Chaoty r•gistr8tlon nUm￿r 529111
comp￿￿ reglstratkn rNMnber00926012 {EThU￿nd and Walesl
THE FROEBELIAN SCHOOL {HORSFORTH) LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
School
Mr S Bi(*ertorb
(Charl
(Vre Chairl
(Re￿[￿ 31 A￿￿&t 20231
￿rNN￿U
Mr K Beaty
Mr S Dalirwatsr
klrs C Da¥MIs<
Mr5HFo
Mrs R James
K4r5 C Jcthnx
klr M J¢M
Mr R Tayor
MrA Tha￿1
M5SBie
(Re￿[￿ S Nlay 20231
IApwnled 16 January 20231
[AP￿nIe￿ 9 October 20231
(A￿￿￿ted 9 October20231
(Akwnbj 16 January 20231
k4rs J ￿WI￿1
Haad
klts C D￿tsts
MSA COLI%
{Re>9￿d 30 April 20231
IAKyynled 1 sèp1È￿bef 20231
puty H••d
IReggTr2d 31 Auw5120231
(Apwmnled 01 September20231
M5 J GIlp5
Ms L S(xJlaw
IAkVMnled 1 S8plefftber 20231
Bursar
k4[5 T ACA
kls J Brophy
(Resig[￿ 3 Fthary 20231
IAFvNnted 21 August 20231
charity number
Company number
(N]926012
Rgglstorgd officg
H(Y5forth
LS18 4LB
Audllor
118 North Street
Wesi Y(rfksh
LS2 TrN
Bankers
ryin MO￿ UK
Leeds Cty Br
-96 Br¥￿te
LS16NP

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
CONTENTS
Pa98
Inde￿dent ￿1(0￿5 tewt
ststemenlaffffi8rKial artMiEs
10
Sthment¢fc8sh
12
Note5 tothe tinanrAalstaternents
13_27

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
Th8 ScFK)d Ciyjncil wesenllhE arxj fi￿anL￿1 slateN￿lS f￿the Ye￿erth1 31 AW2023.
firhonuel slolem¢nts hovc b¢en prcwred in 8wounbry xt wt M notc 1 lo the finjnci
StslemenLs and comkly with Ihe Sthwfs Mtynorathm *N1 Artides ol Asso¢thn. Ihe Companies Act 2W6 ar
.￿c￿Unbry Rep(Kbng by CharitE5 Staterr￿1 of RecommerKled PraEl￿e lo i*arrt*s wepanng their
8¢(x)unts in ac¢ord*cé wth thè Financ￿ Rq)m &aKlard ap￿￿ble in the UK R•pth1￿ (* Iidand IFRS 1021" las
8m8nd8d feraccthntirg perKO¥ ¢omnwttKJ fr£￿ 1 J*uary 20161.
Aim8 and C**"ocli¥es
Froetyd￿n Schocl 8NJ First $18ps Nur￿ 8ims to pmNle and ¢are of hvy)ast wssitle 8t¥nd8rd 10
boys and girfs fr￿n 3 lo Ihe age of 11.
To wovKtea ¢8ring. surpMwe Str￿Xu￿d le8mrw etiwwrmnert..
To ddiverquality etluca1￿ d8webps chi￿..8n￿Alry lkn lo ltr*ir pot8nbal".
To offer a WKle rdrwje of oFwrtuThDesft>r ￿3ffli￿ ind￿￿n9 a di¥er5e ravJe of eXtra￿rrIcUlaractiWtie5".
To fosterg¢￿ ￿lati￿$￿¥￿S thrrwfMyJI Fr￿b￿￿n fam1¥ beY￿￿J.,
To ens￿@ a yn(x)th trattsilion fortFm￿￿ t¢F*attts Ihe next ofthwr kniiThJy)unw.
In ￿dition, ￿ sth0￿ abo fosters links ￿ the W comnwjnfy rases fvnds for kxal. natkxal 8nd intemational
charibes.
Th8 CounL¥I's [ts￿ ts fn5uring ddNery of kn o¥eL*ive5 and *so ￿ Tnainlaiy puwi numb8T¥, to invesi i
facilibes. 10 Identsfy poswye opwwni*s 10 exieThY •id ro (ontiiue ￿ W0v￿e fiA3nryal pupils li
eed oflee assistsncewhenever trf)wble ariJ £rthpab'b* th Ihe re$rK￿l￿1ry lo run the sctwl prudenlly.
In SÈtting its obW"ves and pknnirwj its actP￿￿e$. has G¥efiA to the Charity Commission's
cenerel guidance en pu￿￿ beneft in p&ll￿A￿r t¢ publ￿ beneffi 9JklarKe on ed¥arKirvJ edL￿￿On
8nd th) lee th8rgiry.
Ethos. 5trtegy atwj wlicie5
(Xjr schtx)I motto.'&wng a ftyry'ry start lo ￿eats2￿$ ofknrorrDW. ernphas¢ses (xjr dedutK)n ID txo.￿dIng the knovledge,
sknlls. expetierLes ar￿ (pwrtunthes Ihat wepat& CIN￿￿4￿ f￿ the fJlurp s[T￿ dass siz85 an 8xcelbnl staff to puwl
rabo allow The FrDthlan SthoDI to treat eath chld as an Ind￿U￿1. Thp partnet5typ ￿ryth ￿ents i%d05e and SUPPDrbve
8nd every child'$ pro9ress Is c*refthly monrtrxed pa¢nts WLdaAy.
In addthon lo prowd1ry an outstan(Sng xa¢Jeric edv(*on ￿ Ihe cruud • year5. Tr£ Fropbeltan School en￿rdge5
the devtk>went of eyessiwp talents atKI a k)ve for a¥KeotiKJn of mJ>t and the arts wlh plenty of
opw)rtuni1￿5 for put￿￿ performance. I he ¥￿)￿[¥Y eXtra￿￿Eu*r wogarwne has re￿fjY und8ryone sgnrficant
dèvelopment and prrMd* excÉpi￿ThaI fat¥libeS. S￿la1￿1 ¢08(J￿5 and the opportunty io partiipate in rewlar
eompabtiv8fixiures.
Thp Froebelian SchoDI seeks lo benefil the th[D￿h the put5uit ￿ its stsled aims. Sth(A fees arp sei at a level ID
ensurè finantial v&4bility ¢flhE whlst iemakntvj C(If*AStent Vlith (￿r awn cf edutabtJn and care Ot the
highest pu55itAe st3nd￿d al 3ffurtaWe fee ￿¥￿5.

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Th8 Fr0ebdI￿ Schoul ptDVKI85 s￿￿￿1can1 p￿b￿ in a W￿￿of￿ays. i￿￿L￿1￿9..
Faolitstiry 9awry gXF*vJitwo.'
• Pro¥iding significant benefil lo the btal economy as an employer ￿ as a Cr￿uMer of gcx)ds anJ semces
(Wh￿ever w￿ble. the Sch￿1 uses swWEr5 to beneftthe ￿OrK)mY1. arml
Engtying in fthdraising adMl*S Sa￿thd ¢kn¢ies.
r welc￿e$ puriLs frorn 811 backgrounds. An indwiduafs erJ)rKirrit ststus. ethniuly. we. relwion or
l￿bilIty do rKJt form part ol w assessrywl ￿0¢$d￿re$ We ar8 *) ewal ¢wwtuThly ￿gao￿ati(m) a￿ o)nmitW lo
a worknng environmenlthat B free from any ftwm {* d￿￿￿a1)M on the wrKls of cothr. raGe. ethni¢xty. relgK>n. sex.
saxual onentation c* disablity. We wll m*e ieasonaL4È 4usth*nts 10 MÈÈI the neals of Stsff or pupls who are or
be(ttDe disaWgJ.
The Schwl Cwnal (wh()￿ rnArnhers ark trKJlh Im%lees dffertrJr81 meeL8 reguw is reWmsib￿ for setting
tstrate9￿ W)rites ond obFdives arKI ovÈrsetin9 delNtiy of ltrw. lfi additsty). ￿r￿lI rÈviews cperational performance
and has coDsliluled a number of suEKornmthes le 9. Fina￿. MarketKvJ. He8llh & Safety. Bursary & Hai¢ship.
Edurationl and working grw)s las required) to wubide supwxL guKlatKe atKI over5iyhl in r￿1￿ key aspects of
oper8ik)ns.
r Schwl B Commit￿ 10 $3tegjardy￿ F￿rA￿ling Ihe wetsre of our pup1$ ezpects 811 slaff and voluniaers lo
share this comrnit￿tnl. In the letest InderEndeni In5peclorale reLx)rt. ￿e pastryal ¢8re al the schcol was
dèscribed È$ Exc81￿n1' the highest pD￿e grade. The SttKoI wlady re¥￿wS its Oicies on child proteciK)n.
salewardiru arKJ healh ar￿ safety. Ml staff rpgu￿[lY utKJprtake safewardirwJ rhi d IT3￿1￿9.
Acce55 Pol¢y
We are rwfidentlhal ourfees are reas£￿ rvprwt eX(g￿nt vats frx rrKney. It15 a k)ro s￿￿1￿ polry kn81 fee
ve& are sel lo ensLYe that they are affOrda￿e 10 85 a cross of the Ewukitiun as PDssi4e Fk)we¥er. il
ts IftM)Crtani to US Ihat t¢£ess to Il* ed￿1th we offeris rwjt restri#ed 10 vtho w 8fft¥d our fees.
8ursarfes & Hardshlp AS￿StanCe
Countyl pLo¢es 9wI imwrtarre¢fi trt 6L¥S9ry P￿rty. We esWEhed a Burs8ry FU￿ in ts year 2WOar¥J
generally hevg it 8very y8ai. The Sth(xY C(mj￿1 has agrewl ￿al a rmjenl prowybw olf* Incom8 also
be used lo txjrsanes ￿ h3rdship Gqses. The embraxs the p￿￿p12 that tee irKx)me ￿1. whenever possitAe.
contr*)ule supp(Yt lo bwsgries aThl hardthip.
£kJr bursary awards arn aVal￿E to al *h) me* our enty reoutynenis aThJ are made so*ly on the b8&$ of
parenlJ means or lo relieve hardship where a pupi's and futtxe ryospects 01herw￿ be at risk, for
example In the case d rEQundancy. Bursari2s are &￿uallY. and ha"(J5hip assis￿￿ 15 re¥￿¥ved lermly. Th8
vel ot support wil vary a(xthiry to tarrdty InrAxne. ￿ Ihose l(yM rnay qualty ts up to 10D% rernissK)n ot
the normal fees.
In Ihis a¢&leM￿ yearJ)22123. weawwded knY¥rEsofupto 1txJ% to 12 pwts. The tcth aw¥ded ¥nounted lo £45.27Q.
Details of our BLYsary P(Airy and h¢M to are ￿bSite
We have provKJed hartship suppurt lo 2 ￿N￿[er wIK>Sef￿TrI￿eS ￿[fe[edffina￿ial d￿len￿5. We wuvided hardthip
supwrt to tho Va￿9 of£1.852 durry Iha 2022rk3 ac4d8rri¢ year.

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Review of Activits•5 and Aclwovemort5
School¥ princFal *Mty to Ihg of a ry>9dVrnti￿ day and nursgry for up lo
11 ye￿s. In addition. the Sch￿1 has prowd￿j care ￿1h before atbj after 5CtNX￿ and holiday dubs throU￿oUt the sch
First Slep5 Nursery Unde￿￿ent its Obte(l inspectiw in JurE 2022 and retained Ike'outstandng. rabng that was
first 3waided in 2016 slKkrtly after the Nursery (yened. The twwseryis open 51 weeksof ￿r.
A detailed Of Ihe S￿0￿.5 w0vid￿j eath year ty Iht H8ad ai Sppeth Day and many of are
ieported In Ihe F￿ebe￿an D¥esi. *rwtyaThJ al c¥rreni p￿ts. wo8pe¢Dve p¥ern$, many fonrer
pupls and olhwinleresled part￿$.
The Sehnol was inycled by IndwMdEAII lTh%pectorAtr* in January 2022 la Rpgulatrjry Complianc
InswlkY)l. The mel all regA•Ory rwuireW￿$. In the mc61 re￿1 &lucation <knlily Inspection Isummer Term
20171 by Ihe In¢epen(knl Sch)(As Instwlorale. ￿ SCMKA was raw as'Ex¢ellenf, Ihe hyhesl ty)sgble grade. across
both inspedion outc￿ne5 ac1Me¥er￿rt and w￿lS. devekynenll. The full reports ran be
viewed the Sthod's w*bsite.
All 18av8rs wwe 10 progr8SS to lh8 s(trrt)l of th•r ¢bote. many of them rec•¥AThJ offers of Elaces and
s&%il8rships
During 2022123 the scr￿￿ SUI￿SSfi11ty reGwited a ￿ ￿adEl5h1p team 8NJ slaffiTpJ 5tnJdwe. This <%)mpri*$ of a nevLf
Headle¥¢trtr. a Deputy He8d With respwPJhty aca1ernts. a Depjty Heay wth resp)nsiblity for ￿$tor¥ ¢are 8nd ¥
Bursar. This change In leadBtsFThp struciur8 ensur￿ thai Ihe s¢hLKd was well ￿¥te￿ to trBFI ils 8mbitiCUS s¢hoDI
Ynprovernenlobiectves.
SchLW)I C¢uncil would Ike to take this OFWlunity to th*k all our *Aff ai the sc*thl and nursery ftr th8ir hatd work,
edicalkm znd Support in the stra￿9￿ growth of the sch&)l. C￿￿￿1 %¥wkl aLg) like to thank all tor1h￿r Pat￿n￿.
undeBtandhg and mrwgn tr* perts1
The Schod is aGtNely SUp￿￿ted by FPTA. a separ*e reg￿tr2d C￿lty. the SchoDI CounrAI would like tD thank
FPTA for tsir Cent￿u•d aNJ vathblt suppcrt. Fffter infaimalwM atwyjl FPTA cAn bè aceessad vk? the Schod We￿18
Ww.froebd￿n.¢orn. The S¢W ab¢ recei%es awslarte frTyn a number of )ltrw Pa￿nts aThJ sur4Y)rters Y4ilh activities
such a* readiry, woiect¥ trys. 4Ye 9r*cfvl Ihis hdp.
Finan¢lal rovltw
Pupil fees
Tre termly fees bef￿e￿ ￿e￿¢t￿ 0f￿Y bwsarEsaThY h8rdshipass￿tsrtr *Ere'.
Lower Kinderg¥ten'. £1,950
All Dlher fotrns. £2.g)O
First SIEps Nursery ai Fr¢ebe&8￿ ojrrenlly a Sub4*14￿ w*Sng tssl reg￿ennY chldreTr thrEJugh b Ociober
2025. Fees dunng the 2022123 find￿￿￿ year¥￿e as f(kn'.
Baby rLY)m." £65 per day
TIMId￿r Pr£ SCI￿ ro￿￿5". £63 per day
Financial results lor the year
scho￿ Cwncil rep(yts an ov•r811 defKai Df£19).951 aler Bwrywd Hardship wants tth811ing£47.162.
TTrw. FMP.h￿Ian Sr.hMI re.tDairLS Stra￿ due tn ￿L*￿t￿liAlbakn￿ rege￿. H year-￿.￿ h￿3￿C*.
of£331.497151ated after payrr£ntof the fmal Ofrelurb￿l rx)Stsl.
Reserves
Coun&1 regulady rèwews the ofrÈservÈs to the tÈtrn fuknre ofthÈ sth0￿ ts soc￿e. The School
beI￿Ve5 Il ￿ pnKl￿t lo rnaintain a of rewves As al 31 AwJLtst 2023i>ur iolal reserves st(x>d at £2.4rn. ofwtrmch
£2.3m We￿Unre$￿th￿.

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Investment pollcy
Invtssbront oflho aro gobtnK** bytre Mc*)Thyarthm kndcs 0fAssotsa￿0n tr1h￿h pcfmit moTh￿S
to be Invesled as ¢m$￿ered app￿jp[1a1e atQ after tskry the ￿￿(￿ary p[ofe*ion￿ Invest￿￿1 I[Kx)￿ 1$ rai*d
pnmarly ￿Ing dewsnwith Wks aThy1￿1￿5rvj sr¢e*s.
mernor￿dlrn and Art￿￿5 orA55￿￿alp￿ prDFMbi15 IhB PaY￿￿￿Of *y dMdetK15 lo the rnnbBTS.
Th8 Sthjd CoutKil has a&%E659J the maiDr risk¥ to lh& 1$ ex[￿ed. army aTe sal6fied Ihat 8yslems ar8 w)
p18¢e lo mityle exrm)￿￿ to m4or risks.
Future Plans
Council Inlends to ¢onDwe lis vjrrern *raw ¢4 rnaki18inry the 8 COM￿"r1¥e market by investiw to
proyide hvJh quaily 8du¢alvJn kyal wpL%.
In addition, cou￿1 ￿￿￿13￿Y reviEWS ts strategy in order to continue tD FroebelK4n at the forefrDnt of excel￿￿1
educakn prov￿lan and care.
Structure. savernance al￿ rnana9ErnEnt
Th8 schc¥Jl was fouThJed in 1913 and i￿ed as a c(¥npany by guaratts8 Irv).CIY3260121 in 1969. Th2
Sd)ool is a r69isiÈred charity I￿.529111).
c￿rnInG dwumont
ctrnpany 1$ yOvèm8d by its M*m(*srthm dat&Y 28 F4trAu8ry 1969.
Gtsveming Lwjdy
School Counal member5 se￿e a5 directors of Ihe c(xrpany and are the tharity lrnstees. Memb2rs ale e￿ted at a
mÈÈiing of Ihp Schod Councl the bays OF r*¥ninakn r**ivÈd c£¥￿m￿Y dyblity. personal tsompÈtÈrte, wcialist
sknlls and Ittal av8118knlity. ecunol FngJres ihai Ihwe ts * ￿(via￿ of dNefyty and ihai a r8lev8ni bl￿d of
speualisi skills Is rewesentsd in the mernbership. Tr rn*mbeTs th serytrj year are listed on Ltry81 a
Adrrini%tr•Y* p￿￿$ oflhis rerKrt
All T￿￿teeS give up their btne and no re￿L¥￿t￿Nn ￿ exper￿3 for Iheir servi￿5 were pwid in fv year. In 2022123
no govarnty N porsts) Con￿l•d %wlh a 9ovemcY r8cew8d ary ￿r￿1ft m?arts t•si8d bJrsanes N hardship
2s$ist*Trce $Wa￿ed ioour pupils.
Trusttrl llovwnor indudion and tsainw
The Head ￿ the CWr of the Sthwl CIMJnul bri2f rnemb2r5 of the co￿1 Ihp worfungs of Ihe Schwl. This
duCt￿n Includes an IntrtKIu¢bon to the a¥Yts of S(hMY. Charty infom￿￿1￿ M TiusteÈ reswnsibilrtitrs
8nd copies uf prffyious Counol Winulps and of I'LkS** atbnL&al rfjrrfjrts atKJ accounlS. Thiough tnEmbetship of ihg
Incorporatecl Asswaiion of Prewatw S¢lKK4$ I￿s). tr* Ass(oalvM of Goveming Bodies of IrKJependent Schools
IAGBISI. the lr￿epe￿enl Schools Burws'Awpalion IISBAI and of trt IWeThknt Sthools Councl IISCI, ¥pprow¥le
traning is ploy￿ed for 311 seThor S￿ff mekn oltt* C￿Cl (go¥￿￿1
(kgan16atlon mana9Thnt
The Sch￿1 Council meèts at ￿8st ortÈ e&h terTn and lhe￿ uirÈÈ bmes yéar to dwÈminÈ the general
poIKy Df Ihe SEtsJd charrtabl8 staiusl arwj to rewew rts t[w￿geT￿8￿1, pBrfCKmar￿e and fer which
they are leg￿lY In adibon. the Sctrth Ho*s an AnnLal General Meelirg IAGMI to re￿1Ve and
ppiove the audited accounts. The day to day man2gemenl ol the sc1K￿ is (lewted to the Head is thief
executivel. assisted by the SenK)r Leadetthip TeaTh th8 &Jr5aT.

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Rlsk managovnent
Schty)I Counol keeps the ScW$ ￿lI￿lieS urthr p8rtiwLqrly wth re98rtl to any major ri5k$ Ihal m8y 8ns$,
as well a5 kne systems and proce(lure5 est3blshe<l lo mwage jh￿. Each year at the AGM the Counul n5k
management lo rnonrtor the effeGlveress of Int￿￿81 conlrds aThJ rrwsLies. Includ￿ insurartt cover. rnighl
miligale risks alr8ay identifiEd The Sch¢x4 akn relans Ihe serv￿$ ol wialtst hfrllh and safety tonsullants dnd
hurnan resource5 wnsuIknI$.
Trustees
The Coun￿1 IT￿SteeS). who also mnsbtLrte Ihe direci(K5 olthe ci)mJany fortre purpose5 ofihe CoryanEs Art al￿ w
Served duritwJ th8 yearare Iksled the legd atvj adtnnthliye pages.
No prolerence dnriden¢s pekl. The (tired￿$ th) not r￿￿rKI P8yTrwlola dwhY8nd.
Stat•moni otTwusto•s r•sponslbW•s
Company law requires the metnbets of thp to prepare finaxial stat￿T￿5 for fin￿CK￿l yeai wh￿h give a
true and far ￿eW of the stats ol alfair5 of the c￿￿panY atKI of surplus defiThl Df Ihe cowny fDr thal period.
In pre￿ng those fin8￿ra1 statetr&nt5. rThenknts oftr are requiiedtD
$8lea sutsble 8ccounfjTrJ tKAkYe$ 8n¢ then Ih8m w&518nty:
m*e wdgerrErtS and estwn8tes that arp yea5￿￿￿￿e and
preparp the fin3nrAal slalernents on (x￿(%￿ basis unle55 it 15 inappri)priate lo presurne that ihe
c￿panY wll th)linue In bLtsn8S8.
mtmbets of IhÈ Ccmjntil a￿ reswKMwblÈ ft* keÈpif¥J k¥(w recoids %¥hK* dtsdose Wlh reasonab
8ccuracy at any litne Lhe fnanGkll p￿1￿)￿ of ￿ company and to 10 ensute Ihal lh8 f￿8￿¢￿1 $18lem8nts
compty wth the C(xThpanies Act ￿6. They ¥e ￿s0 tor SafegUardr￿ Ihe assets of he coryany and hence
for takin9 reasonthle stpps for the prevention and detection of fra￿ and other irrpgularilies.
Thp tnpmbet5 of Ihe CounLiI rnust. in deterniniThJ hDW wnounts a"e wesenled with￿ itetll5 in Ihe 5talempnl of financ￿1
8¢IMlSes ana bal￿¢8 s￿8¢. hawe r8g8rd lo ￿lho repJrn&J or arrar0￿•ThI. in acccydance ¥Alh
generally aC￿pIed actnunbty aid practi￿.
The mefflbws of the Councl ha￿ laken dl steps that thèy (xjgm lohave laken to make thernselves ayare of any [8￿Vant
audit infortrK41Kln and lo establth IhalthE Cotrparrfs aLvthtot5 are aware oftt￿. i1rf￿1V￿.
Audltor
au(*tors, H￿tOn & Co LLP. w apwnted in the year.
Th5 rep￿t FA5 beai wepared n a￿than￿With Ihe pThis￿5 a￿A￿able tocom[w￿5 sutyect to the Small Companies
R•gine.
The apwinlmentof Henlon 8 Co LLP a5 audrtorwas by he C￿￿11 at its ry￿etir0 on 28 January 2011

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Dl¥do$urfrof Infonnallgn tr* aydltor
Each oflhe SchoDI Counol ha5 ccnfirmed Ihatlhere infoimatK)n ofwhth Ihey are aW￿e v4h￿h ￿ re￿Vant Lo the
audit. bLrt ofwtlch th@ autitor is unawar8. Th&y hav& that hav8 takqn apFryriat8 stsps tD idBntify
such rdevant Infomabon to esiaAsh th* Is aw¥e Inf<Th*￿n.
Tiusl8e$ r$FQrt W8$ awovel by th8 C(w￿.
r S Bl¢kort0
Char ofcourol
Datsl.. 11 ltsrch 2024

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
INDEPENDENT AUDITOlfS REPORT
TO THE MEIABERS OF THE FROEBELIAN SCHOOL IHORSFORTHI LIMITED
lon
We have aujited the financ￿1 ststements of The Froeb2ian IFkA-sfotthl IllE'Sc￿>[A'j forthe year ended 31
August 2023 COrnpr￿ thB ￿t￿n(JaI ￿t1th. th& tho slatstnBnt ofcash flows and th
notPs 10 IhÈfinancial sÈlpTren15, ￿￿udIng a iummwy (1s1gr¥f￿Int￿x￿tiry tx)IKJes re￿￿￿9 frafflework
ihal has b*n ap¢￿18￿ in ItrBir plE*raI￿ ts typkn.cth L￿and Unrted Kitvjdom A¢(t￿li￿￿j siandarots. iTKluding Fina[￿441
Reporting Skndard 102 The stand￿aPpi￿e N) Èhe UK and Rep￿ of Irelartdlunited Kingdom
Generally Aryted knnbrvj pr￿).
In ouroFinKm, the Stat￿￿ents..
give 3 true arxl fair viwi ofthe state of knedwitaLqe uxnpanys a￿KS as at31 A￿ust 2023 and of its inLuning
resourtEs re￿)Ur￿ li￿dI[￿j 15 I￿Aj[ne Èyrvjture, frwthe year tr￿ended",
have tr*en prepa&J in al￿[dance￿￿th Unit&J Ar1*￿ Au1J￿1￿j Practr*."
Basis foropinion
We rxJnth¢iÈd (xjr aud¢ ￿ accord*￿ wth InterT￿￿1 Sta￿8￿(￿ ￿ Au(*tiry IUKI IISA¥ {UKllano awhcablè law. Our
IP8Fxxb￿blI￿tis mder those $iarKlards *e further dE￿bEd in AUdilors￿4J0￿￿bjli￿$ forthe&uditoflhe finènty81
Slal8mtrnlS *dJon ofw report. WE artr i￿￿￿e￿yenI ollhp in Ih& elhtsl r6quiremtrn15 that a
relevant t¢ wr aLkYil 0[￿e fnawal stsreTrEnrs in ￿ UK. Ir￿￿11791￿ FRC'S Elhral Skndard. and have fuylled wr
other etru￿1 ￿SponsIbl111￿S in accorttarLe wth these requiiernents. We b￿￿¥￿ thal the audit widen￿ we have0b1ain￿j is
sufficient arKJ approwale to proV￿e 3 basB I￿OUr0p￿i￿.
Conclusions relating to goin9 con¢em
In auditing the financial Sléletnents. wp havè Gr￿¢￿1dÈdthai Ihe TntsteÈs use oltt* cortèm ba*s of &(thntirv) in thtr
prEpara1￿￿ ol the [￿a￿al 51aiwD8nls r6 app￿￿￿18.
Based on wark we have perfotmed. ¥￿ have n(* naleri4 Urrertar￿s [￿ati￿ to 2￿￿ts or conditi(￿5 that.
diwdu3Jly orcdlectivdy, rnay cast sw￿lf￿art doubt on the Sclths abAity lo￿ti￿e as a wing ￿￿tern for aperiod of at
asl iwdveThontsf[a￿ when the financial slaterrHts ate authrxi5ed lorjssue.
r reSpOn￿bill￿e5 the resporfybliiEs olthe Scth¢x)I re¥Ett&) corttrn we descriw inlhe re*¥ant
SeCt￿nS of thLS rep(wt.
Olh•r Infomi8llon
T￿ other irrformal￿n c(xDprises inforrnalKJn I[KIL￿ed ￿ the rEPJrtother Lhan the fi[￿G￿l statemBnts and Dur
8udilo¢s repcrt Ihereon. The Schwl C￿n￿l are re¥￿>￿E theother In[￿m81￿￿ s*ithin anmal rewrt Our
opiniw on the finanoal statements does not COV￿lhe otv ￿f{￿M4￿0n ￿d. except lo the exlenl othewse eXplic￿Y stale¢
our report. we do nat expre55 any fonn d a5suiar￿e CO[￿u5￿]n ttterecm. OLf teS￿nsIbl1ty is to read the olher infotThab(
and. n doing so, COns￿erWhethe1 other1if0rrna￿ is maten31￿1 it￿stent wth Ihe finan(xal staternents ￿0￿r
know￿￿9* obtaithd in tr)e ctyjrse oflhB *JdiL 4yatS ￿ be maiénally mtsskied. Ifwt idèntify Such maltrrial
iicongAsien(ies ￿ app¥wt maknJ m6stai￿*Thts. we ¥e wured to detemne ￿hetsr gives to a matsri
misststerrent In the fina￿1¥ stslefflents ttrwnselves If. based on Ibe wryk ￿ heve wformed. we cM¢*de that th¥e is 8
tnaierial misslatetnent ofthi5 othe[ inkwmabw. we a￿ reThMrwJ lo rewrt that fact
We hav& ndhng to rw)rt m ths rewd.
nl¢)ns ￿ other maners kw8s¢rlbod by ts C(ryanl88 A¢t2006
In Ouropnti). based M thè work undertakè) in the ￿rt* of<MJi ￿dit
Ihe information 9ven In the Trustees rwt ￿￿1her￿arK1al Y$arf￿ Ihe fin8nual ststements are tK6pared. which
indudes th8 dire(lor5' rewJrt prepared for the wrFx>ses of knv. Is ￿nth Ihe Iit)anoal stalefflents. and
Ihe drectors, reFX)rt I￿￿)ded￿thIn IheTnJst£es re￿[ has been prep¥ed in accordance applitsble IBgal
regul￿nE￿Is.

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
INDEPENDENT AUDITOlfS REPORT (CONTINUED)
TO THE MEIABERS OF THE FROEBELIAN SCHOOL IHORSFORTHI LIMITED
Matters ¢)n whl¢h we ar¢ ¢0 rowt tyy ¢y¢eFllon
In the luhl of the knOw￿dge and ￿￿e[S￿di￿ ofthe SdKKA ib environtrEnl obtsIn￿ in Ihecourse oflh8 audit we
have not ￿6￿t￿@d tnat8ria tni58ta8tnénts ￿ thB ditBct(xs' r8ptrt i[KI￿l￿d withn tt>B Truth85 f8pDrt
We havtr nfthin9 to r8sp8¢t oftt*lt4bww in C¢¥nr￿Nes Aci 2￿6 w￿r&S iL8 to
r8port lo y￿j rf. in our cpnth".
adequats acco￿11￿) rÈcJ)ids hav• Th)tb8en kopl. ￿ reiwns*kqL48ts aLwJit have rwAbo8n rec8iv8d from
branches n￿v￿￿e(l by us. c¢
the f￿anC￿al statements are ￿1 in agr￿rnent ¥thlhe ￿￿ntir￿j re¢xKdsa￿ rettJnB". or
¢erBin ￿￿¢￿SUr&S ￿trUSte$s. rernurWI￿ Spec￿*d by L*4¥e w ￿￿Je, C
we heve n¢rt ieceNed ali theInf(￿5￿ and re4ure forow audit."
Ihe Sthoal CounGilv4ere nol lo wep￿8 the fnanLyal stat￿ents ￿ &lOYdan￿ ¥éith ihe small compani65
rpgimp and IAkpAdvxniagp nfttr* WYpAI in rrn)X*w thp TnJsiep.% rp.rth And frfjm Ihp.
U1￿M8n110 a stra189￿ re
Re8pOn￿bal￿s Of S¢h¢)ol Coun¢ll
AS eArdain8d mc*e fully vl'.he st¥l8wII 0fTru￿￿e$ r8swbdiM are also Lhe ol tho
Sch(x)I forthe W￿Se of compani law. are resE￿￿10r the prewali(kn of ts fi￿Cial statement5 and f(Y beinq satssfied
Ih81 they give a true arf fair VEW. fry such Interr81 cwtrol as kne s¢￿ Cwncil d*emiine E n￿essery lo enable the
pr8FN3ralKin of financial statetnents Ihal are frf* from maerial TrNss-Ale￿l ¥vhetherdLE lo fraud or error. In Preparing th&
finanual slalernents, the SctrKMA Cwnril reS￿5￿f0[ a55e5sry Ihe S￿￿￿'satI1tytO continue a5 a going concetn.
isdo>ng. asarpl1c8￿, rnatters reigied lo wi19 ¢tr)cern arKY u¥ty Ihe w￿rg0)ncern b•* of¥xwntin9 unw Ihe Sch(x)I
nol inlwd lo IKiwdate th6 (*arit* companyw ty cease oWrab(￿s. or have rrt) realEtsc allgrnatsve but to¢0 so.
Aurjitor's WP8PQWbsibil*iqs foTlhe auditolthE 8lalenw
rol'ecti¥es are to [eaS(￿aL4ea5SU[a￿ce a￿Ur￿l￿ertheffit￿lCI￿ statements as a wh(Ae are free fvoffl material
misslaierrtnt, whetherdLt 10 fiaud orer1￿. and lo tsgJe &) aLKh1￿$ repm th* ir¥JLwJes wr opiryon. Reasonabk assur8n
a high levgl ofassLfdnce bjt ts not a gU￿￿te8 ihal w a￿￿11 accorda￿e vAth IgAs IUKI wll ah¥ays delect 2
material misststement when it exists. Missts*mentseAn arse trr*n Irath oruror ￿ are (￿an5￿de￿￿ rnaterial if. *idividuallY
or In aggregate. thEy COU￿ re¥swa￿Y be exped8¢ ty hilluwcelhg decisiorE of users tskw on ts basi5 t¢
ese financial slatetnents.
eKienl ID pnKedures are (%patrle aldetecbrxj iwrEg￿arIiEs. li￿dI￿ tra￿1. is detaled below.
ReVI￿d ts natwe of the in(kn5ty and sect(w. the contrd enwron1￿nl￿*1 ￿￿￿nesS ￿rtormal￿ torthe year.
Identifwng the L4Ws ar￿ rewlakns co[￿nYOpetateS wth r￿ana￿￿ent iftrEy a￿ aW￿e0f
any c0trplr￿c8 Issue&
Discussed hrwi and where fraud nw ￿1h al ottr£ audl e￿err￿1ts￿.
In line with al >Jdits und8r ISAS ILKI wa w8r* r8quired 10 perf￿M 18sts to respond 10 the risk of m*)agem&nl
ovemde. We tested the 3￿rO￿atene5s entrEs. evauated the juthJements made for acc￿n￿n9 estimaies
lo assess ifany bH5. and assessed the rati(￿￿ belirKJ allys19nrf￿1H ￿￿U31 tran5acbi)ns.
A fLYtherdÈs¢rption ofow re$w￿￿liies i$avadablt the FIn*ka￿ Rewting CtyJn¢41'¥
hltps."Itwrnwfr¢.cry.uklaudrtcryespwblit* Ihis d0s0irrti￿ fonY6 rKa1 ofow avditorfs EpM.

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
INDEPENDENT AUDITOlfS REPORT (CONTINUED)
TO THE MEIABERS OF THE FROEBELIAN SCHOOL IHORSFORTHI LIMITED
U50 of our ropwt
TFMS rEP(Kt is mad8 sdety to the Ch￿tal￿e crAnpany's t[EMb￿s. as a t￿y. In accordan(% with cha￿er 3 of Part 16 oflhÈ
Cotnpani8sAGI 2006. Our auditwork has b8En urKl8rtakBn so tr￿tw@ tnwJht stat8 tDth8 charrtab￿ mBmb8rs
Ih05e mÈttÉrs we are 'equired ID state to thetn In * audit(￿5 rewxtat¥J ￿ rKiolher purtK)5e. To thpfijllesl ext￿1 permitted
by kw. we do not accept vr r9$￿￿11ty Toan)fft than f*ariiaiAe ¢(YTrpany IhB tharrtaLle co￿any'S
members as a body. wr aL*lit *￿rf(. forlhs re[￿ or the crfXn￿S we have forrned.
Chrfs Howttt IS•4or stsiulory A￿lIt￿)
lorand on boh8KofH•nto
11 IA4fth 2024
Chartored ACCOUn￿lts
ststthory *JJdltor
118 North Street
West Yorkshye
LS2 7PN

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
STATEMENT OF FINANCIAL ACTIVMES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGLIST 2023
To*1 Unro8tri¢tsd Ro8tri¢tod
lund5
funds
2022
2022
Total
2023
2023
Notes
In¢omo fw:
Donatso￿ and lega¢Es
Ch￿lIats￿ ¥tyvibes
Other tradiTrJ a￿l￿beS
Investtnents
25,985
25.985
2.375.339
30.029
2.344
2.296.95B
12.031
2.2*,958
12.031
2.375.339
30.029
1344
Totsl income
2,315.997
2.315.997
2.407.712
2S,985
2.433,697
Expon(*tur• on:
charitab￿ Kbvtbes
2.459.786
47.1tr2 2.506.948
2,176.935
57,320
2,234.255
Totsl expenthture
2.459.786
47.162
2,116.935
57,320
2.234.255
Not Incornellexppndlturpl
1143.7891
147.1621
I1￿.951)
2Y).777
131.3351
199.412
TrdiibfEr& bElweEn futvts
136.295
Net movenwnt In funds
1180,0841
110.8671
I1￿.951)
230.717
131.3351
199.442
ReconcIlla￿an of lund5'.
Fund bal8rKes al 1 Sepi*￿b
2D22
2.627.994
80.672 2.608.666
2,￿7.217
112,￿7
2.409.224
Fund b•lJnc¢3 Jt 31 4
2U23
2.347.910
69.805
2.417.715
2,527.994
,672
2.808.668
The slatefflentoffinanual athitEs all gansand k>s5es rwi5ed in the year. irKX)me expenditure derive
frorn ¢ontrKiw actMt*s.
pagB5 13 to 27 p*t L*thB5P fjnarhial 51atettRwts.
10-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
BALANCE SHEET
ASAT31AUGUST20?3
2023
2022
Flxed Bssel¥
langible assets
13
2.260.737
2.269.154
Cuvrent assets
Debiors
Cash at barlg and h ha
14
118.102
63.646
449.599
621.005
Crnditorn: *mo￿ts￿li1n9 wilhin on•
year
15
1292.6211
1281,4931
t ¢urrentass•ts
156.978
339.512
Totsl assets less cuThent liatHlibe¥
2,417,715
2.608,666
Not 8$s8ts ex¢ludlry pwslon I￿￿11￿
2.417.715
2.&]8.f
The funds of Scho
Restricted irKom& funi
Un￿Stricted futvJ5
17
80.672
2.527.YJ4
2.347.910
2.417.715
2.e￿8.666
Thg r￿t&s￿n page$ 13 to 27 (Kthese finatKial state[r￿ts.
Thefinancwl slaternents were apwoved bytrÈ $r*rA￿ 11 March 2024
Mr S B￿kèrIOn
Chalr Ol￿n£*
Cowany registrati1￿ ThJmberlA)926012 IEn9L¥xJ atxl Ylale5)

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
STATEMENT OF CASH FLOVVS
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
Cash llowsfrom opornung actmtfigs
Cash (absort￿ byyg8nerated from OPEratK)Tr&
1158.7611
89.r150
InveGtln9 actlvStles
PLYchase ol￿gI￿e fiAe(l assets
Proceed5 from disp05a of kngl￿E assd5
tT4.1091
1217.wl
8.789
2.344
Investment rv>)me ￿W*d
Not cash used in IrNestiny acti¥tlles
167.101}
1206.TTI1
NBt tash used in finan¢iwJ *C￿e%
Not dgGrease kn Gash and cash *qulvalenis
122J.8621
1117.7211
Cash cash equivalents at WinrifvJ Df
557.359
S75.(￿0
Cash and cash equlv¥erts at end of y
331.497
557.359
Thè r￿￿&1)Th pages 13 to 27 fc￿1 wt finarKaal stat￿nE￿￿.
12-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
A￿OUnt￿9 pol￿195
Charity inlarmBtit
The FroeiElian 8#KJd (H￿￿1h) a tTh7IÈwmp￿y k"mited try gU￿te4 ￿()Y[￿l[￿e0 in ErKJlond
Wa￿5 The re5iaered Offi￿ 15 Road. HLYsfLth. Leeds. LS184L8.
1.1 A¢count*lg comtenti
Tho finanasl stat8rnonts hth bèsn in a(%￿rdan￿￿IIh Ihè K4èmrJrandum and of
AssotiaiK)n. CompaniesA¢i 2CK6 arQ-AcCt¥jn￿ ar*1 ReW￿r￿￿ by Ch•￿t$." StaiÈmÈni of RecoM￿nded
Pr&tKe appl￿b￿ to ¢Thanlies pw8nrvJ ac¢wnlS in &¢[￿d8[￿ Ihp Fin*Eial Reptsrtng sla￿ard
applicatrde in the UK and RwubSc of IreL¥￿1 IFRS 1021- las anended tor attountiThJ ￿riOdS a)mmencing trom 1
JanLWry 20161. The Sch(￿1 s a PUb￿C aenpfft Enlty 35 (lefined by FRS 102.
The finanu81 sta￿￿nts a￿ l¥epa￿d ￿ Stsdirwj. whth is Ihe tsJr¢erKyol the Mw*taryamunts Sn
ih8sefinanci81 $1818mwis *e r￿r¢8￿ 10 lh& ￿18$1 £.
The finan(Mal staterr￿nts have been wep¥ed uTh*rthe a)Sta￿}￿lIDn. The tKnci)al a￿nI1￿ pol(aes
adoptsd are Set Wi bek)w.
1.2 Goln9 concem
Al the lirne of approvirvj 1hefina￿iaI stat￿lS. the CThJvKil h*e a rea￿￿tsb￿ expèctation Ihai thè Sch￿1
has adequate resouTcesto conknnue ￿ ?perational e￿stenCe tsthE foTeSeeab￿ fuiure. Thus the SL*￿)01 Council
nlinue lo adorl Ihe gyr¥J cortem ￿ Of•))￿n￿￿ in Iheffiwci¥ s19teM￿
1.3 Ch3ri¢able lund%
Unresirthd l￿d$ a￿ avwL*le use d￿Et￿ ofihe ￿Thy1 in futherartr ol ¢harikqNe
obiectrwe5.
Restrthd fLnds¥e those thThted fr￿USe in a patKJJk area (Y are kn 5pe(ak pu￿￿. the use ofwlich is
to Ih818rea (K wrpJ8e.
Erylwrrentfunds are 10 speoft Co￿rt￿ by (S)vs thaithe captsi rnusi ￿ m•M*ned by the Sch(w)l.
1.4 Incomlng re50wce5
Income i8 re¢ogn68d wtsn S<h&Y legalty to li after any perforM￿e conlfilions Ikg¥e TrBI. the
nounts ￿ be measured relabty. aThb itis txobab* Ihalinlxx￿e *il bertrMed.
Cash d(ratims are rewised on re￿￿t. 0lher¢knakn5 we reU)W￿2d i>rKE Ihe Schwl been nolffjed ofthe
donaton. unless g)ndrfityis requre d¥fwr¥ ¢lthe awJni. Inccwne re¢oveiabb in relati￿ to
don3tons recetved under Gift ordeeds ofcovenani is r￿niSed althe tme of the dImti￿. DOnati￿S receNable
for the general putwses of the Charity are Credit￿ to Unre51ticted Fu￿s. Donations for purFxhses reslricted by Ihe
wishes Of￿ dDn(Y are tthen lo RethX8d FuTrd5wkMe Ih85e wthes Wly bi(*ing on the Council. 8xcept that
driy thiK)uiiis lewir￿ iu be ds tidp1￿1 li acLx¥tdthiL*￿￿l *tslies dltt ￿￿111*xl lor lit*le￿ ds
Endt)wments. perff*renl or ￿the natyre ofts reslrKty.
Turno¥gr 1$ Measured al lh8 fair ofts cor6wJerabon raxived tw rece￿8118 a￿1 rewe$8nts 8mounl$ r8¢eN8￿￿
for tees torlhp sch(x>l ye￿end￿￿ 31 A￿ust2023.
13-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
ACcoUntw￿ pol￿•e$
(Continued)
.5 Re8ource8 expended
Cxpendilure Is r￿(￿J￿iSed I￿￿1here oriThstnM*Ne dAvja1￿to tra[the(￿Orn1C benefrttoa third party, rt
1$ kYObabl6 thai a Iransf*rot￿rth￿ bènaffts ba reQ￿red w) Stlty8ff￿1. amoml of oblKJabon Can b&
mea9Jred rdigbly.
ExpPrKIlu￿ is d¥s5ifpd byxty￿ty. (xEts ole*h **vity tn*J& ￿pOItt￿P tdal of dirp¢twsts ¥t¥J 5hatpd
costs. ￿ChIdir¥j 5UPP(wt C0515 irwdv* in undettthrvJ eth ati*vity. Direcl Ix)5ts aknbUla￿e lo a single artmty are
811c￿ed di¢ctlyl0 th818¢b¥rty Shwed ts%ts wtmch to rn0¢ th8n tr)e a*vrty and support costs ￿h1¢h 8re
nol aunbutsbk lo a $ngle *bvity aty Wween iho* acbvib8s a >asi8 th)ntsi$ienl the u$8 of
resources. Central slaff c05tsare dkKated on Ihe I￿S otime SI￿( ￿ deweeA*ion charge5 are ￿l￿ted on tr
portK)n of thè assÈis use.
Direct expenditure is sumrnari5ed umler fU￿ti)nal heading5 on 3 di￿1 c05t basis. Fu overhead costs. 11 Is
appotboned according to [￿anage[r￿￿t esbrnate5. TIE it[￿verable ￿eThe￿t of VAT ￿ induded with the ilern of
exp￿$& tOY4hKh il mlates.
1.6 Tanglble flx•d s5s•ts
Tangib￿ fix￿ assai$ ¥e inthaly mtra￿d at CtsSLand Sut￿u￿ntyMÈa￿jred att£*torvaluabon, n&of
depreciation and any Impwrmeni losses.
DeprecialK>n h35 been S￿￿led on ￿91b￿ assets to ¥fflle off the a)st over th￿[ useful lives al(pting Ihe follo￿ng
te5 and ba5e5."
Land tMJldir¥Js
Fiytures, fitbrvjs & equpmenl
IT equipment
1% Stra￿h1 Sne
33.33% syawi I￿E
The ￿An or loss ari5irvJ on Ihe disFKwI of an as5& Sdetetrnw￿l as the(￿erer￿e betsEen Sale proceeds and thg
Gatryng ¥alu8 Dflhe asSEI. is reC￿￿ed in Ststerr￿rtOfffin￿¢la acbvrfies.
1.7 Imp*n*nt oftsod os$8ts
At e3ch reportng end date. SttK>oI reyews Ihe carryww ar￿XInts of is asseis 10 (*termKie wheiherihere
Is ￿Y mdical￿Th that those 8ssds have suffered * imp£4nYMi ths. If aly SLN* iNffi¢ation exists. re¢ovei8ble
amouni of ihe awl estimated #i or0¥ lodetwmir* ihe extenloftrÈ iDyirwi k)ss Irf any!.
1.8 Cash ond cash •quival•nls
Cash cash ￿1valents Indude cash in hand. detKWts he￿ alcall wth bar*s. Olhershort-term li(WKI investments
with ori£inal maturrfies dtlyee t￿￿th5O[ kn. (Nerilrafts. Bar*overdrdfts are SI￿ I￿￿￿7n95 in
curr8nl liabilthes.
1.9 Flnanelal knstrum•nts
The has ele¢ièd 10 the 11 Bas￿ Fin￿￿1￿ 1￿M•￿5. aThJ Sectv)n 12'CMhèr
Financial Instrurnents Issues. of FRS 102 10 *1 of ts fin>)¢K¥ instrurrwts
Financial instrurt￿￿ts are in the bakn￿ sheetythen SckKK4 becomes party to the u)nlr*thal
Financial assBtsaDd Saknlil*¥e off$￿. Y￿1h the nel rY8¥•nt8d il the finatKia slatF￿￿Trts. when IhFFa Is a
I￿alty enforceable nghtto set off rec￿gn￿￿ anounts there is ￿ Intenti￿ 10 seiueijna net ba5E orto real￿e
the asset and settle Ihe liablty ￿￿u￿e￿L*.
14-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
ACcoUntw￿ pol￿•e$
(Continued)
Basifinancial assets. whKth indule debtL￿s bank ba*n￿. ¥e [I￿red attransacbon wr£.
Financial a$￿SdaS$ffj￿ as r8ceiv8bl¥ *ithin c￿try88r ao an￿118•].
Basie Iln•n¢l*l liabilAlie$
Ba5￿finanC￿l liabili*8s. tr*drt¢x* barth k>ans arè twntsèd attrangac1￿n pri¢*. Finanrial li9txl￿&S
da8sifiÈd as paYsb￿¥￿tt)l1 or* ate rK)t *￿tsed.
Trdde CredIt￿S are otAigat￿n5 lo pay orSerV￿5 have been ar4￿red the ordinary eour5e ot
opera1(￿5 frlY￿ supph'ets. Arnounts pardb￿ are dassif￿d a5 c￿Tent IHt¥lties If p3ynent 15 due %vithin one year ar
less. W wl. they are ￿￿ented a5 rw-curtEnl Trad8 Gredrtot5 ￿ recowi%ed iThlialy al Irdn5xbon and
subsequenty rneasured at arn(xti5ed tDst tre eflethe I￿lEr￿st t1￿￿￿￿1.
Der8¢ognlllon of Ilnond•lll4blll¢les
Financi81 liabilibes are deretwised *then sc￿￿A's rxntradual ￿￿atiOnS ewre or aredwtrorged crf r8Trcel￿d.
1.10 Employetr btnofits
The tx)st of any unused hdvjay entiuemenl ￿ rwntsed in the perKxI inwhth Ihe eWyeesser¥ic8sare re￿nie
Temihallon benafts are wo9nised I)￿8￿8(@1Ya58n aipens8 wh8n1tr4 SdKd is ¢ommift8d to
tetrniDale th8 e[￿0￿[￿ empk)yee ￿t0 PTUVKle term￿al￿ benefiis.
1.11 Trt￿ FairlT*w
By ItE rn8￿re of ils ¥dKvitEs. Ihe Ccthp8ny is a rnaking Organ￿￿n be¢¥use of this. 8 Profft
d Lws Accwnt is Ih85e accowts. replxed by 8 Statementof F￿ancial ActNilb8S.
1.12 Donations
Donali¢n$ re¢eiY8Ne f¢x th8 ge￿181 wrposes ol lh8 Ch*iy 8r? lo Uni8slrictwJ FurKJs. Donath)ns f
purposes resthcled by the w5hes ol Ihe are laken w e95trirlod Funds whwe these wEhes arg legally biDdng
on Ihe Counul. ex￿p1 that aiy arrAwnls required to be ietaied as C*yal in accudance Mlh the donc<s WLshes are
for instsa as ErKknvmw)ts. k*tm*itntw txtEndat4È ￿)rt￿Thj to the na￿te oftr* reststhn.
1.13 Share ca￿1
Th& cornpany ha5 no Share cawial. Th8 liatslty of the [r￿[th￿ is by Guardnlee. each member hawng
dertaken 1¢ Cmuibute s￿h roi ex¢eedTrJ as be wuired eveni ofthe company bemg
%vwnd up whilst he￿She i4 8 rKwithin Dne yeartrHe
Crltl¢al èstim*•s judgtrmÈnts
In Ihe ap￿Ica00￿ of the SCI￿r5 ￿(XAl￿r¥j wlcips. Ihe SdMxA c￿￿￿lar￿ reqL¥fEd to rnake I￿gements, estimates
and assumptM$ a￿ul Ihtr ofas$ètsar￿ Ik8knhbe8 thai ère r*Jtrèadly4parent from othpr sourt88.
The esDmi8$ assooaled assumpiws are bosed h&)rtal e*W8r￿ andoihei facwts that are consid&r6d to
be rdevant Act￿ resutt5 may drff¥frNn I￿ estYTretes.
The ur*etyng aSs￿￿p￿onS are rew￿l¥ed on an otwng b￿5. Re￿51￿5 to accounting esbtnates are
rectsJnised in the per￿￿ in Ihe esbtrwte $ affetls onlythai pul￿. or in thtr ￿ntsd or
the r8yisw)n arQ lulurfj pE[￿S aifg¢1s both fulutB pericwjs.
15-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
knGom¢ from *J(￿lon$ and lewl¢s
RestrictEd
funds
2022
hjnds
2023
Donalh?rtsaTrJ g•ls
25.￿5
come Imm ¢h•riiaW* a￿*1111•8
Urw¢Strl¢t•d VnrgstyiMwl
fundx
funds
2023
2022
Fees rewvab*
2,296.956
2.375.339
kncome from Irk￿￿0[
Vnr8stri¢ted Unr•$tri¢t
funds
nds
2023
Interest receNable
Olh8r In¢t
Unrpstricted Unre5tric*d
fu￿8
2DrJ
OtherinC￿￿e
Nel gain on disposal o1targble1￿￿ assets
Rentrl Inwtr
1.266
20.135
1.314
10.765
12.031
30.(Y29
16-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Chpr#ablo a¢thlts
Total
2W23
Total
2023
2•23
2023
Teaching costs
Wellwe costs
Prernk*s
ManageTnent & tdmini%lrai
Chantabb donalor
1.513.414
57.091
231.531
95.%9
146.169
94.102
47,162
1.802.036
164.037
227.512
260.741
47.162
1.571.876
136.916
238.f66
224.687
57,320
51.D34
166.639
24.369
1.805.155
81.
B14.933
2.￿1.548
2.229.455
F￿5 pay3t￿e to a￿li10r- audit
5,4
5.400
I.PKJ5.155
81.460
620.333 2.506.948
2.234.255
Anatysls by fund
un￿$trIcItd fmds
Res¢rtied fLnds
1.805.155
81.460
573.171
47.162
2.459.786
47.162
2,176.935
57.320
1.805,155
81.460
620.333 2.Sm.948
2,234.255
Prioryear
Unrestrrtsd knds
Resirthd fLwds
1.624.140
70.052
482.743
57.320
2.176.935
57.320
1.624.140
70.052
S40.(￿3
2.234.255
2122
Toachlng ¢osty In¢ludo:
ool activibesand woects
School books & equipfflenl
?4.569
21.120
19.814
TNolfar• costs Include..
F(￿￿ aryd kitchen expenses
82.687
Pr•mifjes irKhKI•.'
Repaits and renw¥3Js
Cleaning
28.053
6.140
37.958
7.381
G0￿rrbaNee tO$ts im¢lLKk'.
Auditors rcmuneratM)n
17-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Mot mvfyment kn fvnds
2023
2022
Thfy nFt I￿V*m￿ntin fthd$ ts ¥tsted aftrr tharyiny1lts￿￿ThJl".
DepreciabDll of (T￿ned langlAefrAed a58ets
82,526
70.053
82.526
70.a53
18-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
S¢hopl CrJun¢il
None of Scbod Countl lor ¥¥)y pers1￿$ t￿n¢t18d re*ved any r￿￿n￿￿ts¢)n frf benèffts fr¢n) th¢
¥Jl duriD9 the year.
Mernb￿S ofthe Couwil recewed no ￿nera￿ ￿ rEs￿Of1hey ruleas dredofand trus￿.
1D
Auditors remunwatiDn
The *alysi$ of8uthiorfs rgmutwalv)n 8 as fdbws".
F$9$ payabl• tothg S¢hool's audrtor and assocl*¥%:
2023
2022
A￿rt ofthè Sthoof5 annual &Étt￿ts
5.4CX)
In respoci of a8soclatsd p￿8￿*￿ sc￿m•S
19-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
11 En¥Jbyo¢$
Nurnber of ernployee
The ￿er￿e Thonthly wmbgr of Ihe year *w.'
2023
Nwnber
Number
Teachers
Te*¢hing Assislan
DotDfr51iG
AdministraDon
Nursery
14
21
61
Totsl
2023
21123
2022
Wages and salar￿5
soc￿1 security ￿sts
Oth￿penS￿ costs
167.126
1.453.353
124.496
129.773
1.296.809
109,049
130.
11.292
31.055
117.742
218.246
1.707.622
1.536.818
Dunng the ye* ¢harit8tlB cornp8Dy wdetWBrt ¢14angBs. Thts Ih3s T*u11￿j In a hig1￿r staffing
costforthe year than Th)rrnal It has resulted in 2 meIrt)￿S of slaflearrwng over £60.0￿. has teen caused
by a member ￿Slaff steppng w> *tH￿at￿￿￿Tr￿)er0f staff vrds abs2nl fr(wn th.
2023
Mumbor
Teaching
12
Taxatlon
The (￿ryany is a Registeral Chty FYDVKSWVJ pl1￿￿1￿￿ r￿ed5 a5 is exempt taxat￿￿.

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
13 Tanglblg flxed
&eV￿?￿
Cost
At 1 S6ptemt*r 2￿￿2
2,436.662
7.077
661,178
67,032
3.097.840
74.109
AI 31 AwJus12023
2,443.739
728,210
3,171.949
Depre¢ialion and impwmwt
Al 1 Septsmber 2022
Deptsciabon thargBd in Iheyear
351.709
24.448
476.9TT
58,078
828.
82.526
AI 31 AugL￿1 2023
376.157
535,055
911.212
Carry4ng amowrt
At 31 ￿LE12￿23
2,C*7.582
193,155
2,2é0.737
At 31 Augusl 2022
2.084.953
184,2Ql
2.2fj9.154
14 Dobtors
2023
2022
Amounts falling due within one yw.
Trade debty5
Orherdeblor5
PreFkyments and arxrued irKx)me
49.417
9.9
58.693
25.286
3.L5
35.135
118.1￿2
63.646
15 Cr•dltor5'. amounts falllngth•within y￿r
2023
2022
Notes
OthBf tsxaiw)n and ￿jrIty
Deferred irKom
Trade credito
Othercredit(￿s
Actruals and defer￿d Ir￿
27.424
109.210
88,4
21.709
45.798
26.478
87.927
120.331
26.429
20.328
16
292,fj21
281.493
21

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
16 Dof•rrod
2023
Z022
OthBrdefetred Itvjyne
109210
87.927
20rJ
2tr22
Deferred income is nthdedwitrin..
Curreni IL8tAlibes
ICVJ210
87.927
Movewnts in year..
Deferred income at 1 September 2022
ReS￿rr£S deferred in Ihe year
87.927
21283
122.640
134.7131
D8fwr8d if￿(Y￿ al 31 ALYJU512023
109.210
87.927
17
Restri¢t8dlundg
The r*sthciad fundsoTlhè th8rfty Ihe b¥knc*8ofdM*wxts8nd grants hdd on tm$t subjectio
specific cur￿￿￿￿5 by a5 to hovj they be ￿d.
At 1 SepternbEr kncoffling Res(nwces
Tvansfers At 31 August
2023
Fundpising account
Restrtied dc*)81ti)s
Bursary and hardshp
13.4691
3T.6f1
46.4E
13.4691
37.661
35.613
147.1621
36295
147.1621
36295
fi9.￿5
Pr•vbus yoar..
Transf8rs Ai 31 August
2022
Fundraising account
Restrrtsd
and hwdshp
13.4691
11.676
lo3.￿)
13.4691
37.661
46.480
2S.985
15T.J201
112.￿7
2S.985
157.3201
80.672

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
17
Re$trictedlunth
(Continued)
Thc fundrai8in9 eccounl ￿lerS to bjndrakyry cerri>y *YJt by ihc ScAxl ¥eth•lyfty the purpose of rna￿￿9 donati￿3
to other ￿0$.
Resththed dMaO¢ms- rth to spècrft doftatio￿ by partnts to smiztrs for the Verity Cup. an Enwronrnertal
alleng8 8ThJ rtc8ntrt￿al1￿I Iha FPTA fty n¥w FI1￿rOL￿d ￿l￿rnI.
The Schocl. in reCO￿rtI)n of rfs charita￿e stskns. esiaNisW ¥ fvnd to suFyort for wrrenl fuLr8
pupils who experien￿ diffiajthes in I￿r C(mnfftth￿fit1Dthe SCM
18
Unrestrfctod fvThd5
The Lyyeslricted funds of the chantyc(xnwse kneuneXpe￿&I bala[￿eS of<k>nalKknS grants which are rth subl￿t
to spetific ¢ondibons by d￿(￿$ and ￿ntOts as ￿aY ￿ used. These ir%ludè designated funds which haye
be8n sel as￿8 out ol unrestr￿80 fur￿$ by Iho tru*ees fty PtyP)$85.
Trnnsfws A¢ 31 August
2023
GeTh￿ funds
2.527.
12.459.786)
136,2951
2.347.910
Pr•v*)us y•ar'.
Coming R•wx¢es
•xpondAd
Tvansftts At 31 August
2022
Genwal fu￿$
2.297.217
2.407.712
12.176.9351
2.527.
19
Arlatysls of n¢t a￿ts b¢ttw¢en fvnds
Unr95trictsd R•strkt•d
nds
2023
Total
2023
2023
At 31 Augu5t2Q23:
Tangib￿ assets
Current asseWllot¥I￿e$j
2.260.737
87.173
2,250.737
156.978
2,347,910
69,805
2.417.115
-23-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Anatysits of net assets bet￿efi funds
(Continued)
Total
fund8
2022
2022
2022
At 31 August 2fj22=
T￿ng1b￿ a55¢ts
Current 8ssets1l1o￿1￿.esI
2.289.154
258.840
2.2fj9.1Y
339.512
80,672
2.$27.994
80.672
2.608.f
20
Relètsd yrty tAll8a¢tw)ns
During tho yew Kenneth 8e8ty. wfv) wasa of Th& Fro*dw SchxA (Horskffth Limiitd uniil his rtsignabm on
31 2023. is a drectrr Dfa comFanywhth ￿timatety th¥ns Sag4rsAccounlants. prDwded accounting
a*wce ￿ the sthd. Tre tow expensed In the year w85.-7.9S8 12022 £nill. there was£3.(X)0 12022 fThll
outstsndirvj al IIE yearend. The sclKMS a150 hncurred costs d£6.47912W2? £nill toArKlerson. Andetsw & Brown. who
are part of say￿ The arnowl Outsta￿￿￿9 attheyear end is £1.85512022 £nill.
There were rK) ollw disdos8bl8 r￿81￿ party Irar6a¢b"wts dwir¥J Ihe year12022.
-24-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
21 Penslon ￿￿ts
The mekes per¢icAI contnbutyms under the Te)*eeSpensh￿ Scherne {TPS} Tre Pensv)ns Trust Growb
Plan. assets of bolh schemesare he￿ setwa'.ety triyn those of in Inde*ndenUy a0￿￿￿le￿￿ lJnd$.
The anounts re￿niSed hi the Slalernenlol FnarKJal A{￿ a5 an expense lor b(th schemes was £119.77312022..
£145,075). 1rd￿ed in tyediltts 81 IhÈ yearend was a balance of 115.￿?712022.. £18.1001 in rtssp8Ct of unpaid
ontributi(￿s.
PENWIN TRUST GRowfH PLAN
The charitab￿ Coryany ￿r￿Cipa￿S in Ihe ￿l￿ne. a scheme ¥%lNch provides benefits to some 1,300
￿On-as￿ated parkncipabr¥J eThp￿yerS. The s(IErne sa beneTh sch￿lle in Ihe UK.1115 [X)S￿ble for the
companyto ob￿n InftYtraiiN 10 enab￿ il 10 scawnB as a tsfinad bBn&fil ¥¢hamB. Thwefor&
11 accounts Ihe as a ¢Jefine¢ cthilnPJJlth stt*ffe.
The scheme is classified asa Yasl man str1￿1￿ JBngeTrw:' Tlwef¢ye Ihe C(Knp￿Y is w¢￿1￿￿11Y liable f(Y other
part￿pating empknyer5' OtAigalKJn5 rftri>se are unatAe to rnee1lh￿fshare of scheme defic* follomng
wilhdpw81 from the s(*eme. Pa￿paIn9 eftwloyets we re4u¥ed to med sh8re ofthe schemedeficrt on
an annuity purttose ba$Eon Wilhdra￿￿l Irtym ih&¥thew*.
A fvll dduarial v81uation forts sch￿n￿waS out at 30 Septemw 2017. v4uahw strth¥ed assets of
£794 9m. liabilit￿S of £926.4rn a dÈficrtof£131.￿n. To dltrmr￿le jh￿ fun(*rvJ shortrai. theT[US￿ has asked the
part￿￿Pa]Ing etnpkjyers ID pay adLfjliond to the stheTtE as klhJw5.
Defi¢ii ¢oniribution$
£11 243 COO pw antxwn (Payab￿ and
e￿￿9 by 3% eath on 1st
From 1 Awil 2019 10 31 J*uary 2025..
u￿esS a 1￿cesS￿￿ has been agr￿ vthh Ihe Tr￿stee t￿M to 31 January 202S ap￿￿.
Noie ir* S¢heNts Valuat￿ was ¢•mea fwfwrth an etleciNe dale ot 30 September 2014. Vhls valu811
shov48d assels of £793.4m. IiaknlilÈs of and 8 def￿1 of £176.￿. To diminale trs funding $h￿￿all.
Trustee has asked the part￿pating errpknyers:o pay contthl1￿Sto the scheme a5folows:
D•fitit contributii)nts
t12.945.440 ￿ anrwm (payab￿ monthly and
irtrewng by 3% eath fy7 1st
From 1 Awl 201610 30 Sep￿ber2￿25..
£54.560 per anrnm (payabk mnihty and
i￿￿r￿j by 3% eath ￿ 1st
From 1 Awl 201610 30 Sepl￿b￿2028'.
The rÈcovÈry p￿n are al¢)caied to p*iKipatns Èmjoyei ￿ line wrfh ther estimated sharé of ihe
$8nes 1 and SenFs 2 ¥thernF Ikknlths.
Where the scheme Is ￿ defiut atvj wh8re Ihe ￿j￿anY has ag￿ed b a defiL¥t funditvj arrang￿￿￿￿t Ihfr cotnpany
Tecowi5es a Ira￿lily tor ibi5 oNvJaiK>n The a￿K￿ffl reco9llised is Ihe net ￿￿e￿i value of Ihe deFIQl TeduciK)n
contriOutstr)s pay8blt und8rtr* a9￿￿1 rdaies to daficrt. The present value c4culai6d usin9 th6 dis¢tyJnl
ra￿ (btai￿￿ in th8S8 dE(h￿Jr*s. Th* ￿￿10￿•¥j dlh&di5coJ•I Rt* is as a filwictl ¢￿t
-25-

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
21
Pension costs
(Continued)
TEA¢HERS' PENSIOM SCHEME ITPSI
Introduction
The Teachers, PensK)n Sdwffte ITPSI ￿ a stalutory Cont[￿￿1￿. ￿ffined benefit 5cheThe. ￿Vern￿ by the Teacher5.
Pen51Dns Regulations 2010. and IhE Teat*er5' Pension Stherne REgulalB)ns 2014. These regu￿1￿)￿5 apply to
teacknrs in schooL8 ond other cduulNxid c51tt>lishmcnls indtsdiTrJ aC￿MieS. in England Walcs that are
maintained by thal auihoriSes In adLliKn. lex￿r$ in many iThY8pend8nl and ￿￿nIary-aId8d 8¢hOts￿ and i*a¢h6rs
and leciuws in s(N￿e e5tatrAishments of further and hvJher ￿Ucat￿ tnay be elwJ1b￿ f(x metnber5bip. ￿￿bershiP is
aulixnatic for full-btne teactr￿r5 and letturers a￿. ftDtn 1 January 21N)7, auiomaliG for le￿￿￿[S and I￿U[er8 in p
lime emtyoynEni thar￿ ofclffilxl. Te**rs leuurwswe able lo opl aut of the TPS
T•a¢￿T$. Pen4on Bwng and Valuthi A¢cwnt
th0￿h rnamt*rs may be ￿￿40Yed by varirKts btyJ*s. th*r 18Dr6nwt aTrJ other bonefits ar8 tsel wt in
reoulaiK)n5 rnade urKlei Ihe Superanmation Acl 1972 SernN￿ p￿s￿￿5 Act 2013 and are paid by public
f￿dS provided ty Partiarnent. The TPS is ￿ unfurnled sct￿The arnl members wntfbute on a'pay as you go. basi5-
thpse CDntribulions, *4lh tr￿e ft￿1e by empknyets, atÈ trahted lo IhÈ Exdwuer undprarrarvJtrTh*ntS gove[r￿d
by IhÈ 8bov8 Act
The Toa¢hèrs' Pfrnsknn Re9uM1￿$ requre an annual aco)unL Ihtr Teach8r8' Pansion 8udy&fjNJ 8nd Valuatlon
A¢¢ounl. 10 be kepl of receipts and eI￿rtU[￿ (It*bJding the C￿1 ol t￿$¥J￿ ItKre¥*si. Fffjtn l April . the AcwuDI
has been credit&J wnh a re31 rale of rwum. whKth is e￿￿￿ent to a5surniw Ihat Ihe b￿an￿ in the AcLount Is Invested
in r￿onal invesknerrts that wLKJu￿that real rale ol reknm.
Valuknon ofthoT•achor5' PO￿0￿ Schemp
The lalesl &iuatial review Df the TPS vras Thjl as al 31 2016 atKI n ￿x￿(kn￿ ￿nth The PUNIC Setvie
PensbJns IValuatk)r¢ Em￿0yerS Capl Direa￿ 2014.
The valuat￿￿ rewrtvrds PLIAthed by Oep3rtment on 5 PAarch 2019. Th8 key resLlls of Ihe*dluation are."
byer conlribubon rales y￿re set at 23.68% of penSK)nablp pay. in Ine ￿1th CLrrent regJlalK)n* nDt ncluding the
dihonal 0.08% ernpwtspay fortt*c4)$1 st￿ ￿MIr*Strati£l)".
-total scheme Ira￿111￿$ servre to Ihe eff8di¥e¢Jate d £218.1 bal￿. n¢Ax)n¥ assets £1%.1 billi￿. giving a
noliDna past 5erricedeficit at£22 ￿IK￿".
4n ÈmKAoyw cost tsp of 10.3% pty.
Thp nBw e[[￿[ (yrthbubon ratp for11￿ TPAwas in S9ptern￿ 2019.
A lul copy of the valuat￿n repffl th? suFwtirwJ th￿M￿￿tIOn ￿ be foJnd T8ach8rs' Penscffi Scheme
webyte al the fr￿￿%¥1￿g kn#M'.
22 Analysls of ¢hangAS In nAt fund5
The debt during the ye*.

THE FROEBELIAN SCHOOL (HORSFORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
23 ¢a¥h gonerat•d from Qwath￿S
2023
IDefKitysurpus forthe
1190.9511
199.442
AdNslments for."
Inveskneni irwme rectyrmsed in ststewwt offin￿￿¥
Depreciabon iwirment of tarvJ*le fixed assets
17.0081
82.520
12,3441
70.053
Increasevaecrease in debtors
(Deueasel In (Yeditors
I￿re*S￿(￿e¢re¥Se) in
154.4561
(10.1551
21.283
336
1143,T261
134,7131
1153.7611
89.050

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