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2025-08-31-accounts

Registered number: 04390219 Charity number: 1093166

REPTON SCHOOL

(A Company Limited by Guarantee)

GOVERNORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

REPTON SCHOOL

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Governors and Advisers 1 - 2
Governors' Report 3 - 12
Governors' Responsibilities Statement 13
Independent Auditors' Report 14 - 17
Statement of Financial Activities 18
Balance Sheet 19
Notes to the Financial Statements 20 - 31

REPTON SCHOOL (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025

Governors A Bock BSc MRICS (resigned 20 March 2025)
M A Casini BSc
A J Churchill OBE MA FIET
Professer K J Dell MA DPhil PhD DipLCM
S Gould BA (Hons) FCIPD
J R Hart BSc (Hons) MRICS (appointed 7 April 2025)
E Hattersley BA (Hons)
E A Haydon MBE BSc PGCE NPQH
C D Hibbs BSc (Hons) FCA1
B W G Hughes BSc FRSA
N P Hillman OBE MA (appointed 7 April 2025)
K K Joshi MA (Cantab)
R L Johnson BSc (Hons)
D J Lloyd MSc MSt PhD CEng FIChem CMIOSH (appointed 16 April 2025)
M J C Needham LLB
E M Shires BA (Hons) FCA, Chairman
N C Walford BA
S Wan BSc MBA DipM
J D Wyld BA (resigned 17 June 2025)
1Audit Committe Member
Company registered
number 04390219
Charity registered
number 1093166
Registered office The Bursar's Office
Repton School
Repton
Derbyshire
DE65 6FH
Clerk to the Governing R Mair BA (Hons)
Body
Headmaster M J Semmence MA MBA
Independent auditors HaysMac LLP
10 Queen Street Place
London
EC4R 1AG
Bankers National Westminster Bank Plc
Crompton House
Derwent Street
Derby
DE1 2ZG

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REPTON SCHOOL (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Solicitors

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 Leicestershire LE65 2UZ Insurance Brokers PIB Insurance Brokers Exeter House Stanier Way The Wyvern Derby DE21 6BF

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REPTON SCHOOL

(A Company Limited by Guarantee)

GOVERNORS' 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, incorporating a strategic report together with the audited financial statements of Repton School (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 school’s principal objective is to further the education of children and young persons. The principal activity is the provision of academic education enabling our pupils to go out into the world not just ready, but Repton Ready. Intellectually, physically, and emotionally prepared for the known and unknown; eager and equipped to achieve their full potential - whatever life holds.

Our core values are:

Our mission is:

OBJECTIVES AND ACTIVITES

Repton School aims to provide the highest standard of teaching and learning, pastoral care and broad cocurricular and extra-curricular experience, in an inspiring and spacious setting.

With 1,000 years of education history, the traditional values of encouraging pupils to aim high while showing respect for all are of utmost importance. Repton is undoubtedly modern in terms of practice and outlook. We encourage our pupils to think big, to be ambitious and unbounded. Reptonians show extraordinary spirit and exceptional passion by creating opportunities for themselves, both at school and in their personal endeavours. Repton is small enough to ensure that the talents of each individual are nurtured and valued, yet large enough to compete on the international arena across academia, music, the arts and sport. We believe in the pursuit of academic excellence and success, but this is not at the expense of an all-round and broad education.

Pastoral care is a high priority, facilitated through the boarding houses. All pupils, the majority of whom board, belong to one of the ten boarding houses. Each House is set in its own grounds and has its own dining room; the creation of a friendly, family atmosphere is considered key to the development and success of the pupils.

Academic standards are high and because most of our teachers, tutors and coaches live in the village, Reptonians never have to prioritise academic achievement over their love of the theatre or rank their aptitude for sport above their passion for music. Pupils are encouraged to take advantage of a broad range of activities offered beyond the classroom. There are opportunities for all abilities to participate in a wide variety of sports, music, and drama. There is a thriving Combined Cadet Force, which, along with the Duke of Edinburgh Award scheme, gives opportunities for leadership and adventurous training. Community service and charitable work are strongly encouraged, with opportunities within and beyond the formal School programme.

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REPTON SCHOOL

(A Company Limited by Guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

FUTURE PLANS

REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR

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.

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REPTON SCHOOL

(A Company Limited by Guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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.

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. 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 being 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 informal concerts, workshops, masterclasses and outstanding concerts and services.

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(A Company Limited by Guarantee)

REPTON SCHOOL

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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.

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.

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.

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REPTON SCHOOL (A Company Limited by Guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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, had theatre trips for our drama enthusiasts, and 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.

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 12-18, 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 continued with its outreach 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). We have also built a relationship with The Pegasus School, with a craft experience taking place in November 2025 led by our L6 charity team making Christmas cards for YMCA Derbyshire. Relationships are overseen by a member of the Senior Management Team – the Deputy Head (Pastoral), together with the Head of Community Action.

We have hosted some successful outreach events in the past year. One of the highlights of the year was supporting the Embark Federation with their World Book Day event at the Sports Centre. This saw over 100 pupils with a passion for drama benefitting from workshops with West End stars. Another highlight of the year was hosting the Lewis Sewell Memorial concert for another year in the 400 Hall during the Summer Term. This was to raise money for the Lewis Sewell Memorial Trust in partnership with YMCA Derbyshire and the Embark Federation. We were also again able to support local state schools with university applications hosting online workshops looking at personal statements as well as providing some medical interview practice. We also expanded our provision to another local state school, Newton Solney Primary School. Some of our Art students provided their support to the school leavers to paint a mural to leave as part of their legacy. These events provide a genuine coming together of young people to learn together with and from each other about key issues of universal relevance.

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REPTON SCHOOL (A Company Limited by Guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

We have provided several school venues and support services to the Royal National Children’s Springboard Foundation, a charity that works with children from underprivileged backgrounds, and have been the tester school for their in-school interview process to be trialed. We have continued to assist Repton Primary School by hosting and technically assisting them on two consecutive days for their Christmas performance.

There are now 40 L6 pupils involved in the Community Action programme on a weekly basis, volunteering in a range of different community projects. This academic year, we have started a new initiative, with Father Adam and members of the L6 having tea and cake with members of the local community. This has allowed students as well as community members to learn from each other in a supportive environment. This has also been coupled with maintaining the St Wystans graveyard. Eight Repton Pupils volunteer every week at Derby Hospital as part of the Derbyshire Hospital mealtime volunteers programme, a programme which the school has been committed to for a number of years.

In September 2025, the School held the inaugural charity colour run. This was a whole school event which saw £600 raised for the British Heart Foundation. We will continue to support the Hannah’s Hope charity (local) with funds from the January 2026 Fashion Show being put towards maintaining the newly built lodge in Mercia Marina.

In collaboration with the Royal National Children’s Springboard Foundation and through own transformational bursary programme, we continue to have a number of pupils on transformational bursaries, 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.

Environmental and Sustainability considerations

We are now seeing the benefits, of the LED replacement fittings project that was undertaken in 2024, through reduced energy usage across the estate. We are now focusing on improved heating systems and improved insulation throughout our buildings, as well as opportunities to introduce green initiatives within our capital projects.

Accessibility

The school applies appropriate academic entrance requirement to ensure that its pupils can benefit from the education provided and the Governors are satisfied that the opportunity to benefit from the School's 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. This was achieved by granting bursaries and scholarships totalling £4,5m (2023: £3,8m).

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.

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.

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.

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REPTON SCHOOL (A Company Limited by Guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Financial review

£25,252,102 (2024: £24,877,591) was generated in gross fee income. £4,510,250 (2024: £5,054,461) was granted in respect of bursaries and scholarships. Income exceeded expenditure on charitable activities by £416,438 (2024: £395,083). In addition to this, £nil was also donated to the Repton School Trust relating to the 2024/25 School surplus (2024: £755,306).

The Governors estimate that the attendance of 630 pupils at the School saved the public approximately £5.2m 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 Charity. Any unrestricted funds in excess of £100,000 may be donated to Repton School Trust to fund future capital projects for the benefit of the School. The actual level of reserves held at 31 August 2025 meet the target level of reserves of £100,000.

Investment Policy

The policy of the Governors is to maintain sufficient cash reserves for the ongoing operation of the School, with excess surpluses being donated to Repton School Trust to fund capital development.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Legal status

Repton School is registered as a charitable company limited by guarantee and a registered charity administered under the Companies Act 2006 and the Charities Act 2011, and was set up by a Memorandum of Association dated 4 July 2002, as amended 1 July 2003, 20 June 2008, 23 June 2017 and 29 July 2020. The School was founded on the death of Sir John Port in 1557.

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 term of five years.

Induction and training of Governors

On appointment Governors 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 School and to spend time with the Headmaster and Chief Operating Officer. They are encouraged to visit the School, including the staff Common Room and boarding houses to meet the staff and pupils, and are invited to School events.

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.

Remuneration of Governors:

Remuneration is set by the Executive and overseen by the Trustees, via the Finance and General Purpose Committee, with the objective of providing appropriate incentives to encourage enhanced performance and of rewarding fairly and responsibly individual contributions to the School’s success.

Through appropriate remuneration decisions, Trustees wish to ensure the School remains sensitive to the broader issues of pay and employment conditions locally (and nationally for teaching staff). Delivery of the

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REPTON SCHOOL (A Company Limited by Guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Group’s charitable vision and purpose is primarily dependent on its staff, and employment costs are the largest single element of its charitable expenditure.

The Remuneration Committee is formed of at least two governors and determines key Executive pay and benefits.

Organisational structure

The Governors are responsible for the overall management and control of the School. The full Governing Body usually meets three times a year. The Governors’ committees to which certain responsibilities are delegated and which all report directly to the Governing Body include the Finance and General Purpose Committee, the Academic Committee and the Pastoral and Safeguarding Committee which all meet termly, and the Audit Committee and the Governance and Nominations Committee which both meet annually.

The School is a co-educational independent senior school for pupils aged 13 to 18 years and operates from land and buildings owned by Repton School Trust.

The day to day management of the school is delegated to the Headmaster (Chief Executive Officer) and Chief Operating Officer supported by their management teams. Housemasters and Housemistresses are responsible for pastoral care and overseeing pupils' progress through the School. Academic provision is managed through the Heads of Departments. All teaching staff are allocated to an academic department and most are closely associated with one or other of the ten boarding houses.

Key management personnel

The remuneration of key management personnel is set by the Remuneration committee and is kept underannual review.

A number of criteria are used in setting 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:

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REPTON SCHOOL (A Company Limited by Guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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:

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.

Equal opportunities

The School supports the principle of equal opportunities and opposes discrimination on the basis of sex, marital or civil partnership status, gender reassignment, race, disability, sexual orientation, religious belief, part time or fixed term employment and age. Being a committed equal opportunities employer, the School takes every possible step to ensure that employees are treated equally and fairly in respect of these matters. All policies and practices seek to conform with the principle of equal opportunities in terms of recruitment, selection, training, promotion, career development, discipline, redundancy, and dismissal. With regard to disabled employees, this extends to having regard for their particular aptitudes and abilities; all reasonable steps are taken to continue the employment of employees of the School who have become disabled persons whilst employed by the School, and for arranging appropriate training.

Information and consultation

Within the bounds of confidentiality, staff are kept informed of matters that affect the progress of the School and are of interest to them as employees.

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REPTON SCHOOL

(A Company Limited by Guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Disclosure of information to auditors

Each of the persons who are Governors at the time when this Governors' report is approved has confirmed that:

Approved by order of the members of the board of Governors and signed on their behalf by:

Chris Hibbs

Mark Shires

................................................ C D Hibbs BSc Hons FCA Date: 27/05/2026

................................................ E M Shires BA Hons FCA

27/05/2026

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REPTON SCHOOL

(A Company Limited by Guarantee)

STATEMENT OF GOVERNORS' RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025

The Governors (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Governors' 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 Governors to prepare financial statements for each financial year. Under company law, the Governors 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 Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Governors are required to:

The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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REPTON SCHOOL

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REPTON SCHOOL

Opinion

We have audited the financial statements of Repton School (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, Balance Sheet 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:

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 Governors' 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 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 Governors with respect to going concern are described in the relevant sections of this report.

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REPTON SCHOOL (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REPTON SCHOOL (CONTINUED)

Other information

The Governors are responsible for the other information. The other information comprises the information included in the Governor's 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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:

Matters on which we are required to report by exception

In the light of the 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 Governors Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Governors' Responsibilities Statement, the Governors (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 Governors 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 Governors are responsible for assessing the 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 Governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

15

REPTON SCHOOL (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REPTON SCHOOL (CONTINUED)

Auditors' 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 Auditors' 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:

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 Auditors' Report.

16

REPTON SCHOOL

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REPTON SCHOOL (CONTINUED)

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 Auditors' 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: 27/05/2026

17

REPTON SCHOOL

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
Total income
Expenditure on:
Charitable activities
5
Donation to Repton School Trust
Total expenditure
Net movement in funds
Total funds brought forward
Total funds carried forward		 Restricted
funds
2025
£
-
-
627
627
-
-
-
627
50,654
51,281		 Unrestricted
funds
2025
£
-
20,392,270
114,303
20,506,573
20,090,764
-
20,090,764
415,809
494,361
910,170		 Total
funds
2025
£
-
20,392,270
114,930
20,507,200
20,090,764
-
20,090,764
416,436
545,015
961,451		 Total
funds
2024
£
500,000
20,495,786
126,079
21,121,865
20,726,782
755,306
21,482,088
(360,223)
905,238
545,015

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 20 to 31 form part of these financial statements.

18

REPTON SCHOOL (A Company Limited by Guarantee) REGISTERED NUMBER: 04390219

BALANCE SHEET AS AT 31 AUGUST 2025

Fixed assets
Note
Tangible assets
9
Current assets
Stocks
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
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 54,364
7,186,499
6,285,537
13,526,400
(10,789,384)		 2025
£
1,440,552
1,440,552
2,737,016
4,177,568
(3,216,117)
961,451
51,281
910,170
961,451		 48,386
3,382,725
11,027,144
14,458,255
(12,607,667)		 2024
£
2,018,374
2,018,374
1,850,588
3,868,962
(3,323,947)
545,015
50,654
494,361
545,015

The Governors 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 Governors and signed on their behalf by:

Mark Shires

Chris Hibbs

................................................

E M Shires BA (Hons) FCA

................................................ C D Hibbs BSc (Hons) FCA

Date: 27/05/2026

27/05/2026

The notes on pages 20 to 31 form part of these financial statements.

19

(A Company Limited by Guarantee)

REPTON SCHOOL

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.

Repton School 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 School’s Governors are its only Members however the School is considered to be part of the group headed by Sir John Port’s Charity. The School has taken advantage of the exemption contained within the Financial Reporting Standard 102 and to not prepare a cash flow statement.

1.2 Going concern

The School meets its day-to-day working capital requirements through the close management of its cashflow from operations and calling on amounts due from group companies as required. After making enquiries, the trustees have a reasonable expectation that the School has adequate resources to continue in operational existence for the foreseeable future. The School therefore continues to adopt the going concern basis in preparing its financial statements.

1.3 Income

All income is recognised once the Company 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 recognised and 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 School.

Donations, grants and other forms of voluntary income are recognised and accounted for when received or when contractual obligation to pay arises. Donations subject to specific wishes of the donors are carried to relevant restricted funds, or to endowed funds where the amount is required to be held as capital. Donations received for the general purpose of the School are credited to unrestricted funds.

20

(A Company Limited by Guarantee)

REPTON SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. Accounting policies (continued)

1.4 Expenditure

Expenditure is recognised and 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.

Governance costs comprise the cost of running the School, including external audit, any legal advice, and all the costs of complying with constitutional and statutory requirements, such as the costs of Board and Committee meetings and of preparing statutory accounts and satisfying public accountability.

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 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.7 Taxation

The School is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the School is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.8 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.

Assets in the course of construction are included at costs incurred to date. Depreciation on these assets is not charged until they are brought into use.

21

(A Company Limited by Guarantee)

REPTON SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. Accounting policies (continued)

1.8 Tangible fixed assets and depreciation (continued)

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 basis:

Freehold property (under - No depreciation charged construction) Motor vehicles - 20% on cost Teaching equipment - 20% on cost Office equipment - 5% to 25% on cost

1.9 Pensions

The School makes contributions to a defined contribution pension scheme on behalf of certain nonteaching staff. The School also makes contributions to the Teachers' Superannuation Scheme in respect of teaching staff, a notionally funded defined benefits pension scheme. Contributions to both schemes are charged in the Statement of Financial Activities as they fall due.

1.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Governors in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Governors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. Income from donations and legacies

Restricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Donation for capital projects - - 500,000

22

REPTON SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

3. Income from charitable activities

School fees receivable
Other educational and ancillary activities
Total 2025
4.
School fees receivable
Gross fees
Less: Total remissions, scholarships, exhibitons and bursaries		 Unrestricted
funds
2025
£
19,537,322
854,948		 Unrestricted
funds
2025
£
19,537,322
854,948		 Total
funds
2025
£
19,537,322
854,948
20,392,270
2025
£
25,252,102
(5,714,780)
19,537,322		 Total
funds
2024
£
19,823,130
672,656
20,392,270 20,495,786
2024
£
24,889,676
(5,066,546)
19,823,130

5. Analysis of expenditure on charitable activities Summary by fund type

Teaching
Support and governance
Premises
Welfare
Total 2024		 Unrestricted
funds
2025
£
10,926,847
2,164,227
2,669,458
4,330,232
20,090,764
20,726,782		 Total
2025
£
10,926,847
2,164,227
2,669,458
4,330,232
20,090,764
20,726,782		 Total
2024
£
10,335,201
2,239,508
2,988,202
5,163,871
20,726,782

23

REPTON SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

5. Analysis of expenditure on charitable activities (continued)

Summary by expenditure type

Teaching
Support and governance
Premises
Welfare
Total 2024		 Staff costs
2025
£
9,645,862
1,422,640
596,458
2,364,504
14,029,464
12,804,248		 Depreciation
2025
£
-
-
104,618
-
104,618
84,665		 Other costs
2025
£
1,280,985
741,587
1,968,382
1,965,728
5,956,682
7,837,869		 Total
2025
£
10,926,847
2,164,227
2,669,458
4,330,232
20,090,764
20,726,782		 Total
2024
£
10,335,201
2,239,508
2,988,202
5,163,871
20,726,782
6.
Governance costs
Governance costs included in support costs:
Auditors' remuneration
Auditors' non-audit costs
Legal and professional fees
7.
Staff costs
Wages and salaries
Social security costs
Contribution to pension schemes		 2025
£
22,500
5,500
188,522
216,522
2025
£
11,097,895
1,169,299
1,762,270
14,029,464		 2024
£
11,340
6,960
298,249
316,549
2024
£
10,228,210
976,927
1,599,111
12,804,248

Wages and salaries includes redundancy and termination payments totalling £65,670 (2024: £105,996), which were fully paid during the year.

24

(A Company Limited by Guarantee)

REPTON SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

7. Staff costs (continued)

The average number of persons employed by the School during the year was as follows:

Teaching
Assistants, domestic, catering and administration
Senior management		 2025
No.
102
298
-
400		 2024
No.
100
291
11
402

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No. No.
In the band £60,001 - £70,000 26 28
In the band £70,001 - £80,000 7 10
In the band £80,001 - £90,000 6 1
In the band £90,001 - £100,000 2 2
In the band £100,001 - £110,000 1 1
In the band £190,001 - £200,000 - 1
In the band £250,001 - £260,000 1 -

The aggregate remuneration and benefits received by key management personnel was £2,001,757 (2024: £1,620,838).

8. Governors' remuneration and expenses

During the year, no Governors received any remuneration or other benefits (2024 - £NIL)

During the year ended 31 August 2025, no Governor expenses have been incurred (2024 - £5,982) .

25

(A Company Limited by Guarantee)

REPTON SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

9. Tangible fixed assets

Freehold
property
under
construction
£
Cost or valuation
At 1 September 2024
586,716
Additions
356,509
Disposals
(587,435)
At 31 August 2025
355,790
Depreciation
At 1 September 2024
-
Charge for the year
-
At 31 August 2025
-
Net book value
At 31 August 2025
355,790
At 31 August 2024
586,716
Debtors
Due after more than one year
Other debtors
Due within one year
Fee debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Motor
vehicles
£
598,370
7,995
(107,240)
499,125
439,050
14,670
453,720
45,405
159,320		 Teaching
equipment
£
786,312
28,058
(512,061)
302,309
147,858
17,488
165,346
136,963
638,454		 Office
equipment
£
1,441,708
696,261
(355,292)
1,782,677
807,824
72,459
880,283
902,394
633,884
2025
£
1,412,010
1,412,010
2,399,049
2,266,401
587,158
521,881
7,186,499		 Total
£
3,413,106
1,088,823
(1,562,028)
2,939,901
1,394,732
104,617
1,499,349
1,440,552
2,018,374
2024
£
-
-
2,122,471
991,184
19,314
249,756
3,382,725

10. Debtors

26

(A Company Limited by Guarantee)

REPTON SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

11. Creditors: Amounts falling due within one year

Refundable deposits
Trade creditors
Deferred income
Amounts owed to group undertakings
Other taxation and social security
Hire purchase contracts
Other creditors
Accrued expenses
Deferred income at 1 September
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 August		 2025
£
255,702
1,278,717
6,104,506
1,025,261
1,101,343
-
640,284
383,571
10,789,384
2025
£
6,231,459
6,104,405
(6,231,459)
6,104,405		 2024
£
261,902
1,000,849
6,231,459
1,559,781
244,752
4,942
3,037,884
266,098
12,607,667
2024
£
6,804,467
6,231,459
(6,804,467)
6,231,459

Deferred income relates to mainly to fees invoiced in advance and the balance is trips and other miscellaneous income.

12. Creditors: Amounts falling due after more than one year

Refundable deposits
Other creditors		 2025
£
1,021,298
2,194,819
3,216,117		 2024
£
908,231
2,415,716
3,323,947

Repayment of refundable deposits is due on the child leaving the school, net of any charges outstanding.

No interest is due on this balance.

27

REPTON SCHOOL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Andrew Fraser Trust
George Philip travel award
Works of Art
Pugh-Thomas GAP fund
Ernest L. Rothenthal bequest
Clowes Textiles prize
Total of funds
Statement of funds - prior year
Unrestricted funds
Designated funds
Expendable funds for donation
General funds
General reserve
Total Unrestricted funds
Balance at
1 September
2023
£
755,306
100,000
855,306		 Balance at 1
September
2024
£
494,361
15,047
17,172
9,703
3,763
4,544
425
50,654
545,015
Income
£
-
20,621,143
20,621,143		 Income Expenditure
£
£
20,506,573
(20,090,764)
187
-
216
-
122
-
45
-
57
-
-
-
627
-
20,507,200
(20,090,764)
Transfers
Expenditure
£
in/out
£
(755,306)
-
(20,726,782)
500,000
(21,482,088)
500,000		 Balance at
31 August
2025
£
910,170
15,234
17,388
9,825
3,808
4,601
425
51,281
961,451
Balance at
31 August
2024
£
-
494,361
494,361

28

(A Company Limited by Guarantee)

REPTON SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Statement of funds (continued)

Restricted funds
Andrew Fraser Trust
George Philip travel award
Works of Art
Pugh-Thomas GAP fund
Ernest L. Rothenthal bequest
Clowes Textiles prize
Capital projects
Total of funds		 14,799
17,031
9,651
3,547
4,479
425
-
49,932
_905,238 _		 248
141
52
216
65
-
500,000
500,722
21,121,865		 -
-
-
-
-
-
-
-
(21,482,088)		 -
-
-
-
-
-
(500,000)
(500,000)
-		 15,047
17,172
9,703
3,763
4,544
425
-
50,654
545,015

Capital projects

The income relates to restricted donations received by the group for the refurbishment of the DT workshop and costs associated with a digital classroom and the Orchard common room. Following completion of the capital works, the value of the restricted tangible fixed assets held for general purposes was transferred to unrestricted funds.

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Debtors due after more than one year
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds
2025
£
-
-
51,281
-
-
51,281		 Unrestricted
funds
2025
£
1,440,552
1,412,010
12,083,615
(10,809,890)
(3,216,117)
910,170



Total
funds
2025
£
1,440,552
1,412,010
12,134,896
(10,809,890)
(3,216,117)
961,451

29

(A Company Limited by Guarantee)

REPTON SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

14. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Ttl		 Restricted
funds
2024
£
-
50,654
-
-
50,654		 Unrestricted
funds
2024
£
2,018,374
14,407,601
(12,607,667)
(3,323,947)
494,361		 Total
funds
2024
£
2,018,374
14,458,255
(12,607,667)
(3,323,947)
545,015

Total

15. Pension commitments

A group defined contribution pension scheme is operated which non-teaching staff are eligible to join. The total cost to the School was £267,207 (2024 - £291,033), which represents the contributions made by the School during the year.

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%.

16. 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 £10 for the debts and liabilities contracted before he/she ceases to be a member.

30

REPTON SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17. Related party transactions

At the year end the following balances were owed to/(from) Repton School from the group entities:

2025 2024
£ £
Repton Prep School 1,170,494 1,259,338
St Wystan School 577 (2,194)
Repton Enterprises Ltd 539,584 (485,820)
Repton Schools Trust 2,162,903 285,196
Repton Family of Schools 28,343 (2,724)
Repton Foundation 508,448 (500,000)

18. Controlling party

The School’s Governors are its only Members however the School is part of the group headed by Sir John Port’s Charity. Copies of the consolidated financial statements of Sir John Port's Charity are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF4 3UZ.

19. Contingent liabilities

The School 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).

31