CHARITh NO: COMPANY REGISTRATION NO- 1071298 3625063 ABINGDON ABING(ION SCHOOL Report and Attounts for ihè yearended 31 AUGU5f2025 4AF12R2PK* 30104r2026 COMPANIES H(lSE
FOR THE YEAR ENOED 31 AUGUST2025 Introductlon stTucture. Gownance •nd Magernent Obje(¢ alm5, oblectlve5 and actfrAUes Inve5trnent power5 and polky Public Benefit 5tTeamllned Energy •nd Caibon Reptyiin8 ISECRI Eouallty Art Dlsabled persons Section 172 Statement li 13 Statement of Resptsnsibilityes In•ndent AudfttX Report to the members ofAblrWin S¢hool Con5011dated siat*Ment of FinandalAd¥¢S linctyporatlng In¢¢me and expWl1re accountl 5th001 and Consolldaied Balano YRets 14 19 Consolldated Statemeni of Cash flo¥¥s 21 Notes to the Fifiala1 StaternPts 22-37
ABINGIM)N SCHOOL It4Tr0DLicnoN TOTHE REPORT AND Accouf4TS FOR THE YEAR ENDED 31 AUGUST 2025 Introducdon The Boafd ol Governors of Abingdon khool is appointed in acco¥dante with the terms and Conditions laid down in the School's Memorandum and Articles of A550ciation incorporated on 2 September 1998 as amended in March 2005 and January 2017. The Governor5 who seryed in ihe year were a5 follows: CoytedGwefllOIS Michael Stevens Jarnes Sporle Mark 8eer Mark La5celles Glynne Butt Steven Sen5ecall Harriet Woollard Kate Wheeler Mlchael Falwell Br40ny Bowers Robert Charles Lowe Felicity Rutland Nlck Kru8er Thomas GarThier Chair Chair ice Chair (resigned 31 Juty 20251 (appointed l Av8USt 20251 (resigned 4 December 2024) (resigned 24 June 20251 lappointed 4 Decembe¥ 20241 lapwnted 24 June 20251 Christ's HospitolofAtsngdon Kevin Senior The Mercers, Compony. London Aobert Jardine-8rown 8enjamith Robertstsn Henrfjetta Goodall Ire5igned 4 DKember 20241 (appointed 13 March 20241 lappoinied 4 Dttember 20241 The OldAbing(lonion Club Henry karlett Oirettors All Abinedon Schod Governors arè registered with Cornpanie5 Houst as Dirertors of the Companv. Officers Michael Wind50r Craig Williarns Justin Hvdge5 Headmaster. Abingdon School Headmasier. th"n8don Preparaiory School Dirertor of Finance & Opwations, Company Secrwary and Clerk ¢0 Ihe Governors Paee I
ABINGDON SCHOOL INTrODucnoN TO THE REPORT AND ACC(XINTS FOR THE YEAR ENDED 31 AUGUST 2025 Advisers Bankers . National Westminster Bank Pk 43 Cornm¥ket Stred. Oxfortl. OXI 3HA Solicitors Harrison aark Rickerbis Elleftboroh House. Wellinllon Sireet, thelienham, GL50 IYD Audltors Gravita Audit Oxford LLP First Floor. Park Centnl. 4041 Park End Street. Oxford. OXI IJD Investment Advisers Rathbones Finsbury Orcus. Lmjon EC2M 7 AZ Insurance 8roker5 Marsh Insurance Broker5 lid Capital House. 1-5 Pefrymouni Road. Haywards Heath, West Sussex RH16 3SY Addresses Abingdon Scho Park Road. Abingdon, Oxfordshire OX14 IDE IRe8iStÈred office and mailing addressl Abin6don Preparatory Scho Josca's House. Ffilford. Abingdon. Oxlordshire OX13 5NX Reference & Adminislratl¥e Inf•rmati¢ The seniN school IAbin8donl and ihe Junior school IAbin8don Preparatory Schooll are hereafter referred to as 'Abin8don School, or the'school, and are registered with both Companies House and the Charity Commission as Abingdon School. In this report whefe specific teference to eiiher sc?01 is necessary the senior school Is referred to as,A'ngdOn. the jUniOf sthool as 'Abin8don Preparatory.. Abingdon is known io have exisied in I2. It wa5 re*ndowed in 1563 by John Roysse, a LoTrdon Mercer. It moved to its presenr sire in 1870. In September 1998 Abingdon tomkn.ned with AbrngL4on Preparatory khool lat that time known as Josca'sl. forming a new Reei51ered Charity INO. 10712981 and a company limited bv Buarantee INO. 36250631, which was intorporaied on 2 September 1998. The Company, Ablngdon School. Tr5 8ovemed by its Memorandum and Articles of hssotiation. The School has ch05en in accordance wilh Companies Act 2CQ6. s_ 414CIIII to set out in the 8roup's strategi report iThforrnation requir by Lar8e aod Medium4iied Companies and Groups (Accounts and Reportsl Regulation5 2008. Sch. 7 to be contained in the direttors. report. It has done so in respecr of public benefit and energy and carbon reporting. Strurture. G¢weman¢e and Manwment Or9onlMtlonalstrutture onddeclsloTrmoklng The School Go¥ernor5. as the treCtOrS of the Charily. are legally responsible forthe ¢)vefall mana8ement of the school ind for its sirategic direttion. Govemof5 benefit from pve5entalions by staff and by third-party experts, and Irom lace-to-face meetings with staff. pupiLs and parents in order to deepen their knowledge of the school and of issue5 of current irnportance_ The Governors V•tTe assisied in undertaking th1 responslbilities during the year by four Go¥efllofS' sub<ornmittees. namely the Education Comrnittee. Finance Commtttee, the Audit Risk & Compliance Commitiee. and the Remuneration. Nominations & Staff Consuliation Committee. In particular. the Remuneration. Nominations & Staff Consultation Commiltee review5 the remuneration of the SeThor Leadership Team with referen to benthmarks and sectw trends. The Head 15 responsible to the Chaif and io ihe Governors for the mana8ement of the School, which the Head achieves with the support of the Direttor of finance and Operation5. the Senior Depuiy Head, the Head of Abin8cJon Preparatory khool and rnembeys of the Senior Leadership Teams at Abin8don School and Abingdon Preparatory Sthool. PaBe 2
ABINGI)ON SCHOOL INTRODUCTION TO THE REPORT ANO ACCOUNTS FOR THE YEAR ENDED 31 AUGUST Z025 The Govemors and Senior Leadership Teams reccenise the importante of eneagement with employees and stakeholders to the ongoing success of the School. Engagement with employees happens in many forms including weekty stafl rneetin8s, re8ul3r meetin8s of the Staff Consultation Committee. and regular surveys of staff. Engagement wilh other stakeholdefs also takes many forms indudin8 parents. evenings and webinars. pareiits, assoaations, an actw alumni club and a student council. The Governors are aware of the Charity Governance Code and belie that Abingdon School applies, in all rnaterial respects, all seven of the principles and recommtndèd practi¢e for @Ld govemante contained in the Code. In addition. Ihe School is T151ere with Ihe Fundraisin6 Regulator. AKrultmertand Trothln9 oJGovern The appointment of Governors is wnfirmed at meetin85 of the Full Governing Board on the basi5 of nominations received to the Board's specifications concerning eligibility. personal tompetence, specialist skills and availability. New Governors are inducted into the workin8$ of thngdon and of the Charity. including Its strate8V. policies and procedure5, at induciion meetin85 or8aniseLI by the Clerk io ihe Governors. On-80inÉ Governor training is carried out ihrou8h seminafs oreènsed nats"onalty or arranged internalty. If G¢)vernors incur training costs. Abingdon offefs to ¥eimtWJf5e these. Group StnKture undRelotlDftshlp5 Abingdon School has a whdly owned nOn<harible subsidiary. Abingdon School Enterprises Limiied. Oblec¢ akn$. oblectfves and actlvhles Chpritubleobjects The Charitvs objects. as set out in its Artide5 of AssociatK)n are: to advan. for the public benefit. the educathin of thildren and yL)ung people not older than the a8e of nlneteen years at Abifigdon Sdool or suth other 5th001 as the Govemors may from time to lime determine. and to promote lor the benefit of the pupils ol Aly"ng(h)n Sthool and the Inhatstants of ihe surroundin8 area the wowsion of facilities for recreation or other lsure time occupation of indNiduals who have need of Such facilitie5 by reason of thwr youth. aae. infirmity or disablemen( ffinantial hardship or social and ttontsrnit artumstantes or lor the public at large in thè interests of social welfare and with Ihe objett of improvin8 the condilion of the life of said inhabitants. Alms qnd lfttendedlmp¢rt-Abingéon sAim$ Ethos stotement." -ThouRh proud of sts considerable successes. thn8Llon enjoys a down-tfyearth atmosphere thai stems from bein8 a school ihat knows itsdl well. does noi seek to be what it is not and eschews the flashy, the false and the arro8ant. The¥e 15 a constant eye on innovation to refiect the needs of a rapidtyrfhaNdlft8WOflLI but ihe school is also careful not to dispense with the traditional where tried and tested practice pfo¥es still to be the most èfftttive. While Abingdon Is certainly aCadenY(al selective aThJ vigor¢)usly promoies the lrfe of the rn1r. acadeffic achievement is far from being the sole criterion eiiher for entry orfor su¢tess whilst at the school. The choice of tltle for our fofmidable extra<urrtcular pro8ramrne- fhe Other Half- symbolise5 the irnporiante to the school of nurturing well-rovnded pupits and our belief that the elOpment ol their skills and character5 15 of equal importance with their academK progress and aCe¥ements. We offer exceptional facfrlitie5 but recolnise that the success of Abingdon Sthool re5t5 upon ihe Quality of our slaff. $0 we reuuit atxl develop hi8hty qualifbed colleague5 of dNefse talents and strong cornmitment. We value our powerful links with the wider communrty and noufish thern ihrou8h aclrye and effectbve partnerships- this includes ouf tomrnitment to keeping access to an Ats"n8don edUcath as wide as possible. Undtrpinnin8 all that the school does is a very strong pasioral system. The hguse and tutor stiucture anchors day pupits and boarders alike with a powerful sense of beKInne and eASUfes they are known individually and feel genuinety and personalty supported by a ian8e of people in thLMr journey towards a1th0od." Page 3
AOINGDON SCHOOL REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2025 STPATEGIC REPORT FIn0pttIRevleW The total incomÈ for the year comprised £32,803k12024.. £33,293kl from schtyY fee5 and ancillary ifitome. £34C 12024.. £564kl from charitable donations and £1.548k12024= É1.382kl from other activitie5. Expenditure o school operatin8CQsts wasE32.882k12024.. £33.187kl of which 60% is represented bystaff costs. Thetotal lund5 a5 at 3118125 amounted to £65.729k12024.. £65.052kl. of which E53,291k1£52,210kl is unrestricted fund5. A5 an educatior¢al charity. the Sthool has tax exemptions on irs educaii¢)nal artiviiies and its investment income and was entitled durin8 ihe year to an 80% ieduction on business rates on the properties occupied for charitable purpose5 unlil 31" March 20Z5. The finanaal benefits derNed from these tax exemptions are all applied fgr educational purp)se5, induding the wovisiM ol txjrsaries. Durln8 the year ending 31 Aueust 2024 Ihe Sthool cOnsUed with it5 teachers about employment contract thange5 regarding membership of the 8overnmenYs Teacher5. Pension Scheme IYPS"). FolIC+n8 th15 consultation, at the end of the year. Ihe school moved into'Phased Withdrawal, of the TPS. This means ihat ihe School offer5 newty employed teachers a Oefined ContributTron pension scheme and no longer offers them the option to be an active member ol the TPS. Followine the change in the UK 8overnrnent in Juty 2024 and the subsequent Aulumn Budeet, the School added VAT to its fees from I" January 202S and losi the busine55 rate redvctions described above from April 2025. 11 also made higher additional Employer Naiional Insurance contribution5 from April 2025. All of ihe5e changes repfesent a snificant financial impact for the IndepenLleni school sector as a whole. The School responded by absorbin8 half of ihe frmpart of the VAT imposition with parents and reviewin8 ils Cost base carefully. mindful of Ihe need to mainiain thè qvality of an Abingdon School education. The Governors consider both the level of attivlty and the year-end financial p051tion of Abingdon Scliool to be satisfattory. Rlsk Monogement The Board of Governors 15 responsible for putting in place a strateKy tg manage the fisks faced by the School. which they review annualty. The Governors. sublommittees provide increased focus on thts important area antl re¥lew the areas ol the risk register relevani ro iheir femits iemily. Governors oversee the Senior Leadership Team who have executive responsibility for identifyin& assessing and coniiolliNd risks_ The key business risks for Abingdon indude rnaintainit7g pupil numbers. child protection, I. and welfare and academic standards. They also indude external factors suth as the eeneral economy, cost inflation, pandemics and chanees to the political Ènvironment. Controls and safe8yards which are put in place to rnana8e the major risks indude appropriate levels of insurance cover." tefms of relerence for all theGovernors' sub-committees,. strate8ic plannin& tsud8eting and manaBernent accouniin8; formal written policies.. dear autho¥isation and approval levels.. strirt adheren to saFer recruitment procedures in order to protert school pupils." compl*tion of appropriate risk assessments on relevant aspects of the khool's aclivllies.. and disaster planning. The School's Health andSafetyc¢)mmitteesupports thesu1tablefflanMent of health and safety risks afKI seeks ¢0 ensure ihai approprlate fisk assessments ale in place. The Governor5 are of the Opinic ihat they ha¥e put in a strategy to identify and. where pratticablè. mitigatè the major risks. It is recognised thèt while this process Provid reasonable assurante that 1derfifd risks are being mitigated. It (anrt provide absolute assurarKe. Achlevernents undPerfomion Atsin8don 15 a boarding and day sd1 which provwjes educaiion to pupils between the ages of 11 and 19. Abin8don Preparatory provides educaiion foi pupils between 4 and 13 years of age. The average number ol pupils in the schoots duriwythe academtcyear 2024125 wa5 107112024.. 10721 for Ablngdon atyj 19612024.. 2161 Pa8e 4
A8INGDON SCH(Y)L REPORT OFTHE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2025 for Abingdon Preparatory. DÈmand for platès 15 hieh alltMTh4 for ctsmprehensive plannine for future improvements antl developments. AtudenRe$lts Eerrtal exam grades in 202S were excellent at both GCSE and A4evel. At A4evel in summer 2025 72.1% of 8rades were in the A'.A ian8e12024.. 70.4%1 and 89.4% at A'.B12024'. 89.6%). At GCSE, 45.4% 018rades were awarded at 8rade 912024.- 44.8%). wth 87.3% in the 7-9 8rade ran8e12024: 86.4%). 99.7% were in the 94 range12024= 99.7%1. The Governors are cornmittefl to broadening acte5S to Abingdon School by offerin8 means-tesled buTsaTies to pupils whose parent518uardians are unableto pay the full day fees. All bursaries are means-tesied annually and have a value of up to IC¥)% of ihe tlay fees. Pupils must meet the Schools. usual entrance criteria but need noi necessarily show exceptional ability. Abingdon offers an enormous breaijth of opportunlty aThd buisarles ale aimed at those students who will lake full advantage of all the School has io offer. During the year 7312024." 751 pupils benelited from Br53r1e$ ai a iotal tosi of El.277k12024.. £1.243kl. Of ihese. 2212024.. 211 weie IrJ)% bursarie5. Abingdon School has a range of scholarships and awards offered to pupils enterin8 ihe School. Scholarships and award5 are provided in recognition of exceptional a(adern. Music. art and isesw, drama or sportin8 abilitv- they carry kudos and privileges vAthin the School. kholarships orry a nominal fancial value of E3CQ, and 188 12024.. 1871 were awarded tlurin8 the year. All scholarship5 and butsaries are subject to satislactory academic progress and behaviour. and in the case of scholarships and awards. to a continued contribution to the di5cipline5 for which they were granted. Each case is assessed on its own merits and awards are Tnède accordingly. subject to the Schools, ability to fund these wlthin the context of its overall budgets. Pkn51orfvtyreperloés During the year. thè senior leadership team and governor5 reviewed the plans in it5 five-year Foundation Development Plan for 2022-27. To consolidate its P051tion as rhe school olchoice. the broad aim5 of the 5¢hty)l are.. To develop its P051tion as one of the leadrn8 independeni schools in Briiain, with a reputation for excellent acadernic rèsults. pastoral care and co-curricular achievements. To encourage in eath pupil. the developmeni of tharatter and the many skiifs they Wbll need to flourish ai school and beyond. To mainiatn and extend accessitslity to pupils of hSgh ability. whatever iheir economtc or social background. particularly through bursary sthemes. Tts be recognised as a centre of excellence in educational prartice and coniinue to attrart high quality stsff. To mairtiain and invest in it5 faDlities to support it5 rnS and Ethos statement. To build on the positivè role it plays in ihe IfKal communtly through effective partnership5 and collaboration. To be enviionmentally responsible and promote susiainability. To be a sertor leader in diversity. inclusion and equality rnatters. To wsurè the Abingdon experience for pupils al their families is enjoyalHe. rewarding and engaging. To Seek and utilise extra sources of lunthn8. To be as affordable as Possib in the context of these aims and the ecortomic enwrrmment. To sutcessfully become co-educational folloWelhe arrsval of girls at the Prep Sthool in Septernber 2025 and at the Senior School in September 2026. Page 5
A8INGDON SCHOOL REPORT THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 20Z5 Capltal developments reser¥es pltol developments The last decade has seen si8nlficant capital devdopments ai Abin8don Sthool with substantlal investmenl in the upgrade and rnodernisation of facilities. These developments have induded a new scien Centre and Sixth Form Centre as well as improved fètilities lor Art. Music. Drama. the Library, Sport. houseiooms. Business Studies. Economits and Computer Studie5. These developments have happened alon85ide extensive refurbishment of tht School. The m05t receni arezs of capital development have been the substantial modemisation ol two boarding houses and the creation ol the pavilion la second dininB hall. café and flexibFe space atiached tg the Amey Theatre). Planning lor the modernisation of the rernaining boarding house is underway. At Abingiton Preparatory. the significant investment of recent years has been completed wlth the Openi in September 2022 of new buildings for a Music Sthool and Design and Technology deparrmeni as well as four addiiional tlassrooms and refurbishrnent and expansion of the school library. ReseMs Note 13 to the financial statements sets wt an analysis of the khLxI's efidowment. resiricled and unrestricted funds and their attribuialje assets. These a55ets are sufficient to meet ihe Charity's obligations. The Governors re8ulafty reeW ihe fiftan$, bud8ets and ihe spendin8 a8ain5t budBet5 a5 part ofthe effective stewardship of the Charlty. In common with other intlependent schools. Abin8don School has invested subst311lial sums into new school buildin8s in renI years, and operates 3 cortlinuing programme of relufbishment. development antl invesimeni to mainiain excellent leaching. welfare and boarding facililies for its pupil5. Ai rhe end of the financial year the total level of group reserves stood at £65.729k12024= E65.052kl of whlch £53,291k12024.. E52.210kl was in unrestricted lunds. It is the School's polity to build up funds to net planned improvements and additions to the school's resources principally by mean5 of annual operating surpluses and Iherefore the Governor5 have not set a target level ol free reserves. As wih many independent schools. the 8roup has ne8ative free reserves as surpluses are reinvested into the sch¢)ol's fixed assets in order to maintain a high standard of facilitie5. The Governor5 are of the View that ihe group has adequate wr>rkin8 capital for its foreseeable requiiements 8ivefi the predittability of cash flow artsin8 Irom pupil rolls. the on8oinR demand fo¥ places at the School and the availability of bankin8 finance iowards the cosi of capital expenditure. Inv•stmtnt powers and poll Investmefttmunogement The Governors are authorised by the Memrandum ofAssociation and byihe Tnjstee Act Xwto invest monies noi Imrnediatety reouired for the schoo15' purposes. of where there 15 a speofic obli8ation to invest funds ro ornpty th the terms of a restricted donation. in seojritits. property or other invesiments as may be ihouaht fit. Strategic in¥e51ment policy is set by the Govèrnof5 and tht Sthool then works with Rathbones. the School's investment manaeèr5. who then mana8e Ihe inve5tm?nts wilhin prescribed euidelines on a di5tretionary basis. The investment oblecifve is to proted the al value ol the capitsl wlw"1s1 8eneraiin8 income with a view to producing annual erowth ol a rate at least equNaknt to the increase in the Sthoovs tuition fees. The Governors remain confident that Iheir investment PDlicy is prudent arKI likely to produce attiactNe reiurn5 over the loneer tefm. lftKstfftefttperfofm•nce The School's investmènts decreased from £1.478k in 2024 to £1.378k in 2025 followin8 a withdrawal of donated funds partly offset by an uF%realised gain of £56k12024.' gain of £125kl on reiaine(l in¥esiments. The Governors continue to keep all investmenis under dose review_ Page 6
A8INGDON SCHOOL REPORT OF THE DIRECTORS FOR THE YEAR ENDEO 31 AUGUST 2025 Publ1¢ Benefft ZOZ4125 In 5ettin8 Ihe School's Obje1¥e5 and plannin8 its acifviiies. the direttors of Abingdon S¢hool. as tharity trvstees. comply wlth rhe+r duty in s.17 of ihe ChaiilièsArt 2011 to havedueiegard to the Chart¢y commi10n,5 published general 8uidance concemin8 the operation of the pU1t benefit requirement. Abin8don scho has been involved in the local community for many vears and places 8reat value on supporting young people across the town. Abinedon 5(h¢)ol in Partnership IASIPI was developed in 2018119 to coordinate and develop partnefship activfjlSes. A5iP works dosety wtth primary and secondary schoots across sectors a5 well as bein8 Involved with the stfattyc developrnent of p¥tnership$ at a naiional level. Asiws aims indude: ForAbmgdon School tts btsd0n thep05itive role itploy5 in the locolcommunity Forstudent5 ond 5toff to collobornte effettivety ond A)sitwely with members of the locolcommunrty. For5tudentsondstoff tAngdon School to ¢hollenge t1Msee$ through portnefships Our V151011.. tentrol to onAbingdon khooledLtCO¢ron is our noiionolly respeciedportnershlppro9romme where community. colloborotton t7nd chollenoe njn through ullospetts of sclrool lift. Our MISSIOPI.. to help ourstudents becorne ombiti0115 ¢7nd $llnt. stoff to be collot)mrive ond iellective. parents to frelinfonned ond en90ged ondfor ollstokeholtjers toleelsupportedby ondgiven opporturtities through portnershi The fCAI¢)wi sections focus on the work that was undertaken in 2024125 in support of these aim5. Comfflunity 8tsrSar$= The Governors of Abingdon School ale committed to broadening acce5S to thè school. The school endeavours to provitle an edvcaiion io those stvdenis who will best benefit from the style of teathine and the facilities that we have to ofler. Irwiiably. not all paients of such pupi15 will pjssess the means to fund the schDoI fees ihai ihe esSarilY ha5 to Chae. The School prowdes means tested bu[1+e$ lo help address this challen8e. Durin8 the year 73 studenis benefited from bursaries at a total tost of £1.277k, 37 of whom were in receipt of bursaries 8reaier ihan 80% of fees. In addition to this direct assistance with fees. the School also 5ubsidises ancillaiy expenses such as school irips where paients would otherwise experience financlal hardship. The Governors make sure thai the availa"ll1V of these award5 is well publi05ed through advertisin& on open days, throu8h our community links, and when vFsits are made to local prirnary schools. In addition. details ol how to apply ale made availabse on the school's website. Additional re50urce5 for bursaries is an incfeasing driver of fundraislng activilies. Mental Heatth and Wellbelrr. Our provisions for mental health and wèllbeing operated wrthin ihe framework of the Whole Sthool Approach. supportin8 pupils. staff, and families throughout Ihe 2024125 school yeai. We implemented ¥arious iniliatives". For sthool staff we oflered Adult and Youth Mental Health First Aid training courses, provided Continued Professional DevelokMnent ICPDI on teachin8 RSHE with confidente and social and emotional learnin8 in the classroom and facilitaied a suitide awarenes5 session in partnwship with Papyrus, trainin8 53 staff members. Fof pupils we held weekly'early intervention. wellbeing ses5ion5. and a'Preparin8 for Puberty, workshop pro8rarnrne wa5 mnducled lermty for seven Pfimarysthools. Assemblies covered tOPiC5 suth as tancèl culture. online sex and relationships, online friendships. communicaiin8 consent, managing anxiety. and celebratingdiver5ity. providing 5208 pupil experiences across six schools. Forparents and families we offered live and recorded webinars led by our Mental Health and Wellbw'ng IMHW81 Coordinaior. dtscussing The Teen Party Scene. and 'Keepin8 Your Children Safe Online,. For the cornmunity we shafed assembly and lesson resources for PSHCE and RSE across 89 schools in Oxford5hire. we drstributed bullen$ on Mental Health & Wellbeing and key safeeuardine iopics aThJ we led a working group of stafl in the OX14 Learning Partnership io develop support and indusion initiatives for LGBTQ• students and thr familiÈs, Inlormed by over 68 student èxpèriencts. Pa8é 7
ABINGDON SCHO(X REPORT OF THE DIRECTOR5 FOR THE YEAR ENDED 31 AUGUST 2025 Comblned Cadet Force- The broad function of the Cornbined Cadet Force $5 to provbde a ¢fisciplined or8anisation within a schcx)l $0 that students may develop powers of leadefship by Means of trainin& to promote the qualities ol responsibiHty. self-reliance. re50urcefulne5s. endurance and perseveraThce. and a sense ol service to the cornmunlty. It is firrnly believed that the 5elf-confidence an¢J self-discipline required In Ser¥ice1Sfe are equalfy important in Civilian life. 245 5tudenis were members of Abingdon's Combined Cadet Force in the year. Communlty SeY¥ke'. Stvdents vtsittd six car? homes and residences for older ptople on a weekty b45is. h05ted 3 tea parlies at sthool for SO local resident5. ¥olunteered ot two charity shop5 in town and continued to help in St Ethelwold's 8arden. They also helped support ihe or8aniser of after school 5POrts clubs and a OT club at the Manor school. The Muslc in ihe Cornrnunity 8roup visited care home5 and Abitsgdon hospital at Chri5tma5 Wlth festive performance of carols. ve8etaIe5 Brown in the school garden by 5tu¢JeniS were distributed to local residents. Seventy student5 ère involved in community work on vaiiou5 days olthe week and thi5 cohort changes each term so approxirnatély 2SO students will do ¥oluntarywork organised byschool over the course ofihe year. keof EdlnburAh'sAward.' In 2024125, 25Ostudents participated in ihe DofE Award and completed over S.000 hours of volunteedng in their local community. This induded volunteerlng tn charity shops. visiting the elderly. coathing sports. runnin8 youth 8fOUPS aNI hp1 to run commurwty OfBanisations. Fundfalsing and Over5e35 Ald: L)urin8 the 2024125 academic ye4r the school raised £10.0 ihrou8h a wlde range of lundraisln8 events indudin8 re8ylar home clothes days. a cultural Heritage Day and selling bobble hats for Odd8alls. One mernber of stafl completed a triathlon and two students designed. treated and sold a children's book in aid of ARCh. Lower School held their footbaN tournament. sponsored walk and cake sale. £1,20) wa5 faistd fow the annual Moldova trip and the Abingdon Community Toy Dr5ve had great success. In 2024 the school supported Oxfordshire Wildlife Rescue. In 2025 we are sUPPOrtin8 Homeless Oxfordshire. Ame¥Theatre: Abingdoft School hos a 446 seatmodern theatre whith regular hosts events for the cornrnunity and local sthools at discounted or free rates. This year the Theatre ran a Live Sueenin8 pro8ramme 115 scieeniw induLlin8 those frorn R80 Live and NT Livel which 15 open to the local community. We also arran8ed for sireenin85 of Several NT LNe produaions specifically for lo4 schools at no cost to them. We hosied three local primary schools for è ran8è olend of yèar perforrnances and events free of charge and supported Abin8don and Witney College in their Performing Arts Coufse perfofmante of The Addoms Fomily. The Arney Theatre 15 also used as a perfomiance base for sèveral youth theatre groups. indudbn8 DIY Theatre Company. Tharne5 Vale Yobth Orchestra and the local Stagecoach schoc15 helping produce several of thetr productions. In 2025. the Iheatre was a central venue for the ATOM Festival ol Suente and Teehnolo8y and Abir$8don Music Festival. lsleyPark.. Abingdon School operate5 a 5ub5tantial track and field faolity in the north of Abingdon talled Tllsley Park. The slte has three S-a-side football pCheS. Iwo full size A51ro-turf hockey pitthes. a full-size artificial pitth for rugby. lootball and American football as well as a 7-a-side football pitch that is also suitable lor rugbytraihing. Thesè lacilities are regularly rented to local community clubs and schools. filsley Park 5vpports annual sports days for local schools free of thar8e. 3S cornmunity clubs re8utsrty use fi151ey Park for training andlor competitive rnatche5. The SEhDgl'5 5pgrt5 Centre aLso runs an extensive prograrnme of actwities for the cornmunity, includin8 the Abin8don Swim School,. the Abingdon Sports and Leisure dubwith accè$5 to fatilities and exertise classes.. as well a5 courses, camps and academies. The swimmin8 pool has been used to wovide swimmin8 lessons for local Prlrnary Schools. CollaboTatlon Ablngtlon School is aware of thÈ &ttion it holds both within the lool eduotional landscape and wlthln a broader naiioftal pitlvre of sthool provi54¢. To this end ihe sthool has worked hard to set up and develop partnerships with local schools whith continue to grow and thrive acros5 academic and tross-curritular settings for the benefit of all Stakeholders. Page 8
ABINGDON SCHOOL REPORT OFTHE DIREcfoRS FOR THE YEAR ENDED 31 AUGUST 202S lrnpaa: There have been 25.SOJ studeni eypefiences across the yèar. an increase from 19.CIJO In 2022123 and 25.OCQ in 2023124. cer 3C4) Angdon students have been in¥ol¥ed. and almost è third of staff members. 86% felt if was an invaluable or interesiin8 exwfjence and would take part again. The development ol a new skllls measure for Abingdon students hopes io demonstrate and measure the skills developed by getting invofved In partnership activities. Ablngdon Sthool In Partnershlp.. The mairt focus of 2024125 was to conlinue to develop our proBrammes an ènsure student invofvement and avaIla.11tY of leadership opportuniiies. Abinedon School is a member of the OXI4 Leaming Partrwship www.ox141 forrnal state and independent school partnership launched in Novembw 2021. He3dteacher5 from across thè six schools iftvolvéd have worked tO8e¢her to create a mutualty benefioal partnership based on challenge, inspiration and support ror students and staff. In 2024125 there were ovw 4000 hours of student experience and 37 artivities. The OX14 Learning partnership is a Stron8 gioup of six sthools in the OXI4 postcode and the coordinator works with lh• OPeratThs Group and School leade15 to ensure a wide and dNerse offering of programmes and activitie5 indudSn8 leadefship opportunities lof sludent5. These activilies hope to provide opportunities for aspiration and hallen8e and brine Stvdents frorn acr055 schools to work 108erher. Three lar8e scale core events focu5 on the Cofe aims. The 3 events InspirED. Challen8ED SupporiED. have been a huge success involvin8 over 4C studenrs (rom years 8-10. Supplemeniary pro8rammes andextended events have seen 5tudertt5 from across age ranges rake part tn a diverse ran8e of ottivities to support the airns of the partnership. Academic CoaEhlni is an embedded actiwty within our Partnership pro8ramme sei up to irain student5 in coaching ski115. The 5ession5 cover leadership. listening skills. the coachin8 conversation and 5afeguardin8. After completin8 the trainin& students a¢r05s sch(bols work wilh youn8er peers to support them in iheir studies and academic goals. Last year 45 students were irained in coachin8 and carrted out 4LIJ hours of coachin8. The Peer Support Lead proeramme works with students au055 OX14 Learning Partnership Schools io tiain and delivera collaboiative pro8ramme for sixlh form students. The PSL programrne aims to erthance e¥isiin8 Pastoral support structures in sthools and brine students together to learn Skills. Students are irained in ernpathetlc Ilstenin& creatNe lorterin8 and mental heahh awareness to pro¥ide invaluable support. Throu8houi the year students take part in chalEenÉe days and joint events. Challen6e days are often supwrted by local buslness partners and brin8 Students 108ethef to collaborate and develop new skills. IAfter Abingd•n' proyamrne: partnef schools attended a range ol events aimed at the next steps beyond school. Activities included webinars on Oxbridge, considering alternatives to university. gap year5 and understanding student loan& Local school students weiealso invited to attend the Futures Fair. a universities fair with a range ol institutions aimÈngto broaden awareness ol a¥ailable degree courses and unNersities. Goveinance.. Ei8hi members of staff ser¥ed as Go¥ernois of local primary and secondaryschools, with l ot those takin8 the role of Chaif. Abingdon is happyto release colleagues io complete theii 8overnance duties when those commilments lall at times when the sialf would usually be in Khool as the School understands ihe benefit for all parties. Llbrary.. During 2024-25. the librarian ha5 stepped back fr¢)rn making rna cgntributions to Ihe development of a partnership-driven natioTral prograrnrne of 'information liiefarf teathing in ordtr to able to invest more time and ener into tar6eted iDier¥entions likely to yield Immedia and obvious benefits to stvdents. This Includes buildin8 on a lon8sthndin& infomial partnership with the e(Jucau"on resour provider JCS aimed at providing free support for specifK aspects of teachlng and leaming that le¥era8e the potential of d48ital resovrces, and conducting research to support decision-making and 5trategK thinking in a lange of areas. The m05t significant output Irom this partnership w35 the first in a 5erie5 of 'whiie paper5, for senior leaders. which so lar has gone to more than 2CKt Deputy Heads and Directois of Teaching and learnin& the librarian also to-ran a well-aitended discussion on di6ital literacy at the 2025 national conference of the khool Library Association. Over the past year, librarian has continued to'mentor four early-career libraiians at state secondary Paee 9
ABINfjDON SCHOOL REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2025 schoo15 in England. and to liaise wilh fellow 5chod librariansacross the UK to hdp them develop and deliver EPQ pro8rammè5 in particular and more 8ener311y lo hdp them Ewaluare the potential for dlgital infoimatio res¥ufces to Support teaching and learnin8 in thwf school. This support includes bespgke written guidance and one-i(we advice,. dur8 2024-25, the librarian assisted sthools in this manner. Prlrnary Partnershlps Our vffjrk Vth local primary sthools tt*ntinues to develop and grow with a range of activirie5 in differenr local schools. In 2024125 over 180 children attended workshops induding a fime and Place Topic mornin& Business Challenge and Lefs Communicate WOTk5hop5. SportsPartnershlp5Wesupponed and hosied a cricketfestivalforlocal primary5choo15 acr055 2 days, 10 schools artended with over 150 children. We ran a weekty multisport dub lor pnrnary aged children led by our student coache5. Arts P•rtnershlps TheAbingdon Film Acoderny ran weekly after sdbool se55i0n5 at Larkmead School throu8hout the year. These invohed on average 18 student5 acros5 years 7-10. Four fAms were made over the three terrns. A new workshop for local prirnary school pupi15 looking at fheoire History was developed as part of ihe 'fime & 5pace' Ihemed Hurnanities mornin6 in October. alon8 With a repeat of the 'Body Langua8e' workshops in February. Ablngdon Prep In Partnershlp IAPIPI The prep sthg01 has made links with 5 local Primary Schoo15 and run ctivitie5 across Soence. DTand Spon. Colleagues fun W0$hOpS and sessions and welcorne schools to use their facilities in these areas. Within sport we have run collèboraiive sessions with our own pupils and local primary pvpils in Year 2. lor uicket and hockey se55ion5. and Year 6. for football sessions. As part tsf oui link wlth local pfirnary schools. we have Ine a working group from West Oxfordshire. who aim to bu¢ld connections and support primary Science teaching by panaking in Iwilight sessions. for exarnple 5e5sions that airn to improve Pfaciical science within the KSV2 biology curriculum and give staff easy idea5 lor how to make learning more Pfaciical. Abingdon Prep has tontinued to work th the Peer Pport Lead5 from Abingdon, supportin8 the iiansilion to Year 9. Continued links wth the PSLS rntan that we have been able to èstablish sessions this year focusifte on ¥apirn8 and diet. Ablngdon Sclence Partnershlp IASPI. The dedicated Parinerships Labocaiory in the Yang Science Cenire continue5 to be an essential community asset and the eenSIve pro8ramme of primary 5ciente workshops. stiente Ilub5. and astronomy activities engages with a network of nearty ihirty her $chlS in the area. ASP lfflwrt.. In 2024125 ASP ran 65 primary science workshops with schools From ihe local network. including planetarium workshctps. Studenr Science Ambassadors and collea8ues assisied wilh the running of monthly Saturday Science Clubs for children and pafents in collaboratTron with SCIen Othid. Greenpower F24 Challenge Team.. ASP has once again supported Fitiharrys School in the Greenpower F24 challee. Tht5 year. the ieam worked on improvin8 the airflowcooling system of their kart. Worklng wlth nationol scle¢ oryonisotloAs rofftmer¢lol componles.. The ASP Cogrdinator is a School5, Observatory Champion, working c105ely with The Schools. Observatory to develop astronomy education resources ansj promote the teaching of astronomy in schoots_ The ASP Coordinator is a150 on the steerin8 committee ol the Astronomy Educators & Outreach NeOrt and acts as a liaison for the UK Atornic Ener Authority Education & Public Outreach. Page 10
AOINGOChY SCHOOL REPORT OF THE DIRECTORS FOR THE YEAR ENDEO 31 AVGUST 2025 Strearnllned Ener arrfl Carbon Reportlw15ECRI As part ol the obli8ation5 ser out under the Energy and Carbon Report Regulatknns 2018. the School is required to disc195e the energy consumed and carbon dioxide ueated as an t¥8ani5atTron over the last reportlne year starting on or after Aprll 2019. To fulfil this. we have measured our UK enew and greenhouse gas emisslons a5 dassified withinscope l and 2 which arepre5ented in table l. In addition. we have included our SCDpe3 emissions related to business travel in employee-owned vehide5 where the schogl reimburses the mileage and fuèl allowance and boarding pupil travel (home to school durir4 the year- table 31 along Wlth iniernational travel relating to Scho trtps (table 41. Table 2 contains the mnver5ion faclors used in the calculation of ihe5 figures. ComparatSve figures using hi5tofical corwersion have been induded for prioryears and ourbase repprting year. Orynlsatitinal and Operational Boun¢1•rS of th 5th001. The School does not have a complex company str¢Jtture and therefore accounts for I( perceni of the greenhouse 8a$ IGHGI emissions from operailons over which it has control. including the tradin8 subsidiary_ Its Slructural3nd operational boundaries are the samewirh the School operating Irom four siles-. Abin8don Sthool. Paik Road. Abin8dgn Abin8don Preparatory School. Josca5 House. Kingsion Road. Frilford Ti151ey Park. Dunmore Road. Abingdon 8oathouse, Wllsham Road, Abin8don The khool operates a flee¢ of sixteen miiwbu5es for ihe purpose of puwl transportation a5 well as a number of grounds and other road ¥ehe5 used in the operation and rnaintenance of its 5ite5. Methodolo. The methodology used determinin8 ener8y and carbon emissions within this section of the report Uses data from a nurnber of Souf ofour 8reenhouse emissions: Natufal 8as vsed lor heating ihe bvildings we occupy antl for hot wat¢r (Stope 11 Fuel consurnption in company owned vehicles for business vse (Scope 11 Electric used for lightin& coolin& air conditioning and point of use waier heaters (Scope 21 Mileage from reimbuf5ed daims for business use in staff Lswned vehides (Scope 31 Gas and dèttricity consurnption figures have been taken from invoices and sub-meter readings as appropriate. Where the readingslinvolces do noi ¢ovèr a full year. wt have estimaied the consumption for Ihe fvll year based on ihe averagè tt*nsumption per day in the period. consumption foi company ¢)wned vehicle5 Is measured fiom fuel card5 Used by staff when in tontrol of business owned hIde$. MileaBe from reimbu¥5ed ckims from staff has been calculated u5in8 the 5tarxlard rate of 45p per mile. For a base year the School has set the fifi0a1 year September 2017 to Aueusi 2018 as the earlTrest period for whith reliable data is available for the sources above. We therefo include figures lor the financial year September 2017 to August 2018 and September 2023 to August 2024 as a Comparison. Intensity ratios normalise emissSons dats with an appropriate busine55 metiic or financial indicator. This allows z comparison of energy efficiency perfom)ance over time and with other similar types of organi5alion. We have th05en io measure our overall emissions per avera8e annual number in each reportin8 year as well as our annual tuinover I£IW,¢)JOsl. Pa8e 11
ABINGDON SCHCKIL
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2025
Ener8yConsumpllon, Greenhouse Ga5 Emissions and Inten51ty Ratios
¥se
ve
so
r10174018
635 rnoU5110D kwh
5 172 946
ran
rt Iltre5
Transport kwh Ikope 11 ts(rorfr(ffirnile511it5
to kwh
19.0
I99.3
279 743
572
T¢ans
les
Trans¢ kwh lknpe 31 frorn Th4lEsnltres
t¢Wh
Total consum
kwh
6.397.782
6475 201
Émlulons fromcombuATrO1
02e
EmiS510ThS from t0mtsust1 of fu f•r pufpDse5tCO2e
757
65
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r
ABINGDON SCHOOL REPORT OF THE DIREcfoRS FOR THE YEAR ENDED 31 AUGUST 2025 The Schod mini bus fleet has been redu¢ed by iwo buses and new more erKY8yeffitieni mini buses have replaced oldei diesd mini buses. We ha¥e rerwed ihe origlnal boiltrs in theAmey Theatrt wi¢h rw energy effititnt boilers with sub metering. A beehive has been installed in Glynd¢)wr orchard garden. Across theAbingdon Foundation estate portf•0. we currently have fNe major r(hJf area5 fitted with sclar panels. We ha¥e installed air 50urce heat pumps wfrlhin our iwo recentty built boarding Houses and our new Pavilron Dinin8 room and we have water borehole5 thai facditate the watering of our main rugby and CTrtkei piiches. ive rematn committed to fvrther reducing our Cathn Footprint arKI impro¥ingtyJr environmental SU5tainability. In p?rriculèr, the followinB project5 are planned for this finaKial year.. l. Thè Tilsley Park flood lighting proiect= eniirety replacinB all ihe floodlights with energy efficient LED flo&Jlights. 2. The installation of 131 solar panels at filsley Park io Improve ihe sports facility Cèfbon footprint Planting of more biodiversity zones at the Prep School and development of more hedging and tree planting to support wildlife habitat on the main Abin8don School site. EgyalltyArt Ablngdon Schogl complies with the Equality Act 2010 and is comme0 to pro¥Klin8 equal opportunitie5 in employment. The School's policies seek to avoid unlawlul discrimination in all aspect5 of employment induding e£ruitrneni, promotion. opportunities for tiainin& pay and tenefits, discipline and selectton for ¥edundanc¥. Dtsabled pews The School will employ disabled person5 when they appear to be the most suiiable candidate for a particular vacancy and every effort tr5 mède to ensure thw are eNen full and fair consideration when such vacancies arise. Durlrte employment the School seeks to wcyk with employee5. cun$e(Irtg their personal cir¢vmstafttes. to ensure appropriatetrainin& development and advancement opportwlities are available toenable them to reach their full potential. SectEon 172 soatem*rt This section is in response to a reportin8 Tequirement to explain how the Governors. as Directors of ihe Charitv. have had re8ard io broader stakeholder intèrests when performing their duties Under settion 172 of the Companies Act 2006. It 15 iniended to act as a '51gnp05t' to the relevant ar?35 of ihe Governor5, repDrt and not to rèpeat the thscussion in other seuions of ihe report. The Governors understsnd the iiiiportance of maintaininR p¥oductive relaiionships with all stakeholders. Thev do this in manyways, includino as de5uibed in our Section on Public Benefit Ipa8t 71 and Employee involvement Ipa8e 31. The inclusion on page 11 of an EnerÉy and Carbon sellion dernonsirate5 the Governors, regard tg the role the Charity plays in dimate than8e. Our Aim5 and Ethos slatement on page 3 euides ihe Ime-term dethsion makln8 of Govemors and the sertion on page 4 explains Ihe dlS10Th5 taken in the interesis of all the Charit(s stakeholders in response io risk. The commentary. Slartin8 on pa8e S. that di5CUS5es academic results. 8rant.rnakin8 policy. plans for future periodsand capital deyeloprnents hejpsexplainthe Governors. fowson thepromotion and succe5softheCharity for the pupils at Abingdon, both ojrrenily in the luiure. Finally. thè settion on Strutture. Governance and MaThaÈèment starting on page 2 underlines the locus ol the Governors on runninB the Charity elfettively and to stsndards for ihe benefit of all its stakehderS. Page 13
ABINGDON SCHOOL REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2025 siatement of Dlrtrtorf AÈsponsWltle5 Thedirertorsare responsible for preparin8the Direuofs. Report and the financial staternents in accordancewith applicable law and regulations. Company law requires the directors to prepare linancial statements for e3ch linancsal year in accofdance with United Kingdom Generally Accepted Accounting Practice (United Kin8dom Accountin8 Standards) and applicable law. Under cornpany law the director5 Must not approve the financial statements unless they are satisfied that ihey 8Ne a true and fair view of the slate of affairs of the tharity and the 8rovp and ol the surplus or deficit of the 8roup for thai pertod. In weparin8 these financial sthtements. the directOTS are required to". selett suitable accovfitlng policies and then apply thern consistÈntty.' observe the rnethods and pcinciples in the Charilies SORP.. rnake judgernents and accountin8 estimaies ihat afe asOnable and prudent.. stale whether applicable UK Accountin8 Stantlart1s have been folknwed. Subject to any material departures disclosed and explained in ihe financial starements." prepare the financial statemenis on the 8obnR concern basis unless it is inapwopriate to presume that the tharitable company will continue in The directors are fesponsible for ensuring that adeouaie accountin8 records are maintained thai are sufficient to show and explain thètharitV5 and the group's tTansactions and drsclose with rea$¢able accuracy at any time the financial position of the charity and ihe 8roup and enable them io ensure that the financlal statements comply Wth the Companies Aci 2CKI6. They are also responsible for safe8uardin8 the a55ets ol the charlly and the group and ensuring their proper application in accordancevjith chaitty law. and hence for takn.ng reasonable steps for thè prevention and detection of fraud and orher irregularitie5. Provlslon oJlnfvmi•t•on to the oudltor Each olihe persons who a directors at the time when this direttors, report Is approved has confirmed that.. so far as that each director is aware. there is no relevani audit inflxmation of which the thafitable cornpany and the Group's audiiof is unaware- and eath director has taken all rhe sieps that OU8ht to have been tsken as a director in order to be aware of any information needed by the chariiable company and ihe Group's auditors in connection wilh preparin8 their report and to establish that the tharitable company and ihe Group'5 auditN l5 aware of that Informatlon. Audttor Grawta Audit Oxford LLP ha5 indicated its wllin8iiess to coniinue sn oifice. The Report of the Directors and incorpoiaied 5trate8ic Report were approved by ihe Board on 3rd Oecember 2025. JAMES SPORLE Chalr of GoverrKJIS Page 14
ABINGOON SCHOOL INDEPENDENT AUDITORS. REPORTTOTHE MEMBERS OF ABINGIM)N SCHOIX FOR ThE YEAR ENDED 31 AUGUST 2025 Independent Audttorf Roport to the membors olAblnekn Sthool Oplnlon We have avdiied the Imancial statements of Abingdon Sthool Ith• 'parent charita1¢ company'l and its subsldlarS Ithe'8roup'l for the year ended 31 Augvst 2025 whKh comprise con501idated siatement of financial artlvities. the sth¢)ol and con501idated balance 5heets.the consolidated statement olcash fl¢)ws and note5 to the financial 5taternents. including significant accounti policies. The financial reportFn8 framework that ha5 been applied in their preparation is ap1¢able law and Uniied Kin8dom Accounting 51andards. indudin8 FRS 102-The Financial Reportin8 Standard applicable in ihe UK and Republic of lieland- (United Kin8dom GenerallyAccepted Accounting Practicel. In our opinion the finandal siatements.. gNe a true and fair view ol the state of the 8roup's and the pafent charitable comp3n¥ls affairs as at 31 August 2025 and of the group's incoming resources and applicatn of resources. induding its income and expenditure, fof the year then ended.. have been properly prepared In attordarKe with United Kingdom Generally Accepted Accountlng Practice,. and have been prepared in accordance with the requirements of thècornpanies Aei 2ri)6. Basls lor opSnl( We conducted our audit in accordan t¥iih Internaiii)nal Standards on Audlline IUKI IISA5 IUKII and apPIable lèw. Our responsibilities under thosestartdaids arefurther described in the Auditorfs responsibilities forthe audit ol the financial statements seciion of ov¥ rewKt. We are independent of ihe group and parent charitable company in accordance with ihe ethical requirements that aTe ieleva•i to our audit of the financial statements in the UK. including the FRC'S Ethical siandard and we have fulfilled our other ethical responsibilities in accordance th these reqvirements. We believe that the audit edence we ha¥e obtained is sufficieni and appropriate to provide a basis for Ouf opinion. Co"nclusion5 relatin8 to goin8 concern In audttin8 the financial slaternents. we have conduded that the trvsiees. use of the going concern basi5 01 accounting in the preparation of the financial 5tatemenis is appropriate. Based on the work we have performed, we ha¥e not identif*d any material uncertain¢ie5 relati to event5 or conditions rhat, individually or collertwely. may osi significant doubt on the group's or parent charitable compan¢s ability to continue as a 8oin8 conrn loi a period of at leasi tWee monihs from when the financial statements are authorised for issue. Our responsibilities and the responsibllities of the trustees with respect to going concern are desuibed in the relèvant sections ol this rep)rt. other information The other information Comprises the informaiion included in ihe Reporr and Accounts other than the financial statements and our auditorfs repwi ihereon. The twsiees are responsible for the other information contained within the Report and Accounts. Our ownion on ihe financial statements does noi cover the other information and, except to the extent othe¥vrise explittity stated in our report. we do not express any form of assuran eonclusion thereon. Our responsibility is to fead the oiher infonatIOn and. rn doing so, consider whether the other information is materially inttjnsistent wth thè finantial statements or our kn¢)wled8e obtained rn the tourse of the audit or othenlSe appears tts be materially rnisstated. If we Identify suth material inconsistenties or apparent material Page 15
ABINGDON SCHOC INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF ABINGIKIN SCHOOL FOR THE YEAR ENDED 31 AUGUST 2025 mi$5taternents. we are required io detem)ine whether this gives riseto a material misststement In the financial Staternents themselves. If, based on the work we have performed. we condude that there is a material mi55tatement of this other information. we are required tts report that fact. We have nothlng to repjrt in this regard. (Iplnlonson othermattws wesulbed bythe CMwtesAci 2006 In our oplnion, based on the work undertaken in the courseof ihe audit= the information Biven in the Directors, Reporl. which indudes the Directors. Report and ihe Strategic Report prepared for the purp05e5 of cornpany law. for the financial year lor which ihe financtal ststements are prepared is conslstent with ihe finan¢ial statements- and the Oirettors, Report and the Strategic Report indudedwithin the DKettors' Report have been prepared in accordante with applicablè legal requirements. Matters on whkh we are requlred to report by ex¢eptlo In rhe light of ihe knowledge and understandin8 of the eroup and the parenr charitable company and their environrnent obtained Sn the course of the audit, wehave not identified maierial rnisstatement5 in the Director5, Report or the Strate8ic Report induded within the DiTecrors' Report. We have nothine to report in rèspect of the following matters where the Companies Ad 2006 reouires us to report to you rf. in our opinion.. adequate accounting recofds have not been kepi by the parent charitable company, or return5 adequate for our au¢ii have noi been recelved from branches not visited by us." or the parent charitable company finantial statements are not in a8feement with the accounting records and retufns,. or certain disclosures of trustees. remuneratioft specified by law are not made" or we have not received all the information and explanations we fequire for Our audlt. Aespwsibllltles of trusteos As txplalned more fully in the statement ol Direttors. responsibilities set clut on page IS. the trustees Iwho are ako the diretttsr5 of the charilabk MpanY fof the purpose5 of company lawl are responsible ftx the preparation ol ihe financial 5tatement5 and for being satisfied that they give a true and fair view, and for such intwnal control as the trustees determine ss necessary to enablethe Fweparatlon of financlal staiemenis that are free from material missiatemenl. whether due to fraud or error. In preparing the finanoal statements. Ihe Directors are responsib for assessing the group's and paient cha¥rtable companvs ability to coniinue as a 80in8 concern, disclosin& as appltcable. matters related to going concern and usin8 the goina concern basis of accoun¢4n8 unless ihe trustees either intend to liquidate the group or parent charitsble company or tg cease operaiims. Of have no realtstic akefnati¥e but to do 50. Audltor< re5ponslbllhlesfor the audlt of the finantial siatem Oui objectives are to Obta rèasonable assurante about whether the finanoal statements as a whole are free from rnatèrial mtssiatement. whether due io fraud or eiror, and to sue an auditorfs replyt that indude5 our opinion. Reasonable assurance is a hh level of assurar. but is not a 8uarantee that an audit conducted in accordance with ISAS IUKI will always detert a maiefial missiatement when it exisis. Misstatements can arise from fraud or error and a considered materSal if. individualty or in the ag8re6ate. they could reasonably be expected to influence the econornic decisions of users tsken on the basis of ihe5e financial statements. Page 16
ABINGDON SCHOOL INDEPENDENT AVDITORS. REPORTTO THE MEMBERS OF A8INGDON SCHO¢X FOR THE YEAR ENDED 31 AUGUST 2025 The extent to whkh the audlt was ¢onsldered rapable ol dete¢tlni Irrryularrl•es. indudln8 fraud Ourapproach to iL1entifying and 355es5ingthe risks of material misstaternent in respect of irre8ularitie5, ClUdIng fraud and nO(OmplIance wth la and regulats. Wa5 as follows: the ereement partner ènsured that the en8a8ement tèam collectwe had the appropriate ompetence, capabilities and skills to bdeniify or reccenise nty)<ompliance wkh applicable laws an regulations.. we ideniified the laws and reeulations applicable to the8roiip through dis¢ussions with directorsltrustees and other manaaement. and from Lwr knowledge and eXpernCe of the settor-, we focused on spEcific law5 and reBulalion5 which we considered may havè a dirert material effect on the finantial siaternents or the operat*)ns ol the8roup. we assessed the extent of compliance wilh the law5 and regulations Identified above throu8h makin8 enquirie5 of management and inspeuin8 leeal correspnee.' and iderttified laws and regulations were cornmunKated within the audit team regularty and the team remained alert to instance5 01 non-compliance thioughout the au(t. We assessed ihe susceptibility of the group's financial 5tsternenis to material rnt5Statement. includin8 obtainin8 an understandin8 of how fraud mi8ht occur, makin8 enquiries of management a5 towhere they considered there wa5 susceptibility to fraud. their knowledge ol adual, 5115pected and èlleged fraud.. con5idÈring the internal controls in are io mitigaie risks of fraud and non-cornpliance with laws and regulations.. and To address the risk of fraud through management bias and override of controls. we.. perlormed anatytical procedures to identify any unusual or unexpected latIOnShIps. tested journal enirie5 to identify unusual transactions- ssessed whether juil8ements and asstsmkxions made in determinlne the accountine esiimates were indicative ol poteniial bias.. inve5tiBated the rationale behind 5ignifKant or unusual iransaaKJns. In response to the risk of iiregulaflties and nort4offlpliante with law5 and regulations, we designed procedures which Induded. but were not limited to.. aerean8 financial statement disclosures io undertying supporting documentation- reading the rninutes of rneetings of those charged with 8o¥ernance.' enquifing of managernent as to artual and potential liti'gation and clamms. There are inherent limitation5 in our audit prLKedure5 described above. The more removed those laws and regulations are from financial tran5artions. the le55 likety it is that we would become aware of ngn<ompliance. Auditing standards also limit the audit procedures rÈquirtd to identify non-ctsmpliante with laws and regulations to enquiry of the directorsltrustees and other rnana8ement and the inspection of regulatory and è1 correspondence, if any. Material missiatement5 that arlse due to fraud can be harder to detett than the that arise from error as thev may invoFve deliberate ncealmen1 w collusion. Pa8e 17
1111PENDENT AUDITORS. REKIRTTO THE MEMOERS OF ABIP4GDON SCHOOL FOR YEAR ENDED 31 AUGUST 2025 A further descrlption of our fesponsbbilitie5 for the audit of the finandal statements Is prOded on the Flnandal Reporting Council's website at h Thls des¢rlptlon forms part of our auditols report. V5e of o¥r reptyt Thi5 report is made 501dy to the tharitablecompanrfs members. a5 ¥ b¢)dy. in a¢COfdancÈwlth Chapter 3 of Part 16 of the Companies Ad 2CYJ6. Our audit work has been undertaken $0 that wè ml8hi state io the charitable companvs member5 those rnatters are requlred to state to them in an auditorfs report and for no other purpose. To the fullest extent permltted by law. we do not wptorassume responslbllltyto anyone other than the charltatsle company and thè charltabbÈ ¢ornparfs meffltjers as a body. for ourauditwork, for thi5 report, or for the opinions we have rned. ROBER KIRTWD ISenTor StatutoryAudiior> For and on behall GAAVlfA AUDITOXFORD LLP, *atutory Auditor Charted Accounlants Ffjrst Floor Park Central 4ts41 Park End Street Oxford OXI UD Date 1212025 Pa8e 18
ABINGDON SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Consolldated Statement of FtAatKial Artlvif Ilntorporathy 5ncomt and empendllure attountl Note Unrestrirted Restricted Endow Fund5 Funds Fund5 2025 Total Funds £'ooo 2024 Total Fund5 INCOME A140 ENOOWMENTS FROM.. Charitable activitie5-. School fees Ancillary inccme Éarned from charitable activities 29.899 30.541 2,752 33.293 4a 31.803 32.803 Donation5 Trading & letlin8S Investrnent5 li 1.401 iio 34.325 340 IAOI 147 34,691 564 1,327 55 35.239 TOTAL INCOME 338 EXPENDITURE Expenditure on charitable adivities.. School operating costs Cost5 01 raising lunds 32.351 201 169 361 32NZ 201 33.187 191 5a Other expenditure- Tradin8 & lettings costs Finance costs TOTAL EXPENDITUAE Sa 950 33 3353$ 950 37 34.070 i.o( 169 366 34,470 NET INCOME BEFORE GAINSI ILOSSESI ON INVESTMErffs 790 169 {3381 621 769 ILossesl l Gains gn Investrnenis Transfer5 9b 14 li 12481 27 1251 56 125 273 NEf MOVEMENT IN FUNDS 13361 677 893 Balante brought fr*rward at I September 52.210 1.705 IL136 65.052 64,158 BALANCE CARRIEO FORWARD at 31 Au8USt 14 53291 1.637 10,800 65,729 65.052 All amounts relate io continuing opèrations. The notes io the financial slaternents on pages 26 to 37 lorm part of these account5. Page 19
ABINGDON SCHOOL FINANCIAL sfATEMEMTS FOR THE YEAR ENOED 31 AUGUST 2025 Schod and Consolldaled Sheèts GROUP 2025 SCHOOL X125 É'ooo 2024 £'OLKJ 2024 £'ooo FIXEDASSETS Tangible fixed as5et5 Investment assets 66.726 1.378 68.104 72.941 1.478 74,419 66.721 1,378 68,099 72,927 1,478 74.405 CURRENT A55ETS Stocks Debtors linc. £3,166k due after one year) Cash 32 32 1.937 1.023 2.991 27 6.$42 2.952 9.521 27 1.920 732 2.679 io 3,351 9.972 CREOITORS.. Due within one year li 17.1711 17.9101 17,0861 NET CURRENT A55ET5/IUABIUTIESI 1.949 14.1801 1.611 14,4071 TOTALASSETS LESS CURRENT UABIUTIES 70A153 70.239 69,998 CREDITORS= Due after more than one year 12 143241 15.1871 14.3241 15.1871 TOTAL NET ASSETS 65.729 65.052 65.385 64.810 ENDOWED FUNDS 13 io 11.136 10,800 11,136 REST AicfED FUND5 13 1,617 1,705 1.637 1.705 UNRESTRICTED FUNDS 13 53.292 52.210 52,948 51,969 TOTAL FUNDS 14 65.719 65.052 65J85 64,810 As permitted by 5408 01 the Companres Atl 2(1)6. thÈ tharitable tompany has not presented a separatÈ Staternent of Financial Activities and Income and Expenditure Attount. The tharitabbe companvs net income after expenditure wa5 £576k12024.. £781kl. The finanual statemerbts were approved by ihe Board ofGo¥efrws of Abingdon khool on 3rd December 2025 AMES SPORLE Chair of &)vernors The notes to the financial sta¢ents on page$ 26 to 37 form part of these t0t5. Company No.. 3625063. Pa8e 20
A8INGDON SCHOOL FINANCIAL STATEMENYS FOR THE YEAR ENDED 31 AUG115T 2025 Cansalldated St•temnl of Casth Ilfps Notes 1075 2024 E'OOO ri•t cash ynttat•d fr< •pei¥ttws 18 1779 7.283 Payment ftytsnwble fixed ats Proceeds from sale of filed assets Payments for financlal Investments Cash wlthdriwn fmm In¥e5trnent portfollo Oank Interest rece4ved Net osh lbsorbed by IN¥esiiry actl¥4tfes 17171 15,1291 li 9b 202 187 1417) 14.9271 •rtIlI¢S.. Cash louthowllinflow from revoknnu ban* credit facility Bank char8e5 Interest paid Net cash 8Wt•r•ted Il•bs¢wb•dl by fln•ndr4 acllvltl 12,0001 1131 174) 12,0871 1151 1331 Incms•ADeue¥5el In c•sh kn the 319 Cèsh and Cash equivefits at I September 75S Cash and cash w¥h•lonts •1 31 AUWMI J,351 1.023 The notes to the Ilnancial statements on p•s 26 to 37 forrn part oFth&e accowts. Pale 21
ABINGDLY4 SCHOOL FINANCIALSTATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2025 COMPANY LI•AITED BY GUARANTEE The School is a tompany limited by guarantee. registwed in England. and is a Registered Charity. Each Directtsrf5 liatxlity would be limited to an arThJunt not èxceedin8 £10 in the e4ent of the school nd1ft8 UP. ACCOUMnNG POLICIES AccountlngCon¥entlort The financial 5tatemenis have been prepared in acCordae with Accounting and RepgrtinB by Charitie5.' Statement of Recommended Prattl applicable to charities pparing iheir accounts in accordance with the Financial Aeportine Standard applicabFe in the UK and Republic of Ireland IFRS102 effective l January 20191- Charities 50RP IFRS 1021. the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Att 2rJ)6 arKI under the historical cost convention modified to include the revaluation of invesimenis at farr value. lft accordance with FRS 102 as a quality"n8 eniity, the School has iaken advantage of the txemption from the following disclosure requirements-.- Settion 7 Statement of Cash Flows- Presentation of a thar5ty only Statemeni of Cash Flow and related notts and disclosures. Thefinanoal statements aré wepared in sterlin& which is thefunctional currency Oft charity. Monetary amounts in ihese financial Statements are rounded to the neave5t £1.0. Abin8don School meets the definition of a publK berlefrt entity under FRS 102. The thariirfs business addres5 AbldOn Stho(A. Park Road. th"n8don. Oxfordshiie OX14 IDE. bl GOO concern At the time of aPPfovir)g the finanoal statements. Ihe Directors have a reasonable expertation that the tharity and 8roup have atlequate reSCwr to Conlinue in operattonal existen for the fo¥e5eeable futurt. We have prepared a number of scenarios that congder our cash position, source5 of income and planned expenditure. These snaTioS considty reduced pupil number5. reduced fee5 and potential bad debts as well as the impacr of VATand affordabiliry on fe Sensiiivity arovnd these as5VrnPtions has also been considered in our forec35tln8. Re5vIts of thTrs cash Ilow and sensitivity anatysi5 indicatethat the c3sh reserves of ihe charity are adequate to meet the charitWs obligations as they fall due. Thus the Directors ontinue to adopt thè going concein basi5 of accounting in preparing the finaneièl statements. Ba515 of consolldafi¢)n The consolidaietl leroupl attounts comprfse the tharity and itswholly-owned subsidiaryAbingdon School Enterprises limited_ All intra-group iraftsattions. balancés and UnalISed gains on transactions between eroup companies are eliminated on tonsolidètion. A summary of the prof4t and loss account foi the SUbslary is shown in rtote 17_ A separaie 5taiement ol Financial Activities and Income and Expenditure account for ihe School itself has not been pfesente<l in accordance wilh the exemptions afforded by Section 408ofthe CgmparHesArt 20)6. The Sthool's incomewas £33.338k12024-£33,950kl. expenditure £32,818k12024 £33.294kl. and a gain on investments of £56K WvlNd net Income of £576k12024-. £781kl. dl Fees and Slmr Inwme Fees reteivable and charges for servtce5 arKI vseof premises are accounied for in the period in which the SeTr1 Is provided. Fees recivablt are stated after deduttinE allowances, scholarship5 and othèr rernisslons allowèd by the School. Interest income 15 accrued on z tiM&apFtl0fted ba515, by reference to the principal outstanding at the effetti¥e inierest rate. All income was generated in the VK. Page 22
ABINGDON SCHOOL FIP4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Donations Donations receNed ftr the 8eneral purposes of the Schcd5 arè tredtt•d to 'unrestrTrcted funds, and are recognised when entitlement ID the funds exists. receipt is probable and the amount can be reliably measured. Donations Subject lo specific wi5he5 of rhe donor5 are (arried to relevani reslrirted lund5 Qr to endowed fvnds wherè the amovnt is reqviied to be held as perrnanent capital. ExpendltUf• Expenditure is reco8nised once there is a W or constructive obleatn io make a payment io a third paity. it is probable thot Settlement will be required and the amount of the obligation (an be measured reliably. Certain expenditLJie is apportioned to C05t categories based on the estiMe amount attributable to that activity in the year. Any Irrecoverab element of VAT is included with the item of expense to which it relates. Costs of raising funds comprise the costs a5SOCiated with atirartin8 voluniary irKome as well as costs incurred liaisin8 Wlth alumrm. Charitable expendlture comprises those costs incurred by ihe charity in the delivery of its actNltie5 and services lor its beneficiarTes. It indudes both costs that can be allocated directly to such activitie5 and those cosrs of an indirect nature necessary to support them. Governante costs cornprise the cost of runnin8 the charity. induding external audiL Governors bt8al advice and tonsiitutitsnal and statutory compliance costs. Investrnents Listed investments ale carried ai theii mid4aet value at the bal•ce sheet dale. Reallsed 8alns and losses on investmenis are calculated as the difference beiween sale proceeds and market value at the Start of the year or 5ubsequeni cosi and are cre<lited or char8ed io the statement ol financial acti¥ilies in the year of disp05al. Unreali5ed gains and losse5 represent the rnovement in the markel values during the year and are uedited or thar8ed to the statement of financial actt¥ities based on the markel value at the vtar end. Unlisted investmÈnts are held at cos¢. IrNestment Income Income frorn these in¥e5tments is accounted lor on a recavable basis. Intertst Is accounted far on an acuuals basis. Sto¢ks Stock is valued at ihe lower of c05t and net realisabEe ¥alue. Debtors Trade and other debttsr5 are recognisèd at the settiernent amount due after any trade discouni offered. Prepayments are valued at the arnount prepaid net of any trade discounts due. kl Tani5ble Flyted A55ets Tangible assets are stated at historical c05t or valuation less depreciation. Items of É5.LThXI or 1*ss are expensed in the year. Projecis under construdion are depreciated. Oepreciation is provided on straighi4ine basis as follows.. Buiklings generalty 40 ¥$. in no event more ihan 50years Mgtor vehicles 4 years Sports equipment 4 years FixtLs¥e5. Fittings and Equipment 4 to 10 years The carryin8 values ol fixed ass5 are reeWed for irhwaiwrnent only when e¥ents inditaie the carryin8 value may be impaired. Page 23
ABINGDON SCHOOL . FINApiaAL STATEMENTS FOR THE YEAR ENDED 31 AVGUST Z025 Cash at bank Cash at bank andt3sh in handincludes cash andshortterm hightyliquid investrnents with 4 short maturitv of ihree month5 or less from the date of acquisition or opening of the deposii or simllar account. Credliors liabilities are recognised wSthin the finandal statements in resped of all expenditure for whith the entity has a rneasurable obligation. be it constructwe or legal. at the balance sheet date. Finandal In5trurn*nts The Sthaol applies the prw5ions of Sectiw Il'Basic FinarKial InstrUrrtS. of FRS 102, in lull. to all of its financial $truMeNts. Financial assets and finantial liabilities are re¢oBnised when the School becomes a pany tothecontractual provisions OF ihe instrumeni. antl ale offsei onlywhen the Sthool cuirenily has a legalty enforceable Tight to set off the reco8nised amounts and inrends etther to settle on a net basis. or to realise the asset and settle the liabiliiy simultaneousty. Finunciolossets 8asic financial assets which indude trade and other receivables and cash and bank balances, are rnitially Measured al transaction price includfrng transaction costs and are 5ub5equently carried ai amortised cost usin8 the effective interest method. unless the arrangement constitutes a finantin8 transacrion. where the transactlon is measured at the preseftt value of the future receipts discounted ai a markel rate of interest. Finonciol liobilifres 8asic financial liabilities iludIng trade and other creditors are Initial measured at transadion prite. unle55 the arran8ement constituies a financin8 transaction. where ihe debi instrument is measured at the preseni value of rhe fulure receipts discounted at a market rate ol interest. Other financial liabilitie5 classified a5 fair value through profit or1055 are measured at fair value and are subsequently measured at amortised c05t. Pensfjon Costs The School opefaies two types of p$1 scheme5 for their employees. reoching Stoff The kh¢KJl contributes to the Teathers. Pension Defined 8enefit$ 5theme èt rates set by the Scheme Actuary and athfised ro the Board by ihe Scheme Administrator. The stheme is a multi-ernptoyer penOn Scheme and it is nor possible to identify ihe •sse15 and liabililies of the schemewhich are attributable to the School. In accgrdance with FRS102 ihefefore. the scheme xcounted for as a defirtred contribvtion scherne. Teoching und Non-feoching Stoff Scheme There are three different schemes all ot whith operate on a defined contibbution basis. The pension tost charged to the Statement of Finanual ActNities iewesents the amount of the contributions payable to the sthemt in rtsptct of the zcctyjnting period. Employee benellts The CDSts ol ernployee benefits are recoBnised as a h"ability and an expense. unless those cosis ère required to be reco8nised as part of the (ost of Stock or fixed assets. The cost of any unused holiday entftlemeni is recoKni5ed bn the Per in whlch the employee's seThices are received. Termination benefits are retognisefl immediately as èn expense when the School is demonstrably committed to terminate the employment ol an employee or to provide termination benefits. Pa8e 24
ABINGDON SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST Z025 ql Leases Assets obtarrted underhire purchase contracts are capitalised in the balance sheet. Those hekl uftder hTr purchasè tontracts are depreciated o¥w their esiimated useful lives or the lease iwm, whlchever 15 shorter. Rentals paid under operating leases arechargetl to statementof finanual actr¥ities on a straight line basis over the peri¢)d of the lease. und a¢¢ountln• Restricted funds are to be used for specrfied Purposes laid down by Ihe donor. Expent1iture for those wrposes is charged to the fund, tO8eiher wbih a fair aUo(ation of overheads support costs. Unrestricled lund5 are donations and other irKom1 resources recei¥ed or 8enerated for e¥penditure on the general objettives af the Trusi. Endowment fvnds consist of fixed asset donations where the capital is held to provide income for bursaries. The purpose to whith these 355ets rnay beapplied is restricted in (ordanCe with the terms of the endowment trusL Jud8•menfs and kny sour¢os Ol tlMatIOn un¢•rtalnty In the application of the charitW5 accounting policie5. the Oireclors ale required to make jud8ement5. estimates and assumprions about ihe carrwng arnount of assets and liabilities that are noi readi apparent from other sources. The estimates and a5SOaated assumptions are based on hisiofical experience and other factors that are cOndered to be relevant. Aciual resulls may diffw from ihese e5timaie5. The estimates and UnderIng as5umptKJns arè reviewed on an ongoing basis. Revisions to accounli estimates are recogniseil in the period in which the estimate is revi5e(I where the revision affects only that period. or in the period of threvI0Th and luture periods where the revision afferts bothcurrent and future pefiods. The followlng jud8ements have had the most Significant effed on amounts recognised In the financlal statemenis., Depredatlon of tarrflble flmtd assets The Governois exerose theirjudgement in assesgng thè èxpected remaining usefvl life of the a55ets held. Pa8e 25
A8INGOON SCHOOL FINANCIAL sfATEMENrs FOR THE YEAR ENDED JI AUGUST 2025 SCHOOL FEES Fe retel¥abfe rons15t of: 2025 £'ooo 2024 Gross tuition fees Less.. kholarships. Foundation Grants and Comrnission5 31,894 1718 31,176 32.486 17161 31,784 Less= Bursaries from unrestricted fund5 Less-. Bvrsaries from restrirted funds Total Burwies Ii.OZ91 12481 11.2771 11.0251 12181 11,2431 14et re¢elv4ble 29.899 30,541 OTHER INCOME al Ancillary In¢ome 1025 £'ooo 2024 £'ots) Coaches. rrips and oiher recharges Re8i5traiion fees Retainedfforfeiied deposlt income oiher ancillary income T41 2A75 134 243 52 2.3S8 123 147 114 2.752 bl Investsneni Income 20Z5 2024 Dividends recebved in investmeni portfolio Bank intere51 recetved Tffjal 51 51 147 ss ¢1 Oon•tion5 Incom* 2025 2024 Restricted bursaries Other restricted donations Unrestritted L1onaiions Total 457 106 li 13 564 Page 26
ABINGOOPI SCHOOL NANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 EXPENDITURE Analys15 of total expenditure Staff ¢w Depr•¢. fjatlon. £'ooo Total ¢osos 2025 £'o Expendllwe on chwrtable artiTAtles: Teaching c0$15 Welfare Premises Support Governantr costs (note 71 Coaches. trips and othef Grants, awafds and prizes 15.799 I7 1,06Z 1,721 2,223 2,482 7Z8 158 17,678 3.271 6.593 2.737 3JJ49 31 2.569 9.722 3.207 32A82 Other eypenditure.. Tradine and lettin8 COSIS Fundraising COSt5 Finance costs (note 61 Total ejtpendllure 433 149 S07 io 9$0 201 37 34.070 37 10319 20,534 3.217 * Includes proceed5 from disposal of fixed asws St•ff costs Other costs Dep. lation Total 2024 £'(#Jo Expenditure rm <h¥it•ble altIes. Teacn8 costs Welfare Premises Support Governance cost5 Inote 71 Coaches. trips and other 15.567 1.568 IZ2 17258 3.282 7,138 2.995 2S 2.489 33.187 1903 911 22 3336 106 19.753 10,075 3J58 oihw expendliure: Tiading and letting costs Fundraising cost5 Finance costs Inote 61 Total expendftyre 514 17 1.000 191 107 20.329 10.767 3,375 34.470 ' Indude51055 on disp¢)sal of rued a55ets Support costs indude staff costs and other costs fdated to rnarketin& advertisiw finance, HR, photocopying and other administration costs. Pa6e 27
ABINGDON SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2025 EXPENDITURE Itoniinuedl bl Net Inromini res(wr¢es are stated after c1. 2025 É'ooo 2024 £'oco OepreThation of tangible fixed asset5 Proceeds from sèle of fixed asseis Auditors. remuneraiior for audit Other professional seNces from dit firm- Tax compliance services Oihef non-audit sèrvices 3.217 121 19 3.375 21 The above t05ts indude irnet¢)verableVAT. Émployer p•yroll ¢oMs 2025 2024 Waees and Salaries Social security costs Penslon contribution5 ISJ52 1,7410 2.995 20.277 15,411 1.673 2.859 19.944 Theaverage numberof pefsorts employed by the Groupand thecompany in theyeèr was 41112024.. 4111. Of these 165 were ieachiw8 Staff12024: 1611. In a¢Jdition to the above there were 4912024.. 521 rnusic. 5POrt and ElISh as a For•8n Lan8uage teachers. Inclu¢Jed in wages and salarie5 above are termination payments totalling E25k12024.. £147kl. Neither the Oirettors nor persons connetted wilh ihem received arryfemuneration or othef benefit5 from the Schools or any connetted orRafii%atn. The number of efflployees whose emolumenrs exceeded £60.¢XK) wefe". 2025 140. 2024 No. É60,001.É70,LV) £70,001.£80.fA £80.CQi.£W.OCKJ £.C4)I.£l{x}.C £i00.l-£i10,c¥Lj £IIO.CQI-£120,L £120.CQI.£130.C¢Q EI30.CQI-£140.LKY) £170.001-£180,(PXI £180.001-£190.CO) £190,001-E200.C £240.Lm)1-£2SO.) 36 26 27 Pension costs for 5tsff earning over £60,(Ul were El.352k12024- El,338kl. This relate5 to Defined Contribulion schemes for S8 staff12024." 571 and tjefined 8enefit schemes for 22 staff12024.. 211. Page 28
AB114GDON SCHOOL NANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST Z015 EXpETuRE lrnntlnuedl dl K•y manwment porsonnel (Group khooll The annual ¢ost for the members ot staff who are consldered to be key rnanayffit personnel Iln addltlon to the 8o¥ern¢YsI were.. 2024 lJ26 1.502 Key managerneni perwnnel Indude the Heads of AbInn School and Abin8don Prep Sthool. the Oliectoi of Flnance and Operatlon5. and the Oirertor of External Relations. It a150 induiles the Senior Deputy Head. Deputy Head E¢atlI Oe•*lopment. OeputyHeadAcademtcand DeputyHe•d Pastoral at Abiwdon Sch¢)ol. FINANCE COSTS 2024 E'OOO Bank charges IM•rest paid oft loans and ¢Mrdraft Investment mana8tr fees 13 75 17 37 GOVERNANCE COSTS 20 2024 Audltor's remufterètlon Governance admlnistratlon costs r>overnor expenses and costs 1> 25 Ourlngihe year 5 Go¥em(n12024: 61 were refjmbufsed £2.71212024: E2.6041 In SpeCI oftravel ey4>enses. Pa8e 29
ABINGDON SCHOOi FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AVGUST 2025 TANryBLE FIXED ASSETS al Group Land Prrferts irl Proves5 FL¥ture5 Flttlny & Equ5pment ro Motor Vehldes Total Equiprnent &IldIn É'o At l September 2024 Additions CG5 VAT claim At 31 Au8USt 2025 90.957 230 13.1071 88.079 804 18.499 35 15871 17.949 111,147 697 13.6941 108,152 431 431 O•pre¢latlon At I Septernber 2024 Charged for the period At 31 Au8ilSt 2025 23.748 1.795 25.543 730 30 760 12,973 1.327 14.300 755 68 813 38,206 3,219 41,426 Plet Book Value At 31 A$t 202$ 62.536 431 3.650 66.726 At 31 Au8USt 2024 67,208 74 5,528 l32 72.941 bl 5¢hool land Projects in Sport5 Progress Equipment Fixture5 Fitting5 & Equlpment £'ooo Motor Vehi¢les Total 8uMdin vooo £'ooo Cost At I September 2024 .Addiiions CGS VAT Clairn At 31 August 2025 gJ,957 230 13.1071 88,079 795 . .300 35 15871 17.750 110,940 697 13.6941 107.943 431 431 795 DeprecIaan At I September 2024 ChaT8ed for the period At 31 AgU$r 2025 23.748 1.795 25544 721 12.788 1.317 14.105 755 68 823 38.013 3,209 41.222 751 Net Book Value At 31 August 2025 62.536 431 3.645 66.721 At 31 August 2024 67.208 74 S.S12 132 72.927 The above assets are all Used in ihe furtherance of the Charstws objects. Due to the change in VAT lewlation. the School is able io recover VAT incurred on earlie¥ capital projetts via the Capital Good5 Scheme ICGSI. The recoverable amounts above are shown in shM- and lore-term debtor5. Pa8e 30
ABINGDON SCHOOL FifiANCIAL STATEMENTS FOR THE YEAR ENDED 31 AVGUST 2025 TANGIBLE FIXED ASSETS Itontinuedl Ae¥aluat5on resen The net carrying value of the School's freehold nd and buildings of E62,536k12024.. É67.208kl are held atdeemed cost based on a valuation carried out by GVAGrirnley Internaiional Property Advisers in August 1999, who prepared Existing Use Valuaiions on eath of the iwo Schools. adopting a Depreclated RePlarnent Cosi basis lor the AbirKgdon site an(1 boathouse5. This gave rise to a revaluation reserye of £12.576k12024.. £12.576kl. Had the land and buildin85 been included in the attounts at historical cost. the nei book value woutd have been as foll¢)ws: 2025 2024 E'ooo Cost Accurnulated depre¢iaiion Hi5toriral net book Value 75.503 123.0801 52,423 78.381 121.2021 57.179 INVESTMENTS The Chwlvs Investments are as foll$. 2025 £'ty)o 2024 Liste(J investrnÈnts. at maTkÈt valut Cash awaitin8 re-investment 1335 26 1.361 1.439 22 1,461 i? 1,478 Unlisted intsnentS Investments 1,378 The carryin6 value of Abinadon School Enterprise5 Itd is £1. bl In¥esthients The fflovemeni during the year on in¥estmenis and cash is shown below: restrkted Restrkted Perni•nent Total 'ooo At I Septernber 2024 Transfers Additions Dividends received Cash wthdraw Cost of fund management Unrealised 8ain At 31 Au8USt ZQ25 435 324 719 1,47B 14 28 12SI 51 12021 11431 18 433 li 201 27 74M 56 1.378 The historic cost of the investments lincludin8 cashl is £1,248k 12024.. £1,317kl. Included in the investments are overseas investments with a market vaue of f 1,335k12024.. £1,056kl. Page 31
A8INGDON SCHOOL FJNANCIALSTATEMEpirs FOR THE YEAR ENDED 31 AUGusf 2025 INVESTMENTS Iconiinuedl In¥e5tment In sub51dlary The inve5trnent in Abingdon 5th001 Enterprises Limited reentS 100% of the Share capital of that company. The company is re8lStered in the UK operate5 a lettin8S, Sports and leisure bu5ines5. The re8iStered office is Akn"n8don Schod. Park Road, Abin8don. Oxon, OX14 IDE. The results ol this entity are consolidated inio these financial staiements. The investment in the subsidiary is eliminared on tOll501idation. The results of the subsidiary are disdosed in Note 17. io. DEgTORS GROUP Z025 SCHOOL 2025 2024 2024 Sundry debtor5 and prepayments Fee5 and extra5 Amount5 due from subsidiary Short term CGS VAT debto Long term CGS VAT debtor 1,618 319 2,392 394 62 528 3,166 6,541 1,605 248 67 491 S28 3,166 6,589 1.937 1.920 Due io the chan8e in VAT legislation. Ihe School is able to recover VAT incurred on earlier capital prolects via the Capital Good$ scheme ICfjS1. The cecoverable amounts above are shown in short- and long-term debtors. ii. CREDITORS.. AMOUNTS DUE WITrIIN ONE YEAR GROUP 2025 SCIIOOL 2025 2024 rooo E'(0 2024 Fees receive(f in at1vance Trade crediiors Other tax and social security creditor5 Sundry creditors and acuuals Acceptance deposits 3.517 3.652 876 754 1.325 564 7,171 3.517 L567 781 3.652 870 749 1,251 564 7.086 1542 8,023 7.910 Sundry ueditors and acuuals include £319k12024." E580kl for accrued wwt¢s for capital projects. 12. CREDITORS.. AMOUNTS OUE IN MORE THAN ONE YEAR GROUP AND SCHOOL 202S 2024 £'ooo Fees received in advance Acceptance deposits 937 3387 4J24 2.069 3,118 5,187 Accepianct deposits iepreseni deposits taken ai the tin* a pupll has been 8fanted a place ai the school and are relundable when the pupil finishes their education at the xhool. The deposits are allocated to creditors owed in le$5 or mofe than one year accordin6 to when the pupil is norffialty expeued to leave the School. Pa8e 32
ABINGDON SCHOOL FINAN0 STATEMEPITS FOR THE YEAR ENDEO 31 AUGUST 2025 13. ALLOCATION OF GROUP NET ASSETS Nxed Assets in¥estm¢nts CUTnt assèts le5$ total Ilabllltles É'fy)o Tot 2025 ermanent endtmment Hammond leeacy Land and buildings Expendablt endowment Land and buildings Yotal Endowment fund5 744 744 8,3% 8.396 1,661 .os? 1.661 10,800 744 Restrlcted Iwthls IA36 1,637 Unrestrlrted lunds 433 14.1501 52,948 Totsl School 66.721 1.378 11714) 65J16 Subsidiary reserves 337 343 Total Group 66.726 1,378 123771 65.729 Fixed Assèts . In¥estmenls Crrent a55et5 less total Ilabilitles Total 2024 Permanent endowment afflrnond legacy Land and buildin85 Expendable endowme Land and buildin8S Total Endowment fvnds 719 719 8,628 8,628 L789 10.418 1.789 11.137 719 Restrl¢ted furtds 324 1.382 1.706 Unrestrlrted funds 435 110.9791 51.966 Totsl School 72.927 IA78 19,5971 64,810 Subsidlary reserves 14 228 242 Total Group 72.911 1.478 19.3681 65,052 Free reserves 2025.-1£3.38Okl. 2024..1£10.316kl are definèd as the unrestrirted element5 01 Investments and Current assets less total liabililie5. Pa8e 33
ABINGDON 5CHCK•L HNAP40Ai STATEMENTS FOR THE YEAR £NDE0 31 AVGU5T 2025 14. FUNDS Balance 31 August Transfers 2024 In¢¢me E¥pendltwe Investrnent galn Balance 31 August 20Z5 1015 £00 Permanent endo¥miont Hammond legacy Piiie fufid5 Land anij buildin85 Expendable endowme Land an¢J byildin8S Total fndowrnent fvnds 719 1251 28 151 27 744 8.628 1233 8.396 1.789 11.137 11291 13671 1,661 11.137 Restrlcted funds 12481 11691 li 1.637 Unrestricted fund5 Si.966 273 32.972 1313831 52.947 Totsi Sch)ol funds 64JiO 33338 I3219] 56 65.384 SubsSdlary reser¥es 242 1.353 11.2521 343 Total Group funds 65A152 34.691 134A1701 56 65,729 Balan 31 August Transleys 2023 Income Expenditure In?Stment 8alan¢e 31 August 2024 2024 rooo ,Permanent endownnt Hammond le83ty Priie funt1s land and buildings Expendable endowrneTht Land and buildings Total Endowment funds 665 1261 161 719 8.861 12331 8.628 1.918 11.444 11291 13671 1,789 11,137 1261 26 Restrfrted funds 1.485 12181 IIS71 32 Unreslrlrted funds 51m9 244 33361 {31ml 33 51,966 Total Sthool funds 64,028 33.951 133.2941 125 64,810 Subsidiary reserves 131 1.288 11.1771 242 Total Gr¢yup fvnd5 64,158 35.239 134.4701 115 65,052 Page 34
ABINGDON SCHOOL FINANaAL STATEMEP4TS FOR THE YEAR ENDED 31 AUGUST 2025 The Hammond legacy is an endowrnent invested to pride income for bursary and other support. Thè income from each yeai is then iransfefied inio unrestricted to provide funds for the school. Restricted fvntls are to prowde for the lon8-ierm futu for the Sthool and to Pro4 funds for bursarie5 and 5tholarships ai the Governors. discietion. The additions in the year are either for bufsarie5 and stholarships or areas specified by Iht donors. 15. CAPITAL COMMITMENTS- GROUP AND SCHOOL Capital commitmeftts as at 31 Aygv51 2025 totalled £nil 12024-. £nill. 16. OPERATING LEASES-GROUP ANO SCHOOL At 31 August 2025. there were outstand1COMMitMents for fuiure minimurn lease payments under non- ancellable operatinB lea5e5. which 1311 due a5 follw.. 2025 2024 Within one year Wiihin two and five years Over five yeafs 24 32 32 32 48 40 120 17. RESULTS OF THE TRADING SUB51DIARY The school owns a non-charitable ifading subsidiary. Abingdon Sth00l Enierpri5es Limited, registered company nurnber 4442429. which operates a5 a feiail and leitings busine55 and distributes any taxable profirs to the school under Gift Aid. The trading results for the subsidiary are shown below." 2Q25 2024 £'c0 Profft and Loss Au¢)unt Turnover Cost of sales Gross Pfofii lJ53 12951 IXIS8 1.288 12991 989 Cost of administration Gift Aid distribution Net IIos5y sUruS 16561 13021 ioi 17001 11771 112 B•l•n¢e Sheet Total assets S19 11761 343 394 11521 242 Called up share capital Profit and Loss attourni 242 242 IncIled thin cost ol adminisiration is £2(12024- £20kl chareed by the Charity to Abingdon Sthool Enterprises use of ihe Amey Theatfe, Café. Sports Cenife and fil51ey Park. This charee ha5 been eliminated on tonsolidat40n. The net Ihibility ol the tiadin8subsid60ry owed to the Charity3S at 31 Augusi 2024 was £62k.12024.. £67kl Page 35
AeiNGDON SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. NOTES TO THE STATEMENT OF CASH FLOWS Reconcillation of net incoming resouices to net ta5h generated from operation5 2025 £'ooo 2024 £'ooo Net movement of fvnds Investment income IGainllLos5 on invesirnenis Finance cost5 Depfeciation chaiges (Profit) on disposal of fixed assets Decrea5ellinue45el in stock5 Ilncreasel/decrea5e in debtors Increaselldecreasel in creditors Increase in CGS VAT recovery clairn 677 11471 1561 37 3.219 893 1551 112SI 93 3,386 14,6521 1301 3,129 3.714 Nei cash 8enerated from operations 2,779 7.283 19. PENSION 5CHEME5 Teathers. PensloTh Stherne The Sch¢)ol partiopates in the Teachers. Pension Scheme l-the TP5~1 for its teathing stsff. The pension thar8e for the year includes toniribtsiions payable to the Trs of El.367k12024.. £2.804kl. At the year-end there werè no unpald accruals In respea of contributions to ihis schemt. The Sththjl has Èntered phased withdrawal from ihe TPS which means that therÈ are no new entrants to the scheme sw)ce I" kpttmber 2024. The TPS is a siatutory. contributory. defined btnefit Scheme. governed by the Teachers. Pension Scheme Regulation5 2014. The TPS is an unfunded scheme to which boih the rnember and employer rnakes contributions. as a percenia8e of salary- these contributions are credited to ihe Exhequer. Retirement and other pension benefits are paid by public funds pro¥ided by Parliarnent. The Government Artuary. usine normal actuarial kwinciples. coNlucts a formal actuarial review of the TPS in accordance with the Public Service Pensions Ivalyations and Ernplgyer Cost Capl Direction5 2014 published by HM Treasury every 4 years. The aim of the revi is to ensure scheme costs are recognised and managed appropriatety and the review specifies the level of luture contributions. Aduarial scheme waationS are dependent on a5sumpt40n5 about th¢ valuè of futvre tosts. deSn of benefits and many other fattors. The laiest actuarial valuation of the TPS was tarried out a5 at 31 March 2020. The valuaiion report was published by the Department for Education on 27 Ortober 2023. wsih the SCAPE rate. Set by HMT. applyin8 a notional investment return based on l.Th above the rate of CPI. The key elements ofthe valuation 0COrne are: Émployer ContrittIon ra¢e5 set at 28. of pertsiortable pay lincludin8 a 0.08% administration levyl. This is an increase of 5% in èmployer ctsntributions and the tost tontrol result 1$ 5uth that no chan8e in member benefits is needed. Total scheme liabilities Ipensions turrenity in payment andthe estimatefl ttst of fvture benefits) for 5ervtce to ihe effedNe dale of £262.(LJ) milllon and notional assets le5timaied future contributions together with the notional inve5trnents held at the valuation datel of £222.200 million. givin8 a notional past service deficit of E39.8ry) million Pa8 36
ABINGDON SCHO¢X FIP4ANCIALSTATEMENTS FOR ThE YEAR ENDED 31 AVGUST 2025 The result of this valuation has been implemenred (rom l April 2024. The next valuation result is due to be irnplemented from l April 2027. A copy of the viluation report and suppMir doCumentatn 15 on the Teathers. pension website. Under the definitions Set out in FRS ioz. Ihe TP5 is an unfunded multirnployer pension Scheme. The Sthool has accounted for it5 contrtbutions io the scheme as il li were a defined contribotion scheme. oiher Pension Schemes The School 3150 funs pension schemes for its leachin8 and non-teaching siaff. which are all defined tontributions schemes. The c05t for the year of £1.977k 12024= £871kl represents the Charit¢s contributions to these sthemes and Ihere were no unpaid contributions out5tandin8 at the year end. 20. RELATED PARTIES During (he year doftatrons were received from Governors totalling £1.92012024-. E2.4451. During the year, the School purchased usage of filsley Park totalline E79k12D24.. E74kl from the whollv owned subsidiary undertakin& An&dOn School Enierprises limited. At the balanTr sheet date, Ihe subsidiary OW the School É62k12024: £67kl. 21. FINANCIAL INSTRUMENTS 2025 2024 £'ooo Carrylng amount of financial assets Financial assets at lair ¥ae through income or expendituie 1,378 1.478 Page 37