THE KING'S SCHOOL OTTERY ST MARY

Company limited by guarantee

Company Registration Number:
07560660 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

THE KING'S SCHOOL OTTERY ST MARY

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

THE KING'S SCHOOL OTTERY ST MARY

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The Academy Trust's objective is specifically restricted to the following: to advance for the public benefit education in the United Kingdom, in particular but without prejudice to the generality of the foregoing by establishing, maintaining, carrying on, managing and developing a school offering a broad and balanced curriculum.



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Sue Cade
Elizabeth Charles
Stephen Ellison
Annie Filmer-Bennett
Robert Gammon
Tara Greifenberg
Rupert Hill
Charlotte Hollingshead
Lucy Kennaway
John Lavender
Tim Penberthy
Ben Rowland
Lisa Tomkins
Helena Wilson


The director shown below has held office during the period of
1 September 2023 to 7 March 2024

Nikki Wilkes


The director shown below has held office during the period of
1 September 2023 to 19 October 2023

Edward Bloomfield


The director shown below has held office during the period of
14 May 2024 to 31 August 2024

Oliver Rowlands


The director shown below has held office during the period of
2 May 2024 to 31 August 2024

Penny Hammett


The director shown below has held office during the period of
19 February 2024 to 31 August 2024

Sarah Brassington


Secretary Robert Tait

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 December 2024

And signed on behalf of the board by:
Name: Stephen Ellison
Status: Director

THE KING'S SCHOOL OTTERY ST MARY

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 14,955,159 15,554,669
Total fixed assets: 14,955,159 15,554,669
Current assets
Debtors: 4 168,073 383,373
Cash at bank and in hand: 1,142,794 598,233
Total current assets: 1,310,867 981,606
Creditors: amounts falling due within one year: 5 ( 445,851 ) ( 424,011 )
Net current assets (liabilities): 865,016 557,595
Total assets less current liabilities: 15,820,175 16,112,264
Provision for liabilities: ( 29,000 ) ( 340,000 )
Total net assets (liabilities): 15,791,175 15,772,264
Members' funds
Profit and loss account: 15,791,175 15,772,264
Total members' funds: 15,791,175 15,772,264

The notes form part of these financial statements

THE KING'S SCHOOL OTTERY ST MARY

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 10 December 2024
and signed on behalf of the board by:

Name: Stephen Ellison
Status: Director

The notes form part of these financial statements

THE KING'S SCHOOL OTTERY ST MARY

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE KING'S SCHOOL OTTERY ST MARY

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 154 168

THE KING'S SCHOOL OTTERY ST MARY

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 19,759,549 290,826 194,507 589,990 41,040 20,875,912
Additions 5,680 18,254 1,842 4,643 30,419
Disposals ( 1,995 ) ( 1,995 )
Revaluations
Transfers 100,687 100,687 0
At 31 August 2024 19,664,542 407,772 196,349 594,633 41,040 20,904,336
Depreciation
At 1 September 2023 4,494,028 221,809 122,272 442,094 41,040 5,321,243
Charge for year 529,972 21,715 13,413 64,572 629,672
On disposals ( 1,738 ) ( 1,738 )
Other adjustments
At 31 August 2024 5,024,000 241,786 135,685 506,666 41,040 5,949,177
Net book value
At 31 August 2024 14,640,542 165,986 60,664 87,967 0 14,955,159
At 31 August 2023 15,265,521 69,017 72,235 147,896 0 15,554,669

THE KING'S SCHOOL OTTERY ST MARY

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 5,770 84,360
Prepayments and accrued income 148,677 270,454
Other debtors 13,626 28,559
Total 168,073 383,373

THE KING'S SCHOOL OTTERY ST MARY

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 78,420 266,446
Accruals and deferred income 79,451 126,675
Other creditors 287,980 30,890
Total 445,851 424,011