2025-08-31-accounts

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Annual Report and Financial Statements Year Ended 31 August 2025 Company r8gl8lratlon nLbmber.' 04005803 Charfty reglstr8tlon numb8r. 1081420

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charlty Contents Releranc8 and Admlnl8tralfve 08talL8 Ito2 3to17 Indapendent Audltors. Rewt 18to23 Cons(AhJatad Statement of Finand•l Activ￿￿$ 24 Consolkaalod Bal#nco Shogt 25 8al#nce Sheet 26 Con8oltdalod Statam8nt of Cash FhThi$ 27 Notes to thè Fln9ndal Statemonts 28to54

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Reference and Administrative Details Chalmwn: Mr M knderson Governors.. Mrs S Adam Mr R Adrlth Mr C Butters (reslgned 14 March 20251 Mrs D Close Mr P Cooper Mr D Hebdllch Dr l Kelham (rnslgned 21 June 2025) Mr R Kennedy. Traasuror Raverend N Manges Rear Admlral l Moncrfeff Mr Pl Plke Mrs S Shafvr Mrs S Wheglgr, Deputy Chalr Mr J Whlletey Mrs T Hazell (appolnt8d 30 November 2024) Chlef ExecLrtlve Offlcer. Mr J Johnson Other Offi¢er8: Mrs S ReyN)Ids, Chlef Oparating OffThr (resigned 30 June 202S) Mrs S Re￿￿Id6. Clerk to the Govemors {reS￿ned 30 June 20251 Mr E Bumett, Taunton Preparnlory School Head M8 R Lew18. Taunton Pr&Prep and Nutsery Head Mr A Hallworth, Taunton School Internallonal Prlnclpal {res(gned 31 Dec8mbgr 2024) M8 K Shcrft. Inierfm cle￿ to Govornors {appolntBd 1 July 2025) Mr A Hallworth. thrgctor of Admisslons lappolnled 1 January 20251 Charlty Rogl$tratlon Numb 1081420 Company R•glstr•tlon Number 04005803 The th8rlty Is Incorporated In England and Wales. Pagè 1

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Reference and Administrative Details R•gl•t•r•d Offl¢• Taunton S¢hod staplegrovo Road Taunton Somersot TA2 6AD Audllor PKF Francls Clark Indep8ndent Audltor GrourKI Floor 90 Victoria Street Bristol BS1 6DP Solkltorn Veale Wasbmugh Vlzards Narrow Quay House Narrow Quay 8rlslol BS14QA HSBC Bank Pl 17 North Street Tavnlon Somer80t TA1 1NA 8ank•rs

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Govemors, Report The Board of Govèmors (Ihe 'Board'l. who are Dir8ctors and Tfu$ts8$ of Tounlon School EduCalk￿al Charity {the 'ChartWl. presonl Ihelr annual r8port for the year ended 31 August 2025. 11 Is In the ft)miat presoribed by the char￿08 Act 2011 and the Companies Act 2006. Constitutlon and Ob￿cl9 Taunton School (the 'Schoof) was fwnded In 1847. It Is con8fjtuted as a company Ilmrted by guarantee reglslered In England as per the delalls al page 3. 1118 governed by Its Memorandum of Assoclallon and Artlcles of Assoclation revi6we(l and amended 11 Ma￿h 2016 wllh a further Small update In Decombèr 2020 to allow for online meetings. Thè objects of the Charfty aro lo Pro￿19 arKI provide for the 8dvancement of educallon by the provislon of a school or such other maans as the Governors shall from tlme to ￿me delermlne., In catyng out thase oblects, the ChaTIty upholds the foundlNJ prfnclp￿8 of the Schoo5 whlch are rooted In the Chrl8118n f81th. It recogn1888 the partlcular 8mph8sls of Its 'Free Church, foLFndatlon on the Importanc* of personal responsibility in tho quo51 for faith. arKI in rgspod of rellgb)us tradltlons. Slgniflcanlty. In fvrthering thes8 Obpcts for the public bgn8fi1, the Charity provkles Taunton School organlsatlon In 4 completely co-educational parts: th8 S8nior School {knovm a8 Taunton School). Prep School. Pre-Prep and Nursory. and Tounlon School Inlemauonal. Thls spans an age range from Irrfants to 18. The Schod admlnlslers asslstsd places {bursari&sl, grants, awards and Other b8nefacl￿nS $uGh as scholarshlps and acts as the trustee and manager of propety, endowm8nts. bgquests and gifts given or establlshad In pursuance of Its objects. Structurn. Gov•manco and manag•monl The Artldes of Assoclatlon sets the maxlmum number on the Board al 17. of whlch one18 appolnted by the Churches Advlsory Panel. Tha remalnlng govemor8 are appolnted by an ordln8ry rosoluth)n of tho Mombors, passed at an AGM of the Charlty. Governors are the company directors and trustees of the Chaiity. ?￿d those vtho have begn In offlce for all or part of the year are listed on page 1. Mwnb•rshlp The charity has an unlMited number of mwnbers. Members are fonner g)vemors and pUp￿S of th8 School, over the age of 18. Page 3

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Govemors, Report Gov•rnor RKrultm•nl & Tralnlng Board vacancle8 are ￿lSIde￿d by the Nomlnatlons Panel. whkh then makès rècommend#llons to tha full Board. Al prosp8ctfv8 candldatas arè ¢>)nsldered In I￿h1 of thg skllwexperlgnce balance ulrgd al th8 tkne which wll Snclude gligibillty. diversity. p8rsonal o?mp8t8nco. $pociall$t Skills and local avallablity. Nèw Govemors arè appO￿ted for a term of 3 ypars and. subject to pgriodic performance review. may be rew81octd for a further 4 tsrms. All Govemors wil b8 formalty appoint8d by the Mgmbers at thé AGM. Now Govgmors. Indudon Into the worklngs of the Sthool Includes tho tM)Ilc4es and wocedures of the Board through brlaflngs by the Chalmwi, Haad and cle￿ and through comprehenslva dr￿umen￿tIOn that Is kept updated on Ihe Govemors. secure onllne portal. Thoy al80 attend spodallsl exlemal courses on such matters as the role and responsibl1￿08 of Charity Truste88 and reclve the updated Charlty Govemance Code 88 part of Ihelr Indudon pack. Governors havè access to continuous professlonal development run by ¢)rganlsallon8 such a8 th6 Assoclatlon of Govomlng Bodle$ of Indèpandènt selK￿ls {AGBISI to stay abreast of current Is8Ue8 and regulallons In the Independént Sector. All Govemors are sublecl to D8S chacks aThl wular aS￿¢￿tOd 'Safeguarding' tralning. A nominatod Govèmor has fèsponstiility for the Safeguardlng Lead on the Board. I￿nIs•tIon•1 man•g•mgnl AS tha Chadty Trustea8 and Dlrector8, Board member8, are leg81ty raspon81bla for thé ￿ra11 management and control of tha SChC￿l and promotion of It8 long temi sU￿ss. Th9 80ord m80ts ot lèast 3 tim88 • year. Thè work of implemèntkng its wlldos and spg¢ifK key olemonts Is OVgTsoon by su￿groUps. m￿1 of whtch meet atlgast tsrnily and ropcrt into thg Full Board as fomows: . Financa Committ98 . Pewe Commlttee . Compllanca Commlttee . Educational Ad￿SOry Panel . Marketing and Admlsslons Pano1 . Churthes Advhory Panel . E8tatss and Infrastructure Panel . Foundalh)n Panel . Nomlnalh)ns Panel othor spgcialist working griwps are set up ￿ and Tgqulrgd. Day40-day runnlng of the Schools 18 delegated to the Executlve Leadershlp Team, Is a group drawn Ir(¥n key monagemenl pers(mnel. The CEO, COO and Heads attend all of Iha meellng8 01 Ihe Boar(l and most of the maetlngs of the SU￿rnupS atry)ve. Remunerauon pollcy s81 by the Board, wSth a wjllcy objectlve of encouraglng enhancad perfornance and of rewardlng faI￿Y and reSp￿sSb1Y Indmdual contdbulk)ns lo the School's success. Ptye4

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Govemors, Report Group struc￿r• The School has 2 wholly owned non-charllablo subsld1ar￿8, Taunton School Entsrprlses (TSE) Llmlted (company number 028463351 and T8unton School Trustees Llmlted (company numbar 067069521. The prfncipal aCt￿ty of TSE Limited is th8 trading activity of Ihg School whose annual proffts are donated lo the School under the Gift Aid Scheme. The principal actlvity of Taunton School Trustees Limlte(I Is that of a cOr￿rats Trusleg of the Scttool'8 defined benefit penslon scheme for support staff. whlch clos0d to now lolners In 2001. Employmènt Pollcy The School recognises that Its emploJBes are fundamental to its ￿¢¢89$. A slraleglc. profassional and ltsnely approach lo recruhmenl15 used to attract and appolnt employees the necèssary skills and requlred attrtbules to 8UPPOrt the Schoofs purpose arKI core values lo m881 its aims. Th8 School Is commlllgd lo 8nsurlThJ Ih8t Ihe process of recrullment wholly adheres to Safer Recruilmenl guidelines. as artbculaled by the Departrnenl of Educatlon and th8t selocllon of empws Is conducted in a mann8r that secures the be8t talent. Is falr, affecuve and effiaent aThJ whlch promotes equality of opportunlty. Publlc 8enefft The Board conflnns that they have cc4nplled wlth th8lr duty In Sectlon 17 of tha Chathlos Act 2011 to have due regard to public benefft guldance published by the Charity CommFssion for England arKI Wal8s. How our *cllvltl•8 d•llv8r publ1¢ b•nefit The Board has consldered the Charfty Commlsslon's current guklance on publlc benaffit carefully. They try lo ensure that the School'8 charbtab16 oblects 8re carrled out for th8 publlc benefit by maklng sure that wharevar posslble, educatlon Is available to am who can draw m05t value from il. This Is Irw6P8Ctlv8 of flnandal clrcumstances since our charilablo adwiligs promolo tho widgr educa￿n of chlldren and access 15 not restrlcled solely by th8 ability to pay fees. Tho School's facililles are also made avallable as far as possibla to other k)cal school8 and the wlder communlty. The BoaT(I remaln5 commStted to p￿￿dIr￿j publlc benefit ¥¥thl¢h 18, kn Itself. In accordance wlth thè School's foundlng prlndples. To th18 end the School coop8rat6s wlth local charllies and educatlonal bodies In an ongolng endoavour to widen public access to it. 11 also segks lo oplwnis8 tha Lbse of Ihe School's cultural and Sporting facAlities and to awaken in the School's thvn pupils an awareness of the Soual contsxt of th6 811-round education they re￿1ve at the School.

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Governors, Report Grant Mklng Pollcy OpportunKy to bone￿t from the School's Grants of A8818ted Plac88 18180 somellme8 ref8rrad lo 88 bursarfesl 18 not subject to goographlcAI or olher r6strlctbns 8uch a8 the ablllty to pay fe6s. Accordlngly. no one18 axduded from thL8 Opportunity. Tho Board tskos tha vlow that those puplls who attond the Schod and who recelve ffinanual support, contribute po$ttlvety to the s￿￿ community in a variety of ways. Accordlngty. th8 ben6fi18¢Cfues not only to the$6 puplls. but to thé whole School ethos and Indu8fvrty and, kn some cases. to lh• wlder communlty. In tha I2￿th p$rf¢)d to 31 Au9USt 2025. a total of £1.484.927 12024: £1,741.2421 wa5 Spgnt on means- tested assistgd placeslbursarle$. Thls Is the oqulvalent of 57 full Sthor School-day fee8. 162 pupils {2024: 2011 r8¢0fvod as$i5t8nc8 wllh s¢1￿1 foes. 2021r22 2020121 2019r20 2018119 2017118 Assistad Plgc8lBursary reclplenls Value award8 213 252 233 £1,777.969 £1,727,635 £1.866,726 £1.701.122 £1,638,089 £1,348.710 Averag value £8,347 £7,447 £6.393 £6,500 £5.788 Sen￿r schod dgy 38.1% 35.ph 31.8% 32.9% 33.5% 30.0% Taunlon school Foundatlon Thg Founda￿￿ contlnu8s to maintain tho c¥)nnoGtlon belv￿0￿ thg SGhool and Its alumnl as wo11 as raising vltal furKls to support capital projects and mean>t8stod Assisted Places at Taunton School. Th8 M?￿rIty of our donat#?n$ ￿m8 from alumnl. but WO also recefve grfts from parents. staff and the wlder community. In the 12-month pariod to 31 August 2025, vduntsry dOna￿on8 and leg8d8S totalled £1,150,629. Wo had 729 (lonauons wllh most of the funds restrlcted to our 'One School. Many Pathways, campalgn. Thls campalgn VAII translom) tha campu8 and Indudes the tsjlldkng of tvK new bOa￿Ing hou8es. The School did not &mploy any extemal fvndralsers during th• year and is not reglslered wlh the Fundraislng Regulator but18 commltted to'good fundralslng practlces.. Tho School L8 a m8mb8r of the Institute of Oeveknpmént Professlonals In Educatlon (IDPEI and actlvety collaborate8 w5th professlonal bodb85 In th6 Sector. Thern arè no In$tan¢o$ to raport of thg &hool falllng lo wmply wlth fundralslng standards and the $th0￿ rec8lvgd no formal comFAalnts about fundralslThJ actlvlty duvlng tho ygar. Tho adhores lo th8 Goneral Data Prolectlon Regulati(m IGDPR) and ￿lY contocts those for whom our ￿MMuniG3t10n will bo relgvant and of IntarasL Page 6

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Govemors, Report Obl•ctlv•• and Acll¥llle• Charttable ObJ8cts The Objects of the School are In th8 Arfcles of As8Oda￿￿ dated 4 December 2020. Prindpa1￿. To promot6 and provlde for the advancement of educatlon by the provlslon of a school or such other m6ans as tha Gov8mois shall from time to Ilme determlne provided a￿wayS that: a. In admittlng pupil$ lo the School, Ihe Govemors must exerclse (all other thlngs balNJ aqual> a pr8faren¢e in favour of sons antl daughters of m&mb8rs of the Free Churches" and b. In ¢8tyng out Its objects. the Charity shall uphold the founding principles ol th8 Sthool which ara rcoled In the Chrfsllan fallh arKI rewJnlse the particular emphasis on its Free Church foundation and the Importance of pernon81 responslblllty In the quest for faith, and respect lor all religlous traditions. To these ends the Scknl: i. Provid8s an education for chlldron aggd O to 18 years., ii. Provides substantlal fin8ncl81 Supp￿ towards fee reml851on" iii. Has a continuous programme of malntenance, bulldlng and tethnology refurblshment arwj development,. Iv. Allows controllèd acc888 by the publtc to Its grounds. bulldkngs and facllltlgs 9gn8ro11y, v. Holds a varfety of relvJlous servtces on weekdays and on Sundays In the Chapel. vi. Provides a w*Jo range of sporting and cullufal facllltlas, many of whlch are avallable to chlldren from othar I￿01 Schools and which are also made avaSlable to m&mbers of the publlc wh8re appropriate.. l. Supports th8 wid8r cnmmunity by'communlty 8ervlce' and fAher a¢tlvlt188: and vlll. Oemonstrales slgnlflcant publk benefflt through 118 academlc and other actmtles as dè8cdbèd In paragraphs {11 to {tlll above. P￿7

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Governors, Report Alm# •nd Targ•ts Wlihln th088 obJ8cts th8 Sch￿[ alm8 lo meets Its publldy staled purp086 by provldlng outstsndlng and Innovallva teachlng and developlng a ￿ltUre whtch usas tschnology to dr6ve forward 18athlng and leaming. Pupll and staff wel￿1ng 6s central to all that wè do arKI tho School aim5 to •ncourag8, trakn and devek)p confid8nt. enlhu8la8￿c and well-rounded ￿Ung people who ar• able io fonn meaningful mlatlonshlps wlth others In an Intemalknal arena. 1rrnsr￿1v? of circumstance. We aré to •xcallen¢& In educalon aThJ holtsuc sludgnt development. Our strattylc objecllves serve as gutdlng prlnclplgs, ensurlng that ￿ provld8 an ambluous and enrichlng enviTonm8nl for evory Stud8nl. From 8¢ademlc excellenca to fosterlng Induslvo comnwnlUe8, each objectlve Is da8igned tt) our school for4vard In achlgvkng cw goals. A ofambll 1. Ensure that every St￿nI and membw of Staff embracm wr euliur8 of ambltlon for th￿)SelveS and for e8ch othar 2. Offer a broad and ret8vant CUrrk￿luM enabllng all students to achwa p8rsonal succass 3. Consistsntly achl8ve pos11fv6 value added across all edUcat￿￿al stagès 4. Enwre thè sd)ool Is fin8ndaly $trong. enabllro ¢ontlnual relnvostment In our staff a￿1 facllllleB A rn1nd￿t forlrfo 5. Offer a courrlcular progTaffKne that enables studanls to devd(4) the Ind8p8ndènce, reslllonce and $klll8 8888ntlal for 8UCfA88 6. 88 a communlty In whlch Integrlty and authenw are hlghty prlz•J 7. Tèmpar amblthjn with humlllty 8. Provkle a fir8t-cla8S Student future8 programm8 9. Ensure that all membérs of our o)mmunlty feel a sons0 of belonglng kn a proudty Inclu¥lve school 10. P￿de a hO￿811C educalk)n, of genulne breadth, promollng engagement and allovlng each Student to'Flnd Thglr Excepwonal ' 11. Ensure that Taunton School slts at the heart of our local communlty and that 8tudents und8r8tand thelr place wlthln11 12. Unlte au Staff In a common purp08e and shared ￿350n forth8 school A global cmimut 13. Malntaln our •xcaptlonal Intom•tknnal dlvergty so thot thg s￿￿1 romalns a genuln8ty gbbal community 14. En$uro our culturnl divorsty is &glebrated and recogrilsfjd as a bgneflt by all 15. Create a connected netth of Okl Taunlonlans acros8 th8 gk)b8. unlted ty thalr affectkx) lor the school 16. Develop a su8talnablllty Strategy that recognl8es our Indfvkjual and responslbUttle8 to safeguard the envlronmenl Page 8

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charity Governors. Report RISK MANAGEMENT Prfnclpal rf8k8 and uncertalntl•8 The Ch￿1 Executive Officer arKI Chief Operating Offlcer. under the ovevsighl of the Chalr of Govemors, are responsible for the identification and management of the risks faced by the School. A fomial revlgw of th8 School's rf$k management appeute and processes is made at each panel and commSttee meetirvJ, with rlsks allocated. The Board conslders the ImposSlbn of VAT on school faès. removal of business rates rellef and kncreases In employer natkjnal Insurance Gosts to bg the prlnclpal rlsks faced by the School. Pupll safeguarding as well as hgallh, safety 8nd securfty are an ever-prosent 8lgnrf￿ant araa for risk management that are monltor8d astutely. Through its inlemal management structures. the Sch￿1 has carrled out a wlda-ranglng examlnalkjn of the rbks In the prlncipal areas of School's operatlons and other actfvStles. Tho Board has rev4ewed these cdllcally and $aJsfied Itself that the major rlsk$ Identffi8d havg bggn mlllgated to algvel as low as reasonably praclScable commensurats avallable resourcos. Key (y)ntrols used by the Charity In thè bvhok area of Rlsk Management Indude: Well*ublkised pollcres and procedurès. 88 requlred by law for the safeguardlng and protection of chlldron. Includlng procedures for the safer recrultlng and v8ttlng of staff. voluntsers and ￿ntractOrS. . Clear h8ollh and safety pollries overseen by an actlve Gommltteg: . Fomial agendas for all Commlttees, Panels and Board ol Govgmors actfvitigs: . Detslled Tem)s of Reference for all Commlttees and Pan81s', . Compr8hon8iv8 straleglc pkgnning. budgetlng 8NJ management aCCoun￿ng., Risks 8s8lgned to responsible p3ne15 and membeTr of the exe￿1￿8 team to ald accountabl11￿. Formal written pollcles. processes and procedures that are subject to audK: . Clear wr￿lan delegaticffl In authorisation and approval IBvels. STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILrriES Thg Board 15 r05pon$lble for preparing the Annual Report and the Flnandal Statements In a¢xordance wNh applicable law and UK Ggneralty Accepted Accounting Practica (UK GAAP). Company Law r8quir8s financial slat8m8nts to b8 prepared for oach financial year. Under Company Law, the Board must only approve the fin8ndal statements If they are satlsfled thot y gfve a true and falr vlow of the state of affalrs of the Charlty antl the group and of the Incomlng resources and the appllcalton of r88011rc88. Th18 Indudas th6 Income and axpandlture of the charitsble group, for Ihal p8ricrtJ. In preparing the finan(xal statements. the Board has met its requirements to: • 8el8ca the most sull8ble accounllng polldes and then apply them con818t8nty, ' observe the methods and prknclples In the Charltles SORP: ' make judgments and accounllng estlmales that are reasonable and prudenL slate whalher applicabl& UK Accounting Standards have been followed, 8ubJect to any materlal departUT8S disclosed and 8xplained in the financial statements., and prepare the f￿anCIal statements on a going conc8rn basis unless it is inappropriat8 to presume that the charitable company wll continue in busin8SS. Pagts 9

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Govemors, Report And Its respon￿bIl￿ for: Keet4ng ad8qu8to accounting records that are suffldant to Show and expkqln Ihg Charws transactlons, dlsdosg ￿th reason8bl8 accuracy at any Ilme the finanolal posltkjn of tha Charlty afid enab￿ the Board lo ensur8 that the IlnanrJal 8talam8nts comply whh the Companles Act 2006 and the provtslons of the Charws ￿n$￿t￿tIon. . Safeguardlng the assets of the Charlty and the group and hence for taklng reasonable steps for tho prevention and dètscilon of fraud and Other Irregularities. Having done 80. and. In80far as each of the Govemors. a$ momberÈ of th8 Board Is aware. at tha dote of approval of Ihls report, there Is no relevant 8udll 5nformallon (Inforniatlon needad by the Ch8rWs audltor In ￿nnectIon wlth preparlng the audlt report) of whKh the Charttys audltor is unaware. Each mgmbgr of th8 Board ha8 tsken all the steps thal ho or sho should hav8 takon In order to make hlmseff or heTseW awam of the relevant audl Information and to establish that the Compan￿8 auditcrf is aware of that information. ACHIEVEMEwfs AND PERFORMANCE EDUCATION Stsk•hold•r Engag•m•nt and Sectlon 172 Statement Th8 Govemors conslder that thèy have fumlled their dutias in accordance Wblh section 172 of thè U.K. Companies Act 2￿6 and have acted In a way In whlch is most Ilkety to Ffomots the long-tsmi success of the School forthe bgnefft of tt8 Stakahokler8 a8 8 In the followlng ways: A¢•d•mk R•%uft• Taunton School con￿nueS to offer pathways of Slxlh Forn stuty. tho Internat￿)nal Baccolauraat8 Oiploma Programmè. 8TEC and the NCUK Intematlonol Foundation Year. We firnily b8lieve that th1$ allows us to find the r￿ht academlc pathway for Ihe students In our carè. Student trad(Iw ag81nst baselno data 1$ 8 crlUcal part of our goal to add 81gnlflcant value to fftry stud•nt. Gulded by our experlgnGed Futyrgs 0gparlm8nt. ovar 80% of all Slxth Form students tako up universlty or college placos ellhgr in the UK or overseas each ￿ar, wSlh othors beginnlng apwanticeshlps or enterlng Ihe workplace diracty or taking gap ￿818. students at OLtr Slxth Fomi celabrated outs18ndlng por8onal Su¢￿$ In thdr A-L8val and BTEC qU8llficatEon$ In 202S. Tho cohort of 127 stt*J•nts athlevad 73% A. _ B, or equivolenL In thair Athol, BTEC ar Intemational Baccalaureate quallllcatlons. whlle 46% of thair rasutts were owarded the equlva1ent ol the highost grades of A". The top 100 students athlevod an Impr6ssfv8 88% A.. B or 8qulvalant and 57% A"_ A, or equfvalent Thes& rasults represent a level of valuo addgd at A4evel that places Taunton SclMY)I In the top 10% of providers nat￿nalty. We also offér our Slxth Fomi sludenls the chance to compld• an Ext8nded Profvcl QualNScaUon {EPQ} alongshla thèlr studtes and th18 year 44% of student$ saw thelr EPQS awarded A'-A In a wlde rang8 ofloplcs twnd the Slxth Fomi currlculum. Pag& 10

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Govemors, Report Year 13 8tudents celebrated Impresslve results In the Inttrmatitinal Baccal8ur8ate Dipl￿8. With an average 8core of 33.3 polnts. thèy $lgnffic•nlly exwdod the globol average. Taunton School's Year 11 sludonts achieved 53% 9 - 7 In thelr GCSES vllh the lop 100 stthts athieving 72% &7. Those ra$uKs represent a18vel of value added that place8 Taunton School in tho lop 5% of provRlors nalKsnally. We are èxtremèly proud ol all $tudent8' #ttainments. not lust those achieving grades. Our academlc programme axtands iwnd the classroom and students have enSoyed a full r8nge of presentations. 18ctures and trips, whlch hava enhanced thek leamlng. We am 8xtr8mèfy proud that our co-curricular prcw3ramme, in our ISI Inspo¢1ion in April 2024. was recognizad as 'a signifiGanl strength, with the 8cINibes on offer maklng a mapjr contribution to pupils, physical and mantsl hoalth, and thelr soclal, economlc and emot￿al wellbeing., Pay11

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Govemors, Report Thè rfjport ¢ommentsd that prcJr•mm• ho$ boon carefully ¢Tafted and honed by tho 18adors. who tak8 Into awxbunl pupHs' and slvjw 8 dogp understsndkng of how to unearth the potsntlal of each PUF41.' Taunton School remains commlttfjd to dellverfng a hollstlc edu(8tlon Ihat bgst prepares our students for the￿ future whll$t 8lk)wlng gvery child lo find thelr versknn of excepllonal. Taunton Prep Scool Is all aboul breadth. Acadamkalty. 11 eontlnu68 to off8r a broad rangè of 8ubJ8cts wh￿h are undorplnn8d by modem approachès to leachlng and leamlng. Ljp to year S a creative currtculum Is followed and from y8ar 6. pupi18 then move into specialist teathlng groups. Sinc$ 2021-22 V￿ have unde￿1nned thls wilh a whole sch¢)ol digital strategy which ensures a o)nsistsnt pathway <rf apps platfomi8 wthich ar6 used. Wilh staff increasingty at ease with the38 beneffts wa are now seèlng thè I￿n$1$tOnt usè of devlces to enhan￿ teochlng and Igamlng. Dlgll81 18aming plattorms negd to b$ used alongskle morg tradltional meth¢yl$ of lgamlng $0 tho movo to 60 mlnute 188s{￿S at th• $lart of S6ptember 2023 has made il easl8r to use a hY￿d approacb In dass. 60 mlnute 1g$wn$ have also allow8d Ihg school to incrga$8 curriculum tim8. In 2022-23 we Commgntgd on the significant b8nefts segn from a Maths ￿rriCuluM revw whlch focusad fvrther on the dgvelopmgnt of probb9m￿oIv1ng and reasonlng $kill$: 'In Maths, tho standar(11s8d test results over Ihe past three years PLrt the average Year 8 pu￿1 In tha top 16% In the country. and the re8Urt8 also Indlcatsd that over half of the puplls are on track to obtaln 8 7. 8 or 9 al GCSE,. Duflng 2024-2025 we completed a slmllar currlculum revlew of ErwJ118h to help the 81ool wth Its conunued de8lre to Improve tha valu8 added outc¥)m88 for all the puplL8. In t6achlng and 18amlng, the Pr8p school has Increased thè scope of mLxed pdor attalnmènt t￿hIng to •nsure hvJher lévals of ￿clUSIon and bgtter outcom8s for all puplls. A koy roio of tho prop tsch)ol L to on$uro they are rgady to Ihrlvo In th8 senlor 8ch¢x4. The Year 8 Summ8r 8xams pro￿de our puplls 7thth a 'gold standard, to alm for whlch, If attalned. puts thom rlght at tha lop of National Prep Sthool standards. Since 2022 wo have soen ¢xntinu0d Improvem8nt In the year 8 exam results. With tho 2022 sitting GCSES thls summer - and recordlng some of the best publlc &xamln8tbn results In the School'8 histw - we hope to ￿n￿￿u& to ￿ th886 beneffits come through h futur8 years. In lh8 vhjèr 8ph8ra$ of per8(mal dovelopment th8 pup118 ha￿ an Incred￿0 array of Ctrcurrk￿1ar opportunmes to On￿ and lo leam from.. breadth and character d8V6bpment rèmaln very much at the heart of tho Prep School experièncè. We continue to develop this area of school life and the developmènt of th8 Taunton 12 gives pupils the chance to rnffl8Ct and develop th8ir whole tharacter. All year 7$ and 85 use regular diary enlrles arKI self-refle¢tion to learn arKI dav8lop their character, a prc¢ess whlch thè prkKSples of tha IB dlploma core wrrloJlLEm and the IMp￿￿n￿o of an Inqulry basod apwoach to lèomkng. Pagg 12

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Governors, Report At the pmp s￿￿01 we Ibmily belleve that v#hat happe￿ outshJ8 thè c4a$$ 18 0$ hnportant as what happens Inslde th8 class {and that tha tsvo compl8m8nl and enhance ong anolherl- Wlth over 70 difforenl dub$ and activit40s during the yoar tho pupils aro able lo 'find thelr exceptional.. Fin(Ilng tho thing you lovo, that shapos you and builds y)ur s8ns8 of identity and seW-confKlenc8 comes from the skill and commilmant of the staff who have ensur8d axcellence through N)duslon - for example, the sthool has 84 sports teams, 904 fLXtJres durtng the year %wlh every pupII Conslstentty representing the school - and excellence through achlevement puplls r8gulady attendlng natlonal events. Sln 2016. the school has supported over 70 chlldron In swlmmlng the Engllsh Channel as part of relay taams. Alongslde Ihls, the channel teams have ralse(l over £70.000 for charfl￿. PrPrgp and Nursery contlnuas to bo an exdtlng learnlng envlronmenl for chlklren. The perfomlng arts currtculum has been developed to gr88t effect. The atts café Is a particular highlight. giving chlldren the opportunlty to perfomi In front of an audlence and dèvelop their love for dance. music. speech and drama. Forest Sch¢)ol provlslon contlnues to progress for all year groups. promotlThJ taamwork. dtsvaloplng reslllance and fostering a l(N6 for th6 outdoors and nature. The naw Head of Pre-wep Sports is d8veloping the curriculum. focusing on a values based approath. wllh a vlew to facilitate more intsr4chool ￿MPetitiOns. CPD remalns a prlority In Nursery In enabllng staff to facilitate the vfjry best learning opportunltles. Nursery was dosed for Ihe August INSET whlch enabled staff to rec8lv8 tralnlng In facllltatlng meanlngful Inleradons. partlcularfy for childr6n with SEND. Pupll numbers In both Pre-prep and Nursery are hWJh and. wlth successful recnMlm8nt. the expanslon of Nursery wlll be r881188d. Taunton s￿￿01 Int8malional offors 4 acadomlc pathwayB'. a Yoar 9 and 10 GCSE Access Pathway, one• and knyear GCSEIprnThlB programm8 {for 14 - 16 ygar olds), a Pre-Foundatlon Year In Business. Ecnnomics, English and Maths {for 16- 17 year olds) and an Inlern8tlonal Foundatlon Year in Business, Economics. MathslGlobal Studies and EAP {for 17 - 18 year old81. Th8 Sthool Is a market leader In Its one-year GCSE provislon, havlrvJ offered thls partlcular course for over 25 years. In August 2025 TSI achleved an 87% GCSE pass rate {941 wlih 48% of the total grades al 9-7. Students are ab￿ lo select 16 dlffarent sublects at GCSE level. On our Int6mational Foundallon Year programme. our A.. B pass rale was a very impresslve 85% wlh just undar 70% of th6 grad8s balng A'IA. All students al TSI are taught In sm811 classes. enabllng them the exlensfve tsacher 8UPPOrt that 18 rgquired on Such Inlonslve academlc programmes. TSI has a spread of natlonalltles approxlmataly 30 countrlos ropresented. wllh 8round 5% of the ￿hort b8lng Brlt18h pa88POrt holders. Group Flnances Tha prindpal fundlng sources for the Charty 8re school fees and Incoma generaled by many other edu¢atlonal and non-8du¢8llonal advltles. The latter ara carrled OLtt by th8 Charftls tradlrwJ company. Taunton School Enlerprlses Ltd (TSEI whlch. as described above. passes all ￿ profits to the Sch¢Jol. Th8 y8a¢s expenditure has continugd to support the Charivs key obloctfves by operatlrvJ the School and investing in its dgvelopmont. The Group's finances remain strong with total incoming resources of £30.5m 12024: £31.5m},' net Incomlng resourcos of £1.8m 12024.. £1.Oml; and totsl reserv88 of £23.6m (2024: £21.8ml after maklng capltal addlllons of £2.6m {2024'. £4.1m). Pag•13

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charity Governors, Report The Chodty wntlnugd to hvost nhleantly In tho Stte. wtth most of c4pllal spend relallng to tho ngw l)oardlrvJ faclmty wthlch WIU morg than 140 studgnts. Wo have prgpar8d a numbgr of sCenarK￿ that conslder our cgsh poslllon, 8ource8 of Inccffne and plann8d expendMur8. These sconarfos consldor reduced pupll numbers, delayed fee paynenl, reduced fea8 and potentlal bad debts as well as Impact on cThts from the m8a8ures taken so far. Sen81￿ around these asSUmp￿0n8 has also been con81d8red In our forecastlng. Ra8uK8 01 thls cash flow and sensitivity analysls indicato that thè cash r8serv•s of tha Charity are adequats to moet the Charitys C￿lIgatIOnS as they fall du•. Correspondingly. tho Irusto0$ ¢onsid8r It appropriata to adopt the going (>Jncém ba￿S of actounting ￿ pr8parlng thè financial statements. Durfro the year, the sthool was impacted by VAT on fgfjs. thg romov81 of buslne88 rote rallef and the upIKt In Employor N8tlonal In$ur8nco ￿ntrIbutIOnS. The sch¢)ol made the declslon to pass on 5% In January 2025. and o fvrther 4.5% In Sgpt8mbgr 2025 (ln the next academlc year). to reduce the Impact to our parenWguardlan$. The school wa$ also abkn to offset somo of th8 addi11￿91 costs against more favourable ullllty ccvtract r8newal$. Inv•stmont pollcl•g. obJ•ctlv•i and pwlomianca The Flnance Commltl89 advls8s on the Investments and monllors the perf(¥m8n(¥ of funds on behall of the School. the Foundatlon and the Evans-Lombe Fund. Al the year end Ihe total fvnds Invested were £2.1m (2024.. £2.Oml. The Financ0 Committea reports lo the Board of Governors and the Trustees of the Evan>L(nb8 Fund, h￿n9 taken aPp￿prIate and professlonal a￿lC8. The Board and Trustee8 have Set a targat of 5% Income and fund growth to su8t8ln the va￿0 of the capttsl. Tha Board18 8atlsll8d wtih the retum on th888 funds In the prevalllng financ￿1 cllm8t8. R•B•rv•• I￿1 and pollcy The Board has exanlned the fin8nclal rlsk$ and cho11gnges focod by the Charlty closely over Ihe short and medlum lem). The Charlty has Invesled Its reserves In the p￿slon of educatlonal f8dlhles to meet Its oblectfves and t))nsequentty, Ilke many well-estsbllshed Independent schools. has negatlve free reseM$. Th8 Board 18 sallsfied that the financL81 plan8 al￿ for8¢8sts t￿M ¢omfort that the Charlty Is ablè to meo1 all Its fore80gabl• Commltments. Th8 School's total rèserves of £23.6m at the period and ￿c￿d8 £2.1m andowmont capitsl, £2.9m of unspent roStrid•J incx)me and £18.6m unr8strict8d incon￿. Pagg 14

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Governors, Report SECR Energy Use and Carbon Emlsslons Dlsclosure Taunton School Educational Charity disdosg our energy use and greenhouse gas emlssions that Taunton School aro responsible for in line with the requirements of the Companles Act 2006 {Stralegic and Directors, Reports) Regulatlons 2013 and lalesl 2018 regulallons. Ener kwh Se 02e 2014-15 2W25 I￿￿20 IBa5ellntr- Currefftt ZJ.24 CU￿en 2D2J-24 2022-21 se1Sne Cuwrent L840.155 3.193.633 1.899.518 1987,752 326 393 386 676 -52% -36% 547 599 917 Bi¥&lAe5sTrw•l. Gr•y Fleet 66.781 866 201 5.8Zq252 TF¥Th5 Fuel 182 207 58% .16% 763.107 12J5 teTr5ltyME￿clM￿oI Pu Total TC02elP J?3 1237 1166 lJ5& -58% Qvall GrèÈnTaffi NeIAnn￿1T0t￿l L834.422 5.763AOI L899518 5.120.2S2 315 393 3B6 -55% Page 15

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Govemors. Report Tabl8 1: Prfmary Statoment for the Flnanctal Year endlng 31st Augu8t 2025. Bas•lln• Yur Th15 18 the slxth ￿ar of GHG rnportlng. 2020 12021 wa8 the basellna ￿ar whlth 1811 durfng the Covi[￿19 pandemlc and 08 ¥uth comparlsons to th1$ and future years may b8 skewed. Targ•ts Catbon targets not begn developed for the current reportlng pwknd but are cjjrronty In devolwt. Int•nslty M•#Jur•m•nt Th8 Intensty metrlc cho8en ￿ average pupll number8 88 at the 31 August 2025. Th18 metrlc was chosen as th8 organlsatkm'8 carfoon eml88lons ar8 c108ely Ilnk8d to PUFdl a￿￿ty. C•rbon Off••t Taunt(￿ School now have qualif￿￿9 carbon offsets during this financlal pwiod and procure qualifying green or r8n8wabkn tariffs for the suppty of a18ctriclty or gas. FUTURE PLANS The Schc)I's stralagy 18 to maintain a strong financlal posi￿On by d￿1V8￿n9 dear 9vId￿¢S of nsistentty first-dass edu¢￿tIon rnatch￿ wbth demcffistrabty outstanding pastoral support. To do thls. It b bulkllThJ a heatthy racn￿tr￿ent pipelln8. controllkng costs. Increaslng commerdal In¢om8 and u85ng Ihg fadlltJe$ for tho publlc bgnent year on year. Thls ggneratos sufficlgnt resources to Invest In tho Sc￿,$ Infrastructurn, supportlng the stratsgy of bulldlng on exlstlng resources arKI foundatlons and maklng every penny count dlracty toward$ the School's purposo. Accordlngfy, the prlor6tl68 for resource allocatlon agreed ty the Board are based on Imp￿ng and enhandng the 8xbtlng Infrastrucbjm èststs and ensurlng a rntum ￿ that Invèstmènt. The otyè¢tfvè$ oro to: * b8 an outslanding S¢h￿l of choka by gvldgnc• of Its oduG#lional and pastoral #xpart#n¢o for all puplls: ' continue a strong financiol performance to fuNy resouwA the i)peralkrf) of th8 Sch¢)ol and its devel￿ment and ¢ontlnuartC8 of long term succ8s¥' . Invest In m8lntenance 8nd new facllltles as dlclated by the campus ma8terpLgn: ' abways be ccrfnpliqnt wlth legbslauon and bgst practl¢o wherovgr It may be hJenttft9d to providg 8 Safe. happy and purposeful educatbn,. . Invest In staff tralnhg and davalopment to attract and retaln the b881 staff. Th# Sttthl Is r￿Ing ts n88ds and opportunlll•s to conllnue to davelop Its eytaté to maxlmis othrfantage. As strategy Is morg proJa(s *lll bo cons1dw￿ by tho Board In dua ¢our89. Durlng tha ￿r. th$ #chool appointad a n•w Chlef Op8ratlng 0ffi¢or whom WMI tske post In Sprfng P80è16

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charlty Govemors, Report Stat•m•nt of trust••s' rnsponslbllltl•s The truste8s (who are also th8 directors of Taunton School Educatlonal Charlty for the purposes of company lawl are rèsponsible for preparing the trustees. report and the ftnancl81 slalemants in accordance with applicable law and United Kingdom Aco)untlng Standards {United Kingdom Generally Accepted Accounllllg Practico), inciuding FRS 102 'Thè Flnancial Réportong Standard applcable in the UK and Republlc of Ireland". Company law requires the trustees to piapara finandal statements for each finandal year. Under company law the truslegs musl nol approvo the finandal statements unless they are satisfied that they give a true and fair view of the stale of 8ff8lrs of the parent charitable company and the group and of tho Incomlng rasources and appllcallon of resources. Including its income and expenditure, of the ch8rftable group for that p8rlod. In preparfng these financlal slalements, tho ITUStees are requlred select 8uMable accountlng pollcies and appty tham conslslentty: observe the melhods and prfnclpl88 In the Charttles SORP., make ludgements and eslimales that are reasonabie and prudent., state whelher appllcablo accountlng standards. comprfslng FRS 102 have been folk￿yed. 8ublect lo any malerfal departures dlsdo8ed and expTralngd In Ihe flnanclal stalemonts., and prepare the flnandal statèments on the golng concern basis unless It18 Inappropriate to presume that th6 parent charltablè company conllnue In buslness. Th8 Irustogs are responslble for keeplng proper ￿￿untIng records that can dlsclose wllh reasonable accuracy at any Ilme the financlal position of tho parent Charttable company and group antl enable Ih8m to ensure that the financial statements comply with the Companles Act 2006. They are also r8sponslble for 3afeguardlng the assets of th8 parent charltabK8 company and the group and heneè for taking reasonable steps for the prevention and detecllon of fraud and other Irregularilth. The trustees are r6sponsibl8 for the malntsnance and Integ￿ty of the corporat8 and flnanclol information in udod on th8 th8rlt8ble companls website. Legislation goveming tha praparalion and di88emina of financlal 8talem8nts may differ from legislation in Othgr jurisdic¢ions. al report was apwoved by the trustees of th8 tharity on ... TrÈasur8r Pa￿17

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charity Independent Auditorfs Report to the Govemors of Taunton School Educational Charity Oplnlon We have aud1￿ the flnand81 statemants of Tounton Sch¢)ol Educallonol Charfty (the '¢harltsble pavent company) and $ubsldlorfas Ilhe 'group') lor the Jp8r ended 31 August 2025. whlch comprfso the Consolldatsd Ststem8nl of Fln8nc4al A￿tIes, Corwlldated Balance Sheet. Balance Shaet, Consolldated Ststsment of Cash Fk)w8 and Notss to tho Flnanci81 Statements, Indudlng a Summary of slqnfficanl accounting pollcles. The finandal reportlng framwork that has been appllad In thèlr prnparalion 1$ Unlted Klngdom ACCOUn￿ng Standards, comprfslng Charltles SORP - FRS 102 The Flnandal Reportlng Standard 8ppllcable kn the UK arKI Republk of Ireland. and applICab￿ law (Unlted Klngdom Gener81ty Accepted Accountlng PraG*k8). In our opnion the financial stalèm6nts". gfva a tN8 and falr vl8w of the state of tha grow'8 and parent ch8rliV8 affalr8 a8 at 31 August 2025 8nd of Its Incomlng r88ourc88 and appIl￿tIon of r8sourc63, Indudlng Sts Incom8 and oxpendllure. for the year then ended., have been pro￿￿Y prepared In a¢¢ordanco ￿ Unbtgd Kiwm Ggneralty Acwted Accountlng Pr8Ctic•; and ha￿ been prepared In 8cc(Ydance wlth Ihg roqulremonts ofthe Conwanl88 Act 2006. Ba•1• for oplnlon We conducted our al￿r( In accord￿Ce vlth Intemallonal Standanjs on Audlung (UK) {ISA8 (UK)) and appllcabl8 Lgw. Our responslbllluas under those standards are further d8scrlbed In the audltor respons1bll1￿es for tho audit of the flnanclal stslaments sectk)n of our rew)rt. We are Independ8nt of th8 group In acc￿dance wth the ethlcal requlrements that are rek8vant to our audll of tho financial statsments In the UK, Indudlng the FRC'S EthIc81 Standard, and have fulfilled our other ethlcal responsibillues In accordancè vAlh these requireménts. We b8li8v8 that the audlt evhjencè have obtained 1$ SUffic￿nI arKI appropwlate to p￿d• a bo$1$ fLY our oplnkffb. Conclullons r•lallng lo golng concom In audmlng the flnandal stalemants. we have concMMled that Gov6mor8 U86 of the golng concam ba818 of accountlng In the preparatlon of the flnand818tstements18 approprfat8. Based on the work we have perfonned. we have not idantlflod any mater181 un¢8rtainlwJ relating to events or wndrttons that. Individualty or Ly)IlectNely, may casl slgnrficont doubt on the group's abllKy to contlnua as a golng concgm for a perfod of at least twefve months from Nthen the odglnal financlal statements ware 8ulhoTW for Issue. Our responsibiliila$ arKI the resp(Thibiliii•s of tha Govomors wllh respect io ￿l￿g ￿l￿ern are d8scrlbed in th8 Televanl sectlons of this rèport. Olh•r Inforniatlon The Govemors are re8ponslbl8 for the 0th8r kkntlon. Th• other Infom78ilon comprfse8 the infoffliatb)n Incbjded In tho annual raporL othèr Ih•n the finanL¥al statsments and our auditorfs ret thereon. Our oplnlon on the finandal Statements do68 not cover the other infomialion and. except to the extant Othe￿$e 8xpllcMy Statsd kn our rèport. we do not express any form of assurance conchtslon thoreon. Page18

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Independent Auditorfs Report to the Governors of Taunton School Educational Charity In connectlon wlth our audlt of the financlal statements, our re8ponslblllty 18 to read the other Infomiatlon and, In dolng so. cfjnsldar whether the other Infomialion is materL41ty ineonsl8tsnt wllh the flnancial statements or our knowledge obtaSned In the audlt or othe￿15e appaars to be materlally misstated. If we identlfy such malgrial inconslslen¢ies or apparent materlal mlsstatemonts. we are required to detemiino whether thgro is a material misstatomenl in tho financial slatements or a material misslalement of the olher infom1at￿n. If, basod on the work have performed, we conclude that Ihere is a materlal mlsstatement of th18 (rther infom)atlon, we are requlred to report ihal fact. Wa havè nothlng to report In this rngard. Oplnlon on other matter pr••crlb•d by the Companlo• Act 2006 In our oplnion, based on the work undertaken in the course of the audit: the Informallon glven In the and Governors, Report for tha flnandal year for whkh the financlal statements are prepared b conslstent wlth the ffinanclal statements. and tho and Gov8mors' Report have bgen pr8par8d in acrx)rdance with applicable ￿81 requlremants. Matt•rs on whleh wo ar• r•qulr•d to r•port by axc•ptlon In the Ilght of our knowledge and understanding of the group and the paront cha￿tabl9 company and Its environment obtained in the cours8 of the audiL we have not idanlrfiad material misstalamgnts In the and tha Governors, Rawt. We have nothlng to report In respect of the followlng matters the Companles Act 2006 requlres U8 to report to you if. in our opinion.. ad8quato accounting ￿CordS have not b88n kept by the parent charitable company, or retums 811equate for our audll have nol been rec8lved trom branches not vl8lted by us., or the parent charitable company financial 81atements are not irb agreement with thè actounting records and returns.. or certaln dlsclosures of Goverr￿[S r9muneratlon speclflgd by law are not made. or we have not recelved all the Information and explanallons we requlre for our audlt. Rosponslbllltles of Gov•rnorn As explalned fully In the Statement of Irustee8' responslbilities ($6t out on page 171. the trustees are responsible for the preparation of the financial Statements and for being satisfied that th8y give a true and falr Y￿w. and for Such Intèrnal control as the trustees determine is n8cessary to enable the pr8parallon of financlal ststem6nts that are frèe from malerlal mlsstatemenl. whether due lo fraud or rror. In preparfng the finandal $tstem8nts, th6 Govemors are responslble lor assessing the chartys abillty to conllnue as a going concern. dTrsclosing. as applicable. matters related to going concern and using the golng concern basls of a(￿([n11n9 unless the Govèmors elther Intend to Ih4uldate th8 charty or to cease oparations. or have no reallsuc altemalive but to do so. pa￿19

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charlty Independent Auditorfs Report to the Governors of Taunton School Educational Charity Audltor fO•pon•lbllltlo• for tho audlt of th• flnanclal •tat•m•nts Our obj￿￿6$ are to obtaln reasonablè 8ssur8ncè about whether the finand818t8tements a8 a wholo arè frè8 from matertal mlsststèménl. whether du6 to fraud cf orror. #nd to lssug an audttof$ report that Indudes our ￿Inth. Rgasonablo 8ssuran¢a Is a hlgh ￿¥81 of assurance, but Is not a guarantse that an audt conducted in accordance wtth ISAS {UKI vlll detect a materfal mlsstatemenl when It 8xi$ts. Mis$tat8manls can arise from fraLKI or error ond aro consklored matwial If, Indfvldu81ty or In the aggregate. they could reasonably be expgcted to Inlluence the economlc declslons of users taken on the b8815 of these finandal 8tatem8nts. Irregularlil88, Indudlng fraud, are instancas of non-¢>)mplianco with laws arKI regulations. We design procedures In line wllh our responslbbltlles, outllned ab￿. to dotsct material misstatèments in respoct of Irregulartties. Indudlng fraud. The 6xtenl lo whkh our proceduré5 arè capable of d8tecUng irrngularlUe$. IndudlNJ fraud 1$ detsll8d bobjw. Pap 20

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Independent Auditorfs Report to the Govemors of Taunton School Educational Charity A8 part of our audlt plannlng, through dlscu88knns ￿th management, w8 oblalned an understandlng of the legal and regulatory framework th8t18 applicable to the group aThJ the 5gGtor In whkh It QP8rales lo identify th6 key laws and rngulatrons affecting Ihg group. We cOn￿dered thoso lav&S and regulations that have a dirgct impact on Ihe preparation of the financlal slalem6nls. including. but not limitad to the Companies Act 2006, FRS 102 {effeclfve 1 January 2019) {Charilies SORPI, the Charit188 Act 2011 and relevant lax compllance reguL4tlons In the UK. In addlllon, we consldered provlslons of othar laws and fagulatlons th81 do r￿t have a dlrect effect on th8 Ilnandal statements but ¢x)mpllance wllh whlch may be fundarnanlal lo the charity$ abillty to operate or to avoKI a material penalty. We identified the following areas as those most likaly to hava such an effect.. EmployThenl Law. Dats Protection. Health and Safety Legislation and th8 Indepandent S(*ools Inspectorate. We dlscussed vhlh management how the com￿18n¢8 wltrt thèse laws and regUla￿on8 15 monitored and we dlscu88ed the pollcle8 and wocedures In place. We also Ident1fi8d tho Indlvkluals who have responslblllty for ensuring that the entity complies wilh laws and regulatlons and daals wlih r8portlNJ any issues as they arise. A5 part of Ouf planning procedures. we assassed the rlsk of any non-compliance with laws and regulatb)ns on the group's abilty to ¢ontlnu& tradlng and the rlsk of matsrial misstatsm8nt to tho a￿l￿nts. Basod on Ihls unders18ndlng V•P d88lgn8d our audlt wocedure8 to Identlfy non-compllanca wlth 8uch laws and regulalk)ns. Our proceduws Involved the foNowing'. - Di￿U$$I0ns and enquiries ￿th manag8ment of o)mpliance with laws gnd regulations., Re￿eW of board mlnules ond significanl18gal costs incurrgd in the yBor,' and Addressing the rlsk of management ovethde of Intem81 controls, IndLsdlng tesllng of Joumals and evaluaung whether there was evldon¢% of blas by the Govemors thal represented a rlsk of malertal mlsslatemgnt due to fraud. As part of our erK4uirl8s. we dlscussed wth management whether ther6 havè been any known Inslances, allegatlons or su8plcw)ns of fraud, of ￿lch there were none. There are Inherent limltallons In the audit proceduras descrlbed above and the further removed non4ompliance with and regulallons Is from tha evonts and transactions roflg¢t8d In the finandal statements, the less Ilk8ly w8 would become aware of11. Aso, the rfsk of not d8lecUng a material misstalemenl due to fraud Is higher than the rlsk of not detscllng one resulting from error. as fraud may Involve dellberate concealment by, for ex8mple. forgary or intentional misrepresentations. or through colluslon. Because of the inherent limttations of an aud￿, there Is a rS$k that wlll not detect all Irregularltles, including those leading to a material mis$tatement In the financlal statements. The rlsk of not delecling a malarial misslal8ment due to trautl Is hlgher than the rlsk of N)t delectlng one resulting from error, as fraud may involve ddlberate omlsslons, colluslon. forgery, misrepresentalion$. or the ovethde of Internal controls. We are also le85 Ilkely lo become aware of instancEs of non-complance vlth laws and r8gul8tlons that are not c103ety relabj lo events and transaGUons Teflecte(l in the nanclal stat8ments. A further description of our responslbllllles Is avallable on the Flnanclal Reportlng Councll's website 81: ￿￿W.fr¢.Qrg.uk1aud1torSr08pon81bllttl88. Thls de8crtp￿0n fomis part of our audlknls report. Pay8 21

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Independent Auditofs Report to the Govemors of Taunton School Educational Charity As part of an audlt In accordance wlth ISA8 (UK). we exerd80 profes8k)nal ￿￿ement and malntaln prol888lonal 8COPtklsm throughout the audlt. W8 al80: Idonllfy and as$8$$ the risks of matorfal misstatomont of thg ffinanci￿ slatsmgnts. Wh8t￿r dug lo fraud or eThor. doslgn arKI p8rfonn audit prw8dur8s responsive to those risks. and obtain audit rydencè that Is sufficiènt and •pproprfaté to provide a basis for our opinion. Th• risk ol not detecting a matertal ml88latem8nt rè$ultSng from fraud 1$ h￿her then for one resumlng from an error. as fraud may Snvofve collush)n. forgory. Intenllonal L¥nls8k)ns, mlsrgprosentstbns. (x tho ovethdo { Intemal cl￿trol,. . Obtain an understWKllng of kntemal control relevant to audtt in ¢)rdgr lo deslgn audlt proc•Jures that arg approprtate in Ihg GircumstanGe$, bul not for tho purpose of gxpressing and opinlon on the effectivoness of the group's intem81 contrd. Evaluote th8 8pproprf8teness of accounung pollcles used and the reasonablen088 of accounllng a8￿MateS aThJ related dlsclosures made by Ihe Gov8mor8: . Conclude on tha approprtat6ness of th8 Gov&mor8' usa of th8 golng co1￿&M ba81s of aceountlng and. based on tha audlt avldence obtain￿. whether a mat•rlal uncertainty 6xLsl$ related to •v•nts or conditions that may cast significant doubt on th8 group's or th8 parent charitable compan￿$ ability to contlnue as 8 golng concem. If w• conclude that a material uncertainty éxlsts. we are requlred to draw 8ttenUon In our audllorfs report to the related disdosures In th• finandal statem•nl$ or. b wch dbclosures am Inadequate. to mcJWy our oplnlon. Our rA)nduslons are based on the audlt ovldonc8 obtalned up k> Ihe dalg of our audltorfs rgport. However, fvtur8 events or condlllons may causg the oroup or parent ch¥itabig company to Cgase to contlnue as a gdng concem; Evaluate thg overall presgntation. structure and fA)nt8nl of tho financial statoments. incfudlng the disdosures, and whether the finan￿81 statemgnts represent the undgrtying trans8Ctk)ns ond events In manner that achleves falr presents￿On', . Obtsln SLfflldent approprfate audlt evldenca regardlng the finandal Infom)8tlon of the enlltla8 or busln68s actMt1é8 wllhkn tha group to èxpr8s8 and opbnknn on tha financlal stalemenls. Wa arn rèsponslble for thè dlredlon. supèrvlsion and parformanco of thé group audlt. Wo rgmaln solgly responsible for our audit oplnlon.. and . We communicats with those charged vAth govemance regarding. among ijthor matters. thè planned pa and tlming of th aud￿ and Signfficant audit findings, Induding any significant deficl8nd8s in Intem81 wntrol that VP Idontlfy du￿n9 the audlt. U•• of our report This Teport is made tol8ty to thè ¢h•rtlable c<Nnpzns18 Governors, In •ecordanc• with Chapter 3 of Part 16 of the Companl8s Act 2Ix*. Our audlt work has b88n urKlertakan so that might stal8 to th8 charlt8ble Gomponys Govemors thos8 matters we are raqulred to slate to them In an auditorfs roport and for no othgr purpose. To thg fvllesl exlenl pemiltted by law, do nol accept or assume responslblllty to ansftMe other than the charflable company and the charllabia companls Govamors as a body. for our audll work. lor thls report, or for thg oplnlons we have formed. Page 22

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Independent Auditorfs Report to the Governors of Taunton School Educalional Charity S&n•d by.. Louisa Bridggtt (Senior Stalulory Auditor) PKF Francis Clark. Statutory Auditor Grou￿1 Fl(y)r 90 Vtctorfa Street Brlslol BS16DP 25 Narch 2026 Daté.. Pag• 23

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charity Consolidated Statement of Financial Actlvltles Year Ended 31 August 2025 (Including Consolidated Income and Expenditure Account and Ststement of Total Recognised Gains and Losses) Unrn•trlct•d R••trt¢l•d Endowm•nt funds fundi funds £000 £000 Total 2025 Totsl 2024 £000 Incom• KI EThdovffli•ftts from: Donatlons and leoad88 Charlt•bl• 4￿mIl0¥ School fèb$ ot￿r édu¢&Yonal Ino)mg other anduary tradlThJ Income Other tradlng actfvlll88 Investmgnl Inwm8 1.135 15 1.151 1,143 25.64S 25.645 26,901 1.753 1.753 2,249 51 1.86S 51 77 75 Totsl Irc¢)mè 15 31.417 Exp•ndltur• on: Ralslng funds Trading exponses Flnanclng costs Charltabl• a¢tlvlU Education and grant moking Totsl exp6ndltur• GainsPlosses on Investment 8ss•ts (2,376) (163) 12.3761 {1631 1738) 1160) 10 27,231 27,231 .618 (29,770) (29,7701 (30.515) 35 143 Net Income TTansfrs beiwofjn fvnds 15 112 1,172 1.045 104 Net movnént bn fvnds 1,790 (6271 1,172 1.045 R•conclllatlon olfund• Total funds brought 16,207 2.051 21.838 Total funds cathe(I lonyard 17,997 2.953 2.059 23,010 21,838 All of the group's activllley derNe from contlnulng oporation$ durkng the abovo Iwo pgrlods. Thg funds breakdown for 2025 and 2024 shovm In rK)te 22. Tho ￿￿8$ on pages 28 to 54 lonn an Iwral partofthe60 fi￿ncIal 8tal&ne Pw24

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Consolidated Balance Sheet 31 August 2025 2025 £000 2024 £000 Note Flxed as$•ts Tangible assets Investment propertlg8 Investments 13 28,513 2.300 2.059 32.872 29.146 2.020 31.185 Currnnt u••ts Stocks Dgbtors Cash at bank and In hand 16 17 207 1,568 6.080 7.855 5.995 5.187 11.378 Crqdltors: Amounts falllng du• Twlthln on• yur N•t current Ilabllltl•• 18 15.364 11.108 3.986 3.253 Total a88ats lo•• currnnt Il•bllltle8 28,886 27,912 Credltors.. Amounts tslllng du• •ft•r mor• th•n on• year 19 5,876 6,074 N•1 ￿$018 23,010 21,838 Fund¥ of tha Bmp: Endowment fvnds Restricted funds Unrestricted furKI$ 2,059 2,953 17.998 2,051 16.207 23.010 21.838 ndal tatemenls on pages 24 to 54 were approved by the trustees, 8nd authorfsed for Issue . and SIgn￿ on thgk bohaff by.. Mr R Kennody Trea$urer Tha Yw)teS pages 28 to 54 fom an Integr81 part o11h￿ ffinon¢lal statsmw)ls. Page 25

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Balance Sheet 31 August 2025 2025 £000 2024 Flx•d u•ets Tanglble assats Investment propgrllo8 Investmgnts 13 28.276 2,059 32.635 2.020 30.888 StoGks t)ebtors C88h at bank and In hand 16 17 195 1.740 5.569 6.437 4,502 11,022 Cr•dllorn: Amount• f•lllng du• wlthln on• y••r 18 14,843 10,712 N•t cutr•nt Iikniiitl•• 3.821 3,208 Total a•••t• IM• cuff•nl1Sablllti 28,814 27.679 Cr•dltor•: Amoun1• tslllng du• aft•r mor• than on• y••r 19 N•t a•80ts 5,876 6,074 22,937 21,605 Fund8 of th• chMIty: Endowm•nt funds 2.051 R•8trlct•d Income lund• Rèstrlctsd funds 2.9S3 Unr•#trlct•d Incomo fvndl Unrestrkled funds 17,925 22,937 15.974 21.605 Total fund8 amen1$ on pag•s 24 to 54 approv¢d by Ihg tru$toè$. and aulhor189d for Issue Ènd 8lgn8d ¢>n thdr beholf by. on.. Treasure Th8 on pages 28 10 $4 fcffii en intswal part of ihe6e lknand81slateme￿1I. Pagg 26

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Consolidated Ststement of Cash Flows Year Ended 31 August 2025 2025 £000 2024 £000 Not• Ca•h IIow8 from op•ratlng actlvltl•• Not cash Incomg 1.172 1.045 AdJu¥tm•nts lo cash flo￿ from non.ca•h It•m• Dèpredatlon Investment Income Intsresl payable Revalu•lh)n galn on Investrnenl propety 1.321 177) 163 400 1,145 11321 2.179 2,218 Worklng capltal adJustm•nl• Decreaselllncrease) In stocks Increase In dgbtors Increaso In craditors Incre8se In deferred In(x)me 16 17 18 19 11 (4.427) 1.904 1.064 (8) 1531) 131 2,583 Not Cash lknvs from oparatlng aclml 731 4.393 Cash tlows from Inv•¥llng aclMtIo8 Dlvidends. Interests and rents from Investrnents Acqulsllions of tsnglble assets Purtha88 of invèstmènts sa￿ of Inv&slmer 132 (4.079) (267) 3.457 (2.623) 141 Net cash flow8 from knvesting actI￿ti88 Cash flo￿ fr¢ffl flnanclng actlvltl•x Intsrest paid Cash inflows from new borTcAvlngs Repay7nent of loans 8nd tKKrovl￿s Not cash Ilows from finonclng actlvltles Net {decr8ase)fincr&￿e n cash and cash equlvalants Cash and cash equlval8nts at 1 Septembar Cash and cash equlval8nts at 31 August 2,550 57 (163) 1,200 111 {160) 119 279 {893) 6.080 3.357 2.723 5.187 6,080 All of the c88h Ilows ar6 dèrfved frIMn contlnulng ope￿￿onS durfng ￿ above perlods. Thg notss on pages 28 to 54 fcwm an h)te￿al part ofth•s• flnanckql st8t•mants. Pago 27

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Notes to the Flnanclal Statements Year Ended 31 August 2025 1 GhAflty st•lu• To￿t￿ SGhool EducatloDal Charlly (the 'School') was Inrtvporatod In EnglarKI and Waios a$ ccwnpany limi19d by guarantee, {rgglstergd no. 040058031 on 1 Jung 2000 and has no share capltal. The School Is also reglstered wlth Ihe Charfty Commlsslon (reglstered no. 10814201. The address of Ils reglstered and prlndpal office18: Taunton School Stapkgrove Road Taunton Somarget TA2 6AD 2 knuntlng poll¢l•# Summary of 8lgnlflcant accountlng pollcl•• and k•y accountlng ••tlmat•s The prtnclpal ac￿UntIng polScig5 appl￿￿ In tho preparatlon of these financlal statemonts are 80t oul bglow. The¥e pollde8 hgve bean constslendy applled to all the presentsd. unle88 otherwlse stated. Stat•m•nt of compll•ne• Th8 financial statements hav8 been prepargd In acc(Kdance with Accounting and Reporting by ch8r11￿8. Slatement of Rgcommnded Pr8cllce (applicable lo Charl￿e5 preparlng thelr accounts In 8Ctordance wlth the Fhanclal RekM)rtlng Standard appllcable In the UK and R8publlc of Ireland IFRS 102)) 1188uad kn October 2019) _ {Charltl88 SORP {FRS 10211, the Flnandal Repth Stsrmlard appllcabla In tha UK and Republlc of Iraland {FRS 102) and the Compan188 Act 2006. 8a818 ol pr•pratlon Taunton School EducaUon81 Charfty meets the definltk)n of a publlc benofft en￿ty uNlor FRS 102. Assets and Ile)Illtles are InNlaWy recognlsed at hl8lorlcal ¢J)st or transactlon value unle88 othenvL8e statsd In th8 relevant accountlng pollcy notes. 8a•ls of consolldatlon The consolldated finondal slalements consolld8te the financlal 8tstements of the charfty and Its subsldlary undertaklngs drawn up to 31 August 2025. The rnsults of the subskllary are con8011dated on a Ilne by Ilne b8St8. P89tr 28

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Notes to the Financial Slatements Year Ended 31 August 2025 A subsldiary 58 an entlty contro118d by the ¢h8rfty. Contrd Is aCh￿ved where the charfty has the power lo govem Ihg flnandal and operaUng polides of an entlty so as to ¢￿ts4n b8n8fit8 from Its acUvltOes. Tho results of subskllarles acqulred or dlswjsed of during the year are induded in tha stalomgnt of financlal acllvttles from the effective dale of acquisition or up to the gffgclbve dale of disposal. as approprlate. Where necessary. adjustments are mado to thg financial staloments of Subsidia￿eS to brtng thélr aLxountlng pollthg Into Ilne wlh those usgd by the group. The purchase method of ￿cOUntIng Is used lo acc¥)unl for bu81ness combln8tk*n8 that ra8uIt In the acquisition of 5ubsidiarios by the group. The cost of a buslness comblnallon Is mèasurad as thè falr value of the assets glven, 8quSty Instrumants Issued and Ilabllilies InCu￿ed or assumèd at tha dat8 of exchange. plus LX)sts directly attributable to th8 business combination. Identifiablg asso1$ acqvlred and liabIl￿eS and contingent liabllilies assumed in a busingss comblnatSon are measured Inrtlally at Ihelr falr values at the acqvisttbon date. Any excass of the cost of the buslness comblnatlon over the acqulrorfs int6rest In the net falr volue of Ihe hJentSfiablg assets. Ilabllltles and t￿ntIn￿nI Ilabllhle8 r8cognls8d Is racord8d as goo￿111. In18r-company transacllons. b818nces and unrealised gains on transactions bolween th8 ch#rity arKI Ils subsldS8rfes, whlch are related partles. are eliminated in full. Intr&group108888 are a180 allmlnatad but may IrKllcato an Impalrment that requlres recognwon In the con8011datad financlal statsments. Accounting Pol￿10$ of subsldlaTles have been changad whèré necessary to ensure CC￿Sist8ncY with the policies adople(I by the group. Non-controlliig Intèrests in th8 net assets of consolidated subsldlarfes are Idenllfied separat8ty from the group's equity th8rein. Non<ontrolling inloTasts consist of tho amount of those Inlere8ts at the dale of the orlgln81 business combination arKI the non-controlllng sharehokJerf8 share ol thanges In équity Slnce the dats of th8 r￿MbInat￿)n. Total comprehanslve Income Is attributsd to non<orFlrollln9 Interests even If Ihls results In the nonrycontrolllng Interests having a dallcll balanGe. The Charty has taken advantage of the exemptlon allowed under secuon 408 of the Companies Act 2006 arKI has not presented its own Ststemenl of Finandal Actlvltles In these financial statemènts. Golng concom The trustees conslder that thère are no materfal uncgrtalnfjgs about the group's ablllty to conllnue 88 a going corThm nor any slgnmcant areas of uncertalnty that affect the Can￿ng value of 8880ts held by th• group. Page 29

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charity Notes to the Flnancial Statements Year Ended 31 August 2025 Ineam• and •nd¢>¥Mi•nts All Income 5$ recognL8ed m the Charfty has entlmemenl to the Income, It Is probablg that the Income wlll be rac8lvad and the amount of Incoma recalvabla can be measured rellabty. Fe89 recelvabl8 and charges for 8er4kes and use of the preml8e8,188s any allowances, 8th0larSh￿, bursaroes granted by tha Charlty agalnst th¢)8e fees. but Includlng rAintributlon8 Tec8lv6d from rnstdctsd funds. are acojunted for kn th8 perlod In vthlch thè 8•rvlce Is wovld8d. Inv•stmont Inc4Jmo from dlvldends. bank balan¢6s and flxèd Interost 8ocurftt•$ 1$ ac(￿U￿t8d for on an aGcwals basls. Voluntary In￿mir￿a re3ourcey •re •C￿unted for as arKI when entitlement aris8s, the amount can be roliabty quantlfied and the eo)n¢)mlc bgnefft to th8 Charfty 1$ consldored proboble. Voluntary income for the Charfvs gener81 purposes Is accounted for 88 unre8trfcl￿. Where the donor or an appeal ha8 ImFrf)8ad trust law restrlctlons, voluntary Income Is credlted to tho ralevant re8tr1cted fuThJ and Incomlng endowments are aci))unted for as pemwnènt trust capltsl or èxpendabl6 trust capttal. ac(a)rdlng to th8ther the donor Intends retenllon18 to be pernmnent or not. Legad69 are Indud8d %then ￿ Is probable that a payment VAII ba mad6 or yoperty transferrad that th 8th001 Is entit￿ to and tha amount or v￿ue bè rellably me#sur•d. Exp•ndltur• Exp8ndfture18 reo)gnlsed once there18 8 legal or constructfve obllgatK)n to transfer economlc benefft to a thlrd paty, 6t Is probable that a transfer of 8o)nomlc benefits wlll be requlred In 88tt16m8nt and th8 amount of the oblig#lon Gan ￿ mèasured reliably. ExperKlilure 15 classified by aLvlty. The cctsts irf each advlty are made up of thè total of dlr8ct costs gnd sharod costs. Indudlry support ¢￿ts Involved In und8rtaklng each 8th1ty. Dlrect Costs attrll)utable to a slngle acttv￿ arg oIIocoted dlrectjy lo that a￿l￿ty. Shared costs whKh contrlbulo to more than ono aGtivlty and suppryt costs whiGh ora not attributable lo a singla aclNity are apportbngd b9tsv8on Ihose a¢tivitlo$ on a ba$ls conslslenl the uso of rosources. Centrol staff costs are oIIocotgd on Ihe ba¥ls of tlma spent. and depreciolon tharyes alk)cated on the portth of the assefs use. Expendllure on raF8lkYJ funds Includes all expondllure Incurred by th& Group to r818a fund8 lor Its charitable purposes and Indudes costs of ￿1 fundralslng ac1fv￿10s events and non-chadtabla Iradlng. Expenditure on tharitable actfvbties is incurred on directy undertaking th8 acaivlligs furthor the Group's objathves. as wo11 a$ any assodèted suppjrt Costs. All expgndlture18 Induslvo of hoc0￿rOble VAT. R•dund•ncy •nd T•rnilnatlon Rthjundancy and tsmlnatlon costs are racognls•d a8 an exp8ns8 lft the Statament ol Flnandal Adfvitl8s and. whero Ihey remaln unpald. a Il•biUty on thg Balance Shegl Imm8dlatsty at th8 polnt the Charity Is demonstrably ￿mmItted to eith8r: larmlnate Ihg empto￿onI of an omployo9 or gTOUP of employees bofora nomial ratirement datg., or provlda lemiinatk)n benefils 0$ a rasult of an offer made In ordgr to encouragg vo￿n18ry redundancy. The¥0 costs are dl8closed 8gparatoty wllhln stsff costs. Pag8 30

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charlty Notes to the Financial Statements Year Ended 31 August 2025 Support costs Support ojsls Include cAnlral funotions ond have been allocated lo acw c081 c8tegorles on a basls corbslstent whh the use of resources, for example. allocalirvj pro￿ty cgsts by floor areas, or per capha, staff costs by the limè spent and oth8r oJsl$ by Ihelr usagfj. Taxatlon The char4ty18 consldered to P8S8 the tests Set out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefo￿ It meets the definlllon of 8 charitable company for UK corporatlon tax Pufposes. Accordlngly. thè charty bs potentklly axempt from taxatlon In respect of Income or capllal galns rtc8iv8d within catogorigs rnvered by Chaplor 3 P8rt 11 of the CorFX)rat6on Tax Act 2010 or Sectlon 256 of the Taxation of Chargeabl8 Gains Act 1992, to the oxtent that sL￿h In¢ome or gains aro applled 6xdusively to charitable purposes. Tanglble flxod ajsoto Tho Charltys Land and Bulldlng8 are vested In Taunlon School Tru8t. a r08tr1ot¢d fijnd. Tangibl8 fixed assets are stated al hlstorlcal cost and subsequ6nlly depr8datsd to th8lr gstlmat8d net realis8ble value over Ihelr useful Irve5. Even so. the School opgrates a formal programme of maSnlenance that Indudes rijutine building work wiitten ofl in tha St8t8m8nt of Financlal AcIlvll￿ In the perlcrfl concerned. Land Is not depreclated. Maior items of expendlture on bulldlngs and assets over £1,000 are capltallsed. To the 8xt8nl that refurbishment Work is consldered to Improv8 8nd thus add a commensurate valuo to the building. Such refurbishment c05ts 8ro also cgpltallsed and depredatsd a8 appropriata. Deproclatlon and •mortl8allon Dopr8ciatlon Is provlded on tanglble fixed a8s818 $0 88 to wrlte off the cost or valuallon. 1gs$ any estlmalgd resldual value, over thelr axp8tXad usafvl e￿nOMIC Iwè as folbyws: Assat class Land and buildings Equlpmenl Motor veh￿108 Assets under ￿nStructI D8prnclatlon m•thod and r•t• 5-50 years 3-25 years 5 years Not depreclatad Inv•#tm•nt proportl•s Investment properties are propert￿8 are lo eam rental income andlor ￿pital appreclallon. ralhgr than for chariloble use or admlnlstrative purp0s6s. Investmont propertig$ are n￿allY recognlsed al cost, Includlng transaction costs. Subsoquontjy, they are measured at falr value at the reporting dale. Gains or losses arlslng from changes in fair value are recognlsed In the Slalement of FinancAal Activities wRhln the seGtion galnsllosses on Investments assets. Py31

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Notes lo the Financlal Statements Year Ended 31 August 2025 Flx•d •M•t In¥￿(mOnth Flxod Assgt Investm8nts are ststod #l markgt valu8. IrFcomo frixn Flxod Assgt InV￿tments and th8 rolated tax crodll are rocognlsod In the Stalement of Flnandal Ac11v6￿88 In th8 padod to whlch they rdate. Where tha market value of Inveslments dlffers from the hlstorlc cos( the dlfferenL 18 recognlsed 0$ an unrealised galnlloss In the Statement of Finandal Aclfvllles. Whern the Investment h88 b8en sold, th18 L8 recognlsed as 8 reallsed galnllo89. The Investment In the subskllary Is held at stock b valued al the kjver of cost and e$Umated selling pdce less costs lo complate and 8811, after duo regord for obwlota and 8k)w mov￿9 stocks. Cost is determlned uslng the flrst4n, fvst-out (FIFO). Trad• d•btorn Trdde debt(vs are amounts due from customors for merthandl80 Sold or 8ervlces perfonr￿d In th8 ordlnary course of busln88S. Trade debtors are recoanlsed Inlllolty at the tr8nsactk)n prfce. They are 8ub8equ8nty measured at amortS8ed ￿81 uslng Ihe eff8dv8 Interest method, 1888 prov181on for Impalrmnt. A provlslon for th8 Impalrment of trade debtors b astabllshed wthen there Is oblacdve 8￿denc0 that the chadty wlll rnt be ablo to collect all amounts due accordlng to tha 0￿gInal tsM￿ of th¢ ro¢glvablas. Ca#h and ouh •qulv•l•nt• Cash and cash equlvalents comprfse cash on hand and call deposlls, and other short-lerm hlghty Ilquld Investments Ihat are readly convertlble to a known amount of cash and arè subjèct to an Inslgnfficant rlsk of ¢hanga In valuo. Llabllltl•• •nd provlslon• Llabilities are r8ce<Jnised whan there Is an cknlK4atlon al th Balanco sheet d•lè •$ a result of a past event. tt Is probabl8 that a transfer of economlc b8n8fft WNI b8 wulred In settlement. arKI the amount of thè settlement can ba e8tlmatsd rellabty. Llgbllttl•$ are rownlsJ at the amount that th8 Company antldpgt88 11 wll pay to $8tt1o thg dobt or th8 amount f( has r8celved ￿ athancgd paym9nts for the go(#J$ or s8rvlGes11 m￿1 provkle. Provl8ions are measurod at the Lwt 8sllm#t8 of ￿ amounts requlred to 88tllg the obligaknn. Whero the effect of the ￿me value of money Is m8tert&l, the provlslon Is b858d on the pre88nl value of those am(wnts, dlscounted at the pre-tax dlscount rate that rellects tha d8ks spedfic to tha Ilablllty. Tha unwlndlng of tha d18count 18 recognl8ed In the Consolldatsd ststamant 01 finandal act1￿1￿ a8 8 financ• cost Page 32

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charlty Notes to the Financial Slatements Year Ended 31 August 2025 Fund struthw• General fijnds are unrestrlcted funds which are avallable for use at tha discrolh)n of the Govemors In furtheran¢8 of the general objecuvgs of the Group and whlch have not been deslgnatad for othor purposes. Restricled funds and Endowed funds are furKls whlch are to bè used fft accordance wilh 3po¢il reslrldons Smposed by donor8 or whlth have beèn ralsed by the Group for particular purposes. The C08ts of ralslng and admlnl8terfng Such funds are charg8d ag01nst the sp8dfic fund. The olm and use of each r88lrlct8d fund Is set out In the notes lo the fln8nd81 stalemenls. Investment In￿Me. galns and lossgs aro alkKaled to the approprlate fund. Re8trfct8d Income funds are thogè donated for use In 8 Partlcular area or for speclfic purposes, the use of whlch Is restrlctsd to that area or purp)se. Operatlng 18aso5 Renta18 paid under operating leases ar8 charggd to the Consotldaled statement of flnandal actlvlllas on a stralght-line basis over the lease temi. P•n$lon$ and olh•r post rotlroment obllgatlonb Th8 Teachers, Penslon Scheme 1$ # mullkemployer penslon scheme. It Is not posslble to Iden￿ the School's share of Ihe undertylng assats and 118bllltles of the Teacher8. Penslon Scheme on a consistent and reasonable ba$1$ and therefore, as requSred by FRS102. 8ccounts for the scheme as rf il were a defined contribution scheme. The School's contributions. which are in accordance with the r8commondattons of the Govemment Actuary, are charg•d in th8 peTi(MJ in whKh the salaries to which they rglate aro pay8ble. The charlty contrfbules to the Pensions Trust Growth Plan frjr certaln of Its employees. Thls Is In most respects a money purchase arrangomenl, bLrt th)es not Include certaln guaranteed benefft elements. The P18n Is 8 mulll-employer schem8 as 11 1$ not po$sSble In the nom7al course of events to Idenufy the share of underI￿ng assets belonging to the indivldual partlclpallng employers and accordingly. in accordance wllh FRS 102. Is accountad for as 8 defined contrlbullon scheme with eontrlbutions being rècordad a$ they beccrfne payab￿. Thg Taunton School Fln81 Salary Penslon Schèm8 Is a dgfingd bgnofit $chome. The defined benefil pension scheme currant service costs are chargod lo thg Statement of Finandal ActSvllles whhln staff costs. The expècted retum on the schemo assals la$$ the scheme Inleresl costs ara crodiled wilhln othèr interest. The scheme actuarial gains and 108ses are recognlsed Immediately as other re¢ognl$ed galns and I￿SeS. The defineil benefft scheme assèts are measured al fair value at the Balanco Sheet date. The scheme Ilabllltles are measured on an actuarl81 basls al the BalancE Sheet dale uslng the proj8cl8d unlt method and dlscounted at a rate equlvalenl to the current rate of return on a hlgh quality corporate bond of equivalent term to the scheme liabllitles. The resuttlng daflned bonefft asset or Ilablllty 18 presented separatsly after other ngt 9s$gt$ on the face of Ihe Balance Sheet. The School i)perales a dolned (x)ntrtbullon p8n8lon Scheme, for teathlng staff. managèd by The Royal London. as an oltgmatlve lo Teachers. Penslon Scheme. The employerf$ contributlon Is 86thor 8% or 10.48%. Pap 33

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Notes to the Financial Statements Year Ended 31 August 2025 Flnanclal In8trum•nts Cl•s8lllc•llon Flnon¢lal assets and )Inancial liabllrtlos are rgcognlsed ¥￿n the group bacomgs a party to the contrathial provlslons of the instrumonL Flnonckql 118bil￿e$ 8nd equity Instruments aro cla8sMlgd ac¢or¢Jlng to the 8ub8t8nc8 of the contractual arrangements entered Into. An equlty Instrument Is any contrad that 8￿denCe8 a re8klual Intsr8St In th8 a88ats of tha group aftor dedLKUng all of Its 11ablllt￿. Recognltlon and me•surem•nt 88sl¢ flnoncl81 Instruments 8re Inlualty To￿9￿180d at transactlon ¥￿￿0 and 8ubsequenlty measured al amorUs&l wlth the exceptlon of Investments whlth are held at falr value. Flnandal assets hokl at amorused cost comprise cash at bank and In hand, Icqether vAth trade and other debtors. A specffic provl$ton Is made for debts for whlch recoverablllty Is In doubl. Cash at bank and In hand 1$ deffined as all cash held In Instsnl access bank accounts and used as worklng capttal. Flnandal Ilabllltl88 hèld at amortlsed co81 compdse 811 credltors axcept securlty and othèr tax￿ and wovlglons. Assets and Ilablllil88 held In forelgn currency ara tran81atsd to GBP 8t Iha balance 8h8et date at an approprtat8 yaar gnd oxdmngo rate. Slgnlllunt •#llm•t• and Judg•m•nts Prepara￿On of Ihe financlal statements requlres management to makè slgnlficant judg8ments and e811mate8. The ftems In tha financlal ststsmants where Ihase judgements and estlmates have been mada Inc4uda: Useft￿ 8conomiG limf of lan￿& fixod assets The annual amortisation #nd depreciation charges for th8 tangible assets ar8 Sen￿11¥9 to Chang￿ In th8 estimated usefvl e￿noMIC Ilves and rgsidual Va￿98 of th8 assets. Thg us8fv1 econ¢yni¢ INos and resldual valuos ar8 amended when necessary to refiect current e$Umates, ba88d on lechnologlcal advancam8nt, future Investrnents, economlc utlll8atlon and tha ph￿ICal condlloon of th6 a88ets. Se notes 13 for the Ca￿ng amount ofthe tanglbla assets. The School makes an estlmats of the recANèrab￿ value of trad6 and other dèbtorn. When a$s•s￿n9 impalmient of trade and other debtors. managèment constrjars factors Indudlng Ihe Gurr8nt credlt ratlng of the dbtor. thè ag8lng profile of dgbtOTS and hlstorlc818xperlgn¢8. Sè8 Note 16 for the not carrylng amount ol tho d8btorn and as8wloted Impalmignt provwon. 3 Incom• from don•llon• and l•g*cl•• Unr•strlct•d nds £000 170 965 Total 2025 Totsl 2024 £000 143 fund8 Donatlon8 Lagades 15 185 1.135 15 1,151 1.143 P•9• 34

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charity Notes to the Financial Statements Year Ended 31 August 2025 4 Incom• from School f0 Totsl 2025 £000 31.131 5,485 25.645 Total 2024 £000 Th• School'# f•• Incom• ¢omprl8od: Gross feos Less.. Tolal bur88rie8, grants and altowances 6.161 26,901 In 2025 and 2024, of the total Incom from Schod fees all were unreslrfcted. 5 Incom• from oth•r educatlonal charttabl• actlvltl8s Total 2025 Total 2024 £000 Entrance and reg￿tratIOn foes Other charges to puplls Courses and su&￿tting5 Fees in li8U 48 646 1.294 248 372 1.753 2,249 In 2025 and 2024. of the total Income from other aducatbnal charftsbl¢ •Gtivltles wcefvable al were unrestricted. 6 Incom• from oth•r anclllary tradlng ¥cllvltte8 Total 2025 Totsl 2024 £000 Olher Ineoma 51 In 2025 and 2024. of the totsl In¢omg from othgr anc4118ry tradlng aC￿VI￿eS 811 were unrestrtcted. 7 Incom• from oth•r tr¥dlng a¢tlvlll•s In¢om• frtyn non anclllary tradlng actlvhl•* Unrestrlcted funds £000 1,864 Total 2025 £0￿1 Total 2024 £OOD 342 451 251 Taunton School Entsrprlses Um￿ad School shop Swlm school 1.864 1.864 1,044 Pago 35

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Notes to the Financtal Statements Year Ended 31 August 2025 8 Inv•slm•nt In¢am• Total 2025 £000 Total 2024 £000 75 Endowmènt £000 Int8rest recalv&l 9 Exp•ndltur• on r•lxlng fund• a) Non4nclll•ry tradlng •xp•n••s Unrnstrlctsd funds Total 2025 ÉODO 2,355 21 Total 2024 £ooD 723 15 Tr8dlng expgnsos Trading exponsos- daFwallon 2.355 21 2,376 2.376 738 b) Flmnclng co•ts Unrnatrlthd funds £000 163 Total 2025 £000 163 Total 2024 £000 160 Loan Intern8t payab 163 163 10 ExpoDdltyr• on ch*rnabl• actlvltl•• Summary by fund ty Unr••trlctsd funds £000 16,427 5.183 2.452 3.169 Totsl 2025 £000 16,427 5.183 2.452 3,169 27,231 Tolal 2024 £000 14,125 5.735 2.887 6.871 29,618 Teachlng Prombes Welfare Support costs of schoollng and govemance cos18 Py36

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Notes to the Financial Statements Year Ended 31 August 2025 Swnm•ry by •xpendMurn typ• Other costs Staff costs Deprnclatlon £000 15.317 1,686 1,407 2025 £000 16.427 5,183 2.452 2024 £000 1.111 2,197 1,046 Teachlng Premises Welfare Support Costs of schoolw and govemance costs 14,125 5,735 2.887 1,300 1,892 20.301 1,277 S.631 3.169 27.231 6.871 1.300 29.618 Gov•mAnc• Included In 811PPOrt CO8ts 2025 2024 £000 staff costs 323 333 32 Audilorfs ramunèration Audllofs remuneratk)n- non audit $eMce8 10 10 offl￿ costs 376 377 11 Gov•rnors' r•munerallon and expon8e8 Durlng the spar, no Govemots received any remunoratlon or othor b8nefits12024: £Nll). Durlng the year ended 31 August 2025. expenses tolalling £1.6k were reimbursed or paid directly to Govemors for expendIlu￿ such as travel and Subslstènce for all of the Irusle8s (2024.. £0.8k). Page 37

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Notes to the Financial Statements Year Ended 31 Augusl 2025 12 Staff co•ts The aggrégatè payyoll o)*ts as foll(Nv8: Group 2025 £000 Group 2024 £ODD staff ¢o•t• durfng th• y•ar w•: Wag88 and salarl88 Social 8acudty costs Penlon Gost$ Tomiln8UonlSe￿ronc8 payment8 16.538 1.601 2.097 15.672 1,405 1.982 20.301 19.059 Tho ovorage numbw of porsons eM￿Oyed ty the group durlng tha year was a8 follow8: Group 2025 No 357 337 Group 2024 Teachlng staff Support staff 366 295 661 The number of empbye88 the emoluments feN wlthln the loll¢xrfng bands was: 2025 2024 £60,001- £70,000 £70.001- £80.000 £80.￿l- £90.000 £100,001- £110,000 £160,001- £170,000 21 The School con81dern tt8 k8y mar)agèmfyrit p8tsonMI to wmpdso tha govemors and thg senlor lèadership tèam. The total aM￿0Y￿e benaffits of tho kay management personnel of Ihe group wern £782,S40 {2024- £692,201). Pago 38

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Notes to the Financial Statements Year Ended 31 August 2025 13 T*nglbl• ftx•d al￿￿ Group Land and bulldlng• Motor Assats und•r v•hlcl•8 Con8tructlon £000 £000 Equlpm•nl £000 Total £000 At I Septembgr 2024 Additkjns DIspos8ls Transfers 33,345 4,526 420 (3) 2,117 3,457 2.194 41.382 2.614 (261 2.458 1231 2,458 12,117 At 31 August 2025 7,060 41.512 D•pr•clatlon At 1 September 2024 Charge fortho 8.735 3.495 12,236 441 11 1.321 Ellmknaled en dOsposal8 Transfors (23) 532 (31 (26) 532 At 31 August 2025 9,049 3,933 18 12,999 N•t b¢yok valug At 31 August 2025 21,816 3.127 37 28.513 At 31 August 2024 24,611 1.031 47 3,457 29,146 P8g• 39

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Notes to the FlnanGial Statements Year Ended 31 August 2025 Char Land and bulldlngs £ODO A••ts und•r Equlrth•nt Constrnctlon £000 £000 Total £000 Co•t At 1 Soptember 2024 Additions Dlsposals Transfers 33,132 4.228 419 13} 3.457 2.194 40,817 2,614 126) 2,458 <231 2,458 2.117 At 31 A￿￿¥t 2(Y25 30,651 6.761 3.534 40,948 D•prn¢Oallon At 1 September 2024 Charge lor the year Ellmln8ted on dpo8als Transfar8 8.723 3.226 430 (3) 11.949 1,280 {261 532 {23} At 31 August 2￿5 9,017 3.654 12,671 Not l)ook valu• At 31 August 2025 At 31 August 2024 21,634 3.107 28.276 24.409 1,002 3,457 28,868 14 InvMtrn•nt I￿P￿￿ Group Inv•8tm•nt prop•rtl•¥ £OOD Cost or V￿￿•t1¢>n Rovoluatkjn Transfe 364 1.936 At 31 August 21Y25 Provl•lon At 31 AUg￿*t 2025 Net book v•lu• At 31 August 2025 Pap40

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charlty Notes to the Financial Ststements Year Ended 31 August 2025 The Grange has been transferred from tanglble flxed assets to Investmonl property as the property no longer belng used as an operatlon81 bulldlng but rathar for rental PUfPOSgS from 14 August 2025. The Investment property was valued on 14 August 2025 by Christie & Co. The valuation was prepared on the basis of market value as dèfined in the Royal Instilution of Chartered SuNeyors Valuallon. Chilty Inv•stmont proprtl85 Cost or Valuatlon Revaluation Additions 1,936 At 31 August 2025 ProvlBlon At 31 August 2025 N•t book valu• At 31 August 2025 15 Flxod auot Inv￿lmOTh￿ Group other flxod asset Inv•slmonts £000 Total £000 Cost or Valuatlon At I September 2024 R6valuation Addil)ns 2.020 3S 35 At 31 August 2025 2.059 2.059 N•t book valu8 At 31 Augusl 2025 At 31 August 2024 2.osg 2.059 2,020 2.020 Page 41

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Notes to the Flnancial Statements Year Ended 31 August 2025 Sh•rn• In group und•rtaklny and partlclpatlng Intsrn#ts Sub$ldlary und•rtaklngs Total Co•t At 1 Septembèr 2024 At 31 Augusl 2025 N•t book valu• 100 100 100 At 31 August 2025 At 31 AugLMI 2024 100 100 100 100 Ollw I￿¥￿Im•n￿ Ll#t•d Invutm•nts £000 Total £OOD C￿1 or Valuthn At 1 September 2024 RevaluaUon Addltlon8 2.020 35 At 31 August 2025 2.059 2.059 N•t book valu• At 31 August 2025 At 31 August 2024 2.059 2.020 2.020 Anaty￿* of Ilx•d ••••t Inv••tm•nts 2025 2024 £000 £000 1.912 Quoted Inv88tm8nts at market ¥a￿a Cash at brokers 2,059 2.020 Hlstoital Cost of quoted Investments wa5 £1,767k. Page 42

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Notes to the Financial Statements Year Ended 31 August 2025 D•to11• of und•rtaklng8 Delails of th8 investments in whlth th9 charlty holds 20% or more of the ncthln81 value of any dass of shale capital are as foll¢)ws'. Country of Incorpor•tlon Proportlon ol votlng rfghls and Shares hold 2025 2024 Prln¢lp•l aGtlvlty Und•rt•klng Holdlng Suhldlary undort•klng• To support tho Schoofs chadtsbla alm8 through letting of Its facilltles when requlrgd for educatlonal purposes Taunton Srhol Enlerpdses LlmKed {cg)mpany no. 0284633S) Taunton S(￿01. Staplagrove Road. Taunton. TA2 6AD England and Wat88 £1 Ordlnary 100% 1CN)% Taunlon S( Trusts88 Limited {company no. 067069521 Taunton School, Stsplegrove Road. Taunton. TA2 6AD The financlal resu118 of the subsidiarios for ts year were: England and Wales £1 Ordinary 100% Dormant company 100% Incom• Ex￿ndItUrn Prollll(Loss N•t IllabllftleBVa$$•t$ £000 £000 £000 £000 Taunton Limited School EntOry￿se8 1,916 2,028 1112) (20) Taunton Sd)ool Trustees Llm Pag8 43

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charlty Notes to the Financial Statements Year Ended 31 August 2025 Taunton School Enlerprf869 Llmltad wa8 formed to 8UPPOrt th6 School's charftèblè alms through Iotlng of tts fadlMla8 wh•n not mqulrod for adi￿tIon￿l purpo80s. It don#t•¥ Its annual tsxablg profits to the School by Gift Aid - £nil12024- £nil). At th8 end. £673.3k12024: £314.8k) was ow8d by tho ¥ubshJFary. 16 Stock Group 2024 £000 103 Charlty 2024 2025 £OWi 202S Consumabl6 maledals Se￿30￿ shop and matsri815 for Sale 103 112 104 92 207 195 17 D•btorn Group 2024 £DOO Ch•rNy 2024 2025 £000 619 2025 £ooD $23 Trndè and oth8r debto Due from group undgrt8klngs Prepayments and accrued Inco VAT recovarable F•e deblorn 510 314 732 428 68 428 488 5,995 6.437 1,740 Pagtr44

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charlty Notes to the Financial Statements Year Ended 31 August 2025 18 Cr•dltorn". omounts f•lllng due wlthln on• ￿11 Group 2024 £000 40 1.121 Charlty 2024 £000 40 1.083 2025 £000 152 1.649 2025 £000 152 Bank k)ans Trade cred6tors Other taxal￿n arKI soclal 1.649 302 1.119 1.435 782 377 299 1.016 1.092 1.338 377 Penslon scham& credllor Other creditors and awuals Fea d8posits Advanc fee schemg Faes racived In thance of term 302 748 1.435 782 1.092 1.338 8,276 15,364 5,824 11,108 8,276 14.843 5,824 10.712 19 Cr•dltors: amounts falllng du• •fter on• year Group 2024 Charlty 2024 £000 1,127 3,366 1,581 202S £000 2,104 2.932 2025 £000 2,104 2,932 841 Bank loans Fee deposits Advan￿ fee scheme 1,127 3.386 1.581 5.876 6.074 5,876 6,074 Induded wilhln the Above are amounts falling due as follows: Bgtwoen two flvo y• Bank thns 1.312 190 1,312 Ov•r flv• yurn Bank bans 792 937 792 937 The School ha8 four bank bans wth HSBC plc. Two of the loans are sfjcurod by a legal Gharg9 over the School's properties Greenway Rood and The Grange. Page 45

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Notes to the Financial Statements Year Ended 31 August 2025 20 Adv•nc• fw• Parent8 may pay to th8 SclNx)I tuSlon fv88 kn advance. A88umlng puplls rem&ln In the advancè fee scheme, Pa￿￿ents wlll b8 applled to offset fe88 a8 foltOW8: 2025 2024 £000 £000 Wlihln on8 year WItNn on8 to yoars wItNn tffti tt) fve ￿ar8 Ovor fvg ￿T¥ 782 1.338 787 747 47 1.622 2.919 2024 2023 £000 £000 B81gnce at 1 Sgptember 2024 Naw contracts 2.919 23 {1.3191 1281 27 1.180 Amounts ullll¥ed In p#ymenl fees Capltal repahj D18o)unts appued Balance at 31 Augugt 2025 {535) 1110) 24 1.622 2,919 21 Flnancl•l In$trum•nts Group 2025 Gr￿P 2024 Charlty 2025 C￿r 2024 Flnanclal a•Mts £000 £000 Flnandal assots moasured at falr vak 1,945 Flnanclal a888ts measured at falr ¥8￿0 Include8 a888ts held 8$ Inve8trnants1888 cash h8kl. pa￿ 46

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Notes to the Financial Slatements Year Ended 31 August 2025 22 Fund¥ Group Balanc• at1 S•ptwnbor In¢<>mlng R•8our¢ Galn#l 2024 r•sour￿5 Wènd￿ Tran•f•rn {loss8sl £000 £000 £oDo £DOO Balance at31 August 2025 Unrnstrlctsd funds Gèneral Funds- all funds 16.207 30.867 (29,787) 746 (35) 17,998 R•Btrlct•d funds Taunton School Foundation Taunton Schwjl Tru8t- Land & Bulldlngs 1,620 15 (642) 993 1.960 1,960 Totsl rn•trl¢ted fund* 3.580 15 2,953 Endowrnent funds lan Evans-Lombe Scholarshlp Fund 2.051 2.051 104 35 2,059 77 104 Total fund• 21.838 30.959 29,787 23.010 Page 47

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Notes to the Financial Statements Year Ended 31 August 2025 Balane• at BJl•nu at 31 August 2024 £000 8•pt•mb•r Incomlng R•sourcos 2023 rnsourc•• exp•ndod £000 Tr•nsf•r• £000 Unr•strld•d funds General Funds - all funds 14.035 31.342 (29,431) 18.207 R••trfct•d fund# T•unton School Foundation Parental Funds Ta￿lon School Trust- Land & 8ulldkngs Haynes Fund lan Evans-Lomb• ScholaTshlp Fund Gerrard Memorfal Bursary Taunton School SCI￿81$h1? and Bursary Fund Othgr Restrktsd FurKIs 1.508 105 113 1105> 1.820 1.960 101 {1011 104 (104) {998> 113 55 (113) 55 Totsl rostrlct•d fvnds 3.580 Endowm•nt fund# lan Evans-Lombg Sd)olarnhlp Fund 1.815 1.815 132 104 2,051 2.051 132 104 Total fund• 20.793 31.474 30.429 21.838 P•90 48

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charlty Notes to the Financial Statements Year Ended 31 August 2025 The specific purpose$ for wh￿h lh9 fvnds are to ￿ applled are as follows: ErKlowmenl funds.. The lan Ev8ns-Lombe Scholarshlp Fund forms part of the Foundatlon Funds. The glft was made by the Twstses of Mr Evans-Lombe with the objective to advance the educallon of chlldren VAKS could not olhemse afford the School's educatSon by pfovlding for scholarshlps lo be awarded to h¥0 pu￿15 startlNJ in the Lower Sixih exh ￿ar. Reslrlclad funds.. Taunton School Foundatlon ITSF}- The IIu81 Is admlnlstsred by a F1wniW￿ Boord, WM) work wNh the Govemors to promote and provld8 for the d6veknpm8nl of tho educatlon81 fadlllle8 and aCt￿ltIeS of the School. Taunton School Trust - The fund represents the land and property and restricted furKls held by Taunton School Trust on incorpora￿on. Pa90 49

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Notes to the Flnanclal Statements Year Ended 31 Augusl 2025 23 Pm•ty81• of n•t ••••ts botwwn funds Group Endornnt fvnds Exp•ndablo £000 Total lunds at 31 August 2025 £000 28.513 fvnds G•nw•l £000 26.553 R••trlct•d fiind• £000 Tangibl8 fixed ass8ts Investment property Flxad 88set Inv88trnants Current assots Current Ilabllltl85 Credmors over 1 ￿ar 2.059 2.059 11.378 (18,435) 2.805 10.385 118.4351 Total net assets 17,998 2,059 23.010 Unr•strld•d funds R••trlcl•d EndoMn•nt funds Tolal fund• al 31 August 2024 £000 29.146 2.020 7,855 111.108) 6.074 £000 27,186 (31) 6.235 111.108} 6.074 Tanglble fixed a88ets Fixed assèt Inv88tm•nls Current ass8ts Current Ikqbllltles Credltorn ovgr 1 year 2.OS1 1.620 Totsl net assets 16.208 3.580 2.051 21.839 24 An•tysl• of net lunds Group 8•pt•mbor 2024 £000 6.080 1401 Flnanclng Al 31 August Cash flows 2025 £000 5,187 (152) Cash at bank and In h8nd Debt due wlthln one yaar Debt due after more than on• >Yar Net debt {893) {112) 977 2.931 Page SO

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charity Notes to the Financial Statements Year Ended 31 August 2025 8•ptsm￿r 2023 £000 2.723 {65) 1.137 Flnonclng At 31 August cash flows 2024 £000 £000 3,357 6.080 25 {40) 10 1.127 Cash at bank and In h8nd Debt duo wlhin ono year Debt due after more than on8 year Net debt 1,521 3,392 4.913 25 p•n￿on and oth•r schema• Deftned b•n•flt p•nlon schemes T•achons' PgnBlon Schem• The School participates Sn the Teachers, Penslon Scheme {Ihe TPS") for 115 teachiThJ staff. The nslon charge for th8 y88r Indudes contrlbutlons payablè to the TPS of £1.134.174 12024.. £1.626.705) and at the yeor4nd £126,648 (2024.. £126.542) wa8 accnd In ré$p6ct of ojntrlbukns lo this schome. The TPS18 an unfunded mul1i-emplo￿r definod b8nefils penslon scheme govemed by Th6 Tèachers. Pensions Regulalknns 2010 las amend8d) and The Teachors, Penslon Scheme Regulations 2014 (as amendetl). Members contrlbute on a 'pay as you go. basis wrth conlrlbutlons from membets and the employer ￿Ing credited lo the Exchequer. Rettremenl and other pensknn bentfits are p￿d by public funds p￿￿￿ed by Parllam8nt. The employ8r conlributlon r8te L% sel by thè Sacretary of Slalg following Sthome valuatlons undertaken by th& Govemmenl Acluarrfs Department. Tha mosl racant actuarial valuallon of the TPS was prepared as a131 March 2020 and the Valuation Report, whlch was published in October 2023. FollovAng the Mccloud Sudgement. the rém8dy PTOP)sed that when ben8fft8 become payabl8, ellglble members can select to recelve tham from etther the refom)ed or legacy schemes lor th6 per￿ 1 Aprll 2015 to 31 March 2022. Thfy aduarles have assumed that members are likely to choose th8 Optlon that provides them with the greater benefits, and in prepafing the 2020 valuatlon have valuod the 'grealer valu8, b8nofits for groups of relevant members. Thg valu8Uon (Yjnfirmed that the 8mpwr CAintdbutlon rat8 for the TPS would Incr8a8e from 23.6% to 28.6% from 1 Apdl 2024. Empl￿r$ arè also requlrgd lo pay a 8cheme ￿jmInIStraIb0n levy of 0.08% glvlng a total 8mph)yer contribution rate of 28.68%. The Group operates a defined benofit pon$ion scheme. Support staff The School operates a defined benefit pension schem8 for Its support staff. The Taunton School Flnal Salary Scheme, which is managed on its bahalf by JLT. The scheme Is funded and Is contracted Into the slate stheme. The scheme closed lo naw 8ntfants on 1 October 2￿)1. The last formal valuation of the scheme was perfornied in 2021 Bnd showed an actuarial deficAt so a recovery plan has b8en put In place. subject lo ￿vIeW al fulure fundlng asse$sment5. The posibon al the end of 2025 is set out below. Pagg 51

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Notes to the Flnancial Ststements Year Ended 31 August 2025 The amounts recogn18ad In the c￿lIda1•d Statwnent of Flnandal Athld88 ore a8 follows." 2025 2024 £OOD Acknal rotum18s8 8Npéthd retum on assets ExpgrSgnLY bssgs on the IlabSlltlg5 Chang8 in a8sumptlon$ Unrewjnlsed surplu8 Total amount recognlsed In the Con8olldated Statemont of Flnandal Activllies (458) 459 (1.311) (46) 257 (1.100) R•condll•llon of scheme assots and ￿bIlItIeS (o assets and Ilabllltles rKognlsed Thg amounts recognlsed In the statement of finandal p0S￿on ar8 as follows.. 2025 £000 4.259 4,205 2024 Falr value of 8theme a888ts Prgsonl value ol dgfined benefit oblgalion 4.789 4.738 51 51 calllng adJu81ment D8flned benefit Pgnsk)n scheme surpluslldefic￿> D•ftnod bw•fft obllg•tton Ch•ng85 In the dafinod banefft obllgaoon aro 88 follows: 2025 £000 (4,738) (2291 459 303 Pre8ant valua at start Of￿ar Interost (wt Actuarial galns arKI h)ssos Benefits pald Present valu8 ot erKI of yt8r 4,205 F•lr v•lu• of $ch•nM •88•ts Changgs in the lalr valuo of schemg assets are a8 folbws: 2025 £000 4,789 232 (4591 303 F8lr value at start of year Interest Income Reium on ￿ets1O88 Interest Income Benefits pal(1 Falr vdue at end of P89tr 52

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educational Charity Notes to the Financial Statements Year Ended 31 August 2025 Analysls of assets The rna￿r categorfes of scheme ￿Sets arg ￿ folkiws.. 2025 £000 2024 £000 51 4,738 4,789 Cash Bonds 4,205 4,259 prtnclpal actu•rf•l assumptlons The prlndpal actuarfal as8umptlons at the slatem￿t of flnand#l position date aro as fdlow8'. 2025 2024 Dlscount rate Future pension Increases InftatKJn S.90 2.70 2.80 5.00 2.90 3.00 Post retlrnnentmort•llty assumpthlns 2025 Year8 26.00 28.00 27.00 30.00 2024 Yèars 26.00 27.00 28.00 30.00 Current UK pensIone￿ al rellrement age- malg Currant UK p9nsioners al rellremenl ag8- female Future UK pensloners at re￿rement agè- male Future UK pensloners at retiromont age- female The School also operatss 8 defined conlrlbulion penslon scheme managed by Th8 Royal London. whlch non-teachlng staff are elkJlblo to Soln. The assets of the ￿hem0 are held separately from the Sthool. The employerfs contrlblrtlons m8tch8s that of the employee ￿thin the reglon of 5-12.5%. The cost for the >par represents the School'8 0)ntrlbullon to thè Schame of £355.48712024.' £355.295). The SchcK)l operates a defined ¢>)ntribU￿On pension scheme. foi teaching staff, managed by The Royal London. as an 8ltemat￿e lo Teachers. Pension Stheme. Thg employers contrlbutlon Is elther 3%, 8% or 16.48%. As at 31 August 2025 there were 83 12024.. 501 members and the cost for the year rapres8nt8 the School's ￿ntrIbutIon to Iho scheme of £598,168 (2024: £294,194). Pagè 53

Docusign Envelop8 ID.. 5E5A953F-FE4&4FEO-82304ODF5F74A60B Taunton School Educatlonal Charlty Notes to the Financlal Ststements Y8ar Ended 31 August 2025 20 Obllgatlon• und•r IM¥•s Op•rntlng l•aM ¢ommltm•nts At 31 August 2025 the Group and th8 Charlty had rx)mmitm8nts to make fu￿re mknimum le￿0 paynents under non-cancallable operatlng le8se8 gro 8$ follovm: Group 2024 Ch•rlty 2024 £000 2025 £oDo 2025 Wfthkn year Be￿8￿n one and fv& ￿r8 Aftar five y98TS 294 772 300 222 1,360 12 The fdlowlng lea80 payments have been ree4)gnl8ed 88 an exp8n8e kn th8 Ststement of Flnandal Athlil8s: £288k (2024: £247kl. 27 Rolat•d p•rty trn#actlon• T￿￿12024- iwo) Governors pay lor thlldrnn at the School. School fe88 Incurred by th8 Govemors are paid on a commerdal arms. ￿n9th ba$l$. ¢>)vemor8' rgmungr8tlon and axp•nso8 arè dl8ckx8d In noto 11 and key man•gem•nt p8r8onn•l remungratlon Is dlsdosod In noto 12. Trnn8acllon8 Taunton S(wol EnterpTi885 aro dlsdosed In not8 15. A total of £21XI (2024 - £1.003.TY61 was donated to Taunton Sch￿1 Educatlon81 Charlty by ￿rr¢Al or former tru8tO88. Th8w8 aro no othèr rélated party tran8acilon8 to nots. P4tr 54