Charity registration number 297797 IEngland and Wales) Company registration number 02161405 PARK SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
PARK SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Councll of Governance Nathan Gribble Melody Easter Sarah Veveers Andrea Cates Fiona Woods Louise Gilmour Sarah Reevell (Appointed 30 September 20241 (Appointed 30 September 20241 (Appointed 7 July 20251 (Appointed 27 January 20251 Charlty number 297797 Company number 02161405 Registered office and principal address Park Road Dartinglon Hall Totnes Devon TQ9 6EQ Independont examiner Jason Milden FCCA Dainells Chartered Accountants 30 Fore Street Totnes Devon TQ9 5RP Bankers Cooperative Bank PLC P.0. Box 101 1 Balloon Street Manchester M60 4EP NS&I Glasgow G58 1SB Senlorstsff momb9r who has bgen delegated responsibility of day to day management Laura Hare IHeadlea¢herl
PARK SCHOOL CONTENTS Page The Counal Of Governance's report Independent examine¢s report 11 statement of financial activities 12 Balance sheet Stslemenl of cash flows 14 Notes lo the financial statements 15-27
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The Council of Govemance present their report and financial statements for the year ended 31 August 2025. During 2024-2025, thè school continued lo strengthen ils provision and governance following the leadership changes made in the previous year. The school experienced a period of adminislralive transition following the departure of the School Business Manager in October 2024. In response, the school reviewed its operational needs and ¢realed a part-time administrative assistant role lo support key functions and appointed a part-time Bookkeeper to manage school accounts, finances and payroll. The school educated 61 chlldren, including 14 In Early Years. and continued lo develop ils inclusive practice, with 4 puplls holdlng Educatlon. Health and Care Plans IEHCPSI. There has been a notable increase in children presenting with dyslexic learning profiles and with characlerislics associated with Pathological Demand Avoidance IPDAI. which has informed the school's SEND priorities for the year. The financial slalements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum & Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice for charities applying FRS102. ObJectlv&s and actlvltles Park School is a registered charity whose object is to advance education for the public benefit by providing an alternative, broad and balanced, values-led curriculum for children aged 3-11. The charity's objective is lo promote and provide for the advancement of education and in connection IherewV(h to conduct, carry on. acquire and develop in the United Kingdom any boarding or day school or schools for the education of children of either sex or both sexes. Aims and ob'eclives The charity's objectives remain unchanged. The schoDI exists to provide a learning environment that addresses the social, emotional, intellectual, physical, spiritual and creative needs of each child, helping them to realise their unique potential. The school welcomes children of all cultural backgrounds and beliets. The school aims to provide an environment in which learning is "adventurous, fun, relevant and lifelong" 11 seeks to nurture pupils so they develop a strong sense of self, build healthy relationships, and grow as compassionate, empowered citizens. The ISI inspection affimied this ethos, noting.. °Leaders have established an inclusive and harmonious environment where pupils are supported pastorally and academically. The sch¢x)I provides Human Scale Educatlon for chlldren aged 3 to 11 yeats, offering an alternative education model grounded in democratic processes, holistic development, nature-based learning, relational practice and strong community values. The school's aims are lo.. Provide a human-scale education geared lo the holistic development of all pupils. 2. Create an environment that encourages in children and staff a sense of responsibility and mutual respect through democratic processes. 3. Ensure children use the outside spaces lo understand, enjoy and respect nature, forming a strong basis for environmental education. Foster a strong sense of community amongst stsff, children and parents. 5. Support children lo grow into self-aware. confident individuals. 6. Create an environment where learning is adventurous, fun, relevant and lifelong. Provide a learning environment that enables children to meet their academic polenlial, taking into account individual developmental needs. Promote an alternative education model intemalionally for Human Scale Education. 9. Provide a strong environmental education which promotes deep natu eonnection and generatiVe thinking.
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 These objectives guide all the activities undertaken by the school and infomi the trustees oversight of the charity's work. Ob'e¢tives for the ear In 2024-2025, the school focused on strengthening.. devising two year cycle Project Based Curriculum coherence and progression assessment systems SEND provision relational practice and belonging eady years development safeguarding and Complian community engagement The Council acknowledges that initiatives are p8rt of a 3 year development plan under the new leadership and is committed to continuing to find innov81ive ways in supporting the vision and slr81egic developfnenl of the school. Charitable educational activities The activity of the company continued to be the provision of education lo children and 172.5 leaching days took place, all undertaken in the context of ftjlfilling these objectives. The school provides Human Scale Education for children aged 3-11, offering an alternative model grounded in democratic processes, holistic development, nalure-rooled Projed Based leaming and strong community values. The school educated 61 pupils, including 14 in EYFS, and welcomed children with a wtle range of needs and abilities, including 4 pupils with EHCPS. Staff observed an increase in dyslexic learning profiles and PDA-lype presentations. informing tsrgeled SEND development. ISI Inspectors recognised that.. 'A cuf(ure exists that allows for personalised attention, with a tailored educational joumey for each pupil utilising the natural environment well. Public benefit The trustees confirm that they have had due regard lo the Charty Commission's guidan on public benefit when reviewing the school's aims and planning future activities. During 2024-2025, the school delivered a wide range of actr'vitr'es that provided benefit lo the wider community, not only to enrolled pupils. These included.. Open Days throughout the year, welcoming prospective families and members of the public. Winter and Summer Fayres, which brought together families, local artisans, and community members. Communty Work Party Days. enabling volunteers, parents and supporters to contribute to the upkeep and development of the school grounds. Parent and Toddler Nature Connection Sessions during the summer months, offering outdoor learning experiences for families beyond the school community. U$9 of the $ltg by communlty groups lo deliver creative workshops and activities for local residents.
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Volunteering placements for alternative educ4lion practitioners and pre-PGCE students, supporting professional development and widening access to Human Scale Education. Young Dartlngton Camp. hosted on the school site for weeks during the summer, bringing young people into nature and comrnunal living while participab'ng in outdoor and adventurous activities in the local area. Intemational host placements, wth the school accommodating visf(ing children from abroad lo support intemalional links, cultural exchange, and engagement with local educational inilialives. Support for $tud9nl$ attendlng and worklng wllh Schumacher Colleg9. Strengthening the school's connection to local educational institutions and contributing lo wder learning neOrkS. Bursary support for families, particularly in spOnse lo the introduction of 200A VAT on school fees, ensuring continued access for children regardless of financial circumstsnces. Achievement of the Eco-schools International Green Flag Award and the RHS School Gardening Award (Level Sl, recognising the school's commitment to environmental education and community engagement. Partnerships with local secondary schools, supporting transition and shared leaming opportunities. Multlplg par9nl workshop$, including a$$ lo free parent ¢oa¢hing through the school's network. These activities demonstrate the school's Commitment to serving the wider community and ensuring that ils educabonal and environmental ethos benefits a broad range of people. A¢hlgvemgnts and pgrfom)an¢g Chairfs statement Following the resignation of Co-chair Rebecca Giraud in July 2024, the school did not have Co-chairs during this academic year. Governance continued under a single Chair, Melody Easter. Chalr's Statement.. Through our inspection in January 2025 the Independent School Inspecforate pn)vided validation that Park School is a good school in every aa. The TSteeS acknowledge the hard woth and sacrifice made by all staff alongside the support 8ndloy8lty of ils families. Next ye8r Park School kvill celebrate its 4 birthday- making it one of Biitain's longest sufvNwing small alternative independent schools. We recognise this is a milestone event and look to c&pitalising on the event as a matheting strategy forgrowth. Th& introduction of VAT on fees will continue to test us SeVely. Matheting and dillnt management will bg our corn&rstones for suThival. Curriculum develo ment and a¢hievements The school made strong progress in curriculum development during 2024-2025, marking 8 shift from consolidation to deeper innovation and enrichment. This year was the first year of the school'5 new two-year project-based curriculum cycle, in which every project is designed lo culminate in an outcome rooted in the school's three fundamental values.. Self Care, People Care and Earth Care. This values-led structure has slrenglhened coherence across the curriculum and ensured that leaming is purposeftjl, relational and grounded in service to the community and the environment.
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 A signrficant achievement this year was the completion of the two-year bespoke environmentsl education curriculum, which Inlegrales learning within the school grounds, the wider Dartinglon Estsle, and the Tolnes locality. This curriculum is built around themes of birds, trees and plants, enabling children to develop deep ecological understanding and a strong sense of place. The environmental curriculum was woven into the project-based cycle. with each project drawing on local ecological themes and culminating in outcomes that reflected the school's core values. Across all four classes, children engaged in rich, values-focused projects that combined acadernic leaming wf(h creativity, environmental awareness, and democratic participation. Trips and experiences were enhanced through thè use of sustainable transport methods, and teachers increasingly in¢orporaled Children's passions and interests into planning. A stsndout project this year was"Nature and the LaW', undertaken by the eldest class. As part of this work. pupils travelled to Bristol lo lake a boat tour of signifi¢ant demo¢rati¢ landmarks. including the site where Grela Thunberg delivered her climate change speech. They then visited a family court, taking on roles in a mock case exploring social media use and peer bullying. This project extended into collaboration with Sharpham Estate and rewilding projects in the school grounds. Projects culminated in presentations delivered to younger pupils and parent5, demonstrating strong cross-age leaming, civic engagement, and thoughtful reflection on digital citizenship. The curriculum is now fully mapped, with a clear structure ensuring Coverage of all mandatory leaming within the British National Curriculum. alongside a strong emphasis on PSHCE, environmentsl education. and Human S¢ale Education principles. Partnerships were strengthened lo enhan learning OPPDrtunib'es, including work with.. local museums the public library councillors and local politicians residential homès local servi$ such as the fire service climate change activists and environmental organisations These partnerships enriched children's experiences and broadened their understanding of their community and the wider world. ISI inspectors noted.. 'An appropriately balanced curriculum.. promotes ¢uriosty, collaboration and independent thinking. Measurin Success and assessment The school continued lo develop Its assessment programme across all curriculum strands. Vvhile the full assessment framework is still being refined, significant progress has been made in establishing consislenl approaches lo monitoring children's leaming and development. This year saw the introdudion of more syslemalic tracking of progress and attainment in phoni¢s, reading, writing and mathematics. Early data indicates clear improvements in children's progress, particularfy in phonics. reading and maths, reflecting the impact of strengthened teaching, targeted interventions, and improved curriculum coheren. Monitoring of learning across the school- including lesson visits, book looks, and pupil voice- showed.. increased pupil engagement stronger progression across seqUenS of leaming improved confidence and independence in core subjeds
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The school will continue to refine ils assessment systems in 2025-2026, with a focus on". completing the full assessment framework strengthening moderation embedding dala-informed teaching ensuring developmental readiness remains central to practi SEND develo ments The school continued to strengthen ils provision for pupils with Special Educational Needs and Disabilities ISENDI during 2024-2025, building on the foundations established in the previous year. The SEND profile of the school included four pupils with Education, Health and Care Plans IEHCPsl. alongside a wider group of pupils receiving SEND Support. The school has seen an increase in children presenting with dyslexic leaming profiles and with characteristics associated with Pathological Demand Avoidance IPDAI. This has informed both staff training and the development of targeted support strategies. A key focus this year wa5 the improvernenl of early identification, particularfy in relation to dyslexia and specifie lèarning differences. Staff training, screening tools, and closer monitoring of progress in phonics, reading and writing contributed lo earlier and more accurate identification of need. This work has supported the development of tailored inletvenlions and strengthened communication with families. SEND provision was further enhanced through the school's bespoke environmental education curriculum, which offers multiple entry points for children with diverse learning needs. Outdoor learning, sensory-rich experiences, and flexible groupings supported pupils, engagement, regulation and confidence. The curriculum's emphasis on nature, community and hands-on leaming proved particularly beneficial for pupils with social communication needs and those requiring reduced demand environments. The school continued lo refine ils assessment programme, enabling more consislenl monitoring of progress for pupils with SEND. lfvhile the full assessment framework is sb'll being developed, the introduction of more syslemalic tracking in phonics, reading. writing and maths has already provided clearer insight into individual progress and areas requiring support. Monitoring across the school showed improvements in children's progress, especially in phonics, reading and maths, reflecting the impact of strengthened leaching and targeted interventions. The ISI inspection in January 2025 recognised the school's commitment lo Indusive practice, noting strengths in curriculum design, the quality of ielationships, and the support provided for pupils, personal developTllenl. ISI noted.. °Teachers make effective use of skilled teaching assistants... enabling pupils who have SEND to receive the support they need and make good progress." The school will continue to develop its SEND provision in 2025-2026, with priorities including.. strengthening dyslexia-infomied practice embedding consistent approaches for pupils wth PDA-type profiles strengthening staff knoedge and training in ADHD and Autism enhancing communication with families through clearer support plans and review processes continuing lo develop inclusive leaming opportunities Financial review To support financial ¢ontinuty and strengthen intemal controls, the sch¢x)l appointed a part-lime Bookkeeper wi(h responsibility for managing accounts, payroll and day-to-day financial processès. This role has provided stability during a period of administrative transition and has ensured that financial reporting and payroll functions remain accurate and timely.
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The financial position of the school iemained stsble during 2024-2025, despite a challenging national context for independttnl schools and the Introduction of 200/0 VAT on school fees. The trustees continued to monitor income and expenditure closely throughout the year lo ensure the long-lerm suslainabilily of the charity. Total income for the year was £643.914 12024.. £501.4891 with £621,01712024.' £484,272) being for net h0o1 fees and associated income. Restricted income amounted to £100.647 12024.. £27,639) arising from special needs fees. Unrestricted income amounted to £543,267 12024.. £473,850). Total expenditure for the year was £598,470 12024.. £627,365) reflecting the costs of staffing, curriculum delivery, sile maintenan, and essential operational functions. The school continued lo invest in ils environmental education curriculum, outdoor learning spaces, and improvemènts lo teaching and leaming. Restricted fund expènditure amounted lo £100,64712024". £27,639) and unreslricled fund expenditure was £497,82312024." £599,726). The school maintained ils commitment lo assIbIlity through its bursary and discount programme. supporting a significant number of families. particularly in response lo the financial pressures created by the introduction of VAT. Vvhile this support reduced fee income, the trustees consider it an essential part of the school's charitable purpose and public benefit. Staffing costs remained the largest area of expenditure. The departure of the School Business Manager in October 2024 resulted in a review of administrative slruclures, wlh the school introducing a part-time adminislralive assistant role lo support essential functions. This change contributèd to a more sustainable staffing model while ensuring continuity of operations. The school moved from The Teachers, Pensions scheme to align all stsff with pensions held with Nest lo enable a reduction in the staffing expendrture. The trustees continued to monitor cash flow carefully throughout the year. Regular financial reporting, oversight by link trustees, and strengthened intemal controls supported effective financial management. The trustees remain mindful of the financial pressures facing the sector and will continue to priorib.se prudent financial planning, careful monitoring of expenditure, and exploration of additional income streams, including grants, partnerships and community fundraising. Reserves The trustees review the charity's reserves position regularfy throughout the year to ensure that the school remains financially stable and able to respond to unforeseen circumstances. The reserves policy is designed lo protect the school from fluclualions in income, unexpected expenditure, and wider economic pressures, while supporting the long-lerm sustainability of the charity. The trustees aim lo maintain free reserves lun$trICted funds not tied up in fixed asselsl al a level sufficient to cover twelve months of core operating costs and lo cover an In extremis designated fund for financial commitments in such circumstsnces. This level is considered appropriate to ensure the school can continue to operate in the event of temporary reducty'ons in income, unexpected stsffing or sile costs. or other financial risks. At the end of the financial year, the charty held free reserves of £208,66512024.' £159,113). This is below the target level sel out in the reserves policy. Where reserves fall below the largel, the trustees implement a plan lo rebuild reserves through careful financial managemènt, monitoring of expenditure, and review of incomè streams. Wherè reserves exceed the tsrgel, the trustees consider how best to allocate funds to support the school's strategic priorities and charitable objectives. The trustees remain mindful of the financial pressures facing the sector, including the introduction of 20Qh VAT on school fees, rising operational costs, and the school's commitment to maintaining a bursary and discount programme to support accessibilty. These factors reinforce the importance of maintaining an appropriate level of reserves lo safeguard the charity's future. The reserves policy will continue to be reviewed annually to ensure it remains appropriate in light of the school's financial position, risk profile and strategic priorities.
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Risk mana ement The school has Considered the principal risks lo which it is subject and has tsken adequate steps lo miligale those risks. These include an annual review of the financial risks the school may face and the implementslion of satisfactory prOdureS lo ensure that the school offers a safe and constructive environment for children. Key controls include regular risk assessment checks of all areas and regularfy reviewed policies, which are available to parents, the Independent Schools Association and other interested parties. The Council of Govemance is always conscious of the need for the school lo operate within its available financial resources and lo have adequate working capital. The principal risks identified during 2024-2025 induded.. Safeguarding Safeguarding remains the highest priority. Regular audits, policy updates, stsff training and oversight from the Safeguarding Trustee and in collaboration with Devon Safeguarding Team and Safeguarding Network lo ensure that slatulory requirements are met and that safeguarding pradice remains robust. The school continues to strengthen its Culture of relational safely, recognising that children's wellbeing and sense of belonging are foundational tD effective safeguarding. Financial Sustainability The introduction of 20 % VAT on school fees, rising operational costs and a high bursary load continue to pla pressure on the school's financial position. Trustees monitor cashflow closely. review expenditure and ensure that financial decisions support long-lerm sustainability while maintaining the school's charitable purpose and commitment to accessible Human Scale Education. Stsfflng Capaclty and Wellbelng The departure of the School Business Manager in October 2024 highlighted the vulnerability of a small administrative team. While the introduction of a part-time adminislralive assistant and Bookkeeper have slabilised capacity, stsffing remains a key risk due to the school's relational, high-adull-presence rllodel. The school's Commitment lo belonging, co-regulalion and Ir8uma-aware practice requires skilled, emotionally literate staff, making recruitment and retention essential to maintsining quality and ethos. Admissions and Pupil Numbers Admissions remain a significant factor in financial planning. The Iruslees monitor pupil numbers closely and review marketing, community engagement and admissions processes to ensure a stable pipeline of families aligned with the school's values. The school continues lo strengthen ils visibility through community events, project exhibitions and parent engagement. Compliance and Regulatory Requirements The school operates within a complex regulatory environment. Policies, procedures and training are reviewed regularly to ensure compliance with safeguarding. health and safely. data protection and independent school standards. The ISI inspection in January 2025 provided external assurance of compliance and highlighted areas of strength, while also informing ongoing development. Health. Safety and Premises The age and nature of the site require ongoing attention to maintenance, safety checks and risk assessments. Planned improvements lo indoor spaces, including relocating the administrative Offi lo a more front-facing and visible position, will strengthen safeguarding and enhance the school's capacty lo welcome families and manage daily operations effectively. The trustees will wntinue to monitor these risks closely and ensure that appropriate mitigations are in place to protect the charity's beneficiaries, uphold the school's ethos and secure long-temi sustainability.
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Plans for future period$12025-261 The strategic focus for 2025-2026 is lo dèepen the school's commitment to belonging as a transformational practlce, recognising that children leam best when they feel safe, connected and understood. This work will be grounded in a ScienInfomled understsnding of behaviour as communication. nervous system regulation. trauma-aware practice and relational safely. The school will ¢onlinue lo refine ils behaviour and wellbeing policy to reflect this approach, ensuring that staff are equipped with the knOedge, tools and confidence to respond to children's needs with attunement, curiosity and compassion. Daily routines will Increasingly incorporate embodied regulation practices, including yoga, mindfulness, music, movement and guided reflection. These practices wll support children to develop self-regulation, emotional literacy and a deeper sensè of personal connection. Reflection and feedback will become part of the daily learning language. enabling children lo understand themselves as learners, build intrinsic motivation and strengthen their relationships Mrith peers and adults. Alongside this relational and wellbeing focus, the school will continue to develop its curriculum. Priorities for 2025-2026 include strengthening the literacy policy, particularly writing, through a blend Df multi-sensory approaches and systematic, scienc&infomied programmes. The school will embed Year 2 of the projecl-based curriculum cycle, ensuring that projects culminate In meaningful outcomes rooted In the school's core values of Self Care, People Care and Earth Care. The school will deepen Its provision in PSHCE, enhance pupil voice and presence across celebrations and events, and introduce a weekly Community Time lo strengthen mixed-age relationships and support social development. The schoDI will also focus on strengthening MFL (Spanish). Music and PE, improving the quality of learning, resources and experiences to deepen children's connection to these subjects and ensure a broad, balanced and ambitious curriculum. In SEND, the school wll continue lo develop stsff expèrtise in autism and ADHD, embed the use of leamer profiles across the school, and strengthen co-regulation slralegies. Targeted inlervenlions such as movement groups and Talk Clubs will be further developed lo support children's individual needs and sense of belonging. Operational priorities include improving indoor Spa$, with a particular focus on relocating the administrative office to a more front-fa¢ing and welcoming position lo enhan safeguarding and a¢$s1b111ly. This worf( will support the school's commitment to creating environments that reflect its values and strengthen community connection. The trustees remain committed to ensuring that governance, staffing and financial planning continue to support thè h0o1,$ ethos and long-lerm sustainability. This includes ongoing review of administrative sltuctures, safeguarding oversight, and strategic planning in response lo the financial pressures facing the sector. Through these priorities, the school aims to deepen its identity as a Human Scale, relational, values-driven community where children are known, nurtured and empowered lo thrive. structure, governance and management Governin Document Park School is a company limited by guarantee governed by ils Memorandum and Articles ofAssociation. and was in¢orporaled on 4 September 1987. It is registered as a charity with The Charity Commission. The liability of the Members is limited. In the event of the Company being wound up every Member of the Company undertakes to contribute such amount as may be required (not exceeding £11 to the Company's assets. The charity is governed by a Board of Trustees called the Council, who are responsible for the strategic direction, financial oversight, and regulatory compliance of the school. Trustees meet half-lermly to review progress, monitor risk, and ensure that the school continues to fulfil ils charitable objectives. The Council of Governance has the right at any time lo appoint any person lo be a member of the Council.
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The Council of Goveman¢e is comprised of members who bring a range of relevant expertise. Members are co- opted as required lo bring a balance of skills and knoedge to the Council. The Council aims to have 6 members as a minimum however this number can be exceeded lo ensure the Council has the necessary range of skills and expertise required. The school does not operate formal committees,. instead, Iruslees act as link trustees for key areas. For example, Nathan Gribble serves as the Safeguarding Trustee and sits on the Finan Team. This structure ensures dear lines of accountability and effective oversight. New Iruslees receive induction and initial compliance training, including safeguarding, governance expectations, and an introduction lo the school's educational approach. Ongoing training is provided as required. The day-to-day management of the school is delegated lo the Headleacher and senior leadership team, with trustees retaining responsibility for strategic decisions, financial stewardship. and regulatory compliance. During 2024-2025 operational capacity was strengthened through the appointment of a part-time Bookkeeper, who assumed responsibility for accounts, payroll and financial processing. This role supports the Headteacher and Trustees in maintaining robust financial oversight. The Council of Govemance, who setved during the year and since the year end, were enlilled lo vole and were all members of the Company were.. Melody Easter- Chair of Trustees Nathan Gribble- Safeguarding Trustee,. member of the Finance Team Sarah Veveers- EYFS Louise Gilmour- Treasurer (appointed 7 July 20251 Fiona VVoods- SEND lappointed 30 September 20241 Andrea Cates- Sustainability lappointed 30 September 20241 Sarah Reevell- Curriculum {appointed 27 January 20251 Trustees who resigned during the year Rebecca Giraud- Co Chair of Trustees (resigned 9 December 20241 Matthew lthitton-Acling Chair and Treasurer (resigned 18 December 2024} The members of the Council of Governance entiued to vote constitute the Board of Trustees for the purpose of charity law and the Board of Directors for the purpose of company law. They were all members of the company during their offi. Staff and remuneration The trustees are responsible for setting the pay and remuneration of the school's staff in accordance wth the charity's policies, financial posf(ion and long-lerm sustainability. The school is committed lo fair and transparent pay structures and continues lo review pay annually in light of sector benchmarks, cost-of-living pressures and the need lo recruit and relain high-qualily, experienced staff. Park School values staff and the contribution that they make to both the children's leaming and also to the wider school community. We choose to look to the minimum wage set by the Real Living Wage Foundation as a minimum salary level for all staff, we do this because we believe that all staff should be paid al a level which meets every day basic needs.
PARK SCHOOL THE COUNCIL OF GOVERNANCE'S REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 At present, the h0o1 is not yel able lo pay all staff al the Real Living Wage, bul the trustees have set a clear intention lo move towards full Real Living Vwdge compliance, subject lo financial viability. This commitment reflects the school's values and ils aim lo ensure that staff are recognised and supported appropriately for their work. Teaching staff, induding the Head Teacher, are paid on an incremental scale which sits within the National Pay Scales for teachers but does not extend to the full range of pay awarded to teaching staff within the National Pay Scales. Teachers pay is reviewed annually. The school moved from The Teachers. Pensions scheme to align all staff with pensions held wrf(h Nest lo enable a reduction in the staffing expenditure in order lo support the financial Implications set in January 2025 whèn the school lost business rates relief, rises in national insurance and supporting the VAT added lo the cost of education. staffing costs represent the largest area of expenditure for the charity. This is both expected and appropriate for a school committed to Human Scale Education, where small class sizes, relational practice, and personalised learning require a high ratio of skilled adults. The trustees recognise that maintaining this staffing structure is essential lo upholding the school's ethos, policies and practi. Pay levels a reviewed annually by the trustees, who consider". the school's financial position national ewnomic pressures se¢tor norms for comparable roles the sustainability of staffing structures the requirements of Human Scale Education The Headteacher's remuneration is sel by the Iruslees, taking into account responsibility levels, sector benchmarks and the school's financial context. No trustee receives remuneration for their role, and any expènses claimed are strictly for costs incurred while carrying out Iruslee duties. During 2024-2025, the departure of the School Business Manager prompted a review of adminislralive capacity. resulting in the introduction of a part time administrative assistant role to support essential operational functions. This restructuring contributed to a more sustainable staffing model while maintaining continuity of service. The trustees will continue to monitor staffing structures and pay levels to ensure they remain appropriate, sustainable and aligned wlh the school's ethos, strategic priorities and financial capacity. On behalf of the Council of Governance Melody Easter Trustee 2210512026 Dated.. 10-
PARK SCHOOL INDEPENDENT EXAMINER'S REPORT TO THE COUNCIL OF GOVERNANCE OF PARK SCHOOL report to the Council of Govemance on my examination of the financial slalements of Park School Ilhe Charity) for the year ended 31 August 2025. Responsibilities and basis of report As the Council of Governance of the Charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 Ithe 2006 Act). Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs ststement Since the Charity's gr055 income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confim that l am qualified lo undertake the examination because l am a member of the Association of Chartered Certified A¢¢ounlanls, which is one of the listed bodies. I have completed my examination. I wnfirm that no matters have come to my attention in connection wfth the examination giving me cause lo believe that in any material respect". accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act., or the financial slalements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial ststemenls give a true and fair view. which is not a matter considered as part of an independent examination., or the financial 5talemenls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no Concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Jason Milden FCCA Darnells Chartered Accountants 30 Fore Street Tolnes Devon TQ9 5RP Dated 2210512026
PARK SCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds fund$ 2024 2024 Total 2025 2024 Notes Income and endowments from- Donations and legacies Charitable activities Investments other income 8,972 520,370 1,812 12,113 8,972 621,017 1,812 12,113 24,407 436,633 2,106 10,704 24,407 464,272 2,106 10,704 100,647 27,639 Totsl Income 543,267 100,647 643.914 473.850 27,839 501,489 Expenditure on- Raising funds Charitable activities 133 497,690 133 598,337 334 599,392 334 627,031 100,647 27,639 Total expenditure 497,823 100,647 598,470 599,726 27,639 627,365 Net incomallexpenditurel and movement in funds 45,444 45,444 1125,8761 1125,8761 Reconclllatlon of fund$: Fund balances al 1 September 2024 178,454 10,000 188,454 304,330 10,000 314,330 Fund balances at 31 August 2025 223,898 10,000 233,898 178,454 10,000 188,454 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 12-
PARK SCHOOL BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Notes Fixed assets Tangible assets 12 15,233 19,341 Current assets Stocks Debtors Cash at bank and in hand 520 69,295 250,422 506 7,485 227,972 13 320,237 235,963 Credltors: amounts falllng due wlthln one year 14 101,572 66,850 Net current assets 218,665 169,113 Total assets less current liabilities 233,898 188,454 The funds of the Charity Restricted income funds Unrestricted funds 16 10,000 223,898 10,000 178,454 233,898 188,454 The company is enlilled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025. The Council of Governance acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply wth section 386 of the Act and for preparing accounts which give a true and fair view of the slate of affairs of the company as al the of the financial year and of ils incoming resources and application of resources, including ils income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which othenlSe comply with the requirements of the Companies Act 2006 relating lo accounts. so far as applicable to the company. The members have not required the wmpany lo obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial stslemenls have been prepared in acrdance with the provisions applicable to companies subject to the small companies regime. The financial stslemenls were approved by the Council of Governance on . 2210512026 Mèlody Easter Trustee Company registration number 02161405 (England and Wales) 13-
PARK SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash generated fromllabsorbed by) operations 22 21,508 1130,1201 Invg$tlng a1¥111$ Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Purchase of investments Proceeds from disposal of investments Investment income received 18701 12091 61 12501 19,971 2,106 1,812 Net cash generated from Investlng activities 942 21,679 Net cash used In flnanclng a¢tlvltl&s Net increaselldecreasel in cash and cash equivalents 22,450 1108,4411 Cash and cash equivalents at beginning of year 227,972 336,413 Cash and cash equivalents at end of year 250,422 227,972 14-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Charity inforniation Park School is a private company limited by guarantee incorporated in England and Wales. The registered office is Park Road, Dartington Hall. Tolnes, Devon, TQ9 6EQ. 1.1 Accounting convention These accounts have been prepared in accordan with FRS 102 °The Financial Reporb'ng Standard applicable in the UK and Republic of Ireland. l°FRS 102.1, 'Accounting and Reporting by Charities. the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as il applies from 1 January 2019. The Charity is a Public Benefit Enlily as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost convention. The prinapal accounting policies adopted are sel out below. 1.2 Charitable funds Unrestricted funds are available for use at the discretion of the Council of Govemance In furtherance of their charitsble objectives. Restricted funds are subject to specffic conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.3 Incoming resources Income is recognised when the charity is legally entitled lo il after any performance conditions have been met, the amounts can be measured reliably. and il is probable that income will be received. Income from school fees is recognised in incoming reSoUrS in the period that the student has received luilion from the school. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Intsngible income is not included unless it represents goods or ServIS which would have otherwise been purchased. Gifts in kind are valued and brought in as income as appropriate according to their class. Donations receivable for the general purposes of the charity are credited to Unrestricted Funds. Donations for purposes reslricled by the wishes of the donor are taken to Reslricled Funds where these wishes are legally binding on the Iruslees. Other than deducting bursaries from gross school fees. none of the incoming resour$ have been included nel of expenditure. In¢ome is deferred only when the charity has lo ftjlfil conditions before becoming enlilled lo il or where the donor has specified that the income is lo be expended in a future period. Deposits and school fees paid in advance for future periods are deferred. 15-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Icontlnuedl 1.4 Resources expended Resources expended are induded in the statement of financial activities on an ?ral$ basis, and are recognised when there is a legal or constructive obligation to pay for expenditure. Certain expenditure is directly attributable lo specific functional activities and has been included in those cost categories. Cèrtain other costs, which a 8llribulable lo MO than one functional aclivily, are apportioned across cost categories on the basis of an estimate of the proportion of lime spent by staff on those activities or based on the eslimaled use of the resource concemed or space occupied. The charity is registered for VAT with effed from 1st January 2025. All expenditure is therefore staled indusive of VAT where applicable up to 31st Dember 2024. 1.5 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, nel of depreciation and any impairment losses. Depreaation is provided at rates calculated lo write off the cost of all fixed assets, less their eslimaled residual value, over their expected useful economic lives on the following basis.. Leasehold propety Computer equipment Furniture and equipment 200A per annum - reducing balance 33°A per annum - reducing balance 20% per annum - reducing balance Assets within leasehold property that could not be moved to a new site are written off over the term of the lease. The gain Dr loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in nel incomellexpenditurel for the year. 1.6 Impairment of fixed assets Al each reporting end dale, the charity reviews the carrying amounts of ils tangible and intsngible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss lif anyl. Recoverable amount is the higher of fair value less costs lo sell and value in use. In assessing value in use, the estimated future cash flows are discounted lo their present value using a pre-tax discount rate that reflects current market assessments of the b'me value of money and the risks speryfic to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset is estimated to be less than ils carrying amount, the carying amount of the asset is reduced to ils recoverable amount. An impairment loss is recognised immediately in incomel lexpendilurel for the year, unless the relevant asset is carried al a revalued amount, in which case the impaimènt loss is Irealed as a revaluation decrease. 1.7 stocks Stocks are slated at the lower of cost and nel realisable value after making due allowance for obsolete and slow moving items. 16-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Icontlnuedl 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowngs in current Iiabililies. 1.9 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Sedion 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balan sheet when the charity becomes party to the ntractual provisions of the instrLJmenl. Financial assets and liabilities are offset, wf(h the net amounts presented in the financial stslemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on nel basis or to realise the a55el and sellle thè liability simultaneously. Basic financial asset5 Basic financial assets, which include investments, debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where Ihg transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable wthin One year are not amortised. Derecognition of financial assets Financial assets are derecognised only when thè contractual rights lo the cash flows from the assets expire or are settled or when the charity transfers the financial assets and substantially all the risks and reward5 of ownership to another entity. Basic financial liabilities Basic finanaal liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rale of interest. Financial liabilities dassilied as payable within one year are not amortised. Debt instruments are subsequendy Carried al amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as ¢urrenl liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequenuy measured at amortised cost using the effective interest method. Derecognltlon of financlal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Retirement benefits The charity contributed to the Teachers, Pensions Scheme IEngland and Wales) al rates sel by the Scheme Actuary and advised lo Council by the Scheme Adminislralor until 31 January 2025 when the school wthdrew from the Scheme. The Charity contributes to a defined contribub'on scheme for non-teaching staff at 6QA of pay and from 1 February 2025 for teaching staff al 8°/0 of pay. 17-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Icontlnuedl 1.11 Leases Rentals payable under operating leases where substantially all of the benefits and risks of ownership remain with the lessor, are charged lo the Statement of Financial Activities on a straight line basis over the term of the relevant lease. 1.12 Support costs Support Costs Indude expenses which enable charitable activities and fund genèrating lo be undertaken. These costs include finance and human resources and a allocated on a basis consislenl with the use of the resource. 1.13 Governance costs Governance costs comprise the costs of running the charity, induding strategic planning for its future development, any legal advice for the trustees, and all the costs of complying ¥Mth constitutional and statutory requirements, such as the costs of Board and Committee meetings and of preparing stalulory accounts and satisfying public accountsbilily. 1.14 Employee benefits Temiinalion benefits are iecognised as an expense when the charity is demonstrably committed to temiinale the employment of an employee or lo provide lerminalion benefits. Income from donations and legacies Unrestricted funds 2025 Unrestricted funds 2024 Donations and gnls 8,972 24,407 Donatlons and glfts Donations of deposits Anonymous donation 11,0281 10,000 24,407 8,972 24,407 18-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Charitable activitie5 2025 2024 School fees Less bursaries 630,750 19.7331 465,988 11,7161 621,017 464,272 Analysis by fund Unrestricted funds Restricted funds 520,370 100,647 621,017 For the year ended 31 August 2024 Unrestricted funds Restricted funds 436.633 27,639 464,272 Income from Investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 1,812 2,106 Other In¢omg 2025 2024 Registration fees School trips and plays Other income 763 5.573 5,777 800 4.813 5,091 12,113 10,704 19-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Raising funds 2025 2024 Costs of eneralin volunta Other fundraising costs income 133 334 133 334 Charltsble adlvltlfys 2025 2024 staff costs Depreciation and impairment School trips Additional leaching and training Books and teaching supplies Milk and food Loss on disposal of assets Rent and rates Cleaning and waste collection Repairs and maintenance Computer maintenance Insurance 391,923 4,978 6,292 19,832 10,296 2.679 428,847 5,117 2,281 15,895 8,611 32 61 36,578 19,978 7,333 8,603 7,842 12,197 42,003 2,141 8,751 7.557 8,858 11,885 517,195 553,375 Share of support costs (see note 81 Share of governance costs (see note 81 53.086 28,056 54,015 19,641 598.337 627,031 Analysls by fund Unrestricted funds Restricted funds 497.690 100,647 598,337 For the year ended 31 August 2024 Unreslricled funds Restricted funds 599,392 27,639 627,031 -20-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Support costs Support Governance Costs costs 2025 2024 staff costs Bad debts Stsff recruitment costs and advertising Phone, postage and stationery Photocopier leasing Sundries 37,462 4,939 5,167 2,828 781 1,909 4,163 41,825 4,939 5.167 2,828 781 1.909 52,153 782 1,794 2,110 1,071 1,320 Bookkeeping fees Legal and professional Independent examinerfs fees Regulatory fees Consultancy costs Sundries 11,260 3,507 4,121 4,436 11,260 3,507 4,121 4,436 4,342 5,462 3,783 619 220 569 569 53,086 28,056 81,142 73,656 Analysed between Charitable activities 53,086 28,056 81,142 73,656 Governance costs includes payments to the independent examiner of £2,95012024'. £2,940) for independent examination fees and £1,171 12024.. £2,522) for other services. Council Of Govarnanc None of the Trustees lor any persons connerted with them) received any remunerats'on 12024. £nill or expenses during the year12024.' £nill for their setvices as Trustees. 21
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 10 Employees Numberofemployees The average monthly number of employees during the year was". 2025 Number 2024 Number Teaching Adminislralion 17 19 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 377.809 25,813 29,926 406.341 27,864 46,795 433,548 481,000 The lolal employee benefits of the charity's key management personnel for the year were £69,18512024". £74,105). There was one employee whose annual remuneration was £60,000 or more12024.' onel- 11 Taxation The charity is exempt from taxation on its activities because all ils income is applied for charitable purposes. -22-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 12 Tangible fixed assets Leasehold property Computer Furniture and equipment equipment Total Cost At 1 September 2024 Additions 121,365 23,013 870 17,545 161,923 870 At 31 August 2025 121,365 23,883 17,545 162,793 Depreciation and impairment At 1 September 2024 Depreciation charged in the year 113,001 1,672 16,339 2,443 13,242 863 142,582 4,978 Al 31 August 2025 114,673 18,782 14,105 147,560 Carrying amount Al 31 August 2025 6,692 5,101 3,440 15,233 At 31 August 2024 8,364 6,674 4,303 19,341 13 Debtors 2025 2024 Amounts falling due within one year- Fee debtors Other debtors 48,885 20,410 3,026 4,459 69,295 7,485 14 Credltors: amounts falllng due wlthln one year 2025 2024 Other tsxation and social security Trade creditors Other creditors Fees received in advance 34,779 30.236 3,361 33,196 6,532 24.371 6,389 29,558 101,572 66,850 -23-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 15 Retirement benefit schemes The School's employees belonged lo two principal pension schemes.. the Teachers. Pension Scheme England and Wales ITPSI for academic and related staff from which the school withdrew al 31 January 2025,. and the NEST pension scheme for il's non teaching staff lo 31 January 2025 and for all staff from 1 February 2025. Contributions of £3,361 were payable at 31 August 202512024.. £5,993). lal Teachers. Penslon Scheme IntrodU10n The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 las amended). Members contribute on a 'pay as you go. basis wth contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. The employer contribution rale is sel by the Secretary of Slate following scheme valuations undertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report, whi¢h was published in October 2023. Following the Mccloud judgement, the remedy proposed that when benefits become payable, eligible members can select to receive them from either the reformed or legacy schemes for the period 1 April 2015 10 31 March 2022. The actuaries have assumed that members are likely lo choose the option that provides them wth the greater benefits, and in preparing the 2020 valuation has valued the 'grealei value, benefits for groups of relevant members. The employer contribution rale for the TPS is 28.60/0 and employers are also required to pay a scheme administration levy of 0.08QA giving a lolal employer wnlribulion rale of 28.68Qh. The employers pension costs paid lo the TPS in the period amounted lo £18,66412024.' £39,340). Ibl NEST pension scheme The School also ran a defined contribution scheme for its non teaching staff to 31 January 2025 and for all staff from 1 February 2025. The employer's contribution was £11,26212024.' £7,455) for the year. -24-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 16 Restricted funds The income funds of the charity indude restricted funds comprising the following unexpended balances of donations and grants held on trust for specAfic purposes". Movement in funds Balance at 1 Incoming Resources Balance at 31 September resources expended August 2025 2024 EHCP funding Frederick Mulder Foundation 100,647 1100,6471 10,000 10,000 10,000 100,647 1100,6471 10,000 The ECHP funding was for four pupils lo attend the School. The Frederick Mulder Foundation funding was for curriculum development. 17 Unrestricted funds The movement of funds for the year ended 31 August 2025 were as follows.. Movement in funds Incoming Resources resources expended Balance at 1 September 2024 Transfers Balance at 31 August 2025 Designated ftJnd- In extremis fund General unrestricted funds 126,100 52,354 9,700 19,7001 135,800 88,098 543,267 {497,8231 178,454 543,267 {497,8231 223,898 The Council has designated certain parts of the unrestricted funds as detailed above. The designated funds represent balances al bank. The Trustees transferred £9,700 to the In extremis fund in the year so the fund represents a realistic assessment of the financial commitment is these circumstances. -25-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 18 Analysis of net assets between funds Unrestrlcted funds 2025 Restrlcted funds 2025 Total 2025 At 31 August 2025: Tangible assets Current assetsllliabililiesl 15,233 208,865 15,233 218,665 10,000 223,898 10,000 233,898 Unrestricted fund$ 2024 Restricted funds 2024 Total 2024 At 31 August 2024: Tangible assets Current assetsllliabililiesl 19,341 159,113 19,341 169,113 10,000 178,454 10,000 188,454 19 Operating lease commitments Al the reporting end dale the charity had oulslanding commitments for future minimum lease payments under non-can¢ellable operating leases for land and buildings due in under one year of £33,10812024.' £32,988) and for equipment due between two and five years of £1,85912024.' 3,1231. 20 Ralatad party transactions There were no disclosable related paty transactions in the year12024.' £nil}. 21 Share Capital The company is limited by guarantee having no share capital. In the event of a winding up each member agrees to contribute a sum not exceeding £1. -26-
PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 22 Cash generated from operations 2025 2024 Surpluslldeficill for the year 45,444 1125,8761 Adjustments for". Investment income recognised in statement of financial activities Depreaalion and impairment of tangible fixed assets 11,8121 4,978 {2,1061 5,117 Movements in working capital.. Ilncreasel in stocks Ilncreaselldecrease in debtors Increaselldecreasel in creditors 1141 161.8101 34,722 4,252 {11,4961 Cash ggngrat9d fromllabsorb9d by) op9ratlon$ 21.508 1130,1201 -27-