Registere(I number.. 01047287 Charity number.. 309094 ST PIRAN'S SCHOOL LIMITED (A Company Limited by Guarantee) GOVERNORS, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ST PIRAN'S SCHOOL UMITED IA Company Limitgd by Guarantgel CONTENTS Pa Roforfjn￿ and administrativ• dotails Govgmor5' annual r•port Gov•morn' r•sponsiknlitieS stslgmpnt Ind•p•nd•nt auditor's roport 10 5tat•m•nt of financial •ctiv•ti•s 14 Balanc• $hwt 15 Cash flow 51al8mwnt 17 NotOS to tr* financial statom•nts 18 ST PIRAN'S SCHOOL LIIAITED IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDID 31 AUGUST 202S Gov•rr￿r$ Mr5 K J S Taylcf (Chairl trs A Bizior 5 R Doctor 5CFry Mr C D Kendall Reverend SM Lynch IResigned 25 June 20251 Mr5 E Marriner Mrs H Ness-&ff ord Mrs S Rees-Evans IApponied 15 February 20251 Mr L Sidhu Mr O Subrarnanian Mrs H Subramanian Mr P J Thomas Mr5 H Kcevil (Appointed 25 June 2025. Resi91e¢Y 28 January 20261 Mr T Ethtrton IAppobiied 2S November 2025 Indopondont Auditor MHA ChartCTed Accountants Siatutcry AudilcY3 Building 4 Foundation Park Roxborough W Maidenhcad SL6 3UD Kay Managemènt Pefsonngl Mr S Saics IHcadl Mr J Harlc Ibursari Mrs C Earp (Deputy Head- Pasloral) Mr S Robinson IDeputy Head - Aeademicl Mis J Richmond IAssisiant Head -4cacJ d EYFSI Mrs K Saunders IA5S151anl Head and Joint SENCOI Mr5 8 Bailcy IRelffed 11 July 251 Solicrtor$ Vcale WasLY¢xyJh Vizard5 LLP Narrow iJJay House Narrow (JJay Bfisc ESI 4QA Company S•¢r•tary Mr J Harle (Appointed I September2024) Bank•rs Principal and R6gistor•d Office Sl Piran's Schoc4 Lmited Gringer Hill Maidcnhcad Berkshire SL6 7LZ 8ar¢l*s Bar* Flc Wwham Court 11 Westw tsAf￿d OX2 OJB Page 1 ST PIRAN'S SCHOOL LIMITED IA Company Limitvd by Guaranteè) GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 202S The Governors 3re rdeased to present their annual Govern￿$. RepLMI together wrth the financial statements ol the charity for the year ended 31 August 2025 whch are wepaed to meet requiremenis for a drecltys, repoT1 ano accounts Companies Aci purposes The financial sl3lernenls ctry',y wth the Charities Act 2011 the Coryp¢inies Acl 2006. the Company's Memorandum dnd Art￿￿$ ol A550cialion and the Ac¢ounling avd Repixlin9 try Chdrities Sllilemenl of Recommended PraCt￿e applicable 10 Charities ISORP 20151 preparffig Ihoir accounts ￿ accordance wrth the F1nancial Roportin9 Stanthrd applicable ￿ tho UK ar.d Ropublic of Ircland IFRS 1021 The charity opefaies an Independeni school for PLrf)Ils agea 2 to 11 ye&s. serving the Maidenhead area There were 455 pupils on rdl at end of tf* year Under fev*w STRUCTURE, GOVERNANCE AND MANAGEMENT The charity ￿ a ¢ompany Iimiteo ￿ waranlee. The Charitab￿ company's Memorandurn and Art￿￿5 of As50cialion are the primary 9overning documents of the charity I he Governors of the charity ¥e also the dreGtus ol the Chaiilable corypany fry the ourp95es ol corry)any Law The charilatle GoTnpany is kmwn as St Piran's School Lirniled Govwnors Charity The Governor$ wtrJ have ser¥ed during ye* ending 31 Auwst 2025 were as follow$ Mrs K J S Taylor Ichairl Mrs A Bizior Mrs R Doctor MrsCFry Mr C D Kendaii Reverend. S M Lynch IRe51gned 25 June 20251 s E Marriner bhs H Ness-Gifford Mr$ S Ree5-Evan5 IAppoinled 15 February 20251 Mr L Sidhu Mr O Subralnanian $ H Subfomanion J rh)mas Ivks H Keevd (Apo￿nted 25 June 2025, Resigneo 28 janu￿ 20261 Membprs. Liability Each rne￿ber of the charitable company un¢eri8ke5 ID contrii*Jte to the 355et5 of Ihe Charitable coffyny r the event of it bein9 wouThJ LP while they *e 3 member. or wthin one year aftw rhey cease to be a ffEn*er. such 3mounl as ￿aY LE rewirea not exceeding £1. fly the debts and Iiakn"Irties contr¥led LYfoTe they ceased to t a member. Governor¥, Indgrnnili95 Governors benefit frcyn indernnity In$￿ance to covlv thetr liability which ty w*.ue ol any rule ol Lqw woAd olhwise *txh lo theffj IrF resFect of any neyFJence, defau,'I cf breach d trust c¥ breacn ￿ thty cl wkKh they THay ￿ guilty ￿ relatw)n to th2 chantabie Trva. I his ts covered With￿ the ovual Insurance costs fLY the Schocl. Pa9e 2 ST PIRAN'S SCHOOL LIMITEO IA Cotnpany Limited by Guarant8el GOVERNORS, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 M9thod of ReGruitrnent and Appointrnent or Election of Govemors Nev4 goverrors ￿¢ elected at a meetmg d the Governing Body wth rrjt kss than tree quarters ofthe Governing 8￿Y present and ty a vote d at least ￿e¢ quarters of the members woseni A new governgr ￿uSt be proposed election ty a membef d the Governing B¢>Jy ￿ all memDers 10 days prKJr ￿ the meeting al which their election B proposed Pollclgs and Procedurgs Adoplgd for thg In￿¢tIon and Trainng of Governors Prior kn ¢onfirmatk)n d the aw)ointment d a r¢w govemor. checks we undertaken to confirm formal Identification the right lo wgrlt UK a-d an Enhanced DBS application Is made. Qn confirrnalion a new governor Is provided wrth an Inducliop pack and brEfing by the Head and the Clerk to the Governor5 The Chair IS G¢vernors lumaiiy welcorycs new 9ovcrnors at their frsi ￿Ce1•ng Govcrnors rcccivc Internal briefing sessions on the S¢hool and areas releV￿t ¢0 ther sub-Com￿tr.ee membership Irf any) and attend School even15 and siaff 50ciallliaison a¢iwilies Thofe 6 a rcquircmènt fty govwwrs to af,end one e￿er￿al training scssion pcr year. Qrganisational Structw? The Gevernors are responsible Strateg￿ %*re¢Don and mainlenan¢e ef stgrdards within the School and ovei¥ee legal and regulatory Com￿lanCe. Responsibility f￿ managng the Schod lie5 wilh the Head, a551sled other rnembers cl the Key Managemcnl Team Arrangements ftx Setting Pay and Rem￿oratIon of Key Management Personnel Pay and remunffalion l¢y the Head and Bursar ￿ Set by the Governors. reference to benchmarked data. The pay and remuneratitsn Ic* Ot￿r key management persor.nei. Includin9 the Senior Leadership Team, responsible lor Ihe day-to-day runnin9 cl the School. ￿e set by (he Governcys cffi tie recomriendalions d the He3d Aims The Charity'5 objects as set ￿t n ts Memorandum and Articles d Assttiation ¥e to womote and provide for the advancernenl of educali¢n inclvding provision of day schoding for childrey. Within these charitable objects, the Charity is also requ¥ed to m31ntan premises known as St Piran's School and other prem1ses thai are owned by Ihe School. Amongst ofver responsibililies. the Scbool ShiyJld award prizes and scholarships to Pbpi15, cy prospective pupils. proficiepcy n acadernic St￿￿1eS ap.d games and to develop tlrough a wider sporting. artistK and Social proqrafflrne of study. the prwotup cl education generally. Including prov151on fEr the education and trairiryg d y05pectlveentr￿tS1o any clthe public schools and cgiie9e5, apd apply to that purpose I mories and property comin9 to rt This ks I￿tended to provide an environrnènt where each child can develop Independence eorlidefice, 5elf-motNatK)n. and a ￿n￿l￿e trjve d leaming. where each pupil can develop and fulyl their potentia. Objectives To provi(￿ ￿ excd*nt education lor ctlklren aged 2 tr1 11 ye*s In a c(Rducalional mixed ab11ily setting To equp the ctriklren 215t ¢￿tUry Learning Habits throu￿ teachng that exceeds ttrE Early Ye¥s and National Cwriculvm. To safeguard and w(￿￿￿>te the wdlare of every child whilst r the cafe (* Schod. To asses5 3nd address IIE educatK)nal need5 and potential of every Individual child in order to lead fuiffllng hves To Frovide a fI￿da￿C￿ fly childrens spiritual d¢v￿0pment and f(r an underslandng of rKJht and wrong within a clear Christian eikno5. Page 3 ST PIRAN'S SCHOOL LIMITED IA Company Limited by Guar￿teel GOVERNORS, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Obje¢iives Iconlinuedl TD develop children'senjoyrT*nl and under5tandiig of music and arts and to provide high quality tuition, experience and peiformanee opportunities n Ihose areas. To provide a wKYe range of OFVOnunities I￿ ch**en to develop their physical fitness ancl sportin9 ability and to wow w) social and Jea¢Jership skills. To prye chiklrèn f(x thè SL¢ce551ul tr*51ef b ts r￿1 cl￿1¢¢ of sonior 5¢htsol. In Setting obpcl'ves and planning aclivilies. Govemor5 Ik4ve given ¢aref(d Consideration to the Charity Commissions general 9uidance cn public benefii and. m P￿￿ul￿. SUFolemeniary public benefit guidance on arIvdncing erlucalion and on fee-charging Public Bgnofrt Statemenl and A¢ces¥ Polcy The Charity prncipally yovides educath)n n Maidenhead to boys and 9rl$ frtyn the a9e$ of 2 year5 to 11 ye¥$ Its sile n Gringer Hill The pupils benefit frun an o¢Jlslanding all-round edUcat￿n in a school that achieve5 excellent siandariJ5 Wlthin a strong School ¢ommun.ty Renforc￿g the Scknooi's Lhristian valuos pupils are encouraged to h3ve an apyeciation and awarene55 of peoDie around them le55 fortunate than Ihomselves The Sehoofs values of Fespoci. Inclusion ar.d Kindness. ¢oniinuo to be womoiod beyond St Piran s galtrs as Il* S¢hool strves 10 havc a powtivo and bernefi¢.'al impa¢1 wrth ts comrnunity In the aulumn the School again shared their Harve51 donatK)ns wth One Can Trusl and Foodshare. The School's Chapel Choir v151ted the Clara Court Re51donlial h9m¢ ty Ferfgrm Iheir annual servi¢e art Inviie5 were shorod tg waith the S¢htsol'5 production ol Th¢ Lion King The S¢hog1 su¢¢essfully '. w,draised for lty¢al and nalional cause5 Wrth Un¢efdog International, Lhildren n Need. Save the Chil(tren. and Nomber 22 Coth$eiifng. The School further grew its paflnerships wlh organisations and actsvilies Including rts twelfth South Alrta school exchange (partnership5 wlh C¢ydwalles and Sl John's SchoJ15 bascd In soulh A'.rical, a vist from t￿￿ Microsoft ieBm as part of rts Frfofle a5 a Micro5Qtl Showcase School. and str¢ngthenfftg 15 relatlQn5hip wth Number 22 counselling, a local cprnmunily Counsel1￿)9 5ef¥.'ce f¢y youn9 people and adults. wtmch ￿ a150 a reg￿tered charity. The School facilities are used extengvdy by the local community ￿ the evenin9s. weekends and during school holidays for a w.,de var￿tY of activities. The sc￿01 conlinued b meet demand fcy loca clubs and after-school and weekend 5wimrning lessons and 51JPPQrted community groups anu organisalions facilities and the School's minibu5 Ikel. T1￿ School welcomes pup..15 fiom all backgroune5 Prospective pupils Je interyEwed and assessed tp enswè that Ike School can e¢ucale an< develop each chrld to the itsi of Ihgr poieni,'al and ￿ line wlh the general siandsrds acheved by their pee[5 Entrance ￿tervieWS and assessments. which we age appropriate. *e undertaken lo satlsfy slèff and pJents Ihai tK05pcclive pupi15 wdl be able ts) cope wrth tre wdce d and therefore, benefil from ItE edkJca¢k)n provide¢ ty the Schocl kn indivicjual's econ(mc status, geri*. ethnicity. ra¢0 rdfgion ￿ d15abilily doe5 not fcwn pat of the assesswii proces& The School 15 ￿ ewal opportkjnity organis3lion and s comnJite¢ to a work￿9 en¥iromEnt that is free Ircm any I(￿ ￿ discriTrination on grounds o.. colour. ra￿. elhnicily. relis¥ofL gender. seKJaS Or￿ntab(￿ u dBatxlty The School wll wherever possible. make any reasonable adjustments to meet Ihe need5 cé staff (* pupils who e or become d15abled. The staff re91L¥￿ ¢*"stuss and c()nlritxrte to ts sc￿01 Strategy b enstjre thai (*)jeetiEs ae being rret. The Goverrors have complied wlh Ihe'.r 10 N3ve duc re93r¢ lo guidance on putlic wefit published by Charty Commission n exeiciw.g ikvr pryhErs ￿ dutie& Page 4 ST PIRAN'S SCHOOL LIMITED IA Company Limited Guaranteel GOVERNORS, ANNUAL REPORT ICONTINLIEDI FOR THE YEAR ENDED 31 AUGUST 2D25 Publlc Benefit Staterrnnt and Access Policy lcontin￿dI The Schocy sets (￿t to provkye a breadth of e(thJcation lo enable pupits to devekjp skills and talents which can be rnurt￿ed and supported In their time a the Scho￿ The S£￿0(0 6 comTittecl to safeguarding and prornot1ng the welfare of pupi15 and expects al slatf and vol￿teerS to th15 comrnitrnent Access u) the education offered is not restricted lo Ihosewh) affud I￿.e lees TD.e bursary policy. to￿et￿.erWrth links with local prirnary schools. conlribules lo a widening of access to the el*Ka1￿￿ olFwoJ Ihe lacililEs enpyed. The sch￿ pricSe5 If5ell n be￿9 part d a wider community. Including Staff and parents 11 also offers a reswrce to 5UPPOrt a r￿ge of educatonal acTrvities ',u me benefil of local teacher5 and c￿lILIren attending maintained schoo15 The Governors Je coryMitted lo developing a prograrTvne d co(pefalion arKts jonl working with local rnainlained junior and secondary sc￿001$ and, In addilffi. during school Inne Il offer5 Ils swirnming facilities lo local primary schools free of tharge anol a tlhrd schod duriw Ihe schwl holiday5 Tw) mernbers ￿ the SLT e also governcxs a kxal stsle sch(xYs. The Governors consider bwsary awards as importa)I In frelping to ensure children frcm larnilies who would not otherwise k able lo a￿￿d the fes lo ￿ceSS the educalDn offered The bursary awards are available to all who rneel the School's general ￿try Tequiremey)Is and we rnade solely based Tr) p*enlal rneans cr tr relieve hardship where a pupil's educati￿ and prospects wcth olhlywise te at risk, for example, in the case of redundancy Factors considered Include family income. assets. rweslrnenls. savings, and larrily circurnslaiices including dependanl rdalives and the number of siblings Fbwever. I￿.e s¢￿.001 does mt ￿.ave an enclowmeni and. wtren making awyds remains min(Jf¢Jl cl ac￿leving balance betrween fee.payinq parents. many of whcyn rnake considerable perscwl sacrrfices to luid their child's educab'on. and those benefiting frryn Ihe bursary awards Bwsary applicat￿nS we assessed IndeDendenlly by a third.party cornpany. STRA TEGIC REPORT Achlavomonts and Pèrformanc• For the perth Under re¥￿w. the SCINO was last Y*spected ty Isi In November 2022 to update and was judged to be 'Exceiient' n all areas. a very pleasing resull re￿ct￿9 and recognising I￿.e eff crts ￿ the whole staffing and Governng Body Ths judgement coninues (o Icrm a baSel￿e fcr assessin9 wwess achievement within t￿.e School Ouring the yew under re¥￿ the Senior Leadership Tean ncluded a Bursar. Deputy Heads who spht responsibilities between AcademK arK1 Pastor* and three 14ssistant Heads E¥ly Years. the Tailored Learning Cenlre, and Partners￿[p$ Inno¥ation. reycliv* Ttte Head of Finance was responsible fc financial matters The School continued lo ￿0W O¥er tr.e Course ￿ ttr,e under reV￿W Vls fnancial posilK)n continued to slrenglhery despite new challenges ￿ year Tfr.e School continued to achieve ai rts kry obFclive5 in the deliv cl an excellent educational environmenl'.tr lo-al I￿1￿$ seeknng wivate e&Jcation',or children a9ed frcffl 2 to 11 years old. in a c￿aUra[lOnal mxed ath"h"ty setting. mbers rdl were 454 at lfr.e end of Ihis repL￿ed year Retenticn of cwrffit Par￿tS and continued attrxi of rkw p*ents were the mapr fxi¢x5 achievernenr of a he￿tIry operatirhj surplus aftw depreciation ol £318K. which underpns fft Schods T￿9 temi pkn of n¥estin9 1) furtlv developing rts lacililies. The &tr.ool'S Iwus M a *lk>based aptxoach 10 le￿ning conlinuee to underpin the curriculum witfr. teacfr.ers K)rrt151ng the ski115 ch.ildren neecl. wittr tr.e airn ol giwng thildren sklls fv Ife In the 11+ the exarn￿atIOns the SCI￿￿ had a pass rate of /O?A. p5t un(Jer fhE five-year aver4e of 75% In addilifft. 27 scholarships to IndeP￿der}I 5enioF scIK)015 were awarded covvn9 SpoFi Acajemic. Mjsic awards. Page 5 ST PIRAN'S SCHOOL LIMITED IA Company Limited by GLtaranteel GOVERNORS. ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 ALIGUST 2025 Achievements anrl Performance Icontinued) The School Is non-seleGtive bul academic achievements We irnpiessive acioss all year giovp5 However the .%Ghool goes beywd pwdy 3cademiG achieVe￿ent and focuse¥ s(Kial skills, etnpalhy a.ld charity Reinforcin9 the .%chool's Ghrislian va￿e5. pupils we Involved n many charilable events and consideiing those lèss fortunate than themselves Gonl.'nues lo t￿ a t¢4)Ic d many assenblies and Peisonal Heallh ano Social Education classeo. As pwt d thè School's comrnilmenl lo slieng1he￿n9 pup.1 voice, leacership. and en9agemenl, thé School's Pupil Parli3meD.t conlirnueo 10 ¢Jpetaie fw 5tTL¢lL¥￿ ciJJncils ijur ng the ye* undei review Learning, Eco, Saleiy. and VVèllbei.Ig Edch council c(￿1[￿)ulea to Slraleg¢ pri￿111@S relaling to cuiiicJlLJm development. salèguarding. Sustainability, a)d p3510ral caie. OweJ5vJhl of Ihe counci15' wc¥k wa¥ mainiaineo Ihiough seniof leadeiship monitoring and regular reporti.ig Tl* Learning cOL￿cl5 supported enhancing t1￿ walily d leaching and leamin9 Pupils wdertgDk reviews classioom envir￿￿enis, provKets feedback rn learning behaviours. and contributed to the iefinerneni of urr.culum experiences. Includin9 PE an¢ enrichment oppor*unilies fh&r wcrfk ¥)formed 5e3deTship ¢ecisions regaraing leaining spaces and SuppL￿.el a cultJie of hHJh expec1ali￿S Ttre Eco Council 511 er)gthened pupil urtdeTstarttt.ng ¢Y environmental respg.ry$ibilily Wotkffjg irt partrter5hip with caieiing provioers, pupils ongaged In Inilialives focused on SUSlanabi5ily and W￿le rel1￿1 on Theii Involvement In exierna compeiilions and awareness campaigns he￿eC embed environmentally C￿scIouS beha¥iouis acfOSS IIE school community The Saleiy CoLJn¢il conlinued to support Ihe Schoofs health anc S3fcly prwamrne through pra¢t.¢& engagcmenl with local aulhcrf;'i es anil CommUn￿lY partneis Acliv.'l*s Induced proriiolir.g iespons+ble tiaveS advocating f safer routes lo school. and en$ur.,n9 weckly 331ety ¢he¢k3 wwe ¢arr*¢J The Wellbeirtg Louneil led ogramme of aclivil es airnec at promoting emoiiona5 phys.cal anc social wellbeing Key initiative5 In¢￿￿ed Fiienésliip Week. Mental Healll) awaien&s evertts. and 11)e devebpment ot calni suppor(Ive SFace5 wiihin the School The$e 3cliv.ties ¢tyrwlementea the S¢hool s W￿er pastor¥ trarrewc¥k and renlor¢ed a ¢uliure of ¢are. respect. and belong ng The 2024125 year aga'n Pfovided perfumance oppryt.unities fry pupils Recep(k)n and Pre-school performed Iheii Slarliglit Nal'v.ly n the Chrislmas Teim The F.asier terms term saw Ycal 3 porftyn both WEard of Oz, anc Yeai 6 clos& out the SLrrmer iam w*h Ihew p@frym￿e cé The Lm King. Al Chri$ima4 the Chapel c￿ performed at the Adv￿1 Chapel Service A busy picgamme ￿ l>Jlh re$l#en1￿ ￿ day tsijs trA* pbce Over the yeaf. ￿¢￿ding the Ye* 4 reshyential to Ichanls Hill. the ye￿ 5 residential ￿ Osrnngton eay. ￿ Yeai 6 Week-10￿ fesidenlial to Batt15boi(x House These vi&ts and aei.vibes *e one in wh".ch the School eniiches t1￿ cuiiiculwi lu children acr05S Schoc4 There was success agÉin fcy & Flran's a spons wlh a fLlI timetab￿ d home and ￿aY fixttxeg M all sports, givin9 all chilijren the chance b pwticpale Theie were nolatrjc achievemenis tA15 year Including Y, place finishes IAPS neltsall and tsjckèy reg..￿4 fnals a wn a the county IN)ckey townamem. In IUWY the U 11A b)y5' iu4)y leam made the rna of Negional cup. *knisl m footbJl tIE girls. lewn ahieved a thrd-pkce fin.'5n wlilst the U11A's reachco thc qbartei finals The crid¢et ieam reached 3,° place nationally as did IiampoliMg lea￿ third and fith ptKes wee Secured In gyrnnastics as wdl as tw) nationa sfv*s n swimming PaJe 6 ST PIRAN'5 SCHOOL LIMITED IA Company Limited by Guarantee) GOVERNORS. ANNUAL REPORT IGONTINUEDI FORTHEYEARENDED31AUGUST2025 Fundraising The St Piran's Society once again supported tl)e SclK)ol's sense of family and community IhToughout the year under revEw This year no e￿ernal fundraising orqanisaiicms wue used However. Ihe School moniiored fundraising activil%s carrtd (Wt on behalf of charity for purpose ol fund-raising, ty regular review wrth Ilr Headmaster and ilE Governors at IIE Finwce akNI General-Purpose meel￿gS. held termly. and brf regular socicty planning meetings that tooit p&ce Ihroughoui year charity received no complaints Wffth regards rts fundraising xiivibes for ye¥ The School ensured that rlv.e was sufftcEnl WotectK￿ for vulnerable people and other membcrs of public r) Ihe cwse of. tr li eonncclDn with. s￿￿ a¢tivities TfrEse protections included no aciive iy thecr pursual of fwd5 frcTr any party all evenis being optional. and a provision to allow access to events during tirnes of hardship. * dis¢reiKJn of the Headmaster Fundraising inclucsed hosting a vaThety of events. t(Jih fu thè pwenl Community and the School s pupils. Flagship evmls suctt as the Winier Glow Fesi Bortfire Night and the Christrras grotlo suppcrfed ihe Society's fun¢*aising as well as the school uniform shop which also 5UPPOrted Suslainability Going Concèrn After rnaking appropriate enquries, the Board d Governors has a reasonable eywlalicm that ihe Charity has adequate resources lo continue n operatnnal existence lor tre neaf future Further details regard￿9 the adoption of tre going Concew. basis can be found n the Siaiement d ACCO￿￿9 Pe￿cleS bclow. Financial Revlew lincludlng rèserves policyl School xheved a healthy operating surplus aP,er depreciaticn d £318K 12024 £41 OKI. Overall ineerne was £8.3M n ttre yeav endin9 31 August 20?5 12D?4.' £8.IMI proj￿19 undertaken during the period under reV￿W Included. a maffx woFci of rendering and painiry of C￿e￿al School walls and repairs tr£ wain schoDI roof. upgradcs ￿ some ex.sting school perimeicr fencing. a pathway and replacemcnt gate ID Ilhte Lodgc Nursery. rclurbistrfftnt of staff tc*ts n rhc main sclv)ol building. rcsurf3cing of thc sports h311, redecoratng of Lodge. and wmdow reF4acemenis n the Headmasterfs Offic& TPE repairs to main sehod rcol wwe originally budgeted as captal expenditure. Due to Ihe naiwe cl w(*k conducted all c(tsts have been included i) tota expenthitre ff* tl* year ending 31 August 202.1 Consequently, capital expenditure S k)WLY than ￿ previous ye￿5 and ts expected tts Ircrea5e again In the year ending 31 August 2026. The rnain Income source was fees frcyn pupils. The Schoo. manages financial risk by closely rnoniloring ospeclive and existry pupi, numbers and settrg fees at ￿ apprtspr￿te kvel to optmise Income and cover costs Ro$erv•$ Policy As at the baan¢e Sheet fjate total ￿￿estr￿ted funds ftr ￿ year endmg 31 Auwst ?025 were £4.577K12024" £4,260KI, which we piincipaSly retxesented by fixed assets am of School's Reserve5 policy Is to builLI up fr￿ funds to providc necessary working c¥ital Tesowce5 tr enable Ihe Charity to meet strat￿lC obiectNes arKI develop Ihe facilrties aThJ nfraStrUct￿e further to 5UPPOrt lea-. ing excellence. As at 31 August ?025, the total f￿15 ¢tAnprised £'ooo iknre5trictpd fund5 Fixed Asset Fund General Funds ReStr￿ted funds Totsi funds £3.159 £4,577 Page 7 ST Pl￿N's SCHOOL LIMITED IA Company LThited by Guaranteel GOVERNORS, ANNUAL REPORT {COMTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Risk Managèmor)t and Unc•rtaintl•s The School mantains a Register crf Risk5 which B regularly revewed kn ensure that I refiecls tme risks and uncertainties facing the Scnool and. rf necessary. B (pdated annua,'ly Such Iisks and uncertainties are assessed as either high. medium. ￿ low. I he Regisler then considered tty Ihe Finance and General-Purp05e Sub-committee who reconmnend ts approval ¢0 Bo¥d ol Governors Goverrhxs and the Sen1￿ Leadersnip leam remaned cognlive of ￿ macro-economic and external envKonrnent. I hey ¢ontinuousiy s¢w and assess fu ttyeals inC￿ding Competiti￿ and pricing policy of other schools. and tne ifflpl.caiions of the uncenainty suiroundiny pai ent afforaabi.'Ity. panicularly post Implcmcntation VAT. Ihe removal cl 8usiness Rale Re￿e1 and higher National Insurance costs hduslry benchfflaikin9 is used to monitor Ihe S-hool's financial performance Inrougn Govemor coftynittee meetings 3nd monthly managernoni accounls Despite Ihe economic and poliiical dimale durtng the year uTrdef revew. stroig and new Interest in ihe School Cgntinued to high No¥enhdess. n a ime of eC￿orn￿ Lncenanty therc wll be challenges ￿ parent aff ordabilily and hence pupil numbers which underpin the Schod's financial se¢wity Operalng ¢osls and school fc¢ ncreases will continue 10 re¢wlie c¥eful consideralion The Governors also recognise the Importance ol n¥estmeni n nfrastruclwe and tacililes 10 maintain siandards ol excellence and to remain coftpelilive m the maikel Sec1￿ In¥esimenl lo &te fac11ilies continues 10 rnaximise pupil benc.ll Ircm Ihe Scnooi s educalion and LS esscniial ￿ enaDle the Scnool 10 cornpole eff Qclivoly against other schools. facilities and provision Cognisance 6 iaken cl ihc pre¥ailing poiilical and econornic climate In determining Invesimenl programmes and risks ¥e fulty discussed as p&t d the decision-rnaking process Additionally, the School has enhanced ils wotec￿￿e securty meaSl￿e$ and cyber security protocols. manage5 rts Health and Safely Ihrough Is stanaing Commilloe an¢5 fesponsiDle person wno LS appropriately qualilied. and has an mtewaled appro&h ￿ f￿Ler1r¥j & Mormlor￿9 tnai 6 ernoedaed Wilm￿ the ScnoJb safeguarding piocedures The Governors continued to marnage the School"s financial secwity ty managing Scho￿ lees and ctssls. and ty caielul investrnent ol funds w) safeguaiding. educaiional develom)ent. IT sofN¥aro compliance, reputation and the Scliool's oJislanding. molivaied. and vakbed Slaff body PLANS FOR THE FUTURE The 2024125 ye¥ also m¥ked the transition fr(rn a Iive-year plan wnich spanned the years IT￿n 2024_2029. 10 a refreslEd Strategy lo frcffl W25 lo 2030 based on vision uriver% PeDple- f(Kussed orL s￿v￿e leadersnp. patfway5 b excellence. inclusi¥e cullLre. and wellbeing and saleguaidirg Partnershp orL market stratlw. systems and corNnunication. vabe fu trwxky. a community devek)ping resI￿nce rl tIE SCnO￿.S business wocesses lo secure a successful futwe Place -focussed on Higner order thinking St Pirans ￿.armOnY spirity* ano rrKJr31 foundation. ￿ InnovatDn Govefnors have oversighl li &h sub strategy Page 8 vERFl￿5. ANNUAL REPCRT (CONTMED) FCR TrE YEOR ENDED 31 AiXIJST 2025 GOVER￿Rs, RESPCI￿LIfEs eparng trE ￿￿nc￿S. llnwal ReFrtNt (Irb￿ ￿ strate￿ Rwt} tre fwwK491 stai&nwrts acccxdarte aor11c￿ tsw avj Lknitwj KIr￿￿ll Acca•*nJ (Untsj C()rwty law reqifrs tre Cbverr*Ts b SL*em￿ts f￿ eath fnancial yw, ￿ gv& a far c¢ stat• d aff￿5 rrf tre c(rwry aTrJ d th& Ir¢￿nry rwxrc8s and applcatw c rescLrw, rrbJdn9 aTrJ eJ¥ththtLre, ttwit** fty itst In wewn] th frntsal statemwrts tre ¥e rW ta cl)seM tre n trt SC+P 2015: m*e iJJ9errwrts aThJ eslrr*s tw ¥e ar¥J s¢b)s¢d aTrJ eXr¥J￿ *) tr¢ stat8y￿ts'. ar¥J FfV6 ￿ fran¢k4 skirnts m lIE'mc￿tyft wless l 6 ir0WOWOte tr*ttr rew6￿￿& l(Y keyg ltrot <15ckBewkn reaswbk at ￿ lirn tre tre cornpary trwn b en￿fr trai ts fnaTr*l stawnerts ¢ffrF4y vlth tr* Crnties Aa 2C¢& Trey *0 rewr61Je fcf safegw tre as*ts ￿ tl* rregjarrtks DISCLOSiRE ￿ IIFCftMATThI TOTrE AtDfrcffws frLYn financlng activilies Decrease in finance lease lTrJle 211 19.7351 19.4371 Net cash used in financing activitie$ 19,7351 19,4371 Change In cash and cash equivalents in ihe yèar Cash and cash e4uivalenl$ begiming of ihe yèar 524,901 2,1S7,6S6 774,467 1.383,189 Cash and cash equivalent5 at th8 end of the year (note 201 2,682,557 2,157.6S6 The mtes Ir pages 18 to 35 fcrfm parl of t1￿ financkgl staternents Page 17 ST PIRAN'S SCHOOL UMITED IA Company Limitèd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General inlormati St Piran's School Limited Is a wwate comwy Iirroted ty warwlee. ￿cOr￿)rated ￿ England and Wales registration ndmber 01047287 c￿rItY number 309094. In the eV￿t of the company being wound up, the liability In respcct ot the 9uarantce Is Imiicd to £1 pcr member ol thc ctsmpany. The 3ddrttss d rts princip31 pkice of busi￿95 Is Gringer Hill. Mai(Jenhead, Berkshre. SL6 7LZ. UThlèd Kingdom. The principal acbvily of company is the prtsvisi￿ of pnmary school educati The finartial $tatemenls We presented n $ter￿ry is fLrtt1C￿ currency ￿ the Company and rounded ¢0 the nearest £1. Accountiny polici•s 2.1 Ba51$ rj yepar8titx Iy financial Slate￿l5 The financial Statem￿19 havc bc¢n preparcd n accordarfc wth the Charilios SORP IFRS 10 21- Accounting and ReportYl9 ty Charities staten￿nI ol Recommended Practjce applicable to charitie5 kyeparing Ihcir &COLnis n accordarte wth the Financial Rcptsrting blandard applicable In thc dK 8nc RePubl￿C of Ireland IFRS 1J21 IIssL*d n October 2J191. the Financial Reporting Standard applicable n the UK and Republic cl kel•nd IFRS 1ozI and Companie$ A¢1 2006. Sl Piran s School Limited rrEeiS the defini1￿)n of a Public benefit cntsty uniyer FRS 102. Assets anol liabilities *e Ini11311y re¢ogni$ed a hs¢¢r¢31 ¢tsSl w Iransa¢t1￿ vakje unle$$ Othe￿1$e $tsled In the rekvanl a¢¢otmling policy. 2.2 Gtyng ¢￿¢ern The liovelnors have 05$e55ed the Schoots abdity ￿ ¢onlinue as a qoing ¢¢ncem and we saiisfied that rt ts appropriale 10 prepare the financial statenEnt5 IJI this basi& In making this assessment, the ccvern￿S have ¢onsHYercd ts S¢hoofs currcni financial position and Its Str￿ cash reserve& Thc School rKepafCS deta￿¢1 casry Ibw lorec3st> wThch are regularly rcviewcd an¢ up4alcd, to monitor l.quidily and ensure Ilk4t suffiuenl funds we available to rrtel rts Iiabililies as they f￿1 due. Fbving considwed thw t(*ccas¢s. logeihcr wth cwrcn¢ Icvcls ot Income an¢ expendilufe, trye vcrnors Nivc a rcasonable eypcclatw tha¢ School has adpwa¢c rcsources to continue In opcralional e￿￿enCe f￿ ￿ forc5eeabk f￿￿e. Accor%*ngly. ts financial sta¢enrnts have becn pieparc¢ ￿ a going ccnccrn basis" Page 18 ST PIRAN'S SCHOOL LIMITED IA Company Linmted l)y GLbaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Iconlinuedl 2.3 Incorne I Income is recoqrnised Mce ihe charitable company has en1,1￿ment to the income. It LS probable that the Income will t£ received and tr* arnount of Income receivable can be measured reliably Donated 5eNices c¢ fa¢ilities ¥¢ recognised w￿n the company has ¢c￿trol over tte ilen any condili?ns a550cialed with Ihe d￿ated Itp.m have been met the rer.epl of ecanornic benefit from tlie vse tl the Item Is pr¢babk anj th31 economic benelii can ￿ measured rclobly. In accordance with the Charilie5 SORP IFRS 1021. general volunleer Iiffle d the Friends 15 not rpcagn15ed and refer to the Govern￿5, Report lor rmre nformalic￿ aboul Iher conlribulim On recepl d)naied prolessonal 5eNres and fa¢il,.ties are recognised basls of the value of Ihe gft 10 the CharIta￿e cornpany which ts the arnount rt have been willing to pay lo obiain 5ervice5 or lac1ht￿5 of eqJivalent e¢￿arni¢ benefil w the open market a corresponding aTnount 15 then reco9n15td ￿ expenditure ￿ tl* per￿d of Te¢tpi. Income ia¥ recoverabbe m rdaiw lo invesimenl Inc￿ne s recognised at the time the inve51menl Income E receivable. Ot￿r Income is recognised n the FerKpJ ￿ which t s receivabk and tts extent ttte goods htve been provided crf cn ct)rrp1er5C￿ cl Ihe 5erviGe. 2.4 Expendiiwe xpendiiure Is recowised once t￿e s a legal c* ccnsIr￿l1vt oblig31itsn to Iransler economic benefit Io a Ihird party. 11 15 probable Ihat a Iransfer of economic benetils Nvll be required In sett1emenl and Ihe amount d the obligation measured reliably. Expenditure B cIBssilied by activity. The costs cl each activity ¥c madc up of Ihc lola d drecl costs and 5hare¢ cost5. including support C0515 invtslved in unolertaksng each atwily. D￿ect costs attr*ut2ble ￿ a sinqle xlivity are allocated directly (o that aciivily Shared costs which contribute to more than one Xtiwty ane support costs which We nol attqbutable Ic* a single actiwly 4¢ apportione¢Y bctwcen those actiwles cn a b351s con515tcnl with the v5e of TeSOLwce5. Support costs we those cost5 d*eclly ￿ supptsrl of the (￿leCtiveS cl the company Governance costs WÈ those ctsnnettion wlh adminislration d the c¢impany and compliance wilh con51itutbond and sta(thw reqtswernents. Expenditure c¥) ra15￿9 Includes al expenditure by the charitaNe company lo ra15e fund5 for rts chan13ble wp05es and Include5 C05t5 of al fun¢*aising activitE5 event5 and non- char1É3ble (rading Expenditure M charitab￿ activlv 15 w￿Urred %Y) drectly un%Yertaking the activitEs which further the chari(able company'5 objective& a5 wdl a5 any associate# 5UPPart costs 25 knterest recewable Interest m fwds hdd deposit Is nduded when recavatrAe aTyJ tl* arnount can be measured reliably by the chantable cornpany." thL4 15 narmally upon mtiftatiDn ￿ the ￿terest paitj ￿ payable by Ihe nstitUti￿ wth whcxn fwds We deposited. Page 19 ST PIRAN'S SCHOOL LIMITED IA Company Limited by &Jarant881 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 Accounling policie5 Icontinuedl 2 6 Tangible fixed assets and depTecialK)n Tangible fixed assets costing £1,000 u more we capit3lised and recognised vthen fubje economic benefits are probable and Ihe cost u vakne of the asset Can te measured reliably. Tangible Iixed as5cls we Initially recwrsed ai cost_ Aftu recognilion. under the cost model. tangible 11￿ce assets are measured at ¢osl jess accumujaied depreciation and any accumjlalcd Impairment losses All costs Incurred to bring a tallgit￿e fixed asset ￿10 Ils Inttnded wafking Gontstion should be included measurement of cosi At each reportng dale Ihe rhriia>le corryany assesses whether there Is any ￿diCatIon or Imp?￿rne￿I M such ￿dicatIon exisis ihe recoverabk amoupt of asset Is determined lo be the higher ol Ils far value ￿5$ cosis ID sell and rts value ￿ use An irnpairmenl loss B recog"Ised Where the carrying arnounl exceeds the recoverable amunt Depreciation s charged SD as ￿ alk)cate Ihe cost of tangible fixed assets less their re$idual valu¢ over Ihetr •slmaled Ltsef￿ live5. using Ihe 5traighl-Iine ff*ihod. Depreciati￿ B wovided M Il* folk)wMg bases Land Buildings MolDr vchicles Fixture5 and fillngs C.tsmDLJier eqdiymenl The Abx LIuTnage Lentrè - 3 to SO years S ycars 3 10 10 years 3toSye¥s s to SQ years Gains and losses disposals •e delernned by comparing Ihe proceeds wth the carrying amount and ¥e rec?gn15ed In the Slaierrtnt of Fiiancial Activilies. 17 CL*rent Asset hvestments Investments rewesenl cash depos¢led on fixed terms wltr malurily tetween three and twdve months IrEm Ihe datc of openiny account. 2.8 Debtors Trade and other debtors are recognised at tlE seuknent amount after any (rade discount offered. Prepayments are valued at Ihe amcHJnt prepa￿ ret of any trade discoLn15 due 29 Cash al bank and n hand Cash at bank and In hand indudes c2sh 3nd snort-leym highly Iiouid nvestir.ents wth a short tllaturity Ll I￿ee monlhs or k5s Ircm Ihe dale of acquisition u opening of the dep0511 u similar account Page 20 ST PIRAN'S SCHOOL LIMITED IA Company Limiled lry Guarantee) NOTES TO THE FINANCIAL STATEMENTS FORTHEYEARENDED31AUGUST2025 Acco￿tIl9 policies Icontirwedl 2.10 Liabilitie5 and prov1510ns Liabililie5 we reccgnised wrw these cblKJ31icn 31 the Balance Sheel dale as a re5uII of a past event, il 15 probable that a tr*51er of economic b￿*fil ￿111 be rewired In settlement. and the amount ¢1 tIE 5eltlemenl can ￿ e51*nated reiobty. Liabilities reco9nise¢J a the amwnt that charitale coTry)any anticipate5 rt wll pay to settle the debt cf amount rt ha5 receiveo as advanced paynEnls for the gcods or serwice5 rt mu51 provide. Prov1510n5 are measured ai the test estThaie of the amcunls required lo sefik the obligation. Where effect of the lime value d money Is Materi￿ the provision Is based ￿ the preseni value crf those amoup.15. d15COLnted a The ye-tax discount r*e that rellects risks specific to the liability. The unwinding of the discount 15 recognised n the SlaleTTwI cf Financial Aclivitses as a finance cost. 2.11 Financial Inslrfftnls The chwilable conwany only has financial 3s5ets and financial liabiir(es rf a kmd thai quality as ba$ic financial Instruments Basic financial mstrumenis ae ￿ltiallY recognised a irwsaclion vJliJe and 5ubsequep,Ily meas￿￿0 al theii settlcmeni va￿e wth the exception cl bank loans which are Subsequently Mea$￿e¢l al amortised coslusing the effeclwe nleresl methed 2.12 FID￿Ce lease5 and hre purchase A5seis obtamed under ￿e wrchase ¢cmwxts and finance leases •e capita1ised as tangible fixed assets. Assets acquired by finance lease We depreciated over the shorter of the lease ierm and their Usel￿ lives. Assets acquireQ by hre purchase are d4Yeciatèd over their useful lives. Finance leases e Ih05e where Subst￿lIallY al of the benefils ap.d risks Of ovmershp Je assumed by Ihe charitable ompany Obligalicns under such agraernenis Incliioed n crechlors nel LY the finance char9e allocaieo 10 fulue periods. The f￿ance elemeni CY Ihe rental payment is chwged to the Slalemeni of Financial Acliwlies so a5 to ryoduce a consia)t per￿dI¢ ￿e d chage ￿ the net obligat￿n outsianding in exh periotl 2.13 Operatirrfj le35es Renta15 Pa1d under cperaling leases We cl*rged t¢ Statenwt ¢f Financial h¢tivit￿$ a slraght line b¢lS15 over the lease term. 2.14 Pensions Reliremenr berefils to erry)loyee5 of the 5¢horJ prg¥ided ty APTIS. 3 defined ¢¢ntri￿lI9n scheme. Page 21 ST PIRAN'S SCHOOL LIMITED IA Company Limited ty Guarantee) NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 2.15 Fune aCCo￿n11ng Gcneral funds we unrestri-ted '.unds whi-h ae available 'w use c115cretion of the Governors In furtherance of the genera obiecl.'ve5 0,. ts chwitable company anc which nave not boon dosi9natett fLY Oth￿ purposes. Investment Income. 9ains ane k>sses ae aiocated to Ihe appropriale fund 2.16 Crrtcal accgwlting estimates an(J weas of iudgmenl Estimates ar¥$ iudgffents ae conlinualy evauaied and ae based on Iwslorical experience ano other factcfs Including expeclaityjns of lubxe events that ￿ bel'eved to te reasonable under I cff cumslxncos. The judgements that ha¥e had a signifrcanl ell￿t ￿ an￿UnIS recDJrwsed ￿ ihe financial statements *e those Co￿erning the choi-e of deprecialion pgkies and asset lives. Incom• frcffl donatlons lknro$¢ricte(I funds 2025 Total funds 2025 Tol fund5 2024 Donèbon5 37.951 37,951 31.292 In 2025 and 2024 al income frL•n donations vrds uffestricled Incom¢ fTC*n charltablo actlvitlgs Unrestricted funds 2025 Total lunds 2025 Total I￿￿J$ 2024 Fees receivabie 7.666.982 7,666,982 1337.7931 (337,7931 245.782 245,782 7,429fi54 1359,5861 229P24 BursarEs. scholw5hp5 an¢ thscount5 Music lessons a￿1 other incon Tota 2025 7.574.911 7.574.971 7.299.092 In 2025 and 2024 all income frlwn ch3ntabk actwthes w35 wre5tncted. Page 22 ST PIRAN'S SCHOOL LIMITEO IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 other trading activitiE5 Unrestricted Total fu)ds 2025 Total funds 2024 202S Sports hall income Other income Forteiled deposits 32Q417 ?61425 11.667 J20,477 261,42S 11,667 283,441 387.227 16,000 Tol4 2025 593,569 593,$69 686.$68 In 2025 and 2024 al income Ir¢yn othw tradiThJ a¢lMb'es was unresln¢led Inveslment income Unrt$ir￿ted fwds 2025 Total fLYKIs 2025 Total funds 2024 Bank nterè3t 79P26 79,026 62,266 Page 23 ST PIRAN'S SCHOOL LIMITED IA Comp)ny Limited tty Gu¥anièwl NOTES TO THE FINANCIAL STATEMENTS FOR THEYEARENDED31AUGUST2025 Expenditwe on raising fUl￿S Unrestricted fl￿￿$ 2025 TDtal Total funds 2024 2025 Th¢ Alix Burnag¢ Ccntrc cxp¢n5C5 InGluding 5alafic5 Oiher Gosls Establishmgnt wa9gS Dèprociatson 157.693 36.731 29S606 54537 157.693 36.731 295.606 54,537 233,182 12,397 291,008 51,2015 Total 2025 S44.567 544,567 587.793 In 2025 and 2024 dl èxponditure th ra19n9 fuMJs uYestrKted Analysis of exp8t)diture on chwitable activities A¢tiwtl8S undertaken dire¢ily 2025 Support costs 2025 Total funds 202$ ProvI5￿Tr of cduca(I 5,402,678 2.020,662 7.423,340 Activrties undcrtaken direct Support costs 2024 Tot funds 2024 2024 Provis￿￿ of educatic 4,991779 2.085.981 7,081,760 Page 24 ST PIRAN'S SCHOOL LIPAITED IA Company Limited by GuaraTrteel NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analy515 of expenditure ijn charitable activitie5 Icontinuedl Analysi5 of threct cost5 Total fijnds 2025 Total funds 2024 Tea-hing salarips Tuition materials Qlher dire¢1 cos1S 4,305,160 497,806 599,712 3.900.899 495 922 598,958 Toial 2025 S,402,678 4.995 779 2025 and 2024 all expenditure cn thect Costs w35 Lmyesiricted. Analysis of support costs Total f￿￿￿ 2025 Total funds 20?.4 Staff costs Depreciation Bank Charges Premise5 Office rnanagement Governance costs Donations to Instit￿tk)nsIch*it￿$ 607,501 269,6BO 3,522 762,089 305,776 66,576 5,518 694,55S 281.081 3036 784,524 205.163 116,822 Total 2025 2,020.662 2,085 981 In 2025 and 3J24 al expenditure on 51¥POrt COSts was ￿￿e51￿cted. Pagp 25 ST PIRAN'S SCHOOL LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Net incomellexpendlturel 2025 2024 This ￿ staled after charging Deprecialion of langible fixed a5sets'. owned by Ihe charity held under finance leases Aud'lors, renwneration- audil Autthiors, remuneialicfj - Other servLes Opefaling lease Tent* 318.641 9,437 15.980 3,800 1.711 322,405 9,882 13,7SO 164D 16.506 Staff cos15 2025 2024 Wages and salaries S¢xial secuily cosis Contribution 10 defined coniritxJlron penS￿n schemes 4,405,119 443,938 359.210 4,212.786 361,159 312,S17 5,208,267 4,88b,462 The avera9e number cl Fvsons en￿loyed ty the chantabk cornpany during the year was as follows 202S No. 2024 No. Teachers Olher staff Management 108 158 156 Page 26 5T PIRAN'5 SCHOOL LIMITED IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Slaff costs IcontSnuedl The average headcounl exwessed a5 equivalent5 was. 2025 No. 2024 No. Adm1Th51ialKin Domestic Grounds Te3ching Teaching asS15t￿t5 Nursery nurses The Alix 8urnage Centre 10 42 38 21 16 14 110 101 The number of employees whose employee benefils lexduding employer pen510n cost51 exceeded £60 000 was.. 2025 2024 No. In Ihe band 160,001- r70,000 In Ihe band £70,001- É80.000 In Ihe band £130.001 .£14 0 000 In the band £170.001 É180.000 The key managenent persorY*l Df the charitable company comprise ihe Governors and the senior m2nagenent ie&n as hsted en page 1. The totJ amount d employee benefits (including employer pension contributions and employers naliona Insurance contributlOn51 recaved by key manaqement personnel fcff their services Charitab￿ t￿npanY was £622.23012024' £579 0821. 11. Go¥err￿[s, rem￿￿TaIlOn and experLses During the year. nD Govermrs received any remI￿ralK)n or other b*Efits12a24- £NILI. During the year ended 31 A￿Just 2025. rL) Governorexper6es have been i￿Urred(2c24 - £NLI Page 27 ST PIRAN'S SCHOOL L11411TED IA Company Lirnited ty Guarantee) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. knterè5t payabl8 2025 2024 Bank Charges 3.522 3.836 3.S22 3,836 13. Tangibl• fixed assets Land and Fr6ehold Piop¢rty Motry Fixtures and v*hicl fillings Cornput¢r AIIM Burnag8 ¢quipm*nt C•ntro Total C¢>51 or valuati 1 September 2024 4,087.5S9 Additions 35,543 Di5P05a15 129.2431 110,176 931.387 12,531 17,1811 633,097 14,139 118.8971 1,627,618 7,389.837 62,213 162,1041 11.3591 15,4331 31 Au9USt 202S 4.093.859 108,826 936,737 628,339 1,622,185 7,389,946 Depre¢iali¢ At 1 Septerrber2D24 1,873,484 Charge lor the year 145,897 On disposals 129.2431 109,859 11.0331 688,126 54,117 17,1811 490,437 69,248 118,8971 801,469 3,963,375 53,91Z 322,141 155,3211 Al 31 Augus(2025 1,990,138 108.826 735,062 540.788 855.381 4,230,195 Net boL4( value Al 31 August 2025 2,103,721 201.675 B7,551 766,804 3,159,751 31 August 2024 2,214.075 317 243.261 142.660 826.149 3,426.462 P39p 28 ST PIRAN'S SCHOOL LIMITED IA Company Lirnited ty Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 13. Tangible fixèd assèts Itontinuèdl The rEt book va￿e of as5et5 held uThdcr finance IB35es rr hye purchase contrxts. induded above, are as follows 2025 2024 Computer equipment 11,795 22,019 11,795 22.019 14. Debtors 2025 2024 Due wilth one year Trado debtofs Other £h2biors Prepayments and accnJed ￿corne 2.082,655 37,207 253,071 1,888.157 36,037 236 413 2,372,933 2,160.607 Twade debtors roL3tes ￿ fee ￿VOiCeS fw$ed fly AututTh) Twm 2025 fees not due ￿111 Seplomber 2D25 and other lee debiors 1S. Current asset Investments 2025 2024 95-day depost accowl 251,268 Page 29 ST PIRAN'S SCHOOL LIMITED IA Company Lmniled by Guaranleel NOTES TO THE FINANCIAL ST A TEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Creditors.. Amounts falliThJ within one year 2025 2024 S¢￿01 deposits Tracle creditor5 Qtner iaxation and Social 5ecwty Nel 0tsligalions under finance lease and hre purchase ￿ntracts Other credilCYS Accruals and deferred thcome 30.50D 374,627 444,656 9,437 50.818 2,450,387 46.000 205,248 87.076 9,437 4S,675 ?.677,434 3,380,425 3,070b70 2025 2024 Delwred Income at 1 Septertj Resources ¢Jelwred during year Amounts released from wevious periods 2,546.746 2,342.080 12,546,746> 860,894 2,546,746 1860,8941 2,342.080 2,546.746 Delwred wKome rdaled lo A￿lUMn T￿rn fees ￿l¥c¥Ced ￿ advarte and school trips taking place nexl year. Credit￿$ due within one year u)clude £50I18 12024 £45.6751 reL4tsng to outsianding pension contributions Page 30 ST PIRAN'S SCHOOL LIMITED IA Company Limited ty Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Creditors.. Amounts falling after more than one year 2025 2024 Sch901 dcposits Nel obligations under financ¢ tease and hye purchase ¢￿tr￿lS Arcruals and Ikferred InGome 219,000 2.284 55,979 165,SOU 12 019 236.393 277.263 413.912 Obligaiions under finance leases arKJ h¥e pwchase con¢rxts. iTr¢luded above, ¥e payable a5 folbws., 2025 2024 Within one year Beb￿een one an¢J five ye*s ,437 2.284 9,437 12,019 Page 31 ST PIRAN'S SCHOOL LIMITED IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statemènt d funds Statement of funds- ¢wrent year Balance at 1 S¢ptember 2024 Balance at 31 August 2025 Transfers oui Incornv Expendlture Urffe5trKted t￿￿5 eneral Funds Fixed a5sel fuKJ 833.481 3,426,462 8,285.517 17,638,983) 1328.9241 162,2131 62,213 1,417,802 3,159,751 4,259,943 ,285,517 17.967,907 4,577,553 Siatement cl lwds- wior year lalance at 1 Seplember 2023 Balance at 31 August 2024 Transfers Inloul Income Expenditwe unreStr￿tett furK15 Geneial Funds 392.073 3,458.105 8,079.318 17.318,5411 1319,3691 1351.0121 319,369 833,481 3,426,462 Fixed asset luNI 3,850.178 8.079.318 17.669,5531 4,259543 Page 32 ST PIRAN'S SCHOOL LIMITED IA Company Lvniled ty Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19. Analysis c+ assets ￿tr¥¢c￿ funds Analysls rf net assets be￿0¢￿ f￿d9 - cwrent year Unrestricted funds 2025 Tolal funds 2025 Tangible fixed assets Current 35set5 3,159,751 3,159,751 5.055,490 5,055,490 13,360 4251 13,360,425) 1277,2631 1277,2631 Creditors duc withn one year Creditors due In rrue than one year Total 4,577.553 4,577,553 Analy51s ol r*1 assets between funds - prior year Unrestricted funds 2024 Total funds 2024 Tangible fixed as5els Currènt assets 3.426.462 3,426,462 4218.263 4,318,263 13,070 8701 13.070,8701 1413.9121 1413,9121 Cred..tDr5 due one year Credit(*s due n nmye than one year Total 4,259.943 4.259,943 Pa9e 33 ST PIRAN'S SCHOOL LIMITED IA Company Limited by Guaranleèl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 20. Reconciliation of w*¢ movement in lunds to Cash Ibw from operating actlvltles 2025 2024 Nei Income fu Ihe ye* ias per Siatsnwt ol Financial Acbvit*s 317,610 409,765 Adiustmenis for Depreciaiion charges h)ierest Increase In deblC¥S Increase In creditors 322.141 332,287 179,0261 162.2661 1212.3261 11.882.055) 152.906 2.015,114 Net cash provided by operalng actwrties SDt,305 1.01?.845 21. Analysls of cash and cash ewivalents 2025 2024 Cash at bank and n hand 2,682,557 2.157,656 TO[￿ cash and cash ¢wiva￿nI 2,682,557 2.157,656 22. Analysis of ¢hang•$ in rnl debt At1 S¢pterther At31 2024 Cash Ilows Augusl 2025 Cash * bank and n hand Finance leases 95- day deposit account 2,157,656 121,4561 273,633 9,735 251,268 2,431,289 111,721 251,268 2,136,200 534,636 2,670,836 Page 34 ST PIRAN'S SCHOOL LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ALJGUST 2025 23. Pension commiimenls I cornpany employees belong to APTIS f(￿ aGademic and related staff. a defined contribution peTh8￿n sGheme. 24. Operating 103sè commitmenls The charil*Jle coryary had no commit￿entS under non&C￿cellab1e operating leases at 31 August 2025. 2$. Relatèd party Iransactions In the year lo 31 Augjst 2025. the SC￿01 has employe4 Ihe wfe of Head,. trE daughter of the Chair of vernors and tke son of head of EYFS These emtAoyees ¥e pa#J at normal conynercial rates wlh no Involvement by the related p*ty n the ijectsion making proces& Page 35