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DAUNTSEY’S SCHOOL

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FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

Registered Company No: 5872694

Charity No: 1115638

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

INDEX	Page
Report ofthe Governors	2-21
Report ofthe Auditors	22-24
Consolidated Statement ofFinancial Activities	25
Consolidated and Charity Balance Sheets	26
Consolidated Cash Flow Statement	27
Notes to the Consolidated Cash Flow Statement	28
NotestotheFinancialStatements	29—45

DAUNTSEY’S SCHOOL : FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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OFFICERS & SENIOR STAFF

Chair ofBoard of	MtsVP Nield, BSc,MBA		Resigned	27.06.25
Governors	MrARE Clifford,MA,FCA		Appointed	28.06.25
Head Master	MtJ M Davies,MA
Bursar	MrJD Davey,MEng
FurtherMembers ofthe	Mr AS Collins, BA	Second	Master
Senior LeadershipTeam	MrHDThomas,MA	Deputy	Head—Pastoral
	MrD Noble,MA	Deputy	Head —Academic
	MissE S Conidaris, BSc	9Deputy	Head — Head ofLowerSchool
Clerk to the Governors and	Mr PM ANokes,MA, MPhil		Resigned 31.03.25
Company Secretary	Mt PRLLane,MBA,FCMI		Appointed 01.04.25
Address	Dauntsey’s School
	West Lavington
	Devizes
	Wiltshire
	SN10 4HE
Website	www.dauntseys.org
E-mail contact	info@dauntseys.org
PROFESSIONALADVISERS
Bankers	Lloyds Bank ple
	38 Market Place
	Devizes
	Wiltshire
	SN10 1JD
Solicitors	RWKGoodmanLLP
	3 Newbridge Square
	Swindon
	SN1 1BY
Auditors	HaysMac LLP 10 Queen Street Place
	London
	ECAR1AG

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025 a

GOVERNORS

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|||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Dauntsey’s School|is|a company|registered under|the Companies Act 2006|(company number|5872694).|Itis|a company|limited| |by|guarantee:|the|liability|of members|of|the|company|is|limited|to|£10|each.|It|is|also|a|registered|charity|(chatity|number| |1115638).|The|Governots|of Dauntsey’s|School|are|the|trustees|of the|charity,|and|both|the|directors|and|the|members|of the| |company.|During|the|year ended|31|August|2025|those|serving wete|as|follows:| |Nominated|by|The Mercers’ Company| |Captain T C|de|C|Clay RN| |Ms R L Davies, MSc|Appointed|06.02.25| |Mr G W|Horgan, MA| |Mts|E A|Light, MA|Resigned|31.08.25| |Mr PJ|Lough, MA| |Brigadier|(retd)|C|J|Rose|MA,|BSc,|PFCMI,|FCDSS, MSM| |Co-opted by|the|Governing Body| |Mts|K G|Bruges, MA| |Ms|S$|R|Christian,|BSc| |Mr|ARE|Clifford,|MA,|FCA| |Mr N|J|Dolman,|BSc,|MRICS| |Mr N|B|Elliott,|KC| |Mt NJ 5S|Fisk, BA, ACA|Resigned|31.03.25| |MtsJ|L Green,|BA| |Mr C B|Musgrave,|FRAgS| |Mrs V P|Nield,|BSc, MBA|Resigned|27.06.25| |MrSCK|Oxley| |Ms|LR|Ritchic,|MSc| |Mr S Payne-Kumar,|BSc, CGMA|Appointed|05.12.24|

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COMMITTEES Under the provisions ofaScheme of Management and Delegation there are five committees of the governing body, as follows:

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Finance|and|General|Purposes|Committee|Chair|Mr|ARE|Clifford|Resigned|27.06.25| |Mtr|S|Payne-Kumat|Appointed|28.06.25| |Estates,|Infrastructure|and|Assets Committee|Chair|Brigadier|(retd)|C|J|Rose| |Audit|and|Risk|Committee|Chair|Ms|S|R|Christian| |Education|Committee|Chair|Mt G W|Horgan| |Governance,|Compliance|and|Safeguarding|Chair|Mr N|B|Elhiott| |Committec|

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The governing body meets three times a year, once cach academic term. The Finance and General Purposes Committee normally meets twice each term; the other committees meet once a term or as necessary. Most meetings take place at the school.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025 a

Introduction

The Governors present their annual report and audited financial statements for the year ended 31 August 2025 in compliance with the current statutory requirements for companies and charities and the School’s Memorandum and Articles of Association. This report, together with the preceding pages, incorporates the information required for the directors’ report under the Companies Act.

Reference and Administrative Information

Dauntsey’s School was originally founded in 1543 under the will of Alderman William Dauntsey and refounded, under a Charity Commission scheme, in 1891. It was incorporated on 11 July 2006 as a company limited by guarantee and registered at Companies House, number 5872694. It is also registered with the Charity Commission under charity number 1115638. ‘The Governors, ptincipal executive officers and advisers, togethet with contact details, are set out on the preceding pages 2 and 3.

Governing Document

The School is governed by the 2006 Memorandum of Association and by the 2006 Articles of Association as amended.

Governing Body

The Governors of Dauntsey’s School ate listed on page 3. The Articles of Association allow for a maximum of 18 Governors up to six of whom may be nominated by The Metcers’ Company of the City of London. Up to a maximum of 12 other Governors may be co-opted by the full board. As at 31 August 2025, six Govetnors ate nominees of the Mercers’ Company and ten Governors have been co-opted.

Recruitment and Training of Governors

New governors are appointed at meetings of the full board, In the case of those nominated, appointments are made based on approved nominations. All appointments are made based on identified needs, taking into consideration existing skills on the governing body. A formal induction programme is in place which includes visiting the School, being provided with relevant documentation and meeting key governors and staff. All governors are encouraged to attend appropriate seminars and training events.

Organisation and Management

The Governors ate legally responsible for the overall administration, management and control of the School. In accordance with the 2006 Scheme of Management and Delegation those responsibilities are mainly executed through the committees identified on the preceding page. The day-to-day management of the School is delegated to the Head Master and Bursar, supported by the Senior Leadership Team. The Head Master and Bursar, together with some members of the Senior Leadership Team, attend meetings of the governing body and the various committee meetings.

The Head Master’s, Bursar’s and Senior Leadership Team’s remuneration is considered by the governing body’s Finance and General Purposes Committee. The Committee’s practice is to consider benchmarking surveys by various organisations regarding remuneration in independent schools. Recommendations arc then made to the Full Board for a final decision.

Group Structure and Relationships

The School has two wholly owned non-charitable subsidiary companies: Dauntscy’s School Enterprises Limited (Co. No. 02956098) and Jolie Brise Limited (Co. No. 3234906). The activities and trading performance of these companies are reflected in these financial statements.

DAUNTSEY's SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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CHARITABLE OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES

Charitable Objects

The School’s charitable objects ate as set out in the Memorandum of Association: “to advance the education of boys and girls by the provision of a day and/or boarding school in or near West Lavington, and by ancillary or incidental educational activities and other associated activities for the benefit of the community.”

By virtue of a Charity Commission scheme dated 29 August 2006 the School also acts as trustee of Dauntsey School Foundation, a charity (number 309480), in (1) the administration and management of the property belonging to that charity which constitutes permanent endowment, and (2) the administration of sixteen associated prizes and other funds. Dauntsey School Foundation is the pre-incorporation charity established in 1891 when Dauntsey’s School was refounded. The permanent endowment comprises the historic core of the School site acquired in 1893-95, the present site of Dauntsey Academy Primary School, and an annual rent charge of £2,000 over certain properties in the City of London.

Location

Dauntsey's School provides education in West Lavington for boys and girls from ages 11 to 18 utilising a main site at West Lavington and the nearby Manor House estate at Littleton Panell.

Objectives for 2024-25

The focus continues to pursue outstanding academic achievement, the promotion of independent learning and sustaining the exceptional levels of pupil involvement in extra-curricular activities. The School is committed to widening its access further for the benefit of the community, particularly in respect of maintained sector primary schools and their pupils. The School has incteased the amount of time and tesources that it dedicates to partnership activities with local primary schools, as well as seeing an increase in the number of local sports clubs who make regular use of school facilities. School facilities arc also utilised for educational purposes by large numbers of children from the UK and abroad during the summer holiday period, as part of the School’s lettings business, when not otherwise needed for its own pupils.

Grant Making Policy

Dauntscy's is committed to promoting and rewarding excellence in a wide range of areas. To complement this, scholarships can be offered to pupils who demonstrate how their talents would benefit from studying at the School. Scholarships arc available to recognise academic, sporting, art and performing arts and music excellence at different points of entry. Scholarships ate awarded on a ‘needs blind’ basis typically providing for a fee remission of up to 10%. Thete are meanstested bursaries available to supplement these awards. There is an objective in the School’s governing document that it shall, cach year, apply a sum not less than 2% of the total amount of the fees payable in the year by or in respect of pupils at the School in maintaining bursaries, being total or partial exemptions from the payment of tuition and other fees.

The Dauntscy's Bursary Scheme is intended to assist in cases where the feces are beyond the means of a potential pupil's parents or guardians. In such cases, it is the School’s policy to provide up to 100% bursaries and it is necessary for applicants to demonstrate the inability to contribute any level of fee. Bursaries are available to those who meet our minimum educational criteria for entry and are subject to financial re-evaluation every other year.

Bursaries are also available for existing pupils and are given to assist in cases of sudden, unforeseen short-term financial need. Parents or guardians with a child at the School whose financial circumstances suddenly change may apply for a hardship bursary. Such awards are means-tested, subject to the availability of funding and typically only provide support for up to a maximum of one year.

Volunteers

Governors greatly appreciate the help provided from Old Dauntscians and the Dauntscy’s School Parents’ Association with fundraising and other activities throughout the year.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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Connected and Related Entities

These financial statements incorporate the results, assets and liabilities of: Dauntsey's School Entetprises Limited A trading subsidiary of the School (see note 3) Jolie Brise Limited A trading subsidiary of the School (see note 3) Dauntsey School Foundation Following incorporation, the 29 August 2006 Charity Commission scheme includes a uniting direction providing for the old charity and its subsidiaries. The following related entities have not been incorporated in these financial statements as their activities are not under the conttol of the Governots of Dauntsey’s School: e Dauntsey's School Parents’ Association e Dauntsey Academy Primary School (now part of Equa Multi Academy Trust)

Public Benefit Aims and Intended Impact

The Governing Body, as the chatity trustees, has complied with the duty in s.17 of the Charities Act 2011, having had due regard to the general and relevant sub-sector Charity Commission guidance concerning the operation of the Public Benefit tequitement under the Charities Act.

In addition to its key purpose of providing a first-class education to all pupils, Dauntsey’s School is committed to making a significant and enduring impact in terms of public benefit. The School’s policy is to provide access to the School via a butsaty scheme which provides partially and fully funded places for those who cannot afford to make the full contribution to the cost of private education. Through this scheme, the School is able to sustain a genuine opportunity for all to benefit irrespective of financial means. The School’s ability to provide such opportunities is consttained by financial reality which in practice means that it can afford to provide up to the equivalent of 21 boarding or day places within the School. In-year attainment of this aim is detailed within ‘Achievements and Performance for the Year’ under the subsection ‘Operational Performance’ on page 8.

On a wider basis, the School is committed to its broader role within the community by providing ancillary or incidental educational activities and other associated activities. Dauntsey’s has a number of partnerships with local primary schools who can make use of school facilities and staff expertise. A more complete description of Dauntsey’s commitment towards delivering public benefit on an ongoing basis, is detailed within ‘Achievements and Performance for the Year’ under the subsection ‘Community programmes, pattnerships and public benefit’ on page 15.

STRATEGIC REPORT

Strategic Review and Development Planning

The 2024/25 academic year saw major changes in the Independent Schools sector with the imposition of VAT on Independent School fees, confirmed in July 2024, and implemented from January 2025. While Dauntscy’s had been planning for this widely anticipated change for some time, the rushed introduction of the tax alongside regularly changing guidance meant that the School had to implement new pricing structures, processes and procedures at pace. This change was achieved very smoothly but has still required a lot of attention and resources. The imposition of VAT on fees has put real strain on both School and parental finances.

Affordability of school fees remains a concern across the sector, with high inflationary cost increases in recent ycars putting pressure on parents and schools alike. The imposition of VAT on fees, alongside changes in Business Rates Relief and changes to employer National Insurance contributions has added to this pressure.

On an encouraging note, in September 2024, Dauntsey’s welcomed John Davies as the new Head Master. John joined the School from Kingswood School in Bath, where he had been Senior Principal and was immediately involved in a review and updating of the Dauntsey’s Strategic Plan. The plan includes targets that represent both long established goals and newer initiatives reflective of the changed educational landscape and opportunities.

September 2024 saw the successful completion of the School’s roll out of one-to-one devices to all year groups. All pupils ate now working with devices and learning resources are stored and shared through OneNote and the associated Microsoft platforms. Teachers ate now harnessing the technology to augment their previous teaching methods and the learning

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

experience of the pupils, both in the classroom and beyond it. The devices are now also providing a creative platform for teachers and pupils to incorporate Artificial Intelligence into the teaching and learning process — this is an exciting challenge and one that the move to devices has allowed us to embrace.

Alongside the embedding of one-to-one devices in the classroom, 2024/25 saw the first part of a move to a new academic timetable. The year saw the establishment of a two week cycle with an ‘A week’ and ‘B week’, allowing increased teaching contact time in the Sixth Form and the creation of dedicated time for academic enrichment. ‘The full roll out of a new timetable with incteased teaching time for all year groups facilitated by 55 minutes lessons was planned during the year, with implementation planned for the start of the 2025/26 academic year.

Governors continue to allocate resources to maintain and improve the School’s excellent facilities. A number of important campus developments took place during the year in support of the School’s commitment to a fully rounded education. The significant works catried out during the year were as follows:

e Resurfacing and modernisation of AstroTurf No1. This included the installation of a new Federation Internationale de Hockey(FIH) and multisport accredited synthetic surface, complemented by upgraded LED floodlights, new dugouts, scoreboard and spectator atea.
¢ Redevelopment of part of the Library to create a new 6" Form Study Centre that is adjacent to the existing 17 Club. This new space allows 6" Form pupils to work together collaboratively as an alternative to the traditional private study in the libraty.
e Redevelopment of the tuck shop and adjacent offices as a new Middle School Common Room. Located in the centre of the school, this this social space has been designed as a new coeducational space for GCSE yeat pupils.
e Building of a set of steps from the high street, leading to a new footpath around the front car park, this has created a safe path for pedestrians onto the school campus, avoiding the need to walk along the main drive.
¢ Redevelopment and extension of No6 High Street to create a modern, fit for purpose staff house. e Re-purposing existing residential accommodation in the centre of the school to house an expanded learning support and EAL centre.
¢ Works and improvements to the wooden floors in the Old Hall (within the music department) and the Pavilion. e Extensive upgrades for Fire Doors in two of the boarding houses and a full refurbishment of Evans House. e Installation of a new Lockdown Alarm at the Manot.

Future Plans

Our Vision

Dauntscy's is determined to deliver a fulfilling, adventurous and inspiring education for every pupil, in a supportive and inclusive environment, where distributed leadership empowers our community at all levels. Our pupils leave confident in the knowledge that they have been ambitious in achieving their best, brave in expetiencing new and challenging opportunities, and ate prepated as compassionate leadets to make a meaningful difference in an ever-changing world.

The School has a unique ethos which leads to a supportive, energetic and creative community with a strong family atmosphere. Friendships, gencrosity of spirit and mutual respect remain central to our values. We are a school where pupils can be who they are without fear of rejection or bullying, embracing our inclusive culture that encourages all pupils to find and develop their passions and interests whilst supporting and celebrating the successes of others.

Our Strategic Aims

Academic Excellence with Purpose

To achieve strong public examination results while instilling a lifelong love of learning through excellent and innovative teaching. We aim to add exceptional valuc to our pupils’ academic journey, helping them cxceed expectations while offering flexible curriculum choices that cater to diverse talents and aspirations.

Outstanding Pastoral Care and Safeguarding

To deliver sector-leading pastoral care and safeguarding, where every pupil and staff member is known, valued and respected. Our professional safeguarding team and strong house system ensure that mental health, wellbeing, kindness, courtesy, compassion and tolerance are ever-present.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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Holistic Development Through Co-Curricular Excellence To provide a broad and distinctive co-curricular programme that offers genuine adventure, opportunities and challenge. Our unique sailing provision via the Jo/e Brise, outdoor education taking advantage of our impressive estate, and equally strong sports, music, dance and drama programmes ensure high participation and holistic development for all.

Future-Ready Preparation

To offer outstanding and contemporary ‘Futures’ provision alongside first-class, tailored university and careers advice. We prepare young people with the character, qualifications and knowledge needed to make empowered choices about their lives beyond school, embracing technology responsibly including AI, while preserving traditional skills and values.

Community Partnership and Service

To ensure the School remains a benefit to the local community and beyond through meaningful partnerships and service. We actively use our assets to support our mission while maintaining strong relationships with feeder schools, Forces and Diplomatic families, and our growing international community.

Environmental Stewardship

To cherish and protect our environment while reducing out catbon footprint, moving towards becoming a ‘net zeto' school by 2044.

Sustainable Excellence

To maintain our position as an outstanding and contemporary school through responsible financial management, strategic use of our assets, and investment in out people, facilities and future, ensuring we can continue to provide exceptional education for generations to come.

The Governors review the aims, objectives and future plans of the School at regular intervals throughout the year.

ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR

Operational Performance

At the end of the academic year 2024-25, the pupil roll numbered 845 of whom 519 were day pupils and 326 were boarders (2023-24: 856, 536/321). Despite the fee increases facing parents because of the implementation of VAT on fees, the strong level ofinterest[in] Dauntsey’s continues[to] be[sustained] with[the] School[roll][in] September 2025 standing[at][831][pupils.] The pupil roll has gently cased after a post-covid increase but is consistent with the School’s Strategic Plan.

For the start of the academic year 2024-25, termly fees for international boarding pupils were £15,110, UIs boarding pupils £13,090 and day pupils £7,910 (all ex-VAT). When VAT on school fees was implemented in January 2025, the School took the decision to reduce the school fees (ex VAT) by an average of 4.2%, so that the increase in fees, once VAT was applied was limited to 15%. From January 2025, the headline termly fees increased to include VAT and for international boarding pupils were £17,380, UK boarding pupils £15,050 and day pupils £9,100.

In June 2024, the Governors resolved to broaden the scope of the Fee Remission, Scholarships and Bursarics policy to include provision for partial bursary awards alongside the existing commitment to the 100% Bursary Policy. Effective from September 2024 onwards, this seeks to protect the objective of widening access by providing opportunities for those who would not qualify for full fec assistance but for whom the full fee remained unaffordable. During the year, the School provided £495,995 in respect of means tested bursaries. This met the objective in the School’s governing document to provide a minimum of 2% of fees payable for means-tested bursarics. Including funding from other sources, a total of £514,922 was expended on bursaries. Assistance was provided to 34 pupils of whom 15 benefited from a full remission of fees. The Governors are committed to welcoming pupils from all financial backgrounds, and the 100% Bursary Policy contributes to the objective of widening access to the School. Bursary support opportunities and application procedures are publicised on the School’s website. For existing pupils, cases of sudden, unforeseen financial need may justify assistance from the School, and the imposition of VAT meant that applications for support of this nature increased. This policy ensures stability and continuity of education for pupils already attending the School and demonstrates our commitment to a very high standard of pastoral care for our pupils.

Scholarships totalling £402,205 have been awarded to 171 pupils, based on their educational merit and potential. Scholarships are ‘needs blind’ and are predominately awarded at the point of entry. These are based on academic ability evidenced by examination performance or special talent in music, drama and sport as evidenced at interview and audition.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025 ne

The progress of pupils receiving scholarships is reviewed to ensure that awards remain appropriate. In addition, awards are made to existing pupils, typically at traditional entry points to the School, to recognise significant merit and progress.

The summer break (2025) saw the completion of a number of key development projects. AstroTurf No1 was fully modernised with a new FIH & Multisport certified synthetic surface, as well as upgtades to the shock pad, dugouts and scoreboard and fencing. This came alongside the redevelopment of two spaces within the School to provide a new Sixth Form study centre and a new Middle School common room. Both of these opened in time for the new academic year. The School has also expanded the size of the Learning Support Centre and brought everything together in one location with the conversation of previous residential accommodation into dedicated 1-2-1 teaching spaces.

After the successful introduction of dedicated footpaths that take pupils from the bus drop areas last year, our infrastructure developments included a new set of steps and separate path leading from the High Street and across the front cat park to provide safer access for pedestrians onto the site.

Academic Life

Academically the School achieved excellent public examination results and a rich variety of extta-cutricular activities and events were staged. The School continued to support local primary schools by providing partnership staff throughout the year.

The School is proud of[its][academic][achievements][and][strong][ record][of][ success][in][national][examinations.][The][cutticulum][is] broad and balanced, offering the opportunity to study an extensive cange of subjects. Lessons are delivered by specialist teachets in a challenging, stimulating environment that is conducive to a positive, enjoyable learning experience for the pupils. We are keen to promote independent leatning, enabling pupils to fulfil their potential and develop a range of key skills that are felt to be essential in later life.

The Lower School curticulum offers a broad, varied programme providing interest and challenge for pupils and delivers the essential background for the I/GCSE courses studied in later years. The three sciences are taught as separate disciplines and pupils study a range of languages to promote this important area of the curriculum,

‘The GCSE curriculum for the Fourth and Fifth Form pupils is designed to ensure pupils are ready for life in the Sixth Form and beyond, with a free choice of their optional subjects. There are compulsory core subjects of English Language, English Literature, Mathematics and Science; in the latter pupils have a choice of selecting three separate sciences of to study for the dual award science. There is a wide range of optional subjects from which most pupils choose four subjects but the most academic may choose five. The options currently offered are Art and Design, Computing, Design and Technology, Classical Civilisation, Latin, French, German, Spanish, Geography, History, Religious Studies, Drama, Music, Dance and Physical Education.

The Sixth Form curriculum is designed to provide the best possible preparation beyond school. Pupils are therefore offered the opportunity for breadth of study with a free choice of subjects as well as considerable opportunity for academic entichment. Twenty-eight subjects are offered at A Level, plus the Extended Project Qualification (EPQ) in the Lower Sixth Form; significant time is available for teaching and learning. This time means that pupils can be stretched as much as possible in order to explore and learn the subject matter in real depth or help less confident pupils to improve their knowledge and understanding of the subject matter.

At A-level, 143 Upper Sixth Formers achieved excellent results with 46.3% of grades awarded at A or A, and 75.6% at A¥ to B. Twenty-cight pupils achieved all A* and A grades. Of 142 applicants to universities, conservatoires, drama school or Art Foundation colleges, 98% were able to take up places at their chosen institutions, with 84% at their firm choice. At GCSE level, 20% of all entries were at grade 9, with 42% at grades 9 to 8 and 62% at grades 9 to 7, Of the 123 Fifth Form pupils, 13 gained a clean sweep of 9 and 8 grades, while 38 pupils achieved at least seven 9 to 7 grades.

Academic ambition and intellectual curiosity are firmly rooted within the School, and our aim is to ensure that all pupils can achieve examination results of which they can be justifiably proud.

The timetable is very flexible at GCSE and A Level, which allows pupils the freedom of choice to accommodate their different interests and aptitudes. We have developed our own Complementary Cutticulum for all year groups. This is taught by experienced and knowledgeable teachers and performs a vital role as part of our proactive pastoral care - it covers all statutory tequirements in Personal, Social and Health Education (PSHE) and goes beyond this to include current affairs, study skills, mindfulness, critical thinking, money management and global issues.

DAUNTSEY’s SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025 a

Equality, Diversity and Inclusion

Over the past year, the School has made significant strides in promoting equality, diversity, and inclusion across all areas of school life. A number of initiatives, events, and curriculum developments have helped to foster a more inclusive and welcoming community for both students and staff. The School’s EDI leadership has guided this work over the past four years, building a strong foundation for future progress.

e Cultural Awareness and Representation. A new Name Pronunciation Hub was launched to ensure that everyone’s name is cortectly and respectfully pronounced. This resource is being integrated into the annual induction process for both students and staff. Cultural events were celebrated throughout the year, including Chinese New Year, Persian New Year, and a Taiwanese Film and Culture Night. The International Society also hosted regular activities such as Mahjong tournaments and film screenings. The Festival ofShorts film event highlighted diverse directors and storytelling perspectives, enriching students’ appreciation of global cinema.
¢ Curticulum and Leatning The academic curriculum continued to evolve, with the English Department incorporating a broader range of authors and perspectives into the programme of study. Lessons and reading displays for Black History Month took place throughout the year, focusing on poetry and key literary works. Modern Languages offered additional enrichment opportunities, such as film clubs exploring Spanish-speaking cultures.
© Student Voice and Societies. The student-led inclusion society met regularly, with pupils determining the focus and agenda for discussions, projects, and events. Conttibutions from staff and visiting speakers helped to inspite and deepen engagement with EDI topics. The Humans of Dauntsey’s project continued, sharing personal stories from within the school community to promote empathy and understanding.
¢ Celebrating Diversity Through the Arts. The Harmony in Diversity Spring Concert showcased a wide range of musical styles and traditions, reflecting the School’s commitment to celebrating cultural and creative diversity. In addition, a poem written for International Women’s Day was shared with the community and selected for publication, highlighting the role of creative exptession in fostering equality and awareness.
¢ Community Engagement and Future Plans. The School’s PRIDE event, the Haman Rainbow, saw mote than 600 students and staff come together in a vibrant celebration of inclusion and acceptance. Upcoming initiatives include collaborations with visiting speakers and organisations focusing on storytelling, role models, and representation.

Mental Health and Well-Being

The School recognises the importance of helping pupils with their mental health and continues to invest in the ongoing provision of support for pupils as their needs increase. Two counsellors provide an excellent confidential service for pupils and staff. The level of counselling provision is kept under regular review to ensure that it is adequately staffed to mect the needs of pupils.

The ‘Teen Tips’ Wellbeing Hub is available for pupils, parents and staff. It provides specialist advice on understanding adolescence and creating environments which promotes emotional wellbeing. It encourages teachers, tutors and parents to work together to promote strong self-esteem and emotional resilience; this helps young people to develop self-regulation and emotional agility to overcome the challenges of life. Membership of this Hub is also extended free of charge to Lavington School.

The School has now trained over 70 staff as Youth Mental Health First Aiders. This has promoted awareness of psychological and emotional well-being and mental health and supported professionals to recognise and respond to mental health issues in 8-18-year-olds. The aim is to increase the capacity of both teaching and bursarial staff's knowledge regarding mental health problems, decrease the negative attitudes towards those suffering with mental ill health and increase the number of time help is offered.

The School’s Senior Mental Health Lead, completed training as a Designated Senior Mental Health Instructor, reinforcing the School’s commitment to mental health and wellbeing. Additionally, he attended a conference with other Mercers’ schools, facilitating the exchange of best practices and collaborative approaches to mental health provision across the network.

Numerous external speakers were also brought into school to supplement our efforts to educate boys and girls on mental health and wellbeing across all stages of adolescence. Parts of 2024-25 had a particular focus on male mental health. This included visits from Oliver Chittenden and Jamie Coupe who focused specifically on male mental health, stigmatisation, and how best to care for young men in our community.

eA series of assemblies and talks addressed important aspects of mental health, including men’s mental health, friendships, and vulnerability. These were supported by follow-up workshops that encouraged open discussion and reflection.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025 re

© The Movember initiative once again brought together students and staff in raising awareness and funds for men’s health charities, with both the competition and related fundraising efforts achieving great success.
e Assemblies and activities during Nevrodiversity Week taised awareness and understanding of different learning needs and neurological differences.
e Plans are underway for future sessions exploring topics such as body image and the influence of social media.

Careers, or ‘Futures’ Guidance

Futures guidance began this year in the First and Second Form as part of the Complementary Curriculum, encouraging students to reflect on how their interests and strengths might shape their future. Sessions highlighted the link between activities, knowledge and employability skills, supported by interest-matching quizzes. In the Third Form, students explored how I/GCSE choices connect to future pathways, were introduced to the Unifrog destinations platform, and took part in Big Futures Day. A particular highlight was Old Dauntseian Kezia Buckland’s talk on her career in cyber secutity, which grew from an early path in drama — a powerful reminder that futures are rately linear.

In the Upper School, exploration was extended in Fourth and Fifth Form through Tinker Tailor and My Future Choice, giving students independent careers guidance and extensive aptitude testing. The Futures Department also coordinated a broader programme of specialist support in conjunction with staff across the School. This included strengthened Oxbridge preparation, the launch of the new MVD+ pathway for aspiring medics, vets and dentists, and enhanced support for Law applicants, including LNAT preparation. Alongside these came continuing provision for Armed Forces Scholarships, Degree Apprenticeships, Art Foundation courses, Dance/Drama schools, and Music Conservatoires. One-to-one meetings with Army rectuiters again led to success, with one pupil awarded an Army Scholarship. The arrival of a Royal Navy Wildcat helicopter on campus in the summet term was an unforgettable highlight, with students given the chance to tour the craft and meet its crew. Next year, we look forward to welcoming an Apache.

In the Sixth Form, Futures continued through the Employability module within the Complementary Curriculum, helping students develop interview, presentation and personal branding skills. Post-Dauntsey’s Planning (PDP) tan across the yeat as a scties of presentations and workshops, introducing the landscape of higher education and the support available at Dauntsey’s. Sessions featured visiting universities, talks from Old Dauntseians, advice on personal statements and applications, gap year planning, labour market updates, and guidance on apprenticeships and course choice. Students also received advice on the appropriate use of AI tools to enhance research and digital literacy.

New this year was the Futures Bulletin, sent fortnightly to all students in the Fourth Form and above. This curated email brought together courses, university visits, apprenticeship oppottunities, summer schools and work experience placements. Alongside it, the launch of the digital noticeboard gave Futures a visible daily presence in School, providing key reminders and highlighting upcoming events.

Events were a teal strength of the year. The Futures Fair in April deew over 30 exhibitors, from medicine and geology to film, television, finance and accounting, as well as six universities. We also hosted an International University Fair during a Day Prep session, allowing students to explore overscas options. Looking ahead, a Gap Yeat Fair will join the calendar in the coming year.

Throughout, the Futures Department encouraged students to gain work experience, offering support where needed and sharing opportunities through the Bulletin. The Dauntsey’s Mentor Network continued to connect students with parents, Old Dauntscians and friends of the School eager to share their expertise and guidance. Our new Futures Assistant will be developing our work experience support further this coming year.

Culture

In addition to the academic subjects offered, there are many opportunities for pupils to participate in musical activities, drama productions and sport. Pupils are also encouraged to join the numerous clubs and societies which are a feature of the School.

At Dauntsey’s everyone can get involved in music, drama and dance. Budding future professionals will perform readily alongside those who simply want to get up and ‘have a go’!

The Drama department provides plentiful opportunities for pupils to design, direct and perform in a large number of productions, which are staged throughout the school year. They range from small studio pieces to full stage shows and musicals. Extra-curticular activities offered by the drama department include scenery design, dance classes, theatrical productions, sound, make-up, stage management and stage lighting. The School has a long and proud tradition of major

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musical productions and in 2024-25 this continued with a full-scale production of Footloose. Made up of cast and crew members drawn from the First Form to the Upper Sixth, the show played to close to 2000 people actoss four days. The shows involved more than 100 pupils on the stage, in the show bands or working behind the scenes with the stage, lighting and sound.

Other drama productions during the year included a number of studio plays including 'Toast' by Nigel Slater, Micheal Morpurgo's 'Private Peaceful’ and a student led and directed production of 'Dead Man's Cell Phone! by Sarah Ruhl. In November we host our annual Shakespeare Festival featuring monologues and duologues by the Bard to a packed-out audience with ‘best performance’ shield awarded by a panel of experts. Our Speech & Drama department (LAMDA qualification) continues to have some of the best results in the country and puts on two fantastic ‘showcase’ performances during the year.

Dauntsey's has a strong musical tradition and a distinguished reputation for musical activities and achievements. The Music Department aims to develop in all pupils the skills, knowledge and understanding that will facilitate an active appreciation of music. A full range of otchesttas, ensembles, bands and choits tegulatly rehearse, and all musicians are welcome to patticipate as appropriate, thus developing their musical skills, knowledge and understanding. Individual tuition is available on the full range of orchestral instruments, as well as piano, drums, classical guitar, electric guitar and voice. There are numerous music concerts during the year ranging in style from informal evenings of chamber music to jazz and tock exttavaganzas as well as formal choral and orchestral concerts. Increasingly popular are the ‘Live at the Pavilion’ evenings, offering a blend of contemporary vocal and instrumental performances that ate entirely pupil organised and run.

All pupils are encouraged to explore their creative potential in the Art School, and Design and Technology Department. There is a wide-ranging art programme including painting, drawing, relief printing, screen printing, sculpture, cetamics and photography. History of Art is taught as an integral part of the course throughout all year groups. Pupils’ work is displayed prominently around the school and culminates in the end of yeat summer art exhibition. In Design and Technology, pupils can experiment with computer aided design and computer numetically controlled manufacturing processes such as milling, turning, routing and laser cutting. Tt is a subject where problem solving, planning, development, communication and presentation come together with research and independent thinking; this creates a strong combination of skills for everyday work and life.

The Summer Festival Weck sces the culmination of activity for a number of different cultural aspects of school life, and the week in June 2025 lived up to that expectation. Hundreds of pupils were involved in different events including a continuing focus on ‘pupil led’ cteative endeavours, our second student directed and produced show of the year was ‘Young & Pree’. Alongside a modern adaptation of Sophocles’ ‘Antigone! and an incredible narrative dance retelling of "Dracula! the event had something for everyone and attracted large audiences. Younger performers took part in the Lower Schoo! Dance showcase and could show their talents at a variety of concerts and Musical Theatre night where the standard was incredibly high. Musical events also included the Big Band concert and a stalwart of the weck — the ever popular ‘Live at the Pav’ featuring student bands and soloists. The week ran alongside outstanding Art and Design exhibitions.

Sport

Dauntsey’s aim is to provide ‘sport for all’ whilst pursuing excellence for the most talented individuals. Enjoyment is essential but as is the need to be challenging for all pupils. As well as developing physical skills and fitness, participation in sport builds confidence, resilience and mental toughness. It gives pupils a real sense of achievement, extends their leadership skills and teaches them the importance of teamwork and discipline. The School is proud that our most talented pupils proceed on to county, regional and national level.

The major sports of rugby, hockey, football, cricket, athletics, and tennis are played by boys and girls. A thriving extensive extra-curricular programme is also available. This allows all pupils the chance to represent the School in such sports as swimming, rifle shooting, basketball, fencing, cross country, and horse riding. Excellent team results and outstanding individual accomplishments arc achieved across diverse sporting disciplines.

Among a wide range of team and individual successes a number of achicvements stand out.

e = The 1st XV rugby team won the National Plate Competition in a thrilling final at Ealing Trailfinders Rugby Club. The match was won 55-35 against St Anselm’s College, Birkenhead. Huge support from the whole school who either travelled to the event or watched on livestream. It completed a fantastic scason in which the 1st XV had been successful in a number of high-profile fixtures.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

i ¢ = Our girl’s rugby team is up and running and highlights included playing a floodlit match at Salisbury Rugby Club against Bishop Wotdsworth’s School, as well as attending the National Rosslyn Park 7s for the first time.
e = The 1 XJ and U15 girls Hockey teams both had an excellent run in the cup reaching the National Quarter Finals of their respective competitions. The U14 girls were crowned County Champions and the team came thitd at the regional tournament.
¢ = The 1* XI boys’ hockey team had an excellent season beating Marlborough College twice and reached the Regional Quarter Final of the England Hockey Cup Competition. The U14 side were crowned both County and Regional Champions before winning a bronze medal at the National Hockey Finals (Tiet 2).
- Netball enjoyed an exceptionally successful season, marked by a record level of participation among girls across the school. At the senior level, we were ptoud to field seven competitive teams, reflecting the growing enthusiasm for the sport. Our U16 netballers were crowned County Champions and went on to represent the school at the Southwest Regional Competition, alongside the Ist VII, who also qualified. The U16s performed superbly, only narrowly missing out on a coveted place at the National Finals.
e Tennis continues to thrive and achieved outstanding success this year. Remarkably, seven teams finished the season with a 100% win tecord — an exceptional accomplishment, patticularly given the deliberate rotation of playets to ensure opportunities for all. This success is a testament to the strength of our year-round tennis programme and squad training.
e It was another superb year for our athletes, with both the girls’ and the boys’ teams winning the Lutra Shield competition. 41 Dauntsey’s athletes were selected for the Area team, with 6 going on to become County Champions. 7 athletes wete selected to represent Wiltshire, with 1 going on to compete in the National Championships.
e Boys’ cricket continues to inspire an evet-growing pool of pupils wanting to represent the school. The 1% XT had a number of impressive wins, including some keenly contested local rivalries, whilst the U14’s again teached the County Cup final. Girls’ cricket and our ‘Diamond’s’ teams continue to grow with mote fixtures once again this year; a highlight of their season being the hosting of a 4-team festival.
¢ Our Basketball team is back up and running and they enjoyed fixtures with Trowbridge Basketball Club and are looking forward to more fixtures in 2025-2026.
¢ Our swimmers competed in various galas and once again competed well in the Olympic Pool at the Bath Cup. e Our Equestrian team once again excelled at various competitions throughout the year. e — Rifle Shooting & Fencing continues to be enjoyed by many, with some excellent fixtures against other schools.

The sizeable tange of clubs and societics offer sports clubs which include acrobics, archery, bootcamp, badminton, basketball, climbing, football, kayaking, rowing, swimming, and gym conditioning.

Adventure Activities

The overarching theme of Dauntsey’s approach to adventure activities is for pupils to be stretched beyond their personal comfort zone and to learn to encounter risk and manage tisk in a safcly managed context. The normal adventute curriculum is described further below. Within a few weeks of the start of term, all First Form pupils visit a local activity centre, Braeside in Devizes. This involves an action-packed two-day programme of activities including bush craft, a ropes course, climbing and “The Lifcline’ which is a team building and problem-solving activity where pupils follow a trail leading a blindfolded team. It is an excellent opportunity to develop friendships in a relaxed, fun and challenging environment.

In the second half of the summer term, 92 Second Form students took part in Challenge Week, where they undertook five adventures in five days, an expedition, a forest adventure, a paddle adventure, a survival adventure and a maritime adventure. The Second Form also undertook their annual Midwinter Expedition in January where they walked from the school to a local hall, slept overnight, and walked back, covering more than 25 miles over the two days in some very wintery weather.

Moonrakers, started over 50 years ago, is a weekly Friday afternoon venture for all Third Form pupils, incorporating a number of outdoor activities all over the school site. It culminates in a week-long camp, during the summer term, at the Outward Bound Centre in Aberdyfi, Wales. The programme is designed to promote the development of young leaders who can play a positive role in society, and to teach them to recognise how to get the best out of themselves and other individuals and, also how they can foster teamwork.

The Trek to the Stones is a two-day trek from school to Avebury for Fourth Form pupils with an overnight camp at All Cannings. Pupils plan their own route of either 30+, 40+ or 50+ kms. The pupils are unaccompanied, independent and carry

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everything they need in their rucksacks. They are responsible for their own navigation, camping, cooking and looking after themselves and other members of the group.

The Duke of Edinburgh’s Gold Award saw 75 of the Sixth Form taking the Gold award. This year 22 pupils achieved the Gold award, with final expeditions taking place in Wiltshire, Y Bannau Brycheiniog (formerly the Brecon Beacons) and Exyri (formerly Snowdonia)

The Brecons’ Challenge is an adventure tace for Lower Sixth pupils in June, encompassing a 10km run with 850m of ascent, an 18km mountain bike tide, before concluding with an 8km kayak paddle.

For a week following the GCSE exams, Dauntsey’s offers a selection of adventure and life-skills courses which provide Fifth Form pupils with stimulating and practical learning opportunities; they have proved to be extremely popular. The various and diverse courses include cookery, RLSS Lifeguatd training, Emergency First Aid and Rescue, adventure activities on the Jurassic Coast and life skills delivered on the Jolie Brise Life Skills course. On successful completion of the courses, some of which incorporate assessments, many pupils gain recognised certificates and qualifications for their lives beyond Dauntsey’s.

More than 30 Sixth Form students worked as Assistant Instructors on Adventure Ed programmes, passing on their knowledge, skills, and enthusiasm for adventure to younger pupils in a variety of settings.

The Devizes to Westminster is an annual 125-mile canoe ultra marathon held over Easter Weekend cach year. It is an international event, known as the Canoeists Everest attracting competitors from all over the world. Dauntsey’s has been enteting teams in the junior, three-and-a-half-day event, since 1969 and is therefore the school with by far the longest involvement. This year we entered five Dauntsey’s boats, 10 pupils instead of the usual 7. Pleasingly all the crews managed to complete the gruelling 100 plus mile tace and in addition the fastest Dauntsey’s girls pair also won the junior gitls' class overall. This success has helped raise awateness within the school, and carly signs are that we will be back to 7 boats, 14 students next yeat.

The school’s tall ship, a gaff-rigged pilot cutter, the Jo/ie Brise, offers a full programme of adventurous training at sea. The Joie Brise is a Category 0 vessel] which means that she can go anywhere in the world at any time, subject to risk assessments. All pupils spend at least 24 hours on boatd the Jo/e Brise either in their Fourth Form or Lower Sixth. If they enjoy this experience, they can join the sailing club, which has been active for over 50 years. Members can sign up for the various cruises that arc on offer cach year.

In 2025 a programme of 5-day Competent Crew courses was run throughout Easter and half term. The Joke Brise was used for trips as patt of the curriculum and extra-curricular activities throughout summer term. During the summer holidays there were 5 Dauntsey’s student cruises, one chartered cruise, one parents cruise and 6 days of public day trips. As part of this, the Jolie Brise took patt in the annual Tall Ships races, starting in Prance, tacing along the East coast of the UK to Aberdeen, another race leg across the North Sea to Norway where she cruised in company with the Tall Ships Fleet, racing again to Denmark then participating in Sail Amsterdam, which happens every 5 ycars, before finally attending the Centenary event for the Royal Ocean Racing Club in Plymouth. In addition, 45 Second and Third Form students sailed to the Isle of Wight and spent 8 days camping and dinghy sailing. Students have also completed shore-based courses such as sea sutvival. A total of 489 Dauntsey’s students sailed on the Jose Brise in the last 12 months for varying lengths the shortest being 6 hours and the longest being 2 wecks. Alongside this we have seen 105 other young people join the boat either from charities or local schools.

School trips

The School supports a wide variety of educational and sporting trips throughout the year, and 2024-25 saw a full programme of activitics.

The Sporting programme was full, with pre-season training taking place for rugby, hockey, netball, and cricket, as well as a cricket tour to Sti Lanka in the Easter Holidays, a trip for many staff and pupils to complete the Paris half-marathon, and a netball tour to Barbados in the summer. The Jode Brise again enjoyed a full programme of cruises, and the Lower School ski trip was much enjoyed by pupils.

The School offered a broad range of educational trips to different places within Europe and beyond, including supporting Adventure in Norway on an arctic adventure, History, at the Western Front, French, Spanish and German trips, and a

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Classics trip to southern Italy to visit Pompeii and other classical sites of interest. Perhaps the highlight of the year in terms of ttips was Dauntsey’s inaugural trip to Kenya in the autumn half-term which was a tremendous success.

Community Programmes, Partnerships and Public Benefit

The School continues to promote accessibility to the wider community by providing programmes aimed at developing pupils’ confidence, communication skills, teamwork and the abilities of individuals through specialised teaching, coaching and organised tournaments. Dauntsey’s partnership programme is led by the Head of Partnerships and has again seen significant growth in the past year, with sessions provided for more than 4,200 local children from 28 different primary schools and organisations. Funding from the Mercers company has allowed the School to expand the programme, with increased provision of weekly transport for Primary School to and from events. New partnerships have been established over the last year with new schools and with a boarder curriculum of partnerships covering programmes of spott, science, maths, design and music. Continued provision of outreach activities is planned, going forward.

One major part of the programme offered is through the provision of sport sessions actoss six local ptimaty schools, with mote than 300 pupils involved each week. The programme is well-established and provides coaching sessions for childten in hockey, tag rugby, netball, athletics and cricket. These sessions culminate in spotting festivals which are organised, administered, and tun by Dauntsey’s sports staff and pupils who ate studying for their national Leadership in Sports Award qualification, which requires a large element of volunteering. These festivals take place at the school and make use of the sporting facilities including the two astro-turf pitches, playing fields and the Pavilion. The staff and equipment that is requited to teach the pupils, is provided by the school. Fach festival is attended by over 150 pupils eager to show off their newly acquired skills.

Dauntsey’s staff have also been tunning Saturday ‘clubs’ for local children to sign up for — in hockey, netball, multi-activities, table tennis, dance and athletics, in conjunction with local sports clubs. A major highlight are the six ‘netball rallies’ in the autumn and spting terms for U10 — U16 age groups with many teams attending tegularly. The summer term involves hosting primary school athletics events on the Dauntsey’s track. We also host a number of different Wiltshire Finals, including disability games, orienteering and tri-golf.

Alongside staff participation, this year has seen 73 Sixth Form pupils involved in activities for local primary schools and responsible for organising many others. This has been a highlight of the year for both the Dauntsey’s Lower Sixth Form and the primary schools. The programme offers a wide range of activities alongside sport. The very popular Woodland Adventure’ programme offers weekly Key Stage 1 sessions in the Manor Woods, with activities such as nature art, bug houses, den building, trec climbing, magic potions and a campfire with hot chocolate and cookies always very popular. Transport for mote than 30 children per session is provided. Other activities such as Year 6 science lessons, maths roadshows at local primary schools, Year 3 Art printing projects, reading projects such as ‘Help boys read’ and English as Additional Language (EAL) festival sessions all take place regularly. These programmes are highly regarded by the many young childten who benefit from the schemes.

The annual Dauntsey’s Dodecahedron Maths Competition has been running in vatious forms for over 30 years. ‘The latest incarnation comprises teams of four pupils from local primary schools taking part in a number of mathematical challenges over the course of the day, with an overall winner declared and trophy presented at the end of the day. During 2024-25, eleven teams competed on 4 June and the overall winner was Holy Trinity Primary Academy from Great Cheverell. In addition to the Dodecahedron Competition, the Dauntscy’s Mathematics department also visits a number of local primary schools evety summer to hold a Maths Fun Day competition. This comprises pairs of pupils tackling a number of hands-on mathematical puzzles and challenges over a 90-minute period. In the last academic year, four primary schools were visited.

The annual dance show was a huge success, with 27 schools involved across two days and hundreds of children taking part. ‘The ‘Musicals’ themed show was extremely well attended both nights, filling the Memorial Hall with parents, teachers, and pupils. This has been described as a ‘rite of[passage][for][ Year][ 6] pupils’by onc local Head Teacher.

The folie Brise provides life-changing experiences for pupils from schools and community groups other than Dauntsey’s. The pupils all participate in the Joe Brise experience as cach crew member must swab the decks, make all lines correct, navigate, steer, cook, clean and stow. This experience provides various challenges for young people to overcome on both an individual and a team basis.

Subsidised arrangements remain in place for the use of the swimming pool, the sports hall, both astros pitches, the Pavilion, school grounds and other school facilities at rates well below commercial levels for the wider community’s benefit.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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e The swimming pool is used by local swimming and canoe clubs for training sessions on a regular basis. Local primary schools access the swimming pool to achieve the National Curriculum Swim Targets and primary school swim galas, while local residents are given the opportunity to enjoy the pool facilities with a membership with Lavington Swim Club who swim 3 times a week.
o Wealso run our own swim school 4 evenings a week to around 100 children every week from stages 1-7. We have smaller groups for our swimming lessons to provide a better experience for the children, to help them improve and move to stages easier and more quickly.
¢ The Sports hall is used by a variety of local clubs and societies like Devizes Netball Club, Pottetne Cricket Club, Urchfont Cricket Club who continue to access the school facilities for weekly club training, winter training and game sessions. We ate the home of Devizes Wizards Basketball Club who train in the sports hall and host league matches.
e Our AstroTurf pitches are the home of Devizes Hockey Club who hold weekly club training sessions and league matches throughout the season. Wiltshire Hockey also use our facilities for coaching sessions and tournaments, while Wotton and Cheverell Football Club use us fot training sessions duting the winter petiod.
e Wiltshire Cricket use the school’s facilities for several coaching sessions and tournaments. Coaching coutses are run in the sports hall, and the outdoor nets and pitch facilities are used to coach academy players. All the facilities are provided at a small chatge to Wiltshire Cricket and Wiltshire Hockey.

Annually, Devizes Lion Club access the school facilities for theit successful Big Sports Coaching Weekend doing vaties activities. The School have welcomed The Watrior Academy and 121 Hockey to continue the growth in providing facilities to the wider community.

During the school year, Dauntsey’s welcomes distinguished speakets, covering a wide range of topics, as part of its Mercers’ Lecture programme. These ate free, open to the school community and general public and ate well attended. Speakers during the year included Simon Calder, Dt Tanya Byron, Holly Budge, Sam McAllister and Ragae Omar.

Dauntsey’s is proud to promote its partnerships with local maintained schools regarding mental health and wellbeing. The School gifted Lavington School the ‘Teen Tips Wellbeing Hub’. The Mental Health and Wellbeing Coordinator also provides free training, resources and mutual suppott as part of our partnership programme.

In the Easter holiday, the school site and boarding facilities were once again used free of charge by approximately 60 pupils and staff from King Solomon’s Academy in London to run a three-day GCSE revision camp.

The provision of bursaries is detailed in ‘Achievements and Performance for the Year’ under the subsection ‘Operational Performance’ on page 8.

Environmental Projects & Energy Reporting

Dauntsey’s has a good track record of investing in sustainable projects to reduce its carbon footprint and the Governors are keen to support further investment designed to reduce the school’s environmental impact. At the main school site, now six photovoltaic atrays export electricity to the national grid thereby reducing the school’s own demands. In the Manor House, there is a biomass boiler system which provides hot water and heating. Recycling of paper, cardboard and other consumables is well-established. Food waste is transported to a nearby biomass fucl depot, where it is digested to produce organic fertiliser and energy from the methane generated during the process. This approach helps reduce carbon dioxide emissions, and by diverting food waste to the digester, we also lower the overall weight and fuel requirements for black bag disposal,

The black bag waste is transported to Bridgwater, where it is incinerated to generate heat and energy. The green bag waste is delivered to the Grist Material Recovery Facility (MRF) in Devizes, where it is manually and mechanically sorted to maximise recyclable material recovery.

Dauntscy’s is obliged to comply with the statutory reporting requirements of the Carbon and Energy Reporting Regulations. The information below is based on the amount of gas, oil, electricity and fuel consumed by the School during the year. This was converted to kilowatt hours using the website http://carbon-calculator.org.uk, which uses conversion factors provided by DEFRA as part of its Environmental Reporting Guidelincs.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

a	a	a	a	a
UK energyuse (kWh)	4,741,308 ,/41,	man 5,351,924 al,	- 5,481,283	Enetgyuse reduced by 11.4% since bong
Associatedgreenhouse gas emissions (TonnesCO2 equivalent)	1032	‘779	798	Diesel minibus fuel included in GHG calculations for fitsttime in 2025
Intensity ratio
(Tonnes ofCO2 emitted per pupil 840	1.23	0.91	0.91
(2024:857))

Overall Energy use declined more than 10% in 2024/25, in part due to a renewed focus on energy management initiatives during the year, including use of LED lighting and better heating controls.

School charity

At the beginning of each academic year, the entire school community of pupils and staff votes to select a charity for the remainder of the year, with national and international charities being considered on alternate years. During the last year, the School chose to support The Atlas Foundation, whose vision is to support children around the world to improve their aspirations, opportunities, life chances and happiness, and who work to address negative outcomes linked with hardship, povetty, inequality, and disadvantage. Specifically, Dauntsey’s were partnered with Kings Rugby Development Academy who suppott children in the Kibeta region of Kenya through rugby clubs, healthy nutrition, and educational programmes. Through whole-school fundraising events (such as sponsored non-uniform days), fundraising activities organised by school Houses (such as the Manor bonfire party) and fundraising by individual pupils (such as the student who tan the Paris Half Marathon in support of The Atlas Foundation) a total of £13,888 was raised by Dauntsey’s for Atlas’ transformational work.

Additionally, pupils and staff put together more than 100 shoe boxes of Christmas Gifts to be distributed through The Rotary Club to impoverished children in Eastern Europe, as well as supporting the Nightingales Project in Romania, a transformative work which has hosted visits from the school for several years. In the past year £9,212 was raised for the Nightingales centte.

Development Office and Fundraising

During the year, the School’s Development Office raised £300,269 with the majority of funds: raised coming from a substantial donation and a number of generous legacies from Old Dauntseians.

The office undertakes fundraising activities with former pupils and friends of the School via email, direct mail, telephone contact and a variety of events. The code of conduct for the database management and fundraising activities ensures: e No contact details are released without permission. e Contact is only made to those who have expressed an interest in our activities. We do not engage in cold calling.
e For telephone campaigns, permission is always sought that individuals are happy to receive a call. © Individuals that do not wish to receive communication are placed on a ‘do not mail’ list. e No once feels pressurised to support our work. e All our activities are open, fair and legal.

All fundraising activities for the School are carried out by our staff with assistance from parents and pupils for specific fundraising events. The School does not use professional fundraisers. All fundraising activitics are managed by the Development team and monitored by the School’s Senior Leadership Team. The School aims to treat all donors fairly, staff have regular training sessions to monitor and review operating procedures. There have been no complaints about our fundraising activitics.

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

Net Income

The School’s net loss of £694,230 (2024: Net surplus of £872,508) included an expense item of £2,049,275 for the triennial valuation of the bursarial staff pension deficit. This has resulted in increased employer contributions over the next nine years to fund a forecast shortfall. This figure reflects the requirement to provide in the 2025 accounts for all of the future year payment contributions towards the scheme deficit. The actual payment of the contributions will be made over the next nine

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025 a

years. Please see note 7 for further information on the bursarial staff pension.

The net surplus prior to this pension adjustment came to £1,355,045 which reflects another satisfactory financial performance. The net surplus includes donations and investment gains of £312,647 (2024: £340,813). The surplus was the result of sustained pupil numbers, including boarding operating close to capacity, the continued growth of the successful partnership for summer lets and a clear focus on careful management of costs during the year. Fee income generated during the year allowed the School to invest in the refurbishment and upgrading of parts of the estate.

Investment Powers

The Governors’ investment powers are governed by the Memorandum of Association. The School’s investment funds are held in the Charities Official Investment Fund (COIF) as governed by the School’s investment policy.

The School chooses to invest its limited resources in tisk averse investments. The investments are held in COIF Charities Investment Funds as the products and services have a strong long-term petformance record, ate fairly pticed and ate managed tesponsibly. The School holds two forms of restricted funds. The COIF charities investment fund income units provide a long-term total return comprising growth in capital and income - the School receives a good level of distributions and long-term protection from inflation. The COIF charities deposit fund units provide a high level of capital secutity and competitive rates of interest. In February 2020, a new unrestricted investment fund was established to enable some free reserves to accumulate; it is planned to inctease these as available funds allow.

For year ending 31 August 2025, interest and dividends received totalled £372,653 (2024: £164,934) with investment losses of £14,622 (investment gains 2024: £216,575).

Employment Policy

The School is a committed equal opportunities employer and takes every possible step to ensure that employees are treated equally and fairly. All policies and practices conform with the principle of equal opportunities in terms of recruitment, selection, training, promotion, career development, discipline, redundancy and dismissal.

If a person is disabled, or becomes disabled in the course of their employment, they ate encouraged to tell the School about their condition. This enables the School to support the person as much as possible and to ensure that they are not treated less favourably because of something related to their disability. The person may also wish to advise the School of any reasonable adjustments to their working conditions or the duties of their job which they consider to be necessary, or which would assist them in the performance of their duties.

Employces ate consulted at all levels so that their views are considered when decisions are being taken that ate likely to affect their interests. Employees ate regularly kept informed of the financial performance of the School, as well as other matters of concern to them, through various means of communication, briefings and meetings.

Reserves Policy

At the year-end Dauntsey’s School had toral funds of £23,135,222. Of the total funds, (1,688,273 is represented by endowment funds and is held in investments and £270,974 is represented by a restricted fund. This leaves an unrestricted fund balance of £21,175,975, of which £19,643,397 is represented mainly from the investment the School has made over the years in the infrastructure of the school and its facilities. The remaining £1,532,578 is represented by an unrestricted reserve which was set up in 2020. It is planned, that when there are funds available, to continue building this unrestricted reserve.

The lack of substantial free reserves, in common with many other independent schools, requires that the day-to-day operations of the School are managed closely. Monthly expenditure and cash flows are therefore monitored, together with the working capital needs of the business. This is reviewed by the Governors via the bi-termly Finance & General Purposes committee meetings and termly Full Board meetings. The Governors are content that the current cash flows are sufficient to operate the school and continue to achieve its current strategic aims and objectives.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

Risk Management

The Governors maintain a strategic overview of the key tisks which the School faces. A risk register is maintained to identify and track risks against likelihood and impact. Conttols and monitoring measures are listed alongside each identified risk. Individual risks ate allocated to ownets within the executive; they are linked by subject for routine review by Governors at all committee and Full Board meetings. The register is updated following each committee meeting. Oversight of the tisk management process itself is delegated to the Audit and Risk Committee.

The key conttols used by the charity include: e Detailed terms of reference for all Committees e Formal agendas and minutes for all Committee and Board activity e Comprehensive strategic planning, budgeting and management accounting e Established organisational structures and lines of reporting e Formal written policies e = Clear authorisation and approval levels e Rigotous safeguarding procedutes e A specific committee reviews and manages Governance, Compliance and Safeguarding.
The risk register identifies the strategic risks to the successful operation of the charity. Of these, the key tisks to the business, as at the date of signing the accounts, are identified as:
e Failure in compliance and safeguarding. This risk is overseen by the Governance, Compliance and Safeguarding Committee. There is a Designated Safeguarding Lead (DSL) within the Senior Management Team supported by a Governor with specific safeguarding responsibilities. The DSL is supported by a team of well-trained Deputy DSLs. All staff are trained in the importance of safeguarding and how to report any concerns. This is supported by a well-developed suite of procedures focussed on safeguarding measures together with several bespoke tools to facilitate casy reporting of any concerns. All staff are subject to rigorous pre-employment checks. A Compliance Officer is tasked with providing assurance of[regulatory][compliance.][The][School][utilises][independent][specialist] advice to assist in providing assurance of the efficacy of safeguarding and compliance protocols.
e Fee affordability and pupil numbers. Whilst current pupil numbers arc strong, there is a clear risk that the broader economic environment facing Independent Schools in particular, will adversely affect the ability of current and prospective parents to fund the cost of educating their children at the school. The imposition of VAT on independent school fees has meant that the fees paid by parents rose during the year, adding to overall affordability concerns and the associated tisk of falling pupil numbers. The impact of VAT on fees and cost increases (below) could well lead to a decrease in pupil numbers over the medium term. The School monitors the level of future pupil registrations and has taken steps to reduce its operating costs in line with projected changes in the pupil roll. In addition, the School has reviewed its offer available at different entry points and is increasing its marketing and admissions reach both locally and in international markets.
¢ Cost inflation. The School is and could be further affected by significant increases in its cost-base which could, in turn, force it to inctease its fees to cover those additional costs. During the year, the removal of business rates relicf, the imposition of VAT on fees (as above) and an increase in employer National Insurance contributions took place, alongside confirmation of further increases in the contribution rates to fund the pension deficit in the School’s pension schemes. Budgets for the next financial year make suitable provision for these increases but the longer-term cost position will inevitably put pressure on the School to increase fees, and risk making the offer less affordable. The School will actively consider steps to address these risks and mitigate their impact as they arise.
¢ Quality of teaching, pastoral cate and facilities. This risk is mitigated by maintaining investment in high quality staff and the provision of a comprehensive pastoral care system. Continued investment in the estate in terms of new facilities and pre-planned maintenance programmes, including approaches to mitigate emerging risks of pitches flooding in the winter, ensure that facilities remain at a high standard. The School invests in training programmes to enhance and improve the teaching and learning delivered by the academic staff.
e Inadequate financial planning and controls. This risk is managed through a comprehensive suite of measures including bi-termly meetings, if necessary, of the Finance and General Purposes Committee and clear financial approval processes. Clear and accurate forecasting of budgets and cash flows are prepared for and examined at cach meeting with detailed scrutiny of budget variations. Monthly management accounts are also prepared with variances versus budget being reviewed by management. Financial forecasts are updated at regular intervals throughout the year to identify significant deviations versus budget.

DAUNTSEY’S sCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025 a eIT security breach, The risk of a cyber-breach leading to the loss of critical data, the publication of confidential information or the fraudulent diversion of payments to or from the School could be very damaging. To manage this risk, the School actively reviews and upgtades its IT security measures, conducts internal and external penetration testing and both promotes awareness of and training about these cyber-tisks to its staff and pupils. It also carries specific insurance to mitigate some of the tisk of a cybet-attack or data loss.

Oversight of the risk management process is vested in the Audit & Risk Committee which conducts a detailed annual review to confirm the relevance of risks identified within the strategic risk register. In addition, the Governing Body conducts a ‘new or emerging tisks’ scan each year which feeds identified tisks into the Committee structure for further review and management. The annual review process revalidates the responsibilities assigned to committees of the governing body for oversight of individual risks. By constant reference to the risk register at every governance level, the Governors can provide assurance that the key risks are identified, mitigated and appropriately monitored.

GOVERNORS’ RESPONSIBILITIES

The Governots are responsible for preparing the Governors’ Repott and the financial statements in accordance with applicable law and regulations.

Company law requites the Govetnors to prepare financial statements for each financial year. Under that law the Governors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Governors must not apptove the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and group, and of the tesult of the charitable company and group for that yeat.

In preparing these financial statements, the Governors are required to:

° ’ Select suitable accounting policies and then apply them consistently. ° Observe the principles in the Charities Statement of Recommended Practice SORP). . Make judgments and accounting estimates that are reasonable and prudent. . State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
° Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continuc in business.

‘The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company and group’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and group and hence for taking tcasonable steps for the prevention and detection of fraud and other irregularities.

So far as cach of the Governots is aware at the time the report is approved there is no relevant audit information of which the charitable company and group's auditors are unaware; and the Governors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Director’s duties under Section 172(1) of the Companies Act requires that a director of a company must act in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of[its][members][as][a][whole] and in doing so have regard to:

e The likely consequences of any decision in the long term. . The interests of the company’s employees. e The need to foster the company’s business relationships with suppliers, parents, the community and others. ° The impact of the company’s operations on the community and the environment. e The desirability of the company maintaining a reputation for high standards of business conduct. e The need to act fairly between members of the company.

The Governors have regard to the school’s employees’ interests and has a designated Governor available to all staff for any issues they may have. This Governor visits the school regularly and meets with both academic and support staff. The Governance, Compliance and Safeguarding committee are made aware of any employee issues at their termly mectings. These are also reported to the Full Board.

DAUNTSEY's SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

Governors have regard to the need to foster the company’s business relationship with its suppliers. Governors review the biannual ‘payment practices’ reports and are content that suppliers are paid on or before the invoices are due.

Governors have regard to the need to foster the relationship with the parents of the pupils in the school, as they are the major customers of the school. Governors regularly attend school events where they are able to meet with the parents of the school.

Governors have regatd to the impact of the school’s operations on the community. The Governors review the partnership activities undertaken by the school in the local community along with other community use of the school’s facilities. Members of the Governing Body and members of the school’s Senior Leadership Team also meet with the West Lavington Parish Council.

AUDITORS

The school's external auditors appointed for the year ended 31 August 2025 are HaysMac LLP.

The Governots’ Report incorporating the Strategic Report was signed by order of the Governors on:

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4 December 2025 OO
hair ofF GovernorsClifford Govern=§ Paype-Kumat
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DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025 a

Opinion

We have audited the financial statements of Dauntsey’s School for the year ended 31 August 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Charity Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. ‘The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements: * give a true and fair view of the state of the group’s and of the parent charitable company’s affaits as at 31 August 2025 and of the group’s and parent charitable company’s net movement in funds, including the income and expenditure, for the year then ended,
° have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and « have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards ate further described in the Auditor’s responsibilities for the audit of the financial statements section of our teport. We ate independent of the group in accordance with the ethical requirements that are relevant to out audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a petiod of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Governors’ Annual Report. Out opinion on the financial statements does not cover the other information and, except to the extent othetwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencics or apparent matcrial misstatements, we ate required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit: e the information given in the Governors’ Annual Report (which includes the strategic report and the Directors’ report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
e the strategic report and the directors’ report included within the Governors’ Annual Report have been prepared in accordance with applicable legal requirements.

DAUNTSEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

a

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Governors’ Annual Report (which incorporates the strategic report and the directors’ report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

® adequate accounting records have not been kept by the charitable company; or © the charitable company financial statements are not in agreement with the accounting records and returns; of * certain disclosures of trustees’ remuneration specified by law ate not made; ot © we have not received all the information and explanations we require for our audit.

Responsibilities of trustees for the financial statements

As explained mote fully in the trustees’ responsibilities statement (set out on page 17), the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and the patent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concetn and using the going concetn basis of accounting unless the trustees either intend to liquidate the group or the patent charitable company ot to cease operations, ot have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect matetial misstatements in respect of irregularities, including fraud. The extent to which our procedures ate capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the environment in which it operates, we identified that the ptincipal risks of non-compliance with laws and regulations related to the independent school regulations, safeguarding regulations, health and safety requirements, GDPR, employment law and charity law and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011 and Companies Act 2006 and consider other factors such as sales and payroll taxes.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the improper recognition of revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included:

Inspecting correspondence with regulators and tax authorities,
- Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
- Evaluating management’s controls designed to prevent and detect irregularities;
Reviewing of minutes of Governors’ mectings during the year;
- Identifying and testing journals, in particular journal entries posted at the year end; and - Challenging assumptions and judgements made by management in their critical accounting estimates.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading

9th December 2025

VMAUNTSEY'S SCiUOUL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025
a
CONSOLIDATED STATEMENT		General	Restricted	Endowment	Total	Total
OF FINANCIAL ACTIVITIES
	Notes	Funds £	Funds £	Funds £	2025 £	2024 £
INCOME
Income from Charitable activities
School fees	2	23,039,525	-	-	23,039,525	22,828,935
Other educational income	4	118,859	-	-	118,859	64,638
School shops		268,463	-	-	268,463	305,510
Income from other activities				-
Trading companies Investments Grants& Donations - Mercers’ Co.	3	343,068 312,462 2,000	- - 25,000	- 60,191 -	343,068 372,653 27,000	354,991 164,934 52,000
- Other		85,765	214,504	-	300,269	72,238
Other		26,993	-	-	26,993	6,735
Total Income		24,197,135	239,504	60,191	24,496,830	23,849,981
EXPENDITURE
Expenditure on raising funds Tradingcosts FundraisingandDevelopment Financingcharges School shops		9 A73 47,129 68,309 325,528	- ~ - -	- - - -	9,473 47,129 68,309 325,528	8,229 43,917 139,668 358,006
Expenditure on Charitable Activities
School operating costs: Teaching Welfare Premises Support& Governance costs Grants, awards and prizes		11,156,252 3,800,306 4,334,019 2,803,741 5,300	25,650 - 33,951 - 495,995	- - - - 21,510	11,181,902 3,800,306 4,367,970 2,803,741 522,805	=11,423,960 3,739,944 4,383,507 2,436,371 660,446
TotalOperating Expenditure		22,550,057	555,596	21,510	23,127,163	23,194,048
Pension deficit costplan	7	2,049,275	-	-	2,049,275	-
TotalExpenditure	5	24,599,332	555,596	21,510	25,176,438	23,194,048
NETINCOME/(EXPENDITURE)		(402,197)	(316,092)	38,681	(679,608)	655,933
before net gains/(losses) on
investments
Unrealised investment gains/ (losses)		(10,942)	-	(3,680)	(14,622)	216,575
NETINCOME/(EXPENDITURE)		(413,139)	(316,092)	35,001	(694,230)	872,508
BEFORE TRANSFERS
Transfers	16	(460,791)	460,791		-	-
NETMOVEMENTINFUNDS		(873,930)	144,699	35,001	(694,230)	872,508
FUNDSBROUGHTFORWARD		22,049,905	126,275	1,653,272	23,829,452	22,956,944
CARRIEDFORWARDAT		21,175,975	270,974	1,688,273	23,135,222	23,829,452
31August2025		re!	==	os	=	=
The Charitable company’s net surplus for the year excluding the bursarialpension deficit cost planwas					{1,399,045
(2024:£872,508).

The notes on pages 29 to 45 form part of these financial statements. All amounts derive from continuing activities. All gains and losses recognised in the year are included in the Statement of Financial Activities.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |CONSOLIDATED|Group|Charity|Group|Charity| |BALANCE|SHEET| |2025|2025|2024|2024| |Notes|£|£|£|£| |FIXED|ASSETS| |Tangible|assets|9|22,854,406|22,854,406|22,920,394|22,920,394| |Investments|10|4,222,057|4,222,061|3,198,100|3,198,104| |27,076,463|27,076,467|26,118,494|26,118,498| |CURRENT|ASSETS| |Stock|301,045|301,045|306,775|306,775| |Debtors:|amounts|falling due within|one|11|5,512,276|5,708,720|610,168|841,426| |yeat| |Investments|12|715,291|715,291|-|-| |Cash|at|bank|and|in|hand|8,806,143|8,589,374|12,084,204|11,837,683| |15,334,755|15,314,430|13,001,147|12,985,884| |CREDITORS:|amounts|falling|due| |within|one|year|13|(14,369,140)|(14,351,318)|(10,221,323)|(10,208,563)| |NET CURRENT|LIABILITIES|965,615|963,112|2,779,824|2,777,321| |TOTAL ASSETS LESS CURRENT|28,042,078|28,039,579|28,898,318|28,895,819| |LIABILITES| |CREDITORS:|amounts|falling|due| |after more|than|one|yeat|14|(4,906,856)|(4,906,856)|(5,068,866)|(5,068,866)| |NET ASSETS|15|23,135,222|23,132,723|23,829,452|23,826,953| |FUNDS| |Unrestricted|Funds|16|21,175,975|21,173,476|22,049,905|22,047,406| |Restticted|Bursary Fund|16|270,974|270,974|126,275|126,275| |Endowment|Funds|(including| |revaluation|reserve|of £463,325)|16|1,688,273|1,688,273|1,653,272|1,653,272| |TOTAL FUNDS|23,135,222|23,132,723|23,829,452|23,826,953|

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The Charitable company’s net (loss) /surplus for the year was £(694,230) (2024: £872,508).

The notes on pages 29 to 45 form part of these financial statements.

The financial statements were approved and authorised for issue by the Board of the Governors on 4 December 2025 and were signed below on its behalf by:

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“RE Clifford
Chair of Governors
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WL
~—S-Payne Kumar
Governor
<
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DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |a| |CONSOLIDATED|CASH FLOW|2025|2024| |STATEMENT|Note|£|£|£|£| |Net|cash|inflow from|operating|activities|A|(836,275)|8,188,886| |Cash|flows|from|investing|activities:| |Investment|income|319,910|112,791| |Interest|received|52,743|52,143| |Purchase|of investments|(1,316,162)|(313,843)| |Purchase|of tangible|fixed|assets|(1,061,533)|(915,940)| |Proceeds|from|sale|of|investments|277,584|15,528| |Proceeds|ftom|sale|of|fixed|assets|963|63,750| |Net|cash|outflow ftom|investing|activities|(1,726,495)|(985,571)| |Cash|flows|from|financing|activities| |Repayment|of existing|loans|-|(950,000)| |Net|cash|outflow from|financing|activities|-|(950,000)| |Movement|in|cash|(2,562,770)|6,253,315| |Cash|and|cash|equivalents|at|the|beginning|of| |the period|12,084,204|5,830,889| |Cash|and cash equivalents|at the end of|the period|9,521,434|12,084,204| |The|note|to|this|statement|is|on|page|28.| |2024|Cashflow|2025| |Analysis|of movements|in|funds|£|£|£| |Cash|at|bank|and|in|hand|12,084,204|(2,562,770)|9,521,434| |Total|cash|and|cash|equivalents|12,084,204|(2,562,770)|9,521,434| |Total|12,084,204|(2,562,770)|9,521,434| |2025|2024| |Analysis|of movements|in|funds|£|£| |Increase/(Decreasc)|in|cash|in|the|year|(2,562,770)|6,253,315| |Cash|outflow|from|decrease|in|debt|-|950,000| |Overall movement|in|funds|(2,562,770)|7,203,315| |Opening net|funds|12,084,204|4,880,889| |Closing|net funds|9,521,434|12,084,204|

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DAUNTSEY’s SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025
a
		2025	2024
A.	RECONCILIATION OFNET INCOMETO
	NETCASHFLOWFROMOPERATINGACTIVITIES	£	£
	Netincome for the yearbefore investmentgains/(losses) Depreciation Loss/(Gain) on disposal ofassets Interest received	(679,608) 831,659 1,734 (319,910)	655,933 819,754 (56,055) (52,143)
	Investment income	(52,743)	(112,791)
	Decrease/ (increase) in debtors (Decrease)/increase in creditors - fees in advance scheme - other	(4,608,944) (2,542,698) 6,528,505	801,866 5,341,367 773,915
	Decrease/(Inctease) in stock	5,730	17,040
	Netcash(outflow)/inflowfromgroupoperations	(836,275)	8,188,886

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

NN

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice (“SORP (FRS102)”), Financial Reporting Practice applicable in the UK and Republic of Ireland (FRS 102) second edition effective 1 January 2019 and the Companies Act 2006.

The functional currency of the school is GBP because that is the currency of the primary economic environment in which the school operates.

The charity has taken advantage of the exemption available to a qualifying entity in FRS 102 from the requirement to present a charity only Cash Flow Statement with the consolidated financial statements.

Having reviewed the funding facilities available to the school together with the expected ongoing demand for places and the school’s future projected cash flows, the Governors have a reasonable expectation that the School has adequate tesources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in ptepating the financial statements.

The school is a Public Benefit Entity registered as a charity in England and Wales and is a company limited by guarantee. The members of the company ate the Governors named on page 3. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company. It was incorporated on 11 July 2006 (company numbet 5872694) and registered as a charity on 31 July 2006 (charity number 1115638). The school’s registered office is Dauntsey’s School, West Lavington, Devizes, Wiltshire, SN10 4HE.

The ptepatation of financial statements in compliance with FRS 102 requires the use of cettain critical accounting estimates. It also requites management to exercise judgment in applying the Charity’s accounting policies. The key judgement that has been applied by management relates to the fully funded pension deficit recovery plan arising from the recent triannual valuation. The school has adopted the methodology provided by TPT tetitement solutions (previously The Pensions Trust) to represent the net present value calculation and associated costs. We will continue to monitor developments so that our financial plans can sustain future deficits or whether the schemes remain affordable.

The accounting policies adopted are described below:

a) Group financial statements These financial statements consolidate the results of the charitable company and its wholly owned subsidiaries Dauntsey’s School Library Services Limited, Jolie Brise Limited and Dauntscy’s School Enterprises Limited. In accordance with Section 408 of the Companies Act 2006, no separate Statement of Financial Activities ts presented for Dauntscy’s School. The net incoming resources of the Charity are disclosed in note 17.
b) Basis of Accounting These financial statements have been prepared undet the historical cost convention as modified by the revaluation of certain asscts.
c) Income Fees receivable, other educational income, school shops and other ancillary income for services and use of premises are accounted for in the year in which the service is provided. Fees receivables are stated after deducting allowances, scholarships and bursatics allowed by the School and are exclusive of any VAT. Investment income is accounted for in the year in which the company is entitled to receipt. Donations are accounted for upon receipt. Legacies are recognised when the Charity can establish entitlement, probability of receipt and the ability to estimate with sufficient accuracy the amount receivable.
d) Expenditure

Direct charitable expenditure consists of all expenditure directly relating to the objects of the Charity. Certain central costs which cannot be directly allocated are apportioned between charitable activities and the costs of generating funds, based on estimates by management of the time spent on the relevant functions.

Governance costs comprise the costs of running the charity, including strategic planning for its future development, external audit and legal advice for Dauntsey’s School Governors, and all the costs of complying with constitutional and statutory requirements.

Irrecovetable VAT is included within the category of expenses to which it relates.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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ACCOUNTING POLICIES (continued)

€) Tangible Fixed Assets Tangible Fixed Assets are shown at cost. Depreciation is provided at the following annual rates in otder to write off each asset ovet its estimated useful life:

Freehold buildings - 50 years Computers - 3 years Sail training vessel ~ 20 years Furnishings and improvements ~ 14 years Plant and equipment - 20% reducing balance

No depreciation is provided on freehold land ot assets in the course of construction

f) Fixed Asset Investments Investments ate stated in the financial statements at market value. Realised gains or losses from investment disposals (sale proceeds less opening market value) and unrealised gains or losses arising from the change in value of those investments still held are disclosed in the Statement of Financial Activities.
Investments in subsidiaries are valued at cost.
g) Stock Stock is cartied at the lower of cost and net tealisable value.
h) Current Asset Investments Current asset investments telate to liquidity funds which are held at fair value at the balance sheet date.
i) Financial instruments are initially recognised at transaction value and subsequently measured at amortised cost except for investments which are held at fait value. Financial asscts held at amortised cost comprise cash at bank and in hand, together with fee debtors, extras billed in July and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes and provisions. Assets and liabilities held in foreign currency are translated to GBP at the balance sheet date at an appropriate year end exchange rate.
1) Unrestricted Funds These funds ate expendable at the discretion of the Trustees in furtherance of the objects of the Chatity.
k) Designated Funds These funds are set aside at the discretion of the Trustees for a particular purpose.
i) Expendable Endowment funds These funds represent monies received where the income arising is restricted to a particular purpose. The trustees may also usc the capital of the fund where necessary.
m) Permanent Endowment fund

These funds represent funds which are restricted for the purpose of providing bursary support.

n) Restricted Funds Restricted funds represent amounts donated to the School for a specific purpose.
0) Pensions The school operates separate pension schemes for teaching and non-teaching staff which are described in Note 7. The school’s responsibility is limited to its contributions, which are charged against incoming resources in the year in which they are made.
Pp) Operating Leases Rentals for assets held under operating leases are charged to the incoming resources as they become payable.

DAUN TSE Y's SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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SCHOOLFEES	2025	2024
	£	£
Gross board and tuition fees	25,225,301	25,114,137
Less: Scholarships Less: Bursaries - Dauntsey’s School Less: Discounts— Siblingand military - Staff	(402,205) (514,922) (1,097,080) (689,072)	(397,220) (653,241) (1,058,272) (832,170)
	22,522,022	22,173,234
Add: Scholarships funded from endowment funds Bursaries funded from restricted funds	21,508 495,995	25,872 629,829
	23,039,525	22,828,935

All other incoming resources ate attributable to the continuing activities of the Group and are earned entirely within the United Kingdom.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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3. INCOME FROM SUBSIDIARIES’ TRADING ACTIVITIES

Jolie Brise Limited (JBL) (company number: 03234906) Dauntsey’s School Enterprises Limited (DSEL) (company numbet: 02956098)

Both companies are registered in the UK and wholly owned by Dauntsey’s School. The trading results for the year, as extracted from the audited financial statements, are summarised below:

		JBL	DSEL	Total
		2025	2025	2025
		£	£
‘Turnover - external		22,079	320,989	343,068
		22,079	320,989	343,068
Costofsales	- Dauntsey’s School - external	- (3,770)	(53,735) (5,703)	(53,735) (9,473)
Netprofit		18,309	261,551	279,860
Distribution	under gift aid	(18,309)	(261,551)	(279,860)
Debtors Cash and bank		11,991 20,846	143,442 195,923	155,433 216,769
Creditors		(32,692)	(337,007)	(369,699)
NetAssets		145	2,358	2,503
Share Capital and Reserves
Called up share capital Profit and loss Reserve		2 143	2 2,356	4 2,499
		145	2,358	2,503

At 31 August 2025 there was a balance of £351,877 (2024: £387,853) owed to the school by the subsidiary entities. No remuneration, dividend or any other form of reward or benefit has been received by the Chair, the Head Master or the Bursar from the trading subsidiarics.

The registered office for both subsidiaries is as follows: Dauntsey’s School West Lavington Devizes Wiltshire SN10 4HE

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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3. INCOME FROM SUBSIDIARIES’ TRADING ACTIVITIES (continued) COMPARISON 31 AUGUST 2024

		JBL	DSEL	Total
		2024	2024	2024
		£	£
	Turnover - external	17,552	337,439	354,991
		17,552	337,439	354,991
	Cost ofsales - Dauntsey’s School - external	- (3,239)	(67,245) (4,990)	(67,245) (8,229)
	Netprofit/(loss)	14,313	265,204	279,517
	Distribution under gift aid	(14,313)	(265,204)	(279,517)
	Debtors Cash and bank	- 24,889	156,595 221,632	156,595 246,521
	Creditots	(24,744)	(375,869)	(400,613)
	NetAssets	145	2,358	2,503
	Share Capital and Reserves
	Called up share capital Profit and loss Reserve	2 143	2 2,356	4 2,499
		145	2,358	2,503
4.	OTHEREDUCATIONALINCOME		2025	2024
			£	£
	Educational activities
	Entrance and registration fees Courses and sub-lettings		43,586 26,995	47,552 17,086
	Other		48,278	-
			118,859	64,638

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |5.|ANALYSIS|OF EXPENDITURE| |Staff Costs|Other|Costs|Depreciation|Total| |£|£|£|£| |Expenditure|on|raising|funds:| |Trading|costs|-|9,473|-|9,473| |Fundraising & development|16,405|30,724|-|47,129| |Financing|charges|-|68,309|-|68,309| |School|shop|143,905|181,623|-|325,528| |Expenditure|on|Charitable|Activities| |School|operating|costs:| |Teaching|costs|9,710,369|1,437,925|33,608|11,181,902| |Welfare|2,693,767|1,094,539|12,000|3,800,306| |Premises|474,723|3,110,589|782,658|4,367,970| |Support &|Governance|costs|1,219,401|1,580,947|3,393|2,803,741| |Grants,|awards|and|prizes|-|522,805|-|522,805| |Total|operating expenditure|14,258,570|8,036,934|831,659|23,127,163| |Pension|deficit|cost|plan|2,049,275|-|-|2,049,275| |Total Expenditure|-|2025|16,307,845|8,036,934|831,659|25,176,438| |ANALYSIS|OF EXPENDITURE|COMPARISON|31 AUGUST|2024| |Staff Costs|Other|Costs|Depreciation|Total| |£|£|£|£| |Expenditure|on|raising|funds:| |Trading|costs|-|8,229|-|8,229| |Fundraising &|development|20,092|23,825|-|43,917| |Financing|charges|-|139,668|-|139,668| |School|shop|136,487|221,519|-|358,006| |Expenditure|on|Charitable|Activities| |School|operating|costs:| |Teaching|costs|9,662,607|1,746,961|14,392|11,423,960| |Welfare|2,543,263|1,187,174|9,507|3,739,944| |Premises|500,589|3,091,304|791,614|4,383,507| |Support &|Govetnance|costs|1,153,242|1,278,888|4,241|2,436,371| |Grants,|awards|and|prizes|-|660,446|-|660,446| |Total Expenditure — 2024|14,016,280|8,358,014|819,754|23,194,048|

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All costs included in charitable activities are direct costs except for support costs of schooling which comprise:

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||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Wages|and|salaries|1,219,401|1,153,242| |Recruiting,|training,|health &|safety|688,737|705,318| |Office|expenditure|and|travel|726,514|487,740| |Allocated|depreciation|3,393|4,241| |Governance|165,696|$5,830| |2,803,741|2,436,371|

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DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |nn| |6.|OPERATING|SURPLUS|2025|2024| |£|£| |Operating|surplus|for|the|year|is|stated|after|charging:| |Auditors’|remuneration|for|audit|services|25,600|28,800| |Auditors’|remuneration|for|taxation|compliance|services|5,740|-| |Operating|leases|329,266|292,853| |Depreciation|831,659|819,754| |7.|STAFF|COSTS|2025|2024| |No.|No.| |The|average|(full|time|equivalent)|number|of employees,|including|part|time,| |within|each|category|of persons|was:| |Teaching|staff|142|(117)|145|(118)| |Administration|staff|226|(153)|226|(156)| |368|(270)|371|(274)| |£|£| |The|costs|incurred|in|respect|of these|employees|were:| |Wages|and|salaries|11,303,319|11,339,996| |Agency|costs|237,204|41,465| |Social|Security|costs|1,244,995|1,133,650| |Pension|costs|1,473,052|1,501,169| |Pension|deficit|cost plan|2,049,275|-| |16,307,845|14,016,280| |The number|of higher paid|employces|was:|2025|2024| |Taxable|emoluments|band:|No.|No.| |£60,000|-|£69,000|30|26| |£70,000|-|£79,999|8|8| |£80,000|-|£89,999|5|-| |£90,000|-|£99,999|-|3| |£100,000|-|£109,999|1|-| |£140,000|-|£149,999|1|1| |£170,000|-|£179,999|1|-| |£230,000|-|£239,999|-|1| |Aggregate|employee|salaries|and|benefits|of key management|personnel|£846,692|£897,390|

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Termination payments in the year totalled £52,404 (202449,011).

No governors received any remuneration. Four governors received reimbursed expenses in respect of travel, accommodation and training totalling £1,410 (2024: Seven governors were reimbursed £3,946).

During the year the school maintained, within its general insurance programme, professional indemnity cover of £5,000,000 and Directors and Officers indemnity cover for the governors of £5,000,000.

Pension Contributions and Commitments

With effect from 1 September 2022 the school no longer participated in the DfE’s Teachers’ Pension Scheme (TPS). An alternative defined contribution scheme has been available from 1 September 2022 for teaching staff.

With effect from 1 September 2023 the school ceased to participate in the TPT defined benefit schemes. The defined contribution scheme has been available from 1 September 2023 for all eligible non-teaching staff and comprises employer contributions of 8.1% and member contributions of 5%, On ceasing to participate in the TPT defined benefit

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

ee

schemes, the school has a residual liability. In addition, a joint and several liability exists in the event that some or all of the other members of the Scheme were to default.

Previously the school operated four schemes for non-teaching staff within TPT Retirement Solutions a ‘multi (66) employer scheme’, previously known as the Pension Trust. There were three schemes with defined benefits. Members of the 1/60" final salary scheme, which was closed to new members on 31 December 1994, comprised employer contributions of 20.5% and member contributions of 9.7%. There were also two careet average related earnings (CARE) benefit schemes. Members of the 1/80 CARE scheme, which was closed to new entrants on 31 August 2013, comprised employer contributions of 16.2% and member contributions of 6.5%. Members of the 1/120" CARE scheme, which was closed to new entrants in August 2019, comprised employer contributions of 8.1% and member contributions of 7.2%. A ‘defined contribution’ scheme opened in September 2019 for new employees and comprised employer contributions of 6% and member contributions of 5%. All the schemes permitted staff to make additional contributions.

The latest triennial valuation which took place on 30 September 2023 identified a further deficit to be funded by increased employer contributions over the next 9 years. Since the previous valuation in 2020 there have been significant increases in UK gilt yields and interest rates some of which was driven by the exceptional market events resulting from the Government budget in September 2022. The impact of this has meant a new recovery plan has been introduced to eliminate the funding shortfall by the end of January 2034. In order to achieve this incteased employer contributions are required to bring the scheme back to a fully funded position.

The school will make increased annual deficit contributions starting at £427,241 from September 2025, which will further increase at 3% per annum until January 2034. The 2024-25 contributions totalled £192,968. The pensions scheme setvice costs, the interest cost and any actuarial gains/losses ate charged to the SOFA each yeat. The liabilities are measured on an actuarial basis at the balance sheet date, using a discount rate which would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions. The resulting liability is included in the balance sheet £3,305,900 (2024: £1,402,570). The school is required to provide for these future increased payments within the SOFA for the year ended 31 August 2025 and this amounted to an expense of £2,049,275. The next actuarial valuation date is 30 September 2026.

TAXATION

There is no liability to Corporation Tax duc to the Company’s charitable status.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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9.	TANGIBLE FIXEDASSETS —GROUPAND CHARITY	TANGIBLE FIXEDASSETS —GROUPAND CHARITY
		Freehold Land and	Plant, furnishings	Sailing Vessel	Group Total
		Buildings	and	(Jolie
			equipment	Btrise)
		£	£	£	£
	COST
	As at 01 September 2024 Additions Disposals Capital Goods Scheme	33,323,910 937,637 - (293,164)	3,770,658 98,753 123,896 - (43,801) -		37,193,321 1,061,533 (43,801) (293,164)
	At 31 August 2025	33,968,383	3,850,753	98,753	37,917,889
	DEPRECIATION
	As at 01 September2024 Disposals Charge for the year	10,982,208 - 707,734	3,191,966 98,753 (41,103) - 123,925 -		= 14,272,927 (41,103) 831,659
	At 31 August 2025	11,689,942	3,274,788	98,753	15,063,483
	NET BOOKVALUE
	At 31 August 2025	22,278,441	575,965	-	22,854,406
	At 31 August2024	22,341,702	578,692 -		22,920,394
10.	FIXED ASSET INVESTMENTS
		Endowment		Unrestricted
			Funds	Funds	Total
	Group and Charity		£	£	£
	Listed investments
	Marketvalue as at 01 September 2024 Additions Disposals Unrealised/realised losses	1,653,272 316,265 (277,584) (3,680)		1,544,829 999 897 - (10,942)	3,198,101 1,316,162 (277,584) (14,622)
	Marketvalue as at 31 August 2025		1,688,273	2,533,784	4,222,057
	Charity
	Investment in subsidiaries
	Cost as at 01 September2024		-	4	4
	Cost as at 31 August 2025		-	4	4
	Totalasat31August2025		1,688,273	2,533,788	4,222,061

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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10.	INVESTMENTS (continued)
	INVESTMENTS COMPARISON 31AUGUST 2024		Endowment	Unrestricted
			Funds	Funds	Total
	Group and Charity		£	£	£
	Listed investments
	Market value.as at 01 September 2023 Additions Disposals Unrealised gains/ (losses)		1,292,411 313,641 (15,528) 62,748	1,390,799 202 - 153,827	2,683,210 313,843 (15,528) 216,575
	Marketvalue as at 31 August 2024		1,653,272	1,544,828	3,198,100
	Charity
	Investment in subsidiaries
	Cost as at 01 September2023		-	4	4
	Cost as at 31 August 2024		-	4	4
	Total as at 31 August 2024		1,653,272	1,544,832	3,198,104
li.	DEBTORS: amounts fallingdue within oneyear	Group 2025 £	Charity 2025 £	Group 2024 £	Charity 2024 £
	Fee debtors	4,643,616	4,643,616	70,815	70,815
	Extras billed for SummerTerm	181,614	181,614	129,986	129,986
	Other debtors	448,597	293,164	157,111	516
	Prepayments and accruedincome Amounts duc from subsidiaries	238,449 -	238,449 351,877	252,256 -	252,256 387,853
		5,512,276	5,708,720	610,168	841,426

2025 Fee debtors includes all fees raised prior to the yeat end (including those relating to the next academic year) due to the change in VAT treatment on fees.

Other debtors include £260,943 (2024: £nil) which relates to accrued VAT recoverable via the Capital Goods Scheme in future years.

CURRENTASSETINVESTMENTS	Group	Charity	Group	Charity
	2025	2025	2024	2024
	£	£	£	£
Liquidity fund	715,291	715,291	-	-
	715,291	715,291	-	-

The liquidity fund has a maturity date of less than three months.

DAUNTSEY'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 AugustAugust 2025
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13.	CREDITORS: amounts fallingdue within oneyear	Group 2025 £	Charity 2025 £	Group 2024 £	Charity 2024 £
	Trade creditors	339,600	339,600	358,103	358,103
	Student deposits Fees in advance— one-year scheme - other	1,627,116 3,620,823 -	1,627,116 3,620,823 -	1,659,671 4,332,422 2,556,192	1,659,671 4,332,422 2,556,192
	Deferred income	6,306,742	6,306,742	34,697	34,697
	Taxation and social security Accruals and provisions Pension liability	1,195,904 851,714 427,241	1,195,904 833,892 427,241	308,245 778,993 193,000	308,245 766,233 193,000
		14,369,140	14,351,318	10,221,323	10,208,563

Student deposits ate treated as falling due within one year as they ate repayable if a tetm’s notice is given.

2025 Deferred income includes all fees taised prior to the yeat end (including those relating to the next academic year) due to the change in VAT treatment on fees.

CREDITORS: amounts falling due within one yeat (continued)

	Summatyofmovements in fees inadvanceanddeferredincome	Summatyofmovements in fees inadvanceanddeferredincome		Group	Charity
				£	£
	Balance as at 01 September 2024 Amounts tcleased			6,923,311 (6,923,311)	5,160,477 (5,160,477)
	Amounts deferred in the current year			9,927,565	6,923,311
	Balance as at 31 August 2025			9,927,565	6,923,311
14.	CREDITORS: amounts falling due after oneyear	Group 2025 £	Charity 2025 £	Group 2024 £	Charity 2024 £
	Pension Liability Fees in advance— multi-year scheme	2,878,659 2,028,197	2,878,659 2,028,197	1,209,570 3,859,296	1,209,570 3,859,296
		4,906,856	4,906,856	5,068,866	5,068,866

The Pension Trust liabilities are repayable in the following years:

	2025	2024
	£	&
Within one year Within one to two years Within two to five years In more than five years	427,241 411,016 1,191,559 1,276,084	193,000 186,176 540,346 483,048
	3,305,900	1,402,570

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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15. ALLOCATION OF THE GROUP’S NET ASSETS

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Net|current| |Fixed|Fixed|Asset|Assets/|Long|term|Fund| |Assets|Investments|(Liabilities)|Liabilities|Balances| |£|£|£|£|£| |Unrestricted|funds|22,854,406|2,533,788|692,138|(4,906,856)|21,173,476| |Restricted|funds|-|270,974|-|270,974| |Endowment|funds|-|1,688,273|-|-|1,688,273| |Charity funds|22,854,406|4,222,061|963,112|(4,906,856)|23,132,723| |Subsidiaries’|reserves|-|(4)|2,503|-|2,499| |Group funds|22,854,406|4,222,057|965,615|(4,906,856)|23,135,222|

----- End of picture text -----

The land and buildings forming the Dauntsey’s School estate is a mixture of endowed land and buildings identified in the Charity Commission scheme dated 2006 and dating back to 1893, and other land and buildings acquired by the school from unrestticted surpluses and loan finance ovet the years.

The school has developed various buildings on the site, and this has tesulted in new builds and extensions spanning both the endowed and unrestricted portions of the estate. As the Governors would not foresee a position where any of the propetties on the main school site would be sold, any allocation between unrestricted and endowed property is meaningless in the overall strategy of the school. As an approximation, the land and buildings currently occupying the original endowed site are circa 45% of[land][and][buildings][£22,278,441][as][disclosed][in][note][9.]

ALLOCATION OF THE GROUP’S NET ASSETS COMPARISON 31 AUGUST 2024

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Net|cutrent| |Fixed|Assets/|Long|term|Fund| |Assets|Investments|(Liabilities)|Liabilities|Balances| |£|£|£|£|£| |Unrestricted|funds|22,920,394|1,544,832|2,651,046|(5,068,866)|22,047,406| |Restricted|funds|-|126,275|-|126,275| |Endowment|funds|-|1,653,272|-|-|1,653,272| |Charity|funds|22,920,394|3,198,104|2,777,321|(5,068,866)|23,826,953| |Subsidiaries’|reserves|-|(4)|2,503|-|2,499| |Group|funds|22,920,394|3,198,100|2,779,824|(5,068,866)|23,829,452|

----- End of picture text -----

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025
i
16.	MOVEMENT OF FUNDS
		Balance as			Investment	Balance at
		at 01 Sep	Income	Expenditure	Gains/(Losses)	31August
		2024			and Transfers	2025
		£	£	£	£	£
	Unrestricted funds	22,047,406	24,197,135	(24,599,332)	(471,733)	21,173,476
	Restricted funds:
	- school bursaries	-	-	(460,791)	460,791	-
	- teaching - charitable trust	126,275	25,000 214,504	(25,000) (69,805)	-	270,974
	Expendable endowment funds Permanent endowment fund	1,070,348 582,924	33,459 26,732	(21,510) -	(3,680) -	1,078,617 609,656
	Charity funds	23,826,953	24,496,830	(25,176,438)	(14,622)	23,132,723
	Unrestricted funds	22,049,905	24,197,135	(24,599,332)	(471,733)	21,175,975
	Restticted funds:
	- school bursaries	-	-	(460,791)	460,791	-
	- teaching - charitable trust	126,275	25,000 214,504	(25,000) (69,805)	-	- 270,974
	Expendable endowment funds Permanent endowment fund	1,070,348 582,924	33,459 26,732	(21,510) -	(3,680) -	1,078,617 609,656
	Groupfunds	23,829,452	24,496,830	(25,176,438)	(14,622)	23,135,222

DESIGNATED FUNDS

The school does not currently have any designated funds

RESTRICTED FUNDS

Restricted funds comprise monies received for capital projects and other specific purposes. Once the purpose for which the monies were received has been met, and on the basis that there were no further restrictions that continue to apply, the funds ate transferred to unrestricted funds.

‘PERMANENT ENDOWMENT FUNDS

The permanent endowment fund represents monies received for the award of bursaries from funds transferred from the Dauntsey’s School Charitable Trust and donations during the year.

Transfers between funds £460,791 was transferred from unrestricted to restricted funds. This comprised the minimum 2% of net fee income requited to provide bursarics, an objective in the school’s governing document.

EXPENDABLE ENDOWMENT FUNDS

Endowment funds represent monies received for the award of bursarics and prizes.

DAUNTSEYX'S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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16. MOVEMENT OF FUNDS (continued)

	Balance as				Balance at 31
	at 1 Sept 2024	Income	Expenditure	Investment Gains	August 2025
	£	£	£	£	£
Bursaries
Hemens BursaryFund Foundation BursaryFund Old Dauntseians’ BursaryFund	336,120 375,624 265,054	9,674 11,318 7,831	(7,635) (3,461) (5,777)	(11,102) (11,592) 22,341	327,057 371,889 289,449
Prize funds
Gordon Saundets Memorial Bagnall BobbyNelson Old Dauntseians	11,667 14,767 10,607 12,281	322 407 293 339	(322) (407) (293) (339)	(415) (526) (377) (437)	11,252 14,241 10,230 11,844
Other Prize Funds	44,228	1,220	(1,220)	(1,572)	42,655
Total	1,070,348	31,404	(19,455)	(3,680)	1,078,617
Permanentendowmentfund	582,924	26,732	-	-	609,656

During the year, the investments held in the Old Dauntseians’ Bursary Fund were moved so that all the school’s endowment funds ate now held under the same investment management company.

No individual prize fund included in ‘Other Prize Funds’ is above £10,000.

‘Other Prize Funds” is comprised of the following individual funds: Physics, Salter, Barron, Marsden, Newsom, Sidney Gilliat, Hemens Hockcy, Sound Citizen, John Gosling, Pettinger, Matti Pidduck, Hugo Halkes, John Abnett, Stanton, Anna Roberts and Tim Hall prize funds.

The details for the individual funds are available ftom the School on request.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

16. MOVEMENT OF FUNDS (continued)

MOVEMENT OF FUNDS COMPARISON 31 AUGUST 2024

	Balance as	Income	Expenditure	Investment	Balance at
	at 01 Sep	£	£	Gains/(Losses)	31August
	2023			and Transfers	2024
	£			£	£
Unrestricted funds	21,375,416	23,680,825	(22,458,624)	(550,211)	22,047,406
Restricted funds:
- school bursaries	-	-	(464,038)	464,038	-
- other bursaries	-	-	-	-	-
- teaching		50,000	(50,000)
- charitable trust	286,619	35,170	(195,514)	-	126,275
Expendable endowment funds Permanent endowment fund	738,470 553,940	55,002 28,984	(25,872) -	302,748 -	1,070,348 582,924
Charity funds	22,954,445	23,849,981	(23,194,048)	216,575	23,826,953
Unrestricted funds	21,377,915	23,680,825	(22,458,624)	(550,211)	22,049,905
Restricted funds:
- school bursaries	-	-	(464,038)	464,038	-
- other bursaries	-	-	-	-	-
- teaching - charitable trust	286,619	50,000 35,170	(50,000) (195,514)	-	126,275
Expendable endowment funds Permanent endowment fund	738,470 553,940	55,002 28,984	(25,872) -	302,748 -	1,070,348 582,924
Groupfunds	22,956,944	23,849,981	(23,194,048)	216,575	23,829,452

Transfers between funds

£704,038 was transferred from untestticted to restricted funds. This comprised £456,579, the minimum 2% of net fee income required to provide bursaties, an objective in the school’s governing document, £7,459 applied at the discretion of the trustees to augment this objective and £240,000 of the Old Dauntscians’ Bursary Fund.

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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16. MOVEMENT OF FUNDS (continued) EXPENDABLE ENDOWMENT FUNDS COMPARISON 31 AUGUST 2024

Endowment funds represent monies received for the award of bursaries and prizes.

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Balance|as|Balance|at|31| |at|01|Sept|Income|Expenditure|Investment|August| |2023|Gains|2024| |£|£|£|£|£| |Bursaries| |Hemens|Bursary Fund|310,949|9,479|(7,548)|23,240|336,120| |Foundation|Bursary Fund|343,759|11,020|(3,420)|24,265|375,624| |Old|Dauntseians’|Bursary Fund|-|269,043|(12,444)|8,455|265,054| |Prize|funds| |Gordon|Saundets|Memorial|10,798|314|(314)|869|11,667| |Bagnall|13,667|398|(398)|1,100|14,767| |Bobby Nelson|9,817|286|(286)|790|10,607| |Old|Dauntseians|11,366|331|(331)|915|12,281| |Other|Prize|Funds|38,114|4,131|(1,131)|3114|44,228| |Total|738,470|295,002|(25,872)|62,748|1,070,348| |Permanent|endowment|fund|553,940|28,984|-|-|582,924| |No|individual|prize|fund|included|in|‘Other|Prize|Funds’|is|above|£10,000.| |‘Other|Prize|Funds”|is|comprised|of the|following|individual|funds:|Physics,|Salter,|Barron,|Marsden, Newsom,| |Sidney|Gilliat, Hemens|Hockey,|Sound|Citizen,|John|Gosling,|Pettinger,|Matti Pidduck,|Hugo|Halkes,|John|Abnett,| |Stanton,|Anna|Roberts|and|Tim|Hall|prize|funds.| |The|details|for|the|individual|funds|are|available|from|the|School|on|request.| |17.|FINANCIAL|COMMITMENTS|2025|2024| |£|£| |Operating|leases|payable:| |Within|one|year|254,440|251,948| |In|the|second|to|fifth|years|342,174|245,747| |More|than|five|years|-|-| |Capital|expenditure|contracted|for but not provided|in|the|financial|statements:|15,200|-| |These|amounts|are|inclusive|of VAT where|applicable.|

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DAUNTSEY'S SCHUOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025	FINANCIAL STATEMENTS FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 August 2025
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18.	FINANCIALINSTRUMENTS	Group	Charity	Group	Charity
		2025	2025	2024	2024
		£	£	£	£
	Financial assets measured at amortised cost (a)	5,031,066	5,227,510	383,975	615,233
	Financial assets measuted at fair value (b)	4,937,348	4,937,352	3,198,100	3,198,100
	Financial assets in cash	8,806,143	8,589,374	12,084,204	11,837,683
	Financialliabilitiesmeasuredatamortisedcost(c)	(14,741,527)	(14,723,705)	(13,449,677)	(13,436,917)

(a) Financial assets include fee debtors, extras billed for Summer Term, other debtors, accrued income and amounts due from subsidiary.

(b) Financial assets held at fair value included assets held as investments (c) Financial liabilities include bank loan, deposits, fees in advance, trade creditors, and other creditors.

RELATED PARTIES

There are membets of the senior leadership team who ate associated with the school by having children who are pupils at the school.

TRANSFER AND UNITING ORDER

On 1 September 2007, in accordance with the provisions and under the authority of a Charity Commission scheme dated 29 August 2006 (“the Scheme”), the assets and liabilities and operations of Dauntsey School Foundation (charity registration number 309480; “the old charity”) were transferred to Dauntsey’s School (charity number 1115638; “the new incorporated charity”), except for those assets identified in the Scheme. The Scheme also included a uniting direction, providing for the old charity and its subsidiaries to be treated as forming a part of the new incorporated company for the purposes of registration and accounting. Accordingly, these financial statements have been prepared on the basis that the old charity and new incorporated charity are combined for reporting purposes.

2025-08-31-accounts

DAUNTSEY’S SCHOOL

FINANCIAL STATEMENTS

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OFFICERS & SENIOR STAFF

GOVERNORS

Introduction

Reference and Administrative Information

Governing Document

Governing Body

Recruitment and Training of Governors

Organisation and Management

Group Structure and Relationships

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CHARITABLE OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES

Charitable Objects

Location

Objectives for 2024-25

Grant Making Policy

Volunteers

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Connected and Related Entities

Public Benefit Aims and Intended Impact

STRATEGIC REPORT

Strategic Review and Development Planning

Future Plans

Our Vision

Our Strategic Aims

Academic Excellence with Purpose

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Future-Ready Preparation

Community Partnership and Service

Environmental Stewardship

Sustainable Excellence

ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR

Operational Performance

Academic Life

DAUNTSEY’s SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025 a

Equality, Diversity and Inclusion

Mental Health and Well-Being

Careers, or ‘Futures’ Guidance

Culture

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Sport

Adventure Activities

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School trips

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Community Programmes, Partnerships and Public Benefit

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Environmental Projects & Energy Reporting

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

School charity

Development Office and Fundraising

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

Net Income

Investment Powers

Employment Policy

Reserves Policy

Risk Management

GOVERNORS’ RESPONSIBILITIES

AUDITORS

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

Opinions on other matters prescribed by the Companies Act 2006

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Matters on which we are required to report by exception

Responsibilities of trustees for the financial statements

Auditor’s responsibilities for the audit of the financial statements

9th December 2025

DAUNTSEY’S SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025

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1. ACCOUNTING POLICIES

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ACCOUNTING POLICIES (continued)

€) Tangible Fixed Assets Tangible Fixed Assets are shown at cost. Depreciation is provided at the following annual rates in otder to write off each asset ovet its estimated useful life:

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