2025-08-31-accounts

GA YHURST SCfrIOOL TRUST IA Cfxnpany Limited by Guarantee and not haying a Share Capital) GOVERNORS. REPORT ANO AccouKrs YEAR ENDED 31 AUGUST 2025 •AETrMF014È 1￿1212025 COMPANIES HOUSE A15

106

Company Registered Number: 2209385 Charity Registered Number: 298869

GAYHURST SCHOOL TRUST GOVERNORS, REPORT YEAR ENDED 31 AUGUST 2025 Governors Mr R Skinner (Chairl IArs E Halliday Mr5 G Fienberg Mr5 S Kerr Mrs A Borwick Mr S Potts Ms T Hartley hlr A Wallace Mr N Garner Mr G MacPhee The Governors are the th'rectors of the ccrfryany and the charity trustees. Offlcers and Advisors Acting Head from 29103125 Head to 28103125 Mr Davfjd ￿tshne11 Mf Gafeth R A Davies Bursar and Company Secretary Mrs Vanessa Lakatos Addres5 and Registered Office Gayhurst khool Bull Lane Gerrard5 Cross 6uckingham5hire SL9 8RJ Bankers Naticffial Westminster Bank PIC High Wycombe Buckinghamshire HP11 2AG Auditors Haysmac LLP 10 Queen Street Place Lond EC4R 1AG Solicitors Mcore Barlow LLP The Oriel Sydenham Road, Guildford GU1 35R Insurance Brokers Haye5 Parsons St Lawrence House Btistol Street Bristol BS1 2HF All Governors attend the Full Board meetings, and the c(¥nmTttees are: FinarKe & General Purp05es-S Potts Ichairl E Hallidayi A Borwick, G MacPhee. R Skinner lex- officlol Admi55ion5 & Marketing-s Kerr {Chairl. R Skinner. N Gamer Education - A Wallace (Chairl, T Hartleyi G rIen￿er4• R Skinner {ex-officiol

OVERALL OBJECTIVES The overall objectives are, a5 set out in the Memorandum of Ass(tiation, to promote aiNI provide for the adVa￿ernent of the education of chTldren. Gayhurst SchcM)l aims to enable all pupils to reach their potentlal and be fully prepared for any Secondary school their parents may ch005e. Gayhurst's highest prior7ty is the safety and welfare of its community, and we apply an unwavering commitment to safeguard its pupils to all our decisions and actic￿s. Gayhurst strives for all children to reach their highest academic standards while ensuring the development of well-rounded individuats are confident, irKlependent and resilient. Pw)iis are encouraged to take part in a WTde range of extracurricular actTvities to enrich their broader education and personal development. The sch)ol aim5 to widen public access to its educatfcrtlal provisfcffl as mLth as posslble wlthln the context of our funding as an indeperKlent education provider and registered charity. Gayhurst encourages use of the sch¢y)I's fadllties for wblic benefit and interacts positlvely with the local community, aiming to encourage its pupils to contribute to society. In achieving its overall objectives. Gayhur5t prepares gTrls and boys from age5 3 to 11 for their life at secondary school and beyond. ObJectlves for the Year Over and above the overall objectives noted above. the 5chcd had following specific objectives for the year ended 31 August 2025.. To maintain high levels of academic excellence. To prepare pupi15 for entry Into the rn￿t appropriate secondary Sch￿[5 commensurate with thelr Skills. abililies and wislEs of their parents. To continue to develop sporting. artistic. M￿lca1. trf¢xmance and cultural opportunities. To extend extra-curricular activities and provide a wide. age.appropriate choice for all pupils. To ensure the Sc￿1 is fLlly prepared for an inspectlon by ISI To promote the value5 and benefits of Gayhurst as a c0-ed￿alTona[ school. To support recruitrnent aTrJ retention of high-quality Staff. To continue to market the schc)l actively, t¥Jth extemally and internally. To (C￿tInue tracking pupils. development to ensure each chaid Is monitored and strategies are Tdentified to enhance their leaming with sultable challenge or intervention where required. To review on an ongoing basis PL￿TC benefit aThJ wider comrriunSty engagement In Ilne with funding constraints. To mon7tor the ongoing political ecLW)omic situation arKI ￿SUre Gayhurst is best placed to take advantage of op￿rtinI￿e$ to thrive. The school has met its objectives for 2024125 as outlined in the revie+V of performance and achievements section of this report.

Thi5 academic year saw a change of leadership. as Gareth Davie5 left Gayhurst School after almost nine years as Head. The Board has invited application5 for the role of Head from internal and external candidates and expects to complete the selection and appointment process by the end of the autumn term, 2025. PUBLIC BENEFIT The governors confirm that they have complied with the duty in Secti￿ 4 of the Charitie5 Acl 2011 to have due regard to public benefit gLrida￿e published by the Charity Commission in determining the activities undertaken by the charity. The schcol is cofflmitted to the concepts of access aThJ ¢Jpportunity for public benefit iti the last year the school provided means-tested support for 9 pupils lirKluding 2 who were displaced from Ukraine by warl who otherwise wtyjld not have been able to acce5S the school's provision, to the value of £146,1XJ). Beyond the benefit of providing a hTqh-quallty ed￿atIon to all the pupils of Gayhurst khool, which equips them with skTILs for their future. the schcM)l also provided wider public benefit throLFgh partnerships with ILKal state schools and ¢JJr local community. Gayhurst has enjoyed creating events and new opportunities to w¢yk with our neightK)uring schools and communlties. The school. staff and PLpib continue to work hard to 5￿pOrt local Comny￿ItY and charities in many different ways including: Partnershlps with lttal state schools- Gayhurst continues to be used as an exam centre for LAMDA by local children from other schools. Several members of Staff are govemors at I(￿al state s(hc¥)Is and Gayhurst is happy to SLpport them Fn their vdunteer roles. Gayhur5t hosted a local sports partnershlp cross Co￿try event for 13 schools Gayhurst h05ted the Maths Challenge Final,18 different schools We￿ involved. Gayhur5t hosted a rugby tournament for Sch￿￿$ l(Kally. A local primary school was imiited in to participate In STEAM week Shared visits to Gayhurst and other local schcds as part of teacher professional develcpment Local Communfjty support: Gayhurst attends a￿1 sp￿50r5 the Ccrfmiunity Feast Day in Gerrards Cross Gayhurst actively promotes events for local churche5. groups and sdb))Is vEa iyjr parent Communicati￿$. The Gayhurst community choir performed at the local Feast Day and at a ￿idential home for the elderly. Pupi15 from Gayhurst represent the 5thwl anrbually in the local C￿lMUnItY remembrance kThice. The Metropolitan Police use the school buildings and site several tiwes each term for training of their dogs. Harvest Festival - P￿lIS delivered produce toilected at the haryest festival to the F&)dshare Charity In Slough

Gerrards Cross gir15 cricket team use the schth)I for weekend training Gerrards Cross Tennis Club use the car park on evening5. weekends arml knliday5 The Ttrh)mas Franks catering team worked with Year 6 to cojk meals wh?ch were donated to their Feeding Communlties Tnitiative. Tr catering team also created and distrityJted other meals for the initiative. RISK MANAGEIAENT The governor5 have a duty to identify and rewew the risks to which the schcrf)l is exwsed and to ensure appropriate controls are in place to provbde reasonable assurance against fraud and error. The governors assess the major risks to which the school is exposed and are satisfied that systems are In place to manage exposure to these risks. Risk management is a matter of on-going policy and govemors continue to keep the 5chwl'5 exposure to these rlsks under review. The risk management documentatlon Is revtewed at every committee and updated at least annually. Responsibllity for identified risks remains a standlng item on appropriate governor 5ubcomm?ttee agendas. thereby ensuring a dedicated fccus on risk5 arKI controls. The main areas of risk are cor6idere(I to be: External factors: the sector, ecmomic and w)litical Financial Health & Safetylsafeguarding: chlld, rnember of staff, volunt&r c visltc sufferlng physical or emotional harm Regulatory compliance failure Interruptlon to bus1￿51rePUtatic￿al damage External Fartors -The risks retating to the"impact of VAT on sclwl fee5 and1055 of charity tax benefits are monitored aThJ considered in future planning for the School. The school continues to work with the Indepwdent Schools Council. ISBA and other representative bodies in response to the tax changes Implemented by the Labwr g¢)vernment. The governors a￿1 senior leadership monitor the economic climate and market competitivene55 and consider the effect5 of Inflation, interest rate changes and a potential drop in pupil numbers in budgeting and forward planning Kenarios. The risk of cyber-attack is addressed through staff training and working with IT contractors to minTmise the likelihood a￿1 severity. Flnanclal rlsks - the sctr*x)I continues to monTtor the ongoing implications of the application of VAT to school fees and recovery of VAT on expenditure, loss of busi￿5 rates relief and increased employrnent costs, focusing on the affordability of fees. The subsequent risk to the school is a reduction in pupil numbers and an increase in bad debts. Costs continue to be réoulariy reviewed and cost pressures arising from extemal factors are ident?fied at an early stage and managed a5 far a5 Possible by the preparation and control of school bLKlgets involving budget holders acros5 the school. The 5chwl aims to ensure timely collectlon of fee income and management of debtor5 to mTnlmlse losses. . The risk of harm - this is addressed through maintaining and implementlng robust safeguarding. child protection, safer recruitment and health and safety pollcles practices. A health and safety consultant is engaged to provide professional oversight and gLridance. There is a focus on awareness by all. regular training frx all staff and regular review meetings of the safeguarding and health and safety teams.

Regulatory compliance 15 ensured by rewew and update of all school policie5 on a predetermlned cycle and checking of implementation by 5enTor staff and governo￿. Rlsk of buslne5s Interruptlon through critical incidents 15 managed. where it can be, through risk assessments and regular preventative health and safety checks. An emergency plan is in place to provide guidance on to deal with. and minimise, the impact of external critical incidents. REVIEW OF ACHIEVEMENTS AND PERFORMANCE The 2024-25 academic year was arwxher strong and s￿(eSsI￿1 chapter in the life of the schwl. Despite the intrcxluction of VAT on s(￿Y)1 fees, pupil numbers remained robust, and we continued to lead the way I￿allY in co-education. A major mllestone was the opening of our new facilities-including the Sports Hall. AL#litorium, changing rooms. 5taffroom and dance Studio, as well as the new entrance and foyer-which are already having a positive impact on school life. Key highlights from the year Tnclude: 9 scholarships were awarded to Year 6 pupils across a broad range of di5cipline5: Academic. Art, Drama, Music and Stwt. Our 46 Year 6 leavers progressed to 20 different Senior schty)Is. Three Year 6 teams reached the National Finals of the Fl in Schwis ctxnpetition, 5ecurinq awards for Best Engineered Car and Best Pijrtfolio in the primary category. A Year 6 pupil achieved first place in the IAPS s￿rnM1￿g gala. We delivered three vibrant enrichrrnt weeks. themed around our school values and STEAIA. The school was once again awarded Green Flag status. recognising our ongoing commitment to 5UStainability and environmental awarenes5. Our Harvest coLlection of 630kg of was the single largest donati￿ to our Iccal f￿4]bank. . PupTls across the schcd continued to excel in LAAIDA examination5. Wlth many achieving thstinctir)ns arKI Merits. These achievements sit alc￿9s?de the many regular leatures of sch￿1 life-. Prod￿¢1￿5, concerts, carol semces, assemblies, charity events. LK¥)k fairs. 5POrt5 fixture5 and fflore-all of which contribute to the rich and varied ed￿ational experience we offer. Our pupils continue to embrace these opportunities Wlth wthusiasm. developing both academically and personally. Our Year 6 pupils were well prepared for a wide range of senior school destinations. with 7¢YA of those securing places at independent schcds. Charitable giving remained a strong feature of School life. Pupits and familie5 5UPPQrted a range of causes thr¢)ugh donations of fo￿. clothing and tOy5, as well as fundraising for organisations yJch as Children in Need, the Royal British Legion, Slough Food Bank, The Great British Bark Off arKI Macmillan. The Gayhurst Parents Association {GPAI also played a key role. with the Summer Fair standing out as a highlight. Their f￿)draiSing efforts helpd part.f￿d a new adventure play4fowKI. which 15 noFrt in use. Our COntrit￿tion ro the wider community wa5 equally significant. We h05ted a Large cros5- country event, several rugby toumaments. and a rnaths competition for local schc¢Jls. The school also welcome¢J external candi¢Jates for L￿aDA exam5. SUPPOrted tx)lice dog training, and provided facilities for Ifxal ftX)tball and tenni5 groups. A new gym cl￿> ha5 been launched

by an external provider, marking the beginning of a broader strategy to maximise the use of c4Jr new facTlities. Additionally. wr school choir and parent ccffnfflunity choir performed at a local feast day> further strengthening ccmnmunity ties. These highlights are just a snapshot of a year that reflects the schcd's commitment to dellvering a well-rounded. ambitious education. Our focus remains firmly on enriching learning, nurturing pastoral care. and supporting the personal development of every child. The school is indebted to Tts dedicated staff for their tireless effort5, to our goverrK>rs for their guidance and oversight. and to parents for their C¢￿tinUed suptK)rt. As we look ahead, we do so with confidence. the schc()l is well-F#)sitioned to meet futu challenges and Contin￿ to thrive. REVIEW OF FINANCIAL ACTivmES The Finance & General Purposes Committee Supervises the schTh)I's financial affairs and meets at least once each term. The comm?ttee liaises closely with the School's Bursar who is responsible for the day.to.day management of the 5cknI's finances. A target fcK financial perfomiance has been set for net incomirffg resources (excluding donations) to be in the range of 4% to 8% of total annual fee income. .In the year ended 31st August 2025 the figure was £103.639 or 2% of fee income, down from £3CQ,520 or 6% of fee income in the year to 31 August 2024. Whilst this 75 below the long-standing target, it 15 a positive result in a year when VAT has been applied to fees. busines5 rates relief was removed and employer's national insurance contributions Increased. The Khool'5 banking arrange￿￿ts continue to (perate satisfactorlly. A new loan of E4.3m was agreed with the school's bank to fund the building projett aThl draw down began in October 2024 when the loan was merged with the purchase loan from 2022. Interest only payThent5 I￿11 run f(Y 12 months from start of draw down. Cash management is g(KKI with proactlve management of debtor5 and minimal outstand7ng fees. Reserves and Financial Health The govemors, policy Is to maTntain free re5erve5 (fwds not designated or tled up In flxed assets) through annual surpluses to supwt the development of the school and its charitable purpose. Reserves may be used to fund speafic project5 alongside an appropriate and prudent level of borrowings If necessary. The schwl currently has total unrestricted f￿dS (excluding de51gnated fund51 of £8.405.511 12024.. £8,301.8721. FLrruRE PLANS The governlng board wlll supwrt the Head, the Senior Leadership Team and the staff in delivering the sch(K)I's aims and UFdated strategic objectives offering a broad. high quality education to children in Nursery to Year 6. The schwl will c￿tinUe to proThte the values arKJ benefits of co- education for primary aged pupil5. Pupais will continue to benefit fmm enriched learning to develop c(¥)fidence. Independence and resilience a5 core values that are promoted In all aspect5 of the education at Gayhurst. The enrichment programme will continue to offer WTde and varied opportunities to cater for the learning need5. interests skill devel¢wment of all pupils. Sports, creative and performing art5 will continue to be valued as key components of the broad education Gayhurst offers and the new 5POrts hall, auditorium and associated facilities will further enhance th7S. The wellbeing of pupils will continue to be pron¥)ted. taught. and embedded into the comprehensive pastoral supp)rt provided. School policies and all other documentati¢)n wrll continue to be reviewed by the Head, the SenTor Leadership Team, and govenx)rs to ensure ongoing compliance arKI implementation.

New governors will be appointed as requfjred. Fundraising Performance The charity Is registered with the Fundraising Regulator and has appointed a professlonal fundraiser. During the autuffln of 2024, a small intemal fundraising appeal was conducted to engage key stakeholders a5 part of an initial participatory campalqn. No furnjraising complaint5 were ieceived during the year ended 31 August 2025. STATEMENT OF GOVERNORS. RESPONSIBILITIES The goverrK)rs Iwho are also directors of Gayhurst School Trust for the purposes of company lawl are responsible for preparing the governors. ￿pOrt and the financial statements in accordance with applicable law a￿1 regulati(ms. Company law reoulres the governors to prepare fina￿la1 state￿n¢$ for each financial year. Under that law the governors have elected to prepare the financial Statements in accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom Acc(￿ntIng Standards and applicable law}. Under comparby law the govemors must not approve the financial statements unle55 they are sat15fied Ihat they give a true and fair view of the state of affairs of the charitable company and of the profit or loss of the charitable cThnpany for that period. In preparing these fina￿la1 statements. the governor5 are required to: Select suitable aCcO￿tIng poliae5 then apply them consistently. observe the methods aThl prirKiples In the charities SORP. make )￿IgMentS aThJ acc(xJnting estimates that are reasonable and prudent. State whether applTcable UK acC￿ting standard5 have been followed. subject to any material departures disclosed and explained in the financial statements. prepare the financTal statements on the going (￿cern basis unless it 15 inappropriate to presume that the ccffipany will continue in b￿lneSS. keep adequate accounting records that are sufficient to show arKI explain the charitable company's transactions and disc105e with reasonable accuracy at any time the financial position of the company and enoble them to ensure that the financial statements comply wirh the c￿MpanieS Act 2￿. safeguard the assets of the charitable company aTrJ her￿e take rea%)nable steps for the prevention and detecti￿ of fra￿ aThJ other irregularities. So far as each of the goverTh)rs is aware at the time the rem is approved: There is no relevant a￿11¢ information of which the charitable comparys auditors are unaware: and The governors have taken all step5 that they ought to have taken to make themselves.aware of any relevant audit 7nf0rniati¢￿ and to establish that the aL￿ltOrS are aware of that informallon.

AUDITORS In accordance with Section 495 of the Companies Act 2006, a resoiutTon proposing the reapp)intment of Haysmac LLP as a￿litOrS to the company will be PLtt to the Annual General Meeting. On behalf of the Board Mr R Skinne Chair of Governors Date.. 3 D¢¢cmb¢r 2025

INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF GOVERNORS OF GAYHURST SCHOOL TRUST We have aud?ted the financial statement5 of Gayhurst School Trust I'ihe charitable cornpany'l for the year ended 31 August 2025 whith comprise the Statement of Financial Actiwties, the Balance Sheet. the Statement of Cash Flows and notes to the financial statemenis. inclLKling a summary of siqniflcant accounting policies." The financial re￿rtIng frarnework that has been applied in their preparation is appllcable law and United Kingdom Accounting Standard5. inclLMJing Financial Reporting Standard 102 The FinarKlol Reporting Stondurd opplicoble in the UK ond Republtc of Ireland Iunlted Kingdorn Generally Accepted ACCO￿ting Practicel. In our op?nion, the financial statements.. give a true and fair view of the State of charitable cornparry'5 affair5 a5 at 31 August 2025 and of the charitable company's net movement in fund5. including the inccffle and expenditure, fc the year then ended; have been property prepared in acCOrda￿e with United Kingdom Ger*rally Accepted Accwnting Pracike., and have been prepared in accordance with the rewrements of the Companles Act 20Q6. . Basfis for oplnion We condLfted ow audit in accordance wlth InternaLTonal Standards on Auditing IUKI IISAS IUKII and applicable law. Our re5pon5ibilitie5 under those 5tandard5 are further described in the Auditor'5 responsibilitie5 for the audit of the financial 51aternenl5 seclion of our ieport. We are ivbdependeni of the charity in accordance with the ethlcal requiiements that a￿ relevant to our auth't of the financial statement5 In the UK, Including the FRC'S Ethical Stsndard, and we have fulfilled our other ethlcal responsibilities in ac£or(Sance with these requirement5. We believe that the awjit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to going concern h) audFting the financlal 5talement5. we have coKluded that the trustees. use of the going c<￿￿ern basls of accounting In Lhe preparation ol the financial statement5 15 appropriate. Based on the wc¥k we have perfomied. we have not identified any material uncertaintles ￿latIng to events or cormlitions that, individually ￿ collectively, may cast significant doltbt ￿ the charitable companls ability to continue as a goiTr4 Cortem for a period tsf at least twelve rN)nths from %then the rinancial statements are authorised for issue. Ow responsibllilles and the resp￿sIbiliLleS of the tfustees with respect to golng concern are described in the relevant 5eclion5 of this reFWI. Other Informatlon The trustees are re5wn5ible for the other inforrnali￿. The other Tnf¢)rmalion compri5e5 the information Included in the GovenN)rs' Annual Re￿￿rt. Our opinlon on the fi.nancial statements does not cover the other information and, except to the extent otherwise explicitly stated in cw report. we do not expre5S any fonn of assuraFKe conclusion thereon. In connection our a￿lItOr the financial 5tstements, our responsibility is to read the 0￿r inlgrmation and, in doing so, conslder whether ihe other Tnformation is materially Inconsistent with the financlal statements, or our knowledge obtained in the audit or othe￿ise appears to be materially misstated. If we l¢Jentify such rnaterial incon51Stencie5 or apparent material mi55taterneTht5, we are required lo determine whether there is a material MisstaiemL￿t in the financial siatemenis or a material mlsstatemeni of the other information. If. based on the work we have performed, we conclude that there l5 a Material misstatement of this Oiher Snf(Ymation. we are required to rep¥wt that fact. We have Tr)thing io report in thi5 regard. 10

INDEPENDENT AUDITOR'S REpoKf TO THE BOARD OF GOVER￿oR5 OF GAYHURST SCHCXX TRUST Contlnued... Oplnlon5 on other matter5 pre5crlbed by the C￿panIeS Art 2(X)6 In our opinion, based on ihe work undertaken rn the course of the aLMlit= the informatFOn givefi in the Govemor5' Rewrt (which incorporates the strategic rep)rt and the directors, reportl f￿ the fina￿la1 year for which the finarKial statements are prepared TS c￿Sistent with the fI￿a￿la1 statements- and the Governor5. Report (which inccffporates the 5rrategic rep(xt a￿1 the dire¢tNs' rewjrtl has been prepared in accordance wth applicable legal requirements. Matters on whlch we are required to report by exceptlon In ihe lighi of the knowledge and under5tan(Jin4 of the charitable company and its environment obtained In the course of the a￿￿tt, we have not Identlfied material misstatements In the Governors, Report (which incorporates ￿ strateglc report the threctws, report). We have nothing io report in respect of the followong matters In reiatlon to the Companie5 Act Z006 requires u5 to rekM)rt to you if. in our cyinion: adequate acc¢)unling records have rKbt been kept by the charitable company- or charitable company financial statements are not in oereement wlh the acc￿￿tIng records and return5,' or certain disclosures of Govemors. remuneration specifled by law are not rnatje,. or we have not received all the information aThJ explanatiorts we require for our audit. ResponslbflltlÈs of trustees for thè flnanelal statements A5 explained more fully in the Govemors. re5pon5ibilities statement on page 9 the Governofs (W￿ are also the dlrector5 of the charitable company for the purposes of company lawl are responslble for the preparation of the finar￿la1 statement5 and for being satisfied that they give a true and fair ￿ew. and tor such internal C￿tr(￿ a5 the GoverrK)r5 determine is necessary to enable the preparation of fSnaKlal stalernents that are free from material m15St4tement. wthtther dL to fraLK1 or error. In preparing the flnandal statements. the GovewThy5 are resP￿sIble for a55e55ing the char5table company's abtlity to continue as a wing Concern, di5c105irv4. as applTcabie. maiters related io going cc(Kern and usin the golng concem basls of accoJnting unless the Governors eIt￿r intend to ITqvidale the ch)ritable company or to cease operations, or have rKJ reaLi5tic altemative but to ¢10 50. Auditor's responsibillties for the audit of the financial statements Our objectives are to obtsin rea50nabie assurdnte about YAther the flnanthal statements as a wh)le are free frorn material mi55tatement, whether due lo fraLKf or error, and to issue an auditor's report that Includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an a￿1¢ conducted in accordance wlth ISA5 IUKI wll always detert a rnaterial mfsstatement when 11 exlst5. m155latem¢￿i5 can arise from fraLNI or error and are considered material if, individually or in the aggregaie. they could reasonably be expected to influence the ec¢Mc*nic deasion5 of users taken on the bas15 of these finanaal statements.

INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF GOVERNORS OF GAYHUR5T ScH￿L TRUST Irre8ularlt6es, Including fraLJ, are instances of nm-cM)pifance with aThJ resulatlons. We deslgn proiedufe5 in Ilne with our resP￿sIbilIties. wt17￿ above. to detect material mlsstatements ￿ respect of irregularltles. I[￿lu￿nI fra￿. The extent to 7thlch our pr￿d￿re5 are capable of detecting Irre8￿arItieS, IrKludir¢ fraud is detalled below.. Based on our L￿derStandIng of the tharitsble ccfflpany and the erNironrnent in whTch it yrate5, we identified that the prlncipal risks of non-ccwnpliance with laws and regulatlOn5 related to ISI re4utatiOn5, 5afeguardin8 regulations, health arKI safety law. GDPR and employrneni law and wè consldered the exteni to which von-ccfnpliance might have a marerial efleci on the fina￿Tal statements. We also cOnside￿d those laws and regulations that have a direct Fmpact on preparaticffi of the financial 5tatewls such a5 the Companles Act 21)J6. the Chadtles Act 2011. aThJ payfoll tax. We evaluated management's irKentives and otv)riunilie5 for fraLrduient manipulation of the flnancial 5taternent5 lincludiTr4 the risk of override of controls) and deiermineé that the prindpal rlsks werè ielated to posting Inapwopriate journal enirie5 to revenue and rnanagement bias in accountins e5tirnate5. Audit Pr￿edureS perlormed by ￿ ￿40£ement team inc1￿Jed. Inspetting correspondEnce with regl￿atorS and tax arthoritle5; Discussions with manasement incI￿J1￿¢ Co￿1<1erat1on of kr￿¥n or Sus￿ed In5tance5 of non. compliance with law5 arml re8ulation arKf fra￿l- Evaluating rnanag￿nent'S CCX)trols designed to prevent and detect Irre8uladtles' Identifying and testing troumals, in particular journal entrie5 Posted wth unusual account comblnatlcx)s, postings by unusual users ￿ with unusLtal descriptions,. and Challengir@ asgjmpiiuns and jwl4wnents made ty manaqeffj￿t in their critical accouTrting estimates. A further description of our resp0Th5ibilitie5 fry a￿lIt of the financial 5talements Is located on the Flrnanclal Reporting CrAJncil'5 website at: ￿.frC.0rg.vk/è￿JItorYeSP￿$Ib7lItIes. This descrfptlon fom)s parl of ow auditor's report. Owlng to the Inherent lirnltation5 of an alxlit, there is an ￿a¥Oldable risk that we may not have detected 50me material mi55tatements in Lhe financial sthtements, e¥tn though we have properly planned and perlomied tsur aujit in accordance wth a￿litIng staThdards. For example, the further removed non. compllancè wlth law5 aThJ regulations lir￿ularitieSj is fr¢m the events and transactiofts reflected In the financial staternents, the less Ilkely the inherently limited procedure5 required by auditir¢ standard5 would Id￿tT[Y it. In addition. as ￿th"an audit, there remained a hlgher risk of nOn-deteCti￿ of IrregLdaritie5, as these may involve collusion, forgery. intenti(¥MI omissTons. misrepresentation, or the overr?de of internal controls. We a￿ not responsibte for [YeVenti￿ Th)n.cornplFance and cannot be expected io delect non-compilance wlth all (aw5 arbj re8ulatiUbS. Use of our report Thi5 rep)rt is made solely to the charltable ctynpawrfs members. a5 a bjdy, in accordance with Chapter 3 of ParL 16 of the Companies Act 2CIY6. Our audit work has been ￿dertaken so that we might state to the charitable compaiV5 meynbeys those matter5 we are required to State to them in an Auditor's report an for no other purpose. To the fullest extent permitted by law. we do TrJt accept or assume ￿P￿SibILitY to anyone other rhan the charitable cOry￿ny and rhe charitatlle companls Mem￿r5 a5 a bcdy, for our audlt wtyk. for thls"report. or for the ￿)InionS we have f0M￿d. Thomas Wllson Isenior Slatutw A￿ttor) Haysmac LLP 10 Queen Street Place, Londc EC4R IAG Dote." 05112D025 12

GAYHURST SCHOOL TRUST STATEMENT OF F114ANCIAL ACTNMES FOR THE YEAR ENDED 31 A{￿usT 1025 Unreslti¢ted Total Toial Total FLmds Funds INCOME FROM: 2025 2025 2024 Chorltoble Activities.. Fees recelvable Grants and don4tions Invèstmènts Other 5.545,566 38,040 151,514 56.411 5,545,566 38,040 151,514 56.411 5,433,374 104.367 39, 105 Total 5,791.531 5,791.531 5.577.846 EXPENDITURE ON: Choritable Actlvlty School 0￿rotin9 Costs.. Teaching costs Welfare Prerni5e5 Support costs of schoollTha Finance costs 3,234.079 455,773 859,060 939.646 199.334 3,234,079 455,773 859,060 939,646 199,334 3,079.250 463,371 1.017,357 656.091 61.257 Total 5,687.892 5.687.89Z 5.Z77,326 Net In¢c¥ne 103.639 103.639 31XI,5ZO Transfers between furKIs Net movement In fun(ts 103.639 103,639 3C#).520 Balance brought forward 8,301.872 8.301.87Z 8.001,352 Balance carrled forward 8.405,511 8,405,511 8.301,872 There were no acquisitlon5 or disccffltinLEd activitie5 durire the year. There were no other reco8ni5ed 4ains or 105se5 ￿TIng the year. The accompanying notes fffln part of these acCo￿ts.

GAYHURST SCHOOL TRUST BALANCE SHEET AT 31 AUGUST 2025 2025 2024 FIXED ASSETS Tangible assets 10.998,868 8,338,354 CURRENT ASSETS. Debtors - fees Other debtors Prepayments and accrued income Capiial Gts)ds Scheme debtor VAT Debtor 1.123,597 19.564 3.871 837,375 23,616 7,682 56,379 Total debtors 1,995,461 87,677 Cash at bank and In haThl 4.019,076 5.720,437 6.014,537 5,808,114 CLIRRENT LIABILrnES CREDITORS.. due ￿thin one year .13.602.757) {2.836.2161 NET CVRRENT ASSETS 2,411.780 2,971,898 TOTAL ASSETS LESS CURRENT LIABILITIES 13.410.648 11,310,252 CREDITORS: due after rnore than one year 15,rJ)5,1371 13.008,3801 NET ASSETS 8.405.511 8,301.872 FUND5 Unrestricted funds 8,405,511 8.301.872 8,405,511 8,301.872 The f3nancial statements were aM)roved and )uttrK>rised lor Issue by the Governors M 3rt Dec 20Z5 athj were s?gned below their behalf by.. Mr R SkiMer ////ii>- I GOVERNORS Mr S Potts The accompanwng note5 otm part of these financial staternffits.

GAYHURST SCHOOL TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Cash flows from operating activities: Net cosh used by operotins octivitwes 1302.9631 994,401 Cash flows from investing actlvltles: Interest received Payments for tan8lble fixed asset 151.514 13,416,685) 104,367 12.899,3341 Ner cosh ttsed In InvestiNJ octivities 13.265,1711 12.794,9671 Cash flow from flnandn4 artivitles Loan drawn ¢th)vm Interest paid Repayment of long temi lxn New composite fees Release of cunposite fees 4,054.965 1166.8651 1668,4821 161,2571 117,7291 3.624,880 11,352.8451 Net cash provlded by ffnanclng actlvltfes 1.866,773 3.545,894 Change in cash and cash equlvalen¢$ In tl rewrting pericty Cash and cash equlvalents at the beginning of the rewrtlng pwiod 11.701,3611 1,745.326 5.720.437 3,975,110 Cash and Cash ewivalents at the of tt reporting pwiod 4,019.076 5.720,437 Reconclllatlon of net movements In funds to net cash flow from operating activitles 2025 2024 Net movement Sn funds for the reportfng period las the statement of financial activitles} Adjustments for: Depreciation charges Interest received Interesi pald Ilncreasellde(rease in debtors IOecrea5ellincrease in . creditors eXcI￿￿ng composite fees and loan5 IGainllL05s on dlsposal of fixed assets 103.639 300.520 262,198 1151.5141 166,865 11.483,7251 729,660 230,4Tr) 1104,3671 61,257 135,5491 447,197 49.924 94,943 Net cash provided by operatlng actSvities 1302,9631 994.401 Analysis of cash and cash equfvalents Z025 ZQ24 Cash at bank and In hand 4.019,076 5,720,437 Total cash and cash equivalents 4,019,076 5.no,437 15

GAYHURST SCHOOL TRUST NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTNG POLICIES The financial statement5 have been prepared in accordance with Accounting and Reporting by Charltie5= Statement of Recorntnended Praciice appllcable to charities preparir¥g thelf accounts in accordance wilh the Financial Reporiing Standard applicable in the UK and Republic of Ireland IFRS1021 IChar?tie5 SORP 2015 Isecond Edition. trlfective l January 201911. the Financlal Reporting Standard applicable in the UK and Rewblic of Ireland IFRS 1021 and the Ccffipanies Act 2CI)6. The fu￿tIOnal currency of ihe school is cor6idered to be GBP because thal Is the currency of the primary ecommic enwronment in which the scl¥x)l ¢wates. The school Is a Public Benefit Entity registered as a chatily ?n England a￿1 Wales aThJ a company lirnSted by guarantee Icornpany number.. 2209385 arKI charity number.. 2988691. al Basfs of Preparatlt The acC￿ntS a￿ prepared under the historlcal cost COTwention. bl Golng concérn Having revTewed the lunth.ro facilitie5 available to the 5chc¢Jl together wth the expected cmgolng demand for places and the school's future projected cash flows, the Govemors have an expectation that Lhe xhool ha5 adequate re5ource5 to continue its activitie5 for the foreseeable future and Ctin5ider that there were no material ￿￿ertaintleS over the school's fIna￿>al viab?lity. Accordlngly, they a150 continLe to adopt the going concern basis in preparing the flnandal statement5 as wtlined in Ihe Statement of Accwntlng and RerKJriing ReSp￿SibIlitieS on page 11. tl Crltlcal accounting judgements and key sources of estlmatlon uncertainty In the applicaiion of the accounting polFcies, Goverws are required to make judgement. e5tirnate5, and assumptions about the carrying value of assets and liabilities thai are not readily apPa￿nI from other styjrces. The estimates and underlying a5sumptlor6 are based on historical exwience and other la£lors that are considered to be fetevant. Actval re5uit5 rnay differ from these estimates. The estimates and UnderI￿ng ass￿￿1￿$ are revivved on an orwfjng basis. Revisfjcms to accounting e5tlmates are recognised In the period in which the esiimate is revised il the revision aflecl5 only that period, or in the perirJ ol the revision and future period5 if the revision affected cwreni and future periods. JudgLNnents made" by the Goverr¥)rs, in the application of these acctymiine policies that have significant effect on the financial 51atLYnents and e5tirnates with a significant risk of material adjustment in the next year are deemed to be in reiaiion to tle Oepreciaiion rates of tangible f?xeiJ assets and are dT5¢ussed bei¢)w. In ihe view of the Go¥emor5, ￿ aSsumptfjL￿s concemirt4 the future or estimation urKertainty affettlng assets or liabilities at the balance sheet date are likely to re5uli In a material adjustment to their carrywig amounts in the next financial year. dl Fees and Slmllar Inctyne Fee5 and charge5 receivable are acc¢xmted for in the period in ¥thich the seTrice is wovided. Fees receivable are stated after deductiro allowances and other remtss?ons allowed by the sthool. Other fees consisi of extra5 arKI disbursements charged to p￿1[5. Fees are showm net of VAT. 16

GAYHURST SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS (contfjnued) FOR THE YEAR ENDED 31 AUGLIST 20Z5 e) Investment Income Investment i￿e Irom bank balance5 and fixed interest securities is acco￿ted for on an accrua15 basis. n D￿atIons. legacles. grants and other voluntary Income Voluntary Income Is accour7ted for as and when entittement ari5e5, the amount can be reliably quantified and the ecorthilc benefit to the schLY)i Is consi(1ered probable. ¥) Expendittre Expenditure 15 aCCOimted for on an accruats basis and are all(Kated to eypew headings on a direct cost basi5. The irrecoverableVAT is included wlth the item of expense towhich it relates. Governance costs comprise costs incurred in rneeting statutory and constirutional requirements of the School. h) Assets Fixed a55ets are sh¢)V+n c￿ the balance sheet at cost less accthnulative depreciatlon. Current assets are shown at the lower of cost and nel realisable value. Assets under £l.OL)J are wrftlen off In the year of purchase. il DwecTatlon Dep￿lati￿ is provided on rued assets to wrtte off thelr cost over thelr estlmated wful lfves at the follo¥￿ng rates= Buildings Furniture, FTttings and Equipment Short Leasehold Property (Boilwsl All Weather Pitches Grounds Works Min1t￿se5 & Motorlsed Equlpment IT Equipment . 2% LM Cost 10% C￿ cost - 10% on cost - i(fA on cosi - 10%on c￿t - 20% on cost - 25% on cost J) Pens1￿ <ontrlbutlons The company contributes to a defined (￿trI1)U￿￿ scheme. Thtr penslon cost charge iepre5ents the amount of the C￿trIbUtIOnS payable to the scheme ift respect of the year. The company èiso contribute5 to personal pe￿IOn schemes for non-teaching stèfl and these contributions are char8ed to the profit and 105s a(c￿nt in thè year in whkh they are incurred. k) Operatlns Lease Rentals Renta15 pa?d Tn respect of assets held uwthr operatirv4 leases are char8ed a8ain5t incorre on a straight line basis over the lease term. 11 iknrestrftted Funds General funds are unre5lricted at the discreliw of the GoverTr)r5 in furtheran of the objects of the chaflty. Iksignaied fund5 are unrestricted IwK15 that have been sei aside by the lovemors for a partkular purpose. 17

GAYHURST SCHOOL TRUST NOTES TO ThE FINANCIAL STATEhllENTS Icmtknued} FOR THE YEAR ENDED 31 AUGUST 2025 ml Restricted Funds The restricted flmd repre5ent5 dcThtions received for specific ￿￿)ect5. n) Flnanclal Instruments Baslc flnanclal instruments are Inltlally ￿OgnISed at iransactlcm value and subsequeTrtly measured at amortlsed wilh the exception of investments ¥thich are held at fair vatue. Financial assets held amorlised c05t comprise cash at bank and in hand. together ￿th trade and oiher debtors. A speofic provlslon is made lor debts for whlch recoverabllity is ￿ doLJt. Cash at bank and in hand 15 defined a5 all cash held in insrant acce55 bank accounts and used as working capital. Financial Liabilitie5 held at amoriised cost COmp￿Se all credll¢xs except social securfty aThJ other taxes and provisi￿5. o) Debtor5 Trade and other debtors are recoRnlsed at the"setllement arnount due after any trade disc￿lIt oflered. PrepayTrent5 are Vall￿ at the alr￿￿t prepaid net of arry trade diSC￿ntS due. pl Cash at bank and tn h Cash at bank and cash In hand includes cash and shorr term highly liquid investments. ql Credltors and provlslons Creditots and provisions are recognised Whe￿ the khool has a wesent cbligation ￿SuItIng from a past event that will probably result in the transfer of funds to a third party and the arnount due to settle the obligation can be inea5ured or e5timaled reliably. Creditor5 and provisions are nennally recognised ai their settlement amount afier allowing for any tratle discounts due.

GAYHURsf SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS {contlnued) FOR THE YEAR ENDED 31 AUGUST 2025 FEES RECEIVABLE iknrestrfrted funds 2025 Unrtstrlcted funds 2024 Gross fee5 Less: bursades aThl discounts 5.81KI,715 1362.0491 5,697,333 1391,4511 Fee5 Inetl 5,438,666 5,305,882 Extras and dlsbjrsements 98.490 116,494 5,537,156 5.422,376 Registrati¢￿ fees 8,410 10,998 5,545,566 5.433.374 ANALYSIS OF TOTAL RESOURCES EXPENDED 2025 Staff costs Other Depreclatlon Total Charttable Actlvtty: School operating cost5= Teaching c05tS Welfare Prerni5es SuppM)rt and governance costs Finance costs 2,887,718 346.361 455,713 492,325 486.612 199.334 3.Z34,079 455,773 859.060 939,646 199.334 104,537 453.034 262.198 3.445,289 1.980,405 262.198 5,687,892 2024 Staff costs Deprecfatio Total Charltable Actlvlty: School operating costs: Teathing costs . Welfare Premi5e5 Support and governance costs Filian￿ costs 2.734,104 345.146 463.371 683,453 308.471 61,257 3,079.250 463,371 1,017,357 656,091 61,257 103,504 347,62Q 230.400 3.185,228 1.861.698 230,4tK) ,277,326 J9

GAYHURST SCHOOL TRUST NOTES TO THE FINANCIAL ¥fATEMENTS (continued} FOR THE YEAR ENDED 31 AUGUST 2025 Atr4ALYSIS OF TOTAL RESOURCES EXPENDED {contlnuedl 2025 20Z4 Expendlture Include5 Auditors. remuneration - ALkJlt (excl VAT} . Other n￿"audit services Operating lease renta15 . Plant machinery - Other A55et5 16,LXXJ 1,39) 66,122 14,804 15,ZCQ 1,280 147,763 84,974 STAFF COSTS 2025 2024 Salarles and wages Social securiiy costs Pensi(￿ costs 2,877.314 312.944 255,032 2.689.854 268,585 226,789 3,445,290 3,185,228 2025 2024 Aggregate employee b￿fItS of key management P￿Sonnel 385.714 346.988 The number of employee5 wIwJ5e ernoiunents exceeded £60.Cm were £60,0(KI- £70,0(KI £70,OC¥)- £80,OQ) £80,OCQ- £90,¢K¢) £110,Th)1 - £110,(KXI £130,IXIJ - E140.COJ £160,iXX) - £170,¢JXI Frorn l* September 2020 all retirernent be￿rits to t￿e ernployee5 were accrued under a Defined Conlribuiion Pensicffl Scheme. In the current year £12,281 12024: C1J.9481 was paid In behall ol these empltyee5 to the scheme. The average number of employees during the year was made up as fo11tr￿.. Teaching Piemises Support 51 53 62 64 20

GAYTrIUPST SCHOLL TRUST IiOTESTOThE ACCOLwf5 Iciinmuedl FOR THEYEAR EN￿D 31 2015 Trt At I 9.626.812 J.170.2•J 351.thD 7.193 5#.811 17,5a2 Pl,DXI 117,W 369.186 11.218.615 71.743 3.416,114 (J,2941 167,1541 1444,0591 12.OZ1 IIL707J 1444,0S91 At31 Aiyt1015 11.352.99) 365.203 919.2Y5 .79J 2n.iQ7 437.635 14.1ZJ.986 At I Sepw 2021 1.834,841 117.519 Jn.474 41.n7 113.(•7 12. 241,679 2.8V).261 18.345 162.198 10. t Ji 2025 1.gn,3n 330.181 319,457 123.474 276,ni 3,125,118 At )1 1025 10.W.615 34.911 199.838 14Y.6)3 45.7 IéO.101 ID.9ga.868 7,791, l5.537 ts56 35.t 10.863 ,338,354

GAYHURST SCHOOL TRUST NOTES TO THE HNANCIAL STATEAIEp¥fs (continued FOR THE Y￿R ENDED 31 AUGUST 20Z5 DEBTORS: Duè wlthln Me year 2025 2024 Debtors- Fees Other debtofs Prepayments and accr￿ i￿ome Capital Goods Scheme debtor VAT Debtor 1,123.597 19,564 3.871 837,375 11,054 23,616 7,682 56,379 1,995,461 87,677. The arnount of the Capital Goc#Js Scheme Debtor ¢thJe 7rt6thln one year is É837,375 with ihe remainder due in rnore than one year. Due to the introd￿tIOn ol VAT on school fees. Ihe tax F￿Int ￿ fee invoi£e5 hos become the invoice date. and therefore the fees sent (¥Jt fw the Autumn 2025 tem) must be IrKIL¥Jed in both fee debtors and deferred irKome below. The Tret impact ￿ the Balance Sheet is Inil. CREDITORS: Due wlthln one year 2025 2024 Deferred inC￿e - fees in advance Taxation and soclal security Dep051t5 refundable and other creditor5 Trade creditLYS and accrua15 Pension Bank loan Composite fees 1,359,825 369.265 463,103 78,116 26.606 185,118 1,120,724 495,722 89,293 429.653 508,035 44,552 18.968 1,249,993 3,602,757 2.836,216 All broughi forward deferred IncC￿e wa5 released ￿rIng the year.

GAYHURST SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS Icontlnued> FOR TNE YEAR ENDED 31 AUGUST 2025 CREDITORS: due after more than one year 2025 2024 ComW￿lte fees Bank loan (note 91 1.151,311 3,853,826 2,374,887 633.493 5,1)J5,137 3,008.380 Composfte Fees Parents may enter into a contract to pay the sch)ol up to the equivalent of 5 years, tuition fees in advance. The mtw may be retumed subject to specific conditiC¥lS ori the ￿elpE of one terms notice. A5swning pupils VAII rernain in the schLK)l. fees ill te applied as follows= 2025 2024 Amounts falllnq due: Within one year Within one to five years 1,120,n4 1,249,993 2.374,887 2.272,035 3,624,880 The balance represents the accnd liability under contrxts. The fflovernents during the year wwe: Brought forward Addit5on5 in year AM(￿1$ utilised In the year 3,624,880 3,624,880 11.352,8451 Carried forwaftl 2,2n,035 3,624,880

GAYHURST 5CHOJL TRUST NOTES TO THE FINANCIAL STATEMENTS {C)ntlnued) FOR THE YEAR ENDED 31 AUGUST 2025 BANK LOAN 2025 2024 ArnO￿ts falling between one and two years between Iwo and five year5 after more than five year5 192,691 522,170 3,138,965 26.621 98.918 507.954 3,853,826 633.491 Within ¢)ne ye¥- bank loan 185.118 18.968 4,038,944 652.461 On 10 March 2022 the school emtered into a loan agreement for the arno￿t of 1700,OLXI. The loan wa5 formally drawn do¥w on 23 A￿U$l 2022 and is be2ng repaid in monthly instalrnenl5 With intere5l beiThg charged ae 1.95X above the bank base raie. On 2 July 2024 the school entered into a new loan which arnalgarnated with the balance of the existing loan, creating a total loan amount of c4.3￿.C￿J. Thi5 loan started to be drawn down in October 2024 ar￿ WILI be repaid over a period of 20 years with inlere5t being charged al 1.95% above bank base Tate. The ltsan is secured over the freehold ￿te$ of Lrttle Chantry and Mevora. and the aSSLK6ated assets of Gayhwst School. 10. TAXATION The ccffjpany is a reglstered tharfty. and rx) is payable () its ir(Th. 11. FUNDS Unrestrlcted Restrkted Funds Funds Total . Fund5 Balance at 1 September 2024 Net income 8.J01."872 10J,639 8.301.872 103,639 Balance carried forward at 31 A￿uSt 2025 8,405,511 8.405,511 PRICrfI YEAR COMPARATIVE OF FUNDS Unrestricted Restricted Fund5 Fund5 Total Funds Balance at 1 S*ptertJei 2023 Net income 8.001.352 3th7.520 8.001.351 3￿.520 Balance carried forward at 31 Awu5t 2024 .301.872 8.301.872 24

GAYHURsf SCHOOL TRUST NOTES TO THE FINANCIAL STATEAIENTS {Contfnt*d} FOR THE YEAR ENDED 31 AUGU￿ 2025 12. OPERATING LEASES At 31 August 2025 the eharity had annual commitments r￿-Cancell3b1e operating leases lor as.fDIIows: Other operattn8 leases 2025 2024 Explry date WithTn one year - Within two to five years 65.696 12,168 86,879 33,015 77,864 119,894 13. RELATED PARTY TRANSACTIONS No travel and acccrfrwnodation expenses were reim￿￿5ed to 12024: £Nill. There were no other (elated party tTrnsactions t1uring the year. 14. CAPffAL co11m￿ll£FirS The Governw5 have authoristd expenditure of £nil for the year 2025 rdatire to the c￿ser￿Ction of new facilitie512024: £3.982,iXXII. 25

GAyHuR￿ SCHOOL TRUST NOTES TO THE FINANaAL STATEMEKfs Icontfnuedl FOR THE YEAR ENDED 31 AUGUST 2025 15. PEN*ON Cosrs The khool participates In theAvfva Pension Trust for Independent Schools IAPTIS) for Its teachlng staff. The Pension charge lor the year incI￿leS contrftAJtions payable to APTIS Of £214.467 12024.. £1rKI.6791. At the year.end £26,606 was accr￿ in respect ol contr7￿Ji1olls to this scheme. The School participated in the Aviva Pension Scheme for fts s￿1port staff. The pensic￿ charge for year iKludes contribullons payable of £21.147 12024.. £25,486). At the year.end £5.113 12024.. £10.6231 was payoble. 16. NET DEBT RECONCILIATION At1 Sept'24 Cashflts￿ Other non- cash changes At31 Aug'25 Cash al bank and in hand Secured bank loan and cony05ite fee5 falling due within 1 year Secijred bank toan and composite fee5 falling in mole Ehan 1 year 5,720.437 {1,268,9611 11.701.361) 668.482 4,019,076 1705,361 I 11,305,840) 13,CQ8.3801 (4.054,9651 2.058,208 15,1K15,1371 TO￿15 1.443.0% 12.291.9Jll 15.087.844) 1,352,847 DEBT RECONCIUAnoN 2024 At1 Sept'23 Cashflows Other non- cash change5 At31 Au8'24 Cash at bank and fn h￿d Secuied bank loan falling due within 1 year Secured bank loan fallirty in nwre than 1 year 3,975.110 117.1961 ,745,327 17,729 5,720,437 119,5011 11,268,9611 1652.9951 19,501 13,008,380) Totsls 3.304,919 1.763.056 1.443.096

GAYHURST SCHOOL TRUST NOTES TO THE FINANCIAL STATEMEiif5 IcontinLbed) FOR THE YEAR ENDED 31 AUGUST 2025 17. COAIPARATIVE PERIOD STATEAIENT OF FIMAMaAL AcnvmES ihwestrtcted Total Total Funds INCOME FROM: 2024 2024 Notes Choritoble Activltles-. Fee5 receivable Grants and donations Investments Other 5.433,374 5.433.374 104,367 39.105 104.367 39,105 Total 5.577,846 5,577,840 EXPENDITURE OM.. Chqrltoble Ac1￿ty School I￿eratIng Costs.. Teaching costs Welfare Premises Support Costs of scJ*Joling Finance costs 3.079,250 463,371 1.017.357 656.091 61.257 3,079,2X) 463,371 1.017.357 656.091 61.257 Total 5.277.326 5.277,326 Nei IrKcff 3CKI.520 3C(t,520 Trarsfers between fvnds Net movement in funds 3(Ki,520 ]￿,520 Bala￿e brought f￿lard 8.￿7.352 8.tsM.352 Balance carrled forward 8.301.B72 B.301.872 27