The Council Members present their annual report and financial statements for the year ended 31 July 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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).
Definition: “the Council of Trustees”, “Council Members”, “Trustees” or “trustees” when used in this report should be considered in the same context.
The charitable objectives of RSSKL as stated in its Memorandum of Association are:
To establish and carry on at Kings Langley a school where pupils, scholars and students may obtain on moderate terms a sound general education upon the principals inaugurated by Rudolf Steiner.
In pursuance of RSSKL's charitable objects, the Trustees remain committed to facilitating, in collaboration with Waldorf UK (formerly the Steiner Waldorf Schools Fellowship "SWSF") and the international Steiner Waldorf movement, the establishment at the earliest opportunity of a Steiner Waldorf school on the RSSKL site by a suitable operator.
The Trustees' vision and strategy for achieving this has been communicated to the RSSKL Association previously and is being implemented.
Charity Commission
The Trustees have been in regular dialogue with the Charity Commission to keep them updated on all aspects of the Charity's activities.
Changes in Management and Staffing
The following members of the Council of Trustees were active Council Members on 31 July 2025 and are still active today:
S Cook
S Henderson
A Marcuson
Robert Monk is employed by RSSKL as site manager. He works full time and lives on site.
Legal advice to the Charity has been provided by Russell Cooke LLP since the beginning of 2021. The Charity also obtains occasional legal, property, strategic and financial advice from experienced volunteers with relevant backgrounds.
Financial stability
A detailed strategic and financial plan was developed by the Trustees with suitable financial input in early 2021, which concluded that RSSKL's historic liabilities can be settled if properties owned by the Charity which are not critical to realising its objectives, are sold off. This included the residential units that have been occupied by teaching staff in the past in the Grade II* listed Priory complex (including the Old Priory itself).
The Priory complex has now been sold, and the Charity has used the proceeds to cover most of its pension deficit under the Mercury Provident Pension Scheme (see below), while also increasing medium-term financial reserves.
In the recent past, the Charity has relied on short-term rental contracts with film production companies to generate income and this met some of the operating expenses of running the site and hence, achieve its charitable objectives. To be able to continue with these activities, the Trustees are required to obtain temporary change of use planning permission. The Charity is in the process of re-applying for such, after our original application was refused. If our appeal is unsuccessful, this could affect the extent of rental activity which the Charity is able to perform from the site.
With effect from April 2025, private schools in England with charitable status lost their eligibility for business rates, affecting the Charity's financial position in a material way.
Activities in pursuance of RSSKL's charitable objects
The Charity has continued to be in close dialogue with Waldorf UK to develop strategic plans for how the RSSKL site with its remaining assets, once the Charity's pension deficit has been satisfied (see below), can provide a basis for a new Steiner Waldorf school to be established by a suitable operator, in line with the Charity's objectives. Waldorf UK has set up a new Land Trust to hold and steward the Charity's land assets in future.
The Charity also continues to offer its properties for use by the Steiner community and for local community activities that could assist a new Steiner Waldorf school being successfully established in the future. The Kings Langley Biodynamic Allotments group (which utilises and popularises Rudolf Steiner's methodology of biodynamic agriculture) remains a very active voluntary setting on the site. In addition, there were numerous local groups and activities linked to, or supportive of, the Steiner community which continued to operate on the site, including:
Anthroposophical study group
Another Advent Fair for the RSSKL community organised by the St Albans Steiner Kindergarten
Steiner/Waldorf Parent and Child group
Seasonal apple picking with the community
Bio-dynamic allotments with seasonal community activities
Lumina Choir rehearsals
Cricket practice sessions
Football classes
Boot camp sessions
Kings Langley Community choir practice
A local artist rents the art room
Pilates and dance classes in the dance studio
Children's Theatre Company storage facility
An early years group rents the Kindergarten
Storage space for the Local History Society
Repair Shed initiative by Community Action Dacorum
Property Transactions
Completing the sale of the Priory complex has been a high priority for the Trustees in this financial year. The contracts for sale were finally exchanged in May 2025, while the sale itself completed in July 2025. The buyer is a reputable property developer with relevant expertise given the listed status of the building. The sale also included a long-term lease of a dedicated parking area.
Concurrent to the sale, the Trustees finalised contractual arrangements with the Christian Community regarding among others, the access road, the use of the parking area and the neighbouring parcel of land, without which the sale of the Priory complex would not have been possible.
The Trustees had to terminate the rental contracts of the tenants of the Priory complex, to achieve vacant possession as a precondition for the sale. The last tenant moved out in April 2025. As a result, RSSKL will no longer obtain rental income from the residential units in the Priory complex. At the same time, RSSKL is no longer liable for the upkeep of the Priory complex, which, given its listed status, has been considered a potentially significant long-term liability for the Charity. Relevant reports by advisers have confirmed to the Trustees that the terms of the sale, or specific aspects thereof, were the best achievable in the market at that time, and in the interest of the Charity to pursue.
The terms of the sale were originally agreed with the buyer and the Christian Community in October 2023. It took an unusually long time to completion, given the complexity of the contractual arrangements. The Trustees are grateful to all parties involved for their patience and understanding while all required aspects of these arrangements were put in place.
With the sale of the Priory complex, the only remaining residential accommodation on the RSSKL site is the site manager’s bungalow. All remaining buildings owned by the Charity are now for educational or administrative use.
Mercury Provident Pension Fund
The RSSKL school's historic pension fund, like many other defined benefit schemes in the UK, was running at a deficit. The deficit was the result of a combination of factors, including contributions being underpaid in past years, the costs of running the fund being capitalised, the Charity being part of a group scheme (which means that if any company in the group defaults, other scheme employers have to pick up the deficit) and scheme participants living longer with investment returns not covering the forecast requirements.
The Charity entered into an agreement with the Pension Trustee in 2009 to make monthly catch-up payments towards eliminating this deficit, and has done so since. Monthly contributions to the scheme are currently payable at approximately £10,000. These catch-up payments are reviewed every two years and adjusted accordingly.
Since adopting its strategic and financial plan in 2021 the Trustees have worked towards a buy-out of the historic pension obligations, thereby offloading any potential future pension liabilities to a third party. The rationale for this has been that the pension obligations relate to the time that RSSKL operated the school on the site, which has since closed. The closure was motivated by, among other things, the commitment to fulfil the Charity’s objects by making the site available to a new future Waldorf school initiative run by a suitable operator. The 2021 strategic plan was adopted on the premise that RSSKL can only facilitate such initiative if assets can be made available to it free of all financial liabilities including any historic or contingent pension obligations.
For the buy-out of pension obligations to be feasible, the funding deficit has to be fully covered. This approach has been based on an estimate of the deficit of RSSKL’s section conducted for 31 March 2025 and released in May 2025. It amounted to £834k on a buy-out basis. The Trustees received a recommendation to cover approximately 90% of this deficit, which they followed upon the sale of the Priory complex, in July 2025. The latest advice provided by the actuaries indicate that the pension is now in a surplus position with the pension asset of £215k recognised in the balance sheet.
The Trustees have also agreed to change the investment strategy for the pension assets now that it is in surplus position, to minimise further exposure to volatile financial markets.
The Trustees are now working closely with the Trustees of the MPPS on progressing the actual buy-out of RSSKL’s section.
The proceeds of the sale of Coombe House have been applied by the Trustees to:
i) Cover the current deficit of RSSKL’s section of the MPPS by approximately 90% and create a reserve in the balance sheet for any potential remaining deficit;
ii) Fund the Charity’s activities in pursuance of its charitable objects, including to continue to evaluate options for the future of the site consistent with and in furtherance of the Charity’s objects, carry out the buy-out of the Charity’s pension obligations and in the meantime, develop alternative sources of income from the remaining site.
As the charity is no longer considered a going concern and intends to transfer its assets to another charity, the trustees consider that reserves are required only to meet the costs of managing the charity through its wind‑down period and to settle all remaining obligations.
For the purposes of this policy, free reserves are defined as unrestricted funds excluding tangible fixed assets, the pension provision, designated funds, and any amounts not readily realisable. Restricted funds are not included in free reserves as their use is subject to external constraints.
At the year‑end, the charity held £693,552 in free reserves (2024: £111,999). The trustees consider this level appropriate to meet remaining wind‑down costs and to ensure the charity can settle all obligations in full.
The trustees review the reserves position regularly alongside the cash‑flow forecast and risk assessment and will adjust designations or planned expenditure as necessary to maintain adequate but not excessive reserves during the remaining life of the charity.
The Charity is constituted as a company limited by guarantee. It is governed by a Memorandum and Articles of Association.
The company's Articles of Association require that an AGM be held once a year. The Association’s AGM for the period ended 31 July 2025 was a hybrid one, held in the Theatre at the former school and online on 9th July 2025. It was attended by 12 members. The association had 28 members as of 31 July 2025.
Council Members:
In accordance with the company's articles, a resolution proposing that TC Group be reappointed as auditor of the company will be put at a General Meeting.
The Council Members' report was approved by the Board of Council Members.
The Council Members, who are also the directors of RSSKL Ltd for the purpose of company law, are responsible for preparing the Council Members' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Council Members to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Council Members are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Council Members are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Opinion
We have audited the financial statements of RSSKL Ltd (the ‘charity’) for the year ended 31 July 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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 described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Council Members 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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the Council Members' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
the directors' report included within the Council Members' report has been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Council Members' report.
We have nothing to report in respect of the following matters in relation to which the 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
we have not received all the information and explanations we require for our audit; or
the Council Members 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 Council Members' report and from the requirement to prepare a strategic report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.
Our approach was as follows:
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations;
We identified the following areas as those most likely to have such an effect: General Data Protection Regulation (GDPR); fraud and bribery and corruption. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if any.
We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Charities Act 2011) and the relevant tax compliance regulations in the UK;
We considered the nature of the company’s operations, the control environment and business performance, including the key drivers for management’s remuneration;
We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit;
We considered the procedures and controls that the group has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
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 auditor's 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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
RSSKL Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Langley Hill, Kings Langley, Hertfordshire, WD4 9HG.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The Council Members intend to strike off the charity. The Council Members do not therefore consider the charity to be a going concern as the tangible assets will be donated to an existing charity. These financial statements have therefore been prepared on a basis other than going concern. Assets have been reviewed for impairment and the fixed assets remain held within non-current assets due to the intention to transfer these after the balance sheet date with their fair value considered to be higher than their net book value at the balance sheet date.
Unrestricted funds are available for use at the discretion of the Council Members in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Fundraising income is shown gross with the associated costs included in costs of fundraising.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them, including allocated governance costs.
Governance costs includes those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on estimated usage as a proportion of directly attributable expenditure.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Items of a capital nature with a useful economic life in excess if 12 months and costing over £500 are capitalised.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
The charity belongs to the Mercury Provident Pension Scheme which is a defined benefit scheme. This is a collective scheme for a number of employers.
The pension costs charged in the financial statements represent the contributions payable by the charity during the year. The Mercury Provident Pension Scheme is now closed and with effect from 1 January 2009 existing members at that date were given the opportunity to transfer to a defined contribution scheme administered by The Pension Trust Company.
It is not possible to identify the charity's share of the net assets and liabilities of the defined benefit pension scheme. The provision of the liability is recognised on the basis of the estimate of the debt due at that time provided by the scheme's actuary, with the net movement on the provision recognised in income/(expenditure) for the year.
Value added tax
VAT is not recoverable by the charity and as such is included in the relevant costs in the Statement of Financial Activities.
In the application of the charity’s accounting policies, the Council Members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The charity exercises judgement to determine useful lives and residual values of intangibles, property, plant and equipment and investment property. The assets are depreciated down to their residual values over their estimated useful lives.
The charity reviews each individual debt at the year end and forms a judgement as to the likelihood of recovery at that date. Where, in the opinion of the charity, there is sufficient uncertainty as to recovery an appropriate provision is made against the debt.
The charity reviews at each reporting date the estimate of debt due on ceasing participation with the multi-employer defined benefit pension scheme. The scheme actuary provides to management an estimate of the Section 75 debt that would be payable on ceasing participation, without segregating. This estimate reflects the current membership of the scheme and the market conditions at the time of valuation.
Classroom accounts, trips and plays
Rent and rates
Insurance
Light and heat
Cleaning
Printing, stationery and advertising
Subscriptions, telephone and computer
Sundry expenses
None of the Council Members (or any persons connected with them) received any remuneration or benefits from the charity during the year. No expenses were reimbursed to the Council Members during the year (2024 - None)
The key management personnel for the year were the Council Members and their remuneration was £nil.
The average monthly number of employees during the year was:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
Fixed assets remain held within non-current assets due to the intention to transfer these after the balance sheet date with their fair value considered to be higher than their net book value at the balance sheet date.
The investment represents 135 Depository Receipts of Triodos Bank BV. They had a market value of €34.00 at 31 July 2025 translated at a rate of 0.8637.
The provision made in the accounts represents the amount which will fall due at the point that the charity ceases participating in the scheme. Since 2021, the Trustees have worked towards a buy-out of the historic pension obligations. At the balance sheet date, the pension scheme is in a surplus position due largely to an additional one-off payment of £750,000 during the year.
Rudolf Steiner School Kings Langley Limited makes contributions to a defined contribution stakeholder scheme. The charge to the Statement of Financial Activities in respect of defined contribution schemes was £449 (2024 - £1,360).
The charity and other employers participate in the Mercury Provident Pension Scheme, that provides benefits on the basis of final pensionable pay for participants. The assets of the scheme are held separately from those of the charity and invested by a pension fund management company.
Contributions continue to be made each month to ensure that the liability does not increase. Total contributions for the year were £856,764 (2024 - £110,973) in addition to the pension levy of £1,147 (2024 - £1,817).
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
Restricted funds:
Bursary fund - to assist with children’s education in extraordinary circumstances
Classroom funds - are donations made by parents for use by the class
K L Concert fund - organisation of concerts
Hockey Club - donations made by parents towards the club’s activities
Teacher wish list - donations towards teacher’s wish list
Music department legacy - donation made by an individual towards the department's activities
The Council Members have undertaken a review of restricted funds. Transfers from unrestricted to restricted funds have been processed to eliminate any shortfall in such funds. As the charity is currently not operational, the Council Members intend to transfer these funds to a new entity which will re-commence activities and therefore spend these funds on their intended purposes.
Unrestricted funds
Unrestricted funds
There were no disclosable related party transactions during the year (2024 - none).
The charity had no material debt during the year.