Charity l$tration number 286347 Company wistration nuMr 00705392 {England and Wales) MAYVILLE HIGH SCHOOL UMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
MAYVILLE HIGH SCHOOL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms Tanya Riordan MrAndrew Porter Dr Sarah Hookway (Chair) Mr lan Fairley Mr Scott Leer Mr Peter Walsh Ms Zoe FaoW Mr Jonathan Paardekoope (Appointed 7 January 20261 (Appointed 7 January 20261 IApw'nted 1 February 20261 IAppLxnled 15 January 20261 Charty number 286347 Company number 00705392 Registered office 35 Sl &mon's Ro&1 Southsea Hampshire P05 2PE Audllor SumerAu¢Jrt Piper House 4 Dtjkes Court Bognor Road Chithester st Sussex P019 8FX Solicilo Biscoes Cousins Groves Kingston Place 62-68 Kingston Crescent Portsmouth Hants P02 8AQ Stone lQ'TrJ LLP Boundary House 91 Chartethouse Street Barbican London EC1M6HR
MAYVILLE HIGH SCHOOL LIMITED CONTENTS Page Trustees, report ststemenl of trustees. resrx)nsibililies Independent auditor's re Statement offinanaal acty'vrties 10 Balance shegt 11 Statement ol cash flows 12 Notes to the finanoal stalements
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees present their annual Teport and finanaal statements for the year ended 31 August 2025. The financial statements have been prepared in accordance ¥th the a(uting policies sel out in note 1 to the financial slalernenls and comply wth the charrty's deed of trust. the Companies ArA 20(b and "Acwunling and Reporting by Chanlies" Statement of Recommended Pra¢ti¢e appbcable lo ¢harthes prepariTr3 their a¢counts in accordance with the Finanaal Reporting Standard applicale in the UK and Republic of Ireland IFRS 102}" leifeclive 1 January 20191. Objectives and activities The Trustees are responsible for seth.ng a strategy for achievir@ the obierti'ves they have set and the focus of this strategy Is the development of our pupils and in doing so we. Review the School's academic Sl8buS and teaching practices and pdicie5; Ensure1hal the range of co-curricular actiwbes 8V8ilable lo our pupils is stimulab.ng aTrJ challenging., Invest in technology and the infraslnJ¢lure of the SchoM". Co-operate and share resources wlh other organisalions", Conts'nue to review and dèvelop our methods for awarding bu15aries and xholarship5 to ensure wider access to pupils from all backgrounds. Our Ethos is that of a caring school where every is an indiwdual. The Sch1 welcomes pupils from all backgrounds. To admrt a pr05peclive wpil we need lo be 5absfied th8t our School ¥MII be able lo educate and develop a child to the best of their potenb"81. Entrance interviews and assessments are undertaken to satisfy both oursdves and the panIS that the pupil can cope with the pace of fjducation we provide. OurAlms The objects of the School are the 8dvancemenl of education of boys and girf5 and in particular to maintain a boys and girls day school in Southsea. Hampshire. We aim through our Junior and Senior Schools lo provide a first tsS education to boy5 and girfs from the e$ of 2 10 16. We seek lo provide a structure¢ educational environment that devebps our pupils, pabilItIes. competencies and skills We promote Ihe academic. moral and physical development of our pupils through our academic curriculum. pastoral care. sporting and other a¢livib"es. provide an educational environment where each sludenl can develop and fulfil their potential, building their self-confidence. whith will enable them lo contribute to the wider community. In doing so, we prepare our pupils for the opkxjrtunities. responsibilrties and experiences of later life. Our Objectives In setting Dur objectives the Trustees have been given carefvl considerab.on to the Charity Commission's guidance on advancing education and fee charging. The rtjjectives reflect our educational aims as well as thè general ethos of the School. Our key objectives for the year induded.. To expand our CeducatIonal alternative provision at Wyvem H{Se.. To prepare for the Implementation of VAT on school lees from 1 January 2025.. To continue lo provide and develop a first class education for the pupils of the School by providng high academic standards., To rnainlain an oplimurn number of pupls to ensure each dass is providing the stimulus and opportunity to each pupil to develop both Intellectually and socially
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 In accordance with the Charity Cornmission guidelines on public benefft.. To continue to support and assist pupils th fee bursaries and s(Marships of up to 1000k' To develop liaisons with other schools and otganisab.ons by sharing resour and faCIles., To improve and Increase the facilthes available to PL¢pils and staff. To conbnue a prograrnme of anned maintenance of the buildings used by the School., To continue to support other charities by thiab.ons and develop the opportunty for pupils to directty assist th the charitable work undertaken. Publffc benefft The trustees have paid due regard to guidance issued by the Chanty Commission in dedIng what aclivrtFes the harity should urKlertake. Strategic report The deSptiOn under the headings 'Achievements and performance" and'Financtal review, rneel the company law requirements for the trustees lo present a strategic report. Achievements and performance signifan1 activities and achievements against obiertives The academic performance of all pupils is carefully monitored to ensure that each child wll fulfil their polenlial. 2025 saw the departing Year 11 pupils achieve an 81VD overall pass rate (England average 700kl. The pass rale in core subjects was84/. Inationalaverage 71/01.Our high value-added scores saw pupils continue lo excèed expectations 3% more pupils gained grade S and higher in English and Maths and 140/0 more pupls gained grade 4 and higher in English and Maths. as measured againsl their expected outcome. As an indusive school, we slnve lo ensure that no child is left behind and that all puwls achieve their own personal best. In 2025. the pass rale for pupils with special educational needs was 71%. Wyvern House opened in September 2023 and continues to expand. As a Secondary Swial Educational Needs day sch¢xl setting, Wem offers a calm enmronment for pupils ben the ages of 11-16 wth a range of neuroKliverse needs induding ADHD and ASD, to build Confiden and prepare them for the ne*t stage of their educational journey. AJI pupils who attend Wem have an EHCP. Following the General Elect10n and the new Labour Govetnmenys annOUnrnent that VAT is to be appkecj to IndetRndent School fees from January 2025. the School's finance team prepared a VAT irnplementation plan to ensure they were ready to issue VAT inclusive fee invoices for the Spring Term and the first VAT Tetum as at the end of February 2025. The Head Teacher, Mrs Sarah George BA (H($) PGCE and her stsff contsnue lo provide security and opportunities for each child so that they may undertake their studies and development in a sale, happy environment The Trustees are gratelul to the staff for their dedication lo the school and the way in which they project forward the reputation of the school and instil confidence in the pupils who attend. The TrLtstees are fortunate to have the support ol past pupils and an active PTA who assist the s¢hod in many ways. Following the resignation of Mts Rebecca Parkyn in June 2025, Mrs Sarah Geotge who was deputy head at the 'me became acting head teacher until her fomial appointment followng a recTuilment process in SeptemLEr 2025 The SchoDI continues to be involved in managiThJ projects through the Cod(leshell Community Sport5 Club providing spcrting f111e$ lo the community.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Financial revlew There has been a decrease in wpil numbers to 458 12023r24 4851 but the school has maintained a nel surplus posib.on of £6.45712023124 £1.609.7371. This has allowed Ihe Trustees to continue to meet the School's ¢osls from in¢ome. Note that last year's surplus was significantly impacted by the one-off transler of freehold propety into the charity. representing a donation in kind of £1,650,000. Investment in property Improvements in the Current year totalled £37.89712023124 £32.5471. tring the year the Trustees fvrther authorised expenditufe of £34.744 120231 24 £29.731) on equipment and faciljties. In accordance wth ils Charitab objects the School ha5 continued lo offef scholarships and assisted places to pupils who rnight not olhernise benefit from the outstanding educabon and fa¢iltb'es available at Mayville. During the year £286.349 12023124 £289.051} was awarded In means-tested fee assistance lo 59 12023124 451 pupils To further broaden access, scholarships are awarded each year to rQgn[se achievement and contribution to the School. Scholarships worth £422,240 were awarded during the year12023124 £475,480). 10 84 pupils12023124 841 The School has addth"onally supported outside thar"e$ both home and abroad and assisted with worl( in the local community. ReseNes poIY It is the policy of the charity that unrestricted fvnds which have Thjt been design*ed for a specific use should be maintained at a level equivalent to befven three and six month's expenditure. The trustees Consider that reserves al this level will ensure that, in the event of a sgnificanl drop in funding. they wll be able lo continue the ch2rity's current activities while consideration is given to ways in which addilional ftnds may be raised. This level of reserves has been maintained throughout the year. Prln¢lpal Risks and Uncertalnties The School maintains a Risk Register which is ieviewed regularly by the Trustees and the Senior Leadership Team. The Trustees have idenlthed the following key strategic risks.. Long-temi financial viabilty To secure its long-term financial viability. the School has to balance the investsnenl it makes in rts staff and buildings th Its funding, the key Sour of which is ffye income. To ensure all its Commitments are met, the School has robust management processes. These Indude forecasb.ng pupil numbers. detailed budgeting and cash flow projections, whith are prepared by the Senior Leadership Team and Su.eCt to detailed scwtiny by Trustees. Progress against this plan is fflonrtored continually by the Senior Leadership Team and lermly by Trustees. Trustees also monitor the impact ol changes in govemmenl policy (including the inlroduction of VAT on fees and the wilhdr8wal of charrtable ixjsiness rate reliefj on the viabilrty of the School. Affordability The School operates in a very ¢ornpelitive market with fees inueasing faster than earnings. and is conscrous that the cost ol pnvale education is in¢rea5ingly beyond the financial means of many families. In addition. 8ffordability of fees, and Iheiefore pupil nLJmbers, ul¢j be affecled by wlitical and mr0-econOM1C factors. including the recent introduction of VAT on school fees and increases in energy. food and other costs. Recognising this. the School looks to ensure it achieves value for money in every area of Its operations. while maintaining the excellent all-round edu1[0 for which it is renowned. The School continues to provide means-tested bursaries to ensure that as many pupils as possible are able to benefit trom the educab.onal opportunits.es available. Safety and securty of pupils, staff and premises The Schwl aims to provide a safe and secure environment. in order lo safeguard and promote the wdlbeing of pupils. st8ff and visitors. and to prevent reputational risk. To do Ihis rt has in pla detailed policies and procedures including in the areas of safeguarding children, anti-bullying, health and safety, physical security. Cyber-secuiity, wellbeing and cnlical incident management. These p)Iicies are regularfy rewewed by Trustees Staff and pupils are provided with detailed training. as appropriate, to ensure these policies are adhered to across the S¢hool In particular, staff and Truslees undertake regular comprehensive safeguarding training. The School employs a Health and Safety OffIr who, In conjunction wrth the Head and Senior Leadership Team. carries out regular inspections of the School buildings and maintains vanous departmental risk assessments.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Recruitment and retentlon of key staff The School relies on rts abilily to re¢nJrt and relain hrgh quality staff to cary out ils charit&)le activities and achieve its obj&¢tives. In order to athieve this the Sch(1 provides a comprehensive range of financial and non-financial benefits lo staff, induding competitive salanes and training and development opw>rtunity'es, and the promotion and support ol stsff wellbeing. Effe¢tlveness of Governance The Trustees recognise that slrong governance is essential lo the School's success. In order lo ensure Ihal govemance is effective Trustees are appointed based upon a skills matnx. Comprehensive induction and refresher training is provided to Trustees. Committee structures are in place. supFM)rted by cleaT terms of reference. Trustees aclivdy rnonitor the implemenlatson of polbues and complian¢e within the School. Technology The School uses digital technology extensivety and aims to educate ts pupifs to use dEgrtal technology effecknvely and safely. There are a number ol risks assouated with this use of technobgy, IrlUding the risk of cyber-attack on the School's IT systems and dats. safeguarding pupils and staff from the risk of onl+ne harffl, ensunng the safety and security of personal data, and the risks Posed by artificial intelligence. These risks are mitigated by the implementation of information securty, data protection. and acceptable use of IT policEs which are actively monilofed by Trustees. and by a range of technical controls. The generic controls used by the Sch(K)I lo mintmise risk irKlude'. detailed terms of reference together wih formal agendas for Committees and Board actwity strategic Llevelopment planning reviewed by the Goveming Body and its Committees cornprehensive budgeting and rnanagement accounting established organisalonal stnJ(lures and lirEs of reporb.ng formal written poliaes including clear aulhorisabon levels safeguarding piocedures. as required by law, for the protection of thildren. The Trustees regularty review the effectiveness of current ptans and strategies for managrng all idenlffjed major risks lor the School. Key Performance Indicato Key performance indicators which are regulady monitored by the Trustees include achievement of pwil number targets. financial perfocmance against budget. academi¢ outcofnes for pupils. and promotion of pupil wellbeing see 'Achievemenls and Performan. and 'Financial Review. sections for lurther details. Plans forfuture periods During the next year the sch¢)ol plans to continue to buiK1 on the success of the Wyvem altemative WOVlSlDn and increase Ihe nurnber of pupils to 30. INe aim to work wlh Mayville staff and faMilS on fee affordability given the introduction of VAT on sthool fees. The school will Continue lo ieview falrts. equipment and buiklings to ensure they meet the requirements of the pupils Structure, governance and managèment The charity is conlrolle(I by its governing dttument a deed of Irusl. and constitutes a limited company. limited by shares, as defined by the Companies Ad 20.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees, wh) are also the directors for Ihe purpose of c¥)mpany law. 8nd ¥kno serv&J during the year and up to the date ol sign¥ivrg of Ihe frnancjal statenMts were.. M5 V Skcfiieczna (R8sKJned 25 Juty 20251 Ms Tanya Riordan MrAndw Porter The R6varéné OrA Rustell Dr Sarah H(Mikway (Chair) Mr John DavpOrt Nlr lan Fairloy MrArunkLmar Plllal Mr ScDIi Leer MT Peter Walsh s Zoe Farrow Mr jcathan Paardekooper Mrs Natafia Pearton IRèsvJned 3 De¢tter 20241 {Rèsignl 1 Dec$rnr 20251 (Resigned 31 MarrA) 20261 IW"nled 7 January 2026) {Appynted 7 January 20261 IApFXX"nteil 1 February 20261 IAwKMnle(115 January 2026 15 January 2026 and rened 14 April 2026) ReGnth7ent andapwnbnI oftmSlee$ The Trustees ale seled fff)m the k)cal ccfflmunity and parenls past P8rents and are appointed for iheir knedge ol thg educelion system and Iheir experpence in bne&S and irKIu51ry. The Trustees are provided wlh suitabl& information and training to enae them to be satisfied that W can lulfil their dulles. The Trustees have rKJ bèneficial inierèst the share cap.ial ol cc•npany. 0ry8rts81KJno1 slwcture TIE Tru51ee3 are reswisible for Ihe overan man8gement and cuitrrA ol the sch) and net regularly lo implÈmént their p)liues regarding the rnnning (leveloFKiient of the Schcd. Al Trnstee mtretings a rewew of the work urKlertaken by the Sctth is considered and discussed. Deasions 3arding poltrcy oxpenditurè a mode a fflaJ¢yity bags. ijay to day running of the scknl B d818gat8d to thè Head and Senior Management Staff. The Head undertakes tha key leadership ro oveF5eeing el1uc41ar, pasto and administratrjn functions iri coTrsullatson wth the Sen staff. Auditor In accordance w¢th the cnmpany's articles. a EBsofull( prop05r4J that SumerAudil be reapp)Inted as auditor of the (x)MpY will be put al a General Meebro. Di5closur• trf Infomiation to auditor Each of the trustees has confirrned thal there is m infonnathm of whith they are aware which ts relevant to audit, r)f Y4hich auditor is unaware. They have further confinrEd that have taken approwiatè stèps to idents.fy such relevant inlorTnalion and to eStalsh that the auditor is aware of such information. The trustees, report. rnduding thè Strateg report. was apr0¥ed by the 8oard of Trustees. Dr Sarah H(K)kw8y ICh#trl Trtte Date.. Ll l£(T£
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees. who are also the directors of Mayville High School Limrted for the purpose of compary law, are responsible lor Pfeparing the Trustees, Report and the financial statements in accoidance with applicable law and United lfj"ngdom Accounting Standards (United Kingdom GenerallyAc¢epled Accounb"ng PTaclicel. Company Law requires the tnjstees lo prepa financial statements for each financial year whith give a true and fair view of the state of affairs of the charity and of the incoming [esour$ and application of $OUrCes, including the incorne and expenditure, of the charitable company for that year. In preparing these financial stalements, the trustees are required to.. select Suitable accounting policies and then apply them (£tnsistently." obSee the melhojs and principles in the Charits"es SORP- make judgements and estimates that are reaSonae and prudent". arKI prepare the finanaal statements on the going concem basis unles5 il is inappropriate to presume that the charity will continue In operation. The Iruslee5 are responsible for keeping adequate accrAJnts"ng records that disdose wlh reasonable aUracY at any time the financial position of the charity and enable them lo ensure that the finanaal statements comply with the Companies Act 2006. They are also responsib for safeguarding the assets ol the charity and hen for taking reasonable steps for the prevention and iÈte¢tion of fraud and other irregulant$ The trustees are responsible for the maintenance and integrity of the chatty and finanaal information included on the eh8rity'S website. Legislation in the United lQ"ngdom goveming the preparab.on and dissemination of financial statements may differ from legislatK)n in other iurisdithons.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED Opinlon We have audited the financial ststements of Maymlle High School Limrted Ilhe '¢harity'l for the year ended 31 August 2025 which comprise the ststement of finanoal a¢lNth"e5. the balance sheet, the statement of ¢ash flows and notes to finanaal statements. including signffic2nt ac¢ountsng policies. The financial retK)rting framework that has been applied in their preparation is applicable law and Unrted Iongdom Accounb'ng Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted AcwJnJ"ng Practice). In our opinion. the finanual ststernents". give a true and lair view of the slate of the charitable companys affairs as at 31 August 2025 ard of ils incoming resources and application of resources, induding its income and expenditure, for the year then ended, have been propedy prepared in accordan wrth United ltingdom Generally Accepted Accounting practi.. and have been prepared in accordance with the requirements of the CompaniesA¢t 20C6. Basb for oplnlon We conducted our audit in accordance wth International Standards on Auditing IUK> IISAS IUKII and applicable law. Our responsibilities under those standards are lurther described in Auditorfs responsibilities forthe auéil of the financial st8Eements section of our report We are Independent of the d)arity in aOrdanCe with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fvifilled our oiher ethical responsibilities in accordance with these requirements We believe that the audrt eden we have obtained is sufficient and appfopriate to Prov a basis for our opinion. Concluslons relaung lo golng con¢em In auditing the financial ststements. we have conduded that the trustees. use of the going conrrI basis ol accounting in the preparation of the financial statements is appropriate. Based on the work we have perforrned. we have not Iden"fied any material nrtaIntieS relating lo events or conditions that, Individually or collectively, may cast significant doubt on the chanty's ability lo continue as a going concem for a period of al least e1ve months from vthen the finanual statements are authorised lor issue. Our responsibilities and the responsibilities of the tnjstees resperA lo going nrn are described in the relevant sections of this report. Other information The other inlorrnation comprises the inforniab.on included in the annual report other than the finala1 statements and our auditor's report thereon. The trustees are responsible for the other Infomation contained within the annual report. Our opinion on the financtal Statements does not cover the other Informabon and, except to the extent otherwise explicitly staled in our report. we do not express any form of assurance condusion Ihereon. Our responsibility is lo read ihe other informab.on and. in doing so. consider whether the other inforrnatioll 15 rnalerially inconslstent wth the financial StateentS or our knowledge obtained in Ihe course of the audit. or otherwise appears lo be mal&nally misslaled If we Identify such malenal inconsistencies or apparerrt m81enal misst8temenls, we are required lo deterrnine whether this gives rise to a material misstatement in Ihe financial statements themselves. If. based on the work we have perfomied. we condude that the is a matenal misstatement of this other information. we are required lo report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the couise of our audit". the information given in the Iruslees. rI for the financial year for which the ffinan¢ial sl*ements are prepare(I, which rn¢lu¢Jes the directors, rewrt and the strategic report prepared for the purposes of company law, is COn51slenl wlh the financial statements-, an¢J the strategic report and the directors. report included wthin the trustees, report have been prepared in accordance wrth applicable legal qUIreMents.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED Matters on whlch we are required to report by exception In the light of the knO%edge and understanding of the charity and tts environment obtained in the course of the audit, we have not Identifi material misstslemenls in the strategic report or the dire¢tors' report Induded wlhin the trustees. report. We have nothing lo report in resped of the followng matters in rdation to which the Companies Act 2006 requires us lo r&port lo you if, in our opinion. adequate accounting records have not been kept, or retLmS adequate for our audrt have not been received from branches nol visited by us. or the financral statements are not in agreement wtth the accounb.ng records and retums". or certain disclosures of Iruslees. remuneration spea'fied by law are not made". or we have not received all the information and explanations we require for our atjdil.. or Re$pon$ibililies of trustees As explained more fully in the stslemenl of Iruslees. responsibilits"es. the trustees. who are also the directors of the chanty for the purpose ol company law, a responsible for the preparation of the financial statements and for being salisfEd that they give a true and fair view. and for such internal control as the trustees delermine is necessary lo enable the preparab.on of financial statements that are free from materTal misstatement. whether due lo fraud or error. In preparing the fjnancial statements. the Iruslees are respons1te fot assessing the charity's ability to continue as a going concern. disclosing. as applicable. matters rdated to going concem and using the going con basis of accounting unless the trustees erther Jnlend to ltr]4Jidate the charitable company or lo cease operations, 01 have no realistic alternative but to do so. Audltorfs responslbllltles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the finanaal slalements as a Who are free from material Tnisstatement, whether due to fraud or error. and to issue an alrt0rfS reporl that Indudes our opinio Reasonable assuran is a high Ve1 of assLtran( is not a guarantee that an audit conducted in accordance wth ISAS (UK} will always detect a material misstatement when it exists. Misslalements can arise from fraud or error and are considered material rf. individually or In the aggregate. they could reaSonaY be expected to infiuence the economic decisions of users taken on the basis of these finanaal statements. Irregularities. including fravd. are In51an of non-compliance with laws and regulations. We design prOdureS in line with our responsibilities. outlined above, lo detect material misstalements in respect of irregularities, including fraud The extent to whith our procedures are capable of detecting iegUlaries. induding fraud, Is detailed below. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance wth Lqws and regulations. our procedures Ided the followng". Obtaining an understarKling of the 81 and regulatory framewo in whi¢h d)e charity operates. f(tusing on those laws and regulations that had a direct effect on the finanrial statements and operations." Obtaining an understanding of the charity's policEs and prOdreS on fraud risks. including thowledge ol any actual. suspected or alleged fraud" and Discussing among the engagement team how and whefe fraud might occur in the fina131 statements and any potential indicators of fraud through our knovAedge and understanding of the charity and our sector- speufic experience. As a sull of these procedures, we considered the opportunities and in¢enbves Ihal may exist wilhiTr the charity for fraud. We are also required lo perform specifjc procedures to resKX)nd to the nsk of management override. As result of performing the above. we IdentIfd the following areas as those mo IFkely lo have an impact on the financial statements_ wmpliance with the UK Companies Acl and Ihe Charibes SORP IFRS102} and the Keeping Children Safe in Education Act.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED In addition to the aVe, our procedures to respond to risks idents.fied inclLKletl the lollowng. Making enquiries of management, about any known or suspecte(l instances of non-compliance wrth laws and regulations and fraud. Revi&wng minutes of ¥neeb"rKJs of the board and senior managemenL" and Auditing thè nsk ol management override of controls. induding through testing joumal entries a1 other adjustments for appropriateness. Due lo the inherent limrtab.ons of an audit. there is an unavoidable risk that some material misslalemenls in the financial statements may not be detected, even though the audrt is properfy ane and Ferfomied In accordance wth the ISAS IUKI. For Instance, the further removed non-compliance is from the events and Iransa¢lions reflected in the financial slalemenls. the less likely the auditor is to become aware of rt or to re(x)gnise the nOn-Mpliante. A further description ol our responsibilities is avajlable on the Finan(ia Reports"ng Counul's website at." https.11 www.frc.org uklaudilor5responsibililies. This descriptson fomis part of oui audrtor's report. Use of our report This report is made solely to the Charitable company's members. as a body. in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitatle company's members those matters we are QuIred to stste to them in an auditorfs repc*rt and for no other purpose To the fijllesl extent pemiitted by law, we do not accept 01 assume reswnsibility to anyone other than the charitable company and the charitable c0ft7pany's members as a bcmjy. for our audst work. for this report, or for the opir#ons we have forrned. Robin Evans BA FCA CTA DChA (Senlor Statutory Auditor) for and on behalf of SumerAudit Chartered Accountants ststuloryAudltor Chichester Sum¢r Audll Is the trading name of Sumer Audltco Limited
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unrestrlcted Restricted lunds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Totsl 202$ 2024 Notes Income and endovmients from: Donations and legacres ctivities 27,652 27,652 1.682,711 17,122 1,699,833 Schwl fees Other educational income Catering and welfare incorne Other income 4,695,136 4,695,136 4,742.743 4,742,743 380.721 380.721 288,138 288,138 134.876 121.866 134.876 121.866 148.068 126,250 148,068 126,250 Invethenls Other income 21.563 21.563 27.647 1,429 27.647 1,429 Total income 5,354,162 27,652 5.381.814 7.016.986 17.122 7.034,108 Teaching costs Premises Welfare 4.565.998 556.290 143.407 17.160 4,583.158 556.290 143.407 4,650.646 582.418 190,699 12,081 4,662,727 582.418 190.699 Total charitablo expenditure 5.265.695 17.160 5.282.855 5.423.763 12.081 5,435,844 Other expenditure 92,502 92,502 111.4731 111,473) Total expenditure 5.358,197 17,160 5,375,357 5,412.290 12,081 5,424,371 Net incomellexpendlturel and movement in funds 14,0351 10.492 6.457 1,604.696 5,041 1,609,737 Ron¢llat1On of funds: Fund balances at 1 September 2024 4.398.435 5.041 4.403.476 2.793.739 2,793,739 Fund balances at 31 August 202S 4,394,400 15,533 4.409,933 4,398,435 5,041 4,403.476 The statement ol financial aclivrties also complies wrth the requirements for an Income and expenditure account unclerthe Companies Act 2006. 10-
MAYVILLE HIGH SCHOOL LIMITED BALANCE SHEEr AS AT31 AUGUST2025 2025 2024 Flxed assèts Tangible assets 12 3.582.933 3,644,811 Current #tIS Stock5 Debtors Cash at bank and in hand 13 14 530.005 1.029.842 347.018 1,276,526 1.560.147 1.623.844 Cr8dltors'. amounts falling du¢ within one year 1S 643.810 716.910 Net current assets 916.337 Tolal assets less currènt liabilities 4.499.270 4,551,745 Creditors.. amunts falling du• aft•r more than one year 16 {89.3371 1148.2691 4,409.933 4,403.476 The fvnds ofhe Charity sha capital Reslricted income luThls unrestrict funds 17 18 1.000 5.041 4,397,435 15,533 4.393.4C#) 4,409,933 4,403,476 l}{£ll6 financBI statements were approved by InJst8as on ............... ........ Hookw8y (Chairl Truslgo Company regtstration numtr 00705392 (England and Wales) 11
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Notes Cash flows from operating activities Cash absorbed by operations 23 (195.6061 183,6461 Investlng actlvities Purchase of tangible fixed assets VAT recovery on tangible fixed assets Proceeds from dispo1 of tangible fixed assets Investment income received (101,6121 28.971 162,2781 7,5 27,647 21.563 Net cash used In Investlng activities 51.078) 127,1311 Net cash used in financing actlvitles N•t decrease in cash and cash equlvalents (246,6841 1110,7771 Cash and cash equivalen15 at beginnirvJ of year 1,276.526 1.387,303 Cash and cash equlvalents at end of year 1,029.842 1,276,526 12-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pollcies Charity informatlon Vtayville High School Limited is a private company limited by shares Incorrmlea In England and Wales. The registered Offi is 35 St Simon's Road, Southsea, Hampshire. P05 2PE_ 1.1 Accounting convention The financial slalements have been prepared in acCOrdar with the charity's deed of Irusl, the Memoran(fum and Articles of Association, the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. I"FRS 1027 and the Charities SORP "Accounting and Reporting by Charities." Slalemenl of Recomrnended Prathce applicabte lo charities preparing their accounts in acix>rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The charity is a Public Benefit Entty as defined by FRS 102. The financial stslements are prepared in sterfing, which is the futIOnal currency of the chanty. Mtsnelary amounts in these finanaal statements are rounded to the nearest £ The financial statements have been prepared under the historical cost Convention. The principal accounting poliaes adopted are set out below. 1.2 Golng concem At the b.me ol approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to ¢onlinue in operational eSten for the foreseeable future Thus the trustees ¢ontinue to adopt the going concern basis of acLLiunting in prepanng the finan(ial slatemenls. 1.3 Charitable funds Unrestncted funds are available for use al the drscreh.on of the trustees in furtherance of their charitable objecb'ves. De&gnated funds comprise hjnds which have bn set aside al the discretion of the trustees for specific purposes. The purposes and uses olthe design*ed funds a set out in the notes lo the financial siatements. RestTiCted ftjnds are subject to specific 0)nd0$ by donors or grantors as to how they may be used. The purposes and uses of the restri¢ted funds are set oui in the notes lo the financial slalefflents. 1.4 Income Income is recognised when the tharity is Jegally entiued to it after any perfr)miance condilK)ns have been met. the amounts can be measured reliat4y. and it is probable that income will be received Cash donations a recognised on rlPt. Other donatE(ffts we recognised once the charity has been notified of the donation. unless performance condibons require deferral of the amount. Income tax recoverable in relation to donations received under Giftmd or deeds of covenant is iecogni5ed al the time of the donation Donated goods are measured al their fair value. ijnkss impractical lo measure the fair value reliably. Goods donated for on-going use by a charity in carying out ils activities are recognised as tangible fixed assets with the corresponding gain recognised as Income from donations wrthin the SOFA. In comrnon wlh any other tangible assets. donated goods held as tangible fixed assets musl be subject to depreaation or amortisabon and assessed for indralions of thwr irnpairmenl al the reporting date. 13-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies {Continuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive OlgatiOn to transfer economic benefit to a third party, it is probable that a transfef of ecorKJmic benefits will be required in setttement, and the amount of the obligation can be measured reliaNy. Expenditure is classified by actj'vty. The $1$ of each ath.vity are made up of the total of dir&1 costs and shared costs, Including support costs involved in undertaking each a¢tivty. Dire¢l costs attribLrtable lo a single activrty are allocated direthy to that activty. Shared costs lch contnbLJte to more than one activity and support costs whith are not attributable to a single acbvity are apporb'oned between those activit*s on a basis Consistent with the use of resources. Central staff costs ale albcated on the t1$ of time spent, and depreoation charges are allocated on the portion of the asset's use. 1.6 Tanglble tixed assets Tangible fixed assets are initially measured * cost and subsequenuy tneasured at C051 nel of depreciab.on and any irnpairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and building5 Leasehold land and buildings Property improvernents Fixtures and fittings Minibus 2% on cost per annum 20A on cost per ar)num 20A on Cost per annum 100 /0 on cost per annum 25,/0 reductng balance per annum The gain or loss arising on the disF)osal of an a55el r5 determined as the differere befvleen the Sale prOedS and the carying value of the asset, and is recognised In the slatemenl of Iinancral activities. 1.7 Impairnient offixed assets At each reporting end date, the tharity reviews the carrying amounts of tts tsngible assets lo determine whether there is any Indiealion that those assets have SUffed an impaimienl loss. If any such indcalion exists. the recoverable amount of the asset Is estsmated in order lo determine the extent of the Impairment k)ss lif any). 1.8 Cash and ¢ash ¢quivalents Cash and cash equivalents include cash in hand. deposits held at call wth banks, other short-lemi liquid investrnents with original maturities of three months or less. and bank overdrafts. 1.9 Flnancial instruments The charity has elect to apply the provEsions ol Sedion 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of rts finanual instwmenls. Financial instrurnents are rOgnIsed in the charity's balance sheet when the charity becomes party to the contractual provisons of the instrument. Financial assets and liabilities are offset. vKth the net amounts presented in the finanaal Statements. when there is a legally enforceable right lo sel off the recognised amounts and there 15 an Intention lo settle on 8 nel basis or to realise the asset and settle the liability simultaneously. 14-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pollcles Icontinuedl Basic linancial assets Basic financial assets. which Indude debtors and cash and bank balances, are initially measured at transaction pri induding transaction costs and are subsequently carried al arnortised cost using the effective interest method unless the arrangement conslitules a financing transaclion, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets dassified as receivable wthin one year a not amortised. 8asie financial liabilities Basic financial liabilities. induding credrtors and bank loans ale initially re¢tyJnised at tnsact pri unless the arrangement constitutes a finanung Iransacbon, where the debt inslrumenl is measured at the present value of the future payments discounted al a market late of interest. Financial liabilities dasssfied as payable within one year arè not amorb.sed Debt instruments a subsequentty camed at am0"Sed cost, using the effective interest rate method. Trade creditors are OblallonS to pay for goods or seNicEs thal have been acquired in the ordin¥y cotsrse of operations from suppljers Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as nOn-rrent Iiabilits"es. Trade credrtors are recognised initially al transaction price and subsequentty measured at amortised cost using the effective Interest methDd. Derecognition of financial liabilities Finanaal liabilities are derecognised when the charity's contractual oblig'ons expire or are discharged or cancelled. 1.10 Taxation The charity is exempl from corporation tax on its Charitab activities. 1.11 Employee benefits The costs of short-lerm employee beneffts are rec(NJnised as a liakn.lity and an expense. The cost of any unused holiday entrtjement Is recA)gnised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the tharity is demonstrabty committed to terminate the employment of an employee or lo provide lemiinats.on benefits. 1.12 Retirement benefits Payments to defined ¢onlnbution retirement benefft schemes are charged as an expense as they fall due. Crttlcal accountlng estimates and judgemènts In the applicaknon of the chaiity's accounting policies, the ITUStees are required lo make judgements, estimates and assumptions aboLtt the carrying amount of assets and liabilities that are not readity apparent from other sources. Tre esbtnates and associated assumptions are based on historical experience and other factors that are Considered lo be relevant. Actual resulls may drffer froffi these emates The eslimales and ¥Jnderfying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which the estimate is revised where the rewsion affects only that period, or In the pe0d of the reOn and future penods Whe the revision affects both current and future periods. 15-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Incomè Irom donations and lggacles unstrICted Restricted funds funds 2025 2025 Totsl Unrestr1ed Restrkted funds funds 2024 2024 Total 2025 2024 Donations and gifts Government 9ranis 1.682,711 1.682,711 17.122 27.652 27,652 17.122 27.652 27.652 1,682,711 17,122 1.699,833 Donatlons and gifts Mayville High Schcx)I Trust - iransfer of freehold property Mayville High Scho Trust Other 1.650.000 1.650.000 32.500 211 32,500 211 1,682,711 1.682,711 Grants receivable for core activities SENDIF 27.652 27.652 17,122 17,122 27.652 27,652 17.122 17,122 16-
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MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Charitable actlvltles Icontinuèdl For the year ended 31 August 2024 Caterlng and Other income inrotrE welfare inc8 Totsl 2024 School fees Private tuition income Afterschool clubs BursaTres, discounts and scholarships Exam lees Catering and welfare Other income 5,773.678 5.773.678 227,374 43,760 227.374 43.760 {1,030.9351 11.030.9351 17,004 148,068 126,250 17.004 148.068 126,250 4.742,743 288,138 148.068 126.250 5,305,199 Analysis by fund Unrestncted funds 4,742.743 288.138 148.068 126,250 5,305,199 8ursaries, dlscounts and scholarshlps Bursaries and allowance5 1289,051} Scholarships (475,4801 Sibling discounts 1147,5791 Staff discounts 1118,8251 {289,0511 {475,4801 1147.5791 1118.8251 11.030.935) 11,030,935) Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest r1Vable 21,563 27,647 18-
O ¢D fw (o ¢ry io o (y tr) o¢0 ) LOO ¢0 v) 0> Tri In v o fo ¢5) o ¢Tr IN Iri o (5) CQ ) cry ( on¢om* Or ai ¢00 ui¥) v o) ti tr) (n (r r£ a cr (L LU U c c o) ) f)
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support costs allocated to a1vIlle$ Teaching costs 2025 Total 2024 Staff costs Oepreuats'on Printing 8 Stationery Postage & camage Telephone Advertising General insurances Licences & subscripb'ons Staff training Computer expenses Aftercare expenses Donations & charitsble payments IrCoVer4b1e VAT Pre regislrali(N) VAT recovered on hjlty depreciated fixed assets Goveman 432,946 134,519 45,633 2,505 5,227 77.460 67.615 27,780 11.093 76.395 7,766 13.878 9.301 113,4291 135,748 459,188 124.521 60,117 2,880 4.141 111,293 48,747 21,938 33,269 85,041 14.569 12.OOQ 152,115 1.034.437 1,129,819 2025 2024 Governance costs comprlse.. Audit fees Accountancy Legal and professional ISI Inspections 11.285 10,879 104.406 9.178 10,865 8,808 126,349 6.093 135,748 152.115 Other costs Unrestricted Unrestrided funds funds 2025 2024 Bad debts HMRC Interest payab Financing costs 79.925 1.356 11,221 115,3121 3,839 92.502 111,4731 -20-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Trustees None of the trustees lor any persons connected wth them) r1Ved any remuneration or benefits from the charity during the year. No expenses were reimbursed to Iruslees during Ihe current or comparative perK)d 10 Ernployees The average monthly number Ofem[Oyees duriNJ the year was.. 2025 Nurnbgr 2024 Number 125 127 Ernployment costs 2025 2024 Wdges alld salaries Social secunty costs Other pension Costs 3,639.364 329,637 135,728 3.564.635 293.155 146.978 4.104,729 4.004,768 Teiminalion payments lotalling £5.781 12024.. £25.0001 were made in the reporbng perKJd. The number ofemployees whose annual remunerats.on was more Ihan £60,000 is as follows." 2025 Number 2024 Number £SO,000- £70.000 £80 000- £90.000 £100.000 - £110,000 Contributions lotalling £5.21412024." £8.2451 were made to defined conknbution pension schemes on beha of empt)yees whose emoluments exceed £60,000. Remuneration of key management personnel The remunerats.on of key management p*rsonnel is as follows. 2025 2024 Aggregate compensation 569.090 583.854 21
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 11 Taxatlon The charity is exempt from taxation on tts a¢b"vib"es because all its income is applied fof charitable purposes. 12 Tangible fixed assets Freehold land Leasehold Property Fixtures and aTrJ tmjlldings Land aThJ impro¥trmÈrts ftting5 Total Cost At 1 September 2024 Additions VAT recovery 3,811,985 24.576 965.420 66,868 (28.971} 1.026,669 34.744 80,094 5,908,744 101,612 {28.9711 At 31 August 2025 3.811,985 24,576 1,003.317 1,061.413 80.094 5,981.385 Depreclation and Impairnient At 1 Seplembei 2024 Depreciation charged In the year 756.377 24.576 390.282 1,026.669 66.029 2,263.933 76,240 20,019 34.744 3.516 134,519 At 31 August 2025 832.617 24.576 410,301 1.061.413 69,545 2.398,452 Carylng amount Al 31 August 2025 2,979.368 593.016 10,549 3,582,933 At 31 August 2024 3.055.608 575.138 14,(5 3,644,811 13 Stocks 2025 2024 Finished goods and goods for resale 300 300 14 Oebtors 2025 2024 Amounts falling due within one year- Trade debtors Other debtors Prepayments and accrued irthme 299,208 94.619 136.178 204,116 64,768 78,134 530,005 347.018
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGusf2025 15 Credltors.. amounts falllng due wtthin one year 202S 2024 Other taxation and social seujrity Payments received on acCnt Trade Creditors Pupil deposits Other creditors Accruals and deferred income 79.313 148,914 107,093 162.648 104.442 41.400 87,279 279.493 86.482 147,600 81,175 34,881 643,810 716.910 16 Creditors-. amounts falling due after moTr than one year 2025 2024 Payments received on account other creditors 42,414 46.923 148,269 89,337 148,269 17 Share capltal 2025 2024 Ordlnary Share capitsl Issued and fully pald 1.000 Ordinary of £1 each 1,000 1,000 18 Restrlcted funds The ie5tricted fvnds of the charty compnse the unexpwKled balances of donations and grants hdd on trust subiecl10 specific mndilions by d(orS as to how they may be used. At1 September 2024 Incoming sources Resources At 31 August expended 2026 SENDIF Grant 5.041 27.652 117,1601 15.533 Previous year. At1 September 2023 Incoming resources Resourcès At31 August expended 2024 SENDIF Grant 17,122 112.081) 5,041 -23-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 18 Restricted fund5 Icontlnuedl Special Educational Needs Inclusion Funding {SENDIFI has been received to support children wrth leaming and developmental delay or SEND. The furKliThJ is for use the earty years and is paid lo the School lo support the children's identified needs. 19 Unrestricted funds The unrestricted funds ol the charity comprise the ur7expended balances of income which are not sthject to specific conditions by donors and grantors as to how they may be used These in¢lude designated fijnds which have been set aside OLrt of unrestricted fvnds by the trustees for speafic purposes. At1 September 2024 IncomlTrg resources Resources oxpend Transfers At 31 August 202S SctDlarship Reserve MUGA reserve General funds 285.000 50.268 4,(2.167 285.000 44,268 4,064,132 16,0001 6,000 5.354.162 15,358,197) 4,397.435 5.354,162 15.358.197) 4,393,400 Prevlous year: At1 September 2023 Incoming rèsources Resources expended Transfers At 31 August 2024 Scholarship Reserve MUGA reserve General funds 285.000 56,268 2.451.471 285,000 50.268 4.062.167 16,0001 6.000 7.016.986 15,412.290} 2,792,739 7.016.986 15,412,290) 4.397,435 20 Analysis of net assets betr4een funds Unrestricted funds Ilncludlng share capital) 2025 Restricted funds Total 2025 2025 Fund balances al 31 August 2025 are representwl by= Tangible assets Current assets Long temi liabilrties 3.582.933 900,804 189,3371 3,582,933 916,337 189.3371 15.533 4.394.400 15,533 4,409,933 -24-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 20 Analysis of net assets between funds (Continued) Unrestrfcted fvnds lincluding share capital) 2024 RestrScted funds Total 2024 2024 Fund balances at 31 August 2024 are represented by: Tangible assets Current assets Long term liabilities 3.644.811 901.893 1148.269) 3.644.811 906.934 1148,2691 5.041 4.398.435 5,041 4,403,476 21 Operat5ng leas8 commitinents Lessee At the repo.ng end dale the charity had ouistanding commrtments for fvture minimum lease payments under non-cancellable operating leases, which fall due as fdlows.- 2025 2024 Within one year Beiween and five years 57,021 79.315 68.425 154,698 136,336 223,123 Lease payments recognised as an expense during the year are £54.91012024- £69,601). 22 Related party transactlons Transactions with lated parties Dunng the year the charity entered into the followng transadrons wlh related parties.. ayville High School Trusl The Tfust transferred three properties 22 November 2023 to Mayville High School Limited. In the 2024 year this was ITeated as a donabon from the Trust of £1.650.000 There We also other donations from the Trust of £32,500. The Trust has now been dissolved and there We no fvrther transactions during the year ending 31 Augu512025. -25-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 22 Related party transactions (Continued) Mayvlllg High School Trustees Reverend Anlhony Rustell, a tnjstee of Maywlle High School unts"13 December 2024. was also a fee paying parent There was £325 owed by him to the School al 31 August 202512024.. £3251. Peter Walsh. a trustee of MayvIl High School from 7 January 2026, was also a fee paying parent. There was £3,410 owed by him lo the school al 31 August 202512024. £nill. 23 Cash generated from operations 202S 2024 Surplus forthe year 6.457 1,609.737 Adjustments for". Investment incorne recognised in statemenl of financial activrties Gain on disposal of tangible fixed assets Freehold property donated by the Trust Depreciation and impaitment oltangle fixed assets 121.5631 127,$471 (1,4291 11,650,000) 124,521 134.519 Movements in working capital". Ilncreasel in debtors IDecreasellincrease in credrtors 1182.9871 1132.0321 1165.1371 26.309 Cash absortjed by operatlons 1195,6C61 183,6461 24 Analysis of changes in net fvnds The ¢hanty had no material debl during the year. -26-