DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF Registered number: 00898539 Charity number: 309098 LAMBROOK SCHOOL TRUST LIMITED (A company limited by guarantee) GOVERNORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) CONTENTS Page Reference and admlnlstratlve detalls of the company, Its Governors and advlsers Governors. report Governors, responslbllltles statement Independent auditor's report on the financial ststomonts Statement of financial activities 3-24 25 26-29 30 Balance sheet Statement of cash flows 33 Notes to the financial ststomonts 34-58 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025 Governors Mr P Burrowes, Chair Mr C J B Bromlield Mr B Chukwuemeka Miss A Dobson MrA Honnor Ms M El-Khazen Mr J Lamont Mrs H Lyman Mr D F Macleod Mr P McKee Mr G A Neil Iresigned 7 March 20251 Mrs A Nicoll Dr A Peterken Mr E Duckett lappointed 12 June 20251 Finance and General Purposes Committee Mr E Duckett lappointed 12 June 20251 Mr P Burrowes Mr C J B Bromlield Mr B Chukwuemeka, Chair Mr J Lamont Mr D F Macleod Mr G A Neil (resigned 7 March 20251 Mr A Honnor (appointed 14 November 20241 Education Committee Mrs A Nicoll, Chair Miss A Dobson Mr P McKee Dr A Peterken Health and Safety Committee Ms M El-Khazen Mrs H Lyman, Chair Mr A Honnor (resigned 14 November 20241 Mr G A Neil Iresigned 7 March 20251 Governanee and Nominations Committee Mr P Burrowes, Chair Mr C J B Bromfield Mrs H Lyman Key Management Personnel Mr J Perry. Headmaster Mr W Kay-shuttleworth, Deputy Headmaster Mrs C Helheringlon, Director of Finance Mr N Moulton, Bursar Page 1 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Company registered number 00898539 Charity registered number 309098 Registered office Winkfield Row Bracknell Berkshire RG42 6LU Company secretsry Mr C J B Bromfield Independent auditor Crowe U.K. LLP R+ Building, 2 Blagrave Street Reading Berkshire RG1 1AZ Bankers Barclays Bank PLC 4th Floor Apex Plaza Forbury Road Reading RG1 1AX Page 2 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT FOR THE YEAR ENDED 31 JULY 2025 Declaration The Govemors, who are also charity trustees for the purposes of the Charities Act 2011, present their annual report In compliance with both that Act and the Companies Act 2006, together with the financial statements prepared under the latter Act, for the year ending 31 July 2025. The formal and content of the report and financial statements comply with the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice. Accounting and Reporting by Charities, SORP IFRS 1021. Introduction to Lambrook Lambrook is a leading co-educational Prep School, sel in 52 acres of beautiful Berkshire countryside near Ascot, Inspiring and educating around 630 boys and girls aged 3 to 13. Established In 1860, Lambrook has a long and proud tradition of inspiring and educating children for over 160 years. The School operates as an independent Charitable Trust, overseen by a dedicated Board of Governors. The School ha5 a Pre-Preparalory School IEYFS and Years 1-21 and a Preparatory School (Years 3-81. Lambrook welcomes a vibrant community of familie5 from a wide range of backgrounds and locations, including Ascot, Windsor, Eton, Henley, Maidenhead, and Wesl London. Daily minibus services run lo and from these areas. Lambrook offers both weekly and flexible boarding options for boys and girfs aged 7 to 13, with pupils able lo board from one night a week lo five nights (Monday to Salurdayl. The School has two boarding houses, one for girls and one for boys, providing a total of 110 beds. Each House is led by a House Parent, living on sile and supported by a team of tutors. Lambrook is proud of its strong academic provision, with pupils consistently achieving results that are well above the national average. Leavers go on to ex￿1 al some of the country's top senior schools, often earning scholarships in academics, art, music and sport. Lambrook provides a breadth of educational, pastoral and coEOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Lambrook's Purpose Since 1860, Lambrook has been laying the foundations for its pupils, futures. Children have one opportunity for an education which will form the basis of their lives and, at the same time, one childhood,. Lambrook aims to keep a happy balance between the ￿0. During their time with us, we give our pupils the 'Feathers to Fly, so that when they leave, they will spread their wings and will lake flight., leaving Lambrook as confident, happy, engaging, independent and kind young people who are outward-looking in all that they do. Inspiring pupils from Nursery through lo Year 8, offering the most oulstsnding breadth of educational experiences, encouraging academic intrigue and a desire to leam. Nurturing and supporting all pupils through an outstanding level of pastoral care, empowering pupils to flourish and have healthy relationships with others within our vibrant and caring School community. Providing pupils with an abundance of opportunities to discover, pursue and develop their skills, talents and Interests. Preparing our children for the next stage of their educational journey, developing the many 'feathers' necessary for their time at Lambrook, at their future senior schools and beyond. Equipping our children with the skills and the confidence to understand the challenges of the worfd in which they live,. recognising their responsibility towards others, the environment and themselves and enabling them to make a difference, both now and in the future. Page 4 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Review of the Academic Year 202412025 Overview 11 has been another very busy and exciting year for the School, with countless highlights and examples in each term that have celebrated the extraordinary talents of the Lambrook pupil community. Throughout the year, there have been a wealth of opportunities and challenges to encounter,. from academics lo the creative and performing arts, sport lo boarding, charity fundraising to looking after Lambrook's animals and the environment., pupils have been inspired both inside and outside the classroom, developing their love of leaming about the wodd around them. The pupils have excelled., from academic successes and personal goals reached to co-curricular challenges and triumphs, they have achieved 50 much individually and collectively, bul most importantly, they have shown great commitment and have contributed positively towards School life and each other. We have strived lo support each pupil on their own School journey as they embrace the vast number of opportunities on offer at Lambrook. We are keen that pupils approach School life with enthusiasm and energy, giving things a go and not being afraid lo fail and, most of all, recognising that the most important characterisbc lo possess is kindness. Children are all unique with their own individual passions and interests and, over the past year, we have continued to ensure the School environment nurtures these., for some Il could have been a love of languages or sport. for others, performing on the stage or a desire to know more about the environment. Pupils may have pursued all the above and morel There have been a great number of School highlights over the past academic year, including Sports Day, Speech Day, Christmas Events, LamBOOK week, Children's Mental Health and Diversity week. charity events for pupils and the wider Lambrook community, Art exhibitions, sporting fixtures and tournaments, academic competitions, and happy times in the Boarding Houses. Pupils have also been Inspired by visiting speakers, have taken part in plays and perfomianTrs, have travelled far and wide on trips and residentials and have enjoyed a wide breadth of co-curricular activities. Whether the children have been in the Nursery, the Pre Prep or the Prep School, staff have worked hard to ensure that the children are fully equipped and ready for each stage of their academic journey. Academi Both formally and informally, pupils from Nursery lo Year 8 have learnt so much inside and outside of the classroom. Pupils have been laughl by a strong calibre of both leaching and support staff, who have drawn out the potential of each child. Lambrook continues to have a high teacher to pupil ratio, who tailor their teaching to suit individual pupil needs, as appropriate. The School's academic leaders have continued to review, adapt and develop its curriculum, leaching the pupils about an ever-changing and challenging world. giving them the skills and confidence to question what they see, and to truly make a differen￿ both now and in the future. This year, the School launched a new Humanities programme. replacing the standard Common Entrance Curriculum (covering RS, History and Geography), created by Lambrook teachers and approved by our senior schools. which has been a great success. Page 5 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Alongside a packed limelable of inspiring lessons, there have been academic competitions and awards for many. Nursery enjoyed their very own Science Week. Year 3 had their own Virtual Reality Day and Prep School pupils were winners of a Senior School Prep School ScienTr Competition and a Maths Competition at Eton College. The Year 8 pupils achieved excellent Common Entrance Examination results In June with a 100'k pass rate. There have also been many scholarships awarded by lop senior schools in the country in Sport, Creative and Performing Arts and, of course, Academia. We Trlebrated the fact that 11 pupils gained academic scholarships lo some of the leading schools in the country including one boy receiving an award for being one of the lop five scholars for Sl Paul's. The School sends pupils to over 35 different senior schools including Bradfield, Brighton College, Charterhouse, Cheltenham College, Downe House, Eton College, Harrow, Lord Wandsworth, Marlborough College, Oundle, Radley, Rugby, Shiplake, St Edward's Oxford, Tonbridge, St Pauls and Wellinglon College. The School recognises that each pupil is different, and ch0051ng the right senior school Is imperative to their continued development and happiness. The School endeavours to work with parents lo find the best option for all pupils leaving Lambrook. Lambrook's Future School pathway is shared with parents and so expectslions are cleady set in advance. Parents were invited to a Future Schools, Evening which was held al the beginning of the academic year, where they were given the opportunity to hear from a range of speakers from different schools. Areas such as pastoral care, academic preferences, boarding vs. day schools and single-sex vs. co-educational schools were discussed, encouraging parents lo make the choice that would be right for their child and for their family. Lambrook has a dedicated Learning Development Team with their focus very much about supporting pupi15 land staff in support of them) in their own classroom environments and giving them the tools and confidence required lo thrive and be happy at school. Individual and group lessons are free of charge and are tailored individually for literacy, numeracy, study skills and English as an additional language. Pupils have used technology to enhance their learning with those in Years 5 and above using a laptop as part of their classroom tool kit. In an everEOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Pastoral Care Pastoral care, overseen by the Head of Pastoral Care and pastoral team, remains an utmost priority at Lambrook. Looking after our pupils, wellbeing is an ongoing journey and giving them the tools to help them look after their own mental heakh, and to look out for others, is something that we strive lo do every day at Lambrook. We are keen that mental health becomes part of everyday conversation for our Children. We aim to give our children the skills to be resilient and cope when life gets difficult, bul also, to be brave enough lo ask for help when they are unable to. We have used dedicated National and own-lnitiative campaigns, across this past year, including Children's Mentsl Health Week, World Mental Health Day, Anli-Bullying Week and Diversity Week. Using the theme of 'Grow Togelherf, pupils planted new plants during Children's Mental Health and Diversity Week. Pupils were inspired by visiting speaker James Shone from '1 can and l am, and during Antibullying week, Lambrook followed their theme of'choose respect., These opportunities have been used to unite the School community and strengthen what is already being tsught in wellbeing lessons and general School life. By weaving a strong sense of wellbeing into everyday life at Lambrook, the School strives lo have happy and secure children who thrive, both in and outside the classroom. The structure and set-up of the School day has allowed us to prioritise mental health and promote the Importance of being outside, exercising and eating well, having time to talk to adults and spending lime with peers. Our staff are available lo support pupils and pupils are welcome to use our School Counsellor as well as contact an external Independent Listener. Our two Therapy Dogs also provide a listening ear and an emotional support lo our pupils. One of the School's Leaming Development leads, runs workshops for those pupils who have SEMH (Social Emotional Mental Health) needs, as appropriate. Through educating our pupils and providing support for our parent5, our priority has been to equip our children for the challenges that they will navigate, both now and in the future. We have invested in supporting our staff and parents as they partner together to support pupils through tailored training and courses offered throughout the year, which have proven lo be extremely FKJpular. This year tslks for parents have covered topics including sleep, inlemel and mobile phone use, diet and the dangers of young people being able to access pornography online. Over the year. we have tracked results In pastoral care. We use AS Tracking lo formally monitor pupil voiTr, both individually and as cohorts. This helps us lo adapt and tailor our pastoral provision lo specific Year Groups and individuals, as required. Every lime we do our tracking, the pupil Vol￿ changes, reflecting that inlervenlions and reactive initiatives are working and having an impact. We have also followed our own in-house tracking system called Pastoral Pyramids and we strongly believe that this internal system works well in allocating the right level of resource to support our pupils. Page 7 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Facilities The School is fortunate lo have some of the best facilities in the independent sector at preparatory level and matching a senior school provision in many areas. The School site continues to be looked after by a dedicated Maintenance and Grounds team. In addition to the general upkeep of the School sile, over the past year, additional projects have included.. The installation of 100 solar panels on the Pre Prep roof, as well as adding to our existing bank of panels on the DJC (Performing Arts Centrel. As Lambrook strives towards nel zero, there have been major upgrades lo the School's kitchens, moving away from gas and using solely electricity for all catering. From September 2025, all electricity will be from renewable I green resources. 8oarding Lambrook continues lo offer weekly and flexi-boarding for boys and girls from aged 7 10 13. There is a thriving boarding community where pupils board anything from five nights a week to one night every so often. There are curonlly 110 beds between two boarding houses every night (Lambrook House for girls and Westfield for boys). Each House is overseen by House parents and supported by tutors. Boarding is viewed as a positive and enriching extension of Lambrook School life, with most Prep School pupils choosing to board al some point during their time at Lambrook. It provides a valuable opportunity and a natural progression for children lo develop the independence, confidence and skills that they wll need for their future schools la substsntial percentage of our leavers have gone on to a future school that offers boarding. During the year there have been several taster nights for the younger Year Groups (Years 3 and 41 which have been incredibly popular, giving pupils land parents) the confidence to book more regularly. Year 7 also had their own bespoke boarding night when other Year Groups were away on residentials where they took part in lots of team building activities. Pupils have enjoyed their home-from-home environment and the fantastic facilities and have taken part in many activities over the three terms. In the summer, the boarders have spent most of their time outside in the grounds, playing cricket and golf, looking after the animals in the Orchard, enjoying BBQS and spending lime with friends. In the winter months, Christmas festivities were a highlight as well as plenty of indoor games, games outside in the dark and a trip to a local water park. There has also been plenty of time to gel to know others, swimming and games in the pool, baking delicious treats, themed evenings, some lime for extra revision and work if needed, as well as lime for some music practice and performances. Year 8 Boarding prefects Ifor both Boys and Girls Boarding) have set the tone in the Boarding Houses and pupils across all Year Groups have really looked after one another, enhancing the family environment. Page 8 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Houses Pupils across the whole School are allocated to one of four Houses on arrival to the School and will slay with that House for the duration of their time at Lambrook. 11 has been wonderful to witness friendships and connections across age groups and within their Houses, with pupils looking out for and supporting one another during each School day. There have also been opportunities for pupils in the Prep School to spend time with Pre-Prep Year Groups, helping with academic projects or hearing them read. Houses have joined together collectively for weekly and special events across the School, including the highly anticipated Sports Days. Pre-Prep pupils have worked each day to collect points for their respective Houses and in the Summer Term, they put on a pupil-led House charity day, raising funds for four charities chosen by the pupils. In the Prep School, Houses meet regulady and tske part in fundraising for their chosen charities, competing in sporting events, taking part in coEOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 As well as pupils having limelabled Drama lessons, each Year Group also rehearses and performs a play or musical al some point during the academic year. Performances in the Performing Arts Centre IDJCI have truly been a team efft)rt., for some pupils, they may have had the leading role, and for others, they may have overseen lighting or sound. Perfoming Arts staff have worked lo the strengths of Individuals, whilst al the same time encouraging pupils lo step out of their comfort zones and lo try new things. Professional productions are highly anticipated by all and showcase an incredible amount of acting and musical ability by our pupils. Over the past year productions have Induded, 'The Lion the Witch and The Wardrobe,, 'Pirales of the Curry Bean,, 'Robin Hood,, 'Alice in Wonderland,, 'Annie' and a stsnd out production of'matilda, by Year 8. Some of our talented pupils have gone on to receive drama scholarships al top senior schools, with others performing in West End musicals, films and TV productions. Pupils perhap5 not quite ready for a large audience, have been able lo perform on a more inlimale scale in regular 'LAMDA al Lunchtime, or 'Performance Platform, sessions. These are opportunities for Individuals and small groups lo perform a piece to friends and family during a lunchtime, in a very relaxed selling. With strong links lo our future senior schools, there have been chan￿$ aplenty for pupils to watch productions, many of which showcase Old Lambrookians. All pupils in Years 5-8 look part in a public speaking competition, with winners going on lo represent the School in a fomial competition at Bradfield College. The Dancers have pul on several Dance Shows throughout the year, and each performance has showcased work from across the Year Groups In the disciplines of lap, modern, ballet and jazz. At the end of the Lent Term, pupils put on a wonderful show, 'The Big Dance Show,, which featured dancers from the whole school performing a wide range of genres. A particular highlight of the Performing Arts year was Perfonming Arts Week, where pupils performed both individually and as Houses, in competitions and concerts, culminating In an uplifting Prep School end of temi concert. Clubs and Enrichment We recogni5e that the pupils learn just as much outside the classroom as they do in It. The exceptional breadth of our Co-curricular provision has enabled each one of our pupils to be Inspired and lo pursue their interests. Whether it be playing water polo in our pool, skiing down the slopes, taking up a new sport, helping lo feed lambs, making apple juice in our Orchard, organising an event to raise funds for a pupil-chosen charity, team building in Italy. visiting volcanoes in lTrland, singing in Eton College Chapel, performing in a musical production, learning how to make a podcast, taking part In a public speaking competition, building a campfire or simply, playing In our grounds, these experiences have complemented and added to their whole educational experience. During a Monday afternoon, pupils are encouraged to try something new and the School has certainly been buzzing., classrooms, the playing fields. the Sports Hall, IT Rooms, Art and DT Rooms, as well as the DJC, are full of creative workshops, dancing, rehearsals, new languages and new sports. Creativity has been in abundance with photography, dance and drama rehearsa15 and DT workshops, all on offer. Off site, minibuses have taken pupils to visit Lambrook's partnership care home, lo practise clay pigeon shooting and discover new recipes lo cook. Page 10 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Positions of Responsibility There continue to be many opportunities for pupils to have positions of responsibility. In the Pre Prep, pupils can sit on the Pre-Prep Council and several other groups. In the Prep School, there are many opportunities, culminating In Year 8, with positions such as Senior Prefects and Heads of Sch(iol. Pupils in Years 5 and above have put themselves forward to be Pupil Ambassadors, taking on various leadership and support roles during the School day. Pupils have sel up their own initiatives loo, including, a pupil led IT Support Group, a School newspaper and an Eco Team which is now represented by all Year Groups from Reception to Year 8. Trips and Residentials In addition lo academic and sports competitions and fixtures, there have been trips this year for pupils in Nursery through lo Year 8. Nursery pupils went on a trip lo the Theatre, Pre Prep pupils went to London, lo Country Parks, museums, Ihealres and the seaside. Pupils in the Prep School went to The Living Rain Forest, Windsor Great Park, enjoyed World War 11 experience days, visited plaTrs of worship, went to events hosted at partnership leading senior schools and took part in Geography Field Work projects, to name bul a few. Year 5 had a residential to Somersel, Year 4 had a residential to an Activity Cenlre, Year 6 went camping in the New Forest, Year 7 had a trip to France In September and then a Trips and Activities Week closer to home in the Summer Term, Year 8 scholars had an immersive experience In Bath, and then the whole of Year 8 travelled to Italy as part of their Leavers, Programme. The Girls, Hockey Team travelled on tour lo Holland In October and the IAPS Ski Team brought home plenty of silverware in the Lent Term after representing the School. There were also several trips that took place in the Easter Holiday., Skiing In the Alps, a Geographical experience in lTrland and a Cricket and Netball Tour lo Barbados. These experiences have not only encouraged pupils to step out of their comfort zones and given them a taste of so many areas and aspe¢ls of the world, bul have been paramount in equipping each and every child even more, giving them the 'fealhers' for the next stage of their educational journey, and indeed life beyond. The Environment Looking after the environment is a priority for Lambrook and lakes a whole School approach, with staff, pupils and the Eco Team, working together on many Initiatives around the School. This year there has been a particular focus on working towards nel zero with building updates such as solar panels and a kitchen refurbishment moving from gas lo electric and new energy efficient water coolers. Members of the Eco Team were invited to attend the Premier of David Allenborough's Ocean and then followed up by sharing information with the rest of the school and creating their own Eco-friendly cleaning product. The Lambrook Orchard, home to bees, chickens, rabbits, goats and lambs, has offered the fitting setting for each pupil lo have an Outdoor Leaming Lesson, and pupils enjoyed, once again, being involved in Lambrook's annual 'Apple Week,. This included events for pupils across the School with the older children teaching the younger ones all about apples, their varieties and the Lambr(iok Orchard in general, making Lambrook apple juice, eating apple themed bakes and leaming and appreciating how to best look after their environment. Lambrook will continue lo educate its community as it strives lo meet net zero in the coming years. Page11 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Technology and Phones Lambrook has a no phone policy (including the journey to and from school on our minibuses) and we find that this only encourages a positive atmosphere with pupils positively engaged with their academic studies, co- curricular activities and most Importantly, with those around them. At the same time, and in recognition of an ever-changing world, the School works closely with leading experts in the area of digital technology lo ensure that ils pupils are best equipped for the benefits and challenges of being online. Pupils use technOl￿Y lo enhan￿ their learning and are aware of the many benefits bul are also mindful of safety when using the internel. Several of Lambrook's staff members are pioneers in digital leaching and have regularly been keynote speakers al online educational events. The Lambrook Community We are proud of the partnership be￿een parents and the School, working together lo best support our pupils educationally and pastorally., giving them the best possible Prep School experience. As well as welcoming parents on site for Con￿rtS, Chapel services, sports fixtures and many other events, we regularly host talks and workshops for parents with themes including mentsl health and wellbeing, nutrition and Internel safety. There have been countless examples, both visible and behind the scenes, of the Lambrook Community going above and beyond in support of the School and others. The fact that so many members of our parent, pupil and staff body are prepared lo give their lime and resources so generously is what gives Lambrook its energy and dislinclive nature. The parent-led Lambr(iok Parent Teacher Committee ILPTCI is incredibly strong and looks to welcome new parents, support Year Groups socially and run some fantastic fundraising events. In addition, parents have been incredibly supportive of The Lambrook Foundation and have helped lo run events including a Ladies, Lunch, a Re-wear and Share Event and a Silent Auction. Lambrook has strived to communicate with its parents in the most effective, streamlined, informative and regular way. This communication lakes pla￿ formally through daily update emails, a weekly 'Cedar' newsletter, parent update meetings but also, informally through conversations al sports fixtures, concerts and plays and al the stsrt and end of each day at drop off and collection. Parents can access a wealth of Information through a bespoke Parent Portal managed by the External Relations Team. External Relations Providing a positive experience for any visitor to the School remains a top priority and the Extemal Relations Team aims to ensure every visitor leaves the school with a strong and positive impression. Throughout the year, we have had opportunities lo invite local residents to various events and enjoyed welcoming some lo our Summer Art Exhibition and to our 'An Evening With, Event with guest speaker, Kale Adie. Those who we engage with are always very positive towards Lambrook. We are mindful that the School Impacts others further afield such as at London bus stops and work to keep good relationships with these neighbours too. Lambrook continues to attract a lot of interest from outside of the School. particularly online. In August 2025, there were over 100,000 visitors to the website and large numbers on social media. To protect the Lambrook Community, information and images shared with the wider world tend to be neutral in tone, with parents accessing photographs of their children privately on the Parent Portal. Page 12 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Admissions Lambrook benefits from a strong word of mouth culture from both Inside and outside Lambrook. Despite the Imposition of VAT on school fees by the current Govemment, we have been grateful for the continued interest In the School and continue lo receive many enquiries and registrations. The Headmaster and Senior Staff meet many prospective families each week for Individual appointments and interviews, and the School's Registrar lakes each family on a bespoke tour of the School sile. During the year, the School has held assessment days for Ils prospective incoming children Ibespoke mornings for entry al Reception, Year 3, Year 4 and Year 71 as well as a 'moving up morning, for all of its new stsrters, which was part of a whole School move up moming alongside current pupils too. The School is fortunate to have strong roll numbers for the commencement of the academic year 2025-26. The School continues to re￿1ve many positive reviews and accolades from publications Including Tatler, Talk Education, Muddy Stilettos and The Good Schools Guide. Alumni The School values its Old Lambrookian Community and as well as sending out a temily newsletter, with updates of all things Lambrook, il offers several opportunities to come back and visit the School and to meet with fellow former pupils. In March, we hosted a very happy lunch for Old Lambrookians (who were post University age). The visitors ranged from 28-88 and loved their tour5 of the School by Senior Pupils, lunch in the BG Room with Lambrook staff and relished the opportunity to look through archives relating to themselves. This research was completed by the School's archivist, who continues to be key in researching and preserving the history of Lambrook. We hosted our biggest Alumni Afternoon yet, which look place on the last Sunday of term. This event for recent leavers from the last 5 years Iso all al senior schooll and their families was a happy reunion of staff, parents and pupils. As well as being a lovely opportunity lo bring people together, we hope that il will be a natural platform to follow up with parents, inviting them lo be a part of a new inilialive, the 1860 Club a 'Friends of Lambrook, database for Old Lambrookian parents too. Looking ahead, we will host a 10 year anniversary reunion in the Michaelmas Term. The Digitslisation Project, digitising the Lambrook School archives, is underway, in close consultation with the School Archivist and the Alumni Manager. The School also has welcomed back former pupils for tours and several recently returned lo speak lo Year 8 pupils as part of their leavers, programme. The Future While being mindful of the current pressure on the independent sector and on our parents, we also see this as a prime opportunity for Lambrook lo solidify its position as the leading Prep School in the country. 11 is vital that we don't stand still as a School, as we have never done in the past, and will continue to move Lambrook forward in line with our purpose of providing the most outstanding and enriching of educational experien￿$, and investing in our people, our provision, in others and, of course, the School's future. Page 13 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Charity and Fundraising Charitable Objects The charitsble objective of the School is the provision of education for children. The Govemors, who are also Trustees, regularly monitor the School's perfomiance and carefully and regulady consider if it meets ils objectives. The Governors, role is voluntsry, and no Governor receives any remuneration. The annual surplus is not dislributsble and is reinvested in the infrastructure of the School. Fundraising Lambrook's Fundraising Policy requires the highest stsndards of fundraising and follows the Institute of Fund Raising's Code of Practice, driven by the principles of Fairness, Inclusiveness and Accountability, and complies with the Charities Act 2011, the Data Protection Act 1998 and the General Data Protection Regulations 2018. During the last academic year, there have been no complaints about the School's fundraising activities and the School does not make persislenl approaches lo potential donors. The School's Lambrook Foundation formalises the giving to Lambrook In the areas of bursary provision, schools, partnership Ibolh locally and internationally) and charity Initiatives. The School is extremely fortunate to have strong support from donors, who are mainly current or former parents. These donors collectively give towards the work of The Foundation, financially and through the sharing of resources and the giving of professional expertise, all which benefit current and future pupils and our partnership schools both locally and inlernalionally. The School does not use the service5 of professional fundraisers, rather, using its own internal resources to raise funds and lo make the Lambrook Community aware of its strategy. The Lambrook Foundation strives to make a differen￿ in the lives of the pupils who are educated at Lambrook, and children further afield, so that these children then go on to make a difference In the lives of others, both now and in the future. Lambrook aims to raise be￿een £400k - £500k each year towards these Iransformalional opportunities for both ils pupils and the wider Community through.. Providing Iransformalional bursaries Partnering with schools locally Partnering with a school internationally Supporting local, national and international charities Developing the School sile Bursaries This academic year, Lambrook has been able to provide transformational bursaries for 23 pupils. All bursaries are means tested by an external agent. Royal Springboard Full Bursaries Lambrook is delighted that it has formal links with the Royal National Children's Springboard Foundation and through them, potential Year 7 pupil candidates are identified these children are the children who would embra￿ all on offer at Lambrook and would truly flourish al the School. Typically, a bursary will include uniform, transport, clubs and trips. General Bursaries - Lambrook aims to offer bursaries to those who would truly make the most of the Lambrook experience, bul who would not be able lo pay full school fees. With the Government imposed lax on school fees, there has been an increase in bursary applications, with a further increase anticipated over the coming months. Page 14 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Partnering with School$ Locally The School places a strong emphasis on partnering with local state schools. Over the past year, Lambrook has enjoyed partnership days with around 60 local schools in subject areas including Maths, Music, STEAM, Geography, Sport, Science and Humanities. In addition.. Lambrook currently provides swimming lessons to two local primary schools. Several members of Lambrook staff are Govemors at its partnership schools. Lambrook staff offer specific lessons and training courses to staff from partnership schools throughout the year. Lambrook continues lo shareldonate resources such as IT equipment, books and furniture with several local schools. Partnering with Schools Internationally Lambrook has now partnered with Hope Valley Farm School for several years. Following the Suc￿sS raising fvnds for a toilet block and, most recently, providing a brand-new minibus for the school, Lambrook raised funds for an outdoor shelter. 11 was a privilege lo welcome the Head from the School to Lambrook this year lo hear more about this project and school life in general. A Year 8 Tutor Group continue lo take part in a 'link up, scheme with the same aged Year Group in Hope Valley. Following this pilot, we hope to extend this to other Year Groups throughout the School. We have further plans lo develop the relationships be￿een staff and staff and pupils and pupils during the next academic year. Public Benefit The Lambrook Foundation, Schools, Partnership and Schools, Benefit Lambrook continues to expand and promote The Lambrook Foundation. Through the Lambrook Foundation, the School provides a number of bursaries which are 8W8rded to children who would not otherwise be able to access the School but truly benefit from all that Lambrook has to offer. The value of the bursaries and allowances offered in 2024-2025 was £283,078. In addition, Lambrook is delighted to have strong formal links with the organisalion Royal National Children's Springboard Foundation. During the Summer Term, Lambrook provided free swimming lessons for two local Primary Schools. Lambrook has strong links with many of Ils Partnership Schools in its local area. During the past academic year, Lambrook has hosted many partnership events benefitting over 60 local state schools (see above). Page 15 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Sharing Facilities. Resources and Expertise In parallel with its educational partnerships, Lambrook provides public benefit to ils surrounding community.. Various items of sports equipment has been donated lo local partnership schools. Many library and resource books have been donated to some of these partnership schools. Items of furniture and IT equipment were donated lo several local schools. Lambrook continues lo be a designated refuge for a neighbouring school, with the Sports Hall being made available as its evacuation venue for disaster recovery practices. It also offers ils car parking space for their larger events. Several members of staff at Lambrook currently serve as Governors for other schools, holding responsibility in specific roles and providing additional academic expertise. Lambrook staff members visit local schools to offer specialised lessons and to give tslks and assemblies. The ongoing drama partnership with one local school assists in the provision of technical equipment for ils productions. Lambrook includes other schools and individual pupils in its Performing Arts external examination schedules. The Lambrook Kitchen donates food lo the Phyllis Tuckwell Hospice Care Home. Lambrook's Performing Arts Centre auditorium has been used by several groups and organisations, including a Community Choir and a Choral Society. One of the Lower School Choirs went lo sing for local elderly residents al Christmas time. The Lambrook Senior Chapel Choir regularly use their talents for the benefit of others, visiting and performing for communities and local care homes, including an International Nurses, Day Servi￿ held at Ascot Priory. A Perfomiing Arts staff member runs a local community choir fundraising events for local schools, involving Lambrook pupils too. The Sports Hall and playing fields are regularly used by the England Visually Impaired Cricket Team, the playing fields are used by Berkshire CoLJnty Cricket, the Golf Course hosts the Berkshire Girls, Beginners, and two local netball clubs hold matches on the Astroturf and Hard Courts,. a member of staff also offers her services as a coach. The School provides use of Lambrook minibuses for several local organisations and local schools, enabling them to gel to sports fixtures, competitions and trips. Local residents and groups are regularly invited lo the School for various occasions, including drinks re￿ptiOnS, talks, art exhibitions and music concerts. A member of Lambrook staff continues lo depulise for the Vicar and the Lay Minister of the Benefi￿ at Harvest, Remembrance, Christmas and Passiontide services in the local Parish Church. Page 16 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Fundraising and Charity Initiatives Over the course of the year, there have been many fundraising events for The Lambrook Foundation and the areas that it supports.. 'An Evening With, event for parents and the wider community, including an interior design event and 'An Evening with Kate Adie, A Re-wear and Share Clothing event A lampshade maslerclass Christmas Fair run by the LPTC Parent and Teacher Quiz Ladies, Lunch, hosted in London Padel Tournaments for parents and staff House Charity Fundraising Days lorganised by pupils) Year 8 Charity Day A Silent Auction In addition". Thousands of pounds have been raised for Hope Valley Farm School, for a minibus and towards the building of an outdoor shelter for the school. Pupils and parents look part in many fundraising events to meet the financial target. The Lambrook Community collected and donated clothing and practical items for a homeless shelter in London. The School sent clothing to Care for Calais - a volunteer-run refugee charity working with refugees in France and Belgium. Lambrook families regularly donated food and hygiene items lo both Windsor and Bracknell Foodshare. Pupils also went lo the food bank warehouses to help sort the items. Families donated, packed and wrapped over 300 Christmas boxes for First Days to give lo children, packed with fun toys and games as well as practical items such as hals and gloves. These families would otherwise have had no Christmas presents. Families donated special care packs for users of the Windsor Baby Bank. One particular whole-school highlight for the children was the opportunity lo fundraise for Macmillan Cancer Support by taking part in an annual colour run, where collectively, thousands of pounds were raised. Prep School pupils also look part in one of three triathlons for Restless Development with Lambrook being the biggest fundraiser. A pupil ran 1 km a day for a month to raise money for his chosen charity. A pupil climbed Mount Kilimanjaro in support of The Lambrook Foundation. Lambrook created its own '12 Days of Giving, Advent Calendar where Lambrook families were able to support others and the environment, each day of Advent. From the donating of books for the Children's Book Project to giving old Christmas jumpers to local charity, Daisy s D￿2m, there were plenty of opportunities for all of the community lo get involved. Each of the four Houses in the Prep School chose their own charity to support with pupils tasked in Coming up with their own fundraising ideas over the year for the following charities". Dewar.. The Baby Bank, Windsor Athlone.. Building for the Future, for children with additional needs Goodhart.. Taylor Made Dreams, for children with life-limiting illnesses Alexander.. Alexander Devine Children's Hospi Page 17 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 This year, the School, together with significant fundraising efforts from the Lambrook Parent Teacher Committee, has raised more than £65k to financially support the following charities.. Hope Valley Farm School Children in Need Macmillan Can￿r Support Jeans for FOP Restless Development Royal Brit15h Legion Poppy Appeal Icanandlam The Lambrook Foundation The Children's Society Variety- a charity in Barbados The House charities named above It has also been able lo provide practs'cal support to the following charits'es.. Daisy's Dream Care for Calais Windsor and Bracknell Food Banks First Days Bracknell Ukraine Centre Homeless Shelter in London Windsor Baby Bank Ascot Priory and Inlemational Nurses Windsor Probus The Children's Book Project Page 18 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Future Plans 11 is vitsl that Lambrook does not stand sb"Il as a School and it is strongly committed to Ils pupils and the School Community and lo ils future. Investing in our People Our Pupils Offering the most exciting and enriching educational experience for every one of our pupils from Nursery to Year 8. Inspiring and equipping our pupils in their joumey to become aspirational, inspirational, relational, engaging, empathetic, Intuitive, innovative, inquisitive, resilient and oU￿ard looking young people, prepared for their lives ahead. Providing our children with the 'feathers to fly, as they build on their extraordinary potential as they move up through their years al Lambrook, on lo their Senior Schools and Into the world beyond. Our Staff Appointing the most aspirational and inspirational staff team at Lambrook, fully equipped lo meet the needs, strengths and qualities of our pupil community. Giving Lambrook's aspiring leaders the best possible opportunities for their development al Lambrook and beyond. Confimiing that Lambrook is the number one choice of school to be at for any teacher with a passion and a desire lo make a differen￿ in the lives of children Our Parents Valuing the wonderful parent community, whose commitment lo the School and all that we celebrate, is exceptional and most humbling. Continuing lo work in partnership as we support the children through their formative years, preparing them for all that awaits them in the future. Treasuring and enabling opportunities to gather together as a Lambrook community where bonds of support are strengthened. Investing in our Provision Investing in Our Curriculum Our commitment lo every child reaching their academic potential remains as strong as it has ever been. We are mindful of our reputslion for enabling our children to reach the most outstanding future schools, equipped with the aptitude and qualities lo enhance all of the academic experiences they will encounter. Our teaching and leaming priorities.. Providing opportunities for children lo be more innovative in their learning exploring avenues that will open up greater possibilities in their understanding of, and passion for, a subject. Encouraging pupils lo hone creativity, Inib-ative and flexibility in their studies. Embracing the opportunities that are ever evolving though digital technology, including artificial intelligence, empowering pupils lo confidendy be a part of this future. Preparing globally astute citizens. challenging and inspiring pupils to think deeply and meaningfully about the wodd in which they live and equipping them for a world beyond Lambrook. Identifying, nurturing and promoting the gifts of all our pupils. Vvorking alongside families and the Senior Schools that we send on lo, lo find the right future school for their child, knowing where each child will truly flourish. Page 19 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Investing in Our Pastoral Care Our pupils, wellbeing and happiness remains al the front and centre of all that we do here and we continue to make it our absolute priority. If our pupils are happy and settled then they will thrive all the more. Our Pastoral priorities: Matching the ever%rowing pressures on young people with the most experienced and dedicated staff at every stage., Promoting kindness to others, kindness to our world and kindness to ourselves., Continuing lo enable our pupils to cope and truly thrive both al school and in the boarding environment and being able lo manage themselves through the more challenging moments., Developing our mental health support and equipping pupils with the emotional literacy to help them understand how they are feeling., and Equipping and educating our pupils on the benefits, risks and challenges of social media, the internet and Al readying them for now and the future. Investing in Our Co-curricular We are proud of our dynamic Co-curricular programme,. the opportunities that our pupils experience from Pre Prep to Prep, are simply extraordinary and we are committed lo enhancing this even further. Our Co-curricular priorities: Providing even more opportunities for pupils In the areas of sport, the creative arts, performing arts, clubs and activities, developing a broader array of interests and making the most of our beautiful grounds. Encouraging pupils to embrace every opportunity that comes their way and to push them even further in areas that go beyond the Co-curricular, including residential trips, expeditions, competitions and leadership. Investing in Our Facilities As we strive to secure the long-lerm future of Lambrook, and as we look to meet the needs of our school community, both now and in the years ahead, we have identified three main areas of focus.. Developing an inspiring environment for innovation in leaching, learning and exploration., Expanding the provision for pastoral care and pupil wellbeing,. and Upgrading facilities for Co-curricular aclivilies, particulady for Sport and the Performing Arts. Investing in Others Lambrook Is keen lo remain outward-looking In ils approach and will seek to promote and expand The Lambrook Foundation, through bursary provision and the partnership it has with local schools, International schools and many charities. Lambrook will strive to develop this even further next year. The remarkable generosity and support of parents and the commitment of pupils and staff, combine lo make a difference lo those around us. The impact that the Foundation has already made has been nothing but transformational, for the pupils who have been enabled lo attend Lambrook on bursaries, for the charities we have been able to support, both practically and financially, and for the work with our partner schools, both locally and internationally. Lambrook is committed to raising funds towards Iransformalional opportunities for both its pupils and the wider community through.. Providing transformational bursaries., Partnering with schools locally., Partnering with schools internationally,. and Supporting charities locally and nationally. The Senior Leadership Team and the Governors are confident that Lambrook will continue to be a dynamic, efFicienl, exciting and cohesive School. Page 20 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Financial Review The unreslricled operating surplus for the year before depreciation and donations to the Lambrook Foundation was £1,591,864 a decrease of £986,139 from the previous year. Donations received during the year to 31 July 2025 amounted lo £738,588 (2024.. 376, 173) resulting in a net surplus after depreciation for the year of £1,409,554 (2024.. £2, 070.210). The operational efficiency of the School is regulady monitored throughout the year by the Finance and General Purposes Committee to ensure that maximum resources are allocated to the education of the children. The School achieves its liquidity obieclives by the careful management of working capital and regular forecasting of short and long-lerm cash requirements. The School's cost base predominantly comprises staff costs, although there is exposure lo increases in utility and related building operational costs. The School's exposure lo credit risk is mitigated by fees being due al the beginning of each term. Reserves Policy On 31 July 2025, the School's unreslricled funds were £24,746,472 (2024.. £23,341.661). After deducting the carrying value of tangible fixed assets held for the School's own use and adjusted for borrowing there were reserves as defined by the Charity Commission of £6, 192,278 (2024. £4,300, 763J. The School's reserves policy is lo maintain its unrestricted reserves at a level that will allow the School sufficient liquidity for normal operations. The policy is to build up free reserves through annual surpluses over the next two years in order lo fund the continued investment in Lambrook's infraslruclure. At 31 July 2025, tsking account of future cash flows, the Govemors consider that reserves are sufficient. The School continues to generate further funds for improvements to the fabric of the buildings and funds are reviewed on a regular basis. Having assessed the School's financial position, its plans for the foreseeable future, the risks to which it Is exposed and the detailed cash projections, the Governors are satisfied that the School is financially robust. Reference and Administrative Infomiation Lambrook School Trust Limited is a company limited by guarantee without a share capitsl, having Iwo members, each of whom guarantees lo pay £1 in the event of the companls liquidation. The company number is 00898539 and the charity number Is 309098. On 31 July 2009 Lambrook Haileybury School Trust Limited and the Imperial Service Endowment temiinated their 1997 amalgamation agreement by mutual consent. Following the separation from the Imperial Service Endowment, Lambrook Haileybury School Trust Limited changed its name to Lambrook School Trust Limited. To reflect the significant investment in the School made by the Imperial Service Endowment during the period of the amalgamation, the Separation Agreement dated 31 July 2009 provided for the amendment of clause 7 of the Memorandum of Association of Lambrook lo read as follows.. Page 21 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 If upon the winding-up or dissolution of Lambrook there remain5, after the satisfaction of all debts and liabilities, any propety whatsoever, the same shall not be paid or distributed among the members of Lambrook, but shall be given or transferred lo the Imperial Service Endowment Icharity No. 310013-231 I ISE'I provided that, al the dale of such winding-up or dissolution ISE is a charity with educational objects and, if and so far as effect cannot be given to such provision, then to some other charitsble object. Governing Document The company is governed by Ils Memorandum and Articles of Association. Governing Body The Govemors are all Directors of Lambrook School Trust Limited. Those who held office during the year are listed on page 1. Govemors are appointed by the Board either to fill a casual vacancy or to provide additional expertise. Each Governor Is ele¢led for three years and retiring Governor5 can stand for re-election at the Annual General Meeting. Governors will not remain in position for more than three terms other than in exceptional circumstances. Governance Lambrook complies with the Charity Commission's Code of G0veman￿, ublising the Code's guidelines and principles lo ensure the highest standards of Governance are maintained. The effectiveness of the School's GovemanTr is monitored by the Govemance and Nominations Committee which meets once per term. Recruitment and Training of Governors Potential Governors are identified by members of the Goveming Body to bring a breadth of skills to the Board. Once elected, they re￿1ve an Induction day al the School led by the Chair and Headmaster with talks given by all the members of the School's Senior Leadership Team ISLTI to provide an insight to the running of the School. Training courses are regularly offered lo the Govemors, particulady where a Governor has been selected lo address a particular area, e.g. child protection Issues. All Governors are required lo attend the annual KCSIE update provided by the School's DSL. Oryanisational Management The members of the Governing Body are legally responsible for the overall management and control of the School and meet once a temi. To assist In the performance of their role, the Board delegates some of its workload to the Committees detailed on page 1. All of the Committees meet On￿ per term. The day lo day running of the School is delegated to the Headmaster who is assisted by the SLT. The Headmaster, Director of Finan￿ and The Bursar attend meetings of the Governing Body and ils Committees. The remuneration of key management personnel is sel by the Board, with the policy objective of providing appropriate Incentives to encourage enhan￿d performance and of rewarding them fairfy and responsibly for their individual contributions to the School's success. The appropriateness and relevance of the remuneration policy is reviewed annualty, including reference to comparisons with other independent Schools lo ensure that the School remains sensitive lo the broader issues of pay and employment condibons elsewhere. Page 22 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Group Structure and relationships The Company has a wholly owned subsidiary, Lambrook Sports and Leisure Club Limited ILSLCLI. The School is a member of the following oryanisalions.. The Incorporated Association of Preparatory Schools The Association of Governing Bodies of Independent Schools The Boarding Schools, Association The Independent Schools, Bursars Association The School aims to achieve the highest standards in the Independent Education sector by establishing links with other Sch(iols, a rigorous appraisal system and the encouragement of good practice. The School 5UPPOrts many local and national charities which assists In developing pupils, awareness of their wider social responsibilities. Principal Activity The principal activity of the School is the provision of education for boarding and day pupils, boys and girfs be￿een the ages of 3 and 13. The School educated 628 pupils during the academic year of 2024-20251630 in 2023-20241. Rlsk Management The Board is responsible for ensuring that there is a proper system in pla￿ to identify significant risks faced by the School and that these risks are being appropriately mitigated. This responsibility is part of the terms of reference of the Finance and General Purposes Committee. Management of risk is delegated to the SLT within this framework. Risks are analysed under the four headings of Strategic, Operational, Financial and Compliance and through estsblished systems of intemal controls risks are managed to minimise the potential impact on the School. The Risk Register is kept under constant review, updated by the SLT and monitored annually by the Finan￿ and General Purposes Committee as a standing item at the Summer Term meeting. Risks identified by the sub-committees of the Board during the course of the year are added lo the Register as they arise and appropriate safeguards introduced to minimise the likelihood of occurren￿. Prlnelpal Rlsks and Uncertalntles The principal risks Identified include the following.. Reputation Management Succession Health and Safely Systems of Financial Control Data Protection A detailed review of all identified risks has been performed and the required actions to mitigate these risks have been implemented. In the opinion of the Governors, the School has established systems of internal controls and other safeguards, including insurance, which under normal circuMstan￿S allow risks to be managed at an acceptable level. Page 23 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Provision of Information to Auditors Each of the persons who are Govemors acting at the lime when this Govemors, Report is approved has confirmed that.. so far as that Governor is aware, there is no relevant audit infom)alion of which the company's auditors are unaware," and that Governor has taken all the steps that ought to have been taken as a Governor in order lo be aware of any information needed by the School's auditors in connection with preparing their report and to establish that the School's auditors are aware of that information Auditors In accordance with Section 485 of the Companies Act 2006, 8 resolution proposing the re-appointment of Crowe U.K. LLP as auditors to the company will be put lo the Annual General Meeting. Approved by order of the members of the Board of Governors and signed on their behalf by.. 8Wby'. 54956849FF6C41E Mr B Chukwuemeka (Chair of the Finance and General Purposes Committee) Dale.. 02 December 2025116.'01 GMT Page 24 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) STATEMENT OF GOVERNORS. RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY 2025 The Governors Iwho are also the directors of the company for the purposes of company lawl are responsible for preparing the Governors. report including the Strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the Governors lo prepare financial statements for each financial . Under company law, the Governors musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of Ils Incoming reSoU￿eS and application of resources, including Its income and expenditure, for that period. In preparing these financial statements, the Govemors are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principle5 of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements", prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Govemors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the Board of Governors and signed on its behalf by.. 8b3Mdby.' 549￿4gFF6C41￿. Mr B Chukwuemeka ICh8ir of the Finance and General Purposes Committee) Dale". 02 December 2025116'.01 GMT Page 25 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LAMBROOK SCHOOL TRUST LIMITED Oplnlon We have audited the financial statements of Lambrook School Trust Limited Ilhe 'charitsble company'l for the year ended 31 July 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practi￿1. In our opinion the financial statements.. give 8 true and fair view of the slate of the charitable company's affairs as at 31 July 2025 and of ils incoming resources and application of resources, including its income and expenditure for the year then ended., have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Governors. 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 charitable companls ability lo continue as a going concern for a period of al least ￿e1ve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Governors with respect lo going concern are described in the relevant sections of this report. Page 26 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LAMBROOK SCHOOL TRUST LIMITED ICONTINUEDI Other Informatlon The other infomialion comprises the information included in the Annual report other than the financial statements and our Auditorfs report Ihereon. The Governors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly slated in our report, we do not express any form of assuran￿ conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misststemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlon on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Governors, report including the Strategic report for the financial year for which the financial statements are prepared is consistent with the financial stalemenls. the Governors, report and the Strategic report have been prepared in accordan￿ with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the charitsble company and its environment obtsined in the course of the audit, we have not identified material misstatements in the Governors, report including the Strategic report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us,. or the financial slalements are not in agreement with the accounting records and returns., or certain disclosures of Governors, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Page 27 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LAMBROOK SCHOOL TRUST LIMITED ICONTINUEDI Responslbllltles of trustees As explained more fully in the Governors. responsibilities statement, the Governors (who are also the directors of the charitable company for the purposes of company lawl 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 Governors determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the Govemors are responsible for assessing the charitsble company's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the charitsble company or to cease operations, or have no realistic alternative but lo do so. Audltorfs responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial ststemenls 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 IUKI will always detect a material misststemenl 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 lo influence the economic decisions of users taken on the basis of these financial ststemenls. Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design procedures in line with our responsibilities, oudined above, lo delect material misstalemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detailed below.. We obtsined an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, Charities Act together with the Charities SORP IFRS 1021. We assessed the required compliance with these laws and regulations as part of our audit prO￿dureS on the related financial stslement items. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamentsl lo the charitable company's ability to operate or lo avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context were The Education Ilndependenl School Slandardsl Regulations 2014, Health and Safety, General Data Protection Regulations, Safeguarding and Food Standards. Auditing stsndards limit the required audit procedures to identify non- compliance with these laws and regulations to enquiry of the Govemors and other management and inspection of regulatory and legal correspondence, if any. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, lo be within the override of controls by management. Our audit procedures to respond lo these risks included enquiries of management, and the Finance and General Purposes Committee about their own identification and assessment of the risks of irregularities, sample lesling on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, Independent Schools Inspeclorale, Ofsted and reading minutes of meetings of those charged with governance. Page 28 **Docusign Envelope ID: A4F117E3-E0D5-4BD3-AEC7-ACB91 BA 1 EEAF** ## **LAMBROOK SCHOOL TRUST LIMITED (A company limited by guarantee)** ## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LAMBROOK SCHOOL TRUST LIMITED (CONTINUED)** 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.orq.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 its members, as a body, for our audit work, for this report, or for the opinions we have formed. **Janette Joyce (Senior statutory auditor)** for and on behalf of **Crowe U.K. LLP** Statutory Auditor R+ Building, 2 Blagrave Street Reading Berkshire RG11AZ Date: 5 December 2025 Page 29 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and grants Charitsble activities.. School fees receivable Other income other trading aclivilies.. Other income 709.836 28.752 738.588 376, 773 13,720,576 2,167,989 13,720,576 2,167,989 13,643,989 2, 151, 729 141,663 141,663 50,267 Investments". Bank interest 395,722 395,722 320,642 Total income 17,135,786 28,752 17,164,538 16,542,800 Expenditure on: Raising funds.. Financing eosts Charitable activities 80,145 15,658.460 80,145 15.674.839 63,838 14,408, 752 16.379 Total expendlture 15,738,605 16,379 15,754,984 14,472,590 Net income Transfers be￿een funds 1.397,181 7,630 12,373 17.6301 1.409.554 2,070,210 21 Net movement in funds 1,404,811 4,743 1,409,554 2,070,210 Reconeiliation of funds.. Total funds brought forward Nel movement in funds 23.341.661 1.404,811 17.630 4,743 23,359,291 1.409,554 21,289,081 2,070,210 Total funds carried forward 24,746,472 22,373 24,768,845 23,359,291 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 34 to 58 form part of these financial statements. Page 30 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) REGISTERED NUMBER: 00898539 BALANCE SHEET AS AT 31 JULY 2025 2025 2024 Note Fixed assets Tangible assets Investments 13 14 19.171.315 19,677,62T 19,171,316 19,677,628 Current assets Stocks Debtors Cash al bank and in hand 15 16 44.010 1,887,793 11.460,546 4,171 1,046,768 32,658,234 13.392.349 73, 709, 173 Current liabilities Creditors.. amounts falling due within one year 17 14,940,587) (5,352,428) Net current assets 8.451.762 8,356, 745 Total assets less current liabilities 27,623,078 28,034,373 Creditors.. amounts falling due after more than one year 18 12,854,233) f4,675,082) Total net assets 24.768,845 23,359,291 Charity fund$ Reslricled funds Unreslricled funds lincluding revaluation reserve) 21 22.373 77,630 21 24.746,472 23,341,661 Total funds 24,768,845 23,359,291 Page 31 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) REGISTERED NUMBER: 00898539 BALANCE SHEET {CONTINUED) AS AT 31 JULY 2025 The Govemors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements were approved and authorised for issue by the Governors and signed on their behalf by: 5Wby'. 54956849FF6C41E Mr B Chukwuemeka (Chair of the Finance and General Purposes Committee) Dale.. 02 Decernbei 2025 | 16.'01 GMT The notes on pages 34 to 58 form part of these financial statements. Page 32 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025 2025 2024 Note Cash flows provided by operating activities Nel cash provided by operating activities 23 1.376.075 3,312,942 Cash flovts from investing activities Purchase of tangible fixed assets Interest income 11.116.613} (2, 751, 709) 395,722 320,642 Net cash used in investing activities 1720,891) I2,431,0671 Cash flows from financing activities Repayments of ISE loan finance Payments on account Payments on account ulilised Receipts from payments on account Wilhdr8wal from Scheme (24,500) (24,500) 12.180.948} 749,173 1396,597) (509,225) 5,058,004 Net cash (used inllprovided by financing activities 11.852.872} 4,524,279 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 11.197.688} 5.406,154 12,658,234 7,252,080 Cash and cash equivalents at the end ofthe year 24 11.460.546 12,658,234 The notes on pages 34 to 58 form part of these financial statements Page 33 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 General Infomiatlon The principal activity of the School is the provision of education for boarding and day boys and girls, be￿een the ages of 3 and 13. The Charity Iregislered number 0898539 and charity number 3090981, is incorporated and domiciled in the UK. The address of the registered office is Winkfield Row, Bracknell Berkshire, RG42 6LU. Accountlng pollcles 2.1 Basis of preparation of financial statements The financial slalements have been prepared in accordan￿ with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Lambrook School Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Going concern Having reviewed the funding facilities available lo the School together with the expected ongoing demand for places and the School's future projected cash flows, the Governors have a reasonable expectation that the School has adequate resources to continue ils activities for the foreseeable future. Accordingly, they continue to adopt the going con￿rn basis. The financial stslements are prepared under the historical cost convention. They include the results of the School's operations as described in the report of the Governors. 2.3 Group accounts The accounts of Lambrook Sports and Leisure Club Limited and Lambrook School Ilnlernationall Limited have not been consolidated with those of the School as the Governors consider that the amounts involved are not material. 2.4 Income All income is recognised On￿ the company has enlitlemenl lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. School fees School fees represent amounts receivable for educational services provided, including extras. Other income includes chargeable extras, school trips, registration fees, school transport, flexible boarding fees and similar income. Amounts received under the School's Payment on Account Scheme contracts, for education not yet utilised lo setue school fees, are recorded as deferred Income and allocated as current liabilities where the education will be provided within 12 months from the reporting date and as long-term liabilities where the education will be provided in subsequent years. Donations and grants Income from donations is recorded when the funds are received. Page 34 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accountlng pollcles Icontlnuedl 2.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that aclivily. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the company to raise funds for ils charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on direcuy undertaking the activities which further the company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.6 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.7 Taxatlon The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempl from tsxalion in respect of income or capitsl gains re￿iVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Charyeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 2.8 Tangible fixed assets and depreciation The School has applied the 'deemed cost, provisions of FRS102 in that valuations of previously revalued land and buildings will not be further revalued. Tangible fixed assets costing £3,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tsngible fixed asset into its intended working condition should be included in the measurement of cost. Page 35 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accountlng pollcles Icontlnuedl 2.8 Tangible fixed assets and depreciation Icontinuedl Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straighl-line method. Depreciation is provided on the following bases.. Freehold propety Roadway Freehold improvements Plant and machinery Motor vehicles Temporary classroom 2QA per annum 5Qk per annum 100/0 per annum 100/0 250/0 per annum 250/0 per annum 340/0 per annum The assets, residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a signifi'cant change since the last reporting date. Gains and losses on disposals are determined by comparing the prO￿edS with the carying amount and are recognised in the Statement of financial activities. 2.9 Investments Fixed asset investments are a form of financial instrument and are initially recognised al their transaction cost and subsequently measured al fair value al the Balance sheet date, unless the value cannot be measured reliably in which case it is measured al cost less impaimient. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on investments, in the Statement of financial aclivilies. Investments in subsidiaries are valued at cost less provision for impairment. 2.10 Stocks Stocks are valued al the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.11 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.12 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Page 36 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accountlng pollcles Icontlnuedl 2.13 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan￿ sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the company anticipates it will pay lo sethe the debt or the amount it has received as advanced payments for the goods or SeNi￿S it must provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finan￿ cost. 2.14 Parents. deposlts The Governors have reviewed the contract terms under which Pupil fee deposits are held by the School. Although under normal circumstances these will be repaid over future years when the pupils complete their education at the school, pupils can leave al earlier dales. The School does not therefore have an unconditional right lo retain the individual deposits for al least 12 months after the balan￿ sheet date and, in line with the requirements in FRS 102, the balan￿ of the deposits held at the year end have been included within current liabilities. 2.15 Flnanclal Instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. Page 37 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accountlng pollcles Icontlnuedl 2.16 Pensions The school operates a contributory superannuation scheme under the Teachers, Superannuation Regulations 1976 lamendedl The pension costs charged in the year for the Teachers, Pension scheme are based on the contributions made lo the ￿ntralIzed government pension scheme run by the Department For Education as staled in note 27. The School offers its teaching staff Iwho were employed prior to 1 September 20251 a defined contribution scheme as an alternative pension scheme to the Teachers, Pension Scheme. The decision as to which scheme lo join is the option of the school's existing staff and they are able to switch between this scheme and TPS. However if they exit TPS after 1 September they cannot rejoin. This scheme was introduced on 1 February 2023. From 1 September 2025 the school entered a phased withdrawal from the Teachers, Pension scheme. All leaching staff joining Lambrook on or after 1 September 2025 are enrolled into a defined contribution scheme run by AVIVA IAPTISI. The Charity contributes to the Pensions Trust Growth Plan for non-teaching staff. This is in most respects a money purchase arrangement, but does include ￿rtain guaranteed benefit elements. The Plan is a multi-employer scheme. It is not possible in the normal course of events lo identify the share of the underfying assets belonging lo the individual participating employers, and in accordance with FRS102, is accounted for as a defined contribution scheme with contributions being recorded as they become payable. However the School also makes deficit contribution payments to the Scheme and, in accordance with FRS 102 these payments have been measured al fair value and included as a liability on the balance sheet. The contributions for all Schemes are charged in the Statement of Financial Activities in the year in which they are payable. 2.17 Fund accountlng General funds are unrestricted funds which are available for use al the discretion of the Governors in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Governors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial ststemenls. Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. When buildings are completed funds are transferred from Restricted to Unrestricted as the restriction on the donation has been fulfilled. Page 38 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Crltlcal accountlng estlmates and areas of judgment In the application of the charity's accounting policies, which are described in note 2. Trustees are required lo make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other SoUr￿s. The estimates and underlying assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The Governors consider that there are no material judgements in applying accounting policies or key SoUr￿S of eslimalion uncertainty- Income from donatlons and legacles Unrestrlcted Restrlcted funds funds 2025 2025 Total funds 2025 Donations 709,836 28,752 738,588 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Donations 347,272 28,901 376, 173 Page 39 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Income from charltable actlvltles - School fees 2025 2024 The School's fee income comprised". Gross fees Less.. bursaries and allowances 14,326.638 14,167,651 1622,441) (544,933) 13,704,197 13,622,718 Add back.. Bursaries paid for by reslricled funds 16,379 21,271 13,720,576 13,643,989 Income from charitable activities - Other income 2025 2024 Chargeable extras- income Registration fees Flexible boarding fees 2.003.946 46.666 117,377 2,016,844 50,804 84,081 2,167,989 2, 151, 729 The total other income from charitable activities is unrestricted in both years. Other tradlng Income 2025 2024 other income 106.832 34,831 2,986 47,281 Board recovered 141,663 50,267 The total other trading income is unreslricled in both years. Page 40 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Expendlture on ralslng funds Flnanclng costs Unrestrlcted funds 2025 Total funds 2025 Bank charges Bad debt provision movement 5,679 74,466 5,679 74,466 80,145 80,145 Unrestricted funds 2024 Total funds 2024 Bank charges Bad debt provision movement 7,437 56,401 7,43T 56,401 63,838 63,838 Page 41 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Analysls of expendlture on charltable actlvltles Summary by fund type Unrestrlcted Restrlcted funds funds 2025 2025 Total 2025 Teaching costs Welfare costs Premises costs Support costs Grant making Ireslricledl 8,423,224 1,341,587 2,960,017 2,933,632 ,423,224 1,341,587 2.960,017 2,933,632 16,379 16,379 Total 2025 15,658,460 16,379 15.674,839 Unrestricted funds 2024 Restricted funds 2024 Tot81 2024 Teaching costs Welfare costs Premises costs 7,845,552 7, 128,694 2,585,911 2,827,324 7,845,552 7, 128,694 2,585,911 2,827,324 21,271 Support costs Grant making Ireslricledl 21,271 Total 2024 14,387,481 21,271 14,408, 752 Page 42 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Analysls of expendlture on charltable actlvltles Icontlnuedl Summary by expendlture type Staff costs Depreclation Other costs 2025 2025 2025 Total 2025 Teaching costs Welfare costs Premises costs Support costs Grant making costs 7,285,950 649,788 654,733 2,245,500 207,634 929,640 691,799 1,608,399 688,132 16,379 ,423,224 1,341,587 2.960,017 2,933,632 16,379 696,885 Total 2025 10,835,971 904,519 3,934,349 15.674,839 Staff costs Depreciation 2024 2024 Other costs 2024 Total 2024 Teaching costs Welfare costs Premises costs Support costs Grant making costs 6,711.132 62T,212 616,796 2,080,689 159,240 975,180 501,482 1,346,759 746,635 21,271 7,845,552 7, 128,694 2,585,911 2,827,324 21,271 622,356 Total 2024 10,035,829 781,596 3,597,327 14,408,752 Included within other supports costs are governance costs of £31,070 (2024." £75,353). 10. Net income 2025 2024 Nel incoming resources are stated after charging.. Depreciation of tangible fixed assets Auditors, remuneration - audit and accounts preparation fees 904,519 25.950 781,596 24,500 Page 43 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 11. Staff costs 2025 2024 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 8.547.027 868,078 1,420,866 8,037,081 773,634 1,225, 114 10.835.971 10,035,829 The average number of persons employed by the company during the year was as follows.. 2025 No. 2024 No. Teaching Welfare 158 151 Support Premises 32 25 34 25 221 215 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2025 2024 In the band £60,001- £70,000 In the band £70,001- £80,000 In the band £80,001- £90,000 In the band £100,001- £110,000 In the band £110,001- £120,000 In the band £120,001- £130,000 In the band £210,001- £220,000 In the band £220,001- £230,000 Nine of these employees (2024.. five) accrued retirement benefits under the Teachers, Pension Scheme, four employees were members of the Pensions Trust Growth Plan (2024.. four), one was a member of APTIS (2024.. one), and one employee had a personal pension plan (2024.. one). Their contributions this year lotslled £250,474 (2024.. £159, 737). Key management comprise the Governors and key management personnel listed on page 1. They received aggregate remuneration (including employers Nl and employers pension contributions) of £716,921 (2024. £639,527). Page 44 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 12. Governors, remuneratlon and expenses During the year, no Governors received any remuneration or other benefits (2024 - £NIL). During the year ended 31 July 2025, expenses lotalling £1,632 were reimbursed or paid directly to 3 Governors (2024 - £734 10 2 Governors) for travel and safeguarding courses. Close relatives of the School's Key Management Personnel are employed at the School. Their recruitment, terms of employment and salaries are not influenced by the Key Management Personnel with whom they are connected. All salaries are reviewed by the Director of Finance and the Board of Governors. All recruitment is overseen by the School's HR department and a number of its Senior Leadership Team andlor Governors. The total amount paid to such employees {excluding employer pension contributionsl is £83,204 (2024.. £71,970). 13. Tanglble flxed assets Assets under the Motor course of vehicles construction Freehold Plant and property machinery Total Cost or valuation At 1 August 2024 Additions Capital Goods Scheme adjustment IVAT Assell Disposals 25.153.833 312.407 1.724,756 85,893 677.569 103.222 27,556,158 615.091 1.116.613 1716,447) {716,4471 65,8751 (16,7941 149,081) At 31 July 2025 24.749.793 1.793,855 731.710 615.091 27,890,449 Depreciation At 1 August 2024 Charge for the year Capital Goods Scheme adjustment On disposals 6.012.423 738.623 141,738) 1.419,259 94,074 446.849 113,560 7.878,531 946,257 141,7381 163.9161 {14.8351 149,081} At 31 July 2025 6.709.308 1.498A98 511.328 .719,134 Net book value At 31 July 2025 18.040.485 295,357 220.382 615.091 19.171.315 At31 July 2024 79,147,470 305,497 230, 720 19,677,62T Page 45 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 13. Tanglble flxed assets {contlnuedl If freehold land and buildings had not been revalued in the past, they would have been included al the following amounts.. 2025 Cost 23,530,507 312,407 Additions Transfer Aggregate depreciation 15,980,693) 17,862,221 All assets are used for direct charitable purposes. 14. Fixed asset investments Investments subsidiary companies Cost or valuation At 1 August 2024 At 31 July 2025 Not book valuo At 31 July 2025 At31 July 2024 The above investment relates to Lambrook School Ilnternalionall Limited. In addition, Ordinary shares of £1 in Lambrook Sports and Leisure Club were gifted to the Company. Page 46 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Prlnelpal subsldlarles The following were subsidiary undertakings of the company.. Names Company Reglstered offlce or number principal place of buslness Prlnclpal a¢tlvlty Class of Holdlng shares Lambrook Sports and Leisure Club Limited ILSLCI Lambrook School Ilnternalionall Limited 02900023 Winkfield Row, Bracknell, Hire of the School's Ordinary Berkshire. RG42 6LU general and sporting facilities 12002172 Winkfield Row, Bracknell, Dormant Berkshire. RG42 6LU 1000 Ordinary 1000 The financial results of the subsidiaries for the year were.. Names Income Expenditure Profitl{Lossl I Surplusl (Deficit) for the year Net assets Lambrook Sports and Leisure Club Limited ILSLCI Lambrook School Ilnlernationall Limited 5.830 {2,366) 3.464 6.788 There were no transactions belmeen LSLC and the School during the year [2024.. £Nil) in relation to staff salaries and the use of the swimming pool by Lambrook Sports and Leisure Club Limited. In the year ended 31 July 2025 total gift aid payments of £4,868 [2024.. £2, 382J were made from Lambrook Sports and Leisure Club Limited to Lambrook School Trust Limited. Al the year end the subsidiary owed £5,480 (2024.. £3, 750) lo Lambrook School Trust Limited. 15. Stocks 2025 2024 Consumables 44.010 4,171 Page 47 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 16. Debtors 2025 2024 Trade debtors- fees and extras re￿1vable Amounts owed by group undertakings Other debtors Prepayments and accrued income VAT asset 717,121 5,480 83.005 365.740 716,447 616,440 3, 750 33,145 393,433 1,887,793 1,046, 768 The VAT asset relates lo an allowable retrospective Claim under the capital goods scheme on the introduction of VAT on school fees. The majority of the balance is re￿1vable within one year. 17. Creditors: Amounts falling due within one year 2025 2024 Amounts due lo ISE Trade creditors Other laxalion and social security other creditors 24,500 478,864 208.112 369.017 122,945 1,428,089 3.566 666.536 24,500 275,352 170,128 670, 123 731,883 1,008,957 994 Fees received in advance Parents, deposits Pension scheme funding deficit Accruals 408,916 3,301,629 3,290,853 Deferred income Payments on account other fee payments on account 1.560.681 78.277 1,806,962 254,613 4,940,587 5,352,428 Page 48 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 18. Credltors: Amounts falllng due after more than one year 2025 2024 Amounts due lo ISE 609.000 633,500 609.000 633,500 Deferred income Payments on account and extras in advance 2,245,233 4,041,582 2,854,233 4,675,082 Included within the above are amounts falling due as follows.. 2025 2024 Between one and two years Amounts due lo ISE 24,500 24,500 Between two and flve years Amounts due lo ISE 73,500 73,500 Over five years Amounts due lo ISE 511,000 535,500 The School has loans with the Imperial servi￿ Endowment IISEI, an educational charity, as detailed below. An amount of £350,000 (2024.. £364,0(X)) due lo the ISE represents advances made to the School for the purpose of constructing andlor refurbishing buildings and carrying out other Improvements at Lambrook School, as sanctioned by an order by the Charity Commission dated 8 October 1998. Under the terms of this order, no interest is payable and the advances are repayable in equal annual instalments of £14,000 per annum over 50 years. A fvjrther amount of £283,500 (2024.. £294,000) Is due to the ISE. In accordan￿ with a Charity Commission Order dated 2 April 2003, no interest is payable, and the amount will be repayable In equal annual instalments of £10,500 per annum over 50 years. The above ISE loans, lolalling £633,500 (2024.. £658,000) are secured against certain School freehold land and propety. Page 49 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 19. Payment on account seheme Amounts may be paid on account to the School to be applied towards the cost of future luilion fees. The money may be returned subject lo the specific conditions slated within the Scheme lileralure. Assuming pupils will remain al the School fees on account will be applied as follows'.- 2025 2024 Wllhin 1 year Within 1 10 2 years Within 2 10 5 years 1,560,681 1.053.798 1.191.435 1,806,962 1,480,469 2,346,855 3,805,914 5,634,286 The balance represents the accrued liability under the conlrarts. The movements during the year are detailed as follows'.- 2025 2024 As at August 2024 Fees received on account 5.634.286 749.173 12,180,948} 1396,597} 1,085,50T 5,058,004 (509,225) Utilised Withdrawal from Scheme At 31 July 2025 3.805.914 5,634,286 Page 50 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 20. Flnanclal Instruments 2025 2024 Financial assets Financial assets measured at amortised cost 12,269.419 13,311,569 2025 2024 Financial liabilities Financial instruments measured at amortised cost Financial liabilities measured al fair value 13.576.0061 f3,021,348) 13.566} (994) Financial assets measured at amortised cost comprise trade debtors, amount owed by group undertakings, other debtors and cash equivalents. Financial liabilities measured at amortised cost comprise bank loans and overdr8ft, trade creditors, other creditors, amount owed lo group undertakings, parents, deposits and accruals excluding deferred income and other taxes and social security. Financial liabilities measured al fair v81ue comprise the pension deficit contribution liability. The Charitable Company's income, expense, gains and losses in respect of financial instruments are summarised below". 2025 2024 Interest income and expense: Inte￿$1 income 1395,722) {320,642) Interest expense Bad debts 74.466 56,401 Page 51 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 21. Statement of funds Statement of funds - current year Balance at 1 August 2024 Transfers Balance at inlout 31 July 2025 Income Expendlture Unrestricted funds Deslgnated funds Second Hand Unifomi Fund Development Fund Foundation Fund 79,093 250.000 1266,698} 79,093 250,000 266,698 266.698 62.395 329,093 General funds General Fund 22,488,688 16,869,088 {15,738,6051 852,973 154,765) 23,564,406 852,973 Revaluation Reserve 23,341,661 16,869.088 {15,738,6051 154,765} 24,417,379 Total Unrestricted funds 23,341,661 17,135,786 {15,738,6051 7,630 24,746,472 Rostricted funds Piano Fund Bursary Fund Year 8 Leavers, Gift 10,000 10,000 16,379 12.373 16,3791 7.630 17.630} 12,373 17,630 28,752 116,3791 17,630) 22,373 Total of funds 23,359,291 17,164,538 (15,754,984) 24,768,845 Page 52 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 21. Statement of funds (contlnuedl The Plano Fund This fund is to be used to purchase a grand piano. Bursary Fund This fund is to provide bursaries for pupils. Year 8 Leavers. Glft Fund This fund is to be used for the Year 8 Leavers. Gift. Foundatlon fund This year the foundation fund has been used to fund bursaries. Development fund This fund is for is designated for funds raised in connection with future school projects. Second Hand Unlform fund This fund is the accumulated balance from the sale of secondhand uniform and is intended to fund the purchase of school sports kit and equipment for pupils. Page 53 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 21. Statement of funds (contlnuedl Statement of funds - prlor year Balan￿ at f August 2023 Transfers Balan￿ at in/oul 31 July 2024 Incom8 Expenditure Unrestricted funds General Fund Revaluation Reserve Foundation fund (Designated) 20,426, 108 16,513,899 (14, 192,877) 852,973 (258,442J 22,488,688 852,973 (258,442) 258,442 21,279,081 16,513,899 (14,451,319) 23,341,661 Restricted funds Piano Fund 70,000 70,000 Bursary Fund Year 8 Leavers, Gift 21,271 7,630 (21,271) 7,630 70,000 28,901 (21,271) 77,630 Total of funds 21,289,087 16,542,800 {14,472,590) 23,359,291 22. Anatysis of net assets between funds Anatysis of net assets between funds - current year Unrestrieted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Fixed asset investments Current assets 19,171,315 19,171,315 13,369,976 14,940,587) 12,854,233) 22,373 13,392,349 14,940,587) 2,854,233) Creditors due within one year Creditors due in more than one year Total 24,746,472 22,373 24.768,845 Page 54 ## **LAMBROOK SCHOOL TRUST LIMITED** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025** ## **22. Analysis of net assets between funds (continued)** |**Analysis of net assets between funds - prior year**
_Unrestricted_
_funds_
_2024_
_Restricted_
_funds_
_2024_
_£_
_£_
Tangible fixed assets
_19,677,627_
_-_
Fixed asset investments
_1_
_-_
Current assets
_13,691,543_
_17,630_
Creditors due within one year
_(5,352,428)_
_-_
Creditors due in more than one year
_(4,675,082)_
_-_
**Total**
_23,341,661_
_17,630_
**Reconciliation of net movement in funds to net cash flow from operating activities**
**2025**
**£**
Net income for the year (as per Statement of Financial Activities)
**1,409,554**
**Adjustments for:**
Depreciation charges
**904,519**
Interest income
**(395,722)**
Loss on the sale of fixed assets
**1,959**
Increase in stocks
**(39,839)**
Increase in debtors
**(841,025)**
(Decrease)/increase in creditors
**(379,818)**
Capital Goods Scheme (VAT Asset)
**716,447**
**Net cash provided by operating activities**
**1,376,075**|_Total_
_funds_
_2024_
_£_
_19,677,627_
_1_
_13,709,173_
_(5,352,428)_
_(4,675,082)_
_23,359,291_
_2024_
_£_
_2,070,210_
_781,596_
_(320,642)_
_5,184_
_(4,171)_
_(292,537)_
_1,073,302_
_-_
_3,312,942_| |---|---| ## **23. Reconciliation of net movement in funds to net cash flow from operating activities** Page 55 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 24. Analysls of Cash and cash equlvalents 2025 2024 Cash in hand 11.460.546 12,658,234 Total cash and cash equivalents 11.460.546 12,658,234 25. Anatysls ofchanges In net debt At 1 August 2024 Cash flows At31 July 2025 Cash al bank and in hand Debt due within 1 year Debt due after 1 year 12.658,234 11.197,688} 11.460,546 12,086,075) 422,617 11,663,458) 4,675,082) 1,820,849 I2,854,2331 5.897,077 1,045.778 6.942,855 Debt due within one year and debt due after 1 year ￿lateS to loans and the payment on account scheme. 26. Capital commitments At the year-end the School had capital commitments contr8Cted for but not provided for of £Nil (2024." £Nil). 27. Pension commitments al Teachers Pension Scheme The School participates in the Teachers, Pension Scheme I'the TPS I for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £1, 158, 151 (2024." £1,076, 642) and at the year-end £124,914 (2024- £133,060) was aecrued in respect of eontribulions to this scheme. The TPS is an unfunded multi*mployer defined benefits pension scheme govemed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 las amended). Members contribute 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 mte is sel by the Secretary of Stale 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. The Valuation Report shows nob'onal assets of £222.2bn and liabilib'es of £262bn, resulting in a scheme deficit of £39.8bn. Page 56 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 27. Penslon commltments Icontlnuedl The employer contribution rale for the TPS is 28.60h, and employers are also required to pay a scheme adminislralion levy of 0.080/0 giving a total employer contribution rale of 28.680A. bl The Avlva Penslon Trust for Independent Schools IAPTISI From 1 September 2025, the School entered phased withdrawal from TPS following consultation with staff. All teaching staff joining the School on or after 1 September 2025 are enrolled into the APTIS scheme. Teachers and staff before 1 September 2025 may, should they so desire, opt out of TPS and join the APTIS scheme. In the year ended 31 July 2025 the pension cost charge for this scheme amounted to £45,581 (2024.. £34,974). Al the year end there was a creditor of £8,835 (2024.. £2, 606J. cl Non-Teachlng Penslon Seheme The School's non-teaching staff are entitled to membership of the Pension Trust Growth Plan I'the Plan"). This is a mulli-employer pension plan which provides benefi'ts to some 950 non-associaled participating employers. The scheme is a defined benefit scheme in the UK. is not possible for the company to obtain sufficient information lo enable it to account for the scheme as a defined benefit scheme. Therefore il accounts for the scheme as a defi'ned contribution scheme. The scheme is subject lo the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK. The scheme is classified as a 'last-man standing arrangement,. Therefore the company is potentially liable for other participating employers. obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3M, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme. The pension charge in this scheme amounted to £200,413 (2024.. £144,522) during the year (including the movement on the deficit contribution liability) and at the year end £27,760 (2024.. £27,309) was accrued in respect of contributions lo this scheme. Employees also contribute to a number of smaller schemes in respect of which the charge is £16,451 (2024.. £28,978). Page 57 DoGUSign Envelope ID." A4F117E>EOD54BD3-AEC7.ACB91BA1EEAF LAMBROOK SCHOOL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 28. Operatlng lease commltments At 31 July 2025 the company had commitments lo make future minimum lease payments under non- Can￿lIable operating leases as follows.. 2025 2024 Not later than 1 year 9.388 1,500 29. Related party transactions The intercompany transactions during the year with Lambrook Sports and Leisure Club Limited can be seen under Note 14. MITOS Global Ltd invoiced the school for staff training amounting lo £81 S (2024." Nil). Ms El-Kh8zen, lo whom this related party transaction related was a Govemor of the School in the year. Page 58