COMPANY NUMBER: 00779605 CHARITY NUMBER.. 306998 GOVERNORS. REPORT. STRATEGIC REPORT AND CONSOLIDATED FINANaAL STATEMENTS FOR B A S (SCHOOL) LIMITED ILIMITED BY GUARANTEEI FOR THEYEAR ENDED 31 AUGUST2025
B A S (SCHOOL) LIMITED ILIMttED BY GUARANTEEI CONTENTS PAGE Legal and administrative infgrmation Governors, Report Ilncorporating Strateglc Report) Statement of Governors, Responsibilities Rèport of the Independent Auditors io Consolidated Statement of Flnancial Actlvltles 14 Consolidated Balance Sheet 15 Company Balance Sheet 16 Consolldated Cash Flow Statement 17 Note5 to the Financial Statements 18
B A S ISCHOOL) LIMITED IUMITED BY GUARANTEEI LEGAL ANO AOMINISTRATIVE It4FORMATION Fdl Court of6ov•mors Prof D J Daniels C8E Mr5 E Fido¢k MrJ Wètts Iresigned 20June 20251 RAUXAF Pjoyce Mr IS Mercer CBE RAdml J M L Klngwell CBE Mrj Hookway Mrs T J Gallagher MrTfj Couthm?n Mrs R Martin lappoln¢ed May 20251 R M Upton Mr P O Padgham Mrs P Adarns Clerkto the FUM Court Mr5 U Acun3 Senlor Leadership ead Head of Prep SrhoDI Bursar Mrs Hannzh Blake Mrc Austen-whlte and Mrj Elms lftom wri 20251 MTS U Acuna tharity number 306998 Company number 00779605 R#lstered office and prfn¢ipal address Battle Abbey S¢hool Battle East Sussex TN33 OAD Audllw5 TC Group The Courtyard Shorehèm Road ilpper Beedln8 Steynin8 West Sussex 8N44 3TN Banke1$ National We5tmlnster Bank PLC 16 High sireet 88ttle East Sussex TN33 OAJ Solldtors Gaby Hardwi¢k 5ollcltOf5 2 Eversley Road 8exhill on Sea East SL¢ssex TN40 IEY Page I
B A S (SCHOOL) LIMITED {LIMITED BY GUARANTEEI GOVERNORS. REPORT {INCORPORATING THE STRATEGIC REPORn FOR THE YEAR ENDED 31 AUGusf 2025 The Full Court of G<)vernors present their report and the auditèd financial statemtnts for the year evKled 31 August 2025. These comply with the Charitvs Memorandum and Articles of Association and meet the requirÈments of the Companies Art 2006 for both a Dlrectors, Report and a StrateAic ReDort. The financial statements have been prepared in accordancè wlth the Companies Act 2006, the Charities Art 2011, and Accounting gnd RepOrIg by Cht7rities.. Stotement of Recommended Prurtice (SORPJ applicable to charities pparIng their accounts under FRS 102. STRVCTURE, GOVERNANCE AND MANAGEMENT Govemlng Document The School is a company limlted by guarantee under the Companies Act 1948 Icompany number 007796051 and is governed by Its Memorandum and Article5 of A55ociation. A revised Memorandum and Articles was adopted on S November 2010, replaclngthe original 1963 governing document. The School is also a re8iStered charity Icharlty number 3069981 with the objett of operatlng BA as an educatlonal charity. Details of the School's solititors, auditors. bankers, registered office and princrpal address are provided in the Legal and Administr3tive Information section. The Full Court of Govemors The Governors, who are also the directors for company law purposes, served throu8hout the year. None of the GovÈrnors ha5 any benefidal Interest In the company. All are members of the company and guarantee to contribute up to £10 in the event of winding Page 2
B A S (SCHOOL) LIMITED IUMITED BY GUARANTEE) GOVERNORS, REPORT {INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The Full Court of Governors, who are also directors for the purpose of company law, and who served during the year were.. Prof D J Daniels CBE Mrs E Fido¢k RAdml J M L Kingwell C8E Mr J Hookway Mr15 Mercer CBE Mrs T de Llnde MrTG Couchman Mrs R M Uptorb Mr P O Pad8h3m Mr J Watts Mr P Joyce Mrs R Martin lappointed May 20251 Senior stsff and Ke Mana ement Personnel: HeadtÈacher Head of PrÈpar3tory school Bursar Mrs Hannah Blake Mr C Austen White and MY J Elms (from April 20251 Mrs U A¢una Organ1tional Structure One-thlrd of the Full Court retire by rotstion at each Annual General Meetln& with those longest in office stsnding for re-elertion. Overall rèsponsibility for the Charity rests with the Full Court of Governors. Day-to-day management 15 delègated to the Head and the 8ursar, whose remuneration is set by the Full Court with reference to comparable independent 5th001s. The Full Court meets termly. attended by the Head, Head of the Preparatory School and the Bursar. Specialist sub-committeès, including the Finance & General Purposes Committee and the Education Committee. also meet termly and report to the Full Court. The Remurieration Commsttee, established in 2021, meets at least twice annually to make recommendations to the Finance Committee. The Charty maintalns Dlrectors, and Officers, liability insurance throughout the year. Page 3
B A S {SCHOOL) LIMITED {LIMifED BY GUARANTEEI GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORn FOR THE YEAR ENDED 31 AUGUST 2025 Recrultment, Inductlon and Tralnlne Governors are appointed by invitation to maintain a balanced mix of skills and experience a¢)d Inltially serve a one-year probatlonèry period. New Governors receive relevant background materials on thè School and their respon5ibllities as tharty trustees. All Governors are encouraged to vlsit the School, attend events. mèet st8ff, and undertake relevant training to strengthen their understanding of their duties. Remuneratlon of Key Management Personnel The remuneratSon of key mana8ement personnel Is sèt by the Full Court with the oblectlvè of offering fair and responslble reward structures that incentlvlse performance and reflecl pradice5 across the Independent school sertor. The polity Is reviewed annually, including benchmarking against comparable schools. PrlncSpal Rlsks arnl Uncertalntles The Charity reviews its Risk Registèr règularly and tskes appropyiate action to mitigaie risk. Speclalist Eonsultants are engaged where required, and risks are mitigated whÈre appropriate through insurance. Financlal Rlsk Management The Charity is exposed to a range of finanaal risks, whith are managed as follows: •Liquldlty and cash flowrSsk- m3naEed through regular review of cash flow forecasts and year-to-date resufts. •Crèdlt rl$k- minimi5ed through the requiremeni for fees to be paid in advance of each term. •lnterest rate rlsk- Managed through fixed-rate loan agreements where possible, and review of InteTest returns on cash deposits. Pa8e 4
B A S (SCHOOL) LIMITED (LIMITED BY GUARANTEEI GOVERNORS, REPORT {INCORPORATING THE STrATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 STRATEGIC REPORT Objècts and Strategy The Schcmjl's purpose Is io operate as a caring and hlghly regarded famlty school offering exceptional pastoral care. stron8 academic outcomes, and a focus on each indNidual child. Wlth a distinctive ethtss rooted In klndness, ctsrftpasslon, mutual re5PeCt, and trust. the School welcomes pupi15 from all faiths and nonÈ, Combining modern facilities and innovative teathing wlth the strength of Its Christlan heritagè. The School aim5 tg develop Inquisitive, confidènt and soclally responsible youn8 people who are prepared for life beyond the Abbey, both academically and personalty. It seeks to inspire lifelong learners who contribute posrtively to society at local, national and global levels. Spe¢lfi¢Alms •To inspire pupils to reach therr full potential and to acknowledge and reward their achlevements. •To promote balanced social development through stron£ pastoral care and a structured day and boardin8 community. •To prepare puplls for life after school through a broad and balanced educatlon thai develops seSf-respect, confjdence, empathy and personal responsibilitv. •To continue developin8 facilities and resources that support the School's aim5 and enhance the leamin8 environment. ACHIEVEMENTS AND PERFORMANCE Acaden¢ Performan GCSE Results •62% of all GCSE grades were 9 •39% were F7 •40% of students achiÈvèd at least one grade 9 •21% of all grades We at 8 or 9 •91% of8rades were 4-9 Pa8e 5
B A S (SCHOOL) LIMITED IIIMITED BY GUARANTEEI GOVERNOR5, REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDEO 31 ALIGUST 2025 Outstanding dÈp3rtmental results included.. •ReK8lous Studles 75% at grades >-7 •Mathm•ttcs-tWO-thlrds achievlng •Textil•s- ILXI% at 7 •Flne Art- 55% at grade 9 Several youn4er pupils a150 Sat GCSES early as part of the bespoke curriculum, securinR hieh- level results including multiple grade 9s. Students praised staff supptsrt and the S¢hool's pDsitive learning environment, hb8hli8hting the impact ot additional sessions and pèrsonalised guidance. A Level. BTEC and EPQ Rets The 2025 cohort dellvered another exceptional set of Outromes: •38% of grades at A'_ •62% of grades atA B •87% of grade5 atA' C •97% of Brades at A_ •Over Th progressed to thèir first-choice destination •EPQ results were extèllent.. 0 85% atA'_A185%1 o 100% atA Stuejents secured places at a range of prestl8ious unlversitie5 includlng St Andrews, Klngs College London, UCL, 8rlstol. York, Durham, Cardiff, Southampton, Portsmouth, Harper Adam5, University of Brighton, UAL and Royal Holloway. Pupll athièvements SIX talented musicians frorn the Abbeyi who previously featured at the Hastings Musical Festival, were put forward to compètè in the district Rotary Young Musician of the year competition. We are dellghted to report that Annabel L won the vocal section and Rupert S the instrumental, though all our pupils played and sang exceptionallywdl. Rupert and Annabel will now go through to regionals in London. lust before half term our girls, hockey team registered a big win overthe always Impressive Dover Colle8e in Dtsver. Page 6
B A S (SCHOOL) LIMITED ILWAITED BY GUARANTEEI GOVERNORS, REPORT IINCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The School Choir went to France performing durlng Mass at th¢ stunning Basilica of SaSnt Thérèse. at Chateau Kinnor. and at Mont St Michel's anclent abbey. PUBLIC BENEF The Govemors confirm thatthey have complied with the public benefit reqvirements of the Charitles Act 2011. Public benefit 15 delivered through bursary support, community engagement, charitable fundraising, outrèach prolects and partnership5. Bursarles, Scholarships and Dlstounts •Bursaries and scholarships awarded.. £639,53312023-24.. £590,237) •Representing 9% of gr05s fee income12023-24.. 7%) •Discounts awarded.. £227.28612023-24.. £367,6131 Awards were granted for acadèmic, sportin8 and musical excellence and on the basis of financial neèd following extemal means testlng. Communlty and Outreach •Swimming pool and Astro turf facllitfes offered tolocal prlmary schools and clubs with little or no char8e. •Tran5Ptsrt support provided to local 5thools when u5inB the pool facilities at a discount. •Over primary school children enjoyed free historical visits wfth Brother Denvhett. •S¢hool Houses raised over £6,80) for charities including British Heart Foundation, Mind, Macmillan, Barby Ke•l. Air Ambulance, and others. •Friends of BA IFOBASI Conned to pro¥sde valuable fundraising 5UPPOrt. FINANCIAL REVIEW General Revlew The School's principal income is derived from tuttlon fees, svpplemtnted by income from letting facilities and from the non-charitable trading subsidiary BA (Enterprises) Ltd, whith mana8Ès wéddlng and even hires. Governors approved a 3% lee increase for 2025-26 and a 3% staff pay rise. Page 7
B A S (SCHOOL) LIMITED (LIMITED BY GUARANTEE} GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) FOA THE YEAR ENDED 31 AUGUST 2025 Performance is monitored agalnst key performancè indicators focusing on lon8-term financial sustalnability, including salary costs, bursary Snvestment, and Ilquidity. These KPIS are regularly reviewed by the Finance and General Purpc¢se5 Commtttee in the etsntext of local and national economic conditions. Reserves Po¥cy Reserves have been used in recent years to maintaln and improve the School's freehold an le35ehold propErtle5 and to seNlce mortgage commitments. The Chariws reserves lexduding restritted funds) largely represent fixed assets held for charitable use. The strateglc objectfve to create an uncommitted reserve of £2 milllon was achieved in August 2022. The school tompleted on its 5in8le s* for boardin& Leeford Lod8e and embarked on a stainable refurbishrnent In time for first use In September 2025- a lon8-term ambitlon for the school to Ènhance boarding and allow the day school greater flexibilty in the Abbey buildings. PLANS FOR ThE FUTURE The Governors, vision is for BA to rÈmatrn one of the best small independent family %hfy)ls in the country, offering acadèmic excellen. exceptional pèstoral care and outstandin8 personal development. Strategie objective5, in priority order, are.. l. Malntaln a¥PtIonal pastoral Care. wkh 5afe8uardlng paramount. 2. Achleve and sustain academlt Èxcellence. 3. Provlde approprlate teathin& pastoral and sportlng fac111tS that support the School's ambition5 and enilth pupil experience. DISCLOSURE OF IPJFORMATION TO AUDITORS Each Governor has confirmed that. as far as they are aware, there is no relèvant audit information of which the audltor is unaware. Each has also confirmed that they have tsken all necessary Steps to make themselves aware ol such information and to ènsure the auditor is aware of it. This report, including the Strètegic Report. was approved by the Governors, a5 the Directors f the charitsble company, on 13 fvpnk 76 and signed on their behalf by.. Radml J Chair ngwe15 CBE Page 8
B A S (SCHOOL) LIMITED IUMITED BY GUARANTEEI STATEMENT OF GOVERNORS. RESPONSIBILITIES The Governors. who are also the directors for the purwjses of company law, are responsible for preparing the Governors, Report (including the Strategtc RÈportl and the financial statements in a¢¢ordance with applicable law and United Kingdom Accounting Stsndards (Untted KinBdDm fjenerally Accepted Accounting Pradlcel, includin8 Financi31 Reporting Standard 102 The Financial Reporting Standard in the UK and the Republic of Ireland,. Company law requires the governors to prepire financlal statements for each f1nancial year whlch give a true and fair view of the affairs of the charitable company and group and of the incoming resources and application of resources, Including the income and expenditure. of the charitablè company and group for that year. In preparin8 these financial statements the g0mor5 are required to.. select suitable accounting PDlicies and apply them consistently., observe the methods and principle5 of the Charities, SORP,. make judgements and estimate5 that are reasonable and prudent. and ppare the financial statements on the goin8 toncern basis unless It is inappropriate 1¢ presume that the charitsble company will not continue In operation. The Govemors are responslble for keeping adequate accounting records that disclose Wlth reasonable accuracy at any time the finantial position of the chaiitable company and group and enable them to ensure that the accounts comply with the Companie5 Att 2006. They are also responsible for safeguarding the assets of the tharitable company and group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularf(ies. Page 9
B A S (SCHOOL) LIMITED ILIMITED BY GUARANTEEI REPORT OF THE INDEPENDENT AUDITORS Oplnlon We have audited the financial 5tements of B A S {Schooll Limited I'the tharotable company) and its subsidlary I'the grourfl for the year ended 31 August 2025 which comprise the Consolidated Ststement of Financial Aetivtties, the Group Balance Sheet, the School Balance Sheet, the Cashflow Statement and notes to thè ftnancial statements, includlng a summary of gnificant accounting policies. The finantial porting framework that h3s been applied in their preparation Is applicable law and United Kingdom Accounting Standards, including Financial Reptsrting Standard 102 The Financlal Reporting Standard applitknle In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practlcel. In our oplnion, fhe finandal ststements.. give a true and fair view of the state of the group's and the parent charitable companvs affairs as at 31 August 2025 and of It5 incoming resources and applScatlon of resources for the yearthen ended,. have been properly prepared in accordance with Unlted Kingdom Genetsljy A¢pted Accounting PractitÈ,' and - have bÈen prepared in accordance with the requIrnents ofthe Companies Art 2)6. Basis frr opini¢)n We conducted our audlt in accordance with Internat(onal Standards on Auditing ILIKI IISAS IUKII and applicable law. Our responsibSlltiès under those standards are further described in the Audltor's respon5ibllities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirement5 that are relevant to our audlt of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsiblliile5 in accordance wlth thesè requirement5. We believe that the audit evldenc we have obtained is sufficient and appropriate to provSde a basis for our opinion. Concluslons relatlng to goln& conc•m In auditlng the financial statements, we hw toncluded that the Bovernor's ustr of the golnE concem basis of accountin8 in the preparation of the financial statements is approprfjate. Based on the work we have performed. we have not identified any Mate81 uncertaintles relating to events or conditions that. Individually or collectively. may cast significant doubt on the group or the parent charfiable company's abilty to continue as a 80ing concern for a perlod of at least twelve months from when the flnanci?I statements are authorised for i55ue. Our responsibilities and the responsibilities of the governors with respect to going concern are described in the relevant Sections of this report. Page 10
B A S ISCHOOL) LIMITED ILIMITED BY GUARANTEEI REPORT OF THE INDEPENDENT AUDITORS Other InformatSon The other information comprises the governors, report, which includes the directorg report land the strategic report), other than the financial statements and our auditorfs report thereon. The governors are rèsponsible for the other information. Our opinion on the financial statements does not cgver 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 finantial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially in¢onsisient wlth the financial statements or our knowledge obtained in the audlt or otherwise appears to be materially mi5Staipd. If we identify such material inconsistencies or apparent material mi55tatements, we are required to determine whether there is a material misststement in the financia1 statements or a material misstatement ofthe other information. If, based on work WÈ have performed, we conelude that there Is a material mi5Statement of this other informatlon, we are required to report that fact. We have nothing to report in this re8ard. Oplnlons on other matters prescribed by the Companles Act 21x16 In our opinion. based on the work undertaken in the course of the audit- the informatlon given in the 8ovemors' report, which intludes the directors, report land the stratègic report) prepared for th@ purposes of company law, for the financlal year for which the flnancial statements are prepared 15 COnSlStent with the financial statements,. and the directo, report land the stratègic reportl included within the governors, report have been prepared in accordance wlth applScable legal requirements. Matters on which we are reqlslred to report by extepUon In the light of our knowledge and understanding of the group and the parent charitable company and Its environnent obtained during th¢ audlt, we have not idèntified material mis5t3ternents in the directors. rèport lar the strategic report) included within the È¢vernors' rewrt. We have nothing to report in respect of the following matters In relation to whld) the Companies Art 2006 requirelsl us to report to you if. in oui opiniDn'. adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not V151ted by us. or - the finantial statements are not In agreement with the accountin8 records and reM5,. 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. Page 11
B A S (SCHOOL} LIMITED IuMifED BY GUARANTEEI REPORT OF THE INDEPENDENT AUDrroRS Rwonsibilitr•5 of the ¥overnors As explalned mDre fully in the 8ovèrnors' responsibilkties statement, the govemors Iwho are 0150 the directors of the charitsble company for the purposes of cornpany lawl are responsible for tw preparatiL of the fin4Drial Statements and for bein8 satisfied that they elve a true and fair vlew. and lor such ternI1 control a5 th¢ ¥ovemors detevmine 15 r(esry to enable the preparatlon of financial statement5 th4t are freèfrom mateiial misstatement, wheihèrdue tofraud orerror. In preparifi8 the financSal Statements, the govemors are responsiblE for a55esslng ihe gro.5 Ind the parent charfjlable company's abilityto contlnue as 2 golng toncern, dlsclosing. 35 applitable, matters related to 8oinE concern and u5in8 the golnE coiicein ba51s ol accounting urtle55 the 8ovemor5 either intend to Ilquidate the group or the parentcharitsble comp2rbY or to cease operafjons. or have no reali5tir 4lternavve to do 50. Auditorfs wespon$ibllbties forthe auditofthe financi•lthatemEnls Our objectives are to obtaln reasonablÈ assurance about whether the financlal 5tstements ère free from materfal misstatement, whether due to fraud ar error, ènd to issue an auditorfs report th4t Includ our opinion. Reasonable assurance is a hi8h level ot a5surante but is not a guararfee that anaudlt condutied in accordance with ISAS IUKI will always detect a rn4terial misstatémentwhen it exlsts. Misstatements can arise Irom fraud or Èrror and are considered materfal if, indlvidually or in the ag8rwte. they cguld reOnablY be expected to influence the ecorMiC deci51or15 of users taken based on these hnandèl ststernerts. Irregularitie5, includlng fraud, are InstaKes ¢)f n0ComplIance vJlth laws and re8ulation5. The extent to whlch our protedures are capable ofdete£tirw i¥re8ularities, Indudlngfraud,15 detsli ed bdow. Extenttowhiththe audli W85CDnslderedcapable of detealn8 Wre¢UlarS, indud1 frdud The ¢blertive5 of our audk, in respect to fraud. are.. to Identlfy and asse the rfsks of materlal misitstement of the nanCial statemÈnts due to fraud,. to obtain 5ufflrlent èppropriaie audli tdenté regardlng thÈ a55e55ed rSsk5 of material mlsstatement due to fraud, through de5ignlng and implementlng appropriate respmses. and to respDnd appropriètelyto fraud or suspectedlraud identified durin8 the audit. owever. the prfmary responslbllityforthe prevet)tlon and detertion of fraud rests with both those charge(I wlth 8overn4ncof ihe and its mana8ement. Our approach was asfollows-. We idpThtified areas of law5 and regulations that could reasonably be expected to have a materlal effert the finèncial statements from our gener31 sector experience, Ind throuÈh discussioTr the trustees and other manaÉement 135 rewlred by ouditinB Stèndardsl, anLI discussed wlth thp trustees and other managemenithÈ pollclesand procedures regardln8tompllancewth law5 and re£atIonS (see bel¢)wl.' • We identlfied the followng areas a5 those most Ilkety to have such an effect.. health and safety.. Genetal D3ta Pretection Re8ulatlon IGDPRI., fraud.. s¢hool Inspections,. brlbery Ind corruptlon alld employment law. Auditing standards lfmit the requlred audit procedures io Iderbtify non-£crfnpliance wlth these laws and regulations to enqulry of the trustees ènd other man8Éement arbd inspeciioA of ulatOry and lesal correspondence, if 3ny. The Identtfied actual or 5U5pected non<omplièrKe wa5 not 5ufficlentlysignificantto ourauditto result In our rp5panse bein8 Identified 85 a key audit matter. Page 12
B A S (SCHOOL} LIMITED ILIMITED BYGUARANTEEI REPORT OF THE INDEPENDENT AUDITORS We considered the legal ¥e8ulatory frameworks direttty appllcable lo the financial statements reporting framework IFRS 102. the COM{$ Att 20)6 and the Chorities Act 20111 and the relevant tsx tomplian regiJlat10115 in the UL. • We considered the nature of the sthoovs Dperatlons, the control envlronment and fifianclal perft>rm8nce. We (ommunicoted Identified laws znd re8ulatlons throughout our team and remaId alert tts any Indicaiions of non-compllance throvghout the aud(£,' We consldered the ProdureS and controls that the school has estsblished to ad(Sress r15ks identified, or that otherwise prevent. detsr and detect fraud,. and how senior Management monitgr5 those procedurès aml conirds. Based en thls understanding we deslgned our audit procedures tts identify non-compllance wlth such laws 2nd reÈu1a¢n> Where the rlsk was corbsidered to be higher, wè pÈrforrned audlt procedures to address each identified fraud risk. These PTocedures included.. testlng manual lourn4ls.' revlewing the finandal ststement disclosures and testin8 10 5upportlng do¢umentation,' performing analytical procedures,. and eTrquiiing of mèn3gement, Ind were desLgned to provlde reasonable aswrance that the finandal statement5 were free frDm Iraud orerror. Owin8 to the inherent limltations of an audit. there Is an unavoidable rlsk thar we may not have detected some material misstatements in the firbHrbcial statements, even though we have preperly planned and perforrned our audit In accordano with auditing Stèndards. For example, the further remDved non. Compliance with law5 and re8ulatlons lirregulaTIt1È51 is Irom the event5 and transactions reflerted in the flnancial statements. the less likely the inherently limlted procedures required by auditini standards would idenlify it. The sk fjs also greater re8ardin8 irre8vlarities oc£urrlnE to fraud rather than trror. ès fraud involves Intentional concealment. forgeryt collusion. omission or rnlsrepresentatidfi. We are not r¢sponslble for preventin8 non-compliance ond cannot be expected to detett non-cgmpllance with all laws and reBulations. Useofour r•port Thi5 report is rnade sore to the grou$ and the company'5 tnembers. as a body, Irb xcordance with Chapter a Df Part 16 of the Companies Act 2(XJ6. Our Judit work has been undErtaken so that WÈ might st£te to the group's and to the comparty's mÈmbers those matters we are required to stste to them in an audito s report and for no other purpose. To the fulle51 ertent permitted by law. we do nol accept or assume re5ponslblllty to aThyonÈ other thèn the group and the group's rnembprs 2s a body, for our audit work. forthls rewr¢ or fortheoplnlons we have formed. f c Mark Cumrnlns FCCA ISeDlorStatu lor and on behalfof TCGroup StatutoryAuditor Offi<e: SteynlnE. West Sussex dltorl Q)ated.. Page 13
B A S (SCHOOL) LIMITED (LIMITED BY GUARANTEEI CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNn FOR TrIE YEAR ENDED 31 AUGUST 2025 Note5 Unrestrlcted Funds Re5tActed Funds Total 2025 Tot41 2024 INCOME FROM: Donations and grants Other tradin8 activitles Investments Charitable activities Total Income 50,0 247.897 91,924 7.905.478 8.295,299 241.n7 78.182 8.397.276 8.717.275 241,717 78,282 8.397,276 &717,275 EXPENDITURE ON". Ralslng funds Charitable actlvities Total expendlture io 235.685 8.643.041 8,878,726 235.685 8.652,041 8,887.726 189,175 8,171,540 8,360,715 9.000 Net Incomellexpendltur•l / Net movement in funds 1161.4511 1170.4511 165,4161 Fund balances brought forward 8,952,110 149,290 9,101,400 9,166,816 Fund balances carrled forward 24125 8.790,659 140.290 8,930.949 9,101,400 All Intome and gains for the year are recogni5ed above. All of the school's activities are cla55ed as continuin8. The Statemènt of Financial ActNlties è150 complies with the requiiements for an Income and expenditure account under the Companies Act 2006. Page 14
B A S {SCHOOL) LIMITED Company Number, 00779605 ILIMJTED BY GUARANTEEI CONSOLIDATED BALANCE SHEET AS AT31 AUGUST 2025 Notes 2025 2024 FIXED ASSETS Tangible asset5 10.34109 8,426,145 CURRENT A55ETS Stocks Debtors Cash at bank and in hand 5,632 592.661 1,912.694 2,510,987 5,289 562,678 3,670,996 4,238,963 16 CURRENT LIABIUTIES Creditors due within one year 17 11578A831 12,877,215) NEf CURRENT ASSETS I IUABILITIESI 167N96) 1,361,748 TOTAL ASSETS LESS CURRENT LIABILITIES 10.266.613 9.787,893 LONG TERM LIABILITIES Creditors due after one year IlJ35,6641 1686,4931 NET AETs 8,930,949 9,101.400 REPRESENTED BY: RESTRicfED FUNDS 24125 140290 149,290 UNRWRicfED FUNDS 24125 .790.659 8,952,110 8,930,949 9,101,4CX) The accounts were approved by the Full Court of Governors and signed on their behalf by- Radmlj M L KlnRwell CBE (Chairl Datè- Page 15
B A S {SCHOOL} LIMITED Company Nvmber.. 7?9605 IUMITED BY GUARANTEEI COMPANY BALANCE SHEET AS AT 31 AUfjUST2025 Notes 2025 20Z4 FIXED ASSErs Tangible Assets Investments 14 10.328,421 8.418,450 Is 10.328.422 8,418,451 CURRENT ASSETS Debtors Cash at bank and in hand 16 696.736 1,666.359 2,363.095 622,295 3.459,480 4,081,775 CURRENT UABILMES Credltors due within one year 17 12,472,614) 12,751,432) Nef CURRENT ASSETS I (LIA8ILITIE51 I109.$) 1,330,343 TOTAL ASSEfs LESS CURRENT LIABILMES 10,218,903 9,748,794 LONG TERM LIABILMES Creditors due after one year 18 11.335.664) 1686,4931 NET ASSETS 8,883,239 9.062,301 REPRESENTED BY: RESTRICTED FUNDS 24 149.290 149.290 UNRESTRlCtED FUNDS 8.733.949 8,913,011 8,883,239 9,062.301 The accounts were approved bythe Full Court of Governors and signed on thelr behalf by.. Radml J M L Klngwell CBE (Chairl Date.. IS 2L_ Page 16
B A S (SCHOOL) LIMITED (LIMITED BY GUARAKtEEI CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDE0 31AUGUST2025 Notes 2025 2024 Cash flows from operatingactfvltles: Wet IncornelexpendFture for the year Adjustments for: Depreciatlon charges Dividends, inter5et and ntS from investments Financing costs Loss from sale of t3ngible fixed assets Ilncreasel/decrea5e in stock Ilncrea5el/decrease in debtors Increaselldecre3sel in creditors Net Cash provlded byllused Ib)) operating acthlltles 1170AS11 165.4161 14 392.173 {78.Z821 21A66 675 328,034 191.9241 24,069 11,1471 14,4031 673,268 16 19 129.9831 1497.1971 1361,9421 862,481 Cash flowgfrom Invein&actIVStie5. Financing costs Dividends. Inte$t and rents from investments Purchase of tangible fixed assets Net tssh provlded byllused Inl Inveslln8 activlties 121.4661 78.2 12.3Th),0361 124,0691 91,924 1777,058 14 12.243,2201 1709,2031 Cash flows from finanrln8 a¢iivrtle5: Repayment of bank103ns Repayment of other loans New loans issued Interest attrued in loans Net cash provided byllused ihl flnanclnE artivilles 19 19 J9 19 1186.8101 140,0001 i.IJOD.000 73.670 1110,3461 139.9961 1150.3421 Change In cash and cash equivalents In the year 11.758,3021 2,936 Cash and c?sh equivalentsat the be8lnnln8of the year 3.670,996 3,668,060 Cash and eash equivalent$ atthe end of the year 1.912,694 3,670,996 Analysis of tash and ¢•sh equlvalents Cash in hand Cash at bank I14 1.911.080 1,595 3,669.401 1,911694 3,670,996 Total cash and cash equivalents 1.912,694 3,670.996 RÈconclllation ol rvèr cash flow to moven)ent in net debt Incre45e / Idecreasel in cash and cash equivalents In the yt•r Ilncreasel I decrease in debt ChanEe In netfunds /ldebtl réultinE from (ash flow5 11.758,3021 1846,8601 12,605,162) 2,936 150,342 153.278 Netlunds at I Spptemeber 2024 Netfunds at 31 August 2025 3.132,818 5Z7,656 2.979,540 3,132,818 Pa6e 17
B A S (SCHOOL) LIMITED IUMITED BY GUARAMfEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 I STATUTORY INFORMATION 8 A S Ikhooll Lirnlted 1s a charitable company, limited by Euarantee, registered in Èngland and Wales. The registered office. compaDy number and charlty number are dptslled in the Legal and Admlnlstratlve Information. 2 ACCOUfrmNG POUCIES 2.1 Basls of preparatlon These financial ststements have been prepared In Hccordance with FRS 102 'The Financial Reporting Standard applicable in the LIK and Republfjc of Ireland. I'FRS 102,1, "Accounting and RepgrtinB by CharitTres the Statement of Recommended Practlce for charftles applying FRS IOZ and the Companies Art 2006. The flnanclal statements are prepad in sterllnK whith Is the functlonal currency of the group. Monetary arnounts In these financlèl ststements are rounded tothe nearest £. The financlal staternents have been prepared under the historical cost conventlon, modlfled to include the revaluation of freehold propertie5. The princlpal accounting policies adopted are set out below. The charltsble company meets the definitlon of a public beneflt entrty under FRS102. Assets and liabilrtles are init1311y recognised 2t cost ortransaction value unless otherwise stated in the relevant accountlng poliLy. At the tlme of apprOn8 the finan¢lal ststements. the Full Court ol fjovemor5 have a reasonable expectation that the Charity has 2deouate resources to continue in operational existentÈ for the foreseeable future. Thus the Governors contlnue to adopt the 8olns wncern ba515 Of accounting In prepartn8 the financial statements. 2.2 Group financial statèments The financial statements con501idate the SUItS of the charity and its wholfy owned subsldlary on è line by line basls. A separate Strtement of Financial Activitles Ilncluding incorne and expenditure account) for the harity has not been presented as the ¢harbty has taken advantage of the exemption afforded by 5e£iiDn 408 of the CompanlÈs Act 2006. 23 In¢orne Income is recognised when the tharitable compan¥ Is legal entltled to it after any performance conditlons have been mel the amounts can be meèsured relfjablyj and It is probable that in(omÈ will be recelved. Income is recognlsed net of VAT. where applicable. Investment income and rentsl income is accounted for on an accruals basls. Income from donations. le8acies and grants is recognised the charitable company is legally entitled to it. it is probable that the irKome will be recelved and the amount can be measured rellably. Where a donor or an appeal ha5 imposed rÈstri¢tions the Incorne is credited to a iestricted fund. School fees receivable. lettings and extra charges are accounted for in the per11 In whith the service 15 provlded. Where fees are received for a future Service period rhey are included in deferred income. Page 18
B A S (SCHOOL) LIMITED IUMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS F(THE YEAR ENDED 31 AUGUST 2025 2.4 Expendltyre Expendlture 55 Included in the accounts on an accrua15 basls, as soon as o liability Is considered probable. Irrecoverable VAT is induded with the Item of expenditure to whlch it relates. Governance costs include those costs a550Ci2tÈd with meetin8 the constitutional and Statutory requirements of the charity and include the audit fees and tosts linked to the strategic management of the charity. All costs are allocated between expendtture categories and departrnent5 on a basls designtd to refiect the use of the resource. Costs relating to a particulai aclivity are allocated directly. 2.5 Tanglble fixed assets and depreclatlon Tanglble flxed a55ets other than IehOld land are stated at cost le55 depreciation. Depreciation Is provtded at lates calculated to write off the cost less estimated resldual value of eath asset over tt5 expected useful life as follows.. Freehold land Freehold buildings Leasehold property Long-life fixtUTe5, fittings & equipment troturf Fixtures, fittings & equlwent Motor vehicles CompLrter equipment not depreciated SO years Straight line 50 years straight line 15 years straight line 10 years stralght line 5 year5 5tralght line 4 years straight line 3 years straight line At each reporting end date, the Charlty review5 the carryin8 amount5 of its tanglble and intangible asseis to determine whether there is any indi¢ation that those assets have Suffered an impairment loss. If any $Lh impairment èxlsts, the recoverable amount of the asset Is estimated in order to determine the extent of the irnpairmÈnt loss lif anyl. Fixed assets below the value of £500 are ntst capltalised. The 8ain or loss arising on the disposal of an a55et is determined a5 the difference between the sale prOed$ and the carrying value of asset. and is reco8nised In net incomellexpenditurel for the year. 2.6 Investm•nts InvestrnÈnts in subsldlaries are measured at cost and reviewed anNJally for impalrment. 2.7 Sto¢k Stock 15 stated atthe lower of cost and net realisable value. 2.8 Finandal Instfuments The charity has elected to apply the provision5 of 5e¢ion 11 'Ba5ic FiDan£ial Instruments, and Settion 12 'Other Financial In5trurnents Issues, of FRS 102 to all of Its f1nancial instruments. Financial instrurnents are reco8Trised in the charlty's balan sheet when the charity becomes party to the contractual provision5 of the instrument. Basic financial InstrurneThts are tognISed at amortised cost. Page 19
B A S (SCHOOL) LIMITED IUMITED BYGVAKANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 19 Debknrs Tr3de and other debtors are retognlsed at the settlemerjr amount due. Piepayments are valued at ihe amount pTepald. 110 C4sh atbank and lth hand Cash at bank and in hand IncludesSh In hand deposlts held atcall with bank& 2.11 Credltoysamd ptovblon5 Cred5tots arvj provisions are recognised where ihe charity hal a present obllwion resuftlng frum a past event that w411 probably resuli in a transfer of funds to a trd party and the amount due to settle the obllgation tan be measuredorestlmated re4ably. 2.12 Fundateountin8 Unrestrlrted fimds are avallablÈ for use at the discretion of ihe Full Cwrt of Govemgrs In Irthernee of the thaiivable oblectlves unlessthefurnds have beern designètedforothér purposes. De5i8Thated fvnds comprlse fund5 whlch have been set asid¢ at the dlscretion of the Full COL of Governors forspetillc purposes. Restricted funds are those furnls that only be used foT particular restrfrted purkK)ses kn accordanee With the wishesofthe doTh)ror when lundsare raised forpirtlcular $trIcted purpose5. 2.13 Le•sln¥•nd hlre purch•se eommlthnts Rentals payable under operating leases, in¢l1n8 èn¥ lease kncentives reWed, are tharged to the ststement of Flnancial Acrivltyeson a strai8ht IlThe ba515 overthe tern) ofthe relevant lease. 114 Employee benefitsand termlthaboh beTr8ffts Termlnation benefits are re¢o8lli5ed immedl&tefy a5 In expense the Chartty Is demonstrably committpd to tÈrmlt)aiethe employmentol an empltsyeo orto provide rerminaiton benèlits. TÈachln8 Staff are members ol the Teachèrs. Penslon Scheme ITP51, h deflned benefit scheme admirwstered by the Te•chers' Penslon AÉerx¥. Contributton5 to the %heme are char8ed to the stsiement of Flnancial Activities as they fall due. The TPS is In nfvded scherne. Contrlbutlons on a 'pay as you ge. basK% are credited to the exthequer under anafftgemerts governèd by the spernuatl0n Act 1972. Actuarial valuiL>n5 are carrled out OTr a notlonal sot of investments. Under the ¢Jefinitions set out in FRS 102 the TP5 is a multimployer pension scheme. The charity Is unable to Ident its share ot the underlylnB InotiDTrall ssets and liabilltles of the Scheme. AcwrdlnEly. der FRS 102 thE scheme 14 accounted for as If It were a defined contrlbution schgme. The Charfty rnake5 defh)ed ¢ontributlon pawNents to a stskehDlder pensioffl scheme for nofvteathin8 staff. Employer ppnsion contributl¢nsae charg¢d in the perlod inwhich thtyfall due. L15 Judgemqnts¥nd keysourtè5 ofesdmatlon Uncertty I the applk3tlon ol the company's acConting pollcies. the Governors are rewired to make jvd8empr¥t e5tlm*es and a5sumption5 about the carryins amount of assets and liabilities that are not readily apparent from other sources. The estim6tes and 85sociaied a55UmPtlons are based on htstorical exp¢rlen¢e and othÈr factorsthat are considered to be relevant. Actualre5utrs may dilferfrom thÈse estimate The e5mateS and vnderlyiThg assuThption5 are re¥lèwÈd on an on8oiw basis. ReYi5i0ns to accountinB estlmarE5 are reco8ni5ed In the period In which the e5tim3te Is rewsed whEre the reSlon affects only that period. or In the peliod of tho re$lon and future perk)ds where the revlslon affects both current and ILrture perlods, Page 20
B A S (SCHOOL) LIMITED ILIMITEO BY GUAIiANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JI AUGUST 2025 2.15 JudK#ments and key sources ot estlmatlon uncertalnty o. Crlrk#ljudMefttsIn opptylnq the entlty's UCCOUrtiftqpolkles 11 MuRI-employerdeJlnedbenefltp¢nslon scheme Certain employees participate in a multi-employer defined beneflt penslon scherne with other entlties. In the judgment of the Eovernors, the charity does not have suKicient inforrnation on the plan a55ets ar liabilitles to be able to reliably account f its share of the defined benefit obligation and plan assets. Therefore the scheme is accounted for a5 3 defined contributlon 5chewne, see note 22 for further details. cont'd b. Critlcoloccountlng e5ts"mutes #ndussumptlons ThE charlty makes estimates and assumptions Conrning the future. The resultiw accounting estimates will. by deflnltion, seldom equal the related actual results. The estlmates and assumptions that have a signlficanl risk of causlng a material adlustrnent to the carrylng amounts of assets and liabilitie5 wlthln the next financ1al year are addressed below. ij Usefvle¢onomlc Ilves of tun1le ¢755ets The annual depreciation charge for taf8ible assets is sensitive to charvde5 in the estimated usefvl economic lives and resldual values of the assets. The useful economic lives and residual values are re-355e55ed annually. They are amended when necessary to reflert current estimates, based on tethnological advan¢ement. future investments, e¢onomit utlllsatlon and the physical condititsn of the assets. See note 14 for the carrying amourrt of tsn8ible £s5et5, and n¢te 2.5 for the useful etonomlc lives for each class of a55ets. Ilj Impalmnt of debto The charity makes an estlmate of the recoverable value of trade and other debtors. When aeSsing impairrnent of trade Ènd other debtors, management considers fattors Including the current credit raiing of the debtoi, the a8eing profile DI debtors and historical pxperipnce. 3 TURNOVER The turnover ol the charity is wholly attributable to the objects ol the charity as stated In tho Governors. Report and is earned entlrely within the UK. 4 NET INCQMEIIEXPENDITUREI Thlsls stated after charging.. 2025 2024 Operating lease payments Stocks recogni5ed as an expense Loan interest payable Depreciatlofft Auditor5, remuneration- audit services Auditors. remuneration- non-audit servl¢es 194,758 5,631 21A66 392,173 17.600 113,026 5,921 24.069 328,034 16.560 3,000 Page 21
B A S (SCHOOL) LIMITED ILIMrrED BYGUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 AUGUST2025 S TAXAnON The Chatible compary is registered a charity ènd all of its incne falls wtthln the exÈrnptr*ns under Part 11 of the Corporatlon TixArt 2010. 6 INCOME HIOM DONAoN5AM0 GRANTS UMREsfRICTEO RESTcrED TOTAL 2025 TOTAL 2024 onatlons 50.000 5D,000 7 INCOME FROM OThER TRADIMG ACTIViTIE5 UNRESTRICTED RESTRirfED TOTAL 2025 TOTAL 2024 Lettings and rental income Subsidiaryirading income 19,588 222,129 241,717 19,588 221129 241,717 29,172 218,725 247,897 8 INCOME FROM INVEST•AENTS UNREsfRThD ResrncTED TOTAL 2025 TOTAL Interest recelvèble 78.282 78,282 91.924 9 INCOME FROM CHARITABLEACTWMES TOTAL 2025 TOTAL Gr05s school fees less.. bursarles, sthttlarships and èllow£nce5 Net 5¢hoDI fees Add= RÈ8i5tration fees Extra5 inctsme hool busl transport Intome SwimMinB pool hire 9.124,240 1111.9331 012,307 8A58.518 957.8501 7,500,668 11.890 85,678 i,iy 146,14> 8A97276 18,628 116,445 126,764 142,973 7.905.478 Pase 22
B A S {SCHOOL) LIMITED IUMITELI BYGUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31AUGUSTZOZ5 10 AMALY515 OF EXPENDITURE Staff costs Depreciatio costs Other costs Total 2025 Total 2024 Cost of rai%lrb¥fund5: Othertradin8 3Ctivitles Finanting Costs Total w5tof raliln8 funds 2,8 171,157 61520 233,677 173,16S 62,520 235,685 178,587 10,588 189.17S Charltable expendlture Edu¢ation Tekching Welfare Premises Support and govÈrnance Tot tharltablè Èxpendlture 4.584.799 511AOO 234351 675,418 6.1105. 130035 323,142 270,977 1,162,302 499,487 2,255.908 5.038,776 781377 1.655.983 1,174.905 8.65WI 4.920.199 733.859 1.4SI.725 1.06S.757 8.171,54Q 259,330 390,165 Total expendlture 605.96$ 392.173 2489.585 8.887.726 8.360,71S Analysls of support and Kovernance w5ts: 2025 2024 Governance costs.. Audltors remuneration f0ralIt seN15 17,600 16,560 support costs.. Auditors, rernuneration for non audSt services Le8al and professlonal fees relatinE to support Support staff wa8e5, natlonal Insurance and pension Advert15ingand womotlon Sub5criptiOTTS 3nd Ilcences Other5UPPOrt Costs 130Aty)3 675.418 7L605 84,052 196,227 1,174,905 55,458 626,678 68,795 65,696 229.570 1,065,757 11 PROFIT AND L05SON SPECIFICACTIVThIES Profftlllossl 2025 Profftlllo551 2024 Swirnming pool Weéding lettings Isubsldlary tradlng results pre donation to schoDII Schtrol bus 146.147 222.130 126,757 173,165 19.390 48 3.093 57.771 141.254 116,053 15.201 12421 509531 415.975 93,556 60,622 Page 23
B A S (SCHOOL) LIMITED {LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 12 STAFF COSTS The average monthly number of employees during the year split between relevant departments was.. 2025 NumbEr 2024 Number Teaching Welfare Domestlc Admlnistration 71 40 38 15 164 41 16 162 Thè aggrÈ6ate payroll costs for the year were as follow5.. Z025 2024 Wages and salarles Social securfty costs Pension costs 4,734,488 499.467 772,013 6.1)05.968 4,525,983 421,067 694,526 5.641,576 None of the 8ovemors received any remuneration or other beneflts from the school or aftv connected body durin8 the year or prior year and no govèrnor5 were reimbursed any expenses during the year or prior year. Staff èaming in e¥ce$5 of £60.000 per annum in the following bands are.. 2025 Nber 2024 Numbar £60.000- £69,999 £70,OOD- £79,999 £80,Cx)0- £89.999 £iio,O(M)- £120,000 £120,OCMI- f 129,999 Of the employees whose emoluments exce £60,0), 4 12024.. 41 has retirement benefits accruing under defined benefrt schemes and 112024.. 21 has reiirement benefits accrulng under deflnetj ¢ontribution schemes. Contributions payablè by the school to those Schemes for hi8her paid employees were.. 2025 2024 Defined benefit schemes Defined Contriblon schemes 65,836 8.145 74,820 7.832 Page 24
B A S (SCHOOL) LIMED {UMThED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUfjUST 2025 12 STAFF CO cont'd The key mana8ement personnel of the school are detailed the Governors, Report and Legal and Administrative Information. 202S 20Z4 A8gregate employee benefits ol key management peI50nnel (including employer pension contributions and national insurance) 631.170 552,499 13 COMPARATIVE CONSOLIDATED STATEMENT OF FINANCWL AcnvmES- al AuGusf 2024 Urencted Restrlrted Funds Funds Total ZOZ4 INCOME FROM: Donations and Erants Other tradin8 attivltles Investments Charitable activitles Total income 50.000 247,897 91.924 7,905.478 8,295.299 247,897 91.924 7,905,478 8.245,299 50,( EXPÉNDITURE ON: Rais*ng fund5 Charitable activities Total expendlture 189,175 8.171.540 8.360.715 189,175 8.171,540 8,360,715 Net Incomelexpendliure 1115.4161 So.0 165,4161 Net movernent ffi funds 1115,4161 50.000 165,4161 Fund balances brought forward 9,067,526 99.290 9.166,81fj Fund balarbcescarrled forward 8,9S2.110 149,290 9,101.400 page 25
B A S (SCHOOL) LIMITED IUMITED BY GUARANTEEI NOTES TO THE FINANCIAL 5TATEMEfrirs FOR THE YEAR ENDED 31 AUGUST 2025 14 TAlbLE FIXEDAS5ETS-CONSOUDATED GROUPAND SCHOOL Freehold land and Bulldln8S Lta5ehold Property ShDrt lease Flthre5, Fltttn8s & Equlpment Motsr Vehl¢les Cort / Revaluatlon At I September 2024 7.812,639 2.432,097 1,698.590 67571 iQA97 Addltions 2,12&867 144.817 26A53 2WO.137 Disposals At 31 August 2025 9.941,S06 2,432,097 1,843.407 94,024 14,311,033 DeprecIaon At I September 2024 1.124,772 1,033,266 1,372.066 54,648 Charge foryear 199,940 56,014 125,944 10,275 391173 EllmSnated on disposal At 31 August 2025 1,324.712 1,089.280 1,498,010 64.923 3,976.925 Net Bookvalue At 31 Au84tst 2025 8.616.794 La42A17 345,397 29.101 10,844109 At 31Au8ilSt 2024 6,687.867 1,398,831 326.524 12,923 8,426,145 The IEa5ehold property book value repiesents the c05t. less depreciation. of Improvements to the land and buSlding5 leased from English Heritage. Induded in the above is £5,68912024.. £7.6951 book value of flxture5. frttinBS and eqtslpmemt whi¢h relate tothe subsidiary company. The cosl of freehold property include5 £1,915,000 for land and bulldlngs rÈvalued to fak value on 15eptember 2014, valued by Harold Stile5 Williams, an IndependentvalueT. The Governors took advantage of the transitional arrangements availablp to treat as deemed cost the fair value as at I September 2014 of Some freehold land and buildingsi and to continue to depreciate them overtheir remaining estimated u5elul lives. Ilthe land and buildin85 had not been revafued they would be intluded atthe following hlstorlcèl t05t.' 2025 2024 1,474,652 1740,4021 1.474,652 1663,5931 811.059 AB8regate depreciation Net bookvolue Value of land in freehold land and bulkllTr¥s 1.065.0 1,065.000 Page 26
B A S (SCHOOL) LIMITED (LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 AUGUST 2025 15 INVESTMENTS Investments In sub5idlaries The School held Investments in the following companles durlng the year: 8attle Abbey School Enterprises Llmlted Re8lStéred in England and Wales Company number % of share (apital owned 10892751 loo% The wholty-owned trading subsidiary was incorporated In £ngland and Wales on l August 2017 with the purpose of tsking over the weddin8 and lettings activlties of the school. The registered office address is Battle Abbey School, High Street, Battle, East Sussex, United Kingdom, TN33 OAD. Battle Abbey School Enterprisès Umlted 1025 2024 Summary trading results: Turnovèr Administrative expenses Donation to parent entity Net profivllossl 222,131 1173.1151 ISO,7261 11,7101 218,725 1178,5871 1179,5001 1139.3621 Summary balance sheet.. Fixed assets Current assets Creditors falling du¢ within one year Net assets 7.696 218,291 1186,9371 39,050 253,535 1221,8841 37,340 Aggre8ate share capital and r&erves 37,340 39.050 Contrlbution by parent companv The parent charity contribution to the results forthe year is as follows.. Income Expenditure Net incomellexpenditurel forthe year ,495,144 8,205,859 18,663.885) 18,182,128) 1168,741) 23.731 Pagè 27
8 A S (SCHOOL) LIMITED ILIMITED BY GUAIiANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2015 16 DEBTORS Group Sthool 2025 2024 2025 2024 Fèe debtors Amounts due from Subsidiaries Prepayments and accrued income Other debtors 451.229 378,555 491710 64,161 139.865 378.555 61,103 182,637 141A32 184.123 592,661 562.678 696.736 622.295 17 CREorfoRS.. du* withln oneyear Group School 2025 2024 20Z5 2024 &nk loans (note 191 Other loans Trade cieditors Accruals and other creditar5 Fees in Advance Advante Fees Paymtrnt scheme Inote 201 Dep05its Other tsxes and social security 170.284 112290 170,284 40.1 2ZZ.756 199,631 735,599 29L5Bg 375,260 437,495 2.472.614 112,2 221,726 Z89,850 715.599 294589 375.160 454.175 2.578M83 166.620 375,187 1,022,549 582.341 466,940 111,288 2,877,215 120,392 313.518 1,022,549 582,341 466.940 93.402 2.751,432 Fees in advance represent amounts dve for Winterterm 2025. Amounts Included as Advance Fees Payment Scheme are those received under an agreement for future year's fees. The money may be returned subject to specific conditions upon the receipt of one term's notlce. 18 CREDITORS: duè after one year Group $thtl 21)25 2024 2025 8ank loans (note 191 Advance Fees Payment Scheme Inote 201 Other loans 1.054.654 160.910 0,100 1,335,664 22S,7A8 300,605 160.1(M) 686,493 1054,654 160.910 0.1 1,335,664 225,788 3Crt),605 160,100 686,493 other loans Of £160.IIX). beln8 £40,CX)D owed within one year and £120,100 due after one year. 12024.. £200.ILXII consist of a concesstonary loan which Is repayable over 4 years in instalments and is interestfree. This loan ts Secvred against fehOld property at 22 Upper Lake, Westned8e House. Page 28
B A S (SCHOOL) LIMITED ILIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19 BANK LOAN5- SCHOOL 2025 2024 Bank loans are wholly repayable in instalments as follows.. Less than one year In more than one year 170.284 1.054.654 1.224,938 112.290 225,788 338,07S The Charity has 2 bank loans, l of whlch Is paYable by way of monthly instslrnents ovÈr 6 years and I over 20 years. Interest is charged It 2.54% and 2.15% above base rate respectively. All loans are secured agalnstfreehold propertie5. 20 ADVANCE FEES PAYMENT SCHEME- SCHOOL Parents may enter into an agreement to pay to the school tuition fpes In advae. The money may be rthrned subject to Specific condltlons upon the receipt of one term's notlce. Assuming pupils will remain in the school. advance fee5 will be applied a5 below.. 2015 2024 Amounts due within one year Amounts due after more than one ythr 291,589 160,910 451499 582.341 3(K).605 882.946 The balance represents Ihe accrued liabilfjty vnder the agreements. The rnjvements durfng the year were a$follows'. 2025 2024 Balance as at I September 2024 Amounts received in year Amounts credited to pupil accovnt5 for fee5 Balan¢e as at 31 Auzuy 2D25 295.468 794.447 1206.9691 882.946 151,895 1582,3421 21 OPERAnNG LEASE AND CAPITAL CQMMITMENT5 At 31 August 2025 the School had total commitments under non-tantellable operating leases payable as follows.. Other 2025 2024 Within Dne year Brfween one and five year5 23.169 48.108 71.277 16,258 71,573 87,831 Page 29
B A S {SCHOOL) LIMITED (LIMITED BYfjUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202$ 22 PENSION COMMITMENTS The Sch¢xJl participate5 in the Teachers, Perbsion Scheme l-the TPS-I for its teaching staff. The pension chargè ftsr the year includes contributions payable to the TPS of £644,2SS12024.. £581,153) and * the year-end £nil12024- £nill was accrued In respe of tontributionslo thSs scheme. The TPS is an unfunded multi*mployer defined beneffts pension scheme governed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers, Pènsion S(heme Regulations 2014 la5 amendedl. Members contribLrte on a.pay as you go" basi5wfth contributions from member5 and the employÈr bein£ credlted to the Exchequer. Retirement and other penslon benefits are paid by publlc funds provided by Parllament. The employercontrlbution rate is set bythe Secretary of State following scheme vèluatiofbs undertaken by thè Government Actuar$ Department. The most recent attuarial valuation of the TPS was prepared as at 31 March 2020 and ihe Valuation Report W35 published In October 2023. The Valuation Report show5 notional assets of £222.2bn and liabilities of E262bn, resulting in a scheme deflcit of £39.8bn. The Èmpl¢)yercontribution rate for the TPS Is 28.6%, and employers are also requlred to pay a scheme adminlstration levy of 0.08% giving a total employer contribution rate of 28.68%. The %hool also contributed to defined contribution scherne5 on behalf tsf it5 Other stsft. Employer contrlbutions payable to these scheThes were £127,758 (£2024.. £113.3731 and 3t the year £34,259 12024.. £15,832) was aLtrued in respsect of contributions to the schemes. 23 SHARE CApifALAND CONTROL The charity is limr¢ed by 8uarantee and does not have a share capltal. In thé event of a wlndlng up ea¢h memberguaranteesto contribute an amount of no more than £10. Page 30
B A S (SCHOOL} LIMITED IUMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDeD 31 AUGUST2025 24 SUMMARY OF FUND MOVEMENTS. CONSOUDATED At I Sept Irbtomè Expenses Transfers At 31 Au8U$t 2025 Vnrestrlrt¢d fund$ General reserves 8,952.110 8.717,275 18.878,7261 8.79059 Restrkted funds Bursary and Appeal Fund Nursery Seheol Fund 145,904 3,386 149.290 I90} 136.904 3.386 140,290 19,0001 Total funds 9,101.400 8.717,275 18A87.7261 8,930,949 Aestrl¢ted funds: 8ary and Appeal Fund- Provides fijnds to go towards bursaries for pupils and also for specific projects. Nursery School Fund- Funds are allocated by Éast Sussex County Council to enable ellgible nurseries to enhance their appioache5 toward$ and provislon of healthy eatlTrE and physlcal actlvity based on needs identified through completion of a basellne healthy eating / physi¢al activlty audit. 25 ANALYSIS OF NET ASSETS BEfwEEN FUNDS- CONSOLIDATED Unrestrlded Furtds Restdcted Funds Total 2025 Fund bHI?nces at 31 Augurt 2025 are represented by.. FIMed assets Current assets Creditors.. le5S than one year Creditors.. more than one year 10,334,109 2,370,697 12,578,483) 11,335,664) 8.790,659 10.334.109 2.510,987 12,578,483) 11.335,6641 8,930.949 140,2S 14),290 Unrestrlcted Funds R•sirided Funds Total 2024 Fub)d balancesat 31 August 2024 are repre$ented by: Fixed assets Current assets Creditors.. less than one year Creditor5-. rnore than one year 8.426,145 4,089,673 12,877.2151 1686,4931 8,952,110 8.426.145 4.238,963 12.877.215) 1686,493 9,101,400 149.290 149,290 Pa8e 31
B A S (SCHOOL) LIMITED (LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 26 RELATED PARTIES The school has taken advantage of the ex*mption. under the texms of Financial Reporting Standard 102 'The FSnèncial Reporting Standard applicable in the UK and Republic of Ireland,, not to disclose related party transactions with wholly owned subsidiarles within the group. The school has also taken advantage of the exemptions under the Charitiès, Staternent of Recommended Practice ISORP IFRS 10211 not to disclose sery15 provided on a voluntary basis by governor contracts of employment between the school and its employees, and the repayment of out.of- pocket expenses where the 8ovemor5 have acted as agent for the school. DuTingthe year the school contracted Atelier De Linde Ltd. a company of which Mrs Tl Gallagher Is a dlre¢tor. to undertake architectural work. The total cost of works performed during the year endtd 31 Au8USt 2025 We £72012024: £13,629) of which £nil was outstanding at thè year end 12024.. £nill. There were no other related party transactions in either 2025 or 2024. Details of key management personnel emplOt benefits can be found In note 12 to these finantlal Statements. 27 SUBSEQUENT EVENTS In Feb 2026 the exchange of marandS took place. Page 32