Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 **Charity number: 1070488** ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2025** Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 4| |**Accountants' Report**|5| |**Statement of Financial Activities**|6| |**Balance Sheet**|7| |**Notes to the Financial Statements**|8 - 19| Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025** |**Trustees**|S Clark, Chair| |---|---| ||B Chevallier Guild| ||G Quilter| |**Charity registered**
**number**
1070488
**Principal office**
Orwell Park School
Nacton
Ipswich
Suffolk
IP10 0ER
**Accountants**
MHA
Chartered Accountants
910 The Crescent
Colchester Business Park
Colchester
Essex, United Kingdom
CO4 9YQ
**Bankers**
Barclays Bank Plc
1 Princes Street
Ipswich
Suffolk
IP1 1RJ
**Solicitors**
Barker Gotelee
41c Barrack Square
Martlesham
Ipswich
Suffolk
IP5 7RF|| Page 1 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025** The Trustees are pleased to present their report on the affairs of the Foundation, including the financial statements for the year ended 31 August 2025. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** The Trust is governed by the provisions of the original Trust Deed set up in 1998. ## **Trustee appointment** Trustees are elected at a meeting of Trustees for a period of three years and are eligible to stand for re election. ## **Risk Management** The Trustees have considered the Foundation’s business and operational risk and confirm that procedures have been put in place to manage this. The principal risk is the reliance on voluntary income to fund works; during the year the Trustees continued to broaden the range of income. Communication with alumni continues to be a focus to raise the level of donations and voluntary income. ## **Related Parties** The Charity has a very close relationship with Orwell Park School Educational Trust Limited (the School), to which the Charity provides support. During the year Mr S. Clark was also a Governor and Director of Orwell Park School Educational Trust Limited. ## **OBJECTS, AIMS, OBJECTIVES AND PRINCIPAL ACTIVITIES** ## **Strategic Aim and Intended Effect** The objectives and purpose of the Foundation, as per its Trust Deed, are to provide for the advancement of education by providing support to Orwell Park School Educational Trust Limited. Traditionally the support provided involves helping the School to finance projects of an architectural or historical interest which it would not be able to afford from fee income alone. In addition, alumni have been increasingly interested in supporting a range of projects directly related to the curriculum and pastoral agendas of the School. ## **Objectives and Activities undertaken for the Public Benefit** The Trustees have referred to the guidance contained in section 4 of the Charities Act 2011 and the Charity Commission’s general guidance on public benefit when reviewing aims and objectives and planning current and future activities. The Foundation serves the public benefit through the provision of resources for bursaries, preservation of a grade 2 listed building, creating a rich learning environment, developing the premises and contributing to the Schools ability to attract students which therefore helps the School achieve its objectives for the public benefit. Information regarding the School’s approach to public benefit is disclosed within the School’s financial statements. ## **Achievements** Given the simple nature of the Charity, key performance indicators are not used. Donations for specific purposes have been received in the year and these include donations to support the funding of bursaries plus numerous smaller donations towards school resources such as resources for the outdoor assault course. The Foundation has also overseen the establishment of the Wilkinson Spurgeon Bursary Fund – an endowment fund to support bursaries. Page 2 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** ## **FINANCIAL REVIEW AND RESULTS FOR THE YEAR** The Foundation’s income is derived from donations and interest earned on bank deposits held to meet the Foundation’s financial commitments. This income is used to further the Foundation’s charitable objectives and finance the general running costs of the Foundation. During the year the Foundation received donations of £14,830 which is the Charity’s principal funding source. In addition, bank interest of £302 and sales income of £3,832 were received. After expenditure of £12,440, and net gains on investments of £7,697, the Foundation presented a net inflow of funds of £14,221. This report and the financial statements are for the year ended 31 August 2025. ## **Reserves Policy** The Trustees consider the reserves level to be adequate to support its objectives. Income raised each year will be used to help finance projects in support of the School including those of an architectural or historical interest as well as support for Bursaries and School projects. The Trustees intend that sums raised will be applied to projects meeting these criteria. This policy will be reviewed annually. The reserves held at the Balance Sheet date are £107,890 (2024 - £93,669) of which £24,879 (2024 - £20,428) are unrestricted, £9,252 (2024 - £8,779) are restricted and £73,759 (2024 – £64,462) are expendable endowment funds. ## **Plans for the future** The Foundation will continue to provide support to the School through financing projects of an architectural or historical interest which it would not be able to afford from fee income alone as well as supporting the granting of Bursaries and School projects. In addition, the Foundation’s work on its own development with the aim of developing additional sources of income to support the funding of more improvement activities within the school has begun and looks increasingly promising. ## **Post Balance Sheet Events** On the 1 December 2025 Orwell Park School Educational Trust Limited merged with Benenden School (Kent) Limited, this charitable merger resulted in the assets and liabilities of Orwell Park School Educational Trust Limited transferring to Benenden School (Kent) Limited. This merger will have no overall impact on the purpose of the Foundation and it will continue to raise funds for the School. ## **Trustees’ responsibilities in relation to the financial statements** The Charity Trustees are responsible for preparing a Trustees Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees are required to: • select suitable accounting policies and then apply them consistently; • observe the methods and principles in the applicable Charities SORP; • make judgements and estimates that are reasonable and prudent; • state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and; • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. Page 3 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. The Trustees are responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: ................................................ **S Clark** Chair Date: 29 June 2026 Page 4 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE ORWELL PARK SCHOOL FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Orwell Park School Foundation for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, and the related notes from the Charity's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation. This report is made solely to the Trustees of The Orwell Park School Foundation in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Orwell Park School Foundation and state those matters that we have agreed to state to the Trustees of The Orwell Park School Foundation in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Orwell Park School Foundation and its Trustees for our work or for this report. It is your duty to ensure that The Orwell Park School Foundation has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Orwell Park School Foundation. You consider that The Orwell Park School Foundation is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of The Orwell Park School Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. ## **MHA** Chartered Accountants 910 The Crescent Colchester Business Park Colchester Essex CO4 9YQ Date: 29 June 2026 MHA is the trading name of MHA Advisory Limited, a limited liability company registered in England and Wales (company registration number 16233746). Page 5 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025** |**Note**
**Income and**
**endowments from:**
Donations and legacies
3
Other trading activities
Bank interest
receivable
**Total income and**
**endowments**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net (expenditure)/**
**income before net**
**gains on investments**
Net gains on
investments
**Net movement in**
**funds**
**Reconciliation of**
**funds:**
Total funds brought
forward
Net movement in funds
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**2025**
**£**
**12,610**
**3,832**
**302**
**16,744**
**12,293**
**12,293**
**4,451**
**-**
**4,451**
**20,428**
**4,451**
**24,879**|**Restricted**
**funds**
**2025**
**£**
**620**
**-**
**-**
**620**
**147**
**147**
**473**
**-**
**473**
**8,779**
**473**
**9,252**|**Endowment**
**funds**
**2025**
**£**
**1,600**
**-**
**-**
**1,600**
**-**
**-**
**1,600**
**7,697**
**9,297**
**64,462**
**9,297**
**73,759**|**Total**
**funds**
**2025**
**£**
**14,830**
**3,832**
**302**
**18,964**
**12,440**
**12,440**
**6,524**
**7,697**
**14,221**
**93,669**
**14,221**
**107,890**|_Total_
_funds_
_2024_
_£_
_20,505_
_598_
_257_| |---|---|---|---|---|---| ||||||_21,360_| ||||||_16,503_| ||||||_16,503_| ||||||_4,857_
_6,367_| ||||||_11,224_| ||||||_82,445_
_11,224_| ||||||_93,669_| The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 19 form part of these financial statements. Page 6 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **BALANCE SHEET AS AT 31 AUGUST 2025** |**Note**
**Fixed assets**
Tangible assets
7
Investments
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Current liabilities**
Creditors: Amounts falling due within one
year
10
**Net current assets**
**Total net assets**
**Charity funds**
Endowment funds
11
Restricted funds
11
Unrestricted funds
11
**Total funds**|**11,196**
**22,951**
**34,147**
**(2,521)**|**2025**
**£**
**7,305**
**68,959**
**76,264**
**31,626**
**107,890**
**73,759**
**9,252**
**24,879**
**107,890**|_10,954_
_20,540_
_31,494_
_(10,204)_|_2024_
_£_
_11,117_
_61,262_| |---|---|---|---|---| |||||_72,379_
_21,290_| |||||| |||||_93,669_| |||||_64,462_
_8,779_
_20,428_| |||||| |||||_93,669_| The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ ## **S Clark** Chair Date: 29 June 2026 The notes on pages 8 to 19 form part of these financial statements. Page 7 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **1. General information** The Orwell Park School Foundation is a registered charitable trust (number 1070488) with the Charity Commission in England and Wales. The address of the registered office is given in the Charity information on page 1 of these financial statements. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Orwell Park School Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial statements are prepared in sterling which is the functional currency of the Charity, rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **2.2 Going concern** The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern. ## **2.3 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Trading income is included in the Statement of Financial Activities when the Charity is entitled to the income, the amount can be quantified with reasonable accuracy and the recognition criteria has been met. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Page 8 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **2. Accounting policies (continued)** ## **2.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.5 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **2.6 Tangible fixed assets and depreciation** Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Motor vehicles - 3 years ## **2.7 Investments** Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities. ## **2.8 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 9 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **2. Accounting policies (continued)** ## **2.9 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.10 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ## **2.11 Financial instruments** The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows: Debtors – trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 9. Prepayments are not financial instruments. Cash at bank – is classified as a basic financial instrument and is measured at face value. Liabilities – Accruals and other creditors will be classified as financial instruments, and are measured at amortised cost as detailed in Note 10. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument. ## **2.12 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. The Charity has a single expendable endowment fund, the Wilkinson-Spurgeon Bursary Fund, created by a gift. The income of this trust is restricted to provide bursaries for the pupils at Orwell Park School. The terms of the endowment allow the capital of the fund to be spent if the Trustees so determine. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 10 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2025**
**£**
Donations
12,610
_Unrestricted_
_funds_
_2024_
_£_
Donations
_14,545_|**Restricted**
**funds**
**2025**
**£**
620
_Restricted_
_funds_
_2024_
_£_
_4,360_|**Endowment**
**funds**
**2025**
**£**
1,600
_Endowment_
_funds_
_2024_
_£_
_1,600_|**Total**
**funds**
**2025**
**£**
**14,830**| |---|---|---|---| ||||_Total_
_funds_
_2024_
_£_
_20,505_| ## **4. Analysis of expenditure by activities** |Charitable activities
Charitable activities|**Activities**
**undertaken**
**directly**
**2025**
**£**
6,038
_Activities_
_undertaken_
_directly_
_2024_
_£_
_13,335_|**Support**
**costs**
**2025**
**£**
6,402
_Support_
_costs_
_2024_
_£_
_3,168_|**Total**
**funds**
**2025**
**£**
**12,440**| |---|---|---|---| ||||_Total_
_funds_
_2024_
_£_
_16,503_| Page 11 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **4. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |Repairs and maintenance
Equipment costs
Publicity and marketing
Events expenditure
Old Orwellians
Stock provision
Music
Bursaries
Bank Charges|**Total**
**funds**
**2025**
**£**
**-**
**-**
**66**
**-**
**5,713**
**-**
**147**
**-**
**112**
**6,038**|_Total_
_funds_
_2024_
_£_
_65_
_4,118_
_30_
_40_
_5,722_
_2,942_
_180_
_195_
_43_| |---|---|---| |||_13,335_| ## **Analysis of support costs** |Governance costs
Vehicle depreciation|**Total**
**funds**
**2025**
**£**
**2,590**
**3,812**
**6,402**|_Total_
_funds_
_2024_
_£_
_2,850_
_318_| |---|---|---| |||_3,168_| |**5.**|**Governance costs**||| |---|---|---|---| |||**2025**|_2024_| |||**£**|_£_| ||Accountancy|**2,590**|_2,850_| Page 12 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **6. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ . During the year ended 31 August 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ . ## **7. Tangible fixed assets** |**Cost or valuation**
At 1 September 2024
At 31 August 2025
**Depreciation**
At 1 September 2024
Charge for the year
At 31 August 2025
**Net book value**
At 31 August 2025
_At 31 August 2024_|**Motor**
**vehicles**
**£**
**11,435**| |---|---| ||**11,435**| ||**318**
**3,812**| ||**4,130**| ||**7,305**| ||_11,117_| Page 13 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **8. Fixed asset investments** |**Cost or valuation**
At 1 September 2024
Revaluations
At 31 August 2025
**Net book value**
At 31 August 2025
_At 31 August 2024_|**Listed**
**investments**
**£**
**61,262**
**7,697**| |---|---| ||**68,959**| ||**68,959**| ||_61,262_| All fixed asset investments are held in the UK. ## **9. Debtors** |**Due within one year**
Other debtors
Prepayments and accrued income|**2025**
**£**
**242**
**10,954**
**11,196**|_2024_
_£_
_-_
_10,954_
_10,954_| |---|---|---| Page 14 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **10. Creditors: Amounts falling due within one year** |Amounts due to Orwell Park School Educational Trust Limited
Accruals and deferred income|**2025**
**£**
**-**
**2,521**
**2,521**|_2024_
_£_
_7,873_
_2,331_| |---|---|---| |||| |||_10,204_| Page 15 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **11. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General Funds
**Endowment funds**
Expendable endowment funds
**Restricted funds**
Clock tower
Bursary funding
Other restricted funds
**Total of funds**|**Balance at 1**
**September**
**2024**
**£**
**20,428**
**64,462**
**2,450**
**1,110**
**5,219**
**8,779**
**93,669**|**Income**
**£**
**16,744**
**1,600**
**-**
**620**
**-**
**620**
**18,964**|**Expenditure**
**£**
**(12,293)**
**-**
**-**
**-**
**(147)**
**(147)**
**(12,440)**|**Gains/**
**(Losses)**
**£**
**-**
**7,697**
**-**
**-**
**-**
**-**
**7,697**|**Balance at**
**31 August**
**2025**
**£**
**24,879**| |---|---|---|---|---|---| ||||||**73,759**| ||||||**2,450**
**1,730**
**5,072**| ||||||**9,252**| ||||||**107,890**| Page 16 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **11. Statement of funds (continued)** **Statement of funds - prior year** |**Unrestricted funds**
General Funds
**Endowment funds**
Expendable endowment funds|_Balance at_
_1 September_
_2023_
_£_
_16,933_
_56,495_|_Income_
_£_
_15,400_
_1,600_|_Expenditure_
_£_
_(11,905)_
_-_|_Gains/_
_(Losses)_
_£_
_-_
_6,367_|_Balance at_
_31 August_
_2024_
_£_
_20,428_| |---|---|---|---|---|---| ||||||_64,462_| Page 17 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **11. Statement of funds (continued)** |**Restricted funds**
Clock tower
Bursary funding
Yr 8 Restricted Leavers Gift
Other restricted funds
**Total of funds**|_2,450_
_741_
_-_
_5,826_
_9,017_
_82,445_|_-_
_564_
_3,796_
_-_
_4,360_
_21,360_|_-_
_(195)_
_(4,223)_
_(180)_
_(4,598)_
_(16,503)_|_-_
_-_
_-_
_-_
_-_
_6,367_|_2,450_
_1,110_
_(427)_
_5,646_
_8,779_
_93,669_| |---|---|---|---|---|---| ## Restricted funds: Donations income received for restricted purposes is ring fenced by the Charity and spent in line with the donors wishes. The restrictions placed upon the income has been detailed above. Transfers have been made from unrestricted funds where expenditure has been incurred above the level of restricted income received. ## Expendable endowment funds: The Charity has a single expendable endowment fund, the Wilkinson-Spurgeon Bursary Fund, created by a gift. The income of this trust is restricted to provide bursaries for the pupils at Orwell Park School. The terms of the endowment allow the capital of the fund to be spent if the Trustees so determine. ## **12. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
7,305
Fixed asset investments
(4,800)
Current assets
24,895
Creditors due within one year
(2,521)
**Total**
24,879|**Restricted**
**funds**
**2025**
**£**
-
-
9,252
-
9,252|**Endowment**
**funds**
**2025**
**£**
-
73,759
-
-
73,759|**Total**
**funds**
**2025**
**£**
**7,305**
**68,959**
**34,147**
**(2,521)**
**107,890**| |---|---|---|---| Page 18 Docusign Envelope ID: 72BBFDE7-946F-8DAD-800D-A6064483A8C8 ## **THE ORWELL PARK SCHOOL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **12. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_11,117_
_(3,200)_
_22,715_
_(10,204)_
_20,428_|_Restricted_
_funds_
_2024_
_£_
_-_
_-_
_8,779_
_-_
_8,779_|_Endowment_
_funds_
_2024_
_£_
_-_
_64,462_
_-_
_-_
_64,462_|_Total_
_funds_
_2024_
_£_
_11,117_
_61,262_
_31,494_
_(10,204)_
_93,669_| |---|---|---|---|---| ## **13. Related party transactions** The purpose of the Foundation is to raise funds for Orwell Park School Educational Trust Limited, registered charity number 310481 and registered company number 912265. It is based at Orwell Park, Nacton, Ipswich. All direct expenditure has been incurred for the benefit of the School and its premises. During the year, the Foundation received donations of £14,210 (2024 - £14,445) through Orwell Park School and rental income for the use of a School van owned by the Foundation of £3,812 (2024 - £318). During the year, grant payments of £NIL were made to the School (2024 - £NIL). ## **14. Post balance sheet events** On the 1 December 2025 Orwell Park School Educational Trust Limited merged with Benenden School (Kent) Limited, this charitable merger resulted in the assets and liabilities of Orwell Park School Educational Trust Limited transferring to Benenden School (Kent) Limited. This merger will have no overall impact on the purpose of the Foundation and it will continue to raise funds for the School. Page 19