2024-08-31-accounts

PARK SCHOOL CHARrrY ASSOCIATION REPORT OF THE GOVERN AND L STATEMEpirs FOR THE YEAR ENDED 31 AUGU T 2024 COMPANY NUMBE 56 ED CHARITY NUMBER 285244 ED OFFIC Ditcham Parf(, Petersfield. Hampshlre, GU31 5RN Pa Gov6rn¢rs' Report Rgporl of the Independent Audltors 12-15 Consolldated Statement of Flnancial Actlvltles 18 ConGolidaled Balancè Sh8è1 17 Charlty Balanca Sheèt 18 Consolidated Cash Flow Stal8m8nt 19-20 Charlly Cash Flow Slal8menl Notes lo the Flnancial Slalements 23-32

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION Governor's Report for the Year Ending 31 August 2024 RN RS, REPORT Status and Admlnlstratlon The Board of Governors of The Dilcham Park School Charity Association present their annual directors, report and th8 audited financial stalèm8nls for the year ended 31 August 2024 and confirm they have also been prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financi81 slalemenls comply with the Charities Act 2011, the Companies Act 20￿, the Memorandum and Articles of Association, and A￿oUntIng and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their account$ in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective 1 January 20191. The director8 of the charitable company ara ils Trustees (Governors) for the purpose of charity law. The Memorandum and Articles of Association and this annual report refer lo these indwiduals as the Governors of the School. This roport provides a summary of the charity'$ objects, describ9$ the benefits which its aducalion brings and ox Jain8118 admissions and bursaries policies. In addition, the report explains th8 wider contribution the educational resource8 of the S¢hool make lo public benefit, including the pupils and stsff of maintained stalè schools within our local community. Alms The Obj'ects of the Charity. as sel out in the Mèmorandum and Articles of Association, ar8 to promote and provlde for the advaneemenl of education and in connection Iherewilh lo eonducl, carry on. acquire and develop in the UK any School or Schools for the education of both boys and girls. In accordance with the ¢urrenl prospectU5. Dilcham Part( SGhool urrenlly educates approximately 420 pupils (including Preschool pupils)., It is Co-educational and providos a conllnuous education for children aged from 'rising three, to 16 yeaT$. As a charitable trust, Dilcham Park School seeks lo benefit the public through the pur8Uit of ils slalgd aims. We seek to provide a structured and supportive educational environment that develops our pupils, capabilities and compelonces. Through our academic curriculum, programme ol pastoral care, and wde range of 8POrting and other activities, we promote the academic, moral, and physical deveSopmenl of our pupils, building thèir 8elf-confid8ncè and providing them with the skills and desire lo go out into the world and improve it. Our ethos whereby 'Every child is Known and Valugd, is founded gn outstanding pastoral care, exceilonl leaching and an all-round approach lo education. Our School's aims are lo.. en ve san All children are unique and have a dislincl blend of abilitie8 or intelligences. We aim to find the best in every child through 8n 'all round, approach lo education and by identifying and developing their abilities whether they are academic, sporting or in the creative arts. 2. Prorllole Academic Ex Ilence". We seek lo inspire within our pupils a lifelong love of learning by creating a culture of innovative, dynamic and progressive teaching which ensures that, as our pupilsloarn, they are excited, curious and, like their teachers, passionalo about their interests. an environm nl where ilsare ha and where the can flouri h.. We believe that our relatively small size helps us provide outstanding pastoral care, so each child is known and valued. Our physical environment, situated on a beautiful 16-acre Sile in an Area of Oulslanding Natural Be8uly, positively influences behaviour and encourages an appreeialion of our natur81 environment and encourages a sen8e of well-being. are ils for the lulure.. We aim to provide our pupils with the academic qualifications, knowledge and Skills, including technological and creative skills, to equip them for Further and Higher Education and to lake full advantage of the opportunities provided in our Digital Age. We aim lo develop self-confidenl young people with Christian values, 8 growth mind sel and the desire lo shape the modern world for the better. 5. Connect with th Communil We aim lo develop strong links wlh our parents and the local community. We believe that an education at Dilcham Park School should be accessibl? lo children from the local community. Page 1

THE DrrcHAM PARK SCHOOL CHARITY ASSOCIATION Govemors. Report 31 August 2024- ¢ontlnued Academic Ob'eclive Our objectives are sel to rellecl our educational aims and the ethos of the School. In addition, when selling our objectives and planning our aclivilies, our Governors have carefully considered the Charity Commission's public benefit guidance. Our key objectives for the year included- Adopt and embed a new MIS system Ischool Basel lor Ihe administrative management ol the School Coordinated by Head of Juniors & Seniors implementation ol a new Teaching & Learning team approach so individuals take responsbilily lor developing and leading T&L devdopmenl Establish a commercial entity lor the purpose of creatin9 additional income Streams Establish a charitable foundation lor the purpose ol raising funds lor means tested bursaries and capital rojecls Stream ine five adminislralive processes Further improve standards ol Pupil Welfare and Pastoral Care Improve Professional Develo ment & Staff Wellbeing Dovelop our Environment Po icy with a 'SuslainaiJ8 Ag8nda' Continue lo develop Sport, Clubs & Activities including House Activities Prepare lor Inspection As a relatively small school we are proud ol the high levels ol personalised pasloral care we have in place lor each pupil. We nurture and d8velop our pupils in a sale yet stimulating environment. Through our pastoral support system, we aSm to build each child's sell-confidence and can provide the guidance necessary to support pupils through any Ille challengos they might experience. Alongside the broad curriculum delivered by our team of highly molivaled, talented and Inspiring teachers, the development ol strong relationships and open communication channels between pupils. stall and parents gives us grèat satisfaction as a school. This Is a significant Gonlribuling factor in delivering our oulslanding academ1¢ results and pupi18 are undeniably happy al Ditcham. They feel sale, secure, valued, 8UPPOrtgd as well as challenged. Revlew of Acllvltles and Achlevements Th8 School has experienced a dynamic and rewarding y8ar, strengthening ils posSllv8 reputation acr088 a broad range ol pursuits. The School's commitment lo academic excellence, pastoral care, and a diverse array ol extra-curricular ollerings has continued lo allracl new pupils,18adlng to an incrèase in enrolment desiile the challenges posed by the ongoing cost ol Ilvlng crisis. The School celebrated a very good sel of GCSE results In August 2024., 410/0 of all results were graded 9-7 IA. Al and 970/0 of results were pass grades 9-4 IA'.Cl. Headmaster Graham Spawtorth commented. These are very pleasing results., the prodLJcI ol a lol of hard work from pupils and teachers alike... among many strong individual performances particular congratulations go to Finlay who achieved 9 grado 9$ and Tea who achleved 8 grade 9s placing thom amoNJ some of the highest aehieving sludents in the country." The Autumn Term started well with a record number ol pupils on roll. We Invited all parents up to school lo meet their child's Class Teacher (Juniors) and Form Tutor Iseniorsl in th8 first working week ol the term. We enjoyed a lull lixlure list of footbal and netball matches and some great performances by our puplls in the Bulser Hill cross country run. The 2023124 academlc year has been a remarkable season lor the Creative & Perfomiing Arts at Dilcham Park School. Pupils won 4 x 1 sl in class art prizes in the ISA Regional Arl Exhilj'lion in October. These 4 pieces of art were then entered in the ISA National Art Exhibition in NoVem￿r. We won 2 x 1 sl in class awards which is a great achievement. Thirty-six Year 8 (Form 21 pupils performed a shortened version ol a Midsummer Night's Dream in the Shakespeare for Schools Festival In November. This was a brilliant and joyous performance. In October Year 6 enjoyed a Ihree-day resldential trip lo Weymouth in Dorset and Years 7 & 8 enjoyed a three day residential trip lo Calshol Activity Genlre. In December, the Modern & Forwgn Languages department OTganised a successful French Exchange Trip to Bordeaux. We were grateful lo Reverend Will Hughe3 who led a whole School Harvest Festival Service in September and am Advent Service in November, and on the 14th ol November we welcomed back past staff lo a 'Tea Party,. All former Heads allended this event including our Founder Head, Paddy Holmes, Kathryn Morton and Andrew Rowley. The Autumn Term finished wth our traditional whole school Carol Service at Sl John's. Page 2

THE DrrcHAM PARK SCHOOL CHARrrY ASSOCIATION Govemors, Report 31 August 2024- ¢ontlnued During the Spring Temi. 70 enthusiastic Junior pupils from Years 4. 5, and 6 joined th8 Young Voices mass singing event at London's 02 Stadium. This memorable experience proved formative, generating excitement and pride among the pupils and their families. February brought the Battle ol the Bands, wher8 eight Senior bands showcased their lalenl belore an animated Crowd. The high standard of performances culminated in Year 11's Blue Lotus taking the top spot. March saw a flurry of events, starting with the highly praised school produ¢lion ol Grease. Wrth 85 pupils participating as actors. musicians, and cr9w, the production exceeded expectations. Families and friends filled the auditorium. with one attendee marvelling, 'Is this really a school production?. The allenlion lo detail, from diner-lhemed welcome drinks to a lully crafted car prop. left audiences in awe and garn9red an outpouring of positive feedback. The momentum continued with the Senior Music Contert, a successful showcase for Ditcham's talented mLJsicians, fcAlowed by the school's participation in the Pelersfi8ld Music FestNial, where bolh Junior and Senior pupils pertormed. This truly exemplifies Dilcham Park's dedication lo nurturing creativity and talent, with every evenl reinlordng the school's growng reputation in the arts. The School also enjoyed a full programme ol sport in 2023124. In January, w8 organised a short h￿keY lour lo Loughborough University which Involved having a coaching session wlh the Loughborough University 1 st Xl ladies team coach and a game against Oakham School. We ar8 also delighted lo report Ihal the DPS Tennls Academy has been going from strength lo slrenglh, and there are ambitious plans to grow and develop. During lh8 Summer Term, th8 school hosted a 3-day whol8 school Cr8alive and Pèrforming Arts F8stlval which was dedgned lo provide opporlunilies lor pupils to devolop crealiv8 and performance skills such as song writing, music making, film making. An exhibition and staged pertormances on the final day provided an opporlunlly lor pupils to exhibit their work and perform. We were d81ighled to welcom8 the lead singer and song writer, Mark Knopfler, from the mega band, Dir8 Stralis lo the school during this festival. Hè spent time with pupils und8rtaklng the rock school and song writing course. The Academic Year finished on Frlday 5 July with an excellènt Founder's Day & Prize Givlng. Paul Clayton, actor and writer was our gLJ8St ol honour. He talked enthusiastically about the Importancè ol the performlng and Greallve arts. We were delighted to welcome our Founder, Paddy Holmes to this event. Page 3

THE DrrcHAM PARK SCHOOL CHARfTY ASSOCIATION Governors, Roport 31 August 2024 - contlnued Publlc Benellt The Governors confirm that they have tomplied with Iheir duly Ljnder Section 17 01 the Charities Ad 201110 have due regard to Ihe Charlty Commission guidance when exercising powers or dulles lo which this guidance is relevant. 1. Education.. During the year, the School has eduGaled 426 children. Th8 academic standard achieved was very high see the Review of Activities and Achievements above. All leavers gained entrance to the Senior School or Sixth Form College ol ih8ir choice. Pupils al Dilcham Park School are well prepared lor the future which is a staled aim so they are able lo make significant and worthwhile contributions in later life to the common good, as many of their predecessors have already don8. vin Ex ns During the year, all children al the School were educated through the generogly of Iheir families and other benefactors al no cost lo the public. The School recewes no grant from the exchequer. 3. Bursaries.. This yoar the value of means tested bursari8s lotalled £166,712 and 2.5Q/o of our gross lee5, which provided assistance lo 21 01 our pupils, ol which 2 pupils ￿nefItted from a lull remission of 18es. Duriw the acad8mic year, we continued lo support a lolal of 2 pupils from the Ukralne who hav8 relocated lo the area owng lo the ongoing conflict in their country. These pupils have beèn awarded full remission on all fees which lolalled £25,000. 4. In addition. the School awarded scholarships lo 65 pupils, based on Iheir educational meril and potential, lotalling £95,523 and representing 1.P/o of our gross fe8s. The yogress ol pupils receiving scholarships is rèviewed annually to ensure their progress is In line wilh their abilities. No scholarships were withdrawn in the year as a result ol such revlews. iLauL. WÈ stre Dilcham Park School as a part of a wider community, and we are delighted lo assist the rin community whenever we can. Our School has links wilh local education inslilulions, We regularly provide sludenl placements lor tralnee teachers from the Universllles of Chichester and Winchester and Bohunl Sixth Form College, and we accommodate local students who want lo do work 'shadowing' in an educational environment. Durlng Ihls financial year, we havo worked with a number ol local ￿hOOlS who have used our school sile lo camp as part ol their Duke ol Edinburgh Award expeditions. A local Ho¢key club has had use ol our sports hall for Ihelr winter training sessions. In addition, we held regular webinars lor parents ol our pupils and others in the ¢ommunily throughout the year on dfferenl aspects of school education, such as literacy and reading skills and intern81 safety. 6. &￿10Q￿her '. The school ov6rsees a number ol activities that aim to raise lund5 lor the schools, chosen charilies. Each year, our pupils se16¢1 a number ol Qharilies that they wlsh lo support, and in the year 8nded 31 August 2024, the school raised a total of £4,834 for a total of eleven dlfferenl charities (Final Straw Foundation, Refugee Nètwork, Make a Wish Foundation, Save the Children, Cancer Research UK, Roald Dahl's Marvè15ous Charity, Hisliocyiosis UK, Wessex Childrens Hospice, The Genie's Wish, Dementia Friendly and Over the Walll. Thè annual Harvest Festival SeNices general8d a signiffcant donation ol food lor the Pelersfi8ld Food Bank and distributed lo families in the P91er51ield area over the leslive season. ch and mm ni The School's Sgnior Le8dershlp Team seek lo promote and support the School's programme ol Outreach. whenever possible by developing strong links with local Infant, Primary and Prep Schools In particular. In July 2024 we invited local primary and prep schools to visit our Creative & Pgrlorming Arts Festival. Page 4

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION Govofnors. Report 31 August 2024 - ¢ontlnued Future Plans The prime objective of th8 Govgrnors is lo provide, for each individual PLJpiI, a high standard of all-round educalion, including excellent examination results, strong pastoral care and a broad extra-curricular experience. The Governors intend to conlinue with Ih8ir current strategies to mak8 surpluses and genèrate cash inflows in lulure periods that will ensure the continuing viability of the charity and enable the School to fund lulure improvements. Commerciatly. and in response lo the increasing financial pressures from rising lees and operational costs, the school is actively working lo diversify its income streams in order to reduce the financial burden on our families. To Ihis end, we have established a subsidiary trading company, Dilcham Park Enterprises Limited, which will help generate additional revenue through various inilialives. These include the development ol salellil8 nurseries, the introduction of an 'in-house' uniform shop, and the expansion ol our successlLJI tennis academy. By creating these supplementary income sources, we aim lo ensure the school's continued financial sustainability while ke8ping188 increases to a minimum for our parents. The School's 10-year bullding and lacilllies development plan Includes a number of projects that will, once complete, benefit the majority ol pupils and slafl with improvements locussed on Ihr8e primary areas in the School,. Physical Education lacililies, School DininglAssembly areas and the Creative Arts, the laller lo include a purpose-built performance auditorium. Environmental issues are a priorlty for the School community and we always consider the energy efficiency and longer-lemi environmental impact ol 8ach new facility as plans are drawn up lor their devdopment. Our pupils and stall are investod in prolecling the planet's future and in summer 012024 the work ol our Eco Commillee18d to Dilcham Park School being awarded a Green Flag wlh Distinction. Governors ar9 mindful of th8 need lo incorporate sustalnability into th8 School's d8velopm8nt plans whènèver approprla16 and pracllcable. In 2018119 the School undertook a whole sit8 utilisalion revièw to help inform and develop a 10-y8ar maslerplan ol facility improvements and building devèlopments. Durlng 2019120 as a result ol this review, the School Leadership Team and School Governors refined the agreed programme IocLJsin on three dislincl arèas of the School, expected lo appèal lo a wide cross section of thè School community including pupi s, stall and par8nls. Followlng the conslrucllon ol the extension lo the Marlin Pryce Sports Hall, whlch was completed in January 2022, the School is now locussed on improving ils provision lor the creative arts. During 2020-21, the School had worked in conjunction with a local architectural practice and a range ol specialist consullanls lo linalise the design of the School's flagship Centre lor the Creative Arts complex, a projoct that will bring logelher the art, drama and music deparlmenls. Th8 planning application was made in the Autumn of 2021 to construct a ngw Centre lor the Cr8alive Arts buildino and permission was granted in October 2022. It Is hoped that work on Ihls project wll comm8nGe before the plannlng permisslon ends in October 2025. Flnanclal Re$ults The linanclal slatemenls show a net surplus for Ihe year on our School's actlviiles of £559,734. The prlndpal source of income is fees, accounting lor 99.4Q/o ol the School's income. The nel cash increase was £1,836,834. The School dDes not receive any additional income from endowments. Our Governor5 are continuing their strategy of deploying all nel incoming resources to investing in the educaliDnal purposes and labrfc ol Ihe School, and as an edLJcalional Charity, the parents ol our pupils have the assurance that all the income of the School must be applied lor educallonal purposes. Page 5

THE DrrcHAM PARK SCHOOL CHARrrY ASSOCIATION Govomors. Report 31 August 2024- contlnued Reserves and Investment Powers The School's main financial instruments comprise bank balances and debtor and creditor balances. The main purpose ol these instruments is to finance the School's operations. The nature of the financial instruments used by the School 15 such that their markel value does not Ilucluale as a result ol changes in mark91 prices. Debtors are managed in respect ol credit and cash flow risk by the r8gular monitoring of outstanding amounts. Creditors liquidity risk is Tnanaged by ensuring sullicienl funds are available lo meet amounts due. Reserves will be accumulated when possible for the development of th8 School, whilst retaSning a minimum cash holding in general funds ol sufficient size lo ensure the uninterrupted running ol the School and meet the objectives ol ihe charity as sel out in the Memorandum and Articles ol Association. Currently ihe School retains th8 sum of £500,000 in general funds to cover its immediate operational expenses., this amount is regularfy assessed against forecast income and exp8nses lor ils suitability. In the event of insuffiuent money being readily available lo cover current expenditure, the School wll ulilise funds from the CBILS loan held from 21 Sèptember 2020; as al 31 Augusl 2024, the School had one loan Gommitment in favour of Natwesl bank, related to the CBILS loan. Generally, the School aims lo manage its lunds prudently to pemil lurther development. The School intends to continuo building reserves lo provide funds for ils 10-year development plan, as outlined in 'Fulure Plans" on page 5. Tho cash flows required lo generate lh8 funds needed lo finance these Inveslmen15, whilst simullaneously maintaining tho day-lo-day operation ol the School, ar8 assessed by the School and the Governing Body. Investments are governed by Ihe Memorandum of Association whlch permit5 the funds 10 be invested In or upon su¢h inveslmenls, securities or property as may be thought lil by the Governors. Al 31 August 2024, invèslmenls were held in interesl bearing bank accounts with Nalwesl, Lloyds, and CAF banks. There is no exposure lo stock market or olher risks. Our Ethos Strategles and Poll¢les The broad strategy ol the School is lo provide an excellonl all-round 8ducation lor ils pupils and to provlde our pupils with Ihe skills. qualilicalions and the sell-confidence to pursue a successlul and m8aningful life. This Is achieved by idenlilying and developing the abilities that 8ach child possesses using a holistic approach lo education. In addition, the charily endeavours lo Maint￿rn a co-operallve relationship with local Schools and the wider local community as lar as 11 is able within Ils linancial means and rural location high on the South Downs. Our School welcom8s pupils from all backgrounds. To admll a prosp8cliv8 pupil we need to be salislièd that our School will be able lo educate and develop a prospective pupil to iho best of hislher pol8nilal and in Ilne with thè gen8ral standards achleved by his or her peers. Entran¢8 interviews and assessments are undertaken lo sallsfy the School and par8nls that potential pu￿18 can cope tho pace of learning and benefit from the education we provide. An indlvidual's ggnder. elhnicily, race, religion or disability do not form part ol our assessment processes. Economic status Is only taken Into consideration when a parent applies lor a means-lesled bursary. We are an equal opportunity organisalion and are commilled lo a working environment that is free from any form ol di5criminalion on the grounds of colour, race, ethnicity, religion, sex, sexual orientats'on, or disability. We will make reasonable adjuslmenls, wihin the constralnts ol the existing School buildlngs, lo maintain accessibility lo all areas ol the School lor any staff or pupils who are or become disabled. As new building (Jevelopmenls are planned. accessibility for disabled pupils, slafl and visitors is a key consideration. Our School is committed 10 safeguarding and promoting the welfare ol our puplls and expecls all staff and volunteers lo share this commitment. Parents are provlded wlh regular informalion about their children's social and academic progress through parenl evenings, end of term and end ol year reports. We mainlain regular contacl with parents throughout the year through informal contacts. electronic weekly newsletters and termly printed colour new51ellers. Pupils are supported by Form Tutors, House Captains, Heads ol Year IPaslorall and a system ol staff and pupil mentors, which includes Mental Health Support. Acce It is important lo us that access lo the education we off er is not reslricled lo those who can alford our fees. Our pupils, we believe, benefit from learning within a diverse community. Social interaction, conversation and shared experiences help our pupils develop an understanding of the perspectives ol other people thal will be vrtal in their adult lives. Page 6

THE D￿CHAm PARK SCHOOL CHARITY ASSOCIATION Governors, Report 31 August 2024- contlnued Bursari s Polic Our Governors view our bursary policy as an important laclor in our efforts lo wden access lo the educallon we offer and the lacililies we enjoy. We believe our bursary awards provide children from families who would otherwise not be able lo afford the fees ￿th Ihe opportunity 10 increase their attainment and signilicanily improve their life chances. Our bursary awards are open to all who meet our general entry requirements and are made sol8ly on the basis ol parenld means, or lo relieve hardship where a pupil's edLJcation and lulure prospects would otherwise be al risk. In assessing means, we work with a Ihird paty, Bursary Administration Ltd, and lake several factors into consideration, including family income, investments and savings and family circumstances such as dependanl relative5 and the number ol sitJings. However, our School has no endowments and in funding our awards we are mlndful lo ensure a balance between fe8- paying parents, many ol whom make considerable personal sacrifices lo fund their child's education, and those beneliling from ihe awards. Th8 bursary awards granted range from 10°/. 10 100Q/o remission ol lees, in som8 cases including transportallon 10 our sile. We acfv6rtise the availability of these awards on our website and in our prospectus. Fin nnin Pdi Ao%Jance planning lor School lees is important for many parents who are hoping to send théir children to Ditcham Park. A School Fees Plan is available via a Ihird-party provider to help those who wish to fund educational costs through regular contributions. mil The School places importance on family continulty amongst our pupil population and we therefore off er dis¢ounls lo our many parents who have more than one child al the School. As parl of our emphasls on attractlng and relainlng high calibr8 stall, we offer a dlseounl scheme lor stafl members who choose to educate Ihoir children at our School. The purpose of our scholarship awards is Its recognlse high academi¢ potentlal, or th6 ability lo excel In Muslc, Sport, Art or Drama. Scholarshlps are award8d with a fixed remission of lees between 5°/0 and 30°/o, available lor both Juniors and Senlors. We adverlise the availability of scholarship awards on our website, in our prospectus and In a printed brochure availalje at our Open Morninos or by requgsl. Furthei dolails are available directly from the School. The progr88s ol pupils recgiving scholarships Is reviewed al lea￿ annually to ensure their progress Is in Ilne wlth their abllities. rnin Poll It is central lo the eth05 of Dilcham Park School that all pupils are equally valued and share a rlght lo a broad balancèd Curriculum which promotes personal development preparing them lor incroasing indèpendence and responsibility. All pupils are offered relevant help and assistance in their learning wherever and whenever a need is Identified. In some circumstances, with the agreement ol parenls, teachers and Learning Support stall, a pupil may receive one to one support from a specialist lileracylnumeracy teacher. Ditcham Park can provide onsite specialist support during the school day, delivered by the Head of Learning Support and her team lo lil around a pupil's tr'metalAe and activity commitments where possible. This support requires a lee pald for by parents. Structure, Govornance and Management The Governors, who are also the charity trustees, adminlster Ihe Charity and are responsible lor Ihe overall management and control ol The Dilcham Park School Charity Assoclalion. The Council ol Governors mee15 not less than four limes each year and at such other tirnes as the Chairman shall appoint. The work ol implementing most of their poliaes is carried out by the three committees covering Finance and Personnel, Building5 and Education, and there are a150 a further three sub commrtlees attended by al least one governor and these cover Health and Safety, Safeguarding and Matl(eting. Each meet at least three limes each year and work under the chaiTmanshlp ol a Governor appointed al the AGM each year. The Council tnakes strategic decision5 and ensures that the structure and management arrangements lor governance ol the School are well defined to provlde eff ective oversight and guidance. The BursarlCOO is responsble for co-ordinating the work of the Governors and Ihelr Committees, preparation of papers and management accounts and Ihe review of matters arising. All trustees give of their time freely and no remuneration was paid in the year. No Governor Dr person connected with a Governor rec￿Ved any benefit from a means lesled bursary or scholarship awarded to our pupils. The Governors appoint the Headmaster and the BursarlCOO & Clerk to the Governors to manage the day-lo-day operations of the charity. Page 7

THE DrrcHAM PARK SCHOOL CHARrrY ASSOCIATION Governors, Report 31 August 2024- contlnued overnin cum nt The Dilcham Park School ch￿ilY Association is a Company Limited by Guarantee and is governed by ils Memorandum and Articles ol Association dated 2 July 1982 as amended by special resolution on 27 May 2002. It is regislered as a charity with the Charity Commission in England. ani lion Iman em Our Governors determine the general policy of our School. The day lo day running of the School is delegated lo the Headmaster, support8d by Senior Stall. The Headmaster undertakes the k8y leadership role overseeing educational, pastoral, and adminisiralive tunctions in consultation wth th8 SLT (Senior Leadership Team). The day-to-day administration ol boih soclions ol our School is undèrtaken wilhin the Policies and procedures approved by our Governors which provide for only significant exp8ndilure decisions and major capital projects lo b8 referred lo our Governors for prior approval. Th8 Headmaster oversees the recruilmenl ol all educational staff and leaching support slafl, whilst under del8galed authority, the BursarlCOO oversees the recruitment of administration, estate and catering staff. The Headmaster, Head ol Seniors and Head ol Juniors attend our Council of Governors, m88lings, accompanied by the BursarlCOO who also acts as C18rk to th8 Governors. rRel The School is a member of the Independent Schools CoLJncil, Ind8Pond8nl Schools Association. the Independ8ni Schor)Is Bursar5 Association and AGBIS. These memberships provide an opportunity to share exp8rtise. know18dge and 8xperience across the independent school sector and provides appropriat8 representation to Government and regulators ol the views ol the s8clor when required. The Governors examine the major risks that the School laces each Ilnancial year when preparing and updallng the strategic plan. Th8 Charity has doveloped systems to monitor and control these risks to miligato any impact ihal they may have on the School in the future. Governors have prescribed a risk assessment methodology, and the Sonior Lead8rship Team undertakes an annual review. The Senior Leadership Team reported their findinos lo the Governors during the year- Governors reviewed the findings and were satisfied that procedures were in place to effectively manage all known rlsks. rn men The Governing body requires breadth and d8pth ol exp8rience lo carry oul ils duties elleclively and 8fliciently. Whère posslble the Governors consider Ihal the skills and experlènce ol the Board should oomprise the lollowlng.. A Governor with a legal background A Governor with a linanciallaccounling background A Governor with professional experlence of thè building industry, Ideally a Quantlty Surveyor A Governor with education experience A Governor lthrilh Senior managerial or business experience A Governor wllh experience of equal opportunities or disability needs At least one lemale Governor and al least one male Governor Anyone with the approval ol a majority ol the Council of Governors can become a member of Ihe charity. Each member agrees lo contribute £1 in the event ol the charity boing wound up. The Council has al least two and not more than filleen elected members. each ol whom shall be called a Governor. The Councll elects a Chair and Vice Chair. One third of the remaining elected members ol the Council, or the nearest number thereto, retire in rolalion according lo length ot servlce on the Council. They can be re-elected, The Governors retiring by rolalion and being eligible for re-elecllon al the next Annual General Meeting (June 20241 are Mr Hall, Mrs Pye and Mr Hughes. rnor I nd Trainin New Goveinors receive an internal inducllon information pack familiarising them wlh the School and ils operation, including the Memorandum and Articles ol A550cialion, the committee and decision-making processes, the governance and financial management procedures of the School. the development plan and recent financial performance. New Governors also Teceive external induction training to brief them on their legal obligations under charity and company law. All Governors are encouraged lo attend appropriate external training events where these will lacililale the undertaking ol their role. In February 2020 the School engaged AGBIS lo provide bespoke training lor all Governor5 in post at Ihal limo. on the School premises. Governors have continued with a programme ol training updales via online webinars since this time. Governors receive relmbursemenl lor training expenses and associated Iravel cosls. Page 8

THE DITCHAM PARK SCHOOL CHARrrY ASSOCIATION Governors. Report 31 August 2024 - ¢ontlnued Governors, Res on The Governors (who are also the Directors of The Ditcham Park School Charity Association lor the purposes ol company lawl are responsible lor preparing the Governors, Report and the financial slalements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Pracli¢e}. Company and Charity law requires the Governors lo prepare finandal statements for each financial year which give a true and f&r view of the stale ol affairs of the chariiatAe company arKI of ils incoming resources and application of resources, including the income and expenditure, of the charitable company for Ihal period. In preparing those financial slatemenls. the Governors are required lo.. select suitable actounting policies and apply them consislenily-, observe the methods and principles in the Charity SORP., make judgements and 8slimat8s that ar8 reasonable and prudent- state whether applicable UK accounting ￿alldardS have been followed, subject to any material departures disclosed and expiain8d in th8 financial slalemenls., prepare the financial slalemenis on the going concern basis unless il Is inappropriate lo presume thal thè charitable company will continue in OPOfalion. Th8 Gov8rnors are responsible lor keeping proper accountlng records whl¢h disclose wilh reasonable accuracy at any lime the financial position ol the charitable company and lo enable them lo ensure that the linancAal statements comply with lh8 SORP and the Companies Act 2006. They are also responsible for safeguarding the assets ol the charitable company and hence lor taking reasonable steps lor the prevanllon and detection ol fraud and other irregularilies. Th8 Governors are responsi1￿e for th6 mainlènan¢e and Integrity of the corporation and financial infomiallon included on the charitable company s website. r8 rm ion In so lar as the Governors are awar8 al the lime ol approving our Governors, annual report.. there 15 no relevant audit information, being information needed by the auditor in connection with preparing their report, of which the charilaile company's Auditors are unaware; and the Governors, having mad8 enquirie5 011911ow Governors and the auditor that they ought 10 have individually taken, have each taken steps that he15hg is obllged lo take as a Governor in order lo make themselv8s aware ol any relevanl audit information and lo 8slablish that tho Auditors are aware ol that information. Page 9

THE DrrcHAM PARK SCHOOL CHARITY ASSOCIATION Govemor8' Report 31 August 2024- ¢ontlnueu' Govemors and Charity Trustees The Governors who served during the financial year and since that year end were: Mr R Overend Mr C J Pickell Mr J Hall Mr G Seddon Mrs C Baynes Mrs N Denlten Mr G Hughes Mrs R Parrett DrLPye Mr A Robinson Mr P Symonds Mrs L Campbell Ichair of Gov&rnorsl (Chair of the Education Commilleel (Crealive Arts and Music Link) Ivice Chair ol Governors) (Designated Governor lor Health & Safety) Ichair of the Building Commilleel (Chair of the Finance & Personnel Commilleel (Member ol the Finance & Personnel Committee) Imember of the Finance & Personnel Commilleel IMemb8r ol the Building Commilleel - Retired 9 Aprll 2024 (Member of the Education Commilteel (Deputy Designated Governor lor Child Protection) Imember of the Building Commilleel (Member ol Ihe Education Committee) Imember ol the Finance & Personnel Commltteel (Designated Governor for Data Prolectionl IM8mbgr ol Education Sub-committee) Resigned 31 December 2023 Patrons.. Mrs P M Holm8s Commander M E Buchanan, AN Irellredl Sir Sherard Cowper-coles KCMG, LVO Mr J P Daley Mrs K S Morton Mr B H Strugnell Mrs A Moody Mr A Dal8 The H8admasler'. Mr G D Spawforth The Bursar and Cler1( to the Governors.. Mr G Jones Address and Registered off Ice: Diteham Park Pelerslield Hampshlre GU31 5RN Regi5terod Charlly Number 285244 Registered Company Number 01648056 Page 10

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION Govemo￿, Rèport 31 August 2024 - ¢ontinued Prinapal bankers.. Natwest Bank PIC 4 High StTeel Pelersfield Hampshire GU32 3JF Senior Statutory Auditor.. Mr Oliver Read FCCA ACA Auditors.. James Todd and Co ￿Mited Slalulory Auditor 24 Landport Terra¢e Portsmouth Hampshire James Todd and Co Limilod will be deemed to continue in office undèr $487121 of the Companies Act 2006. The Governors, Report which include8 Ihg Strategic Report was approved by the Council Iln their capacity a8 governors and company direclorsl on Signed by order of the Counal, MrROv CHAIRMAN 202+ Page11

REPORT OF THE INDEPENDEwf AUDITORSTOTHE MEMBERS OF THE DITCHAM PARK SCHOOL CHARrrY ASSOCIATION Oplnion We have auditod the linancial statements of The Dltcham Path School Charity Association (the charitable company and its 5ubsidlaryl for the year ending 31 August 2024 which comprfse the Consolidated Statement of Financial Activities, th& Consolldal8d and charitable company's Balance Sheets, the Consolidated and Charilable Company's Cash Flow Statements and notes lo th8 fir)anGial slatemenls, including a summary ot signiflcant accounting policles. The financial reporting tramework that has been applled in Ihgir preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Flnancial Reporting Standard applicable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting PraGticol. In our opinlon, th8 finan¢ial slalemenls.. give a true and fair view of the slat8 ol the char118ble group and the charitable company's affairs as al 31 August 2024 and ol the group's inGoming resources and application of resources lor the year onded; have been propèrly prepared In aGGordance ￿th United Kingdom Generally Acceptèd Accountlng Pracllce, ave b8en prepared In aGcordance wilh the requlremenls of the Companles Ad 2006. Basls for oplnlon We conducted our audit In accordanc8 Internallon81 Standards on Audillng IUKI IISAS IUKI) and appllcable law. Our respon51bilities under those Standards are further described In the Auditors responsibilitl&s lor the audit ol the flnancial slalements sectlon ol our report. We are indep8ndent ol Ihg charity in accordance with the ethical requiremanls ihal are levanl to out audlt ol the linanclal slalemen18 In th8 UK, Including the FFIC'S Ethical Standard, and ws have lullilled our oth8r ethical responslbilitie8 in acoDrdanco with these requlrements. We belleve that the audll evldenGe we have oblaSned Is sulllcient and approprlale to provSde a basls lor our opinlon. Conclu8lons relatlng to golng concern In auditing tha Ilnancial stalem8nts , we have concluded Ihal th8 governors, use of Ihe golng concern basls of accountSng in the preparation of the linanclal statements Is approprlatè. Based on ihe work we have p8rformed, we have not Idenillied any material unCertaIn￿o8 relallng to 8vents or condlllons Ihal, indlvldually or collecllvely may cast signllicanl doubt about the group's or eharilable company'8 abillty to conllnue as a going conc8rn lor a porlod ol at least12 months from ￿en th8 flnanGlal slalemen18 are auihorlsed tor issue. Our r8spon5ibilitles and ih8 responsibllit19$ of the governors wlth respect to going conc8rn aye d8scrlbed In th8 relevant section8 01 Ihls report. Othei Infomiation The other Inlormallon comprfses Ihe inlomiallon Included In the annual report, Includlng the governors, report, other than the flnancial statemgnls and our audttor's report Ihereon. The governors are responsible for the other Inlormallon, contalned within the annual report. Our oplnion on the financial statements does not cover the other Information and, except lo the extent otherwise expliatly slated in our report, we do not express any form of assurance concluslon thergon. Oui responsiblllly Is lo read the other inloTmatlDn and, In doing so, consider whèther the other illformatlon is malerlally Inconsistent with the Ilnancial statements or our knowledge oblalned in the audit or otherwise appears lo be materially m15slated. If we Identify such material Inconsi5tencles or apparent material misstatements, we are requlred to determine whether this glves rise lo a material m1sstalement In the financial slatemenls Ihernselves. 11, based on the work we have perlDrmpd, we conclLJde Ihal thore is a malerial misslatemenl ot this other informalion, we are requirecj to raport thai lacl. We have nolhSng to report in thls regard. Oplnions on other matters proscrlbed by the Companles Act 2006 In our opinion, based on Ihe work undertaken in the course of the audi1= the Information given in the governors, report lincorporaling the strategic report and the direclors. report) lor the financaal year for which the financial slalements are prepared 15 COn51stent with the Ilnancial statemènts; and the governors, report (incorporating Ihe strategic report and the direclors, report) have been prepared in accordance with applicable legal requirements. Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE PAEMBERS OF THE DrrcHAM PARK SCHOOL CHARITY ASSOCIATION- CONTINUED Matler8 on which we are requlred to report by exception In the light ol the knowledge and understanding of the group and Gharitable company and Its environment obtained In the course of the audit, we have not identilled material misslatemenls in the Governors, Annual Roport lincludlng the slrat8gi¢ report). We havo nothing to rewrt in reswct of the lollowng matters in relation to which the C¢Jmpanies Act 2006 requires us 10 report lo you if. Sn our opinion- adequale accountinu records have not been k8Pt or returns adequate lor our audli hav& not been received from branches not visSled by us; or the financial slalements are not in agregmenl with the aeLounting records and returns. or certaln disdosures of governor8, remuneration specified bylaw are not made- or we have nol obtaln8d all the Informallon and 8xplanations necessary for the purposes of the audll. Responslbllltlos ot governors As explalned more fully In the Governors, Responsibllltles Statement sel out on pago 9 the governors (who are also the dlrectors ol the charitable company for the purposes ol company lawl are responsible for the preparation ol the financlal statements and lor being satisfied thal they glve a true arKI fair vSow, and for such inlernaS control as they determine is necessary lo enable the preparation of linan¢ial statements that are trea lor mal8rlal misstatement, whether due lo fraud or error. In preparlng the Ilnanclal sialem8nts, thè governors are responslblè lor assessing the charitable company's ab111ty to contlnue as a going ¢on¢ern, dlscloslng, matters related lo going concern alld using the going concern basls ol accounllng unless tho governors eiiher1ntend to Ilquidale th8 charitable company or to cease operation8, or lo have no realistlc aliernalive but lo do so. Audltor'8 regpon81bllltl88 tor the audlt ol the flnanclo18tatomènt8 Our objectives ar8 to oblaln reaGonable a8suranc8 about whether the Ilnanclal slalemenls as a whole arè free from material mlsstalemont. whether due to fraud or error, and 10 Issue an audltor's report that Includes our opinlon. ReasDnable assurance Is a high lev81 of assurance, bul Is not a guarante8 Ihal an audlt conducted In accordancè wlih ISAS IUKI will always detect a material mlsstalgm8nt when It exists, Misstatèments can arlse from fraud or orror and ara consldered malerlal If, individually or In aggreoale, they Could reasonably be expe¢t8d lo influence the economic decislons ol users lakon on the basis of these flnanclal slatemenl8. ITregularltles, including traud, are instanees of non-compliance with law5 and regulations. We design proceduTes In line with our responsibilities, oudined abovo, lo detect materlal rnisslatemen15 In respect of irregularllies, including fraud. The extent lo which our procedures are capable ol detecting irregularities, Includlng fraud is detailed below: The extent to whlch the audlt was consldered capable of delecting Irregularitle8 includlng fraud Oui approach lo Identifying and assessing the risks ol malerlal mlsstalement in respect of Irregularities, including Iraud and on-COTnpliance wllh laws and regulations, was as follow5: the ellgagBment partller ensured that the 8ngagement team collectively had the appropriate competence, capabilities and skills lo identify or recognise non-compliance wilh applicable laws and regulatlons., we idenllfied the laws and regulations applicable to the charllable company through dlscu85ions wlth governors and other management, and form our commercial knowledge and experience of Ihe School sector; we focused on specific laws aThJ regulations whlcfv we Gonsidered may trave a dlrect material eflecl on the linanclal 5talemenls of the operations of the charitable compally, including Companies Act 2006, Charities Act 2016, data protedion, employment, environmenta5 and health and safety legislation., we assessed the extent of compliance with the law5 and regulations identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated withln Ihe aLwJil team regularly and the team malntained alerts lo instances of non-compliance throughout the audlt. Page 13

REPORT OF THE INDEPENDENf AUDrroRSTOTHE MEMBERS OF THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION - COPMNUED We assessed the susceptibility of the groJp and tharilablè company's financial stalemerrts to materlal misstatement, including obtalning an understanding of how fraud might occur, by: making enquiries of management as to where they considered ther8 was susceptibllily to fraud, their kno￿edge 01 aclual. suspected and all8ged fraud- consldering ihè Internal controls in place to mitigate risks of fraud and non-compllance wth laws and regulations. To address the risk of fraud through management bias and overrfde of conlrols, we- performed analytical procedures to identify any unusual or unexp￿ted relationships., tested journal gnlrles to idenlily unusual Iransactions; assessed whether judgements and assumptlons made in delermlnlng the accounting esllmates sel oul in note 2. were Indicallve of potentlal bias- InvèGtigated the ratlonale behind slonificanl or unusual transacliorns. In respon88 to Ihe rfsk ol Irregulariilgs and non-complian¢e wlth laws and regulallons, we designed procedures which included, but were noi Ilmlled to.. agreelng financlal statemènt dlstslosur8s lo und8rlylr)g supportlng documenlatlon., readlng the mlnutes ol meetings ol thosg charged with governance., ènquirlng ol managem&nt as lo actual and potential Illigallon8 and claim8', r8vlewing correspondence wlth HMAC, relevanl r8gulators and thè charitable company's legal advisors. There are Inhèr8nl limltalions In Our audlt procedurès descrlbgd abovg. The more removed that laws and regulations are from flnanclal tran8acllon8, Ihe19s5 Ilkely It 58 that we would become aware of non-¢ompllanc8. Audillng standards also Ilmlt the audlt prooedure8 required lo Sdentlly non-compliance with laws and re9ulalions to enquiry ol the governors and other management and the Snspecllon ol regularlty and legal correspond8nce, If any, Material misstat8ments that arfse due lo fraud can be harder to detect than thls that arlse from érror as they may involvè dellb8rate concealment or collusion. Descrlption of the auditorfs re9ponslblllties lor tho audlt of tho flnanclal statemonts The auditor's objectlves are lo obtain reasonable assurance uboul whether ihe flnanc4al statements as a whole are tree from malerial misstatement, whsther due lo fraud or error. and to Issuo an auditor's report Ihal includes the audilor's opinion. F¢pasollable assurance Is a hlgh level assurance but is not a guarantee that an audit conducted in accordance with Internallonal Standards ol AuditinglUKI IISAS IUK}I will always detoct a material misstatement whgn It exisls. Misslatemenls can arise from traud or error and are considered material if, Indlvidually or in the aggregat@, they could reasonably be expected to influence the economiG decisions ol users lake n the ba51s ol these financial statements. As part ol an audit in accordance wlth ISAS IUKI, we exercise prolessional ludgemenl and mainla¢n professional scepllcism Ihroughout the audit. We also: Identify and assess tho risks of malgrlal mlsslatemenl of the entity's financlal *atements, whether due lo fraud or srror, design and perform audil procedures responsive lo those risks, and obtain certain audit evidence that is sulflcient and appropriate to provide a basis for our opinlon. The risk of not detecting a material mi55tatemont resulting from fraud is higher than one resultlng from error, as fraud may involve colluslon, forgery, intenllonal omissions. misrepresentalion5, or override ir) internal control. Obtain an understanding of internal control relevant lo the audit In order to design audit procedure5 that are approprlale in Ihe circumstances, but not for the purpose ol expresyng an opinion on tho eff6rtiveness ol the charitable company's internal control. Evaluate the appropriateness of accounling policie5 used and the reasonableness of accounting eslirnates and related disclosure made by the governors. Page 14

REPORT OFTHE INDEPENDEKf AUDITORSTOTHE MEIABERS OF THE DrrcHAM PARK SCHOOL CHARrrY ASSOCIATION - CO￿nNuED Conclude on the approprlaleness of the governors. us9 of th8 golng concem basss of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related lo events or conditions that may casl significant doubl on the group or ¢harilable company's ability lo contlnue as a going concern. 11 we conclude ihat a material uncertainty exists, W8 are required to draw allenlion In our auditor's report lo the related disclosures in the financial statements or, of suoh disclosures are inadequate, lo modlfy our opinion. Our conclu8ions are based on the audit evidence obtained up to the date of our audilor's report. However, future events or condltions may cause the charitabl@ company lo cease lo contlnue as a going concern. Evaluate the overall presentation, Structure and content ol lfve financlal stalemenls, including the disclosures, and wholher the financial slalem8nts represent Ihe underlying Iran8actions and events in a manner that achieves fair prtssenlation li.e gives a true and lair view). W8 communicate with Ihose charged with governanGe regarding, among other malters, the plannir)g 8cope and timing of Ihe audll and signlllcant audit findings, includlng any significant deficiencies in internal Control that we id8ntKy during the audit. Use of our report Thls report is made solely to the Charflable Company's memberG, as a body, in accordance with Chapter 3 of Parl 16 of th$ Companies Aet 2006. Our audit work has been undertaken so that we might state to the Charitable Company's membèrs Ih05e matters we ar8 required lo state lo them in an auditor's report and for no other purpose. To the lu118sI extent permitted by law, w8 do not accept or assume responsibility lo anyone other than the charitable company's membtsrs as a body, for our audlt work, lor Ihls report, or lor the opinlons w& have formed. Mr Ollvor Road FCCA ACA (Senlor Statutory Audltor) lor and on behalf of Jame8 Todd and Co Llmlted Statulory Audltor 24 Landport Terra¢a Portsmouth Hampshlro P012RG Page 15

THE DITCHAM PARK SCHOOL CHARrrY ASSOCIATK)N CONSOLIDATED STATEMEwf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 (INCORPORATING AN INCOME AND EXPENDITURE Accouwri Unr ricted Fun nate 202 Rèstricted Funds 2024 Total 202 INCOME Income from charltable acllvhle8 Fee income Other income Income from generated fund8 Inveslmenl income 5,780,015 1166,7121 520,858 5,613,303 520,858 5,164,483 403.767 33.134 Total Income 6 377 709 166712 6 210 997 5,601.384 EXPENDITURE Cost ol ganerallng fund8 Fundraising and publicity Charltable actlvltles Direct charilablo expgndiiuf8 52,906 52,908 48,802 4,947,042 4,947.042 4.629,478 Support and governance Costs 651315 651315 533 847 Total gxpèndllure 5 651263 5 651263 5212 127 Noi Income before transfer8 Between fund8 559 734 389 257 Transf8r8 botween fund8 1166,7121 166,712 Net Income bèfore other recognl8ed galns and108Wd 559,734 559,734 389,257 Loss on revaluation ol flxed assets for Charlty'g own usfr Nèt movemgnt In lunds 559,7S4 559,734 389,257 Total funds brought fomard at 1 Septembor 2023 5 591904 2 852 336 4 584 8,448 824 8 059 567 Total lunds carried torward at 31 August 2Q24 6151638 2852336 4 584 9 008 558 8,448 824 The statemerrt ol financlal activities includes all galns and losses recognised in the year. All Incorne and expendiluro derlve from continuing activilies. The notes on pages 28 to 32 form part of these financlal slateTnenls. Page 16

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION (REGISTERED NUMBER 01648056) CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2024 024 Flxgd assets Tangible Assets 7 225.519 7148 159 Currgnt a88Ot8 Stocks Debtors Prepayment8 Ca8h 81 Bank and In Hand 20,910 52,396 190,747 4,884 033 19,119 35,884 99,144 3 047 199 10 10 5.148,086 3,201,346 Crèdltorn.. Amoun18 falling du& wllhln one year 11 1811041 11074 358 Net ourrnnt assets,. 3 337 045 2 126.988 Total a889ts1068 eurrent Ilablllt108 10,S62,564 9,275,147 Creditors.. Arnounls falling due after mre than one year 11 {1,419,7241 {64S,3001 A¢¢rua18 and deferred Incomo 11 134282 181023 9 008 5S8 8 448 824 Unre8trtctgd tund8 09signated Funds Gengrol Funds Revaluatlon Rese¢ve 15 2,852,336 4,888.795 1289 309 2,852,33e 4,302,595 1289 309 9,003,974 8,444,240 Rgstricted funds 15 Total charlty funds 15 9 008 558 8 448.824 The financial statements were approved by th8 Council of Governors on 2 and slgned on its behalf by Mr R Overend- Governor Mr G S8ddon - Governor The noles on pages 23 10 32 fomi part of these financial statements. Page 17

THE DITCHAM PARK SCHOOL CHARrrY ASSOCIATION (REGISTERED NUMBER 01648056) CHARITY BALANCE SHEET AS AT 31 AUGUST 2024 2024 20 Fixèd a88ets Tangible Assets Inve8tment5 7,000,146 100 7,148,159 7,000,246 7,148,159 Curr¢nt assets Stocks Debtors Prepayment¥ Cash al Bank and In Hand 20,910 478,443 188,516 4 688 085 19,119 35,884 99,144 3047 199 10 10 5,373,954 3,201,346 Credltor8: Arnounls falling due within oné year 11 1810 209 Not current aS80t8: 3 563 745 2 126,988 Total assets less Gurrent Ilablllt106 10,563,991 9,275,147 Credilor$'. Amount8 falllng due after more than one year 11 11,419,724) 1645,3001 Accrua18 and deftrr•d Incom• 11 130087 181023 9 014,180 8,448 824 Unre8trlctgd fund8 Designaled Funds Genera5 Funds Revaluatlon Rèserve 15 2,852,336 4,867,951 1289 309 2,852,338 4,302,595 1289 309 9,009,596 8,444,240 Re8trlctgd fund8 15 Total charlty funds 15 9,014 180 8 448.824 The financial statements were approved by the Council of Governors on by d &gned on its behalf Mr R Overgnd - Govemor Mr G Seddon - Governor The notes on pages 23 to 32 form part of these financial statement5. Page 18

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION CONSOLIDATED sTATEmE￿r OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Cash flows from operatlng a¢tlvitle8 2 309 958 435618 Cash flows from Investlng a¢tlvliles Inleresl income PurGhase of langible fixad assels 76,836 309,960 33.134 206 0181 Net cash from Investing acllvilies 233 124 172 884) C88h flow8 from flnancè actlvitles New loan in year Repayment ol bank loans 240 0001 240 0001 Net cash from linancSng activilie5 240 000 240 000) In¢reaselDècrea8e) In cash and cash equlval8nt$ In the year C•8h and cash 8qulvalents at tho boglnnlng ol the yoar 1,836,834 22,734 3047 199 3 024 465 Total cagh and cash equlvalents at the end of the year 4 884 033 3.047 199 1. RECONCILIATION OF NET MOVEMEiif IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Nel movemert In funds Add back depreclation charges Add loss on disposal ol tangible flxed assels Deduct Intere51 income shown In investing 8Ctivilie5 IlncreasellDe¢rease in stock Decreasejllncreasel in debtors IDecreaselllncrease in credStors Cash generated from operatlng activltleg 559,734 229,136 3,465 389,257 245,216 1,507 176,8361 11,7921 1108,1151 1,704,366 133,1341 1,515 189,8071 78,936 2 309 958 435 618 2. CASH AND CASH EQUIVALEMrs The amounts disclosed on the Cash Flow Statement in rgSFeCt of cash and cash equivalents are In respect ol these Balanoe Sheet amounts,. Year ended 31 August 2024 31.8.24 1.9.23 Cash and cash equivalents 4 884,033 3 047,199 Year ended 31 August 2023 31.8.23 1.9.22 Cash and cash equivalents The notes on pages 2S lo 32 form part of these financial statements. Page 19 3 047,199 3,024.465

THE DrrcHAM PARK SCHOOL CHARITY ASSOCIATION CONSOLIDATED ST ATEMENf OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 ANALYSIS OF CHANGES IN NET DEBT At 1.9.23 Cash flow At 31.08.24 Net cash Cash at bank and in hand 3,047,199 1,836 834 4 884.033 3047,199 1.836 834 4.884 033 Debt Debls lalllng due wthin 1 year D8bls lalllng due after 1 year {240.0001 500 0001 1240,000) 260 0001 240,000 740,0001 240 000 0001 Tolal 2.307,199 2,076 834 4,384 033 The notes on pages 23 10 32 torm part of these flnancial statemerrts. Page 20

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Cash flows from operatlng octlvltles 1886 737 435 618 Cash flows Irom Invesling actlvlties Inlerest income Purchase of tangible lixed assets Purchase ol investments 76,836 (84,5871 100 33,134 {206.018} Nel cash from invesilng activities 172884 Cash flows from flnance adlvltles New loan in ygar Repayment of bank loans 240,000 240 000} Net cash Irom Ilnancing actlvitles 240.0001 240 0001 Increase(Decreaso) In Cash and ca8h aqulvalents In ihe year 1,638,886 22,734 Cash and cash 8qulvalent8 at the beglnnlng of the ygar 3 047 199 3 024 465 Total cash and cosh equlvolent8 at the end of Ihe year 4 686 085 3047 199 1. RECONCILIATION OF NET MOVEMEKT IN FUNDS TO NEf CASH FLOW FROM OPERATING ACTIVITIES Net movemgnl In funds Add back depreciation charges Add Soss on disposal of tangible1Sxed assots Deduct interest Income shown In Investing activities Ilncrea5ellDecrease in stock Decreaselllncreasel in debtors IDecrease}Ilncrease In creditors 565,356 229,136 3.465 389,257 245,216 1,507 {76,8361 11,7921 1531,9311 1699 339 133,1341 1,515 189,8071 Cash genwated from operatlng activlll8s 1,886,737 435618 2. CASH AND CASH EQUIVALEMTS The amounts disclosed on th8 Cash Flow Statement Sn respect ol cash and cash equivalenls arp In respect of thes8 Balance Sheet amounts: Year ended 31 August 2024 31.8.24 1.9.23 Cash and cash equivalents 4.686,085 3047 199 Year ended 31 August 2023 31.8.23 1.9.22 Cash and cash equivalents The noles on pages 23 to 32 fomi part ot Ihese linancial slatements. Page 21 3 047,199 3 024 465

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION CHARITY sTATEmE￿r OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 ANALYSIS OF CHANGES IN NET DEBT At 1.9.23 Cash flow At 31.08.24 Net cash Cash ai bank and in hand 3,047 199 1,638,886 4,686.085 3,047 199 1638 888 4 686 085 Debt Debts falling due wlhln 1 year Debts falling duo aft9r 1 year 1240,0001 500,0001 1240,000) 260 000) 740 0001 500,0(K)I Total 2 307,199 1 878,888 4,186.085 The notes on pages 23 to 32 form part ol Ihese financlal statements. Page 22

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION NOTES TO THE FINANCIAL sTATEMETr￿S FOR THE YEAR ENDED 31 AUGUST 2024 1. STATUTORY INFORMATION The Ditcham Park School Charity Associallon Is a private company limited by guarantee. reglstered in England and Wal8s. The charity's registered number and reglstered office address Can be found in the Governors, Report. 2. ACCOUNTING POLICIES The principal accounllng policies adopted, judgements and key sources of &silmation uncerlabnty in the preparation cl Ihg financlal statgments are as follows: Basls of Preparatlon of Accounts Th8 financial statements havo been prepared In accordance with knounting and Reporting by Charilies.. stalemgnt of Recomm8nded Practlce applicable to charitiès preparlng their accounts In accordance wlh thg Financial Reportina Standard applicable in ihe UK and Republlc of Ir&land IFRS1021 leffeGtlve 1 January 20191- Icharllles SORP (FRS10211. th8 Financlal Reportlng Standard applicable irs the UK and Republlc ol Ireland (FRS102) and the Companies Act 2006. The Dltcham Parf( School Charity As50clalion meets the delinitlon ol a public b8nefit entlly undèr FRS102. Slgnlflcant accountlng ludggmenis and e8tlmates Preparation ol the financial statements requlres managemanl to make signlllcanl ludgernents and estimates that aflecl thg repDrted amount ol a88els and liabilities and the disclosure of contingent assets and liabilities at the reporting dale and that alleol th8 reported amounts ol revenue and expenses durlng the reportlng period. In this period, Ihe Governors believe that Ihe crftlcal accounting pollcl8s where judgements or e811malions are necessarily applied are summarised below. In¢oming R88ources All incoming resources are Included In tho Statemènt of Finandal Actlviiles when the charlty is legally enlill6d lo th& Income and the amount Gan b8 qua￿lI16d wlth reasonable accuracy. Foe Income Fee Income and charges for seNIc88 are accounted lor In the perlod In whlch the seNlce Is provlded. Donatlons Donations received for the general purposes of the ¢harily arè credlted to the Unrestricted Funds. Donatlons for purpose8 restricled by the wi8h6s of thè donor are laken to the Re8tricled Fund8 where th8se wlshes are legally binding on the school's Governors. Govornment Grants Interest paid by the Government on flnancg acqulred by the charSly und8r tho Coronavlrus Buglne95 Interruption Loan Scheme ICBILSI has been recognised in the Slatemenl of Financlal Actlvilies as income In Ihe period lo which the underlylng irsterest charge relates. Gr8llts have been roceived IrDm ihe Government relailng to the Coronavlrus Job Retenliors Scheme duriw I￿e year. The In¢ome Is reGognlsed as Grant Inoome, wilhln Other Income under the accruals method. Regources Expended Resources expended are accounted lor on an accruals basis. Support and Governancè Co$ls Only those costs specili¢ally identified as for tfve support and gc)vernance of the charity are induded in the rinancial statements as such costs. Tanglble Flxed Assets Assets are capitalised as langlble fixed assets when they are intended for use on a conllnuing basis in the charity's activities, and where Iheir cost exceeds £500. Page 23

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2024- conllnued Depreciation 18 Calculated lo write off the cost or valuatlon of assets less their expected resSdual values, ov8r Iheir useful ewnomic livés. Th8 lollowng ral&s ar8 us6d:. Land Freehold Bulldings IT Equipm8nl and Soltwara Fixlures, Fittings and Oth8r Equipment Not deprecia18d Between 20/0 straight line and 100/0 Straight line 1 O•/o, 20°/0 and 33.33 /. straight line 10¢/0 and 2010 Stralght Ilne and 25% reducing balance The Gharlly has adopted the revdualion mi)del to revalue Items ol freehold property whose lair value carn bo measured reliably. The revaluallons shall be mad6 with sufficient regularity lo ensure that the carrylng value amount does not differ materially from that which would be determined uslng lair value at th9 end ol the reporting period. The lair value ol land and buildings 18 U8ually determined from market.based evldence by appralsal that is normally undertaken by prole88ional quali119d valuèrs. Revaluallon gains and losses are recognised in the Stalement of Financial Actlvltles and added lo reserves in a separaté revaluation reserve. Stocks Stocks arg valued al the lower of cost based on normal levels of aclSvliy, and nel reali8ablè value. Dobtors Fees recelvable arè recognSs8d al Ihelr recoverable amount. Prepaym8nls are valued al the amount pr8paid nèt of any d16count8. Ca8h at Bank and In Hond Cash al bank and cash In hand Includes cash and short l&rm hlghly Ilquld account8. Crodltor8 Creditors are recognised where the charity has a present obllgallon resulting from a past event that wlll probably resLJlI In Ihe transfer of lunds lo a third party and the amount du9 to S8llle the obllgation can be m?asured or estlmated reliably. Creditors arè normally r8cognlsed at thelr settlement amount after all￿n￿ loi any discounts duo. Penslong Retirement beneflts lor the employèes ol Tho Dllcham Park School are separated ￿tween leachlng and support staff pension schemes. Teachers Penjlon Scheme Until April 2021 the School participated solely in the Teachors, Penslon Scheme I'the TPS I for Ils leaching stall. Frorn 19t April 2021, due to the rislng costs ol the employer's Teachers Pension contributions IERSI the school has introduced an allernalive Aviva APTIS pension schEme whlch is a dolined contrbbullon schcmo. From 191 April 2021 the School has contributed a maxlmum o116.480/& Irilo each teachEr's chosen 5chcme. Teachers electing lo remain in the TPS do so by sell-lunding the additional cost ol thè higher Employers Contribution o123.68°/v prescrlbed by the TPS. From 181 October 2021 the School has moved lo a "Phased Withdrawal Status Sehool" with the TPS. The pension charge lor the year includgs conlrlbutlon8 payable to the TPS and Avlva Aplis of £378.317 12023.. £343,755) and al the year-end £28,336 12023 £39,588) wa5 accrued In respect ol contribukn'ons lo this scheme. The TPS Is an unlunded multi-employer defined beneflis penslon scheme governed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers, Pension Scheme Flegulations 2014 las amended). Member5 contribute on a °pay as you go. basis wlh contributions from members and th8 employer being credited to the Exchequer. Retirement and other pension benelits are paid by publlc funds provlded by Padiamenl. The employer contribution rale Is set by the Secretary of Slate following schemo valuations undertaken by the Government Actuary's Department. The most recent actuarial valuation of Ihe TPS was prepared at $1 March 2020 alld the Valuation Fleport. which was published in October 2023. Page 24

THE LXTCHAM PARK SCHOOL CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 AUGUST 2024- continued Following Ihe Mccloud judgement, the remedy proposBd that when beneflts become payable, eligible memb8r8 can selsct to receiv8 them from either tho rolormed or legacy schemes lor the period 1 April 2015 to 31 March 2022. The actuarie8 have assumfjd that members are likely to choose Ihe option that provides them with the orealer benefits, and in preparing the 2020 valualion have valued the 'greater value, b6nelils lor groups of relevant members. The employer contribution rale for ihe TPS is 28.6Vo, and employers are also reqLJired lo pay a scheme administration levy ol 0.08°/o giving a lotsl employer conlrlbulion o128.880A. Support Staff Contrlbutions are made into a defined conlribLrtlon scheme for th8 non-academic slafl. Th8 employer's contribution lor the yeai is a maximum Of1￿/0, in (Irect correlation lo the employees own conlrlbulion ral8 of cholce. The total pension commllmenl at th8 balanc8 sheet date wa8 £46,51312023: £49,951 I which Includes TPS and Aviva Apts's. L6aslng Commitmènts Renlals paid under operallrg leases are Gharg8d to the 81*emant of flnancial actlvilios account on a stralght line basis over the lèase term. Flnanclal In8truments Flnanclal Assels Basic financial ass6ls, whlch Include debtors and eash and bank balanc8s, are Inltially measured ai transacllon price includlng transacllon costs and are subsequently carried al amortised oost using the effective interest m&thod unless the arrangement constilules a linanclng Iransac11on. wheré the transaction Is measured at the present value ol the future recelpts dlscounled al a market rate ol Interest. Financial assols classllled as receivable wllhln one year are not amortlsgd. Flnanclal ass8ls, olher than those held al falr value through the sta16ment ol financlal adivlil88, are assessed lor indlcalors ol Impairment al each reporting end dalg. 11 an assei Is impalred th8 impairment loss Is th6 dlflergn¢e between the carrying amoLJnl and tho present value ol the estlmaled ¢a8h flows dlscounted al the asset's original elfecilve Interest rale. The Impairmonl loss is recognised In th8 stalem9nl ol linanolal acllvlfjes. If there Is a decrease In the impalrment loss arlslng from arn event occurrlng aller the Impalrmenl was recognised, the impalrment is reversed. The reversal is such that the carrylng amount docs not exceed what the carrying amount would have been had the Impairmerrt not previously been recognised. The Impairmenl reversal is recognised In the Statement ot financlal actlvilies. Flnan¢ial assets are derecognised only when the contractual rsghts lo the cash flows from the asset expire or are settlgd, or when the charlty transfers the flnancial asset and subslanlially all the risks and rewards of ownership lo another entity, or11 some significant risks and rewards ol ownership are retained but control ol the asset has transferred lo another party that is able lo sell the asset in fts enllrely to an unrelated Ihlrd party. Financlal Llabililies Basic financial Ilabililies, including creditors that are classlfied as debt, are iriilially recognlsed at transaction price unless the arrangement constitutes a flnancing transaction, where the debt inslrumenl Is measured at the present value of the future ieceipls discounted at a market rate of interest. Financial liabililie8 classilied as payable wilhin one year are rbot amorbsed. Debt instrumenls are subse(PAently carried al amortised cost. uslng the effective interest rate method. Page 25

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024- contlnued Trad8 creditors are classified as curr8nt liabililieg if payment is due within one year or less. 11 not, they are presgnied as non-current liabilities. Trade creditors are subsequently measured al amortised cost using the effective intere81 method. Financial liabillties are derecognised when the charlty's contractual obllgations explre or are discharged or cancelled. Fund Accounting Unrericted funds can be used in accordance with the charita￿6 objeclives at the dlsoYelSon of the Governors. Restricted funds can only be used lor partlcular purposes within the obj8cts of the charlty. Restrictions arls8 when specified by the donor or when funds are raised for particular purposes. Further explanatlon of the nature and purpose ol each fund is included In the nol8S to the Ilnancial alements. 3. OTHER INCOME Tran5POrt Fees Misc8llan6ous Income 220.238 300,620 199,740 204,027 520 858 403 767 4. FUNDRAISING AND PUBLicrrY Mark6ting Costs 5. DIRECT CHARITABLE EXPENDITURE lion Dis Staff Co Total Total Teaching Salaries and Costs E5tale Salaries and eosts Transport Costs Catering s￿arles and Costs utilities Costs 3,107,325 156.530 101,810 129,350 366,527 3,575,662 3,327,867 343,216 629,096 638,451 308,237 308,237 291,349 137,663 283,220 266,079 150 827 150,827 105,732 144,116 1,441 3 407 971 1,306 470 4 947 042 4 629,478 Page 26

THE DrrcHAM PARK SCHOOL CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMEwfs FOR THE YEAR ENDED 31 AUGUST 2024- eontlnued 6. SUPPORT AND GOVERNANCE COSTS 20 202 Support Costs.. Salaries aThJ Offica Costs Flnance Gov&rnance Costs.. Legal and Professional Fees Audit and AGcounlancy Fees Payroll Fees 517,351 18,556 484,504 17,829 82,724 25,870 10,927 18,270 2,317 651315 533.847 Total Staff C08ts Comprlsed: Wages and Salari88 Social Se¢urlty Costs Pension Costs 3,042,661 309,61 S 470610 2,847,015 290,501 424 392 3 822 884 3 561908 Onè employee earned b@tween £70,000 and £80,000 pgr annvm One employee earned be￿e8rn £90,000 and £100,000 per annum The average number ol employees, analysed by luncllon, was: 55 54 Teachlng Estate Management and Admlnlstrallon of Charlty Catering 73 69 Page 27

THE DITCHAM PAFIK SCHOOL CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024- contlnued 7. OPERATING SURPLUS The ¢pèrailng surpluslg slated after charging.. 2024 2023 D8preciation of Tanglbls Fixed Assets and loss on disposal ol fixed assets Coach Hire Auditors, Remuneration - Accountancy 232.601 308.237 12,453 246,723 291,349 10.332 7.938 8. TAXATION Due lo the nature of the charity's aclivit16s there Is no corporation tax Ilability arising on the charlly's Surplus for the year. 9. TANGIBLE FIXED ASSETS - GROUP Fixtures Fillings & Other sse IT Equlpmenl ollw Freehold COSTI VALUATION At 0110912023 Addlllons Disposa18 1,925,WO 5,456,842 585,926 44,723 580,260 39,865 8,548,028 309,960 4,064 8,853,924 225,373 225,378 1.925.000 5,456,842 626,585 e20,134 DEPRECIATION At 0110912023 Charge for Year Eliminated on disposal 588,569 137,808 387,196 38,054 424,104 53,274 1,899,869 229,136 600 424,650 600 1,628,405 726,377 477,378 NET BOOK VALUES At 3110812024 At 3110812023 225,373 1,925,000 1,925,000 4.730.465 4,868,273 201,935 198,730 142,746 156,156 7,225,519 7,148,159 TANGIBLE FIXED ASSETS . CHARrrY Flxtures Filllngs & Other IT Equipment Freehold Froefvold Bulldin COSTIVALUATION At 1 September 2023 Additions Disposa15 1,925,000 5,456,842 585,926 44,723 580,260 39.865 8,548,028 84,588 1,925,000 5.456,842 626,585 620,124 8,628,552 DEPRECIATION At 1 September 2023 Charge for Year Eliminated on disposal 588,569 137,808 387.196 38,054 60D 424.650 424.104 53,274 1,399,869 229,136 600 1,628,405 726,377 477,378 NET BOOK VALUES Al 31 Augusl 2024 At 31 Augu512023 1,925,000 1,925,000 4,730,465 4,868,273 201,935 198,730 142,746 156,156 7,000,146 7,148,159 Page 28

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 AUGUST 2024- conllnued The Ir88hold property and property under construction was prolessiorbally revalupd on 14 August 2018 by Savills IUKI Limited Chartered Surveyors (Regulated by RICSI on the I￿r value basis. The fr8ehold property was valued at £5.500,000. ol which £1,925,000 was deemed lo b8 the land. To the best of thè knowledge and béllef ol the Governors and supported by a further valualion carried out by Savills IUK) Limited in October 2023, the valuation ol the freehold properly Carried out on 14 Augusl 2018 Is not materially different to the value ol th8 freehold propgrty al the 31 ALAgust 2024 Ilaking into account the cost of additions since the valuation was carried outl. The Governors believe that it Is appropriate to reflect this valuation in the Ilnancial statements lor the year ended 31 August 2024. Revaluallons of the freehold land and bulldlngs are carried out with sullicient regularlty lo ènsure thai ihe fwr value Is refleded in the accounts. 10. DEBTORS- GROUP and CHARITY Group Charity 2024 2023 2024 2023 Due wlthln one year: Fees rec8ivable Prepayments arnd Accrued Income Amounts dua from sub8idiary undertaklng 52,396 190,747 35,884 99,144 52,396 188,516 426 047 35,884 99,144 135,028 666,959 135,028 Included In Ihe balarKe owed from the subsidlary undertaking IS £150,000 wllch Is duè after more than ona year. 11. CREDITORS - GROUP and CHARrrY Amounts falllng due withln one year: Group Charity 2023 2024 2023 2024 Bank loan (see note 12) Fees in advance Soclal Secvrlly and PBnslon Costs 240,000 1,458,022 113019 240,000 716,6B5 117693 240,000 1,458,022 112187 24D,000 716,665 117693 1,811,041 1,074,358 1,810,209 1,074,358 Other Creditors and Accruas 181023 181023 1 945 323 1,255,381 1941.036 1,225 381 Amounls talllng due after one year: Bank loan Other creditors 2,600,000 1 159724 500,000 145,300 260,000 1,159 724 500,000 145300 1,419724 645,300 Page 29

THE DrrcHAM PARK SCHOOL CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 AUGUST 2024- conllnued 12. LOANS . GROUP and CHARITY An allalysis ol thè malurily of loans is given below: Group Charily 2023 2024 2023 2024 Amounls falllng due wlthin one year or on demand.. Bank loan 240 000 240 000 240 000 240.000 Amounts falling du8 belmeen one and two years- Bank loan-1 2 years 240 000 240 000 240 000 240 000 Amounts fallSng due between Iwo and fiv8 years.. Bank loan - 2- 5 years 20,000 13. SECURED DEBTS- GROUP and CHARITY Group Charity 2023 2024 2023 2024 Bank Loans 500,000 740 OOD 500 000 740 ODO 500 000 740,000 500 000 740 000 The bank loan Is secured agalnsl the Schocl's a858ts. 14. COMPANY STRUCTURE AND cowfROLLING PART Th8 charity is a company Ilmlted by guarantee and does not have any share capital. The Governors are the controlling party of Ttre Dilcham Park School Charity As60¢Sallon. At th8 close 0131 August 2024 th8r8 arg eleven Governors who are limit8d to £1 liabllity each. 15. sfATEMENT OF FUNDS. GROUP Oulgolng Resources inc los Balance at Incomlng our Balance at 1 Au st20 Tr General Funds Unreslricled Fund Revaluation RoseNe Deslgnated Funds Buisaries and Scholarshlps Mlscgllaneous Capital Equipment Replacemcnt Fund DeVeloVne￿ Fund 4,302,595 1,289,309 6,377,709 (5,651,263) 1166,7121 4,862,329 1,289,309 150,000 2,336 1166.7121 166,712 150,000 2,336 100,000 2,8￿ 000 100,000 2 600 000 Total Unrestricted Fundg Restricled Funds Miscellaneous 8,444,240 6,210,997 15,651,263} 9,003,974 4,584 Total Restricted Funds 4,584 Totsl Funds 8,448 824 9 008,558 Page 30

THE DITCHAM PARK SCHOOL CHARITY ASSOCIATION MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024- continued 15. STATEMENT OF FUNDS - CHARITY Outgoing Resources inc losse Balance at Incoming Flesources Balance at Transf8rs aL4ugu￿2o24 General Funds Unrestrict8d Fund Revaluation Fleserve Deslgnated Funds Bursaries and Scholarships Miscellaneous Capital Equlpmenl Replacement Fund Development Fund 4,302,595 1,289,309 6,377.709 15.645,8411 1166.7121 4,867,951 1,289.309 150,000 2,336 1166,1721 166,712 150.000 2,336 100,000 2,600 OCM) 100,000 2 600 000 Total Unregtrlctgd Fund8 R•strlcted Funds Miscellaneou8 8,444,240 6,210.997 15,645,641) 9,009,596 4,584 Totol Restrlcted Funds 4.584 Total Funds 8 448 824 6,210 997 5 645 641 9,014,180 ASSETS OF THE FUNDS- GROUP Tangible Currgnt unr88lrl￿ed Fund8 General Fund Revaluation Reserve Deslgnaled Funds Restrlcted Fund• 5,936,210 1,289.309 2,291.166 13,365,04n 4,862,329 1.289,309 2,852,336 4,584 2,852,336 7225519 5.148 086 3,365 047 9 008,558 ASSETS OF THE FUNDS . CHARITY Tanoible Current Unregtrictod Funds General Fund Revaluallon Reserve Oesignaled Funds Rostri¢ted Funds 5,710,937 1,289,309 2,517,034 13.329,2281 4,867,951 1,289,309 2,852,336 2.852,336 7,000 246 5,373 954 3.329,2281 9,014 180 Page 31

THE DrrcHAM PARK SCHOOL CHARITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 - conllnued The General Fund repres8nts the free funds ot the Charity which are noi designalod for any partlcular purposes. The Revduation Resetve is required by the Companies Act 2006 and repres8nts the amount by which the frgehold property exGgeds ils hlslorlcal cost. Revaluations ol the freehold land and bulldlngs wll be carried out with sufficient regularity lo ensure that the falr value Is reflected in the accounts. The Bursaries and Scholarships Fund- The purpose of Ihls deslgnated fund is to provide support for parents of children al the school who are able to demonstrate Ilnanoial hardship, in accordance with procedures and cr(leria laid down by Governors, and In years when Ihe provlsion within the revenue budget for Bursary Support has been lully commilled. The School and Governlng body as8e88 the balance ol this tund annually, with the largel level set al 2•/0 of grosg fees. Development FurKI Tlis fund relates to pol&nlial prolecls that are being evalual8d by the School. Following the conslru¢lion ol lh8 extension lo the Martin Pryce Sports Hall in 2021, the School Ss now reviewing ils options durlng a time of global economlc Instablllly. Capltal Equipment R8placement Fund The purpose ol this fund is ensurè adequacy of moni8s available to replace large items ol capital equipment d8gm8d necessary for the eflicionl operallon ol the School, its buildings and grounds. 16. OPERATING LEASE COMMITMEW At 31 August 202S the lolal ol the Charity's future ccrfnmitted paymènts are: Less than one year Ona to fiv8 years More than Ilve years 11.435 1.350 11,435 12,784 17. INSURANCE The charlly Is covered for Governors, IlabllSty to th8 value of £5,000,000 per clalm per perlod of Insurance. 18. TRANSACTIONS WITH GOVERNORS During the ye&r two governors had chlldren at the school and pald normal lee5. £3,314 was spent purchasing trophies and services from a business owned by a Govgrnor. 19, GOVERNORS, REMUNERATION AND EXPENSES The Governors Noither received nor waived any remuneration In relation to Ihelr Governor role durlng the year12023'. nlll. 20. posr BALANCE SHEET EVEMrs The Ilnancial slatoments lake into consideratlon events occurring between 31 August 2024 and the date of their approval by the Council ol Governors. 21. CAPITAL COMMrrMEwrs Al 31 August 2024 there was a capllal commitment of £ 365,760. 12023- £NIII- Page 32