2025-08-31-accounts

	Page
Company information	1
Trustees' report (incorporating the Strategic report)	2-12
Independent auditor's report	13-16
Financial statements of the group and the charitable company	17-46

Trustees	Mr T E Fielden (Chairman)
	Mr N J Pearce
	Mr ED Theakston
	Mr J M Gawthorpe
	Mr L France
	Mrs C Attey
	Mrs A Coates
	Mrs J Wood (appointed 4 December 2024)
	Mr P Cramp (appointed 4 December 2024)
	Ms.H Morgan (appointed 26 March 2025)
Secretary	Mrs KS Thompson
Charity No.	1098410
Company No.	4806128
Principal address and Registered Office	Queen Mary's School (Baldersby) Limited
	Baldersby Park
	Topcliffe
	Thirsk
	North Yorkshire
	YO7 3BZ
Key Management Personnel
Head	Mrs F Beadnell (from 1 September 2025)
	Mrs CA M Cameron (until 31 August 2025)
Bursar	Mrs KS Thompson
Auditor	Moore Kingston Smith LLP
	9 Appold Street
	London
	EC2A 2AP
Bankers	Lloyds Corporate and Commercial
	102 Grey Street
	Newcastle upon Tyne
	NE1 6AG
Solicitors	Wrigleys Solicitors LLP
	19 Cookridge Street
	Leeds
	LS2 3AG
Insurance Brokers	Marsh Ltd
	Capital House
	1-5 Perrymount Road
	Haywards Heath
	West Sussex
	RH16 3SY

MrTEFielden	(Chairman)
MrAJFallows	(resigned 9 October 2024)
Mr NJ Pearce
MrED Theakston
Rev'd S Jukes	(resigned 24 November 2025)
Ms N Gunson	(resigned 25 November 2024)
Mr J M Gawthorpe
Mr L France
Mrs C Attey
Mrs A Coates
Mrs J Wood	(appointed 4 December 2024)
Mr P Cramp	(appointed 4 December 2024)
Ms H Morgan	(appointed 26 March 2025)

	Notes	Unrestricted	Restricted	Endowed	Total	Total
		Funds	Funds	Funds	2025	2024
		ε	£	£	£	ε
Income and endowments from:
Charitable Activities
School fees receivable	2	3,659,131			3,659,131	4,164,022
Ancillary trading income	3	563,570			563,570	515,232
Other trading activities
Non-ancillary trading income	4	123.307			123,307	126,568
Investments
Investment income	5	141.102	66,306		207,408	162,187
Bank and other interest	6	459			459	2.248
Other - Grants and donations
Grants and donations	7	1.625	4,695		6,320	8.010
Other incoming resources
TOTAL INCOMING RESOURCES	24	4,489,194	71,001		4,560,195	4,978,267
Expenditure on:
Raising funds	8
Non-ancillary trading		22,511			22.511	51.805
Financing costs	9	5.164			5.164	44.382
TOTAL DEDUCTIBLE COSTS		27,675			27.675	96.187
Charitable Activities
Education and grant making	8	4,907,275			4,907,275	4,937,082
TOTAL EXPENDITURE		4.934.950			4,934,950	5,033,269
Net (losses)/gains on investment assets	14	(107,904)	(73,907)	1,408	(180,403)	472,201
Net income before tax		(553,660)	(2,906)	1,408	(555,158)	417,199
Taxation		10			10	(4,894)
Net income		(553,650)	(2,906)	1.408	(555,148)	412,305
Transfers between funds	24	72,098	(72,098)
Net Movement in funds for the year		(481,552)	(75,004)	1,408	(555,148)	412,305
Fund balances at 1st September		7,049,321	2,463,851	32,481	9,545,653	9,133,348
FUND BALANCES AS AT 31ST AUGUST		6,567,769	2,388,847	33,889	8,990,505	9,545,653

	Notes	Unrestricted	Restricted	Endowed	Total	Total
Income and endowments from:		Funds	Funds	Funds 3	2025 £	2024
Charitable Activities
School fees receivable	2	3,659,131			3,659,131	4,164,022
Ancillary trading income	3	563,570			563,570	515,232
Other trading activities
Non-ancillary trading income	4	58,551			58,551	42,574
Investments
Investment income	5	52,631	66,306		118,937	75,274
Bank and other interest	6
Other- Grants and donations
Grants and donations	7	120,024	14,695		134,719	94,923
Other incoming resources
TOTAL INCOMING RESOURCES	24	4,453,907	81,001		4,534,908	4,892,025
Expenditure on:
Raising funds	8
Non-ancillary trading
Financing costs	9	5.134			5,134	44.305
TOTAL DEDUCTIBLE COSTS		5.134			5,134	44,305
Charitable Activities
Education and grant making	8	4,894,127	10,000		4,904,127	7,934,682
TOTAL EXPENDITURE		4,899,261	10,000		4,909,261	7,978,987
Net (losses)/gains on investment assets	14,15	(9,430)	(73,907)	1,408	(81,929)	226,348
Net (expenditure)/income		(454,784)	(2,906)	1,408	(456,282)	(2,860,614)
Transfers between funds)	24	72,098	(72,098)
Net Movement in funds for the year		(382,686)	(75,004)	1,408	(456,282)	(2,860,614)
Fund balances at 1st September		3,776,808	2,463,851	32,481	6,273,140	9,133,754
FUND BALANCES AS AT 31ST AUGUST		3,394,122	2,388,847	33,889	5,816,858	6,273,140

	Note	Group		Charity
		2025	2024	2025	2024
		ε	£	3	£
FIXED ASSETS
Tangible assets	13	3,250,342	3,539,935	3,250,342	3,539,935
Investments	14	5,830,983	6,021,386	2,693,604	2,775,533
Investment in subsidiaries				2	2
		9,081,325	9,561,321	5,943,948	6,315,470
CURRENT ASSETS
Stock		36,066	43.233	36,066	43.233
Debtors	15	1,228,787	1,178.438	1,265,535	1,203,241
Cash at bank and in hand		1,351,967	1,582,713	1,273,079	1,515,381
		2,616,820	2,804,384	2,574,680	2,761,855
CURRENT LIABILITIES
Creditors payable within one year	16	(2,458,984)	(2,180,608)	(2,453,114)	(2,164,741)
NET CURRENT ASSETS		157,836	623,776	121,566	597,114
TOTAL ASSETS LESS CURRENT LIABILITIES		9,239,161	10,185,097	6,065,514	6,912,584
LONG TERM LIABILITIES
Creditors payable after one year	17	(248,556)	(639,344)	(248,556)	(639,344)
Provisions for liabilities
TOTAL NET ASSETS
EXCLUDING PENSION		8,990,605	9,545,753	5,816,958	6,273,240
ASSET/(LIABILITY)
NET ASSETS		8,990,605	9,545,753	5,816,958	6,273,240
REPRESENTED BY:
CALLED UP SHARE CAPITAL	21	100	100	100	100
ENDOWED FUNDS	24,25	33,889	32,481	33,889	32.481
RESTRICTED FUNDS	24.25	2,388,847	2,463,851	2,388,847	2,463,851
UNRESTRICTED FUNDs
General reserve	24,25	6,567,769	7,049,321	3,394,122	3,776,808
		8,990,605	9,545,753	5,816,958	6,273,240

		2025	2024
	Notes	£'000	£'000
Cash flows from operating activities:
Net cash used in operating activities	28	(571,675)	(159,472)
Cash flows from investing activities:
Dividends, interest and rents from investments		207,867	162,250
Purchase of property, plant and equipment		(52,298)	(163,713)
VAT reclaimed under Capital Goods Scheme		175,360
Purchase of investments			(2,240,000)
Withdrawals from investments		10,000
Net cash provided by (used in) investing activities		340,929	(2,241,463)
Cash flows from financing activities:
Repayments of borrowing			(116,305)
Fees in advance - new contracts			1.197.211
Net cash provided by (used in) financing activities			1,080,906
Change in cash and cash equivalents in the year		(230,746)	(1,320,029)
Cash and cash equivalents at the beginning of the year		1,582,713	2,902,742
Cash and cash equivalents at the end of the year	29	1,351,967	1,582,713

		2025	2024
			£
	The school fees income comprises
	Gross fees	4,378,396	4,764,627
	Less: Total scholarships, bursaries, etc	(719,265)	(600,605)
	Add back: Scholarships, Grants etc paid for by Restricted		25,639
	Funds
		3,659,131	4,189,661
	*This has been presented as transfer between funds in 2025 - see note 24
	Scholarships, bursaries and other awards were paid to 99 pupils (2024: 111 pupils). Within this,
	means-tested bursaries totalling £356,830 were paid to 27 pupils	(2024: £338,417 to 32 pupils)
3.	CHARITABLE ACTIVITIES -ANCILLARY TRADING INCOMЕ
		2025	2024
	Extras	266,798	217.216
	Entrance fees and registration fees	6,020	5,350
	Pupil transport	35,853	42,906
	Rent receivable and related income		13,875
	Commissions and related income		172
	Sundry other income	254,899	235,713
		563,570	515,232
4.	ОТНER TRADING ACTIVITIES
	Group	2025	2024
		£	£
	Non-ancillary trading income Woodard Lettings Enterprise company trading turnover	74,756	93,994
	Lettings income	34,000	30,504
	Interest receivable - pupil bills	8,294	1,750
	Other non-ancillary trading income	6,257	320
		123,307	126,568
	Charity	2025	2024
		ε	£
	Non-ancillary trading income
	Lettings income	34,000	30,504
	Interest receivable - pupil bills	8,294	1,750
	Other non-ancillary trading income	16,257	10,320
		58.551	44,574

5. INVESTMENTS - INVESTMENT INCOME	5. INVESTMENTS - INVESTMENT INCOME	5. INVESTMENTS - INVESTMENT INCOME
Group
	Unrestricted	Restricted	Endowed	Total	Total
				2025	2024
	E	£	£	£	£
Investment income
Equities	141,102	66,306		207,408	162,187
	141,102	66,306		207,408	162,187
Charity
	Unrestricted	Restricted	Endowed	Total	Total
				2025	2024
	£	ε	£	E	ε
Investment income
Equities	52,631	66,306		118,937	75.274
	52,631	66,306		118,937	75,274
6. INVESTMENTS - BANK AND OTHER		INTEREST RECEIVABLE
Group	Unrestricted	Restricted	Endowed	Total	Total
				2025	2024
				£
Bank interest	459			459	2.248
	459			459	2.248

Group
	Unrestricted	Restricted	Endowed	Total	Total
				2025	2024
					£
Other grants and donations	509	4.695		5,204	8,010
Queen Mary's Friends	1,116			1,116
	1,625	4,695		6,320	8,010
Charity
	Unrestricted	Restricted	Endowed	Total	Total
				2025	2024
				£	F
Woodard Lettings Yorkshire Schools Ltd	29.928			29,928
Queen Mary's Foundation	88,471	10,000		98,471	86,913
Queen Mary's Friends	1,116			1,116
Other grants and donations	509	4.695		5,204	8,010
	120,024	14,695		134,719	94.923

-
	Staff	Support	Depreciation	Total	Total
	costs	costs
	(note 10)		(Note 13)	2025	2024
	£	ε		ε	£
Costs of raising funds
Non ancillary trading	20,936	1,575		22,511	51,805
Financing cost (note 9)		5,164		5,164	44,382
Total cost of generating funds	20,936	6,739		27,675	96,187
Charitable expenditure
Teaching	1,988,309	359.296	9,291	2,356,896	2,249,214
Welfare	273.208	515,226		788,434	805,157
Premises	122.271	469.446	157,240	748,957	831.927
School administration	533,662	360,422		894,084	951,037
Governance (note 8d)	10,993	107,911		118,904	86,767
Education and grant making	2,928,443	1,812,301	166,531	4,907,275	4,924,102
Total Expenditure	2,949,379	1,819.040	166,531	4,934,950	5,020,289
Charity
	Staff	Support	Depreciation	Total	Total
	costs	costs
	(note 10)		(Note 13)	2025	2024
	£	£		ε	£
Costs of raising funds
Financing cost		5.134		5,134	44,305
Total cost of generating funds		5.134		5,134	44,305
Charitable expenditure
Teaching	1,988,309	359,296	9.291	2,356,896	2,249,214
Welfare	273,208	515.226		788,434	805,157
Premises	122,271	469.446	157,240	748,957	831.927
School administration	533,662	360,422		894,084	951,037
Donations					3,000,000
Governance (note 8d)	10,993	104,763		115,756	84,367
Education and grant making	2,928,443	1,809,153	166,531	4,904,127	7,921,702
Total Expenditure	2,928,443	1,814,287	166,531	4,909,261	7,966,007

b) Comparative analysis of expenditure
Group
		Staff	Support	Depreciation	Total
		costs	costs
		(Note 10)		(Note 13)	2024
		ε	Σ		£
Costs of raising funds
Non ancillary trading		18.802	33,003		51,805
Financing cost (note 9)			44,382		44,382
Total cost of generating funds		18,802	77,385		96,187
Charitable expenditure
Teaching		1,959,956	269,100	20,158	2,249,214
Welfare		278,281	526,876		805,157
Premises		134,233	516,641	181.053	831,927
School administration		547,337	403,700		957,037
Governance (note 8d)		8.620	78.147		86,767
Education and grant making		2,928,427	1,794,464	201,211	4,924,102
Total Expenditure		2,947,229	1,871,849	201,211	5,020,289
Charity
		Staff	Support	Depreciation	Total
		costs	costs
		(Note 10)		(Note 13)	2024
		£	£		£
Costs of raising funds
Financing cost			44,305		44,305
Total cost of generating funds			44,305		44,305
Charitable expenditure
Teaching		1,959,956	269,100	20,158	2,249,214
Welfare		278,281	526,876		805,157
Premises		134,233	516,641	181,053	831,927
School administration		547.337	403.700		951,037
Donations			3,000,000		3,000,000
Governance (note 8d)		8,620	75,747		84,367
_Education.and.grant.making.	_	2,928,427-	4,792,064	201:211	7,921,702
Total Expenditure		2.928,427	4,836,369	201,211	7,966,007

accommodation, where a claim is made. No governors were reimburs	ed during the year (	024: None).
	2025	2024
		£
Remuneration paid to auditor for audit services	27,194	23,940
Depreciation of tangible fixed assets:
- owned by the charitable company	203,615	201.211
- adjustment to depreciation relating to VAT (see note 13)	(37,084)
Operating lease rentals:
- other assets	52,789	24,019
Reimbursement of personal expenses to governors
d) Governance costs
	2025	2024
	ε	£
Audit fees	27.194	23,940
Accountancy fees	47,986	29,371
Clerk to the Governors	10,993	8,620
Other governance costs	32,731	24,836
	118,904	86,767
9. FINANCING COSTS
Group	2025	2024
	ε	£
Bank interest payable		2,185
Other interest payable		47
Bank charges	3.670	692
Other finance costs	1,494	10.039
Provision for bad and doubtful debts		31,419
	5,164	44,382
Charity	2025	2024
	£	E
Bank interest payable		2,185
Bank charges	3,640	662
Other finance costs	1,494	10,039
Provision for bad and doubtful debts		31,419
	5,134	44,305

10. STAFF COSTS
	2025	2024
	£	£
The aggregate payroll costs for the year were:
Wages and salaries	2,423,189	2,411,395
Social security costs	264,490	223,334
Other pension costs	261,700	312,500
	2,949,379	2,947,229

	2025	2024
	£	£
Aggregate employee benefits of key management personnel	277,673	223,413
The number of higher paid employees whose annual emoluments were
£60,000 or more was:
	2025	2024
	No	No
£60,001 - £70,000
£70,001 - £80,000		1
£80,001 - £90,000	1
£90,001 - £100,000	1

The average number of employees during the y (2024: 87)	ear calculated on a head count basis, was	82
	2025	2024
	No	No
Teaching	43	48
Welfare	8	7
Premises	5	7
Support	25	25
Other activities
	82	87

13. TANGIBLE FIXED ASSETS
Group and charity	Freehold
	Land &	Plant &	Furniture &	Computer
	Buildings Σ	Equipment £	Fittings £	Equipment £		Total £
Cost
At 1st September 2024	5,093,839	195,985	194,447	490,741		5,975,012
Additions	45,553		6,745			52,298
Disposals
Adjustment for VAT	(175,360)					(175,360)
At 318t August 2025	4,964,032	195,985	201,192	490,741		5,851,950
Depreciation
At 1st September 2024	1,580,956	178,224	194.447	481,450		2,435,077
Charge for the year	187.383	6,379	562		9,291	203.615
Disposals
Adjustment for VAT	(37,084)					(37,084)
At 31st August 2025	1,731,255	184,603	195,009	490,741		2,601,608
Net book value at 31st August
2025	3,232,777	11,382	6,183			3,250,342
Net book value at 31st August 2024	3,512,883	17,761	-	-	9,291	3,539,935

	Investments	Investments
	2025	2024
	£	£
Group investments
At 1 September	6,021,386	3,309,185
New money invested		2,240,000
Amounts extracted	(10,000)
Unrealised gains/(losses) on	(180,403)	472,201
investments
Group investments at 31 August	5,830,983	6,021,386
Investments comprise:
Listed investments
Equities	5,830,983	6,021,386
Group investments at 31 August	5,830,983	6,021,386
	Investments
	2025	2024
	ε	£
Charity investments
At 1 September	2,775,533	3,309,185
New money invested		2,240,000
Amounts extracted		(3,000,000)
Unrealised gains/(losses) on	(81,929)	226,348
investments
Listed investments at 31 August	2,693,604	2,775,533
Investment in subsidiaries	2	2
Charity investments at 31 August	2,693,606	2,775,535
Investments comprise:
Listed investments
Equities	2,693,604	2,775,533
	2,693,604	2,775,533
Investment in subsidiaries	2	2
Charity investments at 31 August	2,693,606	2,775,535

Investments which are valued atmore than 5% of the value o	f the portfolio are:
	2025	2024
	ε	£
The CBF Church of England Investment Fund Inc	5,797,095	5,988,905

DEBTORS
	Group		Charity
	2025	2024	2025	2024
	ε	ε	£	£
School fees receivable	1,005,142	1,026,864	1,005,142	1,026,864
Trade debtors	20,996	957
Other debtors	107		107
Prepayments and accrued income	202,364	150,617	202,209	150,617
Amounts due from subsidiary			57,899	25,760
company
Amounts due from ultimate parent	178		178
company
	1,228,787	1,178,438	1,265,535	1,203,241

CREDITORS: amounts falling due w	thin one ye	ar
	Group		Charity
	2025	2024	2025	2024
		£	ε
Bank loan
Deposits from parents	151,544	128,751	151,544	128,751
Fees received from parents in	1,116,223	1,020,806	1,116,223	1,020,806
advance of term
Trade creditors	266.437	223.096	265,239	222,123
Taxation and social security	70,420	56,117	70,420	54,792
VAT	259,840		259,840
Other creditors	6,783	21,841	6.784	21,841
Pension creditor	56,109	38.357	56,109	38.357
Fees in Advance Scheme (note 18)	398,067	557,867	398,067	557,867
Accruals	58.986	82.404	54,311	73.629
Deferred income	74,575	51,369	74,575	46,573
Amounts due to subsidiary			2	2
company
	2,458,984	2,180,608	2,453,114	2,164,741
Summary of movements indeferred	income			£
Balance at 1 September 2024				51.369
Amounts arising in the year				74.575
Amounts transferred to SOFA				(51,369)
Balance at 31 August 2025				74,575

17. CREDITORS: amounts falling due after one year	17. CREDITORS: amounts falling due after one year
	Group		Charity
	2025	2024	2025	2024
	£	£	£	3
Fees in Advance Scheme (note 18)	248,556	639,344	248,556	639,344
	248,556	639,344	248,556	639.344

Parents and others may enter into a contract to pay for	fixed contributions towards pupil tuition fees	fixed contributions towards pupil tuition fees
for a number of years in advance. The money may be returned subject to specific conditions on the
receipt of notice. Assuming pupils remain in the school, fees in advance will be applied as follows:
	2025	2024
	£
Within 2 to 5 years	76,383	274,172
Within 1 to 2 years	172,173	365,172
Due after more than one year	248,556	639,344
Within 1 year	398,067	557,867
	646,623	1,197,211
Summary of movements in liability		£
Balance at 1 September 2024		1,197,211
Amounts transferred to SOFA		(550,588)
New contracts
Balance at 31 August 2025		646,623

The future, minimum commitments under non-	cancellable operating leases are:
	Other
	2025	2024
	Σ	ε
Within 1 year	12,454
Within 1 to 5 years	171,054
After 5 years
	183,508

20. FINANCIAL INSTRUMENTS
	2025	2024
		£
FINANCIAL ASSETS:
Debt instruments at amortised cost
Trade debtors	20,996	957
Other debtors	1,005,320	1,026,864
Accrued income	5,180
Bank and cash	1,351,967	1,582,713
	2,383,463	2,610,534
FV through P&L
Investments	5,830,983	6,021,386
	5,830,983	6,021,386
FINANCIAL LIABILITIES:
Financial liabilities at amortised cost
Trade creditors	266,437	223,096
Other creditors	336,226	293,247
Accruals	58,986	77,829
Borrowings - bank loans
	661,649	594.172
21. SHARE CAPITAL
	2025	2024
	ε	£
Authorised
100 Ordinary Shares of £1 each	100	100
Allotted, called up and fully paid
100 Ordinary Shares of £1 each	100	100

23. ANALYSIS OF NET	ASSETS BETWEEN	FUNDS
Group				Total	Total
	Unrestricted	Restricted	Endowed	2025	2024
	£	£	£	ε	£
Tangible fixed assets	3,250,342			3,250,342	3,539,935
Investments	3,438,372	2,358,722	33,889	5,830,983	6,021,386
Net current	127,611	30,125		157,736	623,676
(liabilities)/assets
Long term liabilities	(248,556)			(248,556)	(639,344)
	6,567,769	2,388,847	33,889	8,990,505	9,545,653
				Total	Total
	Unrestricted	Restricted	Endowed	2024	2023
	ε		£		£
Tangible fixed assets	3,539,935			3,539,935	3,577,433
Investments	3,556,276	2,432,629	32,481	6,021,386	3,309,185
Net current (liabilities)/assets	592,454	31,222		623,676	2,320,028
Long term liabilities	(639,344)			(639,344)	(73,298)
	7,049,321	2,463,851	32,481	9,545,653	9,133,348

Charity								Total	Total
	Unrestricted			Restricted	Endowed			2025	2024
		£		£		£		£	£
Tangible fixed assets	3,250,342						3,250,342		3,539,935
Investments		300,995		2,358,722		33,889		2,693,606	2,775,535
Net current		91,341		30,125				121,466	597,014
(liabilities)/assets
Long term liabilities	(248,556)							(248,556)	(639,344)
	3,394,122		2,388,847			33,889	5,816,858		6,273,140
								Total	Total
	Unrestricted		Restricted		Endowed			2024	2023
		£		ε		£		£	2
Tangible fixed assets	3,539,935						3,539,935.		3,577,433
Investments		310,425	2,432,629			32:481	2,775,535		3,309,187
Net current (liabilities)/assets		565.792		31,222				597,014	2,320,432
Long term liabilities	(639,344)							(639,344)	(73,298)
	3,776,808		2,463,851			32.481	6,273,140		9,133,754
24. SUMMARY OF MOVEMENTS ON FUNDS
Group									At	31
	At. 1 Sept	Incoming		Resources				Gains/	August
	2024	resources		expended		Transfers		(losses)	2025
	ε		£		Σ		£	ε		£
Endowed - Permanent
General reserve	21,976								21,976
Revaluation	10,505							1,408	11,913
Total Endowment	32,481							1,408	33,889
Restricted Funds
Joyce Shaw award fund	2,455,841		66.306			(72,098)		(73,907)	2,376,142
Funds under £10,000	8,010		4,695						12,705
	2,463,851		71,001			(72,098)		(73,907)	2,388,847
Unrestricted Funds
General Reserve	7,049,321	4,489,194		(4,934,940)		72,098		(107,904)	6,567,769
	7,049,321	4,489,194		(4,934,940)		72,098		(1.07,904)	6,567,769
Total Funds	9,545,653	4,560,195		(4,934,940)				(180,403)	8,990,505

Charity
						At 31
	At 1 Sept	Incoming	Resources		Gains/	August
	2024	resources	expended	Transfers	(losses)	2025
	£		f		£	Σ
Endowed - Permanent
General reserve	21,976					21,976
Revaluation	10,505				1,408	11,913
		_ _
Total Endowment	32,481				1,408	33,889
Restricted Funds
Joyce Shaw award fund	2,455,841	66.306		(72,098)	(73,907)	2,376,142
Funds under £10.000	8,010	14,695	(10,000)			12,705
	2,463,851	81,001	(10,000)	(72,098)	(73,907)	2,388,847
Unrestricted Funds
General Reserve	3,776,808	4,453,907	(4,899,261)	72,098	(9,430)	3,394,122
	3,776,808	4,453,907	(4,899,261)	72,098	(9,430)	3,394,122
Total Funds	6,273,140	4,534,908	(4,909,261)		(81,929)	5,816,858

Group						At 31
	At 1 Sept	Incoming	Resources		Gains/	August
	2023	resources	expended	Transfers	(losses)	2024
			£			£
Endowed - Permanent
General reserve	21,976					21,976
Revaluation	7,659				2,846	10,505
Total Endowment	29,635				2,846	32,481
Restricted Funds
Joyce Shaw award fund	2.240.000	48,851	(25,639)		192,629	2.455,841
Boarding fund	50,000		(12,980)	(37,020)
Funds under £10.000		8,010				8,010
	2,290,000	56,861	(38,619)	(37,020)	192,629	2,463,851
Unrestricted Funds
General Reserve	6,813,713	4,947,045	(5,025,183)	37,020	276,726	7,049,321
	6,813,713	4,947,045	(5,025,183)	37,020	276,726	7,049 4 ,321
Total Funds	9,133,348	5,003,906	(5,063,802)		472,201	9,545,653
Charity
						At 31
	At 1 Sept	Incoming	Resources		Gains/	August
	2023	resources	expended	Transfers	(losses)	2024
	ε	ء	Σ		ε
Endowed - Permanent
General reserve	21.976					21.976
Revaluation	7,659				2,846	10,505
Total Endowment	29,635				2,846	32,481
Restricted Funds
Joyce Shaw award fund	2,240,000	48,851	(25,639)		192,629	2,455,841
Boarding fund	50,000		(12,980)	(37,020)
Funds under £10,000		8,010				8,010
	2,290,000	56,861	(38,619)	(37,020)	192,629	2,463,851
Unrestricted Funds
General Reserve	6,814,119	4,860,803	(7,966,007)	37,020	30,873	3,776,808
	6,814,119	4,860,803	(7,966,007)	37,020	30,873	3,776,808
Total Funds	9,133,754	4,917,664	(8,004,626)		226,348	6,273,140

	2025	2024
	£	£
Net (expenditure)/ income for the period (as per the Statement of	(555,158)	417,199
Financial Activities)
Adjustments for
Depreciation charges	166,531	201,211
Losses/ (gains) on investments	180,403	(472,201)
Dividends, interest, and rents from investments	(207,867)	(164,435)
Financing costs		2,185
Tax paid in subsidiary company	(1,315)	(3,569)
Movement in Fees in Advance creditor	(550,588)
Decrease in stocks	7,167	6.463
(Increase)/decrease in debtors	(50,349)	301,408
Increase/(decrease) in creditors	439,501	(447,733)
Net cash provided by (used in) operating activities	571,675	(159,472)
29. ANALYSIS OF CASH AND CASH EQUIVALENTS
	2025	2024
	£	£
Cash in hand and at bank	662,940	438.268
Notice deposits	689,027	1,144,445
Total cash and cash equivalents	1,351,967	1,582,713

	At 1st Sept		At 315t
	2024	Cash flows	Aug 2025
	£	£	£
Cash and cash equivalents
Cash	438,268	224,672	662,940
Notice deposits	1,144,445	(455,418)	689,027
Total	1,582,713	(230,746)	1,351,967

32. Consolidated Statement of	Financial Activities - Comparative	Financial Activities - Comparative	figures by fund	type
Year Ended 31 August	Unrestricted	Restricted	Endowed	Total
2024
	£	£	£	ε
Income and endowments
from Charitable activities
School fees receivable	4,189,661.	(25,639)		4,164,022.
Ancillary trading income	515,232			515,232.
Other trading activities
Non-ancillary trading	126,568			126,568
income
Investments
Investment income	113.336	48,851		162,187
Bank and other interest	2,428			2,428
Voluntary sources
Grants and donations		8,010		8,010
Other incoming resources
Total Incoming Resources	4,947,045	31,222		4,978,267
Expenditure on:
Raising funds
Non ancillary trading	51,805			51,805
Financing costs	44,382	-		44,382
Total Deductible Costs	96.187			96,187
Charitable activities
Education and grant making	4,924,102	12,980		4,937,082
Total resources expended	5,020,289	12,980		5,033,269
Net gains/(losses) on investment assets	276,726	192,629	2,846	472,201
Net income before tax	203,482	-210.871	2,846	417,199
Taxation	(4,894)			(4,894)
Net income/(expenditure)	198,588	210,871	2,846	412,305
Transfers between funds	37,020	(37,020)
Other recognised
gains/(losses)
Pension scheme actuarial
gains/(losses)
Net movement in funds for the year	235.608	173,851	2.846	412,305
Fund balances at 1st September	6,813,713	2,290,000	29,635	9,133,348
Fund Balances at 31st August	7,049,321	2,463,851	32,481	9,545,653