Charity number.. 1145665 Company Number.. 07847467 (Ill I ,S'E 18STOCK PLACE SCHOOL IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, ANNUAL REPORT AND FINANaALSTATEMENTS FOR THE YEAR ENDED 31JULY 2025 IBSTOCK PLACE SCHOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 18sfocK PLACE SCHOOL The Trustees, who are diredors Under comp&ny law and are also know a5 Governors. pr￿ent iheir Annual Report forth&yÈar ended 31July 2025 underthe Ch3ritiesAct 2011. Including the Directors, and Strategic Reports. under the Companies Act 2006. together with the audited financial statements for the year LEGAL ANDADMINisfRATIVE DEfAILS Ibsttrrk Place School (referred to. a5 the sense demènd5. either astheCh3rlty, the School or as IPS) 15 a registered Charity governed by its Memorandum and Articles of AgSCKiation. Its registered number 15 1145565. It is also a Company Litnited by Guarantee registered In En813nd, No. 07847467. Trustees The names ol those wh05erved as Trustees dvring the year were.. Mr S M3rtin (Chairl Mr P Atherton Mrj Corrig3n Miss A Curry Mr M H3rris Mr M Jelley Mrs C Jenkinson Mr S Jovele MrA Mccurley Mrs R Pickthall Mrs N Raines- resigned on 18 March 2025 Mr R Simm BA UA AC4- r￿Igned on 20 March 2025 MrA Simms Mrs O Stowe Head Mr C J Wolsey MA MEd Bursar and CompanySecretary Mr l Hutch150n MBA MIB FCCA Re8l$tered Offl Ibstock Place School Clarence Lane Roehampton London, SWIS SPY www ibstock lac 5chool.c Audltors 3 Londc>n Square Cr055 Lanes Guildford Surrey, GUI IUJ IBSTOCK PLACE SCHOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 Bankers Barclays Bank, Wan(kworth Group PO Boy 3847 London. SWII ITR Legal Advisors Russell Cooke Solicitors Putney Hill London. SW15 6AB STRu￿uRE. GOVERNANCE AND MANAGEMENT Goveming documents The School is governed by its Memor8ndum of Association and Articles of Assoaation which came into being on the demerger of the School from its governing ch2rity and Its establishment as a charify In Its own right. Governin8 Bodv The Governing Body Is self-appointing, wth retirements agreers by mutual ègreement. New members of the Governing 8ody are eletted on the bèsis of nominations from the Governors 3nd the executive officers based L the candidat&, professional qualities, experiÈnce, personal iompetence and lo￿1 avail3bility. Members of the Governing Body atiend external trustee training and inf¢rmation courses designed to keep them informed and updated on current i55ues in the sector and regul3tory requirements. Recruf(ment and tr3inin8 of Governor5 New Governors are inducted into the management of the School, which includes Governin8 Body policy and procedure5. by briefings organised by the Head and Bursar. Where appropriate, new Governors attend specific external courses on the role and resptrnsibiliiies of tharity trustee5. Organisational management The members ol the Governin8 Body, as the charty trustees, are legally respongible for the overall managernent nd control of thÈ School.They meet as a body at leastthree tsmes a year. The work ol Implementing theirpolicies is carried out by comrnittees.. The Finance/General PurposeslAudit Committee strurinises rerfenue, the budget, capital expenditure and staff remuneration. Th15 Committee also supervise$ and flnalises the audiied fin3ncial statements and annual report for approval by the Governing Body. The ComTnittee is ch3ired by the Chairman of Finance and General Purposes. The EducationlAcademic Cornmittee w35 established in Autumn 2022 to review the 3c3demic policy ol the School. The Health and Safety Committee meet5 e3¢h term and reports to the termly Governors. meeting and is chaired by the Bursar and Clerk ro the Governors. The khool'5 policy that all Governi)rs are Involved In academic policy continued taking place at meetings of the whole Govemin8 8ody. IBSTOCK PLACE SCHOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 Risk Management is effected through a ddailed Risk Register thèt is considered by the Governing Body ai their Summer meeting. The day-to-day running of the School is delegated to the He3d and through him to ihe Senior ExecutNe Tearn (Deputy Headg. Bursar, Executive Director of People & Co-curriculum and Executive Director of Adm1$5ions & Pathways) and then to the Senior Management Teatn. The Hea(1 and thÈ Bursar arrend all meetings of the Governing Bodls Committees The remunerètion of the Senior Management 1$ Set by the Rernuneration Committee, a sub-committee of the Finance Committee. with Ihe p￿iC¥ objettive of providing appropri4te Incentives to encourage enhanced performance and of rewarding them fairw and responsibly for iheir contnbution to the School's SUCC￿S. The remuneration policy is reviewed annually, Inclvding referen￿ to comparisons with other Independent schools to ensure that Ihe School rem3in$ sensitive to the broader Issues of pay and employment condition5 elsewhere. The School aims to recruit, subject to the post and experience, at the medivm point within thÈ 5al3ry scale, providing scope for r*Narding excelIÈn￿. Staff cost5 are the largest 51llgle element of our charitable expenditure nd delivery of the School's charitable vision and purpose Is primarily dependenr on the School's Senior Management Te8rn. Employment pollcy TheSchool Is anequal opporiunitie5employer. Full 3ndf31r con51(Jeration Isgiven tojob applicarionsfrom disabl persons and due considèration is given to their trainin8 and employment need5. Consultation with employees, or thÈir representative5. has continued èt all levels with the aim of taking the views of employees intoaccount when (Jecision5 are made that are likely to affett their Interest5. Employee5 are made aware of the financial and economi¢ performante of the School Communiiatlon W1th employees continue5 through norrnal management channels In a varieiy of forms and also through exceptional channels to apprise Staff of current I￿ué$. Periodic briefin85 to members of the School's defined benefit Pension Schetne by outside con5uliènts are arranged. Scheme of Delegati The Trustees have overall responsibility for the rnanagement and adrninistration, including financial 8dmini5tration, of IPS. The Trustees are accountable to external agencie5 including the Charity Commission, the Dep3rtmentfor Education, Independent Schools Inspecrorate and Independent Schools Council. OBIEcfs, AIMS, OBJEcfiwFSAND AcfiviTIES Charitable Objects The Charity's objects I'Object5~1 are the advancement of educ31ion forihe public benefit by.. providine, conducting, 8overnin8, carryin8 on and maintaining a School or sthoo15 for the edutation of pupils not older than the age of nineieen years such education to be guided to the extent considered 3ppropriate by the Trustees-. and providing facilitie5 for the use of the public, including use for-. rneerings, lectures, cla55es-. and other forms of recreation and leisure-time occupètion, with the t>bject ol Improving the condition5 of life forthe local cornmunity. IBSTOCK PLACE SCHOOL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 The aims of 1bstc￿k Place School It aims to challenge #nd inspire its pupils, helping them develop qualities which will lead to successful and fulhlled lives Essential to the School's success Is It5c&educational environment, close link5With parents and the prOv￿￿on Intended Impart Within rts chantable Objects, tho School's intention isto provide the best education of which rt Is c3pablethrO￿h srrong academic tuition and by developing broader 5ki11s that enable every pupil to realise his or her potentia1 to thefull. This Invofves emphasis on the co-curriculum through creative. sportin8, artistic. tÈam buikling and social to contribute to the wider communiLV whilst ai school and in12ter life. Wider alms The School's aimsfor the public benefit are.. to offer all pupils 3 range of opportunities $0 rhat they can èchieve to the best of their abilitywithln a framework of shared values and siandards, and tovalue and nurture pupils as individuals, glvin8 them a sense of thÈir own sell-worth and of thevalue ol service to other5. thus prep3rirt8 them for ￿lfe beyond schoDI. Prlmary oblectfve5 The primary objettives of the school to fulfil these aims are.. to provide 3 5timulatinglearnin£ environment in which pupils develop their academic potential to provide a happy and secure p35tora1 environment sn which pupils can leain to live together and thu5 fosrer a 5en5e of community, co-education, respect for one other and good citizenship,. to provide pupils with the opportunity to take advantage of 3 breadth of co-curricular activities in order to develop positivety all aspects of their character. to provide pupils Wlth the opportunity to lake decisions based on their own judgment and to communicate those decision5 3ppropriately and Èffectively.. to provide financial suppori to ensble children whose p8rent5 are unable to afford the full fee5 to benefit from an Independent edutation," to provide a c1&3r, sirnple and effective management structure c2pable of takin8 timely decisions and allw8tinE Decessary fesources appropriately, and to provide thÈ necessary administrative and logistic framework to meet the neÈds of members of Staff and pupils alike. Strate8lesto achieve the prlmary oblectlves The Governing Body commissioned the consultation of an Estates Master Plan 35 part of the process of reviewing f(5 Strategic objectives for the next 10 to 15 years. This w35 delivered in Autumn rerm 2023. Work Phèse l ol the master plan has continued during thi5 financial year. 18STOCK PLACE SCHOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 The School Iscommitted to community use of itsf3tslities and their avèilèbilityi5 advertised on the School website. The swimming poDI continues to benefit pupils from the School Bnd also those from two local prim8ry schools whose benefit is pro bono. The School doe5 not enga8e third pèrty fundraisers. Prlnclpal actNty The School's principal activity, 35 specified in the Memorandum of A550ciation, Is the advancement of education and, in this, the School has, again. enjoyed a successful year. The School averaged 1.047 pupils12024.. 1.0131 and attendance at open d3ys indicates maintained interest In the School. Public benefit Ibstock Platr SchNI remains committed to the airn of providing public benefit ID accordance with Its foundiDE principles. The Charity Law requirement forthe School to demonstrate public benèfitforcharitable purposes c311s for detailed disc105ures con￿rnIrl8 our aims. The School does not benefit from any foundation, but believes that the awarding of bursaries for the needy is a mea5urablÈ means of providia8 public benefit. The Governing Body takes the view that bursarie5 Bwarded io Ihosewho would not otherwisÈ be &bleto afford the fees Is important, but nottothe exclu510n of the muth wider benefit that the School provid￿ within the community. Those pupi15 who attend IPS and who receNe fin3ncial Support coTrtribute to the school community In a variety of ways. and so thÈ benefit is nol purely to these pupils bLrt to the whtrle School and, in some cases, to the wider community. Thisyear thÈ School awarded bursaries and scholarshipstotalling£l.328kto 162 pupils, 5.1 % of lee Income12024.. El.072k to 125 pupi15. 4.2% of fee Income). Wiihin this figure, means-tested 8ward5 based on a 51idin8 scèle according to financial circumstances tot811ing £996k were awarded to 53 pupils, Includlng 34 for full fees12024.. 59 bursaries totalling £868k, In¢ludinE 25 for full feesl- The Sthwl continuÈs to refine Its means-testlng by interviewing parents ènd d15cussin8 details of their application The awarding of bursarie5 is complex with Many local schools pursuing 51mil8r pupils all of whom are meetin8 Iheir5 and IPS'9 entrance criteria. The competition for these eligible children has a direct impatt on the number of bursaries accepted. In addition to the provision of bursaries, the School ha5 engaged in many other attivities that provide benefit to Ihe tOTnmunity within the School's objectives. The Impatt of the pariner5hip work during 2024-25 Indicates that five or more state schools benefitied from our worl plus 313rge number of other cotntnunity partners. It Is estim4ted that (wer 500 staff hours were dedicated to paitllersh￿p arrangements. a. Throu8h our Sixth Fom communities yogramme Over 70 pupils in our Sixth Form undertook weekly activities for the course of the year. The activities were. sistino with thesport5 clubot TheAlton Primoryschool or with in-cli7SS reodingprojects which operate Gt thesomeschool ParticipGtin9 o reodin9 progromme rLin by MosGlcJew15h PrirnoTy School ond Sheen Mount Primory School Acting os téoching ossistonts to visuolty irnpoired pupils Gt Linden Lodge School tsnd severely disobled childpn ot Poddock School Comrnunitygordening Ot theAltonChildren's Centre Running ttpoetryclubforre5identsot Grosse Woysheltered Housing Supporting chority Rockets Cubed ot their hub, where tley rtsn 0 "50cioI supermtsrket.fvr Roehompton re51(lents struggling with poverty As part of Activities Week 2025, LVI pupils supported an lnter8ener3t1￿al event for ellterly ren3nt5 at Grosse Way Sheltered Housing. A further group led fun spor15 day for Ye3r 4. S ènd 6 pupils at Roehampton Church School, allowing the younger pupils to (Sevelop their skills of teamwork, 18STOCK PLACE SCHOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 sportsmJnship, 3nd perseverance. A final group of LVI took part in community 83rdeninÉ at HolyTrinitv Church. A group of LVI volunt&rs helped run a VE D3y celebration ar Minstead Garden5 Sheltered Housing for the elderly ten8nt5. They served ￿rethrnents, socialised with the tenants. and contnbuted to various Our Imp3ct Society ha5 continued to impart similar value5 at the Vl Outreach programmetoS7-S9 pupils, Including the new Impact Scholars In S7 and $9. The group h3$ Vlslted sheltÈred housing Dn Minstead G3rdens5everal timestotake part in Knit and Natter, as we11 asorgani5inga donation drive in theAutumn Three member5 of rhe School's staff serve as governors in st3te primary schools across London In lune 2025, Year 7 pupils from the 8ramrnar strearn of The Hurlingham Academy visited the School for day of curricular extension adivities led by members of our teaching Staff. Our"Hurlingham Scholarship, lor pupils from The Hurlingham Academy to join our Sixth Form afrer GCSES, has continued and 2 exceptional c3ndidates will enrol at Ibstc£k in September 2025 on full bursaries. The school continues to be a h05t site for Racket5 Cubed 8nd It5 integr3ted sporrs, education 3nd nutrition prD8ramme. Once H ye8r 3 and 4 clagses from The Alton Primary School come after- school for sports activities. combined with academic meDtorin8 The School fullysubsidies theartivitl&s of Coram Beanstalk at Heathmere Primaryschool. where it places adult reading volunteers. In the Autumn of 2024. the School ran its sixth on-site day to assist Sixth Form pupils who are preparing ro apply to univer51ly to read Medicine. Sixth Form pupils from a large number of local state schods attènded the day Major whole-school donètion drives were or8anised through theyearfor Rackets Cubed, GiftTree, LitllÈ VillagÈ, and the UN Refugee Agencrf. Throu8h our pr￿¥s1On In Mu51C Pupi15 from Ibstock and Year 5 pupils from Ioc61 state primary schools experienced profe55ional muslcians perfum classical music whilst narration and INe illusir3tions were happening 3t the same time. Ib5tock pupils in our many choirs have performed many times to cornmunity members. The events this year Indude.. an All soul￿ Day Refleciion and monthly evensong performanc￿ at Hob/ Trinity Church, carolling in the community 3t local care homes, terrnly perfortnances to long ierm patients at Queen Mary's Hospital. and an additional performantr Jt Holy Trinity as part of the Wandsworth Art5 Fringe. We invited pupils from The Alton Primary. Heathmere Primary, SheÈn Mount Primary and mO￿lcje￿1Sh Prirnary Schoo15 for a matinee showing on the lower senior play The WIDd In Thewillows. Refreshments were provided for all guests. For Ibstock Brass Day, we hosted 12 Ib5tock pupils and a similar number of prim3ry School pupils from Heathmere 8nd St Joseph's Primary school. The pupils t￿k p3rt in rehe3r531s and workshops, tulminating In a concert. Th15 event was 5UPPOrted by the Friary Brass Ensemble and ihe Wandsworth Music Hub. L Throu8h ¢xJr prthi5ion in Sports.. Our Head of Hockey has continued our project wth Spencer Lynx Hockey aub, where year 5 pupils frun three locèl primary schools receive high quality hockey coaching. The club is targeted ot children wha wouldn't Usually hèveactess to such coaching. The Alton School and Heathrnere School have acTr5sed our swimming pool for weekly sessions. The University of Roehampton students have acce55 to our sports hall weekly to train for crlcket. d. Through our Ubrary provislon In 2024-25 Ibstock continued to Sponsor the involvement of The Hurlingham Academy In the Trinity Schools Book Award programme. IBSTOCK PLACE SCHOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 Pupils from the Alton School attended author talks wilh Ibstock Writer In Residence M G Leonard and world-renowned climaie change 3criYist Mya-Rose Craig durin8 Bookfest The local br3nch of the RSPB h3$ Vlslted the school Iwice to work with the Pre-Prep children Year S pupils from Mosaic School aitended an author talk with the Prep school as part of a debur book launch. Pupils frc*n Year 7 and 11 thitted 3nd crocheted hats for premature babies at Kingston Hospit31 This academic year the genior school libr?ri3n has been mentoring è trainee librarian at PaddingtDn Academy, providing exchan8e vi511s ènd guidance The senior school librarian is a irustee of the School Library A550Clation ISLAI. a charity that supports school librarie5 around the Ul and 1$ Jlso co-chair of the Great School Libr?rie5 ￿MpaIgn The Senior School raised over £2k forihe UN Refugee Agency thr￿gh the Great House Read e. Thrcugh FIPS, the 5chod's Parent As50ciatlon FIPS, donations programme ha5 shared its annual budget of £6.000 between lil Rackets Cubed, lill Regenerate. Iiiil Shooting Star Hospices FI￿ has had another suctessful year with its Matched Funding Initiative. Thi5 project alloC3t￿ money to promote and support pupil fundraisin8. by promising to match any money raised by pupils up to the value of £5￿. FIP5 MFI allocated nearly all of its £60ffl annual budget acr055 12 projects to a n￿mber STWTEGIC REPORT ACHIEVEMENTS AND PERFORMANCE Examination Result5 in 2025 ALeY Not ￿ast owin8 to the fact that a significant portion of their secondhry educètiffi had been much-d15rupted by the pandemic. the achiÈvernenis of this year's Upper Sixth pupi15 in public examination5 were Imprwsiwe. I6.￿ of entries were groded otA• 53.7%olentrie5 were giodedatA'_A 86% of entries were grG6ed gtA'.8 These results allowed our pup41s to proceed to an impressNe range of universlties,. 85% of universlty applicants proceeded to a Russell Group institution or tothe Universities of Bath and St Andrews. GCSVIIIGCSE Outcomes by oursenior 11 pupils in their IIIGCSE examinations were 8lsovery impressive-taking aside the years of COVID, the best-ever 8chieved.. 53.3% of entries were gr(TdedGt 9- 7 31.7% of entries were groded gt 9 99.8%of entries were uradedot9- 4 Old Ibstonian Association, commonly known è5'Stocks". Membership of our alumni association now rvns toover 687 ex-pupils and staff. In June 2025, the School hosted Its 8nnual Stocks Barbecue on a Saturd8y afternoon. Over 200 lormÈr pupils 3nd members of staff c8me onto campus to renew dd &quaintances and to revita115e th￿r Iinktothe School. Indeed, IBSTOCK PLACE SCHOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 202S through the year. visits to the School by members ol the alumni CLYnmunity were plentiful. Former pupils were especially well-repfesented at our annu31 Careers Fair The 3nnual publication of Yhe Stocks Rwiew" which dedicates Irself to alumni matter5. continue5 and. as our MarkÈting Department continues to develop, we are planning an overhaul of our approach to the mainten3nce of our 31urnni records and of www.stocksconnect.cotn which provides an online hub for our former pupi15 WÈ are also making preliminary 5tep5 towards Ihe creation of a Development Office and we anticipate that, when this happens. the Impèct upon our alumni community will bÈ appreci3ble. Famillesof IP5 IFIPSI Our parents, association, FIPS, has played a prominent role In the 5UStenènce of ourcommunity over the lastyear, providing multiple opportunities for our f3milies to come rogether and enjoy a ￿￿de-ransing pro8r3mme of events. ￿ well as the alwJys-popu13r Festwe and Summer Fair5, both of which attr3tted hundreds of people onto our campus, there h3s been 2 multitude of other special events for our famili￿ to enjoy, includin8 coffee rnornings, quiz evenlngs, tir5t aid classes. second-hand uniform sales and much else besides. The FIPS Committee also prowde5 fulsome support to the School at open events and alike. FIPS has also been very active In terms of its ch3rit3ble activitie5. It has continued to run 3 laudable matched Ivnding scheme which supports mernbers of the pupil community who ae undertaking ch3ritable work moreover. it has given generously, both to local community orgzni53tions and to the various departments ol the school, SD as to boost key aspetts of its educational provision. Financial Review Ibstock P13ce School's net incoming resources for the year, before any unrealisÈd gains and losses, were El,￿1,033(2024.. E3,393,4191. A change In actuarial valuation of the pension scheme surplus in theyear resulted in a gain of £1.650.00012024., £540,000 10551. Due to the impèct of the asset ceiling, a further adjugtment ol £3,235,000 has been m3de to remove the asset value from the balance sheei Thero was 83in in Investment V31uation5 of £71,869 12024.. nil). The over311 net movement in funds was £27.90212024-. £2.853,4191. The incoming re50urce5 are shown after providing a¢ademic 5chol8r5hips and bursories of £1.327,985. Re5eNes Levd and Policy and Financial Mability Ibstock Place School has resep4e5 of E58,893,13135 Èt 31 July 2025. Total Restritted Funds èt 31 July 2025 were £2.867 relating to the B8yIis5 Fund which prurfides ènnual awards ro pupils. Unre5trirted funds of £58,890,264 are used by rheTrustees In accordance with the objects of the Charitv. Governor5 areconcerned by the signilic3nt fluttU8tion5 in the valuation of the school's obligation undpr the loc81 80vernrnent pension schème, the Lofjdon Pension Fund Authority. The actuarial valuation performed In July 2025 included In the accounts show5 a net pension asset of nil12024.' asset, El.705.OMI. oeS￿nated funds h3ve also been created forfuture planned building development of £7,500.0(X), è sust3iDability fund of £2,CQO,000 and a fund lor future bursaries of E305,090. Free reserves, representing unrestricted funds not tied up in fixed assets or designated funds are £6,305.175. Whilst not Quantifying a fixed target level of free reserve, the policy of ihe Governing Body expects that all free reserves will be invested intothe nexr st8Ees of the development plan for the School estate. A comprehensivefinance report forthe scho￿ is presented to each 5cho¢l GNernors' meèting. IBsfocK PLACE SCHOOL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 PRINCIPAL RISKS AND UNCERTAINTIES The Governors consider the econornic turbulence of recent years, includin8 the high rate of Inflètion and the ffordability of fees by parents 8cross the independent seuor to be thÈ principèl risk faceLI by the School combined with 3 diflicult labour markÈt. The Governing Body take5 pupils numbers and the high cost of staff accommodation Into account when considerin8 fee Increases. Health and Safety Is alway5 a 51gnificant 3rea for r15k management. The risk5 range from fire and Infrastructure to personal risks Imost notably when pDpils are away from the campus on trips and Duke of Edinbur8h expeditions). The level and breadth of activity at the School Is Impres51¥e and the risks a550ciated with all activities 3re minimi5ed by thorough planning anLI risk assessments. Detailed consideration of risk 15 updated In the Risk Register and foimally approved by the Governing Body each summer. The risk management process and the resulting Register identifies risks, assessÈs their impact and likelihood and, whero necessary. recommends controls to rTriti8ate ènd monitor those risks that are a$5essed ès high. The generic controls used by the School to minimise risk include.. detailed terms of referente together with formal agendas for Comminee and Board attivity,. strategic developmefit planning, reviewed by the Governing Body,. comprehensive budgeting and management accountint.. established orgèn1$3tional structures and lines of reporting.. • formal written policies in¢ludinE clear authorisation and approval levels., vetting procedures as reouire(S by law for the protection of the vulner8ble. The Governor5 regularly reviewthe efleciNene$5 of current plans and strategies for managine èll identified major risks for the School. Greenhousega5 IGHGI Emisslons and Energy Consumptlon The Schwl has a susiainability charter 3v3ilable from the School website that 5etS Out its commitment to SU5t3inability and its aims across a range ol susrainability targets that ioclude Its energy effioency and carbon emission5. Waste efficiency, Wal2r and resource use and the use of seasonal menus. The school's aim is to reduce lis energy consumption and become carbon net zero ès soon a5 possible. In recent yeèr5 the school has Implemented changes and irnproveTnents to its ener8y efficiency and environmental pract￿eS 3cross It5 campus, including.. a tran51tion tofull LED lighting for over I,8￿ li8hts,' planting over 4(Xl 5aplin£s in the School 8rovnds-, drilling a borehde to create a sustainable water source Jnd improve water quality,. replacing 3 peirol driven irattor with an electric vehicle.. replacing petrol/die5el delivery v3n and 4 x minibuses with electric vehicles,. Infrared heating in Main House and Bursary,. beginning the transition ro a paperle55 working environment., moving to renewable electricltv The School has Cmiinued with the installation of solar power to lower its dependence on nonrfenewable energy sources. The Sthwl work5 to losier awareness of sustainability In tKth pupils through èducational Initiatives 3nd in its staff. This includes encouraeing tyclin8 and svst3inable Iravel and providing complimentary shuttle bus Services to reduce carjourneys. We have worked to increase 5t3ff awèrènÉs5 of energy usage, waste and environmental good practice. WÈ have decidÈd to use the total numbÈr of pupils as the Intensity ratio. The resulting Intensity ratio of tC02e per number of pupils will best reflett changes In our operatitrns 3nd enÈr8y consumption over time. io IBSTOCK PLACE SCHOOL TRUSTEES, ANNUAL REPORT FOR THEYEAR ENDED 31 JULY 2025 We have used the financial control approach as the organi53tional bound3ry The methodology we have used is The GHG Protocol Corporate Accounting and Reporting Standard. We h3ve followed the 2013 UK Government Environmental Rèporting Guidelin￿ (updated March 20191. We have used the most recent 2025 UK Government Conversion Factors lor Comp3ny Reporting. The energy efficiency narrative methodology h8s been created b?sed on energy mana8ement best practi￿. We have measured scope i and 2 emiss￿￿$. We have not sofar Included scope 3 emission5 relating to employee use ol their own vehicleg, where they claim mile3ge allowance. This decision w3s made on the Erounds of materiality.. very few mileage cl8ims were made during the year. We will keep the Inclusion of scope 3 emissions under review lor future periods. We have showed both the market and location-based methods of reporting. We have included the market-based method of ￿pOrting to reflect the use of renewable Èlettricty following the acquiring of REGOS (Renewable Energy Guarantees of Ori8inl for the School's electricity supplie5. Th￿e certify th8t 100% of the elettricity supply Is backÈd by renewable energy sourc￿. 2024-25 2023-24 Typeof mi89ion IC02e Actiwly tC024 ofioE kWI Lrtalityl B8$& M￿ket S¢(y I t￿ra1489[&￿￿) $9.28 9&91 1.274.058 22933 62,087 1,378,130 3.85% 57.7 3.8196 Sub-tot•l 254.89 9.28lb io0.oa 1.331,798 243.7S 64.4646 s¢cpo2 EIE¢lriC4lylLocalithBes¢dMEthL EltsctllUtylMgtk8tBb5edMelWI Sub-totql ILoGBtlon Ba?ed MqthOJI Sub-total (Market 884èd Method Totgl tralli con8umption and aml$8lan8 ILOCB11on bBsedl Tot81 groia con8umption and grn1841￿# INark¥t b&B8dl MetliCused.Numbeiofpupil 837A02 $84.319 13439 35.5 837,402 837.402 2.210.532 2,210,532 14812 36.7711 0.00 584,819 134.39 35.54 100.OOlb I￿.0016 700.ooqts 878.14 100.009b 254.e9 lo0.0￿j 1,047 37 T¢ThwgrlC028perDumDaroTpupi151m#rkeibasedl STATEMENTOF ACCOUNTING AND REPORTING RESPONSIBIL￿lEs The member5 01 the Governing Body Iwho are also the directors ol Ib5tock Place School for the purp05es of corn￿￿¥ lawl are responsible for preparing the Annual Report and the fin8ncial statements with applicable13W and United Kingdom Generslly Accepted Accounting Prartice (United Kingdom Accountin8 Standards). Company law requires the Governing Body to prepare financial staternentsfor e3ch financial year. Under that13w the Governing Body have elecied to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounring Practice (United Kingdom Accountin8 Standards) ènd applicable law. Under company law the Governing Body mernbers must not 3pprove the financial st3tements unless th@y are sat15fied thai they give 3 true and fair view of the state of affair5 of the charit3Ne company and of the IncomiD8 IBSTOCK PLACE SCHOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2025 resources and application of resources. includin8 the income and expenditure. of the charitable companyfor that period. In preparing th￿e financial statements, the Governin8 Body Members are required to.. select the Most suitable accounting p&icies and then applythem consistently,. observe the method5 and principle5 in ihe Charitie5 SORP,. make judgments and accounting estirnates that are reasonable and prudent.. state whether applicable UK Accounting Standard5 have been followed, subject to èny m*erial departure5 disclosed and explained In the financial siatements.- and pr&p3re the financial 5t8temenrs Jn thegoin8 Concern b3$19 unless it Is inappropriate to presume that the charitable company will continue in business. The membÈr5 of the Governin8 Body are responsible for keeping adequatÈ accoLlntin8 records Ihar Bre sufficient to show and explain the ¢haritable company's transactions, disclose with reasonable 3Ctur3cy at any time the financi31 position of rhe charitable cDmpHny and enable them to ensure that thelinancial statements comply with Ihe Companies Act 2W6. They are also ￿Sponsiblef0r safeguardin8 the assets of the charityand hencefor taking reasonable Steps for the prevention and detection of fraud Bnd other irregularities. RelevantAudlt Information Insofar as e3ch of the Directors, as members of the Governing Bod¥, at the d3le of approv31 of this report 15 aware there is no relevant audit information (information needed by the School's auditor In connection with preparin8 the audit report) of which the S¢hool'5 auditor is unawère. Each member of the Governing Body ha5 taken èll the Steps that he or she should have taken as a meTnber of the Governin8 Bo(ty in order to Make himself or herself aware of the relevant audit information and to establish that the School's au(litW 15 aware olthar information. Approved by the Governing Body, includin& ID their capaoty as company direttofs, approving the Directors, and Srrareglt Report5 containeLI therein, and signed on its behalf by.. Stefan Martln Chair of ihe Governin8 Body Dète.. 11 201¥ 12 18STOCK PLACE SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF IBSTOCK PLACE SCHOOL FOR THE YEAR ENDED 31 JULY 2025 Opinlon We have audlted the Jccounts ol Ibstock Place School for the year ended 31 July 2025 which comprise rhe statÈmeTrt of financial activities. the balance sheet. the sratement of cash flows and the notes to the accounts, Includ1ng a summary of Significant 3ccounting policies. The fin3ncial reporting fraM￿ork that has been applied In rheir preparation Is applicable law and United Kingdorn Accounting Standards, includin8 Financial Reporting St3nd3rd 102 'The Financial Reportin8 Standard applicable in the UK and Republic ol Irel3nd' (United Kingdom GeneraltyAccepted Accounting practi￿). In our opinion the accounts.. give a true and fsir view of the state of the ch3ritablÈ comp3nV5 affairs as at 31 July 2025 an(5 trf its Incoming regources and application ol resources, including Its Income and expenditure, for the year then ended,. have b&n proper￿ prepared in accordance with United Kingdoffl Gener311y AC￿pted Accounting Pracrice,. have been prepared in 3ccordènce with the requirernents of the compani￿ Act 2￿6. 8asi5 for opinion We conducted our audit in accordan￿ with International Standard5 on Auditing IUKI115As IUKII and applicable law. our responsibilities under those stand3rds are further described in the'Auditor's responsibilities lor the audit of the 3ccounrs' section of our report. We are indÈpendent of the School in accordance with the ethical requirements that are rel￿ant to our audit of the accounts in the UK, Including the FRC'S Ethi￿1 Standard, and we have fulfilled our other ethical responsibilities In accordance wirh these requirements. W& believe thèt the audit evidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Condusions relating to 80in8 concern In auditing the accounts, we h3ve concluded that the Trustees, use of the going concern basis of accounting In the preparèrion of the financial statemenis Is appropriate. Based on the wcKk we have performed, we have r￿t Identified any material uncervdinties relating to events or ¢gndition5 that, Individually or collectively, m8V Cast significani doubt on the comp3ny's ability to continue a5 3 going concern foi a period of 8t least twelve months frorn when Ihe 3ccounts 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 repNt. Other Information The other Information comprises the information included in the annual report other than the account5 and our auditor'5 repori thereon. The Trustees ore r￿pOnsIble for the other information contained within thÈ annual report. Our opinion on the financial staternents does not cover the other information and, except to the extent otherwige explicitly st*ed in our report, we do not express any form of assurance ttsnclusion thereon. Our responsibility Isto lead rhe other Information and, In doing so, consider whether the other information is m3terially Inconsistent with the accounts, or our knowledge obtained in the course of the audiL or otherwise appears to be materially mi5Stated. If we identify such rn3teria5 Inconsistencies or apparent mzterial missiaiements. we are reouired to deterrnine whether this gives rise to a material misstatement in the account5 themselves. If, based on the work we have performed, we conclude rhat there Is 3 m?teri31 misstatement of ihis other information. we are required to reportthat fact. We have nothing to report in this regard. OplnSons on other matter5 prescribed bythe Companies Act 2CM)6 In our opinion, based on the work undertaken In the course of the audit.. the information given In the Tru5tees' report including the incorporated strategic report for the financial Vear for which the accounts are prepared Is con5i5tÈnt with the accounts,. and the Trustees. report including the incorporated str8te8ic report hès been prep8red in accordance with applicable leg31 requirernents. 13 IBSTOCK PLACE SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF IBSTOCK PLACE SCHOOL FOR THE YEAR ENDED 31 JULY 2025 Matters on which we are ￿QuIred to report by exception In the light of the knowledge and understanding of the School and its envlronment obtained In the course of the audit, we have Dot Identified material Tnisstatements in theTru5tee5' report, includin8 the Incorporat￿ strategic report. We have nothing to report In respect of the following matrers in relation to which the Companies Att 2006 requires us to report to you if. in our opinion-. adequate accounting records hève not been kept. or returns adequate for our audit have not been re￿iVed from branches not visiied by us.. or the accounts are not In 38reement with the accounting ￿CordS and return5.' or certain distlgsure5 of Trustees, remuneration specified by law are not m8de,' or we hove not received all the informaiion and explanations we require for our aijdit. Responslbiitie5 of Trustees explained rnore f￿llY in the starement of Trustee5' responsibilities, the Trustees are responsible for the preparation of the accounts and for being 5arisfied th3t they give 3 true and f3ir view, ènd for such internal control as the Truste25 determine Is necessary to enable the preparation of accounts that are free from material misstatement, whether due to frau(l or error In preparing the accounts, the Trustees are responsible for è55e55in8 the S¢hool's èbility to continue as a going concern. di5c1051ng, ès applicable, matters related to Eoin8 concern and using the going concern ba515 of accounting unless the Trustee5 either Intend to liquidBte the charitBble company. or have no realistic altemBtive but to do 50. Auditor's re5ponslbilitie5 for the audr( of the accounts Our obiedives 3re to obtain reasonable assurance about whether the accounts as a whole are free from m*erial mi5StaiemÈnt. whether due to fraud or error, and to Issue an auditor's report thai include5 our opinion. Reasonable assurance Is a hi8h level of assurance, but 15 not a guarantee that an audit conducted in accord8nce with ISAS IUKI will always detect 8 material misstatement when it exist5. Misstatements can arise from fraud or error and are considered rnaterial if. individually or in the aggregate, they could re3son3bly be expectÈd to inflUen￿the economicdeci5ionsof user5 taken on the bo515 of these accounts. Irregularities. Induding fravd. 3re Instsnces of non-compliance with 13ws and re8ul3tions. We deS￿n procedures in line with our r￿ponSibl11t1es, outlined above, to detect material rnisstatÈments In respect OF Irregularities. including fraud. The extent to which our procedures ar& tapable of detectin8 Irro8u13rities, including fraud, is detailed below. Extent to whlch the audit was c0Tr5idered capable of detecting Irregularities, Including fraud Our approach to identifying and assessing the risks of m3ter131 misstatement In respect of IrrÈgularitie5, Including fr3ud 3nd non-compliance with l?ws and regulations, w35 as follow5.. the engagement partner ensured thai the engagement team collectively had the appropriate Ctsmpeten￿, capabilitie5 skills to Identify or rÈcognise non-COTnpliance with applicable laws and regulation5,- we Identified the18w5 and regulations applicable io the School through discussions with management. and from our commercial knowledge 3nd experience of the sector," we focu5edon specific13ws and regulations which we considered may haveè direct mèterial effectonthefin3ncièl 5t3tements or the operations of the School, Including the Comp3nies Att 2006, the Chèrities Act 2011, the Ch3rities SORP. taxation legislation, data protection, anti-bribery, ernployment. environmental and health and safety legislation,. we 3S5essed the exient of Complian￿ with the laws and re8ul3tions identified above through making enqviries of management and inspectin8 legal correspondence,. and Identified laws and re8ulation5 were communicated within the audit team regularly 3nd the team remained alert to Instances Df non-compliante throughout the audit. We assessed the 5USCÈPtibility of the School's financial sratements to materi31 misstatement, Includlng obtaining an understonding of how fraud might occur, bv.. 14 IBSTOCK PLACE SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF18STOCK PLACE SCHOOL FOR THE YEAR ENDED 31 JULY 2025 making enquiries ol management a5 ta where they considered there was susceptibility to fraud, their knowledge of actual. suspected 3nd alleged fraud,. considerin8the internal controls in place to mitigare risks of fraud and non-ciJnpliance with law5 and regulations, and understanding the design of the School's remuneration policies. Audit response to rlsks identrfled To 3ddress the risk of fraud through management bias and override of controls, we.. performed aDalylic31 procedure5 to Identify any unusual or unexpected relationship5', t￿ted iournal entries to identify unusual transactions,. assessed whetheriudgement5 and assumptions made In determiningthe >ccountin8estimates were indicative of Investigated the rationale behind $18nificant or unusual trans3ttions. In response to thÈ risk of irregularities and non-compli3nce with laws and regulations, we designed procedure5 which included. but were not limited to.. agreeingfin3ncial statement disclosures to underlying SUPPOrting documentBtion,' enquiring of management as to actual 8nd potenrial litigation and claims,. ènd reviewed legal expenses for Indications ol nonJna*s&Ikllry¢￿UpTr￿t &M,OOD 2,&￿,1￿)￿ 7,5W, 3Lb,￿o tkngnaw.Er￿rgY.EthlciWJvJ 1,500.000 26,￿7￿5 26,0>F￿5 Pl.4g6,271 121A96,272J se.862￿2 51150,184 T￿li[Und1 5&865,229 26037,￿ 21.498. PutyoiivfFund5'. Un￿￿*t¢d Fundi Ilr Perts*￿ ofty g0￿M￿ni92n$knsthMp.tr¢ FwéAuihonTrWPFAI,35*5es£ed bytr*LPFA*U*& Th94FSeiha$￿ •Eed1n&cthdW￿￿￿1h FRSlO2a￿ be w0￿red In yEwSthtowh￿d￿IoN In gn¥knyerconirfbvton, As 3ssesttBliry aJlusiThMthB5 m&9 the reseNe ha8r*en r8myd. ThgOwaWLGPSPwwnffiW￿a1on￿$eT￿e￿p￿rl5(undSS￿dth￿y￿S￿￿tOMBifyluree¥WI#y¥￿1SIn Ihevauatmthi &Mlxl'5$h￿e￿f￿*#s&etID￿LpFA￿￿Tr￿.ThIs[W￿￿W¥￿￿￿edInMÈY￿. Tl* bursats ￿ bqen gSt*lshÈd a CWI lu￿ Thay be Us￿ gBnglatg to fuDXe ThFDeSV￿tertEnÈffjY.E￿c￿r￿Y￿su&tr￿YbllWyFUr￿re￿£#nts ￿￿￿￿X￿,5NP1Zeroe8rttr$￿9Wy. TheG*$l FLrfcOThy￿TL￿s*t￿hiheln￿*g￿frs9¥?USèln Ch&&y. In PrX￿ AwedlnFixedAs&etsa*rnièdakbkbspgnd. 14. ANPLYSL%OF¢HANGESINMEtCA8H A11 AYHU Al31￿ 1.611274 21 ￿£62 16 5J2W2 IBSTO¢K PLACE SCHOOL NOTES TO THE ACCOUNTS FOR THEYEARENDED 31 JLSLY 2025 1% PFNSIONS The $¢hoofseNoytsesbelong bJfiJurprirt¢ipa p2nsK)n sdwes. the Te￿￿￿, Paislon Efft9￿￿ and ¥Va*S ITPSI for ¥rtd remed staff. Ihe Lwal eth*mm¢nt PÈnsKn sth*mè ILGPSI foi no￿￿hIng 51aff, wh￿h managed bylh¢LondM Pen*on$FMd Authorty. lhèNESTPen$W￿ Scheme, Wed(vninaNllyforCa￿nng anac￿Sn1 si¥K, iheAPTIS Pension SCr￿nIe, pIedrAnIn￿vytQri¢￿h￿l9 slaff whg siarted from 1 September 2024. Th$ TPS dLGPS3r* both Mu1￿M￿yer￿efi￿ Lweffil pen*on NESTIS a St*ehO1der5G￿rn8. The i*sI &tua￿l v8lualionolv)e TPS 10 I￿ paith ended Jl Marrh 2020￿ of1￿ LGPS 31 MaTGh JK2. The￿w￿•MoUlslandln9￿pr¢p3id￿ntr￿￿0A$ ateitherltrobw￿hmDC￿(￿￿elldOfthe I￿a￿al ye*. IEACHERS, pENs￿N SCHEME The Teth￿, Penslon gKh¥ma ITPSI Is a stauwy. Contr1￿￿y. ¢èlned benefil ￿h￿e. j￿rned by lheTe8rJ￿s. Pen$￿A Scheme Re9ul¥ti￿a 2014. Memwshlp ISaU￿?11¢ triThdivl￿aL￿ *thioirÈd TPS¢nor3fterl January 07￿￿￿5S thèyelecl￿OpI0￿1. Allte¥hershave l￿￿11￿￿￿19UIoithfrTPsT￿￿￿j￿r￿Men1. TheTPs¢anunknr*edsthen*iovJtrMGhknlhl￿NLemberaThjempkn>£rMakeSC0￿trbUDtynS, as3￿￿￿148¢[salary - ihe5P ¥e cwqdled ￿ the ExGhwwer. Reli￿￿￿1 *J otrr twaits are by puOl¢ prowdel byP3thwl. luatlon OflheTtJ¢h￿,Pen81oD S¢hthn• The LEingntymalac￿a￿IW￿￿j￿.COndLr￿abM1 &llwwith4woftheT* ID•))y yrilh1hpPubhG SeMcePerh8iQrts (va￿atr￿n$and EmfvrC¢si Capl D*￿110￿5 2014 pu￿Sh& by HM T￿￿ry8wdry 4>£afts. The a¥Do1￿8 tsvÈw￿t0sWCifythe ￿￿1￿[firture COfitribubons.A¢knarial S￿e￿￿¥1￿#￿)n$3te ￿9ndIn1 on a55Ufflptions3bNiihevalueoiMiureN￿$, desion 01b￿e[l15an￿hwYQther￿Q[s. TheIaw*Lwi￿V4￿a￿Tr e TPS was is at 31 2020. Th8¥a￿a￿￿ ￿￿WaS published by the OBP¥rfftMllorEthLxiun on 27 Ikiob8ra)23.The k8ye*wthS ollhe valua￿ ¥a$￿bseqUenIwTrsUkaIi￿ are.. nploygT C¢Thtribukn)n rates set ei 28.6VA 12Q23 23.68%) ol penw¢n8tle pay li￿V￿1ng a 0.08% •nKI thth¢lrtitin levyl. IQtslsthe￿lI￿￿hlIes I￿s￿￿5￿j￿$rth1npaYM8ni￿ Ih&estim319J¢OSI oifviure bgD8frtsltr*se￿￿e10 the 81￿1* ¢ttof£262.NO mlllbn 3nd a55ets125bmaW luiure ￿￿￿b￿lon$ wethei the nOtIc￿ Invesv￿ts￿*l￿0ith21￿￿￿l￿0¥t*l0l£?22,20DrnilIQft,1￿V1roano1Nffi￿pasIserv￿d￿I14IÈ39,8rlInl TheeMpbserfsp￿s￿CO￿s pald 10 TP8￿ Ihèpertod a￿U￿tI￿l022,109.978I?)￿4 I1.￿S,8t￿l. Actyyolthpv*vatsM ￿Porta￿d$Up￿)rtirffj i5￿the TeKhgr¥ Pensbnswebsitè. imdef th$ J&finllbn5 seioul In FRS 102, TPS ￿ an ￿bJ￿0d Thulliom￿0Ytr penw scheTh. Thè s¢ncd has accwnI￿ tr11s￿l￿wi￿nS tolheschwlle as11￿*￿r4 ad8fvb*¢DNrfb￿￿J￿s¢tr*me. The5cW rwseioLlabo tffilumaiion a¥wl¥tkrAI Iheschème. NEST PENSION SCHEME The Sthool *0 ￿nEnbul*$ 10 WEST.. a wwkpkce sl*efrfWer pensnn scheffle a Im51 ty TrEST COrr￿at￿￿. NEST CoipoT3lW teport io Parfiantnl Ihrough the Sèyè1ary of Slats fty and PeAsws. The 4r￿ the membeTSfflU$ltOmth￿ the miNmum wirem8Dts $#t)y the 200$ Acl, both emooyees and pbiw5 may(￿1r￿ule￿Ort itlheyw15h. Tho SthLY￿C￿￿8Nity￿fttrttUteS al 5%3ndemth0ye￿￿nl￿Mi2a totalol 5%. 4%d8ttucid fvDm their pay and 1% clamed fvom HMRC by NEST. The emrAoyerc0ntrbu￿ns p3¢ In >e3r ie £￿,0911￿24.. £11,501. The NEST Pwwitin Sch&n8 ￿ 8 oefned eithlbLrt￿n scheme re(opnised inthepwK¥Jtowtri¢h IW rel LOCALSOVERNMENfpFNSK)N SCHE London Pènslon Funo Aythorlty TFt Schotl al80 r¢n1dbU￿S to Ihfr Lrndon Pensws Fund Auihoilly ILPFAI. part of the GDvernmenl pÈn$bn he￿. a d￿n¢d he￿￿1 Sialu￿ry The FU￿ 15 adm￿￿￿1$1 by LPFA ill a¢¢ordance wih th* Loeal ÈchBrne RegDlaiKJns 1997 T￿s¢hÈrne IsarnLlli*mloyttDthed88nefilWeme Apfis PENSDNSCHEME Th&Sckth con1d￿test01h¢A￿¥a Pensw)DTnJglkrfkndEpen¢¥ltSchths IAPTIS), 3ddmed(wiriwi￿n ￿n51 stheme. 11 Is availab￿ Iw memLw s¢hoots of Ihe kn¢ependenl Wrgars IISBAI. The wnployÈr ¢onirlbUl￿￿sP*iJInthe1￿¥were£179,21g¢2024-.Enll, 25 IBSTO¢K PLACE SCHOOL NOTESTOTHE ACCOUNTS FCIiTHE YEAR ENDED 31 JULY 2025 15. PENSIONS icoTrif14UEDI Thefthglny8ddi￿naIdL¥1DSules rd*kntsLPFA*idatem&8t0t￿nW￿thFRS 102. Thèy re5uns0ftheful1&￿aIdV￿a￿￿ca1rfeIQ￿l at31 ￿[th2o22￿ b31 Ju￿202sty8QvS1￿Ind￿fj$nl Xtsaryftom B8tn6tt Waddirgham uwg appr(¢￿19 techn4￿5 aval¥bb InAymakn. Ihe ¥¢hemè IB a IhE achwy h t*en IiaL4111&* T￿1Th1oM￿￿￿ b•￿￿(￿LI1b5tt￿k FI￿ Sc￿,8 Sha￿({￿2$¢hO￿$aSsets1￿ laLili 11 ￿1nd￿lAc￿lI￿lA•SumpIthn• At31 Juty 2025 2024 R*ofIncre￿kn$1￿r*S 3.W% 2￿% 5.75% 2.90% 7,89% payrneriJnfiatio 290% &05% 1.70% 4.83% Infjaikn assumoDn (C￿) ExpÈc*d sthÈrnewg*a131 Ju I￿VIal1X￿$Qn reIW￿l￿e65a￿." At31 July 2025 31Jv 2024 R￿*￿1￿lY es Fem￿￿8 23.4 24.5 .9 24.4 ReMTr¥Jm20yeats M*5 21.8 25.0 24.9 At31 Juty 2025 A131 3)24 Equq BDnd5 (law￿t￿M￿N￿￿i Inf￿SITU¢￿ PIw8Ny C¥sh ¢1 Thpautualrotym on IheKlwnoiis¢tElntheyew 310,LW 245mO dl Amoyni#reEO9n￿¥d hlheSlthintofRTrinthlA￿￿lb At31 2Q25 24 81￿10[￿st￿ORt Aowistrakn ext*rths 1.C(V 1118.( 189,0001 3,QOD Tdal(*8thgChawe 19.0 136.0 IBSTOCK PLACE SCHOOL NOTESTOTHE ACCOUNTS FOR THE Y￿R ENDED 31 JULY 2025 1& PENIONSICONTINUEDI AmouTrttsr8e•gnlMdlnl￿￿n¢tShe8t At31Ju 2425 A131My 3)24 Prè&enivtheofthBd6fiWbenefiloW81i FavV81￿¢lFUndass?tsIt￿ wal￿) ID¢lkrtVSuWu• Imp3ttiotassei¢elir4 NqtdelhiEdbthof*llab1ftyi45￿t 17.172.(W 10407t 17.7QS,OQDI 9.821000 I116.￿0 411. 1.705.0 J,2JS 3,235,(YJ) fj Chmou thth• pmèni¥4l*olth•dgfin•d bon¢fftoblv4aliOn￿￿rfr15Iolo￿é.' At31J 2025 2Q24 gdofjwberthobl￿*ioTh SerTh¢ost Inbi£sl£Dtst IF.705,thYII I2￿.0(1)) 1382.Qth)I 187.QOOI 169.QO IF.OT&OfQl (251.0 13610NI I1￿.0 81,OfA) 1197,0 16,W) Eyp¥lwwlkissVgaiThon d&fingjbo￿{IsUaNll￿ Chw Indwrwwic wmptons PaslSW¥tettws.1lCluOl￿￿rngkn B8nEffils neiofli￿5￿S in DOfinedbenofrt•Nt4￿Qn ￿1nd0f￿* CknJO 31Jy 2025 A131 Jvly 2024 (Wiw(*rv1uèolsch￿￿a$goty Intele61￿ *iets PAiyinwA58eiS I￿￿1£10st Qxher￿a[1￿9alr￿1(￿g£esj AdM￿l¥tr￿10ll exwsos y8rconthm￿￿s EM￿￿￿tri￿J￿￿S pa￿ ￿&V￿￿￿91n8toItranthTS ¢loslngfair¥ak*offvndaitsts 9,821.QOO 491￿0 27&000 9,Fts,fJ)) 480,th) 13,0( 13.(YJOI 13,r 120,( 87.L 10,407,000 h) sons11￿ltyW￿￿s'. Tfvs¥)sibVity￿ard1￿ W1￿1p8185suMpthv$ed￿oTh￿￿%UIeth&Sthe￿4th￿s ch￿g￿￿ a&$umpknnsas *31 JulyW5'. £0091 SWT£rti0dl¥￿I[at6 Present￿d￿011)tsbOW3 ProwsÈritt¢o$i •0.1% -0.1% 7,286 7,1n .1% PresentvaknBoflOtsloWWI Pio*ds£MEè¢osi 4'usbWlb pe￿B￿ in¢reaMand(*kneJiov4ua 7.1n 193 0.0% 7,1r2 40.1 7.281 -0.1% Pr¢h** 5*N¥icecosi i'ushr￿ ￿Irf9eXp￿tSThCY8s$vmp￿￿$ +1 ￿aT 15Far 6,￿7 seThtscoBt 193 18STOCK PLACE SCHOOL NOTES TOTHE AC¢OVNTS FOR THE YEAR ENDED 31 JVLY 2025 18. INVESTMENrs InYi•lm¢hts. Ca¥h Al￿1￿n$ UnigaV5￿￿l 3.654.867 71,869 1654.867 69,748 At31 JUFJ W26 1726,738 69,748 3.T96IB4 17. NEfASSErs Fi¥ed Longlvm A•MWILlabI￿QlTr Assets T•tal R•str￿£dAN unieslt*d l￿d$ 2,￿7 lo,413.￿31 1867 49,085.114 9.805. 893,131 42.779.999 42,719.999 ￿98￿ 4107.856 1& TRusfEES' REPAWERATh)N AND EXPENSES m)d￿lIe10￿ party&￿S￿l￿$(W￿r(£d1n the￿r. WT8W¢T¥IWII*SO k8nyoltheTNsi 19. MEMBERS LIABILITY Ib5bxk Fl¥È SGhwl 15 a I1￿￿ted h& Th)sh¥È capil*. W M8mtr*rofl￿cha1IK￿b tsynpaw urthi8kes to 45seL%0fl￿¢¢rn￿￿y￿ tr£ Wlofitbplry wound up￿1¢ a mom￿[.(￿Y11trln ￿pY0ara￿rh￿l¥h9 ¢è8ses wnouni Mtyb8tequy￿.rOl0Xc￿ed1ry£1 fortr*Oibtsandli*lhles￿h￿￿bIbethl*￿￿£ceaseI lote¥ 20. OPERATING LEASES All￿)*8[￿d dae the &*th1adoutstsrli￿ pasry￿ntsv￿*rhN￿Ke￿￿2tye[8fjn9 le*e& whthfalldwas 2025 Ythnone)wr Borawtt¥o8ndfi*y 440,937 314.932 751W9 396,268 266.816 663,014 21. cApifpL COMhMTMENT Schocl 1% ro Imw¥ii thelWTuC￿f¢ ￿ caixw S￿nd￿j Wlted b ma￿aIn the sbnd¥ds ufvd by Wooi. Thè SdK*A Ig h) a luth¥£i,8MèxpgnrfllLty￿ cathlomtrfts Uth¢On￿￿￿. PA31 July2025. e1,(62k th 28 IBSTOCK PLACE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2Q25 22. STATEMENfoF FI114K￿ ACTNrriES. COMPARATNE FIGURES BY FLKITYPE RMIrf(tod FuThd5 2024 T¢ Y•arEnd￿ 31 Juty202J Fyndi INCOMING RESOURCES 24211,735 24,211,733 Acb¥illesloyngiit*fun other1r