REGISTERED CHARITY NUMBER: 1042857 Re ort of the Trustees and Unaudhted Financial Statemellts for the Year Ended 31 Au 115t 2025 for THE FILMER TRUST Cox & Co. (Accountancvl Limired Chartered Accounianis The Granary High Streei Turvey Bedford Bedfordshire MK43 8DB
THE FILMER TRUST Content¥ olthe Flnancial S nts FOR THE YEAR ENDED 31 ALIGUST 2025 Pag¢ Report of the Trustees Independent Examiner's Report Statement of Financial Activitie5 Balance Sheet Notes to ihe Financial St8terneNt5 7 to 13 Detailed Statement of Financial Activities 14
THE FILMER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reportrng by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. What We Do We support King's House School, its pupils and parents by working alone or in partnership with others to support education, training, accommodation, bursaries and scholarships. We do so by seeking grants and donats'ons from third parties, and by seeking to raise funds through organised events and initiatives. Administrative Details Charity name.. The Filmer Trust Registered charity number.. 1042857 Principal address.. 33 High Street, Luton, LU4 9JY Strurture and Governance Trustees: Name Date of appointment Term Appointment ended Suhalia Liaquat Caroline Beach David Flere Shabnum Hussain 01107/24 31108123 1/9120 06102125 Term I Term I Term 2 Term I March 2026 Strurture: The charity is controlled by it5 governing document, a Deed of Trust dated 3/10/94, as amended by deed dated 20/10111, and constituted as an unincorporated trust. New Trustees are selected with consideration of their skills, knowledge and experiences, and are appointed by resolution passed by the existing trustees. Trustees must read and understand all organisational polities, which reflect statutory and legal requirements and good practice procedures.
Future Plans We have plans to.. To continue its phBsed upgrade and renew plan for our property and buildings. To expand and extend the main building. To step up our initiatives to attract further donations in support of these plans. Strengthen our relationship with other educational institutions. Financial review Reserves Our reserves limit is currently f 5,000. We aim to only have an amount of reserves that is proportionate to what is required to continue our existing operations for up to 12 months, and to respond to any urgent operatr.onal needs that may arise due to unexpected h'nancial implications. Our reserves limit will be adjusted accordingly a5 our work progresses, and this will be reflected in our Reserves Policy. Income from any sources are principally used to further our charitable purposes and benefit those we work with. Grants and Donations We are extremely grateful to those, the majority of whom have had a past associations with the school, for making donations during the coijrse of the year. We have begun work on assembling a dlgital database to enable us to better communicate with this constituency and plan to launch a donation campaign in due course based around our Capital Development Fund. We also continue to receive grants in respect to EYFS provision from Luton Borough Council. Achievements and performance in the year Our main objethves for 202412025 and how we performed against them Our broad objectives for each year are governed by our Strategit Plan and so change little from year to year over the period of the plan. Objectives and measures of success and progress against it are reported annually to the Trustees. The following key objectives were identified for the year.. To consider the needs of the propety and to liaise with the local planning authority and the diocese of St Alban5 in terms of future plans. To continue with a programme of necessary repairs and upgrades that need to be made to our capital assets over the period 2024-2026. To identify development5 and governmental proposals in the area Early Years education policy that might impact on the Trust's input and support.
Strategic Priorities for 2024 ONWARDS Our Commitment to Safeguarding The Trust has safeguarding responsibilities in the areas in which we work. The safeguarding policy and code of conduct are supported by a range of policies and procedures to reduce the risk of harm to beneficiaries. supporters, pupils, staff and volunteers. We encourage individuals to report concerns and we recogni5e that there are many barriers to vulnerable people reporting abuse and we are committed to improving reporting mechanisms. If and when concerns are raised we study the circumstances with a view to understanding the causes and how we can take steps to prevent similar occurrences. Staff can report any type of harassment through a number of reporting mechanisms including a new independent whistleblowing hotline service. Diversity and incluslon The Trust Is committed to the promotion of equal opportunities, valuing and encouraging diversity and the creation of an inclusive working environment for all employees and volunteer5 associated with the Trust. It opposes all forms of unlawful discrimination, including discrimination on the basis of age, sex, marriage and civil partnership. gender, race, disability, sexual orientation, religion or belief, pregnancy and maternity (the nine Protected Characteristics deftned in the Equality Act 20101. Ensuring that the work environment is free of harassment and bullying and that everyone is treated with dignity and respect is an important aspect of delivering equal opportunities in employment. Risk Management Our Trustees. assisted by the senior managers in the Trust,.and consultants regularly review our activities with regard to any major risks that might arise and are identi)led from time to time. These will be particularly reviewed against the legislative, demographic and educational trends foretast for the period 2024-2030. Approved by order of the board of Trustees on 26 June 2026 and signed on its behalf by.. D Flere- Trustee PKy8
Inde endent Examinerf8 Re The Fllmer Tru to the TJuslee6 01 Independent examiner's report lo the trugtees of Th¢ Filmer Trust I report to ihe ¢hariry Inistees on my examination of the accounts of The Filmer Trnst (the Trust) for the year ended 31 August 2025. Responsibilities and basis of r¢poTt As ihe chariry Irusrees of the Trust you are responsible for ihe preparation of the account5 in accordance with the requirements of the Charities Act 2011 I'the Act,). I report in respecr of my examinaiion of the Trnst'5 accounts carried out under Seciion 145 of th¢ Act and in carrying out my ¢xaminaiion I have folloi¥ed all applicable Directions given by (he Charity Commission under S¢ction 145(51(b} of the Acr. Independent examiner's st8temtnt Since vour chariry'5 gjross income exceeded £250,000 your examiner musi be a meTnber of a listed body. I can confirni thai l am qualified to undertak¢ the examination because l am a member of the Institute of Chartered A¢¢ountants in EntsFland and Wales. which is one ol. the lisied b¢)di¢s. I have completed my examination. I confirm that no mateTial matters have come to my attention in connection with the examinatioji givinbj me Cause to believe thai in any mat¢rial Spect.. accountLll8 records were not kept in respe¢t of the TrJst as required by Section 130 of the Aci; or the aecounis do noi accord with those records., or Ihe account5 do not Colnpl with the applicable requiremenis concerning the fomi and content of accounts set out in ihe Chariiies IA¢¢ollnts and Reports) Regulations 2008 other than any r¢quirement that the accounts give a true and fair view which is not a matter tonsidered as part of an independent examination. I have no ¢on¢erns and have come across no other matters in connection with ihe examination to which attention should be drawn in this report in order to enable a proper undersianding of ihe accounts to be reached. David A Cox BA FCCA FCA Th¢ ITtstitute of Chartered Aceountants in England and Wales Cox & Co. (Accouniancyl Limited Chanered Accountants The Granary High Street Turvey Bedtord Bedford5hire MK43 8DB 26 June 2026 Page4
THE FILMER TRUST Statement of Financlal Activitie FOR THE YEAR ENDED 31 AUGUST 202 2025 2024 Tota funds UnlI1cted fund Restrict funds Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 134.034 134,034 92,230 Charitable a¢tivities Nursery grants 125.888 125.888 178,178 Other trading activities 21,840 21.840 45.35S Total 155 874 125,888 281.762 315,763 EXPENDITURE ON Charitable activities Nursery grants 29.938 158.356 188,294 202.914 Other 122,135 122.135 108.179 Total 152,073 158,356 310,429 311093 NET INCOMEI{EXPENDITUR£) 3,801 132,468) (28,667) 4,670 RECONCILIATION OF FUNDS Total I'unds brought forward 828,827 391,650 1,220.477 1215.807 TOTAL FUNDS CARRIED FORWARD 832.628 359 182 1.191,810 1,220,477 Th8 noios form part of Ihese financial *8tements P8ge 5
THE FILMER TRUST B•lan¢t Sheet 31 AUGU T 2025 2025 Tot funds 2024 Tol funds UnstriCted fund Rèsliited fund Notes FIXED ASSETS IntanL7ible assets Tanbjible assets Inv¢sttnents 50,00? 920,598 146.534 50,002 920,598 146.534 50.002 937.093 142,324 1,129,419 CURRENT ASSETS Debiors Cash at bank 94,389 94.389 359,18? 78.496 391.650 359.182 94,389 359,18? 453,571 470.146 CREDITORS Amounts falling due within one year (378.895) (378,895) (379,0881 NET CURRENT ASSETS 284,506) 359,182 74,676 91,058 TOTAL ASSETS LESS CURRENT LIABILITIES 832.628 359,182 1.220,477 r4ET ASSETS 832.628 359,182 1.191,810 1,220,477 FUNDS Unrestricted funds Restricted funds 832,698 359,182 8?8,827 391.650 TOTAL FUNDS 1,191810 1220.477 The financial statements were approved by the Board of Trustees and AUthoTised for issue on 26 June 2026 and were signed on it5 behalf by.. D Fler¢- Trustee The notes form part ol these financial stalemenls Page6
THE FILMER TRUST Not¢s to tha Flnanclal Statements FOR THE YEAR ENOED 31 AUGUST 2025 ACCOUNTING POLICIES Basis of preparing the finaneial statements The financial slaiement% of the charity, which is g public benefit entity UDd¢r FRS 102, have been prepared in accordance wilh ihe Charitie5 SORP IFRS 102) 'Accouniing and Reporting by Charities= Statement of Recoinmended Practi¢¢ applicable to charities preparin? their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Repiiblic of Ireland (FRS 102) (effective l January ?019)'. Financial Reporting Standard 102 'The Financial Reponing Standard applicable in the UK and Republic of Ireland, and the Charitie5 Aci 2011. The financEal siatemenis have b¢¢n prepared under the historical cost conveniion. with the exception of inv¢stments which are included at market value, a5 modified by the revalllation of certain assets. Income All income is Tecognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is prgbable that the income will be received and the amount can be measured reliably. Expenditure Lidbilities are recognised as expendilllre as soon as there is a legal or conslruclive 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 obli¥Tation Can be measured reliably. Expenditure is a¢counted for on an accrua15 basis and has been cla551tied under headings that aggregate all cost related lo the category. Where Costs cannot be directly attributed to particular headings the>. have been allocated io aetiviiies on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrned as expenditure. Goodwill Goodwill is in respect of the acquisiiion of a business in 1995 and was written off over 20 years. The written down value is £nil. Tangible fixed assets Depreciation is provided at the following annual rates in order io write off each asset over its estimated us¢ful Improvements 10 property Fixtures and fittiiigs 2 /0 Oll Cost 1 50/0 on reducing balance Taxatio The charity is exempt from lax on its charttable activities. Fund accounting Unrestricied fundg can be used in accordance with the ¢hariiable objectives ai the discretion of the trustees. Restrieted funds can only be used for particular restricted purposes within the objects of the charity. Resirictions arise when specified by the donor or when tunds are raised for particular restricted purposes. Further ¢xplanation of the nature and purpose of each nd is included in the notes to the financial statemenis. Hire purchase artd leasing commitments Rentals paid under operaiing leases are charged io the Statement of Financial Activities on a Straight line basi5 ovor ihe period of th¢ Ica5i. Improvements to propertv Thc revaluation on the improvements to property have been taken to the statement of finan¢ial activitie5 in 2016. The revaluation was based on a valuation for insurance purwse5 provided to the Trusiees. Page 7
TH FILMER TRUST Note5to th Financlal Statements. contirtu FOR THE YEAR ENDED 31 AUGUST 2025 OTHER TRADING ACTIVITIES 20?5 2024 Nursery fees 21.840 45,355 TRUSTEES, REMUNERATION AND BENEFITS There were no irusiees, remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 Allgust 2024. Tru5tee5' expenses There were no 31 August 2024. trustees, expenses paid for the year ended 31 August 2025 nor for the year ended COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UTr1 fund Restrict1 fund Totd lurKIs INCOME AND ENDOWMENTS FROM DonatEons and legacies 92,230 92,230 Ch8ritabl¢ activities Nursery grants 178,178 178,178 Other trading aciivities 45.355 45.355 Total 92,230 223.533 315.763 EXPENDITURE ON Charitgble aetivitles Nursery grant5 202.914 202.914 Other 108.179 108.179 Total 108,179 202.914 311,093 NET INCOMEI(EXPENDITURE) (15,949) 20,619 4,670 RECONCILIATION OF FUNDS Total funds brougl)t tornard 844,776 371,031 1,215,807 TOTAL FUNDS CARRIED FORWARD 828.827 391,650 1220.477 Page 8 continued...
THE FILMER TRUST Notes to the Financial Statements. continued FOR THE YEAR ENDED 31 AUGUST 2025 INTANGIBLE FIXED ASSETS Patts and lin$ To181s COST At I September 2024 and 3 5 August 2025 180,000 50.002 230,002 AMORTISATION At I Sepi¢mber 2024 and 31 August 2025 180.(M)O 180,000 NET BOOK VALUE At 31 August 2025 50,002 50.002 At i l Augusi 2024 50,002 50,00? TANGIBLE FIXED ASSETS Improvements lo property Flxtuies and Tota$ At I September 2024 and 31 August 2025 1.103963 1 143,979 DEPRECIATION Ar I Sepiember ?024 Charge for year 169,378 37,508 376 206.886 16,495 At 31 Augusi 2025 185,497 37.884 223.381 NET BOOK VALUE At 31 August 2025 918.466 2,132 920,598 Ai 31 August ?024 934.585 2,508 937,093 FIXED ASSET INVESTMENTS Shares in group undertaking5 MARKET VALUE Ar I September 2024 Revaluations 14?.j24 4,210 At 31 August 2025 146.534 NET BOOK VALUE At 31 August ?025 146,534 At 31 August 2024 142,324 There were no inv¢stmeni assets outside the UK. Page9 continu...
THE FILMER TRUST Notès to the Flnancial Statements. contlnuvjj FOR THE YEAR E14DED 31 AUGUST 2025 FIXED ASSET INVESTMENTS- continued C051 OT valuation at 31 August 2025 15 represenied by.. Shares in group underiakings Valuation in 2023 Valuation in 2024 Valuation in 2025 Cost 3,321 4.033 134970 146.534 The Filmer Trusr holds l 00% of tlie share5 in KHM Education Lid. The net assets of KHM Education Ltd at 31 August 2025 w¢re £146.183 (2024.. £141,974). The Trustee's consider this to be fair valuation for 2025. The Filn)er Trust holds l OOO/o of rhe shares in KHM Pr¢paratory Schools Management Ltd. The fair value of the investment, in ihe opinion of the Trustee's is represented by th¢ aniount paid for th¢ aquisition which is £350. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YF,AR 2025 2024 Other debiors Prepayments and accrued income J5,880 58,)09 35,880 42,616 94,389 78,496 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank account- unrestricted fundslsee note 10) Oiher creditors 370,436 8,459 370,628 8.460 378 895 379.088 io. BANK ACCOUNT- UNRESTRICTED FUNDS An analysis of the maiuriry gf bank accounts (unrestricted) is given below.. 2025 20?4 Amounts fallin& due within one year.. Bank accounE- unr¢stricted funds 370.436 370.628 Page 10 ¢b.Ued...
THE FILMER TRUST Note$ to the finaneial Ststementj. continued FOR THE YEAR ENDED 31 AUGLIST 2025 MOVEMENT IN FUNDS Nel movement in funds Al 31.8.25 Al 1.9.24 Unrestricted funds General fund 828,827 3,801 832,628 Restrieted funds Nursery Educaiion 391,650 (32.4681 359,182 TOTAL FUNDS 1,2?0.477 28.667} 1,191.810 Net movement in funds, included in lh¢ above are as follows.. InCming ources Resources expended Movemwl Unrestricted funds General fund 155,874 (152,073) 3,801 Restricted fund5 Nursery Education 125,888 1158,356) (32.468) TOTAL FUNDS 281.762 310.429) 28,667) Comparatives for movernent in funds Net movemènt in funds Al 31.8.24 Al 19.23 Unrestricted funds General fiind 844,776 (15.949) 828,827 Re5trtcted funds Nursery Education 371.031 20.619 391,650 TOTAL FUNDS 1,215,807 4,670 1,220,477 Page11 linued...
THE FILMER TRUST Notès to the Financial Statements. ¢ont4nued FOR THE YEAR ENDED 31 AUG T 2025 MOVEMENT IN FUNDS- eontinued Comparaiive net movement in funds, included in the above are as follows: Incoming resour$ ResrceS expended Movwnenl Unrestricted funds General fund 92,230 (108,179) 115,9491 Restricted funds Nurs¢ry Education 223.533 {202.914} 20.619 TOTAL FUNDS 315,763 311,093) 4.670 A current year 12 months and prior year 12 months combined position is as follows: movement Al 31.8.25 Al 1.9.23 Unresirieted funds General fund 844,776 112,1481 832,628 Restricted funds Nursery Education 371,031 111,8491 359.182 TOTAL FUNDS 1,215.807 23 997) 1.191.810 A current year 12 months and priL¥r year 12 months combined net moveTnent in funds. included in the above are as follows.. Incoming resour Resourc8s expended Movem1 in funds Unrestrieted funds General fund 248,104 {260,252) (12,148) Restrieted funds Nursery Education 349,421 (361,270) 111.8491 TOTAL FUNDS 597.525 621.522) 23,997) P4e12 ClinUed...
THE FILMER TRUST Nots8 to th Financial Statement¥. continued FOR THE YEAR ENDED 31 AUGUST 2025 12. RELATED PARTY DISCLOSURES There w¢re no related party transactions for ihe year ended 31 August 2025. P¥13
THE FILMER T Delailad Statement of Financlal Activiti FOR THE YEAR ENDED 1 AUGUST 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations 134,034 92.230 Other trading aetivities Nursery fees 21,840 45.355 Charitable activilie5 Grants 125,888 178,178 Total incoming re50urees 281,762 315,763 EXPENDITURE Charitable aetivities Grants paid out 158.356 202.914 Other Other operating leases Renr payable 68.150 20,052 36.703 88.202 43,987 Support cost5 Management Rates, water & power Insurance Advertising Sundries Repairs & renewals Profc5sional fees Bank charges Improvemeiits to property Fixtures and fitting5 13,413 14.945 167 5.935 13,439 167 5,158 12,253 436 2.940 2?.952 709 16,119 442 376 62.867 6?,706 Ftn8nt¢ Bank interest 414 719 Other Impairment losses for tangible fixed assers 14.210) {4,033) Governance costs Ac¢ountancy 4,800 4,800 Total resources expended 310,429 311.093 Net (expenditurellincorne This paged068 not lum part of ihe Stsluloiy linarKial slaiements Page 14