Charfty reglstratlon number 1110550 {England and Wales) THE ROYAL BALLET SCHOOL PARENT TEACHERASSOCIATION ANNUAL REPORT AND UNAUDITÈO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION LEGALAND ADMINISTRATIVE INFORMATION Trustees D GajadharsiThJh S Chironi J Tait-Harris S Phoenix A Wrthers B Halley J Carayol Z Krislalli L Hamilton MEde Dr Rathael Hogan J Yadta H Collett A Waker IAppoinled 2 October 20241 (Appointed 13 September 20241 (Appointed 13 September 20241 (Appointed 1 September 2024} (Appointed 1 September 2024} (Appointed 20 March 2026) (Appointed 7 Odober 20251 (Appointed 5 October 20251 (Appointed 26 September 20251 IAppDinled 26 September 20251 IApKK>inled 26 September 20251 IApw)inted 26 September 20251 IAppDinled 26 September 20251 (Appointed 26 September 20251 IAppDinled 26 September 20251 IApp)inled 26 September 20251 (Appointed 28 March 2026} F Rodrigues - Hasketh C Lavaux WalEer L Francis S Pettigrew E Lear M Morrison L Leaf Achan L Ber*mann VPe S Lake G Boeheim O Muravrtskaya C Craggs Charlty r8glstratlon England and Wales 1110550 Principal address ile Lodge Richmond Park Richmond Surrey TW10 SHR
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION LEGALANDADMINISTRATIVE INFORMATION Independent examlner Clarke & Co A¢om House 33 Churchfiekl Road London W3 6AY Accountants CL3rke & Co Acom House 33 Churchfield Roal LondTh) VW3 6AY Bankers HSBC PIC 60Albert Road Mmddlesbrough TSI 1RS
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION CONTENTS Page Trustees feport Slalemenl of Trustees respOnsili11es Independent examinerfs report ststement of financial activities Balance sheet statement of cash flows Notes lo the financial slalemenls 9-13
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report and financial stemenls for the year ended 31 Augtjst 2025. The financial statements have been prepared in SordanCe the accounting policies set out in note 1 to tho financial slalements and compty with the charities governing instrument. the Charities Act 2011 and 'A¢counling and Reporting by Charities.. Statement of Recommended Ptath"ce applicab lo chatitie5 preparing their accounts in accordance wlh the Finanaal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" leffeclive 1 January 2019). The Trustees are satisfied wth the perfom)ance of the chanty during the year and the position at the year end and consider that the charity is in a strong positson to continue rts activities during the comng year and that the ¢haritls assets are adequate to fulfil rts obligations. The prewous Royal Ballet School Parent Texher Association gained tharilable slalus on 22nd July 2005 and the tharity is now govemed by a tnjsl deed. Objectlves and a¢tlvltteS The objective of the asswation is lo advance thè education of pupils in the sehool in particular developing effect¢ve relationships beeen the stsff. pafenls and others associated wlh the schoot and engaging in activities or providing facilities or equipment whith support the school and advance the education of the PL¢piIs. The association aims lo support the activitses of The Royal Ballet Sthool in the education of ils students by provlding f8cililies for the benefit of students. These facilib.es indude equipment for use by the students in the course of their general edtjcalion an(5 balt training and also their general wellbeing in the boarding environment. The assoualion also supports events organised lo develop relationships belween staff. parents and students which are essential due to the specialisl naiure of the education and training given and the boarding environment in which it takes place. Irtr order to ftJEfiI ils o'ectives. the a5socith.on has enga9ed in fundraising activities to provide adequate funds which can be disbursed. The Trustees have paid due regard lo guidance issued by the Charity Commission in deading what activities the should undertake. Achievements and perforniance Ftjnd raising aCtiv$S tncreased significanuy on the prior year as did the charitable activities of the associatson. A small surplus recorded for the year which the trustees consider to be sab"sfactory. Flnanclal revlew The Trustees have resofved lo establish reserves to provide for future activities. The policy on ieserves is that the existing assets are retained to enable grants lo be made lo The Royal Ballet School for the benefit of pupils of the school in accordan wilh the aims of the associab"on.
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 General Pollcle$ The Trustees are fesponsible for preparing the Report of the Trustees and the financial statements in accordance wlh applicable law and United Kingdom Accounting Standards Iunited lfjngdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011 and the provisions of the trust deed fequires the Trustees to Pfepare finan¢k41 slalemenls for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resour$ and application of resources, induding the income and expenditsjre, of the charity for that period. In prepariThJ those finaThial statements, the Trustees are required lo.. ' select suitable accounting poliryes and then apply them consistendy- observe the methods and principles in the Charity SORP. ' make judgements and estimates that are reasonable and prudent. and prepare the financial statements on the going ccw basis unless it is inappropriate to presun* that the charity 11 continue in business. struduie. governance and management The charity is controlled by its governing document. a deed of Irust, and conslitules an unincorpoialed charity. The Trustees who served during the yeaf vp to the dale of signature of the financial ststements were.. D Gajadharsingh S Chironi J Tait-Harris S Phoenix A Wlhers B Halley J Carayol Z Krislalli K Harrold L Hamilton MEde Dr Rachael Hogan J Wesl J Yadla H Collett A INaker F Rodrigues- Hasketh C Lavaux M Waller L Francis S Peltigrew E Lear M Morrison L Lear A Chan L Beckmann V Perry S Lake G Boeheim O Muravitskaya C Craggs {Restgned 1 September 20251 (Resigned 1 September 20251 (Appointed 2 October 20241 IAprx)inted 13 SeptembeT 20241 {Appoinled 13 September 20241 (Appointed 1 September 20241 (Appoinled 1 September 20241 {Appoinled 20 March 2026) {Appointed 7 Ociobef 2025} (Apwnted 5 October 2025} (Appointed 26 September 20251 (Appointed 26 September 20251 (Appointed 26 September 20251 (Appointed 26 Seplember 20251 {Appoinled 26 September 20251 {Appoinled 26 September 2025) {Appoinled 26 September 2025} (Appointed 26 September 2025) (Appointed 28 March 20261
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Nono of Ihe Trustees ha$ any ben&ficl tntéresl in the comwy. All of th? Trnslaes we membef$ of the company and guarantee to conlrlbule £1 in thts event of a vindiThJ up. Reportlng accountant In accordance will) the comp8nY$ artides. 8 resolution prot th Clarke & Co be reappolnted as Independent examln6r of the company will be pth at a General Me¢ting. Dlsclo¥uro of Inlormatlon to rnportlng ac¢ountant Each of the TTuslees has conflrmed that thare Is no Infom)aknn of which they are aware whth is relevant lo the audit, but ot.whlch thg auditor 15 urtaware. They have Ier confimied that they have taken 8pproprlate steps lo Identify Such relev8nt Infomalion and to establish that the auditor is aware of such infonmatlon. The TTustee$ r6POrtwa5 approved ty Ihe Board ofTruslee8. S Chlronl 4 June 2026
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees are reSponble for pparing the Trustees Report and the financial slalemenls in aec¥)rdan¢e wllh applicable law and United Kingdom AcL(MJnts"ng Standards (United Kingdom Genefally Accepted Accounting Pracli¢el. The law applicable lo charities in England and Wales requires the Trustee5 to prepare financial statements for each financial year which give a true and fair wew of the stste of affairs of the and of the incoming resources and application of resourees of the for thal year. In preparing these financial slatemenls, the Trustees are required to.. select suitable accotjnling policies and then apply them consistenUy- obsenie the methods and principles in the Charities SORP.. make judgements and estimates that a reasonable and prudent., slate whether applicable accounting standards have been followed, subjecl to any material departures disclosed and explained in the financial ststemenls", and prepare the financial slalemenls on the going conrn basis unless rt is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficienl accounting records that disclose with reasonable accuracy al any lime the financial position of the and enable them to ensure that the financial statements comply ¥Mlh the Charities Act 2011, the Charity (Accounts and Rewrtsl Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the and hence foi taking reasonable steps lor the preventson and detection of fraud and other irregularities.
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION I report lo the Tiuslees on my examinalion of the financial statements of The Royal Ballet School Parent Teacher Association Ilhe I for the year ended 31 Augusl 2025. Responsibilities and basls of report As the Trustees of the you are responsiUe for the pfep8rab.on of the finanryal slatemenls in accordance with the requirements of the ChariliesAct 2011. I report in respect of my examInatn of the 's financial statements carried out under Section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)Ibl of the ChariliesAct 2011. Independent examinerfs statement Your attention is drawn lo the fact thal the charity has prepared the financial statements in accordance wth the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance wth the Finanaal Repo.ng Standard applicable in the UK and Republic of Ireland {FRS 1021 in preferen to the Accounting and Reporting by Charities." Statement of Recommended Practice issued on 1 April 2005 which is refetred to in the extant regulabons but has now been withdrawn. I tjndersland that this has been done in older lof the finarbcial slatemenis to Fyovide a true and fair view in accoidance with UK Generally Accepted Accounting Prac1J. I have compleled my examination. I confim that no matters have me to my attenlion in connection with the examination giving me cause lo believe that in any material respect-. accounh'ng ¥ecords were not kept in respect of the as required ty section 130 of the CharitiesAcl 2011. the financial statements do not aGCOfd wth those recoids.. or the financial statements do not comply with the applicable requirements ConmIng the form and conlenl of financial statements sel out in the Charities (Accounls and Reports) Regulations 2008 other than any requirement that the finan¢Èal stslemenls give a true and fair view, which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wth the examination lo which attentson should be drawn in this report in order lo enable a proper underslallding of the financial statements to be reached. Clarke & Co M. T. Stower FCA Acorn House 33 Churchfield Road London W3 6AY Clarke & Co Chartered Accountant Dated.. 4 June 2026
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION STATEMENT OF FINANCIALACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST2025 Unrestricted funds 2025 Unrnstrlcted funds 2024 Notes Income from: Donations and legacies Other trading activities 11.768 38,482 13,242 36,922 Total Income 50.250 50,164 Expgndlture on: Raising fvnds Chatable activities 1.687 25,867 7,871 46.212 Total expendlture 27,554 54,083 Net incomellaxpgndlturel and movement in funds 22,6 {3.9191 Reconclllation of funds: Fund balances al 1 September 2024 57,413 61,332 Fund balances al 31 August 2025 80.109 57,413 The stslemenl of financial activities indudes all gains and losses recognised in the year. All income and experidilure derive from continuing activities.
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION BALANCE SHEET ASAT.31 AUGUST2025 2025 2024 Not¢5 Current assets Cash at bank and in hand 84.098 83.434 Credltors.. amounts falllng due withln one year 10 (3.9891 126,0211 Net current assèts 80.109 57.413 Th* lunds of th Unrestricied funds 11 80.109 57,413 80.109 57.413 The financial ststements were approved by the Tru51ees orb 4 jur 2026 S Chironi Trustees J Yadla Trustees
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash generated from operations 18.868 Net cash genorated from Investlng activlties Net cash generated from finan¢lng actlvltles Net Inerease in cash and cash equivalents 18,868 Cash and cash equivalents al beginning of year 83.434 64,566 Cash and cash equtvalents atend ofygar 84,098 83,434
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcle8 Charity inforrnation The Royal Ballet School Parent TeacherAssouation is a unincoTporaled charity established by a trust deed on 23 Oclobei 2004 . 1.1 Basis of preparation The financial slalemenls have been prepared in accordance with the 's governing document, the Charities Act 2011. FRS 102 "The Financial ReKx)rbng Standard applicable in the UK and Republic of Ireland" and the Charities SORP ' AccoLFnting and ReFx)rtFng by Chariti"es.- Slalement of Recommended Practice applicable lo chaiilies preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" The is a Public Benefit Enb"ty as defined by FRS 102. The ffinanual statements have departed from the CharitÈes {Accounls and Reports) Regulations 2008 only lo the extenl required to provide a true and fair wew. This departure has involved followng the Slalement of Recommended Practice for charities apYIng FRS 102 rather than the version of the Slalement of Recommended Practice which is referred lo in the Regulalions but vthich has since been ¥wthdrawn. The financial statements are prepared in sleTling, which is the functional currency of the . Monetary amounts in these financial slatements are rounded lo the nearest £. The financial stslemenls have bn wepared under the historical cost cL)nvenlion, modified to indude the revaluation of freehold properties and to indude investment properties and certain financial inslrunenls al fair value. The principal accounbng leS adopted are set out below. 1.2 Going concern Al the lime of approving the financial stslement5, the Trustees have a reasonable expectation that the has adequate reSoUrS to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the g¢ing t>)ncem baS of accounb.ng in prepartng the financial statements. 1,3 Charltable funds Unrestricted funds are available for use at the discreb.on of the Trustees in furtherance of their charitable objeth'ves. Reslricled funds are subject lo SpefiC condrtions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are set out in the notes lo the finanaal slalemenls. Endowment ftjnds are subject to 5pecffic corKlib"ons by donors that the (apilal musl be maintained by the charity. 1.4 Income Income is recognised when the is legalty entitled lo il after any performance Condilions have been met. the amounts Can be measured rellay, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are COgnised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under GrftAid or deeds of covenant is re¢nised al the lime of the donation. Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known. and receipt is expected_ If the amount is not known, the legacy is treated as a contingent asset.
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountlng policles (Contlnuedl 1.6 Expenditure Expenditure is recognised once there is a legal or nstctIve obligation to transfer economic benefit lo a third party, it 15 probable that a transfer of econorT7iC beneffts VAIS be required in setllemenl, and the amount of the obligation can be measured lIablY. Expenditure is classified by activity. The costs of each activty are made up of the total of dIrt costs and shareLI costs, including support costs invofved in undertaking each aclivity. Direct costs attribulatAe to a single activity are allocated directly to that actwity. Shared costs which contribute to more than one activity and support costs which are not atthbutable to a single activity are appO'0ned between those activities on a basis consislenl with the use of resources. Central staff costs are allo¢aled on the basis of tsme spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposrts held at call wilh banks, other short-lerm liquid inve5tment5 Nvith original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin boffowings in cuirenl liabilitses. Basic financial assets Basic finarcial assets, which indu(fe debtors arKI cash and bank batances, are initially measured al transaction pri including transaction costs and are subsequently cairied at amortised cost using the effeciive interest method Un$$ the arrangement constitutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted al a market rate of interest. Financial assets dassified as recetvable wlhin orie year are not amortssed. Basic financial liabilities Basi¢ financial liabilities, induding cre(Jitors and bank loans are initially recognised al transaction price unless the arrangement conslilutes a financing transaction. where the debl instrument is measured al the present value of the future payments discounted at a maTkel rale of interest. Financial liabilities da5sified as payable thin one year are not amortised. Debt inslrufflents are subsequently carried at amoth.sed cost. using the effecttve interest Tate method. Trade creditors are oblwJatbons to pay for goods or ServIS thal have been acquired in the ordinary course ol operalioris from suppliers. Amounts payable are classified as cutrent liabilities if payment is due within one year or less If not, they are presented as non-currenl liabilities. Trade ereditors are recognid initially at transaction price and subsequenlty measured at amorbsed cost using the effective interest method. Derecognition of tinancial liabilities Financial liabilitie5 are derecognised when the's conlractual obligations expire or are discharged or cancelled. 1.7 Employee beneflts The cosl ol any unused holiday enlttlemenl is recognised in the peri¢xl in which the employee's services are reived. Termination benefits are recognised immediately as an expense when the is demonstrably ¢ommilled to terminale the employment of an e(nployee or to provide lerminalion benefits. 10-
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 crftlcal accountlng ostlmates and judgements In the applicalN)n of the 's accounting wlicies. Ihe Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabililies that are not ¥eadily apparent from other sources. The estimates and assrKialed assuwnpkn.ons are based on historical e4rten and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying aswmptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is fevised wheie the revision affects (nly that period, or in the peiiod of the revision and fLrture periods where the revision affects both wrrenl and future periods_ Income from donations and legacies Vnrestrkted funds 2025 Unre$lrlct8d funds 2024 Donations and gifts 11,768 13.242 Income from other tradlng actlvltles Unrestrlcted Unrestricted funds funds 2025 2024 Fundraising events Shop income 38,482 36,890 32 Fundraising 38,482 36,922 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising and publicity Seeking donations, grants and legacies Support costs 960 727 960 2,552 1.687 3,512 Trading costs Operaling chanty shops 4,359 Total costs 1.687 7,871 11
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Expendlturg on charttsble actlvltles Unrestrbcted unrestricted funds funds 2025 2024 Direct costs Events and material cost 25,867 46,212 Analysls by fund Unrestricted funds 25,867 46,212 Tru$lg9S None of the Truslees lor any Fersons connected vthh Iheml received any remuneration or benefits frcTh the during the year. Employees The average monlhly number of employees during the year was" 2025 Number 2024 Number Total There were no employees whose annual remunerth.on was more than £60.000. Remuneration of key rnanagement personnel The remuneration of key management personnel was as follows_. Taxatlon The charity is exempl from taxation on its actsmties bei3use all its irthme is applied for charilable purposes. 10 Credltors: amounts falllng due wlthln one year 2025 2024 Trade creditors Accruals and deferred income 3,029 960 24,101 1,920 3,989 26,021 12-
THE ROYAL BALLET SCHOOL PARENT TEACHER ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 Unrestrlctgd funds The unrestricted funds of the charity comprise the unexpended balan5 of donalions and grants are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. At1 September 2024 Incomlng resources Resources At 31 August expended 2025 General fvnds 57,413 50.250 {27.5541 80,109 Prevlous year: At1 September 2023 Incoming resources Resour¢9s At 31 August expended 2024 Genefal funds 61,332 50,164 {54,083) 57.413 12 Related party transactions There were no disclosable related paty Ir8ns8dion5 during the year12024 - none). 13 Analysls of changes In net funds The chaTity had no debt during the year. 13-