Company Registration No. 0844804 Charity Registration No. 529112
Moorfield School Limited
(a company limited by guarantee and not having a share capital)
Trustees' Annual Report and Audited Financial Statements
For the year ended 31 August 2025
Moorfield School Limited
Contents:
| Trustees' Annual Report | Pages | 1 | - 10 |
|---|---|---|---|
| (incorporating the Directors' Report) | |||
| (including Statement of Trustees' Responsibilities) | |||
| Independent Auditor's Report | Pages | 11 | - 13 |
| Statement of Financial Activities | Page | 14 | |
| (including Income and Expenditure account) | |||
| Balance Sheet | Page | 15 | |
| Statement of Cash Flows | Page | 16 | |
| Notes to the Financial Statements | Pages | 17 | - 25 |
Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
Trustees' Annual Report for the year ended 31 August 2025
The trustees, who are also the directors for the purposes of company law, present their annual report and the independently audited financial statements for the year ended 31 August 2025, which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'.
Administrative Details
Company Registration Number: 00844804 Charity Registration Number: 529112
Trustees/Governors A. Rhodes (Chair)
A. Coad resigned 3 September 2025 D. Crane appointed 8 October 2024 P. Crossley appointed 8 October 2024, resigned 31 January 2026 M. Hartley resigned 24 June 2025 H. Hesketh appointed 24 November 2025 S. Hinchli�e C. Jarvis appointed 3 February 2026 B. Lamb J. Walker resigned 25 September 2025 R. Wallace resigned 29 October 2025 Head T. Herbert retired 31 December 2024 M. Gibson appointed 1 January 2025, resigned 31 January 2026 J. Crossley reappointed 1 February 2026 Secretary M. Holland resigned 9 May 2025 Bursar M. Holland resigned 9 May 2025 R.M Thompson reappointed 9 May 2025, retired 31 August 2025 H. Brooks appointed 1 September 2025
Page 1
Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
Charity O�ice/Registered O�ice:
Wharfedale Lodge 11 Ben Rhydding Road Ilkley LS29 8RL Website: http://www.moorfeldschool.co.uk
Advisers
Bankers: Barclays Bank Plc 10 Market Street, Bradford, BD1 1NR Auditors: Forrest Burlinson 20 Owl Lane, Dewsbury, WF12 7RQ Solicitors: Squire Patton Boggs Park Lane, Leeds, LS3 1ES Investments: JM Finn & Co 33 Park Place, Leeds, LS1 2RY
Purpose and Objectives
between two and eleven years of age. The charity has the following core aims and values: We o�er excellence in education inspiring kindness, confidence and creativity. This is achieved by:
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Nurturing and celebrating every individual, meeting and valuing them at their individual stage of development;
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Providing a calm and purposeful academic environment where each pupil can make excellent progress from their level of ability;
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Enabling children to shine through a rich creative curriculum and a multitude of additional opportunities above and beyond others;
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Building character to facilitate curiosity, independence, kindness, perseverance, resilience and good humour.
public benefit in deciding the activities and operations of the charity. We trust that this report, together with the information on www.moorfieldschool.co.uk, demonstrates our commitment to complying with the guidance when exercising duties.
Page 2
Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
Bursaries and Hardship Awards
It is a priority to extend such opportunity to as many pupils as we can, widening access to families who ordinarily would be unable to a�ord a private education. We have continued, through means-tested bursaries, to o�er places to children whose parents feel they would benefit from an education at Moorfield. During the year there were 24 children across the school who received financial assistance.
Academic Progress
Every child makes academic progress, being valued and considered as an individual and stretched within their level of ability. Children work hard to make personal gains both academically and socially within this space of acceptance. Specialised support for intervention groups and individuals enables everyone to achieve their potential.
currently the highest rating from the Independent Schools Inspectorate, in our 2024 inspection.
Academic progress is assessed through annual GL assessments. For the end of the academic year on average, pupils were achieving well above national average (at least 25% higher) for English and Maths across all year groups.
Our EYFS achieved 100% pass rate for Good Level of Data at the end of Reception for all 17 areas of learning, compared to a national average of 68.3%. This department is vibrant and engaging, preparing the children for their future key stages and instilling a desire to learn from, and adapt to, the world around them.
Century Tech A.I. platform supports and challenges in the core subject areas of Mathematics, English and Science and provides additional learning opportunities both inside the classroom and, importantly, at home.
assistants who work alongside the class teachers; with both o�ering focus 1:1 and small group interventions, where appropriate.
The broad curriculum gives rich opportunities in music, drama, art and sport. Children perform at concerts and festivals both within school and the wider community. The musical opportunities given, and standards achieved, lead to many pupils receiving distinctions in music exams.
many achieving distinctions in LAMDA examinations and musical theatre examinations. Multiple awards have been received in music; 14 instrument exams up to grade 4, 22 musical theatre exams up to grade 5 and 10 LAMDA awards up to grade 3. Moorfield School pupils performed in both Wharfedale and Skipton Festivals, with many top placings.
Page 3
Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
Sport is enjoyed in lessons, clubs and playtimes. Fixtures for boys and girls give competition in rugby, cricket, cross country, hockey, netball and football. We participate in the local cross country league and were thrilled that one of our year 6 students won 1[st] place for her year group across the season, whilst also finishing 2[nd] in the Bradford Primary School Inter-League Cross Country.
life and fun into this central pillar of school life.
Care and Empathy for Others
Strong pastoral care develops our pupils and secures their wellbeing. A school ethos which encourages care and empathy for others enables positive outcomes in the community and beyond. Social responsibility is one of our key values and we urge our children to consider the needs of others and put thoughts into actions. Buying Christmas presents through Traidcraft not only raised a generous sum for the charity but also taught our children the benefit of supporting workers in the third world. Once again, our link with the Revival School in Matugga, Uganda has given our children a renewed sense of values, with Bishop Ivan again visiting Moorfield in June 2025. Our pupils participated in a number of fundraising activities during the year, including Children in Need, YoungMinds, and donated a substantial number of items to Homeless Hampers who work alongside local foodbanks such as Bradford Central Food Bank. The school continued with fundraising for MND through the Waterland Walk, raising £988.
and donated gifts for children in this area, with over 100 gifts distributed by the charity. We have participated in the Mental Health Awareness Day to raise awareness of mental well-being in school, along with developing a mental health school policy.
Community and Outreach
sports groups. Our music sta� run three choirs on weekends, which are open to all in the area, and these are very well attended.
Our outreach to the local community also includes projects, such as ‘Music and More’, run by our Early Years sta� on a weekly basis for children aged 18 months to 4 years old. These projects allow parents to bring their children for a mixture of music and songs, stories, and play sessions in our nursery and bushcraft areas. We use these sessions to o�er support to parents who would like advice on early education and child development issues.
During the holidays, sta� run activity weeks for both pupils and children in the local community. The range of activities are broad and include bushcraft, sport, art, baking and drama. All activity weeks are well supported.
Page 4
Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
Ilkley Town Football Club use our all-purpose sports pitch to host weekly under-5 coaching sessions for boys and girls in the surrounding area.
This year we have continued to o�er the opportunity, for children in the area applying to independent senior schools, to complete a ‘mock’ entrance exam and we are the only school to o�er this. Children attended from a range of di�erent schools. The materials, invigilating, marking, assessment and feedback was all provided by Moorfield sta�, supported by senior admissions sta� at Bradford Grammar School.
Reinvestment in Facilities
We have continued to develop the school in many areas to provide an inspirational education and a happy childhood experience for all our pupils.
The summer holiday saw the renovation and restoration of our beautiful Victorian dining hall. At the centre of our school community, a hosting space for parents and visitors, this is now a room transformed, bringing this special gathering space back to its former glory.
The multi-purpose sports pitch has been fully resurfaced to enable its use all year round as part of Moorfield’s outdoor education operations and a space to o�er to our local community.
Summary of Achievements
A summary of our achievements during the reporting year:
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Strong academic achievement throughout the school evidenced by pupils achieving well above the national average in GL Assessments for both Maths and English;
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100% pass rate in 11+ entrance examinations;
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encryption techniques and wind turbines
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Football, Netball, Dance, Fitness and Running clubs after school
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Continuation of the Music Practice clubs and the introduction of Craft club and Clay club (using our own kiln)
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Robotics club, Coding club and Electronics club
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Weekly trips and visits, including residentials from Year 3 to Year 6;
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Increase in the number and range of after school clubs provided allowing wider provision for more of the children in school.
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Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
Financial Review
The imposition of VAT on independent school fees from January 2025, together with the increased cost implications from the loss of business rates relief, increases to the National Living Wage and adjustments to the Employers’ National Insurance threshold, has presented challenges for both families and the School. Trustees were mindful of the potential impact on families and worked with School leadership to balance a�ordability. Maintaining our excellent educational provision has remained the priority whilst ensuring financial resilience. Financial planning has been strengthened, fee changes were communicated clearly to parents, and e�iciency measures are being implemented. Trustees will continue to monitor these cost pressures and their implications for pupils, sta� and the School’s longterm outlook.
The school fee income for the year was £961,063 (2024: £1,035,852) after deducting Bursary and Hardship Awards of £110,296 (2024: £107,610), representing 10% of total fee income.
£18,266).
year was £47,540 (2024: a surplus of £34,937).
General funds at the end of the period were £1,268,459 (2024: £1,316,446). This includes £986,703 that could only be realised by disposing of tangible fixed assets. Free reserves are £281,756 (2024: £308,935).
Investment Policy and Performance
The school policy is to invest retained surpluses in premises and facilities to support the development of the school, whilst ensuring that su�icient reserves are held to meet any contingencies as they arise. The trustees continue to monitor the situation closely to ensure that su�icient reserves are available to meet potential threats to future income.
Investment activities are managed in line with the requirements of the Trustee Act 2000. The Governors employ JM Finn as investment manager. Our investment policy is a medium-risk approach for the growth of the portfolio of investments. Investments stood at £279,846 (2024: £318,295). The portfolio is made up of equities, equity funds, cash and fixed interest holdings. The Trustees utilised £50,000 of investment savings during the year to support the School’s operations. The remaining investment balance continues to provide an important element of financial resilience, and Trustees are satisfied that the School retains adequate reserves to meet its ongoing needs and foreseeable commitments.
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Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
Objectives for the Year Ahead
The new Head intends to review the curriculum and invest in developments to ensure we go above and beyond the Charity’s aims and purpose.
Sport is a current area of expansion; collaborations are being formed with local sports clubs to share facilities and enable Moorfield to improve its o�ering.
There is an intention to engage more with our local community through sharing the facilities we are lucky enough to possess, such as our sports pitch, minibus and hall. Moorfield will also continue community work involving our choir, such as singing in local nursing homes.
for a new bursary scheme to be launched in our centenary year is an area for future focus.
The school plans to increase its marketing activity in both scope and geographical area. Using our minibus to assist with morning travel, we intend to extend the route towards Lancashire to extend our recruitment catchment.
Safeguarding continues to be a priority, and we remain committed to keeping all training and knowledge as current and broad as possible.
Correct governance, including an awareness and understanding of our sector and the pressures both now and in the coming decades for independent education, is essential. Governors have recently developed a risk strategy which has been included in the audit of our accounts and illustrates our dedication to managing this. Our future plans are financed primarily from fee income and from our reserves. The Governors need to maintain an equitable balance, ensuring our current pupils benefit, whilst preserving a sound infrastructure and financial base for many future generations of Moorfield pupils.
Structure, Governance and Management
The Charity is a company limited by guarantee and not having a share capital is governed by its Memorandum and Articles of Association dated 6 April 1965 and last amended on 17 September 2019.
The directors of the Charity are its trustees for the purposes of charity law and throughout this report are referred to as the trustees. The trustees as Charity Trustees have control of the Charity and its property and funds.
Each member undertakes to contribute to the assets of the Charity in the event of the Charity being wound up, to a limit not exceeding £5 (five pounds).
The members of the Charity are its trustees and those named at the beginning of this document have served throughout the year except where indicated.
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Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
The governing body assesses to ensure the board has the necessary skills and experience to carry out its duties e�ectively and e�iciently. New trustees undergo an induction process into the workings of the board, the school, and the Charity as a limited company. This includes discussion with the Chair, the Head and provision of appropriate documentation. Trustees are required to undertake all training appropriate to their role. Records are kept up to date of this training, such as Keeping Children Safe in Education and Prevent Duty. Trustees must read, understand, and comply at all times with the Charity Commission “the essential trustee”, the AGBIS “guidelines for governors” and the IAPS “governance code”, along with completing a declaration of interest form and familiarising themselves with all school policies.
Responsibility for the management and organisation of the school rests with the trustees, who meet at least once each term. The Finance Committee meets twice a year. In addition, Governors with specific responsibilities come into school as appropriate to keep themselves fully informed and to discharge their duties. The running of the school on a day-to-day basis is delegated to the Head and the Senior Leadership Team, in which the Bursar plays a key role.
The Head was a member of IAPS - The Independent Association of Preparatory Schools – and has currently reapplied for such, after returning to the role recently. This is a professional association for Heads of the leading 600 independent prep schools in the UK and worldwide. All members are independent with their own ethos for the School they lead, committed to delivering an excellent wellrounded education to pupils, whether by stretching out to the brightest pupils or dedicating special support and resources to those with a particular need.
Our Bursar and Chair of Governors are member of AGBIS – Association of Governing Bodies of Independent Schools – and ISBA – Independent Schools’ Bursars Association. IAPS, AGBIS and ISBA provide advice, support and model documentation for ideal management and governance of Schools such as Moorfield. Their forums o�er networking connections, current knowledge, shared best practice and regular training opportunities. Membership of these bodies serves to illustrate our commitment to ensuring a broad understanding of the sector and compliance with all relevant legislation.
Risk Management
The trustees have produced an up-to-date risk register for the School, considering current challenges in the sector, our local community, and the wider economy. Major risks considered include financial stability, health and safety, safeguarding, workforce, data security, major incidents, and legal & regulatory. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
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Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
The introduction of VAT on independent school fees from January 2025, along with increasing payroll costs and loss of business rates relief, represent ongoing challenges. Trustees have considered the potential impact on demand, income and cost structures and are implementing mitigation strategies.
New procedures being integrated in 2026:
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Departmental budgets
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Bursar control over day-to-day sundry/requisite purchases
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More detailed accounting
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Bursar/Head sign-o� on all expenditure
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Monthly meetings between the Bursar and the Chair of Governors to keep a close eye on management accounts, cost centres, debtors and relevant issues
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Fortnightly meetings between the Head and Chair of Governors
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Close debtor control
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Forensic analysis of historic and existing expenditure
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Review of all contractual obligations
Statement of Trustees' Responsibilities
responsible for preparing the Trustees' Annual Report (incorporating the directors' report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
true and fair view of the income and expenditure of the charitable company for that period.
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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that the charitable company will continue in business.
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Trustees’ Annual Report for the year ended 31 August 2025 (incorporating the Directors’ Report)
Company registration No. 00844804 Charity registration No. 529112
The trustees are responsible for keeping adequate accounting records that are su�icient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Articles of Association.
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
may di�er from legislation in other jurisdictions.
Statement of Disclosure to the Auditors
In so far as the trustees are aware at the time of approving our Trustees' Annual Report:
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there is no relevant information, being information needed by the auditors in connection with preparing their report, of which the charity's auditors are unaware; and
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each trustee, having made enquiries of fellow trustees and the charity's auditor that they ought to have individually taken, have each taken all steps that he or she is obliged to take as a trustee/director in order to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
This report was approved by the trustees on 10 March 2026 and signed on their behalf by:
……………………………………………
A. Rhodes Chair
Page 10
Moorfield School Limited Independent Auditor's Report to the members of Moorfield School Limited for the year ended 31 August 2025
Company Registration No. 0844804
Charity Registration No. 529112
Opinion
We have audited the financial statements of Moorfield School Limited for the year ended 31 August 2025 which comprise the Statement of Financial Activities and Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements:
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l 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 applications of resources, including its income and expenditure, for the year then ended;
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l have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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l have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 to our audit of the financial statements in the UK, including the FRC's Ethical Standard and the provisions available for small entities, in the circumstances set out in note 19 to the financial statements, 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 to provide a basis for our opinion.
Emphasis of matter - going concern
In forming our opinion on the charitable company's financial statements, which is not modified, we draw your attention to the trustees' consideration of the going concern basis of preparation in note 1.4 to the financial statements.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have agreed with the trustees' statement referred to above that the only material uncertainties that have been identified are in relation to worse-case scenarios that in adverse circumstances could, individually or collectively, cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the related sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements,
Page 11
Moorfield School Limited Independent Auditor's Report to the members of Moorfield School Limited for the year ended 31 August 2025
Company Registration No. 0844804
Charity Registration No. 529112
we are required to determine whether this gives rise to a material misstatement in the financial statements themselves or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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l the information given in the trustees' report, which includes the directors' report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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l the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the 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 included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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l adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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l the financial statements are not in agreement with the accounting records and returns; or
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l certain disclosures of trustees' remuneration specified by law are not made; or
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l we have not received all the information and explanations we require for our audit; or
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l the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report included within the trustees' report and from the requirement to prepare a strategic report.
Responsibilites of trustees
As explained more fully in the Trustees' Responsibilities Statement (set out on page 9), the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements 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 financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements 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 financial statements.
The extent to which the audit was considered capable of detecting irregularities including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
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Moorfield School Limited Independent Auditor's Report to the members of Moorfield School Limited for the year ended 31 August 2025
Company Registration No. 0844804
Charity Registration No. 529112
To help us identify instances of non-compliance with laws and regulations that might have a material effect on the financial statements, and in identifying and assessing the risks of material misstatement in respect to non-compliance, or procedures included, but were not limited to:
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l Making enquiries of management as to whether the charitable company is in compliance with laws and regulations, and discussing their policies and procedures in this respect;
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l Inspecting correspondence, if any, with relevant licensing or regulatory authorities;
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l Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and
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l Considering the risk of acts which were contrary to applicable laws and regulations.
We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation, the Charities Act 2011 and the Companies Act 2006. Based on our understanding of the charitable company and its sector, we identified the principal risks of non-compliance with laws and regulations related to Charity Law and Safeguarding. We considered the extent to which non-compliance might have a material effect on the financials statements.
In addition, we evaluated the trustees' and management's incentives and opportunities for fraudulent manipulation of the financial statements including the risk of override of controls and determined that the principal risks were related to the size of the organisation (being small means less opportunity for segregating duties and oversight) and significant one-off or unusual transactions.
Our audit procedures in relation to fraud included but were not limited to:
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l Making enquiries of management on whether they had knowledge or any actual, suspected or alleged fraud;
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l Gaining an understanding of internal controls established to mitigate risks related to fraud;
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l Discussion amongst the engagement team around the risks of fraud;
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l Evaluating and responding to the high risk of management override of controls by performing suitable tests over areas such as accounting entries;
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l Substantively testing areas suspectible to fraud and manipulation, such as revenue recognition.
There are inherent limitations in our audit procedures. Auditing standards limit the audit procedures to identify non-compliance with laws and regulations, the further that particular laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
As with any audit, there remains a risk of non-detection of irregularities, as these can involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.
The primary responsibility for the prevention and detection of irregularities, including fraud, rests with the trustees.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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 Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
17 March 2026
……………………………………………………..………………………….…………….. Ebrahim Suleman (Senior Statutory Auditor) for and on behalf of Forrest Burlinson, Statutory Auditor
20 Owl Lane Dewsbury WF12 7RQ
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Company Registration No. 0844804 Charity Registration No. 529112
Moorfield School Limited
Statement of Financial Activities and Summary Income and Expenditure Account for the year ended 31 August 2025
----- Start of picture text -----
Total Total
Unrestricted Restricted funds funds
Note funds funds 2025 2024
£ £ £ £
Income from:
Donations and legacies
Gifts and donations 7,683 1,636 9,319 980
Charitable activities:
Operation of Moorfield School 2 1,101,129 -- 1,101,129 1,179,881
Investment income 3 4,780 -- 4,780 7,059
Total income 1,113,592 1,636 1,115,228 1,187,920
Expenditure on:
Raising funds:
Investment management costs 3,460 -- 3,460 3,610
Charitable activities:
Operation of Moorfield School 4 1,168,476 1,189 1,169,665 1,169,186
Total expenditure 1,171,936 1,189 1,173,125 1,172,796
Net income/(expenditure) before gain/(losses)
on investments: (58,344) 447 (57,897) 15,124
Net gains/(losses) on investments 5 10,357 -- 10,357 19,813
Net income/(expenditure) (47,987) 447 (47,540) 34,937
Transfers (266) 266 -- --
Net movement in funds 6, 15 (48,253) 713 (47,540) 34,937
Reconciliation of funds:
Total funds brought forward 1,317,377 317 1,317,694 1,282,757
Total funds carried forward 1,269,124 1,030 1,270,154 1,317,694
----- End of picture text -----
There were no recognised gains or losses in either year other than those included in the Statement of Financial Activities. All income and expenditure derives from continuing activities.
Page 14
Moorfield School Limited Balance Sheet as at 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
----- Start of picture text -----
Unrestricted
Total Total
2025 2024
Note £ £
Fixed assets:
Tangible fixed assets 11 986,703 1,007,511
Investments 12 279,846 318,295
Total fixed assets 1,266,549 1,325,806
Current assets
Debtors 13 135,206 82,629
Cash at bank and in hand 78,745 84,724
Total current assets 213,951 167,353
Creditors: amounts falling due within one year 14 210,346 175,465
Net current assets/(liabilities) 3,605 (8,112)
Total assets less current liabilities 1,270,154 1,317,694
Net assets 1,270,154 1,317,694
Funds of the charity:
Restricted funds 15 1,030 317
Unrestricted income funds 15 1,269,124 1,317,377
Total charity funds 1,270,154 1,317,694
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The notes on pages 17 to 25 form part of these accounts.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The financial statements were approved by the Board on 10 March 2026 and signed on their behalf by:
……………………………………………
A. Rhodes Trustee/Director Company Registration No. 0844804
Page 15
Moorfield School Limited Statement of Cash Flows for the year ended 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
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Total Total
2025 2024
£ £
Cash flows from operating activities
Net income/(expenditure) (47,540) 34,937
Add back depreciation charge 22,232 29,256
(Gains)/losses on disposal of tangible fixed assets - 997
-
VAT recovered on prior year assets (pre registration) 6,962
(Gains)/losses on investments (10,357) (19,813)
Investment income (4,780) (7,059)
Decrease (increase) in debtors (52,577) (18,533)
Increase (decrease) in creditors 34,881 83,517
Net cash generated from/(used in) operating activities (51,179) 103,302
Cash flows from investing activities:
Investment income 4,780 7,059
Purchase of tangible assets (8,386) (69,627)
Proceeds from sale of investments 396,762 109,783
Purchase of investments (347,956) (111,511)
Net cash provided by (used in) investing activites 45,200 (64,296)
Change in cash and cash equivalents in the reporting period (5,979) 39,006
Cash and cash equivalents at the beginning of the period 84,724 45,718
Cash and cash equivalents at the end of the period 78,745 84,724
Reconciliation of cash and cash equivalents
Bank and cash in hand 78,745 84,724
Total cash and cash equivalents 78,745 84,724
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Page 16
Moorfield School Limited Notes to the financial statements for the year ended 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
1 Accounting Policies
The charitable company is a public benefit entity as defined by FRS 102.
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
1.1 Basis of preparation of accounts
The financial statements have been prepared in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' - the Charities SORP (FRS 102); the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
Assets and liabilities are recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
As the charitable company does not trade for profit, the trustees have taken advantage of Section 474 of the Companies Act 2006 and have prepared an income and expenditure account instead of a profit and loss account.
1.2 Legal status
The charity is a company limited by guarantee registered in England. The members of the charity are the Governors.
In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per member.
The trustees of the charity are as listed in the Trustees Annual Report.
The registered office is: Wharfedale Lodge, Ben Rhydding Road, Ilkley, Leeds, LS29 8RL.
1.3 Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
There are no judgements (apart from those involving estimations) that management has made when applying the charity's accounting policies that have a significant effect on the amounts recognised in the financial statements.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows.
Determining residual values and useful economic lives of tangible fixed assets. The charity depreciates tangible assets over their estimated useful lives. The estimate of the useful lives of tangible assets is based on historic performance as well as expectations of future use. Assumptions of the future use of assets are made by relating the assets to the future plans of the charity.
Page 17
Moorfield School Limited Notes to the financial statements for the year ended 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
1.4 Going concern
The financial statements have been prepared on the basis that the charity can continue as a going concern for at least 12 months from the date of approval. In reaching this conclusion, the Trustees have applied judgements regarding pupil numbers, fee income, staffing, and expenditure.
Financial forecasts have been prepared on prudent assumptions and include sensitivity analysis.
The charity is dependent on pupil fees, which are expected to continue at planned levels.
The Trustees have considered downside scenarios and have identified material uncertainties that could in adverse conditions mean mitigating actions are required, particularly once we get to the financial year commencing September 2026, and are satisfied that the charity has, or can generate, sufficient resources to meet these challenges.
There have been no significant post-balance sheet events affecting this assessment. Accordingly, the Trustees are confident that the charity has adequate resources to continue in operational existence, and the financial statements have been prepared on a going concern basis.
1.5 Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds comprise unrestricted funds that the trustees have decided at their discretion to set aside for a particular purpose. The aim and use of each designated fund (if any) is set out in these notes. Restricted funds are subject to restrictions on their expenditure through the terms of a donation or contractual agreement. The purpose and use of each restricted fund (if any) is set out in these notes.
1.6 Income
Income is recognised when the following criteria are met:
-
the charity has entitlement to the funds;
-
any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity;
-
it is probable that the income will be received; and
-
the amount can be measured reliably.
Income from donations includes amounts collected for charitable causes that are in the care of the charity and where applicable these are recognised as restricted funds.
Fees and other charges are included based on those billed for the school year.
Income from grants, whether capital grants or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Donated services and facilities are included at the value to the charity where this can be quantified. In accordance with the Charities SORP (FRS 102) the economic contribution of volunteers' time is not measured in the accounts.
Income received in advance of the provision of a service or entitlement is deferred until the criteria for income recognition are met and disclosed if material in the notes to the accounts.
Income from investments is included when receivable and the amount can be measured reliably, this is normally upon notification of the income by the investment manager.
Page 18
Moorfield School Limited Notes to the financial statements for the year ended 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
1.7 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure of charitable activities includes the costs of operating Moorfield School, such as premises expenses, staff costs and associated support costs.
Expenditure is summarised under functional headings either on a direct cost basis or for overhead costs, apportioned according to management's estimation of staff time involved.
All costs and expenses include VAT where charged which is not recoverable by the charity.
1.8 Operating leases
The charity classifies the leasing of printing and photocopying equipment as operating leases. The title to the equipment remains with the lessor and the equipment is replaced considerably before the end of the normal economic life of the equipment. Rental charges are recognised as expenditure on a straight line basis over the term of the lease. Any lease incentives are recognised as a reduction to the expense over the period of the lease.
1.9 Taxation
No corporation tax has been provided in these accounts because the trustees believe that the income and gains of the charity are within the exemptions granted by Chapters 2 and 3 of the Corporation Tax Act 2010.
1.10 Depreciation
Tangible assets are stated at cost less any accumulated depreciation and impairment losses. Depreciation was provided on all tangible fixed assets, at the rates below. No depreciation is provided with respect to land. The directors are of the opinion that the residual value of the buildings will be at least as much as the original cost, so the economic cost is negligible and no depreciation has been provided. Depreciation rates were as follows:
Motor vehicles 25% reducing balance method Fixtures and fittings 20% reducing balance method IT equipment straight line over 3 years
1.11 Investments
Investments are stated at fair value (market value) at the reporting date. All material investments held are within a professionally managed portfolio and have readily available market values.
1.12 Debtors
Debtors are recognised at the settlement amount due after any discount offered.
1.13 Cash at bank and in hand
Cash at bank and in hand includes cash and deposit accounts.
1.14 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.
Page 19
Moorfield School Limited Notes to the financial statements for the year ended 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
1.15 Financial instruments
The charity has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently at their settlement value.
1.16 Pensions
Retirement benefits to employees are provided by Teachers' Pensions (TP), which is a defined benefit scheme. The TP scheme is unfunded and contributions are calculated so as to spread the cost of pensions over employees' working lives in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quadrennial valuations using a prospective unit credit method. TP is an unfunded multiemployer scheme with no underlying assets to assign between employers. Consequently, the TP scheme is treated as a defined contribution scheme for accounting purposes and the contributions recognised in the period to which they relate.
The charity also pays contributions to an auto enrolment scheme operated by Royal London, this is a defined contribution scheme whereby the contributions are recognised in the period to which they relate. The contributions paid to each staff pension scheme are outlined in note 10.
| 2 Income from charitable activities Unrestricted Restricted Unrestricted funds 2025 Operation of the Moorfield School: £ Gross school fees 1,071,359 less: bursaries and scholarships (110,296) Net school fees 961,063 Add: Other fees and charges 127,161 Hire of rooms and concerts 355 Sundry income 12,550 Total income from charitable activities -- 1,101,129 3 Investment income Unrestricted Restricted Total 2025 £ £ Income from investments 3,218 Bank interest receivable 1,562 -- 4,780 4 Expenditure on operating Moorfield School Unrestricted Restricted Total Total Total 2025 2025 2025 £ £ £ Teaching costs 769,746 -- 769,746 Welfare costs 96,499 -- 96,499 Premises costs 122,560 -- 122,560 Support costs 179,671 -- 179,671 Charity collections -- 1,189 1,189 1,168,476 1,189 1,169,665 |
Total 2024 £ 1,143,462 (107,610) 1,035,852 138,365 265 5,399 1,179,881 Total 2024 £ 5,325 1,734 7,059 Total 2024 £ 754,007 97,690 109,613 204,007 3,869 1,169,186 |
|---|---|
Page 20
Moorfield School Limited Notes to the financial statements for the year ended 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
| 5 | Net gains/(losses) on investments | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Net realised gains/(losses) on investments | 50,200 | (18,336) | |||
| Net unrealised gains/(losses) on investments | (39,843) | 38,149 | |||
| 6 | Net movements in funds for the year | 10,357 | 19,813 | ||
| 7 | Net movements in funds for the year is stated after charging: Total Total 2025 2024 £ £ Operating leases - equipment 1,778 4,033 Depreciation 22,232 29,256 Loss on disposal of tangible fixed assets -- 997 Auditors' remuneration: Audit fees 5,000 5,000 Accountancy services 1,420 2,205 Support costs All support costs are incurred in the charity's one charitable purpose, operating Moorfield School. Total Total 2025 2024 £ £ Support staff salaries 74,567 78,648 Other support costs 75,622 84,729 Legal and professional fees 830 3,172 Accounting fees 1,420 2,205 Audit fees 5,000 5,000 Depreciation 22,232 29,256 Loss on TFA disposals -- 997 |
||||
| 8 | 179,671 Employees The average monthly head count and the full time equivalent of employees was: 2025 2025 Number FTE Teaching staff (No. staff members) 25 17 Premises (No. staff members) 15 5 Administration staff (No. staff members) 3 2 |
2024 Number 23 18 3 |
204,007 2024 FTE 17 6 2 |
||
| 43 | 24 | 44 | 25 |
Page 21
Moorfield School Limited Notes to the financial statements for the year ended 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
The cost in respect of administration and teaching staff was:
| note Wages and salaries Social security costs Employer's contribution to pensions |
Total 2025 £ 700,180 53,423 134,229 887,832 |
Total 2024 £ 713,390 51,001 109,781 874,172 |
|---|---|---|
No employee had emoluments exceeding £60,000 in the year or the comparative year. Total paid to key management in the year was £76,175 (2024: £77,715).
9 Trustee remuneration
No remuneration or expenses were paid to any trustee in the year for duties as a trustee.
10 Staff pensions
Employer contributions to Teachers' Pensions was £61,900 (2024: £82,665).
Teachers' Pensions (TP) is a statutory, contributory, defined benefit scheme, governed by the Teachers' Pension Scheme Regulations 2014. Membership is automatic for teachers, including (from 1 January 2007), teachers in part-time employment following appointment or a change of contract, although they are able to opt out. TP is an unfunded scheme and members contribute on a 'pay as you go' basis, these contributions along with those made by employers are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.
The school also operates a contributory pension scheme operated by Royal London, employer contributions to this scheme were £58,751 (2024: £27,116).
11 Tangible fixed assets
| Cost as at 1 September 2024 additions disposals as at 31 August 2025 Depreciation as at 1 September 2024 charge for the year eliminated on disposals as at 31 August 2025 Carrying amount at 31 August 2025 at 31 August 2024 |
Land and Fixtures IT Motor buildings and fittings equipment vehicles Total £ £ £ £ £ 890,946 359,024 82,297 32,867 1,365,134 8,386 8,386 (5,295) (1,666) (6,961) 890,946 362,115 80,631 32,867 1,366,559 255,133 72,355 30,135 357,623 16,283 5,267 683 22,233 271,416 77,622 30,818 379,856 890,946 90,699 3,009 2,049 986,703 890,946 103,891 9,942 2,732 1,007,511 |
|---|---|
Page 22
Moorfield School Limited Notes to the financial statements for the year ended 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
| 12 Investments Market value at 1 September 2024 Additions to investments at cost Disposals Net gain/(loss) on revaluation Market value at 31 August 2025 Historical cost Classes of investments: Managed portfolio: UK Government bonds Other fixed interest Equities Cash All the above are managed and held in the UK. 13 Debtors due within one year Trade debtors Prepayments and accrued income 14 Creditors amounts falling due within one year Trade creditors Social security and other taxes Deferred income Accruals Other creditors Deferred income As at 1 September 2024 Amount released to income Amount deferred in the year As at 31 August 2025 |
Listed investments Cash Total £ £ £ 313,515 4,780 318,295 344,758 3,198 347,956 (346,561) (346,561) (39,844) (39,844) 271,868 7,978 279,846 268,467 7,978 276,445 Total Total 2025 2024 £ £ -- 137,461 -- 26,965 271,868 149,089 7,978 4,780 279,846 318,295 Total Total 2025 2024 £ £ 78,807 62,099 56,399 20,530 135,206 82,629 Total Total 2025 2024 £ £ 40,083 5,591 18,967 12,526 68,870 104,406 46,553 21,152 35,873 31,790 210,346 175,465 Total Total 2025 2024 £ £ 104,406 46,495 (93,156) (30,175) 57,620 88,086 68,870 104,406 |
|---|---|
Income is deferred where it is received in advance for fees due in the following financial period and for deposits which are offset against future fees.
Page 23
Moorfield School Limited Notes to the financial statements for the year ended 31 August 2025
Company Registration No. 0844804 Charity Registration No. 529112
15 Analysis of charitable funds ANALYSIS OF MOVEMENTS IN UNRESTRICTED FUNDS
| Funds as at | Gains/ | Funds as at | ||||
|---|---|---|---|---|---|---|
| 1 September | Income | Expense | (losses) | Transfers | 31 August | |
| 2024 | 2025 | |||||
| £ | £ | £ | £ | £ | £ | |
| General fund | 1,316,446 | 1,113,592 | (1,171,936) | 10,357 | -- | 1,268,459 |
| Designated funds: | ||||||
| General charity | ||||||
| collections | 931 | -- | -- | -- | (266) | 665 |
| Total unrestricted | ||||||
| funds | 1,317,377 | 1,113,592 | (1,171,936) | 10,357 | (266) | 1,269,124 |
The General fund is the principal fund of the charity. The income produced is used to support the work of Moorfield School.
The General charity collections fund represents collections by the school to make donations to other charities. Donations for specific causes are included within restricted funds below.
Analysis of movements in unrestricted funds - prior year
| Analysis of movements in unrestricted funds - prior year | Analysis of movements in unrestricted funds - prior year |
|---|---|
| Funds as at Gains/ Funds as at 1 September Income Expense (losses) Transfers 31 August |
|
| General fund | 2023 2024 £ £ £ £ £ 1,278,367 1,187,193 (1,168,927) 19,813 -- 1,316,446 |
| Designated funds: | |
| General charity | |
| collections | 1,298 -- -- -- (367) 931 |
| Total unrestricted | |
| funds | 1,279,665 1,187,193 (1,168,927) 19,813 (367) 1,317,377 |
| ANALYSIS OF MOVEMENTS IN RESTRICTED FUNDS | |
| Funds as at Gains/ Funds as at 1 September Income Expense (losses) Transfers 31 August |
|
| NSPCC | 2024 2025 £ £ £ £ £ £ 197 -- -- -- 25 222 |
| Motor Neurone | 120 1,069 (881) -- -- 308 |
| Hello Yellow | -- 163 (181) -- 18 -- |
| Mattuga | -- 275 -- -- 223 498 |
| Children In Need | -- 129 (127) -- -- 2 |
| Total restricted funds | 317 1,636 (1,189) -- 266 1,030 |
These are collections that have taken place for specific charitable causes.
Page 24
Moorfield School Limited
Company Registration No. 0844804 Charity Registration No. 529112
Notes to the financial statements
for the year ended 31 August 2025
| year ended 31 August 2025 | year ended 31 August 2025 | |||||
|---|---|---|---|---|---|---|
| Analysis of movements in restricted | funds - prior | year | ||||
| Funds as at | Gains/ | Funds as at | ||||
| 1 September | Income | Expense | (losses) | Transfers | 31 August | |
| 2023 | 2024 | |||||
| £ | £ | £ | £ | £ | ||
| Macmillan | 625 | -- | (625) | -- | -- | -- |
| Leeds Hospital Bear | 900 | -- | (900) | -- | -- | -- |
| Motor Neurone | 1,057 | 120 | (1,057) | -- | -- | 120 |
| Ukraine | 510 | -- | (510) | -- | -- | -- |
| Principle Trust | -- | 243 | (243) | -- | -- | -- |
| Hello Yellow | -- | 2 | (34) | -- | 32 | -- |
| Mattuga | -- | 165 | (500) | -- | 335 | -- |
| NSPCC | -- | 197 | -- | -- | -- | 197 |
| Total restricted funds | 3,092 | 727 | (3,869) | -- | 367 | 317 |
| 16 Analysis of net assets between funds Funds £ Tangible fixed assets Investments Current assets Creditors falling due within one year Analysis of net assets between funds - prior year Funds £ Tangible fixed assets Investments Current assets Creditors falling due within one year |
General Restricted Fund Fund Total £ £ £ 986,703 -- 986,703 279,846 -- 279,846 212,921 1,030 213,951 (210,346) -- (210,346) 1,269,124 1,030 1,270,154 General Restricted Fund Fund Total £ £ £ 1,007,511 -- 1,007,511 318,295 -- 318,295 167,036 317 167,353 (175,465) -- (175,465) 1,317,377 317 1,317,694 |
|---|---|
17 Related Party Transactions
Where trustees send their children to the school, full fees are charged and no discounts or
concessions are received. Other than this there were no transactions with related parties in the year.
18 Operating lease commitments - lessee
At the reporting date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| Office equipment Not later than 1 year Later than 1 year and not later than 5 years |
2025 £ 2,202 2,202 4,404 |
2024 £ 2,202 4,405 6,607 |
|---|---|---|
19 Auditors' ethical standards
In common with many organisations of our size and nature we use our auditors to assist with preparation of the financial statements and dealing with the tax authorities.
Page 25