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2025-08-31-accounts

Registered number: 01067862 Charity number: 309911

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

GOVERNORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Governors and advisers 1
Governors' report 2 - 7
Governors' responsibilities statement 8
Independent auditor's report on the financial statements 9 - 12
Statement of financial activities 13
Balance sheet 14
Statement of cash flows 15
Notes to the financial statements 16 - 33

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025

Governors D C L Miller, Chair4
M Thompson, Vice Chair3
R Herbert1
S Horrocks (resigned 30 September 2025)2,3
P McGlone1
J G Rampin1,3
B Shah1,3
A Wansbrough1,3
D Thaker1,3
J Aviss2
D Atkinson2
T Handcroft (resigned 31 March 2025)
W Land2
T Hockedy (appointed 23 May 2025)2
1
Member of the Finance and General Purposes Committee
2
Member of the Education Committee
3
Member of the Admissions and Marketing Committee
4
Member of the Human Resources Committee
Company registered
number
01067862
Charity registered
number
309911
Registered office
Amersham Road
Chesham Bois
Amersham
Buckinghamshire
HP6 5PF
Company secretary
F Muzika
Officers
N R Baker BA (Hons) PGCE, The Headmaster
F Muzika ACA, Director of Finance & Operations
H J Farrelly, Clerk to the Governors
Independent auditor
Crowe U.K. LLP
R+ Building
2 Blagrave Street
Reading
Berkshire
RG1 1AZ
Bankers
National Westminster Bank plc
Oakfield Corner
Hill Avenue
Amersham
Buckinghamshire
HP6 5BU

Page 1

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

GOVERNORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The members of The Beacon Educational Trust Limited Governing Body present their annual report for the year ended 31 August 2025 under the Charities Act 2011 and the Companies Act 2006, thus including the Directors' Report and Strategic Report under the 2006 Act, together with the audited financial statements for the year. The members are Directors, Trustees and Governors and these terms are all used within this report.

DIRECTORS' REPORT

Constitution and Objects

The Beacon Educational Trust Limited is a charitable company limited by guarantee. Its Charity registration number is 309911 and the company registration number is 01067862. The registered office and principal address of the company is Amersham Road, Chesham Bois, Amersham, Buckinghamshire, HP6 5PF.

The company is governed by its Memorandum and Articles of Association, which state that its object is to advance the education of the public. In furtherance thereof, the company operates The Beacon School, a preparatory school.

Aims, Objectives and Activities

Aims

The Beacon aims to inspire boys to achieve their best within a happy, safe and stimulating environment, providing education of the highest quality delivered by caring and dedicated teachers. To achieve this, the School continues with the support of parents to:

Primary Objectives

Key elements of the School's strategy are to:

  1. Maintain a broad curriculum that is directed towards independent and lifelong learning.

  2. Uphold the traditional values associated with preparatory education, through its pastoral system, whilst ensuring that pupils are taught the skills and knowledge they will need to meet the challenges of the changing world.

  3. Embed information technology into the curriculum as the principal means of enhancing teaching and learning.

  4. Provide new and improved existing buildings and other facilities to support the educational, cultural and pastoral aims of the School.

Page 2

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Governance and Management

Governing Body

The directors serve as trustees of the Charity and under the terms of the above Articles are also members of the company. Each director is elected by the Board of directors on the basis of nominations received from serving directors, the headmaster and others. Directors are selected on the basis of their skills and suitability. The chairman of the Board is responsible for the induction of new directors, which includes making them aware of their responsibilities, the governing documents, administrative procedures, the history and philosophical approach of the company and previous annual reports and accounts. Every director is vetted for safeguarding purposes prior to appointment.

The first term of office for a director shall be: (a) for an ex officio director - while he or she holds office; and (b) for other Directors - three years; provided that the Directors may determine that the Director shall in fact retire at the end of a meeting of the Board of Directors held within twelve months of the end of the Director's term of office. A Director who has served two consecutive terms of three years may be reappointed for a further term not exceeding two years if the Board considers that the Director's reappointment would be in the best interests of the Charity. At the end of that term, the Director may be reappointed by the Board for a further term not exceeding 2 years, subject to the same considerations, and may be appointed for further terms (each term not exceeding 2 years) thereafter on the same basis. A retired Director may be reappointed to hold office, provided that a year has elapsed since he or she last held office as a Director and provided that the Board considers that it would be in the best interests of the Charity for him or her to be eligible for reappointment.

The directors usually meet as a Board three or more times per year to determine policy and to monitor the operations of the company. Their role is assisted by the work of the Board Committees which usually meet a few weeks before each regular meeting of the Board. The day-to-day running of the School is delegated to the headmaster who, with the Director of Finance and Operations ("DFO"), is assisted by other members of the School leadership team.

Employment Policy

The School supports the attainment of the highest standards of education through rigorous and continuous evaluation of quality and performance, the application of best practice and a widespread desire to improve standards. The School co-operates with local organisations to widen public access to its facilities.

The School is an equal opportunities employer. Full and fair consideration is given to job applications from persons with protected characteristics and due consideration is given to their training and employment needs. Consultation with employees continues on an ongoing basis with the aim of taking employees into account when decisions are made that are likely to affect their interests.

Remuneration Policy for Key Management

Remuneration of the headmaster and the DFO is set by the Remuneration Committee after appropriate consultation and benchmarking in order to ensure recruitment and retention of quality staff.

Page 3

THE BEACON EDUCATIONAL TRUST LIMITED (A company limited by guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

PROVISION OF INFORMATION TO AUDITORS

Each of the persons who are directors at the time when this Report is approved has confirmed that:

AUDITORS

A resolution proposing the re-appointment of Crowe U.K. LLP as auditors to the company will be put to the Annual General Meeting.

STRATEGIC REPORT

Mission Statement

The School's mission is to inspire boys to achieve their best within a happy, secure and stimulating environment, providing education of the highest quality, delivered by an enthusiastic and committed team of teachers and staff.

Strategies to Achieve the Primary Objectives

To achieve this aim the School will, with the support of parents:

Achievements and Performance

The school's strong and stable roll confirms the degree of satisfaction and reputation of The Beacon in the local and regional market. Senior School exit continues to reflect the academic achievements of the boys with the school maintaining its position as a feeder to local state grammar (35 boys) and the local independent day schools: Berkhamsted (12), Merchant Taylors' (8), Reading Blue Coat (2) amongst others at 11+. Despite some local prep schools closing their Years 7 and 8 due to lack of numbers, The Beacon, as a School and as a parent community remains committed to a 13+ exit with 23 boys staying on to Year 7 to attend boarding schools (i.e. Eton, Harrow, Wellington, Bradfield) and other day alternatives at 13. A total of 14 scholarships were awarded to boys across a range of areas: Academic, Sport, Drama, Music, DT and Art.

Across the school, boys in all year groups have been successful in external competitions. The U13 football team qualified for the national IAPS competition, U13 skiers won national IAPS medals and the U13 hockey team reached the national finals. Individual boys achieved medals in national athletics competition with one boy setting the national U13 record for high jump and another winning a silver in the U13 breaststroke in swimming. The U11 Chess Team came second in the national finals. Over 20 boys participated in the Townsend Warner History prize with four boys placed in the top 50.

Page 4

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

The boys across all year groups have excelled in Cooking and Nutrition with over 100 boys competing in their year group Mastercook competitions, externally judged by local restaurateurs. For the first time, the school established a IAPS Cooking and Nutrition competition inviting schools nationwide. In Performing Arts, whole year group performances in Year 4 (Dragon Days), Year 6 (Chitty Chitty Bang Bang) and Year 8 (Archie Dobson’s War) were all successful and very well received, pushing performance values to their highest point so far. A drama group of 24 boys in two companies took their performance of ‘Sister Act Jnr’ to Edinburgh festival in August.

Capital projects

The School has continued to invest substantial capital expenditure in the enhancement of its facilities and equipment during the year. Refurbishment of the front office and staff room areas , added to air conditioning and heat gain control measures where climate change has had most effect, has enhanced the environment for the broader Beacon community. Additionally there has been extensive replacement of IT equipment for educational purposes, the school’s website was modernized, and school transport resources were expanded. The school continues to review its options with regard to its property at 21 Amersham Road.

Public Benefit

Bursaries and Scholarships

The Governors continue to be committed to broadening access to the School by offering means-tested bursaries of up to 100% to enable more boys whose parents would not otherwise be able to afford the fees to benefit from the School's education and facilities.

In 2024/25, seven boys in the School benefited from 100% fee bursaries, one from 80% , one from 50%, and two from lesser bursaries, to a total value of £214,891 (2024: £181,023) . These bursaries also covered all reasonable educational extras, such as uniform, equipment, School trips and other extra-curricular activities.

Beacon Bursary Fund

The Beacon Bursary Fund is a Charity set up and run independently of the School, by five trustees. Its purpose is to assist with funding for the education of pupils of The Beacon School, whose parents encounter temporary financial difficulties, and who might otherwise have to withdraw their son(s) from the School at a time detrimental to their educational progress. The fund derives its income from parental donations, gift aid and investment income. In 2024/25 financial assistance to the value of £53,473 (2024: £7,275) was given by the fund.

Community Links

The School co-operates with local charities and community based organisations in order to widen public access and to share its cultural and sporting facilities. Efforts continue to develop and expand in this respect.

In particular, the School's facilities are offered for modest rents to locally based clubs, and the School hosts sporting and academic competitions in which local Schools participate.

Free use of the school's swimming pool has continued to be provided for Horizon Sports Club, a local disabled children's sports charity.

There is a continued focus on giving support via free use of the school's facilities to The Theatre Shed whose vision is to build a sustainable theatre that brings together many more children and adults from a range of backgrounds to create wonderfully innovative, inspiring, inclusive theatre.

The School is always keen to maintain a good working relationship with the neighbouring residents and the local community. In addition, the school has hosted tea parties for local veterans.

Page 5

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Charitable Fund Raising

The School's on-going commitment to charitable fundraising has continued as demonstrated by events to support a number of national charities including NSPCC, Chiltern Foodbank, Macmillan, Cancer Support, Buckinghamshire Mind, Children’s Hospital Pyjamas, Poppy Appeal, Anti-bullying Alliance, Movember, Pets As Therapy, Robs Artt, Muscular Dystrophy UK, Miracles, Angus lawson Memorial Trust, PACE, and the Lhezie Foundation. We also raise money towards the Beacon Bursary Fund.

Volunteers

The School benefits from the fund-raising activities of parents through The Beacon Parents' Society, whose hard work and support is greatly appreciated by the Governors.

Financial Review

Results for the Year

Total income amounted to £10,023,281 (2024: £10,017,317) . Net incoming resources for the year were £220,591 compared with £875,905 in 2023/24. The introduction of VAT on School Fees from January 2025 together with higher taxes on employment and inflationary pressures, all contributed to the significant fall in the surplus for the year.

During the year a total of £401,731 (2024: £1,240,395) was spent on capital projects to enhance the appearance, security and functionality of the School.

Reserves Level and Policy

The Governors' policy is to maintain the company's free reserves at a minimum of £2m, to cover the immediate needs for essential operating expenditure for one term. The Governors plans to achieve this will however inevitably be affected by periodic opportunities to equip the School with the up-to-date facilities needed to maintain the standard of educational services provided for the benefit of future pupils.

The School's unrestricted funds stood at £18,256,440 (2024: £18,006,833) at the end of the period. After adjusting for unrestricted functional fixed assets for the Charity's own use and the loans connected there to, free reserves stood at £2,082,938 (2024: £2,389,896) .

FUTURE PLANS

The company's future plans include:

Page 6

THE BEACON EDUCATIONAL TRUST LIMITED (A company limited by guarantee)

GOVERNORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Risk Management

The Board keeps the School's activities under review and monitors the risks that arise from time to time, together with the systems and procedures established to manage them. The Board monitors the effectiveness of the system of internal controls and other means, including insurance cover, by which those identified risks can be mitigated. The key controls used include:

The major risks are maintenance of academic standards (mitigated via recruitment procedures as well as appraisal process), child protection (mitigated via strict adherence to safeguarding rules) and quality of the School facilities (mitigated by the latest School vision).

Through these procedures, the Board is satisfied that major risks should be identified and mitigated against so far as practicable whilst recognising that systems provide reasonable but not absolute assurance that all risks are identified.

The School purchases indemnity insurance for the Governors.

Risks and Threats to the Independent Schools’ Sector

Through the School's links to and membership of the Independent Association of Prep Schools (IAPS) and the Independent Schools' Bursars Association (ISBA) the School keeps itself abreast of issues facing the sector as a whole.

The School monitors all threats, such as the risk of pandemics, cyber attack , the general economic and political climate, including the ongoing impact of the introduction of VAT on school fees and the removal of business rates relief for independent schools, and will take appropriate action to adjust budgets and plans should it become necessary.

The Governors are confident in the School's ability to manage these risks.

This Annual Report, prepared under the Charities Act 2011 and the Companies Act 2006, was approved by the Governors of the Beacon Educational Trust Limited in March 2026 including in their capacity as company directors approving the Strategic Report contained therein.

Approved by order of the members of the board of Governors and signed on their behalf by:

D C L Miller (Chairman)

Date: 19 March 2026

Page 7

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF GOVERNORS' RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025

The Governors (who are also the directors of the company for the purposes of company law) are responsible for preparing the Governors' report including the Strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Governors to prepare financial statements for each financial . Under company law, the Governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Governors are required to:

The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 8

THE BEACON EDUCATIONAL TRUST LIMITED (A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BEACON EDUCATIONAL TRUST LIMITED

Opinion

We have audited the financial statements of The Beacon Educational Trust Limited (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Governors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections of this report.

Page 9

THE BEACON EDUCATIONAL TRUST LIMITED (A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BEACON EDUCATIONAL TRUST LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Governors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Governors' report including the Strategic report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 10

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BEACON EDUCATIONAL TRUST LIMITED (CONTINUED)

Responsibilities of trustees

As explained more fully in the Governors' responsibilities statement, the Governors (who are also the directors of the charitable company for the purposes of company law) 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 misstatement, whether due to fraud or error.

In preparing the financial statements, the Governors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, Charities Act together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. Auditing standards limit the required audit procedures to identify noncompliance with these laws and regulations to enquiry of the Governors and other management and inspection of regulatory and legal correspondence, if any.

The greatest risk of material impact on the financial statements is from irregularities, including fraud, to be within the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, and the Finance and General Purposes Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, and reading minutes of meetings of those charged with governance.

Page 11

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BEACON EDUCATIONAL TRUST LIMITED (CONTINUED)

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have 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 noncompliance 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 noncompliance and cannot be expected to detect noncompliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.

Use of our report

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

Alastair Lyon (Senior statutory auditor) for and on behalf of

Crowe U.K. LLP Statutory Auditor R+ Building 2 Blagrave Street Reading Berkshire RG1 1AZ

Date: 26 March 2026

Page 12

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Note
Income from:
Donations and legacies
4
Charitable activities:
School fees receivable
5
Ancillary trading income
6
Other trading activities:
Rent and facility hire
Investments:
Interest received
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net income
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
-
9,453,787
195,584
196,263
137,624
9,983,258
30,486
9,769,138
9,799,624
183,634
65,973
249,607
18,006,833
249,607
18,256,440		 Restricted
funds
2025
£
40,023
-
-
-
-
40,023
-
3,066
3,066
36,957
(65,973)
(29,016)
84,505
(29,016)
55,489		 Total
funds
2025
£
40,023
9,453,787
195,584
196,263
137,624
10,023,281
30,486
9,772,204
9,802,690
220,591
-
220,591
18,091,338
220,591
18,311,929		 Total
funds
2024
£
90,525
9,358,083
198,303
206,149
164,257
10,017,317
76,124
9,065,288
9,141,412
875,905
-
875,905
17,215,433
875,905
18,091,338

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 16 to 33 form part of these financial statements.

Page 13

THE BEACON EDUCATIONAL TRUST LIMITED (A company limited by guarantee) REGISTERED NUMBER: 01067862

BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Tangible assets
12
Current assets
Stocks
Debtors
13
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
15
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 2,782
2,573,615
4,573,336
7,149,733
(4,675,406)		 2025
£
16,175,502
2,474,327
18,649,829
(337,900)
18,311,929
55,489
18,256,440
18,311,929		 5,474
2,208,083
5,707,100
7,920,657
(5,128,934)		 2024
£
16,747,701
2,791,723
19,539,424
(1,448,086)
18,091,338
84,505
18,006,833
18,091,338

The Governors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Governors and signed on their behalf by:

D C L Miller (Chairman) Date: 19 March 2026

The notes on pages 16 to 33 form part of these financial statements.

Page 14

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Note
Cash flows from operating activities
Net cash provided by operating activities
19
Cash flows from investing activities
Interest received
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Advanced fees utilised
Receipts from advanced fees
Interest paid and advance payment discounts
Net cash (used in)/provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
20		 2025
£
507,369
137,624
53,472
(401,731)
(210,635)
(1,128,764)
(415,178)
143,930
(30,486)
(1,430,498)
(1,133,764)
5,707,100
4,573,336		 2024
£
1,768,677
164,257
668
(1,240,395)
(1,075,470)
(131,515)
(449,357)
1,136,140
(76,124)
479,144
1,172,351
4,534,749
5,707,100

The notes on pages 16 to 33 form part of these financial statements

Page 15

THE BEACON EDUCATIONAL TRUST LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. General information

The Beacon Educational Trust’s principal activity continued to be the provision of a Day School for 3-13 year old boys. The incorporated Charity (Charity registration number 309911, Company registration number 01067862), is incorporated and domiciled in the UK and is a company limited by guarantee. The address of the registered office is Amersham Road, Chesham Bois, Amersham, Buckinghamshire, HP6 5PF.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Beacon Educational Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The scale of effects on families and the School, economic and otherwise, in respect of the Covid global pandemic, may have subsided, however the international political landscape has since become more unstable and contributing to the cost of living crisis in the UK. However the School has prepared conservative financial projections for the near to medium term which indicate that even if Government restrictions forced the School site to close again, the School is financially well placed to withstand such headwinds.

Having reviewed the funding facilities available to the School together with the expected on-going demand for places and the School's future projected cash flows, the Governors have a reasonable expectation that the School has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Amounts billed for termly fees and extra curricula activities are recognised as incoming resources when receivable. Amounts received prior to the balance sheet date for autumn term fees are recorded as fees received in advance, as are amounts received for future fee periods under the fee prepayment scheme. Fees receivable are stated after deducting allowances, bursaries and other remissions granted by the School.

Page 16

THE BEACON EDUCATIONAL TRUST LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 17

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold buildings - 2% straight line Minor works - 10% straight line Motor vehicles - 25% straight line Fixtures, fittings and equipment - 10% straight line Computer equipment - 33% straight line

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.12 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 18

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.13 Operating leases

As Lessee

Rentals paid under operating leases are charged to the Statement of financial activities on a straightline basis over the lease term.

As Lessor

In respect of operating leases for which the School is the lessor, the rents received are recognised in the financial statements in the period they relate to.

2.14 Pensions

The School contributes to the Teachers’ Pension Scheme at rates set by the Scheme Actuary and advised to the School by the Scheme Administrator. The scheme is a multi-employer pension scheme and is not possible to identify the assets and liabilities of the scheme, which are attributable to the School. In accordance with FRS 102 therefore, the scheme is accounted for as a defined contribution scheme.

The School also contributes to a defined contribution scheme for non-teaching staff.

The contributions are charged in the Statement of Financial Activities in the year in which they are payable.

The pension costs charged in the year for the Teachers’ Pension Scheme are based on the contributions made to the centralised Government pension scheme run by the Department of Education as stated in note 23 to these financial statements. From 1 May 2024 teaching staff have a choice of remaining in the Teachers' Pension Scheme or joining the defined contribution scheme.

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Governors in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.16 Pupil Fee Deposits

The Governors have reviewed the contract terms under which Pupil fee deposits are held by the School. Although under normal circumstances these will be repaid over future years when the pupils complete their education at the School, pupils can leave at earlier dates. The School does not therefore have an unconditional right to retain the individual deposits for at least 12 months after the balance sheet date and, in line with the requirements in FRS 102, the balance of the deposits held at the year-end have been included within current liabilities. The prior year Pupil fee deposits balance has been similarly re-presented.

Page 19

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

3. Critical accounting estimates and areas of judgment

In the application of the Charity’s accounting policies, which are described in note 2, Governors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Critical accounting estimates and assumptions:

The Governors consider there are no material sources of estimation uncertainty on the amounts recognised in the financial statements.

4. Income from donations and legacies

Donations
Donations
Fees receivable
School fees receivable consist of:
Gross fees
Less: Bursaries & Allowances
Net fees receivable		 Restricted
funds
2025
£
40,023
Restricted
funds
2024
£
90,525
2025
£
9,730,763
(276,976)
9,453,787		 Total
funds
2025
£
40,023
Total
funds
2024
£
90,525
2024
£
9,614,623
(256,540)
9,358,083

5. Fees receivable

The total fees receivable is unrestricted in both the current and the prior year.

Page 20

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

6. Ancillary trading income

Fees in lieu of notice
School bus
Registration charges
Learning support fees
After school care
Deposits forfeited
Music tuition and instrument hire
Miscellaneous income		 2025
£
-
109,675
11,354
24,821
13,038
4,046
1,475
31,175
195,584		 2024
£
20,875
89,017
19,705
34,673
11,310
5,728
1,250
15,745
198,303

The total ancillary trading income is unrestricted in both the current and prior year.

7. Expenditure on raising funds

Unrestricted
funds
2025
£
On bank loans and overdrafts
19,752
Advance payment of fees discount
10,734
30,486
Unrestricted
funds
2024
£
On bank loans and overdrafts
72,342
Advance payment of fees discount
3,782
76,124		 Total
funds
2025
£
19,752
10,734
30,486
Total
funds
2024
£
72,342
3,782
76,124

Page 21

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2025
£
Teaching costs
5,563,420
Welfare costs
643,930
Premises costs
1,815,318
Support costs
1,665,705
Governance costs
80,765
Total 2025
9,769,138
Unrestricted
funds
2024
£
Teaching costs
5,291,942
Welfare costs
667,970
Premises costs
1,456,505
Support costs
1,515,956
Governance costs
79,197
Total 2024
9,011,570		 Restricted
funds
2025
£
-
-
-
3,066
-
3,066
Restricted
funds
2024
£
-
-
52,468
1,250
-
53,718		 Total
2025
£
5,563,420
643,930
1,815,318
1,668,771
80,765
9,772,204
Total
2024
£
5,291,942
667,970
1,508,973
1,517,206
79,197
9,065,288

Page 22

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8. Analysis of expenditure on charitable activities (continued)

Summary by expenditure type

Teaching costs
Welfare costs
Premises costs
Support costs
Governance costs
Total 2025
Teaching costs
Welfare costs
Premises costs
Support costs
Governance costs
Total 2024		 Staff costs
2025
Depreciation
2025
£
£
4,814,551
302,025
180,261
-
145,265
604,736
883,670
11,734
47,587
-
6,071,334
918,495
Staff costs
2024
Depreciation
2024
£
£
4,627,398
230,273
168,838
-
146,130
537,868
889,871
3,237
43,042
-
5,875,279
771,378		 Other costs
2025
£
446,844
463,669
1,065,317
773,367
33,178
2,782,375
Other costs
2024
£
434,271
499,132
824,975
624,098
36,155
2,418,631		 Total
2025
£
5,563,420
643,930
1,815,318
1,668,771
80,765
9,772,204
Total
2024
£
5,291,942
667,970
1,508,973
1,517,206
79,197
9,065,288

9. Net incoming resources

2025 2024
£ £
These are stated after charging/(crediting):
Auditors’ remuneration 21,450 19,500
Depreciation on tangible fixed assets : owned assets 918,495 771,378
Profit/(Loss) on disposal of tangible fixed assets (1,961) 235

Page 23

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
4,800,497
547,715
723,122
6,071,334		 2024
£
4,649,122
486,967
739,190
5,875,279

During the year termination payments totalling £Nil (2024: £Nil) were paid to Nil employees (2024: Nil) .

The average number of persons employed by the company during the year was as follows:

Teachers and teaching assistants
Support
Welfare
Premises		 2025
No.
100
25
8
6
139		 2024
No.
101
22
8
6
137

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No. No.
In the band £60,001 - £70,000 4 2
In the band £70,001 - £80,000 2 4
In the band £80,001 - £90,000 1 -
In the band £110,001 - £120,000 1 1
In the band £160,001 - £170,000 - 1
In the band £170,001 - £180,000
1 -

Of the employees whose annual remuneration exceeded £60,000, 1 (2024: 6) has retirement benefits accruing under a defined benefit scheme. Total employer contributions in the year to the defined benefit scheme were £17,850 (2024: £74,563) . Of the employees whose annual remuneration exceeded £60,000, 8 (2024: 6) have retirement benefits accruing under a defined contribution scheme. Total employer contributions in the year to the Scheme were £126,321 (2024: £57,426) .

Key management personnel consists of the Headteacher and the Director of Finance and Operations. They received aggregate remuneration (including employer’s national insurance and pension contributions) of £381,388 (2024: £365,112).

Page 24

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

11. Governors' remuneration and expenses

During the year, no Governors received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 August 2025, expenses totalling £ 299 were reimbursed or paid directly to a Governor (2024 - £544 to a Governor) in respect of travelling expenses, webinar tickets, training day expenses and subscription expenses.

12. Tangible fixed assets

Cost or valuation
At 1 September 2024
Additions
Disposals
Transfers between classes
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
On disposals
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Freehold
land &
buildings
Motor
vehicles
£
£
22,915,130
198,254
62,208
80,078
(19,010)
-
-
-
22,958,328
278,332
7,148,747
198,103
604,736
11,734
(3,452)
-
7,750,031
209,837
15,208,297
68,495
15,766,383
151		 Fixtures
and
fittings
£
1,430,290
77,547
(45,355)
8,894
1,471,376
835,154
120,119
(8,728)
946,545
524,831
595,136		 Computer
equipment
Assets
under the
course of
construction
£
£
787,193
129,063
72,596
109,300
(90,887)
-
120,168
(129,062)
889,070
109,301
530,225
-
181,906
-
(87,639)
-
624,492
-
264,578
109,301
256,968
129,063		 Total
£
25,459,930
401,729
(155,252)
-
25,706,407
8,712,229
918,495
(99,819)
9,530,905
16,175,502
16,747,701

Page 25

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
2,213,737
15,671
344,207
2,573,615		 2024
£
1,932,665
2,685
272,733
2,208,083

The Autumn 2025 fees were invoiced prior to the year end.

14. Creditors: Amounts falling due within one year

Bank loans
Other loans
Trade creditors
Deposits
Other taxation and social security
Other creditors
Autumn fees in advance
Fee prepayment schedule
Accruals and deferred income		 2025
£
-
2,000
165,189
608,136
549,547
248,398
2,743,298
294,533
64,305
4,675,406		 2024
£
110,400
24,000
257,963
639,224
102,727
181,120
3,232,727
451,959
128,814
5,128,934

Page 26

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

15. Creditors: Amounts falling due after more than one year

Bank loans
Other loans
Fee prepayment schedule
Included within the above are amounts falling due as follows:
Between one and two years
Bank loans
Other loans
Between two and five years
Bank loans
Other loans
Over five years
Bank loans
Other loans		 2025
£
-
-
337,900
337,900
2025
£
-
-
-
-
-
-		 2024
£
876,364
120,000
451,722
1,448,086
2024
£
110,400
24,000
331,200
72,000
434,764
24,000

Page 27

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

16. Fee prepayment schedule

Lump sums may be paid to the Trust as advance payment of future fees. Assuming students will remain in the School, advance fees received will be applied as follows:

Within 1 year
WIthin 2 - 5 years
The balance represents the accrued liability.
The movements during the year were:
Balance at 1 September 2024
Amounts received
Amounts utilised in the payment of fees
Balance at 31 August 2025		 2025
£
294,533
337,900
632,433
2025
£
903,681
143,930
(415,178)
632,433		 2024
£
451,959
451,722
903,681
2024
£
216,898
1,136,140
(449,357)
903,681

Page 28

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17. Statement of funds

Statement of funds - current year


Unrestricted funds
Unrestricted funds
Restricted funds
Restricted Funds
Total of funds		 Balance at 1
September
2024
£
18,006,833
84,505
18,091,338		 Income
£
9,983,258
40,023
10,023,281		 Expenditure
£
(9,799,624)
(3,066)
(9,802,690)		 Transfers
in/out
£
65,973
(65,973)
-		 Balance at
31 August
2025
£
18,256,440
55,489
18,311,929

Restricted funds relate to donations from the Beacon Parent Society for the purchase of various assets, to donations from leaver parents to provide bursaries, funding of School events and to donations to the Headmaster’s Fund. The transfer to unrestricted funds represents bursaries that were initially funded by unrestricted funds, but were later deemed to be covered by funds donated and restricted for this use.

Statement of funds - prior year

Unrestricted funds
Unrestricted funds
Restricted funds
Restricted Funds
Total of funds		 Balance at
1 September
2023
£
17,080,293
135,140
17,215,433		 Income
£
9,926,792
90,525
10,017,317		 Expenditure
£
(9,087,694)
(53,718)
(9,141,412)		 Transfers
in/out
£
87,442
(87,442)
-		 Balance at
31 August
2024
£
18,006,833
84,505
18,091,338

Page 29

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
16,175,502
Current assets
7,081,323
Creditors due within one year
(4,662,485)
Creditors due in more than one year
(337,900)
Total
18,256,440		 Restricted
funds
2025
£
-
55,489
-
-
55,489		 Total
funds
2025
£
16,175,502
7,136,812
(4,662,485)
(337,900)
18,311,929

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2024
£
16,747,701
7,836,152
(5,128,934)
(1,448,086)
18,006,833		 Restricted
funds
2024
£
-
84,505
-
-
84,505		 Total
funds
2024
£
16,747,701
7,920,657
(5,128,934)
(1,448,086)
18,091,338

Page 30

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

19. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Loss/(profit) on the sale of fixed assets
Decrease in stocks
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Interest paid and advance payment discounts
Net cash provided by operating activities
20.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
21.
Analysis of changes in net debt
At 1
September
2024
£
Cash at bank and in hand
5,707,100
Debt due within 1 year
(134,400)
Debt due after 1 year
(996,364)
4,576,336		 2025
2024
£
£
220,591
875,905
918,495
771,378
(137,624)
(164,257)
1,961
(235)
2,692
7,419
(352,611)
9,284
(176,621)
193,059
30,486
76,124
507,369
1,768,677
2025
2024
£
£
4,573,336
5,707,100
4,573,336
5,707,100
Cash flows
At 31
August 2025
£
£
(1,133,764)
4,573,336
132,400
(2,000)
996,364
-
(5,000)
4,571,336

Page 31

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

22. Capital commitments

At the year end, the School had contracted capital commitments of £69,019 (2024: £Nil).

23. Pension commitments

Teachers’ Pension Scheme

The School participates in the Teachers’ Pension Scheme (“the TPS”) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £215,015 (2024: £682,713) and at the year-end £23,374 (2024: £29,643) was accrued in respect of contributions to this scheme.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary’s Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report was published in October 2023. The Valuation Report shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.

The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%.

Other Pensions

In addition to the above, the Company contributes on a new consolidated defined contribution basis to personal pension plans which was launched in Spring 2021. Contributions totalling £508,107 (2024: £56,477) were payable to these funds for the year.

There were unpaid contributions of £71,810 (2024: £55,709) at the year end.

Page 32

THE BEACON EDUCATIONAL TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

24. Operating lease commitments

At 31 August 2025 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2025
£
12,896
17,948
30,844		 2024
£
19,310
3,168
22,478

The following lease payments have been recognised as an expense in the Statement of financial activities:

2025 2024
£ £
Operating lease rentals 20,659 25,936

25. Operating Leases as Lessor

At 31 August 2025 the School was due to receive the following amounts under non cancellable operating leases:

Due in 1 year
Due in 2 - 5 years
Due in more than 5 years		 2025
£
3,750
-
-
3,750		 2024
£
45,000
180,000
45,000
270,000

26. Related party transactions

The year end balance owed to the Beacon Educational Trust from Beacon Bursary Fund is £14,797 (2024: £3,449 owed from Beacon Educational Trust to Beacon Bursary Fund) .

Page 33