COMPANY REGISTRATION NUMBER.. 00795895 CHARITY REGISTRATION NUMBER: 310865 St Cedd's School Educational Trust Limited Company Limited by Guarantee Financial Statements 31 August 2025 EDMUND CARR LLP Chartered Accountsnts & Slalutory Auditor 146 NW London Road Chelmsford Essex CM2 OAW
St Cedd's School Educational Trust Limited Company Umlted by Guarantse Financial Statements Year ended 31 August 2026 Page Trustees. annual report (incorporating the dire¢tofs report> IndeperKlent auditorfs report to the members 14 Statement of financial activities (indudNig income aThJ expendkure ant) 20 Slatement of financial posrbon 21 Slalament of cash llows 22 Notes to the financial statement8 23
St Cedd's School Educational Trust Limited Company Limited by Guarantee Trustees. Annual Report Ilncorporatlng the Directots Report) Year ended 31 August 2026 The trustees. are 50 dIrrS ts the pufposes of company la. pre8errt thew reFQrt aThJ the tlnandal $ements of Ihe ¢Wty for m?ye¥ enaea 31 AJguM 2025. Reforonco and adMIntlI¥• detall• Reg15t•red Bharlty nmi• St Cedrf8 SdKd E¢thxatKffjal TnJ6t Urnrted CharSty rryl•tralon nwnbor 31 Comp•ny regtrOn numbor (1)795895 Prfnelpal offlo• and r•gL•t•r•d 178a New Ro•J offlc• Cwrnsford CM2 OAR K Bry)t JLDagg IR•¢lw•d 29 S•pt4mb•r 2CY25 R Kaw•8u Mr F Barrett GCAlen ReTend R H S Hayman F M Mafthall P Copdand Or S Peck A Mistsy AHChi IAord120251 (Reswed 25 Juntr 20251 IR8wgwJ 4 Dter 20241 IRwgMd 25 JuA• 20251 IApFdnt•d 28 September 20241 8•nlor m•n•gern•nt p•rBoMel Mr M Ck¥ke- HWJ Mr¥ E HodNala- Dwty H•th1 Mrs S Angal- Bursar Mf S Turw- Head of Pastornl Care m R Wts8VW- He&J ol Imaiww knave Feb 251 MTS L Nwll- hKtiTrJ Head ofkndemic IF•b 25 onwards) Mis A 8whanan-.ng Head ofAcademi IFeb 25 onw) Audllor E¢JmuTrJ Cwr LLP Chartered nIents & st 146 New Lond( Road Chdmsfc CM2 OAW
St Cedd's School Educational Trugt Limited Company Llmited by Guarantee Trustets. Annual Report Ilncorporating the Dlrectovs Report) Year ended 31 August 2025 Bankern 8wdays Bank 4Qk41 High Str88t CWmsfc*d CMI IBE $011¢Sto Gebjarits LLP 51 Mc¥Jrgate Lnnd EC2R 6LL
St Cedd's School Educational Trust Llmlted Company Limited by Guarantee Trustees. Annual Report Ilncorporatlng the Dlrectorfs Report) Year ended 31 August 2025 Slry¢tur•, gov•m•n¢o and man•g•m•nt Govemlng documorrt St Cedd's School is govemed by its Ajtdes of Assc¢4alion. These AJ1J"des r6vised and upOat•d in Marth 2022. The liabilty of the mertkner8 18 lunlled by guarantee. Th8 trjsiees of th8 Charty we 150 direths ofthe ccThparry. Go¥•mlng boty Thè Govtrnors Brè rÈSP)1tIa IOT Ihè CIM1 manageffltnt C¥JntNI ofthè sd). Gnl In post duriNJ the year are slvyn at the t4inniThJ ofthi8 rewt. Arr•n9wn•nts lor sottlng p•y •nd r•rnuMr•Uon of k•y rnwWgwnt TIonl R8rnyn8Tation ¢rMnrnM88 over88•8 thè rwnunerakn of tm s•Th LdShiP f•am and 8taff. Thè Govomors tonsidtr th• Sènk L•&aersNp T68rn to t• the W mana96ment personnel ol the Sthoc4 in charge ol dlrecting 8nd c4ntrolling. running and opwallng the Sthool on a day to day b8&i$. pay of the Heby 8ursar i# rovithv•J by I R•MurtiOn Committoè And th Governor8 bentskn8rk n81 pay levds other #Jepen¢Jent gcw18 of a glmllar slze hawng regwd to an InaMaU8f8 8greea 04ecMB ana F•fmnc4. Govem¢T8 gwe ol tsir timè fraY ¢K Gov•rTh)r roceNed remlrnratl¢ In tIK• ytsar. No Fwson connec¢ed ¥th a Govemcrf iecewd ary beneffts frryn the Sthd. Othallj ol Gmryv)rs' experw$ r•bt¢d p•ty tr4ns•Slons w• dlgc&xe•a In nLkn 16 to the Inductlon and tr¥knln9 of tru•tw• It 1$ ts Oicy ol th• Board to rtthjit ntrw GcNemcs th• rw breadth depth of xperience, Ime and Inte$t to cwry out rts duties effedWI effiienty to SUFVOrt th• SchoS8 aims and ambition6. Current and lormer parents are Invt4vèd 88 GcNners of Sd)ool and trustee8 gf Charity. Whèn wuiting, whefe polIe. the Gwrm comider a ban¢8 of skills and eXF•r"8e as Inlcrfrned ty the Goverrm, S.1 a1 Nthv Governors fecelve an indwtson from Ihe Chw of GoveTrJr5 and Ihe H•8d Into the *DrklrrfJB of the Schod IB xcompanied ty suppcrfting d0Cwnentat. Fther lTrforrnati Yd provideol b)rough relevant pUJeaOn$. The Govwnorfs expertise Is dtrdopld thrtyjgh parbdpatlon in Governcr8' treiniry prcgrarnmes. as 8ppropriat•, vanous woies, Indualng IS8A IAPS d AGBIS.
St Cedd's School Educational Trust Limited Company Llmlted by GAntee Trustees, Annual Report Ilncorporating the Directorfs Report} Year ended 31 August 2026 Structur•. govem•n¢• and man•u (cMthNre Ltrg4nls4tk>n•l structur• Th8 Govern$ are dmded Into 6UtK(¥nmlitees, EducBlicn Committeg. Rwnunerats"on CLynmitte¢, Govern Ccrfnmrttee and Finance Generd Purposes Commfd•• the lgtsr h8¥Ary parbrajar re6pMS511ty for finon¢•. Thè Board of C0M¢T$ and lh8 Educ8Uon oTrJ Flnance and Gonerd Purpow Committees n)eel at once a tm,' tho Rernun8ralion and Gn3 Commillees meet ¢)nce 8 ytsar. The B(th of GrrY¥r8 wt¥e repts from ts committees to de¢ermiThe the wer¥ or tho Sch>. The Head Bursar attend all GovemoTS' m8etlThJs and the Govwrnrs Invite rnember3 of the serry Leadership T•am and othoT stsff to thdr m8eting8 from 'me lo time in rKderto gain an tsndoritanding of spgcJfi¢ 8rea$ ofthe Work1r Oft Schoc4. The G¢)v•morn wponsbt4e for ibe tyerdl stratwirf and of tho Sthc<4. The daY.¢10Y rwning of th8 Schod and T8cruitrn8nt of 8taff are delegatoJ lo Head. 6UPPClt#d by the S•nior Le8der$N'p Team. The Hewj urbjortakos tha key knaderthp r8 over8edng educatlonal, postord 3nd administrat9 fttr)n$. Polloe$ procedurtss ¥e apwed ty the Goverrm. Major •xpendthJre de$8 and capital projects gre ref?The(I to the Gover1$ for prKJr approval. Thg Flnanc8 and General Pwposes Commrttee Is resp($th prep8ring Ihe annu irKome and expen(Jiture bLtds)et and rocmrMTrJing the level of schoc4 fees. a8 well 8$ tho #wov81 of thg annu81 nanc 5tstements. The Remweratw Commfftoè Is fesponsibk for the approval of Staff pay lev forthe IC41(ng audemic year aTrJ 8eWir¥J SenK)r Leadersllp T•8m Oth•r rnl•tloMhlp• The aclivety sup¢t3 the fiJrtherwKe of educatimal stA)dard$ and the qu81ty ol pastoral care ihrough partidpth.on in and 8ub8cription to umtrfela wi8810r 8ur* 88 IAPS. ISBA and AGBIS.
St Cedd's School Educational Trust Limited Company Llmlted by Guarantse Trustees. Annual Report (In¢orporadng tho Dlrectorfs R•port) Year ended 31 August 2026 Alm• and Intsnded Imp•ct The pfim8ry airn of Ihe Chwity is to the educakn of young peOe thr(ugh thè 5)rovisn, Support, conduct and m8intenarts of a day xhcol and swh other ¢4118ry edwtion activitie8 lor the benefrt of the community. Tr Sth)ol Internjs to ytyide 8 y1ng wJuEab"onal exFerieTbBe for I children, Stretchlng all lo lh8 best of their re8Fecbvg abj'¢5 in x•Jernr¢. 81ti$ty'q 8pth'ry. ujlturnl and eXtrJIrljl8r aCtiv"e$. In pursurt of this 8lm the Sdhx4 prtivid&s a very wldtr range ol sporhr and MuwC PLwsuits and excdlence is xhieved by PUFyls in many fieth. particularfy tho acadèmlc. The Sth¢ol is proL¥J of its indu8ivity ond pastrrf4 for all. Tr ¥dKoI mth'HoJd Fast That 1( 18 Good, undefpln6 the SLxf8 aThJ Thade8 scho(A life. Sthool alm¥ to.. . Ptte 8 8•cw• and émtrefimont In thr•Y3 Indlvklual •t411U¢s, tolents and 6trenOh$ we lulty 8FveuaknJ nurture . Mwntsln the tr8dibon of oxc4lwK• thrfA¥h • Ihat is rfch. broad, coherent relant. . PTorncts wlrilual and awarerw bad c1¥11n wK4pkn. enc¢yJrage a grtyjnths rtr)kIng Cts1a¢b)Utsr c4 ¢41w&. - F05t•r developnent tho cl IntW. kln¢Ms, re811gnce. dJzen6Np and s•n89 of (481 resP)l[ty. Obl•ell Ch•rftabl• ObJ•¢ts The ObJ'gCt8 Bet out aldance ith the Schts3f8 Memcandum olAs80iation as tho •ducatlon and day stheding of boys gim8 aged &11. St Cedrf8 SCW seek6 to Trfft thg putllc Ihrou9h the pur8Lth of tts ststed alrns 8nd objxlives. kn setting th¢ S¢hoof5 e¥ectfv•8 and F4annSng tiviti85 Ihè Governors h&v• gNén c¥elLA certidoratitf to the Chanty Ccthmi86ion'8 gener guldancts on pu1¢ benefit.. In pwbwlar. to Its suptlerrwtsry pu1¢ tenefil guhlBnce on Bdvwd educ8tlon arNI on lehr99. This yew. the fow8 ha6 been on the ujntinwd achievernenl of ad8rnic perforrnanct. personal deOnI and tsadded indSc8tors malntsinin9 the fees at a reLryiNdy low threshokl ccffjpared wth simile IAPS ¥tho(A8. In sellng fee6. GoverMrB evaluate Ihe impac c4 cheng? and Wh pb9. fee iThyeaBtt wo restricbj tts: - EnsLre the owdng finantial viabllty ofthe Sch)S 0& ith w alm ofpThidrg the hlghaBI 18vd8 ofeducatn and gids. .w¢J a8? to the offer at St C1rf8 set (Jbl0¢tlv•8. $tMtegl•8 and acllvttl The Sch1 c4)ntiNes forrnd 8df.reMthv8 of 81 Th5 of oporaUM so a6 to inyove Meth$ Ffocedures, p8rhcuLgrty olteaching pastal care. but addkn81ty in the process of monilcfing and 86sessing rts prrM%dures. The prr£es5 of sele¥u8Ii0n and to me8sure perfomian against Btrat•gictargots is thidertaken lere to the WcftMrvJ cithè8'.
St Cedd's School Educatlonal Trust Limited Company Limited by Guarantee Trusteos. Annual Report (Incorporatlng thtr Dlro¢torf$ Reportl Year ended 31 August 2025 .To Ltinue to 0¥8 the wjccess of the S¢wl. - To prepwe for enty to theii ekn1 ol ni •JU(ab 81 the l)est thl thty achieve. - To continuo to detthe qualty t•8¢h4 leamiThJ. .To m8iThtsin ts breadth ofextra4yJrknLqr ProwClI for . . To ccrtSnue to Wtrdldtr oxeelvrt p#strd we lor p . To on I¢466 01 the r8wtrth pr¢css th m¢ 8th1sBlon 4cc488th to th• &T cunmunty. . To ellSLre all thlken have access to T to tc(me On9 l•arnrs. . To th an actSve part IA th• Itre of QLY Ic¢d tmMLI¥ty. - To dèvèlop ftthr pot•ffjbal links wrth thal stale 8rlKds. . To 0Ur reèLtst flnanclal and infrastruo4w• pknnlng to allrw for th• d0vd0FVt ol loc1•0 In tho cwlg¥t of a 6t8ble fina po81ti0n. . To ntyw tethnc4Oqh forththn Imm8that8 * fu1we b8nafft. - To kyomots CnIj links lunth8n9 denemt olthé Cld St ¢Jd8$¢OOn. . To ansurè that parents we fLdty JThthod In S¢hofi ¢>>otyriwL•r. pa8torAI and fwe IniaVe&. . Facilltata academi¢ aTrl nlemIC admknl8tr81fft •fvl•ry. - Tg ueale 8 secufo and safe eTrOnmen1 lry Stratsglm to achle¥• th• yMe• obJe¢ti - Th?Whole DeVelOent Plon . Annual Ptofe881wl Devdopment rfstaff ¥ilh SMART and jc$S uiterta. - Evalualon and d•veknpmgnt ofthe wi1uJm. - Furthortng Ihe Ilnks and to be invd¥•J kn eI c¢mmunty wg"ect8 aTrJ th tharing Intelkthal Fwperty. . Conlynued f pupil ttha¥ATh. tourt88y. - Conb'nuéd de¥¢kwL olthe (wlity olttachiThJ and kamlng. . Soek Profn thice ther8 8ppropAale to en$* T8gulaW ¢ance
St Cedd's School Educational Trust Llmlted Company Llmlted by Gu•rants• Trustees. Annual Report Ilncorporating the Directots Report) Year ended 31 August 2025 . Revlthv pay rUcthre for staff, both teNro 8r#J (p81(18, to emurewe remaln (>)mpeUUv• ana attrac In ruftMeN aThJ retenvork Puptl numbern Pupil rcls 1$ to optim4 capgdty in moit Internst kn Ihè sth)tA ttrfrtinues tts be stroNJ. 81 Cadtts #thool muJS¢ schn Tr String Sdmo prtrdvJe8 Ytar 2 d)llthn 8 grw 1n or celki lessons free ol charge for one year. From September 2024 the StriThJ Stheme w8$ vridened tg provide Opportunrt5 for children to Irn sdvA Srtage in5trurnerrts in the brass and ryhnd f8mllies on a basls. Chori8ter8 benefit from training at Chelmsford with th• ILII SUPFQrt or st Cedrts Sehx>S in ternj tsl thè lime and fin8ndal commrtment requi for lrnnsports.ng tterS lo the Cathed. 8nd the metable adluslments to f8cltate th rdationshlptAith ryjr dic¢w Communlty Il•l•on The School ¥A)rks xtivdy vrithin tho commw)ty, vkftorn from local thLth, iw81nes. shdtered horn and edUOn018$t8tIIshrnets are ¥thmed into the sth. Thg St C?thls ool chr$ sing Even80ng ai Ine Catnetyd term. 8upp)rNng the local rnMUnIty th wcK8hlp. 8nd the Upper Sthod chryr Visit identi cafy VbJrn•s. Tho Sth)ol Mntain8 Ilt8 th 8 numt¢r of xh)ol$ Ihrwgh regar cont& And as opportunty and n8e¢J adse. Speekiw and itènin9 in#'Ve6 oFén to mntned $¢x48, and non St Ceddlan PUF41$ may tako their musk X8rnln8tlon8 schod sile. More Atle and Talented P11 days in Engllsh and M8th8 arn hoètèd on srte lor children Irorn Icul schcds as as pupmls. Th8 scho aho conb.nues to rrniL thè Ltsè of its lacili5 l•.g. The WaTtham Sln9ws, Tr Rctsry Club. Chelmsfc(d Musk F68tival), at a th"i(tsJnted rnte L¥. 8ppropriate. lry other gratii. We 8UPPOrt the d•velLym•nt ol h)cal parks wbth our htr¢ of Es$ex Cwnty Courol facilities genemling IncLme for the cour1 from the breathh and frequerKy of rlr0# Imd events ot local v¢nucs. The Sthool 8eek3 the 00¥ of paronls and carers th Parent Reprewnt8tr98' mggtin91 ond municate¥ thrOah roguLgr netter8. Th• reyutts from p8renl and pupyl sur5 • acWon•d in the ter&s olthe pUls. scw comiw¢ty. wsrtor8. Iwal rwdenis and wder publ Trnlnlng lor p•rnnts and staff of oth•r malntslned and independent •ehool• St Cedd's School W trsafety trainiFvJ for Ihe SCI aThJ wder commun9$. annual Sth)I Sthoo16 F8yre attracts 8 wde range of aCadleS. maintained and independènt schods to 8hare informatlon regaIng Ih•r edu101 proviOn wospethe secondary Scho puplls. Adml•8lon•.' Equ•l opportunltl•• St Cedd'$ School wek¢rnes pu15 trom 811 and puwlB benefft frcm amIrj vthln erse ¢ommunity through interath"on. conversation and shared exp8n"onces hdps puw'ls devel¢p an understanding ol Ihe perspectives of rther peoF4e thalwll be tal to thw"r adult IN. Pupils • odmitted by regIstratic date fdicthiny an iTrJwllon to satrsfy parents and the SclThl that Ihe thild wll be ab lo benofft from thv cdwabon off¢r¢d in fine wrth the Sthoof6 mISt10n6 Pdi¢y. An indNidual's econom statU8. gender, gender r8grnel. ethnw. w, or di5atMlity do t fom) pajl olthe msic8 w$s. We are OFP)rbJnib85 providèr And a committed io
St Cedd's School Educational Trust Limited Company Llmlted by Guarantee Trustees. Annual Report {Incorporallng the Dlrectofs Report} {¢rtri Year ended 31 August 2025 rkjng trOnmen1 that is free from arty fi¥m of dixllrnitiation. The School makes reasonabl• 8dlustments to meet fft• noeds of pupits are. Of twno tCL¥ne, diSabd. The SENDA V8n 18 ulaty revv4J to wlde te$S kn the s18 farbes. SuFP)rt in the form of a Burnanes and Hardship Fund 1$ avai18tAe fry thosfr vAshlNJ to Attend thè Scod but otherwse are un8bb to pay the fees, u lor those rrent PUFi18 a change in larnlty ryrwmslarKe6 IfrAir abaty to at ihe SLthl. Tlthe M¥hiThJ to te clJere4j for bJrs8ry supptyi are Tequir•J to Compts a Bursary applicatkjn "ng full detail? of Iheir finer1 $iluatitin, suppthd ty cfflb1.n ¢SJaJments. Bursary aPptiOnS are 88608séd by indgpgndgnt third pgrty rnc¢xmm•nd * r•rniBBion on foeB accordln9 to th dl8ns' to fill fees. A thsh)n 1$ mo¢Je by the G¢)vemors based upon thlB ind8pendtnt rnport Ihe avwL8tx"Iity ol r$ary lund? to ts Sclb>Jt. Burwy awards am subièet to the annud te8llmg of thè guardiarffj, rnear. R•furbl•hm?nt Thv Govemor¥ cortknue to Inv•st SLthlarthl eurno Ihe Schoofi bJHdng5 a c4Yrtinulng ogramm• of relwbJ'JhmenL de¥ebpment lnvo8trrrt to maintain excellent toaEhlng tscilitig¥ fcf r pupi16. Recent works itude the reluth'8hment and imwfftd insulab'on of Dance Studio )d Sthool Shop. floorlng In Ltrr Schod, lh• upgrnde ol an old c¥JtbuihYing lo mu( neded $10rag¢ sp#c•. impyoved outside ligh9 ¢he 811e anLI anCed CCTV tge on c F4ayground area. In addilon, actions have been taken bas•d UP a rarye of p4rents' and pu16, rettffjrnendations from the Paront Rtrpresontstiv. SL*ool C¢yJncil And Food FONM meetings. In Juty 2025. the Sth)c4 pw¢hawl St PhilliF4 Prhiry, 178 Lth)n Road. as part of th8 str81Oc m to develop ltte muslc ymion at Ihe School. This building wll be refuth8hed and int•rnally rectsifigured to provlde a Frorn Offie• and admitraINe hub lor tho Sthool akn9BKle 2 MUBIC teachlry d888rcthis, 8 MUS pracbce rooms SP In ch8pd. Stth•gk rnport report ollh• charity.
St Cedd's School Eduratlonal Trust Llmlted Cornpany Llmlted by Guarnntse Truste8s' Annual Report (IncoTporating the Directorfs Report} Yoar endod 31 August 2026 AChiwgmts and p•rf0mn A¢htgvemts and op•ratlonal rfornn of th• Khool St Cedd'5 Sch4 continue$ to nourish bcth in8id8 8nd outshlè thè da#srtpJm. Our Pp around care prowsi¢Ji, Indudlng breakfast thb, TLC after dub and a broad range ol adNibes both durin the school day and after s(rxS. have erBured 8 ¢))nlinL& frx)Js on the edLtcation and development of the tho18 child. Durirs the las¢ year there has b88n a fr on the qualty of curri¢ulurn 8xrienCe for the ¢h4dren at st Cedrf8 Schod and Heads of Departm• wled ¢yJt ot eKh year group's JrrkAJlum to ensure Ihat teaching was effethe. b.me effKaenl apPrOprte fry 218t Century Le8nrs. St Cedds Scwl has teen os 8 & Lryes Sthcd of ness. Sl C8dds Schoc4 hBS 8mblded th8 Wke ENxhEd oJrriJJlurn 511 thildren In Year6 1 - Chikjren are given hall termw opwrtunths to tske pwt in a normd Primary S¢hJoi urrkAJlurn wkdth lyoadty fit into fve diffgrant argjo '. ' arg L8adeTr'. We arg Arb'st$', 'Wg ore Inrthialors", ar• CitOn8 of Ihe Worfrf, aTrJ Vl• Aro ne$S Championts" This inMvAtive approach to teachlng. 'Nurturing youro minds, one discow at a tlme.. ensures that thlthen al the Sdwl 8Te able to exper¢ and (Iwdop $kdb Wond fv da5sroom, rang8 of dlffer•nt fieSd8. •nd k••ps St Cadd• Schcd attho lor•frort ol Mi8iic prIM In the kxd are& were awwdgd the Soil A$8Coabc'¥ Pr>J Lif• Slfvar Schc¥J¢8 Aw¥d In Juty 2D23 and puplls lake part In ettng aclmtles al 1&88t Cce 8 twm. In addltK•n we have a¢8Ve0 tha ECL) S¢od8 Gregn Hag Award h r ol ow SlnbIl tiaV Irdudhig blrlvlng GdonlTrJ and Eco Clubs. Pw118 conllr4Je lo excel on Ihe Ipryts fdd wlth In •vimmlrfj, h)QY)l and Iv>thty competibonj. Tho st r•naln&l n•¥ Its opb'md eapaoty Ihrough(Art the year. The a¢ademi¢ of oyr Yw 6 cotKrft w8r•. once again, inttedibty Imwesthe wth 17 ChIreD ¢)ffered p18C•8 at grarnmar Khool& wa Ihe 11+ rtanc• eMInrA)rY1 and 31 children being cfved at kKg1 ¢pethI Senb)r SclKd8 vAlh 18 of ollers ha¥AThJ 8chol8r8hlp8 Bswalgd wth them. A8 tver. •r• kn¢r•th WOIMI ofthe bre&th of xtivthes and OPF4xknhx8 on offer to th• thiltr•n In the School. Al chilter ha¥e Ihe oppOrty to tsk8 part in ABRSM and Trinrty Cdlege music •xaminBtion5 wbth a large number of Inese xhleving al knt Gradè 5 stsndard or hightr, some excelllng to GT8de 8 on ¢he recu¢Jer and Sevwal athi8vry Gra• S MUS Tlw. P&thapalion In our choirn and MUS hos been excelenl and regularty win trophies at Iho Chelmsford FeslN81. Thtr wrthase of the St prullip's Prfcry bulk 711 greaty imwove thè MUS education facililles of the Scool wll ensur8 that the hwJh stsndard5 01 muwA we fwtr d¢vFed Ch•rftsbl¢ •¢tlvltlo• We have hod a 9ood yeèr chariiable aciNe$. with dtynatttsns to MAcffiillan, the Scouts ASSodaOn, Hospice. Royal &itish Logirrt Hekn R¢la$c Cancer Charity. 8A Can(8r Research. the Children's Socty aTrJ Chelmsl¢xd CathedraL
St Cedd's School Educational Trust Limited Company Llmlted by Guarantè• Trustees. Annual Report (Incorporatlng the Dlrectoes Report} Year ended 31 August 2025 FInGla1 r•vl•w As a charity the parents of our pupils have Ihe gssurance ttt all the irKxyne olthe School Is used for edurAion81 purF4)8es. the rfftants beneffts recefve from taK exemption5 are an appked fr)r edu¢ional purF¥)stt. A8 in prewu$ y¢ws. the sca 18 on ts Incthxo Irom 6chocl 1905 lo delNer on its educational alms and obJ"ecaNes. The IMpt of the eJJrr•nt ecrmmk erNlronmert the orwlng wesMNe cth incomes and th8 impc4ition ol VAT on Sd)001 lé85 frorn 1 J?nu4ry 2025 wnbnue8 to CaU8e uncertalnty as to futurè pupil nurnbws. Atthg rn• of atwowg th finanud statements. Schtr h88 not bean nolified ol ary mat•rf•l r•ductyon in prospocb've pupll Nmbars rdgtfve trj tho•a the Sch)ol has u8eil ler the purpDse5 of finla[ rnc#Jelliry INeca$b"rrfJ. R01¥•¥ poll¢y The re8•N•8 d th• S¢hoo1 ore r¢pre8enI ty Ihe unrw1 fund8 In Not8 23. The totsl nds h¢kl by the School at 31 Ul12025 amountèd to £8,803,216 01 £7,701.263 represents unresiricted gen knd5 and £1.101.953 repr8serts restrIcted revduaith rèservg. 01 Ihi$ totsl £259.99012024'. £1.238.7cei reprftts fyadlty avaibt4e lund$ are totsl fuTras 0xdud1 thè e8rrying wThount of fix assgts as at the bance sheet daté. In comrnon wlth mc4t iTrJepend•nt the ScMd'$ ww¢•thc•J rewve6 are primarity Inve8knJ in lan9ible ftxed 888ets. WCh ar• all usgd for direct chantthe activitk•s. Th& Scht¢)fs finandsl vboblllty (k5 not depend on irKome resems bth ¢)n its akn'lty to 'nu8 lo trade at a surplus on an annual basis and on Ihg fixeil 8Bsel$ hdd OWffn81 use. Thè 15 to bud9el so 8$ lo provmle Buffident yrkIng ¢4tal to meel prewt needs f(rtwe devd0pml rty]uirerngnts of the The Govemors recogni88 that thg l•vel of re6Ths I1jateS thiTVJ perlTrts of inveslmenl In th8 S¢hod gBtale and are 88156fied that wemgl fww¥¢¢ I"e9 are 6uffident to pmMd• ln0 Cvital and an adequat¢ safety net for Ihe Sthcd. Inv•4trn•nt poll¢y and obj• TStr gwned by the ol AsBffA8ts. pemirt3 the fur$ t¢ bo irNe8tsd al the "Screti of thè Beard. arry funds • invested w dePrt wlth the Sctteol's b8nkerg and Olher bank8 to rnaximha thé felum on theee fuThJs at mlnhn81 ris Propvrty royalljOn In 2026 the School appnted an exte1 v4uer to appN88 the Sthool pyoperty and SLool Houso to delwmlne a far value for the rryerties. The Iwr vdue wa8 cdculated to be £6,900,rKIo for the School srte and £350.WO Scc¢4 Hou68 wowty a¢entIO the Schx4 Sit In 2028 the Schod 8150 appointed an extemd vJuar to appraBe (he Priory proporty to determine rnarket Value. Th•fairvduewa8 ulated to b& £1,20J.OCK) for the Prhyy site. Schc(4 prwerty 15 suiFct to a Dee(1 of UFthft made b81n Servite Sbters Trustees IEnglish Provincel and the SC01. Ifthe woperty ever sc4d for n¢Tr$cIK) prior to Apnl 2028. thg SGhoDI mLtst pay of tre upltR in vdue from tts Origin transfer rxice agreed in nI2[1)8. The value agreed for the transfer in Awl 2028 was £1,849.944. 10
st Cedd's School Educational Trust Llmited Company Llmlted by Guarantee Trustees. Annual Report Ilncorporntlng the Directorfs Report} Year ended 31 August 2025 Plans forfuture perlod8 Aim$ ond key oble¢¢lYe• lorfvturn p•rfods The Govamofs intend to ccntinue th&'r current stratew of m8irtsTning the Sthoofs posllon In Competve market ty investing In high Qu educati thg pupllB. An eqUIte bglance is rnaintsiwd ensuring our rrent pupiL% tenefit fiilst. at the SBrnè tlme. ensuring 8 sound Infrastructure and fi.nar& ba8¢ we preseryed fw the next gweration of Wkxls, in the samo way as ourcurr8nt P1$ b8nefft today from th8 irNgslmwt rmt. The priniypl Wn6 inc4ude.' - malntw.ning the SC)1 rol at optima capac. . eaLgncing 8C8¢Yernlc achievernent th1oh maThtsh)ing a sc¢p foT development of sporbng, creati¥e, liryustic and scoal. &8 as academk Skllls. . Thfr 01r•w 8ehL4 I14 kn acttxdance %th148l requwemen . New devdopment to hmprove th8 taacknlry fwjths ollernd by t Scltti Prud1 mgerneDt I11 wth the aim of frJrIr enheeMerd of edw&tthFJl ¥•• omd mggtiThJ Ihe ever-chann9 education dwnwKls ofow Society. ha$ been made in.. . Devdoping luther link8 and Plnershlps wth otr thg cornrnunty In 81 music, Bport and th• wovJBlon for thè rncét able.. - Encouraging pupi, staff, members of tm Ixal communty ¢Jitt4r gan[all9 wjth 88 c4Jt4 and local maTTrtained schooL to benefit from the ofthe srI lau"MieJ'. - Usmg local 8iyFIi to )mornY and to Imwo¥• tha waiity Of tm twh fQX 8•Ned Al tho School. The Schocl 81ms to maximise (fWtunth8 for 8han.ry b96t wacc• wrfh th• maintained sxtcf by oppOrtleS ts loc Mmary to rk h pyiner6Np St c8$ SthoJl on Int projects. workshops and gvenls at the Sch)d. Prfn¢lpal rl•k• and un¢•rtlnll•• Thg Govamori manw thè risks to the ScPthl have Irnrknen u)ntrr48 SLIth 88 formal agendas for Governor meetin. delaifed twms of r8fwènc lor all c0mrrritt5, a dèar deveh)pment F4an. detailed budget monitoriThJ and mivw. dear finandal ddegaUon, regular r6vth of WTitten pdki8s and dèar $8leguthrYJ procedures. The Board ol G(NemS continue to keep the School'6 aLIMtE5 miew and rn¢Mitor the effKtNeness of the system5 of inlern wntrol¥ by whlch risks are Jenttfied. On Y6 tsken to mitigale thoBe fisk5. Thè formal risk marwgement pro$5 1$ revhvwed on an annual basis to tnlurt that All stiategK risks are k1enlfied. although 11 is reccgnised tho1 systsrns t4nnot Fmlde 8bsdute assur that dl possitAe risks have teen listed Th•r• were no serious irrident$ or oLlr matters Te18tir@ to the Schtsjl ¢)verihe provir8 finamal year thal the Sclp)ol ne8ded lo nq to Ihe allentn of Ike Chth commiss, and t1 ar• UJrrIty no seriws threats or risks to the d)arty'S benth'wes, semces, assets w repulation. Sthoofs SULXXSS 1$ IM4t on tt8 repulaton for Ihe ethKatson and ofthe puwls. The
St Cedd's School Educatlonal Trnst Llmlted
Company Llmltod by Guarantee
Trusteos, Annual Report Ilncorporating the Dlrectofs Report) fc
Year ènded 31 August 2025
Scoof8 viabllity 1$ rdiant M the rthl relleds fts str(g repulation. Govemors we
conscou8 tn& pa$t pertMare In Marn KW4 numDen be dtspondod upJn
to attraLI pupils is accordiThJty klenlifd 88 a risk PwtilIr alIen'On Is p to m8rkekn9
puwl recnrritment In mitsJalon, a$ as minim1 the rlsk to SthoolB repula'on du8 10 8dver8e
PU1(ty.
Tru8tees' T•SpOlb1ImIM slat•m
The twslees, v) ara also drectors for th¢ Purp9 ol gjmpany Iw. are responsi8 lor preparl
the trustees, rw the finMncKal statements in azcfdanco with applicab I and United
Klngdom Accr11¥) St8ndsrd6 IUrthte
St Cedd's School Educational Trust Limited Company Umiled by Guarantse Trustees, Annual Report Ilncorporating the Directors Report) Year ended 31 August 2025 The trLfy8tees' annval report and the 8tr* retK)rt wwe apj Iq...Mrf..Icl6and $I9ned half of Ihe boaTd of truslees by". G C Ajlén Trustse 13
St Cedd's School Edueatlanal Trust Limitsd Company Lirnited by Guarantee Independent Audttorfs Report to the Members of St Ced(f$ S¢hool Educational Trust Llmit•d Year ended 31 August 2025 Oplnlo We have Aud6ted the 8tstements cl St c6 Sthoot EdwatK)nal Trt Urnrted (the 'charrf) for Ihe year ed 31 JguSt 2025 whKh comF4W ststgment of finanryal a(JJ"vities lincludlng inctte and eXPrtUre acntI. statemerrt of finwal pOsj0n, siatement of cash flcms and the rebted notes. a $ummy of wgrllfirnnt occountirJ Wiies. The financL41 rewting frarnk that h8& been awied In their wewaik)n 18 8F¢4KatAe and Unrted dorn Accounfjng Stsndards, Induding FRS 102 FinwKial Repth"w siaNlard appkcabJ8 UK and Reput4ic of Irdand (Unrted lQngdthi Genoralty Attemed kcounUTrJ Practs"cel. In our OFIon the finaal slat•ments". gNe a Ir and fJr of 6tat• of t 8ff•n a¥ at 31 Aw8t 2Q25 and of it• incorning re5wrcoi apF4ubcn ol reJ[c¢s, irKJJfing 6ts irtome and wenditwe, lor the year then ended,. Accounung Prad'ce., have been pr•pw•d In the Twulrement8 01th8 Companlw Ad 21 8••1• lor oplnlon (ndUCted our audit In accOrdar8 IntemalS)rd Sta)dBrd$ on Audth'ng (UK) IISAS IUKII a)d applic4ble law. Our responsitrflit$ under those standards are hJrther dèicxihBd In the audllofs r88ponsibilTties for the 8udit of the finan0 slalements wbon of c4x reporL are i10pOndent of Ihe ch8rity in accordancé wth elhi¢ requirements th 8r8 fdevant lo our 8udrt ol the financAal Statements in Ihe UK indudir¥J th• FRC'$ ElhKal Stsndard. anLI have fulfilled our olher ethlcal re8ponsibilrtw in accLJrdance wlh theBe requtrerntl. We Ihat tho ud(t evidence have oblained li 8uffident Bnd appropriate to Wde a ba.8 for c4ff Conclu8lon• rel•tSng to gdng conc•m In aUdffj firwnrJ81 Jtatements. I50v• CO1)¢d Ihat the trustees. U8# of th& Ong conc•m ba$18 of accounyw kn the pr8paraOon ofts 1th8Thl 61atamtAts 18 approFth. 88sed on the work have perforn. h8ve not identified any materiaf urtèrtalnties relating to events or tondlti0Th5 that. lndMduty or cdlÈ¢fv¢ty. may cast signrftant doubt on th& tharity8 a.Ity lo tTrUe as 8 going CLrKern tr • 01 at months from tA) tho financial Statements we 8thhorfsed for k%su•. Our respJWkniliti•s an¢J resFxM1rt of Ihe trustee8 With respectto gthng t¥n¢em are degcrtbed in rdevant M(c¥)8 of this rEF4iL 14
St Cedd's School Educational Trust Llmited Company Umlted by Guarantse Independ•nt Auditors Report to the Mernbe of St Cedd School Edu¢allonal Trust Llmited Year ended 31 August 2026 oth•r Inf)rmon other Inl¢mialhJn ojmwtses tho 6nfomiation ied In Ihts ioptrt othor than the ffinantial 8talement6 aThJ our aJitc¢S rewrt Ither1. The trustees ar8 respMsibl8 for Ihts other informallon. Our opIntc on the final ytatem8nts does not cover the 0th8r inforrnati and. except to the extent othwwfits expkuty statoj in our r8PNt. we do express any fNm of855urarKo ?610n Ihweon. In conneclKsn our audrt of the fin8ndal statements, rnsponltAIty Is to read thE othèr inlormats'on and. in dc4'ThJ 80. Mrer elher the other infrymatson is mateTsoIty Ior)siStenI wth Ine financial 618tsmonts or pur knv•Aodg0 obtwned in lh¢ audll tx +>th0e appw6 lo rnatertally m15Statsd. If idtrffy such matorol inconstènaes rnaterid misstAternonts, wo aro required to determine whellw the * 8 Malw mlss¢atement in the finanad statements or 8 MOten mi88tstement of the other informatK)n. If. b88ed on we ha performed. we coN8ude that the IJ a makn'al mllststsrngnl olth$ ollw infryrnati. are requtrgJ to rgP)rt Ihat fL to r•Frf inlhbj rrfard. Oplnlom on othor w••¢rfb•d ty th• Compan1•• 21 In our Onon, baled on theKYk derten in the c(Kne ofthe the Inlom)atk)n gNen In the tj$t. reF¥)rt for the fin8nd year ts vthlch the lknandHI 8tstement$ are prepar•J 1$ consistent ilh th8 fina[81 Statements,. and Ihe truste•8' f•FQrt beqn kygpared in occrydm a184• Wl Matt•rn on whlch we ir• r•qUIr to fvport lyy •x¢•ptbon lrt Iho Iwht of iho kn¢>thod90 and understandin9 C+f thanty •nd it• •n¥Yonrnent sn the e ofthe 8udll. we have kler)tlfied motwK?I mis8latern8rts hthe truBto•¥ f•WI. have nothing to wLvt in re8pecl of the Idl1r M11$ h ren to th CLYnpanlo8 2006 requir¢¥ u$ to reFJt to ytyj W, ui our opinithi.. 4é¢qLte &ctcoJnting r8C(rts hbve nol tttn kepL rrtumo •Jequpte for wr audit hw• not been recthed frcln bra0$ Vrted ty UB., rtth disctcwes oftnJSt, remunwthi ¥Fedd r*)t made.. c we havo nol rot•N8d all th• inlorm8uon 8nd fry audll 16
St Cedd's School Educational Trust Lirnitad Company Limited by Guarantse Independent Audltorfs Report to the Members of St Cedd's School Educatlonal Trust Llmlted {conth Year ended 31 August 2025 RMponslbllttl• t)f tnMt••• A8 explained mor• in Ihe trusl886' feBpMIt4l.es statemèn( th• tr[tsta Iwh) are also thè diredors for th8 purp08e8 of CApanY I) we for the prepafats.on ot tha finandal statarn8nts and IDr s8• that gwe a trug 8fKI fw'r view, and fw 8uth in¢ernal trol 88 the trustees determine k8 ne¢essary to enoble the preparafi of fina ststernents Ihgt are Irgo from matorial misstatement. vknethw lo lrnud or errcfj. In preparing the financial stBlernents. re5pwsle for asse8wr@ ihe at411ty to contirtutt as a going cone•m, dlJdoaing, albI•. rnattern rd•t•d lo png concern Ing the golry concern basis ol acCntIng UesS the bustoes ether Inl¢n¢J to quIat¢ th¢ charty cv to ¢e8ue cpwalcns, or hgve Th) ahgrnat but lo 80. 16
St Cedd's School Educational Trust Limited Company Limited by Guarantse Indepgndent Audltorfs Report to the Members of St Cedd'5 School Educat]onal Trust Limited Year onded 31 August 202S Auditorf• wpon81lyo05 for the a14 of th? fin1131 •tsternen arn to ¢bt81tt re8sc4)Èb aswr9 ab¢ ¥theU)er the st8tnents a8 8 ¥e free from matertal rnisststemL whdher th to fraj or errcf. and to i6sue an audi¥ rep(1 that KJude$ our opinion. Rea¥onabla asWrsn r8 a Iwgh levd of asswa, but is not 8 guarantee that aLJrt tenduthd in (¥dance ISAS (UK) ill dways deted a materi misstatement then It exists. Mlsstements can arise from fraLKI IK wr(¥ and are ¢xwider•J malerid rf. Indivklually u In the aggregats. they could reasonabty be expethd to in1lue• Ihe emmk d#)8 of uws takèn on b881$ of Ih8ts siaiom&nt8. Irregularlties, Snchjthw fr•A. we i118$ of rwrnF4l v&ith IM and rggulation& We dgjign tedures n li vthh OLf reSwslIrtWs. ouuinod abovè, tts dèteLI misstatements In respect of irregulariliei. IndLb Tho extert 10 wocdures ar& capabje ol detscting Irregulwlles, IndudrJ fraLJ li detsled bdw. Our approach lo [dtify9 aBSe$ the risk¥ of mattr1 mh8tattsmt In r•sFrtt of Irregtsitw8. induthro and nOrcoMpl wAh lap•ts and regdallon8. as fr41uws,' Th• $yemen1 pariner reA at thg erffjagemwrt team had thè orwrfat commence, capabil+bu and to hlèntrfy e< rOgr¥ appllcabk• law8 and reguk8tion6. We fed on wific la 8nd reg80• ¥thl¢ n$kje 8 dkect Mat81 glfect the flnanod 618¢ements u the 0ra.S Icy Ihe ¢ompany. irtjudlng the Cempanies Act 2006. ta¥ legislatson and d anibbnbw. omF¢)Ym&fi£ •nvrnnmort and health 8TrJ W8 au68sed the extent ol the IM and rngulalon8 Idonfi8d alKNe lfvough rnaklng enqulrtes ol man8gwrwt Id¢rrtrfied18ws and regulatrcns communlcthd wth Aud tM rnDularty team r¢rnaln•d of Instan of ncwmF4im Ihoul tho We 88sessed the 6u8cepbtrlity d the tthmpanys find1 8tatemenls to m•t•rial mb8tstèmèn( I1lUdIng obtoirrirJ En und•rstaW ol )W frwjd mlght Lwur ty., Making enquines of managwnvrt as lo wFre I11 COnd0d wa8 su$ceptsbJ'lty to traud, th•'r kn¢wAedg• ol acttwj. suspeded and **ed fraud. CorsBldering the intgmd contrc4s m FI6 to mibgalo ts ii8k• of fraud and n-rnPlI¥1x wlth 18w8 and regul8tions To athjress Ihe Tlsk ol fraud ttwh Lxntrol8. IW, Performed wocodures to identsty arty or rdaticftshlps Tested jownal entries to hlentify unuwd trans&#K) A$sed whelhorludgements ond 8Y4umptiM5 m>J8 kn detemlrlra Its Unting 85tvnales 17
St Cedd's School Educational Trust Limited
Company Llmtted by Guarantee
Indepndènt Auditorfs Report to the Members of St Cedd's School Educational
Trust Llmlted (Co¢)
Year ended 31 August 2025
were indicatNe of Potent bAs.
Investigated th¢ T*wal• bth"ThJ 8w4fic4ntor wusual trartsx
In response to th& risk ol ¢rTeguL8ritses and rnn
St Cedd's School Educational Trust Limited Company Llmltgd by GuaraDt•e Independent Auditofs Report to the Membern of St Cedd's School Educallonal Tru¥t Llmlted fGrythw41 Year ended 31 August 2025 cornrnunlcate wlth clwged vith 9)Vr rewdlng. alr9 ots matlers. the plan scope and tsming of the audrt and swJruficant wjdit firKIiTVJS. Id1J any defKaewe8 lthm81 ccthl that identfy during wr aud i9 ol gur report This rewt made sdely to Ihe d)wrtfs membtrs, tt * t. in thxordkru Chaptw 3 of Part 16 of the Companie8 2. Ow wjtht WO has been dertaken so that we m state to the th8ritys rnembers Ihos• rnattern are r8qLrired to stste to them ITh an 8udrtof8 report and ts no olher pwpose. To the fullest extent F4rmfft8d by Lw4. do not artspt ry 8&4ume r88ponsibilty to nyone other then the chanty and the cWtys nMberS as a boty, f¢x tr art work, for this reptrrt, or for thé Wnh)ns hw¢ S A Morrdl IS•n)r Statulory rtorI For bettaff or Edmund Carr LLP Chartorèd Actntantl & Slthtwknjt 146 L(On Road Chelm81ord E6sex CM2 OAW 261osl Zo£
St Cedd's School Educallonal Trust Limited Company Llmlted by Guarantee statement of Flnanclal Actlvltles {Includlng Income and expendlture •cGountl YeaT ended 31 August 2025 2025 2024 Totsl lund¥ Totd funds Inconx ond endown•nts charite 8Ctvilies Other Iradiry zctiwtsos Investment inwn? 4.597,637 4.848.361 66.152 76,9e4) Totsl In¢om• 4.740,656 4.778,453 EKpendtture Expenditure on Trlskng finds.. Costs of nanc4ng Cos¢s ol other tradirvJ Expenditure on Actmtses Totsl •xp•ndlturn 1574 48.141 10.11 4,350.680 1.949 44.972 4.469.941 4,400,395 4.516. N•t ltteom• 340,¥1 281.691 Oth•r r•cO0nh g*lM Ind iou GTh5 from reY8lua¢ion of fixed 888et8 2.281.111 N•t mov•m•nt In fvndty 2,601,372 281.591 R•con¢lll•tlon 0¢ fund• Tolal bjnds brought fon¥wd Totat lund• earrl•d f<)nward 8.201.844 5,940.253 8,803,218 8201.844 The ststgrr@Trt of fin8jaI8¢tmthè8 Iud•S am anol rocognl88d In the yew. I Income and eXEIrtyre dulve fr confjnur¥J WAI88. I Irwme and exp)dur• IOT bth yw18 wrfe6tr1thJ.
St Cedd's School Educational Trust Limlt Company Umlted ty Guarantee 8tstement of Flnanclal Posltlon 31 August 2026 2024 Flxed au¢t• TangitAe fixed 8$sets 17 8.543,226 4.,138 18 53,195 19 1,322,977 1.444,855 83,410 147,849 3.078,L Debtor$ at bank 8rKI in haThJ 2,820,827 3,289.322 Credknrn: amounts f•lllng du• vhthln ong year ¢urr•nt u••ts 2,42,087 1.980.3e6 328,740 8.871.6 1.308,956 6.272.Cq4 Totsl aM•ts1••8 curr•nt Il•bllllle• Crodltor•: am<>unts falllng •ft•T mofv th•n <)ne year 760 70,2XJ e,201.B44 8.8216 Fund• ofth• ¢h•rSty Unrgstridod fvnd$'. Revu31t0n r•8er Other ultridg3 In¢knd 1.101,953 7.701.263 8.803,2fe 8,201.844 6,201,844 Totsl unrestrfctod lund• Totsl ch•rlty lurKI• 8.B03,216 6,201,844 Thg¥e finan ststements have teen prepar•d In ¥th the JF¢IKabl• to e¢rnpanl gUt4ecl lo the mgLlum Cornpan regime. e8e fin81 Blo1gm8nts approved ty the t)#rd of tru4t••8 and a)rbed lor l¥¥ue on K 8ry*)t Trustee GCP
St Cedd's School Educational Trust Limitod Company Limited by Guarantee ststement of Cash Flo Year ended 31 August 2026 2026 2024 Cuh flo Irom opwatlng acllvllha Net incorn¢ 340.261 261.S91 Aty"ustmenls tr. DeprKla1i of tangible fixed 888ets Other inlere5t rece848 8nd $imi1oT Income 19.6fM) 176.wl 115,995 163.9401 Chan8 In.. 8teek$ Trade and other d•btorn Trth ark1 other Crt 10.215 4,gJ7 11.175,1281 131.CQ41 506.213 1,418.210 1371.7901 1,728.637 Ch gen•rat•d from wrot Intsrest recefved 63.940 (294.8JJl 1,792,577 M•t C4th lu8•d Inyfrcffj QF• advth8 Cuh 110 IMM Invullng •cll¥ltl•• Pwch48e of langible a88•ts Not Cash utsd in inv••tlry a(ths 11.338.578) 11,338,578) 15,4WI 16,49Jl Ngt Ido¢r••Mllln¢rnas• In cash fftnd ¢qulv•hnts Cash and cajh •qulv•lents at b•glnnlng ol y•ar Cuh and •qulvalents •t end oly••r 11.633.408) 1,787,087 3,078.C63 1,290.978 3.078.C63 1.444.855
St Cedd's School Educational Trust Limited coMnY Llmlted by Guarantee Nots8 to the Flnanclal Ststèments Year ended 31 August 2026 Gonor Infomiatlon The Larlty is a t•fft and a wvate rnpany Ilrnrted by gu8rant•e. regi5ter•d In Engl8nd and Wdgs a registered city in Eryjland and Wths. Thè addrnss of the registered Offi 18 178a New LLth Roa Chekn¥th. E8, CM2 OAR. Z 8ta1om•nt of compllane• Thtte financial statemrtY ha¥e been wep8rgY ln compJranc8 v•lh FRS 102, The Financial R•ptyttng Stan¢Yard awicable in the UK 8nd the RepU1C of Irdan(r. the Statement ol Recomrrended Pracb"c8 aprA1¢a0 Io tte8 prgparino Ihwr •cctyJnts in •ccOrce with the Finanual Roportin9 Standaro app11rae in the UK * RewtrAic of IL9nd IFRS 1021 ICharili88 SORP IFRS 10211 and the cC¥npani AL# 2C A¢countlng polkl B••ls olprnparaNon The fu)anrial statements ha%ry been rtspargd on Ihe h13ttrm cost bas1& a6 modified by the revulon of rxrtain finanaal assets and and Inv•¥tsnent woperties meayurad at f•lr valtse through CoMe er experhyiture. Th• ffin81 statem prtpar•J In fvd)18 fvOal of thg antty. st Cedtts Scw Tt megts the definttfvjft of a benofft entity FRS102. Taxaflon Th¢ eomp4rry, a dWft&t rialkn 858èsJmenl to ta¥•tion w ft8 reaurts to the exlonl that Ihe¢o are aP4j to Ns thanlable obj'eth. Gotng ¢onc•m There ar• no Materf Urt$e5 th• clwtyi atrflty to conknu Fie•hokl property Fre¢hold property li ifiillalty its>ydtd 8t ojst Indudes pui(88e 1ce and any dkeG affrfbutsble expenth"ture. Freel1 propeny i% rev81 to it8 fair ue at exh reporttng datg any chonges In lair Ve we reco3niW in rev4u8licrt resw¥ts. Ifs ralkn measwe ol lalr is no loryèr av. able undue co8t or effort for an rtem of Ireelb)kl proFerty. it sh1 be tr8Thsierned to tsng( a5sds trèated as suth until11 i& èxpected that frdif v8lw wll be r91iabty [rra bH. Pen•lon pt The rnak#¥ ¢bu$ to bcth defined tth8fft and dÈfKJèd cribUtiOn 6d*me& Further d&tlS can be m rbXo22.
St Cedd's School Educational Trust Limitsd Company Limited by Guarantee Notss to the Flnanclal Stalements Year endod 31 August 2026 Judgements and 8our¢e8 olestlmathjrt une•rtalnty The preparation ol the financial stat&n&ts r8quir85 management lo make judgemenls, eBtimates and assumpuons th8t affect the (IMI$ reported. These estimates and jLtyJgemert8 Ar8 wnty'nualty red and ar• based w experim ther facaors. ijU expe(laUoM OffUtu event$ that are to be re8$t L¥vJer lte drOJmsl2r0S. Fund a¢counllng UNe8lrlthd ftJnd5 c£rnprise of the alMU10d sws on wwal lund8 that are avallthe fc U8e at the di8(ets"on ollh• truths in furth8rar ofthe ol1othveÈ ofth• Charty. Restricted funrls are fLmds to rnThYrtion8 impostha by the donor. The funds aro net therèfore avoit8ble for the pwforrw Ch8rity other than that iptrifiod ty the donor. Ine¢irnlng mour¢ Al irKoming resource$ Ore Ided in the staterntnt of finandd arvib89 vthen ents"lemoni has P8i$ed to th¢ charty,. rt is k¥ebable Ihat th? economic benefrt8 aSSOt418d the tran&on 11 low to the Gharlty and lh8 am(¢ w lje wew mwured. The folrg Bpecjflc p)fd•s are 8pplkgd to partth¥ ol Srtom•.' Irmmè frcffi donotÉws or LI rttC9)d Ihgrg18 of enUU•rnenl to the recdpt li and its amwit be me1wr1 r•ltth. 1$ rwnisedthen r•ct h probable and ent 18 e8tabll8hed. ome frem donatsd good8 A rn•ad Bt th• fwr vdue ol the goods unlès8 th1$ 16 knpractKal to m•A8ur¢ r¢littbty. in the i• derived from tho co8t lo th• 4on¢r or the estimated rtss8 v4ue. Donated tsulitlés and 8eTriceB are recognised in the actsnts whgn recewed ff Ihe VA1 tan be reaY measured. amounts arg induded lor Ih• contrfbuocffj of goMr4 vdunteer8. lrttsme from conlracas lei iho 8UFsty of reecwl$ed th th¢ (leery of th contracttd $erte. ThSs 18 da55ified 0$ unrestricted lund8 unl888 Ihere 1$ a contracwal requirement for it to bo spent on a parUraJlar purpDse and re0 if un8pen¢ h Ylich c it rnay be re9¥d a8 re61n"ded. RMourc•s •xp•ndod AJI expenditLwe on running of g(kn1 Is ttrtidered ty the trsjsts to be alther directy rélated lo Its ch8rftat4e adNty and v4 Unted for w an axrjal b88, or rdated 10 gener costs rdating to the 8(Iminiqlering of the c*arity whith are tluded under governatth ¢osts. Where costs cannot be direcJy apporboned Ilw h8ve been all(ted to 8fAtvilie$ on a ba818 conJi8¢ent with Iha use of res(uce6. The #rK&vera14e eleMt of VAT Y8 inc4ed the rdattd itern of expens6.
St Cedd's School Educallonal Trust Limtted Company Limited by Guarantee Notes to the Flnanclal Slatsments Icollth Year ended 31 August 2026 A¢¢ounllng pol¢le• Tanolbh A8¥8ts cos)ThJ £5,OCO or mcfe pitali8• a$ tarvJit4e fixed asllets are L¥rfed at cost net Ofdowection and ary pThsksns lor IMert. ny tangle assets ed at amtyJnts are recorded at Ihe fair valuts at tho dat• of rgvduatign le¥8 ary 8ub8ewl dgprKaathx •rl a¢8t¢d Impalrment10$8e8. An irKr6a86 in t carrying amount ol an asset as a resutt of 8 revaluation. Is Tewanlsod In 0lh•T rewgnised gains and b88e$. unkn8 ft Teverse8 8 tharge for Imp8irment that haB previousty been rgcognised 88 8xpenditur8 wthin Ihe staternent finarKid actNib8s. A decrosse in the carylng amunt ol an asset as a resull ol 8 revalva16Dn. Is ra¢ognl8ed writhin the fakvant expendRu heading of the 6ts1ement of 8ciMtw. excepi lo which It offset$ any preVauS rev8luab.on gain, in whkh easè th• lols otMr galns and loM•8 In •tèm•nt ol financ rKb"¥rty. Dr¢I4110n l)ewedatlon so to off gxt ry vU of an 08•¢t, leN8 it8 resldual volwi, pr th? trJ)ThJrK lif• of that as••t 88 folkn.. Flxlures and other egulpmerd DemountatAe6 Ctrnputèr tquisn•nt 20% $tral9M Ilr 10% 5traigM lin• 33% 8tr8Wrt In• Imp•lmi•nt of fixed ••••ts A ra•W for indicators ol irnpairmenl Is carri•l out al each date. Ihe recovgr8tle amount e$lirn8led where juth iTrakatcn exist. th• carrying VAlu• tsxceeds thè r¢covwaÈ* amourt lh8 8558t 18 impaired accudkngty. Prlor impairmerts w• aljo lor Possi• rovers81 •t each p¢yTra dats. For Ihe of knOT[r1 tqSb'r¥J, th it 18 not pouthl• to •8timale t rwrnrntle amount of an lThlMdud as an esomate 1$ m8d? of the re9rable amount of tho cash-geneT8tirfj unbl to whith the ass¢t bebry. The ea8lFg•MmbrKJ unft is the smallest ntifiable group of assets that the generntes c8sh Infirms ihat largdy IndepetTdent of ¢gsh intlm fr clher assets Cf sycups of aswts. Stock• Stocks are measured al the lrywer of ojst aThJ •stimated $ing prke le5S Costs to rnFlete and stll. Cost inthdes all costs of wrthase, costs of conversw aTrJ other costs incurred in bringing thv 8totkto kn pyesent Icutiw and CldryL
St Cedd's School Educational Trust Llmited Company Llmlted by Guarantse Notes to the Flnan¢ial Ststemonts Year ended 31 August 2025 Ae¢ounting pc4lcies Flnaneial i1nnIS The charitable company has finandal assets and flnarrial liabth85 of 8 nd that qU811fy 88 ba8lc ftrwckal instNrnenis, Bosi¢ financil instrunents we r•C(XJned at transactk)n value $ub6equenty measured ai Ihdr ent¥U. Umit•d by guvantsg PA Cedd's School Educetk)nal TnJst Is • cknrttat& compary limited ty guarantee. guwantee ol exh member Is Ilmited to £1. Ch•rhbJ• acllvltl•A T•tsl Fund• Tot•1 Fund$ 2026 2024 Sthool fees Uubs R•gl8tr8ti¢n f•e$ MiKe118neous sc101 IrKom• 4.384,300 4,411,508 184.334 223,807 ts,000 6,448 4,648,361 41,3 4.597,637 & Other tr•dlng aethTM Total Fund• Fundi 2025 2024 Shop Income Ccffjmlssion Inwn• 85.183 e4,852 1,300 68,C69 66,152 Imi•*tm•nt In¢orn• Total Fund• T(td Funds 202S 2024 BA inttretst recehat49 83,940 Casts of fin•n¢lng Totsl Funds Total Fun 2026 2024 BaT4( Interest chary98 3.574 1.949
St Cedd's School Educational Trust Limited Company Llmited by Guarartee Notes to the FlnancSal Statements (tnthw Year ended 31 August 2025 Cts ol•th•r tr•dlng •¢tlvtlTr Total Funds Totsj Funds 202S 2024 costs 46,141 44.972 10. Empgndlfyrn on ¢hgrll¥bl• ¥thltFoB by fund typg Tdtsl Funds TOW Funds 2025 224 Proert oledLK811 Support )618 3.407,491 943,189 3,485,417 984,524 4,350,e80 4,469,941 11. Exp•ndltur• on ¢harft•bl• Kll¥lllM by •cll¥lty typ• Urertaken dkn Support Tt)l•l funds 2026 Total fund 2024 Pro810n of •thJea Governanc• co81• 3,107.491 911.028 32.181 4.318.519 4,442.779 32.181 27,162 3.407,491 943,189 4.350,680 4,489,941 11 Anty•l• ol•upport Totsl 2025 Totd 2U24 Staff costs Generd off G¢}vnan¢e costs V81n9. put41• & recrullmwrt 664.520 220. 15,541 42,159 943.189 904.524 636.465 319.541 13.ce5 15.453 13. N•t In¢¢m• Net income 1$ ststhd aftor thl(crj'. 202S 2024 DeweOab' 01tbI• rd 8s8els 19,6 115,995
St Cedd's School Educational Trust Llmlted Company Limited by Guarantee Notes to the Financlal Statements Year ended 31 August 2025 1& Audiiorts r•muMratSoA 2026 2024 F998 payable ts the of lh• finandal statement5 15,8 11,970 Fees payable lo the audftor it8 088oJateB for other 8wwrA". Payrc41 and 16.561 15,193 16. Stsff ¢o•ts Th• total jtoff cmt8 and omF4tyee bonofits lty thtr rewting pwj are anatysed 8s IdlowB.' 202$ 24 1484.885 1448.888 207.495 4.245 20.147 Social seujrity costs PanOn costs Olhor am0y88 boMfftB 471.153 14.297 3.220.723 3,085,7YJ TO1 lem11MoN payments amtyjnt to £Nrf 12024 . t32YJI •hJ rted to c•Jrnperatlon for termination ofompJtym8nt of rnb of staff Th• avtrage coJnt of employ8#s ¢Jumg th• y•arwa8 9412024.. 9n. The numb ol emF4tyee6 whw runer8t1r for the year Ilndudlng employ•rf6 natlonal IroLWBnce ¢wlribu¢ion6 and othw tnofvl fell Ihe fouw'ng band8. 2026 2024 No. £eo.c((J to £89,99 £70.0(K) 10 £79.999 £80,C(¥) to £89.9 £90.fMJ) to É99,999 £110.LKK) to £119,999 £120,C(#) to £129,9gg Kry Mnag•m•nt Pernonn•l Kty management persml I1e 81 th&t autthonty aTrJ fespth)git4ty for pLannlng. directing and ¢trOll[j the athibe5 of the ch8rity. The tow ¢ompJnsa¢h?n patd to key management personrel se5 wovided to ts ch8ritywas £582.9]012tr24..£481.4231. 10. Tnmtee remun•rntion Ind expgnw• Trustees'11gb*lty IUr8• premiw costs are bom8 by the wparry. During the year m remuWats"L Was P8KI to ofthe Govemcrfs. Ewaes of £Nil12024'. £451
St Cedd'8 School Educational Trust Limited Company Llmlted by Grants0 Notes to the Flnanclal SLiternents fwJthxNI Year ended 31 August 2025 17. T•nylbl• LaTKI and Compthr bihlings wuiwn8nt Drnntab5eB Equlpmerrt To¢•1 Cost At 1 S•fvt•r 2U24 litions Rwalualions 5.5C6,232 1.303,$96 1.640.172 4LN,531 2&9.K)3 485,117 6,839,883 1.338,578 1.640,172 485.117 9.618.433 At 31 Auguit 2025 re¢l•ti4)n At 1 September 2024 Chafge ltt th• y•ar RaluatiOnS 8.450.C 444.513 620.938 378.329 13.e64 1W2.161 485.117 1.678.545 19.800 1620,9381 485,117 1.075.207 1820.9381 At 31 Augu•t 2026 Carylng amounl At ai Augu•t 202S At 31 August W24 391.993 198,C07 0.450.CQO S2.S20 40,7C6 48,642 e.s43.226 4.885,294 31.202 4.963.138 Tha Sthool sité Bt Ntrw Londort ($Thdd undor land and bulldir¥Js1 wa& valued at £8.9m by an independent vaiuef in Jar#Ary 2028188 0131 August 2025). Th& valuation b8Si8 Used wa8 that of foir hi8toytsl ¢osl of th¢ 18 £5,817.M. Tho Priory sit• at Now Lond)n Rtssd lindudtd undèr ld and buibairy51 was valued at £1.2m by an indepthident ¥Uer kn DeceAnbeT 2025 for pwpose& The basts of valuation was that ol markel valu& h15twic cost ol 1rt• ts £1,303.$98. Inthded wlthSn fretht4d I81 and kn'bJing8 18 a wop•ny whlch was r•v8lwd to t35C* by 8n Independent valuer In January 202618s of 31 Augusl 202SI. The $tOric cost of the freehd¢J propety 18 £228,681. 18. $to¢k¥ 2024 53,195 63.410 19. Dèbtor4 2024 Trade debtors 1,273,496 49.481 8,314 139.535 1,322,877 147,849
St Cedd's School Educational Trust Limited Company Limlted by Guarantee Notes to the Flnanclal Statements Year ended 31 August 2025 20. Credltorn: amounts Iolllno due *41Nn year 2024 Trado crodito Aoyuals and deferd ir6 Social 50curity and cther laxe8 Pupil dewts hdd Receipts in a(fvance 97,112 8.821 42.441 194.$94 10,5(KS 2.025.297 117,844 10.SCQ 1.819.150 99.454 2.492,C87 1.980.3e8 21. Cyedltorn: •mounts f•lllng du• aft•rmorn than on•y•Ar 2025 2024 Pupu dtpxits hdd 68.750 70.250
St Cedd's School Educational Trust Limited Company Llmlted by Guornntse Notes to the Flnanclal Ststements Year ended 31 Augusl 2025 21 Pen8lona and othqr post retirement benefft The Te8chw8' Pension Sctsme The Teachers. Perwon Scheme rrpsi ts a siutOry, CtrUty, defined benefft sthgrne. governed by the Te8cher$' Pgn8Ion Scheme Re9¥10n$ 2014. Memtfslup 18 automalc fur tethrs. A51 teathors hab the option to opt-wt of fv TPS Ic4lwr¥J enrolmenL The TPS is an vnfvnded Scheme to wttlch both memir and em0yer makes ts)ntrfbuUon8, as a percentsgè of 5aL8ry - these cothbutions aro ¢r¢drted lo Ihe Exthqugr. Reb'remwt and other Fen8K)n benefit6 are paid ty putdic fthas &ydd valuaOn olthe Teath•rn' P•nsion Sd)em• The GOvernMt Actuary. Using actLwial prirydes. dUCts a formal 8cttJarfal rev1 of thè TPS In accd8 wth thè Put4ic s•8 Pe08 IV4uai'orns Ènd Employer Cosi Copl Diredts 2014 wbli8hed ty HM Treary w 4 Y8. Tho rn of the revi6W 18 to Ih l•vd ol trture contribuDw$. xhemg voluakn¥ arp dpFffjTrJ m 4l¥LThPt) value ol fvlure cc•ts, de•i9n of ben0rrtJ and many othar ladorn. Th• lat••1 vaiLS8Uon of tha TPS w&8 cafrfod out as al 31 March 2020. The valueltx report was published by the Department for Education on 27 Odober 2tr23, vthh th¢ SCAPE ral•. tyet ty HMT. apptyin9 0 invgstmgnl r•turn ba8gd on 1.N 8b)v• tho r8t• ol CPI. Th• eltsmrts of tM v81On And 8ubBequenl con6ultadon 11 ernoyer cothbutbon rate$ 8et at 2&88% 01 pay IlndudlNJ a 0.08% administration >. Ths is 8) irthue ty 5% n) employer tontirbutkin8 and the &)8t control resuk is such that In memter t¢0fftS 21 tot81 acheme IlabilWes IF¢n$i8 rAwr?nty in paym1 and the estirn¥tsd ¢051 ol fulw$ benefil$l for w¥ic¢ to lh¢ date of £261(m mllK)n and Tr)tion81 assels lesmated luture contrtbutlons together the notional Investmen18 hdd at Ihe val¢Jakn dthl of £222.200 milllon, vlng a notiwal past dgfioi of £39,800 rnilv. The r¢sLth of thh valu81kn1 ImFkn•nt8d i Wl 2024. Th• n•xt vdu•Uon re8uIt Is due lo implemenied Imm I WI 2027. The above Is the stsn¢J8rd r>xbon lor schcK43. HThtsr. Ihe dwTIty hBS agreod contracts of empbymenls witt leaching Ihai hgv¢ ¢lfwa of cappiTrJ emF4oyer contribubon rates for those lea¢her$ rèmain in the TPS of 23.e8%. The iariVs t8achin9 stsff h&ve a b•hn{lI remainlng In ihe TPS and exceJ¥ trIjI10n via rted 8&ary", 1111 opting out of the TPS vJ joryung the n APTIS dafrnd ttmtrllyj0n (DCI 8Leme' or liir) Oolng wt enbrely. The &nployef6 F¢nswJn lo Trs the per)>J #Mnted to £312.912 131108r24.' £340.8441. A copy of the v4uatKJn reF(Wt (kxurnentstv is on the Teachers, Penslons b5itg. Under Ihe defin"OnS Set out in FRS 12. the TPS 1$ an Lmfunded MeMploYer pension scheme. The sthool has aox)ts for "rts ¢OntthUo to the 5ch8rna as rf it We a defid c0ntnLWts scheme. The cartst4e ttrnpany has set out abe the infornation avalL8ble on the sctteme. 31
St Cedd's School Educational Trust Limited Company Llmlted by Guaranlee Notes to the Flnanclal Statements Year ended 31 August 2026 Oefined COr)tn"Icfj schemes The Pmount recognised in the ststement of fand81 in relauffi ta d•fin8d c£*rtributitin schemes w95 £157.68312024.. £68.&181. 23. Anatysls of ¢harttsbl• lund• Unrè8trtet•d fund• Gains and At 10s8e6 31 Aug 2026 1 S•p 224 Ir Expwthure Tren8fer8 Genwd funds Rgvoluation 6,201,844 4,740, 14.4CO,395) 1.159.158 7.701.283 11.159.158) 2.261,111 1.101,953 2.261.111 &803.216 8,201,844 4.740.656 I4.4,395) Gairr& and 1 S•p 2023 IrKom• ExPdity¥ Trf8 31 Aug 2024 Gen8rd fvnd• RevalUaOn $,940,2S3 4,778.453 (4.518, 8,201,844 6,0,253 4.778.4S3 14.S16.882) 8,201,844
St Cedd's School Educational Trust Limited coMnY Limited by Guardntee Notes to thg FIDancial Statements Year ended 31 August 2025 24. AnalyJl$ of n9¢* he¢ fvnd• Unrestrkled Tot•1 Funds Funds 2026 TangiNe fLxed assa18 Curyont assets Credrtors le$8 than 1 yr Credrtors 9rter than 1 ye 8,543,228 8,543.226 2.820,827 2,820,827 12.4W2.087) 11492.0871 168,79)) 168,7SOI 8.803.218 8,803.216 Unrestiidgj Totsl Fund$ Fund5 2024 TaWle frAed Current a890ts Cradltui1è88 than 1 y8ar Cr&thtCrf8 gTeaierthan 1 year Nvt 4,983,138 4,963.138 3.289,322 3,289.322 11.980.366) 11,980.3681 (70,2501 170.2501 6,201,844 6.201.844 25. An4ty¥l• of cn94 n•1 dobt At 1 S&p 2U24 Ca8h 31 Aug 2025 C8sh at bank and n) hthwj 3.078,L%3 11,833,408) 1.444.855 26. R•t•d rtI•l Duth9 the yew t1 rdatfjd pwty £Nil12024.' £N