Company Rggistrabon No. 00859223 {England and Wal88)
Charity Registration No. 307852 (England and W818sI
WELLESLEY HOUSE AND ST PEfER'S COURT
EDUCATIONAL TRUST LIMITED
REPORT AND FINANCIAL STATEMETrIts
FOR THE YEAR ENDED
30 SEPTEMBER 2025

WELLESLEY HOUSE AND ST PETER'S COURT EDUCATIONAL TRUST LIMITED
CONTENTS
FOR THE YEAR ENDED 30 SEPTEM8ER 2025
CONTENTS
Pago
Dlrector8 and company Infomation
GovemDrs' report
Independent examineTS' report
Statsment of flnandal acti￿￿8$
Balance sheet
Notes to the financl81 statements
Pag8 1

WELLESLEY HOUSE AND ST PETER'S COURT EDUCATIONAL TRUST LIMITED
DIRECTORS AND COMPAMY INFORDIATION
FOR THE YEAR ENDED 30 SEPTEMBER 2025
DIRECTORS AND COMPANY INFORMATION
Dlrgctors {Govgrnors of the Trust)
P J Woodhouse Ichalrmanl
Mrs K Fenwck
JMWSal8
D Royds
J Jackson
A Land
K MoTg8n
J Hammond
G Woodhouse
Secretary ar￿ reglstored offlco
Mrs B A Parsofts
Wellesley House & St Pelerfs Court Educational
Trust Limited
Jo 6 Kn'.ghtrid8T Slr6et
Sandwich
Kent CT13 9EW
Company reglstratlon numbw
LlJ859223
Charfty reglslratlon numbgr
307852
Indepondont Examlngr
J. A Griggs
Levicks Chartered Accountants
61 London Road
Aldstone
Kent
ME16 8TX
Solicltors
Boys & Maughan Solicitors
11-13 Hawley Stre8t
Margate
Kent CT9 1 PZ
Bankors
H8ndelsbanken PLC
Station Road East
C8nlerbury
Kent CT12BJ
Page 2

WELLESLEY HOUSE AND ST PETER'S COURT EDUCATIONAL TRUST LIMITED
GOVERNORS. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The GovemDrs, who are a150 Dlrpctors of the chartty lor the purposes of the Companies Act and Trustees
for the purpos8s of the Charities Act, submit their annu81 report and the Independently Temewed financial
statèments for the year ended 30 Sepl8mber 2025.
The financial slalemenls comply with the Companies Act 2(KJ6. Cha￿tieS Act 2011, Ihe Memorandum and
Articles of Association and Accounting and Rewrb'ng by Chariiles.. Stslempnt gf Recommended Prdclice
appllcabbe lo charitles preparing their accounts In aCc0Tdan￿ wth the Financial Reporting Stsndard
applicable in the UK IFRS 1021 Isewnd ed￿onI.
ADMINISTRATIVE INFORMAnoN
The cc>mp8ny Is 8n Educallonal TTUSt and as such is a recognised charity, whlch w8s r8glstered on 9 August
19e6. The company is litnited by guarantee and does not have a share capstal.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govornlng documerbt
The charfty is governed by Its Memorandum and Artides of Association last amended in June 2015.
Govemor5
The Board of Gc)vemors con5titut8S the DirectOTS of Ihe COTnpany. The list of GDV8rnors who held offlce at
the dale of this report is shown on page 2.
The Articles ofAssocl8tion prowde that there shall be no less than 5 GovemoTS and {unless otherwise
determinGd by Ordinary Resolution) shall not be subject to 8 maximum.
At the Annual General Meeting one third of the Govemors shall relirg from office by rotation. The &ivernors
lo retire in each yè8r are those who havp been longest in office Sin￿ Iheir last election or appolntmenl.
A retiring Govemor is then eligible for r&electlon.
Restructure of the Business
Following an extenslve searth to Ident￿Y a suitable pather to ensure optimal continuity of education LTrf the
puplls In accordan￿ with ils thoritable objecltve, the trustees entered Into an arrangemènt with Haddon Dene
subsidiary ol Alpha Schools IHDldingsl kn"mited.
Under the 18rn1s of the Asset Purchase Agreemant IAPAI. Alpha Schools IHoldingsl Llmited Is the opeTalor
of the school and is ihe tenant of the estate, which ramains In the ownership of the charity.
Completion of the trans8Ction was on 30 Septemtw 2021.
Governan
The Governors are responsible for the overall management and control of Wellesley House & St Peterfs
Court Educational Trust Limited and propose to meet annu811y unless lh8 Ch8lmian Twuests ftjrther meellngs
required.
The Tnjslees Iwho are also Dirgctors Df the charity for Ihe purposes of company law} are responsible for
preparing th? Trustees, Report and the Financial Statements in accordance v4ith applicable law and Unlted
Kingdom Accounting Stsndards Iunlled Klngdom Generally Accepted Accountsng Practice).
Page 3

WELLESLEY HOUSE AND ST PETER'S COURT EDUCAnONAL TRUST LIMrrED
GOVERNORS. REPORT
FOR ThE YEAR ENDED 30 SEPTEMBER 2025
From 1 October 2021 the day to day Tunning of the chaity was delegated lo Mrs Barbara Parsons who also
acts as Company S&crgtary and maintains frequ8nt contact wth the Chair.
All non.regular financial transactions over £1,000 are approved by al least on8 Director. Th8r8 aT8 no full lime
employees.
Th8 companYs M8morandum of ASs￿atIOn dated 4 May 1928 (altered by Special Resolution on 25
September 1951) empowers It to Invest and deal the moni8s of the company nDt immediatety requlred,
os11 Ihlnks fit.
New GDvemors are appoSnted by e￿sting Govemors and c8re is tsken l(J ensure that 811 nocessary skllls
and experfenc8 are represanted.
Each new DlrectOT is provided an induGUon pack and is expected lo attend one of the regularfy avallable
training tsJurses for new chadty Trustses.
Objectlves arKI Activitie¥
The companls prtnc5p81 charft8ble obj8ctiv8 is to maintain a school at Wellesley House in Broadstair5 al which
girls and boys are educated and lo award bursaries to puplls who wuld nol otherwise afford ID attend an
independent sctml.
As from 1st October 2021, the challty leases the premlses to Alpha Schoo'ls (Holding51 Limited which now
operates Well8sley Haddon Dene School.
Th8 Governors, principal objectiv6 is to onsure that the estate at Welles5ey House continues to educate
children. Under the teTms of the APA the school operated by Alpha Schools (HOldi￿s} kn"mlled wlll conttnue
lo educate ch11dren. The Gov8rnors ar8 ￿MMitr8d ID ensure that Ihe buildings are maintained safely and to
a hTgh standard and in line wth the demands of a leadlng Independent school.
Principle activitios of the y6ar
The principal activTiy of the charitable company durfng the year was to maintain and cary on Wellesley
House Schrjol as an Educational TTUSI.
S¢holarshlps ond Bursaries
The Govemors view bursaT7es arKI scholarships as important and believe Ih8t puplls benefit from Interacllng
and leamlng wlth a dlverse rang8 c)f peopl8. As such. it is important that access to the education and facilities is
not restricted only to those who can afford the fees.
Wellesley HDuse & Sl Peterfs Court Educational Trust Limitsd does not bongfit from endowment fundlng and
hSstorically has a sm811 amount of Snv@strn&nls. which do not generate signifitrdnt incoming funds.
In reviewing bursary requests. the charity must therefore ensure a balance between fee Pa￿ng p8rgnts, many
of whom make considerablo personal sacrtllces lo fvnd their child's education and those benefiting from awards.
Public B8nèfft
The Govèmors h8V8 glv8n Careful consideration tr) Ihe Charity Commission'5 geneTal guidance t)n Public
Benefit and prDPDse lo continue, as they have in the past, lo award burs8ri8s lo pupils who could not
otherwise afford an Independent education.
Page 4

WELLESLEY HOUSE AND ST PETER'S COURT EDUCATIONAL TRUST LIMITED
GOVERNORS. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Estates
The Governors have ?nteTed into an arr8ngemeYl w￿h a Ilmi of PTofessional surveyors whose r&mil as to
evaluate the pyorfty areas of the buildings and estate for invesbment by the tenant and to ensure that thè
spending commTtment by Alpha Schools {Holdingsl ￿Mited is met over the perioLI of the lease. Slnce the
acqulsiliDn, the professional surveyors have agreed vAth the tenant 8 schedul8 of completed works that are
consldered to be appropriate inv0Stmenl Ihal will enhance the condition of the bulldlrtgs and Improvo th8
tenant's ability to r8cruil pupils. which is Important to the charlty. The tenant 15 committed to further
enhancement of the maln bulldlngs.
FINANCIAL REVIEW AND RESULTS FOR THE YEAR
Flnanclal R•vlew
Total income for the year was £ 198.602
£130,781 {2024.. £130,418).
(2024-. £190.231}. Total èxpendllure In the year wa8
The ovarall net movement In funds is a profft of
£67,821
12024.. £59.813}.
As at 30 September 2025 the Charlty held unrestrcted reserves of £ 5,341.436 12024: £5,273,615).
Reserves Pollcy
The Directors, reserve policy is to maintain a sufficient level of reserves to en5UTe that tho Ch8riVs
contlnuing activlb'es can be maintained. The Dlreclors consider th& current level of reserves held to be
sufficient.
The reserves bal8nces are rewewed each yearto ensure they 8r8 strffityent to meet the operating costs for
slx months. The Governors believe the level of reserves is prudent and nècessary. Should th8 resoNes fall
signific8ntly below the target levd, the Tru5l will aim to restore the reserves as swn as possible.
Prlnclpal Rlsk$ and Uncertainties
Th8 Board of Governors are responsible for the managemenl of risks laced by Wellesley House & St Peter's
Court Educa￿onal Trust Limited and PLJts in place measuTes for their mitigation as part Df an annual
process. Governors consider that failure by the tenant to p8rf0rn) their obligalions under the APA and lease
15 the k&y uncertainty fDr the charfty. GovemoTS have conFmed that the tenant has purchased suitable
Insuranc8.
The chaTIty has certain t'me limilad obligauons to the purchaser of the school operations under the t8rFns of
the APA and has a Contingen￿ plan in place to meet poten￿81 liabiltties.
Th8 Govemors recognise that a point of contact is tequlred at welle￿eY Haddon D8ne,
The govemoT5 wll continue to woth WTth Mpha Schools to ensur8 suitable arrangements are1n place to ensure
thère Is pericKlic contsct and pr2venl any risk.
Going Concern
The chadty r&port8d a PTDfft in the year of £ 67.821
on unrestricted funds of £624,711 12024.. £570,603).
The GoverDor5 belleve that acb'ons already taken and fubjre actlons planned safeguard the charitls
financial viablllty and wll prove succ6sslul.
(2024- £59.813} and has nel curront assets
Page 5

WELLESLEY HOUSE AND ST PETER% COURT EDUCATIONAL TRUST UMITED
GOVERNORS. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Govemors have ￿n$051daled borr￿n9 on more favourable terms and consldeTS Ils relationshlp with the
bank to be strong going foTward. Future rental incoTne wll eX￿d the loan ￿PaYMents, with rental
incom8 b8ing received B quarter in advance from Apha Schools (Holdings) Limited.
Taking into acoount all aspects of Ihe position described above the Govemors beli?ve Ih81 the School has.
and will have, 8dequ8le rosources to continue in op8ratiDn forth8 fores8e3bl8 fuknT& with tho oporatlons
ol the school under Alpha Schod (Holdings} Lld management. For this Teason. they Bontinue to adopt the
golng concern ba51s Df ac£ounllng In prepadng the finand81 statements.
Loo￿ng Forward
The GDvemors anlicipale that ty will WOFk to meet the chaii.table objectives of Ihe company in th8 5am8
mann6r for the fo￿38Q8ble futuw. The Govemors wlS1 supeNse thè school's malntenance by malnlalnlng
contact with Alpha Schools (Holdings) Limtted and by regularfy ￿$￿ting the school on agreed dales.
(*vernors wlll consider applications for bursarlal ass'.stanc8 on a (sse by case basls from porsons
associated with the charity hamng submitted a means tested application. The Governors, decision to pro￿d&
bursadal support wlll follow an advertlsed pollcy.
Truste￿. Responslbilltl8S
The Tnjslees Iwhg are also DirKlprs of the charity for the PUTposes of ￿MpanY1?w) aro responsible fgr
preparing the TrJst88's Report and the financial ststemgnts in accordanc8 wth 8pplic8ble18w and
Unlled Kingdom A-counting Standards (United kn'ngdom Generally Accepted Accounting Practice).
Company law requlres the Trvslees lo prepare financial statements lor each fin8nclal year which glve
true and fair wew of the stste of affairs of the ch8ritable Gompany and the incoming resources and applicatitsn
of resources, Including the income and expenditure. of the charflable company for that periDd. In pr￿arIng
these flnanclal statements, the Trustees are requlred to..
select suitable accounting policies and then apply them consistently.,
obseNe the methods and prinaples In CharTties SORP IFRS 102}',
make judgemer)ts and estimates that are reasonable and prudent.,
ststs wheth&r 8pplie8ble UK 8C¢Dunting standards hav8 been lollowed, subjocl to 8ny material
departures disclosed and explained in the financial statements..
prepare the flnandal stalemenls on the golng c0￿M basls unless11 Is Inappyidate ID presume
that the charity wll continue in bu51ness.
Th8 Trusle8s aT8 rasponsibl8 for kéeping prop8r accounltng records that disdose wlth roasonabl8 accuracy al
any time the financial position of the charttable company and enable thèm to ensure that the flnancial
slalemenls comply wlth the Companies Act 2006. They are also respr)nslble for safeguarding the assets of the
haritable cornpany and hence for taking TeasDnablp steps for the prevention and detecuon Df fraud and other
iffagularlti8S.
Small companl&s provlslons
This rgport has boen PT8par8d in accordance the special prowisions of Part 15 of the Componies Act 2006
applic4ble lo companie8 entitled to the small companSes exomption.
This report was approved by order of the bo8rd.
B Parsons
Secrètary
6th March 2026
Page 6

WELLESLEY HOUSE AND ST PETER'S COURT EDUCAnoNAL TRUST LIMITED
INDEPENDENT EXAMINERS REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
report lo the chaThty trnstees on my examination of the accounts of the company for the year ended
30 Septèmber 2025, whlch 8re sat on pag&s 8 to 16.
Rg$pon$lbillties aNJ basls of roport
As the charfty's tnJst88s of the company (and also tts directors for the purpos8s of company lawl you arg
responsible for the preparation of Ihe accounts in accordance wilh 1he requirements Df the Cornpanies Act
20061"Ih? 2006 Act").
Having satisf18d myself that Ihe accounts of th8 company are not required to be audited under Part 16 of th8
2006 Act and are ellglble for I￿ePendent examination. I report in respect of rny exaTnin8tson of yDur
harlty's ac￿unIS as caTried out under section 145 of Ihe Charilles Act 2011 {th8 '2011 Act").
In carrying Dut my 8xamination I have followed the directions given by the Charity Commlsslon under sectign
1451SMbl of the 2011 Act.
Independent examiner￿ statement
I have completed my examlnation. l Confinm thal no matters have ￿me to ny attention in conn&cllon wlth
the examination giwng rne cause to believe..
accounting recL¥rds were not kept in respect of the company as required by section 386 of the
2006 Ac( or
{21
the accounts do not accord with those ac(x)unUng recofds., or
131
fhe accounts do nol comply thg a(%ountiTrJ requiTemenls of secuon 396 of the 2006 Act
other than any requlrement that the accounts gNe a Irue and fairf which is not a matter
onsidered as part of an independent examin8tion', or
14}
the accounts have not been prep8r8d in accordance wlth the methods and prin￿pIeS of the
st8lemenl of RecommeThled Practice for a￿OUnting and TepK)rting by charities applicable
lo charities preparing their accounts In a￿ordanCe with th8 FinanrAal RepoTtlng Standards
applicable in Ihe UK and Republic of Ireland (FRS 102).
I have no concerns and have com8 across no otheT matteTS in connedton wlh the examinauon lo whlch
8ttention shoLJld be drawn in thls report in order to eT)able a proper understanding of the accounts lo be
reached.
J A Grlggs
LÈvick$ Chartered Accountants & BUSIn￿ Advisers
61 Ltsndon Road
aidston8
K8ril
ME16 8TX
12 Mgr¢h 2026
Page 7

WELLESLEY HOUSE AND ST PETER'S couirr EDUCATIONAL TRUST LIMITED
STATEMENT OF FINANCIAL ACTpirrtES
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Total
Totryl
Year
Funds
Funds
2025
2024
INCOME FROPI
Ch&￿tabl0 Actlvltt•S
Rental Incotn
Granlg and Donations
T￿nsfer
Invgstmonts
176,697
170,fj97
171,350
21.905
21,gDS
18,881
Total Incom¢
198.602
198 602
190,231
EXPENDITURE ON
Charftablo ActMIIo5
Pwmlses
Insurancè
Loan Inte￿st
L08n AryarvJ8rn8nt F88
B8nk Charg88
Profgsslonal Fe88
Y￿ep8ndent Exarnlner Fees
Adminlstslion Costs
General Expenses
Depreciaton
1,492
21,408
51,398
4,500
365
5.648
1.614
12,000
136
21.408
51,398
4,500
365
20,256
52,836
4,50D
13281
2,104
1512
12,000
89
32,220
1,614
12,000
136
31220
Totsl 0xpon￿lt￿
130.7B1
130,781
130.418
0th6r Recogni5ed Galn5
Profit on sale of fixgd asset
Net m0￿M•￿t In
67,821
6T,821
59.813
Balantss broughtforward at 10(*ober 2024
5273&15
82N61
5,355,678
5,295,8
Balances C8Tri8d foTvaTd 8t 30 septembBr2￿2S
5J41A36
B2.061
5N23,497
5.355 87e
The 5tstemenl of finan￿al aL￿￿tIeS i[￿u￿e5 all gain5 a￿j hx5e5 rec4)gni5Bd in the ygar. The nD(&5 on 10 10 18 form part of
th85e financi21 stat&m8nt8.
Page 8

WELLESLEY HOUSE AND ST PETER'S COURT EDUCATIONAL TRLIST UMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2028
2025
2024
Flx•d a$s•t$
Tanglble a88ets
6,128A32
6.160ffj52
Current a88et8
DebtDrs.' falllng due wlthln
ofie year
Dvbtor8.' falllng due after
oftp ye8r
Cash at bank and In hand
5.95CI
4,500
667,101
677.551
703.872
708,372
¢r•dltor•'. emounts ￿lIng
du8 wlthin one year
183.6611
1106.948}
NBt currenllllBbtiitlgsy
a8BalB
624.711
570,603
Total astsats18&s eurrnnt
Ilabllllltss
6.753.144
6.731255
Cr8dltor8: arnounts f8111ng
due after on8 year
8ank loan
{1J29,646}
I1,375￿7￿)
Not a888ts
6,42JA97
5J55.876
TnlAI ftJnrlA
81061
5.341,436
62,U61
5.273,616
Unr88triGt&l
5.423h97
5,355,676
The nole5 on pagss 10 to 16 form partoflhe5e finanoal staleryswts.
For the year ondlw 30 Sgptember 2025 thatttywas to ÈxompiTon from audltunders8cti(
477 of the Compani$s A¢i2006 rokung to small tompani89.
Dir&Gtors' repsonsbilthe$.'
-The m8mb8ts ha￿ not r8quira th8 wmpany1D oblaln an 8￿J￿0f Ils finand81 stst8ments lor th8 y
In quttlon'n accordanc8 With sethon 476.,
- Thè dlrecth ad(nO￿ledge Ihelr reSpOn￿bIlIteS tsr cOmp￿Tra ￿￿th the r8quIr￿ne￿LOf theArt*ith resp￿1
to accoun¥ng records and the preparalon of finanual statements.
Th888 flnanclal Stst8m￿ts have been pre￿r9d In accoThlBncel￿th the vov￿￿n5appllCSl￿e to o)mpanie5
subject to sm811 cJ)mpail85' regirno.
4DpfDvBd bythe Board on
6th Vorth 2￿26
PhlllpWtsodh¢)uÈè
Company numb¢r 00859223
Pago 9

WELLESLEY HOUSE AND ST PETERS COURT EDUCATIONAL TRUST LIMrtED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
A Basls of •ecountlng
The accounts hava b88n pr8parèd In accordance wlth the Companles Act 2D06 and the Stst8m8nt tsf R8comm8ndad
Praclic8-. Accounting and Reporting by Ch8Tib88 prepariry thei". accouTrts In accordance wth the Financial Reporting
standard applicable In the UK and RepublSc of IreAnd IFRS 102XSecond Edrfonl and thè Flnanclal Reportlng Standard
ppllcablè In thè un￿£d Kingdom and Rèpubli¢ of Irg18nd IFRS 10218nd th& Charibès Act 2011. The flnanclal Btat&ments
are prepaT8d on the hlstorical cost ba￿s.
The accounts are prepared In sterflng, ￿[ch is the fijnctional currency of tha Charity. Monetary amounts In thas6
financial 5181gments are rounded to the nearest £.
The Charlty constittrtgs a publlc benefft entity as defined by FRS 102.
The follDwing accoUn￿ng policies have been applied o)nsistenUy In deali￿￿ with Items ¥thich are cansidered material In
relalion to the financial statsrllents.
B Golng Concern
The ChaTity reported a net movemenl in fvnds of £67.Kd1 and ha5 net CUTrent assets on unrestrtcted fijnds of £624,711
s at 30 September 2025.
ThB Govemors agTe&d in 2021 that in the best inlorests of the Charity, that the School be sold to Alpha Schools
IHDldingsl Limited. This transaction completed on 151 October 2021. The land and buildlngs are relained by the Chorfty
and are I￿8￿d for 30 ygars to Aph8 Schools. Followrvj thg repaymenl of the cr8dilor owing lo Alpha SGhoDls, the fvtur6
rental income will be receNed quartefiy in advan￿ and wll exceed quarterfy loan repayments.
T8king into 8¢count all aspects of the p)sition of the cha￿ty. th& GovemorB have a reasonabl8 expgctalion thatthe
Charity has and wll have adequale r2sDurces to continL* in operation forthe foreseeable future. For this reason, they
continue lo adopt the going ¢on¢eTn basis (>f ac¢ounting in prèparing the ffinan¢ial slalements.
C Incomg
Rental income recelvable and sSmllar eamed Income are CTedited to the Statem8nt of Flnanclal Actlvltl6s ISOFAI In the
year forwhich they are due. Deferred income represeTts amounts r8ceNed for fvknTe ￿TIOdS and is released lo the
SOFA in futUTe periods ￿en Ihe se￿ce Is pThided.
Donations ar9 accounted for as and when enttilement arise5, the amount can be rdiably quantffied and the ￿onoMIC
b6nefit to thè Trust Is consld&rèd probablè.
Gms of assets and servlces are recognised al Ihe tlme of re￿Ipt at thelr value to the Chartty when thè benèfft 16
r8agDnablè, m8asurÈbl8 and quantrhab￿,
D Expendltur¢
Expendlture Is accru￿ as soon as a IlabilNy Is consKlered probable. dlscounted tr) pres&nl value for ltsngertsrm li8blliUès.
Gr8nl$ awarded are recognised when IheTe is a legal or constructive oblualion to pay for expenditure. All costs hav8
been dIrec￿Y attribuied lo one ol the fundonal categories of resoures expended in the Stslwnent of Fingn¢ial A¢tivities.
Thè Tnjst is not rogi8tered forVAT and a{￿r￿1ng1Y eynditurg 18 shv•ffl gross of VAT.
GovemanGe ¢05ts tho cost of running the Charity. induding 5tratsgic planning for ts future development,
extemal audit, and all the costs of complying wth constitutional and stabjtory reqU1￿Ments. such as the cost of Dlrectors
and crJmmSttee mgdNJs and preparfng ststutory a¢¢ounts.
E Tanglble flx?d assets
Tangible fixed assets a￿ stated at le￿￿ d&preclation. DeP￿tiatr"0￿ is reTr)gnised so as to write off the c(￿￿t of as8els
18SS thèir residual values over their useful Iiv8s on the followng ba888'.
Freehold land
Freehold buildiws
over 50 years on Cost
F As$*ts h•ld for $al¥
Any pit)pety th8t is actively markstgd for¥ale is induded in cul￿nI assgts. Assets ar8 hold 81 tho best èsfjmate of the
sal&s price less costs lo sell.
Page 10

WELLESLEY HOUSE AND ST PETERS COURT EDUCATIONAL TRUST LIMrrED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
G D•btors
Trade and other debtors are r8CLxJnised at the 8etUemgnt amourt due aftgr any trade discounl offered. Prepayments ar6
valued al the amount prepaid net of any trade dSscounts due.
H Cash at bank and In hand
Cash al bank and cash in hand indudes cash 8nd Short lem hKJhty liquld invesbnents with a short maturtty ofthreo
months or from the dale of acqUIs￿On or openiTrJ of the deposit or Similar account.
I Crodltors
Creditors are recognised where the Trust ha8 a pre58nt obligatK)n TBsulting from a past evenl that ￿11 probably ￿sU11 in
Ihe transfor offijnds to a thlrd paty and the amount due to setle the obligation can be mtsasured or estimated roliabty.
Creditors are nomalty re¢(KJni8ed * thwr setuoment amount after allowng for any trade discounts due.
J Fun(1 Accountlng- unr•strlct•d funds
Funds h81d by the Ch8rtLy are either.
Unrestdcted geieral fvnds
These are fvnds vthich can be used In a¢cordan¢& ￿ the ¢harftablo objecls al the discretion of the Govemors.
Unre5trtcted dgsignated funds
Thesè ar& unrestiicted general fund5 set aside by the Govemors fora specrfic purpo88.
K Fund Accountlng- restTlctsd fvnds
Rgthctgd lunds 8rtse Mthen the donor specffies howtheir donation Should be spent Dr by the tsrms of appeal. Further
detail can b8 seen in Nots 11.
L Taxatlon
Th8 Trust is a r8glst&r8d Charfty 8nd Income Is not liable to taxation as il is applied to ￿OllY chaTitable purpD5es.
M Financlal In8truments
Tho ChaTty only ha5 finand81 assets and flnandal Ilabllllles of a klnd that qualfy as bagc ffnancial instwmènts. Baslc
flnancial instruments are inthally rec(yJni8ed at transathon valuè and subs&qu6ndy meaSU￿d at their setuement value
th thè exc&ptlon ol bank loans vthich a￿ subsequently measured at amoThsed c4)st using the effoclNe interest mathod.
The Charity has 8elecled to apply the provtsions of S&cbon 11 Baslc Flnanclal Instruments, and Section 12 '01her
Flnandal Inslruments Issues, of FRS 102 to all of its flnancial irthmerts.
N Crltlcal accountiftg judgèmènts #nd k•y SoUr￿S of •slmarfon unc•rtalnty
The PTepaTatwJn of the financial statemerrts in accordance wllh FRS 102 requires Ihe twstees to make estimate8 and
assumplSons concerning the future. The estsmates and assumptions th81 could hav8 8 significanl risk of Causing a
matedal 8dju8trnont lo tho carying amounts of assets and liabillties vithin the next ￿nan￿al year Include accru815,
depreclation, freehold building rgstdual walu8s 8nd wenue reCogn￿on. Th& accounung In th6s6 areas of the accounts
rèquiras m8nag&menttO US8 ludgament.
In relation to accruals this 18 a best estimats Df cDsts that wll inGyr￿￿ based on contracbjal requlTernent5.
For (tgprecialK)n these eslmates arè drlven by the usefijl economic life of Ihe as8oci8led a88ets.
1 Income recelvable
2025
2024
Faes r￿1Vable consi%t of:
Rental Income
176,897
171,350
Pag611

WELLESLEY HOUSE AND ST PETERS COURT EDUCATIONAL TRUST LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2 Grants and donatlons
2025
2024
Donations
3 Investment IncomB
2025
2024
Interest recelvable
21,905
18,881
4 Cost of ral8lng funds
2025
2024
IntaTg8t payable
51,398
52,$36
5 Emplo>po$
There arè no èmploye￿.
No Dirertor received any remuneTation during the year12024". nill. DvrirvJ the y8ar £ nil was rèlmbursad to DlrectorB for
oxpens8s12024'. nlll.
6 Analysls of Premlses costs
2025
2024
uuiit188
Repairs
Bu8lness Rates refund
1,492
5,229
1,492
5.229
7 Tangiblo flxod a$5èt9
2025
FTBehold
land &
bulldin9S
Cost or valuatlon
1 Octob8r 2024
Additions
Dlsposal
6.524É032
30 September 2025
6.524,032
Depreclatlon
1 Oclobor 2024
363,380
Chargè forth8 p&rtod
32,220
30 Sopl¢mbtsr 2025
395,600
Nèt book valuè
30 September 2025
6,128A32
30 Seplerrbber 2024
6,160,652
Pagg 12

WELLESLEY HOUSE AND ST PETERS COURT EDUCATIONAL TRUST LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
8 DgbtorB
2025
2024
Oue ¥￿thIn on& year.
TTade debtors
Prep8ym6nls and accrued income
Loan ATran9eTnenl fee
1,450
4.500
4,500
4.500
5,950
Falllng due after onè year.
Loan Arrangement fee
4,500
9 Cr•dltors falllng du• wlthln on• ￿or
2025
2024
Arnounts falling duo wtthin one year.
Amc*unt ￿ng to Alpha Schools
B8nk108n
other Greditors and accruals
25,206
47.634
34,106
46.270
37,392
83,661
106,948
Credltor8 falllng due over one ￿ar
2025
2024
Bank108n¥
1.329.646
1,375.579
Bank loans are anatysed as follows-.
2025
2024
OvgT ￿ve years
Wlthln two to fiv8 yea
Wllhin one lo iwo y8a
Wlthln one year
1,206,725
83,227
1,206,725
122,921
45,933
47,634
1,423,213
4fj,270
1.375.917
Thè amount owng to Alpha Schools Ltd consists of the apporuonment sale balanc& of
12024.. £25.2081
£nil
During 2021 the Charity Tefinanced wth HandeL8b8n￿n PLC
The loan is fixed fgr S years at an interest rate of 3.67% per annum. compTl%ng the core fixed rate of 1.37%
plus a margin at 2.3 /0.
The total outstanding at year end was
£1,368,C¥J8 {2024'. £1.404.9941.
Durfng 2020 the Charity sec#JTed futher loan fun¢Jing in the form of a Bounce Bad( Loan of £50,000.
Th& fixgd inlergst rale is 2.5V• and th& loan is repayabSe in instslm¢nts.
The total outstandlro at year end wras
£7,908
12024.. £18,219).
The loans are secured by fixed and floatlng charges OV8rthe fr88hold land and buildlng8 and assets Df Ihe school.
Page 13

WELLESLEY HOUSE AND ST PETERS COURT EDUCAMONAL TRUST LIMrrED
NOTES TO THE AcCOUP￿s
FOR THE YEAR ENDED 30 SEPTEMBER 2025
10 Fundts
IrKom•
Exp•nditure
1 October
2024
30 September
2025
Bursary Appeal Fund
82,061
82,081
82,061
Unrestricted Funds
General
1273.815
19B,602
1130.7811
5,341,436
5,273,815
198.602
1130,7811
5.341,436
Total unrestTiCt8d fund8
5,355,676
198.602
-130.781
5,423,497
Total funds
Previous de&gnations regarding bursaries and improvements to thg bullding8 ha￿ been superced￿J followw the
transfer ID Alpha School$. Therefore all unrestricled reseTves of the Chartty are held at the Trusle8s' di8creUDn.
The Bursary Appeal Fund a¢¢ount 1$ ft>rfunds re￿￿1 from past pBr8nts as don8lons so the Charity can offer
financial assistance the award of a bursary.
Expandlturo
1 0¢10￿r
2023
30 SBptemb8r
2024
RestrScled
Bursary Appèal Fund
82.061
82.061
2,061
82,061
r881
General
5,213,802
19).231
(130.4181
5,273,615
5,213.802
190.231
1130,4181
5.273,615
Total unreSIr￿ed funds
Total fund8
5295.863
1￿)231
1130,418}
5,355,676
11 Analy318 of net assots between fijnds
Unrestrlcted Restrlcted
2025
2025
Total
2025
Total
2024
Tanglble fixed assets
Current Iliabilitie8y8ss8t$
Lr)ng temi liobilthes
128.432
542,650
(1,329.6401
6.128,432
6,160,652
624,711
570,603
11,329,fj461 {1.375.5791
82,061
5.341,436
82.061
5A23A97
5,355,676
Analys19 of not •$s•ts bètw••n funds120241
Unrestrkt8d
2024
Rgsthclpd
2024
Totsl
2024
T8ngibl8 ffixad Bssets
Current Iliabilitiesvassets
Long tarni liobllld8S
8,160,652
488.542
1,375,579
5.273.615
6,160,652
570,603
1,375,579
5,355,676
2,061
82.061
Page 14

IELLESLEY HOUSE AND ST PETERS COURT EDUCATIONAL TRUST LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
12 Related Partl8¥
TheT8 ￿18 no oth&r rolatèd paty transoctions In the year12024: none) .
13 Invg¥tmgnt In $ub$ldlary
Thg Charity is the sole shaTehokl8r in W$llè$lgy Housa School Enterprlses Limlted, a tradi￿ cy)mpany Inctsrporaled In
Aprfl 1994. Thg compony has not traded to date and Is 3 dormant COmP8ny.
14 Rwrganlsatlun of thg bu$lnes8
On 30 September 2021 wel￿818Y House and Sl Petsr Court ¢ompl&ted on the sal& of Ihe assets ofthe busin9s8 tr>
Haddon D&ne, a subsidlary of Apha Schools (Holdings} Ltd. This was announced to the staff, par¢nts, pupils and other
stakeholders in October 2021. Th& transaction compl8t¢d on 1 Oclober 2021. At that date the trade and ass8ts wère
tronsferred in return for an annuallgase Premium. A number of propertie8, a88￿18￿dID5nS And cash balance8 have
b88n retained and may be used to gènèrat8 Incomè in the future.
AS at 30 Septèmbèr 2025 £nll 12024 r25.20B) Wds to Alpha Schools.
Wellesley HOU￿ and Sl Fgter Court wll continue to &￿st as a charltablo company limited by gu8ranl88.
Pag6 15

WELLESLEY HOUSE AND ST PEIERS COURT EDUCATIONAL TRUST LIMrrED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 3LI SEPTEMBER 2025
15 ComparatSve InfoTmatlon
Unreth¢led
fvnds
Restricted
nds
Totsl
2024
INCOME FROM
Charltable ActEYltlg
Rental Incorng
Gr8ntg and Donotions
Transfer
Inv•stm•nts
171.350
171,350
1B.6B1
18.881
Total Income
1W),231
19D.231
EXPENDITURE ON
Ralslng funds Charitable Advltlos
Pramls@s
Insuran
Loan Interest
Loan arrangemgnt fee
Bank charges
Audlt & prof8sslonal fees
Indepgndent Exatninor FBe
Admlnlstratlon costs
Gènèral Éxpenses
D8PTeclatitsn
5.229
20,256
52,836
5,229
20,256
52,836
4,500
328
2.104
1,512
12,000
89
32,220
328
2.104
1.512
12.000
89
32.220
Total expgnditure
130.418
130,418
other Recognis•d Galns
Profit frorn sale of finxed asset
Net Income
59.813
59.813
Funds brought for4vard at 1 Octobgr
2023
5.213,802
82,061
5.295,863
Funds carrted forward at 30
S&ptemb&r 2024
5.273.615
82,061
5,355,676
Trè statement of financial activities iryclucles 811 gains arKI losses recognlsed In the year. The notes on pwJes
10-16 fom part of the8e fjnan¢ial ststemenis.
Pag8 16