Registered number: 00880309 Charity number: 527181
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Governors' Report and Financial Statements
For the year ended 31 August 2024
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Contents
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Governors and advisers | 1 - 2 |
| Governors' report | 3 - 5 |
| Independent auditor's report on the financial statements | 6 - 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 20 |
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Reference and Administrative Details of the Charity, its Governors and Advisers For the year ended 31 August 2024
| Chairman | D J Lewis |
|---|---|
| Members | V L Barnatt |
| M Pallot | |
| R J Withers (resigned 16 November 2023) | |
| S J Greig BEng (Hons) FCMI (appointed 10 April 2024) | |
| Company registered number 00880309 Charity registered number 527181 Registered office 11a High Street Repton Derby Derbyshire DE65 6GE Clerk to the Governing Body L Barnes Headteacher K Lebihan BA (Hons) Independent auditor Bates Weston Audit Ltd Statutory Auditors Chartered Accountants The Mills Canal Street Derby DE1 2RJ Bankers National Westminster Bank Plc Crompton House Derwent Street Derby DE1 2ZG Solicitors Foot Anstey LLP 2 Glass Wharf Bristol BS2 0EL Stone King LLP Boundary House 91 Charterhouse Street London EC1M 6HR |
Page 1
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Reference and Administrative Details of the Charity, its Governors and Advisers (continued) For the year ended 31 August 2024
| Surveyors | Fisher German |
|---|---|
| The Estates Office | |
| Ivanhoe Business Park | |
| Ashby De La Zouch | |
| Leicestershire | |
| LE65 2UZ | |
| Insurance Brokers | P J Frankland Limited |
| Oxford House | |
| Stanier Way | |
| The Wyvern | |
| Derby | |
| DE21 6BF | |
| Accountants | Bates Weston LLP |
| Chartered Accountants | |
| The Mills | |
| Canal Street | |
| Derby | |
| DE1 2RJ |
Page 2
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Governors' Report For the year ended 31 August 2024
The Governors (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of Repton School (the Charity) for the year ended 31 August 2024. The Governors confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2019.
Charitable objects
The school’s principle objective is to further the education of children and young persons. The principal activity is the provision of academic education enabling our pupils to go out into the world and thrive. Intellectually, physically, and emotionally prepared for the known and unknown; eager and equipped to achieve their full potential - whatever life holds.
Our core values are:
-
Respect founded on a deep regard for common humanity in each other.
-
Wholeness of the person in moral, intellectual, social and physical endeavours.
-
Truth: The goal of a life-long process of learning.
-
Excellence as an aspiration for all, in every pursuit, both individual and collaborative.
Achievements and performance
St Wystan’s School is an independent preparatory school in Repton, Derbyshire for children from ages 4 to 11 years. Characterised by small class sizes and a friendly, family feel, the School has an excellent reputation not only academically but also for its pastoral and co-curricular provision. We are a nurturing School, with a wide offer to all pupils. St Wystan’s remains an independent entity with its own Governing Body and Head, as part of the Repton Family of Schools. As a School, we have a strong working relationship with Repton School and this has benefited our pupils. The average number of pupils throughout the academic year 2023-2024 was 75.
We have had another successful year at St Wystan’s schools. The eldest children in our School worked incredibly hard during the Autumn term to prepare for assessments at a wide range of senior schools. Our pupils were offered places at every school they sat for - another year of 100% success. Despite only being a small class, two scholarships were received, for pupils going on to Derby Grammar School and Denstone College.
Music, sports and the arts have continued to go from strength to strength. This year our sporting success has continued to grow. The academic year began with the regional ISA swimming gala at Walsall Baths. After some fantastic swims, St Wystan's came away as overall team winners for Y5 and Y4 boy's category. From this, three pupils qualified to represent the Midlands at the ISA National Swimming gala at the Olympic Pool in London, coming away with 5 medals between them. Our U9 mixed netball team won gold and were undefeated at the ISA Midlands tournament in March, our football teams had some of their best victories to date and we enjoyed entering into our first tri golf event. Our cricket teams continued to succeed and perform well at a regional level and our extra-curricular activities are becoming increasingly popular between pupils of all ages. We continue to be considered a strong sporting school in the ISA community.
Several musical events have taken place over the year which have provided our pupils with some excellent experiences and opportunities. Prep pupils were invited to watch a concert performed by the City of Birmingham Symphony Orchestra at Symphony Hall, Pre-Prep performed in their very first musical showcase and Forms 5 and 6 had a day of musical workshops at Denston College. The pupils have delighted in performing in our numerous annual events, and we still await ‘Pantastic!’ which Prep will soon be performing in the 400 Hall. The additional of three peripatetic teachers, teaching drums, brass and guitar have further enhanced our musical offer, with many additional pupils taking up an instrument.
Page 3
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Governors' Report (continued) For the year ended 31 August 2024
Charitable fundraising and Corporate Donations
As always, we encourage our pupils to be involved in charity outreach and have had many whole school incentives this academic year. We are extremely proud of their contribution to a wide range of charities, with money raised for Children in Need, Royal Legion, Dogs Trust, NSPCC, Comic Relief and the Red Cross. Our harvest festival contribution was welcomed by the Padley Group, in Burton. A phenomenal amount of work went into our fund raising, and much of it was led by our very own charity ambassadors.
Financial review
The statement of financial activities shows total income of £835,537 (2023: £792,618) a increase of £42,919.
Overall expenditure at £823,329 (2023: £792,528) was an increase of £30,801 on prior year due to increased staff costs.
The school made a net surplus of £12,208 (2023: £90).
Key performance indicators are related to the level of pupils attending the school, in particular fee income per pupil, and adherence to the budgets set. The achievement of pupils is another indicator of school performance. The trustees are happy with the achievements of pupils. The trustees are aware of the drop in the level of pupils attending the school and are taking measures to address this. The new management team have been in place almost a year and are making significant progress in all areas. Financial services are now provided by the Repton finance function – including both operational finance and more strategic financial planning and support. A clear vision is in place to ensure increased pupil numbers for the future.
Reserves policy
As at 31 August 2024, the charity's reserves stood at £25,354 (2023: £13,146).
Reserves need to be maintained at a sufficient level to enable the charity to achieve its future educational goals and safeguard the Charity's assets.
The trustees are aware of the need to continue to increase future reserves and have therefore set a budget to reflect this for the 2024/25 academic year.
Going concern
Costs are continually being monitored and have been reduced where possible. Forecast results for the year ended 31 August 2025 show the school should make a small surplus before deprecation is charged.
Sensible expenditure on ongoing maintenance of the school continues, with classroom upgrades to ensure a safe and attractive learning and work environment for staff and pupils. School operation continues to receive support from Repton.
Structure, governance and management
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The school is part of the Repton family.
The Board of Trustees appoints the Head who in turn appoints the staff for the school. The Senior Leadership team comprises the Head, Deputy Head and Operations Manager. Together with support from various departments at Repton. This team are responsible for the day-to-day running of the school. The Managing Director of the Repton Family of Schools sits on the Governing Body of the school.
Page 4
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Governors' Report (continued) For the year ended 31 August 2024
A scheme of delegation is in place which sets out the roles and responsibilities of the Executive team and those of the Governing Body. Operating and service agreements set out the relationship between and support available from Repton.
The arrangement for setting remuneration packages of key management personal and other staff takes the form of an annual review performed by the finance committee which will in turn be approved by the Trustees. The review where applicable is guided in part by the NASUWT main scale rates for teachers.
The Trustees have a duty to identify and review the risks to which the school is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the members of the board of Governors and signed on their behalf by:
M Pallot
Date: 20 March 2025
Page 5
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Independent Auditor's Report to the Members of St. Wystan's School
Opinion
We have audited the financial statements of St. Wystan's School (the 'charity') for the year ended 31 August 2024 which comprise the Statement of financial activities, the Balance sheet, and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 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 with United Kingdom 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 Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial 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 statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled 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.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Governors' use of the going concern basis of accounting in the preparation of the financial statements 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 significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Governors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Page 6
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Independent Auditor's Report to the Members of St. Wystan's School (continued)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Governors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
-
the Governors' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Governors' Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to 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; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of Governors' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the Governors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Governors' Report and from the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Governors' responsibilities statement, the Governors (who are also the directors of the charitable company for the purposes of company law) 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 Governors determine 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 Governors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to 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 with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the Charity and industry in which it operates, we also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and Charities Act 2011. Audit procedures performed by the engagement team included:
- Enquiry of management around actual and potential litigation and claims;
Page 7
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Independent Auditor's Report to the Members of St. Wystan's School (continued)
-
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
-
Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
Use of our report
This report is made solely 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 state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Wayne Thomas FCA (Senior Statutory Auditor)
for and on behalf of
Bates Weston Audit Ltd
Statutory Auditors Chartered Accountants The Mills Canal Street Derby DE1 2RJ
22 May 2025
Page 8
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Statement of financial activities (incorporating income and expenditure account) For the year ended 31 August 2024
| Note Income from: Charitable activities 2 Total income Expenditure on: Charitable activities 3 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 835,537 835,537 823,329 823,329 12,208 13,146 12,208 25,354 |
Total funds 2024 £ 835,537 835,537 823,329 823,329 12,208 13,146 12,208 25,354 |
Total funds 2023 £ 792,618 |
|---|---|---|---|
| 792,618 | |||
| 792,528 | |||
| 792,528 | |||
| 90 | |||
| 13,056 90 |
|||
| 13,146 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 20 form part of these financial statements.
Page 9
ST. WYSTAN'S SCHOOL
(A company limited by guarantee) Registered number: 00880309
Balance Sheet As at 31 August 2024
| Note Fixed assets Tangible assets 8 Current assets Stocks Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets / liabilites Total assets less current liabilities Creditors: amounts falling due after more than one year 11 Total net assets Charity funds Unrestricted funds 12 Total funds |
3,717 97,007 316,827 417,551 (385,575) |
2024 £ 82,950 82,950 31,976 114,926 (89,572) 25,354 25,354 25,354 |
4,830 91,544 178,114 274,488 (321,256) |
2023 £ 79,914 79,914 (46,768) 33,146 (20,000) 13,146 13,146 13,146 |
|---|---|---|---|---|
The Governors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Governors and signed on their behalf by:
M Pallot
Date: 20 March 2025
Page 10
(A company limited by guarantee)
ST. WYSTAN'S SCHOOL
Notes to the Financial Statements For the year ended 31 August 2024
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
St. Wystan's School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The School’s Governors are its only Members however the School is considered to be part of the group headed by Sir John Port’s Charity. The School has taken advantage of the exemption contained within the Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements.
The School has also taken advantage of the exemption to prepare a cash flow statement.
1.2 Going concern
The School meets its day-to-day capital requirements through the close management of its cashflow from operations and utilising banking facilities. The Governors of Sir John Port’s Charity have confirmed reasonable support will be available from the wider group, as may be required, whilst the new leadership direction comes into effect. The Governors therefore consider it is appropriate for the accounts to be prepared on a going concern basis.
1.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Fees receivable and charges for services and for the use of premises are recognised and accounted for in the period in which the service is provided. The School invoices pupils termly in advance and the income relating to these invoices is deferred until the start of the term to which they relate. Fees receivable are stated after deducting allowances, scholarships and other remissions allowed by the School.
Donations, grants and other forms of voluntary income are recognised and accounted for when received or when contractual obligation to pay arises. Donations subject to specific wishes of the donors are carried to relevant restricted funds, or to endowed funds where the amount is required to be held as capital. Donations received for the general purpose of the School are credited to unrestricted funds.
1.4 Expenditure
Expenditure is accounted for on an accruals basis. Overheads and other costs not directly attributable to particular functional; activity categories are apportioned over the relevant categories on the basis of management estimates of the amount attributable to that activity in the year, either by reference to staff time or space occupied, as appropriate. The irrecoverable element of VAT is included with the item of expense to which it relates.
Page 11
(A company limited by guarantee)
ST. WYSTAN'S SCHOOL
Notes to the Financial Statements For the year ended 31 August 2024
1. Accounting policies (continued)
1.4 Expenditure (continued)
Governance costs comprise the cost of running the School, including the external audit, any legal advice and all costs of complying with constitutional and statutory requirements, such as the costs of Board and Committee meetings and of preparing statutory accounts and satisfying public accountability.
All educational supplies are written off in the year of purchase.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
1.5 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Deprecation is not charged in the year of purchase.
Depreciation is provided on the following bases:
| Freehold property | - 2% to 10% on cost |
|---|---|
| Teaching equipment | - 13% on reducing balance |
| Office equipment | - 33% on cost |
1.7 Pensions
Eligible employees are enrolled in the Aviva Pension Trust for Independent Schools, a defined contribution scheme. All other school staff members are eligible for membership to defined contribution schemes. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate.
1.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Governors in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Page 12
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Notes to the Financial Statements For the year ended 31 August 2024
2. Income from charitable activities
| Unrestricted funds 2024 £ School fees receivable 783,025 Other educational charitable activities 52,512 835,537 School fees receivable Gross fees Less: Total remissions, scholarships and bursaries |
Total funds 2024 £ 783,025 52,512 835,537 2024 £ 864,532 (81,507) 783,025 |
Total funds 2023 £ 747,598 45,020 |
|---|---|---|
| 792,618 | ||
| 2023 £ 808,582 (60,984) |
||
| 747,598 |
3. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted funds 2024 £ Teaching 716,336 Support and governance 106,993 823,329 |
Total 2024 £ 716,336 106,993 823,329 |
Total 2023 £ 690,300 102,228 |
|---|---|---|
| 792,528 |
Page 13
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Notes to the Financial Statements For the year ended 31 August 2024
3. Analysis of expenditure on charitable activities (continued)
Summary by expenditure type
| Teaching Support and governance Total 2023 |
Staff costs 2024 £ 570,528 36,341 606,869 596,287 |
Depreciation 2024 £ 5,064 - 5,064 8,776 |
Other costs 2024 £ 140,744 70,652 211,396 187,465 |
Total 2024 £ 716,336 106,993 823,329 792,528 |
Total 2023 £ 690,300 102,228 792,528 |
|---|---|---|---|---|---|
4. Auditor's remuneration
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's auditor for the audit of the Charity's annual | ||
| accounts | 4,020 | 3,900 |
| Fees payable to the Charity's auditor in respect of: | ||
| All non-audit services not included above | 2,010 | 1,950 |
5. Staff costs
| Wages and salaries Social security costs Contribution to pension schemes |
2024 £ 517,075 36,373 53,421 606,869 |
2023 £ 500,202 32,836 63,249 |
|---|---|---|
| 596,287 |
Page 14
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Notes to the Financial Statements For the year ended 31 August 2024
5. Staff costs (continued)
The average number of persons employed by the Charity during the year was as follows:
| 2024 No. Teaching staff 18 Assistants, domestic & catering 11 Management & administration 1 30 No employee received remuneration amounting to more than £60,000 in either year. |
2023 No. 19 10 1 30 |
|---|---|
The aggregate remuneration and benefits received by key management personnel was £149,699 (2023 - £145,982).
6. Governors' remuneration and expenses
During the year, no Governors received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 August 2024, no Governor expenses have been incurred (2023 - £NIL) .
7. Intangible assets
| Cost At 1 September 2023 At 31 August 2024 Amortisation At 1 September 2023 At 31 August 2024 Net book value At 31 August 2024 At 31 August 2023 |
Software £ 5,460 |
|---|---|
| 5,460 | |
| 5,460 | |
| 5,460 | |
| - | |
| - |
Page 15
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Notes to the Financial Statements For the year ended 31 August 2024
8. Tangible fixed assets
| Cost At 1 September 2023 Additions At 31 August 2024 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 Net book value At 31 August 2024 At 31 August 2023 Debtors Due within one year Fee debtors Other debtors Prepayments and accrued income |
Freehold property £ 277,655 - 277,655 211,588 - 211,588 66,067 66,067 |
Teaching equipment £ 93,801 8,100 101,901 87,877 2,983 90,860 11,041 5,924 |
Office equipment £ 45,232 - 45,232 37,309 2,081 39,390 5,842 7,923 2024 £ 81,115 1,072 14,820 97,007 |
Total £ 416,688 8,100 |
|
|---|---|---|---|---|---|
| 424,788 | |||||
| 336,774 5,064 |
|||||
| 341,838 | |||||
| 82,950 | |||||
| 79,914 | |||||
| 2023 £ 84,932 45 6,567 91,544 |
9. Debtors
Page 16
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Notes to the Financial Statements For the year ended 31 August 2024
10. Creditors: Amounts falling due within one year
| Refundable deposits Trade creditors Amounts owed to group undertakings Other creditors Other taxation and social security Deferred income Accrued expenses Deferred income at 1 September 2023 Resources deferred during the year Amounts released from previous periods |
2024 £ 2,250 15,166 2,194 35,180 9,639 313,169 7,977 385,575 2024 £ 251,418 313,169 (251,418) 313,169 |
2023 £ 1,500 11,168 14,598 9,437 13,914 251,418 19,221 |
|---|---|---|
| 321,256 | ||
| 2023 £ 242,635 251,418 (242,635) |
||
| 251,418 |
Deferred income relates to fees invoiced in advance.
11. Creditors: Amounts falling due after more than one year
| Refundable deposits Other creditors |
2024 £ 27,000 62,572 89,572 |
2023 £ 20,000 - |
|---|---|---|
| 20,000 |
Repayment of refundable deposits is due on the child leaving the school, net of any charges outstanding.
No interest is due on these balances.
Page 17
ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Notes to the Financial Statements For the year ended 31 August 2024
| 12. Statement of funds Statement of funds - current year Unrestricted funds General Funds Statement of funds - prior year Unrestricted funds General Funds |
Balance at 1 September 2023 £ 13,146 Balance at 1 September 2022 £ 13,056 |
Income £ 835,537 Income £ 792,618 |
Expenditure £ (823,329) Expenditure £ (792,528) |
Balance at 31 August 2024 £ 25,354 |
|---|---|---|---|---|
| Balance at 31 August 2023 £ 13,146 |
| 13. Summary of funds Summary of funds - current year General funds Summary of funds - prior year General funds |
Balance at 1 September 2023 £ 13,146 Balance at 1 September 2022 £ 13,056 |
Income £ 835,537 Income £ 792,618 |
Expenditure £ (823,329) Expenditure £ (792,528) |
Balance at 31 August 2024 £ 25,354 |
|---|---|---|---|---|
| Balance at 31 August 2023 £ 13,146 |
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ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Notes to the Financial Statements For the year ended 31 August 2024
14. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Tangible fixed assets 82,950 Current assets 417,551 Creditors due within one year (385,575) Creditors due in more than one year (89,572) Total 25,354 |
Total funds 2024 £ 82,950 417,551 (385,575) (89,572) 25,354 |
|---|---|
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2023 £ 79,914 274,488 (321,256) (20,000) 13,146 |
Total funds 2023 £ 79,914 274,488 (321,256) (20,000) 13,146 |
|---|---|---|
15. Pension commitments
The School contributes to certain defined contribution pension schemes. Teaching staff are eligible to join the Aviva Pension Trust for Independent Schools. The total cost to the School was £47,743 (2023 - £54,893), which represents the contributions made by the School to this scheme. At 31 August 2024, £5,095 (2023 - £4,751) of pension contributions were due to the pension scheme.
Non-teaching staff are eligible to join the NEST Auto Enrolment Scheme. The total cost to the School was £5,249 (2023 - £8,356), which represents the contributions made by the School to this scheme. At 31 August 2024, £854 (2023 - £710) of pension contributions were due to the pension scheme.
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ST. WYSTAN'S SCHOOL
(A company limited by guarantee)
Notes to the Financial Statements For the year ended 31 August 2024
16. Members' liability
Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.
17. Related party transactions
The children of the elected trustees who attended St. Wystan's School are charged fees and receive remissions at the normal rate as for all other children.
There were no other related party transactions during the year.
18. Controlling party
The School’s Governors are its only Members however the School is considered to be part of the group headed by Sir John Port’s Charity. Copies of the consolidated financial statements of Sir John Port's Charity are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF4 3UZ.
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