REGISTERED COMPANY NUMBER.. 00888176 (England and Wales)
REGISTERED CHARITY NUMBER: 525924
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
FOR
WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
Clarke Nicklin LLP
Chartered Accountants and
Statutory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Paga
Report of the Trustees
1 to 17
Report of the Ind•pen(l&nt Audltors
18 10 21
Statement of Flnanclal A¢tlvltlo$
22
Balance Shaat
23 10 24
Cash Flow Statement
25
Notes to the Cash Flow Statement
26
Notes to the Financial Statements
27 to 36
Detailed Statemènt of Flnan¢lal Actlvltlgs
37 to 38

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
The Governors who are also the members and directors for the purposes of the Companies Act 2006, present
their report, which includes the Report ol the Directors,, ￿rith the financial stalemenls of the ¢harily for the year
ended 31 August 2025. The trustees. referred to as Governors, have adopted the provisions of Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
{effe¢live 1 January 20151.
OBJECTIVES AND ACTIVITIES
Objective
In accordance wth its objects, the actiwty of the Trust is the educational development of pupils at the Wilmslow
Preparatory School (VVPSI, providing full-lime education lo pupils aged 5 10 11. Full or part-lime education is
provided to pre-Receplion children from the age of 3.
The School's overall objective is lo.. 'offer acadernic and creative excellence in a caring. respectful and slimulaling
environment..
Aims
The School's specific aims are then identified as the followng..
To provide academic excellence through a broad, balanced and varied curriculum.,
To ensure that our pupils develop lively, enquiring and Creative minds.,
To value each boy or girl as an individual so as lo maximise his or her potential and confidence.,
To offer a safe, kind and caring environrnenl.,
To encourage self-respect and respect for others.
These are then underpinned by a number of key business objectives as follows..
To sustain financial viability, by maintaining pupil numbers and ¢onlinually reviewng expenditure items
in order to control ¢osls'.
To recruit and retain high calibre staff. between them bring broad teaching experience, a variety of
creative skills and strong management and technical skills.,
To maintain our premises and buildings lo a high quality lo assist the above educational aims to be
achieved.
In setting our specific objectives and planning our activities for the academic year 2024125. our Governors
continued to be mindful of the Charity Commission's general guidance on public benefit.
Our particular objectives for the year included..
To support our parents with the introduction of VAT on fees,
To focus on pupil retention and recruilmenl in this period of change,
To provide continuing support of our pupils already in re¢eipl of fee assistance through bursaries,
To reviewjoinl working opportunities with local stsle junior school,
To further enhance and develop our Information and Communications Technology IICTI strategy to
ensure we deliver our teaching though up-lo-dale methodologies and equiprnent,
To continue to explore opportunities for working collaboratively with King's School Macclesfield through
our slralegiG partnership arrangements,
To worf( towards maintaining our previous excellent inspe¢fjon outcomes wthin the new Inspection
Framework,
To continue lo develop our role in the life of our local community through our charitable and community
aclivilles. whilst adding lo the alkround education of our pupils.
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OBJECTIVES AND ACTIVITIES
Strategy* Ethos, Access. Edu¢atlonal Llnks and Bursary Policy
Strategy
The Governors are responsible for agreeing a sirategy lo achieve our obje¢lives. The focus of our strategy is on
the continued developmenl of our pupils. so that each ¢hild achieves hislher polenlial, through high levels of
academic and extra-curricular achlevemenl, and to further wden access lo the education our School provides.
Our ethos
We aim lo be a happy, caring school, whKh creates a strong sense of community and seeks to serve the local
community and society.
WPS is a charitable Irusl, which seeks lo benefit the public through the pursuit of ils slated aims. Our fees are
sel at a level lo ensure the financial viability of the School and al a level that is consislenl wlh our aim of
providing a firsl-¢lass education to our pupils.
Our School welcomes pupils from all backgrounds. To admit a prospective pupil we need lo be satisfied that our
School will be able lo edu¢ale and develop such a pupil lo the best of hislher potential and in line wlh the general
standards achieved by hislher peers. There 15 no assessment for entry into our pre-school or Reception years,
informal assessment and interview for the Infants {forrns Prep 1 and 21. and more formalised interview and
assessment for entry into the Juniors (forms Prep 3 61. These methods help us lo satisfy ourselves and parents
that potential pupils can cope wlh the pace of learning and benefit from the education we provide. An individual's
economic status. ethnicity, race, religion and in most cases, disabilily do not form part of our assessment
processes.
Our School is committed lo safeguarding and promoting the welfare of our puplls and expects all staff and
volunteers lo share this commitment. Our most recent inspection by the Independent Schools. Inspeclorale IISII
look place in November 2024. The role of the team of inspectors is lo assess and report on the extent lo which
the School meets the Independent School Standards {'Ihe slandard'l in the Schedule to the Education
{Independent School Standards) Regulations 2014. The visiting team rigorously and exiensively analysed all
aspects of WPS including lesson observations, inteNews wlh senior leaders. governors, teaching and
non-leaching stsff and pupils, reviews of processes and procedures, and feedback from parent, pupil, and staff
questionnaires. We are delighted that the inspection report identifies that WPS meets all ol the standards and is
highly positive with regard to the quality of education, pastoral provision, safeguarding. pupils, contribution to
society and leadership at Wilmslow Prep School. With regards lo pupil welfare the inspection report comments
Ihat'leaders diligently identify the needs of each pupi5 and prtsmole their well-being,.
Parents are given regular information about their child's social and academic progress through parents, evenings,
in addition lo the traditional end of term and year reports. We maintain regular contact wf(h parents throughout
the year through informal contscl and through our weekly newsletter. All pupils have a Form Tutor responsible
for pastoral care and academic development. We also have a system of 'buddies' who are involved in assisting
leaching staff in enforcing our very vigorous anti-bullying policy. Robust strategies are used lo support the overall
well-being of our pupils.
We are an equal opportunity organisalion and are committed to a working environment that is free from any form
of discrimination on the grounds of colour. race, ethnicity, religion, sex, sexual orienialion or disability. We wll
make reasonable adjustments to meet the needs of staff or pupils who are or become disabled.
Access
11 is important lo us that the first Class education we offer is not reslricled lo those can afford our fees, and
we believe th81 our pupils benefit from learnlng wlhin a diverse comrnunily, through social interaction and shared
experiences, which helps develop each individual's wider understanding.
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OBJECTIVES AND ACTIVITIES
Educatlonal links
Our School is part of a wider ¢ommunity and we are keen that our stsff and pupils participate in that. We offer our
facilities for a variety of sporting development activities for ¢hildren from other schools through sport fixtures and
are constantly looking lo develop this. We also offer a holiday club during School holiday periods and a Nursery,
both through an exlemal provider, and both are open to children from the wder community. We have organised
courses where we invite tslher schools to participate, which obviously is beneficial lo them, and specialist teachers
meet with others from different schools lo discuss best practice and share ideas. Such meetings are open lo any
lo¢al school.
Bursary Policy
The Governors view our bursary awards as important in helping to ensure that children from families who would
otheMise not be able lo afford the fees can access the education we offer. Our School is a small prep school
Ihout the benefits of having any18rge endowments, and in funding our awards we have lo be mindful that we
musl ensure a balance between fee-paying parents, many of whom make ¢onsiderable personal sacrifices lo
fund their child's education, and those benefiting from the awards.
Our bursary awards are available lo all meet our general entry requirements and are made solely on the
basis of parental means or to relieve hardship where a pupil's education and future prospects would otherwse be
al risk, for example, in the case of redundan¢y. The awards range from 10% 10 900A remission of fees. We also
attempt lo supplement bursary awards to pay for extra-curricular activities, equipment and school trips, in
particular hardship cases. To emphasise the importance, we place on conlinuily for families, we also offer
discounts where parents have more than one child al the School. A discount scheme ￿ere staff members
choose lo educate their child at our School is also in place, which we believe can help to attract and relain high
quality staff.
Information about fee assistance is provided lo all who apply lo WPS. We also advertise the fact that we offer
Bursaries through the local press, and in any advert we place, a5 well as on our website.
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ACHIEVEMENTS AND PERFORMANCE
Operational performance
The lolal number of pupils educated during the year averaged 130.
Our fees for 2024125. before the deduction of any bursaries or discounts, and before the introduction of VAT..
Kindergarten £420 per sesslon per week per lemi
Infants £4,095 per temi
Middle Juniors £4.420 per term
Upper Juniors £4,795 per term
VAT on school fees was introduced ljy the Government from January 2025. The Govemors took the decision lo
support parents fully wlh the cost of the VAT from January- August 2025. TherefoTe, although VAT was added lo
fees from January. the School credited all parents with an amount deducted from their fees so that when VAT
was added lo their fees invoice. the effect lo parents was no change.
Academic performan¢e
As noted previously. our most recent Inspection look place in November 2024, vthere we were judged lo have
mel all the req4Jired rigorous standards. The new inspection report differs lo that under the previous inspection
framework, in that the s¢hool is no longer graded. Instead. the report $lales whether the school Meets the five
regulatory standards. WPS met all 5 regulatory standards. In addilion. the WPS report positively noted that 'pupils
are articulate speakers and attentive learners. and Ihat'lea¢hers give pupils targets to work towards and provide
conslruclive feedback which helps pupils improve,.
This year form Prep 6 leavers chose lo sil entrance examinations to Independent Senior Schools, and again
achieved an excellent pass rate. Children received muttiple offers. a lolal of 36 offers, across 17 children. lo
Mancheyter Consortium schools, which include some of the North West's top schools.
Pupils at the School are formally assessed In the Summer Term Iwth Prep 6 being assesseil in the Autumn in
preparation for the Senior School exams). Pupils in Ihe Early Years Foundation Slaoe IEYFS, whi¢h incorporates
the pre-school and Re¢eplion years). complete informal assessments and PLJpils in Years 1 6 complete fomal
assessments in English and Maths, plus Verbal and Non-verbal Reasoning in Years 3 6. to assess academic
progress and ability. Currently Ihe School use GL Education Assessments. For the Key Stage 2 pupils lie Years
3 - 61 the English and Maths assessments are completed online and analysed exlemally providing an in-depth
analysis of each pupil's performance. The tests are standardised lo a national scale which enable staff lo fully
track each pupil's progress, which is communicated regularly lo each pupil's parentlsllguardianlsl.
Muslc
Music continues lo be an impressively strong feature of Wilmslow Prep life. Over 65% of the children in Prep1-
Prep 6 had musi¢ lessons in one or more areas during this academic year.
Five professional musicians come in to deliver the instrumental and vocal lessons each week as well as a MLJSIC
specialist lo leach curriculum music. In June, we employed a new string teacher, Nicola Bright, to join our team.
76 lessons were delivered each week on 12 instrumentslvoice. To encourage children to PTactise regularly al
home. we continued wlh our SLJccesslul pracliGe charts. adding 2 further levels due to demand. This system
continues lo be very positively received by children and parents and the instrumental teachers. We continued lo
use our set of plastic wnd instruments so that all the children in KS1 could try out an inslrumenl in their
curriculum lessons wthout having lo commit 10 1..1 lessons. We are hoping to extend this to give pupils a chance
lo try string instruments next lo develop our School orchestra.
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ACHIEVEMENTS AND PERFORMANCE
Music Icontinuedl
Music clubs included Chamber Choir and School Orchestra. Each of these groups perfomied al the Carol
Concert and at Speech Day. Our Music Pupil Ambassadors als0 ran a club for Prep 3 and under. Two further
Choirs were established for the Alderley Edge Festival.
We were successful in achiewng Silver Artsmark status, a superb achievement. giving our children many arts
opportunities in and out of School. 25 members of the School Orchestra performed wlh the Halle. The older
children went on a trip lo see the musical Wicked.
Al Christmas. Kindergarten and Reception performed 'Our Very Own Nativity, and Prep 1 and 2 performed
'Fleece Force., We returned to the Church for the splendid Carol Concert. We also went carol singing across the
road al Canterbury Grange, lo Carrs Court and through the town centre on the last day of term. The Chamber
Choir were invited once again lo lake part in the Christmas Event al Tallon Hall.
Each year we have an internal House MLJSi¢ Competition and this year we had 71 performances from 57 child￿n.
We were delighted to welcome back a professional musician as adjudi¢alor. She thoroughly enjoyed listening to
all the tslented musicians and she was particularly pleased lo see so many performers.
OLJr Prep 3 and 4 PLJpils prepared their show called 'Pirates versus Mermaids., There is mu¢h lalenl across these
two classes and many budding drama and music students lo look out for in the years lo come.
For Aldedey Edge Festival this year, we entered 3 Choirs. winning two first places and a second place. 38 children
were in the choirs from Preps 3, 4, 5, and 6. There were excellent individual perfomiances with 41 entries. 12 of
our pupils, gained places in the lop three 4 x 1st. 3 x 2nd, 5 x 3rd. In total, 58 children were involved in the Muslc
sections.
27 Pupils took Musl¢ Trinity Exams this year.. 14 achieved a dislincllon, 9 a merit and 4 a pass. Two pupils
reached Grade 4.
Our younger pupils had many perform3n¢e opportunities two Nativities, Mother's and Falherfs Day events, an
Easter Bonnet Parade. Barnardo's Big Toddle and their own Speech Day.
Prep 5 and 6 performed their show in July - The Lion King. We set the standard in 2024 with Bugsy Malone and
rose even higher this year with a truly memorable performance.
Speech Day was another delightful occasion and once again there were many memorable performances from our
fabulous musicians.
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ACHIEVEMENTS AND PERFORMANCE
Sp&ech & Drama
Speech and Drama is taught as part of the timetable to all children from Reception upwards and continues to go
frorn strength lo strength.
KG are involved in a number of our ￿ole school events and special dayslassemblies including their Christmas
Nativity Show wlh Reception.
Our Learning Ambassadors (ln Prep 61 speak al a range of special occasions to introduce these events. which
gives them a wonderful experience of publi¢ speaking to a large audience.
In 2023124 we introduced a mental health ambassador whose role included a range of ￿SponSIbl1111eS including
overseeing community events with the Speech and Drama coordinator and helping lead assemblies. Then in
2024125 we introduced a drama ambassador who uill share the above roles and will also help to lead the drama
club.
During the year, all the Chlldren had the opportunity to lake part In a production either at Christmas, Easter or al
the end of the Summer Temi, as well as during particular assemblies. We also again entered festivals su¢h as
the Alderley Edge Festival, as well as the English Speaking Board IESB} examinations. A very high proportion of
our children entered the Aderley Edge Festival and 17 children received 1st lo 3rd placings. Children in Prep 3-6
entered the ESB examinations with an exceptional number achiewng distinction and all achieving a merf(, merit
plus or distinction. which was a truly excellent outcome.
The children continued lo benefit from participation in events such as the Carol Service and Speech Day, whlch
are ahNays real highlights ol the School Calendar. We continue lo expand our events for Artsmark after achieving
Silver award. Artsmark weeksldayslevents took place in¢luding wel¢oming into School visitors for our Diwali
week, and also taking the children out of School, for example, by expanding connections wth our local theatre,
The Green Room. We also had a theatre trip to the pantomime at The Stockport Plaza in Autumn Term 2025.
We have extended our community links even further this year linking wlh a local care home. Prep 3 have already
visited, creating a lime capsule wth some of their residents. Evidence shows the many positives for
mulligenerational links and we look fonNard lo our next visit.
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ACHIEVEMENTS AND PERFORMANCE
Sport
Here al WPS we encourage physical exercise alongside healthy competition. Our pupils lake part in 8 ￿lde range
of ball and ra¢quel sports which includes football, netball, ho¢key and tennis. We field teams from Prep 3
upwards and our results reflect the hard work and commitment of the children who always lake part with great
enthusiasm. We also do gymt)aslic$ and dance which in lum helps support the other activities the children take
part in.
During the academic year we lake part in many of the ISA competitions which allows us lo compete further afi'eld
against many different schools. some of which are mu¢h larger than us and this in turn, if we are successful
gives the chil(Jren the opportunity lo represent the North in national competitions. In the Summer term our Prep 3
girls won the North U8 Alhlelics trophy after two of them finished 1 st and 2nd in the 60m sprint and then the relay
team also finished 1st.
We also offer a wide range of sporting a¢tivilie$ through extra-curricular clubs, these have included cricket,
tennis. hockey, netball, yoga, judo and fencin9. Here al WPS we continue lo thrive our sport.
Art
As with 311 the arts, this disapline 18 held in high regard at WPS. Our art and design and technology curri¢ulum at
aims to give children the opportunity lo learn how lo handle and use a wde range of tools and materials skilfully to
produce work in different forms that reflect their observational skills and imaginations, as well as the wder
Primary curriculLJm. We consider that every child is enlilled lo a full. varied and balanced art education. We
believe that a high-qualily art and design education should engage, Inspi￿ and challenge pupils, equipping them
ilh the knowledge and skills to experiment, invent and create their own works of art, craft and design. As pupils
progress, they are en¢ouraged lo think critically and develop a more rigorous understanding of art and design.
They learn how art and design both reflecl and shape our history. and contribute to the culture. ￿eativity and
wealth of our nation.
This year was our second year of our'Artsmark' joumey. We planned exciting 'Artsmark Activities, throughout the
year which Culminated wlh our performance of 'The Lion King,. All the children throughout the school became
involved designing and rnaking African animal headdresses ￿1¢h they all wore for their 'Animal Parade, and
watched the performan¢e of'The Lion King, by Prep 5 and 6. This year we involved the children even more in the
production aspects of the play as they became involved wlh making scenery and props. We also had an ex pupil
visit the school who impressed the children with her artwork making beautiful birds of prey for the play.
Again, this year we were successful in the ISA Art Competition wlh one of our entries being forwarded to the
National Competition.
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Community Involvement
Wilrnslow Preparatory School pupils are actively encouraged to engage in charitable work and fundraising. Our
School Council representatives gather ideas from their peers to discuss al their weekly meetings, during which
the decision 15 made on which charities lo support and how lo do so. The termly calendars are sprinkled with the
various charity activities our pupils have decided lo support. Pupils are involved in raising money for The Poppy
Appeal, Macmillan, and Barnardo's. They also take part in Children in Need and Red Nose Day fundraisers each
year. Activities lo support these charities include coffee afternoons, cake sales, raffles, Challenges, selling
merchandise, and home clothes days. During 2024125 a lotsl of over £3,000 was raised for the various good
causes.
Each year our pupils take part in a variety of activities linked with our local community. Our Chamber Choir wsil
local elderly residential homes each Chrislmastime to sing carols. During the Autumn Temi, our whole School
community brings donations for our Harvest Festival which are then donated, via Sl Bartholomew's Church, to
Hop& Central, who are dedicated lo bringing hope and relieving poverty in our local area. Towards the end of the
Autumn Term, a51 our pupils lake part in a reverse advent calendar, bringing in ilems which can then be donated
lo those in need. During the acadernic year, the School supported Mental Health Week, Children's Mental Health
Week and Cystic Fibrosi5 Tiust through a variety ol 'dress up, days leg wearing a yellow accessory), raising
awdreness and funds for these causes. The School made no political donations.
Wilmslow Prep pupils and staff are well kno¥Nn wlhin the communily and the School is renowned for being ￿nIling
lo help local businesses and individuals where possible. We see this maller as an extremely important part of the
pupils, education, as they interact with those outside the School community and gain a wider understanding of the
environment. We have one defibrillator. on an oulside wall. for the benefit of the communily. All staff have
received training in the use of defibrillators. and this training is updated, as necessary.
Our premises are also used by the wider community. During the School holidays. 'Holiday Zone,, use our main
School hall and facilities, to run a holiday Club which is open to all local primary school-age children. Our Sports
hall is a popular community facility well used by a number of Ioc81 clubs.11 is now used throughout the year by
local Badminton ¢lubs, Wilmslow Football Association, a local adult dance group and a Karate Club. In addition.
the local Alpine Society use our School hall on a regular basis for their meetings.
A Day Nursery (run by an external provider through a lease agreement) operates on our sile which provides us
with a good link lo families with younger children and, through them, with the wder community in general.
Environmental Initiatives
We lake the education of our young pupils about the wider worfd very seriously and try to set a good example as
an organisalion lo help influence the expectations and behaviour of our pupils in their later life. providing public
benefit. To ihis end we have introduced a number of environmental inilialives such as recycling of paper,
cardboard and compost, and reducing use of plastic and of energy leg electricity).
The School Council meet on a weekly basis to discuss new ini113tives both in and out of the classroom on how we
can become more aware of the environment and what we can do to support this. The programme is reinforced
through our PHSEE lessons as well as through School and Form assemblies.
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ACHIEVEMENTS AND PERFORPIIANCE
Bulldings
In addition to curriculum development, the maintenance and devek)pment of the fabric and facilities of our School
are key to our strategy. Over recent years, we have undertaken two key developments, extending and enhancing
our entrance hall, and we also developed a mulli-surface Astro pitch alongside our Sports Hall. Pupils and staff
enjoy the use of the Astro pitch for lessons as well as for break times, and over the past couple of years we have
further developed our outside area around the Sports hall lo provide a Forest School. This is particularly
well-used by our Early Years Department and by our onsite Nursery. We have also reorganised our space to
provide a larger music room which is used for curriculum music lessons as well 89 1-1 lessons and music
pra¢tices eg choir and oroheslra.
We have also enhanced the provision of our ICT facilities throughout the School, in line with our Strategic
development plan and enhancement programme. We have significantly improved our Wi-Fi access and installed
new interactive TVS, IPADS, and Chrome books. We have extended the use of technology in lessons and
continue lo review teaching practices with regards lo effective use of ICT.
In addition. we have a programme of planned Maintenance throughout the School - further internal redecoialion
was carried also out over the last summer break. As noted above, we continue to review our computer facilities
and resources on an ongoing basis in order lo keep up to dale for our pupils and staff, with this being a key focus
over 2025-2026.
Rèview of bursary and discounts awards
In 2024125 the value of means tested bursaries lolalled over £214,000 representing almost 14% of lolal fee
income, and providing some assistance lo over 35 pupils. We usually help fund the costs of extras such as trips
for some of our pupils in receipt of Bursaries.
The Governors ¢onlinualty review o(Jr Bursary awards to ensure that we try lo help children, through the
availability of means tested financial assistance, who would not olherwse be able lo attend Wilmslow Prep
School. Previously lake-up of Bursaries slabilised at around the 20°A level of lolal fee income bul during Covid we
did prowde additional short-lerm help to a very small number of families. In the Autumn term 2025, they
represented approximately 140h of fee income supporting 25 pupils (some 21.kn of pupil numbers). We are keen
lo ensure the objective of wder access is achleved, and our aim lo maintain a rninimum of 120A of total fee
income on Bursaries. has already been mel and exceeded.
The Governors view our bursaries as important in wdening access lo the first-class education we provide.. as a
charity this is important lo the Board. Over the last couple of years. we have made significant steps lo in¢reased
marketing of the availability of bursaries, though specific press releases and our website. The su¢¢ess of this ¢an
be seen by the additional pupils we now have attending WPS through financial assistance. We continue lo review
potential slate school partnership options, especially through our music, sport and language tea¢hing.
Future Plans
The Governors intend lo continue their strategies of maintaining the School's position in an increasingly
competitive market and with a potential re￿$Sion ahead, by investing lo provide high quality education for our
pupils. Achieving a high standard of acadernic results is a Constant aim whilst maintaining the breadth and depth
of the edu¢alion provided.
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ACHIEVEMENTS AND PERFORMANCE
Future plans Icontinu8dl
The Headleacher and senior staff re￿eW the curricLJlum on an ongoing basis lo ensure that both academic and
extra-curricular provision is appropriate for our pupils, development. For example, in 2022123 we introduced a
new phonics scheme across the Schotsl lo really enhance pupils. development in this important area even further.
In 2023124, our Reading and Comprehension was a real focus and we made adjuslmenls lo our limelable for the
provision of additional dedicated reading slots, and in 2024125 we added new resources lo our Classrooms to
further enhan￿ the delivery and assessment of creative writing. These continuous developments help lo ensure
that our already excellent academic offering in English as a whole subject. has been extended further. The drive
and desire for consistent improvement Ihroughoul the School is a key feature of the School's continued success.
Traditionally, any future plans have been financed primarily from fee In¢orne and from our reserves and the Board
has chosen not lo borrow lo fund projects. However, given the unprecedented limes faced by all in the 2020121
and 2021122 academic years, and with the additional challenges those provided, the Board explored the
Government backed loan schemes {ie Boun￿ Back IBBLI and COVID BLJsiness Interruption Loans ICBILII. and
made the strategic decision lo lake out the smaller BBL in October 2020. Repayments for this siarted in
November 2021, and have been maintained rnonlhly since then, leaving a balance at the end of the 2024125 year
of some £12,000. No further borrowing has been undertaken. The Governors will seek lo ¢onlinue to invest in the
School to allow our current pupils lo benefit whilst al the same lime ensuring a sound infrastructure and financial
base are preserved for the next generation of pupils - just as our current pupils benefit now from reserves and
investments made in the past.
All developments, recent and historic, have been fInan￿d by reserves, supported latterly by our small BBL.
Our medium
long term plans include continued redevelopment of our Science facilities and replacing the
buildings behind our School hall with a higher specification. iwo-storey construction.
FINANCIAL REVIEW
Financial position
The financial statements show nel incoming resources for the year of £18.47012024 net incoming- £158.1801.
Pupil growth and retention remains a key challenge for tho majority of small prep schools, but one lo which WPS
conlintjes to respond well. The Govemors and Senior Leadership team ISLTI have a real focus on growth and
have introduced some key initiatives such as the Prep Pathway- our unique and clear vision of a child's learning
journey al WPS. Our Headleacher and Bursar (the hNo forming the Senior Leadership Team) have worked
together to orow our PLJpiI base. Over the past few years, growth in pupil nurnbers hss been evident ￿rith the
efforts made resulling in a growing number of referrals through personal recommendations, as well as enquirles
from new farllilies. As a ¢onsequence, our pupil numbers have grown and in 2024125 averaged 130 compared to
101 four years previously in 2020121. Our excellent reputation will allow us lo continue lo build on our successes,
although we are fully aware of the potential impact of the imposition of VAT on our lees wll have on our parental
body. Since the introduction of VAT on fees, nationally the private sector market has a seen a shrinkage so to
maintain our pupil base at this sort of level is a refieclion of the School's strong reputation. Governor5 and the
SLT continue lo review possible options for supporting parents and we have consulted parents lo gain their
constructive input.
From September 2020, the School wthdrew from the Government Teachers, Pension Scheme ITPSI. Instead
teachers are able lo join a sound defined ¢ontribLJtion scheme, approved by the independent Schools, Bursars.
Asso¢iation, ￿thIch allows teachers flexibility on contribution levels according lo their own personal circumstances.
This move has also had the benefit of making savings for WPS. as ernployer contributions to the TPS were
becoming unsuslainaljle for a small prep school and subsequently placing a burden on fee levels.
Page 10

WILMSLOW PREPARATORY SCHOOL TRUST
UMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
FINANCIAL REVIEW
Principal funding sources
The principal funding source during the year was fee income and the key objectives of the charity were supported
by expenditure on teaching, welfare and running costs of the School.
As a charity. the parents of our pupils have the assuran￿ that all the income of the School is applied for
educational purposes. As an educational charity we have previously enjoyed lax exemption on our edu¢alional
activities and on our investment income, and these were all fed back into the School's charitable aims. As a
charity, until the current lax year. we were entitled lo an 800A reduction on our business rates on our educational
property. However, this benefit was removed from private schools from April 2025 which had a negative impact
on our finances of around £8,300 for the financial year and wll have a negative impact of around £20,000 on a full
year basis.
As noted earlier, VAT on school fees was introduced from January 2025. We also pay tsx as an employer
through the nab'onal insurance coniributions we make.
Investmènt policy
The Company has absolute powers of investment of ils corporate reseNes. The Finance sub-committee review
investment risks and the policy is to invest in Iow-risk Government Bonds and Unit Trusts. An a¢¢ounl with a
slightly higher return is used for day-to-day surplus funds.
Investments yielded income of £7,82212024'. £6,803).
Page11

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
FINANCIAL REVIEW
Rasarvas and financial health
The Governors review financial perfomiance al each of their meetings. there is a nominated Finance Governor
who liaises ¢losely wth the Bursar al other limes, and also a Finance subcommittee are key in making
recommendations to the full Board.
In Common with other independent schools, the Govemors have invested subslanlial sums into the School
infraslruclure Ilhe most significant recently, being enhancement of our music fa¢iSilies, extension of our onsite
Nursery, enlrance hall, and extended development of our sports and playing facililiesl. We also have a continued
programme of refurbishment, development and investment to maintain the School's excellent teaching facilities.
The excellent maintenance and condition of our buildings were noted by the Inspection Team al our last full
qualitative ISI School Inspection (Summer 20171. In addition, as noted eaTlier, all regulatory standards were met
in our most recent inspection in November 2024.
Reserv8s Policy
Traditionally, il has been the policy of the School's Governing Body lo fund all capital projects from reseNes and
not to borrow any capital surns. As noted previously, because of the COVID situaiion, the Governors accessed
the Government Bounce Back Loan, which we ale now repawng in line with agreed terms.
Potential projects are identified in the School's Development Plan and in the past have included..
UP9rades to our ICT resources.,
redevelopment and refurbishment of our Music facilities.,
- a new Nursery block.,
further extension lo the indoor and outdoor fa¢ililies for our onsite Nursery.,
a new entrance hall and ICT suite.,
redevelopment of r)ur entrance hall..
a new multi surface sports pil¢h outside our SpLTrrts Hall.,
- further playground improvements.
In addition to continuing to invest in new facilities, the Governors have invested in updates lo tsur current sile, for
example, with development and enhancement of our Forest School area behind the Sports Hall, as well as other
planned maintenance work, and significant investment in Wi-Fi access. Such works. whilst not necessarily
providing a visible Ljplifl, are essential to keep our buildings and our edu¢alion provision safe, secure and modern.
Note 21 to the financial statements shows the assets and liabilities attributable to the various funds by type.
Unreslricled funds amounted lo £1,494,724 but only £335,884 of this is freely available because the balance is
invested in fixed assets or is designated for other purposes. It is the role of the Finance Subcommittee to review
the levels of reserves against current needs for the effective financial management of the School's activities at
their present level.
Developments
Our current focus is on redevelopment of our playground areas, and on Science facilities. New hardware such as
interactive screens or TVS, is now in place in 311 of the classrooms.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The ¢harity is controlled by Sts governing document, memorandum and articles of association, and constitutes a
limited company. limited by guarantee, as defined by the Companies A¢1 2006.
Page 12

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organlsational structure
The Governors determine the general policy of the School and they meet as a Board approximately six limes a
year lo review ils overall management and control. for which they are legally responsible. The day lo day running
of the School is delegated to the Headteacher and the Bursar. The Govemors approve the School's policies and
its Development Plan. Any key projects or major changes lo procedures are referred to Governors for full debate.
The Chairman of Governors has regular communication with both the Headlea¢her and the Bursar, and other
Governors are regular visitors lo School (e.g. the Health and Safely, Marketing, Staff and Educalionlsafeguarding
Governors).
The Headleacher oversees the re¢ruilmenl of all educational staff, generally supported by the Education
Governor. The Bursar oversees the recruitment of adrninislralive and non-teaching support staff, usually together
ilh the Headleacher. The Headleacher and Bursar were invited lo attend Governors, Meetings in 2024125, and
other staff are invited, as required, by the Governors, to share knowledge about their specific teaching area as
well as about pastoral care, including well-being and safeguarding.
Page 13

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
It is recognised that between them. the Governors need lo be able to speak with knowledge and experience on a
de range of matters that will be brought lo their attention. Accordingly, when a vacancy is to be filled. the
Governors always take into account what field of experience or training is not represented, or is
under-represented, on the Board. The following skills are considered essential lo the Governing Body..
Education lincluding Special Needs)
Safeguarding
FinancelBusiness
-Law
Property
edi¢al
PRlmarkeling.
However. the right persons with sound judgement, in sympathy with the longer-lerm aims of the School, and the
desire lo serve the School, whilst being able lo give the necessary time and support freely and willingly. are also
essential. In a small local School such as WPS, it is also considered beneficial that Governors live reasonably
close to the School. so that they have an understanding of the local Community. Hence, the Govemors consider il
wise lo appoint the right peTson ￿rith the necessary skills, even if thi5 means having a vacancy in the short teTm
(professional expertise may then have to be bought in lemporarilyl.
It is recognised that It can lake lime ftsr a new Governor to become familiar with the School. the way in which it
operates and the issues which face Governors and rnallagement. New Governors meet wth at least the
Chairman before they are officially appointed to disCUSS the role and r(s requirements. They will also be invited
into School to meet wf(h the Headleacher antl Bursar.
New Govemors are issued with a Governors. Handbook. and 8 comprehensive pack of relevant papers, including
copies of documents such as The Trust's Memorandum and Arkncles. the most recenl Annual Report and
Accounts of the Governing 8ody, the latest lenN's accounts. previous minutes, the SchoDI's Developrnenl Plan
and the most recent inspection report.
New Governors are asked lo familiarise themselves ￿th recent developments in the education sector. To assist
them, relevant developments are noted at each Governors. Meeting by the SLT. Governors are also encouraged
to attend seminars fun by AGBIS or IAPS. where they can exchange views other schools. All Governors are
also invited lo allend, where possible. s18ff training days Ihal take place the day before each term starts.
It is expected that Governors should keep themselves up-to-dale with what is happening in School, as well as
more widely in education, particulady in the independent sector. Details of meetings le.g. IAPS, AGBISI are
cir¢ulated lo Governors and wherever possible a Governor is encouraged to attend a relevant organised session.
Helshe wll then report back to the whole Governing Body so that the information is disseminated to all.
other ralationshlps
The School is a member of IAPS Ilhe Independent Association of Prep Schools) of ISA Ilhe Independent
Schools, Association) of ISBA Ilhe Independent Schools, Bursars, Association), and of AGBIS (Association of
Governing Bodies of Independent Schools). These associalions provide a wealth of expertise, knowledge and
experience across the independent schools, sector.
Page 14

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Rlsk managèm•nt
The Governors are responsible for the overseeing of the lisks faced by the School. Detailed assessments of risk
are delegated lo the Senior Management Team and a system of risk management and assessment is in place.
The Governors assess the major risks that the School faces each finan¢ial year when preparing and updating the
School's Development Plan. The Charity has developed systems lo monitor and control these risks to miligale the
impact ihey may have on the School in the fLJlure. 11 is recognised that any such systems can only prowde
reasonable bul not absolute assurance that major risks have been adeqijalely managed.
Key risks al nationallpolilical level which are already having a major negative impact on our sector include..
The govemmenl's introduction of Value Added Tax lcurrenlly 20Qh on most services) was added lo fees from
January 2025 and the removal of Business Rates Relief from April 2025. These actions are having a serious
impact on the independent schools market. with some schools having already closed with a definite shrinkage of
the market. Fortunately, WPS has a financially strong, secure position.
Low birth rates which are impacting Reception ¢lass sizes generally.
The national short-mid-lerm economic situation, which is still a concern for many families.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
00888776 (England and Wales)
Reglstered Charlty number
525924
Regist8r8d office
7 Grove AvenLJe
Wilmslow
Cheshire
SK9 SEG
Page 15

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THEYEAR ENDED 31 AUGUST 202S
Trusta8s
MrA Gosnay
Mrs L. Anson
MrJ. Hughes
Mr D.G. Vanslone
Mr J. Sharp
Mrs D. Stephenson
Mrs W. Wynn
Mrs B. Williams
Mrs H. D'urso
Mr N. Laird
Three Governors retired al the end of the academic ye3r 2024125.. Mrs W Wynn, Mr N Laird and IAr J Sharp.
In accordance wlh Article 42 of the Articles of Assoaalion, Mrs H D'urso, Mr A Gosnay and Mrs D Stephenson
the Governors retiring by rotation. wll retire al the Annual General Meeting, and being eligible. offer themselves
for re-election.
Other Officers
Headlea¢her
Mr B. Lavagna-slater HDipEd, BA (Hons) NPQH
Bursar
Miss S. J. H. Davies 8Sc IHonsl. IPFA (Honsl
Clerk lo the Governors
Miss S. J. H. Davies Bsc {Honsl, IPFA (Honsl
School Secretary
Miss L. K. Kendal BA {Honsl, PGCE
Company Secretary
Mr A. Gosnay
Auditors
Clarke Nicklin LLP
Chartered Accountants and
Slalulory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD
Solicitors
Pannone Corporate LLP
378 - 380 Deansgate
Manchester
M3 4LY
Page 16

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Governors who are also the charity trLJStees and the company directors, are responsible for the overall
management and contfol of Wilmslow Preparatory School Trust Limited and rneel generally six times a year. The
School Bursar is responsible for co-ordinating the work of the Governors and any su￿Committee$. preparation of
papers, management accounts and the review of matters arising.
All Govemors give their lime freely and no remuneration or expenses were paid in the year lo the Governors
personally. No Governor. or person connected wlh a Govemor, received any benefit from means tested
Bursaries awarded to our pupils.
The Governors are responsible for preparing the Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢¢epled Accounting
Praclicel.
Company law requires the Governors lo prepare financial statements for each financial year which give a true
and fair view of the stale of affairs of the charitable company and of ils incoming resources and application of
resources, including income and expenditure, of the charitable company for that period. In preparing these
financial slalements, the govemory are required to..
select suitable accounting policies and apply them consislenlly..
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
prepare the financial slalemenls on the going concern basi8 unless it is inappropriate lo presume that the charity
will continue in operation.
The Govemors are responsible for keeping proper accounting records that disclose ulth reasonable accuracy at
any lime the financial position of the ch8rilable company and lo enable them lo ensure the financial slalements
eomply with the Companies A¢1 2006. They are also responsible for safeguarding the a55el$ of the charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Governors are aware..
There is no relevant audit information of which the charitable ¢ompanVs auditors are unaware and.,
The Governors have taken all steps that they ought to have taken to make themselves aware of any relevant
audit infomiation and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Clarke Nicklin LLP, will be proposed for re-appoinlmenl al the forthcoming Annual General Meeting.
Approved ljy order of the board of trustees on .
and signed on its behalf by..
.U.
A Gosnay- Trustee
Page 17

REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF
WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
Opinlon
We have audited the financial statements of Wilrnslow Preparatory School Trust Limited Ilhe 'charitable
company'l for the year ended 31 August 2025 whi¢h comprise the Statement of Financial Aclivilies, the Balance
Sheet, the Cash Flow Slalement and note5 to the h'nan¢ial slaternents, including a summary of significant
accounting policies. The finan¢ial reporting framework Ihal has been applied in their preparation is applicable law
and United Kingdom Accounting Standards Iuniled Kingdom Generally A¢¢epled Accounting Praclicel.
In our opinion the financial slalemenls..
give a true and fair view of the slate of the Charitable company's affairs as at 31 August 2025 and of its
Incoming resources and application of resources, including ils income expenditLJre. for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pract¢ce'.
and
have been prepared in accordance wlh the requirements of the Companies Act 2006.
Basls for opinion
We condu¢ted our audit in a¢¢ordance ￿nth International Standards on Auditing IUKI {ISAs IUKII and applicable
law. Our responsibilities under those standards are further described in the Audilors, responsibilities for the audit
of the financial slalemenls section of our report. We are independent of the ¢harilable company in accordance
with the ethical requirements that are relevanl to our audit of the financial slalemenls in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in a¢￿[dance wth these
requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate lo provide a
basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern bssis of
accounting in the preparation of the financial slalements is appropriate.
Based on the work we have performed, we have not idenlifted any material uncertainlies relating to events or
conditions that, individually or ￿lleCtivelY, may cast significant doubl on the ¢harilable company's ability lo
continue as a going concern for a period of at least ￿e1ve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilities of the trustees wth respect to going concem are described in the
relevant sections of this report.
Othar Infomiation
The trustees are responsible for the other information. The other information comprises the information included
In the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financAal statements does not cover the other information and, except lo the extenl otherwise
explicitly staled in our report, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial slalemenls, our responsibility is to read the other information and, in
doing so, consider whether the other infomiation is materially inconsistent with the financial stalemenls or our
knowledge obtained in the audit or otherwise appears to be rnalerially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required lo determine whether this gives rlse lo a
material misslatemenl in the financial slalemenls themselves. If, based on the work we have performed, we
conclude that there is a material misstatement of this other information. we are required lo report that fact. We
have nothing to report in this regard.
Page 18

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
Opinions on other matters prescrlb8d by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit..
the information given in the Report of the Trustees for the financial year for which the financial statements are
prepared is consislenl with the financial statements,. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on whl¢h wa are required to rèport by axcaption
In the light of the knowledge and understanding of the Charitable company and ils environment obtsined in the
course ol the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing lo report in respect of the followng matters where the Companies Act 2006 requires us lo report
lo you if, in our opinion..
adequate accounting records have not been kept or returns adequate for our audit have not been received
from branches not visited by us., OT
the financial slalemenls are not in agreement ¥Mth the accounting records and returns.. OT
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.. or
the trustees were not entitled to take advantage of the small companies exemption from the requirement to
prepare a Slrale9ic Report or In preparing the Report of the Trustees.
Rèsponsibilities of trustoas
As explained more fully in the Statement of Trustees, Responsibilities, the Iruslees (who are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees
determine is necessary to enable the preparats'on of financial slalements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial slatemenls. the Iruslee5 are responsible for assessing the charf(able companys ability
lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going
concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease
operations, or have no realistic alternative bul lo do so.
Page 19

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
Our responsibilitlos for the audit of the financial ststements
Our obje¢lives are to obtain reasonable assurance about whether the financial slalements as a whole are free
from material misslalement, whether due lo fraud or error, and to issue a Report of the Independent Auditors that
includes our opinion. Reasonable aSSUTance is a high level of assurance, bul is not a guarantee that an audit
conducted in accordance with ISAS IUKI wll always delect a material misstatement when il exists. Misslalements
can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably
be expected lo influence the economic decisions of users taken on the basis of these financial slalemenls.
Our objectives are lo obtsin reasonable assurance about whether the financial statements as a whole are free
from material misslalement, whether due to fraud or error, and to issue a Report of the Independent Auditors that
includes our opinion.Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit
conducted in accordance with ISAS IUKI will always delect a material misstatement when il exists. Misstslements
can aii5e from fraud or error and are considered material if. individually or in the aggregate, they could reasonably
be expected lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line wlh our responsibilities. OLJtlined above. to delect material misslalemenls in respect of irregularities,
including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is
detailed below.
Procedures lo identify risks..
enquiring of management concerning the enlily's procedu￿9 relating to..
identifying, evaluating and complying with laws and regulations and whether they were awaTe of any instances of
non¢ompliance', detecting and responding lo the risks ol fraud and whether they have knO￿edge of any actual,
suspecled or alleged fraud.,
discussing among the engagement team regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the
following areas.. timing of recognition of income, and posting of unusual journals,. and
obtaining an understanding of the legal and regulatory frameworks that the company operates in, f(￿USIng on
those laws and regulations that had a direct effecl on the financial statements or that had a fundamental effect on
the operations of the entity. The key laws and regulations we Considered in this Context included Companies Act,
Charities Act, employment law, health and safety, pensions legislation and tax legislation.
The procedures lo respond lo risks identified included..
reviewing the financial stalernent disclosures and testing lo supporting documentation to asse88 compliance
rith relevant laws and regulations discussed above.,
ellquiring of management, concerning actual and potential liligalion and ¢laim8',
performing analytical procedures lo identify any unusual or unexpected relationships that may indicate risks of
material misstatement due lo fraud.,
testing the liming and matching of income and expense transa¢tlons either side of the year end., and
in addressing the risk of fraud through management override of controls, testing the appropriateness ol journal
entries and other adjuslmenls., assessing whether the judgements made in making accounting eslimales are
indicative of a potential bias., and evaluating the ralitsnale of any significant transactions that are unusual or
outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members, and remained alert to any indications of fraud non-complian¢e wlh laws and regulations throughout the
audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al V￿¥.frC.org.ukIa￿d1lO[sresponSIbIIi1Ie$. This description forms part of our Report
of the Independent Auditors.
Page 20

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
Usa of our rèport
This report is made solety to the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable
company's members those mallers we are required to slate to them in an auditors. report and for no other
purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone other than
the charitable company and the charitable company's members as a body, for our audit work, for this report. or
for the opinions we have formed.
Graham Travis (Senior Slalutory Audilorl
for and on behalf of Clarke Nicklin LLP
Chartered Accountants and
Slalulory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD
Date..
Page 21

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2025
2025
Total
funds
2024
Total
funds
Unrestricted Endowment
funds
fund
Note5
INCOME AND ENOOWMENTS FROM
Donations and legacies
72,162
72,162
74,380
Charitable actlvities
Fees and collection charges
1,169,624
1,169,624
1,218,644
Investment income
7,822
7.822
6,803
Total
1.249.808
1,249,808
1.297,827
EXPENDITURE ON
Charitable activities
Teaching and welfare ￿81$
Running ¢osls & maintenance
Governance
737,964
483,066
9.984
737,964
483,066
9,984
702,034
430,947
9.200
Total
1,231,014
1,231,014
1,142,181
Nel gainslllossesl on investments
{1241
11241
2,534
NET INCOME
18,470
18.470
158,180
RECONCILIATION OF FUNDS
Total funds brought forward
1,476,254
752
1,477,006
1,318,826
TOTAL FUNDS CARRIED FORWARD
1,494.724
752
1,495,476
1.477.006
The notes form part of these financial slalemenls
Page 22

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
BALANCE SHEET
31 AUGUST 2025
2025
Total
funds
2024
Total
funds
Unreslricled Endowment
funds
fund
Notes
FIXED ASSETS
Tangible assets
Investments
12
1,126,100
28,076
1,126,100
28,828
1,151,163
28,952
752
1.154.176
752
1,154,928
1.180.115
CURRENT ASSETS
Stocks
Debtors
Investments
Cash al bank
14
15
16
8.642
255.196
538,018
13,388
8,642
255.196
538,018
13,388
8.878
184,620
637,408
14,216
815,244
815,244
845,122
CREDITORS
Amounts falling due within one year
17
{443,4471
1443,4471
1490,8481
NET CURRENT ASSETS
371,797
371.797
354,274
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,525,973
752
1,526,725
1,534,389
CREDITORS
Amounts falling due after more than one year 18
131,2491
{31,249)
157,3831
NET ASSETS
1,494.724
752
1.495,476
1.477,006
FUNDS
Unreslri¢led funds
Endowment funds
21
1.494,724
752
1,476,254
752
TOTAL FUNDS
1,495,476
1.477,006
The notes fom part of these financial statements
Pa9e 23
continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
BALANCE SHEET-continued
31 AUGUST 2025
These financial slalements have been prepared in accordance wf(h the provisions applicable to charitable
companies subject to the small companies regime.
The finanaa
lemen
s were approved by the Board of Trustees and aulhorised for issue on
and were signed on ils behalf by..
A Gosnay- Trustee
D Stephenson-
rus
ee
The notes form part of these financial statements
Page 24

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 202S
2025
2024
Notes
Cash flows from operatlng actlvltl•s
Cash generated from operations
Interest paid
175,9321
(373)
404,733
16961
Nel ca8h lused inllprovided by operating activities
176,305)
404,037
Cash flow5 from investlng actlvities
Pur¢hase of tangil)le fixed assets
SalellPurchasel of current asset invs
{13,638)
99,390
146,3051
1347.7631
Net cash provided byl{used inl investing a¢livities
85,752
1394,0681
Cash flows from financing activities
Loan repayments in year
110.2751
{9,7601
Nel cash used in financing actwilies
{10,2751
19,7601
Change in cash and cash equlvalènts
in the rèporting p&riod
Cash and cash 8quivalents at the
beginning of the reporting pèrlod
18281
209
14,216
14,007
Cash and cash equlval¢nts at the end
of the reporting period
13.388
14,216
The notes form part of these financial slalements
Page 25

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
Net incom& for the reporting p&riod las per tha Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Lossesl{gainl on investments
Interest paid
Decreasellin¢rea$el in stocks
Increase in debtors
{Decreasel/increase in creditors
18,470
158,180
38,701
124
373
236
170,5761
163,2601
40.306
12,5341
696
19191
127,4681
236,472
Net cash {us8d Invprovided by opgratlons
175,9321
404.733
ANALYSIS OF CHANGES IN NET FUNDS
Al 1.9.24
Cash flow
Al 31.8.25
Net cash
Cash al bank
14,216
18281
13,388
14,216
(8281
13,388
Liquld resources
Oeposils included in cash
Current asset investments
637.408
199,3901
538,018
637,408
199,3901
538.018
Debt
Debts falling due within 1 year
Debts falling due after 1 year
{10,203)
{12,2311
{259)
10,534
110,4621
11,6971
122.434)
10,275
112,1591
Total
629,190
189,9431
539,247
The notes form part of these financial statements
Page 26

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
INFORMATION
Wilmslow Preparatory School Trust Limited ('Ihe Companl'l is a charitable Company limited by guarantee,
incorporated in the United Kingdom. The address of ils registered office and principal place of buslness is
7 Grove Avenue, Wilmslow, Cheshire, SK9 SEG.
ACCOUNTING POLICIES
Basls of proparing the financial statemènts
The financial statements of the charitable company, which is a public benefit enlily under FRS 102, have
been prepared in accordance ￿￿th the Charities SORP IFRS 1021 'Accounling and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh
the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective
1January 20191,, Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under
the historical cost convention, with the exceptitsn of Investments which are included al market value, as
modified by the revaluation of certain assets.
There are no material uncertainties about the charity's ability to continue as a going concem.
The financial statements are presented in Sterling 1£).
Income
All income is recognised in the Statement of Financial A¢livilies once the ¢harily has entitlement lo the
funds, it is probable Ihal the income wll be received and the amount can be measured reliably.
Fee income represents the invoiced amount of tuition senrices and meals provided during the year
together with miscellaneous catering receipts and collection charge5. Fees received for education lo be
provided in future years are carried forward as deferred income.
Donations receivable for the general purposes of the Charity are Credited lo unrestricted funds. Donations
for purposes reslricled by the donor are taken to reslricled funds. Amounts required lo be retained as
capital are a¢￿Unted for as endowments.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing
the ¢harily lo that expenditure, it is probable that a transfer of economic benefits ￿￿11 be required in
settlement and the amount of the obligation ¢an be measured reliably. Expenditure is accounted for on an
accruals basis and has been classih'ed under headings that aggregate 811 cost related to the calegory.
Where costs cannot be directly attributed to particular headings they have been allocated to activities on a
basis consistent with the use of resources. The irrecoverable element of VAT is included with the item of
expense to which it relates.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and
services for ils beneficiaries, 11 includes both costs that can be allocated directly lo such activities and
those Costs of an indirect nature necessary lo support them.
Costg of generating funds are fundraisin9 Costs incurred in 8eeking voluntsry Conlributtons.
Goveman¢e costs include those costs associated wlh meeting the conslilulional and statutory
requirements of the charity and include the fees and costs linked to the strategic management of the
charity.
Page 27
continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2025
ACCOUNTING POLICIES - ¢ontlnued
Tangibl8 fixed assets
Depreciation is provided on all tangible fixed assets bought by the school, other than freehold land, al
rales caleulated lo write off the ¢osl. less estimated residual value of each asset over ils expected useftjl
life, as follows'.-
Freehold Buildings
1.50A slraighl line
Plant, Fixtures and Fillings
20.kn straight line
Tangible fixed assets presented to the school as gifts are capilalised at cost lo the donor and a
corresponding amount is prowded of depreciation. Items costing less than £500 are written off as an
expense as acquired.
Stocks
The value of stock, which is not material to the financial position of the company, is estimated.
Taxatlon
The charity is exempt from corporation tsx on its charitable activities.
Fund accountlng
Unrestricted funds are available for use al the discretion of the trustees in furtherance of general
objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes. The aim and
use of each designated fund is set out in the notes in the financial slalemenls.
Reslricled funds are subject lo reslriclions on their expenditure imposed by the donor or through the terms
of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
slalemenls.
DONATIONS AND LEGACIES
2025
2024
Donations and sundry re￿Ipts
72,162
74,380
INVESTMENT INCOME
2025
2024
Investment income
7,822
6,803
Page 28
conlinued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEnAENTS - contlnuad
FOR THE YEAR ENDED 31 AUGUST 2025
INCOME FROM CHARITABLE ACTIVITIES
2025
2024
School fees
add School fees received in advance
less School fees Carried fon￿rd
less Bursaries and allowances
1.533,020
354,656
1239,3011
1478,7511
1,761,791
148.314
{354.6561
1336,8051
1,169,624
1,216,644
CHARITABLE ACTIVITIES COSTS
2025
2024
T&a¢hlng and wèlfare costs
Staff costs
Depreciation
Other operating charges
648,776
603,445
4,246
94,343
89,188
737,964
702,034
Running Costs and malntenance
Staff costs
Depreciation
Other operating charges
159,250
38,701
285,114
161,437
36.060
233,450
483,065
430,947
Governance costs
Auditors, remuneration
9.984
9,200
9.984
9,200
Page 29
continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2025
SUPPORT COSTS
Governance
¢osls
Management
Finance
Totals
Teaching and welfare costs
Running Costs & maintenanee
Governance
737,964
481,600
737,964
483,066
9,984
1.466
9.984
1,219,564
1,466
9.984
1,231,014
NET INCOMEI{EXPENDITUREI
Nel Incomel{expendilurel is slated after chargingllcredilingl..
2025
2024
Auditors. remuneration
Depreciation - owned assets
9,984
38,701
9,200
40,306
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remunerabon or other benefits for the year ended 31 August 2025 nor for the year
ended 31 August 2024.
Trustees. expansgs
There were no trustees. expenses paid for the year ended 31 August 2025 nor for the year ended
31 August 2024.
10. STAFF COSTS
2025
2024
Wages and salaries
808,026
764,882
808,026
764,882
The average monthly number of employees during the year was as follows..
2025
2024
Teachers and assistants- Full lime
Teachers and assistants- Part lime
Self employed
Administration- Office
Adminislralion- Domestic
Adminislralion- Caretaker
16
37
38
Page 30
continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THEYEAR ENDED 31 AUGUST 2025
10. STAFF COSTS - contlnued
The number of employees whose employee benefits (exdudlng employer pension costs) ex￿eded
£60,000 was..
2025
2024
£60,001- £70.000
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTWITIES
Unreslricled Endowment
fund8
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donation8 and legacles
74,380
74,380
Charitabl8 activities
Fees and collectlon ¢harges
1,216,644
1,216.644
Investment income
6,803
6,803
Totsl
1,297,827
1,297.827
EXPENDITURE ON
Charitable actlvities
Teach1ng and welfare costs
Running costs & maintenance
Governance
702,034
430,947
9.200
702,034
430,947
9,200
Total
1,142,181
1.142,181
Nel gain8 on investments
2.534
2,534
NET INCOME
158,180
158.180
RECONCILIATION OF FUNDS
Total funds brought forward
1,318,074
752
1,318,826
TOTAL FUNDS CARRIED FORWARD
1,476,254
752
1,477,006
Page 31
conllnued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2025
12. TANGIBLE FIXED ASSETS
Fixtures
and
fillings
Freehold
property
Totsls
COST
At I September 2024
Additions
1.586,999
571,657
13,638
2,158,656
13.638
At 31 August 2025
fj,586.999
585,295
2,172,294
DEPRECIATION
Al 1 September 2024
Charge for year
496,838
21,705
510,655
16,996
1,007,493
38,701
Al 31 August 2025
518,543
527,651
1.046.194
NET BOOKVALUE
Al 31 August 2025
1.068,456
57,644
1,126,100
Al 31 August 2024
1.090,161
61,002
1,151,163
13.
FIXED ASSET INVESTMENTS
Listed
Investments
MARKET VALUE
Al 1 September 2024
Revaluations
28,952
{1241
Al 31 August 2025
28,828
NET BOOK VALUE
AI 31 ALJgusl 2025
28.828
Al 31 Augus12024
28,952
There were no Invostmenl assets outside the UK.
C08t or valuation al 31 August 20251s represented by..
Listed
Investments
Valuation in 2025
28,828
Page 32
conllnued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS. contlnued
FOR THE YEAR ENDED 31 AUGUST 2025
14. STOCKS
2025
2024
Finished goods
8,642
8.878
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Other debtors
Prepayments and accrued income
239,818
452
14,926
170,791
13,829
255,196
184,620
16. CURRENT ASSET INVESTMENTS
2025
2024
Short term deposits
538,018
637.408
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Bank loans and overdrafts (see note 191
Trade creditors
Social security and other taxes
VAT
Other creditors
A¢cruals and defetted income
10,462
75.421
15,456
37,149
13,732
291,227
10,203
49,481
38,921
9.724
382,519
443.447
490,848
Page 33
nlinued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 AUGUST 2025
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
Bank loans (see note 191
Deposits held
1,697
29,552
12,231
45.152
31.249
57,383
19.
LOANS
An analysis of the maturity of loans is given below..
2025
2024
Amounts falling due wlhin one year on demand..
Bank loans
10,462
10,203
Amounts falling between one and two years..
Bank loans- 1-2 years
1,697
10.462
Amounts falling due between bNo and five years..
Bank loans- 2-5 years
1.769
20.
LEASING AGREEMENTS
Minimum lease payments under non-¢an¢ellable operating leases fall due as follows..
2025
2024
Wiihin one year
1.860
1,512
21.
MOVEMENT IN FUNDS
Nel
movement
in funds
Transfers
between
funds
Al
31.8.25
Al 1.9.24
Unrèstrlcted funds
General fund
Designated fixed asset fund
Designated repairs fund
289,704
1,151,164
35,386
57,171
138,7011
110,9911
13,991
13,0001
335,884
1.126,454
32.386
1,476,264
Endowmant funds
Prize funds
18,470
1,494,724
752
752
TOTAL FUNDS
1,477.006
18,470
1,495,476
Page 34
Continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 AUGUST 2025
21.
MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlctgd funds
General fund
Designated fixed asset fund
1,249,608
11,192,313)
138,7011
11241
57,171
{38.701)
1.249.608
11,231,014)
11241
18,470
TOTAL FUNDS
1.249.608
11,231,014)
{1241
18,470
Comparatlv&s for movamont in funds
Nel
movement
in funds
Transfers
between
funds
At
31.8.24
At 1.9.23
Unrestrlcted funds
General fund
Designated fixed asset fund
Designated repairs fund
172,910
1.145,164
198.486
{40,3061
{81.6921
46,306
35,386
289,704
1,151,164
35,386
1,318,074
158,180
1,476,254
Endowment funds
Prize funds
752
752
TOTAL FUNDS
1.318.826
158,180
1.477,006
Comparative nel movement in funds, included in the above are as follows..
Incomlng
resources
Resources
expended
Gains and
losses
Movem&nt
in funds
Unrestricted funds
General fund
Designated fixed asset fund
1,297.827
11,101,875)
140,3061
2.534
198,486
140,3061
1,297,827
(1.142.181)
2,534
158,180
TOTAL FUNDS
1,297,827
{1,142,1811
2,534
158,180
Page 35
continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnugd
FOR THE YEAR ENDED 31 AUGUST 2025
21.
MOVEMENT IN FUNDS- Continued
A current year 12 months and prior year 12 months combined position is 3$ follows..
Nel
movement
in funds
Transfers
between
funds
Al
31.8.25
At 1.9.23
Unrastrlctèd funds
General fund
Designated fixed asset fund
Designated repairs fund
172.910
1,145,164
255,657
179,0071
(92,6831
60,297
32,386
335,884
1,126,454
32,386
1.318,074
176,650
Endowment funds
Prize ftjnds
1,494.724
752
752
TOTAL FUNDS
1,318.826
176,650
1,495,476
A current year 12 months and prior year 12 months combined net movement in funds. included in the
above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrictad funds
General fund
Designated fixed asset fund
2,547,435
{2.294,1881
{79,0071
2.410
255,657
{79.0071
2,547,435
12,373.1951
2,410
176,650
TOTAL FUNDS
2,547.435
12,373,195)
2,410
176,650
22.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
Page 36

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 202S
2025
2024
INCOME AND ENDOWMENTS
Donatlons and legacies
Donations and sundry receipts
72.162
74,380
Investment incom
Investment income
7.822
6,803
ChaYltabl& activities
Fees and collection charges
Remissions
1.648,375
1478,751)
1,555,449
1338.8051
1,169,624
1,216,644
Total Incomlng resource$
1,249,808
1,297,827
EXPENDITURE
Support costs
Management
Wages
Rates and water
Light and heal
Telephone costs
Postage and stslionery
Sundries
Provisions
School books and materials
Repairs and renewals
Inspection Costs
Depreciation of freehold property
Depreciation of plant and machinery
808,026
35,579
49.729
10,195
55,188
95,141
64,305
24,241
35.290
3.169
21,705
16,996
764,882
29,789
32,859
10,883
49.316
68.445
65,455
28,888
38,454
2,000
21,710
18.596
1,219,564
1,131,277
Finance
Bank charges
Bank loan interest
1,093
373
1,008
696
1,466
1,704
Governance costs
Auditors, remuneration
9.984
9,200
This page does not form part ofthe stslulory financial slalemenls
Page 37

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2025
2025
2024
Total resources expended
1,231,014
1,142,181
Net incom&
18.594
155,646
This page does not form part of the siatulory financial statements
Page 38