PEASLAKE SCHOOLS TRUST Registered Charity No. 1034412 clo WINTERFOLD COTTAGE wtNTERFOLD HEATH ALBURY HEATH SURREY GU5 9EL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 311t AUGUST 2025 Index Pages 24 Annual Report Page 5 Independent Examiner's Report Page 6 tncome & Expenditure Account Pagc 7 Balance Sheet Pages 8-11 Notes to the Financial Statements Pagelofll TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31" AUGUST 2025 1.0 Reference aDd Administrative Informatlon Name . Peaslake Schools Trust Reglstered Charlty 1034412 IJ Reglstered Address.. Winterfold Cottage Winterfold Heath Albury Heath Surrey GU5 9EL Names of the Trnstees Trustees of the Chari durin the earto 31°Au 5t 2025 Chaimian.. Secretary.. Treasurer.. Mark Foster Andy Clayton David Newman Trnstees: James Cobb Moira Jones Jevon Birchall Samantha Pride Ernily Riley Tom Southee Sarah Small Janette Weller Sara Dangerfield Kelly Mcmorrow Rhy5 Thomas Flora White Co-o ted Trustees (sitting on the Executive Committee) Sara and Janette were made Trustees in March 2021 th¢re are no COvOPted trustees. Page2ofll TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 315¢ AUGUST 2025 2.0 Structure Governance and Management 2.1 Nature of the Governing Document The goveming document is a constitution for the charity which was drawn up in 1993 when the tn￿l originated. The Peaslake Schools Trust consists of a body of trustees who meet at least once each school half terni. A series of subcommittees are also in operation each with specific responsibilities. The sub-committees are as follows.. Finance, Audit and Op¢rations Education Policy and Curriculum Marketing, Parental and Community Liaison Performance Management 2.2 Recrultment Vdnd Appolntment of Truste Trngle¢s are sought and recruited from two main sources, firstly the wider community within which the school operates and secondly par¢nt tNst¢es drawn from par¢nts of childr¢n who are currently at the school. The constitution details that there should be a sufficient balance of external Érnstees and this principle is strictly adhered to. Potential tNstees are vetted by the Chairman before being approved by the Executive Committee and ratified at the next AGM. Trnslees may operate in a co-opted, non-voling forni until they are fornially adopted at an AGM. 3.0 Objectfives and Activities The objectives of the charity are as follows: Providin8 a home for nursery and early-years learnin8 in the midst of our community Support to the Peaslake Free School A secure and enjoyable transition from nwsery to infant school for local children An oulslanding preparation for the next slag¢ of ¢ducation A sustaining part of the life of Peaslak¢ and th¢ surrounding villages The main activiti¢s are as follows.. Provision of nursery facilities for children over two and a balf. Ownership of premises which are used for both the nursery and the Peaslake Free School. 4.0 Achievements and Performance 4.1 The main achi¢v¢m¢nts for the year end 31. August 2025 is: 30th year of operation of the Trust. Peaslake Free School opened in September 2013. the main sch(K)l is substantially funded by the LEA, the Trust made a £IOk contribution to the Free School in this operating year. Th¢r¢ are currently 20 children in th¢ nurs¢ry. The nursery head appointed in the prior year continued to make key improvements to both the learning and facilities Wlthin the nurseiy and this ha5 resulted in an increase in the number of cliildren allendino the nursery. The nlirsery team are constantly revising tlieir practice and trialling diffcrent Ivilys to cover all arcas of l¢aming in the Foundation Stage. Tl)¢re was an Ofsted inspection during the year and the nursey was raled as Good across all categories. 7 chiLdren moved up to th¢ Free School. Page3ofll TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31st AUC:UST 2025 conL They have enhanc¢d their continuous provision, offering the children an environment that is safe for them to explore, whilst challenging their learning and allowing them the freedom to becom¢ more independ¢nl. This was another good y¢hr for Fundraising. £21.9k was raised thanks to the support of the school parents, the local community and the tremendous efforts of the fundraising kam. The push to encourage local parents to use the nursery has again continued this year with numbers incrcasing" baving a full nurs¢ry is strategically important for th¢ Free School as many nursery parents choose to send their childr¢n to the Free School. The building of the new nurs¢ry facilities which started in the summer of 2017 was completed in January 2018. The staff and children are enjoying th¢ new facilities and outdoor space. There was further investment in improving the outdoor environment in this financial year. 5.0 Flnancial Revlew Tncome incre&s¢d by £31.7k in year to £163.8k. The early years ￿ndIng increased by £36.0k, reflecting the incrcased number of sessions being taken up in the nursery. It w&s another success￿1 year for Fundraising, income and £21.9k was raised in the year. A capital Grant of £45k was r¢ceived for the new Nursery Hub which was completed in September 2025. The total costs are not in the accounts bul expected costs are £67k with £56.7k being capitalised.in the 2025126 academic year. htrTrnstThade"a-losrofr£23. ¢ pnor year. Nursery operational costs excluding depreciation, donations to the Free School and Ihc Nursery Hub costs were £36.1 k higher than the prior year. This Inc￿aSe was driven by higher staff costs to support the increased numbers of nuTS¢ry children. If depreciation is excluded the Trust made a profit of £14.Ok in year. £8k higher than the prior year. The Tn￿t continues to have an extremely healthy cash balance of £151.2k, an increase of £9.3k from the prior year. Mark Foster Chairman of Trustees Page4ofll JNDF.PENDENT F.X_A_M_INF.R*S REPORT TO THE TRUSTEES OF THE PEASLAKE SCHOOLS TRUST I report on the accounts of the Tn￿t for the year ended 31. August 2025, which are set out on the following pages. Respective responsibilities of The Trustees and the Examiner As the charity trustees, you are responsible for the preparation of the accounts. you considw that the audit requirement of section 43(2) of the Charities Act 1993 (th¢ Act) does not apply. It is my responsibility to state, on the basis of the procedures specified in the Generdl Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention. Basls of Independent Examlner's report My examination was carried out in accordanc¢ with the General Direclions given by the Charity Commissioners. An examination includes a rcvi¢w of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual iterns or disclosures in the accounts, and seeking explanations from you as tsustees concerning any such matters. The procedures undertaken do not provide all the evidenc¢ that would be required in an audit, and conscquently I do noi express an audit opinion on th¢ view given by the accounts. Independent Exlmlner's Statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that in any material respcct the requirements to keep accounting records in ac¢ordance with section 41 of the Act and to pr¢pare accounts which accord with the accounting records and to comply with the accounting requtrements of the Act have not been m¢t' or to which, in my opinion, attention should be drawm in order to enable a proper understanding of the account to be reached. Heidi Di¢kinson CtMA (Management Accountant) 7 Langley Close Church Crookham Hampshire GU52 6PX Date.. 25/061ZG Pag¢5of11 THE PEASLAKE SCHOOLS TRUST Stered Cbari 1034412 INCOME AND EXPE1￿IT[JRK ACCOUNT FOR THE YEAR ENDED 31st AUGUST 2025 Income Note 2025 2024 Covenants and Pledged Donations Donations Fundraising Initiatives Foundation Stage Income Loan Fund Int¢r¢st 150 Club Bank tnterest R¢c¢ived Miscellaneous 33,178 18,769 21,935 106.141 24,304 86,288 2,063 2,337 460 332 Total Net Ineome 163,784 132,036 Expendltsre Salaries Sports Activities Consumables Educalional Spendinw Trips Establishment Maintenance Other Charitabl¢ Disbursements Depreclation Nursery Hub 117,651 85,496 1,926 2,199 11,498 3,950 2,821 10,150 34,337 3,152 1.925 2,515 9,656 376 4,022 22,000 34,658 Total E￿endItUre 187,684 160,648 Net Surplus l (Deflclt )for the Year (23,900) (28,612) Page6of11 PEASLAKE SCHOOLS TRUST istered Charl 1034412 BALANCE SHEET 311( AUGUST 2025 Note 2025 2024 Flxed Assets Freehold propety Furniture and Equipment Assets in Const￿ctIon (AICC) 504,274 3,544 538.264 3,891 551,717 542,155 Current A8yets Debtors & prepayments Cash at bank & in h￿d 7,945 151,237 3,562 141,856 159,182 145,418 Current Llabilities Creditors & accrued expenses Deferred Income (Grant) (3,207) (44,969) (950) (48,176) (950) Net Current Asset&l (Llabllltles) Long Terni LlabllAtle8 111,006 144,468 Total Net Assets l (Llabllldes) £662 723 £686 623 Represented By: Caipltvdl Reserves 430,999 454,899 Freehold Property Reserve 213,857 213,857 PPE Reserve 17,867 17,867 £662 723 £686 623 These financial statements werc approved by the Trnslees on Dale Chairnian of Trublces TreasLlI-cr Page7ofll PEASLAKE SCHOOLS TRUST istered Chari 1034412 NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGUST 2025 ACCOUNTING POLICJES For the year ended 31 August 2025 the Trust accounts have been prepared on an accnM] basis, as an income and expenditure account and balance sheet. Accountlng C&nventlon The financial stat¢m¢nts have been prepared under th¢ historical Cost ¢onv¢ntion and in accordance WAth applicable accounting standards. Depreclqdon Depreciation is charged on the following bas¢s to reduce the cost of the Trust's tangible fixed assets to their net realisable values over th¢ir ¢stimated useful lives at th¢ following rate:. Buildings Furniture and equipment 20 years strai hi line ine Stock Stock is valued at the lower of cost and net realisable value. Reserves The reserves are held to ensure sustainability of operation if there is a shortfall in fimding over expenditure in any giv¢n year. Page8ofll PEASLAKE SCHOOLS TRUST istered Chari 1034412 NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31" AU T 202> ONTINUE FIXED ASSETS Freehold Furniture & Property Equipment AICC Total Cost At 1.9.24 Additions DisposalslTransfers 845,018 35,556 880,574 43.899 43,899 At 31.8.25 845,018 35,556 924,473 Depreclatlon At 1.9.24 Charge for year 306,754 33,660 31,665 677 338,419 34.377 At 31.8.25 340,414 32,342 372,756 Wrltten Down Value At 31.8.25 504,604 3.214 551,717 At 31.8.24 538,264 3,891 542,155 Page9of 11 PEASLAKE SCHOOLS TRUST 1Stered Chari 1034412 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315t AUGUST 2025- CONTU¥UED 3. FUND1141SING INITIATIVES 2025 2024 Peaslake Fair Christmas Concert Cluistmas Fair l Events Halloween Hike OFKn Gardens Albury Produce Fair Everest Base Camp Easter Event Teddy Bears Picnic Quiz / Cinema Night Summer trail & Raffle Other 4,032 2,213 1,963 860 4,130 845 4,816 3,486 2,561 1,216 5,331 322 1,480 1,029 2,918 954 4,415 640 1,000 145 1.883 Net Surplus 21,935 24,304 4.FOUNDATION STAGE TNCOME 2025 2024 SCC Grant funding (3 to 5 years) 90,065 Charges made to parents 16,076 54.088 32,200 Net Surplus £106,141 £86,288 5. LOAN FUND INTEREST The loan fund was deposited with the Charities Aid Foundation. Ownership of the capitsl sum remained with the benefactor, bul Peaslake Schools Trust received an income from the fund equivalent to the interest earned on the moneys deposited. Bencfactors were able lo withdrdw th¢ capital, without penalty, at short notice. The loan fund was closed during previous financial years as the interest paid was too low to make this viabl¢. 6. DEBTORS AND PREPAYMENTS The debtors balance is made up of £6.Ok for. tax back from donations and £2.Ok of receipts from events held tn May and August.. Pageloofll PEASLAKE SCHOOLS TRUST istered ChAritv 1034412 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" AUGUST 202& CONTINUED 7. CREDrroRS The creditor balance rcpresents ac¢n￿8 for pensions costs fundraising and audit costs. 8. CAPITAL RESERVES 2025 2024 Balance at 1st September 2024 Surplus (Deficit) for the year 454.899 (23,900) 483,511 {28,612) Balance at 31" August 2025 430,999 454,899 9. PROPERTY PLANT & EQUIPMENT RESERVE This represents the cash raised for the new windows and the boiler as these have been partly funded through donations. Pagellofll