New Hall School NEW HALL SCHOOL TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 REGISTRATION NUMBER 5472420 IENGLAND AND WALES) CHARITY REGISTRATION NUMBER 1110286 NEW HALL SCHOOL TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Contents Page Reference and Adminlstrative Details Tiustee5' Report Strategic Report Independent Auditor's Report 24 Consolidated Statement of Financial Activitie5 27 Consolidated and Parent Charity Balance Sheet5 28 Consolidated Ca5hflow Statement 29 Principal Accounting Pollcies 31 Notes to the Flnancial Statements 35 NEW HALL SCHOOL TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2025 GOVERNORS, DIRECTORS AND CHARITY TRVSTEES The Govemors of New Hall School are the ch8rity Iruslees under Ihe charity law and Ihe director8 of the charitabl8 comp8ny, for Ihe purp05es of company law. The mèmb81s of the Governing Body ￿ setved ID offlc8 as GoveMor5 during the year and subsequenlty are dÈlai18d below. 141 Calchpole J Cloom MDay R&appoinl8d for aDolher ierm 04112124 K Fardell. Appointed 0110112025 C Fisther K Jeffiey IPrincipall N Khattar P Mallhews Appolnled 0110912025 Y Sullon A WilliaTn5 Resigned 0411212024 P M WI￿0￿ Re)ppoinled for another leim 04112124 P R Wilson" (Chairl 111 Education & StaffirLg Commlll88 121 Finance & General Purpos0$ 131 Nomlnallons Committee 141 Remun8ralion Comtnillee I'"exceptwilh respp¢l io Princlpal's Remuneralionl-, 151 Butsari&s and Scholarships Committee Parenl of sludenl al the School During Ihe year the aclivillÈs of the Governing 8ody wert carried oul through fw8 tommillee5. The M&Mi￿rship of thes commillee5 15 shown above for eath Gov&mor. Page I NEW HALL SCHOOL TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2025 Principal address New Hall Sr*col TheAvenue Boreham Chethslord Essex CM3 3HS Audltor RSM UKAudil LLP fjsl Fk)or,Pl81inum BuildiNJ Sl John's Innov8lKJn Park Cowley Road Cambiidge CB4 ODS Bankgr$ Nalional Weslminslei Bank plc 4-5 High Slreel Chelmsfoid Ess&x CM118L SollcltOY8 Birkells LLP Providence House 141-145 Piinees Street IpsW￿h Suffolk IP1 1QJ Webslte n@whallschool.co.uk Page 2 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2026 The Trustees presenl their sl3lulory report together with the tfjn$olidal8d finanGial slaletnenis ol New Hall SQ￿01 TrLJsI I'NHST'I and its sub5idiaties. New Hall School Enterprise5 Limited I"NHSE'I. a gelleral trading company. and New Hal MultsAcademy TrJsl I'NHMAT"). an exempl charily, which op8rales Messing Prinary School 85 an acaderny. for th8 year ended 31 August 2025. This ieporl ha5 been prepared in accordaDre with the Companie5 A¢t 2008 arKJ conslilule5 a direclors. report for lh8 purposes of company18gislalion. The fiTrancial slalemenls have been prepared In accordan￿ with the 2ccounllng policies sei out on pages 3110 34 of th? 3113ched financi81 slalemenls and comply with the Charities Aci 2011, Ihe Companies Ad 2006. the memor3lld￿m and Ariicles of Association, and Ihp Charbl*s $18lemenl of ReGomm8nded Pi8clice I'Chanlie$ SORP'I. TRUSTEES, REPORT CONsnfunoNAND OBJECTS New Hall School was founded in 1642 by the RelvJK)us Communfty known as 'The Regular Canonesses of the Order of the Holy Sfrpulchre of Oui Lord in Jerus8￿m,. In 1799. the School moved lo its presenl sile of King Henry Vlll's former palace of Beaulieu. In 2005, a new chsrily wa5 formad lo conlinue the work of th8 SL*ool. New H311 School Trust was incorptsrated as a eompally limiled by guar8nl&e on 6 June 2005 (Company Registrallon No. 5472420 (England and W8lesll. On 1 July 2005. NHST wa5 regisler8d wlh the Chaiily Commissv)n (Charity Registration No. 11102861 On 1 August 2005. the activities 2nd n81 assets of Thp Char￿Y ol the Regular CanDnesses ol Ihe Order of the Hoty Sepulchre Df Oui Lord in Jerusalem connecled with the operation of an independenl schoo1 were Iransferred lo this new charilabk company. The ildings, grounds and facilthes ne¢e8sary for Ihe functioning of the school thus forffl the assfrls of NHST. The Sd)ool is governed by 115 Mtrmorandum of A550Gialion and Ariicks of Association lasl amended on 12 March 2025. The School 8ims'. 10 9ive sludenls an exp8rience of life in a Chris118n community-. affitmlng èach in(lividual as a unique pari of God's crealion, 2nd nurturing in each p8rson a sense of dignity and self-worth fosleiillg caring relalitrnships, a sense of team spirrt, and respect for others lo inspire 51udenls lo develop Iheir God-given gifts and lalenls to their fu11 polenlial.. social and emollonal aeslhelic and physical lo p[ov￿e a broad and balanred education, rwled in the SchcK)I's CalholiG foundallon, which is rosponsive lo and supportlV8 ol the needs and aspiralions of the irwjividual.. fostering inlelleGlu81 curiosily, a desiro10 seek trulh, and 8 life-long love of1681ning enabling sludenls lo discover their own strengths and we8knosses, lo frorD 'failures', and lo develop the sell-disclpline and deletminalion lo perseveie. in ordÈrlo pursue Iheirgoa15 in a rapidty changing world 10 Ènab18 staff to be awarp of the values and ViSiDn of the School ¥nd lo give them support and enwuragement lo carry oul their Pfofe5sional duties and responsibili118s in the pursuit ol excellefict, with pride and CDmmilmenl The oblecl ofNHST, as sel out in the MÈmwandum and ArtiGles, is 'lo 8dv8nce the Roman Callm￿*Grellg1On by th8 c¢mducl of Roman c8tly01￿ schools.. The School shares 115 leachiw exp8rt18e arKI olher resourc&s and facililES wilh children in the local and widÈr community who do not allend the School. Educational inilialives include running NHhhAT. through which NHST sponsors a primary acad8my. NHST is a￿0 comrnitled lo operate ils School on the NEM Hall campu5 in Ch81msford, whiGh 15 the sil8 of Ihe magnilKenl former Tudor palace of Beaulieu. The main building is Grade I Ilsled and the historic 3venu8 of Irees is also a I￿ted park and gardÈn. The charity, therefore. h3S 8 commitment lo mainl8in and enhance the hÈrilage buildings and 5elllng ol Naw Hall. not 11181 for the 51udenls bul for the wKler cginrnunily and publi inleresl. Hall is ranke(I by Engltsh Heritage ID the lop 2% of heritage bulldlng8 In Ihe counlry. Page 3 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2026 Yhe ethos of the charity AI NHST, the ethos ￿ in5plred by Ihe founding Reluious Communlly, Th8Canonesses oflhe Order oflhe Holy SepulthrÈ'. IheirbelRfs and values remain 8ssenlial lo the charaderof th& charily loday. The distinclive c21holicelhos of the School has a special ernphas1$ on welcome, communily. prayer and $8niic81o olhers. The rharity. In accordance wilh ils objects, founding Èthos and aims, seek5 10 5UPPOrt sludtnls, 8nd those in the widèr community, In their failh dÈvÈlopm8nl. The charity also lives out Christian belief5 and values Ihroughcernmunitywotk. hospitalily and voluntsryand charitable serwi lo those in need. VTh&n $6tling the objeGlwe5 and planning the work of the chaiity for Iheyear, the Trustees glven fAreful consideration to lh8 Charity Commission's general guidance on public benefit and in p8rticvlar lo rts supplementary guidanGe on th8 advancement of relvJion, advancing education 3lld fee charging. The principal work of the charily during the y&ar was lo i)wn and op8ral8 an independent ￿h0o1 for day and boarding students beiween Ih? ages of 1 and 18. In July 2025, Ihere were 1,359 slud8nls. ofwhom 298 were boardérs. ThÈ disllnclnie diamond mLKlel' school struclure, eslablished from 2006. Is one in which sluden15 are 8durAled in co- educalknnal classe5 from 1.11, in siNJle-$ex classes from 11-16. and in co-educalional d8sse5 al s￿th Form. The School conlifiues lo believe Ihat this model give5 the besl of bolh worlds, with the optirnal combination of singl￿seX and Cfr8dUr￿lIanal leaGhing al appropriale stage5 of students, development. Thi% academic year, New Hall was wnner oflhe Muddy Sti￿*10S, Best Schoo15Awaids for 88sI Experientwl Leaming IM(Klerfi Langtsages learn￿g through Cookery) The School was a150 a finalist for the Independenl SGhoolAssocialio Awards (ISAI Award for OulslaDding Engagement in th8 Community, the Independent Schools of the YearAwards 2024 for International sludenl experEn¢8 and BOard￿g SchoolAs50ciation for 8esl Community Work. The School won the ovèrall TES Independenl SGhool of the Year 2016-17 as WEII as IhÈTES FinanciallCommer¢ial IGre8n Tiavel & Transport Slralegyl Inilialive of Ihe Year. The SGhool was also in the final short1I51s for Governing Body of the Year and Senior Leadership TÈam of the Year Katherine Jeftiey, Principal, was shortlisled for the TES HeadlegGher of the Year Aw¥rd in 2015. The School was on the national shortlisl in 2014, for Ibe TES Indep8ndenl SchoolAward (ISAI for Boarding InStialive ol the Year and for BÈSI Ind8p&nd8nl-Maint8ined School Collaboration lin relalion lo Ihe sponsorship of Messing Primary SGhooll. The School won Ihe Dalronal Independent SchoolsAward (ISAI. 2011, for Oulslanding Strategic Inilialwe, for the excel￿nCe of Ihis development Inlllalive and the consequÈnl successful expansion and improvement of the School. In 2024, Ihe Sfjhool was inspected under Ibe new ISI framework. The ISI no longer gives single-word I￿gementS, bul instead looks al whÈlh&r ils standards have been m81 and provides commeniary lo support ils fiDding5. This new slyle of inspect￿n places pupil extErEnce and outcom68, along wlh 5Ghool culture, al Ihe heart of Ihe report and provides a rigorous and delailedjvdgemenl of the school, cenlred around the leslimony of Ihestudenls and par&nl8. New Hall Scho was found lo have mel the standards in all areas and il 15 a pariicularhonourth8t ourNew H211 Voluntary Service has b88n k1enlified s 'suDifiGanl str8nglh'. This is the hwhesl accolade of the new slruclure and for inspectors lo attribute this. any suth strength must rasull in ¢￿ar, demonslrabk and highly beneficial imp¥GI for Ghildren. NHST prov￿e$ the CalholiG independent school provision for senlor school aged boys in th8 Olocese of Brenlwood. AIMS. OBJECTIVES ANDACTIVITIES Incorporating feedbaGk from $lud8nls, staff and governors th& Mlssion and Ethos St¥l&￿nI of the School is as lollows'.- New H911, a Catholic b02rding and day sGhool. provld83 the bÈst start In life, enabling students lo rnEel confidÈnlty Ihe challenge5 of the Wk1er worfd. H8re academlc gxcellpnc& Is achieved in surrounding$ where relallonships are based on car8, trust and respect. We welcome sluden15 frorn many tradilions, building a Christian communlty Ihal h85 al 115 hegrt pray8r and servlce to olhet5. PaBe 4 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 StrategicAlms of Mèw Hall Scheol 111 To promote the CalholiG life of the School and provide oulslanding Religious Educat￿￿ 121 To be an outstanding 8n(I caring educator of 811 students 131 Tc recruit, support and d&velop oulsl8nding siaff 141 To provide oulslanding learning opportunllies through Ihe co-curri¢ulum 151 To promo18 New Hall's repul81￿n as a dislincliwe school of GhoiGe 161 To shaf8 our eth05. glow and innovate 171 To ensure the on-going securily of Ihe School's financlal future, and ensure aHordabilily ol fees, whik continuing lo invest in improving the qualily of educatio GovErnlng Body De18i15 ofTru51ees Iwho are also Governors of the School), including those who served during the yÈar and those in office al the d8le Ihe flnancial $181emenls were svjned, a18 listed in Ihp 'referènce and admini5trainfe delai18" on page 101 Ihls report Governors wilh children allending the School are on the sam8 commercial lerrn5 8$ other parents. Al ally one tSme there must be a Minitnum of six Governors, whilst Ihe maximum nufflber permilled is 13. New Govetnors 8re appointed by Ihe full Governing Body following recommendations from thé Nomin81ions ComtDilleÈ of GovÈrnors. A majorily ol Ihe Governors musl be Calholic. One third of the Govemors musl retire each yeai. RelirSng Governors shall be elrgible for re-appoinlfflenl for consecutive years not exceeding in aggreg31e 9 years Irom the dale of their original appoinimenl unless the Governors consider Ihal il would be in Ihe bfrsl inleresls ol NHST lor a part￿ular appointed Governor lo continue10 serve beyond th& end of theirThird T8rm. R8crultm&nt and tralnlng of Governors The Charily's Governor8 81e appoinled at a meeling of the Board of Goveinot5. following a s&leclion process arKJ reGotnmendation from Ihe Nominations Commillee. The Govern1ng Body requires breadth and depth of experience lo carry out ils du118s effectively Vvhen recruilillg new Governor8, the Nominations Commillee takes into ¢on$￿eratIon èlkjlbiliiy, personal compelencÈ, sp&cialisl skills, ￿PresenIalI0n of the diversity ol Ihe School GorTrmunily and lo￿1 N8w Govemors are inducled Into the workirys of the School, including the provision of key information covering Board policy, School elh95 and finanraal inforrnalion. All Governor5 are encouraged lo allend IrainiDg touises and workshops run by speaalisl s¢h(M)l organisallons. Charlty Governance Code The Governors are aware of the Charity Governanc& Code pvbllshed in 2018 and refreS￿d in 2025, whKh sels out the principles and recommended piactice for good goveinance within th8 8eclor. The Govemors are s31vsfied that the Charity applies thè piinciples of the code within ils current govÈinanc8 ariangements and r8Vi8WS 11s performanc& annually lo ensure praclrce remains curienl. Fundralslng The majorily of the School's incomÈ Is from School fee5 3nd olhsr 8ssoLyaled inGOmÈ NHST has not engaged with third parties lo raise funds aDd any direct appioa¢h lo mÈmb81s of the pU￿1c for funding has been limited lo paienls of pupils 8nd 81umni, and Is financi211y InsvJnific8nl. NHST'S &th08 applies equalty lo fundraising activity. including pdicies regarding proteclion of vulnerable indwiduals. inttusion of privaGy or pressurÈ lo donate. NHST Is r89islered wilh Ihe Fundraising Regulator. No complaints have been reTrivÈd in relation lo our fundraising aclivilies. Organi¥ational management of the group ew Hall School TrLJsI has Iwo sub5idi3r￿s, Hall School Enleiprises Limited I'NHSE") (Company Reg￿liatIon r4J. 3521688, England and Wales). a company carrying out general trading aclrrflllÈS. and New Hall Mulli Acad8my Trust I"NHMAT I (Cornpany Regislraiion No. 08643881, England and Wale51. a company Iwriled by guBranl8e and an exernpl charily. which operates Messing Piimary School as an academy NHMAT was incorpor8led on 8 August 2013 and took over Ihe managemènt of Messing Prirnary School when il Gonverted lo academy 51alUS Ofi 1 September 2013. The Governots, as charily Iruslees, maintain overall respon5ibllity for the charity and its sUbs￿lari8S and their assets. During Ihe year, th& Governors determined the general ol NHST with regard5 to Ihè provrJion of edUGat￿n. The Govemors 8ltended a wvje range of School events. Page 5 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Governors èssisied in the manag8menl of the charity via the opÈrallon of five S￿￿¢0mMi11eeS the Education & Staffing Commillèe. the Finance & General Purposes CotnfflillÈa, Ihe Bursaries and Sclolarships Commillee, th8 Nominations CoTnmllleÈ and the Remuner81￿Th CDmmrttee. Remun8ralion policy for all slaff inGluding sènior management pe150nn81 sel by the Board, with the oblecliv& ol providing 8ppropriale iTrTrnlwes lo èncourage en￿an￿d performance and of rewsrding fairly and responsibly individu81 conlribulions lo the SthoDI's SUCC8SS. During the year, the day-Io-d8y management of the chaTily was delegèl*d lo Ihe Piincipal. whowas SUPPOrted by a Senior Leadership & MÈnagementTeam as follows 8s ofAugusl 2025". Prindpal, Governor and Execulive Head &Accounting Officer of New H811 MultiAC￿eMY Tru81 Depuly Pon¢￿al Vice Principal and Ch3ir & DSreclor of New H811 MulliAcademy TtU51 Vice Principal Vice Principal Assislanl PrIn￿paI land Lead DSL) DireGtor of Finan¢8 Direclor of Hurnan Resources Head of Nursery Divi%ion Head of Pie-PrÈp DDfision Head of Pieparalory Division Head Df Slxlh Form Deputy Head of Sixlh Fom Head of Middle D￿lsiOn Head of Urp&r Dpii8VJn Director of Le4rnlng & T8achlng Dlreclor ofBo8Fding &Admisslons Head ofTheDlogy Head of Digilal TeGhnology E¥eGulDiÈAssislanl & Clerk to GoveiDo Thère is an overall Lead Desvjnaled Safeguarding Lead ILead DSL). The Head of &ach Division is also Ihe DSLfor their respeciwe Divi5i9n Members, liabi15ty NHST is con51rtJled as a company limited by guaranlee. In the Èvènl of NHST being wound up. members are required 10 conlribule an amounl nol exceeding £1. Employmenl poliGy Atlhe heart of ourS¢hool isthe faith Ihat L% essential lo ils char8cler. Whilethe S¢hool ￿ 8 Calholiccommunity, ilw8lcomes studen15 51aff of drfterent religious beliets who support Ils ethos. The spiiilual and faith d8velopmenl ol 811 Ih05e 2t NHSY is of the highest Importance. As a cathol￿ Sch￿1, the School reserves the right 10 18serve certain posts for praclising C81holics. in accordance Mlh Diocesan guidance. and Seeks to &n$ure that all slalf supwrt the School's 81hos, as a Calhdic Inde￿nd8Th1 boardiw & day school. The School 5UPPOrt5 thè prlnciple of equal oppomunities and opposes unfair discritninalion on th? basis of age, sex, marriag8 2nd clvil partnership, gender reassignmenl, race, disabilily. 5exuÈl orien18t￿n, religion or bellef. pregnancy and maleinity and pari-lime or fixed-lerm employment Id8fin8d 8È 'Prolecled Chaiatlarislics'l. Being a commilted equal opportunilEs ernployer. th8 School will take every possib￿ slep lo ensure Ihal efflployees are treated equally 8nd fairly. Page 6 NEW HALL SCHOOL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2026 PoliGie5 and praclice5 wi11 confonr with Ihe princip18 of equal opportunllies in term5 of racruilmenl, Se￿¢tiOn, Iraininu, promotion, care8r development, disclpline, redundancy and dismi$581, taking inlo account Ihal th8 CalholiG Èlhos is upheld and supported le.g. Ihrough the provision of specified reserved posts for piaGlising Calholicsl. The mean gender pay g¥p measures Ihe d￿ereThce betW8en the aver)g8 pay of all womén and all men. Ixjr m8an gender pay gap is 5.37%. This compares favourabky wilh the NalitrnalAverage of 13.4%. When anatysed further by &mployee category. at S8nnr managem8nl ￿Ve1 the mean gender pgy gap is-17.9%. Atnong leaching and educ8tional profess￿n8&, where wotnen make up 64Vo oflhe woikforce12024- 66%), the tnean pay gap k4 4.2ryA. ofour 5UPPOrt employees, 66% are women the mean gender pay gap Is 9.3%12024- 6.50AI. The median g8nder pay gap measures Ihe differer￿e In pay between th8 'mtildle Tnan. arKJ 'mKldle woman. Ir you rank employ8es accor(ling to pay. Our median gend8r pay gap ￿ 10% compared lo the National M8dian pay gap for all Èmployees of 12 8%. The 51eps taken to make Ihe School a welcoming environm8nl for female empbyee5 include the opening of our ovm Nursery on th8 School Sile. 35s1s1ing slaff lo relum lo the Workpla￿ following parental leave. A11 staff are pro¥￿ed wllh an Employmenl Manual delailing all policEs and procedure5 ielatiDg to 8mpbymenl. Th8 Employment Manual l&mplale is Prov￿ed by Veal8 Wasbrough Vizards, a leading law firm. that eTrsures thal the School. provbled with any changes requi￿d a8 a r8suII of changes lo legis￿li0n. The School cornmunicales with 811 employee5 regularly through normal m8nagemÈnl channels whlch Include Iwiceweekly 518ff br*fings, half lermty slaff meelings for all staft, email cOm[nun￿allOn and team m8elings. Staff are informed of any daci%￿n8 that are Ilkety lo affect Iheir Inlerests and are consulled on any significant change5. STRATEGIC REPORT ACHIEVEMENTS AND PERFORMANCE Academic Standards and Performance In 2025 at A Level. 43% of all A Lev81 grad8s were al A'IA, wlh of students achiewny places al thelr ￿n￿ars￿lI88 of choice. Thre8 quarters of 911 grad8s awarded al New Hall were A'￿. In 2025 al GCSE, 83% of grades were 916-9. 65% 817-9 and 45% at the lop gradas 819. Almo$t a quarier of all glades were at the highest grade g. In Ihe KS2 SAT 8xaminalv)ns 2025, 92% met Ihe expecled standard in mathemat￿￿{74% nalionaltyl, ￿th a third al the 9realer depth standard., 97% mèt Ihe expected standard in Reading175% nalionaltyl, wilh Iwtrthirds at the greater depth slandard.- and mel th2 expected 51andaid In Grammar, Punctuation & Spelling 173% nalionallyl, with a half 91 the greater depth standard. Other $ucc888'. In addition to exarninalicin achievements. our students have had success in compelilions Ihroughout the year. Th8S8 have included.. Art, Design & Technology 1>1 places in five Categor￿S in the ISA Regional Fina15 2D25 with a fvrth8r fw8 2r* places and Or￿ Highty CLKnmended Page 7 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2026 Biology 2 Silver. 3 Bronze, 3 Huhly Commen(led 8 Commanded in the British Biology Olytnpiad 2025 2 Silver, 2 High￿ CThnmended and 1 C(xntnendÈd in Ihe British Biology Inlermediale Otympiad 2025 3 Goha, 8 Silver, 13 Bionze, 32 Huhly Comm8nded and 22 Commended in the 8[￿lsh Biology Cha1knge 2025 MISAC Cotnpelilion lffjperiHI CollEgÈ SclÈnc8 in Medicine School Teams Pro Colchesler Zoo STEM Ch811ellge CREST Supers181 Award Naliona1 Science Week P051er ChallengeAwards Chemistry 12 Si￿er Awards and 11 Bronze Award5 in th& RSC Chemistry Olymwad 2025. Includlng Ihr8e Year 11 sludenls silting the papers iwg years early 2 Gold, 1 Silver and 6 CopperAwaFds In Ihè Cambridge Chemislry Challenge 2025 Selecled lo p3rticipal& in the Salters Chemical Analyst Cornpelition Cornpulef SGPn 37 Gold Awards in the Bebra5 Ch8llenge 2025 Mission Zero Astro Pi Challenge team had Iheir computer program $8l&cted lo be run on the Inlernallonal spa￿ Slalio ISACodirwJ Comp81illon award Frenth Commendatbon in the AnllEa Bell Prize for translation organised by Oxford University hlathemaliGs Slud8nl competed in the Massolil video essay comp8lilion wilh an entry on th& hlstory and development of Calculus Sludenl compeled in the Minds Underground Vhleo e55ay compelrtion expkjring how malhernaliGal mod818 shape our underslanding of the n8lufa1 wortd QualifiÈd for all Ihree rounds of the MEI RilanglÈ comp&tilion 4 Gold. 9 Silver and 23 Uronze Awards in th8 UKMT Sen1￿ MalhemaliGal Challenge 2025., 3 studen15 oualif18d lor Ihe SeniorKangaroo whère 1 achleved a Merit., I sludenlwon a place in th8 British Malhemalical Olympiad Round 1 and a¢hieved a meril 8 Gol(1, 29 Silverand 34 BronzeAw8ids in the UKMT IDlemièdl818 Mathsmalical Challenge 2025., 5 students qualified forlhe Pink Kangaroo achieving 1 Si￿er￿n￿ 2 Bronze awards,. 1 sludenl qualilEd forlhe Maclaurin Olympiad and achieved a Meiil. 4 Gold, 29 Silvar and 22 Bronze Awards it) the UKMT Junior Malhe[nal￿al Challenge 2025., 2 students qualffied for the Jufiior Kangaroo wlth one a¢h￿VI￿j a Gold Award. Physics Slud@nl won th? Chelmsford Science alld EnginewlrKJ Society Enlerprise Award 2025 1 Gold, 3 Silver, 2 Bronze and 2 Commanded in the Physics Otymprad Senior Challenge 2025 2 Silver 8nd 9 Bronze in the Physics Olympiad Inlermedkale ChaI￿n9@ 2025 Politic5 41 students tompl8ted module5 in our bespoke UAS Polrtics prcgramme, gCGiediled by AQA Theology Calholicyoung WrrferAward Only non-universily slud8nl lo wn the Peacocke Essay compeh.l￿n'S￿2nCe anLIReliglon Forum" SEND Provlslon During the 2024125 8cademic year, New H811 S¢hool supported 191 children wilh Special Educational Needs and Dlsabililies ISENDI. The fwu5 of provislonforall chlkjren wiLh SENDwas qualify firslt8aching, supported by targeted inletvention. ThB support wss directed and monitored by th8 Nursery Division Deputy Manager, Ihe SEND Co-ordinator ISENDCol IPreparalory OIv15ionsI and the Head of Learning Development (Senior Oivisionsl. each ofwhom ac18d as SENDCO foi their Division. In addiLion lo this, children were 5UPPPrted by 8 team of five Leatning Support & Cover A5sislanls ILSCAS) and four Teaehing & Cover A55islan15 ITCAs1 W& h8ve also worked wlh a SpÈ8ch & Langu8ge Therapist who has provh1ed specialist 5UPPQrt for chlldren within the Preparalory & Nursery Divisions. Page 8 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 All staff receive SEND training as part of the annual In-ser¥￿e Irainiw IINSETI programme. This year the focus in the Senor Divisions was on underslallding the access arfangemenls availab18 in 8xaminalion5. Th2 Prep Div￿10nS focused on underslandingAulism Ihe Impact Ih81 lh6 phys￿al environtnènt has on learning. Nl slaff rec81ved training on how to suppori chihjren in the Glassroom using inclusive adaplniè 188ching slralegie5. Cathollc Ille New Hall 55 the one of the largest Calho1￿ independent boarding and d8y schools In the UK. New Hall aL%o provides Ihe only Catholic independent senior sGhog1 provisM)n in the Diocese of Breniwood, which cover5 311 of Essex and five E3sl Lon(Son boroughs. New Hall has a flourishing Chaplaincy Team, coTnpri5ing two resident Prie51 Chaplains, an A Pii8sI, lh8 H8ad of Chaplaincy, and fwe Chaplaincy Assi518nls. Ovpr the last ye2r, the School h3s created Ihe Chaplaincy Chambers, YthKh are the home for a rich variety of aclivilEs In addilion to celebration5 of the Eucharisl and other liturgies, Ihese aGI￿lI1&S include sacram&nlal preparation, 'Knilllng & KnowiThJ', Bible study and movie nighls. The Chaplaincy Team iu Pfogramme of retreat days for puplls In the Catholic preparatory and maintained sGhools In lh8 Diocese and for Messing Prknary School. Boarding 8oardin9 life is thriving and has grown in recent years. The number of flexible boardfrrs conlinues lo grow. Boardets enjoy a full programme of cullui81. 5POrting and recreational aclivilies In the evenings and 81 the weekend. Within th& boarding communily ar&.. students on fee remlsslon., stud8nls who requlre boarding provision betAuse of parental work comrnilmenls le.g. medics, armed forces). Page 9 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Perfornilng Arts Production ofJoseph and th8 T6chniGolorDreamcoal This year. 70 sludènls p8rtiapated ID a large-scalfr drama produdion". Joseph and the Tethnicolor Dr8amcoal. Over 80 sludenls wÈre involved in painting IFE sel 20 Year Seven sludenls also performed an original poem in Chelmsford for lh8 World War Two wmrnernaiaiion aclivilies. 238 students from Year 5 upwards have taken Trinity examinations in the following options.. Speech and Drama, Acting Ski115. Communication Skills, Performance Arts and Musical Theatre. There was a 100% pas5 rale and 95% of 51udenls aGhi8v&d a dislinclion or tneril grade. A Year 10 51udenl won the ISA Publi Speaking Compplilion eailier this year 81 Gonvi1￿ and Caius College. Cambridge and anolheryear TWfr￿e student placed in the final. They were chosen a5 one of 12 finalists from over a hundr&d entries. Th8 School provides numerous opporiunilies for 51udents lo demonslrale Iheir mus1¢21 lalenls. Flagship concerts each lemi have contiDved to Imprwtss, with a FfellGh-them8d Sl Cecilia's Day concert, a Gala concert in Chelmsford Cathedral. and a wonderfully energÈlic'Pop al the PalaTr'. alongside more regular Supp8rtime and Tealirne conc8rts, in ad(lilion lo Lunchliffle Recitals and lemly Live Lounge 8venls. Curtenlly, 468 individua1 musiG le5S0rts tak8 place each ￿￿k and almost 170 students look an Associated Board of the Royal Schools of hhu5ic IA8RSMI or Trinity College London Mus examination across Ihe academic year. Our Senior Choir lour8d to Zaragoza in 0￿0b￿r 2024, making itnporiant connections wilh oursi$lÈr R*I￿J10uS Comrnunlly. the Mona5terio de la Resurreccion. aswell as p&rformillg in Zaiagoza Cathedral. Ourchamberchoir sang regularsetvices of Choral Evensong at Chelrn5f¢rd Cathedral in addilion to singing a joint Evensong with Ihe choir of Clare College, Cambridge. M8mbers of ouryear 7 cholr took part in Gabrieli Roar's'chrislmas Reflections. programme al Ely Cathedral in De￿mber 2024 and the New Hall Piano Trio w85 a fin31isl in th8 Pro Corda National Chamber MusiG Feslnial. In April 2025. New Hall School waslh8firsl CalholiG indÈp8ndenl school to beixJme a Roya1 College of Organlsls IRCOI acciedited inslilulion. Lhambef CADir Evensong A frenr.h-therned Sl $ DByconcert Dance continues lo be a popular co-curriGular acilwly. 250 Nursery to Year 13 studen15 allend dance lessons Ihrough(AJl the week and on a Saturday. 89 sludents completed Dance examlnalN)s this yegr. 90% achièved di%linctv)n5 10% achieved merits in Ba11el. Tap and Modefn. Page 10 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 From PrÈ-School loYe8r4. all puplls h8ve a dan￿ Class as part ofiheir cUrr￿1￿M Ihn8. In the Senior Oivisions, srKweek$ of dance lessons aTe offer&d during Ihe PE Gurriculum, and dance 15 an option In Game5 from Year 11-13. 96 d3rtcers compele regularly foT Ihe Dan￿ Fesliv31 Team. In January. the Dance Departmenl won the ISA dall￿ compelilion for KS415. Thls summer, 38 dancets from Yfrar 7-13 represented Team England al the Dance World Cup in Burgos in Spain. They achieved exceptional results and one dancer in Year 9 was ranked sixlh in the woil(l in the Contemporary d8nte g8nr8 and offered 8 scholarship lo study al Ihe contemporary dance collservaloire in Barcelona, Spain. Thi5 year the Dance Department has rec81ved'Dance School ol th8 Ye3r' awafd al four dance competitions nationally. Sport Swjrt al New Hall ¢onllnues to go from strength lo stren9th. Each sport has a de￿i￿led Head ef Sport, enab￿9 studen151o gain specialist coaGhlng In an sports Ihroughottl Ihe year. Nolablg achievemen15 indude.. Athklics Our glrfs, r8lay team have won the King Henry Wll XC Relays for iwo yegT5 runnirvJ, and becamè th8 11th faslesl learn of all.lime on debut. Al thi5 event. a Stl￿ent ran the fastest leg and another be¢am8 Ihe third Both our girf5' and boys, teams were wlnn8rs ol the P￿p Quad lfjds Championships ERRA Relays. Two students both Soulhern and National Road Relay Chafflpions13x U13G Team) A Year 11 student ian 9,21. for 3KM, placing her 3rd all-time in the UK U15 li81, and 16.38 placing her fourth all lime in the UK U15 1￿1. She was selected for the UK team al the U18 European Alhklics Championships, desplte being just 15 A student quaIrf￿d for the National Mulli-Event champio￿hIpS Four51udenls qualified foi ESAA Enolish SchoolsAlhletlcs Track and Champlonships, all Tnakiffj Iheir Four students medalled al the Prep Schools National Track and Fidd Ghampionships Year 9 Boys becarne Di51ricl Champions Our Intel Girls team cam8 Ihiid al Ihe ESAA XC Cup National Final. making il 4 years in a row on the podium 8¥skelb311 Y8ar 8 Co-ed team reached the quarter final oflhe Jr NBA Three 9ids were sel8c18d lor Es5e¥ County 18am A sludenl was Selected foi Essex Counly U15s and caplained Essex County U13s winning Ihe County Chatnpionship wilh receiving MVP of the louinatnenl. H8 also represented the U15 Easl leatn for the 8askelball England Asplr& toumamenl and has been seleGled 10 the 2026 U15 East Team for the Basketball England Aspire tournament Cricket U18 Girls ISA National Winners U15 Girl8 ISA NalioD41 Winners U13 Gills ISA National Runners Up Two 51udenis reprÈsenled Scotland U19 al the World Cup and have quglthed for Workl Cup Zimbabwè in January 2026 Aform8r slud&nl 5i9ned a professional conlraGI with Essex One 9irf has been S&￿cled for HerilordshSre and is now lrialliDg for Essex Six gir15 are in Ihe Essex Girls P¥lhw8y One boy wa5 selected for Bunbury 161 Xl la5132 of the Nalional Cup Multiple player5 made their 5(yh appearance in the 131 Xl Ampleforih T10 WNners Amp18forth Math￿￿ Cup Runners Up New Hall hoslÉd 1. Xl Castle Feslival Page 11 NEW HALL SCHOOL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Equestrian A 5ludent won the NSEA National Championships Jumping wlh Slyl& 80-85cm. She also plated 3 on antslh&r horse. Year 8 sludenl came 51h in 70ctn dass and sevenlh in Ihe S(km al NSEAGr8ssrw15 Nallon81 Championshlps in August. Football U11 boys qualified for ISA natlonal finals second yeei in a row. U13 gills were placed 2nd al ISA U15 9iILs won Ihe ISA plate U11 girls were placed 4 al ISA U12 Boys won th8 ISA plate Sim students syned lo profession21 academies Two students svJDed professional contracts and are now fvll lime fo(rtballets U18 Girls quarfer final national ISFA plate Nurnber of siudènls Irialled al pro club5. Golf Three sludenl8 in the Essex County Goll 3qu8d A sludenl accepted a Goll Scholarship lo Univetsity of North Carolina. Gharlo118 Asludenl placed 81h 140 in Ihe Nation31 Slrokèplay Compelilion held ID Scotland. Ho¢key U13 boys, hockey leam aft IN2Hockey EsseK County Runn8ES Up U11 girls, hockey team aiÈ IN2Hockey Essex County Runners Up U11 boys, hockey team are IN2Hockey Essex Counly Champion5 1st Xl glrls. hockey Tw 3 East Regional Runners Up 1$1 Xl boys. hod(ey fier 3 Essex County Champions Netball 1Bi Vll won IhÈ ISA U18 National Cup cornpe15tion U14A came runneis up al the ISA U14 National Cup compelitK>n U13Awtrn Ihe ISA U13 N81ional Plate compelilio U12A c8me runners up in the Essex Cup compglilion MLJlliple sludefjts representing for county acadetnie5. London Mavericks and London Pu15e franchkses Established School partnership link with London maver￿kS, beiry us8d as a host veDup fof U11 and U13 hub academies wè&kly, wilh our Head ol Nelb211 as Head Coach Rugby Six players ore in Ihe Saracens U15 PDG Four ￿ayerS are in the Essex County Squad Three players are in the Ealing Trai￿1nderS Academy One play8r is in the S8racens Academy One girl 15 in Ihe UR75 RugbyAcademy Partnership with sard￿n$ goes from strength lo slr8nglh Skiing A Year 11 8tudenl ha5 been selected lo represent Ihe Brilish children's ski team for the 3rdyÈar running A Year 5 sludenl achieved 2 bronte meda15 in Ihe Giant Slalom in the Reireralm Nations Cup in Austria. A Year 9 sludenl finished overall in the slalom &venl al the Italian Nalional Champioll5hips A Year 13 sludeDI for the sÉcond-year iunniTrJ L8 th8 zero point ra￿[ for 2025, making hitn Ihe hvJh&sl ranked dry slope skier in Great Brilai Four sludents In Y&ar IQ and Year 12. finished place in the Briti%h Finals team eveDI. wllh the Year 12 A Year 12 sludenl Gompeled In the EnglishAlpine FIS Championships, finishing 3ffj In Ihe U21 GBR slaltsn, in thÈ U21 GBR GS A Year 11 slud8nl won Bronze al Ihe Brillsh Schools Indoor Rac8 12 sludenls fiom Year 5- Year 11 have been 5eleGled for the ESSKIAlr8ning ¢amps In Nerway frorn their oulslanding performance5 in the ESSKIAcompelilitrns this y8ar ESSKIA indoor race5 a Year 13 sludenl was Ihe ovér211 winfjer, our Cal 4 l&am Iini8hed in >d plao, our Cal 3 Ipam finished 3 and our Cal 2 leam finIs￿d 2. in Iheir respeclDl8 evenls In the ERSAschools ski race we had Ihe following results. Cal 1 boy$ 18am 151 place. Cal I mixed team 1 placè, Cal 2 boys t68m 2￿d plaGe, Cal 2 mixed learn place, Cal 3 girls team 2rtOp13ce, C813 boy5 team 2naplac8, 8nd Cal 3 boy5 team * place Page 12 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 In Ihe London schooL% ski race we had the followng results.. Cal 1 boys 151 pLHce. Cal 1 mixed 2. Cal 2 boys 4th 8nd the 2 Cal 3 boy5 leams finishing 1" and 2nd Swimming At Engllsh Schools, SwimrningA550Giat￿n Championships. we achieved Iht following.. Y881 9 & 10 Boys 4x50m Freestyle R8lay- 2￿￿ place Yesr 11-13 Mixed 4x50m Medley Relay- 3rf pl8Ge Year 9 & 10- Boys 4x50m Medley Relay- 1. place Year 11-13 Mixed 4x50m Flee Relay- 2nd pL2ce Boys and Gir15 finished 71h pace ov&rall Tennis ISA National Finals U13 Gi115 SIng￿$ Winn8r ISA Nalional Finals U13 Gir15 Doubl&s winr￿rS ISA Nalbonal Finals U13 Girls Singles Plale Winner U13 Framlinghatn Festival Girls Winner5 MESSA Tennis Year 7 Gir15 Winners MESSA T8nnls Year 8 Boys Winners MESSA T8nn15 Year 8 Girls Winners LTA Youth League Year 9 &10 Division 2 Boys WIDners CSSP Mini Wmbledon Red Wnners CSSP Mini Orange Winners Great B￿lain Ladies Padel Team Debut A yw13st￿nIf￿￿IheSE¢0￿￿￿earfunrri lhgiwwntr￿FI0F?02S. h￿￿eST￿n￿E￿￿rytstye G￿1 18Al￿￿￿ElEuI815 ufltyrfS'lhxtsyt8afftar8lN2hl￿￿yES$?X CounlyRunnetsUP Pwtrrall In the Enufjsh 5chud5' S¥dMhlnoAwc￿on Ctsmtyonshlp5 Your8 C￿e￿ bA*Èts311 IBam reachedwartw naldtheJrN ¥8 MCC u150￿Sy￿jn th015A￿￿e Equlty & Dlvarslty In 2020, the School18unched a sludenl group.. Corpus. a group deslgned lo celebrate and discuss eoully & dlv8rsity. Thi5 yaaf, sludenls have continued lo engage in Trlebralions of olh8r cuttures and di5¢ussions about di5criminalron and prejudice. The biainchlld of a Sixth Form sludenl. Inlemalional Culture Day was Coll￿1ved as 8 ¢e￿bratIon of the diversily of pupils In th& Preparatory Division5 al Nèw Hall. This yeai's event invohfed sludenls from acfoss the Preparatory and Senlor Divisions. Colourful inler3clive display8, created by sludenls repr&senling their cullural hefilage. g2ve pupils an insight into a variely ol tradition5 from China, K&nya, Ice￿￿￿. Sri Lanka. India, New Zealand, The NÈth&rlands, Sbvakia, France, Spain, Italy and 8elgiutn. Many pupils also (Iressed In clothing from coulllrie5 around th& world. New Hall was a finalist in the Independent Schools of the YearAwards 2024 in the inleinalional siud8nl exper￿nce category. Page 13 NEW HALL SCHOOL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2026 l/ Int8m8tion81 Cullure D8y Eco and Su5tainablllty Afocus forthè School Ihis year ha5 been eco and sustainabilily. We are wotking lowards a largel of'zerowaslelo landflll,. School has adopled a recyGliTrg system. where all wasle co1￿Cled and sep3ral&d al a large ￿CYcling Genlre. This also indudes food waste. which Is coltec18d in a newly inslalled faGilily. 10 b& used for both and feTiiliser. In the Prep Opii5ion5. the School Counrillors led a competition for puplls lo d8sign poslers lo demonslrale the imporf8ll￿ of reGycling and looking after our world. The winDillg designs were made inlo posleis io b8 dlsplayed around the PrÈp building. The Year 12 Eco Council Leaders aGt 35 champions of ecology. The Eco Council conlribules lo plans and efforts lo cre2te a more sustainable and ectrfriendly environment and comrnunity. ivortd Food C>Hy- Eco Counral New Hall Per8on81 D8velopmentAwar At New Hall. we aim lo help a11 students develop themselve5 throwJh the promotion of an all-round education. Our broad cemialion included in IheAnnJal Reporf olhei than the flnancial slalernents and our audiior's report Ihereon. The Iruslees are responsible for Ihe Dlher inform81ioll conlained within IheAADual Réport. Our oplnion on Ihe financial slalemènls does nol cover the other informalion and. except lo the exlenl 01he￿vISÈ 8xp5icit slated in our report, we do not express any forffl of assurance conclusion Ihereon Our mpon$ibiliLy is to read Ihe oth9r information and, in doing so. consider whelher the other information 15 materially inGonsislenl wilh Ihe finaTrcial slaiÈm8nls, or our kn￿Eedgè obtained in the course ollh8 audil or othe￿15￿ appe8rs lo be materially Mis51ated If we idenlily such material inconsis18ncEs 01 apparent mal8rial mi5slalemenis, we 8re required lo determine whelher Ihis gives r￿e lo a material misslalement in Ihe financlal slalemen15 IhetnselYÈs.11, based on Ihe wotk we h8ve pÈrformed, we conclude that IherÈ a malerial Tni5sIHlemenl of this other information, we are required lo report Ihgt fg¢t. We hav8 nothing lo report in thls regard. Opinions On other matters prescrlbed by the Compan105 Act 2006 In our opinion. bas￿ on the work underiaken in the cours& of Ihe au(fil.' the infotmalion g￿￿n in Ihe Truslee5' Report, which incluLles IhÈ Directors, Report and the Slralegic Report prepared for th8 purposes of company law, for the finanGial year for which the financial slalemenls are prepared consislenl wilh the financial slalemenls., and the Directors, Report 2nd the Slralegic Report included wilhin the Trustee8' Report have b8en prepared in accordance ￿th applicable legal ￿qUIreM8n1$. Page 24 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEW HALL SCHOOL TRUST ICONTINUEDI Matter5 on which we are requlred to r&port by exception In the lighl of Ihe knowledge and undetslanding of IFE group 8nd the parent charitab18 company and Iheir environment obtained in Ihe course of Ihe audil. w8 hav8 not identified malertal tnisslalemenls in Ihe Diiector5' Report, or Ihe Strategic Report in¢luded ￿th1Th Ihe TrusleÈs' Report. We hav8 nothing le report in respect of the followng maiiets where Ihe Comp8nES AGI 2006 requires us to repori lo you ade4ualÈ accounling iecofds have not been kepl by the parent charitable company. or relums ad8qual8 for our audil have nol been received from branches not visited by us,. or the pJrÈni charliabLq company financial slalemenls are nol In agreemenlwilh the accounting records and rnlurns.. or certain disdosures of Iruslees, remurEralion speG11￿￿ by law ora not made,. or we have nol rewved all Ihe informalK)n and &xplan81ions we iequire for our atsdil. Rwsponsib115tlos of trusteos As explained more lully in the Slalemenl of Trusle&s' responsibilitie5 sel oul on pag@ 22 Iht Iruslees (who are glso the directofs of the charitable Gompany for the purpose8 01 company lawl are responsible for Ihe prepar81￿n gf the financial 8lalemenls and for being 5È1isfiÈd that Ih8y giv8 8 Irue and f8ir view. and for Èuch inlernal conlrol as Ihe Iruslees determine ￿ necessary lo Éfiabl& the preparation ol finanGial 5talemenls that are free from mateiial mi5S1aiÈmÈnl, whelherdue lo fraud orÈrfOr. In prep81ing Ihe financi81 slalemen15, the Iruslees a￿ responsible for 855es5ing the group's 2nd p8renl charitable company's ability lo continue a5 a going CO￿te[rt. disclosing, 88 applicable. mallet5 relaled lo going corKern and using the going concern ba5Is of atcounling unless Ihe Iruslees either inlend lo liquidale the group or parent charilab company orlo ￿ase operations, or hava no realistic alleinalive bvl to do so. AuditOT'S responslbllltles forth8 audit of the finaDGlal statèments Our objectives are lo oblain reÈgonable 8S8urance about whether thé financial slalemenls as 8 whole are ffeQ from material misslaletnenl. whelherdu8 lo fraud or erfor, and to issue an auditor's report Ihal ifjGludes our opinion. Reasonable assuranc& Is 8 high level ol assuran￿ bul is not a gu818nlee Ihal an audit GoDducled in accord8nce w￿h ISAS IUKI will Èlway8 detect a maleii81 mis$131etnenl when il exists. Misslalernen15 can arise from fr8ud or error and ale considered malerial il, individu81ty in iht aggr8gale, they could iea50nably be expecled lo inlluence Ihe econotni dscisions of useis taken on the basis of thèse financial slslements. The extent to which the aulitwas consldered capable ol deteGtlng I￿ag￿larItIes, Includlng fraud Irfeoularilies are in518nces of non-compliancè ￿th laws and regulalions. Thp objedlvÈs of our 2udil are lo ob18in 5uffiGlenl 8ppropri81e audit evidence regarding complianc& wrth laws and regula1￿￿s that hav8 a direct effect on the determination of rnalerial amounls and disclosurtrs in the financial slalemenls, lo perform audil procedures 10 help idènlty Instances of non-Gompliance v4ilh olhar laws and re9ul81iofjs that Tn3y h3ve a material effect on Ihe finanGial slalèmtrnls, 2nd lo respon approprfalÈly lo ￿entifIed or suspecled noD-compliancewilh laws and iegulalion5 idenlrfied during th& audit. In relallon lo Iraud, the obj'ectives Of our audht are to k1enlify and assess the rlsk of m218ri81 misslalemenl of the finanGial slalemenls due lo ftaud. to oblaln sufric￿nt appropriate audit Èvid8nc8 regarding the assessed risks of malerial misslalemenl due lo fraud through deswJning and implemenling approprf2te r8sponses a￿j lo respond appropriately lo fraud or suspected fraud idenlified during Ihe audit. wever. il 15 the prlmary responsibility of management, ￿th th8 oversight of those charged wilh governance, lo ensure Ihal the 8nlity's opefalions are conducled in accordance with the provision5 of laws and regulations and for the preventitsn and deleclKJn of Iraud. In idenlifyiru and assesying ri¥ks of matsrial miqslatemenl in resptroa of irregulariL￿S, includirrfj fraud, the group aud* eng8gem&nl le8m'. oblalned an underslandiryj of Ihe nature of Ihe $8Ctor, including the leg81 and regulalory framework th8t the group and parent charitable company operates In and how Ihegroup and parent charitable company are corllplying with IIE leg81 regulatory framework.. Inquired ol management, and those charged with governance. about Ih8ir own Identificalion and a5ses5menl of the risks of iFregulariliBs, including any known 8clual. suspeGled or alleged Instances ol fraud-. Page 25 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEW HALL SCHOOL TRUST ICONTINUEDI discussed mallers about non-compliance wilh laws aml regulalions and how Iraud might 0￿ur Induding ass88sm8nl of how and where the financial slalemeD15 may b2 susceptb18 to fraud. As 8 resull ol these proTrdures. we consider the most signif1Ganl laws and regulations Ihal havè a direcl imp8cl on Ihe f￿anCiSI slalemenls 8re FRS 102. Charities SORP IFRS 1021. Companies Act 2006. Charities Act 2011, Ihe parÈnl ch8rilable cotnpany's governin9 document. lax legislation and Charilies IProleclion and Social Inveslmenll AGI 2016. Wa pprformed audit procedure5 lo deiecl non-compliances which may hgve a tnalÈriÈl impact on the fin8ncL¥l slalements which included ieviewing the financiÈl slalem8nls including the Tru51ees' Report, ￿mainIng alert lo or unusual Iransatlions which may nol be in accordance with the gov2rning documenls, inspecting correspondence with local lax aulhoriLies aml evalu8liDg advi¢e received from external advisors. The most 5ignifi¢ant laws and regulaliolls Ihal have an Indirecl impact on the financlal slalemenls are Ihp Education Ilndependenl Schotrl Sland8rd51 Regulations 2014. Keeping ChiSdren Safe in Education und8r section 175 of the Educalio Act 2002, and the UK General Dala Proleclion Regulation (UK GDPRI. We performed audit procedures lo inqulre of management and Ihosé charged w¢Lh governance whelheF the charitable company is In compliÈnce with Ihese law and regulations and inspeoaed ¢orrÈspondence with regulalory aulhorili8S. The group audll engagement team Klenlified Ihp risk of Manage￿nI override of controls and completenes5 of certain incorne slreatns as Ihe 81eas ￿￿ere the financ￿1 $talemenls were m051 su5cepliblÈ lo material misstsleffjenl due lo Iraud. Audit procedures performed inGluded bul were not limiled lo lesiirtg manual journal entrie5 and other adjuslmenls, evaluating the busines5 rat￿nale in relalion lo significanl. unusual lians8clions and transactions ènler8d into oulside the norma5 coutse of business, ch8lknging judgmenls and estwnal&s and performing tes15 of delails in relation 10 th8 completeness of incom&. A furthei des¢riplion of our resty)ns￿lI7Iaes for Ihe audit of Ihe financi81 slalemenls 1$ provided on the Financial Reporting Council's website al hl ..lI￿￿.￿G.0￿ . dilorsres sibililie5. This dÈscriplion forms part of our auditor's report. Use of our report ThB repori is made sdely lo Ihe charbtable Gompany'8 m8mbews. as a iv)dy. In acrA)rdarKe with Chapl&r 3 of Part 16 ef Ihe Companies Act 2006. Our 3udil work has been undertaken 50 that we might slate lo the Gharitablé ¢x)mp8ny's membeis Ihose mallers we are rpquired lo slate lo Ih8m in an audilor's report and for no olherpuipose. Tothe fullest exlenl permilled by law, we do nol accepi or assume respon5ibilily lo anyone other Ihan the charitable eompany and Ihe charitab18 company's members as a b(￿. for our audit work, for Ihis report, or lor the opinipns we have formed. CLAIRE SUTHERLAND (Senior SlaluloryAudiloil For and on behalf of RSM UK AUDIT LLP, SlaluloryAudilor Chartered Accountants fsl F1oor,PLqlinurN Building Sl John's Innovation Park Cowley Road Cambridge CB4 ODS D)18 22 May 2026 Page 26 NEW HALL SCHOOL TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 AGademy Permènenl Unreslticled Reslricled Reslricled En(lowmenl Funds Funds Fund Fund Total 2025 Total 2024 Noles Income and endowments from.. Donations Charitsble actlvitle5 School lees 8nd Ot￿r charges Funding for pducalion81 purpose5 Olher other tradlng actlvltltrs Investments 11,347 891.935 903,282 48,165 29,229,194 29,229,194 27,850,198 665,200 665,200 99,689 288,345 132,465 571,831 47,160 375,865 191,751 99,676 267,274 122,524 13 21,071 4,240 5,701 Total Income 29,718,668 17,061 1,582,446 31,318,175 29.084,970 Expenditure on- Charltable actlvltles Provision of educa1￿￿ RaisTrno funds Raising donalions Tradirvj cost of goods sold and other costs 29.011,313 8.782 811,098 68,374 29,919,567 29,355,164 B92 11.327 208.668 208.66B 341,944 Total expenditure 29,219.981 8.7&2 811.990 88,374 30.129,127 29,708,435 Nel Ilossesllgains on inveslmenls 12 11,3601 11,3601 1,632 Net Incom8118XP8ndlturol 498,687 6,919 0,456 188,3741 1.187,688 1821,8331 Transfers betr￿en funds Aclu8rial1lossesl on defined benefit penslon scheme 21 115,0001 115,0001 112.0001 Not movement In funds 498,687 6,919 755,456 188,3741 1,172.68B 1633.8331 881ances brought fotward at I Seplember 2024 23,203,885 111.118 1.254,586 2,739.601 27.309.190 27,943,023 Balances carrled fonvard at 31 August 2025 23,702,672 118,037 2,010,042 2,651,227 28,481,878 27.309,190 Th8 notes on pages 31 to 52 fom part of Ikse financial slalemenl5. Page 27 NEW HALL SCHOOL TRUST CONSOLIDATED AND PARENT CHARITY BALANCE SHEETS AS AT 31 AUGUST 2025 Group Charity 2025 2024 2025 2024 Note$ Flxed assets Tangible 35sels Inveslmenls 44,341,158 3B,359 37,443,950 39,719 43.290,760 38.361 36.356,241 39.721 12 44,379,517 37,483,869 43.329,121 36,395,962 Curr8nt assets Stocks D6blors C95h at bank and in hand 36,694 1.829,563 ,137.475 44,568 1,039,988 10.529.926 35,931 1,228,736 5,604,354 44.028 1.027.331 10,185,073 13 ,003,732 11,614,462 6,869.021 11,256,432 Creditors payab￿ wiLhin one year 14 111,390,865) 110,916.0001 111,272.3011 110,722.6711 Nèt current Iliabilltlesllass8ts 13,367,133) 698.462 14,403,280 533.761 Total assèts less current 40,992,384 38,182,131 38,925.841 36.929,723 Long tèrm Ilabllltles Credilois payable after one year Pension scheme liabillly 112,510,506) 110.872,9411 112,51U,5061 110,872,941) 21 Toial net a$5ets 2B,461,878 27,309,190 26,415,335 26.058,782 Rèpro￿n1èd by.. Fund5 and reseNes Capital lund5 Permanent endowfflent fund Charilable illcom8 funds Unrestricted funds G&neral fund ReslriGted funds Mulli Academy restrfclad fund 17 2.651.227 2.739,601 2,651,227 2.739,601 18 19 19 23.702.572 118,037 2,010,042 23.203,885 23.646,071 118,037 23,206.063 1,254,586 26,481.878 27,309.1g) 26,415,335 26,056,782 The $urplus forthe financial year deallwilh in Ihe financial statement5 of th8 Parent Charty was £358,55312024 13 month period." dÈfLil £563.7471. Approved by Ihe Governois of New Hall Schoal Trusl Icompany RegL%tralion No. 5472420 (England and Wdlesll and SI9D eir behalf by.. PAUJ Mf P R Mfilson Gov&rnor Appioved by the Governors on l& M 2026 notes on page5 31 10 52 fomi part of thes8 financ￿1 5ts1em8nts. Page 28 NEW HALL SCHOOL TRUST CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 Total 2025 Total 2024 Notes Cash flows from operatlng a¢tivilie5 N81 cash piovided by operatin9 aclivilies 3.256.689 2,345,212 Cash flow5 from Investing activitlets Interest and inve51tnenl income received Proceeds from sale of tangible fixed 8ssetE Payment for langiblfr fixed 8S5e15 Capil81 gfan15 from DIE 132,465 433.489 19,752,1411 858,861 191.751 402 16,860,538) 4.889 Nel CBsh used in investing aolivilies 16,327,326> (S,663,4￿) Cash Ilows from financing actlvltles New bank loan Repayment of bank bans Rep8ymenl of finaThc￿ le3SÈS New composition fees Composition fees uliKsed 9,200,000 15,818,190) 1149,1381 2,050,200 14,604,6B61 1,500,OCM) 1526,0521 1147.8731 9,401.324 11.530,5411 678,186 8,6*,858 Change In cash and cash èqulvalents in the reportlng year Cash and Gash 8quivalenls al the beginnirwJ of Ihe r6POrtin9 year 14,392,451) 4,378.574 10,529.926 6,151.352 Cash and cash equlvalents * the Ènd of the reportlng year 6,137,475 10,529.928 Tr￿ notes oll pages 3110 52 form part of these financial slalemenls. Page 29 NEW HALL SCHOOL TRUST CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 Reconclllallon of net income to net cash fltwifrom op8rating aotivlllès Total 2025 Total 2024 Nel incom8ll&xp8nditurel N81 lossesllg8insl on inve51menis Depreciation charge Profil on disposal of langiblp 8ssels Capital grants from DtE and olher Capita￿ irLtyre FRS 102 pension cost ￿5S coDlribulions payable FRS 102 ponsion finance c051 Investment income Decrease 510cks Ilncre8sel in deblors Increase in creditors 1,187,688 1621,8331 1,360 2.640,565 140,6531 1858,8611 112,0001 13,ODOI 1132,4651 7,874 1789,5951 1,255,776 11.6321 2.570,583 14021 14.8891 111.0001 11,0001 50,318 1155,9021 712,720 2.069,001 2,￿7,045 Net cash provyded by operatlng activities 3.256,689 2,345,212 Analysls of ¢hang95 In net debt Non-cash changes New other non- fln3llCÈ cash leasès changes At1 September 2024 At31 August 2025 Cash flows Cash at bank and In hand 10,529,926 14.392.451) 6,137,47S Bank loans 1413.5341 236.265 1177,2691 Debt due wlthln 1 year 1413,5341 236,265 1177,2691 Bonk loans 15,228.46n 13,618,075) 18,646,5421 Debt due after l year 15,228.46n 13,618,075) 18,846.5421 Obllgatlons und8r flnance lea59 1186,6981 149.138 137,5601 rotsl net debt 4,701,227 17,S25.1231 12,923,896) The notes on pages 31 10 52 form part of Ihes8 finaKial slalements. Page 30 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 ACCOUNTING POLICIES The lin8ncial slalemenls have been prèpared under the histol￿al wst convtrnlion, as modified by Ihe Inclusion or invesltnenls al market value and freeho￿ land and buildings 812 valuat￿n, 8nd in accordanTr with Ihe wuiremenls or the CompaniesAcl 2006 and Ihe Slalemenl af Recommended Practice 8pplicable lo charities preparing their accoun15 In ac¢ordance with th8 Financisl Reporting Slandard applicablo in the UK and RepubliG of IrelÈnd IFRS1021. Consolidated accounls have been prepared on a hne by line b¥sis lor the chariiy a￿1 ils wholly tr￿n￿l subsidiary. Npw Hall SchoolTrusll"NHST°I h8s Ihe power undpriis spons(Kshipagreemenlwilh NewHall MulliAcademyTrusl I'NHMAT'I lo appoint Covernors and lo govern Ihefinanual and operating policies. As 3 consequen￿, ills coiisrdered undei FRS102 lo have control 8nd therefore NHMAT has t*8n consdM181ed into these fifjanGial slalemÈnls. AS a Qualifying enlily within thé meaning of FRS102, Ihe charilable company has chosell lo tske advanlag8 In 118 individual fiDaDGial slalÈmenls of Ihe Idlowing di5d05ure exemplions.. sec1￿￿ 7 Slalement of Cash Flows, Section 11 Basic FinanGial Instruménts and Section 12 Olher Flnancial Inslrumenl Issues. The School Is a Public Benefit Enlily reg*lered as 2 charrty in EngLgnd and Wates and a comp8ny limited by guaranle&. 11 was incorporated oll 6 June 2005154724201 and registered as a chgrily on 1 Juty 2005 Icharily number 11102861. Thest financial $181emenl$ 8re presenied pounds slerfin9 and are rOu￿ed its the n8afesl £. The previous reporting period was e*ended lo end on 31 August 2024 to allgn with the end of Ihe aC8dem￿ year and the sponsored mull￿a￿demY IIu5t The ¢tsrparalwe 8mounls presented in Ihe financial slalemenis are for the 13 month period 10 31 Augu512024 and are rtoi Èniifely comparab￿. GOING CONCERN BASIS OF ACCOUNTING Sludenl numbers sl Nèw Hall School remain strong for the academic year 2025126, as do offers for 2026127, supported In pari by Ihe School's exp8nsion of ils co-cuiricular provision 1¢ include football. equèslrian 8nd baskelball. The Charity cuffenlty hok18 significant cash b8lantss. allhough sh￿Ning nel cuiienl liabilities 21 Ihe ye8r end. Cash flow modelling wilh sensilivily analysis in Iheyearlo 31 A￿gUS1 2026 2nd budgets foilhe ye8rto 31 Augusl 2027 indicalg that the cash res8FV&S are adequate lo tDeèi the chaiily's oblyations a5 they fall due. Th8 charily has inveslig81ed Ihp oplion lo borrow funds la SUPPOrt any future slralegic c8P11al purcha5e5 as they might 8rise, whilsl not affeding 11$ ability to meet ils ongoi Dppralional and f1nancial ob1wJ8tion5, and these funding scenar￿3 are included in IIE financial scenaThos ieviewed by Governots. Thè Govemors lherefo￿ continue lo have a ré*on8b18 expectation Ih&l the Group and Chaiily have adequate resourc88 10 continue in oper81￿￿ for al lea51 12 months from Ihe dale ol approv81 of the financial slalfrments and that there ar8 no material unc&rtainlie5 aboul the group and charily's aknlity lo conlinve as a going concem. Thu5 they continu& lo adopt the going concern b8S15 of accounting in prep8ring the finanrial 51aleMEnls. CR￿ICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION VNCERTAINTY In the a[pl￿alian of Ihe accounliw policies. Governots are réquired lo make judgements. eslimal8s. and assumplDns abo the ¢airying valu& of assets and liabililies that are nol readily apparwil from other swrces. The eslim81es and undertylng assumplions are based OD hislorital expÈri8nee and olher factors Ihal ate Cons￿ered lo be re￿VanI. Actual results may dnler from these e8timales. The eslhrales and vndertying a55Utnplions revEwed on an ongoin9 basis. Revisions lo accounting estimates 8ie ognised in the year in whth the estimate is revksed if the revision aff&ci8 only that year, or in Ihp year of the rewsion and fLrture years rf the revision affects curfenl and fuluieyears Critlcal Judgemen The esl¥nale5 and assumptions which have a S￿nIf￿an1 ttsk of causiw a material adjuslmenl lo thè r2rrying amount of assets Ivabilities are outlined below.. Useful economiG lives of tanglblè flxed ass8t8 Tho annual deprecialion charge fortangible fixed assels i55ens11￿trIO ¢hang88 in the eslimaled useful economic lives and re$￿U31 values ol Ihe 8S5e15. Useful econornic lives and reS￿U81 value5 a￿ reV￿wed annualw and reassessed where necessary to beller reflecl the aclual usage of the assets involved. Provlslon for fee debtors The Governors con5iderwhÈther fae debts are recovei&bb. Where Ih8f& is an indlcalion that reGovery Is unlikely, Ihe amounls involved are recogniser5 8$ 8 provision for bad dÉbls Thls as88ssm&nl requires &stima￿On of future like receipts in ordèr to c81culale the appropiiale amount of any provi5￿n. Th8 Govèrnors do not considerlhere 10 be any sigrnff￿anl sources of eslThal*Jn un(Èrt2inty giving syDifKanl D5k of (ausing material adjuslmenl lo ItrEse financlal siaiem8nts. Page 31 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 INCOME Income is recognised in the year in which the group is enlilkd lo receipt and th* amounl can be measuredvAlh reasonable probabilily Fees receivable a￿j charge5 for setviGes and use of premlses ar8 accounled for in lh2 year In which the se￿￿e5 are provided. Fee5 receivab￿ arp slated after deducting bursar￿5, scholsrships and other remi8sions allowed by the S¢hool. bul include colllrbulions received from reslricled bursary funds and Ihiid parfles RegK8lralion fees ale non-IpfundablÈ and are credlled lo InC￿e when received. Deposits are in¢￿￿ed a$ a liability until refunded or, on ceasiw lo bE refurkdable, are credile(I lo incoffie. Athlance fe&s ara credited lo income 85 when they fall due. Funding lor EducalH)n81 Purposes are grants I8￿]Ved from Edu¢alioD & Ski115 Fundlng Agency and LocalAulhority for I operation of Messing Primary School. ReDIs are Stated gross and are included OTr accwgls bo$is. Inl&r8sI included on a¢wals basis. Dfvkjends from inveslTnenl funds 8re Included as receivable on the due dates Donalions are accounled for in the finantial year in which they are reTrived. Donalknns received for Ihe general purptssès of Ihe Schwl arg ¢rediiÈd lo Unreslricl8d Funds. Dofjalions 5ublÈcl lo spècific wishes of the donors are Cred￿ed lo the rekvanl Reslriaed Fund. or lo Endowment Funds wheie the amounl is hèld as expen(lable Gapilal GRANTS RECEIVABLE FOR REVENUE EXPENDITURE Granls are recLWJn15ed in the Slalemenl of Finanaal Adiwlies fsoFA"I when the condi1￿￿8 for ieceipt have bÉen md. Where 8 granl is perfofTnance ie131ed, i.e. linked to specifK volumes of oulpul. th8 granl income will be recognised lo the exleDI th81 thÉ service has been provided. GènèralAnnual Granl 15 recognised in full in th& yèar for which il is recewablp any unspent amount is iefleded ès a balance ef the MuttiAcaderny Trust r8slricted fund. Gr8nls wilhoul precondllions are recognised immediately in the SOFA. GRANTS RECEIVABLE FOR CAPITAL EXPENDITURE Grants in respect ol capilèl expendit￿re are r8cognised in the SOFA when rÈc8lvab18 and not deferred. Once Ihe t2p￿al asset is acquired, the as$el ks Ih8n used in line with the lunderfs rÈ4uirém8nls. Where the roslrictlon remains, th& asset is allocated lo a reslriGted fund and shown as restricted capital ￿selVes. Th8 reserves are then reduc￿ éach year by the ounl af the annua￿ deprecialion charge lo Ihe asset. EXPENDITURE AND THE BASIS OF APPORTIONING COSTS Expendiluie ￿ inGluded in Ihe SOFAwhen incurred gnd Incl￿e5 any atlr1butab￿ VATwhKh connol be recovered. Expenditure GomprL%eS th8 followng.. Th& c08ts of ch8rilable activitie5 rclude dlred costs and overheads a5soGL3led wlh generating donalv)ns and trading income. Expenditure on ralsing funds comprises expenditure OD the charity's primary chaiilable purposes as descrlbad in the Govewnots, report Such costs indude prov￿10￿ of educat￿)￿. Th1s comprises.. Teathing costs l.e. the cost of s8larie5, pension, and n81ional insurance costs for leaching and support staff. including curriculum lechniGian Preparatory School classroom asslslanls. books and olhet luilion exp8nses. and Ihe cost of gom9s and activi1￿s. welfa￿ Gos15 i e all domestic and sundry costs relating lo boardlng including house slaff and domÈÈtic slafl employfftenl costs for boarding house5, schod he8llh centre co81s, consumables. bundry and calering costs. WÈlf8r8 costs 81so include c051s of PreparalDry Sthool nurses and gftei school care assislanls. Premises cost5 i e. all ¢051S associaled wilh Ihe premises, grounds Ènd 8slale belonging lo the charity and Used for the purposes of educalion, including the 5alarips at¢ of certain domestic 5tsff and the eslale staff. Support costs of schooling i.e. c051s of directly adminislering and sUPPOrting thé School op8r8tions including the Cost of Ihe Admissions and Markeling department. Bursary and School Offic&. Governance c0515 inGlude ExP8nd￿Lure on compliance with conslllulional and slalulory requirement5. The majority of Gosts are directly atlribu18ble lo specifiG a￿￿111￿9 and any apportionment beiweÈn h8adings & negligible. Page 32 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 TANGIBLE FIXED ASSETS All individual as5els 01 sets of assets costing rnLK8 than £2,500 and with an expeGled useful life ex￿edIng one year are FreehoW land and bU4￿1￿gS. furnilvrè 8nd equipm8nl 8nd motor vehicles purchased on or prior lo 1 August 2005 gk valutrs At 31 August 2025 34,711,783 7,665,871 747,146 165,9eo 43,290,760 Al 31 August 2024 35.310,369 890.107 155.765 36.356,241 The thaiily's freehold land and buiEding$ 3rÈ subjÈcl lo a legal charge in favour of the charity's bankers as security for bank loans (see Note 151. They arg also subject lo reslriclnie covenan15 relating to ihtrir future disposal. Fixtu￿5, furnilure and equipment includes assets under finanGe lease al nel book value £37.071 and depreciation haige for the year £148.61212024.. £185,683 and £148.611 respedivetyl. Future commitments ale Included in tredilors amounls due within one year of £37.560 and aller one year £nil12024.. £148,885 and £37.8131. 12 FIXED ASSET INVESTMENTS Llsted Investrnent Group M¥ikel valup at 1 September 2024 Nel uDiealised investm8nl loss 39,719 11,3601 Market value at 31 August 2025 38,359 HisloriGal cosi of Inveslmenls al 31 August 2025 and 31 Augus12024 47,577 Page 39 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 12 FIXEDASSET INVESTMENTS ICONTIMLIEDI Shaitrs in subsidiary cornpaDy Listed inv6slmenls Total charlty Market value al 1 SeplembÈr 2024 Nel unrealL%ed inve5ttnenl gain 39,719 11,3601 39,721 11,3601 Market value at 31 August 2025 3B,359 38.361 Cosl of Inveslmenls al 31 August 2025 and 31 August 2024 47.5TI 47.579 Shares in subsldlary company Al 31 August 2025 New Hall Sthool Tr￿11 owned the Èntir8 call8(l up share capi181 of New Hall School Enterprises Limited. New H811 School, The Av&nue, Boreham. CM3 3HS, a company Incorporated in England (No 35218881 and cairying out commercial trading activilEs, including lelling ol Èdutalional and sports laalilies. Charity Asummary of the r8suYLS of Hall School Enlerpiises Limited for the ye8rended 31 August 2025 is given below. Audited financlal statements will be flled with Ihe Registrar ef Compa￿￿$. Yotal Total 2025 2024 Profit and loss account Turnover Cosl ol sa￿$ 345,560 1244,3081 485,121 1449,1571 Gross profil Adminislralive expenses 101,252 142,5721 35,964 130,2141 Net profll Inet Income) profit for the year bèfore GiftAid Amount donated to New Hall School Trusl vla GiftAid 58,68D 5.750 Retained profil ftsrth6 financial year 58.6BO 5,750 The 355elS and liatslities of Nèw H811 School Enterprises Limited were as folk)ws." FrAed assets Current assets 1,629 B9,282 134.4071 2.172 248.296 1252,6441 56,504 12,1761 Shale capi181 and ftserves 56,504 12.1761 Turnover inG1ud8s £78,286 ID rtsp8cl ol corllmisslon tharges Its the School12024 - £138,156). Al 31 August 2025 the lotal ca￿tal and reseNes of NÈW Hall School Enterprise5 Limited amounted 10 £56,50412024- £12,I7611. Hall Mulli-AG3dpmy Trust l NHMAT") ￿ an exempl charity iegulaled by the Secretary ol Slal& for E(IuGalion through Ihe Education Funding Agancy, a company limited by guaranlee. incorpDraled in Englalld IND. 86438811 on 8 August 2013. Its charil8ble purposs is Ihe advanc6menl of educ31ion. Vthi￿1 ils assets are not wholly owned by New Hall School Tiijsl, Ihe ehaiily does exeifjise control over ils affairs and ils accounts ale Iherefore consolidated with those of Ihp Gharity. NHMAT operates MessIDg Prknary School as an academy. Asummary oflhe resums ofNHMATforlhe yearended 31 Augu512025 isgiven below. Audited finansial statements a￿ filed wilh the Reglslrar of Companps. Page 40 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 12 FIXEDASSET INvESTME￿rs ICONTINUEDI Totsl 2025 Tol91 2024 Tola1 income Total expenditure 1,582,446 1811,9901 647,311 N81 incomellexpendilurel for the year Actuarial gainll10$51 ort defined benefit penslon scheme 770.456 115,0001 IS3,8361 112,0001 Nel movemEnl in funds 755,456 175,8361 The asseis, liabilities and furKJs of N14MATweTe a5 follows.. Fixed assets Current 3sse15 1,048,769 1.110,624 1149,3511 1,085.537 225,474 156,4251 Defined benefit pen8ion scheme liabilily Total nel assets 2,010,042 1,254.586 Funds.. Total restr￿ed funds Unreslrided Income funds 1,846,413 163,629 136,576 Tolal funds 2.010,042 1.254,586 13 DEBTORS Group 2025 Charlty 2025 2024 2024 S¢hool fe8s and related charges Amount due from subsidlary compsny Sundry debtors Prepayments and acctued income 229.015 225,662 229,015 7,758 37,958 954,005 225,662 115.740 31,342 654,587 69,769 1,530,779 35,047 779,259 1,829,563 1,039,968 1,228,736 1,027,331 14 CREDITORS amDunts falllng duewlthln ono year Group Chaflty 2025 2025 2024 2024 Bank loans Inole 151 Trade ciedilors Amounl due lo subsidiaty company Taxation and social security Other credllors and accrua Finance lease Tuition fefy5 retslved in advance Relurnabl6 lee deposi15 frtsm pupils Comp05ilioD fess scheme Inole 161 177.269 1,672,B30 413.534 656.523 1T7,269 1.568,461 57.436 371,831 1,003,831 37,560 2.792.056 1,444.278 3,819,579 413.534 612.769 3B3,993 1,063,300 37,560 2,792,056 1,444,278 3,819,579 291,050 1,067,920 148,885 2.480,602 1,426.117 4,431,369 262,363 947.032 148.885 2.480,802 1,426,117 4.431,369 11,390,865 10.916,000 11,272,301 10,722.671 Page 41 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 15 CREDITORS atnourtts falllng due after more than one year 2025 2024 Charlty and Group Bank loans (see b&lowl Finance lease Composition fee5 scheme Inole 181 8,B46,542 5.228,467 37.813 5.806.661 3.663,964 12.510,508 10,872,941 The charity 8nd group have one bank I02n Iconsolid8led during the yearl secured by way of a first kgal ¢h3rge over the charily's freehold land and buildings and a550Gialed assets. Loan letms repayments are as follow8.. Charity and Group 2025 2024 Allei 5 years Wilh1fi 2 10 5 years Wilhin 1 10 2 years 7,997,165 654,026 195.351 4,332,499 443,978 451,990 8,846,542 177,269 5.228.467 413.534 Wilbin 1 year 9.023.811 5,642,W1 Interest rale Base rale plus.. Repaympnls commenced Fin81 repaymenl 1.45% April 2025 Nov 2049 16 COMPOSITION FEES SCHEME Parents may pay lo the S¢hool up to Ihe equivalent of seven years, luilion fees in advance. The money may be r&lurn8d subject lo Spe¢￿1¢ conditions on Ihe re￿Ipl ol one 18rm'5 noli 2025 2024 Charity and G¥oL¥P Al 1 Septernber 2024 New conlracls Fees paid Dlscounl allowed 10,038,030 2,050,200 14,819,5881 214,901 2,167,247 9,401,324 11,589.6521 59,111 Al 31 August 2025 7,483.543 10,Q138.030 Assuming pupils will remain in Ihg School the fees will be applled as follows.. After 5 years Within 2 10 5 years Vvilhin 110 2 years 44,788 3,052,771 2,509.102 1,814,556 1,849,408 3.663.964 3.819.579 5,606.861 4,431.369 Wilhln on8 year 7,483,543 10,038,030 Page 42 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 17 PERMANENT E14DOWMENT FUND 2025 2(Y24 Charity and Group Al I September 2024 Movement ID fund for the y8ar'. DepiecialioD charge 2,739,601 2,827.975 188,3741 188,3741 Al 31 Augusl 2025 2,6S1,227 2,739,801 The perm3nenl endowm8nl fund cowprises freehold land and buildings grfted lo the school on 1 Augus12005 by The Regul4r Canones8es ol Ihe Order of the Holy Sepulchre ol Our Lord. foi USÈ In Ihe lurtheiantè of the charily's objeclrrfes The fund is reduce(l Èach year by the depreciation 81tribu1ab￿ lo the underlying bu1￿1n0$. 1B GENERAL FUND 2025 2024 Group At 1 Seplèmber 2024 Income Expenditure Gains, losses and Ir8nsfers 29,203,885 23,686,707 29.71B,668 28.426,857 129.219,9811 128,882,984) 126,6951 At 31 August 2025 23,702.572 23,203.885 Charity Al 1 SepteM￿r 2024 Income Exp&ndilure Gains, losse5 3nd transfers 23,206,063 29,451,394 129,011.3861 23,694,635 28.078.120 128.566.6921 Al 31 August 2025 23,646,D71 23,206,￿3 19 RESTRICTED FUNDS The income funds of the charlly in¢lude res1[￿ted fundÈ comprising the following unexpended balanctss of donalions and g18nls held on trusts to be applied for specific purp05PS.- Gains, 1055es and transfpr At 31 August 2024 At 31 August 2025 Charity IThGQmÉ Exp8ndlture Scho12rship fuDd5 Other rèslricled donalion5 New Hall Volunlary SÈtViC8S New Hall AssccK8lion 42,606 8.811 32.739 26.962 1,596 594 10,753 4,118 11.6491 14991 16,6341 11.3601 41.193 8,906 36,858 31,080 17,061 18.7821 11.3601 11B,037 Page 43 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 19 RESTRICTED FUNDS ICONTINUEDI Gains, losses and Expènditure transfers At 31 Auoust 2024 At 31 August 2025 Incorne NHMAT funds Genera1 Annual Granl IGAGI Start Up Grants Olher DIEIESFAGran15 Pupil Premium Local 8ulhorily giants 507,150 1527,4331 120.3551 180,3951 129,9271 159,8461 20.283 20,355 7,432 4.686 72.963 25,241 59,846 Other reslricled funds.. Pension reseFve Fixed assets transferred on convÈrsion Capital expenditure Unte$tricl8d funds 3.000 12,000 115,0001 164,418 921,119 136.578 164,418 1,681,998 163,629 858.861 55,385 1101,6651 14,3691 3,￿0 123.9631 1,254,586 1,582,446 1811.9WI 115.Crt)01 2,010,042 Total Group 1,365.704 1,599,507 1820,7721 116,3601 2,128,079 The $p8cific purposes for which the funds held a131 Au9USt 2025 are lo be applied arÈ 88 folbws.. Scholarship funds Monie5 received lowaTd5 the funding and payment of scholarships school pri￿5. other restricted lunds Donations received lo suppori H3r(15hip Bur8ary award5 and for olher specifi¢ purposes. New Hall Voluntary Servi¢es INHVSI Mon￿$ receiveLI include dtrn81ion5 lo be apPl￿d to vsrious ¢harflies and lowar(Is the provksion of community lunch8s and an annual summer scheme for deprived children. N8w Hall A5so¢l8tlon (New Halllanlold Fi5hesl Monies received lo be applied lo maintain cgniact wlh lormer studenls of New Hall School and lo protnole the gims of Ihe School. NHMAT funds General Annu81 Granl IGAGI granl fund- Funds r8r*pl￿ from the DIE under the General Annual Grant 8rrang8menlsfor the recufrenl expendilurèof Ihe School as defined in the Funding Agreemenl. Slart Up Grants- This represents on8 orf funding retÈived frTrm the DE lo contribute lo the cost of selling up Ihe Mulli Academy Trust and lo svppori the gGademy following Ihe Ir8nsilion to aGademy s181us. Other DfE grants- Other governmenl grants received for restricted educ5t￿nd1 purposes nol formlng part of Gene[81 Annual Grant. Local authority granis- Grants recewed frorn the lor21 authority for raslricled eduGallonal purposes. Pupll Premium Funds received fiom Ihe OfE under the Pupil Pfemiutn grant arrangements for the recuifenl eX￿ndIt￿re of the SGhool a8 defined in the Funding Agreement. Pen510n reserve- The pension reSe￿e ￿COgnISeS the deliGiI of lh8 kJc81 goveinmenl pension scheme. The puipose of th8 Reslllcted Fixed Asset Fund is lo hold Ihe Aca¢Jerny's fixed a5se15 recorded net of depreciation. Induded in th8 above are Iran5fers t￿1Ween general funds, feslricled fixÉd assets and GAG. These transfers weify mad8 to move the GAG balance from a negative balance lo nil and lo agree th8 raslncted fixed asset reseNÈ lo the nel book valu8 of fixed assets. Page 44 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 ZO ANALYSIS OF NET ASSETS BÉTWEEN FUNDS NHMAT Ptrmanent restrl¢Led end0￿1nenl funds fund General Restrfcted fund funds GTOUP Total funds Fund balan¢es 3t 31 August 2025 are repr95enttrd by.. Tangible fixed a5sels Fixed assÈl Investmen15 40,641.162 1,048,769 2,651,227 44,341,1$8 38,359 13.387,1331 38.359 79.678 14,428,084) 961.273 Creditors.. Èmounls falling due after more Ihan oTre year Pension s¢h8m& Iiabilily 112,510,506) 112,510.5061 Total net assets 23,702,572 118,037 2.010,042 2,651.227 28,481.876 Pormanent endowmerst fund Generdl Restricted fund lunds Charity Total funds Fund balances at 31 August 2025 arè represented by-. Tangible IiKad assets Fixed asset illvèslmenls 40,639,533 2.651,227 43,290,760 38.361 14.403.280) 38.359 79.678 14,482.9581 Creditors.. amtsunis falliw due after more than on8 year I12,510,5(￿l 112,510,506) Total a8Sots 23.646,071 118,037 2,651,227 26,415.335 21 PENSION COMMITMENTS Teachers, Pension Sch8m8 The School and Ihe Mulli-AGademy Trusl partiGlpÈtè in the Teacher$. P6nsion Scheme I'lh&TPS'I for Iheirleaching slaff. Contribulion5 amounting lo £173.65612024- £166,219) wère payable lo Ihp scheme al Ihe year end and are In¢luded w￿h1n cre(litorg The TPS 15 a slalulory, contiibulory, defined beDefil scheme. governed by Ihp Teaehers, Pens￿￿ Sch8m8 Regulation5 2014. Membership Is automatic for learhers in acadetny Irusts. All leaGher5 ha￿ the option lo opt-oul ol the TPS fdlowing enrolmenl TheTPS is an unlunded scheme lo which bolh the member and empbyer make conlribulions. as a percentage of saLqry Ihese Goniilbuiions are crediled lo th8 Exchequer Retirement and olher pension bpDefils are paid by public funds provided by Parliament. Valuatio# of the TeaGhets' Pen8ion Scheme Th8 Government Acluary, using noitnal actuarial principks. conduGlS a fonral 8clu3rial revI8w of the TPS in accoidaD¢e with Ihe Public SÈrvice Pensions Ivalualions Employer Cost Capl Directions 2014 published by HM Treasury IHMTI every 4 year8. The airn of Ihe rwiew 15 lo ensure scheme Gosts are recognised and m8n8ged appropdalety and the Trview $p8afies the ￿Ve1 of future contributions. Page 45 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 21 PENSION COMMITMENTS ICONTINUEDI Valuation ol the Teachers, PÈnslon Schem¢ Icontlnuedl Actu3rial schema valuations ale dependent on assumptions Èboul the value of future cosls, design ol beneflls 8lld Tnany Other faclois. The lalÈsl actuari31 valuation of the TPS was carried out 88 8131 M4r¢h 2020. The valualion report was published by the Departmeni for Educat￿n on 27 October 2023, with the SCAPE rale. sel by HMT. app￿illg a notional inveslmeni return based on 1.7Yo above the rale of CPI. The key ekments ef the valugllon oulcorne are.. Employer conlribulion ral8s sel al 28.68¥￿ of ￿nsIOnable pay Ilncluding È 0 08% adminislfalion levyl- Thi% is increase 015% in employer conlFibulions and the cosl control resull is 5Uth that DO Ghange in rnernber benefi15 nEÈded. Tol81 scheme li4bi111168 (pensions currently in paytnenl and the eslima18d cost of future benelilsl for $8rvice1g the effeclive dale of £262,000 fflillion and Trolional assels leslimaled fulufe GoDiribulions togplher with the notional inveslfflenls h&ld al the valuation dale) of £222,2QO million. giving a notional pasl serV￿e def￿11 ef £39.800 million. The result of thi5 valuation was impkmented on 1 April 2024. The next valualion resull is due lo bp imp￿mented Irom 1 April 2027. The employerfs pension Gosls paid to TPS in the year amounted lo £1,560,9)412024- £1.488.7731. A copy of the valu8lion report and supporting docutnenlallon Is on the Teachers. Pension5 website. Under the (lefinilions s81 oul in FRS 102, the TPS is an unfullded mulli-amployer pÈnsion scheme. The School and the mutti- academy tru51 are unable lo ￿enIfy their share of the undertylng assets liabiltties of the pl8n. Accordiwly, Ih8y havelaken advantage of the exemplion In FRS 102 and accounled forconlnbulions lolhtr sclTreme as if a defined ¢ontiibulion sGhem&. Th& infoFfflalion avai18ble on the scheme is set oul above. standard Life Stakehclder Pen$lon Scheme The School conlribule5 to the Sl8nd8rd Lrfe Stakeholder P&nsion Schem& for its support staff. This is a defined Cofilribulion scheffle towards which employees can choose their level of contribution. For employ8e5 who ornm&nced employment before 1 January 2010, conlribulioD5 up lo 9% of gloss salary are malcfEd by Ihe employer,. if 9'h or above, eTNployér contributions ar& 9*h. For employees who commenced employmenl from 1 January 2010. Ihe maximum employer conliibulion is 4% of gross salary. The cost of contributions p8id lo the Scherne during Iheyearwas £230,94012024.' £220,677) and altheyear*nd£38,01812024- E34,7011 was accrued In res￿tI of conlribulions lo this scheme Local Government Penslon Sch£mÈ ILGPSI The Mulli-Academy Tru51 partlcipal65 in Ihe LGPS for support Staff. This is a funded defined ￿nefIt schem8. with the asse15 hÈld in separate Iiuslee-adminislered funds The lolal contribution made for Ihe year ended 31 August 2025 was £47,00012024 - £43.0001. of which employer'8 conlribulion8 totalled £38,000 12024 . £35,00018Trd employees, conlribullons lo1851ed £9,0￿12024. £8.0001. The agreed 8mpknyets' ¢onlribulion ralÈ for lulure years is 25'kn. Parfiamenl ha5 agreed. at the requ8St of the S8cr6lary of Slate for Education, lo a guarantee th81. in the event of 8cademy trust closure. outstanding LoGal Government Pen8ion Scheme l18bililieswou￿ be mel by Ihe Dep8rtment for Education. The guarantee came inlo force on 18 July 2013. and on 21 July 2022. Ihe d8partmenl for Education reaffimed ils cotnmiimenl lo guarantee, with a pailiamenlary minuté published on GOV.UK. Principal Actuarlal Assumptions At 31 Augus( 2025 At 31 Au9usI 2024 Discount rale foi $th8me li8bililiÈs Rale ol increase in salaries Ral8 01 increase for pensio￿$ in payment l inflation InflalDn assumpt￿￿ ICPII 6.05% 3.55% 2.55% 2.95% 5.10% 3.75% 275V 3.05% Page 46 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 21 PENSION COMMITMENTS ICONTINUEDI Local Government Penslon Scheme Icontlnuedl The ¢urienl mortality assumplions include Suff¢￿nt alowance for futuré Improvemen15 in mortality rale5. The assum8d life expeclalbns on reliremelll ag¥ e5 are.. At 31 August 2025 Al 31 Augu51 2024 R8liriny ILthv Males Female5 Reliring IFJ 20y88rs 21.8 24.1 20.7 23.3 23.4 25.8 22.0 24.7 FeMa￿S Sensltivity aDalysls 2025 £000 246 13601 360 13461 353 13531 2024 £o(N) 376 13921 393 13751 384 13B41 Discount rale +0.1% Discounl rale-o 1% Life expedÈn¢y- 1 yeaf increase Life expedancy- 1 year decreas Sabry incr8as8 +0.1Q Salary decrease-0.1% The academy's share of Ihe a5sel$ in the scheme wa$.. Falr value 2t 31 August 2025 £000 2BS Fail valLE al 1 September 2024 £000 238 Property Cash and other liquid assets Allernalive asselslolher managed funds 40 167 141 Total market value of assets 507 423 The actual rèlurn on schetne a55els was £19,00012024- É23,0001. The amounts recognised in Ihp Statement of FSnan¢ialAclivilies aro as follows.. 2025 £000 126 23 1201 2024 £000 1241 Current servlce cost Interest incomè Interest cost Total amount reGognlsed ln tho Statement of Flnancial Actlvltl88 123 1231 CharvJe5 in the pr8s6nl value of tho defined benefil oblvJalionwere a5 lolbv4S.' 2025 £000 2024 £000 At I SÈptember Current service c051 Interest cost Employee contributions Aclu8rial losses Eslifflaled b&nelils paid net of trBnsfers in 384 26 20 338 24 18 At 31 August 353 Page 47 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 21 PENSION COMMITMENTS ICONTINUEDI Lo¢HI Governmont Penslon Sch&mg l¢oTrtinutrdl Changes in the fair ¥alue of the academy's share of scheme assets were as follow5.. 2025 £000 2024 £000 345 19 23 35 At 1 Septembpr IDleresl incomè Relum on asse18 less inter8sI Employer conlribuliony Employee C￿tr￿￿tionS Eslimsled benefits paid plus unfuNled nel of transfer5 In Olher actuarial gains 423 23 38 At 31 August 507 423 The Mukti-AcadeTnyTrusl 18 aware Ihal Ihe Court ofApp8al has recently upheld Ihe decislon in t￿ Wirgin Media vs NTL Pension Truslees11 Limited case. The decision puls 1nlo question the validity of any 8msndmenls made in respect of Ihe rules of 8 conlr¥cled-oul pension scheme between 6April 1997 and 5April 2016. Thejudgtnenl means Ihal some historic ameiKlmenls affecting s.912BI rights COU￿ be Vokl if the necessary aGtuarial confirmation under 5.37 of lh& Pension Scheffles Acl 1993 was not obtained. On the 5 June 2025, the Governmenl gnnoun¢ed ils irtlention lo inlroduce legislaih)n to giv8 affected pension schemes th8 8bility lo relfospeG1￿ety obtain written conlirmalioD thai historical benefil changes tnel Ihtr néc8ssary standards. However. details of the legislation have been announced all(t il'5 not ¢lear how this inleracls wilh IhÈ invèsligalions made by the UK Governm&nl'sAclu8ry's Dep8rtmpnl Iherefoie the polen1181 imp3GI il any, on th8 valualion ol schemo liabililEs remains unknown. 2025 £000 2024 £oDo Prosenl value oldpfined benefit oblvJalion Fair valua of sch8m8 assets 13531 507 13841 423 Nel 8ssel Effeci of asset ￿lling 39 1391 11541 Nel ¥sseUlliabililyl recognised in Ihe balaDGe sheet valualion of the Local GovÈrnmènl Pension Schpme as at 31 August 2025 resulted in a nel as5￿ position of £154,00012024.- £39.0001 The valualion included wilhin IhB financial slalemenls is £Nil on the basis that is is not known whether the Trust will be able lo rewvèr the surplus eilher through reduted contributions in Ihe fulurts or through refunds from the pl8n. 22 FINANCIAL INSTRUMENTS 2025 2024 FlnancLal assels measured 81 fair value 38,359 39,719 Financi81 assels held al fair value Includ8 assels hekl as inveslments. 23 CAPITAL COMMITMENTS AI 31 August 2025 the gfOJP ¢harfly had the following capital commllmenls.. Total 2025 Total 2024 Charity and Grtsup ConlraclÉd bul not provided for. 139,510 Page 48 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 24 OPERATING LEASES Al 31 August 202S. chariLy h&1 commitménts und8r non-cancellable operating lÈas8s as follow5". 2025 2024 La￿￿ Lwildings Land and buildings Charlty and group Equlpment Equipment Oper81ing ￿a$88 payments in Ihe foll¢)wing periods-. Within one year Within two lo five yea[5 After more than fwe years 40,821 57.682 191.036 25,071 28,505 28.821 57.682 205.457 58,563 63.349 289,539 53.576 291,960 121,912 Expendilure for the year in¢ludes op&Ealing lease relllals.. 37.621 52.122 39,716 93,157 28 MEMBERS. LIABILITY The tharily is consliluled as a company liffliled by guafant88. In lh8 8venl of the chaiily being wound up. membprs are required lo contribute an amount not eKGeedlng £1. 26 RELATED PARTY YRANSACTIONS During the ye8r, NHST paid NHSE £78,266 12024 . £138,156 + VATI in respeGI of recharged pupil ageDGy commission cfv8wes and £71,472 12024 - £87,771 + VAT) recharg8d electri￿ty. NHMAT received a￿rnIn￿1[all￿8 5UPPQrt. payrdl $6Nices, leaching support and senior man8gemenl oversight during Iha year on an 3d hoc basis. No tn31erial financhql Iransact￿TrS otcurred during 2024-2512024- nill. During the year, one Governor had one child 51udyiDg al Ihe School. Al Ihe year end, the Piincipal held fOre￿n t￿r￿nCY floats ol nil 12024-. US$152 and É8001 on aGsovnl Df cash expendilurÈ on School Irips underfaken over t￿ surnmer holidays. Page 49 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 27 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES- COMPARATIVE FIGURES BY FUND TYPE MulliAc8demy Permanenl Reslricled Endowmenl Fund Fund Unrestricled Funds Restricle Funds Total 2D24 Income and endowments from.. Donations Charitable actlvitles School fees and olh8r charges Funding for educalional wrposes Olher Oiher trading activities InvÈstmÈnts 30.652 17,513 48,t6S 27,850,198 27.850.198 571,831 47,160 375,865 191,751 571.831 47,147 346,￿5 182,547 13 28.wo 2,372 6,632 Total Income Expendlture on.. Charltable activitles Provision of education Raising funds Raising donations Trading.. cost of goods sold and olher costs 28,426,857 37,497 620.616 29.084,970 28.539,268 25.850 701,672 88,374 29,355,164 1,772 80 9.475 11,327 341.944 341,944 Total èxp&ndltui8 N61 g2inslllo8sesl on Inv&slmenl3 28,882,984 25,930 1,632 711,147 88.374 29,708,435 1.632 Net lexpondlturelllncom8 Transfers between funds Aduarial Ilossesygains on defined bÈnÈfil pension scheme 1456,1271 126,6951 13,199 190.5311 26,695 188,3741 1621.8331 112.0001 112,0001 Net movement in funds Balances brought foward al f Augu512023 1482,8221 13.199 (75,8361 188,3741 1633,8331 23,686,707 97,919 1,330,422 2.827,975 27,943.023 Balances cartled fomard at 31 August 2024 23,203,885 1,254,586 2.739.601 27.309,190 28 COMPARATIVE FUND NOTES General Fund 2024 2023 Group Al 1 August 2023 Income Expenditure Gains, losses and Ir8nsfers 23,886,YOT 28.426,857 128.B82,9841 126,6951 21.066,574 26,581,286 125,476,119) 1,514,966 Al 31 August 2024 23,203,885 23,686.707 2024 2023 Charity Al l Augus12023 Income Expendilute Gain5. losse5 and transfers 23,694,635 21,096,939 28,078,120 26.268,382 128,566,692) 125,185.6521 1.514,966 Al 31 Augu812024 23.206.063 23,894.635 Page 50 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 28 COMPARATIVE FUND NOTES ICONTINUEDI Restricted Funds The income fun(15 of the charrty inrludp reslricled funds comprising the following unexpended balan¢8s of dollalion5 and gFanls held on IFus15 ID bè applied for specific purp05es.' Galn$, losses and transf@rs At 31 July 2023 At 31 August 2024 Charity Income ExpenditUT¢ Scholarship funds othgr r851riGièd donallon8 Npw Hall Volunlary S8rvicÈs New Hall As50ualion 41,025 6,568 22,356 25,970 1.632 gr 29.747 5,212 11,6831 16631 119,3641 14.2201 1,632 42,606 8,811 32,739 26,962 97,919 37,497 125.93DI 1,632 111,116 NHMAT fund5 General Annual Grant IGAGI start Up Granls Olhei DfEIESFAGranls Pupil Premium Local auihorily grants Other reslriclpd Ivnds.. Pension resetvg Fixed assets IransferFed on convers￿￿ Capital expÈndiiur& Unreslricled Ivnds 16,681 20,355 6.638 5,007 444,468 1537,0291 75,880 20,355 7,432 4,686 58.406 23,077 47,962 157,6121 123.3981 147,9621 1,000 4,889 11.OOD 142.6211 112,OOQI 772 958.079 164,418 159,244 921.119 164,418 136,576 40,814 113,5251 149.9571 1.330,422 620,616 1711,1471 14.695 1,254,586 Total CharKy and group 1.428.341 658,113 1737,0771 16.327 1,365.704 Analysls ol Nèt Assets Bo￿ve￿n Fund5 NHMAT Permanent rgstrlcted eNlownent funds fund Gonoral Re5trlcted fund fund$ Group Total fund5 Fund balances at 31 August 2024 are represertted by.. Taro*Jl8 li¥ed as5els Fixed asset Investments 33,618,812 1.085.537 2.739,601 37,443,950 39,719 698,462 39,719 71.399 458,014 169.049 Creditor5." amounis falling due after more than one year Pension schem8 liability 110,872.9411 110,872,9411 Totol net assets 23.203￿85 111,118 1,254,586 2,739,fj01 27.309,190 Page 51 NEW HALL SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 28 COMPARATIVE FUND NOTES ICOWTINUEDI Analysis of NÈtAsspiS Between Funds l¢onUnu8dl Permanent Restrl¢tBd 8ndowMent funds fund Total funds General fund Charity Fund balances at 31 August 2024 are represented by-. T8ngibk fixed 8ssels Fixed assÈl InveslmÈnls Nel currenl Iliabililiesya55els Qredilors amounis falling due after more Ih8n one y&ar 33.616,640 2,739,601 36,356,241 39.721 533.761 39,719 71,399 462,362 110,872,941) 110,872,941> Total nèt assets 23,206.063 111,118 2,739.601 26,056,Y82 Page 52