Registered number:
Charity number:
(A Company Limited by Guarantee)
FOR THE YEAR ENDED 30 JUNE 2024
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
CONTENTS
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2024
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees (who are also the Directors of the company for the purposes of company law and are known as Governors) present their annual report together with the audited financial statements of the company (which is also referred to as a charity in these accounts) for the period from 1 July 2023 to 30 June 2024. The Annual Report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The main objects of the charitable company are to carry on an independent school where students may obtain on reasonable terms a sound classical, mathematical, scientific and general education of the highest order and to provide for the training and instruction of pupils and students at the school in every branch of learning, domestic training, parenthood, and to provide such pupils and students with spiritual, moral, mental, and physical training.
The objectives of Rockport School are: • The advancement of education, particularly the education and advancement of children and young people; • The advancement of the arts, mathematics, science, culture and heritage; • The advancement of lifelong participation in sport and leisure; • The provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the person for who the facilities or activities are primarily intended; • The advancement of citizenship or community development; and • The advancement of the Round Square IDEALS: Internationalism; Democracy; Environment; Adventure; Leadership and Service. During the year the charitable company's main objective was the pursuance of the above objects.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Objectives and activities (continued)
b. Strategies for achieving objectives
This was done as follows: • Monitoring performance in external public examinations in comparison with national averages and other independent schools; • Ongoing review of the school's academic syllabus both as to the range of subjects and the level of representation in external public examinations; • Ongoing development of learning and teaching initiatives supported by in service training; • Self evaluation of different parts of the school; • Ongoing review of extra curricular provision taking into account feedback from staff, parents and pupils; • Maintaining and improving the level of bursary and scholarship funds; • Continuing to promote a culture of endeavour and achievement in communications with parents, pupils and staff; • Reviewing school development plan priorities and measuring outcomes against action plans established at the outset; • Promoting involvement with the wider community with activities such as community service, liaison and partnership with other schools and charities; • Promoting a culture of citizenship through activities such as Duke of Edinburgh's Award, Young Enterprise, as well as Round Square and other service projects; • Participation in Round Square conferences and activities and active participation in charitable giving through a wide range of events and opportunities throughout the year; • Ongoing maintenance and development of the property and facilities of the school; and • Maintaining effective careers, pastoral and guidance departments to support pupils.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Objectives and activities (continued)
c. Activities undertaken to achieve objectives
Several staff contribute to educational bodies, curriculum development and new initiatives at both local and national level. The School also plays a significant role in supporting the training of new teachers in Northern Ireland as a centre of the training of student teachers from Stranmillis University College and others, providing placements and employing some teachers once qualified. The Centenary Arts building provides a venue for the practice of music, drama and other creative arts. The school hosts art exhibitions showcasing the work of pupils and also of local artists; events which are open to the public. The Rockport Community Arts initiative provides a space for local artists and artisans to showcase their skills and to promote the arts to the local community. The school’s facilities are made available to the wider community for evening, weekend and school holiday use. A Spanish language school once again used the facilities for a three-week residential programme during July and the school hosted an international summer school in August. Local schools and playgroups continue to visit the school for sporting events and others have used the grounds for a range of activities as well as for access to the beach and coastal path. Charities engaged on sponsored runs and walks continue to use the school facilities as a base or as a rest stop for refreshments and comfort breaks. Each May, more than 500 pupils and teachers from 55 local schools participate in the Rockport Invitational Netball Tournament. Holywood Cricket Club and St Paul’s GAA Club have used the school grounds on a regular basis and a group of elite NI athletes trained in the school sports hall and grounds. Other events involving the local community are the School Carol Service held annually in St Philip’ and St James’ Church, Holywood, Founder’s Day and Remembrance Day services in Glencraig Parish Church in Craigavad, the school choir visits residential care homes on the run up to Christmas and a large number of students engage in service projects including for the Duke of Edinburgh’s Award Volunteering section. Students and staff attended a Round Square overseas conference hosted by Brookhouse School in Nairobi, Kenya. The conference included a focus on service and environmental projects. A similar venture is planned for the year ahead in Bogotá and Boyacá, Colombia. Other projects throughout the year involved pupils working with external agencies and charitable organisations. The school supported a number of charities including The Poppy Appeal, Northern Ireland Air Ambulance, Marie Curie and the Royal Belfast Hospital for Sick Children. Where possible, the school’s support for charities extends beyond mere fundraising to incorporate elements of community service by the pupils.
d. Social investment policies
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Objectives and activities (continued)
e. Grant-making policies
f. Volunteers
Achievements and performance
a. Review of activities
During the year ended 30th June 2024 the school had an average of 282 pupils of whom 41 were boarders.
GCSE and GCE results were outstanding, with 88.3% of all grades at GCSE obtained being A* to C grades, above the Northern Ireland average of 82.7%. An impressive 38.3% of the school’s GCSE results were at grades A*-A (compared to the NI average of 31%) and 10.8% of all grades achieved at GCSE were at the very top A* grade (compared to NI average of 8.3%). CAT predictors carried out for this cohort once again demonstrated that the value added effect of a Rockport education has improved grades in most cases by one, if not two and sometimes by three grades. At A Level, 100% of all grades attained were at A* to E, with 96.3% of all grades achieved at A* to C, (compared to NI average of 85.1%) once again demonstrating a very high standard. The top grades of A* and A at A level were awarded for 53.2% of the grades at Rockport (NI=30.3%) and the very top grade of A* was achieved in 17% of the grades, compared to 8.2% in NI as a whole. A summary of the Projects that were completed throughout the year are as follows: • New classroom block (two rooms) built on the lower lane for History and general subjects • 6th Form Study Building extended to double capacity for a growing number of students • Early Years SEND facility/Nurture Room added to R1 Playground • New tarmac and pothole repairs carried out on Rockport Road and in the school grounds • Drainage on top pitch further upgraded and improved
Financial review
a. Going concern
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
b. Reserves policy
c. Principal funding
Structure, governance and management
a. Constitution
Rockport School Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
The company is constituted under a Memorandum of Association dated 26th September 1967 and is registered as a charity with HM Revenue and Customs in Northern Ireland, registered charity number XN 48119. The company was incorporated on 26 September 1967. The principal object of the company continues to be a private day and boarding school, incorporating a playgroup. There have been no following changes in the objectives since the last annual report.
b. Methods of appointment or election of Trustees
c. Organisational structure and decision-making policies
George Vance - Headmaster Rhonda Palmer - Deputy Head Christine Hamill - Bursar
d. Policies adopted for the induction and training of Trustees
Other advisors are appointed to sub committees following nomination by the Chairman of the Board of Governors on the basis of their specialist skills, knowledge of the school and readiness to commit to contributing to the governance of the school. These individuals receive the same training as is given to Trustees.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Structure, governance and management (continued)
e. Related party relationships
f. Financial risk management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Plans for future periods
• Refurbish Pre-School and After-School building and surrounding area/playground • Refurbish the SEND facility (the Cottage) in collaboration with the SENDOs/Cottage Staff • Refurbish/Rewire and refit Staff House 1 • To continue to commit funds to the maintenance and improvement of the school buildings and grounds.
Statement of Trustees' responsibilities
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
∙So far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and
∙That Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
Auditors
The auditors, UHY Hacker Young Fitch Limited, have indicated their willingness to continue in office and a resolution to reappoint UHY Hacker Young Fitch Limited will be propsed at the forthcoming Annual General Meeting.
Approved by order of the members of the board of Trustees and signed on their behalf by:
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ROCKPORT SCHOOL LIMITED
We have audited the financial statements of Rockport School Limited (the 'charitable company') for the year ended
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ROCKPORT SCHOOL LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
∙the Trustees' Report has been prepared in accordance with applicable legal requirements.
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
∙the financial statements are not in agreement 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 information and explanations we require for our audit; or
∙the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ROCKPORT SCHOOL LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. As part of the audit in accordance with ISAs (UK) we exercised professional judgement and maintained professional scepticism throughout the audit. We identified the laws and regulations applicable to the company through discussions with Trustees and other management, and from our commercial knowledge and experience of the education sector and we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, the Charities Act (Northern Ireland) 2008 and the Charities Act (Northern Ireland) 2013. We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. We obtained an understanding of internal controls relevant to the audit in order to design audit procedures that were appropriate in the circumstances but not for the purpose of expressing an opinion of the effectiveness of the Company’s internal controls. To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions; evaluated the appropriateness of accounting policies used, including managements’ use of the going concern basis of accounting, and the reasonableness of accounting estimates and related disclosures made by management; and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included but were not limited to agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance; and enquiring of management as to actual and potential litigation and claims. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ROCKPORT SCHOOL LIMITED (CONTINUED)
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants and Statutory Auditors
Suite 2.06, Custom House
Custom House Square
Belfast
BT1 3ET
UHY Hacker Young Fitch Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
REGISTERED NUMBER: NI007054
BALANCE SHEET
AS AT 30 JUNE 2024
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Rockport School Limited is a private company limited by guarantee and is incorporated and registered in Northern Ireland under Company Registration Number NI007054.
The Registered Office is Rockport School 15 Rockport Road, Co. Down, BT18 0DD. The principal activity of the company continues to be a private day and boarding school, incorporating a playgroup.
2.Accounting policies
After making enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operation for at least the next 12 months.
Accordingly the Trustees continue to adopt the going concern basis in preparing the annual report and accounts.
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives, using the straight-line method.
Depreciation is provided on the following bases:
Investments held as fixed assets are shown at cost less provision for impairment.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
The company operates a defined benefits pension scheme. The scheme is a multi-employer scheme where it is not possible, in the normal course of events, to identify on a consistent and reasonable basis, the share of underlying assets and liabilities belonging to individual participating employers. Therefore, as required by FRS17 'Retirement benefits', the company accounts for this scheme as if it was a defined contribution scheme. The amount charged to the Statement of financial activities incorporating income and expenditure account represents contributions payable to the scheme in respect of the accounting period.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
4.Income from charitable activities (continued)
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
6.Analysis of expenditure on charitable activities (continued)
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
7.Analysis of expenditure by activities (continued)
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
7.Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
The accruals and deferred income balances include the following: 1. Fees received in advance: £54,635 (2023: £81,495). 2. Invoiced in advance: £403,249 (2023: £259,059). 3. Letting fees received in advance: £22,288 (2023: £51,872). 4. Study trips: £62,977 (2023: £53,191).
Included in bank loans and overdrafts falling due within one year are three bank loans totalling £nil (2023: £40,624). These loans are secured by mortgages over three houses included in the company's land and buildings. These loans were fully paid off by Rockport in this accounting period.
Bank loans not wholly repayable within 5 years are repayable in equal monthly instalments and accrue interest at an annual rate of between 8% and 9%.
Included in bank loans falling due after one year are three bank loans totalling £nil (2023: £252,417) These loans are secured by mortgages over three houses included in the company's land and buildings. All loans have now been fully repaid.
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ROCKPORT SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Financial assets measured at fair value through income and expenditure comprise cash at the bank.
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