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## 

|`C`|`Alexander`|`FT`||
|---|---|---|---|
|`J`|`CEdmondson`|`FT*`||
|`Dr`|`HR Gurprashad`|`S&MH* `||
|`D`|`CGoatman`|`FR&C* `||
|`N`|`LHelliwell`|`EM&A`||
|`CIMJones`||`FG Int+°`||
|`N`|`Millard`|`GS&MH`||
|`N`|`DPortwood`|`Int° `||
|`RCW Rambaut`||`R&C+°`||
|`IAVanEvery`||`M&AR&CSI* `||
|`W`|`AWebb`|`FG°`|`(resigned21stJune2025)`|
|`M`|`Witherick`|`SIG Int* `|`(resigned28thAugust2025)`|
|`P`|`CameronWatt`|`FGInt°`||
|`W`|`Goldsmith`|`E`||



|`E`|`EducationCommittee`|
|---|---|
|`F`|`FinanceCommittee`|
||`GovernanceCommittee`|
|`SI`|`SocialImpactCommittee`|
|`M&A`|`Marketing& AdmissionsCommittee`|
|`R&C`|`Risk& ComplianceCommittee`|





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## **DRAGON SCHOOL TRUST LIMITED ANNUAL REPORT AND ACCOUNTS 2025: INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DRAGON SCHOOL TRUST LIMITED** 

## **(continued)** 

detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 


Guy Biggin Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Auditor Fourth Floor St James House St James' Square Cheltenham GLS0 3PR 

Date: 2 April 2026 

Page 4 



## 

||`Note`|`Unrestricted`|`Restricted`|`Endowed`|`Total`|`Total`|
|---|---|---|---|---|---|---|
|||`funds`|`funds`|`funds`|`funds`|`funds`|
||||||`2025`|`2024`|
|||`£'000`|`£'000`|`£'000`|`£'000`|`£'000`|
|`INCOMEFROM:`|||||||
|`Charitableactivities`|||||||
|`Schoolfees`|`2.`|`22,926`|`-`|`-`|`22,926`|`22,453`|
|`Othereducational`|`3.`|`43`|`-`|`-`|`43`|`38`|
|`Otherancillarytrading`|`4.`|`19`|`-`|`=`|`19`|`30`|
|`Othertradingactivities`|||||||
|`Non-ancillarytrading`||`234`|`-`|`-`|`234`|`185`|
|`Investments`|||||||
|`Investmentincome`|`Ds`|`-`|`10`|`-`|`10`|`3`|
|`Bankandotherinterest`|`6.`|`428`|`-`|`-`|`428`|`857`|
|`Voluntarysources`|||||||
|`Donationsandlegacies`|`7`|`72`|`1,739`|`-`|`1,811`|`1,472`|
|`Totalincome`||`23,722`|`1,749`|`-`|`25,471`|`25,038`|
|`EXPENDITUREON:`|||||||
|`Raisingfunds`|||||||
|`Fundraisingforvoluntaryresources`||`341`|`-`|`-`|`341`|`299`|
|`Trading`||`116`|`-`|`-`|`116`|`57`|
|`Other`||`79`|`-`|`-`|`79`|`136`|
|`Totalcostsofraisingfunds`||`536`|`-`|`-`|`536`|`492`|
|`Charitableactivities`|||||||
|`Schoolsandgrantmaking`||`20,891`|`628`|`-`|`21,519`|`=21,399`|
|`Schools- financingcosts`|`9.`|`1,046`|`-`|`-`|`1,046`|`1,035`|
|`Totalcostsofcharitableactivities`||`21,937`|`628`|`-`|`22,565`|`22,434`|
|`Totalexpenditure`|`8.`|`22,473`|`628`|`-`|`23,101`|`22,926`|
|`NETINCOMEBEFOREINVESTMENT`<br>`GAINS/(LOSSES)`||`1,249`|`1,121`|`-`|`2,370`|`2,112`|
|`Investment(losses)/ gains`|`15.`|`(57)`|`(27)`|`(4)`|`(88)`|`600`|
|`NETINCOME`||`1,192`|`1,094`|`(4)`|`2,282`|`2,712`|
|`Transfersbetweenfunds`|`25.`|`(605)`|`605`|`-`||`-`|
|`NETMOVEMENTINFUNDS`||`587`|`1,699`|`(4)`|`2,282`|`2,712`|
|`Fundbalancesat1 September2024`||`37,545`|`1,532`|`496`|`39,573`|`36,861`|
|`FUNDBALANCESAT31AUGUST2025`||`38,132`|`3,231`|`492`|`41,855`|`39,573`|





## 

||`Note`|`Group`||`Charity`|`Charity`|
|---|---|---|---|---|---|
|||`2025`|`2024`|`2025`|`2024`|
|||`£'000`|`£000`|`£'000`|`£'000`|
|`Fixedassets`||||||
|`Tangibleassets`|`12.`|`55,226`|`57,180`|`55,226`|`57,180`|
|`Investments`|`15.`|`9,768`|`9,115`|`9,768`|`9,115`|
|||`64,994`|`66,295`|`64,994`|`66,295`|
|`Currentassets`||||||
|`Stock`|`13.`|`1`|`1`|`-`|`=`|
|`Debtors`|`14.`|`4,730`|`1,658`|`4,795`|`1,632`|
|`Cashatbankandinhand`|`16.`|`11,431`|`12,860`|`11,217`|`12,714`|
|||`16,162`|`14,519`|`16,012`|`14,346`|
|`Creditors:duewithinoneyear`|`17.`|`(6,440)`|`(7,353)`|`(6,408)`|`(7,310)`|
|`Netcurrentassets`||`9,722`|`7,166`|`9,604`|`7,036`|
|`Totalassetslesscurrentliabilities`||`74,716`|`73,461`|`74,598`|`73,331`|
|`Creditors:dueinmorethanoneyear`|`18.`|`(32,861)`|`(33,888)`|`(32,861)`|`_(33,888)`|
|`Totalnetassets`|`26.`|`41,855`|`39,573`|`41,737`|`39,443`|
|`Endowmentfunds`||`492`|`496`|`492`|`496`|
|`Restrictedfunds`||`3,231`|`1,532`|`3,231`|`1,532`|
|`Unrestrictedfunds`||`38,132`|`37,545`|`38,014`|`37,415`|
|`Fundbalances`|`25.`|`41,855`|`39,573`|`41,737`|`39,443`|






## 

||`Note`||`2025`||`2024`||
|---|---|---|---|---|---|---|
|||`£'000`||`£'000`|`£°000`|`£000`|
|`Netcashinflowfromoperations`|`(a).`|||`810`||`2,873`|
|`Cashflowsfrominvestingactivities`<br>`Interestreceived`<br>`Receiptsfromdisposalsoffixedassets`||`428`<br>`2,357`|||`857`<br>`29`||
|`Receiptsfromdisposalsofinvestments`<br>`Paymentsforinvestments`<br>`Investmentincomereceipts`<br>`Paymentsfortangiblefixedassets`<br>`Netcashusedininvestingactivities`||`(741)`<br>`10`<br>`(1,549)`|<br>|`505`|`(3,800)`<br>`3`<br>`(10,160)`|`(13,071)`|
|`Cashflowsfromfinancingactivities`<br>`Interestpaid`||`(1,014)`|||`(1,023)`||
|`Receiptsfromprepaidfeesscheme`<br>`Paymentsfromprepaidfeesscheme`<br>`Netcashusedinfinancingactivities`||`(1,730)`||`(2,744)`|`3,409`<br>`(709)`|`1,677`|
|`Changeincashandcashequivalentsinthe`||||`(1,429)`||`(8,521)`|
|`reportingperiod`|||||||
|`Cashandcashequivalentsatthebeginning`||||`12,860`||`21,381`|
|`ofthereportingperiod`|||||||
|`Cashandcashequivalentsattheendofthe`||||`11,431`||`12,860`|
|`reportingperiod`|||||||



|`a)`|`Reconciliationofnetincometocash`<br>`flowfromoperatingactivities`<br>`Netincome`<br>`Investment(gains)`|`2025`<br>`£'000`<br>`2,282`<br>`88`|<br> <br> <br>|`2024`<br>`£000`<br>`2,712`<br>`(600)`|
|---|---|---|---|---|
||`(Gains)ondisposaloffixedassets`<br>`Interestpayable`<br>`Interestreceivable`<br>`Investmentincome`|`1,046`<br>`(428)`<br>`(10)`|`=`<br> <br> <br>|`(29)`<br>`1,035`<br>`(357)`<br>`(3)`|
||`Depreciationcharges`|`1,146`||`803`|
||`Decreaseinstocks`||`-`|`6`|
||`Increaseindebtors`|`(3,072)`||`(875)`|
||`Decrease/(increase)increditors`|`(242)`||`681`|
||`Netcashinflowfromoperatingactivities`|`810`||`2,873`|





## 

|||`1Sept2024`|`Cashflow`|`Other`|`31Aug2025`|
|---|---|---|---|---|---|
|||||`movements`||
|||`£'000`|`£'000`|`£'000`|`£'000`|
|`Cash`|`atbankandinhand`|`12,860`|`(1,429)`|`-`|`11,431`|
|`Debt:`|`bankloans`|`(30,000)`|`-`|`-`|`(30,000)`|
|||`(17,140)`|`(1,429)`|`-`|`(18,569)`|





## 



## 

## 

## 

## 



## 

## 



## 

## 

|`2.`|`CHARITABLEACTIVITIES`<br>`-SCHOOLFEES`|`2025`|`2024`|
|---|---|---|---|
|||`£'000`|`£'000`|
||`Schoolfeesandextras`|`23,833`|`22,544`|
||`lessscholarships,Bursariesandgrants`|`(1,535)`|`(1,300)`|
|||`22,298`|`21,244`|
||`Bursariespaidfromrestrictedfunds`|`628`|`1,209`|
|||`22,926`|`22,453`|
|`3.`|`CHARITABLEACTIVITIES—-OTHEREDUCATIONAL`|`2025`|`2024`|
|||`£'000`|`£'000`|
||`Registrationfees`|`40`|`36`|
||`Courses& conferences`|`3`|`2`|
|||`43`|`38`|
|`4.`|`CHARITABLEACTIVITIES— ANCILLARYTRADING`|`2025`|`2024`|
|||`£'000`|`£'000`|
||`Fundraising`|`1`|`1`|
||`Profitonsaleoffixedassets`|`18`|`29`|
|||`19`|`30`|





## 

|`5.`|`INVESTMENTINCOME`||`2025`||`2024`|
|---|---|---|---|---|---|
||||`£'000`||`£000`|
||`Listedandotherinvestments`||`10`||`3`|
||||`10`||`3`|
|`6.`|`BANKANDOTHERINTEREST`||`2025`||`2024`|
||||`£'000`||`£000`|
||`Bankinterest`||`389`||`806`|
||`Other`||`39`||`51`|
||||`428`||`857`|
|`7.`|`DONATIONSANDLEGACIES`||`2025`||`2024`|
||||`£'000`||`£'000`|
||`Donationsforbursaries`||`627`||`1,035`|
||`Legacies- restricted`||`997`||`174`|
||`Legacies- unrestricted`||`72`||`24`|
||`Otherdonations- restricted`||`115`||`239`|
||||`1,811`||`1,472`|
|`8a.`|`ANALYSISOFTOTALEXPENDITURE`|||||
||||||`2025`|
|||`Staffcosts`|`Depr’n`|`Other`|`Total`|
|||`£'000`|`£'000`|`£'000`|`£'000`|
||`Costofraisingfunds`|||||
||`Fundraisingforvoluntaryresources`|`290`|`-`|`51`|`341`|
||`Tradingcosts`|`-`|`-`|`116`|`116`|
||`Othercosts`|`-`|`-`|`79`|`79`|
||`Totalcostofraisingfunds`|`290`|`-`|`246`|`536`|
||`Charitableactivities`|||||
||`Schoolsandgrantmaking`|||||
||`Teaching`|`9,324`|`164`|`1,506`|`10,994`|
||`Welfare`|`1,656`|`15`|`2,573`|`4,244`|
||`Premises`|`559`|`811`|`1,765`|`3,135`|
||`Supportcostsofschooling(including`|`1,628`|`156`|`734`|`2,518`|
||`governance— note8c)`|||||
||`Grants,awardsandprizes(note8b)`|`-`|`-`|`628`|`628`|
|||`13,167`|`1,146`|`7,206`|`21,519`|
||`Schools- financingcosts(note9)`|`-`|`-`|`1,046`|`1,046`|
||`Totalcostsofcharitableactivities`|`13,167`|`1,146`|`8,252`|`22,565`|
||`Totalexpenditure`|`13,457`|`1,146`|`8,498`|`23,101`|





## 

## 

|`ANALYSISOFTOTALEXPENDITURE(cont'd)`|||||
|---|---|---|---|---|
|`ryearcomparativeinformation`||||`2024`|
||`Staffcosts`|`Depr’n`|`Other`|`Total`|
||`£'000`|`£'000`|`£'000`|`£'000`|
|`Costofraisingfunds`|||||
|`Fundraisingforvoluntaryresources`|`232`|`-`|`67`|`299`|
|`Tradingcosts`|`-`|`-`|`57`|`57`|
|`Othercosts`|`-`|`-`|`136`|`136`|
|`Totalcostofraisingfunds`|`232`|`-`|`260`|`492`|
|`Charitableactivities`|||||
|`Schoolsandgrantmaking`|||||
|`Teaching`|`9,305`|`74`|`1,206`|`10,585`|
|`Welfare`|`1,340`|`9`|`2,627`|`3,976`|
|`Premises`|`221`|`542`|`2,305`|`3,068`|
|`Supportcostsofschooling(including`|`1,521`|`178`|`862`|`2,561`|
|`governance— note8c)`|||||
|`Grants,awardsandprizes(note8b)`|`=`|`-`|`1,209`|`1,209`|
||`12,387`|`803`|`8,209`|`21,399`|
|`Schools- financingcosts(note9)`|`-`|`-`|`1,035`|`1,035`|
|`Totalcostsofcharitableactivities`|`12,387`|`803`|`9,244`|`22,434`|
|`Totalexpenditure`|`12,619`|`803`|`9,504`|`22,926`|
|`RANTS,AWARDSANDPRIZES`|||||
|||`2025`||`2024`|
|||`£'000`||`£°000`|
|`FromRestrictedFunds:`|||||
|`Bursaries andothergrantsandawards`||`628`||`1,209`|
|||`628`||`1,209`|
|`OVERNANCECOSTS`|||||
|||`2025`||`2024`|
|||`£'000`||`£°000`|
|`Auditors’remuneration— audit(Group)`||`26`||`26`|
|`Auditors’remuneration— audit(subsidiary)`||`2`||`2`|
|`Auditors’remuneration— non-audit`||`20`||`2`|
|`ReimbursementofexpensestoGovernors`||`-`||`1`|
|`Othergovernancecosts`||`40`||`69`|
|||`88`||`100`|



## 

## 

## 



## 

|`FINANCINGCOSTS`|`2025`|`2024`|
|---|---|---|
||`£'000`|`£'000`|
|`Interestpayableisdueon:`|||
|`Bankloansandoverdrafts`|`1,014`|`1,023`|
|`Discountsallowedonprepaidfees`|`32`|`12`|
||`1,046`|`1,035`|




|`10.`|`EMPLOYEES`||`2025`|`2024`|
|---|---|---|---|---|
||||`£'000`|`£'000`|
||`Staffcosts:`||||
||`Wagesandsalaries`||`10,925`|`10,247`|
||`NationalInsurance`||`1,150`|`1,036`|
||`Pensioncosts`||`1,341`|`1,311`|
||`Severancepay`|`:`|`41`|`25`|
||||`13,457`|`12,619`|
||`Thenumbersofemployeeswhoseremunerationwasover£60k`||||
||`(includingseverancepay)fellintothefollowingbands:`||`No.`|`No.`|
||`£60-`<br>`£70k`||`12`|`13`|
||`£70-`<br>`£80k`||`4`|`3`|
||`£80-`<br>`£90k`||`4`|`2`|
||`£90- £100k`||`1`|`1`|
||`£130-£140k`||`-`|`1`|
||`£140-£150k`||`1`|`=`|
||`£180-£190k`||`1`|`1`|
||`Thesehigherpaidstaffhaddefined`||`£'000`|`£'000`|
||`contributionpensionschemes,totalcost:`||`255`|`227`|
||`Totalpensioncostsweremadeupof:`||`£'000`|`£°000`|
||`Definedcontributionschemes`||`1,341`|`1,311`|
||||`1,341`|`1,311`|





## 

## 

|`Theaveragenumberofemployees,basedon`|`2025`|`2024`|
|---|---|---|
|`headcount,excludingGovernors,was:`|`No.`|`No.`|
|`Teaching`|`220`|`211`|
|`Pensioners`|`2`|`3`|
|`Supportstaff`|`97`|`99`|
|`Development`|`7`|`6`|
||`326`|`319`|



## 

||`Assetsin`|`Freehold`||`Motor`|`Other`|`TOTAL`|
|---|---|---|---|---|---|---|
||`Courseof`|`Property`||`vehicles`|||
||`Construction`||||||
||`£'000`|`£'000`||`£'000`|`£'000`|`£'000`|
|`Cost`|||||||
|`at1 September2024`|`14,542`|`49,387`||`109`|`8,364`|`72,402`|
|`additions`|`-`|`1,198`||`-`|`351`|`1,549`|
|`disposals`|`-`||`-`|`(75)`|`(2,548)`|`(2,623)`|
|`capitalgoodsschemeadjustment`|`-`|`(2,357)`||`-`|`-`|`(2,357)`|
|`transfers`|`(14,542)`|`14,542`||`-`|`-`|`-`|
|`at31August2025`|`-`|`62,770`||`34`|`6,167`|`68,971`|
|`Depreciation`|||||||
|`at1 September2024`|`-`|`8,168`||`102`|`6,952`|`15,222`|
|`charge`|`-`|`567`||`2`|`577`|`1,146`|
|`releasedondisposal`|`-`||`-`|`(75)`|`(2,548)`|`(2,623)`|
|`at31August2025`|`-`|`8,735`||`29`|`4,981`|`13,745`|
|`Netbookvalue`|||||||
|`at1 September2024`|`14,542`|`41,219`||`7`|`1,412`|`57,180`|
|`at31August2025`|`-`|`54,035`||`5`|`1,186`|`55,226`|





## 

||`STOCKS`|`Group`|||`Parentcompany`|`Parentcompany`|
|---|---|---|---|---|---|---|
|||`2025`|`2024`||`2025`|`2024`|
|||`£'000`|`£000`||`£'000`|`£'000`|
||`Goodsforresale`|`-`|`-`||`-`|`-`|
||`Consumables`|`1`|`1`||`-`|`-`|
|||`1`|`1`||`-`|`-`|
||`DEBTORS`|`Group`|||`Parentcompany`||
|||`2025`|`2024`||`2025`|`2024`|
|||`£'000`|`£'000`||`£'000`|`£'000`|
||`Tradedebtors`|`634`|`553`||`625`|`551`|
||`Amountowedbysubsidiary`|`=`||`-`|`96`|`11`|
||`Loans`|`18`|`10`||`18`|`10`|
||`Prepayments`|`533`|`405`||`511`|`370`|
||`Accruedincome`|`1,188`|`690`||`1,188`|`690`|
||`Taxation`|`2,357`||`-`|`2,357`|`-`|
|||`4,730`|`1,658`||`4,795`|`1,632`|
||`INVESTMENTS`||||`Groupandparent`||
||||||`company`||
||||||`2025`|`2024`|
||`Investmentsareshownatmarketvalue:`||||`£'000`|`£'000`|
||`OtherU.K.listedinvestmentsheldasfixed assets`||||`9,768`|`9,115`|
||||||`9,768`|`9,115`|
||`Historicalcost:`||||`9,010`|`8,269`|
||`Valueofinvestments:`||||||
||`broughtforward`||||`9,115`|`4,715`|
||`disposalsatvaluebroughtforward`||||`-`|`-`|
||`acquired`||||`741`|`3,800`|
||`changeinunrealisedvalues`||||`(88)`|`600`|
||`carriedforward`||||`9,768`|`9,115`|



## 

## 

## 

|`16.`|`CASHATBANKANDINHAND`|`Group`||`Parent`|`company`|
|---|---|---|---|---|---|
|||`2025`|`2024`|`2025`|<br>`2024`|
|||`£'000`|`£'000`|`£'000`|<br>`£'000`|
||`Cashondeposit`|`10,624`|`12,118`|`10,624`|<br>`12,118`|
||`Currentbankaccountsandpettycash`|`807`|`742`|`593`|<br>`596`|
|||`11,431`|`12,860`|`11,217`|<br>`12,714`|





## 

|`CREDITORS:DUEWITHINONEYEAR`||`Group`||`Parentcompany`|`Parentcompany`|
|---|---|---|---|---|---|
|||`2025`|`2024`|`2025`|`2024`|
|||`£'000`|`£°000`|`£'000`|`£'000`|
|`Tradecreditors`||`1,178`|`1,881`|`1,161`|`1,875`|
|`Amountowedtosubsidiary`||||||
|`Taxationandsocialsecurity`||`185`|`289`|`185`|`264`|
|`Accruals`||`808`|`1,238`|`793`|`1,226`|
|`Othercreditors`||`26`|`-`|`26`|`-`|
|`Deferredincome`||||||
|`-feesreceivedinadvance`||`2,581`|`1,605`|`2,581`|`1,605`|
|`-depositsheld`||`629`|`670`|`629`|`670`|
|`-prepaidfeesscheme`||`1,033`|`1,670`|`1,033`|`1,670`|
|||`6,440`|`7,353`|`6,408`|`7,310`|
|`CREDITORS:DUEININMORETHANONEYEAR`||||`Groupandparent`||
|||||`company`||
|||||`2025`|`2024`|
|||||`£'000`|`£'000`|
|`Bankloans`||||`30,000`|`30,000`|
|`Deferredincome:prepaidfees`||||`939`|`2,000`|
|`Depositsheld`||||`1,922`|`1,888`|
|||||`32,861`|`33,888`|
|`ANALYSISOFLONGTERMCREDITORS`||||||
|`Longtermcreditorsaredueinlessthanfiveyearsexcept`|`as`|`follows:`||||
|`Bankloans:`||||||
|`duewithinoneyear`||||||
|`duebetweentwoandfiveyears`||||||
|`dueinmorethanfiveyears`||||`30,000`|`30,000`|
|||||`30,000`|`30,000`|
|`Deferredincome- prepaidfees`|`19.`|||||
|`duewithinoneyear`||||`1,033`|`1,670`|
|`duebetweentwoandfiveyears`||||`846`|`1,848`|
|`dueinmorethanfiveyears`||||`93`|`152`|
|||||`1,972`|`3,670`|
|`Depositsheld:`||||||
|`duewithinoneyear`||||`629`|`670`|
|`duebetweentwo andfiveyears`||||`1,194`|`1,196`|
|`dueinmorethanfiveyears`||||`728`|`692`|
|||||`2,551`|`2,558`|



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||`Balanceat`|`Incoming`|`Outgoing`|`Investment`|`Transfers`|`Balanceat`|
|---|---|---|---|---|---|---|
||`1Sept`|`resources`|`resources`|`(losses)/ `|`between`|`31Aug`|
||`2024`|||`gains`|`funds`|`2025`|
||`£'000`|`£000`|`£’000`|`£'000`|`£'000`|`£000`|
|`ENDOWMENTFUND`|`3`|`“`|`=`|`-`|`-`|`3`|
|`ENDOWEDBURSARIESFUND`|`493`|`-`|`-`|`(4)`|`-`|`489`|
||`496`|`-`|`-`|`(4)`|`-`|`492`|
|`RESTRICTEDFUNDS`|||||||
|`KnatchbullMemorialfund`|`124`|`10`|`-`|`17`|`-`|`151`|
|`Bursariesfunds`|`1,059`|`1,624`|`(628)`|`(44)`|`741`|`2,702`|
|`Capitalfund`|`-`|`110`|`-`|`-`|`(110)`|`-`|
|`Developmentfund`|`349`|`5`|`-`|`-`|`(26)`|`328`|
||`1,532`|`1,749`|`(628)`|`(27)`|`605`|`3,231`|
|`UNRESTRICTEDFUNDS`|||||||
|`Prepaidfees`|`z`|`-`|`(32)`|`-`|`32`|`2`|
|`Generalfund`|`37,415`|`23,488`|`(22,325)`|`(57)`|`(507)`|`38,014`|
||`37,415`|`23,488`|`(22,357)`|`(57)`|`(475)`|`38,014`|
|`CHARITYtotalfunds`|`39,443`|`25,237`|`(22,985)`|`(88)`|`130`|`41,737`|
|`Non-charitytradingfunds`|`130`|`234`|`(116)`|`-`|`(130)`|`118`|
|`GROUP`|`39,573`|`25,471`|`(23,101)`|`(88)`|`-`|`41,855`|
|`Prioryearcomparative`|`Balanceat`|`Incoming`|`Outgoing`|`Investment`|`Transfers`|`Balanceat`|
|`information`|`1Sept`|`—resources`|`resources`|`gains`|`between`|`31Aug`|
||`2023`||||`funds`|`2024`|
||`£°000`|`£'000`|`£’000`|`£'000`|`£000`|`£'000`|
|`ENDOWMENTFUND`|`3`|`-`|`-`|`=`|`=`|`3`|
|`ENDOWEDBURSARIESFUND`|`445`|`=`|`=`|`48`|`-`|`493`|
||`448`|`ss`|`=`|`48`|`=`|`496`|
|`RESTRICTEDFUNDS`|||||||
|`KnatchbullMemorialfund`|`105`|`4`|`=`|`15`|`:`|`124`|
|`Bursariesfunds`|`948`|`1,209`|`(1,209)`|`111`|`-`|`1,059`|
|`Capitalfund`|`-`|`207`|`-`|`-`|`(207)`|`=`|
|`Developmentfund`|`313`|`55`|`-`|`:`|`(19)`|`349`|
||`1,366`|`1,475`|`(1,209)`|`126`|`(226)`|`1,532`|
|`UNRESTRICTEDFUNDS`|||||||
|`Prepaidfees`|`:`|`-`|`(12)`|`=`|`12`|`-`|
|`Generalfund`|`35,010`|`23,378`|`(21,648)`|`426`|`249`|`37,415`|
||`35,010`|`23,378`|`(21,660)`|`426`|`261`|`37,415`|
|`CHARITYtotalfunds`|`36,824`|`24,853`|`(22,869)`|`600`|`35`|`39,443`|
|`Non-charitytradingfunds`|`37`|`185`|`(57)`|`-`|`(35)`|`130`|
|`GROUP`|`36,861`|`25,038`|`(22,926)`|`600`|`=`|`39,573`|





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|`26.FUNDS:NETASSETS`|`Fixed`|`Invest-`|`Othernet`|`Longterm`|<br>`Totalnet`|
|---|---|---|---|---|---|
||`Assets`|`ments`|`current`|`liabilities`|`|Assetsat31`|
||||`assets`||`Aug2025`|
||`£'000`|`£'000`|`£'000`|`£'000`|`£'000`|
|`ENDOWMENTFUND`|`-`|`-`|`3`|`-`|`3`|
|`ENDOWEDBURSARIESFUND`|`a`|`464`|`25`|`-`|`489`|
||`-`|`464.`|`28`|`-`|`492`|
|`RESTRICTEDFUNDS`||||||
|`KnatchbullMemorialfund`|`-`|`95`|`55`|`-`|`150`|
|`Bursariesfunds`|`-`|`1,793`|`960`|`-`|`2,753`|
|`Developmentfund`|`-`|`-`|`328`|`-`|`328`|
||`-`|`1,888`|`1,343`|`-`|`3,231`|
|`UNRESTRICTEDFUNDS`||||||
|`Prepaidfees`|`-`|`-`|`846`|`(846)`|`-`|
|`Generalfund`|`55,226`|`7,416`|`7,387`|`(32,015)`|`38,014`|
||`55,226`|`7,416`|`8,233`|`(32,861)`|`38,014`|
|`CHARITYtotalfunds`|`55,226`|`9,768`|`9,604`|`(32,861)`|`41,737`|
|`Non-charitytradingfunds`|`-`|`-`|`118`|`-`|`118`|
|`GROUP`|`55,226`|`9,768`|`9,722`|`(32,861)`|`41,855`|
|`Prioryearcomparativeinformation`|`Fixed`|`Invest-`|`Othernet`|`—_Longterm`|`Totalnet`|
||`Assets`|`ments`|`current`|`liabilities`|`assetsat31`|
||||`assets`||`Aug2024`|
||`£°000`|`£°000`|`£°000`|`£°000`|`£°000`|
|`ENDOWMENTFUND`|`-`|`-`|`3`|`-`|`3`|
|`ENDOWEDBURSARIESFUND`|`-`|`468`|`25`|`-`|`493`|
||`-`|`468`|`28`|`-`|`496`|
|`RESTRICTEDFUNDS`||||||
|`KnatchbullMemorialfund`|`-`|`78`|`46`|`=`|`124`|
|`Bursariesfunds`|`-`|`1,096`|`(37)`|`-`|`1,059`|
|`Developmentfund`|`-`|`-`|`349`|`-`|`349`|
||`-`|`1,174`|`358`|`-`|`1,532`|
|`LINRESTRICTEDFUNDS`||||||
|`Prepaidfees`|`7`|`-`|`1,847`|`(1,847)`|`=`|
|`Generalfund`|`57,180`|`7473`|`4,803`|`(32,041)`|`37,415`|
||`57,180`|`7,473`|`6,650`|`(33,888)`|`37,415`|
|`CHARITYtotalfunds`|`57,180`|`9,115`|`7,036`|`(33,888)`|`39,443`|
|`Non-charitytradingfunds`|`2`|`e`|`130`|`-`|`130`|
|`GROUP`|`57,180`|`9,115`|`7,166`|`(33,888)`|`39,573`|





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||`Unrestricted`|`Restricted`|`|Endowed`|`Total`||
|---|---|---|---|---|---|
||`funds`|`funds`|`funds`|`funds`||
|||||`2024`||
||`£'000`|`£°000`|`£°000`|`£'000`||
|`INCOMEFROM:`||||||
|`Charitableactivities`||||||
|`Schoolfees`|`22,453`|`-`|`-`|`22,453`||
|`Othereducational`|`38`|`-`|`-`|`38`||
|`Otherancillarytrading`|`30`|`-`|`-`|`30`||
|`Othertradingactivities`||||||
|`Non-ancillarytrading`|`185`|`-`|`-`|`185`||
|`Investments`||||||
|`Investmentincome`|`-`|`3`|`-`|`3`||
|`Bankandotherinterest`|`857`|`-`|`z`|`857`||
|`Voluntarysources`||||||
|`Donationsandlegacies`|`-`|`1,472`|`-`|`1,472`||
|`Totalincome`|`23,563`|`1,475`|`-`|`25,038`||
|`EXPENDITUREON:`||||||
|`Raisingfunds`||||||
|`Fundraising`<br>`forvoluntaryresources`|`299`|`-`|`>`|`299`||
|`Trading`|`57`|`-`|`-`|`57`||
|`Other`|`136`|`-`|`-`|`136`||
|`Totalcostsofraisingfunds`|`492`|`=`|`-`|`492`||
|`Charitableactivities`||||||
|`Schoolsandgrantmaking`|`20,190`|`1,209`|`-`|`21,399`||
|`Schools- financingcosts`|`1,035`|`:`|`-`|`1,035`||
|`Totalcostsofcharitableactivities`|`21,225`|`1,209`|`-`|`22,434`||
|`Totalexpenditure`|`21,717`|`1,209`|`-`|`22,926`||
|`NETINCOMEBEFOREINVESTMENT`||||||
|`GAINS/(LOSSES)`|`1,846`|`266`|`=`|`2,112`||
|`Investmentgains/(losses)`|`426`|`126`|`48`|`600`||
|`NETINCOME`|`2,272`|`392`|`48`|`2,712`||
|`Transfersbetweenfunds`|`226`|`(226)`|`-`||`=`|
|`NETMOVEMENT`<br>`INFUNDS`|`2,498`|`166`|`48`|`2,712`||
|`Fundbalancesat1 September2023`|`35,047`|`1,366`|`448`|`36,861`||
|`FUNDBALANCESAT31AUGUST2024`|`37,545`|`1,532`|`496`|`39,573`||