**Company No. 226143 Charity No. 306210**
## **BRYANSTON SCHOOL**
**REPORT OF THE GOVERNORS, STRATEGIC REPORT AND**
**CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **BRYANSTON SCHOOL**
## **INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
||**Page**|
|---|---|
|**Company Information**|**1**|
|**Report of the Governors (including Strategic Report)**|
**3**|
|**Consolidated Statement of Financial Activities**|**15**|
|**Balance Sheets**|**16**|
|**Consolidated Statement of Cash Flows**|**17**|
|**Notes to the Consolidated Financial Statements**|**18**|
|**Report of the Independent Auditors**|**33**|
**BRYANSTON SCHOOL**
## **COMPANY INFORMATION for the year ended 31 August 2025**
## **GOVERNORS:**
E R Benedict – Chair N Bickford - Vice Chair P D Barnett FCA B Broad C H Buckberry, MBE, FREng, FinstP, WCoe, CEng P P Chappatte _(Appointed 20 December 2024)_ J A F Fortescue, BA R E Mcilwaine _(resigned 19 November 2025)_ C G Martin, MA, ACA M E McKeown, BA, Msc M T M Patten (appointed 19 March 2026) J E Roderick L M V Soden, BA (Hons), MA J Spence _(Appointed 20 December 2024)_ R W Swallow R J Tucker (appointed 19 March 2026)
## **COMPANY SECRETARY:**
A D Clarke (resigned 1 January 2026) A M Cullaney (appointed 1January 2026)
## **HEAD:**
R G Jones
## **REGISTERED OFFICE:**
Bryanston School Blandford Forum DT11 0PX
## **REGISTERED COMPANY NUMBER:**
226143 (England and Wales)
## **REGISTERED CHARITY NUMBER:**
306210
Page 1
## **BRYANSTON SCHOOL**
## **COMPANY INFORMATION for the year ended 31 August 2025**
|**AUDITORS:**|HaysMac LLP|
|---|---|
||10 Queen Street Place|
||London|
||EC4R 1AG|
|**BANKERS:**|HSBC Bank plc|
||165-167 High Street|
||Poole|
||BH15 1AU|
|**SOLICITORS:**|Steele Raymond|
||Richmond Point|
||43 Richmond Hill|
||Bournemouth|
||BH2 6LR|
||Farrer and Co|
||66 Lincoln’s Inn Fields|
||London|
||WC2A 3LH|
|**INSURANCE BROKERS:**|A J Gallagher|
||8 Albany Park|
||Cabot Lane|
||Poole|
||Dorset|
||BH17 7AZ|
Page 2
## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS for the year ended 31 August 2025**
The governors present their Annual Report, which includes their Strategic Report, and the audited consolidated financial statements of the charity and its subsidiary for the year ended 31 August 2025.
## **EXECUTIVE SUMMARY**
The 2024/25 academic year has been one of significant achievement, resilience, and strategic progress for Bryanston. Despite a challenging external environment, the school has continued to deliver exceptional academic outcomes, expand opportunities for pupils, deepen community engagement, and strengthen its financial and operational foundations.
Pupil numbers remained strong, with a whole school roll of over 780 pupils, underscoring confidence in Bryanston’s educational offer.
The school has had to navigate financial challenges which came via the introduction of VAT on School Fees, with the school absorbing over half of the imposed 20%; adapting to increases in National Insurance contributions and responding to the removal of business rates relief. To manage these pressures and still produce a small surplus, whilst still investing significant capital expenditure to maintain our world class estate, is testament to the strong financial management of the Governing body and the senior team.
This strong financial footing has helped facilitate the continued delivery of high-quality, future-ready sustainable education.
The achievements highlighted in the following report are made possible by our community and our thanks and acknowledgements extends to benefactors whose generosity transforms lives, teachers for their dedication and expertise, support teams for ensuring the school operates smoothly, Governors for strategic leadership, time and support, pupils for their ambition and contributions, and by no means least out parents for their trust, support, and partnership.
Key financial measures reflecting the year’s achievements are: Year ending: 2025 2024 £’000 £’000 Total income 30,963 31,964 Net surplus 284 552 Capital invested into school buildings & equipment 614 1,007 Cash at bank 16,008 17,309 Funds & net assets 38,979 38,694 Average pupil numbers senior school 648 682 Average pupil numbers prep school 135 119 Total 783 801
## **REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR**
## **Academic Excellence**
The summer of 2025 brought exceptional success for our Upper Sixth, with 95% of pupils securing a university place and 87% gaining their first choice destination. One in nine A Level grades awarded were at A*, and 88% of all grades were A*– C, the highest percentage since 2016 (excluding the COVID years). These impressive results reflect the dedication, resilience and hard work of this year group.
This follows the strong IB outcomes published in July, with pupils achieving an average Diploma score of 34 points, significantly above the global average of 30.58.
Building on Bryanston’s long-standing reputation for excellent university destinations, pupils applied to institutions in 14 countries worldwide, including the USA, Canada, Europe and the Asia-Pacific region. This September, pupils will be taking up places at a broad range of universities, among them the University of Cambridge, the University of Oxford and Columbia University in the United States. Equally noteworthy is the diversity of subjects chosen, from Liberal Arts at Bristol to Industrial Design at Loughborough, and from Fine Art at Edinburgh to Medical Engineering at Southampton.
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## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS**
## **for the year ended 31 August 2025**
## **REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
We are also delighted to celebrate the outstanding achievements of our Year 11 (B) pupils in their GCSE examinations. Their results reflect determination, perseverance and commitment, supported every step of the way by the expertise and encouragement of Bryanston staff.
GCSE highlights include:
- One in five pupils achieved five or more grade 8/9s (A*).
- 93% of all grades awarded were between 9 and 4.
- The highest individual points total was an exceptional 105 points, including ten grade 9s.
Throughout the academic year, GCSE pupils continued to broaden their experience by gaining new qualifications and developing new skills. These included the Bronze Duke of Edinburgh’s Award, ESB Public Speaking, NPLQ Lifeguarding, and RFU Rugby Coaching.
At the heart of all our academic achievements is The Bryanston Method. Our distinctive approach, centred on one-to-one tutoring, ensures that every pupil receives the structure and support appropriate to their stage of development; academically, pastorally and emotionally.
With Bryanston Prep now fully aligned with the Bryanston Method, one-to-one tutoring begins in Year 7. This early introduction helps pupils develop the independence, confidence, and learning habits they need to thrive throughout their educational journey.
## **Academic Enrichment**
At Bryanston, pupils are encouraged to develop a genuine love of learning. There is no single Bryanston ‘type’ – our young people are supported to think independently and with confidence. Alongside high academic expectations, we provide an environment that is both intellectually stimulating and emotionally nurturing, enabling pupils to explore ideas with creativity, curiosity, and freedom.
This year, Bryanston welcomed over 300 educators from across the UK for the eighth annual Education Summit, that continues to shape the national conversation on teaching and learning. Inspired by Bob Dylan’s iconic song, _“The Times are A-Changing”_ , the Summit challenged delegates to consider what it truly means to future-proof education in an era defined by rapid digital transformation. Across a powerful series of keynote talks and practitioner-led sessions, expert speakers explored how schools can strike the right balance between innovative new methodologies and the enduring strengths of traditional teaching. Their insights shone a light on both the opportunities and the complexities facing educators as they navigate the evolving educational landscape. The event underscored Bryanston’s commitment to remaining at the forefront of educational thinking, our reputation for academic excellence and forward-looking practice. For our teachers, the Summit offered inspiration and professional development, equipping them with fresh perspectives and practical strategies to bring back into the classroom.
## **Sport and Wellbeing**
Our mission in sport is clear and compelling: to foster a strong sense of belonging and nurture a “Team First” culture. We aim to embed healthy lifestyle habits and inspire a lifelong passion for sport, values and behaviours that pupils carry confidently into adulthood.
Our whole-school approach to mental health and wellbeing ensures that every member of the community plays a role in creating a supportive environment. Wellbeing is not an add-on, but an integral part of our culture, shaping the systems, relationships, and daily practices that help pupils to flourish.
More than 80 per cent of pupils represent the School in at least one sport, and every pupil takes part in sport at least three times each week. Bryanston has a longstanding reputation for sporting excellence across many disciplines, but pupils are equally encouraged to participate simply for the enjoyment it brings. As a through school, we offer a fully aligned long-term athletic development model that supports every stage of a young person’s progress, from participation to performance pathways.
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## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS**
## **for the year ended 31 August 2025**
## **REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
Our High Performance Sports Programme provides exceptional opportunities for sports scholars and highly talented athletes to excel in their chosen fields. Designed with future professionals in mind, the programme offers targeted coaching, structured performance support, and access to our world-class facilities. These are complemented by comprehensive medical provision, creating an outstanding environment for young athletes to thrive.
The Bryanston Sports Advisory Board comprises of leaders from across the professional sports landscape. This group continues to guide the evolution of our programme, and their insight ensures that our sporting provision remains ambitious, contemporary, and aligned with best practice. In support of our ‘sport for all’ ethos, the Board also advises on performance pathways, helping identify and nurture pupils with the potential to pursue high-performance sporting careers.
As a result, this year has been one of exceptional sporting success across the School, with pupils excelling in both team and individual disciplines. Cricket enjoyed a highly successful term, with Bryanston completing 45 matches and securing a 60% win rate, alongside remarkable growth in girls’ cricket and strong performances across all boys’ age groups, including county representation. Tennis continued its positive momentum, with senior girls showing competitive consistency, senior boys delivering strong results, and junior teams, particularly the U15 girls, enjoying standout seasons. The Boat Club achieved impressive milestones, including representing Wessex at the Junior Inter Regional Championships, three A-Final appearances at the National Schools’ Regatta, multiple category wins at the Thames Valley Park Regatta, and the 1st VIII qualifying for Royal Henley for the first time since 2022. The Swim, Bike, Run programme recorded its most successful athletics season in five years, with athletes progressing through county levels and competing at the National Schools Championships. Riders continued to shine, qualifying for major Hickstead championships across NSEA, Pony Club and affiliated circuits. This year also saw the launch of Bryanston’s first inter-school sailing teams, culminating in a strong learning experience at the National Schools’ Sailing Championships. In kayaking, pupils secured first place in the Bath to Bradford Classic and performed well in the Hasler Race. Rugby teams competed in major tournaments, with pupils progressing through the Bath performance pathway, while hockey saw success in national competitions and celebrated the U19s becoming Dorset County Champions. Football participation continued to grow, with over 60 pupils involved across senior teams, new leagues entered, and the girls’ programme helping to found the SWGIS League.
Outdoor Education also flourished, with four groups completing Gold Duke of Edinburgh expeditions and pupils successfully tackling the 35- and 45-mile Ten Tors challenges. Overall, it has been a year defined by commitment, progress, and outstanding achievement across all sporting areas.
## **Creative and Performing Arts**
Creative and Performing Arts harness the power of imagination and belief, opening pathways into unexplored worlds and perspectives. At Bryanston, we nurture pupils’ talents and bring them together under shared creative visions. Developing the ability to empathise, communicate clearly, and collaborate effectively is at the heart of becoming a confident and expressive performer.
Bryanston’s reputation for excellence in the creative and performing arts continued to shine this year with a series of outstanding productions and events.
The School delivered another exceptional musical with a stunning performance of _**The Phantom of the Opera**_ , presented by senior pupils. The four-night run showcased remarkable talent and technical expertise, and welcomed audiences from local prep schools, including Bryanston Prep and members of the Blandford Schools’ Network, to the magnificent Coade Hall Theatre.
Inspired by the popular ITV programme _The Masked Singer_ , the Coade Hall team produced a spectacular event featuring five talented members of the Bryanston community performing live on stage. **The Bry Masked Teacher** proved to be a major highlight of the year, delighting pupils and staff alike.
In the summer term, Bryanston hosted **BryFest** , the annual creative and performing arts festival. This week-long celebration brought the whole community together providing pupils with a major platform to showcase their talents across drama, music, dance, film, choreography, lighting, technical direction, stage design, and stage management. The diverse programme featured drama productions, classical and rock concerts, dance performances, film screenings, DJ sets, and a range of social events.
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## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS**
## **for the year ended 31 August 2025**
## **REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
BryRadio, Bryanston’s internet-based radio station, also continued to thrive. Operating from the state-of-the-art Music School studio, the station broadcasts pupil- and staff-selected music 24 hours a day alongside recorded jingles. The pupil-led schedule features interviews, debates, school news, weather updates, local traffic reports, sports commentary, drama features, and live music sessions.
This year, the School proudly hosted the Imagine Art Exhibition in London, showcasing 130 works in Gallery Eight and online. The exhibition celebrated the creativity and skill of current pupils, alumni, and parents, highlighting the vibrant artistic community that continues to flourish at Bryanston.
## **Digital World**
At Bryanston, we embrace the digital present and allow it to enrich every aspect of school life. This extends far beyond email use or proficiency in Microsoft Office. We encourage pupils to harness technology creatively to innovate, explore, and bring their ideas to life as they prepare for an increasingly digital future. Whatever a pupil’s interests, athletic, academic, artistic, or agricultural, we help them understand the value and potential of technology in a rapidly evolving world.
Our approach to digital education is intentionally interdisciplinary. We recognise the power of technology to enhance imagination, strengthen critical thinking, and support creative endeavours. By embedding digital learning across the curriculum, we ensure that pupils leave Bryanston equipped with the confidence and competence to thrive in industries where technology plays an essential role.
## **Entrepreneurship & Innovation (E&I)**
As our pupils begin to engage more deeply with the commercial world, we want them to do so with clarity, foresight, and a strong sense of social responsibility. Through imagination and innovation, pupils discover what truly motivates them and learn how their passions and ideas can shape meaningful entrepreneurial futures.
By supporting pupil-led enterprises, we encourage them to take their concepts, refine them into products or models, and build a personal portfolio of entrepreneurial experience. We believe entrepreneurship is about far more than financial reward; it is about delivering innovation where it is most needed. We empower pupils to be bold, to think differently, and to act as change-makers, understanding that they have the potential to lead progress in an ever-evolving world.
As E&I continues to grow at Bryanston, we encourage pupils from every area of school life to engage with entrepreneurship in some form, developing the confidence and creativity needed to contribute to future industries and communities.
## **Bryanston Enterprises**
Bryanston Enterprises is the business name under which the Group delivers its commercial activities.
In December 2025, the School welcomed the local community for a programme of festive Christmas film screenings. Families enjoyed classic seasonal favourites, with children encouraged to dress up for the sing-along performances. The School’s new catering van added to the atmosphere, serving mulled wine, popcorn, hot dogs, and other traditional cinema treats. Screenings included _Elf, The Holiday,_ and _It’s a Wonderful Life_ .
In January 2025, Bryanston expanded its community engagement by launching children’s swimming lessons at the state-of-the-art sports centre. The Bryanston Swimming Academy now offers **Rookie Lifeguard** sessions for ages 8–12, alongside **Learn to Swim** lessons for children aged 5–11. The School looks forward to further developing and broadening the Academy in the year ahead.
The School’s programme of sports and activity courses continued to thrive during the Easter and summer holidays. Attendance rose significantly, with **98** pupils taking part during Easter 2025 and numbers increasing to **274** over the summer.
## **Charity and Public Benefit**
The generosity and involvement of the Bryanston community remain central to the School’s ethos. Philanthropic support continues to enrich the experience of all pupils, broaden access, and sustain the exceptional breadth of a Bryanston education.
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## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS**
## **for the year ended 31 August 2025**
## **REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)**
One of the year’s most significant whole-school fundraising initiatives was the **A2 Charities Weekend** , led by the Heads of School. This vibrant programme of events raised an impressive **£14,000** in support of **Child Action Lanka** and **Ayati** .
Bryanston was proud to continue its long-standing tradition of hosting **Tuesday Club** , a weekly gathering for older members of the local community, offering tea, conversation, and entertainment. Organised by the Chaplain and supported by Pioneering pupils, Tuesday Club reflects the School’s commitment to meaningful outreach and intergenerational connection.
As an active member of the **Blandford Schools’ Network** , Bryanston works closely with local schools to help ensure that children across the area have access to a rich, inclusive, and challenging education. Through collaboration, the network shares resources and engages in discussions around key pastoral priorities, strengthening support for young people throughout the region.
Even with a Government that does not support the independent education sector, Bryanston also makes a significant contribution to both the local and national economy. Using the **Economic Impact Assessment Tool** developed by Oxford Economics and the Independent Schools Council, the School’s impact has been assessed as follows:
- **Contribution to UK GDP:** £49m
- **Contribution to North Dorset’s GDP:** £26.6m
- **Jobs supported in North Dorset:** 733
- **UK tax supported by the School’s activities:** £14.9m
- **Savings to UK taxpayers due to pupils not taking up state school places:** £4.5m
These figures illustrate Bryanston’s wider role as both an educational charity and a valued community partner.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governors**
The governors are also the directors for the purpose of company law and trustees for the purpose of charity law. The governors of the company in office on 31 August 2025 were as shown on page 1, all served throughout the year and to the date of this report except where indicated. The governors are the members of the company and constitute together the Council of Management.
All governors give their time freely and did not receive remuneration during the year. Details of any reimbursed travel and accommodation expenses are disclosed in note 6 to the accounts.
Under Article 16 the governors retire by rotation after holding office for three years and are eligible for reappointment. Governors holding office prior to the adoption of the new articles, in November 2025, are eligible for re-appointment providing their total term does not exceed 12 years. Governors appointed after the adoption date are eligible for re-appointment twice.
## **Governing Document**
The company was incorporated in 1927, and is governed by its Articles of Association, last altered by Special Resolution on 23 July 2025. The most recent update included a change to remove the location details from the objects clause.
## **Recruitment and Training of Governors**
The Governance and Nominations Committee considers the strength and balance of expertise within the Governing Body and makes recommendations from time to time to the Council of Management, most obviously at the Annual General Meeting, as to the recruitment of new governors. When recruiting new governors an important attribute is a passion for the work of the school, believing that education should impart a real sense of meaning and purpose and develop open and enquiring minds.
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## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS for the year ended 31 August 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)**
Upon appointment, new governors are invited to spend a day at School, to meet staff and explore current issues. They also undertake specific training modules for their induction to the Governing Body. Individual Governors attended governance and safeguarding training during the year and collectively the Governors attended a facilitated strategy day.
## **Organisational management**
The Council of Management meets at least four times a year at Bryanston. A number of committees support the work of the Council of Management. The senior committee is the Finance and General Purposes Committee which meets at least four times each year, some two to three weeks ahead of the Council of Management meetings. Other long-standing committees are the People Committee, the Child Protection Advisory Committee, the Risk Committee, the Health and Safety Committee, the Education Committee, the Customer Committee, the Governance and Nominations Committee, and the Development & Foundation Committee which each meet two to three times a year and report into The Council of Management.
## **Key Management Personnel**
The day-to-day running of the School is devolved to the Head, supported by the Chief Commercial Officer, the Chief Finance and Operations Officer and the Senior Leadership Team.
The pay of Key Management Personnel is reviewed annually by the Governors, who consider changes in average earnings and to the extent that data is available, benchmarks in the independent education sector.
## **Group structure and relationships**
The School has a wholly owned trading subsidiary company whose principal activities include the provision of courses during Bryanston School’s holiday periods and the operation of retail shops and a theatre. The trading performance of the subsidiary is dealt with below. The School also controls a charitable foundation whose principal objective is to provide items, services and facilities for the pupils of the School, which advance the purposes of the School.
## **OBJECTS AND AIMS**
## **Charitable objects**
The Charity’s object, as set out in the Articles of Association is _“to advance the education of boys and girls by the provision of a day and boarding school and by other incidental and ancillary educational activities and other associated activities for the benefit of the community.”_
## **Aims and intended impact**
The School provides boarding and day education to children between the ages of 3 and 19; it also runs a number of holiday educational courses and educational community-based activities. The School’s policy is for its pupils to attain the highest academic standards as well as providing an extra-curricular programme which aims to develop life-long leisure interests and helps build self-confidence and a desire to contribute to the community. We value creativity, individuality and variety and we want our young people to fulfil their talents wherever they lie. At the same time, we seek to nurture integrity, responsibility, compassion, and self-discipline within the context of the demands set by the lively school community.
The importance of family is never underestimated at Bryanston and one will often hear mention of the “Bryanston Family”. Children learn to be part of a community and support one another during their time at school; friendships forged here evolve, deepen, and very often last a lifetime. Bryanstonians are encouraged to be creative, energetic, and participative; being tolerant of other people’s views whilst able to articulate their own; to be keen to do well and have a sense of what matters. Bryanston is not just a five-year experience; instead, pupils and their parents all become life members of “Beyond Bryanston”, a family that continues to support each other, in practical ways through a thriving career mentoring network, where members are willing to give their time freely.
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## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS for the year ended 31 August 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)**
## **Objectives**
Our objectives are set to reflect the aims and ethos of the School. It is important to us that we maintain and enhance the academic success of the School and also the academic achievements of each individual pupil. The School encourages pupils to be active learners by giving them a depth of experience that stimulates interest, creativity, and hope.
In setting our objectives and planning our activity the governors have given regard to the Charity Commission’s guidance on public benefit and to its supplementary public benefit guidance on advancing education and on fee charging.
## **ETHOS STRATEGY AND POLICIES**
Bryanston is a school which rejoices in its motto: _et nova et vetera, both new and old_ . We are a young enough school to have a crystal-clear vision of our direction and values, much of them described by our founder in 1928, and these imbue all we do here. We live by our values that reflect our commitment to individuality, which lies at the heart of our approach and culture. This is evident in our people, along with a specific kind of creativity that inspires innovative thinking and challenge across all disciplines. https://www.bryanston.co.uk/_site/data/files/files/Our%20values.pdf
Our distinctive values speak to the open-minded, challenging, and inspiring nature of the Bryanston experience, our humanity and our pupils who are curious, self-reliant, and purposeful. Beyond the School, Bryanston embraces educational, cultural, and social initiatives.
Bryanston has a distinctive approach to education which encourages, enables, and supports pupils on their journey. We are ambitious for every pupil. We see creativity as a practical and essential element in thinking across all disciplines, which makes Bryanston a very different learning experience. Our approach is firmly focused on the individual and we work tirelessly to ensure that each pupil not only achieves the results they deserve, but also learns to think independently, be self-reliant and explore new interests.
Bryanston has a unique culture which celebrates the individual and their potential. We are proud to be different. We see ourselves as travelling beside our pupils and guiding them on their educational journey. The experience at school is a collective endeavour to better prepare our pupils for their lives ahead.
Bryanston is an open minded, challenging, and inspiring environment for personal growth, where we provide the space for pupils to find their own passions. The breadth of our offer reflects the range of pupils’ interests, beyond the conventional to the creative, practical, and vocational, including focus areas where we specialise and offer support.
The School recognises its responsibility to safeguard and promote the welfare of its pupils and expects all staff and volunteers to be committed to share this responsibility, which encompasses:
- Protecting children from maltreatment
- Preventing impairment of children’s health or development
- Ensuring that children grow up in circumstances consistent with the provision of safe and effective care
- Taking action to enable all children to have the best life chances.
## **Access policy**
Our fees are set at a level to ensure the financial viability of the school and to enable us to continue to provide the highest quality education to all our pupils.
It is important to us that access to the education we offer is not restricted only to those who can afford our fees and the school welcomes and encourages pupils from all backgrounds and of all financial means. We believe our pupils benefit from learning within a diverse community. A great deal of learning occurs through social interaction, conversation and shared experience which helps our pupils develop an understanding of the perspectives of other people that will be vital in their adult lives.
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## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS for the year ended 31 August 2025**
## **ETHOS STRATEGY AND POLICIES (continued)**
## **Bursary policy**
The governors view bursary awards as important in both fulfilling our charitable objectives and helping pupils who wish to come to the School, but whose families would find it impossible to pay the full fees. The allocation of such awards is dependent on an independent assessment of parental means first through the completion by parents of a Statement of Financial Circumstances form and then by interview. Recommendations from the independent reviews are then further considered by the Head and the Chief Finance and Operations Officer. Awards may also be made to relieve hardship where a pupil’s education and prospects would otherwise be at risk; in such circumstances, parents will again be asked to complete a Statement of Financial Circumstances form.
In assessing means we take several factors into consideration including family income and expenditure, assets, and liabilities, known family circumstances, the parents’ ability to improve financial circumstances or earning capacity and opportunities to release capital. Awards are also dependent on the School’s limited resources. The School receives some income for bursaries from its charitable foundation.
The School respects the confidentiality of individual bursary awards and hopes parents and pupils will also do so. In order that the limited funds can be focused where there is greatest need, parents whose children are in receipt of a bursary are requested to bring to the attention of the Chief Finance and Operations Officer any material improvement in circumstances, but in any event the School retains the right to review awards on an annual or termly basis.
The criteria for a bursary, in addition to financial need are:
- that the prospective pupil will fulfil the academic requirements for the appropriate year of entry
- that the prospective pupil will engage in the whole life of the School
- that the parents, the prospective pupil, and the Head agree that attendance at the School will be a positive experience for the pupil.
The bursary awards range from 5% to 100% remission of fees, but the School also recognises that additional costs will be incurred by pupils to pay for extra/co-curricular activities, equipment, and trips - and therefore discretionary awards are made by the Head ensuring all pupils can benefit from the full educational experience on offer.
Information about bursaries is provided to all applicants and is also available on our website. Certain 100% bursaries are also advertised in the local press.
## **Scholarship policy**
The purpose of a scholarship is to recognise talent. Scholarships may attract a financial award up to a maximum of 10%, but any scholarship may be supplemented by a bursary awarded in accordance with the bursary policy. Scholarships are available for junior and sixth form entry. Scholars are expected to be ambassadors for their specialism and contribute actively to the overall life of the school. Scholarships are offered in the following areas:
- Academic - recognising high academic potential.
- Art - for pupils who show exceptional ability and promise in painting, drawing or three-dimensional work.
- Design Technology - for candidates who show a real interest in design and have sound practical skills.
- Computer Science - where pupils can demonstrate a good level of ability in a wide range of IT initiatives.
- Music - for enthusiastic candidates who show considerable potential.
- Sports - for pupils with not only sporting ability, but also good temperament, motivation, and leadership skills.
- Performing Arts - for enthusiastic candidates who show considerable potential.
- All-rounder - recognising candidates who possess the talent and personal qualities to make a significant ongoing contribution to the quality of school life.
Scholarships are advertised on our website.
## **Family discount policy**
The school recognises the importance of family and welcomes siblings. As a policy the School offers a 5% fee reduction for a third sibling, for families with three children in school and who are attending at the same time.
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## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS for the year ended 31 August 2025**
## **ETHOS STRATEGY AND POLICIES (continued)**
## **Support for Military Families**
Serving your country can come with many challenges, including frequent moves and relocations due to postings and deployments. As a result, a child’s education may be disrupted, making it difficult for them to maintain consistency in their learning. Bryanston is proud to support military families in receipt of the Continuity of Education Allowance (CEA), who, at Bryanston, pay CEA plus 10% of our full boarding fees, with the school providing bursarial support to cover any shortfall.
## **Employees**
Arrangements exist to keep all employees, or their representatives, informed on matters of concern to them and information on the School’s performance and prospects is disseminated widely.
## **Employment of people with disabilities**
It is the School’s policy that people with disabilities should have the same consideration as others with respect to recruitment, retention, and personal development. Depending on their skills and abilities, they enjoy the same career prospects as other employees and the same scope for realising potential.
## **FINANCIAL REVIEW**
The results for the year and financial position of the group are shown in the attached financial statements. Total income decreased by £1m (3%) when compared to 2024 and expenditure decreased by £1m; after taking account of the investment gains (£170,000) the net surplus for the year was £284,000. The Governors have continued to improve the fabric and facilities of the school investing £643,000. Following the introduction of VAT on School Fees, the school registered for VAT with effect from 15 November 2024; the school did not pass on the full cost of VAT to parents and the results for the year reflect the additional cost to the school.
## **Bursaries**
The value of means tested awards totalled £3,550,000 (2024: £3,782,000) and represented 12% of gross fees (2024: 12%), helping 167 pupils (2024: 172) 10 of whom benefited from full remission and a further 12 at over 90% remission (2024: 28 90%+).
## **Scholarships**
Scholarship only awards amounted to £307,000 (2024: £418,000) and were provided to 69 pupils (2024: 77 pupils). In addition, a further 59 (2024: 60) scholars received remission in the form of scholarship plus bursary and the value of the combined award is included in the figure relating to bursaries.
## **Investment powers**
As a charity the parents of our pupils have the assurance that all income must be applied for educational purposes. As an educational charity the school enjoys tax exemption on the surplus provided it is applied for our charitable aims.
## **Reserves**
The total funds held by the school are £39m (2024: £38,7m), of which £3,7m (2024: £3,7m) is held in restricted funds. At the year end date, the school had total unrestricted funds of £35.2m (2024: £35m). The value of unrestricted funds is more than exceeded by the value of fixed assets £42.3m (2024: £43.4m). The excess value of fixed assets over unrestricted funds is £7.1m (2024: £8.4m) and means that while there is investment in the school’s assets to keep it at the forefront of the independent school sector free reserves, as defined by the Charities SORP, will not be maintained. The Governors monitor the level of cash reserves on a monthly and termly basis and review the policy on an annual basis. The Governors are satisfied that the school has sufficient working capital to meet it needs for the foreseeable future and to enable it to manage and respond to unforeseen situations.
Page 11
## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS for the year ended 31 August 2025**
## **FINANCIAL REVIEW (continued)**
## **Fundraising standards**
The Governors recognise the importance of meeting the highest standards of practice and care in relation to fundraising activities. Bryanston has signed up to the fundraising code of practice and voluntarily registered with the Fundraising Preference Service (FPS). The school keeps benefactors informed about fundraising activities through regular newsletters and reports and information about FPS and GDPR was first included in the 2018 annual publication of the Philanthropic Impact Report. All fundraising activity is carried out by Bryanston staff, who all have received training on fundraising standards. No complaints have been received.
Bryanston raises funds from Old Bryanstonians (OBs), associated past and current parents, staff, and those with a personal connection with the school and does not undertake general fundraising campaigns to members of the public.
## **Asset cover for funds**
Note 18 to the accounts sets out an analysis of the assets attributable to the school’s funds. These assets are sufficient to meet the school’s obligations on a fund-by-fund basis and no fund was in deficit at the year end date.
## **STREAMLINED ENERGY AND CARBON REPORTING (SECR)**
Energy consumption was as follows:
|nergy consumption was as follows:|||
|---|---|---|
||**2025**|**2024**|
|UK energy use (1)|||
|_kWh_|9,522,039|9,958,617|
|Associated Greenhouse gas emissions (2)|||
|_Tonnes CO2 equivalent_|1,797.77|1,877.67|
|Intensity ratios|||
|_Emissions per pupil (tCO2e per pupil)_|2.32|2.33|
|Emissions per m2 (tCO2e per m2)|0.03|0.03|
UK energy use covers the principal activities of the group and incorporates electricity use, natural gas use and fuel used in company owned vehicles. The total energy use has reduced when compared to 2024.
## **Quantification and reporting methodology**
We have followed the 2019 HM Government Environmental Reporting Guidelines. We have also used the GHG Reporting Protocol – Corporate Standard and have used the 2025 UK Government's Conversion Factors for Company Reporting. The data has been collected from supplier invoices and then converted into greenhouse gas emissions.
## **Intensity measurement**
The chosen two intensity measurement ratios are (1) total gross emissions in metric tonnes CO2e per pupil; the recommended ratio for the sector and given pupil numbers vary year on year and the majority of energy consumption relates to gas and electricity (2) total gross emissions in metric tonnes CO2e per square meter of buildings is also an appropriate intensity measurement.
.
## **Measures taken to improve energy efficiency**
In the period under review the school has
- Continued its programme to replace old light fittings with modern LED lamps having replaced over 3,000 units.
- Continued a programme of replacing old boilers with new energy efficient boilers.
- Reviewed and implemented where practicable the recommendations of the ESOS III assessment.
- Explored with the planning authorities the possibilities for roof and ground mounted PV panels.
Page 12
## **BRYANSTON SCHOOL**
## **REPORT OF THE GOVERNORS for the year ended 31 August 2025**
## **PLANS FOR THE FUTURE**
The Governors are very aware of the difficult and uncertain macro-economic climate that continues to exist and acknowledge that challenges for fee paying parents do not diminish. They are also aware of the challenges facing the Independent School sector and therefore to ensure the school maintains a competitive position, widens access to the education it delivers, and provides the best care and opportunities to our pupils. the key focus area are:
- Continuous improvement to deliver the highest standards of educational provision, responding to the changing UK academic examination landscape and the changing needs of pupils and parents
- To continue to invest training and wellbeing support for our staff.
- To ensure that Bryanston Prep achieves its ambitious goals following the strategic investment in infrastructure, facilities, and other resources.
- To improve the flexibility of our boarding capacity.
- To further build on the growing strength of our relationships with other schools, educational institutes, industry, sporting bodies and the local community with whom we can mutually work and support.
- To strengthen our fundraising and development reach to enable ongoing and meaningful relationships with our alumni and to build a significant bursary fund.
- To develop significant alternative streams of income to reduce the strain on the school’s financial model and to generate funds to reinvest back into our educational provision and experience for our pupils.
- To improve our carbon footprint, through investment in education and in energy efficiency.
## **RISK MANAGEMENT**
The Council of Management is responsible for the management of the risks faced by the School and for maintaining adequate systems and controls to help mitigate those risks to acceptable levels. The Council of Management operates through a sub-committee structure with each committee focusing on a key area of operation. All committees comprise a mix of Governors, Executive team, and staff. The Council of Management meets once a term and, at each meeting, members of the Executive Team and every committee report formally to Council of Management. The day-to-day management of risks is delegated to the School’s Executive, who have established a Risk Committee, which meets 3-4 times a year and reports each term to the Governors’ Finance and General Purposes Committee. Further controls:
- Each committee has formal written Terms of Reference adopted by the Council of Management
- Formal agendas are issued in advance for all committees and Council of Management meetings.
- Minutes of the meetings are maintained, and clear action points identified.
- Strategic development plan is reviewed at least annually by the Council of Management
- Written policies, which are reviewed at least annually by the policy holder and by the relevant Governor led sub-committee and published on the school’s website and further staff only policies are circulated and published on the school’s intranet.
- Safeguarding procedures, including safer recruitment, and training for all new staff and at least bi-annual formal safeguarding training for all other staff and Governors.
- Comprehensive budgeting, financial management and review
Risks are identified, assessed and controls established throughout the year by the Risk Committee, and a formal review is presented, together with the risk register, to the Executive Committee and then the Finance and General Purposes Committee for discussion before presentation at Council of Management. The Council of Management are satisfied that the major risks to which the charity is exposed are reviewed at sufficient frequency and systems have been established to mitigate these risks.
As a part of this review the Council of Management has identified the following principal areas of risk and uncertainty:
- 1) Failure to deliver the Bryanston Operating Model
- 2) Failure of IT security or compliance breach
- 3) The uncertain macro-economic climate and the changes to the taxation status for independent schools and as a consequence the affordability of school fees for parents.
The Governors, via the Executive Committee and the Risk Committee have implemented controls and policies to mitigate these risks. The Risk Committee will continue to regularly assess the existing and emerging risks facing Bryanston and the steps being taken to reduce those risks and will adjust the risk register to reflect any changes. Any short-term high impact risks will be monitored very closely.
Page 13
BRYANSTON SCHOOL
REPORT OF THE GOVERNORS
for the year ended 31 August 2025
STATEMENT OF GOVERNORS, RESPONSIBILITIES
The Governors Iwho are also directors ol the company for the puTptsse$ of company law and trusrees of the charityl are
responsible for preparing the Trustees, Annual Report including the Str&tÈgic Report and the Financial Sr2tements in
accordance with applicable law and Unitsd Kingdom Accounting Standards (Unired knngdom Generally Accepred
Accounting Practice).
Company law requires the Governors ro prepare financial sr2rements for each financial year which &ve a true and falr
TrAew of the state of affairs of the school and of rhe group and it5 financial acEiVities for that period. In preparing those
financial sTrtement5, the Governors are required to..
Select sulr2ble accounting policies and then apply them con$i$tently',
Observe the methods and principles in the Ch2rities SORP IFRSI 02)-
Make judgemenrs and estimates thar are reasonable and prudenr;
Stace wherher 8pplicablÈ accounting standards have been followed, subject to any m2rerial departure5 disclosed
2nd explained in the financial 5tatemenrs and
Prepare Ihe financial 5tatetnencs on the going eoncern basis unle55 it is inappropriate 10 presume that the
company and the group will continue in operation.
The Governors are re5ponslble for keeping proper accounting record5 which disclose with reasonable accuracy at any
time the financi21 position of the company and to enable them to ensure that the financial statements comply with the
Companies Act 2006. They are a150 responsible for safeguarding the asseis of the company 2nd hence for taking
reasonable sreps for the prevention and detection of fraud and other irregularities.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
In so far a5 the Governor5 are aware..
there is no releyant audit information of which che company's auditor5 are unaware., 2nd
the Governors have taken all 5tep5 that they ought to have taken ro make themselves aware of any reler4Trt
audir information and to esrablish that the auditors are aware of that information.
AUDITORS
The auditors. Haysmac LLP, will be proposed for re-appointment at the forthcoming Annu General Meeting.
ON BEHALF OF GOVERNORS:
The Governors {in rh*r capaciry as dlrertors of the company and trusrees of the charity) approve the
Reporr of rhe Governors and the Srrategic Reporc for the year ended 31 August 2025.
A M Cu112ney
Company Secretary
21 March 2026
Page 14
## **BRYANSTON SCHOOL**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES**
**for the year ended 31 August 2025**
|Notes
**Income from:**
Charitable activities
Fees receivable
2
Other income
5
Donations, grants and legacies
Trading activities
3
Investment
4
**Total**
**Expenditure on:**
Charitable activities:
School operating costs
Trading activities
**Total**
8
**Net Income before investment gains**
**Other recognised gains:**
10
Realised investment gains
Unrealised investment gains
**Net Income**
Transfers between funds
17/18
**Net movements in funds**
Fund balances 1 September 2024
**Fund balances carried forward**
**as at 31 August 2025**|Unrestricted
£’000
25,680
1,997
564
2,117
561
30,919
29,259
1,563
30,822
97
-
-
97
133
230
35,017
35,247|Restricted
£’000
-
-
1
-
43
44
27
-
27
17
27
143
187
(133)
54
3,677
3,731|Total
2025
£’000
25,680
1,997
565
2,117
604
30,963
29,286
1,563
30,849
114
27
143
284
-
284
38,694
38,978|Total
2024
£’000
27,167
1,856
622
1,971
348|
|---|---|---|---|---|
|||||31,964|
|||||30,347
1,502|
|||||31,849|
|||||115
20
417|
|||||552
-|
|||||552
38,142|
|||||38,694|
The financial activities set out above are those of the group. Details of comparatives by fund are disclosed in note 26.
## **Continuing operations**
None of the group's activities were acquired or discontinued during the current and previous years.
The notes on pages 18 to 32 form part of these financial statements
Page 15
## **BRYANSTON SCHOOL Company No. 226143**
## **BALANCE SHEETS 31 August 2025**
|Notes
**Fixed assets:**
Tangible assets
9
Investments
10
**Current assets:**
Stocks
11
Debtors
12
Cash at bank and in hand
**Creditors:**Amounts falling due
within one year
13
**Net Current Assets:**
**Creditors:**Due after more than
one year
15
**Funds:**
Restricted funds
17
Unrestricted funds
- General funds
18
- Designated funds
18|Consolidated
2025
2024
£’000
£’000
38,339
40,061
3,492
3,301
41,831
43,362
153
190
10,556
892
16,008
17,309
26,717
18,391
(25,563)
(16,531)
1,154
1,860
42,985
45,222
(4,007)
(6,528)
38,978
38,694
3,731
3,677
33,036
33,572
2,211
1,445
38,978
38,694|School|School|
|---|---|---|---|
||2025
£’000
38,339
3,492
41,831
153
10,556
16,008
26,717
(25,563)
1,154
42,985
(4,007)
38,978
3,731
33,036
2,211
38,978|2025
£’000
38,293
-
38,293
33
10,498
16,008
26,539
(25,269)
1,270
39,563
(4,007)
35,556
372
33,036
2,148
35,556|2024
£’000
39,977
-|
||||39,977|
||||40
788
17,309|
||||18,137|
||||(16,278)|
||||1,859|
||||41,836
(6,528)|
||||35,308|
||||379
33,570
1,359|
||||35,308|
The school’s surplus for the year of £294,481 (2024: £291,408) is included.
## **ON BEHALF OF GOVERNORS:**
E R Benedict Chair of Governors
Approved and authorised for issue by the Governors on 21 March 2026
The notes on pages 18 to 32 form part of these financial statements
Page 16
## **BRYANSTON SCHOOL**
## **CONSOLIDATED STATEMENT OF CASH FLOWS**
## **for the year ended 31 August 2025**
|Notes
**Net cash provided by**
**operating activities**
22
**Cash used in investing activities**
23
**Increase in cash and cash**
**equivalents in the year**
**Cash and cash equivalents at**
**1 September 2024**
**Cash and cash equivalents at**
**31 August 2025**
24|2025
£’000
(2,150)
1,222
(928)
17,178
16,250|2024
£’000
11,247
(565)|
|---|---|---|
|||10,682
6,496|
|||17,178|
|**Analysis of changes in net debt**
Cash
Cash equivalents
Overdraft, repayable on demand
Total|1 September
2024
£’000
17,309
14
(145)
17,178|Cashflows
£’000
(1,301)
344
29
(928)|31 August
2025
£’000
16,008
358
(116)
16,250|
|---|---|---|---|
The notes on pages 18 to 32 form part of these financial statements
Page 17
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 1. **ACCOUNTING POLICIES**
## **Accounting convention**
The accounts of the School are prepared in accordance with the Statement of Recommended Practice applicable to Charities (SORP 2015) (Second edition, effective 1 January 2019) and the Companies Act 2006. Bryanston School meets the definition of a public benefit entity under FRS 102.
## **Going concern**
Bryanston School meets the definition of a public benefit entity under FRS 102.The budget, financial forecasts for income, expenditure and cashflows and access to funding support that there are no material uncertainties about the charity’s ability to continue as a going concern. The financial statements are drawn up on the historical accounting basis except that investment assets are carried at market value.
## **Basis of consolidation**
The consolidated financial statements incorporate the financial statements of the School, its trading subsidiary undertaking and a controlled charitable trust. A separate statement of financial activities for the School itself is not presented because the School has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.
## **Fees and similar income**
Fees receivable and charges for services and use of premises are accounted for in the period in which the service is provided. Fees receivable are stated after deducting allowances, scholarships and other remissions allowed by the School, but include contributions received from Bursaries and other trusts.
## **Donations and fund accounting**
Donations received for the general purposes of the School are included as unrestricted funds. Donations for activities restricted by the wishes of the donor are taken to “restricted funds” where these wishes are legally binding on the Governors.
## **Trading income**
Trading income represents net invoiced sales of goods and services, excluding value added tax.
## **Expenditure**
All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the statement of financial activities. The irrecoverable element of VAT is included with the item of expense to which it relates.
## **Investments and investment income**
Investments are included at closing mid-market value at the balance sheet date. Any gain or loss on revaluation is taken to the statement of financial activities. Investment income is accounted for on an accrual basis.
## **Tangible fixed assets**
Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation, and replacement expenditure is written off as expenditure in the statement of financial activities. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition. Depreciation is calculated to write off the cost of tangible fixed assets, less their estimated residual values, over the expected useful lives of the assets concerned. The principal annual rates used for this purpose are:
Land is not depreciated. Buildings are depreciated at rates between 1% and 20% per annum on cost or over the remaining useful life if shorter. Plant, furniture, and other equipment is depreciated at rates between 4% and 33% per annum on cost.
## **Stocks**
Stock is valued at the lower of cost and net realisable value, after making allowance for obsolete and slow-moving items.
Page 18
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
## **for the year ended 31 August 2025**
## 1. **ACCOUNTING POLICIES (Continued) Debtors**
Debtors are measured at their recoverable amounts.
## **Impairment of assets**
Impairment of assets are calculated as the difference between the carrying value of the asset and its recoverable amount, if lower. _(Recoverable amount is the higher of fair value, less any cost of sales, and the estimated value in use at the date of the impairment review)_ . The tests for impairment are carried out only if there is some indication that the carrying value of the assets may have been impaired.
## **Foreign currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are considered in arriving at the operating result.
## **Advance fees scheme**
The School offers parents the opportunity to pay for up to five years tuition fees in advance in accordance with a written contract. This is treated as deferred income until the pupil joins the School whereupon the prepaid amount for each term is charged against the remaining balance and taken to income. Any shortfall is treated as a deduction from School fee income and any excess accrued is treated as additional School income.
## **Operating leases**
Rentals paid under operating leases are charged on a time basis over the lease term.
## **Pensions**
The School operates a group personal pension scheme for staff.
## **Funds**
The school has the following types of funds:
- Restricted funds – These are funds that can only be used for particular restricted purposes within the objects of the school. Restrictions arise when specified by the benefactor or potentially by the fundraising objective.
- Designated funds – These are unrestricted funds where the governors have designated them for specific purposes.
- General funds – These are unrestricted funds whose purpose has not been designated by the governors.
## **Financial Instruments**
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost except for investments which are held at fair value. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors expect social security and other taxes and provisions. Assets and liabilities held in foreign currency are translated to GBP at the balance sheet date at an appropriate year end exchange rate.
## **Critical accounting judgements and key sources of estimation uncertainty**
In the application of the accounting policies, Governors are required to make judgement estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.
Judgements made by the Governors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are deemed to be in relation to the depreciation rates of tangible fixed assets, the provision for slow moving and obsolete stock and the provision for bad and doubtful debts which are discussed above. The accounting policies have been applied consistently in dealing with items which are considered material in relations to the School’s financial statements.
Page 19
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 2. **INCOME**
|**COME**|||
|---|---|---|
|Fees receivable consist of:
Gross fees
Less: Total bursaries, grants and allowances|2025
£’000
29,537
(3,857)
25,680|2024
£’000
31,367
(4,200)|
|||27,167|
## 3. **TRADING INCOME**
The commercial activities at the School are carried out by a separate company, Bryanston Conference Centre Limited, a company registered in England (company no. 1111950). The School owns all the shares in the company and its annual profit is paid to the School under gift aid. Its trading results, extracted from its audited accounts were:
4.
|Turnover
Cost of sales
Gross profit
Administrative expenses
Operating profit
Interest payable and similar charges
Net profit
Net gift aid payments
Retained for the year
Extract from Balance Sheet as at 31 August 2025:
Fixed assets
Net current assets
Net assets
**INVESTMENT INCOME**
Rent receivable
Bank deposit interest
Investment income|2025
£’000
2,117
(921)
1,196
(642)
554
554
(577)
(23)
46
17
63
2025
£’000
49
512
43
604|2024
£’000
1,971
(899)|
|---|---|---|
|||1,072
(603)|
|||469
-|
|||469
(542)
(73)|
|||83
3|
|||86|
|||2024
£’000
41
262
45|
|||348|
Investment Income was £604,000 (2024: £348,000) of which £561,000 was unrestricted (2024: £303,000) and £43,000 was restricted (2024: £45,000).
Page 20
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
|5.
**OTHER INCOME**
Summer courses
Registration and other fees
Day pupils accommodated
Miscellaneous income
Special tuition
Equestrian income
6.
**STAFF COSTS**
Wages and salaries
Termination payments
Social security costs
Other pension costs
The average number of employees during the year was as follows:
Calculated on a full-time equivalent basis:
Teaching staff
Other employees
Governors’ expenses
Numbers of governors receiving expenses||2025
£’000
181
168
473
319
500
356
1,997
2025
£’000
15,453
203
1,639
2,463
19,758
2025
No.
617
136
269
405
2025
£’000
4
12|2024
£’000
182
158
417
164
516
419|
|---|---|---|---|
||||1,856|
||||2024
£’000
15,689
78
1,415
2,403|
||||19,585|
||||2024
No.
639|
||||145
287|
||||432|
||||2024
£’000
5|
||||14|
This represents the reimbursement of travel and accommodation expenses. With the exception of the above, neither the governors nor persons connected with them received any remuneration or other material benefits from the School or any connected organisation. The key management personnel of the group comprise of the Governors and the School’s wider Senior Management Team. The employee benefits of key management personnel were £1,475,000 (2024: £1,437,000). The number of employees whose emoluments exceeded £60,000 was:
|0,000 was:|||
|---|---|---|
||2025|2024|
|£60,001 - £70,000|14|13|
|£70,001 - £80,000|5|8|
|£80,001 - £90,000|3|1|
|£90,001 - £100,000|2|1|
|£100,001 -£110,000|1|-|
|£140,001 - £150,000|-|2|
|£150,001 - £160,000|1|-|
|£160,001 - £170,000|-|1|
|£170,001 - £180,000|1|-|
|The number with retirement benefits accruing in:|||
|- Money Purchase schemes were|27|26|
|for which the contributions amounted to|£445,320|£444,876|
Page 21
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 7. **EXPENDITURE**
|xpenditure includes:
Auditor’s remuneration – for audit services
– for non-audit services
Depreciation
Profit on disposal of tangible fixed assets
Operating lease rentals – Land and Buildings|2025
2024
£’000
£’000
33
38
13
3
1,531
1,741
(104)
(13)
31
31|
|---|---|
Expenditure includes:
## 8.
## **ANALYSIS OF EXPENDITURE**
|**Charitable activities**
School operating activities:
Teaching costs
Welfare
Premises
Management and administration
Governance
**Trading activities:**
Trading costs of the subsidiary
**Total for group**|Staff costs
£’000
11,464
4,766
1,004
2,001
-
19,235
523
19,758|Support
costs
£’000
2,470
2,112
2,861
1,174
46
8,663
1,001
9,664|Depreciation
& Profit on
Disposal
£’000
182
44
1,207
(45)
-
1,388
39
1,427|Total
£’000
14,116
6,922
5,072
3,130
46|
|---|---|---|---|---|
|||||29,286
1,563|
|||||30,849|
|||||Total
£’000
14,952
7,052
5,432
2,870
41|
|_Analysis of expenditure –previousyear_|||||
|**Charitable activities**
School operating activities:
Teaching costs
Welfare
Premises
Management and administration
Governance
**Trading activities:**
Trading costs of the subsidiary
**Total for group**|Staff costs
£’000
11,769
4,674
933
1,788
-
19,164
421
19,585|Support
costs
£’000
2,873
2,331
3,237
1,050
41
9,532
1,004
10,536|Depreciation
& Profit on
Disposal
£’000
310
47
1,262
32
-
1,651
77
1,728||
|||||30,347
1,502|
|||||31,849|
Expenditure on charitable activities was £29,286,000 (2024: £30,347,000) of which £29,259,000 was unrestricted (2024: £30,322,000) and £27,000 was restricted (2024: 25,000).
Page 22
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 9. **TANGIBLE FIXED ASSETS**
|**Consolidated**
**COST:**
At 1 September 2024
Additions
Adjustment for VAT
Disposals
At 31 August 2025
**DEPRECIATION:**
At 1 September 2024
Charge for year
Eliminated on disposals
At 31 August 2025
**NET BOOK VALUE:**
At 31 August 2025
At 31 August 2024
**School**
**COST:**
At 1 September 2024
Additions
Adjustment for VAT
Disposals
At 31 August 2025
**DEPRECIATION:**
At 1 September 2024
Charge for year
Eliminated on disposals
At 31 August 2025
**NET BOOK VALUE:**
At 31 August 2025
At 31 August 2024|Freehold
land and
building
£’000
56,381
245
(608)
-
56,018
17,403
1,164
-
18,567
37,451
38,978
Freehold
land and
building
£’000
56,381
245
(608)
-
56,018
17,403
1,164
-
18,567
37,451
38,978|Plant,
furniture
and other
equipment
£’000
8,989
369
(197)
(109)
9,052
7,906
367
(109)
8,164
888
1,083
Plant,
furniture
and other
equipment
£’000
8,114
369
(197)
(79)
8,207
7,115
329
(79)
7,365
842
999|Totals|
|---|---|---|---|
||||£’000
65,370
614
(805)
(109)|
||||65,070|
||||25,309
1,531
(109)|
||||26,731|
||||38,339|
||||40,061|
||||Totals|
||||£’000
64,495
614
(805)
(79)|
||||64,225|
||||24,518
1,493
(79)|
||||25,932|
||||38,293|
||||39,977|
Page 23
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 10. **INVESTMENTS**
|Balance at 1 September 2024
Additions
Disposals
Realised profit on disposal
Revaluations
Quoted investments
(Historic cost £2,268,000)
Cash deposits and interest
Balance at 31 August 2025|Consolidated
2025
2024
£’000
£’000
3,287
2,931
197
425
(520)
(506)
27
20
143
417
3,134
3,287
358
14
3,492
3,301|School|School|
|---|---|---|---|
||2025
£’000
3,287
197
(520)
27
143
3,134
358
3,492|2025
£’000
-
-
-
-
-
-
-
-|2024
£’000
-
-
-
-
-|
||||-
-|
||||-|
The School controls three other entities other than its trading subsidiary.
- I O Education Services Limited, which was dormant throughout the year.
- Bryanston Foundation Limited, which was dormant throughout the year.
- The Bryanston Foundation is a charity registered in England and Wales and its objects are to provide items, services and facilities for the pupils of the school, which advance the purposes of the school. The aggregate amount of assets, liabilities and funds are shown below and a summary of its income and expenditure is shown in note 17.
|Extract from Balance Sheet as at 31 August 2025:
Fixed assets
Net current assets
Net funds|2025
£’000
3,134
225
3,359|2024
£’000
3,287
11|
|---|---|---|
|||3,298|
## 11. **STOCKS**
|**TOCKS**||||
|---|---|---|---|
|Maintenance, domestic and catering stock
Stock of goods for resale|Consolidated
2025
2024
£’000
£’000
46
54
107
136
153
190|School||
||2025
£’000
46
107
153|2025
£’000
33
-
33|2024
£’000
40
-|
||||40|
Page 24
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
## **for the year ended 31 August 2025**
## 12. **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments
Amount due from subsidiaries|Consolidated
2025
2024
£’000
£’000
9,411
599
529
62
616
231
-
-
10,556
892|School|School|
|---|---|---|---|
||2025
£’000
9,411
529
616
-
10,556|2025
£’000
9,254
519
595
130
10,498|2024
£’000
502
58
228
-|
||||788|
In prior periods, fee invoices raised for the following Autumn were not due until the first day of term and were therefore netted off against the associated fees in advance income. For 2025/26, as VAT invoices have been issued before the year end, this creates a tax point meaning amounts are owed at the time of sending. Therefore, there has been a change in treatment to reflect this change and both the fee debtors and associated fees in advance are recognised gross.
As at 31 August 2025 Other debtors above included £377,000 which falls due after more than one year (2024: nil).
## 13. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Bank loans and overdrafts
Other creditors
Fees received in advance
Parent deposits
Amount due to subsidiaries
Taxation and social security
Accruals and deferred income
Advance fees scheme (see note 14)|Consolidated
2025
2024
£’000
£’000
1,366
1,251
116
145
440
407
6,331
5,218
4,446
4,268
-
-
2,043
468
8,016
404
2,805
4,370
25,563
16,531|School|School|
|---|---|---|---|
||2025
£’000
1,366
116
440
6,331
4,446
-
2,043
8,016
2,805
25,563|2025
£’000
1,345
-
301
6,331
4,446
143
1,949
7,949
2,805
25,269|2024
£’000
1,091
-
407
5,218
4,268
196
359
370
4,370|
||||16,278|
The school bank accounts are secured by a legal charge on the School’s freehold property and a debenture on other assets.
Page 25
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 14 **ADVANCE FEES SCHEME**
Parents may enter into a contract to pay the School up to the equivalent of five years’ tuition fees in advance. The money may be returned subject to specific conditions. Assuming pupils will remain in the School, advance fees will be applied as follows:
|After 5 years
Within 2 to 5 years
Within 1 to 2 years
Within 1 year
Balance at 1 September 2024
New contracts
Repayments
Amounts utilised in payment of fees:
To the School
Discount accrued
Balance at 31 August 2025|2025
£’000
94
2,182
1,731
4,007
2,805
6,812
10,898
477
(284)
11,091
(4,322)
6,769
43
6,812|2024
£’000
271
3,639
2,618|
|---|---|---|
|||6,528
4,370|
|||10,898|
|||2,640
10,254
(280)|
|||12,614
(1,882)|
|||10,732
166|
|||10,898|
## 15. **CREDITORS: DUE AFTER MORE THAN ONE YEAR**
|Advance fees scheme (see note 14)|Consolidated
2025
2024
£’000
£’000
4,007
6,528
4,007
6,528|School|School|
|---|---|---|---|
||2025
£’000
4,007
4,007|2025
£’000
4,007
4,007|2024
£’000
6,528
6,528|
## 16. **OBLIGATIONS UNDER LEASING AGREEMENTS**
Annual payments due on operating leases expiring:
|Within 1 year
Within 2 – 5 years
After 5 years|Consolidated
Operatingleases
2025
2024
£’000
£’000
127
-
158
207
94
101|School
Operatingleases|
|---|---|---|
||2025
£’000
127
158
94|2025
2024
£’000
£’000
127
-
158
207
94
101|
Page 26
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 17. **RESTRICTED FUNDS**
Analysis of movement in restricted funds
|Balance at
1
September
2024
£’000
Teddy Potter Fund
179
Business Conference
77
ENEV
100
Bryanston Prep Funds
23
Bryanston School
379
Bryanston Foundation
3,298
3,677|Income
£’000
1
-
-
-
1
43
44|Expenditure
£’000
-
-
-
-
-
(27)
(27)|Gains &
Losses
£’000
-
-
-
-
-
170
170|Transfers
£’000
2
-
-
(10)
(8)
(125)
(133)|Balance
at 31
August
2025
£’000
182
77
100
13|
|---|---|---|---|---|---|
||||||372
3,359|
||||||3,731|
Bursaries restricted funds represent donations to the School where the donor has requested that the funds be used in this area. The Teddy Potter Fund was established from donations to provide bursaries to sixth form pupils studying sciences.
The Business Conference fund came from donations received for the purposes of funding an annual business conference and other workshops which aims to encourage business enterprise not only amongst our pupils, but also the wider local pupil population. The first conference was held in the summer 2013.
The ENEV fund has been established to help Bryanston pupils and recent former pupils to turn their entrepreneurial ideas into new businesses. It also helps fund the educational programme, which promotes business and entrepreneurship with pupils.
The Bryanston Foundation is a charity controlled by the School. In the opinion of the governors its net funds should be treated as a restricted fund on consolidation.
_Analysis of movement in restricted funds – previous year_
|
Teddy Potter Fund
Business Conference
ENEV
Live@Bry
Bryanston Prep Funds
Bryanston School
Bryanston Foundation|Balance at
1 September
2023
£’000
180
77
100
18
45
420
2,966
3,386|Income
£’000
-
-
-
-
-
-
45
45|Expenditure
£’000
-
-
-
-
-
-
(25)
(25)|Gains &
Losses
£’000
-
-
-
-
-
-
437
437|Transfers
£’000
(1)
-
-
(18)
(22)
(41)
(125)
(166)|Balance at
31 August
2024
£’000
179
77
100
-
23|
|---|---|---|---|---|---|---|
|||||||379
3,298|
|||||||3,677|
Page 27
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 18. **ALLOCATION OF NET ASSETS**
The group net assets are held for the various funds as follows:
|Unrestricted
Restricted|Fixed assets
and
investments
£’000
38,339
3,492
41,831|Net current
assets/
(liabilities)
£’000
915
239
1,154|Long term
liabilities
£’000
(4,007)
-
(4,007)|Total
£’000
35,247
3,731|
|---|---|---|---|---|
|||||38,978|
_Allocation of net assets – previous year_
|Unrestricted
Restricted|Fixed assets
and
investments
£’000
40,061
3,301
43,362|Net current
assets/
(liabilities)
£’000
1,484
376
1,860|Long term
liabilities
£’000
(6,528)
-
(6,528)|Total
£’000
35,017
3,677|
|---|---|---|---|---|
|||||38,694|
Analysis of movements in unrestricted Funds
|Income account
Designated funds:
Bryanston Fund
Operational Endowment
Other minor funds
HM Discretionary fund
Trading company assets|Balance at 1
September
2024
£’000
33,572
1,216
85
12
46
86
1,445
35,017|Income
£’000
28,292
500
-
-
10
2,117
2,627
30,919|Expenditure
£’000
(28,909)
(344)
-
-
(6)
(1,563)
(1,913)
(30,822)|Transfers
£’000
81
629
-
-
-
(577)
52
133|Balance at
31 August
2025
£’000
33,036|
|---|---|---|---|---|---|
||||||2,001
85
12
50
63|
||||||2,211|
||||||35,247|
The Bryanston Fund represents unrestricted donations, which are accounted separately from the School’s General Income Account.
The Operational Endowment Fund represents unrestricted donations provided for the purpose of supporting the infrastructure of the Development Office.
Page 28
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 18. **ALLOCATION OF NET ASSETS**
_Analysis of movement in unrestricted funds – previous year_
|Income account
Designated funds:
Bryanston Fund
Operational Endowment
Other minor funds
HM Discretionary fund
Trading company assets|Balance at 1
September
2023
£’000
32,891
1,555
85
13
53
159
1,865
34,756|Income
£’000
29,931
-
-
-
17
1,971
1,988
31,919|Expenditure
£’000
(29,967)
(341)
-
(1)
(13)
(1,502)
(1,857)
(31,824)|Transfers
£’000
717
2
-
-
(11)
(542)
(551)
166|Balance at
31 August
2024
£’000
33,572|
|---|---|---|---|---|---|
||||||1,216
85
12
46
86|
||||||1,445|
||||||35,017|
## 19 **. PENSION COMMITMENTS**
The total pension costs for the group were £2,463,000 (2024 - £2,403,000) which relate to Money Purchase Schemes. There were outstanding contributions at the balance sheet date of £214,000 (2024 - £211,000) in respect of contributions due for the month of August paid over to the pension scheme administrators in September.
## 20 **. STATUS**
The company is limited by guarantee and does not have a share capital. The liability of members in the event of a winding up is limited by guarantee to an amount not exceeding £1 per member. At the balance sheet date there were 14 members (2024 – 13).
## 21. **CAPITAL COMMITMENTS**
The company had no capital commitments at the year end date (2024: nil).
Page 29
## **BRYANSTON SCHOOL**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 22. **RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES**
## 23.
## 24.
|**ANALYSIS OF CASH FLOWS**
**Cash flows from Investing activities**
Interest and rents from investing activities
Purchase of tangible fixed assets
Vat on pre-registration purchases of tangible fixed assets
Sale of tangible fixed assets
Purchase of investments
Sale of investments
**Net cash provided/(used) in investing activities**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash at bank and in hand
Bank overdraft
Investment bank accounts
**Total and cash equivalents**
Net income
Depreciation charges
Profit on disposal of tangible fixed assets
Gains on investments
Investment income
Decrease in stocks
(Increase)/decrease in debtors
Increase in creditors due within one year
(Decrease)/increase in creditors due after more than one year
**Net cash (used)/ provided by operating activities**|2025
£’000
604
(614)
805
104
(197)
520
1,222
2025
£’000
16,008
(116)
358
16,250
2025
£’000
284
1,531
(104)
(170)
(604)
37
(9,664)
9,061
(2,521)
(2,150)|2024
£’000
348
(1,007)
-
13
(425)
506
(565)
2024
£’000
17,309
(145)
14
17,178
2024
£’000
552
1,741
(13)
(437)
(348)
12
960
3,466
5,314
11,247|
|---|---|---|
Page 30
## **BRYANSTON SCHOOL**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2025**
## 25. **RELATED PARTY TRANSACTIONS**
During the year the following transactions took place with Bryanston Conference Centre Limited, a wholly owned subsidiary of Bryanston School: Rent charge by Bryanston School £12,000 (2024: £12,000). Interest charged by Bryanston School on the inter-company balances £nil (2024: £nil). The transfer under gift aid of the taxable profit of Bryanston Conference Centre Limited to Bryanston School £577,163 (2024: £542,420). The balance outstanding on 31 August 2025 and due from Bryanston School was £142,479 (2024: due from Bryanston School £195,926).
During the year Bryanston school received donations from Governors amounting to £5,190 (2024: £2,020). During the year Bryanston School received a grant of £125,769 (2024: £124,988) from The Bryanston Foundation, a charitable trust controlled by Bryanston School. The balance outstanding and due to Bryanston School on 31 August 2025 was £129,657 (2024: £nil).
Page 31
## **BRYANSTON SCHOOL**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025**
## 26. **PRIOR YEAR COMPARATIVES BY FUND**
|Notes
**Income from:**
Charitable activities
Fees receivable
2
Other income
5
Donations, grants and legacies
Trading activities
3
Investment
4
**Total**
**Expenditure on:**
Charitable activities:
School operating costs
Trading activities
**Total**
8
**Net Income before investment gains**
**Other recognised gains:**
10
Realised investment gains
Unrealised investment gains
**Net Income**
Transfers between funds
17/18
**Net movements in funds**
Fund balances 1 September 2023
**Fund balances carried forward**
**as at 31 August 2024**|Unrestricted
£’000
27,167
1,856
622
1,971
303
31,919
30,322
1,502
31,824
95
-
-
95
166
261
34,756
35,017|Restricted
£’000
-
-
-
-
45
45
25
-
25
20
20
417
457
(166)
291
3,386
3,677|Total
2024
£’000
27,167
1,856
622
1,971
348|
|---|---|---|---|
||||31,964|
||||30,347
1,502|
||||31,849|
||||115
20
417|
||||552
-|
||||552
38,142|
||||38,694|
Page 32
## **BRYANSTON SCHOOL**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF BRYANSTON SCHOOL**
## **Opinion**
We have audited the financial statements of Bryanston School for the year ended 31 August 2025 which comprise the Consolidated Statement of Financial Activities, The Consolidated and School Balance Sheets, the Consolidated Statement of Cash Flows, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the group and parent charitable company’s affairs as at 31 August 2025 and of the group’s net movement in funds, including the income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Governors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections of this report.
## **Other information**
The Governors are responsible for the other information. The other information comprises the information included in the Report of the Governors. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Page 33
## **BRYANSTON SCHOOL**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF BRYANSTON SCHOOL (continued)**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Governors (which includes the strategic report and the directors’ report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors’ report included within the Report of the Governors have been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Governors (which incorporates the strategic report and the directors’ report).
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or
- the charitable company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of Governors’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of Governors for the financial statements**
As explained more fully in the Statement of Governors’ Responsibilities set out on page 15, the Governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Governors determine 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 Governors are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud 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 audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Page 34
## **BRYANSTON SCHOOL**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF BRYANSTON SCHOOL (continued)**
Based on our understanding of the group and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the independent school regulations, safeguarding regulations, health and safety requirements, GDPR, employment law and Charity law and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the Charities Act 2011 and the Charities SORP, and consider other factors such as payroll taxes and VAT.
We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries and management bias in certain accounting estimates and judgements. Audit procedures performed by the engagement team included:
- Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
- Evaluating management’s controls designed to prevent and detect irregularities;
- Identifying and testing journals, in particular journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptions; and
- Challenging assumptions and judgements made by management in their critical accounting estimates
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Lee Stokes (Senior Statutory Auditor) For and on behalf of HaysMac LLP, Statutory Auditors Date: 09/04/2026
10 Queen Street Place London EC4R 1AG
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