Compaw registrati nrthr OOB64831 {ETh9nd arKI Wales) Charmy Vegtrab0 number307048 {Engiand and Walesl FARLINGTON SCHOOL TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
FARLINGTON SCHOOL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truste8s E Ln81 A Ekr SRI A Bubb N ChamBn M Newell J Rthr Country of incorporalion United (Eng W51 (K>864831 Charity ro9istratio ErvJlarKI and Wales 307048 Registered offiGe 32 Furze Common Road Thak8n PUlbtrffjh RH20 3EG Auditor West & Berry Nib H(hJse NI Street Bron BN1 IHSV
FARLINGTON SCHOOL TRUST CONTENTS Pa9e Tru5tees' rEPUrt StatetnentLI trustees. respS11eS Independent auditc¢s rer Statern8ntd fInarAal acbvities Aalance sheet Notes to the fnarKxal statenTents 9-17
FARLINGTON SCHOOL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees wesenl Ikpir annual atKI Inala1 f]heYeared 31 Augu612025. firh8nciel slolem¢nts hevc b¢en prcwred in xOYd¢ewth occounbry KieS xt wt in notc 1 to ihe fin?nciol StslemenLs and cornFAy wiln the charity's antl Artths $¥i]c181M7. lh8 Ctynparyes kl 20tb and.ACts.ng 3nd Reporting by charkn StalerEnt of Recornmended )Kble to charities prepanry th2r accA)unts in 8¢(x)rdantrwilh the Fin7ci¥ Rcptsrtg irt itte UK aryj of Irdand IFRS 1021" (effect 1 JamLry 20191. Objedines and a¢ti¥th"es T Obje of the ¢h¥idy 1$ 10 &Yv¥r independent tryuclon for IFE wbhc twefit in ly near Ftr%sh8m. Aim$ and Adivilies Thg aitn ol charityduriry thE year the prD¥iOTr d bu[Sar to wung peop alietmling dendent schwls in H¢)tsham araa. Public beneitt Tw Irust8e$ h8v8 paid du8 ward to guthn¢• by the Chanty C¢r(tyission In d&¢Ing 8¢tivilies the chariiy should undertake. A¢hi¢vgmnts and pgrforman¢¢ SignifiGaNrtaGtivrtÈs anda(ievemÈnisagaii>sr Lye¢rwe& Buwries werp award&t to ywng peop att£ndit¥J Farfinglon Sdthi rpquirÈd [ancial suppurt. Flnancl31 revlew The chanty me a sutplus of tJ59.964 12124.. defiot of £149.0611. At Ihe year end the charily ha(J unTestriCted funds of £5,402.84812024." £5.042.8841. of¥Jhth £4.T07.018 12Q24." E4.7610',81 tipd in fred assets. leaving free reserves01 £695,830I24'. £280.8661 Re5eThFs poIKy 11 is Iht wlicy ofthe t.18nty th8tunttStriCteo wh¥ have r)iteeTh des¥r@ied fera spetift usesFN)uld be m&intained gt 8 levd e4uivaenl to betwew lh and x n1.$ $ylIUre. trusle6s¢(Mof that reserves ai Ihk% will ensura that. In the event of a SigNficant drcy in ndg. IW be able lo continue tre chty'Srre1 aCtrtieS while CDnSideraliQn Is gwen t> Wa In which fvTrds may be ra1. We have excess resetves al Ie tTr(xDpnl txjt ÈxpÈ additional expenditure io se In luknre year5as the charty NK)re l(ty kntwm. Plam foiluture perlods Thg chanly will Conti lo pde tsjisaries fcrf the f&8•?ab futu. are l&ing 81 d8vebpin9 pl¥ts fof further markeiirvjiiunorain9. Structure, govemance and rnanagernent Farfinglon Schwl Trust 1$ a ¢hwItab cornpany limiw by grantee. regtered cwty number 307048 and ccKnp8ny rpber 864831 The directors are Ihe charty tnjslees. The company is I med by guaianlee and therefoTe ha5 no Share caplta. The ILalIty of e3th methtsr Ls lr.iLeo to a rexcE£l £1 the wlnttirvj ofthe cA)mpany_ Fington Schocd TNst is wveme(t by Artths ol Assooation dat 24 Novemb8r 1W. as by sp8cial resolJiKns on 9 June 3)04. 10 or.ober 2012. 12 Noverrthi 2014 and 28 November 2019
FARLINGTON SCHOOL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees, wtK) are asD the direLx5 fof puTwse of LYJtDpany w. and Tsdduritwj the year atKJ up lu the dat of si9natyFeofthe swemwt$ we' J Robins A Eer B Ph Ilips S Riley ABU N Charman M Nèwèii (Res& 3 FeLYuary 20251 None oflhetrnstees lS benef1 Interest (Any. oflhe truees a memtersofts cunpany and gU8rantee toconlnwie £1 In Ihefvwt ora i1K19 up. Tre composibon of the Board of Truees wemdes 8 uos>sectiw 11$, eyperierte aThY rteresl requIa lo address r of tha key SUeS requred of o Trustee Whon a Mamber lendars a resignalnn. the skills eApgrience gaps aro enlffied abng with any need to recru I rwi 3<ills. o. the Trust a inmted to Mlentify io Ihe Chairwn polenbal new mernbeis. Hawng IdertThled interested and 5Ji'.abk canJKlales. the Chairrnan inwtes them for an Infi)rTnal di%ussw)n with a very stn7Jl numLr of fru5tees Tlw)se ndidateS consvjered Sule for tnert)er5hip of ihe Trnst are pul forward by e Chaimian ol a Tiustees. megtin9 and the prorK)sai is pJtto a vole. New T$e$ are wded Surfab training. AUdIr In at¢or¢Jance ¢ornpani$ arwes. a rÈsobJliun thai Wesi & BtrTry Lnited be reappLNnted a$ALlIr of Ult comrKany be pul al a Genwal Ueetyng. Di¥¢iosurfyof Informatson to au4rtor Each of ihÈirusiees has confimÈ¢ that thÈrÈ i% no jrfOwi- ttware awarèwtric is relewani to the &dil. txrt of which lh8 audit Is vrvI?18. They h8v8 furtPar o))rMed Ihai i-ey vve tsk&n appro?1 aops kn Identify such r6lev¥nl formalion and to eslaAish Ihatthe audikn Is ae of such irth)rrriaiM)n. twses' reportw awrotsed bythe Board olTrustees. M Newell Trustee 11 Apnl 2026
FARLINGTON SCHOOL TRUST STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees, wtK) are asD the direLx5 of F1r1 Trusl ftKthe purpose Df¢paY w. are for prEpanTh9- Trustees. Report 2nd tr fir1¢ s13..eIS In accor wth ap12 lav4 aThJ Uniteé Kin9dom Accounlin9 Standards lun1 GBneraly Accepted ACC(ntIng p11¢•). Company requires the ISteeS lo plere fn3ncal staleThents finan(Jal year%¥hth 9ive a true lair wew of Ihe 51alp of afairs of ITe chanty and of ihe TE50Lwces and of reIrt$, including the irFCOrn ènd expendiwre, of the ¢hwitabk ¢crfnpanyfor IW year. In wep¥ing these finar¢1 $tements. th8 are reqwred ts) - select suitable 0Until¥j atKI then awty therTr wnsisienly. -rA)SÈTVÈ IhÈ melhtJsand In Cati¢S SORP." - kejUdMenl5 snd esknrnaie51FHI reasotth and prL¥J8nL" - stale whether applicab UKAccountirvJ Slahlarts ha been folkyld. Sub to any rnatenal departures di£c105ed and explained In the financol stslements". ar - Nepare the financial slatements on Ihe go basis unless il is to presum8 Ihat the charity Mll continue in operalion. trustees are resnb for a(lequale aA)untiJ rec5 thardOSeth rea)nable al any bme the finartyal P11 of thè tharity pf&bl@ ThrÈ Ihat th8 [nar tompty 1 the CompM8g Act 2LNb. TTr2y also reswnsible for safe4u3r(ng the assets oflnE cJ• ar#1 frn lortaTrY Teasonable 5tep5 for Ihe prevent 8nd deie¢tion ¢f fr8ud and itre9u181ileS
FARLINGTON SCHOOL TRUST INDEPENDENT AUDITOlfS REPORT TO THE MEIABERS OF FARLINGTON SCHOOL TRUST lon We have aLKJrted the fillanCl Slatemenls of Farfingtrr Sclth Trusl Ithp'chariry I for the year endpd 31 August 2025 cornpriso th& statBrnon" of financ1 actvibos. Ihg balancg nDtgs io fInanals13t£rngnts, induding significant 8cmunting 1cS. T fin8ncK31 framewotk Tr35 in Iheir NÈp3raliDn Is appltrAtAe law and Uniiwj KingdDm Accounting S'.arvJards. IDEkJdiry Ryting Sla[ard 102 FiTrwKpal ReportwSlaNlllard8pplicable Ihe UKadRepb Of1an¢{Unrted GeneratyAccepted Antsro PraCte1. In r0EK, the StalPts". give a true and fair vi&Y ol the state ot ettritaLe ujrnpanls atrdirs as * 31 August 2D25 and of its InLxJrning re50urtEs and re)ur( Inthditwj 15 IAj[ne Èwervjtuie, frwthe year en£ed,. have tren prepaTgJ in acco[dan11h NAdoM GptTalfyf A(wted AuyJunlvvJ PractTr." have been in aGuwdarKxwith the requrementsof the COrnPan Act 2. Basi5 fDropinion We rxJndu¢iÈd aud¢ In accord wth InrrtKIaIS18a1tts Audthfvj IUKI IISA¥ {UKII apphcable law. Ouf 1È8FxxNblib&S md8r those siaTrlards e further deribed in trye Al110rs¥&lwhs forthe&uthtoflhe financ181 SlalFmtrnls dJon 0fr rep¢wt. WF artr Ie)nI ollhe ¢harty in a£rottJance th the etr&al requreffnts thai are relevant t¢ wr aLKlit ore fina101 stareThEnts in the UK. indudinglts FRC'S Elhl Slandard. and we have fuYld wr other eLry& SponsIbl111S in 3ccordae wth these requi'ements. We b¥ thal the audit widen we haveoblain&J Is sufficient arKJ appropria'.e to provide 3 basB lo". ourop.twn. Conclusions lating to goin9 nCern lft èudrtiDg IhB financial siaietnÈDts. wp havÈ c¢tldedthèt ihe tnJstÈes' use of ihe goiNJts)rteTn b2sis of 1ntifVj in tr prEpara1 ol the [aal siaiwTr8nls r6 app818. Based on'.FE waTk we have perfoirTred. we ha¥e eIffied naleri4 Ulerta'.S [ati to events or conditi5 that. diwdualy or cdlectivdy, Thay cast SW3n1rn1 doubl on the chffj'S3Lylty to contnue asa wing concem a perK)d of ai leastlwdveThontrsfiorn when Ihe financial slaterrHts ate auth0ri5ed lor Issue. r reSpOnbille5 ar the resrx)rtybiliknes olthe Wes th re¥ect io grj corKern dewb&l in Ihe relewant sections d this rep(wt. Olh•r Infomi8ll•n T other Irrforrnaln QJTDprises inforrnalKJn in the anrwjal rppJqolher than the fi[wGl staiemBnts and Dur sudilorfs repcrt Iheyeon. The trustees are restre kne other infCMati [intlled annual rep. raphYlOn on the finaal statements (knes wl J)ver the info-maioi and. except lo the er.enlotheiL%e eKplioUy staled in our report, we dD n(rt expre55 any fotm of assuran c(ndu5 an thereon. Our re5pon5ibdity 15 to re& Ihe olher infortnation and. in oing so. consider whetherlhe other rformalon 15 Materity incfjns&enl wth thefitwcwl sla".ements our knowwe Obtainèd in the Of lThè s11. gr Othetwtse appearsto L MaalY ff we e1rfY su¢Th material liconsten•es app1 tr*Lenal mBstaiw(erits. we ¥e requyed to ¢erenThne fftltter IhL4 gi¥es rise a matsri mis51atenEnt In the finaFKial stalernents ttrwnselves 11. based on tre work have p¥fatmed. we cde that th¥e is tnalenal t4isslatetn9nt ofthis o'thei mfiwmalw. we a required lo report Ihal fact We hav& ndhiry rerK)rt In ths W. nl¢)n$ on other maners pres¢rlbed by ts Conwnles A¢t2006 lry our0). based rm thtr wo'k ufhyertaken In tre oftsji dit Ihe informab.on 9ven In the Iruslees, reFKKt 1(Ylhef8rQal Y¢arf the rgnal s181emEnt$ 8re wepared. whith includes the direGtor5' reryJrt prepared fDr the pUlSe5 of ujmpY kw. Is congstent fjth kne Iinancial stateents. and Ihe drectors. reFX)rt Inckjthlwthin knetru51eps' rewKt has been prepared iy accordance With applicable legal regulrnnIs.
FARLINGTON SCHOOL TRUST INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE MEIABERS OF FARLINGTON SCHOOL TRUST Ma¢¢ers ¢)n which w ar¢ to ropwt by $x¢eplion Ip the IvJhl of the knowedge and e[stdi o'the chry and rtsenwrorwrenl (kntain In the of the alIt. we have not tld matgria dirBci(xs' rep[1 Inc11d withir. thB trUStS. rwrt. We have nfthin9 to report In respect ofttThY mattws in iel•)n Ccmnrrnes Act 26 wuires us to r8port lo ytyJ If. in our winw)n-. adequate recJ)rd5 have rh)tbeen kept. ty reLYn$JeqL48te aL¥Iit have (beeTh received from branches not visite(I by us. the fanCal stateents are 1 in agrrnent ¥thlhe Jhrj reuKds rettIn". or rtan discknsures of trJStees' rerNnelatN specfied by La¥Yare not m." or we heve n(rt ieceNed ali Ihelnf(Ma and epaiiws * r84uirÈ Irour audit." Ihe Iwsle88 were enliued to the fina31 5tatetnenL3 in a4xoTdancew(th the all coTnpanvas fft9TTr8 and takp i(jvAntA. nf fhp. %mall (XjrnWS. PXPrnNkq wl P[PpAri thJ%tRp4' rpmrt And Imm thp. .0111lp.rPPt In ewe 8 strateg¢ repo R88ponwbliti68 Of tru$t••s AS exlainod mce ful y If'.he st¥i•wl ofirusbes resp111& trtfLLes. ar8 aso the dircicrfs ofth?¢harty f the purpose of coTpary Ldw. a resSe the eparat of the fnanua ststement5 and for beinq satisfied that Ihev oive a lyue and f¥ r VEW. and jCh inlema eonl'd as the trusree5 determine is rssary to eftab preparation of finanaal StatentS that are free fri)m fflatei m s5tatemenl. Whet- due ts fra or eircf. In prepanrvJ tre financial sLatetnents, ihe trustees are resp(r3ible for asS ng Ire thafitys aL¥lty to c¢lInue as a g(Mng concern. di5ckNng, as 8ppli¢abÈ, mattets rd8ted lo wn9 ¢tyKem 8r¢ usr9 9tyr¥ ctycem basts ¢f8ccoJntf9 urless IFe tru¥eesertheY intend to l¥iuidatfy Ihe ch8nlable coryany 1CeaSe Werall. or tsve reak"allernative to so AurJit17r's vpspoThsibiliqs foTthE auditof t1 financial 8lalqn (hJrobiecti¥es are lo obtain [eas(aLe aSsUw ate[the[WlCK statements as a wh(Ae afe free fvom material missiaterreni, whelherdue-.o Iraud oi err(. and Io is 8n 8Ltitorfs repM 1481 ife5 cur opiion Reasonab assur¥n P3 a high levgl ofasswdnce but ts not 3 gu¥188 that a11 accordae vAth ISAS IUKI wll al4¥ays delgct 2 material miSStstemÈnt when It exists. Misstamentsean arse triTh Ira oreiror and are Crjnsided rnaterial if, individually or In aggregate. thEy cwld re15(wwY be eXte(l tr> •ifiW ec(wThc ¢eTrsior6 oftysers taken on basis of these financial slatetnents. IrrelarIts. irlUdIng fraud. are lllstan5 of nOrHx)rTrW L4W5 and reguktiOr We de51gn procedure5 in line with our respOnbilItS. Julline(J above. lo detectr)alenal ms51a'.ewts in res of Ir"e9Urthe5. indudirvJ fBud. The extent which odrpr(Kedures are ofdete(w vreg4Jkr,ties. IBIrj fraud beknw. Thg obi8ctiis of our ludil are to Ityenlify assess tre ftths ol malsri¥ msstslwr8rl of the finanoal statsments to fraud or error. to oblair suffient appiopnale aLKII eden regardiw-he assessed risks of alal rnissiatement due lo fraud or error." and to respond apwopriatdy to Ihose ks. to the inherent 11rnit8tiws of gn audil, ffie is gn unavoidable risk that malenal ThtsslateTents in he finawal staienents tnay tK)I be deRcted. even though the a111 is propedy pL)nèd and perf0M In ac¢otd8ntÈ wilh the ISAS IUKI. Our apkwoach 10 IdÈntrf"ng and 89Stgsino the risks of maler181 miss18iemenl in respect of irresulw1l. Iral aré n-(Mp1ce with laws and regulatrts. was as follows.. We obtained an undet5tandiry of Ihe Wl arKI regulakny 1TneNks a8te to the Chaiitab company. Ènd s8ctor in thBy oyera'.e. We det8rtll1Td thal Ihe la regu15 %YFrE ttwjsl swJnifi&anl." ChaDlvds Act 201 l. Companies Ac-. ?6. ar LaThlord and TerAnt Aci 1985. We obtsined an urydwslanding of h¢A the charitatye (wpony is Cwp1[J wth fv legal and regJ8ti)ry frarnewotk5 by t[n9 inquiries io manBgernent We asspssed suscepbknlity oflhe finatxaal slaternentsto tnatend tr¥s5tatement, IndI[¥j how fra wLur.
FARLINGTON SCHOOL TRUST INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE MEIABERS OF FARLINGTON SCHOOL TRUST Audit piocedur85 perforrtth by the etwetnEDI Itd." IdwilifwThJ and as99swg th• design 011r015 manag9rwil I$ in to w•v•nl dgt4ct • Understsnding how those charged wVe"rW cOnSed and addressed Fxltentkil lty override of contrds other inapproprHle in1luerl over the financial reJKbrxJ tess." Madè ènquirits tTh managtrmeni. IrKluding consNJBration of krviym Dr suspected In8tan¢ts of traud ur jn.wmrdnce.. Asswro kne extent of wtyiarKe wrth relevant1aa regulathS.. Ctslenging awMptn$ * I9mt$ Dy nw)ag8ment In its $nifiCant a(xounting wlDes', Ideniifw"rvJ and le5knry pJrnal entnes. In pala. anypurnal entrS w5ted wilh unL5ual aixx>unl cA)Mnations.. Investigated the ra1th8 thiNI t urntsual transMns. TTrere are inherent Iimrfatk?ns in raudit IureS cwbed a)Dve. The removed that laws3 regulabons are Irom rin$ncial transactss, the less likely It 1$ thai we bectyne ¥w¥e ef AudilinG slandards also Iimrt ltrt audit prOdureS required to Identify non-cofftplwrKe with and resuL411(XlS to enquiry of the directLV5 and olher managptnenl and tnp inspeclion d Watory arKI legal wrrespen. rfy. Material misstatements thal arise due to fraj w be haThJer to deteci Ihan tIMw 1hat se from a5 they may invo deliberate CCIralMenl or crAluSJthI. A furtherdesGrpuon ofoLW re5wnsibilibes Is av311able the Finanua Rewthg cOuAl.5 Weble a". httPS."IIWdwwfrc.(K9.uaL1IIC$reSp$I1rt This d¢sthptm fonns ofow avd1$ repr. OtheT Thattvr6 Te pnor yeèrffinaral StalenNts1¥eltr alted. We theieftre draw attentm to the fatr. Ihatthe c(mparaiives are unaudilBd. Us• of Our r•ptyl T5 rep(xt IS tll3dp tothp Gharitable uWnpa[S rItr. asa LKxty. in ¥¢areth Chaptw 3 of Part 16 ofth2 CompaniesAcl 2006. Ou, lIwok has been undertaken so IYwe might siaie to the ¢ha'd8bk coanY s members those m3tLws we are quired ID date to thern in aq aliarfS rerA)rtand fn00t puSe. To'he fullest eXt permitted by Law. we do not accept or a55Jrne resp0?ty".oaTrwt (the"than the charItae c4)rnpany the dritate CoanY 5 mwnbers as 8 body. ftr tsJr a11 woth. fo¢ tor the otyntr.s we have f(wrt*d. Mlehelle Westbury FCCA (Senlor Statutro AlItar• For atvj on behalfofwest& rrle. Sl)iulcrfy Audn Chartered Certrfied Accounlants Nile House Nile s81 Brwjhlon BN1 1HW 11 April 2026
FARLINGTON SCHOOL TRUST STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 AUGLIST 2025 Unro8th¢tod UnrOStyi¢t•d fund5 funds 2025 2024 In¢gmo endovmients from.. Donations and legacEs Charlats ¥tyvibes Investments Other Inixxne 10 150.914 20.940 1.320 341.321 24.475 16.rx)s Totsl income 3e1,801 173,174 Expenditure on.. char,lab Kbvttses 21,837 322.145 Total expenthture 21,837 322.r85 Net Incornrfexppndlturpl and Trrent infund5 359.964 I149.(1> Reconclllalon of fvnd5'. Fund balarfes ¥11 Septsrnbei 2024 5.042.W 5.191.945 FUNI balances * 31 2025 5.4C2,846 5.042.884 Tre $121ementeffInaa1 a¢tivitie$ Inckjdes all gains ktsses in the ytr8r. 1 irMe and experrture dtrriyé ficym nTrUIn0 a¢tMI*s.
FARLINGTON SCHOOL TRUST BALANCE SHEET ASA T31 AUGUST20?5 2025 2024 Fixed Bssel¥ langible assets 14 4.707.018 4.762.018 Cuwrent assets Debiors Cash at barth and 17 ha 15 89.074 23.379 1.204.573 778217 Crtrditorn." amOLmS1¥lI1rtg wthin onè year 16 1254.8101 1196,8191 t ¢urrenl8ss•ts 949.763 581.398 Total asset5 less cuThent liabilit 5.656,781 5.343.416 Credltors.. amaLts falllng thje aftermore Ihan one year 17 1174.7841 Pro¥ision tr other liabilitEs 18 (79.1491 1300,5321 Nat a88•1S 5.4CZ.548 5,04z.eE4 The •1 the chanty Unrestricted fu.yds 5.402.848 5.042.884 5.402.848 5.042.884 The fin8nc*l ststerrtnts w¥e apwoved by trt Intstees M 11 Aprd M Newell Trusts&
FARLINGTON SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 AtIng pol185 Charity inlormBtiD Fadingl?n Wocl Is a wvale c¢hThpany IKnile¢ by guaraitee i)r[xyated England and Wats. The registered offKe 32 FLwze Fii>aO. Thakeham. PuWh. RH20 3EG. 1.1 Basi? of prepara¢ion Tho financial s".aiomBnts ifb a(rdaThts7Ih Ihè I1%¥&M1fiu documtsni. Ihts Compani&g Act 2006, FRS 102 Tr Fin8Ja Fterortirg siarKJarc aptArtsble n UK REputA (r Iieland. I"FRS 102.1 and the Chanlip5 SORP'AccoLTling and ReFKTtsng by Ch3nbes". Staipryl of PtaGlre applrsblB lu thsri118s prewing Ihar aecounts in accordan the Fi-ancal Rerg Slardard ap caNe in the UK and REpublic of Irdand IFRS 1021. leffecbve 1 JUa[Y 20191. The thanty is a pUtlc Befit Enbtyas defined by FRS 102. The charity ha5 trkpn tharrtagp of Ihe provis151 the SORP fortharI TM)I to Epare a Sl4tement ufcash FIo%Y5. The financial s8iements are pwred n swiw. is Ihe fuNCtal ojrrewollhe (arity. MonEilaryamounl$ r The finanGiÈI staiements ha'le bn prep¥ed UNJ¥lhe hisiori(a %tst(fftthn. ThÈ wncpal poh'aÈs aduptsd sel out bekJw. 1.2 GDing Al the Iirne of apPrO[j the finatKial slalements. thEtsU51have a reaab exppctation that the tharity has adequate reSrte$ ro wlinue In ¢(watl¥l existence for fweseethle fLrture. Thus the trustees ty)ntnue to •Jr Ihe going bass ofaccwntiw Yb piepariThJ Ihe ffinarKl ents. 1.3 Charflabl¢ fvnds unresIr18d lunds a avai18 fc use at the di8U8tth ol th8 trleS in funherarts of theirtharitaNe obiethv8S. Resirtted funds we sutse¢l 10 $re(])rt)ft$ by th)ThYS¢Y9Wliys $ io fvy may be used. The wwoses nd u5e5 oflhg restricted fd5 are 8etout in fv notssto thg fmarK¥al siatwients. ErvjowtfUds are sub io speak bythnot5 thatth& Lzprtal Thust be mantainwj by the Iharity 1.4 lfie•m• lrfomÈ is rÈtognL%trd when thÈ ¢ty Is legalty ènirtlÈd to it after any prforman¢e ¢x)ndrtlDns have been the amwnts be Me8re reiiabty. arMJ it Is il be wwed. Cash ar8 re1$ On re1. Otherknals re¢cwk%80 ¢hty b*n nolif1 ofthe doDaknon unless perflyma c1110n$ rgquire ol the arrwJunL InL¥)me lax fecoverablo In rdation lo donations receNed under ortheds of CO¥Ef0nt rergwiw atlhetime otlhethakn. L8gaaes are rewnised reCp.. or Q1herwe If the charity has b2en t}Dbrd of an Impending dislnbution, the arnounl is d receipt Is eNpected. If',he afflounl knL¥hM. lh& W is Ia'A1 a5 a cunlingenl asset.
FARLINGTON SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pol•e$ Icontinuedl .5 Expernditure Ixpendilure Is r&ognised 1Ce1here 15a legal or(ThstTwXwe oblvJabonto tratthecA)nomic benefrttoa third party, rt 1$ wth¥bl& thai a ItanSfrofrth bènafiis ba required ifi str1ty8ffI. tho amounl of tnè obiKJaiion Can t meagjred lyblY. EXpFndltu i¥ das5ifpU by xtyvity. Ttrp (x xvtyare tn P01t1&P ofdirertwsts at¥J 5hare(I rosls. including suptx)rt(x)sts involved in urKlprtaking eath thty. Dve( a)5ts at1[xrtab to a athvity are allocated direciiy 10 that admty. Shaw costs Ctri)Jte to mNe than one iVity 8nd ?uprotf>)sis vJhK è¢ not allribblabk to ¥ a¢tM'.y ar& apr)liwthJ betw Ilw iviJ&s omsisiwl vJlh lie useof r8sourc8 Central stsff costs are akncated OTh the bS of'Lime St. a1 de[ tharges are cated on pOrtn c>fthe assw.'s use. 1.6 Tangiwg fixed assets Tangible fixed ass81s 8 iniiaty nasured al cosl aThJ >Jbsequerfy mÈasur8d at¢ost orvalualon, ol d8prtdalion and any impairrrEnt losses. Ovyrwaiui ij iu¢oyntsed >0 as ty> vnil¥ t[ Ltyl UwiT ltt¥duai valutrs lfvii uselul Iwes on the fdkmiw bases". Freth) arKI Ik"n9$ 2% strhr li on tsJikSry Frethld land Is not tWeo3ted. The gain or ioss ar¥ on oran assd tsdetÈrmiwJ as thediffererte bèttn the salè procè8ds and the carryhg value ofthe asset. aThl is in stsiemxolfinwcial ivilies. 1.7 Impament ol I¢(1 assets Al Èach reportwig end daip, the ¢haiityTewews ie £rwry atTh)& of(ts tsrp)'blÈ assets to dÈknir whÈther IherÈ IS a7y ndicaiion Lhal lh ¥sss havÈ suff8r8d w Imparmtr)l knss. If aiy such i1¢ati) aKists, the r8coveiab arnount of the at IS e5tirnated in i>rder lodetermine the exnI of thp imwrmern k)55 anyi. 1.8 ¢8sh and ¢ash 8quivalents Cash Cash [ValentS Irude rash ITr hand. de[lS atcall bafs. other short-te"m IiquKI Inve5trnents wilh ongn81 m8fvril*S ortrrfee nsor kss. •7d b8nk OverdftS. Ba ovttdrafts a shOfft hTrnlhin tOYOVrfin9s In current liabilibes. 1.9 Flnan¢ial fv)slruments The tharily has to apply the ptWsKms of SeG[ 11 InstTwvents' ar S8Glion 12'0ther Financial Inslrnments Issues of FRS 102 tfs dl of ts irtstruments. Financial inStruThnts rwisad in the chatitys balar@ shB81 lh8 tharity be[[ party to th@tractU rDyTIs of thp insttumpnt Financial assetsand labilitaT oYseL. 4%ilh the ret arrthnts rKEsenw the finarKial staiemefjts. when Ihere Is a legalenfO[3tr1e right to set off Ihe recogn an0UnLsa the i% ar) intentiw. to setde ona net basis orto reale Ihe asset and settl8 the Iiablity sWnuttaneDty. 10-
FARLINGTON SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pol•e$ Icontinuedl Baarc )Sn•nclal •sets Bas financial assets. irle debt( bank balan. are inthally measured at tranSaCtTI pri including Iransadth $1S and are $utwueniyimed al tX61 L[¥d ifre inlernst metiod unlo¥s Ihe arraemer1 cwsinufrsa fiiarory trSal, trt transaaw i8 measure(l at tre rKesen". value ol the future receipts discwnted ata rnarket rate of interESt. Finaml 85sets cL4ssified aSrec¥3b within one yearare not rnottispd. BasK liabKNlie5 BasK financial liabiliknes. Irc1119 c[edit5 apd baT k>ans are initialty attrar53ction unles5 Ihe arraw$ml ¢SluteS 8 financirp) Nthere tr.e de)1 instrumwi measur8d ai the pres1 vaue of the fuiure payrnentsdiscoUn at a market rate of inleresL Finalla1 Ikthlities cL4ssified as payable within one ye& are not amoybsed. Debl instsumenLF are Subsequtty carrd alarrKxlj usiny IhEeffkn interest rate tJ. Trade cr9di1$ are otllgatrn$ lo kwy 9¢sOrSe[¥es ttave been awuire¢ (Kdinary wurst ol operaions suppliers. Amounts lab are cbsylied as ItieS If ment is due Within year or less. If not, they are presented as nOnent l ablitEs. TFae CfeCit0 are [nl Initialty al trSaCtion priTr 8nd subsequently rneasured at atrKrtsgJ oJst e effeLNe ItereSt tnettrKd. Der¢ognllkn of nnwKlalllabyltt Financial lthilthes are derecognised V&then th3rity"s corrual lgats expre orare distharged LY1. 1.10 Pyovlslons ProvisK)ns are rognised the charrty has a egal orUJnStst1e presentth¥knn as a result of a past event. it is sKobable Ihaltre tharity Will be requ[1 lo setue a rdiable estirnate be rnade ofthe arnounl of the [&ligati. The 3nount as a 15 the be51estimare ofthe congdeoDon wuired to setoe the present oiAigat al the rewrting end date. taking iyto c0tthe rsks utaIne5 sutrowdir¥J the oblyaion. Where the effectof the lrne ¥alu8 oftwney Is tnateti. the auty. ex&Ete0 to be t84re to setue the obh9abon reLY)gned al present value When a provision is nea5ured a present ¥al.e. Ihp urMind¥w ofthedisrA)unl is reu)gnBl as a finance a)51 n net incomelfexrwIIUreI inthe pefitsy it a-ses_ Critical accounts.ng e5tims and I15 In applicati ofthe tharity's accoLnl.ng the l-Jslees are requir& to Trke judgements, e8tin&te8 apd assumplh)ns about the carrying arrthrrt ofassets and l abIS that are Tt reacSly apparen-. from her re25. TtÈ est1ateS arKI assocKHted assumVKJnsaE based hLstorKa exFmXien othertactors th31 are consred to be rdevanl. Aciu31 re5uN5 tnaydrffer rtDTntheseestirnate5. Thg 45Trte9 and aSSLwnpkns wg or¥LMrwJ b35iS Ro$#Jn5 to Accountsry gsLimatgs arg rewnised in tre period in whiLTr the esrte B re¥iseo ere revtsklp affects only Ihal p1. or in the reriod cl the revisw)n a"Uture perKQs Whe the remsim affects boltr curyenl arxl future peri(xls. Prioryew restaiemenl The E¥K)r yearfigUS have arrHKled to reaS bursary CommitneI5 fro Jeditot5 lo prows1(K There has btr8n no Impa tr* sur$ ¢r r8sarwes ILY y8ai w,d8d31 ty12024
FARLINGTON SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 kn¢om¢ from JtyBtsons and1¢gXi¢S Unr¢¥trcted hjnds UnrestrictEd funds 2024 2025 DonalhJwaTrJ gls 10 Vnrsffi¢t•d VnrStyl¢isd funds funds 2025 2024 kncome from clyntswe actyvilies Chanlable renla inci)rne 341.321 150.4 kn¢ome from inyosbnents Vnrvstrfjcted Unrostrl¢tod fund5 nds 2024 202S Interest r[Valle 24.475 20,940 Othor lthtar Umrestricted Unrtrstsidod furwJ5 funds 2025 otherinctjme 16.005 12-
FARLINGTON SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 ExPdItYr• on ¢h4ritsbl¢a¢ty¥ilios ¢haritsblE activitl•S Charitsble 2025 2024 Direct ¢ost$ Deprgoalion and iTparrDel Br$aneS commrtted Bank charges IT costs Accauntsncy nCelled 55.1 97.903 55.(DD 262.449 12 436 1176.0S71 16.172 s.o 15.979 Legal fees DOnatnS Insurance 15.837 321.035 Share of support and gOv•rnaD ¢osts not991 GovÈmarKt 21.837 322.rJ5 Anatysis by fund Unwiricled funds 21.837 322.235 Bursary comTTrilment5 have been Care1 durng the year ¥stEre butsary reapts no kxwermepl th8 charity's criteria lor SUPPKXI. The trL51ees remew bursary amualy. Support costs allocated to activbties 202S 2024 6.0(K) 1.200 Anatys2d b•two•n'. Charitable a¥e$ 6.0(X) 1.200 13-
FARLINGTON SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 10 AudiloV$ r¢munvotion Feos ?ay&blc to the *S&toS". 2025 2024 For audit s•rYlc•s Alit ofthp finaTrial StateMts of Jwity 6.ori) Forother 5Ervices IepPdent Kla1J fe85 l olhBr nDn-aLtil S¥15 1.200 1.200 12LX) 1,2(X) 2.400 11 Trusts None ol '.he IrJstees lor any FaSS rnnec1ed Iheml rEd any remun2r3ti0n or benefits frun the charity during the year 12 Employqes The aVage rnontNy wmtjer ofeffW¥ees duriry Ihe year 5. 2025 2024 Numbev Nurnber Total There were ro efftployee5 a1 rgThuwatA)nwas Ihan £tsO.(KK). 13 Taxallon The charity is exetw IroTn tax on iTKomÈ atKI oains laliNJwithin se¢bon505 of theTaxes Act 1988 01 se¢iion 252 ef Ihe Taxaih?n of(harab Gains Att IW2totheexlvff lh811 we appld to its thari18bieobiects. 14-
FARLINGTON SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 14 T•ngiblg fixed FrhOld laid cost Al 1 September 2024 5.492.944 At 31 512025 5.492.944 D&pr4eIon aNI ImpaltrTh•nt Al 1 September 2024 Depreuaiion carged in Iheyear 730.W26 55.LKIO At 31 Augus12025 785.928 Carr>ing amoL At 31 AUgt 2fj25 4.707.018 At 31 Ll512024 4,7é2.018 15 Dvbttsrs 2025 2024 AMOnIS ffallln9 dut llhlfft ontr yew. Trade debtors 89,074 23.379 16 Creditors.. amounts fallingduÈwithin year 202S 2024 Motes Deferred irK(Nne Oihercrèdrtcs AcGruals 19 91.170 156.440 72 25.474 168.945 2.400 254.810 196.819 17 Cr•dltors'. amollnts fall1n0daftrMDv• than (• 2025 2024 174.784 15-
FARLINGTON SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Provisions for141biliti*¥ 2025 2024 79.149 300.532 At I Septentsr2024 Additbjnal proviwns in eyear Reversal of provlsion Util1s8b¢n ot provisk?n 300.532 31.ffi6 {137,0381 At 31 Auyu5t 2a25 79.149 19 D•18$ income 2025 2024 Otherdefeed IrKxkThe 91,170 25.474 Defered incone Is included in firK4n¢k41 stsIefrts as Ic4k)ws'. 2025 2024 Deferred is wthin.. Currenl 1kAtAI85 91.170 25.474 Movements in Ihe year". Deferred inccme at 1 Se)iember 2024 Released previws Feno(ts Rfyswrwdeferred in Ihe ygar 25.474 125.4741 91.170 20.260 120.2601 25.474 Deferred income at 31 AllSt 2025 91.170 25.474 Deferrcd incomcis in r¢ltition to lent in advèrtt. 16-
FARLINGTON SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 20 Unres¢ri¢tod fvnds Th¢ Lr(e8lricl¢d funds chorty¢¢nwse te uncxpcY bal?ncesoldonatiofis gronts which orc rol 3ubiecl to sFwfic condi10 by Or$ and tyant0 as t¢ Ilw These itxjude designaW funds which h8¥8 been Set askle of unreskncted fuNIs by Ihe trustee5 tor PUTw&es. Incorrm Trg Resources At 31 August 2025 2024 Gene funds 5.042.884 381.801 121.8371 5,402.848 Pvevious year.. Incowm Trg Resources At 31 August 2024 2023 Gen funds 5.191.945 173.174 1322 2391 5.IM2.884 21 Operniing kas•¢ommitmvrbts Lessor The t4>erats aSe5 represent knes the propwty lo Ihe as rArtof the chantys Eharitable ti¥lls. The renewed ase Cottwner 3 Sep'.etnrw2024 fora furthei letrn of 15 year5. At the reootiro dale It¢ charity h•J ¥th ienaits Ivlhe rninimum tse oaymeffl5." 20?$ 2024 Wiihin one year Bebveen two and five ye¥s In over five yEaT5 341.321 1.365.284 3.071.889 4.T78,494 22 Related party tranga¢tkng There were TK) dcsable tEd pattyb5th du9 thp yeI2024- T1. 17-
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