**Company registered number: 04399494 Charity number: 1092298**
## **SIR JOHN PORT'S CHARITY**
**(A Company Limited by Guarantee)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2025**
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 16|
|**Trustees' Responsibilities Statement**|17|
|**Independent Auditor's Report on the Financial Statements**|18 - 21|
|**Consolidated Statement of Financial Activities**|22|
|**Consolidated Balance Sheet**|23|
|**Charity Balance Sheet**|24|
|**Consolidated Statement of Cash Flows**|25|
|**Notes to the Financial Statements**|26 - 47|
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DRAFT
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## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
**REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025**
|**Trustees**|E M Shires BA(Hons)FCA,Chairman1|
|---|---|
||A Bock BSc MRICS(resigned 20 March 2025)|
||M A Casini BSc|
||A J Churchill OBE MA FREngFRAeS FIET|
||Dr K J Dell MA DPhil PhD DipLCM|
||S Gould BA(Hons)FCIPD|
||J R Hart BSC(Hons)MRICS(appointed 7 April 2025)|
||E HattersleyBA(Hons)|
||E A Haydon MBE BSc PGCE NPQH|
||C D Hibbs BSc(Hons)FCA|
||N P H Hillman OBE MA(appointed 7 April 2025)|
||B Hughes BSc FRSA|
||R L Johnson BSc|
||K K Joshi MA(Cantab)|
||D J Lloyd MSc MSt PhD CEngFIChemE CMIOSH(appointed 16 April 2025)|
||M J C Needham LLB|
||N C Walford BA
S Wan BSc MBA DipM|
||J D Wyld BA(resigned 17 June 2025)|
|||
|1Audit Committee Member
**Company registered**
**number**
04399494
**Charity registered**
**number**
1092298
**Registered office**
The Bursar's Office
Repton School
Repton
Derbyshire
DE65 6FH
**Clerk to the Governing**
**Body**
R Mair
**Independent auditor**
HaysMac LLP
Statutory Auditors
10 Queen Street Place
London
EC4R 1AG||
Page 1
## **DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
|**Bankers**|National Westminster Bank Plc|
|---|---|
||Crompton House|
||Derwent Street|
||Derby|
||DE1 2ZG|
||Santander Corporate Banking|
||5 Market Place|
||Derby|
||DE1 3PY|
|**Solicitors**|Foot Anstey LLP|
||2 Glass Wharf|
||Bristol|
||BS2 0EL|
||Stone King LLP|
||Boundary House|
||91 Charterhouse Street|
||London|
||EC1M 6HR|
|**Surveyors**|Fisher German|
||The Estates Office|
||Ivanhoe Business Park|
||Ashby De La Zouch|
||LE65 2UZ|
|**Insurance brokers**|P J Frankland Limited|
||Oxford House|
||Stanier Way|
||The Wyvern|
||Derby|
||DE21 6BF|
1
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
The Governors (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of Sir John Port’s Chairty (the Charity) for the year ended 31 August 2025. The Governors confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2019.
## **CHARITABLE OBJECTS**
The Charity’s principal objective is to provide and promote independent day and boarding schooling in the Repton area. The Charity holds land and buildings in the Repton area, most of which are used by Repton School and Repton Preparatory School for the provision of co-educational independent schooling for children aged between 3 and 13 (Repton Preparatory School at Foremarke) and 13 to 18 (Repton School at Repton).
## **REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR**
## **Repton School**
## **Operational performance of the School**
There were 630 pupils on-roll during the year, maintaining prior year numbers.
17% of A Level entries were awarded an A* and 47% of entries were awarded an A* or an A. The percentage of entries awarded an A*, A or B was 80%.
56% of GCSE entries were awarded grades 7-9 which compared to 58% last year.
## **Principal activities of the year**
Repton has a philosophy that is committed to an all-round education, and the provision of a wide range of extracurricular opportunities enables our pupils to explore, grow and develop as well-rounded individuals.
## **Academic**
The year began with a statement of strong academic intent: Honorary Scholarships (achieving seven or more 9s at GCSE) were awarded to 10 pupils. The year closes with a wide range of excellent offers to top-flight universities. Specifically, one pupil progressed to Harvard, as well as further placements in the USA to Princeton, Marshall, Texas and Wheaton, with one pupil receiving an offer from Mount Royal in Canada. In the UK, Repton continues to have students secure places at some of the most competitive universities, and we were delighted to have places confirmed at: Durham (5), Edinburgh (3), Imperial College (1), St Andrews (1) and UCL (1). Pupils also progressed to competitive courses at Birmingham Conservatoire (1) and Oxford Drama School (1). Finally, Repton was particularly delighted to have two pupils take up places to study at Oxford University and one at Cambridge.
The school has appointed a new Head of Careers, further developing our careers provision within the curriculum. Already we have had several visits from notable external speakers.
## **Sport**
In addition to the performance highlights outlined within this report, we are extremely proud of the levels of participation in sport at Repton, throughout the lower school and Sixth Form, girls and boys. Over 80% of the school have represented Repton competitively, fielding 70 teams across 10 sports.
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**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
Repton remains the leading co-educational hockey-playing school in England. The year saw us once again add to our 50+ national titles in both the indoor and outdoor competitions. With the highlight of the year being our Girls 1st XI going undefeated across the year and beating Millfield in the national cup outdoor finals. 1st XI going undefeated across the year and beating Millfield in the national cup outdoor finals. The Boys 1st XI narrowly missed out on the elusive double as we finished runners up to Whitgift. The strength in depth of Repton hockey is impressive with the U18 Boys and U16 Girls becoming Midland Champions. In terms of individual honours, several pupils have been chosen to represent their countries
This year, Girls’ Football has grown considerably in popularity and strength in depth with the Girls 1st XI reaching the last four of the U18 ESFA Cup competition and the quarter-finals of the ISFA Cup, winning consistently in the Midlands League to come second overall. Girls play in the Derby County, Aston Villa and Leicester City U21 Women’s sides, with two pupils playing for the Independent Schools teams.
In Boys football, we remain Derbyshire U18 champions. Our ISFA representative honours have been strong in U18’s and U15’s and several players represented their country or have been selected for the youth teams with Leicester City, Burton Albion, Macclesfield Town and Birmingham City.
This season has been another outstanding year for our cricketers. Highlights included the Boys U14A XI being crowned county champions and therefore qualifying for the national cup this academic year, a significant step in our pursuit of a boys national title. The Girls U17A XI had impressive wins in the T20 national cup over Shrewsbury, Gresham’s, Rugby and Bradfield to be named national champions. Several of our pupils (both boys and girls) have enjoyed the benefits of representative attachments to county schemes, including Derbyshire, Warwickshire, Nottinghamshire, Lancashire, Yorkshire, Leicestershire, Suffolk, the Blaze and Northern Diamonds. We have also enjoyed significant representation at the prestigious Bunbury Festival.
The success of Repton Swimming, a performance programme still of just 5 years old, has continued to move from strength to strength finishing 2nd in the prestigious Arena League. In addition to this there was further national cup success with our girls teams being crowned double national ESSA relay champions. Many of our swimmers compete at the English, British and world championships for their respective countries as well as having members of high-performance GB teams.
Tennis has been a traditional sport of strength at Repton. Earlier in the year, the U15 Boys made it through to the LTA National Final at Bolton, and went on to win the national cup. Individually, the 1st VI players have developed the winning habit in their LTA singles events and both boys’ and girls’ teams have successfully negotiated successive rounds of the Glanville and Aberdare Cups and are poised for national success.
The Lent Term saw many excellent performances in Netball with the junior teams in particularly fine form. This was capped by the U14s competing at the National Netball Finals, making them one of the top 18 schools in the country, out of the 1500 schools who entered the national competition, with the 1st VII making it to the East Midlands Regional Finals. Netball has also received individual further representation within the Loughborough lighting super league age groups and performance squads.
## **Music**
With a new Director of Music in place for the start of the academic year 2024-2025, this afforded the opportunity to put strategic plans in place to build on the excellent work of the department and put strategic plans as well as highlighting areas of particular challenge.
In a packed year of musical endeavour outside of the classroom, there were over 70 musical experiences from
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**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
informal concerts, workshops, masterclasses and outstanding concerts and services.
Highlights included the Concerto Showcase Concert with pupils performing concerto movements accompanied by an orchestra of pupils and adults, culminating in an outstanding performance of Beethoven’s 3rd Piano Concert by Upper 6th former Will Morrison, an inspiring individual music competition which led to a stunning Grand Final in Repton’s Chapel, Gala Concerts showcasing the increasing array of musical ensembles on offer at Repton, the Food of Love concert, a new initiative that brought an increasing array of pupils to the stage, many performing in public for the first time and the joint Drama and Music production of the Addams Family; this was the first time that the Music Department had been involved in all of the musical aspects of the production with the full company singing in complex harmonies, the principals learning the art of acting through song and the pupils in the band excelling with the support of a few VMTs.
The Chapel Choir continues to play a key role in the life of the School, working hard to learn new repertoire for weekly services. The Remembrance Service, Confirmation Service, new pupils’ and leavers’ services, combined Prep and Senior service and the carol services demonstrated the immense talent of the choir. The choir’s Evensong at St Paul’s Cathedral was a choral tour de force and hugely appreciated by the large congregation and their performances and services in stunning venues on tour in Venice and the Veneto region were enthusiastically received by large audiences and congregations.
Collaboration has been a developing focus and our pupils have valued working with an array of professional musicians in workshops, masterclasses and concerts. These included a day working with the Gesualdo Six at Lichfield Cathedral, aspirational choral scholars singing choral evensong at Merton College, Oxford and a community Beatles Concert in St Wystan’s. Collaboration will be a significant thread moving forward. Significant numbers of pupils achieved ABRSM Grade 8 distinctions during the year and two pupils achieved distinctions at diploma level. Three pupils gained places in the National Youth Choir of Great Britain.
It was a privilege to give a presentation to Governors in the summer term, to share an exciting strategic vision for Music at Repton as well as addressing the challenges.
## **Drama**
In Drama, the early focal points were the Michaelmas Term productions of ‘SIX The Musical’ and ‘Blood Wedding’, both of which showcased the remarkable range and dedication of our performers. The energy and precision of ‘SIX’ contrasted beautifully with the intensity and lyricism of ‘Blood Wedding’, making for a rich and memorable term of theatre. The Lent Term brought the delightfully dark ‘Addams Family Musical’, which filled the 400 Hall for three nights of laughter, music, and gothic charm. An inaugural matinee for 230 Repton Primary School pupils was a resounding success and added a wonderful community dimension to the run. In May, the LAMDA showcase ‘Gaiety in the Garth’ celebrated a host of individual performances, highlighting both talent and versatility across the year groups, with the season concluding in the Summer Term with our youngest actors tackling ‘Elektra’, a challenging and powerful piece that they met with impressive maturity and conviction. There was further distinction and outstanding results in our LAMDA awards, rounding off an exceptional year for Drama at Repton.
## **Art**
In our galleries we also enjoyed exhibitions, vibrant opening events and talks from Artists such as previous Director of Art Jeremy Bournon, curating an exhibition of artists and creatives who have all been lucky enough to experience his teaching, The beautiful en-plein-air sketches and oils of Maria Floyd, an exhibition of vintage Repton scenes from OR Robert Blomfield, and a charming exhibition of the watercolours of life long enthusiast and current pupil’s grandfather, John Lendrum.
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**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
## **Other Co-Curricular activities**
In Debating, six students, competed in the annual schools debating competition at the University of Durham. LAMDA awards have become increasingly popular as part of developing life skills and eight pupils achieved a distinction in their grade 8 exams.
Following on from previous success, the international debating festival saw three of our teams test their mettle in live debates against other schools from the Repton family. This was expanded to include Vinehall, Repton Prep and Repton Malaysia.
Our CCF and DofE provision has continued to grow in popularity with over 100 pupils completing the bronze and silver awards and 3 completing the gold award.
Our careers convention provided an invaluable guide to the challenging landscapes of university and career choice and the world beyond Repton with many parents, alumni and friends of the school freely giving their time and their expertise to inform and inspire our sixth formers in a full programme of talks and advice. Alongside them, stands from over 20 universities opened new possibilities for our questioning candidates. Our Duke of Edinburgh and cadet programmes add hugely to the education development of our pupils.
Our wider programme of trips and tours is part of the Repton Experience. Design and Technology visited Triumph motorcycles for our budding engineers, theatre trips for our drama enthusiasts, the Iceland Geography trip was a tremendous success with glorious scenery and incredible geographical phenomena. There was also a visit to the first world war battlefields in June.
A number of visiting speakers have come to speak this year covering a range of pastoral topics including antibullying, respect, body Image and self-esteem, vaping and social media.
In addition we were delighted to welcome parents to a talk focused on Online Safety and on helping young people to navigate choices and decisions as part of growing up in the 21st Century.
## **Repton Prep School**
The School Development Plan and Strategic Plan have continued to be at the core of our curriculum delivery and planning, to ensure commitment to a progressive vision for the Repton Prep community now and in the coming years. The Strategic Plan is structured to mirror and complement our five pillars of Academic Study, Pastoral Care, Sport, Extra-Curricular involvement and Spirit of Place. Our Progress at the Prep document is distributed twice a year – once in September to outline our commitment to change for the year ahead, and once in May to report on our delivery of these objectives. This is circulated to the whole school community, Governors, prospective parents, and agents. The school was shortlisted for Boarding School of the Year in the TES Awards 2025, as well as being a Finalist for Regional Independent School of the Year: Central Category. We also renewed our Eco Schools status with Distinction and maintained our Level 5 of the RHS Award through our Eco Committee initiatives.
Progress has continued to be made across the curriculum this academic year. The Media Suite has been used extensively to enhance school projects and as part of our extra-curricular programme through the introduction of Repton Prep News and other initiatives. VR headsets have been embedded across school lessons, with iPads facilitating editing, researching and coding activities. We have implemented a Design Hub to support DT, Art and Textiles projects and invested in iPad Airs to support these areas. Pupils have enjoyed the installation of a giant chess set on Front Green and the school site was used for themed days such as our Gruffalo Hunt, Woodland Adventure morning and Repton Prep Spring Watch. We have had a greater focus on career opportunities as part of the curriculum with a talk for Years 3-8 in assembly, as well as a Year 8 Careers Panel discussion as part of
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**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
their Leavers’ Programme. We have also introduced Unifrog in Years 7 and 8 to support the PSHE curriculum. Wellbeing spaces have been established across all year groups in school to offer additional supportive spaces for pupils. The new changing facilities for girls and refurbishment of the external facade of the Swimming Pool was completed in the Michaelmas term and has enhanced this space on the school site. Many curriculum trips took place and we introduced a Classics Trip, Barcelona Sports Tour, and a French Trip as well as a new Geography Field Trip for Year 7, in addition to a number of curriculum trips and experiences by year group. There was significant investment throughout the academic year in the Theatre with a renovation to replace the seating, side curtains and flooring, as well as painting throughout and new stage curtains. This now provides a combined working studio and versatile performance space, capable of accommodating practical, creative workshop activity, alongside high end, multi-discipline productions and concerts.
The RPS Inspire Lecture series has continued with talks for pupils on Dark Matter and the History of Foremarke Hall, and our termly Dinner and Debate event has remained popular with new formats of debating promoting even more pupil participation. Academic Enrichment continues throughout the school, and pupils have been busy extending their knowledge with various projects beyond the curriculum, supported by our Repton Prep Enrich booklets. Pupils in Year 8 took their Repton Project Qualification award in the Michaelmas term and this culminated in their hugely successful symposium event. Our Year 7 pupils worked towards the official ISEB Independent Project Qualification (iPQ) award with 48% of pupils achieving a Distinction. A Year 8 pupil also won first place in The Lloyd Berger Information Technology Essay Competition, as well as pupils enjoying success in the Derby Flash Fiction and The Literacy Trust competitions.
We have continued a drive for greater parent involvement including regular coffee mornings and breakfasts, termly Form Reps meetings, as well as returning the Nearly New Uniform shop to the Prep, run by parents. A regular talks programme for parents is also in place which addressed issues such as Mental Health & Resilience from Bridge the Gap, Development of Speech and Language, a Tooled-Up Education Talk on Digital Risks and Harm, and a Pre-Prep Parent Talk with Dr Kathy Weston. In addition to this we have had staff-led curriculum talks on the Sports Curriculum, Outdoor Learning, Digital Health and Creativity, Humanities Curriculum and Challenge for All.
Repton Prep has a philosophy that is committed to an all-round education, and the provision of a wide range of extra-curricular opportunity enables our pupils to explore, grow and develop as well-rounded individuals. Extracurricular booklets are sent to Pre-Prep and Prep parents termly and, on average, we offer 75 different activities across 99 after school sessions a week.
We entered national Maths competitions: the First Maths Challenge (Years 3 and 4), the Primary Maths Challenge (up to Year 6), the UKMT Junior Maths Challenge (up to Year 8), and the Intermediate Maths Challenge (up to Year 11). Once again, our pupils performed very well across these competitions with a large number of pupils receiving bronze, silver or gold awards and some pupils qualifying for additional rounds of each competition: 4 pupils achieved Gold Awards and 4 pupils qualified for the bonus Kangaroo round in the Junior Maths Challenge; 1 pupil received a Gold Award in the Primary Maths Challenge; 11 pupils received Bronze and 1 pupil achieved Silver in the Intermediate Maths Challenge. A group of pupils entered the Townsend Warner History Prize and for the first time, we entered the UK Linguistics Olympiad with 3 pupils earning a Silver Certificate (top 15% in the country) and 4 pupils earning a Bronze certificate (top 35% in the country).
The year was filled with House sporting events across each term such as Tug of War, Hockey, Football, Swimming, Netball, and Tennis, where pupils demonstrated their sporting capabilities, team spirit and perseverance. These events culminated in the highly anticipated Sports Days for all pupils from Nursery to Year 8. In addition, our annual Young Musician of the Year and House Music events enabled pupils in Years 3-8 to work collaboratively to develop their creative and performance skills.
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**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
Pupils also represented their houses in a number of academic events such as the House Maths challenge, House Chess, Spelling Bee, Science Spectacular, House Geography and the General Knowledge Quiz. Alongside this, a number of creative events took place allowing pupils to design Christmas cards and take part in our House photography competition, our Play in a Day initiative and a House Bake Off event.
We also introduced termly House Food Waste Days as part of our drive for a more sustainable school, as well as a House Hogwarts challenge linked to World Book Day.
Over the course of the 2024-25 academic year there was continued success at regional and national level in Athletics, Football, Hockey, Fencing, Tennis, Netball, Cricket, Triathlon, Equestrian, Cross Country and Swimming. Several pupils represented a variety of external Academies and Squads. In Football, these included Leicester City FC, Aston Villa FC and Leicester City LFC Academies, as well as representation in the ISFA National and Regional Squads and Derby County Ladies. In Cricket, 10 pupils were County Representatives for Derbyshire, Nottinghamshire, Staffordshire and Lancashire. 21 pupils played County Hockey for Derbyshire, Leicestershire and Staffordshire. 1 pupil represented Derbyshire in Cross Country and 1 pupil reached the English National Championships for Swimming in the disciplines of Backstroke and Butterfly. In Equestrian, 2 pupils qualified for the Burghley Horse Trials. In addition, pupils took part in over 200 fixtures each term.
In addition to our creative subjects and extra-curricular activities programme, pupils participated in a number of concerts throughout the year both at Repton Prep, and at the Senior School through a Chapel Service, Potential Scholars’ Concert and Steinway piano concert. We have continued to hold regular Informal Concerts to enable all pupils to share their skills with an audience. The Music School hosted five Young Musician of the Year recital evenings, a Festival of Singing, and houses enjoyed preparing for the House Showcase. An additional lunchtime concert was given at St Wystan’s Church, along with regular services at St Saviour’s Church; it is lovely for our boarders and musicians to share their talents with the wider community. The Carol Services, Remembrance Service and Harvest Services were highlights of the calendar year, alongside an additional special Holy Communion service led by the Bishop of Derby. ABRSM music examinations took place throughout the year with good success.
Pupils from Pre-Prep all the way to Year 8 took to the stage to perform to large audiences throughout the year. Many year groups performed in our Theatre for Christmas events, as well as the Year 3 and 4 Summer Performance. Years 5 and 6 presented a short series of scenes inspired by the board game ‘Cluedo’ in the summer term as part of the Activities programme, with a group of Year 8 Drama Assistants supporting backstage with sound, lighting and props, making it a great collaboration. The senior production was ‘Mary Poppins’ which was a magical and polished rendition of the classic musical and they performed to sold-out audiences over three nights. Our Year 8 Drama Scholars also performed their scholarship monologues in a showcase evening and it was inspirational to see their talent on display. Boarders took part in the Christmas Miscellany and put on their own summer showcase performance to parents. LAMDA exams took place throughout the year with excellent results across the board.
## **Repton Family of Schools**
The Repton Family of Schools (RFS) manages schools in the UAE, Malaysia, Egypt, China and the UK.
Repton first embarked on its international adventure in 2007, with the opening of Repton Dubai – a K-12 school in Nad Al Sheba, Dubai. Today, Repton Dubai is consistently rated ‘Outstanding’ by the Dubai schools regulator and is known as one of the most prestigious and successful schools in the UAE, boasting a strong academic pedigree and university destinations.
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**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
2013 saw a significant expansion in the UAE, with the opening of Repton Al Barsha. An Early Years and Key Stage One school opened in in Abu Dhabi two years later, now known as Abu Dhabi ‘Rose’ Campus. In 2017, the Abu Dhabi senior school, ‘Fry’ Campus was opened. Between them, the four UAE schools currently educate over 8000 pupils. In March 2024, the UAE schools were bought from our previous partner by Cognita, a global education group consisting of over 100 schools. In September of 2020, the first Repton school in China was opened, in the beautiful coastal city of Xiamen. In September 2021, Repton Cairo opened in the Mivida community of New Cairo, and more schools are planned in the coming years.
In the 2024-25 academic year, the schools continued to grow. Admissions numbers in Cairo steadily increased but continued to be affected by tensions in the area and the subsequent impacts on the Egyptian economy. Pupil numbers in the UAE schools, however, continued to grow rapidly, with most at or near capacity and considering further expansion in the area. A significant and ambitious project was undertaken at Repton Dubai during Summer 2025, with a multimillion dollar investment in sport and arts facilities ensuring continued high class provision closely mirroring Repton UK.
Income to RFS from these projects has remained steady throughout the 24-25 year.
In September 2020 we welcomed our first school in the UK to the family, St Wystan’s in Repton, followed by Vinehall in East Sussex in May of 2022. In 2025, Vinehall merged with nearby school Marlborough House, to create Marlborough House Vinehall, a thriving Prep School that will benefit from the consolidation of charitable assets to ensure strength of the school into the future. In 2025, we were also delighted to welcome St Hugh’s Prep School in Woodhall Spa, Lincolnshire into the Repton Family of Schools, further expanding the Group’s geographic reach and support to ensure St Hugh’s continues to thrive as a standalone Prep.
We work closely with our partners to combine the local knowledge and financial strength of each of them with the governance and academic expertise provided by the Repton Family of Schools.
## **Repton Enterprises**
Enterprises is the commercial arm of the Group, its principal purpose being to generate income from RST's assets when they are not in use by the two Schools. They let assets to a wide variety of groups from sporting to the Arts, providing catering and additional services as required.
Repton School Sports Centre which includes the Repton Swimming Club and Repton Tennis and Rackets Club, forms a substantial part of the operation.
## **PUBLIC BENEFIT**
Having considered the operation, achievements and performance and finances of the School, the Governors are satisfied that public benefit has been provided in accordance with the Charities Act 2011 and the guidance published by the Charity Commission. The Governors are satisfied that the School’s aims are charitable, and that its operation was and is consistent with those aims. The primary benefit was the provision of education to the pupils at the School. The School is registered with the Department for Education and is subject to inspections by the Independent Schools Inspectorate. As the pupils were aged 3-18, the Governors are satisfied that the principal beneficiaries were appropriate to the Charity’s aims.
Consistent with its charitable objects, the school has benefitted children and young people who are not pupils at Repton. The School has partnerships with three local maintained-sector schools: John Port Spencer Academy at Etwall (secondary), David Nieper Academy at Alfreton (secondary), and Repton Primary School (primary). Relationships are overseen by a member of the Senior Management Team – the Deputy Head (Pastoral).
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**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
In collaboration with the Royal National Children’s Springboard Foundation, we have more pupils on transformational bursaries than ever before, and the recipients have contributed an enormous amount to all aspects of school life. With future fundraising initiatives, we aim to increase the number of transformational bursaries over the years ahead.
The school-wide charity for 2024/25 was Hannah’s Hope, a local charity based at Willington Marina. Pupils at Repton Senior organised and led a series of major fundraising challenges independently: a 24-hour Sportathon, a 1,000km running challenge completed in a single week, and the Three Peaks Challenge. Hannah’s mother, Gail, was invited to speak in Chapel during the Lent term, and Hannah herself attended a Valentine’s cake sale event.
The year’s fundraising culminated in a Swimathon hosted by Repton Swimming in collaboration with Olympic gold medallist Adam Peaty, which raised over £15,500. Repton Prep pupils contributed a further £4,000 through a separate charity swim event, bringing the combined total for Hannah’s Hope to more than £19,500.
Bridge the Gap - a local charity focused on mental health and wellbeing - was chosen as Repton Prep’s House Charity of the year, nominated and voted for by the House Captains themselves. The founder delivered an assembly to launch the initiative, and fundraising ran throughout the year through a wide range of events. By the end of Summer 2025, the Prep had raised over £7,000 for the charity across the academic year, including:
- Over £3,000 from the Christmas Fayre, Carol Service collection, Year 1 Breakfast and Wear a Rainbow Day
- House Captains volunteered to run the café at Bridge the Gap headquarters one Saturday morning
- £400 raised at a Quiz Night
- Foreign coin collection converted into donations throughout the year
- Own clothes days, cake sales and other House events
- Profits from the nearly new uniform shop donated to the charity
- Pupil-designed Christmas cards, with a proportion of sale profits donated
Repton Senior collaborated with the Embark Federation and YMCA Derbyshire to stage a Musical Theatre Spectacular in the Michaelmas term, raising £8,000 for the Lewis Sewell Memorial Trust. A second concert in partnership with a West End producer was held in the Summer term - the second consecutive year Repton has hosted this event - with all proceeds going to support young people in Lewis’s memory.
Additional Fundraising:
- Over £1,000 raised at the Pre-Prep Macmillan Coffee Morning in September, with surplus food donated to Derby City Mission
- Annual Macmillan Coffee Morning held at Repton Senior, well supported across the school community
- £180 donated to The Theo Trust by the parent exercise class group
- 1:1 football sessions with the Head of Football auctioned at the Aortic Dissection Charity Ball, raising funds for the charity
- A Year 7 pupil used his 3D printer to create items sold for his local Cricket Club and Burton Hope Food Bank, raising £194.50
- The Headmistress gave her time as a judge for Barnardo’s National Choir Competition
- Collections at monthly church services for St Saviour’s, ForemarkHarvest Festival produce collected for The Padley Community Centre
- South Derbyshire CVS Foodbank supported through collections at the Christmas Fayre
- Raffles run for Hannah’s Hope at the Addams Family school production
- Valentine’s pop-up café organised by the Senior Charity team for Hannah’s Hope
9
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
**TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025**
## **REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
- Gala dinners held in Houses at Repton Senior, with proceeds to House charities
- Two pupils grew their hair and donated it to The Little Princess Trust, to help make wigs for children with cancer
Consistent with its charitable objects, the school has benefitted children and young people who are not pupils at Repton. Repton and Repton Prep run structured, recurring community programmes rather than one-off events. The Lower Sixth Community Action Programme at Repton Senior is the most substantial of these, with pupils committing a Wednesday afternoon every week throughout the year.
Repton Senior – Community Action Programme.
- Around 40 Lower Sixth pupils take part in the Community Action Programme each week. Activities this year have included:
- Weekly volunteering at The Royal Derby Hospital, supporting work experience particularly for those considering medical careers
- Termly Repton Community Lunch Club, welcoming around 20 elderly local residents to school for lunch and conversation
- Gardening at the Etwall Alms Houses and in St Wystan’s churchyard in Repton
- Volunteering at the locally run Maple Tree cafe.
- A sustainability group working on recycling projects in the boarding houses and running a Vinted clothingre sale shop
Repton Prep – Community Initiatives:
- Pre-cooked meals donated to Doorways Derby, a shelter for vulnerable people
- Stationery donated to Newton Solney School
- Book donations as part of the Children’s Book Project, enabling Winshill Pre-School to establish their own lending library
- Easter cards sent by Pre-Prep pupils to vulnerable members of the community
- Repton Brownies hosted for activities in the Outdoor Classroom
- Outdoor learning session for the Repton Village Scouts Group
- Pre-Prep Grandparents’ afternoon -– “Storytime with scones and s’mores”
Repton’s partnerships with local schools have deepened across the year, moving well beyond occasional visits into regular, structured collaboration. Several of these relationships now involve weekly contact.
Repton Primary School: Year 12 pupils attended Repton Primary weekly as reading volunteers throughout the year as part of the Community Action Programme
- A group of Year 13 Art pupils led a workshop for primary school pupils at Repton Primary in the Michaelmas term
- Repton Primary School was invited to join the Lower Sixth Sports Enrichment programme in the Lent term,
10
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
with a Year 3 class coming on site for sports sessions delivered by sixth form pupils
- Repton Primary School attended a matinee performance of the Addams Family school production
- Lower Sixth pupils led sports coaching sessions at Repton Primary, including Dodgeball and Diamond Cricket - activities outside their normal curriculum
- Year 2 pupils at Repton Prep held a joint Woodland Adventure morning with Repton Primary
- A school nurse from Repton Prep delivered Period Workshops to Repton Primary’s Year 6 as part of their PSHE curriculum
- Sports Festival hosted at Repton Prep with Repton Primary
David Nieper Academy:
- Around 50 David Nieper Academy students visited in November for a full activity day, accessing facilities including swimming and outdoor hockey
- Regular visits continued in the Lent term, with students using Repton’s sporting facilities for Fives, Tennis, Netball, Swimming and Hockey - all activities unavailable available at their own school
- Staff from both schools have developed a working relationship through these visit.
## The Embark Federation of Schools:
Two major events hosted in partnership with the Embark Federation during the year, raising funds for the Lewis Sewell Memorial Trust — see Charitable Fundraising section for full detail
Wren Park School:
- Year 6 pupils from Wren Park visited Repton Prep for an afternoon of Art, Debating and Hockey in the Michaelmas term, with further collaboration planned
- Reception classes at Repton Prep hosted a Teddy Bear’s Picnic with Wren Park pupils
- Wren Park included in the Woodland Walk and Outdoor Classroom session run by the Deputy Head
- Outdoor learning session offered to Wren Park as part of the Wellbeing Wednesday programme
Chess Festival – Local Schools. Repton Prep organised and hosted a Chess Festival for local schools. Schools participating included Repton Primary, Wren Park, Sale & Davy's, St Wystan’s, Willington Primary and Findern Primary.
Football Festival – Local Schools. An Under-11 Football Festival was organised in March, with Repton Prep hosting teams from Wren Park Primary, Anglesey, Henhurst Ridge, St George’s and Outwoods.
## St Wystan’s Church of England School:
- Community Action pupils maintained the St Wystan’s churchyard as part of the weekly program
- The Music Department held a concert at St Wystan’s Church, raising funds for the church
- St Wystan’s included in the Chess Festival
Other School and Community Engagement:
-
- Year 1 penpal initiative linking Repton Prep pupils with the Repton Family of Schools in Abu Dhabi
11
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **SECR Energy Use and Carbon Emissions Disclosure**
The School has completed the Streamlined Energy and Carbon Reporting Process (“SECR”) and key extracts of the SECR are provided below. Greenhouse gas emissions (“GHG”) and energy use data were as follows: Breakdown of emissions associated with the reported energy use (tCO ₂ e):
## **Energy Consumption**
During the period 1 September 2024 to 31 August 2025, the charity’s UK energy consumption was:
|Energy Type|2025 (kWh)|2024 (kWh)|
|---|---|---|
|Electricity|2,589,237|2,905,350|
|Fuel combustion (gas/oil)|10,398,491|8,963,930*|
|Transport fuel|181,156|91,050|
|Business travel|19,182|19,436|
|Total|13,188,066|11,979,766|
***** Data for 2024 doesn’t include Burning Oil data (1,397,822 kWh is included in 2025).
|**Greenhouse Gas Emissions**|||
|---|---|---|
|Emissions source|2025 (tCO2e)|2024 (tCO2e)|
|Scope 1 – Direct emissions|2,053.3|2,229.9|
|Scope 2 – Indirect emissions|484.3|543.4|
|Scope 3 (business travel)|4.7|4.7|
|Total emissions|2,542.3|2,778|
|Intensity Ratio|2025|2024|
|Tonnes of CO2e per employee|3.7608|4.1462|
## **Methodology**
We have followed the 2019 HM Government Environmental Reporting Guidelines. We have also used the GHG Reporting Protocol – Corporate* Standard and have used the 2025 UK Government’s Conversion Factors for Company Reporting.
## **Energy Efficiency Actions**
During the reporting period, the group continued to take practical steps to improve energy efficiency and strengthen control of energy use across the site. Building Management Systems have been installed in a number of buildings, helping to minimise wasted heating and electricity and allowing energy consumption to be managed more accurately.
The group has also explored further solar PV opportunities, including proposed arrays on the Repton School Sports Hall roof, and is progressing the relevant application for installation. In addition, the Group has investigated further energy-saving measures, including improved monitoring and targeting across the site and optimisation opportunities within key high-usage buildings, including the Repton School Sports Hall and Science Priory.
12
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **Accessibility**
The School applies appropriate academic entrance requirement to ensure that its pupils can benefit from the education provided but the Governors are satisfied that the opportunity to benefit from the school activities is not unreasonably restricted. Specifically, the Governors are satisfied that the access to the school meets the Charity Commission requirement to enable access to members of the public who might not be able to afford the full fees.
Some pupils benefit from contributions towards the fee from the Repton Foundation, other charities and organisations and public bodies such as local authorities and the Ministry of Defence.
## **FINANCIAL REVIEW**
## **Going Concern**
After making appropriate enquiries, the Governors have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **Financial review**
Income exceeded expenditure by £ 1,670,983 (2023/24: £ 650,966). £4,522,454 (2023/24: £2,487,732) capital was invested in additions and improvements to the facilities used by Repton School and Repton Preparatory School. The Governors estimate that the attendance of 1,026 pupils at the School saved the public approximately £8.4 million based on an average cost per maintained school place of £8,210 per annum. The Governors are pleased to note the high proportion of pupils (compared to the maintained sector) taking A levels in Mathematics, Sciences, and Modern Foreign Languages, as they consider this to be a particular benefit to the public.
## **Reserves policy**
Unrestricted funds, which have not been designated for other purposes, are available for use at the discretion of the Governors in furtherance of the general objectives of the Trust. The Trustees aim to maintain unrestricted funds in excess of £5,000,000. This target will be kept under review and revised by the Trustees in accordance with the reserves policies established for individual entities within the Group
The restricted funds and endowment funds are invested in a mix of Equities, Government Gilts and Charitable Common Investment Funds, which provide a mix of assured regular income and the ability to accumulate funds in the long term by capital growth.
13
## **DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **Investment Policy**
The policy of the Governors of the Corporate Trustee is to invest to provide a mix of assured regular income and to accumulate funds in the long term. The investment performance was satisfactory in relation to the policy during the year.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Legal status**
Repton School Trust is a registered Charity established in 1557, on the death of Sir John Port. It is administered under the Charities Act 2011 and in a scheme dated 25 June 2002 and amended on 29 November 2002, 17 March 2017 and 23 June 2017.
## **Recruitment and appointment of Governors**
The Governors of the Corporate Trustee are responsible for the recruitment and appointment of Governors. Up to nineteen Governors are co-opted. One further Governor is nominated by the head teachers and full-time teachers of Repton School and Repton Preparatory School. Care is taken with the appointment of Governors to ensure they bring other relevant professional skills to the school including education, finance, property and legal expertise. Each Governor serves for renewable terms of five years.
## **Induction and training of Governors**
On appointment Governors of the Corporate Trustee are briefed by the Chairman of Governors and receive written information explaining the corporate organisation and copies of the constitutional documents. They are given the opportunity to tour the facilities owned by the Trust and to spend time at the Schools. Details of training run by the Governing Bodies Association are circulated to Governors. To encourage their attendance, funding is provided for those who wish to attend.
Details of training run by the Governing Bodies Association are circulated to Governors. To encourage their attendance, funding is provided for those who wish to attend
14
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT (cont)**
## **Organisational structure**
The Governors of the Corporate Trustee are responsible for the overall management and control of the Trust. The full Governing Body usually meets three times a year. The Trust provides the land and buildings from which Repton School and Repton Preparatory School operate. The day-to-day management of the Trust’s property is delegated to the Headmasters and Chief Operating Officer of Repton School and Repton Preparatory School, supported by their teams.
## **Key management personnel**
The remuneration of key management personnel is set by the Remuneration committee and is kept under annual review.
- A number of criteria are used in setting pay:
- Nature of the role and responsibilities
- Competitor salaries in the region
- The sector average salary for comparable positions
- Trends in pay
## **Principal risks and uncertainties (The Repton Group)**
The Trustees have undertaken a review of the principal risks facing the Repton Group, reflecting the expectation that risks are clearly identified, assessed and actively managed. The most significant risks identified include, but are not limited to:
- **Financial sustainability** , including reliance on fee income and exposure to changes in economic conditions, affordability of fees, demographic trends, and potential political or regulatory intervention (including taxation and charitable status considerations);
- **Market and strategic risk** , including changes in demand for independent education, competition within the sector, and the effectiveness of strategic planning;
- **Governance and capability** , including ensuring the Trustee body has an appropriate balance of skills, experience and oversight to discharge its responsibilities effectively;
- **Educational delivery** , including maintaining strong academic outcomes and the adequacy of teaching and boarding facilities;
- **Access and affordability** , including the sustainability and targeting of bursary provision;
- **Safeguarding and welfare** , including pupil safeguarding and pastoral care, staff conduct, and wider wellbeing risks;
- **Health, safety and site risk** , including major incidents such as fire, off-site activities, and site security;
- **Technology and data** , including cyber-security threats, data protection, and reliance on critical systems and infrastructure.
The Trustees are responsible for the management of the risks faced by the Repton Group and regularly review the effectiveness of mitigation plans and controls. Oversight of risk is embedded within the governance framework and is considered throughout the year, with a formal review of the School’s risk management processes undertaken annually.
Detailed consideration of risk is delegated to the appropriate Committees, with support from the Executive, ensuring that risks are identified, assessed and managed in a timely and proportionate manner.
Key controls in place include:
-
- formal agendas and reporting for Trustee and Committee meetings;
15
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
- clearly defined terms of reference for all Committees;
- robust strategic planning, budgeting, management accounts and cash-flow forecasting;
- clear organisational structures and reporting lines, which are regularly reviewed;
- appropriate resourcing and oversight of legal and regulatory compliance, which are periodically reviewed;
- comprehensive written policies, including safeguarding, health and safety, crisis management and data protection;
- defined approval and authorisation levels; and
- safer recruitment and vetting procedures in line with statutory requirements.
Through these processes, the Trustees are satisfied that the principal risks to which the Repton Group is exposed are identified and reviewed, and that systems and procedures are in place to manage those risks. The Trustees recognise that such systems provide reasonable, but not absolute, assurance that risks are adequately mitigated.
## **FUTURE PLANS**
- Continue to encourage academic achievement, and the broader development of pupils by providing high-quality teaching and learning.
- Continue to ensure that colleagues are motivated and capable of delivering our objectives by improving depth of leadership, experience and retention, alongside the training and resources to ensure success.
- Continue to create a welcoming, supportive and safe environment for all our boarders, and to offer a range of extracurricular activities, including sporting, artistic opportunities, and social events to promote personal growth and wellbeing.
- Continue to foster an inclusive and diverse community, with pupils from a range of backgrounds and cultures, and to provide opportunities for students to learn about and respect other cultures.
- Continue to provide modern, well-equipped and comfortable facilities for pupils, including classrooms, accommodation, sports facilities and technology resources, to ensure a high-quality learning and living environment in a sustainable way.
- Continue to build partnerships and collaborations with other institutions, businesses and organisations, to enhance the educational and cultural experiences of pupils, and to promote the school's reputation and profile.
- Maintain strong relationships with Repton alumni and supporters, and to involve them in the life of the school through events, volunteering and fundraising, to help secure the school's long-term sustainability and success.
16
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **Disclosure of information to auditors**
Each of the persons who are Governors at the time when this Governors' report is approved has confirmed that:
- so far as that Governor is aware, there is no relevant audit information of which the charitable company's auditors are unaware, and
- that Governor has taken all the steps that ought to have been taken as a Governor in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025**
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report including the Strategic Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report, including the strategic report was approved by order of the members of the board of Trustees and signed on their behalf by:
## Chris Hibbs
## Mark Shires
**C D Hibbs BSc (Hons) FCA**
## **E M Shires BA (Hons) FCA**
Date: 28th June 2026
17
**SIR JOHN PORT'S CHARITY**
**(A Company Limited by Guarantee)**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SIR JOHN PORT'S CHARITY**
## **Opinion**
We have audited the financial statements of Sir John Port's Charity (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
## In our opinion the financial statements:
- give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 August 2025 and of the Group's net movement in funds, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
18
**SIR JOHN PORT'S CHARITY**
**(A Company Limited by Guarantee)**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SIR JOHN PORT'S CHARITY (CONTINUED)**
## **Other information**
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees' Report including the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
- the Trustees' Report and the Strategic Report have been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report including the Strategic Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
- the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of Trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
19
**SIR JOHN PORT'S CHARITY**
**(A Company Limited by Guarantee)**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SIR JOHN PORT'S CHARITY (CONTINUED)**
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the group and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to The Education (Independent School Standards) Regulations 2014, safeguarding regulations, health and safety requirements, GDPR, employment law and charity law, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Act 2011, the Statement of Recommended Practice for Charities (SORP FRS102) and consider other factors such as income tax and payroll tax.
We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to improper recognition of revenue and management bias in certain accounting estimates and judgements. Audit procedures performed by the engagement team included:
- Inspecting correspondence with regulators and tax authorities, including the outcomes of inspections;
- Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
- Evaluating management’s controls designed to prevent and detect irregularities;
- Identifying and testing journals, using data analytics to focus on higher risk entries; and Challenging assumptions and judgements made by management in their accounting estimates.
**(A Company Limited by Guarantee)**
## **SIR JOHN PORT'S CHARITY**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SIR JOHN PORT'S CHARITY (CONTINUED)**
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
## **Lee Stokes (Senior Statutory Auditor)**
for and on behalf of
## **HaysMac LLP**
Statutory Auditors 10 Queen Street Place London EC4R 1AG
Date: 29 June 2026
21
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025**
|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2025|2025|2025|2024|
||Note|£|£|£|£|
|**Income from:**||||||
|Donations and legacies|2|28,549|1,269,991|1,298,540|761,161|
|Charitable activities|3|-|32,292,388|32,292,388|31,259,019|
|Investments|4|627|2,311,385|2,312,012|2,308,656|
|Other income||-|12,309|12,309|1,850|
|||--------------------|------------------|--------------------|------------------|
|**Total income**||29,176|35,886,073|35,915,249|34,330,686|
|||--------------------|------------------|--------------------|------------------|
|**Expenditure on:**||||||
|Raising funds||-|53,971|53,971|35,755|
|Charitable activities|5|2,060,380|32,129,915|34,190,295|33,643,965|
|||--------------------|------------------|--------------------|------------------|
|**Total expenditure**||2,060,380|32,183,886|34,244,266|33,679,720|
|||--------------------|------------------|--------------------|------------------|
|**Net (expenditure)/income before net**||||||
|**gains on investments**||(2,031,204)|3,702,187|1,670,983|650,966|
|Net gains on investments||431,401|92,882|524,283|1,807,878|
|||--------------------|------------------|--------------------|------------------|
|**Net (expenditure)/income before**||||||
|**taxation**||(1,599,803)|3,795,069|2,195,266|2,458,844|
|Taxation||-|-|-|(11,868)|
|||--------------------|------------------|--------------------|------------------|
|**Net movement in funds**||(1,599,803)|3,795,069|2,195,266|2,446,976|
|||==========|==========|==========|==========|
|**Reconciliation of funds:**||||||
|Total funds brought forward||87,148,624|7,916,260|95,064,884|92,617,908|
|**Total funds carried forward**||85,548,821|11,711,329|97,260,150|95,064,884|
|||==========|==========|==========|==========|
22
**(A Company Limited by Guarantee) REGISTERED NUMBER: 04399494**
## **SIR JOHN PORT'S CHARITY**
## **CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025**
||||2025||2024|
|---|---|---|---|---|---|
||Note||£||£|
|**Fixed assets**||||||
|Tangible assets|8||72,404,818||73,714,536|
|Investments|9||21,862,134||21,130,327|
||||------------------||--------------------|
||||94,266,952||94,844,863|
|**Current assets**||||||
|Stocks||130,522||116,739||
|Debtors|10|7,787,669||3,880,236||
|Cash at bank and in hand||14,361,070||16,577,040||
|||------------------||--------------------||
|||22,279,261||20,574,015||
|Creditors: amounts falling due within one||||||
|year|11|(14,448,679)||(15,180,405)||
|||------------------||--------------------||
|**Net current assets**|||7,830,582||5,393,610|
||||------------------||--------------------|
|**Total assets less current liabilities**|||102,097,534||100,238,473|
|Creditors: amounts falling due after more||||||
|than one year|12||(4,837,384)||(5,173,588)|
||||------------------||--------------------|
|**Total net assets**|||97,260,150||95,064,885|
||||==========||==========|
|**Charity funds**||||||
|Restricted funds:||||||
|Other restricted funds|13|1,257,521||1,241,670||
|Capital funds|13|84,291,300||85,906,955||
|||------------------||--------------------||
|Total restricted funds|13||85,548,821||87,148,625|
|Unrestricted funds|13||11,711,329||7,916,260|
||||------------------||--------------------|
|**Total funds**|||97,260,150||95,064,885|
||||==========||==========|
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on _________________________________________________ and signed on their behalf by: 28th June 2026
## Chris Hibbs
## Mark Shires
**C D Hibbs BSc (Hons) FCA** Date:
**E M Shires BA (Hons) FCA**
The notes on pages 26 to 47 form part of these financial statements.
23
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee) REGISTERED NUMBER: 04399494**
## **CHARITY BALANCE SHEET AS AT 31 AUGUST 2025**
||||2025||2024|
|---|---|---|---|---|---|
||Note||£||£|
|**Fixed assets**||||||
|Tangible assets|||-||-|
||||------------------||------------------|
||||-||-|
|**Current assets**||||||
|Debtors|10|-||-||
|Cash at bank and in hand||-||-||
|||------------------||------------------||
|||-||-||
|Creditors: amounts falling due within one||||||
|year|11|-||-||
|||------------------||------------------||
|**Net current assets**|||-||-|
||||------------------||------------------|
|**Total assets less current liabilities**|||-||-|
|Creditors: amounts falling due after more||||||
|than one year|12||-||-|
||||-----------------||-----------------|
|**Total net assets**|||-||-|
||||========||========|
||||------------------||------------------|
|**Total funds**|||-||-|
||||========||========|
The Charity's net movement in funds for the year was £NIL (2024 - £NIL).
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 28th June 2026_________________________________________________ and signed on their behalf by:
## Mark Shires
## Chris Hibbs
## **E M Shires BA (Hons) FCA C D Hibbs BSc (Hons) FCA**
The notes on pages 26 to 47 form part of these financial statements.
24
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025**
|||2025|2024|
|---|---|---|---|
|||£|£|
|**Cash flows from operating activities**||||
|Net cash used in operating activities|16|1,815,527|6,655,154|
|||------------------|------------------|
|**Cash flows from investing activities**||||
|Dividends, interests and rents from investments||698,481|2,294,470|
|Proceeds from the sale of tangible fixed assets||-|60,250|
|Purchase of tangible fixed assets||(4,522,454)|(2,487,732)|
|Proceeds from sale of investments||1,917,593|57,975|
|Purchase of investments||(1,932,860)|(286,948)|
|Movement on cash held within investments||(192,257)|-|
|||------------------|------------------|
|**Net cash used in investing activities**||(4,031,497)|(361,985)|
|||==========|==========|
|**Change in cash and cash equivalents in the year**||(2,215,970)|6,293,169|
|Cash and cash equivalents at the beginning of the year||16,577,040|10,283,871|
|||------------------|------------------|
|**Cash and cash equivalents at the end of the year**||14,361,070|16,577,040|
|||==========|==========|
The notes on pages 26 to 47 form part of these financial statements
25
**SIR JOHN PORT'S CHARITY**
**(A Company Limited by Guarantee)**
**DRAFT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Sir John Port's Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.
The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.
The parent company has no assets or liabilities other than its investments in its subsidiaries, all of which are carried at nil value in the current and previous years.
The parent company has no employees, incoming resources or resources expended in the current or previous years.
## **1.2 Going concern**
The Group meets its day-to-day working capital requirements through the close management of its cashflow from operations and utilising its renewed banking facility as required. After making enquiries, the trustees have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its financial statements.
## **1.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Fees receivable and charges for services and for the use of premises are accounted for in the period in which the service is provided. The School invoices pupils termly in advance and the income relating to these invoices is deferred until the start of the term to which they relate. Fees receivable are stated after deducting allowances, scholarships and other remissions allowed by the Schools.
Donations, grants and other forms of voluntary income are accounted for when received or when a contractual obligation to pay arises. Donations subject to specific donors are carried to relevant restricted funds, or to capital funds where the amount is required to be held as capital. Donations received for the general purpose of the Group credited to unrestricted funds.
For legacies, entitlement is the earlier of the Group being notified of an impending distribution or the
26
**DRAFT**
**(A Company Limited by Guarantee)**
## **SIR JOHN PORT'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
legacy being received.
Investment income is accounted for in the period in which the Group is entitled to receipt.
## **1.4 Expenditure**
Expenditure is accounted for on an accruals basis. Overheads and other costs not directly attributable to particular functional activity categories are apportioned over the relevant categories on the basis of management estimates of the amount attributable to that activity in the year, either by reference to staff time or space occupied, as appropriate. The irrecoverable element of VAT is included with the item of expense to which it relates.
Support costs are those costs incurred directly in support of expenditure on the objects of the Charity.
Governance costs are those incurred in connection with administration of the Group and compliance with constitutional and statutory requirements.
All educational supplies are written off in the year of purchase.
## **1.5 Government grants**
Government grants are recognised in income when the grant proceeds are received or receivable unless future performance-related conditions are specified that have not been met. Grants received before the income recognition criteria are satisfied are recognised as a liability.
## **1.6 Taxation**
The Governors consider the main activities of the Group to be exempt from corporation tax and accordingly no provision for corporation tax is made in the financial statements. All except three of the charity's subsidiaries are exempt from corporation tax. The three subsidiaries that are not exempt from corporation tax recognise liabilities on taxable profits that are not donated under the gift aid scheme.
## **1.7 Tangible fixed assets and depreciation**
Tangible fixed assets costing £10,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is not charged in the year of purchase.
Depreciation is provided on the following bases:
Freehold land and buildings - 2% to 10% Motor vehicles - 20% on cost
27
**(A Company Limited by Guarantee)**
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
Fixtures, fittings and equipment - 13% to 25%
Property with an estimated useful life of over 50 years, freehold land and assets under construction are not depreciated.
## **1.8 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.
Investments in subsidiaries are valued at cost less provision for impairment.
Investments held as fixed assets are shown at cost less provision for impairment.
## **1.9 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
## **1.10 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.11 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
## **1.12 Operating leases**
Rentals paid under operating leases are charged to the Consolidated Statement of Financial Activities on a straight-line basis over the lease term.
## **1.13 Pensions**
The subsidiaries make contributions to a defined contribution pension scheme on behalf of certain non-teaching staff. Contributions to this scheme are charged in the Statement of Financial Activities as they fall due.
28
**DRAFT**
**(A Company Limited by Guarantee)**
## **SIR JOHN PORT'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
The Schools also makes contributions to the Teachers' Superannuation Scheme in respect of teaching staff, a notionally funded defined benefits pension scheme. Contributions to this scheme are charged in the Statement of Financial Activities as they fall due.
## **1.14 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.
The capital funds represent the value of those assets held permanently by the Group and those assets that are expendable at the discretion of the Trustees, principally property and investments. Income arising on the capital funds can be used in accordance with the objects of the Charity and are included as unrestricted income. Any capital gains or losses arising on the assets form part of the capital funds. Investment management charges and professional fees relating to the capital funds are charged against the funds.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
29
**DRAFT**
**(A Company Limited by Guarantee)**
## **SIR JOHN PORT'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **2. Income from donations and legacies**
|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2025|2025|2025|2024|
|||£|£|£|£|
||Donations|28,549|
1,130,679|1,159,228|761,161|
||Legacies|-|
139,312|139,312|-|
|||--------------------|------------------|--------------------|--------------------|
|||28,549|1,269,991|1,298,540|761,161|
|||==========|==========|==========|==========|
|||--------------------|------------------|--------------------||
||**Total 2024**|144,027|617,134|761,161||
|||==========|==========|==========||
|**3.**|**Income from charitable activities**|||||
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2025|2025|2024|
||£|£|£|
|School fees receivable|27,643,943|27,643,943|27,301,272|
|Other educational charitable activities|23,376|23,376|-|
|Other educational and ancillary activities|4,625,069|4,625,069|3,957,747|
||--------------------|------------------|--------------------|
||32,292,388|32,292,388|31,259,019|
||==========|==========|==========|
||--------------------|------------------||
|**Total 2024**|31,259,019|31,259,019||
||==========|==========||
|||2025|2024|
|||£|£|
|**School fees receivable**||||
|Gross fees||33,444,446|33,813,680|
|Less: Total remissions, scholarships and bursaries||(5,800,503)|(6,512,408)|
|||--------------------|------------------|
|||27,643,943|27,301,272|
|||==========|==========|
30
**DRAFT**
**(A Company Limited by Guarantee)**
## **SIR JOHN PORT'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **4. Investment income**
||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2025|2025|2025|2024|
||£|£|£|£|
|Rental income from properties|-|1,640,986|1,640,986|1,624,953|
|Bank interest|627|186,455|187,082|142,538|
|Dividends and interest from equities and|||||
|Common Investment Funds|-|483,926|483,926|526,979|
|Other loan interest|-|18|18|14,186|
||--------------------|------------------|--------------------|--------------------|
||627|2,311,385|2,312,012|2,308,656|
||==========|==========|==========|==========|
||--------------------|------------------|--------------------||
|**Total 2024**|1,499|2,307,157|2,308,656||
||==========|==========|==========||
31
**DRAFT**
**(A Company Limited by Guarantee)**
## **SIR JOHN PORT'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
||Restricted|Unrestricted|||
|---|---|---|---|---|
||funds|funds|Total|Total|
||2025|2025|2025|2024|
||£|£|£|£|
|Teaching|2,060,380|17,266,209|19,326,589|18,040,527|
|Welfare|-|5,136,626|5,136,626|5,609,949|
|Premises|-|3,388,952|3,388,952|4,687,404|
|Support and governance|-|6,338,128|6,338,128|5,306,085|
||--------------------|------------------|--------------------|------------------|
||2,060,380|32,129,915|34,190,295|33,643,965|
||==========|==========|==========|==========|
||--------------------|------------------|--------------------||
|**Total 2024**|1,908,040|31,735,925|33,643,965||
||==========|==========|==========||
## **Summary by expenditure type**
||Staff costs|Depreciation|Other costs|Total|Total|
|---|---|---|---|---|---|
||2025|2025|2025|2025|2024|
||£|£|£|£|£|
|Teaching|14,830,386|2,051,142|2,445,061|19,326,589|18,040,527|
|Welfare|4,047,577|-|1,089,049|5,136,626|5,609,949|
|Premises|414,273|170,385|2,804,294|3,388,952|4,687,404|
|Support and governance|1,958,937|5,950|4,373,241|6,338,128|5,306,085|
||--------------------|------------------|--------------------|------------------|--------------------|
||21,251,173|2,227,477|10,711,645|34,190,295|33,643,965|
||==========|==========|==========|==========|==========|
||--------------------|------------------|--------------------|--------------------||
|**Total 2024**|20,302,813|2,021,957|11,319,195|33,643,965||
||==========|==========|==========|==========||
32
**DRAFT**
**SIR JOHN PORT'S CHARITY**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **6. Staff costs**
||Group|Group|
|---|---|---|
||2025|2024|
||£|£|
|Wages and salaries|16,887,489|16,497,491|
|Social security costs|1,637,459|1,391,072|
|Contribution to pension schemes|2,726,225|2,414,250|
||--------------------|------------------|
||21,251,173|20,302,813|
||==========|==========|
The average number of persons employed by the Charity during the year was as follows:
||Group|Group|
|---|---|---|
||2025|2024|
||No.|No.|
|Teaching|190|190|
|Assistants, domestic and catering|504|389|
|Management and administration|-|91|
||--------------------|------------------|
||694|670|
||==========|==========|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
||Group|Group|
|---|---|---|
||2025|2024|
||No.|No.|
|In the band £60,001 - £70,000|31|31|
|In the band £70,001 - £80,000|7|11|
|In the band £80,001 - £90,000|6|2|
|In the band £90,001 - £100,000|2|2|
|In the band £100,001 - £110,000|1|1|
|In the band £110,001 - £120,000|1|1|
|In the band £190,000 - £200,000|-|1|
|In the band £250,000 - £260,000|1|-|
The aggregate remuneration and benefits received by key management personnel was £2,634,771 (2024 - £2,205,333)
33
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **7. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
The Governors are considered to be key management personnel.
During the year ended 31 August 2025, £Nil was reimbursed or paid directly to Trustees for travel expenses (2024 - £360).
## **8. Tangible fixed assets**
## **Group**
||Freehold|Motor|Fixtures and|Office|Other fixed||
|---|---|---|---|---|---|---|
||property|vehicles|fittings|equipment|assets|Total|
||£|£|£|£|£|£|
|**Cost or valuation**|||||||
|At 1 September 2024|94,285,729|902,504|
2,487,813|175,081|-|97,851,127|
|Additions|3,670,679|7,995|
724,319|80,088|39,373|4,522,454|
|Disposals|(2,720,626)|(41,794)|
(867,352)|-|-|(3,629,772)|
||--------------------|------------------|
--------------------|------------------|--------------------|------------------|
|At 31 August 2025|95,235,782|868,705|
2,344,780|255,169|39,373|98,743,809|
||--------------------|------------------|
--------------------|------------------|--------------------|------------------|
|**Depreciation**|||||||
|At 1 September 2024|22,234,492|671,851|
1,181,504|48,744|-|24,136,591|
|Charge for the year|2,047,056|53,950|
99,985|26,485|-|2,227,476|
|On disposals|-|(25,076)|
-|-|-|(25,076)|
||--------------------|------------------|
--------------------|------------------|--------------------|------------------|
|At 31 August 2025|24,281,548|700,725|
1,281,489|75,229|-|26,338,991|
||--------------------|------------------|
--------------------|------------------|--------------------|------------------|
|**Net book value**|||||||
|At 31 August 2025|70,954,234|167,980|
1,063,291|179,940|39,373|72,404,818|
||==========|==========|
==========|==========|==========|==========|
|At 31 August 2024|72,051,237|230,653|
1,306,309|126,337|-|73,714,536|
||==========|==========|
==========|==========|==========|==========|
The Charity has elected, in accordance with FRS 102, to use the carrying value on 1 September 2014, the date of transition to FRS 102, of any of the above freehold land and buildings previously carried at a valuation, as their deemed cost.
All tangible fixed assets are held for use on charitable activities.
Included in the above are assets with a cost of £30,221,892 (2024 - £30,221,892) on which no depreciation is charged.
34
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **9. Fixed asset investments**
||Investment|Cash held in|||
|---|---|---|---|---|
||funds|investments|Land|Total|
|**Group**|£|£|£|£|
|**Cost or valuation**|||||
|At 1 September 2024|20,776,102|
344,212|10,013|21,130,327|
|Additions|1,932,860|
-|-|1,932,860|
|Disposals|(1,917,593)|
-|-|(1,917,593)|
|Revaluations|524,283|
-|-|524,283|
|Movements in cash|57,353|
134,904|-|192,457|
||--------------------|------------------|--------------------|------------------|
|At 31 August 2025|21,373,005|479,116|10,013|21,862,134|
||==========|==========|==========|==========|
## **Group undertakings**
The following entities are 100% owned subsidiaries of the Charity:
|**Names**|**Company**|**Charity**|**Registered office or principal**|
|---|---|---|---|
||**number**|**registration**|
**place of business**|
|||**number**||
|Repton School Trust|-|
527177 The Bursar's Office, Repton||
||||School, Derbyshire, DE65 6FH|
|Repton School|04390219|
1093166 The Bursar's Office, Repton||
||||School, Derbyshire, DE65 6FH|
|Repton Preparatory School|04390208|
1093165 The Bursar's Office, Repton||
||||School, Derbyshire, DE65 6FH|
|Repton Foundation|-|
1067418 The Hall - Repton School,||
||||Repton, Derbyshire, DE65 6FH|
|Repton School Enterprises Limited|02644487||- 1 High Street, Repton,|
||||Derbyshire, DE65 6GD|
|The Repton Family of Schools Limited|05859839||- The Bursar's Office, Repton|
||||School, Derbyshire, DE65 6FH|
|St. Wystan's School|00880309|
527181 11a High Street, Repton,||
||||Derbyshire, DE65 6GE|
35
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
The financial results of the subsidiaries for the year were:
|**Names**|Income|Expenditure|Profit/(Loss)/|Net assets|
|---|---|---|---|---|
||||Surplus/||
||||(Deficit) for||
||||the year||
||£|£|£|£|
|Repton School Trust|3,596,856|(2,242,112)|1,785,875|86,899,189|
|Repton School
|20,507,200|(20,090,764)|416,436|961,451|
|Repton Preparatory School|7,918,216|(8,160,370)|(242,154)|(262,923)|
|Repton Foundation|1,498,621|
(437,622)|1,153,881|8,574,414|
|Repton School Enterprises Limited|1,612,613|(1,645,016)|(32,403)|(163,551)|
|The Repton Family of Schools Limited|
3,040,571|
(653,018)|2,397,088|1,233,235|
|St. Wystan's School|991,443|(1,002,454)|(11,011)|14,343|
## **10. Debtors**
||Group|Group|
|---|---|---|
||2025|2024|
||£|£|
|**Due after more than one year**|||
|Other debtors|1,412,010|-|
||--------------------|------------------|
||1,412,010|-|
|**Due within one year**|||
|Fee debtors|4,692,158|3,168,547|
|Other debtors|727,689|325,594|
|Prepayments and accrued income|934,027|364,311|
|Corporation tax refund|21,785|21,785|
||--------------------|------------------|
||7,787,669|3,880,236|
||==========|==========|
36
**DRAFT**
**SIR JOHN PORT'S CHARITY**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **11. Creditors: Amounts falling due within one year**
||Group|Group|
|---|---|---|
||2025|2024|
||£|£|
|Trade creditors|1,673,423|1,209,473|
|Other taxation and social security|1,726,028|441,861|
|Obligations under finance lease and hire purchase contracts|-|4,942|
|Other creditors|1,148,426|3,731,702|
|Deferred income|9,003,279|8,839,318|
|Accruals|503,503|590,067|
|Pupil Deposits|394,020|363,042|
||--------------------|------------------|
||14,448,679|15,180,405|
||==========|==========|
||Group|Group|
||2025|2024|
||£|£|
|Deferred income at 1 September 2024|8,839,318|9,454,555|
|Resources deferred during the year|9,046,072|8,839,918|
|Amounts released from previous periods|(8,839,318)|(9,454,555)|
||--------------------|------------------|
||9,046,072|8,839,918|
||==========|==========|
Deferred income relates to fees in advance as disclosed in creditors and the balance is trips and other miscellaneous income.
37
**SIR JOHN PORT'S CHARITY**
**(A Company Limited by Guarantee)**
**DRAFT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **12. Creditors: Amounts falling due after more than one year**
||Group|Group|
|---|---|---|
||2025|2024|
||£|£|
|Refundable deposits|1,417,599|1,352,633|
|Composite fees|3,419,785|3,820,955|
||--------------------|------------------|
||4,837,384|5,173,588|
||==========|==========|
Repayment of refundable deposits is due on the child leaving the schools, net of any charges outstanding. No interest is due on these balances.
38
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
|**13.**|**Statement of fund**|**Statement of fund**||||||
|---|---|---|---|---|---|---|---|
||**Statement of funds - current year**|||||||
|||Balance at 1|||||Balance at|
|||September|||Transfers|Gains/|31 August|
|||2024|Income|Expenditure|in/out|(Losses)|2025|
|||£|£|£|£|£|£|
||**Unrestricted**|||||||
||**funds**|||||||
||General funds|7,916,260|35,886,073|(32,183,886)|-|92,882|11,711,329|
|||--------------------|------------------|--------------------|--------------------|------------------|--------------------|
||**Restricted**|||||||
||**funds**|||||||
||Robert Beldam|||||||
||priory foundation|
11,839|-|
-|-|-|11,839|
||Repton library|11,481|-|
-|-|-|11,481|
||General|||||||
||bursaries|6,371|-|
-|-|-|6,371|
||New science|||||||
||facilities|3,125|-|
-|-|-|3,125|
||Other restricted|||||||
||funds|108,903|27,976|-|-|-|136,879|
||Brogan history|||||||
||prize|7,900|-|
-|-|-|7,900|
||Berger IT prize|4,823|-|
(225)|-|-|4,598|
||Wong Owen|||||||
||Sponsorship|79,823|-|
-|-|-|79,823|
||Foremarke pool|
12,500|-|
-|-|-|12,500|
||Fives Appeal|12,504|1,200|
-||-|13,704|
||RJB Legacy -|||||||
||Music Provision|
14,000|-|(13,099)|-|-|901|
||The Sir Geoffrey|||||||
||and Lady Isobel|||||||
||Barnett|458,400|-|
-|-|-|458,400|
||Scholarship|||||||
||Fund|||||||
||The Christopher|||||||
||Rowbotham|||||||
||Bursary Fund|500,000|-|
-|-|-|500,000|
||Prep theatre|||||||
||refurbishment|10,000|-|
-|-|-|10,000|
|||--------------------|------------------|--------------------|--------------------|--------------------|------------------|
|||1,241,669|29,176|(13,324)|-|-|1,257,521|
|||--------------------|------------------|--------------------|--------------------|--------------------|------------------|
39
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
|**13.**|**Statement of funds (continued)**|**Statement of funds (continued)**||||||
|---|---|---|---|---|---|---|---|
||**Capital Funds**|||||||
||Expendable|||||||
||endowment|1,636,618|-|
-|-|-|1,636,618|
||Endowment|||||||
||sinking fund|13,440,138|-|
-|-|431,401|13,871,539|
||Property Fund
|70,830,199|-|(2,047,056)|-|-|68,783,143|
|||--------------------|------------------|--------------------|--------------------|------------------|--------------------|
|||85,906,955|-|(2,047,056)||431,401|84,291,300|
|||--------------------|------------------|--------------------|--------------------|------------------|--------------------|
||**Total Restricted**|87,148,624|29,176|(2,060,380)|-|431,401|85,548,821|
||**funds**|||||||
|||--------------------|------------------|--------------------|--------------------|------------------|--------------------|
||**Total of funds**|95,064,884|35,915,249|(34,244,266)|-|524,283|97,260,150|
|||==========|==========|==========|==========|==========|==========|
40
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
|**13.**|**Statement of funds - prior year**|**Statement of funds - prior year**||||||
|---|---|---|---|---|---|---|---|
|||Balance at|||||Balance at|
|||1 September|||Transfers|Gains/|31 August|
|||2023|Income|Expenditure|in/out|(Losses)|2024|
|||£|£|£|£|£|£|
||**Unrestricted**|||||||
||**funds**|||||||
||General funds|5,485,891|34,185,160|(31,783,548)|(359,561)|388,318|7,916,260|
|||--------------------|------------------|--------------------|--------------------|------------------|--------------------|
||**Restricted**|||||||
||**funds**|||||||
||Robert Beldam|||||||
||priory foundation|
11,166|673|
-|-|-|11,839|
||Repton library|11,481|-|
-|-|-|11,481|
||General|||||||
||bursaries|165,945|6,371|
-|(165,945)|-|6,371|
||New science|||||||
||facilities|3,125|-|
-|-|-|3,125|
||Other restricted|||||||
||funds|104,225|4,678|
-|-|-|108,903|
||Brogan history|||||||
||prize|7,900|-|
-|-|-|7,900|
||Berger IT prize|4,900|-|
(76)|-|-|4,824|
||Wong Owen|||||||
||Sponsorship|79,823|-|
-|-|-|79,823|
||Foremarke pool|
-|12,500||-|-|12,500|
||Fives Appeal|101,679|11,304|
-|(100,479)|-|12,504|
||RJB Legacy -|||||||
||Music Provision|
20,000|-|
(6,000)|-|-|14,000|
||The Sir Geoffrey|||||||
||and Lady Isobel|||||||
||Barnett|||||||
||Scholarship|||||||
||Fund|629,385|-|
-|(170,985)|-|458,400|
||The Christopher|||||||
||Rowbotham|||||||
||Bursary Fund|500,000|-|
-|-|-|500,000|
||R M Kirkland -|||||||
||Art & DT|100,000|25,000|
-|(125,000)|-|-|
||L Yu - Digital||||||-|
||classroom|300,000|75,000|
-|(375,000)|-||
||Prep theatre|||||||
||refurbishment|-|10,000|
-|-|-|10,000|
41
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **13. Statement of funds (continued) Statement of funds – prior year (continued)**
||Balance at 1||||||
|---|---|---|---|---|---|---|
||September|||Transfers|Gains/|
Balance at 31|
||2023|Income|Expenditure|in/out|(Losses)|
August 2024|
||£|£|£|£|£|
£|
|**Capital funds**|||||||
|Expendable|||||||
|endowment|1,501,605|-|
-|-|135,013|
1,636,618|
|Endowment|||||||
|sinking fun
|11,890,863|-|
-|264,728|1,284,547|13,440,138|
|Property Fun
|71,699,921|-|(1,901,964)|1,032,242|-|70,830,199|
||--------------------|------------------|--------------------|--------------------|------------------|
--------------------|
||85,092,389|-|(1,901,964)|1,296,970|1,419,560|
85,906,955|
||--------------------|------------------|--------------------|--------------------|------------------|
--------------------|
|**Total Restricted**|||||||
|**funds**|87,132,018|145,526|(1,908,040)|359,561|1,419,560|
87,148,625|
||--------------------|------------------|--------------------|--------------------|------------------|
--------------------|
|**Total of funds**|92,617,909|34,330,686|(33,691,588)|-|1,807,878|
95,064,885|
||==========|==========|==========|==========|==========|
==========|
42
**DRAFT**
**(A Company Limited by Guarantee)**
## **SIR JOHN PORT'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **14. Summary of funds**
## **Summary of funds - current year**
||Balance at 1|||||Balance at|
|---|---|---|---|---|---|---|
||September|||Transfers|Gains/|31 August|
||2024|Income|Expenditure|in/out|(Losses)|2025|
||£|£|£|£|£|£|
|General funds|7,916,260|35,886,073|(32,183,886)|-|92,882|11,711,329|
|Restricted funds|
1,241,669|29,176|
(13,324)|-|-|1,257,521|
|Capital funds|85,906,955|-|(2,047,056)|-|431,401|84,291,300|
||--------------------|------------------|--------------------|--------------------|------------------|--------------------|
||95,064,884|35,915,249|(34,244,266)|-|524,283|97,260,150|
||==========|==========|==========|==========|==========|==========|
## **Endowment funds**
The capital funds of the Group include the above balances to be held on trust from which the income is to be applied for specific purposes.
The Property fund holds the accumulated property additions and improvements capitalised in previous years other than the current year additions which are financed from and subsequently transferred from the General fund post the Annual General Meeting.
The Endowment sinking fund comprises unrealised and realised gains and losses deriving from the capital of endowed assets pending allocation to suitable designated capital funds.
There is no restriction on the expendable endowment fund's capital, which may be spent at the discretion of the Trustees.
The permanent endowment fund's capital is restricted and is not available for expenditure.
## **Restricted funds**
The income funds of the Group include restricted funds comprising the unexpended balances of grants held on trust to be applied for specific purposes and restricted income from capital funds.
The Sir Geoffrey and Lady Isobel Barnett Scholarship fund is for the following purposes:
- a) Awarding scholarships, bursaries or maintenance allowances at the School to persons under the age of eighteen years who are in need of financial assistance;
- b) Awarding to such persons grants or maintenance allowances to enable them to travel whether in the United Kingdom or abroad in furtherance of their education;
- c) Otherwise furthering the education of such persons.
The Christopher Rowbotham Bursary Fund is for the assistance of pupils whose parents are unable to afford the full amount of fees.
The R M Kirkland fund is for the refurbishment of the DT workshop.
The L Yu fund is for the costs associated with a digital classroom and the Orchard common room.
The Mr J M G Levesley fund is for the refurbishment of the Prep theatre.
43
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **14. Summary of funds (continued)**
## **Summary of funds - prior year**
||Balance at|||||Balance at|
|---|---|---|---|---|---|---|
||1 September|||Transfers|Gains/|31 August|
||2023|Income|Expenditure|in/out|(Losses)|2024|
||£|£|£|£|£|£|
|General funds|5,485,891|34,185,160|(31,783,548)|(359,561)|388,318|7,916,260|
|Restricted funds|
2,039,629|145,526|
(6,076)|(937,409)|-|1,241,670|
|Capital funds|85,092,389|-|(1,901,964)|1,296,970|1,419,560|85,906,955|
||--------------------|------------------|--------------------|------------------|--------------------|------------------|
||92,617,909|34,330,686|(33,691,558)|-|1,807,878|95,064,885|
||==========|==========|==========|==========|==========|==========|
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
||Restricted||Unrestricted|Total|
|---|---|---|---|---|
||funds|Capital funds|funds|funds|
||2025|2025|2025|2025|
||£|£|£|£|
|Tangible fixed assets|-|72,404,818|
-|72,404,818|
|Fixed asset investments|1,257,521|11,886,482|8,718,131|21,862,134|
|Debtors due after more than one year|-|
-|
1,412,010|
1,412,010|
|Current assets|-|-|20,867,251|20,867,251|
|Creditors due within one year|-|
-|(14,448,679)|(14,448,679)|
|Creditors due in more than one year|-|
-|(4,837,384)|(4,837,384)|
||--------------------|
------------------|--------------------|--------------------|
|**Total**|1,257,521|
84,291,300|11,711,329|97,260,150|
||==========|
==========|==========|==========|
44
**DRAFT**
**(A Company Limited by Guarantee)**
## **SIR JOHN PORT'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **Analysis of net assets between funds - prior year**
||Restricted||Unrestricted|Total|
|---|---|---|---|---|
||funds|Capital funds|funds|funds|
||2024|2024|2024|2024|
||£|£|£|£|
|Tangible fixed assets|-|70,830,199|
2,884,337|73,714,536|
|Fixed asset investments|1,143,434|15,076,756|
4,910,137|21,130,327|
|Current assets|98,236|-|20,475,779|20,574,015|
|Creditors due within one year|-|
-|(15,180,405)|(15,180,405)|
|Creditors due in more than one year|-|-|(5,173,588)|(5,173,588)|
||--------------------|
------------------|--------------------|------------------|
|**Total**|1,241,670|
85,906,955|7,916,260|95,064,885|
||==========|
==========|==========|==========|
## **16. Reconciliation of net movement in funds to net cash flow from operating activities**
||Group|Group|
|---|---|---|
||2025|2024|
||£|£|
|Net income for the year (as per Statement of Financial Activities)|2,195,266|2,446,976|
|**Adjustments for:**|||
|Depreciation charges|2,227,476|1,961,708|
|Losses on investments|(524,283)|(1,807,878)|
|Dividends, interests and rents from investments|(698,481)|(2,294,470)|
|Loss on the sale of fixed assets|1,731,186|-|
|Increase in stocks|(13,783)|(16,827)|
|Decrease/(increase) in debtors|(2,033,920)|357,922|
|Increase/(decrease) in creditors|(1,067,934)|6,127,723|
|Increase / (decrease) in provisions|-|(120,000)|
||--------------------|------------------|
|**Net cash provided by operating activities**|1,815,527|6,655,154|
||==========|==========|
45
**SIR JOHN PORT'S CHARITY**
**(A Company Limited by Guarantee)**
**DRAFT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **17. Analysis of cash and cash equivalents**
||Group|Group|
|---|---|---|
||2025|2024|
||£|£|
|Cash in hand|14,361,070|16,577,040|
||--------------------|------------------|
|**Total cash and cash equivalents**|14,361,070|16,577,040|
||==========|==========|
## **18. Analysis of changes in net debt**
||At 1|||
|---|---|---|---|
||September||At 31 August|
||2024|Cash flows|2025|
||£|£|£|
|Cash at bank and in hand|16,577,040|(2,215,970)|14,361,070|
|Finance leases|(4,942)|4,942|-|
||------------------|------------------|------------------|
||16,572,098|(2,211,028)|14,361,070|
||=======|==========|=======|
## **19. Pension commitments**
The School participates in the Teachers’ Pension Scheme (“the TPS”) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £1,495,063 (2024 - £1,308,078) and at the year-end £137,160 (2024 - £157,411) was accrued in respect of contributions to this scheme.
The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.
The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary’s Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report was published in October 2023. The Valuation Report shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.
The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%
46
**(A Company Limited by Guarantee)**
**DRAFT**
## **SIR JOHN PORT'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **20. Other financial commitments**
The Charity has a contingent liability in respect of a multilateral cross guarantee, relating to the bank overdraft facility granted under a group set off arrangement between Repton School, Repton Preparatory School, Repton School Trust and Sir John Port's Charity. This guarantee is limited to £1,500,000. At the balance sheet date the total amount of secured debts due to the bank amounted to £Nil (2024 - £NIL).
## **21. Members' liability**
Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £NIL for the debts and liabilities contracted before he/she ceases to be a member.
## **22. Related party transactions**
There were no related party transactions during the current or preceding year.
## **23. Controlling party**
The Governors of Sir John Port's Charity are considered to be the ultimate controlling party.
47