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REGISTERED COMPANY NUMBER: 03298576 (England and Wales)
REGISTERED CHARITY NUMBER: 1063133












Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Winterfold House School Trust Limited

Winterfold House School Trust Limited






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




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9

Winterfold House School Trust Limited (Registered number: 03298576)

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).

ACHIEVEMENT AND PERFORMANCE
Objectives and charitable activities
On 1 September 2016 the charitable company transferred all of its assets, liabilities and commitments to Bromsgrove School (charity number 1098740), with the exception cash deposits which will be held in accordance with its charitable objectives and in furtherance of the plans for the future and to service legacy liabilities as they may arise.

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit

FINANCIAL REVIEW
Reserves policy
At 31 August 2024, the charitable company had unrestricted reserves of £36,450 (last year £43,350). Having taken advice, the trustees consider that sufficient reserves are available, post merger, to service any liabilities as and when they may arise.

FUTURE PLANS
Following the merger of the Charity's School Activities with those of Bromsgrove School, the Trustees will be overseeing the settlement of historic legal claims utilising the funds that were retained for this purpose.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Company is governed by its Memorandum and Articles of Association dating from 1997.

Risk management
The Trustees are responsible for the management of the risks faced by the charity. The Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03298576 (England and Wales)

Registered Charity number
1063133

Registered office
Winterfold House
Chaddesley Corbett
Kidderminster
Worcestershire
DY10 4PL

Trustees
Mrs M E Chapman M.A. (resigned 14.2.25)
J Eaton FCA (resigned 9.1.25)
Mrs C L Dieppe (appointed 5.2.25)
Mrs B S Needham (appointed 9.1.25)

Following the merger on 1 September 2017, the remaining trustees oversee the day to day affairs of the charitable company.


Winterfold House School Trust Limited (Registered number: 03298576)

Report of the Trustees
for the Year Ended 31 August 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Locke Williams Associates LLP
Chartered Accountants
Studio 2
50-54 St Pauls Square
Birmingham
West Midlands
B3 1QS

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 29 May 2025 and signed on its behalf by:





Mrs B S Needham - Trustee

Independent Examiner's Report to the Trustees of
Winterfold House School Trust Limited

Independent examiner's report to the trustees of Winterfold House School Trust Limited ('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.








David Williams FCA FCCA

Locke Williams Associates LLP
Chartered Accountants
Studio 2
50-54 St Pauls Square
Birmingham
West Midlands
B3 1QS

29 May 2025

Winterfold House School Trust Limited

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

Other income - - - 49,920

EXPENDITURE ON
Charitable activities
Legacy liabilities 6,900 - 6,900 7,084

NET INCOME/(EXPENDITURE) (6,900 ) - (6,900 ) 42,836


RECONCILIATION OF FUNDS
Total funds brought forward 43,350 - 43,350 514

TOTAL FUNDS CARRIED FORWARD 36,450 - 36,450 43,350

Winterfold House School Trust Limited (Registered number: 03298576)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
CURRENT ASSETS
Debtors 4 36,336 - 36,336 -
Cash at bank 1,014 - 1,014 91,513
37,350 - 37,350 91,513

CREDITORS
Amounts falling due within one year 5 (900 ) - (900 ) (48,163 )

NET CURRENT ASSETS 36,450 - 36,450 43,350

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,450

-

36,450

43,350

NET ASSETS 36,450 - 36,450 43,350
FUNDS 6
Unrestricted funds 36,450 43,350
TOTAL FUNDS 36,450 43,350

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.


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 29 May 2025 and were signed on its behalf by:





B S Needham - Trustee

Winterfold House School Trust Limited

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.

Going concern
Having taken advice, sufficient reserves have been retained post transfer to service any legacy liabilities as and when they may arise.

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.

Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

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.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

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



Winterfold House School Trust Limited

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

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM

Other income 49,920 - 49,920

EXPENDITURE ON
Charitable activities
Legacy liabilities 7,084 - 7,084

NET INCOME 42,836 - 42,836


RECONCILIATION OF FUNDS
Total funds brought forward 514 - 514

TOTAL FUNDS CARRIED FORWARD 43,350 - 43,350

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 36,336 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors - 47,263
Accruals and deferred income 900 900
900 48,163

6. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 43,350 (6,900 ) 36,450

TOTAL FUNDS 43,350 (6,900 ) 36,450

Winterfold House School Trust Limited

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

6. 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 - (6,900 ) (6,900 )

TOTAL FUNDS - (6,900 ) (6,900 )


Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 514 42,836 43,350

TOTAL FUNDS 514 42,836 43,350

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 49,920 (7,084 ) 42,836

TOTAL FUNDS 49,920 (7,084 ) 42,836

7. CONTINGENT LIABILITIES

The School is still dealing with legal cost in respect of claims made by its former pupils.

On the basis of the information received to date, any estimates of liability could only be very provisional and speculative. Therefore we are unable to make any reasonable quantification as to the extent of any liability.

The trustees consider that providing any further information in this regard would be expected to seriously prejudice the position of the charitable company in respect of the claims.


Winterfold House School Trust Limited

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

8. RELATED PARTY DISCLOSURES

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