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2025-08-31-accounts

Registered number: 00803309 Charity number: 307035

Bury Manor School Trust Limited

(A company limited by guarantee)

Directors' report and consolidated financial statements

For the year ended 31 August 2025

Bury Manor School Trust Limited (A company limited by guarantee)

Contents

Page
Reference and administrative details of the Company, its Directors and advisers 1
Directors' report 2 - 9
Independent auditors' report on the financial statements 10 - 13
Consolidated statement of financial activities 14
Consolidated balance sheet 15
Company balance sheet 16 - 17
Consolidated statement of cash flows 18
Notes to the financial statements 19 - 36

Bury Manor School Trust Limited

(A company limited by guarantee)

Reference and administrative details of the Company, its Directors and advisers For the year ended 31 August 2025

Directors

R D Agutter FCA JP, Trustee (resigned 24 February 2026)1 H R Dugdale MA (Cantab) PGCE, Trustee (resigned 24 February 2026)2 M J Higham BA Cert. Ed, Chairman (resigned 24 February 2026)1,2 A Meyrick, Trustee (resigned 24 February 2026)1 N A Parsons, Trustee (resigned 24 February 2026)1 D W Mott MA (Cantab), Trustee (resigned 24 March 2026)2 O Marshall, Trustee (resigned 24 February 2026) J L Hamblett-Jahn, Trustee (resigned 24 February 2026)2 T C Athron, Trustee (resigned 24 February 2026)1 K J Smith, Trustee (resigned 24 February 2026) T J P Hancock, Trustee (appointed 24 February 2026) S C V Denning, Trustee (appointed 24 February 2026)

Company registered number

00803309

Charity registered number

307035

Registered office

9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ

Principal operating office

Dorset House School, Bury, Pulborough, West Sussex, RH20 1PB

Company secretary

A C Owens MSc ACMA

Independent auditors

Kreston Reeves Audit LLP, 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ

Bankers

Natwest, 2nd floor Turnpike House, 123 High Street, Crawley, West Sussex, RH10 1DQ

Solicitors

Anderson Longmore & Higham, Wisteria House, Market Square, Petworth, West Sussex, GU28 0AJ

Page 1

Bury Manor School Trust Limited

(A company limited by guarantee)

Directors' report For the year ended 31 August 2025

The Board of Directors present their annual report for the year ended 31 August 2025 under the Companies Act 2006 and the Charities Act 2011, together with the financial statements for the year, and confirm that the latter comply with the requirements of the Companies Act 2006, the company’s Memorandum and Articles of Association and the Charities Statement of Recommended Practice (SORP) FRS102. The directors are also trustees of the company for the purposes of charity law and its trustees (governors) for the purposes of charity law. The report makes references to both directors and trustees, although they are both the same roles held. These terms are used interchangeably within the report.

Bury Manor School Trust Limited (Dorset House School) is a charitable company founded in 1964, charity registration number 307035, company registration number 00803309, with liability of its members limited to £1 each by guarantee. The registered office of the company is 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ.

A subsidiary company, Bury Manor Barn Limited, company registration number 13490783, was incorporated in July 2021 in order to operate the school’s venue hire business. This company is 100% owned by the parent charity and has the same registered office. All net income is donated to the school in furtherance to our charitable objectives.

Following detailed discussions with the governing body of Lancing College over a period of more than one year, it was agreed that Bury Manor School Trust Ltd would merge with Lancing College Ltd. A Memorandum of Understanding was signed by both governing bodies in March 2025. Following detailed due diligence, the merger was completed on 1st September 2025 and the property title transfer form submitted to HM Land Registry. Bury Manor School Trust Limited (Dorset House School) is to be dissolved. Bury Manor Barn Ltd is to become a subsidiary of Lancing College Ltd. Parents and staff have been very positive about the merger.

Objectives and activities

a. Policies and objectives

The object of the company, in accordance with its Memorandum and Articles of Association, is the education of children up to age 13.

In setting objectives and planning for activities, the Directors have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

b. Strategies for achieving objectives

Dorset House is a happy, friendly, caring school for girls and boys, aged between 4 and 13, based on Christian principles with a family-centred ethos. It is a structured but loving environment with a fine reputation for giving the individual the opportunity to experience and explore all areas of the curriculum. The school has a rigorous approach to academic achievement whilst maintaining its reputation for sporting, musical and artistic endeavour.

Dorset House aims to answer individual educational needs and to inspire pupils with a desire to learn. These aims are achieved through our stimulating, varied and balanced curriculum in which independent learning skills are developed and where children are given the confidence to achieve their potential. We have adopted the overarching principle of ‘Be the Best You Can Be’.

We believe that the challenges offered by Dorset House enable our children to embrace the opportunities that lie ahead and will prepare them for a demanding future.

The key qualities of a Dorset House education are:

Page 2

Bury Manor School Trust Limited

(A company limited by guarantee)

Directors' report (continued) For the year ended 31 August 2025

Objectives and activities (continued)

Whilst predominately a day school, we also offer flexi boarding to pupils in years 5 to 8.

c. Objectives for the year

The board’s main objective continued to be to educate all the school’s pupils to at least the same high standard achieved by the school in previous years, so that they will be fully able to benefit from their chosen senior school for the completion of their education in due course. Our strategy for achieving this is to maintain a high teacher: pupil ratio and to tailor our services, as appropriate in each case, to suit the individual child.

d. Main activities undertaken to further the Company's purposes for the public benefit

Principal activity

Dorset House School’s principal activity is the provision of a day and boarding school for boys and girls aged 4 to 13. The school roll stood at 126 at the end of the summer term 2025.

Public benefit

Governors take their role of providing public benefit very seriously and consider they have complied with their duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

Bursaries

We are able to support pupils through our Bursary Scheme. This scheme, which is available on a means tested basis assessed by the Bursar against criteria agreed by the directors, provided support for 24 children in 2024-25 and reduced annual gross fee income by 7.5%. All applications for an award are considered by the Estates and Finance sub-committee. Awards are granted for a maximum period of 1 year and are subject to annual review.

The school and the community

Dorset House School is an integral part of the local community, employing several staff members from the village in both teaching and non teaching posts, as well as hosting the annual Village Fête in the school grounds without charge. Dorset House regularly worships as a school in the adjacent parish church of Saint John the Evangelist.

The school provides a space for a local nursery to use at no charge. The school is licensed as a venue for civil ceremonies and regularly hosts weddings and receptions throughout school holidays. The school often supports PGCE student training placements and teachers with their NQT year.

Charity work

During the year to 31 August 2025 the school raised £11,188 for charity. This included £4,530 for the Ruth Strauss Foundation as part of our Year 7 business enterprise project at Arundel Farmers’ Market, £2,775 for the Chestnut Tree House children’s hospice and £2,415 for the Young Minds mental health charity. Smaller sums were spread across several charities including Great Ormond Street Hospital, Children’s Society, Turning Tides, Guide Dogs for the Blind, and the RSPCA.

The Parents’ Association held a number of fundraising events including wine tasting, a Christmas market, a neon disco, summer party and dads’ camping.

Page 3

Bury Manor School Trust Limited

(A company limited by guarantee)

Directors' report (continued) For the year ended 31 August 2025

Objectives and activities (continued)

e. Volunteers

From monies raised in previous years, the Parents’ Association kindly donated £31,000 in August 2024 towards resurfacing of the all-weather pitch. A further £5,000 was donated in March 2025 to cover the remaining costs. The Parents’ Association also contributed towards our annual bonfire/fireworks night.

Achievements and performance

a. Financial review

Due to the reduction in pupil numbers from an average of 134 in 2023-24 to 126 in 2024-25, the school returned an unrestricted fund deficit of £276,947 in comparison to an unrestricted fund deficit of £565 in 2023-24. The school also holds £2,480 of restricted funds (2024: £31,887). The deficit also reflects legal fees in relation to the merger with Lancing College Ltd.

In 2024-25, we have started with 127 pupils in Reception to Year 8. There are healthy numbers in the Pre-Prep and in Years 5 to 8. Despite the imposition of VAT on school fees in January 2025, there continues to be considerable interest from prospective parents.

The school has made significant investments and improvements to its facilities during recent years including construction of a new Pre Prep assembly hall and school office and significant refurbishment of the medieval barn, kitchen/dining areas and the Pre Prep classrooms.

The all-weather pitch was widened and resurfaced in the autumn of 2024. The main car park was resurfaced during the 2025 summer holidays.

The school continues to work to a business plan that provides for a growth in pupil numbers whilst maintaining the ethos and culture of the school. As part of the merger, Lancing College Ltd plan to invest significantly in the school premises, marketing, transport network, and boarding provision.

b. Review of activities

Operational performance of the school

In 2025 all nine Year 8 pupils went to a senior school of their choice, 4 with scholarship awards. Years 7 and 8 follow a bespoke curriculum which allows more flexibility and challenge and the inclusion of leadership and enterprise initiatives while maintaining the highest academic standards.

These results indicate that the board’s primary objective of maintaining high academic standards is being met. The staff: pupil ratio remained high so that individual educational, extra curricular and pastoral needs were met.

The school continues to work to a business plan that provides for a growth in pupil numbers whilst maintaining the ethos and culture of the school:

Page 4

Bury Manor School Trust Limited (A company limited by guarantee)

Directors' report (continued) For the year ended 31 August 2025

Achievements and performance (continued)

c. Fundraising activities and income generation

Bury Manor School Trust Ltd recognises the vital contribution made by its supporters. We believe that giving to charity should be a positive experience, and to help ensure that this is the case we acknowledge the damaging impact an excessively aggressive approach to fundraising can have on vulnerable people, whether from unreasonably persistent approaches being made or undue pressure to give being applied, and great care is undertaken to ensure that such practices are not adopted by the Trust. To this end, all fundraising activity is carried out by our Parent Association - DHPA. This group raises money for the school through regular activities such as quiz night, bonfire night, and parent, pupil and community social events. All of these events are voluntary and advertised in a non-intrusive manner.

The school does not utilise the services of any external commercial fundraisers. At this point, given that the majority of the school’s donations are from pupils’ parents, the trustees do not consider it necessary to subscribe to the Fundraising Regulator.

The school welcomes feedback on its fundraising approach and seeks to make improvements wherever it can. Any complaints received in respect of our fundraising activities are taken very seriously and are acted upon immediately. We are pleased to report that during the year no complaints were received in respect of our fundraising activity.

d. Investment policy and performance

The school has no investments other than in its estate, the use of which is maximised for the benefit of the school. The letting of the school for marriages and wedding receptions and for summer activities continues to be both popular and profitable.

e. Reserves policy

Total consolidated funds at 31 August 2025 were £2,534,535 (2024: £2,840,889). This is made up of restricted funds totalling £2,480 (2024: £31,887) and unrestricted funds totalling £2,532,055 (2024: £2,809,002). £3,002,984 (2024: £3,028,808) was invested in tangible fixed assets for use by the charity. After deducting tangible fixed assets and allowing for the bank loan of £269,186 (2024: £291,618) secured on the charity's freehold property, the charity has a deficit of free reserves at 31 August 2025 of £201,743 (2024: surplus of £71,812). This deficit is common in many independent schools which must finance their own capital investment. The bank loan has been substantially reduced in recent years and was fully paid off by Lancing College Ltd on 1 September 2025 as part of the merger agreement.

The governors have determined that their first priority is the creation of an attractive educational and pastoral environment which is responsive to the needs of parents, children and teachers such that the school will maintain its strong reputation as a unique small preparatory north of the South Downs in West Sussex. It must have a strong marketing focus to grow pupil numbers. Surpluses will be devoted in the short term to reducing debt levels. Only when debt has been reduced, can reserves be built up.

Page 5

Bury Manor School Trust Limited (A company limited by guarantee)

Directors' report (continued) For the year ended 31 August 2025

Structure, governance and management

a. Constitution

The company is governed by its Memorandum and Articles of Association, last amended on 14 November 2000.

b. Methods of appointment or election of Directors

The directors, who are also required under the Articles to serve as members of the company, are elected at a full directors' meeting on the basis of nominations received from the Chairman or the Head based on eligibility, personal competence, relevant experience and availability. Three directors are drawn from senior teaching posts in secondary schools in Sussex (Hurst College, Brighton College and Lancing College). Directors serve for a term of seven years and are eligible for re election.

c. Organisational structure and decision-making policies

The directors meet as a board at least three times a year to determine the general policy of the company and review its overall management and control for which they are legally responsible. The Estates and Finance subcommittee meets formally before each main meeting and undertakes a detailed review of the budgets, annual reports and accounts.

The day to day running of the school is delegated to the Head and the Bursar, supported by the Senior Management Team and other members of staff. An Academic sub-committee, comprising the Head and Governors with first hand experience of education, gives advice on the school’s curriculum and other academic matters. The Health & Safety sub-committee, comprising the Head, the Bursar, staff representatives and Governors with experience of Health & Safety management, meet termly and report to the full board. Other Governors are given specific responsibility for Boarding, Safeguarding (including the Single Central Register of Appointments), and the Pre-Prep.

d. Policies adopted for the induction and training of Directors

New directors are inducted into the workings of the school, and also of the company as a registered charity, including board policy and procedures, at a series of induction meetings with the Head and the Bursar. Directors also attend courses run by the Independent Association of Preparatory Schools (IAPS), the Association of Governing Bodies of Independent Schools (AGBIS) and the Independent Schools Bursars Association (ISBA).

e. Pay policy for key management personnel

Salaries for all staff including senior staff are benchmarked against other IAPS independent schools to allow us to remain an attractive employer in the sector.

Salaries are reviewed annually and generally an inflationary increase is applied. This is dependent on the financial success of the school and also increases being offered in similar schools. Specific salaries may be adjusted on the basis of annual performance appraisals.

Page 6

Bury Manor School Trust Limited

(A company limited by guarantee)

Directors' report (continued) For the year ended 31 August 2025

Structure, governance and management (continued)

f. Related party relationships

Dorset House School is an active member of the Independent Association of Preparatory Schools, the Independent Schools Bursars Association, and the Association of Governing Bodies of Independent Schools for the maintenance of preparatory schools' standards generally.

We co-operate with as many local charities as we can, to widen public access to the schooling we can provide, to optimise the use of our cultural and sporting facilities and to awaken in our pupils an awareness of the social context of the education they receive at the school.

Dorset House School also benefits from the generosity of a thriving Parents’ Association whose continuing support we greatly appreciate and gladly acknowledge.

g. Risk management

The Board continues to keep the school’s activities under review with regard to the major risks that may arise.

The principal risks and uncertainties facing the school are as follows:

External economic factors and the sustainability of fee increases

The School relies on parents’ ability to pay fees as its main source of income. There is a risk that external economic factors reduce parents’ ability to pay fees or result in parents withdrawing pupils due to fee levels.

Impact of government legislation

Changes in government legislation, for example charity law and guidance, may impact on the School’s status and operation. The School must be able to adapt to such changes practically and efficiently.

Reputational risk and competition from nearby schools

The continuing success of the School is dependent on continuing to attract applicants by maintaining high academic standards, an extensive range of extra-curricular and sporting activities, and excellent facilities. The School operates in a competitive local market.

Risk Management

The Board and Senior Management Team continue to keep the School’s activities under review, particularly with regard to any major risks that may arise from time to time. Internal and external factors that influence the school performance including Governance and Management, Competition, Compliance and Systems are reviewed regularly.

The school continues to work with its external Health & Safety advisors carrying out rolling reviews of procedures to ensure compliance with legislation and that major risks identified by this process have been mitigated to an acceptable level. The school Health & Safety Committee meet three times a year and reports to the full Governing Body.

Page 7

Bury Manor School Trust Limited (A company limited by guarantee)

Directors' report (continued) For the year ended 31 August 2025

Plans for future periods

Growing pupil numbers in the Pre-Prep and Years 7/8 and increasing boarding numbers remain a focus.

Areas for development are as follows:

Statement of Directors' responsibilities

The Directors (who are also the directors of the charitable Company for the purposes of charity law) are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial year. Under company law, the Directors 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 Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Directors are required to:

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the 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 Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

So far as each director at the date of approval of this report is aware:

Page 8

Bury Manor School Trust Llmlt•d {A company limltod by guarantsel Dlrectors. report (continued) For the year ended 31 August 2025 Audltors The audit registration of Kreston Reeve5 LLP was transferred to Kreslon Reeves Audit LLP on 6 October 2025. Kreston Reeves Audil LLP were formally appointed as auditor lo the company on 6 October 2025. Small companles 5￿cIal provlslons The report of the directors has been prepared in accordance with the special provlslons of se¢lion 415A of the Companies Act 2006 relating lo small companios. Approved by order of the members of the board of Directors and signed on their behalf by.. M J Higham Chaimian Datg.. 14-1-lo Page 9

Bury Manor School Trust Limited

(A company limited by guarantee)

Independent auditors' report to the Members of Bury Manor School Trust Limited

Opinion

We have audited the financial statements of Bury Manor School Trust Limited (the 'parent charitable company') and its subsidiaries (the 'group') for the Year ended 31 August 2025 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter - financial statements prepared on a basis other than going concern

We draw attention to Note 2.1 to the financial statements which explains that the Directors' intend to dissolve the charitable company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 2.1. Our opinion is not modified in respect of this matter.

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Directors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 10

Bury Manor School Trust Limited (A company limited by guarantee)

Independent auditors' report to the Members of Bury Manor School Trust Limited (continued)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Directors

As explained more fully in the Directors' responsibilities statement, the Directors (who are also the trustees of the charitable company for the purposes of charity law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Directors are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Page 11

Bury Manor School Trust Limited

(A company limited by guarantee)

Independent auditors' report to the Members of Bury Manor School Trust Limited (continued)

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the charity and the charity sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to child protection and safeguarding, health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Page 12

Bury Manor School Trust Limited

(A company limited by guarantee)

Independent auditors' report to the Members of Bury Manor School Trust Limited (continued)

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Lucy Hammond FCA (Senior statutory auditor)

for and on behalf of Kreston Reeves Audit LLP Statutory Auditors Chichester

Date: 26 May 2026

Page 13

Bury Manor School Trust Limited

(A company limited by guarantee)

Consolidated Statement of financial activities (incorporating income and expenditure account) For the year ended 31 August 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Other income
7
Total income
Expenditure on:
Raising funds
Charitable activities
8
Total expenditure
Net (expenditure)/income before
taxation
Taxation
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
20
Net movement in funds
20
Total funds carried forward
20		 Unrestricted
funds
2025
£
71,049
2,054,206
114,445
26,074
2,265,774
68,162
2,474,559
2,542,721
(276,947)
-
(276,947)
2,809,002
(276,947)
2,532,055		 Restricted
funds
2025
£
11,036
-
-
-
11,036
-
40,443
40,443
(29,407)
-
(29,407)
31,887
(29,407)
2,480		 Total
funds
2025
£
82,085
2,054,206
114,445
26,074
2,276,810
68,162
2,515,002
2,583,164
(306,354)
-
(306,354)
2,840,889
(306,354)
2,534,535		 Total
funds
2024
£
82,318
2,261,619
136,545
32,010
2,512,492
66,902
2,414,683
2,481,585
30,907
(520)
30,387
2,810,502
30,387
2,840,889

The Consolidated statement of financial activities includes all gains and losses recognised in the Year.

The notes on pages 19 to 36 form part of these financial statements.

Page 14

Bury Manor School Trust Llmltèd IA company limltgd by guarantee) Reglstgred number: 00803309 Consolldat•d balanco sheet As at 31 August 2025 2025 2024 Note Flxgd assots Tanglble assets 14 3,002,984 3,028,808 3,002,984 3.028,808 Currgnt assets Stocks Dgbtors Cash at bank and in hand 16 1.500 694,265 381.$47 1,500 514,888 933,831 17 23 1,077.312 1,450,219 Current Ilabllttles Creditors.. amounts falling due within one year 18 (1.163.375) (1.047. 793) Net CUTrent Ilabllltles l assets 186,063) 402.426 Total as$ots1è6s Current Ilabllltlos 2.916,921 3.431,234 Creditors.. amounts falling due after more than one year 19 {382,386) (590,345J Total not a#s8ts 2,534,535 2,840,889 Charlty fund$ Restricted fijnds Un￿StrIcted funds 20 2,480 2,532,055 31,887 2,809.002 20 Total funds 2.534,535 2,840,889 The Directors a¢knO￿edge Ihgir rgsponslbllllles for complwng with tho requirements of the Act wrth respect to accounting records and preparation of financial slalemenls. The financi81 statements have been prepared in accordance with the provisions applicable to antitlos subject to the small companies regime. The financial slalemenls were approved and authorised for issue by the Directors and signed on their behalf by. J Higham 8AC•rt. E Chairman Date-. 14-1- IGIL The notes on pages 19 to 36 form part of these financial stalemants. Pa9e 15

8ury Manor School Trust Llmltfjd {A company Ilmlted by guarantse) Roglstorod number: 00803309 Company balance sheet As at 31 August 2025 2025 2024 Note Flxed assets Tangible assets Investments 14 15 3,002,984 100 3.028,808 loo 3,003,084 3.028,908 Current assets Stocks Debtors Cash al bank and in hand 16 17 1.500 694,265 369,346 1,500 514, 788 854.039 1.065.111 1,370,327 CtsrTent liabiliti•s Creditors.. amounts falling du8 within one year 18 11.155.628) (1.026,233) N•t Current liabllities l a$s•ts {90,517) 344,094 Total a$8ets less current Ilabllities 2.912,567 3,373,002 Creditors.. amounts falling due after more than one year 19 (382,386) (590,345) Total not as$et$ 2,530,181 2. 782,657 Charity funds Restricled funds Unreslrictgd funds 38A80 2,491,701 31,887 2,750.770 Total funds 2,530,181 2,782.657 Page 16

Bury Manor School Trust Llmlt IA ¢ompany Ilmited by guarantsel R•glstered numb8r: 00803309 Company balancé $h¢èt Icontlnuodl As at 31 August 2025 The CompanYs nel movement in funds for the Year was £(252,4761 f2024 - £(22,507)J. The Directors acknowledge their responsibilltles for complyng with the requirements of the Act with respect to accounting records and preparation of finarictal slalemenls. The fin8ncial slalemenls have been prepared in accordance with the provisions aP￿ICable to enlilies subject to the small companies reglme. The financial ststements were approved and authorised for issue by the Directors and signed on their behalf by. J Hlgham 8A C•rt. Ed Chairman Date.. 14_L-I02 The notes on pages 19 to 36 form part of these financial statements. Page 17

Bury Manor School Trust Limited (A company limited by guarantee)

Consolidated statement of cash flows For the year ended 31 August 2025

Note
Cash flows from operating activities
Net cash used in operating activities
22
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Interest paid
Net cash (used in)/provided by financing activities
Change in cash and cash equivalents in the Year
Cash and cash equivalents at the beginning of the Year
23
Cash and cash equivalents at the end of the Year
23
The notes on pages 19 to 36 form part of these financial statements		 2025
£
(494,316)
(55,158)
(55,158)
(22,432)
19,622
(2,810)
(552,284)
933,831
381,547		 2024
£
647,502
(59,706)
(59,706)
(22,432)
22,954
522
588,318
345,513
933,831

Page 18

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

1. General information

Bury Manor School Trust Limited is a Public Benefit Entity, a company limited by guarantee, registered in England and Wales (Company Number: 00803309), and a registered charity (Charity Number: 307035). The registered office is 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ. The principal office is Dorset House School, Bury, Pulborough, West Sussex, RH20 1PB.

All funds are used in furtherance of its education objectives. The School's activities are not subject to income or corporation tax under the provisions of S478 of the Corporation Tax Act 2010 as the school is a registered charity.

The charitable company's Memorandum and Articles of Association are the primary governing documents of the school and directors are appointed in accordance with these.

The financial statements have been presented in sterling and rounded to the nearest £1.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Bury Manor School Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.

As more fully disclosed in note 29, the charitable company's activities together with certain of its assets and liabilities were transferred to another charity with similar charitable objects, on 1 September 2025. Following the transfer, it is the intention of the Directors to dissolve the charitable company as soon as practicable to do so. For this reason, the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. The financial statements have been prepared on a basis whereby the charitable company's assets are stated at amounts which are not greater than the amounts expected to be realised in the period up to the date of transfer or dissolution, liabilities have been recognised as and when they become due, and provisions, if any have been made for any known or expected obligations arising from the transfer and dissolution.

Page 19

Bury Manor School Trust Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

2. Accounting policies (continued)

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The school provides educational services to fee-paying students ranging from reception to year 8. Fees receivable are stated after deducting allowances, bursaries and other remissions granted by the school. Fees received in advance of education being provided in future years are held as liabilities until either taken into income in the term when used or else refunded.

Donations receivable for the general purposes of the charitable company are credited to unrestricted funds. Donations for purposes restricted by the wishes of the donor are taken to restricted funds.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and the receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Support costs which are not attributable to a single activity are apportioned between those activities on a basis that is consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Where VAT cannot be recovered this is included within expenditure.

2.4 Taxation

The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 20

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

The school's freehold land and buildings were professionally revalued by Messrs Guy Leonard and Company at 31 August 1995 at £980,000. This valuation has been adopted as the historical cost. Subsequent building work and improvements costing more than £2,500 are capitalised and carried in the balance sheet at historical cost.

All other tangible fixed assets costing more than £1,000 are capitalised and carried in the balance sheet at historical cost. Depreciation is calculated on all assets, other than freehold land, to write down the cost less estimated residual value by reducing balance method over their expected useful lives.

Donated assets are capitalised at a reasonable estimate of their value to the charity.

Impairment reviews are carried out where there is some indication that the recoverable amount of a functional asset is below its net book value.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following bases:

Freehold property including: - - Freehold property not depreciated - - Swimming pool and pavilion 5% per annum Fixtures and fittings and motor vehicles including: - Fixtures and fittings 10% per annum - Computer equipment 25% per annum - Motor vehicles 25% per annum - Sports property 5% per annum

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 21

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

2. Accounting policies (continued)

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.11 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Operating leases

Rentals paid under operating leases are charged to the Consolidated statement of financial activities on a straight line basis over the lease term.

2.13 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the Year.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 22

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Tangible fixed assets - The school's tangible fixed assets are stated at their cost less provision for depreciation and impairment. The school's accounting policy sets out the approach to calculating depreciation for immaterial assets acquired. For material assets such as land and buildings the school determines at acquisition the reliable estimates for the useful life of the asset and its residual value. These estimates are based upon factors such as the expected use of the acquired asset and market conditions. At subsequent reporting dates the directors consider whether there are any factors that indicate that there would be a need to reconsider the estimates used.

Critical areas of judgement:

Lease commitments - The school has entered into lease commitments in respect of plant and equipment. The classification of these leases as operating leases requires the trustees to consider whether the terms and conditions of each lease are such that the school has acquired the risks and rewards associated with the ownership of the underlying assets.

4. Income from donations and legacies

Unrestricted
funds
2025
£
Donations
546
Other income
70,503
71,049
Total 2024
46,983		 Restricted
funds
2025
£
11,036
-
11,036
35,335		 Total
funds
2025
£
11,582
70,503
82,085
82,318		 Total
funds
2024
£
35,715
46,603
82,318

Page 23

Bury Manor School Trust Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

5. Income from charitable activities

Unrestricted
funds
2025
£
Fees
1,917,324
Extras
136,882
2,054,206
Total 2024
2,261,619		 Total
funds
2025
£
1,917,324
136,882
2,054,206
2,261,619		 Total
funds
2024
£
2,118,763
142,856
2,261,619
6. Income from other trading activities
Income from non charitable trading activities
Unrestricted
funds
2025
£
Sales
114,445
Total 2024
136,545		 Total
funds
2025
£
114,445
136,545		 Total
funds
2024
£
136,545

Total trading income of £114,445 (2024: £133,876) has been generated through events hire in Bury Manor Barn Ltd.

Page 24

Bury Manor School Trust Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

7. Other income

Holiday lettings
Other lettings
Miscellaneous Income
Total 2024		 Unrestricted
funds
2025
£
11,441
13,500
1,133
26,074
32,010		 Total
funds
2025
£
11,441
13,500
1,133
26,074
32,010		 Total
funds
2024
£
14,957
13,698
3,355
32,010

8. Expenditure on charitable activities

Unrestricted
funds
2025
£
Charitable activities
2,474,559
Total 2024
2,410,300		 Restricted
funds
2025
£
40,443
4,383		 Total
2025
£
2,515,002
2,414,683		 Total
2024
£
2,414,683

9. Analysis of expenditure by activities

Provision of education
Total 2024		 Activities
undertaken
directly
2025
£
2,457,477
2,388,291		 Support
costs
2025
£
57,525
26,392		 Total
funds
2025
£
2,515,002
2,414,683		 Total
funds
2024
£
2,414,683

Page 25

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Inspection fees
Recruitment and training
Food costs
Laundry and cleaning
Field and garden expenses
Rates and water
Insurance
Swimming pool maintenance
Light and heat
Repairs and renewals
Curriculum expenses
Repairs to property
Motor and travel expenses
Subscriptions and donations
Cost of activities and extras
Telephone and postage
Printing, stationery and advertising
Bank charges
Miscellaneous expenses
Bad debts
Computer maintenance costs
Depreciation
Bank interest payable
Venue hire
Total 2025		 Total
funds
2025
£
1,693,670
3,787
8,723
106,011
22,459
20,615
49,426
41,991
1,336
52,737
45,964
39,533
33,523
43,574
10,054
92,394
5,563
34,001
3,498
24,970
-
40,388
57,293
19,622
6,345
2,457,477		 Total
funds
2024
£
1,639,268
3,706
5,146
96,603
22,262
14,422
27,446
37,687
2,044
57,788
4,806
47,125
33,719
56,053
13,876
101,538
5,335
41,429
3,001
12,982
5,088
59,164
56,582
22,954
18,267
2,388,291

During the year ended 31 August 2025, Bury Manor School Trust Limited had £4,443 of restricted expenditure direct costs. In the year ended 31 August 2024 restricted expenditure direct costs was £4,383.

Page 26

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Legal and professional
Audit and accountancy		 Total
funds
2025
£
42,095
15,430
57,525		 Total
funds
2024
£
8,853
17,539
26,392

During the year ended 31 August 2025, all support cost expenditure was unrestricted. For the year ended 31 August 2024 all support expenditure was unrestricted.

10. Auditors' remuneration

- The auditors' remuneration amounts to an auditor fee of £12,525 (2024 £11,500) , and other services of £3,700 ( 2024 - £5,816 ).

11. Staff costs

Wages and salaries
Social security costs
Pension costs		 Group
2025
£
1,443,752
129,672
167,056
1,740,480		 Group
2024
£
1,410,682
106,985
169,388
1,687,055		 Company
2025
£
1,396,942
129,672
167,056
1,693,670		 Company
2024
£
1,362,895
106,985
169,388
1,639,268

The average number of persons employed by the Company during the Year was as follows:

Teaching staff
Others		 Group
2025
No.
33
18
51		 Group
2024
No.
28
18
46		 Company
2025
No.
33
18
51		 Company
2024
No.
28
18
46

Page 27

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

11. Staff costs (continued)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2025 2024
No. No.
In the band £60,001 - £70,000 2 2
In the band £90,001 - £100,000 - 1
In the band £100,001 - £110,000 1 -

The school considers its key management personnel comprise of the Headteacher, Deputy Headteacher, Head of Pre-Prep, Bursar, Registrar, and Director of Music. The total amount of employee benefits (including employer national insurance and pension contributions) received by key management personnel for the services to the Trust were: £421,817 (2024: £451,655).

12. Directors' remuneration and expenses

During the Year, no Directors received any remuneration or other benefits (2024 - £NIL) .

During the Year ended 31 August 2025, expenses totalling £ NIL were reimbursed or paid directly to the Directors (2024 - £NIL to Director) . Expenses incurred relate to travel costs for a school trip.

13.
Taxation
Corporation tax
Current tax on net income for the Year
Taxation on net income		 2025
£
-
-		 2024
£
520
520

The tax assessed for the Year is the same as ( 2024 - the same as ) the standard rate of corporation tax in the UK of 25% ( 2024 - 25% ). The differences are explained below:

Net (expenditure)/income before tax
Net (expenditure)/income multiplied by the standard rate of corporation tax
in the UK of 25%(2024 - 25%).
Effects of:
Taxable profits/loss adjustment
Historic corporation taxation charge in subsidiary
Total tax charge for the year		 2025
£
(306,354)
(76,589)
76,589
-
-		 2024
£
30,907
7,727
(7,727)
520
520

Page 28

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

14. Tangible fixed assets

Group and Company

Cost or valuation
At 1 September 2024
Additions
Disposals
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the Year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Freehold
property
£
2,926,955
38,950
-
2,965,905
298,351
9,634
307,985
2,657,920
2,628,604		 Fixtures and
fittings
£
1,024,262
16,208
(23,689)
1,016,781
624,058
47,659
671,717
345,064
400,204		 Total
£
3,951,217
55,158
(23,689)
3,982,686
922,409
57,293
979,702
3,002,984
3,028,808

Based on indicative valuation the Trustees believe the open market value of freehold land and buildings is substantially in excess of the carrying value. The insured value of the buildings is £17,390,000 exclusive of VAT as professionally valued in October 2022.

Page 29

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

15. Fixed asset investments

Company
Cost or valuation
At 1 September 2024
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Investments
in
subsidiary
companies
£
100
100
100
100

Principal subsidiaries

The following was a subsidiary undertaking of the Company:

Name Company Registered office or principal Principal activity
number place of business
Bury Manor Barn Ltd 13490783 9 Donnington Park, 85 Birdham Event hire
Road, Chichester, West Sussex,
PO20 7AJ
Class of Holding
shares
Ordinary 100%

The financial results of the subsidiary for the year were:

Name Income Expenditure Profit/(Loss)
£ £ / Surplus/
(Deficit) for
the year
£
Bury Manor Barn Ltd 114,445 168,323 (53,878)

Page 30

Bury Manor School Trust Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

16. Stocks

Group
2025
£
Finished goods and goods for resale
1,500
17.
Debtors
Group
2025
£
Trade debtors
680,108
Other debtors
68
Prepayments and accrued income
14,089
694,265
18.
Creditors: Amounts falling due within one year
Group
2025
£
Bank loans
22,433
Trade creditors
29,972
Other taxation and social security
170,423
Other creditors
90,625
Accruals and deferred income
849,922
1,163,375
Group
2025
£
Deferred income at 1 September 2024
1,169,613
Resources deferred during the year
955,252
Amounts released from previous periods
(1,169,613)
Deferred income at 31 August 2025
955,252		 Group
2024
£
1,500
Group
2024
£
495,621
146
19,121
514,888
Group
2024
£
22,433
33,505
20,095
87,625
884,135
1,047,793
Group
2024
£
718,086
1,169,613
(718,086)
1,169,613		 Company
2025
£
1,500
Company
2025
£
680,108
68
14,089
694,265
Company
2025
£
22,433
25,625
170,423
89,125
848,022
1,155,628
Company
2025
£
1,169,613
955,252
(1,169,613)
955,252		 Company
2024
£
1,500
Company
2024
£
495,621
46
19,121
514,788
Company
2024
£
22,433
17,745
20,095
83,625
882,335
1,026,233
Company
2024
£
718,086
1,169,613
(718,086)
1,169,613

Deferred income at the year end represents fees paid in advance. This includes amounts falling due within one year and amounts due after more than one year.

Page 31

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

19. Creditors: Amounts falling due after more than one year

Bank loans
Accruals and deferred income		 Group
2025
£
246,753
135,633
382,386		 Group
2024
£
269,185
321,160
590,345		 Company
2025
£
246,753
135,633
382,386		 Company
2024
£
269,185
321,160
590,345

The company has a bank loan with £336,482 repayable in termly instalments of £7,477, exclusive of interest, which is payable at 2.45% over National Westminster Bank Plc base rate. The loan is payable by three instalments per annum for 15 years.

The bank loan is secured by a first legal charge on all the company's freehold property at Bury Manor, Bury, Pulborough, and a fixed and floating charge on all the company's other assets, both present and future. The loan represents 9% of the net book value of the freehold property at 31 August 2025 (2024: 10%).

The loan was fully repaid on 1 September 2025 as part of the merger agreement with Lancing College.

20. Statement of funds

Statement of funds - current year

Unrestricted funds
Unrestricted accumulated fund
Revaluation reserve
Restricted funds
PA donations
Total of funds		 Balance at 1
September
2024
£
2,097,081
711,921
2,809,002
31,887
2,840,889		 Income
£
2,265,774
-
2,265,774
11,036
2,276,810		 Expenditure
£
(2,542,721)
-
(2,542,721)
(40,443)
(2,583,164)		 Balance at
31 August
2025
£
1,820,134
711,921
2,532,055
2,480
2,534,535

PA Donations

These donations are made from the Parents Association to go towards improvements to the school and the annual firework display.

FEAST Donations (2024)

FEAST is a charity that the school raises money for throughout the year. The money is used to provide education to children in India to open the doorway to a better future.

Page 32

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

20. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Unrestricted accumulated fund
Revaluation reserve
Restricted funds
PA donations
FEAST donations
Total of funds		 Balance at
1 September
2023
£
2,097,646
711,921
2,809,567
-
935
935
2,810,502		 Income
£
2,477,157
-
2,477,157
35,335
-
35,335
2,512,492		 Expenditure
£
(2,477,722)
-
(2,477,722)
(3,448)
(935)
(4,383)
(2,482,105)		 Balance at
31 August
2024
£
2,097,081
711,921
2,809,002
31,887
-
31,887
2,840,889

21. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
3,002,984
Current assets
1,074,832
Creditors due within one year
(1,163,375)
Creditors due in more than one year
(382,386)
Total
2,532,055		 Restricted
funds
2025
£
-
2,480
-
-
2,480		 Total
funds
2025
£
3,002,984
1,077,312
(1,163,375)
(382,386)
2,534,535

Page 33

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

21. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2024
£
3,028,808
1,418,332
(1,047,793)
(590,345)
2,809,002		 Restricted
funds
2024
£
-
31,887
-
-
31,887		 Total
funds
2024
£
3,028,808
1,450,219
(1,047,793)
(590,345)
2,840,889
22.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2025
£
Net income/expenditure for the year (as per Statement of Financial
Activities)
(306,354)
Adjustments for:
Depreciation charges
57,293
Loss on the sale of fixed assets
23,689
Decrease/(increase) in debtors
(179,377)
Increase/(decrease) in creditors
(69,945)
Interest paid
(19,622)
Net cash provided by/(used in) operating activities
(494,316)
23.
Analysis of cash and cash equivalents
Group
2025
£
Cash in hand
381,547
Total cash and cash equivalents
381,547		 Group
2024
£
30,387
56,582
-
199,008
384,479
(22,954)
647,502
Group
2024
£
933,831
933,831

Page 34

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

24. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year		 At 1
September
2024
£
933,831
(22,433)
(269,185)
642,213		 Cash flows
At 31
August 2025
£
£
(552,284)
381,547
-
(22,433)
22,432
(246,753)
(529,852)
112,361		 Cash flows
At 31
August 2025
£
£
(552,284)
381,547
-
(22,433)
22,432
(246,753)
(529,852)
112,361
112,361

25. Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. During the year the total pension cost was £167,056 (2024: £169,388) At the balance sheet date £Nil (2024: £Nil) was payable to the fund and is included in creditors.

26. Operating lease commitments

At 31 August 2025 the Group and the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Other:
Not later than 1 year
Later than 1 year and not later than 5 years		 Group
2025
£
57,665
77,225
134,890		 Group
2024
£
63,092
109,337
172,429		 Company
2025
£
57,665
77,225
134,890		 Company
2024
£
63,092
109,337
172,429

The following lease payments and changes in lease payments have been recognised in the Statement of financial activities:

Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Operating lease rentals 71,179 71,659 71,179 71,659

Page 35

Bury Manor School Trust Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 August 2025

27. Constitution

The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up while he is a member or within one year after he ceases to be a member, such amount as may be required not exceeding £1.

28. Related party transactions

As is customary with the position at the school, the Bursar and Housemaster receive bursaries in respect of their children attending the school. Bursaries are received and approved annually by the trustees.

Skern Lodge Limited - for which A P Williamson is a director

During the prior year, 18 pupils went on a leadership trip to Skern Lodge and paid £5,753. There were no amounts outstanding at 31 August 2024. This transaction was carried out under normal business terms.

The company ceased to be a related party on 4 March 2024.

29. Post balance sheet events

On 9 May 2025, the Directors entered into an agreement with Lancing College under which the charitable company's activities would be transferred to Lancing College. On 1 September 2025, all of the charitable company's assets were transferred to Lancing College at book value. Following the transfer, and in accordance with the agreement, it is the intention of the Trustees to make plans for the orderly dissolution of the charitable company as soon as it is practicably possible to do so.

Page 36