REGISTERED CHARITY NUMBER: 1199692 IIEpoirf OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR TTrE YEAR ENDED 31 AUGUST 2025 FOR ST IAARYLE80NE EDUCATIONAL FOUNDATION blthFtler Linit ststutw Audrtc Larth House Hampshire P07 6XP
ST MARYLEBCWE EtXlCATIONAL FOUNDAnoN copirEKfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 1 to 9 10 to 12 Statement of Fln•nclalAetivllos 13 Balance Sheat 14 15 to 25
ST MARYLEBONE EDLUTK)NAL FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025 31 August 2025. The trustees have adopbj the provisAyB of Ac4XAinlirKJ Reporbng by Charitss: Statent of Rlmended Prxtic 8FWK3ble to cli Prepariro trf tnts in w)rdance with the Financk41 RepIng staKIa wi the UK Rewbk cl IrelarKI (FRS 11r21 leffe¢ve 1 January 20191. OWECTIVES AND ACTNMES ObJedlve8 and alms Since 1977 when the was rvrItt main of FoundaiKJn have trthn as fclknvs, th8 amendments in 2018 have m(xlgmised th8 7ArrdirJ. This has during the conver5M to cio. In mthng paYftts for the benefft of The St Church of EThJlar¥J Sctrthl Schcd for so W as it o)ntmues to hth a relwJK)us ¢MKJnath)n as a Churth of EnglarKI sclKd. (Note". the rnLt be a Ihrythin the meaning of the Education Acts and may te the fom bè cl mu.-aCaJMY Tmst or group of xhwLs). rewdgnt in the Cty of StmLr ry are attendiThJ. &e atXrt to attend cff haNE for not s than years attendwj any sdKxI in the sakj Cty (rf Strnin8ter quaI[fA as aforwKi who are resNJent in th8 area ot ts fCr Metropolrtan Bwgh of St Maryletone or are attending, are at#)ul to attend or haMB not less than two )nseoJtive Yea attendgj any schcd in that avea. in Or or more of the ftAlcyMng alh)wances or grants tenable at any uniwsity. col of educatK)n or other insbttrtion of further (inclding rKcrfessKThl and technrall educon approved the wr)Se ty the Trustees.. In providry fNnaal assistsnc. thrtfits. cknthw. tcth)Is. irtstruments, or to a$St such perstS to pursu8 tsir (indudwg the sludy of music and the other artsl. to und8rtake tra in ffiJrther theTW)f. and lo prepare In prowding f11be$ r1 nOty lded ty th8 k(81 edlI)n authorty or from central govemmènt funds {ljing frun the Depatmnt for Edat> for recreakn aTrJ sla1 ar¥J tr8iniThJ for suth pewns are INthin the 'mts prexriW by thk8 Sc*me. the Trustees shall have full p(ywer tr> make rules for th8 award of sc4K>lathys. bJTsar. rnainlenance alkhvances or oth beneffts, Inc111n9 rutes as lo the value and of knure crf wward4 arKI the If and in so far as inc£me of the Charty in any year is not fequrred for apPIaon in manner af1 the Trustees may ath the same in mth"ThJ PaYnts to the Managers, Govemor5 or trustees for ts tKne being d any other yKhcd in The City of ineonsBtent wilh the te&hirrfJs ofthe Churth of England. Publlc bon•fft Tho Trustees haNE real Guhjance cffl publ Benefft issued by the Charity C(mMisS aThl fu1 their Obligan$ with due a)n$al to thal GUAYae. with part referwKe to the tse1 of tharxxnent of education. Page 1
ST MARYLEBONE ELXIQ4TIONAL FOUNDATION FOR TrE YEAR ENDED 31 AUGLIST 2026 OBJEcfivES AND ACTIVITIES 8en•fft Policy The Foundation's poliy is to ensure a c£)linu8n(x cl finwKyal a86istsn(x k> tlwe indNiduals and The fOurKle of the tharity orignalty interKJ&J Ihat thiken res¥Jw in the ParBh of St Marylebon8 sknuld benefft educationally from their financAal asSistsn. the Scheffe was rtrwritten in 1977 the getsJraphul area was widened to ene(xnpass that of ts Cty d SIM1rr aThJ e&gbility for educational assstancÈ is reliant LP)n a tangtle cnec1 to IAkninster. The income to the chanty. restrKled to rental irhxme frc4n the Rwal cl MUS arKI income from investrments is conspjered by the Trusts to be trx> snall to a whdening of the gwgraphical area covered. By reStr"fig the elKJitylty. the furKls Ixth to M1th4ithth and organi5ath)ns can be great The indivhJuaL8 assi•J b8nefit in varNyJs vrays: Contr'nuafft of&Jucaltr)n * a eurrent sclKY)I Mu coll F1rtab.n9 boarding for those with a dilknjll sAtuatp Enhancing a thikys srtuat)n to awkJ edLKatiorl arwJ nonal hashiP Purchase of educatkThl equit to enabk them to s Funding 0feduCatK lrips to enale fvll access to the oJrrKulum Funding d music lessons to enable a(£ess to extrwJrrKularstud The St maebOne CE sthl Tr) knger requests a rKKninal sum for maintenarte on an annual basis. The school instead inctth rnants ¢x kn reqSta fuTrJty fftjn the FoundatA for larger prcyects The T re&j during 2023 lo fund the Deaww af the City of V4Wninster to £1,OCQ per Church of England primary to as&st wth maintenance a1 (aytsl InpTh1 d those scKds. At their June meetirrfJ in 2024 the Trustee5 agreed to exterKI the fiJndirvJ to the other Church of Ero18nd secondary 8chooL8 in the Cty of IAWninster. There are. afkn a merger (kjring the 2024-25 ademic year now eighteen ible prIry ythools trAx) elyi4e secy)ndary sclKds. thereth th8 Thwimum annual grant 15 £20,Crf)O. By continuing to prOts this financial a$SnCe fc ly)th Thg St marylet Sch1 and the otsr Church of England sthcils withwi the Cty of ma)y P4)ts we enabl8J kn atteryj propety maintained schoo. essential unrfomi or ffjuiwrnt to 8#J their gJucalh)n. F exampkn. annual grant to the St Vincenys Family Prw a Cty crf Weskninster based Lwity Wm'ng IAknirtster fllIes. 9)es tcwards the SLhool unlfom) costs a famity faces every year.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 OWECTIVES AND ACTMTIES Gr•ntmaking The Foundation's pjlry is to wx4ssfvl th8dwge of the CWNes set Jt abo thus ensuring Hawng en$ud that the prwmry ObJe(kn are the rem8ini¥J wailth are suLyect to the Trustees, grant awarding s• whth i8 bawj up)n aSSlI1j as maTry irKINKluaL8 as Fossiblg betrween the ages of ght and whteen in varying dis•knnW gluali0 to &hieNE a suitable educaiion for their needs as is OmffnSUr with the irKoff avaiL)le, wrth parthwlar emphasts on enabling Ihe continuation of an education already embarked ur)n. A$Ststan is wovthd to with partblar &Jucabonal needs, rarvJing frcth those for whom the 1 health of parents nwns thal t(4qrdiTrJ is a weferred opir)n to tlThe who Assistance is prowd&J both to indNKlu to thg wJucalM)na e$IShment they attend. For example. speufic ftjnding towards Irtual5 the costs (rf 59)n$. schc4Jl tnps whKh furttw underslanding of currM)Jlwn $U.eCts, and twrs. This enables those stsNJents to take part 7htho V•Duld othe1yse be disadvged due to fmarvial c1xTrts. The Clerk requires reguL¥ rermyts from the schcots to ensure that the rrfc#3ress of pupiL8 in ret of school The numbers of stsjdents at eath of thè CdknJe$ 7x) are grants is lirnrt&J to six dependent upjn the digit41ty of the sl¥Jdents to wedeterminJ cgitww. The two music colleges are s8Wed beeause the main inconp for ts Fountlalh)n e1ved frcyn the Royal kademy of Music. The Music Colkges hove a F)t of fundng to dr¥4V frrm. the nurter af studwts te fwNer than 12 overall the pot is divided MwnirwJ sludenls. sknlents are inknithbed the summer temi aThJ, after enrolling on their cfjurse in the Auttjrn Tem the fun(ng fr¥waff to the Musi Col on ret of an invoice. Ih7t)ns fn)m tsrbary sbjdents. other trHn the kntted number ir)ter¥ithbtd annualty at tsvo music colleges sited in ltrnsf. V4Wg tsclined due to the limrted fund5 knThvn to t al the dwosal of the Trustees. The Trustees agreed that other SdKtAs shId be WNiknJ lo ternler for fiJndff@. a bu(hJet of £50.¢)Xl was set ayAde per annum, a ncminal figure crf £10.(W dktated to each scth that wuests fundirMJ. This fvnding may onty be in scrfrE Yea after the winary c4.ths are Teg)UTces remain avaiL9b. Each sthoofs fuThJng is CC1 in(k¥KIW. ing in to &(x)unt the nunts of Chdren PJ8 3
ST MARYLEBONE EtWTIONAL FOUNDATION THE YEAR ENDED 31 AUGLLST 2025 ACHIEVEMEpifs AND PERFORMANCE Charitable adlvtti88 tring the year 64 Ir1V#Ual awicants 1&1 grants twrd5 xth fees. 18sson$. muxal instruments. and extr8-currKALAr ed[alWjn &iwits totslling £72,219 (202>2024 £43,532). 58 of these individuals were end to a¢>xs this fvnth'r¥J therefce the benefft via the institutwjn they attend. There V•re three new benefvorw. The nurrthr ot frcrfn indNNJuals frx schcd fees has been dedining for years. The Trvstees sUlSe that the htenIng of the eIbilty criteria agre&J at the Board meeting crf Febnjary 11, 2021. the number of parents 4e to afford scyne of the fees towards meet Ihe elJit41ty uiteria. In prevKWS years the 14%tsstrnwthr St Marga$ Deaw Syncd ha requested ffiJTrJing for maintenance for Is in their re, bul no vRre in 2024-25 12022-2023 £8,C((J). The Trustees agreed during 2023 to fund the Caneries of the Cty of V4kninster £1,0 per Church of End primary schwl to assist wrth maintenarKe of those sdKYJls. There are ewjhteen elKJible sdK)L8. therefore the maximum annual grnnl is for £18,000. The Trustees awd wi Jun8 2024 to extend the fvrKling to the Iwo other Church of EnglarKI secorKlary sCS in the Cty of IAsthiin&er, takin9 the overall W to £20.C(Q. Dur 2024.2025 ofthe £21.Cth bLh$3eted for £3,CKK] has W$ted arKI rded. The Royal A£algmy of klu and the Roya Cclbege of MUS haj teen alk¢at&J their grants for the 2024-25 £ademr Year during 202>2024. Elew Music Swdents for the 2025-26 adeM year kn been Intered and tr£ir grant fundry pahj afterOct(thr 21r25 the sknAlenls taken up thr place. The Ftyjndation makes funds available annualty for MUS Grwts. the rnnt aged for 2024-25 18 £25,8LN) {2024 £25.750). These grants enabled the sttkjents to enrol on and cryte their Losen courses. The St Maryletone CE SLKd requested fundirYJ during 20225 in th& sum of £105,713.$2. The funding was IvardS the Purchase of 93 tsthp CnrterS for the IT tte. a Contritth to 17 IntewtNe Touch Screens , refufbtshment of a T¢ilat BkKk arvJ serv5 of a Quantity Surveyor. The grant has been paid in full during the ffinancial yw. The St Maryt CE sd also rg]uesbd funth'rKJ for indmdual students unable lo afford to attej HtsY & Humanrfies Irps schcxA tr¥ and music lesso. The total avrarded was £19,770 and 38 indNidua& The St Maryleb@ CE Brk3e s( was wardeA fundAng in June 2025 for 20 indNiduals attending the school, ts provtsN)n of At the Bus. in the sum of £30,Cth. The full grant is xctsjnted for in these aecounts, first paynwl of £25,701 was m in ju the remainder the 202&26 financaal year. In addrtion to the At the Bus fvndirrfJ, a fijrther £25,701 was attled ttrd$ Turt. CXLupatiwl Therapkst Regjurces and a RetractsUe S8atiry Puwer Mcrfw. St Vincenf¥ Famity Proje( was &Vardj £5.21XI in Septts 224 (202>24 £5.(XKI). The fundmg assssted 39 Cty of IAÈstrninster fwnili8S to purchase schod uniform their 70 chihjren at a MMuM of £75 per child. 5 PrThary Sch)ols have teen ttled grants this finantsal year. St Peterfs CE Primary Sthcol. Chippenham their Garden Area and Halw Prirrory Sdth vfts awardgj £7.(KK) to•rdrds their Prowsw. Christ Church Bentin(* CE Primay Schcol recewj £2.280 towarts the Chess Club and finally, Burdett£outts and Townshend Foundation CE Primary Scthcol reCeN £10.LI]O th"r IT infrastrnthre and WFI.
ST IAARYLEBONE EDUCATIONAL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 FINANCIAL REVIEW Flnancial Revivw and Invostrnwrt Pollcy the St MaryletM)ne Sthool for Ckphan Girts chartty vrds due to ts fouTrJing of The St maryne CE Schod. the St Mylgt(fft EdatThI Foundaknn vras furr by the Trustees whIng to cntInUe supForb'ng the educatk)n of urhr 25 ye5 in the Parish of St Marykt)ne. The PemBnent Endcwment was transferr&J from the St maryleLV SdKM)I fc Orphan Gwls to the St Marylebone EducalK)nal Foundat)n al its wistrabon in 1934 to enat4e furthng cl &Jucat)nal grnnts. grants to benefi(yarie& During the year incfft totallwj £311,C60 {2024." £317.n6}. The in(xyre d the FfAmdakn ctsnes mainty from rent paKI by th8 Royd of Mux fcv fcrfms a yjbslantial part of the site of the Royal Acadwry of MUSK," . The kase to the Acajemy of mu is fty a temi of 99 years from 24 June 1974 and wovKJes for seven yearty onty rent revie. Tr revv in June 2016. provhtsy an inc¥&qse of £111.C(rtl to £251.& per annum. A further revivw due to Royal Alkny of MUS aering Ihe buildiry ¢)n the vras finalised dufrlg 2019-20 with an wKrease of £12,5CQ to £263,51YJ Fer annum. The rent revwi of June 2023 was finali%d in Novembw 2024 with the rent jreed al £291.CKK) per annum, an increase of £27.5Ch) per annum.. Th& next revpw will be in June 2030. The Fc¥Jndatk)n u8es the SeThs of BNP Paribas who w¢)rked in ccffljun&N)n with the Crtrwn Estates. AldilA)nal iOrne is derr4ed frcffi hekl as part d the carAkl of the Foundalv)n, the Pem)anent Endo%nent Fund. and frcn inveStrts representing Ianty investejj inccffie. the Gener81 FuThJ. These Speei81 Meeting hJ on 25 February 1999 th8 Trustees thhjed to entrust Ratht(Jne Investment Management Limited with dNCretlry managerrtht of the FourKlath)n'5 investhents. This dec#s¥)n has An &JdrtJnal instrnenl in CCLA in the Chwthes Intr Furwj. }5ted prts to 1999. a0 w)vides a small incc¥r to the Foun(knn. grcrth and regukr inme. Total exFendiknre during ytsr was £309.717 IW24 £347.593). Grats payth arg the Charity's greatest expense with £272.414 pahl wt or cwimitled to as grants in the finl year {2024 £2%.302) Inv8strn¢nt relums ¢)ver the 1 yw to 31st De(rtw 2025 ¥Me thIrj against a bxdrop of tanff drr¥pn voLqb'lty, shrfbtvj exFectakns for infflat aThJ gkthl grry•th. and an i1angty Sha market focus on Al winners versus Al bJseN Despte these recurying of tuthle. equty inNwtors We ultimatèly rv•varded wilh another year of respec gam. Cher the 12 ffrrths per gkthl equibes rose soldy, Against this backdrcy, thg Sl MaryletKM)e retumed +4.5% after all fegs OsS thè full calendar year, compared to the UK CPI +3% target 46.5%. Equtss remain the Liryjest asset cLgss in the portfdio, Imth a 75% strategic asset albeation. Asset albxatw w athJiti¥e, wrth an overwevJht h8kd to equths and underweight to govemwt td$. The pattem d letshp rythin UlbeS changed rIngfUllY in 2025. Rather than the unrform 'ffega c4), oJnpa)y dcrfninarKZ seen in 2024. Whe tecnokw gts dcfflinated irKlex retums, 2025 was Charter1 by * Fw10m dispersion wiihin the t&hnobgy more eJp)sed lo d1$pxr risk k6ersl. SeNtral fomr market darlirvJs eXFe1wK sharp drawdowns as questw)ns mount&J over bJsirÉss n•e[ Al aUgrnted e(n0ftry. Whi fimis invow with the devement and searing ofAI twjefrtted.
ST MARYLEBONE EDUCATIONAL FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025 2025 was akn mafk&J ty a prrKed styk re1. ae, orlated wipaniès outyrtOTm8d as mad(ets rotat&J t¢TrH8rd diCalS arKI tr>)111y sensitNe s&Xors over the couTre of the year, while 'quality' bunesSes-tyaty ctarathriwJ by whent maryir, hvJh returns crfb capitsl aThJ strw baL8nce sheet dbSCTplinfrdelNerpts mre muted rgtums. ThL8 brc vras faVrth to the invesknent strategy, which is ddterntely t(a qualty bfynesses rather than e4xry)ani8s geargj to tryal upswings or Sentirltn¥en rallÈs. assets in the r)rttcAKJ V•we )$tple e4)ntrbLrtors throughout Ro8erv•s poliey thje lo increased 119 on the FoundalwJn'$ Ihe F(xmdal's resaNes may be (xlkd to fund frjture requests. next year wrthout a¢Sing ts resffts. It rw)ains ts intention that the grants aWaled over the next few years wll remain at a YuCj level to enat18 the FoundtitM)n to me8t any fure requests frcrfn the St Marylebore S(c)I for laffJer than average suffts. DgFwNding on amounts lled for by the St The FOundath is larpty l&Snt UF ifKxffie fmm the lar¥J UFon the Royal kndemy of Music stands and is not in a to ensure C)ntinualK cl ine4)me in the event of wctAems at the Royal Acajemy of Music. Shouhl such an event ctcjjr, the Trustees of the Fndation woukl cont other Trusts and endeavour to find assnCe for those wMlivwJuaL8 who moht theref(x8 sulfer. Each year the recrients of grants char, with their irKTrayrvJ ages Varying the h)telIAbilrtlÈ9 oftr FoundatJn. As at 31 August 2025 th8 Founda1,3 free Te8ep& £349.680 121r24.. £344.893). Thi5 15 cakulaied in the tab bebw. 21r25 2024 Total unrestr ReseTh 349.680 345,103 (210) 349.680 344,893 The level of free reserves slwkj alkxt thg Foundatwjn to I¥xKwr Thent fundiw and grants individuals to the WKI rrftheir tern. STrUCTURE, GOVERNANCE Ala) MANAGEMEpir Govornlng deTht The St Marye Educaional FwndaIL i¥ Ineal succew of ts St MwYlTh Ch81ity School, iise founded in 1750. The Charity Commission (Kdered the woval * esWi5hff£nt of the upjated Scheme in NOvber 1977. The Tntstees at their Meetw in June 2016 to instruct Lee Bc4tcffl Mcffiw IAfjlliams Sol¥itors to assist them in reng the scheme to t(rth nKthmtse it a¥J with current b3i51alion. The revision was cx)mpleted a(h)pted in Juty 2018. Convor¥bon to CIO The Trustees •3re&g at of 11 Fe 2021 to the Fndati frcrfn a Trust to a CharitAe Organisakn (CIO). The convw5ion and registrakn ctrt))ed on the 8 Juty 2022. The regK8tered charity number is 1199592. The deed of transfer all aSts was daknj 21 2024. H(h¥e as a131 August 2025 the transfer of assets to the new entity has yet fuly oJnpl8W. with the r*)n with the Land Regtsty 18 8waiknJ, thi8 vras sutxnitknj in ma 2025.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The Foundalion l>)ks to the ktal communty armj the wJer edallon c¢nwnunty slwld that fail The applKants are asked to stste, in 1th9, iheir rn38¢X)s for wtshirKJ io a Twstee and (ine the benefft they woukl bn.ng to the Fndal and ts benthiaries. Flosrekn TTUStees sh)uhJ also be able to demnstrnte they be fulty of the Charrtable C4ectives arKI airTh% of the Foundalp)n and that they are familiar with and harvy to abKle ty the plipIeS of the Wan Code of CorKluct for the trustees of smal charthes. Shouid there te rn than cTr suil& for the rthrt)n the Tnth make thw'r decisK)n after intervpwing aN interested parties. OrKe arpj'nted the Trustee il infom) Ihe Fndalkin of any of Loyalty svJn the Dethratkin confirmirvJ their elJkn"lty to &t as a Trtth. IAWminster City Ctyjncd histortslty the rw to wrinate Trustees to Serve t ts trt)ard of the Foundation. At thg June 19, 2022 MeeliTr3 Ihe Trnstees that Vbstrninster Crty Counal have ceased to rminate Trustees to charity toards. Thereth. Or the remwnirMJ rlinee resign4 ttwe will no longer be the requirement to apwint Trjninatal Trustees. The rematnry Trustees comprise of one Canon Dr Stephen Evans wll be nKMng tpicese, thereth a Ex-olF Trustee wll be incumtenl in the RO from approxwnatsty May 2026. Oryanisational structurg The maximum number of Trustees on the BcMTd is six Council have rescYtsJed the nght to nominate Trustees lo swve on the b)ard of the Fndatm. The remainirKJ Trustees comprBe of one ExTh"o. the of St MaryletK)ne and three ctr0pts1p Ttustees. NOlnatiVe Truslees are apwinted to serve a term of4 years, CwFrtabve Trust&s afe ¥w"nteAI to serve a temi of5 yfrars. l Trustees may be slmiubj tw .11 to rwr¢in fm Boarf. The Board will reaFwint rf the majority of Trustees feel that they remain able to offer skills. Tr Chair of the 8oard is etgd at the first maeting of the ye¥. The Trustees me all the decisi on the ChiWs exTwKlilure and i>ant Awards at their meetings wh take place Ihree t#))es a y. A spe(yal rEetry 15 cJ to a pWt#x1 rrAtter StrUj it ba deerd Inductlon and tralnlng of trusto08 apFoinled and redecteA Trustees ¥e wovthj tP4ilh a ccsy of sMe and are wuested to sign a DecLgraticm of atteptaK and WillingrsS to xt in the trLtsts d the Sthem. In additft, am Trustees are rv required to sign an Autcfflth DwualrfKaiw DratTh xc(¥ding to knnex A provided by Ihe Charity the Foundation's s(kn. In partKAJ. tr Rector of St Maryth)ne is abo an ex officao Govemor of The St Marylebone Church of England School. a Memter of the Board & Dir of the St Marylet(e Bridge Schcol and a Trustee of the ButhjIn and Land (rf ttK)se Scthth. Newtry arvointed Trustees are 819) Major rfsks and mnagem•nt of th•s• risks The Trustees have examined the majcff $tratWJ busKess and risks charity fa and confirm Ihat systems have been estst4is1 to enab5e rewbar rrh)nitorirvJ to ltinUe so the necessary duriry this financial year. PwJe 7
ST MARYLEBONE EDUQ4TIONAL FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025 REFEREPKE AND ADMINISTRATIVE DEfAILS Rtg18tsrnd Charlty numbor 1199592 Prlnclpal addrvJ8 12 metbe Place Maryletone Stath?n Marylebone Londc NW16JJ Trustee# Princlpal addro maryrte Stst)n Marylebone London NW16JJ Trustms Evans Mr Andr James Var Ms Kathryn Mary Roske Ms Vthria Dafe Mr Rithard Gx)%Mn Mr Chrher I1r cle to Trusto08 Mrs Caroline Grant Auditorn Gibson Imiiiter Limthj ststutory Audrtss Larth Hcyyde Parkknds Bu%ness Pa Denme&J Hampshire P07 6XP Sollcliorn Lee Bolton Monier Wllk4ms 1 The Sanctuary Lon SW1 P 3JT Inve8knent Managorn Ralhtone Investsnenl Senator House 85 Queen Vlor Street London EC4V4Er Bankern CAF Bank Ltd 25 KTngs Hill Avenue lQ'ngs Hill st MalliTrJ Kent ME194JQ Pffje8
ST IAARYLEBONE EfxJcATIONAL FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025 STATEMEKf OF TRUSTEES. RESPONSIBILrriES The trustees are responsib wepariryJ the Rep1 of the TnBtees wvj the fuwi(xal slatw in accordance with appIable and Urmted lfjntyhyn A<(Lwliry Standards {United Iwom General Charity 1 requres the trustees lo rKepwe financi Statern for eh financial year. Under that l&v, the Irustees have eed to ryepare the fina01 sta1wn in £dance with Untsj lfjngth)m Geralty UrKler tharity law the trustees must not aFprove ts ffftancial stateMts unless ts arè Satisf that they give a true and fair view of the stale of affair5 of the fjwrity arKJ of the ineomirKJ re>Jurces and aFplicatson of re50uros. induding inccre and eypenditure. CA the chity for that yvj. In FryarirKJ those financial staknents. the trustees are rwir&J to . observe Ihe methc¢Js and wnaples in the Charities SORP.. . prepare the financial Statnts ffi the Con¢ b8sis unless il is inarv0 to presurr* that the charity will continue in bus1r. at any time the financAal of the tharity a1 to enth them to enre that the financial statements cCrfnp with the Charilw Act 2011 and The Charity (kfthnts and Retotsl Reguktw)ns 2CK)8. They are also responsible for safeguarthng the assets of the dwity and for lakiw reasonable steps for the preventKJn and dthtion of fraud and <rther irregulaits8S. 13 d wgngj on its behaw by.. K M Roskell- Trustee
REPO1 OF THE INDEPENDEKf AUDITORS TO THE TRUSTEES OF Oplnlon have aLrted the tsnaal Staterts ol St Educakna FcrtJndati(m (the 'tharityl for the year ended 31 August 2025 whhth Thpre the Ststement of Frla1 P£tMtits, the BaL9re Sheet and notes lo the finanaal statemnts, jing a gjmmary cl svJnrfKant nIIng rdicges. The finan¢ial rep)rti'ng frame•¥ork that has been aFpld n Iheir preparal)n is Iww and United lfjngthjn Accounting Standards {LthitgJ GeneIlY4xe0Wj Ptr). In w cynkin the fina1 statemwts.. give a true ar¢d fair VI of the state of tr Char1S afvrs as at 31 Just 2025 aTrJ of its ino)ming and . have Lwn rAeparnd in )rd wilh thè relw1wrts (rf th? Chwtsskl 2011. B•sl8 for oplnlon We conthKted our audit in Xc0rd wilh Intna Standards on Aud {UK) (ISAS IUKI} and applThbie law. Our rEspOnslilrt uThJer th¢Jse starmjards are further de"t in the Auditots, responbIlItS for the audrt of the fina)cial Statts of wr rewL IAÈ are inderendent of the tharity in a[zordan wth the ethal wu1rnts Ihat e relevant to audit of the finarKial sLmnts in the UK, induding the FRCS Ethal Standard. ar¥J thI1 our other ethKal reSpOnbIlltles in appropriate to a bags our op¥1. Conclu8ioni rnlattng to going con¢em In auditing the firwKkg1 staten. h8¥e Ihat tntstees, use of ts 9)Wbg ctncem basis of Ct)nditions tha( indNidualty or colkthÈly. may cast svJn1fnt doubt on the chartys ability to c#)ntinue as a g)ing corKem for a pemd of at monts fr[ when the financial statements are aulhorised for reant seclions of1hts ier•Jt ilded in the Annual ReFKrt other than the fiCIal ststeffnts and our Re1 of the lThJeFeryJent Auditors Our opinion on the ffirn( Statem (k¢s a)Ntr the otw informatiM and. except to the extent In connfjctrjn wth our audit the financkn statts, our resronsknlity is to read the olher InfnatiOn and. in (h)ing g), conspjer whether the ¢)ther infCrfMa is incori1 wilh the finaTrial stat8ments or our kntrwlethJ8 obtained in the audit or crt aFpars to be materialty misstated. If we identsfy such matenal incn818ncs or warent maierial mBslatents. are rg]uired to detemiine whether this gNes ris8 to a material misslalwnent in the fiThar statenEnts themth. If. based on tr wcKk we have report that fac nothing to reFth in thts rewd. Mattern on which •re Ywulred to rwrt ty •xcapdon have nothing to repyt in resp1 of the foEkMng maltets WI8 thg Chariliey {Ac£thints and Reports) Regulatvjns 2008 requires us to repryt kn you rf. in ¢)ur yib)n: . the infomiat¥)n given in the Rep)rt d the Trustees is inc$1 in any ffolerial Yes1 with ts financial . suffuent C4)Unting rectyds been kept. . the financaal Statennts are not in agreementwith the ac(x)unting rrdS rgtums.. or Page 10
REPORT OF THE INtIEPENDEKf AUDITORS TO THE TRUSTEES OF R•spon8ibililie• of truslees As explain&l M( fulty in the stateTh of Trustee¥ Respc(tsNths. trustees a reSpwlbI8 for the preparakn of the financial siatements whth gi¥t a true arKI fw vw. and for intemal control as the mk8statemenL whether due to fraud or error. In prepariThJ the finarKxal statemerrts. the truslees are for assessing the chariVs abtlty to continue as a wing o)ncem. digsxing. as aFvI. matters relabj to Ing ctnm and ugng the going have no realk%c altemative but to ¢1) so. Our r•sponslbllltles lorth• audll of thg finan¢l•l •t¥tom We have teen appointed * auditors under K)ft 144 of the CharitEs 2011 and repcvl in acc{¢ from material mtatement whether due to fraud ¢y error. to iS9J8 a RetK¥t of the IndeFendent Audito that irtludes our opinion. Reagyth assurarKe is a high bevel of assurance, tryjl is not a guarantee that an audit o)ndud&J wi accrt?rKe ¥Mth ISAS {UKI wdl afrways a mnal misstatnI when it exists. Misstatements can arise from fra lx effor and are (wsvjered malwol rf, 1md811Y c in the awrwe, financial staternts. Irregularities. irudry fraud, are instances of with Iw5 TegulalM)ns. dwn prlUreS in line wilh wr re¥SlIs. (Artlined atmyrfe. lo dèt1 material miss1a1ents in TW of irreguLaTe5, induding fraud. The extent to whth Jr wct&Jures are wle of detecling 1rreguk8fes. induding fraud. is ¢tsiled bekmf. an UnderlVj of the W 8Th1 wulatory framefjrk in whKth the c(¥npany through review of Trustee minutes. have evaluat&l manw incentples qwbjnths for fraudulent rr0n1pulal cl the recOgn"On al cut-off and that the pn"Th¥AI Fisk was reW to the F#)sting of inappropriate journal entries to NrwoNt the resuK betse ts year eThJ. hthe athJres8ed thi8 by assessing Tr)umd entries as pwt 0fr planning audit approa. have also wmmunicated relevant ¥Jents Iwws aTrJ reguLgt)n$ aTrJ Fthxentd fraud risks to all laws and reguL8tions throUg1rt the There are inherent Iwnitalv)ns in the audit descr are s11(ely to tecome aware of InStsn of rn-c(1qnCe with laws reguLtS that are not c• to events and transacbons refiected in the finarKial ststements. Ab). the of not deterAirvJ a material misStatet due to fraud is hher than the rtsk of rKJt deteJth"ThJ one resulling fr(¥n error. as fraj may invofve deliber oywknent by. A further descript of our responsts'lrties for Ihe aLKlit c¢ the fvwKa Slateffts i8 hted on the Finantial Rewrting Councifs website at WW4V.frc.wg.uklwJitmgwthities. This de3ryti( forms part of our Report of the IndeFendent Auditor& pa 11
REPORT OF THE INDEPENDEP AUDrroRS TO THE TRUSTEES OF Use of our report Thi8 rewt i8 made g)18ty to chtys trustees. as a ik>Jy. n Xan(% 7hryth Part 4 of the chare$ (Accounts and ReF4ytsI ReguM¥$ 2(W. Our audit woth has been undertaken so that we mwJht State lo the chari$ trustees those matters are rw]uir&J to stste to in an audrtory, repcrft and for no other purFM)se. To the fulw extent pernitled by W. <h) ac¥ or assuffe resWtslbty to anyone other than the charity and ts thartys trustees as a tK, Kl for thks rem cff for thè opinions we have formed. n Limitsd ststiJtThy Auditors Larch Hse ParkLands BunesS Pa Denmead Hampshire P07 6XP l *l.f ILL p12
ST PA4(LEBONE ELHJCATIONAL FOU14DATION STATEPW OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 AUGUST 2025 31.8.25 31.8.24 Total funds combined fun(ts INCOME ANO ENOOWMEpifs FROM Inveslment InCc 311.( 311,C60 317,726 EXPENtXWRE ON Raising lunds 3.*2 3.469 Ch•ritabh EdLKational grants 344,124 T¢)tal 309.717 )9.717 347.593 Net gains on irwest 3.234 3234 358.729 NET INCOME 4,5TT 4.577 328.862 RECONCILIATION OF FUNDS Total funds brought forward 345.103 8.485,214 8.830.317 8.501,455 TOTAL FUNDS CARRIED FORWARD 349.680 8.485.214 8.834.894 ,830,317 Page 13
BALAIICE SHEET 31 AUGUST 2025 31.8.25 31.8.24 Total funds CA)mbined funds fvnds FIXED ASSETS Tangible assets In¥e#tm&nts Inveslments 10 210 337.454 385.214 8.1CQ.OCrt) 722,668 8.1CQ.000 762.7S6 8.100.OC 12 337.454 8.485.214 8.822. 8.863,C CURRENT ASSErs Debtors Cash at bank 13 4.649 1{.745 4.649 106,745 40.029 47.562 111,394 111.394 87.591 CREDrroRS Amounts falling due wilhin one year 14 (99.168) (99,168) {120,280) NET CURREKf ASSErs 12.226 12.226 132,689) TOTAL ASSEfs LESS CURRENT UABILMES 349,680 8.485.214 8.834,894 8,830,317 NET ASSErs 349. 8.485.214 8.834,894 8.830,317 FUNDS Unrestricled furKIs ErKkA¥Wt funds 15 349.680 8.485,214 345,103 8.485.214 TOTAL FUNDS 8,834,894 8,830,317 The financial were ¥yo¥ed arKI aut1 for issue by the Board (rf TnJste8s arKI aultlri88d for and thpre suned lis behalF by". Mrs K M Roskell. Trustee P•Jè 14
ST MARYLEBONE EtXJCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMETr¥rs FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POUCES Basi¥ of prnparfng the Ilnancl•l statem The financial statements rrf Ihe charty, 15 8 benefit tity urthr FRS 102. h¥t twi prepared in xC0rdare wilh the Charities SORP (FRS 102) 'h£countsry and Repybng by Charit. Slateffenl of RMmended Pr&£ to tharths pwrirvJ tsir )Urts in au))rdance WFth the Financial ReF¥Jrting Slandard apF4Kat4& in th? UK and Republ of Ireknd (FRS 1021 leffethve 1 Janu 2019)., Financial RekxvbrKJ Stsndafd 102 Tr Financial Reporting Standard applicable in the UK Republ of Iknrf arrtj the Charilies Ad 2011. The financkal stalwnents have The Charity meets the deftnrt of a Wb1 entity urthr FRS 102. Assets arKI lia111 are Inalty recc43nised al historical cost or trartsaction Val urt ottHwi5e stabJ in the relevant aLrountin9 poly notes. Financlal reporting standard 102 . r•duc•d dknclo8ure exemptioTrs The charity has tsken advantsge of foMryhryr¥J dJ)Sure exemplK¥I in preparing Ihese finanoal statements, as peitted ty FRS 12 Tr FinaKd Reporting StsrKkrd applicable in the UK and Re1C crf Irnd'. Income Investwnt ir reli¥ty by charity: this is rnymalty w notsfrakn ofthe rtwe¥t FOKI cy payabkn by the bank. the divJend due. Eyndituro probable setknent i8 required and the amount can be ffeasufed reliatty. All ts)sts are albxated to the applicae experKlilure heading that a93reWe sinilar costs to that catsyy. Wthere costs canrK•t be directy attributed to parttixLgr IJ19$ ty haNt been alktated on a basis 0)nsistent Vth the use of resources. with centrnl staff costs alktwJ ¢)n the to9s of time spenL and deprttiatson Charges Grant are reccsnised as expvKliture thl)8n the conthiijns their pvyment have beth met the ¢knity has ciJrniunKd ils to a gait to a ret who then ha5 a reasonable exWat#)n that they will recert a grant or the tharity has m a publ annourtht Zknut a {Minen1 whith Ks errf)ugh for the rripient to have a reascabk expt that they wll recew a grant or there is an estaJlish8d pattern of prth wthith VwjaIes to Cipnt that we wll twjnour our ccrfnmitinent P•J8 15 )ntmued...
NOTES TO THE FI4ANCIAL STATEMENTS. contlnuod FOR TrE YEAR ENDED 31 AUGiM 202S ACCOUNTING POLICIES- wrtinued Raising fund8 inwrrad in tr&Jing thai raise Chaiitabl• activlti Charitable exFwditure IIK¥se costs incurrtsl by dwrity in the [rY of itg a(71 and semees for its beneftiaries. 11 Iude$ LKAh costs that be alated dir to SLth and requirements, induding a11( strategK ¥KI trustees'8 m8elings and rbUrs0d Tanglbb fu•d a888ts usefvl life. 25% on c#J81 lThJNklual assets we initialty recJ)rd&l at c(rt any subw]uent xwrnjlated depreciats and subsequènt 8coJmulabJ irpalrrnf h)sses. IrhjUaI rd assets costwu £250 or more are the balan sheet dale. Realised gains and kjsses on inSImts are ¢akuld as the drfferencg behveen sales prcteeds and thr martet 1e at ts start of the r. or Ih8ir subsequent ts)sL and are charged or uedrted to the Statefftht of FwwKaal kn11S in the perKyJ of disposal. Unreali5ed gains and kwes rwesent the in nwket values duriNJ the year and are credited or charpj to the StateTrRrt of Financial th8 market valuè al the year eTrJ. Investsment prcpety is at recent Ydluath. Y gregth surplus or dgf¥)t aising from ¢hanges in faw value is rwiwl in the Ststanert of Fiwicaal Actsvts. Tantion The charity i8 n$Iered to pass the tests set (xrt I SddUl? 6 L the Finance 2010 and IrefOre rt meets the definilion d a charilal)le C£rfT4)ary for UK 0)rporat tax purFoses. Accordingty. the chanty is Fthntialty exw frcffi laXi in respect of in¢xne or •1 gains receNed wsthin categorns ct)wwl ty Chapter 3 Part 11 of CpoTrti Tax A£t 2010 or Section 256 of the Taxaknn of Chafgeth Gal¥ 1992. to the extwrt that suth inc3Jne or gains are appl Unrestri¢Xed incLTh fur¥Js we gerwal fthds that avalable ts use at the tru81ees¥ th'suelion in Pem)anent fvnd5 reKesent those ¥iNpstrnent assets Iland and eashl hekl by the Charity. Maryledone Sthool for Orphan Grils in 1934. Hirn Puh410 and IoA8lng ¢ommlbn•nts Rentals paid urKler efthb'ng leases are to the stakn)rt of Fin1 Acvit on a straight line basis 0r the ofthe18ase. P¥16 continued...
NOTES TO THE FINANCIAL STATEIIEMfs- ¢¢)nlinu•d FOR THE YEAR ENDED 31 AUGUST 2025 AccoupmNG POUCIES. contin11 The charty ¢wates a defined ntrtion Fensicrfl sdw. Contrlxths payab to the charitys pension scheme are tharged to I StateTht of FinaKial Acwtss in the riCl to vthich thèy retate. INVESTMENT INCOI 31.8.25 31.8.24 t4Jmbined 291,LXKI 18.493 1.&87 295.583 20.688 1,455 Bank interest 311,rffjo 317.726 RAISING FUNDS 31.8.25 31.8.24 ¢4Jmbined Portlolio ffnagl 3.362 3.469 GRApifs PAYABLE 31.8.25 31.8.24 c¢)mbIr1 Educat)nal grants 272.415 2%.302 The total grants papj lo lnst1bth durir¥J the yearwas as folbs: 31.8.25 31.8.24 combird Royal Ac&Jemy of Royal Colkge of Music The Sl Marylet)ne Church of England Sch( The Sl MaryleLhJne Church of England BrM3e Sc*Krt4 Deaneries ofthe Cty dlAÈstrninster Stvincenfs Famity Prc4ec Christ Churth 8entirKk Churth of Pr¥wy Sc pim1 MUS FouThJation Oorothy Gardner Nursery Mary Patterson Nursery King Sobmon Acaemy 8urdett Coutts Townshend St Peterfs Ch4)penham Me The Gw Coat Hosytsl St Matlhvws Primary Halffidd Primary 11,727 14.073 125.484 55.702 14,045 11,705 112.524 59,8 20,C(KI 5.2(KJ 5.21x1 3,280 8.400 8.000 10.(KJ) 8.500 249,966 252.770 Page 17 cx)ntinued...
NOTES TO THE FINANCIAL STATEMEpifs. ¢onlinl FOR THE YEAR ENDED 31 AUGUST 2025 GRAKfs PAYABLE- contlnu•J The total grants F4MI to Ind durvvj yearwa5 as f<AbyAx" 31.8.25 31.8.24 c(¥nbined Grants p8yth to WKlThidu 22,449 43,532 31.8.25 31.8.24 of equiFrfnent Stho)I maintenance 107.991 104,564 20.0 25,0 129.918 8,¢)00 3,620 5,200 46,671 Student 9rants Provi8KJn of prci&X fun(ng Provision of schc4J In"ps prov of unif(xms 8.970 5.2¢XI 272,414 2,302 Totals Educational granls 25.836 8,104 33.940 Suprth1 costs. indudwj in the at)ve. we as fo$. 31.8.25 31.8.24 combined Totsl Educanal grants 17.924 351 15 437 136 471 17.397 PensM)ns Rent Insuran IT supwrt Subscriptpms PrinliThJ, post¥ and ststKK Bank charges Depreekation 1S 437 1,094 172 1.174 210 362 15,810 25.836 Page 18 continued...
ST MARYLEBONE EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- conthiwl FOR THE YEAR ENDED 31 AUGUST 2025 SUPPORT COSTS. continu•d 31.8.25 31.8.24 ¢4Jmbined Total actiwt grants 4,244 3,958 Audito. remunernlion fc¥ non 850 3,010 Legal and Wofess fees 6.180 8,104 10.938 TRUSTEES, REMUNERATION AND BENEFrrs year ended 31 August 2024. 31 August 2024. STAFF COSTS 31.8.25 31.8.24 combined 17.924 351 17.397 335 Other pensh)n Costs 18,275 17.732 The averag8 monthty nuner of wfvees ring ts ywwas as folkns'. 31.8.25 31.8.24 ombiwj cw to the trustees No emptyees reI¥j nduffnts in excess of £60.IJ)O. P4e 19 continued...
NOTES TO THE FIIANCIAL STATEMENTS. ¢(Mrtlnu•d FOR THE YEAR ENDED 31 AUGLLST 2025 COMPARATIVES FOR ThE STATEMEKf OF FINANCIAL ACnVtnES Unrestithd Total funds combined INCOME AND ENDOMIEpifs FROM Investment ino)me 317,726 317.726 EXPENDtfuRE ON Rain9 funds 3,469 Ch•rtt4ble athltl•s Educat4Jna grants 344.124 344.124 Total 347.593 347.593 58.729 300.CKKI 358.729 NEf INCOME 28.862 3(X),LM)0 328.862 RECONCIUATK)N OF FUhf)S Total funds brwghtfoThvard 316.241 8,185.214 8,501,455 TOTAL FUNDS CARRIED FORWARD 345.103 8,485,214 8.830,317 TANGIBLE FIXED ASSErs equipment COST At 1 Septemtw 2024 a)d 31 August 2025 DEPRECIATION At 1 September 2024 Charge for year 1,236 210 At 31 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024 210 P•Je 20 continued...
NOTES TO TrIE FINANCIAL STATEMENTS. conunued FOR THE YEAR ENDED 31 ALIGUST 2025 11. FIXED ASSEf INVESTMENTS Listed MARKET VALUE At 1 Septber 2024 SP1$ Re¥akAt*% 762.7 143,362) 3,234 At 31 August 2025 722.668 NEf BOOK VALUE At 31 AuSt 2025 722.668 At 31 August 2024 762.7% of investsnonts by geogr¥hl area as fdkxs." 31.825 31.8.24 Held within UK Held outsK1e UK 762.796 762.7 Holding .304.27 455.200 Martet Value £163.288 £5,203 COIF clItS In¥Egtrnenl FuThJ- In¢>Th UfMI¥ Rathbone Unil Trust ManageThnt- Core for Ch¥btss Inc The fair value of listed irNeSts is detemined ty refererts to quot&J prKes for K18nb'cal assets in 11 INVESTIAENT PROPEFrrY FAIR VALUE At 1 September 2024 and 31 August 2025 8.100.C BOOK VALUE At 31 August 2025 8,1,000 At 31 August 2024 8,100.000 The land cffl whth pwl of the Royd mu stands is leased from Fhxard de Wa>Jen Estates for a tem) of 917 yeats from 25 Marth 1837, * the yearty rent of £15. By an undertease this land fronting Maryletrnne Roaj is OZUp by ts Royal N£•Jwny of fcrf a term of 99 years from the 24 June 1974. It is Undersk that the Rwal of Music knes the larKI on whth the rear The Royal Aoddny of mu pays rent to St Marylerye EdLKatThal Foundath)n on the basis of seven yearty indeFendenl PTofessK)nal rent assessrrth to aNi¥t at an annual fvJure. This rental InCc is the principa source of for the Fndal'S thibe5. Page21 &tinued...
NOTES TO THE FINANCIAL STATEMEIUS. contlnu•d FOR THE YEAR ENDED 31 AUGUST 202S 12. INVESTMEKf PROPERTY. Mntinuod Fair value at 31 AUst W25 15 reWe3 ty. Valuation in 2020 Valualion in 2024 7,6CKJ,000 300,1] 200,0 8.100.000 W invesknent not be rovtsl it have at the folkwirs hk8torical 31.8.25 31.8.24 as 2CO.(M)O 200,000 Investrnent wcpety was valugj C wen market 31 2022 by BNP Paribas Real Estste. The trustfjes hove o)nsNJered Ihe subseqLWt wKrease M) rental inccffr frcyn the 2023 renl review and ther8fry8 condLKled that fair value of the in¥estrnenl prowty 8131 August 2024 shId b8 irKreased ty £300,(KX). The trustees have the at 31 August 2W25 and agreed no ireaSe in valuation year. 13. DEBTORS: AiiouKfs FA DUE OIE YEAR 31.8.25 31.8.24 e4Jmbined 39.313 716 Prepayments 285 4,649 40,029 14. CREDITORS: AK)upirs FALUNG fKIE YffiMN ONE YEAR 31.8.25 31.8.24 (xxnbined Grant oJmmitrr*nts 69,824 24.250 75,462 24,250 20, 99.168 120,280 31.8.25 31.8.24 Brought forward 24,250 124,2501 24,250 21.298 121.298) 24,450 Ir)COn deferred in year continued...
ST MARYLEBONE ELNJCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025 14. CREDrroRS: APAouiifs FAWNG DUE wrrHIN ONE YEAR. ¢wtlnued 24,2SO 24.450 15. PX)VEPENT IN FUNDS nement in furmts At 1.9.24 31.8.25 Unrfj¥trfctod funds General fvnd 345.103 4.577 349.680 End0Vmfttfvnd$ Permanent EndTh 8.485214 8,485,214 TOTAL FUNDS 8,830.317 4.577 8,834.894 Net movement in fijrmts, indu1 in Ihe &y)ve are as folkMs: in funds Gene1 fund 311.C60 (309.717) 3.234 4,571 TOTAL FUNDS 311.rAo 1309,717) 3.234 4.577 Net At 1.9.23 in fvnds 31.8.24 General fund 316.241 28. 345.103 Endokninert fvnds 8.185.214 3(KI.OCrf) 8.485.214 TOTAL FUNDS 8.501.455 328.862 8.830.317 P¥23 ¢tinued...
ST IMRYLEBONE EDUCATIONAL FOUNDATICIN NOTES TO THE FINANCIAL STATEMENTS. ¢Mtlnu•d FOR THE YEAR ENDED 31 AUGLET 2025 15. MOVEPAENT IN FUNDS. continuod Incryrung Restyjl Gairts and Movement in funds General fund 317.726 (347.593) 58,729 28,e62 penent Endtrrnt 3fKI.CKKI 3CKI,O TOTAL FUPK)S 317.726 (347,593) 358.729 328.862 The wrp)¥es for the funds we to be aFWiwJ are ay fokns.. Pemianent En&)•mnt FUMI - The value of the fund OynprS of lar and other investsnents transfeTr&J from St Maryieb)ne Sdwl for orp Girls as a Pem)anent Endowmgnt to fund firture educational gran 16. indNKluals in short temi. These a subix to annual ¢#th. ahrjgh se are enmmitt&l levds of fuThJing. the costs are exF¢rtsJ to the SOFA wi year in exh yeaV5 furKling contributwJn is made. 17. RELATED PARTY DISCLOSURES The St PA•rylebonè chUh of Engl•r Brfdg• S¢hool (The Reverend Dr Canon Stsphen Evans ts a trustee) Grants totallirwJ £55.701 {2024'. £47.> pre Pa to the ScK31 during the ffinwcial pericJ. At the balance sheet date the anTh)unt to was £4298 (2024.. £24.948). Tho St PAarylebCX ChuY¢h of England School (The Revefend Dr Canon St Eyans is a tnth) Grants totslling £125,484 12024: £101.029} paKI to the SclKxl during ts fin181 At the baLqnce sheet d the TnI due to the Schcd was £65.525 {2024. £50.5141 St Wincents Famity Proi•¢t {Mr Varty ts CEO) Gr8nts totalng £520012024: £5.2(M)} Tfft FwJ to tr Prrye(X durwvJ th8 finarbial 24 continued...
ST PAARYLE8ONE EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS. contlnu FOR THE YEAR ENDED 31 AUGUST 2025 18. ULTIMATE CO110LLING PARTY The Chanty is the trustees on trall the 19. CHARtrf IAERGER The trustees haNe transfwwj the assets aclribes d the FoundatN)n to a CIO (St Maryletone EducatK)nal Foundat, CE028. dlIty number 1199592). A degd of transfer dated 21 October 2024 transferred the as%ts aThJ tharitable N¢t into the inoxr1x charity. The accourts have been kYep8red under merger ntr"ng rules arKI ttsrefcwe ihe UnincUFX)r charity (number 3123781 and the irp)raJ tharity {number 11995921 are a5 thrOh they h•J aws been ccmbined and presented as a ojntinuakn of the c*J ch. P•Je 25