Reglstered number. 01239748 Charlty number: 270719 Dalr House School Trust Llmlted (A Company Llrnited by Guarantw> Tru¥tsos' Report and Financial Statements for the year ènded 31 August 2025
Dalr Hous• School Trust Limitod (A Company Llmltad by Guaranteol Conlants Page Reference and Administrative Details of the Charitable ¢ompany. its Trustees arid Advisers Trustees, Report Independent Auditors, Report on the Finan¢i81 Stslements 10-12 Slalernent of Financial Acbvitses 13 Balance Sheet 14-15 Statement of Cash Fb)ws 16 Notes to the Financi81 Statements 17-32
Dair Houso School Trust Llmlted (A Company Limitfrd by Guarant••} Charity Refer•n¢e and Admlnlstratlve Detalls for the year ended 31 August 2025 Trustees Mrs Susannah Clarke Mr Adrian Downie Mr Glyn Haywood Mrs Nathalie Haywood Mrs Ann8 King Mrs Jane Masih, Chair Mr Paul McNally Mrs Vidoria McNally Mrs Amanda Silvey Mrs Maratynn Velasc¢>Mills Company reglstered number 01239748 Charlty r•glstsred numbgr 270719 Bishops Blake Be8consfield Roa Farnham Royal Slough SL2 3BY Reglstered offlce Senlor management J Bull. Head Wenn Townsend Chartered Ac(>Juntanls Oxford Indep•nd•nt auditors Bankors Barclays Bank I Churchill Place London E14 5HP
Dair Hous• School Tru$t Llmltsd (A Company Limited by Guarantee) R•port of th• Trustees for th• year ended 31st August 2025 The TnJst&&s present their annual report together wlth the audited financial stalemonls of the charitable company for the 1 st September 2024 to 31st August 2025. The Annual report seNes the purposes of both 8 Trustees. report and a directors, report under company law. The Trustees confirm that the Annual report and financial slalements of the charitabl8 company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of tho Statement of Recommended Practice ISORPI applicable to ¢hari11gS preparing their accounts in 8cttord8ncè with the Financial Reporting Standard applicabl& in the UK arbd Republic of Ireland {FRS102I. Since the charity qualifies a5 small under section 383, Ihe strateglc report requlred of medlum and large companies under The Companio$ Act 2006 Istratsglc Report and Director's Report) Regulations 2013 Is not required. ObJ•ctlves and actlvltles Pollclès and oblèctlv•s In setting objectives and planning for activities. the Trust88s have gfven due consiyeralkin to general gukJan¢e published by th8 charity commission relating to public bgnefft. Dalr House School, sltuated in a wonderful setting in Famham Royal, BuckInghamshi. provides children with a magnificent educational platfom) for growth and development. Dair House School prides itself Sn providing a hlgh quality adu¢allon for boys and glrls b&tween the agés of 3 to 11. Strat¢gie$ for a¢hi•ving obj•ctiv•s Our motto'Principium a Principio. trarbslates as:'A sure foundation from the start,. Our vlslon Is.. For every pupil lo dovglop In(Jgp8néence, respecl for others and lo achleve th&lr full potèntial by 8ncouiaging confident and curious leamers wllhln 8 safe and happy environrnenl. To achleve our vSslon, we follow the Core set of values known as the Three Cs,. Both staff and puplls Ilve by th&8e values and they are inteThvoven into our everyday lives. Al Dalr House we are: Courageous Committed Caring We are courageous.. encouraging pupils to be reslli8nt.' leam from their mistakes.. and challenge themselves beyond their comfort zones. We are committed-. promoting persistence and dedication in the ola$$room. on the sports field and through the Arts. Dedicated to tr*)Ih academi¢ and personal progress allowing every child to achieve their personal bèst. We are carin9.' nurturing pupils to find their own str&n9ths and strongly beli8ving that pupils should learn to be respectful, ¢ourtgous, kind. honest and empathetic. Wellbeing of our Dair House community is of the utmost importance. Our school is a happy school wtth kindness al the heart of everything we do.
Dair House School Trust Limited (A Company Limited by Guarantee) Rèport of the Trust9 (continued) for the year ended 31st August 2025 ObJgdlv•s and a¢tivitl•$ {¢ontlnued A¢tlvltl¢s For Achieving Objectives The school is proud of its local reputal¢on for nurturing children In a warm and caring educational environment. We are known for our happy. caring famlly environment which haE always beon present al Dair House School and for providing a slirnulaling environmenl, which encourage5 the best from our puplls. The high quality education that w8 provide also prepares children for the next stage of thelr eCatIon including 11+ entry to Grammar School and exarns to Senior Independent S¢hools. We do this by providing a broad and exciting curriculum aiméd al nurturing the academic, sporting. musical, artistic and dramati¢ talents ollheehlldren. The sohool uses the latest lechnologyand resources lo enable the children lo develop a desire lo learn and become ind8p8ndonl learners. The small classes and family environment of Dair House ensure qualty teaching goes hand in hand with excellent pastoral care. We operate a House System that encourages children lo dev8lop 8 sense of kinship and team spirit while also providing opportunities for pupils lo take on roles of responsibility as Head of School, Prefects and House Captains. Maln a¢tlvltto$ undertaken to further tho charitable companvs purposes for the public benèfflt The Governors view our Bursary Policy as important in helping lo ensure children frorn families who would otherwise not be able to afford the fees can access the education we offer. Our bursary awards are available lo all who meet out general enty requiiem8nls and are made on the basis of an individual's academtc potential 01 eviden¢e of exceptional abilities which will conlribule lo our co-eurricular Isu¢h as sport). individual parental siluations or to relieve hardship where pupil's education and future prospect would otherwis8 be at risk for example #) the cas8 of redundancy. For means tested Bursaries we lake a number of factors into cOnseration lUdIng family income. investments and Savings and family circumstances for example dependent relalNes and th8 number of siblings. Howevei, our School dS not have 8n endowm8nt and in funding our awards we have lo be mindful that we must ensure a balance betseen fe8-paying parents, many ofwhom mak8 conslderable personal sacriftces to ftjnd their Ghild's education, and tho88 benefiting from the awards. In the cases of hardship. wg may k)ok for bursary awards as supplement payment for co4urricular actlvlties, equipment and school Idps. Information aboutfee assisiance through butsarles is provided to all applying to the school. Further details of our Bursary Policy and how lo apply are available on our webslle. Achievements and p8rfomiance K•y pgrfomiance indicators The school monllors pupil numbers. as being the main KPI.
Dair House School Trust Llmltgd IA Company Limlt•d by Guarantee) Report of th• TnMte•$ {contlnued} lor the year ended 31st Au9U5t 2025 Achlavam•nts and yrfornin¢ {¢ontinued} Rovlew of a¢tivltles Our stsff have OTganis8d educational visits to th8 ChaW Opgn Alr Museum, Reading Museum. Kew Gardens, Blelthley Park, Royal Albert Hall, Riverand Rowng Museum, Windsor Great Park. Ashmolean Museum, the Gurdwara, The Living Rainforest, The Verulamium. and Windsor Casue. We had two excellent residential wsits. Years 5 and 6 went lo Chateau du Broutel in France and Year 4 had 2 nights at PGL M8rch8nts Hlll. Academically, our Year 6 boys and gids passed 11+ exams to a range of grammar schools includiThJ Bumham Grammar. Langley Grammar and Jcthn Hampden. Pupils a150 gained places al Merchant Taylors. Lei9hton Part, LVS Ascot, Claires Court, Reddam House. Caldicott. R&iding Blue CoaL Reddam House and Shiplake College. One pupil gainèd music scholarships to LVS, Holme Grange 8nd Puicèll School of Music and another was offered an academic stholarships to LVS Ascot. The school continues lo be strong in the perfomiing arts. Children have taken muslc exams from prep level to grade 5. At Christmas. Key Slage 1 and EYFS produced a wonderful nalivity'chrislmas with the Allens. arKI KS2 performed their annual Christm8s C8rol Concert at St John'$ Church. In the summer lemi KS2 performed the musical Comedy 'Porridge' lo sold out audiènces. We have also managed to produce the House Shout. the House Poetry Recitsl competition and Class Assemblies. The choir has also sung at The Royal bert Hall for Dr Barnardo's and the chamber choir vi$ited Ihe Thames ho8PlCe ts¥ice lo sing to patients and volurbteers. The School continues to provide a wide rarvJe of extra-curricular clubs ranglng from sports. arts and crafts, and musiGal clubs. The school has provided pupils with 8 full fixtu programme including swimming galas. The forest school initiative 'Dair lo Go Wild. continues to be a great su¢¢ess with ReCeptn Year 6 receiving approxlm8tely 1 hr 40 of outdoor learning undertaking such activities as den and shelter tlIdIng, fire making, problem solving and wood cutting. In September 2023 the school introduced a ngw subject to the currlculum ESR (Education for Social Responsibiltyj. ESR is aimed al instilling into the children a Sense of responsibility. both for their surroundings and for other people. It is crucial for their future well-being. happiness, and safety. The ESR curriculum covers themes suth as responsible consumerism, charity work. human rights and enviionmenlal Issues to ensure our pupils becomè true globol citizens. In Mar¢h 2024 the school was inspected by th8 ISI and m81 all the ISI'S stringent standards, thus emphasising Dair House's commitment to a high-qualty education. Fundral¥lng actlviti8s and Incomo goneration In 202425 the school raised funds for various different chariti.es including.. Rosie's Rainbow NaIal Children's Anti Bullying Mentsl Health Awareness
Dair Hou$0 S¢hool Trust Limited IA Company Limlted by Guarantee) R•port of the Tru$tee$ l¢onllnued) for the y•ar ended 31st Au9USt 2025 Golng concern After making appropriate onquiries, the board of Iru5tees has 8 reasonable expectation that the Charity has adequate resources to continue in operational existence forth8 foreseeable future. Forthls reason. continues lo adoptthe going concem basis in preparing Ihefinancial statsmgnts. Further detai15 regarding the adoptSon of tho going ncern basis can be found in thg Slatsment of Accounting Polci8s. Ro$orv•s policy The Trusteès. policy is lo manage the funds and re8erv8s, logeiher with the cashflow, of the school lo provlde forthe immediate and long lemi needs of the school. The Trustees manage the unrestricted and restricted reserves in addition lo the cash flow requirements of Ihe school having iegard to the uneven noture of cash receipts, the varying ¢ash requirements for the school's devèlopment plans and th& need lo maintain an amount for conling8n¢igs to cover unexpected unknowns slmilar to the Covid 19 paremIC situation. The Statement of Flnaneial Activities and the Balance She8t. logelherwith thts notes to the accounts, show the varfou8 funds and res8rv8s by type #nd also summarise lor each of them, the movements of th8 year logelh¢r wrih the assets and liabilthes attributable to them. Th& Truslo9s' policy Is to maintain a minimum of Freé Reserves. The Unrestricted Funds lolall8d £908,78912024.' £891,862I at the year end, of which £1,095.62012024'. £1,115.513 is répres6nted by tangible flxed assets leaving negative free r&$ervgs of £186,831 12024: £223,651). Following further development of both the buildings and stsffing 8t Dair House over recent years, budgeting is now in place lo ensure th81 reserves rise in forthcoming years, despit8 th8 imposition ol VAT on school fees. to facilltale long tem) planning and m88ting tho school's future dèbt obligations. Thè 5th001 has also taken measures to address the futu financial obligations from the ongoing trend of increasing Étsachers, pènsion contrilxjtion rates. whlch are oulslde of the dlrecl control of the Trustees. The trustees recognise the import8n¢e of continuing to work towards 8 larg91 of having surplus fr90 resgrvgs available in order to furthbT strengthen Ihg ongoing management of the s¢h¢Jol's aclivilleg. The level of r8s8Nes is monltored régularly by the Trust8 throughout the year. Flnan¢Sal Rovlew The charity's lotsl Income for th8 year w88 £1,716,270 12024.- £1,669,749) against which total expenditure incurred was £1,708,151 {2024-. £1,662,012). Th8 netsurplus of reserves was £8,119 {2024.' net surFlus £7,737). The Statement of Financial Activities shows the incoming resources av8ilable lo the charity and the extent to which the funds have been spent. This tog&therwtlh the balance sheet, shows that the charity's total Unreslricled Fund Reserv8s amounted to £908,789 12024.. £891,862), and Reslricled Fund Reserves amounted to £nil12024'. £8,808). Prln¢lpal rlsks and uncertaintits In common wlth many small independent schools, the major risks relate to variatio$ in pupil numbers which are constsntly under r&view, and the impact of polici8s outside of the school's control. One of the key risks facing 811 p8rticipating schools is the increase in TPS contribution rates which increased 43Yo from 16.48 in 201510 23.68% in 2019. As a resultofthè lale8tTPS valuation completed in March 2020, the employer contribution rate has increased by 5 / from 23.68% 10 28.68Q/o with effect from 01 April 2024. The Trustees are not in direct control ofTPS contributions made, bul are inlhe process ofrevièwing options. Governors have decided lo apply the 20% VAT on the published fees from January 2025 and will continue to monitor demand for pupil places and the irnpact thls may have. The Trustees have asked the Bursar to stress test various scenarfos on pupil numbers ahead of the Spring Temi Boaré meeting when a decision will be made on the 2025126 f8e structure.
Dair Hous• School Trust Llmlt (A Company Llmlted by Guarantee) Rport of the Trustees (continued} for the year ended 31st August 2025 Prlnelpal rlsks and uncertainties {continued> The Bursar has calculated the 1.2Yr increase in the employer nalirinal insurance rate from April 2025 lo be an addtiional £8k liability in the 2024125 financial year which the Trustees consider lo be affordable within the Gurrgnt budget. From September 2025 the Trustees have noted the whole year liability b*ill be £20k and this impact will bo discussed at Ihe Spring Term Board m8eling Investmènl polley As the school does not hold large endowment funds ther8 is limit gxternal invaslment opportunity. Free cashflow is maintained in order to prudenlly run day to day operations. any available surplus is ulSllzed to maintain existing assets lo safeguard future operatlons. Once these objectivès are met the trustees invest In developing the school facilities to support or expand the curriculum to best meet our studenvs changing need$. Principal fundlng The principal swrce of income is fees charged on a temily basis. Structure. governanc• and managomant Constitution The charity is registered as a charilable company limited by guarantee, The Charity Registration Number is 270719 and the Company Registration Number is 1239748. The trustees of Dair House S¢hool Charity Limited are also the directors of the charitable wmpany for the purposes of company law. The principal Object of the charity is as sat out in the Memorandum of Association. to promote and provide forthe advancement of education and in Connection therewtth to Conduct, cary on. acquire and develop in the United Kingdom any boarding oi day school or schClS for the education of children of either Sex or both sexos. Datails of the twslees who served during the year, and to thg date Ihesg accounts arp approved are included in the Reference and Adminislralive Details on page 1. Methods of appointment or glectlon of Trusto0s The man8gemenl of the charity is the responsibility ofthe Trustees who are elected and COvoOed under the lemis of thè Arti¢les of Association. Policies adopted forth? Inductlon and traSning of Trustees The Trustees are the Governors. The training and induction provided for new and existing Govemors will depend on Ihelr existing experienc%. The school's policy for the recruitment of new Govemrs seeks to ensure a spread of expertlse on the Board trwjt whgre necessary int1u¢tion of new Govemors will in¢lude training on educational, legal and financial matters, All new Govemors will be given the opportunity ofa lour oflhe schod, have the chanc8 to meet with stsff 8nd pupils and are provided with copies of key documents including the Govemors, Code of Conduct. Govemots, Conflict of Interest Policy and the Govemors. Infomiation BkIe1 which include the slated Aims of the School. Governors are further provided with key policies, procedur8s, accounts, budges, plans and other docUmts they need to undertako Iheir role Goverrior. As there is expected lo bo only a small number of new Gov8rnors 8ach year, induction will be carried out informally and will be tailored specifically to the individual. Training providad by AGBIS can also be a¢ssed as ¥equired by any governor. The Chair of Govemors will oversee the training in line with a training schedule provided by the senior management team.
Dalr House School Trust Llmltgd (A Company Llmitod by Guarantee) Report of the Trusto8s (continued} for thg y8ar ended 31st August 2025 Structure. gov•manc• and Manament Icontlnu•d) Pay poll¢y for senior staff The Iruslees, roles are completely voluntsry for which they r8ceive no payment or other benefit in return. Tho salary of The Senior Management Team is reviewed by the trustees annually, usually in the summer lemi for irnplementalion from the following September. The Iruslees will considerthe rate of inflation, forecasted income and profitability plus any external factors in their decision. The leadership scales in the maintained sector will be monitored for similar sized schools in order lo ensure key staff are securely appointed and retained. Organisation41 Jtru¢tur• and declslon maklng Dair House School trust is an equal opportunities employer and will apply objective criteria to asse5S merits and ensure that individuals are selected. promoted and treated on the basis of their relevant Bbilities. Teaching staff, the Board of Trustees and every person who wot1($ on the school premises whilst children may be present are required lo undergo Disclosure and Barring Semce checks priorto being appointed. Day lo day de¢isions are delegated by Trustees to the Head. Plans forfuture poylods Future d•v&lopments The Governors are committed to further develop the school's facilllies and to maintain the fabric of the school. The school has ambitious plans for future developrnent the58 includ?: Human Resources.. Continued Professional Devolopmenl oppK)riuniti8s for all staff and to furth8r develop the rolo of specialist teachers. Curriculum.. Ensure that our pupils are well prepared forthe wodd al large by continuing to offer a broad curriculum includlng thg teaching of Edue4ts"on for soal Responsiblllty IESRI, 'Dair lo Go Wild, our outdoor programme and Thlnking Skills in KS2. Building l Grounds: varUS projects are under consideration lo further develop thè school's facilities. This includes the re-design of storage are8s and replacement of the musi¢ room. The school seeks to grow revenue by introducing the governments 30 free hours fundin9 for Nursery plac8s and rant out the school's premises to holiday camps. We are also seeking lo further enhance the fomildable computer skills developed by all our childrèn during our onlSne loarning. With thls in mind, w8 aim to work more closely with MScrosoft and become a beacon school. Infomiation on fundralslng prnctlces The school does not aclively fundraise. but is aware of the fundraising legislatn raquirements. should use b8 made of external fundraisers in the future. M•mbers' Ilablllty Each mèmbei of the charitable company undertakes to contribute lo the a$set$ of the charitabl8 company in the evenl of il being wound up while they are a member, orwithin on8 year after thèy cease lo b6 a member, such amount as may be required, not exceeding the omounl specified in the Articles of Association, for the debts and liabilities contracted beforo they ceased to be a member.
Dair House School Trust Umlted (A Company Llmlted by Guarnntee) R•p¢rt of the Trustees Icontlnuedl for the yeai ended 31st August 2025 Tru$t8•s' Indemnities In accordance with nomial commercial practice, the School has purchased Insurance to protect Trustees and officeTS from daims arising from neglig8nl ads, errors or omi8510r15 occurring whilst on school business. The professlonal indemnlly Insurance provldes cover up to £1.000,000 on any one claim and th8 Cost for thg ygar ended 31st August 2025 was included in thg total insurance cost. Rolated party Iran8actlons There are no eonnecled organisations. and whore transactions have occurred with related parti8s. these are disclosod in Ihg notes to the flnanclal statements (see note 21). Statement of Tru$tge$' respon$lbllitie$ The Trustees (who are also the dlredors of the chaTitable company for the purposes of company law} are responsible for preparing the Trustees. Report and the financial statements in accordance wlth applic8ble law and Unlled Kingdom AOUntIng Standards IUnll8d Klngdom Generally Accepted Accounting Practi1. Company law requires the Twslees to prepare financial statements for each flnan¢ial year . Under company law. the Trustees must not approve the flnancial statements unkss they are satisfied that they give a true and falr vlfrw of the stsle of affairs of the charitable company and of its Incoming r8sourc6s and appllcation of resources, Including its income aF)d expenditurg. for that period. In preparing these finan¢ial statements, Ihg Trustees arg required to.. select suitab19 aOntIng policies and then apply Ihern consislenty; obsgrvg the melho¢Js and principles of the Charities SORP {FRS 102}- makg judgements and accounting eskn'mates that ar8 reasonabb antl prudenL slate whether applicable UK cOUntIng Standards IFRS 1021 have been followed, subject lo any material departures dis¢losed and explained in th& flnancial slatemgllts- prepare the financial stalemgnls on thg going concern basis unless h is inappropriatè 10 presume that the charitable comparby will Continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonBble accuracy 8t any time the financial position ol the charitable cornpany and enable thgm to ensure that the financial stalemenls Comply with the Companies Act 2006. They are also responsible for 58feguarding the 8s$ets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosuro of Informatlon to audltors Each of the persons who are Tru51ees at the time when this Trustees. Report is approv¢d has confirm8d that: so far as that Trustee is aware. Ihere 1$ no relevant audil information of which the charity's auditors are unaware. and that Trustee has taken all the steps that ought to have been lakern as a Trustee in order lo be aware of any relevant audit informalion and to establish that the charitable company's uditors are awar8 of that Infomialion.
Report of th• Indepèndent Auditors to the Memb•rs of Dair House School Trust Limlted Oplnion We have audited the flnanclal slalerMnts of Dair House School Trust Ltd Ilhe 'charitable ¢ompany'l for Ihe year ended 31st August 2025 whi¢h comprise the Slaloment of Financial Activities. the Balance Sheet. the Slal8menl of Cash Flows and the related notes, Including a summary of significant accounts'ng policies. The financial reporting frarnework that has been applied in Iheir preparation is applicable law ond United Kingdom Accounting Slandards. including FSnancSal Reportino Standard 102 'The Finanal Reporting Stsndard appllcable in the UK and Republic of Ireland, IUnil8d lfjngdorn Generalty Accepted Accounting Practi¢81- In our opinion the financial statement$= gNe a true and fair view of the slate of the charitable companVs aff8lrs as at 31st August 2025 and of Its incoming resources and appllcats'on of resources. includlng Its Income and expenditure for tho year then ended-, havè been properfy prepared in accordance with United Klngdom Generally Accepted Accounting Piaclice.. and have been prep8red in accordance with the requirgments of the Chartties Act 2011. Basls for oplnlon We conducted our audit in accordance with Inlemational Standards on Auditing {UKI IISAS {UKII and applicable law. Our responsibililles underthose standards are further described in the AuditOfS' responsibilities for the audit of the financial slalemenls section of our report. W¢ arg independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial $18temenls in the United Kingdom, including the Financial Rèporting Council's Ethical Standard, and we have fulfilled our othèr ethical responsibililies in accordance with these requirements. We believe that Ihe audit evidence we have oblalned is sufficient and appropriate lo provide 8 basis for our opinion. Concluslons r•l8tlng to golng concern In auditing the financial stslements, we have concluded that the Trustèes, use of the going concern basis of occounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identifièd any malerial uncertainties relating to events or conditions that. individually or collectively. may cast Significant doubl on the charitable companys ability to conlin4Je as a going concern for a period of al least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibS1ilies of the Trustees whh respecl to going concem ar9 descrSbed In the relevant Bections of this reporL other Infomiatlon The other infomi81ion comprlsgs tho information Included in the Annual Report olher than the financial ststements and our Auditors. Report thereon. The Twslèes are responsible for the other information ¢ontained within the Annual R8POrt. Our opinion on the financial statements does not cover the othèr Information and. except lo the extent othewse explicitly slalfrd in our rep¢rt. w6 do not express any fomi of assurance conclusion the¥eon. Our responsibilty Is to read th8 Other infonnalion and, in doing so, consider whether the other Information is malerially inconsistent with the financial statements or our knowle(Ige obtained in tho course of the audll, or otherwise appears to be materialty misslaled. If we ident'rfy such matGrial inconsistencies or apparent material misslalemenls. we are required lo determine whelhor this gives riso 10 B material misstalemènl in the financial slatsments themselves. 11, based on th8 WOTk we have performod, we conclude thatthere is a material misstalem8nt of Ihls other inforrnalion, we are required lo report that facL We have nothing to rgport in this regard. 10
Dair House School Trust Limited IA Company Llmltod by Guaranteo) Report of the Trustees Icontlnu•d) for the year ènded 31st August 2025 Auditors The auditors, Wenn Townsend. have indicated their willingness lo Continue in office. Approved by order ofthe members ofthe board of Trustees on . on their behalf by.. and signed Mrs Jane Director and air of Goverrws
Report of the Independont Audltors to the Membors ot Dair House S¢hool Trust Limitsd (continued) Matter$ on whlch wo are required to report by •xcoption We have nothing to r8pDrt in respèct of the following matters where the Charili6s (Accounts and Reports) Regulatlons 2008 requires us to report to you If, In our opinion.. Ihe infomiation goven in the Trustees. Report is inconsistent in any materiBI respect with the financial statements., or sufficient accounting records have not been kept., or thèfinanclal statements are not in agreement whh the ac(xxJntir4J records and relums., or have not receed all the information and explanations we requlre for our audit. Responslbllltles of trust8eS As explained mor8 fully in Ihg TTUSt8es' Responsibilities Ststement, th8 Trustees (who 8re also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the fin8n¢ial st8t&m8nts and for being satisfied that they give a te and fair view, and for such internal control as the Trustees delermine is necessary to enable the prèparation of financial statements thal free from matarial mlsstatsm&nt. whether due lo fraud or error. In preparing the financial slatemenls, tho Trustees are reSponsie for assessing the charltable CoMpanS abilrty to continue as 8 going concem, di8¢loslng. as appllcablo, matters related to going concgm and using the going concem basls of aGcounting unless thè Trustees eithèr intand to Ilquidale the charftable company or to cease operatSon8, or hav8 no realistic alt8malfve but lo do so. Auditors. responslbllftles for the audlt of tho flnanclol stat•ments We have been appointsd as auditor under section 144 of the Charilies Act 2011 and report in accordance with thg Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl. whether due to fraud or error. and to issue an Audiiors. Report that includes our opinion. Reasonable assuran¢¢ is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstalernent when it exists. Misstslemenls can arise from fraud or error and are considered material if, individually or in the a9gregale, thgy could reasonably be expected to Inffluence the economic deCAs8 of users tsken on the basis of these finanal slalements. Irregularities. including fraud, are instances of non-compliance with laws and regulations. We deslgn procedures in line with our responsibiliti8s. outlined above, to d818cl material misstatements in respect of irregularili8s. includlng fraud. The extent to which our procedures are capable of detecting Irregularities. including fraud is detailed below.. Enquiry of management around actual and potentlal Iltlgatk)n anil claims.. P&rforming audit work over the risk of management overrlde of controls. including testing of journal entries and other adjustments for appropriateness, evalu81ing the business rationale ol significant transactions outside the nomial course of business and roviowing accounting estimates for bias.. Reviewing minutes of meetings of those charged wllh wvernance- Reviewing financial statement disclosures and testing lo supportlng doGumentation to assess compliance with applicable laws and regulations. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities. including those leading lo a malerial misstatement in th& financial stalemenls or non-compliance wlth regulation. This risk increas8S the more that compliancè with a law or regulation is removed from the events and transactions reflected in the financial slatemenls, as we will bg less likely to become aware of instances of non-compllance. The risk is also greater regarding irregularities occurring due to fraud rather than eiror, as fraud involves Intentional concealment, forgery, olluslon. omission or misrepresentatlon. A further descrlptlon of our responsibilities for the audit of the financial statements 15 located on the Flnan¢ial Reporting Council's website at= This descTlPtion forms part of our Auditor5. Report.
Report of tho Indepgndent Auditors to the Members of Dair House School Trn5t Umlted (continued) Uso of our rgport This report Is made solely to th8 charitable company's trustees, as a body. in accordance with Part 4 of Ihe Charities IAccounls and Reports} Regulatlons 2008. 1)Jr audit wod( has been undertak8n so that we mighfslate lo the charitable companls trustees those matters we are requlred to stsle to Ih&m in an Auditors, Report and for no other purposo. To the fullgst exlenl pemlitted by law, we do not accept or assume responslbillty to anyone other than th8 ch8rit8blè company and ils members, as a body, for our audit work, for I s report, orfor the opinions we hav8 formed. Andrew Rodzynsk FCA (Senlor Ststutory Audllorl For and on behalf of Wenn Townsend Chartered Accountants, StatLrtory Audrtor Oxtord 12
Dair Hou5• S¢hool Trust Limit8d (A Company Limited by Guarantee) Statoment of Flnanclal Activities (incorporatlng Income and Expendituro Account) for th• year ended 315t August 2025 Unr•strlcted R8strict•d funds funds 2025 2025 Total funds 2025 Total funds 2024 Income from- Donations and legaciès Charitsble activiti¢$ Investments 4,116 1,690,980 10,331 10,843 14.959 2,187 1.690,980 1.658,639 10.331 8,923 Total incom8 1.705,427 10,843 1.716.270 1,669,749 Expenditure on.. Charitable activities 1.697,308 10,843 1,708.151 1.662,012 1.708,151 1,662,012 Totsl exponditurn Net movem•nl lunds 1.679,308 10,843 8,119 8,119 7.737 Reconolllatlon of funds: Total funds brought forw8rd Tr8nsfers 891.862 8,808 8.808 (8,8081 {8.8081 9DO.670 892,933 Nel movement In funds 16,927 8,119 908,789 900,670 7.737 Total funds corr1 fonyard 908,789 Th8 Statement of Financial Activilies includes all gains and losses recognised in theyear. The notes on pages 17 to 32 fomi part of these financial slalemenls. 13
Dair Hous• School Trust Llmlt•d (A Company Llmlted by Guarantee) Rogi5tered Number: 01239748 Balance Sheet a$ at 31st August 2V25 Not& 2025 2024 Fixod a$$•ts Tangible assets 1,095,620 1,115.513 1,115,513 1.095,620 Currnnt assots Debtors Cash at bank and in hand 10 58,928 531,736 590,664 48,196 558.377 606,573 Creditors: amounts falling due wlthin ona year Net Current a$s•ts I liabilities 11 {308.8571 {325,2141 281,807 1,377,427 281.359 1,396,872 Total as5•ts l•ss curr•nt liabiliti•$ Creditors: amounts falllny due after more than one year Net assets •xcluding ponslon asset Total net assets 12 468 638 908,789 908.789 1496,2021 900,670 900,670 Charity funds Restricted knnds Unrestricted funds 13 13 8,808 891,862 900,670 908.789 908,789 Total funds 14
Dalr House School Trust Lknlt•d (A Company Limitod by Guarant Regl$t•rad Number: 01239748 Balane• Sh••t (continued) as at 31st August 2025 The entity was entillod to exemption from audit under Sect 477 of the Companies Act 2006. The members have not required the entity to obtain an audit for the year in question iti accordance with section 476 of the Companies Act 2006. However, an audit is required in accordance with $edion 144 ofthe Charilies Act 2011. The Trustees acknowledge thoir responsibilities for Complying with the requlremenls of tha Act with respect to ooUn.ng records and preparation of financial statements. Thefinanci31 $1818m8nts have been prepared in accordance with the provisions applicable to entities subject lo the small companies regime. The financial ststemenls were approved and aulhorised for issue by the Trustees and signed on their behalf by.. Jane Masl Dale.. The notes on pages 17 to 32 form part of these financial statements. 15
Dair Hous• School Trust Llmltsd IA Company Llmlted by Guarnntee Statement of Cash Flows for the year ondgd 31st August 2025 2025 Cash flow5 from operating activbties Nel cash used in operating aclivf(ies (note 15) Cash flows from inv•sting acliviti•s 61,525 49,881 DNldend¥, interests and rents from investh)8nts Purchase oftanglble flxed assets 9.854 8.911 135,1841 14.7431 Not cash usod in Investlng actlvltlos Cash flows from flnandng a¢tlvMles 125,3301 4.168 Interest paid Net ¢a$h used In flnan¢lng a¢tiviti•$ 162,8361 (39.1051 162.8361 (39.1051 Change In cash and cash equlvalont$ in thè year {note 17) Cash and cash equivalents at the beginning ofthe year Cash and cash equivalents at the end of tho ygar {nolg 16 126,6411 14.944 558.377 543.433 531,736 558.377 The notes on pages 18 to 33 form part of Ihesa finan¢ial ststem&nts 16
Dalr House School Trust Llmlted {A Company Limited by Gu¥r¥nts•) Notes to the FlnancSal Ststwnents for th• year ended 31st August 2025 1. Ac¢ountlng polici•s Basis of preparatlon of flnanclal statemonts Dair House School Trust is a private chari18ble company, limited by guarantee, incorporat8d in England and Wales and is a registered charity number 270719. The principal address and register8d office Is 8lshop's Blake, Bgaconsfièld Road, Farnham Royal, Slough, SL2 3BY. Th8 financial statements have been prepared In accordan with the Charities SORP (FRS 1021 A¢counting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities prÈp8ring their accounts in accordance with the Financial Reporting Standard applicable in th8 UK and Republlc of Ireland IFRS 1021, the Flnancial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Compani&s Act 2006. Dair Hous8 School Trust Ltd meets the definition of 8 public bengfil entity under FRS 102. Assets and liabi5ilies are initially recognised at historical cost or transacllon value unless otherwise stated in the relevant accounting policy. The ffinancial statements are presented in £st8rling. the functional currency, rounded to the neaSt £1. Company status The charity is a company limited by guarantee. The members of the company are the Trustees named on page. In the evgnl of the charity being wound up. the liability in respect of the guarantee is limited to £1 per member of the Charity. Going concorn The Trustees assess whether the use of going concern is appropriate, 1.9. whether there are any material uncertainties relaled to evBnls or conditions Ihal may cast significant doubl on the ability of the trust to continue as a going concern. The Trustees make this assessment in respeGt of a period of one year Irom the dale of approval of the financlal statements. There ar& net Gurrenl assets of £307,665 {2024'. nél ¢urr&nt assets of £281.3591 and the accounts arè preparetj on a going concern basis following the refinancing of the bank loan in November 2022 and agreement of a faoilily amount of £500,000 on a floating rate basis with a term of 10 years. The bank loan is secured by a legal charge over the property of the charitable company. The Trustees have consldered relevant information, Including the annual budget, forecast future cash flows and the impact of subsequ8nl events in making their assessment. Based on these assessments and having regard to the resources available to the School. the Trustees have concluded there is no material uncertainly 8nd that they can continue to a¢Jopl the going concern basis in preparing the financial statements. 17
Dair Hous• School Trust Llmlted (A Company Llmfted by Guarantoo) Notes to the Flnancial Statements for tho yoar ended 31st August 2025 1. Accounting policiès (contlnued} Income Income is recognised in the Slatsmgnt of Financial Aclivllies ISoFA} when thè charity is entiued to the in¢ome and Ihg amount can be quantified wth reasonable accuracy. The following specific poli¢ies ar appliod lo particular calegortes of Income: Donations received in 5UPPOrt ofthe school arAniiti8s are eccovnted for UkX)n receipt ofthe fuThJs. Income from Charitab activities Pri1PallY comprises temily school fees and charges for outings arKI events held for the school beneficiaries. These are acc4Junled for the pefi)d to which the income relates. No amount is included in thè fin8nci81 statements for volunleer lime in line wSlh th8 SORP {FRS 102). Other income is recognised in the period in whKh it is receivable and to the extent the gocd5 have been provided or on coMpletOn of the service. Grants, includSng govemmenl grants, are Included in thè Slatem8nlof Financial Activities on a receivable basis. The balance of income received for spe¢ifiG purposes but not expended during Ihe perlod Is shown irbthe relevant funds on th8 Balance Shéet. Where income is received in advance of entitlement of receipL its recognition is deferred and included in creditors as delerrod incom8. Where enlillemenl occurs fOre income is received. the income is acuued. EXnditUrn All Expenditure is accounted for on an acerual basis and has been classrfied under headings that aggregate all costs related to the category. Expenditure is recognised where thère is a 18gal or conslnjctive obligation to make payments to third parties, it is probable that the settlement will be required and the arnount of the obligation can be measured r&liabty. Charitable expenditure comprisos those c051s incurred by the charrty in the delivery of its activities and S8rvic&s for its bgneficiaries_ It indudeg both costs that can be allocated directly to such activities and Ihose costs of an indirect nature necessary lo support them. Indlrect costs are all allocated lo the r and onty charilablo activity that the school has. Expendrture on charrtable activities is inwrred on directly undertaking the acllvllles whlch furlhor the chafilable company's objectives. as well as anyassoclaled support C0515. Tangible fix•d astS and doprKSatlon A review for impairment ofa ffixed 8ssel is carrled out if events or changes in circumstances indicate that the carrying value of any fN8d asset may not be recoverable. Shortfalls be¥09n the cary9 value of fixed assets and Ihelr recoverable amounts are recognised as impairmgnts. Impaimiont losses a recognised in Ihè Stal8m8nl of Financial Activities incorpLYating Income and Exponditure Accou 18
Dair Hou$e School Trust Limlted IA Company Llmlted by Guaranteel Notss to the Financlal Stat•ments for thg year ended 31s1 August 2025 l. Aeeountlng pollcles Icontlnuod) Tanglble Ilxed ass•ts and depreciation [ntInued) Tangible fixed assets are carried al cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off Ihe cost of fixed assets. less their estimated residual value. over their expected usaful lives on the following bases: Depreclalion is provided on the following bases: Freehold property Motor vehicles Fixtures and fittings 2.fi per 8nnum, straight line 25.kn per annum. reducing balance 15% - 25°A per annum. sliaight line Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charty,. this is normally upon notification of the Interest pald or payable by the Bank. Operatlng lease8 Rentals paid unoer operating leases are charged to the Slatoment of Financial Activities on a stralght line basis ovgr the Eoase term. Debtorn Trade and olh8r debtors 8re recognised at the settlemenl amount. Prepayments are valued at the amount prepaid. Cash at bank anil in hand Cash al bank and in hand includes cash and short term highly liquid investments with a short maturty of three months or less from the dale of acquisition or op8ning of the deposit or similar account. Liabilit1•$ and provlsions Liabllitlos are recognlsed when there Is an obligation at the Balance Sheet dale as a result of a past event, it Is probable Ihat O transfer of- economic benefit will be requlred Sn settl¢mgnt. and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the charity antlcipales it will pay to sellle the dobt or the amount it has received as advanced payments for the goods or s8rvices it musl provid8. Provisions are measured atthe best estimate of the amounts requlred to settle the obligation. Wher8 the effect oflhe timo value of money is material, the provision is based Dn the present value of those amounts, discounted 81 the pre-lax discount rale that reflgcls th8 risks Spec1¢ lo Ihg liabilty- The unwinding of the discount is re¢ognis8d within interest payable and similar charges. 19
Dalr House School Trust Limitod IA Company Limited by Guaranteel Notas lo the Flnanclal Statsmonts for the year ended 31st August 2025 1. A¢¢¢untlng poll¢i•s (Continu) Flnanclal Instruments The ch8ri1able ¢ompany only holds basiG financial instruments as defined in FRS 102. The financSal a$sets and financial liabiliti&s of th8 ch8rit8ble company and their m8asurem6nt b8sis are as follows.. Financial assets- trade and other debtors are basic financial instruments and aro debt inslrumgnts measured al amortised cost as detailed in note 10. Prepayments are not financial instruments. Cash at bank and deposits and bonds measured at face valuo. 8ro clossified as a basic financial instmment and is Financial liabilities - trade creditors, accruals and other creditors are financial inslrumenls, and are measured al amortised Cost as detailed in note 11. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial inslrumenl. P•nslons Retirement beneflts to employees of the chatable company are provided to teaching stsff by the Teachers. P8nslon Sch6m8 {"TPS'I whlch is a defined benefit 8Gheme. The TPS is an unfunded scheme and Contributions are calculated so as to spread the cost of pensions over employees. w01ng lives with the Charitable Company in such a way thatthe pension cost is a substanlialSy level percentage of current and future pensionable payroll. The contributions aro d&termine¢J by the Government Actuary on the basis ol quadrennial valuallons uslng a prospectSve unit credit method. As slated In note 18, th6 TPS is an unfunded multi-employer scheme with no vnderlylng assets lo assign between employers. Consequently, the TPS is therefore Irealed 88 a defined contribution scheme for accounting purposès and th8 contributions recognlsed In the Pèriod to whh they relate. Th8 Charitable company also operates a deflned contribution scheme administered by Legal and G&n8ral for non-leaching staff member5. The as5els of the schem8 are h8ld separately from those of thè charf(able company and the annual eontributions payable are charged to the Statement of Financi81 Activities (SOFA) in the perkxl lo whlch they relate. Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtheranc8 ofthe ggngr81 objectives of the charitable company and which have not been designated for other purposes. Restrlclgd funds are fund8 which ar8 to be used in accordanGg wSih $PgGrfic restrlctions Imposed by dor)ors or which have been raised by th8 charitabl8 company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes lo the financial statemènts. 20
Dair House School Trust Llmtted IA Company Llmlted by Guarantee) Notes lo the FlnanGlal Statsm•nts for the year endod 31st August 2025 Aceountlng pollcies 1cont1nu) Critical a¢¢ountlng •$tlmates and areas of judgm•nt Estimates andjudgments are continually evaluated and are based on historlcal experience and other factors, including expectations of future events that are believed to be reasonable under Ihg circumstances. Critical aOUntsnQ eslimales and assumptions= The only area of estimallon used by Ihe charity is depreciation, which is based on expected useful lives and historical information. 2. In¢omo from donatlons and legacig$ unrestrict R•strlctsd funds funds 2025 2025 Total funds 2025 Donations Grants T+)tal 2025 4,116 1,443 9,400 10,843 5.S59 9.400 14,959 4.116 Unrestrlctod R•strictod funds funds 2024 Totsl funds 2024 Donations Total 2024 2.187 2.187 2.187 21
Dair Hous8 School Trust Limitsd (A Company Llmited by Guarantee) Notes to the Financial Statgmgnts for th• ygar ended 31st August 2025 3. In¢omo from charltablè a¢tivitiè$ Unrestrictod Tolal funds Total funds funds 2025 2024 2025 Gross fees and charges 1,719.692 1.719.692 1.874,732 An¢illary revenue 174,474 174,474 162.291 Dlscounts gNen 1203,1861 1203.1861 {216,0931 Total 2025 1.690,980 1.690,980 1,658.639 4. Invo$tment Incixn• unrestriOd Total funds Total funds nds 2025 2024 2025 Other income 10,331 10,331 8,923 Total 2025 10,331 10,331 8,923 5. Analysls of expenditure on charitable activities Summary by fund typa Unrestricted funds 2025 Restricted Totsl lund$ Total funds funds 2025 2024 2025 Total expenditure 1,697.308 10.843 1.708,151 1,662.012 6. Analy$l8 of oxp•nditurn by adivities Dirèct costs 2025 Supp¢rt Total ¢oBts funds 2025 2025 Total expenditurg 1,337,459 370,692 1.708,151 22
Dair House School Trust Limitgd {A Company Llmlted by Guarantee) Notes to the FlnanGlal Statements for the yoar •nded 31st August 2025 6. Analysis of expendlture by activitiej (continued) ActivStles undertaken dlrectly 2024 Support Totsl funds 2024 2024 Total expenditu 1.337.459 370,692 1.708,151 Analysi¥ of dlr•¢t costs Totsl funds 202S Activitsos 2025 funds 2024 Wages and salaries ProvisK)n of education sgrvi¢es 860,927 476,532 860,927 476,532 844,425 537.476 1,337,459 1,337,459 1.381.901 Anaty$is of support costs Totsl fund$ 2025 Total funds 2024 Actlvttles 2025 Wages and salaries Training Advertising Telephone and postage Motor vehicle expenses IAPSIISI accredilalion and affiliation Loan interest Payable Bank Gharges Spoech day costs Governance costs other Administrallve Costs 249,611 7,129 9.911 4.467 1,826 9.187 31,408 222 5.431 27.289 24,211 249.611 7,129 9,911 4,467 1,826 9,187 31,408 222 5,431 27,289 24,211 152,240 12,515 10,712 7,473 6,142 8.628 39.105 212 5,863 25,333 11,888 Total 2025 370.692 370,692 280,111 23
Dair Houso School Trust Llmlted (A Company Llmlt8d by Guarantee) Notes to the Flnanclal Statements for tho year •nd•d 31st Augllst 2025 6. Analysis of •xp•nditure by activitie$ Icontlnuedl Analy$ls of support costs {¢¢ntlnued) During the year ended 31 August 2025, the charity incurred the following Govemance costs: £17,648 audit and accountancy fees and £9,641 legal and professional fees {2024- £11,874 audit and ac¢ounlancy fees and £13,459 legal and professional fees) included within the table above. N•t Incomel {Expenditurel 2025 2024 Thi$ is stated aftor charging.. Depreciation oftangible fixed assets.. ownèd by the ¢harfly Auditors, remungralion - audit Auditors. r8mun8ration - other s8fVICèS Operating lease rentals 55,077 57,334 9,600 9,000 15,192 16,695 Staff costs 2025 2024 Wages and salaries Social security costs Employers, penslon ¢ts 855.739 796,044 78.207 66.836 176.592 133.785 1,110,538 996,665 The average number of persons employod by the charftable eompany during the year was as follows.. 2025 No. 18 15 2024 No. 18 17 Teachers Non-teaching 33 35 24
Dalr House School Trust Limited {A Company Llmlt¢d by Guarantee) Notes to the Flnancial Statements for the year gndgd 31sl August 2025 staff costs Icontlnu•d There w8r8 no employeos whose employee benefi'ts (excluding employer pansion costs) ceeded £60,000. The key management personn81 of the charlty comprlse the Truslees and Ihe senior management team as listed on page 1. The total amount of ernployae benefits Ilncludlng employer pension contrlbutlons and employer natlonal Insurance) reGelved by key managomenl personnal for their gervlces to the charlly was £81.39912024.. £75,967). During the year, rthe of the trustees were paid remuneratlon 12024.. £NII}. No Per101) contributions were made by the charitable company on this amount {2024: £nlll and no other paymgnts were mJe12024.. £nlll. Durirbg the year no Trust86s were reimbursed any expenditure (2024.. £nill. Tangible fixed assots Freehold property Motor Flxtur•$ and vehlcl•$ flttlngs Totsl Cost or valuatlon At 1 Septembgr 2024 Additions 1,736,787 25,500 194,461 1,956,748 35,184 35,184 {22,9961 {22,9961 2C6.649 1.968.936 Disposa15 At31 Augu$t2025 1,736,787 25,500 Depreciation Al 1 September 2024 Charge for the year On disposal At 31 August 2025 650,669 33.936 25.420 21 185,146 841,235 21.120 55.077 122,9961 122,9961 163,270 873,316 684.605 25,441 N•t book value At 31 August2025 1,052.182 59 43.379 1,095,620 At 31 August 2024 1086 118 80 29315 1 115513 25
Dalr House School Trust Limited (A Company Llmlted by Guorantso) Notes to the Flnanclal Statements for the yoar •nd•d 31st August 2025 10. Debtors 2025 2024 Due within on• yoar Trade debtors Other debtors Pr&payments and accrued InMe 28.384 9.744 20.8 58.928 17.317 9.744 21,135 48.196 11. Credltors: Amounts falllng du• wlthln on• y•ar 2025 2024 Bank loans Trade creditors Depostis Fees received in advance Other creditors A¢¢ruals and deferred income 25.011 17.124 7.000 180,149 68.343 11,230 308.857 21.800 36.402 7.0 207.135 29.700 23.177 325.214 The bank loan is secured by fixed and floating charges dated 25th November 2005 and 10th May 2006 over the undertakings and all property and assets of the company. In November 2022 the charllable company refinanced the bank loan and have agreed a facility amount of £500,OOQ on a floating rale basis with a term of 10 years. The bank loan is secured by a legal charge over tho property of the charitable company. 26
Dair House School Trusl Limited {A Company Limlted by Guarantee) Not¢s to the Flnanclal Statomonts for the year •nded 31sl August 2025 12. Creditors: Amaunts falling due after more than onè year 2025 2025 Bank loans Other creditors 425.138 43,500 450,202 46,000 468,638 496,202 Induded within the above are amourts falllng flue as folbws: 2025 2024 B•fvi8en one and Iwo yèars Bank loans 25.011 23,641 B•tw•en two and I1 years Bank loans 92,379 83.191 Ovèr five years Bank loans 307,748 343.310 Th8 bank loan Is se¢urod by a legal charge over tho property of the tharitable company. 27
Dalr House School Trust Limited IA Company Llmlted by Guarnntee) Notes to the Ftnancial Statemenls for the year ènded 31st August 2025 13. Statement of funds Statemenl of funds - current year Balance at 1 September 2024 Balance at 31 August 2025 Income Exp•ndltur• Transfers Unr•¥trlcted funds Gen&ral Funds 891,862 1,705,427 {1,697.3081 8.808 908.789 Rostricted lund5 Lease of minibu8 8,808 {8,8081 Best Pradice 9,400 1.443 19.4001 {1.4431 PTA Gear 4 Music Total offunds 900,670 1,716,270 (1.708,1511 908,789 stst•m•nt oflunds- prlor year BalanGe at 1 September 2023 Balance at 31 August 2024 Incom• Expenditure Tran51ers Unrestricted funds General Funds 884,125 1,669.749 {1.662.0121 891,862 R95trictgd lunds Lease Of minibus 8,808 8,808 Total of funds 892,933 1,699,749 (1,662,012) 900.670 The school received a donation towards the lease of the mlnlbus. Th6 funds transfer in the period was made to r8¢t the asset purchase the restriction being met. The school received a gr8nl for the employment of a teaching assistant. Thè school received a donation towards Ihe cosls of music equipment. 28
Dalr Hous8 School Trust Llmlt•d {A Company Limited by Guarant••) Notes to the Financial Statements for the year ended 31st Au9USt 2025 1 Analysis of net a55ets between funds Analys1$ of ngt assets between funds - current year Unrestrict•d Re51rl¢ted funds funds 2025 2025 Total nds 2025 Tanglble fixed assets Current asset$ Creditors duo within one year Credltors dug in more than one year 1,095,620 590,664 {308,8571 1468.6381 1.095,620 590,664 1308,8571 1468.638) Total 908,789 908,789 Analysis of net ass•ts b•bY•an funds - prior year Unr•strict•d Restrl¢t¢d funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Totsl 1.115.513 597,765 (325.2141 496,2021 891.862 1,115,513 606,573 {325,214} {496,2021 9)0,670 8.808 8,808 29
Dair House School Trust Limited (A Company Llmlted by Guarantee) Notes lo the Flnanclal Stalements for Ihe year endèd 31st August 2025 15. Reconciliation of net movement in funds to net cash flow from op6ratlng a¢dvltl•s 2025 2024 Nel expenditure forthe year las per Statement of Financial Actlvitlesl &119 7.737 Adjustments for.. Deprecvation Charges Interest paid Dividends, interests and rents from inv8slm&nts Increas& Sn debtors In¢reaselldecreasel Sn crndilors Nel cash provided byllused in) operating activities 55,077 62.836 {9,8541 110.7321 143,9211 61,525 57,334 39.105 18.9111 14,823 160,207} 49,881 16. Analysis of ¢ash and ¢ash equivalents 2025 2024 Cash in hand 531.736 531,736 558.377 558.3rr Total cash and cash equivalents 17. Analysls of changes In net debt At1 September 2024 Cash flows At31 August 2025 Cash al bank and In hand Debt due within 1 year Debt due after 1 year 558,377 (21.8001 1450.2021 86.375 126,6411 {6,3831 28,236 531.736 128.1831 1421,9661 81,587 {4,7881 30
Dalr House School Tru$t Llmltsd {A Company Limited by Guarant•e) Notes to tho Flnanclal Staternents for the year ondod 31st August 2025 1& Penslon eommltments Toachèws. Penslon Scheme The charitsble company participates in the Teachers. Pension ScherrE for England and Walès {TPSI, a mulli-employer dgfined benefrt pension scheme, for its leaching staff. Contributlons amounting to £9,090 (2024.. £11,081) wore pèyable to the scheme at 31st August 2025 and are incluiled wlthln other creditors. Introductlon The Tea¢hers' P&nsion Scheme ITPSI is a statutory. contributory, defined benefll stheme. govèrned by the Teachers. Pension Scheme Regul81ion8 2014. Membership is automatic for teachers. but teochers have thè optlon to opl-out of the TPS followlng enrolm¢nt. The TPS is an unfund8d sth8m& lo which both the mèmber and employer makes conlribulions, as a p8rcenlage of salary - th8Sè ntributs'ons arg credited to the Exchequer. Retirement and oth&r p8nsion benéftts ar8 paSd by public funds provided by Parliament. Valuatlon of the Toa¢h•rs' Penslon S¢h•mo The Govemment Actuary, using normal actuarial principlos, conducts a formal actuarial review of the TPS in accordancé with the Public Service Pensions (Valuations and Employer Cost Capl Directions 2014 published by HM Treasury every 4 years. The alm of the review is lo en8ure scheme costs are recognised and managed appropriately and the review specifS th8 l&vel of future contributions. Acluarial scheme valuations are d8pgnd8nt on assumptions about the value of future costs, desSgn of benefits and many other factors. Tho latest actuarial valuation of the TPS was rrIed outas al 31 March 2020. The vahjation report was published by the Department for Education on 27 October 2023, with Ihe SCAPE rate, sel by HMT, applying a notional investment return based on 1.71AI above the rato of CPI. The key elements of the valuation OUtMe are.. Employer contribution rates sel al 28.68Ph of pensionable pay {including a 0.08% administration levyl. This is an increase of 5 /0 in employer contributions and the cost control result 15 such that no change in member benefits is needed. Total scheme liabilitlgs {pgnsions currently In paym&nt and the estimated cost of future benefits) for service to thè èff8clive dale of £262,000 million and notlonal assets leslimated future contrlbutlons together with the nollonal investments held at the valuation date) of £222,200 million, giving a notional past s&ryi¢e deficit of £39.800 million The result of this valuation will be implemented from 1 April 2024.The next valu811on result is due to be implemented from 1 April 2028. 31
Dair Hou$• S¢hool Trust Limlted (A Company Llmlted by Guaranteel Notès to the Financlal Ststements for Ih? year endpd 31st August 2025 18. Penslon ¢¢mmltments Icontlnu9dl The employerfs pension costs paid to TPS in Ihe period amunted lo £108.92812024.. £97.336}. AGopy ofthe valuallon report and supwting documentan is on the Teachers, Pensions w8bsite. Under the definlllons set out in FRS 102. the TPS Is an unfunded multi-tsmployer pension scheme. The school Is unable lo idenlrfy f(s $haro of the undertySng assets and1Sabilities of the plan. ACcordgIy. Ihe school has taken advantag8 of the exemption in FRS 102 and has accounted for its Contributions to the scheme os if it were a defined contribution scheme. The schod has set out abov8. the inf0m1atn available on the scheme, Defined Conlribution Scheme As disclosed wiihin the accounting policies, the charitsble company also conlribules to a defined contribution scheme for rtain othèr non-t8a¢hing staff. The pension contributions paid into that schem8 in the period amounled to £38,423 {2024.' £36,448). ConlributK)ns amounting to £3.303 {2024= £2,777) were payable lo the scheme at 31st AUst 2025 and are included wkhln credrtors. 19. Op•rallng lease commitrnents At 31st August 2025 the charitable company had commitments to make future mlnlmum lease payments under non-cancellable operating lease5 as follows: 2025 2024 Within 1 year Ben 2 and 5 year8 31,617 24.067 7,916 19.143 39.533 43,210 20. Mombgrs. IlabllSty Each rnemr of the charitable company undertakes to eonlribute to th$ assets of the company in the event of it being wound up while helshe is a member, or within one year after he15he ceases to be a member, such omounl as may be required, not exceeding £1 for the debts and liobilities contracted beforg hglshe ceases lo be 3 member. 21. R•lat•d party transactlons During the year, £761 was paid lo Bishop Spoits and Leisure Ltd for PE and Sport costs. a company in which Mr S Bishop. a trustee of the school, is a director. 32