FARLEIGH SCHOOL TRUST LIMITED
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Company Number: 00905522
Charity Registration Number: 1157842

FARLEIGH SCHOOL TRUST LIMITED
INDEX TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2025
Annual Report of the Governors incorporating the Strategic Report
1-15
Independent Auditor's Report
16-19
Consolidated Statement of Financial Activities
20
Consolidated and Parent Company Balance Sheets
21
Consolidated Cash Flow Statement
22
Notes to the Financial Statements
23-44

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
INTRODUCTION
The Board of Directors present their annual report for the year ended 31 July 2025, together with the audited
consolidated fina ncial statements of Farleigh School Trust Limited (the "Company" Charity" or "School" l and
its subsidiary (together the 'Group").
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
applica ble to charities preparing their accounts in accorda nce with the Financia l Reporting Sta ndard applica ble
in the UK and Republic of Ireland (Charities SORP IFRS 102} Second Edition; effective l January 20191.
Farleigh School Trust Limited is a charitable Company, registered Charity number 1157842, Company
registration number 00905522. The Registered Office and principal address of the Company is at Red Rice,
Andover, Hampshire SPII 7PW.
Directors
The Directors of the Company are also Governors of the School and its Trustees for the purpose of Charity law.
The Directors serving during the year and since the year end were as follows..
Jane Vyvyan (Chair}
Simon Henderson {Vice Chairl,
Emma Todd (Vice Chairl
Kirsty Anderson
Sir Christopher Ghika
Charles Ingram Evans,
Hugo Keith KC
Dr Dominic Lucl<ett (appointed l August 20241
Fr Oswald McBride Iresigned 9 April 20251
Malcolm Millar,
Gilly Orr.
*lJ
##•
st
** Chair of the Finance Committee,
Members of the Finance Committee
Il# Chair of the Academic and Pastoral Committee, Members of the Academic and Pastoral Committee
Chair of the Public Benefit Committee,
Members of the Public Benefit Committee
The Board of Governors and the sub-committees normally meet three times a year and the Public Benefit
Committee meets twice per year, New Directors are appointed by the Board of Governors, serve for periods
of four years and are eligible for re-election, normally up to a maximum period of 12 years.

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Key Management Personnel
Key management personnel serving during the year were as follows:
Fr Simon Everson, Headmaster
Gareth Mawdsley, Director of Finance & Operations / Company Secretary
Janet Watts, Deputy Head (Academic)
Ben Wood, Deputy Head Iorganisation with Pastoral Oversight)
Sue Wilton, Head of Pre-Prep
Professional Advisers
Bankers
Solicitors
Auditors
HSBC Bank PIC
HCR Legal LLP
Floor 20 South
51 Lime Street
London EC3M 7DQ
Haysmac LLP
10 Queen Street Place
London
West End Area Commercial Centre
2. Floor, 16 King Street
London WC2E 8JF
EC4R IAG
OBJECTS, AIMS, OBJEcfivES AND PRINCIPAL ACTIVITIES
Objects
The objects of the Company are the advancement of Roman Catholic education at Farleigh School, the
furtherance of religion and education in accordance with the doctrines of the Roman Catholic faith, and the
advancement of education, in each case for the public benefit.
Strategic Aim and Intended Effect
The School's strategic aim is to achieve strong pupil attendance of boys and girls, with a strong boarding
element and a particular focus on the Roman Catholic faith, whilst welcoming all faiths or none.
Objectives of the Year
The Board's principal objective is to provide a fina ncially sta ble infrastructure and a lea rning environment that
ensures the education of all Farleigh pupils to a high standard, enabling them to enter an appropriate senior
school for the furtherance of their education.
Mission Statement
Serving Christ in all we do.
Ethos and Aims
Farleigh School's ethos is:
To share with parents in the spiritual, moral and intellectual development of their children in a Catholic
community, which welcomes all faiths;
To provide a first-class education striving for excellence in all academic, cultural and sporting pursuits,
giving every child the confidence to discover where their gifts lie and to enjoy their talents;
To educate children in the teaching and sacramental life of the Church and to encourage them towards
a life of faith;
To create a well-ordered and caring School community, where the self-respect and dignity of each
person will flourish;

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
To help Farleigh pupils to grow up honourably, inspired by high ideals, so that they may serve others
generously, and be strong in friendship and family.
Farleigh School's a ims are..
To ensure the development of the School's pupils, spiritually, morally, socially, intellectually and
cultura Ilv;
To provide a broad and high-quality education for children of mixed ability, which will lay strong
foundations for a fulfilling and rewarding life;
To prepare and educate each child for their senior school;
To make Farleigh a special place for children to enjoy a part of their childhood, through warm pastoral
care of the highest standard.
Principal Activity
The School's principal activity continues to be the academic, spiritual a nd moral development of children aged
3 to 13 through the operation of a co-educational Pre-Preparatory IPre-Prepl and Preparatory IPrepl School.
PUBLIC BENEFIT
The Board has again taken heed of the Charity Commission'5 guidance on public benefit and is satlsfied that
relevant, current activities comply with this guidance. The strong Catholic ethos of the School underpins the
commitment of the School to serving others. The Governors, Public Benefit Committee continues to encourage
and monitor the School's contribution to Public Benefit.
Access to the School
The Board continues to offer opportunities to children who would not, for financial reasons, normally be able
to attend Farleigh. During the year, the School has offered two places for transformational, IIO¥o bursaries,
for children identified in conjunction with the Royal National Children's SpringBoard Foundation.
Community Outreach
Pupils are encouraged to think beyond themselves. They have the opportunity to engage with the wider
community through first-hand experience with charity projects, both loca Ily and further afield. These include
a relationship with Icknield Special School in Andover of more than 20 years, standing, whereby the severely
d isabled children in their care play with Farleigh pupils weel<ly, using the School's space and facilities. Farleigh
children also spent time with elderly residents at local care homes. A local charity, founded and run by past
Farleigh parents, Kids on Track Andover, used Farleigh's facilities, and outdoor holiday games and activities
were run in the spring and summer holidays for current pupils and local children. There has been faith
collaboration with St John the Baptist Primary School in Andover and the Marist School in Ascot. A number of
other local primary schools have used the School's swimming pool for lessons, with transport a5515tance being
facilitated by Fa rleigh where required.
Religious Support
As part of the Parish of Stjohn the Baptlst, Andover, Frsimon, as Chaplain and Headmaster, celebrated Sunday
Mass in the Chapel throughout the year. Fr Simon also provided pastoral support to members of the Parish in

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
the form of funerals, baptisms and weddings as required. £14,21912024 - £12,669} was donated to Parish
funds, raised from Cha pel collections.
Sporting & Other Facilities
The School's grounds, sports facilities and music school were used for community activities during the
school holidays. This year these included..
Kids On Track Andover used the Theatre, Sports Hall, Recital Hall, food technology laboratory, all-
weather pitch, grounds and School minibuses during the holidays.
The swimming pool was open to 15 local primary schools, 9 of which we facilitated transportation, 3
external swim schools, local residents, groups, individua I loca I residents, and Farleigh fa milies.
Alpha Away Day faith classes were hosted by the School.
Shoes On Theatre used the Theatre for a workshop during the summer holidays.
Recital Hall was used by the 'Help For Heroes Choir, to rehearse for a concert
Books At The Barn used our theatre to host talks for the local community by Fran1( Gardner and by
Robert Ha rris
The Red Rice Association had their annual reunion picnic and tour in the grounds
The Andover Triathlon was held on the schools grounds land in the swimming pool) during the
summer holiday5
Sarum Orienteering Club held a competition in the grounds in the summer holidays
Calmore Cricl<et Club hired a minibus to tour and play matches on the low
Andover Mind hired a minibus for a visit to Garden for Mind at the Leckford Estate.
Local community use of the all-weather pitch by Andover Hockey Club throughout the year
Local community use of the netball courts by Andover Netball Club throughout the year
Local community use by Andover New Street Vixens Football Club IUII Girls) used the all-weather
pitch for practice every Monday during the summer holidays
Local community use of the all-weather pitch every Saturday morning for hockey practice
Local community use of the all-weather pitch every Thursday evening for touch rugby practice
Charity Fundraising
Funds for charity are raised collectively, as a whole School community, and a150 by small groups of pupils or
ind ividuals. In total the School raised £8,204 for charity during the year. The School identified and supported
two main charities: Mary's Meals {£3,8071 and Purple Oak Support1£2,687}. In addition to these charities, the
School continued to support local charities., Kids on Track, the Andover Foodbank and Countess of Brecknock
Hospice.

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENT5 (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
STRATEGIC REPORT
Financial Review
Total income for the year amounted to £11,655,353 {2024: £11,581,620), including £531,74812024.' £508,406)
of trading income. The increased income was largely driven by investment income and VAT reclaimed on
purchases before registration. The increase in income was offset by the decision to reduce the school fees for
the Spring and Summer Terms of 2025 by 4.2Yo, to mitigate the impact on parents of the imposition of VAT on
school fees; this measure cost circa £200,000 but supported a phased approach for parents that maintained
pupil numbers.
Total expenditure amounted to £11,202,67412024,' £11,372,850), with the fall compared with 2024 largely
due to the School becoming VAT registered in the year. The capital goods scheme reduced depreciation, and
expenditure is now shown at net C05t for 2025. The changes to the Employers, National Insurance
Contributions (increasing the percentage contribution as well as reducing the threshold from which it is paid)
has also had an impact on staffing expenditure. Similarly, the removal of the previous 80Yo Mandatory Business
Rates Relief has added further costs to the school. As this removal only impacted on the period April-j uly 2025
in this reporting year, this removal will have a greater impact in subsequent financial years.
The surplus funds generated during the year and available for reserves or reinvestment in the facilities of the
School were therefore £452,67912024: £208,770). Cash and cash equivalents have decreased by £917,107
during the year due to a decrease in fees received in advance, of £1,389,208, The closing bank and cash balance
was £4,468,953.
Reserves
The unrestricted funds of the Group (including fixed assets) increased by £430,986 to £16,903,466 at the year
end. The net book value of tangible fixed assets, includ ing la nd and buildings, was £15,711,681 resulting i n
free reserves of £1,191,785. Careful management of short-term liquid resources, ensures that the need for
day-to-day working capital is met. The School's policy for free reserves, which are the unrestricted reserves
less fixed assets, is still to build free cash reserves generated from the running of the School to £1.25m and
strategica Ily to invest surpluses in developing the buildings, eq uipment, staff and resources.
Assistance with Fees
In addition to the IIOYO bursaries for children identified in conjunction with the Royal National Children's
SpringBoard Foundation, the School offers means-tested fee support to those who are unable to afford full
fees. This year bursaries were awarded to 21 pupils12024,' 19}, amounting to £229,52012024.' £183,917), The
total fee assistance amounted to £709,601 {2024: £629,738).
Investment Performance
Any uncommitted funds are placed on deposit, Interest received in the period amounted to £185,46012024'.
£87,351). There was a significant increase in this amount in 2024-25 as a result of the larger number of fees
that had been paid in advance by parents ahead of the introduction of VAT, with these monies put aside into
higher interest accounts.

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Revaluation
As part of the transition to FRS102 a revaluation was carried out in 2015 by independent valuers of the land
and property of the School. As at 31 July 2015 {date of transition to FRS 1021 the freehold property and land
had a fair value of £24m. For prudence, as in previous years, the Board continues to show the revalued figure
for the land but not the property in the balance sheet. This is reflected in a revaluation reserve within
unrestricted funds, The changes to the school's VAT liability means that the cost of any f uture rebuilding worl<
would no longer include VAT and thus reduces any potential exposure in this area.
REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR
Pupil numbers
Pupil numbers continued to be strong, averaging 448 {2024: 4721 over the year. Boarding is an important part
of the School's life with over 28Yo of Prep school pupils full or weel(ly boarding. Flexi-boarding is a Iso availa ble
as is boarding over Exeat weekend5 for those children who need to access It lin particular those from overseas
and military families).
Operational Performance and Compliance
Having been inspected by the Independent Schools Inspectorate in the Spring term of 2025 and found to be
fully complia nt, with a rarely-awarded Significant Strength - 'Pupils' understa nding of the dignity of the human
person is evident in the way they respect and are demorlstrably kind to each other. Their positive behaviour,
which strongly reflects the school's ethos, is a significant strength of the school" The School continues to
adhere to the standards in the schedule to the Education Ilndependent Schools Standards) Regulations 2014,
the National Minimum Standards for Boarding Schools 2015, and relevant requirements of the statutory
framework for the Early Years Foundation Stage, and associated requirements. The school was also inspected
by the Catholic Schools Inspectorate in Spring 2025 and was found to be fully compliant with the expectations
in the 3 strands of Catholic life in schools, achieving the highest grading of l in all areas.
Teaching and Learning
Prep school
Duri ng the year, all pupils at Fa rleigh, a non-selective school, made excellent progress across various aspects
of school life, despite many starting with low academic scores. Through outstanding teaching, pupils made
significant progress. Pupils in Year 8 secured twenty-five scholarships at a variety of seconda ry schools in a full
range of subjects from Art, Music, Drama, Sport and Academic. Other Year 8 pupils performed extremely well
in Common Entrance ICE) exams with excellent results and numerous top grades. The school was very
successful at getting pupils into some of the most prestigious senior schools, such as Radley, Ma rlborough,
Eton and Winchester.
The school's excellent pre-assessment preparation programme, including interview practice and the use of
online platforms forverbal and non-verbal practice helped the Year 6 and 7 pupils successfullygain places into
senior schools, through the pre-assessment route, including to schools such as Eton and Winchester College.
The school's well-planned curriculum combines tradition with innovation. The curriculum is planned around
tradition regarding preparing for the common entrance exams ICE) and the National curriculum and planned
around all abilities, so pushing the more able and supporting those with needs. The curriculum is innovative
with the use of technology and iPadsfor all pupils in Year 6 to 8 as well as a well-planned computinE curriculum

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
teaching coding and numerous Science, Technology, Engineering and Mathematics ISTEMI activities. Pupils
are also extended through enrichment for all, and in Year 7 and 8 the curriculum includes an excellent
programme of Enrichment where pupils study topics that go beyond the curriculum, that are thought-
provoking and seek to nurture intellectual curiosity in young people. This is in addition to assemblies where
current affairs are discussed. Topics such as Islam, Religious art and China
looking to see if China is a
surveillance state, a re covered.
Pupi15 in the lower school (Years 3 to 51 continue to make excellent progress in reading, writing and
mathematics and achieved great success right across the breadth of the curriculum. Their studies continue to
be enhanced by several trips, which link their studies with practical activity, for example, learning about the
Celts at Butser Farm and the Tudors at Hampton Court. The term ended with an activities week helping to
develop character and social skills, and this involved camps, a Year 5 trip to Dorset to take part in water
activities and other fun activities such as cycling in the New forest.
Pre-Prep school
The numbers in Pre-Prep have remained positive for the year 2024-25, with class sizes in Year 2 increasing to
19 in each class by the end of the summer term, and strong numbers in Year l. In Reception the cohort was
slightly smaller but still operating as 2 classes with 13 and 12 in each class.
Kindergarten numbers were
smaller, which is ref lective of many EYFS settings where the birth rate has declined and families wishing to
move to the area have struggled to find housing. In Kindergarten a tria I bega n for children starting the term
after they turn three, rather than the year after they turn three. This was taken up by three families by the
summer term. Going forward, this will become the norm for children to begin Kindergarten the term after
they turn 3.
The very experienced staff team of teachers and teaching assistants are all committed to giving every child the
best education, tailored to different learning styles and taking account of children's individual barriers to
learning. Pre-Prep staff are supported well by the learning Support team, who take children for individual
lessons to boost their learning and share their knowledge and expertise with class teachers to enable all
children to access the curriculum as being good. The va ried activities to give meaningful learning opportunities
were recognised in the ISI inspection
The high standards expected in all year groups are met by the regular monitoring of books, lesson observations
and pupil progress meetings, alongside drop-in informal lesson observations and regular pastoral and
assessment discussions. Termly Open Mornings have provided parents with opportunities to see their child's
learning and talk it through with them in the classrooms. Termly Parents Meetings also provide the teachers
and parents the opportunity to discuss learning and successes or identify where additional support could be
provided. In Reception and Year I classes parents are invited in termly to Phonics workshops SO that they can
learn, understand and be able to Support the very specific Little Wandle phonics and reading scheme at home.

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Regular assessments in all aspects of Literacy.. phonics knowledge, reading and spelling provide detailed
information about the children's academic progress, which is tracked throughout the year. Termly writing
assessments are used to evaluate writing ability, and next steps in learning. In Maths, the White Rose Maths
scheme has been introduced to to provide more structure to the Maths curriculum and termly assessments
through White Rose Maths assessments, and end of year Progress tests provide accurate data and a means to
compare the learning of both the year group and individual learning. These assessments are consistent with
assessments in the Prep School and provide a track of standardised assessment data as the children move
from Pre-prep to the Prep School. As the children join the Reception classes two different baseline
assessments la standardised online in-depth assessment, and an informal baseline based on initial teacher
assessmentsl provides teachers with a wealth of information and there has been clear evidence of value added
in their learning throughout the year. This information is used throughout a child'stime at Farleigh to monitor,
track and support learning achievements.
The Learning Support department and the Pre-Prep intervention teaching assistant have helped identify and
fill gaps in learning and assist in the provision of support both in the classroom and with individual
support. Support is given for Speech and Language, Phonics, Reading, Numeracy and social interaction skills.
Noticeably there is a much greater need for speech and language support amongst the younger pupils as they
join-with mispronunciation, the inability to speak in sentences, and a narrow vocabulary base much more
common- resulting in more need for Speech and Language intervention.
Use of the grounds land particularly the Pre-Prep Woods) continue5 to be a huge asset for children's learning,
and is often cited as a reason new families join Pre-Prep. There is now a structured scheme of Forest skills
acquisition in place alongside a progression of activities developed by a Bushcraft trained member of the
grounds team, working alongside the class teachers. The use of the woods and the opportunities offered is
a Iways a l<ey place to show prospective fa mil ies, who recognise the lea rning asset that it is. A very successful
parents, afternoon of playing in the pre-Prep Woods was welcomed by almost every Pre-Prep family in the
summer term.
In the summer term the Governors supported plans to revitalise Kindergarten through redecorating and
purchasing more high-quality outdoor resources and indoor furniture, to redevelop the outside continuous
provision areas and ensure that prospective parents see that our high quality provision for learning begins
with the youngest pupils. The Pre-Prep outside walls, and atrium were also redecorated and new signage
provided.
Sport
Sport at Farleigh is thriving, with pupils, participation, enjoyment, and performances results all very strong.
Specialist staff have coached to the highest standards resulting in excellent progress for all pupils; the first-
class facilities and equipment have enhanced pupils learning and provided them with an exclusive sporting
experience, and the commendable organisation of fixtures, festivals, and tournaments have enabled all pupils
to engage in healthy competition, and kept Farleigh on the map in National competitions.

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
The sport provision includes PE lessons, swimming le55ons, games training sessions, competitive fixtures,
festivals, tournaments, a nd additiona I sporting opportunities in the activity programme. PE le550ns delivered
from Kinderga rten to Year 8 are taught by well-q ualified specia lists a nd focus primarily on providing a broad
and varied curriculum to develop the children's physical literacy. The games programme, for Year l and above
15 designed to develop the children's understanding of healthy competition, spatial awareness, tactics, and
skill acq uisition. The major sports on the games, curriculum are rugby, football, netball, hockey, a nd cricl<et,
and all pupils also participate in inter-house competitions. Swimming lessons are taught from the Spring Term
of Kindergarten to Year 5, and for pupils in Year 6-8 swimming is conducted as part of PE lessons with fitness
and lifesaving as the focus. The curriculum promotes physica l activity for life a nd celebrates each and every
child's movement capability, so that through a broad and balanced offering of activities all pupils are
empowered to achieve and enjoy physical activity. We are also introducing a new element to the sports
programme where the boys will be playing hockey and the girls will be playing football in the spring term. This
will give our children a broad range of sporting experiences and prepare them for life in their senior schools.
The sports, provision extends beyond the school day, with tennis lessons during lunchtime and after school.
Furthermore, an extensive ra nge of sports is on offer as part of the extra-curricular provision includ ing golf,
dance, gymnastics, rugby sevens, lacrosse and badminton. In addition, sport and coaching sessions are offered
as part of the holiday courses which are organised for children at Farleigh and the local community. These
popular activities are primarily led by the sports team. The programme includes multi-activities, swimming,
football, criclcet, gymnastics, athletics, bushcraft, cooking, music lessons, and arts a nd crafts.
Farleigh has also had great success in sporting competitions run by the Independent Association of Prep
Schools IIAPSI, with child ren representing a nd excelling in every sport this yea r. This yea r more child ren than
ever before represented the school, qualifying for the IAPS national com petitions in hockey, netball, cricl<et,
and athletics. The Year 8 cohort achieved seven Sport Scholarships this year.
Creative and Performing Arts
Music
Farleigh continues to be a school renowned for the quality of its muslc Wlth 83Yo of pupi15 involved in
extracurricular music through individual singing lessons, ensembles of both. The department employs a team
of nineteen members of staff. Three pupi15 departing from Farleigh in the summer of 2025 gained music
scholarship awards to their chosen senior school (Ampleforth, Canford and Wellington College).
There have been numerous performing opportunities during the year, with more than one concert each week.
These ranged from frequent early-evening Informal Concerts to more formal concerts held later in the
evening. We have enjoyed many solo and ensemble contributions at these: 'Music for the Screen, the annual
St Cecilia Concert, 'An Evening of Solo Song,, an outstanding 'Concerto Concert, in which our pupils performed
solo repertoire accompanied by a small orchestra formed of our peripatetic music teachers, 'Swing into
Spring,, the Summerchoral Concert and, notforgetting Farleigh's mini-Glyndebourne, the Summer50irée. We
welcomed external musicians to adjudicate our 118 pianists in the 2024-25 Piano Festival and at the Battle of
the Bands,There have been performances forour localcommunity atthe Good Festival in Dummerand further
afield in Sherborne, in Wells and at Downside Abbey.

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
One hundred and sixty five pupils took music exams with the ABRSM, Trinity or RSL exam boards during this
academic year, ranging from Grades 1-7 la 120/0 increase on the previous year). Seven pupils tool< Grade 6 and
three pupils took Grade 7, all earning a Merit or Distinction whilst a further 11 pupils took Grade 5 with 700
of those gaining a Merit or Distinction, Overall, 660/0 of pupils were awarded a Merit or Distinction in their
exams with an average mark of 81Yo la Merit).
In addition to the regular use bythe Music Department and widerschool community, the Recital Hall was used
by Kids on Track for their holiday camps, for a local dance group who raised over £1,000 for charity, and by
the Alpha Youth Day foundation.
Art
The Art Department remains a positive, inclusive, creative space where pupils come both during lessons and
in their own time to explore and develop their individual and class-based artistic and innovative ideas. This
year was eventful, with three Art Scholarships awarded and we held an Art Scholars, Exhibition alongside the
'Moments That Matter, competition run by The Countess of Brecl<nocl( Hospice in Andover. The children in
Years 3, 4, 5, and 6 each created an individual entry, allowing this to also act as a house competition, with
many emotive subjects depicted and contributing to a very high standard of worl<.
Throughout the Prep School, children have created an impressive variety of artworl<, now displayed across the
school. Highlights include Year 4 experimenting with watercolour techniques such as wax, tape, and salt to
produce African batil(-inspired pieces; Year 5's vibrant paintings influenced by colourist artists, as well as
expressive charcoal studies of elephants,. and Year 6's screen prints exploring the beauty of water ripples,
linl<ed to themesof appreciating and caring for nature within Catholic Social Teaching. Year7 pupils undertool(
the ambitious challenge of designing and constructing ceramic sculptures inspired by organic patterns and
textures in nature, while Year 8 completed their ceramic lamps, created beautifully designed and painted silk
ties and scarves, and developed their sl<illsthrowing pots on the wheel. Earlier in the year, pupils also enjoyed
a high ly successf ul etch ing and monoprinting worl<shop led by Gunning Arts Printers.
Drama
During the 2024-25 academic year, 318 pupils across Years 3-8 have performed in a play, musical or drama
showcase. Five pupils were awarded Drama Scholarships, while two pupils were accepted into the British
Youth Music Theatre 2025 Company. These two pupils, having prepared their audition pieces here at school,
Spent the summer performing in Theo in Between, a new musical at Leeds Carriageworks. One pupil
successf ully auditioned for Sylvia YoLJng Theatre School, a specialist performing arts school with working child
actors and those training for a career on the West End stage. After an acting, singing and dance audition, he
was given a place for September but turned it down in favour of staying at Farleigh.
Our 98 Drama Ambassadors (pupils from Years 6, 7 and 8 who sign up for enrichment drama classes in the
evening) have had a busy year, performing various plays. Pig Heart Boy,, 'Knock, Knock, and 'The Wardrobe,.
They have also supported other cohort productions in the following roles.. lighting operator, Sound operator,
stage manager, asslstant stage manager, prop-maker and stage crew. Over 70 pupils from across Years 7 and
8 went on a trip to see Oliverl at Chichester Festival Theatre so those who were in Year 8 could analyse the
show in their scholarship portfolio and interview.
io

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Alongside our informal showcases across Lower School, Year 6 performed well in Mary Poppinsjr, where every
pupil in the year group chose to perform and approached the project with great enthusiasm. Year 8 impressed
their audiences with their performance of Oliverl which included all bar one pupil from the year and delivered
a hugely enriching experience for all the pupils who took part.
This year's LAMDA grade average was 83%. 149 pupils across Years 4-8 took the exam. 121 pupils scored over
80Yo (Distinction) and 27 pupils scored over 65Yo Imeritl but the majority were only a few marl<s off a
Distinction. Our school theatre was used by Kids on Track, Books at the Barn and Shoes on Theatre.
Chapel
The Chapel is at the heart of School life for pupils, staff and visitors. On Sundays, Mass is celebrated for
boarders, residents and members of the public, and the Chapel is usually full. All collections are sent to the
Parish Church of St John the Baptist, Andover. The Mass continues to be livestreamed for the benefit of those
who are unable to attend in person.
Collective Worship, School Masses and daily Masses take place in the Chapel as well as other services.
Baptisms, Marriages and Funerals also take place in Chapel throughout the year and all in liaison with the
Parish Priest. There are also home visits to parishioners and cover offered for Ma5se5 in local parishes as
needed.
The Chapel is also a place of quiet reflection and prayer throughout the week. In addition, First Holy
Communion and Confirmation Masses are celebrated in the School. The Rt Rev'd Philip Egan, Bishop of
Portsmouth, visited Farleigh in May to celebrate Conf irmation.
Regulation of Fundraising
Fundraising is overseen and monitored by the Board of Governors. No complaints were received regarding
the function, nor were there any requests for suppressions from the Fundraising Preference Service, and no
vulnerable persons were solicited for funds. No outside organisations were used for the purposes of soliciting
funds during the period. Any donations solicited are requested and administered in accordance with the UK
Fundraising Code of Conduct and in accordance with the School's GDPR-compliant Fundraising privacy policy,
which outlines the measures ta ken to fundraise tra nsparently, fairly a nd in accordance with lawful practices.
li

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
PLANS FOR FUTURE PERIODS
The Governors held a strategy day in the summer at which they discussed future plans. To ensure the long-
term success of the School they determined to continue to develop the curriculum, with particular regard to
extended thinl(ing, to ensure the Catholic identity of the School and further to enhance the boarding
provision.
The Governors a Iso decided to continue investment in the School's infrastructure which has included an a11-
weather pitch120151, a new music school120161, improved boarding facilities120171, improved IT facilities
and Pre-Prep playground 12017}, enhanced boys, sports changing rooms and catering facilities 120181,
expanded and refurbished dining room120191, three additional classrooms12021}, refurbished Theatre and
girls, changing rooms {2022}, a refurbished wing of the senior boarding house {20231 a nd the insta Ilation of a
large number of solar PV panels120241. In the summer of 2025 the school replaced its sewage treatment plant
Iwhich will significantly improve the water quality returned to the environment) and the main boilers and
associated pla nt to provide heating a nd hot water to the ma in school building. I n both cases, the infrastructure
replaced was over 20 years old.
The School will continue to invest in IT assets in support of both learning and administration a5 well as
continuing to enhance the School's cyber security.
Future plans include the possibility of ref u rbishing a further wing of the senior boarding house and exploring
the options around increased nursery-age provision, both in terms of age groups and in year-round
accessibility. The school is also exploring a renovation and extension of the main Sports Hall to provide
additional facilities for both pupils and community use.
RISK MANAGEMENT
The Governors maintain oversight of the risks facing the Cha rity as an educational trust as well as the School
as an operating entity. Major risl<s are assessed, and the systems and procedures designed to manage those
risks are reviewed. Internal controls and other means of m itigating the risl(s, such as a ppropriate insurance
cover, are in place. Governors have third party indemnity insurance.
Principal Risks and Uncertainties
A review of the Charity's Risk Management process is undertaken by the Board at each of its routine meetings.
The key controls used are:
Formal agendas for all Board and committee meetings,.
Terms of reference for all committees;
Comprehensive planning, budgeting and management accountinE,'
Esta blished orga nisational structures and lines of reporting;
Formal written policies;
Clear authorisation and approval levels; and
Use of vetting procedures as required by law for the protection of children.
12

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
The principal risl<s currently facing the School, and the strategies for mitigating those risks, are managed
using the Icey controls above and can be summarised as follows..
The cumulative effect of the imposition of VAT on school fees as well as increased school fees as a
result of the loss of the Mandatory Business Rates Relief, the increase in Em ployers, National
I nsura nce Contributions, national demographic cha nEes and sustained inflationary pressures, may
see a consequent reduction in pupil numbers beyond the 6Yo reduction from 2023-24 into 2024-25;
and then 4% reduction from 2024-25 into 2025-26. Scenario planning has been used to identify the
means of managing a reduction in income.
Cyber-attack lead ing to the fa ilure of IT systems and access to data. Susta ined investment is being
made to ensure that the School'5 data continues to be managed securely and efficiently, and that
Farleigh's pupils benefit from new technologies.
An allegation of abuse by a current pupil against a past or present member of staff. To mitigate this
risk child protection and safeguarding policies, procedures and training are given the very highest
consideration and effort.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment of Governors
Governors are elected at a meeting of the Board of Governors on the basis of nomination5 forwarded by the
Nom inations Sub-committee after due consideration of their eligibility and suita bility to fill any vacancie5. The
Board comprises between 8 and 12 members, of which at least a two thirds majority have been Roman
Catholics during the year. Governors serve for periods of four years and after re-election can normally serve
up to a maximum term of 12 year5 (although this may be extended in certain circumstances agreed by the
Board to ensure consistency and continuity}.
Governor Induction and Training
New Governors are inducted into the workings of the Company and the School through briefings by fellow
Governors and key executives, and the provision of a comprehensive information pack. A visit to the School
soon after election and attendance on a course for new Governors, run by the Association of Governing Bodies
in Independent Schools IAGBISI, is arranged. Ongoingtraining is made available forall Governorsand isfunded
by the School.
Key Management
The Governors consider that they, together with the Head, the Director of Finance & Operations and the senior
managers, comprise the key management {see note 7 to the accounts). The Governors give their time freely
and the pay and remuneration of the Head and senior staff is regularly reviewed by the Finance Committee
A number of criteria are used in setting pay, including..
Nature of the role a nd responsibilities
Competitor salaries in the region
The sector average salary for comparable positions
Trends in pay
13

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Governance
The Board of Governors determ ines the general policies of the School and is legally responsible for it5 overall
management and control. The Board complies with the Code of Governance for Charities and Institutions of
a Public Character11 Pcs) (April 2023).
The Governors meet as a board at least once each term to consider business brought to them by sub-
committees, the Headmaster and the Director of Finance & Operations. The two principal sub-committees,
the Academic and Pastoral sub-committee and the Finance sub-committee, meet at least termly, in advance
of the main meeting. The Public Benefit sub-committee meets twice per year, in the summer and autumn
terms. The day-to-day rurlning of the School is delegated to the Headmaster who is assisted by the Director of
Finance and by senior managers.
The School is a member of the Independent Association of Preparatory Schools IIAPS}, the Boarding Schools,
Association IBSAI, the Association of Governing Bodies in Independent Schools IAGBIS}, the Independent
Schools, Bursars Association IISBAI a nd the Catholic Independent Schools, Conference ICISCI.
Having routinely considered budgets, reserves, cash flow projections, risk and business plans (including the
introduction of VAT from I, January 2025 and increases to the National Minimum Wage, to the increased
Employers, National Insurance contributions land lowered threshold), and the removal of the Mandatory
Busi ness Rates Relief from I, April 20251, and having ensured that the School has effective internal financial
controls, the Governors are satisfied that the Accounts have been prepared on a going concern basis. The
Governors have also satisfied themselves that despite the risks identif led in this report, and in particula r the
unl<nown nature of future pupil numbers, the School has conducted initial scenario-planning to reassure
Governors that it has the ability to pay its debts not only for the next year, but for the foreseea ble future.
14

FARLEIGH SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE GOVERNORS ON THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
STATEMENT OF DIRECTORS, RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS
The Directors Iwho are also Trustees of the Company for the purposes of Charity lawl are responsible for
preparing the Directors, Report {including the Strategic Report) and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted
Accounting Practice).
Com pany law requires the Directors to prepare financia I statements for each financia l year, which give a true
and fair view of the state of affairs of the charitable Company and the Group and of the incoming resources
and application of resources, including the income and expenditure, of the charitable Company and the Group
for that period. I n preparing these f ina ncial statements, the Directors are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP 2019 IFRS 1021,.
make judgments and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any
material depa rtures disclosed and explained in the fina ncia I statements;
prepare the fina ncial statements on the going concern basis unless It is inappropriate to
presume that the charitable Company will continue in operation.
The Directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the charitable Company and the Group and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable Company and the Group and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
AUDITORS
On 18 November 2024 the company's auditor changed its name from Haysmacintyre LLP to Haysmac LLP.
In accordance with the Charitie5 Act 2011, a resolution proposing that Haysmac LLP be appointed as Auditors
of the Charity will be put to a General Meeting. Haysmac LLP are deemed to be appointed undersection 487121
ofthe Companies Act 2006.
The Board of Governors confirms there is no relevant information of which the auditors are not aware. They
have taken all steps they ought to have taken to mal<e themselves aware of any relevant audit information
and to esta blish that the auditors are awa re of this information.
th
The Director5, and Strategic reports are approved by the Board at its meeting on 13 November 2025 and
signed on its behalf by..
Mrs J Vyvya
Chair of Governors
15

FARLEIGH SCHOOL TRUST LIMITED
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FARLEIGH SCHOOL TRUST LIMITED
FOR THE YEAR ENDED 31 JULY 2025
Opinion
We have audited the consolidated financial statements of Farleigh School Trust Limited for the year ended 31
July 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Charitable
Company Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements,
including a summary of significant accounting policies. The financial reporting frameworl< that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the group's and of the parent charitable company's affairs as at 31
July 2025 and of the group's and parent charitable company's net movement in funds, including the income
and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted ouraudit in accordance with International Standardson Auditing IUI<I IISAS IUI<II and applicable
law. Ou r responsibilities under those standards a re further described in the Auditor's responsi bilities for the
audit of the financial statements section of our report. We are independent of the group 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 suff icient 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
accounti ng in the prepa ration of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as
a going concern for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities a nd the responsibilities of the trustees with respect to going concern are described in the
relevant sections of th is report.
16

FARLEIGH SCHOOL TRUST LIMITED
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FARLEIGH SCHOOL TRUST LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Other information
The trustees are responsible for the other information. The other information comprises the information
included in the Tru5tees' Annual Report. 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.
In connection with our audit of the f inancial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
Statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there is a material misstatement of
this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees, Annual Report (which incorporates the strategic report and the
directors, report) for the financial year for which the financial statements are prepa red is consistent with
the financial statements,. and
the Trustees, Annual Report (which incorporates the strategic report and the directors, report) has been
prepa red 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 group and the parent charitable company and its
environment obtained in the course of the audit, we have not identified material misstatements in the
Trustees, Annual Report (which incorporates the strategic report and the directors, report).
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting records have not been kept by the parent charitable company, or returns adequate
for our audit have not been received from branches not visited by us,. or
the parent charitable company 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.
17

FARLEIGH SCHOOL TRUST LIMITED
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FARLEIGH SCHOOL TRUST LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Responsibilities of trustees for the financial statements
As expla ined more fully in the trustees, responsibilities statement set out on page 15, the trustees {who a re
also the directors of the charitable company for the purposes of company lawl are responsible for the
prepa ration of the fi na ncia I statements a nd for being satlsfied that they give a true and fair view, and for such
interna I control as the trustees determine is necessary to ena ble the preparation of financia I statements that
are free from material misstatement, whether due to fraud or error.
In preparing the f ina ncia I statements, the trustees are responsible for assessing the group's and the pa rent
cha ritable 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 unle55 the trustees either intend to liquidate the
group or the pa rent charitable com pa ny or to cease operations, or have no realistic a Iternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accorda nce with ISAS IU Kl will always detect a material misstatement when it exists. Misstatements ca n arise
f rom fraud or error a nd 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 f inancial 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 extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below..
Based on our understanding of the group and the environment in which it operates, we identified that the
principal risks of non-com plia nce with laws a nd regulations related to ISI regulations, safeguarding regulations,
health and safety law, GDPR and employment law and we considered the extent to which non-compliance
might have a material effect on the financial statements. We also considered those laws and regulations that
have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the
Charities Act 2011, a nd payroll tax.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial
statements (including the risk of override of controls}, and determined that the principa I risl<s were related to
posting inappropriate journal entries to revenue and management bias in accounting estimates. Audit
procedures performed by the engagement team included..
18

FARLEIGH SCHOOL TRUST LIMITED
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FARLEIGH SCHOOL TRUST LIMITED {CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Auditor's responsibilities for the audit of the financial statements (continued)
Inspecting correspondence with regulators a nd tax authorities,.
Discussions with management including consideration of known or suspected instances of non-
compliance with laws and regulation and fraud;
Evaluating management's controls designed to prevent and detect irregularities,.
Identifying and testingjournals. and
Challenging assumptions and judgements made by management in their critical accounting estimates.
Because of the inherent limitations of an audit, there is a riskthat we will notdetect all irregularities, including
those lead ing to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or
a uditorsres
onsibilities. This description forms pa rt of our
auditor's report.
Use of our report
This report is made solely to the charitable company's member5, 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.
Lee Stokes (Senior Statutory Auditor)
For and on behalf of Haysmac LLP, Statutory Auditors
Date: 1411112025
10 Queen Street Place
London
EC4R IAG
19

FARLEIGH SCHOOL TRUST LIMITED
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING CONSOLIDATED INCOME & EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2025
Unrestricted Restricted
Funds
Funds
2025
2025
Total
2025
Total
2024
Notes
INCOME FROM:
Donations and legacies
16,935
11,777
28,712
41,191
Income Charitable activities
School Operating income
10,909,433
10,909,433 10,944,672
Income fron7 other trading
activities
Trading income
531,748
531,748
508,406
Investment income
175,244
10,216
185,460
87,351
TOTAL INCOME
11,633,360
21,993 11,655,353 11,581,620
EXPENDITURE ON:
Costs of raising funds
Trading expenditure
Expenditure on charitable activities
School operating costs
156,369
156,369
117,152
11,046,005
300
11,046,305 11,255,698
TOTAL EXPENDITURE
11,202,374
300 11,202,674 11,372,850
NET INCOME AND NET
MOVEMENT IN FUNDS FOR THE
YEAR
430,986
21,693
452,679
208,770
Reconciliation of funds."
Total funds brought foNard
17
16,472,480
298,421
16,770,901 16,562,131
Total funds carried forward
17
16,903,466
320,114
17,223,580 16,770,901
Comparatives by fund are shown in note 23. All activities are classed as continuing.
There are no other recognised gains or losses than those detailed above.
The notes on pages 23 to 44 form parl of these financial statements.
20

FARLEIGH SCHOOL TRUST LIMITED
CONSOLIDATED AND PARENT COMPANY BALANCE SHEETS
COMPANY REGISTRATION NUMBER 00905522
AS AT 31 JULY 2025
Group
Company
Notes
2025
2024
2025
2024
FIXED ASSETS
Tangible assets
15,711,681 16,346,688
319,395
301,433
15,711,681 16,346,688
319,395
301,433
CURRENT ASSETS
Stock
Debtors
Cash at bank and in hand
10
11
174,108
1,128,127
4,468,953
211,035
491,471
5,386,060
174,108
9,243,289
4,468,953
211,035
8,483,363
5,386,060
5,771,188
6,088,566 13,886,350
14,080,458
LIABILITIES
Creditors falling due within one year
12
(2,661,360) (3,111,552) 12,661,360) 13,111,552}
Net current assets
3,109,828
2,977,014 11,224,990
10,968,906
Total assets less current liabilities
18,821,509 19,323,702 11,544,385
11,270,339
CREDITORS: falling due after more
than one year
13
(1,592,130) (2,551,288) {1,592,130) (2,551,288)
Provision for liabilities
14
{5,799)
{1,513)
(5,799}
(1,513)
NET ASSETS
17,223,580 16,770,901
9,946,456
8,717,538
FUNDS
Unrestricted funds
Restricted funds
17
17
16,903,466 16,472,480
320,114
298,421
9,626,342
320,114
8,419,117
298,421
TOTAL FUNDS
17
17,223,580 16,770,901
9,946,456
8,717,538
The net movement in funds for the Company during the year was £1,228,918 {2024: EI,074,466).
The Financial Statements were approved by the board on .IS ..tyJDveMber 1025.
and signed on its behalf by:
Mrs J Vyvya
Chair
The notes on pages 23 to 44 form part of these financial statements.
21

FARLEIGH SCHOOL TRUST LIMITED
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2025
Total
2025
Total
2024
Notes
CASH PROVIDED BY I{USED IN) OPERATING
ACTIVITIES
21
1764,0081
444,048
Cash flows from investing activities..
Interest income
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed assets
185,460
1788,8521
7,245
87,351
1988,8081
4,000
CASH USED IN INVESTING ACTIVITIES
1596,147)
1897,457)
CASH FLOWS FROM FINANCING ACTIVITIES
Fees received in advance
443,048
3,956,896
CASH PROVIDED BY FINANCING ACTIVITIES
443,048
3,956,896
INCREASEI(DECREASE) IN CASH AND CASH
EQUIVALENTS IN THE YEAR
(917,107)
3,503,487
Cash and cash equivalents at the beginning of
the year
5,386,060
1,882,573
TOTAL CASH AND CASH EQUIVALENTS AT
THE END OFTHE YEAR
4,468,953
5,386,060
CASH AND CASH EQUIVALENTS:
Cash at bank and in hand
4,468,953
5,386,060
4,468,953
5,386,060
The notes on pages 23 to 44 form part of these financial statements.
22

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
ACCOUNTING POLICIES
The accounting policies adopted by the company are a5 follows..
Basis of preparation
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 (Charities SORP {FRS102) Second
Edition; effective l January 20191, the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 and the Companies Act 2006.
Farleigh House Trustee Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initial ly recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy notelsl.
Monetary amounts in these financial statements are rounded to the nearest whole £1 except where indicated.
Group financial statements
The financial statements consolidate the results of Farleigh School Trust Limited and the unincorporated trust
Farleigh House Educational Trust on a line-by-line basis. A separate Statement of Financial Activities and
Income and Expenditure Account for the Charity has not been presented because the Trust has taken
advantage of the exemption affected by section 408 of the Companies Act 2006,
Preparation of the accounts on a going concern basis
Having considered future risks, which are articulated in the Principal Risk Register, and reviewed future
budgets and cash flow forecasts, it is not considered that there are any material uncertainties that would
prevent the group continuing to operate as a going concern in the foreseeable future. The financial statements
have therefore been prepared on a going concern basis.
Income
Boarding and tuition fees are included within the financial statements on a receivable basis. Amounts invoiced
in advance are deferred and carried forward within creditors and accruals, whilst amounts due but not yet
received in the year are shown within debtors and prepayments. Fees from related parties are accounted for
in the same way.
Donations are included within income on a receivable basis. Trading income, which includes monies from
services, renta l and letting, is accounted for on a receiva ble basis.
Fees and similar income
Fees receivable and charges for services and use of premises are accounted for in the period in which the
service is provided. Fees receivable a re stated after deducting allowances, scholarships and other rem issions
granted by the School, but include contributions received from Restricted Funds for Schola rsh ips, Bursaries
and other grants. Fees received in advance of education to be provided in future years under an Advance Fee
Payments Scheme contract are held as interest-bearing liabilities until either taken to income in the term when
used or else refunded.
23

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
I. ACCOUNTING POLICIES (CONTINUED)
Investment income
I nterest receiva ble on sums invested in bank deposit accounts is recorded gross. The compa ny is not liable
to tax on this income,
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to mal<e a payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliably. I rrecovera ble VAT is charged as a cost against the activity for which the expenditure was incurred.
Expenditu re is ana lysed into such categories as to reasona bly enable the user to gain an appreciation of
the company's expenditure during the year. Central staff costs and some overhead expenses are allocated
to activities on the basis of the time spent on those activities.
Governance costs comprise the cost of running the company, including strategic planning for its future
development, a150 external a udit, any legal advice and costs of com plying with constitutiona l and statutory
requirements.
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable activities. Support Costs include office, finance, personnel, payroll and governance costs which
support the cha rity's activities. These costs are identified within administration costs, those costs which
support trading activities are identified separately within trading expend iture.
Pension schemes
During the year, the School participated in a multi-employer pension scheme, the Government's Teachers,
Pension Defined Benefits Scheme, for its teaching staff. This scheme is administered by Teachers,
Pensions. The pension liability under this scheme is not the responsibility of the School. In January 2021
the School also introduced an alternative defined contribution pension scheme for teaching staff the
'Aviva Pension Trust for Independent Schools,. The School also participates in separate multi-employer
schemes for support staff. The Pensions Trust's Growth Plan was the original scheme and still has active
members. Contributions paid into this Plan up to and including September 2001 were converted into
defined benefits. From October 2001 contributions were invested in personal funds which are converted
to pension on retirement. The School pays into personal pension schemes for some support staff and
from April 2014 a new multi-employer scheme was made available under auto-enrolment rules. It is not
possible to identify the assets and liabilities attributable to the School in these schemes. Accordingly,
under FR5102 they are accounted for as if they were Defined Contribution schemes. Further information
on these schemes is provided in note 7.
24

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
ACCOUNTING POLICIES (CONTINUED)
Tangible Fixed Assets and Depreciatlon
Tangible fixed assets are stated at cost, being purchase price, or deemed cost for land and buildings
held at valuation at the date of transition to FRS 102 less accumulated depreciation and any
im pa irment losses. A lower limit of £1,000 is applied to ind ividual items that a re capitalised.
Depreciation is ca Iculated and charged on assets, excluding freehold land, to write off the cost of fixed
assets to their residua I value over their expected useful lives to the group. The a nnual depreciation
rates and methods of calculation are as follows:
Freehold la nd
Freehold property and improvements to premises
Furniture and equipment
Motor vehicles
no depreciation
2.5% - IOYO Straight line
IOYO - 20% Straight line
250/0 Reducing balance
33Yo Straight line
Computer equipment
The valuation of freehold property and improvements to premises has not been updated. Freehold
premises were previously revalued in 1987.
Assets under cor)struction are stated at cost, being the total cost incurred to date with no depreciation
being cha rged until the asset comes into full use.
Deemed cost of fixed assets
Specific fixed assets have been revalued to deemed cost as allowed upon transition to FRS 102 based
on assumptions made by an independent property consultant. The trustees are satisfied that the
assumptions made are appropriate.
Leased assets
The charity classifies the lease of IT equipment, printers and the minibuses as operating leases; the
title to the equipment remains with the lessor and the equipment is replaced every 4-5 years whilst
the economic life of such equipment is at least 10 years. Rental cha rges are charged on a straight line
basis over the lease term.
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 subseq uentlv
measured at their settlement value with the exception of ban1< loans which are measured at amortised
cost using the effective interest method.
25

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
ACCOUNTING POLICIES (CONTINUED)
Borrowing costs
Borrowing costs relati ng to freehold land & buildings or im provements which are directly attributable
to the acq uisition, construction or production of the asset are ca pitalised. All other borrowing costs
are expensed as incurred.
Stocks
Stocks are stated at the lower of their cost, being purchase price, a nd net realisable value.
Debtors
Trade and other debtors are recognised at settlement amount due after any discount offered.
Prepayments are valued at the amount prepaid net of any discounts due.
Creditors and provisions
Creditors a nd provisions are recognised where the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
Critical accounting estimates and area5 of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
The charity mal<es estimates and assumptions concerning the future. The resulting accounting
estimates and assumptions will, by definition, seldom equal the related actual results. The pension
liability provision referred to a bove a nd in note 7 is based on assumptions a nd estimates provided by
The Pension Trust and the Farleigh Trustees are satisfied that The Pension Trust estimates are
reasonable. There are considered to be no other estimates and assumptions that have a significant
risk of ca using a material adjustment to the carrying amounts of assets and liabilities within the next
financial year.
Employee benefits
The cost of employee benefits are recognised as an expense in the period to which they relate.
Termination payments
The best estimate of the expenditure required to settle an obligation for termination benefits is
recognised immediately as an expense when the charity is demonstrably committed to terminate the
employment of an employee or to provide termination benefits.
26

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
ACCOUNTING POLICIES (CONTINUED)
Cash at bank and in hand
Cash at bank and in ha nd includes cash and short term highly liquid investments with a short maturity
Idailyl.
Taxation Status
The charity is an exempt charity and is therefore not liable to Corporation Tax in respect of its
charitable activities,
Fund Accounting
The nature and purpose of each fund is described in note 17.
Unrestricted funds are defined as income realised or generated for the objectives of the group without
further specified purpose and which are available a5 general funds.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure, which
meets these criteria, will be identified to the fund.
Designated funds are to be used for a specific purpose as laid down by the Directors. Expenditure
which meets these criteria will be identified to the fund.
LEGAL STATUS OF THE TRUST
The Trust is a company limited by guarantee and has no share capital. In the event of the Charity being
wound up, the liability in respect of the guarantee is limited to £1 per member.
INCOME FROM DONATIONS AND LEGACIES
2025
2024
Gifts
28,712
41,191
The income from donations and legacies is made up of unrestricted £16,935 {2024.' £30,391} and
restricted £11,77712024: £10,800). The restricted income is made up of £11,777 in respect of the St
Theresa Fund, see note 17.
SCHOOL OPERATING INCOME
2025
2024
Fees
Gross fees
Less.. Total Scholarships, bursaries and allowances
Recharged extras
VAT reclaimed on registration
10,944,590
(709,601 }
554,071
120,373
10,982,964
(629,738)
591,446
10,909,433
10,944,672
27

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
TRADING AND ANCILLARY INCOME
2025
2024
Holiday activities
Clothing shop
Swimming pool
Disbursements and miscellaneous
51,502
74,564
91,680
314,002
68,263
76,084
88,095
275,964
531,748
508,406
EXPENDITURE
2025
2024
Trading expenditure
Cost of goods sold
Clothing shop and swimming pool salaries
Bank charges
Advance fee finance costs
81,785
48,945
5,811
19,828
56,476
47,511
3,889
9,476
156,369
117,152
School operating costs
Teaching salaries and related costs
Administrative staff salaries and related costs
Office costs and supplies
Extras, Disbursements and Trips
Property and grounds
School expenses
Marketing, recruitment and advertising
Scholarships and prizes
Leg21 and professional fees
Provision for doubtful debts
Depreciation and disposal of fixed assets
General expenses
Governance costs (see below}
Irrecoverable VAT
5,095,893
2,277,727
236,283
571,450
938,510
675,735
68,268
6,901
83,748
75,156
872,267
94,545
27,442
22,380
5,076,802
2,081,963
240,884
716,589
1,177,804
708,732
111,082
7,964
72,438
961,362
72,966
27,112
11,046,305
11,255,698
28

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
EXPENDITURE (continued)
Governance costs (including in school operating costs above>
2025
2024
Auditor's remuneration
Governors, training and expenses
25,030
2,412
24,510
2,602
27,442
27,112
SALARIES AND RELATED COSTS
Included within school operating Costs are the following:
WAGES AND SALARIES
2025
2024
Salaries and wages
Employers, Nl
Pension contributions - defined benefits
Pension contributions - defined contribution
5,505,000
596,433
73,596
713,345
5,485,085
532,581
563,465
194,083
6,888,374
6,775,214
The average number of staff are:
2025
2024
Full time
Part time
Full time
Part time
Academic
Administration and support
In class support
64
37
22
41
68
37
20
46
12
110
72
113
78
The number of employees earning over £60,000 was as follows:
2025
2024
Belmeen £60,001 and £70,000
Belween £70,001 and £80,000
Between £80,001 and £90,000
Between £100,001 and £110,000
Between £160,001 and £170,000
Between £170,001 and £180,000
In addition, pension contributions totalling £99,29312024'. £80,810) were made in respect of the above
employees earning over £60,000.
29

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
SALARIES AND RELATED COSTS (continued)
The key management of the Group and Charity are the Governors and senior management team
comprising of the Headmaster, Director of Finance and Operations, Deputy Head of Academic, Deputy
Head of Organisation and Pastoral oversight, and Head of Pre-Prep. The remuneration including benefits
of key management personnel for the group was £628,25112024'. £611,903).
There were no payments to the Governors during the year. During the year I governor had a child at the
school {2024: 21 and fees were paid on normal terms. The wife of S Henderson works in the Music
department and is paid a salary under normal terms in accordance with the Farleigh School pay-scale. S
Henderson is a governor of the School. The School has paid for Trustee Indemnity Insurance for the year,
the insurance premium is £2,31112024: £2,199).
There were termination payments of £64,795 made to staff during the year12024: £22,105}.
PENSION AND SIMILAR OBLIGATIONS
Teachers, Pension Scheme
The School participates in the Teachers, Pension Scheme I'the TPS'I for some of its teaching staff. The
pension charge for the year includes contributions payable to the TPS of £49,90812024: £543,328) and at
the year end £012024.. £65,308) was accrued in respect of contributions to this scheme.
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 las
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.
The employer contribution rate is set by the Secretary of State following scheme valuations undertaken
by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared
as at 31 March 2020 and the Valuation Report was published in October 2023. The Valuation Report
shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.
The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme
ad m inistration levy of 0.08Yo giving a total employer contribution rate of 28.68%.
The Schoo5 had previously implemented phased withdrawal from the TPS with effect from l April 2022
and since that date the school has only offered the Aviva Pension Trust for Independent Schools {APTISI
to teachers joining Farleigh School. The School then fully withdrew from the TP5 with effect from 31"
August. Consequently, from I September 2024 all teachers at Farleigh School are now in the APTIS
Scheme.
30

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
SALARIES AND RELATED COSTS (continued)
PENSION AND SIMILAR OBLIGATIONS {continued
The Aviva Pension Trust for Independent Schools {APTISI
Following the increase in the employer contribution rate to the TPS from 16.4Yo to 23.6% in September
2019, the School entered into consultation with all teaching staff rega rd ing changes to their pensions.
Subsequent to consultation an alternative, defined contribution pension scheme, the Aviva Pension Trust
for Independent Schools IAPTISI, was introduced for teachers on I, January 2022. Teachers were given
the option to either stay in TPS and accept a reduction in gross salary or join the new APTIS scheme.
In the year ended 31 July 2025 the pension cost charge for this scheme amounted to £666,23912024:
£147,380). At the year end there was a creditor of £24612024: £nil).
The Pensions Trust Growth Plan
The company participates in the scheme, a multi-employer scheme which provides benefits to some
521 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not
Possible for the company 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
Actuaria I Standards issued by the Fina ncial Reporting Council, set out the framework for funding def ined
benefit occupational pension schemes in the UK.
The scheme is classified as a 'last-ma n standing arrangement, Therefore, the company is potentially liable
for other participating employers, obligations if those employers are unable to meet their sha re 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 £514.9m, liabilities of £531.Om and a deficit of £16. Im. To eliminate this funding shortfall, the
Trustee has asked the participating employers to pay additiona I contributions to the scheme as follows:
Def icit contributions
From l 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 2025 applies.
31

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
SALARIES AND RELATED COSTS (continued)
PENSION AND SIMILAR OBLIGATIONS {continued)
The Pension5 Trust Growth Plan (continued)
Note that the scheme's previous valuation was carried out with an effective date of 30 September 2020.
This valuation showed assets of E800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this
funding shortfall, the Trustee asked the pa rticipating em plovers to pay additional contributions to the
scheme as follows:
Deficit contributions
From l April 2022 to 31 January 2025:
£3,312,000 per annum
Ipayable monthly)
The recovery plan contributions are allocated to each participating employer in line with their estimated
share of the Series l and Series 2 scheme liabilities.
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the
company recognises a liability for this obligation. The amount recognised is the net present value of the
def icit reduction contributions payable under the agreement that relates to the def icit. The present va lue
is calculated using the discount rate deta iled in these disclosures. The unwinding of the discount rate is
recognised as a f inance cost.
The net present value of the provision has been calculated by the Pensions Trust for the company as
follows:
20251£,000)
2024 (£,000)
2023 (£,000)
Net present value
Discount rate
4.33Yo
5.23Yo
Under FRS102 this has been included as a provision for liability in the accounts.
5.98%
In the year ended 31 July 2025 the pension cost charge for support staff included in The Pensions Trust's
Growth Plan amounted to £3,96612024'. £3,561) and deficit contributions of £6,26012024.' £6,614). At
the year-end there was no creditor except the provision above.
Other Pension Schemes
A multi-employer, auto-enrolment occupational scheme, set up in April 2014, is available to employees
not eligible for the APTIS orTeachers' Pension Scheme. It is a defined contribution scheme. The assets of
the Scheme are held separately from those of the School in independently administered funds. In the
year ended 31 July 2025 the pension cost charge amounted to £56,95612024.' £46,704). At the year end
there was a creditor of £12,25912024'. £10,843).
32

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
FIXED ASSETS
Group
Land, Freehold
Premises and
Improvements
Furniture
and
Equipment
Motor
Vehicles
Computer
Equipment
Total
CostlDeemed cost
At 1 August 2024
23,318,929
900,798
11,994
316,729
24,548,450
Additions
616,433
76,014
96,405
788,852
Adjustment
(493,163)
138,758)
(12,427)
(544,348)
Disposals
(111,055)
180,883)
(13,808)
(205,746)
At 31 July 2025
23,331,144
857,171
11,994
386,899
24,587,208
Depreciation
At 1 August 2024
7,273,674
656,905
10,650
260,533
8,201,762
Charge for year
714,807
61,482
336
32,526
809,151
Disposals
(49,623)
(71,955}
(13,8081
(135,386)
At 31 July 2025
7,938,858
646,432
10,986
279,251
8,875,527
Net book value
At 31 July 2025
15,392,286
210,739
1,008
107,648
15,711,681
At 1 August 2024
16,045,255
243,893
1,344
56,196
16,346,688
On I, November 2024 the Group was registered for VAT. Total Vat reclaimed on registration relating to
fixed assets was £544,348.
33

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
FIXED ASSETS (continued)
Parent company
Furniture
and
Equipment
Motor
Vehicles
Computer
Equipment
Total
CosUDeemed cost
At 1 August 2024
900,798
11,994
316,729
1,229,521
Additions
76,014
96,405
172,419
Adjustment
138,758)
(12,4271
151,185)
Disposals
{80,8831
(13,8081
194,691)
At 31 July 2025
857,171
11,994
386,899
1,256,064
Depreciation
At 1 August 2024
656,905
10,650
260,533
928,088
Charge for year
61,482
336
32,526
94,344
Disposals
{71,955)
(13,8081
185,763)
At 31 July 2025
646,432
10,986
279,251
936,669
Net book value
At 31 July 2025
210,739
1,008
107,648
319,395
At 1 August 2024
243,893
1,344
56,196
301,433
INVESTMENTS
On l August 2017 Farleigh House Ed ucational Trust cha nged its name to Fa rleigh School Educationa I
Trust (the unincorporated charityl. Farleigh School Educational Trust is the wholly owned subsid ia ry of
Fa rleigh School Trust Limited a nd holds the property assets of the group in trust to ensure it rema ins
availa ble for the purposes of education as laid out i n the group's principal activity. Farleigh School Trust
Limited is the ultimate controlling party.
The Net Assets of the unincorporated charity are £7,277,12412024: £8,053,363) made up of the land
and building assets.
34

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
INVESTMENTS {continued)
The statement of financial activities for the yea r is as follows:
2025
2024
Total Income
Total Expenditure
Net movement in funds for the year
1776,239)
{776,2391
1865,6961
1865,6961
Total funds carried forward
7,277,124
8,053,363
10. STOCK
Group
2025
Group
2024
Company
2025
Company
2024
Stock
174,108
211,035
174,108
211,035
11. DEBTORS
Group
2025
Group
2024
Company
2025
Company
2024
Fees and disbursements
Summer term disbursements
Other debtors
Amounts owed by group entities
Tax
Prepayment and accrued income
94,721
155,641
519,372
97,687
218,641
31,285
94,721
155,641
519,372
8,115,162
113,132
245,261
97,687
218,641
31,285
7,991,892
113,132
245,261
143,858
143,858
1,128,127
491,471
9,243,289
8,483,363
The amounts owed by group entities ar05e from the School paying for building improvements on the assets
owned by Fa rleigh School Educational TrLASt.
35

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2025
Group
2024
Company
2025
Company
2024
Fee deposits held
Trade creditors
Fees received in advance
Fees in advance scheme (see note 151
Holiday pay accrual
Other cred itors and accruals
Pension creditor
Tax and socia I security
30,996
273,997
172,126
1,251,849
464,890
311,415
12,786
143,301
34,928
377,558
118,538
1,643,899
456,247
269,884
78,462
132,036
30,996
273,997
172,126
1,251,849
468,685
307,620
12,786
143,301
34,928
377,558
118,538
1,643,899
456,247
269,884
78,462
132,036
2,661,360
3,111,552
2,661,360
3,111,552
13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group and
Company
2025
Group and
Company
2024
Fees received in advance scheme (see note 151
Fee deposits held
1,377,630
214,500
2,374,788
176,500
1,592,130
2,551,288
14. PENSION PROVISION
Group and
Company
2025
Group and
Company
2024
Opening balance
Movement in provision Inote 71
1,513
4,286
4,403
12,8901
5,799
1,513
36

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
15. ADVANCE FEE PAYMENTS
Parents may enter into a contract to pay to the school tuition fees in advance. The money may be
returned subject to specific cond itions on the receipt of one term's notice. Assuming pupils will remain
in the school, advance fees will be applied as follows..
2025
2024
Within one year
1,251,849
1,643,899
Within one to two years
Within two to five years
Greater than 5 years
721,697
655,933
1,099,047
1,275,741
2,629,479
4,018,687
16. COMMITMENTS UNDER OPERATING LEASES
At 31 July 2024 the charity had aggregate annual commitments under non-cancellable operating
leases for hire of plant, machinery and equipment as set out below..
Group and
Company
2025
Group and
Company
2024
Amounts due:
Within one year
Between one and two years
89,439
140,251
107,278
145,938
229,690
253,216
37

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
17. ACCUMULATED FUNDS
Transfer
Between
Funds
At l August
2024
At 31 July
2025
Income
Expenditure
Group
Unrestricted fund
16,472,480
11,633,360
{11,202,374}
16,903,466
Restricted funds
B Harrison Fund
Callaghan Fund
Rugby Fund
Dodd Fund
St Theresa Fund
1,913
8,271
1,996
760
285,481
1,913
7,971
1,996
760
307,474
13001
21,993
Total restricted funds
298,421
21,993
{3001
320,114
Total Funds
16,770,901
11,655,353
111,202,674)
17,223,580
U nrestricted fund includes a reva luation reserve of £5,919,919.
The 8 Harrison Fund represents monies received from an individual to provide one student with cricket
equipment each year as a form of prize for achievement.
The Callaghan Fund represents monies received to provide awards to students at the end of the
academic year.
The Rugby Fund represents monies received from an individual to provide opportunities to students to
attend rugby trips abroad.
The Dodd Fund supports SEN provision within the School and the purchase of equipment for children
with disabilities.
The 5t Theresa Fund (formerly known as The Dillon Fund) represents donations to enable children from
disadvantaged bacl<grounds to access a boarding education at Farleigh. In 2017 the fund became the St
Theresa Fund with donations made to continue the scheme set up under the Dillon Fund,
38

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
17. ACCUMULATED FUNDS (continued)
Transfer
Between
Funds
At l August
2024
At 31 July
2025
Income
Expenditure
Company
Unrestricted fund
8,419,117
11,633,360 (10,426,135)
9,626,342
Restricted funds
B Harrison Fund
Callaghan Fund
Rugby Fund
Dodd Fund
St Theresa Fund
1,913
8,271
1,996
760
285,481
1,913
7,971
1,996
760
307,474
13001
21,993
Total restricted funds
298,421
21,993
(300)
320,114
Total Funds
8,717,538
11,655,353 110,426,435)
9,946,456
39

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
17. ACCUMULATED FUNDS (continued)
Comparative Figures
Transfer
Between
Funds
At l August
2023
At 31 July
2024
Income
Expenditure
Group
Unrestricted fund
16,285,014
11,560,016 111,372,550)
16,472,480
Restricted funds
B Harrison Fund
Callaghan Fund
Rugby Fund
Dodd Fund
5t Theresa Fund
1,913
8,571
1,996
760
263,877
1,913
8,271
1,996
760
285,481
1300}
21,604
Total restricted funds
277,117
21,604
(3001
298,421
Total Funds
16,562,131
11,581,620 111,372,850)
16,770,901
Transfer
Between
Funds
At l August
2023
At 31 July
2024
Income
Expenditure
Companv
Unrestricted fund
7,365,955
11,560,016 110,506,854)
8,419,117
Restricted funds
B Harrison Fund
Callaghan Fund
Rugby Fund
Dodd Fund
St Theresa Fund
1,913
8,571
1,996
760
263,877
1,913
8,271
1,996
760
285,481
13001
21,604
Total restricted funds
277,117
21,604
13001
298,421
Total Funds
7,643,072
11,581,620 110,507,154)
8,717,538
40

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2025
Group
Unrestricted
Funds
Restricted
Funds
2025
Total
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
15,711,681
5,451,074
(2,661,360)
(1,597,929)
15,711,681
5,771,188
(2,661,360)
(1,597,929)
320,114
Total net assets
16,903,466
320,114
17,223,580
Company
Unrestricted
Funds
Restricted
Funds
2025
Total
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
319,395
13,566,236
(2,661,360)
(1,597,929}
319,395
13,886,350
(2,661,360)
(1,597,929}
320,114
Total net assets
9,626,342
320,114
9,946,456
41

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS (Continued)
2024
Group
Unrestricted
Funds
Restricted
Funds
2024
Total
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
16,346,688
5,790,145
(3,111,552}
(2,552,801)
16,346,688
6,088,566
(3,111,552)
12,552,801)
298,421
Total net assets
16,472,480
298,421
16,770,901
Company
Unrestricted
Funds
Restricted
Funds
2024
Total
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
301,433
13,782,037
{3,111,552)
(2,552,801)
301,433
14,080,458
(3,111,552}
(2,552,801)
298,421
Total net assets
8,419,117
298,421
8,717,538
19. CAPITAL COMMITMENTS
Capital expenditure of £123,99712024: E29,5561 had been authorised by the Governors and was
committed to at the balance sheet date.
20. RELATED PARTY TRANSACTIONS
During the year Nil donations were received from Governors12024: £Nill. There were no other related
party transactions in the current or preceding year.
The wife of S Henderson works in the Music department and is paid a salary under normal terms in
accordance with the Farleigh School pay-scale. S Henderson is a governor of the School.
42

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
21. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
Group
2025
Group
2024
Net movement in funds
Deposit interest receivable
Finance cost on advanced fees
452,679
1185,4601
19,828
208,770
187,3511
9,476
Operating surplus
Depreciation of tangible assets
Decrease/l Increaselin stocks
11 ncreasel/Decrease in debtors
Increase/lDecreasel in creditors
Advanced fees drawdown
Loss on disposa l of fixed assets
Fixed asset adjustment
Movement in provisions for liabilities
287,047
809,151
36,927
1636,656)
120,1421
11,852,084)
63,115
544,348
4,286
130,895
896,657
10,361
182,5761
1143,3291
1429,777)
64,707
{2,8901
{764,0081
444,048
22. ANALYSIS OF CHANGES IN NET DEBT
Atl
August Cash flows
2024
£'ooo
Other
non-cash
changes
£'ooo
At31
July
2025
£'ooo
Fair value
movements
£'ooo
£'ooo
Cash and cash equivalents
Cash
5,386,060
{917,107)
4,468,953
Total
5,386,060
(917,107)
4,468,953
43

FARLEIGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
23. PRIOR YEAR COMPARATIVES BY FUND
Unrestricted Restricted
Funds
Funds
2024
2024
Total
2024
Notes
INCOME FROM:
Donations and legacies
30,391
10,800
41,191
Income Charitable activities
School Operating income
10,944,672
10,944,672
Income from other trading
activities
Trading income
508,406
508,406
Investment income
76,547
10,804
87,351
TOTAL INCOME
11,560,016
21,604 11,581,620
EXPENDITURE ON:
Costs of raising funds
Trading expenditure
Expenditure on charitable activities
School operating costs
117,152
117,152
11,255,398
300 11,255,698
TOTAL EXPENDITURE
11,372,550
300 11,372,850
NET INCOME AND NET
MOVEMENT IN FUNDS FOR THE
YEAR
187,466
21,304
208,770
Reconciliation of funds..
Total funds brought forward
17
16,285,014
277,117 16,562,131
Total funds carried forward
17
16,472,480
298,421 16,770,901
44