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 Trust￿9 (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
e￿CatIon 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 cOns￿eration ￿lUdIng family income.
investments and Savings and family circumstances for example dependent relalNes and th8 number of
siblings.
Howevei, our School d￿S 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 yrforni*n¢* {¢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 ReCept￿n Year 6
receiving approxlm8tely 1 hr 40 of outdoor learning undertaking such activities as den and shelter
t￿lIdIng, 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
NaI￿al 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$orv•s policy
The Trusteès. policy is lo manage the funds and re8erv8s, logeiher with the cashflow, of the school lo
provlde forthe immediate and long lemi needs of the school. The Trustees manage the unrestricted and
restricted reserves in addition lo the cash flow requirements of Ihe school having iegard to the uneven
noture of cash receipts, the varying ¢ash requirements for the school's devèlopment plans and th& need
lo maintain an amount for conling8n¢igs to cover unexpected unknowns slmilar to the Covid 19
par￿emIC situation. The Statement of Flnaneial Activities and the Balance She8t. logelherwith thts notes
to the accounts, show the varfou8 funds and res8rv8s by type #nd also summarise lor each of them, the
movements of th8 year logelh¢r wrih the assets and liabilthes attributable to them.
Th& Truslo9s' policy Is to maintain a minimum of Freé Reserves. The Unrestricted Funds lolall8d
£908,78912024.' £891,862I at the year end, of which £1,095.62012024'. £1,115.513 is répres6nted by
tangible flxed assets leaving negative free r&$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 Trust￿8 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)
R*port 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 schC￿lS 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 B￿kIe1 which include the slated Aims of the School. Governors
are further provided with key policies, procedur8s, accounts, budges, plans and other docUm￿ts 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 Mana￿ment 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 so￿al Responsiblllty IESRI, 'Dair lo
Go Wild, our outdoor programme and Thlnking Skills in KS2.
Building l Grounds: var￿US 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 legislat￿n 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 A￿OUntIng Standards IUnll8d Klngdom Generally
Accepted Accounting Practi￿1.
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 a￿O￿ntIng 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 Finan￿al 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 rece￿ed 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 t￿e 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 reSponsi￿e for assessing the charltable
CoMpan￿S 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 deCAs￿￿8 of users tsken
on the basis of these finan￿al 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 o￿oUn￿.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 nea￿St
£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 Pri￿1PallY 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 coMplet￿On 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.
EX￿nditUrn
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 as￿tS 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 cary￿9 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 Spec￿1¢ 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 cha￿table 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. w0￿1ng 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 wh￿h 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 •$tlmates and areas of judgm•nt
Estimates andjudgments are continually evaluated and are based on historlcal experience and other
factors, including expectations of future events that are believed to be reasonable under Ihg
circumstances.
Critical a￿OUntsnQ eslimales and assumptions=
The only area of estimallon used by Ihe charity is depreciation, which is based on expected useful
lives and historical information.
2. In¢omo from donatlons and legacig$
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$tment Incixn•
unrestri￿Od Total funds Total funds
nds
2025
2024
2025
Other income
10,331
10,331
8,923
Total 2025
10,331
10,331
8,923
5. Analysls of expenditure on charitable activities
Summary by fund typa
Unrestricted
funds
2025
Restricted Totsl lund$ 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 Per￿101) contributions
were made by the charitable company on this amount {2024: £nlll and no other paymgnts were
m￿Je12024.. £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 In￿Me
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 r￿8¢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 specif￿S 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 OUt￿Me 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 documenta￿n 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 $haro of the undertySng assets and1Sabilities of the plan. ACcord￿gIy. Ihe
school has taken advantag8 of the exemption in FRS 102 and has accounted for its Contributions to the
scheme os if it were a defined contribution scheme. The schod has set out abov8. the inf0m1at￿n
available on the scheme,
Defined Conlribution Scheme
As disclosed wiihin the accounting policies, the charitsble company also conlribules to a defined
contribution scheme for ￿rtain othèr non-t8a¢hing staff. The pension contributions paid into that schem8
in the period amounled to £38,423 {2024.' £36,448). ConlributK)ns amounting to £3.303 {2024= £2,777)
were payable lo the scheme at 31st A￿Ust 2025 and are included wkhln credrtors.
19. Op•rallng lease commitrnents
At 31st August 2025 the charitable company had commitments to make future mlnlmum lease payments
under non-cancellable operating lease5 as follows:
2025
2024
Within 1 year
Be￿￿n 2 and 5 year8
31,617 24.067
7,916 19.143
39.533 43,210
20. Mombgrs. IlabllSty
Each rnem￿r of the charitable company undertakes to eonlribute to th$ 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