REGISTERED COMPANY NUMBER: N1012003 (Northern Ireland}
REGISTERED CHARITY NUMBER: 103712
Report of the Trustees and
Audited Financial Statements
for the Year Ended 31 August 2024
for
Holywood Steiner School Limited
M.B.McGI'ady & Co
Chartei'ed Accountants
Statutory Audiloi's
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

Holywood Stelner School Limited
Contents of the Financial Statements
for the Year Ended 31 August 2024
Page
Reference and AdmiJ)istrative Details
Report of the Trustees
Statement of Trustee5' Responsibilities
Report of the Independent Auditor5
10 to 13
Statement of Financial Activities
14
Balance Sheet
15
Cash Flow Statement
16
Notes to the Financial Statements
17 to 29

Holyivood Steiner School Limited
Reference and Administrative Details
for the Year Ended 31 August 2024
TRUSTEES
Ms Caroline Mary Ball - Film Producer (resigned 211512024)
Mr Garret O'Fachtna - Trade Union Coordinator (appointed
211512024)
Mr Gerry Warwick - Accountant (resigned 211512024)
Mrs Maiy Roulston - Retii'ed Teacher (resigned 211512024)
Ms Jenny Holland - Company Director (appointed 211512024)
(resigned 301112025)
Mr Michael Denny - Com]nercial Manager (appointed
311112023) (resigned 301912024)
M5 Ashling Gray - Solicitoi. (appointed 181112024) (resigned
301612024)
Ms Doininique Megarry - Manager (appointed 111312024)
Mr Darren Moffett - Marketing Director (resigned 291512024)
Mr Chris Preston - Coinpany Director (i'esigned 211512024)
Ms Aoife Cunninghain - Youth workei. (appointed 211512024)
Mr Andrew Charles Gray {appointed 11412025)
Mr Trevor Willis (appointed 11412025)
Ms Lauren Siinpson - Veterinary Surgeon (appointed 211512024)
REGISTERED OFFICE
34 Croft Road
Holywood
Co. Down
BT18 OPR
REGISTERED COMPANY
NUMBER
N1012003 (Northern Ireland)
REGISTERED CHARITY
NUMBER
103712
AUDITORS
M.B.McGrady & Co
Chartered Accountants
Statutory Auditors
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antriin
BT9 6GH
BANKERS
Bank of Ireland
l Donegall Square Souih
Belfast
BTI 5LR

Holywood Steiner School Limited (Registered number: N1012003)
Report of the Trustees
for the Year Ended 31 August 2024
The trustees who are also directors of the charity for the purposes of the Companies Aci 2006, present their report with
the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of
Accounling and Reporting by Charities: Stateinent of Recoinmended Practice applicable to charities preparing their
accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effeclive l January 2019).
The Report of the Trustees incorporates the Strategic Report.

Holywood Steiner School Limsted (Registered number: N1012003)
Report of the Trustees
for the Year Ended 31 August 2024
OBJECTIVES AND ACTIVITIES
Objectives and aims
Introduction
Founded in 1975, Holywood Steiner School {HSS) operates as a co-educational and independent school that offers the
Steiner Waldoi'f curriculuin for students aged from 3 to 17 years old.
Unlike inainstream education, the Waldorf Inodel provides the time and space for each child to learn and grow at their
own pace, allowing them lo fully grasp a concept oi. achieve a skill when they are ready. The school strives to provide a
rich, diverse and integrated education, where cooperation takes priority over coinpetition.
HSS is a ineinber of Waldorf UK formerly known as the Steiner Waldorf Schools Fellowship of the United Kingdom
(UK) and Ireland. The Fellowship represents 22 schools and co-ordinates Steiner curriculum research and developinent,
siippoits teacher training programines, and provides advisory and mentoring services to meinber schools. The
Fellowship is part of the international European Council for Steinei. Waldorf Education (ECSWE) Comprising 26
national Steiner Waldorf Associations, representing over 680 schools in Europe.
Mission, Vision and Value5
HSS'S Inission is to "inspire student5 through the delivery of the Steiner Waldorf Curriculum and develop a strong
connection 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 leai'ning 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 culturally
diverse society by developing tolerant, articulate, Inotivated and inature individuals.
Connection - a meaningful i'elationship is fostered between the child, teacher, and class. Parents are iminersed into their
child's school life and frequently involved within the school coinmunity.
Love of learning - we encourage all childi'en, regardless of ability, to find the joy in learning, to believe in themselves
and to be motivated to succeed in their chosen path in life.
Independence - our priority is to support every Child and provide thein with finn foundations so that they can develop
into free thinking, morally responsible, and confident inembers of society.
The Board of Trustees has followed the guidance issued by the Charity Coilunission in deciding what activities the
charity should undertake. The objective for the school during the yeai. was to continue to pi'ovide a quality Steiner
Waldorf education in the Early Years and Lower School and to provide a balanced aiid quality education in the Upper
School based on both Steiner Waldorf and National Ciii'i'iciiluins. The ongoing support of the College of Teachers, and
their continuous woi'k ensures the essence of ihe Steinei. Waldorf Curriculuin remains strong in the school.
The objective of increasing the nuinber of students enrolled whilst maintain an environment conducive to delivering a
quality Steiner Waldoi'f education was continued fi'oin the year 2022123 As well as developing a fundraising plan to
support the incoine for the school from sources othei. than school fees.

Holywood Steiner School Limited (Registered number: N1012003)
Report of the Trustees
for the Year Ended 31 August 2024
OBJECTIVES AND ACTIVITIES
SignifIcant activities
During this year, the school's enrollment was 152 students, which represents an overall increase froin the pi'evious
period. This is disaggregated as follows..
Preschool (3-4 years old) - 12 (full capacity)
Kindergarten (4 6 year5 old) - 9 (down from 17 in the previous period)
Lower School, classes I to 7 {6 - 14 years old) - 71 {up from 58 in the previous period)
Uppei. School, Classes 8 to 11 (13 - 17 years old) - 60 (up from 51 in the previous period)
The school is yet to reach capacity and is actively proinoting itself and seeking new students, not only to increase incoine
to the school, but also to enhance the pedagogic environment conducive to a Steiner Waldorf ediicalion.
Walkthrough opportunities and a one-to-one with the Head Teacher continue to be key in the proinotion of the school
and its offer. There were 34 walkthroughs during this financial year that resulted In 16 new students. In addition, group
walkthrough mornings were scheduled and publicised across the community and on digital channels such as the school
website, with considerable interest and attendance noted.
The traditional community-facing events took place this year with the re-introduction of the Easter Fayre and the very
successthl Christinas Fayre. Both events helped raise vital funds for the school as well as providing an opportunity to
raise the school's profile within the cominunity.
During this reporting period, the school appointed the following new posts that cominenced in August 2023:
Kind¢rgarten A5SlStant
Upper School Art and Geography Teacher
Upper School Maths and Science Teacher (who replaced the previous teacher who left after inany years, service)
Class One Teacher
Class Six Teacher
Volunteers
The school relies heavtly on volunteer activity for a significant ainount of work, particularly in areas such as:
Fundraising
Publi¢ Relations (PR) and developinent
Grounds keeping ond maintenance
The Parents & Friends Association (PFA) continues to raise vital funds for the school e.g. coffee and craft inornings for
parents.
STRATEGIC REPORT
Achievemeiit and performance
Charitable activities
Key achieveinents dui'ing the year included..
Preschool received an outstanding annual inspection report with no areas for iinproveinent highlighted by Social
Sei'vices.
The School's Professional Developinent Frainewoi'k was introduced and the niiinber of staff availing of Continuing
Professional Developinent (CPD) increased fi-om 14 to 18 during the period. Consequently, the annual budget for
Continuing Professional Development (CPD} was increased by 150/0.
The 3-yeai' School Developinent Plan (2022-2025) was introduced.
The school introduced a successful student council and external counselling service.
21 out of 24 key priorities were achieved, leading to an improved pi'ovision and experience for pupils. For exainple,
880/0 of piipils achieved 7 A* C GCSE gl'ades including English and Maths in 2023 (up 2 pei'cenlage points fi'oin the
pi'evious year). These GCSE results continue to be well above the Northern Ireland averages.

Holywood Steiner Sehool Limited (Registered number: N1012003)
Report of the Trustees
for the Year Ended 31 August 2024
STRATEGIC REPORT
Financial revieiv
Fiiiancial position
The Trustees report a deficit of £6.851 for the period, wilh income of £738,671 and expenditure of £745,522.
When compared to ihe previous period:
Incoine increased by £49,451 (froin £689,220), which is largely due to an increase in student fees..
Expenditure increased by £40,495 (from £705,027), which is due to increased staff costs and increases in running
costs.
As of 3 1st August 2024, bank accounts have a credil balance of £136,592.
The greatest financial risks relale to the overall operation and sustainability of the school, along with the maintenance
and repair of the physical buildings and its environs. Given that ov¢r 850/0 of the incoine is derived from the school fees,
there is a significant risk if student enrolEnent decreases or reinain5 Static in future years as the school will then risk
operating in a defIcit (which is unsustainable). Indeed, this has been the case for several of the years preceding this
period. With ihe proposed VAT introduction by the Labour government this poses ￿rther risk to the school with loss of
pupil numbers due to the additional VAT cost on school fees.
The Board of Trustees recognises that the continued succe55 of the school (including its financial viability and
sustainability) needs to be based on a strategy fociised on encouraging student enrolment and student retention, coupled
with an annual review of fees to fully cover operating costs. The ¢apa¢ity for growth is also recognised as key to
increasing salaries for teachei's. This needs to be carefully balanced with the strong desire to continue delivering a
quality Steiner Waldorf education, one that fulfils the school's stated mission, vision and values.
An agreeinent with the Camphill Communities has been reached to start repaying an historic loan, to the amount of
£64,125 dating to 2003, with the first payinent of £14,165 to be made in the financial year 2024125, rediieing the
school's liabilities over the next five years.
Additionally deposits for pupil places have been ring-fenced and sepa17ted from the operating Cash flow to prolect
funds.
Reserves policy
The charity had i'eserves of £353,134 at the year end. This is made up of £175,052 in general unrestricted funds,
(£73,907) of designated funds and £251,989 of restricted funds. The designated funds relate to a historic defined benefit
pension liability.
The Board of Trustees seeks to actively manage the finances of the school to ensure that activities al'e sustainable for the
benefit of all stakeholders. Following best practice guidance, the Boai'd of Trustees has developed a Reserves Policy as
this is an important pai't of financial Inanagement and fonvard financtal planning.
The Boai'd of Trustees is defining strategies including designating a portion of income from fees, a Calendar of planned
fundraising activities, and sustainable incoine froin other activities and use of assets to generate sufficient reserves that
will service 3-6 n)onths of operating costs should there be unexpected events (such as an annual operating deficil or
unforeseen aiid anoinalous expenditures) andlor shortfalls in incoine (e.g. a reduction in incoine associated with a
decrease in student nuinbers).
Going eoncern
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 Sti'ategy 2025, with a view to updating this strategy (up to 2027) in the
coming i)ionths. The Continued success of the school (including its financial viability and sustainability) will be based on
this strategy wliich will focus on encouraging student enrolinent and student reteiition, coupled with an annual review of
fees and alternative streains of incoine and ￿nd-raising activities to fully cover operating costs and conti'ibute towai'ds
our i'eserves.

Holyivood Steiner School Limited (Registered number: N1012003)
Report of the Trustees
for the Year Ended 31 August 2024
STRATEGIC REPORT
Principal risks and uneertainties
The Board of Trustees is responsible for the management of risks faced by the school. Detailed considerations of risk are
delegated to the teains established to deal with each of these areas. Risks are identifIed and assessed, and controls
established throughout the year. Key controls used by the charity include..
Formal agendas and miniiles for all Board related activities.
Detailed goals, objectives and tasks for all school teams.
Coinpi'ehensive strategic planning, budgeting and Inanageinent accounting.
Formal written policies and procedui'es.
Vetting and Child protection procedures as required by law for the protection of ihe students.
Through the risk manageinent processes established for the school, the Board of Trustees is satisfied Ihai ihe major risks
identifled are being adequately iniligated where necessary. It is recognised that systems can only pi'ovide reasonable but
not absolute assurance that Inajor risks have been adequately managed. The Board of Trustees continues to work closely
with the Head Teacher to update the risk register, risk assessment processes and review area5 of Inajor risk within the
school.
Future plans
The Board of Trustees and the Headieacher, supported by the staff, are in the process of delivering the school's Strategy
2025, with a view to updating this stt'ategy {up to 2027) in the coining inonths. The ainbition set out in that strategy for
the school reinains to Iransforin the school froin a local, hidden treasure, to a school of regional and inteimational
standing, recognised for delivering an outstanding creative educational prograin to each individual child, and instilling a
love of learning in thein.
The Board of Ti'ustees recognises that collaboration and engagement with the wider school community, including
teachers and pai'entslcarers, is ci'u¢ial to:
Help identify strengths and areas for improveinent.
Infoiin the school's development plan. and
Drive the school's growth and ensure continual enhanceinent in education.
To support a shared commitinent to excellence, the Board of Trustees soiight the views of teachers and parentslcarers on
several aspects relating to the school. Einerging priorities froin this exercise include..
Maintaining the substantial achieveinents inade in pre-school and lower school, while acknowledging there are cultural
and educational needs that inust be addressed in the uppei. school.
The scliool's physical buildings and its environs require further maintenance and repair (and Capital investinent) to
support educational enhanceinent.
The intention of this collaboration and engageinent extends to iTJaking sure the wider School cominunity is aware of what
the school I'equires to increase its resei'ves fund in line wilh the appropriate financial governance of the school's
charitable statu5 and its biisiness operational requireinents.
The Board of Trustees recognises the external post pandemic environment within which tlie school operates reinains
unceitain, due to Inacro political, legislative, economic and social challenges. Therefoi'e, Ihe continued success of the
school (including its financial viabiltty and sustainability) needs to be based on a strategy focused on encouraging
studenl eni'olinent and student retenlion, coupled with an annual i'eview of fees to fully covei. operating costs, with a
view to generating additional i'eserves in tlie next 3 years.
Our future plans continue to be ambitious, and it will be important to review progress on an ongoing basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Holywood Steiner School Liinited (HSS) is a I'egistered chai'ity, which is controlled by it5 governing docuinent, a deed
of trust, and constitutes a li1￿1¢ed coinpany, liinited by guai'antee, as defined by the Coinpanies Act 2006.

Holywood Steiner School Limited (Registered number: N1012003)
Report of the Trustee5
for the Year Ended 31 August 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recrultment and appointment of new trustees
New membership for the Board of Trustees involves recruitment cainpaigns Inade via several channels, including the
school website and advertising on voluntary and charity sector websites. New inembers are fonnally recruited and
appointed, as per the Articles of Association. Trusteeship is ratified at the Annual General Meeting.
New trustees receive the relevant docuinents including inforination about the role of administration at a Steiner or
Waldorf school. A skills assessmenl of ihe Board is carried out on an annual basis. More formal training is also
scheduled on an annual basls Wlth NICV A (Northern Ireland Coiincil for Voluntary Action) and the Steiner Waldorf
Fellowship.
Decision making
The Board of Trustees is responsible foi. the effective governance and overall legal and ftnancial tnanageinent of the
school. The full Board of Trustees meets once a month throughout the yeai., and it has designated the following siib
coinmittees:
People & Culture Sub Commitlee - overseeing policies, recruitment and compliance. The work of implementing
policies is supported by both teaching and non-teaching teams.
Development Sub Committee - overseeing the developinent of the school (in terms of the physical assels, grounds and
maintenance, the charitable and educational activities etc.).
Finance Sub Committee - overseeing income and expenditui'e and financial related matters.
The sub-coinmittees also ineet inonthly and present recoinmendations to the full Board of Trustees.
The Board of Ti'ustees appoints (einploys) all meEnbers of staff. It delegates responsibility for the effective management
of the school to the Head Teachei. and the College of Teachers. The task of the Board of Trustees is to hold an
awai'eness of, and make decisions about, what is in the best long-term intei'ests of the whole school.
The Headteacher, supported by a Senior Leadership Team, is responsible for the effective leadership and manageinent of
the school.
All Trustees and the Head Teachei- are also invited to participate in a sÉrategic development woi'kshop bi-annually. In
addition, a strategy session with staff was held to gain their valuable input on the school's Strategy 2025, with a view to
updating this strategy (up to 2027) in the co1￿1ng months.
Escalation of issues that arise that cannot be resolved following the docuinented pi'ocesses can be escalated directly to
the Board of Trustees.
Key management remuneration
The reinunei'ation for senior Inanagement is based on similar posts and corresponding payscales funded by the
Departinent of Education Nl. The inembei's of the Senior Leadei'ship Teain (two Heads of School and a Learning
Suppoit Coordinator) are paid an additional £120 per inonth, otherwise referred to in the ediication sector as a salary
point for i'esponsibility. A salary poiiit paid foi. by the Department of Ediication Nl is ovei. £200 per inonth.

Holywood Steiner School Limited (Registered number: N1012003)
Report of the Trustees
for the Year Ended 31 August 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Wider net)vork
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 Inember of th¢ Steiner Waldorf Schools Fellowship which
provides advice, training and a link to other UK and Irish Steiner schools.
The Holywood Steiner School was founded in 1975 to provide a Steiner/Waldorf education in Northern Ireland. The
Holywood Steinei. School Limited is a company limited by guai'antee founded in 1977 and is registered as a charitable
coinpany with the HM Revenue & Custoins and the Chai'ity Cointnission for Northern Ireland. Its i'egistered office and
main business address is 34 Croft Road, Holywood, Co Down, BTI 8 OPR.
The structure of the Charity during 2023124 conststed of the Board of Ti'ustees who inanaged the business of the
Association. The Headteacher managed the school with assistance froin the administration teain and Early Years, Lower
School and Upper School Teaching representatives.
AUDITORS
The auditors, M.B.McGrady & Co, will be proposed for re-appointinent at the forthcoming Annual General Meeting.
Report of the tr
stees, incorporating a strategic report, appi'oved by order of the board of trustees, as the coinpany
and signed on the board's behalf by..
Ms Lauren Siinpson - Trustee

Holywood Steiner School Limited
Statement of Trustees, Responsibilities
for the Year Ended 31 August 2024
The trustees (who are also the directors of Holywood Steinei. School Limited for the purposes of company law) are
responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to pi'epare financial statements for each fiiiancial yeai. which give a ti'ue and fair view
of the state of affairs of the chai'ilable company and of the incoming resources and application of resources, including
the income and expenditure, of the chai'ilable Coinpany for that period. In preparing those financial statements, Ihe
trustees are required to
select suitable accounting policies and then apply thein consistently.
observe the methods and principles in the Chai-ity SORP.
make jiidgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial position of the charitable company and fo enable thein to ensure that the financial stateinenls comply wiih
the Companies Act 2006. They are also responsible foi. safeguarding the assets of the charitable coinpany and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
In 50 far as the trustees are aware:
there is iio relevant audit inforniation of which the charitable company's aiiditors are unaware; and
the trustees have taken all steps that Ihey ought lo have taken to inake themselves aware of any relevant audit
information and to establish that the auditors are aware of that inforination.

Report of the Independent Auditors to the Trustees and Members of
Holywood Steiner School Limited
Opinion
We have audited the financial statements of Holywood Steiner School Liinited (the 'charitable company,) for the year
ended 31 August 2024 which comprise the Statement of Financial Aclivities, the Balance Sheet, the Cash Flow
Stateinent and notes to the financial statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards (United Kingdoin Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a Irue and fair view of the state of the charitable coinpany's affairs as at 31 August 2024 and of its in¢oining
I'esources and application of I'esources, including its income and expenditure, for the year then ended.
have been properly prepared in accordance with United Kingdoin Generally Accepted Accounting Practice. and
have been pi'epared in accoi'dance with the requireinents of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are further desci'ibed in the Auditoi's, i'esponsibilities foi. the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the finaiicial stateinents in the UK, in¢luding the FRC'S Ethical Siandard,
and we have fulfilled our other ethical I'esponsibilities in accordance with these requireinents. We believe that the audit
evidence we have obtained is sufficient aiid appropriate to pi'ovide a basis for our opinion.
Conclusions I'elating to going concern
In auditing the financial stateinents, we have concluded that the trustees, use of the going concern basis of accounting in
the pi'epai'ation of the financial stateinents is appropriate.
Based on the work we have perforined. we have not identified any Inaterial uncertainties relating to events or condition5
that, individually oi. collectively, n)ay cast significant doubt on ihe charitable coinpany's ability to continue as a going
concei'n for a period of at l¢ast twelve Rnonths froin when the financial stateinenls are authorised for issue.
Our responsibilities and the responsibilities of the Irustees with respect to going concern are described in the relevant
sections of this report.
Other information
The trustees are responsible for the other infonnation. The other information comprises the inforiiiation included in the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial stateinents doe5 not cover the other information and, except to the extent othei'wise
explicitly stated in our report, we do not express any forin of assiii'ance conclusion thereon.
In connection with our audit of Ihe financial statel￿entS, our responsibility is to read the other inforination and, in doing
so, Consider whethei. the othei. information is materially inconsistent with the financial statements or our knowledge
obtained in the audit oi. otherwise appeal's to be materially Inisstated. If we identify such Inaterial inconsistencies or
apparent I￿aterial inisstateinents, we are reqiiired to deterinine whether this gives rise to a Inalerial misstateinent in tlie
financial stateinents iheinselves. If, based on the work we have perfornied, we conclude that there is a material
misstateinent of this other inforination, we are I'equired to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In oiir opinion, based on the woi'k undertaken in the coiii'se of the audit..
the inforination given in the Repoit of the Trustees foi. the financial year for which the financial stateinents are
prepai'ed is consistent with Ihe financial stateinenls. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
10

Report of the Independent Auditors to the Trustees and Members of
Holywood Steiner School Limited
Matters on which ive are required to report by exception
In the light of the knowledge and understanding of the charitable coinpany and its environment obtained in the course of
the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following Inatters where the Companies Act 2006 requires us to report to you
if, in our opinion:
adequale accounting records have not been kept or retttrn5 adequate for our audit have not been received froin
branches not visited by us. o
the financial slateinents are not in agreeinent with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the inforination and explanations we require for oui. audit. or
Ihe trustees were not entitled to take advantage of the small companies exeinption from the requireinent to prepare a
Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the direclors of the
charitable company for the purposes of company law) are i'esponsible for the prepai'ation of the financial stateinents and
for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary
to enable the preparation of financial stateinents that are free froin malerial inisslatement, whether due to fraud or error.
In preparing the financial statemenls, the trustees are responsible for assessing the charitable coinpany's ability to
continue as a going concern, disclosing, as applicable, matters related to going concei'n and using the going concern
basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have
no realistic alternative but to do so.

Report of the Independent Auditors to the Trustees and Members of
Holywood Steiner School Limited
Our responsibilities for the audit of the flnancial statements
Our objectives are to obtain reasonable assui'ance about whether the financial stateinents as a whole are free from
material misstateinent, whether due to fi'aud or error, and to issue a Report of the Independent Auditors Ihat includes our
opinion. Reasonable assurance is a high level of assui'ance, but is not a guai'antee that an audit conducted in accordance
with ISAS (UK) will always detect a material Inisstatement when il exists. Misstateinents can arise froin fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
econoinic decisions of users taken on the basis of these financial stat¢inents.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below:
The extent to Ivhich our audit Ivas capable of detecting irregularities, including fraud
In'egularities, including fi'aud, al'e instances of non-coinpliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, to detect inaterial misstatements in respect of irregularities, including fraud. In
assessing and detecting irregularities such as fraud and non-coinpliance with laws and regulations we Considered the
following..
the Inatters discussed ainong the audit engageinent teain and any other relevant professionals regarding how and where
fraud might occur in the financial stateinents and any potential indicators of fraud.
the nature of the industiy and any laws and i'egulations applicable to the company and the industry.
the coinpany's own assessinent of the risk of fraiid and other iii'egularities.
the company's policies and procediires in relation to:
how they identify and coinply with all relevant laws and regulations and whether they are aware of any
non-compliance.
how they detect and respond to risks of fraud and their knowledge of any actual, suspected or alleged fraud. and
Ihe Control enviromnent within the company and how this initigates risks of fraud and instances of non-coinpliance
with laws and regulations.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for
fraud and identified the greatest potential for fraud in relation to misappropriation of assets. In Coli￿non with all audits
under ISAS (UK), we al'e also required to perfoi'in specific procedures to respond to the risk of management override.
In response to the risk of Inaterial misstateinent through irregularities and non-compliance with laws and regulations, we
designed procedures which included, bitt were noi liinited to:
ensuring the engage1￿ent teain had the appropriate knowledge and expertise in order to be able to identify and
I'ecognise any instances of fraud or non-compliance with laws and regulations;
we identified the laws and I'egulations applicable to the coinpany through discussions with directors and manageinent
and from our knowledge aiid experience of the sector; and
ensuring the audit was carried out wilh a level of professional scepticism.
In i'esponse to the risk of irregulai'ities and non-compliance with laws and regulations, we designed procedures which
included. but were not liinited to..
enquiring of manageinent concerns of actual and potential litigation and claims.
agreeing the financial stateinent disclosures to underlying supporting docuinentation to assess coinpliance with relevant
laws and regulations. and
reviewing correspondence with the Charity Coin]nission for Northei'n Ireland and any other relevanl regulatory bodies
To addi'ess the I'isk of fraud through inanageii)ent bias and ovei'ride of controls, we..
pei'form analytical procedures to identify any unusiial or unexpected relationships thal may indicate risks of Inaterial
misstateinent diie to fraud.
test the appropriateness of journal entries and other adjustinents.
assess whether the judgeinents Inade in Inaking accoiinling estiinates are indicative of a potential bia5. and
evaluate the business ralionale of any significant ti'ansactions that are unusiial or outside tlie norinal course of business.
12

Report of the Independent Auditors to the Trustees and Members or
Holywood Steiner School Limited
We also communicated relevant identified laws and regulations and potential fraud risk5 to all engageinent team
members and significant component audit teams. and reinained alert to any indications of fraud or noncompliance with
laws and regulations throughout the audit.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are
from financial transactions, the less likely it is 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 management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve
deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uk/auditoi'sresponsibilities. This description forms part of our Report of the
Independent Auditors.
Use of our report
This report is made solely to the Charitable company's ineinbers, 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 auditors, report and for no other purpose. To the fullest
exlent permitted by law, we do not accept or assuine responsibility to anyone other than the charitable company and the
charitable company's members as a body. for our audit work, for this report, or for the opinions we have fonned.
Conaill McGrady FCA
tatutory Auditor)
for and on behalf of M.B.McGrady & Co
Chartered Accountants
Statutory Auditors
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH
Date:
13

Holyivood Steiner School Limited
Statement of Financial Activities
(Incorporating an Income aild xpenditure Account)
for the Year Ended 31 August 2024
3118124
Total
funds
3118123
Total
funds
Unrestricted
funds
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
21,420
21,420
8,771
Charitable aetivlties
Charitable Activities
654,600
15,000
669,600
638,936
Other trading activities
Investment incoine
46,897
754
46,897
754
41,242
271
Total
723,671
15,000
738,671
689,220
EXPENDITURE ON
Charitable activities
Charitable Activities
Support Costs
744,769
753
744,769
753
703,646
1,381
Total
745,522
745,522
705,027
NET INCOME/{EXPENDITURE)
Tran5fei's betiveen funds
(21,851)
15,000
15,000
(15,000)
{6,851)
(15,807)
21
Net movement in funds
(6,851)
(6,851)
(15,807)
RECONCILIATION OF FUNDS
Total funds bi'ought foNard
107,996
251,989
359,985
375,792
TOTAL FUNDS CARRIED FORWARD
101,145
251,989
353,134
359,985
The notes foi'iT] pai't of these financial 5tateinents
14

Holywood Steiner School Limited {Registered number: N1012003)
Balance Sheet
31 August 2024
3118124
3118123
Notes
FIXED ASSETS
Tangible assets
Investinents
14
15
478,796
2,335
463,132
3,088
481,131
466,220
CURREI NT ASSETS
Debtors
Cash at bank
16
18,137
136,592
38,748
146,507
154,729
185,255
CREDITORS
Amounts falling due within one year
17
(158,819)
(150,332)
NET CURRENT ASSETS
(4,090)
34,923
TOTAL ASSETS LESS CURRENT
LIABILITIES
477,041
501,143
CREDITORS
Amounts falling due after inore than one year
18
(50,000}
(59,000)
PENSION LIABILITY
22
(73,907)
(82,158)
NET ASSETS
353,134
359,985
FUNDS
Unresti'icted funds:
General fund
Designated ￿llds
21
175,052
(73,907)
190,154
(82,158)
101,145
107,996
Resti'icted funds:
Restricted fund
251,989
251,989
TOTAL FUNDS
353,134
359,985
The financial stateinenls were approved by the Board of Triistees and authorised for issue
and were signed on its behalf by:
on
Ms Laiii'en Siinpson - Trustee
The notes forin part of these financial stateinents
15

Holywood Steiner School Limited
Cash Floiy Statement
for the Year Ended 31 August 2024
3J18124
3118123
Notes
Cash flows from operating activities
Cash generated froiTJ operations
24
30,407
30,158
Net cash provided by operating activities
30,407
30.158
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
(41,076)
754
(9,962)
271
Net cash used in investing aclivities
(40,322)
(9,691)
Change in cash and eash equivalents in
the reporting pei'iod
Cash and cash equivalents at the
beginning of the reporting period
(9,915)
20,467
146,507
126,040
Cash and cash equivalents at the end of
the reporting period
136,592
146,507
The notes forin pait of these financial slateinenls
16

Holyivood Steiner School Limited
Notes to the Financial Statements
for the Year Ended 31 August 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Stateinent
of Recoinlnended Praclice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Coinpanies Act 2006. The financial stateinents have been prepared under the historical cost
convention, with the exception of investinents which al'e included at Inarket value.
The charity is incorporated in Northern Ireland.
Income
All iThcoine is recognised in the Stateinent of Financial Activities once the charity ha5 entitlement to the ￿nds, it
is probable that the incoine will be i'eceived and the amount can be ineasured reliably.
Incoine froin charitable activities is the ainount derived from the provision of goods and services stated after
discounts.
Income from donations or grants is recognised when there is evidence of entitleinent to the gift, receipt is
probable and its ainount can be Inea5ured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cominitting the
charity to that expenditure, it is probable that a transfer of econoinic benefits will be requii'ed in settlemenl and
the ainount of the obligation can be measured reliably. Expenditure is accounted foi. on an accruals basis and has
been classified under headings that aggi'egate all cost related to the category. Whei'e costs cannot be dii'ectly
attributed to particular headings they have been allocated to activilies on a basis consistent with the use of
resources.
Tangible fixed assets
Depi'eciation is provided at the following annual rates in order to write off each asset over its estimaled iisefiil
life.
Freehold propety
Fixtures and fittings
Computer equipinent
20/0 on cost
IOQ/o on cost
I 00/0 on cost
Tangible fixed assets are initially Ineasured at cost.
Taxation
The charity is exeinpt froin corporation tax on its charitable activities.
Fund accounting
Unrestt'icted fiinds can be used in accordance with the charitable objectives at the disci'etion of the Irust¢es.
Restricted funds can only be used for particular restricted purposes within th¢ objects of the charity. Restrictions
arise when specified by the donoi. or when funds al'e raised for particular restricted purposes.
Furthei. explanation of the iiature and purpose of each fund is included in the notes to ihe financial slatements.
Financial instruments
Financial assets and financial liabilitie5 al'e I'ecognised when the charity becoines party to the conti'actual
provisions of the instrument.
17
continiied...

Holywood Steiner School Limited
Notes to the Financial Statevnents - continued
foi. the Year Ended 31 August 2024
ACCOUNTING POLICIES- continued
Financial instruments
Financial liabilities and eqiiity instruments are classified according to the siibstance of the ¢onlractual
arrangeinents entei'ed into. An equity instruinent is any contract that evidences a residual interest in the assets of
the charity after deducting all of its liabilities.
The charity's policies for its major classes of financial assets and financial liabilities are set out below.
Financial assets
Basic financial assets, inclLtding trade and other debtors and cash and bank balances are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is ineasured at
the present value of the future receipts discounted at a inai-ket rate of interest for a similar debt instrument.
Financing transactions ai'¢ those in which payinent is deferred beyond norinal business terins oi. is financed at a
rate of interest that is not a Inarket rate.
Such assets are subsequently Carried at amortised cost using the effective interest rate Inethod, less any
impairinent.
Financial liabilities
Basic financial liabilities, including trade and other creditors and loans al'e initially recognised at transaction
price, unless the ai'rangeinent constitiites a financing transaction, where the debt instrument is measured al the
present value of the futui'e payinentsdiscoiinted at a market l'ate of interest for a similar debt instriiment.
Financing transactions are those in which payment is deferred beyond nonnal business terms or is financed at a
rate of inlerest that is not a inarket rate.
Debt instrllinents al'e subsequently Carried at amortised cost, using the effective interest rate method.
Impaii'ment of financial assets
Financial assets Ineasured at cost and amortised c05t are assessed at the end of each I'eporting pei'iod for
objective evidence of impairment. If objective evidence of impairinent is found, an impairinent loss is i'ecognised
in the profil and Ios5 account.
For financial assets Ineasured at cost less impairrnent, the iinpairinent loss is measured as the diffei'ence between
the asset's cai'rying ainount and the best estimate of the amount the charity would receive for the asset if it were
to be sold at the repoiting date.
For financial assets measured at ainortised cost, the impaii'Inent loss is Ineasured as the difference between the
asset's carrying amount and the present value of estiii)ated cash flows discoiinted at the asset's original effe¢live
interest rate. If the financial asset has a variable intei'est rate, the discount rate for Ineasui'ing any impairment Ios5
is the current effective interest rate deterinined under the contract.
If thei'e is a decrease in the impairinent loss arising from an event occurring after the impairment was recognised,
the iinpaii'inent is revei'sed, The i'eversal is such that the cui'i'ent carrying ainount does not exceed what the
cai'i'ying ainount would have been had the impairinent not pi'eviously been recognised. The iinpairment revei'sal
is recognised in pi'ofit or loss.
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the conti'actual rights to the cash flows froin the asset expire or are
settled, or {b) substantially all the risks and I'ewards of the ownei'ship of the asset are transfeiTed to another paty,
or (c) despite having retained soine significant risks and rewards of ownership, control of the asset to an
unrelated third party without iinposing additional restrictions.
Financial liabilities al'e derecognised when the liability is extinguished, that is when the conti'actiial obligation is
dischai'ged, cancelled or expires.
continued..

Holywood Steiner School Limited
Notes to the Financial Statements - continued
for the Year Ended 3] August 2024
ACCOUNTING POLICIES- continued
Financial instruments
Offsetting of financial assets and financigl liabilities
Financial assets and liabilities are offset and the net amouiit reported in the balance sheet when thei'e is an
enforceable l'ight to set off the i'econgised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability siinultaneously.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable
company's pension scheine are chai'ged to the Stateinent of Financial Activities in the period to which they relate.
Donated goods
Donated assets are initially recognised at theÈK fair value at the date of donation. Where an external valuation is
not available, Inanagement will inake a reasonable estimate based on inarket inforination or othei. relevant
sources. Any costs directly attributable to bringing the asset to its intended iise will also be capitalised.
Donated assets are depreciated over their estiinaled iiseful lives using the saine policies as purchased assets.
Going concern
The financial stateinents have been prepared on a going concern basis with no inaterial uncertainties arising.
The trustees believe that the charity will continue as a going concern. Appropriate planning has been undertaken
for the fiinding and provision of charitable services and and there are no concei-ns regarding the long-terin
funding for the charity and its activities.
DONATIONS AND LEGACIES
3118124
3118123
Donations and Gifts
21,420
8,771
OTHER TRADING ACTIVITIES
3118124
3118123
Playgroup Incoine
Guest Stud¢nt
Afterschool club income
Parent and child group
Room Hii'e Income
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
continiied...

Holyivood Steiner School Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
INVESTMENT INCOME
3118124
3118123
Interest Receivable
754
271
IIYCOME FROM CHARITABLE ACTIVITIES
3118124
3118123
Activity
Charitable Activities
Charilable Activities
Charitable Activities
Parental Contributions
Grants
Other Income
633,675
35,846
79
584,587
34,929
19,420
669,600
638,936
Grants received, included in the above, are as follows:
3118124
3118123
DAERA
20,846
24.233
CHARITABLE ACTIVITIES COSTS
Direet
Costs (see
note 7)
Support
costs (see
note 8)
Totals
Charitable Activities
Support Costs
620,255
124,514
753
744,769
753
620,255
125,267
745,522
DIRECT COSTS OF CHARITABLE ACTIVITIES
3118124
3118123
Staff cost5
Equipinent Rental
Education Supplies
Steiner School Fellowship
Exainination Expenses
Staff Travel and Training
Increase in Bad Debt Provision
Siipply Teachei's
Grant expenditure
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
conliniied...

Holyivood Steiner School Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
SUPPORT COSTS
Information
technology
Management
Finance
Charitable Activitie5
Suppor¢ Costs
70,339
26,945
20,195
70,339
26,945
20,195
Human
resources
Govei'nance
eosts
Totals
Charitable Activities
Support Costs
7,035
124,514
753
753
753
7,035
125,267
NET INCOMEI(EXPENDITURE)
Net incoine/(expenditure) is stated after ¢hargingl(crediting):
3118124
3118123
Depre¢ialion - owned assets
Deficit on disposal 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 charity's financial
slatements
5,035
3,140
ii.
TRUSTEES, REMUNERATION AND BENEFITS
There were no tru5tees' reniuneration or other benefits for the year ended 31 August 2024 nor for the year ended
31 August 2023.
Trustees, expenses
There were no tru5tees' expenses paid for the year ended 31 Augusi 2024 nor for the year ended
31 August 2023.
21
continiied...

Holywood Steiner School Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
12.
STAFF COSTS
3118124
3118123
Wages and salai'ies
Social security COSt5
Other pension costs
509,235
36,339
15,018
461,605
29,980
13,205
560,592
504,790
The avei'age inonlhly number of employees diiring the year was as follows..
3118124
21
3118123
20
Teaching staff
Non-teaching staff
27
28
No einployees received emoluments in excess of £60,000.
Key manageinenl personnel include all persons that have authority and respoiisibility foi. planning, directing and
controlling the activities of the chai'ity. The total consideration paid to key management pei'sonnel, including
einployers national insurance conti'ibutions, for services provided to the Charity was £124,505.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
13.
Restricted
rund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
8,771
8,771
Charitable aetivities
Charitable Activities
628,240
10,696
638,936
Othei. trading activities
Investment incoine
41,242
271
41,242
271
Total
678,524
10,696
689,220
EXPENDITURE ON
Charitable activities
Charitable Activities
Support Costs
694,772
1,381
8,874
703,646
,381
Total
696,153
8,874
705,027
NET INCOMEI(EXPENDITURE)
(17,629)
1,822
(15,807)
RECONCILIATION OF FUNDS
Total funds brought foiward
125,625
250,167
375,792
22
continued.-.

Holywood Steiner School Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- 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 2nd
machinery
COST
At I September 2023
Additions
722,412
30,742
28,050
7,800
At 31 August 2024
722,412
58,792
7,800
DEPRECIATION
At I September 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
Fixtures
and
rittings
Computer
equipment
Totals
COST
At I Septeinber 2023
Additions
99,554
877
9,456
4,349
862,164
41,076
At 31 August 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 31 August 2024
27,932
5,712
478,796
At 31 August 2023
31,801
5,625
463,132
23
continued...

Holyivood Steiner School Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
14.
TANGIBLE FIXED ASSETS- continued
During the year, Holywood Steinei. School Limited received a donation of tangible fixed assets with a total fair
value of £7,800. These assels have been capisalised in the financial stateinenls in accordance with the school's
ac¢ounling policy on donated assets.
The valuation of these assets was based on a coinbination of botli external valuations and inanagement estimates.
Depreciation has been charged on these assets in a¢coi'dance with the scliool's fixed assets policy.
FIXED ASSET INVESTMENTS
15.
Unlisted
investments
MARKET VALUE
At I Septeinber 2023
Moveinent in year
3,088
(753)
At 31 August 2024
2,335
NET BOOK VALUE
At 31 August 2024
2,335
At 31 August 2023
3,088
There were no investment assets outside the UK.
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3118124
3118123
Trade debtors
Other debtors
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 School Limited
Notes to the Financial Statements- Continued
for the Year Ended 31 August 2024
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3118124
3118123
Other loans (see note 19)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
14,165
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)
50,000
59,000
19.
LOANS
An analysis of the inaturity of loans is given below-
3118ll4
3118123
Ainounts falling due within one year on demand..
Other loans
14,165
5,165
Ainoiints falling between one and iwo years..
Othei. loans - 1-2 yeai's
50,000
59,000
20.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
3118124
Total
funds
3118123
Total
funds
Unrestricted
funds
Restricted
fund
Fixed assets
Investinents
Current assets
Cui'i'ent liabilities
Long terin liabilities
Pension liability
226,807
2,335
154,729
{158,819)
(50,000)
(73,907)
251,989
478,796
2,335
154,729
(158,819)
(50,000)
(73,907)
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 Limited
Notes to the Financial Statements - continued
for the Yeai. Ended 31 August 2024
21.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
betiveen
funds
At
3118124
At 119123
Unrestricted funds
General fund
Designated funds
198,406
(90,410)
(38,354)
16,503
15,000
175,052
(73,907)
107,996
(21,851)
15,000
101,145
Restricted funds
Restricted fund
251,989
Is,000
(15,000)
251,989
TOTAL FUNDS
359,985
(6,851)
353,134
Net inovement in ￿nds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Genei'al fund
Designated fund5
723,671
(762,025)
16,503
(38,354)
16,503
723,671
(745,522)
(21,851)
Restricted funds
Restricted fiind
15,000
15,000
TOTAL FUNDS
738,671
(745,522)
(6,851)
Comparatives for movement in funds
Net
movement
in funds
At
3118123
At 119122
Unrestricted funds
General fund
Designated funds
215,823
(90,198)
(25,669)
8,040
190,154
(82,158)
125,625
(17,629)
107,996
Restricted funds
Restricted fund
250,167
1,822
251,989
TOTAL FUNDS
375,792
(15,807)
359,985
26
continued...

Holyivood Steiner School Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
21.
MOVEMENT IN FUNDS- continued
Coinparative net moveinent in funds, included in the above are as follows..
Incomiiig
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Designated funds
678,524
(704,193)
8,040
(25,669)
8,040
678,524
(696,153)
(17,629)
Restricted fund5
Restricted ftind
10,696
(8,874)
1,822
TOTAL FUNDS
689,220
(705,027)
(15,807)
A current year 12 inonths and prior year 12 Inonths coinbined position is as follows..
Net
movement
in funds
Transfers
bet)Yeen
funds
At
3118124
At 119122
Unrestricted fund5
General fund
Designated funds
215,823
(90,198)
(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
(15,000)
251,989
TOTAL FUNDS
375,792
(22,658)
353,134
A current year 12 Inonths and prior year 12 months coinbined net Inovem¢nt in ￿nds, included in ihe above are
as follows:
Incoming
resources
Resourees
expended
Movement
in funds
Unrestrieted funds
General fund
Designated funds
1,402,195
(1,466,218)
24,543
(64,023)
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
continlied...

Holywood Steiner School Limited
Notes to the Financial Statements - coiitinued
foi. the Year Ended 31 August 2024
22.
EMPLOYEE BENEFIT OBLIGATIONS
A full actuarial valuation was last carried out at 29 Deceniber 2021 and valued the pension liability at £134,000.
An actuarial review was carried out as at 29 December 2023 and estiinated the School's pension liability at
£86,000.
At 31 August 2024 £73,907 is recognised as designated fiinds in respect of this liability
The cost of providing benefits under defined benefit plans is determined separately and is based on actuarial
calculations.
The change in the net defined benefit liability arising froin employee service during the year is recognised as an
employee cost. The cost of plan introductions, benefit changes, settlements and curtailmenls are recognised as
incuii'ed.
Payinenls to defined contribution retireinent benefit schemes are charged as an expense as they fall due.
23.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
24.
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
3118124
3118123
Net expenditure for the reporting period (as per the Statement of
Finaneial Activities)
Adjustmeiits foi.:
Depreciation charges
Loss on disposal of fixed assets
Interest I'eceived
(Gain) l Loss on Investment
De¢reasel(increase) in debtors
(Decrease)lincrease in creditors
Difference between pension charge and cash contributions
(6,851)
(15,807)
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 operations
30,407
30,158
25.
ANALYSIS OF CHANGES 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
Debt
Debts falling due within l year
Debts falling due aftei. l year
{5,165)
(59,000)
(9,000)
9,000
(14,165)
(50,000)
{64,165)
(64,165}
28
continued...

Holywood Steiner School Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
25.
ANALYSIS OF CHANGES IN NET FUNDS- eontinued
Total
82,342
(9,915)
72,427
29