REGISTERED COThIPANY NUMBER: 04517407 (England and Wales) REGISTERtD CHARITY NUMBER: 1102334 ort of th¢ 'frustees alld Unaudited Flnaneial Statetnents for the Year Ended 31 March 2025 for Birkbeck and William Ellis Schools Trust Frederi¢ll at a time of financial stringency, In the opinion of the tLWStees the assets of the charity available and adequate to ￿lfIl its oblKgations, Althougb thete is no fonn&l res￿Ve$ policy in place, the trustees PTmue a policy of due prLLdence and durillg t￿¢ year undertook a review of investment poli¢y in order lo best protect the charity's capital reserves. STRUCTURE, GOVERNANCE AND TrIANAGEMENT Gov¢rning document TELe charity is Gontrolled by ils governing document, a dee(l of tntst, and ConSti￿teS a limited compally, limited by guarantee, as def￿ed by the Companies Act 2006. Reerultment aDd appointment of neTrv trustees Trustoes are appointed by a majority of votes alld in the cas6 OE an equality of votos tkne chairrllall ha8 a second or castiILg vote. The ch&Yity is run by the Admini8tr&tioll Manag¢r on a day lo day basi8.N8w trtistees receive &dequate training and support from the existing trustee8. REFERENCE A]YD èlDMINtSTRATIVE DETAILS Reglstered Company number 045I7407 (Englalld and Wales) Reglster¢d Charity nutnber 1102334 Registered office WiIliam Ellis School Highgate Road Highgate London brw5 IRN Trustees s F C Millar (Chair of Trustees) P H Rowbrey-Evans Infonnation technology m&nager (deceased 28,1.25) O C Harnon Director S Slcipwith co￿uLtant D A Smith Cknarity CEO T B L Sowul& Ftigher Education CollsuLtant J A Mohamed Coll]munity Eng&gemell.t Manager S R IWTrite Educatioll Consultant (appointed 14.10,24) Page 2 Birl(becli and Wllllam Ellls Scliools Trust Drl of the Tru5tee5 ear Ended 31 March 2025 foi. the REFEREL¥CE AND ADMINISTRATIVE DETAILS Independent Examlney S G Duker FCA Freclericks Limited Chartered AGcountan15 106 Charter Avenue llford IG2 7AD Solicitors Stone King Sewell LLP 16 St JoE]ns Lane London ECIM4BS Bankers Natioual Westmill8ter Bank pl 39 M£lsom Streot Bath BAI IDS Thi5 report has been prepared in accordallce with the special provisiofrjs of Part 15 of the Compallies Act 2006 relating to &tnall cornpanies. Approved by Drder of IkL@ board of tnT5tegs on 16 September 2025 and sigtled on its bekalf by,, M5 F C Millar - Trustee Page 3 Inde endent 14 ¥aminer15 Re ort to the Ti'iisleey of Birkbeck and Wllllam Li Ills Scliools Ti'iist Independent examlnor's report to the trustees 0£ Birlibeck alld William Euls Schoo15 Trust ('the CO￿panY') I report to the charity trustees on tny exatnin(1tiOll of tkne &G¢oiints of the Company for the year ellded 31 March 2025. Respon5ibilllle5 and basi8 of report As the charity'5 trusteBS of tELe Cotnpany (and also its directors for the puTroses of company law) you are ie8pollsLble for the preparation of the accounts in accordance with the requirements of Ike Companies Act 2006 ('the 2006 Act,), Having satisfied myself that tIL¢ a¢counts of the Corllpany not required to be auditsd under Part l 6 of the 2006 Act and are ellgible for independent examination, E report In respect o'f my examination of your ctLarity's accoiillts as Garried out under Section l45 of th¢ Cknarities Ast 2011 {'the 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Comtni33iorL under Section 145(5) (b) of the 201 l Act, Independent exanlner's statement I havo completed my examination. I confm that no tnatters have cojne to my attention in connection with the examinatloll giving rne cause to believe., &CCQlllltlng records were not kept tn ie5pect of the Cojnpany as required by Section 386 of the 2006 Act. or the ao¢oullts do rLOt accord with those records,. or the accounts do not comply with the accounting reqiiirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination,. or the accounts have not beem propared in aGcordance with the tnethods and principles of t￿e Statement ot. Reooll]LJended Practice for accounting and reporting by cdarities (applicable to cE]arities preparing thetr accounts in accordall¢e with tbe Financial Reporting Stmdard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have cotne across no other matters in connection wilb the Qxamination to Whic￿ attelltion should be drdwn tn this report in order to enable a proper understanding of tELe accounts to be reached, S G Duker FCA Fredericks Limited Chartered Accountallls 106 Charter Av&nue llford Essex IG2 7AD 16 Septttrlber 2025 Page 4 Birlcbeclc and WilliaIn Elli5 Schools Trust Statemeut of Flnanelal Actlvltles for the Year Ended 31 March 2025 31.3.25 Total runds 31.3.24 Tot funds Unrestricted funds Restricted fLlld Not#s INCOME AND ENDOWMENTS FROM Donations and Legacies tnvestment income 52,272 52,272 49,308 Total 52,273 52,273 49,308 EXPENDITURE ON Cbarltablo activities School costs 85,534 85,534 85,355 Other 16,270 16,270 4,994 Total 101,804 101,804 90,349 Net gains/(losses} on investments (15,359) (15,359) 84,500 NET ￿cOr￿[El(￿xPENDITuRE) (64,890) (64,890) 43,459 RECONCILIATION OF Fuf+fDS Total funds brought fDNiard 1,883,450 1,883,450 1,839,991 TOTAL FUNDS CARRIED FORWAIiD 1,818,560 1,818,560 1,883,450 The notes foLYll part of these f￿ancial statements Page 5 Birlcbeck Willlam E1115 Sehools Trust Balance Sheet 31 Lwlarch 2025 31.3.25 Total funds 31.3.24 Total ftmd8 Ullrestricted fi￿d8 Resiricted nd Notes FIXED ASSETS Investments Invest￿entS Investnlent propety 1,407,471 1,407,471 1,172,830 1,407,471 1,407,471 1,172,830 CURREf+rr ASSKTS Cash at banl< 413,349 413J49 7l2,880 CREDITORS A￿Oi1Thts fallLng due within one year (2,260) (2,260) (2,260) NET CURRENT ASSETS 411,089 411,089 710,620 TOTAL ASSETS LESS CURREI Trrr LIABILITIES 1,818,560 1,818,560 1,883,450 NE'f ASS'ETS 1,818,560 1,818,560 1,883,450 UNDS Unrestrioted funds 1,818,560 1,883,450 TOTAL FUNDS 1,818,560 1,883,450 The charitable conpmy 15 entitled to exemption from audit iindei Section 477 of ttL¢ Cotnpanies AGt 2006 for the year ended 3 l March 2025, The men]bers have ttot required the company lo obtain an audit of its fmallGi&l staternellts for the year ended 31 March 2025 in aGcordanc¢ with Sectloll 476 of tkno Compallies Act 2006. The trustees aGI(nowledg¢ their responsibilities for (a) ensuring tbat the ch&ritable company keeps &ccounting records that comply witlL Sections 386 and 3 87 of the Companies Act 2006 and (b) preparillg f￿all¢la1 statements whickn give a true and fair view of tILe stdte of affairs of the charitable company as at the elld of eackn fLnan¢iaL year and of its surplug or doficit for each fJnan¢ial y¢ar in accordance with the recLuirements of Sections 3 94 &nd 395 and which otherwise cornply with the re(Luir#tnenlB of Ibe Companies Act 2006 relating lo ffftancial 8tat¢nents, so far a8 applicable lo the c￿ltable company. The notes form part of these financial 8tatenLent5 P&ge 6 ¢ontinued,., Blrlibe£li William Elli5 Schools Tr118t Balance Sheet - eontlniied 31 Mareh 2025 These f￿anCIaL statenents have b¢en Prepared ill acGord&nGe with the provisions applicablc to Gharilable companies subject to the small CO￿panio8 regime. The fu]anGial statetllent8 were approved by the Board of Trustees and autELorised for is8ue Oll 16 Soptembei, 2025 &nd were signecl on its behalf by.. F C Millar - Trustee S Skipwith - Trustse Tbe ttoles for￿ part of these fiTr&nctal statements Page 7 Blrlcbecli and Willifim Ellis Sehoo15 Triist Note5 ID the Financial Statemen15 for the Year Ended 31 March 2025 AccouNfING POLICIES Basi5 of preparing the financial statement5 The f￿anGI&1 statements of the charitable company, wliich is a public benefit entity under FRS I02, have been prepared in 3c¢ordan¢e with the Charities SOPP (FRS 102) 'Accounling and Rsporting by CELarities: Ststemeiit of Re¢omtnetLded Practice applicable to charities preparing their &ccounls in a¢cord&nce with the Financial eportillg Standard applic&bl¢ in the UK &nct Republic of Ireland (FRS 102) (effectiye l January 2019),, Financtal Reporting Standard 102 'The Financial Reporting Stalldard applicable in the UK and Republic of Ireland, and the CoEnpanies Act 2006, T￿e f￿ancial statements have been prepared under the historical cost convention, with the exception of invgstrnellts which are illcluded at market value, as modified by the revaluation of certaill assBts, Income All iucome is reoognised in the Statement of Finallcial Aotiviti¢s once tbe charity ELas entitlement to the fi￿ds, it 18 probable th&t the incomè will be received alld the amount can be ni¢asured reliably, Kxpenditure Liabilities are recognised as expenditure as soon as Ibere is a legal or con8tructtvo obligation conunitting the ch&rity to that expendittire, it is probable thal a transfer of e¢ouomic benefits will be required in settlement and the ainount of the obligation c&n be measured reliably. Expellditure is accounted for on an accruals basis and has been cl.assified Ullder headings that aggregate alL cost relaLed to the category. Where costs cannot be directly attributed to particular headings they have been allo¢ated to activities on a basis consistent with the use of resources, Taxation Tbe charity is exempt fro￿ corpor&tiOll lax on its charitable activities. Fiind a¢eounting Unrestricted funds can be used in &ccordance with the charitable objertives at tbe discretion of the trustees, Restricted fitllds can only bg Iisod for particular restrictsd purposes witknin the objects of the clwity. Restrictiolls ise whell speGified by the donor or when funds are raised for pE￿1¢U1ar restiicted purpoges. Further explallatioll of the nature and puryose of each thlld is included in the note8 to f]na￿cial stat&ments. Investments Investments are valued al the year end based iipon the bici priGe at the cl08e of business on that day or fair value if the Lnarl