Charity Registration No." 528143
Company Reglstration No.: 00669916 IEngland and Wales)
Th8 Northumbrian Educational Trust Ltd
{OpeYating as Westfield School
Annual Report and Financial Statements
For the year ended 31 August 2024

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Legal and administrative details
Governors
l Greenshields
L Keightley
L Dowie
K Bainbridge
J Rowley
K Mclaughlin
L Solly
Charity numbor
528143
Company number
00669916
Reglstèred office
Westfield School
Oakfield Road
Gosforlh
NewcastS8 upon Tyne
NE3 4HS
Auditor
S&W Part￿erS Audit Limited
17 Queens Lane
Newcastle Upon Tyne
NE1 1RN
Bankers
Barclays Bank PLC
71 Grey Street
Newcastle upon Tyne
Solicitors
Womble Bond Dickinson LLP
One Trinity
Broad Chare
Newcastle upon Tyne
NE12HF

The Northumbrlan Educational Trust Ltd
Ioperating as Westfield School)
Contents
Page
Governors, report
Independent auditor'g report
10-13
Statement of ftnancial activities
14
Balance sheet
15
Statement of cash flows
16
Notes lo the flnancial statements
17-33

The Northumbrian Educational Trust Ltd
(Operating as Westfield School
Governors, Report
For the year ended 31 August 2024
Tha governors are pleased to presènt their report and accounts for the year ended 31 Augus12024.
The accounts have been prepared in accordance with the accounting policles Sel out in note 1 to the accounts and
comply with the school's memorandum and article8 of association, the Companie8 Act 2006 and "Accounting and
Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their 8CCOLEnts i
accordance with the Financial Reporting Standard applicable in the UK and Republic of I￿land IFRS 1021. las
amènded for accoursling periods commencing from 1 January 20161.
Objectives and activities
The charity's objectives are, as sel out in Ihe memorandum and articles of association, to run a school where pupils
11 obtain a high star]dard of education. The policies adopted in furtherance of these objects are the running of
Wesitield School for girls in the age range 3 to 18. Facilities appropllate lo the age of puyls are provided in Junior
House lage 3 10 11) and Senior House lage 11 to 1818fKI, as Ih8se are separate buildings on the same site, full
Integration as a single school is achieved.
A well-planned and balanced curriculum is taught in both Junior House and Senior House, In Senior House, girls are
prepared for a wide range of subjects al CCSE. After GCSE, the major*ly of girls progress to the Sixth Form where
they aFe able lo choose from a full range of subjects at A level. both traditional ac&lemiG subjects and also more
vocational ones.
The ethos of Westfield School is based very much on the development of the individual within a broad and
challenging curriculum. Teaching methods are a carefvl blend of the traditional and the t)est in new ideas, while a
variety of extracurricular activities supplement the broad curriculum. Classes are kept small to ensure individual
excellence in a variety of other spheres. Wesllield is a member of Round Square, 8 worfdwide association of like-
minded sthools based orb the philosophy of Kurt Hahn who founded Gordonstoun Sch(K)I, Scotland (further details
on page 3)- Entrance to the school is non-seleclive. All enttants to Senior House 811 an assessment in English and
Maths. We are proud that our girfs leave as mature, thoughtful, well-rounded and interesting young women in line
with our all-round educational ethos, and this year was no exception.
The governors have p2id due regard to guidance issued by the Charity Commi8sioll in deciding what activities the
school should undertake.
The charity's policy is to consult and discuss with employees. through staff representatives and al meetings, matters
likely lo affect employees, interests.
Information on matters of concern to employees is given through staff meetings and reports.
Applioalions for employmènt by disabled persons are always fully considered, bearing in Mir￿ the apliludes of the
applicant concerned. In the event of members of staff becoming disabled, every effort Is made lo ensure that their
employment within the charity continues and that the appropriate training is arranged. 11 is the policy of the charity
that the training, career development and promotion of disabled persons should, as far as possible, be identical to
that of other employees
Achievements and Performance
AcademiG
erformance
This academic year saw a full progr8mme of GCSE and A level examinations. The proportion of grades was tied,
nationally, lo 2019 levels.

Thg Northumbrian Educatlonal Trust Ltd
(Operating as Westfleld School}
Governors, Report
For the year ended 31 August 2024
A Level Overall Headlines..
A, E = 1000/0 {2019- 95 10. 2023 - 100°/01
A'_ A = 21'/)12019_ 270/0, 2023_ 24Q/ol
8= 44°/.12019-40%, 2023- 390AI
A.. C = 720/012019_ 71 Q/0, 2023- 76Q/ol
GCSE Overall Headlines..
9- 4 = 86'h (2019- 890/0)
9- 5 = 68'A {2019- 770/01
9-7=25/0{2019-41 %)
5+ 9- 4 with E&M - 85D/o12019 - 71fj￿}
5+ 9 _ 4= 88gk {2019_ 760/01
The headline figures show that, although the number of top-grade GCSE passes were down, the number of
candidates achieving 5 or more passes was up considerably in comparison with the last cohort who were examined
externally120191.
The overall performance - as measured by 5+ GCSES including English and Maths - is an excellent outcome and
demonstrates the success that Westfield had during the Covid years was a true reflection ol the work put in by
teaehers as it has been sustained posl-Govid.
Junior House
Junior House is split into two sections,. Brightslart (Nursery, Reception and Key Stage 11 and Prep IKey Stage 21.
The flexibility of Brighlslart with mixed age groupings allows for a more skills-based approach rather than activities
being dictated by age. Exciting new areas for nursery were developed wilh ￿th indoor and outdoor play emphasised
along with a tighter focu8 on establishing the foundalKJns of early skills including phonics.
In Prep. year groups have their own class teacher with some subjects being delivered by specialists from Senior
House. Alongside this continuity of education, the advantages of having specialist teachers delivering spec&alist
subjects are seen to str&tch and challenge the girls in their leaming.
Round Square
The school's membership of Round Square continues to create opportunities for the entire school with the Curriculum
encomp8S5ing the six pillars of the Round Square IDEALS" of Internationalism, Demtscracy, Environment,
Adventure, Leadership and Service. Girls leam to think creatively, to recognise each olherfs strengths and talents
and inspire each other lo work together lo achieve commorb goals. Round Square allows opportunities for our pupils
to broaden their horizons by meèting with other schools, visiting other countries and ernbracing different cultures.
We continue lo work wth schools across the UK and around the worfd utilising both on-line and in person
opportunities. This mixture of virtual and face-lo-face activity enables greater levels of parlicipalion regardless of
ability to pay
In Junior House we were the key pilot school for the Heroes of Discovery, a primary character development
programme focused on the 12 aspects of the Discovery Framework. We are currently in contact with schools in
India, Europe, Africa and Australasia sharing ideas about grO￿ng the impact of the Discovery Heroes.
In June 2024 we hosted a conference for 1D-12 year olds irb Northumberland with the theme of Adventure. 12
schools from 9 COLintries across fO￿r conlinenls spread across 11 time zones joined Westfield pupils for a long
weekend of Round Square activities at Ford Castle.
In November 2023 our annual Round Square Fundraising afternoon helped raise funds to sponsor our student al
Slarehe Girls School in Kenya. Each form planned a fundraising activity and assist& with the logistics of the

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Governors, Report
For the year ended 31 August 2024
afternoon, The Round Square Exchange programme also started up again with one girf spending 5 weeks in Japan.
Further exchanges are also arranged for 2024-25.
TTIPS
With the increase in girls not being allowed lo spend nights away from home for cultural reasons, WeStf￿]d moved lo
running adventure days for every year group rather than residential trips. Every year group in Senior House went to
WhickFiam Thornes in September for adventure and bonding activities and Key Stage 2 took their annual residential
trip lo Ford Castle in May 2023.
Aside from these, there are weekly Forest School and Beach School trips and curriculum subjects include trips when
possible for example Geography fi'eld trips, theatre trips, sports tours and a ski trip.
Junior House look the girls on trip8 lo the Iheatfft, lo the Discovery Museum, on a transport tour and enjoyed a visit
from a fire engine where the gids even had a chance lo try out the hoses on the school field.
Duke of Edlnburgh
Bronze Duke of Edinburgh continues to be popular with Lowèr 5 (year 10) and al Gold level we continue our
partnership with Newcastle School for Boys.
Creatlve and Performing Arts
The Creative and Performing Arts continue to play a key role in the development of character al Wesffield. This year
saw many girls performing on instruments, singing and taking part in the school orcheslia in our musical soirees in
winter and summer. Our Key Stage 3 Drama club, run by Sixth Formers, staged a very successful perfomiance of
Frankenstein. The art department held an exhibilK)n of the girls, GCSE and A level work in Fine Art, Textiles and
Graphic Design this ygar.
stretch and Challenge
As part of the drive lo increase acsdemic challenge and ownership of learning. the school has introduced cha(lenge
day8 acrci8s year groups and a set of independent challenges known as 'The List,. House challenge assemblies
occur fortnighlly and every half term a year grouplkey stagelwhole school off timetable event occurs, These have
proven very popular with pupils and have seen a whole school 'Taskmasler'. a frittata contest and a summer
Challenge Fair amorbg marby olheis which lead the girls to gain skills in leadership, Problem solving, lenacily and
crealivily. The opportunity for all pupils lo demonstrate independent learning, academic challenge and the ability to
bounce back from failLfre is a very important embodiment of our ethos of success lor all. The prominence of a re-
vamped House Point system and an Exhibition of Excellence r8¢0gnise those pupils who have faced challenges and
SuC￿eded through ingenuity and perseverance.
Extracurricular actlvltles
A full programme of activities is available to the girls ￿rosS all year gTOUPS, taking place before and after school as
well as al lunchtime. Through the year, over 40 differersl clubs and socletles taking place each week including.. chess
club,, write now Icrealive wiitirngl,. well-being Wednesdays., trampolining., cookery.. clay clLtb.' and robotics. Our aim is
for every girl up lo the age of 15 to take part ir) al least 3 clubs per week and for GCSE and above pupils lo
participate in at least 2 non-curriculum related clubs. A new prograrllme of rewards and reGognilion for extra-
curricular Involvement was inlrodLJced this year.
Public Benefit
Westfield School provides education to pupils who would olhenmise be educated in the maintained school sector at
the Government's expense. However, the board of governors recognises Ihal il has wider responslbilities lo the
community al home and abroad. The sctrKX)I welcomes pupils from diverse religious, ethnic and financial
background8 and 8im8 lo maintain its academic excellence coupled with a non-elilisl almospheie, which is highly
valued by both parents and pupil8.

The Northumbrian Educational Trust Ltd
(Operating as Westfield School
Governors, Report
For the year eTEded 31 Au
ust 2024
There are four main sub-sections lo the public benefit programme..
the provision of bursaries and scholarships
partnerships and collaboration
community Services
direct charitable giving
The governors have had regard to the Charity Commission guidan￿ on public benefit.
Partnershlps and collaboration
The school has links with the neighbouiing old people's home and acts as 2 designated 24 hour'safe location, for the
residersls in case of an emergency situation.
Our partnership with Newcastle School for Boys INSB) continues with shared teaching in the Sixth Form. Boys
attend classes in some subjects at Westfield and our girls attend different subjects al NSY, This year, thre8
enrichment qualifications were offered.. a Sports leader award.. a financial qualification." and the Extended Project
Qualification. The teaching of these was split between the two schools.
Community links
Westtield School is keen to support and engage with the wider community. Charitable activitie8 are undertake
throughout the year, both at home and abroad, 88 part of Round Square SeNice. We sponsor a girl lo complete their
education at the Starehe Girls, School in Nairobi 8s well as providing education to a refugee from Ukraine. Girls are
able lo fundraise for causes that are important lo them and this has included raising funds and donations for victims
of the earthquake in Turkey.
Four members of staff acl as governors at local state-funded schools or academies.
There is an active policy of making the school's facilities available outside school hours to loeal organisations. The
North East Sports Camp ha8 offers holiday club activilies, and the school is also still used as a polling slalion during
local and General elections. We aim to reach more organisalions in the coming year.
We continue lo grow our GCSE Further Maths Outreach programme whlch is benefitting students from local school8.
Last year we offered 5 classes per week13 face to farE including one laughl al Kenton School and 2 virtual) lo over
100 pupils from 10 differersl schools. We have over 65°A female pupils in order lo boost the uptake of women in
STEM careers. We provide transport lo the in-person classes and, for those who travel a long distance, transport
home as well as paying the exarn fees on request. Alongside this, we host the North East AdVan￿d Maths in
Schools Project Saturday sessions for free.
Non-linancial charitable activities also look place, including=
The choirs performing in Asda al Chrislmaslime
Environmental service with Urban Green in Exhibition Path and Jesmorid Dene park
Receipt and coordination of foodstuffs for the People's Kitchen
Bursaries and scholarships
It has always been the policy of Ihè govèrning body that the distinctive all-round education offered by the school
should not be restricted lo only those families who can afford full fee5.
Scholarships are awarded lo puplls for the duration of their education at the school. Bursaries may be awarded lo
new enlr8nls and lo existing girls. Bursaries are means tested and reviewed annually. The school is pursuing a
licy of shifting the emphasis of fee remissions towards means tested support.

The Northumbrlan Educatlonal Trust Ltd
(Operating as Westfleld School)
Governors, Report
For the
ear ended 31 August 2024
In the year ended 31 August 2024 Wesffield School gave fee remlssions for 95 bursaries and scholarships equating
10 £491,386 12023 90 amounting to £415,188). This equates to 18.16010 of fee Income (2023 - 18.ODAI. Of this,
me8n8-lesled bursaries account for £395.859 or 70Q/o of all fee remissions12023 £339,750 or 68¥0)- Overall, 260/0
of pupils have some level of bursary support.
To allract pupils who would benefit from an education at Westfield, the school advertises ￿delY in the local
community.
Charitable giving
Charity fundraising events have taken place this year and within school we raised £3,199,4712023 - £3,120.11). Th18
was donated lo charities as follows-.
Poppy Appeal
Slarehe School in Kenya
Macmillan's Nurses
Save the Children
Peoples Kitchen
Morocco Red Cross
Doctors wilhoul Borders
Crisls Charity
Finanelal Review
The governors report that the school realised a surplus figure of £74,684 in the year ended 31 August 2024.
The prlncipal source of funding is the school fees received for the provision of educational services.
A small amount of additional income is provlded through lellings, although this only smounted lo £13,177 in the year
ended 31 August 2024.
Going Concern
The governors recognis& the need to ensure that the school operalas efficiently and effectivety and maintains a
healthy and sustainab'le cash flDW and manageable debt provision. However, the imposition of 200/0 VAT on luilion
fees by the new Labour Government together with the abolition of business rates relief, has affected the affordability
of an independent education. and pupil numbers are lower as a result. The governors have continued to develop
strategies for increasing pupil numbers whilst beller ulilising the school's asset base and have implemented a
rigorou5 Cost control programme. Senior House recruilmenl has shrunk for the reasons Staled above whilst Junior
House numbers have remained steady. Current pupil numbers for 2024-2025 Sndicale a surplus for this coming year
as do the expected numbers for 2025-2026 and 2026-2027. The Governors realise that maintaining the pupil
numbers going fonward is essential to the financial health of the trust and the'going concern criteria and this is
recognised in the risk factors listed below. MontFily management accounts and updated cash flow forecasts are
presented lo the Board to provide continuous monitoring of this.
Resorves Policy
Note 22 of the financial statements shows the net assets by category attributable lo the variou8 fLJnds. Restricted
funds amount to £28,33812023- £32,873) and unrestricted funds £1,939,62012023 - £1,810,651)
The governors keep under remew the Charity's needs for reserves in line with the guidan￿ issued by the Charity
Commission. Mindful of the need to utilise reseTves lo support and enhance the charitable purposes of the company.

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
GovemoTS' Report
For the yeay ended 31 August 2024
in the short term the board's policy is to carilinue lo ulli ise its reserves and invest in capital developments within the
school in terms of both additions lo and improvements in facilities.
The school owns and occupies an extremely attractive sile in central Gosforth. Th18 Slte offers not only an excellent
location bul an exceptionally good range of facilities, spacè and development options. This site was professionally
valued at £6,365m in 2023 based on market value. The updated (increased) replacement cost value for buildings is
£12,576,029 and buildings insurance cover has been taken out al this value. With no alleralions having been made
to the premises during 2023-2024 the Govemors IDir8clorsl corssider th81 the 2023 valuation is still valid (see Note
1.6 to the financial statements).
The short-term policy is lo adjust reserves and reduce debt through asset reconfiguration arising from the premises
development strategy, whilst fulfilling the charitable objectives. In the medlum to long term the board will endeavour
lo build reserves by means of annual operating Surpluses arising from increased pupil numbers and continued cost
control measures, therèby maintainlng the charity's commitment to pupils and meeting its financial obligations.
Inve$tment Pollcy
The board of governors, policy is lo credit cash received from all sources, unless specifically inslrucled, lo the main
school barik account. There is a business account which earns a nominal amoLint of interest lo which all surplus
monies (above £1,000) are transferred automatically from the school current account on a daily basis. Due to the
recent popularity of the school's Fees in Advance sd)eme the school's bank balances have risen sufficiently to
enable investment of £250,000 on 32-day short term deposit as at 31 August 2024.
There are no restrictions upon the charitable company's wwers to invest.
Risk Factors
The governors have assessed the major risks to which the school is exposed, and are satisfied that systems are in
place lo miligale exposure to the major risks. which include..
Local competition - fees level
Safeguarding
Cost containment
Staff recruitment and retention
Changing economic circumstances of local population Iparentsl
Academic achievement
Political situation le.g. the imp05111on of VAT on fees. etc.}
It should be noted that the Governors have decmled to pass on the full amount of the 20&/0 VAT imposition on tuition
fees lo parents Wlth effect from 1 January 2025 and parent8 were advised of this decision in August 2024.
Detailed consideration of the risks is delegated lo the Finance and General Purposes Committee. Risks are identified
and assessed, and controls established throughout the year. A formal review of the risk management is undertaken
regularfy.
Tre key controls include:
formal agendas lor all Iwice-termly board meetings and monthly Finance & General Purposes committee
mèetings
comprehensive strategic planning, budgeting and management accounting wilh monthly reports
the maintenance of a r5sk register, which identif185 risks faced by the charity. The register is regularly
updated and reviewed
formal wrtllen policies, with clear authorisalion and approval levels
velling procedures as required by law for th& protection of chlldren

The Northumbrian Educational Trust Ltd
(Operating as Westtield School)
Governors, Report
For the year ended 34 August 2024
Through the risk management processes established by the board, governors are satisfied that the major risks
id8nlified have been adequately mitigated where rkecessary. It is recognised Ihal systems can only provide
reasonable but not absolute assurance that major risks have been adequately managed.
22 out of 36 teaching staff are members of the Teachors, PensK>n Scheme, an unfunded defined benefit
occupational pension scheme, contribution rates lo which are determined by the Secretary of Slate. The latest
published actuarial valuation al 31 March 2020 (published on 26 October 20231 indicated a whole scheme notional
past seNice deficit of £39.8 billion. This report prescribed changes in EMploye￿S contributions from 23.680/0 Ir)
28.68°h with effect from Awi12024.
The r8mainder of leaching114) and non-leaching slaff122) are enrolled in DC schemes where appropriate.
The key objectives in the school's development programme illclude tho following..
la increase pupil numbers withoutjeopardising academic performance or affectlng pastoral care
to balance a high level of academic achievemenl with a broad curriculum, supported by an effective pastoral
care system
to widen public aC￿SS lo the school in terms of bursaries, as far as PDssible. wthin the conslrainls ol the
level of funding available as an independent education provider, wilhoul the benefit of endowment funding
lo promote the 8chool'5 links wlh the I(￿81 and wider community through community sewices and other
academic, 8POrting and cultural activities
lo implement plans lo improve the facilities, buildings and infrastructure.
Structure, Governance and Management
The school is a company limited by guarantee, not h8ving any share capital. 11 is governed by ils memorandum and
articles of association. There have been no changes during the year. 11 is registered as a charity with the Charity
Commission. Individual members of the governing b(xJy constitute directors of the company for the purposes of the
Companies Act and governors of the charity for the purpx)ses of the Chanlies Act.
The govemors, who are also the directors for the purpose of company law and who served during the year were.,
Jacqueline Rowley BAIHonsl Elected
lain Greenshields LLB Elected
Kris Bainbridge BA (Honsl Elected
Lex Dowie MA Icanlabl Elected
Liz Keightley BA IHons} Elected
Keiran Illaclaughlin MA (Honsl Re-elected 221412024
Lucilla Solly Elected
Clerk lo the governors- Joseph L*se FCPFA
The board of governors is empowered lo appoint new governors lo the board to fill ￿SUal vaGanGies. All governors
so appointed are required to seek re-election al the succeeding annual general meeting. One third of the governors
retire at the annual general meeting and, if eligible, are enlilled to be re-elected.
Anyone over the age of 18 can become a member of the company and there are currently 7 m8mbers12023 - 7
members). None of the governors has any benethGial interest in the company. All of Ihe governors are member8 of
the company and guarantee to contribute £1 in the event of a winding up.
Indemnity provision for governors is provided through the school's insurers.
The board ol governors ad￿InisterS the chartly and determines the general policy of the school. The board meets
half-lermly, reviewing the current management flnanci21 reports and projections, together with the current strategy

Yhe Norihumbrlan Educatlonal Trust Ltd
Iopèratlng as Westfleld School)
Governors, Repori
For the year ended 31 August 2024
con8ideralioNs. There Is a sub-commillee coverlng flnance and general purp0$88 which meels monthly. The
Headmaster is appolnted by the governors lo manage the day lo day operallon8 of the charity. To facllilale effeGtlve
operations, the Headmaster has delegated aulhorily, wlthln the term8 of delegallon approved by the governors, for
operatlonal matters, Includlng flnance, employment and currlculum related activity, The Headmaster has appointed a
senior management team whlch assists with the implementation of pollw.
Flnanee and Genoral Purposes Commlttee Members
laln Greènshields
Llz Kelghlley
Jackle Rowlgy
Senior Managemenl Team
Headmaster- N Walker Bsc MA PGCE
Dgputy Head- K Qulnii BA Hons PGCE
Head ofJunigr Housé- J Dral(e Bed NPQH
Head of Sixth Form- Mrs N McGowan BA Hons PGCE
Bursar- J Leese FCPFA
SENDCO and SeniorTeachgr- E Thompson BSG BD IOUI, PGCE
New Governor8 are provlded with induolion training when 81ectedlappolnled lo famillarise them8elve8 with the
sohool. In particular, the following areas are covered..
Safeguarding
Goverriance ol charitles
School polici&s and procedures
The above 18 reinforced annually through the inclusion of presentations by school staff at Board meelingg, by
811endance at termly Insel days, ad hoG onsite Iralning (Safeguarding, AGBIS, elc.) and the annua1 re-revlew of
school policies, Governors are also assigned a speciflc faculty wilh whom they should co-ordlnate vla the Head of
faculty.
There are no related party Iransactfons to rep￿1.
Audstor
S&W Partn8rs Audll Llmlted were Te-appolnted 88 auditors al the AGM held on 2210412024.
Dlsclosure of informatlon to auditor
Each of the govemors h3s confirmed that there is no informatlon of whlch Ih8y are aware whlch 18 retevanl lo the
audit, but of whlch the audllor is unawar8. They have further confirmed that Ih8y have taken appropriate step8 10
Identify such relevanl Information and to establlsh that the audllor Is aware of such Information.
The governors, report was approved by the Board of Governors.
J Rowlay

The Northumbrlan Educatlonal Trust Ltd
{Operatlng as Wastfl&ld School}
Govefnor8' Report
For tho year ended 31 August 2024
STATEMENT OF GOVERNORS, RESPONSIBILITIES
Th8 Gov8rnor8' Iwho ar8 also direolors of Northumbrtan Educational Tru81 North E8sI for the purpose of Company
lawl are responslble for preparing the Governors, Report and the Iln8nclal slalgmenls In accordance wllh
applicable law and UnSled Klngdom Accounting Standards (Unlled Klngdom GBnerally Accepted Acoounllng
Practl¢el.
Company law requlres the Irusleeg lo prepare linanctal 8talemènts for each financial yegr, whlch glve a tru8 and
falr vlew of the Slate of affairs of th6 charilgble Company and of the Incomlng r8sourca8 and appllcallon of
resources, including the incom8 and exp8ndltur8, of Ihg chaillable company for that period. In pr8pBring these
flnanclal slalemenls, Iha Iruslees ore required lo..
selecl suitable accounllng pollcies and then apply them consislenlty,.
observe the molhods an(1 prlnclples in the ChaTilles SORP 201 S IFRS 1021.,
make ludgemenls and esllmales that are reasonable and prud8nl-
slate whether applicable UK Accounllng Sl?nd&rds have bean followad, subl8Ct io any m8leTlal
departures dlsclosed 2nd explained in the financlal $latemenl$', gnd
prepare the linancial slalemènls on the golng conc8rn basls unless 11 is inapproprlale lo wesume that the
charil8b18 company wlll continue Sn oparallon. As explained In note 1.2 to th8 Ilnanclal sl4lamants, the
Governors have prepared tho flnancial statements on a basis other than going concern.
The Ini8lees are responslble for ke9plng aclequal8 accounting records that dl8cIo8e w51h reasonable accuracy al
any Ilme Ihe financlal posllion of the charitabl8 company and enablg thom lo ensure that Ihe flnancial statements
comply wllh the Companl8s Act 200B. Thay are also rèsponsibl& for safeguardlng th¢ assets ol the Cliarllable
company and hence for taking reasonable 8teps for the prev8nlion and d¢leclion of fraud and other Irregularflles.
In so f8r as tho Iru8lee8 are aware..
there18 no relevant aud51 Ihfomialion of whlch the charllabla company'8 auditors are unowar8, and
the Irusl8È5 have takèn all the steps Ihol Ihey oughl lo have taken lo make Ihem8elve8 aware of any relevanl
audll Inlormalion and to eslabllsh that Iha auditor Is awaie of that Informallon,
Th18 reFKJrt was approved by the GoveTnors' on ....
Signed on behalf of the Board
Jacquellne Rowley
Chalr

The Northumbrian Educatlonal Trust Ltd
(Operating as Westfleld School)
Independent Auditors Report to the Governors of The Northumbrlan Educatlonal Trust Ltd
For the year ended 31 August 2024
Opinion
We have audited the financial statements of The Northumbrian Educatiorbal Trust Limited Ith8 'charilable
company'} for the year ended 31 August 2024 which comprise the Statement of Firlancial AclivilEs, the Balance
Sheet, the Cash Flow Statement and notes to the financial slalemenls, including a summary of significant
acci)unting policies. The fi'nancial 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 practi￿),
In our opinion the financial statements..
give a true and fair view of the slate of the charitable company's affairs as St 31 August 2024, and of its
incDming 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 oplnion
We conducted our audit in accordancè with International Starsdards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of
the financial slalements section of our report. We are independent of the charitable Company in accordance with
the ethical requirements that are relevant lo our audll of the financial slalomenls in the UK, including the FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
bolieve that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slalements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo evenlg or
conditions that, individually or collectively, may cast significant doubt on the charitable Company's ability to contin￿@
as a gging concern for a period of at least twelve months from when the financial statements are authorised for
Isgue.
Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the
relevant sections of this Teport.
We have nothing lo report irk this regard.

The Norihumbrian Educational Trust Ltd
(Operating as Westfield School)
Independent Auditors Report to the Governors ofThe Northumbrian Educational Trust Ltd
For the year ended 31 August 2024
other infomiation
The Iruslees are responsible for the other information. The other information comprises the information included in
the Irustee8' arinual report. other than the financial statements and our audilorfs report Ihereon. Our opiniork on the
financial slalements does not cover the other information and, gxcept lo the exlenl otherwise explicitly slated in our
report, we do not express any form of assurance conclusion Ihereon.
In connection with our audit of the financial slatemenls, our responsibility Is to read the other information and, in
doing so, conslder whether the other information is materially inconsislenl the financial statements or our
knowtedge obtained in the audit or otherwi8e appear8 to be materially misslaled. If we identify such matertal
inconsistencies or apparent material misslalements, we are required lo determine whether there is a material
misstatement in the financial statements or a material misstalemenl of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are required lo
report that fact,
Oplnlons 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 trustees, report lincorporaling the directors. report) for the financlal year ft)r which
the financial statements are prepared is consislenl with the financial slalements", and
the directors, report has been prepared in accordance wth apyicable 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 ils environment obtained in the
course of the audit, we have not identified maleiial Misslatemenls in the directors, report.
We have nothing to report in respect of the following mattèrs In relation lo which the Companies Act 2006 requires
us lo report lo you il, 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
ertain disclosures of directors, remuneration specified by law are not rn8de', or
we have not received all the informatlon and explanations we require for our audit., or
the trustees were not enlilled lo prepare the financial statements in accordance with the small CoMpa￿les,
regime and take advantage of the srr>all Gompanies, exemptions in preparing the directors, report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trLlStees' responsibilities statement set out on page 12, the trustees (who are also the
dlrectors of the charitable company for the purposes ol company lawl are resrx)nsible for the preparation of the
financial statements and lor being satisfied that they glve a true 3nd fair view, and for such intemal control as the
Iruslees determine is necessary lo enable the preparation of financial statements that a￿ free from material
misstalemenl, whether dug lo fraud or error.
In preparing the financial slstemenls, the trustees 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
cors¢ern basis of accoL(nting unless the trustees either intend lo liquidate the charitable company or to cease
operations, or have no realistic alternative but lo do 80.

The Northumbrlan Educatlonal Trust Ltd
Ioperatlng as Westfleld School)
Independent Auditors Report to thè Governors of The Northumbrian Educatlonal TrustLtd
For the year ended 31 August 2024
Audltor's responsibilltles for the audit of the financial statements
We havè bèen appoinled auditor under the companles Act 2006 and we report In acGordance wth this Act.
Our obleGllves are to obialn reasonable asguran¢e 8boul whether the finanoial statements a8 9 whole are free from
material misstatement, whether due lo fraud or error, and lo Issue an audltor's reporl that Includes our o￿nIOn.
Reasonable assuiance is a high level of assurance, bul is not a guarantee that an audll conducted in aocordan¢e
wlth ISAS IUKI will always detect a malerlal misglatemenl when it exlsts. Mlsstglements can arise from fraud or
error and are considered material if. individually or in the aggregate, they could reasonably be exwled t()
Influence the economic decisions of users taken on the ba818 of these financial statements.
IrregLJlarllies, incltjding fraud, are instances of norFcomplian¢e with laws and regulallons. We design procedures in
Ilne with our re8ponsibilitles, oulllned above, to delecl material misslatemenls Ih resp￿1 of Irregulari119s, Including
fraud. The extent lo which our procedures are capable of detecting Irregularities, including fraud, 18 detallgd be50w.

The Northumbrlan Educatlon41 Trust Ltd
(Operating as Westfleld School)
statement of Financial Activities {includiny the Income Expenditure Account)
Forthe
ear ended 31 Au
ust 2024
We obtalned an understanding ol the legal and regulatory framework applicable lo both the company Itself and the
Indu81ry in whlch 11 operates, We idenllfied areas of laws and regulations that could reason8bly be expected lo
have a material effect on the financial statements from our sector experknce and through discus8lon wllh the
dlreclois and other managemonl. The most slgnificanl were iden1111ed as the Charities Act 2011, Companies Act
2006, UK GAAP (FRS102) and relevant lax leglslalk)n. We considered the exlenl of comtAiance with those laws
and regulat1on8 as part of our procedurès on the related linanclal slalemenls. Our audit proGeduies included:
confirrr>lng wlh the Iru81ees and management whether they have any knowledge or 8uspicion of fraud.,
obtaining an understanding of th8 internal controls est8bll8hed lo miligale risks related lo traud or non-
compliance with laws and rogulallons.
a8sesslng the risk of management overrlde including identifying and lesllng a sample of journal enlrles..
confirmation recelved from the banks to verlfy the balance as on the last day of the accounling year,,
rewewng minutes of meetings of those charged with governance,. and
ChaI￿ngIng the assumptions and judgements made by management in ils slgnlflcanl accounting eslimales.
Our audit did not Idenllfy any key audll mallers rtlaling lo the delec11on of irregularities inclLKllng fmud. However,
despile the 8udll being planned and Conducted in accordance with ISAS IUKI there remains an unavoidable rtsk
that material misslalemenls in the financlal slalemenls may not be delecled owng lo inhoronl Ilmllallons of the
audit, and that by Ihelr very nature, any such instances ol fraud or Irregularily likely involve collusion, lorgery,
intentional misrepresenlalions, or the override of internal controls.
A lurthor descrlplion of our responsibilities for the audil of the financial statements Is located on the Financial
Reporting Council's web811e al,. www.frc.org.uklaLJdllorsresponsibililie8. Thls description forms parl of our auditor's
report.
Use ol our report
This report is made solely lo the charitable company's mem￿[S, as a body, in 8ccoidance wilh Chapter 3 of Parl
16 01 the Companies Acl 2006. Qur audit work has been undertaken so that we might slate lo the charllable
Gompany's members those mallers we are requlred lo slate lo them in an auditor's report and for no other puipose.
To the fulle81 extent permillecl by law, we do not accept or 8ssume iesponsibilily lo anyone other than the
harilable company and the charitable company's members as 2 body. for our a¢Jdll work, for this rep)rl, or ts the
oplnions we have formed.
Craig Henderson (Settlor Stoiutory Audltorl
For and on behalf ol S&W Partners Audit Llmiteil
statutory Auditors
.,23Awil￿o2s.......,..
17 Queens Lane
Newcastle upon Tyne
NE1 1RN

Th8 Northumbrian Educational Trust Ltd
(Oporatlng as Westfi61d School)
statement of Financlal Activlties (Including thg Income and Expenditure Accountj
Forthe
ear ended 31 August 2024
Unrestricted Unrestrfcted Restricted
Fund
Funds
funds
general
de81gnated
Total
2024
Total
2023
Notes
Incomefrom:
Charllable actSvlties
Investment Income
Other Income
2,963,326
7,161
499
507 2,963,833 2,542,230
7,161
2,014
Total Income
2,970,986
507 2,971,493 2,544,244
endit
Costs of provldlng education
Other costs
2,793,883
99,136
2,140
1,650 2,797,673 2,396,737
99,136
97,500
Total expendltur8
2,893,019
2,140
1,650 2,896,809 2,494,237
Net Incomlng resources before
lYansf&rs
77,967
74,684
50,007
Gross Ir8nsfers between fLtnds
51,OQO
(51,000)
Net Incoming resources
128,967
{53,140) 11,1431
74,684
50,007
Other recognised galns and losses
Revaluation of tangible r￿ed assets
2,540,000
Net movement in funds
128,967
74,884 2,590,007
Fund balances at 1 September 2023
1,810,653
2,543,392
29,481 4.383,528 1,793,519
Fund balances at 31 August 2024
1,939,620
2,490,252
28,338 4,458,210 4,383,526
The stalsmenl of financial activilles Includes all gains and1088es recognised In the year.
All income and expendlture derivo from oontlnulng acti￿lIeS.
14

The Northumbrlan Educatlonal Trust Ltd
(Oporallng as Westfi&l(I School)
Balance Sheet
Asat31Au
U5t 2024
Nr)tO5
2024
2023
Flxed assèts
Tanglble assets
12
8,317,073
6,447,115
6,317,073
6,447,115
Current as59ts
Stock
Debtor8
Cash al bank and In hand
13
14
1.822
48,005
519,147
1,891
104,534
100,057
568,974
206,482
¢redltors: arnounts folllng due wllhln
ono yaar
15
{ 1,091,359)
1753,288 .1
Not current Ilabllllles
1522,3851
(546,7861
Total assets less current Ilablllugs
5,794,688
6,900,329
Cr¢dltors.' amounts falllng duo after
more than one year
16
11,336,478 }
11,516,803)
Net a5521s
4,458,210
4,383.526
Income funds
Reslricled funds
est Icted funds
Designated funds
Gèneral unrgslrlcled funds
20
28,338
29,481
2,490,252
1,939,620
2,543.392
1,810,853
4,468.210
4,383,526
These financial stalemenls hav8 btren prepared In accordance wllh the provrdlons appllcable lo cgmpanles svbl8¢1
lo tho small companies reglme,
Approved by th8 Governors on ........
and slgned on Ihelr behall by..
J Rowlèy
Chalr
L Keightley
Trustee
Company Numb8r 00689916
The notes on pages 17 t¢ 35 form part of Ih6s8 financi81 slalemenls
15

The Northumbrian EducatSonal Trust Ltd
(Operating as Westfleld School)
Cash flow statement
For the year ended 31 August 2024
Notes
2024
2023
Cash flows from operatlng actlvltles
Cash generated fromllabsorbed by)
operations
24
604.903
260,538
Investing actlvitles
Purchas8 of tangible fixed assets
Interest received
(23,5151
7,181
129,001 1
2,014
Net cash (used inllgenerated from
Investing activities
116,3541
126,9871
Flnanclng aclivities
Repayment of borrowings
1169,459 }
1169,4591
Net cash used in financing activities
{ 169,4591
1169,4591
Net Idecreasedllincrease in Gash
and cash equivalents
419,090
64,092
Cash and ￿sh equivalents at beginning
of year
100,057
39,965
Cash and cash equivalents at end of year
519,147
100,057
16

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Note to the financial statements
For the year ended 31 August2024
Accountlng PoliGies
Charity Information
The Northumbrian Educational Tru81 Ltd is a private company limited by guarantee incorpor21ed In England
and Wa18s. The reg￿tered office is WestField School, Oakfield Road, Gosforth, Newcastle upon Tyne, NE3
4HS.
1.1 Accounting conventlon
The financial statements have been prepared In accordan￿ ￿th Accounting and Reporting by Charities..
statement of Recommended Practice applicable lo charities prep2ring their ￿OUnts in accordance with the
Financial Res)orling Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in Oct(Iber
2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS q 021,
the Charities Act 2011, the Companies Act 20￿ and UK Generally Accepted Practice.
The Northumbrian Educational Trust Ltd meets the definition of a public benefi't under FRS 102. The
rinancial statements are prepared under the historical cost convention or transaction value unless otherwise
staled in the relevant accounting policy rK)te(81. The financial slstemenls are prepared in Sterling which is
the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these fi'nancial statements are set out below.
These policies have been consistently applled to all ye8r8 presented unles5 Othe￿iSe staled.
1.2 Going concern
Al the lime of approving the financlal slal8menls the governors have a reasonable expectation that the
school has ad8quate resources to continue in operational exislenco for the foreseeable future which is borne
out by the budget and cash flow forecasts for the next 3 years based on conservative estimates of pupil
numbers. The governors have continued lo develop strategies for increasing pupil numbers whilst better
utilising the school's asset base and have implemented a rigorous cost control programme. Conservative
forecasts of pupil numbers in 2024-2025 indicate a surplus for this coming year as do the forecasts for 2025-
2026 2026-2027. Thus, the governors continue to adopt the going concern basis of accounting in
preparing the financial statements.
1.3 Funds
Unrestricted funds are 8vailable for use at the discretion of the governors in furtherance of their charitable
objectives unless the funds have been designated for other purposes,
Designated funds comprise unreslricled funds that have been sel aside by the trustees for particular
purposes.
Restricted funds are subject lo specific conditions by donors as to how they may be used. The purposes
and uses ol the restricted funds are sel out in the notes lo the financial stalemenls.
17

The Northumbrlan Educatlonal Trust Ltd
Operating as Westfleld School)
Note to the financial statements
For the year ended 31 August 2024
1.4 Incoming resources
Income is recognised when the school is legally entitled to it after any performan￿ conditions have beerj
met, the amounts can be measured reliably, and il is probable that income will be received.
Income within charitable acliviliss represents, in the main. school fees re￿1vable less scholarships,
bursaries and discounts. This income together with other operating income is included in the tEriod to which
the relevant activity takes place. Income received in advance of the peraod in which the activity lakes pl￿e
is included in deferred income.
Inveslmernl income is included when receivable by the charity.
Grant income is included on a performance mode, being included in the period lo which the activity it relates
to occurs,
1.5 Resources expended
Resource5 exFense5 are accounted for on an accruals basis and include allribulable VAT which cannot be
recovered as the company is not registered for VAT. Charitable activity costs includes expenditure relating
lo the operation of the school and includes both the direct costs and support costs relating to this activity.
Support costs included ￿n1[al function expendilL(re. Governance costs include those occurred in the
governance of the charity and 118 asgels, and are primarily assotrialed with conslltulional and statutory
requirements.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation. net of
depreciation and any impairment losses.
Tangible fixed assets, excluding freehold land and buildings, are staled al cost less depreciation. Now
capital developments are depreciated only when work has been completed and they are brought into use.
Expenditure on indwidual items that are over £1,000 and capital in nature are capitalised.
Freehold land and b￿lIding5 are carried al valuatlom, With depreciation bèing charged in in the periods
between valuation movements. The gain or loss on valuation is taken lo the revaluation reserve I general
unreStr￿ted funds as appropriate. The depreciation charged, which is in exces8 of the depreciation which
would have been Gharged if the asset was carried at historic Gosl, is subsequently transferred from the
General Unreslricled reserves into the Revaluation Reserve.
Depreciation is provided at rates calculated to write off the cost less eslimaled residual value of each aggel
over its expected uselul life, as follows..
Freehold land and buSldings
Equipment
over expected LAseful Ilve of 50 years
200/0 reducing balance Icomputer eq￿1pment 20Vo straight
line)
15Oh reducing balance
over expected useful lif6 of 5 years
Fixture8 & fittings
Motor vehicles
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asse( and is recognised in nel incomellexpenditurel for the year.
The assets resKlual values and useful life are reviewed, and adjusted as appropriate, al the end of each
reporting period. The effect of any change 18 accounted for relrospeclively.

The Northumbrian Educational Trust Ltd
Ioperating a$ Westfield School)
Note to the financlal statements
Forthe year onded 31 August2024
1.7 Fixed asset Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured al fair value al each reporting dale. Changes in fair value are recognised in nal
incomel{expenditure} for the year. Trallsaclion costs are expensed as incurred.
1.8 Impairment of fixed assets
Al each reporting end dale, the school reviews the carryirkg amounts of tts tangible ass8ls to determine
whether there is any indication that those as8el8 have suffered an Impaimient loss. If any such indication
exists, thè rwoverable amount of the asset is estimated in order lo determine the extent of the impairment
loss lif any).
1.9 stocks
stocks are slated al the lower of cost and net realised value.
1.1 O Dèbtors
Trade and other debtors are reC{￿nised at the selllemenl amount due after any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
1.11 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term IiqLtid
investments with original maturities of three month8 or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.12 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of fund to a third party and the amount due lo sellle the
obligation can be measured or estimated reliably. Creditors and provisions are norrnally recognised al their
setllemenl after allowing for any trade discounts due.
1.13 Financial instruments
The charity only has financial assets and fi'nancial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction valLFe and subsequently
measured al their selllement value with the exception of bank loans which are subsequently measured al
amorlised cost using the effective interest method.
1.14 Employee benefEts
The school operates a defined contr1￿110n$ ponsion scheme for non-leaching staff and some leaching staff.
The cost ol any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benofils are recognised immediately as an expense when the school is demonstrably commitled
to terminate the employment of an employee or lo provide termination benefits.

The Northumbrian Educational Trust Ltd
Ioperatlng as Westfleld School)
Note to the financial statements
For the year ended 31 August 2024
1.15 Retiremenl benefits
The school operales a defined contributions pension scheme for non-teaching staff 2nd some leaching staff.
Contributions are charged in the accounts as they tEcome payable in accordance wlh the rules of the
scheme.
The school participates in the Teachers, Pension Scheme, which is a slatulory defined benefit scheme for
leaching staff only. It is not possible to identify the assets atKI liabilities of the scheme which are attributable
lo the school. The charges to the slaletneHI of financial activities is the amount payable in the period.
1.16 Leases
Leases are classified as finance leases whenever the temis of the lease transfer substanlially all the risks
and rewards of ownership lo the lessees. All other leases are classified as operating leases,
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of
inception and the present value of the minimum lease payments. The related liability is included in the
balance sheet as a fi'nance lease obligalDn. Lease payments are treated as consisting of capital and
interest elements. The interest is charged to nel in¢omellexpenditurel for the ye8r so as lo produce a
constant periodic rate of interest on the remaining balance of the Siabilily.
1,q7 Concessionary loan
The loan lo the school, qualifying as a public benefit entity concessionary loan, due to il being made to
advance the charitable purposes for the benefit of the school, is not discounted.
Critical accounting estimates and judgements
In the application of the school's accounting policies, the governors are required lo make judgements,
estimate5 and assumptions atx)ut the carrying amount ol assets and liabililEs that are not readily apparent
from other sources. The estimates and aSs￿lated assumptions are based on historical experience and
olh8r factors that a￿ considered lo be relevant. Actual results may differ from these estimates.
The eslimales and underlying assumptions are reviewed on an ongoing basi8. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future perlod8 where the revision affects both current and future
periods.
Key sources of estlmation uncertainty
Property Valuation
The freehold property is included in the accounts at valuation (note 131. Due to the unique nature of the sile
the identification of the valuation can be complex and uncertain, as in the event of a sale ol the properly, the
disposal value would depend on 1fv8 FxJrcha8ers available at that time and their intentions for the site. The
governors review the valuats'on al each year end and take into eonsideralion the latest professional valuation,
recent property disposals in the area and any changes iri the site. They consider the current calculation lo
be a reasonable estimation of the current value of the site.
?n

The Northumbrian Educational Trust Ltd
{Operating as Westfield Sehooll
Note to the finanelal statements
For the year ended 31 August 2024
Income from charitable activltles
2024
2023
Provision of educational services
2,963,833
2,542,230
Analysis of fund
Unrestricted funds- general
Restricted funds
2,963,326
507
2,541,767
463
2,963,833
2,542,230
Investments
2024
2023
Interest receivable
7,161
2,014
7,161
2,014
Expenditure on charitable activities
2024
2023
Staff costs
Education costs
Depreciation and impairment
Support and governance wsts Inole 7)
1,754,170 1,212,857
321.330
561,081
26,257
23,364
695.916
599,435
2,797,673 2,396,737

The Northumbrlan Educatlonal Trust Ltd
Ioperating as Westfield Schooll
Note to the flnanclal statements
For the year ended 31 August 2024
Support costs
Support
costs
Governance
costs
2024
2023
staff costs
Other school costs
Premises costs
Audit fees
Legal and professional
290,699
213.698
128,937
2go,699
213,698
128,937
8,500
54,082
244,413
207,939
124,625
6,800
15,658
8,500
54,082
633.334
62,582
695,916
599,435
Other costs
2024
2023
Financing costs
99,136
97,500
Finance costs is loan interest.
Governors
None of the governors (or any persons connected wth them) received any remuneration during the year and
none of them were reimbursed expenses (2023 - £nil}
Analysls of staff costs
Staff costs were a8 follows..
2024
2023
Wages and sa18rie8
Social security costs
Other pgnsion costs
1,629,441
154,472
260.956
1,457.270
133,587
259,040
2.044,869
1,849,877
The average monthly number of employees dL¢ring the year was..
2024
Number
43
17
2023
Number
44
13
Teachinglcalering
Support
60
57

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Note to the financlal statements
For the year ended 31 August 2024
Analysis of staff costs (Contlnuedj
Remuneration and benefits received by key management personnel who constitute the senior management
team amounted lo £208,92912022 - £221,283}.
The number of employees whose annual remuneration was £60,000 or more were..
2024
Number
2023
Number
£60,000- £70.000
Of the employees whose emoluments exceed £60,000 1 12020 - 11 have retirement benefits accruirng under
defined benefits pension schemes.
10. Net movement for the year
This is staled after charging:
2024
2023
Depreciation
Operating lease expense
153,557
83,033
23,364
88,587
11,
Auditor's remuneration
2024
2023
Fees payable to the charlty's auditors for the audit
of the charity's anntAal accounts
8,500
6,300
23

The Northumbrian Educational Trust Ltd
{Operating a5 Westfield School)
Note to the financial statements
For the year ended 31 August 2024
2. Tangible fixed assets
Freehold
Fixtures,
Land and
fittSngs &
Buildings Equipment equipment
Molor
vehicles
Total
Cost or valuation
Al 1 September 2023
Additions
Revaluation
6,365,000
306,626
20,611
377,362
2,904
34.605
7,083,593
23,515
129.7901
129.7901
At 31 Augugt 2024
6,365,000
327,237
380.266
4,815
7,077,318
Depreciation
At 1 September 2023
Charge for the year
Disposals
265,481
18,956
337.964
6,337
33,033
964
129,7901
636,478
1 $3,557
129,7901
127,300
At 31 August 2024
127,300
284,437
344,301
4,207
760,245
arrying amount
At 31 August 2024
6,237,700
42,800
35,965
608
6.317,073
At 31 August 2023
6,365,(K)o
41,145
39,398
1,572
6.447,115
Freehold land and b￿lIding$ are carried using the valuation method, with an independent third- party valLtation
being obtained lo determine the fair value of the assets al the reporting dale. The latest valuation of
£6,365,000 was provided on 16 August 2023 and the Directors consider that this valuation remains valid
based on the lacl that no material changes have been made lo the buildings or premises since that dale and
there has been no fall in local market v21ues during this period. The replacement insured cost rose from
£12,162,356 on 1 September 2023 10 £12,576,029 on 1 September 2024.
Freehold land and buildings have been pledged to secure borrowings ol the school. Thè school is not allowed
lo pledge these assets as security for other borrowings or to sell them to another entity, wilhoul the permission
or the borrower.
24

The NDrthumbrian Educatlonal Trust Ltd
(Operating as Wesffield School)
Note to the financial statements
Forthe year ended 31 August 2024
13
Stocks
2024
2023
Catering supplies and consumables
1,822
1,891
14
Debtors
2024
2023
Amounts falling due within on8 year:
Trade debtors
Prepayments and accrued income
27,672
20,333
87,077
17,457
48,005
104,534
15 Creditors: amounts falllng due within one year
2024
2023
Notes
17
Bank loans
Other taxation and social security
School fees in advance
Trade creditors
Other creditors
Accruals and defeTred income
180,325
54,629
652,125
28,727
41,935
133.618
174,704
59,237
354,257
24,342
44,956
95,772
1,091.359
753,268
25

The Northumbrian Educatlonal Trust Ltd
{Operating as Westfield Schooll
Note to the flnancial statements
For the year ended 31 August 2024
16
Creditors: amounts falling due after more than one year
2024
2Q23
Notes
17
Bank loans
Other borrowings
796,478
540,000
886,803
630,000
1,336,478 1,516,803
17 Loans and overdraft
2024
2023
Bank loans
Other loans
886,803
630,000
971,507
720,000
1,516.803 1,691,507
Payable within one year
Payable after one year
180,855
174,704
1,338,478 1,516.803
The bank loan Is secured by a first legal charge on the school's freehold land and buildings. The loan is
repayable in quarterly inslalments, with interest charged al a fixed rate of 6.20/0
The other loan, which is repayable in annual inslalmenls, is secured by a second charge on th6 school's
freehold land and building5. This loan qualifies as a public benefit enlily Con￿SSiOnary loan and as such
has not been discounted. Interest is charged al 119 above the Bank of England base lending rated.
18
Financial Instruments
2024
2023
Carrying amount of flnanclal assets
Debt instruments measured al amortiseLI cost
27,672
87,077
Carrying amount of financial liabilities
Measured at amorlised cost
1,582,669 1,758,643
?A

The Northumbrian Educational Trust Ltd
{OperatiDg as Westfleld Schooll
Note to the flnancial statements
For the yèar ended 31 August 2024
19
Retirement benpfit schemes
Defined contrfbution schemes
The ￿h0o1 operates a defined contribution pension scheme for all qualifying employees. The assets of the
heme are held separately from those of the school in an independently administered fund.
The charge to profil or loss in respect of defined contribution schemes was £23,41612022 - £22,875).
Defined benefitscheme
Teachers, Pension Scheme
Introductlon
The Teachers, Pension Scheme (TPS or scheme) is a slalulory, unfunded, defined benefit occupational
scheme, governed by the Teachers, Pensions Regulations 2010 las amended), and the Teachers, Pension
Scheffle Regulations 2014 {a8 amended). These regulations apply lo leaehers in school8 and other
educational establishments, including academies, in England arnd Wales that are maintained by local
aulhorities. In addition, teachers in many independent and volunlary-aided schools and leachers and
lecturers in some establishments of further and higher education may be eligible for membership.
Membership is automatic for full-lime teachers and lecturers and, from 1 January 2007, automatic too for
teachers and lecturers in part-time employment following appointment or a Ghange ol contract. Teachers
and lecturers are able lo opt out of the TPS.
The TÈachers' Pension Budgeting and Valuation Account
Although members may be employed by various bodies, theii retirement and other pension benelits are sel
out in regulations made under the Superannuation Acl119721 and Public Service Pensions Acl120131 and
are paid by public funds provided by P8rliamenl. The TPS is an unfunded scheme and members contribute
on a 'pay as you go 'basis- contributions from members, along with those made by employers, are credited
lo the Exchequer under arrangements governed by the above Acts.
The Teach8rs' Pensions Regulations 2010 require an annual account. the Teachers, Pension Budgeting and
Valuation Account, lo be kept of receipts and expenditure lincluding the cost of pension increases). From
1 April 2001, the Account has been credited with a real rale ol return, which is equivalent to assuming that
the balance in Ihè Account is invested in notional investments that produce that real rate of return.
Valuation of The Teachers, Pension Scheme
As a result of the latest scheme valuation (March 20201 published in October 2023 employer Gontribulions
will be increased in April 2024 from a rste of 23.680/0 10 26.68 /0.
A copy of the latest valLJallon report can be found on the Teach￿S, Pension Scheme website.
?7

The Northumbrian Educational Trust Ltd
Ioperating as Wgstfield School)
Note to the flnanclal statements
For the year ended 31 August 2024
20
Funds
The income lunds of the Gharity indude restricted funds comprising the following unexpended balances of
donalions and grants held on trust for specific purposes..
earended 31 Au
ust 2024
At1
September Income
2023
At31
Expenditure Transfers Revaluation August
2024
Unrestrieted funds
Revaluation Reserve
1,810.653 2.970.986 { 2.893,01g I
2,540.000
51,000
151,0001
1,939,620
2,489,000
Designated funds
Juniper House
Development
3,392
12.1401
1,252
Total deslgnatéd
funds
2,543,392
(2,140} 151,0001
2,490,252
Restricted funds
The Prize and Bursary
Fund
The Old Girls,
Association
Scholarship and Travel
Fund
3.001
(985}
2,016
11,520
507
12,027
14,960
(665}
14,295
29,481
507
11,8501
28.338
Total
4.383,526 2,971,493 12,896,809>
4,458,210
Designatgd Funds
Comenius Project- funds provided by the British Consul designed by the governors to be used to enhance
the experiences of the girls thrDu9h trips and additional school facilities.
Junlor House Development following the re~provisioning of Junior House in the ex-sCien￿ block this
fund will be used for addition31 provisioning requirements.
28

The Northumbrlan Educational Trust Ltd
(Operatlng as Westfleld School)
Note to the financial statements
For the year ended 31 August 2024
Reslricted Funds
The Prize and Bursary Fund - used lo puichase of prizes and trophies awarded to girts. 11 may also be
used for the award of bursaries lo current pupils al the school.
The Old Glrl8' Association
used to send a copy of the school magazine lo recent old girts. ResoLfrces
are also available to finance events which may be arranged from lime to lime. Parents ol all girls in Senior
House contribute £1 subscription per term for their daughter's membership of The Old Girls, Association.
The Governors, Fund - used to provide financial help to pupils who would not otherwise be able to lake
parl in Round Square overseas activities. The fund was set up as a result of donations by members of the
board of governors,
Scholarshlp and travel fund- used lo award bMQ ￿￿OI8[ShIpS each year. One scholarship is awarded lo a
sixth former for overseas travel and the other gcholarshlp is awarded lo the girl who achieves the best r8suIts
in A Level examinations. The Sour￿ of the fund was 8 donation by Professor Alex Crombie, in memory of
his wife, who was a founder govemor of the school. The fund is currently invested in a Charities Foundation
income fund.
29

The Northumbrlan Educational Trust Ltd
Ioperatlng as Westfleld School)
Note to the financial statements
For the year ended 31 August 2024
20 Funds
The income funds of the charity include restricted funds comprising the lollowing unexpended balances of
donations and grants held on tru81 for specific purposes..
Year 8nded 31 Au
ust 2023
At1
September Income
2022
At31
Expenditure Transfgrs Revaluation August
2023
Unrestricted funds
Revaluation Reserve
1,757,388 2,543,781 12,490,516)
1,810,653
.2,540,OOD 2,540,000
Designated funds
Comenius Project
Junior House
Development
6,128
{ 6,1281
6,128
12,7361
3,392
Total designated
funds
6,128
12,7361
3,392
Restrleted fundg
The Prize and Bursary
Fund
The Old Girts,
Associatio
Scholarship and Travel
Fund
3,986
19851
3,001
11,057
463
11,520
14,960
14,960
30,003
463
{9851
29,481
Total
1,793,519 2,544,244 .12.494,2371
2.540,000 4,383,526
30

The Northumbrian Educatlonal Trust Ltd
{Operating as Westfield School)
Nota to the financlal statements
For the year ended 31 August 2024
21 Analy818 of net assets between funds
Year ended 31 Au
ust 2024
Unrestricted Deslgnated Restricted
Funds
Funds
Funds
2024
2024
2024
Total
2024
TarvJible a￿et$
Current asselsllLiabilities)
Long term liabilities
3,828,073 2,489,000
1551,975 }
1,252
11,336,478)
6,317,073
28,338 1522,3851
11.336,4781
1,939.620
2,490,252
28,338 4,458,210
rended 31 Au
ust 2023
Unrestricted Designated Restricted
Funds
Funds
Funds
2023
2023
2023
Total
2023
Tangible assets
Current assel8llLiablliliesl
Long term liabiliiies
3,907,115 2,540,000
1579,659 1
3,392
11,516.8031
6,447,115
1546,7861
11,516,803)
29,481
1.810,653 2,543,392
29.481 4,383.526
22 Operatlng lease commitments
Al the reporting end dale the school had outstandlng commitments for future minimum lease payments
under non-cancellable operating leases, which fall due as follows..
2024
2023
Within one yeai
Between two and five years
55,383
27,650
53,298
35,290
83,033
88,588
23 Related party transaetionts
There were llo related party transactions during the year12023 - none).

The Northumbrlan Educational Trust Ltd
{Operating as Westfleld School>
Note to thg financial statements
For thÈ yèar ended 31 August 2024
24 Cash generated from operations
2024
2023
Nel incoming resources before valuation gains
74,684
50,007
Adjustments for..
Depreciation of tangible fixed assets
Interest receivable
153.557
23,364
(23,515 } 12,0141
Movements in working capitsl..
Decreaselllncreasel in stocks
DecreaselllnGreasel in debtors
Increaselldecreasel in creditors
69
56,529
507,550
1,224
22,741
1e5,216
Cash generated fromllabsorbed by) operations
612,064
260,538
25 Analysis of changes in nèt debt
At1 Sep
2023
Cash At 31 Aug
flows
2024
Long term borrowings
Short term borrowngs
11,516,803)
180,325 { 1,336,478)
1174,704 1 15.6211 1180,3251
Total liabilities
Cash and cash equivalents
(1,691,507)
100,057
174,704 11,516,803)
419,090
519,147
11,591,450)
593,794 1997,656 }
32

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Note to the financial statements
For the year ended 31 August 2024
26 Statement of Financial actlvltles as at 31 August 2023
Unrestricted Unrestricted Restricted
Fund
Funds
funds
general
deslgnated
Total
2023
Total
2022
Notes
Income from..
Charitable activities
Investment Income
2,541,767
2,014
463 2,542,230 2,485,085
2,014
169
Total Income
2,543,781
463 2,544,244 2,485,254
Ex
enditure on:
Costs of providing education
other costs
2.393,016
97,500
2,736
985 2,396,737 2,345,074
97,500
80,859
Total expendlture
2.490.516
2,736
985 2,494,237 2.425,933
Not incoming resources before
transfers
53.265
12,736 }
15221
50,007
59,321
Gross transfers between fvnds
Net Incoming resources
53,265
12,7361
15221
50,007
5g,321
other recognised galns and losses
Revaluation of tangible fixed assets
2,540,000
2,540.000
Net movèment in funds
53,265
2,537,264
1522) 2,590.007
59,321
Fund balances al 1 September 2022
1,757,388
6,128
30,003 1,793,519 1,734,198
Fund balances at 31 August 2023
1,810,653
2,543,392
29,481 4,383,526 1,793,519
33