Charity Registration No.. 528143
Company Registration No.: 00669916 IEngland and Wales)
The Northumbrian Educatlonal Trust Ltd
(Operating as Westfield School)
Annual Report and Financlal Ststements
For the year ended 31 August 2025

The Northumbrlan Educational Trust Ltd
(Operating as Westfield Schooll
Legal and administrative details
Governors
l Greenshields
L Keightley
A Dowie
K Bainbridge
J Rowley
K Mclaughlin
L Solly
Resigned 15 April 2025
Charity number
528143
Company number
00669916
Reglstered office
Westfield School
Oakfield Road
Gosforth
Newcastle upon Tyne
NE3 4HS
Auditor
S&W Audit
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 Northumbrian Educational Trust Ltd
Ioperating as Westfield School)
Contents
Page
Governors, report
Independent auditor's report
10-13
Slalemenl of financial activities
14
Balance sheet
15
Statement of cash flows
16
Notes to the financial slalemenls
17-33

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Governors, Report
For the year ended 31 August 2025
The governors are pleased to present their report and accounts for the year ended 31 August 2025.
The accounts have been prepared in accordance wth the accounting policies sel out in note 1 to the accounts and
comply with the school's memorandum and articles of association, the Companies Act 2006 and Accounting and
Reporting by Charities.. Slalemenl of Recomrnended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las
amended for accounting periods commencing from 1 January 20161.
Objectives and activities
The charity's objectives are. as set out in the memorandum and articles of association, to run a school where pupils
will obtain a high standard of education. The policies adopted in furtherance of these objects are the running of
Westfield School for girls in the age range 3 10 18. Facilities appropriate to the age of pupils are provided in Junior
House {age 3 to 11} and Senior House lage 11 10 181 and. as these are separate buildings on the same site, ftjll
integration as a single school is achieved.
A well-planned and balanced curriculum is laughl in both Junior House and Senior House. In Senior House, girls are
prepared for a wide range of subjects at GCSE. After GCSE, the majority of girls progress to the Sixth Form where
they are able lo choose from a full range of subjects al A level. both traditional academic 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 rnelhods are a careful blend of the traditional and the best in new ideas, while a variety of extra-
curricular activities supplement the broad curriculum. Classes are kept small to ensure individual excellence in a variety
of other spheres. Westfield is a member of Round Square, a worldwide association of like-minded schools based on
the philosophy of Kurt Hahn who founded Gordonsloun School, Scotland (further details on page 31. Entrance to the
school is non-selective. All entrants to Senior House sil an assessment in English and Maths. We are proud that our
girls leave as maluie, thoughtful, well-rounded and interesting young women in line with our all-round educational
ethos, and this year was no exception.
The governors have paid due regard lo guidance issued by the Charity Commission 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 to affect employees, inleresls.
Information on mallers of concern lo employee8 is given through staff meetings and reports.
Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the
applicant concerned. In the event of member5 of staff becoming disabled, every effort is made lo ensure that their
employment wlhin 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 lo that of
other employees
Achievements and Performance
Academic
erformance
This academic year saw a full programme of GCSE and A level examinations. The proportion of grades was lied,
nationally, lo 2019 levels.

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Governors, Report
For the year ended 31 August 2025
A Level Overall Headlines..
A. E = 93 % 12024- 100Q/o, 2023 - 100 /0)
A'_ A- 240A12024_ 210A, 2023_ 24Uhl
A" B = 4001¢12024- 44 %, 2023- 390/0}
A. C - 710/012024- 720/0, 2023 - 76Yol
GCSE Overall Headlines..
9 _ 4 = 920/012024 - 860/0, 2023 - 940kn1
9- 5 74'/012024 _ 680/0, 2023 _ 800/01
9_ 7 28QA12024 - 25'/o, 2023 - 360/01
5+ 9- 4 with E&M = 9001012024 - 850kn, 2023 - 880A}
5+ 9- 4 = 93°h12024- 88 /0, 2023 - 98Okl
The headline figures show that the number of candidates achieving 5 or more passes was up considerably in
comparison with the last cohort.
The overall performance - as measured by 5+ GCSES including English and Maths - is an ex￿lIent outcome and
demonstrates the success that Westfield had as a result of the work put in by teachers.
After a full curriculum review lo ensure that our offer remained appropriate looking fO￿ardS, a new Sixth Form subje¢l,
Medical Science, was introduced lo the STEM faculty. This has proven to be very popular and a number of Upper 6
(Year 131 girls also completed an AS qualification in one year in the subject.
Junior House
Junior House is split into two sections.. Brighlslart (Nursery, Reception and Key Stage 11 and Prep (Key Stage 2}. The
flexibility of Brighlslart with mixed age groupings allows for a more skills-based approach rather than Sclivilies being
dictated by age. Exciting new areas for nursery were developed with both indoor and OLJldoor play emphasised along
with a lighter focus on establishing the foundations of early skills including a new reading scheme.
In Prep, year groups have their own class teacher with some subjects being delivered by specialists from Senior House.
Alongside this conlinuily of education, the advantages of having specialist teachers delivering specialist subjects are
seen to stretch and challenge the girls in their learning.
There has been a full curriculum review lo prepare for the addition of boys and new extra-curricular activities were
introduced in readiness.
Round Square
The school's membership of Round Square continues to create opportunities for the entire school with the curriculum
encompassing the six pillars of the Round Square"IDEALS° of Inlernalionalism, Democracy. Environment, Adventure,
Leadership and Service. Girls learn lo think creatively, to recognise each other's strengths and talents and inspire each
other to work together lo achieve common goals. Round Square allows opportunities for our pupils to broaden their
horizons by meeting with other schools. visiting other countries and embracing different cultures. This includes the
Round Square Exchange programme which has included gids visiting Australia and Korea for 5 weeks each with their
exchange partners joining us in the UK. Further exch8nges are also arranged for 2024-25.
We continue to work with schools across the UK and around the world utilising both on-line and in person opportunities.
This mixture of virtual and face-to-face activity enables greater levels of participation regardless of ability lo pay.
We have continued to lead on the Heroes of Discovery, a primary character development programme focused on the
12 aspects of the Discovery Framework, which is now fully embedded across Junior House. The Headmaster also
attended the symposium in London in January 2025 including visits lo other Round Square schools.

The Northumbrian Educational Trust Ltd
Ioperating as Westfield School)
Governors. Report
For the year ended 31 August 2025
In November 2024 our annual Round Square Fundraising afternoon helped raise funds lo sponsor our sluderil at
Slarehe Girls School in Kenya. Each form planned a fundraising activity and assisted with the logistics of the afternoon.
Trips
With the increase in girls not being allowed to spend nights away from home for cultural reasons, Westfield moved to
running adventure days for every year group rather than residential trips. Every year group in Senior House went to
Whickham Thornes in September for adventure arjd bonding activities and Key Stage 2 took their annual residential
trip to Ford Castle in May 2025.
Aside from these, there are weekly Forest School and Beach School classes and curriculum subjects include trips
when possible for example Geography field trips, theatre trips, sports tours and a ski trip.
Junior House took the girts on trips to the Ihealre, 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 fi'eld.
Duke of Edinburgh
Bronze Duke of Edinburgh continues to be popular wlh Lower 5 (year 101.
Creative and Performing Arts
The Creative and Performing Arts continue lo p18y a key role in the development of character at Westfteld. This year
saw many girls performing on instruments, singing and taking part in the school orchestra in our musical soirees in
winter and summer and singing carols at a number of public venues. A very successful production of Footloose was
performed at Northern Stage la professional theatre in Newcastle) in conjunction with NeKaslle School for Boys in
March. This included the participation of many pupils both on stage and in backstage and technical roles. The art
department held an exhibition of the girls, GCSE and A level work in Fine Art, Textiles and Graphic Design this year.
Stretch and Challenge
As parl of the drive lo increase academic challenge and ownership of learning, the school has introduced challenge
days across year groups and a set of independent challenges known as 'The List, which girls complete in their own
time. House challenge assemblies occur fortnightly and every half term a year grouplkey stagelwhole school off
timetable event OCCLJrs. These have proven very popular with pupils and have seen a whole school Eurovision contest
(including creating tourist information for the relevant counlryl, a frittata contest and a summer Science Fair among
many others which lead the girls lo gain skills in leadership, problem solving, lenacily and crealivily, The opportunity
for all pupils to demonstrate independent learning, academic challenge and the ability lo bounce back from failure is a
very important embodiment of our ethos of success for all. The prominence of a House Point system and an Exhibition
of Excellence recognise those pupils who have faced challenges and succeeded through ingenuity and perseverance.
Extracurrlcular activities
A full programme of activities is available to the girls across all year groups, taking place before and after school as
well as al lunchtime. Through the year, over 40 different clubs and societies taking place each week including.. chess
club-, write now Icrealive writing),. well-being Wednesdays., trampolining., cookery,. clay club,, and robotics. Our aim is
for every girl up lo the age of 15 to take parl in at least 3 clubs per week and for GCSE and above pupils lo participate
in at least 2 non-curriculum related clubs.
Public Benefit
Westfield School provides education to pupils who would otherwise be educated in the maintained school sector at
the Government's expense. However, the board of governors recognises that il has wider responsibilities to the
community at home and abroad. The school welcomes pupils from diverse religious, ethnic and financial backgrounds
and aims lo maintain its academic excellence coupled with a non-elilisl atmosphere, which is highly valued by both
parents and pupils.
There are four main sub-sections lo the public benefi't programme..

The Northumbrian Educational Trust Ltd
(Operating a5 Westfield School)
Governors, Report
For the year ended 31 August 2025
the provision of bursaries and scholarships
paTlnership5 and collaboration
community services
direct charitable giving
The governors have had regard to the Charity Commission guidance on public benefit.
Partnerships and collaboration
The school has links with the neighbouring old people's home and acts as a designated 24 hour'safe location, for the
residents in case of an emergency situation.
Our partnership with Newcastle School for Boys INSBI continued with shared teaching in the Sixth Form. Boys attend
classes in some subjects at Westfield and our girls allend different subjects at NSB. In addition, enrichment
qualifications were offered.. a sports leader award and the Extended Project Qualification both worth half an A Level.
The leaching of these was split between the two schools.
Communlty links
Westfield School is keen to support and engage with the wider community. Charitable activities are undertaken
throughout the year, both al home and abroad, as part of Round Square Service. We sponsor a girl to complete their
education al the Starehe Girls, School in Nairobi as well as providing education to a refugee from Ukraine. Girls are
able to 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 act as governors al local state-funded schools or academies.
There is an active policy of making the school's facilities available outside school hours lo local organisalions. The
North East Sports Camp offers holiday club activities, and the school is also still used as a polling station during local
and General elections. We aim to reach more organisalions in the coming year.
We continue to grow our GCSE Further Maths Oulrea¢h programme which is benefilling students from local schools.
Last year we offered 5 classes per week13 face to face including one taught at The Royal Grammar School and 2
virtuall to over 100 pupils from 14 different schools. We have over 65./. female pupils in order to boost the uptake of
women in STEM careers. We provide transport to the in-person classes and, for those who travel 8 long distance,
transport home, as well as paying the exam lees on request.
Non-linancial charitable activities also took place, including..
The choirs performing in Asda, Gosforth and the Grainger market al Christmastime
Receipt and coordination of foodstuffs for the People's Kitchen
Bursaries
11 has always been the policy of the governing body that the distinctive all-round education offered by the school should
not be reslricled lo only those families who can afford fvll fees.
Bursaries may be awarded to new enlranls and to existing girls. Bursaries are means tested and reviewed annually.
The school changed the emphasis of fee remissions to only offering means tested support.
In the year ended 31 August 2025 Wesllield School gave fee remissions for 68 bursaries and scholarships equating
10 £438,053 12024 - 95 amounting to £491,386). This equates lo 16.810/0 of fee income 12024 - 18.16D/ol. Of this,
means-lested bursaries account for £376,418 or 730/0 of all fee remissions12024 - £395,859 or 70 /ol. Overall, 27Q/o of
pupils have some level of bursary support.

The Northumbrian Educatlonal Trust Ltd
(Operating as Westfield School)
Governors, Report
For the year ended 31 August 2025
To attract pupils who would benefit from an education al Westfield, the school advertises widely in the local community.
Charitable giving
Charity fundraising events have taken place this year and within school we raised £3,44312024- £3,199.47). This was
donated to charities as follows..
Poppy Appeal
Slarehe School in Kenya
Macmillan's Nurses
Save the Children
Peoples Kitchen
Unesco
Newcastle Women's Day
WalerAid
Children's Cancer
Vitsl Voices
Financial Review
The governors report that the school realised a deficit before the revaluation of properties of £46,828 in the year ended
31 August 2025.
The principal source of funding is the school fees received for the provision of educational services.
A small amount of additional income is provided through lettings, although thi5 only amounted lo £13,177 in the year
ended 31 August 2025.
Golng Concern
The governors have recognised the need to ensure that the school operates efficiently and effectively and maintains
a healthy and sustainable cash flow and manageable debt provision. However, the imposition of 20O/D VAT on luilion
fees together with the abolition of business rates relief, has affected the affordability of an independent edLJcalion, and
pupil numbers are lower as a result. Whilst the governors have continued to develop strategies for increasing pupil
numbers whilst beller ulilising the school's asset base and have implemented a rigorous cost control programme the
reduced pupil nLJmbers have had a significantly negative impact on the proftlabilily of the school and the maintenance
of a positive cash balance. Consequently, the Governors have entered into discussions with Newcastle Royal
Grammar School with a view to a merger and a merger deed has been signed by both parties. Subject lo adherence
with the merger deed conditions the eslimaled completion dale for the merger is 31 May 2026 al which lime The
Northumbrian Educational Trust Ltd will be wound up. Therefore, the governors have prepared the financial statements
on a basis other than going concern. No adjustments have bèen made lo the financial slalemenls.
Reserves Policy
Note 20 of the financial statements shows the net assets by category attributable lo the various funds. Reslricled funds
amount lo £25,47512024- £28,338) and unrestricted funds £1,947,707 {2024- £1,939,620)
The governors keep under review the charity's needs for reserves in line with the guidance issued by the Charity
Commission. Mindful of the need to utilise reserves to support and enhance the charitable purposes of the company,
in the short term the board's policy is to continue lo ulilise ils reserves and invest in capital developments Within the
school in terms ol both additions to and improvements in facilities.
The governors keep under review the charity's needs for reserves in line with the guidance issued by the Charity
Commission. Mindful of the need to ulilise reserves lo support and enhance the charitable purposes of the company,

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Governors. Report
For the year ended 31 August 2025
in the short term the board's policy is to continue lo utilise ils reserves and invest in capital developments within the
school in terms of Ixjlh additions lo and improvements in facilities.
The school owns and occupies an extremely allractive sile in central Gosforth. This site offers not only an excellent
location but an exceptionally good range of facilities, space and development options. This sile was professionally
valued al £6,295m in 2025 based on market value.
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 medium to long term the board will endeavour
lo build reserves by means of annual operating surpluses arising from incieased pupil numbers and continued cost
control measures, thereby maintaining the charity's commitment lo pupils and meeting ils financial obligations.
Investment Policy
The board of governors, policy is lo credit cash received from all sources, unless specifically instructed, lo the main
school bank account. There is a business accountwhich earns a nominal amount of interest lo which all surplus monies
labove £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 scheme the school's bank balances have risen sufficiently to enable
investment of £250,000 on 32-day short term deposit as al 31 August 2025.
There are no reslriclions upon the charitable company's powers to invest.
Risk Factors
The governors have assessed the major risks lo which the school is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks, which include..
Local competition fees level
Safeguarding
Cost conlainmenl
Staff recruitment and retention
Changing economic circumstan￿S of local population Iparentsl
Academic achievement
Political situation le.g. the imposition of VAT on fees, elc.)
11 should be noted that the Governors decided to pass on the full amount of the 20010 VAT imposition on tuition fees lo
parents with effect from 1 January 2025 and parents were advised of this decision in August 2024.
Detailed consideration of the risks is del￿ated to the Finance and General Purposes Committee. Risks are identified
and assessed, and controls established IhroughoLJI the year. A formal review of the risk management is undertaken
regularfy.
The key controls include..
formal agendas for all Iwice-termly board meetings and monthly Finance & General Purposes committee
meetings
comprehensive strategic planning, budgeting and management accounting wlh monthly reports
the maintenance of 8 risk register, which identifies risks faced by the charity. The register is regularfy updated
and reviewed
formal written policies, with clear aulhorisalion and approval levels
velling procedures as required by law for the protection of children
Through the risk management processes established by the board, goveinors are satisfied that the major risks
identified have been adequately miligaled where necessary.11 is recognised that systems can only provide reasonable
but not absolute assurance that major risks have been adequately managed.
21 out of 35 leaching staff are members of the Teachers, Pension Scheme, an unfunded defined benefit occupational
pension scheme, contribution rates to which are determined by the Secretary of Slate. The latest published actuarial

The Northumbrlan Educational Trust Ltd
(Operating as Westfield School)
Governors. Report
For the year ended 31 August 2025
valuation at 31 March 2020 (published on 26 October 20231 indicated a whole scheme notional past service deficit of
£39.8 billion. This report prescribed changes in Employer's contributions from 23.680/0 to 28.68Q/o Wlth eff￿1 from ApTiI
2024.
The remainder of leaching1141 and non-leaching staff1221 are enrolled in DC schemes where appropriate.
The key objectives in the school's development programme include the following..
lo a¢¢epl boys into Junior HoLJse from September 2025
lo increase pupil numbers wlhoul jeopardising academic performance or affecting pastoral care
lo balance a high level of academic achievement with a broad curriculum, supported by an effective pastoral
care system
lo widen public access lo the school in terms of bursaries, as far as possible, within the conslrainls of the level
of funding available as an independent education provider, without the benefi't of endowment funding
lo promote the school's links with the local and wder community through community services and other
academic, sporting 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 having any share capital. 11 is governed by ils memorandum and
articles of association. There have been no changes during the year. It is registered as a charity with the Charity
Commission. Individual members of the governing body constitute directors of the company for the purFX)ses of the
Companies Act and governors of the charity for the purposes of the Charities Act.
The governors, 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 Icantab) Elected
Liz Keightley BA (Honsl Elected
Keiran Maclaughlin MA (Honsl Resigned 15 April 2025
Lucilla Solly Elected
Clerk to the governors- Joseph Leese FCPFA
The board of governors is empowered to appoint new governors to the board to fill casual vacancies. All governors so
appointed are required lo seek re-election at the succeeding annual general meeting. One third of the govemors retire
al 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 6 members {2024 - 7
members). None of the governors has any beneficial interest in the company. All of the governors are members of the
company and guarantee lo contribute £1 in the event of a wnding up.
Indemnity provision for govemors is provided through the school's insurers.
The board of governors administers the charity and determines the general policy of the school. The board meets half-
lermly. reviewing the current management financial reports and projections, together with the current strategy
considerations. There is a sub-committee covering finance and general purposes which meets monthly. The
Headmaster is appointed by the governors to manage the day to day operations of the charity. To facilitate effective
operations, the Headmaster has delegated aulhorily, within the lemis of delegation approved by the governors, for

The Northumbrian Educational Trust Ltd
(Operating as Westfield Schooll
Governors, Report
For the year ended 31 August 2025
operational mallers, including finance, employment and curriculum related activity. The Headmaster has appointed a
senior management team which assists with the implementation of policy.
Finance and General Purposes Committee Members
lain Greenshields
Liz Keighlley
Jackie Rowley
Senior ManagementTeam
Headmaster- N Walker Bsc MA PGCE
Deputy Head - K Quinn BA Hons PGCE
Head of Junior House- J Drake Bed NPQH
Head of Sixth Form- H Morell Bsc
Bursar- J Leese FCPFA
SENDCO and Senior Teacher- E Thompson Bsc BD IOU). PGCE
New Governors are provided with induction training when elecledlappointed to familiarise themselves with the
school. In particular, the following areas are covered..
Safeguarding
Governance of charities
School policies and procedures
The above is reinforced annually through the inclusion of presentations by school staff al Board meetings, by
allendance al termly inset days, ad hoc onsite training Isafeguarding, AGBIS, elc.) and the annual re-review of school
policies. Governors are also assigned a specific faculty ￿th whom they should co-ordinate via the Head of faculty.
There are no related party transactions to report.
Auditor
S&W Audit were re-appointed as auditors at the AGM held on 2210412025.
Dlsclosure of information to auditor
Each of the governors has confirmed that there is no information ofwhich they are aware which is relevant lo the audit,
bul of which the auditor is unaware. They have further confirmed that they have taken appropriate steps lo identify
such relevant information and to establish that the auditor is awao of such information.
The governors, report was approved by the Board of Governors.
J Rowley

The Northumbrlan Educatlonal Trust Ltd
Iopgratlng as Westfield School)
Governors, Report
For the year anded 31 August 2025
STATEMENT OF GOVERNORS. RESPONSIBILITIES
The GoveTnors' (who are also directors of Northumbrian Educational Trust North East for the purpose of company
law} are responsible for preparing the Governors, Report and the financial slalemenls in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Iruslees lo prepare financial slalemenls for each financial year, which give o true and fair
view of the stste of affairs of the charitable wmpany and of the incoming resources and application of resources.
including the income and expenditure, of the charitable company for that pe¥iod. In preparing these financial
slalemenls, the trustees are required to..
se18Ct suitable accounting po1ieies and then appty Ihgm consislenlty.,
observe the methods and principles in the Charities SORP 201 S IFRS 1021.,
make judgements and eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subject to any molerial
departures disclosed and explained In the finaneial slalements., and
prepare the financial slalemenls on the going concern basis unless 11 is inappropriate lo presume that the
charitable company will continue in operation. As explained in note 1.2 to the fSnancial slalem8nls. the Governors
have prepared the financial statements on a basis other than going concein.
The Iruslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any
lime the finar)cial position of tho charitable company and enable them lo ensure that the financial slalemenls comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hènce for taking reasonable steps for the prevention and delecllon of fraud and other irregularities.
In so far as the Iru$legs are aware..
there is no relevant audit information of which the charitable company's auditors are unaware, and
the trustees have taken all the steps that they ought lo have taken lo make themselves aware ol any relevant
audit infomalion and to establish that the audilgr is aware of that inlormation.
This report was approved by the Governors, on
10. 1. 2016
Signed on behalf of the Board
Jacqueline Rowloy
Chalr

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Independent Auditors Report to the Governors ofThe Northumbrian Educational Trust Ltd
For the year ended 31 August 2025
Opinion
We have audited the financial slalemenls of The Northumbrian Educational Trust Limited Ilhe'charilable company'}
for the year ended 31 August 2025 which comprise the Slalemenl of Financial Aclivilies. the Balance Sheet, the
Cash Flow Statement and notes lo the financial slalemenls, including a summary of significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
AccoLJnting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in
the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 August 2025, and of its incoming
resources and application ol resources, including ils 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.
Basls for opinion
We conducted our audit in accordance with Internation81 Standards 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 statements section of our report. We are independent of the charitable company in accordance with the
ethical requirements that are relevant lo our audit of the financial slalements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Emphasis of Matter- Not Going Concern
We draw attention lo note 1.2 of the financial statements, which explains that the financial slalemenls have not been
prepared on a going concern basis for the reasons set out in that note. Our opinion is not modified in respect of this
matter.
Other Information
The Iruslees are responsible for the other information. The other information comprises the information included in
the trustees, annual report, other than the financial statements and our auditor's report Ihereon. Our opinion on the
financial statements does not cover the other information and, except lo the extent otherwise explicitly staled in our
report, we do not express any form of assurance conclusion Ihereon.
In connection with our audit of the financial statements, our iesponsibilily is lo read the other information and, in
doing so. consider whether thè other inforrllation is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required lo determine whether there is a material
misslatemenl in the financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misslalement of this other information. we are required lo
repoil that fact.

The Northumbrian Educatlonal Trust Ltd
(Operating as Westfield School)
Independent Auditors Report to the Governors ofThe Northumbrian Educational Trust Ltd
For the year ended 31 August 2025
Opiniong 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 Iruslees. report lincorporaling the directors, report) for the financial year for which the
financial statements are prepared is consistent with the financial slatemenls,. and
the directors, report has been prepared in accordance with applicable legal requirements.
Matters on which we are requlred to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course
of the audit, we have not identified material misstatements in the directors, report.
We have nothing lo report in respect of the following matters in relation lo which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept. or returns adequate for our audit have not been received from
branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of directors. remuneration specified by law are not made.. or
we have not received all the information and explanations we require for our audit-, or
the trustees were not entitled to prepare the financial slalements in accordance with the small companies, regime
and lake advantage of the small companies, exemptions in preparing the directors, report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Iruslees, responsibilities statement sel out on page 12, the trustees (who are also the
directors of the charitable company for the purposes ol cornpany law} are responsible for the preparation of the
financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of fi'nancial slalemenls that are free from material
misstatement. whether due to fraud or error.
In preparing the financial slalemenls, the Iruslees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, mallers related to going concern and using the going concern
basis of accounting unless the Iruslees either intend lo liquidate the charitable company or lo cease operations, or
have no realistic alternative bul to do so.
Auditor's responsibilities for the audit of the financial ststements
We have been appointed auditor under the companies Act 2006 and we report in accordance with this Act.
Our Objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from
material misslalemenl, whether due lo fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always delecl a material misstatement when it exists. Misslatemenls can arise from fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these ftnancial statements.
Irregularities, including fraud. are instances of non-complian￿ with laws and regulations. We design procedures in
line with our responsibilities. outlined above, to delecl material mi5Statemenls in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed bèlow.

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
IndependentAuditors Report to the Governors of The Northumbrian Educational Trust Ltd
For the year ended 31 August 2025
We obtained a general understanding of the company's legal and regulatory framework through enquiiy of
management concerning their understanding of relevant laws and regulations, the entity's policies and procedures
regarding Compliance, and how they identify, evaluate and account for litigation claims. We also diew on our existing
understanding of the company's industry and regulation.
We understand that the company complies wth the framework through..
Engaging external legal professionals as required and making changes to internal procedures and controls as
necessary.
The directors. close involvement in the day-lo-day running of the business, meaning that any liligalion or claims
would come to their attention directly.
Moniloiing of updates made by iegulalory bodies.
In the context of the audit, we considered those laws and regulations which determine the form and content of the
financial statements, which are cenlffil lo the company's ability lo conduct ils business, and where there is a risk that
failure to comply could result in material penalties. We identified the following laws and regulations as being of
significance in the context of the company..
The Companies AGt 2006 and FRS 102 in respect ofthe preparation and presentation ofthe financial stalemenls.
The Charities Act 2011 and the Charities.. Statement of Recommended Practice in respect of the preparation and
presentation of the financial statements.
The Education and Inspections Act 2006 and associated regulations enforced by Independent Schools
Inspectorate, where applicable, in respect of compliance with Slatulory requirements for educational provision
and safeguarding standards.
We performed the following specific procedures to gain evidence about compliance with the significant laws and
regulations identified above..

The Northumbrlan Educational Trust Ltd
{Operating as Westfield School)
statement of Financial Activities (including the Income and Expenditure Account)
For the year ended 31 August 2025
Making enquires of trustees and management as lo where they consider there lo be a susceptibility to fraud and
whether they have any knowledge or suspicion of fraud.,
Obtaining an understanding of the intemal controls established to miligale risks related lo fraud or non-
compliance with laws and regulations.,
Reviewing the minutes of meetings of those charged wlh governance.,
Reviewing any reports and communications issued by Independent Schools Inspectorate and
Reviewing a sample of legal and professional fees to ensure that any claims. litigation or other Complian￿ related
mallers were identified and appropriately disclosed.
The sernior statutory partner led a discussion with senior Members of the engagement team regarding the
susceptlbllky of the entity's financial statements lo maleri81 mlsstatement, including how fraud might occur. The areas
identified in this discussion were..
Manipulation of the financial ststemenls via fraudlllenl journal entries and management overriding controls.
The incorrect recognition of fee revenue from fraud or error, around the period end.
The incorrect recognition of grants and donations resulting in the income being recognised in the incorrect
accounting period.
The risk that the assumptions adopted in the valuation of the land and building tangible fixed assets are
nappropriale. resulting in an inappropriate valuation being adopted.
These areas were communicated lo the other members of the engagement team not present al the discussion.
The proGedures we carried out to gain evidence in the above areas included..
Performed data analytics on the general ledger against client specific criteria
Selected a sample of journal entries using client specific risk criteria and agreed lo supporting evidence
Recalculation of fee income for a sample of pupils throughout the year which was compared wlh actuals to
ensure fee income was complete, accurate and occurred in the financial year.
Obtained third party evidence fora sample of grants and donations, lo ensure that il was appropriate to recognise
the income in the financial slalemenls in accordance with the PTinciples of the SORP.
Obtaining and evaluating the third party valuation of the fixed assets properties and challenging the assumptions
adopted for reasonableness.
Use of our report
This report is made solely to the charitable company's members, as a body, In accordance with Chapter 3 of Part 16
of the Companles Act 2006. Our audit work has been undertaken so that we M￿h1 stale to the Ghaiitable company's
members those mallers we are requireil lo state to them in an auditor's report and for no other purpose. To the
fullest extent pem)itled by law, we do not accept or assume responsibility to 2nyone other than the charitable
Gompany and the charitable Company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
C ww0LLb-￿-
Craig Henderson (Senlor Statutory Auditor)
For and on behalf of S&W Audit
Statutory Auditors
Chartered Accountants
17 Queens Lane
Newcastle upon Tyne
NE11RN

The Northumbrian Educational Trust Ltd
{Operating as Westtield School)
Statement of Flnanclal Actlvities (including the Income and Expenditure Account)
For the year ended 31 August 2025
Unrestricted Unrestricted Restricted
Fund
Funds
funds
general
de8lgnated
Total
2025
Total
2024
Notes
Income from:
Charitable activities
Investment Income
Other income
2,903,985
14,149
139 2,904,124 2,963,833
14,149
7,161
499
Total Income
2,918,134
139 2,918,273 2,971,493
Ex
enditure on:
Costs of providing education
Other costs
2.876,784
84,063
1,252
3,002 2,881,038 2,797.673
84,063
99,136
Total expenditure
2.960,847
1,252
3,002 2,965,101 2,896,809
Net incomlng resources before
tran$fers
142,713)
{ 1,2521 12,8631 (46,8281
74,684
Gross transfers between funds
50.800
{ 50,8001
Net Incomlng resources
8,087
152,0521 12,863 } 146.8281
74,684
other recognised gains and losses
Revaluation of tangible fixed assets
184,600
Net movement in funds
8,087
132,548
12.8631 146,8281
74,684
Fund balances at 1 September 2024
1,939,620
2,490,252
28,338 4.458,210 4,383,526
Fund balances at 31 Augus 2025
1,947,707
2.622,800
25.475 4,595,982 4,458,210
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditu￿ derive from continuing aclivilies.
14

The Northumbrian Educational Trust Ltd
(Operating as Westfleld School)
Balance Shget
As at 31 August 2025
Notes
2025
2024
Fixed assèts
Tangible assets
12
6.382.346
6.317,073
6.382.346
6.317,073
Current assets
Stock
Debtors
Cash al bank and in hand
13
14
3.327
123.079
306.130
1,822
48.005
519,147
432.536
568.974
Creditor$- amounts falling due withln
ong year
15
11.069.377)
11,091,359)
Net current liablllties
1636,841 }
1522.3851
Total assets less current IlabSlltles
5,745,505
5.794,688
Crgdltors: amounts falllng duo after
more than one year
16
{ 1,149,523 }
11,336,478)
Net assets
4,595,982
4.458,210
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
20
25,475
28.338
2.622.80tr
1,947.707
2,490.252
1,939.62Q
4.595.982
4,458,210
These financial slatemenls have been prgpared in accordance with the provisions applicable lo companies subject
lo the small companies rogime.
1. 201
Approved by the Governors on ..........................
and signed on their behalf by..
J Rowley
Chalr
L Kelg tley
Trustee
Company Number 00669916
The notes on pages 17 10 33 form part ofthese financial slalemenls
15

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Cash flow statement
For the year ended 31 August 2025
Notes
2025
2024
Cash flows from operating activities
Cash generated (absorbed byllgeneraled from
operations
24
124,1431
604,903
Investing activities
Purchase of tangible fixed assets
Interest received
133,5641
14,149
123,5151
7,161
Net cash {used inl
Investing activities
119,4151
116.3541
Financing activities
Repayment of borrowings
1169,4591
1169,4591
Net cash used in financing activities
1169,4591
1169,459)
Net {decreasellincrease In cash
and cash equivalents
1213,017)
419,090
Cash and cash equivalents al beginning
of year
519,147
100,057
Cash and cash equivalents at end of year
306,130
519,147
16

The Northumbrian Educational Trust Ltd
(Operating as Westtield School)
Note to the financlal statements
For the year ended 31 August 2025
Accounting Policies
Charity infomiation
The Northumbrian Educational Trust Ltd is a private company limited by guarantee incorporated in England
and Wales. The registered office is Westfi'eld School, Oaklield Road. Gosforth, Newcastle upon Tyne, NE3
4HS.
1.1 Accounting convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accordan￿ with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019,
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the
Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.
The Northumbrian Educational Trust Ltd meets the definition of a public benefit under FRS 102. The financial
statements are prepared under the historical cost convention or transaction value unless otherwise staled in
the relevant accounting policy notelsl. The financial slalemenls are prepared in Sterling which is the function81
currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consislenlly applied lo all years presented unless otherwise staled.
1.2 Going concern
Subsequent to the year end, the school has entered into an agreement lo merge with Newcastle Royal
Grammar School. This merger will take place on 31 May 2026, at which point all trade and assets wll be
transferred out of the Northumbrian Educational TrLJsI Ltd lo Newcastle Royal Grammar School. The company
will then be wound up accordingly. Therefore. the governors have prepared the financial statements on a basis
other than going concern. No adjustments have been required to the financial statements as a consequence
of this.
1.3 Funds
Unreslricled funds are available for use al the discretion of the governors in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Designated funds comprise unrestricted funds that have been sel aside by the trustees for particular purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are sel out in the notes lo the financial slatemenls.
17

The Northumbrian Educatlonal Trust Ltd
(Operating as Westfield School}
Note to the financial statements
For the year ended 31 August 2025
1.4 Incoming resource5
Income is recognised when the school is legally entitled lo il after any performance wndilions have been mel,
the amounts can be measured reliably. and it is probable that income will be received.
Income within charitable activities represents, in the main, school fees re￿1vable less scholarships, bursaries
and discounts. This income together with other operating income is included in the period lo which the relevant
activity lakes place. Income received in advance of the period in which the activity lakes pla￿ is included in
deferred income.
Investment income is included when receivable by the charity.
Grant income is included on 8 performan￿ mode, being included in the period to which the activity it relates
lo occurs.
1.5 Resources expended
Resources expenses are accounted for on an accruals basis and include allributable VAT which cannot be
recovered as the company is not règistered for VAT. Charitable activity costs includes expenditure relating lo
the operation of the school and includes both the direct costs and support cost5 relating to this aclivily. Support
costs included central function expenditure. Governance costs include those occurred in the governance of
the charity and ils assets. and are primarily associated with constitutional 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 slated al cost less depreciation. New capital
developments are depreciated only when work has been completed and they are brought into use.
Expenditure on individual items that are over £1,000 and capital in nature are capitalised.
Freehold land and buildings are carried at valuation, with depreciation being charged in in the periods between
valuation movements. The gain or loss on valuation is taken lo the revaluation reserve I general unrestricted
funds as appropriate. The depreciation charged, which is in excess of the depreciation which would have been
charyed if the as5el was c8rried al historic cost, is subsequently transferred from the General Unrestricted
reserves into the Revaluation Reserve.
Depreciation is provided at rates ealculated to write off the cost less eslimaled residual value ol each asset
over ils expected useful life, as follows..
Freehold land and buildings
Equipment
over expected useful live of 50 years
200kn reducing balan￿ (Computer equipment 200/0 Straight
Fixtures & ftttings
Motor vehicles
15Yo reducing balance
over expected useful life of S years
The gain or loss arising on the dispos81 of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in nel incomellexpenditurel for the year.
The assets residual 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 Northumbrlan Educatlonal Trust Ltd
Ioperating as Westfield School)
Note to the financial statements
For the year ended 31 August 2025
1.7 Fixed asset investments
Fixed asset investments are initially measured al transaction price excluding transaction costs. and are
subsequently measured at fair value al each reporting dale. Changes in fair value are recognised in net
incomellexpendilurel for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the school reviews the carrying amounts of ils 18ngible agsels lo determine whether
there is any indication that those assets have suffered an impairment loss, If any such indication exists, the
recoverable amount of the asset is estimated in order lo determine the extent of the impairment loss lif any).
1.9 Stocks
Stocks are slated at the lower of cost and nel realised value.
1.10 Debtors
Trade and other debtors are recognised al the settlement amount due after any trade discount offered,
Prepayments are valued at the amount prepaid nel of any trade discounts due.
1.11 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid
investments wth original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.12 Credltors 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 normally recognised al their settlement after
allowing for any trade discounts due.
1.13 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslTumenls.
Basi¢ financial instruments are initially recognised at transaction value and subseqLJenlly measured at their
selllement value with the exception of bank loans which are subsequently measured al amortised cost using
the effective interest method.
1.14 Employee benefits
The school operates a defined contributions pension scheme for non-teaching staff and some teaching staff.
The cost of any unused holiday enlitlemenl is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the school is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.

The Northumbrian Educational Trust Ltd
{Operating as Westfield School
Note to the financlal statements
For the year ended 31 August 2025
1.15 Retirement benefits
The school opèrates a defined contributions pension scheme for non-leaching staff and some leaching staff.
Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.
The school participates in the Teachers, Pension Scheme, which is a slalulory defined benefit scheme for
leaching staff only. 11 is not possible lo identify the assets and liabilities of the scheme which are allributable
to the school. The charges to the slalemenl of financial activities is the amount payable in the period.
1.16 Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and
rewards of ownership to the lessees. All other leases are classifi'ed as operating leases.
Assets held under finance leases are recognised as assets al the lower of the assets fair value al the dale of
inception and the present value of the minimum lease payments. The related liability is included in the balance
sheet as a finance lease obligation. Lease payments are treated as consisting of Capital and interest elements.
The interest is charged to net incomellexpenditurel for the year so as lo produce a constant periodic rale of
interest on the remaining balance of the liability.
1.17 Conce$sionary loan
The loan to the school, qualifying as a public benefit entity cOn￿ssIOnarY loan, due lo it being made to advance
the charitable purposes for the benefi't of the school, is not discounted.
Crltleal accountlng estlmates and judgements
In the application of the school's accounting policies, the govemoTS are required to make judgements,
eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales 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 periods where the revision affects both current and future
periods.
Key Accounting Estimates
Property Valuation
The freehold property is included in the accounts al valuation (note 121. Due to the unique nature of the site
the identification of the valuation can be complex and uncertain. as in the event of a sale of the Property, the
disposal value would depend on the purchasers available al that lime and their intentions for the site. The
governors review the valuation al each year end and take into consideration the latest professional valuation,
recent properly disposals in the area and any changes in the sile. They consider the Current ¢al¢LJlalion to be
a reasonable estimation of the current value of the site.

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Notè to the financlal statements
For the year ended 31 August 2025
Income from charitsble activities
2025
2024
Provision of educational serVI￿S
2,904,124
2,963,833
Analysis of fund
Unrestricted funds - general
Reslricled funds
2,903,985
139
2,%3,326
507
2,904,124
2.%3,833
Investments
2025
2024
Interest receivable
14.149
7,161
14.149
7,161
Expenditure on charitable activities
2025
2024
Staff costs
Education costs
Depreciation and impaimienl
Support and governance costs {note 61
1,817.142 1,754,170
321,394
321,330
25,592
26,257
716,910
695,916
2,881,038 2,797,673

The Northumbrian Edueatlonal Trust Ltd
{Operating as Westfield School)
Note to the financial statements
For the year ended 31 August 2025
Support costs
Support
costs
Governance
costs
2025
2024
Staff costs
Other school costs
Premises costs
Audit fees
Legal and professional
306,497
203,180
124,205
306,497
203,180
124,205
9,000
74.028
290,699
213,698
128,937
8,500
54,082
9,000
74,028
633.882
83.028
716,910
695,916
Other costs
2025
2024
Financing costs
84.063
99,136
Finance costs is loan interest.
Governors
None of the governors lor any persons connected with them) received any remuneration during the year and
one of them were reimbursed expenses12023 - £nil}
Analys58 of staff costs
staff costs were as follows..
2025
2024
Wages and salaries
Social security costs
Other pension costs
1,668,553
180,425
274,661
1.629,441
154,472
260,956
2.123,639
2,044,869
The average monthly number of employees during the year was..
2025
Number
36
22
2024
Number
43
17
Teachinglcatering
Support
58
60
22

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Note to the flnancial statements
For the year ended 31 August 2025
Analysis of staff costs fcontinuèd)
Remuneration and benefits received by key management personnel who constitute the senior management
team amounted to £210,22012024- £208,929).
The number of employees whose annual remuneration was £60,000 or more were..
2025
Number
2024
Number
£60,000 - £70,000
Of the employees whose emoluments exceed £60,000 1 12020 - 1} have retirement benefits accruing under
defined benefits pension schemes.
10.
Net movement for the year
This is Staled after charging,.
2025
2024
Depreciation
Operating lease expense
152.891
27,650
153,557
83,033
11. Auditor's remuneration
2025
2024
Fees payable lo the charity's auditors for the audit
of the charity's annual accounts
9,000
8,500
23

The Northumbrlan Educational Trust Ltd
(Operating as Westfield School)
Note to the financial statements
For the year ended 31 August 2025
12. Tangible fixed assets
Freehold
Fixtures.
Land and
fittings &
Buildings Equipment equipment
Motor
vehicles
Total
Cost or valuatlon
Al 1 September 2024
Additions
Revaluation
6,365.000
22.729
170,0001
327,237
8,928
380,266
1,907
4,815
7,077.318
33,564
170.0001
At 31 August 2025
6.317.729
336,165
382,173
4.815
7.040,882
Depreciation
At 1 September 2024
Charge for the year
Revaluation
127,300
127,300
1254,6001
284,437
19,715
344,301
5,673
4,207
203
760,245
152.891
1254,6001
At 31 August 2025
304,152
349,974
4,410
658,536
Carrying amount
At 31 August 2025
6.317,729
32,013
32,199
405
6,382,346
Al 31 August 2024
6,237,700
42.800
35,965
608
6,317.073
The freehold land and buildings were valued on an open market basis in July 2025 by a firm of independent
Charted Surveyors, at £6,295m. This historic cost of the revalued properties is £3,825m.
Freehold land and buildings have been pledged lo secure tx)rrowings of the school. The school is not allowed
to pledge these assets as security for other borrowings or lo sell them to another entity, without the permission
of the borrower.
24

The Northumbrlan Educational Trust Ltd
(Operating as Westfield School)
Note to the financial statements
For the year ended 31 August 2025
13 Stocks
2025
2024
Catering supplies and consumables
3,327
1,822
14
Debtors
2025
2024
Amounts falling due wlthln one year:
Trade debtors
Prepayments and accrued income
78.503
44,576
27,672
20.333
123,079
48,005
15 Creditors: amounts falling due within one year
2025
2024
Notes
17
Bank loans
Other laxalion and social security
School fees in advance
Trade creditors
Other creditors
Accruals and deferred income
186,955
58,666
507,372
133,103
41,225
142,146
180.325
54,629
652,125
28,727
41,935
133,618
1,069,377 1.091,359
25

The Northumbrlan Educatlonal Trust Ltd
(Operating as Westfield School)
Note to the financial ststements
For the year ended 31 August 2025
16 Creditors.. amounts falling due after more than one year
2025
2024
Notes
17
Bank loans
Other borrowings
699,523
450,000
796.478
540.000
1,149,523 1,336,478
17
Loans and overdraft
2025
2024
Bank loans
other loans
699,523
450,000
886,803
630,000
1.149,523 1,516,803
Payable Mqthin one year
Payable after one year
186,955
180,855
1, 149,523 1,336,478
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 rale of 6.2Yo
The other Soan, which is repayable in annual inslalmenls, is secured by a second charge on the school's
freehold land and buildings. This loan qualifies as a public benefit enlily concessionary loan and as such has
not been discounted. Interest is charged at 10/D above the Bank of England base lending rated.
18 Financial instruments
2025
2024
Carrying amount of financlal assets
Debt instruments measured al amorlised cost
78,503
27,672
Carrying amount of financial Ilabllities
Measured at amortised cost
1,500.325 1,582,669
?A

The Northumbrian Educational Trust Ltd
(Operating as Westfield School)
Note to the financial statements
For the year ended 31 August 2025
19
Retirement benefit schemes
Deflned contribution schemes
The school operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held sepaTately from those of the school in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £14,001 12024 - £23,416).
Defined beneflt scheme
Teachers, Penslon Scheme
Introduction
The Teachers, Pension Scheme ITPS or scheme) is a statutory. unfunded, defined benefit occupational
scheme, governed by the Teachers, Pensions Regulations 2010 las amended), and the Teachers, Pension
Scheme Regulations 2014 las amended). These regulations apply to teachers in schools and other
educational establishments. including academies, in England and Vvales that are maintained by local
authorities. In addition, teachers in many independent and volunlary-aided schools and teachers and lecturers
in some establishments of further and higher education may be eligible for membership.
Membership is automatic for full-time teachers and lecturers and, from 1 January 2007, automatic too for
teachers and lecturers in part-time employment following appointment or a change of contract. Teachers and
lecturers are able to opt out of the TPS.
The Teachers. Pension Budgeting and Valuation Account
Although members may be employed by various bodies, their retirement and other pension benefits are set
out in regulations made under the Superannuation Act119721 and Public Service Pensions Acl120131 and are
paid by public funds provided by Parliament. 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 Teachers, Pensions Regulations 2010 require an annual account, the Teachers, Pension Budgeting and
Valuation Account, to be kept of reTripls and expenditure {including the cost of pension increases). From
1 Apri12001, the Account has been credited with a real rale of return, which is equivalent lo assuming that the
balan￿ in the Account is invested in notional investments that produce that real rate of return.
ValuatiTon of The Teachers. Pension Scheme
As a result of the latest scheme valuation (March 20201 published in October 2023 employer contributions will
be increased in April 2024 from a rale of 23.680h to 26.68Q/o.
A copy of the lalesl valuation report can be found on the Teachers, Pension Scheme website.
?7

The Northumbrian Educatlonal Trust Ltd
(Operating as Westfield School)
Note to the finanelal statements
For the year ended 31 August 2025
20
Funds
The income funds of the charity include restricted funds comprising the following unexpended balances of
donations and grants held on trust for specific purposes..
Ye8r ended 31 Au
ust 2025
At1
September Income
2024
At31
Expenditure Transfers Revaluation August
2025
Unrestricted funds
Revaluation Reserve
1.939,620 2,918,134 12,960.8471
2.489,000
50,800
{ 50,8001
1,947,707
184.600 2,622,800
Designated funds
Junior House
Development
1,252
11,252)
Total designatgd
funds
2,490,252
11,2521 150,8001
184,600 2,622,800
Restricted funds
The Prize and Bursary
Fund
The Old Girls,
Association
Scholarship and Travel
Fund
2,016
1985}
1,031
12,027
139
12,166
14.295
12,0171
12,278
28,338
139
13,0021
25,475
Total
4,458,210 2,918,273 12,965,101 1
184,600 4,595,982
Deslgnated Funds
Comenius Project- funds provided by the British Consul designed by the governors lo be used to enhance
the experiences of the girfs through trips and additional school facilities.
Junior House Development- following the re-provisioning of Junior House in the ex-science block this fund
will be used for additional provisioning requirements.
28

The Northumbrlan Educatlonal Trust Ltd
(Operating as Westfield School)
Note to the financial statements
For the year ended 31 August 2025
Restricted Funds
The Prize and Bursary Fund- used lo purchase of prvzes and trophies awarded to girls. 11 may also be used
for the award of bursaries lo current pupils al the school.
The Old Girls. Association - used lo send a copy of the school magazine lo recent old girls. Resources are
also available lo fi'nance events which may be arranged from time to lime. Parents of 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 lo pupils who would not otherwise be able to take part
in Round Square overseas aclivilies. The fund was set up as a result of donations by members of the board
of governors.
Scholarshlp and travel fund - used lo award two scholarships each year. One scholarship is awarded to a
sixth former for overseas travel and the other scholarship is awarded lo the girl who achieves the best results
in A Level examinations. The source of the fund was a donation by Professor Alex Crombie, in memoiy of his
wife, who was a founder governor of the school. The fund is currently invested in a Charities Foundation
income fund.
29

The Northumbrian Educational Trust Ltd
Ioperating as Westfield School)
Note to the financial statements
For the year ended 31 August 2025
20 Funds
The income funds of the charity include restricted funds comprising the following unexpended balances of
donations and grants held on trust for specific purposes..
Year 8nded 31 Au
ust 2024
At1
September Income
2023
At31
Expenditure Transfers Revaluation August
2024
Unrestricted funds
Revaluation Reserve
1,810,653 2,970,986 12,893,019 }
2,540,000
51,000
151.0001
1,939,620
2.489,000
Designated funds
Junior House
Development
3,392
12,140)
1.252
rotal designated
funds
2,543,392
2,490,252
Restrlcted funds
The Prize and Bursary
FLJnd
The Old Girls,
Association
Scholarship and Travel
Fund
3,001
19851
2,016
11,520
507
12,027
14,960
16651
14,295
29,481
507
11,650}
28,338
Total
4,383,526 2.971,493 12,896,809)
4.458.210
30

The Northumbrlan Educatlonal Trust Ltd
(Operating as Westfield Schooll
Note to the financial statements
For the year ended 31 August 2025
21 Analysls of net assets be￿een funds
Year ended 31 Au
ust 2025
Unrestricted Designated Restricted
Funds
Funds
Funds
2025
2025
2025
Total
2025
Tangible assets
Current asselsllLiabililie51
3,759,546 2.622,800
1662,3161
6,382,346
25,475 1636,8411
Long term liabilities
11,149,523)
11,149,523)
1,947,707
2,622,800
25.475 4,595,982
Ye2r ended 31 Au
ust 2024
Unrestricted Designated Restricted
Funds
Funds
Funds
2024
2024
2024
Total
2024
Tangible 28sels
Current assetsllLiabililiesl
3,828,073 2,489,000
1551,975 }
1.252
6,317,073
28,338 1522,3851
Long temi liabilities
11,336.478)
11,336,478)
1,939,620
2.490,252
28,338 4,458,210
22 Operating lease commitments
At the reporting end dale the school had outstanding commitments for future minimum lease payments under
non4ancellable operating leases, which fall due as follows..
2025
2024
Within one year
Between two and five years
27,650
55,383
27,650
27,650
83,033
23 Related party transactions
There were no related party transactions during the ye8r12024 - none).
33

The Northumbrian Educational Trust Ltd
(Operating as Westfield School}
Note to the financial statements
For the year ended 31 August 2025
24 Cash generated from operations
2025
2024
Net loutgoingll incoming resources before valuation gains
{ 46,8281 74,684
Adjustments for..
Depreciation of tangible fixed assets
Interest receivable
152,891
153,557
Movements in working capi181'.
IlncreasellDecrease in stocks
Decreaselllncreasel in debtors
Increaselldecreasel in creditors
11,505)
175,0741
139,4781
69
56,529
507,550
Cash generated fromllabsorbed by) operations
124,1431
612.064
25 Analysis of changes in net debt
At 1 Sep Cash
2024 flows
At 31 Aug
2025
Long term borrowings
Short term borrowing$
11,336,47811186,955111,149,5231
1180,325 }
6.630 1186.9551
Total liabilities
Cash and cash equivalents
11,516,80311180,325111,149,5231
519.147 1213,017)
306,130
{ 997,6561 1154,2631 1843,3931
33

The Northumbrian Educatlonal Trust Ltd
Ioperatlng as Westfield Sehool)
Note to the financial statements
For the year ended 31 August 2025
26. Statement of Financial activities as at 31 August 2024
Unrestricted Unrestricted Re$tricted
Fund
Funds
funds
general
designated
Total
2024
Total
2023
Notes
Income from:
Charitable activities
Investment Income
Other income
2,963,326
7,161
499
507 2,963,833 2,542.230
7,161
2.014
499
Total Income
2.970,986
507 2,971,493 2,544,244
Ex
enditure on:
Costs of providing education
Other costs
2,793,883
99.136
2,140
1,650 2,797,673 2,396,737
99,136
97,500
Total expendlture
2,893,019
2,140
1,650 2,896,809 2.494,237
Net Incomlng resources before
transfers
77,967
74.684
50.007
Gross transfers between funds
51,000
151,0001
Net Incomlng resources
128,967
74,684
50,007
other recognised gains and losses
Revaluation of tangible fixed assets
2,540,000
Net movement in funds
128,967
74,684 2,590,007
Fund balances al 1 September 2023
1,810,653
2,543,392
29,481 4,383,526 1,793,519
Fund balances at 31 August 2025
1,939,620
2,490,252
28,338 4,458,210 4,383,526
33