REGISTERED COMPANY NUM8ER: CE018518 (England and Wales) REGISTERED CHARITY NUMBER: 1184877 REPORT OF ThE TRUSTEES AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 FOR YaLSON'S SCHOOL FOUNDATION CIO GBJ Fin8ncig1 Limrted ststutory Audrtor Sleding House 27 Halchlands Road Redhill Surrey RH16 WILSON'S SCFK)OL FOUNDATION CIO CONTENTS OF THE FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Report of tho Trust•o8 1 to 4 Report ofthe Indepondent Audltorn 5 to 8 Statom•ntof Flnanclal Actlvltle• Balance She¢t 10 to 11 Not•8 to tho Flnan¢lal Ststom•nts 12 to 15 Dotallod Statement of Flnancl•l Acllv5tl•• 16 WILSON'S SCHOOL FOUNDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the Charity for the purposes of the Companie8 Act 2006, present their report with the financial ststements of the charty for the year ended 31 March 2025. The trusle&s have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practicè applicable Its charities preparing their accounts in a¢co¥dance wilh the Financial Reporting Standard apPI￿able in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). OWECTIVES AND ACTIVITIES Alm8 and objectives The aim and objective of the Foundation is to mok& grants availabl& to Wilson's School Academy Trust to support short tem running costs and longer lami capital projects. FINANCIAL REVIEW Flnanclal Revlew Durin9 the current year the Foundation made donatK*ns of £339,528 1202>24.. £339,861) lo Wilson's School Academy TnJ8t. This ir￿luded assistance with the capital prqects, continuation of the Teach at Wilson'8 Scheme and the co81 of the devoiopmonl offJGe. The prlncipal 888els of the FoundatrJn are the two Sch￿￿ buildings at CaMb8￿ell and W811ington. The C8mterwell School is Shown as an investffthl propety m the aco)unts at a value detemined ty Seleclsurv Ltd, Chartered Surveyors. in 2020. The building is currenlty le85ed to two tenants on a lease which expires in 2073. The rental income of the woperty was £250.000 per annum. Following a rent review under the l&m$ ofth• ba80, thè annual rèntal incrna88d to £627.500 éffectiva from 25th December 2024. The Wallington 8uilding. Wibon'$ School ts as a fixed assgt. The value in the accounts ￿preSentS the historical c08t of the contributions made by Trustees towards the cost of the new school in 1974 together with Gertain items of capital expenditure incurred Since that date. Depreciolion has been charged since 1995. The St81emenl of Financial Activitigs shrn th81 the Foundation d8riVg3 incomg from the rental of the Camberwell building together wrth a small amount of itweslmenl income. After charging an appropriate amount for deprecialKJn and adminislralion the statement shows net incoming resources before support tc the Wilson, School Academy Trust of gains or losses on investments was £235.939 (2023-24.. £258,436). The Trustees invest any 8urplu8 funds in such a way as to reflecl t>￿h the 8hort term and long temi needs of Wiltson's School Academy TrusL In recent years the Trustees have effectNety utilised their resources to support their main charitablg purpo¥g. Tho Trustees wlll continue to manage their reserves in a way which they conshler will best serve both the short lemi and long temi needs of Wilson's School Academy Twst. There have been no changes in accounting Pol￿ during the year. FUTURE PLANS Wilson's School FOundat￿n CIO will conth"n￿ to support Wilson% Schwl Academy Trust in both the Short temi and ftsr longer 16m capital projeds. STRUCTUR& GOVERNANCE AND MANAGEMENT Structure, Governance and Management The charity is control￿d by its governing document, a deed of trus( and constilutes a limf(ed company. limrted by guarantee, as defined by the Ci)mpanies Act 2C￿6. WILSON'S SCHOOL FOUNDATION CIO REPORT OF THE TRUSTEES FOR THEYEARENDED 31 MARCH 2025 The charity is controlled by rt$ governing doctjmenl, a deed of trusL and constitutes a limited company. limrted by guarantee, as defined by the Companies Act 2LX)6. Wi&on's School Foundation CIO is a charity fomiedy known as Wilson's Grammar School Foundation. The charity is registered ￿th the Charity Commission under the registration number 1184877. The charlty Is govemed by a sehem8 made on the 29 Octoter 2004. New trustèes may be appolnled by resolution of the Trustees. The charty has a substrdiary charity Wilson's School Trust CIO. Separate accounts ere prepared for this charity. Although the Truslees have not carried out a fompl risk revlew, the main risk is considered to be the ongoing 8ecurily and real terms value of the Camberwell rental income. and this 18 monitored on a regular basi8. Th8 FoundalKJn Trustee8 Gomprise threg n￿￿nated trust895, two n(￿inat￿j by the Southwark Dioc6s8n Board of Education and one nominated by th8 Wilson's Schcol Academy Tiust, and up to 10 co-oplative trustees. Tho Trustees must ensure that the number of Trustees who are former pupil$ of the sch¢xJl or the fomer Wilson's Grammar School al Camb8rw811 in th8 London Borough of Southwark is a ma&ority on the trustee body. REFERENCE AND ADMINISTRATIVE DEfAILS Rogl8t•rnd Company numbor CE018518 (Engkind and VVa*l Rogl8tered Charlty numb 1184877 Regl8tsr•d offle• Wilson's School Mollison Drive Wallinglon Surrey SM6 9JW Trustoos S Wisson M Cream C Peckover J Nicholson J Pearcey D Eynon R Allen IresvJned 181512024) D Coomansingh Revd S L Billin R Hall M Pilgrim Ifesigned 121812025) D Kimber WILSONE SCHOOL FOUNDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DEfAILS Auditors GBJ Financial Limrted Statutory Auditor steding House 27 Halchlands Road Redhill Surrey RH16RW Advl86Y8 Bankers- Lbyds Plc, 49, 53 HMJh Street. Sutton. SM1 1DT Investment Man8gors- Nationwide. Nationwhle Hou88, Pipern Way, &vindon, SN38 1 NW STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees (who are also the directots of Wilson's School Foundation CIO for the purpose5 of company lawl are rèsponsible for preparing the Report of the Trustees and th8 financial statements in 8¢cord8nce wrth applicabLg law and Unitsd Kingdcqn Aw)unting Stsndards IUnTted ￿'ngdorn Genefally Accepted Accounting Practice). Company18w requires the trustees to prepare financial $latwnents for each financial year which give a true and fair vièw of the state of affairs of the charitable company and of th8 incoming resou￿$ and application of resource8, including the income and expendf(ure. of the charitablo ¢cthpany for that perfv￿. In preparing those financial slalsments, the trustees are required lo select suitable accounting pol¢cie8 and then appty them ￿nsISten¢￿'. observe the meth¢xls and principles in the Chaiity SORP., make judgements arKI estimate$ that a￿ reasonable and prudent.. prepare the fingn¢ial ststements on the going concem basis unless it 15 in8ppropriat• to pro$um& that the charitsbIe company will eontinue in business. The tru81ees are responsible for keeping proper accounting r￿rdS wh￿h disch)ge with reasonable accuracy at any lime the financi81 position of the charitabl8 company and to enable them 10 6nsure that the flnancial 8tatemenls comply with the Companies kt 2006. They are also responsible for safeguarding the assets of the charltable company and hence for taking reasonab￿ steps for the prevention and detection of fmud and other irregularities. In so faras the trustees argawarg.. thère is no relevant audri informati)n of whKh the Charrtab￿ compan¥s auditors are unaware,. and the Iruslees have taken all steps Ihat they oughl lo have taken to make themselves awafe of any relavanl audit information and to establish that the auditor¥ are aware of that information. AUDITORS The auditors, GBJ Financral Limrted. will b8 propowl for re4ppointment at the forthcoming Annual General Meeting. Apwoved by order ofihe bo¥d of truste8$ on 23 septemb￿2025 and signed on rts behalf ty. }J¥ Trustee REPORT OF THE INDEPENDEpif AUDITORSTO THETRUSTEES OF WILSON'S SCHOOL FOUNDATION CIO Oplnlon We have audited the financial statements of Wilson's Schcol Foundation CIO lthe '¢haritable company'l for the year ended 31 March 2025 which comprise the Stslement of Financial Activf(ies, the Balance Sheet and notes to th8 financial statements, inctuding a summary of significant aceountsng policies. The financial reporting framework that has been applied in Iheif preparation is applicable law and Vniled Kingdom Accounting Standards (Unrted Kingdom Generally Acwled Accounting Pract￿1. In ourcyinion the financtal statements.. give a true and fair view of the stste of the thantable (y)mpanls affairs a8 at 31 March 2025 and of r(s incoming re8ouree8 and application of restsjrces, including its income and expenditure, for the year then ended., have been properly prepared in accordance wtth Uniled Kingdom Generally Accepted Accounting Practic¢.' and have been prepared in acconjance with the Tequiremgnts ofthe Companw kt 20CI8. BasS8 for oplnlon We conducted our audrt in accordancé with Intemational Standard8 on Auditing IUKI (ISA8 IUKII and applicable law. Our responsibilities undsr those standards are further described In the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordanc8 with the ethical requirements that are relevant to our audrt of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fu￿141ed our other ethKal fesponsibilities in aG￿rdance with these roquiremenls. We believe that the audit ev*lencè we have obtained is sufficlenl and appropriate to provide a b88is for our opinion. Con¢lu81on• relatlng to golng concem In audrting the financial stslemenls, wè have eoneluded that the tru3tee8' U8e of the g(Mng concern basis of accounting in the preparation of the financial ststements is 8ppropriale Based on the work we have Ferfomed, we have not identffied 8ny materi81 uncertaintie8 relating lo events or c¢ndilion$ that, individualty or collectivèly. may cast signifunt doubl on the charrtable company's ability lo continue as a going concern for a Per￿ of ot *st months from when the financlal Statements are aulhorised for issue. Our re$pon$ibilitie8 and the re$wn$lbilrties of th& trustee8 respect to going concem ar8 described in the relevant sections of this rewrt. Other Infomiotlon The trustees are responsible for the other infom￿110rt. The other infomation comprises the information inclu¢Jod in the Annual Report, olherth•n the fin•n¢ial statements and our Report of the Independent Auditors thereon. Our opinion on the fftnanci81 slalemenls d(*s not cover the other infomiatr)n and, except to the extent otherwisg gxplicilly slated in our report, we do not express any form of assurance conclusion thereon. In connectr'on wrth our audit of the finanoal $lalemenls, our ￿sponsIbl11ty is to read the other inform8tion and, in doing so, consider whether the other infofmab'on is m*erially inconsislenl with the financial slalemenls or our knowledge obtained in the audrt or otherwise appears to be materially misslaled. If we identify such rnaleri81 inconsislencie8 or apparent material misstatements, we are required lo determine whother this gives rise lo a material misslalement in the financial statements themsefves. If, based on the work we have perfomied, we conclude that IheTe is a material mi8statement of this Other inforn7al￿n, we are required to report that fact. We have nothing lo report in this regard. REPORT OF THE INDEPENDETrrr AUDrroRS TO THE TRUSTEES OF WILSON'S SCHOOL FOUNDATION CIO Matters on which we are required to rnport by excèption We have nothing to report in respect of the following matters wthere the Chariltes (Accounts and Report81 Regulations 2008 requires us lo report to you rf. in our opinKJn'. the information given in the Report of the Trustees is inconsistent in any materkil resFect with the financial slalemenls.. or the charitable company has not kept adequate accounting r￿ords., or the financi81 ststements are not in agreement wrth the accounting r￿rdS and retums., ¢x we have t)ol received all the infofmatK)n and expkTrat￿s we require forouraudrt. Re8pon8iblliti•8 of trustses As expl8ined more fully in the Slat8monl of Tru$t•és' Responsi￿1it[Ès, the trustees (who are also the director8 of the charitable company for the purposes of company lawl are responsible for the preparation of the financial stslemènls and for being satisfied that they give a true and fair view. and for such inl8rnal control as the Irusle8S determine is necessary lo enabK8 the &Yeparat￿n of f￿anCIal slalements that are free from material mi5Stalem6nl, whether due lo fraud or error. In preparing the flnancial Stat￿nIS, the trustees are responsibl8 for assessing the charttable company's ability to continue as a going concern, disclosing, as applicable, mallers related to going concem and using the going concern basis of accounting unless the Iwstees ef(her intend to liquidate the charitable company or to coa$$ opgralions, Of have no realistic altèrnativè but lo ¢$) so. REPORT OF THE INDEPENDETrif AUDITORS TO THETRUSTEES OF WILSON'S SCHOOL FOUNDATION CIO Our rnsponsibilities forthe audit of the financial statoments We have been appointed as audilors under Section 14S of the Charit*s Act 20118nd report in accordance wrth the Act and relevant reguLqtions made or hawng ￿feCt thereurKler. Our obje¢live$ are to obtain reasonable assufance atout whet￿r the financial stslements as 8 whole are free from material missl8lement, whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Re850nable assuran￿ is a huh level of assurance, bul is not a guarantee that an audit conducted in accordanc8 with ISAS IUKI will always detec# a material misstatement when it 8X15ts. Misstatements can arise from fraud or error and are considered rn8teri81 rf. individually or in the aggregate. they could reasonably be expected to influence the econom￿ decisions of users taken on the basis ofthese financial statements. The éxtent towhich our wocèlures are capable of detecting irregulariti8s. I￿￿dIng fraud 1$ ¢Jètai16d bébw.. Irregular+lies, including fraud. are instances of nortrtal fund8 2024 INCOME AND ENDOWMENTS FROM DonalK)ns and legacies 23,028 21,688 Inve5trent income 317.694 285,467 Total 340.722 307,155 EXPENDITURE ON Charitable activltlo¥ Schwl support 339,528 339,861 Other 104,783 48.719 Total 444A11 388.580 NET INCOMEIIEXPENDITURE 1103,589) 181,4251 RECONCIUATION OF FUNDS Totsl fund8 broughl for%rdrd 8,626,617 8,608,042 TOTAL FUNDS CARRIED FORWARD 8,423,028 8,526,617 The notes fcrfm rArt ofthese financial stat￿ents WILSOTriS SCHOOL FOUNDATION CIO BALANCE SHEET 31 MARCH 2025 2025 2024 lund Total fundts Nots8 FIXED ASSETS Tangible assets Investment propety 61,395 8,000.000 80,011 8.OLK),000 8.061.396 8,080,011 CURREfrif ASSETS Debtors Cash at bank 223,521 183,938 223,521 237,926 407.467 4ei,447 CREDITORS AmoLtn18falling due wthin one year 146.8241 114,8411 NEf CURRENT ASSETS 361,633 446,806 TOTAL ASSETS Less CURRENT LIABIUTIES 8,423,028 8,$26,817 NET ASSETS 8,423,028 8,526,617 FUNDS Unrestrited funds 8A23.028 8,526,617 TOTAL FUNDS 8.423.028 8,526,817 The charitable company is entitkd lo exemption fr￿ audit under Section 477 of the Companies Act 2006 for tho year ende(t 31 March 2025. The members have not deposited not￿8, pursuant to Section 476 of the Compan￿8 Act 2006 requiring an audit of these financial statements. The trustees acknowledge the￿ reSpOnsb￿itES f lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements gr¥e a true and fair vie•V of the state of affairs of the char(lab company as al the end of each finaneial year and of rts surplus or defic4t for each financial year in accordance wrth the requirements of Sections 394 and 395 and which otherwise comply with the requ1￿mentS of the Companies Act 2C￿ reL4ting lo financial stalemenls, so far as applicable to the charitsble company. (b} These financial ¥￿te￿nIS have been audited under the requirements of sect￿￿ 145 of the Charities Act 2011. The notesfom part of Ihese financial statements -1C ontinued... WILSON'S SCHOOL FOUNDATION CIO BALANCE SHEET- contlnued 31 MARCH 2025 Thesè financial statèments have been prepared in accordance with the provisions applicable to charitablo companies subject to the small ￿MPanieS regime. The financial statements were approved by the Board of T￿Stee$ and authorised for issue 23 September 2025 and were signed on rt8 tehalf by." on Trustee -11- WILSON'S SCHOOL FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES 88818 of preparlng the financlal Statements The financial statements of the chantable company. wh￿h is a publie benefit entity under FRS 102, have been Pfepared in accordance with tha Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Slalernenl of Recommended Practiee appl￿ble to charities preparing their accounts in accordance with the Financial Reporting Standafd applKable in the UK and Republic of Ireland {FRS 1021 leffecliv¢ 1 January 20191,, Financial Rewrting Stsndard 102 The Fin8nci81 Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 20rA. The financial statements have been prepared under the historic81 cost conventKIn. Income All income is re¢ogni¥ed in the Statemont of Financ￿1 A¢tThirties on¢0 the charity has enlrtlemenl to the funds, it probable that the incom8wII be received and the amount can be measurgd reliably. Expendlturn Liabilities a￿ recognised as exFendiiure as scon as there is a legal or conslructThie obligation commilling the charity to that expenditure. it is Probab￿ that a Iran$f6r of econom￿ benefits will be required in Settlement and the amount of the obligation can be measufed reliably. Expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all eost related lo the category. VVher8 costs cannot be difeclty allributed to particular headings they have been olloG8led to aGlyvitioo on a basis ￿n?1$tOnt wilh Ihe Lt89 of resourcgs. Grants offered subject to conditions wh￿h have not been met at the year end dale are noted as commitment but not a¢crued as expendrture. Tanglbl•flx•d a8g•t8 Assets employed by Wilson'8 Sch¢M)l are 8tated at CO81188s depreciation. Dgprecialion is provlded gt rates caleulaled to wrlte off tha cost less estimated reshlual value of each asset over ils expected useful life as follows. - Freehold buildings on a straight line basis over 30 year8 - Freehokj land is not depreciated Inv•8tmont propwty Investment pr¢)pety is ¥hcwin at most recent valuation. Any aggregate surplu8 or deficll a￿80n9 from changes in fair value 18 recogni8ed in the Statement of Financial Activiti98. Tax8tlon The charity is éxempl from ¢waI￿n tax on itsch*rtabk athities. Fund accounting Unrestricted funos can be used in 8ccordance wth the charitabkn obieGlive¥ al the dI￿retIon of the tJustee¥. Restricted funds Gan only be used for partKul8r reStr￿ted purposes wthin the objects of the charty. Restrictions arise when Spe￿r￿ by the donororwhen fvnds are raised for particular rèstrictad pufposes. Further eXplanat￿n of thè naturè and pur[￿ of exh fund is included in the notes to the financial statements. -12- continued. WILsoTrfs SCHOOL FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS- continu•d FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME 202S 2024 Rènts re￿IVed Dep0311 aGcount intere¥t 313.162 4.532 280,698 4,769 317,694 285,467 NET INCOMEIIEXPENDITUREI Not Inwmellgxpendi￿rft} B ststgd after&￿rgin￿1￿edItingl.' 2025 2024 Audftors remuneration D6prec￿t￿)n. (x•med a588ts 2,340 18,616 18,616 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or othgr benefts for the ye8r endgd 31 Marth 2025 nor for th*J y•ar ended 31 March 2024. Tru8tM8' exp•Mos There were no truste8s' expenses paKI for the year orKl&J 31 Marctt 2025 nor for th8 yèar éndad 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACnVrnES UnrglltrScted lund INCOME AND ENDOWMENTS FROM Donatk)ns and legac*$ 21,688 Irwesbnent inccffle 285,467 T¢)t•l 307,155 EXPENDITURE ON CharStsblo actI￿tIo8 School supwrt 339,861 Othèr 48,719 Total 388,580 NEf INCOMEIIEXPENDITURE} (81,425) ontinued... WILSON'S SCHOOL FOUNDATFON CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES- contlnuod Unrestrlcted fund RECONCIUATION OF FUNDS Totd funds brought fowrd 8,e08,042 TOTAL FUNDS CARRIED FORWARD 8,526,617 TANGIBLE FIXED ASSETS Froghold PrO￿rtY COST Al 1 April 2024 and 31 March 2025 142,064 DEPRECIATION Al 1 April 2024 Charge for year 62,063 18.616 At 31 Mar¢h 2025 80,669 NET 800K VALUE Al 31 March 2025 81,395 Al 31 March 2024 80,011 INVESTMENT PROPERTY FAIRVALUE Al 1 April 2024 and 31 March 2025 8.000.000 NEf BOOKVALUE Al 31 March 2025 8.000,000 Al 31 March 2024 8,000,000 The historical cost of the investment propety is not known. The investment property was valued in July 2020 by Seleclsurv Ltd. Chartered Surveyots. -1 continued... WILSON'S SCHOOL FOUNDAlloN CIO NOTES TO THE FINANCIAL sTATEMENTs-￿titInu6d FOR THE YEAR ENDED 31 MARCH 2025 DEBTORS: AMOUNTS FALLING DUE bMTHIN ONE YEAR 2025 2024 Other debtors 223.521 223,521 CREDrroRS: AMoup¥fs FALUNG I)UE YaTHIN ONE YEAR 2026 2024 Other Creditors AccrLsed expenses 43.376 12,501 2,340 45.824 14,841 10. RELATED PARTY DISCLOSURES Al the year end, Wi180n'8 School Trust CIO, the subsKltary of the charity, owed the charfty £223,S21 12024.. £223,521). This amunt i8 included V￿thIn other debtors. -1& WILSON'S SCHOOL FOUNDATtON CIO DETAILED STATEMENT OF FINANCIAL ACMV￿1Es FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENI)OWMENTS Donatlon8 and legacl Donations Other income 23.028 21,488 23.028 21,688 InV￿tment Income Rents recewed Deposit account intsr6St 313.162 4532 280,698 4,769 317.694 285,467 Total Incomlng r08our￿8 340,722 307,155 EXPENDITURE Charitable acfjvltl•8 Grants lo inslilulions 339,528 339,881 Support cost• Flnance Bank charge8 Other Legal and ryofe$$*)nal fee8 Freehold prwty dep￿tatIOn 66.838 18,616 1,520 18,616 74,454 20.136 Governan￿ costs Auditors. romuneration Insurance 2,340 25.759 29.986 28,099 Total resources exFended 444.311 388,580 N•texpendStur• {103,589) 181,4251 This page does notfcffm F￿rt of the statutory financial statements -16-