ST ALBANS SCHOOL WOOLLAM TRUST TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Registered Charity Number- 311020 ST ALBANS SCHOOL- WOOLLAM TRUST CONTENTS Pages Report of the Trustee Report ofthe Auditors 10-12 Statement of Financial Activities Balance Sheet Cash flow Statement 15-16 Notes to the Financial Statements 17-24 ST ALBANS SCHOOL- WOOLLAM TRUST REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025 The Trustee of the Charity presents the annual report under the Charities Act 2011 together with the audited accounts for the financial year ended 31 August 2025. OBJECTIVES AND ACTIVITIES Charitable Objectives The objects of the Charity, as set out in the Charity Comrnission Scheme, are: 111 the provision and maintenance of playing fields and other recreational facilities for the pupils attending St Albans School., 121 the maintenance and support of St Albans School,. and 131 the promotion of education of the pupils attending the St Albans School in such ways a5 the trustee thinks fit. Aims and Intended Impact Within these objects, rhe Trustee aims to support the objerts of the School through the provision of playing fields and indoor sports facilities in sufficient number and of a suitable standard so that a healthy and wholehearted interest in sporting activities may be encouraged among all pupils and individual participants may be given every opportunity to develop their personal ability to the best possible level. The Trust operates a policy of licensing use of the playing surfaces and Sports Centre to St Albans School on every term time weekday plus Saturdays, between the hours of 8am to 6pm. Use of the facilities often extends outside of these times, by prior agreement, such as for pre-season training etc. The Trust's primary aim is to maintain and use the grounds for the benefit of St Albans School and its pupils, in furtherance of it5 objects. In order to support this (but without intruding on the School's usel. it makes such commercial use of the grounds as it can at both premium and more local commercial rates. In order to ensure the grounds are suitable for use by the School and to maximise their commercial potential when not being so used, the grounds are maintained at a high standard. Where excess capacity beyond that needed by pupils exists, such as periods outside of term time, in the evenings or on Sundays. the Trust may let the playing facilities to other organisations. It does this in one of two ways'.- First, and wherever possible, facilities that are not required by the pupils are let at a premium market rate and, so as to enable this use to be made las well as to benefit the Trust's own beneficiaries), the facilities are maintained at a high standard. Secondly, where there 15 no realistlc Possibility of making excess capacity available to the premium market, the Trust lets out the facilities to community groups which have a sympathetic ethos to that of the Trust at a lower rate, albeit still on a commercial basis (the rate being the best rate the Trust could realistically charge to such users). Some 30 acres of the playing fields are sublet to Old Albanian Sports Association IOASAI on a 250-year lease (granted on fully commercial terms). In accordance with the terms of irs lease, OASA provides community sports facilities in its own right as well as sub-letting facilities to Saracens plc, a leading Rugby Union club. While the Trust is not a party to OASA'S sub-letting lother than providing gym facilities available to Saracens), it welcomes this arrangement as it serves to build a clear relationship between school sport and national level sport. ST ALBANS SCHOOL- WOOLLAM TRUST REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025 Objectives for the Year During the year, the focus has been on the continued maintenance of the playing fields to the highest of standards consistent with the uses described above, the upkeep of the Trust's properties and land, and the operation of the Sports Centre on the St Albans School site. The Trust maintains its facilities to a high standard, commensurate with financial affordability, in order to prornote sport effectively within St Albans School. This also allows the Trust to provide a safe playing environment where pitcheg are free from ruts etc. which tnay cauge injury. Thig has allowed St Albans School to be represented, in several sports, at regional and national level. Details on the School's achievements in sport can be found in its own Annual Report and Accounts. In addition, the Trust continues to increase the usage of the grounds, and thereby income, both through St Albans School and with external users. ￿ noted below, several key relationships are now in place whereby local and regional sport is supported through charitable and commercial use of the grounds. Strategies to achieve the years objectives These were:_ to maintain and improve on the Trust's successful grounds maintenance support for the playing fields, to improve the provision and facilities within the Pavilion itself,. and to rnaintain and operate the Sports Centre, which offers a swimming pool, sports hall, climbing wall and dance studio as well as a fitness suite and teaching facilities. These were offered for use by St Albans School and the wider community through partnership with key sports clubs. ACHIEVEMENTS AND PERFORMANCE Operational performance of the Trust The Woollam playing fields continue to provide first class facilities forthe School, with extensive use being made during term time. The Trust continues to work with the Old Albanian Sports Club in maintaining playing surfaces and expanding their usage. Maintenance of the whole site continues to be undertaken by the Woollam Trust to provide playing surfaces up to regional standard. Saracens, the premiership rugby union club, use5 Woollam5 as their main training facility, leasing pitches and facilities from Old Albanians and the Trust. This partnership provides a unique combination of school and local sides, national level and premiership level rugby on one site. The Woollam Playing Fields continue to provide an important venue for the national as well as the local community. Over recent years, users, principally of school age, include:_ Saracens training camps, covering ages 6-16., Hertfordshire rugby sevens finals.. Old Albanians Rugby, including their minis and juniors. with some 400-500 under-18 rugby players on site on Sundays,. Old Albanian cricket, with their junior teams using the facilities frequently over the period,. Harpenden Hockey, including both juniors and seniors, male and female,. County and District Cricket, including the ECB junior Cricket Final5', Harpenden Lacrosse.. Hertfordshire Fire and Rescue for their football matches.. ST ALBANS SCHOOL- WOOLLAM TRUST REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025 Cricket academies for children 7-16,. Charity bicycle rides-, District, County and Regional Rugby a5 well as Football and Cross-country of all Levels.. and Woollams and Cheapside Farm are used as a Cross country course at both local and National level events. Woollams continues to be seen as a centre of excellence for grounds maintenance and was the venue for a groundsmen's conference in 2023. The Pavilion itself continues to be used for purposes which include'.- Harpenden School of Dance-, hirings for meetings and conferences.. charity dinners and fundraising functions-, the Duke of Edinburgh awards scheme., and the School's annual business conference. The Pavilion has been extensively refurbished over the last few year5, including refitting the kitchen and the installation of a café, the refurbishment of toilets and showering facilities and lin summer 20241 a major refurbishment to the décor and flooring in the main reception rooms. The Sports Centre is considered one of the best venues for sporting events in the area. The School has almost exclusive use of the facilities from 8am until 6pm but the venue has been able to attract local sporting clubs, host sporting events and training camps. The pool also hosts weekly visits from local primary schools as part of the Partnership programme. Local sports clubs regularly use the facilities in the early morning and evenings, while more than 200 local residents, who pay a small contribution, use the pool, gym facilities and fitne5S Sulte, and attend yoga classes. All external use of the facilities is managed in the context of the School's primary responsibilities for safeguarding pupils, such that mixed schoollexternal use is not usually feasible. Abbey Gateway Enterprises Limited licences and runs the Sports Centre out of school hours. The sports hall has also been a significant asset allowing the get up for the exam periods during the summer when the School's sporting activities are predominately outside. This has not only centralised exam venues but has also created a much quieter, comfortsble environment for students to sit their exams. Other areas of the Sports Centre like the Fitness Suite have been very popular with students. The modern, controllable environments have not only helped to improve the fitness levels of students but seen a much larger number of female students using the facilities during games, lunchtimes and afterschool. The climbing wall is used extensively by the school for PE lessons. D of E, Games and after school clubs. This has been very popular with students that are unlikely to play mainstream sports, thus widening acces5. The Sports Centre has become a training course hub with lifeguard courses and first aid courses being delivered to students and external partners every year. The Trusvs staff are qualified as First Aid at Work instructors, meaning that key emergency first aid, First Aid at Work and AED courses are delivered onsire to staff, meaning that more staff are trained at much lower cost. ST ALBANS SCHOOL- WOOLLAM TRUST REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025 Community and Public Benefit The Trust chiefly provides public benefit through the provision and maintenance of playing fields and other recreational facilities for pupils of the School. The Trust's facilities are an important part of the delivery of the School's partnership programme. More detail on the School's partnership programme, and the other community projects, can be found above and on the Schools Together website and in the School'g Report and Accounts. The extensive use of the facilities by community and amateur bodies other than St Alban5 School is noted above in Operational Performance. This programme conrinues to expand with a vigorous programme of tournaments using the facilities. Those groups who do not fall within the scope of the Trust's objects are charged a commercial rate for their use of the facilities. The Trustee confirms that it has had regard to the guidance published by the Charity Commission under section 4 of the Charities Act 201 I when reviewing the charitys aims and objectives and in planning future activities. FINANCIAL REVIEW The financial statements for the year ended 31 August 2025 are part of this report. The Trust's Net Movement in Funds was a Surplus of £84,91312024 £142,8831. The principal funding source of the Charity is the licence fee received for the School's use of the facilities through Abbey Gateway Enterprises Limited. Reserve5 Policy The total funds of the Trust as at 31 August 2025 amounted to £12.407.47312024 £12,322.5601 of which £376,44412024 £374,464) were endowed funds which are permanent funds for the provision of freehold land for school playing fields. The unrestricted funds include a designated fund which represents the cost of the construction of the Sports Centre less accumulated depreciation and amounted to £5.222,019 12024 £5,363,150) at the year end. It is the Trustee's policy to maintain adequate reserves to enable the Trust to meet unforeseen costs in respect of maintenance of the Trust land and buildings. The level of reserves is monitored and reviewed annually by the Trustee. Free reserves which are the general funds of the Trust excluding the tangible fixed assets at the year-end amounted to £2,210,30412024 - £1,866,152). There are no material funds that are restricted or otherwise committed at the end of the reporting period. The Trustees consider this level of reserves to be adequate and therefore have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future and believe that there are no material uncertainties that call into doubt the ability to continue as a going concern. The accounts have therefore been prepared on the basis that the charity is a going concern. Investment Policy The Trust 15 governed by the Charity Commission Scheme dated 9 February 2009 which appointed the Trustee. Under the terms of the Scheme, the Trustee is able to use the powers provided by it5 Memorandum and Articles of Association, which permit the funds to be invested in trust for the Charity. The policy 15 informed by the provisions of the Trustee Act 2000. ST ALBANS SCHOOL- WOOLLAM TRUST REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025 FUTURE PLANS The Trustees plan to continue to maintain and renew the facilities to the highest standards in accordance with the objectives, to increase third-party usage and to improve the experience for pupils, parents and visitors. srRUCTURE. GOVERNANCE AND MANAGEMENT Governing Document The Trust is governed by a Charity Commissionerfs Scheme dated 9 February 2009. Governing Body The Woollam Trustee Company acts as the sole corporate trustee of the Trust. Organisational Management The Board of the Trustee Company I'the Board") meets regularly during the year to determine the general policy of the Trust. The work of implementing most of the Board's policies is carried out by the officers and advisers to the Trust. The trustee delegates operational rnanagement to the Clerk to the Trustee. Group Structure and Relationships The Trust has two connected charities: St Albans School (Registered Charity No. 1092932. Company No. 44001251 The charitable company was incorporated with the object of providing and conducting, in or near St Albans, in the County of Hertfordshire, a day school for boys and also for girls in the Sixth Form. St Albans School Development Trust (Registered Charity No. 311052) The TrLJSt was founded with the object of raising fLJnds and accepting gifts for specified charitable purposes connected with the School. The Trusys primary object is the provision and maintenance of playing fields and other recreational facilities for pupils attending the School which it does by making its facilities available to the School during school hours. PRINCIPAL RISKS AND UNCERTAINTIES The major risks faced in each of the principal areas of the Trust's operations have been examined. These principal risks include regulatory risks, such as ensuring the Health and Safety of those using the sporting facilities and the financial strength of the School to continue to be able to lease the facilities. In the opinion of the TrLJStee, the major risks to which the Trust is exposed. as identified. have been reviewed and processes to manage those risks have been established, which, under normal conditions, should allow these risks to be rnitigated to an acceptable level in the Trust's day-to-day operations. For example, and in the case of Health & Safety, the Trust ensures that risk assessments are carried out for all activities, while the School continues to thrive as one of the UK'S leading day schools. The risks and processes continue to be reviewed. ST ALBANS SCHOOL- WOOLLAM TRUST REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025 The property holdings and fixtures of the Trust are insured on a replacement basis at a valuation underwritten by the insurer. The Trustee has independently valued these properties for management purposes and accepts these values as appropriate. RELATED PARTY TRANSAcfioNS There are no related party transactions that require disclosure. REMUNERATION Remuneration is set by the Board, with the policy objective of providing appropriate incentives to encourage enhanced performance and of rewarding fairly and responsibly individual contributions. The appropriateness and relevance of the remuneration policy is reviewed annually, including reference to comparisons with similar roles elsewhere. FUNDRAISING The charity had no fundraising activities requiring disclosure under $162A of the Charities Act 2011. ST ALBANS SCHOOL- WOOLLAM TRUST REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025 REFERENCE AND ADMINISTRATIVE INFORMATION St Albans School Woollam Trust 15 a registered charitable foundation, Charity Number 311020. CHARITYTRUSTEE The Trustee at 31 August 2025 was the St Albans School Woollam Trustee Company I'the Trustee Company"). Directors of the corporate trustee company during the year were-_ Alastair Woodgate Peter Brown Lindsay Sinclair Oliver King Frances Lightowler In accordance with the Articles of ￿soCiation. Direttors of the Trustee Company are appointed by St Albans School. Clerk to the Trustee Mrs Angela Higgs BSC FCA ADDRESS St Albans School Abbey Gateway St Albans Hertfordshire AL3 4HB ADVISERS Bankers Barclays Bank plc Blenheim Gate, 22-24 Upper Marlborough Road, St Albans AL13AL Clydesdale Bank PIC Verulam Point. St Albans AL15H E Solicitors Farrer & Co, 66 Lincoln's Inn fields, London WC2A 3LH Debenhams Ottaway, Ivy House, 107 St Peterfs Street, St Albans AL1 3EW Auditors Saffery, 71 Queen Victoria Street London EC4V 4BE T ALBANS SCHO - WOOLLAM TRU REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025 STATEMENT OF TRUSTEE'S RESPONSIBILITIES The Truslee is resyuiisiL)le fvi yi ¥yai ing tlie Trustee's Report and the Financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standardsl. The law applicable to charities in England and Wales requires the Trustee to prepare tinancial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incomin8 resources and application of resources of the charity for that ppriod In prpparing thp

n and future periods if the revision affected current and future periods. In the view of the Trustee, no a55umption5 concerning the future or estimation uncertainty affecting a55ets or liabilities at the balance Sheet date are likely to result in a material adjustment to their carrying amounts In the next financial year. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charitls financial statements. Investments Investrnents in Unit Trusts are included in the accounts at mid-market value as at the balance Sheet date. The investment properties are stated at market value as at June 2013, as calculated by Strutt and Parker LLP Chartered Surveyor5 (regulated by RICSI. The Trustee5 believe thi5 to be an accurate estimate of the current open market value. Realised and unrealised gains and losses arising on investment assets are recognised in the statement of financial activities and credited or charged to the relevant fund. ST ALBANS SCHOOL WOOLLAM TRUST NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES {continuedl Fund Accounting The endowment fund is a permanent fund for the provision of freehold land for School playing fields. Rents and oiher income arising from the property of Ihe fund is unrestricted for use in furthering the Trust's objecis. General funds are unrestricted funds which are available for use at the discretion of the Trustee in furtherance of the general objective5 of the charity. The designated fund represents the cost of the construction of the Sports Centre less depreciation. Tanglble Assets The tangible assets of the Trust which are used for charitable purposes are included in the accounts at their historical cost less depreciation and any prtsvision for impairment. Depreciation Depreciation 15 provided to write off the cost of tangible fixed assets less estimated residual value of each asset over its expected useful life as follows'.- Plant and Machinery Freehold buildings Freehold land is not depreciated over 5 - 20 years over 10- 50 years No depreciation is provided in respect of investment properties in accordance with FR5102 Capitali5ation Items of equipment and fixtures and fittings in excess of £25,000 are capitalised or when part of a new project where the total cost of such items exceeds £25,000. Other incidental costs of eqLJipment are charged to the statement of financial activities under appropriate cost headings. Rental income Rental income arising from the property of the Trust is accounted for gross of agents, commissions and credited to the unresiricted fund when receivable. Investment income The income arising from the investments is credited to the unrestricted fund when receivable. Hire of sports facilities Charges for services and use of premises through licence agreements are accoLJnted for in the year which the service is provided. Expenditure All expenditure is accounted for on an accruals basi5 and has been included under expense categories that aggregate all costs for allocation to activities. The irrecoverable element of VAT is included within the item of expense to which it relates. Leases Rentals under operating leases are charged on a straight line basis over the lease term. Assets held under finance leases and other similar contracts, which confer rights and obligations similar 10 those attached to owned assets, are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital elemeni of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Financial Activities over the period of the leases to produce a constant rate of charge on the balance of the capital repaytnents outstanding. Rental income lincluding incentive5 received or paid) for operating leases on investment property are recogni5ed in the Statement of Financial Activities on a straight line basis over the lease term. ST ALBANS SCHOOL WOOLLAM TRUST NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES {continuedl Pensions The Trust offers membership of a defined contributions pension scheme. The Trust's contributions to the pension scheme are charged to the SOFA as they fall due. See note 3lcl iii. Financial instruments The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets held at amortised cost comprise cash at bank, together with trade and other debtors. Financial liabilities held at amortised cost comprise trade and other creditors. Investments held as part of an investment portfolio are held at fair valLJe at the Balance Sheet date, with gains and losses being recognised within the Statement of Financial Activities. No discounting has been provided to these financial instruments on the basis that the periods over which amounts will be settled are such that any discounting will be immaterial. OTHER TRADING ACTIVITIES Sundry Income 2025 2024 Old Albanian's recharges Other sundry income 92,114 3,531 95,645 89.404 2,817 92,221 ANALYSIS OF EXPENDITURE staff other costs (see below) Costs Dep'n 2025 lal Charltable actlvlties Playing field and pavillion Playing field Premises Sport5 centre 310,542 394,897 960 539,767 41,425 76,682 141,131 746,864 77,642 791,613 110,715 421,257 935,624 259,238 1,616,119 Staff Costs Other costs (see belowl Dep'n 2024 Charitable activities Playing field and pavillion Playing field Premises Sports centre 318,801 559,503 1,039 412,962 52,943 76,682 141,131 931,247 77,721 657,100 103,007 421,808 973,504 270,756 1,666,068 ANALYSIS OF EXPENDITURE Icontinuedl 2025 2024 Playing field and pavillion Pavilion overheads Maintenance 199.172 185,979 9,746 394,897 290,674 255,850 12,979 559,503 Other ST ALBANS SCHOOL WOOLLAM TRUST NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Playing Field Premise5 Other 960 960 1,039 1,039 2025 2024 Sports centre Overheads Maintenance Other 428,298 101,683 9,786 539,767 319,425 84,753 8,784 412,962 Ibl Charitable activities includes: 2025 2024 Governance of the charity Auditors, remuneration.. audit pri(>r year underllc>verl provision 12,000 19601 11,040 13,664 2,180 15,844 Legal and prtsfessional fees 1,705 12,745 420 16,264 Icl STAFF COSTS 2025 2024 Salaries and wages Social Security contributions Pension contributions 357,083 35,933 28,241 421,257 361,173 32,985 27,650 421,808 Ill Neither the Trustee nor persons connected with them received any remuneration, expenses or other benefits from the Trust or any connected orR3nisation. lill There were 21 employees during the year12024-201, this equated to 10 full time equivalents12024-91, none of whom earned more than £60.000 per annum. liiil Staff are offered membership of defined contribution scheme5 offered by The Pension Trust. Some staff continue to hold funds in Growth Plan series I to 111, although no contribution5 were made after 30th Septernber 2013. This is 3 multi-employer pension plan which in most respects is 3 money purchase arrangement, although it does include certain guarantee elements. Further details can be found at http.'//wvM.thepensionstrust.org.uk. livl There are no key management personnel. 20 ST ALBANS SCHOOL WOOLLAM TRUST NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 TANGIBLE ASSETS Plant & Freehold Land Machlnery Bulldlngs & Equlpment 5por¢s Centre Total Cost Opening cost Additions Disposals Closing cost 6,884,953 443,791 7,056,441 14,385,185 6,884,953 443,791 7,056,441 14,385,185 Depreciation Opening depreciaiion Charge for year Closing depreciation 2.153,502 106.155 2.259,657 375.625 11.952 387,577 1,693.294 141.132 1,834,426 4,222,421 259.239 4,481,660 Opening NBV 4.731.451 68.166 5.363.147 10.162,764 Closing NBV 4.625,296 56,214 5,222,015 9.903,525 INVESTMENTS Investment Land UK Unit Trust5 Endowment fund Total Opening valuation Closing valuation 282,000 282,000 7,705 7,705 289,705 289,705 Closing historical cost 65.000 177 65,177 Opening historical cost 65,000 177 65,177 The investment land was valued injune 2013 by Strutt and Parker LLP Chartered Surveyors (regulated by RICSI. The Trustee has reviewed the value of the investment land shown in the balance sheet 2nd is of the opinion that this remains a fair valuation of the investment. DEBTORS 2025 2024 Trade debtors Prepayments and accrued income 154,881 11,235 166,116 133,578 19,597 153,175 21 ST ALBANS SCHOOL WOOLLAM TRUST NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Creditors and accrua15 Taxation and social security 84,481 12,095 96,576 132,837 11,591 144,428 ALLOCATION OF THE CHARITY NET ASSETS Tangible assets Net current 2025 Total Investments assets Endowment fund Unrestricted funds.. General Designated 82,800 289,705 3,939 376,444 4,598,707 5,222,018 9,903,525 2,210,303 6,809,010 5,222,019 12,407,473 289,705 2,214,243 ALLOCATION OFTHE CHARITY NET ASSETS- COMPARATIVE Tangible assets Net current 2024 Total Investments a5setS Endowment fund Unrestricted funds- General Designated 82,800 289,705 3,939 376,444 4,716,815 5,363,149 10,162,764 1,866,151 6,582,966 5,363,150 12,322,560 289,705 1,870,091 STATEMENT OF RESERVES 2025 Balance clfwd 2024 Balance blfwd Net Incomel Funds spent lexpendlturel Income General Designated UNRESTRICTED FUNDS 6,582,966 5.363,150 1,736,932 11,510,888) 226,044 1141.1311 6,809,010 5.222,019 11.946,116 1,736,932 11.652,0191 84,913 12,031,029 Endowed 376,444 12,322,560 376,444 12,407,473 TOTAL FUNDS 1,736,932 11,652,019) 84,913 22 ST ALBANS SCHOOL WOOLLAM TRUST NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 STATEMENTOF RESERVES Icontinuedl. COMPARATIVE 2024 Balance Clfwd 2023 Balance blfwd Net incomel Funds Spent lexpenditurel Income General Designated UNRESTRICTED 6,299,232 5,504,281 1,879,678 11,595,944) 283.734 1141,1311 142,603 6,582,966 5,363,150 11,803,513 1,879,678 11,737,075) 11,946,116 FUNDS Endowed 376,164 12.179.677 280 280 376,444 12.322.560 TOTAL FUNDS 1.879.958 11.737.075) 142.883 Purpose of funds The General and designated funds comprise the Charity's sports centre, playing fields and premises and the fLJnds for running the facilities. The endowment fund comprises the playing fields land and some agricultLJral land at the same site. 10 CAPITAL COMMITMENTS At 31 August 2025 there were no capital commitments. 11 OPERATING LEASES The future minimum lease payments under non-cancellable operating leases are Expiry Date Other 31 August 2025 31 August 2024 Less than 1 year 9,570 Lease payments expensed through the Statement of Financial Activities in the year amounted to £26,384. The future minimum lease income under non-cancellable operating leases are.. Expiry Date Land and buildings 31 August 2025 31 August 2024 Less than 1 year Between l and 5 years 247 4,590 4,590 Lease incc>me received in the year amounted to £5,527. ST ALBANS SCHOOL WOOLLAM TRUST NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12 STATEMENT OF FINANCIAL ACTIVITIES. COMPARATIVE FIGURES BY FUND-TYPE Unrestricted funds General Deslgnated Endowed fund$ 2024 Total Income and endowmentsfrom: Donations and legacies Charltable actlvltles Hire of 5POrts facilities Other tradlng actlvltles Rental income Sundry income Investments Investment income and interest Other Surplus on sale of fixed assets Total income 1,730,518 1,730,518 17,440 92,222 17,440 92,222 39,498 39.498 1,879,678 1,879,678 Expenditure on: Raising funds Charitable activities Playing fields and pavillion Premises Sports Centre 71,007 71,007 931,247 77,721 515,969 931,247 77,721 657,100 141,131 Total Expenditure 1,595,944 141,131 1,737,075 Net in¢omellexpenditure} before transfers 283,734 142,603 Net gains on inve5tments'. Net movement In funds 280 280 280 142,883 283,734 Reconciliation of funds- Total funds brought forward 6,299,232 5,504,281 376,164 12,179,677 Total funds carrled forward 6,582,966 5,363,150 376,444 12,322,560 13 RELATED PARTY TRANSACTIONS There were no related party transactlOn5 during the year.