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 ne￿OrkS.
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 a￿a. The T￿SteeS 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 SeVe￿ly. Matheting and dill￿nt 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 seqUen￿S 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 kno￿edge 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 a￿ssIbIlity 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 prO￿dureS 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 Scien￿Infomled 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 knO￿edge, 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 kno￿edge 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 othen￿lSe 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 ac￿rdance 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$tlng a￿1¥111￿$
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 reSoUr￿S 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 ServI￿S 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 ?￿r￿al$ 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 De￿mber 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 be￿een 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
IntrodU￿10n
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.
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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
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