ST. EDMUND'S SCHOOL TRUST LIMITED
A Charlthble Com
an
Lknited b Guarautee
COMPANY NUMBER: 01425355
REGISTERED CHAIUTY NUMBER: 278301
REPORT OF THE GOVERNORS AND FINANCIAL STATEME￿
FOR THE YEAR ENDED 31ST AUGUST 2024
INDEX
Page
Report of the governors
Ito8
Repor¢ of the auditors
9 to 11
StA*meni of financial activities
12
Sialernent of cash flows
13&14
Bala￿Ce sheet
15
Notes forrning parl of the financial sthiements
I6￿25
KNOX CROPPER

SCHO
TRUST LIMITED
Page I
REP
RT OF THE GOVE
ORS
FOR
E YEAR ENDED
1ST AUG
T 2024
REFEREf4CE AND ADMINISTRATIVE INFORMATION
St. Edmund's Sohool Trust Limited ('the School.) was in¢orporated as a company limited by guarantee on 4
June 1979, number 01425355, and is a re8lStered charity. number 278301. The liability of the members is
limited to £1 ¢a¢h. The registered office and principal address of the Company is At Hindhead, Surr¢y. GU26
6BH.
Governors
The pr#s¢nt Governors of the School who are tho directors of the Compdny and also the charity trustees, are..
J A Alliss.
M C&rter
G E Doodes, MA (resigned 23.2.24)
J A M Crowley (appointed 25.11.24)
B E Farley) BEM*
D A G&rdiner (iesigned 17.6.24)
Dr T G A Gi'iffiths, MA, DPhil
L Maunder (appoinied 23.2.24J
L G Mich&el
J E Taylor, (resigned 01.04.25)
(Chaimlan)
(Deputy Chairnian)
4M¢mber of the Resour¢es Committe¢
Officers 4dvlsors
Headmaster..
A J Wallik¢r, MA(Cambridg¢), MBA, PGCE
Butsar..
J Beeston, BS¢, ACA
Cornpany Secrettsry:
B E Farley
Auditor$'.
Knox Cropper LLP
Offi¢¢ Suite I, Ha$lemer¢ House
Lower Street
Haslemere
SuTrey GU27 2PE
Banker&'.
Lloyds Bank pl¢
S Tho Square
Petersfield
Hampshire GU32 3HL
Soli¢itOTS'.
Blake Morgan LLP
Harbour Court
Compass Road
North H4rbour
Portsmouth
Hamp5hiTe P06 4ST

Page 2
ST. EDNWND?S SCHOOL TRUST LIMITED
PORT OV THE GOVERNOR
FOR THE YEA
NDED 31
(ConllDued)
PROFILE
St, Edmund's School is proud of its joum¢y from a wo11-r¢gard¢d traditional pr8paralory 5Ghool to 4 thriving
¢o-¢ducational inst1￿¢10n offering a seaml¢s$ ¢ducational ¢XP¢Tien¢¢ from Nursery through lo GCSE at ag¢
16. Since launching the senior se¢tion in 2014, we have ¢ontinu¢d to build on our rich heTltag¢, ￿Mbining
a￿deMiC excellenee, or¢ativity, pastoral $tr¢ngth, and a nurturing ethos in on inspiring rural s¢tting.
Our Senlor School Vision:
A distinct id¢ntity that complements but r¢m8ins connected to OUT Preparatory S¢hool,
A cultur¢ of academic rigour, individual attention, and pastQTal excellence.
A broad and flexible GCSE curricultsm tailored to pupils, strellgth5 und aspirations.
Small class sizes {average of15 pupils per class), ensuring personalised learning.
A high-quality. more acc¢ssible all¢rn)tiv¢ to local senior soh¢)ol options.
A smooth transition from Prep to Senior School, supporting continuity &nd family n¢¢ds,
Our ambition is simple.. to enable every child to thriv¢
int¢llectually* emolionallyi creatively> and socially.
GROWTH AND DESTINATIONS
St. Edmund's continu¢5 to grow in both reputation and ¢nrolment, with an increAsing number of pupils
entering earlier y¢AT groups inlending to stay through to GCSE. Our unique blend of excellen¢¢ and
community has attract¢d students from Dotable sohools such as Cranmore. Dunhurst, Frensharn Heights,
Banow Hills, Seaford, and Hi8hfi¢ld.
Our Y¢ar I I pupils consistently achieve ¢xc¢llenl GCSE r¢sult5. Recent Er&duat¢s have progr¢ssed to leading
5iXth forrn colleges and independent schools includirLg'.
CharteYhDuse, BedAl¢s, BrAdfield, Godalmlng Colleg4 Reed8, Welllngton. Cr#nl¢lgh, St
Edward's Oxford, and WlTh¢hes¢¢r College, Amon8 Others.
Further d¢tai15 about our comprehensive GCSB progiamme and le8vers' destinations can be found on our
website..
St. Edmund's Senior Sehool
Numbers of pupils throughout the school have wntinued to grow thi$ year and demand for places remains
strong. Sev¢ral Open Momings take place ¢ach term for the different sections of the school and we host
Senior Step up morning for prospective pupils, that may be joining u$ irt Form 9 as well bs current pupils. We
then hogt a'Future Schools, evening for parents and pupils in Forni 10, wh¢r¢ w¢ provide All thè inf()rn)aiiThn
and advice r¢quir¢d to help guide pupi15 Wlth the n¢Kt Stage of their education.
StaDdards at th¢ s¢hool are it the highest level and staff provide the nurturing yet challenging environment in
which the children are abl¢ to thrive, aohiev¢, and enjoy, An expanded l¢kdership te8m was pul in place to
eope with the BXP8n$ion and a new tim¢l8ble using 60 minute lessons was introduced. Th¢ most recent
irtsp¢¢tion by th¢ Ind¢ptnd¢nt Schools InspE¢torat¢ (ISI) took place in October 2024. The in5P¢Ction was
carried out under th¢ protocols of the new 'Framework 23, and the report5 do not eontsin overall
judgement or grAding of th¢ 5ohool. Therefore. schools are no lon8cr rated "excellent" (OUT previous
gradings) bu¢ instead the report fo¢u55es on the extent to which a school meets tho criteria for the expected
standards in an indep¢nd¢nt school. The in5pector$ judged Si. Edmund's lo have met the requlred
Independent S¢hool Standards in all areas. l¢adership and rtLanagem¢nt, and governanc¢', qualiry of
education, trainiog and recreation. pupils, physical and mental health and ¢motional wellb¢ing; pupils,
social and ectsnomi¢ edu¢alitsn and contribuiÉon to society; and safeguardingp aThl they commented posiiively
on every aspect of the provision.
The report in¢ludes some really fantastic feedba¢k about the quality of educalion and strong sense of
community here at St. Edmund'5. The full report can be found on our website..
www.sAlntedv)UDds.¢o.uklcoved-Inde
eodent-scbool-$urre
Illls
ectlon.re
ort

ST. EDMU
'S SCHO
LTRU
Pase 3
IMrrED
REP
RT OF THE GOVEIIJIOR
R THE YEAR Ef4DED 31ST AUGUST 2024
(Contin￿ed)
PROFILE (CONTINUED)
ACADEMIC EXCELLENCE
Academic results ¢ontinu¢ to be v¢ry Strong with many scholarships awarded to children includin8 awards to
CharteThou5¢, G￿lIdfOrd High School, Millfi¢ld and Seaford College and Common Entrance subject awards
gein¢d at several schools. Other senior school destination$ over re¢¢nt years are.. Ampleforth, Bradfield,
Canford, Charterhouse, Churcher's, Cranleigh, Downside, FTen5ham Heights, Guildford High. King Edward's
(Witl¢y), King's Dubai, Lord Wandsworth, Portsmouth Grammar, Prior's Field, Royal Grammar (Guildford),
Seaford, St Catherine's. St Edward's (Oxford), St Swithun's, Welliogton and Winoh¢$ter.
The school has continued to perfomi strongly financially recording a surplus of £94.913 during the y¢ar. It is
the governors, poli¢y to apply surpluses to invest in improvements to th¢ s¢hool'5 provision for its children.
In 2013 plannlng pemiission was granted for a new elassroom block incoryor)ting two new senior seience
laboratories, a scienc¢ pr¢paration room, an art studio. and six general classrooms. Building work look place
during the aeademic y¢&r 2013114 and the new buildin& named the W H Aud¢n Centre after one of the
school's farnou5 Old Boys, was opened in Ociob¢r 2014 by the lat¢ Sir Bruce Forsyth. A new desig
technology centr¢ opened showcasing the latest ma¢hinery and technology.
In 2016, the Dimbleby Rooms, four new 5¢nior Glftssrooms named after the broadcaster Richard Dimbleby
wore opened by our Old Boy Jonathan Dtmbl¢by. Classrooms ai the back of the 2Ltbilee Hall underwent
extensive refurbishing and rebttilding works whi15t a new Music Block of practice and ¢nsemble room5 was
created. In addition, a new Textile$ Studio WAS opened adjacent to the Te¢hnology Centre to allow fti¢us on
those el¢m¢nts of Art involving a wider range of materials &ftd & third specillist Sci¢nee Laboratory was
opened. Improvements to the site continued throughout lasi year with further investment in th¢ main building
and Outside areas. In January 2019 the Alliss Building was opened for children in the lower y¢arsi providing 8
spacious, air.conditioned classrooms and an extensive d¢cking area allowing fr¢¢-flow ploy.
In 2021 we opened the n¢w Farley Hall including a large, combined sports hall and theatre space with an
adjoining ¢lassrooEn and drama studio, This was ¢losely followed by a18rge dining hall and kitchen in 2023
which ha$ allowed the subsequent rcdevelopment of the fornier kii¢hen area into a new suite of offices and
main reception area.
In 2024 we built two new multipurp05¢ netball and tennis covrts and opened oyr n¢w State of the art puryose.
built Food te¢hnology room.
CO.CURRICULAR EXCELLENCE
At St Edmund's S¢hool, the Music Department is ¢ornmitted lo deliverlng È Tich and well-rounded mu5i¢al
education, offering a wid¢ range of opportunities that cater to th¢ divetse int¢r¢sts and Abiliti¢s of our stydents.
Throughout the a¢ademi¢ year, w¢ present a vhriety of COnoert5 that highlight student talent across all levels-
from beginners to advanced musicians. These carefully programmed p¢rforniances take place in an &rTay oe
inspiring venues. including Farley Hall, the Chapel, Jubilee Hall, and St Luke's Church in Grayshott.
Perfomiing in such vari¢d settings not Only enriches the concert ¢xp¢rience but also nurtures adaptability and
artistic growth.
significant nurnber of our students receive individual tuition from our dedicated visiting music teach¥TS,
who bring expertise in voic¢, piano, vSolin, cello) guit&r, drums, bagpipes. woodwind, and brass. Many pupils
hoose to challenge themselves further by working towards ABRSM and Trinity musi¢ exams, r¢fl¢cting their
d¢dic&tion to mu$ical ex¢¢ll¢nce.
Our Yegr I I GCSE Music slud¢nts are curr¢ntly preparing for the next Stage of their musical joumey> Wlth
many planning to continue *heir studies at sixth fomis And ¢olleges renown¢d for their perfomiing arts
provision.

Page 4
ST. EDMUND'S SCHOOL TRUST LI1￿lTE
RKPORT OF
VERNORS
FOR THE YEAR ENDED 31ST AUGUST 2024
{Continued)
PROFILE (CONTINUED)
Beyond the classroom, we offer a vibrant programrne of ¢o-¢urri¢ular activitics designed to broaden $lvd¢nts'
musi¢al ¢xperi¢nc¥s. These in¢lud¢ the Chapel Choir, The Probationers {our lower school chapel choir), the
Show Choir, the Vicars Choral of the Chapel (senior chapel ¢hoir), or¢h¢8tr8, ro¢k band, brass band, rnusi¢
technology workshops, themed concerts with live bands, and full-Kale musical productions. These a¢tivilies
not only support musicol development but also foster teamwork, confid¢nc¢, and a strong sense of
¢ommunity.
Music romain$ a vital and dyftamic part of our curriculum. Our l¢a¢hing combines traditional musicianship
with modem mu$1¢ technology, ensuring students gain a comprehensiv¢ understanding of music across genres
and ¢ras. This integrated appToa¢h ¢ultival¢s both i¢¢hnical skill and a deep Appr¢eiation for th¢ rich tapestry
of classieal and contemporary musi¢.
Drama
We hav¢ a thriving Drama Department hosting an eXhil￿ating array of produ¢iions thal show¢as¢ th¢
incr¢dibl¢ lal¢nts of our students from Forn) 3 to Fom I l.
Kicking off in March, our senior students brought Les Mi$eTables to life filling the auditorium with moving
perfomi4nc@s across 4 days. We w¢re drli8hted to hav¢ b¢en nominated in th¢ b¢51 musical category at the
National School Theatre Award5.
In May)
th¢ spotlight shifted to our Fomi 3 and 4 studen15, who ¢nchani¢d everyone with their enchanting
r¢ndition of 'Finding Nemo..
A8 the year progressed. our tal¢nted Forni 5 and 6 Students took ¢4ntre stage in the i¢oni¢ "Chity. Chitty Bang
Bans."
There wer¢ plenty of perfomances for our GCSE Drama stud¢nts in 2024. Nov¢mb¢r saw the Fomi 10 and I I
students share their creativity with impressive, devised pieces Ihal ¢aptivftted a packed audi¢n¢e. Earlier in
March, th¢ Fomi I 1$ showcased th¢ir Ihealrical skills Wlih extracts from "Th¢ 39 Steps" by Patrick Barlow, 8
thrilling PerfO￿an¢e that was both assessed and integral to their final glades. Additionally, our Fomi 9
students swept everyone iway with thEir dynamic extraels from "Shakospegre in Love., a fresh and engaging
adaptation of th¢ beloved Oscar-winning film.
Adding to this remMrkabl¢ year, ov¢r 70 students from th¢ LAMDA proKramme undertook ¢xams durin8 the
Summ¢r, achieving ou¢standiThg results. Every participant excelled, with all studan¢s earning at least a Merit
Lev¢l, and an astonishing 91 % 0£ grad¢s awarded weT¢ Distinction$, covering a wide range of qualifications
from Bnty L¢vel to Grad¢ 8 (Gold Medal). Notably, those who eompl¢t¢d Ih¢ir medal exams w¢re also
rewarded with UCAS points, a l¢slament to their haTd work &nd dedication. The achievements of our youn8
perftsmiers truly r¢flect¢d th¢ vibrant $pirit &nd artisti¢ passion thriving at St. Edmund's.
Art
The Art d¢partmenl wntinues lo be very suc¢essful and pupils have enjoyed developing work in a Tlngc of
h¥0 and three dimensional media - 5howeasing ¢x¢¢llent Creative skills. GCSE re$ults were fantastic, with
extremely posltiv¢ comment$ made by th¢ exam board about the quality and breadth of work Produced. Many
students are Choosing to work using Textiles A$ an Art medium and to high levels of ability. GCSE numbers in
Art are ¢ontinuing to increase eompared to previous y¢Ars.
All childr¢n in th¢ prep s¢hool are involved in our public speakin8 community programm¢. from
parliamentary styl¢ debating in the winter to Poetry R¢cital and D¢¢lamation in the spring and sutnmer.
Educational rrips that support l¢arning in the Engllsh department are CTu¢ial io success from local eornmunity
th¢atre to perfomiao¢es I study days at th¢ Globe theatr¢. We additionally support National Poetry Day and
World Book Day by organising poety Writing competitions as well as ho$ting visiting authors. There is a
fully stocked library. manned by Form 8 children, which 1$ Continuoysly a¢￿sSed for reading r¢sl which
houses a range of Young Adult fi¢tion and non-fiction.

Pag¢ 5
ST. EDMUND>S SCH
TRU
LIMITED
REPORT OF THE GOVERNORS
FOR THE YEAR FNDKD 31ST AU
(Contlnued)
UST 2024
PROFILE (CONTINUED)
Sport
Sport at St. Edmunds has flourished this last yeAr, Fixtyre5 have continued to be play¢d with mor¢ teams
going out than ever before. On & Wednesday afternoon it is common now for arouttd 22 teams to go out and
play a variety of Schools around the ￿e￿.
The prep and senior boys enjoyed Football, while the girls had Hockey for the first t¢mi. There were some
faThtasti¢ resulis all round and both sport5 really flourished. The Prep girls 1st team went to the IAPS Ho¢k¢y
for the second year running. They had to travel down to Cheltenham for tho day where th¢y qualified for
Nationals. This was the first lime in St. Edmund's history that they have m8d6 it through io th¢ IAPS Hockey
Nationals and th¢ girls had a gr¢ai day facing some extromely tough competition,
The ¢xtra ¢urri¢ular programm¢ has ¢ontirtued on a Friday during games lessons with m4ny pupils taking up
th¢ opportunity to take up Judo, Golf, Tennis and Mountain Biking with specialist ¢oa¢hing. Our after-school
programme ha$ also been extremely popular with a wid¢ variety of clubs throughout th¢ week for all pupils,
with Gymnastics being extremely popular for th¢ Lower Prep school,
It was 8reat to host our Interschool cross ¢ountry #gain this year with over 1600 pupils PArticipating
throughout the afternoon from Year 3 to Year I I, It was great to be able to host some new schools who had
travelled a fg4ir d1stall￿ to Come and have a go and allow such a great even to grow.
Tht fixture programme continued into the lent term where the Girls enjoyed netball while th¢ boys moved on
to Rugby in the pr¢p and senior school and th¢ s¢nior boys have Also enjoyed some Ba5ketbAII. The girls Pr¢p
and Senior netbo11 1st team$ entered Sister n Sport for th¢ first time this year, which took both teams oll
around the South of England. The Prep and Senior team did cxtr¢rn¢ly well r¢aching the Quarter final rounds.
The gills also have now fully moved awAy from Lacr055e and onto girls football which h&s proven to be
extremely popular. Th¢ girls have weekly fix￿r¢S and the senior girls havc enjoyed being ent¢r¢d into th¢
During the l¢nt temi the whole school cornmunity took part in the Whole School Cross Courbtry from Nursery
to Fomi I l. It was a fantastic afternoon, and we managed to *void the rain. The pupils enjoyed the slight
change to the course and it was fantastic lo see teachers get involved.
The summer term was thriving with Cricket filling the fixture programme and all puplls taking part in
different Athletic events during the Friday games sessions. We have also bE¢oTne mor¢ competitive playing
tennis fixtures every couple of weeks against other lo¢al s¢hools. alongside our finnual golf matches with
Highfield,
Our Prep and Senior sports days saw th¢ 300m track retum and the bigger Long Jump & Triple Jump pit up on
the top field, allowin8 pupils to expand th¢iT Tun ups and records to be broken. There W¢T¢ a number of
records broken in both the field evertts and on the track. The divisional tug of war 5how¢d some strong
competition,
On th¢ a¢ad¢mic side of Sport we had i strong Set of Sport Science and GCSB PE r¢sults with the studonts
Showing hard work and dedi¢alion to their theory work as well as their practical exoms.
Our Saturday Clinics are ever popular, olTered to pupils in Fomi 10 and Fonn I I to provido extra Small group
teaching time to Assist with recent topics, revision and ¢ours¢woTk.
STRUCnJRE, GOVERNANCE AND MANAGEMENT
Governing do¢um¢tst
The CompAny is governed by its Memorandum and Articles of Association dat¢d 4th June 1979, as amended
by spe¢ial resoluiion d4ted 17th Mareh 2014 artd a further amendment ott 25th June 2018.
Govevning body
Th¢ Gov¢rnors, who are also required under the articles to serve as members of the Company, are elected at
full Govemors, Board meeting. Gov¢mors are recruited on the basis of nominAlion$ r¢¢¢ived to th¢ Boord's
sp¢cifi¢ations con¢¢ming eligibility, p¢rson&l ¢ompelence, specialist skills and local availability.

Page 6
ST. KDTrrn*S SCH
OL TRUS
LIMITED
REPORT OF THE GOVERNORS
FOR THE YEAR END
1ST AUGUS
(Continued)
STRUCTURE, GOVERNANCE APID MANAGEMEIYT (CONf￿￿ED)
Trustee trainlng
New Governors ar¢ inducted into the workings of the School, and &lso of the Company as a registered ¢hRTIty,
including Board Policy and Procedures, by the Head, Bursar, and Chairman and Dcputy.ChaimJan of
Govemor$.
Orgonlsatlonal management
Th¢ Govemors meet as a Bo8rd at least three times a year, onc¢ in each ac&demic tenn, to detem)iTre the
gen¢ral policy of the Company alld r¢vi¢w ils overall management and control, for which they ore legally
r¢sponsible. The Board a150 m¢¢ts annually for an 'Away Day, to discu55 the School's lon8-t¢Tm strategy.
The Resour¢¢s Committee, chaired by the Board's Deputy Chairnian, ¢arri¢s out the work of irnplernenting
most of the Boald's policies and mc¢ts two weeks b¢foT¢ each meeting of ihc full Goveming Board.
Th¢ Remuneration Committ¢¢ is a sub-¢ommittee of th¢ Finance Committ¢¢ tneets annually to r¢vi¢w
staff pay and benefits. Th¢ day-to-day running of the School is dele8aled to the Headmaster, supported by the
BursaT who is responsibl¢ for.finllft¢i#l and administration matters, and by other teaching rnember5 of th¢
Senior Manag¢ment Team. The Resouro¢5 Committee and (he Welfaro And Educaiion Committee meet once
por a¢&d¢mi¢ tern) and assist in the over411 management of the growing school.
RelatlonghipB
We welcom¢ th¢ lo¢al community in an ongoing programme to widen public access to the schooling we can
provide, to oplimise the educational uso of OUT cultural and sporting facilili¢s attd to aW8ken in our pupils an
awareness of the social context of the education they receive at the School. Examples are our Technology
Day, our football and cri¢ket loumam¢nts, Cross Country events and use of our indoor swimming pool by
other schools for their $wimrnin8 le5s0ns. In Association with St Luke's Chur¢h the school co-sponsors and
undenvrites the employment of a Youth Worker in the local community. School minibuses are regularly
loaned to local schoo15 and churches. The School benefits from the support of & thriving Old St, Edmund's
Asso¢ialion for fornier pupils. St. Edmund's is a memb¢r of the IAPS for the promotion of preparatory s¢hool
standards and the H¢adrnast¢r is & member of th¢ national Fifiènce Committee.
Rl8k m4nagemenl
Th¢ members gf th¢ Board of Governors have overall responsibility for ensuring thAt the School has
appropriate systems of control, care, financial and otherwise. Th¢ $y5t¢ms of financial control are designed tr)
provide reasonable. but not absolute, as$uran¢e against material rni5Statem¢nt of loss. They include An annual
budget, approved by th¢ Board of Gov¢rnors, Tegiilar revi¢w of a¢tual results ond vorian¢¢s from budg¢l, aiid
d¢legation of authority and segr¢gation of duties as far 45 possible given staffing levels.
The Board of Gov¢mors fomlally monitors risks annually and sets up ￿)1]¢1¢$ lo mltigale them.
The member5 of the Board of Governors ar¢ ctsmmitted to ¢nsuring thAt the School's whole sygl¢m of internal
controls are adequat¢ and effective. A number of st6P5 have been tak¢n lo ¢nhan¢e further the existing
systerns of internol eontrol. Theso include..
a) A progressiv¢ revision and upgrade of risk mana8¢ment arrydn8ements' and
b) A reviow of the Risk As$¢$5ment prosramme to incorpornte both gualitalive and compliance r¢vi¢w of all
of the S¢hool's gctivities.
OBJEcfs. AIMS, OBJECTtVES AND PRINCIPAL AcllviTIES
The Obj¢ot of the Company> in a¢aordance with ils MemoraDdum of Association, is the education of Ghildren.
In the furtherance of this Object, the Govemors hav¢ Complied with the duty in se¢tion 4 of the Chariti¢$ A¢t
2006 to have due regard to thc Charity Commission's guidance on publi¢ benefit when reviewin8 objectiv¢s
and planning activities.
StrAlegl¢ alm and InteTrded effect
The S¢hoDI's slrategiG aim is to PTovid¢ th¢ highest quality of academic tuition and extra-curricular aotivities
where pupils can develop and fulfil Ih¢ir potential and become active. r¢sponsibl6 member5 of the ¢ommunity.

Page 7
ST. EDMUND'S
CHO
L TR
REPORT OF THE GOVERNORS
FOR THE YEAR Ef+lDED 31
(Ctsnlinued)
T AUCU
T 2024
OBJTCTS, AIMS, OBJEcfivES Af4D PRINCIPAL ACTIVITIES (CONTINUED)
Objectives for the year
Th¢ Board's m8in objective eonlinu¢d to bs lo ¢du¢ate All the School's pupils to at least the same high
standard achieved by the School in previous years, so that they will be id¢ally pla¢¢d to gain mbximum benefit
from their chosen senior schools.
Prlnclpal aetlvlty
St. Edmund's School continues to operate as i nursery and pre•pr¢par&tory school for boys and girls aged
2 to 7, a preparatory school for boys and girls, aged 7 to 13, and a senior s¢hool for boy5 and girls a8¢$ 14 to
16, with tl¢xibl¢ boarding option5. There were 562 pupils in 2024
GraDt-m4king
This ye2r we have supported 78 pupils through $¢holarships and 32 through mean5-tested bursaries, valued at
a combined total of £387,826 for the y¢ar. S¢holarships ar¢ awarded by the Headrna$t¢r, whilst mean5-t¢sted
bursaries are ￿anted by the Bursar, after ¢onsultation with th¢ Govemors, Resour¢es Committee.
Publle benefit
W¢ f4r¢ con$id¢ring means of providing further support to parents whose children would not otherwise be able
io afford privaie education. The Govemors have referred to the guidance contained in the Charity
Commi5510n'S guidance on public benefit. In PArtieular the Governors consid¢red how planned activities
contribute to the aims and obj￿tIveS of th¢ School and are satisfied (hat this is the case. Examples of public
benefit activities con be found in the profile section of th¢ Report of th¢ Oovemors.
Volunteers
Friends of St. Edmund's (FOSEI is a volunteer group of par¢nts Ihal works tir¢l¢ssly lo orgaoise And run a
range of events th&t raises thousands of pounds for th¢ benefit of the School while encouraging a friendly,
cohesive ¢ommunity through Social events. Numeroys projects are fvnded through this generosity and the
Board of Governors wishes to lake this opportunity to ¢xpres$ 118 gratitud¢ for th¢ ¢ontinu¢d support and
valuable work of these parent5 and friends.
REVIEW OF ACHtEVEMENTS AND PERFORMANCE FOR THE YEAR
Operatlon41 performanee of the S¢hool
All our leavers gained ¢ntry tn t.heir fir9t ¢hoie¢ of senior $chool and th¢ r¢suli$ in pre-te$tS to a¢ad¢michlly
s¢lective senior sch¢Jols were at their highest in the school's 150 year history.
FundrolsiAg performgD¢¢
The money raised by FOSE this year is boing sav¢d towards & new Trim Trail to be ¢ornmissioned in the next
a¢ademi¢ year.
FNANCIAL REVIEW AND RESULTS FOR THE YEAR
The Gov¢rntsr5 are extremely plwed with the financial r¢sultg for ¢h¢ year. They wish to highlight that the
syrplus in th¢ #¢¢oun15 of £95k is after charging almost £lm in depr¢¢iation and £307k in interest. The
School's Earnings B¢fore Int¢Test Tax and Depreciation is therefore £1.4m, 140/0 of n¢1 fee income, Compared
to a sector average of IOO/o, This strong financifil performan¢¢ refl￿18 th¢ light fiscal management within the
S¢hool and the growing pupil numb¢rs despite the difficult e¢onomi¢ ¢lim4lt foT independent schools
ourrently,
The School achieved an operating surplus of £94,913 which will be added lo general fund$. The principal
source of funding for the School r¢m4ins tuition fe¢s.
Reserves Pollcy
The Charity Commission expects that all ch#rili¢s have plans to spend th¢ money that they reÈeive for
charitable purpos¢s. However, they also expect ¢harities to hold reserves to me¢1 sp¢cific longer t¢mi
charitable purposes, and also to mitigate the risks inh¢rent in their businesses. Th¢ Qovemor5 believe that the
major financial risks the School requires reserves for are..

Pase 8
ST. EDMUND'S SCHOOL TRUST LIMITED
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31ST AUGUST 2024
Icontlnuedl
Re$¢rw¢b Poll¢y (contlnu¢d)
To address the possibility of a rapid downturn In pupil numbers which would ￿verSe7Y affect our in¢ome
generalion. Thu5 a re5¢Tve would be needed lo allow for a reslru¢tUTing o(Ihe School,
2. The S¢hool has built, and intends to continue buildin& reserves to ensur¢ it5 CX151ing op¢rations remain tit for
puryose and to develop new seTvices.
3. The School inlends to continu¢ buildlng T¢serves so as to be able to continue to make improvements 10
fA¢ilities and the esiaie.
The Balance Sh¢¢t shown In these fin￿0181 statements, and broken down In more detail in noie 13 shows the
School to have Reserves of £4,246,B25 at 3 1st August 2024. These reserves ar¢ held in unrestricted fund5.
GOTrIC CONCERN
The Governors ¢onsid¢r that the School remuins a going concem and that thls Is lh¢ appropriat¢ basis on which lo
prepare the financial Statements.
FUTURE PLANS
Planning p¢rmission has Tecently been approved for a n¢w astro which wlll be a w¢lcoTng addition to the school's
fa¢ilities. A potential rhew purposo-buill Art and DT fa¢ility are also under con5ider4tion.
ATEMENT OF GOVERNORS> RESPONSIBILITIES
Company Law require5 the Goveinors to prepar¢ accounls for each fina￿la1 yeaT which give a true aTMA fair view
of the 5tat¢ of affairs of the School and of It8 ￿t income or ¢Kpendlrure foT the year. In preparing the 8ceount$,
the Governors are requir¢d to..
seleci suitable accountin8 policies and then apply thein eonsi8t¢nily,'
make judgments and e5tiroates that ar¢ reisonabl¢ and prudent:
stale whether applicable accounting standards have b¢en followed, subjeel io any materÈal departUTes
that are disc195¢d and explained in the fu)ancio1 stat¢ments,' and
PTepare the accounts on the going-¢oncern basls uniess it is inappropria* to pr¢sume that the Sch¢)ol
will coniinue in busine8$.
The Governors are wponsible for keeping proper accounting records wh5¢h discl¢)se with reasonable 4ecur4¢y
the fin&ncial position of the School ai any IDne. and to enable them to ensuTe that the accounts Comply with the
Companies Aci 20Q6. They are also responsibl¢ for safeguarding th¢ assets of the S¢heol and, therefore, for
taklng Teasonible 8tep8 for the prevention and detection of error. fraud or other IrreBulari¢ies.
In th¢ Case of each of the persons are governors at the time when the Tepon of the governors is approved..
so far as each GovenK)r is aware, there is nr) relevant audit uthrn141ion (inf0m￿tiOn needed by the
School's iudilors m connection with pr?paring their report) of which th¢ School's auditors ire UDawar¢,'
¢xh Governor has tsken all th¢ sieps required of Governors ¢0 make himself or herself awar¢ of any
relevant audit infotmatlon and th establish thai the School's auditor$ are aware of that infonD4¢ion.
AUDITORS
In accordance with Section s,485 of the Companies Aet 2006, a resolulion proposing the reappointment of Knox
Cropper as auditors lo the School will be put io the pnnual general meeting.
Approved by the Board of GovernoT8 ar its me¢ting on 17 March 2025.
And si8n¢d on ils behalf by..
MTS
A Alliss
Chairman

INDEPENDENT AUDITORS7 REPORT TO THE MEMBERS OF
p￿¢9
sr, EDMUND'S SCHOOL TRUST LIMITED
Oplnlon
We have audited the financial statements of Si Edmund's S¢hoDI Trust Limited (the 'ehariiabl¢ ¢ompany'l
for the ye&r ended 31st August 2024 whieh Comprise the Statement of Financial Aclivilies, the Balan¢e
Sheet, the St&temeni of Cash Flows and the related notes. The financial reporting fr8mewoik that has be¢n
applied in their pieparotion 13 applieable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Praclice).
In our opinion the financial siatemenls..
give a (rue and fair view of th¢ slate of the charitable company's affairs as ai 3151 August 2024 and of its
Income and expendiwre. including its result, for the year then eJ¥Jed,.
have been properly prepared in aC￿rdance with Uni*d Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Companles Aci 2006.
BASIS for oplttlon
We conducted our audil in ac¢ordance with International Standards on Auditing {UK) IISAS (UKI) and
applicable law. Our responsibilities under (hose standards are further described ID the Auditors
responsibilities for the audit of the fitvdn¢ial statemenis se¢tion of our r¢port. We are independent of the
¢haritable company in accordance with the ethical requirements that are relevant to our audii of the
financial statements in the UK, including the FRC'S Eth&cal Standard. and we have fulfilled our other
ethical responsibilities in accordan¢¢ with these requirements, We believe that the audit evidence we have
obtained is SU￿1¢it￿l and appropriate ￿ provid¢ a btLSiS for tsur opinion.
Collcluslotss relating to golllg ¢on¢ern
lrt auditing the finan¢ial statgmenls, we hAv¢ concluded that the directors, us¢ of the going ¢oncern basis of
accounting in the pr¢paration of the financial statements is appropriate.
Based on the work w¢ have performed, we have no¢ identified any material uncertainties relating to events or
¢onditions that, individually or collectivelyi may ¢ast significant doubt ort the ¢ompany's ability to continue as
A going concem for a period of at least twelve rnonths from when the finanoial statements ar¢ authorised for
i$su¢.
Our wponsibilities and the responsibilities of th¢ dire¢tor$ with resp¢ct to goirtg concem )1¢ described in the
relevant section$ of this r¢port.
Other informatlon
The Governors are responsible for Ihe other inforrnation. The r>iher informaliun ¢omprises the inforffja¢ion
included in the Annual report, oth¢r than the financial statements and our Report ot the Independent
Auditors Ehereon.
Our opinion on the financial statemet)ts does not cov¢r the other information and. except to the extent
8xpli¢iily stated in our report, we do noE expr¢ss Any for￿ of assuran¢e concluslon thereon.
In ¢otu]ection with our audit of the financial statements, our ie5ponsibility is to read th¢ other informaiion
and, in doing so, consider whether the other information is rnalerially inconsistent with the financial
sIatell￿n(S or our knowledge obtained in the audil or otherwise appears to be maierially mi551ated, If we
identify such mal¢rial inconsisiencies or apparent missts¢¢ments, we are required lo determin¢ whether
there is a material missthiement in th¢ flnancial staiements or a material misstatement of the other
information, If, based on the work we hav¢ performed, we conclude thal ih¢re is a material misstatement
of this other information, we are r¢quir¢d to report that faci. We have nothing to report in this re8ard,
OplDlon on other malters pres¢ribed by the Companles Act 2006
In our opinion, based on th¢ work undertaken in the course of th¢ audit..
the information given in the Report of the Governors for the financigl year for whith ihe financial
siatements are prepared is ¢OT)SiStent with the financial slalement$', and
the Reporl oc the Governors has been prepxr¢d in Accordance with applicable legal requirements.

Page 10
INDEPENDENT AUDITORSJ REPORT TO THE MEMBERS OF
ST. EDMUNDIS SCHOOL TRUST LIfflTED
Icotstlnued)
Mattsrs whlch we are requtrtd to report by excepttoll
In the li8ht of the knowl¢dge and understanding of the charitsble company and its environment obtained in
th¢ course of the audit, w¢ hav¢ nol identifi¢d material misslatements in the Report of Ihe Governors.
W¢ have noihins ￿ report In respe¢c of the following matters wh¢re the Comyanies Act 2006 requires us
lo report to you if, in our oplnion..
adequate accounting records hav¢ not been kept or returns adequate for our audit have not been
received from bran¢h¢s not visited by us, or
the financial stalements are not in agr¢emenl with the accounling records and returns,, or
certain disclosures of Governors, remuneration specified by law are not made,. or
we have not re¢¢ived all the information and explonarions we require for our audit.
Responslblli¢ies of Eovernors
As explained more fully in the Statement of Governors Responsibilities set oui on page 8, the governors
(who are also the directors of the chaiitable company for ihe purposes of company law) are responsible for
the pieparaiion of ¢he financial statements ar￿ for being satisfied that they give a inje and fair view, and for
such internal conlrol as the governors de¢ermine 15 necessary to enable the preparation of financial
Statements that are free from material misstaiement, whether due to fraud or error.
In pr¢parin8 che financial statements, the governor5 are responsible for ass¢ssing ihe charilabl¢ company's
ability to continue as a going ¢on¢¢rn, disclosing, as ?pplieable, m4tters r¢lai¢d to going concern and using
the going ¢oncern basis of accounting unless the Injstees eiiher intend lo liquid?t¢ the charitable ¢ompany or
to tease operations, or have no realistic allernaiive bu¢ to do so.
Our resptsllslbllltles for the audlt of the flnallclal statements
Our objectiv¢s ère to obtain reasonable assurance abwt whether the financial statemenis as a whol¢ are free
from material mis$iai¢ment, whether due to fraud or error, and to issue a Report of the Independent
Auditors that includes OUT opinion. Reasonabl¢ assurance is a high l¢v¢l of assurance, bui 1$ not a guarantee
Ihal an audit ¢ondu¢ted in accordance with ISAS (UK) will always detect a rnalerial misStalem¢ni when il
¢Xisls. Misstatements can arise from fraud or error and are considered material if, individually or in th¢
a88regate, they could reasonably be ¢xpe¢ted to influence the economic decisions of users taken on the
basis of these financial statements.
Irregularities, I￿]uding fraud, are inslan¢¢s of non.cornplian¢e with laws and regulations. We design
procedures in linc with our responsibililies, ou¢lined above, ro dele¢1 mat¢rial misstatements in respect of
irr¢gulari¢ie8, including fraud. The extent to which our procedures are capable of de¢e¢ting irregularities,
including fraud i$ detailed below..
We obtained an understanding of the legal and regulatory fr8meworks that are applieabl¢ to the charitabl¢
eompany which have a dir¢¢r impact on the financial statements and de¢ermitJ¢d that the most signifi¢anl
are the Financial R¢porting Standard 102 'The Financial Reportlng Stsndard applicable in the UK and
R¢public of Ireland, (United Kingdom Gen¢rally Accepted Accounting Practlce) and the Componies A¢¢
2006.
We understood how the ¢haritabl¢ Company is complying with those fram¢works via communication with
those ¢harged with governance, together with the review of the charitable company's documeni¢d
policies ond procedures.
We assessed the susceptibility gf th¢ charitable company's financial staiemenis to tnaterial misstateTnent,
including how fraud might occur by considering Ihe key Tisks impa¢(ing the financial Sialetnents. These
in¢lud¢d risks associated with revenue recognilion, rnanog¢m¢nt override of controls,

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
Page 11
ST. EDMUND'S SCHOOL TRUST LIMITED
(Continued)
Our re8ponslbllltles for the audlt of the tlnaneial statements (contlnuedl
Our approach included agreeing the charitable company's recognition of incomB to the terms of th¢
underlying conlra¢ts for fee$, the review of joutnil entries pro¢essed in the accountin8 records and the
investigation of significant #nd unusual transactions identified from our rev¢ew of Ihe accounting records.
and ihe review of government support scheme grants receiveil to ensure they were not fraudulently
claimed.
Based on this understanding we designed our audit procedures to identify non-compliance wirh such laws
and regulaiions. Our procedure$ involved review of the Teporting to the directors with resp¢¢t to (he
application of the documented policies and procedures and review of the financial statements io ensure
compliance with the reporfing r¢quir¢m¢nts of the charitable Cotnpany.
There are inheren¢ limiiations in the audit procedures d¢￿ribed above and, the bjrther removed non-
compliance with laws 2nd regulations is from the events and transactions reflect¢d in the financial
statements, the less likely we would become aware of it. The risk of not det¢¢tin8 a material misstatement
due to fraud is higher than (he risk of not deteciing one resulting from error, as fraud may involve
deliberate concealment byi for example, foTg¢ry or intentional misr¢pTesentations, or through collusion.
A further description of our responsibilities for the audit of the finan¢i81 statements is located on the
Financial Reporting Council's website at www.frc.org.uklauditoisie5ponsibililies. This descriptlon forn)s
part of our Report of the Independent Audiiors.
Use of our report
Thi5 report is made solely to the m¢mbers, as a body> in accordance with Chapt¢r 3 of Parl 16 of the
COm￿nieS Act 2006. Our audii work has been undertaken so that we might slate lo th¢ ¢haTltable
¢ornpany's members those matters we are required to Sta￿ lo them in an auditors, report and for no other
purpose. To the fullest exient permitted by law, we do not accept or assume responsibility ¢0 anyon¢ other
than the charitable ¢ompany's and the charitable company's members ￿ a body, for our audit work. for this
report, or for the opinions we have formed.
Matthew Elkins FCA (Senior Stawtory Auditor)
For and on behalf of Knox Cropper LLP
Chartered A¢countanls and Sla￿l0rY Auditors
Office Suite I, Haslem¢re H¢)use
Lower Street, HasleTnere
Surrey GU27 2PE
Date., IS

Page 12
ST. EDMUNDIS SCHOOL TRUST LIMITED
STATEMETrn OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST AUGUST 2024
2024
2023
Unrestricted
Fullds
Unrestricted
Funds
INCOME FROM
Charitable activitie$
Other trading aciivities
Other
Inv¢slmeni Income
9,557,386
10,115
8,691,917
10,640
4,120
122
TOTAL INCOME
9,567.501
.706,799
EXPENDITURE ON
Raising funds
Charitable activities
144,378
9,328,210
140.255
8,347,839
TOTAL RESOURCES EXPENDED
9,472,588
8,488.094
NET MOVEMENf IN FUNDS
94.913
218,705
RECONCILIATION OF FUP4DS
Totsl funds at 1st S¢piember 2023
4,151,912
3.933,207
TOTAL FUNDS AT 31ST AUGUST 2024
£4,246,825
£4,131,912

Page 13
sr. EDMUNDYS SCHOOL TRUST LIMITED
srATEMEKf OF CASH FLOWS
FOR THE YEAR ENDED jisr AUGUST 2024
To¢91
2024
Total
2023
Net cash flow from operating a¢tivitle$
2,808,11)O
1,372,673
Net cash provided byllused in) inYe8ting activities
Purchase of fixed assets
Interest r¢ceived
(594,1621
(2,553,400)
122
Net cash provided byl(us¢d in) financing activitie5
Interesi paid
Loan advance
Hire purchase
Repaytneni of loan5 and hire purchase
(307,4631
373,700
51,000
(301,7811
(235,463)
1,200,000
(266,469)
Change it] cash and cash equivalents in the period
(2,029,394)
(482,5371
Cash and cash equivalents at the b¢ginning ot the period
221,256
703.793
Cash and casb equlvglents At the end of the perlod
£2,250,650
221,256
Reconclllatloll of net Incomt to net
CAsh flow from operAtln8 actlvities
Net income for th¢ reporting period
Investment income
Lnterest P4id
Decrease l (increase) in stocks
Decrease l (increase) in d¢btors
(De¢re*se) l increase in creditors
Depreciation
Lossllprofit) on disposal of fixed assets
94,913
2E8,705
(1221
235,463
2,128
99,593
(47,377)
864,283
307,463
602
(168,375)
1,576,095
996,207
1,195
Net eash flow from operAtin% #ctivities
£2,808,100
£1.372,673
Analysls of c4sh and cash equfivalents
Bank balances
£2,250,650
£221,256

Pag¢ 14
ST. EDMUND'S SCHOOL TRUST LtMITED
STATEMEiYf OF CASH FLOWS
FOR THE YEAR ENDED 31ST AUGUST 2024
RECONCILIATION OF NET DEBT
At 01.09.23
C4sh Thws
At 31.08.24
Cash and cash equivalent5
221,256
2,029,394
2.250,650
Loans falling due within on¢ year
(272,9661
45,315
1227,651}
Loans falling due after more than one yeaT
(5,262,983)
(166.419)
(5,429,402)
Hire pur¢hasB conlra¢ts falling due within on¢
year
(33,288)
<2,9151
(36,2031
Hire wrchase contracts falling due within one
year
134,922)
1,100
(33,822)
5,382.903
£1,906,475
3 476,4281

Pkge 15
ST. EDMUNDIS SCHOOL TRUST LIMITED
BALANCE SHEET AT 318r AIIGUST 2024
2024
2023
Notrs
FtXED ASSETS
Tangible assets
11,169,347
11,572,587
CURRBNT ASSETS
Siock
Debtors
Cash al bank Lnd in hand
9,733
560,040
2,250,650
10,335
391,665
221,2S6
io
2,820.423
623,256
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONB YEAR
3,229,939
1,943,545
NET CURRENT LIABILITJES
1409,516)
<1,320,289)
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,759,831
10,252.298
CREDITORS.. AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR
12
6,313,006
6,100,386
TOTAL NET ASSETS
£4,246,825
£4,151,912
The fvnd8 of the charity:
UNRESTRJCTED FUNDS
RESTIUCTED FUNDS
13
13
4,246,825
4,151,912
£4,246,825
£4,151,912
Mrs J A Alliss
) GOVERNORS
B E Farley
Company number.. 01425355

Page 16
ST. EDMUND>S SCHOOL TRUST LIMITED
NOTKS FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024
ACCOUNTING POLICIFS
I. I BA$ts of preparatfoll of f￿AnCIAl Statements and assessment of going toncern
Th¢ financial sialements of the chariry, which is a public benefit entsty under FRS 102, have
been prepared under Ihe historical cost conventlon and in accordance with the Charities SORP
(FRS 1021 'Accounting and Reporting by Charities.. Staiemenl of Recommended Practice
applicable ¢0 charities preparing their ac¢ounls in accordance with th¢ Financial Reporting
Standard applicable in ihe UK and Republic of Ireland IFRS 102> (second ediiion issued in
October 2019),, Finan¢ial R¢porling Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ir¢land' and the Companies Act 2006. The fiRR Ticial
staiements are prepared in slerlingi which is the Presen￿li￿nal currency of ihe charitable
company. Monetary amounts in these finan¢ial ststements are rounded lo Ihe nearest £.
The trustees consider that th¢r¢ are no material uncertaimies about th¢ School's ability to
continue as a going Concern. In (he normal course of evenis and based on expeeled fijture
pupil numbers, the School expects to maintain a budgeted surplus for the foreseeable fufuTe.
l.2 Fund accounting
General fijnds are uniesrri¢ied fund5 which ar¢ available for use ai the dis¢retion of the
Govemors in furth¢rance of the general objectives of the chariry and which have not been
designaW for other pu￿Ose$.
Designal¢d funds comprise unrestricied funds that have been sei aside by the Govemctrs for
pariiculèr purp05¢5. The aim and use of ea¢h designated tbnd is set out in the notes lo (he
finan¢ial statements,
1,3 Fee$ and $l]lli]aT income
Fees r¢¢eivable and similar income represents the value of educational services provided
during the year and are Stated after dedu¢ting allowances, scholarships and other r¢mission5
Ilowed by the School.
Fee5 are generally invoiced termly in advance. Any payment received against such fees 15
deferred until the start of the relevant teaching p¢riod to which they ielate.
In¢ome from donati0Tr5 is ac¢ounied for when received. and if f(Trr the general purposes of the
School, is included in the general fund. Where the donor speeifiBs that the donation is for
parli¢ular purpose, the income is included in the incoming resources of restricted funds wh¢n
re¢eivable.
1.4 Resources expended
All expenditur¢ is Accouni¢d for on an a¢cruals basis and has been included under ¢xp¢n5e
caiegories that aggregate all costs for allocation io a¢civilies. Where costs caTU)Ot be directly
attribut¢d to particular activi11¢5 they have been allo¢al¢d on a basis consistent with the use of
the resources. The irrecoverable VAT is included with the item of expense to which it
relate$,

Page 17
ST. EDMUNDJS SCHOOL TRUST LIMITED
NOTES FORMING PART OF THE FINANCIAL STATEMEPUS
FOR THE YEAR ENDED 31sr AUGUST 2024
(Contiouedl
ACCOUNTING POLICIES (Conlinuedl
1.5 Depreciation
DepTeeiaiion is provided on permanent buildllw a¢quir¢d before the year end¢d 31si Augusi
2000 at one half pereent per annum, and for subsequent properties al two percent per a1￿UM.
This is afier allowing for the estimaied cost of land in the original transfer value (not subject
to depreciation) of £60,0￿.
In accordance with ihe requirements of the SORP, properties ar¢ a¢¢ounied for on a
component cost basis with eaeh ¢ompon¢nl bein8 depreciated over its estimated economic
life. The principal componen¢s identified and the depreciation rate applied too each
component are set oul below:
Main fabric
Over 70 years
Roof structyre and covering Over 70 years
Windows & external doors
Over 30 years
Boilers I heating systems
Over 20 y¢ar8
Kitchen
Over 20 years
Bathroon]s I WC
Over 30 years
Mechani¢al systems
Over 30 years
Electrics
Over 40 years
Depreciation is provided on other fixed assets 10 write off their Cost over estirnated us¢bJl
lives al the following rates..
Freehold buildings of non-perM￿enl constwclion
Storage coniainers
20% p.a. on cost
Oiher
6% p.&. on cost
FUrni￿re, fitlin8s and equipment
Compu*rs
33 1)% p,a. on cost
Other
IO% p.a. on cost
Motor vehicleg
25% p.a, on written down value
1,6 Stock
Stock is valued at the lower of Cosi amd nel r¢alisable value.
1,7 Work ID progress
Wotk in progres5 relal¢s to assets as the course of con$ttu¢tion and is cApitslised as fixed
ass¢ts, Deprecialion is not accounted for. however. until the asset is in econotnic us¢.
1.8 Glfts
Miscellaneous gifts received for financing items of capital expenditure or given to th¢
headmaster tor use, at his discretion, for school purposes are brought into incoming
resources.
1.9 Fthante leases gnd legslog Commit￿ents
Assets obiained und¢r finance leases are Capi￿lISed in the balance sheet. Those held under
such finance leases are depreciated over their eslimaied usefvl life or the lease term.
whichev¢r is shorter,

Page 18
ST. EDMUND>S SCHOOL TRUST LIMITED
NOTES FORMING PART OF THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31ST AUGUST 2024
Icontlnuedl
ACCOUNTING POLICIES (Continued)
1,9 Flllanee leases alld lea$lug commltments l¢ontlnued)
The interest element of these obligations is ¢harged to th¢ Statement of Financial Activitie$
over Ihe relevant period. Th¢ capital elemeni of the futur¢ payments is Ir¢aled as a liability.
Rentals paid under opeiating l¢as¢s are charged to the Statement of Financial A¢liviti¢$ as
incurred.
1.10 Pension Co$ts
The School participates in the T¢a¢hers' Pension defined ben¢fiis scheme (TPS) and also pays
into defined wnlribution schem¢s open ro the School's non.leaching staff.
The TPS is an Un￿Trded s¢heme and contributions are ¢al¢ulated so as 10 spread the cost of
pensions over employees, working lives with the School in such a way thai the pension eost is
a substantially level percent88e of Currenl and fil￿re pensionable payroll. The TPS is a
mul¢i-¢mployer pension scheme open to the School's teaching Staff and 1¢ is not possible Io
identify the assets and liabilities of the scheme #ttributable ¢0 the S¢hool, The TPS 1$ Irealed
as a defined con¢ribution scheme and the con¢ributions ￿OgniSed as they are pald each year.
The scheTne is n￿naged by the Department for Education.
1.11 Taxatlon
No provision Is made for laxalion, since the ¢ompany is a registered charity which his
claimed tax exemptiort 8tatU5.
1. 12 Debtor5 aDd ereditors
Debtors and ¢reditors are classified as basic financial instrnm¢nts and are measured and
r¢¢ord¢d in the accounts at the initial transaction price,
1.13 Flnanclal In$truments
Th¢ Charity only has financial ass¢is and liabilities of a kind that qualify as basic financial
instruments. including 11$ debtors and creditors. These ar¢ initially recognised ar Ir2nsa¢iion
value and 5ubsequenily valued at their seiilement value.
1.14 Slgnin¢aDt mAD8Eement Judgement8 And estimatlon ulleertaintles
The significant management jud8ements and e5timalion unc¢Ttaintie$ applicable to these
accounts relate to the ar¢a5 Of..
Impairment of fix¢d assets
The governors assess the carrying value of significant fixed assets al the year end date lo
determine wh¢ih¢r a detailed impaimient review is indicated.
Depreciation rates
Management review5, and th¢ Governors confirm, the usefvl lives of depreciable as￿1$
when the iermly management accounts are prepared.
Provision for bad debts
Managemeni monitors the aged debt posi(ion consistenily throughout the year and reports
on a termly basis to the Finance Committee.

Page 19
ST. EDMUND>S SCHOOL TRUST LIfvIITED
NOTES FORMING PART OF THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31ST AUGUST 2024
Icontlllued)
2024
2023
CHARJTABLE ACTIVITIES
Tuition 8md boarding fees
Less.. Scknlarships, bursaries and awards
Bxlras and disbursements recovery
Registration f¢es
11,222,941
11,854,495)
171,015
17,925
10,173,874
(1,700,625)
204,293
14.375
£9,557,386
£8.691,917
2024
2023
OTHER TRADING ACTIVITIES
Rents and letting$
Sundry income
9,272
843
9,617
1,023
£10,115
£10,640
OTHER INCOME
Grants re¢eiv¢d
£ 4.120
ANALYSIS OF RESOURCES EXPENDED
2024
Staff
cos¢8
Other
Costs
Depref latlon
Total
Ratslllg funds
Marketiftg costs and salary
40,197
104,181
144,378
Charltsble #ctlvltles
Teaching
Welfare
Premises
Supporting costs of s¢hoollng
4,340,970
77,804
435,503
574,853
539,351
927,424
774,210
661,888
595.871
5,476,192
1.005,228
1,553,335
1,293,455
343,622
56,714
5,429,130
2,902,873
996,207
9,328,210
£5,469,327
£3.007,054
£996,207
£9,472,588

Page 20
ST, KDMUND'S SCHOOL TRUST LIMITED
NOT&S FORMING PART OV THE FINANCIAL STATEMETrrrs
FOR THE YEAR ENDED 31sr AUGUST 2024
(Continued)
ANALYSIS OF R￿OuRCEs BXPENDED (CONTINUED)
2023
Staff
Other
eosts
Depreelatlo
Total
RAlslng fuuds
Markeiing costs and 5al&ry
36,074
104,181
140,255
Charltable 4¢tlvliles
Teaching
Welfare
Premlse5
Supporling costs of s¢hooling
3,972,418
75,340
414,088
541,103
450,510
765,959
624,640
639,498
567,462
4,990,390
841,299
1,280,577
1,235,573
241,849
54.972
5,002.949
2,480,607
864,283
8,347,839
£5,039,023
£2,584,788
£864,283
£8,488,094
2024
2023
NET MOVEMENT IN FUNDS
This is Staled after charging,.
Depreciation of tangible fixed assets:
owned
held under hire purchase
959,239
36,948
814.137
50,146
8,880
3,588
10,939
Auditors, remuneraiion
Auditors, non-audii costs
Inte￿$t hire pur¢h*se ¢on¢racts
3.9
12,353
Auditor5 remuneration net of VAT is £7,750 and £3,250 r¢specLively.
During the year no Governors r¢¢¢ived any remuneration or b¢n¢fits in kind (2023.. £Nill.
2024
2023
STAFF COSTS
Wages and salaries
Social Security ¢osts
Pen8ion con(ribuiion$
Apprenticeship levy
4,259,272
403,533
800,836
3,988,596
366,268
679,406
4,753
5,686
£5,.469,327
£5.039.023

Page 21
ST, EDNIUND>S SCHOOL TRUST LIMITED
NOTES FORMING PART OF THE FINANCIAL STATEMETrllS
FOR THE YEAR END
D 31ST AUGUST 2024
(Contlnued)
STAFF COSTS ICONTLNUED)
2024
Number
2023
Number
The averAge monthly number of employees
in the yeir was:
Teaching
full-tim¢
pari-tim¢
full-time
part.time
48
13
12
68
47
14
Other
64
141
136
Six employees received iemuneraiion benefits, excluding employer penslon costs, of more than
£60,OC() during the yeaT. Four of between £60,000 and £69,999, one of between £110,000 and
£120,(X)Q, one of between £210,IXO and £220.(K)O.
Employment benefits received by K¢y Management Person￿1 amount LO £1,053,146 (2023,.
£966,530). Key Manag¢mertt Personnel. are those persons who, in addiiion to the Gov¢rnors, have
directly or indirecily authority and responsibiliry for planning, direciing 2nd controlling the
acliviries of the School.

ST. EDMUNI>'S SCHOOL IIIUST LIMrrED
NOT&S FORMING PARTOF THE FINANCIAL STATEMENryS
FOR THKYEAR ENDBD 31ST AUGUST 20
{co￿t￿￿e￿)
TANGIBLE￿xBD ASSETS
FTeehtyld
rrtlknv
and
¢qulpmeDI
PErJnwyt4¢
bulld
C•Mpuler
equlpmelll
Motor
vehlcks
Work
Tht
COST
Al 1st Sepkmbtt2023
Addiiw)ns
DlspusBI
Trardfrr
7.795.493
106,126
3,477.640
143.428
3.2r2,296
162,Yll
1.870.576
130,637
460,407
51,(Kl)
<15,9001
16,826,412
594,162
115,gY)I
Ai 3l¥i Augvs12024
7.Slll,619
3,621,068
J,J85,267
2.01>1,213
495.J07
17.4ts1,674
DEPRECIATION
AI Is¢ S¢pternber 20Z3
Oth dis￿531&
char￿ f￿thE yur
798,438
1,309,783
l.J48,620
1.519.762
277,222
(14.7051
56.714
5,253.825
114,7051
996.201
I26.￿4
216.748
365,fA12
230,269
Al 311¢ AuBUSt 2024
925.312
.714,222
1.7S),031
6.lJ3,327
NET BOOK VALUB
AI 31si Augknst 2024
£6.976.307
rL,094,537
£1,671,045
1251.182
£176.270
ti1.169,347
AI JISL August 2023
£6.gn,055
n,167,857
£1,873.676
1350,814
£183,185
£ll,572,587
Irrflwjed ￿ cowe¢ equIpn￿￿1 asspts he￿ urthi hlr8 purcba&e contracls wlih i r*1 book ￿1￿¢ £Nil12023., £Nill. lftcludcd in Mor vehKles ate &%5etg hakl
hiiepurCh￿ with a bwk Y￿ul0f￿]I5,7j6 (2023.. £169,459>.

ST. EDMUND'S SCHOOL TRU￿ LIMITED
Page 23
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 21124
Icontinuedl
2024
2023
STOCK
Consumables
£10,235
£10,235
io.
DEBTORS
Fees debtors
Prepayments and a¢cn)ed inwme
146,992
413,048
129,635
262,030
£560,040
£391.665
ii.
CREDITORS.. AMOUNTS FALLING DUE
WITHLN ONE YEAR
Fees charged, in advance
Bank loans (current insialments)
Hire pur¢hase
TT2de creditors
Payroll taxes and social s¢¢urity ¢OStS
Other creditors
Accwals
2,365,767
227,631
36.203
190,436
97,653
84,519
227,712
906.354
272,966
33,288
337, 199
99,423
128,355
165,960
£3,229,941
£1,943,545
Bank loans and OV¢TdrHft fa¢iliii¢s'.
All monies advanc¢d by the bank are 8e¢ured on th¢ School's freehold land and buildings.
The bank loans are repayable by July 2025, May 2020, November 2038, Augus¢ 2043, June
2044 and July 2045. Inierest is charged respectively ai 4.23 %, 2.18%, 5.84%, 4.9l %, 3,17%
and 2.94% above the Bank of England base Tate.
12.
CREDITORS.. AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR
Fees in advance
Bank loans
Hire pur¢hase
Other ¢reditors
743,782
5,429,402
33,822
306,000
531,121
5,262,983
34,922
271,360
£6,513,006
£6,100,386
The bank l¢)ans indude which is repay4ble after more than fiv¢ years.

Page 24
ST. EDMUND'S SCHOOL TRUST LIMrrED
NOTES FORMING PART OF THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31ST AUGusf 2024
(Contilluedl
13.
FUNDS
2024
Restrle¢ed
Unrestrlcted
TotAI
Balance ai 1st September 2023
Net incoming resouwes before transfer$
4,131,912
94.913
4,151,912
94,913
Balance at 31st August 2024
£4,246,825
£4,246,825
REPRESENTBD B Y.,
Tangible fixed asseis
Nel Current li4bililies
Long term liabilities
11,169,347
(409,516)
(6,513,006)
11,169,347
(409,516)
16,513,C(16)
£4,246.825
£4,246,825
2024
Res¢rS¢led
Unreslrlcted
Unrestricted
Balance at 1st September 2021
Nei iD¢oiiiing resources before transfers
3,933.207
218.705
3,933.207
218,705
Balance at 31st August 2022
£4,151,912
£4,151,912
REPRESENTED B Y:
Tangible r￿ed assets
Net curr¢n( liabilities
Long term liabllillcs
11,572,587
(1,320,289)
(6,100,386)
L1,572,587
11,320,289)
16,100,386)
£4.151,912
£4,151,912
The Gelleral Fund repTesenls thc unreslricied futNJs which the Governors are free to use in
accordance with the d]arilabl¢ object5.

Page 25
ST. EDMUNDIS SCHOOL TRUST LIMITED
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024
Icolltinued)
14.
RELATED PARTY TRANSACTEONS
Two Spouses of key managemeni persotmel and Ihree family membets on Iljll time or part lim¢
bases received sa18ri¢s 8Th1 pensions contributions during (he year along with associated so¢ial
security costs lolalling £109,280. Bursaries were awarded to governors, family members lotalling
£27,922 during the year.
15.
TEACHERS, PENSION SCHEME FINANCIAL NOTE
The school participates in the Teachers, Pension Scheme ("the TPS") for it teaching staff. Th¢
pension charge for the year includes contributions payable lo the TPS of £690,93012023..£591,9291
and ai the year.end £84,423 (2023'.£69,6771 was accru¢d in respect of coThtributions lo this scheme.
The TPS is an Un￿nded mulii.employer defined benefAiS pension scheme govert￿l by The
Teacher's Pensions Regulations 2010 (as wnended) and The Teachers, Pension Scheme Regulations
2014 las amended). Members coniribuie on a 'pay as you go, basis with contributions from
members and the employer being credited to the Exehequer. Reiirement and other pension benefits
are paid by public funds provided by Parliament.
The employeT contribution rate is set by the Secretary of Stale following scheme valuation$
undertaken by the Government Actuary's Depariment. The most receni actyari&l valuation of the
TPS was prepared as At 31 March 2020 and the Valuation Report was published in O¢tober 2023.
Following ¢he M¢Cloud judgement, the remedy proposed that when benefits become payable,
eligible members can select to receive them from either the formed or legacy schemes for Ihe period
l April 2015 tr> 31 March 2022. The actuaries have assumed Ihai members are likely to choose the
opiion that provides them with the greater benefits, and in pr¢paring the 2020 valuation has valued
the 'gr¢8ter value, b¢nefits for groups of relevant members.
ie eiiipluyer contribution rate for the TPS is 28.6%, and employers are also requiied to pay a
s¢heme administration levy of 0.08% giving a lotsl employer contribution rate of 28.68%.
POST BALANCE SHEET EVENT
16.
On 18 November St Edmund'$ School announced that it was lo merge with St Hilary's School in
Godalming. This followed a year of eooperaiion beiween the Governors and Headmasters of both
School& lo examin¢ the possibilities and oppOr￿nitieS for both Schools and their pupil, which itself
follbwed on from years of positive informal Telaliooship.
The move was formalised in an agreemenr signed by both parties on 29 November 2024.