OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-07-31-accounts

BRIGHTON COLLEGE (A Company Limited by Guarantee)

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

HaysMac LLP Chartered Accountants London

Company Registration No. 7663 Charity Registration No. 307061

1

BRIGHTON COLLEGE

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

PERSONNEL AND PROFESSIONAL ADVISORS

PRINCIPAL

R J Cairns MA FRSA

GROUP CHIEF OPERATING OFFICER AND COMPANY SECRETARY

P T Westbrook FCA

BURSAR

E C Dobson MA CIMA

REGISTERED OFFICE

Brighton College Eastern Road Brighton East Sussex BN2 0AL

AUDITOR

HaysMac LLP Chartered Accountants 10 Queen Street Place London EC4R 1AG

BANKERS

National Westminster Bank Plc 56 Churchill Square Brighton East Sussex BN1 2ES

SOLICITORS

DMH Stallard LLP 47 Old Steine Brighton East Sussex BN1 1NW

WEBSITE ADDRESS

www.brightoncollege.org.uk

2

BRIGHTON COLLEGE

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

REPORT CONTENTS

The Board of Governors presents its annual report for the year ended 31 July 2025, together with the audited financial statements for the year, and confirms that these comply with the requirements of the Companies Act, Charities Act, the Articles and Statement of Recommended Practice Accounting and Reporting by Charities second edition effective from 1 January 2019 (“SORP 2019”) applicable to charities preparing their accounts in accordance with FRS 102.

This report includes the following sections:

Governors’ Report

3

BRIGHTON COLLEGE

INTRODUCTION: CHAIR’S STATEMENT

FOR THE YEAR ENDED 31 JULY 2025

CHAIR of GOVERNORS STATEMENT

I am delighted to introduce Brighton College’s accounts for the year to 31 July 2025. For the second year running the College was the leading co-educational school in the UK at the top of the academic league tables, and therefore I congratulate the pupils who performed so brilliantly in their exams and of course I also thank the teachers and other staff for all their support in helping them achieve such fantastic results.

In addition to the academic achievements, the College continues to be externally recognised with a host of new accolades including ‘The Sunday Times UK Boarding School of the Year 2025 and 2026’, ‘Top Private Education Leader’ for our Principal, Mr Richard Cairns at the distinguished 2026 Education Power List Awards and ‘Best Sixth Form in Britain’ by The Week Independent Schools Guide. We were also delighted to be awarded the ‘Global Building of the Year’ for our recently opened Richard Cairns Building (Performing Arts and Sixth Form Centre) at the prestigious Archello Architecture Awards 2025 ceremony.

Many journalists ask what the secret is to the College’s success, including the rise of Brighton College since its rather modest position at 147th in the very first Sunday Times table back in 2006. It seems that, for a school in a relatively small city, with half of its catchment area in the sea, to be consistently outperforming schools in London and elsewhere rather baffles observers.

For the College and its staff, the simple answer has always been that pupils perform better if they are happy. The College continues to have an unrelenting focus on creating an environment where this is the norm, and that pupils are their happiest when they are valued and celebrated for who they are – being, as the Principal will often say, a first-class version of themselves, not second-class versions of others.

Great schools are also places where children are inspired outside the classroom as well as in it. As you will read in this report, the co-curricular (sport, music, drama, art etc.) and community service achievements for the past academic year are phenomenal, with the emphasis on participation and enjoyment, as much as on excellence.

More soberly, but just as significant, is the College’s relentless focus on opening young people’s eyes to issues and concerns beyond our gates. One example among many, and more important than ever at a time of growing intolerance in society, is our taking every single Lower Sixth Former to Auschwitz-Birkenau, as we did again this academic year. It is the most powerful way of explaining to young people that what may be justified by some as minor or defensible acts of discrimination, if allowed to go unchecked, can have the most terrible consequences.

Our international school group also continues to grow and thrive, building on the success and ethos behind Brighton College which is evolving into a world class education brand. As at September 2025, there were eight Brighton College schools open with partners around the world: three in the UAE (Abu Dhabi, Al Ain and Dubai), one in Singapore, one in Vietnam (Hanoi) and with the opening in August 2025 of a second school, we now have two in Thailand (Bangkok). Additionally, in London, Brighton College Prep Kensington operates under the same partner as the school in Singapore. New Brighton College schools in Lisbon, Rome and Madrid have also recently been announced. We are extremely proud that for two years in a row we have won the British International School of the Year Award (Brighton College Al Ain in 2025, and Brighton College Bangkok in 2024).

You will all be aware of the significant financial strain that the independent school sector is under, particularly for those schools like Brighton who have provided transitional price support following the introduction of VAT on school fees and that are also bearing material cost increases from National Insurance rises and loss of business rates relief. This “triple whammy” has been a hard blow for the sector, with many schools faced with closure, merger or reducing their provision for pupils to save costs.

Thankfully, Brighton College remains in a strong position to manage this financial turbulence – the school’s ability to provide generous price support to parents and keep our service level so high has been enabled, in large part, by our efforts over the last decade to diversify our income with the growth of the international schools.

The final word must go to thanking our parents for putting their trust in us when choosing to send their children to Brighton College – it remains my strong conviction that educating your child at Brighton College will enable them to be as well-equipped as any to face an increasingly uncertain world, and with a full appreciation of the advantages they have gained by being here at the College.

Francis Maude The Right Hon. Lord Maude of Horsham, Chair of Governors

4

BRIGHTON COLLEGE

GOVERNORS’ REPORT

FOR THE YEAR ENDED 31 JULY 2025

I: KEY ACHIEVEMENTS and ACTIVITIES for the YEAR ENDED 31 JULY 2025

ACTIVITIES

Brighton College is one of the leading independent schools in Britain, providing education from two sites in Brighton. In the year to 31 July 2025, the College educated on average 1,787 pupils aged 3 to 18 (2024: 1,749). The other local members of the Brighton College Family, St Christopher’s (Hove) and Brighton College Handcross Park, BCPH, (Handcross, West Sussex) respectively educated on average 239 (2024: 274) and 434 (2024: 415) children aged between 2 and 13.

The College delivers outstanding education with a unique curricular and co-curricular programme for pupils who are fortunate to use some of the best facilities in the UK from world class laboratories to a premium theatre and performing arts centre. The academic performance of the pupils this year again resulted in the College being awarded the top co-educational school in the UK for academic results per the Sunday Times. Pastorally, the College delivers a warm and kind environment and ensures its boarding facilities are genuinely a home away from home. As per our most recent inspection, the ISI inspectors conferred on the College two significant strengths: an enriching curriculum that delivers curiosity and confidence; and a genuine culture of kindness that leads to children attaining their aspirations.

As a result of the esteem in which it is held, demand for College day and boarding places remains high.

KEY ACHIEVEMENTS

Giving back to our community

Top co-educational school for results and premium university places

Future proofing the Group

5

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

KEY ACHIEVEMENTS (Continued)

are now being taught on the main College site and the Pre-Prep site until the new combined (Nursery to Year 6) Prep School is complete.

Wellbeing for pupils and staff

Employee Engagement

Recognising that awareness of strategy and direction and an ability to influence these also contributes to staff wellbeing, the College continues to prioritise employee engagement and values feedback from all employees. Communication includes:

External acclaim and awards

6

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

KEY ACHIEVEMENTS (Continued)

Finalisation of the College Masterplan and next steps for the Prep School

Expansion of the Brighton College family of schools

In addition to the existing Brighton Colleges that operate in the Middle East and Asia, the expansion programme saw:

The income received from Brighton College schools overseas flows to Brighton College in the UK to support the school’s important social mobility programme, its charitable areas of public benefit, improvements in education for the UK and international schools and ongoing leadership development and training programmes for staff in both the UK and Brighton College International.

7

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

II: GOVERNANCE, STRUCTURE AND MANAGEMENT

CONSTITUTION

Brighton College (“the College”) was founded in 1845, formally constituted in 1846 and was incorporated under the Companies Acts 1862 and 1867 with limited liability on 18 September 1873, the word “Limited” being omitted by Licence of the Board of Trade. Its company number is 7663. The company is a registered charity, number 307061. The charity is governed by Articles last amended on 19 June 2018.

The objects of the charity as set out in its Articles are to advance the education of children by providing and maintaining schools or colleges, and in particular Brighton College (established in 1846), and providing thereby a sound religious, classical, mathematical and general education, in conformity with the doctrines of the Church of England.

AIMS

The Board’s aspirations, which further the charity’s purposes for the public benefit and have due regard to the Charity Commission guidance, are:

As an educator, Brighton College seeks to impart or provide:

GOVERNORS

Brighton College Governors are also Charity Trustees and Directors of Brighton College. The College Articles state that the Board of Governors (“the Board”) must consist of between eleven and twenty individuals, all of whom must be members.

The governors who served between 1 August 2024 and the date of these accounts were:

Ms M Asmar LLB Φ * ¥ (retired 5 June 2025) The Right Hon. Lord Maude of Horsham α Ω (Chair) Mr J Bushell MA Dip Arch RIBA § Lady Maude π § * χ ¥ Ms V Byrne LLB α, π Mr A S Pettitt MA (Oxon) Mr A Cayley CMG KC LLB LLM Φ Ϛ Mr R T Ricci FSA # µ Ω α Mrs J Deslandes OBE BEd MA α β * Ω ¥ Mr M Templeman MA α Ms A Fleming (appointed 9 October 2025) Mr A Underwood BA α # Ω ¥ Ms L Gibson β Mr A Wagenberg # µ (appointed 22 November 2024) Mr R Hannington BSc FRICS § ¥ Mr P C Ward BEd FRSA Φ β π (retired 22 November 2024) Mrs L Harris (appointed 29 September 2025) Mr R J S Weir MA (Cantab) FCA α Ω # µ § Mr WHP Jackson MA (Oxon) # µ

α Nominations and Governance Committee * Safeguarding and Pastoral Committee Ω Remuneration Committee β Education Committee § Development Committee ¥ Senior School Committee # Finance Committee π Prep Schools Committee µ Investment Committee χ Governor representative for Boarding

Φ Risk, Health & Safety and Compliance Committee

Ϛ Link Governor for London Academy of Excellence

8

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

GOVERNANCE, STRUCTURE AND MANAGEMENT (Continued)

In addition to their roles on committees, a number of governors are also board directors of the subsidiaries of the College.

The Board would like to record its gratitude to all the governors who contribute significantly to the strategy, life and welfare of the College and, in particular, to retiring governor Martina Asmar, who during her tenure oversaw and helped improve many critical areas of College life, including safeguarding, welfare, risk, compliance and health and safety.

Honorary Officials of the College

The Articles provide for the appointment of honorary officials. The members of the College in accordance with the Articles conferred the following appointments. Those who were honorary officials during the year and to the date of these accounts were:

President

Lord Soames of Fletching

President
Lord Soames of Fletching
Vice Presidents
Lady M Alexander LLB, MA S J Cockburn MA, FRGS C J Connor CBE
K Ives R F Jones Dip MS IPFA The Lord J Mogg KCMG
D A Nelson-Smith MA (Cantab) R J Seabrook KC S G R Smith BA, FRSA
C E M Snell I J White FRICS Dato’M S K Yeoh

GROUP STRUCTURE

The Group during the year comprised Brighton College and six wholly owned or controlled subsidiaries:

The College is corporate trustee of:

9

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

GOVERNANCE, STRUCTURE AND MANAGEMENT (Continued)

As the Board controls the assets of these charities (together “the Scholarship Fund”) their income, expenditure and assets are consolidated in these accounts. The Scholarship Fund supports scholarships and bursaries for children coming to the College.

Governing Body

Brighton College has a corporate governance structure that acts in a self-regulating capacity. The College is governed in accordance with its Articles by the Board of Governors.

The Brighton College Governors, as the Trustees of the charity, are legally responsible for the overall management and control of the College, comprising Brighton College and Brighton College Prep School (“BCPS”, which includes the Nursery and PrePrep school). The Board meets each term and is responsible for: determining the aims and overall conduct of the Group headed by the College and to ensure the College meets its charitable objects and complies with its public benefit responsibility. The Board monitors the implementation of strategy; determines the appropriate control environment; recruits key staff; approves key College policies; and oversees safeguarding and boarding. In order to meet its obligations, the Board has set up sub-committees to focus on key areas of the College’s life and make recommendations to the Board. These comprise:

10

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

GOVERNANCE, STRUCTURE AND MANAGEMENT (Continued)

There are governors of Brighton College on the boards of key subsidiaries: St Christopher’s, Hove; Newells School Trust Limited; Brighton College International Schools Limited; and Brighton College Services Limited.

The Principal was a director of Brighton College International Schools Limited and the Principal and Group Chief Operating Officer (“Group COO”) were directors of Brighton College Services Limited during the year. The Group COO is the chair of the board of Brighton College Hong Kong Charitable Foundation Limited. Senior staff members sit on the boards of St Christopher’s, Hove and Newells School Trust Ltd.

The Remuneration Committee and Board of Brighton College Services Limited meet annually or more often if necessary. The Board, subsidiary boards and other committees all meet at least termly.

Governor recruitment

The present members of the Governing Body were chosen for their interest in education and their knowledge and experience in fields which support and advance the College’s strategy including independent and maintained sector education, law, facility development, finance, fundraising, commerce and investment.

The Nominations and Governance Committee has overseen succession planning exercises in each of the last five years to identify new governors and committee members who can help the Group continue to progress in the medium and longer term.

Governor induction and ongoing training

All governors have access to a comprehensive governors’ website which includes: a) standing information about the College including the Articles and committee terms of reference, signposting to key policies, and insurance information; b) information for new governors; c) latest committee minutes and inspection reports; d) links to other helpful sites including those of the Charity Commission, the Independent School Inspectorate and the Association of Governing Bodies for Independent Schools (AGBIS); and e) safeguarding training material.

On appointment, governors are provided with an induction checklist to help them ensure they are aware of all that is expected, and they are offered opportunities to meet with governor and senior management team mentors.

Time is set aside (at Board meetings and in separate strategy meetings) to consider key aspects of the medium and long term strategy of the College and the wider Group. Governors are also made aware by the Clerk to the Governors of external training days run by AGBIS and other sector bodies. Briefings by senior management to committees and the Board ensure relevant governors are kept abreast of new legislation and the auditor annually updates the Finance Committee with accounting matters which may affect the College.

Governor involvement in College life

The governors help guide and support specific aspects of the College’s life via the Board, committees and strategy sessions.

Governors approve the key College-wide, Senior School and Prep School policies on an annual or triennial basis, dependent on the policy. Every term, in addition to the specific Safeguarding and Pastoral Committee considering the area in detail, the Senior School Committee and Prep School Committee have an opportunity to ask detailed questions of the relevant school’s Designated Safeguarding Lead (DSL). Key safeguarding items are also discussed at the Board with the College DSL. The governor in charge of safeguarding is contacted as and when any new concerns arise and when prior concerns result in actions or are resolved. The governor who oversees staff welfare corresponds with the designated staff representative.

Governors are invited to attend College productions throughout the year and are encouraged to attend a pupil shadowing day to help them appreciate what being a pupil at the College is really like. This includes involvement in the subsidiary schools by governors who are board members for those schools.

Governor retirement

Governors are initially appointed for a minimum two-year term. One third of the governors must retire at the first meeting of the Board of Governors to be held each academic year with those longest in office retiring first and a governor who so retires is eligible for re-appointment.

11

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

GOVERNANCE, STRUCTURE AND MANAGEMENT (Continued)

MANAGEMENT

The day to day running of the Group is delegated to the Principal, Vice-Principal and Group COO. The day to day running of the Senior School and Prep School is overseen by the Head Master of the Senior School, Second Master of the Senior School, Headmaster of the Prep School, Bursar and Director of Operations. One or more of these executives attend all committee and Board meetings. The running of the subsidiary companies is through their boards which report to the Board.

Financial integrity and rigour is ensured by having suitably qualified individuals on the Finance and Investment Committees. The Finance Committee receives reports from the external auditor on the control environment and receives termly reports from the Bursar on the financial state of the College. The Finance Committee scrutinises and recommends the annual budget to the Board and considers management accounts termly with any variances to budget explained by the Bursar. The Bursar reviews management accounts produced monthly with variances analysed and explained by the Head of Finance.

The College actively supports the attainment of the highest standards in the Independent Schools sector using regular updates from sector bodies, monitoring best practice at other major schools, utilising peer group studies and identifying and sharing best practice within the wider Brighton College family of schools in the UK and overseas.

Charity Governance Code

The governors acknowledge and endorse the application of the Charity Code of Good Governance. The Code has been reviewed by the Board and actions taken to improve governance in areas where the governors felt the College and wider stakeholders would benefit.

Subsidiary organisational structures and risk management

Brighton College International

Brighton College International Schools Ltd, which trades as Brighton College International (BCI), is a separate legal entity whose entire share capital is owned by the College. BCI’s board is chaired by the Chair of the main Board, meets termly and reports into the main Board. The Chief Executive of BCI is a member of the Group Executive that meets weekly on operational and strategic matters. The Head of Finance and Legal for BCI produces an annual budget and monthly management accounts and reports monthly to the Chief Executive of BCI and through them termly to the BCI board.

Brighton College schools set up in other countries have their own boards of governors and/or senior management team members which contain up to three representatives of Brighton College in the UK. These representatives include governors and/or senior management team members of the College. The senior executive team within BCI and designated College senior staff help to ensure the schools overseas are authentic to Brighton College UK by advising on the initial setting up activity for the schools and ongoing monitoring. Collaboration between all members of the Brighton College family of schools is facilitated with an annual conference for the Heads to consider key areas, and with BCI and College staff carrying out regular assessments.

BCI advises external school developers and operators – there is no financial commitment from the College to new ventures. Risk management for BCI includes ensuring that potential partners share Brighton College’s aspirations for providing the very best education and pastoral welfare; ensuring potential partners are aware of anti-bribery and anti-slavery legislation and the other high standards expected by Brighton College; ensuring schools are set up in areas where demand for British independent education appears sustainable and where it appears safe for teachers to teach; and ensuring that the pace of opening schools does not conflict with delivering the best education in Brighton College UK and other Brighton College schools already in existence.

Brighton College Services

Brighton College Services Limited (BCS) is a separate legal entity whose entire share capital is owned by the College. BCS has its own board, chaired by a main Board governor, which meets annually and reports to the main Board.

BCS focuses on the operational running of the After School Clubs and Holiday Clubs and the hire of the College estate to groups in the holidays, evenings and at weekends. The BCS manager meets with the Bursar regularly to discuss strategy, after school club demand, facility letting demand, pricing, staffing and ad hoc demands.

12

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

GOVERNANCE, STRUCTURE AND MANAGEMENT (Continued)

The risks to BCS include having insufficient demand for hiring the estate, which is mitigated by having suitable contracts in place with third party hirers and working closely with any hirers who themselves market the College and helping them promote their services at the College effectively.

St Christopher’s School, Hove and Newells School Trust (which traded through the period as Handcross Park School)

Both schools are separate companies and are subsidiaries because their board membership is controlled by Brighton College. Both school boards are chaired by College main Board governors who report to the main Board termly. Both schools have their own relevant sub-committees.

The main risks which face these schools include those facing any prep school and include: attracting the right calibre of teaching staff; providing a meaningful curriculum; ensuring the schools are run safely and efficiently; and ensuring there is sustainable parental demand at the fee level charged. Good appointments to the roles of Head in both schools and collaboration with each other and Brighton College keep the curriculum innovative and help attract both teachers and parents. Brighton College also provides advice to both schools on support areas including marketing, human resources, health and safety and development. The schools come together to receive common training on safeguarding matters and to consider compliance within the Compliance Committee.

Brighton College Hong Kong Charitable Foundation Limited

Brighton College Hong Kong Charitable Foundation Limited is a private limited company owned by the College enabling parents in Asia to pay donations more easily in aid of College philanthropy. The principal risks are: restricted donations not being applied for the purposes for which they are given; and exchange rate risk given the income is in Hong Kong dollars and College spending is largely in pounds sterling.

The first risk is mitigated by using the same principles and systems for capturing restricted donations as are used by the College; and the second is mitigated by conversion from local currency to pounds sterling shortly after the donations have been made (retaining any amounts in local currency to satisfy any foundation expenses). The foundation is audited and company secretarial services provided locally by a company specialising in the area.

Brighton College Scholarship, Bursary and Prize Endowments ( The Scholarship Fund)

The College is sole trustee of the Scholarship Fund, a separate collection of trusts that provide scholarship and bursary support to College pupils. The principal risks are: inadequate separation of assets from those held by the College on its own behalf; and diminution in the value of the assets under management (from poor investment returns or inadequate care of property owned by the Scholarship Fund). The first risk is addressed by having a suitable accounts system and regime in place which is considered annually by an auditor or independent reviewer. Diminution risk is addressed partly by having clear terms of reference for the Investment Committee that oversees investment decisions that covers qualifications of members comprising a quorum when appointing external investment management companies or when direct investment or divestment decisions are made, a clear framework for strategic and tactical asset allocation and termly reporting to the Board; and partly through having property insurance in place and a suitable maintenance regime, additional assurance being provided by regular valuations and rent reviews by an independent accredited surveyor.

13

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

III: PUBLIC BENEFIT

The provision of public benefit is a charitable requirement for the College. Some examples of the programmes and activities supporting public benefit during the year ended 31 July 2025 are highlighted below.

Grant making policy

The College awarded 978 scholarships and bursaries worth £3.1m (2024: 923 awards worth £3.0m) of which £0.7m relates to the ‘Opening Doors’ fully funded Sixth Form bursary programme launched in September 2020 for pupils in local families facing significant disadvantage. As a result of the war in Ukraine, the College launched a scholarship scheme in 2022 to support Ukrainian refugees displaced by the war. Over the last few years, the College has awarded free day places to some children from Ukraine who are residing in the Brighton and Hove area as refugees, with the current year support worth £0.4m. In some cases, with the generous support of parents and donors, local accommodation for pupils and their families was also provided.

St Christopher’s and Handcross Park awarded scholarships, bursaries and other support worth a further £0.8m (2024: £0.6m), giving total Group support of £3.9m (2024: £3.6m). In addition, the Group provides a number of other types of remission, including support to enable children of parents with more than one child to come to the College. In aggregate, fee remission for the year to 31 July 2025 was £6.1m (2024: £5.5m), making the College one of the most generous leading schools in the UK.

The College also offered transitional price support for those parents whose school fees were bearing VAT for the first time from January 2025.

The College advertises on its website, in various publications and by visiting local schools the fact that means tested bursaries are available. In order to help provide such support, the College benefits from the generosity of a thriving network of Old Brightonians and parental donors whose support for children is greatly appreciated.

Volunteering

Brighton College pupils and staff raise funds and this year contributed 75,000 hours alongside their enthusiasm and skills to help charities, community projects and areas of need nationally and worldwide. College staff and pupils also provide enrichment days for other local schools and the education of local children either by visiting their schools or hosting them at the College.

College activities:

• Make a Difference Day (MADD)

For Make a Difference Day in Michaelmas Term 2024, the College pupils revisited a number of prior projects, to build on earlier work: including projects at Whitehawk FC and Hove RFC. New placements began at local primary schools including St Mark’s and Moulsecoomb ensuring that College pupils make a positive difference both to our neighbourhood but, more importantly, to other local children.

• Social /Educational Outreach

It has been another successful year for community partnerships and meaningful outreach projects within our local Kemptown and Whitehawk communities. Projects have ranged from pupils facilitating sensory creative sessions with residents at Patching Lodge, to wholesome conversations along with tea and cakes with neighbours at St Mary’s Church, to playing games and discussions with residents at Evelyn Glennie Court. The College pupils welcomed all those involved, along with our neighbours and friends to the annual Christmas and Summer Celebration events.

• Environment and Sustainability

A Sustainability Strategy was published, with significant input from pupils, staff, parents and governors. It covers the period 2024-2040 and includes six themes (energy, water, circular economy, food, travel and biodiversity), each with their own ambitious long-term targets and short-term goals.

Key events for the year included Green Week and Car Free Days, and the College’s Ecoschools programme was awarded a Distinction for the second year in a row. Further, following Travel Surveys with staff and pupils, new initiatives were launched including free Home to School bus travel for the younger aged pupils, to further support reduced traffic around the school.

• Educational Outreach Pelican Primary Club: Our support of and engagement with local Primary schools in the surrounding area is hugely important and an area of significant potential. Pupils from more than 12 local primary schools and the home-schooling community took

14

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

PUBLIC BENEFIT (Continued)

part in 10 free after school clubs, run by our Lower Sixth pupils, ranging from the ever-popular coding to dance and science. The College had over 35 pupils regularly attending and hope to expand this next year.

Events: The College were delighted to host the entire pupil body of Queen’s Park School and their parents on-site for their sports day in June 2025, as well as for their Year 5 production in the Richard Cairns Theatre. Brighton College pupils are now involved in regular gardening activities at St Mark's Primary school as part of Beyond Brighton. Many St Mark’s pupils take part in the Pelican Primary clubs on Wednesday afternoons and the College hosts year 5 pupils for dynamic and exciting science ‘Lessons in a box’ to enrich and inspire.

Syrian refugees : Brighton College continued its provision of classrooms and a space for the Syrian refugee community to teach, learn and connect on Sunday afternoons. The sessions are highly valued and very well supported, giving children the chance to continue learning their language and connecting with each other.

• Charities

Pupils raised over £113,000 this year for a number of charities. The College community has rowed, run, auctioned, and baked their way through a remarkable season of fundraising. Head’s House pupils rowed their way to £5,000 for MNDA, while New House hosted an auction in aid of Great Ormond Street Hospital. Williams raised over £5,500 with a fundraising dinner, Durnford tackled a 10K run for Amaze, and Abraham ran a half marathon for Crisis, a handful of examples from a fantastic year.

Brighton College Prep School (BCPS) activities:

Foodbank

BCPS has continued its collaboration with Whitehawk Foodbank, collecting both food and monetary donations to support the local community.

Make A Difference Day (MADD)

MADD showcased a range of meaningful activities across year groups, emphasising community service and social responsibility.

Sports Outreach

BCPS has continued to support local sports initiatives; many pupils visited, and will frequent, the new Queen's Park Junior Parkrun. BCPS has also continued to support the Brighton and Hove Schools Primary Football Association by providing monies to part-fund the rental of regional facilities for competitions.

BCPS hosted four local primary schools for a multi-sport festival, showcasing teamwork and enthusiasm across netball, hockey, basketball, and tag rugby in a vibrant, engaging atmosphere.

House Charities

The commitment to supporting charities has remained strong at BCPS, with each House backing causes and hosting events such as House Teas and barbecues. The Houses made the following donations in the year through their fundraising activities:

15

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

PUBLIC BENEFIT (Continued)

St. George’s House: Pelican Parcels - £4,425 St. Andrew’s House: World Wildlife Fund - £4,505 St. David’s House: Rockinghorse Children’s Charity - £4,625 St. Patrick’s House: Children with Cancer UK - £4,733

London Academy of Excellence

London Academy of Excellence (LAE) is a Sixth Form college in Newham, set up under the previous Government's free schools’ programme. It was the vision of Richard Cairns (at the time, Brighton College Head Master) and Joan Deslandes (Brighton College Governor and Head Teacher of Kingsford Community School) to improve the life choices of disadvantaged children and help them secure places at top universities.

The Academy is now one of the best performing sixth form schools in the country and a beacon of progressive education and social mobility internationally. LAE achieves a unique combination of exceptional academic standards and positive social impact. The percentage of pupils joining the school from under-resourced homes far exceeds the national average, particularly at this phase of education. Those same pupils and their peers progress to the most competitive universities and degree-level apprenticeships in the UK and around the world in greater numbers than from almost any comparable school.

The school has become hugely aspirational, with over 6,000 pupils applying for the c250 places on offer each year. As LAE staff and pupils have visited and worked with other secondary schools in Newham and surrounding boroughs, local younger pupils have been inspired as they now see a clear route that connects good GCSE results to future opportunities.

Priority is given to pupils on free school meals and the vast majority of pupils are from the seven East London boroughs, particularly Newham and Tower Hamlets, two boroughs with high rates of child poverty – most pupils are from families with no prior experience of higher education.

In June 2025, pupils achieved excellent results in their external exams, returning A-Level results with 30% grades at A, 67% of all grades at A-A and 91% at A*-B. The LAE has won a number of awards: it was the first free school in the country to be named ‘The Sunday Times Sixth-form College of the Year' and was the first primarily state-funded school in the world admitted to the World Leading Schools Association.

In 2011/12, prior to LAE’s establishment, only 330 sixth formers took A levels in Newham, fewer than 40 went on to Russell Group universities and just three went to Oxford or Cambridge. In 2025, LAE pupils made 240 UCAS applications with 100% securing a place at a Russell Group university, a medical school or a degree apprenticeship. Of these, 180 pupils took up Russell Group places including 17 at Oxford or Cambridge and 28 went on to medicine, veterinary and dentistry places. Ten pupils went into highly competitive degree level apprenticeships including with Jaguar, Land Rover, Shell, the Financial Conduct Authority, PwC, KPMG, BDO, Grant Thornton and White & Case. Since its initial cohort left in 2014, LAE has sent around 2,000 pupils to Russell Group universities, around 320 to study medicine, dentistry or veterinary science and about 220 to Oxford or Cambridge. Some pupils have gone on to Ivy League colleges.

In its support of LAE this year, Brighton College provided three board governors and six committee members (covering areas of Education, Finance, Fundraising, Governance, Remuneration and Compliance) and continued with its exchange programme. Each year, the College’s Lower Sixth host the 80 Lower Sixth pupils from LAE who are in Brighton House: the most recent visit saw a ride in the i360, beach time, advice from College staff on future university and career ambitions, and Catalyst lectures focusing on Taiwan and Global Politics, which encouraged both critical thinking and a heated debate. LAE pupils host their Brighton counterparts in Stratford, visiting the Queen Elizabeth Park, where the Olympic stadium, Velodrome and Copper Box Arena are used by LAE for its co-curricular programme.

Partnerships with leading commercial organizations and philanthropic support are key to the school’s ability to offer pupils an experience well beyond the norm at this phase of education. To that end, Brighton College promotes the Friends of LAE scheme — Friends are donors who help bridge the gap between Government funding and the true cost to LAE of high-quality A level teaching, a supportive pastoral environment, co-curricular opportunities, careers support and university familiarisation trips. Both LAE and Brighton College record their huge thanks for the generosity of the Friends of LAE and to Latham and Watkins, a leading international law firm who provide both sponsorship and a professional mentor for each pupil.

16

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

PUBLIC BENEFIT (Continued)

From September 2026, the LAE will occupy a new, purpose-built site on Stratford High Street. The government’s investment in this new space is testament to LAE’s success. The new school building, extending over eight floors, is equipped with excellent spaces for teaching and learning, modern science laboratories, an IT suite, a lecture theatre, a well-equipped school library, music practice rooms, an extensive school canteen and substantial supervised study spaces. The current pupil roll of 500 will grow to 750 by 2028 to match the capacity of the new school building.

A second London Academy of Excellence opened in September 2017 in Tottenham under the leadership of one of the LAE partners, Highgate School, and with the support of the first LAE. Further, in partnership with the Laidlaw Schools Trust, the LAE is supporting a venture to deliver a rigorous academic programme to children in the North East of England – centred on Durham, Newcastle and Sunderland.

17

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

IV: ENERGY AND SUSTAINABILITY

The College is reporting its gross Greenhouse Gas (GHG) emissions under the Streamlined Energy and Carbon Reporting (SECR) guidelines. These are calculated using the latest UK Government GHG emission conversion factors and follow the GHG Reporting Protocol methodology.

The College’s energy usage and emissions for the year ended 31 July 2025 were as follows:

Year to July 2025 Year to July 2024
On site energy use in kWh 8,966,145 8,001,752 (+12-1%)
Associated GHG emissions in CO2/tonnes* 1,894 1,694 (+11.8%)
Intensity Ratio (CO2/tonnes per £1m revenue**) 33.97 32.09
(+ 5.8%)
Intensity Ratio per pupil*** 1.06

*Using latest Government GHG Carbon Reporting Factors for the two years to 31 July 2025

**Income from Brighton College’s charitable activities only

*** New metric for 2025, with reference to Brighton College pupils only

Energy efficiency and sustainability measures

After a number of consecutive years of declining carbon emissions, Brighton College’s energy consumption and associated emissions saw an increase in 2024/25. Annual figures for both metrics increased, driven by the opening of new facilities including the Richard Cairns Building. Given the College’s revenue from charitable activities also increased, the relative increase in the intensity ratio was not as high.

While this is in contrast with the trend observed in previous years, the change can be attributed to specific operational changes and does not reflect a shift in the College’s commitment to emissions reduction. For example, partly on its own account and partly in response to an agreement now in place with the local Council, the College is hosting more events for the wider community on its site, which inevitably come with a carbon cost.

The main drivers for this reporting period’s electric energy consumption increases are:

Separately for gas and fuel energy consumption, there has been a combination of increased operational needs due to more events and pupil activity across the College, and a push towards encouraging more pupils to use the College-operated minibuses rather than parents driving them to school. For the benefit of Brighton and the wider world, there is a net carbon reduction as a result of lowering parental traffic but the College’s own carbon footprint naturally increases.

A new intensity ratio metric has been added to this year’s report, which shows carbon emissions per pupil. This is in line with the reporting requirements of the College’s Sustainability Strategy and will allow for annual comparisons based on the size of the pupil body going forward.

A Sustainability Strategy was published, with significant input from pupils, staff, parents and governors. It covers the period 2024-2040 and includes six themes (energy, water, circular economy, food, travel and biodiversity), each with their own ambitious long term targets and short-term goals.

The following energy efficiency and sustainability measures were implemented during the academic year 2024/25:

18

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

ENERGY AND SUSTAINABILITY (Continued)

19

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

V: CO-CURRICULAR HIGHLIGHTS FOR THE YEAR ENDED JULY 2025

a) Sport

Key highlights in the College:

This was another excellent year of first-class sporting achievements by pupils at the College, with highlights as below:

Athletics:

Basketball:

Cricket:

Cross Country:

Fencing:

Football:

Hockey:

Netball:

Rugby:

Swimming:

20

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

CO-CURRICULAR HIGHLIGHTS FOR THE YEAR ENDED JULY 2025 (Continued)

Tennis:

Key highlights at BCPS:

1059 sports fixtures were played during the academic year, including pupils from Year 3 to Year 8. All BCPS pupils enjoyed regular lessons, matches and House competitions with the year culminating in a well-attended and live-streamed sports day. The Year 7 & 8 Prep and Lower School cohort formally combined for all fixtures and tournament except for IAPS competitions.

Rugby:

U13A boys’ team competed in the Sussex Cup.

U11A boys’ team came runners-up in the BC Pelican Cup.

Netball:

U12A team finished 4th in the IAPS National Finals hosted by Millfield School.

Football:

U11A boys’ team finished 3[rd] in BC Pelican Cup.

U11A girls’ team won the plate at the IAPS Tournament hosted by Bede’s.

Cricket:

U11 boys' team finished 3[rd] in the IAPS Tournament hosted by Ashford Prep School.

Athletics:

Four pupils qualified for the National Prep School Athletics Championships 2025, including one pupil who won the Gold medal U11 100m at the Sussex Athletics Prep Schools Association athletics meet.

Hockey:

U11A girls’ hockey team finished runners-up at UKSA Tournament 2024.

Swimming:

7 pupils qualified in their individual events and 2 relay teams qualified for the IAPS National Swimming Finals at the London Aquatics Centre in Stratford.

Tennis:

U11A girls were Sussex County Champions 2024.

Fencing:

One pupil finished 3[rd] in the U13 IAPS Sabre Tournament and the U14 British National Fencing Championships. He will now represent Great Britain in the European Championships in Istanbul.

Squash:

One pupil won the U9 girls’ category at the British Junior Squash Championships in Sheffield.

Badminton:

One pupil won Bronze in singles and Gold in doubles at the Sussex U11 Badminton Tournament.

Cycling:

One U12 pupil and one U10 pupil won their age categories in the British Cycling National Youth Omnium competitions at Herne Hill and Preston Park.

21

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

CO-CURRICULAR HIGHLIGHTS FOR THE YEAR ENDED JULY 2025 (Continued)

b) Art and Photography

In the College:

In BCPS:

c) Drama

In the College:

What a year it has been for theatre at the College! Our new home in the Cairns Building has enabled the shows to reach new heights of performance, with state-of-the-art facilities and technical wizardry enhancing the experience of all those in the audience.

22

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

CO-CURRICULAR HIGHLIGHTS FOR THE YEAR ENDED JULY 2025 (Continued)

Productions:

New Writing:

Activities and Competitions:

LAMDA:

Community Partnerships:

Higher Education:

23

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

CO-CURRICULAR HIGHLIGHTS FOR THE YEAR ENDED JULY 2025 (Continued)

Mountview, Tisch School of the Arts, LIPA, Italia Conti and the University of California, Berkeley in the last five years is a huge achievement.

At BCPS:

BCPS LAMDA

d) Dance

24

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

CO-CURRICULAR HIGHLIGHTS FOR THE YEAR ENDED JULY 2025 (Continued)

e) Music

In the College:

The Brighton College Music Department has enjoyed a remarkable year, distinguished by creativity, collaboration and outstanding performances across a vibrant calendar of events.

Highlights included the Autumn Concert, Choral Society Concert, Lower School Christmas Concert, Prep School Jazz Day, and the Grand Carol Service, culminating in the Celebration of Film Concert, which featured all senior ensembles. The spirited House Song Competition and the Swing Band’s live accompaniment at Brighton College Strictly Come Dancing brought further excitement to the school community.

The Swing Band headlined the annual Jazz Café, held for the first time in “Lester Square” within the new Richard Cairns Building, and later performed to a packed audience at the Pizza Express Jazz Club in Holborn.

The Summer Soirée in the Sarah Abraham Recital Hall showcased ensembles including the Saxophone Quartet, Brass Ensemble, String Chamber Groups, and Sinfonia Orchestra. Fourteen chamber groups represented the College at the Pro Corda Chamber Music Competition, where the Saxophone Quartet emerged as overall champions.

The Autograph Concert Series welcomed acclaimed artists Collectiva, the Ayoub Sisters, Tenebrae Associate Artists and Apollo Five, who inspired pupils through workshops and evening performances. The Evening of Song recital and the Chamber Choir Evensong at St Paul’s Cathedral and Christ Church, Oxford, further highlighted the College’s exceptional choral talent.

Nearly 200 pupils took part in the Young Musician of the Year Competition, judged by the Ayoub Sisters. The winner performed Haydn’s Cello Concerto in C Major with orchestra as part of the Choral Society Concert, which also featured major works by Rheinberger, Parry, and Coleridge-Taylor. This was also an opportunity for one of our Upper 6th form pupils to showcase his piano concerto composition, a challenging and sophisticated work performed by the Head of Keyboard and conducted by the Director of Music.

Piano opportunities at Brighton College have expanded, offering pupils increased performance experiences, including the tenthanniversary concert of the College’s Fazioli piano in the Sarah Abraham Recital Hall and a dedicated harpsichord recital. At the end of the school year both the Chamber Choir and the Blue Notes jazz ensemble went on a successful tour to Italy, and in particular Lake Garda, performing at many prestigious locations and venues, including the Church of Peter the Apostle, an openair concert in Mantua, Zevio, Verona and the Church of Santa Maria Antica, Verona.

The Music Department extends its sincere gratitude to our 39 Visiting Music Teachers for their exceptional commitment and contribution throughout this remarkable year. Their efforts have enabled the delivery of over 600 individual music lessons, complementing a vibrant programme of more than 30 weekly ensembles and 5 choirs.

In BCPS:

25

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

CO-CURRICULAR HIGHLIGHTS FOR THE YEAR ENDED JULY 2025 (Continued)

f) Combined Cadet Force

The CCF continued its training this year with 197 cadets on parade each week: 129 in the Army Section, 20 in the Royal Navy Section, and 48 in the RAF Section.

During the summer, all three Services of the Lower Fifth Form attended a joint Adventure Training Camp at Halton Camp, Lancaster, where cadets took part in canyoning, caving, climbing, abseiling, and ghyll-scrambling.

All cadets also participated in a series of inter-section competitions, including bucketball, first aid scenarios, water polo, the field gun run, leadership tasks, and drill and turnout. These events developed teamwork, leadership, and friendly competition across the three Services.

Army

The Army Section continued to provide a range of training opportunities focused on developing leadership, fieldcraft, and first aid skills.

Upper Fifth cadets completed an overnight exercise involving sleeping under poncho shelters, setting up harbour areas, navigation, and reconnaissance practice. The training concluded with section attacks and blank firing exercises led by Senior NCOs from the Upper and Lower Sixth.

The Section attended Longmoor Camp for a day on the 25-metre outdoor range, giving cadets experience in weapon handling. Lower Fifth cadets took part in activities including archery, laser combat, camouflage and concealment, shelter building, cooking in the field, and orienteering at Pippingford Park. They also developed basic military fieldcraft skills to support future training.

RAF

All cadets had the opportunity to take part in flying and gliding days during the year. Cadets attended both the Royal International Air Tattoo and the National Aerospace Camp, gaining insight into aviation and aerospace operations. Cadets also visited USAF Lakenheath, where they viewed F-35 aircraft and met personnel working with them.

Fieldcraft and overnight exercises were held at Pippingford Park alongside the Army, and synthetic flight training was completed using the flight simulator, followed by a flying competition.

Lower Fifth cadets completed their First-Class classification and took part in leadership tasks, radio exercises, and space training, with many achieving their Blue Radio qualification.

Upper Sixth cadets were again selected to attend the Royal International Air Tattoo, where they met pilots and observed modern military aircraft in operation.

Royal Navy

Royal Navy cadets received instruction in first aid, Royal Navy History, and navigation.

Field Days at Hove Lagoon provided opportunities to develop core water skills. The Section also visited HMNB Portsmouth, where cadets received training in firefighting on naval vessels and practised extinguishing fires. Cadets wore full firefighting gear and took part in a time trial to test how quickly they could kit up to the operational standards of Navy firefighters.

Cadets also participated in kayaking, a day of water-based activities, and coastal yacht sailing to apply classroom learning in practical settings.

A Field Gun was purchased for the Contingent this year, and all sections had the opportunity to train with it. The gun was later taken to summer camp for the finale of the inter-section competition.

g) Duke of Edinburgh

In September 2024, 105 pupils began the Duke of Edinburgh Bronze Award, a further 45 started Silver, and 20 pupils embarked on the final challenge of the Gold Award. The Bronze Lower Fifth Field Days saw 15 groups plan routes of 12–14 km around

26

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

CO-CURRICULAR HIGHLIGHTS FOR THE YEAR ENDED JULY 2025 (Continued)

the South Downs, exploring areas near Devil’s Dyke and the Cuckmere Valley. Silver Upper Fifth pupils completed their Field Days around Devil’s Dyke and on an orienteering course in the Ashdown Forest.

During the October half-term, around 65 pupils undertook a three-day practice expedition in the New Forest, covering 40 km (Silver) or 45 km (Gold). Although not as wet as the previous year, the trip still proved demanding, with pupils learning valuable lessons about staying warm during the colder nights.

The summer expeditions saw more than 170 pupils across 24 groups complete their qualifying expeditions for all three awards. Brighton College recorded its highest-ever number of passes in a single year, with Bronze success rates reaching around 95%.

Weekly DofE sessions further prepare pupils for their expeditions. Here, they practise essential skills such as pitching tents, completing first aid training, and mastering campcraft, including cooking on a Trangia stove. Brighton College continues to be one of the strongest Duke of Edinburgh centres in the South East, achieving an impressive completion rate of over 85% last year, and also with one of the largest intakes across all three Award levels.

However, the Duke of Edinburgh Award is about far more than expeditions. Every pupil must commit to one hour per week of a chosen skill and one hour of physical activity. Skills range from jewellery making to guitar or singing, while physical activities include weekend team sports such as netball, hockey, rugby, and football, as well as individual pursuits like cycling, swimming, and running.

Volunteering—often the most meaningful section of the Award—requires pupils to give a minimum of one hour each week. Pupils supported a wide range of local initiatives, from helping at Parkrun events and local schools to participating in environmental projects and volunteering in care homes. Across all Award levels, this contributed to more than 3,500 volunteering hours last year.

VI: STRATEGIC OUTLOOK AND RISK MANAGEMENT

Risk Management

The Board is responsible for the consideration and management of the risks faced by the College and any reputational risks that could impact on the College from the wider Group. Consideration of risks is carried out by the Combined Risk, Health & Safety and Compliance Committee. Risks are identified and assessed and controls monitored and updated throughout the year. A formal review of the charity’s risk management process is undertaken on an annual basis, with reporting of the Risk Register to the Board in the Michaelmas term. New risks or those that have changed (or been mitigated) are notified to the Board termly.

The key controls used by the charity include:

The Board is satisfied that the major risks identified by College processes have been mitigated to an acceptable level by internal control systems, insurance cover and other procedures as appropriate. The management team and governors also use advisors where considered necessary in order to mitigate certain risks.

Principal risks and uncertainties

The principal risks and uncertainties for the College and the mitigation strategies in place include the following:

27

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

STRATEGIC OUTLOOK AND RISK MANAGEMENT (Continued)

already, a combination of increased costs and reduced pupil numbers has already led to school closures and mergers in the sector.

Fortunately, the College has built a solid base having established strong demand for its excellent education and having diversified its income away from overdependence on Brighton and Hove by increasing its boarding capacity and establishing Brighton Colleges overseas. As a result, the College remains confident for the future.

Nonetheless, the executive considers downside sensitivity analyses each term and maintains regular and constructive dialogue with its bank to ensure it has the means to continue to deliver its education. The masterplan that has delivered first class facilities and recently approved plans for the combined Prep School and two additional boarding houses will help continue to attract and retain staff of the highest calibre, which in turn will keep parent and pupil demand high.

PLANS FOR FUTURE PERIODS

The following remain areas of key strategic focus:

28

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

STRATEGIC OUTLOOK AND RISK MANAGEMENT (Continued)

• Pupil and Staff

• Economic prudency:

29

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

VII: FINANCIAL REVIEW AND RESULTS FOR THE YEAR

The Board has adopted the format of accounts prescribed by the Charity Commissioners’ Statement of Recommended Practice SORP (FRS102).

The College’s accounts include the results of the year’s trading for the following wholly owned subsidiaries and the charity for which it is sole trustee:

Financial outcome

Group gross fee income from charitable activities increased by 6.1% in line with pupil numbers and fee increases.

Excluding transitional VAT price support as from 1 January 2025, fee support on a like for like basis for parents from the provision of Bursaries and Scholarships increased by 9.7% to £6.1m (2024: £5.5m).

Brighton College International income rose by 16% to £6.2m (2024: £5.3m) due to increased pupil numbers in existing schools, in particular from recently opened schools (in Hanoi, Vietnam and Kensington, London).

Trading income generated by Brighton College Services from hiring the estate and running children’s clubs was broadly static.

Donations income was also up with gifts received and pledged in the year of £2.8m (2024: £2.2m).

Group expenditure rose in line with educational inflation and staff costs remained static as a percentage of total costs at 58.2% (2024: 58.2%), with only a modest increase as a percentage against total income (pre voluntary donations, other trading activities and investment income) at 54.6% (2024: 53.4%), despite these costs reflecting increases associated with remaining in the Teachers’ Pension Scheme (with the full rollover impact of increased employer funding as from April 2024) and the higher National Insurance charges as from April 2025.

The Brighton College Foundation Fund increased by £1.7m through gains on assets held within the fund and this year’s tithe from Group surplus of £1.1m (2024: £1.1m).

The Foundation Fund and the assets held by the separate charity containing the Scholarship Funds are overseen by the Investment Committee and invested in a range of assets in line with long term strategic allocation ranges and short term tactical allocation ranges with an aim of generating a return in the medium term in excess of CPI. The return on assets in the year was 5.3% including no gains or losses on directly held properties (2024: 0.2% including property devaluation) while CPI for the year was 3.9% (2024: 2.2%).

30

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

FINANCIAL REVIEW AND RESULTS FOR THE YEAR (Continued)

There was a decrease in the defined benefit pension scheme deficit in the year of £124k (2024: decrease in deficit of £96k) largely reflecting the excess of the College’s contributions over the scheme’s running costs.

Group net income for the year to 31 July 2025 was £11.3m million (2024: £10.5 million) including the impact of investment gains. Excluding investment gains, Group net income was £10.8m (2024: £9.9 million) which is attributable to a combination of a solid performance by the UK family of schools despite the headwinds of higher costs and potential parental lower demand following Labour’s decision that the UK should be the only country in Europe to levy a tax on its children’s education, and incremental income from Brighton College International’s growing and new schools.

Cash flow from core operating activities of £10.6m (2024: £14.4m) decreased due to normal fluctuations in working capital movements.

The College has always operated a scheme enabling parents to pay school fees in advance. A significant number of parents took advantage of the College’s fees in advance (FIA) scheme during the prior year which resulted in a material cash receipt by the College. As FIA are treated as creditors until utilised, receipts have a modest impact on the College’s net asset position. Fees paid in advance of the prior year end continued to unwind during the current year and new fees in advance have been received ahead of 31 July 2025, in respect of education to be provided in the future.

Capital investment for the year was £5.6m (2024: £20.5m), the majority of which was related to expenditure on initial fees in respect of the Convent site on which two boarding houses will be developed.

Key performance indicators

The College’s key non-financial performance indicators include:

The College’s key financial performance indicators include:

Information on KPIs for Brighton College Prep Handcross and St Christopher’s, Hove is available within their accounts.

Fundraising approach and performance

The College undertakes fundraising activity within its school community (parents, alumni, parents of alumni, past staff) via a number of formats (direct mail, email, telephone, face-to-face approaches, fundraising events, sponsored events/activities, gala dinners). The College’s Fundraising Policy is available on request, key points from which include:

31

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

FINANCIAL REVIEW AND RESULTS FOR THE YEAR (Continued)

In the current and prior year, the charity did not work with any third parties in delivering its fundraising. The College has a training programme for fundraising staff to reinforce its fundraising ethics. No complaints about fundraising were received in the year.

The overall fundraising performance was successful, raising valuable funds in support of the College’s aims.

Investment in staff

The Group employed a net seven new teaching staff this year and a net fourteen new support staff. Of these additional support staff, seven relate to additional roles in the College’s subsidiaries and six are additional minibus driver roles.

The new position of Principal was established ahead of the 2024/25 academic year to enable greater focus on Group strategic matters, with the then Second Master being appointed as Head Master of the College.

The governors are keen for the Brighton College family of schools to both attract and retain the best teaching and key support staff and set salaries and other terms of remuneration in order to try to achieve this. Remuneration for the Group Executive team members is considered annually by the Remuneration Committee. The total amount of remuneration, benefits and pensions paid to key management was £2.9 million (2024: £2.6 million).

Investment in pastoral, co-educational and learning facilities

The College continues to invest significantly in facilities. With the opening of the Richard Cairns Building in April 2024, this marked the end of the College’s fifteen-year masterplan which has seen the addition to the College and Prep of nine new venues (academic, pastoral and co-curricular).

The next phase of investment will be at the Convent site that previously housed the Prep school older year groups. The heritage assets will be refurbished and improved and a contemporary boarding house that complements the conservation area will be added: the campus thus created will have accommodation and pastoral spaces for over 120 boarding pupils and associated boarding staff.

Further, the next stages to enable a single combined Prep site will commence.

At the Group level, the annual investment in improved facilities falls within two categories: capitalised investment which was £5.6m (2024: £20.5 million); and maintenance and refurbishment expenditure which is reflected in full in the year of incurrence in the SOFA of £1.2 million (2024: £1.6 million).

In addition to improving the range and quality of the facilities, there has been significant investment in the last four years following the Covid pandemic to support health and wellbeing initiatives for pupils and staff.

Reserves Policy

At the year end, the Group had reserves totalling £162.5m (2024: £151.4m) of which £8.9m (2024: £9.3m) is restricted. Of this restricted amount, £8.4m (2024: £8.1m) is restricted by virtue of being assets of separate charities over which the College exercises sole trusteeship and £0.5m (2024: £1.2m) has been restricted in line with donors’ wishes. A further £15.8m (2024: £14.0m) has been set aside (designated) by governors into the Brighton College Foundation Fund, the aim of which is to support delivery of the Group’s objects over the medium to long term.

In line with governors’ policy of improving the facilities for all who benefit from access to the Group and as noted above, the Group has over the years invested heavily in the fabric of its buildings, plant and equipment. At 31 July 2025, the net book value of tangible fixed assets amounted to £138.6m (2024: £147.4m), with part of the reduction attributed to how VAT legislation now applies to independent schools post 1[st] January 2025. The College has a revolving credit facility of £27m available until June 2027 to support development projects.

32

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

FINANCIAL REVIEW AND RESULTS FOR THE YEAR (Continued)

The Charity Commission requires trustees to consider free reserves. Free reserves are general reserves less those tangible fixed assets which are not restricted or designated. A policy of facility improvement can result in positive or negative free reserves dependent on the timing of capital projects. At 31 July 2025, the Group had negative free reserves of £0.3m (2024: negative £18.1m).

The governors do not consider that free reserves is an appropriate key performance indicator for operational or strategic purposes but instead aim to maintain sufficient free cash and facility headroom to manage the College in an effective and efficient manner. Governors therefore focus on cash forecasting, available bank facilities and relevant covenants and ratios, reviewing management accounts and regular cash flow forecasts prepared by the Bursar. At the year end, the governors are satisfied that, given current pupil numbers, banking facilities available, budget forecasts and the operating cash flow, the reserves held are appropriate and in line with the longer term strategy of the College.

Notes 17, 18 and 19 provide information on the Unrestricted, Restricted and Foundation funds respectively.

FUNDS HELD AS CUSTODIAN

The Group holds a number of funds on behalf of various associations connected with the activities of the Group, including: house charities; Prep Association; and London Academy of Excellence. The value of such funds is not included in the net assets of the Group.

33

BRIGHTON COLLEGE

GOVERNORS’ REPORT (continued)

FOR THE YEAR ENDED 31 JULY 2025

VIII: CONFIRMATION OF GOVERNORS’ RESPONSIBILITIES

The governors are responsible for preparing the Governors’ Report and the financial statements in accordance with applicable law and regulations.

The governors record their section 172 statement and hereby confirm:

Company law requires the governors to prepare financial statements for each financial year. Under that law, the governors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and Group, and of the result of the charitable company and Group for that year.

In preparing these financial statements, the governors are required to:

The governors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company and Group’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and Group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each of the governors is aware at the time the report is approved:

and signed on its behalf by:

The Rt. Hon Lord Francis Maude of Horsham Chair

34

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

BRIGHTON COLLEGE

AUDITOR’S REPORT

Opinion

We have audited the financial statements of Brighton College for the year ended 31 July 2025 which comprise the Group Statement of Financial Activities, the Group and Charity Balance Sheets, the Group Cash Flow Statement and notes to the financial statements, 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 “Auditor’s 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 UK, 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Governors’ Report incorporating the Strategic 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinions on other matters prescribed by the Companies Act 2006

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

35

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

BRIGHTON COLLEGE (Continued)

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Governors’ Report (which incorporates the strategic report and the directors’ report).

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

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 9, the trustees (who are also the directors of the charitable company for the purposes of company 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 trustees 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 trustees 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 trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s 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 auditor’s 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:

Based on our understanding of the Group and the environment in which it operates, we identified that the principal risks of noncompliance with laws and regulations related to the regulatory requirements of the Charity Commission and the Independent Schools Inspectorate (ISI), and 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 Act 2011, Companies Act 2006 and payroll taxes.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risk was related to risk of improper journals posted to income, other than in relation to income from tuition fees and investments. Audit procedures performed by the engagement team included:

36

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

BRIGHTON COLLEGE (Continued)

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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 Auditor's 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 the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Steve Harper (Senior Statutory Auditor) 10 Queen Street Place For and on behalf of HaysMac LLP, Statutory Auditor London Date: EC4R 1AG 13 March 2026

37

BRIGHTON COLLEGE

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 JULY 2025

Restricted
Unrestricted funds & Endowed Foundation Total Total
School Other Funds Fund Funds Funds
2025 2025 2025 2025 2025 2024
Notes £000 £000 £000 £000 £000 £000
INCOME & ENDOWMENTS FROM:
Charitable activities
School fees 1(a) 64,197 - - - 64,197 60,672
Other educational income 2 2,171 - - - 2,171 2,318
Other ancillary income 2,4 1,983 6,133 - - 8,116 7,069
Voluntary income
Grants and donations 456 - 2,388 - 2,844 2,232
Other trading activities
Non-ancillary trading:
- Trading turnover 4 - 833 - - 833 808
- Rents and lettings 4 - 6 233 - 239 229
Investments
Investment income 3 1,887 73 69 295 2,324 782
------------------------ ------------------------ ------------------------ --------------------- ------------------------ ------------------------
Total income 70,694 7,045 2,690 295 80,724 74,110
EXPENDITURE ON:
Raising funds
Non-ancillary trading - 564 - - 564 475
Financing costs under
advance fee contracts 317 - - - 317 76
Other financing costs 159 4 - 25 188 232
------------------------ ------------------------ ------------------------ --------------------- ------------------------ ------------------------
476 568 - 25 1,069 783
Charitable expenditure
Schools operating costs 65,130 3,019 726 - 68,875 63,417
-------------------------- ------------------------ ------------------------ --------------------- -------------------------- --------------------------
Total expenditure 5,6,7 65,606 3,587 726 25 69,944 64,200
-------------------------- ------------------------ ------------------------ --------------------- -------------------------- --------------------------
Net income before transfers 5,088 3,458 1,964 270 10,780 9,910
and investment gains
Investment gains 10 - - 140 358 498 638
-------------------------- ------------------------ ------------------------ --------------------- -------------------------- --------------------------
Net Income 5,088 3,458 2,104 628 11,278 10,548
Derivative fair value loss 11 (212) - - - (212) (463)
Pension scheme actuarial gains 16 10 - - - 10 96
Transfers between funds 20 4,562 (3,190) (2,492) 1,120 - -
-------------------------- ------------------------ ------------------------ --------------------- -------------------------- --------------------------
NET MOVEMENT IN FUNDS 9,448 268 (388) 1,748 11,076 10,181
Fund balance brought forward
at 1 August 2024 123,357 4,754 9,308 14,010 151,429 141,248
-------------------------- -------------------------- ------------------------ -------------------------- -------------------------- --------------------------
Fund balance carried 17,18 132,805 5,022 8,920 15,758 162,505 151,429
forward at 31 July 2025 19
============ ============ =========== ============ ============ ============

All amounts relate to continuing activities.

All recognised gains and losses in the current and prior year are included in the Statement of Financial Activities. No income and expenditure account is required for Companies Act purposes as the only difference between net income for the year as presented above and net income for Companies Act 2006 purposes is the movement on endowment funds of £21k (2024: £6k). The notes on pages 45 to 67 form part of these financial statements.

38

BRIGHTON COLLEGE

CHARITY AND CONSOLIDATED BALANCE SHEETS Company Registration No. 0007663

AS AT 31 JULY 2025

S AT 31 JULY 2025
2025 2024
Group Charity Group Charity
Notes £000 £000 £000 £000
NON CURRENT ASSETS
Tangible assets 9 138,569 132,508 147,421 140,785
Investments 10 22,637 14,358 20,698 12,649
Debtors: amounts due after more than one 11 8,936 8,526 359 359
year
------------------------- --------------------- ------------------------- ---------------------
170,142 155,392 168,478 153,793
CURRENT ASSETS
Stocks 12 50 50 108 43
Debtors: amounts due within one year 13 28,288 29,217 4,789 7,455
Cash at bank and in hand 39,241 26,565 55,056 42,936
--------------------- --------------------- --------------------- ---------------------
67,579 55,832 59,953 50,434
CREDITORS: amounts falling due
within one year 14 (61,591)
(52,315)		 (51,063) (43,711)
------------------------- --------------------- ------------------------- ---------------------
NET CURRENT ASSETS 5,988 3,517 8,890 6,723
TOTAL ASSETS LESS CURRENT
LIABILITIES 176,130 158,909 177,368 160,516
CREDITORS: amounts falling due
after more than one year 15 (13,376)
(13,097)		 (25,566) (25,067)
------------------------- --------------------- ------------------------- ---------------------
TOTAL NET ASSETS before
pension scheme funding deficit 162,754 145,812 151,802 135,449
Pension scheme funding deficit 16 (249)
(249)		 (373) (373)
------------------------- ------------------------- -------------------------
-------------------------
NET ASSETS 21 162,505 145,563 151,429 135,076
============ ============ ============
============
Represented by:
UNRESTRICTED FUNDS
General reserve 132,803 129,297 123,355 119,991
Non-charitable trading funds 2 - 2 -
Designated funds 17 5,022 - 4,754 -
------------------------- ------------------------- -------------------------
-------------------------
17 137,827 129,297 128,111 119,991
RESTRICTED & ENDOWED FUNDS 18 8,920 508 9,308 1,075
FOUNDATION FUND 19 15,758 15,758 14,010 14,010
------------------------- ------------------------- -------------------------
-------------------------
162,505 145,563 151,429 135,076
============ ============ ============
============

The net movement in the funds of the charity were £10.5m (2024: £9.8m) and of the Group £11.1m (£10.2m). The financial statements were approved and authorised for issue by the Board of Governors on 6[th] March 2026 and were signed below on its behalf by

The Rt. Hon Lord Francis Maude of Horsham Chair

R Ricci Governor of Brighton College

The notes on pages 45 to 67 form part of these financial statements.

39

BRIGHTON COLLEGE

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2025

2025 2024
Notes £ £
Net cash flow from operating activities 22a 10,631 14,355
Cash flow from investing activities
Investment income received 2,329 782
Purchase of tangible fixed assets (5,640) (20,471)
Investment purchases (3,437) (4,994)
Proceeds from sale of investments 2,000 4,249
------------------- -------------------
Net cash flow from investing activities (4,748) (20,434)
Cash flow from financing activities
Financing (26) (24)
Interest paid (7) (90)
------------------- -------------------
Net cash flow from financing activities (33) (114)
Fees in Advance Scheme
New contracts 1,182 50,037
Amounts used to pay fees (22,847) (4,052)
------------------- -------------------
(21,665) 45,985
------------------- -------------------
(Decrease)/increase in cash and cash equivalents 22b (15,815) 39,792
========= =========
Cash and cash equivalent at the beginning of year 55,056 15,264
------------------- -------------------
Cash and cash equivalents at the end of year 39,241 55,056
========= =========

The notes on pages 45 to 67 form part of these financial statements.

40

BRIGHTON COLLEGE

ACCOUNTING POLICIES

FOR THE YEAR ENDED 31 JULY 2025

STATEMENT OF COMPLIANCE

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

The College is a Public Benefit Entity registered as a charity in England and Wales and a company limited by guarantee. It was incorporated on 18 September 1873 (company number 7663) and registered as a charity on 18 March 1963 (charity number 307061).

The functional currency of the College is considered to be Sterling (£) rounded to the nearest thousand.

PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS

Having reviewed the funding facilities available to the Charity and Group together with the expected ongoing demand for places and the Charity and Group’s future projected cash flows, the governors have a reasonable expectation that the Charity and Group have adequate resources to continue their activities for at least 12 months from the date of signature of these financial statements and that there are no material uncertainties in making this assessment In making this assessment, the governors have not identified any material uncertainties. Accordingly, they continue to adopt the going concern basis in preparing the financial statements as outlined in the Statement of Accounting and Reporting Responsibilities.

BASIS OF CONSOLIDATION

The statement of financial activities (SOFA) and balance sheet consolidate the financial statements of the charity and its subsidiary undertakings: Brighton College Services Limited; Brighton College International Schools Limited; St Christopher’s School, Hove; Newells School Trust Limited (and its subsidiary); and Brighton College Hong Kong Charitable Foundation Limited and the income and assets of the scholarship funds over which Brighton College is sole trustee, all inter-company balances being eliminated. No separate SOFA has been presented for the charity alone as permitted by Section 408 of the Companies Act 2006. The results of the subsidiaries are consolidated on a line-by-line basis on an acquisition basis from the date control passed to the College.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the accounting policies, governors are required to make judgements, estimates, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects current and future periods.

There are only three significant judgements and estimates used in these accounts. These are: the estimates used in accounting for the defined benefit pension scheme, details of which are included in note 16 to the accounts; a requirement under FRS102 which means the College needs to account for pledged donations that are likely to be received, if the College has determined it is entitled to them; and the valuation of investment properties which is discussed in note 10 to the accounts.

In the view of the governors, no assumptions concerning the future or estimations affecting assets or liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

BASIS OF ACCOUNTING

The accounts are drawn up on the historic cost convention, as modified by the revaluation of investment properties and other investments.

41

BRIGHTON COLLEGE

ACCOUNTING POLICIES (continued)

FOR THE YEAR ENDED 31 JULY 2025

GENERAL INFORMATION

The charity is a private company limited by guarantee, incorporated in England and Wales (company number: 7663) and a registered charity in England and Wales (charity number: 307061). The charity’s registered address is Brighton College, Eastern Road, Brighton, East Sussex, BN2 0AL.

FEES AND SIMILAR INCOME

Fees receivable and charges for services and use of premises are accounted for in the period in which the service is provided. Fee income comprises fees net of fee remissions, scholarships and bursaries (see note 1a).

INVESTMENT INCOME

Investment income from dividends, bank balances and fixed interest securities is accounted for on an accruals basis. Income from investment properties is accounted for in the period to which the rental income relates.

GRANTS, DONATIONS AND VOLUNTARY INCOME

Voluntary income and pledged donations are accounted for as and when entitlement arises, the amount can be reliably quantified and the economic benefit to the College is considered probable. Grants and donations are credited to unrestricted, endowed or restricted funds as required by the conditions, if any, pertaining to each grant or donation. Restricted grants and donations are transferred to unrestricted funds when the criteria for which they were given has been or is being satisfied. If the purpose for which a donation has been given no longer exists, the donation will be transferred to a similar restricted fund or if there is none, to unrestricted funds. If any grant is not fully utilised, then this will be returned to the grantor.

OTHER TRADING ACTIVITIES

Non-ancillary trading income represents sales to external customers at invoiced amounts less value added tax.

EXPENDITURE

Expenditure is accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on the estimated amount attributable to that activity in the year. The irrecoverable element of VAT is included with the item of expense to which it relates.

42

BRIGHTON COLLEGE

ACCOUNTING POLICIES (continued)

FOR THE YEAR ENDED 31 JULY 2025

TANGIBLE FIXED ASSETS

Tangible fixed assets costing more than £5,000 are capitalised and included at cost, including any incidental expenses of acquisition. Tangible fixed assets costing less than £5,000 are either expensed or capitalised at cost and depreciated in full in the year of acquisition or, if they relate to a construction project, at completion of the construction.

Those assets capitalised are included at cost. Impairment reviews are undertaken regularly. Depreciation is provided on all tangible assets at rates calculated to write off cost over their expected useful economic lives as follows, with a full year’s depreciation being charged in the year of purchase and none charged in the year of disposal:

Freehold and long leasehold buildings Depreciation is provided on a straight line basis, at the rate of 2% per annum on
the cost of freehold buildings excluding the cost attributable to the underlying
land. Leasehold assets are depreciated over the minimum life of the lease.
Computer equipment Depreciation is provided on a straight line basis at the rate of 25% per annum.
Furniture, equipment and motor vehicles Depreciation is provided on a straight line basis on furniture and equipment at
the rate of 12.5% per annum and motor vehicles at the rate of 20% per annum.

INVESTMENTS

Listed investments are valued at market value as at the balance sheet date. Unrealised gains and losses arising on the revaluation of investments are credited or charged to the Statement of Financial Activities and are allocated to the appropriate fund according to the ownership of the underlying assets.

Investment properties are valued at their market values at the balance sheet date, assuming vacant possession. Investments in subsidiaries are carried at cost less provision for impairment.

STOCKS

Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

FUND ACCOUNTING

The College maintains six types of funds:

Endowed funds These are funds where the capital remains in place and only the income is applied for particular
restricted purposes or, if not applied, accretes to the capital in the fund. Restrictions arise when
specified by the donor.
Restricted funds These are funds that can only be used for particular restricted purposes within the objects of the
College. Restrictions arise when specified by the donor.
Designated funds These are unrestricted funds which the governors have designated for a specific purpose.
Foundation fund This fund, created from College reserves, is a special designated fund to enable the Group to fulfil
its charitable objects over the medium to long term
General reserve These are unrestricted funds whose purpose has not been restricted by a donor or donors and which
has not been designated by governors.
Non-ancillary trading funds These funds are unrestricted and represent the results from the trading subsidiary, Brighton College
Services Limited.

43

BRIGHTON COLLEGE

ACCOUNTING POLICIES (continued)

FOR THE YEAR ENDED 31 JULY 2025

PENSION SCHEMES

The Group has five different pension schemes of which three are defined contribution schemes, one is a defined benefit scheme closed to new entrants and one is the Teachers’ Superannuation Scheme as described below. Further details are given in note 16.

The majority of the teaching staff of Brighton College, St Christopher’s School, Hove and Newells School Trust Limited are members of the Teachers’ Superannuation Scheme administered by the Teachers’ Pension Agency. The scheme is a multiemployer pension scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the College. In accordance with FRS 102 therefore, the scheme is accounted for as a defined contribution scheme.

The Group operates three defined contribution pension schemes: one for personnel of Brighton College, Brighton College International Schools Limited and Brighton College Services Limited; one for personnel of St Christopher’s School, Hove; and one for personnel of Newells School Trust Limited. For these, the assets of the schemes are held separately from those of the Group in independently administered funds. Contributions to the defined contribution schemes are charged to the SOFA as they are incurred.

The Group operated a defined benefit pension scheme for non-teaching staff of Brighton College and Brighton College Services Limited, Stanplan F. This scheme was closed to new entrants from 1 September 1998.

OPERATING LEASES

Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Assets purchased under finance leases are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written off to the SOFA using the sum-of-digits method.

FINANCIAL INSTRUMENTS

Basic financial instruments are initially recognised at transaction value and subsequently amortised with the exception of investments which are held at fair value. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes and provisions.

44

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. CHARITABLE ACTIVITIES - SCHOOL FEES 2025 2025
£000 £000
(a) Gross fees 70,264 66,204
Less: bursaries, grants and allowances (6,067) (5,532)
--------------------- ---------------------
64,197 60,672
=========== ===========
(b) Grants, awards and prizes paid for by donations or from restricted funds comprise:
Scholarships and bursaries 621 741
========= =========
2. CHARITABLE ACTIVITIES - OTHER INCOME 2025 2024
£000 £000
Other educational charitable income:
Entrance, Registration fees and Early Years Funding 422 792
Courses and sub lettings 1,749 1,526
------------------ ------------------
2,171 2,318
========= =========
Other ancillary trading income:
International schools income 6,133 5,286
Other activities and trips 1,983 1,783
--------------------- ---------------------
8,116 7,069
========== ==========
3. INVESTMENT INCOME 2025 2024
£000 £000
Bank deposit interest received 1,961 450
Listed investments 363 332
--------------------- ---------------------
2,324 782
========== ==========

45

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

4. CONTRIBUTION FROM SUBSIDIARIES’ ACTIVITIES

Brighton College Brighton College
St Christopher’s School Newells School Trust Scholarships
Hove Ltd Bursary & Prizes
2025 2024 2025 2024 2025 2024
£000 £000 £000 £000 £000 £000
Income from charitable activities 3,847 4,048 8,831 8,049 - -
Voluntary/trading income 6 4 90 188 25 -
Income from generated funds 147 140 114 - 69 86
Other income - - - - 233 225
-------------------- -------------------- --------------------- --------------------- --------------------- ---------------------
Total income 4,000 4,192 9,035 8,237 327 311
Cost of generating funds (6) (12) (27) (37) - -
Charitable activities (3,852) (4,026) (8,740) (7,671) (250)
(238)
-------------------- -------------------- ---------------------- ---------------------- ---------------------- ----------------------
Total cost (3,858) (4,038) (8,767) (7,708) (250)
(238)
-------------------- -------------------- ---------------------- ---------------------- ---------------------- ----------------------
Net income 142 154 268 529 77 73
-------------------- -------------------- ------------------- ------------------- --------------------- ---------------------
Gains/(losses) on investments - - - - 144 (299)
-------------------- -------------------- ------------------- ------------------- --------------------- ---------------------
Retained net income 142 154 268 529 221 (226)
======== ======== ========== ========== ========== ==========
Fixed assets and investments 327 313 5,461 6,012 8,300 8,069
Net current assets 3,323 3,389 505 (312) 59 69
Amounts falling due after more than one year (144) (338) (944) (946) - -
--------------------- --------------------- ------------------- ------------------- --------------------- ---------------------
Net assets 3,506 3,364 5,022 4,754 8,359 8,138
-------------------- -------------------- ------------------- ------------------- --------------------- ---------------------
Unrestricted and Designated funds 3,506 3,364 5,022 4,754 7,945 7,740
Restricted and Endowed funds - - - - 414 398
------------------- ------------------- ------------------- ------------------- --------------------- ---------------------
Funds 3,506 3,364 5,022 4,754 8,359 8,138
========= ========== ========== ========== ========== ==========

46

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

4. CONTRIBUTION FROM SUBSIDIARIES’ ACTIVITIES (continued)

Trading subsidiary Trading subsidiary Trading subsidiary Trading subsidiary Brighton College
- Brighton College Brighton College - Handcross Park Hong Kong Charitable
Services Ltd International Schools Ltd Commercial Services Ltd Foundation Ltd
2025 2024 2025 2024 2025 2024 2025 2024
£000 £000 £000 £000 £000 £000 £000 £000
Income from charitable activities - - 6,133 5,286 - - - -
Voluntary/trading income 572 506 - - 261 302 452 182
Income from generated funds 8 5 65 52 - - - -
-------------------- -------------------- ------------------- ------------------- --------------------- --------------------- --------------------- ---------------------
Total income 580 511 6,198 5,338 261 302 452 182
Cost of generating funds (423) (364) - - (180) (151) - -
Charitable activities - - (3,019) (2,291) - - (25) (28)
-------------------- -------------------- -------------------- -------------------- ---------------------- ---------------------- ---------------------- ----------------------
Total cost (423) (364) (3,019) (2,291) (180) (151) (25) (28)
-------------------- -------------------- -------------------- -------------------- ---------------------- ---------------------- ---------------------- ----------------------
Net income 157 147 3,179 3,047 81 151 427 154
Intra Group Gift Aid (157) (147) (3,179) (3,047) (81) (151) (470) (199)
-------------------- -------------------- -------------------- -------------------- ------------------- ------------------- --------------------- ---------------------
Retained net income - - - - - - (43) (45)
========== ========== ========== ========== ========== ========== ========== ==========
Net current assets 13 13 10 10 - - 52 95
-------------------- -------------------- --------------------- --------------------- ------------------- ------------------- --------------------- ---------------------
Net assets 13 13 10 10 - - 52 95
-------------------- -------------------- --------------------- --------------------- ------------------- ------------------- --------------------- ---------------------
Unrestricted funds 13 13 10 10 - - 52 95
-------------------- -------------------- --------------------- --------------------- ------------------- ------------------- --------------------- ---------------------
Funds 13 13 10 10 - - 52 95
========= ========= ========== ========== ========== ========== ========== ==========

47

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

HE YEAR ENDED 31 JULY 2025
EXPENDITURE 2025 2024
£000 £000
Governance expenditure includes:
Auditor’s remuneration and expenses:
- audit - College 33 32
- audit - Other Group entities 44 43
Governors’ liability insurance 2 1
Charitable expenditure includes:
Auditor’s remuneration and expenses:
- other services 12 12
Operating lease expenditure 1,168 962
Depreciation – owned assets (subsidiaries) 547 461
Depreciation – owned assets (College) 3,893 3,029
========= =========

5. EXPENDITURE

6. TOTAL EXPENDITURE

TOTAL EXPENDITURE
Staff costs Other costs Depreciation 2025 2024
£000 £000 £000 £000 £000
Raising funds expenditure on
Financing costs - 505 - 505 308
Non-ancillary trading costs 241 323 - 564 475
-------------------- -------------------- -------------------- -------------------- --------------------
Total for Group 241 828 - 1,069 783
========== ========== ========== ========== ==========
Charitable expenditure on
Teaching 26,547 5,681 - 32,228 30,602
Welfare 55 5,145 - 5,200 4,541
Premises 1,260 5,767 4,440 11,467 10,582
Support costs of schooling 12,607 7,315 - 19,922 17,638
---------------------- ---------------------- ---------------------- ---------------------- ----------------------
School operating costs 40,469 23,908 4,440 68,817 63,363
Governance costs - 58 - 58 54
---------------------- ---------------------- ---------------------- ---------------------- ----------------------
Total 40,469 23,966 4,440 68,875 63,417
========== ========== ========== =========== ===========
Total expenditure Group 40,710 24,794 4,440 69,944 64,200
========== ========== ========== =========== ===========

Support costs of schooling relates to school operating costs, consisting principally of administration and bursary department expenditure, costs of the development office and the operations of the subsidiary promoting and developing overseas educational activity, together with an allocation of central costs. Expenditure on school operating costs totalled £68.8m (2024: £63.4m), of which £68.1m was unrestricted (2024: £62.5m) and £0.7m was restricted (2024: £0.9m).

2025 2024
£000 £000
Other Support costs include:-
Marketing 614 1,054
Rent 873 800
Insurance and professional fees 1,165 784
Newells School Trust running costs 803 612
St Christopher’s School running costs 259 293
Other costs for running services 3,601 2,839
-------------------- --------------------
7,315 6,382
========== ==========

48

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

6. TOTAL EXPENDITURE (continued)

PRIOR YEAR TOTAL
EXPENDITURE
Staff costs Other costs Depreciation 2024 2023
£000 £000 £000 £000 £000
Raising funds expenditure on
Financing costs - 308 - 308 570
Non-ancillary trading costs 223 252 - 475 524
-------------------- -------------------- -------------------- -------------------- --------------------
Total for Group 223 560 - 783 1,094
========== ========== ========== ========== ==========
Charitable expenditure on
Teaching 24,833 5,769 - 30,602 27,974
Welfare 51 4,490 - 4,541 4,525
Premises 1,032 6,060 3,490 10,582 10,691
Support costs of schooling 11,256 6,382 - 17,638 15,842
---------------------- ---------------------- ---------------------- ---------------------- ----------------------
School operating costs 37,172 22,701 3,490 63,363 59,032
Governance costs - 54 - 54 43
---------------------- ---------------------- ---------------------- ---------------------- ----------------------
Total 37,172 22,755 3,490 63,417 59,075
========== ========== ========== =========== ===========
Total expenditure Group 37,395 23,315 3,490 64,200 60,169
========== ========== ========== =========== ===========

49

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

7. STAFF COSTS 2025 2024
No. No.
The average number of employees during the year was:
Teaching 473 466
Administration 162 148
Maintenance, domestic and support staff 213 213
---------------- ----------------
848 827
======== ========
Staff costs were as follows: £000 £000
Wages and salaries 31,413 29,233
Social security costs 3,459 2,972
Other pension costs 5,641 5,004
Private patients plan 197 186
---------------------- ----------------------
40,710 37,395
=========== ===========
This is represented by:
College 31,024 28,556
Brighton College Services Limited 179 162
Brighton College International Schools Limited 1,675 1,415
St Christopher’s School, Hove 2,563 2,582
Newells School Trust Limited 5,269 4,680
---------------------- ----------------------
40,710 37,395
=========== ===========

Four (2024: Seven) governors were reimbursed travel and subsistence expenses amounting to £1k (2024: £5k).

2025 2024
The number of employees whose emoluments exceeded £60,000 were: No. No.
Between £60,001 - £70,000 p.a. 46 39
Between £70,001 - £80,000 p.a. 25 22
Between £80,001 - £90,000 p.a. 6 8
Between £90,001 - £100,000 p.a. 9 *5
Between £100,001 - £110,000 p.a. 2 2
Between £110,001 - £120,000 p.a. *3 *6
Between £120,001 - £130,000 p.a. *3 *1
Between £130,001 - £140,000 p.a. 1 *3
Between £140,001 - £150,000 p.a. 2 *2
Between £150,001 - £160,000 p.a. *3 -
Between £160,001 - £170,000 p.a. 1 *2
Between £170,001 - £180,000 p.a. - 1
Between £190,001 - £200,000 p.a. 1 1
Between £210,001 - £220,000 p.a. *2 -
Between £220,001 - £230,000 p.a. - *1
Between £240,001 - £250,000 p.a. *1 -
Between £270,001 - £280,000 p.a. - *1
Between £290,001 - £300,000 p.a. *1 -
Between £300,001 - £310,000 p.a. - *1
Between £380,001 - £390,000 p.a. *1 -
==== ====
The number with retirement benefits accruing in:
Defined contribution schemes was 19 14
Defined benefit schemes was 87 81
==== ====

50

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

STAFF COSTS (continued)

*Of the 107 employees above whose emoluments exceeded £60,000 in 2025, 9 (2024:10) employees in bands with superscript * work wholly or partly on Group matters beyond the College in the UK and/or some or all of their staff costs are borne by Group entities other than the College.

The governors are keen for the Group to both attract and retain the best teaching and key support staff and set salaries and other terms of remuneration in order to achieve this. Terms for the most senior management are considered by the Remuneration Committee annually. The total amount of remuneration paid to key senior management was £2.9m (2024: £2.6m).

In addition to the above payments and those contained in the bandings above, the Group provides fee remission to teaching and some senior staff typical for the independent school sector; and accommodation (or reimbursement for own accommodation) to staff who are entitled to accommodation by virtue of their role.

During the year, there were redundancy or termination payments amounting to £97k (2024: £124k). There was £nil outstanding at the year end.

The average number of employees for the charity only during the year was 636 (2024: 614) and total staff costs for the charity only were £31.0m (2024: £28.6 million).

8. TAXATION

Brighton College is a registered charity and therefore no liability for corporation taxation arises on its charitable activities.

St Christopher’s School, Hove is a registered charity and therefore no liability for corporation taxation arises on its charitable activities.

Newells School Trust Limited is a registered charity and therefore no liability for corporation taxation arises on its charitable activities. No corporation tax (2024: £nil) arose from the result of Handcross Park Commercial Services Limited following the deduction for Gift Aid payable to Newells School Trust Limited.

£nil corporation tax charge (2024: £nil) arose from the results of Brighton College Services Limited following the deduction for Gift Aid payable to Brighton College.

£nil corporation tax charge (2024: £nil) arose from the results of Brighton College International Schools Limited following the deduction for Gift Aid payable to Brighton College.

51

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

9. TANGIBLE FIXED ASSETS Subsidiaries
Freehold Furniture, fixtures and
and long equipment fittings and
leasehold Computer and motor Charity motor Group
Land buildings Equipment vehicles Total vehicles Total
£000 £000 £000 £000 £000 £000 £000
Cost
At 31 July 2024 79 166,659 3,589 2,340 172,667 11,639 184,306
Additions in year - 4,342 382 484 5,208 432 5,640
Disposals in year - (307) - (16) (323) - (323)
VAT Adjustment - (9,375) (32) (37) (9,444) (460) (9,904)
-------------------- ----------------------- ------------------------ ------------------------ ------------------------ ------------------------ ------------------------
At 31 July 2025 79 161,319 3,939 2,771 168,108 11,611 179,719
--------------------
-------------------- ---------------------- ------------------------ -------------------- ---------------------- ------------------------
Depreciation
At 1 August 2024 - 27,178 3,001 1,703 31,882 5,003 36,885
Charge for the year - 3,432 401 60 3,893 547 4,440
Disposals in year - (166) - (9) (175) - (175)
------------------ ----------------------- ------------------------ ------------------------ ------------------------ ------------------------ ------------------------
At 31 July 2025 - 30,444 3,402 1,754 35,600 5,550 41,150
-------------------- ----------------------- ------------------------ ------------------------ ------------------------ ------------------------ ------------------------
Net book value
At 31 July 2025 79 130,875 537 1,017 132,508 6,061 138,569
========= =========== =========== =========== =========== ============ ============
At 31 July 2024 79 139,481 588 637 140,785 6,636 147,421
========= =========== =========== =========== =========== ============ ============

All the fixed assets are held for continuing use in the company’s direct charitable activities and the activities of the subsidiaries. Most computer equipment now purchased by the Group is of value less than £5,000 and therefore is capitalised and depreciated in full in the year of acquisition.

The current year fixed asset valuations include the reduction attributed to how VAT legislation now applies to independent schools post 1[st] January 2025.

52

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

10. INVESTMENTS 2025 2024
Group Charity Group Charity
£000 £000 £000 £000
Investments at 1 August 20,698 12,649 18,955 10,709
Additions 3,437 3,351 5,487 5,086
Disposals (2,000) (2,000) (4,382) (4,083)
Net investment gains and 502 358 638 937
transfers
-------------------- -------------------- -------------------- --------------------
Investments at 31 July 22,637 14,358 20,698 12,649
========== ========== ========== ==========
Investment in subsidiaries - 20 - 20
Funds and investments 19,237 14,338 17,298 12,629
Investment properties 3,400 - 3,400 -
-------------------- -------------------- -------------------- --------------------
22,637 14,358 20,698 12,649
========== ========== ========== ==========

The Trustees, having given due regard to the property market, consider that there has been no significant change in the valuations of the properties as at 31 July 2025. At 31 July 2024, investment properties were revalued by Graves Son & Pilcher LLP, a member of the National Association of Estate Agents and Crickmay Chartered Surveyors. The most recent valuation at 31 July 2024 was based on open market value assuming vacant possession and resulted in a property valuation decrease of £565k.

Brighton College owns directly or through nominees all the issued share capital (10,000 £1 ordinary shares) of Brighton College Services Limited incorporated in England and Wales, registered number 1242240 and address Eastern Road, Brighton BN2 0AL. The subsidiary hires out the College’s estate and runs after school and holiday clubs for children.

Brighton College owns all the issued share capital (10,000 £1 ordinary shares) of Brighton College International Schools Limited incorporated in England and Wales, registered number 6708760 and address Eastern Road, Brighton BN2 0AL. The subsidiary promotes and helps establish overseas schools and colleges.

Brighton College controls 100% of St Christopher’s School, Hove a company limited by guarantee, incorporated in England and Wales, registered number 4501448 and address 33 New Church Road, Hove BN3 4AD.

Brighton College controls 100% of Newells School Trust Limited, a company limited by guarantee, incorporated in England and Wales, registered number 932584 and address Eastern Road, Brighton BN2 0AL. The objects of the Charity are the advancement and promotion of education. Newells School Trust Limited owns 100% of the share capital of Handcross Park Commercial Services Limited, which is incorporated in England and Wales, registered number 10165336 and address London Road, Handcross RH17 6HF.

Brighton College controls 100% of Brighton College Hong Kong Charitable Foundation Limited, a company limited by guarantee, incorporated in Hong Kong, registered number 2348164 and address 36/F Tower Two, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong. The objects of the Foundation are to advance and promote philanthropy to aid the College’s development for the benefit of pupils, a number of whom come each year from Hong Kong.

The trading results extracted from the audited financial statements of the subsidiaries listed above for the year ended 31 July 2025 are disclosed in note 4.

53

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

11. DEBTORS: amounts due after more than 2025 2024
one year
Group Charity Group Charity
£000 £000 £000 £000
Interest rate cap 147 147 359 359
Other Debtors 8,789 8,379 - -
-------------------- -------------------- -------------------- --------------------
Interest rate cap 8,936 8,526 359 359
========== ========== ========== ==========

During 2021/22, the College arranged for a cap on interest rates of 3% for a £10m portion of the revolving credit facility. Given the outlook at 31 July 2025 was for higher interest rates, there is a value attributable to the cap of £147k (2024: £359k) at the year end.

Other debtors includes the fixed asset VAT adjustment as explained under note 9.

12. STOCKS

Stocks mainly comprise uniforms and sports kit for Handcross Park and St Christopher’s and prospectuses. Replacement cost of these stocks is not significantly higher than the historic cost.

2025 2024
Group Charity Group Charity
£000 £000 £000 £000
Goods for resale - - 65 -
Other 50 50 43 43
----------------- ----------------- ----------------- -----------------
50 50 108 43
======== ======== ========= ========
13. DEBTORS: amounts due within one year 2025 2024
Group Charity Group Charity
£000 £000 £000 £000
Fee debtors 21,851 17,461 883 736
Trade debtors 693 - 1,355 -
Other debtors 859 594 234 3
Due from subsidiary undertakings - 3,391 - 1,717
Gift Aid due from subsidiary
undertakings - 3,337 - 3,194
Prepayments and accrued income 2,963 2,512 1,640 1,128
Accrued donation income 1,922 1,922 677 677
-------------------- -------------------- -------------------- --------------------
28,288 29,217 4,789 7,455
========== ========== ========== ==========

During the ordinary course of business, the College’s trading subsidiary, Brighton College Services Limited, borrows money from Brighton College to finance ongoing working capital requirements. These borrowings carry a commercial rate of interest of 5% per annum. The magnitude of the borrowing remains under £1m and, typically, any amounts owing at 31 July are paid down before 30 April the following year. At 31 July 2025, the balance was £94k (2024: £62k).

At the start of the year, an amount was due from Brighton College International Schools Limited to the College of £1.5m repayable on demand. The magnitude of the borrowing is regularly reviewed and, typically, any amounts owing at 31 July are paid down before 30 April the following year. At 31 July 2025, the balance was £3.2m (2024: £1.5m).

54

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

In addition to the above sums, gift aid is also due from these subsidiary undertakings: from Brighton College Services Limited, gift aid of £157k (2024: £147k); from Brighton College International Schools Limited, gift aid of £3.2m (2024: £3.0 million).

Due to the change in VAT legislation post 1[st] January 2025, the Fee Debtors as reported now recognises debtors at the point of invoicing rather than at the point of service in the following academic year. As billing takes place before the Group’s year end in July 2025, this has resulted in the Michaelmas Term billing of £18.7m being included in creditors.

Other debtors includes the fixed asset VAT adjustment as explained under note 9.

14. CREDITORS: amounts falling 2025 2024
due within one year Group Charity Group Charity
£000 £000 £000 £000
Bank loans 28 - 28 -
Trade creditors 2,970 2,368 1,814 1,234
Parental deposits 11,401 10,592 10,562 9,776
Other creditors 1,626 995 1,250 583
Other taxes and social security 4,267 3,583 961 649
Accruals and deferred income 7,443 6,723 7,228 6,704
Fees In Advance Scheme 15,163 13,104 24,664 21,526
Fees received prior to Academic Year - - 4,556 3,239
Fees Invoiced for Following Period 18,693 14,950 - -
--------------------- --------------------- --------------------- ---------------------
61,591 52,315 51,063 43,711
========== ========== ========== ==========

Included within other creditors are amounts totalling £555k (2024: £543k) in respect of outstanding pension contributions, which represents amounts from July 2025 payroll and which was remitted to the pension schemes by their respective due dates.

Parental deposits are treated as being repayable within one year on the basis that they are returnable if parents were to give one term’s notice of withdrawal.

Fees Invoiced for the Following Period are explained by note 13 due to recognition at the point of invoicing following the change in VAT legislation.

15. CREDITORS: amounts falling 2025 2024
due after more than one year Group Charity Group Charity
£000 £000 £000 £000
Bank loans 135 - 161 -
Fees in Advance Scheme 13,241 13,097 25,405 25,067
----------------- ---------------- ----------------- -----------------
13,376 13,097 25,566 25,067
======== ======== ======== ========

Bank loans

In advance of committing to the Science and Sport facility, Brighton College agreed with NatWest Plc a revolving credit facility which had an original expiry of June 2023, enabling the College to draw down up to a maximum amount of £27m. In the year ended 31 July 2022, the bank agreed to extend the term of the facility by a further four years to June 2027 and existing covenants were relaxed for two years and replaced with a single balance sheet covenant, recognising the uncertainties that surrounded operations created by the pandemic. The agreed facility carried an interest charge of 0.7% over LIBOR for monies drawn down and a non-utilisation charge in respect of any monies not drawn down of 0.25% in its first year and 0.35% thereafter. LIBOR was transitioned to SONIA with effect from October 2021. At 31 July 2025, £nil was outstanding (2024: £nil). The legal and financing costs associated with opening and having the facility, and expensed as other financing costs, were £94k (2024: £75k).

55

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

In 2021, Newells School Trust took out a loan for £280k from HSBC to fund the purchase of staff accommodation. This loan is repayable over the ten year period to 20 October 2030. At 31 July 2025, the outstanding balance was £163k of which £135k is due after more than one year (2024: £189k of which £161k was due after more than one year).

2025 2024
£000 £000
Within one year 28 28
Between one and five years 114 112
After five years 21 49
-------------------- --------------------
163 189
========== ==========

15. CREDITORS: amounts falling due after more than one year (continued)

Fees in advance

The fees in advance balances relate to 454 pupils (2024: 819) whose fees have been paid in advance. Assuming pupils will remain in the Group, advance fees will be applied as follows:

2025 2024
£000 £000
Within one year 15,163 24,664
Between one and two years 6,443 12,173
Between two years and five years 6,265 11,732
Over five years 533 1,500
-------------------- --------------------
28,404 50,069
========== ==========
Summary of movements in liability: £000
Balance at 1 August 2024 50,069
New contracts 1,182
Amounts used to pay fees (22,847)
----------------
Balance at 31 July 2025 28,404
========

16. PENSION SCHEMES AND SIMILAR OBLIGATIONS

The Group operates five pension schemes for the benefit of employees. The Teachers’ Pension Scheme (England and Wales) (“TPS”), a defined benefit scheme operated by Brighton College, St Christopher’s School, Hove and Newells School Trust Limited is available to teachers. There are also three defined contribution schemes and a defined benefit pension scheme, the Brighton College Section of Stanplan F, which is closed to new members.

Defined contribution schemes

The assets of the defined contribution schemes are held separately from those of the Group in independently administered funds. Contributions to the schemes are charged to the SOFA as they fall due. The cost for the year represents the Group’s contributions to the schemes of £923k (2024: £801k).

TEACHING STAFF

The Group participates in the Teachers’ Pension Scheme (“the TPS”) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £4.7m (2024: £4.0m) and at the year-end £455k (2024: £445k) was outstanding in respect of contributions to this scheme.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute

56

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary’s Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report was published in October 2023.

Following the McCloud judgement, the remedy proposed that when benefits become payable, eligible members can select to receive them from either the reformed or legacy schemes for the period 1 April 2015 to 31 March 2022. The actuaries have assumed that members are likely to choose the option that provides them with the greater benefits, and in preparing the 2020 valuation has valued the ‘greater value’ benefits for groups of relevant members.

The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%.

16. PENSION SCHEMES AND SIMILAR OBLIGATIONS (continued)

DEFINED BENEFIT SCHEME

For some past employees, the College operates a funded pension scheme, the Brighton College Section of Stanplan F (“Scheme”), providing benefits for its employees based on final pensionable pay. The assets of the Scheme are held in a separate trustee administered fund.

The funding plan is for the Scheme to hold assets equal to the value of the benefits earned by employees, based on projected salaries and a set of assumptions used for funding the Scheme. The funding assumptions differ from the assumptions used to calculate the figures for these accounts, and therefore produce different results. If there is a shortfall against this funding plan, then the College and trustees agree on deficit contributions to meet this deficit over a period.

As part of the actuarial valuation with an effective date of 31 August 2021, the College agreed annual contributions of £207,000 between 1 June 2022 and 31 August 2025.

In addition to the above, the College agreed to pay an allowance of £3,750 per month to meet the Scheme’s expenses and to pay any Pension Protection Fund levies until 31 August 2025. Thereafter the allowance increases to £6,666 per month until 28 February 2027

The initial results of the formal actuarial valuation as at 31 August 2021 were updated to the accounting date by an independent qualified actuary in accordance with FRS102.

The estimated amount of total employer contributions expected to be paid to the Scheme during the year to 31 July 2026 based on the Scheme’s schedule of contributions is £252k (2024: £252k).

The following table sets out the key FRS102 assumptions used for the Scheme.

Principal actuarial assumptions 2025 2024
% %
Retail Price Inflation 3.2% 3.5%
Discount rate 5.3% 4.8%
Pension increases in payment 5.0% 5.0%
Salary increases n/a n/a
Life expectancy of male aged 65 in 2025 21.4 years 21.2 years
Life expectancy of male aged 65 in 2044 22.6 years 22.4 years

57

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

16. PENSION SCHEMES AND SIMILAR OBLIGATIONS (continued)

DEFINED BENEFIT SCHEME (continued)

The amount included in the balance sheet arising from the College’s obligations in respect of the Scheme is as follows:

2025 2024
£000 £000
Present value of defined benefit obligation 2,578 2,730
Fair value of scheme assets (2,329) (2,357)
-------------------- --------------------
Deficit 249 373
-------------------- --------------------
Net liability in balance sheet 249 373
========= =========
he amounts recognised in the SOFA are as follows:
2025 2024
£000 £000
Running costs 123 104
Interest expense 15 21
------------------ ------------------
Total expense included in SOFA 138 125
========= =========
The current allocation of the Scheme’s assets is as follows:
2025 2024
% %
Equities 16% 20%
Bonds 28% 37%
Absolute return funds 5% 6%
LDI 35% 21%
Cash 11% 11%
Insured annuities 5% 5%
---------- ----------
100% 100%
===== =====
Present value of defined benefit obligation:
2025 2024
£000 £000
Opening present value of Scheme liabilities 2,730 2,727
Interest cost 126 139
Actuarial (gains)/losses on financial assumptions (84) 91
Actuarial losses/(gains) on demographic assumptions 24 (28)
Experience (gains)/losses (6) 15
Benefits paid (212) (214)
--------------------- ---------------------
Closing Scheme liabilities 2,578 2,730
========== ==========

The amounts recognised in the SOFA are as follows:

58

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

16. PENSION SCHEMES AND SIMILAR OBLIGATIONS (continued)

DEFINED BENEFIT SCHEME (continued)

Reconciliation of fair value of Scheme assets:

Reconciliation of fair value of Scheme assets:
2025 2024
£000 £000
Opening fair value of Scheme assets 2,357 2,258
Interest income 111 118
Running costs (123) (104)
Actuarial (losses)/gains (56) 47
Contributions and admin fees paid by the employer 252 252
Benefits paid (212) (214)
--------------------- ---------------------
Closing fair value of Scheme assets 2,329 2,357
=========== ===========

The actual return on Scheme assets over the year was a gain of £55k (2024: gain of £165k). The amount recognised as an actuarial movement in the SOFA for the year to 31 July 2025 is a gain of £10k (2024: gain of £96k).

17. UNRESTRICTED FUNDS Balance Transfers/ Balance
31 July Income Expenditure actuarial 31 July
2024 movements 2025
£000 £000 £000 £000 £000
GENERAL RESERVE
College 119,991 57,748 (52,948) 4,506 129,297
Overseas schools subsidiary - 6,198 (3,019) (3,179) -
St. Christopher’s School, Hove 3,364 4,000 (3,858) - 3,506
Non-charitable trading funds 2 580 (423) (157) 2
------------------- ------------------- ------------------- ----------------- -------------------
123,357 68,526 (60,248) 1,170 132,805
DESIGNATED FUNDS
Newells School Trust Limited 4,754 8,952 (8,765) 81 5,022
Handcross Park Services Limited - 261 (180) (81) -
------------------- ------------------- ------------------- ----------------- -------------------
4,754 9,213 (8,945) - 5,022
------------------ ------------------ ------------------- ----------------- ------------------
128,111 77,739 (69,193) 1,170 137,827
========= ========= ========= ======== =========

59

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

17. UNRESTRICTED FUNDS (continued)

UNRESTRICTED FUNDS 2024

UNRESTRICTED FUNDS 2024
Balance Transfers/ Balance
31 July Income Expenditure actuarial 31 July
2023 movements 2024
GENERAL RESERVE £000 £000 £000 £000 £000
College 112,706 53,493 (48,692) 2,484 119,991
Overseas schools subsidiary - 5,338 (2,291) (3,047) -
St. Christopher’s School, Hove 3,211 4,192 (4,039) - 3,364
Non-charitable trading funds 2 510 (363) (147) 2
------------------- ------------------- ------------------- ----------------- -------------------
115,919 63,533 (55,385) (710) 123,357
------------------- ------------------- ------------------- ----------------- -------------------
DESIGNATED FUNDS
Newells School Trust Limited 4,224 8,086 (7,708) 152 4,754
Handcross Park Services Limited - 302 (150) (152) -
------------------- ------------------- ------------------- ----------------- -------------------
4,224 8,388 (7,858) - 4,754
------------------ ------------------ ------------------- ----------------- ------------------
120,143 71,921 (63,243) (710) 128,111

The income and expenditure above includes the gift aid payments made to Brighton College from Brighton College International Schools of £3.2m (2024: £3.0m) and Brighton College Services of £157k (2024: £147k) as well as gift aid payments made from Handcross Park Services to Newells School Trust of £81k (2024: £152k).

General Reserves

College

The College general reserve is represented by the investment in infrastructure and used to provide working capital.

Overseas schools subsidiary

This represents the income and expenditure during the year of Brighton College International Schools Limited and is included within the Group’s general reserve.

St Christopher’s School, Hove

This represents the unrestricted funds of St Christopher’s School, included within the general reserve.

Non-charitable trading funds

This represents the income and expenditure during the year of Brighton College Services Limited and its reserves at the year end included within the Group’s general reserve.

Newells School Trust Limited

This represents the net assets of the subsidiary school at Handcross Park currently treated as a designated fund.

Handcross Park Services Limited

This represents the income, expenditure and the gift aid declared during the year of Handcross Park Services Limited, the trading subsidiary of Newells School Trust Limited.

60

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

OR THE YEAR ENDED 31 JULY 2025
18. RESTRICTED & ENDOWED Balance Balance
FUNDS 31 July Transfers & 31 July
2024 Income Expenditure gains/losses 2025
£000 £000 £000 £000 £000
Scholarship and bursary funds 569 299 (390) - 478
Infrastructure funds - (101) (3) 104 -
Operational funds 1 - - - 1
Other funds 505 1,710 (57) (2,129) 29
------------------ ------------------ ------------------ ----------------- ------------------
College Restricted Funds 1,075 1,908 (450) (2,025) 508
Handcross Park fee support funds - 2 (2) - -
Overseas fundraising subsidiary 95 452 (24) (471) 52
Brighton College Scholarship, Bursary
& Prize Fund 7,740 322 (250) 129 7,941
------------------ ------------------ ------------------ ------------------ ------------------
Group Restricted Funds 8,910 2,684 (726) (2,367) 8,501
Peyton Bequest Permanent
Endowment 398 6 - 15 419
------------------ ------------------ ------------------ ------------------ ------------------
Group Restricted & Endowed Funds 9,308 2,690 (726) (2,352) 8,920
========= ========= ========= ========= =========

Restricted pledged donations that had been made to infrastructure funds were reversed in the year resulting in income of £(101k). The Group, governors, staff and pupils are all very grateful to those who have supported the development of all facilities that attract and enable high calibre teachers to continue to educate and inspire pupils to engage with the latest curricular and co-curricular education.


curricular and co-curricular education.
RESTRICTED & ENDOWED Balance Balance
FUNDS (2024): 31 July Transfers & 31 July
2023 Income Expenditure gains/losses 2024
£000 £000 £000 £000 £000
Scholarship and bursary funds 768 319 (518) - 569
Infrastructure funds - 584 - (584) -
Operational funds 1 - - - 1
Other funds 163 502 (161) 1 505
------------------ ------------------ ------------------ ----------------- ------------------
College Restricted Funds 932 1,405 (679) (583) 1,075
St Christopher’s School Parents’
Handcross Park fee support funds - 1 (1) - -
Overseas fundraising subsidiary 140 182 (27) (200) 95
Brighton College Scholarship, Bursary
& Prize Fund 7,972 304 (239) (297) 7,740
------------------ ------------------ ------------------ ------------------ ------------------
Group Restricted Funds 9,044 1,892 (946) (1,080) 8,910
Peyton Bequest Permanent
Endowment 392 7 - (1) 398
------------------ ------------------ ------------------ ------------------ ------------------
Group Restricted & Endowed Funds 9,436 1,899 (946) (1,081) 9,308
========= ========= ========= ========= =========

61

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

18. RESTRICTED & ENDOWED FUNDS (continued)

Scholarship and bursary funds

The Group currently receives income to support pupils in four main ways:

Infrastructure funds

The Group encourages and is grateful for donations that support specific or general improvements in the fabric of the estate and to assist with new facilities to benefit pupils and staff. Specific donations were received for:

Operational funds

The College receives specific income to support general strategic and operational initiatives.

Other funds

The College receives income in support of other charities and in respect of events in the school’s life:

Handcross Park fee support funds

These are specific funds for use at the school given by donors.

Overseas fundraising subsidiary

This represents the income and expenditure during the year of Brighton College Hong Kong Charitable Foundation Limited and its assets at the year end included within the Group’s restricted reserves.

Brighton College Scholarship Bursary & Prize Fund

The College is sole trustee for the above fund, Charity Number 1078589, a separate collection of trusts that provide scholarship and bursary support to College pupils.

Endowment Funds

The College is sole trustee of the Peyton Bequest – the income from which is to be applied for the benefit of children selected annually at the discretion of the Head Master, priority to be given to individuals bearing the unhyphenated surname of “Peyton” who have not acquired it by adoption or by change of name (of them or their ancestors) since 1900.

62

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

19. FOUNDATION FUND Balance Balance
(DESIGNATED FUND)
31 July Transfers 31 July
2024 Income Expenditure & Gains 2025
£000 £000 £000 £000 £000
Foundation fund 14,010 295 (25) 1,478 15,758
========== ========== ========== ========== ==========
FOUNDATION FUND (2024) Balance Balance
31 July Transfers 31 July
2023 Income Expenditure & Gains 2024
£000 £000 £000 £000 £000
Foundation fund 11,669 290 (11) 2,062 14,010
========== ========== ========== ========== ==========

The Brighton College Foundation Fund was set up by the Board to support the medium and long term delivery of the Group’s objects. A transfer is made annually from the Group’s audited surplus.

20. ANALYSIS OF TRANSFERS & Restricted &
LOSSES BETWEEN FUNDS Endowed Development General
funds funds Funds Total
£000 £000 £000 £000
Gains on investment 140 358 - 498
Derivative fair value - - (212) (212)
Release on fulfilment of restriction (2,492) - 2,492 -
Allocation to Foundation Fund - 1,120 (1,120) -
Pension deficit movement - - 10 10
--------------------- -------------------- ----------------------- -----------------------
Net transfers and gains (2,352) 1,478 1,170 296
========== ========== =========== ===========

The fulfilment of restriction relates primarily to donations received for various capital projects that have been completed and subsequently monies have been released to General Funds.

ANALYSIS OF TRANSFERS & GAINS Restricted
BETWEEN FUNDS (2024) &
Endowed Development General
funds funds Funds Total
£000 £000 £000 £000
Gains on investment (299) 937 - 638
Derivative fair value - - (463) (463)
Release on fulfilment of restriction (782) - 782 -
Allocation to Foundation fund - 1,125 (1,125) -
Pension deficit movement - - 96 96
--------------------- -------------------- ----------------------- -----------------------
Net transfers and gains (1,081) 2,062 (710) 271
========== ========== =========== ===========

63

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

21. ANALYSIS OF GROUP NET Restricted
ASSETS BETWEEN FUNDS & Endowed Development Designated General
funds funds Funds funds Total
£000 £000 £000 £000 £000
Fund balances at 31 July 2025 were
represented by:
Fixed assets - - 5,461 133,108 138,569
Investments 8,300 14,337 - - 22,637
Long term debtors - - - 8,526 8,526
Net current assets/(liabilities) 620 1,421 (439) 4,796 6,398
Long term liabilities - - - (13,376)
(13,376)
Pension deficit - - - (249)
(249)
--------------------- --------------------- ----------------------- ----------------------- -----------------------
8,920 15,758 5,022 132,805 162,505
========== ========== =========== =========== ===========
ANALYSIS OF GROUP NET
ASSETS BETWEEN FUNDS Restricted
(2024) & Endowed Development Designated General
funds funds Funds Funds Total
£000 £000 £000 £000 £000
Fund balances at 31 July 2024 were
represented by:
Fixed assets - - 6,012 141,409 147,421
Investments 8,069 12,629 - - 20,698
Long term debtors - - - 359 359
Net current assets/(liabilities) 1,239 1,381 (1,258) 7,528 8.890
Long term liabilities - - - (25,566)
(25,566)
Pension deficit - - - (373)
(373)
--------------------- --------------------- ----------------------- ----------------------- -----------------------
9,308 14,010 4,754 123,357 151,429
========== ========== =========== =========== ===========
22. CASH FLOWS 2025 2024
£000 £000
a) Reconciliation of operating profit to net cash flow
from operating activities
Net income 11,076 10,181
Net interest received (2,322) (692)
Depreciation 4,440 3,490
Decrease in stocks 58 8
Increase in debtors (22,386) (441)
Increase in creditors 20,029 2,438
Loss on fixed asset disposal 149 -
Non cash investment gains (289) (533)
Non cash movement in pension liability (124) (96)
----------------------- -----------------------
Net cash inflow from operating activities 10,631 14,355
=========== ===========

64

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

22. CASH FLOWS (continued)

22. CASH FLOWS (continued)
At At
31 July 31 July
b) Analysis of change in net cash 2024 Cash flows Non Cash- 2025
flows
£000 £000 £000 £000
Cash in hand and at bank 55,056 (15,815) - 39,241
------------------- ------------------- ------------------- -------------------
Fees in Advance within one year (24,664) (512) 10,013 (15,163)
Fees in Advance more than one year (25,405) (670) 12,835 (13,241)
Debt due within one year (28) 26 (26) (28)
Debt due after more than one year (161) - 26 (135)
-------------------- ------------------- -------------------- --------------------
4,798 (16,971) 22,847 10,674
========== ========= ========== ==========

23. CAPITAL COMMITMENTS

Capital expenditure contracted for but not provided in the financial statements

2025 2024
£000 £000
- -
========= ==========

24. OPERATING LEASE COMMITMENTS

The Group has entered into operating leases which have minimum lease payments as follows:

2025 2024
Group Charity Group Charity
£000 £000 £000 £000
Equipment leases -
Less than one year 351 284 375 306
Between two to five years 566 454 382 291
Greater than five years - - 9 -
Land and building leases -
Less than one year 594 427 483 430
Between two to five years 1,370 869 1,260 948
Greater than five years 1,030 362 1,404 568
========= ========= ========= =========

25. RELATED PARTY TRANSACTIONS

A number of charities, with separate trust deeds and trustees have related objects to Brighton College in that they may provide certain scholarships and other grants:

a) Brighton College Scholarship, Bursary and Prize Endowments – Charity No. 1078589

During the year ended 31 July 2025, the above charity provided scholarship grants totalling £233k (2024: £225k). The College leases certain properties from the charity. The College paid annual rental amounts under the leases of £233k in the year to 31 July 2025. No amounts at 31 July 2025 (2024: £nil) were owing from or to Brighton College.

65

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

A scheme made by the Charity Commissioners on 21 June 2001 renamed this charity “The Cooper Rawson Foundation”, the trustee of which is for the time being that of Brighton College Scholarship, Bursary and Prize Endowments. This is a linked charity at the Charity Commission and therefore aggregated for reporting purposes.

At 31 July 2025, the balance available to the College amounted to £63k (2024: £63k). The net assets of the above fund is not included in the financial statements of the Group.

The school is a subsidiary charity of the College. The following governors of the College during the year were also governors of St Christopher’s School, Hove: Mr A Underwood.

The College acts as guarantor in respect of the property leases held by the school.

f)

The school is a subsidiary charity of the College. The following governors of the College during the year were also governors of Newells School Trust Limited: Mr M Templeman.

During the year, there were no donations received from nor pledges made by governors (2024: £nil). Expenses payable to governors are detailed in note 7.

There were no other related party transactions in the current or preceding accounting period.

During the year ended 31 July 2025, the College provided goods and services of £1.8m (2024:£1.4m) to Brighton College International Schools Ltd and received goods and services of £0.02m (2024:£0.01m). The balance owing to the College at 31 July 2025 was £3.2m (2024:£1.5m). In addition, gift aid of £3.2m (2024:£3.0m) was also due at the year end.

i) Brighton College Services Ltd

During the year ended 31 July 2025, the College provided goods and services of £0.4m (2024:£0.4m) to Brighton College Services Ltd and received goods and services of £0.5m (2024:£0.4m). The balance owing to the College at 31 July 2024 was £94k (2024:£62k). In addition, gift aid of £157k (2024:£147k) was due at the year end.

26. DISCLOSURE OF CONTROL

Brighton College is controlled by the governors of Brighton College.

66

BRIGHTON COLLEGE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 JULY 2025

Restricted Public
Unrestricted funds & Endowed Benefit Total Total
PRIOR YEAR School Other Funds Fund Funds Funds
COMPARATIVE
2024 2024 2024 2024 2024 2023
Notes £000 £000 £000 £000 £000 £000
INCOME & ENDOWMENTS FROM:
Charitable activities
School fees 1(a) 60,672 - - - 60,672 56,868
Other educational income 2 2,318 - - - 2,318 2,389
Other ancillary income 2,4 1,783 5,286 - - 7,069 5,853
Voluntary income
Grants and donations 603 - 1,588 41 2,232 2,191
Other trading activities
Non-ancillary trading:
- Trading turnover 4 - 808 - - 808 883
- Rents and lettings 4 - 4 225 - 229 226
Investments
Investment income 3 390 57 86 249 782 632
------------------------ ------------------------ ------------------------ --------------------- ------------------------ ------------------------
Total income 65,766 6,155 1,899 290 74,110 69,042
EXPENDITURE ON:
Raising funds
Non-ancillary trading - 475 - - 475 524
Financing costs under
advance fee contracts 76 - - - 76 95
Other financing costs 217 4 - 11 232 475
------------------------ ------------------------ ------------------------ --------------------- ------------------------ ------------------------
293 479 - 11 783 1,094
Charitable expenditure
Schools operating costs 60,180 2,291 946 - 63,417 59,075
-------------------------- ------------------------ ------------------------ --------------------- -------------------------- --------------------------
Total expenditure 5,6,7 60,473 2,770 946 11 64,200 60,169
-------------------------- ------------------------ ------------------------ --------------------- -------------------------- --------------------------
Net income before transfers 5,293 3,385 953 279 9,910 8,874
and investment gains
Investment (losses)/gains 10 - - (299) 937 638 449
-------------------------- ------------------------ ------------------------ --------------------- -------------------------- --------------------------
Net Income 5,293 3,385 654 1,216 10,548 9,323
Derivative fair value (loss)/gain 11 (463) - - - (463) 525
Pension scheme actuarial gains 16 96 - - - 96 82
Transfers between funds 20 2,512 (2,855) (782) 1,125 - -
-------------------------- ------------------------ ------------------------ --------------------- -------------------------- --------------------------
NET MOVEMENT IN FUNDS 7,438 530 (128) 2,341 10,181 9,930
Fund balance brought forward
at 1 August 2023 115,919 4,224 9,436 11,669 141,248 131,318
-------------------------- -------------------------- ------------------------ -------------------------- -------------------------- --------------------------
Fund balance carried 17,18 123,357 4,754 9,308 14,010 151,429 141,248
forward at 31 July 2024 19
============ ============ =========== ============ ============ ============

67