Ch•rlty R•gl•tratlon No. 528234
Company Regl$tratlon No. 01000027 (England and Walm)
WELLOW HOUSE SCHOOL LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

WELLOW HOUSE SCHOOL LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trust9•8
R Statmfi¢ld
P Du55
Ch*rfty numb•r
528234
Comp•ny numb•r
01000027
R•gl¥t•r•d offl¢e
Wdlow HtyJs•
Wdlthv
Newark
N¢thngham
NG22 OEA
Audltor
BenUay• Accounting Llmll•d
Suite 6. 1411143 Se4Jth Road
H8yward8 Heath
W•81 Su538X
RH16 4LY

WELLOW HOUSE SCHOOL LIMITED
CONTENTS
P•g•
Tr￿1￿, report
Statemonl of tsuslo68' respo￿lbillti.es
Inde￿ndert auditof8 reF*rt
Ststom8nl olfinancid actr¥it*¥
Balan¢• sh￿t
Notes lo the fin•nd*l 8tal•Mnt4
10-18

WELLOW HOUSE SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2022
The Iruslee8 ￿Sent their Tewt and finanaal statements fty the yaw end•d 31 A￿U$l2022.
The a¢￿UnIS have been P￿p￿ed in accordan¢e ¥rith tr* aceountsng Oicies 881 wt in note 110 the accounts and
comply with the charity'5 artsdes, the Companies Act 20Cfj and'A¢counbng and Reporting by Charities.. Stslemenl
of Recommend9¢ Practice appliCat￿e to charities preparirwJ ￿'r account$ in xcordanc• wth the Financlal
Reporting Standard app1*ca￿e in the LIK aNI Republi¢ of Irdand {FRS 102). amended for #¢COLming pen'od¥
c¢mm8ncing from l January 2016)
ObJ•ctlvM Ind a¢tlvltl•$
Wellow House School kn"mrted is an independent Prepw81ory School located in its own grtyjnds of 21 4¢r•s in
North Nottinghamshire. The School pmvidel ¢ducatsLM lo girfs t¥Jys bets%wn tho ages of 3 and 13 year• and
i• open to applic4lion ty all mombers of the public.
The Scho￿ boasts an impressivg academic ￿Cord #NI rt 1$ th• Sctrtt4'8 ￿.￿l>paI obltctive to idents'fy and ￿￿oI0P
the talents and a￿l￿.e3 of its to the highest possible level. 01 equal importance 18 the davalopmenl of the
.￿r$￿41 qualth"e¥" of each pupil 80 that when Ihey eventLolly le*• to move on to another $chool th•y are ￿readY
confidgnl, caring and r•spon*blts Indiv￿￿118.
In ￿der lo achieve th•¥e Objectiv￿ the tru$tee8 rg¢c¥ni8a the importance of provtding a Mfe •nd nurturfng
vlronmenl al the School supwrted by 8 professicnal an11 molivaled team of teachw8 and othèr 8tsff mernb￿.
For a Small lchool an extremely rnnge o13POrtJrrfJ and other r•)n academic actlviles are prowdad to wpS11.
Addllionally the School Involves itsdf in rai$brffJ mc*)i•8 a *lde rnry allocal, naknal •nd int•maltond charfll•J
In ￿1¢h rt8 puw"Is are lulty Imiofv8(1.
Th8 School offers tsJr88rios Ic* pupils for tAlb)m * Hou•e Solool •duGab"on ¥￿[￿d Mt otheThwse b•
pou1￿•, ovaMbl• on a me￿3-t•lted basm.
Tr* truste•• hav? paKI du• regard to guidance issued by Chwity Commlsshx in d•clding acb'¥its'e$
charity Sh￿jId undertake.

WELLOW HOUSE SCHOOL LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Flnanclal r•vl•w
Du8 to th• now o¥mers the Sch&)I rernwns fm # wund ffin¥r￿￿ b880 as all dehpits are b•lbVJ covered by tham
vknilsl t￿ tr￿lId SchcKA for Ihe fu￿re
Atha becarne irwolved wrth the School for tho kng tenn ¥Alh W￿.1 numbers set to be at thetr highest le￿1 for
number of years in September 2021. This is the deawl indicator tre School is now on tha upw81d trajectw and
can put th•1881 fewdifficujl years behind them. Tr Sthjd NJ* ha8 a 8tabl• co¥t bAse is setto rnap b8nafit8
movlng forward.
It i¥ t￿ policy of the charity that uniestrrcted t*thich have not been dosignatsd for • Specific u4• Should b•
m8inlain•d at 4 level fjquivalenl lo bethen three and six monlh'$ expenditur•. The tru81ou eM$idws that
reserve$ at thi8 level wll ensurg that, in the •vent ol a $ignfficant drop In fijnding, they ￿11 be abl• lo continu• tha
¢harlty's cuirenl activibes wfr41é Co￿lder8￿￿ 1$ to way$ in addib.onal fijryls may be raised. Thi$ l•Y
of resw•s has been malntaino4 throughoul thè year
Th• tN$l•ts h88 888•M•d th• major ri8ks lo wthich the ¢h*lty iq expo•ed. •rKI •re 8ati*fied th•t iyit•mi ate In
ploce lo mitigat• txpoiure lo the malor risk8.
Plan• for futur• p•rl*)d*
Th• Headteacher has been in post for a lew years and numbery4 have increas•d. The School is rK>W
extending out lo Year 9 puw.ts from September 2021 vA)Ich will lurther ènhartce 11$ offon'ng 8nd 4ppeal lo th•
markfjt.
The kty aims for the next 12 months wll bo incroawng wpil num￿15 Ihrvughout lh• School ￿jUring th•
operational Ghang￿ are fully *M￿eMents￿ tor b•n•fft of lh• 9￿1￿n9 and ftrture W￿1#.
Structur•, go¥ernanc• •nd m•na9•m•nt
Wellow Housa School Limited 18 a reglstwed chanty {¢h*nty no. S282341 and a limitod Icompany rK•. 1000027).
The mem{vandL￿n and a￿.¢1¢¥ of as8o¢iation xt as tré Aovemlnq d¢¢ument of the companyl¢han"ty.
Tho trwtO08. **ho 4r• 0180 th¢ th'rectorn Ihe ptsrF*M• ofcompany law, •Thl tptho sorvgd thjrlng th? y83r an¢ up
to tM date of signature olth• finanryal statements V&We."
A Khan
R Statter3ffeld
P Bus5

WELLOW HOUSE SCHOOL LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Now InMtees are •pw'nted by and vnth the agreement of the conts'nuing trusloes in thth'r absolute discretion.
Since incorporab"¢>n, no n¥w trwtee8 have been tak•n on. As • resulL there 1$ no in place wardng
the induth.on and training of new tmslees. H¢)￿￿. on Ihe appointment of nèw trustoès going lorward, 8uffityent
policies arKt training procedu￿ will be implemented in line wth req￿rem￿nIs.
The r•mun•ration of key management p•rsonr*l is ￿t, wewod •rKI di8¢us8•d In detail by the dwnty tru¥tees.
None of th8 trustees have any ben¢ficial ir)teresl in the o%npany Al of ltte truslths are momb8Tr of th•
¢omp8ny and guarydnl•e lo contribute £1 In the event of a winding up.
Thg marHgement stwclure invdv•8 8 combination of cixnpany directors, Khool govemrs {811 paidl plu6
8enior managemont of the Sch￿4 led by the headmistr8$8 Gwmors formulate policy and stratsgy for the
School ￿th directors providing Iheir approval and Input regarding 811 major d8cl$ionB thcluding imwjrtantly
financial decislons. The headmi5tres$ and Senior management t••m impl•ment th8¥9 poli¢y decAslon8 and
run the day to day managem￿1 of Ihe lor ￿1¢h there is 8 ¥y8tsm of rogular r•vivws Jnd m¢Jnilorlng by
90vemors and ¢*'ro¢tor5.
A818 th• Ilandard almost all $cl)cds In England and Waleg it ij thè bogrd of govemoT8 of Ihe 8cho
who take r•$wnsibility for risk management. that Is idenl'fication of areas of risk ihg ¢ontrol •nd [l￿nitOring
p￿edUres. The govemors report re9ularfy to the directm ￿ sp•afic risks ￿entified and th8 dlrecth ¢ary
the annual rnviw oftho88 risk8
Th&rts is a Well￿1￿1$hed sy818m for Identifying 8nd app)inb'ng new9￿0r￿ ptu• tho p￿•10n ofth•
n8cw8ary IrKtuction on th• appoinlmorrt ol govemor.
No pr•feronc• divldend$ were p•id. Th difector8 do not r•¢¢xnmand p4ym•nl of a flnal dividaro.
Audttor
Bentley$ Accounting Llmitod were app￿n￿￿ aftfrr year end lo l(11 ¥ casual Po￿11¢￿ as Audrtorn lo
company. a resolution pfow5ing ihat thay be r8-apwnt•d wll ￿ put lo the mtrrnt4¥8
The tsyst•es' rgp)rt was 8PPIOV8(I by Ihg Board of Truste•$.
p eu88
Dated.. 26 May 2023

WELLOW HOUSE SCHOOL LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2022
The Irustees, who are also the directt¥s of Well¢yw House Schorj ￿'MIted for the wrpose of company law, are
rèsponsible for preparing thè Trustees, Report and the fjnancial statements in a¢cc*dance appIl￿ble lthv ar*J
Unit•d lQngdw Accounting Sl8ndords {Uniled ￿"r￿rn Generalty ￿￿pted Aecountin9 Practic81.
Company Law requires the Iru$t•e8 to kytyare finano815tst•mwts foreach yearvthth give a tru¢ and fair
VI￿ of Ihe stste of affairs of the ¢hanty aTra of Ihe inccrfniro resoureès •NJ appb'cab"on of re80ur¢e$, including the
income #nd gxpeThliture. of Ihe charitable company for thal year.
In prepanng th••e financial statsments, the truste88 I￿ required to.
- 8ele¢t iurtablg afxounb'ng FdtleB then apF4y them consislenlly:
- obswe th• nwtlx>d• •nd ￿nCipleS in th• Chanlies SORP:
. make I￿￿nts ar￿ e¥t6mal•$ that arn rea8orthl• •id pn￿Oftt.. and
- pr8pare finanGi41 statements on lh• going eon¢em bo81$ rt is inapprqyiate to presume that tho charfty
will conts'nu• In owrntion.
The Iru8teès Are resp￿11t40 for *e•ping adequato attounts'w recwds that diKlos& wth rèason8￿8 ￿¢l￿acY 91 aty
'me tho financi￿ posibon of the ¢h8nty and enalje them lo ensufe th* the fin8n&al statements c￿￿pty the
Componles Act 21)J6 They are al￿ responsi￿e for safeguarding th• 8188ts of thè charity and hlnce for taking
rea￿￿ble $tops lor the prevenbon •nd d&tKts"on olfr8￿1 and Olhor lTh•gulantl￿.

WELLOW HOUSE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF WELLOW HOUSE SCHOOL LIMITED
Oplnlon
We have audited the financial st8lements ofwellow House Schtsjl Lirnited Ithe'chanty'l fr)r the year en¢Jed 31 Augu3t
2022 which ￿Mpn$e the stslement ol financial at￿"￿tIes, balance Sh￿ ar￿ thè note3 lo the finencial 8tat¢ments.
including a summary ol significant accounb.ng policies Th8 financiJ reporbng frame￿￿￿¢ that has ba•n applied in
thèir prnparatson is applicable law and United Kingtrjm Accounting Standards. irKluding Financjal Repolbng
Standard 102 The Finan¢Jal Rep¢ybng Stsndard appli¢*e in the UK and Republic of Ireland {Unit8d Kingdom
Generally Accepied A¢counts'ng Practs'ce).
In our opinion, the finalKi￿ 8tst•ments'.
give a true and fairviewofthe 81at8 ofthe charitsble componls affair5 as al 31 Augusl 2022 And ofrts Incoming
resourc8S and applieats.on of re$owce8, for the year then ended,.
have b•en ￿￿p?￿Y prepared in accwlance wth United ￿1vJdOrn Gan•rally l£¢ept8d Accounting Practs"c•'.
and
h¥ve b•en Preparnd in aCcord￿ce Vlilh th• requirwnents ol th• Compar￿e$ Act 2CrfJ6.
Ba¥1• lor oplnlon
We con<lucled our audh In 4¢cordance tmth Inlernai¢Jn* St4ndards on Audlting IUK) IISAB IUKII •nd applicabl• l•w.
Our re8ponsibilito9 und•r those stsndards are fvrther d8scrit4d In the Auditor8 responsibili11o$ lor Ihe aLth¥il ol tha
g¢counl8 $•¢ti(￿ ol our wport. W8 are independent of Ihe ¢harity in wth the •lhical requirnment8 that
are relevant lo our audit of the a¢¢ounts in tho UK, inclu(Jing the FRC'$ Ethical Standwd. and we ha￿ fulfilled our
other ethical responsibilities in accordance requirernents. IA* béli••• th•t the audrt •VKlonc• hav•
obtained 1$ iuffirierrt fjntj apprcprf8t• lo wovKle ? basis for our op.nion
Emphash of m•tt•r
In fomiing our oplnion on the financkql 8tat•ment8 ¥4WJ considgred the ad#qua￿ olthe dlsclosures made In note
1 warding Going Conc￿1 In view olfhis u￿rtaInty we con•id•r that rt thould h dfawn to yo(tr attent￿￿ bul our
opinion is not qualified In ffjspect of this
Conclu8lon• relatjng to golng con¢•m
We have nothing to rewrt in respect of the fdlo¥Ang rnattors in rd¥tw)n to vthich lh• ISA8 IUKI r•quir8 UB to rwrt
io you where.
Ihe trustees. use of th6 going concem basis of accI￿nting in wepar•b"on of tho finawal 8taternent8 18 not
appropriat&. or
the Iruslees have not dis¢losed In the financial statemonl$ any Identified material un¢ertainb"es that may cast
significant doubl aboui the charity's ability to CLN)tinu¢ to •dopt th• going Contem basi8 Of •c¢ounting for a
peritra of at lea$1 twelve monihs Ihe date Wh￿ th• financial statemènts are authon"$g0 for i85U•.
othgr Informatjon
The trustees are respon￿ble Icf the oth&r inlormabon. The othei inforMat￿n compri8es the infomi8tson includgd in
th4 annual report. Olher than financial statements •nd our auditols reiM)rt thereon. Our opinion on the financial
statements dog$ not cover the ¢Xher infomation and we do not express any fom of assurance condusion thereon.
In conrttts'on our wlil of the finanual statements. OUT respM•ibÈlty is to read the othw infomation 8nd. in
dotng so. ￿nSider whether the thr inf￿rn￿on is materialty incowstent wth ttle fin8n¢￿1 slatemont5 or our
knovAedge obtained In the audit or Ot￿￿"$* appears to ￿ materialty misstated If we identify such material
incc*)sistencies or apparent material misstatements v* are requiryl lo detamiine wheth8r tha￿ t5 a material
misstatement in the financial Statements or a maten¥l mLsststement of ￿ other Irrfom)*on. If. based on thè wo
we have perfonned. ￿ conclude that there is A matend misslatern￿t of this other Information, ￿ ara required to
fa
W• have ncthing to rep￿t in this reganl.

WELLOW HOUSE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WELLOW HOUSE SCHOOL LIMITED
Mattora on whkh w¢ Ire rnqulred to report ty exc•ptlon
We have nothing to In respect ofthe fdlw.ry matters in rnlalion towt¥th thè CharTtses IN£¢ounts arKI Reports)
Regulations 2008 requir• us to report to you rf, in our opinion..
th• infonn8lion given in th¢ finanaal ¥tatgments is irKon8islent in any materral wpectwth the trustee$. ￿[th,.
or
the ffinancial statemgnts are not In agr￿ment the accwnting records.. or
we have not received all Ihe Infomatson and explanatsons wa require for ow audit.
Responslbllltl•* ol t￿st0+S
As explained more fvlly In th• $latem•nl of InJ$lees' respon8ibil￿.0$, the trustees, are also the dire¢tor8 of the
charity for the puiwse ol company law, are rèsponsible for th• preparation of the fin•ncial statements And lor being
Salsfied that Ih•y give a true and fair view. and lor such Intemal control •s the trL181ees delemiine 18 necessary to
•nable the prepa￿or1 offinancial $latem•nts that are fre8 frtyn matenal misstatemont, therdue to fraud or error.
In pr•p8ring the firrandal statements, Ihe trust￿ wè r•8[￿nSIbl8 for •11•81ing th• dMrity'8 ability to continue a8 8
going ¢oncem, di%lo$in9, as applicable. matter8 related to going concem •nd using the g￿n9 ¢oncem basis of
accounb'ng unlevd ￿ trustees either intend to liqui¢Jate the ch8n"tabl& company or to cw• cwab'ijni, or have no
reali8t'¢ 4ltemative but to do •0.
Audltorf• mpon8lbllltlM for th• •udlt of th• fin*n¢lal itat•monts
We have been 8ppJinled as auditors under 8eCtion 144 of the Chwitw 2011 and r•port in 4¢cordan¢e vlth th•
A¢1 and rdevanl rogulalion$ m8de or having eff￿1 Ihereundw.
Our obJective# are to obtsin reasonable assurance ab)ut wh8th•r Ihe financial statam&nts a8 a %thol• are fw from
maledal mi8Jtatem*nl, whether due to fraud of error. an(1 lo issue an aLthaitof$ reFort th41 in¢ludo8 our ownicn.
The ext8nl lo which our prtscodurets arn wable ol detecting irr•gL￿an￿e8. irKlvding fr8L*J Is a￿alled as t￿1￿¥$
'Obtaln an understanding ol Ihe legal and regulatory framework and companies poli¢ios and k¥ocedures on frau(i
aryl risk., DIscu55ing among the directors whefo fraud may and potenbal Indic•tors ol fr•ud.
A fvrther deS¢￿pIl0n of our responsib'lilres lor tho auth't of the financl81 staternents 18 located on the Fingncial
RewtiThJ Council's website al. htlp.IfvAW frc.L¥g.uklauditmrespowtslities. Th18 descripb'on fc*ms part ol our
auditofs r•port.

WELLOW HOUSE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WELLOW HOUSE SCHOOL LIMrrED
U$• ol our rèport
This r•port is made solely lo the charity's trustees, as a body. In accordance part 4 of the Charities IAc¢ounts
and Reports) Regulats'on8 2008 Our audit th has bean undertaken so that we might state to the charfty's trustee8
those matters we are required to slate lo them in an auditors. ￿port and for no other purpose. To the fullest èxtent
perrnitte(I by law, we do not a￿pt orassume ￿p)nSibIlity to anyone otherthan the ch4nty •rwJ th•¢harity'8 tw6ts•1
as a l>Jdy, for cur audit Wofk. for this repart. OT lor the opinions we have formod.
St•v•n Rlchard Bant1￿ IS•nlor Statutory Audllor)
B•ntl•ys Accounting Umlt8d
28th May 2023
Certlllod A¢countsnts
Suite 6. 1411143 South Road
Haywards Heath
West Sussex
RH164LY
8gnUey8 A£counJn9 Llmitgd 18 eligibl• for apwntm•tt ￿ audrtor of tho chanty by Mrtue of tt8 eligibility for
app￿.nIM•nI as gLKlltor ol a company underof 8tt1ion 1212 01 h Ccrtnpanies kt 2t))8

WELLOW HOUSE SCHOOL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
2022
2021
Donat'on$
Olhef income
S¢hod fe•s
1,564,907 1.113,939
Total Incom•
1,564.907 1,113.939
Dirocl charitable expenditure
Fundraising and publi¢ity
1.462,1CIS 1,179.279
Totsl charftabh •¥p•ndlturn
1.482.108 1,179,279
Net In¢orn• for the y•arf
Not mov•m•nt In funds
102,801
185,340)
Fund balan￿$ 811 Sgpt•mL*r 2021
(775,0941 (109,7541
Fund b•l•nc•• It 31 August 2022
{672,2931 (T75,0941
Tho •tatsmént of fin4nci•l xb"¥￿'*I irdL#des •ll gain8 and lo¥¥e8 rec¢ynlsed in tm ye¥.
The 8talern•nl ol financi814th'viti•s also ¢omplie¥ wth t￿ requirements for an intsjme and •xp8ndrtura account
Under1￿ Compani•• Act 20C6

WELLOW HOUSE SCHOOL LIMITED
BALANCE SHEET
AS A T31 AUGUST2022
2022
2021
Not•¥
Flx•d
Tangible assets
Current ￿*￿t>
Debtors
Cash at bank and In hand
509.103
429,077
658.248
14,832
3,972
658.248
Cr9dltorn: amounts fvlllng due wlthln
ono year
18,804
10
{693,427)
{1,222.9751
Net rJJrrant li•biliti•8
135,1791
11,204,171)
Totsl •8••ts1•99 curr•nt Ilabllltl
473,924
775,094
Cr•dltorn.' arnount8 hlllng due aft•r
mor• thin on• y••r
11
(1.146,21 n
N•1 •¥••tsllll•bllltJul
1872.293)
(775,0941
Incom• funds
Restricted fijnds
VnmtrfC￿d fund¥
25.000
{897,2931
25,000
1800,0941
{872.293}
(775.094)
Th• ¢cmpany 1$ entitled to the txemption frryn tho au(knl reqUireM￿t ¢tyrtained In Sealon 477 of the CcmpaTha8 Act
20C6. for the year endod 31 August 2020. ¥rthrwJgh an audit has been ￿rried out urKlef secb'on 144 of the Charflies
Act 2011 No memb8f ol the company has dewJsi¢ed a nob"ce, purnuant to M¢tyon 476. r•qwnng an audit of these
finandal 8talements under the r8quifftments of the Cc4npanies Act 2006
Tha trustees acknowledge their re8wnslbd1ti￿ for ensurir¥J Ih)t the charfty keepB accounts'ng records thich eompty
th seth'on 386 ofthe Act and for prepann9 financial statements which give a tru¢ and fair view ofthtr state ofaffairs
olthe company as atthe end ofthe finanual yearand of its incoming ￿sCAjrCes and apF4icabon ofresources, irduding
its incorng and expenditu￿. for the fin8nual ye8r In accordanGe wth th6 ffjquirements of sethions 394 and 395 and
which otharwse comply with rnquiremants ot the Compwi•8 kt rdaling to finarKial itatem•nts. $0 far as
•pplicable to the company.
These financial statsments have been w¢pared in a¢¢tydance *ith the provi￿1$ applicatrle to Compan￿ sub
to Ihe small companies regime.
Th& Accwnts *ve apwoved by Ihe Trustees on W klgy 2023
P Buss
TNst••
Company Reg151rallon 011N10027

WELLOW HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
Accountlng polkl
Cha￿ty Infom)atlon
Wellow House School Limrted Is a private company Irmited by guarantee incofjmjrated in Englar¥J gnd Wales.
The rngi$tered offio ts ￿lI(￿Al Hous8, Nwark, Nottingham, NG22 OEA.
1.1 A¢¢ountlng Gonvontlon
The accounts have been prepared in accoftlarKe V•th the charii*s AJ*des olA88ociatM. thè Companies Act
2006 and.A¢C￿lnting and Reportj'ng by Chartt60s Statement of Recommended Pra¢tice applicable to charitiès
P￿paring th8ir¥ccounts in accordanc8¥￿th Ihe Finan¢i8t Reporting Standard applicable in the LIK and Republi¢
of Ireland IFRS 102)'188 amended for a¢¢ounting penods commoncing from 1 January 20161. The ¢harity is
Public Benefit Entity 88 d8fined by FRS 102.
The tharfty has tsken advantage of I￿ prow•ion$ in the SORP for •pplying FRS 102 u￿Jat¢ BL41•lin
1 not lo prepare a Statement of Cash
Th• ffinawal 81alemerth 8f8 k)repared in sterfing. whith is the fijndOr￿ Cuff￿cy of the charfty. Monetsry
8mount8 in Ihgw financial stètemenls are rounded lo Ihe nearest £.
Tho flnencial 8¢ol•menls h•ve been prepored urthr the hist￿1¢81 c￿1 eonvenlion. modlfl8d lo Indude the
re¥Jluatson of hehold kyopertses and lo Include It)ve5tment pro￿￿.8$ and certain financial instruments al falr
v4lu•. Th• pnncipal x¢ounbNJ WKae8 adopt•d arg sat bel¢Mf.
1.2 Golng conc•rn
Alpha S¢hools and it's Directtys have Ind¢atod their Intont to support the s¢hool finanrAally for al lea8112
months followThJ the approval of the financi￿ 81atements. ￿pha School8 h•v• a Pu•tory ol utilising th•ir
expertisg wthin the market. retuming a financialty struggling school to a surp1￿.
1.3 Ch#rltsbl• funds
Unreslncted funds arn ￿ailable for us• at the discrellon of tN$lg9s In furtherorK8 ol thetr charflable
objectiv8$ unles6 the funds been dewgnated for olher purposes.
Unwtricled fvnds we fvTrJs which a￿ avgil¥bl& for use at th• discreiion ol the trusiees in fvrthera￿• of thé
genèml objeclive8 ofthe chanty and vthich have not de5tqnated for other purwses.
Reslricled funds are fvnds which are lo b8 used in accord•r￿ vthh specific restr¢tw* imposed by donors or
ich have bÈen raised tyythe charityforportkular puryw. The costs ofraising arwj administering such funds
are charge(J against the SF*crfi¢ fund.
En(>J•nnentfurKIs a￿tsUbjecttO 8pecffi¢ cornthlions bydorKxsthatthecapta must be mainkined tythe chanty.
1.4 Incoming rosourcg8
Inmme is tecognised vthen the charity is legally entitied to rt after any performance ¢y)ndthons have been met.
the amounts can te measured ￿lIally. and it 1$ prc4)able that income wll be r￿e￿.

WELLOW HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Ca¥h donations are recognised on ￿01pt Other donth"LM¥ ore reeegnisod Mce the charity hoa been notified
ol the donation, unless performance condits"on$ require defeffal of the amounl. Income tax re￿verable in
rdation Ic donab.ons recaved under Gift or deeds of covgn8nt Is r•coiini8•J at ts ts.me of the thation.
L•gacies are recognise(l on re￿Ipt or otherwse if th• ¢hwity ha$ been nthfied ol an imF4ndiThJ distribution.
the amount is known, and ieceipt 15 expected. If the amoJnl is not known. thelogacy 18 treated as • contingent
asset.
Tumover IB moa8ured at the fair valu• of ¢onsidwati¢)n rgc•Ned or ￿Nabl* and r8pTesont8 amount•
receivable for g¢od8 and servictt prNded in Ihe nomal courv of busine88, net of discounts, VAT ¥n¢J olhor
sales ￿lated taxes.
1.6 Tanglbl? flxgd assets
Tangible fixed asset$ are inrtl￿ty m•••ured at cwl and 8t*uentty measured at cost or vatuoocn, not ol
deVee￿￿cfj and any imp*rnienl lo•i•s.
D•pfeciab'on is r¢¢cgnisod ￿ a• to write off the ￿8t orvaluab"¢)n ofas8ets le$8 thèir rgsidual v4luei ov•rlh•Sr
U8•fiJl live8 on thè folIty￿n9 ba8M.'
Land ar#J bulldings
Fixtuw. fitb'r¥J$ & equlpmont
Motor vehi¢les
2 - itr•'ghl lin
10- 33% straight li
20% 8traW ￿"no
The gain or1088 a￿81ng on the diswjsal of an 8s68t is determined a5 tho drfferenco beknn •al• wo¢oed8
and the carrying value of the asset. and is recc¥niwl sn net Incom&{expendllurnl for the ￿•r.
1.6 Impalrni•nt of Ilxfrd aM•ts
Al each reports'ng end dale, the chanty revim Ihe cal￿rIa amounts ofits tan￿ble assets to delermln• whèther
there is any indication that those assets have Suffered an impairment loss. If any such Indi￿ts0n exi81s, th•
r•cover8ble amount of th• asset ￿ e$tsmalad In order to <*t8mwne lh8 extent olth• impaim¢nt lom (Ifanyl
Intangible assets indefinits usefvl lives and Intsngible assets not yel available for use are tested for
impalmenl annually. and wherEver there is an indicalron that the 853et may be impwred.
1.7 C••h 4nd cash •qulvalents
Cash and ¢ash equivalents indude cash in hand. dep)sits held at call wth b8nk8, oth•r 8t¥)rt-term liquid
Invesiments wth onginal rnaturities of thw rn￿th5 ty less. ¥*J overdraft8 Bank overdraft$ are shwi
within bOrrO￿n9$ in Cuf￿nt Ivabilibes.
1.8 Flnanclal Instruments
The chanty has elected lo appty the pro￿510n8 of Secbon 11 'B0￿C F#￿￿al Irt6tnmients' and Section 12
'Othef Finar￿18￿ Instruments Issues. of FRS 102 to all ol rts financ￿ instNments.
Financial instrum¢nts are recogni$ed In the chaW$ bar￿ sl*8t %*then the charity becom•s paty lo the
contraciual provisions of the instrument
Finano¥l assèts and Irabililies are offset. wtlh the net •M¢X￿ts ￿￿nted in Ihe finanual statements. vthen
there is a legally enforcoable right to sèt off the rw)ised amounts and there 1$ an intenb.on to settle on a net
basis or to reglise th• asset sew* the liats.bty Smultan￿￿Sly.

WELLOW HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Basle flnan¢l•l assets
Basic fingncial assets. vh)ith include deblow3 and cash aThJ bank balances, are Initjally m•a$ured ai
transaction price in¢luding transath.on costs and am SLtbsewenUy carried at arnortlsed cost using the
effe¢trve irterest method unless Ihe arrangement con$blutes a financing Iransacb'on, Whe￿ the
transaction Is measured atthe present value ofthe luture recapts tJ15counled ata mark•t rate ofinlere81.
FinwKial a68et$ da88ifi•d as re¢eivable ￿thin one year are not amortisgd.
B•slc fin•n¢l•l Il•blllll•s
Bastc financial liabilrties, ir*luding credrtor5 and bank loans are initially recognised al transaC￿on ￿7C8
unles$ the arrarrfJernent conslrtutgs a financing transathon. ￿•10 the d8bt in¥lrum•nl Is rnea$U￿d at
the presenl value of the ftrture payments discounted at a market rate of interest Financial liabilibes
¢la85ified a8 payable vthhin one year are not amOr￿"sed.
D•bt In8lrum•nl8 are 8ubseoLthIUv CWTied at amotts"8tsd cost. USI￿ the effecb.ve Interest ral8 molhcé.
D•rn¢oynidon of Iln•ncl•l Il•lJlll
Fbnancial ligbilities ar• derecogn15ed wh•n the charitys cOrtractU￿ obliggb"on8 explre or ar• di•charg•d
or ¢•nco11ad.
1.9 Émploy•0 ben•fll*
Th• c08t of any unuBed holiday onts"Uemenl is r•th3rllsad in thè pwi¢xl In wh'ch Ihe employ8•'8 8aNI
8fv received.
Teminats'on be￿fitS a￿ recognised immediately as w wense when the ch•rity is demonstrably
committa(I lo terninato the emplovment of an emoloye• ty lo prowde termjnab'on btsnefits.
1.10 R•tlr•rn•nt b•nefft•
Tho ¢h¥nty 0￿rateS a defined contnbulions penwon schm• ty) behalf of •mF4oyo88 not quali￿n9 for
th• T¢achers' P•nsion S¢h¢me. Conln"bution8 art charged In the accounts 88 they b•¢om• payable In
accordance wth the nJl•s ol the sch•me
Oth•v In¢om•
Total
2022
Total
2021
Furfough Income
12-

2WELLOW HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
School fe
1022
2021
F•e8
PuF41 support
Other incc¥ne
1,384,114
100.973
79.820
1,035.226
39,895
38.818
I,$64,￿7
1.113.939
Charll•bl• •ctlvltl
Olr•ctFundrnl8lng
chafltsbl•
and
•xpfrndltur•
publl¢lty
Tot*1
2022
Tot•1
2021
Staff co¥ts
D•preCIati￿ and imp•lThn•nl
Food and proviwon8
Maintenance
In8urnn
Ub'lth'ej
Hgad Offlce costs
Audit
Ttsaching and resources
Motor arKI trav
Olher interest
IT Costs
Bad debts
Sub8cnption*
Professional fees
Other chantable expendrture
1.rth.687
8.113
33.184
21.879
32.614
81,695
93.485
1.086.867
8.113
33,164
21,879
32,614
81.695
93,485
2,000
89,788
635
5,914
10.607
19
338
4,605
30,583
904.048
8.110
23,638
54,191
28,017
45,$58
2.000
49.328
478
4.337
18.005
69,788
835
5.914
10,607
19
338
3.072
8.556
29.943
30.583
1.462.106
1,462,1(
1,179,279
1,462.1Ch3
1.462.fr
1.179.279
Trust
13-

WELLOW HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
EmpJoy•o*
Nwmb•r of •mployoeB
Tho average monthty numtjer wnployws during the yearyds..
2022
NuM￿r
2021
Number
Teachlng staff
Support staff
Trustees
25
16
17
10
30
Employm•nt co•t*
2022
2021
ages and 8alane8
Social Secunty cosls
Other pènBion costs
972.537
76,449
17,681
815,259
63.000
25,787
1,C66.667
904,048
The number of •mployeos •nnual remUnW*'￿ w48 £80.000 or more
warg..
2022
Mumb•r
2021
Number
£80,CK)1 . £70.0
R•dundancy and •x*ratba paYn￿nIS
There We￿ rto rtdundkncy costs in this ye•r or thc Pri￿ year.
14

WELLOW HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Tanglble Flx•d Ass•ts
Land &
8ulld5ng$
Flxlures,
Motor
Fittlngs & Vehlcl
Equlpm•nt
Total
Cost
Al I Seplembef 2021
Additions
1.824.132
85,715
329.775
2,424
29.175 2,183.082
88,139
Al 31 August 2022
1.909.847
332.199
29.175 2.271,221
D•pr•cl•tlon and Impalrnwnt
At 1 September 2021
Depreciabon charged in ¢h• ye4r
1.418,005
2,338
306.825
29,175
1,754.005
8.113
5,775
At 31 Augug12022
1.420,343
312.$00
29.175
1,782,118
Carrylng Amount
At 31 Aug￿1 2022
489.$04
19.599
509.103
At 31 August 2021
406,127
22.950
429,077
D•btorn
Amounts falllno due wlthln on• vear.
Trade debtors
PreDavments 8nd accrue¢l income
2022
2021
633.736
24 512
8.010
8.822
658.248
14.832
10 Credttors: amounts falllna due ¥Athith one
2022
2021
Bank overdrafts
Other taxation and 8wal secuntv
Oefarr¢d inc(*ne
TTrde credito
Other creditotS
cru818
36.320
31.TT9
69.489
10.563
51.9
1.1188.740
2.178
79.576
545.752
693.427
1.222.975
-15

WELLOW HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2022
11 Credltors: aMO￿nts falllng du• aftw mor• than an• y•av
2022
2021
Othw Cr•ditor8
1,146.217
12 O•l•tred Incom•
2022
2021
Arf8lng from pr•pwd school fvs
10,583
13 R•latèd party tr•n•actlon•
The school hos been Supwxtcd through a Relat¢d Paty. The three Govemorsrun separate Corpor￿¢$rOUp50f PriVll¢
school groups and these companies have b¢¢n financing Wellow IIou5c School
31.08.2022 These loans ar¢ now deern￿ du¢ over one yur85 follows
Alpha Schools (Holdings) l.imited £ 1,042.035 (2021 £ 816,253). SharraIds￿ S¢hotsl Ltd £ 54.182 (2021
£54.182). Sa¢kville School £ S0.1)fA) (2021 £ 50.000}
Totslling £ 1,146,217 {2021 £ 920.435 included within l yw other crediiors)
Durin8 the poric41 Alpho Schtt*15 (Iloldin8s) Limiicd char8¢d a Hwl Otrice C05t of £ 93.485 (2021 £Nil)
Th¢ Governors have an in￿re$l in the ￿¥¢ Corn￿1¢$ and Alpha khools (Holdin89) Lid has a charge over the
property held within this charity
-16