REGISTERED COMPANY NUMBER: 01157S90 (England and Wales)
REGISTERED CHARITY NUMBER.. 532262
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
FOR
HIGHFIELD PRIORY SCHOOL LIMITED
MN
'AE01BR2Y'
1510412025
COMPANIES HOUSE
A14
#16
Rushtons
Chartered Accountants
Statutory Audilors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

HIGHFIELD PRIORY SCHOOL LIMrrED
LEGAL AND ADMINISTRATIVE INFORMATION
Governors
D Whitman
EMSAhmed
JA TNaim
BRHall
N Mason
S Moylon
P P Noall
J Southworth
W Hayhurst
A M Flynn
S Magill
Secretary and School Buslne88 Manager
R J Cottom
Headmaster
J Duke BEd Hons
Charlly number
532262
Company number
01157590
R•glstèrèd offlc•
58 FuMfood Row
Fulwood
Preston
Lancashire
PR2 5RW
Audltor
Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Prgslon
Lanca5hiro
PR2 9NB
Bankers
National Wèslminsler Bank PIC
292 Garslang Road
Fulwood
Preston
PR2 9RQ

HIGHFIELD PRIORY SCHOOL LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Page
Roport of the Trustees
Report of the Independent Audltors
Statement of Flnanclal Activities
Balance Sho•t
Cash Flow Statement
Notes to the Cash Flow Statement
Not•s to th• Flnanclal Slatom•nts
10 to 18

HIGHFIELD PRIORY SCHOOL LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Introdu¢tlon
The Board of Governors presents the annual report and the audited financial statements lor the year ending 31 August
2024. All Governors are Directors and Trustees of the charity.
Key Infomiatlon
The school continues to operate as a registered charity {number 532262), providing a high-qualily educalion for boys
and girfs of all backgrounds. Founded in 1940, the school's mission is to advance education and support students.
personal development in a welcoming. familyryoriented environment.
Bursarles and Communlty Engagement
The Governors offer financial support, or bursaries, to help eligible families afford the school fees. The school also
aclively engages with the local communty through various initiatives and events, from charity work to professional
development opportunities lor stsff.
Charltable Actlvltles and Alm$
The main goal is to creale a nurturing environment where children can grow academicalty. socially, and morally. The
school aims to-.
Provide high.qualily educatlon lallored lo individual needs.
Foster respect for diversity.
Promote personal responsibility and a Sense of community.
Support continuous professional development for staff.
Maintain an open and inclusive approach to admissions, welcoming sludenls from all backgrounds.
Objectives for the Year
The primary goals for the year included..
Continuing to provide excellent eduGalion with the best facilities.
Ensuring staff continue lo receive any training and support they need, to carry out thelr roles al a high level.
Preparing students for the next sla9es of their education.
Achlevements and Performance
The academic year 2023-2024 was a very successful year for Hlghfield Priory School. Our students have shown
remarkable growth and progress In Ihelr studies, demonstrating a strong Ihirsl for knowledge and a detemination lo
reach their full polentl81.
Year 6, our NCT r8sulls this year are the best we have ever had al Highfield. Highfield Priory School is already ranked
5th in the country based on our results. Twenty-three children also passed the Grammar Schools examination. which is
among our best results on record,
In October, Highfield Priory School was one of the first s¢h¢)ols in the country to be inspectèd under the new Iramework.
The report was a true ieflection of Hlghfield, with inspectors able to see so much of the school in action and receive
feedback from parents, children, and staff. Thank you for taking the time lo fill in the quèstionnaire.
In summary. the school met all of the Independent School Standards. The report highlights Ihe 8lrenglhs across the
school and is a leslament to Ihe hard work of all the staff, children, and parents. There is a real sense ol community in
the rèport, which describes a safé and secure environment that allows chlldren lo alm hl9h, achleve Ihelr potenllal, and
prepare for the next stage of their lives.
In the sporb'ng arena. our Highfield teams won the Preston Schools Netball competition. came second in Preston
Schools Swimming, Preston School Athletics, and Beech House Athletics, and finished third in the ISA Cricket.
Individuals have also excelled in ballet, synchronized swimming, tennis, and gymnastics this year. Each member of our
Junior School was given the opportunity to compel8 against other Schools in a rang8 of sports. includlng football, rugby,
hockey. netball. and cricket. The$6 opportun51ies hel￿d them build confidence, develop a love for sport, and prepare for
compelilive fixtures at secondary school.
In Ihe performin9 arts, we put on fwe produdions, with every child in the school appearing on stage, continuing to grow
in confidence and self-belief. Our junior pupils havè excelled in their HPSED exams, and over 34 pupils have performed
In a Muslcal Assembly this year.
Our continued excellence in all areas led to Highfield Priory being shortlisted for the TES Independent Preparatory
School of the Year award. This is a great achievement for the sGhool and a true testament to the hard work and support
of our pupils. parents. and teachers.
Our new Nursery building has risen from the ashes this year. 11 has been the source of much excitement in the
playground as the children have watchèd their new Nursèry take shape, witnessing th8 creation, brick by brick, of the
new home our Nursery ¢hildr8n will enjoy in the next academic year.
Page 1

HIGHFIELD PRIORY SCHOOL LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
We bid farewell to a valued membèr of our Highfield community. Mr. Garment stepped down as Govemor after 21 years
as both a parent and a Governor, and Highfiekl owes him a tremendous debt of gratitude for the time, expertise, and
commitment he has shown to our school.
The aGcomplishments that have marked this year will inspire even greater success in the future.
Oevelopmenl and Facllltles
The Governors are focused on improving the school's facilities, with signrficant éfforts direded toward rebuilding the
nursery after the fire. Investments continue in ensurin9 the school has first<lass learning environments.
Financial Reviow
Income increased to £1.95 million.
The school achieved a surplus of £358,256. Excluding insurance monies in rèlation to the nursery building, the
surplus was £7,804. Insurance monies have been re-invested in our new Nursery building.
Strong cash flow management wlth no oulslandlng loans or overdrafts,
R•s•rves Pollcy
The school has free reserves of which are allocated for future facility enhancements and bursary support. The Governors
monitor the reseprfes to ensure financial stability.
Investment and Rl8k Management
The school does not hold monetary inveslmenls, focusing on malnlaining liquidity lo cover day-to4ay needs.
Risks include financial sustainabilily, safeguarding, and the Impact of markel changes. The Governors have
systems in place to manage these risks effectlvely.
Plans for the Futur•
The primary 9oal is to continue providing excellent education by invesling in facilities and resources.
Governance and Management
The school is governed by a Bo8rd of Govemors who are also Truste85. There are currently twelve Governors. including
parents and COwOPted members with relevant skills. Govemors are appointed for their expertise and availability lo Serve
the school
The directors who held office during the year and slnce Ihe year end are detailed below.. -
Name of dlre¢tor
D Whitman
Office held In year
Chair of Govemors, Chair of Strategic
Committee
Vice Chair of Govemors
Chair of H&S Committee
Commlttèès attendèd
STR. FGP
STR
AUD, STR, HS
EMSAhmed
A M Flynn
V Fundiia
W R Garment
W Hayhurst
BRHall
M Illsley
N Mason
S Magill
S Moylon
JA TNaim
P Noall
J Southworth
STR, FGP
STR, FGP
AUD, STR, FGP
Chair of FGP Committee
STR, FGP
AUD, EDU, STR. SCP
Chair of Safeguarding & Child Protection
Chair of Sales & Markaling
Chair ofAudit & Compliance Committee, Chalr AUD, STR, EDU
of Education Committee
Chair ofAudit & Compliance Committee, Chair AUD, STR, EDU
of Education Committee
JR Wood
The committees to which the Governors are appointed are indicated above, as identified using the kay shown below..
AUD
Audit and Compliance
STR
Stralegic Committee
scp
Safeguarding and Child Protection
FGP
Finance and General Purposes Commlttee Ilnc. Marketing)
HS
Health, Safety & Wellbeing
EDU
Education Committee
Pag8 2

HIGHFIELD PRIORY SCHOOL LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Governor Inducllon and Responslbllltles
New govemors are introduced lo the school's operations, legal status as a limited company and registered charity. and
key poliaes. They receive a range of documents. including the Memorandum and Articles of Association. recent
accounts. meeting minutes, and infomiation about their role as trustees. The Chaiman, other Governors, Headmaster.
and School Business Manager provide ongoing support.
The headmaster manages the day-l04ay operations of the school, attending governors. meetings. Governors meal three
times a year lo discuss general policies and review management. Theré are sub<ommiltees for Audit and Compliance,
strategic Plannlng. Finance, Safeguarding. Health and Safety. and Education. Each committee has clear objectives lor
the year.
Key Management Personnel
The Headmaster. School Business Manager, Senior Management Team. and Governors are the key management
personnel. Governors volunteer their lime and don't receive Gompensalion, The Pay Revlew Commlttee sets salaries for
the Head and senior staff, ensuring fair pay In line with sector standards.
Trustees. Responsibilities
Thè trustees (who are also the directors of Highfield Priory School Limited for the purposes of company lawl are
responsible for preparing the Report of the Trustees and the financial slalemenls in accordance with applicab￿ law and
United Kingdom AG¢ounling Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires Ihe trustees to prepare financial statements for each financial year which give a true and fair vlew
of the stale of affairs ol the charitable company and of the incoming resources and application of resources, including the
income and expenditure, of Ihe charitable company for that period. In preparing those financial stslements, the trustees
are required to..
Choose and apply suitable acGounting pollcles
Follow the Charities SORP
Make reasonable and prudenl decisions
Stale whelher UK accounting standards are foll¢)wed
Prepar8 the accounts on the basis of the charity's ongoing operation
The trustees are responsible for keeping proper accounting records which dIscI￿e with reasonablè aecuracy at any time
the financial posllion of the charltable company and to enable them lo ensur8 Ihal the financlal statements comply wlth
Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charltable company and hence for
laking feasonable steps for the prevention and detection of fraud and olher irregularities.
Audltor
Rushtons have been appointed as the school's audilors for the fourth consecutive year.
DSs¢losure of Informallon to auditor
Each of the Iruslees has conflrffled that there Is no information of which they are aware which is relevant to the audit, but
of which the auditor is unaware. They have fLtrlher confirmed that they have taken appropriate steps to identify such
relevant infomiation and lo establish that the auditor is aware of such informalion.
Thls report has been prepared havlng taken advantage of the small companies, exemption In Companles Act 2006.
Report of the trustees. incorporating a slrate9lc report. approved by order of the board of trustees, as the company
directors. on ..1410412025....
and signed on the board's behalf by:
(i(ck
Mrs N Mason - Trustee
Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HIGHFIELD PRIORY SCHOOL LIMITED
Opinion
We have audited the financial statements of Highfield Priory School Limited (the 'charilable company'l for the year endèd
31 August 2024 which comprise the Ststement of Financial Activities, the Balance Sheet, the Cash Flow Statement and
notes lo the financial stalemènts, including a sumrnary of significant accounting policies. The financial reporling
framework that has been applied in their preparalion is applicable law and United Kingdom Accounting Standards
(Unlled Kingdom Generally Accepted Accounting Practice).
In our opinion the financial st818ments:
give a true and fair view of the slate of the charitable company's affairs as at 31 August 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prèpared In accordancè with United Kingdom Genèrally Accepted Accountin9 Practice; and
have been prepared in accordance with the requirements of Ihe Companies Act 2006.
Basls for oplnion
We conductéd our audit In accordance with InternatSonal Standards on Audillng (UK) {ISAs {UK)18nd applicable law. Our
responsibilities under those standards are further described in the Auditors, responsibilities for Ihe audit of the financial
statements section of our report. We are Independenl 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 we have fulfilkd our other ethical responslbilllies in accordance wilh these requirements. We believe that the audit
evidence we have obtained Is sufficient and appropriate to provide a basis for our opinion.
Concluslons r•lallng to golng conc•m
In audillng the financial slalements. we have concluded Ihal the trustees, use ol the going concem basis of accountlng in
the preparation of the financial statements Is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubl on the charitable company's ability to continue as a going
Concern for a peri¢)d ol al least twelve months from when the financial slalements are authorised for issue.
Our responsibilities and Ihe re8ponsibiliti8s of the trustèes with respect to going concem are desGribed in the relevanl
sections of Ihis report.
Other Informatlon
The trustees are responsible for the other information. The other information comprises the infomalion included in Ihe
Annual Report, other than the financial statements and our Report of the Independent Auditors Ihereon.
Our opinion on Ihe financial statements does not cover the other information and. except lo the extent otherwise explicilly
stalèd In our report. we do not express any fom of 8$$urance conclusion thereon.
In connectlon wlth our audlt ol the financial stslements, our responsibllily Is to read the other Snfomiation and, in dolng
so. Consider whether the other information is materially inconsislenl with the financial statements, or our knowled9e
obtained in Ihe audit or otherwise appears to be malerially misstated. If we identify such material inconsistencies or
apparent malerial misstatements, we are required to determine whether this gives rise lo a material misstatement in the
rinancial slalements themselves. If, based on the work wè havè pèrformed, we conclude that there is a material
misstatement of this other information, we are required lo report that fact. We have nothing lo report in this regard.
Oplnlons on other matters pre•crlbed by the Companl•s Acl 2006
In our opinion, based on the work undertaken in the course ol the audit..
the information given in the Report of the Trustees for the financlal year fof which the financial statements are
prepared is consistent with the financial slatements., and
the Report of th8 Trustees has been prepared in acwrdance with applicable leg81 requirements.
Matters on whlch w• are requlr•d to report by èxcèption
In the light of the knowledge and understanding of the charilable company and its environment obtained in the course of
the audit. we have not identified material mis518lements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies A¢t 2006 requires us to report to you
if, in our opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been received from
branches not visited by us. or
the financial statements are not in agreement with the a￿ountIng records ar￿ retums; or
ertain disclosures of truslees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HIGHFIELD PRIORY SCHOOL LIMrrEO
Responsibilities of trustees
As explained more fully in Ihe Statement of Trustees. Responsibilities, the trusteès (who are also the directors of the
charitable company for the purposes of company law} are responsible for the preparation of the financial statement5 and
for being satisfied that they give a true and fair view, and for such internal control as th8 trustees detemiine 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 Ihè charitable company's ability to
continue as a going concem, disclosing. as applicable, matters related to going concern and using Ihe going concern
basis of accounling unless Ihe Iruslees eilher intend lo liquidate the charitable company or lo cease operations, or have
no realisti¢ alternative but to do so.
Our responslbllltles for the audll of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whethèr due to fraud or error, and lo issue a Rèport of thè Indépendént Auditors that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee thal an audit conducted in
accordance with ISAS {UKI will always detect a material misslatemenl when it exists. Misstatemènts can arise from fraud
or error and are considered material if, individually or in the ag9regale, they could reasonably be expected to influence
the economic decisions ol users taken on the basis of these financial statements.
The extent to whlch our procedures are capable of dete¢ting irregularltles, including fraud is detslled below:
Idenllfylng and assésslng pot•ntlal risks r•lated lo irregularities
In identifying and assessing the risks of material misslatemenl In respect of Irregularities, Including Iraud and
non-compliance wllh laws and regulations, we considered 8 number of issues, such as the nature of the charity's
Industry. their control 8nvironment and business performance. We also dlscussèd amongst our engagement team how
and where fraud might occur and any potential indicators of fraud.
We obtained an understanding of ihe legal and regulatory framework that the charity operates in and focussed our
attention on any laws and regulations which mighl be considered as "showsloppers"
We also looked al internal
controls in place al the company, established lo mitigate risks related lo fraud or non-compliance with laws and
regulations.
In response to other identified risks, we reviewed the financial statement di$closure$, we made enquiries of the charity as
lo potential litigation and claims, we performed ana1￿ICal procedures to look for unusual trends or unexpected
relationships and w8 read any available meeting minutes.
We also addressed the rlsk of Iraud through managemenl overrlde of controls by lestlng approprlale loumal entrles and
other adjustments. We also assessed arKounling esllmales and ¢on$ldered any slgnlficant transactions that might be
considered unusual in the normal course of business.
A further description of our rèsponsibililies for the audit of the financial statements is lO￿ted on the Financial Reporting
Council's website at www.frc.org.uklaudilorsresponsibilities. This description fomis part of our Report of the Independent
Auditors.
Us• of our r•port
This report is made solely to the charitable company's members, as a body, in accordan￿ with Chapter 3 of Part 16 of
the Companies Act 2006. Our audil work has been undertaken so that we might stale to Ihe charitable company's
members those mallers we are required to state to them in an auditors. report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility lo anyone olher than the charilable company and the
charitable company's members as a body, for our audit work. for Ihis report, or for the opinlons we have formed.
Adam Calvert ACA (Senior Statutory Audilorl
for and on behalf of Rushtons
Chartered Accountants
Slalulory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preslon
Lancashire
PR2 9N8
1410412025
Date: .....................................
Page 5

HIGHFIELD PRIORY SCHOOL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
1,954,425
1,954,425
1,856,660
other trading aclivili88
Investment income
Other income
23,476
4.427
350,452
23,476
4,427
350 452
19,878
2,714
28,800
Total
2 332.780
2,332,780
1908 052
EXPENDITURE ON
Charitsble activities
1.950,852
1,950.852
1.794,159
Othèr
155 060
Total
1974,524
1974,524
1,949,219
NET INCOMEI(EXPENDITURE)
358.256
358,256
(41,167>
RECONCILIATION OF FUNDS
Total funds brought forward
1.520,137
11,637
1.531.774
1.572.941
TOTAL FUNDS CARRIED FORWARD
1878 393
1,890 030
1,531,774
The notes form parl of these financial statements
Page 6

HIGHFIELD PRIORY SCHOOL LIMITED
BALANCE SHEET
31 AUGUST 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
14
1,897,936
1,897,936
1,164,626
CURRENT ASSETS
Debtors
Cash at bank and in hand
15
39,637
477,341
39,637
488.978
40,652
644,440
516,978
11,637
528,615
685.092
CREDITORS
Amounts lalling due within one year
16
1536,5211
{536,521)
(317,944)
NET CURRENT (LIABILITIES) I ASSETS
19 5431
367,148
TOTAL ASSETS LESS CURRENT LIABILITIES
1.878,393
11,637
1,890,030
1.531,774
NET ASSETS
1.878,393
1.890,030
1,531.774
FUNDS
Share Capital
Unrèslricled lunds
Reslricled funds
20
18
18
13
1,878,393
13
1.520.137
11,837
TOTAL FUNDS
1890 043
1,531 787
The financial statements were approvèd by the Board of Tnjsiees and authorised for issue on
1.11(y4￿￿25'
and were signed on its behalf by:
Darren
D Whitman - Trustee
The notes form part of these financial statements
Pa9e 7

HIGHFIELD PRIORY SCHOOL LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flows from operatlng adlvltle6
Cash generated from operations
660,834
Net cash provided by operating activities
660,834
234,784
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
(820,7231
4.427
(71.592)
Net cash used in investing activities
816 296)
68,878)
Change In cash and cash equlvalents In
the reportlng perlod
Cash and cash •qulvalenls at the
beglnnlng of the reportlng perlod
{155,462>
165,906
644.440
478 534
Cash and cash equlvalenls at the end of
the reportlng period
488,978
644.440
Th8 notes form part of these financial stalements
Pagè 8

HIGHFIELD PRIORY SCHOOL LIMITED
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
RECONCILIATION OF NET INCOMEIIEXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Nèt incomellexp•ndlture) for the rèportlng perlod (as per the
Statement of Flnanclal A¢tfvltles}
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest received
Decrease in debtors
Increase in creditors
358.256
{41,167}
87.413
78.501
114,285
{2,714>
2,832
{4,427)
1,015
218.577
Nel cash provlded by operatlons
660,834
234,784
ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.23
Cash flow
Al 31.8.24
Net cash
Cash al bank and in hand
644.440
155.462)
488.978
644,440
155,462)
488 978
Total
644,440
155.4621
488,978
The notes form part of these financial statements
Page 9

HIGHFIELD PRIORY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CHARITY INFORMATION
Highfield Priory School Limited is a private company limited by shares incorporated in England and Wales. The
re9iStered office is 58 Fulwood Row, Fulwood, Preston, Lancashire, PR2 5RW.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charilable company. which is a public benefit entity under FRS 102, have been
prèpared in accordance with the Charities SORP IFRS 102) 'Accounling and Reporting by Charities: Ststement
of Recommended Practice applicable lo charities preparing their acGounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffeclive 1 January 2019}', Financial
Reportin9 Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statèments are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial slatements are rounded to the nearest £.
Golng concern
Al the lime of approvlng the financial statements. the Injstees have a reasonable expectation that the Gharity has
adequate resources lo conllnue In operallonal existence lor the foreseeable future. Thus, the trustees conllnue lo
adopt the going concèrn basis of accounting in preparing the financial statements.
Income
Income from charitable activities comprises school fees, net of bursaries, and related receipts, accounted for in
the period in which the service is provided. Fees for education lo be provided in the next academic year, are
Carried forward as deferred income in the balance sheet.
Cash donallons are recogni5ed on recglpl, Other don8tlons are recognlsed once the charity has been notlfied of
the donation, unless performance condillons require deferral of th8 amount.
Voluntary income including, gifts and donations received for the general purposes of the charity are included in
unrestricted lunds when received. Where these Comprise of donated fixed assets, they are included at market
value.
Investment Income Is recognised on 8 receivable basis.
Expendltur•
Exp8ndilure is accounts for on an a¢cruals basis, including VAT whi¢h cannot be recovered.
Governance costs comprise the cost$ of running the charity, induding strategic planning for its future
development, extemal audit and all the costs ol complying with conslilutional and statutory requirements, such 8S
the costs of Board and Comrnittee meetings and of preparing statutory accounts and satisfying public
accountsbility.
Support costs and governance costs have been allocated to the charitable acllvllles as there is only one main
activity undertaken by the charity.
Tanglblfr fixfrd assots
Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, net of
depreciation and any Impairment losses. Only items over £150 are capilalised.
Depreciation is recognlsed so as to wrlt8 off the Cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land
Freehold properties
Leasehold land and buildings
Furniture
IT équipmenl
Motor vehicles
1-10°A Straight line
6.67% Straight line
15 /• Reducing balance
250/4 Slraighl line
10•h Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the carrying value of the asset and is recognised in net incomel{expendrture) for the year.
Pa9e 10
continued...

HIGHFIELD PRIORY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES - continued
Taxatlon
The school is a registered charity and as such is entiued to tax exemptions on all its income and gains. propèrly
applied for its charitable purposes.
Charllable funds
Unreslricled funds are availabl8 for use at the discretion of the Irustees in furtherance of their charitable
objectives.
Destgnated fur)ds ¢omprlse hjnds which have been set aslde at Ihe dls¢retion of the trustees for Speclfic
purposes. The purposes and uses of the designated funds are set out in the notes lo the financial statements.
Restricted fijnds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Cash at bank
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid
investrnents with original maturities of three months or18ss, and bank overdrafts.
Flnanelal Instruments
The charlty only had fin8nclal assets (debtors. cash and bank balances) and flnancial liabllllles Icredltots and
accruals) of a klnd Ihal quallfy as basic financlal inslrumenls. Basic financial instruments are initially recognised
at transactlon value and subsequen￿Y mèasurèd at their settlement value.
Employèe benoflts
The cost of any unused holiday entillemenl is recogni5ed in the period In whiGh the employee's services are
received,
Termination benefils are recognised immediately as an expense when the charlly is demonstrably committed lo
termlnate the employment of an employee or to provide terminatlon benefits.
Penslon schème
The Charity contributes to the Teachers. Pension Defined Benefits Schéme al the rates set by the Scheme
Actuary and advised lo the Board by the Scheme Adminislralor. The scheme is a mulli-employer pension
Scheme, and 11 Is not posslble to idenlify the assets and liablllties ol the scheme which are attributable to the
school. Therefore. in accordance with FRS102 the $chemg Is awounted for as a defined conlrlbution schem8
(see note 22).
The Charity also contributes to defined contribution individual personal pension schemes for certain non-teaching
staff al 5Q/o-7.5Q/• of annu81 basic pay. Contributions to both schames are charged in the SOFA as they become
payable in accordance with Ihe rules of the schemes.
L•as•s
Renlals payable charged to the Statement of Financial Activities as incurred over the temi of the lease.
Irrecoverablo VAT
The charity is nol registered for Value Added Tax and accordin9ly expenditure is shown including irrecoverable
Value Added Tax.
OTHER TRADING ACTIVITIES
2024
2023
Hire of school and hall
Other rèoipts
13,061
6,047
13,831
23,476
19,878
Page11
continued...

HIGHFIELD PRIORY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
INVESTMENT INCOME
2024
2023
Inleresl receivable
4,427
2,714
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Gross fees
Less.. bursaries
1,964,787
10.362>
1.870,820
14,160)
1954,425
1856 660
Analysis by fund..
Unrestricted funds
Restricted funds
1,954,425
1,856.660
1954,425
1,856,660
OTHER INCOME
2024
2023
Insuranc8 monies (see note 8)
350,452
28,800
CHARITABLE ACTIVITIES COSTS
2024
2023
Teachlng costs, books and school meals
Non-teaching staff costs
Premises expenses
Depreciation
Governance costs
1.208.583
351,873
291,583
87.413
11.400
1,149,042
323,783
234,043
78.501
8.790
1,950 852
1794.159
Analysls by fund-
Unrestricted funds
Restrlcted funds
1,950,852
1,794,159
1950 852
1794,159
OTHER~ EXCEPTIONAL ITEMS
2024
2023
Cost of demolishing the nursery building
Loss on dlsposal of fixed asset (nursery building)
23.672
40.775
114285
23.672
155,060
During the prior year, the school suffered a deslruclive arson attack which resulted in the nursery building being
destroyed. As a result, the nursery building has been fully demolished, and the asset had been written off in the
2023 accounts.
Included in other income is £350,452 {not8 6). being monies received from the Insurance company in rèspect of
the rebuildin9 costs. Whilst il is expected that the ongoing insurance claim will cover the costs associated with
rebuilding the nursery, the amount is not ￿rtaIn, and therefore it has not been included in the acGounts.
Page 12
continued...

HIGHFIELD PRIORY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENOED 31 AUGUST 2024
NET INCOMEI{EXPENDITURE)
Net incomel(expenditure) is stated after charglngllc￿diting)'.
2024
2023
Depreciation - owned assets
78,500
10.
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees. rèmuneration or other benefits for the year ended 31 August 2024 nor for the year Énded
31 August 2023.
Trust¢o5' expens•s
There were no trustees, expenses paid for the year ended 31 Augus12024 nor for the year ended
31 August 2023.
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslricled
funds
R8strlcl8d
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charltabl• actlvlll••
General
1.856,660
1,856,660
Other tradin9 aclivilies
Investment income
Other income
19,878
2,714
28,800
19,878
2,714
28,800
Total
1908 052
1,908 052
EXPENDITURE ON
Charllable actlvltles
General
1,794,159
1.794,159
Other
155 060
155,060
Total
1 949 219
1949 219
NET INCOMEI{EXPENDITURE)
(41,167)
(41,1671
RECONCILIATION OF FUNDS
Total funds brought forward
1.561,304
11,637
1.572,941
TOTAL FUNDS CARRIED FORWARD
1.520,137
1,531,774
Page 13
continued...

HIGHFIELD PRIORY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 AUGUST 2024
12.
AUDrroR'S REMUNERATION
The analysis of auditor's remuneration is as follows:
2024
2023
Audit services (inclusive of VAT)
Other services (inclusive of VAT)
8,500
4,750
13.
EMPLOYEES
Number of employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Teachers and Assislants
Administration
Domestic
34
37
12
49
55
Employm•nl cost8
2024
2023
Wages and salaries
Social security costs
Olher pension costs
1,185,007
103,745
167 935
1,118,216
95,103
162,722
1,456,687
1,376,041
The number of employees whosè annual remuneration was £60,000 or more were:
2024
Number
2023
Number
Of the employees vthose emoluments exceed £60,000, 1 (2023.. 1} has retirement bènefits accruing under
defined benefit pension schemes.
Page 14
¢ontinued...

HIGHFIELD PRIORY SCHOOL LIMrrED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
14.
TANGIBLE FIXED ASSETS
Freehold
land and
buildings
Leasehold
land and
buildings
Furniture
and
equipment
Motor
vehicles
Totals
COST
At 1 September 2023
Addilions
1,625,658
758 743
277,493
650,933
24.839
22,053
37,141
2,576.137
820 723
At 31 August 2024
2,384,401
277,493
675,772
59,194
3,396,860
DEPRECIATION
At 1 September 2023
Charge for year
716,502
148,072
524,976
28,751
21,961
1.411,511
Al 31 August 2024
752 201
166 581
553.727
1.498.924
NET BOOK VALUE
At 31 August 2024
1,632,200
110912
122,045
32.779
1 897,936
At 31 August 2023
909,156
129,421
125,957
92
1,164,626
The cost of land and bulldings Include an amLMJnt of £64.917 (2023: £64,917) relating lo the cost of land whlch Is
not depreciated.
Although Ihere are no bank borrowlngs al the year end, the bank has a flryJl legal charge over the school and
nursery buildings for the agreed overdraft facility.
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments
3,240
4.162
32,235
4.330
4.562
31,760
39.637
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other laxes
Other creditors
Fees received in advance
Accruals and deferred income
31,535
22,651
8,169
107.387
366.779
60,180
22,054
6,345
167,479
536,521
317,944
17.
LEASING AGREEMENTS
Minimum lease payments under nonvcancellable operaling leases fall due as follows:
2024
2023
Within one yèar
Between one and five years
In more than five years
3.071
2.568
16,440
3,071
5,159
16,920
25,150
Page 15
continued...

HIGHFIELD PRIORY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
18.
MOVEMENT IN FUNDS
Not
movement
in funds
Transfers
between
funds
Al
31.8.24
At 1.9.23
Unrestricted funds
General fund
Property Assel Fund
8ursary Fund
355,511
1,164,626
456,031
(87,413)
10362}
(831,084)
820,722
{79,542>
1.897,935
1,520,137
358.256
1,878,393
Restricted funds
AEN Early Years Funding
11,637
11,637
TOTAL FUNDS
1.531,774
358,256
1.890,030
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcled funds
General fund
Propety Asset Fund
Bursary Fund
2.343,142
(1.887,111>
(87.4131
456.031
(87,413)
10 362)
10 3621
2.332 780
1974.524)
358 256
TOTAL FUNDS
2.332,780
1,974,524)
358,256
Comp•ratlv•s for movom•nt In funds
Nel
movement
in funds
Transfers
between
funds
At
31.8.23
At 1.9.22
Unr•$trl¢led fvnd•
General fund
Propety Asset Fund
Bursary Fund
262,864
1,285,820
12.620
165,778
{192,7851
14.1601
{73,131}
71,591
355,511
1.164,626
1.561,304
(41,167>
1,520.137
R•strict•d funds
AEN Early Years Funding
11,637
11,637
TOTAL FUNDS
1.572.941
(41.167)
1,531,774
Page 16
continued...

HIGHFIELD PRIORY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 AUGUST 2024
18.
MOVEMENT IN FUNDS- contlnued
Comparative net movement in furKls, included in the above are as follows..
Incoming
rèsources
Resources
expended
Movement
in funds
Unrestrl¢ted funds
General fund
Property Asset Fund
Bursary Fund
1.922,211
(1.756,433)
1192,786)
165,778
(192,785)
14,160)
14,160)
1908 052
1.949,2191
41,167)
TOTAL FUNDS
1908 052
A current year 12 months and prior year 12 months comblned position is as follows-
Net
movement
in lund8
Transfers
behveen
lunds
At
31.8.24
Al 1.9.22
Unr•$trlcted funds
General fund
Property Asset Fund
Bursary Fund
262,864
1.285.820
12,620
621,809
(280,198)
24,522)
{904,215)
892.313
11,902
{19,542)
1.897,935
1.561,304
317,089
1,878,393
R•strlct•d funds
AEN Early Years Funding
11,637
11,637
TOTAL FUNDS
1,572,941
317,089
1,890.030
A curfenl year 12 months and prior year 12 months combined net movement in funds. included in Ihe above are
as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unr•strlcted funds
General fund
Property Assel Fund
Bursary Fund
4.265,353
13.643.544)
{280,199)
621,809
(280.1981
24,522>
24.522}
4,240,832
3.923,743)
317,089
TOTAL FUNDS
4,240,832
3.923,743)
317,089
Unrestricted funds
The general fund is the free reserves of the charity after allowing for all designated funds.
The general fund is currently in deficit as the school has used general reserves to fund part of the re￿ulld of the
Nursery in the year. Additional insurance monies will be received in the year ended 31 August 2025. retuming the
reserves position to a surplus balance.
The property asset fund is represenied by monies spent on the tangible fixed assets of the charity.
The Iransfer of £820,722 {2023: £71,591) from the free resetves represents the funds spent on fixed assets In Ihe
current year.
The resources expended of £87,413 (2023: £192.7851 represents the depreciation charges and losses on
disposal in the current year.
Page 17
continued...

HIGHFIELD PRIORY SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
18,
MOVEMENT IN FUNDS - contlnuod
The bursary fund represents moniés designated and set aside to meet the future cosls of the bursanes for
existing pupils.
Reslrlcted funds
The AEN fund is monies received to support certain child￿n. Any unused funds are carried fO￿ard to future
years.
19.
RELATED PARTY DISCLOSURES
Remuneration of key management personnel
The remuneralion of key management personnel is as follows..
2024
2023
Aggregate compensation
391.770
341.150
Ber+jamln H811, who reslgned as a trustee during the financial year, is a dlrector of Slgns Express Llmlted who
suppli8d signs lo the school at a cost of £Nil {2023'. £6,094).
One govemor ￿ceiVed travel expenses totalling £282 during Ihe year (2023: £148). No other governors or
persons connected lo them received any remuneration and were nol reimbursed for any expenses in this or the
prevlous year.
During the year In$uran¢e premlums of £284 12023.. £277} wore pald by tha school in respect of indemnity
insurance for the Governors.
20.
SHARE CAPITAL
2024
2023
Authorlsed
13 Ordlnary shares of £1 each
13
13
All the assets are held for charitable purposes and cannot be distributed to the members. Should the company b8
wound up or dissolved, the assets have to be transferred to another charily wilh similar objects and which also
prohibits the distribullon of any income or propety io Ils member.
21.
FINANCIAL COMMITMENTS. GUARANTEES AND CONTINGENT LIABILITIES
Nalwesl hold a letter of set off over credit balances by Highfield Priory School Paients Association allowing the
bank to sel off the credit balances of the Parents Association account with the debil balances of Highfield Priory
School Llmited, although there have been no such credit balances to sel off during the year.
22.
PENSION SCHEMES
The school participates in the Teachers, Pension Scheme {Ih8 TPS"> for its teaching staff. The pension scheme
charge for the year included contributions payable lo the TPS of £155,91012023= £151.113).
The TPS is an unfundéd mulli4mployer dèfined benefits schémé governed by The Teachers. Penslon
Regulallons 2010 (as amended) and The Teachers, Pension Scheme Regulations 2014 las amended). Members
ontribule on a 'pay as you go" basis with contributions from members and the employer being credited to the
Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.
The employer contribution rale is sel by Ihe Socretary of Slate following scheme valuations undertaken by the
Government Actuary's Department. The most recenl valuation of the TPS was prepared as al 31 MarGh 2020 and
the valuatlon report, which was published in October 2023, confirmed an employer contribution rale for the TPS
of 28.600/0 from 1 April 2024. Employers are also currently required to pay a scheme administration levy of 0.089/9
giving a total employer contribution rale of 28.680/.. This employer rate is expecled to be paid until 31 March
2027.
The charlty also runs a scheme for certain non-teaching staff, which is a defined contributions scheme Managed
by Complete Pension Trust. The cost for the year represents the Charity's contributions to that scheme of
£12.025 {2023: £11,609).
This page does not form part of the stalutory financial stalements
Page 18