REGISTEREI D COMPANY NUMBER: N1012003 (Northern Ireland)
REGISTERED CHARITY NUMBER: 103712
Report of the Trustees and
Audited Finaneial Statements
for the Year Ended 31 August 2024
for
Holywood Steiner School Limlted
M.B.McGrady & Co
Charteird Accountants
Statutory AuditOl5
Suite 2B
CBdogan House
322 Lisburn Road
Belfast
Co. Antri
BT9 6GH

Holywood Sttlner School Limited
Contents of th¢ FillantlAI Stat¢mentS
for thc Year Ended 31 August 2024
Page
Referenee and Administrntlve Details
Report of the Trustees
Statement of Trustee5' Responsibilities
Report of the Independent Audltors
10 to 13
Statement of Financlal Aetivitles
14
Balance Sheet
15
Cash Floiv Statement
16
Notes to the Financial Statements
17 to 29

Holywood Steiner School Limited
Reference and Administrative Detail$
for the Year Ended 31 August 2024
TRUSTEES
Ms Caroline Mary Ball- Filin Producer (resigned 2115ll024)
Mr Garret O'Faohtna- Trade Union CooTdinator (appointed
211512024)
Mr G¢rry Warwick- Accountant {resigned 211512024)
Mrs Mary Roulston- Retired Tea¢her (resigned 211512024)
Ms Jenny Holland - Company Director (appoinled 211512024)
(Tesigned 301112025)
Mr Michael Denny- Convnercial Manager (appointed
311112023) (resigned 301912024)
Ms Ashling Gray- Solieitor {appointed 181112024) (resigned
301612024)
Ms Dominique M¢garry- Manager (appointed 111312024)
Mr Da￿en Moffett- M3Tketing Director (resigned 291512024)
Mr Chris Preston - Company Director (resigned 211512024)
Ms Aoife Cunningham - Youth worker (appointed 211512024)
Mr Andrew Charles Gray (appointed 11412025)
MT Trevor Willis (appointed 11412025)
Ms Lauren SiEnpson- Veterinary Surgeon (appointed 2115r2024)
REGISTERED OFFICE
34 Croft Road
Hol>ryvood
Co. Down
BT18 OPR
RECISTERED COMPANY
IYUMBER
NIO12003 (Northern Ireland)
REGISTF.RKD CHARITY
NUMBER
103712
AUDITORS
M.B.McGrady & Co
Chartered Accountants
Statutory Auditors
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antiiin
BT9 6GH
BANKERS
Bank of Ir¢land
l Donegall Square South
Belfast
BTI 5LR

Holywood Steiner School Limited (Registered number: N1012003)
Report of the Truslees
for the Year Ended 31 August 2024
The trustees who are also directois of the charity for the purposes of the Companies Act 2006, present their report with
the financial stalemenis of the charity for the year ended 31 August 2024. The trustees have adopted Ihc provisions of
Accounting and Reporting by Charities.. Statem¢nt of Recoinmended Practice applicable to charities preparing their
accounts in accordance wilh the Finartcial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effeciive l January 2019).
The Report of the Trustees incorporat¢5 the Strategic Report.

Holywood Steiner School Limited (Registered number: N1012003)
Report of the Tru5tee5
for the Year Bnded 31 August 2024
OBJECTIVES AND ACTIVITIES
Objectives and alms
Introduction
Founded in 1975, Holywood Steiner School (HSS) operates as a co-educational and independent sehool thal offers the
Steiner Waldorf curriculum for students aged from 3 10 17 years old.
Unlike Inainstreain education, the Waldorf Inodel provides the time and space for each Child to learn and grow at their
own pace. allowing them Éo fully grasp a ¢ot)cept or achieve a skill when they are ready. The school strives to provide a
rich, diverse and integrated education, where cooperation takes priority over competition.
HSS is a Inember of Waldorf UK fornierly known as the Steiner Waldorf Schools Fellowship of the United Kingdom
(UK) and Irelatjd. The Fellowship represents 22 schools and ¢o-ordinates Steiner curriculum research and developiment,
suppoils teacher training programmes, and provides advisory and mentoring services to mejnber schools. The
Fellowship 15 part of the international European Council for Steiner Waldorf Education (ECSWF,) comprising 26
national St¢in¢r Waldorf Associations, representing over 680 schools in Europe.
Mission, Vision and Values
HSS'S mission is to 'inspire studenls through the delivery of th¢ Steiner Waldorf Curriculwn and develop a strong
¢onn¢¢tion between children and their teachers"
Its vision is to 'engage the head, the heart, and the hands, enthuse the child with curiosity and a sense of wonder for the
world and inspire a love of learning that will last a lifetime"
HSS, values are set out below..
Acceptance - we recognise our responsibility to nurture the child. We aim to prepare students for life in a ¢ulturally
diverse society by developing tolerant, articulate, Inotivated and Inature individuals.
Connection - a meaningful relationship ￿5 fostered between the child, leacher, and class. Parents are iiDJner5¢d into their
¢hild's school life and frequently involved within the school community.
Love of learning - we encourage all childi'en, regardless of ability, to find the joy in learning. to beli¢Ye in th¢mselve5
and to be motivated to succeed in their chosen path in life.
Independence our priority is to 5UPPQrt every ehild and provide them with f)rn) foundations so that they Can d¢velop
int(> free thinking, morally responsible, and confident memb¢rs of so¢i¢ty.
The Board of Trustees has followed the guidance issued by the Charity Commission in deciding what activities the
charity shoiild undertake. The objective for the school during the year was to continue to pi'ovide a quality Steiner
Waldorf education in the Early Years and Lowei. School and to provide a balanced and quality ¢duc8tion in the Upper
School based on both Steiner Waldorf and National Ciirriculuins. The ongoing support of the College of f¢a¢hers' and
their continuous work enstjres the essence of the Steiner Waldorf Curriouluim remains strong in the school.
The objective of increasing th¢ nuinber of 5hLdents enrolled whilst maintain an environment conducive to delivering a
quality Steinei. Waldorf education was cojitinued fix>m the year 2022123 As well as developing a fundraising plan to
suppoi't the incojne fgr the school from sources othei. than school fees.

Holywood SteiRer School Limited (Regl$t¢red number: N1012003)
Report of the Trustees
for the Year Ended 31 August 2024
OBJECTIVES AND ACTJVITIES
Slgnificant aetlvltles
During this year, the school's enrollment WAS 152 students, which repirsents an overall incr¢as¢ from the previou5
period. This is disaggregated as follows..
Preschool (3-4 years old}- 12 (full capacity)
Kindergarten (4 6 years old)- 9 (down from 17 in th¢ pr¢viou5 period)
Lower School, classes I to 7 (6 . 14 year5 old)- 71 (up from 58 in the previous period)
Upper School, classes 8 to 11 (13 - 17 y¢ars old) 60 (up from 51 in the previous period)
The school is yet to r¢ach capacity and is actively promoting itself and seeking new students, not only to increase income
to the school, but also to enhance the pedagogic environment ¢onduciYe to a Steiner Waldorf ediication.
Walkthrough opportunities and a one-to-one wilh the Head Teacher egntinu¢ to be key in the promotion of the school
and its offer. There were 34 walkthroughs during this financial year that resulted in 16 new students. In addition, group
wa]kthrough mornings were scheduled and publicised acros5 Ihe community and on digital channels such as the school
website, with considerable interest and attendan¢e noted.
The traditional eommunity-facing events took place thi5 year with the re-inti'oduction of the Eastei. Fayre and the very
success￿7 Chrishngs Trayre. Boih events helped raise vital funds for the school as well as PToviding an opportunity to
raise the school's profile within the cominunity.
During this reporting period, the school appointed the following new posts that C02ninenced in Augusi 2023:
Kindergarten Assistant
Upper School Art and Geography Tea¢heT
Upper School Maths and Science Teach¢r (who replaced the pr¢vious teacher who left after Imany yea￿, service)
Class One'feacher
Class Six Teacli¢r
Volunteers
The school relies heavily on volunteer aetivity for a significant amount of work, particularly in areas such as..
Fundraising
Public Relations (PR) and development
Ground5 keeping and maintenanc¢
The Parents & Friends Association {PFA) continues to raise vital fund5 for the school e.g. coffee and craft morning5 for
parents.
STRATEC.IC REPORT
Achievement and performance
Charitable actlvities
Key achieveinents duTiDg the year included..
Preschool received an oulstanding annual inspection report with no areas for improveinent highlighted by Social
Services.
The School's Professional Developmeni Framework was introduced and the niiinber of staff availing of Continuing
Professional Developinent (CPD) increased from 14 to 18 during the period. Consequently, the annual budg¢t for
Coiitinuing Professional Development (CPD) was increased by 15 /•.
The 3-year School Development Plan (2022-2025) was introdiiced.
The whool introduced a siiccessthl 5tt]dent council and exteimal coun5elling service.
21 out of 24 key priorities wcr¢ achieved, leading to an iTnproved provision and experience for pupils. For exainple,
88 % of pupils achieved 7 A*
C GCSE glade5 including English and Matlis in 2023 (up 2 percentage points from the
previous yeai.). These GCSE results continue to be well above the Northern Ireland average5.

Holywood Steiner Sehool Llmlted (Reglstered number: N1012003)
Report of the Trustees
for the Year Ended 31 August 2024
STRATEGIC REPORT
Financial revieiv
Finaneial positlon
Th¢ TTU5te¢s report a deficit of £6,851 for the period, with income of £738,671 and expenditure of £745,522.
When compared to the previous period..
Income increased by £49,451 (froin £689,220), whi¢h is largely du¢ to an in¢r¢8se in student fees..
Expenditure increased by £40,495 (from £705.027), which is due to increased staff costs and incr¢a5¢5 in running
Costs.
As of 315t August 2024, bank 2ceounts have a credit balance of £136,592.
The greatest financial risks relate to the oveTall operation and sustainability of the school, along with the maintenance
and repair of the physical buildings and its environs. Given that over 85¢10 of the incoine 15 derived from th¢ school fees,
there is a significanl risk if student enrolinent decrease5 or reinains static in future years as the school will then risk
operating in a deficit (which is unsustainable}. Indeed, this has b¢et] the case for several of the years preceding this
period. With the proposed VAT introduction by the Labour govemment this poses further risk to the school with loss of
pupil numbers due to the additional VAT wsl on school fees.
The Board of TTU5tees r¢eognises that ihe continued success of the school (including its financial viability and
sustainability) needs to be based on a stTat¢gy fo¢u5ed on encouraging student enrolment and student retention, coupled
with an Annual review of fees to fully coyer operating costs. Th¢ Capacity for growth is also recognised as key to
increasing salaries for teacher5. Thi5 needs to be carefully balanced with the strong desire to Continue delivering a
quality Sreiner Waldorf education, one that fuifils the 5¢hool's stated mission, vision and values.
An agyement with the Cainphill Cominunilies has been reached to start repaying an historic l(Yan, to the ainount of
£64.125 dating to 2003, with the first payment of £14,165 to be mad¢ in the financial year 2024125, reducing the
school's liabilities over the next five years.
Additionally deposits for pupil place5 have been ring-feneed and sepai?ted from the oper8tit]g cash flow to protect
fi]nds.
Reserves PDIicy
The charity had TeseTves of £353,134 at the year end. This is made up of £175,052 in gen¢ral unrestricted fvnds,
(£73,907) of designated funds and £251,989 of restricted fund5. The designated funds relate to a historic defined benefit
pension liability.
The Board of Trustees seek5 to actively manage th¢ finances of the school to ensure that activities are sustainable for the
benefit of all stakeholders. Following best practice guidance, the Board of Trustees ha5 developed a Reserves Policy 85
this is an important part of financial management and forward f￿ancial planning.
The Board of Trustees is defining strategies including designating a portion of in¢om¢ from f¢¢s, a calendar of p13nned
fiindraising activities, and sustainabl¢ income from other activities and use of assets to generate sutTicient reserves that
will service 3-6 months of operating cost5 should there be unexpected events (such as An annual operating deficil or
unforeseen and anoit)alous expenditures) an(Vor shortfa115 in incoime (e.g. a reduction in ineoine associated with a
decrease in 5tud¢nt numbers).
Goiiig ¢oneern
The trustees believe that the charity will continue as a going concern. The trustees and the Headteacher. supported by the
staff, are in the process of delivering the school's Strategy 2025, with a view to Ilpdating this sh'ategy (up to 2027) irt the
coining nionths. The continued succes5 of the school (including its financial viability and sustainability) will bc based on
this strategy wliich will focu5 on ¢n¢ouraging sludent ettrolinent and stiident retention, coupled with an annual review of
fees and alternative slreains of incoine and ￿nd-raising activities to fijlly cover operating costs and contribute towards
our reserv¢s.

Holywood Steiner School Limited (Registered numb¢r: N1012003)
Report of Ilje Trustees
for the Year Ended 31 August 2024
STRATEGIC REPORT
Principal ri5k5 and uncertainties
The Board of Trustees is responsible for the management of risks faced by the school. Detailed consideration5 of risk are
delegated to the team5 established to deal with each of these areas. Risks are identsfjed and assessed, and contro15
es(abli5hed throughout the year. Key controls used by the charity include..
Formal 8g¢ndas and miniiles for all Board related activities.
Detailed goals, objectives and tasks for all school teams.
Coinprehensive strategic planning, budgeting and inanageinent accouniing.
Formal ￿￿Illen policies and procedur¢s.
Vetting and child protection pi'o¢¢duTes as required by law for the protection of lh¢ students.
Through th¢ risk Inanagement processes established for the school, the Board of Trustees is satisfied ihat ihe i￿aJOr risks
identifjed are being adequately Initigaled where necessary. It 15 recognised that 5y5tems Can only pi'ovide reasonable but
not absolute assurance that Inajor risks have been adequately managed. The Board of Trusiees continues to work closely
with the Head Teacher to update ih¢ risk register. risk assessment processes and review areas of major risk within the
School.
Future plans
The Board of Trustees and the Headteaeher. supported by the staff, are in the process of delivering the school's Strategy
2025. with a view to updating this Strategy (up to 2027) in the coming Inonths. The ajnbition Set out in that suztegy for
the school remains io transforin the school fvoin a local, hidd¢n treasure, to a sch901 of regional and international
standing, recognised for delivering an outstanding creative educational pi'ogram to each individual child, and instilling a
love of learning in thein.
The Board of Trustees recognises that collaboration and engagement with the wider school community, including
teachers and parentslearers, is ci'ucial to..
Help identify strength5 and areas for iinproveinent.
Infoiin the school's dcvelopinent plan., and
Drive the scliool's Browth and eft5ure continual enhancement in edu¢ation.
To siipporl a shdred cOl￿nitJI]ent to excellence, the Board of Trusteeg sought the views of teachers and parentslcarers on
several aspects Irlating to the school. Emerging priorities froin thi5 exercise include..
Maintaining the substantial achieveinents made in pre-school and lower sehool, Mthile acknowledging there are cultural
and educalional n¢eds that must be addressed in the upper school.
The school's physical buildings aiid its environs require fvrther maintenance and repair (and capital invesbnent} to
support educaiional ¢nhancement.
Thc inlention of this collaboration and engagement extends to inaking Sure the wider School ¢orninunity is aware of what
the school reqt]ires to increase its resei'ves fiind in line with the appropi'iate fmancial governan¢e of the school's
charitable status and its business operational requireinents.
The Board of Trustees recognises the external post pandeinic envirojunent withiti which the school opeTates remains
uncertain, due to Inacro political, legislative, economic and social challenges. Therefore, Ihe continued success of the
School (including its financial viabil￿ty and sustainability) needs to be based on a Strate￿ focused on encouraging
student enrolinent and 5ttident retciition. coupled with an annual I'eview of fees lo fully cover operating costs, with a
view to generating additional reserves in the next 3 year5.
Our future plans contitjue to b¢ ainbitious, and it will be important to review progress on an ongoing basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Covernlng do¢um¢nl
Holywood Steiner School Liiniled (HSS) is a registered charity, which is controlled by its goyerniiig docuinent, a deed
of trust, and constitutes a liinit¢d coinpany. limited by guarantee, as defined by the Coinpanies Act 2006.

Holywood Stelner School Limited (Registered number: N1012003)
Report ofthe Trustees
for the Ye8r Ended 31 August 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Reerultment and appointment of new trustees
New meinbership for the Board of Trustees involyes recruitinent campaigns made via several channels, including the
school website and advertising on voluntary and ¢harity 5¢Ctor websltes. New members are fornjally recruited and
appointed, as per the Articles of Association. Trusteeship is rdtified at the Annual General Meetin
New tll￿teeS receive the relevant documents including infoTination about the role of adininistration at a Steiner or
Waldorf school. A ski115 assessment of the Board is carried out on an annual basis. More fonnal training is also
Scheduled on an annual basis with NICVA lTrloithern lieland Council for Voluntary Action) and the Steiner Waldorf
Fellowship.
Declslon maklng
The Board of 'frustees is r¢5ponsible for the effective govemance and overall legal and financial manageinent of the
school. The full Board of Trustees meets once a month throughout the year, and it designated the following sub
commirtees..
People & Culture Sub Committee - overseeing policies, T￿nIstr￿ent and compliance. The work of smpleinenting
policies is supported by both teaching and non-teaching teams.
D¢v¢lopment Sub Committee- overseeing the development of the school (in terms of the physical assets, grounds and
maintenance, the charitable and ¢ducation21 activities etc.).
Finance Sub Committee- overseeing incom¢ and expendiiure and financial related matters.
The sub-committees 41so meet monthly and present reconunendations to the full Board of TNstees.
The Board of Ti'ustees appoints leinploys) all members of Staff, It delegates responsibility for the effective management
of the school to the Head Teacher and the College of Teachers. The task of the Board of Trust¢e5 1$ to hold an
awai'eness of. and make decisions about, what 15 in the best long-temi snteresis of the whole school.
The Headteacher, supported by a Senior Leadership Team, is responsible for the effective leadership and managejnent of
the school.
All Trust¢e5 and the Head Teacher are also invited to participate in a strategic development workshop bi-annually. In
addition, a strategy session with staff was held to gain their valuable inpiit on the school's Strategy 2025. with a view to
updating this strategy {up to 2027) in the coining months.
Escalation of issues that arise that cannot be re501v¢d following the documented processes can be escalated directly to
the Board of Trustees.
Key mBnagement remuneratlon
The remunergtion for senior management is based on similar posts and corresponding pays¢al¢s funded by the
Deparrinent of Education Nl. The IneTllbers of the Senior Leadership Teain (two Heads of School and a Learning
Support Coordinator) are paid an additional £120 per Inonth, oth¢]Trvise referred to in the education sector as a salary
point for Irsponsibility. A salary point paid for by the Department of Education Nl is over £200 per Inonth.

Holywood Stelner Sehool Limited (Registered number: NJ012003)
Report ofthe Trustees
for the Year Ended 31 August 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Wlder network
The school has been a member of NICVA (Northern Ireland Council for Voluntary Action) since January 2008 and as a
meinber it Can avail of advice and services. The school is a member of the Steiner Waldorf Schools Fellowship which
provides advice, training and a link to other UK and Irish Steiner schools.
The Holywood Steiner School wa5 founded in 1975 to provide a St¢inerlWaldorf education in Northern Ireland. The
Holywood SteEnei' School Limited is a company IiEnited by guaiantee ftsunded in 1977 ￿ld is regisiered as a ¢haritable
coinpany with the HM Revenue & CustoJn5 the Charity Coll￿nISsion foT Northern Ireland. Its i'¢gisteT¢d office and
main business address is 34 Croft Road, Holywo¢)d, Co Down, BT18 OPR.
The structur¢ of the Charity during 2023124 ¢onsi5ted of the Board of Trustees who managed the business of the
Association. The Headteacher managed the School with assista0¢¢ froin the administration team and Early Years, Lower
School and UppEr School Teaching representatives.
AUDITORS
The auditors, M.B.McGrady & Co, will be proposed for re-appoiniment at the forthcoming Annual General Meeting.
Report of the ir
stees, incorporating a strategic report, approved by order of the board of trustees, as the coinpany
diiectors. o
. . %l-Lo .-&).k.f........... and signed on the board's behalf by..
Ms Lauren Simpson- Trustee

Holywood Stelner School Limlled
Statement of Trustees, Responsibilitie5
for the Year Ended Jl August 2024
The tn]5tees (who are also the directors of Hol￿v00d SÈeinei' School Limited for the purposes of company law) are
responsible for preparing ihe Report of the Tn]stees and the finat)cial statements in accordance with applicable law aT)d
United Kingdom Accounting Standards (United Kingdom Generally A¢ceptcd Accounting Practice).
Cotnpany law requires the Irustees to pi'epare financial statement5 for each fiiiancial year which give a true and fair view
of the state of affair5 of the charitabl¢ ¢oinpany and of the incoining resources and application of resource5, incliiding
the income and expenditure. of the chai'itable coinpany for that period. In preparing those financial stateinents, the
trustees ar¢ required to
select suitable accounting policies and then apply them consist¢nlly'
observe the method5 and principles in the Charity SORP;
make jiidgements and estimates that arc reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
¢omp&ny will continue in business.
The trustees aTe responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the fJnan¢ial position of the charitable company and to enable thein to ensure that the financial stateinents comply with
the Companies Act 2006. Tliey are also responsible for safeguai'ding the assets of the charitable company and henc¢ for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware-
there is no relevant audit infomiation of which the charitable coinpany'5 auditors ar¢ unaware. and
Ihe trustees have taken all steps that they ought to liave taken to Inake theinselves aware of any relevant audit
inforffl&tion and to establish that the auditors are aware of that information.

Report of the Independent Auditors lo Ihe Tru5tee5 and Members of
Holywood Steiner School Limited
Opinion
We have audited the fjnancial statements of Holywood Steiner Sehool Limited {Ihe 'chqritable company,) for the year
ended 31 August 2024 which comprise th¢ Statement of Financial Activities, the Ejalance Sheet, the Cash Flow
StatemeRt and notes to the fjnancial statements. including a summary of significant accounting policies. The fJnan¢ial
reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom A¢¢ounling
Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion th¢ financial statements..
give a true and fair view of the state of the chk)ritable coinpany's affairs as at 31 August 2024 and of its ineorning
resollr¢es and application of resources, including its income and expenditure, for the yeai. then ended:
have been properly prepared in accordance with United Kingdoin Generally Accept¢d Accoun(ing Pra¢tice' and
have been PTepared in atcordance with the requireinents of the Compani¢s Act 2006.
B85is for oplnioT]
We conducted our audit in accordance with lTrternational Standards on Auditing (UK) {ISAs (UK)) and applicable law.
Our responsibilities undeT those standard5 are further described in the AuditOl'S' Te5ponsibilities for the audit of the
financial statement5 section of our report. We are independent of the charitable company in aecordance with the ethical
requireinents that are relevant to our audit of the finaiicial stateinent5 In the UK. including the FRC'S Ethical Standard,
and w¢ have fulfilled our other ethical responsibilities in actordllnce with these I'equirements. We believe that the audit
evidence we hav¢ obtained is suffi¢ient and appropriate to provide a basis for our opinion.
Concluslons rel*ting to going concern
In auditing the financial statements. we have concluded that the trustee5' use of the going con¢¢rn basis of accounting in
th¢ pirparation of the financial siatements is appropriate.
Based on the work we have performed. we have not identified any Inaterial uncertainties relating to events or conditions
that, individually or cgllectively. n)ay cast significant doubt on the charitable cojnpany's ability to continue as a going
concern for a period of at least twelve Inonths from when the fjnancial statements are authorised for issue.
Ollr responsibilities and the responsibilities of the trustees with itspe¢t to going concern are described in the relevant
sections of this report.
Other information
The triistee5 are Tesponsible for the other inforination. The other inforination comprises the infonnation included in the
Annual Report, other than the financial statement5 and our Report of th¢ Independent Auditors thereon.
Our opinion on the financial siat¢ments does not coveT ihe other infotmation and. except to the extent otherwis¢
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial stateiments, our responsibility 15 to read the other infonnation and, in doing
so, consider whethei. Ihe other information is m8terially inconsistent with the financial state&nents or our knowledge
obiained in the audit or otherwise appe2TS to be materially Inisstated. If we identify such Inaterial inctsnsistenLies or
apparent Inaterial Inisstaieinents, we are required to determine whether thÉs gives rise to a Inaterial misstatement in the
financial statements themselves. If, based on the work we haye perfortned, we conclud¢ that there 15 a material
misstateinent of this other information, we are T¢quired to report that fact. We have nothing to report in this regai'd.
Opinions on other mRtter5 prescribed by the Companies Act 2006
In our opinion, ba5¢d on the woi'k iindertaken in the COLirse of th¢ audit.,
the infortnation given in the Report of the Trustee5 foi. the financial y¢ar for which the financial statements are
PTepared is consistent with the financial 5tatements,' and
the Report of the Trustees has been PTepared in accordance with applicable legal requirements.
10

Report of the Independent Auditors to the Trustee5 and Members of
Holywood Steiner School Limited
Matters tsTJ whieh we are required to report by exeeption
In the light of the knowledge and understanding Of the charitable coinpany and it5 environrnent obtained in the course of
th¢ audit, we have not identified Inaterial misstat¢ments in the Report of the Tru5t¢es.
We have nothing to r¢port in resp¢ct of th¢ following Inatters where the CoiMpanies Act 2006 requires u5 to report tg YOU
if, in our opinion..
adeqtsai¢ accounting recoTds have not been kept or irturns adequate for our audit have not been received from
branches not visited by us. or
the financial staieinents are not in agreement with the atcounting records and returns.. or
c¢rtain disc10511r¢s of tTllStees' r¢mun¢rotion sp¢cifi¢d by law are not made; or
we have not received all the infonnation and explanations we require for our audit,. or
the tnJst¢es were not entitled to take advantage of the small companies exeinption fvom the requireinent to prepare a
Strategic Report or IH preparing the Report of the Trustee5.
Responsibilities of tru5te¢5
As explained more fully in the Statement of Trustees. Responsibilities. the trustees (who are also the directors of the
charitable coinpany ftsr the putposes of company law) are responsible for the preparation of the financial statements and
for being satisfied that th¢y give a true and fair view, and for such internal control a5 the trustees determine is necessary
to enable the preparation of financial slateinents that are free froiD Inaterial Inisstatement, whether due to fraud or error.
In preparing the financial stateinents. the trustees ai¢ responsible for assessing tlie ¢hari(able company'5 ability to
continue as a going concern. disclosing? as applicable, matters related to going concei'n and using the going concern
basis of accountijig unless the trusiees either intend to liquidate the charitable company or to cease operations, or have
no realistic alternative but to do so.

Report of th¢ Independent Auditors to the Truste¢5 and Members of
Holywood Steiner School Llmlted
Our responsibilities for the audit of the financlal st#tement5
Our objective5 aTe to obtain reasonable assllrance about whether the financial statements a$ a whole are free from
material misstatement, whether due to fyaud o¥ error, and to issue a Report of the Independent Auditors thai includes our
opinion. Reasonable assurance is a high level of assuTance, but is not a guaiantee that an audii conducted in acc(Trrdance
with ISAS (UK} will always detect a material inisstatement when it exists. Misstateiments can arise froin fraud or eiyor
and aTe considered material if, individually or in the aggregate, they could reasonably be expected to inflLEence the
economic decisions of users taken on the basis of these financial statements.
The extent to which our proc¢dures are capable of detecting irregularities, in¢luding fraud is detailed below..
The extent to ivhich our oudit Was capable of deteetlng Irregularitie5, including fraud
Irregularitie5, including fraud, are inslante5 of non-coinpli3nce with laws and regulaiions. We design procedures in line
with our responsibilities. outlined above, to det¢¢t Inatei'ial Inisstatements in respect of iiirgularities, including fraud. In
assessing and detecting irregularitl¢5 such as fraud and non-coinpliance with laws and regulaiions we considered the
following-
the matters discussed ainong the audit engageinent teain and any other relevant professionals regarding how and where
fraud might o¢¢ur in the financial stateinents and any potential indicators of fraud;
(h¢ nature of the industry and any laws alld regulations applicable to the company and the industry;
the coinpany's tswn assessment of the risk of fraud and other iNegularitie5'
the ¢ornpany'5 policies and procedures in relaiion to..
how they identify and comply with all relevant laws and regulations and whether they are aware (Trf any
non-compliance.
how they detect and respond to risks of fraud and their knowledge of any actual, suspected or alleged fraud. and
the control environinent within the company and how this mitigate5 risks of fraud and instances of non-coinpliance
with laws and regulations.
As a result of these pi'ocedures, w¢ considered the oppoilunitle5 and inc¢ntiv¢s that In&y exist within the organisation for
fiaud and identified tlie greatest potential for fraud in relation to Inisappropriation of assets. In eonvnon with all audits
under ISAS (UK), we are also required to perfoi'jn Specific Procedures to respond to the risk of management override.
In response to th¢ risk of material misstatement I1￿ollgh iir¢gularities and non-compliance with laws and regulations. we
d¢signed procedures which included, but wer¢ not liimited to-
ensuring the engageinent teain had the appropriate knowledge alld expertise in order to be able lo identify and
IEcognise any instances of fraud or non-complTan¢e with laws and regulations;
we ideniified ihe law5 and regulations applicable to the company through dis¢ussion5 Wlth directots and manageinent
and from our knowledge aiid experience of the sector; and
ensuring the audit was carried oui wilh a level of professional scepticism.
In response to the TlSk of irregularities and non-complianee with laws and regulations, we designed procedures which
included, but were not lii11ited to..
enquiring of managcjnent concerns of actual and potential litigation and Claims.,
agreeing the financial statement disc105ures to und¢rlying sUPPOrting docuinentation to 8ss¢ss coinpliance with relevant
laws and regulations; and
reviewing corre5poJideiice with the Charity Coinjiiission for NoTthei'n Ireland and any other relevant regulatory bodies
To address the I'isk of fraud through inanagement bias and override of controls, we..
pei'fgrrn analytical procedures to identify any unusual or unexpected relationships that may indieat¢ risks of Inaterial
misstateinent due to fraud;
tesi ihe appropriateness of journal entries and other adjustments.
a55e5s whether the judgeinents Inade in Inaking Aecounting estimates are indicative of a potential bia5. and
evaluate the business rationale of any 5i¥nificant trans&Ctions that are unusual or Outside the normal Course of business.
12

Report of the Independent Auditor5 to the Trustees and Members of
Holywood Steiner Sehool Limited
We also communicated relevant identified laws and regulations and w)tential fraud risks to all engagement team
members and significant component audit teams, and remained alert to any indications of fraud OF noncompliance with
laws and r¢gulatioDs throughout the audit.
There are inherent limitations in our audit procedures described above. The Inore removed that laws and r¢gulations are
from financial transactions, the less likely it 15 that we would become aware of non-compliance. Auditing standards also
limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and
other manage1￿¢￿t and the irtsp¢¢lion of regulatory and legal correspondenc¢, if any.
Material Inisstateinents that arise due to fraud can be harder to detect than those that arise from error a5 th¢y may inYolv¢
deliberate con¢ealm¢nt or ¢ollusion.
A further description of our responsibilities for the audit of the financial stateinents is located on the Financial Reporting
Council's website at www.frc.org.uklauditQlsre5ponsibilities. This description forms part of our Report of the
Independent Auditors.
Use of our report
This report is Inade solely to the charitsble company's meinbers, as a body, in a¢eordan¢e with ChapteT 3 of Part 16 of
the Companie5 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 auditors, report and for no other piirpose. To the fullest
extent pemitted by law, we do not accept or assume responsibility to anyone other than the eharitable eompany and the
charitable company's rnembers as a body, for our audit work, for this report, or for the opinions we have fonned.
Conaill McGrady FCA
tahitory Auditor}
for and on behalf of M.B.McGrady & Co
Chartered Accountants
Statutory AuditOTS
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH
Date..
13

Holyivood Steiner School Limlted
Slatemenl of Financial Activitles
(Incorporating an Income Ei xpendilure Account)
for the Year Ended 31 August 2024
3118ll4
Tol41
funds
3118123
Total
funds
Unrestricted
fund5
Restriettd
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
21,420
21,420
8,771
Charitable activities
Charitable Activities
654,600
Is,000
669,600
638,936
Other trading a¢tivities
Investment incoine
46,897
754
46,897
7S4
41,242
271
Total
723,67]
15,000
738,671
689,220
EXPENDITURE ON
Charitable activities
Charitable Activities
Support Costs
744,769
753
744,769
753
703,646
Total
745,522
745,522
705,027
NET INCOMEI{EXPENDITURE)
Transfers between funds
121,851)
15,000
15,000
(15,000)
(6,851)
{15,807)
Nel movement in funds
(6,851)
(6,851)
(15,807)
RECONCILIATION OF FUNDS
Toial fllnds biDught forward
107,996
251,989
359,985
375,792
TOTAL FUNDS CARRIED FORWARD
101,14S
251,989
353,134
359,985
The notes forin pari of these financial stateinents
14

Holywood Stefiner Sehool Llmltcd (Registered number: N11112003)
BalAnee Sheet
31 August 2024
3118n4
3118ll3
Note5
FIXED ASSETS
Tangible ￿Sets
Investiments
14
15
478,796
2,335
463.132
3,088
481,131
466.220
CURRENT ASSETS
Debtors
Cash at bank
16
18,137
136,592
38,748
146,507
IS4,729
185255
CREDITORS
Amounts falling due within one year
17
(158,819)
(150,332)
NET CURRCI NT ASSETS
(4,090)
34,923
TOTAL ASSETS LESS CURRENr
LIABILITIES
477,041
501,143
CREDITORS
Amounts falling due after more than one year
(50,000}
(59,000)
PENSION LIABILITY
22
(73,907)
(82,158)
NET ASSKTS
353,134
359,985
FUNDS
Ut)restricted funds-
Gener&1 fiind
Desigjnated funds
175,OS2
{73,907)
190,154
(82,158)
101,145
107,996
Restricted funds..
Restricted fund
251,989
251,989
TOTAL FUNDS
353,134
359,985
The financial statements were approved by the Board of Triistees and authorised for issue
and were signed on sts behalf by..
on
Ms t￿li1'en Simpson- Trustee
The note5 form part of these financièl statements
15

Holywood Steiner School LiJRited
Cash Floiy Statement
for the Year Ended 31 August 2024
3118124
3118123
Note5
Cash tIow5 from operatfing aetivlties
Cash generated froin operations
24
30,407
30,158
Net cash provided by operating activities
30,407
30.158
Cash nows from Investing activitles
Purchase of tsngible fixed asset5
Interesl received
(41,076)
754
(9,962)
271
Net cash used in investing activities
(40,322)
(9,691}
Change in cash and eash equivalents in
the reptsrting period
Cash and eash eqllivalent5 al the
begÈnning of the reporting ptrlod
(9,915)
20,467
146,507
126,040
Cash ¢a5h equivalents at the end of
the reportSng period
136,592
146,507
The notes forin part of these financial stateinents
16

Holywood Steiner School Llmlted
Note5 to the FinanclAI Statementg
for the Year Ended 31 August 2024
ACCOUNTINC POLICIES
B85is of preparlng the flnancial statements
The financial stateinents of the chai'itable Company, which is a public benefit ¢ntity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charit1¢5'. Stateinent
of Recominended Practice applicable to charities preparing thetr accounts in atcoi'dance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffeotive l January 2019).,
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The financial stateinents have been prepar¢d under Ihe historical cost
convention, with the exception of investmenis Wh￿Ch are included at Inarket value.
The charity is incorporated Kn Northern Ireland.
Income
All incoine is recognised in the Statement of Financial Activities once the charity has entitlelnent to the fijnds, it
is probable that the income will be received and the ainount can be measured reliably.
Ineome from charitable activities 15 th¢ amount derived from the provision of goods and service5 Stated after
di￿oUnt5.
Incom¢ fvom donauons or grant5 15 re¢ognis¢d when there is evidence of entitlement to th¢ gift, receipt l5
probable and its amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
eharity 10 that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under h¢adings that aggregate all cost related to the category. Where cosrs cannot be dii'ectly
attributed to parliculai. headings they have been allocated to activities on a basis consistent with the use of
r¢s(Trurces.
Tangible fjxed a55ets
Depreciation is provid¢d at the following annual rates in ord¢r to write off each asset over its estimated use￿1
Freehold property
Fixtures and fittings
Computer ¢quipment
2Q/o on cost
IOQ/o on cosi
IOf/*y on cost
Tanu￿ble fixed assets are initially mea5ur¢d at oost.
Tax8tion
Th¢ charity is exempt froin corporation tsx on its charitable aetivities.
Fund accounting
Unrestricted funds ¢an be used in accordance with the charitable obje¢tlVeS at the distretion of the trustees.
Re5tsicted funds can only be used for particular restricted purposes within the objects of the chgrity. Restrictions
arise when sp¢cifi¢d by the donoi. or when funds air raised for particular restricted purposes.
Furthei. explanation of the naiure and purpose of each fund is included in the notes to the fEnancial $tat¢inents.
Fillancial instruments
Financial assets and fJThancial liabilities are recognised when the charity becoines party to the contractual
provisions of the in5trum¢nt.
17
continiied...

Holywood Steiner SchoDI Limited
Notes lo the Financial Statements- eoDlinued
for th¢ Year Ended 3] August 2024
ACCOUNTING POLICIES- contlnued
FinanciAI instrument$
Financial liabilities and eqiiity instruments are classified aecording to the substance of the contrdctual
orrangements entered into. An equity instrument is any contract that evid¢nces a residual int¢re5t in the assets of
the charity after dedu¢ting all of its liabilitie5.
The charity's policies foi. its major elasses of fjnancial assets and financial liabilities are set out below.
Financial 8$sels
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at
transaction price, unless the ￿Tangejllent constitutes a financing transaction, where the transaction ig measuiEd at
the Present value of the future receipts discount¢d at a Inarket rate of interest for a siihilar debt insirument.
rinancing ti'an5actioiis are those in which payment is deferred beyond nomial business terms or is financed at a
rate of interest that Is not a market rdte.
Such asseis ar¢ subsequently earried at amortised cost using the effective interest rate method, les$ any
impairinenl.
Financial liabilities
Basic financial liabilities, including trade and other creditors and loans are initially recogni5¢d at transaciion
price. unless the airdngeinent constiiiiles a financing transaction, where the debt instrujnent is measured at the
present value of the ￿tU1'e payjnentsdiscounled at a market rate of interest for a similar debt instrument.
Finallcing transactions are those in which payment is deferred beyond nonnal business term5 or is financed at a
rate of in¢erest that is not a InaTket rate.
Debt in5tTlllnents are siibsequ¢ntly cajyied at amortj5¢d cost, using ihe effective interest rate method.
Impairment of financixl assets
Financial asset5 Ineasur¢d at cost and amortised c05t are asscssed at the end of each reporting pei'iod for
objective evidence of iinpairment. If obje¢¢ive evidence of impainnent is found, an iinpairinent10s9 15 Tecognised
in the profit and loss account.
For financial assets Ineasured at eost less impaimient. the iimpainllent loss is measured as the difference between
the asset'5 carrying amount and the best estimaie of th¢ amount the charity would receive for the asset if it were
to be sold at the reporting date.
For financial assets measured at omortised cost, the impai17nent loss is Inea5ured a5 the difference b¢tween the
asset's carrying amount and the present value of estijnated tash flow5 discounted at the as5¢t's original effective
interesi rate. If the financial ￿Set has a variable interest rate, the discount rate foi In¢asuring any impairn]ent Ioss
is the CUlTent effective interest rate deterinined under the cotitra¢t.
If there is a decrease in the impairment 105s arising froin an everjl occurring after the impairment was re¢ognised,
the iinpairinent is reversed, The reversal is such that the current carrying ainount does not exceed what the
aTrying ainount would have been had the impairinent not previously be¢n recognised. The iinpairment revei581
is recognised in PTofit oi. loss.
Der¢cognltlon of finaThcial 855ets and finaneial liabilities
Financial as5et5 are deTecognised when (a) the contraciual rights to the cash flows fivm the asset expire oi. are
settled, or {b} substantially all Ihe risks and rewards of the ownei'ship of the asset are transferred to another paty,
oi. {cl despiie having Tetained soine significant risks and rewards of ownership, control of the asset to an
unrelated third party without iinposing additional restriciions.
Financial liabilities air derecogFnised when the liability is extingiiished, that is when the conti'actual obligation is
dischai'ged, cancelled or expires.
eontinued...

Holywood Steiner School Llmlted
Notes to the FinAneial Slatem¢nts- eontlnued
for the Year Ended 31 August 2024
ACCOUNTING POLICIES- continued
Financial in51ruments
Offsettiiig of financial 8Sset5 ¥nd Ilnancial liabilitie5
Financial assets and liabilities are offset and the net amount Teported in the balance sheet when there is an
enforceable l'ight to set off the recongised amount5 ond there is an intention to settle on a net basis or io realise
the asset and settle the liability sijniiltaneously.
PensioD costs #nd other post-retÈrement benefit5
The charitable company operates a defin¢d contribution pension scheme. Contributions payable to the charitable
ompanls pension scheme are charged to the Stat¢Jnent Of Financial Activities in the period to which ihey relate.
Don8ted goods
Donated as5et5 are initially recognis¢d at their fair value at the date of donation. Where an external valuation is
not available, Inanagcmenl will Inake a reasonable estimate based on Inarket inforination or other relevant
sources. Any costs directly attribuiable to bringing the asset to its intended use will also be capitalised.
Donated assets are depre¢iated over their estimated useful lives using ihe saine policies a5 purchasEd assets.
Going concern
Th¢ financial statements have been prepared on a going eoncern basis with no material uncertainties arising.
The trustees believe that the charity will continue as a going ¢on¢ern. Appropriate planning has been undertaken
for the fiinding and PTQVi5iOn of charitable services and and there no Concerns regarding the long-term
funding for the ¢h8rity and its activilies.
DONATIONS AND LEGACIES
3118124
3118123
Donations and Gifts
21,420
8,771
OTHER TRADINC ACTIVJTIES
3118124
3118123
Playgroup In¢oine
Guest Student
Afterschool club iD¢ome
Parent and child group
Roo1￿ Hire Incoine
GCSE Fees
35,950
384
5,404
21,665
3,848
11,754
130
1,265
2,580
2,120
3,039
46,897
41,242
19
continued...

Holyjvood Steiner Sehool Limited
Notes to the Financial StAternents- eotjtinued
ror the Year Ended 31 August 2024
INVESTMENT INCOME
3118ll4
3118123
Interest Receivable
754
271
IiYCOME FROM CHARITABLE ACTIVITIES
3118124
3118123
Activity
ChaTltable Activities
Charitable A¢tiYities
Charitable Activiti¢s
Parental C(TrntributiOJLS
Gi'ants
Other Incoine
633,675
35,846
79
584,587
34.929
19,420
669,600
638,936
Grants received, included in the above, ar¢ as follows..
3118124
3J18123
DAERA
20,846
24.233
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
ote 7}
Support
Costs (see
Dole 8)
Totals
Charitable Activities
Support Costs
620,255
124,514
753
744,769
753
620,255
125,267
745,522
DIRECT COSTS OF CHARITABLE AcfiviTIES
3118124
3118123
Staff cost5
Equipinenl Rental
Educatioii Supplies
Steiner School Fellowship
Exatnination Expenses
Staff Trav¢1 and Training
Increase in Bad Debt Provision
Supply Teachers
Grant expenditllT¢
Depreciation
Loss on sale of assets
560,592
4,284
12,389
4,897
4,420
1,468
6,794
504,790
4.120
29,283
3,931
2.889
3,653
4,296
466
8,874
21,219
2,895
25,411
620,255
586,416
20
conlinlled...

Holywood Steiner Sehool Limited
Notes lo the FiDaDcial St8tements- continued
for the YeAr Ended 31 August 2024
SUPPORT COSTS
Infoymation
technology
MAnagement
Finance
Charitable Activities
Support Costs
70,339
26,945
20,195
70,339
26,94S
20,195
Human
Governanee
eosls
r¢souree5
Totals
Charitable Activities
Support Costs
7,035
124,514
753
753
753
7,035
125,267
NET INCOMEI{EXPENDITURE)
Net incoind{exp¢nditure) is stated after ¢harging(crediting):
3]￿ll4
3118123
Depreciation - owned asseis
Deficit on di5Ptssal of fixed assets
25,412
21,218
2,895
io,
AUDITORS, REMUNERATION
3118124
3118123
Fees payable to the charity's auditors for the audit of the chai'ity's financial
statements
5,035
3,140
TRUSTEES, REMUNERATION AND BENEFITS
There were no tru5tees' remuneration or other benefits for the year ¢nd¢d 31 August 2024 nor for the year ended
31 August 2023.
Trustees, expen5e5
There were
31 August 2023.
trustees, expenses paid for the year ended 31 August 2024 nor for the year ended
continued...

Holyivood Steiner School Lirniled
Notes to the Financial Statements- ¢ontinued
for the Year Ended 31 August 2024
12.
STAFF COSTS
3118124
3118ll3
Wages and salarie5
Social security cost5
Other pension costs
509,235
36J39
15,018
461,605
29,980
13,205
S60,592
504,790
Th¢ aveiage Inonthly number of employees diiring the year was a% follows..
3118124
21
3118123
20
Teaching staff
Non-teaching staff
27
28
No employees received ¢molumenis in ¢xce55 of £60,000.
Key manageinent personnel include all persons that have authority and respoi)sEbility for planning, directing and
controlling the activities of the charity. The total consideiation paid to key management P¢Tsonnel. including
esnployers nation81 insurance contt'ibutions, for services provided to the ¢harity was £124,505.
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslri¢ted
funds
Rcstrleted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donation5 and legacies
8,771
8,771
Charitable acliyilies
Charitable Activities
628,240
10,696
638,936
Other trading activities
Invesiiiient income
41,242
271
41,242
271
TotÈl
678,524
10,696
689,220
EXPENDITURE ON
Charitable activities
Charitable Activitie5
Support Costs
694,772
8,874
703,646
1,381
Total
696,153
8,874
70S,027
NET INCOMEI(EXPENDITURE)
(17,629>
1,822
(15,807)
RECONCILIATION OF FUNDS
Totsl funds brought foiivgrd
125,625
250,167
375,792
22
continued...

Holywood StelTher Sehool Llmited
Notes to the FinanelÈl Statements- continued
for the Year Ended 31 Augu512024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITICIS- continued
Unrestricted
Restricted
funds
fund
Total
funds
TOTAL FUNDS CARRIED FORWARD
107,996
251,989
359,985
14.
TANGIBLE FIXED ASSETS
Improvements
to
property
Freehold
property
Plant and
machinery
COST
At I September 2023
Additions
722,412
30,742
28,050
7,800
Ai 31 August 2024
722,412
58,792
7,800
DEPRECIATION
At I SepteInber 2023
Charge for year
326,540
14.448
908
1,176
780
At 31 August 2024
340,988
2,084
780
NET BOOK VALUE
At 31 August 2024
381,424
56.708
7,020
At 31 August 2023
395,872
29,834
Flxtures
And
ritting5
Computer
equipment
Totals
COST
At I Sepleinb¢r 2023
Additions
99,554
877
9,456
4,349
862,164
41,076
At 31 AUg￿st 2024
100,431
13,805
903,240
DEPRECIATION
At I Septeinber 2023
Charge for year
67,753
4,746
3,831
4,262
399,032
25,412
At 31 August 2024
72,499
8,093
424,444
NET BOOK VALUE
At J l August 2024
27,932
5,712
478,796
At 31 Auguyt 2023
31,801
5,625
463,132
23
continued...

Holyiyood Steiner School Lirnited
Noles to the Finaneial Statements- ¢ontinued
for the Year Ended 31 August 2024
14.
TANGIBLE FIXED ASSETS- continued
DllTing the year, Holywood Steiner School Limited received a donatEon of tangible fJx¢d assets with a total fair
value of £7,800. These asseis have been capisalised in the financial statement5 in accordane¢ with the schcx)I's
accounting policy on donated assets.
The valuation of these assets was based on a combination of both external valuations and inanagement estimates.
Depr¢¢iation been Charged on these assets in a¢coi'dance with th¢ school's fixed assets policy.
FIXED ASSET INVESTMENTS
15.
Unlisled
Inve5tment$
MARKET VALUE
At I September 2023
Moveineni in year
3,088
(753)
At 31 Augiisi 2024
2,335
NET BOOK VALUE
At 31 August 2Q24
2J3S
At 31 August 2023
3,088
There were no investment assets outside the UK.
DEB TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
J118124
3118123
Trade debtors
Other dtbtors
Provision for Doubtful Debts
Prepayinents
15.021
6,388
(7.094)
3,822
35,042
979
2,727
18,137
38,748
24
continued..

Holywood Steiner S¢hool Llmlted
Notes lo the FI￿anCIal Statements- eontlnued
for the Year Ended 31 August 2024
17.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
3118n4
3118123
Other loans (see note 19)
Trade creditors
Social security and other taxes
Other Creditois
Accruals and deferred incom¢
14,16S
21,032
7,260
104,416
11,946
5,165
19,923
6,859
108,236
10.149
158,819
150,332
18.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
3118124
3118123
other loans (see note 19)
so,000
59,000
19.
LOANS
An analysis of the Inaturity of loans 1$ given below..
3118124
3118123
Amounts falling due within one year on demand..
Oth¢r loans
14,165
5,165
Ainoiints fallillg between one and two years..
Othei. loans . 1-2 yeaiE
50,000
59,000
20.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
3118124
Tot21
fund5
3118n3
Total
funds
Unrestrlcted
funds
Re$trieted
fund
Fixed assets
Inve5tinents
Current assets
Current liabiliti¢s
Long tern) liabilities
Pension liability
226,807
2,335
154,729
(IS8,819}
(50,000)
(73,907)
251,989
478,796
2,335
154,729
1158,819)
(50,000)
(73,9U7)
463,132
3,088
185,255
(150,332)
{59,000)
(82,158)
101,145
251,989
353,134
359,985
25
continued...

Holywood Steiner School Lirnited
Notes to the Finanelal St&tements- eontlnued
ror the Year Ended 31 August 2024
21.
MOVEMENT IN FUNDS
Net
Tran5f¢r5
between
funds
movement
in fundg
At
3118ll4
At ]￿ll3
Unrestricted fund5
General fund
Designated funds
198,406
(90,410)
(38,354)
16,503
15,000
175,OS2
(73,907)
107,996
(21,851)
15,00
101,145
Re5trieted funds
Restricted fund
251,989
15,000
(15,000)
2SI,989
TOTAL FUNDS
359,985
(6051)
353,134
Net Inovetnent funds, included in th¢ above are as follows..
Incoming
resource5
Resource$
expended
Movement
in funds
Unrestrieled funds
General fund
Designated funds
723,671
(762,025)
16,503
(38,354}
16,503
723,671
(745,522)
(21,851)
Restricted funds
Restricted fund
15,000
Is,000
TOTAL FUNDS
738,671
(745,522)
(6,851)
Comparatives for rnovernent in funds
Net
movement
in funds
At
3118123
At 119n2
Unrestrieted funds
Gen¢Tal fund
Designated funds
215,823
(90,198)
{25,669)
8,040
190,154
{82,158)
125,625
(17,629)
107,996
Restricted fiinds
Resiricred fiind
250,167
1,822
251.989
TOTAL FUNDS
375,792
(15,807)
359,985
26
continued...

Holywood Steiner School Limited
Notes to the Finan¢ial Stal¢m¢nts- Continued
for the Year Ended 31 August 2024
21.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the abov¢ are 8$ follows..
Incon]ing
resources
Resources
expended
Movement
In funds
UDrestri¢ted funds
General fund
Designyted funds
678,524
(704,193}
8,040
125,669)
8,040
678,524
(696,153)
{17.629)
Reslricled funds
Restricted fund
10.696
(8,874)
1,822
TOTAL FUNDS
689,220
(705,027)
115,807)
A ¢urrent y¢ar 12 inonth5 and prior year 12 months combined position is as follows..
Iyet
movement
In funds
Transfers
between
fuftds
At
3118n4
At 119n2
UnreslrTeted funds
Genaal fund
Designat¢d fvnd5
215,823
190,198)
(64.023)
24,543
15,000
166,800
(65,655)
125.625
(39,480)
15,000
101,145
Restricted funds
Restricted fund
250,167
16,822
(15,0001
251,989
TOTAL FUNDS
375,792
(22,658)
353,134
A current year 12 months and prior year 12 months combined net Inovement in funds, included in the above a
as follows..
Incoming
resourees
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Designated funds
1,402,195
(1,466,218)
24,543
164,023)
24,543
1,402,195
{1,441,675)
{39,480)
Restricted funds
Restricted fund
25,696
(8,874}
16.822
TOTAL FUNDS
1,427,891
(1,450,549)
(22,658)
27
continiied.

Holywood Steiner Sehool Limlted
Notes to the Financial Statements- continued
for the Year Ended 31 August 2024
22.
EMPLOYEE BEJYEFIT OBLIGATIONS
A full actuarial valuation was last carried out at 29 Deceniber 2021 and valued the pension liability at £134,000.
An a¢tuai'ial review was carried out as at 29 December 2023 and ¢5tiinated the School's pension liability at
£86,000.
At 31 August 2024 £73,907 15 recognised as designated funds in respect of this liability
The ¢05t of providing benefits under defined benefit plans is detell￿]ned separately and is based on actuarial
calculations.
The ehange in the net defined benefit liability arising from employee service durinB the year is recDgni5ed as an
employee cost. The c95t of plan introductions, benefit changes, Settlements and curtaihnents are Tecognised as
incuiTed.
Payments to defined contriblltÈon retirement benefit Schemes are charged as an expense as they fall due.
RELATED PARTY DISCLOSURES
There w¢r¢ no related party transactions for the year ended 31 August 2024.
24.
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
3118n4
3118123
Net expenditure for the reporting period (as per the Statement of
Financial AetivitÉes)
Adjustment5 for:
Depreciation ¢har&F¢5
L055 on disposal of fixed assets
Interesi Irceived
(Gain) I Los5 on Investment
Dectease/{increase) in debtors
(Decrease)lincrease in creditors
Difference b¢￿een pension charge and cash contributions
(6,851)
(15,8071
25,411
21,219
2,895
{271)
1,380
{13,994)
42,776
(8,040)
(754)
753
20,611
(511)
(8,252)
Net cash provided by operation5
30,407
30,158
25.
ANALYSIS OF CHANCES IN NET FUNDS
At 119123
Cash flow
At 3118124
Net cash
Cash at bank and in hand
146,507
{9,915)
136.592
146,507
(9,915)
136,592
Debl
Debis falling due within l year
Debts falling due after l yeai.
(5,165)
(59,000)
(9,000)
9,000
(14,165)
(so,ooD)
(64,165)
(64,165)
28
continued..

Holywood Steiner School Limited
No1¢5 to the Financial Sfaternents- continued
for the Year Ended 31 August 2024
25.
ANALYSIS OF CHANGES IN NET fUNDS- continued
Total
82J42
(9,915)
72,427
29