2025-08-31-accounts

Registered number.. 00133676 Charity number.- 30911S THE ABBEY SCHOOL, READING IA Company Limited by Guarantee} ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

THE ABBEY SCHOOL, READING IA Company Limited by Guarantgel CONTENTS Pag8 Refer¢n¢e and Administrative Detalls of the Company Chairman's Statement Governors, Report Independent Auditors, Report Consolldated Statement of Financlal Aetlvities 5-16 17-20 21 Consolidated and charity balance sheets Company 8alance Sheet Consolldated Statement of Cash Flows 22-23 24-25 26 Notes fomiing part of the financial statèments 27-45

THE AB8EY SCHOOL, READING IA Company Limited by Guarantèe) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Govemors Mrs E A Harrison BA IHons} MBA1,2.3/4,5,7 Mrs J Butler FCA1.3.4 Mrs S Colebrook Bsc PGCE (resigned 31 August 2025)2,8 Mr S Dimmick LLB3.4,6 Mr M Emmanuel (resigned 2 Deeember 202411 Ms R Field BA2 Ms J Jolly 2 Dr H Kemp BM Bch Msc PhD FRCA9 MrA Pgach4 Mr N Burrows lappoinlerl 23 September 202413 Mr C Singer Bsc FIAI.4 Mrs E Wesl LLB2 Mr R Brown Bsc (Honsl ACA lappointed 23 September 202411 Mr H Maclennan MA lappointed 23 September 202412 Mr K Thiruppalhy FRCS {ENGI, MPhil, MS. MBA, 8Sc {Honsl Iresiyned 2 December 2024} Member of the Finan￿ and General PurpDSes Committee Member of the Education Committee Member of the Governance Commirtee Member of the Transition working group Lead GovernoT for Marketing, Admission. Development and Engagement Lead Governor for Risk. Audit, and Compliance Lead Governor for Human Resources 8 Lead Goveinor for Child Protection g Lead Goveinor fof Health & Safety Nominae mambers of tha Council The Bishop of Oxford- Vacancy Th& Governors are also Directors of the Cornpany and Trustee5 of the Charity. OFFICERS Head Dr Sarah Tullis MA. MLitl, DPhil Head of Junior School Mrs Beccy Newton BA Ihons) QTS NPQEL Head of Flnance and Resources Mrs Nadine Doble Bsc Icardifry. ACMA ADDRESSES Senior S¢hool 17 Kendrick Road Reading RG1 SDZ Junior School (Years 1-6} 30 Chrisl¢hurch Road Reading RG2 7AR Junior School (Nursery arbd Reception) 2 Vicaraue Road Reading RG2 7AJ Page 1

THE ABBEY SCHOOL, READING IA Company Limited by Guarantgel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS GOVERNORS AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Company register number 00133876 Charity registered numbEr 30911S Registered oftice 17 Kendrick Road Reading Berkshire RG1 5DZ Independ9nt auditors James Cowper Kreston Audit Chartered Accounlanls and Slalulory Auditors Apex Forbury Road Reading RG1 8LS 8ankefS HSBC UK Bank plc 26 Broad Street Reading RG128U Solicitors Blandy & Blandy LLP 1 Friar Street Reading RG1 1DA Investment advisers Charles Stanley & Comp?ny Ltd 55 Bishopsgale London EC2N 3AS Insurance brokers Marsh 8rokers Ltd School Division Capttal House I-S Perrymounl Road Ha￿ardS Heath, Wesl Sussex RH18 3SY Page 2

THE ABBEY SCHOOL, READING IA Ctsmpany Umited by Guaranteo) REPORT OF THE CHAIR OF THE GOVERNORS FOR THE YEAR ENDED 31 AUGUST 2026 This has been a year of Challenge and change for The Abbey School. And challenge to which everyone in the school has responded characlerislically, with thoughtful enthusiasm, serious endeavour and delighL The year began with our search for a new Head for our whole school, in succession to Will le Fleming, whose generous offer to move to part lime leadership of the school for the year meant we were in a position to Sel up an innovative period of transition. We received a number of compelling applications and were delighted lo be able to appoint our Head ol the Senior School, Dr Sarah Tullis, lo the role. We were very sad lo lose Will le Fleming, who h85 moved lo be Founding Master of Thomas's College, but, os the year progfessed, we were able lo see what an excellent Head Sarah was to be. It was a surprise when Nisha Kaura dec￿ed to move to lake up the headship of Queen's College Preparatory School in central Lond(yn, but as with Will, we wished her well in her new role. And we wère delighted lo appoint Beccy New¢on as our new Head in our Junior School where she has made a brilliant start lo her new role. Like all independent schools, with some few exceptions in Ihe London area. a number of factors have affected our numbers this year.. the introduction 01200/0 VAT on school fees, falling birth rates, increase in energy costs and consequent pressure on family budgets are just Some of them. For the first lime we have had lo make some drfficull choices which led lo our decision lo slop offering the IB qualifications in the Sixlh Form and therefore to redesign our Senior curriculum. which is now based on A level study with Exlended Project Qualification {EPQI in addition and elemonts of service within our communities, shorter intense study, and the Duk& of Edinburgh award (where we have always been strongl. We have an exctting new programme which remains academically demanding and rewarding bul engages in a very contemporary manner with sluden15' own preferences. Our requirement therefore for fewer te2ching stsff, across the whole school, led lo a busy Spring term of consullalions and decisions to make sure we were staffed al the best possible level for our new currtculum and our revised number of students. Unsurprisingly, however, our other activities have gone from strength to strength. Our external academic results, at A level and at GCSE, remain ex￿lIent. Our students delight us, one another, their families. and oui community with their creativity, their musical talent, and their sporting prowess. And, as every year, we wish all our leavers well 0$ they move on to the next stage of their progress in higher education or in major apprentI￿ships. Our staff, in the elassrtsoms and in b¢Jsiness and operations, remain the strong foundations upon which the school depends. The enthusiasm with which they approach their role, the delight they take In our students. achievements, the way in which Ih&y really know all our girls and work with them lo ensuie all is well, all these Ihings aro exemplary. And behind the scenes our team of dedicated governors give generously ol their lime and their thinking lo ensure The Abbey face5 the future with strong ambition and delerminalion. We all face the same headwind5 but I know that many other schools look at The Abbey and envy Dur resilience, our imagination and our success. Two of our longest serving governors, Michael Emmanuel and Sue Colebrook, came to the end of their appointments this year. I thank them both profoundly for everything they contributed to the school they love. l am full of admiration for our senior leaders within the school. They have responded brilliantly to the challenges of the year and I l¢Jok forn￿ard lo wodfing w((h them all in the years ahead. The Abbey is in good hands. It ￿MainS a place where girls le8rn and grow. a place where they leam about themselves, about one another and where they learn how lo do more than they ever suspected they might. They learn how our Abbey values of courage. honesly and kindness thread through everything we do. They know that they are each valued for who they are now and for whalever journey they tske through lrfe. The students are our greatest asset and our best ambassadors and we lake huge piide in each one. Page 3

THE ABBEY SCHOOL. READING {A Company Lirnited by Guarantee) REPORT OF THE CHAIR OF THE GOVERNORS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Liz Harrison Chair of Governors The Abbey School Date.. Page 4

THE ABBEY SCHOOL. READING IA Company Limitèd by Guarantee) GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Govemors of The Abbey School, Reading present their annual report for the year ended 31 August 2025 under the Companies Act 2006 and the Chartlies Act 2011. together with the audited accounts for the year, and confirm that the latter comply wrth the requirements of the Act, the Trust Deed and th8 Charities Stalem¢nl of Recommended Practice ISORP}. REFERENCE AND ADMINISTRATIVE INFORMATION The Abbey School, Reading is a Company Limited by Guarantee and was registered on 31 January 1914. The Company registration number is 133676. It is also a Charty, registration number 309115. The Governors. Officers, Key Addre85es and Advisers are set out on Pages 2 and 3. The company has a wholly owned subsidiary, Abbey Commercial Enterprises Limited. the School's trading arm. The school is an adive member of the Headmasters and Headmistresses Conference, the Girls, Schools Association, the Independent Association of Prep Schools. the Association of the Goveming Bodies of Independent Schools and the Independent Schools, Bursars Association. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng Documgnt The School is governed by ils Memorandum and Articles of Association. dated 4 December 2006 as amended by special resolution dated 7 December 2015. Governing Body The Govemars are all Directors of the company and appoint new Govemors either to fill a casual vacancy or by way of additions lo the board. The total number of Governors shall be not less than twelve and not more than Iwenly-four. Of these, as far as is pradicable. one Governor shall be the nominee of The Bishop ol Oxford, one an alumna of the school. and one a parent of a child at the school. The nominee positions are T81ified at a full Governors, meeting. Each Governor, other than the nominees, is elected for four years and retiring Govemot5 can stand for re-election for Dne further lemi al the next Annual General Meeting, arEd al the Governors diserelion when the interests of the schoDI, this may be further extended. Those who held office during the year are listed on Page 2. Organisational management The membèis of the Governing Body are legally responsible for the overall management and control of the School. The Governing Body rneels al least three times a year. Much of the preparation for these meetings is undertaken by the Finall￿ and General Purposes Committee IF&GP Committee) which meets before each Governors. meeting. The Chairman of the F&GP Committee is Mrs J Butler. The other principal committees are-. Education Committee chaired during the year by Mrs S Coletsrook, Governance Committee chaired during the year by Mr S Dimmick In addition to thes@ committees there are working groups on Engagement & Development and Leadership Transition, and Governors support the school by taking the lead on Risk, Auclit and Compliance I'RAC'}, Child Protection and Safeguarding. Hurnan Resources and Health & Safety. Committee member5 and Lead Govemors are listed on Page 2. The day lo day running of the School is delegated lo the Head who is assisted in this by other members of the Leadership Committee. which comprises the Junior Schc)ol, Senior School and Business & Operations Leadership Team5. The Whole School Team. led by the Head, is drawn from these groups and cmrdinales Page 5

THE AB8EY SCHOOL, READING IA Company Limited by Guarant&el GOVERNORS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Tnatter5 relating lo whole school development. Recrultment and Training of Govèrnors The Governance Committee Considers polenli81 new Governors for eligibility, competence. Sp￿•all$l skills and availability. New Governors are given an induction into the workings ol the School, ineluding its policies and prDceduTes, and are given a tailored induction pack. Training and bespoke courses are regularfy offered lo all Govemors. Corporate Governanco The Govorning Body is mindful of the principles and recommended practice sel out the Charity Governance Code for larger chanlies, and believes that il applies, much evidenced in this annual report. the specified principles of organisalional purpose, leadership, integrity, decision making, risk and eonlrol, board effectiveness. diversity, openness and accountability- A$ part of an oveoll approach to managing potential CO￿￿¢t8 of tnleresl, The Abbey has a Govemor conflict of inleiesl policy and al the start of each Governor meeting everyone in attendance is required tg declare any interest that rnay be in wnllicl with an agenda or decision item. Senior members of staff Tesponsible for decision making, including the appointment of staff Dr contracltsrs. are Co￿Sponding1Y required lo sign an anrsual declaration regarding potential conflicts of inlewsl. Risk Management The Governing Body is responsible for ensuring that the risks faced by the Charty are properly assessed. 11 is aware of the importance of protecting the business as far as possible frtsm operational and reputational damage, as well as from the Tisks of unpredictable crisis and disaster. Risks are examined each year when updating the Risk Register and in the process of slralegic planning. The generic key conlrgls used by the Sohool lo manage risk include". Annual review of the Risk Reg1Ster, in detail by the lead Governor on Risk Audit and Compliance. and rèviewed by Council Formal agendas and minutes lo support decisions on all Committee and Governing Body aclivil¢es Terms of Reference for all Commillees Comprehensive strategic planning, budgeting and management accounting Established organisalional and goveman¢e structure and lines of feporting Fomal written policies Velling procedL>res as required by law lor the protection of vulnerable people Clear hierarchical aulhorisalion and approval levels The above structure formalises the risk management processes established for the Charity. Through these processes, the Governors identfy the majgr risks lo which the Charity is exposed and review the systems and procedures established lo mallage them. Nevertheles5, 11 is recognised Ihat such systems can provide only reasonable bul not absolute assurance that major risks have been adequately addressed and can be managed. Pay policy for s8nlor staff The pay of senior staff is reviewed annually, and includes cgmparisons with other independent schools. Being located in the South East, where there are significant Costs in fel8tion lo housing. The Abbey keeps abreast of pay and employment conditions elsewhere. Page 6

THE ABBEY SCHOOL. READING IA Company Lifflited by Guarantee) GOVERNORS, REPORT (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2025 Volunteers There is no shortage of volunteer support thioughout the School, from parents a8SiStin9 in reading classes in the Junior School, in the library and on school IrTPS lo as515ting in the second-hand unifomi shop. Former pupils, Governors and othèr interested adults have also given freely of their lime. All of this is very much valued by the School. Governors lake this opportunty to record how much they appreciate the eonlinuing and valuable support ol volunteers ID the School. OBJECTIVES AND AIMS Charltahle Objectives The objects of the S¢hor)l afe sel out in the Memorandum of Association. The main object is summarised as the running of a School lo provide a general eduealion which includes religious instruction in the doctrines and dutiès ot the Church of England. The school educated during the year some 900 gi￿$ al no cost lo the slate. The Charlty's Aims As an educational charity for girls a9ed >18, The Abbey School provides an outstanding real-wortd education for girls that equips them ID achieve academic excellence and to live with confidenea, purpose artd joy. Working in partnership with families. the School 5UPPOrts each individual student to expand Iheir hO￿OnS. discover their passion5 and fulfil Iheir potential. The School offers remarkable extTa<ufficular opportunity and pasloial assurance within an environment priorilising kindn8ss and fellowship. The School's objective over 130 years of leadership, innovation and reform ha5 been to provide a liberal. practical and general education.. Liberal in thought, tolerance, and generosity. Pra¢tlcal in preparing students to face a changing wodd on their own lerms. exeiled by opportunty, resolute towards uncertainty and committeLI lo leadership and service. General in the remarkable breadth and range of experience and encouragement to participate. Key Obl￿tIVeS The Sehool's strategi¢ plan 2021-2025 sets out key goals in three 8rea¥'. student experpnce. community and futtjre development. Across these areas. key objectives have spanned the academic and all-round education of students.. pastoral care.. the strength and diversiiy of the community,. connections with the wid&r wodd., an outward4ooking perspective and innovative approach". and the highest standards in the maintenance of the School's eslales, finance and complian¢e. All the tsbjeclives seek to bring about the charity's overall aim as spe¢rfied above. A particular focus within the seven key objectives is on partnerships, access lo education via bursary support, and involvement in philanthropic and Community inilialives lo ensure the broadest possible public benefil both locally and fLJrther afield. Measurement of Objectives In furtheran￿ of thes& objectives the Governors, as charity Iruslees, have complied with their duty in section 1715) of the Charities Act 2011 to have due regald lo the Charity Commission's published general guidance concemlng the operation of the public benelil iequiremenl under that Act. Strat8gic R8port The Head and the Leadership Committee have followed this strategic plan acioss all areas of the School's operations since 2021, with final review of that plan and 115 key slialegic indicators occurring in 2025 as part of a process lo detemiine Slralegic priori118s moving forward (see future objectives below). Pag& 7

THE ABBEY SCHOOL. READING {A Company Limited by Guarantee} GOVERNORS. REPORT ICONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Within the timescale of this plan, the School has reviewed its ijse of space and put in place a plan for all of ils diverse sile5. This plan sèeks to ensure their most effective use as well as the best possible contribution lo the local area and community. 11 also lakes into account kÈy environmental priofilies. During this plan, the new Sixth Fomi Centre has opened, creating a firsl<lass space fof collaborative 18aming and study. r our Sixth Fom students as they prepare fof life beyond school. The Abbey's strategic plan has remained resolutely focused on the academic excellence and sense of joy that define this community and that make it one of the country's forem051 independent girls, schools from 3.18. The School's work lo achieve these aims in the lives of studen15 and share them with the wider community was recognised with the award of Independent Girls. School of the Year 202&2025. As an integral part of the strategic plan. the School conlinuously looks lo raise bursary funds to ensure that girls ¢an continue in the future lo enjoy an Abbey education whalever their financial circurnslances. ACHIEVEMENTS AND PERFORMANCE Summary The Abbey al present educates over 800 girfs frorrt age 3 10 18 in a lively, vibrant leaming environment. As well as our overall aim lo equip students to achieve academic excellence and to live with confidence, purpose and joy, an Abbey education is built on three values and four core principles.. Values Kindness Courage Honesty Principles Academic excellence.. oulslanding grades that open doors. positive attitudes that change lives, and a leaming environment full of excilemenl and fun. Every individual valued.. working with families lo ensure that every individual is known and valued for who Ihey are Fulure-ready opportunity. diveise and down-towearth students, full of city spirit and 8nergy. ready to take up opportunities and help shape the future Putting 9irls first.. girls lèarning free from gender bias, free lo chi)ose any future they want, free lo play with ideas and grow up while slaying young. These values 4nd principles are genuinely lived in the sehool and support each sludenl lo lead with confidence. learn with purpose and live with joy. Results in public e￿mInatIOnS in summer 2025 were excellent. At A level over 50¥0 of all grades were A'IA and 800/0 al A"_B. One student Came top in the country in hèr Economics examinations and students went on lo 21124 Russell Group universilie5. In IB, a cohort of 21 51udenls averaged a superb 39.4 points oul of a maximum of 45, far ahead of the global average of around 30. Over 84DA of grades were al 6n, the equivalent of AIA" At GCSE a third of all grades were 9 and nearly 600/0 94 and over 80(A* ￿7. Other achievements match the high level of academic success. Highlights of th@ last year have taken place a¢ross eight principal streams of practical and creative a¢tivily.' music, art & design, drama, sport, textiles, food and nutrition, outdoor education and an extraordinarily broad range of club a¢livilies. We regularly celebrate success and hohlighls in all thes& areas. Abbey students routinely achieve the highest levels in musi¢ examination and performance, play sport represenlalively for counties and nationally, and win award$ lor creative and research work. In addition to these streams of activity, Abbey students ernbrace opportunitie5 for sludenl leadership and lo learn skills that will help all 51udent5 conlribule lo their communities. Thriving Duke of Edinburgh, Abboy Award and Page 8

THE ABBEY SCHOOL, READING IA Company Umited by Guarantee) GOVERNORS. REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Creativity. Activity and Service {CASI and in-house leadership opportunity proyrammes prepare students both I service and leadership in the wtder world. The last year has seen signifi¢anl partnorships work with Readir)g School and, as part of our ARGH programme, a large number of other local primary and seconclary schools al once. As part of this, a Saturday mornings maslerclass programme has tsperated across different subjects wfih Church End Academy. Another highlight has been our scaled Enterprise programme, running through the school and eulminaling in a pioneering Social Enterprise project with Reading School and Henley Business School. We worked wtth Heads ofjunior schools in the Henley area on an Al conference. including Supporting them with Al policy and pradi¢e in their schools. Other largtrscale recent events have included talks by Geri Halliwell-Homèr and Abbey alumna Jènni Falconer. amongst many other5, as well as exciting medical and broadcasting events and a creative industn.es Fringe proglamme. all shared with the wider Reading eommunity. Entire cohorts participate in voluntary programmes and charity work and leam to collaborate and ¢onlribute. The School's core purpose is lo develop confidenGe, purpose and joy in students and this places personal development al the heart of the education il offers. Students 8¢tively campaign in aieas such as d￿jerS1¢y. the environment, gender relations and equality. The desire lo make a difference. the knowledge and ski115 to do so effeclivety, and the resilience and confidence lo see things through are key elements in the leadin9 educational experience the School provides. Bengficlaries of the School's charitable work- partnerships with IoGal schools and the community Our ARCH programme continues lo dovdop and ¢omplemenl our community work. 11 is a hub that brings together indiwduals and organisalions across Reading to offer opportunrties and learning experiences to young people and to young women Sn particular. ARCH events include a range of activitbes to develop aspiration and self-discovery, and the programme has involved working with over 40 local organisations, 80 schools and thousands of young people to dale. Highlights this year have inclu4Jed". Frlnge Festival The culmination lo our 'Year of Celebration of the Creative Induslries,, we hosted a week of evenls Ihal explored drama. songwritin9, broadcaslino, journalism. musical perfom8nce, architecture. branding and interior dèsign. Visual Effècts S¢oll Pritchard, an Emmy-nominated VFX Supervisor at Industrial Liqhl & Magic gave an insight into a cafeer in visual effects. HealthGare Specialisms Abbey Alumnae Dr Shonelley Novinkn shared her ￿Teer story ol becoming a p12slic surgeon, why specialisms are so important and how when they work together, they can truly change lives. Dr Novintan was joined by denlisls. a speech and language praclilioner, a ¢lini¢al psychologist and a trainee Maxillopfacial surgeon who all support the chaiily CLEFT l¢left.org.ukl. Students were able lo learn about their eafeer paths and have a chance lo lake part in some fantastic interactive workshops after the talks, all focusing on different specialistns. Pop Up Poetry Party - For ages 7-11. local poet A.F. Harold perforrned and inspired in his colourful style, then everyone had a go at writing their own haiku poem in our writing workshop. Mock Trials Royal Coufts of Justlce - Lady Jusli¢e Andrews approached us to invite our students. along with a mix from other ARCH linked schools, lo lake part in a Mock Trial al the Royal Courts of Justice as part Of the jury. Behind the Mlc Alumna Jennl Falconer - Radio, podcast. and TV presenter, Abbey alumna Jenni Falconer. shared her career story an(J advice on the broadcastsng industry Wést End Actress and Wicked star- Reading based act￿$5 Kale Leiper came to The Abbey lo talk about hei career and what it's like to play the lead role of Elphaba in Wicked on the Wesl End. Page 9

THE ABBEY SCHOOL, READING IA Company Limited by Guarantee) GOVERNORS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Behind the PJIEG Meet the BBC Our panel of BBC staft was made up of South Today TV presenler, producer of The TODAY Programmè and 5Live SpDrt host They all shafed their career journeys. more about their roles and advice on gelling into the BBC. We were also given a dynamic presentation about BBC apprenticeship5. StLtdents from 7 schools in the area srgned up io attend. The Amazing World of Snakes -The Universty ol Reading's Professor Saklhi Vaiyapuri came lo talk lo age5 7-12 about snakes. Saklhi Vaiyapuri is a Professor of Cardiovascular & Venom Pharmacology 81 the University of Reading. Jo Trott Momorial Lecture w¢lh Dr Detina Zalli, associate leaching professor * the University of Cambridge. Spice Girl Visit: Geri Halliwell-Horner talk. We coordinated 'Ginger Spice, coming to The Abbey lo give lalk about her latest book. This was opened out lo parents lo increase engagement with our community. Readlng Fèstival of Sport- hosted by The Abbey Junior School with rnore than 100 students from multiple schools across Reading, signed up lo take part in sport taster sessions and workshops. We welcomed GB gymnast Claudia Fr8g8pane and Louis Pugh, a Coach from Readins Football Community Trust. The Social Enterprise Project. where teams of students from independent and maintained schoo15 came together lo develop ideas to improve their local communities, in collaboration wtlh the Hènley Business S¢hool- a programme which has received national reC￿nition in the Financial Times awards. ARCH will continue lo transfom Dur commLtnity engagement. identifying areas of shared mutual benefit to develop the life chances of a wide range of young people across Reading. Other beneficiar5es of the School's charitable work- charity donations and other input The Abbey is deeply cornm￿ed lo providing Dpportunilies for the whole community lo be involved in charitable work, volunteering or other forms of service. SIuL#ents and staff al the Abbey school remain keen to be involved in supporting outside charilies and other organisalions. Both the International Baccalaureate Diploma ProgTawme and The Duke of Edinburgh's Award Scheme include a strand ol service and volunteering_ In particular, the majority of students in Upper V participate in the Silver DofE Awarrj and éo 6 months of volunteering, giving them opportunili¢s lo serve acfOSS the local community. Our regular annual charity giving lolalle(S arovnd £6,SDQ over the year, which was divided bethen chanties to whom we have given long term support and others that were chosen Ih1s year by students.. Macmillan Cancer Support, Piide, Launehpad, Shgw Racism the Red Card and Shelter. The annual Sixth Form Charity Quiz. organised and run by the Charity Prefects, raised money for the Malala Fund. Sludènls also organised and ran awareness assemblies and bake sale5 in school, raising a lolal of almost £1,000 for, among other5, Little Princess Trust, Médecins Sans Fronlières. Chattertols, WWF and Macmillan Cancer Support. Students and staff variously look part in the Windsor Women's 10K Race and the Reading Half Marathon, raising money for OEBRA, Thames Hospice and Cancer Research UK. As well as Harvest donations lo ReadiFood, students donated old bras to Against Breagl Cancerfs bra recycling scheme. We were delighted to not only lake part in bul win the annual Pancake Race organised by Launchpad, for whose Christmas appeal we also ¥?ised money. With kindness al the centre of our school's values. we continue to Ioc)k for ways in which we can, together. forge a deep elhgs of Servi￿ and giving to the community. Page 10

THE ABBEY SCHOOL. READING {A Company Limited by Guaranto61 GOVERNORS, REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Community Use of Facilities The Abbey School supports its charitable objects within Ihe community by making Its facilities available for public benefit. We share our facilities, including the halls, the all-wealher sports pitches. the gymnasium and the indoor swimming pool with local schools and community groups. Amongst the ben8ficiaries duiing the yearwere: GB Paralympic Rowing Team No. 5 Young People Parenthesis Choir RABBLE Theatre Reading Bowling Club Reading Half Marathon Reading Korean Seho¢l Reading Male Voice Choir Reading Prayer Group Reading School Resding Sl Andrews Scollish Dancing Reading Swimming Club Reading Tango Club Reading University Hockey Club: Sub Aqua CILtb,. Swimming Club,. and Water Polo Teams Reading Wildcats Lacrosse Club Royal Berkshire Hospitsl PaedialTiC Diabetes Team School of the Art5 Dance with Sonia Brown South Chillem Choral Society Swim England Wesl Forest Sinfonio Glass Ensemble Choir Energy and Carbon Reporting 31 August 2025 3,297,972 31 August 2024 3,879.910 767.26 Energy consumption in Kwh Associated emissions in lonnes 682.91 C02e Inlensily ratio lonnes 0.75 0.76 Various measures have been taken during the yeaT lo improve energy efficiency. These have included attention lo lighting in 8 number of areas, with the installation of movement sensors, internal LED 5ighling, and external thè replac8m&nt of nelball cotjrt floodlights with low @nergy lamps. Thè school has achieved ESOS Stage 3 compliance. We have followed the 2019 HM Government Environmental Reporting Guidelines. We have also used the GHG Reporting Protocol Corporate Slandard and have used the 2022 UK Government's Conversion Factors for Company Reporting. Th8 chosen inlensily measurement ratio 15 total gross emissions in metric lonnes C028 p8r student. the recommended ratio for the sector. Engagement with ernployees The School is commilled lo regular and transparent sharing of information with all 51aff and lo providing opportunities for collaboralive consullalion. Regular briefings and meetings are held and information is also widely disseminated via email. The School intran81 contains new5. policies, and other information, accessible to all staff. Important updates affecting employèes are often shared in adVa￿e to allow for leedback and P8ge11

THE AB8EY SCHOOL, READING IA Company Limited by Guaranteg) GOVERNORS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 improvement before final decisions are confirmed. With regarct to disability the school's active policy is to promote equal apporttjnities and oppose Ltiscriminalion on the groynds of di5ab11ily. Engagement with Suppliets, the parent body, and other business relatlonships We recognise the need lo maintain and fDSter good relationships with our suppliers, the parent body, and others, and we monitor Closely our dialogues with all of them. Our key business managers have all been in post for 8 ntjmber of ye8rs and have developod strong and positive relationships wilh those with whom we deal. Payments dtje lo us are by and large collected efficiently 2nd, when necessary, with sensitivity, and we pay staff and suppliers promptly and accurately, with supporting information always provided for clarity. On matters of schooling we engage posilivety with our pupils and their parents through a variety of activities and communications. Many of these PTocesses are two-way-. we listen Carefully lo the voices of our highly articulate pupils and the valued feedback and opinions of their parents. The Abbey Parents, Society ITAPSI continues lo go from strength lo strength to improve our sense of a shared community Still further. Promoting the suc¢e$$ of th8 school The Governors and the School's executives seek successful outcomes from all of the 8Ctivilies they PUTsue. In determining the most appropriate way of achieving the desired resuV(s, their decision5 lake account of the interests of. and the impact on, the pupils, the parent body. staff, suppliers, the environment, the local communty. and all others likely lo be affected. We strive continually not only lo maintain but also lo enhance our hard-won reputation for integrity and high s12ndards of both conduct and achievement. Flnanclal Asslstance The School has a policy on financial assistance, including bursaries ol up lo 101Y/o. and this is advertised on ils webstte. and al open days. The Bursary Fund was established over 30 year5 ago with the specific aim of generating funds in order lo offer places lo pupils who would otherwise not have access lo education al the school. The value of the fund is £1million and will be maintained at this figure. Academic Scholarships worth 10°h of luilion fees are offered {wh￿h can be supplemented with a means-lesled Bursary}. Specialist Scholarships are also offered. supporting excellence in art. drama, music and sport. Parents who cannot afford lo pay the fee5 in full or in part can apply for a me8ns-lesled Abbey School Financial Bursary. The Abbey School Scholarship and Bursary policy allows up lo a total of 60/0 of the current lev&1 of annual gross fee income for Ih8se awards_ All awards are subject lo satisfactory attendance. conduct and progress. Temporary financial assistance may be available lo parents who find themselves with short term financial difficulties. This ts means-lested and offered al the discretion of the Head. Wider access lo Schooling was achieved in 2024r202S with a lolal of £361,0001202312024'. £350,000) awarded in scholarships, grants, prize5 and other award5. Some 56 hardship cases received financi?1 support amounling 10 £817,0001202312024.' £674,000) Iowofds fees, equivolenl lo 32 full senior fee places. 42QA of the pupils of the Senior School1202312024'. 40Vo) received some form of financial assistance with th81r fee5. Thi5 fi9ur¢ does not include slaff discounts. Other pupil benefits The Childcare Vouchers Scheme is available, as is a third sibling discount. Income from investments Income from investments is reinvested. while operating surplus is used to maintain the seholarship and bursary funds, including lerworary financial assistance. The investment fund is available lo support the bufsary fLtnd when required. Page 12

THE ABBEY SCHOOL, READING {A Company Lirnited by Guarantge) GOVERNORS. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 FINANCIAL REVIEW Financial Results The consolidated Statement ol Financial Activitie5 on page 21 shows the Nel Movement in Funds lor 2025 as deficit of £640.00012024'. 8 surplu5 of £328.DOOI. Broadly speaking, this ￿preSentS the shortfall in income frcim lermly fee5 and related activities, supplement8d by don8tions, fundraising, and other income, compared to associated costs. The School itself had a deficit for the year of £646.00012024.' a surplus of £328,000). The surplus before depreciation and interèst 1$ 7.8°h12024.' 12.4%). The Balance Sheet on page 22 shows Nel Cufrenl Liabilities of £1,773.000 {2024.' £1,258,000} but th Governors are satisfied thal the school generates positive eash flow from ts operating aclivilies, has a strong asset base. and has consequently an assured future. Al the close of 2022-2023 the school completed a mulli- yeaF capital inve51menl pioject partly funded by bank finance which was re-modelled during the year just ended. Al 31 August 2025 il has in plaee a single bank108n of £4.2m of which £4.1 m falls due after more than one year. In the opinion of the Govemors the market value of the lané and buildings of the &hool is not less than Ihe book value in the accounts. Investment policy and performance The overall inveslmenl objectives of the School are lo create sufficient funds through income and capital in Order to enable the School to c8rry out tts purpose5 consistently, year by year, and WFth due and propèr consrderation for future needs. They include the maintenance of and, if possible, @nhancement of the value of the invested fund5 while they are retained. The Schoofs investment perfomiance is measured regulaHy against a benchmafk, currently named the MSCI PIMFA Private Investor Balan￿d Index. For this year our lolal return of 1.60/0 was poorer than the Index, which was 8.90A. The School's investments are managed by Charles Stanley and Company Limited under the supeNision of Governors. At 31 August 2025 investments. of which the maJoiily were UK listed equities. had a market value of £1,726,000 (2024." £1,698.0001, ol which £1,000,000 represented designated funds. Their market value al 31 August 2025 contributed to a nel investment gain of £28,000 {2024-. £101,000). The Governors are authorised by the Memorandum ofAss0¢ialion lo invest monies not immediately required for the School's purposes in investments, yecurities or property as may be thought fil. Reserves Policy The Governors, policy is lo build up funds out of annual operating surplu5e5, Subject to the prior demands of further capital expenditure, to equip the School wsth the u*lo4ale la¢ililies needed lo maintain the standard of educational services CUTrently provided. The Governors aim to maintain goneral ￿SerVeS equivalent to at least 3 month5 of operating exp8nditure for the school. Excluding Ihe designated Bursary Reserve of £1m, general reserves al 31 August 2025 were £15.1 m which represents nine months of uniestricted operating expenditure, and provides additional financial flexibility at a lime of signrfiesnl capital investment. These rèserves ensure the school can fulfil and complete f(s charitable obligations and wmmilments. Notes 20 and 21 show the allocation of the reserves between those designated for specific purposes and those available for the day lo day requirements of the School. GOING CONCERN The Governors review the School's financial performanc& and plans al each Council meeting, usually 4 per year. along with our principal financial risks. In March, and again in June and September, the Couneil was satisfied Page13

THE ABBEY SCHOOL. READING IA Company Limlted by Guaranteel GOVERNORS. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 that the School had SLtfficienl resources lo continue ongoing and future operations. Worfd events and general economic circumstances are fegularty considered for how they may affect the school by the Governors, Finance and General Purposes Committee. Thi5 year particular attention has been focused on the consequences of the government's deciSiOFI lo apply VAT lo independent education, and the potential impact it, along with demographic change and economic factors could have on future periods. At meetings this autumn in October and November the Committe& reviewed foreca51s and projections to ensurè that the School remains financially viable. With regard lo the next accounting period, the year ending 31 August 2026, and the year thereafter, the most significant matter likely to affect the School's financial posilion is sludenl numbers. This key metric is closely monitored, as are Tunning costs, both Iho$e within the sehts)I's dir8cl control and othèrs such as those associated with utilities 8nrJ borrowings. The School has 8 strong asset base and generates a poslcive cash flow from its operations, and the Governors will continue lo monitor and review financial and operating plans with the S¢hool's executive team to maintain a robust financial fooling as we move forward. We are of the opinion that the charity will continue lo have sufficient resources lo meet its liabilrties as they fall due and as such we remain satisfied that The Abbey School can continue operating for the foreseeable future. Our accounts for the year ended 31 August 2025 have been prepared in the knowledge that the School is a financially viable organisalion. RISKS AND UNCERTAINTIES As discussed above, the school depends on income from rts student body, so any change in numbers brings with il financial consequences. Our regular review of eurrenl and projected pupil numbers prgvides a check that our budgets for future years are as realistic as possible. Nevertheless, an unexpected fall in pupil numbers would rEpresenl a significant risk ID the School, causing a failure to meet financial oulcorries on which future investment and other expenditure decisions are based, so any significant reduction in actual or foTecasl nltmbers would prompt immediate review and action. Economic uneertainly is also naturally a signtficant factor for parents currÈnlly funding, or considering for the future, education in the independent school sector. The future economi¢ impact of UK politics and World events is dilficull lo forecast and the Governing Body. wlh guidance from the lead Governor for Risk, Audit and Compliance. will continue to monitor this closely. Health and Safety, bearing in mind not least the potential threat of a further pandemic as experienced with Covid- 19. also represent significant areas for risk management. So loo, physical risks from fire and other damage lo infraslruclure. and personal risks, particulady away from the campu5 on trips and expedition5. There 15 a regulaf risk aud￿, and conlinuily plans are in ple¢e lo ensure the school continues to fundion effedively in the event of a major incident such as fire or flood. FUTURE OBJECTIVES Ours¢hool and widercommunity Acadgmic excellence Learning full of excitement and fun Ihal helps each individual sludenl achieve their Dwn personal best, secu￿$ grades that open doors, and encourages prjsitive attitudes that change lives. Future-ready opportunlty Developing the skills. character and valL¢es in ourllvely, cily-minded community that supports students into outstanding outcomes and eareefs, enabling them to live with meanirig, find creative solulioiis in a changing world, and h&lp lo shape the tuture. Evèry individual valued Working with families lo ensure every student is known and appreciated ft)r who they are, understands how lo took after themselves and others, and learns lo lead and support with courage and compassion. Page 14

THE ABBEY SCHOOL, READING {A Cornpany Limited by Guarantee) GOVERNORS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Abbey famllles Engaging with families lo make them eenlral lo The Abbey Experience, lo provide the opportunity for collaboration, and lo ensure a genuine partnership that lasls throughout and beyond each student's time at school. The Reading community Embedding our communily programmè ARCH. provhging Opportunity for young people across Reading, helping them to explore and futfil their potential, and live with confi'dence, purpose and joy. Our people, environment and future Abbey staff Ensuring The Abbey is the best place lo work fDr every indivrdual as part of one unified community, so that all staff are supported to learn and grow, enabled lo focus on the work that matters most, and celebrated for their conliibulion lo the commL5nity. Our environment Developing OLtr estsle lo make li the best possible environment for learning and play, ersable student and staff collaborallon on environmental acliofts and awareness, and achieve the highest standards of sustsinabilily. Telling The Abbey story Sharing the wonderful benefits of the Abbey experience to rea¢h as wide an audience as p055ibl8, ensure continued strength of applicants and sludenl numbers, and widespread recognition to Ihe benefft of alumnae and the school community. Exc¢ll¢n¢o and value Scrutinising all aspects ol our operations to ensure we provide an oulslanding experienc2 wlh exceptional value. ID SUPPOrt our families, ensure the widest possible access lo an Abbey education. and develop the scope of all we offer. Over the course of the year the School will assess progress against these goals and use that assessment lo renew prioritie5 looking ahead. STATEMENT OF RESPONSIBILITIES OF COUNCIL The Governors (who are also directors of The Abbey School for the purposes of company law and trustees for the purpose of charity law} are responsible for preparing the Governors, Annu81 Report (incorporating the strategic Report) and the financial statements in accordance with applicable law and United Kingdom Generally Ascepteit Accoullting Pr&Gtice Iuniled Kingdom AGcounlir79 Standardsl. Company law require$ the Governors lo prepare financial slaloments for each financial year. Under company law the Governors must not approve the financial stslements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group and ol the incoming resources and 8pplic*ion of resources, including the income and expenditure, ol the charitable grcjup for that period. In preparing these financial slalemenls, Ihe Govemors are required lo.. select suitable accounting policies and then apply them consis18ntly', obseNe thè methods and PTinciples in the Charities SORP.. makejudgements and eslimale5 that are rea50nable and prudent.. slate whether appli¢able UK a¢¢ounlin9 Standards havo been lollowed, subject to any material departures disclosed and explained in the financial slalemenls., and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charÉtsble company will continue in busines$. Page 15

THE ABBEY SCHOOL, READING IA Company Limited by Guoranteel GOVERNORS. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's Iransaclions, disclose with reasonable accuracy al any time the financial position of the Char￿able company and enable them lo ensure that the financi21 slalements comply with the Companies Act 2006 and the provisions of the charity's conslitulion. They are also responsible for saleguarding the assets of the charty and thè group and hence for taking reasonable steps for the prevention and detection of fraud and other ITregularilies. PROVISION OF INFORMATION TO AUDITOR Each of the persons who are Governors at the time when this Governors Report is approved has confirmed that.. so far as that Govemor is aware, there is no relevant audit Infom)alion of which the School's audttor are unaware,. and that Governor has taken all steps that ought lo have been taken as 8 Govemor in order lo be aware of any relevonl audit information needed by the School's auditors in connection with preparing their report and lo establish that the School's auditors are aware of that information. AUDITOR In ?ccordance with Section 485 01 the Companies Act 2006, a re501ulion proposing the r&appointmenl of James Cowpèr Kreston as auditors lo the company will be put to a Special General M8eling. This Annual Report, prepared under the Charities Act 2D11 and the Companies Act 2006, was approved by the Governing Body of The Abbey School al a Special General Meeting on 2 December 2025, including in their capacty as company directors approving the Strategic Report Contained therein. and is signed as aulhorised on its behaLf. Approved by order of the members of the board of Governors and signed on their behalf by. E A Harrison Chair of Govemors Dale.. Page 16

THE ABBEY SCHOOL. READING IA Company Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ABBEY SCHOOL. READING Opinion We have audited Ihe financial slalemenls of The Abbey School, Reading Ilhe 'parent charitable ¢ompany'l and ils subsidiaries (the 'group'l for the year ended 31 August 2025 which comprise the Con501idaled Statement ol Financial Activities, the Consolidated Balance Sheet. the Company Balance Sheet, the Corisolidaled Stalernenl ot Cash Flows and the related notes, including a summary of sigrirficanl 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 1 Q2 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In OLsr opinion the tinan¢ial statements.. give a true and fair view of the slate of the Group's and of the parent charitable companls 8ffairs as at 31 August 2025 and of the GTOUP'S incoming resources and application of resources. including its income and expenditure for the year thèn ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pra¢lice', and have been prepared in accordance wlh 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 Tesponsibililies under those standards are further described in the Auditors. respDnsibililies for the audit of the financial slal¢ments section of our report. INe are independent of the Group in accordan￿ with the ethical requirements that are relevant to our audit of thè 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 requirement5. We believe that the audit evidence we have oblaine(l is sufftcienl and appropriate lo provide 8 basis for our opinion. Conclusions relating to going concern In auditin9 the financial stalemenls, we have concluded that the Govemors. use of the going concern basis ol accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material unc8rtainlies relating to events or Gonditions that, individltally or collectively, may cast Slgnificanl doubt on the Group's or the parent charitable Company's ability lo continue as a going concem for a period of al least twelve months frorTI when Ihe financial statements are aulhorised for issue. Oui responsibilities and the responsibilities of the Govemors with respect lo going eoncem are described in the relevant sections of this report. Page 17

THE AB8EY SCHOOL, READING IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ABBEY SCHOOL, READING ICONTINUEDI Other information The olheT infom)alion comprises the information included in the Anntjal Repurt other than the financial 51alemenls and our Auditors, Report Ihereon. The Governors are responsible for the other information Contained within the Annual Report. Our opinion on the financial slalements does not cover the other information and, except lo the extent olherw¢se explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is matèrially inconsistent with the financial slalements or our knowledge obtained in the course of the audit, or olhe¥wise appears to be materially misstated. If we identify such material inconsistencies or apparent material mis51al8ments. we are required lo determine whether this gives rise to a material misslatemenl in the financial slalements themselves. If, based on the work we have performed, we conclude that there is a material misslalement ot Ihis other information, we are required lo report that fact. We have nothing lo report in this regard. Oplnion on other matters prescribed 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 Slrolegic Report for the financial year lor which the financial statements are prepared is consislenl with the financial statements. the Governors, Report and the Strategic Report have been prepared in accordance with appli¢8ble legal requirements. Matters on which we are requlred to report by exception In the light of Our knowledge and understanding of the Charilable company and ils envirorment obtained in the course of the audit, wè have not identrfied mal&rial misslatemenls in th& Governors, Report including the Strategic Report. We have nothing lo report in r2spect of the lollowing matters in rel8lton lo which Cornpanies Act 2006 requires us lo report lo you if. in Our opinicin-. the parent charitsble company has not kept adequate and sufficient accounting records, or Teturns adequate for our audi( have not been received from branches not visited by us., C)r the parent ch8r¢table company financial slalemenls are ngl in agreement with the accounting records and returns., or certaill disclosures of Governors, remuneration specified by law are not made., or we have not recelved all the infomiion and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Governors. Responsibilities Statement, the Governor5 {who are also the directors of the charitable company for the purposes ol 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 to enable the preparation of financial statements that are free from material misslalemenl, whether due lo fraud OT error. In p￿paring the financial slalemenls. the GuvernoTS are responsible for assessing the Group's and the parent charrtable company's ability lo continue as a going concern, disclosing, as applicable, matters related to going concem and using the goiny concern basis of accounting unless the Governor5 either intend lo liquidate th8 GroLtp or the parent chartsble company or lo cease operations, or have no realistic aliemalive bul lo do so. Page18

THE ABBEY SCHOOL, READING IA Company Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ABBEY SCHOOL. READING ICONTINUEDI Auditors, responsibilities for the audit of the financial statements Our objeetEves are to obtain reasonable assurance about whether the flnancial slalements as a whole are free from material misstalemenl. whether due lo fraud or error, and to issue an Auditors. Report that include5 our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a materi21 misslalement when it exists. Misslalemenls can arise from fraud or error and are considered material if, individually or the aggregate, they could reasonably be expected lo influence the 8conomic decisions of users taken on the basi5 of these firban¢ial slalemenls. Because of the inherent limitations of an audit, there is 8 risk that we will not deted 011 irrpgularilies. including those leading to a material misstatement in the financial slalemenls or non-complian￿ wtth regulation. This risk increases the more Ihal compliance with a law or regulation is removed from the events and liansaclions reflected in the financial statements, as we will be less likely to become aware of instsnces of non-compliance. The risk is also greater regarding iiregularilies occurring (tue lo fraud rathei than error. as fraud involves intentional concealment, forgery, collusion. omission or misrepresentslion. The specific procedures for this engagement that we design&d and performed to detect material misstatements in respect of irregulariti￿, including fraud, were as follows.. Enquiry of management and those charged with governance around actual and potential liligalion and Claims., Enquiry of management and those charged with governance lo identify any matèrial instances uf non- compliance with laws and regulations-. Reviewing financial statem8nt disclosures and lesling to supporting documentation to a55ess compliance with applicable laws and regulations., P&rfoming audit work lo address the risk ol irr8gularilies due to management override of eonlrols, including lesling of journal entries and other adjuslrnenls for appropriateness. evaluating the business rationale of significant Iransadions outside the nonnal course of business and reviewing accounting estimates for evidence of bias. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website 2t-. wvM.frc.or .uklauditorsres This description forms part of our Audttors, Report. Page 19

THE ABBEY SCHOOL, READING IA Company Limlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE A88EY SCHOOL, READING ICONTINUEDI Use of our report This report is made solety to the charitable companls members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit WO￿ has been undertaken so that we mighl slate to the charitable companls members those matters we are required lo slate to them in an Auditors. 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 ils members, as a body, for our audit work, for this report, or for the opinions we have formed. Darren O'connor Bsc IHon5} ACA FCCA (Senior Statutory Auditor) for and on behalf ol James Cowper Kreston Audit Chartered Accountant5 and Slalutory Auditors Apex Forbury Road Reading RG1 8LS Dale-. 09 December 2025 Page 20

THE ABBEY SCHOOL, READING {A Cornpany Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Restricted Unrestrlcted funds funds 2025 202S Total funds 2025 Total funds 2024 Note Income from". Donations and legacies.. Donation5 Charitable adivities.. School Fees Ancillary Income Other trading aclivilies.. Trading Income Non-ancillary services Investments 7,522 34,467 41.989 282,213 18.325,018 1.579.242 18.325.018 1,579,242 19.410.361 1,786.092 151.226 53.171 130,025 151,226 S3,171 130,025 145.683 46.680 90,151 Total income 7,522 20,273,149 20,280,671 21,781,180 Expenditure on: Raising funds Charitable activities 34,857 20,868,816 34,857 20.893.417 46.999 21.487,178 24,602 Totsl expenditure 24,602 20.903,672 20,928.274 21,534,177 Net lexpenditurellincome before net gains on investments Net gains on investments 117.080 (630,5231 6,982 1647,6031 8,982 227,003 101.013 Net movement in funds 117,0801 1623.541} 1640.6211 328,016 Reconeillation of funds: Total funds brought forward Net movement in funds 293.371 {17,0801 16,700,631 1623,641) 16,994,002 640,6211 16,665,986 328,01S Total fund5 carried forward 276.291 16,077.090 16.353,381 16.994.002 The Con501idaled Slalemenl Df Financial Activities includes all gains and losses recognised in the year. The notes on pages 27 to 45 form part of these financial slatsmenl5. Page 21

THE ABBEY SCHOOL, READING A Company Limlted by Guarantee) REGISTERED NUMBER: 00133676 CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025 As reslaled 2024 2025 Notè Fixed assets Tangible assets Investments 14 21,012,888 1,725,649 22,692.339 1,698.033 15 22.738,537 24,390.372 Current assets Debtors Cash at bank and in hand 16 5,809,848 1,476,187 6,040,605 2,984,675 7,286,035 9.025,280 Current liabilities Creditors.. amounts falling due within one y8ar 17 19.059,2121 110,283,642) Net current liabilities {1,773,1771 11,258,362) Total assets less current liabilit5es 20,965,380 23,132,010 Creditors.. amounts lalling due after more than one year 18 {4,611.9791 16,138,008) Total net assets 16,353,381 16.994,002 Charlty funds Reslricled funds Unre5tricled funds 20 276.291 293,371 Designated funds Geneml funds 20 1.084,330 14.992,760 1,084,330 15,616,301 20 Ttrlal unrestricted funds 20 16,077,090 16,700,631 Total funds 16,353.381 16,994,OQ2 The Governors acknowledge their responsibilities for complying wtth the requirements of the Act with respect lo accounting re￿rdS and ￿￿paratiOn of tinancial slalements. Page 22

THE ABBEY SCHOOL, READING A Company Limlted by Guarantee) REGISTERED NUM8ER: 00133676 CONSOLIDATED BALANCE SHEET {CONTINUED) AS AT 31 AUGUST 2025 The finan￿al statements were approved and authorised for issue by the Govemors and signed on their behalf by.. liyigti Mrs E A Harrlson BA {Honsj MBA JP Chair of Trustees Mrs J Butler FCA Date.. The notes on pages 27 10 45 form part of these financial slalements. Pago 23

THE ABBEY SCHOOL. READING IA Company Limited by Guarantee) REGISTERED NUMBER: 00133676 COMPANY BALANCE SHEET AS AT 31 AUGUST 2025 As reslaled 2024 2025 Note Fixed a$$ets Tangible assets Investments 14 15 21,012,888 1,725,651 22,692,339 1,698,035 22,738,539 24.390.374 Current assets Debtors Cash 81 bank and in hand 16 5,78S.S15 1.3S3.289 6,023,368 2,871,115 7.148,804 8,894.483 Current liabilitles Creditors.. amounts failing due within one year 17 19.049.756) 110,275,349> Net currènt113billtie$ {1,900,9521 11,380,e661 Total assets less current liabilities 20,837,587 23,009,508 Creditors.. 4rn0unls falling due after more than one year 18 (4,611.9791 16,138.0081 Total net assets 16,225,608 16.871,500 Charlty funds Restricted funds Restricted funds Unrestricted fund5 20 276,291 293,371 20 276.291 293,371 Designated funds General funds 20 20 1,084.330 14,864,987 1,084,330 15,493,799 Tol?[ unreslricled funds 29 15,949.317 16,578,129 Total funds 16,225,608 16,871,50D The Companys nel movement in funds for the year was £1645.892112024- £326.2991. The Governofs acknowledge their re5ponsibililies for complying w(fh the requirements of the Act with respect lo accounting records and preparalion of financial slalemenls. Page 24

THE AB8EY SCHOOL, READING {A Company Llmited by Guarantee} REGISTERED NUMBER: 00133676 COMPANY BALANCE SHEET (CONTINUED} AS AT 31 AUGUST 2025 The financial slalemenls were approved and aulhorised for issue by the Govemors and signed on their behalf by.. E A Harrison BA (Honsj MBA JP Chair of Trustees Date.. MFS J Butler FCA 2é 1 2o2f The notes on pages 27 to 45 form part of these financial stalemenls. Page 25

THE ABBEY SCHOOL, READING IA Company Limited by Guaranteel CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 As reslaled 2024 2025 Ca$h flows from operatlng activities Nel cash used in operating adivities 189,1441 3,949.094 Cash flows from Investlng actlvltles Dividends and intere51 on investment portfolio Purchase of tangible fixed assets Purchase of investment5 Re¢eipls from sale of investments 130,025 1108.0801 1188.8081 220,805 90.151 1655,4771 1397,2311 379,164 Net cash provided byllused in) investing activities 53,962 1583.3931 Cash flows from financ5ng actlwltles Receipt of new bank loan Repayments of borrowing Interest paid 1,000,000 11,152,0431 1232.2891 1321.2631 1434,6721 Net cash (used inllprovided by finan¢ing activitie5 11,473,306> 333,039 Change in cash and cash equivalents In the year Cash and eash equivalents al the beginning of Ihe year 11,508,488) 3,698.740 2,984.675 1714,0651 Cash and cash equivalents al thg end of the year 1,476.187 2.984,675 The notes on pages 27 10 45 fomi part of these finaneiaS statements Page 26

THE ABBEY SCHOOL, READING A Company L5mlt8d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General information The Abbey School, Reading is a charitable company limited by guarantee Irègislered number 00133676 and charity number 3091151, incorporated in England and Wales under the Companie5 Act 2006 and the Charities Act 2011. The addre55 of the registered office is given within the Govemors, Offi￿r$ and Advisors s&¢lion on pag& 1 and 2. counting policies 2.1 Basis of prgparation of financial statements The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 102} Aeeounling and Reporting by CharFties.' Slalement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financi£l Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeelive 1 January 20191, the Financial Reporting Standard applicable iri the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Abbey School, Reading meeis the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless othernise st81ed in the relovanl accounting policy. The Consolidated Slalemenl of Financial Aclivi118s ISOFAI and Consolidated Balance Sheet consolidate the financial statements of the Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Company has taken advantage of the exemption allowed under section 408 01 the Companies Act 2006 and has not presented its own Slatemgnl of Financial Aclivilses in thes8 financial slalements. 2.2 Basls of consolidatlon The group accounts consolidate the accounts of The Abbey School, Reading and its $Lsbsidiary undertaking, Abbey Commercial Enterprises Limited on a line by linè basis. The accounts are made up lo 31 August 2025. No separate slalement of financial aelivilies or income and expenditure has been presented for the charitable company alone as permitted by the Companies Act 20ts6 and the. 2016 Charities SORP. The results of the subsidiary undertsking for the year are diselosed in note 15 of the accounts. FRS102 allows qualifytng entities certain disclosure exemptions. The charily. only, has taken advanla9e of the exemptions for the following disclosufe requirement.. Section 7 "Slatemenl of Cash Flows". presentation of an entity onty Slalemenl of Cash Flow and related notes and disclosures-, and from tho financial instruments disclosures, required under FRS 102 para 11.40 10 11.48A and para 12.26 10 12.29, as the informalion is provided in the Group financial disclosures. Page 27

THE ABBEY SCHOOL, READING (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Account5ng pollcSes Icontlnuedl 2.3 Going concern The Governors keep the School's financial slalus under close review. The most signift¢ant maller likely lo affect the School's financial position is student ntjmbers, and careful PTojeclion5 of income and expenditure are considered in the Context of economic fa¢tors and potential demographic change. Supported by a strong asset base. a gross operating surplus, and a positive cash flow, Ihe Govemors note that the School can service, wilhoul exceeding, the arrangemonls established wilh its bankeis, and conclude that the it will be able lo meet ils liabilities as they fall due. 2.4 Incoming resources All incoming resources are included in the statement of financial activities when the charitable company is legally enlilled lo the income and the amount can be quantified with reasonable accura¢y. 2.5 Fees and similar income Fees receivable, cherges for services and vse of premlses are accounted lor in the pertod in which the service is providèrj. Fees receivable are staled after deducting allowanees, scholarships and other rernissions granted by the school. Means tested bursaries which provide financial assistance lo parents, are treated as expend¥lure from the designated fund within the statement of financial aclivilies. Fees received for education lo be provided in future years are carried fonNard as advance fee Scheme payments and fees received in advance in the balance Sheet, These fees are released to the slalemenl of financial aclivilies over the period in whi¢h the school provides the Se￿1¢e5 in future years. 2.6 Donatlon$ DonatiDns received lor the general purposes of the School are credited lo unrestricted funds. Donations subjed to specific wishes of the donors are cTrdiled lo the relevant restridod fvnd. 2.7 Resour¢e8 expended Expenditure is recognised once there is a legal or constructive obligation lo transfer economi¢ benefit lo a third party, il is probable that a transfer of economic benefits will be required in selllement and the amount of the obliyalion can be measured reliably. ExpendilLFre is classified by activity. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly lo that aclimty. Shared costs which wntribute lo mole than one activily and support Costs which are not attributable lo a single activity a￿ apportioned between those activities on a basis consiglenl with the use of resources. Central staff cosls are all¢xaled on the ba51s of lime Spent, and depreciation charges allocated on the portion of the asset's use. Expendiiure on raising funds includes all expenditure incurred by the Group lo raise funds for ils harilabl8 purposes and includes costs of all fundraising gcliwlies events and nonwchatilablè trading. Expenditure on charitable adivrties is incurred on directly undertaking Ihe activities which further the Group's objectives, as well as any associated support costs. Page 28

THE A88EY SCHOOL, READING {A Company Llmitgd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pollclgs Icontlnuedl 2.7 Resources expended Icontinuedl Resources expended are accounted for on an accrual basis. Resources expended are allocated lo specific activities wilhoul the need for apportionment. The irrecoverable element of VAT is included within the item of expense lo which il relates. Expenditure in respect ol the other support costs of the School includes recruitment eosts and general office costs including governan￿ costs. 2.8 Scholarship$ and bursaries Scholarships and bursaries, along with temporary finaftcial assistance are charged to the statem&nt of financial activrties in the year in which they are grant8d. 2.9 Tangible fixed assets and depreclation Tangible fixed assets are initially recognised al cost. After recognition, under the Cost model, tangible fixed assets are measured at Cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be inclijded in the m&asurement of cost. Depreciation is provided on all tangible fixed assets eX￿p1 land whi¢h is Considered lo be ol negligible value, and is charged so as lo allocate the cost of tangible fixed assets less their residual value over their eslimaled useful lives, using the straighl-line melho¢J. Depreciation is provided on thè followng basis". Freehold building Freehold improvements Motor vehicles Other equipment Computer equipment 20A per annL¢m on cost 10Y. per annum on cost 25D/o per annum on cost 10Q/o per annum on cost 330/0 per annum on cost Items costing less than £5,000 ale written off as an expense as acquired. 2.101nvestments Fixed asset inveslmenls are a form of financial instrument and ale initially recognised al th&ir transaction cost and Skjbsequently measured at fair value al the Balance Shaèt dale, unless the value cannot be measured reliably in which case it is measured al cost less impairment. Investment gains and 105ses, whether realised or unrealised, are combined and presented as 'GainsllLossesl o investments, in the Consolidated Slalemenl of Financial Activities. Investments in subsidiaries are valued at cost less provision for impairment. 2.11 Debtors Trade and other debtors are recognised al the settlement arnount. Prepayments are valued al Ihe amounl prepaid. 2.12 Cash at bank and in hand Cash at bank and in hand includes cash and short-lem) highly liquid investments with a short malurily of three months or less from the dale of acquisition or opening of the deposit or similar ae¢ounl. Page 29

THE ABBEY SCHOOL, READING IA Company Limlted by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 A¢counting policle$ Icontinuedl 2.13 Liabilttles and provisions Liabilitie5 are recognised when there is an obligation at the Balance Sheet dale as a resuEt of a past event. it is probable that a transfer of economic benefil will be required in settlement, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised al the amount that the Company anlicipates il will pay to settle the debt of Ihe amount il has received as advanced payments for the goods or services il must Provide. Provisions are measured al the best estimate of the amounts requ1red lo settle the obligation. 2.14 Financlal instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financi81 instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception DI bank loans which are subsequently me8sured al amort15ed cost using the effective inleTesl method. 2.15 Operating leases Rentals paid under operating leases are charged lo the Consolidated Statement of Financial Activities on a slraighl-line basis over the lease lemi. 2.16 Pensions The charitable company conlribules into sepaTate defined contribution schemes lor leaching ancl non-teaching staff for which the ¢onlribulions are charged in the slalement of financiol activities in the year in which they are pay8bl8. 2.17 Advance fees scheme Amounts received under the school's Advance Fees Scheme contracts for education not yel ulilised lo settle schoDI fees are recorded a5 cuirenl liabilities where the education will be provided 12 months from the reporting dale and as long-lerm liabilities where the education was lo be provided in subsequent years. 2.18 Parents. dgposlts The GoveTnOTS have reviewecl the contract term5 under which pupil fee dep0511s are held by the school. Although under normal circumstances these will be repaid over futurè years when the pupils complete their edLJcalion at the school, pupils can leave al earfier dales. The school doès not therefore have an unconditional right to relain the individual deposits foT at least 12 months after the balance sheet dale and. in line with the requirements in FRS 102. the balance of the deposits held al 31 August 2025 have been included wsthin current liabilities. The prior year pupil fee deposits balance has been similafly represented. 2.19 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Governors in furtherance of Ihe general objeclsves Df the Group and which have not been designated for other purposes. De51gnaled funds comprise unrestricted funds thal have been sel aside by the GovemoTS for particular purposes. Details Df these reSe￿e5. a5 applicabfe lo the Gharity, are Sel oul in note 20. Page 30

THE A8BEY SCHOOL, READING IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontlnued} 2.19 Fund accountlng Icontinuedl Reslricled funds are fLsnds where specific conditions imposed by Ihe donor would restrict the use of unspent funds or where the temis of the appeal re51ricl the use of the funds. Investment income. gains and losses are allo¢ated lo the appropriate fund. Critical accounting estimates and areas of Judgement Estimates and judgements are eonlinually evaluated and are based on hisloiical experience and othèr factors. including expe¢lations of future events that are believed to be reasonable under the circumstances. Critical accounting &slim81es and assumptions.. The Company makes eslimales and assumptions conceming the future. The resulting accounting eslimales and assumptions will. by delinilion, seldom equal the related actual results. The estimate5 and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities wilhln the next financial year are discussed below. Significant estimates included wilhin the financial slalemenls include provision for fee debtors, which require a judgement by managemerrt regarding the likelihoDd of recovery. Management review and assess fee debtors on an individual ba￿S and provide for fee debtors as appropriate. Depreciation 1$ another key estimate in the accounts which requires management Judgen￿nI over the useful life of the assets. The policy has beerl Sel out in the notes above. School fees Unrestricted funds 2025 Total funds 2025 Total funds 2024 School fees Teceivable consist of: Gr05s fees Less.. Scholarships and other awards Less.. Other discounts 19,206,134 19,206,134 20,026.172 11,178,288) 11.178,2861 11,023,818) 1520,1561 1520,1561 1265.7961 Net fees recelvable 17.507.692 17.507,692 18,736,558 Add.. Bur5arie$ paid of deS￿nated funds Imeans-lested} 817,326 817.326 673,8D3 Total 2025 18,325,018 18,325,018 19,410.361 Total 2024 19,410,361 19,410.361 Page 31

THE ABBEY SCHOOL. READING IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from donations Restrl¢ted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations 7,522 34,467 41.989 282,213 Total 2L124 252,500 29,713 282,213 Non an¢lllary income Unrestricted funds 202$ Total funds 2025 Totsl funds 2024 Property rentals 53.171 53,171 46,680 Total 2026 53.171 53,171 46,680 Total 2024 46,680 46,680 Income from Investments Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Bank interest ￿e￿ived UK listed investments 94.279 35,746 94,279 35,746 49,851 4Q),300 Total 2025 130,025 130,025 9D,151 Total 2024 90.151 90,151 Income from investments was designated in the current and pr@vious financial year. Bank interesl received was unrestr¢cled in the current year. Page 32

THE ABBEY SCHOOL. READING IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Ancillary income Unrestricted funds 2025 Total funds 2025 Total fijnds 2024 After school Eare Trips income Fees for extra-curricular courses and examinations Fees in lieu of notice Regisliation fees Miscellaneous income 43,260 521,910 821,236 34,900 28,135 129.801 43.260 521.910 821.236 34,900 28,135 129.801 46,893 701,798 852.486 38,454 32,549 113,912 Total 2025 1,579,242 1,579,242 1,786,092 Total 2024 1,786,092 1,786,092 Expènditura on charitable activities Total funds 2025 Total funds 2024 Staff costs 2025 Other Depreciation 2025 2025 Charitable activities Teaching costs Welfare costs Premises costs Support Costs Trip costs Other travel and activities Bursaries Governance costs 9,359,647 107,562 950,599 1,846.206 477,905 1,396,986 1.578,e83 1,162.083 517,014 368,305 817,326 21,400 433,498 294,936 10.132,488 1.$04,548 4.019.126 3.011.020 517,014 368,30S 817,326 21.400 433,498 9,894,292 1,504,323 4,183.590 3,457,562 726,815 484.249 673.803 25,654 448,541 1.489,844 2.731 Finance costs Movement in bad debt provis¢on 68,692 68,692 88,347 12,264,014 6,841.892 1,787,511 20,893.417 21,487,176 Total 2024 12.328,418 7,304,070 1.854,688 21,487,176 Pa9e 33

THE ABBEY SCHOOL, READING IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Total expenditure on eharitable 8cliviliès was £20,893,417, 12024-. £21,487.1761 of this £7,522 12024. £1,0001 was restricted, £817,326 12024.. £673.803} was designated and £20,068,569 12024.. £20,487,373) was unrestricted. 10. Expenditure on raising funds UTrre5tricted funds 2025 Total funds 2025 Total funds 2024 Portfolio managomenl costs Tr4on-an¢illary costs Trading expenses 13,290 17,111 4,456 13,290 17,111 4.456 14.110 28,706 4.183 34,857 34,857 46,999 Total expenditure on raising funds was £34,85712024: £46,999) of this £13,29012024.' £14,110) related to designated lunds and £21,567 12024". £32,889) ¥elaled lo unrestricted funds. Auditors. remuneration 2025 2024 Fees payable lo the company's auditor and ils associates - Audit Other seTVIC8S 18,700 3,750 17.850 3,570 12. Slaff costs Group 2025 Group 2024 Company 2025 Company 2024 Wages and salaries Social securty costs Pension eonlrsbulions Other non-payroll stsff costs 9,795.754 10,048,316 1,058.654 984,437 1,118.526 1,120.137 291,080 175,528 ,795,754 10,048,316 1,058,6S4 984,437 1.118,526 1,120,137 291,080 175,528 12,264.014 12,328,418 12.264,014 12,328,418 Page 34

THE ABBEY SCHOOL, READING IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Staff Costs Icontinuedl The average number of persons employed by the Company during the year was as follows.. Group 2025 No. Group 2024 No. Teaching Welfare 223 225 27 16 Premises Support 19 45 45 311 313 Aggregate employee costs of the key management personnel of Ihe school, including salary. benefits, pension contributions and national insurance in the year tolalled £339,24712024'. £366,632). The governors received £Nil remuneration or other benefrt for the year12024-. £Nil). The 8mployerfs liability insurance ol the charitable company in¢lude$ indemnity insurance for the goverriors. The Split between part time anrl full time stsff was as folli)WS.' Full lime 2025 No. Full lime 2024 No. Part lime 2025 No. Part lime 2024 No. Teaching Welfare Premises Support 128 121 23 20 12 25 12 26 20 18 136 146 175 167 Page 35

THE ABBEY SCHOOL, READING {A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Staff costs Icontiftuedl The number of employees whosè employee benef((s (excluding employer pension Costs) excèeded £60,000 was- Group 2025 Group 2024 No. In the band £60.OOD- £69,999 In the band £70,000- £79,999 In Ihe band £80,000- £89,999 In the band £90.1)00- £99.999 In the band £100.000- £109,999 In the band £160.000- £169,999 21 18 The total employer contributions In the year towards pènsion scheme contributions for the above 29 12024.. 261 staff members were £229,35512024.. £220,720). During the year. severanee pay was awarded to 26 employees with payments for compensation and pay in lieu of nolKe lolalling £213.980 12024.. 10 ernployees, £82,357). All of Ihis had been paid by the reporting date12024.' AIII. 13. Taxation The charitable company is a registered charity. and as such is entitled lo tax exemptions on income 8n gains, property applied fof its charitable purposes. Page 36

THE ABBEY SCHOOL, READING {A Cornpany Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Tanglble fixed assets Group and Company Freehold property Motor vehicles Office equipment Total Cost or valuation At 1 September 2024 Additions 35.623.475 74,707 23,338 5,369,358 41,016,171 33,353 108,060 At 31 August 2025 35,698.182 23.338 S.402,711 41,124,231 Depreciatlon At 1 September 2024 Charge fDr the year 13,678,274 1,427,230 23,337 4.622,221 36D.281 18,323.832 1,787,511 At 31 August 2025 15.105.$04 23,337 4.982,502 20,111.343 Net book value Al 31 August 2025 20,592,678 420,209 21.012,888 At 31 Atsgu8t 2024 21,945,201 747,137 22.692.339 15. Fixed a55et investments Group 2025 Group 2024 Company 2025 Company 2024 Listed investments {see below) Investments in subsidiary companies (see below) 1.725,649 1,698,033 1,725,649 1.698,033 1,725,649 1,698,033 1.725.651 1,698,035 Subsidiary undertaking: The Abbey School owns 100% of the ordinary share ¢apilal of Abbey Commercial Enterprises Limited (company number 063348171. This company was incorporated in England and Wales and wa5 established lo carry out Ihe noneducational aclivilies associated with the School. Trading results extracted from its audrted financial statements are shown below.. Page 37

THE ABBEY SCHOOL, READING IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Turnover Administration expenses Management Charge from the Abbey School 151,226 14.4561 119.0001 145,682 14,1831 119.0001 Net profil 127.770 122.499 Nel assets 127,774 122,504 All activities havè been consolidale¢t on a line by line basis in the SOFA. Any taxable nel profil is gifted lo the charity. The total expenses include a management charge paid by Abbey Commercial Enterprises ol £19,000 12024. £19.0001, which is eliminated on consolidation. There was no out5t8nding balance with Abbey Commercial Enterprises al the end 01202512024.. £nill Llsted Investments 2025 2024 Al 1 September 2024 Additions Disposals Unrealised Ilossllgain on revaluation for the year Al 31 August 2025 1,689,911 1,570,831 188,808 3g7,231 1220,8051 1379,1641 6,9B2 101.013 1,664.896 1,689,911 Cash held by investment manager Total al 31 August 2025 60,753 1.725.649 8.122 1,698,033 istorical cost of investments 1.541.715 1,484,390 Page 38

THE ABBEY SCHOOL. READING IA Company Lirnited by Guaranteg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Debtors Group Group As reslaled 2025 2024 Company Company A5 reslaled 2025 2024 Tiade deblofs Other debtors Prepayments 5,226,299 12,865 570,684 5.704,416 3,44S 332,743 5,201,966 12,865 570,884 5.687,269 3,356 332,743 5.809.848 6.040,606 5,785,515 6,023.368 17. Cr¢ditoYs: Amounts falling due within one year Group Group As restated 2025 2024 Company Company As restated 2025 2024 B8nk108ns Trade C￿dItorS Deposits he5d Other laxalion and social security Other creditOfS Accrua15 and deferred income Fees received in advance 194.132 462,351 593,747 1.114.490 660.022 140.325 5,894,14S 466,667 309,549 584,781 246,459 501,460 293,560 7,881,186 194.132 462.3S1 593.747 1,109,559 660.022 135.800 5.894,145 466,667 309,549 584,781 242.156 501,460 289,570 7.881,166 9,059,212 10,283,642 9,049.756 10,275.349 The bank overdiaft. with HSBC, is secured by legal ¢harges Over two freehold properties. Fees in advance comprise5 fees paid early for the ntrxt academic term or. under the Advance loes scheme, the next academic year, Deposits held relate to acceptance deposits which are Considered as owed within one year gtven that only one term's noti￿ is required lo be given by pupils. Page 39

THE ABBEY SCHOOL, READING IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Creditors: Amounts falllng due after more than ong year Group 2025 Group 2024 Company 2025 Company 2024 Bank loans F¢es receivEd in advance 4.054,336 557,643 4,933.844 1.204.164 4,054,336 557.643 4,933.844 1,204,164 4.611,979 6,138,008 4,611.979 6.138,008 Fees in advance comprises fees paid earfy for future academic term or, under the Advance fees scheme. the next academic year. The loan is repayablè as follows.. Group 2025 Group 2024 Company 2025 Company 2024 Within 1 to 2 years Bank loans 207,529 468,667 207.529 466.667 Within 2 to S years Bank loans 712,538 1,4L)O,000 712.S38 1,400,000 More than S years Bank loans 3,134.269 3,067,177 3,134.269 3,067.177 The bank loan with HSBC is secured by a charge over the School's property and is due to be fefinanced within 5 yoars. 11 is being repaid al a rrionlhly rale which will extend beyond 5 year5. 19. Flnanclal instruments Group 2025 Group 2r)24 Company 2025 Company 2024 Financial assèts Financial assets measured al fair value 1,725,649 1,698,033 1,725,649 1,898.033 Included within financial instruments hejd at fair value is investments. Page 40

THE ABBEY SCHOOL. READING (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 20. Statemant of tund$ Statement of funds- Current year Balance at 1 Soptembor 2024 Balance at Gainsl 31 August (Lossesl 2025 Transfers Snlout Income Expendlture Unrestrlcted funds Designated funds Designated - The Bursary Fund 1.000,000 35.746 1817,3261 774.598 6,982 1.000,000 Designated donation 84,330 84.330 1.084.330 35,746 1817.3261 774,598 6.982 1,084,330 General funds General unrestrided 15,616,301 20,237,403 120,086,346) 774,5981 14,992.760 Total Unrestricted funds 16,700.631 20.273.149 {20,903,6721 6,982 16,077.090 Restritted funds Reslricled Funds all funds 293,371 7,522 (24,6021 276.291 Total of funds 16,994.002 20,280.671 {20,928,2741 6,982 16,3S3,381 Income from Thè Bursary Fund is used to offer finan¢i81 assistance to individual pupils when necessary. The Governors have decided lo make an annual transfer from the unrestricted funds so that a balan¢e of £1 millton remains earmarked for use on buisaries within this fund. Restricted funds are those received lor specific purposes including donations received for building appeals, various leaching departments and fixed assels. Once the restriction has been fulfilled then transfer from restricted lo unrestricted funds is made. Page 41

THE ABBEY SCHOOL, READING IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 20. Ststemenl of funds Icontlnuedl Statement of funds - prior year Balance al 1 September 2023 Balance at 31 August 2024 Transfers inloul Gainsl ILossesl Income Expenditure Unrgstrictgd fund$ Designated funds Designated- The Bursary Fund Designated dtsnalion 1,000.000 40,300 1687,9131 546,600 101,013 1,000,000 84.330 84,330 1,084,330 40,300 1687,9131 546,600 101,013 1,084,330 General funds General unrestricted 15.539,785 21,468.38D {20.845,2641 1548,600) 15,616,301 Total Unrestrlcted funds 16.824,11S 21.508,680 121,533,177) 101,013 16,700,631 Restrlcted tunds Reslricled Funds 811 fvnds 41,871 252,500 11.0001 293,371 Total of funds 16,665,986 21.761.180 121,534.177) 101,013 16,994,C)02 Page 42

THE ABBEY SCHOOL, READING {A Company Limitpd by Guarant80} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 21. Analysis of net assets between funds AnaEysi$ of net a$$ets between fund$ - current year R&stricted Unrestricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Fixed asset investments Current assets Creditors (tue within one year Creditors due in more than one year 21,012,888 21.012.888 1,725,649 1,725,649 7,009,744 7,286,035 19.059,2121 19,059,212) 14,611,979) 14.611.979) 276,291 Total 276,291 16,077,090 16,353.381 Analysis of net assets between funds- prior year Restricted Unrestricted ftjnds funds 2024 2024 Total funds 2024 Tangible fixed assets Fixed asset investments Currènt assets Credrtors due within one year Creditors due in more than one year 22,692,339 22,892,339 1.698,033 1.698,033 8,731.909 9,025,280 110,283,642) 110.283.642) 16,138,008> 16,138.0081 293,371 Total 293,371 16.700,631 16,994,002 Page 43

THE ABBEY SCHOOL, READING IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 21 Reconcillatlon of net movement in funds to net Cash flow from opgratlng a¢tlvities Group 2025 Group 2024 Net incomelexpendllure for the year las per Statement of Financial Activities) 1640.6211 328,016 Adjustments for: Depreciation (Gainslllosses on investments Dividends and interest Interest payab Ilncreasell decrease in debtors Increasel{decreasel in creditors Increas8llDecreasel of cash al investment manager 1.787.511 1.854,688 16,9821 {101.0131 1130,0251 190,1511 321,263 434,672 62.630 15,471,214} 11,430.2891 7.005,673 152,6311 111,5771 Net cash providèd byl{used inl operating actlvitles 189,1441 3,949,094 23. Analysis of cash and cash equivalents Group 2025 Group 2024 Bank balances included in cash al bank and in hand 1,476,187 2,984.675 Total cash and cash equlvalents 1,476,187 2.984.675 24. Analysis of net debt At1 September At31 2024 Cash flows August 2025 Cash balances Bank loans due in under one year Bank loans due in more than one year 2,984,675 11,508,488 1466,667} 272,535 4,933.8441 879,508 1,476,187 1194,1321 14,054,336) 12,415,836) 1356,445> 12,772,281) Page 44

THE ABBEY SCHOOL. READING IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 25, Capitsl commttments Group 2025 Group 2024 Company 2025 Company 2024 At 31 August 2025 Ihe School had the Igllowing capital Gommilmenls.. 140.000 140,000 26. Pension commitments The Company makes conlributions for teaching and non-teaching staff. £1,118.526 (2024.. £1,120,137) was payable for the year. Contributions lolalling £143,53012024.. £142.5221 were unpaid al the year end and are included within creditors. 27. Operating lease commitments Al 31 August 2025 the GTOUP and the Company had commrtmenls to make future minimum tease payments under non-cancellable operating leases as follows.. Company 2025 Company 2024 Due within one year Due betsveen ￿ and five years 10.302 27.472 10,302 37,774 37,774 48,076 28. Prior year adjustments An adjuslmenl of £5,801,850 ha5 been applied lo both trade debtors and deferred income as al 31 Augu81 2024, to recognise the Autumn 2024 lurtion fee invoices that were issued in advance of the academic period. This has no impact oti the Slalemenl of Financial Adivilies. Related party transactlons Transactions with Governors Owing lo the nature of the schcx)I's operations and the composrtion of ils governing body being dfawn from local public and private sector organisalions, il is inevitable that transacliofts will lake place with organis8tions with which a Govemor may have an interest. Al transactions involving these organizalions are in aecordance with the s¢hool's nomal procedures. In Ihe year expenses of £370 were reimbursed lo 2 Governors in relation lo subsislence12024.. £454 10 3 Governors). Paye 45