Company No- 03245525 (England and Wal&sl ELTHAM COLLEGE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
Elth8m College Directors, Report For The Year Ended 31 August 2025 The Dire¢lor$ pre$enl theirr8portand the audiiedfinanclal stateTnents forlhe yearended 31 August 2025in 0rdanCe wilh Ihe Companies Act 2006. the CharIt5 Act 2011 and the Company's Mem¢xandum 8nd ¢¥&$ of social50n. R8f•rènc• and Admlnlstratlve Information Etham College is a registered chanty, number 1058438, and is also a company lirnit8d by guarantee, registered company nyTnber 03245525. Eltham Cdlese Is 81s0 the SO corporate Truslee of Ihe uninGorpprated Eltharn College Charity IECCI, registered charity number 1058438-1, whkh Is govemed prinopalty by a Challty Commi5svn S¢heme dated 30 August 1996 Ithe .1996 Scheme"). as 5ub5equentJy amènded by a Sth8m8 dated 28 November 20051th8 .2005 Scheme"). The tsvo ch8ritie5 are formally *nked, Yrtlh integrated reportiw through these accounts. Tru$tees and Officers The Goveming Body, in whom the governan¢e of the s¢ is v8St8d and which forns the Board of Directors and Ihe Chanty Trustee body, was as follows during the year.. NAME CoMMIEEs OTHER HS Js ss BP GN Mr P Doyl& (Chalfl Mr P Ashcroft" Mrs F 8rown' Resigned 4.7.25 Mr M Curry Ms A HaTbpf Rev W Hawkin$ Resigned 20.11.25 Dr O Huang Mr D Hudson. Mr L Jagger Ms S King e8 Chairl Mr M Melia. Mr T Meunier Appointed 24.7.24 Mr A Neden Mr B O'Donoghu&' Mr O Obidipe Dr S Turner ommittees F - Finance & General Purposes. E - Estste and Safety. JS Junlor School, SS - Senior School, BP- 8lackheath Prep, GN- Govemance and Nominatiens • Denotes Chair of the Gommittee Q Denotes Mémbtr of the comrnitte$ Denotes Schvol pafenl al the lime of their appointtnent The Commltte@ structure providtrs for six Coffjmittees of the Board.. Finzncè & Gener21 Purposes ComrDitteÈ', Estate5 & Safety Cornmittee," Senior School Commltte8-, Junlor SGhool Comm1tt8e', 81&ckheath Prep Comrnillee.. and Governance & Nominations Commtrttee. In addition, during tre ye8r Mr D Huang wa5 the nominaletS Saf8gu8rding GDvernorforthe S&nior School and Mts F Brown was Ihe norninated Safeguarding GoernOr for the Junior School and Blackhe8th Pwp. other Gowemor Oversight HS- Health and S8fety- Ihe nomlnalad Heatth and Safety Govemorottends the temity meeting of the Strateglc H&S Oversight Forum whlch is chaire¢l by the Bursar.
Eltham College Dlrèetors, Report For The Year Ended 31 August 2025 No Govemor had an inleresl in any conlraci or 8fFangement of a matsrial naiure dunng Ihg period under rEview except 88 disclosed in note 20 to these financial slal&mpnts. Key Management Personntl Headm2Ster'. hAr G Sandgrson MA Ioxonl FRSA Bursar.. Mr R Wilkinson OBE Head of the Junior Sthool- Ms R Thomp$on IEffe¢llve from Septembei 20251 Head of Blackheath Prep Ms V Lloyd leffeclhie from Septembèr 20251 Senior School Senior Deputy Mr J Martin Hèad Deputy Heads.. Mr S Michael (Senior School) leffective from September 20251 Ms K Nultseem (Senior School) Mr J Willatt Isenioi Schooll Mr A T8ylor (Junior Schooll Mrs Jo Dudley lJunior Schooll Ms K Cubley (Blackheath Prep) Reglstered oifsce Eltham Colle9e Grove Park Road Moltingham London SE9 4QF Aifvis*rs 6ankef5'. BardHys Bank Pl 5th FIooF Corinthi8n House 17 Lansdowne Road Croydon CRO 28X Lloyds Bank PIC LevEI S, 110 Sl. Vincent Street Glasgow G2 SER Audltors." Azet5 Audit ServiTrs 2nd Floor, Regis House 45 King William Slre8t London EC4R 9AN S¢licitors-. BrOadfeId Law UK LLP Ifomi¢rfy E5DB Piimansl One Bartholotnew Close London EC1A 7BL Fsrrer & Co LLP 66 Llntoln's Inn Fields London WC2A 3LH
Eltham Coll?g• Dlrectors. Report For The Year Ended 31 Au9L55t 2025 Structure. Govemarrce and Management Governlng Docurnent Eltham College wès founded in 1842 as the School for the Sons ol IAissionariès and incorpor8t8d in 1996. The Schogls within the Group operate as a ehadty and are r8gisl8Fed with Ihe Charity Commisslon under Charity Nurnber 1058436. The Charity 15 governed by the Artlcles of Assoclation of Ettham College Ilncorporated. registÈr8d company numbef 032455251. dating from I September 2018 and arnottded In May 2023. Th¥ ¢hartty wa$ incorporated in 1996 as part of the de-merger of Ehharn College and Walthamslow Hall schools. Through that pr0Tr5S. the unincarporaled Ellh8m College Charty IECCI was establish8d, with Ellham College 8$ the sole corporate Trustee. ECC is 9ovgmed principally by a Charity Commission Scheme dated 30 Augu51 1996 (the .1996 Scheme"). as sub$equÈnlly amended by a Scheme dated 28 November 2005 Ilhe"2005 Srheme"). which gavo effocl lo the ¢58-merger and th6 division of 8ssels from the former merged entity. Group Structur¢ Relatsonshlps Ellham College operates and runsthree Schools undorthe"Ellham Colle9e Famity of Schools'Group slruclure.. Eltham CollegE Senior &hool, Ettham Colltg8 Junior School and Blackheath Prep. Eltham ColF¢oe is the sol8 corporate Truslee of the unincorporated Ellham Colle9e Charity IrÈgislered charity number 1058438-11 which holds SOTne 8s$els (including land at the Efthatn College site) as permanent endowrnent. FSSM Ltd Iregi8lered CDmpany number 031139101 is 3 wholly owned subsidiary ol Ellham Cc>lle9e. 11 15 4 non- charitable limited ¢omp8ny which operales Ihe Er¢ Liddell Sports Centre for cotntnuniiy use under a management agreèmÈnl. FSSM Ltd has ils own 8oard of 04rectors. From 3 February 2021. Ihg 808rd comprises the College Bursar. the Headmaster and the Chair of Governois. Ellham College is the Sole Merntyer of the Blackheelh Prep Chaty Company Limited by Guarsntee (Charity No.. 312732 and Cofflpony No. 6725691. The Charily and CDmp8ny are cvrrenlly in 3 dormant sl8te and sIe September 2023 hav8 no role in the Dvmèrship or running ot Blackhealh Prpp school. Th8 Headmssler is a member of the Headrnasler5' and Headmislress85' Confereno, and th8 School is 8 member of the Independ¢nt Scho$ Bursar5' As50cialion and of the ¥008tion ol Govemlng B¢dlÈs ol Independent Schi)015. Gov¢rnlng Body The Trustees are the Governing 8ody. All m&mb8rs of the Governing Bo(ty are Trustegs of the Charlty and ael as Difeciors of Ihe Company As required under the Articles of Association, during the yearthe Governing Body consi5tod of a minirnum of twelve Governors, of whorn a tninimum of were parents at the lim8 of their appointrnent. and of whom three m8y be notninaled Govemors, one by Eash of the following.. Baptist Misslonary Soclety Council for Worfd Mission United Reformed Church Rgcrultment and Trainin9 01 Governors Eltham College has a policy on the ReCruitrnt of Proprielots, Governors and Trustees which Is avai18ble on the School's websile. ENh8rn College m8ke8 use oftraining opportunityes provided by AGBIS andotherorganisations within th6 sector prov[ng speciali51 briefin9s for Gov8mor5. including the Independent School BufsaTS' Assoc1. Organ15ation41 Management The day lo day running of the three schoo Is delegated lo the Headm2sler & CEO of the Ellham College Family ol Schools and through him lo Ihe B¥r59r and to the Executive Leadership T88m which includes the Senior Deputy Heéd of the Senior School. the Head ollhe Junior School Bn4J the Head of 81ackhEath Prep. The He8dmastÈr and the Bursar attend all meetings of Ihe Goveming Body antl its Committees.
Eltham College Director5, Repc+rt For Th• Year Ended 31 August 2025 The ¢emunerdbDn of the H8adm8st6r sel by the Board of Goveinors, wth tr)E objective of ensuring parity wlh equiyalenl posts In othèr schools anrS appropriate reward lor Énhanced performance. The remuneration of the Bursar. the Senior Oepuly Head of the Senior School. the Head of thÈ Junior School and IhÈ P.é8d of 81aGkheath Prep Is set by the Headmast8r with guid8Trce Irom ihe 808rd. The remuneration of other key managemenl PSonna1 is sel by the Fseadrnaster with Ihe Bursar. within the budgei P3fameter$ approved by Ihe Governors iaking into account benchmarkll)9 information for ¢quNal¢nl posts within the sector. A Remunoraiion Commilteo Mee beforts the budget is prepaied annually to hear feedba¢k from preSentsve5 of thè st8ft body vthich Is IhÈn taken into 8CCDuni dunnp tonsideralitsn of whèther to 8ward a cosl-Df4wing inErease lo $laff and lo inform Governors on widei issues concernin9 Sta remuneration. Th85e meetings are allendert by the Chair ofthe Board. the Vice-chair of the Board. the Chair of Ihe FinanGE & Gengral Purposes Ctymmittee ano one other Governor, as well as the Headmaster, the Bursar and HR Director. In addibon, members of staff reflecting leaching and support siaff across the three schools allend the meeling lo represent the views of staft. The Ineeting is minuted and the record of the m881ing 18 shared wilh all 818ff. The Information gleaned ihrough the Remuneration Cornmiltse is used by Governors 10 inform their consitleralion ol the buO9et and pay awards. R¢¢rultment Pollry for Staff Ellham College has a published recfuitment policy which aim5 to achieve the following. to recruit stsff of the hi9hesl possible quality who wll maintain and indeed improve the education that the Schools offer, and who will contribute to the academic. c0-cu1¢Uta[ and pastoral lif8 of the Schools lo ensure that all slaff are recnjiled on the bèsis of their meril$. 8bilitiÈs 8t suitability for the position lo ensure thal all stsff appoinlmenls are made f2irly and transparently, and that 811 job applicants are constsed equilably and con5IStenlly to ensure that no job applicant is treated unfairly on ap.y grounds induLlin9 gender, s¢xual orientslion, mariial or cwil partner slalus, pregnancy or matemity. gender reassignment. ra. rehgion or belief. disability or age ID ensure compliance with the relgvanl recommendatsons and guidance including Keeping Children Safe in Educalion, Saf8gu8rding Children." Safer Retruitmenl and Selection IA Education Seibngs and the DiscbJ8ure and Barring S8Nice Code of Pr8ciitE to ensure that the Schools meets their commitrmnl to 8af@guarding and promoting the welfare of children and young PEople by carrying out all necess8ry pre-employment chscks to del8r potential offenders from 8pptying', all advertisetnents make reference to the Schools. Child PioleclKin and Safeguarfing Poliry Communlcallon wlth Staff The Headrnaster and CEO ofth8 Eltham College Family ofS¢hoob, and the Heèd5 ofÉhe Junior School and Blackhealh Prep. engage extensively wilh staff on a range of matters. This includes formal bnefing sessions which Ère usualw held at the stsrt of each term on mallers such as health and saftly, data priva¢y tnd finanGi31 vpdate5 as well as 3 range of otheT matters relating to le8ching and learning and academic results Inlernal staff inforrnalion briefings take plac8 W8ekly at each School and a followed up with a writt8n not8 for those unabk to attend. Objectives and A¢tlvitles Charltable Objfrctives Following approval from the Charity Comml$$ion, the Obj¢Gts of the Charity were updated In May 2023 ate now 88 follows.. 'For public bÈnefll. lo advancè the eduration of Ghildren 8nd young peop18 by Iwlthout prejudice to the gÈnEolity of the tc)re90ingl the provision ol a school or schools, in partrubr but not exclusively, those ¢onducled in aGoordance wilh the elhos aiid Vrfilues of Ilie Chrisiian faith and IhosE with a pi¢leren£e lor the èdmi$si¢n of Ghil(Jren ol Pioleslani mlssionaries subject to kne dibGretion of Ihe Trustees."
Eltham College Dlrectors, Report For Th?Y•ar Endgd 31 August 2025 ITwstees are ¢urrenUy con$tJWng wlth the Charity CommIss)n on a changa lo th8 Obj8cts of the unincorporated ECC to bring full alignm8nt wryth the Ettham College Objects.) The Trusiees confirm that they h8ve fe[red to the guidan¢e Contained in th£ charity Cornrn1551on general gLIidnCe on public benefit when rwewing thÈ Charitable company's aims and objectives and in planning fijlure activitl8S. Eltham Col e Senlor & Junlor hools Prfn¢lpal A¢tlvltlé8 Emham College Senior and Junior Schools alm Is to educate Childrt by the provlsion of cwlucalional preparatory ond $ècondary education within a ChrTrslian environment. We are colnmitted lo excellente wlthln and beyond the classroom, with high expedations on 8¢hievemenl conlribuling to ovtrrall development of students. Aims and Intendad Impact The Mission Statoment for Eltham College SerTrior & Junloi Schools is to be.. "A thriving. leading London day ¥hool, buitt upon Christian princlples, thai provldes an outstandlng and well- rounded education foi girls and boys.. To thts end. Eth8m Cdlege has SBven equal alm$.- Instilling a lov8 of learning in students and achleviTra excellent academir outcomes Providing excepb"tr)al arhstic, sporhng and rnu$lGsl opportunitie8 SO that5tudent$ develop dlv8rs8 ta18nts. enjoyth&lrschool days. and excel in Iheir future Ipies Providing strong pastoral care and a tolerant. and mvtualty respgclful enviTonm¢ntso that$ll members of thes¢hwl ¢ommuntyare known, valued 8nd supported as indiwduals Recruiting an# developing passionale and committed teachlng and 5UPPOrt staff, recognlslng that Ihelr Skill and experkse cre81es an outstanding an(J well-managed school Enabling Students to con5idei Christsan bpliefs and v8lu85, whtrI51 warrnty including thos8 of other faith5 none. so that all mlght live a Ilfe (or lh8 b8nefft oloihers Maintaining strong 116s wlh everyone within the Ellharn Celeue tMmunity Istudents. Staff. psrents, 8hJrnnl. 8nd their wider farDili8s1 and providing buT5ary pr(Nision lo ens¥ro that the sth{l is accessibte for all Providing ¢xcdlent facilities that meel the edurAtion81 ed$ of presenl future students an(J those who teach ar support them in a sustainable manner Oblectlves for the Year 2025126 The School rnainlains a Ihr8e-yèar development plan seiting oul Its $tralegic prioritios. The rAJrrent Ihree-year plan covers the peritxl 2024_27. Key Senior SchfKJI Pr0cts within that plan included.. Academlc Instilling a love of leaming in students ar achieving exGÈllent 8cademic outcome$: Strengthen SEND provk8KiTr and ensure 8 curriculum thai strelchos all learners. Increase offets from elile universities. includin9 OxbridgÈ. Cr881e a Middle School (Y11) enrithment programme to boost GCSE outcomes. Review th& A Level options process and imprvve assessment and homèwork practic&. colyreI8r Providing oxcgplional 8rtislic. 5POrting and rnusical opportunities SLI that students develop dr$e lalent5, enjoytheirschool days, and Èxcgl in their fvlure IDI". ReLTUit and rgtsln ligh-perk)rylling Art. Drama, Muslc, and Sport scholars. Build national reput8tion in Art. Drama. MusiG Sport, and STFM. Ensure breadth and baLgnce across co-curricular opportunities. Embed studÈnt-l&d charity initi*ivtrs and expand student leadefship.
Eltham College Dir¢dors' Report For Thè Year Endèd 31 ALFgust 2025 Maintain an inclusive and sustainable school trip programme. 3. Wtll4eSng Providing strong pasiiyal ¢arE ?n4 a loleranl and muttjally re$pe¢tFul envlronmentso thatall membets of the SchDolcommunity are known, value(S and supported as individuals. Achieve al leasl 45010 girts in Y7. Maintain an in¢lusive. respetllul and diverse school cultre. Promote strong mental, physical. and emotional wellbeing. Strènglh&ft sludonl voice an(J model respecrful disa9r8em8nt. Partner effectively with parents 8nd Spport he8llhy relalion5hips for students. 4. Sta ReLruilin9 and developing passi0Trste and comtnilled teachir¥J and support staff, recognising that their 8nd expertise creates an outstanding and well-managecl $chool'. Daliver high-9uality CPD. Sncluding th6 GrÈatT62th6r ToolklL Oevelop provision and the Teacher Insight Progr8mme. Maintain compgtNive pay and support staff wellbfying, 5. Chil$tlan 8ell¢fs and Valugs Enabling students to consider Ghristsan beliefs and values. whilst wamly including those of other faiths and none, 50 that ell might live a life for the benefit of others.. Continue the 81defit-1ed discussiDn groups available fop each year group in the Senior School. Continue the annual camp ftri sludÉnt$ who afB inlfyrestgd in Christran matlars. School Community Maintaining strong lies with everyone within ihe Ellham College community Isludenls. slaff. parent5. alutnni, snd their WKter families) 8nd providing bursary prowsion to ensure that the School is accessib* for 811.. Establish an internation81 Sixth Form programme lup 10 10 students annu81ty1. Deepen partnerships wth local schools. Expand careers education from Yedr 7 with regular guest spe8kers. Fa¢ilits"Ès and Infrastru¢tu Providing exce118nt facilittÈs that rneet the e<fucatiorI Theeds of present and fuluie students and Ih05e who teach and support them in a su8t8in8ble manner.. Maintain the programme of relLJrbtshment arr085 the Science Cenlre. Ensuring sufficient sport5 f?cilitie5 for a growing number of 95rf Ètudents. Begln implemeniation of the new IT slralegy to inspire digital leaming I computei s¢itrnm. t)evelop plans foi an integrated Art C&nlre and gallEry based around the current Gerald MoDre Gallery_ Work lo mainLain Ihe fabrit DI all School buildings lo a high standard and ensure all high-nsk Health an Safety issues a prioriti5ed. Reduce the volume of eleclrieily and ga5 consumed on Sile. Aciively explore opportunities for stronger In¢oM$ o¢neraiion from vse of Ihe School tacihtses, Includin9 through the FSSM.
Eltham Collego Dirèctors. Report For The Year Ended 31 August 2025 Blackheath Pre Prfmelpal Adlvltles Bl¥¢khtolh Prèp offers puplls an outstandiw educalon that Is welkbalanced scross the 8cadernl¢ Subjatts, sport and the art5, in addition lo superb pastoral care and exlIent wrap8round Care. Facilities indude a purpD5e-buill s¢ien¢e lab, Ilbrary snd gym. 2.5 acre sports f5eld and thre8 Forest 5Ghools, prowding amp spac8 for our pupils lo roam. dlscover and have mlnl-advenlure¥. At Blackheath Prep. pupils benefit frorn a and bfoa¢J edu¢alon from Nursery pwards, 8nd when they leave in Year 6 Ih8y are wellquipped fr)r tl 11+ protss ènd the next stage of thelr educatlon. As part of Ihe f ttham College Farnily of Schools. Blatkheath Prep pupils benefft from a prbrty applitalion pro¢8s$ for thos8 who Msh to stslect Ehham College as their choice of senioT $thool. Alm8 and Intendd Impact Vision." Tooffer an 8ducalicn bwlhout boundar$, giving eVerychI thefreedMI to shlne and achievetheirtull polgnlial, upholding academi¢ ex¢elEènce, sparking cufjosrty and a joyful love of leaming. nurturing kindness and wele1n9. and ¢re8ling a strong sense of CDmmunlty, Mission We are committed to giving every chikl the opportunity to achiove theirlull potenti81 and the courage to slrfv8 for excellence in all their endÈavour5. Through innovHtive and inspiting le8ching and a rich and varied curriculum. we aim lo spark Childn.$ natural curiosity and sense of fun and adventure and lo nurture a joyful love of learning. Communty is at the very hèart of Blackhealh Prep. and kindness. appreciation, collaboralion and contribution a valuÈs that we work hard lo put into practlce each day. We Èncourage every child lo make the tnosl of their lime heTe 50when they Gomplete their journeywith us they are ready for the nextSta9g oflhelr8ducation and have Ihe foundation for a successfijl, happy and fulfilled lrfè. Our Values.. Blad(healh Pp has sèven core values Ihat guide cur Ihinking and our behaviour. Each value 1$ outlined in mor8 detail to fortn our aims. Kindne55'. We aim Its be 8n inclusive, diverse. fr*ndly and welcomlng school, where klndness. ¢ompass1en, courtesy and r8SPeCt are paratnount. We are generous and (x)nsiderate lowards other5 ond take care of each other and ourselves. We help ¢hildr8n leam how to put the powprful potential of klnd word5 and dEeds Into action. Curi08ty'. We aim to spark childr8a's natural ¢urlosty for tho wortd, leadlng thern to discover, to wonder, lo dare lo go further. With their allenlion ¢aptwaled, children thlnk mre d88pty, ask inquisitive questiens and pUu thtrir loamln9 to new level5. Freedom.. We airn to glve rhlldren freedon7 to gr(Iw. lo rAJsh boundaryes. to ex¢88d theirohvn expectations and ours. Our superb Outdoor space provldes wonderful 5CQPE for exploration anLI exhilaotion. Our independent status allows us to be an Innov&live School Ihal nurtures creative thinkers and risk t3k&r5_ Ambition.. We aim to be ambilous In th8 goals we set, striving lo ensure that every child shines and r¥a¢h8S Iheir full polenlial. We unlock Confidence. excitement. fresh thinng and a sens8 of fun and 8rlvenlure, in the full beli8f IhBre ?re no limits lo what Èach individual child c8n achieve. We are committed 10 academic excellence and to off8ring a rich and varied curri¢ulum th81 inspire5 and fvffils 8 Vast ran9e of interests and aspiration¥. ourag8'. We aim to help chiltlren develop the courage to beIve In thern$efves, lo lake fisks make choices, to try new things. to be bold. brav&, resilient ténacnus. to leam trom mistakes and 10 ns8 to challgng¢s. Comtnunity." We airn to nurture a sense ol belonging and a strong 8pprecialion of cornrnunity. AS well 85 d&epbning collabordtion between ourown pupils, te8theTS and panIs, we aim to look beyond the School arfd
Eltham Colle9e DÉrèctors' Report For The Yèar Ended 31 August 2025 trngage withth8widerworfd. coRtribuiing lo our local community and working 1..h olh8rschools, organisatiOnS end th81ilies. Joy.. We aim to nurture a joyful love of lÈarnlng. We are crxnmill&d lo provlding a happy and exciting school environment wh8rÈ each day brin9s n&w expeiiences and where childien's personal develDpTnenl, happiness and wellbeing all flourish. Objectives foi the Year 2025126 The School maintain5 8 three-year development plan setbng oul 115 51rategi¢ pnorities. The current thfee-year plan covers thè period 202&27. The key o*"ectwes for 2025126 within that plan are.. Teaching & arning. To improvc the quglity of teachino and le8rtUn9 th 8 specific locus on Literacy and vocabulary Pupil person81 developmenl." To Slrenoihen the Sthwl's approa¢h to pa&ioral care Ihrough the bitroductlon of the Zones ol Regulèlion, promoting pupil independence and self-regulalion peop." To foster a culture of high-qualily profÈssion81 learning via a neWed appr8isal prtscess SJsl4inabilily-. To improve the efficiency and suslaiTrabilily of the School's operatOnS and develop lh8 School's site fof the future Cornmunily.. To enhance Ihe School's paientsl engagement and communicalions stralegy and Fwovid& opportunities for meaningful con$ultstion Princi 81 Activities.. FSSM The aim$ and objeGbves for FSSM Ltd lo operate Ihe Eric Li¢11 Sports CeThlre in Itne with the M8Tr2gement Agreement. and lo facilitate the achievement ol the Family of SctrK)Dls' aim$ 8s above. Thè Ethos of thÈ Eltham CO1 È Famil of S¢hool$ Ellh8m College Family of Schools is È cliaril&ble Trust which seeks to benefrt the publit through the pursuil of its slal ims. Our fees arE gpl al 3 leve lo ensure Ihe financial viabilily of our thfee Schools 8Rd al a lev81 that IS ¢gnsisleni with our aim 018 firsl-class educsts.on for y8 and glrls. Wa welcom8 students Irom all backgrounds. To Èdmii a prospe¢tive sludenl. we Deed tv be satisfied Ihal we will be able lo educate and develop them to the bEsI of their potential and in Ilna with the standards 8thVed by their peers. In parilcular. at Elarn CDlleg9 Junior and Senior Schools, entrance ex3minaiions, assessments and inlervlews are undert8ken to satisfy ourselves and parents th81 potential students will thrive wilh the pace ol learning and benefrt from the education we provide. An IndivUal'S economic stalus, elhnitsty. race, ligIOn Ènd. In most cases. disability, do not form p8rt of our Èssessm8nt process In our Schoob. Vve arÈ ¢ornmit to achieving high slandards in safeguarding and promoting the wewaré ol our studÈnlg Ènd expect all sl?ff volunteers to shar8 this Cornm11. PaTents are given regular information aboLrt theiT chikJr6n's social and academic progrÈss IhTough parents. evenings interim reports as well as Ihe Ir?diiional full reports. We Fn3iniain regu&r contacl with parents throughout the year through the weeY e-8ulletin, and iegubr operational commuDwtion5. We are an equal opportunity oroanisabon and are committed to a working environrnenl th3115 free frorn any form of discrimination on the srtsunds of n4tionality. race. ethnicity, religion, sexual orientation or ¢thsablity. or any olhei irrelevant factor. Bursary and Scholarship Policiès The Govemors view bursaryand scholarship awards os Important in helping to ensure chiklren from fèmilies who would not Olhetwise be able to attord the fees have access lo the education we offer. Alhough the College does not have th8 benefil ol an historic restricted fund lo supp(At bursary provision, we $06k to maintain a fund through appeals to formsr upils and exisling parènts to help financÈ such awèrds Ithe Bursary Fund). fhrough the oenerosilyof oforTner PLipiIs in particular, wtrwll establish a fomal restricted fvnd in 2026127 to provide loronoI9 bursary supportlunds. Despila thi$ very posibve dev8lopmenl. most buisary funding will conliTrue lo come froni the general accouni. whi¢h means we
Eltham Colleg Director5, Report For The Year Ended 31 August 2025 have to be mindful lo ensur8 8 balan between fee-paying parents. rnany of whom make consiéerablÈ per50n81 sacrifices lo fund thelr child's educatlon, and Ihose benefftiing from the 3wards. Bursary awards for new studgnls lo the Senior School are available to thDse who p&rform strongly in our general academic entry requirements and are made Sole on the basls of parental means. Bursary ¥warLls may a150 bÈ Tn2de to students in all three Schools to relieve temporary haréshlp where a student's 8ducalion and future prospects woul otherwise be al nsk, foT exarnp. in the ease ol redundancy. We diaw on the assislatrce of the charity Bur58ry Adminisiraiion Lld with the process of the objectNe assessment and validation of financial data Awards r8nge from 10% 10 1000A remiss of lees and ar8 re-8SS8ssed annu8lly. We have 2 Travel Club fuDO that supplements bursary awards to fund Gurricular school trtP5. We a150 have a staff dl$¢ounl scheme whereby staff members may offered the opportunity to educate their children al Fltham CtrllegÈ or Blackhealh Prep for a reducèd fee 8t discretion of the Headmaster. SthDlarship5 may be awarded to Senior Schod siudenls on the b8sis of tha individual's Academic. Sport or Artisl (Art, Drama, Musiel merit or polenlial. subjecl lo any conditions imposed for parkncular awarrss by the original donor le.g. Leverhulme Trust). Scholarship5 ao awarded with a fixed rerT115sion offees of beiween 10Y& and 50Ytr. whr¢h may be supplemented by a bursary. Pupll Numbers and Fees The number of students educated al the three Schools remains 81rong, wilh 388 pupils al 8la¢kheath P¥ep, 267 pupils al Ihe Junior School and 805 pupils at Ihe Senior School durin9 the 2024125 acad&mic year. Our lermly fees for the past year linclusive of VAT from January 20251, before the deduction of any scholarships or means-lesled bursariÈs, Blackheath Prep Nursery- £ £5,285 Blackh88th Prep Pre-Preparalory- £ £8.813 Blackheath Prep Prep8ralory- £ £7.249 Eltham Colltoe Junior School- £ £7.907 Eltham CDllegÈ Senior Schod- £ £9.619 STRATEGIC REPORT REVIEW OF ACTIVITIES AND ACHIEVEMENTS-2024125 Senior School A¢ademlc The 2025 A level and GCSE results continued to place Eltham Coiiège among most atsdemlc schools in th8 country. The A level resutts were 340/. A. glades. 8801, A" and A grades and 92Yts A. lo 8 grades. Thésè were In keeping wilh the pre-pèndemic high of29Ok A. and 70Yo A. A grades. From Ihi5 year group. nine reIved offers frn Oxford or Carnbridge with eight students now 8ludying al Oxford. At GCSE, results wer8 among the strongest In Southeast Ltrndon. 459A of all grades were 95. 71Vtsof all grade5 were 95 or 8$. and 88 k were 9$. 8$ Dr 7s. One quarter of the cohort achieved all grade 95. Co-currleular & Partnefship A£tivitle6 The Schoof conb'nues lo place particulgr emphasis on the t>readth and quality ol 11$ co4urricular prowsion, with students 8gain benefiilng from an emtensive programme of opportunities acr055 Sport, mysic, drama. art, and edvcaliollal vi5115. PartlClP81ion levÈls remain exceplionally strong. 8nd n8lional-l&ve5 achievements across Fnuhiple disdpllnes underline the SEhoDI's rePUtan ft)r excellence. 10
Ellham College Directors, Report For The Year Ended 31 August 2025 students across all a9e 9roups enjoyed an outstanding year of 5POrtlng suttess. The 1st xv Rugby reeord8d Iheir most su¢¢e55ful season since 2018 with 8ighl viciori8s across the Michaelmas term. supported by a highly Productive pfft-season tour lo South Alrica. Rugby participation continues lo glow. with U14C, U1 SC. and U16B teams playing a record number of fixtures. In girls. sport, the U12A hockey team won the London South qualifying round and f¢a¢h&d Ihe Tier 1 London Finals for the fifst lime. while the U16A leam finished rur5ners-up ln Ihe London Tier 3 Finals. UCC8SS 81 county level induded 2nd, 3rd aDct 5th place IinishÈ5 across thÈ U12A. L116A, and U14A sides le$¢tive. Sludeal$ 931ned a number of rÉprÈsenlalive honou¥s, indudiro 28 hockey selections across London and Kent, 7 Premiership Rugt>y pathway $81&clions. 6 Kenl netball selections, Christine IYeaT 111 being named io Ihp England U17 Netball squad. and Raf (Year 101 being seltcled lor tho Engl8nd U16 hockey sqvad. Success contsnued in aquatics. with IhÈ U12'13 Mixed Team qualifying for thÈ London Leagu& B-Final. rnulliple qualifiers for the London Region Winter Chafflpionships, afid Hayden ffeèr 91 ynd Veronique (Year 111 reaching the England Winter National Fina55. W6ter Polo teams rcsGhed natipnal and region&1 rounds a¢ros8 U15 and U16 level. Individual sporting achievements includeo viciofies ifi counly lencift9. squash. and dance ch8mpion5hips, along wilh strong repre5enlelion at the Brilish Downhill Ski Champion$hips in Wongen. Cro$s-c(>unlry 21hlo16s secu 9ua5ification lor natronal finals. and Luke (Year 91 and Olty (Year 121 earnèd selection for tha English Schools, tsam. The Lent and Sutnrner tertn5 brought furthèr milesi¢nÈs. National and Inlornalional sporting tours to Cardrff. Peris. nd the UAE provided invaluable development opportunities Hockey aehiev&menls included London Tier 1 b"Iles for the Girls U12A and Boys U11A, and a Kent Championship for the Boys U15A. Nelball 5USGesses InGluded 51rvng cour>ty and feslwal resuEts across U12 and U15 teams. Athletic5 and swimmltw perfotn7ances were parkncularfy Strong, with naik>nal finals #ppÈaranGèS and podium finish&s. Cricket saw a record-breaking season for Sebasti8n Lapena Murray. who scored 1.038 run8 &cros5 the 1st Xl 8nd U15A sides. Multiple Eounty lit4es were achieved in skiing,and fencing. USFC The Tnusical life ol the School was iich and v?ri8d. Michaelrnas term highlights Included the Year 7 ChartToppef5 ¢oneert, the annual Concerto Competition. two services of choral evensong, and five Christrnas Carol Serrfic8s. A niaslerclass al Tiinily College, Carnbridge and a lolnt evensong al Clare College provided valuAblè enrichmeni for the Chamber Choir. Large ensembles reached new heights al Ihe st Allege Folk Music Concert. and four ch?mber groups progiessed lo the n8tK)n41 serni-finals of the Pro Corda cotnpelition. Individual 5uc¢e$5 included a calegory victory at the London International Chopin Competition and a professional-qu8lity recording of The Lark Ascendsng, released on SlTeaming ?1[0$. The Lent lerm saw a landmark moment wlh the Schod's first ever oper8 production, Dido & Aeneas, perforrneLI entirely by 5tuden15. The flagship Choral & Orchestral Con¢eri ?1818ckhe3th Halls featured Dvo-rak's Sy¥Tiphony No. concerto perfom)ances charal solos of exptional quality. Further highlights Includèd the s$cond annual Young Musician gf the Yesr final. international chèmber MU1¢ victory. and exlensive ensemble an¢f 5ymmer performance5. Infr8Structure developments continue to strengthen musical provision, wth a major organ renovation cornpleted and the install&tion of new imac Sutes to enhance musi¢ technology leaching. Drarn The Orarna Department delivered a vibrant end ambilious progr&rnme. Productions included 8 I0r-nIght run of Chicago, a ShakÉspÈate Schtsols Festival tertomance of JultU5 Caesar. and joint WOFk with Music on L)ido & Aeneas. A cont8mpor8ry r8.Imagining ol The Comersy of Errors showcased senior ialeni, vmlle Years 7 and 8 produced energebc pertormances ot Treasure Island Students ie8ched region81 ad natK)nal finals of the ESU Shakespeare CotTrpÈlilion, and LAMDA regulis wefe exceplional, wilh 30 distinctions aiid 7 merits at Gracses . Five sludents were 5ucce55fully admltted lo the Naton&l Youth Theatre. Art and fhe Gerald Moore Galle The Gerald Moore G811ery hosl&d 8 wid8 rang8 of prof6ssiorh318nd student exhibitions. Induding Audit. NOW 2024. and Lorals. which 9ained Tratignal coverage in The firnes, The Guardkan, and ITV News. Sludenl-led exhibitions.
Ellham Cgllege Dir•ctors' Roport For The Yèar Ended 31 August 2025 including the Lower Sixth show ond Narla. provided plattorm8 for Create development, while outreach Inilialives were exponded to Inrlude Trew WDrkshop packages for local 5choo15. rultninating in a July exhibition. Summer tertn shows inGluded The Joy from Sharing and W3llg and Floors, marking new partnerships and expandin9 comrnunity engagpmÈnt. Other Three pupils qualified lor the Junior Mathematical Otympiad 2025, e8mlng two Distinctions and one met, emon51ralin9 the School's continued academic strength alongside its crealive endeavour5. TTI sandEx dlllon5 An e¥ten5we programtne of Irlps supported and enriched the curr1cJM throughout the year. Highlights induded visits to Berfin, Rome, CopenhagÈn. Holland. CERN in Geneva, and ski trlps lo Canada. Sprin9 8n6 surnmer Irips fealured Art in CDinbvall, DEAS in Wales. netball in Paris, cricket in Dubsi, Geography in Norway. Lower School residenlials in Spain 8nd Surrey. DofE pral¢e 2nd qualifying expeditions I(k plate across the UK, and charity partteT5hip3 continued 51ron9ly. in(0[g a lUrn vi5111o Buikwe in Uganda In support of Inlernational Need5 and GEM Foundation. Maiking the 80th aDnivetsary of Eric Liddell's passing, Sixth Form students were invited 1¢ W&ifang and TianllTr in China to participate in cultural event5 atTrd commemorative activities. Jvnlor School Etthom Coll8ge Junior School enjoyÈd a successful year, wlh atd8mlc st&ndard5 8nd pupil numbers rÈmaining high and sleathl PrOg$S mède towards meeting Qui stratÈgic aims. Academic legrnKig rem8ined slfon9 acr05S School, supported by an exlensive r8n98 of ¢1ubs and ellrichmenl opportunities offered before. during and afterthe school day. Our programme of trips and re5idenlialg enrichod18arning acr08s Ihg ckirriculum, offering pupils Valuable &xpeTrence8 beyorid the classroom and strengthening both independence and te8mwork. Community outrèach remain central lo school lif8. Pupils SUPPDrted Living Well (Bromleyl and 1nlemaiional N88ds, visited a Ioc81 residential ¢ar¢ home to share music Hnd Chrfstmas cards. and welcomed Nder family to lh8 school at our annual Grondparents, Afternoon. Eng3gEment in music was exptif)n2I with over two third$ of pupils leaming at le881 one Instrument and 13klng part in sn 8rray of ensembles and cho1rs. Many s81 formal music Fxams wilh excellent rfrsvlts. Opportunilès to p8rform were availa lo pupils aGf05S thÈ school, from year group drama produdions. 12rge scale rnusiG ¢ontÉrts and a regular programme of soloist recitals. In sport, pupi15 participated across teams and club5, with notable success in ho¢key. where our Under 11 Glrls 8nd Boys teams were London Regional Champion5. BlaGkheath Pre Blackheath Prop Ènjoyed a successful 2024-25 acadernic year. with a strong and stable pupil rdl 8nd ¢ollnu8d strong (Semand at key points of admission, particularfy Nursery and RetÈplion. The School made strong progEss ag8in81 its Stotegic Alms, wilh priorities identified in the arinual School Improvement Plaii achived. Careful review and forward pning ensure Ihal the School remaiTrs well positioned for its next phase of (levdopmenl, underpinned by a clear ¢ommiltnent to conlinuous improvem8nl. The gGadgrnSc framework 15 now well &mbedded. 5UPPOrted by Car progression maps 3nd strong coherence a¢ross subj&ct are8s. A key academic focu5 dviing the year was the expliut teaching olvocabulary. alongside lh9 further embedding ol tonsislenl, high-qualily practice b8tWe8n year groups. This l)as strengthened pupils. access lo t curriculum and supported impTOV8d oulcotli$5. Staff (levelopment rem¥in$ cenlral to the School's ethos. The introduction of a new appraisal programme ha$18d to rKher professional dialogue. ¢8r&r devdopment P8lhw8ys and in¢iea88d oppcrtunitiE5 for growih, while maintaining 12
Eltham College Directors, Report For The Year Ended 31 August 2025 a Strong emphasis on staff wellbeing. Ongoing Irainin9, leadership deVepment and speoidi$t 6UPPOrt. including in SEND. Gonlinue lo Strethen staff expertise acr the School. Pasloral care anot pupil wellbeing rernain key pnorities. The introdu¢lion ol Ihe'zones of Regulation. scheme atross the School has provided a consistent franiework lo support pupils In developing SellresU1atign. ernotional awareness and recognition of their own needg throughout the school day. This has bÈÈn ¢omplemenléd by a strong cL8ss teacher model and purp05eful Form Time. The Inirodutlion of IhÈ Comrnunily C¥6w hès furth8r enhanced pastoral provision, enabling older pupi to support younger children in KS1 with posiliwe play beh3viours and social interaction. The c0-curricur programme continue5 to Ihrive. wilh a wide range of Glubs. a¢tpitknes and 8par0Utsd care, alongside 8 Strong progratnme ol trips. performances 2nd sporfin9 fixiures. These oppcriunilie5 enrich pupils, experiences and supwrt the development of confidence. ¢Tealivity te8mwork beyond the da55room. Provision in the e3rly years remains a Slrength, wlh 3lFong outcomes refltctsng high-quality teaching ano effective use of contJnuou5 provision, indudiny ouldooi learning. Engagement with familses conbnues lo support P0511ive early learning experiencès and srnoolh tmnsilions. Sanior sthool transitions remain highly successful. sUPPOrted by Gloai guidanGe. Sliong communication wth farnilie$ and 6 Structured 8ppro8ch to prep8ratKJn. Finanal and operational planning Continues t¢) align tlosely with the School's strategic priorities. supportsng invesiment In facilities and resources. Funoraising att¢5 cominunily inilialive5 further 5tren9lhen piovi5i0n and partnership. PUBLIC BENEFIT- 2024125 In acwrdanGe with ils 5talu$ as a Registered Charity. the Trusiees. Boatd 15 tnindful of it$ obligations lo wovidtt puwic benefit ovar and above ils normal educalional seryices. We audit on an annual basis the public benefil provided by the s¢OIS. We eduGaled 1,460 children during 2024125 As a matt8r ol policy. we proviLle sccess lo our eLlucation to children from familigs who would Trot other¥¢ise be able ¢0 affoid the fees. In this year we provided firrancial help trj 40fj $tudenLs as follows.. Yr4 Yr5 Yr6 Yi7 Yr8 Yrg Yr10 Yr 11 L6 U6 2 bursaaes, O scholatships 1 bursaty. O scholarships 1 bu15ary. O hOlarshipS 10 buisaries, EO scholarships 5 bursaries, 44 scholarships 5 bur8arie5, SÈ scho18rship$ 5 bursaries, 49 schgiarsbips 3 bursaries. 51 scholarshi 3 bursaries, 57 scholarships 6 buarles. 46 $Ch4r$hIPS Thè Sthool'$ financial ¢oniribulion lowards Ih8sp fee remissions for the year was £2,817.146. £190.426 was Iransferred from our Restricted Funds based on donations 10 5UPPOrt bursary sludenls. Students In r8teipl of a scholarship may have béen aw8rded multiple schoi8rship types. Some pupils hold boih a means-iesled bursary and a schDlaTship, aftd WÈ dre aware thai in a signifiGanl number of in51Bnces the award Df a sGholar5hip has provide fin8ncial SUPPDrt which would olhewise have been iequired on a means lesled basis. The Eltham College Pathways Pro9ramme In May 2025. we launched our flagship Partner%hip Programme A specialist course to support talented childrèn with 11+ enlranL& assessTiiei)Ib 21 Indepe[idnI gratnFnai bchoD15 and piovide guidance to families considering burs8ry apphcations andlor sek¢live schools. 13
Eltham Coll•g• Dlreclors, Rwport For The Year Ended 31 August 2025 In year one. we engag¢d with three schods and supported 18 childrt. We offered four Salurd2y sesslons focused on key stage 2 mastery in M¥lh$ and English as well as enrichment sesslon for Art. Music. Drama and Science. To furth$r support leaming we fund8(J three monlhs online accoss to Alorn Leam lor 11 + prep. The programmÈwas v8ry well receNed with m8ny families con%dering gramTnaT an selectNe schools for the rrtt Ilm0. Other School Engagement Actlvtty We malntaln 51rono partnership$ wilh Ial state primary and secondary Schools, inclurfing our ongolng collaboration with Sl Thom8s More School. whose students we have supptirtèd through our Al course and with whotn we partnered fr>r a joint drdrna perfDmance al the Camd8n Fringe. We also GDntinue to woik c105ety with $¢hools such as Ertharn Hill. providing universlty admlssions test lutorlng and wider acadern enrichrnÈnl opportunities that slrenglhpn our shared commityrent to raising 35piratR)ns across Ihe communS¢y. Th8 Schogl's student-led Charitie5 CornryTittee$ r81sed over £19.000 for lo¢al, nalonal, and inl8r48tional charit]es, indudlng over £10,000 to 5UPWrt Ihe work of International Needs In euikwe, Uganda. as well a5 funding a teacher vist from Buikwe School as part of our CDmmitment to a rnutually beneflGial parlnership. Local Communlty Eng8gement and Usè tsf Facllltles ThE Seni?r School has a nationally recogni88d prograrn of CorDtnunlty Servl¢e and alryTht all Students take part In thls for 8 Portion ol Iheir lim& in the Sixth Form Thls involves co-operation wlh Primary and Nursery Schools, Speclal Scho, care oi nursing hornes, and communily or day care tefttres. Over 150 pupils in Year 9 and above look part in the tXJke of Edlnburoh Aw8rd Scheme. hvhlch includes volunteerfng a$ Dne of Its 8kmernt5. This invotV88 all pupils providiry extra help within the mrUnIty in activities Ihat range from assisting Scouts. Guides, Cubs and Brownies, to working in Chanly Shops. A number of sludents also volunteer within Ettham College. assisting in the library. as mentors to youngor students or helping run a co4urricular club_ ThÈsa activities help students understand society and the need5 tf tsthÉrs, refiecling the Eknam College constitution's cornmttment to V81ue othe as an Integral part of Ihgir Education. Ovr È812blished Teaching Insight Prograrnrne hosts undefgr3du8tes to gain a taste of teaching gs a t$er. They ttav8 Spent tiFne both in th8 Senior and Junior Schools in departments related to their degree courses. Ellham t5 8 pi¢nee¥ in running this kind of inilialwe for bhich the objectfve 18 to attract Ire young peoplo Snto t88ching from hlstorically under-represented ba¢kgrounds. The Senior and Junkyr schoo collecitd for foodbanks in MLttingham and Bromley, in addillon to book donations for ABC Book Club in support of tumi5hin9 librarie5 al loc1 state schoob and hosting an E1tham College studtrnt4ed ABC FestNal for six local stale primary schools in Juna. Many loGal schools continue to tnak8 use olthe Eri¢ Liddell Sport Cento. Beyond thc swirnming pool. the climbing w411 and 8POrt8 fields have b&en utilised for GCSE assessments and sports days, in addition to administering and hosting the BrOmY Primary SchooLs CnGkel Tournament in the $ummer term and sharing facili1&5 with the IDOI Grove Park Youlh Club during school holidays through our partnership with the ¢harity Sporting Way. We have a180 Irialled Ghallengfj 72, an ovemighl run raising fund$1£15001 delwered in partnership with Pewnal ee51 Foundation, raising funds to support after-school aihioti¢s provision at the Grove Park Youth Club. Moreover, we have made donatlDFES ol 5PDrts and music equipment lo local slate primary schcols 10 further support Iheir wumcular provision G•rald Moor• Gallèry The Gerald Mgorè Gallery outrearh programme engaged with students. tsn)illes and local partners across Soulhesst London from September 2024 lo August 2025. The Gallery (J)ntinued 115 flagship Art Ther8py and Wellbeing in Schools slr8nd wth Mottingham Big Loc81 Refocused, alongsi¢È frÈe pub11c workshop5 and schod-facing advity. During the 2024-25 school ye81, approximatdy 3,000 vigitors attended exhibitions. Olher aclivitW5 included.. Ihe combined pAvate view mpening the gallery ¢)n Thursday 12 S0Pt8mb8r 2Q24 for exhlbiuons by R9inis Li$Fnanis and JaU&llne Synnott. 14
Eltham College Directors, Report For The Year Ended 31 Augllst 2025 IhÈ NOW 2024 group exhibiiion opening on Thu1515ay 17 OGtober 2024. with the Gallery ¢oniinuing to offer free ltsurs and creative art workshops lo Pnmary and SeGondary S¢hools InspirÈd by ils Èxhibitions. free Crafternoon sessions for families thrtsughoul the yÈ8r". Salurday 26 October 2024 11..30-3..30pml, Salurday 14 December 202411.'30-3..30pml, Saturday 26th April 202511..304..30pml and Saturday 261h Juty 202S11..3 3.30pml. continued Art & Creativity in Schools and Art Therapy and Wellbeino in Schools WOTk supported by Mottingham Big Loc81 Refocused. providing wothshops, therapy sesston8 and CPD for leachers. Joy from Crealing & Sharin9 with Sl. Vincenl'5 Catholic Primary School Imotlinghaml, culminating in an Exhtr)ition at the gallery in July 2025, supporied by the Heather McKissack Charity IHMCKI. a large-5cale endangered anim81 puppet workshop for around 250 Year 8 Art & Desi9Tr 8ludenls al Ellharn Hill Schoo1. delivered digilally and in person. ert and creative workshops for adults during the sumtner term 2025, covering acrylic paint4ng. plein air painlin9. linocul printing 8nd life drawing work expenenct placements for students from slaie schDc>ls In Southeast London through Lewisham WEX and othpr partner Schools. oFFering Insight Into gallèry operations. develtspmenl of a new partnership wllh Museum ol Everyday le in Lewlsham, announced in July 2025. tw'ards è $¢hools.èng8ged exhibition in 2026. Eric Lldd811 Sports Centre Ellham College is the horne of the Eric Liddell Sports Cenlre, a public facility or¥inalty funded by the National Loliery *nd the London 8orouoh of Bromley. As of 31 Au9usI 2025. the centre repDrted.. 162 aGtNe 81I4nGlusive Tnembers 5.704 re9iStered guest us8rs for gym access, 5wirnrning. sludio classes. anot sports h811 activities such as battminlon and table tennis- an IncrÈssÈ of 772 from the previous year 213 aclive regislered members from Ihe Ellham College Family of Schools Istalf and lamily rnembersl 55 active registered pupik8 from the Eltham CL4lege Fatnily of Schools The centre otters membership concessions for. Individuals who are unemployed Familie5 receiving Universal Credit Adults ovèr 60 Full t1me students Armed Forces pÈrsonnel Emergency Serwic@s workers The pro9rammes delivered through the eenire have wider uimmunity Impact.. Swimming lessons ale d&livEie(t throughout the school yEar lo 10 local State and independent schools, With an estimated 6.488 visils recorded. The pool providts a viial s8rvicÈ for these sch()ols In Ihe lottal 4rea, many of which would Sliuggle 10 access È swmrning pool lo¢ally elsewhere The switnming pool is provioed Iree of charge on 8 weekly basis to the ShaMÉs ol Mottlngham. a disable swimming 8SSOCi81ion whose membels have 8Ghieved $uc¢e$3 in international Gompelilion$. The ETIC Liddell Swimming Acadernyte8ches over 720 children eachweek through group and private le05. 8chieving 91% octupancy across gll ability kvÈls. The academy is accredited 8s a Swim Eng18nd Certt ol Excellence. The centre hosts a we range of local sports clubs and disiri¢l $qu8d5. m¢luding Swimm1ng. Badminlon, Cricket. Martial Arts. Football. Hockey, Basketball, and Netball. A5 8 Royal Life Saving Society-registered training Centre. il delivers Ofoual regulated fitsl did and ¥escue qualificalions for iifegu¥rd¥ 8tyd teachers. The ¢8ntr8 also otters wÈ8kènd children's bSrthday partles, including Multi$POTL Footb811, anLI Swlmmlng Pool parties. 15
Eltham Collego -bireetors' Report Foi The Year Ended 31 Augusl 2025 Home to Communlty Sports Club5 Ettham CDllege is Ihe hcme of the Old Etthami8n5 Sports Clubs.. Junlor Rugby and Crickel seCtn$, as well as Blackhealh and Elthamians Hockey Club. The5È Partntrships permil many local children and adults lo participale tn hockey. ¢rick8t and rugby at all levels on the College Site. maft9 full use of Ihe excellent fsulikn'es outslde core $¢hiKI hours. 16
Ellham Coll¢ge DirectOfS' Report For Thè Year Ended 31 August 2025 STREAMLINED ENERGY At4D CARBON REPORTING Current UK b&sed annual 8n6rgy usage and associated annual greenhouse gas I"GHG°l emissn8 are reported pursuant lo the Cornpanies IDireclors' Report) and Limited Llabilily Partnerships (Energy and Carbon Rew)rtl Regulations 20181.lhe 2018 Re9ulations"I Ihal came into force 1st ApTrl 2019. In accorLlance with the 2018 Regulations. Ihe energy use and 8S50Giate(l GHG emissions afe for those assels owned 01 controlled willin the UK Oft as defined by the operational tonlrol boundary. This includes slaff housing, a junior 5clwl, senior school and Blackheath prep, al(g with School owned vehiGles and personal vehic$ utilised lor business mileage lfen 10 as.grey fleet"). Tha 8nnu81 r8porting p&rK)d is 1st S8p18mber ta 3181 August each year 8nd the eneigy aTrd csrbon 8missions arg aligned to ihis Perd. Th$ 2019 UK GovérnmÈnl En¥lronmÉntal Reporting Guidelings and the GHG Protocol Cofporaté Accounllng an# Reporting Standard IreY15ed edi) were followe(5. The 2025 L,K Govemment GHG Convefsion Faclors lor Company Reportiny were used In emission calculations as these relate to the majority of the rtporting period. Th& report has been reviewed indeperTrdently by Zener9i Limited Ilradin9 as Briai Consulting Engineets Litnitedl- Electlicty and 985 consumption were based on invoice records Where gaps in data were identified. the direct GDFnparison technUe has been applied as well as pro rata esiimalionq Mileage, fuEI ¢ard5 and fuel purchase reTripls were used to cakulèle ener9y and emissi0Th5 from fteeÉ vehicles and fuels used for grounds machlnary. with ¢onv&rsiofis to litrÈs b88Èd on avèrage fuel rates. The has been grey fleet Trported this perTod. Gross Gylorifjc values were used except for mileage eiiergy calculation& as per Government GHG Conve10 F8Ctors. The ¥mIssn$ a dlviderj into mandatory ernlssions according lo Ihe 2018 Regulations. then further divided into the direct cornbuslion of fuels and the operation ol lacililies (scope 11, inLlirect emissions from purchased e¢t[sC11Y (scope 21 and fuilher Indirect emissions thal occur as a consequere ¢f company aclivities but occur fiom sources not owned or ¢(>ntrolled by Ihe organi53tion IsropE 31. B Teakdown oleDer9y Consumption used to calculate emissions Ikwhl.. 2024125 2023124 Ener9y type Mantsato G88 Grounds fuel Pur¢h2sed elfr¢triuty from Ihe 9rid Transport fuel Total energy Imandaloryl 2.74t.649 88.607 1.397,832 29.581 4,237,669 2,663,456 53.818. 1.405.006 32.575" 4,154,8552- Note. liguFES mpy 091 sum dufj to roundin9 'Adjusted figtsrtrs lo &lion fts8lb to Gorr&GI en&oylyp& 'Figure adjusted for accuracy Breakdown of eml$slons associatfrd with th8 ¥eport*d enargy use ItCOitl'. Emission source Mandato Scope I Gas Grounds fuel Company OWDed yehCleS Scope 2 Purchased electri¢ity (locati-b85e0j Scope 3 Category 6.. Bu51ness Ir8vel19rey 1188tl Yotal gross emlssions Imandaitsryl 20Z4125 2023124 5016 16.7 487.1 13.9. 247.4 290.9 773.3 800.1". Nole.. figu$ Anay nol sum to rounding 'AdJusfod li9S lo ah911 ftsels lo ¢orrecl energytype 'Fi9ure adjusfed for o¢cur&¢y 17
Eltham College Dlroclors, Report For Th? Year Ended 31 Augu$t 2025 Intsn$(ty ratlo Intensity ratios andato emlsslon5 on Tonne3 of CO2e per pupil 2024125 2023124 0.535 0.567 The intensfty ratio is totsl gross emlsslons In melrfc tonne¥ C028 lrnandatory 8mis8ion51 ppr pupil, which Ts tho recommended ratio for the sector for consi51ency and Gornpatatslty. This metri¢ lateS tc UK operations only to align wllh the energy and emission repDrting boundary and is consld8rEd th8 most relevant to the schoDI's energy GOnSUTning actfvthes, wlth pupil nuTnbers based on the Autumn 2024 censu$. In Ihe repoTting period. September 2024_ August 2025, the School h8s taken the following energy eificiEncy aGbons.' The eXstang boilers s8rving the Science block were plaCe with tnodern. hIgh-effi¢n¢Y units. This upgrad8 Imploves h&aling performan(% and reduce5 Energy consumption through better ¢ombu$lion effi¢pency and advanced ctsntrd systems. The outdated boller In the chapel was replaced with a more effiuenl rnodel. The new 5yslem provi(le5 improved heal outpul while lowering fuel usage and a55uoated ¢arbon emissitsns. EneryYffient Vdler heaters were installed in the kilc*en areas lo replace older units. These he4ter5 are de$igned to minimise hèat loss and oplirnise eneTgy use. COntrting tts overall r8ductions in ga8 and elactridty consurnption. The new Science block underwent heating system enhancements and insulation irnprovem8nt5. These Tneasures redu heat loss. improv& Iherrnal coffllort, and ensure tho building opgrates with lower energy demand_ The school r8rnains comrnilted to reduong its Carbon footprint continues to kok out for new energy s4wng and funding opportunities going forward. 18
Eltham College Directors. Report For Tho Year Ended 31 August 2025 Finan¢ial Revlèw and Re$Èr¥es Policy The SGhwls' operaiing surplus was £1,870.337. Taking into Consideration reslricled and other funds th& t81 of net incoming resources before investrnÈnt gains as Shown in the Stament of Fin2ntial AciivlliÈ8 was a SUrS of £3,121,365. Note 15 to the a¢countS shows the assets and liabilities attributable to the iiarious funds by type 8nd also describés the various trusts of the Charity and summarisè8 the ye8r'& movèments on each fijnd. After transfers to and Irom feslricted ancj other funds the Gen8ral Reserv& Ithe 'Yre8 ieserwes I within Ihe Group's unreslricled funds al 31 Augusi 2025 total(5 £25.033.345 12024". £22.621,9931. The Board's policy is lo maintain and, where possibb. strÈngthÈn the Group's financial posibDn lo ensurt ongoing finanual rÈsiliÈnce in the fack of a thallenging politi¢31 and economic environmenl affecting the whole independent school &eetor and lo enable the continued development ol School facilitie5. Tangible fsxed assels are held for us8 by the Group. The Governors are unabl8 to 8stimal8 whether the current materkql value of these assets is materially dltterent from that shown in th¢ aoUnt$. Invtsstment Pollcy The 7rustees' invpslrnent PDwer5 are governed by the Articles of Association, which pem)it the Charly's funds to be invested in any security listed OTr the London Stock Exchang8. Grant-MakFng Poll¢y The Govemors, policy. in line wilh that of olh&r Independent Schools is to make these awards on the basis of the indbvidual's educational ability, subse¢l to the partKular conditions imposed by the donor where the award is OUÉ of reStrted funds. All scholarships 3nd other awards are subjeGt to annual rewew. Fundralslng 8nd Other Work Undertaken by the Development and C8reers oific The overarching purptrse of the Devek>pmenl Office 15 to offer suppcrt 8nd £ssislance to future, curr@ni. and former $iurlent8. In addition, we are working to support the Schools In r2ising funL15 foi infrastructu1 projecls - In 2025 the schotsl completed the phase of work to modernisÈ and redevÈlop the Scierice Centre. Overlhe I8s1 lour years, tyur efforts have been fottssed on &n Jaging. in a personal mannei. currenl p8rents, fDrmtrr parÈnls and lo secure substanb'al financial support to meet the need5 of the Colleg8 and Improve our publi¢ beTr&fil. The PlaTrs and Spaces c8mpaign launched In Fpbiu3ry 2022 with two cle8r goals. Fiisuy. to provide 100-110V. bursaries and secondly. to providè futlding for the refurbishrnent of science labs as part of Iho wider r£g8ner8tion and gro orlhe Ellhan College Sci8nce & Tèchnology Cenlre. In 2024, 8 decision was m8ée io explore the estsblishment of a Places and SpaGe5 Bursary Fund- effectively a Ihird 9081 of Ihe r4mpaign. The campaign involves engaging with potential major donors to tell our story, 1#Y Qui aSpiratn81 plans, and make requests for financial support. By the erKI 012025 £2.5 million had been 5ecure(S for establishment of the bursary fund. Durin9 the periDd Septernber 2024- Augus12025 12 major donotS proved £214.533 Iinclu(Jino Gift Aid). Regular giving brought in £104,489 over the same pBriod. constiluling 2.719 gifts from 333 donots. We also received £1 45m In restri¢t¢d don¥ton$ io Ihe new Bursary Fund from just six d¢noTs and ower the same period we received £675,943 in legacy oifts from 4 donors. Since the lègaty givinu campaign 18unched in April 2025, we havè re¢eived Six confirmed legacy pkdg8s. In 6(tililion to this. three reguLqr donors have increase(f their existing regular giving as well. The legacy campaign was al¥0 Ihe calalysl that led 10 engagement with an Old Ellh2m12n who has provid8d 8 9ift of £1 rnillion lobvaids the 8uisary Fund. Adminislraiion Stewardship pracbces for surrtrni donors are fvlly ernbedded and working well. Paymenl arr8noements are discussed with donors, gr8nl agrEemÈnls are drafted and signed by all parties. Fiiliire donations are caiefully ploiiÈd ofj Raiser'5 Ed9e lour CRMI aftd dtsnors receive timely updates and remin¢ers of donations due- 81 of this is con51£ntly check&d and képt up to d8te on sep8r8te SPf&8<tsheéts 8$ well. Another irnpor.ant aspe¢l ol our work involves en9a9ing wiui oui alumni and IosTing a 52Trse ol comrnuniiy bÈlween them, currentsludènts 2nd the Schoo]. In Ihis regard, our8lfort8 8fÈ unL%orpinned by ouronline plattorm, Ihe Elthamians Network. As well as enabling Sixth Fomi sludents and reGent 9raduales lo contact Okl Ellhèmians lo request advice and guidance about fulDfÈ sludy Qr career pathways, Ihe p12trorm also supports Dvr aMbIOU8 Lower Sixth Form Wark ExpÈriÈncÈ Progfamme. gengr31ing Innumerab opportunities across a wide rang6 of s&ciors. lfflportanlty. Ihe'willing lo help. Option allows mernbers lo signpost htrw they want to oet Iae, whith has facilitated excellent engagement ilh tho School. providing speakers for societies and other events, as well as the Scholaishlp Programtne. Our 19
Eltham Coll•ge Dlrectors. Report For The Year Ended 31 August 2025 Excellence Programrpe alsts ben8fits from a hioh levÈl of OE support. wlth many acting as rnent0 and mock intervier$ to thi)se apptying lo Oxbridge. Meditine, Den115try, VelpTinary S¢ience and Law. In 2025, we were £ble lo harne55 the power of our alumni neMork by organi5ing a progromme of 18lks fvr students ol all ages, delfvèred by Inspirational OES, fvom a variety of sectors gnd èt differenl stages of Iheir careei journey. Then in June. 50 m8Tnb6 of Ihe OE community gathered in S¢hool to parficipate in our inaugural Speed NÈfv40rking Event for Lower Slxth Fom stuoents. It vlas a remartable event. trom whh students derived a huge amounl cl benefit. and OES were genuinety appreaalwe of the opportunity to give something bétk lo Ihe School. Fin8ly, th8 new Cats Hub the Sixth Forrn Common Room provides the opportunity lo hr9hlight the caree¥ journey5 of $¢me of our more recent alumni Ihrough 8 s¢rle$ of 'My Career Journey. posters, and in so doing. offers inspir81ion to current sludenls as Ihey considerthey post 18 pathways. Overall. the Dèvdopment Tearn has play8d an important role in the provision of funds foi bursaries s¢ien¢¢, however there is rnuch to do lo ensure that Ihe Team can help 5UPPtsrt the goals cf th8 Schoofs and our focus on widaning public bonefil through continued finar)Cl assi418nce. Princlpal Rlsk¥ ènd Uncortalntle5 The Board has examined the principal areas of the three S¢hool$' operdlions and wnsld8rs the risks faGed In each of these arèas through regular révlew of the Rksk Registèr at Govemor5' meetings. There a thirteen key rI8ks for which the various mitigating action$ 8re kept under ieviÈw and UF8t regularty by the Senior Leadership Team. Nol rEcruknng the correct number of high c81iber $tud8nts of both genders Failure to rnaintain a hlgh level of arddemic standard5 Failure to maintain a vibrant ¢O-¢vnicular programm8 Failure to ocruil or retain hi9h quality staff Rising complexity and number of pastoral esses leads to welfare 18ilJrt andlor decllnè In r8putslon for pa5tool care Failure to achieve an IT architecture that enabl88 thè Schools to achleve acadfym succ8SS 7. A fflaior Heamh and Safely in¢Èrnt DCCU Fallure to rnaintain arnl adequalely develop the Schoob. pmiseS, ground$ and facilities whKh impacis on r8cruilrnent or the aailty of Ihe S¢hoDI to fvnclion Inadequ218 govemaDtÈ 10. The Group's finances fail to provide the needs or aspiration of the Scheo15 11. Failure to st8y ahead of, or PTepare for, risks in the wit*èr political and ¢conomic environrnpnt 12. Inspection failure 13. Unp18Trned or unexpected knss of CEO, Heads, Bursar or Cha¢rman Each of the mlligating is pLqnned into the annual budget. and responsibility for thè m199t1ng actions allotsted to a senior member ol staff. In the opinion of the Govemors. Eltham College has 851abllshed resouTC8S and review systems whieh. under normal con¢ilion8, should allow these risks lo be miligaled to an acceptable level in its day-ltrday oper8tions. Golng Con¢vm The Group has budgeted tts 8chleve a profrt in 2025126 and current pupil nvmbers ale slror9. Dnsoquenlly, the Gov8mor5 have x reasonable expectation that th8 School will have sufficlenl funds to continue lo rneèt lts118bilities as Ih8y fall due for the for8seeablÈ future and therefore have prepared the finanGial ststements on going concern b3si5. 20
Eltham College Directors. Report For The Year Ended 31 August 2025 Tru5tee5' Responsibilities in RelatiOE) *0 the Financial Statements The Truslges (who are also direGtors of Ellham College for tho purptr$es of ctrmpany18wl arè rèsponsible ftsr prèparing Ihe Trusle&s' Rtport and the finantial 8lalemenls in accordance vwith Spplicable kgw and United Kin9dom Accounting Stsnd8rds (United Kingdom Generaly Accepted Accounting Pr8Cticel. Company law rure$ the Trustees to prepare financial sta16ments for each financial year, which give 8 true and fair view of the stale ol affairs of the chari18ble comp3ny gnd of the incoming fesources and applitatK>n of resources, In¢luding Ihe in¢ome and expenditure. of Ihe charitabl& comp8ny forthe year. In preparing Ihese finanaal statèments, the Tiuslees are required to.. selecl 6uilable aGCDunling policies and tn apply thém consisienlly.. observe the methods and priTrGiples in the Charilies SORP", make judgements and ÈSlim8188 that arts reasort8bl& and prL¢dent'. slale whelher ¥ppli¢8ble UK A¢¢ounling Standards h8ve been followed. subject to any material departures disclosed and explained in the finana31 statements., prepare the zccounts on th• going concern basis unles8 11 is in8ppTopriale to presume thet the charitable company will continue in Dperatsorh. The Tw5tees are responsible for keepin9 adequate accountfll9 records that di5cltsse with a$Oable accuracy al any limÈ thè financial position of the charitabl& company and enable them to ensure that the financial stalÈmeniS comply with the Companies Act 2006. They are also responsib18 for safeguarding Ihe assets of the charitable company ar hence for taking asonable steps for the preVentn and detection of fraud and other IrregUlaties. In so far as tho Trustees are awsre.. there Is na rElevan£ audit infortnation of which the charitable company'5 auditor is unaware,. and the Trustees have taken 811 steps that they ought to have tsken to tnake thgmsefve5 aware of any relevant audrt infom)alion and lo esiablish Ih8t Ihe 8udiior Is tw&rè of thèl Inform&ton. This report has been prepared in accord?iice with the Statement of Recommendett Practice Accounllns and ReportiTrg Charities.. roved bv Ihe Btsèrd of GoveEnors on J March 2026 and signed oll its behalf by" P DOYLE Chair 21
Eltham College Independent Audltotrs Report to the Memb•Ts of Eltharn Collogo For The Year Ended 31 August 2025 Independent Audftorf5 RoPQrt to th• Members of Elthorn College Oplnlon We hav8 audlled Ihe fianal 5t8ttments ol Eltharn College IlhÈ'par8nt charitable company'l xndlts 8ubsldlarfes lthe'Greup'l for the yearended 31 Augusl 2025 which cotnprisp Ihtr Con801iéatÈd Slalftment of Financial A¢tNities. the Consolidated Surnmary Income and Expendituo Ac¢ottnt, the Group and Chaaty Balan Sheets, th8 Consolidated Slatement of Cash Flows and notes to the financyal ststernents. in¢luding a summary of 51gnificant a¢counting poliaes. The financial ieporting frarnework that has been &pplied in th8iT prepar*ion is applicable law and Kingdom Accounting Stsndards. including FinanGi81 Reporting Standard 11Y2 The Finantial Repon9 Slaftda applicable in the UK and Republic of IrelarKI IUni18d "ngdoM Generalty AGGept8d Accounting Practitsl. In our opiTritsn Ihe fin8ncial statsrn8nts.. give a true and fair vièw of the stale of tt)e Group 2nd p8rent charitable ¢tsmpany's affairs as at 31 August 2025, and of the Group's InMing resource5 appEcatton of rÈsourc88, including its Income and expenditu¥e. for the year then ended,. have been properly prepafyLI In 8¢cord8nca wth United ngdoM Generally Acceplod Ac¢ountirvJ Pr8clice', 8nd have been prepared in awordance vlith the reqUIrnents of Ihe Companles A¢t 2006. aas18 flir Oplnion We conducted our autlrfc in accordance wlth Inlem8tion81 Standard6 On Auditing IUKI IISA5 IUKI} and appllcable law. Our iesponsibililies under those Standards are furtherdescribed in the Auditorf5 responslbilthes for the audit of the fiTr8Dcial statÈmènts sectic of our rèport. We are independent of the charits>le camyany In accordance wrth the ethical requiremEnts that are relevant kn our audit of the finan¢ial stalements in Ihe UK, induding the FRC'5 Ethicsl Standard, and we have fulfilled ourDther ethical re&ponsibillties in accordan¢e with thesa rèquirements. We believe that the audil evidence we hav& oblained is sufficient and approprlate to provide a ba515 for our opinion. Con¢lu5ions Relatiri9 to Goln9 Conctm In aud1ting Ihe fiTranoal slalemenls. WE have concluded Ihal fhè Tiuslees. use of the going Concern b8s15 or accounting in the preparallon of the fiTranGial strtents k5 appropriate. Based on the work we have perforrned. WÈ have not Oentified any m81Èrial uncertairFlie5 relaiing to event¥ or conditions that, IndFiidually Dr¢olbcliv81y, may Cast 5ignificantdoubt Dn the charitable cornpanls ability to coTrlinue as a gn9 conTrrn foi a period of at loast rnonlhs from when the finan¢ial SE81em8nts ar8 aulhtirisèd for IS5U&. Our responsibilities an¢ the SPonSibl1111e& of the Trustees th respect to going Concern are desGribgd In th8 relevanl 5EGlion8 of Ihls report. Other Information The other information comprises the Fnformatlon inctuded in the Tru8tee5' annual roport. other Ih2n the finanaal statements and our auditor's report Ihereon. The Trustee5 are sponsible forthe other infollnalion ctyntalned withln the annuAI report. Our opinion on Ihe financial siaiemenls does nol cover th& other infortnation and, except to the ext&nl otherwise explicilly slate£l in our report, we do not 8xpress gny form of assuran¢e concluslon thereon. Our respDnsibility is lo read the other infoJrnation and. in doing $0, consider wheth8r th8 other infomialon is materially inconsisteDtvAlh the financial staletnents or our knowledge obtained in the course of IhE audit or oiherwse appe8r5 to be materially misslated M we identty 5Uth material inGpnsislencies or apparent material rni55tat8rnents. we are requlred to detertnine whether Ihis gives ri50 lo a rnalenal misstslemEnt in the finanGial siat8ments thernsèlv8s. If. based Dn the work we have perforrned, we concludÈ thai ihere is a rnalèrial misststemenl of this other informallon, we are required to report that fact. We have nothing lo por1 in regard. Oplnlons on Oiher Matters Prescribed by the Companles Act 2006 In our opinion. based on the work un¢Jertaken in Ihe couise of the audit. the Inlorrnalion gNèTr in th8 Trustees, repori Ilncorporating the dlrectors. report 8nd StrategiG Reportl fcr the financial yeai for %thich the fin8na81 stotemenls are ppared is consi5tsnt with the ffnandal st¥tementS,' 8nd the Trustees, report has been prepared In accordance with applicaNe legal reqUIrents. 22
Eltham Colle9e Indèpendént Auditor's Report to thè Mombèr$ of Eltham Collegè For Th6 Y•ar Ended 31 August 2025 Matters on Which we are Required to Report by Exceptio In the lightof Ihe knowledge and und8rs18nding of th8 Group and the pareftl charitablè company and its enviionment obtained In the covrsÈ of the audit. we hève not identified material mFS$talemÈnts in the Truslees, report. We have noubing to report In respect of the loll¢win9 matters in relation tts which Ihe Gompanies AGI 20Q6 require5 us lo report to you if, in our opinioTr'. ad6qU8te accounting records have not been kept, or returns adequ81e forour 8uJil have not been re¢epied from branches not visited by us.. or the financi8151atemenls are not in agreement wth the 8c¢ounling record8 and ieturns,. or certain disclosures of directors, remuneration specified by law ère not mad&". or we h2ve nol reGeived all Ihe infoimabon and explanations w8 require for our audit., or the Trustees were not entild lo prepar8 the financial statements in accordance with the sm211 tA)mpaniés' regime and take advantage of th8 Small Gompanies. exeTllPtIDfbs in preparing the directors, report and from the requlrement tc prepaie a strategic report. Re5ponsiblllties of Truste85 As e%pl8ined more fully in th¢ Trus1@es' respon5ibililies statement Set out on page 11, the Trustees (who art a180 IhE directors of the charitsble company for the purposes ol company18wl afe responsible for the preparallon of the financi21 statements and for being sa1151ieO that Utey give a true anrl fair view, and for su¢h Inl&mal control as Ihe Trustees determine Is n&cessary to enable the preparabon of financial sl8lerneThls th81 are free from material rn155taletnenl, whether due to fiaud or error. In preparing the financial statements, the Trustees are responsible for assessing Ihe grtsup an(J parenl charitable company's ability to contin a5 a going concern, disclosing, as applicable, mallers related lo goirng con¢em and usino tho going conr basis of accouniing unless th8 Trust&es either intend to liquioate the challtable MpanY or to cease operations. or have no reelistic 8iitrrn8livÈ bul tt dts so. Auditor's Re5PCpnslbi14ties for the Audlt of Ihe FiTran¢sal Statements Our obiecllves are obtain reasonablÈ assuran about whether the finanal &taiements as a whole arg free from materiÈl mis8lÈtemÈnt. whèiher to fraud or error. and lo Issue an audilorfs report Ihat indudey our opinion. Re850nable assurance is 8 high level of assurance bul Is not a guaranlee Ihal an audit conducted in Cordan¢ Wllh ISAS IUKI always delect a material misslatem8nt when 11 exl$ts. MssIalementS can arise from fraud or error and are tot)sidÈred material if. individualty or in Ihe aggregate. they could aSOnablY be e¥pecLed to influence the econorn decisions of users takén on the b8sis of Ihese financial sialemenl8. Irregularities. Includiny fraud, are ins18nce8 01 nonMpli2nce laws aTrd regulaknons. We cSe5ign prSdureS in liTre wilh our re5ponsibililieÈ. outlined above. to delecl m8terial misslalements In r8spect of Irreg3[116¥. including fraud. The spÈ¢ific procedures lof this eng8gemenl and the exlent io which these are cap8ble of dét&tting irrggularit4e5, including fr8vd, is detailed below., Reviewin9 the reports of any regulatory inspections cairied DUI In the year. Enquiry of managGm¢nt and those charged Mlh govern8n¢e around actual sr>d polontial litigabon and claims 8s well as adual. suspected and elleged fraud.. Revaewing minutes of meeliTrgs of those ch8rgeLS with governan¢e'. A5se5sing the exlenl of cDmpli8ncÈ with lh£ laws and regulations constder8d to havè a diied malerial elfecl on the financiÈl slaleFnenls or the opemlions of the tompany through enquiry and inspection., Revi&wing financial Étalemenl disclosures and 1ts81ing to 8UPPOrting documeTrt8tioD to 8ssess compllan¢e wilh applicable laws and reuul8lions-. PÈrforming audit work over the risk of managpinent bias and overfide of controls, induding le$ling of loumal entries and DtheradiusimEntsforappropri3teness. evaluating Ihe busine8s iaiionale o151gnific3F¥t tr8nsaclions outside the normal course of business and reviewin9 accountin9 estimates for indicators of polenli31 bias. Because of the inherent limi181ions of an audit, therè 15 a risk that we will nol delecl all irr8gularilies, intknding those leading lo a m81erial rtiisstatetnent in the financial statements 01 non<otnpliance with regulation. This rlsk increasès thé more th31 Gtrmpiiance with & law or regulatlDn 1$ rÈmove(I frvm the events and iranstclions iÈflectecl in the fin8nttial s18lemenls, 88 we will be less like.ly lo be¢on)e awvère of Instances of non-Gompliance. The risk is a150 greater regarding irregularilies o¢¢urring due to Iraud rather Ihan erioi, 3$ fraud Involves Intenb-onal concealment. forgery, Collusn, omisslon or missepreseniaiign. 23
Eftham Collogg Ind•pendent Auditorfs Report to the M¢mbgrs of Eltham ¢o11*9g For The Year Ended 31 August 2025 A furth8r dgsrription ol cur re5pon5iblilies is available on the Financial Reporiifig Coun¢il'$ website at.. http$."114W.frC.org.j0u-Work1AUdIvAu0i1-Jn-3SSUrancStandards-and-gUid8nGe1standards-8nUi¢J3nce-f0r -audTtorslAuditors-rÈsponSibililie5-for-auditlDe$criplion-of.auditgts-Spon8ibIli6s-fOT- audit.aspx. This de5Cp10Th fomis part ol our auditors feport. U$e ofour Roport This ptsrt Is made solely to thÈ Group and Charitable company s rnernbers, a5 a boty, in accordance with Chapter 3 ofPart 16 of the CompanlesAct 2006. Our audll wort been undertaken $0 that we mightstate lo the charitable Company's members those matters we are required to stste to them in an auditorfs report and for no other purpose. To the fullest extent pefmitted by law, we do notaccept orassum& responsibility lo anyot)e other than the charilablo ¢ompany and the ¢harilable cofftp3ny's members a5 8 body, for our audit WOTk, for this report. or fcr the opinions W8 have forrneo. John Howaid FCA (Senior Statutory Audltorl For and on behalf of Azets Audit SeNi¢8s Statutory Auditor 2nd Floor. Regis House 45 King William Stree1 Londo EC4R 9AN Date.. oft , io 24
Eltham Collèg• Consolidated Statement of Financial Activities For Th• Yoar Ended 31 August 2025 UnrFstri£ted Funds R¢$tri¢l¢d FLtnd$ Endtyw* Funds Total 2025 Total 2024 Note oth INCOME Incomts flom charltable activIe$. Sch(1 fets re¢&ivable Less.. 8ward5 Other eduCatnal incgme Other £n¢ill8ry tradin9 income 31,828.339 13.058.002> 255.635 1.628,323 31.828.339 29.660,896 13,248.4281 12.T58.2001 255.635 263.067 t,628,323 1,428.868 1190.4261 It5COtn6 from othèr tr8dln9 acllvlt50s'. FSSM Lld incomg 723.279 723,279 664.64 ltt¢omo from gontrratod funds.. Invesim8nl Incomtr Don8lN)ns and appeal receipts Rents and LetbDgs 628,368 12.154 11,2J12 1.015.559 53,414 412,365 705.178 1.427.924 165.380 413.IK>8 1,305.995 140,899 165.380 Total 31,448.043 735,433 83t,375 465,779 33.485,630 31,-119.174 EXPENDITURE Costs of rai$in9 funds.. Fund.rai5ing Fin3ncing costs FSSM Lld costs 78.450 746,303 208.430 286.880 746.303 554,781 216.957 509,993 501,662 554.781 824.753 554,781 208.430 1.587,964 1228,612 Cha¥itabl6 A¢tbviliets'. Schools and grant tnakin9 28.751.434 23.348 28.774,782 27,480.819 Pension scheme defiGil funding artangemenl 23 1,519 1,519 751 Total 29.ST7,706 5$4,7BI 231,778 30,364.205 28,708,456 NET INCOMINGIIOUTGOINGI RESOURCES 1.870,337 180.652 604,597 465.779 3,121,365 2,410,718 TBnsfeFs bet%veen funds 541,015 1202.3511 12e4.2071 154.4571 Investment g&insllk)sst$l 114.5351 13.8841 40,924 2,411,352 136,2341 316.506 411.322 3.101946 2.451.642 Nrr INCOMEIIDEFICITI 2.275.118 316,506 411,322 3,1ts2,546 2,451,642 Fund Ba18fhces al I Sepiembei 2024 22,E&S,953 53fj,672 1.032.559 24,258,184 21.8O6,$42 Fund Balances at 31 Augusl 2025 25.064.071 853,178 1,443,881 27.361,130 24,258,184 Th)tes on pages 29 10 46 forrn part ofthese financial 5tstements. 25
Eltham Colloge Balance Sheet5 A$ at 31 August 2025 Not•s Group S¢h¢)f+l$ 2025 2024 202S 2024 Flxed Bssets Intangible a$sÈt$ Tangible assels Invesknent assets 6,285 45,361.4f3 559,086 15.667 43,150,353 577,505 9.382 43.112.589 577,507 45,329,214 559,088 45,926,784 43.743.525 45,888.302 43,899,478 Current assets Stocks Debtiys Cash 2,592 10,751,519 14,262,577 2,592 1.992.566 17,725.658 10 10.767.515 14,231,494 1,g77,980 17,697,758 25.016,688 19.720.816 24.999.009 19,675.738 CredStors- Arnounts falllng due within one year 118,877,106) 112.918,5871 118.851.6711 112.898.422} Not Current as8etsllllabilltit$l 6.139.582 6.802.229 6.147.338 6,7f9,316 Total ¥$$els less CUTr•nt 52,066.36 50.545,754 52,035.640 50,478,794 Credltors: Amounts falllng due after more thari Dne year 12 124,703.2931 126.287.1461 124.703.2931 126.287.1461 Provlslons for liabilitle8 21 11,9431 14241 11.9431 14241 Net 8S58ts 27,361.130 24.258.184 27.330A04 24,191.224 Endowed fund# Isa 1.443.881 1,032,559 1,443,881 1.032.559 Re5trfrt•d funds 15b 853,178 536,672 853.178 536.672 Unre$trlct•d fut7ds Dgslgnated and general funds 15c 25,084,071 22.688.953 25.033.345 22,621.993 Totsl funds 15 27.361,130 24,258.184 27.330,404 24.191.224 Approved.ty thp Board of Ikvemor5 on 2$ March 20218nd signed on its b8hall by.. P. DOYLE A NEDEM The note$ on pages 29 to 46 fomi parl of these financlal stalementS. 28
Eltham College Consolidat¢d Cash Flow slatement For the Year Ended 31 Augkhst 2025 2025 2024 Ntyte$ Cash flows from operat5ng aGllvltlOS 17 11.975.552) 18.984,524 Cash flows from Inv8Sting activttie5: Inv8Stment inwme received Interest ¢eNed Interest paid Re8IItsGatrtS Including VAf COV&e3 on past fixed asset purchases Paym8nt for tangible fixad assets Payment for investments 76,810 628,368 {748.3031 49.512 363.496 (So9.3) 392.779 {4.330,6811 15,998.9871 125.1911 13,979,027) 16,121.1631 Net ¢a$h fl¢)w before financin9 activities 15,954,579) 12.863,361 Cash flow from financing 8Ctiviti88 New loans advanced Repan)ent of tA)riowing 18 3,473,750 1982.2521 1761.4051 Change In u$h and equlvèlonts In the year 19 13A63.0811 12.111,9 Casb and ca8h equiv81ents brought forward 17,725,658 5.613,702 Cash and ca6h oqulval¢nts tt 31 August 2025 19 14.262,577 17,725,658 The noks on pages 29 to 46 form part ol Ulese finan¢lal statements. 27
Eltham Coll•go Summary Income and Expendlture Account For the Year Ended 31 Augilst 2025 2025 2024 Gros8 charitable Income 33.4B5,630 31.119.174 charItab exFendilure 30.364.2S5 28,708.456 Net income for tho yter 3,121,38S 2,410,718 Not9$ Gr05s charitable Income is net of bursarfes. grants and ellow8n¢es and con8i%ls of the SGhool$' income of £31,448,043. restrict8d InMe of £836,375. other income of £735.433 and Endowed In¢om8 of £465.779. A detall&d analysis of income by source is providod in the Slalement Df FinancTral Aclivib'8S. Charltable expendilurÈ tonsists of the SohooLs' direct charitable expendilure and management and adminlstration lotalllng £28,752.953 plus cost5 of generatlng funds of £824.753 plus restricted lunds Bxpendrture of £554.781 plus oth8r 8XP8nditu of £231.n8, A d8tailed analysis of the expendthre is provtded ifi the SlateFneni Of Flnancial Activitie5 and note$ 4 anrf 5. Nel income 15 before Inveslrnent gains and Inler-fund transfers wnsisls of the Net Inming Resource5 Of the Unrestricted Funds (Schools and Olherl of £2,050,989, Restricted Funds of £604.S97 and Endowed inGtrme or £465,779. The Income and E¥pendilur8 Account Is ¢J8rived trorn the Stst8rnenl of Finanial Activities on page 25 whh together with tte$ to the financlal statements on p8ge5 29 to 46 provide5 the full infomiauon the movernenls during thtr yÈ8r on all the funds of the School. Gross tharilable incorne includes don8tions of £1,015,559 IresiActedl and £412,365 lÈndow801. Gros5 charitable expenditure includes £208.430 appOoned 5tGled development expenditur? (before transfets). In adrfition ID this th8 fundraising and publicity costs in the Schools include5 the development director'5 salary. The unfystri¢ted developmgnt res8rw8 at the year-end Stands at £nil 2ft8r transfers & appropriatsons12024.. £nill and the re$tricted £853.178 9tter transfers12024'. £420.6011. 2a
Eltham College Notes to the Financial s¢at¢ment$ For thè Year Ended 31 August 2025 ACCOUNTING POLICIES Tho Charity is a fe91ste ch1181$ Compat)y Iimile¢ by guarant88 in th6 ne KingLlom. The address of the registered offics k8 given in the ference and admtratIVe details. on paoe 3. Basi5 of PTeparatlon The financial slaletnenls of the charitable company. which a public b8nefit ents.ty under FRS 102. have been prepared in acGord8nc8 with th8 Charities SORP IFRS 1021 ACCOUting and Reporting by Charities.. Statement of Recommended Prdclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablÈ in England and Wales and the RÈpublic of Ireland IFRS 1D21 (effèctive 1 January 20151.. Financial Reporting Stsndard 102'Th8 Financial Reporbng siatFdard 2ppIicdblÈ in England and Wales and the Republic of Ire18nd' and the Componies Act 2006. financial staioments have been prepared on 8 going concern basis vnder the hi$toriG81 cost nventiOn. The financial statements are pr8pared in sl8rlin9 which is the lunclional currency of the chanlable company. Basis of consolidatio These fin8nci&l slalÈments consolidate the results of the Charity and its wholty owned 5ubstdiary FSSM Limited on a line by line basis In a¢¢ordance wlth FRS 102 Secuon 9 and the SORP IFRS1021 $8¢tiDn 24. Details ol the subsidiaries are given in note g of Ihe fin?Dci31 stafernent5. A sepaiale statement of fin8n¢ial È¢livili&s for the ¢hai'ilabl& tA)mp8ny has not been présented cause the charitsble company has taken advantage of the exemption afforded by Section 408 of the Companie5 Act 2006. The tharily prepare5 a C0Tr5Dlid8led G3shflow 51aletnents and has Iheref(ye iaken advantage of Ihe exemption conferred by FRS102 Section 1 not lo pr8pag8 8 eashfiow sl8lern8nl foi the Schools. The accounts include the results of the linked unincorpor8t8d thaf5ty'Ellham Coll8ge Ch8rily' ICh8rity number 1058438-11. Th$ uninLoiporated charity ¢onlinJes lo hold certain endowed funds induding the land on whic the College resides, not transferred io the ch8rilable company lollowing ils iniL>rpoiation in 1996. Going concern ThÈ Group has tiuL%9eled tts achieve a prtsfrt in 2025126 and current pupil nurnbers 3re strong. Con5equenlly. the Govemors have a re8son&ble 8xpeclalion that th8 Group wlll hav8 sufflcl8nl funds to continue lo m6È1 ils liabilitie5 as they fall due for the fofe59eable fulvre and therefore h8ve prepgred the finaneial 5tsternents on a going conc8rn basis. bl Intangible asset5 Inl8ngible assets are measureo al cost 8S aCCAJmulated 8mtsrtisatron and any Impairment knsses. Amortisation is charged, when imp8im)ent has ocwrred, $0 as lo allocate the cost Df Intangib9 less thelr residual value over their eslimaled vseful lives, using slraighl line method. The inlangible assets are amortised over the lollowin9 useful economic lives.. Goodwill - 10 years (when impairment ha5 (¢curredl. Goodwill relales to the acquisition of FSSM Limited, the Charity's Ir2ding subsidiary in Seplernber 2019. Yan91b Flxed As5¢ts School euildlngs and E4tslpment Th6 original S¢h0o, land and buildings are Earried at ori9inal cosl a5 the Direclor8 consioer il is not appropriate lo apply 8 modern value lo stAch property. The Group Is regponslble for keeping these properte5 in fit and useful condition and Iheso cosi8 are writieTr oft as incurred. Items costing kss £50Q are wtitt8n oft whèn the expendilure is incurred. Land held on 301h August 1996 Is held under PStyDanenl endo¥fflent ProviOns. 29
EEtham Collegè Notes to th• FinancSal Statements For tho Year Ended 31 August 2025 ACCOUNTING POLICIES- contlnuod Tanglble FlxtJ A$sets~eontinued D6pr8elatlon The freehold land èfKI builLllng wort in progress are not depClated. Depredatlon Is provlded on 811 Olh•r assets al rates calculatec5 to spread each asset's eost, less ils estimated residual Ylue al current martlet prlces. evenly over its expeded useful economic life, which for eaGh cla55 of assets is imit%8lly assessed at averaging.. Leas8hold Land Builck'ngs Improvements and r8fufblshmenls Computer egulprnent Other equipTnenl Motor vehicles Over the period ol the lease, lo a maximum of 50 year5 20- 50 years 3. 20 years 3 years 5-10 year5 4 years Investmtnts Inve51fflents are v81ued in the b818ntÈ 8he8t 81 their market value at the b818n( sheet datè. Inve?lrnents In subsldiaries are aGcJunied for at Cost less trnpalrtnent in FidldUtI finandal staternents. Sto¢k Stock is valuetl at the lower of cos1 and nel rÈallsabl8 value. Cash at b4nk and in hand Gasb at bank and in band are short-lem. highly Ilquld lrnvestmenls Ihat aTg Teadity Convertib to amounts ol cash that are subject to on in$iunfficanl rfsk of thanges in value ¥} Debtors and credit¢*rs re¢elvabl8lpayable within one year Debtors and (xeditors wilh no stated interest r8te 8fKI reteivable or repayable withln one year are recorded at Ir2nsaclion pricp. Any losses arising froTn impaiment are recognised in expendtture. h) Feos and similar Income FEes rec&iv8ble 8nd charges for service5 and of prl$eS are accovnted for in th8 p8rlod in whith th service is provided. Fee5 receivable are Staled after deducilng 811owances. sthdarships 8nd olhgr remisslons granled by the School. bul include contssbulons received from resliicled lunds for soholarshlps, bursarie5 and olhergrants. Fee5 re¢eNed for educatiot? to be prtsvided In lulure years are oirierl forward a5 deferred intome. FSSM in¢otp.e refers lo the wenue eamed from the Company's principtl attiv4ty. the provisirtn of sports and lelsure actiwtie5 and servlces. and is rKognisÈd in the period In which lh6 servic8 is prowded. Mernbership incorne latIng lo future pÈriods Is Carri forward as delerred income within cr801tors. The fevenut shown in the slatsment ef comprÈh8nsfv8 income represents amounts Invred durlng the year. Exclusiv8 ofvalue Added Tax. DonatFons DonatThs received lor the general purposes Df the Schoob arè credited to voluniary income. Don¥Jons subject to sp8clfic wshes of thè donors are carried lo rev$nt restritted lund3 or lo endowed funds where the amount Is requir&11o be held as rManent (apital. 30
Eltham College Notes to Ihe Financial Statements For Ihè Yèar Ended 31 August 2025 Expondilurtr Expendiluie is allocalEd l) fundional headings eithèr on 8 direct co&1 ba8is or apportioned sccordingly. Th8 irrecover8ble element of VAT is inGluded with the item of cxpensc to whi¢h il r&lates. Suppli8s of books, expenditure sundry Equipment are written off when the expenditure 15 incurred. Support cos15 are Ih05e that 8$sist the work of the thanty but do not directly repr8senl th8rilab activitie5 and include offite costs, gDvern8nce cosis. and adMintratIVe payroll costs. They are incurred directty in Suppori of expendiiuie on the ObGIS of th9 Charity. .hre suppori costs cannot b8 directly 8tlributed io parti¢ular headings they have been allocated to cost of r81sing funds and expenditure on charitable activities on a ba55S C0Th51Stent with use ol Ihe resource. Governance costs include those incurred li the govemance ol the charitable ctsmpany and are primarily a550cialed wilh constilJlional an(t slalulory requirements. kl Operaling leases RÈ•lals paytble under operating leases are char9èd to th& Ststemenl of Financi81 A¢livitiÈs on 8 Straight4ine basis over Ine 5ease terrn. Pension $¢hemes The Group conlribules lo tho Teachers. Pension Defined B8nefils SchemÈ. This scheme is a mulli-empFoyer pension Scheme. 1115 not possible lo identify the College's sh8fe of the undertying 858etS 8nd li8bililies of the Teachers, Pension Scheme on a consislenl and reasonable bèsis and therefore. as rÈquirÈd by FRS102, accounts for the sthom& as if ri were 8 dèfined contribution schetne, The Collegfy's tribu(SOs. whioh are n 8¢¢ordan¢e wilh Ihe recommendatn5 of the Govèrnment Actuary. are charged in Ihe p6riDd in wtti¢h the 8818ries ID which they tylate are pèyable. Tlie Group also contribules to personal pension schemes for non-teaching Staff 8Trd te8ching staff who have opted Into Ihis pension r?ther than the Teachers. Pension Scheme. Pension contnbutions are charge(I to the Statement ol Financi81 Activities in the year in which Ihey lam ¢Jue. Fund aGcounting Unreslricled funds compnse Ihose lund5 which he Governors Tnay use in the lurtherance of thè object$ of Uie Sthotrls. Designaied fund5 8re unie51ricled fijnds sel asid& by th8 Governors for specific lutuie purposes or objects. Restricted funds consist ol fvnds that can only be os&d for parti¢ular re51ricled PUTPDses within tha objects of the tharity Reslricbons Hri5e when specrfi£d by Ihe donor or when funds are taised for parlicylar restricted purposes. Income and expenditure fetated lo sch(Jol projects productions are dassified as recharges Father than restricted funds. Pefmanent endowment funds represent assets which musl be he permanently by the Gharity. Income arising on IhÈse funds may be used for gen8ral purposes. Hltg pJt¢hasÈ Asset5 obtained under hi',e purchase ¢onlr8ttts and finance le85es are capilatised as lanoible assets and depreated trver the shorter of the lease term atid tlieir useful liv&s. Oblitsalion¥ undÈr such agreements are includèd in credilofs nel of the finance ch81ge allocated to fuiure periods. The liiTrance element ol the renla paytnent is charged to the prof i and loss account on a straighl-line basis. Judg¢ments attd Uncertalnty A¢tounling eslimales and judgements ère continually evaluated and are based on hlslorlGal expèrience and other factors, IncSUdftg expectaliDllS of future evonls that are believed lo be re8sonabl8 undèr the ¢ircutnslanGes. The charitable company makes estimates and 8ssumplions roncerning the luture. The re5ulliTrg 8ccounling eslitnales and assumptions will, by definition. seldorn equal the related actu81 results. The eslim8lvs and assiimplians that have ? significani risk of causing a material 8djustrnent to the cairying amounls of asséis anol liabilities Within Ihe next financial yèar ère dI5Gussed below. UsÈfuleconomiG lives oltangiblè assels The annual depieo3tion charge for tangible 8ssel$ is s•nsitive to changes in the Èslimated useful economit lives 3nd r8sidual value$ of the assets. The useful economic lives and residual valu&s are rea5ses5ed annually. They are amended vthen ne¢e5sary to rellecl current estimales, based on technoltal 31
Eltham Collego Notes to thè Financlal Statements For Ihp Yoar End 31 August 2025 sOYan¢ement. future Inveslrnen15, 8conotnic uliltsation and the physical condition of the 8$sets. See note 7 for the ¢8rrying 8rn0unl of the property, plant and equtpmenl and note 1 'tsngible fixed assets. for the u5elul econornic live$ for Èach class of •ssets. Defined benefitpensin $¢l)eme The presentvalue olthe defined benefft pension deffcil contributlons payab d8pends on a number of fa¢tor3 Ihal arg delertnined on an actuarial basi$ v$ing a variety of assumpttons, Th& assumption5 Used in detom)Inlng th8 future recovery plan contribution5 due indudE the dlscount rate. Any changes in thes8 8ssuniption5. vlhlch a d'sck)sed in note 21. wll irnpacl the ¢arrying amount of the pension liabilty. Furthern)ore, a roll fOard approach whlch projects resvlts froffi the latest full attuarlal Vdlua.0Tr has been used by the actuary ln valuing tho pÈnslon liabiltiy. Any dillerences belween Ihe figures dtrrivÈd frTrm lh8 r(Al forward approach 8nd a full actuarial valuation would knpa¢t on th8 carrying arneunt of the perTrsion liability. Bad debt provlslon The value of trade debtot5 is sensIve io the r8coverabillty In full of school fees. Once a debt become5 OV8rdu8, It 15 ch8setl and p&rh?dically reviewed to ensure it is recoverable In lull. If 8 prov15ion i% deemed nece55ary. thls 1$ included on an annual basis. SCHOOL FEES 2025 2024 The Schools fee Income c¢ynpds8d.. Gro55 fees Less.. Total bursaries. 9rants and allowan¢es 31.828.339 13,248.4281 29,660.896 12,758.2001 28,579,911 26.902.696 The above educatlonal awards wero made io 385 individual$12024.' 3891. OTHER INCOME 2026 2024 Other edu¢atlonal charltabltr actlvlt105 Exam Fees Entran¢e 8nd registmtion fees 150.838 104.799 124,634 738.433 255,635 263.067 Other an¢illary actlvltlos Schocl meals Scheol buses Other 980,668 647.139 516 878.098 550.763 1.628,323 1,428,868 32
Eltham College Notes to th¢ Finan¢ial Stat•mÈnts For the Year Ended 31 August 2025 EXPENDITURE 2025 2024 Gov*rnance expendUre ineludes= Auditors, remunerallon.. For audit seNi¢es For other 5erw¢es 64.000 6.140 38.550 2,590 Total staff costs comprF5ed- Wag8s and salarias Soual security cosls Pension Contribubons 15,893.972 1,886.900 2.365,742 15,194.861 1.612,797 2,338,782 20.146.614 19,146,440 In £ddition, there were staff c051s of £453,59612024.. £419,535) Incurred by Ihe trading subgidiary included within FSSM Limiled costs In the Stslemenl ol Finanri81 Activities. The average number ol e¥nployee5 in Iht yeèr was.. Numbet Numbèr Academic Admini$tralion Olhor 237 90 62 247 74 389 381 Neither the Governtrrs nor petsons connècted wrth tham rE1¥ed 8ny remuneration from the School during the year. The number of empknyees whose emoluments exceeded £60,000 were. £eo.001 _£70,000 £70,001 . £8Q,000 £80.001 . £90.000 £90,001 - £100,000 £100.001 - £110.0 £110.001 . £120.0 £120,001 - £130,000 £140,001 £150,000 £150.001 . £160,000 £160.001 _ E170.000 £280,001- £290,000 £320,001 _ £330,000 40 28 39 23 10 The 8bov8 8mdumEnts gxclude employer pension contributions and eM9Yer National InsllraA¢6 tontiibution 05ts. £40.000 inclvded within the pay of the highest paid eployee was in lieu of an eMPyer'S pension contribution. Pension contribution8 totalling t1,137.(OI2024.. £1,042,712> were rn8d8 to the pension s¢Memes ITeecher5 Pensions and Royal London) In respeth of these hi9her paid etnployees. 33
Elthan7 Collgg• -Notes to the Financial Statèmènts For the Yèar Endèd 31 August 2025 ANALYSIS OF TOTAL RESOURCES ÈXPENDED stJff ¢osts (note 4} Oiher Dopreclatlon Total 2024 osts ol ralslng fvnds: Fund481sing Finance costs TradiTrg costs of subsl<liary 252,419 34.481 746,303 554.781 288.880 748.303 554,781 216.967 509,993 501,662 252,419 1,335,545 1.587.964 1.228.612 Charltable actlvttles- Teaching C0515 WeKote Prernise8 Supwrt ra)sts 15.613,339 103.134 1,476.778 2.681.444 1.000.189 1,603.822 1.924.509 2,574,228 18.613.528 16,588,317 1.706,956 1.508.536 5,122,564 4.307.125 5.255,672 4.954,011 1,721.277 School's operatlng costs 19.874.695 7,102,748 1,721,277 28.698.720 27.357,989 Cfanls Awards and prizes Govem8nce costs 19.500 56,562 76,062 122.830 Total 19,894,195 7.159.310 1,721,277 28,774,782 27.480.819 Pension s¢h8me defiut arrangernent 1,519 1,519 19751 Total expgndlturo 20,146,614 8,496,374 1,721.277 30,364,265 28,708,456 TRANSFERS Wrthin unrestricted funds. a toial of £202,351 12024. £319.1581 wa5 tran$feyred to general r•sèrvo fmm desigoaled unreslrlct8d funds. Ineome totslling £54,457 12024. [6541 received on our endowÉd funds was Iranslerred lo reslricled fvnd$ 12024 to geTreral reserve. A tolal of £338.664 12024.. £5,095) was transferred lo general reserve from restricted (seè note 15bl lo cover expenditure incurred for purpos8 of the funds. Transfers were wrthin th8 terrns of the original gift5 Whe rÈlevanl. 34
Eltham Collègè Nolgs to the Financial Slalements For the Year Endèd 31 ALtgust 2025 INTANGIBLE ASSETS Group Cost Al start ol year Acquisilion 53,183 Al eThd ol year 53,183 AM0$8119n At Stari of year Charge for the year 37,516 9.382 Al end of year 46,898 Nèt book valuè 6,285 Schoo Cost At start of year quisition 46,898 At end of year 46,898 Amortlsatlon At start of year Charge for the year 37,516 9,382 Al end of year 46,898 N•t book valuo Intangible assets ielate to websile devebpmenl cosls amortised ovei 5 years and goodwill. Goocjwill (Group onlyl rektes lo the acquisition ol FSSM Limiltrd. the Charily's tradin9 subsidiary, in Seplembef 2019. The walue of yODdwill was dÈèmÈd to remain 5tatr duiing the year 8$ the nel 855els of the subsidiary exceed Ihe v81ue of the goodwill and the subslary is forec8sI lo trade profitably. 35
Eltham C¢ll•g• Motes to Ihe Financi•l Statèments For the Year Ended 31 August 2025 TANGIBLE FIXED ASSETS Freehold Land and Bulldings Furnituro and Equipme#t Leasehold Land Mtstor V¢hlcles Total GROUP Cost At 1 SgpteTnb8r 2024 Additions Rec1455th¢atSon8 56.248,4Q8 4,071.797 1288.4381 825,000 6,352,456 245,323 1104,3411 31.506 13.561 63.457.370 4,330,681 1392.7791 At 31 August 2025 60,031.767 B25.000 6.493,438 45,067 67.395,272 oopreclatlon AI 1 SBPtetnber 2024 Ch8rgÈ for yea¥ Di$posal8 & write off5 14,620.648 1,367,262 353,375 18.500 5,301.488 341.102 31,508 1.978 20,307.Of7 1,726,842 At 31 Auyus12025 15.987.910 369.875 5.642.59D 33,484 22,033.859 Net book values At 31 August 2025 44,043.857 455.125 850.848 11,583 45,361.413 At 31 August 2024 41,627,760 471,625 1.050.968 43,150,353 SCHOOLS Cotst Al 1 Septernber 2024 Additions Disposa15 56.248,406 4.071.797 1288,4381 825.000 6,224,758 245,323 1104.3411 31,506 13.561 63,329.672 4,330,681 1392,7791 Al 31 August 2025 60.031,767 825.000 6,365.740 45,067 67,267,574 Depreclatlon Al 1 September 2024 Chargè foi ye8r Disposals 14,620.648 1.367.262 353,375 16.500 5.211,554 335.537 31.506 1,978 20,217.083 1.721,277 Al 31 August 2025 15,987.910 369.875 5.547.091 33.484 21.938.360 Net l)ook vèlues Al 31 Augusl 2025 44,943.857 455,125 818,649 11,583 45.329,214 At 31 August 2024 41,627.760 471,625 1.013,204 43,112,589 As de$crib8d in note 1a, the freehold land hell as 213Dth August 1996 In the previous Eltham College Charlty ntinue5 to bÈ h81d in that linked Charity 85 pemanent endowrnÈnt. This land which Is subject to Testrictions over ils use Is valued in these accounts at a nornnal cost of £1 36
Eltham Colleg¢ Notes to tho Flnan¢ial Statements For the Year Ended 31 August 2025 INVESTMENTS Vnrestrlcted D95ignated Restricted Total Balance al I Seplember 2024 Isharesl Additions Increase in market vae 45B,267 25.191 32,361 119,238 577,505 25,191 40,924 8.563 Balanc8 at 31 August 2025 (Group) Shares in subsilliary 4S3.267 119.236 577.505 Balanc8 at 31 August 2D25 (School) 458,269 119,23$ 577.507 Nel Income from the subsidiary trading activltles FSSM Limited is a IOO'h subsidi8ry ¢ompany nuwnber 03113910 whose regisleied office ts Eltham College, Glove Park Road, mottingha, London SE9 4aF. The company was acquired for £2 on 1 Sopiember 2019. Duiin9 the year il was the sole trading subsidiary with the principal activitie8 of thE provision of$portg and leisufe actsVltie5 and seNices. The results for Ihis subsidiary wer8 as follows.. Profit and Itss8 account 2025 Ttjrnover Cost of sale5 723,280 121,6001 Gr05s profit Administrative and othèr expÈn5es 701.680 1533,1811 Net profit (before Gift Aid) 168,499 Nel assets as ai 31 Augusi 2025 24.441 FSSM Limited was entitled to Èxempknon frDm audit under section 479A of the Companies Act 2006 relating to subsidiary corfipanies. The ChBrily h8s guaranleed all oulslanding liabililies lo which the subsidiary company was subject a131 August 2025 until they are satssfRd in full.. aFKI this guarantee is enforcc8blÈ aga1Tr5t the parent undertaking by any PÈfson to whom the subsidiary is Ii8P)le in respect of Ihos8118bllibes. 10. DEBTORS Group Schtsols 2025 2024 2025 2024 Du8 Wlthln one yÈar'. School fees Tr8de deblors Sundry debtois Inter-colnpany detrtor VAT Piepaytnents Accrued income 8.707.629 110.791 6.625 267.378 8.707,629 110.791 292,217 292.215 12,866 408.827 1.249.841 96.137 267,376 389,673 1.253.749 108.251 1.454,293 153,479 1.450.492 149,321 10.7S1,519 1.992,S66 10.767.515 1,977,580 The In¢reè$e In fee (Jeblol and deferr80 Income 88 at 31SI August 2025 reflects MIBhadtnas term 202512026 invoiong followng the introdu¢iion of VAT on school fee5. 37
Eltham College Notes to thg Financlal Statement$ For tho Yèar Ended 31 August 2025 CREDITORS.. Amount8 falllng within OTFe year Group Schools 2025 2024 2025 2024 Bank loans and overdratt (note 131 Foes recglved In advan¢s AdvanGe fee payments under contract Inole 141 other creditors Inter-company creditor Soci81 security & other taxes Ac¢ruals Deferred incomè Fee deptssits 1,034.797 2,392,878 747,876 2,878,007 1,034.797 2.392,B78 747,878 2.878.007 3,607,718 1,352,929 8.257.647 1,055.749 3,607,718 1,349,139 6,257,647 1.051,744 11,915 408,661 282,031 565,791 692,750 427,637 293,424 9.147.145 620,578 430,126 574.401 282.031 892.750 422.377 287.e74 9.136.510 620.578 18,877.106 12,918.$67 18,851,671 12,896,422 Deferred income balances brought forward on 1¥ September 2025 were fulty released In the current year. C105in9 balances 8t 31Èt Augus12025 represent inGome deferred from th£ current year. The increase in fe& debtor8nd deferred Income as al 315tAugusl 2025 reftecls Mid)aelmas lerm 202512026 Invoicin9 following the introdu¢tion of VAT on SGhool fèes. 12. CREDITORS= Amounts f811Sng due affter rnore than on8 year 2025 2024 Group and Schools 8dnk loans (note 131 Fee deposll8 AdvanGe fee payments under contract (note 141 15.269,325 2.211,338 7.222,830 13,064.748 2,280,238 10,942.160 24,703,293 26.287.146 13. FINANCIAL INSTrUMENTS 2025 2024 Grovp and S¢hools Tht bank loants dnd overdralt are rep4y•ble by Instalrn•Mts'. BetW8En One and tswo years Bank loan 1,082,382 764,191 Betweèn tsvo and ffve years B8nk loan 3,S22,042 2,482.962 Due after rnor• ihan flvo yvars Bank198n 10,664.901 9.817.595 15.269.325 13.064,748 Due within One yèar Bank loan & overdraft 1.034,797 747.878 Tot81 borrowing5 16,304,122 13,812,624 Financlal Sn$lnJment5. measured at amortls8d cost. comprfse the loan financing provid8d by Lloyds Bank plc. Three loan agreemènts have b8en entered inlo With Lloydg 8ank plc. Loan 1. foT£2.6rn. wa$ ¢rawn down In full on 5 Jung 2017. This lo$n is repayable overtwenty yèars and inter8$1 is payable at a fixed rate of 3.495%. The balance outstanding as al 31 August 2025 was £1.750.979 12024.. £1,868,448). 38
Eltham College Not¢s to the Financial Statements For thè Year Ended 31 August 2025 Loan 2, for £12.138m. bec8me fulty drawn LlowD on 24 A9$t 2020. £6rn was fixed at a rale of 3.640% frorri September 2018 and re-fixed 812 rale of4 556Y. for len years from 29 August 2024. Repayments commenced February 2019. with the final Fepayrnent Fobruary 2039. £6.138m w8s fixed at a r?te of 2.6740/* from 28 August 2020 and re-lixed 81 a fate of 3.4360A for Iwi yews from 29 August 2024. RepaymÈnis ctsmm8nced SèplÈmber 2020, with the final repaymenl January 2039. On the expiry of the hxed rate terms the interest will be v8riable at 2.05% over base tsie The balan¢e oul$iandlng È131 Auou312025 w8$ £ 9.246.36712024.. £9.772,9791. Loan 3 for £2.707m w8s drawn down 19lh August 2022 and fixed al a rate of 5.110°/&, With the final repaymeni In January 2039. The balanGe ouislanding as al 31 August 2025 was £2.152,45612024. £2.261,7771. Loan 4 foi t3.500m w28 dra¥M) down on 23rd Seplember 2024 and on October 2024 wgs fixed al a rale of .560. with the final repayrnent in September 2034. The balane& outstanding as al 31 Auoijst 2025 wa8 £3.264,470. The borrowngs are secured by way of a frxed charge and debentuie tsvei Ihe S¢hocAs' land anil bulldin9S. 14. ADVANCE FEE PRE.PAYMENTS UNDERCONTRA¢Y Parents may enter Inlo a conlracl lo pr&p8y lo IhÈ School up to the equiv8lÈnl of eleven ye8rs' luilion 8dvan¢e, subject lo current tpitn5 and CDndilion5. Assuming pupils will iernèiii in the School. advance fees will be app119d as follows: 2025 2024 Grovp and Schools AftÈr 5 years Within 2 10 5 years Wilhin 1 10 2 years 2,473,470 3.603,186 1,145,974 2.002.223 5.347.893 3.592,044 7,222,630 3.607.718 10.942.160 6.257.647 Wthin t year IQ,830,348 1Y,199,807 The balance represents the accrued 1Sabllity under the ntraC1. The movements durfrpJ Ihe year were.. Balance al 1 SeptornbBr 2024 New 17,1%.807 3.376.882 14.866.622 17,199.807 18,243,504 Amounts utill$¢d in payment of fè¢$ 16,369.4591 11.043.897) Balance at 31 August 2025 10,830,348 17.199,8Q7
Eltham College Notes to th• Flnanclal Statements For the Year Ended 31 August 2025 15. ALLOCATION OF THE CHARITY NET ASSETS The net assets a held for the various fvnd5 a5 follow5.. Tangible Flxtd A559ts Investments & Goodwlll Net Current Assets Long Terrn LlabllStles Group Total Enflowed fund$ Re$trid&d fund$ Unrestricted funds 1,443,880 737.824 3,957,878 1.443.881 853.178 25.064.071 115.354 450,017 45,361.412 124,705,238) 45.361,413 565,371 6,139,682 124,705,236) 27.361.130 Schools Endowed fund R&stncted fiJnds Unreslri¢led funds 1,443,880 737,824 3.965,635 1.443,881 853,1T8 25.033.345 115.354 443.734 45,329,212 124.705.2361 45.329,213 559,008 6,147,339 124.705,2361 27.330A04 15•. ENDOWED FUNDS Balancè 31 August 2025 1 September 2024 IneDmTng Flesour¢95 Resources Expended Transfers Other Endowed Funds 1,023.208 465.765 154.4571 1,434,516 Prize Trus1 Fund 7.203 11 7,214 ECPA INevi11e Woodl Leawng Trust 2,148 2.151 1,032.559 465,779 154.4571 1,443,881 The above endowe funds includp amounts Invested in the orrgiftal EllhÈm College Charity (Charity number 1058438-11 irKlu(Sed wrthin the Schools. aGGounts. Othe¥ Endow8d Fund$ Ipreviously c8lled 5chol4rships and bu288) include the ¢oprtal element of the PIA¢es & Spaces 8ursary Fun(S, Morton Paton Memorial. Edwin Unwin bursary. Eltham Colleg8 Endowrnenl Fund, WAT Green Memorial Fund. JE Salmon Ftrnd, GP Janes Fund Bnd the Anthony Callard Memorial Trust Fund. The PrEe Trust Fund is 8 gener81 fund to support the book8 awarded on Speech Day. The ECPA INeville Woodl Leaving Tmst provides leavin9 8warf$ to the sons of mi55ion8ries. 40
Eltham College Notes to the Financial Slatemenl$ For the Year Ended 31 August 2025 15b. RESTRICTEK) FUNLIS BÈlanc¥ 1 Septembèr 2024 Incornin9 Resources ResotsrtÈs Expended Transfers Investmertrt 31 Augusl Galns Ilossesl 2025 Prizes snd Alumni Support Fund 111.297 11.242 112.1821 13.8841 106.473 Developmeni Fund 425,375 1,015.559 1410,0221 1284,2071 746.705 536,672 1,026,801 1422,2041 1288,0911 853.178 Piizes and Alumni Support Fund ¢onslsts ol vaiLaus small fund5 donaied to piovlde prfzes for partlcular 8chievementS end funding foi alumni lespeci811y for the sons ol missionafie81- The Developmenl Fund con8isls of a number of sapar8ie funds, which are as follows.. Culture & Arts £19.189.. thks fund 15 to be used forthe promobon of cultural and art5 within the School. 8ell Family JS k98cy'. £6.574.. this fvnd is for use in Ihe Junior School 3. Sport & Outdoor £3,933.. this lund Is to be usèd lor the piomotion ol gports and outdoor athvltles wilhln the School Annual Fund £3.392". this fund 15 to be spent on the refurbishrnent of Ihe School War Memorial. Places & Spaces Bursaries £216,679.. this fund Is lo pruvide 100 kn-1101. bursarits Pl3¢es & Spatrs Un(lesignaled £24,079.. this fund is lo be used for improving School assets or Lo support burs8ry plates. "Development ReseNe Junior School.. £1,541 this fund Is for use In the Junior School DÈvelopmÈni Reserwe Bursary Fund £138.581. this fund is for bursari8S Modern Languages Fund £52.ODO.. Ihis fund is for Modern L8nouage awaids 10. S51e Development Fund £2QO,OOO". this fund is for sile devebpmenl 11. OECT.. £80,000.. this fund is for OE Memorial Award bursaries 12. PTA DonatK>ns1£4931". this is foT expenditure funded by PTA donalions 15c. UNRESTRICTED FUNDS BÈlance 1 Seplembèr 2024 IncomiT%g Resource6 Resources Exppnde Transfers Envesttnont Gains IlossÈ$l Balance 31 August 2025 DesigDated.. Schol?rslTrip and bursary lund Development & appe81 fund 112,1541 Not deslgnatÈd'. General reselve 22,821,993 31,448.043 129,577,708> 541.015 25,033,345 22.821.993 66.960 31.460.197 723.279 129,577,706) 528,861 1554.7811 1204,7331 25.033.345 30.726 Trading Subsidiary 22,688,953 32,183,476 130.132.4871 324.129 25,064,071 The General reserve Tepresenls Ihe'free reseNes' ol Ihè School. TransleTS are detaed in note 6. t6. CONTRACTS. COMPAITMENTS AND CONTINGENCIES Capltal commrtments As al 31 Au9USt 2025, Ihere were no capitsl commitmenls12024.. £1,324,743).
Eltham Colleg• Notes to the Financial Statements For tho Year End•d 31 August 2025 Contlngent Ilabiltty There are rK) contingent liabilities. 17. RecoNCILIAnQN OF NET INCOMING RESOURCES TO NET CASH INFLOW FROM OPERATIONS 2025 2024 Nat Incoming Resources 3,110,89D 2.410,718 Depreciation charge Amortisalion of intangibles Profrt on Sale of fixed asset Fixed gssels wntten off Investment incorne r•c•Nod Interest CeIvd Inte¥t paid Ilncr8asel in st(tk Iln¢re0$61 In debtors Increase crerthtors Ioecreasel In provision 1.728.841 9,382 1.613.520 9.379 176.8091 1628,3681 74£.300 149,5121 1363.4961 599.993 557.PA7 17,419,591) 12.0471 1764,e811 15.619.578 19751 15,088,445> 16,573,806 Net cash Inflow from operatlons 11.975,5551 18.984,524 18. ANALYSIS OF CHANGES IN FINANCING 2025 2024 Loans: Balanco 1 September 2024 New loans a(Svanc6d Loan repaytnents 13.812,624 3.473,750 1982,2521 14.564,029 1751,4051 Balance at 31 August 2025 18.304.122 13,812,624 19. ANALYSIS OF ¢ASH AND CASH EQVIVALENTS Balan¢¢ 1 September 2024 Cash flows Other ¢hanges Balance 31 AugLJSt 202S C8sh al bank and In hand Bank ovèrdraft 17.725.658 13,463,081) 14,262.577 17.725,656 13.463,0811 14,262.577 42
Eltham College Notes to the Finan¢lal Slaternent¥ For the Year Ended 31 August 2025 20. RELATED PARTY TRANSACTIONS Four Trustgps paid School fees foT Ghildren who were PUPI at tho S¢hwl. Total fe¢$ yayable in respect of these five pupils, before scholarships and bursaries, wepe £103,58812024.. £143,022 seven pupdsl. A scholarship was awarded to the son of one of these Trustees. which rBduced the fee5 pey&ble by £9,558 12024. £9.0351 No Trustèe pai(t r8du¢ed $¢hool fee$ 08 a reÉult ol ihelr office. Fees for the other childron of Trustees were charged in full. Amounts du8 from Twstees in respect of nel fees Payab w8re $8tUed in full by lh6 year end. Expenses of £4,445 wtrre reimburs to seven TruslÈes during thÈ year12024." nill. These paym&nts were mainly for travel expense ieimbursemenls and expenses relaling lo ECCE week8fMI8 aw8y Key rnanagement personnel were paio slafl costs of £1.426,154 during the year12024.. £977,925) 21. PROVISIONS FOR LILITIEs 2025 2024 N¢t present value of pension dgfi¢il nDiblionS payable IrLQte 231 1.943 424 43
Eltham College Notes to thg Flnanclal Statsmgnts For the Year Ended 31 August 2025 22. PENSION COSTS Teachets Penslon Seh8m8 The School participates in the T•ach¢rs' Penslon ScThem81"Ihe TPS'I for its leaching staff. Th• p8n$lon charge for the year includes contributions payable lo the TPS ol £1.669.49D 12024. £1,799.9581 and 8t the y8ar-end there w8r6 outsiarfing Èmployer and empbyee contributions payable of. £188,647 12024 £220,668). The TPS 1$ 8n unftJnd8d multi-employer defined benefits pension scheme governed by The Te#cher5' Pensions Reguhlions 2010 (as amÈndedl and Teache, P8Dslon Scheme Regul¥lion$ 2014 las amended). Members contribut8 on a'p3y as you go" basis with ¢ontribulions from members and the ernployei b&ing clled to the Ex¢hÉquÈr. Reliremenl ano other pension betTrefts are paid by public funds provided by Parflamenl The employer contributson rale is sel by the Secretary of State lollovring scheme valvalions vndert8ken by the Govemment Actuary's DepartmÈnt. The mosl recent actuarial valuation of Ihe TPS wa8 prepared a5 at 31 Marth 2020 and Ihe V8Iu81ion RÈport was published in October 2023. The VÈluation Report shows notion81 assets of t222.2bn and Iiabilits of £262bn. resulting in a scheme deficit of £39.8bn. Thp employer contribution rate for the TPS & 28.6%. and ernployers are 8150 wu10 to pay a scheme administration re of 0.08% gwing a lotsl emptyer contribution rate of 28.68%. Under th8 d8finitions set OLrt in Flnanclal Reporting Standard 102 IFRS 1021, the TPS and lh8 Pension$ Twst Scheme Ibeli)wl a both rftulb-8mpbyer pension schemes. The Group is lo identify its share of th8 undèrlying asseb 2nd liatslilies of these schemes. Accordingly, the Group has taken advanlaoe of Ihe exemption In FRS 102 8nd has ac¢ounlèd for Its conltTrbutions to the s¢hemes as if they ware defiasd contribulion 5¢heme$. Following a decion by Trustees in November 2024, the Group has inib3ted a phased withdrawal from the T8achers' Pens¢on Schem&effectivefrom February 2024. meaning Ihatnew members of teaching stsffioining Ihg Schools after this date wll nol be eligible lo join the Scherne and will instead be auioenrolled in Ihe Schools. attern&tNe Defined Contribjtion pension s¢hemg. Pen&ions Tru$i's Growth PL2n The Schools also p8rbap8te In the Pensions Trusfs Growth Plan IPTGPI, although there are currenuy no memb815 in the scheme. The Schvols a subject to a 12-Tnonth gTr¢e perDd from SepteTnber 2025 to allow for other staff io join the scheme b8for8 a defr¢il becomes payable. The scheme was for forrner FneTnbers of the non.academi¢ staff 8nd Is a mults*rnployei scheme whlch provides benefi15 ID some 5ZI non-8ssociated P8rticipaliry ernpltsyÈrs. The scheme is a defin8d benefit schEtne in the UK. It is r)ot P0$5ible for the company to obiain sufficient Inforrnalr(>n to Ènable it lo account for the 3cheTne a5 a defined benefit scheme. ThetEforg, il account5 for th8 sch8rn8 as a definéd contribution scheme. The scheme is subject lo the funding 9¥$I3110n outlined in the Pensions Act 2004 which G2me into forco on 30 DecembÈr 2005. Thbs, togelherwllh documents issued by the Pensions Regulator and Technical Actuarfal Standards issued by the Financial Reporting Council. sel out the fvamework for funding defined benefit occupational pension schemos in the UK. The scheme is cl85sified ès 8 '18st-man Standing arrangetnent.. Therefore. the company 1$ polenlially liable for other participating ernployers. obligalions rfthDse &mployers are unable to meet Ih81r sh8re of the scheme deficit followng withdrawal from Ihe scheme. Participating employer5 are legally regulr8d to meet thelr share of Ihe scherne defi¢lt 011 an annuity pur¢has8 basis on withdrawal from the scheme A fLIII aGluarial valutlion for the scheme was rnrried out al 30 Septèrnbar2023. Thls valu81ion showed assgts of £514.9m. liabililias of £531.Om and a deficit of £16.1m. To eliminate thi$ funding shortfall. the Tru$leg has ask8¢ the partiopating employer5 to Pay additional ¢0ntbLrtIOnS to Ihe scheme as follows.. 0•¢1t contrlbutlons From 1 ApThl 2025 to 31 March 2028.. £2.100.DOD p•r annurn Ip8yable Mon1hl. Unless a concgssion has been agreed with the frusteÈ IhÈ term lo 31 March 2028 apples. 44
Eltham C¢llo9è Notss to thg Finan¢ial Statsments For Ihe Year Ended 31 August 2025 Nole Ihal Ihe scheme'5 previous valuation was carried OEII wilh an effective dale of 30 SÈptembeF 2020. This valuation showed ?ssets of £800.3m, Iiabililies or £831.9rn and a deficit of £3t.6Fn. T(> eiirninate this fvnding shortfall. the Trusiee askerj the p8rtiupaling employer¥ lo pay 8drJition81 ContribUt)n$ to the stheme as folW5.. From 1 April 2022 to 31 January 2025". £3.312.000 per annum. The recovery plan contributions afe 21cated to each Parficipaiing employer in Ilne wilh their 0$"Matt share ol the SEries 1 and Series 2 s¢heme IiabilibÈs. WherÈ the s¢heme is in deficit and where the ¢omp8ny has agreed lo a deficil lundiw arrangement Ihe cornpany recognises a liability for this otligalion. The amount re¢ognl$6rJ is the net present value of the d&flcit reductlon contributsons payabl8 under the agre8m&nt that relates to the defiul. The present value is c8lculated using the Oiscounl rate detsiLed in these disclosures. The unwnding of the discount rate is recognissd as a finan cost. The large overau deficit on the scheme 1$ sh8red by all parti¢ipatsng empbyers and will not in any realisti scenario represent a material liability for the school. PRESENT VALUES OF PROVISION 2025 2024 Value of closin9 pi¢wsion 1,943 424 RECONCILIATION OF OPENING AND CLOSING PROVISIONS 2025 2024 Provision 81 Stsn of peNod UnrydIng of the discount factor lint8r8St 8xpens81 Defi¢il Goniribulion PaiLfj RemeasureFnenls- imp8ct of any change in assumptions RemeasurÈm8nts. am8ndmen18 to the contribution $ch8dule 424 1.399 51 11.0271 17581 17 2257 Provision at end of period 1.943 424 45
Eltham College Not•s to lh• Financial Statements For the Year Ended 31 Augu$1 2025 22. PENSION COSTS- contlnued INCOME AND EXPENDfruRE IMPACT 2025 2024 Interest 8XP8lls8 Rern£a5urements- impact of any change in a$sumptlon$ Rem888ur8ments- emenrlrntnts to rXjntribLrtn5 schedule 51 17 2,257 ASSUMPTIONS 2025 %per annum 2024 %ptr annum Rale of dls¢ount 4.37 5.13 The discount rates shown above are th8 8qulval8nt single disGount r*ÈS which, when us¢d to dlscount the future recovery plan contrybutTonE due. would give the same result8 as using 8 full AA ¢orpDr8te bond yield cutwe to discount the samÈ re¢Very plan contribulions. The Charity CognIseS a liaknlity rneasured as the pr8seTrt value of the Contribullons payable Ihat artse from the deficit recovery agreement and the resulting Èxpense in the income and expenditr& account i.e. the unwlnding of th8 discounl rale as a naThce cost in the period in which it arises. 11 is these conlrtbulions that have tjeen used to derive the balanGe shBet liabllity. The Charity also makes conlributiOn5 to olher personal pen5i0n 5chEtll?S 8nd aUlnrolet pension s¢h8mes for non-lea¢hing staff and lea¢hlng sigff who have opted to jcin the s¢hemes rather than rem81n aclrwe membeTS of the Teacher'5 Penslon Schen7e. The pen51on Cost for the y88r relating to Iheso schomes w8$ £682,299 12024". £515,8301. Al the ptTrd of the year there were outstsnding empfoyer and ernpbyee contributions payabl8 of £65,519 12024.. £61.0021. 23. FINANCIAL COMMITMENTS Thè lotsl of future rninimurn lease payments under non-GanGellable operaling lea5e$ 8$ 8131 Augu812025 were as Set out below.. Ornce e4uipment and vehi¢le$ 2025 2024 Operating 18a88s which explre.. Under one year B8t¢4een two and fNe years Over five years 366,004 571,439 162.795 310.065 734 937,443 473.594 24. TRUSTEES. REMUNÈRATION AND BENEFtTS There wèrè no Trustees. rernunÈratron or other ben8fit8 for the year Ènded 31 August 2025 nor for the year ended 31 August 2024. 25. POSY BALANCE SHEEET EVENTS Therg Were no swJnifiGanl pOst-BalaCe Sheet 8V8nts. 46