ST BEDE'S SCHOOL TRUST SUSSEX FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 Index Page Legal and AdministratNe Informath Chairf$ Report Repryt of the ￿vern¢￿5 5-23 Independenl Auditorfs Report 24-26 cons0￿dated Stalement ol FinarKial AclNit*s 27 Consolidated Sheet 28 C￿$01t￿ated Cash Flow SAatemenl Notes to the F￿￿KIal Statements Page I ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 LEGAL AND ADMINISTRATIVE INFORPJATION Gov•rnorn The Current Governors are also th• th"recth of the Company arbj Trustees of the Charity. Those who seNed during the year are". Mr N A Mefcer BA (Honsl (Charrl ' # t t Mr S Avery 8A, FCA" lappoinled 14 September 2￿24) Mr J W Burbidge BA (Honsl ACA (Dewty Chairl # t Iretwed 2 DeC￿ber 2tr24) Mr C Haywood t Mr G Janakan S (appointed 26 Semember 2024) MfsSEJelty* Mr G Kakar" Mr D Keegan ' (reb"red 21 June %J251 Dr C Lemaigre MA Hon$. DClinPsyclxS (retired 29 November 21y25) Mr J Maynard . (29 November 2025) Mrs C k4 Nash BEd S * Mrs V Parker t Mr M Pattihis" Mr G Peffin S Mrs S Ryenhart # (appcmnted 29 November 2025) Mr K BA Mst s Mrs P Southern MA (Ox￿). ACA" (appointed 14 September 2024) The Rewend Jeremy Sykes. Wi Hons S * Mr A Tafgett t lapp(xnted 14 September 2024) . denote$ memt**ts of the Fma￿e Con¥nittee # denotes members of the GovemarKe, Nominab'ons and Remunwations C(Knmitlee t denotes members of the ProFety Devdoprnenl Comnmttee S denotes members of the EducatK)n Committee Tft￿l Executive Committe• Senior Sthool HeadlCEO Company SeuetarylCOO Company SecretarylCFOO Mr P M ils achieved a WCKd 82% A'_8 grades. ¥thile at GCSE. 45% of grades were al the level of 7. Secondly the Departmentfor Education has forthe firstline wnce2018-19 due to Covid-19 projuced the nats.onal league ¢ables on how rn￿h value indi¥Klual schcds wntribute to the edUcat￿nal attainment of their pupL8 at key Stage 5. 1 am delighted that 8ede's ranked 54 out of 2.541 ￿h0O1$ in the UK. placing the Trust in the top 3% (2.12%) nats"onally and by a signifttnt margin the most swLesslul indeperxlent school in Sussex in ierms of V&u￿1ded MeaSu￿s. The Summer Scho)I has had another successful year arwj we c￿ttnUe lo evoEve our offering and range of courses to reflect the changes that are lakir¥J pL4ce in the source markels arKI vthat pamts are seéking for their children. I hope this report provides ins*Jht into the values. ener9y. and unvravering commtbnenl of the WIK) community that deffftes Bede's. 11 also highlyhts the remarkable work of ￿Jr staff and my colleagues on the Board of Governors. who continue to ensure that our ww15 thrive in all aspects of Iheir lives. I particularly wa o thank and c(4)gratulate ow pupls are the life blood of Ihe Trust and who make l our con ions so satisfying. k M•r¢•r halr of Gov•mor4 Page 4 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT a) S¢ructuv• St Bede's School Tru* Sussex is a wi5tered chanlabte c(mpany esta1￿l$tied *1 1978, tharity number 278950, and company number 01386499. The I￿￿.1￿ of Ihe members of the company ts limited by guarantee. 11 LS administered by a Board of Goverrvs. the member5 of whth are also the Trustees. The TnJ$t, IwhKh since I SeNemt*r 2012. has been knty¥n as"Bede's") bs comprised ofthree $¢hools'. a Preparatory Sche*)I with a nutsery. based in Easlboume. catering for children belween the ages of 3 months and 13 years,. a Senior SGhool al Upper DL*er, edLKating children between Ihe ages of 13 and 18 yeats., and a Summer School providing academ￿ and recrealional programmes for young people Irom around the Wodd. All Schools are eo*du¢xtKJnal. have boarding and day pu￿15 and welcome children of varied abilibes. bl Govemafice and Manag•m•nt The Tntst i8 run in *¢*rdanc* with the 0fA55C￿tth of the chantable ttJfflp￿Y by a Board of G)vemors whose members a￿ listed ￿ page 2. Govemor5 retre in rotation every f￿e years and can stand for r8-efecknon. The Chair is elecled by the Govemors every three years and may $¢and up lo three times for re-eleclton. New Governors areele(xed by the Board on oftheir ewlity. per5(Th1o)mFetence. SFrtialist skills and local availability. The process involves rarKJing consultalK*n be￿n the Chair Board members, CEO (Chief Executi¥0 OlfKwl, CFCX) {Chief Firtan￿ and Operatin9 01f￿er} and CPO (Chief People Officer). The comwsition of the ecard is kept under conslant review a)d proper consideration IS 9iv•n lo sueosson p]annhng. New Gover￿￿5 a￿ inducted into ts way the T￿￿1 vffjrks by discuss1￿ with Ihe CEO, CFOO. CPO and the Clerk to trrt Board. They r￿e1Ve an infomwti?n pack about the S¢hool and its objectives as wdl as the Guidelines for Governors. issued by the Association of Goveming Bc#lies of Independenl Scho(As {AGBISI and apFYoved by the Independent SchL￿s Council. arKJ a Governance Manual of prathces and Pfocedufes specfft lo Bede's. They undertake safeguarding training and are also encouraged to attend traffting coutses fcff new Go¥emcffs. Al <>)¥eM￿ are en¢(￿rayed to go on relevant courses lo keep vp to date. The Board has adopted a Govern¢* Perfomi*Ke Reltew that ￿dIneS the basis of the Trust'$ annual ￿vIeW of the perfom)arKe of ihe Board of Go¥emors, ead) of the Committees and indNidual Governors. provides an OPFQrtunity for Ihe 8oard ol Governcrfs, each Committee and indNidual Govemors to refiecl on their overall perfoFmance to ensure they are fuffillin9 their respective roles and are not distracted erther by pcAx 8rdor woc*sses ￿ ty matteys have been. or should be, detegaled lo man•3ement The Board of Govemcrfs has adcpted the Charty Govemance Ctsje and thi5 15 revie*d and updated every 3 years. The Govemors meet once a temi lo f0m￿TrY rev*w the Trust's aff&"rs and hold additmal meetings as rttessary to re¥iew str8iegy and deVe￿￿￿Trt ol ihe Board business is dekgated to various Commfftees.. The Finance C￿mIllee chaired by Mr S A¥ery {Mr D Keegan until June 20251 rneets before each full Governing B¢xly meeting to review annu* budgels. lemly management accoun15. annual report and accounts and development expenditure proposals. 11 m*es recommerKlal￿nS for approval by the Board, including annual accounts, annual budget and settin9 of fees. Page S ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 The Property Develownent Committee chaired by Mrs V Parker, meets once a lenn to rev*w property development wogres5 and submits proF4)sals lor fuiure deveknprnent eypendilure and maintenance for Cons￿eratIOn by thè Finan￿ Commrttee. The EdLK*ion Committee. chaired by Mr G Perm (Mrs C Nash until 30 November 2024}. meets once a temi to focus TrusY$ ed¥calK￿al wlKies and outcoff￿. The Govefflance, Nominab"ons and Rernunerab"ons CO￿￿tee {GN&RI, chaired by Mrs C M Nash {Mr J W 8uth.dge 10 30 Novernt*r 2024), meets (KKe a terni lo ￿vieW an(1 Monit(￿ Ihe Trust's govemance arrangements. to m*e rttommendatpjns to Board on the appointment and reappointrnenl of Govemois and the recruitment and compensatm package of the CEO and COO Ilo 31 August 20251, and have oversight ofthe Temunerab"on of other rnembers ofthe ExerJJtive Team. At the summer GN&R Committee meekn"n9 the Comrnrttee are given a copy of Ihe AG81S￿￿es Cuifer Heads and Bursar5 Remunerati¢)n Survey rewt and any otr*r relevant ben¢hmarking information. The Chief People Officer discusses the remunerath)n of the HeadlCEO and CFOO ¥Mth the Govemor attendees on ihe Commiitee. This is also linked. bJt not directty lo. the assessment of their perfomiance &yainsl the Trusl Objethes. The Chair of Govemors contacts the four Chairs of Commrtlees mid-way through the Summer temi lo ascertain thw views as to the CEO and CFOO'S progress against the Trust Objectives. OrKe collated. induding the Chairfs own view, this dLxument f(mis the basis of the annual review meetsng the Char of Govgmors holds ￿th the CEO and the CEO holds with the CFOO soon after Ihe end of the sumrnef term. A sumrnary of both rev*W￿ is made by the Chair and reported lo the whole B(kird at the Autumn Boawd meetsng. in the Bo¥d members onty section. The Risk Revw Audrt Committee. chaired by the CFOO (COO lo 29 August 2025). with GovenKrfs in attendance, meets once a temi to revie* the risks I￿Ing the Tn￿1 arKI to scnrtintse the ojntrols in place to mitigate those risks. The Safeguarding Compliance Cornmittee. ch*red by the Director of Safe9uarding, with a Govemor in attendance, meels once a lerm to ensure the Trust ￿MaInS ccrfnpliant wTrth all matters pertaining to saleguarding. The Trust Heafth and Safety Corrwnittee. thawed by Ihe Heatlh Safety cryn￿lanCe Manager who meets lerrnty to discuss Health and Safety i5sue5 affecling the Trust A Health and Safety Management Cornmittee. chaired by the CFOO (COO unb"131 August 20251, meets annually. AFI Health and Salety Cornmittees are attended by a Govermr. The day-to4ay management of the Schools is delegated to the CEO and COO Ilo 31 August 2025), supported by Execulive and Senior Management Team$ al sc￿)￿. Govemors ¢ary out visits to the Prep School. Senior S¢hool and Summer Schcd 1PM￿hr￿rt the academic year. OBJECTIVES ANO ACTMTIES •) Clbaritabl• Obi•cll¥ The Arttcles ol AssoG1al￿n state. Tr obie¢ts Of the Charbty (Objectsl are to promote and PTQVi(le for the advanoment ol edu¢akn ol thildren and yOLtng pers￿$ in Ihe United Kingdom and elsewhere and. wthtsut prejudice to the generalty of the loregoing, in particular by the provision of a school or school¥.' These objects are athieved by the provision of cwluc*ional day and bo¥ding educats.￿ at both its Preparal¢xy Schcol and its Sen￿r Sch￿￿ an¢J by the prowsion of Summer School facilities. The charity welcomes children olvaried atslilies and airns to enabte exh pjpil to achieve to the best of iheir ability.. lee rernjssion Ihrough scholarships and means lested awards are provided lo Pupils wilh special talents or needs. so that they can benefft from the opporlunitss offered by Ihe Prep and S￿b)r Schools. The Go¥emors have due regard to Ihe Charity CommissA)n 9uidance on benefiL Page 6 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 bl G￿￿￿1 ObJoGtlvos fi¥ th• Year Our aim is to be the Ea￿ati￿1 Tfustot choic4 parents seeking an outstanding all.rwnd education for their children. maximising ac*mK Out￿Me$ in reklion ¢0 ability. ljecomww the market leader in additvJ value and buihjing on our existing strengths of pastc¥al excellence. a strorKJ artisbc Iraditton and outstanding swrting provishjn, a￿mented by our warni arthj carirKJ wnmunity. We are c*)mmitted to ensurir#J that 8ede's is a schoolwlwe every chld finds something thatthey enjoy and where they succeed. Pupils are encouraged to aspire to the very highest academK slandards and - most importanlly- a￿ empowered to enjoy Ihar leamiTr3. We wantthem to develop a bve of learning and ljelieve that this shouhj be a sowce of Bede's carefully t4en¢Js rgour. ntual and inf0m￿lty lo Create a Schocl where the young and the not so young support eath other in a poglive. Mbrant and happy atslwtrwe. We rectsJnise Ouf obligation to be an tygansSati￿ whKh has a focus on ￿CIal ￿ponSibl￿ty ar￿ as such, we will continue lo grow our Partn￿shIpS and acbvitts for benefil of the publ￿. The beneficiwies inchJde'. Young people. whose edUCath￿ is fvnded through fee irKwi•, donations, bursartes and scholarships.. The local communty. beneffts from aP￿￿e access to the Schoofs kn'lities., A number of ctrorib.es based in the UK worlth*KJe for t*htyn fvnds are raised at the s￿¢￿1. The general publ& who are the ulb.mate t￿￿T￿lar￿ of the Schoofs high-quality edy¢atKffial S￿leM and the social values that it generates. PUBLIC BENEFIT The Trusfs commilment to benefit and o)mmunty erKJagemenl remair*d a central pilLgr of its operations throLh3houl the 2024-25 a¢adern￿ year. a slrong focus cm (x)Ilaborakn wlh State schools. local resKlents. and charit* I￿ganisat*￿s. The Govemors, poly is to make wards lor fee wassw)n ffi tre b*.$ of financHI need and pupils. educational ability or talent Bede's does not have any historK erKlofftnl and. therefore, in awarding bursarie5. the Trust tries to ensure a balance befv￿n its ob1val￿n$ to fee-payJr& parerts, many of who make considerable pern￿31 sxrifw in order to educate their chiklren at Bede's, and those who will ber￿fit most from the wards. The Trust invests considerat4e ts.me •)d resources in the awar(ling of ils l)ursaries and ensuiing that, as far as able, the benefits ol a Bede's educat*)n are as acttswble as possible to thos• who do not hwie the means to pay full fees. During the year. it prowded 70 means lested bursary awards at a cost of £831k. Four awards were fvlly lunded plxes. In addition to its bursarial contribut￿nS, the Tnjsl is involved in a range of xlivities #i support of ts charrtabk objectives irKluding providing support for. and partnerships wth local schools. as 7Aell as fundrawo arrtl volunteering in suppcrft of charths across the UK and ovetseas. Ttte 8ede's Development FrAJftda￿n Ithe FoundatKffll was fo￿￿ed in 2023. The oty.ects of the FoundalK)n are lo advance education at 6ede's Schcd for the publi¢ benefit by providing fvnding. assislan¢e and support in Suth manner as the charty Trustees shall deterrn￿e. The inilral aim of the Foundation is to lund"fi¥e 110% Sixth Fomi bursaries each year by 2029. In 2024125 the Foundation raised a further £219k and lth wve fi¥e Foundabon scholats in the School. Bede'$ l*litses conb.nue to bè usedextensivety by the kxal community and partner ghools. particularly lttal slate schooL8. The year saw a 5ignrf¢ant wvease in cdlaborative e￿￿t￿al ath"vil￿. Pupils Pa8e 7 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 from local primary schools. including Chiddwigly, &￿t Hoathiv. and P* Me•J. attended a Year 9 play on the environment. fosterirKJ drabgue over a shared lutKh. Pth Mead Primary. our closest neighbour, is invited lo all in-house produclions. The Music deparbnent S￿n￿rantlY expanded its wcffk, hosbng a BTEC bands workshop for five xhools and welcoming over ￿ mus￿lan5 from the local servtce, Creale Mus￿. for an ensembles. ￿nCert in the n￿Y refurbthd Recital Ro¢)m. A'come and sing da was also hosted students and community choirs. uThJers￿M. g a str￿g c(Thmitsnenl to buihjing rnUS￿ C￿lL￿bOratIOnS xross East Sussex. The Scler￿e department shared expthtise thrcmjgh Ou1dL￿ PhysTh lessons and the sharing of good praGtKe with St John's primary SCI￿1 in Meajs. The onJsite zoo proved a popular resource. hosts.ng over 200 children from 14 tocal mainta'ned scho￿$ for hands-on ¢onserNab"on and animal care experiences. while also woviding free educatKfflal talks for kxal voluntary youth groups like the Guides and Scouts. The Sp)rts department offered extensNe facility access and eo&hing. supFortirKJ over 1,500 chiklren from kncal schools through a wtde vatiety of actsviti.es indudirKJ swimming, cnckel. tennis, football. and hockey. Fw weekly swmming lessons were wo¥￿ed three local schcols. and the Trust continued lo supwt East Sussex Acbwtses Placement Support with hdiday taster Sess￿n5. Furtheffl￿e. pup￿$ slLvJying 8TEC Level 3 or the Spcrfts Leaders Award led exF*rt u)a¢hing sessions in mults'ple sp￿ts for Year 5 and 6 pupds al four thal schools. fostering corrffiunity connection while allowing Bede's pupils lo devek)p Valuab￿ kadership skdls. The Senv)r School cwtinueil to support weekly Swmming lessons for Park Mead. ChKldingty, Dallington. arKI East Hoathly prinary schools. Formal partnerships continue to gr[￿. Th* W•a&Yen Partnership. established five years ago. ha$ expanded to ndude five rEew schcds, hosting a Joint sch￿1 couwl meets'ng. numerous spgrtng events, debating ￿petrt￿n. a quvz. and a public spe&king day. The STEM faculty, through the Galactic Challenge Enterprise. orgar05ed and hosted ￿adern￿ en￿hrnenI days ft>r ktal prinary ￿hooLS, alongside the Galactic Challery and the UK Space DesNJn ComFetstion. involving over 2￿ pupils. The SHAPE faculty visited five Sch￿15 to delr¥er wcykshops such as cities from scratch, and 'starting your own ￿sinesS day.. Org￿l$ed the Model United Nat￿nS C￿ferenCe for five local schcmjls, and hosted the European Youth Parliament s(￿)th Coast regional finals. Lower sixth sludents Volunteering as reading ambassadors provided invaluabk support to Year M pupils al Pth Mead Primary School. A careers fair. organi5ed by the Head of Careers and Empbyatrflty. saw over 60 exhibitors and was attended by 350 thiklren from four hxal schorAs. The Prep Sthwl activety parbcipated in lo¢al initiats"ves, h￿tIng Ihe Meads Cornmunrty Assou"alifm annual even( wnnin9 a STEM day for a state school, and l¥JhJing creative and Fvlomiing art workshops fLY ShiMwater Pftmary Sch￿1 pupils. Support for Vuln•r•bl• Children •nd F*mlll•• The Trust is deeply commrtted to suppytmg vulnerable dmldren. This year. the L¢)oked After Children {LACI programme saw seven LAC from East Sussex educated in Ihe Trust, all of whom were weekty boarding. The School provided 50% tsJrsarEs and covered many extra costs, with the Lccal Authority and the Royal Nat￿nal Children's SwingBoard FOUThJai￿n contn"buling the reMa￿d0r. A dedicated staff mernber conlinues to act as Ihe Ownaled Teacher for LACS and swve$ a5 a Governor of the Easl Sussex Virtual School, wthich the Sthool hosted for Ihree Governor rneets'ngs. the Chikjren in Care Awards, and a training day. The Sthool ab50 partners the Fosler Placemenl Support Service, hosliru grwps of children several a year for ar( cookery, animal managernenl activitie5. and holiday sports sessws. In October. over 50 chiklren in care, their cafers. and social workers attended an awards ceremLWJy to celebrate the¥ eilucational success. W￿$h a &milar event for younger d￿ldren held in March. ede'$ cOntin￿S io support the NatK*nal y￿rth Ms TfUS( access lo Ihe arts for¢hildren from non-pfivileged backgrourK15. with 50% of tK*et sa￿S from th8 S¢hcK)I Pky. Black Comedy, donated to the charity. The Legat A$￿￿ateS programme awarded one free p*e for rts annual danGe programme and free enty to the nalv)nal 'Let's Dance. caynpebtion. Furtherrnore. the Summer Sthool Programme offered fulty furKJed resKlenlial places to a number of un¢Jerprivileged Ukrainsan chitdren, providing an a114ndusive programme of twdirvj. pasloral care. lessons, and activit￿$. The Trust also Page 8 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 prowded fully funded day Fla¢es for five Ukrwian pupiL5 and fte remissw)n for a Ukrainian boardlng wpil Ityoughout the aAdern￿ year. Crynmunlty •nd ¢h•rltabl• R•l*tlon• The Sentor Schwl maintains a hhJlFvahJe role within the vitlage comunty of Upper Dicker. It works ck)sely the village sttop, Supports the annual Chnstrnas Carol singing. and mantains services lo the village ch￿￿ and a￿en1t*s. includir¥J undert*ing repairs. tending to graveyards, arKI gritting paths in wnter. The car pwk conlinues to be used by the village primary sctK>ol daly and for large church events. Local residents have freeaC￿ to the Schwl'$ swimming pool and gym atcertain limes, arthy the School provKts emergery SUPFrt such as supptying water lo the primary school during 01)tsges. Senh?r pupts wovth reading $upport to al age grou￿ at Park Prmary Sthool and volunteer al village events. In ternis of charitabfe givirvJ and volunteering. puimls are encwraged to deveknp a strong sense of civic duty. The Schc4)I donaied enough dry lood to the Matthew 25 Missh)n lo pr¢)vide 2.5￿ meals through its Harvest Festwal. Al Christinas, 170 "love in a bag" pa￿tL8 We￿ dcmated to Hailsham Foodljank, and 15 S￿deNtS sang Christmas cards to resKlents at a kxal h¢yne. Over 450 Éaster eggs were donated lo The Recovery Cale psycfmatric clinic in Hellingly. The P￿p School runs a weekly Young at Heart, xtiwty, wting we trJ engage*iiti the dderty. Boarding Day Houses raised neaty £13,000 for various charities I￿lUding Raystede. Demeka, UNHCR. and Young Minds. The Prep School raised nearly £3.CrtXI. with the m•iorrty SuprA)￿"ng the EasttM)ume charity. Warning Up the Hornel￿. wh¢ch recewed ￿nif￿ant donat￿￿$ of ck)thitvJ and ftr)d. Puwls fr(Mn both" schools uTrlertwk beach and park c￿S in collaboralion with Plastu Free EaStt￿rne arKI Surfers Against Sewage. The Animal IAanagement Unit is also xbvety involved in ¢￿se￿all￿, supporb'ng the People's Twst for Erbjangered spec￿ and The Sussex Wldlrfe Trust in w￿)n￿onn9 the Hazel Domiice populalion, and rxjnlributing to the conserrfakn of the crituuy endan9eied White 8elted Black and Whrte Ruffed Lemur. Fomial Shallng of KnovAgdg• and Ex￿rtIst The Trusl actr'vely fomialises Ihe sharing of knry*ledge. th11s. arKI expertw wtth othef educalwal pro¥￿er$. Several members of staff seNe as govemcfs for kxal primary and secondary Schools. including St Christcpherfs Schocl and Rallon Sch¢￿1. The Assistsnt Head {Innovation and Development} leads training aThJ inset se$s￿nS in other sctrrfyjls. sharing expern.se in onl1r￿ teaching and IT. while the Assistant Head Ikademicl arKI Head of the Prep Schts)l ¥e both ISI inspectors. provpjing valuable feedback and ins&ht. One ofthe Mathernat￿ texhers provides free onhne support for state schc4)I stutjents attending Oxbndge exarns. The Lwguages depart￿nt hosted an inl8r- schoo15 debating competition. Ihe Year 7 8 inter4cax)oLs quiz. and a Special EdU￿b.onal Nee(Js and Disabilities Coordinator (SENDCO) St(￿ day to sh8re best wactice. Local secor*Jary schools. Ilingdon and St Richard's, uliltsed 8ede's faC￿ltieS. ￿hIr￿j. and filming equw*ent for GCSE Football. The Z(￿ afso hosted o)nservabM workshops for k)cal sc*¢)ols. ACHIEVEMENTS AND PERFORMANCE SENIOR SCHOOL Academlc This year marked anotherstrong setof eM•ninalc￿ re5uNs * 8ede's Sch￿￿. At A-Level and equivalent. 33% of all grades were awarded at A". Ihe highest ever. arKI 82% achwed A"_B. Standout departmenlal resulls i￿l￿dert 95% A'4 in Business Studies. and A'_B in Photography. Art, Ceram￿, Spanish, RelpJw)us Stud*s and Drama. v￿at￿nal pathways *0 exceled, wrth 100% Di￿tr￿tA)n or DIsb"nc￿n' in PerfwinJ Aris, Psy¢holcsy. Produ(knn Arts a￿1 MUSK. At GCSE. 11% of Page 9 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 all grades We￿ awarded ai grade 9 and 45% at 9-7. Except￿>￿1 results inthded 71 % ￿7 in Religion and Philosophy. 85% in phot￿jraPhy. 56% in Drama and 67% in Computer Science. Slxth Forni headllne fl Total A level on 8TEC on 33 100 100 100 81 70 95 98 98 17 51 Yoar on rison 1025 2024 2023 2022 63 57 51 47 98 98 98 100 25 17 25 78 70 71 1¢ 1CM) 89 Flfth Form & Prg-slxlh headllne 94 Total GCSE BTEC 11 10 19 24 24 19 67 82 93 93 81 99 98 100 81 81 100 Ygar on ear Gom atson 94 94 94 2025 2024 2023 2022 11 13 24 25 22 29 93 98 98 98 99 99 99 99 41 45 65 81 81 15 93 R•sull8 and V•lw Added Value added at Sixth Fom) was exeepb"onal. pL3ciThJ Bede's in the top 3% of scliools nab'onally and securin9 94% of wpils. places at tr￿1r first-choKe university. These outcomes deM￿straIe not only academic excellenee but also the School's atility lo enable puwls lo exce&J expectal*)ns. Curflculum and Aud•mlc Support The School's robust approach "lo assessffenl continwl, with enhanced Year 12 assessments intrnal ¥ademi¢ support stssions were offered We￿Y, ensumg perS￿lIsed help was wvjety Outr•a¢h and Futur¢s ProgrJmm• Our Futures provision remained a key strength. guiding pupts towards ambitiws and approprrdle FQSt- Bede's pathways. University and c¥eers support conb.nued to be underpinn&J by a programme of industry insights. $ubjectlaslers and life skills. PuP￿S *tre supported lo secure a w4Nle wange ofexciling offers. V*ith the overwhebTung mai￿lty pjxed al their preferred destinat￿￿S. Areas of Focus for 202>26 Vlthtle results are excellent. priorities for the coffing year indude imwoving GCSE and Level 2 BTEC outcomes. with w11c￿ar attention to 8and A boys arrfl strategic subject deCiS￿n$. Sustawiirwj and Page 10 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 further enhancing value added remains cruc4al, Iwikling ￿ our posilfv)n as the 54th highest nationalty. Finally. the SchcoJl wll develop a more strategic appToach to academic marketirrfJ, ensuring our achievements are ¢e￿t￿ated and cCrfnmUn￿ta(1 effeclNely to toth internal aTrJ extemal audierKes. Bede's enters 2025 on the of a record-treakiry yw. *ith strong foUndati￿S for continL*d academic arnbrt￿n and innovatsn. P••tornl The School signfficanlly advanc*d its commthrent lo equty. d￿e￿ty. inclusicm and belonging {EDIB). expanding its calendar ol events to indude Chinese and Mexun festNaLg. Other htghlighls included a series of impacthjl presentat*)ns and film stteeniNJs 1ccussM￿ on the therne of diversity in sFI)rt Wthshops around mental health aThJ spvrtLF* *ere introdLud in partnwship with an organisalion called Go Health. A new Pupil Voice Cc#rmrftee. 'Her VoKe" was eslabhshed duiing the year to arnplty the vol￿$ of female pupils leading to contribjtions on 5POrtswear reqlesons and impro¥ements to the gym environment and plans are wi to expand the inth"ali¥e and 7hiden partKipalKJn and the rofi-out of prefect led PSHE sessions has been a particular highlight. Wilhin boarding. the academic year saw transl0rvna1i￿ invesbnent in IN)Ih the physical infrastructure arkl operational technolcgy. further solidifying our commitmènt to excepts.onal pastoral care. The most vigbte Iw was fv ¢ornplele refU￿1$hment of Stud HcNJse. one of Ihe boys arding fK)uses. This extensive renovat￿) introducgJ excellent new common areas designed to benefit Ihe entire boarding community. al￿9￿¢ the addition of a modem ktrtchen dedKated lor use by 'xlh Fomiers. Cn￿la11Y, a now dedicated Overn￿t Care Fxlrty was opened, woviding indrv•Jual rooms which will allowfor pupils with Infect￿US illnesses to te cared for safely and effecbvely. The provision also include5 separate. high-quality accomModat￿n ￿ th8 Nyht Matron leam to ensure uninterruOed overn￿bt re. Beyond the Sermor School hrNJses. we T*we delighted to rna￿ the Comple1k￿ of the fwst fvll year of operats'on for Fairfiekj, our Prep School Boarding House. on the SenK*r scho￿ srte. The integration has been a ￿sounding success, V•iih our younger PUF41s (Years 6, 7, and 81 and their ded￿ted staff blending seaM￿SIY nto Seni(* Sch￿1 life. Thisclose proximty has ennehed iheir expertence, allowiTrJ ¢)ur youngest boarders to attend a range of whore school evenls, irdity the Annual Cdow Run. Bede's Fe$l. Ihe 8oaiders Chrisljnas Paty, artsj Bede's Day. A major $trategie improvetrÉnt eame with the suCcessfi￿ rOll-￿rt of Feach Boarding So￿are, across all five Senior Boarding Houses. Thi8 FX)werful system provides live trxking and regislers. signfficantly enhancing our safeguarding oversight of t*)arders across the yle. The implementat*)n of Reach has 8150 St￿mIlned OUT admintstrab.ve prertesse5, resuming •) demonstrably enhanced UKVI record keepir¥J. ensuring we remain fvlty complranl and effK*nl Our commib))ent lo fo*ering a v*Kanl cc#Ywnunty rernaw￿ central. The Boarding Committee has continugd its dedic*ed work. ensuriry the Ix)arders' voiGes are heard in all key decisions. Furthemiore. we buillon the SLKcess olthe prev*)us year by h05tsng even rrKJre House-hosted events and welcoming pafenls to part￿ipate. makirKJ our famity community an even more integral part of boarding life. These developments, from stale￿1-th￿rt facilit*s and technolL¥y to exceptional communty engagement. showcase ourconlinued dedU￿n to kvoviding Ihe very t*1 suppo.rtNe ar•J inclusNe environment for every trf)arder al Bede's. Page 11 ST BEDE'S SCHOOL TRUST SUSSEX REFY>RT OF THE GOVERNORS YEAR ENOED 31 AUGUST 2025 Co-cufflcular Two years after the opening of our nev•est boarding M)use. t}￿$. we are pleased to havo a lull complement of topqualrty t¢oding houses on the Senior School site. Our commitment to creating a SUPFrfXtive environmenl for t*)wders ts ￿fie¢ted in our onping refurbishment efforts. Our revamped weekend and evenin9 schedule now offers a w*J8r varty of mKI-week opportunities. Additionalty, we have IMp￿mented second wep session$ lor al t￿arders, designed to provhl8 greater academic supwt and enhance ￿rnIng ¢xrtCarn our pupib. The Boardin9 Committee has been parb¢￿arty the thrs y, with continued encouragem8nt for boarders to parb"cipale in House Cour*rl Sthool Council rneelings. Once again, we have achieved rep￿Sen￿ll0n from all year grtyjps in the Boarding sulFccrfnmittee meets'ngs. To further foster a sens• ol belongrng. house-hosled events We￿ organised and invitatio￿ extended to parent$ to join us for various evening activities throughout the year. This refleeted OUT strong eommrtment lo lully involving families and making them an integral part of our communty. Our commifftnt to w0V￿1n9 Ihe best pOs9b￿ boardry exp8TierKe is also reflécted in change$ to key personnel. Last year we wekomed trwo new housemistresses ￿th valuable expèrience frw other HMC schools, lo lake chafge of Dorter and Crossways Houses. All of our Housemasters and Housemistresses continue to te supported by dedicated DepJl*s. Reshlenl Tutors. House Managers, Matrons Ntghl Matrons who provide rourKI-Ihe-ck)d¢ Ca￿ for tyjr toarders throughout tem) b'me. These ongoing devebpments showGase our commilment lo conknnual improvement and our dedication lo ¢ultivaling a supFortive and iThSusive tK)ardrfvJ envircfflmenl thal fosters a sense of belonging for everyone al Ihe Schwl. There were over Sts) tn.ps and visits that took pL%e during the year. ranging from ￿1 excursions to major overseas tours. Res41entk81 wsts I￿uded a Tour to 8n￿e$. a rhirKJ conservation Irip to South Afiu. a ski trip to Valloire. and Ihe t4'annual Global Acti￿ trip to Nepal. The Media trip lo New York. the football training camp at Benr￿ and the Senior Cricket lour lo Antvjua whth included a pre- lour wsit from ￿erMIary cricketer Richards. were aso hghhghi5. Bede's leams Perf￿ extren*ty wel in IAodel Unrted Nations events through¢￿1 the year and as a resull. for the first time. Bede's was selecled lo partwte w) The HJJue Intsmaknnal Model United Natsons toumamenL A-Level Drama and English pupils received gI(￿lrIg fv&star ￿viewS fortheir prforniance of The Trials al the Edinburgh Fringe Festsval. The programme of trips also ir￿ded the popular'weekends at the Wesl EThJ" wttth provided ￿ Mnportanl opportunity to eXp￿rKe 8nts.sh ¢*liure for I￿r Int￿IOnal sludents. Perfornilng Arts The Music depwtmenl had a vtJrant year. featuring the outdcxjr fesliva Bede's FesL ihe House Music comFelition, Ihe b¢ennial Cabaret c0fi￿rt which invofved mus￿1￿5 and dancers and was themed around the history of Frt)puiqr music. During the Spring Term. the Music Departrnent hosted an orchestral event involving 75 young people from across Sussex *KI tt￿ year¢wduded with the annual 8ede's Young Musician of Ihe Year wmpeb.bon Legat Dance ach*ved a starkdout 100% th'5tinctth" for all dancers studying the BTEC Perfming Arts Level 2 and 3 courses, and is r￿W a recognised school with ttre Cour*41 for Dar￿. Drama and Musical Theatre ICDMT). Students enjoyed a progrwnme of with seasoned external professionals as well as trips lo Ilalrd Conti School and Nt*¥e It in London where the dancers both perfomed aTrJ exhibited. The dancefs, end-of-year sfiowease. A Moment in fime. featured 80 pupils frcyn across the Page 12 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 Twsl at The Ccryress Theatre. Students have arK* again secured places at westigious perfomiing arts and balkl scho(As ir￿lL￿11n9 &"rd Colkge. Wi*s and Italia Conli. In Drama, a fvll-scale woduciw of Black Comedy was staged. and Ihe department began $￿enIng National Theatre Live wodvctions, we1corn￿g l¢xal cLvi)munity members. Lower Fifth studen15 all designed stage sets for a prodLxtson of TW$u￿ 151and. ¥nth work displayed within an exhibth"on. The winning design Wds bro￿ht lo life in ful for the Junb)r Sch￿1 Play. Vthith many other students involved in an array of b8ck$tage roles. The Orama departrnent abo achieved A-A grades" al A Level. In Sport. Bede's hosted the SthooLs' Tennis Champ#￿shipS for over 600 PUFi15 from 15 schwts. The Senior School also hosted Sussex sCh￿ls U13 and-U18 fcolball tria& free of charge. pro¥￿ing opportunilies Icryoun9 athWs lo showcase the¥ lalents. Bede's staff. leveragin9 their 4)orts coaching qualifiCa￿n$. supported local jUn￿r Clubs such as Eastboume Borwh Foolball Club, enhanciry the eommunivs S￿ing skrfls. Tennis achieved rernarkab￿ success. re￿Ing the natKThI finaL% in both b)ys' and gits. wmpebtions. whilst also winning eight county titles includiryj Ihe Men's Sussex U18 champ￿nShIp. The year was marked by a number of team su(xesses. including the &"rLs U17 cricket side whKh made the national semi-fin*, and the Prep Schcd U13 Cncket *de were national IAPS final runners- up. The U18 Boys first Xl football team finished f¢￿th in the Hudl n*k)nal ￿9ve which features the top ten forAballing Sch￿[$ in the U There were also SOTne outstanding indivi¢Jual perlcrfmarKes ￿th Naklanni Cumberbatch fepresentsng Barbados U19. Fraser W*Jdop playing for EngLand U17, Sadiè Gregory and Issy Ranger playin9 for Chelsea and Bnghlon respectively. Charlotte Waikins (x)mpeling lor Easl Grinstead 1st Xl in hockey becoming a Euro's indoor hockey champon. La$Vy Kobe *obude. HaThey Boddy and Liam Ooyle all swJned fooiball contracls ￿th professicffial dub5. ￿3VIng the s¢*cd to pursue a professi￿al pathway. In lotal. three sbjdents soned wotessK)nal fooiball ¢(¥￿Iacts, urwJersc￿ing the high calt¥re of individual performance. PREP SCHOOL The Prep School conllnued to promerte readtrtg and Y￿b"ng for ￿easu￿ VAth author Vtsrts. wr(ang workshops. and pa￿CIPal￿)n in nalp)nal competitions. A focus oracy was e¥￿ent through structU￿d discussions. debates, and a "Performing Sttakespea￿ Compebbon" culminating in a performance at ShakesFeare's Gbbe. In￿￿tIveS hke-DfOP Eveiything and Listen." and"Battle ofthe Book Characters." demonstrate a commthent to ￿e￿O￿ng C￿MUn￿l￿)n and publ¢ speakin9 skills. The English and Compuling departments are utlising innovatNe teachirKJ methc#Js lo enTh￿Ce leaming, whKh included using Al in intwwiews and expW)ring how rt can be used as a leamiThJ tool for 5CriPting podcasts in Sc4ence. The ISEB Prt4ecl QualIf￿alK)n {iPQ). its third year. eryged all Year 7 puwls in indepei¥Jenl research and problem-sofving. foSter￿g essentval 21st-cenlury skills. The schc4)I has been avarded "GrAd Schoof stslus by ISEB rts ￿)rrI￿thent to the IPQ (Prosect QuaIrfut￿>. A new Plaths cUrricu￿rn wrth a f￿S on Ikrency and rwmber sense has been introdLKed, supported by parent workshops. The History ￿Tr￿ulUM has been rad8signed lo align with Commn Entrano and GCSE expectations, frtusing on urtKal thinking skdls. ￿aderSh￿ in the Phikjsophy and Religion departrnenl has ￿sUIte￿ in a refreshed eJJrriculum and iweased communty engagement throtsgh I￿al Page 13 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 trip$ and inclusNe fesbval celebrthns. The STEM ojrriculum has been enrthed wilh eng4ing trips and workshops. in¢￿dIng ￿$1¢$ to the Paradox Museum a'STEM on a farm lrip.. For tl* fitst time. there were 17 Year B pupils who sat the Edexcel Level 2 A￿ebra exam. Tlw were the first batch ol pupiL4 from the Prep School. The exam covers A&Jebra content that is taught al GCSE level - Year 10 to 11. Collaborative projects SLKh as the 'P¢)esiearf compebbcffj demonstrate a cross-curricular approach involving English. French. Spanish, and M. Furthermore, the school is alKJning the Key Slage 3 curr￿UluM with the Sen￿r Sch¢)ol to ensure a smooth transrtion fof pupils. The implementalkjn of Ihe Jigsaw curriculum acfOSS the ￿h0o1 slandardises PSHE (perS￿al. Social. Heallh, and Economic) educat￿. integrating erTh)tion4 ￿tera￿, mindfulness. ana sotsal skn'lls development. The continued success of Beach sch(￿ arKI F￿e$l $￿K￿l WO¥Kles hand5thOll. Outdoor leaming expeller￿5 that reinforce the .4 C's" of critvl Ihinking. creative thinking, collatoralion. and communication. This provisN)n has been enhanced Wblh rew awards lor PUFrfls from Nursery to Year 5. rewni$ing specafic skill development and progression in these areas. The schcol is collabNatir¥J with 8kn11ionthas to provpje pupils Receptson lo Year 8 ¥&ith resources and workshops fcKused ¢y) career literacy and development of key skills. Bede's Prep had an in5pirry vtsrt fmm kKal MP Josh BabariTrJe. vAK> deliver&J a presentation to Year 7 and 8, *1 about ts rfftr of effeclNe C¢￿un￿alA)n. The nevAy evolved Discover Programme for Years 7 and 8 ChaI￿nge$ wpils with a carousel of projects designed lo encourage independenl and crealive Ihlnking beyond traJIt￿)nal subjecl bovndaries. Some Ye8f 8 pupilsjoined the Model United Nat*)ns conference at the Senior sch￿1. They worked alongsKle 150 pupils frLYn a range of st1￿￿)L$. many of whom were in Years 11 to 13. The schts)I has been awarded the E¢o-Schools Green Flag with D1slw)ct￿n for the third 0￿SeCutIve year. a testament to the pupils. ccynmitmenl to Sustaina￿.1￿. The pupil-led Committ88 organtsed 5uc¢essful initi"alives h'ke a whole-sthool Eco WeeK lrtleryckry dFives. and a fvndraism9 Stall for W¥VF. Bede's was ¢)rte again rectsjnised as a STEER Charnp￿n Schcol. Thts accolade highlpjhts the school's consistent and hKJh-standard ￿p10M8n1ats0n of AS tracking and 1nteryen￿ns, which have enhanced pupl *elbe¢ng and personal deveknpment The school activety partKipate5 in trUst￿ide initiatNes, incknling the promthn of ￿PetItionS and shared departmental owves. Local community engagewl is a key locus, wbth plans to visit various local relig￿US buildings. The ￿h0o1 is also acb.vety engaging with Ihe local Community through event5 such as inviting a wimary schod for a ￿le￿ and swimming moming, hokling public music con¢erts, and having Year 3 and 4 pupils perfrym poety at a local nursing hoff￿. The sthool's parttyation in EasltKJume Youth Radio and the VoKe In A Millw performance at Wwnbley Arnna also showcasg its commitment to extemal opportuThiies. There have been termly assembl￿$ named -county of the Term" to cdebr*e Ihe Tth diversity within the 8ede's communty. Each twm. a county is huhlyhted and PU￿1$ explcwe ts culture, language and tr&lrtK*ns legether. Annual resKlenlial trips to Fr¥￿e *KI Spain ￿ Year 7 pwts wowded a valuable cultural immersion experience that supports I￿guage *rniry. A u0ss-curr￿ular pro9ramme is also pl￿￿e￿ for n(￿- MFL and EAL sludents durww this time. The schc*J provides a diverse range of artist￿ and performance opportunities. Pupils achteved exceptional results in LAMDA. music, and dar￿e examInat￿n$ Iwith two4hirds of MUS￿ pupils gaining a disb'ncton). Dancers yfomied al the local Congress Theatre in 'Le¢s Dan¢e'. The Art Page 14 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 departmenvs collaiMNations with organisakn.ons like the Easitx)ume EdUCat￿n Business Partnership pupils wilh real-wtykb eXp￿nCe in fiekl$ lthe *iiteclure and sustanable deg9n. Bede's Prep was once again named amcrrfj the top SO crrthet P￿p scht>￿s. The annual selecl*)n process is rigorous. ¥&ilh numerous scknls submilting entries for a coveted spot. The eXtrxurr￿uIar programme has been updated to expthcty Imk acIN￿"eS with the development of 21stoup hekl reserves totalkng £34.5m (2024". £34.8m) of wh￿h the Group's fixed assets, rf of b￿rOWIng of £3.7m. rekyesenls £30.8m. The Trust has free rese￿eS of £3.7m12024'. £3.6m). At the wesent time, the Govemors CAintinue lo fccus on the delNery ollhe Tnjsfs Propety Masterplan, requires ￿lu1 managern)t of cash flow aprKopnale financirvJ. CARBON AND ENERGY REPORTING UK Greenhouse gas ernissK)ns and energy use dala for the pe￿d 1¥ September 2024 to 31* August 2025. The Trust has folowed Ihe 2019 H.M. Government Environmental Rep￿kn9 gUKlelines and have used the 2024 UK Govemmenfs u)nvefsion facttys for company reF#)rting. 2025 6 010948 2024 Enei onsurn t￿n used to cakulate emisskMS Energy consumplKJn breakdown (kwh) 860.142 1.290.241 638.254 85.133 2.097,604 841.683 1,371.240 566,038 16,114 2,098.447 LPG Fuel Oil Gas Oil Ele¢￿ty Trans Fuel S¢op• 1 emissions in metric try)r￿S CO Gas consunwtK>n LGP Fuel Oil Gas oil Chwed transport- minibuses T¢>tal Sc 157.37 276.76 171.13 21.84 246.85 873.95 153.94 294.13 151.78 4.13 240.33 844.31 Scope 2 emiss*￿$ in rr*ic lonnes CO2e Purchased electricrt 371.27 Scope 3 ernissions in metric tonnes CO2e Business travel in em ee owned vehicles 6.74 13.31 Tolal Gr￿* •rnl¥$lons In melffk tonnm COZ• 1351J6 1,292.10 Int•n81ty rallo lonn•s Coa• p•r WbpS111013) 133 128 In addition the School has a B￿asS planl lor heat generab)n aM0￿)ts to 1,990.550 kvth or 22.89 IC02e whtch we wsh to indu¢Ye on a voluntary basis to prowde a compth p￿Ure of energy use and eMtssi￿$. hence the indUs￿n ol fowl luel sowces ts than gas within Scope 1. Page 19 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 The chosen inlensrty weasuremenl rakn is totsl gross emiss￿5 in metnc lonnes C02e per pupil {exduding Biomass). The rnetr￿ rf tC02è pw wpil has risen to 1.33. Athough the tolal tC02e has redLKed, the Sthwl rol t5 kmr whKh has caused the increase metr Measurns taken to impmve energy effKW. The work to redKe thwnderKe ￿ f05siI luels continues. 8Kmass IS nw the primary heating and hot water source Ihe New t)0M￿ arKI Slud I￿1Th9 bhxks has enaLqed a marked reductK>n in the use of fuel 0￿. Sub-metering al the Seni¢rSchty)l is ntrw¢0Mp￿ and the ekthity eonsumpts.on for 31 specific areas and gas consumption for 7 areas can be moniiored on a 3￿Minute ba515 on the Stark meterirwJ portal a￿S both site5. 2 etectncty and 1 gas meter will be *Jded shffj. Electricity o)ntracts for Sc*thl stipulate green energy sour￿. An energycommitleewll nry*considerthe wnplwnentabon of Phase3 ESOS savings recommendattons by comyling an ktion Plan. Further engagement ol ts Stsff and pupls be xceler* wng thè nèw su1￿meteriNg and coordinalion wth thè Eco Schools initsb¥e. SUBSIDIARY COIAPANIES The Trust has tr*￿ active subsidhiries. D￿ker Enterwtses Limited. whth operates the School Transpwi Seryice. and extemal lettings. and Lelchf*ld Propeft*s Limited, which provides de51gn and buitd service$. Both subsidiary eompan*s have Deed of Covenants in place. Exh year. rotential a Ibewig e&h compan￿3 ta%￿￿ profits) to the Trust is in the Financial Statements at each Balance Sheet date. PRV4CIPAL RISK AND UNCERTAltirEs The principal risks fachng the Trust a￿ those thai *Y￿k1 generaly be expected within the Independent School's sector and include the frAlwrvJ'. Adverse changes in the UK economy indudry huh in1ja1￿. in¢ere5t Fate •Jjustments. exchange rate Iluclua￿nS ￿ economic recess￿. Changes lo an overseas economy. their overseas study regukt¥y￿ or sanctions against a country from whth Ihe School rermits. Tax and other legislats've changes. erther wthm the UK generalty (K affecting the Independenl Schools seclor more speufulty. eSpe￿alty VAT M School Fees Compebiion from other education yo4rydets. Changes to immgfab.on regulations. y situation which wrwtd give nse to a svJniftant decline roll. Any situation whth *Oukl giva nse to an area of n(M1-compl￿nt¢. Cybersecurity threats. Energy Costs c￿rnate change Gwlitical instabilty The Board of &)¥emors have set C4Jt thew approach to risk in a risk apFetile statement A Trust nsk reg15ter is maintained. The key risks and the c4)nlrols used by the Trust to manage rtsk ale overseen by the Risk Review A￿lit Ccrfnmittee. This u)rMiittee meets temity to fomally review current and emerying risks and audit mrtwg Control measures on belww of the Board of l5)vem￿ and irdu¢Je the following: Page 20 ST BEDES SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 Being awe of theUK economic and that ofo¥erseas courtri8s the Trust recruits Membership of lTrJependent Schools organrsations. abng ￿thoUSe expertise ensuring that legi￿atiVe charys affecting the lTr*eTrJenl Edu¢*K)n sector are known and appropriate changeslactws implemented on a timely basis. Tra￿n9 wpil rewitinent roll on a T*ed(ty basis tmth appwiate dashboards d￿tributed wittru"n the Tntsl. Pro¥bsion ol and robust cc¥npetrtor ￿y815 10 infoTrn mwketing ofthe School. Compfehensive Strateg￿ planniThJ. budgeb'ng and management accounting is in ￿ace and 0￿UrS on a tifflety basts. Budgeb'ng and forttasting is undertthn which indudes scenario planning. Use of a risk man4emenl System to record ￿ks. associated controls. like11t￿4 and impact of the is ￿ p*e. A comprehensive range of apprOW￿￿ Insuran￿ prry1￿ is maintained. Safer recruitment prO￿U￿S, as requi￿ by law fcf the safeguardirg of chihJren. are in pkce and a Saleguarding C(Mnp&ance Commitiee, attended by a Governor wth spaci safeguarding responsibilty. monrtors overall safeguardirKJ Complkin￿. Formal agendas and minutes are in plKe for all Committee and Board thity and al Committees have detsI￿d terms of reference. Estsblished organisattonal stnthre * lines ofrepming existwrthin the or9ani5alion with fomal wntten Pol￿ in place which are annuaty reviewed by tre Board of Govemors. A ￿gUlar cycle of external audits and inspections by third pa￿5 is fc41owed. During Ihe course of the year, trte Board ￿d$ S*i%f*d lh* ts ovdrall assessTrent of retained risk to the Trust was aligned to the stated appEb"le PLANS FOR FUTURE PERIODS Mindful of the Trusvs desrn to realise educatwol finaK01 goal$ ￿[d ￿ realilies ol ihe market in whith it operates as ￿ independenl sdthl. the Govemors have de¥elopEd Strategic Plan. Plans for fvture periods are aligned to th¢s plan wlith outlines ￿ fNe essenlial aMbI￿n$... A joyfvl, pupikc8ntred and innovative ethKatw)n Celebrate and strengthen eommunty Further promote. apprec4le develop er)Woyee c4)mmunity Be socTralty envirthvYwt*ty r8¥(K￿lL￿e Bede'$ for the future The Strategic Ambilk)ns Ih)w throtyh to theAnkwal Operaknal D8vek>pm*)t Plans wh¢h details plans to achieve these tsrgets, irdudiry". Edu¢altonal Excelleno." Enhanc* texhing and I?￿ry thrO￿h struthjred Continuous Prolessional Devebpment ICPD) for and rthsi moni￿ring and support systems for indNidual pupils Tal￿1 Management. Pr¥)itise thè re(xwbwt bng4emi retenl4)n of excepts'onal staff. Infraslructufe Man4ement'. systemal￿allY pursue the ¢￿￿rtion suNey prowam and omi onping pl•n¢d preventative maintenano. Develop Innova￿ fxilttres n line with a plan￿d caprtal budget Fin￿￿41 Strategy and &jstwa￿.h.ty.' Q)e¥elop year.spwfic finanoal templates that aGuxatety reflect the exp￿￿llUTe [wu￿ed lo achieve these strategic plans. Page 21 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDED 31 AUGUST 2025 Ensure ajequale inccmme generalv)n to fuThJ these wogrammes and reduce deb( whilst maints#iing affordablity. 8n)aden ￿esS to the sctKoI Ihrough lunded tr￿rsary prffjrammes. Enviionmentsl Responsitslty. Redu￿ the environmental impxl associated with all school activities. AUDifoRS Haysmac LLP V•TTr apprAnted as audbtors to the cornp￿ in x¢ordane• with section 485 gf lho Companies Act 20CE. A resolut￿n wop)sing the appo￿tr￿ent of the audil£¥s ts made annually al a Genw* Meetry. STATEIIENT OF GOVERNORS. RESPONSIBILrnES The Governors (who are al￿ directors of St Bede's Sth¢)ol Trust sU￿X for the purposes of cornpany lawl are reSpons￿le for p￿paring the Govemor5' Rewt linthdin9 the Strategic ieportl and the financial statements in accordance with applicable law aThl Unrted ￿"ngdoM Ac£ounltyig Sland*ds (United Kin9d￿fi Genefalty Accepted Accountsng F>r*tM%). Company law requires the Govemors lo prepare finanaal ststements foreath financial ￿#r vknich give a true and fair view of the state of affairs of the charilaLqe company and Ihe group and of the incoming resources arKI applvtion of resources. w￿ludir￿j Ihe income and expenditure. of the charitsble company for that perw)d. In preparirKJ these financial $tstements. the Govemor5 are required lo.. select suitable at￿Unting Wioes and then appty thern conststenty.. observe the melh&Js and principks in the Char￿"e$ SORP (Stslemenl of Rec¢Jmmended make judgments and accountry e*imates Ihat are reasoiable and W￿lent. stste whether appluble UK Accountmig StaThJards have been follvwed, subject to any material departu￿$ disdosed and explained in the finaroal statements.. prepare the financial Slate￿ients on the goirKJ concern l>asis Unle￿ il is inappropriate to yesume that the ¢harrtable cOmp￿Y conlinue in b￿1fte$S. The Govemors are res&￿s￿le for en5Urn19 that adequate xcounts.ry records ¥e maintained that are sufficient lo show and explain the chan"ty's transactions and di¥ehJse wth reasonable acojrary at any time the financial position of the charitable company and efta￿￿ them to ensure that the finan¢ial Statements comply with the Compan*skt 20C6. They are also responSi￿e for safeguarding Ihe assets ol the charitable company and ensuring their proper appl￿tA￿ in accordance with charrty law. and hence lor taking ￿¥sonable steps for the prevention and detection of fraud and other irregularities. So far as GOVer￿ts are aware. there is relevant aLhdit informaivJn of whKh the th￿￿•ble compan￿$ auditors are unaware. The Govemors have e&h taken all the steps that we ought lo have taken as Governors in Order to make oursefves aVra￿ olany relevanl audit inlofmalion and to establish that the charitable c￿1panY'S auditors are of that informal￿fi. Page 22 ST BEDE'S SCHOOL TRUST SUSSEX REPORT OF THE GOVERNORS YEAR ENDEO 31 AUGUST 2025 As Truslees, the Govemors are for.the mainteronce ￿ Nitegrity of the corporate and financial information included on ihe charitable companYs websrte. LegisLglion in the United Kingdom goveming the P￿Paration and disseminatron of ffinanC￿l statements may differ from legislab'on in other jurisdictions. The Governors. AnnL￿1 Rephyl and *AX)mpanying financial statements are approved by th¢ Govemors ol St Bede's School Tnjst Sussex. The Stralegt Report. which forms part of the Annual ReFQrt, is approved by the Go¥emcYs in Ihw as Direct(Ks in company law of St Bede's Sch)ol Twst Sussex. Signed on b of the Bo¥d of Gown￿ on 29 Novembef 2025. Ch Mercer Page 23 ST BEDE'S SCHOOL TRUST SUSSEX INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Oplnlon We have audited the con*STdated fvtanci81 statements of St Bede's set￿ Trusl Sussex lor the year erthd 31 August 2025 which compnse the Consolidated Statement of Financial A£llvrt￿s, the Consolhjated and Charitable CcAnpany Balance Sheets. the cons(A￿ated Slatem8nl of Cash Flows and notes to the financial statements. ir¢JudirwJ a SUMM￿ of signifKant accounts.ng w11c￿. The ffinancial rewrting framework that has been appl￿ in their preparation is appIl￿ble law and United KKigdom Accounting Slandards. includiTr3 FwwK?al ReF4Yting Standard 102 The Financial R$port￿g Slandardappl￿ablein lh8 UK andRepublr ollrelaThJ{United ￿.￿dorn Gen8rally Accepted Accounting PrarlKe). In our opinion. the finanthal statements.. give a true and fair view of the state of the gr￿p.$ arm1 of the parert c*arrtable companys affairs as at 31 August 2025 and ofthe group's and parent tharitable company s net movemenl in fvnds, indL*Jing income expenditure. the ytar Ihen ended: have been property prepared in ac￿rdanCe wth Unrted ￿"ngdoM Generally Accepted A¢￿￿n11n9 Practica,. and have been prepared in acconlance with the requirernents of the Ca￿?nieS Act 2(KO. 8a81g lor oplnlon We coThJucled our audit in accordance vrith InknoatM?nal Standards on Auditsng IUKI {IShs IUKI) and applicable law. Our responsi￿"111￿$ under those standards a￿ further described in the Auditors responsibilits.es for the audit ol the financ*1 statements seclion ofour ￿Port. We are independent of the group in acC￿danCe wth Ihe ethical requirements thal a￿ ￿le￿an1 to our audrt of the fina￿la1 statements in the UK. inclthling the FRCS Ethical Standard, and ¥￿ have fvIAled our other ethical re$ponsibilitses in aCc￿danCe vAth these requ1reff￿ts. We beh'eve that thé audit evidence we have obtainèd is sufficient apwopriate io provKle a ba¥1$ our opMnM)n. Con¢lu51ons rela¢iThg to golng conc•m In auditing the financwl slalements. have conc￿ed that the IfUStees' use ofthe 9wg concern basis of accounling w) the preparation of the finarKial ststements is appropriate. Based on the w¢Mk have perfomied. ** ha¥e not *JentifEd any material uncertainties relating to events or con¢Jrth)ns that. ndivtdually or colleclNely. may ￿$1 S￿3nificant doubt on the group'5 ability to continue as a going concem for a period of at leasl ￿1Ve months from when the financ￿1 staiements are authorised for iysue. Our ￿ponSibIlIeS and the reswtsiblilies of the trustees wrth fespecl to gory concern are de￿ribed in the relevant sectw)ns of this reyL Other Informatlon The trustees are responsible for otF* [nf￿Makn. The other infom)ation comprises the infomialion induded in the Trustees, Re￿t. Our opini¢)n on the financ￿ statements does not cover the other information and, except to the extent Other￿ explthy stated in ojr W￿rt. we do r#* express any lom? of assurance conclusion Ihereon. In conrEctw with our auditof the financial $tatements. (￿rreSponsIbl1rtY i8to the olherinlormation and. in doing so. eafi￿der whether the other inf￿mthn is materially inconsislent the financial sL*ements or our knowledge obtained in the audrt or otherwise appears to be malerialty misstated. If we identify such material inconS￿ten￿ or apparent materAI misstatements. are required to delem)ine whether the￿ is a material misslalement in the financbal sL*ements or a material misstatement ofthe other informabon. If, based on the work we have perfmed. we Cnnel￿￿e that there is a material misstalementofthis other inf0m￿tiOn, we a￿ requfftl lo report that fact. We have n¢Xhing to report in thts regard. Pa8e 24 ST BEDE'S SCHOOL TRUST SUSSEX INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Oplnlon8 on other matters prexrfbed by th• Companle• Act 2006 In our opinion. based on the undertaken in the course of the aud Ihe inforrnatK￿ given in the Trus*es' knnual Rewt Iwhth the slr*gi¢ rewrt and the directors, rewrt prepared for Ihe purposes of ￿rr￿nY lawl for the financial year which the financial sl*ments are wepwed is conwstent with the financial Stateff￿nts.' and the strategic re￿1 and the directo￿. report induded W￿l￿1n the TfUStees' Annual Report have ljeen Prepar￿ in xuxdance Wbth *icable legal wunments. Mattern on whkh we are rtqulred to report by exceptlon In the light of Ihe knowwge and understanding of the group arthj thg pargnteharitable company and its environment obtained in the course of the audrt, we have not idenb.fied material misstatements in the Trustees, ReF¢rt ir￿porateS the Strateg￿ re(￿ and the directtys, report). We have nothing to report in resFed of the follM"ng matt*s in rdabon to 7hthich the Cornpwies Act 2006 requires us to ￿F￿rt to you"rf. in our Opin￿n." *quale ￿t￿nting record$ have not been kept by the parent charitatrAe o)mpafty: or the parent ¢haritatrAe eompany financial staternents are not m agreement with the accounttng records and ￿lUmS.. or certain disclosu￿ of Irustees. remunethon spery￿ ty law are not rn￿e. or we ha¥e rKeNed all the informatm aTrJ eXplanati￿S ￿ require for our at*Jil. Rosp¢)nsibllitl48 al trustees lof th• financlal statements As explained more fully in the Irustees, responsibilities stalen*nt sel oul pages 22-23 the lrnslees (who are also the directors ofthe tharitable company for the Purpo￿ olcompany law) are responsible for the prepar8ts.on of the finan￿1 stat•xents aThJ for being satisfied that they give a true and faY view, arKI fwsuch internal control as the trusteesde¢ermir¢ is necessary ioenabSe the preparation offinancial ststements th81 aR free from mateiial misstatement. whether due to fr•Jd or error. In preparing th• financial slaternents. the trustees are reS￿￿$•ble for assessiw the group's and the parent tharitable company's ability to ts)ntsnue as a goll￿ (Thcwn, disdosing, as applicab￿. mattws related to going concern and using the going conwn basis of ¥cwnbng unless the trustees either intend to liquidale the group or the prent thaiitable c*mpany Of tr> ￿se operalK)ns, or have no reali5ti"c altemab.ve bul lo do so. Audllof s r•sponslbllltlos lor the audit of thg flnanelal statements Our objectives are to obtain reasonable assurance ai)out whether the fw*aKial stslements as a t4Vr￿le are f￿e from material missLitemenL whether due to fraLKI or error. a￿1 to t5sue an wditorfs report that includes our opinion. Reasonable a$sura￿e is a hNJh kvel of assurance. t*Jt ts not a guarantee that an aydit corKIucied in accordance %bith ISAS (UK) will aknys delect a matenal misststemenl when it exists Misstslements can arise trom ftaud or effor and are considered matenal rf. individually or in Ihe aggregate. Ihey could reasonably be expected to InfILTren￿ th8 economic deciS￿nS of users taken on the basi$ of theye f￿an(JaI statements. Irregularit￿s, including fraud, ¥e Insta￿ of non-complian￿ *ith laws and regulations. We design procedures in lin¢ wilh our resFonsthliti"es. outlined abo¥*. to detect material misststements in respect of Ir￿Ular1tie5, including fraud. The extent to ow PF￿ed￿￿ are capable of detecting irwularitses, including frwd is detaikd belthv.. Based on our undastsftding of the 9itsJp and the envirc￿￿￿￿ in it operates, we identif￿d that tha principal risks of non)nsibility to anyone other than the charitabk company and the charilable corWn￿s ￿￿lber$, as body. for our audrt *th. l)r this rew)rt or fty the opinions we have f￿rt. Lee Stokes (Senior Statutory Audilor) For and on behaw of Haysmx LLP, StstU￿y Auditor 10 Queen Street Place London EC4R 1AG Oate.. it rkn qos Page 26 ST BEDE'S SCHOOL TRUST SUSSEX CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025 Uftr•slrlctsd Restricted Total Total Funds Funds 2025 2025 £'ooo 2026 £woo 2024 £'ODO INCOME FROM: Ch8ri1ab* Aclivrtits Grants, Donalions and Le9￿$ Investment Income Other Income Non-ancilbary tradiry I￿rne 35.439 76 570 35.439 76 570 36.788 591 15 Tolal Incom• 36.1 EXPENDITURE ON.. Cost of Raising Funds Charitable Activit￿5 Charitable Activi￿ {Restructumg) 1.287 34.737 474 1,287 34,739 474 1.257 35.380 Total Exp•nditure 36.5￿ 36.637 N¢¢ Inwn• (302) 12) 1304) 796 Nel klovemenl In Funds (302) (21 1304) 796 Fund Balanc• at 1•t S•pt•mb•r 2024 34,836 34,844 34.048 Fund Balon¢• at 31" August 2025 34.534 34.540 34 844 Net movement in fvnds for the year arise fmm tr* ¢ontrning oper8t#)n$. The stalemeni of ffiartial xtivitw all gains *KI losses in Ihe year and therefore a statement of total ￿cOgnised gains and los￿ has rn)t been Prepa￿d. The notes on page$ 30 to 50 fom) part oflt*se ac¢wnts. Details of Comparati￿ fqures by fwvj are (thsdo￿ in nL*e 24. Page 27 ST BEDE'S SCHOOL TRUST SUSSEX CONSOLIDATED AND CHARITY BALANCE SHEET AT 31 AUGUST 2025 GfOUP 2025 2024 £'ooo £'ooo Charlty 2025 2024 £'ooo £'ooo Flx•d as••ts Intangible Assets Tangib￿ Assels Inveslments 28 34.516 49 35.231 28 34,494 20 34.544 35.280 34.542 10 11 35,258 20 35.327 C•JNent assets D8blors Assets lor sa Cash at bank and in hand 12 8.539 478 8,619 478 1.84S 22,737 17,139 22,751 17,181 Creditorn: Amounts falling within on• y•ar 13 (17,0361 111.030) (17.(￿) (11,066) N•t current ass•ts Total •ss•ts lu• ¢urMnt liabilbties 40.245 41,389 40,233 41,442 Credhors: Amounts falling due after on• y•aT 14 15.705) 16.545) (5.7051 16,5451 Not •ssets Represented by Restricted Funds Unfoslrlcted Funds General Fund 34 540 34 844 34 528 34,836 34,522 34,889 Total Fund• 34 540 34 844 34 528 34 897 The notes on pages 30 to 50 fomi part ofthese accwnts. Approved by the Board of Govemots and authorised for issue on 29 November 2025. A Mercer Chalr of the Board of Governorn S Avery Ch•lr ￿ th• F1Th•n￿ Commlttee Company Regl$tratkm No: 01386499 PaBe 28 ST 8EDE'S SCHOOL TRUST SUSSEX CONSOLIDATED CASHFLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 202$ 2025 2024 2024 N•t ¢a$h generaled Irom op•ra¢kng actl¥lll8s 787 5.671 Cash flows from Investing •ctlvltl•s Purchase of intangible fryed assets Purchase of tar¥Jible frxe(l assets Prcteeds from sale of fixed assets Net ¢•$h used In Iw•sting •ctlvltles {19) (1,7501 21 (1.752) 20 (1,732) 11,7481 Cash flows from Ilnanclal actlvhl•• Repayment of borrowngs Payment of obligatK)ns under f#TrarKe lease$ Interest paid Net cash ouffiow from fin•n¢lng {4(M)I 14001 (971 331 697 828 N•t (decrease) I InCrna￿ of and cash equlvaknts (1.642) ash and eash •quiv•lents •1 th• sL•rt of th• yew 15.362 12,267 *sh and cash •qthal•nts at th• end of yeav Analysis of cash and cash equiv*lont8 Cutrenl Acwunts Deposit Accounts 2,119 9.232 TaL*l 15 362 Nel D•bt Other At Alovements 3110W2025 £'ooo £'ooo 01109r2024 £.(￿0 Cash Loan.. fallirth3 due <1 ye¥ Loan.. falling due >1 y 15.362 14001 (3.732) {1,642> 400 13.720 14001 (3,332) {400) 41)0 11.230 11342> 9.988 Page 29 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Compony InfomMtSon St Bede's School Trust Sussex chty-) limited by guarantee and incorwated in England and W*s. The regstered Off￿ is Upper thther, East Susse4 BN27 3aH. b) Basis of Pr•paratlon These finanaal staterr￿ts been prepared in x¢ordance wilh FRS 102 Yhe Financial Reporting Stsndard appluble in the UK Republ￿ of Ireland. (FRS 1021 and the requirements of the Companies 20L￿. The Charitable Company L8 a pilbk benefit compary as defmed by FRS 102 and therefore the Charity aso wepared rts f￿ancIal statements in accordance the Statement ol Recomrnended Pr*I￿e applTht4e lo tharities preparirKJ Iheir a(wunts in accordartt with the Finanual RePo￿"n9 Standard appl[cab￿ in the UK and Republic of Ireland (The FRS 102 Charities SORPI. the Companies A£t 2006 and the Charilies Act 2011. The financial slatements are prepared in sterling. whth vs the fun¢t￿nal currency of the comwy. Monetary amounts in these finarKial stslements we rounded to the nearest thousand pounds. These ffinanoal statements are p¥epared on the C￿nC￿ basts. under the histGY￿aI cost convenlton as Thdified by the revaluat￿￿ of investments and in accordan￿ with the COMpan￿S Act 21XE arKI ap￿￿able aca)unting stsndards in the unit￿ Kingdom. The principle accounting wJlKies. which have been appl*d conststenlly throughout the year, are set out No separate SOFA has been presented for the Chaiity alone. as [￿M￿ted by Sectr)n 408 of the C¢Jfflpanies Act 2Crf)6. The Charity has t*en advantage ol the exemptK)n alrnilable lo qualifying entity in FRS 1￿ from the requirement to present a Chanty only Cash Flow Slatement tmth the con501idated finan¢ial statements. The Govemors have assessed wthett*r the use of the going concern ba*5 L¥ appfopTi*e and have considered poW1￿e events or conditrons that miqhl cast significant doubt on the ats'lity of the Charitab￿ company to continue as a going concem. In part￿lar the govemors have conskjered the ChaNtab￿ CoMpan￿S forecasts and proiectws th* mred a 2¥monlh pe￿d lo August 2027 and have taken ￿0￿nt of P￿sSUre$ ￿ fee income and expenditure. After making enquiries tr* govemors have c(KKluded that there is a reasonable expectation tnal the charitable company has *quale ￿$￿[ceS to C¢￿tinue in operat￿n81 existence for the foreseeabFe future. that there are no material UnCerta￿lieS in relat￿n to going cor)cem. The chantabte company therelore conlmues to adopt the gory con¢em basis in preparing its financtal statements. Group Accounts The financial staterrthts consolidate the fnancHI statwnents of u)mpany, and all its subsidiary CoMpan￿s. ch*itable trusts and funds wilh all inter T•￿tIon St Bede's Schc)si c* vakJatiM of assets less their residual values over Iheir useful lives on the folo*ing bases". Soffvrnre 5 years Page 31 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOVNTWG POLICES (c¢)KfiNUED) Tangible fix•d ass•ls All tangiNe fved assets hek1 by the charity are f¢x tharitable wrFoses and are sfthvn in the Balance Sheet ai o)51 ￿sS awjmulated (￿p￿talK)n aThY accumulated wnpalrff￿n¢ losses. Depreuatyon is provided on all I￿1b￿ fixed assets ￿ a slraight-line baws Cakulated io write off the cost over th￿r expethd useful Irrfes as fr￿￿￿S.. Land ts not dèpreciated Freehold 8uiklingS Agricumural equipment Fumilure equipmnt Comp(rter equipmenl MoloT vehicks 50 years S years 5-10 years 2 years S years LarKI is not dep￿l*led because it is conskl8red to haNE an NKlefmite useful lrfe ￿ its value is not consumed through use. k) Fixed asset inveslrnnts Interests in SLJbsidiaries are •)thlly nwsured at cost and subwuentty meaSU￿d at cost ￿5$ any accumulated wnpairmenl losses. The invesbnents are assessed for inpairment al reporting date and any iryairmenl losses or le￿r$al$ of Mnpairment bsses arfr recognised immediately in the SOF Trade and Other Debtor5 are recc*Jnised al the settlement amnldue after any tradè discount offered. Prepayments are valued at the amtyjnt prepaKI net of any trade disctrJnts due. Fee debt0￿ are reviewed regulaty and bad debt is provided for in h.ne with the Trust's poly. Cash Cash at bank hand W￿lmIeS cash and short terrn highty IiquKI irNestments. Cr•dltorn and Pfovlsloni Creditws and provisK)ns a￿ recognised Whe￿ the charty has a wesenl ot4igation re￿IlIng fr(Nn a past event th* will probably resuft in the transfer offvnds lo a third party and the amount due to settJ8 obl￿al￿an can be measured or estrnaled reliably. Creditors and provisions are normally recognised at their seluemenl amount after aljwng for any trade discounls due. Leases are dassified as finance leases *thenever the temts of the lease transfèr substantially all the risks and rewwds ofvWne￿hlp to the lessees. All other kases are dassffj￿d as operats.ng leases. Assets held under finance leases are recc8ntsed as assets at the lower of the assets fair vaue at Ihe dale of irwtKm arKI the present value of the minllnum lease paymen15. The related liability is IrKI￿ in the s&￿ement of financial Fosition as a finance ￿ase obltgation. Lease payments are treated as ¢>)nsists"n9 of capitsl and interest dwnents. The interest is charged lo the income statement so as to a (y)nstant perA)d￿ rate of Interest on the remaining ba1￿ce of the liability. Rentals payable under operating leases. induding ￿Y lease incentive received. a￿ char9ed to ihp SOFA a strahjht-line basis over Ihe tem) of the felevant lease except where another m¢xe systematsc basis is more rewesentali4E of the time pattem in wtiich ￿norn￿ benef fr(y)I the lease asset are consurn￿. Page 32 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POUCIES {CONTINUED) p) Flnaftdal Instruments The Charity has elected io appty the pro¥isMins of Seclion 11 '8a5t Financk81 Instruments. and Sectron 12'0ther F#￿r*i*l InstrLwneni8 Issues. of FRS 102 to all of its fffjancial instruments. Financial assets are recc¥Jni5ed in the ￿1Pan￿$ statem￿t of fina￿1•1 po&tion when the company becomes party to the ￿tr￿tUal WO¥L￿nS ofthe instrument. Financial assets and liabilities are offset. with the net anwnts pr￿ented in the financial ststemenls. when the￿ is a *ally en1￿ceabl￿ right to set off the rwnised amtrjnts and there is an inlenlion to selue on a ￿t or to mlise the asset and seloe the Ikgbilily Simuifaneousty. q) Flnan¢l•l 486ets Financial assets are clasgfied into categories. Tr ¢kssft*ion deperKls tt naluro and purpose of the finartial assets rs detemiined at Ihe ts'me of r•cognithJn. Basic finawal assets. whkh indude trade and other receNat4es cosh and bank batsnces, are inrtwlly measured at transxtion prKe induding Iransaction cosis are subsequently carried al aM0￿"sed cost usirKJ the effth interest method, unless the arrangement cl￿$11"1U1es a financir¥J transac￿, ￿re the transacbon ts measured at the present value of the future recwpts d￿Unted * a market rate of interesL Other financial assets dassified as lar value through wofft or Ios5 are measured al la¥ value. Loans and rn¢•lvabl•s Trade debtors, thns and olher receivables that have fixed or determinable payments Ihal are I quoted in an aclive markÈt are classified as'thns and receivab￿$.. Loans and receivab are measured at arn￿liSed Cost using tr* eff￿tive interest mtsihod, less any imparment. Inieresl is recognised by apptying effecbve iiterest rate, except for short-tem rec£ivabbes when the ￿c￿JnItiOn of interest *i)uld be immalefial. The effectF¥e Inte￿$t method is a method of calculabng the amwtise¢J cosl of a debt inslrument and of alkxating Ihe interest income over the re￿vant per*)d. The effecb.ve interest rate ts the ￿te that exadiy discounts estimated future cash ieceipts through the expected lrfe of the debl instrument lo the ftet ￿r￿ft9 amount on inibal recognition. Imp•irm•nt of financial ass•ts Financial assets, olher than those hekl at far value thrC￿h wofft and loss. are assessed for drators of impairment at each reporting eThl date. Financial assets a￿ imwred whwe th￿ is o*b¥e ev¥lence Iha( as a result of one or more events that occurred after the inth.al recognibon of the finan￿81 asset, the estimated future cash have been affected. The impaimwnt is rwnisod m profil or loss. Derecognlllon ol financlal a$￿th Financ*1 assets are derecognised Mly the e4)ntractual n9hts to Ihe cash f&xs from the asset expire, or when il transfers the fmancial asset arKI subslantialty all the r￿kS WKI rewards of ownership to ￿Other enw. Fln•nclal Ilabllltles Basic financral liabilAJes are Init￿MY measured at transaclion pite. un￿8 the arr￿￿ement constthiles a fffiancMI9 transaction. ￿ere the debt in$trumenl 1$ measured at the present value of the fvture reC￿p¢S discounted at a rna￿et fale of ￿tereSt. Other fmancial liabilitks dassthed as fair value through profft ￿ k6s a￿ measured at fair value. Page 33 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 AccouKnNG POUCIES (CONTINUED Other flnanclal Ilabllltles Other financial liabilrt*s, are lnibal￿ Measur￿ at f• vah*. net of tranSac￿n costs. They are subsequently measured at ankytbsed cost usry Ihe eff￿1￿￿e interest method. with interest expense recognised on an effeclive Y￿1￿ basis. The effectrve interest rnettb)d Is a ffleth(*J of cakulaling the amortised cost of a financral liabilty and ofallcKaling interest expense over the we**anl period. The effective interest rate 1$ the rate that exaclty discount5 estimated future &15h payments through the expe¢ted h'fe of the financial l￿bIlity to the net earyirKJ amunt on initial recc8nltlc￿. Derecognhlon of financlal Ilabllllles Financial liabilib'es are derecognised when. a￿1 when. the wnpany'$ obligatiws are discharged. car￿lled. or Ihey exwe. Employe• ￿TrOlIts The costs of short.tenn wrybyee a￿ relxgnised as a liat¥lity and an exFense. Terrninalion benefrts are recognBed immedkqlety as an expense when the company is demonstrably committed to terminale the empbymenl of ￿ empk)yee or to provKI? terminat¢on benefits. Retirement benefrts The SctKA)I OFXRtes a defined conlrknulion ￿n$1(￿ sthm? for the benefit of all Staff. Fund Accountlng Funds held by the Trusvcharity are eits.. UnrestrlGted funds: Geneial funds are funds whKh can be used in xcordance with charitable objecls al the dis¢rebon of the G0veffl￿$. Designated funds compnse funds wthich been set as•Je al the discrets.on of the Governors lor specik wrposes. The purposes 8Th1 uses of the de4naled lunds are set out in note 19. Restricted fvnds: Tf*se a￿ funds have been given for pat￿18r p￿r￿ and wojecls. Non-Anclllary Tradkng Non-ancillary trading income and expenses rewesents amounts from activiti'es not direclly related lo the charitabl& objects. for eXarnp￿ the Sch￿)1$ Transport Service lettings of school fac11rt￿. Income and expenses frc4n these xl1vit￿S is recognised in the SOFA when the goods are sokl or ser4ices wo4ided. CRMCAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the applKatron of the ChaiitWs aCC￿n￿n9 polrns. the Gtrrfem￿s are required to make judgements, estimates and assump1K￿5 aknut the Ca￿Ing amountof assets and liats"ht*s that are not readity apparent from other sources. The ests"mates and assoeiated a5sumpb.ons are based on historical exper*nce and other lactots that are eons¥Jered to be relevant. Actual fesults may differ frorn these eslimates. The eslimales and urKlerfwrYJ aSSumpt￿S are revtewed on an on-going basis. Revisions lo accounliNJ eslimales are recoJni5ed in the in the estimate 15 revised. if the revisvjn affects only that Per￿1, cf in the perKyJ ofthe revisK)n and fulure periods if the reviwon affects trA)th current and fulure perwjls. Page 34 ST 8EDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 The eslTmates and assumpb'ons wh¢h htre a sgnfftant risk of caugn9 a rnatel￿ adjustment to Ihe carrying arno￿( of assets and liabilit*s are otrtlined below. Crill¢al Judg•ments U•elul •conofflic liv•• The annual depreciat￿ charge for wcywty. ￿an1 and equipment is 5en5rtr¥e to chang8s in the estimaleij useful econom￿ lives an(J resKlual VaILL￿ of the assets. The useful economic lives and residual values are re-assessed annualty. They are amended wh8n necessary to refléct Cilfrent estmates. based ￿ t￿hnOlog￿aL ad¥ancemen( fvIU￿ ifivestments. erI￿OrnI¢ Lrtilisation and Ihe phystsl eondrt*)n of the assets. The company makes an estirnate of the recoverable value of trade and other debtors. Vvhen assessin9 impairment of trade and other debtors. mana9ement considers factors the current uedit fating of the debtof. the aging profile of debtors ar¥J historical experien￿. See note 12 for the nel carrying of the debtors. Page 35 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 INCOME FROM CHARITABLE ACTMnES 2025 £'ooo 2024 Gross Fees Less lotal scholarshps. bursaries ott*r lee remis5#)ns 31.281 31,512 (2.664) 12,580) 28,617 28.932 Other EdUcats"on￿ Income Cthmwtsed." Summer Schcrt)I Income Holiday Club Other Charges to Parents Registrat￿n Fees 4,292 81 2.386 63 6.822 35.439 5.330 2.384 76 Total Income fnxn Charttable Actlv 36,788 NON.ANCILLARY TRADING INCOME 202$ £'ooo 2024 £'ooo Sch¢)ol Shop sal8S Lettings 55 55 40 39 EXPENDITiIRE 2025 £'ooo 2024 £'ooo Unrestrthd fvnds Oirect charitable expendrture includes.. The operaling surplus is stated after chargiryllcreditmgl Amorttsati Depreciation {ProfityLoss ￿ sale ol Fwd Assets Operating Leases {Income) trom kYQP8rty leases 21 1,921 (201 28 1.961 129 AUDITORS, REMUNERATION 2025 £'ooo .23 2024 £'ooo 24 For audlt swvlc•8 Audit of.the Ch￿ty'Sfjnan(4aI stsleffthts - For other 8•fvlce8 24 31 Pa8e 36 ST 8EDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 EMPLOYEES 2026 2024 rooo Staff Costs Wages arKI Salaries Social Security Costs Pension Costs 18,124 1,800 1.390 16,402 1,541 2025 No 2024 No Total Siaff Headcount Teaching Te81thiThJ Support Support Summer SchO￿- Tem[K￿ry 159 13S 189 155 160 131 181 215 638 Inc*Jded in staff costs are redundancy or ternw4ats￿ payThnts totsllry £549k {2024." £25k). Six 12024.. &"x} GOve￿¥￿S We￿ ￿1mbu[sed for train￿9. travel and accommodakn'on expenses am¢￿nting io £2k {2024.. £1.7kl. None of the Governors Ttteived any remunerat1￿ or other b8nefits 12024.. £nil)_ The rnmber of hKJ￿r paij employees. as de￿ed by the Charit*s SORP. was. 2025 No. 2024. No. 18 £ 60,001- £ 70.000 £ 70.001- £ 80.(NJo £ 80.001- £ 90.000 £ 90.001- £1CKg,000 £1110,[￿•1- £110.000 £110.001- £120.(K)o £120.001- £130.LN)O £130.001- £140.WO £190.001- £2fKJ.000 £200.000- £210.C#)o 17 Empk)yers Nath"onal Irhsurance and pension ccrfr1￿rtN)n5 are n¢* induded in the h4her paKI employee salary calculations. The number of hKJher paid slaff in defined ¢ontritMrtkin (DC) wsion scheme5 nil12024.' nineleenl with total employerfs contrthtsons aff￿n￿n9 io £nil 12024.. £146kl Seventy (2024.. sixteen) hwher paid employees were in defiwl benefft ID81 pensi￿ scheme. Total employerfs contribuivJns in the year were £514k {2024.. £278kl. Key management personnel eompnse the Executive Committee. The total numberol key management personnel receNing pay and benefits ts ten {2024." ten) and total pay and bEnefits received were £1,020k12024." £1,008k). Pen￿n contn"butK*ns relaling lo the key rnan￿ement personnel a￿ £127k 12024.. £128k). Thwe are four 12024: four) members of the key rnana9ernent personnel who are provided wilh accommodatTh al no Cl￿rge. lo enabte them to better Ferfom their duties. Pa8e 37 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ANALYSIS OF EXPENDITURE 2025 Staff Oihor Depr•cl•llon Total Costs 2026 Amortlsatlon £'ooo £'ooo rooo rooo Cost of Ralslng Funds Non-ancilL4ry trading FInar￿ Cost 222 297 103 990 297 519 103 1.287 Charitable Actfvitleg Teachirwj Welfare Premises Support Donation Govemance Costs 15.010 1.503 1.330 2.332 5.510 231 20,751 4,103 5.515 4,318 2.598 1.955 1.587 21 14 12.723 14 1.839 34.737 20.175 Charolable Actlvllk• Restructurin9 Expenditur• from oth•r funds: RMtrkt•d 474 474 Toial 21.314 13244 1942 36.5fy) ANALYSIS OF EXPENDifuRE 2024 Staff Olh¢r Deprnclatlon Total 2024 Amortknation £'OOD É'OOQ £'ooo rooo Cost ol Ralslng Funds Non-ancillary tradirvJ Finance Cost 613 221 331 92 926 331 613 $52 92 1.257 Ch*ritabl• Activili•fS Teaching Welfare Premises SuprLIrt Donats"on Govemance Costs Cost of building Min￿roundab 14.626 1.347 1.197 2.166 6,526 2,541 2.661 220 21,372 3,888 5.507 3,759 192 1.649 28 192 35 504 19.336 14,024 1,897 35.257 Expendltur• from oth•r fuDd$: Restrtcled 123 123 1.989 36.637 Governance Costs both ye¥s rlau¢&t fees ottw se￿￿8$ provided by the ALwJrtoTr . for the TrusL Page 38 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2025 INTANG18LE ASSErs Gfoup & Ch•rity £'ooo Cost At 1 September 2024 519 At 31 August 2025 519 Afflorttsatkyn At 1 September 2024 470 21 At 31 August 2025 491 N•t book value At 31 August 2025 28 At 31 August 2024 49 Page 39 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10 TANGIBLE ASSETS Group FT••hold Property Frnehold Land A¥s•ts Agrfcultur•l Und•r Equlpm•n¢ Constructlo £'ooo fODO £woo Cost At I September 2024 A(Idilion$ Disposals Transler to Assets for sale 42,940 ' 681 487 42 1681 437 85 At 31 Aug￿1 2025 363 529 D•pr•¢iation Al 1 September 2￿24 Charge for year Eliminaled on Oi¥w15 Transfer to A$5ets ts sa 12.936 312 At 31 August 2025 374 Net book value At 31 August 2025 155 At 31 August 2024 175 fT •rtd Fumitu Compirter and Equlpm•nl Equlpmenl lotor Vehkles Totsls £'ooo C￿t At 1 Septefflber 2024 Addilions Disposals Transfer lo Assets for s 2.862 14.247 1.011 168 (39) 62.812 1.752 11071 At 31 August X125 63 935 Depre¢lath)n At 1 September 2024 Charge for year Eliminated on Disposals Transfer to Assels for s* 2,615 221 10,961 661 757 113 {39) 27,581 1.921 (39) Al 31 August 2025 11.622 831 Net book valu• Al 31 August 2025 At 31 August 2024 247 254 Page 40 ST 8EDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10 TANGIBLE ASSErs (CONTINUED) charlty Fr••hold Fr••hold Prop•rty Land A•sets Agrl¢ultur•l Und¢r Equlpment Construcllon £'¢)00 ooo Co8t At 1 September 2024 Addilions 0￿pOSalS Transfer to Assets for sale 43.192 487 42 1681 437 85 At 31 August 2025 43,107 363 Depreclation Al 1 Septembèr 2024 Charge for year Eliminated on Disposafs Transfer to Assets for Sale 12,936 312 62 At 31 Augu¥l 2025 374 Net book value At 31 August 2025 155 At 31 August 2024 30,256 175 IT •nd F￿nI￿r• Comput•r and Equipm•n¢ Equlpment rooo £woo Motor Vehieles Tota £'o( Cost At 1 September 2024 Addition5 Dtsposals Tfansfer to Assets for salo 2,862 14,247 134 20 16} 62,187 1,604 (74) 522 At 31 August 2025 148 63.195 D•prn¢lalion Al 1 Se￿Mb￿r 2024 Charge for year Eliminated on Disposals Twsfer to Assets for 2.615 221 10.961 661 105 14 {6> 26.929 1.822 {6) 44 At 31 August 2026 .113 Net book ¥•lue At 31 August 2025 At 31 Awjusl 2024 247 3.286 Page41 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10 TANGIBLE ASs￿s {COMTrIUED) F￿etr￿Id land and buildings at c¥)st or valuatwi irtludes £2.4m at 31st March 1979 revahJed on Ihe basis of re-instslemenl cost less albwance for age after tsking acc4)unt of subsequenl disposals. In accordance wth FRS 102 - this valuation has been treated as an historic cost as al the date of convers1￿. The buildings have been rtsured on a decLared value of £222m. Following a review, no impaim)enl has been Kjenlif￿d. 11 FIXED ASSET INVESTMENTS Charlty Shares In group undertaklng$ £'ooo Cast At 1 September 2024 and 31 Aug¥s¢ 2025 20 Holding8 of m¢>re than 20% Thecompany owns 1LKI% Of￿ èqUtyQftt￿ subsKliaries. which v*re in¢orwated in Éngland d Wales.. Subsldiary Company Holdl Naturn ol th• Busln•ss Dick6r Enterprises Limrted Ordinary Shares PTOVbSts)n of faclrtw at the Schts)I Letchfield Pr￿rt￿ Limited Ordinary Shares PrDVtsK)n of design axl build serv Page 42 ST 8EDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12 OE8TORS Group Ch•rity 2025 £'i>oo 8.014 454 7.S60 2024 £'ooo 1,033 383 650 202S £'ooo 8.014 454 7.560 2024 £'ooo 1.033 383 650 Fees Recoverab Oebl Provis Amounts o*¢d by subs"dk4ry com￿leS Other debtors Prepayments and Accrued Ir￿ffle 93 425 677 194 785 450 677 179 785 8.539 1.777 8.619 1.845 Due to the change in UK VAT fu￿ that made independent school fees subject lo VAT from 1 January 202S. Fees Recoverable are now recognised at the point of the bills being senl OUL The Autumn 2025 fee bills were sent out in Avgusl 2025 and therefore were accounled lor in th8 2024r25 Financial Year. This &tounts for the ￿rge Ine￿aSe in Fees Recoverable as at 31 August 2025 0)mpared to the prior year. As the Autumn fees were for the financial year 2025126 Ihis inwne vrds deferred al 31 Auwst 2025. this 15 showing in CrediloT5: amounts falling due wilh•n one year. 13 CREDITORS: AMOUNTS FALLIIIG DUE IMTHIN ONE YEAR Charity 2025 2024 2025 £'ooo 400 2024 £'ooo 400 Mortgage Loans Deferred Autumn 2025 lees Fees tharged in advan Fees Paid in Advance for Auiurnn Tem Entran¢e Fee Depwts Trade cr&Ji Other taxal￿n and sock4 se 400 4C 776 2.045 776 2,045 3,268 3.268 988 1.218 1.513 1,221 1.500 2.419 825 605 1.267 2,457 825 651 1.267 Other uedilors A¢cfuals As per the note above. the Deferred Aulumn 2025 lees re*te lo the 2025r26 inome on the bilLs sent out in August 2025. As the Autumn trills are included within Ihe Debtt>r balance at the year end and cash received prKw lo the 31 August 2025 has reduced the Debtors balance. thero10￿ there ¥e no Fees Pa¥J in AdYarKe for AUt￿nn Temi fyure in 2025. Page 43 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14 CReDrroRS: Amouiifs FALLING DUE AFTER ONE YEAR Char 2025 £'ooo 2.227 146 2024 rooo 2.324 2026 £'ooo 2,227 146 3.332 £'ooo 2.324 Entrance lee deposts Fees Chaiged in advance Mortgage ban$ 5.705 6,545 5.70S 6.545 Entrance fee depo•lts are due as Within 1 Year Beh¥een 2 and S years After 5 y￿5 2,110 117 2.207 2.110 117 2.207 117 3.091 3.312 bl FeK chary•d kn advance ar• du• as follows: Wthin 1 Y Betsyeen 2 and 5 years 778 2.045 776 2.045 489 922 922 Mortgagg loans r•payable by Instalments arn du• as lollows". Within 1 Year 8etsveen 2 and 5 years After S yea 4(Kl 4LKI 1.601 2.131 4LKI 1.601 ,731 400 1.601 2.131 4.132 3.732 The Trust has hvo rmirtgages in ts at 31 August 2025: Repayments CoMmer￿d Sept 2CK)6.' repayable by 92 quarterly Ytstslments. Interest is calculated at Bardays base rate plus 1.1%. Repayments commenced in July 2010.. repayable by 92 lermly instalff*nts. Interest is calculated the banks short tenn base rak p￿$ 1.9%. The Trmaini1g mortgages ¥e secured by charges against the land and bildwigs at the Senior School sth in Upper DKker. The loa￿ have interest rate in plxe limiting interest charges to 3.1% on part of Ihe ￿an$. 15 PAOVEMENT ON DEFERReD INCOME 2025 £'ooo 5,802 15.6551 2024 £'ooo 3.555 13.701) Lleferred iwyne broughl foNaTd Release in year 9,928 5.802 The Defer￿ income ¢xmed forward relates lo Autumn 2025 fees invoiced in the 2024125 firwicial year but felaling to the 2025r26 finanual year, aNI fees rec*ved in advanced for future financial ye*s. Page 44 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16 NEf CASH GENERATED FROM OPERATING ACTMTES 2025 2024 £'ooo Nel movwwt in funds the yew tt) date 13041 A4'uslments lor". Interest paKI Operab'ng {deftitysurplus Arnortisat￿n of intangible fixed assets Depreciatiw and impairment of langible fixed assets Asset in Construclton wnte back to exFeryJrture IProfitYLoss on disposal of ta￿Jible fwj assets Movements in Working CO￿￿1.. Ilnc¥ea5e) In debtLVS Increase in crndit 297 17) 21 1.￿11 331 1.127 28 1,961 120) 129 (6.762) {4551 787 17 ALLOCATION OF NET ASSETS 2025 Restricted Unvestrlcted D•signatod Funds Funds Funds £'ooo Total £'ooo 28 34.516 22,737 (17.0361 Intangib￿ fixed assets Tangible fixed assets Current assets Current liabilibes Lon9 tem) liabdths 28 34,516 22.731 117.0361 5.705 ALLOCATION OF NET ASSETS 2024 Funds Funds Fund# £'ooo 49 35.231 17.139 {11.030) 6.545 34,844 InlangiNe fixed assets Tangible fixed assets Gurrenl assets Current IBtslities Long Igmi labil￿¢¥ 49 35.231 17.131 (11,030) 34.836 Page 45 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18 FUNDS FUNDS 2025 A11 Income Expendlthrn Trnnslw5 A131 August 2025 £'ooo 2024 £'ooo Gnwp UnTrstrict•d Fund8 General Designated funds". FouTrJation Fund 34.836 36.196 (36,498) 34.534 Total unw•strlctod funds Charlty Unrestrict•d Futxl• General Desi9naled funds.. Foundation Fund 34.889 36.148 136.51 S) 34,522 Totsl unrestricW funds 34.889 34.522 At1 kncome Expendilurn TAnBfe S•p¢emb*r 2024 At31 August 2025 £'oDo f(IOD £'ooo Group & Charlty Restrlcted Funds Building Project Tree Pr Tolal r•StrIct￿ lufftds The Buikling ProFct is a fund to (Kffitribuk to key buikling proj￿ts. The Tree Project is a celebr*K)n of the Queen's Plalinum Jut4ee *ith the aim of planting tree$ on the SenK)r School'$ grcwnds. Page 46 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18 FUNDS {CONT*4UED FUNOS 2024 At1 kKom• Exwdlture TrnnBfe At31 August 2024 £'ooo 2023 £'ooo Group Unrestrlcted Funds General De￿gnated fvrKIs'. Foundation Fur 33.72S 37.433 (36.322} 34.836 Total unrestrictsd fund• 34.836 Charity Unr￿tr￿ted Funds General Designate(I funds: F￿ndalK￿ Fur¥J 33.809 37.402 (36.322) 34.889 192 192 T*)tal unr•slthl•d funds 34.001 37,402 34.889 In¢ome Expnd*ur• Trnnsl•r* S•ptemb•r 2023 August 2024 £'ooo Group & Charity Restrlcted FurMIs Development F¢MdatA Fund Building Prqecl Tree Project 123 {1231 Totsl reslrlcled fvnds 131 123 Page 47 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 PENSION COSTS The Trust ￿thd￿W from the TPS and rn￿ed affethd members of staff to ts Tnjsl's Defined contribut￿ Scheme vAth effect from 1 September 2024. The School operates one Defined C￿tribution Stheff￿. Contribul*)ns on behawol stsff v*ithin Ihese schemes are made to Aegw UK Corwate Ser¥w Limited. Total Contr￿Ul1￿￿ m•Je lo Ihe Aey Scheme during the year tfvwe £2,826k (2024.. £1.431k). The total pensK)n ￿ntribUti￿S whKh We￿ still outstanding as al the yw*nd were £Nil (2024.. £152k). Contributlons to these schemes are dity to the ststement of finanoal xtivit*s as they fall due. CAprrAL COMMrtAIENTS At 31 August 2025 Ihe group had ca&Mtal expenditure c{M*raC￿ for, not provided for ￿ the rmancial Statements of £Nil12024.' £838k). OPERATING COMIArrMENTS At 31 August 2025 the schod had ￿Mmitments forfuture minimum lease payments under non- cancellable oFeraling leases ¥thich fall due as Idbws.. 2025 Land and bulldings £'ooo 11 2025 2024 Land and buildlngs 2024 Other £'ooo £'ooo 36 36 Within 1 year thin 2 to 5 years 11 11 11 22 PAEMBERS. LIA8ILtTY The company is Imnited by guarantee and does nol have a shwe caprtal. The liab￿ty of the member5 in Ihe evènl of ￿r￿ling up is limrt&1 to £1. 23 RELATED PARTY TRANSACTIONS AsKJe frorn transactions with other group entslies thefe were no other retaled pty transactions {2024-. Th)nel. During the year the￿ net cross charges fr￿n tkker Enter￿￿e$ L#niled lo the school of £154k {2024". £145k). At 31 August 2025 Dther Enterprises Limited had a balance due to the schoc4 of £95k12￿24. £93kl. Paee 48 ST BEDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 CONSOLIDATED STATEMENT OF FIPIANLIAL posmoN- COMPARATIVE FIGURES BY FUND TfPE Unvegtricted Restricted Total Funds Funds 2024 £'ooo £'ooo WCOME FROM: Charitable Activil¢$ Investment Inct￿ne Other Inc￿le Non-an¢illary tradmg 36.788 591 15 39 36.788 591 15 39 Total In¢om• EXPENDrrvRE ON: Cost of Raising Funds Clwitable Aciivrttes 1.257 35.257 1,257 35 380 123 Total Expendlture 123 N¢t Income 919 (123> 796 Transfers b•twwTh Funds N•t Movem•nt in Funds 919 (1231 Fund Balances at 1•1 Semwnbtt 2023 33.917 131 34.048 Fund Balanc•$ •t 31•t August 2024 Pa8e49 ST 8EDE'S SCHOOL TRUST SUSSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 SUBSIOIARIES Dkker Enteiprl$K LhrM¢ed The Charity owns all ofthe share caprt* of D￿er Enterpnses Limited. a cxxnpany incorwated wi England and V¥afes {company number. 023803681, Registered office". Uppef Dicker. East Sussex, BN27 3QH. This company wies out trading activty behalf of the charity Inc1￿11n9 the operatwi of letb.ngs of the Chanlies fxilii*s and the Pfovks￿n of a transl￿ seryKe to the The Charity also owns all ofthe shares in Letthffiekl Prowtss Limited. a company incorpoi*ed in England and W*s (company number. 026642311. Registered OffKe.' Upper Dicker. East Sussex. 8N27 3QH. This eompany carTES out dwn. pknning and constructson seThices as part of a Contr￿ wilh St Bede's School Trust Sussex knr the eonstnLl*Jn of new b)ardmg accommc*Jation. Dlcker Eirterprls•s Llmlt•d 2025 Letchfield Propertl•8 Llmitsd 2025 rooo 2024 £'ooo 2024 £'ooo Turnover Expenses 976 931 Profft on ArAlvltlK belov• ¢hary•s 32 2025 2024 £'Doo 2025 £'ooo 2024 £'ooo Fixed Assels 274 224 Net Current Assetsl{Liabrtiiies} 13 211 Fund¥ 211 2025 2024 £Y)00 2025 2024 £'ooo kntsr•st paid to Charity on In¢•rcompany loans Page 50