Registered number: 02454554
Charity number.. 900347
THE MANOR PREPARATORY SCHOOL TRUST
IA company limited by guarantee)
GOVERNORS, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

THE MANOR PREPARATORY SCHOOL TRUST
IA company liffliied by guarantee)
copirENTS
Page
Refèrencè and admlnl8tratlvo detalls of the charfty. Its Govfrmorn and advlsorn
Govemors. report
Independgnt auditor's r•port on tho flnanclal statfjmgnts
Stat•ment of financlal actlvltl•s
3-13
14-17
18
Balance sheet
19-20
Statoment of cash flows
21
Noto• to the financial statom?nts
22-36

THE MANOR PREPARATORY SCHOOL TRUST
(A company Ilmlted ty guarnnteel
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS GOVERNORS ANO ADVISERS
FOR THE YEAR ENDED 31 JULY 2023
GovernorJ
Mrs S L Champkin (resigned 31 Juty 2023)1,2
Mi S M Forrestal, Chairl.2
Mr T James
Dr L MacLaren (resvJned 31 Juty 2023)
Mr S J McConne111.2
Mrs M Ruiseal
Ms S Sowden
Mrs A Stokes
Mr S Wooldridge (reS￿ned 23 November 2022)1,2
Mrs D Clayphan lappoinled 7 September 20221
Mr A Morgan (appointed 2 June 202311.2
Mr M sM￿h lappoinled 2 Juty 2023112
Mrs K Jackson {appoinled 4 Juty 2023)
Mrs S Fe￿iCk lappoinled 7 Juty 2023)
Finance and general Purp￿ sU￿cOMMittee
Premises Subiommittee
Company reglster
number
2454554
Charlty roglstèrod
number
900347
R•glst•r•d office
The Manor Preparatory Schod Trust
Faringdon Road
Abingd
Oxon
OX13 6LN
Offlce
{Key Management
Pgrnonn811
Mr A Thomas (Headmaslerl
Mrs V Evans (Oeputy Head Academic)
Mr V Foolring (Deputy Head Pastor811
Mr P Quinn (Director of Finance and Oper*ions Cl8rk to the Govemors and
Company Secretsry, Re5wned 15103r231
Mrs Louise Dench (Director of Finance and Operations, Clerk to the G¢)vemors and
Company Secretary, Appointed 171041231
Mrs P Mcconnell IH&•J of Pre Prep)
Indepondont audltor
CrNe U.K. LLP
Aquis House
4￿51 8lagrave Street
Reading
Berkshire
RG1 1PL
Page 1

THE MANOR PREPARATORY SCHOOL TRUST
{A ¢ompany1Smlted by guarant￿}
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS GOVERNORS AND ADVISERS
ICONTINUEDI
FOR THE YEAR ENDED 31 JULY 2023
Bankers
National Westminstef Bank
Oxford C¢)MmerC￿l Office
Willthv Court
Minn$ Business Park
7 Wesl Way
Oxford
OX2 OJB
Svenska Handelsbanken AB Ipubll
Seacourt Tower
Wesl Way
Botley
Oxlord
OX2 OJJ
Sollc5tors
Harrison Clark R￿kO
Ellenborough Houso
Wellington Slreet
Chertenham
GLSO IYD
Page 2

THE PIANOR PREPARATORY SCHOOL TrUST
IA company Ilmited by guarantsol
GOVERNORS. REPORT
FOR THE YEAR ENDED 31 JULY 2023
The Govemors of the School. who are also the Directors of the Crynpany and Charsty Tfuslee8 for the purposes
of the Charities Act 2011, have pleasure in presenting their annual report. together with the financial slatemenls.
for the year ending 31 Juty 2023.
The formal and content of the report and fina￿la1 $lalemenls compty with the Companies Act 2006, the
Charities Act 2011 and the Statement of Recommende(I Pradice.. 'Accounting and Reporting by Charities,
{SORP FRS 1021.
REFERENCE AND ADMINISTRATIVE INFORMATION
The Manor Preparatory Sch¢)ol Trust was incorporated on 12 December 1989 as a company limited by
guarantee. The company number is 2454554, and thè charity number 900347.
STRUCTURE, GOVERNANCE AND hlANAGEMENT
Gov•rnlng Documenl
The company 18 govemed by its Articles ofAs8oualion which were updated on 17 June 2021.
Govornlng Body
The Govtmors of the Trust are all Direcl¢)rs of the Company. Those who held office during the financial year are
listed on page 1. Governors aro eleded by the Board lo fill a vacancy due lo reliremenl. or lo enhance or add lo
the particulai skills of the Board. One third of the ewed Govemors, based on those who have been fongest in
office since Iheir last eleclion, retire from office at each Annual G?neral Meeting but, Whe￿ eligible, retiring
Govemors are encouraged lo sland fof wlection al Ihal Annual Genefal Meeling. Governors may remain in
office for a continuous per￿ of nine years. A retiring elected Govemor, who. al the dale of his retirement 18
serving as Chairman of the Tru51. is ellqible for T&6￿10ft (Subject lo annual re-election as Chaimianl lor a
Ma￿muM poric*J ofthree years even rf the continuous peric*J of exeeeds nine consecutive year8.
The Trust has t)0 share captsl and consequenlty none of the Govemors has any interest in the Tru$l. The
liabilsty ofthe Govemor8 is limrted lo the ex1ent of £1 each in the evenl of the Trust being wound up.
Recrultment *nd Trnlnlng of Gov•rnorn
Potenti?1 govemoTS are identif*d by members of the GovemirKJ Boty arKJ considered against the B&ty'8
spe¢ifi¢alK>ns concerning e￿J*•1ty. competenee. speeialisl skills and k￿al availability. Training is offered to all
Goveinors.
Page 3

THE MANOR PREPARATORY SCHOOL TRUST
(A company limitod by guarantsel
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
STRUCTURE. GOVERNANCE AND MANAGEMENT {¢onlinu•d)
Oryanlsational Managomgnt
The members of the Govemin9 B¢)dy are legally responsible for the overall management and control of the
sch￿1. The Governing Bc%ly meets four times during the year and at other limes as required by the School's
business. Much of the preparation for these meetings is undertakon ty the Finance and General Purpose and
the Premises sUb-￿mMitteeS of the 8oard. Al the end of each meeting of the Governing Body there is an
opportunity for the Governors lo have a di$cLsssion wrthout staff present rf and when the need arises.
The day to day njnning of the School is delegated lo the Headmaster. OepLty Heads, Director ol Finanee and
Operations and Head of Pre Prep. as the key management personnel, who in tum are supported by the Senior
Leadership Team. The Headmaster, Deputy Heads. Director of Finance and Operations and Head of Pre Prep
allend meetings of the Goveining Body and rts Committees.
The remuneration of key management personnd is set by the Board. with th8 policy objective of PToviding
appftjpriale incentives lo encourage enhanced perfomiance and of rthvarding them fairty and responsibly for
their individual contributions lo the School's Su￿.
The appropriateness and relevance of the pay policy B per￿lICal￿ rev￿4¥¢d, ensuring that the School remain8
sensitive lo the broadèr issues of pay and empbwnent conditions ewihere.
Delivery of the School's chantab￿ vision and purpose is primarity dependent on our key manag8menl personngl
and staff costs are the largest single element of our charrtable expendrture.
Group Structurn
The company has no sub8idiaries.
The School is an active member of..
The Independent sch￿18 Courril
The Association of Goveming Bodies of Independenl Schools
The Independent Schod8' Bursars Assouation
The Headmaster, Oeputy Head (Academ￿) and Deputy Head (Pastorall are active members of..
The Independent Association of Preparatory SchcA
Local Communlty Relatlonshlps and other Charltabl8 Actlvltlol
The School provhses Ihe use of its facilrties to thal communty groups and lo Iccal families on a iegular basis al
either low cost or no cost. It supports both national and internat￿nal charrties through a wide variety of fund
raising inrtialNes. The School is also committed lo seNing the b9$1 interests of the local community by protecting
and activety promoting the improvement of the bcal enwronmenL
Page 4

THE MANOR PREPARATORY SCHOOL TRUST
IA company limited by guarantsel
GOVERNORS. REPORT {CONTINUEO}
FOR THE YEAR ENDED 31 JULY 2023
08JECTS, AIMS. OWECTIVES AND ACTMnES
Primary ObJectlv•s
To promote and provide for the advancement of educab.on of children In the United Kingdom and elsewhere
through an inclusive ethical and moral framework by providing and assisting in the provision of facilities and
services for education with recognit￿n of the Chnstian foundat￿￿ of the Chafity.
Stratogl•s for •chl•vlng the prlmary obloctlv
The Manor Preparatory School's strategic aim 1$ lo provide every chikj wrth an ex¢elknt academic, spiritual and
moral education in a warm and supportive environment and to enthuse them wth a love of learning and the
desire lo make the very most of their abilrties and Opportunit￿ in a rapidty changing wodd. The School also
aims lo provide a wide cumculum of activrtw induding drama. art. music. sport and lrfe skilts.
ObJectlv8s for th• y•ar
The Board's main c*Jjeclbv6 continued to be to edLKate all the SC1K￿l's pupils to atlgast the same high standard
achieved by the School in previous years.
The School aims to provide generous resource$ lo support thè ddivery of the curriculum and lo maintain and
enhan￿, through a continuous programme of professional development. an experienced, dedicated and well
qualifie(I staff who can edueale effeclNely both academicalty and Spiritualty. The refining and enhancing of
efficient processes and structures In all areas of managemenl. ulilising technological advances where practical
and co81 effective. support these objectives. The School also encourages all staff and pupils lo play a posrtive
role in conlribuling lo the lrfe of the School and the wider community. thus helping the pupils lo propare tor their
nexl school and the OpportUnrt￿. responsibilities and experiene*$ of aduK Irfe.
Strat•glrt to Achlave the Yearfs ObJectlv•
Our strolegy lo aehieve our objectives for the yeaf has been lo continue to strive for g Successful and prosperous
school. so that our objective of providing generous resources can be fvlfilled. Our objective of providing the best
possible staff has been ach￿Ved by maintaining a most thorough and demanding recruilmenl proces5. The
School is committed to continuing to invest in the staffs Profess￿n81 development.
Volunte•rn
The School is immensely gfatefvl to be supported by volunteer parents. The Manor Association of Parents
{MAPI run fund-raising activities tM)th for the School and for national and intemalional ¢hanties. There 18
restricted fund 'Manof Assctiation of Pafents, within the ￿h0￿. See note 16.
Fundralslng actlvllles
The Manor Preparatory School Trust does not engage In large scale fundraising aclrvities like mass m8iling$,
telephone fvndraising or door-tO-dc<Jr campaigns. The School does not empby a separate fundraising team or
third party organisalion lo help raise funds. Any small level fundraising activrties focus on the curTenl parents
and other indivKluals or organisalions connected wth the rather than the wider communty. During the
financial year, the Sthool not receive any fundraising complaints requiring adion by the Fundraising
Regulator.
Page S

THE MANOR PREPARATORY SCHOOL TRUST
IA company Ilmited by guarants•l
GOVERNORS. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 JULY 2023
Stratsglc report
SIGNIFICANT EVENTS
After the national sadness of the passing of Her Majesty Queen Elizabeth al the slart of the academic year,
202212023 also saw the celebration of the Coronation of King Chat1es111. historical events the likes of which very
few of our School community have wrtnessed before. Again, (( was a time to reflect on the service, wsdom,
empathy and leadership that Queen Elgabeth had shcmed the nation, qualilios which all schools should
encourage in their children.
The school ha5, once &¥in, enjoyed a very successful arnl posrtive year th strong numbers on roll and the
pro$ped of an increase once again for the followin9 ac&lemL year. We continue to offer an outstanding
education to the children at Th& Manor. not onty wrthin the curriculum bul also through the provision of excellent
extracurricular activities. We have focussed on our wraparound care. to support busy working families and this is
an area that continues lo be exlremety popular. After the hialus of the COVID period, we have had a full
programme of Sport, Music, Drama, Art, DT. Inps and visrtors to supplement the academic education. We have
also focussed on v4h31 we can do lo support ouf loc4 communty, and this will remain a focus as we move into
the new academ￿ year.
The political landscape, and the threats that ale contsined Ihefein remain unknown. bul we are proadively
planning for the future. Alongside threats. there will also be opportunrties and we remain very proud of what
conslilules a Manor education In all rts forms. Al the heart of our school liés the happiness of all the children and
our staff are dgdicated lo ensuiing Ihal their ¢hildhc¥)d ￿ a lim8 that they will look bxk on with great fondness.
An annual highlight was the gatherin9 logelher of the dffterenl parts of the school community lor our feslivg
celebrations. whether that be for the Eady Years, Yeats l and 2 Of fof the retum lo our normal Carol Service al
the end ol the Autumn Tèm). This truty $KJnif*d a return to nom￿1 operation6.
Our Leavers in Yeaf 6 provided us with several hyhlvdhts throughout the course of the year. Their academic
results were some of the very best that the school has enjoyed bLrt each Child was placed in an environment
which will allow them lo make the most of their wide range of abilit￿6. The range of Scholarships and Awards as
well as the variety of Schools that they move on lo shchv that we a￿ able lo place every child in the environment
wh￿h will bgst Surt their needs and which ￿11 help them lo realL8è their polenlial.
ACHIEVEMENTS AND PERFORMANCE
Academlc Exc•ll•nc•
The children in Year 6 surpassed expectations in their SenN)r Schcd examinations. Offers were ￿te1Ved from
22 diffefenl schools and the children attained 31 Awards and sCho￿rShipS. 11 was particularly pleasing lo again
receive awards to the many highly selectNe schools within Oxfordshire and across the country, including
Abingdon, Headinglon, Magdalen College. Millfiekj, Oxford HKJh School, Our Lady's Abingdon, Queen Anne's
School, Rye St Antony, Sl Helen's and Sl Kalharine's. WychwcKxl and Wycombe Abbey, proving the great value
of a Manor education. The awards were gained in a w￿e number of areas includin9 Academia, Art, Music and
Sport.
The Manor's 2022123 Yèar 6 Leavèrn
In the nalionalty normed GL Assessment core subjects pro9￿$5 tests in English, Maths and Science in 2023.
Year 6 Manor pupils ach￿Ved an average 5COTe of 118 against 8 national average of 100. This average mart(
puls The Manor al the 88th percent1￿ nalionalty". a remarkable achievement for a broadly non-sole(live school.
Page 6

THE MANOR PREPARATORY SCHOOL TRUST
IA company limlt¢d by guarantsel
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
Strateglc report {contlnuedl
ACHIEVEMENTS AND PERFORMANCE l¢ontinuedl
Sport
has been another packed year of sport at The Manor with every chihj in the Prep School IY341 rgpresenling
the school. There have been almos1300 fixtures p￿￿ng other schools in friendly matches, * local and regional
competitions and representing the school al Not￿nal Level. One ¢hikJ qualified for the National Swimming Finals
and one child won the national Prep Schools Cioss Country ChampK)nships held al Mafvem College IU11 Girt51.
Sport plays such a $ignific8nl part in physul and mentsl wellbein9, and il is great to see this embedded in our
school both wrthin the curriculum and in extraeurncular aetivrties. CompelrtNe sport as well as sport for all
remains al the forefronl of our vision for sporting devewnent at The Man¢y.
Art
Oncè again. we were able lo ful￿ participate in the Young Art Oxford compelttion with 26 entries from Reception
lo Year 6 chosen lo be sh¢Jwn al The A$hmo￿an Museum, Oxford. One chisd won first prvze in her calogory, one
child won second prize for her age group and five other children were commended or highly commended. There
were over 3000 entries to the compolition from a¢ros$ the county.
Drama
Drama continues to play a very important part of lrfe at The Manof. This year we have enjoyed productions with
Year 2 (Eddie the Penguin Saves the Worldl. Year 4 (The Tudoi Dudes) and Year 6 Iwhal a Knighlll.
Year 3 rehearsed poems and or short scenes for cla85 a$5embty and Year S worked on a media project, Drama
is very much part of our extracurricular programme as well and il devel¢Jps so many $kill$ for the children which
they can use throughout their lives.
Mu8k
11 has been another exlremety busy ytar lor the Music Depaflmenl. H￿hlffjhts included the annual Manor
Concert lo end the Spring Term and Tea Concerts for singing, wr%xJ4w'nd. guitar, bass, drums and piano. Many
children continue lo enjoy tUrt￿n on mus￿•1 instruments whth ennches the cpwtunrties and offerings.
Page 7

THE MANOR PREPARATORY SCHOOL TRUST
(A company lifflited by guarantsel
GOVERNORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JULY 2023
Strateglc report Icontlnuedl
ACHIEVEMENTS AND PERFORMANCE lcontlnugd)
ACHIEVEMENT IN RELATION TO LAST YEAR'S FUTURE PLANS
Developing programmes lo support staff and pupil mentsl health and wellbeing alongsid8 promoting
resilience and risk taking in th8 dass1￿M environment.
A full wellbeing survey has been carried oul in order to identify ways to best support staff. Learnings taken
from this survey will be implemented in the next academic year. Children ￿ntinue lo enjoy many
¢)PPOrtunilies and risk taking and failure Trs encouraged wrthin classroom environment and in the other
activil*s that are ¢)n offer.
Review the school's Professional Development Revivw system to ensure th* rt delivers the best outcom95
for children and 81•ff.
This has been reviewed. There ar6 areas sts"Il lo dévelcrf) but rt is vèry much an ongoing process lo rèfine and
Improve.
Implem8nl a new Managemnl Inlormalion System and train staff ahead of full adOpt￿n in September 2023.
ISAMS was introduced for the start of the new academic (2023r2024). Training h8s been given to $18ff
8nd will continue to be gNen to Staff lo ensure maximum use of the new MIS.
Continue lo provide Opportunities to develop ccx))munity links, for local schools and charities tt) work together
and support one arKJlher.
This is an area that we conlinue lo deveknp and wil continue lo do so into the new academic year as well.
Whilst we are working well wrth certain organisations and certain age groups, there are still ways lo share
best practice with other schools in the local area. We are proud of our links wrth local charities and the work
that hos been done lo foster this.
PUBLIC BENEFIT
Wootton C ol E Prlmary Sch¢)ol Partnernhlp *nd ot￿r Communlty links
We have continued to develop our partnership wth Wc¥)tton Primary School and Year 2 children from both
school$ came together on a weekty basis to share cookery lessons. Building on this. we came together as a
whole year group (Year 21 for a momirbg Celebrat￿n. The chikI￿n made their ¢Y•vn picnic, and the children re-
en￿ted the Abingdon Bun Thfowing in celebrntion of the Coronation of King cha￿e$.
We also opened our facilit￿ lo the Active Communrties Team at The Vale who ran a day for their Youmove
families. These are primari￿ families that access free sch¢)ol meals. They used the Forest School area for
foresvnalure session, foolbalvcricket $ess￿n$ on the field, tables tennis and muttisports in the Sports Hall.
Pe90 8

THE PAANOR PREPARATORY SCHOOL TrUST
IA company limlled by guarantsg}
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JULY 2023
Stratoglc roport l¢ontInu￿)
ACHIEVEMENTS AND PERFORMANCE Icontlnu•dl
Charltles
A huge amount has been done lo support local, nats'onal and inlemattonal chariti8s over the course of the year.
This foms a significant part of The Manorfs culture, encouraging our chIld￿n to give back and lo understand the
oncept of social responsibilty. The main thread for charrtable giving cenlres on the need lo look locally in the
first instance lo show the chikdren the drflerence that they can make in the c(rfTwnunty around them.
Through the year, sevefal donatK)ns have been made. A book collection was made for The Berin Cenlre,
community hub in Berinsfield whth fc¢usses on p￿￿d1Th9 family Services also providing services for the
wider community as well.
One of our Year 6 classes ran a Bake Sale to support Ihe Earthquake Appeal for the victims of the earthquake in
Turkèy and Syria.
A chikl in Year 3 drove an in￿￿￿8 to Support the homel83s. This was reali8ed through ft)od donations and then
this food was prepared and cooked by chihyren fr{￿ Year 3 to year 6 * ￿h0o1 b&fofe bèing delivered lo Sl
Ebbe's Church, Oxford lo feed the homeless.
Moving on from this, the pr&Prep identified a way for them to support local charities ar+d, led by a child in Year 2,
the children presented their ideas lo the P￿Prep (Nursery lo Year21 and several boxes of Easter Ireal8 were
donated lo the Abingdon FcK¥Jbank and the Chiklren's Hosprtal in
Oxford.
Y6 fan the annual Summer Fete and they chose Fle￿¢are as their chanty to support. This charity offer8 a respite
sffting service for severely disabled ehihjren and their siblings.
Pag& 9

THE MANOR PREPARATORY SCHOOL TRUST
IA company Ilmlted by guarantee}
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JULY 2023
Stratèglc rèport (contlnued)
ACHIEVEMENTS AND PERFORAIANCE {contInu￿1
Further information atrf)ut ￿r charitable donations can b8 found bebw..
DATE
CHARITY
AMOUNT
DESCRIPTION
October
2022
Abingdon Foodb•nk
444Kg8
Weight ol Harvest don•tions
Harvest Festival Collection from St
Jarne5 the Loss in Winl8rboLtrn¢ In
nks wtth a Manor family
Money r8isod through car parking for
thè Abingdon Marathon
Mouslache growing to support
Bwareness of men'8 m&ntal he•llh
October
2022
Abingdon Foodbank
£85.
October
2022
Stomibr•ok
£150.
Nov¢mber
2022
Movember
£5CQ.
November
2022
Royal British Leglon
Poppy App••l
£717.64
Poppi•$ •old In school
December
2022
Th• Children'¥ Society
£404.00
Y1 •nd 2 Chii•tingl• Donation8
car￿ Concert December 2022
Donalions
Oe¢tsmty•r
2022
St Hel￿,& Church
£496.00
D8c8mb•r
C•rol Coficort D•¢•mber 2022
Don•tlons
2022
Kapvmpe
Oxford HoSp￿al8
Charity
496.00
Decamber
2022
£166.SO
Natmty Performance 2022 Donatlons
New toys for chlldf¥n who would
recetvè nothing thi$ Chri$tm*s due to
famity circum81ance$
Dr•%5 to Expr•88 Day as part of
Children's Mental Health Week
Ihgr*di•nls +Jon#ted #nsy then food
prepared to feed lh• hom•ltrs$ in
Oxford
Doeembèr
2022
ACE Toy Drl
IS huge boxes ol toy8
January
2023
Plac•28•
£241.07
Ingr*<lients donat•<1 •nd
then food prepared lo 18ed
the home￿88 In Oxfrjrd
J•nu•ry
2023
st Ebbè'a Church
January
Book colleeiion for a local tha￿ty
supporting f8milies in no8d
2023
The Berin Centro
Abingdon Foodbank
8nd Children's
Hosprtal Oxford
Collection of treats for children at
Easter
March 2023
Easter tre•ts
July 2023
Flexicarè
£5,673.33
Summer Fete with ¢h•rity ¢hosen by
the Y6 children
Page 10

THE MANOR PREPARATORY SCHOOL TRUST
(A company limiled ty guarantee)
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
Strat•glc r•port (ContInu￿)
FINANCIAL REVIEW
R8suIts for the yèar
The nel incoming resources for the ypar amounted to a deT￿rt of £261.611 12022.. 48,296). The Governors
consider that the results for the year. as sh¢)wn on the attxhed financial statements are satisfactory when taking
into aceounl the impact of a signrficanl increase in energy costs along wrth some one-off unexpected expendrture
in the year. The School continues lo manage finances carefvlly againsl an uncertain economic climate whieh is
forecast lo remain lutbujent (wer t￿ ¢oming mnlhs and yearn.
The Sch￿1 aims lo aCh￿ve a Suff￿￿nt level of net incc¥ning resources lo finaTr￿ the ongoing capital
expenditure requi￿ lo keep the School's facilrties and infraslructure at a level which may be expacted of an
independent preparatory school and to allow for UnfO￿seen, bul essential. expendrture.
ReseNo• l•¥ol and pollcy
The School's unrestr￿ted funds al £5.072.793 (2022.. £5,351,535) al the year end. After deducting the
carrying value of tangible fixed assets held for the charity's tyvn use, adjusted for ljorrowings. there were no
freely availabie reseN8s.
It is the Govornor8' policy lo buikl up free reserves out of annual operating 8urpluse8. subiect lo the prior
demands ol fvrther expenditure lo equip th8 School with the up404ate facilrties néeded to maintsin the standard
of eduealional services provided ft)r the benefit of lulure pupils.
11 is also thèir policy lo establish free reseNes of £2.027,269 Irepresenling one temi's expendtturel to cover the
immediate needs for essential operating expendrture for a tem.
RISK MANAGEMENT
The Board continues lo keep the School's aCtiVrt￿5 under revie•V, part¢culady wrth regard lo any major risks that
may arise from time lo lime. and lo monrtor the effectiveness of the system of internal control$ and other viable
means, ineluding insurance cover where appropriate. by which Ih¢)se risks already Ktenlified by the Governors
Can best be mrtigated.
Tha Governing Body Is responsible for the management of these risks. The School has a comprehensNe risk
management framework which Includes a detaI￿d risk map. Detailed considerations of risk are assessed by
senior staff for review by the Finance and General Pu￿)Se Sub￿rnMit1ee and the Goveming Body. Risks are
identified and assessed and controls estsblished Ihroughoth the year. A formal roview of th8 risk management
proces5 is undertaken on a basis. The key ￿ntrOl$ used in¢lude'.
Fomi81 agendas for Goveming Body and Committee meetin9S
Strategic planning. budgeting and managerrent xcounling
Established reporting line5
Formal Wfitten poli￿e8
Authorisation and approval levels
Through Ihts established risk man4ement PToce8s, the Governors a￿ satisfied that the major risks identified
have been adequately mrtigaled where necessary and practicable. It is recognised that these systems Can only
provide wsonable, and not absolute. assurance that the major risk5 have been adequately managed.
Page 11

THE MANOR PREPARATORY SCHOOL TrUST
IA company Ilmlled by guarnnteel
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JULY 2023
Prlncipal rlsks and uncertalntl6s
The increased cost of living alongSKle the rise in energy prices prowdes a sHJnifi¢anl risk to all businesses. In
addf(ion lo this. there has been ¢on$iderable polbtical uncertainty and chaI￿nge$ to the independent sector which
continues lo be a th￿81 and uncertainty in the short, medium and long lem. We continue to provide an
outstanding education fof the children in our care atthough we recognise that some families may struggle with
the cost of pllvale education. We continue lo support bursary applications lo enable familie$ to access a Manor
education and our strategic aim is to provKfe education in oui setting to those who woukj otherwise not be able lo
afford it. We are pulling plans in placfr lo ensure we are prepared for any fuluie policy changes and to ensure we
ore in the best posrti¢Jn possible lo tackle th8 risks and uncertainties head on as we move into the new schogl
year.
FUTURE PLANS
The long temi Strateg￿ plan is in place arKI we will Continue lo work INards this. With the global uncertainty of
the year ahead and the increased costs. the fLrture remains unclear foi the IndeperNlenl Sector. We are in a
strong market posrtion and numbers remain al a high volume with the largest roll to date for September 2023.
Our principal futLtre plans for thè year ahead are as folk)ws'.
Continue to promote link$ with Ictsl Pfimary schools and to develop p8rtn8rship$ in ord&r lo share be81
proctice, particulady in the area of pedagtsjy. Whilst we have a good link lor the ¢hiklren, we are keen lo
identify b9$1 learning Pract￿ from the dassry)oms lo develop the opportunrties lor all of our chiklren.
Continue lo drive lO￿ard l&*hing and ￿arnIng in order lo moximise the potential of all children in an
environment whKh therishe5, challengés and inspires th&m.
Implement scenario planning around the proposed polrtical agenda of the Labour Party in order to be sure
that the school is $u¢tably equipped to face whatever tandscape is on the horizon.
Carry out a full Curriculum rev￿ lo ensure that each academic department is delivering relevant and
appropriate material lo enable the Chikjren to floLbriSh.
Review the provis￿ll of Learning Support and EAL to ensure thal we are able lo pry)vide the best possible
Support for those chiklren with SENO or Language needs.
Identify the best syste￿￿ possib￿ lo Support the delivery of IT cufficulum and dKJitsl strategy.
Page 12

THE MANOR PREPARATORY SCHOOL TRUST
IA company limitfjd by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDEO 31 JULY 2023
STATEMENT OF GOVERNORS, RESPONSIBIUTIES
Thè Govemors (who are also the directors of the charty for the pu￿*SeS of company lawl are responsible for
preparing the Governors, ieport including the strategic report and the financial Statements in aceordance with
applicable law and United Kingth)m Accounting Standards (United Kiry￿ Generalty Accepted Accounting
Practice).
Company law requi￿$ the Govemors lo prepare financial slalemenls for each financial year. Under company
law. the Governors musl not approve the financ￿1 slalements unless they are satisfied that they give 8 true and
fair view of the slate of affairs of the chanty and of rts incoming resources and application of rèsources, including
ils income and expenditure, foi that penod. In preparing these financhil stalemenls. the Governors are required
lo..
Select 8Liilable accounting pdicwJ and then appty them consistently.
obselve the mothc4s and principles of the Chanties SORP IFRS 1021,
make judgments and accoLtrnting &slimales that are reasonable and prudent.,
slate whelher applicable UK Accounting Stsndards IFRS 1021 have beèn folkjwed. Subject lo any materi81
departules disclosed arid explained in the financial slalements..
prepare the financial statements on the going cOr￿ern basis unkns rt is inappropnale to presume that the
charity will Continue in business.
Thè Govemor8 are responsOle for keeping adegu*e accounting rocords that are $Lrfficienl to show and explain
the charity's transactions and dI￿roSe with reasonabte accuracy at any time the financial position of the charity
and enable them lo ensure that the financial slalemenls comply wrth the Companies Act 2006. They are also
responsible for safeguarding the assets ol the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other iffegularbties.
PROVISION OF INFORMATION TO AUOITORS
Each of the persons who are Govemors al the lime when this GovemoTS' report is approved has confimed Ihal..
so far as that Govemor is aware, there is no relgvanl audit infomwtion of which the chanvs audrtor is
unaware, and
that Governor has taken all steps that ought lo have been taken as a Govemor in order lo be aware of any
relevant audit infomiation needed by the School's audrtOTS In eonneetion wrth preparing their report and lo
establish that the School's auditors are aware of that information.
AUDITORS
The auditor, crLw￿ U.K. LLP. has indicaled his willingness lo continue in office. The designated Governors will
propose a motion reappointing the audrtor at a meeting of the G¢)vemoTS.
Approved by o
he members of the boar(l of Govomors and sMJned their behaff by..
Mr S M Forrestal
Governor
Dale.
L{L(L4
Page13

THE MANOR PREPARATORY SCHOOL TRUST
IA company Ilmited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE MANOR PREPARATORY SCHOOL
TRUST
Opinlon
We have audited the financial statements of The Mar￿[ Preparatory S¢hLwJ Trust {the 'ch8rity'l for the year
ended 31 July 2023 which comprise the slalemenl of financial aCINit￿$. the balance sheet. the statement of
cash flows and the related notes. indudino a summary of sKJnrfunl xcounting policies. The financial ieporting
framework that has been applied in their preparatK*n is applicable law and Unrted Kingdorn Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Stsnd8rd applicable in the UK
and Republic of Ireland. Iunrted Kingdom Generally Accepted A￿O￿ntIng Practice).
In our opinion the financial statements".
give a true and fair vithv of the state of the charitsble companls affairs as at 31 July 2023 and of ils
incoming resources and application of resources. including ils in¢om8 at)d expendi(ure for the year then
ended.,
have been property prepared in xcordance with United Kingdom Generally Accepted A¢wunling
Practice". and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis ft>r oplnlon
We conducted our audrt in aecordance with Intemational Standards on Auditing IUKI (ISA$ IUK}} and applicable
law. OLtr responsibilities under those standards are further described In the Audilorfs responsibilities for the audrt
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant Io Ouf audrt of the financkgl slalements in the Unrted Kingdom,
including the Financial Reporting Council's Eth￿1 Stsndard. and we have fulfilled our other ethical
responsibilrties in accordance wrth these requirements. We bel￿￿ that the audit evidence we have obtained is
sufficient and appropriate lo piovide a basis for our opinion.
Concluslons r•l•tlng to golng con¢•m
In auditing the financial statements. we have concluded that the Gov8mors' use of the going concern ba818 of
accounting in the preparation of the finafiC￿l statements is appr¢Jpnale.
Based on the work we have perfomed, we have not idenlffied any material uncertsinlies relating to events or
Conditions that, individualty or eolleclivety, may cast sonificant doubl on the eharilable wmpanWs abilty lo
continue as a going concern for a peric<l of at ￿*31 twelve months from when the financial statements are
aulhorised for i5$ue.
Our responsibilities and the responsibilrties of the G¢)vemots with respect to going concern are described in the
relevant sections of this report.
Page 14

THE MANOR PREPARATORY SCHOOL TRUST
{A company limi10d by guaranteol
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE AIANOR PREPARATORY SCHOOL
TRUST (CONTINUED}
Other Infomiatlon
The other infomith'on ¢cwnprises the information induded in the annual report other than the financial slalemenl$
and our audilo¢s report Ihereon. The Governors are responsib￿ for the other infomialion ￿ntained wlhin the
annual report. Our opinion on the financial statements does not Cover the othef infomiation and, except lo the
extent othe￿iSe explieilly staled in our feport, we do not express any fomi of assurance conclusion thereon. Our
responsibilrty is lo read the other information and, in dthng so, consider whether the other infomiation 15
materially inconsislent with the financial statements or our kn¢￿￿edge obtained In the course of the audit, or
othe￿iSe appears lo be malerialty misstated. 11 we hdentfy such material incon$islen¢ies or apparent material
misslalemenls. we are required to detemine whether this gNes rise to a material misstalemenl in the financial
slalemenls Ihemsefves. 11, based on the work wè have perfomed, we conclude that there is a malerk41
misslalement of this other infomialion. we are required to report that f￿t.
We have nothing lo report in this regard.
Oplnk)n on oth•r matters pre8crlbed by tho Compan1￿ Act 21)06
In our opinion, based on th6 work undertaken in the ccAJr8e of the audit..
the infomalion gwen in the Govemors. report including the Strategic report for th& financial year for which
the financial slalemenls are prepared is con8i$lenl with the financ￿1 slalements.
the Gover1￿￿. report and the Strategic report have l)een prepareil in accordarKe with applicable legal
requirements.
Matt•rs on whlch we arn requlred to rnport by excoptlon
In the light of our knovAedge and understanding of the charitable company and its environment ¢)btained in the
course of the audrt, we have not lden1rf￿d malefial missL*ernenls in the Govemors. report including the Strategic
report.
We have nothing lo report in respect of the folhmng matters in relation to wh￿h Companies Act 2006 require8
us to report lo you rf. in our cPin￿n..
adequate accounting iecords have not been kopt. or rgtums adequate for our audit have not been
ceived from branches not wsrted by us.. or
the financial statements are not in agreerr*nt with the attountin9 records and retums.. or
certain disclosures of Govemors. iemuneralion specified by law are not made., or
we have not received all the information and eXp￿natIonS we require for our audit.
Page 15

THE IAANOR PREPARATORY SCHOOL TRUST
(A company limited by guaranteel
INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF THE MANOR PREPARATORY SCHOOL
TRUST {CONTINUEDI
R8sponsibSlltSes of Governorn
As explained rn0￿ lulty in the govemors. wponsibilit￿ slalement. the GovernoTS I￿0 are also the directory of
the charitable company for the purposes of company Lgwl a￿ responsible for the p￿paratiOn of the financial
slalements and for being satisfied that they give a InFe ar￿ fair view, and for such inlemal control as the
Governors detemiine is necessary lo enabk the preparath)n of financial slalemenls that are free from material
misslalement, whether due to fraud or error.
In preparing the financial statements, the Govemors are responsible for assessing the charitable companys
ability to continue as a going concem, disclosing, as applicabie. matters related lo going concern and using the
going concern basis of accounting unles$ the Govemors erther intend to IH4uthle the charrtable company or lo
cease operations. or have no realistic alternative bLrt lo do so.
Audlto¢# rnsponsSbllltlM for tho •udlt of the financlal statements
Our obieclwes are lo obtain reasonable a$Surar￿ about whether the financial statements as a whde are free
from material misslatemenl, whelhef due lo fraud or error, and lo issue an auditor's report that includos our
opinion. Reasonable assurance is a hvjh level ol a$$uran¢e, bul is not a guarantee that an audit conduclod in
accordance with ISA$ (UK} WAI a￿ay3 deted a matenal misslalomfrnl when it exists. Misslalemenls can ari8e
from fraud or error and are considered malerial rf. indiwdualty or in the aggwale, they coukd reasonably be
eXP￿ted lo influ6nc8 the economic decis￿￿n5 of usern t8ken on the basis of these financial statements.
Irrogularilies. including fraud, arè instances of non4omplknqnce wrth laws and regulations. We design procedures
in lino with our responsibilities, OLrtlined above. lo deteet material misststemenls in resped of irregulanties.
including fraud. Tho extent lo which our procedures are capable of detecting Irregularities, including fraud is
detailed bebw..
We identified and assessed the risks of material mi8Statemenl of Ihe financial slalemenls from irregularities,
whether due lo fraud or error, and diseussed thesè bets¥een our audit team members. We then Oesigned and
performed audit pr￿edureS responsive lo those risks. including obtaining audrt eMd$n¢e sufficient and
appropriale lo provide a basis for our ￿Inion. We obtained an understanding of the legal and ￿gUlatOry
frameworks within which the charrtable company operates. f￿￿Sing on those laws and regulation8 that have
direct effect on the deleminalion of material amounts and disclosures in tho finat)cial stalemenls. The laws and
regulations we considered in this context were the Companies Act 2¢X%, The Charities Act 2011, logelhgr wf(h
the Charities SORP IFRS 102}. We asges5ed the reouiTed eomplianee w((h these laws and regulations as pail of
our audit procedures on the related financial statement rtems.
In addition, we consKlered pmisions of other l•¥s and regulations that do not have a direct effect on the
financial statements but compliance with which rn￿h1 be fvndamenlal lo the charitable company's ability lo
operate or lo avoid a material penalty. We also considered the opportunities and incenlNes that may exist wrthin
the charitable C¢)mpany for fraud. The laws and ￿u￿10n5 we considered in this context for the School were
The Educalion Ilndependenl School Slandafdsl Regulations 2014. safeguarding regulations, Health & Safety
legislalKJn, General Data Protection Regulat￿n8 ar￿ Food Hygiene slandards. Auditing standards limrt the
required audit procedures to identify non-compliance wrth these laws and regulations lo erbquiry of the Govemors
and other management and inspection of regulatory and legal correspondence. rf any.
We identffied the greatest fisk of material impact on the financkgl sL*ements frorn irregLFlarities, including fraud,
to be wthin the override of controls by management. OLtr audrt procedure5 to respond to these lisks included
enquiries of management. and the Finance Commrttee about their idenlrficab.on and assessment of the risks
of irregularities, sample testsng on other income and the posting of joumals, rev￿Ing accounting eslimales for
biases, reviewing regulatory correspondence with the Chanty Commission. Independent SchcK)Is Inspectorate,
Ofsted and reading minutes of meetings of those charged wrth govemance.
Page 16

## **THE MANOR PREPARATORY SCHOOL TRUST** 

**(A company limited by guarantee)** 

## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE MANOR PREPARATORY SCHOOL TRUST (CONTINUED)** 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non compliance with laws and regulations (irregularities) is from the events and transactiona reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non­ compliance and cannot be expected to detect non compliance with all laws and regulations. 

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.orq.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 its members, as a body, for our audit work, for this report, or for the opinions we have formed. 

## **Janette Joyce (senior statutory auditor)** 

for and on behalf of 

**Crowe U.K. LLP** 

Statutory Auditor 

Aquis House 49-51 Blagrave Street 

Reading 

Berkshire RG11PL 

Date: 7 February 2024 

Page 17 



THE MANOR PREPARATORY SCHOOL TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 JULY 2023
Unrestrlct•d
funds
2023
R•strfded Endowment
fund*
funds
2023
2023
Total
funds
2023
Tot81
lunds
2022
Income and
endowments from:
Donations
Chantoble adiviti8S'.
School fees
recetvable
Other Ine¢)me
other trading aetivrtie$'.
Letting income
Investments..
Bank interest
48.134
48,134
28,060
6.417.650
332.135
6.417.SSO
332,135
5,323, T47
375.409
26,041
26,041
17,830
232
Total Incorno and
endowmgnts
5,781.566
48.134
5,829,700
5, 745,278
Expondlturo on:
Raising funds..
Financing Costs
Marketing and
advertising
Charitable activities.
Schod operating
costs
96,221
96,221
64.490
77.266
77.266
82,905
5.886.821
17.103
13.900
5,917,824
5,646, 1T9
Total •xp•ndlture
8,000,308
17,103
13,900
6,091,311
793,574
Net rnovem•nt In
funds
(278.7421
31,031
113.900)
1261,6111
(48,296)
R8conclllatlon of
funds..
Total funds brought
forward
Net movement in funds
5.351,535
1278.7421
66.691
31.031
542,100
113.900)
5,960.326
1261,6111
6,008,622
(48,296)
Total funds ¢arrf•d
forward
5.072.793
97,722
528,200
5.698.715
5,960,326
The Statement of financ￿1 actm.ties includes all 9ains and losses recognised in the year.
The notes on pages 22 to 36 form part of these finanual statements.
Page18

THE MANOR PREPARATORY SCHOOL TRUST
{A company limited by guarantee)
REGISTEREO NUMBER: 02454554
BALANCE SHEET
AS AT 31 JULY 2023
2023
2022
FIX￿ as¥ets
Tangible assets
11
7,611.886
8,007,272
7.611,886
Current assets
8,007,272
Stocks
Debtors
Cash at bank and in hand
0,491
311.440
314.105
4,876
268.366
284,272
12
632,036
557,514
CredrtOTS.' amounts fdling due wrthin one
yeai
13
11.145,2071
(1. 104,455)
N•t curr8nt Ilabllltlo3
{513,1711
(546,941)
Total ass•ts l•#s Currènt Ilabllttlos
Creditors., amounts falling due after more
than one year
7,098,715
7,460,331
14
{1.400,0001
{7,￿?,(115}
Net a￿ats
6.698,715
5,960,326
Total n•t as••ts
5,698,715
5,960,326
Charlty funds
End¢)wmenl funds
Restricted funds
Unreslricled fun(Is
16
16
16
528.200
97,722
5.072.793
542, Ick)
66.691
5,351,535
Totsl funds
5.698.716
5,960,326
Page 19

THE MANOR PREPARATORY SCHOOL TRUST
IA company lirnited by guarantee)
REGISTERED NUMBER: 02454554
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023
The Govemors acknowledge their responsibilities for c¢yrP￿.ng with the requirements of the Act with respecl lo
accounting records and preparalK*n of financial statements.
atements were approved arKI authorised for issue by the Govemors on
The financial
61 V'ILLI
and ssgned on their behalf by".
Mr S M Formta
Go¥err￿r
The notes on pages 22 10 36 form part of these financial $tatemenl8.
Page 20

THE MANOR PREPARATORY SCHOOL TRUST
IA company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2023
2023
2022
Note
Cash flows provlded by operatlng actlvhles
Nel cash used in operating activit
18
316,087
440,916
Calh flowg from Inve*tlng aetlvltlo1
Dividends and intefesl r￿¢￿vable
Purchase of tangible fixed assets
232
(253,512J
{64,6871
Net c••h us•d In Invmtlng actlvltles
148,8471 {253,2801
Cash flows fr¢)m finan¢lng a¢tl¥ltl•s
Repayments of bom)wing
Interest payable
1100,OOS)
{76,088
(99,999J
(68,489)
Not cash usod In financlng acthiltles
1175,0931
1168,4881
Change In cash and Cash •qulvahnts In the year
Cash and ca8h equivalents at the beginning of the year
92,147
19,148
1132.6141 (151, T62J
19
CJ¥h and ¢•¥h •qufval8nts at thg gnd of tho year
19
140,4671
(132.614)
The nolos on page$ 22 to 36 lo￿ part ofthese financial ststements
Page 21

THE MANOR PREPARATORY SCHOOL TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
G•n•ral Infomiat5on
The principal current actmty of the Trust 1$ the operalKJn of an independent preparatory, pre-proparalory
and nursery school. The incorporated chanty {charity number 900347. company number 024545541. is
domiciled in the UK. The addiess of the iegistered oifKe ￿ The Manor Preparatory Sche￿1 Trust.
Farringdon Road, Abingdon, Oxon. OX13 6LN.
Accountlng poll¢l8s
2.1 Basls of pr•p•rntlon of flnan¢l•l ¥lal•m•nts
The financial statements have been prepared in accothnce with the Charitie8 SORP IFRS 1021-
Accounting and Reporting by Charrties.. Statement of Recommended PractKe applicable lo charrties
preparing their accounts in a￿rdance wrth the Financial Reporting Standard applicable in the UK
and Republ￿ of Ireland IFRS 1021 leffedive 1 January 20191, the Financial Reporting Standard
applicable in the UK and RepublK of Irel￿d IFRS 1021 and the Companies Act 2006.
The Manor Preparatory School Trust meets the definrtion of a publ￿ benefit entity under FRS 102.
Assets and liabilrties are inrtialty recc43nised at hisloncal Mst or transaction value unless olheThvise
staled in the ielevant accounting polw.
2.2 Golng concern
Desprte a challenging ￿ar where the school has faeed inereased co$1$ from high inflation and
significant increase in energy costs and Inler8sI rates, our pupil numbers have remained strong. We
started in September 2022 wrth 371 pupils and increased throughoLrt the year lo 389. We continue to
market the school aclwety and maintain hvjh levels of Inte￿St in the school wlh règular parent visits
and excellent attendance at Open Days. As a resutt. we started the year in September 2023 al
record number of 379 pupils on roll and expect this number lo increase throughout 2023-2024. Pupil
out¢ome3 aro excellent and the recent year 6 eohort received 31 awards and scholarships in Iheir
sen￿r ￿h¢?01 examinations to som8 of the most highty $eledive schools in the area. AS
consequence our repulatson remains strong and interest and registrations remain high.
Manaoemenl have continued lo review and reduce costs and have prc*Jueed financial models
showing the revised cash flows arKI future forecasts lo accommdale the uncertain polrtical and
economic threats on the horizon. The Ihfeat of VAT on sch¢)ol fees and the possible withdrawal of
business rates relief have the potentia lo create increased cost and uncertainty across the whole
independent education se¢tor. Plans arg being made lo ensure the school can minimise the impact
ol these threats as much as possible.
The Governors consider there are no material uncertainties relating lo going concem and that the
School has adequate resourees to continue rts acIN￿"e$ for al least the ￿efve months lo February
2025. Accordingty, they continue to operate on a going corKem basis in preparing the financial
slatemenls.
Page 22

THE MANOR PREPARATORY SCHOOL TRUST
{A company limited by guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Accounting pollcles Icontinu•dl
2.3 Tanglble fixed assots and d?pr•cÈ•tion
Tangible fixed assets costing £SOO or more are capitalised and recognised when future economie
benefits are Probable and the cost or vdue of th8 a88et can be measured reliabty.
Tangible fixed assets are inrtialty re￿nISed al cost. After recognrtion, under the Cost model. tsngible
fixed assets are measured at cosl less accumulated depreciation and any accumulated impaimenl
losses. All costs incurred lo bring a tangib￿ fixed assel into rts intended w0￿1n9 condition should be
included in the M￿sUrement of ¢o$l.
Freehold land is not depwialed. Dep￿1¥￿n on other assets is charged so as lo allocate the cost of
tangible fixed assets less their re$￿Ual value over their estimated useful lives, using the slraighl-line
method.
Depreciati¢M is provided on the follw'rvJ basis..
Building$
Long-lemi fixtures and frttings
Short-lerm fixtures and frttings
Motor Veh￿leS
Equipment and furniture
Computer equipment
Iseh¢)olloffice)
2.00% stra￿h141na
6.670A slraigh14ine
1S.OOO/• Straight4ine
20.0￿A slraigh14ine
15.0￿A straigh14ine
33.33% straigh14ine
1.4 st￿kty
stocks are valued at the Iu4¥er of cost and estimated net realisable value.
2.6 In¢om•
F•os rKglvabl•
School fees income c(ffiPfi59S the ¥￿u8 of amounts invoud for lurtion fees charged in respect of
pupils. They are slated after deducting any remissbon$ granted by the School in respecl of bursarie8
and allowances.
Olhor income
other income ccrfnprises the value of wnounls in respect of related services charged in rospecl of the
pupils. including regiStrat￿n fees.
Donatlons
Donations ￿eeNable for the general purposes of Ihe Charity are re￿rded separalety and any wishes
of the donorls) taken into account whenever and wherever piactical.
2.6 EX￿nditur*
Expenditure is included on an accrua15 basis and is reeognised when there is a legal or ￿nStructive
obligation to pay for expendrture. Costs have been direct￿ attributed to one of the functional
¢ategofies of resources expended in the Slalement of FinarKial Activrties. The school is not
regisleied for VAT and accordingty expendrture is shown gros5 of Irrecoverable VAT.
Page 23

THE MANOR PREPARATORY SCHOOL TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Accountlng pollcles (continu￿
2.6 Expendlturn Icontlnuedl
Expendrture in respect of the other support costs of the charity includes sch¢)ol trip$ expenditure.
recfurtment costs and general office co$l$.
Govemance costs comprise the cost of running the chanty, including exl8mal audit. Govemors, legal
adwce, and constitutional and sL*Lrtory compliance cosls.
2.7 Burnarf
Bursaries are ehaiged in the year when the offer is conveyed lo the recipient except in those cases
wher8 the offer is ¢¢￿d￿lO￿OI. Bursanes ao wognised as expenditure when the conditions
attaching are fulfilled.
2.8 Fund •ccountlng
Un￿triCted funds are nel ineoming r¢80urces gen8raled for expenditure on the general obieclives of
the charty.
Expendable endowThent funds are capital that rn intended to prowde long term benefrt lo the School
bul which are expendable at the discretion ol the Govemors. 8ubject to re8lriction8 imposed by the
donor.
Restrictgd fLtnds arg lo be useil for the sp￿lf￿ purposes laid d¢Y4vn by the donor. Expendrture for
those purposes is chaiged to Ihe fund.
2.9 kncept•nce d•poslts
The contract tafms under whieh atteptance deposits are hehy by the School have bgen reviewed.
Although under nomial circumStan￿S these will be repaid over future years when the pupils
complete their education at the school. pupih can leave at earl￿r dates. The School does not
therefo￿ have an uncondrtional nghl lo retain the individual deposits for at least 12 months after thè
balance sheet dale and, in line with the requirements in FRS 102. the balance of the deposits heFd at
the balance sheet date have been included within cuffent l￿bilitIes. The prior year acceptsnce
deposits balance has been similarty represented.
2.10 Pen•lon8
The Schc¢)I has contributed lo APTIS, a deffined contribvtion pension scheme on behaK of leaching
staff. The a55e15 of the scheme a￿ held separately from those of the School. The pension cost
harges represent conlnbutions by ttte Schod to the scheme, which is recognised when they become
payable.
The School also Contributes to a pension scheme for non-teaching staff PTov7ding beneffts based on
a defined ¢onlribLrtKsn scheme. The assets of the scheme are held separately from those of the
Sch(xJl. The pension ¢osl Charges represent contributions by the School lo the scheme, which is
recognised when they become payable.
Page 24

THE MANOR PREPARATORY SCHOOL TRUST
IA company limited by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Accountlng pollcies {contInU￿)
2.11 Opgrntlng 1ga¥es
Rentals paid undef cyerats'ng ￿aSeS are charged lo the slolemenl of financial activrties on a Stra￿hl-
line basis over the lease lemi.
2.12 Flnanclal Inslrum•nts
Basic financ￿1 instruments include deblors and creditors. Debtors and creditors are inrtially
recognised at transaction value and subsequenlty measured at amortised cost. Note 15 provides
more infom)alion on financial in$lrumenl$ where future cash flcws are anlicipaled, with financial
assets referring lo cash and debtor balances excluding prepayments. and financial liabilities referring
10 811 credilof balances excluding deferred income and lax and social security.
Crltlcal a¢¢ountlng utlm•¢•s and •r•as of Judgmont
In the application of the chantys accounting pcAici88. vthich are described in Note 2. Govemor8 are
required to make judgements, e$limale$ and assumplh)ns about the cal￿ng values of assets an
liabilities that ale not readily apparent from other sources. Actual r6sulis may differ from these eslimale8.
The Governors consider Ihat there are no malerial iudgerrenls in app1Wr￿ accounting polithas or key
sources of eslimalion uncertainty.
School f•es
2023
2022
Gross fees
Less.. 8ursaries and alkwances
6,906.832
5, T30,809
1489,282) 1407,062?
5,417,550
5,323, 747
Charltablg 4ctlvttl83
2023
2022
Chargeable extras- Income
Registration fees
323,002
9.133
365,584
9,825
332.135
375,409
Page 25

THE PIANOR PREPARATORY SCHOOL TRUST
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Expendlture on raislng lund8
Costs of ralslng voluntary Income
Unrestrlcted
funds
2023
Total
funds
2023
Tot
fvnds
2022
Bank charges
Interest pa*J
Bad debt provision
Marketing and adve￿$•n4
3.083
75,088
18,050
77,266
3,083
76,088
18.050
Tl,266
3.030
68.489
(7,029)
82,905
173.487
173.487
147,395
Total 2022
147,395
147,395
An•ly•5s of •xp•ndSturg on charftabh a¢thittlos
Summary by fund type
Unrnstrictod Restricted Endowment
funds
funds
fund$
2023
2023
2023
Total
2023
Tot81
2022
Teaching costs
Weware costs
Premises costs
3.608.S45
543.995
763,851
970.430
3.608,$45
$43.995
777.751
987.633
3,429, 197
562,823
654,802
999,357
13.9
Support cost5
17.103
5.886.821
17,103
13,900
5.917,824
5, 646, 1T9
Total 2022
5,611,694
20,585
13,9
5,646, 179
Page 26

THE MANOR PREPARATORY SCHOOL TrUST
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Analysts of exp•nditure on charltsble actlvitlos (contlnued)
Summary by expend¢turn typ
Staff costs D•pr¢clatlon Other costs
2023
2023
2023
Total
2023
Total
2022
Teaching costs
Weware costs
Premises eosls
Support C￿1$
3,113,707
87.139
186,312
524,934
243,194
251,644
456,856
396,610
450,549
3.608.545
S43.996
777.761
987.633
3,429, 197
562,823
654,802
999,357
194.829
12,050
3,912,092
450,073
1,555,659
,917,824
5,646, 179
Tot812022
3,687.352
455, 120
I,￿3, 707
5.646. 179
N•t Incomlng r•8ouvc
2023
2022
Net Incomlng resourc¢8 are Stat￿ •ft•r charglng:
Depreciation of tangible fixed assets
Auditors, remuneration- audit fees
450,073
15.250
455, 120
13,600
Staff costs
2023
2022
Wages and salaries
Social securty cosls
Contribution lo defined conlribution pension 8chemes
3,261.131
322,426
328,535
3,060, 119
301,286
325,947
3,912.092
3,687,352
Page 27

THE MANOR PREPARATORY SCHOOL TRUST
(A company lirnrted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Staff costs (contonu￿
The average number of persons employed by the chanty during the year wa5 as follows..
2023
2022
T8aching'
Support
Premises and Welfare
82
21
17
77
20
18
120
115
eaching staff include lè*hets. lèachiro assislanls and club
The number of employees whose employee benefrts {exdl￿ln9 empbyer pension c051s) oxeeeded
£60,000 was..
2023
No.
2022
No.
In the band £60,001 - £70.OLKI
In the band £130.001- £140.000
In the band £140.001- £150,C
Retirement bendrts are accFuing for the four (2022.. crt) hi9her paid empl¢)yees. ConlribLrtion8 in
the year lotalled £10,333 (2022.. £7,615).
Key management pernonnd comprise Ihe GovemoTS, H&adma$ler, the Ivh) Deputy Heads, Diwlor of
Finance and OperalKJns and Head of Pre Prep. Their aggregate employee benefits for the year lincluding
employer's Nl and employerfs pension conlributionsl are £511.471 (2022." £382.578).
Inforniat￿n regarding Govemor remuneration can be found in notè 24.
There were no lerminalion payments in the pe￿d (2022.. £Nil).
10. Taxatlon
The Manor Preparatory School Trust is a chanty and is entrtfed for the current and prior year lo the
exempl¢ons provided by Se¢tK*n 505 Income and corporab.on Taxes Act 1988.
Page 28

THE MANOR PREPARATORY SCHOOL TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
11. Tanglble fixed assets
Other
Flxtures.
freèhold
fittings,
land & furniture &
building$
uipment
Church
Farm {see
note 161
Motor
v•hlclei
Total
Cost or valuatlon
Al 1 August 2022
Addiltons
695.000
9.159.559
3.525,572
54.687
112.641
13,492,772
54,087
At 31 Juty 2023
696,000
9.159.S59
3,680.2Sg
112.641
13.547.469
D•pr•clatlon
At 1 August 2022
Charge for the year
152,900
13,900
2,811,854
180,929
2.414,917
252.983
106,829
2,261
6,485,500
450.073
Al 31 2023
166.800
1992.783
2.667.900
108.090
5,936,573
Net book value
At 31 Juty 2023
628,200
6.166.776
912.359
4.S61
7,611,886
At31 July 2022
542. 1CiI
6,347, 705
1, 110.655
6,812
8,007,272
12. Dfjblor&
2023
122
Tr8de deblof8
PrepayThen15 and accrued inrAJffle
Other debtors
108.408
181.632
21.500
138,279
130,087
311.440
268,366
Page 29

THE MANOR PREPARATORY SCHOOL TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
13. Creditorn: Amounts falling due within one year
2023
2022
Bank o¥èrdraft5
354,572
100.000
161,322
218,971
85.143
11.099
224.100
416,886
99,999
129,449
166. 126
73,426
4,669
213,900
Bank loans
Trade credrtors
Accruals and defefred income
Other taxation and soctal securty
Other credrtors
Acceptance deposrts
1,145,207
1, 104.455
Acceptance deposrts are repayab￿ in th8 event of one temi's notti being received for the withdrawal of
pupils.
14. Cr•dltorn: Amounts falllng du• after morn than on• year
2023
2022
Bank loans
1,400,000
1.500,CQ5
Included within the above are ￿0￿nts tslling due as follows..
2023
2022
Between ono and two yearn
Bank loans
100,000
99,999
Between two and five yearn
Bank loans
300.000
299.997
Over flve yoar5
Bank knans
1.01)0,000
I, l¢X),009
Two loans of £1.000,000 *ere laken in March and June 2018 to cover the construction of the sports
hall. Loan one has interest charged al a fixed r*e of 3.465% for 10 yeats %wth the full balan￿ repayable
al the er￿. Loan 2 was Tenegoliated during the year and new lemis agreed. effective from June 2023 the
seh¢)ol has committed to a 2 year variable rate of interest at 1.7% plus BOE base rale with Capital
repayTnents of £100.000 per >Ear. The Loan is subj.ect to further rene9Othknns after hvo ygars.
The £950k overdraft facrfrty and loans are secured by a W charge over the assets of the charity.
Page 30

THE MANOR PREPARATORY SCHOOL TRUST
{A company limited by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
15. Flnanclal Instruments
2023
2022
Flnanclal assets
Financ￿1 asset8 measured at amrtised cost
444.013
422,551
2023
2022
Flnanclal Ilabllltles
Financial liabilrt*s measured at amortised cost
2.398,382
2,496.301
Included within financial 8s8els hekl al amortised co81 are Ifade debtors, other debtors and c85h al bank.
Included within financial liabilrties hekl at amortised cost are bank kians, trade credrtors, accruals,
acceptance deposits aThJ other credrt¢YS.
Page 31

THE MANOR PREPARATORY SCHOOL TRUST
IA Company limited by guarante¥l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
16. Ststement of fvnds
EX￿ndable èndowment furbd5:
During 2006, the School was grfted chU￿h Fann. At that time the grfl was professionally valued al
£695,000. In the event that the School were to dispose of rts interest in Church Farm in the foreseeable
future. the prctee(Is may be recwved by anothef. unconnected charitable trust and consequently thi5
grft has been accounted for as expendable endowinent.
Statsment of funds- curr•nl y•ar
8*l•nce •t 1
Augu$t 2022
Balancè at
Income Exp•ndlture 31 July 2023
Unr•strl¢t•d fvnds
General Funds
6.361.635
5.781.566 (6,060.3081 6,072.793
Endowmont lunds
Endowment Fund
642.100
113,9001
528,200
Ro¥trfct•d fund•
Mar￿r Association of Parents IMAP)
SHUS
31,777
34.914
34.867
13.267
115,0691
12,0341
61,575
48,147
66,691
48,134
(17.103)
97,722
Total of fund•
5.960,326
5,829.700 16.091,3111 5,698,716
Page 32

ThE MANOR PREPARATORY SCHOOL TRUST
IA Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
16. Statement of funds (continued)
Statemènt of funds- prlor year
Balance 81
f August
2021
Incom8 Expendilurg 31 July 2022
Unro¥trfctod fuDd•
General Funds
5.393.406
5, 717,218 (5, 759,089) 5,351,535
Endowment lunds
Endovrnenl Fund
(13,900)
542, 1CQ
R•8trfcl•d lunds
ManorAssocialion of Pa￿nIS IKAPI
SHUS
30.90T
28,309
15,040
13,020
(14, 1 TOJ
(6,415)
31,777
34.914
59,216
28.060
f20,585)
66,691
Total of fund•
6,CQ8.622
745,278 (5. 793,574) 5,960,326
17. Analysls of net assets between funds
Analysls of n•t assèts b•twè•n fundi - current ye*r
Unrnstrlctod Re8trict8d Endowment
lunds
fund$
fund8
2023
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due wrthin one year
Creditors due in more than one year
7.083,686
$34,314
{1.145.2071
(1,400.000)
528,21XS
7,611,886
632,036
11.145.207)
(1.400.000)
97.722
Total
5,072.793
97,722
528.200
5,698,715
Page 33

THE PAANOR PREPAFIATORY SCHOOL TRUST
IA company limited by guarante•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
17. Analysis of net asuts b91￿n funds {continuedl
Analysh of net assèts between funds- prlor y￿r
UnTrslncled
funds
2022
Rosliycted Endowment
lunds
funds
2022
2022
Tolal
lunds
2022
Tangible fixed assets
Current assets
Credrt¢n dué within onè ￿ar
Credrtors due in more than one year
7,465, 172
490,823
(1, 104.455)
(l.5￿.1X￿j
542, 100
8,007,272
557,514
(1, 104,455)
{1,5￿,005}
66,691
Total
5,351,535
66,691
542, 100
5,960,326
18. R•conclll•tlon of not movem•nt In fund• to n•t cmh flow from op•ratlng actlvltl•s
2023
2022
Net expendrture lor the year las per Stateff￿1 crf Financial Adivitie8}
(261,611
{48,296)
AdJu8tm•nts for:
Intere$t recewed
Interest paid
Depreciation charges
Ilncrea8elldecrea8e in stocks
{Increaseydecrease in deblor8
IncreaselldécTrasel in credrtor8
IS,8401
75,088
450.073
11,615
143,0741
103.066
(232J
68,489
455, 120
455
64,032
(98,652J
N•1 cash provld•d by op•r•tlng ad6vlti••
316,087
440,916
19. Analysb of ush •nd cash •qulvalgnts
2023
2022
Cash in hand
Overdraft
314,105
1354,5721
284,272
(416,886)
Total cash and ¢ash •qulvalents
(40.4671
(132,614)
Page 34

THE MANOR PREPARATORY SCHOOL TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Analysis of changos in net debt
At 1 August
2022 Cash flows
At 31 Juty
2023
Cash at bank and in hand
Bank overdrafts repayable on demand
Debt due wrthin 1 year
Debt due after 1 year
284.272
(416.8861
199.999}
11,500,1)051
29.833
62.314
314,106
{364,5721
1100,0001
100,005 11.400.000)
11.732.618)
192.151
11,540,467)
21.
Capltal cornrnStments
At 31 Juty 2023 the schtr)I had no wrtal commilments (2022.. £Nil).
22. Penslon commltrnents
The School has ￿ntrib(￿ed to APTIS. a defined contribution pension scheme on behaff of leaching staff.
Contributions lotalling £260,861 (2022.. £257.535) were payabl8 to the ￿hame for the year.
The School al￿ conlribules lo a defined cofilribuiion group pension scheme for non-leaching staff.
Contributions totalling £67,673 (2022.. £68,4121 were payable to the scheme for Ihg year.
There wer& Unpa￿ contrt¥ut￿5 of £9,997 (2022.. £10,054) at the year end.
23. Opèratlng l••s• commlimènts
At 31 Juty 2023 the charity had ¢ommitment$ lo rnake future minimum Igasg payments under non-
cancellable operating leases as follw..
2023
2022
Not later than 1 year
Later than 1 year and not later than 5
192
2.483
192
192
2,675
Page 35

THE MANOR PREPARATORY SCHOOL TRUST
IA Company lirnited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
24. Related party transactlons
£3,600 (2022.. £4.9Xt) was paid lo Carter Jonas during the year for professional services where S J
Mcconnell (Govemorl was a partner. £Nil was oulslanding to the fim at thè yearénd (2022.. £Nil).
A Stokès was paid £Nil in the year in respect of her work as a suppty teachor (2022.. £4.044).
No Govemorn have been paid in relation to Ihgir ￿le as Govemor.
Close members of th8 Govemorfs and the Key Management Per￿nn81'S famity Inoted on page 1) are
paid a total salary of £135,782 {2022.. £134,440). Afi close relaltves are or have been employed by
the school have a slandard contract of employment and their salaries are deemed as part of a full Staff
salary review whKh is appft)ved by the Govemors.
Page 36