Charity number: 1157146 ROYAL HOSPITAL SCHOOL CHARITABLE TRUST (CIO) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST CONTENTS Pages Reference and Administrativ? Details of the Charity, its Trustees and Advisers Trustees. Report Independent Examinérfs Report Statement of Financial Activities 10 Balance Sheet Notes to the Financial Statements 12-20
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees Tony Stenning, Chair Rebecca Winward Thomas Pratt Irfan Latrf (appointecl 1 September 2024, resigned 23 February 2026) Steven Dixon (appointed 23 February 2026) Charity wistered number 1157146 Principal office The Royal Hospital School Holbrook Ipswich SLJffolk IP9 2RX Independent examiner John Perry Scrutton Bland Limited Crown Street Ipswich SuffDlk IP13LG Page 1
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together with the financial ststements of Royal Hospital School Chantablè Trust (the charitable organisation known as RHSCT or the 'Charity') for thè year ended 31 August 2025. The Trustees confim that the Annual Report and Financial statemènt5 of the Charty comply with the current statutory requirements: the requirements of the Charty's governing document and the provisions of the Statement of Recommended Practice {SORP). applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2015) as amended by Update Bulletin (effèctive January 2019). Objectives and activitie5 . Policies and objectives The objective of the Charty is to advance the education gf pupils at the Royal Hospital School ("RHS" or the "School ) , in particular, but not exclusively by.. Providing bunsaries, scholarships arKI prizes for education at the Sch¢XJl: Supporting specific projects at the School relating to the advancement of education at the SchDDI', and Developing effethe relatlDnships between the pupits, staff. parents. alumni, friends and others associated with the School. b. Main activities undertaken to further the Charity's purposes for the public benefrt In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Chartty Commission relating to public benefit, including the guidance 'Public benefit- running a charity {PB2)'. Our objectives staled above show that this is our aim, and we endeavour to accomplish these objectives. Achievements and perfonnance a. Main achievements of the Charity Income into the RHS Charitable Trust came from a mrx of regular grving, one-off donations, legacy-related income, merchandise and events sales, Gift Aid claims, and investment income. Restricted giving continues lo dominate, with the Centennial Bursary Campaign as the main beneficiary, reflecting strong support for bursaries and widening access. During the year the Charity received legacies and donations amounting to £201,830 (2024- £160,298), including notable legacy of £150,211. Th8se monie5 received are to be spent on achieving the Charity's objectives in current and fLrture years. Page 2
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and performance (continued) b. Fundraising highlights Funding highlights during the period under review included-. Following extensivè relation5hip-building with the Executors the Charity received a generous legacy of £150,211 from the Lawren family. The gift was designated for bursaries with specific links to music and sailing. The inaugural Cèntennial Art Exhibition and Auction hekl on 1 March 2025. The event featured contributions from pupils, stsff, alumni, and professional artists, raising £8,000 for the Centennial Bursary Campaign. The succes5 of this event was recognised when in Novernber 2025 the Schol was announced as winner of the Institute of Development Professionals in Education (IIDPEI Schools Engagement Campaign. Merchandise sales. Particular RHS-branded items sold at reunions, school events, and online, provided an addrtional revenue stream that strengthened alumni engagement while Gontributing directty to charitable income. Friends of Music received donations to fund a pupil's piano lessons (£3,639 including gfft aid). Financial review . Flnanclal perforniance Total income for the financial year to 31 August 2025, including the legacy was £201,830 (2024- £160,298). The surplus genepted for the year was £152,389 (2024 £101,734) before unrealised gainsllosses on investmenls held and £147,368 after IDSS on investments of £5.02112024 - £172,067 after gain on investments of £70,333) b. Going concem The Trustees and management have prepared detailed financial forecasts that indicate that the Charity will be able to continue to meet its liabiltties as they fall due and will continue to operate for the foreseeable future, being at least 12 months from the date of approval of these financial slatements. Accordingly. these financial statements are prepared on the going concern basi5. c. Reserves policy By virtue of the charitys operations and related entrties, the Trustees do not consider it nessary to hold unrestricted reserves as the main charitable operation is taking the restricted income received from donations and expending it on restricted fund projects throughout th8 yèar. Thi5 Posttion remains unchanged from previous years. Page 3
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structurei governance and managernent . Constltutlon Royal Hospital School Charrtable Twst is a registered charity, number 1157146. The Charity was incorporated as a charitable incorporated organisation on 21 May 2014. The Charity is governed by its constitution which was registèred with the Charity Commission on thè date of incDrporation. b. Methods of appoinlment or election of Trustees The management of Ihe Charty is the responsibilty of the Trustees. The Headmaster of thé Royal Hosprtal School is an ex officio Trustee. Further Trustees are appointed by the existing Trustee body in order that the CIO Trustees should consist of at least one former pupil. at least one cutrenl or fomier parent. and at least one Governor of the Royal Hospital School. c. Organisational structure and decision making The Board of Trustees is the principal dpcision•making body of the Charrty. d. Policies adopted for the induction and training of Trustees Trustees are provided with an inductlDn pack of information bespoke to RHSCT on appointment. Trustees are invited to visit the School on a regular basis to meet Wtth the Headmaster. Chief Operating Officer and other members of the Executive tèam. It is expected that Trustees undertake training appropriate to their role and opportunities are made available for Ihis through organisations such as The Assoctation of Governing Bodies of Independent Schools (AGBISI. o. RSsk managernent The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operstions and finances of the Charty, and are satisfied that Systems and procedures a in place to mltigate exposure to the major risks. f. Change of Constitution The RHSCT constrtution is to be amended as folknvs.. Removal of the requirement for an RHS Govemor to be a Trustee and replacement with Royal Hospital School Association (RHSA) Committee Member Introduction of a three-year tenure for Trustees, rEnewable up to three times These changes will be discussed in the board meeting in March 2026. Page 4
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Springboard Foundatton The Royal National Springboard Foundation's vision 15 that 'all children should be able to access a great education, as the firmest foundation for a fulfilling futu.. To achieve this: thèir mission is to widen access to the opportunrties available in state boarding and independenl schools for young people facing thé greatest barriers to their developmenf,. The RHSCT and RHS direcdy help to support this mission. Direct financial assi51ance was provided to support 10 bursaries in partnership with the Royal National Springboard Foundation at a cost of£25,000 (2024. £35:000). DNeumanft Fund During the year a De-Neumann Maths Scholar was funded to the extent of 1 OOQh of day fees at a cost of £21.003 (2024.. £18.236). The Trustees continue to support Ihe existing sChorship despite the recent signrficant elevated rates of infiation, which have caused the Fund to lag behind the original tsrget of maintaining value plus RPI. The Trustees acknowlèdge the shortfall and will carefully manage the Fund with close review of Ihe frequency and size of future awards. Page 5
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Futurè developments Post year end the Charty faced unexpected challenges following the Inspired Learning Group (London) Limitèd (ILG I purchase announcement in October 2025 of RHS. which initialty resulted in reputstional concerns among some alumni due to the change in nature of the School from charity to private equity. This unfortunateiy resulted in the withdrawal of legacy pledges worth a total of circa £250.000, and a small number of regular gift cancellations. However, the successful management of this period, through direct communication wrlh stakeholders, in particular the alumni community, including a joint webinar with Greenwich, has started to restore confidence in RHSCT. The fundraising strategy and resources 8re continually b&ing reviewed. Depending on thè resources and expertise available, we work hard to build on the foundations of previous years to enhance alumni relations and increase fundraising, through stronger communications and improved marketing. Merchandise has now become a meaningftjl and sustainable income stream as wéll as an engagement tool, with Strong performance from web150cial media promotions. Looking ahead, event-led fundraising will also remain central to strengthening restricted funds for the Centennial Bursary Campaign. The Les Misérables Gala Dinner in late 2025 demonstrated the continued appetite ft)r community events and raised £2,329 forthe Centennial Bursary Campaign. Legacy fundraising remains a long-tèrm priorrty, although proactive promotion was paused during the Autumn term due to sensitivities arDund the ILG purchase, Ihe strategic groundwork has continued. A new Legacy Giving booklet will be distribLrted to alumni aged 65+ in earty 2026. accompanied by digital communications through Gidge and email channels to all alumni. In the longer tem we continue to look to: Increase recurring donations to slabilise incomè streams. Build sustainable funding pipelines through legacy grfts and néw donor acquisttion. Strengthen partnerships with alumni to promote a culture of giving back. Explore corporate and partnership grftslsponsorships. Page 6
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accountin9 Slandards (United Kingdom Generally Accepted Accounting Practice). Thè law applicable to chartties in England & Wales requires the Trustees to ppare financial statements for each financial which give a true and fair view of the state of affair5 of the Charity and of tls incoming rèsources and application of resources, including its income and expenditu, for that period. In preparing these financial statements, the Trustèes are required to". select suitable accounting policies and then appty them consistently, observe the methods and principles of the Charities SORP (FRS 102)" make judgments and accounting estimates that are reasonable and prudent" state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Chantywill continue in business. The Trustees are responsible for keeping adequate accDunting reccrds that are SLJfficient to show and explain the Charivs transactions and disclose with reasonable accuracy at any time the financial positlon of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charty (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order Df the members of the Board of Trustees on and signed on their behalf by= Page 7
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Independent Examiner's Report to the Trustees of Royal Hospital School Charitable T (Ihe Charity,) I report to the Charitys Trustees on my éxamination of the accounts of the Charty for the year ended 31 August 2025. This report is made solely to the Charitys Twstees. as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the Charivs Trustees thosè matters l am requirEd to state to them in this report and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility to anyone othèr than the Charity and the Charity'5 Trustees as a body. for my work, for this report, or for the opinions I have formed. Responsibilities and Basis of Report As the Trustees of the Charty you are responsible for the preparation of Ihe accounts in accordance with the requirements of the Charities Act 2011 (Ihe 2011 ACY). I report in respect of my examination of the Charity's accounts carried oul under section 145 of the 2011 Act and in carying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. An indepèndènt exarninalion does not invofve gathering all the eviden that would be required in an audit and consequently does not cover all the matters that an auditor consideT5 in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance thal an independent examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fair, view and my report is limtted to those specific matters set out in the Independent Examinerfs Statement. Independent Examinerfs Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respecL' accounting records We not kept in respect of the Charty as required by section 130 of the 2011 Act, or the accounts do nol accord with those records" or the accounts do not CDmply wrth the applicable requirements concerning the form and content of accounts set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. Page 8
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 I have no concerns and have come across no other matters in connection with the examination to which attention should be dr8wn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Dated: 23 March 2026 John Perry FCA Scrutton Bland Limrted Ftsroy House Crown Street Suffolk IP13LG Page 9
ROYAL HOSPITAL SCHOOL CHARITABLE TRLIST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 Reslricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Notes Income from: Donations and legacies 184,523 17,307 201,830 160.298 Total income 184,523 17.307 201,830 160,29B Expenditure on: Charrtable activities 46,003 3,438 49,411 58,564 Total expenditure 46,003 3,438 49,441 58,584 Net income before net (lossesygains on investments Nel {lossesllgains on investments 138,520 15,021 13.869 152,389 (5.021) 101.734 70.333 Net movement in funds 133,499 13,869 147,368 172,067 Reconeiliation of funds". Total funds brought forward Net movement in funds 1,038,568 133,499 2,641 13,869 1,041,209 147,368 869,142 172,067 Total funds carried forward 1,172,067 16,510 1,188,5TT 1,041,209 The Statement of Financial ActNities includes all gains and losses recognised in the current and prior years. The notes on pages 12 to 20 fonn part of these financial statements. Page 10
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Notes Fixed assets Investments 693,854 698,877 693,854 698,871 Current assèts Debtors Cash al bank and in hand 3,712 493,943 26,397 318.395 497.655 344,792 Creditors.. arnounts falling due within one year (2,932) 12,460) Net current assets 494,723 342,332 Tolal net assets 1,188,577 1,041.209 Charity funds Restricted funds Unrestricted funds 10 10 1,172,067 16,510 1,038.568 2,641 Total funds 10 1,188,577 1.041,209 The financial statements were approved and authorised for issue by the Trustees on their behalf by- and signed on The notes on pages 12 to 20 form part of these financial statements. ACJL 2o)A¢. Page11
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pollcies 1.1 Basi5 of preparation of financial statemènts The financial statements have been prepared in accordance with the Charitie5 SORP (FRS 102) Accounting and Reporting by Chartties.. Statement of Recommended Practice applicable to chaTTtiés preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Rppublic of Ireland IFRS 102) and the Charities Act 2011. The financial stalernents have been prepared to gtve a 'true and fairf Viéw and have departed from the Charities (Accounts and Report5) Regulations 2008 only to the extent required to provide a 'true and faiff view. This departure has involved following the Charitiés SORP (FRS 102) published in Octcber 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Royal Hosprtal School Charitable Trust meèts the definition of a public benefit entity undèr FRS 102. Assets and liabilities are inttialty recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial Statements are presented in sterling which is the functlDnal currency of the Charity and rounded to the nearest £. 1.2 Going concern The Trustees and managernent have preparèd financial forecasts that indicate that the Charity will be able to continue to meet ts liabilities as they fall due and will continue to operate for the foreseeable future, being at least 12 months from the date of approval of these financial statements. Accordingly, these financial statements are prepared on the going concern basis. 1.3 Income All income is rècognised once the Charity has entttlement to the income. it Is probable that the income will be rèceived and the amount of income receivable can be measured reliably. 1.4 Expenditure Expenditure is recognised once there 15 a legal or Constructive obligation to transfer economic benefit lo a third party. it is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classtfied by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single actrvity are allocated directly to that acttvty. Shared costs which contribute to more than one acttvity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis Consistent with th& use of resouices. Expenditure on charitable activities is incurred on directty undertaking the activities which further Ihe Charty's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 12
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (continued) 1.5 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsèquently measured at fair value at the Balance Sheet date. unless the value cannot be measured reliably in which case it is measurèd at cost less impairment. Investment gains and losses, wh&ther realised or unrealised: are combined and presented as 'GainsllLosses) on investments. in the Statement of Financial Activities. 1.6 Debtors Trade and other debtors are rècognised at the Settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-tefm highly liquid investments with a short maturty of three months or less from the date of acquisttion or opening of the deposit or similar account. 1.8 Liabilitles and provisions Liabilrties are recognised when there is an obligation at the Balance Sheet date as a result of a past evenl, it is probable that a transfer of economic benefit will be required in settlement: and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or thè amount it has re[ved as advanced payments for the goods or services it must provide. Provisions a measured at the best estimate of the amounts reqUId to settle the obligation. Where Ihe effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The unwinding of the discount is recDgnised in the Statement of Financial Actiwties as a finance cost. 1.9 Financial instruments The Chatity onty has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception Df bank loans which are subsequently rneasured at amortised cost using the effective interest method. 1.10 Fund accounting General funds are unrestrided funds which are available for use at the discretion of the Trustees in fvrtherance of the general objectives of the Gharity and which have not been designated for other purp¢)ses. R&stricted funds are funds which are to be used in accordance with spectfic reslrictions imposed by donors or which have been raised by the Charty for particular purposes. The costs of raising and administering such funds are charged against the specrfic fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 13
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from donations and legacies Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donation5 184,523 17,307 201.830 160.298 Total 2024 154,811 5,487 160.298 Analysis of expenditure on Charitable activities Summary by fund type Restricted Unrestricted funds funds 2025 2025 Total 2025 Total 2024 Direct costs 46,003 3,438 49,441 58,564 Tot212024 55.718 2,846 58,564 Analysis of expenditure by activities Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Total funds 2024 Direct costs 46.003 3.438 49.441 58,564 Total 2024 55.718 2,846 58,564 Page 14
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Anatysis of expenditu by activities Icontlnued) Analysis of direct costs Total funds 2025 Total funds 2024 Donations payable 46,003 55.718 Anatysis of support costs Total funds 2025 Total funds 2024 Activities 2025 Governance cosls 3,438 3,438 2,846 Total 2024 2.846 Independent examinèr's remuneration 2025 2024 Fees payable to the Char"W5 independent examiner for the independent examination Df the Charity's annual accounts FS payable to the CharS independent examiner in respect of.. Taxation compliance services 2.760 2.460 315 Trustees. remuneration and expenses Durin9 the year, none of the Trustees recerved any remuneration for their qualifying services or other benefits (2024 - £NIL). During the year ended 31 August 2025, no Trustee expenses have been incurred {2024 - £NIL). Page 15
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Fixèd investments Listed invèstments Cost or valuation At 1 September 2024 Revaluations 698,877 (5,023) At 31 August 2025 693,854 Net book value At 31 August 2025 693,854 At 31 August 2024 698,877 DebtOT5 2025 2024 Due within one year Other debtors 3.712 26,397 Credito. Amounts falling due within one year 2025 2024 Accruals and deferrpd income 2,932 2.460 Page 16
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Statement of funds Statement of funds - Current year Balance at 1 Sèpternber 2024 Balance at Gainsl 31 August (Losses 2025 Income Expenditure Unrestricted funds General Funds - all funds 2.641 17,307 (3,438) 16,510 Restricted funds Music Bursaries De Neumann Legacy Heritage Cafe Annual Fund Hcod House 6.863 383,312 630,380 9,853 7,068 1.092 3,639 180,884 10,502 539,196 604,356 9,853 7,068 1.092 (25,000) 121,003) {5.021) 1,038.S68 184,523 146,003) 15.021) 1,172,067 Totsl of funds 1,041,209 201,830 149,441) (5,021) 1,188,577 Pagè 17
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Statement of funds (continuèd) Statement of funds - prior year Balance at 1 September 2023 Balance at 31 August 2024 Gain (Loss68) Income Expendilure Unrestricted funds General Funds - all funds 5,487 (2,846) 2,641 Restricted funds Music Bursaries De Neumann Legacy Heritage Cafe Annual Fund Hood House 6,382 266,464 578,283 9,853 7,0S8 1,092 2,895 151,916 (2,414) (35,068) (18,236) 6,863 383,312 630,380 9,853 7,068 1.092 70,333 869,142 154,811 {55,718) 70,333 1,038,568 Total of funds 869.142 160,298 (58,564) 70,333 1.041,209 Page 18
ROYAL HOSPITAL SCHOOL CHARITABLE TrUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. Summary offunds Summary of funds - current year Balance at 1 September 2024 Balance at 31 August 202S Gainsl (Losses) Income Expenditure General fijnds Restrided funds 2,641 1,038,568 17,307 184,523 {3,438) {46,003) 16.510 1.172,067 (5.021) 1,041,209 201,830 (49,441) (5,0211 1,188,577 Summary of funds - prior year Balance at 1 September 2023 Balance st 31 August 2024 Gainsl (Losse5) Income Expenditure General funds Restricted funds 5,487 154,811 (2,846) (55,718) 2,641 1,038,568 869.142 70.333 869.142 160,298 (58,564) 70,333 1,041,209 12. Analysis ol net assets between funds Analysis of net assets between funds - currenl year Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Fixed asset investmenls Current assets Creditors due within one year 693,854 478,213 693,854 497,655 {2,932) 19,442 (2.932) Total 1.172,067 16,510 1,188,577 Page 19
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Anatysis of net assets bètween funds (conlinued) Analysis of nèt assets between funds - prior year Restricted Unrestrided funds fijnds 2024 2024 Total funds 2024 Fixed asset investments Current assets Creditors due within one year 698,877 339,691 698.877 344,792 {2,460) 5,101 (2.460) Total 1,038,568 2,641 1,041,209 13. Related party transaGtions During the year donation5 arnDunting to £46,003 (2024 £55:718) were paid to The Royal Hospital School. The Charity has not entered into any other r&laled party transadions during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 August 2025 Dr 31 August 2024. Page 20