IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.9.23 31.8.24 31.8.24 FY Miss Z C Astley Dr R Monhemius Mrs T E Robertson Mrs K J White Miss E Rembalski Miss V E Strugnell A D Beevers FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061567112023-08-31061567112024-08-31061567112023-09-012024-08-31061567112022-08-31061567112022-09-012023-08-31061567112023-08-3106156711ns0:CharitableCompanyLimitedByGuarantee2023-09-012024-08-3106156711ns15:PoundSterling2023-09-012024-08-3106156711ns0:Trustee22023-09-012024-08-3106156711ns0:Trustee12023-09-012024-08-3106156711ns0:Trustee32023-09-012024-08-3106156711ns0:Trustee42023-09-012024-08-3106156711ns0:Trustee52023-09-012024-08-3106156711ns0:Trustee62023-09-012024-08-3106156711ns0:Trustee72023-09-012024-08-3106156711ns11:FRS1022023-09-012024-08-3106156711ns11:IndependentExaminationCharity2023-09-012024-08-3106156711ns11:SmallCompaniesRegimeForAccounts2023-09-012024-08-3106156711ns11:FullAccounts2023-09-012024-08-3106156711ns11:CharitiesSORP2023-09-012024-08-3106156711ns16:EnglandWales2023-09-012024-08-3106156711ns11:RegisteredOffice2023-09-012024-08-3106156711ns11:CompanySecretary12023-09-012024-08-3106156711ns0:TotalUnrestrictedFunds2023-09-012024-08-3106156711ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3106156711ns0:Activity82023-09-012024-08-3106156711ns0:TotalUnrestrictedFundsns0:Activity82023-09-012024-08-3106156711ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3106156711ns0:Activity82022-09-012023-08-3106156711ns0:Activity92023-09-012024-08-3106156711ns0:TotalUnrestrictedFundsns0:Activity92023-09-012024-08-3106156711ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3106156711ns0:Activity92022-09-012023-08-3106156711ns0:TotalUnrestrictedFunds2023-08-3106156711ns0:TotalRestrictedIncomeFunds2023-08-3106156711ns0:TotalUnrestrictedFunds2024-08-3106156711ns0:TotalRestrictedIncomeFunds2024-08-3106156711ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-08-3106156711ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-08-3106156711ns10:WithinOneYear2024-08-3106156711ns10:WithinOneYear2023-08-3106156711ns10:AfterOneYearns0:TotalUnrestrictedFunds2024-08-3106156711ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-08-3106156711ns10:AfterOneYear2024-08-3106156711ns10:AfterOneYear2023-08-3106156711ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-09-012024-08-3106156711ns10:FurnitureFittingsToolsEquipment2023-09-012024-08-310615671122023-09-012024-08-310615671132023-09-012024-08-310615671112023-09-012024-08-310615671112022-09-012023-08-3106156711ns10:OwnedAssets2023-09-012024-08-3106156711ns10:OwnedAssets2022-09-012023-08-3106156711ns0:TotalUnrestrictedFunds2022-09-012023-08-3106156711ns0:TotalRestrictedIncomeFunds2022-09-012023-08-3106156711ns0:TotalUnrestrictedFundsns0:Activity82022-09-012023-08-3106156711ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-09-012023-08-3106156711ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-08-3106156711ns10:PlantMachinery2023-08-3106156711ns10:FurnitureFittings2023-08-3106156711ns10:PlantMachinery2023-09-012024-08-3106156711ns10:FurnitureFittings2023-09-012024-08-3106156711ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-08-3106156711ns10:PlantMachinery2024-08-3106156711ns10:FurnitureFittings2024-08-3106156711ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-08-3106156711ns10:PlantMachinery2023-08-3106156711ns10:FurnitureFittings2023-08-3106156711ns10:WithinOneYear2023-09-012024-08-3106156711ns10:BetweenOneTwoYears2024-08-3106156711ns10:BetweenOneTwoYears2023-08-3106156711ns10:BetweenTwoFiveYears2024-08-3106156711ns10:BetweenTwoFiveYears2023-08-31
REGISTERED COMPANY NUMBER: 06156711 (England and Wales)
REGISTERED CHARITY NUMBER: 1140307













Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Zelda School
(A Company Limited by Guarantee)

Zelda School






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 18

Zelda School (Registered number: 06156711)

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 Act 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 Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objective is:

"The advancement of education for children by establishing and running a primary school and otherwise supporting the education of young children."

At Zelda School we aim to develop happy,self-disciplined and motivated children. Children learn through play and projects, either individually or collaboratively. This is a place where parents and members of the wider community can take an active role in school life and where people are not measured against each other but against their own potential.

We aim to teach a love of learning and to stimulate natural curiosity by:
- Recognising each child's needs, talents and interests;
- Supporting the individual's style of learning by allowing them to create their own projects within the curriculum; and
- Giving children the motivation and reasons to research and study, allowing them to extend themselves.

We aim to provide children with the knowledge, skills and confidence to become democratic, self-respecting, loving adults.

Significant activities
This year we have continued to run Zelda School as a two class school at Holifield Farm in Cornwall, for up to 30 children each day.

Zelda School is a small environmentally friendly school, with buildings and furniture made from sustainable materials. We have been developing our gardens with the children and have a lovely vegetable patch with a poly-tunnel, a small woodland and an outdoor learning area. Outdoor learning and the environment are key features of education at Zelda School. There is a stable and highly committed team of staff working at Zelda School.

We continue to explore opportunities to further extend the Zelda School ethos to older groups of children and children in other geographical areas, and expand further into offering outdoor learning teacher training for mainstream school teachers.

This year has seen significant cost increases due to inflationary trends in the UK, which has resulted in a significant increase in fees charged. Demand has remained strong, however, and the school continues to be in a strong position to enhance learning in West Cornwall and we are pleased to report that our most recent Ofsted inspection in May 2022 has resulted in a rating of "Outstanding".

Public benefit
The trustees have given due consideration to Charity Commission published guidance on the operation of the Public Benefit requirement.


Zelda School (Registered number: 06156711)

Report of the Trustees
for the Year Ended 31 August 2024


OBJECTIVES AND ACTIVITIES
Volunteers
We would like to thank the many parents and carers who commit so much time and energy to Zelda School and make the running of a school like this possible. The support of parents who clean, come to workdays and support the school fundraising activities are much appreciated by the trustees and is recognised as vital to building the school community.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The primary focus of our charity is the operation of a small school in Cornwall, for up to 30 children each day at Holifield farm in Gweek. Overall, around 50 families have benefited from the education provided at Zelda School over the last year, and 12 people are employed by Zelda School. Our school at Holifield continues to operate from from 2 yurt classrooms. Future plans for development of the school site include development of an improved access route to the school in collaboration with our landowners. Planning permission has now been obtained for this road and work is expected to commence in 2025. We have worked hard to support children with SEND this year, increasing our skills and knowledge through various training including PEG feeding and using life support equipment, training to identify and support Neurodiversity and training to support children with their speech and language development.

We have made further links with the wider community and worked hard as a school community to raise funds for additional equipment to enhance the educational experience of all the children who attend Zelda School. School parents have been responsible for building 'Jack's House', a brilliant thatched playhouse which has provided the children with new opportunities for imaginative and creative play, as well as another covered space where children can work. We have supported staff to gain further qualifications and improve their practice, which is supporting our mission and enhancing the quality of our service.

Fundraising activities
Zelda School is fortunate to have a very active school community which organises many fundraising events throughout the course of each year. Fundraising efforts have focused on raising funds for additional resources for the school, with the added benefit that the events are enjoyed by all who attend. .

FINANCIAL REVIEW
Financial position
The school made an overall net surplus of £11,727 this year.

The principal sources of income were school fees of £87,394 (2023 £82,091) and Early Learning Scheme fees of £97,593 (2023 £86,592).

Total incoming resources were £23,784 higher than last year while total costs were £16,089 higher than last year.

Reserves policy
The trustees are seeking to build up the reserves to a level which could support the operations of the charity during any temporary reduction in local authority or private income.. The trustees are therefore working towards holding reserves of approximately six months core expenditure and the charity currently holds reserves equivalent to three months' planned expenditure.


Zelda School (Registered number: 06156711)

Report of the Trustees
for the Year Ended 31 August 2024

FUTURE PLANS
We continue to develop the Zelda School vision for the next five years. Part of this has been to clearly define our strategic focus, which is 'To develop and innovate outdoor and child-led learning and to impact mainstream education.' The primary way in which we achieve this is by running the school and constantly testing and innovating new methods of outdoor learning (inspired to a large extent by the children's ideas). We aim to run teacher-training courses at Zelda School, which are very well received by teachers from mainstream schools who wish to learn how to bring their teaching 'outside'.

Future plans include increased exposure for senior staff members at conferences and workshops around the country, which is important to keep them connected with the wider educational landscape,and also for raising the profile of what we do at Zelda School.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
Potential new trustees are invited to attend the next trustees' meeting and given an information pack in order for them to understand the role. Should they wish to be considered further they are invited to explain how and why they would like to be involved, and the existing board votes on whether to accept their application. If successful, background checks are carried out before being approved by Ofsted.

Organisational structure

Chairperson

Mrs Victoria Strugnell
Secretary Mrs Zelda Astley
TreasurerDr Russ Monhemius
Management of schoolMrs Zelda Astley & Miss Jackie Cockerill
Artistic directorMrs T Robertson
Fundraising directorMr Ashley Beevers

Wider network
This year we are again very grateful for all the support from Holifield Farm Project who have given us the use of the land on which we run Zelda School for a very low rent and have also allowed us to share their fabulous resources at Holifield Farm. This year has once again seen a focus on the core strengths of Zelda School, and a strengthening of the development plans for the future. We have additionally strengthened our links with local education providers by providing school based training sessions for staff, focussed on outdoor learning, and continued to share events where possible.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06156711 (England and Wales)

Registered Charity number
1140307


Zelda School (Registered number: 06156711)

Report of the Trustees
for the Year Ended 31 August 2024

Registered office
Trewince Farm
Manaccan
Helston
Cornwall
TR12 6JD

Trustees
Miss Z C Astley Teacher
Dr R Monhemius Trustee
Mrs T E Robertson Artist and Housewife
Mrs K J White Copywriter
Miss E Rembalski Customer services assistant (resigned 29.11.23)
Miss V E Strugnell Area SEN casework officer
A D Beevers (appointed 25.11.24)
Mrs H J Tamblyn (appointed 6.5.25)

Company Secretary
Miss Z C Astley

Independent Examiner
Natalie Coleman FCCA
Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 15 May 2025 and signed on its behalf by:





Dr R Monhemius - Trustee

Independent Examiner's Report to the Trustees of
Zelda School

Independent examiner's report to the trustees of Zelda School ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Natalie Coleman FCCA

Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

15 May 2025

Zelda School

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 August 2024

31.8.24 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 8,518 400 8,918 2,500

Charitable activities
Primary school 184,987 - 184,987 168,683
Training courses 70 - 70 -

Other trading activities 3 2,736 - 2,736 1,745
Investment income 4 6 - 6 5
Total 196,317 400 196,717 172,933

EXPENDITURE ON
Raising funds 854 - 854 361

Charitable activities 5
Primary school 175,039 400 175,439 158,660

Other 8,697 - 8,697 9,880
Total 184,590 400 184,990 168,901

NET INCOME 11,727 - 11,727 4,032


RECONCILIATION OF FUNDS
Total funds brought forward 37,635 2,500 40,135 36,103

TOTAL FUNDS CARRIED FORWARD 49,362 2,500 51,862 40,135

Zelda School (Registered number: 06156711)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 8,930 - 8,930 11,907

CURRENT ASSETS
Debtors 12 11,138 - 11,138 5,824
Cash at bank and in hand 61,566 2,500 64,066 42,810
72,704 2,500 75,204 48,634

CREDITORS
Amounts falling due within one year 13 (27,595 ) - (27,595 ) (11,729 )

NET CURRENT ASSETS 45,109 2,500 47,609 36,905

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,039

2,500

56,539

48,812

CREDITORS
Amounts falling due after more than one
year

14

(4,677

)

-

(4,677

)

(8,677

)

NET ASSETS 49,362 2,500 51,862 40,135
FUNDS 16
Unrestricted funds 49,362 37,635
Restricted funds 2,500 2,500
TOTAL FUNDS 51,862 40,135

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.



Zelda School (Registered number: 06156711)

Balance Sheet - continued
31 August 2024

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 15 May 2025 and were signed on its behalf by:





R Monhemius - Trustee

Zelda School

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. 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: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity is a private company limited by guarantee.

Management accounts are compared to termly projections of income and expenditure and reserves are maintained equivalent to three months' planned expenditure, of which staff salaries are the largest commitment.

The school's income has increased again this year, due both to an increase in Early Learning Scheme fees and school fees. In the opinion of the trustees the charity is a going concern.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs
Governance costs include the costs of preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

Allocation and apportionment of costs
Costs are allocated directly to the activity to which they relate. Where the costs incurred relate to more than one activity, they are apportioned on a basis consistent with the resource.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Yurt & Buildings - 25% on reducing balance
Equipment - 25% on reducing balance

Tangible assets are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Zelda School

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES - continued

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. DONATIONS AND LEGACIES
31.8.24 31.8.23
£    £   
Donations 400 2,500
Grants 8,518 -
8,918 2,500

Grants received, included in the above, are as follows:

31.8.24 31.8.23
£    £   
Best Practice Network 7,000 -
Other grants 1,518 -
8,518 -

Zelda School

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. OTHER TRADING ACTIVITIES
31.8.24 31.8.23
£    £   
Fundraising events 2,736 1,745

4. INVESTMENT INCOME
31.8.24 31.8.23
£    £   
Bank interest receivable 6 5

5. CHARITABLE ACTIVITIES COSTS
Direct
Costs
£   
Primary school 175,439

6. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Other resources expended 3,884 1,836 5,720

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.8.24 31.8.23
£    £   
Independent examiner's remuneration 984 948
Depreciation - owned assets 2,977 3,969

8. TRUSTEES' REMUNERATION AND BENEFITS
31.8.24 31.8.23
£    £   
Trustees' salaries 24,130 18,098
Trustees' pension contributions to money purchase schemes 429 266
24,559 18,364

The trustees' salaries shown above are as follows:
Zelda Astley Headteacher £20,167
Russ Monhemius Administrator £3,963

Pension contributions made on behalf of trustees are as follows:
Zelda Astley Headteacher £429


Zelda School

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. TRUSTEES' REMUNERATION AND BENEFITS - continued

These payments are made under the authority of the Memorandum
of Association.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.


9. STAFF COSTS
31.8.24 31.8.23
£    £   
Wages and salaries 140,464 125,955
Other pension costs 1,695 1,357
142,159 127,312

The average monthly number of employees during the year was as follows:

31.8.24 31.8.23
Teachers 4 4
Teaching assistants 2 3
Cook 1 -
Administrator 1 1
8 8

No employees received emoluments in excess of £60,000.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - 2,500 2,500

Charitable activities
Primary school 168,683 - 168,683

Other trading activities 1,745 - 1,745
Investment income 5 - 5
Total 170,433 2,500 172,933

EXPENDITURE ON
Raising funds 361 - 361


Zelda School

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
Charitable activities
Primary school 158,660 - 158,660

Other 9,880 - 9,880
Total 168,901 - 168,901

NET INCOME 1,532 2,500 4,032


RECONCILIATION OF FUNDS
Total funds brought forward 36,103 - 36,103

TOTAL FUNDS CARRIED
FORWARD

37,635

2,500

40,135

11. TANGIBLE FIXED ASSETS
Yurt & Furniture
Buildings & fixtures Equipment Totals
£    £    £    £   
COST
At 1 September 2023 and
31 August 2024

46,948

4,439

11,816

63,203

DEPRECIATION
At 1 September 2023 38,553 2,621 10,122 51,296
Charge for year 2,099 455 423 2,977
At 31 August 2024 40,652 3,076 10,545 54,273
NET BOOK VALUE
At 31 August 2024 6,296 1,363 1,271 8,930
At 31 August 2023 8,395 1,818 1,694 11,907


Zelda School

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 3,183 3,946
Prepayments and accrued income 7,955 1,878
11,138 5,824

Other debtors is made up as follows:

31.8.2431.8.23
£   £   
School fees 3,1833,946


13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 15) 4,000 4,000
Deferred income 22,263 2,501
Accrued expenses 1,332 5,228
27,595 11,729

Deferred income represents school fees and Early Learning Scheme fees received in the year before that to which they relate.

20242023
Balance brought forward2,501647
Released during the year-2,501-647
Received during the year22,2632,501
Balance carried forward22,2632,501


Zelda School

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 15) 4,677 8,677

15. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year on demand:
Bank loans 4,000 4,000
Amounts falling between one and two years:
Bank loans - 1-2 years 4,000 4,000
Amounts falling due between two and five years:
Bank loans - 2-5 years 677 4,677

During the year, the charity paid interest on its bank loan of £272 (2023 £381).

16. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 37,635 11,727 49,362

Restricted funds
Access Road 2,500 - 2,500

TOTAL FUNDS 40,135 11,727 51,862

Zelda School

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 196,317 (184,590 ) 11,727

Restricted funds
Cookery equipment 400 (400 ) -

TOTAL FUNDS 196,717 (184,990 ) 11,727


Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 36,103 1,532 37,635

Restricted funds
Access Road - 2,500 2,500

TOTAL FUNDS 36,103 4,032 40,135

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 170,433 (168,901 ) 1,532

Restricted funds
Access Road 2,500 - 2,500

TOTAL FUNDS 172,933 (168,901 ) 4,032

Zelda School

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.22 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 36,103 13,259 49,362

Restricted funds
Access Road - 2,500 2,500

TOTAL FUNDS 36,103 15,759 51,862

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 366,750 (353,491 ) 13,259

Restricted funds
Access Road 2,500 - 2,500
Cookery equipment 400 (400 ) -
2,900 (400 ) 2,500
TOTAL FUNDS 369,650 (353,891 ) 15,759

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.


Zelda School

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

18. RESTRICTED FUND

Access Road

£2,500 was raised last year as Zelda School's contribution for a new access road to the Holifield Farm Project site, and is currently being held for this purpose.

Cookery Equipment

£400 was received from the Cornish Pasty Association to spend on cookery equipment.