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||**Page**|
|---|---|
|**Reference and Administrative Details of the Company, its Governors and Advisers**|**1-2**|
|**Governors' Report**|**3-13**|
|**Independent Auditors' Report on the Financial Statements**|**14-17**|
|**Statement of Financial Activities**|**18**|
|**Balance Sheet**|**19**|
|**Statement of Cash Flows**|**20**|
|**Notes to the Financial Statements**|**21 -37**|





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|**REFERENCE AN**|**D ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AN**<br>**FOR THE YEAR ENDED 31 AUGUST 2025**|
|---|---|
|**Governors**|MrMiroslawGliniecki, Bishop'sRepresentative&ChairofGovernors|
||MrsAnneNash,ViceChair|
||RevPatrickSherlockSDB, Rector|
||RevMarcoVillaniSDB|
||RevPeterBrealeySDB|
||MrPaulTurrell|
||MrClaytonAlmeida(resigned 23October2024)|
||MrAnthonyGribbon|
||MrMarkChatterton|
||MrsTracyJones|
||MrsPaulaDix (appointed23October2024)|
||MrGerardOwens, Headmaster|
||MrPaulDalgas,Teacher Governor|
||MrStuartBannister(appointed 23October2024)|
||MrMatthew Bunyan(resigned23October2024)|
||DrTobySucharov,Parent Governor(resigned20October2025)|



|**Company registered**||
|---|---|
|**number**|06753037|
|**Charity registered**<br>**number**|1130166|
|**Registered office**|119ReadingRoad|
||Farnborough|
||Hampshire|
||GU146PA|
|**Company secretary**|MrJohnMorgan|
|**Independent auditors**|WelldenTurnbullLimited<br>CharteredAccountants|
||StatutoryAuditors|
||AlbanyHouse|
||ClaremontLane|
||Esher|
||Surrey|
||KT109FQ|
|**Bankers**|SantanderUKPLC|
||2Triton Square|
||Regent'sPlace|
||London|
||NW13AN|
||LloydsBankPLC|
||25GreshamStreet|
||London|
||EC2V7HN|





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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2025|2025|2025|2024|
||£|£|£|£|
|**Income from:**|||||
|Otherincome|13,866|232,760|246,626|171,300|
|Schoolfeesandothercharges|-|9,515,325|9,515,325|9,455,131|
|Investmentincomeandinterestreceivable|-|406,268|406,268|312,966|
|**Total income**|13,866|10,154,353|10,168,219|9,939,397|
|**Expenditure on:**|||||
|Investmentmanagementcosts|-|7,524|7,524|7,058|
|Charitableactivities|14,316|9,781,448|9,795,764|9,280,694|
|**Total expenditure**|14,316|9,788,972|9,803,288|9,287,752|
|**Net (expenditure)/income before net gains**|||||
|**on investments**|(450)|365,381|364,931|651,645|
|Netgainsoninvestments|•|34,087|34,087|94,712|
|**Net movement in funds**|(450)|399,468|399,018|746,357|
|**Reconciliation of funds:**|||||
|Totalfundsbroughtforward|30,679|9,639,480|9,670,159|8,923,802|
|Netmovementinfunds|(450)|399,468|399,018|746,357|
|**Total funds carried forward**|30,229|10,038,948|10,069,177|9,670,159|





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||**BALANCE SHEET**|**BALANCE SHEET**||||
|---|---|---|---|---|---|
||**AS AT 31 **|**AUGUST 2025**||||
||||2025||2024|
||Note||£||£|
|**Fixed assets**||||||
|Tangibleassets|11||4,877,141||4,705,810|
|Investments|12||1,100,306||1,039,884|
||||5,977,447||5,745,694|
|**Current assets**||||||
|Debtors|13|610,099||377,119||
|Cashatbankandinhand||6,388,684||7,484,583||
|||6,998,783||7,861,702||
|**Current liabilities**||||||
|Creditors:amountsfalling duewithinone<br>year|14|(2,164,145)||(2,793,514)||
|**Net current assets**|||4,834,638||5,068.188|
|**Total assets less current liabilities**|||10,812,085||10,813,882|
|Creditors:amountsfallingdue aftermore<br>thanoneyear|15||(742,908)||(1,143.723)|
|**Total net assets**|||10,069,177||9,670.159|
|**Charity funds**<br>Restrictedfunds|||30,229||30,679|
|Unrestrictedfunds|||10,038,948||9,639,480|
|**Total funds**|||10,069,177||9,670,159|






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|||2025|2024|
|---|---|---|---|
||Note|£|£|
|**Cash flows from operating activities**||||
|Netcashusedinoperatingactivities|18|(962,790)|3,001,232|
|**Cash flows from investing activities**||||
|Interestincome||372,409|312,966|
|Proceedsfromthesaleoftangiblefixedassets||3,000|5,500|
|Purchaseoftangiblefixedassets||(542,377)|(179,787)|
|Dividendsandinterestfrominvestments||33,859|34,305|
|**Net cash (used in)/provided by investing activities**||(133,109)|172,984|
|**Cash flows from financing activities**||||
|**Net cash provided by financing activities**||-|•|
|**Change in cash and cash equivalents in the year**||(1,095,899)|3,174,216|
|Cashandcashequivalentsatthebeginningoftheyear||7,484,583|4,310,367|
|**Cash and cash equivalents at the end of the year**|19|6,388,684|7,484,583|
|Thenotesonpages21to37formpartofthesefinancialstatements||||










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|**School fees receivable**|||
|---|---|---|
||2025|2024|
||£|£|
|Grossfees|8,694,901|8,691,775|
|Less:Totalbursaries,allowancesandscholarships|(641,132)|(655,885)|
|Catering,coaches,examinationandtripincome|1,461,557|1,419,241|
||9,515,326|9,455,131|





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||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|**Miscellaneous income**|**200,164**|**163,577**|
|**PTA donations**|**13,866**|**7,723**|
|**Pre registration VAT**|**32,596**|**-**|
||**246,626**|**171,300**|





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||Restricted|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2025|2025|2025|
||£|£|£|
|Staffcosts-teaching|-|4,811,856|4,811,856|
|Staffcosts-administration|-|677,153|677,153|
|Staffcosts-technicalandmanual|-|326,228|326,228|
|Otherdirectcosts|13,866|527,829|541,695|
|Depreciation|-|371,047|371,047|
|Catering,coaches,examinationandtripexpenditure|450|1,664,796|1,665,246|
|Establishmentandutilities|-|1,241,475|1,241,475|
|Schooladministration|-|147,559|147,559|
|Auditorsremuneration|-|13,505|13,505|
|**Total 2025**|14,316|9,781,448|9.795.764|
|Summarybyfundtype||||
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2024|2024|2024|
||£|£|£|
|Staffcosts-teaching|*|4,394,810|4,394,810|
|Staffcosts-administration|•|620,566|620,566|
|Staffcosts-technicalandmanual|*|338,047|338,047|
|Otherdirectcosts|7,723|519,305|527,028|
|Depreciation|*|342,847|342,847|
|Catering,coaches,examinationandtripexpenditure|750|1,579,594|1,580,344|
|Establishmentandutilities|•|1,304,981|1,304,981|
|Schooladministration|-|154,551|154,551|
|Auditorsremuneration|•|17,520|17,520|
|Total2024|8,473|9,272,221|9,280,694|





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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2025|2025|
||£|£|
|Incomefromlistedinvestments|33,859|33,859|
|Bankinterestreceivable|372,409|372,409|
||406,268|406,268|
||Unrestricted|Total|
||funds|funds|
||2024|2024|
||£|£|
|Incomefromlistedinvestments|34,305|34,305|
|Bankinterestreceivable|278,661|278,661|
||312,966|312,966|
|**Auditors’ remuneration**|||
||2025|2024|
||£|£|
|AuditoftheCompany'sannualfinancialstatements|16,050|17,520|



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|**Staff costs**|||
|---|---|---|
||2025|2024|
||£|£|
|Wagesandsalaries|4,283,504|4,051,694|
|Socialsecuritycosts|498,758|424,328|
|Contributiontodefinedcontributionpension schemes|1,032,975|877,401|
||5,815,237|5,353,423|



|TheaveragenumberofpersonsemployedbytheCo|mpanyduringtheyearwasasfollows:||
|---|---|---|
||2025|2024|
||No.|No.|
|Teachers|66|66|
|Technical&manual|13|13|
|Teachingsupport|5|4|
|Administration|14|15|
||98|98|



||2025|2024|
|---|---|---|
||No.|No.|
|Intheband£60,001-£70,000|8|5|
|Intheband£70,001-£80,000|1|1|
|Intheband£80,001-£90,000|-|1|
|Intheband£90,001-£100,000|1|1|
|Intheband£100,001-£110,000|2|1|
|Intheband£110,001-£120,000|||
|Intheband£120,001-£130,000|-|1|
|Intheband£130,001-£140,000|1||
|**Key management personnel**|||
||2025|2024|
||£|£|
|Totalremunerationpaidtokey managementpersonnel|606,098|549,311|





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||Long-term||||
|---|---|---|---|---|
||leasehold|Plantand|Motor||
||property|machinery|vehicles|Total|
||£|£|£|£|
|**Cost or valuation**|||||
|At1September2024|5,900,670|2,981,520|88,913|8,971,103|
|Additions|335,623|206,754|-|542,377|
|Disposals|-|-|(29,150)|(29,150)|
|At31August2025|6,236,293|3,188,274|59,763|9,484,330|
|**Depreciation**|||||
|At1September2024|1,887,347|2,289,033|88,913|4,265,293|
|Chargefortheyear|180,620|190,427|•|371,047|
|Ondisposals|-|-|(29,150)|(29,150)|
|At31August2025|2,067,967|2,479,460|59,763|4,607,190|
|**Net book value**|||||
|At31August2025|4,168,326|708,814|-|4,877,140|
|At31August2024|4,013,323|692,487|-|4,705,810|





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||**Listed**|
|---|---|
||**investments**|
||**£**|
|**Valuation**||
|**At 1 September 2024**|**1,039,884**|
|**Additions**|**124,537**|
|**Disposals**|**(118,376)**|
|**Revaluations**|**54,261**|
|**At 31 August 2025**|**1,100,306**|



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|**Debtors**|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|**Due after more than one year**|||
|**Trade debtors**|**71,716**|**20,741**|
|**Due within one year**|||
|**Other debtors**|**118,814**|**6,844**|
|**Prepayments and accrued income**|**419,568**|**349,534**|
||**610,098**|**377,119**|





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||2025|2024|
|---|---|---|
||£|£|
|Tradecreditors|359,529|189,006|
|Othercreditors|148,279|205,870|
|Othertaxationandsocialsecurity|120,412|102,179|
|Pensionfundloanpayable|116,969|109,469|
|Accrualsanddeferredincome|46,787|8,706|
|Depositsandschoolfeesreceivedinadvance|1,337,190|2,146,077|
|Netobligationsunderfinanceleaseandhirepurchasecontracts|34,979|32,207|
||2,164,145|2,793,514|



||2025|2024|
|---|---|---|
||£|£|
|Depositsandschoolfeesreceivedinadvance|690,203|1,108,004|
|Netobligationsunderfinanceleaseand hirepurchasecontracts|52,705|35,719|
||742,908|1,143,723|





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||2025|2024|
|---|---|---|
||£|£|
|**Financial assets**|||
|Financialassetsmeasuredatfairvaluethroughincome andexpenditure|6,388,684|7,484,583|
|Financialassetsmeasuredatfairvaluewhich areequitytotheissuer|1,100,306|1,039,884|
|Financialassetsmeasuredatamortisedcost|92,092|27,585|
||7,581,082|8,552,052|
||2025|2024|
||£|£|
|**Financial liabilities**|||
|Financialliabilitiesmeasuredatamortised cost|(494,000)|(265,638)|



## 

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|**Summary of fun**|**ds - current ye**|**ar**|||||
|---|---|---|---|---|---|---|
||Balanceat1|||||Balanceat|
||September<br>2024<br>£|Income<br>£|Expenditure<br>£|Transfers<br>in/out<br>£|Gains/<br>(Losses)<br>£|31August<br>2025<br>£|
|Designated<br>funds|925,000|-|-|25,000||950,000|
|Generalfunds|8,714,480|10,154,353|(9,788,972)|(25,000)|34,087|9,088,948|
|Restrictedfunds|30,679|13,866|(14,316)|-|-|30,229|
||9,670,159|10,168,219|(9,803,288)|-|34,087|10,069,177|





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|**Reconciliation of net movement in funds to net cash flow from ope**|**rating activities**||
|---|---|---|
||2025|2024|
||£|£|
|Netincomefortheyear(asper StatementofFinancialActivities)|399.018|746,357|
|**Adjustments for:**|||
|Depreciationcharges|371,047|342,847|
|(Losses)/gainsoninvestments|(60.422)|(121,959)|
|Dividendsandinterestfrom investments|(33,859)|(34,305)|
|Safeoffixedassets|(3,000)|(5,500)|
|Decrease/(increase)indebtors|(232,981)|24,900|
|lncrease/(decrease)increditors|(1,030,184)|2,361,858|
|Interestincome|(372,409)|(312,966)|
|**Net cashprovided by/(used in) operating activities**|(962,790)|3,001,232|






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||2025|2024|
|---|---|---|
||£|£|
|Notlaterthan1year|392,920|425,546|
|Laterthan1yearandnotlaterthan5years|1,408,352|1,465,506|
|Laterthan5years|6,339,977|6,673,660|
||8,141,249|8,564,712|
|The following lease payments have been recognised as|an expense in the Statement|of Financial|
|Activities:|||
||2025|2024|
||£|£|
|Operatingleaserentals|333,683|412,240|





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