2025-08-31-accounts

Company Rogistration Numbei: 075S6657 (England & Wales) DEVONPORT HIGH SCHOOL FQR GIRLS (A company limited by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 &LGriffin Chortsred Att<Atnkints AEHYVBCA 2211212025 COMPANIES HOUSE A33

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DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmlted by guarantee) CONTENTS Reference and administrative details Trustees. report Governance $tatemen¢ 3-12 13-16 Statement of regularityi proprlety and compliance ststement of trustees. responslbllitlgs Independent audito￿. report on the financial staternents Independent reportlng accountant's report on regularity Statement of flnanclal activitles Incorporating income and expendlture account Balance sheet 17 18 19-22 23-24 25-26 27-28 Statement of cash flows 29 Notes to the flnanclal statements 30-63

DEVONPORT HIGH SCHOOL FOR GIRLS (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE OETAILS Membe G Westcott S Williams O Grimes P Wilton J Jennison (appointed 22 September 2025 V Frost (resigned 22 September 20251 Trustees E Blakeman H Clarke {resKJned 6 January 20251 H Cotton, VI￿ Chair V Frost, Chair of Trustee$ (resigned 22 September 20251 J Jennison, Chair of Trustees (from 22 September 20251 (appointed 4 December 20241 K Pilkinglon K Plant S Shahidur-Rahman L Sargeanl, Head Teacher (resigned 31 ALtgusl 20251 V Harris Ifesigned 4 November 20241 G Sp¢Joner S Tustain lappoinled 15 November 2024) A Varga (appointed 3 March 20251 J Wilson Company reglstered number 07556657 Company name Devonport Hgh School For Girls Prfnclpal and registered Lyndhursl Road offico PlymoLrth PL2 3DL Accountlng officer L Sargeanl Senlor managernent team L Sargeant, Head Teacher A Thomas. Deputy Head Teacher E Lamb, Assistant Head Teacher R Morgan, Assistant He&J Teacher L Norst&r, Assistant Head Teacher H Lynch, Assistant Head Teacher B Bell, Business Manager (Tesigned 31 August 2025) Independent audltols Griffin Chartered Accountants Courter￿Y House Pynes Hill Exeter EX2 5AZ Page 1

DEVONPORT HIGH SCHOOL FOR GIRLS (A company Ilmked by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS ICONTINLIEDI FOR THE YEAR ENDED 31 AUGLIST 2025 Solicitovs WoSferslans Solicitors Deplford Chambers 60166 North Hill Ptymoulh PL4 8EP Page 2

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their ènnual report together with the financial statements and auditorfs report of the charrtable company for the year ended 31 August 2025. The annual report seNes the purposes of both a trustees. report. and a directors. report and strategic report under wmpany ￿. The Academy Trust operates an Academy for pupils aged 1110 19 in Plymouth. It has a pupil capacty of 1100 and had a roll of 973 students on roll in the school census on 2nd October 2025. structurey governance and management . Constltution The Academy is a charitable company limited by guarantee and an exempt charty. The charrtable companvs Trust deed is the primary governing document of the Acadery. The Trustees gf C)evonport Hryh School For Girls are also the directors of the charitable company for the Pufposes of company law. Details of the Trustees who seNed during the year, and to the dale these accounts are approved are included in the Reference and administrative details on page 1. b. Membets. Ilablllty Each member of the charitable company undertakes lo contribthe lo the assets of the charrtable company in the event of rt being woun¢J up while they are a member. or wrthin one year after they cease lo be a member. such amount as may be required. not ex￿edIng £10. for the debts and liabilrties contracted before they ceased lo be a member. c. Trustees. Indemnltles Trustees benefrt from indemnity insurance purchased at the Academys expense to cover the liabilty of the Trustees which by virtue of any rule of law would olheTWiSe attach to them in respect of any negligence, default or breach of trust or breach of duty of which they may be guilty in relation lo the Academy. provided that any such insurance shall not extend to any claim allsing from any act or omission which Trustees knew lo be a breach of trust or breach of duty or whKh was commffted by the Trustees in reckless disregard to whether il was a breach of trust or breach of duty or r￿1, and provided a150 that any such insurance shall not extend lo the costs of any unsuccessfvl defence lo a criminal prosecLtrlion btought against the Trustees in their ¢apa¢ity as directors of the Academy. The limit of this indemnty is £5.000,QCQ. Page 3

DEVONPORT HIGH SCHOOL FOR GIRLS {A compaDy Ilmlted by guaranteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Stwclure. governance and management Icontinuedl d. Method ol recrultment and appointment or electlon of Trustees On 1 April 2011 the Trustees appointed all Ihose Govemors that served the predecessor school lo be Trustees of the newly formed Academy, together with the newly appointed Business Manager. These Trustees were appointed on a lemi of office that would end when their original term at the predecessor school would have ended, thus ensuring a staggered redection or replace process. The Academy shall have the following Trustees as set OLrt in rts Articles of Association and funding agreement.. Up to 13 Trustees who are appointed by members,. A minimum of 2 Parent Trustees who are elected by parents of registered pupils at the Academy. and The Head Teacher who F5 treated for all purposes as being an ex olficio Trustee. TrLÈslees are appointed foi a four-year period, ex￿pt that this time limit does not app￿ to the Head Teacher. subject to remaining eligible to be a particular type of Truslee, any Trustee can be re-appointed or re-elected. When appointing new Trustees. the Board will give consideration lo the skills and experience mix of existing TTuslees in order to ensure that the Board has the necessary skills lo contribute fully lo the Academls development. e. Pollcies and proeedureg adopted for the Induction and training of trustees The training and indLXtion provtded for new Trustee5 will depend upon their existing experience but would a￿ayS inclLKle a lour of the Academy and a chance to meet staff and pupils. All Trustees are provided with copies of policies, procedures, minules, accounts, budgets. plans and other documents that they wll need lo undertake their role as Trustees. Induction lends lo be done informally and is tailored specrfically lo the indrvid14al. Adwdnlage 15 taken of specrfic Cou￿eS offered by the LIKal Aulhorty and other boLlies. Page 4

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmlted by guafantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structure. governanc• and management Icontinu•d) f. Organi5ational structure The Board of Trustees normally meets a minimum of once a month with a Business Meeting al the start of the autumn temi. The Board establishes an overall framework for the govemance of the Academy and determines membership, terms of reference and procedure5 of Committees and other groups. There are no comM￿ee5 and all business is dealt wrth by the Full Board (with the exception of the Pupil Discipline Committee, where required, in line wrth the Slalulory Exclusions Gu￿an￿). The Board may from time to time establish Working Groups lo perform specific tasks over a limited timescale. wrthin the Full Board, Finance and Resources is Covered and 1$ discussed at least six times a year and is responsible for monitoring, evaluating and reviewing policy and performance in ￿lat10ft lo financial management, compliance with reporting and regulatory requirements and reporting, receiving reports from the Responsible Officer and drafting the onnual budget including setting staffing levels. 11 also incorporates the role of an audit committee. The Boaid of Trustees considers any proposals for changes lo the status or ¢onstilulion of the Academy and its governance structure, appoints or removes the Chair andlor Vice Chair. appoints the Head Teacher, and approves the Annual Devebpment Plan and budget. The Trustees are responsible for setting general policy. adopting an annual plan and budget, approving the statutory accoun15, monitoring the Academy by the use of budge15 and other data. and rnaking major deci5i9ns about the direction of the A¢ademy, capital expendiluTe and 51aff appointmersls. The Trustees have devolved responsibility for day to day management of the Academy to the Head Teacher and Senior Leadership Team (SLTI. The SLT comprises the Head Teacher, Deputy Head Teacher. As51sl8nt Head Teachers arKI the Business Manager. The SLT controls the Academy at an executive level. implernenling the policEs laid down by the Trustees and reporting back lo them. The Head Teacher. Business Manager and Trustees are responsible for the aulhorisalion of spending wrthin agreed budgets,. a summary of thi5 is in the Temis of Reference. Some spending control is devofved lo 8udget Holders which musl be authorised in line with the Scheme of Delegation in the Finance Policy. The Head Teacher is responsible for the appointment ol staff, though appointment panels for teaching posts and where possible, will include a Trustee. The Head Teacher is the A¢countirtsJ Officer. g. Arrangements for setting pay and remunoration of key man•gement petsonnel The Trustees consider that the Board of Trustees and the Senior Leadership Team comprise the key management personnel of the Academy in charge of directing, controlling, running and operating the Academy on a day to day basis. All Trustees give their time freety and no Trustee received remuneration for this fole in the year. Details of Trustees, expenses and related party tr8nsaction8 are disclosed in the notes to the &counts. The pay of key management personnel is reviewed annualty in line with the Aeademls Teachers, Appraisal policy and the pay guidance included In the School Teachers, Pay and Conditions Document ISTPCD) with the exception of the Business Manager who is reviewed under NJC terms and conditions. Page 5

DEVONPORT IIIGH SCHOOL FOR GIRLS (A company limlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structure. govemance and management (Continued) h. Trade union faclllty tlme Relevant union officials Number of employees who were ielevanl union officials during the year FulHirre equivaEenl employee number Percentage of time Spent on facility time PeKentsge of tlme Number of employees 0% 1%-50° 51%-99% 100P Percentage of pay blll spent on facility time Total cost of facility time Total pay bill Percentage of lolal pay bill spent on facilty lime S￿12.500 Paid trade union activitl8S Time Spent on paid trade union adivities as a percentage of totsl patrj facility lime hours l. Related parties and othev connected charities and organisation5 The Academy benefits from an actNe Parent Teacher and Friends Associatton. Page 6

DEVONPORT HIGH SCHOOL FOR GIRLS IA Company Ilmitgd by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 ObJectNes and actNilie8 a. Objects and alms ission statement DHSG Provides an exceptional educational experience for students. through a wealth of opportunities within a nurturing environment, leading to outstanding achievements. b. ObJect•ves, strateglos and actlvllles There were three key priorities for the 24125 academ¢c ye8r. These were.. • Ensure all students achleve well. particulariythose with 8p•elal 8dyutionAI n••d$, throughthe us¢ of odaptive t8achingstr•tegie$ and effective relational approaches. Inclusive CLassrooms • Ensuio thatt￿chIng0fi th• $i￿h form gUPPOrts students to Bchieve tyempL0ying•ff•cll￿ ped88￿¢&l8tratéfj•> in lessons. • Ensure ihat the deubernte prnctlco model11 do, w• d youdo) 1$ used to deliver ihe eurriculum effeciNely. to support stud8nts to achi￿8. Teaching Learning c. Public beneflt The Academy aims to advance for the public benefrt, educatKJn in PtymoLrth and the surrounding areas by maintsining and developing the Academy and offering a broad Gurriculum. The Trustees confirm that they have complied with the duty in section 1715) of the Charities Act 2011 to have due reguard to the Charty Commisstonerfs general guidance on public benefft in expercising their powers or duties. They have referred lo this guidance when reviewing the Academys aims and objeclives and in planning ils future aclNilie$. Page 7

DEVONPORT HIGH SCHOOL FOR GIRLS IA ¢omp•ny limited by guarantsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Objectlvos and actlvltles {¢ontlnued) Strategic report A¢hi•v•m¢nts and performance a. Achievements and Performance Key Stage 4 The table bel¢)w provides a summary of Year 11 anaty$is across 2024125.. Indiactor- Cohort °￿9-S °A9-7 °A Basic5 9 - 4 °k Basics 9 - 5 °A EBacc- Standard Yo EBacc" Stron Pass Aver e A8 Grade Avera eEn lish A8 Grade Avera e Maths A8 Grade FSM Avera e A8 Grade Year 11 Summer Resuts 2025 9S47 68.58 99.2 97.6 78,9 73.2 7.37 7.69 7.13 7.30 Key Stsge 5 The percentage of enlries graded A".B was 64.4%. which is above the nalional average for this measure. The average grade was a B. Students that were disadvantaged andlor with special educational needs achwed well. . showing a r¥J gap with non4isadvntaged students. b. Key Perfomance Indicatorg To maintsin a balanceil budget for the next 3 years and further develop a strategy for increasing income., To achieve an average attainment 8 score of al least 7., To achieve 70•/a of grades 9- 7., To achieve an average'A' level glade of B+ Page 8

DEVONPORT IIIGII SCHOOL FOR GIRLS IA company limlted by guarnnlee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Strateglc report Icontinued) Achievements and p•rformanc• (¢ontinu•d) ¢. Golng concern The Board of Trustees has a reasonable expectation that the trust has adequate resouTces to continue lo operate for the foreseeable future. The Trustees have considered a" number of factors in arfiving at this conclusion. The Academy had a free reserves position al the 31 August 2025 of £100,730 in addition to restricted reserves of Nil, with £261.430 held of cash al this dale. Going forwards. the Academy is expanding by 32 pupils per year for the next 3 years, and we will start lo benefit from this extra funding in future years. There is also an or¥Joing focus on increasing Sixth form pupil numbers, and the financial benefft of this change is expected in 2025126. A detailed budget for 2025126 has been prepared and updated to include the rise of inflation, and additional 51affing cost5. Thi5 budget for 2025126 is initially forecasting a £279,¢Joo surplu5 after taking these additional c0515 tnto account, 83 well as beginning lo implement an action plan Ihal the TTU51 has pul in place. Forecasts for luture years show surpluses are expected, wrth a plan in place allowing the Trust to restore reserves to within their reserves policy and for them to continue operating as a going concern. Financial review Most of the Academy's income is obtained from the DE in the form of recurrent granls, the use of which is reslrided to particular purposes. The grants received from the DfE during the year ended 31 August 2025 and the associated expenditure are shown as Restrided Funds in the Statement of Financial Activi(ies. The Academy also re￿Ne5 grants for fixed a55ets from the DIE and are shown in the Statement of Fina￿la￿ Aclivrties as reslricled income in the Fixed Asset Fund. The Reslricled Fixed Asset Fund balance is reduced by annual depreciation charges over the useful life of the assets concerned. as defined in the Academy's accountin9 policies. The Academy took on a deficit in the L(xal Government Pensijn Scheme in respect of its non-te&hing staff transferred on conversion. This is now capped at Nil as staled in nole 25 and is incorporated within the Statement of Financol Activity with details in Note 24 to the finaneial 51alemenls. Key financial policies adopted or reviewed during the year include the Finance Policy which lays out the framework for financial management, including financial re5ponsibilrties of the Board. Head Teacher, budget holders and other staff, as wem ès delegated authority for Spending. Other policies reviewed and updated included Lettings. Charging and Remissions and Premises Management. Anti-Fraud is included in the Finance Policy. Trustees have adopted a Responsible Officer in the Finance Policy and appointed Devon Audil Partnership to undertake a programme of internal checks on financial controls for the period up to August 2025. During the year. the Tru51ees received two report5 covering visits from the Responsible Officer which contained nc matters of s￿nIfiCanCe. During the year ended 31 August 2025. the Academy ieceived total income (excluding capital income) of £6.595.901 {2024'. £5,704.5911 and incurred totsl expendilufe, excluding depreciation and pension expendilufe of £6.581,536 (2024.. £6.D11.1651. The excess of income over expenditure, excluding capital and pensio)n for the year was £14,365. At 31 August 2025 the net book value of fixed 85sets was £7,391.811 12024.. £7,457.5841. and movements in tangible fixed assets are shown in note 14 to the financial statements. The assets were used exdusivety for providing education and associated support seNices to the pupils of the Academy. Page 9

DEVONPORT HICH SCHOOL FOR GIRLS (A Company Ilmltsd by. guaranl¢e) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Strategic report Icontlnued) a. Re$erY8s policy The Trustees review the GAG reserve leve15 of the Academy annually. This review encompasses the nature of income and expenditure streams. the need to match income with commitments and the nature of reserves. The Tiustees take into consider81ion the future plans of ts Academy, the uncertainty ovef future income streams and other key risks idenlrfied during the risk review. The amount of proposed reserves has been sel al £80,000. The school currenlty has a level of reserves just above this, however, there is an action plan in place to increase these reserves. The Academy has begun expanding by 32 pupils per year, and this will continue for a further 3 years. We wll start to benefft from this extra funding in future years. We also have an ongoing focus on increasing our sixlh form pupil numbers. and have started to See the benefft of this with increased numbers from 23124, arthough wrth lagged funding we will not feel the financial benefit until 202512026. Therefore the amount of proposed reserves Ihis year wll remain the same. with an expectation that the lolal reseNes will return to healthier levels during 2025126. The defined benefit pension scherne reserve has been capped al Nil thi5 year, details of which can be found in note 25. b. Investment policy Oue lo the nature and liming of receipt of funding, the Academy may al limes hold cash balances surplLts lo ts short lem requirements. The Trustees have authorised the openiny of an additional short term bank investment account to tske advantage of higher interest rates. Day to day management of the surplus funds is delegated lo the Head Teacher. within strict guidelines lo be approved by the Board of Twstees. Page10

DEVONPORT HIGH SCHOOL FOR GIRLS IA company limited by guarantsel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 . Principal risk5 and unrertaSntles The Academy has agreed a Risk Management wlicy and completed a Risk Register. These have been discussed by Trustees and include the financial risks to the Academy. The register and plan are reviewed in light of any new inforniaion and fomiaNy reviewed annually. The TrLEStees have assessed the major risks to which the Academy is exposed, in partular those relatirtg to finances. teaching, facilrties and other operational areas. The T¥uslee$ have implemented a number of systems lo assess and minimise Ih¢se risks. including internal controls descnbed elsewhere. Where significant financial risk still remains, they have ensured they have adequate insurance Cover. The Acade¥ny has continued to strengthen it5 risk management process throughout the year by improving the process and ensuring 51aff and Trustee awareness. A Ti5k regi51er is maintained and reviewed and UFdaled on a regutar ba515. Financial - the Acadery has considerable reliance on continued Govemment funding through the DIE. In the period under review, 94% of the Academy's incoming fe50urces were ultimalety Government funded. There is no assurance that Govemment policy or practice will remain the same or that publ￿ funding will continue at Ihe same levels or on the same terms. Estates - the Academy maintains the school buildings to a high starbdard. An annual Condition survey is undertaken lo ascertain the priorities for capital expenditure. CIF bidlsl are submitted each year for funding for large Capital projects. We purchase property and compliance. and heahh and safety advice to ensure we cornply wrth all relevant regulations. A ￿c survey has been carried out wh￿h confirms there is no RAAC present in the A¢ademy's sch¢x)I buildings. Failures in governance andlor management - the risk in thi5 area arises from potential failure lo effectivety manage the Academy's finances, internal conlrols, compliance with regulations and legislation. slalulory retums etc. The Trustees continue to ￿vteW and ensure that appropriate measu￿$ are in place to mitigate Ihese risks. Safeguarding and child protection the Trustee5 continue to ensure that the highest Standards are maintained in the areas of selection and monitoring of staff, the operation of child protection policies and procedures, heaKh & safety and discipline. Staffing - the success of the Academy is reliant on the quality of ils staff and so the Trustees Monitor and review policies and procedures lo ensure continued development and training of staff as well as ensuring there is clear succession planning. Reputational - the continuing success of the Academy is dependent on continuing to attract applicants in sufficient numbers by rnaintaining the highest educational standards. Fraud and mismanagement of funds The Academy has appointed a Responsible Officer to &irry oul check5 on financial syslems and records as required by the Academy Trust Handbook. All finance staff receNe training to keep them up to date with financial piaclice requirements and develop their ski115 in this area. Page11

DEVONPORT HIGH SCHOOL FOR GIRLS IA ￿MpanY limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Fundraising The Academy carries out a limiled amount of fundraising and when undertaken. SyBlem5 and controls are in place to separate and protect fvnds. The Academy is mindful of its responsibilities under the Charities IPToteclion and Social Inveslrnenll Act 2016 and legal rules, and ensures all aclivrtie5 are agreed and monitored al Senior Leadership Team level in compliance wrth relevant legal rulès. Re¢ognised stsndards are applied lo ensure that fundraising is open, honest and respeetful, protecting the public from undue pressure to donate. Complaints are handled and monitored through the Trust's complaints Procedu￿. Plans for fu￿re perlods The Academy will continue to strive to provide outstanding edu&*ion and improve the perfonnance of ils students al all levels. The Academy will Continue to aim lo attract high quality leacher5 and support staff in Qrder to delNer its objerlives. Over the next 4 years the school will continue to expand, accepting further pupils into each year group. The Academy will continue to work with partner schools to improve the educational ¢)pportunities for students in the wider community. The Academy will continue to be a Directly Licensed Centre of the Duke of Edinburgh's Award. Funds hold as custodian on behalf of others The Academy holds a small amount of funds on behaw of the South West Academic Trust (SWAT). This is a partnership of leading grammar schools in the South West and the University of Exeter who work together to raise achievement and aspiration within their schools across the reg￿n. The funds come from the schools in SWAT and are used for collaborative activities for staff and students to achieve the aims of the Twsl. Di%losure of infr>rmatlon to audito Insofar as the Trustees are aware.. the￿ is no relevant audrt inforrnalion ol which the Charitable CoMpan￿S auditors are unaware,. that Trustees have taken all steps that they ought to have taken lo make themselves aware of any relevant audit information and lo establish that the auditors are aware of that inforrnation. The Tru$lees' report. incorporating a strategic report. was approved by order of the Board of Trustees, as the company directors. on 3 December 2025 and signed on ils behalf by.. L Saryeant Accountsng OffKer J Jennison Chaii of Trustees Page 12

DEVONPORT HIGH SCHOOL FOR GIRLS (A company 11m1t￿ by guarantee) GOVERNANCE STATEMENT Scope of responslblllty As Trustees, we acknowledge we have overall responsibilty for ensuring that Oevonport High School For Girls ha$ an effeclwe antj appropriate system of control. financ￿1 and otherwise. However, such a syslern is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can provide onty reasonable and not absolute assuran￿ against material misslalemenl or kjss. As Trustee5, we have reviewed and taken account of the guidance in DfE's Govemance Guide. The Board of Twslees has deleg8ted the day-to-day responsibilty to the Head Teacher, as Accounting Officer, for ensuring financial controls conform with the requirements of both propriety and good financial management and in accordance with Ihe requirements and responsibilities assigned lo il in the funding agreement be￿een Devonport High School For Girfs and the Secretary of State for Education. They are also responsible for rèporting lo the Board of Trustees any material weaknesses or breakdowns in inlemal control. Governance The infomiation on governance included here supplernenls that described in the Trustees, report and in the Slalemenl of Iruslees. responsibilities. The Board of Trustees has formal￿ mel 11 tsmes during the year. Attendan￿ during the year at meetings of the Board of Trustees was as follows.. Trustee Meetings attended Out of a possible E Blakeman H C18rke H Cotton, Vice Chair V Frost, Chair of Tru51e8s {to 22 September 20251 J Jennison, Chair of Trustee5 (from 22 September 2025} L Sargeant. Head Teacher K Plant S Shahidur-Rahman K Pilkinglon V Harris G Sp¢x)ner S Tustain A Varga J Wilson 11 11 11 10 11 10 11 During the year the following changes lo the eomposrtion of the Board of Trustees look place.. ApFoinlmenls Jessica Jennison lappoinled 4 December 20241 Sarah Jane Tuslain (appointed 15 November 2024) Alina Laura Varga lappoinled 3 March 2025) Resignations Vanessa Harris (resigned 3 November 2024) Helena Clarke Iresigned 6 January 202SI Lee Sargeant (resigned 31 August 20251 Victoria Frost (resigned 22 September 2025) Page 13

OEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmited by guarantee) GOVERNANCE STATEMENT ICONTINUEDI Govemance (continued) Govemance Revlews The Trustees undertake self-evalualion ￿vIewS of the experience skill sel of existing Trustees. This is an extremely valuable exercise in providing us with informatNe dats when appointing new Trustees. The outcome is an improved depth and breadth of skills and experience across the Board of Trustees. R•vi¢w of value for money Th8 Academy Tru51 delivers good value in the use of public resources. The Accounbng Officer under51and5 that value for money refers to the educatM)nal and w￿lef societal outcomes achieved in return for the taxpayer resources received. The Accounting Officer considers how the Trust's use of ils resources has provided good value for money during exh academic year, and reports lo the Board of Trustees where value for money can be improved, including the use of benchmarking data where appropriate. The Accounting Off￿er for the Academy Trust has delivered improved value for money during the year by.. Significant savings on salary costs has beeft achieved through natural wastage. timetabling adjustments and recruitment of newty qualified staff wilhoul compromising delivery of learning and teaching. We have reviewed Servi￿ level agreements to achieve best value, and have char¥Jed suppliers vthere appropriate on services. Wo have continued lo improve student attainment Ihfough our fully embedded tracking systems which also allowed us to target intervention effectively. Confllcts of intsrest Conflicts of interest are managed by maintaining an up lo date and complete register of interests for Trustees and Senior Leaders. There is total transparency in regards to govem8nc8 arrangements ar￿ the register is available on the school's websrte. In addttion, all stsff cornplete an annual self dedaratp)n where they have lo declare any business interests. Any gifts received are entered into a regi5teT which is centrally held in the main school reception. Conflicts of interest is a standard agenda item for all Trustees meetings. Where a conflid of interest could occur. one of the following steps will be tsken.. leaves relevant discu55i0ns does not lake part in the decision or vote is not counted in the quorum The conflKt and action taken will be minuled. Page 14

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmlted by gu•rnnteel GOVERNANCE STATEMENT (CONTINUED) The purpose of the system of internal control The system of internal control is designed to manage risk lo a reasonable level rather than to eliminate all risk of failure lo achieve policies, aims and objectives. It can, therefore. onty provhle reasonable and not absolute assurance of effectiveness. The system of internal control is based on an ongoing process designed lo ident and prioritise Ihe risks, the achievement of Academy policies. aims and obiective5, to evaluate the likelihood of those risks being realised and the impact should they be realised, and to manage them efficiently, effeclivety and economically. The system of internal conlrol has been in place in DevoDport High School for Girls for the period from 1 September 2024 to 31 Augus12025 and up to the dale of approval of the annual report and financial ststements. Capxlty to handle rlsk The Board of Trustees has reviewed the key risks to which the Academy is exposed together with the operaliThJ, financial and compliance controls that have been implemented lo mitigate those f15ks. The Board of Trustees is of the view that there is a formal ongoing pro￿55 for Identi￿.￿g, evaluating and managing the Academy's Significant risks that have been in place for the period frorn 1 September 2024 to 31 August 2025 and up to the date of approval of the annual report and financial slalements. This pr¢)cess is regulaty reviewed by the 8oard of Trustees. The rlsk and Control framework The Academls system of internal financial control is based on a framework of wular management information 8nd administratwe procedures including the segreg*ion of duties end a system of delegation and 8ccountabilty- In particular, it indudes.. Comprehensive budgeting and monitoring systems wrth an annual budgel and periodic financial ￿pOrts which are reviewed and agreed by Ihe Bc)ard of Trustees. Regukr reviews by Ihe Board of Trustees of reports which indicate financial performance against the forecasts and of major purchase plans. capital works and expenditure prograrnmes. Setting targets lo measure financial and other perfoimance,. earty defined pu¥chasing (asset purchase or capital investment) guidelines. Delegation of aulhorty and segregation of duties. Idenlificalion and management of risks. The Board of Trustees has dec￿ed lo employ Devon ALMIrf( Partnership as internal audi¢or. The intemal audrtorfs role includes giving advtce on financial matters and performing a range of checks on the Academls financial systems. In particular, the checks carried out in the current period included.. Income Purcha$ing and Payments Contracts and Tendering Risk Management Governance, Accounting and Financial Control Anti Fraud Asse15 On a semi-annual basis the auditor reports lo the Board of Trustees. IhroLtgh the Finance and Resources Committee. which is part of the main board, on the operation of Ihe systems of control and on the discharge of the Board of Trustees, financial responsibilities. Page 15

DEVONPORT HIGH SCHOOL FOR GIRLS IA company liml¢ed by guarantee) GOVERNANCE STATEMENT ICONTINUEDI Review ol effectlveness As Aceounting Officer the Head Teachei has responsibilty for reviewing the effectiveness of the system of internal control. During the year in question the review has been infomied by.. the work of internal auditors., the financ￿1 management and governance self-as5essment proces5', the work of the executive managers within the Academy who have responsibilty for the development and maintenance of the internal control ftamework,. and the work of the extemal auditors. The Accounting Officer ha5 been advised of the irnplic*ion$ of the ￿$￿It of their review of the system of intemal control by the Finan￿ and Resources Committee and a plan to address possible Weak￿SseS and ensure continuous Improvement of the system is Én place. Conclusion Based on the advice of the audit and risk committee and the Accounting Officer. the Board of Trustees is of the opinion that the Academy TNst has an adequate and effective framework for governance. risk management and control. Approved by order of the member$ of the Board of Trustees on 03 December 2025 and signod on their behalf by.. J Jennison Chair of Trustees L Sargeant Accounting Officer Page 16

DEVONPORT HIGH SCHOOL FOR GIRLS (A company Ilmlted by guarantee STATEMENT OF REGULARITY, PROPRIETY ANO COMPLIANCE A5 Accounting Officer of Devonport High School for Gir151 confirm that I have had due regard to the framework of authorities governing regularty, propriety and compliance, includtng the Irusl's funding ag￿ement with DE. and the requirements of the Academy Trust Handbook, including ￿spOnSibl11t1es for eststes safety and management. I have also considered my responsibilty to notify the Academy Trust Board of Trustees and DfE of material iryegularity, impropriety and non-compliance wth terms and conditions of all funding, including for estates safety and management. I confim that I, and the Board of Trustees are able to ￿entify any material Ir￿gu18r or improper use of all funds by the Academy Trust, or material non•compliance with the framework ol aulhorrti8s. I confirm that no instances of material irregularity, impropriety or non<ompliance have been discoveled lo dale. If any instances are identrfied after the date of this statement, these will be notif*d to the Board of TTUStees and L Sargeant A￿oUntIng Officer Dale.. 03 December 2025 Page 17

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmiled by guarantee) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The Twstees (who are also the diredors of the charitable company for the purposes of company lawl a responsible for preparing the Trustees. report and the financial statements in accordance with the Academies Accounts Direction published by the Department for Edu¢8lion. United Kingdom Accounting Standards {Untted Kingdom Generalty Accepted Accounting Practice) and applicable law and ￿UlatiOns. Company law requires the Trustees to prepare financial Ststemenls for each financial year. Under ￿MpanY law. the Trustees must not approve the financial Statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of its Incoming resources and application of resources. including its income and expenditure, for that peri¢3d. In preparing these financial State￿nIs. the Trustees afe required lo". select suitable accounting policies and then appty them consislenlty.. observe the Meth￿IS and principles of the Charities SORP 2019 and the Academies Accounts Direction 2024 10 2025.. make judgments and a¢￿untIng estimates that are reasonabEe and prLKlenl', state whether opplicable UK Accounting Standards have been followed, Subject to any material departures disclosed and explained in the financial 51alemenls,' and prepare the financial Statements on the going corKem basis unless il is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keepiNJ adequate accounting ftcords that are sufficient lo show and explain the charitable comp3nVs transacttons and disclose with reasonable accuracy al any time the finaneial p05ilion of the charitable company and enable them to ensure Ihat the financi81 ststements comply wslh the Companies Act 2006. They are also responsible foi safeguarding the assets of the charitable company and henee for tsking reasonable steps for the prevention and detection of fraud and other irregularilies. The Trustees are responsible for ensuring that in its conduct and operats'on the charitable company applies financial and other controls, which wnform wf(h the requirements both of propriety and of good financial management. They are also responsible for ensuring grants receivgj from DE have been applied for the purposes intended. The Trustees are responsible for the maintenance arKI integrity of the corporate ar￿ financial information included on the chafjtable companys website. Legislation in the United Kingdom governing the preparation and dissemination of financial slalements may differ from legislation in otherjurisdictton$. Approved by order of the members of the Board of Tyustees on 3 December 2025 and signed on its behall by. J Jennison Chair of Trustees Page 18

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmlted by guarnnteel INDEPENDENT AUDITORS. REPORT ON THE FINANCIAL STATEMENTS TO THE MEMBERS OF DEVONPORT HIGH SCHOOL FOR GIRLS Opinion We have audited the financial statements of Devonport High School For Girls (the 'Academl} for the year ended 31 August 2025 which comprise the Staternenl of financial activities. the Balance sheet. the Statement of cash flows and the related notes, including a surnmary of significant accounting policies. The financial reporting framework that has been applied in their Preparation is applicable law, United Kingdom Accounting Standards (Unrted Kingdom General￿ Accepted Accounting Practice}, including Financial Reporting Stsndard 102 'The Financial Reporting Stsndard applicable in Ihg UK and Republic of Ireland., the Chariti8$ SORP 2019 and the A￿demieS A¢counls Direction 2024 10 2025 issued by the Department for Educalion. In our opinion the finarKial sLemenls'. give a true and fair view of the slate of the Academls affairs as al 31 August 2025 and of its incorning resources and application of resources. including ils income and expendrture for the year then ended,. have been properly prepared in accordance wrth United Kingdom Generalty Accepted AccoLtnting Practice," and have been prepared in accordance with the requirements of the Companies Act 2006, the Chanties SORP 2019 and the Academies Accounts Diwlion 2024 to 2025 issued by the Department for Edu&ion. Basis for oplnlon We conducted our audit in accordance with Inlernat*)nal Standards on Auditing IUKI IISAS IUKI} and applicable law. Our responsibilities under those standards are further described in the Audrtors, responsibilrties for the audrt of the financial staternenls section of our report. We are independent of the Academy in accordance wrth the ethical requirements that are relevant lo our audrt of the financial ststements in the United Kingdom. including the Financial Reporting Council'5 Ethical Standard, and we have fulfilled our other ethical responsibilrties in accordance with these requirernenls. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng concern In auditin9 the financial ststemenls. we have cOncl￿￿ed that the TNslees' use of Ihe going concern basis of accounting in the preparation of Ihe financial slalements is appropriate. Based on the work we have performed, we have not identified ary material uncertainties relating to events or condrtions that, individualty or collectivety, may cast signrficant doubt on the Academy's abilty to ¢ontsnue as 8 going concem for a period of at least tsvefve months from when the financial statements are authorised for ssue. Our responsibilitie5 and the responsibilit￿5 of the Trustees with respect lo going concem are described in the relevant section5 of thi5 report. Page 19

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmlted by guarantse} INDEPENDENT AUDITORS. REPORT ON THE FINANCIAL STATEMENTS TO THE MEMBERS OF OEVONPORT HIGH SCHOOL FOR GIRLS (CONTINUED) Other information The other infomiation comprises the information included in the Annual report other than the financial statements and our Auditors, report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not ¢over the other information and, except to the extent otherwise explicffty ststed in our report. we do nol express any fomi of assurance conclusion thereon. Our responsibility is to read the other infomiation and. in doing so, cOnS￿er whether the other information is materially inconsistent wrth the financial statements or our knowledge obtained in the COLbrse of the autlit. or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives nse lo a material misslalement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misslalemenl of this other infomiats"on, we are required lo report that fact. We have nothing lo report in this regard. Opinion on other matters prescribed by the Cofflpanles AGI 2006 In our opinion, based on the work undertaken in the course of the audit.. The information given in the Trustees, report including the Strategic report for the financial year for which the financial statements are pTepared is consistent with the financial 5ts1ements. The Trustees, feport and the Strategic report have been Prepared in accordance with applicable legal requirements. Mattern on vthich we are requlred to report by exception In the light of our knowledge and understsnding of the Academy and its environment obtained in the course of the 8udrt, we have not identified material misststements in the Trustees. report including the Strategic report. We have nothing lo report in respect of the followin9 matters in relation to which the Companies Act 2006 quire$ us lo report lo you if, in our opinion.. adequate accounting records have nol been kept. or returns adequate for our audrt have not been received from branches not visited by us.. or the financial stolements are not in agreement with the a￿oUntIng records and returns. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not recewed aN the information and explanations we require for our audit. Page 20

DEVONPORT HIGH SCHOOL FOR GIRLS ' (A company limitod by guarantee) INDEPENDENT AUDITORS. REPORT ON THE FINANCIAL STATEMENTS TO THE MEMBERS OF DEVONPORT HIGH SCHOOL FOR GIRLS ICONTINUEDI Respon$lb51itie5 of truslees As explained more fully in the Statement of ITuslees' re5ponsibililies, the Trustees (who are also the directors of the Academy for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they gNe a true and fair view, and foT such intemal control as the Trustees detemine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for asses$ing the Academls abilrty lo onlinue as a going concern, disclosing. as applicable, matters related lo going wncern and using the going on¢efn basis of ?￿OUntIng unless the Trustees erther intend to liquidae the Academy or lo cease operat￿nS, or have no realistic altematwe bLrt lo do so. Auditors. responsibllltios for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misstatement, whether due to fraud or error, and lo issue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will a￿ayS deled a material misslatemenl when il exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the eeonomic decisions of users taken on the basis of these financial slalements. Ir￿gularities, including fraud. are instances of non-compliance ￿th laws and regulations. We design procedures in line with our responsibilitses. outlined above, lo detect material misstatements in respect of irregularrties, including Iraud. The extent to which our procedures are capable of delecling irregularrties. including fraud is detailed below.. Our audft procedures have reviewed for evidence of managemenl ovemde, any ongoing legal cases. compleleness of relèled party Iransaclions, as well a5 an ongoing consKleralion of fraud and ifregukritie5 during the whole audit process. Because of the inherent Ilmitslions of an audit, there is a risk that we will not delect all irregulafilies. including those leading to a material misststement in the financial slalemenls or non<ompliance with regulation. This risk ncreases the more that compliance with a law or regulation is removed frorn the events and Iransaetions reflected in Ihe financial slalements. a5 we will be less likely to become aware ol instances of non-compliance. The risk is also greater regarding Fr￿gularItieS occurring due to fraud rather than error, 88 fraud involves nlenlKinal concealment. forgery, collusion. omission or misrepresentèlion. A further descript￿n of our responsibililies for the audit of the financial slalements is located on the Financial Reporting Council's website at". ww.frc.o .uklauditornres onsibililt8s. This de￿rIptIOn fomis part of our Audrtors, report. Page 21

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmltsd by guarantee INDEPENDENT AUDITORS, REPORT ON THE FINANCIAL STATEMENTS TO THE MEMBERS OF DEVONPORT HIGH SCHOOL FOR GIRLS ICONTINUEDI Use of our report This report is made solely to the Academls members, as a body. in accordan￿ wrth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the Academrfs mernbers those matters we are required to slate lo them in an Auditors, report and for no other purpose. To the fullest extent pewmiited by law, we do not accept or assume responsibility to anyone other than the Academy and rts members, as a body. for our audit work, for this report, or foi the opinions we have formed. Laura Waycott FCA (senior ststutory audltorl For and on behalf of Griffin stalulory Auditor Courtenay House Pynes Hill Exeter EX2 5AZ 17112125 Page 22

DEVONPORT HIGH SCHOOL FOR GIRLS (A company Ilmit•d by guarantee INDEPENDENT REPORTING ACCOUNTANfs ASSURANCE REPORT ON REGULARITY TO DEVONPORT HIGH SCHOOL FOR GIRLS AND THE SECRETARY OF STATE FOR EDUCATION In accordance wrth the terms of our engagement letter dated 24 April 2023 and further lo the requirements of the Department for Education IDfEI, as included in the extant Framework and Guide for External Audrtors and Reporting Accountants of Academy Trusts. we have carried out an engagement to obtain limited assurance about whether anwhing has come lo our attention that would suggest, in all material respects, the expenditure disbursed and income received by Oevonport High Sch¢)ol For Girls during the period 1 September 2024 to 31 August 2Q25 have not been applied lo the purposes intended by Parliament and that the financial transactions do not conform to the authorities which govem them. This report is made solety to Devonport High School For Girls and the Secretary of Stale for Education in accordance with the terms of our engagement letter. Our work has been undertaken so that we rni9ht slate to Devonport Huh School For Girts and the Secretary of State for Education those matters we are required lo slate in a report ar￿ for no other purpose. To the fullest extent perni￿ed by law, we do not accept or assume responsibilty lo anyone other than Devonport High School For Girls 8nd the Secretary of Stale for Education, for our work, for this report. or for the conclusion we have formed. Re5pe¢tive responsibilities ol Devonport High School For Glrts's Accounting Officer and the reporting accountant The Accountin9 Officer is responsible, under the requirements of Devonport High School For Girls's funding agreement wth the Secretary of State for Education and the Academy Trust Handbook for ensuring that expenditure disbursed and income received is applied for the Purposes intended by Parliament arKI the financial tran5action5 confomi lo the authorities which govern them. Our responsibilits for this engagement are established in the United Kingdom by our profession's ethical guidance and are to obtain limiled assu¥ance and report in accordance with our engagement letter and the requirements of the extant Framework and Guide for External Auditors and Reporting Aceounlants of A¢8derny Trusts. We report to you whether an￿hIng has come lo our attention in carrying out our work which sugge51s that in all material respects. expenditure disbursed and income received during the period 1 September 2024 to 31 August 2025 have not been applied for the purposes intended by Parliamenl or that the financial transions do not conforrn lo th& authorilyes which govem Ihem. Approach We conducted our engagement in accordance with the Framework and Guide for Extemal Auditors and Reporting Accountants of Academy Trusts issued by DfE, which requires a hmi¢ed assurance engagement as set out in our engagement letter. The objectNe of a limited assurance engagement 1$ to perfomi $u¢h pro￿dureS as to obtain information antl explanations in order tt) provide us wrth sufficient appropr￿le evtdence to express a negative conclusion on regularity. A limited assurance engagement 1$ more limited in scope than a reasonable assurance engagerngnl and consequentty does not enable us to obtain assurance Ihal we would become aware of all significant matters Ihal might be idenlrfied in a reasonable assurance engagement. AccordirvJty, we do not express a posrtive opinion. Our engagement includes examination, on a test basis, of ewdence relevant to the regularty and propriety of the Academy Trust's income and expendilufe. The work undertaken lo draw our conclusion include8'. Review of govemance procedures Evaluation and lesling of the system of internal controls, such as authorisalion and value for money procedures Substsnlrve testing on relevant transactions Page 23

DEVONPORT HIGH SCHOOL FOR GIRLS (A company limlted by guarante•l INDEPENDENT REPORTING ACCOUNTANTS ASSURANCE REPORT ON REGULARITY TO DEVONPORT HIGH SCHOOL FOR GIRLS AND THE SECRETARY OF STATE FOR EDUCATION (CONTINUED} Conclusion In the course of our work, nothing has come lo our attention which suggest in all mater￿1 respects the expenditure disbursed and income received during the year 1 September 2024 10 31 August 2025 has r￿1 been applied to purposes intended by Parliament and the financial Iran5aclions do not conform lo the aulhorilie5 which govem them. Reporting Accountant Griffin Chartered Attountanls Courtenay House Pyne5 Hill Exeter EX2 5AZ Date.. 17112125 Page 24

DEVONPORT HIGH SCHOOL FOR GIRLS IA company limited by guaranteo) STATEMENT OF FINANCIAL AcnvinES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 202S Restricted rixed asset funds 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 As res18ted Tol81 funds 2024 Note Income from: Donations and caprtal grants other trading activilEs Investments 511.930 33,989 60 26,603 19.646 558.179 33,989 60 294,631 23.275 94 Charitable actwilies 314.994 5.708.325 6,023.319 5,405, 604 Total In¢¢me 860,973 5,734,928 19.646 6,615,$47 5, 723.604 Expendlture on: Raising funds Charitable activities 40,306 703.294 40,306 6.S88,033 32,949 7. 762,257 5.811.936 72.803 Total expendlture 743.600 5.811.936 72.803 6,628,339 7, 795,206 Net incomellexpendlture 117,373 177,008) 153.1571 112.792) (2,071,602J Transfers befv￿en funds Net movement In funds before other recognised galnslllosses) 18 (100.0901 86312 13.878 17,283 139,279) 112,792} {2.071.602) Other recogni5ed gainslllosses): Actuarial gains on defined benefit pension schemes Net mov•ment in funds 26 159.000 159.000 96,000 17,283 168,204 139,279) 146,208 (1.975.602) Reconciliation of funds: Total funds brought forward Nel movement in funds 83.447 1168.204) 7,352,051 7.267,294 9.242.896 17,283 168,204 139,279) 146,208 (1,975,602J Total funds caryled for4Yard 100.730 , 7.312.772 7A13,S02 7,267,294 Page 25

DEVONPORT HIGH SCHOOL FOR GIRLS (A company Ilmlted by guaranlee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 The Slalemenl of financial aclivilies includes 811 gains and losses recognised in the year. The notes on pages 30 to 63 form part of these financial statements. Page 26

DEVONPORT HIGH SCHOOL FOR.GIRLS IA company Ilrnlted by guarantee) REGISTERED NUMBER: 07556657 BALANCE SHEET AS AT 31 AUGUST 2025 As restaled 2024 2025 Nole Flxed assets Tangible assets 13 7.391.811 7,457,584 7.391.811 7,457,584 Current assets Debtors 14 246.010 261.430 142.597 429, 762 Cash at bank and in hand 507.440 572.359 Current Ilabllltles C'retlitors.. amounts falling due within one year 15 1411,3281 1485,994) Net current assets 96.112 86,365 Totrl assets less Current liabilities 7,487,923 7.543,949 Creditors.. amounts falling due after more than one year Net assets excluding pension asset I 16 174.4211 (91.655) 7,413,502 7.452.294 Defined benefrt pension scheme asset i liabilty 26 (185.000) Total net assets 7.413.502 7,267,294 Funds of the Academy Restrlcted funds: Fixed asset funds Restricted income funds 18 18 7.311772 7,352,051 16,796 Resth"cted funds excluding pension asset PenS￿n reserve 18 7,312,772 T.368,847 18 (185.000) Total restrkted funds Unrestricted Income funds 18 18 7,312,772 100.730 7, 183,847 83,447 Totsl funds 7.413.502 7,267,294 Page 27

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmited by guarantee REGISTERED NUMBER: 07556657 BALANCE SHEET {CONTINUEDI AS AT 31 AUGUST 202S The financial statements on pages 25 10 63 were approved by the Trustees. and aulhorised for issue on 03 December 2025 and are signed on their behaw, by.. J Jennison Chair of Trustees The notes on pages 30 to 63 form part of these financial statements. Page 28

DEVONPORT HIGH SCHOOL FOR GIRLS IA company limited by guarnntstl STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2026 2024 Note Ca$h flows from operating activities Net cash used in operating activities 20 1167,1301 (263.570) Cash flows from Investlng actlvltles 22 12.676 4. 720 Cash flows Irom financing activities 21 113.8781 (2,493) Change in cash and cash equivalents in the year 1168,3321 (261.343) Cash and cash equivalents al the beginning of the year 429.762 691, 105 Cash and cash equlvalents at the end of the yoar 23, 24 261.430 429,762 The note5 on pages 30 10 63 form part of these financial statements Page 29

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmltsd by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies A summary of the principal accounting policies adopted (which have been applied consislenlly, except where noted). judgments and key sources of estimation uncertainty, is set out below. 1.1 Basls of preparation of financlal statements The financial statements of the Acaderny, which is a public benefit enlty under FRS 102, have been prepared under the histOTlC Cost convention in accordance wrth the Financial Reporting Stsndard Applicable in the UK and Republic of Ireland IFRS 1 C121, the Accounting and Reporting by Charrties.. Slalemenl of Recommended Pradice applicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland (Charities SORP (FRS 10211. the Academies Accounts Direction 2024 to 2025 issued by DE, the Charrties Act 2011 and the Companies Act 2006. 12 Going concern The Board of Twstees has a reasonable expe¢lalion that the Irusl has adequate resources lo continue lo operale for the foreseeable future. The Trustees have considered a number of f8clors in affiving at this conclusion. The Academy had a free reserves position * the 31 August 2025 of £100.730 in addition to restricted reserves of Nil, with £261,430 held ol cash al this date. Going fofwards. the Academy is expanding by 32 pupil$ per year for the next 3 years, and we will start lo benefit from this extra furbding in future years. There is also an ongoing focus on increasing sixth fomi pupil numbers, and the financial benefft of this change is expected in 2025126. A detailed budget for 2025126 has been prepared and updated to include the rise of inflation. and additional staffing costs. This budget for 2025126 15 ini(ially foreca51ing a £279.000 surplu5 after taking these additional costs into account, as well as beginning to implement an actton plan that the Trust has pul in place. Forecasts for future years show SLtrpluses are expected, with a plan in place allowing the Trust lo restore reseNes to within their reserves polrey and foi them to conthnue operating as a going concern. Page 30

DEVONPORT HIGH SCHOOL FOR GIRLS IA Gompany limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng policies {contlnuedl 1.3 Income All incorning resources are recognised when the Academy has enlitlernenl lo the funds, the receipt Is probable and the ar￿)Unt can be measured reliably. Grants Giants are included in the Statement of financial aclivrties on a receivable basis. The balance of income reeeNed for specific purposes bul not expended duriThg the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of meeting any perforrnanee- related conditions there is not uncondittr)nal enlillemenl to Ihe income and ils recognition is deferred and included in creditors as deferred income until the performance-relaled conditions are mel. Where entit￿ment occurs before income is received. the income is accrued. Genera1 Annual Grant is recognised in full in the St*ement of financial aclivrties in the year lor which it is receivable and any abatement in respect of the year is deducted from income and Tecognised as a liability. Capital grants are recognised in full when there is an ￿n￿nditIonal entillemenl to Ihe granL Unspent amounts of capital granls are reflected in the Balance sheet In the restricted fixed asset fund. Capital grants are recognised when there 1$ enlitlemenl and are not deferied over the life of the asset on wh￿h they are expended. Donations Donations are recognised on a reCe￿ab￿ basis (Whe￿ there are no perfomance-related condrtionsl where the receipt is probable and the amount can be Teliabty measured. Other income Other income. including the hire of facilities. Is Tecognised in the year it is receivable and lo the extent the Academy has provided the goods or services. Page 31

DEVONPORT HIGII SCHOOL FOR GIRLS (A company lirnlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ountlng pollcles (continued 1.4 Expenditure Expendf(ure is rectsgnised once there is a legal or constructive obligation to transfer ettjnornic benefit to a third paty. it is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expendrture is classified by activity. The costs of each aclmty are made up of the lolal of direct costs and shared costs, inclLbding support costs involved in undertaking each activity. Diiecl costs attributable lo a single activity are allocated directly lo that activty. Shared costs which conliiTrule lo more than one aclivty and support costs which are not attributable lo a singte actNty are apportioned beknveen those activities on a basis con5iStenl with the use of resources. Central staff ¢o$ts are allocated on the basis of lime spent, and deprecialion charges allocated on the portion of the asset's Use. Expenditure on raising funds This includes all expenditure incurred by the Academy lo raise funds for ils charitable purposes and includes cost$ of all fundraising activit￿S wents and nonharrtable trading. Charitable activities These are costs Incurred on the Academy's eilucional operations. including support cos15 and costs relating lo the governar￿e of the Academy apportioned ID charrtable aclwities. All resources expended are inclu5Ne of irrewverable VAT. 1.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Academy". this is nomally upon noltficalion of the interest paid or payable by the institution wth whom the fijnds are deposited. 1.6 Tangible fixed assets Assets costing £1.000 or more are capitalised a5 tangible fixed assets and are carried at Cost. nel of depreciation and any provision for impaimient. Where tangible fixed assets have been aCqUi￿d wlh the of speeific grants. either from the government or from the private sector, they are included in the Balar￿e sheet at cost and depreciated over their expected useful economic life. Where there are spectfic eondilions attached lo the lunding requiring the continued use of the asset. the related grants are credited lo a Teslrided fixed asset fund in the Statement ol financial activrties and carried foTh¥ard in the Balance sheet. Depreciation on the relevant assets is charged directly to the restricted fixed asset fund in the ststement of financial aclwf(ies. Where tangible fixed assets have been acquired with unrestrthd funds, depreciation on such assets is charged to the unreslricled fund. Depreciation is provided on all tangible fixed assets other than freehold land and assets under conslruclion, al rates calculated lo wnte off the cost of each asset on a slrai9hl-line and reducing balance basis over its expecled useful lrfe, a5 follows.. Page 32

DEVONPORT HIGH SCHOOL FOR GIRLS IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlftg pollcies (continued) 1.6 Tangible fixed assets {continued) Depreciation is provhded on the following bases". Long-lerm leasehold propety Furniture and fixtures Computer equipment 50 or 125 years straight line 20% reducing balance 33.3% slraighl line A review for impairment of a fixed asset is Carried out if events or changes in circumstances indicate that the c8rrying value of any fixed asset may not be recoverable. Shortfalls betsveen the carrying value of fbxed assets at)d their recoverable 8mounls are ￿¢¢gnISed as impairments. Impaiment losses are recognised in the Statement of financial aclivrties. 1.7 DebtorJ Trade and other debtors are recognised at the settlement amount after any Iraje discount offered. Prepaymen15 are valued at the arnounl prepaid net of any trade discounts due. 1.8 Cash at bank and In hand Cash * bank and in hand includes cash and short-term highly liquK4 investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar a¢￿unt. 1.9 Liabilitie5 Liabilities are recognised there is 8n oblig8tTon al the Balance sheet date ag a re5UtI of a past event. il is probable thal a transfer of economic benefit will be required in settlement, and the amounl of the settlement can be estimated reliabty. Liabilitie5 are recogni5ed at the amount that the Academy anticipates rt will pay lo settle the debt or the amount il has reeewed as advanced payments for the goc<ls or serviees it must provide. 1.10 Financial Instruments The Academy onty holJs basic financi81 inslfumenls as defined in FRS 102. The financial assets and financial IBbilils of the Academy and their measurement bases are as folh)ws.' Financial assets - trade and other debtors are basic financial instruments and are debt instruments rneasu￿d at amo¥ts"sed cost as detailed in note 14. Prepayments are not finaKial inslrumenls. Cash at bank 15 cla55ified as a basic financial instrument and is measured al face value. Financial liabilities trade creditors, accruals and other creditors are financial instruThnls. and are measured al amortised eogt as detailed in notes 15 and 16. Taxation and social security are not included in the financial instrtjments disclosure defini(ion. Deferred incorne 15 not deemed to be a finane5al li3bilty. as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. Page 33

DEVONPORT HIGH SCHOOL FOR GIRL.S (A cOm#ahy Ilmltèd by guarante¥l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies {continued) 1.11 Operating leases Rentals paid under operating leases are charged lo the Statement of financial activf(ies on straight-line basis over the ￿sSe lemi. 1.12 Penslons Retirement benefits to employees of the Academy are provided by the Teachers, PensKJn Scheme {'TPS"l and the Local Governm&nt Pension Scheme I"LGPS"l. These are defined benefft schem&s. The TPS Is an unfunded scheme and contributions are calculated lo spread the cost of pensions over employees, working lives with the Academy in such a way that the pension cost 15 0 substanliaNy level percentage of current and future pensionable payroll. The contributions are delermirbed by the Govemment Actuary based on quadrennial valuations using a pro$￿tIVe unit credit method. TPS is an unfunde¢J mulli-employer scheme with no underlyir¥J assets to assign bettveen employers. Consequently, the TPS is treated as a defined contribution scheme for accounting purposes and the contribLrtions recognised in the period to which they relate. The LGPS is a funded mult1￿MplOyer scheme. and the assets are held separately from those of the Academy in separate Trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unil Credit method and discounted al a rale equivalent lo the current rale of return on a high quality corporate bond of equivalent tern and currency to the liabilf(ies. The actuarial valuations are obtained al least triennially and are updated at each Balance sheet dale. The amounts charged lo operating surplus are the current Service costs and the costs of Scheme introductions. benefrt changes. settlement5 and curtailments. They are included as part of staff costs as incurred. Nel interest on the nel defined benefit liabilitylasset is also Tecogni5ed in the Statement of financial aclivrties and comprises the inteiesl Cost on the defined benefil obligation and interest income on the scheme as5els. calculaled by multip￿Ing the fair value of the Scheme 85sets at the beginning of the period by the rate used lo discount the benefrt obligations. The drfference beiween the interest incorne on the scheme assets and the actual feturn on the scheme as￿$ is recognised in other recognised gains and losses. Actuarial gains and losses are recognised immediately in ¢)ther recognised g8ins and losses. 1.13 Agency arrangements The Academy acts as an agent in dislribuling 16-19 bursary funds from DIE. Paymenls received from DfE and subsequent dL5bursements lo students are excluded from the Statement of Finèncial Aclivrties as the Academy does not have control over the chantable application of the funds. The Academy can use up to 2°h of the allocation towards ils own administration costs and this is recognised in the Stalemonl of Financial Activities. The funds receNed, paid and any balances held at year end are disclosed in Note 28. Page 34

DEVONPORT HIGH SCHOOL FOR GIRLS ' (A compahy Ilmlted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng policies {contlnued) 1.14Fund accounting Unrestricted income funds represent those resources which may be used towards meeling any of the charitable objects of the Academy at the discretion of the Trustees. RestrKled fixed asset funds are resources which are lo be applied lo Specif￿ capital purposes imposed by the funders where the asset acquired or uealed is held for a specific purpose. Restricted general funds comprise all other restricted funds received with rest[￿lI0nS imposed by the funderldonor and include grants from the Department for Education Group. Investment income. gains and105ses are allocated to the appropriate fvnd. Page 35

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmlt•d by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Crltl¢al accountlng estlmates and areas of judgment Estimates and judgmen15 are eonlinually evaluated and are based on historical experience and other factors, including expectations of future events that are belteved to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The Academy makes estimates and as$umplion$ concerning the future. The resulling accounting estimates and assumplKJns wll. by definrtion, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment lo the Car￿n9 amounts of assets and liabilit￿5 wrthin the next financial year are discussed below. The present value of the Local Govemmenl Pension Scheme defined benefit liability depends on a number of factors that are detemiined on an actuarial basis using a variety of assumptions. The assumptions used in determining the nel cost Of income for pens￿n$ include the discount rate. Any hanges in these assumptions. which are disclosed in note 26, will impact the ￿rryIng amount of the pension liability. Furthemiore a roll forward approach bthich projects results from Ihe lalesl full adyarial valuation perfoimed al 31 March 2022 has been used by the actuary in valuing the pensions liability al 31 August 2022. Any differences be￿een the figures derived from the roll forward approach and a full actuarial valuation would impact on the carrying amount of the pension liability. Critic31 areas of judgment.. The Academy Trust obtains use of fixed assets as a lessee. The classification of such leases as operating or h'nance leases Tequires the Academy Trust to detemine. based on an evaluation of the lem)s and codition5 01 the aftangements. whether il ￿tainS or acquires the signrficanl ri5k5 and rewafds of ownership of these assets and accordingty whether the lease requires an a55et and liabilty to be re￿gnised in the Balance Sheet. Depreciation is estimated over the useful economic lrfe of an a5sel in order lo write off the value of this asset in line with life. The valuation of land and buildings 15 a signrficanl area of eslirnation within the financial ststemenls. In accordance wrth the Academies Accounts Direction issued by the Department for Education IDE), the Academy Twsl recognises land and buildings at fair value on conversion or acquisition, based on a valuat¢on commis5roned by the DIE and Carried out by independent professional valuers. Subsequent valuations are undertaken al least every fwe years, or sooner if there is evidence of material change. The Valuat￿Tr methodology used is Depreci*ed Replacement Cost IORCI, which reflects the cost of replacing asset wilh a modem equivalent, adjusted for physical deterKJration and obsolescence. The Aeademy Trust recognises an accrual for staff back pay where there is a conslruclNe obligation aTising from contractual agreements. national pay awards. or other formal cornmi(menl$. This estimate invofve5 judgement regarding the timin9, eligibilty. and amount of backdated pay due lo employees. Where final pay awards are pending, the Tru51 uses best estimatès based on available guidance and sector nOTms. Page 36

DEVONPORT HIGH SCHOOL FOR GIRLS IA cornpaThy.Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from donalions and capitsl grants Restrlcted Unrestrlcted Restricted fixèd asset funds funds funds 2025 2025 2025 Total funds 2025 Donaltons Caprtal Grants 511.930 26.603 538,533 19.646 19.646 511,930 26,603 19,646 558.179 Restricted Reslricled fixed asset ftinds funds 2024 2024 Unrestricted funds 2024 Tot81 funds 2024 Donations Capital Grants 256.673 18.945 275.618 19,013 19.013 256,673 18,945 19.013 294,631 Page 37

DEVONPORT HIGH SCHOOL FOR GIRLS (A éompathy limSted by guarantee) ' NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Fundlng for the Academy's charitable activltles Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Education DfE grants General Annual Grant Other DfE grants Pupil Premium Teachers Pay and Pension Grant Core Schools Budget Grant Others 5,075,954 5,075.954 IOS.362 215,703 142,332 78.500 105.362 215.703 142,332 78,500 5,617.851 5.617.851 Other Government grants Local Aulhorty 56.304 56.304 Other incorne from the academy trust's educafjonal operations 314,994 34,170 349.164 314.994 5,708,325 6,023,319 314,994 5,708,325 6.023.319 Page 38

DEVONPORT HIGH SCHOOL FOR GIRLS .IA company Ilmfted by.guarnnloe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Fundlng for the Academy's charltable activities (continued Unrestricted funds 2024 Restipcled funds 2024 TotBI funds 2024 Education DIE grants General Annual Grant Other DfE grants Pupil Premium Mainstream Schools &Jditional grant Teachers Pay and Pension Grant Others 4,662,546 4,662.546 90,497 123.418 148.360 23. 132 90.497 123.418 148.360 23, 132 5,047,953 5047,953 Other Government grants Local Authority 20,092 20,092 20,092 20.092 Other income from the academy trusfs educatlonal operations 291.075 46.484 337.559 291,075 5, 114,529 5,405,604 291.075 5, 114.529 5,405,604 Incorne from other trading activities Unreslrfcted funds 2026 Total funds 2025 Lettings Extemal catering Fees received 6,922 1 S,861 11.206 6,922 15,861 11.206 33.989 33,989 Page 39

DEVONPORT HIGH SCHOOL FOR GIRLS IA company limtted hy,guarnntee) NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 AUGUST 2025 Income from other tradlng activities Icontinuedl Unrestricted ftinds 2024 Tot funds 2024 Lettings External catering Fees received 4,057 8,841 10,377 4.057 8.841 10.377 23,275 23,275 Investment Income Unrestricted funds 2025 Total funds 202S Inveslmenl irKome 60 UnRstncted funds 2024 Total funds 2024 Investment income 94 Page 40

DEVONPORT. HIGH SCHOOL FOR GIRLS IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 Expenditure Staff Costs 2025 Prernlses 2025 Other 2025 Total 2025 Expenditure on fundraising Irading activities.. Oirecl costs Education.. 40.306 40.306 Direct costs Allccaled support costs 4,464,141 774,973 32,477 213.288 733,780 369,374 5.230,398 1.3S7.635 5,239,114 245,765 1,143,460 6,628,339 Staff Costs 2￿24 P￿miSeS 2024 Other 2Q24 Total 2024 Expenditure on fundraising trading actI￿tieS.. Direct costs Education.. 32,949 32.949 Direct costs Allocated support ¢osts 4,063,353 670,448 179,881 251,725 716.028 1,880.822 4,959,262 2,802.995 4, 733.801 431,606 2,629. 799 7, 795,206 Analysis of expenditure by activ5tles Activitles undertaken directly 2025 Support Costs Total funds 2025 2025 Education 5,230,398 1,357,635 6.588.033 Page 41

DEVONPORT.IIIGII SCIIOOL FOR GIRLS (A company Ilmlled by guardntee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Anatysis of expendlture by activities lcontlnued) Aclwits"es undertaken d1￿Cl￿ 2024 Tol81 ftin<ts 2024 costs 2024 Education 4.959,262 2,802. 995 7,762,257 Analysls of direct costs Total funds 2025 Tot* funds 2024 Staff costs Depreck4lion EdUcat￿nal SLtpplies Examination fees Staff devekjpment Educational visits Technology costs External services 4,464.141 61,669 92,192 109,303 11,943 395,585 15 95,550 4.063,353 273, 108 139,682 114,078 16,824 257.370 198 94,649 5,230,398 4,959,262 Page 42

DEVONPORT HIGH SCHOOL FOR GIRLS (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Anatysis of expendllure by Jclivlties lcontinugd) Analysls of support costs Total funds 2026 Total fvnds 2024 Pension finance costs Staff costs Depreciation Other ￿¥ts Recruitment and 5UPPOrt Maintenance of premises and equipment Cleaning Rent and rates Energy costs Insurance Security and transport Catering Technology costs Office overheads Legal and professional Bank interest and charges Impairment Govema s.000 774.973 11.134 389 17.000 670.448 47.281 239 &056 68.573 12. t54 15,624 124,233 18, 795 60,274 13.240 17.491 116.419 16.324 36,551 213.986 35.274 1,753 28,988 8,770 222,359 40,489 6.115 33,361 8,514 1,463,652 14,522 14.685 1,357.635 2,802,995 Nel Incomellexpenditurnl Nel incomel{expendrturel for the year in¢lLKle$'. 2025 2024 Operating lease rentsls Depreciation of tangible fixed assets Fees paid lo auditors for.. audit 19.688 133,616 20,198 320,389 10,050 1,975 9.655 1,675 other services Page 43

DEVONPORT HIGH SCHOOL FOR GIRLS -IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Staff a. Staff costs and employee benefits Staff costs during the year were as follows.. 2025 2024 Wages and salaries Social security costs Pension costs 3,787.500 445.125 974.284 3.555, 106 359.997 814.528 5,206.909 4, 729,631 Agency staff costs Slatt restructuring costs 7.205 25,000 4,1TO 5,239.114 4, 733.801 Stsff restwcturing costs comprise.. 2025 2024 Settlement payTnenls 25,000 25.000 b. Staff number5 The average number of persons employed by the Academy during the year was as follows.. 2025 No. 2024 Teachers A(iministrat#)n and support Management 106 Page 44

DEVONPORT HIGH SCHOOL FOR GIRLS ,.!A comp•ny.limit￿l by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Staff (continued b. Staff number5 (continued The average headcounl expressed as full-time equivalents was.. 2025 No. 2024 No. Teachers Administrat￿n and support Management 51 45 33 92 85 c. Hlgher paid slaff The number of employees whose employee benefrts (excluding employer pension costs} exceeded £60,000 was.. 2025 No. 2024 No. In the band £60,001 - £70,000 In the band £70,001 - £80,000 In the band £110.001- £120.000 In the band £120,001- £130.000 . Key management personnel The key management personnel of Ihe Academy comprise the Trustees and Ihe sen￿[ managemenl team as listed on page 1. The total amount of key management personnel benelits (including employer pension contributions and employer national insurance contributions) received by key management personnel for Iheir seThi¢es lo the Ac•Jemy was £748,96112024- £766,397J. Page 45

DEVONPORT HIGH SCHOOL FOR GIRLS (A company. Ilmilod by guarantsel ' NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. Trustees. remuneration and expenses One or more Trustees has been paid remuneration or has received other benefits from an èmployment with the Academy. The principal and other stsff Twstees onty re￿1ve remuneration in respect of services they provide undertaking the roles of principal and staff members under their contracts of employment. The value of Trustees. remuneration and other benefits was as follows.. 2025 2024 L Sargeant, Head Teacher RernUnerat￿n 120,000- 125,000 30,000- 35,000 110,000- 115,000 25,000- 30.0( Pension contribulior15 paid During the year ended 31 August 2025, expenses lolalling NIL were reimbursed or paid directly to Trustee (2024 - NIL lo Tnjstee). Twstee expenses relate lo mileage claims for travel belween schools. 12. Trustees. and oificers. insurance In accordance with normal comrnercial practice, the Academy ha5 ptsrchased insurance to protect Trustees and officers from claims arising from negligent acts, errors or omissions occurring whilst on Academy business. The Insuran￿ provides cover up to £5,000,000 on any one claim and the cost for the year ended 31 August 2025 was £1,500 f2024 - £1,500J. The cost of this insurance is included in the lotsl insurance cost. Page 46

. DEVONPORTHIGH SCHOOL FOR GIRLS IA ubmpany. limited by guarantee)" NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Tangible fixed assets Long-term leasehold Property Furniture and Computer equipment equipment Total Cost or valuatlon At 1 September 2024 Additions 11,443,392 361,034 613,273 12.417.699 7,030 7.030 At 31 August 2025 11,443,392 361,034 620,303 12.424.729 Depreciation At 1 September 2024 Charge for the year 4.066,300 38.341 284.315 30.150 609,500 4,312 4.960,115 72.803 At 31 August 2025 4.104.641 314,465 613,812 5.032,918 Net book value Al 31 August 2025 7.338.751 46.569 8.491 7.391.811 Al 31 August 2024 7.377,092 76, 719 3, 773 7.457,584 14. O•btors 2025 2024 Oue wlthln one year Trade debtors Prepayments and accrued income Tax recoverable 2,785 236,393 6,832 9.193 121,957 11,447 246,010 142,597 Page 47

DEVONPORT HIGH SCHOOL FOR GIRLS IA ¢ompany.IlmStod by guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Creditors: Amounts falling due wilhln one yfjar As reslaled 2024 2025 DIE loans Trade creditors Other laxalion and social security Other credrtors Accruals and defer￿d income 17,234 6.750 98,891 112.686 175,767 13,8T8 39,594 82,8TO 109.232 240,420 411.328 485,994 Included wrthin DfE loan5 is a salix loan of £1.970 repayable is 5rx-monlhly in$talments over 8 years wrth an applicable annual interest rate of O¥D. 2025 2024 Deferred income al 1 September 2024 Resources deferred during the yea Amounts released from previous periods 171,426 115.703 1171.4261 61.206 171.426 (61,206J 115.703 171,426 Al the Balance Sheet date. the Ac*Jemy was holding funds deferred for trip income relating to 2025126. 16. Creditors: Amounts falling due after more than one year As restated 2024 2025 DfE loans 74.421 91,655 Included within DIE loans is a s81ix loan of £1.970 repayable is Six-monthly inslalmenls over 8 years bwth an applieable annual interest rale of Oyts. Page 48

DEVONPORT HIGH SCHOOL FOR GIRLS IA company limited by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Prior year adjustments A prior year adjuslmenl has been made lo adjust the Fixed as5el fund within the 2022 yearend due lo the CIF loan being recognised wilhin the restr￿ed fixed asset fund not corTeclly in creditors. LInres￿ct*d fund$ 2024 R(tstrlct4d fund$2024 Restiict•d f￿ad asset futtdi 2024 Total Funds 2024 Z024 Net funds as previously stated 83.447 16.796 185.000 7.453 7,368,887 Prior year djustment 101593 101.593 Net movement as restated 83.447 16.796 185.000 7.35WI 7267.294 Page 49

DEVONPORT HIGH SCHOOL FOR GIRLS (A company Ilmlted by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Slalement of funds As restated Balance Jt I September 2024 Balance at 31 August 2025 Trnnsfeys Inlout Galnsl (Losses) In¢om¢ Expèndlture Unrestrlcted funds General Funds 83,447 860,973 1743,600) 1100,0901 100,730 Re$lrl¢ted ggn8ral funds General Annual Grant IGAGI Pupil Premium other DfE GTanls Local Authorty Other ¢urriculum income Erasmus Euroscola PGCC Ptymouth Children in Povety Teachers Pay and Pension Grant Core Schools Budget Grant Pension reserve 5,075,954 {5,162,1661 106,362 1105,3621 48,248 148.2481 56,304 156.3041 86,212 91.025 (91.025) 16.094) 14.584) 15.918) 6.094 5.918 200 {200) 215,703 1215,703) 142J32 1142.3321 26,000 1185,000} 159,000 1168,204> 5.734,928 15,811,936) 86.212 159,000 Page 50

DEVONPORT HIGH SCHOOL FOR GIRLS A company limit*d hy 9u•rantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Ststement of funds Icontlnuedl As restated 8alance al 1 September 2024 Balance at 31 August 2025 Transfers Inlout Gainsl (Losses) Income Expendlture Restricted fixed asset funds Fixed asset5 transferred on conversion 5,883,137 13,2551 5,879,882 Fixed assets purchased from GAG and other reslricled grant5 Devolved Fom)ula Capital AcademE8 Capitsl Maintenance Fund Fixed assets purchased from Local Aulhorrty funding Capital loans- CIF and Salix CIF DIE Donations 64.682 120,174) 44.508 136.450 19.646 120,093) 136,003 517,572 112,352} 606.220 5,65S 5,519 1105,5331 755,47S 94,613 13078 (91,655) 738.682 94,613 116.7931 7.352,051 19.646 {72.8031 13.878 7.312,772 Total Restricted funds 7.183,847 5.7S4.574 {5,884.7391 100.090 159.000 7.312.772 Total funds 7,267.294 6.615.547 16.628,3391 159,000 7,413,502 Page 51

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmitcd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Stsl•ment ol funds Icontinuedl The specific purposes for which furKls are lo be applwl are as follows.. Restricted Fund5 General Annual Grant - Incorne Irom the DIE whKh is lo be used for the norrnal running ￿$ts of the A￿derny, including education and 5UPPOrt C051s. Pupil Premium - Pupil premiurn represents funding received from the DfE for children that qualify for free school rneals to enable the Academy to address the current underlying inequalrties be￿en those children and their weatthier peers. Core Schools Bugel Grant - Incorne from the DfE to Support overall cyeralional cost5, particularly in response to teacher and staff pay awards. Other DfE Grants- Other restricted funding received from the DIE. Texhers pay and pension grant - Funding received from DfE which is provided to support schools and local aLrthorities with the cost of the increase in teachers. pay and empbyer eontribulions to the teachers. pen5K)n scheme. Local Authority- Funding received by Ihe Local Aulhorty lo fund further support for students. Euroscola- This is funding to part¢cipate in a debate at European Parliarrent. Erasmus (Magic of Waterl - This is a funded prc4ect to enable students from European countries to wsil and interact with other European students. PGCC- Regional school's partnership with the Conlucius Inslrtute to expand the teaching and learning of Mandarin Chinese throughout local schools. Ptymoulh Children In Povety - Income used lo support children lo urKlertake xtiwlies that they cannot regulady take part in, such as Duke of Edinbulgh actwilies. Other curriculum income- This represents other source5 of restricted curriculum incorne. Donations- This represents ieslficted donation income. Pension reserve This represents the Academys share of the assets and liabilrties in the Local Government Pension Scheme. As wrth most pension schemes this is currently in deficit due to an excess of scheme liabilrties over scheme assets which was inherf(ed on conversion lo an Academy. The Academy is folbowing the recommendation$ of the actuary lo reduce the deficit by making ad(litsonal contributions over a number of years. Page 52

DEVONPORT HIGH SCHOOL FOR GIRLS IA company1Smlted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Slatem•nt of fund$ (Continued) R•stricted Fixed Asset Funds Fixed assets transferred on conversion This represent the buildings and equipment donated lo the school from the L￿al Authority on conversion lo an A¢ademy. Fixed Assets purchased from GAG and other restricted funds This represents funds transferred from the restricted GAG fund and other restricted funds lo purchase fixed assets.. Devolved Fomiula Capital- This Tepresenls funding from the DfE to cover the maintenance and purchase of the Academy's assets. Academies Capital Maintenance Fund - These funds are received for direct expendi(ure on fixed asset projects. Fixed assets purchased from Lccal Authority funding- This represents funding used to create a rest room in the school. Capttal loans - Capttal Improvement Funding and Salix - This represents funding provided the DE in the form of a loan lo be used towards the CIF heating project. Capital Improvement Funding This represents fundin9 from the OfE for the AC￿erny lo carry out a healing improverrenl projed. DfE Donations - This repTe$ent$ the value of assets that were gifted lo the Academy. Under the funding agreement with the Secretary of Slate, the Academy was r￿1 subject to a limit on the amount of GAG rt could carry forward at 31 August 2025. Page 53

.DEVQNPQRT HIGII. SCHQQL FQR GIRLS (A ¢ompany1Smlted by guorantee) NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statement of funds Iconlinuedl Comparative information in respect of the pre¢8ding year is as folbws.. As restated Balance 81 I September 2023 As res181ed Balance at 31 August 2024 TrnnsferyJ in/out Gain (Losses) Income Expendilu Unrnstricted funds General Funds 9T.168 571,117 (621,202) 36,364 83,447 Restricted general funds General Annual Grant IGAGI Pupil Premium Mainstream Schools Additional Grant Other DfE Grants Local Authority other curriculum income Erasmus Eufoscola 331,933 4.662.546 90.497 (4.937.952) (90.497) (56.527) 123,418 (123,418) 23.132 20,092 (23, 132) (20,092) 61,fj69 f61.669) 6.094 4.678 8.907 6,094 4,584 5,918 3.760 f3.854) (2.989) PGCC Plymouth Children in Povety Educational trips Teachers Pay and Pension Grant Pension reserye 200 200 36.364 (36,364) 148,360 (148,360J (303.OOQJ 22,000 96,CXKI (185.OCQ) 8&176 5,133,474 (5,389,963) f92,891) 96,000 (168.204) Page S4

DEVONPORT HIGH SCHOOL FOR GIRLS (A company'llmiièd liy guar•n¢ee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Stalement of funds Iconllnuedl As restBled Balance al t Septembe 2023 As ￿stated Balance at 31 August 2024 Tr8nsfery in/out Gainsl (Lossesj Income Expenditu Restricted fixed asset funds Fixed assets transferred on conversion 7,522,964 (1,639,827) 5.883, 137 Fixed assets Pufchased from GAG and other restricted grants Devolved Formula Capital Academies Capil81 Maintenance Fund Fixed assets purchased from Local Aulhorty funding Capital loans- CIF and Salix CIF DIE Donations 84, 635 f76,480) 64,682 155.251 19.073 (35,511) (2.303) 136,450 $29,978 (t2,406) 517.572 5,791 f136) 4655 (107.503) 772.267 97, 169 (333) (16, 792) (2,556) 2.303 {105,533J 755,475 94,673 9.060,552 19,013 (l. T84,041) 56.527 7,352,051 Total Restrlcted funds 9. 145, 728 5. 152,487 (7, 174,004) (36,364J 96,OC 7, 183,847 Total funds 9.242,896 5, 723,604 (7. 795,206) 96,000 7,267,294 Page 55

• DEVONPORT HIGH SCHOOL FOR GIRLS. . IA Gi)inpany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S
• Analysis of net assets beiween funds Analysls of net assets between fvnds- current year Restricted Unrestylcted fixed a55et funds fundy 2025 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year Creditor5 due in more than one year 7.391.811 7,391.811 12,615 507.440 117.2331 1411.3281 74,4211 174A21 494,825 1394,0951 Totsl 100.730 7,312.772 7N13.502 Anatysis of net assets between funds - prior year Restrict8d Reslricled fixed asset funds funds 2024 2024 UnTrslricted funds 2024 Tot81 funds 2024 Tangible fixed assets Current assets Creditors due wilhin one year Creditors due in more than one year Provisions for Irabililies and charges 7.45T,584 7,457,584 572.359 f13.878J (485,994) f91.655J {9t,655) 1185.OCQ) 555,563 (472, 116J 16, 796 f185,OOOJ Total 83,447 (168.204J 7,352,051 7.267.294 Page 56

DEVONPORT HIGH SCHOOL FOR GIRLS 'IA Company limlted,by guarantwl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 20. R•¢onciliation ol not •xpenditure to net cash flow from operatlng a¢llvlties 2025 2024 Net expenditure for the year las per Statement of financial adivitiesl (12.7921 f2,071,602) Adjustments for: Impairment of tangible fixed assets Depreciation Capital grants from DE and other capital income Interest receivable Defined benefrt pension scheme cost less ¢ontribul¢tins payable Defined beneff( pension scheme finance cost Increase in debtors (Decreasellincrease in creditors 1,463,652 320,389 (19.013) f92) (33.OOOJ i 1,000 (77.485) 142.581 72,803 119,6461 1601 131,0001 5,000 {103.4131 178.0221 Net cash us•d in operating activities {167,130) (263,570) 21. Cash flows from financing activiti•s 2025 2024 Rep￿entS of DfE loans (13.8781 (2,493) Net ush usod in financing activities (13.8781 (2,493) 22. Cash flows from investing activities 202S 2024 Interest recewed Purchase of tangible fixed assets Capital grarbls from DfE Group 60 17,030) 19,646 92 173.570) 78, 198 Not cash provided by investing activities 12.676 4,720 Page 57

DEVONPORT HIGH SCHOOL FOR GIRLS (A company limit￿ by 9Uafanteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 23. Analysis of cash and Cash •quivalents 2025 2024 Cash in hand and at bank 261.430 429. 762 Total cash and cash equivalents 261.430 429, 762 Analysis of changes in nel debl At1 September 2024 Cash flows Other non. cash At31 changes August 2025 Cash at bank and in hand Debt due within 1 year Debt due after 1 year 429.762 {13.8781 {91,6551 1168.3321 13.878 261.430 (17,2341 {74,4211 (17,234) 17,234 324.229 1154.4S41 169.775 Contingent assets The actuary has valued the LGPS pen5ton position as an overall asset of £596,000 at 31 August 2025. However, this asset has not been recogni5ed on the balance sheet of the Acaderny Trust. Instead the year end position has been cap￿d at Nil. Academy Trusts are pcoled wthin their respective L¢xal Government Pension Schemes and a refund from the scheme is considered unlike￿. Therefore, as the Academy Trust wim not gain any future economic benefits as a result of the asset position. rt is not considered appropriate to iecognise this as an asset on the balance sheet. 26. Penglon commltments The Acadèmls employees belong to principal pension schemes.. the Teachers, Pension Schemè England and Wales ITPSI for academic and related staff,. and the Local Government Pension Scheme ILGPSI for non-leaching staff, which is managed by Ptymoulh County Council. Both are muMi*mployer defined benefrt schemes. The latest actuarial valuation of the TPS ￿lated lo the period ended 31 March 2020 and of the LGPS 31 March 2022. Conlributiorb5 amounting lo £107,990 were payable to the schemes al 31 August 2025 (2024 - £97,966) and are included within creditors. Page 58

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmit￿ by guarant¢e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 26. Pension commitments (continued Teach•rs' Penslon Scheme The Teathers, Pension Scheme {TPSI 15 a statutory, contributory, define(I benefft scheme, govemed by the Teachers, Pension Scheme Regulalions 2014. Membership is automatic for full-time leachors in academies. All teachers have the option lo opt-out of the TPS following enrolfflent. The TPS is an unfunded scheme to wh￿h both the member and employer makes contributions, as a pereenlage of salary - Ihese conlribLrtions are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliamenl. Valuatlon of the Teachers. Penslon Scheme The Govemment Actuary. Ljsing normal actuafial principles, conducts a fomial actuarial review of the TPS in accordance wrth the Public Service PerIS￿n5 (Valuations and Employer Cost Capl Direclh)ns 2014 published by HM Treasury every 4 years. The aim of the review is to ensure scheme costs are recognised and managed approprialety and the revw Sp￿lfieS the level of future contributions. Actuarial scheme valuations are dependent on assumptions aboLbt the value of future costs. design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as al 31 March 2020. The valuation report was published by the Department for Education on 27 October 2023. with the SCAPE rate. set by HIAT. applying a notional investment retum based on 1.7% above the rale of CPI. The key elements ol the valuation outcome are". Employer contribution rale8 Sel al 28.68Y(t of pensionable pay (including a 0.08% administration levyl. This is an increase of 5°h in employer contributions and the ¢ost control resutt is such that no change in membeT benefits is needed. Total scheme liabili(ies (pensions currentty in payment and the estimated cost of future benefitsl for service to the effective date of £262,000 million and notional asse15 le5timaled future contributions together with the notion81 investments held al the valuation datel of £222.2CO million. giving a notional pasl s8Nice deficit of £39,800 million. The result of this valuation was irnplemenled on 1 April 2024.The next ValUat￿n result is due lo be implemented from 1 April 2027. The employerfs pension costs paid to TPS in the year arw)unted to £807.242 {2024 - £663,401). A copy of the valuation report and supporting document8lK)n is on the Teachers, Pensions website. Ihttps'.IlvMv.teacherspensions.co.ukJnewslemployers120231101valuation-result.aspxl Under the definrtions set out in FRS 102. the TPS is an unfunded mulli*mployer pension scheme. The academy trust is unable lo identify it5 share of the under￿l￿g assets and liabilrties of the plan. Accordingty, the Acaderny Trust has taken advantage of the exemption in FRS 102 and has accounted for its contributions to the scheme as if it were a defined contribution scheme. The Academy Trust has set out above, the inf0m￿li0n available on the Scheme. Page 59

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 26. Pension commitments Icontlnued) Local Government Penslon Scheme The LGPS is a funded defined benefit pension scheme, with the assets held in separate trustee- administered funds. The totsl Contribution made for the year ended 31 August 2025 was £246.000 (2024 £228.000), of which employerfs contributions lolalled £195,000 (2024 £180,(￿1) and empbyees, contributions lotalled £51.000 (2024 - £48.OOOJ. The agreed contribution rates for future years are 15.3 per cent for employers and 5.5 and 12.5 per cent for employees. As described in this nole the LGPS obligation relates lo the employees of the Acadery, who were the employees transfer￿d as part of the conversion from the maintained school antj new employees who were eligible to, and did, join the Scheme in the year. The oblpalion in iespect of empbyees who transfeNed on conversion represenls their cumulaltve service at both the predecessor school and the Academy at the balance sheet date. Parliament has agreed, at the request of the Secretary of State for Education. lo a guarantee that. in the event of academy closu￿, outstanding Local Government Pension Scheme liabilf(ies would be mel by the Department for Education. The guarantee came into force on 18 Juty 2013 and on 21 July 2022, the Department lor Educalion reaffime(l its commrtmerbt to the guarantee, with a parliamentary minute published on GOV.UK. Principal actuarial assumptions 20 2024 Rale of increas8 in salaries Discount rate for scheme liabilities Inflation assumption ICPII 3.50 6.95 2.50 3.85 5.05 2.85 The current mortalty assumptions include sufficient alhjwance for future improvernent5 in mortality rates. The assumed lrfe expectations on retirement age 65 are.. 2025 Years 2024 Y8afS Retiring IL￿Y Males Females 21.3 24.0 21.4 22.7 Retiring in 20 ye815 Males Females 22.9 25.7 22.7 24.1 Page 60

DEVONPORT HIGH SCHOOL FOR GIRLS (A Company Ilmiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 26. Pension commitments {continuedl Sensitivity analy$i$ 2025 £Doo 2024 Discount rale +0.1U 151) 53 81 (79) 51 (50) (63) Discount rale ￿.10A Mortality assumption - 1 year increase Mortality a$sumplion- 1 year decrease CPI rate +0.1 % CPI rate-0.10h 106 f103) 61 f60) Share of scheme assets The Academy's Sha￿ of the assets in the scheme was.. At 31 Al 31 August August 2025 2024 Equilie5 Gilts Propety Cash and other liqupj assets Olhef 2,009.000 1,034,000 294,000 101,000 377,000 1.839,O¢X) 779,000 249,000 428,000 Total market value of assets 3,815,000 3,379.0(Kl The actual return on scheme assets was £263,000 (2024- £362,000). The amounts recognised in the Statement of financol &tivi(ies a￿ a5 follows.. 2025 2024 Current service cost Interest Income Interest cost Adminislralrve expenses (162,0001 175,000 {180,0001 12,0001 (745,000) 157,000 (168,OGQ) (2,000) Total arnount recognlsed in the Statement of financial activities (169.0001 (t58,000) Page 61

DEVONPORT HIGH SCHOOL FOR GIRLS IA company Ilmltsd by guarantsal NOTES TO THE FINANCIAL STATEPJIENTS FOR THE YEAR ENDED 31 AUGUST 2025 26. Pension commitments {continued) Changes in the present value of the defined benefit Obl￿ationS were a$ follows.. 2025 2024 At 1 September Current service cost Interest cost Employee contributions Actuarial Igainsylosses 8enefils paid 3,564,000 162.000 180.000 51.000 171,0001 171,0001 3,205,000 145,000 168,000 48,000 109,000 (111.000) At 31 August 3.815,000 3.564,000 Changes in the fair value of the Academ¥s Sha￿ of scheme assets were as follows.. 2025 2024 At 1 September Interest income Actuarial gains Ernpbyer conlTibulions Empkjyee contributions Benefits paid Administration expenses 3,379,000 175,000 88,000 195,000 51.000 171.000) (2.000) 2.902.000 157.000 205.OGY) 780.000 48.000 (1t i,oooJ {2.OOOJ At 31 August 3.815.000 3.379.000 27. Operatlng lease ¢ommltments At 31 August 2025 the Aeademy had commttments lo make future minimum lease payments under non- cancellable operating leases as follows.. 2025 2024 Nol later than 1 year Later than 1 year and not later than 5 years 17,927 13.691 19,687 31,618 31.618 51,305 Page 62

DEVONPORT HIGH SCHOOL FOR GIRLS IA company limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 28. meM￿r$. liability Each member of Ihe charitable company undertakes to ¢onlribule lo the assds of the company in the event of it being wound up while helshe is a member, or within one year after helshe ceases lo be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before helshe ceases to be a member. Related party transactions (Jwing to the nature of the Academy and the composition of the Board of Trustees being drawn from local public and private sector organisations. Iransaclion5 may lake place with organisalions in which the trustees have an interest. All transactions Invo￿1n9 such organisalions are conducted in accordance wf(h the requirements of the Academy Trust Handbook. including notifying the DfE of all transactions made on or after 1 April 2019 and obtsining their approval where required, and with the Acadernls financial regulations and normal procurement procedures relatin9 to connected and related party Iransaclions. No related party Iransxlions took place in the period of ￿cOUnt, other than certain Trustees. remuneration already disclosed in note 11. 30. Agency arrangements The Academy dislribules 16-19 bursary funds to students as an agent for OfE. In the accounting period ended 31 August 2024, the Academy received £28.131 (2024.. £27,794), disbursed £27.568 12024.. £27,238) from the fund and retained £56312024.. £5561 as their 2Vo admini51ralion allocation. There were no undislributable funds at the year end. Page 63