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 N￿W 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 a￿nt) 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 dIr￿rS 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 adMIn￿t￿lI¥• detall• Reg15t•red Bharlty nmi• St Cedrf8 SdKd E¢thxatKffjal TnJ6t Urnrted CharSty rryl•tralon nwnbor 31 Comp•ny reg￿tr￿On 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 R￿eTend R H S Hayman F M Mafthall P Copdand Or S Peck A Mistsy AHChi IAord120251 (Reswed 25 Juntr 20251 IR8wgwJ 4 D￿￿ter 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 $011¢Sto Gebjarits LLP 51 Mc¥Jrgate Lnnd EC2R 6LL St Cedd's School Educational Trust Llmlted Company Limited by Guarantee Trustees. Annual Report Ilncorporatlng the Dlrectorfs Report) Year ended 31 August 2025 Slry¢tur•, gov•m•n¢o and man•g•m•nt Govemlng documorrt St Cedd's School is govemed by its Ajtdes of Assc¢4alion. These AJ1J"des r6vised and upOat•d in Marth 2022. The liabilty of the mertkner8 18 lunlled by guarantee. Th8 trjsiees of th8 Charty we 150 direths ofthe ccThparry. Go¥•mlng boty Thè Govtrnors Brè rÈSP)￿1tIa IOT Ihè CIM￿1 manageffltnt C¥JntNI ofthè sd)￿. G￿n￿l In post duriNJ the year are slvy*n at the t4inniThJ ofthi8 rewt. Arr•n9wn•nts lor sottlng p•y •nd r•rnuMr•Uon of k•y rnwWgwn￿t ￿TIon￿l R8rnyn8Tation ¢rMnrnM88 over88•8 thè rwnunerakn of tm s•Th￿ L￿d￿ShiP f•am and 8taff. Thè Govomors tonsidtr th• Sènk* L•&aersNp T68rn to t• the W mana96ment personnel ol the Sthoc4 in charge ol dlrecting 8nd c4ntrolling. running and opwallng the Sthool on a day to day b8&i$. pay of the Heby 8ursar i# rovithv•J by I￿ R•Mur￿tiOn Committoè And th Governor8 bentskn8rk *n81 pay levds other *#Jepen¢Jent gc*w18 of a glmllar slze hawng regwd to an InaMaU8f8 8greea 04ecMB ana F•fmnc4. Govem¢T8 gwe ol tsir timè fra￿Y ¢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 GcNemc*s th• rw breadth depth of xperience, Ime and Inte￿$t to cwry out rts duties effedWI effiienty to SUFVOrt th• SchoS8 aims and ambition6. Current and lormer parents are Invt4vèd 88 GcN**ners of Sd)ool and trustee8 gf ￿ Charity. Whèn wuiting, whefe po￿lIe. the Gwrm comider a b￿an¢8 of skills and eXF•r*"8e as Inlcrfrned ty the Goverrm, S￿.1￿ a￿1 Nthv Governors fecelve an indwtson from Ihe Chw of GoveTrJr5 and Ihe H•8d Into the *DrklrrfJB of the Schod IB xcompanied ty suppcrfting d0Cwnentat￿. F￿ther lTrforrnati￿ Yd provideol b)rough relevant pU￿Jea￿On$. 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 G￿Antee 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 re6pMS￿511ty for finon¢•. Thè Board of C0￿M¢T$ and lh8 Educ8Uon oTrJ Flnance and Gonerd Purpow Committees n)eel at once a t*m,' tho Rernun8ralion and G￿￿n3 Commillees meet ¢)nce 8 ytsar. The B(th of G￿rrY¥r8 wt¥e rep￿ts 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 ser￿ry 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$N'p Team. The Hewj urbjortakos tha key knaderthp r￿8 over8edng educatlonal, postord 3nd administrat￿9 ft￿tr)n$. 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 st*A)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 peO￿e thr(ugh thè 5)rovis￿n, 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 *y￿￿1ng wJuEab"onal exFerieTbBe for I children, Stretchlng all lo lh8 best of their re8Fecbvg abj'￿￿¢5 in x•Jernr¢. 81ti$ty'q 8pth'ry. ujlturnl and eXtr￿JIrl￿jl8r aCtiv￿"e$. 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 SL*xf8 aThJ ￿Thade8 scho(A life. Sthool alm¥ to.. . P￿￿tte 8 8•cw• and émtrefimont In th￿r•Y3 Indlvklual •t411U¢s, tolents and 6trenOh$ we lulty 8FveuaknJ nurture . Mwntsln the tr8dibon of oxc4lwK• thrfA¥h • Ihat is rfch. broad, coherent rel￿ant. . PTorncts wlrilual and awarerw ba￿d c1¥￿11￿n w*K4pkn. enc¢yJrage a grtyjnths r￿tr)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 ￿ a￿ldance *ith the Schts3f8 Memc*andum olAs80iation as tho •ducatlon and day stheding of boys gim8 aged &11. St Cedrf8 SCW seek6 to ￿Tr￿fft 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 pu￿1¢ benefit.. In pwbwlar. to Its suptlerrwtsry pu￿1¢ tenefil guhlBnce on Bdvwd educ8tlon arNI on le￿hr9￿9. This yew. the fow8 ha6 been on the ujntinwd achievernenl of ad8rnic perforrnanct. personal d￿e￿￿OnI 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￿ p￿b￿9. fee iThyeaBtt wo restricbj tts: - EnsLre the owdng finantial viabllty ofthe Sch)S 0& *ith w alm ofpThidrg the hlghaBI 18vd8 ofeducat￿n and gids. .w¢J￿ a￿8? to the offer at St C*1rf8 set￿ (Jbl0¢tlv•8. $tMtegl•8 and acllvttl The Sch￿1 c4)ntiNes forrnd 8df.reMthv8 of 81 Th5 of oporaUM so a6 to inyove Meth￿￿$ Ffocedures, p8rhcuLgrty olteaching past￿al care. but addkn81ty in the process of monilcfing and 86sessing rts prrM%dures. The prr£es5 of sel￿e¥￿u8Ii0n and to me8sure perfomian against Btrat•gictargots is thidertaken ￿lere￿ to the WcftMrvJ c*ithè8'. 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 L￿tinue 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 d￿et￿the qualty ￿t•8¢h￿4 leamiThJ. .To m8iThtsin ts breadth ofextra4yJrknLqr Prow￿ClI for ￿. . To ccrtSnue to Wtrdldtr oxeelvrt p#strd we lor p . To on I￿¢466 01 the r8wtrth pr¢c*ss th m*¢ 8th1sBlon 4cc488th to th• ￿￿&T cunmunty. . To ellSLre all thlk*en have access to T￿ to t*c(me ￿On9 l•arnrs. . To th an actSve part IA th• Itre of QLY Ic¢d t￿mMLI¥ty. - To dèvèlop ftthr pot•ffjbal links wrth thal stale 8rlKds. . To 0￿Ur* reèLtst flnanclal and infrastruo4w• pknnlng to allrw for th• d0vd0F￿V￿t ol loc1￿•0 In tho cwlg¥t of a 6t8ble fina￿￿ po81ti0n. . To ntyw tethnc4Oqh￿ forththn* Imm8that8 * fu1we b8nafft. - To kyomots C￿nIj￿ links lunth8￿n9 de*nemt olthé Cld St ¢*Jd8￿$¢￿O￿On. . To ansurè that parents we fLdty JThthod In S¢hofi ¢>>otyriwL•r. pa8torAI and fwe Ini￿a￿Ve&. . Facilltata academi¢ aTrl ￿n￿l*emIC admknl8tr81fft •fvl•ry. - Tg ueale 8 secufo and safe eT￿rOnmen1 lry Stratsglm to achle¥• th• yMe• obJe¢ti - Th?Whole DeVelO￿ent Plon . Annual Ptofe881w*l Devdopment rfstaff ¥*ilh SMART and ￿jc￿$S uiterta. - Evalualon and d•veknpmgnt ofthe wi1u￿Jm. - Furthortng Ihe Ilnks and to be invd¥•J kn ￿e￿I c¢mmunty wg"ect8 aTrJ th tharing Intelkthal Fwperty. . Conlynued f￿ pupil ttha¥*ATh. tourt88y. - Conb'nuéd de¥¢kw￿L olthe (wlity olttachiThJ and kamlng. . Soek Prof￿￿n￿ thice *ther8 8ppropAale to en$￿* T8gulaW ¢￿￿ance St Cedd's School Educational Trust Llmlted Company Llmlted by Gu•rants• Trustees. Annual Report Ilncorporating the Directots Report) Year ended 31 August 2025 . Revlthv pay ￿rUcthre for staff, both te*Nro 8r#J (p￿81(*18￿, to emurewe remaln (>)mpeUUv• ana attrac￿ In r￿uftMeN aThJ retenvork Puptl numbern Pupil rcls 1$ to optim4 capgdty in moit Internst kn Ihè sth)tA ttrfrtinues tts be stroNJ. 81 Cadtts #thool muJS¢ sch*n Tr String Sd*mo 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 Opportunrt￿5 for children to I￿rn sdvA S￿rtage in5trurnerrts in the brass and *r*yh*nd 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 t*￿￿terS 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, vk*ftorn from local thLth, iw81nes￿. shdtered horn￿ and edU￿￿On018$t8tIIshrne￿ts are ¥thmed into the sth￿. Thg St C?thls *ool chr￿$ 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 M￿ntain8 Ilt*8 th 8 numt¢r of xh)ol$ Ihrwgh reg￿ar cont&* And as opportunty and n8e¢J adse. Speekiw and i*tènin9 in￿#￿'Ve6 oFén to m￿nt￿ned $¢*x48, and non St Ceddlan PUF41$ may tako their musk X8rnln8tlon8 schod sile. More Atle and Talented P￿11 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 lacili￿5 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$ex Cwnty Courol facilities genemling IncL*me for the cour￿￿1 from the breathh and frequerKy of r￿l￿r0# Imd events ot local v¢nucs. The Sthool 8eek3 the 00￿¥ of paronls and carers t￿h Parent Reprewnt8tr98' mggtin91 ond municate¥ thrO￿ah roguLgr n*￿etter8. Th• reyutts from p8renl and pupyl sur￿5 *• acWon•d in the ￿ter&s￿ olthe pU￿ls. scw comiw¢ty. wsrtor8. Iwal rwdenis and wder publ Trnlnlng lor p•rnnts and staff of oth•r malntslned and independent •ehool• St Cedd's School W trsafety trainiFvJ for Ihe SCI￿ aThJ wder commun￿9$. ￿ annual Sth)I Sthoo16 F8yre attracts 8 wde range of aCad￿leS. maintained and independènt schods to 8hare informatlon rega￿Ing Ih•r edu￿1￿￿01 provi￿On wospethe secondary Scho￿ puplls. Adml•8lon•.' Equ•l opportunltl•• St Cedd'$ School wek¢rnes pu￿15 trom 811 and puwlB benefft frcm ￿amIr￿j 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 r8￿g￿rne￿l. ethnw. w, or di5atMlity do t fom) pajl olthe ￿m￿sic￿8 w￿￿$s. We are OFP)rbJnib85 providèr And a￿ committed io St Cedd's School Educational Trust Limited Company Llmlted by Guarantee Trustees. Annual Report {Incorporallng the Dlrectofs Report} {¢*rt*ri Year ended 31 August 2025 rkjng t￿rOnmen1 that is free from arty fi¥m of dixllrnitiation. The School makes reasonabl• 8dlustments to meet fft• noeds of pupits are. Of twno t*CL¥ne, diSab￿d. The SENDA V8n 18 ulaty revv4*J to wlde ￿te$S kn the s￿￿18 far*bes. SuFP)rt in the form of a Burnanes and Hardship Fund 1$ avai18tAe fry thosfr vAshlNJ to Attend thè Sc*od but otherwse are un8bb to pay the fees, u lor those ￿rrent PUFi18 a change in larnlty ryrwmslarKe6 IfrAir abaty to at ihe SL*thl. Tlthe M¥hiThJ to te c￿￿lJere4j for bJrs8ry supptyi are Tequir•J to Comp￿ts a Bursary applicatkjn "ng full detail? of Iheir finer￿1 $iluatitin, suppthd ty cfflb1.n￿ ¢SJaJments. Bursary aPp￿￿tiOnS are 88608séd by ￿ indgpgndgnt third pgrty rnc¢xmm•nd * r•rniBBion on foeB accordln9 to th dl8ns' to fill fees. A thsh)n 1$ 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 lnvo8trr￿rt to maintain excellent toaEhlng tscilitig¥ fcf r pupi16. Recent works it￿ude the reluth'8hment and imwfftd insulab'on of ￿ Dance Studio *)d Sthool Shop. floorlng In Ltr￿r Schod, lh• upgrnde ol an old c¥JtbuihYing lo mu(* n*eded $10rag¢ sp#c•. impyoved outside ligh￿￿9 ¢he 811e anLI ￿anCed CCTV t￿ge on c F4ayground area. In addilon, actions have been taken bas•d UP￿ a rarye of p4rents' and pu￿16, rettffjrnendations from the Paront Rtrpresontstiv￿. SL*ool C¢yJncil And Food FONM meetings. In Juty 2025. the Sth)c4 pw¢hawl St PhilliF4 Prhiry, 178 L￿th)n Road. as part of th8 str81Oc m to develop ltte muslc ymion at Ihe School. This building wll be refuth8hed and int•rnally rectsifigured to provlde a Frorn Offie• and admi￿￿traINe hub lor tho Sthool akn9BKle 2 MUBIC teachlry d888rcthis, 8 MUS￿ pracbce rooms SP￿ In ch8pd. Stth•gk rnport report ollh• charity. St Cedd's School Eduratlonal Trust Llmlted Cornpany Llmlted by Guarnntse Truste8s' Annual Report (IncoTporating the Directorfs Report} Yoar endod 31 August 2026 AChiwgm￿ts and p•rf0m￿n A¢htgvem￿ts and op•ratlonal ￿rforn￿n￿ of th• Khool St Cedd'5 Sch￿4 continue$ 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 8x￿rienCe 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 apPrOpr￿te fry 218t Century Le8n*rs. St Cedds Sc*wl has teen os 8 & Lryes Sthcd of ￿n￿￿ess. Sl C8dds Schoc4 hBS 8mb*lded 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$', 'Wg ore Inrthialors", ar• Cit￿On8 of Ihe Worfrf, aTrJ Vl• Aro ￿ne$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$8Coabc￿'¥ Pr*>J Lif• Slfvar Schc¥J¢8 Aw¥d In Juty 2D23 and puplls lake part In ett￿ng aclmtles al 1&88t C￿ce 8 twm. In addltK•n we have a¢￿8Ve0 tha ECL) S¢*od8 Gregn Hag Award h r￿ ol ow S￿l￿n￿bIl￿ ￿￿tia￿V￿ Irdudhig blrlvlng G*donlTrJ and Eco Clubs. Pw118 conllr4Je lo excel on Ihe Ipryts fdd wlth In •v*immlrfj, h)QY)￿l and Iv>thty competibonj. Tho st￿ r•naln&l n•¥ Its opb'md eapaoty Ihrough(Art the year. The a¢ademi¢ of oyr Yw 6 cotKrft w8r•. once again, inttedibty Imwesthe wth 17 ChI￿reD ¢)ffered p18C•8 at grarnmar Khool& wa Ihe 11+ rtanc• e￿MIn￿rA)rY1 and 31 children being cfved at kKg1 ￿¢pethI Senb)r SclKd8 vAlh 18 of ollers ha¥AThJ 8chol8r8hlp8 Bswalgd wth them. A8 tver. •r• kn¢r•th￿ WOIMI ofthe bre&th of xtivthes and OPF4xknhx8 on offer to th• thiltr•n In the School. Al chilt*er ha¥e Ihe oppOr￿ty to tsk8 part in ABRSM and Trinrty Cdlege music •xaminBtion5 wbth a large number of Inese xhleving al knt Gradè 5 stsndard or hightr, some excelllng to GT8de 8 on ¢he recu¢Jer and Sevwal athi8vry Gra• S MUS￿ Tlw. P&thapalion In our choirn and MUS￿ hos been excelenl and regularty win trophies at Iho Chelmsford FeslN81. Thtr wrthase of the St prullip's Prfcry bulk* ￿711 greaty imwove thè MUS￿ education facililles of the Sc*ool wll ensur8 that the hwJh stsndard5 01 muwA we fwtr* d¢v*Fed Ch•rftsbl¢ •¢tlvltlo• We have hod a 9ood yeèr chariiable aciN￿e$. with dtynatttsns to MAcffiillan, the Scouts ASSoda￿On, Hospice. Royal &itish Logirrt Hekn R¢￿la$c￿ Cancer Charity. 8A Can(8r Research. the Children's Socty aTrJ Chelmsl¢xd CathedraL St Cedd's School Educational Trust Limited Company Llmlted by Guarantè• Trustees. Annual Report (Incorporatlng the Dlrectoes Report} Year ended 31 August 2025 FIn￿Gla1 r•vl•w As a charity the parents of our pupils have Ihe gssurance tt￿t all the irKxyne olthe School Is used for edurAion81 purF4)8es. the rfftants￿ beneffts recefve from taK exemption5 are an appked fr)r edu¢*ional purF¥)stt. A8 in prewu$ y¢ws. the sca￿ 18 on ts Incthxo Irom 6chocl 1905 lo delNer on its educational alms and obJ"ecaNes. The IMp￿t 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 fin￿￿la[ rnc#Jelliry INeca$b"rrfJ. R￿01¥•¥ poll¢y The re8•N•8 d th• S¢hoo1 ore r¢pre8enI￿ ty Ihe unrw1￿ fund8 In Not8 23. The totsl nds h¢kl by the School at 31 ￿Ul12025 amountèd to £8,803,216 01 £7,701.263 represents unresiricted gen￿￿ knd5 and £1.101.953 repr8serts ￿restrIcted revduaith rèservg. 01 Ihi$ totsl £259.99012024'. £1.238.7cei repr￿ftts fyadlty avaibt4e lund$ are totsl fuTras 0xdud1￿ thè e8rrying wThount of fix￿ assgts as at the b*ance sheet daté. In comrnon wlth mc4t iTrJepend•nt the ScMd'$ ww¢•thc*•J rewve6 are primarity Inve8knJ in lan9ible ftxed 888ets. W￿Ch ar• all usgd for direct chantthe activitk•s. Th& Scht¢)fs finandsl vboblllty (k*5 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 OWff*n81 use. Thè 15 to bud9el so 8$ lo provmle Buffident y￿rkIng ¢4￿tal to meel prewt needs f(rtwe devd0pm￿l rty]uirerngnts of the The Govemors recogni88 that thg l•vel of re6Ths I1￿jateS th*iTVJ perlTrts of inveslmenl In th8 S¢hod gBtale and are 88156fied that wemgl fww¥¢¢ I￿￿￿"e9 are 6uffident to pmMd• ￿l￿n0 Cvital and an adequat¢ safety net for Ihe Sthcd. Inv•4trn•nt poll¢y and obj•￿￿ T￿Str gwned by the ol AsBffA8ts￿. pemirt3 the fur￿$ t¢ bo irNe8tsd al the "Screti￿ of thè Beard. arry funds *• invested w deP￿rt wlth the Sctteol's b8nkerg and Olher bank8 to rnaximha thé felum on theee fuThJs at mlnhn81 ris Propvrty royal￿ljOn In 2026 the School app￿nted an exte￿1 v4uer to appN88 the Sthool pyoperty and SL*ool 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 Sc*c¢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 b81￿n Servite Sbters Trustees IEnglish Provincel and the SC￿01. 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 Compet￿ve market ty investing In high Qu￿￿ educati￿￿ thg pupllB. An eqUIt￿e 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 P￿1$ b8nefft today from th8 irNgslmwt rmt. The priniypl Wn6 inc4ude.' - malntw.ning the SC￿￿)1 rol at optima capac*. . eaLgncing 8C8¢Yernlc achievernent th1o￿h maThtsh)ing a sc¢p foT development of sporbng, creati¥e, liryustic and scoal. &8 as academk Skllls. . Thfr 01r•w￿ 8ehL*4 I￿14 kn acttxdance %th148l requwemen . New devdopment to hmprove th8 taacknlry fwjths ollernd by t￿ Scltti Prud￿1 m￿gerneDt I￿11 wth the aim of frJrI￿r enhe*￿eMerd of edw&tthFJl ￿¥￿￿•￿• omd mggtiThJ Ihe ever-chan￿n9 education￿ dwnwKls ofow Society. ha$ been made in.. . Devdoping luther link8 and P*lnershlps wth ot￿r thg cornrnunty In 81 music, Bport and th• wovJBlon for thè rncét able.. - Encouraging pupi￿, staff, members of tm Ixal communty ¢Jitt4r ￿gan[￿all￿9 wjth 88 c4Jt4 and local maTTrtained schooL* to benefit from the ofthe s￿￿rI 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 wac*c• wrfh th• maintained sxtcf by oppOrt￿￿leS 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¢•rt*lnll•• 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 c0mrrritt￿5, a dèar deveh)pment F4an. detailed budget monitoriThJ and mivw. dear finandal ddegaUon, regular r6vth of WTitten pdki8s and dèar $8legu*thrYJ procedures. The Board ol G(Nem￿S 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 oLl*r matters Te18tir@ to the Schtsjl ¢)verihe provir￿8 finamal year thal the Sclp)ol ne8ded lo ￿nq to Ihe allent￿n of Ike Chth commiss￿￿, and t1￿ ar• UJrr￿Ity 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 Sc*oof8 viabllity 1$ rdiant M the rthl relleds fts str(￿g repulation. Govemors we consc*ou8 tn& pa$t pert￿Mar￿e In Marn￿￿￿ KW4 numDen be dtspondod upJn to attraLI pupils is accordiThJty klenlif*d 88 a risk Pwti￿lI￿r alIen￿'On Is p￿￿ to m8rkekn9 puwl recnrritment In mitsJalon, a$ as minim1*￿ the rlsk to SthoolB repula*'on du8 10 8dver8e PU￿1(ty. Tru8tees' T•SpO￿lb1ImIM slat•m The twslees, v￿) ara also drectors for th¢ Purp9￿ ol gjmpany Iw*. are responsi￿8 lor preparl the trustees, rw the finMncKal statements in azcfdanco with applicab￿ I￿ and United Klngdom Accr￿￿11¥) St8ndsrd6 IUrthteK•m ￿1$ unkss tt 18 Inapproprfats to wo8um• that thè ch¥ity wll cont'nue In trJsine88. The tnjstees 8r• r•Spo￿l￿e for keeFrfry adequate aceounllng r•c•)th Ilwt ore 8uffioent to show and eXP￿In the ¢harity'$ trwsathons and disdose wth r￿￿eb]e PAUfaGy at Any tlme fin8nd¥l posllion of Ili¥ L41¥1ily oiid eiiabkn iTr*iii 10 ¢n¥tsre Ih81 the flnwal $tatement$ wllh Ihg Compan￿$ Ad 20C6. They 8rg aLw respons*J18 for $8fety8rthng thè assets of Ihe ¢hanty and henc r¢( tak￿9 reasonable Steps ref thè pr￿￿n aThJ deieckn of fraud arml rAtxr veg(darl￿89. Audltor Exh olthe p8rsoM IB a InJ81ee at the tlate ol Ihi8 rgpryt that o tsr a8 they are 8w¥e. ttwe i• no relevwrt knfom)ation of the L*arlty'$ audIt￿ ￿n￿are., 8￿j they have t￿eTr all slepslhat tW ought to h8ve tsk￿ as a trustae to m*e th8rn8th5 aware of arw rdèvant audit informabon to tst814i8h that ts chwvs auditor Is mr¢ of that Infomi8ti¢n. The auditor is d88med to have been ￿appr4n￿a in X¢￿danCe 487 of the Compankns Ac* 20C6 12 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 ap￿￿j 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 c￿￿6 Sthoot EdwatK)nal Tr￿t Urnrted (the 'charrf) for Ihe year ￿￿ed 31 ￿JguSt 2025 whKh comF4W ststgment of finanryal a(JJ"vities lincludlng inc￿tte and eXP￿rtUre ac￿ntI. statemerrt of finwal pOs￿j0n, siatement of cash flcms and the rebted notes. a $umm*y of wgrllfirnnt occountir*J Wiies. The financL41 rewting frarn￿￿k that h8& been awied In their wewaik)n 18 8F¢4KatAe and Unrted ￿￿dorn Accounfjng Stsndards, Induding FRS 102 FinwKial Repth"w siaNlard appkcabJ8 UK and Reput4ic of Irdand (Unrted lQngdthi Genoralty Attemed kcounUTrJ Practs"cel. In our OFI￿on the fina￿￿al slat•ments". gNe a Ir￿ and fJr of 6tat• of t￿ 8ff•n a¥ at 31 Aw8t 2Q25 and of it• incorning re5wrcoi apF4ubcn ol re￿J[c¢s, irKJJ*fing 6ts irtome and wenditwe, lor the year then ended,. Accounung Prad'ce., have been pr•pw•d In the Twulrement8 01th8 Companlw Ad 21 8••1• lor oplnlon (￿ndUCted our audit In accOrdar￿8 IntemalS)rd Sta)dBrd$ 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 i1￿0pOndent 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 requtrern￿tl. We Ihat tho *ud(t evidence ￿ have oblained li 8uffident Bnd appropriate to W￿de a ba*.8 for c4ff Conclu8lon• rel•tSng to gdng conc•m In aUd￿ffj firwnrJ81 Jtatements. I50v• CO￿1￿)¢d Ihat the trustees. U8# of th& Ong conc•m ba$18 of accounyw kn the pr8paraOon ofts 1th8Th￿l 61atamtAts 18 approFth. 88sed on the work have perforn￿￿. h8ve not identified any materiaf urtèrtalnties relating to events or tondlti0Th5 that. lndMdu￿ty or cdlÈ¢fv¢ty. may cast signrftant doubt on th& tharity8 a￿.Ity lo ￿￿t￿TrUe as 8 going CLrKern tr • 01 at months from *t*A) tho financial Statements we 8thhorfsed for k%su•. Our respJWkniliti•s an¢J ￿ resFxM1￿rt￿ of Ihe trustee8 With respectto gthng t¥n¢em are degcrtbed in rdevant M(*c¥)8 of this rEF4iL 14 St Cedd's School Educational Trust Llmited Company Umlted by Guarantse Independ•nt Auditors Report to the Mernbe￿ of St Cedd* School Edu¢allonal Trust Llmited Year ended 31 August 2026 oth•r Inf*)rm￿on other Inl¢mialhJn ojmwtses tho 6nfomiation i￿￿ed In Ihts ioptrt othor than the ffinantial 8talement6 aThJ our a￿Jitc¢S rewrt Ither￿1. The trustees ar8 respMsibl8 for Ihts other informallon. Our opIntc￿ on the fin￿al ytatem8nts does not cover the 0th8r inforrnati￿ and. except to the extent othwwfits expkuty statoj in our r8PNt. we do express any fNm of855urarKo ?￿￿610n Ihweon. In conneclKsn our audrt of the fin8ndal statements, rnsponltAIty Is to read thE othèr inlormats'on and. in dc4'ThJ 80. Mr￿￿er ￿elher the other infrymatson is mateTsoIty I￿or)siStenI wth Ine financial 618tsmonts or pur knv•Aodg0 obtwned in lh¢ audll tx +>th0￿￿e appw6 lo ￿ rnatertally m15Statsd. If idtrffy such matorol incon*stènaes rnaterid misstAternonts, wo aro required to determine whellw the￿ * 8 Malw￿ mlss¢atement in the finanad statements or 8 MOten￿ mi88tstement of the other informatK)n. If. b88ed on we ha￿ performed. we coN8ude that the￿ IJ a makn'al mllststsrngnl olth$ ollw infryrnati￿. ￿ are requtrgJ to rgP)rt Ihat f￿L to r•Frf inlhbj rrfard. Oplnlom on othor w••¢rfb•d ty th• Compan1•• 21 In our O￿n￿on, baled on theKYk ￿dert￿en in the c(Kne ofthe the Inlom)atk)n gNen In the t￿j$t￿. reF¥)rt for the fin8nd* year ts vthlch the lknandHI 8tstement$ are prepar•J 1$ consistent *ilh th8 fina[￿81 Statements,. and Ihe truste•8' f•FQrt beqn kygpared in occrydm a￿1￿8￿4• 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 Idl￿1r￿ M￿11$ h re￿n to th CLYnpanlo8 2006 requir¢¥ u$ to reF*Jt to ytyj W, ui our opinithi.. 4é¢qL*te &ctcoJnting r8C(rts hbve nol tttn kepL ￿ rrtumo •Jequpte for wr audit hw• not been recthed frcln bra￿0$ V￿rted ty UB., rtth disctc*wes oftnJSt￿, remunwthi ¥Fed￿d 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 CA￿panY I￿) we for the prepafats.on ot tha finandal statarn8nts and IDr s￿8￿•￿ that gwe a trug 8fKI fw'r view, and fw 8uth in¢ernal ￿trol 88 the trustees determine k8 ne¢essary to enoble the prepara￿fi of fina￿￿ ststernents Ihgt are Irgo from matorial misstatement. vknethw lo lrnud or errcfj. In preparing the financial stBlernents. re5pws*le for asse8wr@ ihe at411ty to contirtutt as a going cone•m, dlJdoaing, ￿ a￿l￿bI•. rnattern rd•t•d lo png concern ￿Ing the golry concern basis ol acC￿ntIng U￿esS the bustoes ether Inl¢n¢J to ￿quI￿at¢ 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• wpon81ly￿o05 for the a￿1￿4 of th? fin1￿131 •tsternen arn to ¢bt81tt re8sc4)Èb￿ aswr9￿ ab¢￿ ¥theU)er the st8t*nents a8 8 ¥e free from matertal rnisststem￿L whdher th to fra￿j 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 aL*Jrt tenduthd in ￿(¥dance ISAS (UK) *ill dways deted a materi￿ misstatement *then It exists. Mlsst*ements 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 i1￿18￿$ of rwrnF4l￿ v&ith IM and rggulation& We dgjign tedures n li￿ vthh OLf reSwsl￿IrtWs. ouuinod abovè, tts dèteLI misstatements In respect of irregulariliei. IndLb* Tho extert 10 woc*dures ar& capabje ol detscting Irregulwlles, Indudr*J fraL*J li detsled bdw. Our approach lo [d￿tify￿9 aBSe$￿ the risk¥ of mattr1￿ mh8tattsm￿t In r•sFrtt of Irregtsitw8. induthro and nOr￿coMpl￿￿* wAh lap•ts and regdallon8. as fr41uws,' Th• $y￿￿emen1 pariner ￿￿reA ￿at thg erffjagemwrt team had thè orwrfat commence, capabil+bu and to hlèntrfy e< r*Ogr¥￿ appllcabk• law8 and reguk8tion6. We f￿ed on wific la￿ 8nd reg￿8￿0•￿ ¥thl¢* ￿n$kje￿ 8 dkect Mat￿81 glfect ￿ the flnanod 618¢ements u the 0￿ra￿.￿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 Idon*fi8d alKNe lfvough rnaklng enqulrtes ol man8gwrwt Id¢rrtrfied18ws and regulatrcns communlcthd wth Aud￿ t￿M rnDularty team r¢rnaln•d of Instan￿ of ncwmF4im I￿￿houl tho We 88sessed the 6u8cepbtrlity d the tthmpanys find￿1￿ 8tatemenls to m•t•rial mb8tstèmèn( I1￿lUdIng obtoirrir*J En und•rstaW ol ￿)W frwjd mlght Lwur ty., Making enquines of managwnvrt as lo wF*re I1￿￿1 COn￿d0￿d wa8 su$ceptsbJ'lty to traud, th•'r kn¢wAedg• ol acttwj. suspeded and **ed fraud. CorsBldering the intgmd contrc4s m FI￿6 to mibgalo ts ii8k• of fraud and n￿-￿rnPlI¥1x wlth 18w8 and regul8tions To athjress Ihe Tlsk ol fraud ttwh Lxntrol8. IW, Performed wocodures to identsty arty or rdaticftshlps Tested jownal entries to hlentify unuwd trans&#K) A$￿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 rnnal statemants or. If suth disdosures are In8dequ818, to modfy our O￿nit￿. Ow are based rffi the audll evidence obtainad up to the date of our O￿t0￿$ repLYL Huhpver, frjtwe e¥ents or C￿drtltsn$ rnay ¢8USg the charlly Evaluate thts overdl presentation. stryxiurts contenl of finarKlal statemonts. indI￿rrO the dLqtlosures, whether tho financ￿ statemerrts rewesenl the underlying trans8ctiDns and evwts in a rnannert￿t achwes lay presen￿￿)n. 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 v*ith 9)V￿r￿ rewdlng. alr￿9 ots matlers. the plan scope and tsming of the audrt and swJruficant wjdit firKIiTVJS. I￿￿d1￿J any defKaewe8 lthm81 ccthl that￿ identfy during wr aud i￿9 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 n￿MberS as a boty, f¢x t￿r a￿rt 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 Act￿ntantl & 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 charit￿e 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 G￿Th5 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 fin8￿jaI8¢tmthè8 I￿ud•S am anol rocognl88d In the yew. I Income and eXE￿Irtyre dulve fr￿ confjnur¥J WAI￿￿88. I Irwme and exp￿)d￿ur• 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 2,4￿2,087 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 8.8￿216 Fund• ofth• ¢h•rSty Unrgstridod fvnd$'. Rev￿u31t0n r•8er Other ul￿tridg3 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 fin￿81 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 rece￿8￿48 8nd $imi1oT Income 19.6fM) 176.wl 115,995 163.9401 Chan￿8 In.. 8teek$ Trade and other d•btorn Trth ark1 other C￿rt 10.215 4,gJ7 11.175,1281 131.CQ41 506.213 1,418.210 1371.7901 1,728.637 C￿h 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 coM￿nY Llmlted by Guarantee Nots8 to the Flnanclal Ststèments Year ended 31 August 2026 Gonor￿ Infomiatlon The L*arlty is a t￿•fft and a wvate ￿rnpany Ilrnrted by gu8rant•e. regi5ter•d In Engl8nd and Wdgs a registered c**ity 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 statem￿rtY ha¥e been wep8rgY ln compJranc8 v•lh FRS 102, The Financial R•ptyttng Stan¢Yard awicable in the UK 8nd the RepU￿1C of Irdan(r. the Statement ol Recomrrended Pracb"c8 aprA1¢a￿0 Io ￿￿tte8 prgparino Ihwr •cctyJnts in •ccOr￿ce with the Finanual Roportin9 Standaro app11ra￿e in the UK * RewtrAic of I￿L9nd 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 rev￿u￿lon of rxrtain finanaal assets and and Inv•¥tsnent woperties meayurad at f•lr valtse through ￿CoMe er experhyiture. Th• ffin￿81 statem￿ prtpar•J In *fvd)18 fv￿O￿al of thg antty. st Cedtts Scw T￿t 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 aP￿4￿j to Ns thanlable obj'eth. Gotng ¢onc•m There ar• no Materf￿ U￿rt$￿￿e5 th• clwtyi atrflty to conknu Fie•hokl property Fre¢hold property li ifiillalty its>ydtd 8t ojst Indudes pui(*88e 1￿ce and any dkeG affrfbutsble expenth"ture. Freel￿1￿ propeny i% rev81￿ to it8 fair ￿ue at exh reporttng datg any chonges In lair V￿￿e we reco3niW in rev4u8licrt resw¥ts. Ifs r￿alkn measwe ol lalr is no loryèr av￿. able undue co8t or effort for an rtem of Ireelb)kl proFerty. it sh￿1 be tr8Thsierned to tsng(￿ a5sds trèated as suth until11 i& èxpected that frdif v8lw wll be r91iabty [r￿￿ra￿ bH*. Pen•lon pt The rnak#¥ ¢￿￿bu￿￿$ to bcth defined tth8fft and dÈfKJèd c￿ribUtiOn 6d*me& Further d&t￿lS 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 re￿*￿d and ar• based w experim ther facaors. i￿jU￿ expe(laUoM OffUtu￿ event$ that are to be re8$￿t* L¥vJer lte drOJmsl2r￿0S. Fund a¢counllng UNe8lrlthd ftJnd5 c£rnprise of the al￿MU1￿0d sws on wwal lund8 that are avallthe fc* U8e at the di8(*ets"on ollh• truths in furth8rar￿ ofthe ol1othveÈ ofth• Charty. Restricted funrls are fLmds to rnThYrtion8 impostha by the donor. The funds aro net therèfore avoit8ble for the pwforrw Ch8rity other than that iptrifiod ty the donor. Ine¢irnlng mour¢ Al irKoming resource$ Ore I￿￿ded in the staterntnt of finandd ar*vib89 vthen ents"lemoni has P8i$ed to th¢ charty,. rt is k¥ebable Ihat th? economic benefrt8 aSSOt4*18d the tran&￿￿on 11 low to the Gharlty and lh8 am(￿¢ w lje wew mwured. The fol￿rg Bpecjflc p)fd•s are 8pplkgd to partth¥ ol Srtom•.' Irmmè frcffi donotÉws or LI rttC9)￿d Ihgrg18 of enUU•rnenl to the recdpt li and its amwit ￿ be me1wr￿1 r•ltth. 1$ rwnised*then r•c*t h probable and ￿￿ent 18 e8tabll8hed. ome frem donatsd good8 A rn•a￿d 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 acts￿nts whgn recewed ff Ihe VA1￿ tan be re￿a￿Y measured. ￿ amounts arg induded lor Ih• contrfbuocffj of goMr4 vdunteer8. lrttsme from conlracas lei iho 8UFsty of reecwl$ed ￿￿th th¢ (le￿ery 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 re￿￿0 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 trsjst￿s 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 t￿luded 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 eleM￿t of VAT Y8 inc4￿￿ed 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 Ofdowec￿tion and ary pThsksns lor IM￿￿ert. ny tangl￿e assets ￿ed at amtyJnts are recorded at Ihe fair valuts at tho dat• of rgvduatign le¥8 ary 8ub8ewl dgprKaathx •r*l 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 preV￿auS rev8luab.on gain, in whkh easè th• lols otMr galns and loM•8 In •t*èm•nt ol financ￿ rKb"¥rty. D￿r*¢I4110n l)ewedatlon so ￿ to off gxt ry v￿U￿￿ of an 08•¢t, leN8 it8 resldual volwi, p￿r th? trJ)ThJrK lif• of that as••t 88 folkn￿.. Flxlures and other egulpmerd DemountatAe6 Ctrnputèr tquis*n•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¢y￿Tra dats. For Ihe of knOT[r￿1 tqSb'r¥J, th it 18 not pouthl• to •8timale t￿ rwrnrntle amount of an lThlMdud as￿ an esomate 1$ m8d? of the re￿9rable 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 Cl￿d￿ryL 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 i￿1n￿nIS The charitable company has finandal assets and flnarrial liabth85 of 8 ￿nd that qU811fy 88 ba8lc ftrwckal instNrnenis, Bosi¢ financil instrunents we r•C(XJn￿ed 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 sc1￿01 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 (t*nthw Year ended 31 August 2025 C￿ts 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 2￿24 Pro￿￿ert 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• Ur￿ertaken dkn Support Tt)l•l funds 2026 Total fund 2024 Pro￿810n 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 An*ty•l• ol•upport Totsl 2025 Totd 2U24 Staff costs Generd off G¢}v￿nan¢e costs V￿81n9. 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 th￿l￿(cr￿j￿￿'. 202S 2024 DeweOab'￿ 01t*￿bI• r￿d 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 Pan￿On costs Olhor am￿0y88 boMfftB 471.153 14.297 3.220.723 3,085,7YJ TO1￿ lem11M￿oN payments amtyjnt to £Nrf 12024 . t32YJI •hJ r*ted to c•Jrnper*atlon for termination ofompJtym8nt of rn￿b￿ of staff Th• avtrage coJnt of employ8#s ¢Jumg th• y•arwa8 9412024.. 9n. The numb￿ ol emF4tyee6 whw r￿uner8t1r￿ for the year Ilndudlng employ•rf6 natlonal IroLWBnce ¢wlribu¢ion6 and othw t*nofvl 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 M*nag•m•nt Pernonn•l Kty management persml I￿1￿￿e 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 se￿￿5 wovided to ts ch8ritywas £582.9]012tr24..£481.4231. 10. Tnmtee remun•rntion Ind expgnw• Trustees'11gb*lty I￿Ur8￿• 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 G￿rants0 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,$96 1.640.172 4LN,531 2&9.K)3 485,117 6,839,883 1.338,578 1.640,172 485.117 9.618.433 At 31 Auguit 2025 re¢l•ti4)n At 1 September 2024 Chafge ltt th• y•ar R￿aluatiOnS 8.450.C 444.513 620.938 378.329 13.e64 1W2.161 485.117 1.678.545 19.800 1620,9381 485,117 1.075.207 1820.9381 At 31 Augu•t 2026 Carylng amounl At ai Augu•t 202S At 31 August W24 391.993 198,C07 0.450.CQO S2.S20 40,7C6 48,642 e.s43.226 4.885,294 31.202 4.963.138 Tha Sthool sité Bt Ntrw Londort ($Th￿￿d￿d 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 l￿d 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.$98. Inthded wlthSn fretht4d I8￿1 and kn'bJing8 18 a wop•ny whlch was r•v8lwd to t35C* by 8n Independent valuer In January 202618s of 31 Augusl 202SI. The ￿$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 defer￿d ir￿￿6 Social 50curity and cther laxe8 Pupil dewts hdd Receipts in a(fvance 97,112 8.821 42.441 194.$94 10,5(KS 2.025.297 117,844 10.SCQ 1.819.150 99.454 2.492,C87 1.980.3e8 21. Cyedltorn: •mounts f•lllng du• aft•rmorn than on•y•Ar 2025 2024 Pupu dtpxits hdd 68.750 70.250 St Cedd's School Educational Trust Limited Company Llmlted by Guornntse Notes to the Flnanclal Ststements Year ended 31 Augusl 2025 21 Pen8lona and othqr post retirement benefft The Te8chw8' Pension Sctsme The Teachers. Perwon Scheme rrpsi ts a si*utOry, C￿tr￿Uty, defined benefft sthgrne. governed by the Te8cher$' Pgn8Ion Scheme Re9￿¥10n$ 2014. Memt*fslup 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 memi*r and em￿0yer 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 &y￿d￿d valua￿On olthe Teath•rn' P•nsion Sd)em• The GOvernM￿t Actuary. Using actLwial prirydes. ￿dUCts a formal 8cttJarfal rev1￿ of thè TPS In acc￿d8￿ wth thè Put4ic s•￿8 Pe￿0￿8 IV4uai'orns Ènd Employer Cosi Copl Diredts￿ 2014 wbli8hed ty HM Trea*ry w 4 Y￿8. Tho *rn of the revi6W 18 to Ih l•vd ol trture contribuDw$. xhemg voluakn¥ arp dpFffjTrJ￿ m 4l¥LThPt*)￿ value ol fvlure cc•ts, de•i9n of ben0rrtJ and many othar ladorn. Th• lat••1 vaiLS8Uon of tha TPS w&8 cafrfod out as al 31 March 2020. The valueltx report was published by the Department for Education on 27 Odober 2tr23, vthh th¢ SCAPE ral•. tyet ty HMT. apptyin9 0 invgstmgnl r•turn ba8gd on 1.N 8b)v• tho r8t• ol CPI. Th• eltsmrts of tM v81￿On And 8ubBequenl con6ultadon 11 ern￿oyer cothbutbon rate$ 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$i￿8 rAwr?nty in paym￿1 and the estirn¥tsd ¢051 ol fulw$ benefil$l for w¥ic¢ to lh¢ date of £261(m mllK)n and Tr)tion81 assels les￿mated luture contrtbutlons together￿ the notional Investmen18 hdd at Ihe val¢Jakn dthl of £222.200 milllon, *vlng a notiwal past dgfioi of £39,800 rnilv￿. The r¢sLth of thh valu81kn1 ImFkn•nt8d i Wl 2024. Th• n•xt vdu•Uon re8uIt Is due lo ￿ implemenied Imm I WI 2027. The above Is the stsn¢J8rd r>xbon lor schcK43. HThts￿r. Ihe dwTIty hBS agreod contracts of empbymenls witt leaching Ihai hgv¢ ¢lfwa of cappiTrJ emF4oyer contribubon rates for those lea¢her$ rèmain in the TPS of 23.e8%. The i*ariVs t8achin9 stsff h&ve a b•h￿n{lI remainlng In ihe TPS and exceJ¥ ￿￿trIjI10n via r￿ted 8&ary", 1111 opting out of the TPS *vJ joryung the n** APTIS dafrnd ttmtrllyj￿0n (DCI 8L*eme' or liir) Oolng wt enbrely. The &nployef6 F¢nswJn lo Trs ￿ the per)>J #M￿nted 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 1￿2. the TPS 1$ an Lmfunded M￿￿eMploYer pension scheme. The sthool has aox)￿ts￿ for "rts ¢OntthU*o￿ to the 5ch8rna as rf it We￿ a defi￿d c0ntnLWts￿ scheme. The c*artst4e ttrnpany has set out ab￿e 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 f￿and81 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 2￿24 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• ExP￿dity￿¥ Tr￿f￿8 31 Aug 2024 Gen8rd fvnd• RevalUa￿On $,940,2S3 4,778.453 (4.518, 8,201,844 6,￿0,253 4.778.4S3 14.S16.882) 8,201,844 St Cedd's School Educational Trust Limited coM￿nY Limited by Guardntee Notes to thg FIDancial Statements Year ended 31 August 2025 24. AnalyJl$ of n9¢￿*￿ he￿¢￿ fvnd• Unrestrkled Tot•1 Funds Funds 2026 TangiNe fLxed assa18 Curyont assets Credrtors le$8 than 1 y￿r Credrtors 9r￿ter than 1 ye 8,543,228 8,543.226 2.820,827 2,820,827 12.4W2.087) 11492.0871 168,79)) 168,7SOI 8.803.218 8,803.216 Unrestiidgj Totsl Fund$ Fund5 2024 TaWl￿e 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 c￿n94￿ 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 t￿1 rdatfjd pwty £Nil12024.' £N