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2025-07-31-accounts

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee) ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

St Augustine’s Priory School Limited

Annual report and Financial Statements for the year ended 31[st] July 2025

Company Number: 04482913 Charity Number: 1097781

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

Contents

REVIEW OF THE YEAR BY THE HEAD .................................................................................................... 2 OBJECTS, PURPOSE AND ETHOS ......................................................................................................... 3 STRATEGIC REVIEW ............................................................................................................................ 4 Academic Excellence .......................................................................................................................... 4 Pastoral Care ...................................................................................................................................... 7 Cocurricular Adventures...................................................................................................................... 9 Creative Achievement ....................................................................................................................... 10 Sporting Success .............................................................................................................................. 13 Public Benefit .................................................................................................................................... 14 FINANCIAL REVIEW ........................................................................................................................... 15 Financial Position .......................................................................................................................... 15 Going Concern to 31 July 2027 ....................................................................................................... 16 PRINCIPAL RISKS .............................................................................................................................. 18 GOVERNANCE, MANAGEMENT AND ADMINISTRATIVE INFORMATION ................................................ 19 Administrative Details .................................................................................................................... 20 Statement of Trustees' responsibilities ........................................................................................... 21 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2025 ......................................................................................................... 27 BALANCE SHEET ............................................................................................................................... 28 STATEMENT OF CASH FLOWS ........................................................................................................... 29 NOTES TO THE FINANCIAL STATEMENTS ........................................................................................... 30

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

REVIEW OF THE YEAR BY THE HEAD

In a year of significant challenges, I am delighted to report that our school has emerged in a robust and confident position.

Our academic results have been remarkable. Our A Level results were the strongest in the area, with 40% of grades at A*.

We have also deepened our financial resilience by growing our free reserve to more than £2.2m.

In partnership with the 1941 Trust, we have demonstrated the transformative and inspirational effect of Catholic education in the present and have reinforced our ability to continue to deliver this outstanding and extensive education in the future.

Our Catholic life has flourished throughout the year, with weekly Masses, themed assemblies, our annual Feast Day and Carol Service at Ealing Abbey and the joyful commissioning of new Eucharistic Ministers—including students, a testament to the living faith of our young people.

It has been a year of outstanding academic achievement. Our outgoing Year 13s celebrated excellent results: 40% of A Level grades at A and 98% A to C. 67% of GCSEs were Grade 7 or above. These achievements were not merely numbers, but the result of dedication—of pupils who worked tirelessly and staff who gave so much of themselves. Our curriculum expanded with additional robotics qualifications in Key Stage 3, and the launch of a one-year GCSE Statistics course in year 9. University destinations continue to be strong with leavers going to a variety of Russell Group Universities including Exeter, Durham, Leeds,

Manchester, and University College London (UCL).

In November 2024 we were inspected by the Independent School Inspectorate (ISI) and met all standards. Some highlights of the report include:

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

Careers Education has been a particular focus during the year, with pupils exploring careers links in specific subjects, as well as careers lessons in form time and visiting speakers. We held our Careers Fair in February 2025 - bringing students together with alumnae, parents and governors across a variety of careers and industries. Our key-note speaker was the distinguished broadcaster and author Clare Balding who gave an exceptionally well-received speech on her career journey, lessons learned and advice to our young people.

Our students’ achievements in drama, music, and sport were a source of pride throughout the year, and the breadth of enrichment opportunities spoke to the holistic education we strive to provide. Our Senior School show, The Addams Family, was a huge success across three nights at Questors theatre in Ealing and demonstrated the depth of dramatic and musical talent in our student population. The number of Saturday fixtures increased during the year, often involving participation of up to 100 pupils. Other highlights included our U12 tag rugby team finishing 3rd at the London Youth Games, and the inter girls' athletics team also securing 3rd place at the regional finals.

The Eco Committee’s Green Flag award and the success of our recycling and active travel programmes reflected a growing commitment to stewardship and sustainability. Our astro-turf is utilised throughout the year by community sports clubs, and holiday camps run during the school holidays, open to children from ages 3-11.

We have continued to develop our Priory Farm in terms of provision, curriculum development within the school and community outreach with local schools. Our Farm Manager course continues to grow in popularity, with pupils taking increasing responsibility for animal management both in term time and during the holidays. This year saw one of the schoolbred ewes achieve a third place in class at the prestigious Bucks County Show.

Pastoral care remained at the heart of our work. We continued to benefit from our full-time Mental Health Lead, alongside our pastoral team, allowing us to respond swiftly and compassionately to the needs of our pupils. New initiatives in wellbeing, inclusion, and charitable action such as the MIND tuck shop and World Mental Health Day walk were led and organised by our sixth form. Their proactive response to issues in today’s society remind us that academic success is inseparable from emotional and spiritual growth.

OBJECTS, PURPOSE AND ETHOS

The Charity’s objective as set out in the Section 3 of the Memorandum of Association is the advancement of education in the Roman Catholic tradition.

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

The principal activity of the Charity in the period under review, continues to be that of providing a complete education for girls, of the highest standard, founded on the Catholic faith.

However, our aspirations go so much further than these dry statements. In 2022 we refreshed our Mission Statement and in so doing defined a new purpose:

“Our girls will change the world.”

This followed lengthy discussions among and between Governors, the senior team, staff, parents, pupils and alumnae to tease out the essence of what the school stands for and what it strives to achieve for the community which it serves and of which it is a part.

From these discussions came a series of supporting bullet points designed to expand on that core purpose and guide the community in its activities and decision-making:

These statements inform what we teach, how we teach it, how we nurture and inspire all those who join us and how we identify the supporting resources, human, physical and financial, which are needed to deliver on this ambitious goal. We give our girls the courage to be ambitious and compassionate, and we provide a secure, happy and nurturing community in which they can explore all the above and pursue excellence in their academic endeavours. We continue to focus on supporting all pupils to be the best version of themselves. We aim to instil in them the emotional freedom to grow intellectually and spiritually and to understand the truth about themselves, others and our complex world.

STRATEGIC REVIEW

Against these established and emerging objectives, the School is pleased to report the following achievements.

Academic Excellence

St Augustine’s welcomes a wide range of pupils of varying abilities, reflecting the mission of the school in seeing each person as an individual. Our outstanding results at A Level and at GCSE, reflect the tremendous efforts of both pupils and teachers. Not only did we celebrate pupils who achieved outstanding grades at the very top, but we also highlighted the success of all of our pupils who achieved to the very best of their ability.

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

A Level results GCSE results
40% A* 42% 9-8
65% A*-A 67% 9-7
98% A*-C 79% 9-6

A Level . A Level pupils produced an outstanding set of results, with 98% of all grades at A-C. 92% of pupils secured a place at a Russell Group University, a tremendous achievement. 100% A/A outcomes were achieved in Japanese, Biology, Chemistry, RS, Russian, Computing, and Drama. The School’s Mary Tredway scholars each achieved three A with a number of other pupils achieving all A/A in their respective subjects.

GCSE . The academic outcomes for pupils at GCSE were very strong with outstanding performances across the board. SEN, AGT and EAL pupils achieved excellent value-added scores with the overall average added value being 0.89 - a fine outcome for the pupils and a just reflection of the efforts of their teachers in supporting this year group. There were several exceptional departmental performances with Drama achieving an incredible 92% of grades at 9-8. In History, Biology, RS and Spanish pupils did extremely well with over 80% of pupils achieving grades 9-7 in each subject A number of gifted and talented Mathematicians in Year 9 were given the opportunity to complete a GCSE Statistics course in one year. The group did incredibly well with 100% of pupils achieving a grade 9-5, and nearly 70% of pupils achieving grade 8. Pupils sitting this exam were competing against pupils in Year 11 who had two years to complete the course; given this background, the pupils’ achievements are outstanding.

Curriculum . Our curriculum is regularly reviewed and updated to incorporate best practices in teaching pedagogy ensuring it is both current and innovative. We balance the core subjects of Mathematics, English, Religious Education and Science with a wide range of foundation subjects such as the humanities, art, drama, music and foreign languages. This commitment to a broad and balanced curriculum runs throughout the whole school with Art, Drama, French, Music, PE and Spanish all taught by subject specialists in the Preps and French now

taught in the Pre-Preps from Reception to Year 2. The qualification offering was broadened this year with the opportunity to study GCSE Statistics in Year 9, enabling stretch for our most able Mathematicians. We are lucky to benefit from an exceptionally talented PE department whose enthusiasm, knowledge and skill in their field emphasises the importance of ‘having a go’, further embedding our focus on fostering a growth mindset learning environment. Most pleasing, 70% of Sixth Form pupils

represented the school at either Netball or Hockey. A strong competitive sporting spirit is evidence in the school, particularly in Netball and Hockey, but pupils benefit from an incredibly diverse curriculum encompassing tag rugby, cricket and football.

Independent Enquiry . In Year 8, all pupils commenced the Higher Project Qualification which is an independent research qualification; it is worth half a GCSE and is the GCSE equivalent of the A Level Extended Project Qualification. The HPQ allows pupils to explore an area of interest to them. They

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

maintain a learning journal, complete a 2,000-word written report and present for 10 minutes, to their cohort, about their area of investigation. Pupils develop their writing skills as well as their critical thinking. It is hugely pleasing that 100% of the pupils entered achieved grades A-C. Topics covered included the view of women in Greek mythology, Dr Walter Freeman’s lobotomies and ‘Was Eve a villain or a hero?’ The course was also taken by Year 9 pupils off timetable who were equally successful in their outcomes. At A Level for the EPQ, results were even more impressive with 100% of pupils achieving A/A. The final projects encompassed a huge variety of topics including the factors that influence eating disorders, whether Louis XIV was a benevolent dictator and why Gorbachev pursued the policy of Perestroika. This year, the Year 8 HPQ group held an event showcase of their work to which parents and Year 7 pupils were invited. It was a tremendous success, really allowing the pupils to show off their work. Year 7 pupils, who have now commenced their HPQ journey, were able to gain an insight of what is required to be successful at this level.

After its inaugural success, we continued to foster academic excellence in the Preps with the EPQ, ‘Extended Project Question’ showcase. The aim of this project is to equip Year 6 pupils with a strong foundation of study skills, confidence, and independence in preparation for their transition to Senior School. Pupils benefited from mentoring by Priory Sixth pupils and presented their work in an end of term showcase. This year, we introduced the iPQ as a companion which enabled pupils to receive a qualification for their project from ISEB. Reflecting on the project aims of Define, Research, Create, Reflect, Present, the girls entered for this

achievement gained 10 Distinction and 2 Merit grades.

Our Year 5 Science Fair was an absolute triumph of young curiosity, creativity and scientific ingenuity, highlighting the importance of science education. It was an impressive showcase of the next generation’s potential to shape our world through their inquisitive minds and innovative ideas.

Languages . Outside of the public examinations, our students continue to have a wide range of opportunities to illustrate their academic excellence. For example, we are proud to be a DELF examination centre, with two of our teachers fully trained as examiners. The DELF, Diplôme d’études en langue française, is an internationally recognised French Language Proficiency Certificate awarded by the French Ministry of Education. Evolving from our very own French ‘Masterclass’ Programme which was officially endorsed by the Institut Français du Royaume-Uni, this prestigious invitation-only course is aimed at very able students allowing Key Stage 2 – Key Stage 5 students to ultimately work towards obtaining DELF diplomas. Our 2024-25 cohort saw 12 students in across the Preps and Seniors successfully obtain DELF qualifications.

“Pupils are confident and highly articulate, understanding and applying the

Augustinian ethos of their mission statement to their daily lives .” (Catholic Schools Inspectorate 2023)

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

Oracy . Following the successes of TED talks and debating competitions in previous years, we continued with our Oracy for Advocacy Project, the Ealing Deanery TED Talk. Pupils from Year 1 to Year 6 were invited to create a talk linked to an aspect of Catholic Social Teaching, with many pupils choosing to explore issues of sustainability linked to Care for Creation. Pupil representatives in the Preps were invited to their Deanery partner school to speak in a noncompetitive semi-final. Two final representatives were then selected from each Deanery school to speak at St Augustine’s for the grand finale. Our participation in this project recognises not only that this is a competition, but also the impact the children make and the change they inspire through their connections with each other.

Pastoral Care

By this everyone will know that you are my disciples, if you have love for one another.” (John 13:35)

It is our central aim that each pupil at St Augustine’s Priory feels known, supported, confident and encouraged to be their best self as part of our education of the whole person. We are named after St Augustine who said that we learn best when we are happy. We see pastoral care and academic life as intertwined.

Values . All staff and pupils have a responsibility for the happiness and well-being of each other, as well as for making St Augustine’s Priory a fully inclusive community. Our values are embedded in everything we do and are the foundation of our excellent pastoral care: love of learning, integrity and truth, freedom of spirit, courage and community guided by the Holy Spirit.

Veritas . Our school motto is Veritas (truth); we don’t have difficult conversations, we have Veritas conversations. Our Mission Statement is that Our girls will change the world, and we have high expectations of each and every pupil. As a Catholic school, we have the fundamental belief that every person is made in the image and likeness of God and therefore has an inherent dignity and inestimable worth. Jesus himself spoke up against injustice and taught the values of the kingdom, emphasising the need for love, justice and unity for all and we seek to instil this in every pupil.

“The pupils’ excellent moral and social development are reflected in a community which is built on kindness and mutual respect .” (Catholic Schools’ Inspectorate, 2023)

Inclusion . Every pupil at St Augustine's Priory is made to feel welcome, regardless of their background, religion, race, sexuality, disability, learning needs or any other protected characteristic. Our ongoing work to promote inclusivity was recognised in both of our recent ISI and CSI inspections where our pastoral care and development of character were judged as “excellent” and “outstanding”. We are

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

now working with Hemisphere, an anti-racism programme that runs on a three-year cycle, and which has already given positive feedback from pupils and staff. We are very proud of this.

Big Sister - Little Sister . The school has many initiatives and strategies running to help us achieve these objectives. One is the Big Sister, Little Sister programme which continues to aid the smooth transition between Preps and Senior school and is led wonderfully by the Deputy Head Girl, Faith Life and Community. The programme has been extended in recent years to enable pupils in the Preps to have their own Big Sisters/Little Sisters as they move between Year 2 and Year 3. In addition, links between Year 11 and Priory 6[th] are being developed to facilitate sharing of experiences during public examinations.

Enrichment . Enrichment opportunities such as the residential trips for Year 5, Year 6 and Year 7 provide an opportunity for whole year groups to go offsite and enjoy activities designed to develop character and teamwork. A cycle of overseas trips is in place with a balanced range of curriculumbased trips for each year group throughout the year. Of particular note this year pupils visited Iceland, First World War Battlefields and this October our Russian students will travel to Georgia.

Pupil Voice . Pupil voice remains strong and is a high priority, ISI inspectors commented that pupils have many opportunities to share their opinion and views . Pupils have been instrumental in supporting staff in developing policies. Safeguarding and Academic Committee members regularly invite pupils to their meetings to hear first-hand about specific issues or initiatives. This year, pupils have given feedback to governors on feeling safe at school and travelling to and from school, pastoral care during transition points, GCSE and A Level preparation and more. The School Council and Inclusion Committee continue their work representing the views of their contemporaries and have fed back to the whole school in assemblies. Pastoral surveys have helped management to prioritise student needs, for example the introduction of conflict resolution training and the timing of Wi-Fi for examination years throughout the school day, as well as important input from our Inclusion Committee about PSHE content and visiting speakers.

Support . Pupils are encouraged to seek support from a trusted adult in times of need. Heads of Year and form tutor teams are proactive in providing help, training and information, for example, in year group assemblies. Our full time Mental Health Lead and School Counsellor is invaluable in providing drop-in and planned support to pupils throughout the school.

Skills. While maintaining its focus on the day to day, the Pastoral Team also refreshes its knowledge and skills regularly with all members undertaking either Youth Mental Health First Aid or Safeguarding Level Three training. The DSL team work collaboratively with colleagues in other local schools and the Ealing Council network group.

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

Farm . Unique in West London our onsite Farm enhances our pastoral support, allowing girls who show a keen interest in animals and the allotment to have time out from the busyness of their studies. We continue to develop this unique resource as another layer of support for those who wish to avail of it.

Cocurricular Adventures

The school’s co-curricular offerings continue to be hugely popular with students. The 2024 ISI inspection noted that pupils benefit from a wide-ranging extra-curricular programme, which extends their knowledge and skills . In 2025, an impressive average of 91% of pupils from Reception to Year 11 are participating in at least one club each week, with a diverse range of interests from cookery to basketball. It's particularly encouraging to see our 6th formers taking the initiative to lead clubs focused on Greek Mythology, Art and Design, Debate and Maths, allowing them to share their passions with younger students. Dynamite, our Cheerleading Squad, added a junior team co-coached by a member of Priory Sixth who has completed her coaching certificates. Both teams performed admirably at the end of

Year competition. Our Senior Squad accumulated enough points throughout their competitions this year to see them crowned LDCA 2025 Champions. A fantastic achievement.

Sports clubs remain the most popular, closely followed by LAMDA and drama activities. This involvement provides a fantastic opportunity for students to stay active and engaged outside of the classroom, helping to refresh both minds and bodies throughout the school day.

Younger students in Preps and Pre-Preps are especially enthusiastic about co-curricular activities, with many clubs being over-subscribed. This year we were delighted to welcome parents to showcases for Prep and Pre-Prep Gymnastics and Musical Theatre. The success of Taskmaster in the Preps has now meant that it will be offered in the Seniors from September 2025.

Pupils continue to embrace the challenge of the Duke of Edinburgh Award, with record numbers completing the bronze and silver programmes. We are now looking into setting up the Gold Award commencing in September 2026.

Music lessons offered by peripatetic teachers are thriving as well, with over 90 individual lessons on various instruments taken by pupils each week. Many students

are preparing for grade exams, while others simply enjoy the art of making music, highlighting the joy of creative expression in our school community.

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

Creative Achievement

Drama

The Drama Department continued to provide a rich array of creative opportunities for pupils. In October Year 7 staged a ‘Pilgrims of Hope’ themed showcase of movement to music, in April Year 9 staged Peter Pan, in July Year 8 staged Twelfth Night and King Lear for our annual Shakespeare Festival and Year 6 staged Shakespeare Rocks – all to live audiences. GCSE Drama pupils created high quality original theatre as well as staging scenes from Accidental Death of an Anarchist and The Mousetrap and all pupils achieved 8s or 9s in this externally examined component. Year 12 produced a dynamic devised piece exploring female oppression through a female lens, inspired by Jacques Lecoq, Bertolt Brecht and Stanislavski’s approaches. Design for performance continues to grow in popularity at Key Stage 3 and GCSE Level. GCSE and A-Level Drama pupils participated in workshops with professional theatre practitioners Splendid Productions and Fools and Feathers.

Drama exam results were excellent with 100% A-Level pupils achieving A*, 92% of GCSE pupils achieving 9-8, and 100% Grade 9-6.

All pupils were able to enjoy live professional theatre with Year 7 going to Matilda, Year 8 to Hadestown, Year 9 Les Misérables, Year 10, 11 and 12, Hamilton. Year 12 and 13 saw different versions of Othello, as well as Mrs Warren’s Profession, Oedipus and The Other Place.

Members of our Drama Gifted Pathway enjoyed careers talks on Being a First Assistant Director for film productions, and set design, with our Director-In-Residence.

One hundred and forty-seven LAMDA exams were undertaken, with 75% achieving Distinctions, 19% Merits and 6% Pass. The LAMDA Showcase was a hugely successful house competition, staged at Questors Theatre, with professional casting director Tracey Andrews and, teen actor, Lola CrippsYoung judging and presenting medals to the winners, bringing the Creative Arts industry directly to pupils. After witnessing the talent at the school, representation was offered to two pupils. We also screened a video for the participants and audience featuring St Augustine’s alumnus and professional actor, Tia Watts. We took Year 10 to 12 able, gifted and talented pupils on a tour of Angels Costumes to see costume makers for a vast array of theatre and films, such as Hamilton, Paddington and Indiana Jones, at work. A-Level pupils attended the National Theatre Student Conference, learning first hand from director Alexander Zeldin about the staging of his new play The Other Place.

This year’s Senior School production was The Addams Family School Edition staged at Questors theatre in Ealing. Professional director, Ms Gracewell, led a large cast and crew of over fifty pupils from Years 7 to 12 forming an amazing company. It was a

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

fantastic opportunity for pupils to work in a professional theatre and across year groups. The cast enjoyed learning dances from a professional choreographer, Ms Fauste-Gay. We split the lead roles over the three nights to enable the most pupils to share in the experience.

Music

2024-25 was a busy and successful year for the Music Department. On top of the three termly concerts for ensembles, we continued our series of soloist showcases. We worked with the Drama Department

to deliver two highly successful Cabaret evenings of student and staff performances and the hugely successful Senior School Production of The Addams Family, staged at Questors Theatre in Ealing.

Students from our sister school Sainte Marie joined us again for the annual Carol Service at Ealing Abbey, this time extending their stay to three days. Furthering the partnership, we took some instrumental groups and soloists to Sainte Marie in February to perform in a joint concert there. This was a great success and something we will build on in the future.

Several of our talented music students took part in the Ealing Festival, which returned this year after a post-covid hiatus. The event was a fantastic opportunity for our students to experience music making in a more competitive setting, outside of school, and several won prizes.

We aim to expand the numbers of students taking part in the festival in 2026.

2024 also saw our Prep Choir visit a local nursing home to sing Christmas Carols in December. This was a well-organised event and the students enjoyed taking their music-making outside of the school. This is something we will be repeating next year.

Our results in public exams continue to be excellent. In GCSE, we achieved a superb 67% grade 9-7. Furthermore, our results consistently outperform schools in the national picture.

Art

The Art Department at St Augustine’s Priory continues to provide a vibrant and inclusive environment where creativity is celebrated, nurtured, and developed across all key stages. Our students have explored a diverse range of disciplines this year, including drawing, painting, printmaking, sculpture, fine art textiles, dressmaking, photography, filmmaking, digital manipulation, and 3D design.

With a strong focus on student voice and individual expression, the curriculum encourages critical thinking and personal responses to themes such as identity, sustainability, and global citizenship.

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

Through the study of both classical and contemporary artists, we promote a rich understanding of visual culture, always foregrounding inclusivity and relevance.

In the Michaelmas term, our A-Level and GCSE students took part in a successful trip to Lille, where they visited the Palais des Beaux Arts. Closer to home, students visited Tate Modern and the National Gallery, where they engaged directly with key works, enriching their contextual and analytical understanding.

Our students achieved exceptional results this year. A- Level Fine Art and Graphics students achieved 100% A*, and 46% of our GCSE cohort received grades 9–8, a figure significantly above both national and regional averages.

These outcomes reflect our students’ creativity, ambition, and dedication, as well as the consistent support and high-quality teaching they receive.

As part of our commitment to integrating contemporary practice, we continued to embed digital technology into our curriculum. Students worked with digital drawing tablets and the 3D resin printer, particularly in architectural and design-focused projects, gaining skills aligned with the expectations of top universities and creative industries.

In Key Stage 3, Year 7 students created an outstanding series of animations, maintaining our tradition of introducing time-based media early on in their art journey. They also took part in a cross-curricular project with the RE Department, exploring the Lampedusa Cross and its symbolism. Their reflective and moving visual responses were produced during the summer term and demonstrated thoughtful engagement with both spiritual and artistic concepts.

We were pleased to support the Drama Department in their production of The Addams Family, designing and creating props and set elements that enhanced the visual impact of the performance. We again supported the school’s annual Carol Service, contributing handmade props and visual elements to help bring the event to life.

Our department's co-curricular offer remains strong, with students taking part in a variety of enrichment opportunities. The Junior Art Club, led with support from an older student mentor, has been a fantastic space for creative exploration among younger pupils. The Photography Club and AGT Art Club continued to thrive, offering platforms for students to pursue personal projects, develop technical skills, and work collaboratively.

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

A particular highlight of the year was our Art Summer Showcase, where a curated selection of student artworks was exhibited for parents and peers to enjoy. This event celebrated the diversity, quality, and originality of work produced across year groups and highlighted the strength of the department’s creative culture.

Finally, we are immensely proud of Megan, one of our A- Level students, who was selected for the prestigious Sovereign Art Prize. Megan exhibited her work in Central London, where she successfully sold her painting, marking an extraordinary achievement and professional milestone at this stage of her artistic development.

Sporting Success

Our Physical Education (PE) program has made tremendous strides over the past year, with notable success in both our academic and practical curriculum. Many of our students have excelled within school and beyond, representing us with distinction. As educators, we continually refine our teaching practices, striving to challenge and inspire our students in every lesson.

Last year, we introduced Handball and Lacrosse, which proved hugely popular with our Year 8 students. This expansion has broadened our students' experiences while maintaining a strong focus on our core sports. By teaching game principles across a variety of disciplines, we aim to equip students with transferable skills they can use both on and off the field. While this approach demands dedication and effort, it enriches their educational journey and personal growth. We also strongly emphasise leadership, aligning with the school's mission to nurture well-rounded individuals. Our efforts to strengthen our core sports, particularly Netball and Hockey, have bolstered our competitive standing in the

county. As a school, we believe that "our girls will change the world," and as a department we believe that "Sport can help change lives." A true love for sport and physical activity can enhance life in countless ways, and that is the foundation we are building for each student.

Our students have achieved remarkable success beyond the school grounds. Our U16 and U15 hockey teams both enjoyed strong runs in the London competitions, with the U15s going on to claim a place at the regional championships. In athletics, our Inter Girls team won the regional championships, while two pupils achieved individual success representing their county in Multi Events Athletics. We were also proud to celebrate a number of individual and team achievements across the year, reflecting the hard work, commitment, and passion our students bring to sport.

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

Public Benefit

Not only have governors complied with the duty prescribed in Section 17 of the Charities Act 2011 to have due regard to guidance published by The Charity Commission, including public benefit guidance but the pupils and staff have embraced fundraising for those less fortunate than themselves.

The Catholic Church theme for 2025 is Jubilee, and Pilgrims of Hope. As a school community, we have joined in with this global movement by, for example, organising a staff pilgrimage to Westminster Cathedral, and focusing on this during pupil retreats.

We strived to fulfil the theme in several ways, in reaching out and contributing to the local community and making our abundant facilities available for others to share. For example, we conducted a Christmas present drive for local primary school, St Anselm’s, a whole school initiative led by our Sixth Form. Our Year 12 pupils volunteered at the Ealing Soup Kitchen.

We held termly food drives for the Ealing Foodbank and also raised funds for charities during our annual Charities Week, Carol Service, Feast Day and at the annual Macmillan Coffee Morning.

Throughout the year our outdoor facilities, including the AstroTurf, were used almost every day by local clubs. The Chapel is the focus of retreats by local groups. Indoor and outdoor stages are much enjoyed by drama groups. A French school uses our classrooms and other facilities at weekends; and holiday activity clubs use the school at half terms and in school holidays. Senior members of staff are governors of state schools.

Our Priory Farm is an excellent way in which we can share our facilities with the local community. The farm, which houses goats, sheep, chickens, ducks and guinea pigs is an invaluable source of well-being and also an inspiration for our pupils and those visiting schools who wish to forge links with the curriculum, for example, in science, literature or art. We were delighted to welcome local primary and secondary schools to the Priory Farm during the academic year, including St Gregory’s Nursery and

Reception classes and classes from the Ellen Wilkinson School for Girls, who visited on more than one occasion. This is a programme which we conduct and develop every year.

During the year the school awarded a total of £657,074 (2024: £681,154) in respect of bursaries, scholarships, remissions, discounts etc. This represents some 9.3% (2024: 8.6%) of fee income.

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ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

The school's charitable collections during the year totalled £9,036 (2024: £8,365). This amount was dispersed to charitable institutions including Macmillan Cancer Support, Unicef, Mind, Brass for Africa, Bakhita House, HCPT, Superkind, Great Ormond Street Hospital, Stepping Stones Downs Syndrome, Shelter, Ealing Foodbank, CAFOD and Fundacion Anpuy where we sponsor a child in Argentina.

The Margaret Dormer Scheme, initiated by the school for public benefit, is a designated fund for the provision of scholarships for children from families whose parents would not otherwise be able to afford an independent education. The fund is managed by Evelyn Partners with whom the Finance Committee meet annually. At 31 July 2025 the combined funds stood at a market value of £641,041 (2024: £612,152).

FINANCIAL REVIEW

Financial Position

The Financial Position of the school remains robust with cash reserves of £3,692,565 at the end of the year and an increase in our free reserves to £2,208,069 at 31[st] July 2025.

2024-2025 net income has been disproportionately impacted by the Governors’ decision to discontinue the legacy Atrium construction project. The project’s implementation was delayed by Covid-19, and it has not progressed beyond the planning phase. Following a formal review and an assessment of the needs of the school and local community, the Governors have decided to dispose of the assets under construction, with a resulting loss on disposal of £669k.

The net surplus for the year before redundancy costs, interest, tax, loss on disposal of assets under construction, depreciation and amortisation was a small loss of £59,627. With these items included, the final net loss was £879,301 (2024: surplus of £81,085). We saw an unrealised gain on investments of £45,818 (2024: unrealised gain £48,720).

Total incoming resources decreased by approximately 4.75% from £8,213,936 to £7,738,184 a result of a reduction in pupil numbers and a 3% fee reduction following the imposition of VAT on school fees from January 2025. Total resources expended, excluding the loss on disposal of assets under construction, decreased by approximately 2.28% from £8,181,571 to £7,994,764.

Net current assets at the year-end were £2,323,129 (2024: £2,998,798). Again, this figure is significantly impacted by the disposal of assets under construction relating to the discontinued Atrium project.

Financial Key Performance Indicators (KPIs)

Incoming resources per pupil: £21,200 (2024: £19,236). Wages cost per pupil: £15,186(2023: £13,293).

Principal funding sources

Page 15

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

The principal funding source of the school's charitable activities continues to be tuition fees and extras. The School is not registered with the Fundraising Regulator, does not actively fundraise and has no fundraising activities requiring disclosure under S162A of the Charities Act 2011. There were no complaints received in the year.

Reserves policy

The governors’ target for free reserves for normal educational activities is that the ideal level should be equivalent to approximately three months’ normal expenditure. At the year-end total funds stood at £3,699,171, £409,651 of which is restricted and £3,289,520 unrestricted. Of this £2,208,069 was held in free reserves against a target of £1.7m. Accumulated reserves are earmarked to support the school in some potentially difficult times ahead. The governors recognise the importance of holding excess reserves at this time, given the uncertainty in the wider sector more generally.

Investment policy and objectives

Section 4(5) of the Memorandum of Association authorises the governors to invest the money of the Company in, or on, the security of such stock, funds, shares, securities or other investments of any kind as may be thought fit, but subject to such conditions (if any) and consents (if any) as may be imposed or required by law.

The objective of the school’s investment policy is to ensure the creation of sufficient income and capital growth to enable the school to carry out its purposes consistently year by year with due and proper consideration for future needs and the maintenance of and, if possible, enhancement of the value of the invested funds whilst they are retained.

The investment policy is reviewed annually by the Finance Committee to ensure that it remains compatible with the school’s objects and requirements. The performance of the investment is reviewed regularly and assessed against appropriate industry benchmarks. This year the investment performed well with an unrealised gain of £45,818. Governors were satisfied with the performance which was in line with expectations in a volatile year in the market.

Going Concern to 31 July 2027

The Trustees have assessed the School’s ability to continue as a going concern. In making this assessment the Trustees have considered a range of internal and external factors when forming their conclusions. This information has been collected from a mixture of sources including input from various independent school associations (e.g. ISBA, AGBIS, SOH, GSA) and market commentators (Baines Cutler and RSAcademics). The school has also conducted analysis of its present financial and operational performance and reviewed leading indicators of what this performance might look like in the future.

In the year 2024-25 the school minimised losses from the reduction in School Fees from January 2025 by planned cost reductions, including a limited redundancy process, achieving a small loss of £60k in year 2024-25 following on from a surplus of £220k achieved in year 202324. Reserves have built up over time meaning the Trustees feel that the school’s balance sheet

Page 16

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

is in a good position. The redundancy process was carefully designed to ensure our staffing model aligns with both current and future student numbers.

Looking forward, as with all schools in the independent sector, the school faces a number of political, economic and societal headwinds driven by a range of factors:

The School has taken steps, or is in the process of developing strategies, to address all of these challenges and does so in the knowledge that the strong balance sheet and an absence of debt is a great advantage.

Different options to increase pupil numbers continue to be investigated, modelled and reviewed by governors. The new school website was launched in September 2025, focusing on the appeal to prospective parents and pupils. New courses of study will be introduced in 2025-26. September 2026 will see a return of boys in Preps and Pre-Preps allowing boys currently in Nursery to progress to Reception and beyond.

The school remains a compelling and attractive proposition to pupils and parents. Academic achievement is very similar to the academically selective schools in the area, and the 2025 A Level results were the best in the area. The combination of our pastoral focus, outside space and facilities such as the on-site Astroturf pitch and the farm is unmatched by local competitors and make us a unique offering. The 2023 CSI inspection rated the school as “Outstanding”, and the school met all standards in the 2024 ISI inspection. A significant number of parents availed of our Fees in Advance scheme in June 2024, which represented a statement of their confidence in the school. So there is enduring confidence in the broad educational experience which the school provides.

A reduction in pupil numbers and the uncertainty around the effect of the imposition of VAT are short-term challenges but the strong balance sheet means that the impact on the school’s financial position is not as significant as it might otherwise have been.

Nonetheless the core business model of the school is continually being adjusted to ensure that in following years the school can deliver a surplus in a sustainable way. This will be complemented by close control of the cost base and diversification of income. The School continues thorough financial modelling and forecasting, including a realistic worst case position regarding pupil numbers and costs; and mitigations are planned. Governors have reviewed the results of this work and are satisfied there are no material uncertainties surrounding the ability of the School to continue as a going concern.

Page 17

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

As a result of the School’s proactive approach to financial diversification, marketing, cost control and delivering an excellent educational experience, the Trustees are confident that the School is a going concern and that the accounts should be prepared on this basis.

PRINCIPAL RISKS

The governors recognise their duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The governors continue to review the principal areas of the school's operations to identify risks that could affect the day-to-day operations of the school. For all schools, Safeguarding of pupils is a fundamental risk and we are always vigilant, adopting the attitude that “it could happen here”. The school has an extensive set of policies and procedures designed to manage the risk and Governors are confident in the approach taken.

In the opinion of the governors, the charity has established resources and review systems which, under normal conditions, should allow the risks below to be mitigated to an acceptable level. The governors consider the following to be the additional principal risks on which the charity needs to focus:

Risk Explanation and mitigation
Unfavourable
Political
environment		 The introduction of VAT on independent school fees from January 2025
has created affordability challenges for some parents and is having a
negative effect on pupil numbers across the sector. The extent,
duration and permanency of the impact on pupil numbers is not yet
fully known. The school continues to review the financial impacts to
understand how the school’s operating model may need to change in
response to evolving circumstances whilst maintaining the quality of
academic, pastoral and cocurricular provision.
Economic
challenges
for school
and parents
(cost of living
etc)		 Fees remain competitive with local market. School inspections have
confirmed the quality of the educational experience and our exam
results, added value scores and pastoral performance relative to fees
continue to show value for money. Long term energy contracts are in
place to protect against market volatility. A school wide sustainability
drive continues. Teacher salaries and other benefits have also
increased significantly in recent years, so the school is designing its
operating model to more closely align with pupil numbers.
Social
changes		 London’s demographics are changing, with more people leaving the
city to live elsewhere. In addition, the nationwide birth rate is declining
for the foreseeable future reducing the number of children living in our
catchment area.

Page 18

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

GOVERNANCE, MANAGEMENT AND ADMINISTRATIVE INFORMATION

History and charity status

The school, known as St Augustine's Priory, was established in France in 1634, and moved to Ealing in 1911, establishing itself on the present site in 1914-15. The school was first registered by the Charity Commission on 27 September 1965, and was given its own charity number (307377).

Incorporation

The school's reconstitution as a charitable company was authorised by the Charity Commission by way of a Charity Commission Scheme dated 1 August 2002, case number 238258, sealing 112(s) 02, by which the assets of the school in its unincorporated state were transferred to the newly-formed charitable company, St. Augustine's Priory School Limited.

The affairs of the charitable company are regulated by its Memorandum and Articles of Association. The day-to-day running of the school is carried on in accordance with its Instrument of Government, dated 6 December 2022.

St Augustine’s Priory Trust (‘the 1941 Trust’)

The 1941 Trust (charity number 245367) is a separate entity which owns the land and buildings of St Augustine’s Priory. The school has no formal lease, but has occupied the property rent free since 1915.

During the year the 1941 Trust donated £50,000 (2023: £50,000) towards scholarships. During the year the 1941 Trust gave an additional donation of £200,000 to support the general running of the school.

Trustees, governors and directors

The company’s Articles of Association provide for there being no fewer than six and no more than fourteen governors. They are appointed and retire in accordance with the Articles of Association.

The Articles permit the charitable company to take out indemnity insurance for the governors.

New governors are inducted into the workings of the charity and the school, including board policies and procedures. Governors are also invited to attend relevant external training courses.

Organisational structure

The Board of Governors is legally responsible for the overall direction and control of the school. Day-to-day management is delegated to the Headteacher who is supported by a senior leadership team comprising senior academic and business services staff.

Page 19

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

Remuneration

Remuneration of the Headteacher and Bursar is reviewed by the Board of Governors with advice from an independent consultant. The Finance Committee reviews teaching and support staff remuneration, taking into account factors such as inflation and salaries paid in comparable organisations.

Administrative Details

Registered office St. Augustine’s Priory Hillcrest Road Ealing London W5 2JL

Trustees The trustees who served during the year to 31 July 2025 were: Mr P D'Arcy, Chair (Resigned 31 December 2024) Mr M Bartlett, Chair (Appointed 19 December 2024) Ms M Bowler, (Vice Chair) Mr B Cassidy Mr J Davies Mrs U Henry (Appointed 1 September 2025) Ms C Jeffries (Appointed 1 April 2025) Mrs J Job Mr M Kendall Dr B Marino Ms T McPhee Ms L Pepper (Appointed 3 April 2025) Mrs A Sparks Company registered number 04482913

Charity registered number 1097781 Company Secretary and Clerk to the Governors Mr J Lacken

Headteacher Mrs C Macallister

Page 20

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

Independent auditor Crowe U.K. LLP Statutory Auditor 55 Ludgate Hill London EC4M 7JW

Bankers Barclays Bank Plc Acorn House 36-38 Park Royal Road London NW10 7JA

Solicitors Veale Wasbrough Vizards Orchard Court Orchard Lane Bristol BS1 5WS

Statement of Trustees' responsibilities

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

Page 21

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT OF THE TRUSTEES OF ST AUGUSTINE’S PRIORY SCHOOL LIMITED FOR THE YEAR ENDED 31 JULY 2025

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

Disclosure of information to auditor

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

so far as that Trustee is aware, there is no relevant audit information of which the charity's auditor is unaware, and

Auditor

The auditor, Crowe U.K. LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

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

Date: 27[th] November 2025

Matthew Bartlett, Chair of Governors

Page 22

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

Opinion

We have audited the financial statements of St Augustine’s Priory School Limited (‘the charitable company’) for the year ended 31 July 2025 which comprise the Statement of financial activities, the Balance Sheet, the Statement of cash flows and notes to the financial statements, including 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 Auditor’s 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 UK, including the FRC’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 trustee's 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 trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information

Pa g e 23

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

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 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:

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ 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:

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.

Page 24

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

In preparing the financial statements, the trustees 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 trustees either intend to liquidate the 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.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, including financial reporting legislation and the Charity SORP (FRS 102), and [local] tax regulations. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be necessary to the charitable company’s ability to operate or to avoid a material penalty. Auditing standards limit the required audit procedures to identify noncompliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

Page 25

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

We also considered the opportunities and incentives that may exist within the charitable company for fraud. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the override of controls by management. Our audit procedures to respond to these risks included enquiries of management and the Finance Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing regulatory correspondence with the Charity Commission and other regulators and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Daniel Haines Senior Statutory Auditor for and on behalf of Crowe U.K. LLP Statutory Auditor London

Date: 9 December 2025

Page 26

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

Income from:
Note
Donations
Charitable activities
3
Investments
Other income
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Loss on disposal of fixed assets
9
Total expenditure
Net income before net
gains/(losses)
on investments
Net gains/(losses) on investments
10
Transfers between funds
16
Net income
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds 2025
Unrestricted
funds 2025
£
£
74,500
205,530
-
6,505,393
-
112,303
30,620
809,838		 Total funds
2025
Total funds
2024
£
£
280,030
50,030
6,505,393
7,246,764
112,303
44,515
840,458
872,627
105,020
7,633,064		 7,738,184
8,213,936
-
5,456
109,385
7,879,923
-
668,539		 5,456
5,217
7,989,308
8,176,354
668,539
-
109,385
8,553,918		 8.663,303
8,181,571
(4,265)
(920,854)
-
45,818
(5,815)
5,815		 (925,119)
32,365
45,818
48,720
-
-
(10,080)
(869,221)		 (879,301)
81,085
(10,080)
(869,221)		 (879,301)
81,085
419,731
4,158,741
(10,080)
(869,221)		 4,578,472
4,497.387
(879,301)
81,085
409,651
3,289,520		 3,699,171
4,578,472

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

The notes on pages 30 to 48 form part of these financial statements.

Pa g e 27

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

BALANCE SHEET

AS AT 31 JULY 2025

Note
Fixed assets
Tangible Fixed Assets
9
Investments
10
Current assets
Debtors due within 1 year
11
Cash at bank and in hand
19
Current liabilities
Creditors: amounts falling due within
One year 12
Net current assets
Creditors: amounts falling due after
more than one year 13
Total net assets
Charity funds
Restricted funds 16
Unrestricted funds 16
Total funds		 2025
£
1,081,451
641,041
1,722,492
449,019
3,692,094
4,141,113

(1,817,984)
2,323,129
(346,450)
3,699,171
409,651
3,289,520
3,699,171		 2025
£
1,081,451
641,041		 2024
£
2,012,642
612,152
2,624,794
428,758
4,652,565
5,081,323
(2,082,525)
2,998,798
(1,045,120)
4,578,472
419,731
4,158,741
4,578,472		 2024
£
2,012,642
612,152
3,699,171 4,578,472
409,651
3,289,520		 419,731
4,158,741
3,699,171 4,578,472

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 and signed on their behalf by:

Matthew Bartlett, Chair of Governors Date: 27[th] November 2025

The notes on pages 30 to 48 form part of these financial statements.

Pa g e 28

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2025

Cash flows from operating activities
Net cash used in operating activities (see note 18)
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Reinvested income
Investment funds withdrawn
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
(934,382)
8,983
(46,545)
(3,527)
15,000		 2024
£
2,104,372
9,144
(88,463)
(3,927)
15,000
(26,089) (68,246)
(960,471)
4,652,565
3,692,094
2,036,126
2,616,439
4,652,565

Reduction in cash and cash equivalents relates to the utilisation of £1,028,456 of advance fee payments during the year (see note 14)

The notes on pages 30 to 48 form part of these financial statements

Pa g e 29

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

NOTES TO THE FINANCIAL STATEMENTS

1. General information

St Augustine’s Priory School Limited is constituted as a company limited by guarantee registered in England, No. 04482913, and is registered with the Charity Commission under Charity No. 1097781.

The School’s registered address is Hillcrest Road, Ealing, London, W5 2JL.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Companies Act 2006 and the Charities Statement of Recommended Practice 2019.

Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The School is a Public Benefit Entity registered as a charity in England and Wales and a company limited by guarantee.

Going concern

The Trustees have assessed the School's ability to continue as a going concern. In making this assessment the Trustees have considered several factors when forming their conclusions, including a review of forecasts to July 2027, sensitivity analysis, input from independent school associations and a consideration of key risks.

Looking forward, as with all schools in the independent sector, the school faces a number of political, economic and societal headwinds driven by a range of factors such as the imposition of VAT on school fees, cost of living increases, falling birth rates and the cost of teachers’ pay awards. However, the balance sheet is positive having benefited from many years of annual surpluses. Potential risks to the school's viability are mitigated through a longstanding relationship with the landlord, a reputation for providing an outstanding education at a price which compares well with nearby independent schools, investments in strong teaching staff and a marketing strategy which emphasises the special ethos of an all through Catholic school. The school has fixed price energy contracts to 2029 to insulate itself from the worst effects of the energy crisis. Cost inflation has been addressed in the current year through a 4% fee increase and a range of cost reduction measures. Scenario planning has been conducted and the school is well placed to adjust to ongoing changes to pupil numbers. In addition, the school is seeking to diversify its top line by increasing lettings income.

Having regard to the above the Trustees believe it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Pa g e 30

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

Critical accounting judgements and key sources of estimation uncertainty

In the application of the accounting policies, Trustees are required to make judgement, estimates, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods.

In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets or liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the School’s financial statements.

2.2 Income

Fees receivable and similar income

Fees receivable comprise tuition fees charged

to pupils less scholarships and bursaries. Following recent changes to VAT legislation, tuition fees are now subject to VAT at the applicable rate, and income is recognised net of VAT where relevant. Registration fees are non-refundable and are credited to income when received. Deposits are included as a liability until refunded or, on ceasing to be refundable, are credited to income. Advance fees are credited to income as and when they fall due.

Investment income

Investment income from dividends, bank balances and fixed interest securities is accounted for on an accruals basis.

Donations, legacies, grants and other voluntary incoming resources

Voluntary incoming resources are accounted for as and when entitlement arises, the amount can be reliably quantified and the economic benefit to the School is considered probable.

Voluntary income for the School’s general purposes is accounted for as unrestricted and is credited to the General Reserve. Where the donor or an appeal has imposed trust law restrictions, voluntary income is credited to the relevant restricted fund.

Pa g e 31

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

2.3 Expenditure

Expenditure is allocated to expense headings on a direct cost basis. The irrecoverable element of VAT is included within the item of expense to which it relates. Governance costs comprise the costs of complying with constitutional and statutory requirements.

Expenditure is accrued as soon as a liability is considered probable, discounted to present value for longer-term liabilities. Expenditure attributable to more than one cost category in the SoFA is apportioned to them on the basis of the estimated amount attributable to each activity in the year, either by reference to staff time or the use made of the underlying assets, as appropriate.

Expenditure on raising funds includes all expenditure incurred by the School to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the School's objectives, as well as any associated support costs. Support costs include staff, administration, welfare and premises costs which have not been allocated across charitable activities in the statement of financial activities.

2.4 Grants

Grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the Statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability.

2.5 Advance Fees

Amounts received under the school's Advance Fee Scheme contracts for education not yet utilised to settle school fees are recorded as deferred income and allocated as current liabilities where the education will be provided within 12 months from the reporting date and as long-term liabilities where the education will be provided in subsequent years.

2.6 Tangible fixed assets and depreciation

Assets are capitalised only when their cost of acquisition amounts to £1,000 or more. A full year of depreciation is charged in the first year an asset is acquired.

Depreciation is provided on all tangible fixed assets in use, other than freehold land, at rates and bases calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Pa g e 32

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

The estimated useful lives are as follows:

Motor vehicles - 5 years Furniture, Fixtures and Fittings - 3-10 years Computer equipment - 3 years Building improvements - 3-20 years

Assets under construction are not depreciated until such time as they are brought into use. Once brought into use they are depreciated in line with the above estimated useful lives.

2.6 Investments

Listed investments are stated at market value. The SoFA includes unrealised gains and losses arising from the revaluation of the investment portfolio in the year.

2.7 Financial instruments

Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised with the exception of investments which are held at fair value. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes and provisions.

2.8 Pensions

Retirement benefits to employees of the School are provided through 2 pension schemes, 1 defined benefit and 1 defined contribution scheme. The pension costs charged in the Statement of Financial Activities are determined as follows:

The Teachers' Pension Scheme - This scheme is a multi-employer pension scheme. It is not possible to identify the School's share of the underlying assets and liabilities of the Teachers' Pension Scheme on a consistent and reasonable basis and therefore, the School as required by FRS102, accounts for the scheme as if it were a defined contribution scheme. The School's contributions, which are in accordance with the recommendations of the Government Actuary, are charged in the period in which the salaries to which they relate are payable.

The School operates a defined contribution pension scheme and the pension charge represents the amounts payable by the School to the fund in respect of the year.

2.10 Fund accounting

The charitable trust funds of the School are accounted for as unrestricted or restricted income, in accordance with the terms of trust imposed by the donors or any appeal to which they may have responded.

Pa g e 33

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

Unrestricted income belongs to the School’s corporate reserves, spendable at the discretion of the Governors to further the School’s Objects. Where the Governors decide to set aside any part of these funds to be used in future for some specific purpose, this is accounted for by transfer to the appropriate designated fund.

Restricted income comprises gifts, legacies and grants where there is no capital retention obligation or power but only a trust law restriction to some specific purpose intended by the donor.

3. Charitable activities - Fees receivable

3. Charitable activities - Fees receivable
2025 2024
£ £
School fees 7,097,466 7,862,919
Less: bursaries, scholarships and allowances (657,073) (681,154)
Add back scholarships paid for by restricted funds 65,000 65,000
Net fee income 6,505,393 7,246,765

4. Other income

Additional tuition and activity fees
St Augustine's Priory Association
Entrance and registration fees
Commissions and other income		 Restricted
funds 2025
Unrestricted
funds 2025
£
£
-
611,138
6,042
-
-
17,861
24,578
180,839		 Total
funds
2025
Total funds
2024
£
£
611,138
649,873
6,042
7,600
17,861
19,760
205,417
195,394
840,458
872.627
30,620
809,838

Pa g e 34

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

5. Expenditure on raising funds

Fundraising expenses

Financing costs .

Unrestricted Total Total
funds Funds Funds
2025 2025 2024
£ £ £
5,456 5,456 5,217

6. Analysis of expenditure on charitable activities

Summary by fund type

Education
Support costs
Welfare
Premises
Total 2025
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
Total
2025
£
£
£
109,385
5,202,745
5,312,130
-
1,700,744
1,700,744
-
41,448
41,448
-
934,986
934,986
Total
2024
£
5,532,336
1,696,971
41,025
906,022
109,385
7,879,923
7,989,308
8,176,354
79,610
8,096,744
8,176,354

Pa g e 35

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

Analysis of expenditure on charitable activities (continued)

Summary by expenditure type

Education
Support costs
Welfare
Premises
Total 2024		 Staff costs
2025
Depreciation
2025
Other costs
2025
Total
2025
Total
2024
£
£
£
£
£
4,513,294
-
798,836
5,312,130
5,532,336
858,763
15,607
826,374
1,700,744
1,696,971
37,139
-
4,309
41,448
41,025
133,643
207,411
593,932
934,986
906,022		 Staff costs
2025
Depreciation
2025
Other costs
2025
Total
2025
Total
2024
£
£
£
£
£
4,513,294
-
798,836
5,312,130
5,532,336
858,763
15,607
826,374
1,700,744
1,696,971
37,139
-
4,309
41,448
41,025
133,643
207,411
593,932
934,986
906,022
5,542,839
223,018
2,223,451
7,989,308		 8,176,354
5,633,406
228,326
2,314,622
8,176,354

Within total expenditure are governance costs of £60,841 (2024: £41,709).

7. Auditor's remuneration

2025 2024
£ £
Fees payable to the School's auditor for the audit of the School's annual
accounts 23,600 22,500
Fees payable to the School's auditor in respect of:
All assurance services not included above 3,675 3,500

8. Staff costs

Staff costs
2025 2024
£ £
Wages and salaries 4,261,649 4,325,498
Social security costs 478,116 478,566
Contribution to defined contribution pension schemes 803,074 829,342
5,542,839 5,633,406

During the year, the charity incurred redundancy costs totalling £82,710 (2024: £Nil). These costs relate to the termination of employment contracts following a cost reduction and staffing review in the year. This includes unpaid amounts at year end totalling £61,770 (2024: £Nil) which are included within liabilities on the balance sheet.

Pa g e 36

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

The charity’s accounting policy is to recognise redundancy and termination payments as an expense in the period in which the obligation arises, in accordance with FRS 102.

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

Teaching
Educational support
Premises
Welfare
Management and administration		 2025
2024
No.
No.
60
63
19
19
4
4
2
2
19
18
104
106

8. Staff costs (continued)

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

2025 2024
No. No.
£60,001 - £70,000 10 13
£70,001 - £80,000 4 2
£80,001 - £90,000 2 1
£120,001 - £130,000 1 1

The key management personnel are the members of the senior leadership team as described on page 18. Employee benefits paid to this group amounted to £844,186 (2024: £800,891).

Of those shown in the bandings above, 7 were members of the Teachers' Pension Scheme (2024: 12), None were members of the Scottish Widows Pension Scheme (2024: 4) and 10 were members of the Royal London Pension Scheme (2024: 1). Employer’s contributions to Pension schemes in respect of these employees during the year were £259,497 (2024: £264,220).

The governors received no remuneration during the current or prior year. Travel expenses reimbursed to governors during the year amounted to £1,929 (2024: £Nil).

Pa g e 37

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

9. Tangible fixed assets

Motor
vehicles
Fixtures &
fittings
£
£
39,859
469,172
-
37,646
-
(13,346)		 Computer
equipment
£
412,663
8,899
(51,338)		 Building
Improvements
£
2,827,346
-
(754,718)
Total
£
3,749,040
46,545
(819,402)
39,859
493,472
370,224
2,072,628
2,976,183
26,066
445,483
4,925
27,400
-
(13,346)		 390,891
15,607
(51,338)		 873,958
175,086
-		 1,736,398
223,018
(64,684)
30,991
459,537
8,868
33,935
355,160

15,064
1,049,044

1,023,584
1,894,732

1,081,451

Included within building improvements are £Nil (2024: £754,718) of assets under construction which have not been depreciated in the current year. These assets under construction were disposed in the current year, creating a loss on disposal of £668,539.

The land and buildings in which the School operates are owned by the St Augustine's Priory Trust ('the 1941 Trust'). The School has no formal lease, but occupies the property rent free as it has since 1915.

Pa g e 38

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

10. Fixed asset investments

Listed investments £

Cost or valuation
At 1 August 2024
Revaluations
At 31 July 2025
2025
Market Value
£
At 1 August
612,152
Income reinvested
3,527
Investment manager fees and fund charges
(5,456)
Increase in value of investments
45,818
Investment withdrawals
(15,000)
At 31 July
641,041		 612,152
28,889
641,041
2024
£
579,722
3,927
(5,217)
48,720
(15,000)
612,152

The investments (at market value at the year end) are held in the UK and outside of the UK as follows:

2025 2024
£ £
United Kingdom 277,843 316,405
United States of America 173,399 170,975
Others 189,799 124,772
641,041 612,152

Pa g e 39

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

11. Debtors

Debtors
2025 2024
£ £
Fee debtors 101,607 67,836
St Augustine's Priory Trust 50,000 110,000
Other debtors 53,669 31,586
Prepayments 192,744 219,336
Tax recoverable 50,999 -
449,019 428,758

12. Creditors: Amounts falling due within one year

Pupil deposits
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
2024
£
£
573,744
665,833
95,132
147,107
122,931
114,600
9,286
6,532
1,016,891
1,148,453
1,817,984
2,082,525

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

2025 2024
£ £
Deferred income 346,450 1,045,120

Pa g e 40

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

14. Advance fee payments

Parents may pay to the School 9 terms (3 years) of tuition fees in advance. Advance fees are due to be applied as follows:

Within 2 to 3 years
Within 1 year
The movements during the year were as follows:
At 1 August

New contracts during the year
Accounts utilised in payment of fees to the school

Balance at 31 July
15.
Financial instruments
Financial assets
Financial assets measured at amortised cost (a)
Financial assets measured at fair value through the profit and loss account
(c)
Financial liabilities
Financial liabilities measured at amortised cost (b)
2025
£
346,450
697,978
1,044,428

(a) Financial assets include cash, trade and fee debtors, other debtors and accrued income.

(b) Financial liabilities include deposits, fees in advance, trade creditors and other creditors.

(c) Financial assets at fair value through the profit and loss account comprise investments.

Pa g e 41

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

16. Statement of funds

Statement of funds - current year

Unrestricted funds
General Fund
Margaret Dormer
Scheme
Restricted funds
St Augustine’s Priory
Association
St Augustine's
Parents Committee
1941 Trust Scholarships
Margaret Dormer Scheme
Chapel Project
Parents Committee
Total of funds		 Balance at
1August
2024
£
Income
£
Expenditure
£
Transfers
in/out
£
Gains/
(losses)
£
Balance at
31 July 2025
£
4,016,382
7,633,064
(8,553,918)
5,815
45,818
3,147,161
142,359
-
-
-
-
142,359		 Balance at
1August
2024
£
Income
£
Expenditure
£
Transfers
in/out
£
Gains/
(losses)
£
Balance at
31 July 2025
£
4,016,382
7,633,064
(8,553,918)
5,815
45,818
3,147,161
142,359
-
-
-
-
142,359
4,158,741
7,633,064
(8,553,918)
5,815
45,818
3,289,520
92,471
6,042
-
-
-
54,902
24,578
(36,759)
-
-
-
50,000
(50,000)
-
-
265,044
-
(15,000)
-
-
7,314
-
-
-
-
-
24,500
(7,626)
(5,815)
-		 98,513
42,721
-
250,044
7,314
11,059
419,731
105,120
(109,385)
(5,815)		 409,651
4,578,472
7,738,184
(8,663,303)
-
45,818
3,699,171

There was a transfer of £5,815 in the year from the Parents Committee Fund to the General fund, this was spent on the goat shed and fencing which has subsequently been capitalised and the relevant restriction met.

Pa g e 42

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Fund
Margaret Dormer Scheme
Restricted funds
St Augustine's Priory Association
St Augustine's Parents Committee
1941 Trust Scholarships
Margaret Dormer Scheme
Chapel Project
Total of funds		 Balance at
1 August
2023
£
Income
£
Expenditure
£
Gains/
(Losses)
£
Balance at
31 July 2024
£
3,940,932
8,128,691
(8,101,961)
48,720
4,016,382
142,359
-
-
-
142,359		 Balance at
1 August
2023
£
Income
£
Expenditure
£
Gains/
(Losses)
£
Balance at
31 July 2024
£
3,940,932
8,128,691
(8,101,961)
48,720
4,016,382
142,359
-
-
-
142,359
4,083,291
8,182,691
(8,101,961)
48,720
4,158,741
85,231
7,600
(360)
-
40,764
27,645
(13,507)
-
-
50,000
(50,000)
-
280,044
-
(15,000)
-
8,057
-
(743)
-		 92,471
54,902
-
265,044
7,314
414,069
85,245
(79,610)
-		 419,731
4,497,387
8,213,936
(8,181,571)
48,720
4,578,472

Notes to the statement of funds

The St Augustine’s Priory Association (‘The Association’) has been created to nurture friendships in the School community. It is funded by a one off donation of £150 from each family with a daughter joining the School.

The St Augustine's Parents Committee organises events to raise money which is used to fund various items of equipment. Restricted donations of £24,500 were given by this Committee for various items and activities including support for the School Production, Play Equipment for the Preps and various items for the Farm.

During the year a restricted donation of £50,000 was given by the 1941 Trust towards the funding of Scholarships.

The Margaret Dormer Scheme was established in 2008 with the purpose of providing financial assistance to pupils from families who would otherwise be unable to pay fees.

The Chapel Project was set up to provide kneelers and other ornamentation for the Chapel using the theme 'St. Augustine's Priory's Journey of Faith 1634 - present '. Various kneelers have been provided and the sum of £7,314 will be used to fully furnish the chapel with kneelers and wall hangings on this theme.

Pa g e 43

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds 2025
Unrestricted
funds 2025
£
£
-
1,081,451
250,044
390,997
159,607
3,981,506
-
(1,817,984)
-
(346,450)		 Total funds
2025
£
1,081,451
641,041
4,141,113
(1,817,984)
(346,450)
409,651
3,289,520		 3,699,171

Analysis of net assets between funds - prior year

Restricted funds Unrestricted Total funds
2024 funds 2024 2024
£ £ £
Tangible fixed assets - 2,012,642 2,012,642
Fixed asset investments 265,044 347,108 612,152
Current assets 154,687 4,926,636 5,081,323
Creditors due within one year - (2,082,525) (2,082,525)
Creditors due in more than one year - (1,045,120) (1,045,120)
Total 419,731 4,158,741 4,578,472

Pa g e 44

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

18. Reconciliation of net movement in funds to net cash flow from operating activities

18.
Reconciliation of net movement in funds to net cash flow from ope		 r ating activities
Net expenditure/income for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Loss on disposal of tangible fixed assets
Gains on investments
Dividend income
Increase in debtors
(Decrease)/increase in creditors
Net cash provided by/(used in) operating activities
19.
Analysis of cash and cash equivalents
Cash in hand		 2025
2024
£
£
(879,301)
81,085
223,018
228,326
754,718
(45,818)
(48,720)
(3,527)
(3,927)
(20,261)
(22,494)
(963,211)
1,870,101
(934,382)
2,104,371
2025
2024
£
£
3,692,094
4,652,565

20. Analysis of changes in net debt

At 1 August At 31 July
2024 Cash flows 2025
£ £ £
Cash at bank and in hand 4,652,565 (960,471) 3,692,094

Pa g e 45

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

21. Pension scheme

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 £514,568 (2024: £673,610) and at the yearend £Nil (2024 - £Nil) 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%.

Other Pension Payments

The School also contributes to Personal Pension Plans (defined contribution schemes) for 39 (2024: 38) non teachers and 20 (2024: 6) teachers. The regular cost is charged to the income and expenditure account. Contributions paid in the current year were £288,505 (2024: £186,814).

22. Operating lease commitments

At 31 July 2025 the School had commitments to make future minimum lease payments under noncancellable operating leases as follows:

cancellable operating leases as follows:
Computer equipment
Not later than 1 year
Later than 1 year and not later than 5 years		 2025
2024
£
£
43,106
44,359
37,867
80,973
80,973
125,332

Pa g e 46

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

23. Related party transactions

St Augustine's Priory Trust ('the 1941 Trust') owns the land and buildings at St Augustine's Priory. The School has no formal lease but continues to occupy the 1941 Trust's freehold property rent free, as it has since the School was opened on the site in 1915.

Transactions with the 1941 Trust during the year consisted of the following:

Received - School fees - scholarships awarded
Donations received		 2025
2024
£
£
50,000
50,000
200,000
-
250,000
50,000

The children of two key management personnel worked as summer assistants in the grounds at the school, total remuneration was £2,112 and £1,291 respectively. Their rates were determined in line with all other members of staff.

Pa g e 47

ST. AUGUSTINE'S PRIORY SCHOOL LIMITED

(A company limited by guarantee)

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

24. Comparative Statement of Financial Activities

Restricted
funds 2024		 Unrestricted
funds 2024		 Total funds
2024		 Total
2023		 funds
£ £ £ £
Income from:
Donations 50,000
30
5,030		 57,369
Charitable activities -
7,246,764
7,246,764		 7,017,397
Investments 44,515
44,515		 30,558
Other income 35,245
837,382
872,627		 833,579
Total Income 85,245 8,128,691 8,213,936 7,939,173
Expenditure on
Raising Funds 5,217
5,217		 5,079
Charitable activities 79,610
8,096,744
8,176,354		 7,906,542
Total expenditure 79,610 8,101,961 8,181,571 7,911,621
Net income before gains/losses on
investments 5,635
26,731
32,366		 27,552
Net gains/(losses) on investments 48,720
48,720		 6,278
Net income/expenditure 5,635 75,450 81,085 21,274
Net movement in funds 5,635 75,450 81,085 21,274
Reconciliation of Funds:
Total funds brought forward 414,096
4,083,291
4,497,387		 4,476,113
Net movement in funds
5,635
75,451
81,085		 21,274
Total funds carried forward 419,731
4,158,742
4,578,472		 4,497,387

Pa g e 48