REGISTERED COMPANY NUMBER.. 00539636 (England and Wales)
REGISTERED CHARITY NUMBER: 526609
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024
FOR
C.P.S. (PRESTON) LIMITED
Ainswofths Limited
Chartered Accountants
and Statutory Auditors
Chaner House
Siansfield Sireet
Nelson
Lancashire
BB9 9XY

C.P.S. (PRESTON) LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31ST AUGUST2024
Page
Report of the Trugtees
Report of the Indepettdent Auditors
9 to 12
Statement of FiThancial Aetivities
Balance Sheet
14
Cash Flow Statement
15
Notes to the Cash Flow Statement
16
Notes to the Financial Statements
17 to 26

C.P.S. {PRESTON) LIMITED
REPORT OF THF. TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2024
The trustees who are also directors of the cliarity for tlie purposes of the Conipaiiies Act 2006, pr¢sent tlieir rcport witli
the financial statements of the ¢harity for the year ended 31 st Augug12024. The irustees have adopted ihe provisions of
Accouniing and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin(T their
atcounis in accordance with the Financial Reptsrting Standard applicable in the UK and Republic of Ireland IFRS 1021
(effective l JaDUgry 20191.
Reference and administration details of the Charity* Its Trustees and Advisors
The Reference and Adminisiraiive infomation are set out at the end of this report. The financial statements comply with
cunent statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended
Practice applicable to charities.
OKIECTIVES AND ACTIVITIES
Objtetives and aimg
The objects of the charity are set out in paragraph 3 of the Memorandum of Association of the Company, the principal
objeciive being referred to as follows..
"The carying on of a school in the County of Lancashire, and the doing of all such other things as are incidenial or
conducive to the attainment of ihe above object.
In setting its objectives and planning its activities the Governors have given careful consideration to the Charity
Commissions general guidance on public benefit and in particular to its 5uppletnentary public benefit (Tuidance on
advancing education and on fee charging.
St Plus X Preparatory School was founded in 1955 by a group of Caiholit Preston businessmen. li is owned by CPS
(Preston) Limited, and is a non-profit making charitable tTU5t adrninistered by a board of governors. The s¢hool is a
member of the Independent A5suciation of Preparatory S¢hools and is recognised by the Depanment of Educaiion and
Employment. It is co-educational and has a Catholic foundation. but welcomes children of all denotninat10115 and faiths.
St Plus X has a tradition of academic excellence and is committed to nurturing and enhancing each child's academic and
social development. It is committed to safeguarding and promoting the welfare of lis pupils. The charity aims to
maintain its high standard of caring and academie success by eoniinuing the current level of quality teaching and
commitment by its staff.
The school provides a full nurserylprimarylpreparatory education foi children between the ages of 2 and I l years and
welcomes children from all backgrounds. It operate5 three departments.. EYFS, Key Staiye l and Key Stage 2. The total
number of chEldren on the roll in June 2024 was 118 (including Nursery).
The school is academitally successful, achieving a high pass rate to the area's leading state grammar schools and
independent schools with many pupi15 ga￿nIng top s¢holarships. The leaving cohort gained places to the senior schools
of their choice.
The school has a hiJts 5POrtin
profile, Coverin￿ a good numb¢r and wide range of sports for all children. Spon is played
cotnpetitively and at club level. The school also operates a number of clubs linked to arts. music, drama STEM and
Leadership ete.
Page I

C.P.S. IPRESTONI LIMITED
REPORT OFTHF. TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2024
Our eth05
C.P.S. (Preston) Limited is a charitable trust which seeks to benefii the public through the pursuit of its stated aims. Our
fees are set at a level io ensure the financial viability of the School and ai a level thai is consisieni with our aim of
providing a first clas5 education to boys and girls.
Our school welcomes pupils from all backurounds. To admit a prospective pupil, we need to be satisfied thai our school
will be able to educate and develop the pupil to the best of their potential. Entrance interviews and asse55ments are
undenaken to satisfy ourselves and parents that potential pupils can benefit from ihe education we provide. An
individual's economic status. gender. ethnicity, race, religion or disability do not fomi part of our assessment processes.
We are an equal oppottunity organisation and are committed to a working environmeni ihat is free from any form of
discrimination on the grounds of colour, race, ethnicity, reliuion, sex, Sexual orientation or di52bility. We will make
reasonable adjustments to meet the needs of employees or pupils who are or become disabled.
Our school is committed io safetsuarding and promoting the welfare of our pupils and expects all staff and volunteers to
share this commitment.
Publie benefit
The trustees are Confident that the charity offers services of real and practical use to the local populat20n and therefore
complies with the responsibility placed on all charities under the Charities Act 201 I to demonstrate a public benefit.
It 15 important to us that access to the education we offer is not restricted to those who can afford our fees. We believe
our pupils benefit from leaming within a diverse community. A great deal of learning occurs through social interaciion,
conversation and Shared experiences which helps our pupils develop an understanding of the perspectives of other
people that will b¢ vital in their adult lives.
The Trustees approved a bursary scheme (community award} which was introduced in September 2009. The award is
advertised each Spring and continues to benefit families who would not othenvise be able to afford the fees and
therefore access the educaiion otTered by Si. Plus X.
The trustees have paid due re￿ard to the guidance of the Charity Commission on Public Benefit in decidin(F what
activities the charity should undertake. The trustees are aware of their responsibilities in this respect. The bursary
scheme, referred to above, is intended to provide Public Benefit. The trustees intend to provide appropriate services and
facilities to comply with the 'Public Benefit" requireTnent5.
Details on amounts awarded ihrough the bursary scheme can be found in noie 4 to Ihe accounts.
Investrn¢nl policy
Under the memorandum and articles of association the eharity has the power to tnake any investments which the trustees
See fit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Board of GoveTnors would like to publicly acknowledue the dedicated contribution and professionalism of the
schools teachin¥F staff and significant contribution made by all of the ancillary staff without whom the school would not
have achieved the year's success. In November 2022 the Independent School Inspectorate assessed the Quality of
Educaiion and Compliance. They declared the 5¢hool to be'Excellent in All Areas,, and fully compliant.
PagJ¢ 2

C.P.S. {PRESTONI LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2024
Acadeinics
The academic year 2023124 showed ongoing and further success for our Year 6 pupils wilh outstanding results io
Grammar Schoo15 and Independent Senior Schools.
6 GrainmaF School places were achieved by our pupils
3 pupils, also passed the entrance exains to senior independent schools, and accepted those places.
Since September 2022 the school has further overhauled, extended and enriched the titnetabled curriculum
throughout the EYFS, Key Stage l and Key Stage 2 areas.
P¢rfonninu & Creative Arts
Many children play differeni musical instruments. All children currenily access at least 45 minutes of
music-related curriculum per week.
All Children leave St Plus evidencing a wide-ranging musi¢al awareness.
The school holds a Christmas Carol Service and an EYFSIKS l Nativity each year.
All children participate in public performances throuuhout the year, from our younL*esi pupil in the EYFS to
school leaver5 at the end of Key Stage 2. Inspiring teaching and dedicated staff has maintained this enrichment.
Drama. dance and poetry reciiation has been added to our aesthetics programme during the year for all pupils.
Productions exhibit an amalgamation of creative and perfortnini7 art5 skills. giving opportunities to all pupils
throughout the school. Since September 2021 the school has introduced a specific curriculum lesson of Speech &
Drama to enhance this provision.
Speech and Drama is a curriculum subject. This has been a huge success and our school is registered as an
examination centre for New Era Academy Drama and Music Exams for our children. Th¢ school freely provide5
the facility for our children and when required. local children from other schools. io take their ballet and musical
theatre Royal Ballet exams at our school.
ort & Outdoor Education
Our aim is to be all inclusive and offer Opiimum sportino opportunity io all children, along with health and
ritness ai all levels. Outdoor Education and Forest School have been successfully embedded.
The school continues to host football and netball matches and tournaments for independent and state school
children. The school provides the opportuniry for the children to go on 3-day tours io play against independent
and stale schools.
The School continued to implement Fitness and Wellbeing in the curriculum to lead on best practice in Mental &
Physical Health.
Younger and older Children participate in organised festivals and tournaments across the region, enabling a
healthy awareness of competitive skill5.
rhe school is currently investigating the opportuniry to apply for Independent Prep School of the Year.
Communi
Access
The school sees itself as part of the wider community - this is reflected in the provision of a heart defibrillator
attached to our property for the use ofby the ¥eneral public.
Our children frequently use the local area for investigative purposes as part of their studie5 - including urban and
natural environments. We are frequently seen in the Community visiting and singing carols for the nearby
COTnmunity of nuns and providing service and entertainment for the elderly in the area.
Chari
The school provides food for the Ingol (Preston) food bank (Share IT) twice a year as part of our Lenten Charity,
Christmas Shoe-Box Appeal and Cafod Harvest Charity.
The children hold a Chri5tma5 charity day and initiate their own stalls and fund-raising ideas to try to achieve
their targets for the school.. previously a new roof. new fumiiure. writing resources, statrprovision etc.
The school children choose their own charity io support - thi5 becotnes an anchored spotlight for specsfic
fundraising where delegates from each clas5 propose an aid-orgaiii5ation. After a rigorous election process, the
following ¢haritie5 were sUPPOrted chosen for the year 202312024.. NSPCC., Save the Children; Macmillan
Cancer Jeans for Genes and the Po
eal.
The school continues to develop each and every child's individual awareness of authentic Gospel value5. These
principles. woven together by loving God and neighbour, eiiables our charitable giving to become part of our
DNA - calling us to work towards the Common good.good.
Page 3

C.P.S. (PRESTON) LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2024
Additional
Children are also invited by the school to participaie in two separate residential sporr tours - football and netball
to experience different venues in and around the York area.
The Curriculum was enhanced bv the introduction of '4 Pillar5 of Learning,: Outdoor Education, Forest School,
Mindfulness, Sign Language all support our sirong Academic credentials.t.
FINANCIAL REVIEW
Finaneial position
The school has had a comparable year froin a financial perspective compared io previous years. The income has
ncreased, however due to the increases in national livino wage, the result is a deficit of £14i.JOO compared to £61,298
in the previous year.
The school has been experiencing a fall in pupil numbers in recent years but thi5 has now slowed. Retention and
reeruitmeni has improved, visits, applicatior15 and reqistration are beginninow to increase. The governors are very mindful
of the fall in pupil nutnbers overall and the need to reduce expenditure to compensate for this. They are currently
undertaking steps to address both of these issues. Remedial action on salaries, fee5 and expenditure were put in plac¢ to
reduce cosis for 2023124.
The governors are pleased to report that the school has a strong leadership structure in place. There is clearly now a
school with unified departments. with these departments IEYFS and Main School l-vl) being led by very
well-experienced manaijers.
This has allowed departmental budgets to be centralised providing better control.
It takes time for a new Head to settle into the runnino of the school and to work on the development plans and with the
new Direcior of Education, Ihe govemors are lotskin¥ towards a two-year period to consolidate this position and increase
school numbers.
The governors, development plan is to re-establish a two-form entry. This will, over a fiv¢-ye3r period, retum the
numbers in ihe school to where they should be to provide a stsble and successful school.
Th¢ school's fee colle¢tion policy has again proved to be satisfactory, however, the school ended the year with an
overdraft position of £124.922, an improveTnent from the overdraft last year of £167,170. The school has secured a bank
overdraft of £200,000 which is in place until May 2026, now reviewed annually. and we will be able to operate within
this.
Our Parents Assotiation wa5 dormant during the Pandemic but is now thriving and created a successful summer festival.
Family Discount5 Poliey
To underline the value placed on continuity for families, the Trustees offer discounts where parents have more than one
child in the school.
The Governors have resolved that from Sepiember 2016 onward5, they aTe pleased to offer discounts to members of staff
whose children wish to come to the school. Governors see this a5 a very positive move to both retain and attract new
leaching staff and at the saTne time extend the benefit to families who might otherwise not provide private education to
their children.
Page 4

C.P.S. {PRESTONI LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2024
FINANCIAL REVIEW
Reseri'es p(Trliey
The governors reoularly review the finances, budgets and spend against budget together with a monthly cash flow
analysis as part of the etTeciive stewardship of the School.
A5 Sho￿) on the Balance Sheet the free reserves are currently in deficit of £244,653. This is as a result of operating at a
deficii in receni years. Plans have been put in place to manage expendiiure for the forthcoining year. Whilst the reserves
are not of the level we seek to maintain, the trllste¢s consider that given th¢ strength of the charity'5 balance sheet, the
continued cash floiv from fees, and the banking faciliry, Ihe reserves are adequate in rhe short term. The rrustees are
however fully aware thai the level of free reserves, together with the reduction in pupil numbers, makes for a challenging
environment.
The govemors recognise that the level of reserves has reduced in recent years and arrangements are in place with our
bank to bridtre any short term deficits in cash flow.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by ils governing document. a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
The charity is a charitable company limited by guarantee and a re￿IStered charity ¥ovetned by its metnorandum and
article5 of association dated ?3 Octob¢r 1954, as atnended by special resolutions pass¢d 28 April 1955, 1 l December
1971 and 28 April 2020.
Recruitrnenl and appointment of new trustees
The Board of Trustees always seeks to appoint new members of the Board with skill sets appropriate for the needs of the
school.
Prospective trustees are invited to become members of ihe Board of Trustees. The prospeciive irusiees will almost
always will be selected from past parents. The prospective t￿Stee$ ar¢ interviewed by the Chairman or other existing
members of the Board to explain the responsibilities and commitment required of the trustees.
In the new financial year, the Board has invited nominations from parents and members of staff to appoint new
governor5. Auain, these petsple will be interviewed and their responsibilities explained in detail.
Training will be provided to prospective trusiees if they never had previous experience of such an appointment.
None of the trustee5 has any beneficial interest in the company. All of the trustees are members of the company and
guarantee io contribute £ l in the event of a winding up.
Page 5

C.P.S. IPRESTONI LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organi5ation and policies
Policies are detennined, from time to time. by the goveming body of the school, with regard to the Christian, moral,
educaiional. euliural, sporting and social activities of the School.
Like all educational establishmenis the school has certain defined policies which are required by its Inspectors and
Regulators. Policies are dia￿rt up within the school and then approved by the Head and Submitted to the Board of
Governors, which will approve those policies. Since ihere are many policies, rhe approval process is often passed dowry)
to the Committees, ￿here the Chair of Ehe Committees will approve the policy 10 then be ratified at the fvll Board
meeiing.
The school is organised and administered by a governing body consisting of the Board of Governors, comprising all the
trustees. The Board of Governors tneet5 three times a year. The trustees who &Te not director5 are appointed by the
Board. The Board of governors may approach individuals to act as trustees when vacancies 3rise or when it is
considered thai Ihe Board requires addiiional expenise in a particular area. Candidates are interviewed before being
appointed. Policies are in place for the induction and training of trustees through the provision of various documenis and
mentoring.
There are also committees responsible for finance, education and staff, grounds and property. and business operations,
ma￿a￿ed by smaller groups of governors reporting to the board at the termly meetings. The school is tnanaged and
administered by the Headteacher, and staff on a day-io-day basis, who are responsible io the goveming body.
Related parties
There weie no transaction5 Wlth any related paty other than the paJThent of key tnanagement personnel and trustee
indetnnity insurance.
Risk management
The trnstee% have assessed the major risks to which the charity is exposed. and are satisfied that systems are in place io
mitigate exposure to the major risks.
The main risk faced by the school are the uncertainties of the future school numbers since this 15 the major funding
source. Additional revenue streams continue to be explored.
The trustees are aware of this risk and monitor this on a regular basis in line with school numbers and produce forecasts
in ord¢r to d¢terniine the extent of risks in respect of future years. The economic climate currently has certainly affected
parents, abiliry to choose private school education and the School ha5 received a more than usual number of requests for
rinancial assistance under the school's bur5arylcoTnmunity fund provision. This is not an open ¢hequebook for parents
but occasionally there are some significantly deserving cases where the school is able to help with the provision of
school fees.
Trustees are constantly looking at ways of promoting the school, in particular the school's track record on entrance
success to senior schools which has been remarkably good over receni years.
The school ha5 enjoyed good liquidity of recent years though with the anticipated fall off of pupil numbers the trustees
have sought to mitigate ihe cashflow risk by seeking bank support as a short temi soluiion.
The Trustees have put in place policies concerning Health and Safety and in particular the risk to children's safety both
on site and from external sources.
The ￿h0o1 operates on a '5ecure peritneter" which protect5 children for the whole time they are at school.
REFERENCE AND ADMINISTRATIVE DETAILS
00539636 (England and Wales}
Page 6

C.P.S. (PRESTON) LIMITED
REPORT OF THF. TRUSTF.ES
FOR THE YEAR ENDED 31ST AUGUST 2024
Registered Charity number
526609
Registered office
Si Plus X Preparatory School
200 Gar5tdng Road
Fulwood
Preston
Lancashire
PR2 8RD
Trustees
T F Bashall * {resigned 20.11.2023)
D M Hurst (resigned 20.11.2023)
R Luthra ' (appointed 9.12.20?31
Y Low (appointed 19.12.20?31
V S Golhar ' (appointed 19.12.2023)
A trustee who is a director for the purpose of Companies House, is denoted wilh an '
following their name.
The directors of the charitable company are also trustees for the purpose of chariry law and throughout this report are
collectively referred to as the trustees. As set out in the Articles of A5s0ciaiion, the number of directors is limited to
three and these are elected by the members tsf the charity attending the Annual General Meeting. The directors retire by
rotation land being eligible ￿aY be re-¢le¢ted} at the Annual General Meeiing.
All INsiees give iheir time freely and no remuneration or expense5 were pa2d in the year. No trust¢e or person connected
with a trustee received any benefit froTn means tested awards.
Auditors
Ain5WOrths Litnited
Chanered Accountants
and Siatutory Audiiors
Charter House
Stansfield Street
Nelson
LancashiTe
BB9 9XY
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of C.P.S. (Preston) Limited for the purposes of cotnpany lawl are responsible for
preparints the Report of the Trustee5 and the financial statetnents in accordance with applicable law and United Kingdom
Accounting Standard5 (United Kingdom Generally Accepied Accounting Practice).
Company law requires the trustees io prepare financial statements for each financial year which give a true and fair view
of the state of affair5 of the charitable company and of the incoming resources and application of resources, including
the illcoine and expenditure, of the charitable company for ihai period. In preparing those financial stateTnentS, the
Irustees are required to
select Sultable accounting policies and then apply them consistently:
observe the methods and principles in the Chariry SORP.,
make judgements and esiimates thai are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate io presume that the charitable
Page 7

C.P.S. (PRESTON) LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued
Tlie trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at ajiy tiine
the financial position of the charitable company and to enable them 10 ensure Ihai Ihe financial staiements comply with
the Companies Act 2006. They are also respoiisible for safeguarding the assets of tlie charitable company and hence for
taking reasonable steps for ihe prevention and deieciion of fraud and other irregularities.
In so far as the trustees are aiyare..
there is no relevant audit infomation of which the charitable ¢ompany's auditor5 are unaware., and
the tn15tees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
inforniation and to establish that the auditors are aware of that information.
AUDITORS
The audiiors. Ainsworths Limited. will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of irustees on 12ih May 2025 and signed on its behalf by..
Y Low- Trustee
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
C.P.S. (PRESTON) LIMI ITED
Opinion
We have audited the financial statements of C.P.S. (Preston) Limited (the 'charitable company'l for the year ended
3 Isi Au¥ust 2024 which comprise the Statement of Financial Activities, the Balance Sheet, th¢ Cash Floiv Statement and
notes to tlie financial stateinents, including a sumn)ary of sigiiificdnt accountin¥ policies. The financial reporting
framework that has been applied in their preparation is applicablc law and United Kingdom Accountinu Standards
(United Kingdom Generally Accepted Accounting Practice}.
In our opinion the finttncial stateTnents'.
ive a true and fair view of the stale of the charitable company's affairs as at 31 si August 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended,.
have been properly prepared in accordance witli United Kinijdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standard5 on Auditing (UK) (ISAS (UK}} and applicable law.
Our responsibilities under those standard5 are further described in the Auditors, Tesponsibilities for the audit of the
rinancial statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statetnent5 in the UK. includints the FRC'5 Ethical Standard,
and we have fvifilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material uncertainty related to going concern
In auditing the financial staiements, we have concluded that the trustees, use of the going concem basis of accoutjting in
the preparation of Ihe financial statetnents is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast sitsnificanl doubt on the charitable COTnpany's ability to continue a5 a going
concem for a period of at least tw¢lve months from when the financial statements are auihorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant
sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the
Annual Report, other than the financial staiements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, ex¢ept to the extent othenvise
explicitly Stated in our report, we do not express any forni of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other inforniation and. in doing
so. consider whether the other infomiation Trs materially inconsisient with the financial staiements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencie5 or
apparent material misstatetnent5, we are required to determine whether this gives rise to a material Inisststement in the
linancial 5tatement5 themselves. If, bgsed on the work we have perfonned. we conclude that there is a maierial
misstatement of this other infomiation. we are required to report thai faci. We have nothing to report in this regard.
Opinions on other rnatler5 prescribed by the Companies Aet 2006
In our opinion, based on the work undertaken in ihe course of the audit..
the infonnation given in the Report of the Trustees for the financial year for whi¢h the financial statements are
prepared is consistent witli the financial statements; and
the Report of the Trustees has been prepared in accordance with applitable legal requirements.
Pa¥e 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
C.P.S. (PRESTON) LIMITED
Matters on whicb we are required to report bv exeeption
In the light ot the knowledtse and understandine of the charitable tompany and its environment obtained in the course of
the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 require5 US to report to you
if. in our opinion..
adequate accounting records have noi been kept or rerums adequate for our audit have noi been received from
branches not visited by us. or
the financial statements are not in agreement with Ihe accounting records and returns: or
certain disclosures of irustees. remuneration specified by law are not made,. or
we have not received all the snformation and explanations we require for our audit; or
the trustees were not entitled to take advaniage ot ihe small companies exemption from the requirement io prepare a
Strategic Report or in preparing the Report of the Trustees.
Responsibilities ol trustees
As explained tnore fully I￿ the Statement of Trustees, Responsibiliti¢s, the trustees (who are a15Q the directors of the
charitable conipany for the purposes of company law) are responsible for the preparaiion of the financial statemenis and
for being satlsfied thai Ihey give a irue and fair view, and for such internal control as the trustees detemiine is necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial Statements, the trustees are responsible for assessinu the charitable company'5 ability tg
continue as a going Concern. disclosin
a5 applicable, matter5 related to going concern and using the going concern
basi5 of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have
no realistic alternative bur to do so.
Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
C.P.S. {PRESTON) LIMITED
Our responsibilitie5 for the audit of the financial Statements
Ollr objectives are to obtain reasonable c15surance about whether the financial statemeiits as a whole are free from
maierial misstaiement, whether due to fraud or error, and to issue a Report of the Independent Audiiors that includes our
opiiTrioii. Reasonable assurance is a high level of (15sufdnLe, bul is not a ¥uarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material tnisstateinent when it exists. Misstatements ¢an arise from fraud or error
and are considered material if, individually or in rhe aggregate, Ihey could reasonably be expected to influence the
economic decisions of users taken on the basis of these Iinancial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Based on our understanding of the charity and the nature of the sector in which it operates, we have identified that ihe
principal risk5 of non-compliance with laws and regulaiions related to. but were not limited to. the Companies Act 2006
and tax legislation.
We have evaluclted manaueinent's incentives and opportuniiies for fraudulent manipulation of the financial statements
{including the risk of override of controls) and deteTmined that the principal risk was related to inappropriate assessment
of going concem and inappropriate journal entries. Our audit procedures designed io address these risks included. but
were not limited to..
Enquires wilh management. regarding any known or suspected instances of non-cornpliance with laws and
regulations, and fraud.,
Agreement of the financial statement disclosures to the underlying supporting documentation.
Perforniing analytical procedure5 to identify any unusual or unexpected relationships that may indicate risk of
material mi5Statement due to fraud,.
Challenging assumptions and judgements made by manatsernent in particular within the￿r significant accounting
estimates and going concem assessments;
Auditints the risk of management override of controls, through the testing ofjoumal entries and other adjustments
for appropriateness. and
Reviewing minuies of meetings of those charged with govemance.
Our audit procedures were designed to respond to risks of maierial misstatement in the financial statements, recognising
that the risk of not detecting a material misstatement due to fraud is hioher than the risk of not detecting one resulting
from error, as fraud may involve concealment by rnisrepresentations or through collusion. There are inherent limitations
in the audit procedures performed, and the further removed the non-compliance with law5 and regulations is from the
events and transactions reflected in ihe financial statements, the less likely we are to becoTne aware of it.
A further description of our responsibilities for the audit of the financial statements is locaied on the Financial Reporting
Council's website at www.frc.org.uklaudiiorsresponsibilities. This description fom15 part of our Report of the
Independent Auditors.
Page I I

REPORT OF THE INDEPENDF.NT AUDITORS TO THE MEMBERS OF
C.P.S. (PRESTON} LIMITED
Use ol our report
This report is niade solely to the charitable company's members, as a bodv, in accordance with Chapier 3 of Part 16 of
the Coinpanies Act 2006. Our audit work has been undertaken 50 that w'e mi(Tht state to the charitable comp&ny'5
members those matters we are required to staic to them in an audiiors, report and for no oiher purpose. To Ihe fullesi
extent permitted by law, we do not accept or assume responsibility to anjone other than the char￿table company and the
charitable company's members as a body. for our audit work, for this report, or for the opinions we have formed.
Mark Sunter FCA (Senior sta￿tOry Auditor)
for and on behalf of Ainsworths Limited
Chartered Accountants
and Statutory Auditors
Charter House
Siansfield Sireei
Nelson
Lancashire
BB9 9XY
12th May 2025
Page 12

C.P.S. IPRESTONI LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDF,D 31ST AUGUST 2024
31.8.24
Total
lunds
31.8.23
Total
funds
Unrestricted
fund
DesibFnated
Funds
Restricted
fund
Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
30
30
1,000
Charitable activities
Educational
944,368
186.407
1.130.775
1.118,160
Other trading activities
13,835
13,835
10,795
Total
958,233
186.407
1,144,640
1.129,955
EXPENDITURE ON
Charitable activities
Educational
1,043,740
57.793
186.407
1.287,940
1,191,253
NET
INCOMEI{EXPENDITURE)
Transfers between funds
{85,$07)
(5,768)
(57.793)
5,768
(143 JOO)
{61,298)
19
iyet movement in funds
(91,275)
152,025)
{143,300)
(61,2981
RECONCILIATION OF
FUNDS
Total funds brought forward
(353,196)
1,245,097
891,901
953,199
TOTAL FUNDS CARRIED
FORWARD
{444,471)
1,193,072
748.601
891,901
The notes fomi part of these financial Statements
Page 13

C.P.S. {PRESTONI LIMITED
BALANCE SHEET
31ST AUGUST 2024
31.8.24
Total
funds
31.8.23
Total
funds
Unresiritted
fund
Designated
Funds
Restricted
fund
Noies
FIXED ASSETS
Tangible as5et5
12
1,193,072
,193,072
1,245,097
CURRENT ASSETS
Debiors
Cash at bank and in hand
13
78.139
391
78,139
391
83,311
391
78,530
78,530
83,702
CREDITORS
Amtsunt5 falling due within one
year
14
{490.954)
(490,954)
1404,851)
NET CURRENT
ASSETSI(LIABILITIES)
(412,424)
1412,424)
{321,149}
TOTAL ASSETS LESS
CURRENT LIABILITIES
{412,424)
1,193,072
780,648
923.948
CREDITORS
Amounts fallino due after more
than one year
(32,047)
(32,047}
(32,047)
NET ASSETS
1444,4711
1,193,072
748,601
891,901
FUNDS
Unrestricted funds..
General fund
Property asset fund
19
(444,471)
,193,072
1353,196)
1,245.097
748.601
891.901
TOTAL FUNDS
748,601
891.901
These financial ststements have been prepared in accordance with the provisions applicable to chariiable companies
subject to the sm211 ctstnpanies regime.
The financial staiements were approved by the Board of Trustees and authorised for issue on 12th May 2025 and were
signed on its behalf by..
The notes form part of ihese financial statements
Page 14

C.P.S. (PRESTON) LIMITED
CASH FLOW STATF.MENT
FOR THE YEAR ENDED 31ST AUGUST 2024
31.8.24
Notes
Cash flows from operating activities
Cash generated from operations
Interest paid
48,796
{780)
141,130)
1729)
Net cash provided byllused inl operating activities
48.016
(41,859)
Cash flows frotn iNve5ting activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
(5.768)
{13,571)
13,189
Net cash used in investing activities
{5.768)
(382)
Cash flows frotN financing activities
Loan repayments in year
18,1451
Net cash provided byl(used inl financing a¢tivities
(8,145)
Change in cash and eash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
42.248
(50,386)
(166.779)
(116,393)
Cash and cash equivalents at the end of
the reporting period
(124.531)
{166,779)
The notes fortn part of these flnancial siatements
Page 15

C.P.S. (PRESTON) LIMITED
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST AUGUST 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.8.24
31.8.23
Net expenditure for the reporting period {as per the Statement of
Financial Activities)
Adjustments for:
Depreciaiion charges
Profit on disposal of fixed assets
Interest paid
Decreasel{increase) in debtors
Increa5el{decrease) in creditors
(143,300)
{61.298)
57,793
60,612
(13,189)
729
19,195}
(18,7891
780
5,172
128,351
Net cash provided byl(used in) operations
48,796
141.130)
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.8.24
31.8.23
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
107
284
{124,922)
107
284
(167,1701
Total cash and cash equivalents
(124.531)
(166,779)
ANALYSIS OF CHANGES IN NET DEBT
At 1.9.23
Cash flow
At 31.8.24
Net eash
Cash at bank and in hand
Bank overdraft
391
(167,170)
391
(124.922)
42,248
1166,779)
42,248
{124,531)
Debt
Debts fallin￿ due w'ithin l year
Debis falling due after l year
11,3991
(32.0471
(386)
(1,7851
132,047)
{33,446)
1386)
133,832)
Total
1200,225)
41,862
(158,363)
The notes fomi part of these financial statements
Page 16

C.P.S. {PRESTONI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Foli THE YEAR ENDED 31ST AUGUST 2024
ACCOUNTING POLICIES
Ba515 of preparing the financial statements
The financial statements of the chariiable company, which is a public benefit entity under FRS 102, have been
prepared in accordance wilh the Charities SORP IFRS I O?) 'Accounting and Reporting by Chariiies.. Siatemeni
of R¢commended Practice applicable to charities preparing their accounrs in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019),.
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and ihe Companies Act 2006. The financial staiements have been prepared under the historical cost
conveniion. as modified by the revaluation of certain assets.
Going eoneerft
As described in the Trustees Report. the school has had a dilTicult financial year. resulting in a net deficEt of
£14i,300 (2023.. £61.298). Steps have been and continue to be taken io address this issue. The School has net
cu￿ent liabilities of £412.424 (20?3.. £321,149}.
The trustees have prepared annual forecasts covering to 31 st August 2026. At the time of approving the financial
statements, the forecast to 31 st August 2026 demonstrate that the trustee5 have a reasonable expectation that the
charitable COTnpany has adequate resouice5 to continue in operational existence for the foreseeable future,
subj¢ct to the continued support of the bank in the fomi of an overdiaft. The trustees contEnue to adopt the going
concern basis of accounting in preparing the financial statement5.
Critical aecounting judgeEnent5 and key sources of estlmation uncertainty
Preparaiion of the financial statements requires management to make significant judgemenis and estimates. The
main area of estimation is in respect of the useful lives of fixed asseis. The depreciation lates used can be
identified tn Ehe fixed asset accounting policy below.
Ineom¢
All income is recognised in the Statement of Financial Activitses once the charity has entitlement to the funds. it
is probable that the in¢ome will be received and the amollnt ¢an be measured reliably.
Income from charitable activities comprises school fees. net of community awards, and related receipis
accounted for in the period in which the service is provided. Fees for education to be provided in the next
academic year are ca￿led forward as deferred income in the balance sheet.
Donations are re¢ogni5ed on receipt. Income tax recoverable in relation to donations received under Gift Aid or
deeds of covenant 3r¢ recognised at the titne of donation.
Investment income is recognised on a receivable basis.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constNciive obligation comtnitting the
charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and
the amouni of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where cosis cannot be directly
attributed to particular headings they have b¢en allocated to activities on a basis consistent with the use of
resources.
Governance costs
Governance costs comprise the costs of running the charitable cotnpany. including straiegic planning for its
ture development, external audit, and all the costs Of complying with consiitutional and statutory requirements,
sueh a5 COSt5 of Governors meeiings and of preparing the statutory accounts and satisfying public accountability.
Allocation apportionrnent of costs
Support costs and govemance costs have been allocated to charitable activities as there 15 only one main activity
undertaken by ihe charity.
Page 17
continued...

C.P.S. (PRESTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS- eontinued
FOR THE YEAR ENDED 31ST AUGUST 2024
ACCOUNTING POLICIES- continued
Tangible fixed 8ssets
Depreciation is provided at the following annual rate5 in order to write off each asset over its estimated useful
Freehold property
Plant and machinery
Motor vehicles
IOQ/o OTi C05t and 2Q/D on cost
330/0 on cost, 200/0 on cost and 15 /0 on cost
25 /0 on cost
Tangible assets are included in the balance sheet at cost or at market value at the date of gift (if assets are gifted),
except for freehold properry which is included at market value as at 27th February 1990 together with any
additions at CO91 since the valuation date. Assets with a value of less then £500 are not capitalised. Freehold land
15 not depreciated.
Taxation
The charitable company is exempi from corporation tax on its charitable activiiies.
Fund accounting
Unrestricted fvnds Can be used in accordance with the charitable objective5 at the discretion of the trnste¢s.
Restricted funds can only be used for particular restricted purposes within the objetis of the charity. Restrictions
arise when specified by the donor or when fijnds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to ihe financial staiements.
Pension Costs And other p05t-retirem¢nt benefi¢5
The charitable company operates a defined contribuiion pension scheme. Contributions payable to the charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
The chariiable company only has financ￿27 assets {debtors, cash and bank balances) and financial liabilities
{creditor5 and accrua15) of a kind that qualify as basic financial instruments. Basic financial instruments are
initially recognised at transaction value and subsequently measured at their settlement value.
DONATIONS AND LEGACIES
31.8.24
31.8.23
Donations
30
1,000
Page 18
continued...

C.P.S. (PRESTON) LIMITED
NOTF.S TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST AUGUST 2024
OTHER TRADING ACTIVITIES
31.8.24
31.8.23
Unifomi sales
Hire of facilities
Other income
3,572
8,588
,675
879
2,750
7,166
13,835
10,795
INCOME FROM CHARITABLE ACTIVITIES
31.8.24
31.8.23
Activity
Educational
Educational
Gross fees
Less.. Community awards
1,167,079
(36,304)
1,146,979
128,8191
,130,775
CHARITABLE ACTIVITIES COSTS
Direct
Costs {see
note 61
Sllpport
osts (se¢
note 7)
Totals
Educational
1,125,413
162,527
1,287.940
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.8.24
31.8.23
Staff costs
Rates and water
Insurance
Lighi and heat
Telephone
Postage and stationery
Advertising
Sundries
Educational supplies
Repairs and renewals
Technology costs
Motor expenses
Caiering costs
Bad debts
Depreciation
Loss on sale of assets
705J84
15,976
36,499
47,803
9,418
6,644
14,403
8.620
73,670
75.619
18,556
19J15
36,648
{93SI
57.793
55i,946
13,453
36,470
36.095
6,302
6,941
3,680
6,874
99,522
104,223
30.435
17,881
40.016
8.472
60,612
{13,189)
1,125,413
1,011,733
Page 19
continued...

C.P.S. {PRESTON) LIMITED
NOTES TO THE FINAf4ciAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST AUGUST 2024
SUPPORT COSTS
Governance
costs
Management
Finance
Totals
Educational
127,897
17,946
16,684
162,527
Support costs, included in the above. are as follows..
Management
31.8.24
31.8.23
Total
Educational
Wages
Social security
Pensions
114,2S3
7,645
5,999
123,624
12,681
8,880
127,897
145,185
Finance
31.8.24
31.8.23
Total
Educational
Bank charges
Bank loan interest
17,166
780
7,352
729
17,946
8,081
Governance costs
31.8.24
31.8.23
Totsl
activities
Educational
Audiiors, remuneration
Professional and legal fees
io,soo
6.184
10.500
15,754
16,684
26,254
Page 20
continued...

C.P.S. (PRESTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS- eontinueij
FOR THE YEAR ENDED 31ST AUGUST 2024
NET INCOMEIIEXPENDITUREI
Net income/(e¥penditure) is siaied after charging{crediting)'.
31.8.24
31.8.23
Auditors, remuneration
Depreciation - O￿led assets
Surplus on disposal of fixed assets
10,soo
57,793
10,500
60,612
(13,189)
TRUSTEES, REMUNERATION AND BENEFITS
There were no twstees, remuneration or other benefiis for the year ended 3 Isi Auoust 2024 nor for the year
ended 31 st August 20?3.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31st August 2024 nor for the year ended
31 st August 2023.
10.
STAFF COSTS
31.8.24
31.8.23
Wages and salarie5
Social security costs
Other pension costs
739,604
59,753
33.924
622.349
46,462
833,281
699,131
Th¢ average monthly number of employees during the year was as follows..
31.8.24
29
31.8.23
24
Teachers and assistants
Administration
Domestic
35
30
No employe¢s received emolumenis in excess of £60,000.
Page21
continued...

C.P.S. (PRESTON) LIMITED
NOTES TO THE FINANCIAL STATEMF.NTS- eontinued
FOR THE YEAR ENDED JIST AUGUST 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unresiricied
Designated
fund
Fund5
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,000
1.000
Charitable activities
Educational
1,010,373
107.787
Other trdding aetiviiies
10,795
10.795
Total
1,022,168
107,787
1,129,955
EXPENDITURE ON
Charitable activities
Educational
1,022,854
60.612
107.787
,191,253
NET INCOME/{EXPENDITUREI
Transfer5 between funds
{686)
(13,571)
(60,612)
13,571
(61,2981
Net movement in funds
(14,257)
(47,041)
161.298)
RECONCILIATION OF FUNDS
Total funds broughi forward
(338,9391
1,292.138
953,199
TOTAL FUNDS CARRIED FORWARD
1353,196)
1.245,097
891,901
12.
TANGIBLE FIXED ASSETS
Freehold
property
Plant and
machinery
Motor
vehicles
Totals
COST
At 1st September 2023
Additions
2.528.793
288,124
5,768
346
2,817.263
5,768
At 3 1st August 2024
2,S28,793
293,892
346
2.823,031
DEPRECIATION
At Isi Sepiember 2023
Charge for year
,299.416
51,687
272.404
6.106
346
,572,166
57,793
At 3 1st August 2024
1,351,103
278,510
340
,629.959
NET BOOK VALUE
Ai 31 st August 2024
1,177,690
15,382
1,193,072
At 315t August 2023
1,229.377
15.720
1.245.097
Included in tost or valuation of land and buildings is freehold land of £400,000 {2023 £400,000) which is noi
depreciated.
Page 22
continued...

C.P.S. {PRESTON} LIMITED
NOTES TO THE FINANCIAL STATEMF,NTS- continued
FOR THE YEAR ENDED 31ST AUGUST 2024
12.
TANGIBLE FIXED ASSETS- eontinued
The bank holds a legal charge over the freehold land and building5, although there is no loan or mortgage
outstanding to the bank. The freehold property was revalued at market value on 27th February 1990 by Hurst
Dean Ainsworth Kevill, Chartered Surveyors. The charity elected 10 use the valuation as deemed cost on
trdllsltion to FRS102. Additions since the date of valuation have been included at cost.
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24
31.8.23
Trade debtors
Oiher debiors
Prepayments and accrued income
36,957
119
41,063
45,852
37,340
78.139
83,311
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24
Bank loans and overdrafts {see note 161
Trade creditors
Social security 2nd other taxes
Other creditors
Accruals and deferred income
126.707
48,618
74,899
2,110
238,620
168,569
39.535
36,202
3,359
157,186
490,954
404,851
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24
31.8.23
Bank loans (see note 16)
Other loans (see note 16}
29,342
2,705
29,342
2,705
32,047
32,047
16.
LOANS
An analysis of the maturity of loans is given below..
31.8.24
31.8.23
Amounts falling due within one year on demand..
Bank overdrafts
Bank loans
124,922
,785
167,170
1,399
126,707
168,569
Amounts fallin¥ between one and two years..
Bank loans - 1-2 year5
10,037
10,037
Page 23
continued...

C.P.S. (PRESTON} LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continutd
FOR THE YEAR ENDED 31ST AUGUST 2024
16.
LOANS- eontinued
31.8.24
Amounts falling due between two and five years..
Bank loans- 2-5 years
19 J05
19,305
Amounts fallin¥ due in more than five years..
Repayable otherwise than by instalments..
Other loans mor¢ Sys non-inst
2,705
2,705
The RBS bank loan is guaranteed by ihe UK Govemment under the Bounce Bank Loan Scheme.
17.
LEASING AGREEMENTS
Minimutn lease payments under non-cancellable operating leases fall due as follows..
31.8.24
31.8.23
Within one year
Berween one and five years
17 J37
24.048
18,892
37.155
41,385
56,047
18.
SECURED DEBTS
The following secllred debts are included within creditors..
31.8.24
31.8.23
Bank overdrafts
124,922
167,170
The bank hold5 a freehold 1st legal charge over the land and buildin(Ts known as 200 Garstang Road to secure
the overdraft.
19,
MOVEMENT IN FUNDS
Net
movement
in fvnds
Transfers
between
funds
At
31.8.24
At 1.9.23
UNrestrieted funds
General fund
Property asset fund
(353,196)
1,245.097
(85,507)
{57,7931
{5,768)
5,768
(444,4711
1,193,072
891,901
{143 JOOI
748,601
TOTAL FUNDS
891,901
{143JOO)
748.601
Page 24
eoniinued...

C.P.S. {PRESTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST AUGUST 2024
19.
MOVEMENT IN FUNDS- continued
Net tnovement fund5. included in the above are as follows..
Inctsming
resources
Resources
expended
Movement
in funds
Unrestricted fund5
General fund
Property asset fund
958,233
{1,043.740)
(57,793)
(85.507)
(57.793)
958.233
(1,101,533)
(143,3001
Restricted funds
Education, Health and Care Plat)
186,407
{186.407)
TOTAL FUNDS
.144,640
(1,287.940)
(143,300)
Comparatives for movetnent in funds
Net
movement
in funds
Transfers
between
funds
At
31.8.23
At 1.9.22
Unrestrtcted fund5
General fund
Property asset fund
(338,939)
1,292.138
{6861
160,6121
{13.571}
(353,1961
1,245,097
953,199
{61,298)
891.901
TOTAL FUNDS
953,199
(61,298)
891,901
Comparative net movement in funds. included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unre5trieted funds
General fund
Property asset fund
1,022.168
(1,022.854}
{60,61 ?)
{6861
160.61 ?)
1,022.168
{1.083.4661
161,2981
Re5tri¢ted fund5
Education, Health and Care Plan
107,787
{107,787)
TOTAL FUNDS
.129,955
{61,298)
Pa¥e 25
continued.

C.P.S. {PRESTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS- eontinued
FOR THE YEAR ENDED 31ST AUGUST 2024
19.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months cotnbined position is as follows..
Nei
moveinent
in funds
Transfers
between
funds
At
31.8.24
At 1.9.22
Unrestricted funds
General fund
Property asset fund
(3J8.9i91
1 ?92,lj8
{86,19i)
1118,405)
(19,3i9)
19,3i9
(444.4711
1,19i,072
953.199
{204,598)
748,601
TOTAL FUNDS
953,199
(204.5981
748,601
A current year 12 monihs and prior year 12 months combined net movement in funds, included in the above are
as follows..
Incomin¥
resources
Resources
expended
Movement
in funds
Unrestricte(I funds
General fund
Propety asset ￿nd
1,980,401
(2,066,594)
1118.4051
(86,193)
1118,405)
1,980,401
{2,184.9991
{204,598}
R¢5tricted funds
Educaiion. Health and Care Plan
294,194
1294,194)
TOTAL FUNDS
2,274,595
(2,479,193)
(204.598)
20.
RELATED PARTY DISCLOSURES
There were no rela￿d party transactions for the year ended 315t Augll5t 2024.
Pa¥e 26