2025-08-31-accounts - Breckenbrough School Limited

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Registered Company Number: 06223076 (England and Wales) Registered Charity Number: 1122269

Breckenbrough School Limited

Report of the Trustees and Financial Statements for the Year Ended 31 August 2025

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Breckenbrough School Limited

Contents of the Financial Statements for the Year Ended 31 August 2025

	Page
Report of the Trustees and Strategic Report	1 – 10
Report of the Independent Auditors	11 – 14
Statement of Financial Activities	15
Balance Sheet	16
Statement of cash flows	17
Notes to the Financial Statements	18 – 34

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Breckenbrough School Limited

Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

The Trustees, who are also directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31 August 2025.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Reference and administrative details

Registered Company number	06223076 (England and Wales)
Registered Charity number	1122269
Registered office	Sandhutton
	Breckenbrough
	Thirsk
	YO7 4EN
Trustees
	John Margham	Resigned as Chair 12.02.2026
	Digby Swift	Deputy Chair
	Lynne Ward	Appointed Chair 12.02.2026
	Janet Connelly	Resigned 21.5.2025
Key Management Personnel
	Head Teacher	Simon Bannister
	Deputy Head Teacher	Matt Halifax
	Head of Social Education	Stuart Edwards
	Bursar	Sue Jones
Auditors	Saffery LLP
	10 Wellington Place
	Leeds
	LS1 4AP
Solicitors	North Yorkshire Council
	County Hall
	Northallerton
	DL7 8AD

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Breckenbrough School Limited

Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

Reference and administrative details	(continued)
Bankers	Barclays Bank plc
	25 St James Street
	Harrogate
	HG1 1ZT
Insurers	Howden Group
	1 Creechurch Place
	London
	EC3A 5AF
Co-opted Members	Carl Wright
	Daniel Hunter
	Hannah Pomroy	Appointed 01.01.2025
Staff Representative Governors	Lynette I’Anson
Head Teacher	Simon Bannister
Governor appointed by North	Nigel Knapton
Yorkshire Council
Parent Governors
	Vanessa Walker	Appointed 01.01.2025
	Rebecca Jackson	Appointed 01.01.2025

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Breckenbrough School Limited

Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

Our vision is to improve the Quality of Life for all students.

Aims, Objectives and Activities

Aims

Breckenbrough School provides education and care for boys from 9 to 19 years of age. Each student at the school has an Education Health and Care Plan created by his funding Local Authority (LA) that identifies him as having complex needs such as Autism, ADHD, PDA etc. Authorities from many parts of the UK place students at Breckenbrough. We work with LAs across the whole of England including London and the west coast along with all those LAs that share a boundary with North Yorkshire.

Objectives

We review our aspirations and school improvement objectives, along with the student outcomes on a termly basis. These are achieved with the immense amounts of work completed by the staff team. The Governors focus on the strategic goals and the overall school improvement objectives. In individual cases, staff adapt education and care plans for students so that the School always responds as appropriately as it can to an individual student’s specific needs. Done with care, this helps each student to improve on his own "previous best" performances in a range of subjects, social skills and emotional resilience, and to learn to take increasing responsibility for his own learning and development.

Our curriculum is composed of the following key components:

Quality of Life framework
Academic studies
Therapeutic interventions
Social education

The School works with a “one team” approach by integrating academic studies, social education, therapeutic interventions, which are all underpinned by the Quality of Life framework to meet specific individual needs. Each element plays a vital role in supporting our students to become healthy and happy adults.

Activities

Like our students, Breckenbrough is unique; offering a bespoke, special school approach in the delivery of our holistic curriculum. We pride ourselves in being a ‘specialist’ school, providing a nurturing, supportive and low stress environment to help our students learn to manage their anxiety levels and specific needs to make holistic progress towards their individual outcomes.

Our vision is to improve the Quality of Life for all our students in becoming healthy, happy and successful adults.

In order to improve the quality of our student’s lives, we aim to support our students to achieve two key goals during their time here:

To be themselves, aspire and be successful.
To develop strategies and coping mechanisms to move towards a level of self-actualisation in order to thrive in the neurotypical world.

Following the model of Maslow’s Hierarchy of Need, every student arrives at Breckenbrough seeking a safe, nurturing environment where they can be accepted and learn. Due to their adverse experiences in prior settings, our first goal is to reduce anxiety levels and for every student to feel safe and secure in the School environment. It is unreasonable to expect any progress until this has been achieved, especially with their

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Breckenbrough School Limited

Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

academic studies. Every student progresses through the School seeking to achieve what Maslow terms as self-actualisation, which is essential in achieving the second key goal. As a student progresses upwards through the levels of Maslow, there is a parallel increase in engagement, learning and progress. In order to achieve this, high staff to student ratios are required with class sizes of no more than five students.

Our students are well supported by our experienced and committed team of staff. Each student works alongside a core group of professionals, which includes a keyworker, whose responsibility it is to ensure that the students’ needs are met, their development is planned and monitored, and their outcomes are celebrated and communicated with parents and professionals. The keyworker is crucial in providing the link between the student in school and the student’s home and family life. We have a therapeutic team on site which includes a full-time psychologist and occupational therapist along with part-time speech and language therapists. The coordination of work between the school team, our families and any external professionals is crucial in supporting the students in working towards achieving the two key goals during their time at Breckenbrough.

Breckenbrough School’s academic programme provides education to GCSE and A level standard. Some of the education provision is offered through third party providers with our staff in support, which helps in the transition to independent living and higher education studies. The School also gives great attention to the students’ physical, mental and spiritual welfare and helps students to develop positive relationships with peers and adults. The after-care provision, through Beyond Breckenbrough (rarely found elsewhere), continues to provide practical assistance to old scholars, as well as help with career guidance and further development of life skills.

The School had an average number of 75 (2024 70) students on roll during the year.

Public Benefit

The Trustees have had due regard to guidance published by the Charity Commission on public benefit. The students' achievements are part of the benefit, in that we help to create and develop mature citizens. We regularly offer the School for Summer school hire. We work with a charity called Campus Holidays who offer fully funded holidays to under-privileged children and those from deprived backgrounds. This is a very successful opportunity for both the School and Campus and benefits circa 90 children to enjoy a holiday they would not normally have the opportunity to access.

Achievements and Performance

The School has a long record of successfully changing the lives and behaviour of its scholars. Before coming to the School, a young person will frequently have been the cause of deep concern to parents and educators alike, and in numerous cases has been a "hard to place" student. Parents frequently tell us of the positive change in attitude displayed by their son after arriving at Breckenbrough, within months or even weeks. These kinds of dramatic changes in attitude have continued during the period of this report. We have published case studies on our students’ experiences on our website. These can be found at Case Studies - Breckenbrough School (https://www.breckenbrough.org.uk/life/life-at-breckenbrough/welcome/casestudies/).

We achieved a good grading in our residential social care inspection in February 2025. The last academic inspection of the School took place in April/May 2024, in which we attained good in all areas.

‘What is it like to attend this school?

Breckenbrough School is a calm and nurturing place. Students benefit from warm relationships and an ethos of positively resolving conflict. This helps them to regulate and improve their behaviour. Students’ experience is significantly enhanced by their personal keyworker. Students trust and respect this adult who supports

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Breckenbrough School Limited

Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

them. They are safe and happy in their school. Over time, students make strong progress in their social skills. Older students mentor younger students. Students from all age groups enjoy playing sport together at lunchtime.

Students enjoy an increasingly effective academic curriculum. They are proud to share their work and achievements. In the sixth form, students are confident learners. Several go on to achieve places at prestigious universities. With guidance, students set personal goals. This helps staff match learning and care to students’ unique and varied interests.

Personal development is at the heart of the School’s work. Students are carefully encouraged to become increasingly independent and adventurous. They flourish in an exceptional outdoor education curriculum. In these weekly sessions, they experience caving, climbing, canoeing and more. Students develop important character traits. These include teamwork and confidence. They use these transferable skills to overcome other challenges in their lives.

Of the students who graduated from the School in Summer 2025, all made the successful transition to higher education, further education, supported internships and apprenticeships. This is the eighth year in succession where students had 100% successful transitions.

The School continues to develop and diversify the curriculum in order to provide a platform for every student to achieve, irrespective of their starting point and identified career path.

Financial Review

Finance is always a major consideration of the Board. Financial performance is monitored and assessed carefully. This year has returned to be in line with our expectations financially, as you will see from the pages to follow, with our surplus being £322,847 (2024: £25,562 deficit). Our income is almost entirely dependent on the number of students on roll. The School has continued to benefit financially from grants issued by DFE relating to capital and maintenance of our building, this amounted to £79k. In budgeting we do not assume the continuation of these grants, but these funds are always welcome and go towards the capital investment in the fabric of the school property.

The Hub continues to have huge benefits for all the students that access our therapeutic team as part of our holistic curriculum. The therapeutic sessions are integrated into the students’ daily timetable, so the benefits can promote engagement in their academic learning. Outdoor Education equipment is now more readily accessible which aids for swifter and more orderly preparation before each of the daily sessions. Work continues towards being nationally accredited under the Adventure Mark for the delivery of our outdoor educational program.

In the Summer term of 2025, we took the lease on our alternative provision site, named Breckenbrough Woodland Centre. In the Spring of 2025, we appointed a Centre Coordinator and started the process of preparing the site to be accessed by our students from September 2025. The vision for the centre is to offer and deliver alternative provision to not just our own cohort, but to non-Breckenbrough students, who would benefit from ethos, values and approach. We expect the Woodland Centre to run at a deficit in 2025/26 as we continue to finalise the environment and curriculum to be able to market and enrol non-Breckenbrough students on programmes in Summer 2026. During 2025 a 25 year lease was signed for the Woodland Centre at a cost of £60,000 per annum.

As at the year ended 31 August 2025 the Trustees have designated £574k, of which £74k has been set aside to support the development of the Woodland Centre and £500k will be directed towards the repair and upgrade of the roof and fabric of the School building.

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Breckenbrough School Limited

Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

Our policy is to invest when we can in funds and investments on a basis approved by the Charity Commissioners and that remain ethical. We allow for regular strategic planning. Due to the nature of their needs, the number of students starting and leaving the School each year varies, often at irregular points throughout the year. Our parent liaison continues to ensure that LAs and potential parents and their support groups, are kept well aware of our existence and of the benefits we offer, so that referrals can be communicated through parental preference. This can be evidenced as successful due to the length of the waiting list for new student places. We continue to resist requests from Local Authorities to reduce our fees, pointing out to them that we do not make annual fee increases on current placements. However, modest annual increases in fee levels are necessary, but these are now only applied once a year to new placements. In increasing our fees this way, it allows LAs to budget for the life of a placement for each individual student. We remain keen to give LAs value for money and positive outcomes which means retaining practices that we know work for our students and thereby benefit their outcomes and in turn the placing Authorities. High staff-to-student ratios continue to be necessary for our provision to be successful and remain one of the major differences between Breckenbrough and other schools.

In applying the requirement under FRS102, a liability has been recognised for the agreed future deficit payments on the pension scheme with Pensions Trust. The pension deficit recognised at the year-end was £17,149 (2024: £4,277).

Structure, Governance and Management

Legal status

Breckenbrough School Limited was formed on 23 April 2007 and commenced trading on 1 September 2008. The School is a corporate registered Charity (number 1122269). The Company is governed by its Memorandum and Articles of Association, as amended by special resolutions dated 21 November 2007, 1 October 2008 and 12 February 2026.

Recruitment and appointment of Governors

Possible new Board members are approached informally, given information about the work of the Board, meet the Chair and Head Teacher to discuss their involvement, tour the School and, in most instances, attend Board or Committee meetings to learn about the business. Our practice is to issue newcomers with information regarding the Charity's policies, constitution, meeting procedures, and an indication of their possible duties. Following appointment, new Board members receive an induction which covers the responsibilities in governance and safeguarding. During the year, the Board arranges regular in-house training sessions aimed at improving Board members’ knowledge of the School and understanding of their roles. Where needed (e.g. in relation to Safeguarding, OFSTED inspection preparation) specific information and/or training sessions are 'bought in' or attended outside school.

Organisational structure

In the year ended 31 August 2025 the Governing Body included two Trustees who were members of the Religious Society of Friends (Quakers) appointed by 'Quakers in Yorkshire', the body representing the Religious Society of Friends in the area. The Trustees served as Directors of the Company. The conduct of the School was under the direction of the Board in accordance with the purposes, character and ethos of the School as determined by the Trustees. There were nine other members of the Board, one appointed by North Yorkshire Council, two being parents of students who are in the School identified by the Head in consultation with parents and elected by the parents, and two co-opted by the Board. In making decisions on all matters, successful efforts were made to achieve unity on the Board after the Quaker manner.

Appointments to the Board are for a period of four years, and there is an option to appoint for a second tenure period.

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Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

Breckenbrough School Limited

Committees

There are two Committees reporting to the Board - an Education Committee, which covers all areas identified in our curriculum policy, along with safeguarding; and a Resources Committee that has finance, marketing, personnel and premises within its remit. Individual Governors take specific responsibilities for Health and Safety, Safeguarding and Child Protection, Careers, Teaching and Learning, SEN and Residential. This year we are introducing a new link for Governors to oversee Quality of Life. There is also a Strategy and Development Committee (made up of the full Board Chair, the Education Chair, the Resources Chair and members of the School Senior Leadership Team). All committees meet at least three times a year, following the same cycle each term leading up to the Full Governing Board meeting.

During the year the Charity paid £634 for a Management Liability policy which includes Trustee Indemnity Insurance.

Key management personnel remuneration

The Trustees consider the board of Trustees, Headteacher and the Senior Leadership Team as comprising the key management personnel of the Charity, in charge of directing and controlling the Charity and running and operating the Charity on a day-to-day basis. All Trustees give of their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in note 9 to the accounts.

Trustees and key personnel are required to disclose all relevant interests and register them with the Bursar and, in accordance with the Trust’s policy, withdraw from decisions where a conflict of interest arises. Neither the Trust nor any of the Trustees have interests with other independent special schools but any such interests would be disclosed.

The pay of the Headteacher is reviewed annually and normally increased in accordance with average sector earnings. In view of the nature of the Charity, the remuneration is bench-marked with similar establishments of a similar size and activity to ensure that the remuneration set is fair, and not out of line with that generally paid for similar roles.

Pay policy for senior staff

The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the Charity, the Trustees benchmark against pay levels in other special schools of a similar size run on a charitable basis. The remuneration benchmark is the mid-point of the range paid for similar roles adjusted for a weighting of up to 30% for any additional responsibilities.

Reserves policy

Wherever possible the Trustees try to build resilience within the balance sheet and the Charity’s aims are to increase reserves wherever possible to manage increases to salaries and pensions that are outside of the School’s control.

The level of total funds at the year-end were £4,402,805 (2024: £4,080,110). The Trustees report that the level of unrestricted reserves less unrestricted fixed assets and investments as detailed in note 18, has increased from £1,231,707 in 2024 to £1,737,976 in 2025.

The Charity still aims to increase cash reserves through prudent management of overall expenditure, to enable a free cash reserve fund to be available to add to the stability of the School. The target level of reserves is based on 6 months of operating expenditure, which is approximately £2,000,000.

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Breckenbrough School Limited

Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

In assessing the ability of the School to continue as a going concern the Trustees are mindful of the future commitments and cash is monitored day to day and longer term. The Trustees are of the view that the Charity is a going concern.

Fundraising

The School co-ordinates low-level fund-raising activities for a range of local and national charities such as Children in Need, Red Nose Day, Save the Children etc. We also undertake fundraising to benefit the School as a whole to support specific projects for new equipment for example. These are either led by the School or its employees. We are not registered with the fundraising regulator or with any professional fundraisers or commercial participators.

Land and buildings

The Trustees are of the opinion that the open market value of the land and buildings is materially in excess of book value. This can be evidenced by our most up to date valuation which was concluded in August 2023. Governors currently request that a valuation is undertaken every three years.

Plans for the future

The Strategy and Development group meet once each term to consider plans to secure the longevity of the School’s future.

Open thinking is encouraged so as all angles can be considered. Senior leaders are active in keeping abreast of changes to Department for Education thinking and published strategy on SEND to feed into our considerations. Current discussions and investigations centre around sustainability and how we can maintain our standing in the sector, whilst larger commercial enterprises continue to grow with the likes of Cambian, Witherslack Group, and Priory either taking over smaller schools or developing additional provision. We must not be blinkered to these potential threats. The SEND Improvement plan by the last government is being mentioned by our new government with a new White Paper anticipated but with no legislative changes made. Senior leaders continue to attend sessions to understand the implications of the changes mentioned in this document and how these could potentially affect Breckenbrough and the wider SEN sector.

It is very evident that these current risks have been considered in the past by our Trustees and that informed planning has stood the Charity in good stead going forward. We need to remain focused and open to change.

Funds held as custodian for others

The Company is the Custodian Trustee of the Breckenbrough School Charitable Trust and also the sole Trustee entrusted to manage the affairs of that charitable Trust which includes the permanent endowment property and investments as indicated in note 11 of these financial statements. The Company has included the freehold land and buildings and investments subject to permanent endowment within its balance sheet.

Statement of Trustees’ responsibilities

The Trustees (who are also directors of Breckenbrough School Limited for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

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Breckenbrough School Limited

Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP (FRS 102);
make judgements and 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; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

there is no relevant audit information of which the charitable company’s auditor is unaware; and
• the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the reparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Strategic Report

Principal risks and uncertainties

The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Governors examine the principal areas of the School's operations, and the major risks faced in each area. All school policies and internal systems are appraised regularly and strengthened, and risks are minimised by the implementation as necessary of revised policies and procedures for the management of all activities including the authorisation of all transactions, projects and procedures. Most of the existing policy documents have been reviewed recently including Child Protection, Safeguarding, Health and Safety, Fire Risk Assessment and Emergency Procedures. The School also reviews its activities to respond to the requirements set by OFSTED.

A relatively new business risk which the School has to manage is linked to which Local Authorities (LA) we work with and in turn provide a large proportion of the School’s overall income. Until recently the School had a reasonably even spread of placements over about 20 LAs, but in the last three years one LA has provided with approximately 50% of the overall student placements. Although this provides the School with an ease of working relationship, it does mean a large proportion of our income is from one source. The management team meet with this LA twice a year to review their SEND strategy to ensure their decisions and future planning would not jeopardise the student numbers placed at Breckenbrough. This LA understands that the School has invested in infrastructure, staffing and new facilities to meet the needs of the students based on the current level of occupancy. The LA understand that they are pivotal in the ongoing budget planning of the School and have offered assurances that if their student numbers were to significantly change due to them creating their own provision, they would work with us in managing the withdrawal of the students and financial impact this would create.

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Report of the Trustees and Strategic Report for the Year Ended 31 August 2025

Breckenbrough School Limited

The Trustees are satisfied the major risks have been established and action taken to mitigate those risks.

Development and wider risks

As a small school that is not part of a large consortium, the Governors main aim is always on financial security as a business, Charity and employer. We are very aware of fragility in a sector that has seen an exponential increase in the number of EHCPs (Educational, health and care plans) issued and the pressure this puts on the LAs that commission the placements. As such, we endeavour to keep fee prices as low as possible without adding financial fragility to the School as a business. The financial pressures on the local authorities across the United Kingdom, mean funding in the future could be in jeopardy and this is a worrisome thought but is outside of our control. We aim to keep abreast of financial plans for local authorities that place the students with us, in an aim to have transparent conversations with them about their strategic plan for SEND in their local area. We also consider the information shared from the Department for Education relating to the SEND sector and how SEND needs can be partially met by inclusion in the mainstream sector and whether this could see a reduction in students that we are introduce to. To add financial assurance in our income, we are currently considering how we can diversify our income streams to generate income from sources other than LAs.

Our statement of principles and practice is to always meet the individual needs of our niche students. Being an autistic specialist school that offers full national curriculum up to GCSE and A level standard, means we are very different to most other autistic providers. All our students are cognitively working at age-expected levels and aspire to go to university, further education, employment and/or apprenticeships. Our behaviour policy is student-centred and based on creating an environment in which their anxieties are lowered so they can access their education. To manage behaviour, we use distraction, diffusion, time, space and understanding. The School is run under a Quaker ethos and this, along with our statement of principles and practice, are key identifiers as to why we are very different to most autistic specialist schools. Our student’s results and transition routes demonstrate that we successfully meet the needs of our students, and the majority go on to have happy, independent and successful lives.

To ensure we are an attractive provider for LAs, the School must maintain a good or higher Ofsted grading. As such, we oversee, monitor and challenge the leadership team to ensure there is visible progress on the Schools five school improvement plans (SIPs). These documents ensure that policies, protocols and practice always moving forward. Practice needs to be informed from global experts on the autistic sector. As a board we ensure we have a visible presence in the School and we plan how our oversight covers all aspects of the provision. We are critical friends in an aim to push the provision and Charity forward for constant improvement.

27 May 2026 Approved by order of the board of Trustees on ………………………………………… and signed on its behalf by:

Lynne Ward Chair

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Breckenbrough School Limited

Independent Auditor’s Report on the Financial Statements to the Trustees of Breckenbrough School Limited

Opinion

We have audited the financial statements of Breckenbrough School Limited for the year ended 31 August 2025 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash flows and notes to the financial statements, including 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 charitable company’s state of affairs as at 31 August 2025 and of its incoming resources and application of resources, including its 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 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 are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our 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 charitable company's ability to continue as a going concern for a period 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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 course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material

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Breckenbrough School Limited

Independent Auditor’s Report on the Financial Statements to the Trustees of Breckenbrough School Limited

misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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:

the information given in the Trustees’ Annual Report which includes the Directors’ Report and the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Trustees’ Annual Report which includes the Directors’ Report and the Strategic Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report and the Strategic Report.

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

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Trustees’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 8, the Trustees (who are also 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 charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that Act.

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Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Independent Auditor’s Report on the Financial Statements to the Trustees of Breckenbrough School Limited

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 material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the charitable company’s financial statements to material misstatement and how fraud might occur, including through discussions with the Trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the charitable company by discussions with Trustees and updating our understanding of the sector in which the charitable company operates.

Laws and regulations of direct significance in the context of the charitable company include The Companies Act 2006, guidance issued by the Charity Commission for England and Wales and guidance issued by the Department for Education.

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the charitable company’s records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the charitable company’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Independent Auditor’s Report on the Financial Statements to the Trustees of Breckenbrough School Limited

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

28 May 2026

…………………………………..

Sally Appleton BA (Hons) FCA (Senior Statutory Auditor) For and on behalf of

Saffery LLP 10 Wellington Place Leeds LS1 4AP

Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Statement of Financial Activities (including income and expenditure account) for the year ended 31 August 2025

2025 Restricted funds Endowment funds Total funds £ £ £ 39,868 - 42,952 840,571 - 5,760,591 - - 3,449 - 2,193 2,193 - - 88,464 880,439 2,193 5,897,649 - - 4,474 840,571 - 5,570,328 840,571 - 5,574,802	2025 Restricted funds Endowment funds Total funds £ £ £ 39,868 - 42,952 840,571 - 5,760,591 - - 3,449 - 2,193 2,193 - - 88,464 880,439 2,193 5,897,649 - - 4,474 840,571 - 5,570,328 840,571 - 5,574,802	2024 Total funds £ 106,742 5,017,287 8,737 3,538 36,976
		5,173,280 403 5,198,439 5,198,842 (25,562) - (6) (25,568) 4,105,678 4,080,110
	5,574,802
2,193 (2,193) - - 133,079 133,079	322,847 - (152) 322,695 4,080,110 4,402,805

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes form part of these financial statements.

Page 15

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Balance Sheet

as at 31 August 2025

Notes Fixed assets Tangible assets 11 Investments 12 Current assets Stocks Debtors 13 Cash at bank and in hand Creditors Amounts falling due within one year 14 Net current assets Total assets less current liabilities Creditors Amounts falling due after more than one year 15 Net assets Funds 17 Unrestricted funds – general Unrestricted funds – designated Restricted funds Endowment funds Total funds The notes form part of these financial statements The financial statements were approved by the Board of Trustees on ……………… were signed on its behalf by: Lynne Ward Chair	2025 £ 2,554,873 50,088 2,604,961 5,552 1,495,220 2,688,985 4,189,757 (2,381,763) 1,807,994 4,412,955 (10,150) 4,402,805 3,635,858 574,000 59,868 133,079 4,402,805 ……………………… 27 May 2026		2024 £ 2,779,027 49,376
			2,828,403 5,626 1,674,630 1,440,785
			3,121,041 (1,869,334)
			1,251,707
			4,080,110 -
			4,080,110
			3,417,031 510,000 20,000 133,079
			4,080,110
		…	……… and

Registered company number 06223076

Page 16

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Statement of cash flows for the year ended 31 August 2025

Notes Cash flows from operating activities Net cash provided by (used in) operating activities 19 Cash flows from investing activities Interest from investments Proceeds on disposal of tangible fixed assets Proceeds from VAT recovery Purchases of property, plant and equipment Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 20 Analysis of changes in net debt Cash Total	At 1 Sept 2024 £ 1,490,161 1,490,161	2025 2024 £ £ 1,450,388 (272,275) 2,193 3,538 19,201 - 66,809 - (289,679) (317,469) (201,476) (313,931) 1,248,912 (586,206) 1,490,161 2,076,367 2,739,073 1,490,161 Cash flows At 31 Aug 2025 £ £ 1,248,912 2,739,073 1,248,912 2,739,073	2025 £ 1,450,388 2,193 19,201 66,809 (289,679) (201,476) 1,248,912 1,490,161 2,739,073	2025 £ 1,450,388 2,193 19,201 66,809 (289,679) (201,476) 1,248,912 1,490,161 2,739,073	2024 £ (272,275) 3,538 - - (317,469) (313,931) (586,206) 2,076,367 1,490,161
				At 31 Aug 2025 £ 2,739,073 2,739,073

The notes form part of these financial statements

Page 17

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Notes to the financial statements (continued) for the year ended 31 August 2025

Breckenbrough School Limited

1. Accounting policies

Accounting convention

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Breckenbrough School Limited meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the Charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably and are stated gross within the Statement of Financial Activities.

Fees receivable consists of charges levied for the provision of services for the year to 31 August 2025 in accordance with the Trust Deed. From 1 January 2025 fees have been subject to VAT. Fees disclosed are net of VAT.

Grants are recognised in the Statement of Financial Activities when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Where the donor has imposed restrictions then the grant is treated as a restricted fund. Grants which are repayable if not utilised within a specific period are deferred until expended.

Legacies are recognised when the entitlement to the legacy is known with certainty, the value of the legacy receipt can be quantified with reasonable certainty and the timing of the receipt is known with reasonable probability.

Incoming resources from endowment funds are unrestricted income.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is included in the SOFA in the cost of the expenditure incurred.

Page 18

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

1. Accounting policies (continued)

Costs of generating funds comprise the costs associated with attracting students, in order to generate income.

Education and training comprise the costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting with the constitutional and statutory requirements of the Charity and include the audit fees and costs linked to the strategic management of the Charity.

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis, e.g. estimated usage.

Tangible fixed assets

Fixed assets are stated at historical cost.

No depreciation is provided on freehold land.

Depreciation is provided on all other tangible fixed assets at rates calculated to write each asset down to its estimated residual value over its expected useful life, as follows:

Freehold properties 2% - Straight line Equipment, fixtures and fittings 20% - Reducing balance (except boilers 4% straight line) Computer equipment 33.3% - Straight line Motor vehicles 25% - Reducing balance

Leased assets are depreciated on a straight line basis over the period of the lease.

Donated assets are capitalised at estimated cost.

Stocks

Stocks are valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The Charity is exempt from corporation tax on its charitable activities.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised costs using the effective interest method.

Page 19

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

1. Accounting policies (continued)

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Designated funds comprise unrestricted funds which have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Endowment funds are restricted funds that represent a donation to the Charity with specific criteria that the Charity must follow.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The Charity contributes to the Teachers' Pension Defined Benefits Scheme at rates set by the Scheme Actuary and advised to the Board by the Scheme Administrator. The scheme is a multi employer pension scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the School. In accordance with FRS 102, therefore, the scheme is accounted for as a defined contribution scheme.

In respect of non-teaching staff, the School contributes to a defined benefit scheme administered by the Pension Trust. The scheme is a multi employer pension scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the School. In accordance with FRS 102, therefore, the scheme is accounted for as a defined contribution scheme.

Contributions to both schemes are charged in the SOFA as they become payable in accordance with the rules of the schemes.

Teaching costs

Supplies of games equipment, books, stationery and sundry materials are written off to the general fund account when the expenditure is incurred.

Page 20

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

2. Comparative SOFA

Unrestricted funds £ Donations and legacies 12,346 Charitable activities 4,227,559 Other trading activities 8,737 Investments - Other 36,976 Total 4,285,618 Raising funds 403 Charitable activities 4,314,315 Total 4,314,718 Net income (29,100) 3. Income from donations and legacies Unrestricted funds Restricted funds £ £ Donations 3,084 - Grants - 39,868 3,084 39,868 4. Income from charitable activities Unrestricted funds Restricted funds £ £ Fees 4,671,506 - Recharges for other costs 147,370 - DFE funding 101,144 840,571 4,920,020 840,571		Restricted funds £ 94,396 789,728 - - - 884,124 - 884,124 884,124 - Endowment funds £ - - - Endowment funds £ - - - -	Endowment funds £ - - - 3,538 -		Total funds 2024 £ 106,742 5,017,287 8,737 3,538 36,976
			3,538 - -		5,173,280 403 5,198,439
			-		5,198,842
			3,538		(25,562)
			2025 £ 3,084 39,868 42,952 2025 £ 4,671,506 147,370 941,715 5,760,591		2024 £ 12,346 94,396
					106,742
					2024 £ 4,089,640 137,919 789,728
					5,017,287

Page 21

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

5. Income from other activities

RHI and FIT income School Trips Computing and cycle to work scheme Other	Unrestricted funds £ 50,091 15,056 13,279 10,038 88,464	Restricted funds £ - - - - -	Endowment funds £ - - - - -	2025 £ 50,091 15,056 13,279 10,038 88,464	2024 £ 26,221 240 9,160 1,355
					36,976

6. Expenditure on charitable activities

		Direct costs Support costs	Direct costs Support costs	Direct costs Support costs	2025	2024
			£	£	£	£
School			4,170,225	840,571	5,010,796	4,676,573
Welfare			27,284	-	27,284	16,363
Premises			532,248	-	532,248	505,503
			4,729,757	840,571	5,570,328	5,198,439
Support costs
				Information	Human
	Management		Finance	technology	resources	Totals
	£		£	£	£	£
School	703,535		25,360	107,482	4,194	840,571
Support costs, included in	the above,	are	as follows:
					2025	2024
					£	£
Wages					318,162	352,641
Social security					33,154	30,795
Pensions					92,751	38,864
Hire of plant and machinery					24,917	55,756
Insurance					102,919	99,565
Postage and stationery					43,308	41,008
Travelling and motor					41,514	52,726
Professional fees					46,308	24,715
Bank charges					502	2,280
Computer licences and IT					107,482	124,834
Recruitment					4,194	16,064
Governance					25,360	37,973
					840,571	877,221

7. Support costs

Page 22

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

8. Net incoming resources

Net resources are stated after charging:

Governors’ travel Auditors' remuneration Auditors' remuneration for non audit work – accounts preparation Depreciation - owned assets Profit on disposal of asset Hire of plant and machinery	2025 £ 518 21,760 3,600 247,584 (1,012) 24,917 297,367	2024 £ 416 18,000 3,500 213,256 - 55,756 290,928

9. Trustees’ remuneration and benefits

The Charity Trustees were not paid or received any other benefits from employment with the Charity in the year (2024: £nil). No Charity Trustee received payment for professional or other services supplied to the Charity (2024: £nil).

Trustees' expenses

The Trustees were reimbursed for expenses during the year to a total of £518 (2024: £416).

10. Staff costs and the cost of key management personnel

The average monthly number of employees during the year was as follows: 2025 £ Wages and salaries 3,351,084 Social security costs 384,500 Other pension costs 579,902 4,315,486 Supply staff costs 748 4,316,234	2024 £ 3,109,910 317,060 434,168
	3,861,138 39,614
	3,900,752

Teaching Domestic Care Administration Counselling	2025 60 10 10 11 1 92	2024 54 10 11 12 1
		88

Page 23

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

10. Staff costs and the cost of key management personnel (continued)

The number of employees included in the above whose emoluments, excluding pension contributions, exceeded £60,000 were as follows:-

exceeded £60,000 were as follows:-
	2025	2024
£60,000 to £70,000	-	1
£70,001 to £80,000	1	2
£80,001 to £90,000	1	-
£90,001 to £100,000	-	-
£100,001 to £110,000	1	-
Over £100,001	1	1

Pension contributions paid into a defined benefit scheme for the four members (2024: four members) of staff earning over £60,000 were £58,490 (2024: £54,635).

The key management personnel of the Charity comprise the board of Trustees, Head Teacher and the senior leadership team. The total employee benefits of the key management personnel of the Trust were £387,087 (2024: £366,524).

Included in staff costs and paid in the year were redundancy and termination payments totalling £Nil (2024 : £33,345 - 1 employee).

Page 24

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

11. Tangible fixed assets

Land and buildings Plant and machinery £ £ 2,472,479 1,720,513 96,397 193,282 - (248,060) - (52,850) - - 2,568,876 1,612,885	Land and buildings Plant and machinery £ £ 2,472,479 1,720,513 96,397 193,282 - (248,060) - (52,850) - - 2,568,876 1,612,885	Totals £ 4,192,992 289,679 (248,060) (52,850) -
		4,181,761
411,187 51,385 - - 462,572 2,106,304 2,061,292	1,002,778 196,199 (34,661) - 1,164,316 448,569 717,735	1,413,965 247,584 (34,661) -
		1,626,888
		2,554,873
		2,779,027

Included in cost or valuation of land and buildings is freehold land of £500 (2024 - £500)

The Company is the Custodian Trustee of the Breckenbrough School Charitable Trust and also the sole Trustee entrusted to manage the affairs of that Charitable Trust which includes the permanent endowment property and investments as indicated in note 17 of these financial statements. Financial Reporting Statement 102 requires that the substance of an entity's transactions is reported in its financial statements.

This requires that the commercial effect of a transaction and any resulting assets, liabilities, or gains and losses are shown and that the accounts do not merely report the legal form of a transaction. Following this, the Company has included the freehold land and buildings, and investments subject to permanent endowment, within its Balance Sheet.

All fixed assets are held for continuing use in the Charity's activities.

The freehold land and buildings were professionally valued on 30 August 2023 on an open market basis at £2,900,000 by Barry Crux & Company Limited, Chartered Surveyors.

Page 25

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

12. Fixed asset investments

By the Trust Deed, the investments are not subject to the limitations of the Trustee Investments Act. The investments represent a bank deposit account within the Endowed Funds (see notes 17 and 18).

13. Debtors: amounts falling due within one year

Trade debtors Other debtors	2025 2024 £ £ 1,002,471 1,451,781 492,749 222,849 1,495,220 1,674,630

14. Creditors: amounts falling due within one year

Trade creditors Taxation and social security Other creditors Pension scheme liability Other creditors comprised: Fees in advance Pension scheme contributions Accruals Deferred Grant Income* Other creditors including VAT	2025 £ 151,758 95,125 2,127,881 6,999 2,381,763 2025 £ 1,639,664 69,787 33,448 153,567 231,415 2,127,881	2024 £ 33,880 68,761 1,762,416 4,277
		1,869,334
		2024 £ 1,521,991 54,034 105,505 78,771 2,115
		1,762,416

Page 26

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued)

for the year ended 31 August 2025

14. Creditors: amounts falling due within one year (continued)

*Deferred income relates to DFE grant income which has been received in advance.

Deferred income at 1 September 2024 Resources deferred in the year Amounts released Deferred income at 31 August 2025	2025 £ 78,771 153,567 (78,771) 153,567	2024 £ - 78,771 -
		78,771

15. Creditors: Amounts falling due after more than one year

Pension	2025 £ 10,150 10,150	2024 £ - -

16. Operating lease commitments

At 31 August 2025 the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025 £ Within one year 86,260 Between one and five years 294,261 Greater than 5 years 1,195,000 1,575,521	2024 £ 34,600 25,692 -
	60,292

During the year, the School signed a 25 year lease of the Woodlands Centre for rent of £60,000 per annum, subject to review every 5 years.

Page 27

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

17. Movement in funds

Comparative Movement in funds At 1.9.23 £ Unrestricted funds General fund 3,442,599 Designated fund 510,000 Capital grant - 3,952,599 Restricted funds DFC Grant - Equipment fund 20,000 DFE funding - 20,000 Endowed funds Foundation capital 84,579 Lone House capital 48,500 133,079 Total funds 4,105,678 At 1.9.24 £ Unrestricted funds General fund 3,417,031 Designated fund 510,000 Capital grant - 3,927,031 Restricted funds Low carbon Fund - Equipment fund 20,000 DFE funding - 20,000 Endowed funds Foundation capital 84,579 Lone House capital 48,500 133,079 Total funds 4,080,110		Incoming resources £ 4,285,618 - - 4,285,618 94,396 - 789,728 884,124 - 3,538 3,538 5,173,280 Incoming resources £ 5,015,017 - - 5,015,017 39,868 - 840,571 880,439 - 2,193 2,193 5,897,649		Resources expended £ (4,231,448) - (83,270) (4,314,718) (94,396) - (789,728) (884,124) - - - (5,198,842) Resources expended £ (4,558,231) (176,000) - (4,734,231) - - (840,571) (840,571) - - - (5,574,802)		Gains, losses and transfers £ (79,738) - 83,270 3,532 - - - - - (3,538) (3,538) (6) Gains, losses and transfers £ (237,959) 240,000 - 2,041 - - - - - (2,193) (2,193) (152)		At 31.8.24 £ 3,417,031 510,000 - At 31.8.25 £ 3,635,858 574,000 - 4,209,858 39,868 20,000 - 59,868 84,579 48,500 133,079 4,402,805




								3,927,031 - 20,000 -
								20,000 84,579 48,500
								133,079 4,080,110

Page 28

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

Capital grant - unrestricted

This is a designated fund which represents a capital grant which was received from the Department for Education and Skills and may be repayable in the event of the closure of the School. This was fully utilised during the year.

DFC Grant

The DFC grant is amounts received for capital funding to be used for improvements to buildings and other facilities, including ICT, or capital repairs and refurbishment. This was fully utilised during the year.

Low carbon heating fund

The Low carbon heating fund includes a Salix grant awarded to part fund the cost of a low carbon heating project including the installation of an air-source heat pump at the School. £688,500 has been awarded towards the project. The balance of the funds awarded and the associated costs of the project are expected to be recognised in 2026.

Equipment fund

The equipment fund includes a brought forward donation of £20,000 to be used on equipment that will benefit students now and in the future.

DFE funding

These monies were received from the Department for Education and support activities of the School and were fully utilised in the year.

Endowed funds

The Foundation capital represents the original endowment to provide for the establishment of the Charity. The Lone House capital represents the replacement under a recoupment order of sums expended following the sale of the property known as Lone House. The amount outstanding at the year end under the order amounted to £48,500, which represents the original value. The investment generated £2,193 of interest during the year which has been transferred to unrestricted funds.

Designated funds

Designated funds at 31 August 2025 comprise of:

£74,000 for the Woodland Centre

£500,000 for works to the fabric of the School.

Page 29

Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

18. Analysis of net assets between funds

Unrestricted funds £ Fixed assets 2,470,294 Investments 1,588 Current assets 4,129,889 Current liabilities (2,381,763) Long term liabilities (10,150) 4,209,858	2025 Restricted funds Endowment funds Total funds £ £ £ - 84,579 2,554,873 - 48,500 50,088 59,868 - 4,189,757 - - (2,381,763) - - (10,150) 59,868 133,079 4,402,805

Prior year analysis of net assets between funds

Unrestricted funds £ Fixed assets 2,694,448 Investments 876 Current assets 3,101,041 Current liabilities (1,869,334) Long term liabilities - 3,927,031	2024 Restricted funds Endowment funds Total funds £ £ £ - 84,579 2,779,027 - 48,500 49,376 20,000 - 3,121,041 - - (1,869,334) - - - 20,000 133,079 4,080,110

19. Reconciliation of net income to net cash flow from operating activities

Net income/(expense) for the reporting period Adjusted for: Depreciation Profit on disposal of fixed assets Investment income Decrease/(Increase) in stocks Decrease/(increase) in debtors relating to operating activities Increase in creditors Pension scheme non-cash movement	2025 £ 322,695 247,584 (1,012) (2,193) 75 360,661 509,706 12,872 1,450,388	2024 £ (25,568) 213,256 - (3,538) (501) (671,625) 225,528 (9,827) (272,275)

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Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

20. Analysis of cash and cash equivalents

Cash in hand Cash held as investment	2025 £ 2,688,985 50,088 2,739,073	2024 £ 1,440,785 49,376 1,490,161

21. Pension commitments

Teachers’ Pension Scheme

Introduction

The Teachers' Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the Teachers’ Pension Scheme Regulations 2014. Membership is automatic for full-time teachers in schools and, from 1 January 2007, automatic for teachers in part-time employment following appointment or a change of contract, although they are able to opt out.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

Valuation of the Teachers’ Pension Scheme

The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every four years. The aim of the review is to ensure scheme costs are recognised and managed appropriately and the review specifies the level of future contributions.

Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2020. The valuation report was published by the Department for Education on 27 October 2023, with the SCAPE rate, set by HM Treasury, applying a notional investment return based on 1.7% above the rate of CPI. The key elements of the valuation and subsequent consultation are:

Employer contribution rates set at 28.68% of pensionable pay (including a 0.08% administration levy). This is an increase of 5% in employer contributions and the cost control result is such that no change to member benefits is needed.
Total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £262,000 million, and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £222,200 million, giving a notional past service deficit of £39,800 million

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Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Breckenbrough School Limited

Notes to the financial statements (continued) for the year ended 31 August 2025

21. Pension commitments (continued)

The result of this valuation was implemented from 1 April 2024. The next valuation result is due to be implemented from 1 April 2028.

The employer’s pension costs paid to TPS in the period amounted to £434,770 (2024: £352,366). At the year end £50,990 (2024: £42,577) was due to the scheme. No amounts were prepaid at either year end.

A copy of the valuation report and supporting documentation is on the Teachers’ Pensions website.

Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The school is unable to identify its share of the underlying assets and liabilities of the plan. Accordingly, the School has taken advantage if the exemption in FRS 102 and has accounted for its contributions to the scheme as if it were a defined contribution scheme. The School has set out above, the information available on the scheme.

The Pensions Trust

The company participates in the scheme, a multi-employer scheme which provides benefits to some 638 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the School to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme.

Therefore it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005.

This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore, the School is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2023. This valuation showed assets of £515m, liabilities of £531m and a deficit of £16m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2025 to 31 March 2028: £2,100,000 per annum (payable monthly)

Unless a concession has been agreed with the Trustee the term to 31 March 2028 applies.

Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows:

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Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Notes to the financial statements (continued) for the year ended 31 August 2025

Breckenbrough School Limited

21. Pension commitments (continued)

Deficit contributions

From 1 April 2022 to 31 January 2025: £3,312,000 per annum (payable monthly)

The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.

Where the scheme is in deficit and where the School has agreed to a deficit funding arrangement the School recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

Present value of provisions

Present value of provisions
	Period Ending	Period Ending	Period Ending
	31 August 2025	31 August 2024	31 August 2023
	(£s)	(£s)	(£s)
Present value of provision	17,149	4,277	14,104

Reconciliation of opening and closing provisions

Period Ending Period Ending	Period Ending Period Ending	Period Ending Period Ending
31 August	2025 31 August	2024
(£s)	(£s)
Provision at start of period	4,277	14,104
Unwinding of the discount factor (interest expense)	36	517
Deficit contribution paid	(7,229)	(10,350)
Remeasurements - impact of any change in assumptions	152	6
Remeasurements - amendments to the contribution schedule	19,913	-
Provision at end of period	17,149	4,277

Income and expenditure impact

	Period Ending	Period Ending	Period Ending	Period Ending
	31 August	2025	31 August	2024
	(£s)		(£s)
Interest expense		36		517
Remeasurements – impact of any change in assumptions		152		6
Remeasurements – amendments to the contribution schedule		19,913		-

*includes defined contribution schemes and future service contributions (i.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes.

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Docusign Envelope ID: 680443D4-81DC-8C24-834C-97CCE26006B5

Notes to the financial statements (continued) for the year ended 31 August 2025

Breckenbrough School Limited

21. Pension commitments (continued)

Assumptions

Assumptions
	31	August 2025	31 August 2024	31 August 2023
	%	per annum	% per annum	% per annum
Rate of discount		4.37	5.13	6.04

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

The assumptions are supplied by the external Actuaries.

22. Capital commitments

At 31 August 2025 £nil (2024: £nil) capital expenditure had been contracted for but not provided for in the balance sheet.

23. Related party disclosures

Some members of the governors/Trustees also served on the Board of the former Charity, known as Beyond Breckenbrough, whose activities included assistance with transition from the School along with the provision of financial and other assistance to old boys of Breckenbrough School, directly or otherwise. During the year salaries and insurance costs of £7,011 (2024: £7,169) were recharged to be recovered from the funds of this former Charity. At the year end the School was owed £28,331 (2024: £21,320) from the funds of this former Charity.

There were no other related party transactions during the current or preceding year.

24. Ultimate controlling party

Due to the diverse nature of the membership of the company, no one member has control over the company.

25. Limited by Guarantee

The company is limited by guarantee so has no share capital. The members have guaranteed to provide an amount of £1 in the event of the winding up of the company.

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