Red House School Llmlted Report of the Trustees (induding Strate￿C Report) and Hnanclal Statements for the Year Ended 31 August 2024 ar Charity Referen￿ and Administrative Detsiis Repon ofthe Tr￿tee5 [IndLKlingthe Strategrc Report) 2-12 Report of the IndependentAud￿s 13-15 Statement of Finanaal AC￿e$ 16 Balance Sheet 17 Cash How Statement 18 Notes to the Rnandal Statements 19-30 Re8lstered Company number 00312473 (Engfand and Wales) Retsered Charlty number 527377 fte815tered office 36 The Green Norton Stockton on Tees TS20 IDX Twstees VL Duncan KD James S M co5￿gan K E Huddart F Hunt A G Taylor S C Bambrook-McKay - Appointed 2211112023 CHe Appointed 2Z11112023 Chalr Secretary and IT[￿ Chair J Henning L C Boyd.Smith S Blackett Rsscott R Evans B Majupuria Appointed 2211112023 Ipointed 2211112023 Other changes In trustees holdlng office are as foltov&" N Simpson - Retired 3111 or2023 V Bedi was appointed Pre51dent In November 2017 and J A Robson contlnues to a(E as Vice President Netther are registered as statutory direccor5 of the cofftpany. The school no longer has a sfaff representatNe in attendance at Board of Governors rneet1￿. Head RAshcroft Audltors Anderson Barrowdtff ￿rnited Chartered Accountants 3 ￿ngfiSher Court Bowesfield Park Stockton on Tee5 T518 3EX Bankers Lloyds TSB 27 Hlgh Street Stockton TS18 1 Yorkshlre Bank Stvincerrt Place Glasgty G1 2HL Sollcitors Milners Soliotors Whicehall Waterfront 2 Riverside Way Leeds West Yorkshi LSI 4EH Page 1 The trustees present their report and the audited financial statemerfts of the chartty for the year ended 31 August 2024. The trustee5 have adopted the provtsions of the Ststement of Recommended Prattlce ISORPI 'Accountlng and Repordng ty Charitles, in preparingthe annual reportand finanoal ststements of the charity. The charity constltutes a public benefft entity as defined by FPS 102. The financlal statements have been prepared in accordance the Charites Att 2011 and Accountirg and Reporting by Charities: Statement of Recommended Prattice applicable to charittes preparing their accounts in accordance sWth the Rnandal Reponlng Stsndard appllcable In the UK and Republic of Ireland IFRS 102) published In October 2019, and the Companies Att 2006. TRUSTEES The dlrector5 of the charrtable compary are its trustees for the pUrF￿ of d)arÈty law. The trustees who have served during the year and since the year end are on page 1. OBJEcfivES AND ACTMTIES In setting our objethe5 and planning our athittes our mstees have conSide￿d the Charity Comml&fjion's general guidance on public benefft and in particular to tts supplementary public benefitguidance on advanthg edLKatlon and on fee chargin& Red House School Is a Coed￿ar10rtaI independentday schcol forchlldren befy￿n the age5 of 3 arKI 16. The Head, Dr Rebecca AshcroL is a mwnber of the Independent Schools Association {iSA) and the Board of Govemor5, Red House's governing boty. is In membership of the Association of Governirg Bodies of lTrJependentSch¢X•k5 IAGBISI. The Head of FInaTr￿ & C(*npliance. Mr Craig Stantford. isa memberof the Independent S(hools' BursarsAssoclation IISBA). The aim of the school Is to provide a high qualty. all*ncompasslng and affordable education, In a nurturl Induslve and carlng envTronmert Red House was founded in 1929 by a group of parents with the aim of provtdlng the hlghest qualty education for their children. This commltment isJu5t as Strongtoday, with a dose partnershlp between parents and stsff en5urfng that puplls thrfve In school and reach theirffijll potential. Red House School 15 a vtbranL innovative. and collaborative communty where every member is dedicated to becoming the best Ve￿iDn ofthemselves while supporting other> We provfde each pupil ￿ the thance to fvl develop their talents and embracea ￿l￿e range of new experiences In a posrtsve. nurturingenvironmenL Byofferlng an extenslve array of acadernic and co2024academlcyear, 19 number of pupilsmsited Berlinand the ChrI5tmas markets as part of the Gerrnan trip In NovemberlDecember 2023. 109 pupi15 enjoyed a skn trlp to Sesrriere in Itaty In December 2023, and Year 10 puplls took part In The Spir& Qunior Oxbrfdgel trip to the UniverS￿e5 of Oxford and Cambrldge Injuty 202 Pupi15 also partiapate In a broad and dNerse range of c￿cUrriCutar activttles irKluding spor¢ drama. music tultlon and I￿, to maintsin a broad and balanced eduration. Page 3 There is a strong emphasis throughout the wthoFe sd￿11 on the development of I￿ skills. An extenswe computer networi whlch indudes several suites of wire]ess ChroTnebooks {120 in totaD, taptops and iPads, is linked to all areas. Continued investment in State-of-the-a￿ equipment in the 202>2024 academic year, Includes. 3 new Chromebook5 for thejunlor School1£9Crf)1. 4 ne4V computers b*ng purchased for the Senior School Icr room at a cost of £2400, 3 new sraff laptops1£1200A and a new large formatprinterwas purchased forthe Design Technology room1£23001. We upgraded some of the wireless access points to provide faster access to the network ftjr wireless devlces [£4501. and we are soon to be upgrading the sd￿1 internet connecllon to a 1Gbps (gigabjt per secondl connecrion provlded by Aspire IT. The School continued to invest in new technolw throughoLrt the year. spending £7250 on coM￿rter equlpmentto enhance interacfve dassroom teachins Independent research is faolitated through unllmlted andfiltered acce5S tothe InterneL The l￿fa￿litieS are made available to pupils before arKI after school and during breaks and lunches forthe older age range& Culture. Muslc & Drama Muslc and Drama have remained Imp)rtant aspects of lrfe at Red House and the opening of the Music School six years ago is a prominent enactment of the 5choofs commrtment to the perfom)ing arts. Prwate tuition for a wide range of v¢Kal. piano, brass, String and pertiJ￿0n instrumerrfs continue to be available to children throughoLrt the school. C￿UMCu1ar mu&G for example, orchestra, Junior and Senior Choir5, a recorder group and a number of other IrGtnJrnentalgroups are well-attended. and a'carols & Cocoa. Concerttook place on 7 December 2023. a Nlne Lessons and Carols 5eNcewas held atstockton Parish Churth on 14 December2023, as well asa highty competitive 'Red House Has GotTalenf competidon on 26 Marth 2024. In the 202>2024 academic year. Junlor School productlons. Harvest Fe$￿val, Senlor khool Carols & Cocoa. Junlor Nativlty se￿ces. a Christingle seNce. music concetts and drama pmductions by Senior School puplls were all slgntftcant events in the school year. The sthool also produces a musical each year ¥thd) includes children from both sf(es. Injune 2024, pupi15 from Year >11 partlopated in the much antiapated Songs from the Showg school production on 29June 2024. Ctrcurrlcular Activities c￿urriCUlar acbvitles. i.e. those asperts of a pupifs learning and development that njn parallel to their academlc studies. are an Integr￿ arKI highty significant part of Itfe at Red HoLt5e School and are conSide￿d as an exrensSon of the curriculum rather than an addFtion to IL Examples of our co2024, mary puplls in Years 9 & 10 took part In the Bronze Award. Trlm trai& on both sthool sltes provide altemattve suitable physlcal thaifenge for pupifs durlng break and lunchtlme& In the 202>2024 academlc year, thejunlor School trfm trail was replaced Vlith braThJ newequlpmert Otherattivtknes atthe Seniorsthool indude: Chess Club, Dance. Mlnecraftaub, FootballAcademy, TableTennls and Badmlnton Club, Eco aub. Art Club, I￿ arKI Robtitlcs. There are a large number of clubs and that take place in the Junlor SchrK•l I￿lUding. Table Top Games Club. Ling¢XOts. Perforniing Karate, Zen Club, I￿. Art and Craft Club, Eco aub. sport DT. and cooking. This list is just a small selection of the dubs on offer. In the 2023- 2024 academic year. there were cver 50 c{￿CurrI0JIar ckts avallth across both 9te& Sport Red House 5th001 pupils pardcipate in various local and natlonal compettiions, wtch sport playlng a key role in their physlcal development and being an integral part of school lrfe. Our outstsnd1ngfaol￿es. supplemented by external resources, provide all pupi]s with acce55 to a diverse and comprehensNe range of sporting athities. Page 4 In thejunior School, specialist sports teathers delver lessons using equipment and fadlfdes across both sites. The school boasts a iarge 5POrts hall. ewansive pjayingfields. and an alkweathersports pitth. The sports curriculum not onty promotes p￿Ical health butai50 fosters teamV￿rt ￿adershiP sknlls. and the excttement of competingagainst others. Thts yearfs annual 4)orts daywas held on 1 Juty2024at Middlesbrough Sports Village. In the academicyear202>2024. therewere a numberof SI￿lficantSpordnsachlevementslthl5 Ifstts notexhaustive and is an example).. Boys and Girls Athlettcs: 7 pupils from Red House represented the North ISA ream at Natlonal finats. Besr perf0mlan￿S were sifver in both 800Tll and relay. In addition. we had 3 wnners at the Stockton Schools event and 1 Pu￿1 partiapated in the ESAA Northem Schoofs Inter-county Championships. We re-launthed the RHS Invltstlon event at U11 level. irmttng Teesslde High and Fyling Hall. The RHS boys were triumphant and won the team trophy and the girls came runners up (Fyling Hall won the wrls competition). and Glrls Cros5 County. ISA North Cross County finats- 2 runner5-up and all 8 athletes achieved a top 20 flnlsh,. 6 pupi& represented the North team at the ISA National Rna15 at Wothsop College wth 2 pupils achieving a top 10. Tee5 Valley Prirnary Schools Cross County Flna15-4 puplls finished in the top 10 finlsh. Tees Valleysecondaryschools Cr055 Countty Hna15- 2 pupils finlshed in the top 12 and represented Stockton In the County ￿nal% U13 RHS In￿tation {FylitYg Hall ITeesside High l Durtjam SchooD- Boys won the Team Trophyand GirEs were runners up. Boys and Glrls Swimmin￿. 5 pupilswon their atthe North ISA 3 puplls ￿nnIngtheIr Imax) 2 events - 8 golds in total. 6 pupiis qualtfied to represent the North team at National Finals at the Otympic pool in Lon(lon. Atthis evenr 1 pupil won 4 gokls (2 indivldual 12 reJayX another pupil won 2golds and a 3rd pupil bronze. Glrls Hockw. U16 aeveland County League Runners Up." U14 1 U13 1 U12 cteveland County League 3rd place. Boys Hockey. ISA U13 National Toumament Shleld Runners Up. Gir15 Netball: U15A Stockton Schoob League Champiors. U1Z4 1 U13B / U15B I U16A Stod(ton Schools League Runner5 Up. Boy5 Rugby. U121U131 U151 U16 team5 an qualified for the Cup competitsons of the Cleveland County 10$ Tournament U13 & U16 also qualified forthe Cup competitions of the aeveland County 7s and U13s were a150 very Impressbve at the Terrington Hall I￿[tation 7s Toumament U15s and U16s made the 2nd round ofthe Durham County{15sl Cup CompetsDon. Boys Football: U14 ISA National Toumament Runners Up at Nottingham UnNersity. Girls Football: Attended the U15 ISA National Fesrlval at LVS A5COt School, Berkshire. Boys Crick* u12 thjrham &aeveland Counry Cup Champlons y￿th wttories against Durham, Yarm and St Johns- 1sr time in 10 years! Glrls Cricket U13s narroyty missed our In read￿ng the aeveland Cwnty League Flnal and came Runners Up In their pool. U13s also bronze at the Stockton Sthools Crid(et Festwal. U12 1 U14 were 3rd in thelr County League Po(A game& Boys Tennls: U15 Durham & aweland Champiors. qualtlled for the North East finals and were knocked out at Reglonals byAustln Fria Gofft. A Year 10 pupil was runner up in the Junlor Open Champ5onshlps In 5cotJand and a150 represented England in the Eurcpean YoLTrng Masters Cornpethton. Pastoral Care. Mlndfulness and Wellbeing Red HcHJ5e School offers a warm, nurturlng enNironment where PU￿15 can grow into confident Mature, and respectful young adults. i)Jr secure and supporttve settin& comblned byith a comprehertsive programme of rsonal, health, and sodal educatiory ensure5 thar tyjr pupils are *EIPprepared to navigate modern challenge5 and thrive In Ilfe btyond Red House. sin￿ reCeI￿ngthe BronzeAward from thecamegle CerrtreforExcenenceSchoofs Mentsl HealthAward inJuty2021, Red House has continued to prlorttise whole-school wellness and mindfulnessthroughoutthe 202>2024 academlc year. A varlety of athtrles have been inrroduced to support the wellbetng of pupil& staff. and parents, maklng mindftjlness and wellnes5 an integral part of sth¢)ol lrfe. Thls focus is refierted In regukar wellness-themed assemblles, the implementation of the Wellbeing and Posttsve Mental Heath Poli(y.thecreation of a pupil Wellbelng board. a team of Year 11 Wellbeing Prefecrs. and the fijrther integration of mindfulness into the PSHE and RSE programmes auoss both sttes. Page S of In addlrlon, in 2023-2024the followlng rneasures V•ve in ￿. The Sthool CcMJnsdlor comes into sthool ty￿ days a week thi5 se￿Ice Is wovlded free of charge to the pupils. From June 2024 have a Play Therapist In thejunior Sthool who comes into schwl for one day per week to support ouryounger pupil& Stsff Mlellness Ambassadorg In both the Junior and Senior Schoots. The pupffils can elther'drop in. to chat to deslgnated meTnbers of sraff or they can book an appoIn￿ent Thls often invojves rnentoring or signp05ting pupils. Sessions may indimje mindfulness or medltation and work ort ￿oWth mindset and resilience. Newand updated PSHEand Relatlonshlpsand5exEducatton IRSElschemes of work In thejunlorand Senlor Schools. defivered In wee￿, timetabled less¢)n5, Ythere issues such as positive friendship& chlld-ofk£hild abuse, mental health, mana&ng relatiortships, discrlmination and prejudice. bu1￿￿ng and varfous forms of otherabuseare covered inan ag&appropriateway. RSE Is reported toparents inthe SummerTerm report5. Enrlthing the curriculum by talang leaming outside of the classroom wtth Forest kh￿)1 for puplls In Reception to Year 6, to help build rdation5hips. self-esteem and wlience. Additional tralning for staff. e.g. all staff rneMbe￿ qualified In ￿PpOrting Mental Healthand Wellbelngof Children and Young People. and Yie5torative Conver5ation< In the January 2024 INSET. Azen Den in thejunior School. In the 2024-2025 academicyear, we a￿ planning to build a Wellness Studio in the Senior School. and start preparatlons for the Carnegre Centre of Excellence Sthoots Mentsl Health Award IGold Award). We have a Wellbeing Govemor. Dr Fiona HunL Ateam of three Year 11 Wellbeing Prefects. who are members of the Senlor Prefect Team. Chlldren in thejunior School and Senlor School were trained to be Peer Wellbeing Champions In the 202> 2024 a￿dern[C year. A School wellness tharlie, was y￿lcomed Intothe Red House famllyin April 2023. In SepteTnber 2023, we appointed a new Direttor of Wellbeing and Pastoral Care, who is a member of the Sthoovs Senlor Management Team, and In November 2023, ¥￿ appointed a Wdlbeing Lead in thejunlor Sthool. In OC￿ber 2023, we were awarded the Rainbow RagAward. &nce March 2023. we have a Governor wrth respon51bility for LGBTQ￿. AJI staff complete annual training in fqualty. Diversity & Indusion in the workplace,. This is updated annualty- We hosted ourthird Red House School Pride Week117-21 June 20241. Wellbelngand pastoral related day celebrated in school across both sites og. World Mental Health Day and #Helloyellow, LGBf+ History Month. Black History Month. Anti BultyÈng Week etc. The Introdu(don of Academic House forn￿ for pupib In Year5 7-9 from September 2023 (rolled out for all year groups by September 2025, and the appolntment ofa Head of the House s￿eM from I September 2023. For Staff, wellbelng Inthtfves induded a Tnindfvlness Chris￿aS craftirE vrfenin& vrfh ¢Ner 20 member5 of staff across both sltes participating Stsff WeHness Board5 in both staff and'Atbtude of Gratltudd goodle bags and post-tt notes In both staff rooms. Since October 2020. we have completed an annual Wellbeing SuNey with our pa￿nts, puplls and staff and usethis data to feed Into our pastoral care Pr(￿$10￿ and Wellb￿ng Inl¢lativ& The next survey will take PL*￿ in October 2024. In the 2023.2024 aodemic year. Red Howe pupll s and staff SUPWKted mary local and Intemational charittes both through charttable gmng and practical IrWo￿ernenL £ £5,684.27 ha5 been raised to support the following charitles: Macmlllan Cancer Suppor¢ HeadlighL Young M6nds, Children In Need, St Michaefs Hospitr and Butterwick Hospice (Reindeer Runs), Save the Children. and Comic Rebef. In addtbon. food. dothng and sanitary wear to the TnJs5ell Trust and Bililngharn and Stockton Food Bank There are strong Ilnk5 byith our I￿al churth SL Matys Churdi Ncrton aThJ st￿￿ttOn Parish Churth. For eXaM￿e, Red House pupils, parents and staff We￿ Invrted to. and participated in, the Parfsh Remembrance Day events on 10. 11 and 13 November 2023. Red House staff. pupils and parents were present at all three events. Thejunior School had a Chrtstingle and Easter serMce5 in St ma￿5 in the 202>2024 academic year, Page 6 Communlty Unks A Communfty Action Group was established in the Senior School in September 2022 and they meet on a week basls. Examples of work within the Norton communty indude: an Act of lfjndne55 for Wortd Mental Heath Day on 10 Ottober 2023 where thocolate token delNered to lofal residents.. regular litter picktng on Norton Green and Norton High StreeL ￿lstingthe local Norton'aean Up YourAcV campaign: sweeping up leaves at 5t Ma￿5 Church, ahead of the Remembrance Day even¢ tidyrng the chur(h car park and graveyard of rubbish ahead of Important services.. delivered 1 CX) Christmas card5 and a chocotate gtft to all of the residents around The Green.. delwered Eastergreetings tards and eggs to 1￿7 local reside￿ Junior SdK)ol cholrvt5iting Millbeck Nursing and Reidentiat Care Homes. Red House Sthool was celebrated in the Indepe￿Ient ￿hr￿)IS Cwndl {ISQfelebrating Partnershipg publlcation In November 2023. Careers and pwt-16 guldance Red House Scho(A Is committed to preparing tt5 P￿1$ forfurther and hjgher educaion and for the ofworK through a planned programme of Careers Education and Guidan￿. Thmugh this programme puplls are prepared for Ilfe beyond the classroom. offering them opportuntties to become aquainted wtth the types of deasions and choices which wll face them In the fijttjre. Pupils are encouraged to take an acrive mle in theirown career leaming as well as provtdlng them wtth excellent support In 2023-2024, pupils In thejunior School listened to careers talks from a range of parents and alumnae. Across in the Senior SchooL pupilsfrom Years 7-11 are tsught about Careers Education as part of the PHSE prograrnme and also In Tutor fime There 15 also a Trlexr Stepg lunchttme club led by the Asslstsnt Head IAcademlc}. In this dub and through careers lessons. the puplls discover self- development through careers and work-retated education. find out about (areers and the workl of worK and develop sk1115 for career wellbetng and employabilty. Puplls from Year7 upwards are prn￿ded￿th accesstothe Untfrog platform. this tan be used In dass and remotety. Addittonally, pupiis may attend careers ewents suth Tees Vallw 5ktlls - a careers event Involving the leading provider5 of worl educarlon and tralning in the local a￿. In Year 11. local Sixth Form colleg￿ Colleges of Further Education and other Tees Vallly leamlng Pr￿derS are Invited to come to Red House School by the Careers Lead (the ksi5tant Head (Academlcll, to speak to the pupils and g(ve adv5ce on course5 and other post 16 optton& Those interested In pursuinga career in the world of flnan or business usualty rake part in the ICAEW business (OrnFeOdon held at Stockton Srxth Form College. As part of our 'Be Inspired. programme, other events and a progamme ofguestspeakers take Pla￿ throughout the year. to raise awareness of dtfferent careers and the world of wor Red HoLtse School is fortunate to have strong connections vth local businesses parents, alumni, and the communlty. who often vi5itto give presentations diJr6ng lessons. Puplbareencouraged to 5eekwtwork experience or work shadowtng opp¢)rtunities durirE school holiday& A5 a resuK our students leave Red House as confident. Independent learners, Y￿l￿prepared for fvrther education at independent Sd￿)Ots orstate slxth forni colleges. Envlronmental Initlatlves Red House School Ss commttted to becoming a Èreenerf and eco4rlervJlier envlronmenL For exampl¢ we have an active Carbon Neutral Grwpwhich was set up in March 2021, vthl(h comprises staff, puplls, parents and governors and meets regulaty, we have an Eco Club in both thejunior and Sthoot whlch meet on a weekty basis we were awarded a Dlstlnctton in the Sthools Eco Award in AugLlSt 2023," and we held our second Environment week{1￿14 June 20241. whith wasa fantastic successacross both sIfrs,v￿th a vthole hostof enew-sawngand envlronmentalty. friendty Inthat￿e$ tsking place. Envtronrnenral Week was fijlty planned by the pupiis wlth their aim to ralse awareness of ermronmental Issues. helping our whole sthool community to focus our minds on what else can be done, and how easy it would be to add to c¥Jr daity routines. As parc of the weeK staff were challenged wlth a electrioty day. seThtng ectrfriendty meats, deltverfng outdoor lessons and setting paperless homeworK' the pupi15 led assemblies on envlronmental tssues as well astaking part in many ecod￿lIengeS out of school. Some of these challenges included car shadn& cyding to and from school and litter plthn& Admlsslon Entry to the school. the exception of the Eaty Years Foundation Stsge, is dependent upon the avadabilty of place5 and the successful cornpletfon of an entrano assessment Page 7 PUBUC BENEFITSTATEMENT Red House School was founded by a group of parents In 1929, who hished to give their children thevery best start In life by providlng them with a first-rate education. sIn￿ those eath days the school has grov¥n and ¢Jeveloped, but the Under￿ng prlndple of provlding the hlghest quaftyeducation, still remairs tnJe. H15torl(alty, and ctjntinulngtothe presentday, fees havebeen setata le￿1 belowthat of otherindependentschools wtthln the regton providing access to a wtde spectrum of sooety. A Bursary Policy has been developed which provides a number of bursarles: up to 11JN of fees ￿ avallab The school allows its fadlt(fes to be used by a number of (xrtslde ¢J¥anisatlons at reduced rates. These Indude, Norton'Green Market on The Greert. and charity eNEnt& The school educates around 350 pupils who mlght ￿er¥*Ise be educated by the sme. The school provldes teathing practtce oppominities for pupifs from local univer51ties and work experlence placement for Wtyls of malntained sthoob. In a typical year. Red House has hosted Teathmeet arKI other coNab(Kative education-based events, enabllng teachers from many dffferent schools to come togetherand share ideas. Indeed. In September 2023, we organlse tralning for staff from local srate schools on pupll wellbeirpd. Red House IS L]sed as an examinatson centrefor home educated (hildren (bthen requiredl A number of teachers wthin the school aresupported In their roles as GCSE and A level examlners and m¢)derator5 of publlc examination Red House School has an actfve Communty AcÈion Group. worknng for the benefft ofthe local Norton communty. In addition. thejunior Schools hosts the morthty Norton'Green Markev on the secoThl Saturday of every month, whlch attracts (Ner S[￿ peoFAe each month. Volunteers The charlty beneffts from parents and friends supporttng the Sth￿rS activfrles and the valuable work done by the PT STRATEGIC REPORT ACHIEVEMENTS AND PERFORkqANCE We measure our succes5 under a broad number ofpupil outcome Academl The 2024 GCSE examinatlon re5ufts vRre outsrandln& The headllne figures were 40% grades 8-9 {A*. 57% grades 7-9 (A*IAI, 77% gradÉ$ 6-9 (B-AY and a 992% pass rate at grades &9 ICA*. In addibon to the excellent academlc results, the school is commltted to ensurlng effj chtld athleves thwrfull potendal, and Red House Sthool also has a long tradition of excellent tralue adde(r. The sd)ool has a conttnuous cOmrnth￿nt to maintslnlng full compliance %Mth the requlrements set out in the Education Ilndependent sd￿)1 Stsndards) Regulatiors 2014 and Earty Year5 Foundation Stage StstLrtory Framework. Red House pupils also had con*derable succe55 at all ages when entsred for narional competittors In 2052024, Including: Page 8 UKMT Maths Challerge 202¥2024: In Mathematics. we athieved unprecedentej succes& In the 1n￿rrned1ate Maths Challenge. 33 chlldren in Yeats 10 & 11 receNed eithera Gold. Si￿er or Bronze award. In the Junlor Maths Challenge. 7 children We￿ awarded Gold. 6 pupils gained a 5ifver and l O a Bronze Award. Four of our pupils (1 x Year 7. 2 x Year8 and 1 xyear 111 qualffied for the extenslon rounds. Finally, In the Prlmary Maths Challenge for pupils in Year 6. 12 thildren receNed a Bronze, 3 a &iver Award and 3 pupils were awarded Gold. Our puplls in Years 8, 9 and 10 wt In a swnnlng perf0m￿nCe in the national UK Blology Challenge and the resufts were Intyedible, over 40 pupifs receivfing a certificate, induding fJVO Year 10 pupils ¥•tho were awarded a hightysought Gold Certificat Slmilarty. ourpupits inyears 7.8 and 10alsotookthe Phjsicsworfd ty5t0rn7 Inthe British Physlcs Otymplad. The pupifs success in this natiorkil compettdon was outstanding 8 Gold. 21 Slfver and 20 Bronze certrficates awarded. VEX IQ Robotl¢s Competldon: In 202>2024 a team of Six pupils from Year 8 and Year 9 attended the regional finals of the VEX IQ ever¢ held at Ne•¥castle Universlty. The team was a mixed team of bojs and giri& The team was commended for rts innovatNe and unique design eharatteri5tics of thelr roboL Some of the team are too old to compete In this dass next year. and have agreed to be mentors for next yearfs teams. The older team members took the opportunity to build a praalce game field at the end of the summer term, to help the younger team members get a head startfor the 202¢2025 event Fl in Schools (Primary aass}- Two Year 6 teams, Buming Bullets and Phantom Fire, each quallfied for the 202>2024 Natlonal finals held at Magna Saence Athernjre Pari Sheffield. Teams were mlxed team5 of boys and girls. They were up against 40 ofthe best primarysthoojs in the county, and despice not comlng home wfth a trophy. they competsd at this presbgious went to a high srarKlard. Team members will be asked to be mentor5 for nextyeafsyear 6 teaTns. Succes5 In natlonal essay writtng competitions. e.& ISA and Young Writer& A Year 8 pupll was re￿nty announced as the National Wjnner in the ISA Essay Writing Competition. Max Gate Essay Prize. for hi5 wonderful and hightyoriginal pieceof desCriptive￿i￿n8 entiued 7hrough the Gap in the Curtaing.Another child In Year 8 re￿iVed a commendation in the1SA MaxGate Categ0ryandt￿lyear 10 pupils wroteschool Winnlng Entrle> In the1SA Favonius category. Inspectlon The School was in5pecred by the IndeP￿ent Schools Inspectorats on 2&28 September 2023 under the new ISI Inspection Framework which came into effettfrom 1 September2023. The School was fulty compliant In all aspects of the inspethon and metall ofthe requiremenls of the new standards. are as follow& Settion l.. Leadeishlp and managemen¢ and governan￿. Section 2: Pupllgeducation, training and re(reatlon. Sertlon 3.. PUiNI￿ physical and mental heath and emotional wellbeln& Section 4: PUpIlgs￿al and economlc wellbelng and contributlon to society. 5afeguardin& Prlndpal rfsks and uncertalndes The B2024 Kademlc Jtar. afso Invested in the followiw. the ￿gnIfi¢aftt refijrblshment ofthe Computlng Suite In the Senior School," all dassrooms and communal area5auos5 both srte5 wEre decorated; the Pastoral Room Inthe 5enlor Schoolwas renovated,.theJuniorSchool kitchern a5 well as in the Bam roof and wall Sn thejuniorschool were repaired and drainage was installed on the Senior Sthool sport5 field. In add1th￿, continued investment in state-of-the-art equlpment In the last acwjemlc year, indudes, 3 Chromebooks for the Junlor School. 4 new computers beSng purchased forthe senior School I￿rOom. 3 new staff laptOP5, and a n&Y largeforrrnat printerwas purchased for the Design Tethnology room. We ijpgraded some of the wireless access points to provide faster access to the nthork forwreless devfce Page 10 Further plans Include: Priorities for 202*2025 include the creation of a Wellness Studio in the Senior School, the development of an outdoor dassroom in the Senior SthooL' and investsnent in sets of W Stag¥ Chromebooks in the Junior SthooL Longertemi planning indudes- Creatlng more classroom Spa￿ and extending the Sze of the Senior School to have three-fomi entrywith 20 puplls in each Year 7 fonn by September 2026. Ckssroom space could be achieved by building abt)ve Rooms C. D and E (History. Geographyand ID and the Sp)rts Hall and treating a first flwr, redeveloplng L R and Q (Germao Design Technology, Comwing and RS) and ueating a floor above. Making more space In the Dining Hall. by reMovingthe￿stingstageand creatsnga shallow,tWO-Step stage, where dlning tables could be placed to Increase capaiity. Potentlally developlng plans to extend into a Sixth Forni create a designated Sixth Form area for puplls and teaching. srRucfuR4 GOVERNANCE AND MANAGEMEKr Govemlng document The charity is controlled by its goveming documenL the MemoTandum and Artides ofAssoclation. and con5tttutes Ilmited company, Ilmlted by guarantee, a5 defined by the Companie5 Act 2CW)6. Recrultment and appolntment of trustees In accordance with the Articles ofAssouation.the affairs ofthe companyarecontrolled bya counal of management consisting of governors. The office of govemor is therefore equNalent to of director ftir all requirements of the Companies A(t 2tK]6, and that of trustee for all requirements of the Charities kn 1993. as amended by the Charitles Act 2011. Board of Governor members can be drawn from the parent body and the wkler communty and are elected by members of the company attheAnnual General Meetin& Up to one quarter of Board members may be drawn IrKluctlon and trainlngof new twstees New trustees are provided an extensNe package of inforTrwon relating to the schod, Includlng current and historical Information and mlnutes of rel￿arrt meeting* Organlsatlonal structure The Board of Governors is supported by three gJb commltteey. Managemert EducatTron and Health & Safety. The full Board of Govemor5 meets pertemi and the sub committees meet at least once per ter￿ to oversee the acttvf(les of the tt￿rity. The Head is appointed to manage the (ky to day actifftles of the school. Through)ut this audit period It was Dr Rebecca khcroll The trustees 5etthe rernuneration ofthe Senior MaThigemeM Tea￿ whlch Includes the Head. Red House Sthool is a member of the Assoctation of Gcwernlng Bodies of Indepthjent Sthools IAGBIS) arKI the Independent SchoolsA5SOOatton {ISJ). Both provide support and a(Mce to the schoc Related parties The charity is not dependent on the support ofrelated partbe& Risk management The trustees have consideration to the major risks to which the tharty ss eyposed and satisfie(l thernse￿es that systerns or procedures are established in orderto manage those risks. Page11 Fund-ralslng The school does not carry out any s￿NfiCantfu￿d-raislngaCOwtreS ftjr the schoof5 own fund& TRUSTEES RESPONSIBILMES The triistees (who are also the director5 of Red House Sthool Limited for the purposes of company law) are responsible for preparingthe Report of the Trustee5 and thefinancial statefflents Ill accordance ￿￿th applicable law and United Klngdom General￿Accepted Accounting Prac￿￿. Company lawrequlres thetrustees to prepare finandal statements for each finanaal yearythichgive a true and fair ew of the state of affair5 of the tharitable tompary and of the incoming reSour￿S and application of resources. Induding the income and expenditure. of the charitable compwy for that perlod. In preparing those financial statements, thetrustees are required to: Selert sultable accounting policie5 and then appty them consistenty, Observe the methods and prinaples in the CharttySORP 2019 IFRS 102 Makejudgements and esThmates that are reasonable and prudent Stste sthether applicable UK accounting sta￿lardS have been followed. subject to ary material dePa￿reS disclosed and explained in the financial statements.. Prepare the finanaal Statements on the going cOn￿M basis unless rc is Inapproprfate to presume that the charttable company wtn continue in buslnes& The trustees are re5ponstblefor keeping properaccounting records b*hl(h disdose with reasonable accurdcy at any time the financial position of the charitable company and to enable them to e￿Ure that the financial statements compty with the Companies kE 2006. They are also responsible for safeguarding the assets of the charltable compary and heno for taknng reasonable stepsforthe prevention and detection of fraud and other irregularitse DISCLOSURE OF INFORMATION TO THEAUDITORS We, the trustees of the charitsble companywho held office atthe date ofapproval of these financial Ststements as set out above each confirm, so far as we are aV￿re. that there Is no relevant audr( Information of *thich the charltable compatys ￿dItorS are unaware; and we have tsken the ￿epS thatwe oughtto have tsken as trustees ui order to make oursefves aware of ary relevant audit infomiation and to estsbli£h the thaiitable compatys auditor5 are aware of tl inforniation. In appmingthe Trustees'Annual ReporL we also aPPr￿the Stra￿( Rem Included therelry in ourcapaoty a trustees. ON BEHALF OFTHE BOARD S M Cosrlgan Page12 Oplnion We have audited the finanoal statements of Red House Scho)l LimTrted for the year ended 31 August 2024 ¥whith comprlsethe Statement of Financlal Acavits4 the BatanceSheeLthe Cash Fjow StatÈmentand notes to the flnandal statements. including signlficant accounting poliae& The finanaal reporting frarne￿rk that ha5 been applied in thelr preparation is applltsble law and United lfjngdom Accounting Standards, including Financ(al Repordng Stsndard 102 The Finanoal Reporting Standard applicable in the UK and Republic of IrelaTrY {United ￿ngdoM GeneraltyAccepted Accounting Praaice}. In our oplnion the flnancial statements: vea true and fairmewof the state ofthe charttable compatysaffairs as at31 August2024. and of its incorning resource5 and application of resources, indudirE its income and expenditure. for the year then ended; have been propety p￿pared in accordance with Unired ￿ngdoM GeneraltyAccepted Accounting Practice,. and have been prepared in accordance with the requ5rements ofthe ComparuesAct 2G￿. Basis for opinlon We condutted our audtt in accordancel￿th Inter￿iOnal Standards on Audlbng IUKJ IISAS (UK)) and applicable L3W. Our respon5ibilffies underthose standards are fvttherdescribed In theAudttorfs responsibiltDe5 for the audft of the finandal statements secrlon of our reporL We are independert of the charitsble company in accordance with the ethltal requirements that are relevantto our audrt of the financial sratements in the UK including the FRCS Ethlcal Standard. and we have fuffilled ourotherethlcal responsibilitses in accordance wlth these requirements. We believe thatthe audit thdence we have obtained s 5uffident and approprtate to provide a basts for our opinion. Conclusions relatingto goln8 concem In auditsng the financial statemens we have conduded that the trusteeg use of the going concern basls of accounting in the preparation of the finandal 5tstsrnents is approprfate. Based on the work we have perfomied. we have not Identified ary materlal uncertalnties relating to events or conditions that indtvldualtyor collectivety. maycastggnfficant dwbt on the charitsble compatys abilityto continue as a golng con￿rn for a period of at least twth months from when the financial ststements are authorised for isgje. Our responsibil￿e$ and the responsibiliries of the trustees wth re5pert to golng concem are destribed in the relevant sections of ttus reporL Other Inforniatian The other Information comprlses the infomiation induded in the tnjstees annual rep￿ other than the finanoal statements and our audr(orfs repcrt thereon. The trustees are re5pon&ble for the other infomatton contained thln the annual report (￿r opinion on the financial statements does not coverthe other Information and, except to the extent otherwise expliaty stated in our repor¢ do not express arryform of assurance conclusion thereon. Our responsibility Is to read the other informatTron and, in dolng so, conslder thther the other infomiatlon is materially inconslstent whh the finanoal $kt￿nerrts or cNJr knLwdedge obtained In the course of the audit or otheThlse appears to be materialty mlsstated. If we identify such material Inconsistenoes or apparent fflaterlal m155tstements. we are required to (Jetermine ￿er thts gives rise to a material misstatement In the flnandal statementsthemsefves. If, based on thethwehaveperformed. we concludethatthere Is a materlal mIssta￿ment ofthis other inforniatiorn we are ro4uiredto rem thatf&L We have nothlngto reFKrt in this regard. Opinions on other matters pre5crfbed ty the Companie5Art 2006 In our opinFon. based on the work undertaken in the course of the audlt the lnf0rmatiortg￿en in thetrusteeand-guidancelStandards-and%uidance- for-auditors/Auditors-reSponsibilities-for-audiVDescription￿-aud1torS-re4￿nsibil1ties-for-aUdILaspx. This description forms pan of our aud￿0￿5 reporL Use of our report This report 15 made soletyto the chArita￿e compaty5 rnernbers. as a body, in accordance wtth Chapter 3 of Part 16 of the Companles Art 2006. Our auditwork has been undertaken so that we might state to the charitable compan￿5 members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fvllest extent permitted ty law. we do not accept or assume responsibility to aryone other than the charitsble company and the charitable compan￿5 member5 a5 a body, for our audit worl for this report or for the oplnlons we have formed. An(Jrew Debwng FCtJ FCA- Senior Statutory Auditor For and on behalf of Anderson Barrowcliff ￿MIte StatutoryAuditors Chartered Accountants 3 Kingfisher Court Bowesfield Park Stockton on Tees TSI 8 3EX 6 November 2024 Page 15 2024 Totsl Fund 2023 Total Fund Unrestrkted Restrlcted Fund Funds Notes Income from: Donations and legacies Charitable activities Investment income 13.945 4￿￿.702 13.945 45x702 4.002 4.262315 Totsl Income 43R649 4.262315 Expenditure on-. Charttable attmties Educatlonal acttMtie5 4A83X179 617 4A83.696 4158,667 Total expendlture 44U079 617 4A83.6% 4,158,667 Net Income l (expendlture) (617) s8￿3 103,648 Net movement In fvnds (617) 88.953 103,648 Reconciliatlon of funds Total fund5 brought forward 1739J 1741.562 3,637,914 Total funds carried forward 3.828m1 3.830.515 3,741,562 The Statement of Finanaal Acrtvttie5 indudes all gain5a￿l losses recogn￿￿ in they￿. AJI Income and expendlture dertves from continuingacbmtses. Page 16 2023 Notes Fixed Assets Tanglble assets 13 5,024752 5,075.159 5m4.752 5.075,159 Stocks Debtors Cash at bank and in hand 14 15 052 138.031 1753A79 153.412 1.141,993 Credltor ounts falllng due wtthin one year 19rn662 1,378.027 16 (2378.063) 1854,1091 Net current assetslulabllltles) S95￿9￿ s￿.918 Totsl assets less current Ilabllitie5 5.620351 5.599,077 CREDITORS Arnounts falling due after more than oneyear 17 {1.789￿36) 11.857.515) Net assets 3UI.515 3.741,562 Charltyfunds Restricted funds Unrestricted fijnds Unrestricted fvn¢Js- revaluatknn reserve 19 19 19 2.267 1A93328 IA03.758 1335.543 2235,543 Total charlty funds 3.830￿15 3,741.562 The flnancial statements were apprcNed and authortsed for issue tythe Board on_-.S_bJoN1bMI￿ 7•* &gned on behalf ofthe board of (rustee5 VLDunon Page 17 2024 2023 Notes Cash irthow from operatln8activltles Interest paid 21 1013.334 1140A67) 401,568 1126.176} Net cash flowfrom operatlng actfvlttes 1.871467 275.452 Cash flow from investlng artivikne5 Payments to acquire tsnglble fixed assets (167.864) 1144.883) Net cash flow from Invest1￿ activltles (167A64) 1144,883) Cash flowfrom IhMnrin8 athitie5 Capttal repayment of loans 193.017) 122,926) Net Gish Ilowfrom flnandng artmdes (93.017) (219261 Net increase In cash and cash equlvalents 1.611J86 107.643 Cash and cash equlvalentsat 1 September 1.141.993 1,034,350 Cash and cash equlvalents at 31 Augusc 1753.579 1.141.993 Cash and cash equivalents consist OP. Cash at bank and in hand 1753 1,141.993 Cash and cath equfvalents at 31 Au8U5t 1753.579 1,141.993 Page18 SUklMARY OF SIGNIFICANT ACCOUNTING POUCIES (a) General InformatSon and b&s of preparation Red House School Limited Is constibrted as a prNate charitable company limited by guarantee in England and Wale& In the event of charity belng wound up. the lia￿[ty in respect of the guarantee is limlted to £1 per member of the d)arity. The address of the registered office 15 given In the charfty inforrnation on page l of these financial statements The n*ure of ￿ (haritable companys operations and ￿1ndpa1 activftles are that of a school. The charity constitutes a publlc benefft entity as defined trry FRS 101 The financial statements have been prepared In accordance wfth Accounting and Reporring ￿ Charioes: Ststement of Recommended Prattice appllcable to tharrties preparing thelr accounts in accordan￿ wtth the Finantlal Reporrjng Stsndard applicable in the UK and Republic of Ireland issued In October 2019, the Finanaal RepO￿ng Stsndard appllcable in the United ￿ngdorn and Republlc of Ireland (FR5 102). the Charitses kt 2011. the Companles Act 2006 and UK GeneraltyAccepted Accouniing Practi￿. The financlal statements are prepared on a go5ng concern basi5 under the hlstorical cost convention as amended by deemed COSL Thefinanoal staternentsare prepared In sterlingvA)Ich 15 thefuncbonal cU￿encY ofthe tharity and rounded to the nearestL The signSficant atcounlng poliaes applied in the prepardoon of these financlal statements are set out below. These polides have been consistentyapplied to all years pyesented unle55 otherwise Stated. Funds (b) Unrethrted fijnds are available for use at the dlscretion of the trustees In furtherance of the general objectNes of the charttyand whlch have not been designated for other purp05e5. Restrlcted funds are fvnds YAwch are to be used In accordan￿ wlth specrfic restdctions Imposed bydonors or whlch have been ralsed bythe d￿rltyf0r parriojlar purposes. The aim and use of each restritted fijnd is set out in the nots5 to the finandal statement& (c) Income reco8nltkn JI incoming resources are irKluded in the Ststement of Fnanda1Attp￿tseS (SoFAlwhenthe charty Is legally entided to the income after any perforniance conditions have been m¢ the amount can be measured reliabty and it ts probablethat the income *ill be rece1* Fees received in advan￿ of education to be w(Mded In fi￿re years are held as liabllities unttl tsken to income in the tem) when used. For donatlons to be recognised the charity wl1 have been noffied ofthe amounts and the setdement date In Ythng. If there are condttSons attached to the donation and ths requlres a level of performance before enttdement can be obtsined then inco￿￿ Is deferred unbl those condttions are rnet or the fulfilmert of those condritons tswlthln the corrtrol of the tharity and it 15 wobable thattheywill be fuffilled. Noamthjntis i￿luded in thefinandal staternertsforw)bJntswtime In IlnevAththe SORP{FRS 102). Further detall Is gNen In theTrusteegknnual ReF4rt The (harlty has received donations In respert of capital expendibJe. The Income Is credited to the Ststement of Financial Acbwtses vthen reolvable. are not deferred overthe life of the asseL The notes form part ofthese financial statements Page 19 (c) Income recoymttan. contlnued Grants of a revenue nature are recognised at fair value when the charity has entitlement after ary perf0rn7ance conditsons have been meL it Is probable that the income wll be recewed and the amount can be measured rellabty. If entittement is not me¢ then these amounts are deferred. (d) Expendlture Yecop AJI expenditrjre ts accounted for on an accruals basis and has been dassified under headlngs thataggregare all costs related to the category. Expenditure is recognised %%17ere there Is a legal or constructive obligation to make payments to third parttes, it is probable thatthe setdementwill be required and the amountof the obligation ￿ be measured reliabty.All expenditure15 Ca￿gOrised as"Expenditure on tharitable artfvltle<. Irrecoverable VAT Is charged as an expense againstthe athity forwhich expenditure arose. (e) Support costs are those thatassi5tthe work of the charlty but do not dlrecty represent charitable activlttes and indude office cOstygoveman￿ cosrs. adminlstrativepayroll c05t& Theyare incurred directty in support ofexpendtwre on the objects of the chartty. The ana￿lS of these costs 15 included in note 6. In Tanglble flxed assets Tangible fixed assets are stated at cost lor deemed cost) less acaJmL¢lated depreciation and accumulated Impalrment1055es. C05t includes costs direaty attributable to making the asset G3pable (rf operating a5 Intended. Depreciation 15 provtded on all ￿n￿bleflXed as5ets(wth the eXCe￿n of freehold land), at rates calculated to wrtte off the COSL le55 estimated residual value, of each asset on a sysrematic basis over tts expected useful life as follows:. Freehold- buildings Freehold- artlflclal sports pltch Property Improvefflents Flxtures and fftknngs Motorvehicles 2% on cost 8.33% on cost 6.67% on cost 25% on cost and 1596 on cost 25% on co Stocks Stocks are stated atthe lth¥erof costaTrJ netreallsablevalue. prO￿510n 15 madefordamaged, obsoleteand slowrymovlns stockvthere appropriat& (h) Debtors uedltors recelvable I payable Tfftfthln one>Tar Debtor5 and creditor5 wlth no stated lrterest rate and receivable or payable within one year are recorded at transacdon price. Any losses arisingfrom Impairment are recognised In expenditu Flnancial Instruments The charty onty has ftnanoal assets and flnanaal liabllldes of a krnd that qualfy as basic finandal instruments. Baslc financial instruments are initialty recognised at transaction value and sub5equenty measured at thelr settlement value ￿ the exceptitM of bank loans and finance leases which are sub5equenty measured at amortised cost usiTrdthe effectlve Interest method. The notes ft>mi part of these finanaal ststements Page 20 o) Confirniatlon deposits Conflm)ation deposits represent sums receNed to confirm accepfance of a pupil into the school. They are refundable on leavlng education and are held as creditors unttl that time. Ik) Loans and borrowln8S Loans and borrowings are initialty recogni5ed at the transaction price Including transaalon Costs. Subsequenty, they are measured at amortised cost ￿n8 the effettwe interest rate method, less impalrnienL lmpa1rn￿Irt Assets not measured at fair value are reviwrtd for any indl(ation that the asset may be lrnpaired at each balance sheet date. If such indication wsts. the recoverable amount of asset is estimated and compared tothe carTyng amounL Where the carfyingamountexceeds its recoverableamounL an impalmient loss Is recognised in profft or loss. {m) ssets acquired under finance leases are capitalised and depreciated fftr the expected useful lrfe of the asset. Minlmum lease payThents are apportloned betr￿n the finan￿ charge and the reduttion of the outstandlng lease liability usingthe effecdveinterest rnett￿d. The related obllgations. net of future flnan charges. are included In credttors. Renta15 payable and recelvable underoperatingleases are charged to the SOFA on a 5tralght-line basis over the perlod of the lease. (n) Employee beneffts When emtAoyee5 have rendered S￿(e to the chartty. short-Trrni ￿P10Yee benefits to whlch the employees are entitled are recognised at the undiscounted amount expected to be paid In exthange for that service. The charty operates a defined contribuUon plan for the benefft of some ernployees. Contr5budons are expensed as they become payable. Retirement benefits to teachers of the sthool are provided by the Teachers, Pension Scheme ￿?51 Thls Is a deffned benefft scheme whlch Is extemalty funded and contracted out of the State Eamings - Related Penslon Stheme. Contrlbutions to the Sd￿rne are calcijlated so as to spread the cost of penslons over employees, wor￿n8 INes wrth the sch(x)l in suth a wty that the pension cost Is a substantialty lev percentage of current and future pensIOnab￿ payroll. The contributions are determlned by quallfied attuarie5 on the basis of valuatlons usng a pr¢)spective benefft methcKI. The Tr5 is a MulU￿mptyer stheme and the school Is unable to identtfy its share of the undetyng assets and liabllitses of the scheme on a consistent and reasonable b&s. The Trs Is therefore treated as a defined contrtbution scheme and the contributjons recognlsed asthty are pald each year. (o) Tax The charltyls an exempt tharftywtthin the meanlngofschedule 3 of the ChhrttiesAtt2011 and isconsldered to pass the tests Set out In Paragraph 1 khedule 6 FinarKe Att 2010 and therefore it meets the definttlon of a charttable company for UK crffporation tax purpo The n¢X¢% form part of these financial statements Page 21 (p) Golng concern The finandal ststements have been prepared on a going concern basls as the tru￿eS believe that no material uncertaintles exisL The trustees have cortsidered the level of fvnds held and the expected level of intome and expenditure for 12 months from authorisingthese finandal statements. The budgeted Income and expenditsjre is suffident bmth the level of reserves for the to be able to continue as a going concern. Iq) Judgements and key sources ofestimatkn urKertalnty In the appllrAtion of the charttys accounting poliaes. the trustees a￿ required to make judgements, estimates andassumptlons aboutthecawngamounts of ￿etsand liabilitiesthatarenotreadi￿apparent from other source5. The estimates and assoaated assumptions are based on historfcal experlence and othertsctors that are consldered to be rel￿ant Athal results dlfferfrom these estimates. The estimates and Unde￿ng assumptions a￿ r￿1￿￿ed on an ongoing basis. Wsion5 to accourfng estimates We reCOgn￿ed in the period ofthe revision, rfthe wsion affetts ontythat period, orln the perlod of revislon and fijture periods ff the r￿1$10n affects both ￿rrentand fubJre peri(￿5. (r) Government8rants The school recewed govemment grants in respert of the Appreniiceshlp stheme. These grants are re(ognlsed at the fairvalue of the asset received or ￿eNable %then there Is reasonable assuran￿ that the school ￿11 compty with Cond￿On5 attathed to them. The grants were recelved usingthe accrual model. INCOME FROM DONATIONS AND LEGACIES 2023 Legacies 13.945 The above income is attrtbutsble to unrestritted fund& INCOME FROM CHARITABLEAcnvmES 2024 2023 Sthool fees Registration fees School uniform sales Cateringand other Income c(Ru￿1cu1ar a￿tieS 4055. S.100 3.689311 4,585 61685 268,395 237339 114653 4￿￿.702 4.261315 The above Incofne is attrfbutable to unre5trt(ted fi￿d* INCOME FROM INVEStMENTS 2024 2023 Interest- deposits 41)02 The alme income Is attributsble to unrestricted fvTrJ& The notes form partof these finandal ststements Page 22 ANALYSS OF EXPENDITURE ON CHARITABLE AcrivmES Educatlonal Support Total 2024 Totsl 2023 Teaching stsff Educatlonal support costs Slsppon costs {see note 61 Caterfng costs Unifomi costs Deweaation and loss on disposal of assets Interest payable Bank charges Co-curricular acbwtyes 1453.936 993. 1453.936 993.065 421.990 129269 55J41 1222.739 867.518 363,001 118,727 44389 421.990 129269 55341 167.258 140 1775 119.195 167258 140.867 1715 119.195 165,017 126.116 1031 249,129 4061.706 421,990 4A83. 4,158,667 £61712023- £617) of the above costs were atirtbutable to restricted ftjnds. £4,483,07912023- £4.158,0501 of the above costs were attrilMJtsble to unrestricted fund& ALLOCATION OF SUPPORT Costs Support cost Basts of allocatlon 2023 Governance (see note 7) Senior management Admln staff costs 188.936 162.632 89,050 111.320 located on time basjs Jlocated on time basis 136.845 Total 421.990 363.007 GOVERNANCE COSTS Basts of allocatlon 2023 Senlor management Admin staff costs Au¢Jitorfs remuneration (see note 9) Legal and professional fees Jlocated on time basi5 Jltxated on time bast5 10.690 107.906 13.OlY) 57340 97.549 12,500 41689 GovemarKe 188.936 162,632 NET MOVEMETrif IN FUNDS Net movement in funds 15 5rateil aftertharw 2023 DeprecIa￿On oftsngible frAed assets-thyned assets Operating lease rentsis 167258 33.736 150.673 30,383 The notes fom part of these finand￿ sratements Page 23 AUDITOWS REMUNERATION 2023 Fees payable to the chariys audthr forthe audrt of the tharitys annual accounts 13.0ty) 12.500 Fees payalAe to the tr￿nty5 audltorfor orher seNttes 11059 11,663 Fees payableto the tt￿rty5 audttorin respettof the Teatherf Pension Scheme 1300 1300 10 TRusfEEgAND KEY MANAGEMEKf PERSONNEL REMUNERATION AND EXPENSES The trusw ndther recew norwaNed any remunerati￿ during the year12023- £Nil). The total amount of employee remunerarion benefits received by key management PerS￿ne[ 15 £451864 12023-£422A361. The trustees dld not have ary experses reirnbursed during the year P023- £Nill STAFF cosrs AND EMPLOYEE BENEFITS 11 The average monthty headcount was 84 staff (20Z3- 81 staffj and the average monthtyfulktime equNalent employees IFfEI dU￿ngthe year were asfolJoY•S: 2024 2023 arrtable acti￿ties Goveman 61 61 The total staff costs and employeegbenefftswas as follo￿. 2023 Wages and salarles Sodal security costs Defined contribution pension costs Defined benefft pension operatEng costs 1435.611 1243,222 208,931 30285 340,222 38.209 411368 3.119573 1821660 The number of employees who re(elved totsl employEe benefft5 lexduthng employer penSIt￿ Costs) of more than £60.0￿ Is as foltoyth. 2023 Number Numb £70,IJ01- £80,¢X £80.001- £￿.0 The notes form partof these financial starements Page 24 12 INTEREsf PAYABLE AND SIMILAR CHARGES 2023 2023 Bank loans and overdraft5 140￿67 126.116 13 TANGIBLE FIXED ASSErs Freehold Property Flxtures property Improvements and Ilttings Total At I September 2023 Additions 4.611.077 935.577 35,612 434.243 81239 5.980A97 116.851 At 31 August 2024 4.611.077 971.189 515A82 6.097.748 Deprttiatlon: At 1 September 2023 Charge for year 386.559 47A78 2th).050 319.129 56.950 905.738 1E7.258 At 31 August2024 376.079 1.071996 Net bookvalu At 31 August 2024 41TI.040 139A03 5.0x752 At 31 August 2023 4.224.518 735,527 115.114 5.075,159 Included in the deemed cost of land and buildingslsfreehold land of Q549.935 (2023- Q549.9351. Tangible flxed assets held at deemed cib The hlstoric cost equNalent of land and buikjings induded atdeemed cost a￿ as follows:. 2023 Land and BulldSngs Land and Bulldings Cost Accumulated depreciation 1716.7% (875.299) 2,776,796 1827,8211 Net bookvalue 1.841A97 1A88.975 Freehold land and buildings abovel￿re recogrmsed USI￿ Pre￿O￿$V81Uatlons as deer￿ costontran5ition to SORP IFRS 1021. DetaNs regardlng tang5ble flxed assets piedged as securTtyfor Ilabilities of the chtyare shown In notes 16 and 17. The notes form partof these financial statements Page 25 or 14 srocKS 2024 2023 Unrfomis 76A51 1958 1643 78.356 1953 1,313 aeanlng products 052 81622 I stock held Is forcharltable actrAdes. 15 DEBTORS 2023 Fees debtors Other debtors Prepayments and accrued inct 51,002 71453 29.957 S4J31 24645 138.031 153.412 16 CREDITO￿. AMouNfs FALUNG DUEWIThIN ONE YEAR 2024 2023 Bank loans and overdrafts Trade uedrtors Other tax and soaal securty Other creditors Fees In advance Confirmation deposits receNed AccruaLs and deferred Income 56.f14 78.712 7A28 51,549 63,738 562.709 8.000 81,973 52.534 54.784 1134.122 n.063 854.109 Bank loarG and overdrafts totslling £1.772.21012023 - £1.865.227J are secured iy a first legal mortgage over all the freehold wopetyand a rrtyage debenttre over the dwritysasset& CREDrroR&" AMOUNTS FALUNG DUEAFfER MORE THAN ONEYEAR 17 2023 Bank loans and overdrafts Confimiation deposits re￿￿￿Ed 1.715.536 1.786.515 71,( 1.789.836 1,857.515 Bank loans and overdrafts totalling £1.772,21012023 - £1￿65,227) are secured by a first legal mrtgage over all the freehold property and a mrtgage debenture over the d)arWs assets. Bank loans comprise of a loan an overall tenn of fifteen years and a repayment profile due to explre In February 2025with a lump sum falllng due to be paid. The charty began refinance negotIa￿On5 priortr)the year end and had sub5tantialty agreed the temis for the new loan before 31 August 2024. The final loan agreementwas slgned in eaty September 2024. The no￿5 form part ofthese finanoal statements Page 26 17 CREDITO￿. AMOUNTS FALLING DUEAFfER MORETHAN ONE YEARcontlnued Whllsr the legal fom) of thls loan fadltty was such that the creditor was. ty wrtue of the original loan agreement tem)Ination date of February 2025. due for repaymènt wthin 12 months of the balance sheet date, in realty, the majorfty of the loan was not repayable vathin 12 month5 due to successful finance renegotlation5 priorto 31 kngibSt2024. The new loan agreement effe(tivety represents a continuation of extsting loan finano. albeit with some amended terms, indudins t)ut not limited to. a change in the interest rate and capital ￿paYMent dates. As such, in accordance with FRS 102, the loan creditor has been accounted for in line with the underlylng 'substance' of the transathon, i.& a contfnuation of the finarKe affangemenc rdtherthan its legal Yonn.. Urtderthe new loan agreement interest Js payable at a fixed rate of 3.95% plus a margtn rate of 2.5%. LWES 18 Operatlng leases- lessee Totsl future minimum lease payTftents under n0￿canCe1[ab]e operatrng leases are as follow5: 2023 Not later than one year Laterthan one and not laterthan fiveyears 093 127.955 31,522 16.833 170.048 48,355 19 FUND RECONCILIATION Balano at 1 SeKrtember 2023 Balance at 31 Income Expendltyre Augiist 2024 Unrestrirted Revaluation reserye 1.403.758 1335543 4,571649 (4A83.079) 1A93328 3.739JOI 4571649 {4,483.079) 3.82W1 Restrlrted funds Bak4nce at 1 September 2023 Balance at 31 Inc¢)me EXpen￿t￿re August 2024 Capitsl fijnd 1261 1617) Fund d•s¢rlptlons (a) Unrestrfrted fiFnds The unrestricted fvnds repre%ntthe cumuiatf¥È net inclyne and expenses ofthe tharlty. Ib) The revaluatton reserve represents the effett of the re4aluation of land and buildings at the date of transknon to SORP IFRS 102k The notes fomi part ofthese finar￿la1 statements Page 27 19 FUND RECONCIUATION continued {cl Restrirted fvnds Capital fund: This represents a donaiion of£3.8(K) towards the 5POrts pitrh and a QOLNJ donation from the PTA towards the cost of a piano. Transfers ￿11 be made from the fiJnd to offset depreaation charged on these assets. ANALYSIS OF NEfAssEtS BETWEEN FUNDS funds funds Total FTxed assets Current assets Current liabllitie5 Creditors more than one year 5.023.108 1973.662 (U7&063) {1.789.836) S.024752 1973.662 (2,378.063) {1.789.836) Totsl 3.828,871 3.830.575 21 RECONCILIATION OF NET {EXPEND￿uREvINCoME TO N￿cAsH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income foryear Intsrest payable Depreciation and Ioss on dts[￿l of fixed assets Decreaselllncreasel In stock Decrease in debt¢Ys IncreasellDecreasel in uedltors 88.953 140A67 167258 570 15381 1￿1305 90,647 126,116 165,017 19.9681 5.668 189,912) Net cash flow from operatirE acts 1013334 287.568 ANALYSIS OF CHANGES IN NEf DE Balance at i September 2023 Ca%h flow Balance at 31 August 2024 Cash and cash equl¥alents Cash at bank and In harKI 1.141.993 1￿11￿86 1753519 Debt Debts falllng due l year Debts falling due after 1 year f18,712} (1.786.515) (56.674) {1.715536) 70￿79 (1,865.227) 1.704.603 981369 The notes form part of these financial statements Page 28 PENSIONS AND OTHER posf41EnREMENT BENEFITS (al Defined Contrlbutton penslon pla The charity oper*es a defined contributton Pen￿On plan for some employees. The amount recognised as an expense in the year wa5 £38209 {2023- £30.285). The defined contrlbution liabilty Is allocated to unre5trirted fuThJ& Ib) Defined benefft p￿r￿n pla The teachers of the school belong to the Teacherg Pension Scheme En￿and and Wales Pension Scherne Regulations 2014 {as amended}. These reguL3tions apply to teathers in schools and other edueatiorkil establishments. induding academies. in England and Wales that are maintained by local authortrles. In addibon. teachers In many independent and voluntsry-aided schoo15 a￿1 teachers and lecturer5 in some eSta￿iShMents of fiJrtherand higher education may be eligible for membershlp. MeMbe￿bIp Is automadc forfijll-time teachers and lecturers and, from 1 January 2CK17. aLrtomatic too for teathers and lecturers In part4ime employment followng appointment or a change of contracL Teachers and lerturers are able to opt out of the TPS. THE TEACHERS. PENSION BUDGEnNG AND VALUATJON ACCOUNT though members may be employed by variou5 bodie& their retirement other pension benefits are set out in regulations made under the Superdnnuation P£t {1972J and Public SeThice Pensions Act (20131 and are pald by public fvnds provkled by ParliamenL The TPS Is an unfvnded scheme and members contrlbute on a'pay as you go tsis- contributions from members along with those made by employers, are credited to the Exd)equer underarrangementsgoverned tythe ab(Ne Atts. The Teachers, Pensions Regulations 2010 requlre an annual accoun¢ the Teathers, Pen51on PAJdgetlng and Valuatton Accoun( to be kept of receipts and expenditure linduding the cost of penslon Increa5esl From l Aprll 2¢X)1, the Account has been (redited ¥vlth a real rare of retum, %thith is equfvalentto assumingthat the balance in the Account is invested in Tr)tional invesrments that produce that real rate of retum. VALUATION OF THE7EACHERS' PENSION SCHEME A5 a result of the 2016 scheme valuation ernployer contributl¢)ns were Increased In September 2019 from a rate of 16.4% to 23.6% Employers a150 pay a charge equtvalent to 0.08% of penslonable salary costs to cover administrati¢)n expenses. A5 a result of the latest scheme valuation dated 26 oct[￿ 2023 emplw contributions were Increased to 28.68% from 1 N)ril 20 A copy of the L3te5t valuatlon rewt can be ftyjnd by fol1trl￿n8 thls Ink to The notes form parr of thesefinanaal statements Page 29 RELATED PARTYTRANSAcnoMs Inforrnation aboLrt rekted partytransacttons and outstandlng balan￿ is ourllned belovr. Outstsndlng balances ffrade credltorsl Expendlture A8ne Llmfted. a comparyof v4hith Mr S Cosdgan Is a dlrecthr At 31 August 2024 At31 August 2023 5,931 6.140 The expendtture of £5315 (2023 - £5A331 relates to marketing costs and £616 12023 - £707) relates to st*lonery. prfnting and slgnage. FINANCIAL INSTrUMENTS The carrytng amounts of the charitys finanaal Instruments are as follo￿. 2023 Flnanoallièbilities Measured at amortlsed c05t - Bank loan5 (see notes 16 and 17) 1.Tll210 1.888,153 The expenses attributsble the tharrtys ftnarbial Instrutnents are summarised as follobks: 2024 2023 Expenses Flnancial Ilabilitles measured at amortlsed cost Bank loan interesr Hire purchase Interest (11￿867) 1126,1161 {1.681) The notes fomi part ofthese finanaal statements Page 30