AEPORTOF THE TRUSTEES. STRATEGIC REPORT AND FINANCIALSTATEMEP4TS FOR THE PERIOD ENDEO 8 SEPTEMBER 2025 FOR aAYESMORE SCHOOL COMPANY No. 00359779 REGISTEREO CHARITY No. 306214 •AF30E9EG* OfAW2020 C(WAPANIES HOUSE A18
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CLAYESMORE SCHOOI INDEX TO ThE FINANaAL STATEMENT5 for the perkMI ended 8 Septernbef 2025 Page Company Informatlon Staternent by Inspired iearnir¥ Group Report oftheTrustees lin£ludiTr8 Strate8k Report) Report of ihe Independent A15 14 statement of Mnandal Pthvlties 17 Balance Shteo Cash Flow Statement 19 Notes to the Flnandal SlatemeDts
CLAYESMORE SCHOOL CIXIPANY INFORMATION TRUSTEES MrSMShah Mr N R Patel Mi S Rid)ards (appointed 8 September 20251 lèppointed 8 September 20251 (appointed 8 September 20251 GOVERNORS & TRUSTEES Mr J l Andrew5 Mr5 R A P Stiven Mr W Bedford Mrs J 8rown Mr A Edwards (resigned 8 September 20251 Iresigned 8 Septernber 20251 Iresigned 27 November 20241 IS1£ned 8 September 20251 Iresi8ned 4 Dember 20241 Iresigned 8 Septernber 20251 Ifesigned 8 September 20251 IresigneL18 September 20251 Iresigned 18 March 20261 Iresigned 8 Septembef 20251 (resigned 8 September 20251 (resigned 8 Septembei 20251 (resigned 8 September 20251 Mrs F Deernin8 Mr D C Haywood Mr T Ingram Mr D Kirby Mr R shaw Mr M Su55man Mrs F Waller Mrs S Wilst KEV MANAGEMENT PERSONNEL EAD Mrs J SThomson BA MBA QTS- to 31 December 2025 Mrs N Jones IActin8 Heatll- from l January 2026 SEcRARy & CLERKTO COVNCILI DIREcfoR OF FINANCE & OPERATIOMS Mrs N Bailey Phinn 84 FCA REGISTEREO OFFICE aaye5rn0re School Iwerne Minster Blandford Forum DTII 8LL REGISTEREO NUMBER c359779 CHARITY REGISTRATION NUMBÉR 306214 AUDITORS Fawcetts lip Chartered Accountants ond Stotutory Audito Windover House St Ann Street Salisbury SPI 20R BW4KERS Barclays Bank PLC 1-3 Haymarket Tower5 Humberstone Gate Leicester LEI IWA Lloyds Bank pk 6 Market Place Blandfofd Forum DTII 7ÉE The above Informati relates iothe date of appro¥al of the5efinancial Srements
CLAYESMORE SCHOOI STATEMENT ON 8EHAiF OF INSPIRED LEARNING GROUP lor the pwiod ended 8 Seplernber 2025 On behalf of Inspired Leamin8 Gioup. l am pleased to kyesent the financial staiements of Oayesmore School for the vear ended 8 September 2025. This financial year marked a si8nificant mcent in the lon8 hist¢)ry of Clayesmore. culminating in the School joinin8 Inspired Learnin8 Group on 8 September 2025. The chan8e to ihe accounting ieference date reflects this important transltion in ownership and the beginning of a new chapter for the School. By the time of siBnifig these financial statements. Clayesmore has now completed twO$essfUl terms as part of the Group and has entered an exciting Trew phase in its de¥dopment. Clayesmore is a school wrth a distinttive charatter. strty)8 values and a deepty rooted Sense of community. From the otset. our intention has been to pre5er¥e and strengthen those qualities whilst provitlin8 the lonB-term financial resilience. operational support and strategic investment required to ensure the School coniinues to thrive in an ncreasingly challenging independeni education settor. The wider sellor has expeiienced considerable pressure durin8this per*)d. intluding the introduction of VATon School fees from January 2025. increase5 in employer National In5uraDce contributions. inflaiionary pressures and wider economic uncertainly affettinB many families. These challenges have required schools across the country to adapt quickly and carefully balance affordabilily. sustainability and educational excdlence. ainst this backdrop. Ihe decision for Claye5more io i(xn Inspired Learnrng Group was ly)th stralegic and forwar Icx)kins. As part of a family of indepentlent xhools, Clayesmore now benefits frorn the 5trersBth. expertise and shared resources ol a larger organisation whilst retaining its own ideniity. ethos and educational approach. Since joinin8 the Group. st8nificani wrk h35 been undertaken to position the School for bng-term sustainability and futu growth. This has included investment in opeTational infrastruttre. strenuhened financial oversight and the continued development ol new initiatives and income streams desi8ned io broaden the School's offering and enhance pupil opportunities. Areas ol devek)pment include new immersion programmes, expanded swimming provision. the launch of a new nursery and additional Pre-Prep cla55es. tO8ether wilh wider community engagement initiatives, all of which support both educational enrichment and lon8-temi resilience. Ir15pired Learning Group remains firmly committed to a holistic educational philosophy. recognising that academic aChe¥ement rnust sit alongside strong pastoral care. character development and the nurturing of individual ialent. Clayesmre's longstanding repatIon for providing a well-rounded education ali8nS Strongly with thesevalues. and we are confident in ihe School's future within the Group. I would liketo place on record my sincerethanks to theGovernors. adership team. teachin8 and support staff fortheir dedication, professionalism and commitment throu8hoLrt a period of svdnificant change. Their hard work has ensure(I conrinuity, stability and ortgoin8 SUPPOrt lor pupils and families during this important transition. Clayesmre enters the next sta8e of its history from a FrfJ5ition of optimism ènd oppJrtuTriiy. We are excited aboLrt the f4Jture and remain committed to investing in the School. supporting its community anLI buildinB upon the strong foundations that already exist. Amit Mehta- Diiector Inspired Leamin8 Group
CLAYEWORE SCHOOL REPORT OF THE TRUSTEES forthe eDOed 8 September 2025 The 8oard of Trustees present their annual report. vthich includes their strate8ic report. or the period ended 8 September 2025 under the Charities Act 2011. tOBether with the audited financial statements for ihe year. and confirm rhai the latter comply with the requirements of the Act. the Trust Deed and the Charities SORP. REFERENCE AND ADMINISTRATIVE IP4FORMATION Clayesmore School 15 registered with the Charity Commissioners for England and Wales Iregisrration number 3c214). It is incorporated and reBlStered in England and Wales underthe Companie5 AU as a company lirnited by guarantee and not having a share capital Icompany number 3597791. its current Mernorandum and Articles of A550Clation bein8 dated 12 June 2010. The Boaro of Trustees is responsible for the svategic owsight of aaye5more School. Our dutie5 include ensurin8 the sthool's financial health. upholding its mission and value5. and supporting the Head and Senior LeaLler5hip Teom ISLTI n deliverin8 an exceptional educational experience. Throughout the year. we have focused on governance best practices. risk mèna8ement. and long-term strategic planning. REVIEW OF ACHIEVEMErirs AND ACTMTIES OF THE YEAR Clayesrnore continue5to providea distinctive education founded on strongpasloralcare. academic arnbition and a wide ran8e of opportunities beyond the classroom. Durin8 the year, the h0o1 recved an excellent outcome frorn the Independent 5(hools Inspectorate IISII and successfully renewed its accreditation wth CAeSTeD, reco8nisin8theoualityof provisi for Fxjpils with specifK learning needs. Academic achievement rernainetl stron& svpported iw a broad curriculum and the Schoofs co<uTricular progfamme, LEX, which promotes outdoor education. crearivity. leadership. service and wellbein8. Sport continued to play a si8nilieant role in school life. Highlights iluded the 1st XV reachine the 5emi-finalsof the RFU National Bowl Competition, continued inclusion in The CrKketer Schools Guide Top IW for the ntnth con5utIve year. and several pupils gaining selettion for 8ath Rueby Academy_ Pupils also achIe success in county and reRional omperitions acros5 a ran8e of 5POrts. Music. drama and outdoor education continued to flourish. wr(h strong participation in performances. examination5 and the Duke ol Edinbur8h'5 Award xheme. The Sch1 further 5trengthefied its pastoral provision ihrough developments to its PSHRE programme and the successful introLluction of technology for pu5xls in Years 9-11. helping to reduce rn0.1e phone use during the 5choDI day. The Prepschool continueij todevelop. includingtheopenin8of a 50-week Nursery and preparationsfor ihe introdurtion of Reception. Year l and Year 2 classes from september 2026. Claye5more remains commitied to public benefit through bursaries. partnerships and community engagement. During the year, the School awarded £2.9 million in fee support. continued its Partnership with Ikondo School in Taniania, supported pupils displaced by the conf Kt in Ukraine. and hosted a range of sportin& educational and cultural activities for local Khools and commvnitygroups. The Govern5 thank staff. pupils. parents and supporrers for their continued Cofnrnitrnent to the School antl its values Inspe¢tk+ns The School is judged by the Independent Schods Inspertorate and the schrM)I has ££SISteIlY fflet all staThdard5 of compliance and educational quality. The inspection reports are available on the school website.
CLAYESMORE SCHOOL AEPOATOF THE TRUSTEES forthe period ended 8 Septefflber 202S Charitable Artviities At Oayesmore. we place a strong ernphasi5 on cornrnunity engagemeni and charitable 8ivin& both of which are central to our values as a h0O1. Our tommitmeni to publit benefit and social responsibility is refiecteLI in the wide ran8e of outreach, partnership. anij fundraisin4 initiati¥e5 undertaken throughovt the year by pupi15. Staff. and ihe wider school community. We continueto deepen ourtie5 Wth both local and international communities. Our pupi15 and staff haye dedicated tirne and resources to a variety of volunteer and fundraisin8 attivities. suppjrting causes such as Oorset Blind Assotiation. NSPCC. Medecins s3ns Fronrieres, Royal British Legion. Tanzania Fund. Macmillian. RSPCA and the Arrny Benevolent fund. One of the most impactful Initiatives rernain5 our Tanzania Partnership. now in its fourth year. Developed through the LEX pro8ramme. this partnership has fostered a meanin8Ful connettion between our pupils and those ar Ikondo School in Tanzania. Pupils have learned Swahil. partlClP31ed in virtual exchanges. and or8anised several siJcie$5ful fundraising events. These experiences promoie gknbal awareness and ernpathy• while makine a tangible differente to the lives of others. We have also continued our support for ihose affecied by ihe conflitt in Ukraine. In 2024, we provided fully funijed educational pleS for 13 Ukrainian pupils, toverin8 tuition. transport. and wraparound support. These pupils have been welcomed warffl into our cornrnunity. and friendships wilh their peers have flourished. Parent engagement events, such as hosted coffee mornings. have also helped Ukrainian familie5 to inte8rate and feel supported. The bursarial cost (rf this support in 2025 was £219l untlerlinin8 our commitment to responding compassioTharely to global crises and ensuring access to edUCatn for those most in need. In addition. our Bursary Committee continues to meet regulady and ensures that financièl support 15 directed where it is rnost neeijed. We are prOj to support families who would othenmise be unable to access a Clayesrnore education. as well as current pupils whose circurnstaThces may have changed. In 2024. the School awarded a total of £3.2M in fee support. Our charitable reach extends into the wider local community in a number of ways. including". Hosting sporrin8 events for k¢al statexhools. indudingcrKkw. crOss-(ntry. athletics. swirnmin& and rugbv CompetitnS Opening our swimming p1 for-Learn to 5m- lessons for local children Hosting music and EAL exams for pupils from local s(hools Invitin8 local primary schools to enjoy Forest kh1 activitie5 followed by a BBQ by the lake. fostering community connertions and outdoor leaming Encoura8in8 local villa8er5 toioin usat our rnusiccorKerteventS. 5trengtheningcommunirytiesthrough shared cultural experiences Staff rnembers seryine as eovernors at Lk)th state and ihdepefident scho(As. with time and support given to fulfil these roles Involvement of the Head5 of two nei8hbourinE state 5th001s lone primary. one secondary) on our Go¥ernin8 Council, promoting settor collaboration Continued acce55 to our 8rounds durin8 hIdayS for tal spwyts and orienteering Broups Claye5more a150 Contrilrte5 meaningfulty io the I1 econorny. pro¥iding year-round emFloyment io over 350 staff. includin8 apprenticeships and mentoring for Ecfs working toward Qualified Teacher Statu5. We Strive EO use local suppliers wherever possible. including neighbouring farms for woodchip. and local dairies and butchers foi food supplie5. Staff, parent5. and vi5itor5 a150 SUPPOrt the Ial villa8e shop, cafe5 and oiher service5. Durin6 the 2024125 atademK year. the School paid £831K in employee-related taxation. and we continue to maintain our histonc buildin8s and extensive 8ar*Jen5 as • valued part of the re8wJnal heritage.
CiAYESMORE SCHOOL REPORT OF THE TRUSTEES forthe perknd ended 8 Sep¢ember 2025 Through all these activities. aayesmore remains steadfast in its beliel that education extends far beyond the classroom. ey fostering a culture of sernfice. generosity and en83eement. we aim to inspireour pupiL% to make a posittve and lastine difference in the world arountl them. Invstmnt in fad14tles Despite the challenging financial climate. the Sch¢)ol has remained committed to investing in its facilities through ongoing maintenance and targeteij improvements. This (tInUed investment is vital io attratt prospective pvpils and retain outstanding Staff. Many of the projects undertaken have been essential for health and safety compliance, includingthe continuation of thecomprehensi¥e iewiring of the Masn House. FINANCIAL REVIEW AND RESULTS FOR IME YEAR The comprehensive results for the year and the financial posrtion are shown in the accompanying financial statements. The linancial year 2024-2025 ended with a deficit of £SK for the year before the transfer of the assets and liabilities to ILG. but after an unrealised gain on investments of £695k. The majority of the Schod's income was derived from nrKmal charitable atrivr(ie5. A5 With rnany independent schools, we continue to face signiant ffinancial pressures and remain alert and proaciive in responding to the challenges afferting the secior. Increasing costs for s¢)d5 and service5 have had a marked impact on our financial position. In balancing ihese pre5sure5. we have been rnindful of mair>t3ining fee affordability for our larnilie5 and have thereFore keptfee increases toa minimum wherever possible. Additionally. recent legislative changes. including the introduttion of VAT. an increase in employer National InSurarecOTrtnbutionS and the removal of business rates relief. are expected to further affetr our financial wtlty)k. Reser¥es Poliri The School's policy is to invest any surplus generated from the ruDnin8 of the SchcK•l in developing the buildings. equipment and resources of the School. Invtstment Policy The School's investmeni policy is decided by the Trustees in accordance with its Memorandum and Article5 of Association. Future Plans The ILG Group remain deeply committed to safeguarding Oayesmor¥s distinttive ethos. ensuring it continues unchanged. Thi5 eth05 focu5es on delivering an academically inclusNe. a11-throh education fe?luring a flexible, diverse. and innovative turriculum desi8ned to support and challenge ery pupil to achieve their full potential. Aeco8nisinE the importance of strong 8overnance in todavs educational landscape. the Goverws have developed a ctear st¥ate8ic plan to guide ihe School's fwure. Following thc tran*fef of the Sch(KTrl to ILG.the Charity will coniinuc to opcrnie wilh a clearfocus on advancing education and supportin6 pupils at ClayesrTKire. The Charity intends to utilise lis remainin8 fvnds over the comin8 years to provide financial a5SlStance and other charitable support to pupils who may benefit fvom addItn31 help in accessing the opportunities available at the SthocA. The Trustees will continue to oversee the careful stewardship of rhese funds. ensuring ihat they are applied in accoféance th ihe Charitvs objectives and for the benefit of current and future generaiions of Claye5mre pupils.
CLAYESMORE SCHOOL REPORT OF THE TRUSTEES for Ihe period ended 85eptembw 2025 STRucfuRE. GOVERNAHCE AND MANAfjEMENTlyntll 8 septem1 2Q25) Go¥rnint Council The strurtureof the Charity until 8 Septernber 2025 consisted of a Goveming CouncTI, the key details of which, includin8 committee mernberships. are explained on Pa%e 3. Other committees and 5ub(ornrninees exist or are formed as necessary to deal with Health and Safety. Remuneration. Financial Matters and Safe8u8rdinB. The governors are trustees of the Charity aThd directors for the purpose5 of company law. and are legally responsible for the overall management and control of Claye5moreSchool. All 8o¥ernor5 gr¥e freelyof theirtime and do not receive remuneration for their roles. Organisational Management The governors mew at least three times a year as a full Cwncil." additional meetings may be called if necessary. Council provide5 overall direction. wth more detailetl review rnonrtoring then carried out by the Finance and General Purposes IF&GPI Committee. which also mes at least three times a year. The Chair of the Governing Council is also currently Chair of the F&GP Committee. The other key committee5 are the Education Cornrnittee and the Heohh and Safety Committee. The Education Committees deal with academic. pastoral and teaching staff issues in Senior and Prep Schools and rnea terrnly. while the Health and Safety Committee dea15 wilh health and safety and cornpliance matters and also meets iermly. The day to day running of the school is delegated tr) the Head. supported by the Senior Oeputy. the Diwtor of Finance and Operations. the pastoral deputy and rhe academic deputy." 108eiher formin8 the EMT. The Head and Director of Finance and Operations attend all of the key governors. meetings and the DIrt0 of Finance and Operations is also Clerk to the Governi06 Council. The Head and Deputy Heads a150 attend sorne comrnittee5. in panicular The Education Committees. Additional committees. sub committees and working Éroups a established for specific purposes as required. including the SafeEuardin£ Monitoring Group. the aaye5more Society Committee. and various Friends and Parents Associations. and include governors and staff as members. as appropriate. Staff members attending Council or Comrnittee5 do not do 50 as governors and are not permitted to bvte. (rIn8 this crucial deci5ion-rnaking period, the Council has met 5iBnificantly rIre often. ALlditionally, a dedicatetl Steering Group wa5 established tofocu5 specifica10nthe futurestnxture of theschwl. meetingai leastonce a month. Rlsk Management The Go¥erninB Council is responsible for the mana8ement of risks faced by the School. The risk re8iSter is completed by ihe Director of Finance and Operations. along with other members of the School's management. and reviewed on a regular basis by ihe F&fjP Committee and Council. Risks are identified. assessed, and EMT establishes regular risk control ihrou8hout the year. Risk$ are assessed within fNe main categories.. strategic. operational (split beiween academic and sUPPOrtI. governance. financial and compliance. Safe8uardin8 and reputation are a150 considered as separate categories. even though they are often driven by the main five categories. The key controls used by ihe Charity include.. vettin8 Pto(edures as requi by law for the prolett)n of the wjlnerable. and a comprehensive Safeguarding Policy. including regular training updates for all stsff and governors formal Terms of Reference. agendas. minutes and repyts for am Committee and Council attivityio focus discussM)n at the strategic level detailed terms of reference for all Committees. ensuring clear role5 and responsibilities comprehenswe strategic plannin& bwlgding and management xcouniin& wirh key performance indicators. enabling moniiorin8 and review of financial performance
CLAYESMORE SCHOOL REPORT OF THE TRUSTEES for the pernd ended 8 September 1025 established organisational strvttures and limes of reportin& with regular reviews and appraisals formal written policies and prrxedure5. which are regulady reviewetl, toBether wtth regular staff trainin8 authorisation and approval processes. including segregation of dleS where appropriate daailed checks of essential compliance issues ieported at F&GP andlor Educati1) Committees. Through the risk mana8ement prtxesses establisheé for ihe School. the governors are satisfied that the major risks identified are rnonitored have been adequately mitigaied where necessary and are addressed through the School's Strategic Development Plans. It is recognised that Systems can only proviLle reasonable but not absolute assurancethat major risks have been adequatety rnana8ed. Pay Policylor 5enity staff All 8overnorslirustees give of thr time freely. Expense5 were paid in the year onfy as detailed in the financial siatemenrs. No governors received bursary benefrt. The goverhtsrs consider the Council of the Schty)l and the EMT 10 comprise the key mènaEemeni personnel of the School in charge of and direttin8 and controllin8 the runnin8 of the Charity on a day-to-day basis. The pay of seniw staff IEMn is reviewed regularly by Counctl and benchmarked a5 required. 08JECTS. AIMS, 08JECTIVES Objects and Aims The Charl$ Objetts. as set out in its Articles of Asyxiation. are the advancement of education. includingthe provision of a coducational school. This is achieved through the provision of a day and boardin8 school in Iweme Minster for children from the age of seven to wahteen. The School's principal aim 15 to support and challenge every pupil to fulh"I their potential and contribute to the world with confidence. ambition and compassion. As such. aayesrnore is". a school committed to the principles of educating the'whole person. broadly acadernically inclusive, vthilst remaininÈ challengin8 and ambiiious all-throu&h, currently fcom age 7-18 a school in which children fromall nationalitie5 haveopportunr(iestodevelopacrossa rangeof dimensions including the physical. spiritual. moral, aesthetic and social a kind school rooied in Christian traditions a strong community whith enttwra8es lifelong networks. Oblecti¥es Clayesmore School is committed to becoming a sustainable centre for educational excellence. We want to be widely recognised as an innovative school which artively prOMe5 the personal development of pupils in an inclusive and 5tirnulatinB environment. Claye5more pupi15 will have a stron8 sense of ethical. moral. environmental and social responsibility and will go on to become people who will make a positive impatt on the lives of others. The khool therefore has a double rnission.. to provide an excdlent traditional edtKation as well as io pursue a deeper tfansfomiatioThal a8enda throu8h the tultivation of personal delOPment. The real¢sation of this challenge requires a distinct and 5hareiJ rnethodolow based on stron& respectful relationships all members of the community. The vehicle used to deliver these personal development goals is known as'LEX'. In setting objectives and planning the Schod's aaivTiies the Governors and EMT have 8i¥en careful consideration to the Charity Comrnission's general guidance on public benefit. Development plannin8 continues at all levels, incltsding financial and bu5ine5S plans. as well as academic. pastoral and pupil development. to ensure the SchLN)Vs educational offering is fit for purpose sn ndern world. is financially sustainae for the lon8 term and represents 8ood value for money fof parents.
CLAYESMORE SC+IOOL .REPORTOF ThE fRUSfEES foff the perw ended 8 Septernber 2025 Strateglts to athleve our objerti¥ To continue to provide exell•it education and pastoral care in the broadest Sense. with clear Academic, Pastoral (specifically including boardin81 artd Pupil Development Plans. To continue to cater For pupils within a wide ability range. motivatin8 and strelchin8 the more able and offering learning support to young people where fieeded. To maximise the all-through nature of the School with Stronger links between Prep and Senior years and a shared ethos. To continue io enable thecurriculum to eVVe to meet ihe educaiignal. spirifual. moral. technological and cultural needs of ihe pvpils. to help them io prepa e effettivdy for the world of work. and to achiÉve personal and economic well-being. To ensure strong and resilient leadership and mana8ement, wrih a fiKus on professional skills develgpment and 5ucces5ion planning. To ensure efficient Use of our facilit. re5tyJrces and stafPin& investing or making sawnes where necessary to ensure we create the best possible environrnent and facilities for teachin& learnin8 and working. To ensure acce55 to pupi15 from all backgrounds and rnean5. by reviewng the fee structure and by the pmision of means tested bursary places across the School. wilh links to other eoucational Trusts to provide additional funding where needed. To develop and maintain a hardship lund to help pupils meet the cost of school trips. examination entrance fees nd similar expenses noi covered by a bursary award, where needed. To continue and further develop our links tmth the vr cornmunity. including local schools. local residents. clubs. charties and local organisaiions. POLICIES Admission Clayesmore School welcornes pupils from all bxkgrounds. Entrance Interview and assessments a undertaken to satisfy parenis and the School ihat potential pupils will benefrt Irorn the edvcation anij environment proviLled. An individual'5 econorni£ stlUS. 8enLler. Sex. sexual orientation. ethnictty. race. relieion or belief. or di53bility do not form part ol our assessment Pfc<esses fof admisshin. Bursary Awards and Fee Assirtance The education offered by aaye5more 15 not restricted only to those who afford the full fees. The School's Bursary and Scholarship Awards policies are designed to assist access for suitable children to enable them to benefit from a Clayesfflore education. The School rnake5 Scholarship awards based on academic. artistic. mLt5ical and sporting talent and, where additional financial assistance is required. the 5ch¢)ol considersapplications from parentsfora rnean5-tested buf5ary. Such bursaries are also available to pu15 who are not in receipt of a scholarship, and may also be awarded to existins pupils to rdieve hartjship where a pupil's continuity of education would otherwise be at risk. The School does not have endowment funds and has limited donaihMs for tJrsary and scholarship awards. In fun+Jing the majority of awards from income. the School has to be mindful to ensure a balance between fee-paying parents. many ol whom make considerable personal sacrifKes to fund iheir child's education. and ihose benefiting from the awards. However. Ihe School work5 With other Trusts to provide additional fundinglor pupi15 if needed. particularly in emam years. In order to dirert the School's limited funds where mst needed. parents whose children are in receipt of a bursary are requested to notify the Director of Finance and Operations of any si8nifKant change in their financièl circumstances, and the School reserves the right to revw all bursary awards on an annual basis. Further details about fee assistance are available on the School's websiie. Discounts are also currently offered to siblin8s (whilst tm? or more are at the school concurnentlyl. staff and military personnel. io
CLAYESMORE SCHOOL REPOATOFTHE TRUSTEES lor the period ended 8 September 2025 Equal Opportunltle5 Clayesmore School is an equal opportunity organisatKfi and is committed to a working and educational environment that is free from any form of di5crirnination. The sChL will make reanable adjustment5 to meet the needs of pupil5, staff or other visitors who are or become disabled. Safeluardini and Promoting Welfare The Schod 15 cornrnitted to safeguarding and Pfomotin8 the welfare of its pupils and insists ihat all staff and volunteers share this Comrnltrnent. Appropriate policies. procedures. workin8 practices and training are in place io underpin this commitment. Theschool also proviées parents with re8vlar infiKmarion about theirchild's social. academicand pastoral pro8ress through parent evenings. regular report5. informal contacts and newsletter5. ENERGY EM15510NS REPORT In line with Streamlined EnerÉy antl Carbon Erni)n Reporting 1CAl. the School's UK energy use Is rewrted as below. Vearto 311812025 Year to 311812024 UK energy use Ikwhl Associated greenhouse gas emlssions Itonnes C02 equivalentl Intensity ratio lemission5 in tC02e per 2.IOS.907 1,529.676 490 375 1.14 0.73 UK ener8y use Cove Sc1 elettricity 5 transport. bebng school minibuses. van5 and car5. A5SOCiated Greenhouse Gases hove been cakulated using rhe GHG Reporting Protocol- Corwjrate Standard. and uses the appropriate 2025 Government emission conversion factors for greenhouse ga5- company reporting. There has been an increase in the intensity f*io reported for the year. The School is continuing to raise ener8Y Usage awareness across the whole school and have replaced li8hting with LED li8ht5 on an od hoc basis as replacemeni or refurbishment opportunities rxcur. such as Thew astro pitch LED li6htin8. The School continues to explore options for a full li8htin8 replacement pro8ramme. The School 15 r<Aling out a pro8ramme to install smart mders ¥¥he possible for improved tracking gf consumption. The School completed the ESOS Phase 3 re¥ in the 2023-24. and vrrill continue to adopt sorne of the further energy and cost saving measures that arose from this in the next academic year. li
CiAYESMORE SCHOOL REPORT OF THE TRUSTEE5 frythe ped ended 8 Sptember 2025 EMPLOYEE INFORMATIO14 The School follows all legislative requirements rdatlD8 to recruitment and employment and operates specific policies for the followine areas.. Sale8uardin8 including Prevent Duties Csciplinary Grievance Capability and Performance Accessibility Health and Safety Whistleblowing scrimination and Equality. A professional development programme is in place for staff and the School supports the personal and professional development of all Staff, wherever possible. ¥IELATED AND CONNECTED PARTY TRANSAcn(x4S The School had no related or connecte(I party tlaftsèrtiolls durin8 the financial year. STATEMENT AS TO DISCLOSURE OF INFORMAnoN TO AUOIT(IRS So far as thetru5tee5 are aware. there is no rdtwont autlil infomiation las ¢Jefined by Section 418 of the Cornpanie5 Att 2(X>61 of which the chariiable company's auditofs are unaware. and each governor has taken all ihe steps ihat he or She OU8ht to have taken as a trustee in order to make himsem or herself aware of any relevant audit information and to establish that the charitable company's auditors are aware of that inforrnation srATtMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also direttors of the companyl are reswjnsible for weparin8 the Report of the Trustees (which includes the Strate8ic Reportl and the financial staternents in accordance wth applicable law and Uriited Kin8iJom Accountin8 Standards Iunited Kingdom Generally Accepted Accountin8 Practicel. Company law iequires the tiustees to prepare financial statements for each financ1 year. wh¢ch give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. includin8 the income and expenditure. of the charitable company for that period. In preparing those financial Statements. the 8overnors are required to.. select Sultable accouDtin£ polic and then apptythem consistentty observe the methods and principles in the Charities SORP 2015 IFRS 1021 make judgernent5 and estirnates that are reasonable and pwdent State whether applicable accounting standards have been followed. subiert to any material departures disclosed ané explained in the financial statements." and prepare the firTrancial staternent5 on a going (ern basis urkless it is inappropriate to wesume that the charitable company will continue in operatK)n. The governors are responsible keeping adequate accounting records. which disch)se with reasonable accuracy at any time the financial Posiiion of the cornpany and enable them io ensure that the financial Statements cornply with the Companies kt 2Ci16. They are a150 responsible for safe6uarttin8 the Jssets of the company and hence for taking asonable steps for the prevention and detertion of fraud and other irregularities. 12
CiAYESMORE SCHOOI AEPORT OF THE TRL•STEES forth rItid ended 8 September 1025 ON BEHALF OF THE BOARD OF TRUSTEES The irustees Iwho are also directors of the tornpanyl appr¢>ve the of the Trustees and the Strate8ic Report f the period ended 8 Septernber 2025. Approved and authorised for issue by the t)ard and signed on its behalf by.. 05/06/2026 Mr N R Patel- Trustee Dale 13
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CLAYESMORE SCHOOL
Opinion
We have audited the financial statements of Clayesmore School (the 'charTtable cornpanVI for the pe0d ended 8
September 2025 which comprise the Statement of Financial Artivitie5, the 8alance Sheet. the Statement of Cash
Flows and notes tothe financial staternent5. including SnIfIcant accounting policies. The financial reportingframework
that has been applied in their preparatK)n is applKable low and United Kin8dom Accounting Standards. including
Finan
aAYESMORE SCHOOL REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CiAYESMORE SCHOOL We have nothin8 to report in respert of the followin8 wtters in relation to which the CoMnIeS Act 2CQ6 require5 115 to reprt to you if. in wr opinion: adeqvate accounting records ha¥e not been kept. or return5 adequate for our audit have not been received from branches not visited by us.. or the financial statements a not in a8reement with the coUnting records and retums,. or certain disclosures of govemors. remuneration spectfied by law are not made.. or we have not received all the infomiation and explanaiions we require for our auditResFK)nsibilities olgovernors Re5pon5ibilities of Gty4tmors As explained rnore fully in the governors. responsibilitTes siatement set (rt on page 5, the 8overnors (who are also the directors of the charitable company for rhe pvrposes of company lawl are respty)siNe for the preparation of the financial statements and for bein8 sat15fied that they Bive a true and fair view, and lor such internal conirol as the governors determine is necessary to ertable the preparation of financial statements that are free from material mi55taternent, whether éue to fraud or error. In preparing the financiol statemenis. Ihe 8overnors are responsible for assessin8 the tharitable company'5 ability to continue a5 3 going concern. disclosin& a5 applicable. matters rdated to going concern and using the going concern basis of accounting unle55 the governors either inten¢J to liouide the charitable tompany or to cease operation5. or have no realistic alternative but to do so. •luditQl Te5POn51blli5lQfthE dudil vl 111741l11415tat¥nn15 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material rnisstaternenr. whether due to fraud or error. and to issue a Report of the Auditors that includes our opinion. Reasonable assufance is a hi8h level of assurance. but is not a guarantee that an audit condutted in accordance with ISAS IUXI will always detect a maierial misstatement when it exists. Misstatements can arise from fraud or error and are considered materiJl if. iridividuallyorin the aggregate. they could rea${ablY beexpetted to influencethe economit decisions of users taken on the basis of these financial statements. Irrpeiilaritips, inr.ludinc fraud, are in%tanre5 of non¥.nrnpliance with IAWS A Thd rp4ulations. We iJe5iBn proced¢ires in lino with our reswnsibilities. outlined above. to detect material misstaiements in respect of irregularities. includin8 fraud. The extent to which our procedures are capable of ijetecting irreeularities. including fraud is detailed below. F¥tent to whirh Ihp was considered capable nl rfrt•rtinc irrecvl3rit. iThdudinc fraiid. We identify and as5e55 the risks of material mi55totement of the financial statement5, whether due to fraud or error. and then de5ion and perfom audit procedures reSnSt¥e to ihose risks. including obtaining audit evidence that is ufficicnt and appropriatc to provide J ba: for our opinion. Idntifyin8 and assesslnt potentlal rSsks relèted to irrelay•tieS In iéentifyin8 and assessing risks of material rnisstaiement in respect of irre8ularities, includin8 fraud and nw- cornpliance with laws and re8ulations we considerthe following". the nature of the charity sector. control environmeni and financial performance- results of our enquiries of management about their own identilication and assessment ol the rlsks of irregularities.. any matters we identified having obtained and revbewed the charitrfs dLxumentation of their policies and procedures relating to.. identifyin& evaluating and comth.ng with laws and lariOnS and whether they were aware of any instances of non-cornpliance.. detecting and re5pondin8tothe risksof fraud andwhetherthey havekDowled8eof any actual. 5uspe(ted or alle8ed fraud,. rhe internal contro15 established to mitigate risks of fraud or nots<ompliance wth law5 and re8ulation5 the matters discussed among the audit engagement team regarding how and where fraud miÉht occur in the financial stements and any potentbal intlicatofs of Fraud. As a result of these procedvres. we considered the opwjrtunities and incentNes that May emtst within the organisaiion forfravd and identified thegreatest pjtential forfraud in thefollowng area.. revenue and profit recognition. In common wilh all audits under ISA5 IUKI. we are also oquired to perforrn specifit procedures to reswnd to the risk of managernent override. 15
CLAYESMORE SCHOOL REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CLAYESMORE SCHOOL We have also obtained an understandin8 of ihe legal and re8ulatory Frameworks ihat the charity operates in. focusing on provision5 Of those laws and regulations that had a direct effect on the determinaiion of material amounts and disclosures in the finzncial statements. The key laws and regulations we £sIdere{j IFI Ihis context includeL1 the UK Charitie5 Act and related legislation. Audit response to risks ideThtffied As a result of performing the above. we identrfied revenue and resource recognition a key audit matter related to the potential risk of fraud. Our ptocedures to respond to risks identilied included the following.. reviewing the financial statement disclosures and testing tosupporting dotumentation to assess compliance with provi5ion5 of relevant laws and regulation5 described 35 hanI a direct effect on the financial statements.. enquirin8 of managemeni concerning actual and pth•)t1al1it183tn antl claims., performing analytical procedures to ideniify any unusual ry unexpected relatH)nships that rnay indicate risks of material misstaternent to fraud- reading minutes of rneeiings of those charged with governaThce.' in addres5in8 the risk of fravd throu8h rnana8ernent override of controls, testin8 the approwiaieness of journal entries and other adjustments.. assess¢ng whether the judgements made in rnaking accounting estimates ore indicative of a potential bias." and evaluatin8 the raiionale of any significani transottions that are unusual or outside rhe normal course ol the chartEVs operations. We also communicated relevant identified laws and regulations and rM)tential fraud risks to all engagement team member5 and rernained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Owingto the inherent lirnitationsof an audrt. thereis an unaw)idatrAe riskthatwe may not have detected some material misstatements in the financial statements. even though we have properly planned and perforrned our audit in accordance with auditing standards. For eXaMe. the further removed non-compliafiee with law5 and regulations lirregulariliesl is fr(*m the events and trafftsactions rdlecteij in the financial siaternents. Ihe less likely the inherentlv limited PredureS required by auditing standards would entIfy it. In addition, as with any au(lit. there iernained higher risk of non-detection of irregulafities. as these may invOe collusion. for8ery. ifjtentional omissions. misreprestntations, or the override of internal controls. We are not responsit>le for preventing non-compliance and cannot be experted ro detect non-compliance with all laws and regulations. A Further description of our responsibilities is available on the FRC'S website at-. hit www.frc.or ssurance auditor-s-res on$1-lItie$-ftsr-the-3Vdrt-Of-1he-fI descri tion-of-the-auditor%E2%80%99s-res for. Thi5 description forrns part of ourauditorf5 reF. auditor5 udi Use of our report This report is made solely to the charitable companrfs members, a5 a body. in accordance wilh Chapter 3 of Part 16 of the Companie5 Att 26. Our audit work has been undertaken so thai we might stale to the charitable comp&n¢s member5 those matter5 we are requireLI to stateto them in an auditorf5 report and lor no other purpose. To the fullest extent permitted by law, we do not accept or assume fesrK)nsibility to anyone othw thart the tharitable company and the charitable cornpany's member5 as a body. fOrJr audit work. forthis report. or for rhe opinions we have formed. Signed.. Simon Ellin6ham BA FCA DChA (Senior Statutory Auditor) for and on behalf of Fawceits Lip Chartered Accountafits and Statutory Auditor5 WindoveT House St Ann Street Salisbury SPI 20R 05/06/2026 16
CLAYE5MORE SCHOOL STATEMENTOF F114ANOAL AcnviTIES lindudin8 thtome and ejtpendiwre auounil Forthe perlod ended 8 September 1025 iknrestrided Funds Restricted Funds Total 2025 Total 2024 INCOME AND ENOOWMENTS FIIOM: Charltable artivil*S Fee5 rec•vable 13.166.561 1.025.817 53.500 13.166.561 IP25.817 53.500 13.174,253 751.107 37500 Other incorr Investment income Donatlowbs and le¢ao•$ 7.171 7.171 130,377 Other tradln# a¢ti¥itie&' Trading i ncon Holiday lettings Claye5fTK)re Society Total in¢om¢ 215.601 297.727 215.601 297.727 19,443 14.785.820 155911 227.897 36.126 14.513.171 19,443 26,614 14.759.206 RESOURCES EXPENDED Ch¥biable actl¥ities'. School operating costs 14.791,054 35.413 I426.467 14.349,926 Other costs.. Donations & Le8acie5 eApenses Trading expenses Finance ané other costs 1.387 1.387 332.422 315.91B 9.083 658.810 271A?O 324.417 329.489 33394 959,170 332.422 315.918 ClayesnKJre Society 9.083 10.470 648.340 Total resouro5expended 15,439,394 45.883 15,485,277 15,309,096 Unfealised ga¢nslllos5esI on investments 694.512 694512 188.1611 INCOME & EXPÉNDIYURE FOftThE YEAR I 1680.1881 675,243 14.94S 1884,0861 Transfer ol •tsets •d Il•biMties io 16.194.055) I110.017> 18.004.072) MOVEMEP4T111 FUNDS 16.874.243) 11.134.774) 18.009.0171 1884,0861 Fund balances brought forward at I September 2024 FUND BALANCES CARRIED FOAWAROAT ' 8 SEPIEM8ER 2025 6,875.328 1.247.931 .123.259 9,007,345 1.085 113.157 1141.242 ,123.259 CONMNUING OPERATIONS The company ceased to trade as a school on 8 tmber 202S. The noies form part of these finantial statemerbts 17
CLAYESMORE SCHOOL BAiANCE SHEET As at 8 September 2025 202S 2024 M)tes FIXED ASSEIS Tangible assets Investments 14.980.820 525,701 15506.521 curiiENT ASSETS Stocks Debtors io 7.121 1.843,066 2.285.190 4.135,377 114.242 Cash at bank and in hand 24 114.242 CPEDrroRS: Amounts falling due within one year 12 7.687.078 N(VAlIENT Li4BinES: 114.242 13.551,7011 TOTAL ASSÉTS LÉSS CURRENT LiABILmES 114242 11.954,820 CREDITO. Amountsfalllng due after rrethan one year 13 3.831.561 114.242 8,123.259 FiA14DS Unrestricied fund5 - G31 16 6874.243 1.085 1247.931 Designated 16. 17 16. 18 1.085 113.157 Restricted fvnds 114.242 8,123.2S9 Approved and authorised for issue by the Boafd ofTrustees of aayesnweschool and si8n&l on its behalf bv". Date.. 0510612026 The note5 form part of these financial statements 18
CiAYESMOftE SCHOOL CASH FLOW ATEllN7 tor the ended 8 September 2025 2025 2024 lthjtes CASH FLOWS FROM OPERATING ACTivmfs: Nei gro¥lded by operalTrx acti¥ities 23 12.270.223) 1371.069 C*h Ilowsfrom in¥estlng arti¥iti Purchase of tan8ible fixert assets 171.314 300.770 Nei cash used in inve5tin8 activitie5 171,314 300,770 Cash IIow5fr4)m fin•nunt attltIeS. RepayrrEnt af borYowinÈs Finance lease repayments Loan repayma)ts after transfer to ILG Cash inflows from ILG 25 1463.3721 124.6731 12.990.061) 3.291.825 1436.0391 25 25 Net cash lused inllprovided by financing auivities 1186.2811 1436.0391 Chw In and equi¥¥•nts inthe PortIng p¢rlod 12.285.190] 1.435.800 Cash and cash equivalents at I Septanber 2024 2285.190 849.390 Cash and Cash equS¥alentsat 8 Septernber 2025 24. 25 2.285,190 The ne$ fomi part of ihese financial statements 19
CLAYESMORE SCHOOL NOTES TO THE FINANCIAL STATEMENT5 forthe wiod ended 8 September 2015 I. ACCOUNTING POLICIES The principal xcountin8 policie5 adopted and conStent1Y applied. jud8ements and key sources of estimation uncertainty in the preparatioD of the fiThancial statement5 are as folkjws.. Accountlni ronvention The financial siatements are prepa in accordance with Accounting and ReF*JrtinB by Charitie5.' the Charities.. 5tatemeNt of Aecommended Praciice applicable to Charitie5 preparin8 iheir accounts In accordance wilh the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 li$5ued October20191- Chartties SORP IFRS 1021 and the Compallies Act 2006. Theyare drawn up on the hisiorical cosi accouniing basis and are prepared in Sierlsng IE) which is thefvnttional currency of the charitable company. The School meets the defiThition of a public benefit entity under FRS 102. Golng Concern The trade, Majority of the assets and all of the liabilities of Oaye5mfft School were transferred to the Inspred Learning Group on 8 Sepiember 202S following theexthan8eof contractson 2 May 2025. Therefore the business and operations of the School under the charity will no longer be conttnuing and. in these circurnstances. UKaccountin8 5tandard5 do not permit the financial statements to be prepared on a going concern basis. The operations ol the khool arecontinuing under ihe new owner on the existirt8 Site and. asthe school is continuing to traLle under the ownership of the Inswred Learning Group. Followin8 ihe transfer of the trade, assets and liabilities. the tru5tee5 of the charity will use the remaiThin8 funds to provide grants and financial support to pupils at Clayesmore School. Fees and similar income Fees receivable ané charges for services and use of premises a acctyjnted for in the period in whh the 5er¥ice is provided. Fees receivable are stated after deductinB allowances. scholarship5 and other remi5sion5 ollowed by the School. Donations. legaoes and othervoluntw InmIne restyr¢es Voluntary incoming resources are accounted for a5 and when entiilement arises. the anThJunt can be reliably ouantrfied and the economic benefit to ihe school is consideted probable. Rt5ources Expended All expenditure 15 included On an accruals basis and is retognised when there is a legal or tonstnKtive obligation to pav. Expenditure is allocated to expense headings •ther on a direct cost basis or apportioned according to time spent. The irrecoverable element of VAT is included wilh the item of expense to whiih it relates. Tangible flxed •ssets Expenditure on fixed assets is capitalised except for expenditure incurred on ihe replxement of assers of low value with a short life. The cost of fixed asset$ 15 their purchase cost, together with any incidental costs of acqui51tion. Depreciation is calculated to write off the cost of iangible fixed assets. le5S their estimated residual values. over the expected useful lives of the asset5 concerned. The principal annual rates used forthi5 pvrp05e are.. Land is not depreciated. Buildin85 are depreciated at rates between 1% and IO% per afinum on cost. The all weather pitch is deplated at IO% per annum on Cost.. fixtures. fittin8s and equipment at rates between 20% and 33%; and motor vehicles ar 20%. Stock Stock is valued at the lower of cost and net realisable value. after making due allowancefor obsdete and slow moving items. The notes form part ofthese financial statements 20
CLAYESMORE SCHOOL P40TE5 TO THE FINANCIAL 5TATEMENT5 lor the perlod ended 8 September 2025 ACCOUNTING POUOE5 l¢ontlnued) Debtors Debtors are measured at their re£oveTrble ainwnt. Creditors and ProviOn5 Creditgrs and provisions are reco8nised wherethecharityhasa present obligation resultln8from a past eventthatwill probably result in the transfer of funds to a third party and the amount tlue to settle the obli8ation can be measured or e5tirnated reliably. Creditor5 and provisions are normally recogni5ed at their settltmeTht amount afteT allowine for any trade discounts due. Hire purchase and leasing ¢ommitments Assets obtained under hire purchase contrart5 or finance lee5 are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estirnate(J useful lives. Those held under finance lease5 are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of tFiese obligations ts charged to the income and expenditure account over the rdevant period. The capital element of the fthute payment$ IS treated a5 liability. Rentals paid under operating leases are char8ed to the income and expenditure xcouni on a straight line basis over the period of the lease. Penslons Until 31 August 2024 the Scho)I contributed to the Teachers. p510 Schen. This is è multirnployer pensK)n scherne. tt 15 not possible to iéentify the School's share of the underlying assets and liabilities of the scheme on a consistent and liable ba515 and therefore, as required by FRS 102. the Sch¢1 accounted for the srheme as if it were a deFined contribution scheme. Contributions. which are in accordance with the recommendations of the Government Aauary, are char8ed in the period in which the salaries to which thtry relate ale payable. The School contributes to a Defined Contribution Scherne for teaching staff that have opted out of the Teachers, Pension heme. Conlributions are charged in the period in which the salaries to which they felate are payable. The School contributes to a Group Personal Pension S¢heffle for norb4eachinB staff. Conlributions ale char8ed in the period in which the salaries to which rhey relate are payable. Funds The School's funds consist of unrestritted and restrirted amounts. The School may use unrestricted arnounts at its dtscreiion. Restrirted funds can only be used for a particular purpose a5 specilied by the th)nor. Designated funds 3re unrestricted funds that the Governors have reserved for a particular purpose. Hed8in8 arrangenntS Intert rate swaps are held to managethe interest rate exposures of borrowings and are included in the financial statements at fair value. Movernents in lair value a iec(enised in the atefflent of financial attivities. Investments All investments are stated at rnarket value. Any 8ain or loss on re¥aluation istaken to the statement of financial activitie5. The notes form part of these financial statements 21
CLAYESMORE SCHOOL NOTES TO THE FINANCIAL STATEMEP4TS for the wiod ended 8 September 2015 INCOMING RESOURCES Thei ntome and net incorni resovrces are attributabletothe one principal acti*Aty of theschool. Fees rectiveableconsisi of.. 2025 2024 Gross fees Le5s.' Total 5cholar5hips. bursarie5 and allowance5 16.639.059 3.472.498 13.166.561 16.333,492 3 159 239 13.174.253 OThER INCOME 202S 2024 Sundry inc¢ThT Fees in li of notyce 901.349 124.468 680.337 70.770 1.025,817 751.107 sfAFF COST5 2025 2024 Wages and salaries S(Kial SEcurity costs Other pension costs .276.764 830.231 1 165 546 8,030,704 688.043 1231210 10,272.541 9.949.957 Theaverage number of employees durin8 the year. caltulated on a full equivalent basis was as follo%%s= 2025 103 125 228 2024 loo 156 256 Teachin8 Othws On a headcount basis the average number of employees was.. Teachin8 13612024.. 1241. Others 20512024: 2231 The rtotes form part of these financial statements 22
aAYESMORE SCHOOL NOTES TO ThE FINANCIALSTATEMEpirs for th wriod endd 8 Stptember 2025 AFF C0575 l¢ontinuedl 1025 2024 The nurnbu of plOyeeS whose eAceeded £60.(X)O werw. £60.LX)1 - £70.ocKJ 70,CQI - £80.000 E80.(K)1- £90.000 £90.(M)I - £Ioo.000 £ioo.ooi- £iio,000 É140.001- £150.000 £160.001 - £170,000 DUrithe year a total of £30S paid to oneGoVerrr{2O24- £2.008 paid to six Governor51 as reimbursed travel, accomrnodation and trainin8 expen5e5. With this eAception. none of the GovLYnors nor any persons connected ro them. rtteved ferInatiOn or benefi.ts frorn the School. The Governors are Trustees ol the Charity. strff costs Include redundancy and termination payments totslling £293.62012024 £65.4481. EXPENOW 2025 2024 Expenditure tldeS.. Depreciation- owned assets (Profit) l L055 on disposal of fixoj assets Opating lease ientsls - planL machinery and Vehicles Auditors, rUneration- audit fee Auditors, remuneration- other Services 517.315 496.384 200,503 16.585 224581 10,287 EXCEPIIONAL nEMS Ouring the year the school received bncomeand incurred eApenditurethat areconsidered excepibonal by virttje of th*r size-. Non refundable deposit rLY¥ved 250 000 Redunllancy costs Legal and professional fees 293.620 388.389 682 009 The rleS form part of these financial 51aterrthrs 23
CiAYESMORE SCHOOL NOTES TO THE FINANCIAL STATEMENTS forthe perlod ended 8 5tpttmbtr 2025 ANALV515 OFTQTAL RESOURCES EXPENDED 2025 Total Staff Other Depreoation Charitable a¢ti¥ilies School operatingcosts.. Teachin8 costs Welfare Premises Management and administration Govunance costs 6.698214 1.658.809 453.029 1.259.692 674.004 708.880 310.344 2.529,275 71.325 10397 363,668 71.325 7,443,S43 2.378.686 1.127,041 3.860.292 10.069.744 4.239.408 517.315 14.826.467 Other ¢ort> Donations & Lqacies Trading costs Finonce Other costs Claye5moreSociety 1.387 129.62S 315.918 1.387 332.422 315.918 202.797 202.797 456.013 658.810 Unrealised investrnent costs Total resouros*xpendod 10 272 541 4 695 421 517 31S 15 485 277 Anatysis for romp¥alr¥e period 2025 aff c¢)As her Dewetiation Trfal Chwiiable attfviiks School operating costs.. Teachin8 Costs Welfare Premises Mana8ement and administration fjovernancecosts 6.605.041 1.5S6.713 543.041 1.185.875 663.354 828,566 410.751 2.051.906 64.353 7.481 360.198 64.353 7.332,748 2.392.760 1,313.990 3,302,133 990.670 3.962.872 496.384 14.349,926 Other w5ts: Don8tions & Legacie5 Trading costs Finance and othw costs Claye5moreSociety I7170 172.985 329.488 271.870 324.417 329,488 151.432 151.432 807.737 959.169 Unrealised investment Costs 88.161 88,161 Total r¢sour¢esexp¢nded 496 384 15 397,255 The notes form part of these financial statemen 24
aAYESMORE SCHOOL 140TES TOTHE FINANaAL STATEMEPU5 for the perh>d etsded 8 September 2025 TANGI&É FrAÉDsrrs FroohDhl Vtlths Eque TOtsI COST At 1st Septeffkner 2024 Additions 15509008 386.49S 2ffj61 168A87 29 55 3.913.217 54.984 2252S.572 2.U27 LS509J08 13 96 At8 seMernber2025 PEPHÉCL4rnA AtIStStytember 2024 cha toi theyear ElSrnjnateO on di5P05al At8 Septsrnber 2025 3.14B.457 193.450 163.31S 27568 190 2.L419S 90598 32 93 I3.?54 194.309 7.331 10.997 18 28 7,S44,7S2 517,3LS 061067 393 393 MEf•ooKvALUE At8 September 2025 At 31 j?J>1 2014 12J61.3SI 213.l80 519.173 IA19.463 47.653 1438020 On 8 Septth)v 2025 411 ofthefiw a55ers weuanslorrd atthorf Tr74t book¥alLto the1n5pr lrnIn86r. Irbcluded freehold land an¢J twJildiw •131 P4J•J5t2024 was land ttyalliwÉl.257SOOTthichTJAS nOtdepre£DatsJ. TheSchod ¥ectyi. in a¢co¢daftt4th 3S.IOldl otFaS102. tyusethecarrynB¥alu¢w 1 Soptr 2ts14.the dateDltrèilSilith) w FRS102.ofanyof theobmfreehold la •Rd twildirfB pfri<wsly tarri•J ata valualrcffi.as th•r deemed cost. INVESIMENIS 1025 1014 VXUArnN.. Al l September 2024 ditions Net unreallsed Sn¥e5bT•ir l¢JSS S2S.70L 613362 694512 At8 September 202S 525 701 Thein¥e5trnEnts arein a listed PIC and Underlhe5h5 4f ttdohOr thtytannot bethsposed of Wsthl atleast1031. 10. srocKS 202S 2024 Main££ dome5lcand<aterife5rock 7.121 The notes form parr of these financial staterrThts 25
CLAYESMORE SCHOOL NOTES TOThE FINANCIAL STATEMENTS for the period ended 8 September 2025 11. DE8TORS.. AMOUNTS FALLING DUEwifHIN QNE YEAR 2015 2024 Trade debtors Other debtors Prepayments and accrued income VAT 1.626.192 4.632 212.242 114.242 114,242 1.843.066 12. CREDrrops: AMOUNTS FAiLING winiiN ONE¥EAR 2025 2024 Loans and overdrafts Isee note 141 Trade creditors Other credItS Payroll ta¥e5 crua15 and deferred income Hire Purchase Advance f VAT 475,417 195,477 117,751 331,422 5.864,539 24.673 654,270 23.529 7,687.0?8 13. CAEDITOII&. A14*)UNTS FALLIIIG DUE AFTER h•nPETMAN OIIE YEAR 2025 2024 BuildinB loans Isee note 141 Advance fees Hire Purchase 2.978,016 818.674 3831,561 The notes fomi pèrt of these financial siatements 26
CLAYESMORE SCHOOL NOTE5 TO TME FINANQAL STATEMENYS forthe period ended 8 September2025 14. LOANSAND OVEROKIFTS analysis of the maturity of loans and o¥erdrafts is given below_. 2025 2024 Arnunts falling due wthin oneyear or on dem?nd.. 8ank overdraft Building loans 475,417 475.417 Arnounts fallin8due betsveen oneand year5.. 8uildin8 loan5 475.417 Arnounts fallineéue betylth M and fiveytsrs.. 8uildin8 loans 1,426.251 A)Unts fallin8 due after five years.. Building loans 1.076,348 The buildin8 loafis with atTh)unts falling due after than fiveyears are bting repaid by lnstriftts of E475,417 per year. Theoverdraftand loafis are sttured by a fi1 charge on the freehold propwty of thecompanv. 15. 08LI&4TIONS UNDER LEASING AG{EmENTs Theiotal future minimum payments dve on lease5 expiring= OperatinK leases ZOZ5 2024 Expirin8'. Within one year Between one and fiveyear5 Over fiveyears 253.192 43845 16. ALLOCATION OF THE CHAM NEfASSEfS iknre5tritted funds Restricted funds Total fund5 Fund value5 at 8 Septembw 2025 are ra)resented by.. Tan8ible fixed assets 1nveskntS Cvrrent assets Assets for resale abilities IM85 113.157 114.242 1.085 113,157 114.242 The note5 form part of these financval 5raternen 27
CiAYESMORE SCHOOL NOTES TO THE FINANCIAL STATEMENTS for the period ended 8 SePtller 2025 17. DEGNATED FUND The désignated fvnd totalling £1.08512024 El85)(¢$1sts ofan unrestrictrl le8a¢y by the Sch1 thich the Trvstees ha¥edesi8nated for useon bur5arie5. 18. RESiwcfED FLW4DS At 1 September 2014 At Seoember 1025 Iree4 Kfjme Ewehditure pins & Transler to ILG pkeep ofCh3pl Scholarship fund Delopment of school Icapital t¢uildings Old Cl3yesmoriaTr5 Support Fund Teachin8 Sports Facilities 10.363 220 229.666 5,487 1103631 120 387 340 65,713 5,487 220 1163.129 220 29.280 21 29,301 Lon8jurNp l Hi8h jump Annual unrestricted Fun Nnnu31 Teaching & Learnin8 nual Bursaries & S(holar5hips Sc¢ial Centre Pupil Projects Musical Instrurrtnts Lake Project Hard hip Fund Annual Fund 21112 Share Endowment Humanitsrlan The Wiiters Block Cafe Sports Centre Refu¥bishment Slte DElopMent TheatrelPavilion clavesnre Foundation Claye5rn0re Society 360 339 25 2.161 2.500 25 1.315 15,680 1,949 11.3151 609 115,6801 827 11751 2,601 525,701 333 15.CK)O 361.923 694.512 11,220.2131 96 14291 115mOI 1361,9231 31,300 3SO 220 131.6501 12.0201 1 810 017 113157 Exceptfor TheClayÉsn%)TeSocietywhith is ertplained bdow. the restrictsi fvnds t¢)nsi5tof donation incomtand subsequ1 expenoiturethat have bew restricred 10 th0separtic4r pvrpose5 31 theTAryshes of the donor. The Clayesmre S¢£ietyexists to promokthrou8h s¢xial and fultal ethts and adivities= ' theaims and objeciives of clayesre * the preservavon of friendship and c¢rnunicaiion anw85tall wrdJer5 support lor ihe tAvrk of theschool Income is derived Irom the $J$CrIptIS thar8ed w pupils btthèsthool over è period of six terms which prowdes lifd¢M MeerShip to the Society. Expenditure represwts the cos15 of Jents str8ed to promte the Schwl and achieve thtaims of the Society The eS forn) part of these financial StateWntS 28
aAYESMORE SCHOOL NOTESTO THE FINANOALSTATEMENTS forthe perd ended 8 September 2025 19. PENSION COMMITMENTS Vntil 31 JJ8USt 2024 theteathin8 stsff had theoption to be mernbw5 ofa definoj bwthtpwsion scherre operared by the Teachers. Pension 4ency. For teachers ¥Jho opted out and other plOyeeS the Sch¢x)I contribute5 to a Group Personal Pension Scheme operated by Scottish Widow5. The sch4)ol withdrewfrom TeaihÈr5 Pensions on I Septernbw 2024. Thecharge fof theyear in respect of all pension £ommitsYnts was £1.231,21012024- £1.231,2101 of which £Nil 12024-£935.8071 related to the Teacher5 Pensions Scheme. At the year-d thwewve ourstandin4 contributions ol £Nil12024-£140.1561. Until 31 AuÉust 2024 the S(hool participated in ihe Teachers. Pension Scheme l-the TPS"I for it5 teachin8 Staff. The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers, Pensions Regulations 20101as amendedl and The Teachers, Pension S(heme Regulations 2014165 amended). Members cofitiibute"p6y as YOU 80- ba51$ W1th contributions from members and the employer being credited the Exchequer. Retirement and other pension benefits are paid by public funds provided by Padiament. The employer contribution rate set by the Secretary of State followin8 scheme valuations undertaken by the Government Actuarfs Department. The most recent artuarial valUatn of the TPS was prepared as at March 2020 and the Valuation Report. which was published in October 2024. Following the aOu judgement. the remedy proF#)sed that when benefits become payable. eligible members can selert to receive them from either the reformed or le8a£y Schemes for the period l April 2015 to March 2022. The acluarie5 have assumed that merTiber5 are likdy choose the option that provides them with the greater benefits. and preparing the 2020 valuation have valued the'8reater value, benefits for groups ol relevant members. The valuaiion confirmed that the employer coniribution rate for the TPS Wld increase from 23.6% to 28.6% from l April 2024. Employers are also required to pay a scherne administration le¢y ol 0.08% giving a total employer contribution rate of 28.68%. The School held a consultation Te$S with members of lehIng staff eligible for the TPS. and an alternative Define(J Contribution Scheme wo5 established for teaching staff to opt into. effettive I September 2020. Employer contributions into ihis scheme are set at a rate of 18.4%. The Sch¢)ol held a further consuation with members of teathing staff digible for the TPS and agreed withdrawal frorn the TPS as at 31 August 2024. with member5 bein8 offered to transfertothealternative Defined Contribution Scheme, effettive I September 2024. 20. STATUS The company. whith 15 limitetl by Éuarantee and has no Sha capital. is registered in England. 21. CAPITAL COMMITMEPITS 2024 2023 Contratted but not provided for in the accounts The notes form part ofihese financial ttatemen 29
CLAYESMORE SCHOOL NOTES TO TME FINANCIAL STATEMENTS for the period ended 8 Septefflber 2025 22. CONIINGENT L WBILris The School has a legal liability to bear thecost of tloWolvÉYten Chapd repairs. HowÉver. the Chapel corbtinues to be maintsined in a Bood stste of repair and the Go¥nor5 areof the opinion that no fvrther provisioTh need be made In these financial siatrnts. 23. RECONCILIATION OF NEfiNCOMING IOil£EST0 NEfcASH f4FLOW FFKJMOPEIIAIKINS 2025 2024 Ner income for theyear as per the Statement of Financial ktiTrribe5'. Unrealised lossesllGainsl on in¥esbMè)ts Profit on tjisposal of fix£Q asset Depreciation char8e5 Ilncreasel l Oecrease in stocks Ilncreasel l Decrease in debtors Incrvd5e I IDttreasel in creditors Net cash Inflow from operatlngatti¥ities 14.9451 1694.5121 1884.0861 88,161 1581.3861 496.384 517.315 18.0511 1714.5891 1.365 441 893.882 1558 114 12.270,2231 1.571.069 24. ANALYSIS OF CASH ANOCASH EQIJVALENTS 2025 2024 Cash at bank and in hand Overdrafts 2.285.190 2.285,190 25. ANALYSISOF CHANGES IN 14Ef DEBT At 31 August 2024 At 8 5eptemb*r 2025 Cash Fws Tr•sfers 14et f45h Cash at bank and in hand 2.285.190 12.S86.9541 301,764 Oel)t Loans falling due within one year Loans fallin£ after m¢re than oneyear 1475.4171 12978.0161 193,6021 5S6.974 569,019 2.421.042 11.168.243) 12.123,5821 3.291.825 The notes form part of ihese financial statements
CLAYESMORE SCHOOL NOTES TO THE FINANaAL STATEMENTS forthe period ended 8 September2025 27. COMPARATIVE STATEMENT OF FINANCIALACTMnES iknre5tri¢ted Re#ritted Funds Tatal 1024 Total FurK15 Z023 h14COME AND ENDOWMENTSFROK. Charitable artl¥lties Fee5 re1Vable Other Income 13.174.253 751.107 37500 13.174.253 751.107 37.500 12,658.909 751.72S 17,608 Investrnt i ncome Donations a1 lews 130J77 130.377 585,493 Other tradlng acli¥itie& Trading income Holiday lettings Claye5nKre Society ISS.911 227.897 155,911 227.897 36.126 173.932 60.124 33.711 36.126 Total In(ome 14.346.667 166503 14513.171 14.281.502 Chariiable a¢rivilies: School operating costs 14.237893 112.034 14.349,926 13.610.063 Other cost5: DonatlOll5 & Lryacies expenses Trading expenses Finance and other costs Clayesmoresociety 271A70 271.870 324.417 329.488 33.394 959.169 6396 198.457 175.495 61,866 442.814 324.417 329.488 33.394 305.264 653.904 Unrealised losses on investsnents 88.161 88.161 115.915 Total resour$ expended 14A91.797 505.459 15.397,256 14,168,793 NEf INCOME & EXPENDllLHIE FOR ThE YEARI NEf PIKIVEMENT Iri FUNDS 338 56 86 112709 Fund balances brought forward at I Sepiember 2023 7,420.458 1.586.887 9.007.345 8394.636 FUND BALANCES CAIIJUED FOAWARfiAT31 AUGiIST2024 675327 1247J31 8J23259 91107,345 The notes forrn part of ihese frnancial siatemen 31