COF*lPANY REGISTERED lio.. 1229741 REGISTERED CHARtTY.NO.. 271012 THE STUDY IIIIMBLEDON) LIMtTED REPORT AND FINANCIAL STATEMENTS 31 AUGUST 2025 THE STUDY (WIMBLEDON) LIMITED STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2025 REVIEW OF AcH￿VEmE1%TS, ACTINITIES AND FtrruRE DEVELOPMENTS During 2024-2025 we Continued to provide a high￿￿￿lity education for our pupils. The girls achieved excelleni a¢adernic results and were extremely successful in securing their f]rst choice senioi S¢hool enty. We continue to produce outsta￿dir￿s value for a School that is rLOn-selective at Reception. Our girls liave gained a IIULnber of scholarship awaids across a range of Schools and subjects, the detai15 of which can be seen in the table below.. DESTINATION 5CHDoL5.QFSÉRSIAiYAR￿2O2s ThES4￿dYPTty "Ij￿ We are very proud of the girls and all tbey have accomplished during this acadernic year. It is & combination of the girls, conunittneni and abiljty as well as tlie exceptional teaching that has produced such superb results. We believe the partnerships that develop between staff. pupils and patents help maintain the high standards and love of learning. Throughout the year the girls have enjoyed a rarLge of School visits. We enjoyed our r￿St 'A¢tivities Week. where the whole School was 'off timetable,. Year 3 took part intbeir fiist TesideAti31,' residet]tial trips included visits to the Isle of Wight, Dorset. Mathid and Fairthorne Manor activity Centre near Southampton. Ott the sPQrt5 field, the ￿rIS continuedto perforni well and our'sport for all, et[￿9 enabled all gills to represent The Study irl both inter[￿1 and external r￿tUreS. THE STUDY (WIMBLEDON) LIMITED Page 12 STRATEGIC REPORT FOR THE TrTAR ENDED 31 AUGUST 2025 All pupils in Years 3 to 6 participated in competitive fLXtures across f￿tbaII. hockey, netball and crickeL ensurino brtsad and inclusive reprcsentstion. This approach was reflectcd in strong outcomes for netball i particlllar, with Year 6 named overall Nsqnners at the Holy Cioss All-Inclusiv¢ Tournament. Year 5 overall winners at the Wimbledon High All-lnclusive Tournament,. Year 6 achieved further success as winners of the ISA West London Qualifiers, placing fourth nationally atthe ISA Chalnpionships and securing WS Regional Championship titles. Pupils also performed Strongly in indiridual sports, in¢ludin8 ISA Tennis. where the School were winners. The Swim Squad took part iTh their first competitive galas at St Georire's, Ascot and Wimbledon High School. achieving a nuTnber of tcam p13¢ings. In football, Year 5 secured both first and second place in a tournament hosted to mark the Euros kick-off, delivered in parthership with Sean McGuinness Football Coachirlg and supported by the FA'S Big Football Day and Merton Borougb of Sport. Altbough taking part in a number of high-level tournaments is good. it is as important to provide the girls with a positive experience and opportunities to play 5porL During the Sun]mer Tern), Years 4 alld 5 undertook a block of teDJ)is lesstsn5 at W¢stside Tennis Club. wl)ile Year 6 participated in a Watersports Day at Wimbledon Park L￿e and ttvo w51ts to Wandsworth Clip 'n' Climb as part of the enrichment prograrnme. Reception pupils received weekly tennis coaching from Wimbledon Club coaches throughout the summer term. and we also established a new partnership with Sean McGuinness Football Coaching, ¢u]minatirLg in a loca] School'5 tournament at Morley Parl wkn.ch the School won. Sports Day was split into two events held at Wimbledon Paik Athletics Track. Both events weEe very successfill. and it was pleasing to see the parents also enjoying the evenL We also had our first 'colow-run', followed by a social festival for pamits. Tbis was htld at Colliers Wood FC and raised £11,435 for our chosen charities. The School Council meets regularly and provides a forum for giils io express their opinions alld raise matters concerning their School. Issues are debated in class. and each class elects a representative who takes these views to the School Council meetings. We offer a broad and well-planned eXtra-Cu￿1¢Uja[ programme, with a]1 Staff (x)ntributing tt) an enhanced proNtsion that supports pupils, physical development and wellbeing. Our PE offering has been strengtbelled through incteased use of specialist facilities andextstnal coaching, including the introduction of an after-school Swim Squad from autulljn 2024 at King's College School, Wimbledon. comm￿1￿ L]NKS, CoMVUNTfY PUBLIC BENEFrr Ibis continues to be an imTK>rtant area for The Study and we have 5UPPOrted a number of local cknities. The School supports the continuous professional development of staff both through training and regular perfortnance assessment. Educational training days for all staff are held by the School during the School holidays and staff are encournged to attcnd a wide raDge of ¢xtemal training courses alongside visiting other edu¢ational institutions. Our Learning Ertriclrnent department continlles to go frorn stren￿b to strength with closer monitoring of need and supporting parents and children through an educationa] assessinent process to ensure that they are supported and appropriate 2djust]nents are put in place. The Scbool benefits froln the generosity of a thrivirlg parents association (The Study Asso¢iation). tbeclose support of which is greatly appreciated. The parents worked hard during the ycar, ratsing funds and running social event5 for the girls and their parents. The Governors are ￿teful to The Study Association for its continued support of the School. Duting this academic year The Study Association organised a Gala evening at the All England La￿Tr Tennis Club this proved to be a significant fund-raiser for the School. THE STUDY (WIMBLEDON) LIMITED Page 13 STRATEGIC REPORT FOR THE YEAR EPIDED 31 AUGUST 2025 The S¢hool uodertook a catering tendei during the year and is now working in par¢nership with Lodestone House [fO￿erIY Chartwells-part of The Compas% Group). Saunder5 AJchitects were appointed during the year to asses5 and prioritise a refurbishment plan to fL￿her enhance both Wilberforce and Spencer Houses. During the SUmD]ei of 2025 the majority of the ground floo at Spencw House was refi￿bIshed including.. Reception area, ac£es5ible toilet, leadership offjce, SEND roo and siaffroom. The lattei enabled the girls cloakroollk to be n]oved to the fllst tloor for more conslstetjt flow around teaching-relaied spaces. Phase 2 at SpenceT House is being planned and ￿11 focus on the playgroiind as WEII as enhanced site security and new front gates. FL￿ANcL￿ REVJEW AND RESULTS FOR THE YL The Govetnors repott 8 surplus of £14,669 for the year ended 31 August 2025 comp￿ed £390.171 for theyear ended 31 August 20?4. The balance sheet at 3 1 August 2025 showed net assets of £1 0.021,502 comparedwith £10.006,833 at 31 August 2024. Reserrfes at the end of the financial year were £10.021.502 (2024.. £10,006,833) For the year euded 31 August 2025. the School ¢rLcountered nu￿e[oUS extraordinary Costs whj'ch haye resulted in reduced profit at year'. s¢lect The most suitable accounting policies and tb¢n apply the￿ Consistently,. observe tht methods and principles the Charities SORP.. make judgements and estimates that are reasonable and prudenL' state whetbu applicable UK Ac¢ounting Standards have been followed, subject to any ￿￿te£la1 deparhres disclosed and explained in the financial statements., and epare the a¢countS OD the going Concern bLSiS uuless it is inappiopriate to wume that the Company will continue in business. The Directors are ￿spOnsIble for keepingproper accounting ie¢ords which disclose, with re￿Ollable a¢cwa¢y. the financial position of the Company at any time, and to enable them to ensure that the accounts comply th¢ Companies Act 2006. They are also respo1￿Ible for gafcguarding the Company's assets and those of its trust funds and ensuring their proper application in accordance with charity law, and bence for taking reasonable steps for thc prevention and dete¢tion of error, fraud or other iTreguLaTities. THE STUDY (WIMBLEDON) LIMITED Page 111 INDEPENDENT ADDITORS, REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 AUGUST 2025 OPINION We have audited the fit]ancial staiements of The Study (Wimbledon) Limited (the 'charitabl¢ company'l for the year ended 31 August 2025 which cotnprise Slalement of Financial Activities. Balance Sheet. Cashflow Statement and notes to the fitLancial statements, including a sunllnary of significalll accounting policie5. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdorn Aecountitig Stgndards, iThcluding Financial Reporting Standard 102 The Financial Reporting Standard aFplicL7blÉ in Ihe UKandRepuhlic oflreland (United Kingdom Genetally Accepted Accounting Practice). In our opinion the fjnancial statements." give a t￿¢ and fair view of the slate of the charitable ¢otnpany's affairs as at 31 Augusi 2025 and of 118 incoiiiing re50ur¢es and application of r&sour¢es, includinu its income and expenditure, for the year then ended; have been properly prepared in accord&n¢e with United Kingdom Generally Accepted Accounting Pracrice.. and have been prepared in aCcOrda￿¢t with the requirement5 of the Companies Act 2006. BASIS FOR oP￿10N We conductrd our alldit in a¢¢oidance with Int¢rnational Standards on Auditing (UK) IISAS IUKII and applicable law. Ourresponsibilities under those standards are furtber described in the Auditor's responsibilities for the audit of tbe financial statemettis section of our report. We are independent of the charitable company in accordance wilh the ethical requiEements that are relevant to our audit of the financial stalenients in the UK, including tbe FRC'S Ethical Standard, and we have fulfilled our othei ethical responsibilitie5 in accordance with tliese requiiements. We believe that the audit evidence we have obtained is sllfficient and appropriate to provide & basis for our opinion. CONCLUSIONS RELAT￿G To COLNC CONCE￿¥ In auditing the financial siatements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financjal Stateint￿t5 is appropriate. Based oil the work we have perfomie(L we have not identified any material uncertainties relating to events or Conditions that, individually or collectively, ]nay tast skgD1fica￿t doubt on the entity's ability to ¢onrinue as a going concem for a period of at least Thvelve month5 from when the financial statements are authoriged for issue. Our responsibilities and the responsibilities of the Trustee5 Wlth respect to going cotjcern are described in the relevant sectiojjs of tbis ieport, THE STUDY (WIMBLEDON) LILVIITED Page 112 INDEPENDENT AUDITORS. REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 AUGUST 202S OTHER INFORMATION The other infonnation compriges the information included in the annual report otber than the financia] statements and our auditor's report thereon. The Directors ate responsible for the other inforn)ation contained within the aDnusI report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise cxplicitly stated in our report, we do not express any forn) of assurance ¢on¢luslOn thereon. Our Eesponsib]lity is to read the other infotD]ation and, in doing so, ¢OILsider whether the other information is matrially inconsistent with the financial stakment5, or our knowledge obrained in the course of the audit orotherwise appears to bematerially rnisstated. If we idetstify such maknial incoDsisiencies or apparent ll￿terIal misstate￿C￿ts. we are required to deterniine whether this gives rise to a material misstatement in the financial statements tbem5elves. If. based on the work we have performed, we conclude that there is a ￿￿terial Misstate￿cnt of this other infomiation, we ar¢ required to report that fact. We have nothing to report IT) this regard. op￿IoNs ON OTHER MATTERS P￿sc￿BED B Y THE COMPAIYIES ACT 2006 Jn our opinion, based on the work undertaken in the course of the audiL the infonnation given in the Trustees. repo¢ which includes the Directors. report and the strategic report prepared for company law purposes. for the financial year for which the financial statements are prepared is CODSiStent with thc f]nancial statements,. and the Strategic report and thc Directors. report included within the Ttustees, report ]M be¢n prepared in accordance with applicable legal requirements. I¥IATTERS ON W￿cH WE ARK REQUtRED To REPORT BY EXCEPTION Jn the light of the knowledge and utsdetstanding of the clmtitable company and its environment obtsined in the course of the audit. we have not identified material rnisststements ID the Trustses, reportincludingthe strategic report. We have nothing to report in respect of the following matters ill relation to which the Compani&s Act 2006 requires us to report to you if. in our opinion". adequate a¢coullting records have not been kept, or returns adequate for our audit have Thot been received from branches not visited by us,. or the financial statements not in agreement with the accounting tecords atLd retums,. or certain disclosures of Trustees. remuneration specified by law are not made- or we have not received all the infomiation and explanations we require for our audit.. or the Irustees were not entitled to prepare the fJnan¢ial Statements iti accordance with the small compare5 regime and take advaniage of the small companies exeTnption in preparing the Trustees, Report. RESFONSIBILITJES OF DIRECTORS As explained more fully in the Directors. responsibilitie5 Statement set out on page 9 the Trustees (who are also the Directors of the charitable CO￿PanY for the purposes of company lawl are responsible for the prepardtion of the financia] statements and for being satisfied that they ￿ve a true and faiT view, and for such iniernal control as the Trustces deterEnine is ne¢essary to enable the preprdtion of financial state]nents that are free from njaterial misstatemenl whether due to fraud 01 e￿Or. THE STUDY (WIMBLEDON) LIKtTED Page 113 INDEPENL DENT AUDITORS, REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 AUGUST 2025 In preparing the f￿anCIal statements, the Tru5tee5 are responsible for a5sessin8 the charitable colnpany's ability ID cofltinue a5 a going concern, disclosing. as applicable, mattels ielated to goit]g concetll and using the going concern basis of accounting unless the T￿Stee5 either intend ro liquidate the Ch￿ltable company or to ce￿e operations, or haye no realistic alternative but to do $0. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE F￿CL￿L STATEMENTS Our objectives are to obtsin reasonable assurance about whether the financial statements 8s a whole are free fro￿ material misstaternenl, whether due to fraud or error, and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit condiictcd in accordaDce with ISA5 IUKI will always detect a n)aterial misstatement when it exists. Misstatemenis Can arise from fraud or ¢Ttor attd are Co￿sIdered material if, individually or in the ag￿¢g￿le, they could reasonably be expected to Influence the economic decisions of users taken on the basis of these financial statement5. EXTENT To WHICH THE AUDIT WAS CONSIDERED CAPABLE OF DETECTINL G IRREGUL4KITIES, I￿.CLuDING FRAUD The objectives of our audit, in respect to fraud, are.. to identtfy and assess the risks of material misstate￿¢￿t of the financial staten]ents due to fraud. to obtain surri¢ierkt appropriate audit evidence regardillg the assessed ri5k5 of material inisstatenient due to fraud, through desigiiing and implementing appropriate responses. and to respond appropriately to fraud or suspected fraud identified duting the audii. Howcver, the primary responsibility for tlie prevention and detection of fraud rests with both those Charged with governance of the entity and its management. Ow approach was a5 follows.. We identified areas of laws andregulation% that couldreasonablybe expe¢ted to have a It￿terial effeet onthe fillancial statement5 from our general comrllercial and se¢tor experience, and throiigh discussion with the DiTeclors and oth￿. Inaiiageineiit18s required by auditing stand&rdsl. and discussed with the Directois and other management ihe policies and procedures regardingr compliance with laws and regulations. We considered the legal and regulatory fran]eworks directly applicable to the financial statements reporti￿8 fraLnework IFRS 102 and the Companies Act 2006) and the relev9￿t tax compliaTLce regulattons; We c0Th5ideiedthe nature of the industry, the control environmeni audbiisiness perfotmance, includi￿8 th¢ key drivers for inanagement's reD)uneration', We communicated identified laws and regulations throughout our tearn and ren)ained alert to any indications of non