DO￿svJn Envelope ID. 18EFADOA-8831-892142EGkry&12F3t82D3 Registered number- 00912265 Charity number.. 310481 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee) GOVERNORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 *AF2LX26RC* 2WOsr2026 COKIPANIES HOUSE A10 Dr￿￿9n EnvelLye ID.. I8EFADOA￿8Jl￿y21￿2EWA?FJ)8203 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED (A Company Limited by Guarnnteol CONTENTS Page Reference and Administrative Details of the School. its GovernrKs and Ad¥i$ers Gov•mors' Rgport Govemors. R•sponsibilities Ststement Indeyndent Audltorfs Report on tho Finan¢lal Statements Stslemènt of Financial Activities 3-11 12 13-16 17 Balan¢* Shoet 18-19 Statement of Cash Flows 20 Nots$ to the Financial Statements 21-44 Docu*w Envebpe ID.. 18EFADOA4831492142EGA34A2F30B2D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED IA Compary Llmlt•d by Guarants¢) REFERENCE AND ADMINISTRATIVE DETAILS OF THE SCHOOL ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Govemors J A Davison. BA Hon5 {resigned 14 March 2025), Chair C D Li￿nCe (appointed 17 Fèbruary 2025. Chair from 14 March 2025). Chair P J Evans. BA Hons, LTCL. PGCE S Clark. BSC. FRICS. AcIA￿ I￿Signed 10ecember 2025) R A S Mallinson. BSC. LLB (resigned 1 December 2025) R Bhoc4a {resigned 14 Marth 20251 C W Syme5. BS¢, MAEd. MCGI. PGCE (resigned 1 December 2025) K Prest {resvJned 1 December 2025) T Sexton I￿s4gned 1 December 20251 O Asplin Hearsey {app)nted Vice Chair 16 November 2024). Chair (resigned 1 December 20251 W R Davidson (resigned 11 July 20251 K C Lawson T R Pasco IresMJned 1 Oe¢ember 2025) A J GWer-Sandover {resigned 20 November 2024} J Piper Iresigned 1 Oecember 2025) P Marshall Iresigned 1 December 20251 J A Potter18ppointed 21 June 2025. resigned 1 December 202S) K B Rivett {appointed 12 June 2025. resigned l December 20251 M R Winn lappynled 18 June 2025. reswJned 1 December 20251 Company registered number (K1912265 Charlty r•gister•d numb•r 310481 R•gist•red office Orwell Park School Nacton Ipswith Suffolk IP10 OER Independenl auditor MHA Colchester. Urmted Kingdom Bankets Barcla￿ Bank PLC 1 Princes Street Ip5W Suffolk IP5 7RF Coutts 440 Strand London WC2R OQS Page I rkjcusiw Envelope ID.. ieEFAOOMB31492142EGA14A2F3LWD3 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED IA Company Limited by Guarantee) REFERENCE ANO ADMINISTRAllVE DETAILS OF THE SCHOOL. ITS GOVERNORS AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Solicitors Ba￿er l>Jtelee 41c Barrack Square Ma￿esham Ipswich Suffolk IP5 7RF Page 2 Docuswn Erwek)pe10.. 18EF*IN4831492142EW4A2F3r￿2D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED IA Company Limitsd by Guarantee) GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The GoverncKs p￿sent their annual rerx)rt together with the aurfrted finanoal ststemenls of the ON4ell Park School Educab'onal Trust Limtted for the year 1 September 2024 10 31 August 2025. The Annual Report serves the purposes of both a Govemors, ￿t￿)rt and a ￿1￿CtOrS. report under company law. The Governors confirrn that Ihe Annual Report and financial statements of Ihe charilable company comply wth the current statutory requirements. the requirements ol the charitable companls goveming document and the provtsions of the Statement of Re￿mmended Practtce (SORPI appluble lo tharities preparing their accourbts in accordance with the Finanoal Reporting Standard applicable in the UK and Republ￿ of Ireland IFRS1021 leff8Ctive 1 January 20191. Oble¢tl¥e$ and alrns a. Introduction The objective of the School. in accordance its Memorandum of Association. is the advancement of education. induding the prowsion of boarding and day s¢hodirKJ for children of bolh sexes up to the age of thirteen. OTh￿11 Park is a thJostablished C￿dUCatiOnal prep SCI¥)￿ for day PUF¥ls and boarders. The ol￿tanding beauty of the grounds and the historic buildings contribute to an inspiring experience which combines the legacy. and Iraditions of the past with the dynamism and energy of Ihe present and the future. Boys and 9irfs a￿ given every opportunity to be the best they can be. bolh in and outside the dassroom. High expectations and leaming strategies tsilored to the individual child. lead to high levels of attain￿nL b. Values Aca￿err￿C achievement arKI paslordl care are given tcp priority. The SclKd community has identified five CANe values under the overarching value of integrity= kindness. cdlaboration. courage, spirit and respect. The School Children are encouraged lo lake on challenges. to overcome setbacks and to see failure as part of the joumey to success. to develop the resilience. inrtiab"ve. Ile￿bilIty. creativity and cdlaboratwe skills that will prepare them for the n8xt stage of their education and later life. At Orw811 Parl pupils develop a balanced sense of themselves and a qui8t ¢onfid8n¢g in their interactions with others. ¢. ObJe¢tives To offer an all4ound education in whith happy thildren can grow in cOnfKIen￿ and seW*steem To encourage chIld￿n to develop abilities and Perseve￿ when confronted vAth obslades To ￿ate a caring. trusting and SUP￿tiVe environment To exote. engage and challenge eath child. molivaling them lo explo￿ and develop 8 lifelong love of learning, supported by teachers who a￿ passionate about their subject To offer a strong boarding ethos. enc4)uraging independence. tolerance and responsibility To develop in eath child an increasing sense of self4eliance as Ihey prepare for senior school To allow eath chikl to understand and engage the outside world and the needs of others Page 3 DoGusign Envebpe 18EFADJA4831-892142EC-A34A2FW2D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED (A Company Llmlted by Guarantee) GOVERNORS. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 ObJ¢ctlves and alms l¢ontlnued) d. Public benefit Fees and fee assistance The school is cLJmmitted to ensuring financAal sustainability as a key factor in detemilning Ihe ￿h0o1 budgeL however they are acutely aware thal lees musl remain affordable and competitive. Tho annual s¢hool budget in¢ludgd o SP8nd of £826k on sclK>oI discounts vthid) is 17% of fee related incorne" this sUp￿rtS enty to s¢hool for families who require as5islan¢e and the continuation for families whose ¢I￿UM$￿n¢¢s ¢hange owng lo ￿foreseert consequences. ActivIt￿$ The pupils of Orwell Park a￿ invdved in variws Communty Semce Acliwties. These form part of a carousel of activities for the pupits. These a¢ti¥ib"es irtdude caring for the local environment. shore tidy up. church deaning and d)arity fijndraigro. The School allows access to the community to the River Orwell estuary foreshore via a permissive path and allows mass use of the path annually to support the anThJal Orwell Walk {a 25 mile challenge route from Ipswich lo Felixslowe and into the surrounding cxyJntyidel. Page 4 DDcu%w Envekjpe ID.. 18EFADJM831492142ECA34A2F3LWD3 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED {A Company Limited by Guarant••) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 202S A¢hievements and Perfornianc• a. A¢ademi¢ Results All Year 8$ were pLqced suctsssfvlly into a senior schwf of their choice with 79% rrM)ving onto national boarding places. There was a 79% pass rale at CE WTth 21% of the whort averaging an A or higher across all their papers. The cohort achieved 32 scholar5hip5 in the fcAkMNJ areas: Academic {10), ArtIDT (1), Orama {3). Music {51. Sport112) arKI Al Rounder {1). b. ISI Regulatory Complian¢e An ISI Regulatory Compliance Inspect￿n twk place in November 2025. all stsndards We￿ mel in full. A full copy of the Report (which is not subject to grading) i% available on the Schwl's Web￿le at www.otwellpark.co.uk. An ISI Foujsed Compliance and Educabonal Quality Inspecb'on twk ￿ate in September 2022, all standards were mel in full and the quality of pupils academic achievement was assessed as excellent,. the quality of pupils personal developmenl wa5 also assessed as excellent. A fijll copy of the Report 15 available on the Sthool's website at www.oThvdlpark.w.uk. ¢. Staff Attracting and developing excdlent teachers ￿MaInS a priority for the Sthod. OAvell Park School is ctynmitted to se¢uring equ*ity of opportunity through the ¢reation of an environment in which everyone is treated as an indmdual. By respecting and valuing diversity we can maximise our impa¢t through meeting individual needs arKI stsying in touch with the changing socièties in whi¢h we work. The pay of the senior staff is rewewed annualty. In ￿eW of the nature of the charity. the Govemors wll ordinarily benchmark against pay levels in other independent schools of a similar size. run ￿ a similar basis. The remuneration benchmark is the mid to high point of the range paid for similar roles. Page 5 DocusvJn Envebpe10.. 18EFADJA4831-892142EGA34A2F3(B203 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMThED (A Company Llmlted by Guarantee GOVERNORS. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Flnancial rèvlew Financial reviow The financial aim5 of the Goveming COU￿￿1 wKlude generating sufficient income to onsure the School is in a sound financial position. Sufficient SU￿luS is required to enable ongoing maintenance and investment in tho School estate and lo ensure that an appropriate level of reserves are held. On a regular basis. the Finance Committee carefully reviews the financial results and forecasts of the Scho￿. which indudes detsiled scrutiny of cashflows on a short and loryer term basis. the level of borrowings and capital expenditure. The outcome of these reviews are reported to and considered by the Governing Council. The net deficit before revaluatw)n gainsllosses for the year was £399.37512024- net in￿rne £114.267). During "the year total income amounted to £5.053.109 12024 - £5.368.2661 and the expenditure totalled £5,452,484 {2024- £5.253.9991. Pupil numbers re￿Ce￿ to 179 al the end of Summer Temi 2025 from 239 in the Summer Tem 2024. The school continues to focus on the recrutbnent and retention of pupils, wilh the recwitmenl of a D1￿ctor of Admissions and Marketing. Admission Officer. Marketing Exe￿ItiVe and a Digital & Content Assistsnl. these roles will feed into marketing and admiss￿$ intslives. The strategic merger with Benen(len SchoKJ {Kenll Limited, completed on 1 December 2025 has delivered strong eady outcome5, pOgI￿ning the School for sustsined growlh. By aligning complementary strength5, cons01idats.ng resources. and streamlining operations, the merged Group will look to achieve improved efficiency, broader market reach, and increased financial resil*nce. Post year end the bank loan was repaid in fiJll marking a signthcanl. mile51one in strengthening the school's financial position. As a resujl. all assoaated financial covenant5 have been extinguished. providing the organisation with 9reater operalional Ilexibility and reducing administrative oVe￿ght requirements. b. Reserves At 31 August 2025, the Schts)I had unrestn.cted funds of £4.72m (2024.. £5.185m) and ￿$1￿Cted funds totslling £268.67k 12024= £3.67kl. The Goveming Council ha5 a knng-Star￿ing policy to use revenue surpluses and borrowings as appropriate lo improve the overall educakn.onal ser¥￿e arKI facilities provided by the School. 1115 the intention of the Governing Council that this policy of developir¥J aTrJ improving thg Schwl be wntinugd and any Unrestri￿8￿ surpluses wll be used for this purpose. Page 6 Docusiw Envelope10.. 18EFADOMB31W2142EGA34A2F30B203 ORWELL PARK SCHOOL EDVCATIONAL TRUST UMITED {A Company Limit•d by Guarante•l GOVERNORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Fundraising Charities {of local. national and inlemab'onal characterl are ¢hO￿n by Ihe pupils on an annual basis, wilh a variely of fvndraising events laknng Pl￿ thrcwjghout the year: last >Ear the pupils deaded to fundraise for Ihe Ipswch Community Bus. Young Lives vs Cancer and Sealife Trusl. A tolal of £6,849 was raisad which was divided belween the ¢harilies. Fundraising activhlies in¢lu(led a 'Climb Mwnl Evergst Challenge,, an 'Environment Dal, a fancy dress'Family Fun Run.. the 'Family Quiz. aftemoon, and a school disco organised by the School Coune41. The Harvest Festival, attended by the whole sclKK)I community and parents, ¢ollects fc&)d which is donated lo the Ipswich Food Bank and the East Anglian Children's Hospice. The pupils organise an annual Chrislmas FayTe and every other year, local 51all holders also participate. rnakv￿ a small donation lo our chosen charities. Representatives from these charities make every effort to engage wth the schtr)I commtlnity throughout the year. The Chapel ChI￿r sirys annually at the Foxhall Lavender Daycare Centre. and at Sl Abchurch in the City. The School maintains a very dose relationship the Parish Church and contributes on a monthly basis to the church collection by direct deknl: totsl conth"bub"ons sum to over £2,400 pa. The School a150 hos15 the chuich choir for its meetings and practices and all￿¥S use of the school site for carparktng for large scale church events and Sunday morning service5. We have made links wth local prirnary Schools Academy Trusts, woyking t(￿ther afXOSS SFrfXt. music. design and technology. sc¢ence and art. We re(*ntly hosted a STEM-based 0￿￿ evening in the Observatory. which is supported by Ipswich Astronomical Souety. Page 7 Docus¥n EnV8kn￿ ID.. 18EFAOOA4831-892142E&434A2F30B2D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED IA Company Lirnitod by Guaran180) GOVERNORS. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Prin¢ipal risks and uncertainties The Directors e(Jntinue to keep the sch￿I,s ￿ti￿tres UfKler remew and monitor performar￿. Evaluatlon ol Rlsk The School Senior Leadership Team are heavily involved in assessing both the operational and strategic risks to the School. School F￿sk Regisler is regularfy reviewed. at least bi4nnually. and kept up to date by tho Seni¢y Lgadership Team. The Govemors examine regularty the major risks that the Sthool faces. Risks are identified and assessed and controls ar8 established lo mitigate those risks. Risks are kept under regular revmv and a periodic risk management report is made to tre Board via the respective principal committees. School risk management work includes mib'gati(Ms against the financial challenges to the school in the near and medium lems. Str•tegl¢ Plannlng The Govarn￿ intènd to ts)ntinue their Current strategies of mainlaining the schcrf)I's position in 8 cc*npeb"live markèt by invesbng to wovide high qualrty eduotKJn for our pupils. The Strategic Devel¢)pmenl Plan ISDP). that is vrtiiten by Ihe SenK)r Leadership Team. is ￿VieWed al least annually to ensure it is fft for purpose. Major strategic deosp)ns are fully dis¢yJssed and ralifieo by Govemors. This prcKess ensu￿$ that all projects are assessed for risk and are not entered into vthout approprhate due d1lKJen￿. Both financial and operational reporting is embeoded within the working pattems of the Sch￿. Key Performance Indicator5 are used al all levels to aid with the proces5 of hden11￿.ng risks. Once Klenlified, the Senior LeadeT5hip Team and Goveming Council will together make decision5 to appropriatety mrfigale or accepl those risks. calling upon profession81 expe￿$8 from exlemal agencies rf appropTiale. It Is Intended that tho estates èlements of the SDP wll benefit vthen itwestment res￿ree$ are identified. Funding may include donab.ons by interested individuals or general fundraising campaigns and links wilh the Orwell Park Foundation. Improvements Mthin the Boarding house have been initiated folkYMTrJ a recent donation. Flnanclal Planning The Finance Committee. in conjunction wilh the Direclor of Finance. are tasked with the developmenl of financial models covering a range of evenlualities as ¢ir¢umstan¢es dictate. These models are lesled on a regular basis. Marntonance of educational quality The Headmaster and Senior stsff Contir￿* to rev*w the curriojlum arKI co-¢urriwlum activities lo ensure it is of market leading quality. In accordance its charitable objectives the S¢hcd will continue to provide a high- qualty blend of conternpofary and dassical educakn.on for its pupils vtho are aged 2 to 13. The School wll continue to be inr+ovative with its wrriculum using onwing feedbad( on it5 curricUl￿n review and input from sector speci81isls. Ensuring safeguarding of students The Safeguarding and Welfare Committee meets once per term to consKler and improve wherever possible. the arrangements for the Ca￿ and proteciion of children. The DesBJnated Safeguarding Lead and team arg supported by safeguarding G0Vem￿ wth wide experien￿ of school safeguarding Pr￿edUreS.. one Governor also has oversight of Boarding and makes regular wsits to Ihe Boarding fk>ors during busy evenings in order lo obtain a contemporary Wure of our FYovision. Page 8 DotsJs¥n Envew ID.. 18EFAD0A483I492142EG￿A2F3C82DJ ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED {A Company LiMft￿ by Guaranl•e> GOVERNORS. REPORT ICONnNUED) FOR THE YEAR ENDED 31 AUGUST 2025 The School has developed a robust approach to the rec¥uitmenl and vetting of staff for all posts", consistent applicats)n of this approach is given the highest priority. Al staff are trained in safeguarding upon arrival and Ihrough(Mrt their time at the s￿ on an annual basis with regular updates throughout the year. Health and Safety The School operates a Health and Safety wticy and plan whith sets out the responsibilitiès of each indiwdual member ol staff lo work safely. This wuirement is induded in job (lescripb"on and annual objedives of all staff. A specialist consultant in H&S is retained ar￿ wsits bi-monthly., a range of speoalist ¢ontratlors are retained lo advise the School in their iespeclive areas like legMMeUa and water hygiene, asbestos. electrical testing, safeguarding and fire regu￿tionS. The major risks to the School involve Ihe safety and security of the chiklren and staff in tts ca￿. The School has up to date fire risk assessments #nd fire evacuab"t)n Procedures. Fire prac￿"¢e$ lake place during each term and are designed to familiarise chitdren and stsff on how to evacuale the building in a safe and orderty manner. Major Risks The Directors consider that the major risks to whith the School is currenty exposed are.. 1. Economlc and Political Risk. The Scho(A has a robust system for assessing Ihe effects of changes political and economic factors that may affect the operation of the School in the short. rnedium and k)nger tem). Specific risks in this categ¢Ny are: a. Inlroduclion of VAT on independent school fees and k15s of business rate relief by independent schools. These 51gnificanl risks lo the School became a reality following the change in Govefflmenl in July 2024. The Sehool is managing this risk through careful finanaal planniro and ensuring that cost efficlencies and opportunities to generate addit*)nal non-fee In￿Me are identified wherever possible. b. Wider economic environment. The increased costs of INing from higher inffation and interest rates adversely ffecls the affordability of the School within its market which ullimalely could risk student numbers and retention. The School is actively managing costs in all wea5. 2. Cyber Se¢urlty Cyber sewrity risks remain high wth the School being alert to the risk of a cfftr-attack and the risk of failure of IT se￿rity procedures. Al slaff are regularfy trained to be aware of ￿ftr risks. Appropriate security measures, which include exlemal lestirvj of IT secJJrty systems are undertaken on a regular basis. 3. Health and Safoty The ￿001 manages our exposu￿ to health and safety risks dosely. induding through investments in processes such as risk assessments and in the govemance and contrd mechanisms around higher risk operation5. We also ensure our pastoral team are up lo date on live area5 of C￿CeM through social media channels and operate sensitive IT monf(oring such that pastoral staff are automatically alerted v4hen a student uses search terms that may be a cause for safeguarding concems. 4. Infrastructur• rlsk The school has increased its focu$ ￿ infrastructwal resili8n¢e with planned investment in Ihe Sports-hall roof and changing lacilits'es. Pa9e 9 Dwson ETh￿￿￿10.. l8EF￿)￿BB3l￿92l42ECA3￿￿F3c8203 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITEO IA Company Umited by Guaranteo) GOVERNORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Stru¢turei gov¢manu and management The Sch(x)l is governed by its Memorandum of AsxKiation dated 2 August 1967 and its Articles of AS$￿13t10n approved on 7 September 2007. Goveming Body The &)vemors are elected al a full Governc￿. meeting in accordance with the Articles of Association of the Company. Governors are appointed for a term of three years with Governors retiring by rotation, ￿th the option of being able to be reappointed unless at the meeting it is resolved not to fill the vacancy or a ￿SolUtion for the reappointrnent of Ihe existir¥J Governor is put to the meeting and lost. Governors are appointed on the recommendation of not less than three Govemors. On appointrment. new Govemors receive an induction pack from the School setting Out their responsibilit￿s. Additionalty. they attend a fomial intemew explaining Board policy and procedure. New nominations a￿1 reappointments are based on personal competen(*, independence of character, judgement and specialist skills and there are no relalion5hips or circumstances whth are likely to affect, or could appeat lo affect. the Govemofs. judgement. Organlsational Management The Govemors meet 85 a Board at leasl once per term to determine the general policy of the School and review its overall managernent. for which they are Eegalty responsible. At the end of the academic year. the Board comprised fifteen members dTrwn from a wide range of backgrounds in the educational. financial, legal and property sectors. . Certain finanaal respons*￿I￿les. induding reporb"ryJ actual results against budget and lalesl estimate. the presentation of the annual budget and approvals for capilal expendsture are delegated by the Board to the Finance. Audit and General Purposes Committee (FAGP). The Committee comprises Board members with specialist kr￿lledge of finanaal and le￿1 issues and during the period was chaired by Mr Oliver Asplin-Hearsey. at which the Headmaster ar￿ BursarlDirector of Finan￿ are present. are nomially held once a term. prior to the Board meeting. Olher principal committees through whic* Fvwers are delegated by the Board are Education. SafeguardiThJ arKI Welfare. and Vision and Strategy Commtttees: supporbr¥J committees ￿ Oata and Informat￿ Technology. Marketing. Health and Safety. Pastoral. Nomination. and Remuneration. The cuffenl S￿leMS and structures for govemance at 0￿eTh Park School reflect the determinatlon of the Board to give greater emphasis to safeguarding in order to continue to provide the very highest levels of pastoral ca ithin the School. Govemors continue lo thair the prinrApal committees and Senior school stsff chair the supporting committees all of which will be attended by the Headmaster andlor Bursar: supporting subcommittees 11 report to the principal C￿nMitteeS as outlined in the Govemance Paper. Graup Structure The School has a whollNwnad nonp8 ID.. 18EFADOU831492142EGA34A2F30B203 ORWELL PARK SCHOQL EDUCATIONAL TRUST UMrrED (A Company Limiw by Guarant•e) GOVERNORS. REPORT (CONTINUED) FOR THE YEAR ENDEO 31 AUGUST 2025 Structure. govemanc• and manag•m•nt Icontinued) Post Balance sheet events Prior to the end of the financiaf year Or4vell Park Educational Trust Limited entered into a tharitable merger agreement with Benenden School IKenll Limited, thè mèrger completing on 1 December 2025. As a result of th8 mèrger. after the end of the finanual year. all of On¥ell Park's assets and liabilities We￿ transferred to 8en8nden School for nil consideration. Al the point of merger Ben8rKlen assumed all liabilitses of the school as well as the uneneurnbered assets. Finalising at the end of January 2026. 0ry*ll Park Educational Trust Limited entered into an agreement with PLOT to sell 8 small parcel of land and building known as Buck House that had al￿adY been leased to PLOT on commercial tems. The agreement was based on a split payThenl ￿hedu￿ wth the majority of proceed5 being paid prior lo the completion of the Benenden merger and a stub pawnenl made to Benenden School IKenl) Limited in January 2026. Since the balance sheet date. the school has initiated a siaff restructuring programme designed to align staffing resourcas wth operational and finanaal requirements, the full financjal impath of which is still being assessed. Approved by order of the members of the board of Govemors s¥Jned on their behalf by. C D Ll¢ence Chair Dale-may 21. 2026 Page 11 D4cuswJn En¥Èk¥pe10." 18EFAtK*A4B31492142EGA34A2F3C82D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee) STATEMENT OF GOVERNORS. RESPONSIBILtriES FOR THE YEAR ENDED 31 AUGUST 2025 The Govemors (who are also the directors of the School for the purposes of company law} are responsible for preparing the Govemors. Report and the ffinancial ststements in accordance wth applicable law and United Kingdom Accounting Stsndards (United Ifj.ng¢￿M Generalty At￿pted Accounting PracLice}. Company law requires tr* G0vem￿S to P￿Pa￿ financial statemènts for eath financkgl year. Untjer company law, the Govemors must not approve the finawal statements unless they are satisfied that they give a true and fair view of the state of affairs ol the School and of its incoming resources and applicalion of resources. irtcluding its income and expenditure. for that period. In preparing these finanaal statements, the Govemors are required select suitsble accounting poli(ies an¢J then apply Ihem consislenuy, observe the meth￿$ arKI prin￿p￿ of the Charitie5 SORP (FRS 1021" make judgments and accountir¥J estimates that are reasonable and prudent- state whether applicable UK Accounting Standards {FRS 1021 have been folknved. subject to any malerial departures disclosed and explained in the ffinanual statements.. prepare the financial Statements on the going concern basis unless it 15 inappropriate to presume that the Sthool wll continue in busi￿$$. The Governors are responsibfe for keeyng adequate aco)unling record5 that are sufficient to show and explain the Sch￿1,$ Ir8nsa¢b"ons and disclose ￿0$Onable accuracy at any time the financial position of the School and enable them lo ensure that the finanoal ststements comply ￿th the Companies Act 2006. They are also responsible for safeguarding the assets of the Sthool and heno for tsking reasonable steps for the preventKin and deleclk)n of fraud and other irregularities. Approved by order of the members ofthe board of Govemors swed on its behalf by. C D Llcence (Chair of Tru51ees) Date'.May 21. 2026 Page 12 Ot￿us￿Jn Envekw81tr. 18EFA0fiA-BB31-892142E&A34A2F3￿D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED IA Company Umlted by Guarantee) INDEPENDEMf AUDITOR'S REPORT TO THE MEM8ERS OF ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED Opinion We have audil¢d the ffinancial statements of Opwell Park School Educational Trust knmrted (the 'school'l for the year ended 31 August 2025 which comprise the Statement of Financial Activities. Ihe Balance Sheet. the Statement of Cash Flows and the related notes. induding a summary of significant accounb'ng poticies. The financial reporting framework that has been applied in th￿r preparation is applicable law and United Kingdom Accounting Standards. induding Financial Reporbrwj Standard 102 The Finanaal Reporting Standard applicable in the UK and Republic of I￿land. {United Kingdom Generally Accepted Accounting Practi￿1. In OUT opinion the financFal statements: giv8 a true and fair view of the stste of the charilable t￿mpan￿$ affairs as at 31 August 2025 and of Its incoming resources applic81K￿ of resourt*s. Includh￿ its income and expenditure for the year then ended.. have been prot￿lY prepared in accordance vthh United Kingdom Generally A￿epted Accounting Pra¢ti¢e,' and have been prepared in accordance th the requirements of lh¢ Companies Act 2006. 8a$i$ for OPTnion We conducted our audit in a¢￿dance with Intgmational Slandards on Audth'ng {UKI {ISAs (UK)) and applicabl law. Qur responsibilib.es under those stsndards are further described in the Audilorfs responsibilities for the audit of the finanoal 51alements section of our report We are indèpendent of the charitable company in accordance with the ethical requirements that are ￿levant to our audii of the finanaal statements in the United Kingdom, including the Financial Reporting Counil's Ethical Slandard. and we have fulfilled our other ethical responsibilitses in accordance with these requirements. We bel￿e that the audit evidence we have obtainèd is SuffiC￿nI and appropriate to yowde a basis for our 4xnion. Emphasis of matter We draw attention to Note 2.2 to financial statements wthieh $umm8rises the ￿nditionS identified al 31 August 2025. On 1 December 2025 the operations of the School were transferred lo Benenden School. with all assets and liabilities transferred. as detailed in note 33. The Governors intend to liquidate the company in due course. followng the transfer. and therefore do not consider it to be appropriate to adopt the going ¢oncem basis of accounting in preparing the ffirtancial statements. Acwrdingly the ffinanaal State￿￿nIS have been prepared on a basis other than going eoncem as descjibed in Note 2.2. Our opinion is not modified in respect of this matter. Page 13 ()0rAj￿gft Envew ID: 18EFAExIMB3l4¥2142EG￿j4h2F30B2D3 ORWELL PARK SCHOQL EDUCATIONAL TRUST UMITED {A Company Umtted by Guarantee) INOEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED {CONTINVEDI oth•r inforniation The other infomiation comprises the information induded in the Annual Report olher than the financial statements and our Auditorfs Report Ihereon. The Govemors are responsible for the other infornialion contained within the Annual Report. Our opinion on the finawal statements does not cover the other information and, except lo the exlent othe￿ise expliady stated ￿ cwjr report. v* do not express any fom) of assurance condusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other intormalion is malerially inconsistent with Ihe financial stslemenls or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identfy such material inconsistencies or apparent material misststements, we are required to detemiine whether this gives rise to a material misstatement in the financial statemenls themselves. If. bas8é on the work we have perfomied, we condude that there is a material misstatement of It¥s other information. we are required to report that fact. We have nothing to rekxjrt in this regard. Opinion on other matters prescribed by the Companies Acl 2006 In our opinion. based ¢M the work undertsken in the course of the audit.. the inforniatton gNen in the Govemors. Rew¢ for the financial year lor which the financAal statements are prepared is consistent with the financial ststements. the Governor5. Rew)rt ha5 been prepared in accordan￿ with appliCa￿e legal requirements. Matters on which Yle are Tequired to Teport by exception In the light of our knowledge and understanding of the tharilable c(Mnpany and its environment obtain8d in the course of tho audit, have rth)t hjenbfied material misslalements in the Govemcrfs. ReporL We havg nolhing to report in respect ol the followng matters in relaticffi to Companies Act 2006 requ￿$ us to report to you rf. in our opinton." adequate accounting re￿rdS have not been kept. or retums adequate for our audit have not been received from brarKhes not Visited by us," or the finanaal ststements are nol in agreemenl tmth the ats>)unting ret>xds a￿1 ￿t￿m$.. or Certain disclosures of Governors. remuneralion specrfied by law are not made; or we have not receNgd all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully ￿ the Govemors. ReSp￿￿1b￿1Iles Statement, the Govemors {who are also the directors of the charitable company for the purFM)ses of company law} a￿ ￿spon￿ble for the preparation of the financial slalemenls and fly being satisfie(J that they give a true and fair view. a￿1 for such internal control as the Govemors determine is necessary lo enable the ￿eParatIOn of financial statements that are free from material misslatemenl. whether due lo fraud or error. In pr8pafing the financial stslements, the Govemors are resP￿sItsIe for assessing the charitable companys ability to continue as a going concem. disdosing. as ap￿1¢able. matters related to goirvJ concern and using the going eoncem basis of accounting unless the Govemor5 etther intend lo liquidate the charitable company or lo ase operations. or have no realistic a￿emative but to do so. Page 14 D(Kuwgn Envek)pe10." 18EFAoOA-8￿14$21￿2EGA￿A2F3O82O3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED (A Company Llmlted by Guarnntee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED (CONTINUED) Auditofs iesponslbillties for Ihe audlt of the fimndal statements Our objecb.ves are to obtain ￿asonable assurance about whelher the finarbcial statements as a whole are free from material misststemenl, whether due to fraud or error. and to issue an Auditorfs Report that includes our opinion. Reasonable assuran￿ is a hrgh level of assuran¢e. but is not a guarantee that an audit ¢ondu¢led in a¢cordance wth ISAS IUKI will always delect a material misslatement %then il ¢￿sts. Misstslemenls can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expe¢ied to influence the econornic decisions of users tsken on the basis of Ihese financial statements. Irregularities, fraud, a￿ inslan¢es of rKTr¢omplianca with laws and reg￿ationS. We desfvjn pro¢edures in line wth our responsibilities. ouuined abovè. to detect material misstatements in respect of irregularities, induding fraud. The extent to which our procedu￿$ are capable of detecting irregularities. includuvj fraud is detsiled below.. Obtaining an understsnding of the legal and r8gulatory frameworks that the Sch￿1 operates in, focusing on those laws an¢J regulations that had a direct effect on the financial statements. Enquiry of management to identify any instances of known or suspected instances of fraud. Enquiry of management and those charged Mth goveman¢e around actual and potential litigation and ¢laims'. Enquiry of management abwl any instrn￿S of rmm-compliance wth laws and regulations.. Peforniing audit work over the risk of management override of controls. including lesling of joumal entries and other adjustments for appropriateness. evaluating the business rationale of signrficant transactions outside the normal course ol business and reviewing accounts.ng esb"mates for bias.. Reviwng minutes of meetr.ngs of Ih¢)se tharged wilh govemance: and Reviewing financial slalemenl disclosures arKI testing to supp)rting ￿￿UmanIa￿On to assess compliance with applicable laws and regulations. Because of the inherent limttations of an aud( there is a risk that we will nol delect all irregularilies, including thoselgading to a malerial misstslement in the financial ststements or nononations 209.870 209.870 Incorne from charltable actlvltl•s Vnre$lrl¢ted fvnd$ 2025 Total funds 2025 Educati￿1 operatK)ns 4,131,129 4,131,129 Page 26 D¢￿￿9n EnveloFe10'. 18ÉFAOOA-BB31-8921-82EC-AYA2FXe2D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED (A Company Llmlt•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S Income from ¢haritable activltles {¢ontlnu¢d Unrestricted fvnds 2024 Total funds 2024 Educational opefations 4.7T7.803 4.777,803 Analysls of Income from charilable adivities by type of income 2025 2024 Fees receivable Other ancillary trading income 4.007.1 171.972 4.388,605 389, 198 4,179,128 4.777.803 School lees 2025 2024 oss fees Less: total bursarie5. grants and allowarKes 4.832.994 5, 149,352 {825.838) 1760, 747) 4.1)07.156 4.388,605 Page 27 Do￿569￿ en¥th￿ ID.. 18EFADOA-B831-8921-82EC-A34A2F3C6203 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMrrED (A Company Llmlt•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Other ancillary Irading incom• 2025 2024 Leaming gjpport Registration fees Insurance wmmission Sundry incom8 SchcM)l activity incrxne Orwell Park acliwties income 78.901 4,830 3.530 57,401 27.292 Tl. 744 9.595 6.230 120.202 177.881 4, 146 171.972 389, 198 Income from other tradlng actlvftles Income Irom fundralslng events Unrestricted funds 2025 Total funds 2025 Concerts and events Letting income 7.000 108.892 7.000 108,892 Total 2025 115.892 115.892 Unr8stn¢t8d funds 2024 Total fijnds 2024 Concerts and everrts Letting income 9.448 369.649 9.448 369.649 Total 2024 379.097 379.097 Page 28 DoGuslgn En￿10￿ ID.. l8EFA0￿8B31-8921-82EC-￿yA2F3c6203 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED {A Company Lomlted by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Investment income Unrestricted funds 2025 Totsl funds 2025 Bank interest r￿l¥able 12.443 12.443 Unrestricted funds 2024 Total funds 2024 Bank inlergst r￿1Vat40 1.496 1.496 11. Expenditure ¢>n raising funds Unre$trlcted funds 2025 Total funds 2025 Bank interest Cost of lettings Cleaning agerty costs 70.035 2.641 2.512 70.035 2.641 2.512 Total 2025 75,188 75.188 Unrestricted fiinds 2024 Total fvnds 2024 Bank Inte￿$1 Cost of lettings Cleaning agency costs 90,428 4,323 5.432 90.428 4.323 5.432 Total 2024 100,183 100, 183 Page 29 DocusKJn Enve&)￿ ID". 18EFADL144B31492142EG￿24A2F￿D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Analysls of expendlture on charitable adlvllles Unre$tri¢ted Restricted funds fund$ 2025 2025 Total 2025 Schools and grant maknng 5.077.296 300.( 5,377,296 Unrestricted funds 2024 rotal 2024 Schools and grant making 5.153.816 5.753.816 13. Analysls of èxponditure by adlvltles A¢tivit•es undertaken directly 2025 Support o$t$ 2025 Total fund$ 2025 Schools and grant m8knng 4.294,871 1,082,425 5,377.296 Activities undertaken directly 2024 Support costs 2024 Total lunds 2024 Schools and grant maknng 4.074,362 1.079.454 5.153.816 P89e 30 Docusvan Envek>pe10.. 18EFADoA4B31492142EC-￿l4A2F3OB?O3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMrrED IA Cornpany Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Analysls of expendSture by activities (Contin￿d) Analys1$ of dlre¢t ¢osts Total funds 2025 Total funds 2024 Staff costs Depreciation reaching costs Welfare costs Premises costs 3.017.176 187.297 151.049 145,026 794.323 2.961,381 169.374 205. 160 161. 167 577.280 Total 2025 4.294,871 4.OT4,362 Analysis of sUPPOrt costs Total funds 2025 Total fvnds 2024 staff costs . School activities rectharged Miscellaneous Printing. posting and stationary Professional fees Marketing and recruitsnent 502,229 2,481 22,735 27,947 84,379 55,128 444.298 149.683 20.452 31.312 117.961 54.576 F 11 Concerts Telephones Computer costs Bank charges Bad debts Commission fees Govemance costs 21,563 14,143 83,082 9,086 162.971 64.166 32,515 22,462 21.948 79,512 21.946 10.058 83.356 21.690 Total 2025 1.082,425 7.079.454 Page 31 ID.. 18EFAOOA4831-8921-82EGA34A2F30B203 ORWELL PARK SCHOOL EDUCATIONAL TrUST LIMrrED {A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Auditorfs remun•ration 2025 2024 Auditorfs remuneratKJn- ALKlit of the finanaal statements Auditorfs remuneration- Other services 20.000 2,21)0 16.000 2.000 15. Staff Costs 2025 2024 Wages and $￿a￿e3 Social securty costs C￿trIbUtion to defined ¢ontriixJtion Pensi￿ schemes 2.852.009 279,701 387.695 2,738,415 243.423 423,841 3.519.405 3.405,679 The average number of persons ¢mployed by the Sclw)ol during the year was as foll¢)ws'. 2025 2024 No. Teaching Weware M8intenarKe Administrat￿n 59 19 47 34 16 15 101 103 Page 32 Docu5wJn Erwekspe ID.. 18EFA￿A￿B31￿g21a2Ets￿14￿2F3(fj2D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITEO IA Company Lirnited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENOED 31 AUGUST 2025 15. Staff costs I￿ntInUed The number of employees whose employee beneffts lexduding emplo>er pension costs) exceeded £60.1)00 was.. 2025 No. 2024 No. In the band £60.001- £70.000 In the band £80.001- £90.000 In the band £90.001- £100.000 In the band £2(KI.001 - £210.000 The above employees parbopated in tN)th the Teachers Pension Scheme and a defined contribution pension scheme hdd by the School. During the year ended 31 August 2025. employer pension contributions amounted to £60.96612024 - £25,178) for these employees. The Key Marbagement Personnel of the SchCX￿ comprise the Governors and the Senior Leadership Team. The total amount of employee benefits linduding employer pension contributions. national insurance c¢)ntributions and benefits in kind) ￿¢￿1Ved by Key Management Personnel for their services lo Ihe Sthool in the year was £692.12812024 - £386.332}. Aso induded in the amount is severance pay of £120.000 to ￿ forrrw employees. 16. Gov•rnors' remuneration and expn During Ihe year, no Govemors received any remuneration or other beneffts (2024- £NILJ. During the year ended 31 August 2025. expenses totalling £856 were reimbuised or paid direcdy to the Govemors12024 - £1.495). These expenses were for travel. food. subwiption and course costs. Page 33 Docus*Jn ￿." 18EFAC¥)A4B31492142EGA34A2F3082D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Tangible fixèd assets Freehold Plant and property machinèry Motor Fixtur•s and vehicl•s ffftings Total Cost or valuatlon Al 1 September 2024 Oispjsals R8valuation$ 7,030.000 727.428 75245 (1.716) 91,560 7,924,233 (1.716) 75.000 75.000 Al 31 August 2025 7,105.000 727.426 73.529 91.560 7,997,517 D¢pre¢latl¢)n At 1 September 2024 Charge for the year On disposals 245.360 . 308.922 140.600 38.039 7S.245 46,258 8.658 675,785 187297 (1,7161 (1,716) At 31 August 2025 385.960 346.961 73,529 54.916 861.366 Net book valu AI 31 August 2025 6.719.040 380,467 36.644 7.136.151 At 31 August 2024 6.784.640 418.506 45,302 7,248,448 Al fixed assets are held for charitable putph)S8S. The freehold land and buildings were revalued by Lambert Smith Hampton. a RICS registered valuer. on 30 June 2022. The valuation vrds perfomied on a market value ba5Tr5. The Govemor5 Consider that the valualion of the property remains appropriate for the purFrf)5es of these financial statements, unless perseded by the subseqLWIt valuations of part of the property. as detailed below. On 21 February 2023. part of the property. Bu¢* House. was revalued by JacksoTrStops. a RICS registered valuer on a markel value basis. Subs8qu&ntly, Buck Hoyse was apn revalued on 26 Fthary 2025 by Fenn Wrigm, a RICS registered valuer on an open market basis. The Govemors ￿lsIder that these valuations of th8 Buck House propety are appropriate and representstive of its value as at the relevant rewrting dates. Induded within freehold property ts knd *tyth a value of £321.oc￿ {2tr24 £321.0001 that is not depreaated Page 34 Do¢￿9n En¥ek)pg ID.. 18EFAtY)A-8B31-892142EC-AXA2F3c￿￿Dj ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED {A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Flxed asset investments Investmants In $ubsldlary companio$ Cost or valuation At 1 Seplernber 2024 100 Al 31 August 2025 100 N•t l)ook value Al 31 August 2025 100 Al 31 August 2024 100 On 31 August 2011 the assets and trade of Events at Omell Park Limited were transferred to 0￿$11 Park School Educational Trust Limited. Prfndpal $ub$ldiaTIos The following was a subydiary urKlertaknng ofthe Scw: Name Company R¢gister¢d office or number principal place of bu$lne$$ Prlncipal acttvity Holdlng Events at Orwell Park ￿rnited . 06170306 Orwell Park Sthool, Nacton, Domiant Ipswch, Sulfolk, IP10 OER 100% The finanual results of the subsidiary for the year were.. Namo Nét ass8ts Events at Orwell Park Limited 100 On 20 January 2026. Events at on￿11 Park Limited was dissolved. Page 35 ts0￿$￿ EnvekJp8 ID.. 18EFADOA-BB31-8921-82EC-A34A2F3L￿2D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITEO IA Company Llmlt•d by Gu•r¥nlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19. Stocks 2025 2024 Oil stocks 4.299 4.299 There is no material ear were: 2025 2024 Balance at 1 September Amount of lump sum fees received in the year Amount utilised in payrnent of sch￿1 fees to the schcd 1A69.469 140. 178 100.000 1.488.302 1794.0321 (159.011) Balance at 31 August TTS.437 1.469.469 2025 2024 Payable vdthin 1 yEar Payable after 1 year 473.825 301.612 658.865 870,604 775N37 1.469,469 P8ge 37 DDoJ*gn Envebp2 ID.. 18EFADOA4B31492142EC-AW2W03 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2025 22. Creditors: Amounts falling due after more than one year 202S 2024 Final temi deposits Lump sum fees 56.213 301.612 72.698 810,604 357.825 883,302 Page 38 Docuson EnYek)￿ ID.. 18EFAOOA4B31-892142E&134A2FSJB203 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED IA Company Llmlted by Guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 23. StstomoDt of fvnds Staternent ol funds- current year Balance at 1 S•pt•mber 2024 Balance at Gain$1 31 Augu$l ILo$$g$} 2025 Income E¥penditur• Unre$trl¢tsd funds D•slgnat•d lunds Designated r￿ed assets fund Fixed asset revalualion reserve 4.103.702 3.144.746 (187.297> 3.916.405 3.219,746 75.000 7.248.448 (187.297> 75.000 7.136.151 General funds General fvnd 12.063.514> 4,488.109 {4.965.1871 119.323 12,421,2691 Total Unrestsicted funds 5.184.934 4.488.109 15.152.4B4} 194.323 4.714.882 R*strl¢tod funds Other 3.668 565.01)0 1300,000 268,668 Total of fund$ 5.188,602 s.OS3.109 15.452.484 194,323 4.983.SS0 Page 39 Docuspjn En¥ek)p81Tr. 18EFADQA-BB31-892142EGA34A2F30B2D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED IA Company Umlted by Guarants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 23. Statement of funds l¢ontlnuedl Statement of funds- prior year Balance al I Septembei 2023 Balance al 31 Augusl 2024 Goin (Losses) Incon￿ Expenditure Unrèstricted funds DèsSgnated funds Designated ffixed assets fund Fixed asset revaluat￿an reserve 4.273.076 3,113,329 (169.374) 4. 103.702 3, 144,746 31,417 7.386.405 (169.374) 31.417 7.248.448 General funds General fund (2.347.155) 5.368.266 (5.084.625) 12.063.514) Total Unrestricted funds 5.039.250 5.368.266 (5.253.999J 31,417 5. 184.934 Restrict•d funds Other 3.668 3,668 Total offvnds 5.042.918 5.368.266 (5.253.999) 31.417 5. 188.602 The designated fixed assets fuTrJ and the fixed asset revakJatK)n oserve represent thè fixèd assets of Ihe School held for charilable use not fijnded by restn.cted purw)5e funds. The movement in the haritable fixed assets fund represents the nel movement in the BalancE Sheet of the value of freehold land and buildings. Reslri¢ted fvnds represent donatKw and granls received by lh8 sthool which a￿ desi9naled by the donor lor specific capital improvement projecls and the￿fOre cannot be used for general purposes. During the year. funds were applied towards heating improvements to the middle school and new block, painting and decoration works. and shower and toilet upgrades. At the year end, the remaining restrided funds were retsined for sports hall developmenl project and improvements to the nursery oulside and inside spaces. Page 40 DOWS￿n Enveloylo". 18EFAOOA-8831-892142E&A34A2F3082D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED (A Company Limit￿ by Guarantèe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 24. Analysis of net a$￿ts between fund$ Analysis of net assets bet¥fftn funds - current year Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Fixed 8ssel investr)ents Current assets Creditors due wilhin one year Creditor5 due in more than one ypar 7.136.151 7,136.151 1110 370.254 (2.433.798) {357,8251 268.668 638,922 12,433,798) {357.8251 Total 4.714.882 268.668 4,983,5SO Analysis of net a55ets between fund$- prior year Unrestricted Restri¢ted fvnds fvnds 2024 2024 Total fvnds 2024 Tangible fixed assets Fixed asset inveslments Currerbt assets C￿dItOrS due within one year Creditors due in more than one 7,248,448 7,248,448 100 7,102.407 (2,279,051) (883,302) 1.098,739 (2,279,051) (883,302) 3.668 Total 5.184.934 3,668 5. 788,602 Pa9e 41 Env•lopp10.. 18EFAtN4B31492142EGA34A2F3C82D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST UMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 25. Reconclll8tlon of net mov•m•nl in funds to net cash flow from operatlng a¢tlvltles 2025 2024 Net incomelexpendilure for the ￿or (as per Ststement of Financial Activities) 1399,375) 114,267 Adju$tm¢fits for: Depreciation charges Investment income De¢￿aSe in stocks Decreasellincreasel in debttys Increasel{decreasel in ueditors Interest pald 187.297 (12.4431 169,374 (1.496) 3,700 272,903 742,906 90,428 (177,267 (231,1031 70.035 Net cash provlded byl(usgd In) •>peratlng actlvltle$ {562,856 1.392.082 26. Analysis of cash and cash equivalents 2025 2024 Cash in hand 280.002 877.860 Total cash and cash equlvalents 280,002 877,860 Analysls of changes in net debl Septemb•r At31 2024 Cash flows August 2025 Cash at bank and in h Debt due ￿thIrt 1 Jear 877,860 11.722,923) 1597.858) 280.002 281,773 (1,441.150} (845.0631 (316,0851 {1.161,148) Page 42 0￿u$#Jft Envek)pe ID.. 18EFAC*)A-BB31-892142EC-A34A2F3C62D3 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED {A Company Llmlt•d by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 28. Ponslon commltm￿ts The School participates in the Teacher5, penS￿n Stheme fthe TPS-I for ils teaching staff. Employer nlributions for the year ended 31 August 2025 totalled £Nil (2024 £170.6621. Al 31 August 2025. ntributions amounting lo £Nil were payable to Ihe s¢heme 12024 £Nil} and are induded within editors. The school withdrew from the scheme on 1 April 2024 and no longer ¢ontributes lo this scheme. The ern￿oYeeS who were covered by the TPS have been offered the defined pension scheme through Royal London. The Sthool also opefales a number of defined contr1t￿lIOn schemes for which there were employer ¢onlributtons for the year ended 31 August 2025 totalling £387.695 {2024 - £253,178)- At 31 August 2025 there were amounts oulslanding of £34,06512024- £9.608). 29. Operating lease commitments Al 31 August 2025 the scho￿ had commitff*nts to make future minimum lease Pa￿nents under r￿n- ancellable operating leases as follows: 2025 2024 Not later than 1 year Later than 1 year and not later than 5 ypa 63.946 151,7 T3.652 170.960 215.702 244,612 The followirvJ lease payments and changes ￿ lease payments have been reeognised in the Statement of Financial ACtsvit￿$. 2025 2024 Operating lew rentals 65.031 37.609 30. Connected Charlty The OTh¥ell Park School Foundation is a wistered Charitsi4e Company, Charity regISte￿d number 1070488, which exists primarity lo support the School. The GoVerr￿rs, report provides further infomalion surrounding the connected charity. Given the independence of a majority of the Foundation's Govemors. its ￿SuIts are rKJt incorporated ￿￿thIn these accounts as Ihe Foundation is not ccffisidered under the control or Slqnfficant Influen￿ of the School. At 31 August 2025 £1.461 was due lo {2024 - £7.873 wa5 due from) The Orwell Park School Foundation which is induded ￿thin other creditors at the Balance Sheet date. Page 43 DorwsvJn Envety10. 18EFADOA-8B31-8921-82EC-AYA2F31)8203 ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED (A Company Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 31. Relatod party tran$a¢tions During the year the Schcd received fees from 3 Govemors who have thildren attending the school. The total fees paid by those govemor5 were £93.144 12024.. £96.8891. A balan￿ of £20,362 12024.. È4.1241 was outstanding from three governors in respect of these transactions. Fees are paid on the same basis a$ for other students. During the year. purthases of £2.114 {2024- £Nil} were made from Teen Tips and The Wellbeing Hub. of which Mrs Lawson. a Governor of the School. is a ￿'reCtor. There was £Nil {2024- £Nil) outstanding al the year end. During the year ended 31 AwJust 2025. income of £600 {2024 - £51)0) was received from Ban8nd8n S¢fKJoI {Kentl Ltd. The charge related to standard advertising services and was calculated on the sam8 basis as for other senior schc