TEMPLE GROVE SCHOOLS TRUST LIMITED
(A company limited by guarantee)
TRUSTEES’ REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2025
Company registered number 576922
Charity Number 307016
TEMPLE GROVE SCHOOLS TRUST LIMITED (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Temple Grove Schools Trust Limited (the company) (TGST) for the year ended 31 August 2025.
The Trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP) "Charities SORP (FRS 102".
SECTION A: DETAILS OF THE COMPANY, ITS OFFICERS AND ITS ADVISORS
Trustees S N Lough (appointed Chairman on 28 April 2025) S R Brewer K Child-Villiers A P Clark (appointed 4 November 2024) N J Denoon Duncan (appointed 4 November 2024) A Y Lee (retired 28 April 2025) N K G Prescot (retired as Chairman on 28 April 2025) E J L Richardson Company registered number 00576922 Charity registered number 307016 Bankers National Westminster Bank plc
SECTION B: STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance and constitution
The Trust is governed by its Memorandum and Articles of Association as amended on 16 September 2009.
Temple Grove Schools Trust Limited is a company limited by guarantee, number 576922, and is a charitable trust registered with the charity commission number 307016.
Appointment and induction of Trustees
Trustees are appointed in accordance with the Company’s Articles of Association, and the policies and procedures as adopted by the Board of Trustees from time to time.
New trustees are rehearsed in the Charity’s principal objectives and governance matters. All Trustees are kept up to date with circulars from the Charity Commission and others on matters concerning governance and relating to the Charity’s objectives.
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Organisational structure and decision making
The Trust is primarily a grant-making charity whose trustees normally meet up to three times a year. The retiring Chairman performed administrative and certain accounting functions on behalf of the Trust, for which he received no remuneration.
Related party relationships
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Simon Lough is a Trustee and Deputy Chair of Haberdashers’ Academies Trust South (HATS) and a Governor of Haberdashers’ Knights Primary
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Kathie Child-Villiers was a Governor of Skinners’ Temple Grove school (retired 31 August 2025)
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Kathie Child-Villiers and Nicola Denoon Duncan are Trustees of, and Simon Brewer, Alanna Lee and Nigel Prescot are Members of, Temple Grove Academy Trust (in voluntary liquidation).
These relationships are recorded at meetings to ensure open governance and separation of responsibilities.
Risk management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company and are satisfied that systems and procedures are in place to mitigate exposure to those risks. The Trust has written policies and procedures.
SECTION C: OBJECTIVES AND ACTIVITIES
Objectives
The Object of the charity is:
The advancement of education of children and students for the public benefit in particular but without limitation establishing, sponsoring, funding or managing one or more schools or colleges.
This is encapsulated in its aim of ‘inspiring excellence in primary education’.
The Trustees’ current objectives are as follows:
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To work in partnership with The Farmington Trust to offer Teacher Scholarships to primary teachers and to host Forums for Headteachers of primary schools.
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To continue to work with the Haberdashers’ Academies Trust South (HATS), supporting its primary age academies in South London.
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To continue to support Skinners’ Temple Grove, a primary age academy in Tunbridge Wells (formerly managed by Temple Grove Academy Trust).
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To manage the Trust’s liquid resources through suitable investment managers and through short term deposits with reputable institutions and to use the income from these resources to support the general running costs of the Trust and to make grants to other projects as and when identified.
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To inspire the spread of excellence in primary education in England; bringing together the best people and features from both the private and public education sectors.
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Strategy for achieving objectives
The Trustees support specific initiatives to promote the spread of excellence in primary education in England.
In April 2024, TGST entered a non-binding partnership with the Farmington Trust Limited (charity number 237934), managed by The Farmington Institute based at Harris Manchester College, Oxford. This partnership focuses on two activities:
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Hosting discussion forums for Headteachers of primary schools. In these forums, headteachers are able to discuss confidentially issues of common concern, and the group provides them with a valuable support network.
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Offering scholarships for Teachers in primary schools. Scholars are assigned mentors from university Fellows and can take time out of school to study, with their expenses and replacement teacher costs funded by the scholarship. These scholarships last one academic year and at the end the scholars submit a paper and make a presentation to The Farmington Institute annual conference.
In this partnership, The Farmington Institute provides the administrative resource and TGST provides the funding.
The Trustees have continued to support the primary phase of the Haberdashers’ Academies Trust South (HATS) by:
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The provision of enrichment funding for use by the primary phase of the HATS, financed by the income earned from a separately identifiable Restricted Fund. This Restricted Fund, for the exclusive benefit of HATS primary schools, was established in 2010, when TGST became a co-sponsor with HATS of three primary schools converting to academy status.
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The nomination of up to two Governors to the HATS.
The Trust provided resources to support Skinners’ Temple Grove school (STG) in Tunbridge Wells.
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On 1 September 2024, the management of this academy was transferred from Temple Grove Academy Trust (TGAT) to Skinners’ Academies Trust (SAT) and TGAT was put into run-off.
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TGST is continuing to support STG, primarily though the provision of enrichment funding to support activities and equipment for children attending STG.
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For the year to 31 August 2025, TGST trustee Kathie Child-Villiers acted as a governor of STG.
SECTION D: ACHIEVEMENTS AND PERFORMANCE
Review of activities
Partnership with The Farmington Institute
As noted above, the Trust entered into a partnership with The Farmington Institute in April 2024. During the year to 31 August 2025, TGST sponsored a programme of 8 Headteachers Forums for primary school Heads; and sponsored 6 Teacher Scholarships for primary school teachers. These programmes have been well received by the participants and will continue. It is intended that the insights and research arising will be synthesized over time into published material available to a much wider audience.
Haberdashers’ Academies Trust South (HATS)
The Trust supports HATS by nominating up to two Trustees and providing funding for the primary phases. These schools educate 1,610 primary age children across five campuses:
- Haberdashers' Hatcham
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Haberdashers' Hatcham Free School
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Haberdashers' Knights
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Haberdashers' Crayford
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Haberdashers' Slade Green
It is HATS policy to set targets for pupil progress which would put it in the top performing multi-academy trusts for key stage 2 and beyond. More information is contained within the Directors’ Report of HATS’ accounts for the year ended 31 August 2025.
Skinners’ Temple Grove (STG) and Temple Grove Academy Trust (TGAT)
Skinners’ Academies Trust (SAT) took on the management of Skinners Temple Grove (STG), formerly Temple Grove Academy (TGA), on 1 September 2025.
TGA had been managed by TGAT, a sister charity to TGST, since 2012. During this period, TGA was rerated by Ofsted from “Special Measures” to “Good” overall. Following a recommendation in the Government’s White Paper published in March 2022 that the optimal size for Multi-Academy Trusts was 5-15 schools, the trustees of TGAT determined that the best option was to join SAT with minimal impact on the pupils of TGA. More information is contained within the Directors’ Report of TGAT’s accounts for the year ended 31 August 2025.
TGST has signed a Memorandum of Understanding with SAT establishing co-operation between the two entities, and TGST has agreed to continue to provide enrichment funding for the benefit of the pupils at STG.
Financial review
The Trust made grants of £118,817 during the year (2024: £87,800) :
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£35,727 was donated to The Farmington Institute for Teacher Scholarships (2024: Nil)
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£13,590 was donated to The Farmington Institute for Headteacher Forums (2024: Nil)
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£69,500 was donated to HATS (2024: £68,000 ).
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£Nil was donated to STG (see note below) (2024: £19,800)
Note: £17,800 was considered to be donated to STG in respect of the year to 31 August 2025 but, owing to a change in the recipient’s bank account, the funds were received early in the following financial year. This grant will be reflected in the accounts for the year to 31 August 2026.
The Trust incurred costs of £2,091 during the year (2024: £1,496).
Gains on revaluations of investment assets plus income totalled £84,844 (2024: £491,635). Total income less grants and costs resulted in a decrease in the Trust’s funds of £36,063 during the year (2024: increase of £402,339) .
Investment policy and performance
The Trustees continued with their policy for the long-term investment of their assets, placing the Trust’s liquid resources in the hands of carefully selected investment managers, one for the Restricted Fund and another for the Unrestricted Fund, and retaining only minimal cash funds to service short term liabilities. They believe that this policy best matches the requirements and risks of their activities. The policy is reviewed annually.
The Trustees use the income earned from its Unrestricted Funds in defraying the cost of furthering its overall objectives. Income earned on its Restricted Fund is used for that endowment only and is paid over to the beneficiary during the same year.
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Future developments
The Trustees’ focus continues to be the support given to The Farmington Institute for its Teacher Scholarship programme and its Headteacher Forums; and to the academies managed by HATS and to STG. The Trustees are also working on an initiative for direct funding of projects within schools which, in future years, is expected to become a significant part of the Trust’s activities. The Trustees remain committed towards raising awareness of the importance of primary education and will support other suitable initiatives to that effect.
Trustees' responsibilities statement
The Trustees (who are also directors of Temple Grove Schools Trust Limited for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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have had regard to the Charity Commission’s public benefit guidance;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In preparing this report, the Trustees have taken advantage of the small companies’ exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the Trustees on 27 April 2026 and signed on their behalf by:
N K G Prescot Director
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TEMPLE GROVE SCHOOLS TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 AUGUST 2025
| Note | Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| INCOMING RESOURCES | ||||||
| Incoming resources from generating | ||||||
| funds: | ||||||
| Investment income | 2 | - | 68,947 | 68,947 | 69,745 | |
| Total incoming resources | - | 68,947 | 68,947 | 69,745 | ||
| RESOURCES EXPENDED | ||||||
| Costs of generating funds: | ||||||
| Charitable activities | 3/4 | ( 49,317) | ( 69,500) | ( 118,817) | (87,800) | |
| Establishment costs | 5 | ( 2,091) | - | ( 2,091) | (1,496) | |
| Total resources expended | ( 51,408) | ( 69,500) | ( 120,908) | (89,296) | ||
| NET OUTGOING RESOURCES | ||||||
| FOR THE YEAR | (51,408) | (553) | (51,961) | (19,551) | ||
| Gains and losses on revaluations of | ||||||
| investment assets | (13,783) | 29,680 | 15,897 | 421,890 | ||
| NET MOVEMENT IN FUNDS/ NET | ||||||
| EXPENDITURE FOR THE YEAR | (65,191) | 29,127 | (36,064) | 402,339 | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 1,917,100 | 2,493,556 | 4,410,656 | 4,008,317 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 1,851,909 | 2,522,683 | 4,374,592 | 4,410,656 |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement for total recognized gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on the following pages form part of these accounts.
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TEMPLE GROVE SCHOOLS TRUST LIMITED
BALANCE SHEET
31 AUGUST 2025
| Note FIXED ASSETS Investments 6 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year NET CURRENT (LIABILITIES)/ ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted income funds 7 Restricted income funds 8 TOTAL FUNDS |
2025 2024 £ £ £ £ 4,282,336 4,381,439 92,256 29,217 - - 92,256 29,217 4,374,592 4,410,656 4,374,592 4,410,656 1,851,909 1,917,100 2,522,683 2,493,556 4,374,592 4,410,656 |
|---|---|
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The accounts were approved by the board of directors on 27 April 2026 and were signed on its behalf by:
N K G Prescot
Director
The notes on the following pages form part of these accounts.
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TEMPLE GROVE SCHOOLS TRUST LIMITED
NOTES TO THE ACCOUNTS
YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of accounting
The accounts have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets, and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice ‘Charities SORP (FRS 102)’.
Cash flow statement
The trustees have taken advantage of the cash flow exemption available to small entities under FRS 102 from including a cash flow statement in the accounts on the grounds that the charity is small.
Fixed assets
All fixed assets are initially recorded at cost.
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Income from UK listed investments | - | 68,947 | 68,947 | 69,745 | |
| 3. | COSTS OF CHARITABLE ACTIVITIES | BY FUND TYPE | |||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Farmington Institute | 49,317 | - | 49,317 | - | |
| HATS Fund | - | 69,500 | 69,500 | 68,000 | |
| TGAT | - | - | - | 19,800 | |
| 49,317 | 69,500 | 118,817 | 87,800 |
| 4. | COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY | COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY | TYPE | ||
|---|---|---|---|---|---|
| Grants | Support | Total Funds | Total Funds | ||
| costs | 2025 | 2024 | |||
| £ | £ | £ | £ | ||
| Farmington Institute | 46,090 | 3,227 | 49,317 | - | |
| HATS Fund | 69,500 | - | 69,500 | 68,000 | |
| TGAT | - | - | - | 19,800 | |
| 87,800 | 3,227 | 118,817 | 87,800 |
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5. ESTABLISHMENT COSTS
| 5. | ESTABLISHMENT COSTS | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | ||||
| Funds | 2025 | 2024 | ||||
| £ | £ | £ | ||||
| Insurance | 569 | 569 | 553 | |||
| Website | 1,188 | 1,188 | 930 | |||
| Administration costs | 334 | 334 | 13 | |||
| 2,091 | 2,091 | 1,496 | ||||
| 6. | INVESTMENTS | |||||
| 2025 | 2024 | |||||
| Movement in market value | £ | £ | ||||
| Market value at 1 September 2024 | 4,381,439 | 3,999,549 | ||||
| Disposals at sale price | ( 115,000) | ( 40,000) | ||||
| Net gains on revaluations in the year ended 31 August 2025 |
15,897 | 421,890 | ||||
| Market value at 31 August 2025 | 4,282,336 | 4,381,439 | ||||
| 7. | UNRESTRICTED FUNDS | |||||
| Balance at | Incoming | Outgoing | Balance at | |||
| 1 Sep | 2024 | resources | resources | 31 Aug 25 | ||
| £ | £ | £ | £ | |||
| Investments | 1,889,793 | (13,783) | (115,000) | 1,761,010 | ||
| Cash at bank and in hand | 27,307 | 115,000 | (51,408) | 90,899 | ||
| 1,917,100 | 101,217 | (166,408) | 1,851,909 | |||
| 8. | RESTRICTED FUNDS | |||||
| Balance at | Incoming | Outgoing | Balance at | |||
| 1 Sep | 2024 | resources | resources | 31 Aug 25 | ||
| £ | £ | £ | £ | |||
| Investments | 2,491,646 | 29,680 | - | 2,521,326 | ||
| Cash at bank and in hand | 1,910 | - | (553) | 1,357 | ||
| 2,493,556 | 29,680 | (553) | 2,522,683 |
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Independent examiner’s report to the Trustees of Temple Grove Schools Trust Limited for the year ended 31 August 2025
I report to the trustees on my examination of the accounts of Temple Grove Schools Trust Limited for the year ended 31 August 2025 which are set out on pages 6 to 9.
Respective responsibilities of the Trustees and Independent Examiner
As the charity trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under the Charities Act 2011, s. 145 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under s. 145(5) (b) of the 2011 Act.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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(1) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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(2) the accounts do not accord with those records; or
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(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view” which is not a matter considered as part of an independent examination; or
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(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Charles Homan FCA 168 Church Road, Hove BN3 2DL
Date: 20 May 2026
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