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COMPANY NUMBER". 00947085 CHARtTY NUMBER: 311054 ¢oveRNORS' REPORT. STrATEGIC REPORT AND CONSQUDATeD FINANCIAL STATEMENTS FOR EDGE GROVE SCHOOL TRUST LIMrrED (LIMITED BY GUARANTEE) FOR THE YEAR ENDED 31 AUGUST 2024 IIIIIIIIIN AE43CCZC 051W2025 COMPANIES HOUSE A12

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EDGE GROVE SCHOOL TRUST LIMITED IUMITED BY GUARANTEE) LEGAL AND ADMINSTRATIVE INFORMATION Gov•rno Mr C H J aayden Ichalrl Iresl8ned 5 0e¢ernber 20231 Mr D A E Willlams Ilnierlm Chalrfrom 3 February 2024.. RÈsisned 3 Dttcernber 20241 Mr5 M Barnett (Chalrl lappointed..2S June 2024- appolntsd Interlrn thalp 3 Oecernber 2024- appolnted Chalr: 25 March 20251 Mr P A KÈndall (Deputy Chalfl Ms A J GDdfrev MrDGEmkes Mr l Khawala Mrc E Llllev Mrs S sullIvan Ireslined 5 Juty 20241 Mr A J Ilobson Mr l A Sheldon Mrj L Stevens Mrj W Tweddle Ireslsned 5 July 20241 Mr$ S M•u6hon lappolnted S Decemb¢r 20231 Mtsw Kent lappolnted 18 Januèry 20241 MrA A1 lappolntEd 19 March 2024; resl8ned S Decernber 20241 Mr G Burger lappolnted 25 June 20241 Mr N Marchant l•ppoln¢ed 25 June 20241 M5 S Perry lappolnted 25 lune 20241 K•y Man•8•rn•nt P•ryonn•l Hèad Mr E B4lfour Ito 17 October 20241 Mr RJP Stanley lappolnted 17 October 20241 Head •nd AMl8tant H••d (Statl ¥•10Pm•tI Mr Stanl•y (to 17 O¢iob¢r 20241 Senl?r Deputy Head IAcademl¢l M3J Lel8hton Ito 31AuBust 20241 D•puty Head IAC3demlcl Mrs V Hod8e lappolnied 6J8nuary 20251 Deputy Hejd IPa5tornll Mis M Wrluht lappolnted 15epternber 20231 Senloi Dtpuly He•d IP4itorJll MI5 M Wrliht lappDlnted I S•pt•rnber 20241 Bursar & Company Secrètary Mrs GP Dippenaar (to 14 December 20241 BuNr & Clerk lo Governors Ilnteilml Mr TIR Petty lappolnied 16 December 2024 to 21 Aprll 20251 Bursir & Company 5ecr•tary Mrs D Tayloi (appointed 22 April 20251 Amlstint Hoad (Junlor Dep•rtm•ntl Mrs E 8Jllour Ito 17 October 20241 Asslstant Head (Junlor Pepartmentl MrsA Wynne lappolnted l Janury 20251 As51stanl Head Imlddle Schooll Mrs 5 Roblnson Ito 31 January 20241 A851stiTht Hèad IMlddl• S¢hooll Mrc Thorne lappolnted I Sept•mber 20241 A551stBTht Htad I018llal DevelDpmenil MflKèy DlrÈttor of Marketlng and AdmSsslon$ Mrs P Hopklns (to 17 Marth 20251 Asslsl•nt Htad ICo.Curil¢ularl Mr B Mcmanus slslant Head ILearnlth8 Support) Mrs L Slmmonds lappolnted I Septernber 20241 tharfty Number 311054 Company Numb•r 947085

EDGE GROVE SCHOOL TRUST LIMITED (LIMITEO BY GUARANTEE) LEGAL AND ADMINSTRATNE INFORMATION Reilster•d Offltè & Pdntlpal Address Edge Grove Sthool Aldenham Willage Watlord Htrtford5hire WD25 8NL Audlto TC Group The Courtyard Shoreham Road Llpper Beedin& Steyrtl We5tSu5sex BN44 3TN B•nk• Bartlay5 Bank Plt 11 Bank Court Marlowes, Hernel Hempstead, Hertfordshl HPII IBX

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) CONTENTS Pa8e Govemorf Report lin¢tsTpor•tlnB the Strateelc Report) ststemem of Govemorf AisponslbiiiilÈs io Audltoes Report 11-14 Consolld•t•d Statement of FIA•ftclal Attfvitles 15 C¢ro$olldated Bal•n(• Sheet 16 hool B•l•nt• Sheet 17 Consolldaied Cash Flow Statement 18 Notes tothe Fln•n¢lal Statements 19-30

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Tho Govomots pfesénl Ihèlr rer and consofidaled finandal slalements lor the year ended 31 August 2024, whlch olso rMplY with th9 Companles Act 2006 requlremgnl for a Olrectors. Report and Slrgleglc Report. The flnanclal 8lalomonts have been prepared In accordance wllh the Companles Act 2006, Charllles Act 2011 and ACcn11ng and Repon9 by Chorliles.. Slalemenl of Recommended Practice appllcable lo thBrlllgs prypurSng Ihelr Ilnanclal sl01gmerts In aceordance with the Financlal RepNting Slandaid applicable In the UK and Republlc of Ire18nd IFRS 102). STRUCTURE, GOVERNANCE ANO MANAGEMENT Edge Grove fthfr SclMJoII was founded In 1935. 11 became on incorpoT&t4d ch8rlt8blg company in 1969, Edgè Gmo Sttthl Trusl Ltd fThe Companfl. charlty reglstrallon number 3110S4, company regL%tralion number 0094708$, th Ihe Ilablllty of Ils memboT¥ limlt•d lo £1 08ch by guaronl•&. Tho Registered oifice and prfncipal addre88 at thg SGhool. Th Company 16 governed by Ils Arllcles ol Assoclallon, adopled by speclal iesolullon on 4 Seplember 2014. Tho Seh(l The School Is 8 cMdu¢allonal. Iapendent Preparatory day school lor chlldren bgtrween the ages of 3 and 13 years. The School b located on 2 silos wlth Iho m01n $llè slluol•d In 45 #¢ras of Horlfordshiro pafklond. ml)%vay b&Wn Walford ènd Radled Bnd a nearby tocal)n In Aldenham Vlllago comprl8ln9 th8 Nursery. The Head 15 B member ol the In¢orpornled AssoGlallon of Pfeparalory SchooLs IIAPS) and Ihe Sc1Kl Is a memb8r ol tho Assoclatoon ol Govvmln9 Bodlej ol Indfrpendent 8choc45 IAGBIS) and the Independent SFhools Bursars. AB¥ocl8llon (ISBA).11 h gov8rned by 8 8tsaTd of Governors. arn also company dlieclofs and chailty Iiustees. Group Struclurn School ha8 8 8ubBldLqry undèrtaklng, Edg8 GTOVO Nur88ry School Lld, whlch was acqulr•d 88 Rexton Nursery School Llmlled on 19 December 2016 and thè company namè 8mend6d lo tha current m& on 20 De¢embor 2016. Tho 8ubsldlary hold8 Iho 1•860 lo School Hous•. Church Road, Adonham. H&rlford•hbro. WD25 8AP Irom wherg Ihe School op•rate• 118 Nursery facllty. GDv•rnnce and OrgAnl8atlonal hl8nagement Tho m&mbers of Ihe Govemlng Body. as Ihe company dkeclors and th8 charlty Iruslee5, are legally responslblg tor I1 over011 manag8m•nl and control ol th& School. Thè followln9 8•Nèd a8 GovernfM8 durfno the year In què8I0n'. Mr C H J Clayd•n Ir•sIgd 02 F•bruary 20241 Mf D A E Wlllhm6 Ilnlerlm Chalr 03 February 20241 Mr P A Kgnd411 IPuty Chalrl Mr D G Emkes Mr A J Godlrey Mr Z Khawala Mr C E Lllley Mrs S O'svlllvon lrn¥lW'. July 20241 Mr A J Robson r l A Sheldon r J L Sloveng S Maughhn lappolnl•d S Oec•fflber 2023) Mr J W Tw*ddl6 Iraslgned Juty 20241 Mr8 W Kent lappolThtad January 2024) Mr A Azlz18ppolnled 19 March 2024} Mrs M 8orn•ll1oPPglnted 25 Jufio 20241 Mrn S R Porry I gppolnled 25 June 20241 Mr N mahnt l oppolnled 25 June 20241 M¥ G Burggr {apInted 2S Juno 20241 The GovArnoTs havg no benefla1 Inl8re51 In tho compny. All of th• GD¥èmors Af9 m9mbgr5 01 the company and. 55 such, guaranlee to contribute È1 In the event of a wlndlng up. Tha G¢>v8mor8 delermlne Ihe gonernl 8lralegy of the School. Effecllve govemanc• Is ensured Ihmugh: 1Srslly, the Apwnlment of Goverrr$ wllh a rang& of reknvenl skllls and knowlgdgè as mgB$urod 898ln$l agreed p8ramèlers', Secondty. Ihe efllcl•nt workln9 of the Board'$ de19galed comrnllleg sliucture (see below)- and Ihlrdty, through appllcatlon ol 8 flsk management regim whlch seok$ lo cover o110speGts of tho governance IAsk. The day-lo-dBy management of Ihe School ts d?legaled to the Head 8nd the Bursar who arg SUPPOrtgd by Ihe Senior Leadershlp Team and Ics8lhgr this group form th8 Kgy Management Personn81. The Head and Bursar a11gnd all of Ihe meettNJs of Iho Govem5ng Board and Ils commltlees.

EDGE GROVE SCHOOL TRUST LIMITED fLIMITED BY GUARANTEE) GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPOR FOR THE YEAR ENDED 31 AUGUST 2024 Thè Gov8rnor8. ass181ed by tho Head, 8elecl m•mber8 of lh& Board, Appllcallon5 for the poslllon ol Governor aro soughl by wold of mouth. Tho lull 8oafd ol Govgrnofs ffleels al l&asl 3 limes per year. The Board Is 885151ed by Committ888 whlch carry out ckjse scrutiny of Ihe Governors. sponSibl11beS and whlch meel lemty. A eomffiittee $trueitsrè eompiL4ing Education, Estat•# arKI Flnance Committees hos b89n in plgco sin¢e 1$1 S9plember 2014. These cornrnlll8 ctrmprfse Govtrmors and, wheie applkablg, olher CoPlEd IndlvSduals. All th ¢omrnllleg8 opeialg under I?nE of r8l•rnncg by the Board of Governor5 which rÉtille8 thè decision5 01 each Mmittee. Th• Chalf and O•puty Cholr ol Govfrrnorn •r•, O¥<ffklo, mgmborn of all sub Gpmmlttg91 and arf4rige IhJl el IvJBt on$ attend all meeUAgs. The Boafd opernles B str8leglc ptrdnnlng PfOCeSS of all Boafd Members ralher Ih8n doltgallon to è speelfic comrnttteo and th15 meèls al leg$1 annually. Ouring th6 year in question. other Boaryj members sewved on th? IndivldL41 comm1tt0tr8 as lollows: Flnanc•: Mr Z Khawaja (Chalfl. W¢ndy Kent, Mr C H J Clayden. Mr D G Emkes. MrA J Robson (ex olltck) as Chatf of Eslalos Committoa), MrJ W Tw¢ddlo, Mr D A E Wllliam8 Edu¢otlon'. Mr l A SheldDn {Chalrl. Ms A J Godfrey. Mrs S O'sullfvan EstAt•s: MrA J Rob8on ICh8lfl, Mr C E Llll8y. Mr J L Stsvens Indlvldual Govemor8 held speclllc fesponslblities for Saleguarding, Edu¢alkJn, Heallh & Salety and Staff Llgtson. Governor Inductlon •nd Tr4lnlng Th8 Inducllon end Ir4lnlng ol Govèrnor8 Is eèrrlèd out In aceordanc• wllh School'8 PDll¢y on tho sub5ect, whlch a180 covèrs the process ol appolnliTrJ Governors. In oddltlon to re¢elvlng a dolalled Govemor$' Welcome Pack.. n&w Governors attend serie8 ol orlenl*llon v15ils and brkfing8 glmed al lamlliail$lng Ihem both with the d8lalled workings ol th8 School and Iho rèsponslbllllles att4Ghlng to th91F fole as ITUSlèes. Govglnors aig glso requlrgd lo underyo Salggusrdino Irglnlr)p IhroLyh EducAr8 ond lo ba up lo dote wllh tho most recent publeation of K••plng Chlklf•n Sale In Educab'on IKCSIE). Followinp Iheif appolrblmenl, Govèinor8 arè strongly urgod lo tako adv8nt8g• ol lh• numÈrous èxternal InJ818è training and ln10mOI} ¢our8e8 ovoi18bl•, and a cenlral reGord ol Buch alieThdEncg Is malnialned. Itls our poilcy thal •t19431 On per yfj8f, a lolnt slaff and governor Iralnin9 day Is Bffan98d on B loplc of mulual Inlgrosl. R•l•t•d Partl•s No Govornor rK>f Koy Managgmonl Per60nng1 had èny $lgnlflcanl r81oted Iran¥aoltons wlth the School durfng lh8 year. R•mun•ratlon of Key Man4gernent Personnol Tho School vlews all mgmbef8 ol lh& Senlor Le8d•rshlp Team ISLTI as b•lng'Key nagement PerBonnef and Governorj tsk• d&llberal• steps lo er4ufe thèl these pèrsonn•l are f¢lily and •pproprlat¢ty remUrated. Mr E Ballour Mr8 GP Dlpp•rwr Mr8 M Wrlght Ms J Lolghton Mr RJP Slanl&y Mr5 E Balfour Burser & Company S8crelary Deputy Head IPostor811 S8fiior D¢puly Head IAcad8mtel A55L8tanl Head (Stall Developrnenll AlStant Head (Junbr D8partmgnll A••l8l•nl H•ad (Mkjdh schoo Ilo 29 F•bruory 2024) Asslslent Head ID(glial Dgvelopmentl Diie¢lor of Mgrtel+ng and Admlsslons A6slslant Head (Co.CurilGuiarl Mr• S Rabln8on MrlKay Mis P Hopklns Mr 8 M¢Manui

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS. REPORT IINCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST2024 Tho Governors d?1gmine thè remunerollon levels for Iho Hgad and Bursar aflaf du8 ¢onsldofallon behmen Ihe Chalr, Ihe Chalr of thè Fln¥nce Commlllev, the Hegd (ln Ihv cgso ol the Bu18ar) Ènd olh9r Governors as may bg 8ppffjprfate. These Bre reviewed 8nnualty with duè conslderallon glven to not onty seclor b8nchm8rf(ing suNeys, such aB Is avallable from AGBIS aTvJ otrr from Bpoeiaknl accounting pr•¢ti¢•s. bul 8180 to rfoant& against obièeiiv•# lèt. The remunerallon for 811 olhef MemTS of the SLT ts based up a deflned and publlshed leadership splary scale. changes lo whlch are recommended by Ihe Head and Butsar as 8 con5Utuenl el?ment ol Ihe staff remunerollon I1¢W by Govemors. Ch8ngès lo individud rernuratitsn may also bè recommended lo Gov8rnDrs lollowlng appralsal anL1 perfomian¢& ggalnst oblecllves sel. Governors are Invlled to approve reGommendaUons as part of the over811 annual budgetary 8pprov81 process or a8 olhoThvl88 appropriAt6. CHARITA8Le OBJECTS, eTHOS, AIMS, STRATEGIES AND ACTIVITIES Charltable Objects Edgg Grove Is a Charflable Trust, Ihe slated genero1 oble¢l ol whlch Is Ihe advancement and promollon ol education as per the Articles of Assoclation. 05 &dopied on 41h Seplember 2014. Fee5 are sel al o tevel to ensure Ih81Snon¢lal vlablllty of the School 8nd al 8 levol that Is ¢onslstenl wSlh our alm of provlding o Ilrsl ¢108$ educgllon lo boy3 gnd gSds. Furthermore, thè Go¥emors recognlsa that, under Ihe Ch8fllles AGI 2011, Ihe charlty fflusl be able lo demonstrale Ihal its obl&cts or 8lmB ara for t publlc bgnalll and do so ty 8Stabllshing ond admlnLsl•ring bur8orl6s. gr8nt6 and awards. and aclln9 as Iha Irug190 and mon8ger ol propeity. endowmgnls. bequos1$ gnd gllls glvon or •stsbllshed In pursull of Ih•$• Obl•cls. Mlsslon and Valu•s Edgè Grov8 Is 8 18adlryJ UK prgp school for boys and glr16 aged 3-13. Whatever thelr abllliles, gender. race. rellglon or bell81. sex or sexual orlPntan. all pup115 develop Inlegrlty, Independence 8nd Insplrath)n. INTEGRITY Puplls fael healthy. sala. happy and proud lo belong and be a unlque part of tho Edge Giova communlty. They enjoy 1riend8hlp and fun. promole kkndnes$, livlng and growlng In alrJnment wllh Ihg followlnp sell4lecled 16 core Values: Conltdgnce Pas8lon Delermlnallon Dlver$lty Unlty Responslbuity Rlsk-laklno SI$manshIp Creallvlty Inlgpilly Tru81 Empathy Klndnès9 Rgspocl Humlllly Tolerance INDEPENDENCE Puplls dev&lop. Ihrough chIldnIred 8clive leamlffj. inle118clual. physlcal and wrilual confidence and independence. sell- molfvallon and agency across 8 broad rangè of academlc, co4urilcular and pastoral acllvi1188 and 8xpèrhen. Try 88k and an$w8r quosllons. dv4velop curlrislty. a Growth Mindset. passlon entreprenevrshlp. INSPIRATION Puplls hon8 Ihe lolbwlry transfgr8bl•,1Slelong World Economlc Forum #kllFs for luluro success and personal fullllmgnl.. 1. Anal1¢31 Ihlnklng and Innovallon 2. Acliv&19ornlng ond1garnSng stra1991gs 3. Complex problerrpsolvirrfJ 4. Cril¢co1 thinking and analysig 5. Re8lllence. sliess tdernnce aNi nexibllity e. Crgatlvlty. orlglnallty and Inllkllvg 7. Lead9rshlp and so¢lal inlluence 8. Reasoning, problemv3tsfving and Ideation 9. Ernolional inlelltgenc9 10. Technology deslyn and programmlng

EDGE GROVE SCHOOL TRUST LIMITED ILIMITED BY GUARANTEE> GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST2024 Alms Thg School 8im$ lo provldè o secure and happy ènvironrnonl in Ithich children I1 9819. nurlurod ¥nd valuod. We promoi& hlgh 818ndards of acod$mlc 8¢hitv•mgnt Ihrough Innovati. refledivo leaching, focussed ass688mfrnl Bnd a rfgorou¥ cuirlculum I ensure all puplts feach thelr full potenllal and develop Ihelr confid&n¢e, and ihereby prepare Ihem as effectivety as PDsslblp lor the noxl slage of Ihelr 8duc8lion. Thg SchoDI strbves not prty lo achleve academiG JuGces8 bul olso to provKle a wlde range ol opportunillgs In a coikncalional 6nvlronment to enable pvplls to discover and develop intefests and expand thglr exnnce. We seèk to a splriiual 8nd morpl aWar•n in our pupils based on the mLssion and valLt88. Prlmary Objpctlves Tho wifflary objectives of the School to fulfil its alm8 arn: to conllnue to 8eek opporlunltles lo maka118 eilucglbn and o•socl•tad laclllll•s acce8$lbt8 10 th• pubjk. •nd yoiing people In partlcular. lo Implernenl plans for th• Schoofs ¢apSlal Invgslm•nl as set In Ils Dèv8kpmonl Plan. whlch 1$ revlowed and updalod onnually; 8nd lo conllnue lo seek opportunllb8s lo maka Its educ8Uon and assoclaled facllllles attes¥lblè lo lh8 publlc. and yourwJ peoplg in partlcular. M•n•flclaflas As a re9lst8red chgrlly, Ihe Schoofs Immedkqle bertclarIo$ afe It8 pup115 who are abl8 lo tske 8dv8nlage of wld& and vari educaiionol OPPOflynilles off•rad by Iho School. Tho scho,6 hlgh standard5 aro found8d on a genuln8 concern lor th8 wellaro •nd poslllvo d8v•lopm¢nl of every chlld. Emph891g on courl8sy and oood manners Is embedded In a real laml 8lmosphei8 wilhln the School, and paren1$ are encouraged to h lully Involvéd In Ihe devebpmenl ol Ih91r own chlldren's edu¢allon and In Ihe wldw commuth Df Ihe SchDoI. Pupilg and pargnw vl&ws are fully t8ken Inlo accounl In the shap]ng ol school poll¢y. Publlc 8enètit Gov•mor8 have consldered Iho Charity ComTrds81on guldanco on publlc nefIt lo Inclwjo th8 folk>wing.' Bursary pmylslon., Charllablo gfvlng; Local communlly Ilnks end partn&rshlp8: Provld? grealor oxpertlse and access 10 18¢111119$. 11 Is ImpDrlanl to the sc01 Ihal access lo Ihe education wo offai Is not reslrl¢led to only Ih0s6 who can afford our I$. The School's poIY for th& award ol scho18rshlps and bursèrles (re¥w annually by Ihe 8oard of Govemors) ensures Ihal funds 8ro made avallable lo subgldise plac88 al Edg6 GfOV8 for des&p41ng and thnted chlldrèn from famllles 8Xlf•ntln9 unfoTèSO8n or lemporgry firtanclol hardshlp, but not to Ihe excluslon of the much wlder bgn8fil. Th058 puplls who oltond the School and who receivè financlal support conlrlbulg lo the Scr01 community in a variety of ways, and so Ihe benefills nol purely lo ihese pupiL8 bul ts th• whol? School and thu$. In soma Cases. lo th8 wlder communlty, An gnnual budggl lor means-tesled bursarle5 Is è$labI5h8d by Ihe Govèmots. Flnancg Commlttge, pGllng on beholl of tho Boafd, 9$ a ¢or6 element of the annual budget process 8nd IndNidual 8ppli¢allon5 afe èssessed by the School ithln Ihal budget Ilmlt. Tho 8oefd Is plèased to nolo Ih0t11 whs gblg Io ¢OhUnu& lo provlde very bnifiCan1 lovel8 of meAn84asl•d Ilnancl81 assistance wlh an annual value of £208.50612023'. £356.271). Fundrnlslng 11 Is tho inltrnlion of lh8 School that all lundro18lrwJ be carried oul by the Schools slaff wlh assSstance ftom parenls. puplfs aThl olumnl In IhE runnlng ol speclflc fundr8151ng events,. ihe S¢hoo1 will not use profe5sh)nal fundralsers OT have 8ny commerci81 parlicip8nt8. Furwlraisln9 is monitwed for cornplianc8 wilh approprlal8 f&lluiation$ by Ihg 8urs8r wflh overall ovèrnhl by lh• members ol lh• governlrKJ body.

EDGE GROVE SCHOOL TRUST LIMITED ILIMITEO BY GUARANTEE) GOVERNORS. REPORT IINCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The Schwl h8$ In Pl prodre$ Ihal would be lollrywed In Ihe evenl of o (¥)rnplalnt regardlng lundralslng praGIIGes belng rec8lv8d wllh lh8 Inlltal response bèlng the responslblllty ol the Bursar. Any conknnuing168u88 would Ihen bè p88sed lo the governing body lo delermine whal furlher aclion might be requiied. The School does nol ¢uff8nlty subscrlbe to ary spe¢lllc fundrglslng slBndards or $cMe$ for fundrntslng regulation bul considèis Ihat it has #èt gpproprlalè standards for opèration and m&nagomgnl of its fundralsing aetivities. In partlculgr. th6 sch( consldets Ihal Its Pfocesses ond controls $lwld ensure Ihal vulnerabh people and olher members of the public gre prol8cl8d from any nasonabl& Inlwslon on 8 Pgrson'8 prlv4cy and Ihgt no fMdro18lng gdlvlllgs woukl be unroa80nobly perslslenl OT place undue pressuTe on o person lo give rnoney OT other wopErty. 8TRATEGIC REPORT When d&l8mlnlro thè slrategle8 for the Schoofs oper8llon. Govemors gre bolh rnlndful ol and act In good fallh t(hvards Ihelr corporate r&sponslbllilles across a rangè ol arèas aNJ thèlr duty 10 8cI In the way consldèfed. In good fallh. lo bè mosl Ilkoly to promote the succass of lh8 company for Iho b8ngrrt of ils mgmbgrs as a WI1•. and In dolng so havg rogard {amongsl othar rnottersl lo.. Ihe likety Gonsequences of any deGlsion In the long tem: Ihe Inlerests of tho School's employees: need lo foster the School's bu$ln•s$ relotlon6hlps wilh suppli•rn. par•nts and oihr8,' Ihg Imp8cI ol the School'B opeiallons on comrnunlly and lh8 envlmnmenl,, Ihg d¢$lrabUly of th? company mdnlalnlry o fepulallan for hlgh 8tAnd8rds of buslngss conduct. Achlèvgmgnta and Performanc• A mea8Ufe ol gènèr•l opgralional pgrform8n¢o15 Ihe number olloavers vmnl on lo Ihelr chos8n sgntor school. From year 8. 16 pupllg moved on lo a 10181 of g sanlor schools. From year 6, 38 puplls moved on to 19 differenl schools. pr8domln8nlly day 8clwls. A lolal 0124 8thlarshlps were awarded lo pupllg entered for dlfforenl schools al both 11+ and 13+. Undorsl#ndlng each CNIJ'S unlquo 8ducollonRI loumey begln8 wllh prgc189 Insh1 Inio Ihelr pol8nllg1 artd progr898. Al th• ho8rt of the School's commltment lo 18lk)r8d educ8llon 1$ • robust 8pproa¢h lo Imcklng and monllorlng pupll dw•lopmenl, Irom EYFS through lo Yg8r 8. By Invgsllng sn{flcOn1ty In Ihoso 8yslem$. lh9 School •nsur•8 that ovgry chlld'l grovrth Is mgasurod cons151gnlly and oblgctlvety. Th1$ dala-drlvgn gpproach nol only supports teachers In delelIng dlffgr8nUaled gnd largeled Inslru¢lion bul also koeps por¢nl$ woll-inloTmBd. These iigorous as885smgnl prncticey underpin the School's broader feporting ond traGklng frgm8work, tlvough whlch., 1. EYFS A8$•53rnenl Chlklren In thfr EYFS are assessed 81 bolh Ihts start 8fKI end of each a¢ademl¢ year. These a5ses$menls ar8 grounded In ov¥Jolng observalfjons made by the EYFS team 8nd systemallcalty racordgd uslng T3pIry. Each obsgiygllon Is ¢orfjfulty mappgd lo ihg School's gssessmenl Ir8mework. ensuilng g mggningful ar conslslgnt unde111n9 of •vgry chlld's dev•loprn•nl. 2. GL As$o88menl- Malhs and EngllBh From Recepllon onwards, pupll Progress In English and Malhs 15 monltored through GL Assessmenl's Progress Tests. Th8 provlde In4epth diagnostic insithls Ihal Inform timety inteNenlion8 and help thè School anaty38 trend8 ar ouicornes across kgy pupIS groups. Including Ihosg wllh EAL. SEN. and by g9nd9r. 3. GL PASS- Pupil Altiludes lo So11 and School To gain a luller piclure ol pupil wellbeing end engagemonl. Sch7 use5 GL'S Pupll All11S to Sg11 and School IPASS) survey for Years 1 to 8. This offers valuable Inslghl Inlo puplls percelve themselves gnd Ihelr 8chool gxpeilgnce, supporting both pasioTal care and academk plannlng. 4. Willing Assossmgnl Wrlllnp 1$ •vlualèd •ach l•im ag•ln$l cl•8rfy d8fin&d ago-r•latod •xpèct811ons, provlding 8 Cu1n1 #nd f•lèv8nl measurg ol progréss that movos bayond thè outd8lad NAtlong1 Curikulum 1ovo18. Ro$ull8 are r¢cord8d on a Progrosslon Grld. supportlng ¢ong1stenl tra¢klng over lima.

EDGE GROVE SCHOOL TRUST LIMITED {LIMITED BY GUARANTEE) GOVERNORS. REPORT IINCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUÉUST 2024 Whol•4¢hool Acad•mlc Pflorltl¢$ forth Current Aeadomlc Y•ar The School has Identlfted a number ol key academlc focus arnas d8slgned to enhanco 18aching èff8etlven888 and Improvè puPII (tCOMeS acros$ 411 y88r groups: Slr•nglhening Phonlc8 ProvlBl¢n A comprehenslve phonlcs progfamme Is belNJ embedded across Ihe JL1 and Middlg Dep8rtments to onsure consislency. QDur, and progression in o•rfy reading instruction. Rallning As8e38rnenl and F88dback PracUce8 A whole-school approach Is belng developed lo create meanlnpful. chiW4èntrnd systwns tor m•rklng. 8s$¢s$rrnt. ond poriinwpAnnino Nutsèry lo Year 84n8uring f06dback 1$ PuOs81uI gnd dwgJopmfrnI. Hamesslng Technology for Pèrsonat150d Leamlng A141riven leamlng 10018. Sncluding Century Tech. are beiTrJ Inlegr8led across Engtish. Maths. Scler, Non&vooI Reasonlng.

nd Ver1 R•&ionln9 ki provldo tal1•d 8upport and chpllon9e I every learner.

Enhanclnp H8ndwrillng A r•n•wod emph#¥i3 on handwrltlng Is undèr4¥ay, wilh lafg•l•d 81rat•910s to raS8• sland•rd8 •nd consl$l•ncy •cro•$ y•ar groups. Ralslng Standards In Sp8lllng Spolllng conllnug8 to b• # whol•v8ckK*ol d8v•lopm&nl prforfly, wth slructufed approh•S In plac• Its 6upporl Improv•m•nl and r•tenllon. Currlculum Development in HumaAili08 A fevlsgd Humanltigs currlculum Is belng Inlroduced Irom Year 1 to Year 8. deslgned to offer greater cohèrènce. depth, 8nd f8levance across History. Ggogfaphy. and folaled dlsclplines. Across Ihe School. th& majority of year groups are perfomilng at èn 8bovo average level. In Maths. All yeBr orodps - wlth th? exceptlon of Recgpuon and Year 3- achleved mean sc(>Tes wllhln the abovè average band. Slmllafly• In Engll$h. all yeat groups •xc•pt Recepllon, Year 1, and Year 3 reached th18 le1. Nolabty. pupII progress In bDlh sublecls Is partlculirly slrono In Ygar 4 •nd Year 7, where A¢10rated d910pMen1 Is gvldenl. In Yeor 7 Malhy, lor example, 76% of puplts •xceeded expected progress bèftchmarks. fèllecling th& offecliveness of largelad t•athlng and currlculum dellvory. Thls yaar ha8 boon partkularty 8ucc•8sful In lom8 ol sportlng a¢hl•v•monl, wllh #•vernl cohort8 d•mon8tratlnp •xcopUon•l ablllty and promtse. Notabty, our Year 4 boys glrls havo $lwn conslderoblè polenllgl across 8 rangg ol dl$clpllngs. whllo our Year S boys havo also stood out lor Iholr slrony performances and compelllfvg spirit. Slrong p•rformances hovg conllrbued In lable lennl8. partlcularfy kn Years 5 and 6, os w?11 as In cr¢xs country. where Yearn 3 and 4 hav8 excelled. 8ullding on these successes. Ihe School is focused on $xt8ndlng Ihl$ lgvel of achlovem&nl aeros$ a wldbr range ol Sports and year gffjup$, fostering a cullufe of 8llqovnd sporlln9 e¥Gell¢nGe. Among Ihis ygarfs standout sporlirKJ achievemonls are Ihg U1 IA crlck81 team's Impr8ssivè journèy lo tho county cup fing1, where Ihey wera narrowly deleated by Ihe ovenlual champb)ns. In lobl? tennls. b)th th? U11 and U13 boy5. and gir15' leam5 cLqlmed vlclory In Ihelr r95peclive di$lricl compollllonj. Further $ucc866 lollow•d 81 county laval. with tha U11 g1rf8' laam 88curing an outslandlng fir51 pL9ce and the U13 boys. team hlevIj a commend8ble second-3¢¢ ftn15h. The School rernalns d&&ply commltted to Ihg perfoirnlng 8rt9. fg¢ognlslng Ihglr vllal rol8 In a WelroUnd&d eduGollon. Whll academic success-reflecled In senior School arl sGhol8rshlps. external exam rèsults. and oulslanding pèrforrnances In mu8lc compelilbns4onlinue$ 19 stand out. these achlgvernents represent Just one ospecl ol a lhion9 prog(amm8. A wt(Jg array of musical concerts. year group showc•ses, and wholethschl producllon8 •nsuf88 Ihal pupib from all yèar groups given meanlngful opportunlllts lo parllclpale. perfwm. and grow In confldènce.

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST2024 Employment PolScy The SchDDI Is on 8qual OPPDrtunllles empfoyer. Full and lalf constderallon Is gfven toJob applicallons from dbablÈd petstsns and due considwallon Is glven lo Ihelr tralnlng and employment needs. Tho number of School employe0$ rem81ns below the threshold for a requiremenl to reporl undèr th& Gendgr Pay reporling regulat$ bul the School delemlnes Ihal all 8taff femuneratlon Is based upon Ihe role lo be p&rfofmed ard not the nalurè ol the employee. Consullalion wth employees al all lèvélg malnlalned wllh Ihe alm ol laking thè Vie ol employe&s Into aeeounl vthen dgclylons are made that arg IalY to 8ffecl their inleresls. EmployeK aro made aware ol the Itnanclal arKI economk performance of the School Ihrough normal m8nay&menl channo16 bn a v8rf6ty of form5 IlUdI the Personnel Commli¢•*, whl¢h 19 chalr•d by th• Deputy Chaif of Governors. FINANCIAL REVIEW Genèral Roviaw In the flnanclal year 2023r24. gr055 feg Income was £7,458,987 {2023'. E6,997,262) An Increase 01 £461,72516.6%). Averogg pupll numbers decreased moedslly from 438 In Ihg Autumn 2023 to 429 In the Summer 2024. Cash balances g&n•rat8d from op•r8llnp surpluses pmvldèd thè fundlng Ihal enabled t166.212 12023: £159,843) lo b• allo¢gled lo capltal prolects dtrslgned lo malnloln 8nd Improva tha Sehool's 1o¢llillè8. Doftallon$ and kg#ci63 iecelved or confirm8d durlng tho year amounlld lo £12,13812023: £16.575). Ov8rg11, Ihg Gov•morn coder Ihal tho oparatlno 8urplu8 b•lor• •xpondllurg on capltal prol•cts 8Tr1 olh•r translers of £118,098 (2023.. deflcll 01 £352.OT41 represented 8 581isf8clory performan undef the Pfev8lllng clrcumstancès. The Governors con8ldei Ihal the lulure vlobllity of Ihè School's Ilnanclal poslllon and 8lablllty holds some polenlial Chaenge6 wilh r•gard io a numbgr of foclors, Includiro decre881ng pupll numbers and the eGonomic 8nd polillc81 climate. As 8131 Augu512024, ng1 consolldaled general unresldcled lunds stood 81 £7.35g,291 12023.. £7,246,248). These lunds were wholly doployed In fundiro tho School's piambsg$. equipmenl And worklng capltal. The balance of funds needed lo finonce Ih&s Itoms h45 beon piovldgd through long1gmi10gns. secured on freehold propertles. As 8131 August 2024 lotol borrowlngs were £2.450,415 12023: £2,621,201). N81 cosh balarS at thè yèar-end lotsllBd £1.264,213 (2023: £647,058). qn IncreABg of £817.155. R•sory•8 Pollcy and Fln8nclal Vlablllty Each year B deiall8d budg81 and cash flow 1$ produ¢•d lor Iho lollowlng y8•r and Perk performanc• is monltored Ag8ln$l thos• f&ures. In setllng Ihg dget, Ihe Gov8m0. policy is lo generale 8ufficlenl reserves each ygOT lo enablo Ihe School to Invest In Ils Infi8slfuclur8 gnd luifil rts Oevgloprnenl Pl?Tr, 10 Support and s8Nice Ils borrowngs. as wo11 as to providè working Capllal and lo &nsur& Compliance with relevant banking covenants ImSèd as p8rt of lh8 School'$ bonk borrowin9s. The School wlll ullllse all ol ils rèsolvès In me8llng Ihese aimg and does not expèct lo ggngrale free reserves ovèr and above tho level roqulred lo meet them. Annual cgsh surpluses represenllng the School's Ilquld resour5 aro man8god carefully In ord&r to servlco 118 worklnp cspllal requlrements.

EDGE GROVE SCHOOL TRUST LIMrrED (LIMITED BY GUARANTEE) GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 PRINCIPAL RISKS AND UNCERTAINTIES The School'8 strategy continu&s to bè lo focus upon th& conlinued provision of its Se¢ce8 fo pupils. parents and $lafl o1ik• whllst seeklng lo malnlain adequat8 resepies for the fulufe. Durlng Ihlg pewlod in quesllon, the Governors, togelher wlth Ihe School's Execulive MRnao&m•nl havo ma5nlalned a ¢1056 watch over all ¢ash b8laftc08, bolh turronl and loro¢a81, In a formBI drNe lo ensure that the School remalns a'golng concern. and Ihal loan covenanls agreed wllh lenders femaln Inlacl. Rlsk Managgm•nt Th& 8oaTd of Govemors relalns dèiailed considerglion of rlsk manaoemenl as Ils direcl responslbtllly and has assessed th m8lor rlsks lo which the School Is oxposed. Tho rlsk management procèss Sdgnlilles ilsks, a55esses Ihelr Impuct and likelihood •ThJ, whoro n•cossary, r•commonds controls lo miti9ale ortd monllor Iho80 rl8ks thal •r• ••¥0•d J¥ hl9h, The generic controls used by the School lo mlnlmlse risk Includ8'. dets1 torms of fefèrènce together with formal Bgenda8 for Committeo and Board •clivlty: straleglc dwelopmenl plannlng, revl8wed al188818nnually by Ihe Board,. compr8hènsN¢ bLNJgellng and mÈnagem8nl è¢Gounllng', establlshed OTg&nlsallon41 Blruclurnj and lines ol reporllny; formal wrill6n polid•s lrtcluding cloar aulhofisBIiDn orid approval levels: ond velllNJ procedures as reqUfjd by law for Iho Ptec110n of tho Vul14b1g. Thè Gov•rnors fggularty revlw th• •ffecllven•$s of curr•nl plans gnd slralegl•$ for marwolng Ill Sdtnllfted major dsks lor bolh the School and It8 8ubsldS8ry. All Govemors, comm1tt888 mBlntaln rlsk man8gemenl as a $landlng liem on m•èUng ¥g•ftdgs arKI each c8rrl8s.out a ¢ornprehgn8fvè conllnuou$ •PPTo1$91 ol the rfsks 8ppltcabl4 10 Its spgcific 8re8 ol respon5Ibility. Thg Head gnd Bursaf produc& cornmenlarle$ M Ihe rn0818frr6Du8 rf8k8.' aclions rgqulred lo mlli9al• th08• rlsk8 arn klonllffjed ano pro9r6s# ori Ihelr Impl¢mentalb)n Is carelulty monllored wllhln each rKJmmlllee. The 8oard Gon51ders all rlsks al each meellrnJ and a formal Govefnofs, Rlsk Repisl8r is lormally endorsed by Ihe 808rd each year. The Board that By$lpms cannot provld• ab8olule assu¢• Ihal all po581bl8 rlBk6 hav8 been td?nllfied or managed. Saf•guardlng Rlsk Monagèment The overrldlng duty ol charlly lrnslees In 58feguaryllrq matlors Is Ihe responslblllty lor ensuriny Ihal Ihosg bgrnlllln9 from, OT worklng wllh, Ihlr tharily or8 not haTrned in Bny way Ihrough Contact wllh 11. They hova a lagAI duty lo ecl prudenlty qnd Ihls mfran$ IMI thèy musl lake 811 rea8onabte 8lep8 withln Ihelr power8 to en8ur• that tN8 do&8 nol happ•n. The Govomors ¢onllrm that thèm hove been no Incldenls In Ihe poriod Ihal r8qulr8d reporfln9 to Ihe CharSly CmIssI)n and that Ihey hav8.. $sossed the sgfeguordlng flsks that mlghl 8rlsg fffjm Ih8lrcharfV$ 4dlvlUe$ and opw8llons,' er881gd, developgd and pul In place suitabl8 pollcSos 8nd pfoc8dyro$ lo handl• 811ogalrong and inc¢danl$: undertaken onwlng monllorln9 to ènsure 8ffecllv8 Implernontatlon of thos6 pollcltrs and procedures; lpken steps lo ensure that bolh Ihe Boafd and staff working within Ihe Ghaflly respond propeily when allegaliL)ns and inddenls arfsft and port as necessary lo Iho poli¢e and olher agencies., ond reviewed pollGles ?j procedures both periodlcally arwj followrKJ serlous OnclentS, uslng Ihelr expeiience of particukr Incidents to man890 and rninlrn150 the rlsk ol som8thlng simi18r happ8nln9 agBin by making any necessary

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPORTI FOR THE YEAR ENDED 31 AUGUST 2024 PLANS FOR THE FLrfuRE Prlmary SlrAtèpl¢ Obj•ellv•¥ The S¢hoof8 cuffenl 2021-2024 Dgveb)pmtnl Plan. wlth116 Accompanylng Strategic Vi8lon undtrplns the bfoad (lireclion of Ihg School's objecllves. The wlmary future plans for the Scfthl are sèt out In tho Core elem15 ol thg School's Straleglc Vi&lon. These are: to conllnuè lo ensure the c8mpus has a Salè and 8llra¢tivè environmt lor puplts. staff and vlsltots allke; to provlde o happy and secure pBstornl environment. in which 811 pupils 8r& offered opportunllles for leadershlp and Sèrvlcè to olhets: lo provide a slimulallng learnkng en¥iT(wmonl In vA)Ich puplls can develop Ihelr acadernlc potenllal lo the full; to offèr all puplls thè opporlunltl88 ol experlanclng a broad rarya ol Inlelleclual. cullurnl. sportlng and wld&r- communlty infftuen¢•8 and lo malni8ln th• copablllty of the School to offor •du¢allon to chlldf•n whos• p8ron18 Are un•bla to allord full l•06, 8p•¢lllc Obl•¢tlv•• lor 2Q2412S Tho School w151 conllnue to offer a hlgh quallty. 811 ft)und •ducBllon In Ilnè wllh the thr•e key 818MlS of Ils longer lerm strategy and elhos gnd alms as dglalled obtyvè. Th• Board of Gowmors has idènlined tho following sp8clflc obSecll¥e8 for Ihfj forthcomlng year 2024125.. 1, DeloP the straieglc1gadershSp ol Loarnlng Success and 98labli5h a tiered qpptoach io lèamlffj Int8Nenllon Ihmugh a clear 5tern of Idenlillcalion and refgrral. 2. Emb8d a culluro ol equality. divèrsily and Inclusion across school by actlvety promollng proclkes Ihol encourage fespecl lor one ¥nDlher. 3. Conlinu& lo 8mb•d o strong culluro 018afeguoiding ocross Ihb school 8nd èstablish a pupil 8UPPOrt leam. 4. Rgvlgw exlsllng èppr01sè1 processes 10 ensur• a cultu18 of pow•rful, hl9h quallty proffrsslon81 developmonl for all 8lafl Ihbl L% meanlnglul and p8r80nalls•d. DISCLOSURE OF INFORMATION TO AUDITORS Each of the Governors ha5 conflimed Ihal, Insofar as Ihey 8fe aware, there Is M Infomallon of whlch they ar? 8warn whlch 55 rel&vanl lo Ihg gudiL but ofwhich Ihè 8LbJilofs firè unawaf8. They have lurthèr confiimed that thèy hav8 tgken appropriaig glèp$ lo Ident such refov8nl inlormallon and lo eslabllsh that the auditors 8re aware of such Informallon. Th15 report, Includlng the Slrateglc Reporl. was approved by the Govemors. as th8 Dlrector8 and Trusleos of the charflable Mrs M Bgrn•lt Chalr ol GovèmoTS

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) STATEMENT OF GOVERNORS. RESPONSIBILITIES The govermrs. who 8r8'0lsD the dlreclor6 lor the purposes ol compgny IBW. 918 r•sponslblo for prbparhg the Gov8morg' Report lilUdIng the Slialegic R6pDrtI and lh8 finan¢lal statambnts In a¢¢ordan¢o app¢bI01aW and Unlled Klngdom Accounling Slgndafds lun11 Klngdtsm G•nèralty ApIed AccouTrling Praellee). Includin9 Flnan¢i81 Reporting Stsnthrd 102 ryhe RnanclAI Roporting Standard th the UK I1 Ropublk ol Irdand. Company faw roqutr•s Ihg Govèmors to prnparo financlal 818l¢mon18 for each financtsl yegr V+hlch glv& • Iwè and fall ¥lth¥ ol lh• &ffolrs ol the ¢harltBbl• ¢ompJNy and group. •nd ol the IncOnn9 v•8ource¥ applk&ln ol f8¥oufc•B. In¢dIng lh• Income and expendltufe. DI charltatde company bnd group lor that year. In pr•p3riry I$• finandal slalèmBnts tho g0vwr8 ara r•qulred lo: S0Cl sultahl8 8cMunllng polkles ond apply thom conslslentty: observe the methods and wlnclples of the Chawillgs. SORP: mako I100M81$ 8nd o$tim48 Ih&l afp ieasombla ond prudgnl., end - wepofè lh8 flnonclal 8latemBn16 on th8 SO concein basls uni•u 11 h In•ppropill• to pmum• Ih•l lh• ¢hirfl u>mp8ny ill not ¢onlinug In operollon. Ih• gov•morn r•8pon81bh lor k••plrrfJ •do9UAt• thccounllng rn¢ord• It dlscloB• llh r•aJ(rfwbh cvrs¢y •ny Ilmo the Ilnonclal p08111on ol Ihe ¢haflloblo ¢0MnY aNJ 9roup bnd enobla Ihtsm to ensure the occounts cornpty 1 th• CompaThes Act 2006. They afo also respons1b lor safeguafdlng Iho as$¥ts of Ihg ¢harftsbt8 eompony ar¥J group hence laklr• r•1nIbl $l•p8 for th• pr•¥enllon delo¢llDn ol lrnud ond olhfrr IngulwthJ.

EDGE GROVE SCHOOL TRUST LIMITED IUMITED BY GUARANTEEI REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS Oplnlon W• havè •udll•d Ihè fln•n¢lAI •lal•menl8 of Edg• Grnv• Sthool Tru81 Umllgd grKI N8 6ub8ldl•ry lor lh• y••1 •rthd 31 Augus12024 $01 out on ge5 15 lo 30. Th• financknl frarn8WOrt that h85 been eppll8d In Iheli preppralknn appllcabl8 law and Urrited K4ngdom A¢counllng Standards, Incfudlng Flnanclal Rep Slandard 102 The Fi11 R•portlng Standard applble In tts UK and Rapubh"c of Ireland Iunlled Kingdom Ganeralty Acceplgd A¢nyj Praclicol. In ouroplnloft thè fimnclal stslemenls: - glvè a and faIreW ol the siale ol the group's pnd of lh• poiént chafllabl• rPart$ •ffAlrs as 8t 31 Augthst 2024 And tho group's surpfus ordeficll lor the year Ihon ended., . h•v• b••n prop•fy pr•p•r•d In Kcordonc• Unlled Klngdom 13•n•f•lly A¢¢•p Nx¢ounllThJ Prncllc•: •nd . hsv• b•an piaparnd In #ceardAnc• vAlh th• rnquts•m•fits ol the Compan1 Acl 2(th. Bas18 lor oplnlon W8 conducl8d our pudÈt In 8¢cord8ne• 1 Inlernfrlkn)81 Stsndards on AudlllThJ IUKI IISA8 IUKII and #ppltsbb law. Our responslblllllgs under 81andBrds 8re lurfher descnl>ed In tho Auditorf6 re5POllslbifilles for the aud510l lh8 fLfj8nclal slalemenl5 secllon of our repDrt. We are Sndependenl of t grDup In lth th8 elhlcal IUl1trnenls Ihat ale r•lD¥anl tts our audll ol flnanclal slalomen191Th Ihe UK Includlng lh8 FR8 Ethlcal Slandard. and havg lulfild our olher ethlc81 respon31blS1ie3 In occordwKe vAlh these TequlremeThl8. We ble Ihot the eudll evhJen¢• l•ve oblalnfrd Is sufflc6&nl and appropilole lo provld• • IC our oplfftlon. Con¢lu•lon• r•latlny to golng concern In audlllng lh• On•nclal stslemanls. we h•v• ¢onclud•d th•1 lh• gov•mor8' ol lh• 9olno cofrA ba$18 of •ccounllng In the weparatlon ol tho financlal 8lalèm8nts Is 8pproprLit. Based on Ihe W) hav• performBd, w? haW* nol )lIff¢d 8ny m81•rlal uncortalntlos f¢i4tlng to evonls or condllbns tho1, Ir1VId91lY or eollecllvejy, may cast 61gnlffcant doubl on the groups, abllSly to ¢onUnue ag a golng ¢oThcem for o perlod ol 8110881 rrKJnlhs from Ihg financral stalemeThls are aulhorised fcrf L85ue. Our rt8pon8lbllllM •nd Its spOlb1ll1Ie9 of IM gov•ffth8 vllh re8PgCt to corK•m •r• d••crlb In Ih r•l•v•nl cllon# ol Ih18 ropDrt. Other Inform•tlon Th• uov•mors ar• rn8ponilbl• lor th• oth•r Inlormallon. Th• olh•f InformallDn comprlyw lh• Inform8tlon In¢lud•d In th gov•mors' gnnuBI rnport Iln¢orporollng the dlrKloTr' IOrt ond thg slratg91¢ report). olhBr than Ihe Ilnanclal slal•menls nd our AudSlofs r8port thereon. Our oplnton on Ihe fm?ncl¥l slaigmonls does rK>l wvor tho olhBr InlovMI]o •r#J. except lo th& oxlenl other explicluy slaled In our let, we do nol tsxpres8 any fomi ol assurance conduslon Ir¢On. li

EDGE GROVE SCHOOL TRUST LIMITED ILIMITEO BY GUARAPITEEI REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS In connectlon 1h our 8Ltdlt of Iho flnartlal Gtatqments. our r&spon51bllty ts lo read tho olh8r Inlormallon ond. In dolng 8D. C0ft81d8r wh&lhw Ih? other Inltsmiation Is maleslalty Incons131gnl with Ih? lThamcio18lal¢ment8 OT our kntyfiledgè tsbtslned In the audit or otherni59 appears lo be mBlori?Ily mtsstalod. 11 id9r1t such malerf81 Incvnslslencles apparent matorfal mbsl•l¢ments, w• •1• requlr•d to delermln? elher Iher• 18 a mat•ilo1 mL8stswnenl In I flnan¢lg1 $1otemenl$ or matellal mlsstalamenl ol tha olher Informallon. M, based on Ihe tre perfr4mgd. w condude thal tsre Is a m8lerlal mb51alem¢nl of thls r)Ih8r Inlofmolion, we are fequlred to rep1 thal lacl. We hllvg nolhlng to rnporl In Ihis rega. Oplnlons on olhgr m•tt•rs pr••erlbÈd by Itt• C•mpinlt8 Aet 2QQi In our oplnkn. basad on thg rrk undgrtAk8n In the ol Ihe audiL lh• InltymJt#?n 0•Tr In thg gov•rnorn' r¥port Itn¢omor4lln9 lh• dlrBcl¢xB' report ond •tr•l•glg r•pDrl) for Ih• flnoncthl y•ar foTthleh Ihg financl81 ¥talemonts aro pr•pBrod kn $51¢nI th Ihg flnarKhl Btstsmon18; ond . lh• llovèmNs' fèport Ilnctyrporallng lh• ¢HrKloi8' r•port •nd 8lrnt•gk rnportl lthv• b••n pr•p•rnd In •¢cord•r• ppk8ble199al Rqulrnments. M•ll•rn on whlGh w• ar• r•qulr•d ta r•port by •xc•ptlon In the Ilghl ol oui knowledg8 and underslandln9 01 lh• group and Ihe pwqnl ¢hhrS1oblg compony 8rtd ils envirtfiment tsb18in8d In the cour58 ol Ihè audil. ha¥8 nol idonlifi¢d m•lèritil mls3ial•mgnt¥ in Ihe ww•rnors' i¥port Iln¢orporntln9 Ihe dlrnclor8' repl and 8lrnthglc mporti. W• Mve nothlno b reFQrt Sn r•8pecl ol Ihg lolwrg rnolter6 In ralBtlon lo tho CpartIes Act 2006 requhs to . r•port lo you If. In ow oplnton: ' od•quBto a0n1[rj records havo not bgon knpt by tho par•nl company, or rolums athqualè lor our a11 hovo not ba•n Vecead l¢om bronc5 rvjl vl$llgd by .. or . rOnt company1kn4ncl•l stol•m•nl• aro nol In a9re•m•nt llh th• •e¢ounllrwJ f•cord• and r•lum•', or ' certBfn dlJthJuTa¥ ol dlreBloTs' rpmun•Tatlon sp•clll?d by law 8T• nDI m•dg; or ' h8vo not r•c•fv•d 011 th• Inlomi•lton &•nd •¥•lin4lkJn• w• rewlr• lor our othl. R•sponsltsllllle8 of lh¢ governor A8 •xplalned rnorg ILAly In lh• qtsvemora, f••ponalbHltth• alllèM•ThI .th• oov•mors ef• •lso tho dlfeclor8 al th• ¢h•fll8bla company lor the puiposes ol compary ljwl are iesponslble loi th8 preparallon ol tho finaThclal stal•m8nts and lor belng salisfièd Ihat thty a IAte #r¥J falr vlew. 8Trd for such Inlfrrnbl c<)ntrol a$ Ihe go¥•rnors de10mne 19 nÉeessary lo ènd0 lh& prèparnti1 ol ljnanclal sl&lornenl8 Ihal Ir•• Irom mit•rlal ml8gtal•menl. dug lo fraud OT error. In p¢•pèilng Ihè finan¢lal ¥laiments. th• governor$ ats resp)Ible for assesng Ihe group's Ind the parent chatabl8 companys 4blllly Its r>Jftlln ai A golffJ coTrcèrn. dlsdoslnp, #s •ppll¢4blB. m•ligrs related to 9olng corrArn And ujlno I going concern basfjs ol aecountlft9 unless th8 governots allher Inl8nd lo Juf(lal• Ihe 9roup or the por¢nl charft4bkn c4mp8ny or l(¥ceasB opBfèti0ThS. Dr h8¥• fto fgalblic allrrbalfvo bul to do 50. 12

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AudS10rfs rnsponslblllti•s for audlt of thg Ilnan¢lal smnIS Our otyÈetrrts oré tt• obloin rèasonablè assvrAnco èbout thlhèr thé financlal stalemenis as o tMe ar8 Iree ffom malert81 mlsslolemenl. whelr due to Iraud or grror. ond to 1$8ug an report Ihal Ineludo9 our oplnion. Aoa89Agb 88Èur•m¢• lfj • htgh 1ovo101888ur¢nc8. but 16 not a guarontoo IhDI 8n OLKlIt conduclgd In acwrdancg vllh ISAS IUKI lIaN¥&Y8 delect ? malerfal rnlBslalemnl wthen 11 •xthts. MhÈlAlém•nla ean oflsè Imm Iraud or erfor and ar considorod matorlal 11, Indlvidualty or In Ihg aggro9al•, they U>j rea¥onably bg oxppclod to Inlluow lh• •¢onomlc dec18k)Th5 el users tskon on Iho b8sls of th?$• Ionanclal slat•monls. lffegulorillès. Includlng fiaud. ar• Inslancès of non<ompllanc• vAlh IBV•E and regula110. Thè exlent to wmch our prowlur?$ Ire ¢apabl& ol dèl#¢liNJ Irregularillès. Incluing fvoud. Is detASbd bgbw. Ext•nt tgwhkh lh• 4udbl wa• co11• up•blp 91 d•t•¢tlnw Irr•gul•vlll••, IndIng fraud Th? obIgctlv•s ol ow eudll. In respo¢1 lo fraud. af&.. to Idwllfy and Ogsess t rfsk8 ol malgrf61 mL8siatsmBnl ol Ihè flnancial 8talemgnl¥ due to fraud.. lo obt8ln 8ufficlant apprcyrfalè Budil ovtdonc• reg8rdlng Ihe 8ssesse(F risk8 of mg10rt&1 rn15slal8rnenl due lo liaud, Ihrough d851gnSng and Implementing appropriale re5PDnse$.' and lo respond apprnpilalety to frnud or 5U5p8clgd fraud Idenllned durfng the oudS1. HowBver. th8 wlmary rgsponslbifity for th& preventlon £rtEI dèt•cllDn ol fraud r881s llh both I10 ch8rg•d TAllh govoinanc• ol Iho onllty and Its manaBemenl. Our approath w48 a8 follow4.' • W• Idpnlthed ar928 0118 Dnd rngulat&)ns thst could rn8son#bty b• •xp•ct•d to h•v• • matedal ell•¢t on flnanclal Blalemenl8 Imm our genwal sector expertencB, and Ihmugh discuss1 1h IbFJ truste88 and olh•r ffkinagèmenl 19$ requlred ty audltlng 81andard5). and d15cu8sed 1h Ilw trustees 8nd olher marw8m8nl the pollcl8s ond pro¢edur88 ro9ardlw c(ryllancg vllh lawE aThl regulatlons (see bBknvk 4 We Idonllfied Ihe lollon9 •Te•$ M tho$tr mo$1 nkoty io hav• $ueh gn •ll•ct.. h•#lth Irtd 881•ty,' Genernl D81• Prol•cllon Regulotlon IGDPRI., ff8ud; brlb•ry •nd comipllon, Kchool Inkp•cllons. keeplNJ thlbYr•n 8af• In •duc8lkin {Bt8lutory guldancol, DBS check8, end emptoymenl ljw. Audillng 8lendBrd$ Nmll lh• rgqulrgd Audlt pio¢odur08 to Id•nlity no compllance tA4lh Ihe88 IBw8 Jnd regulallons 10 ?nqulry ol the go¥einor8 ar gllwr man•grngnl and In¥pee14on ol ra9U10ry and lÉo8l eorf8spond•ne•. 11 any. Tho Id•ntSld aeluol or 8u8pect•d nonrycompll8nc• 8uffl¢l8nl 8lgnlfi¢•nl to ouraudll to re8urt In our rn8pon80 lD0 Id•ntified as a k8y oudll mgller. W• consldered Ihe legal and re9ulalory Ifamewoths dlreclly 8ppllcabl8 lo Ihè flnandbl 6talèm•nts reportlng Ifgrnowoik IFRS 102, lh• Compon168 Act 2006 And tho charl1$ Acl 2011) and IM ralèv8nl tgx compJAnc8 f8gul8lions In Iho UK., • W• ¢oMld•rnd lh• nalur• ol th• s¢PKJol'$ oporallorn, th• contfol •nvlronm•nl eThl1kn8nclal p•rfoffMpK•. . W¢ ¢ommunlcalgd Idgnlillpd ond rogulalionv thul our 1•8m Ind rnmqlngd to ary lThllc4tloTh• ol non• ¢ompllance Ihrouohoul the audlt., We conskjered Ihe procedures conlrolB Ihal the 8¢IK)I has èAt8bllshed to add(èss rtsks klènllfd. w Ihal erts9 prnv&Tht. d•t8r and dg18cI l(aud: and how6enloT fflanagem8nl monllors Ihoso programmos and ¢oThlrols. 13

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS Based on INS und0tandIft9 fh deslgrd our audit protdvrns to thitify rwmpllanc¢ vhlh Such laws thj regLtlalhn$. Wherg Ihg risk was con$1dèr lo be hlgher. performed audll predu$ io address each Idenllfled fra1 rbk. The proc8duw in¢lud8d.. lesUThJ rnanual loumats; lev1n9 Ihfr finala1 slalement dl%losures and 18stlng to pptyung dumenlI00', p&rformlng anaWc81 procoduro$'. and enqulrtng ol rnanBg8menl. and re de8luned ¢0 Ide rè•sonable assurance Ihal Ihe hroftel41 ststsments hwe Iree froud or error. 09 lo th• Inhgronl Nmllalltsn¥ ol gn #udl( theio 15 on unpvold?blg rf8k th21 moy not hgve d•t•cl¢d Somo m•l?rlal m&slalements In Iho flngnclgl slalgmgn16, •v•n though have pl8nnBd and parformed Quf audlt In Accordan Ith audlllng glaftdardh. For oxMiple. th8 lurthar removod nurKompllance vAth IBVB and reguLallork8 (legulatI11ps) Is fmm thg ev•nls and IraDsactK>ns rgflecled In Ihe finjnclal ststem8nts. Ihe $¥ likety th8 inherenlty Ilrnlied procedures requlred ty Audllln9 slandorfs tKuld Idenllty 11. Tho rlsk Is also gr••l•r regording 11189ulbr1ti•5 occuidrtB due lo frnud rath81 thBn error. 48 Iraud Involv•s IntanOne1 ¢oncealmenl, 101gery. 11&1). omlssttsn or mlsreyésènlatlon. Wè •r? rasponsible lor preventlng non<ompllonce and cannot b8 expected to delecl nowjmpllttnce wllh all law5 ar#1 Us• ol our foporl Th18 feport 13 mado sofqty lo lh• eharlloble compAnl8 mombern, ** 8 bo*, In 8ctordoncè vlllh Chaplèi 3 tsf Part 16 01 the Compthnl•3 Act 2(th. Our •udll work has en underlaken so Ihat w• mlglil slai• to tho chwllablo compary'B rnomb?rs t8? maltws quIred to stato to them In an 8udllorfs roport and fDr no other pu03•. To Ihe full•sl •xtent PgrmNI?d ty law, wv do not accepl or as3ume lesporlI Ilily lo arbyom other Ihgn th8 ch81118blè company arpl lh• chrtlabltr ¢tsmpaThl8 mwnbèri a3 • body. lor our oDdit w)rk, for th1$ i?port, or fow Ihg oplnlons w• hov• lorm•d. Mark Cumrnlns FCCA IS•nlor 3tAtutory Audltotl lor 4nd on b•hall of TC Group Statutory Audltor Olfica.. Sl•ynlng. WDII Sus••x Dal•d.. M Jtsfje 2 S 14

EDGE GROVE SCHOOL TRUST LIMITED (LIMITEO BY GUARA14TEE) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING THE IhlCOME AND EXPENDITURE Actou FOR THE YEAR ENDED 31 AUGUST 2024 No105 Unro$trt¢t•d Funds D•8lgnaled R•slrlcted Funds Funds Tolal 2024 Tgt•l 2023 INCOMÉ FROM: OonallDWB. grants 8nd189acles Olher'lrad acllvlllo$ Inve91mènl Ch8ril#bf& aclfvstl Olhar Incom• Total Incorn• 7,202 4.876 16,$7S 120,700 47.371 6.943,996 124.464 52.146 7,526.100 124.464 52,146 T8.100 10 7 737 268 7 749 406 7 149470 expENDmJRE ON: Ralsinp fur Charitabl6 8th111•8 Tot•1 •xptrndllur• 11 207.945 7.416 280 7 624 225 207.945 7 421383 7 631308 166.864 7.334.680 7 501.644 N•1 Incorn• 113.043 179 4,B76 118,0•8 1352.0741 Fund balan¢•s brouoht lorw•rd 28 7 820 031 Fund balanw ¢4rrlod fopN4rd 7 359 291 7 386 055 7 267 95T I Incom• •nd 9oln• lor the w• rnwgn18•d abov•. Al ol th• oMup'• •¢llvlUM orn clau•d a8 con11ThrJ. Tha Slalemèni of Fln8nelÉl Aelmtlu •lw mplIO vAlh th• f•qutr•m•nl¥ lor wn Ity* •nd •xp•ndllur• •¢¢ounl under Ihg C¢Mnp8nl•s Aet 2006. 15

EDGE GROVE SCHOOL TRUST LIMITED ILIMITED BY GUARANTEE) CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST2024 Comp•ny Numbbr 009470BS 2D24 2023 FIXED ASSETS Tanglble assèts Inlanglble assèts- gotithm 14 16 5.892,684 10,119,069 171717 Iri.D42,937 10.290.7eo CURRENT ASSErs Slock Dabtors C83h al bank In •,719 144,046 1264 213 1,417.978 37,828 213.224 17 896.110 CURREP4T LIABILITIES Cf•dilorJ duè 1hITr one yoar 1159 614 MET CUIIRENT ASSETS I ILIABILmE81 258 484 TOTAL AsseT8 LE$8 CURREMT LiAPIUTIE8 10.301,401 7.936.30D LONG TERM LIA81LITIES Cr•dllots duo 0114f ono yagr 19 12.915,3401 {eee,3431 NET ASSETS 7 286.055 7.28T 957 REPREseNTED BY: RESTftICTED FUND3 7,232 2,376 UNRESTRICTED FUNDS Ganerol lunds Oeslgnaled funds 7,J59,291 7,246.248 7 378 803 7 386 0$5 7 26S 591 7 267 957 aceounls rè appm•a by th• Bo•rd of Govwnors and 619n•d on th•lr b•hall br. Mrs M Barneft Oal8.' IG

EDGE GROVE SCHOOL TRUST LIMITED IUMITED BY GUARANTEEI SCHOOL BALANCE SHEET AS AT 31 AUGUST 2024 Company Number 00947085 N?1•¥ 2024 2023 FIXED ASSETS TO1b1¢A1¥ Inveslments 14 15 1.891.197 150 730 10.117.504 172.531 10,041.93S 10.290.03S CURRENT ASSETS Slock Oeblors Cuh 01 bank •nd In h•rLd 9,719 144.04$ 1 284.213 1.417,978 37,828 213.224 847.058 898.110 IT CURRENT LIABILITIES Cred11o18 due th1Th orn year 1 1S9614 Ef CURRENT ASSETSI ILIABILITIESI 2.354.486 TOTAL AS$ET$ LESS CURRENT LIABIUTIES 10.300.399 7.935.549 LOhlQ TERM LIABILITIES Cr•dilor8 due altor one yfrAr 19 12,916,340) (688.343) NeT ASSET8 7 385 053 7 267 206 REPRESENTED BY: RESTRICTED FUNDS 2.376 UNRESTRICTED FUNDS G•noial lundB D•$lgn•l•d fvnds 7,358,618 7,245,497 7 378 130 7 38S 382 7 267 206 tr &¢¢0 nl8 %ra appftyed by Iho Board ol Govww ond $lgfd on Iheli behaw by. earn•tt 17

EDGE GROVE SCHOOL TRUST LIMITED ILIMITEO 8Y GUARANTEEI CONSOUOATED CASH FLOW STATEMENT FOR THE YEAR ENOED 31 AUGUST 2024 Nol•• 2024 2023 Cash flows from op•rèlinB aetlvlll•s: Ilol Incomel•xpondltur• for th• y••r Adjustm•nts lor". Depre¢6llknn charges Goodb 8morU8allon Dlvtdend8, Inler¢$l and rnnls from Inv•strfients Flnance ¢harg8S {In¢feaseydecTea8? In 8to¢k8 (Ir9?8yd8CreaS¥ In debtQf8 Incre4501{deug8s0) kn Cfeditor Net cash provlded by oporatlno •¢llvlllos 119,098 1352.0741 14 39IS97 21.464 152,1401 207,945 28.109 69.178 405.784 21.464 147.371) 166.864 727 30,581 17 IB. 19 1,134.363 296.487 Ca•h now# Irom Inv•#tlng •¢llvltl•: vld8nds. Inl8re¥l •nd ranls Irom Inv•s¢mgnl8 52,146 1207,945) 18B212 47,371 (166.864> Purchaae of lgnglble Ilxed OSS•18 N•t cosh u8frd In Inv•stlng acllvlll•• 14 1322,0111 1279,338) Cash Ilow# Irom IlnAAelng aCtlvltl•#: Nèw Ilnanc• 1088p3 C8pItsI olern•nt of hlre puh08 and fm¥nce l•a50$ Rgpaymenl$ ol born9 N•t cash provld•d by fln•n¢lng aelhtith# 5,940 114,258) 13.3971 191800 1195,197) 1372,941) Chang• In ¢A8h Ind ¢a8h •qulv8lènts In the yolr 617,155 1355.790) C••h G•h •qulval•nt• at th• b•glnnlng olth• y••r e47,058 1,(#)2.848 C•gh and ush •qulvalènl• at thè •nd ot th• •r 1 264 213 Analys1$ ol Gash and ¢a$h •qulval•nts Cash ot bk and In b?nd Total c•ih •nd ¢••h 0quents 1214 213 1284 213 647.058

EDGE GROVE SCHOOL TRUST LIMITED ILIMITEO BY GUARANTÉEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 1 STATUTORY INFORMATION haiity Is o prIVa comp81)y. Ilmtled by guarante?, wlslered In Eryla1 $nd W•lès. Thè f8gLstered off8. company number aThl charity number aw d8tsW in the Le&1 and Admhitstrallve Informallon. 2 ACCOUNTING POLICIES 2.1 Balls •1 pr•parallo Tho llnancl81818lem•n h•v• b••n pr•pthrnd ythl•r lh• Comp•nlo8 Act 2006, Th• Ch•rlll•s Act 2011. In occordance vllh the Charfllg5' Slal•m8nl of Recommended Prncllc? ISORP {FRS 10211 ONI Flnanel81 Roportlw Standar¢ 102. ThB tharitsbla cornpany rneets th? definillon DI a ptsbc benefil enllly under FRS 102. A5sels and 1knbIllè8 arg fOCO9n15ed al cosl or trBn8aclÉon Val untess olheThlse slated tn the relevonl 8ccoiinllrvJ pollcy. Alter Ilng Ihe charttys fNecasts and proJO¢llDns. Iho Govemors have a reasonable expeclallDn that th• ¢hgrily h85 adgqu8le fosources to conllnue In operallL)nal exl$len¢& tha for•&abl6 luiurn. Th8 charlly therelor• conllN•s lo athpt th• golng concorn baBli In pr•parfnu118 financljl $tal•m•nli. The finandal Btslgm?nls Brè wred In slerllrvJ, 1$ Iho luncllonpl curr•n¢y of thè school. klonelary Iho hn8nclBI Blolem•nts 1• rounded lo nea1 £. 2.2 Group flnBnclal statements Tho firld81 slalements ccn501kJatè Iht rn$ull$ of IM ¢hoflt•bl• ¢ompany •nd Its wholly owwd Jubsldlary on A by 11Thg basls. A Sl&l8mant of Flnanclal Acllvlllos IlrKluding Incomg and 8xporyllttsr• accounll lor the chafltabl• panY hA9 nDI 8 pros•nl•d 8$ tho ¢hArfty h8B lakon &thinlig• of th• •x•rnplton •ffofded by B•cUon 408 ollhFJ CompDnkni Acl 2008. 2.3 Cilllcal K¢ounllng ••llrn•t•• •nd ludg¢m•nli In Ihe •ppllcalton ol th8 sclwll's oecouniing poll8$. lh• govoiftor8 Are iequlred lo mgkg ludgemenl$. esllrnales end a3sumpllons abDuI tho carrylng amounl o19ssels 8nd11gbifiiles Ih81 nol readlly epparenl Irom oih9r sou9s. Thè aStnaleS and assoclaled assumplknn$ aro bgsed on hlslcwlcal 0xpernc• aThJ olher lador$ I1 •r& conyldgr&d to b8 rg18vAnl. Aclual r85ulls may dlller from th gsllm8le8. Thp lImItS oftd uNl•rtylng ossumplkjns ar• rw[e on èn ongosny ba8. R•wl8loM lo •cwJnUng illm•t•s •r• r•cognl8ed In lh• p•rt(rtl In thlch Iha estlmat• la rÈvls•d. Th• govgmor• do not cons•r th•1 Ihpig or8 any erf111 •$llm•l•8 or ol ludg•ment Ih•l nd lo b• brought to Ihg •11onllon of Ih? rnaderj of Iho IInancl •t•hm•nl8. 2.4 InGom• Fees receSvable and charges for servlcès, less any alnG¢s. 8chc4filsh and burs8fles gianted by Ihtr School ègalnsl Ihos• I9 or• oc¢ounled lor In lh• pedod In vthlth Ihè sèrvkè 18 prov5d8d. Whar8 1•0$ or• rec8lvod for a luluro soThlco porlod they #ro In¢ludod In dolerred Incom•. IrKludlng lho 1•8s rncelved undw an •d¥•n lo• paym•nl gehome. In¥•8lmMI Incom• Is occomled loron an accrwli bpill. Donpll)n8. legacles. gran1$ WKI oihgr voluntary Income 8 accounted lor a3 gnd enllU?ment aris•s, 11 8mwnl ¢on be rell8bty measurnd gnd Ihg economlc bgng141 b5 consldereil probable. Wh8rn • doMror An app1 has ImpD¥ed re&lri¢tion$ lh¢ Incomè Is eredltqd to • r•strlct8d fvnd. R•nlal Incoffl• In Iho 8ub8idllryrnPonY IJ •CCLwJnl•d und¥r IhB ac¢ruah btssls. 19

EDGE GROVE SCHOOL TRUST LIMITED {LIMITEO 8Y GUARANTEÉ) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2024 2.5 Expendllur• Expgndilure fs accounted for on an Kuuals bosts h41h Irr8coverabJo VAT Included wilh the Item lo vthlch It fthtes. GovemAn& cos18 theludo thos• ¢0811 Msoclalod vAlh m•g1irwJ lh• c0Mlitulk>n •nd $laliAwy T•qulr•rn•nl8 of tho chèdty and IrKludo the audil le85 and costs bnked lo Ihg 6lr#l8glc management ol the charlty. AU cosls af• olloc•t•d b?1•n Pendl catewJ08 and departrnenls on a ba515 de81uned to reflect lh• us• olth• r•wur¢•. Cost$ rvlotlng io a parf1#r aGIMty ofe lkn¢•ted dlreclty. 2.6 TBn9lblè Ix•d assots and depTècSatlon T•nglbh fi¥8d 498•1i olh•i IhAn Ire9JId land am slated 01 tr)sl dyrn¢1411on. DoprocF8llon13 provlded at ral88 calculatod to wrll8 oll the Cost less •stlmalgd rea11 of tach as8el ovef IIB expeci•d u88lul Ille aj 101kn3: Ffeehold landlg nol d8pr•clal•d Fraehohl bulldings Lease1Id bulldln95 Fixluies. filting8 •qulpmenl (In¢dIng IT e4uPofflont al 25% 8lrntght frnl Molorv•hleles L•as•hold Ifnproyements 2% $tralghl 2% slraighl S 10% 4nd 25% •lMlghl 25% ètr81ghl Ih 5% Stra1 Mthor It•m8 ol captt•l •xpondllur¢ Iro oll lo th0 8lat•m•nt of n1Thal A¢fvlNgg 1$ Incurnd. 2.7 Gogdwlll Good1[ •rtslng on th• ¢qul$llltsn Of th• 8ub$lthary18 betw omtsrf18•d OVOr118 u8•lul Ille, a¢h IB dm•d by lh• gov•mora to b• th• poibod of IhD1gaM wllhln th• iubildl•ry eornp•ry thlch •¥plr•B InAwJus12031. 2.0 Inv•#lmenl8 Flx¢d 8gs•t Inveslm•nl In th• chorllls gubsld+ory Is Inrlud8d •1 colt 101$ PrD¥k1n lor Impalnn•nl. Th8 charlty puichMDd Ihfj sub51Jlary to oblaln h1? lo lh• b•o8p ol lh• nurBery iwildlngB. Acwrdlryly Ihe Invèslm•nl Is belng wlttan over lh• term ol Ihè l•a$¢ ofter thtch me It 19 expecled thal Ihe compafty w511 cease lo Iiade. 2.9 Sto¢k Slock 18 V8tu•d •1 Ihe Iwr of coil or nel f•&lls•N? valu•. 2.10 L•#sSng and hlr• purch•ip MMItmentS Rent0 ut)d•r op•Mllng bi•a Ar• cMrg•d to IrK*m• on a str•lghl Nn• ovw th? lerrn ol Ih18as0. Asaeis obla1 undèr hlio Purch tontracls and Ilnanc4 leases we capllalsqd as tènglble astsls ond d8prèclBled ovoT Ih? shorter ol Ihg Iga5e l•mi and lh• us•ful lih of Ihg Assel. Obllgalion5 under 8uch 8gro8?moni$ Ai• In¢ltsded AJ ¢redllors ngt ol Ihg financg chory9 all01ed to lulure pgilLxl9. Ilnan¢• cherg •lemMI of th8 renlal paym1 1$ eh8r9od lo Ihe Statornent tsl FInancl Actlvillé$ $0 as to produc• i ¢onslanl ppr¢tyJic r818 ol charge on IhB n•1 obltpation oulstanding In 8Kh pe¥lod. 20

EDGE GROVE SCHOOL TRUST LIMITED ILIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 111 PenBIo Fiom Ihe 1 Septembef 2020 the 8cW Jolned Ihe Avfva APTIS schemg lor Tea¢hers. Thts F5 A deflned ¢onlrfbution ptnston schemg. Tho $clthl also (x)ntrlbul¢s to peNinal pewon sthemes lor Its non-teachlThJ slaff. Oblloations for lo defl1 contribyuon pension p19ns oro rg¢ognis8d 8$ gxpgndlturn in the s1glernnl of financlal ocllvlll99 In Ihè portods dwlngmthleh g•pAco5 ar• rènd8red by èmpbye¢$. 2.12 0obloYs Trod• olhor d•blty8 ar• rocognl&•d At lh• I1[•M•t •mount du• •ft•r any lrnd• dlgcounl. 2.13 Co$h ?t bjnk pnd In h•nd Cash al bank and In haThl lrtlwl68 c•$h and ony slthl t•im hlghly Ilquld Investments. Thfr govamws Geek lo use short and medlum lenn dgFwltskn• p0381bh to M•xIn f•tum on mon188 ld ot Ihe bonk Bnd to ffnag8 c#sh IkM7. 2.14 Credllors nd pfovlslon$ Credltori #nd prOv)n5 Of¢ fecr4nlsèd lh• chaflty has b Pfesent oblwlon resunlng from a past evenl that VAII PFobabty Tesult In # tr8n%ler ol funds to è Ihlrd pbrty And IhÈ bmounl duè Its s•lllo lh• objigamon can b• measufgd or •&tlmoled relknw. 2.15 Fund iccountlng Gen•r•l fuThls •rd wi•8trlcled funds ar• avall•bh lor u8• 01 tho dlBcreUon of tho gov•rnor6 In lurthtsrance ol Ihb yn•rnl oblecllves ol lh& ehorlty and hovo nol been do8lgn•led lor othei purposes. 0g$tgTral8d funds unrg8lrtcled lunds ihgl hBv• b8•n $vit 8Bhl• by Ilw ggv8fflor8 for pBrUcul&r puip)sos. Th• alm and u80 ol e8ch desroied lund kn 80loul In IM rth8 lo flnonc19181gteffnts. Reltrlctsd fund8 •r• lund¥ whkh org lo bts usgd In %lth spB¢lflc r•strllons 5mpDS8d by dDnorn Of hsv• b?gn rolged by lh• thgrfty lor partkular purposeg. The co¥1 ol r8lslng gnd othlnlslorfng •u¢h lunds aro chafwl •pgln$l the Specllk lund$. Thè thlm and uso ol each f•6trklod lund [8 s•1 oul In Ihe nolo$ lo fironc191 $1019TnIs. 3 TURNOVER Tho lurnov•r of lh• School 8nd118 8ub8ldlgry1$ lIty oltrlbulablè Io Iho tsblg¢11 ol th• i¢hotsl •nd th• piln¢lp•l ¢1 lh• 8ubJldu•ry •s $1otsd In lh• Goveinorn, Report and Is earned enlirety ithln Ih UIL 4 NET INCOM61IEXPENDITUREI Th1813 8laled aner charglr¥J'. 2024 2023 0aprgcl8llon Slock ¢h•rgod •xp•n81 OpornWTra I••B• paymoftl• Audllorg, r•murwrnlion- audll i•r¥lc•s 392.$97 128.1091 13,419 405,784 17271 83.$27 5 TAXATION Thè charilablo ¢ompony Is reglslefed 99 4 charity and of Its Incom8 lals wllhln the exempllons und8r P8rl 11 ol lh• CLwpor8tlon T•xAel 2010. 21

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 6 INCOME FROM DONATIONS. GRANTS AND LEGACIES UNRESTRICTED DESIGNATED RESTRICTED TOTAL 2024 TOTAL 2023 Donalloni 4,870 16.576 62 7 INCOME FROM OTHER TRAOING ACTIVIYIES UNRESTRICTED DESIGNATED RE8YRICTED TOTAL 2024 TOTAL 2123 LèlYnDb Incom• Rfrnlal Incorn• 44,543 44.$43 43,500 124.464 O INCOME FROM IPIVESTMENTS UNRESTRIGTEO DE81GNATEO RESTRICTED TOTAL 2024 TOTAL 2023 Int•r••l rece•b 52.146 9 INCOME FROM CHARITABLE ACTMTies TOTAL 2024 TOTAL 2023 Gffj$8 8ch&Jl loes 108• bur&•r* Ind allowanc•• Nvt school l•0& 7,458.987 6,897,262 356 271 6.640,991 7.178.481 R•g18trallon f••8 Ir8$ Incom8 mkno supporl Incomè Other 8nclll•ry Incom 15.700 56.OS8 18.715 2S7.148 18.100 93.142 8.270 183.493 7 526 100 6,943,996 10 OTHER INCOME TOTAL 2024 TOTAL 2023 Sundry Incn6 22

EDGE GROVE SCHOOL TRUST LIMITEO (LIMITED ay GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ÉNDED 31 AUGUST 2024 11 AMALYSIS OF EXPENDITURE Stsff Costs Depre¢latlon and amortlsatltsn Total 2024 Total 2023 Coit of rS9lng funth: Tot•1 cost ol ralslng fun 207.945 207 945 166.864 Ch•Tlt¥bl• •xpondlturo: EdLtcatlDn Teachlny 3.766.097 186.177 .252,81 611770 4.816 844 153.290 360.691 662.714 811.607 4.300.078 848.B91 1,303.714 970 600 4,639.542 743.404 1.088.3S3 863 381 7 334 680 Pfernls89 Supprt and govemance Tolal ¢hrltsbh oxp•ndltu 239,307 21.464 414 061 2 192 456 Tot•1 •¥Eyndlturo 4.816.844 4.061 1400.403 7 631300 7.501.544 An•lysls al Bupport and 9ov•rnane• eostu: 2024 2023 Governan¢6 518.. A1¥. r¢fflungrnllon lor audlt $th11¢•o Tot81 POVafnanc8 Colts 14.400 11.30D SuppDrt co•l•.' L•gal artd pio1•88fjon81 It•8 rnwtlng to 8UPPOrt Support ilafl wAges, nallDn81 Ir¢Juronce ond panolon Ixmf •UPPOrt C08t8 38,759 611,770 305.751 24.842 499.899 327.540 970 680 23

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED 8Y GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12 STAFF COSTS Thè av8rag¢ monthly numb8r ol full tirna 94Valent omplw6$ dLwlng the was.. 2024 Numbor 2023 Numbèr Teachln9 Weller• Prernlses Admlnl$tr•tlon 13 95 11 101 Th• aggre981• pAyrol cosls lor ts year lgltw.. 2024 2023 3,•74.084 392,248 550 512 4 816 844 4.042,108 399.719 573.552 ,015 459 SoclNI 8ecurlty cost¥ Penslon costs None ol ltr• gov8rnors r•rAIv8d aiy r•mungr8tlon or othgr bgno118 from Ih• thl or any ¢onn•ol•d body. Wo908 salarte• Incfud• £fi12023.. E72,8271 r•duNl•ncy colts. Slaff •amlrwJ In exc•s8 olE60.(#)O p•r anmm In lh• fo]bwSng •r•: 2Q24 Numbgr 2023 Number £60.000-E69,999 £70,000- £79,999 £80,000- É89,999 £g0.000- E99.999 £140,000-£149,999 01 th• •mployo98 8molumont$ oxceBd E60.000, 5 12023.. 61 havg retlremenl benen18 accrulng under deflngd conlrlbullon Jchmej. ConlilbulloTrs p8yabl• by the charlty lo Ihoso 8cheme8 fu hloher pald employ••s r¢.. 2024 2023 Oonn•d ntrIbuon i¢h•m•$

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEei NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2024 12 BTAFF COSTS- CONTINUED Th& key rnanag8m¢nl pèrsonnel ol the sch1 #fe delaned ln Govenwr8' R&port and Legal and Admin1$lrp Inlormalton. In 2tr24 ther• ar• 10 8u¢h empWee512023'. 12 employee5). 2023 Awregale employ0• benefll8 of key man8gefflent personnèl IlndLKllng ¢mpltsy8r penslon and Nl eontiibulkn%l 900 B31 897.443 13 GOMPAIIATIVE 3TATEMENT OF FINANCIAL ACTIVITIES-31 AUGUST 2023 Unrèstrl¢ttd De51ynated Re5tr1cted Fund5 Fund Funds Total 2023 INCOME FROM: Don81kn and199acl•$ Olr tsBdln9 Inveslman CharlLiblè acllvlllas Other Irurne To¢81 In¢omg 15,178 120.790 47.371 8,943.996 20.738 7 148 073 1a97 18.575 120,790 47,371 6,943,998 20.738 7 149 470 EXPENDITURE ON: R#151ng fund$ CharStbblè a¢1515 TotBI expgndlturè 166.864 7.320 973 7.487.837 166,B64 7 334,680 7 501 544 Not mw•m•nl In lundi 1339.7641 (9.3401 12.9701 13S2.0741 FuThJ bolartces brty4hl fopwArd 7 $86 012 7 620 031 Fund b•linc•• c•rrt•d fon¥ard 7 267 9S7 25

EDGE GROVE SCHOOL TRUST LIMITED IUMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 14 TANGIBLE FIXED ASSETS . GROUP Freehold Prop•rty Short Flxtur•$, Leasehold Èittings & Proptrty Equlpmèht Mot*v v•hlcl•s Tol•l Cost At 1 Sepl•mb•r 2023 Addlllorr6 Dlsposals At 31 Awt 2024 WM.605 20.724 71.214.913 2.fX)1.093 46.809 98.679 460,890 925 329 11261722 1 839 482 97.997 14,219.198 161.212 460 890 13 924 520 0gprocl•tlon Al I SgPt¥mtser 2023 ChgrO• lor year Eliminated on disp05•1 AI 31 Awu5t 2024 103.843 14.ICrt) 2.356.176 1.$48.680 t25208 149,848 90.430 3.441 4.100.129 392,S97 460 890 4 031 836 2 580 384 1 237 638 93.871 N•1 Book Volu• Al 31 Awiu¥l 2024 eos.388 8 681338 401.844 4.116 9 892 184 Al 1 Sèpt8mb8r 2023 8.8S9 737 7.SS7 10 119 069 TANGIBLE FIXED AsseTS -8CHOOL Fr••hold Prgp•rty short Flxtur••, L•A•ehold Flllln98 & Prop•rty EquJpm•nt Motor v•hl¢lo• T•l41 CoBt Al 1 S•pt•mbor 2023 Addllion8 Dlsposa15 Al 31 August 2024 WA.605 11,209,483 2,001,693 20.724 46,809 08.679 97,987 14,213,74B 166,212 460 090 13 919,070 92S.329 11256 272 1639 482 97.987 D•pr•cl•tlon Al I Soptembor 2023 ChDr9D lor yoar Ellmlnaled on dl8po881 Al 31 Aygusl 2024 10S.843 14.11)0 2.351.291 1.$48,680 225.130 149,848 480,890 2 $76 421 1 237 638 90.430 3.441 4,096.244 392,519 460 890 4 027 873 Not Book Valu• AI 31 AugWt 2024 8 679 B51 9 891197 Al 1 S•ptember 2023 7.762 8 &%8 172 453,013 7.557 10 117604 ASSET8 ON FINANCE LEASES ANO HIRE PURCHASE. GROUP AND SCHOOL Ilncluded mbgv•l Flxlur•8, Flttlnos a Equlpmenl Cost Al 1 S•plembpr 2W23 •nd 31 August 2C124 At 1 Soplember 2023 Chorg8 ft>r year At 31 August 2024 42.126 1,486 43.612 N•t Book Vthlu• Al 31 AwJusl 2024 3,465 At 31 August 2023 4.951 26

EDGE GROVE SCHOOL TRUST LIMITED IUMITED 8Y GUAPAPUEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2024 15 INVESTMENTS IN SUBSIDIARIES 2024 Cost Al 1 Seplember 2023 31 August 2024 31T 022 Impalrni•nt At 1 September 2023 Impalrmenl In year AI 31 Augu•1 2(124 145.281 167 084 N•1 book valu• At $1 Augusl 2024 150 738 At 1 Septombei 207J 172.531 The school OW 100% 01 th• sh910 upllal ol the follon9 company.. Edg• Grov• Nurt¢ry School Llmlled, compbny number 03830269, reglsleiad In &IrKI 8nd WoleB IpvKh•iod 19 D•¢•mb•f 20161 2024 Summary tradlr4 rnsul8'. Tuinovar AdmlnL8lrBil¥• oxppns Nal pmllvllossl 63,500 78 Summary balanco 8heeL' Flxed BS5els Cuironl A•$•l• 'Credltor6 folllng *llhln one y•8r N•1 JB8•18 1A87 Aggrogalo •h?v• capknl 8nd r•8•lV0II Contrlbutlon by p•r•nt ¢ompgny Th¢ charly contribullon lo reBult8 lor Ihfr y•or Is gs lollows.. Income ExpgndSluro Ng1 1nrompl1•xdI1•Tr for th• y•4r 2024 2023 7.749.406 7 631230 118,176 7.149.470 7,501466 351,996 16 GOODWILL ON CONSOLIDATION o$t Al 1 Sèpltrmbor2023 •nd 31 Au9u$I 2024 314 891 At 1 S8plember 2023 Amortlsblk>n lor y••r Al 31 Augu¥l 2024 14J,174 164638 N•t Book Vthlu• Al 31 August 2024 150 253 Al I soplemr 2023 171.717 27

EDGE GROVE SCHOOL TRUST LIMITED ILIPAITED BY GUAK4NTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 17 DEBTORS Group School 2024 2023 202d 2023 F¢• deblo Pi¥paymenls and accNed Incomfr Other d8bio 12,156 113.316 88.125 80.620 12.158 113.315 88.125 90.62 213 224 213.224 1• CREOITORS: du•wllhln on• y•or Oroup School 2024 2023 2024 2023 BBnk108r and ov•rdr8ft8 FInan Lgas•s and hlro pvrcha Tfadg creditors AccfuAIs F•88 In Ath&nc• AthaTr l•• paymenl h•rn D8W)5115 Olhttr ef•dll¢vs Olh•r I•x•¥ ond •ol 205.810 1.221 84.839 ST.374 205.000 426,023 22,000 61,OBS 2,380,744 3.656 36,906 30,428 413.249 258,411 22.0 4,842 102 362 3 2S2 598 205,810 1221 84,839 57.374 205.060 426,023 22.000 61,015 2,380,744 36.906 30,428 413.249 258.411 22.000 4,842 102362 3 252 596 1159 514 1159 514 F••9 in •dv•w f•Prn$•nt rn¢•lv•d tho AUlfift lorm 2024. I• CREDITORS: du• •ft•r onè yMr Group S¢hool 2024 2023 2024 2023 Bank IDanJ FlTh8nc8 lease$ and Ni• purehag0 Advartu f¢• paymént sch?rn¥ O•poslts 2,2SO.801 1.934 289.611 373 000 2 815.348 2e7,867 2,896 30,2eo 367 500 668.343 2,250,001 1,934 289.611 373 000 281S346 287.66T 2,698 30.280 688,343 VJ ADVANCE FEE PAYMENT SCHEME Balaneo •11 S•pl8mb8r 2023 288.691 Newconlracts Amtyjnls us•d lo p•y lor1o•s 692,542 1265,599) lan al 31 August 2024 28

EDGE GROVE SCHOOL TRUST LIMITED ILIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AUGUST 2024 20 ADVANCE FEE PAYMENT SCHEME- CONTINUED Por•nts may èner Into a contracl lo pay lh• school In advonc• kn coniflbullon8 lulllon 10•B, Th• may be rnlumed Sublecl 10 8fic condllth¥ on lh• fe¢elpl ol nolk"&. Assuffllnll Ihal the PuLI rnmaln al Ihe athool lee8 vAts b8 8pplled a5 follows: ¢)ftB #r Wrfhin 14 year8 426.023 289611 21 ANALYSI8 OF 8ECUREO DEBTS. SCHOOL ANO GROUP 2024 2023 98nk loans arè %tholly rEpayabfe in kn81almenls OB follo. Less than OAO yèar IN nK)ro Ihan on0 ytt•r but10$8 yo•r• 189,614 2 250 801 2,450 415 2J53.534 267.667 2 621,201 Th• bank ov•rdroft f•dllty •nd k?n$ ar• by a llf811gnd ¢hary• ov•r 3 Cottag•i. g & 11 Hh CrfM And 1 & 2 RCrtsuSh Collages •lon9 14ilh 8 dgbeftluro In favour ol 8ar¢lay8 Bank ptc. Oclob•r 2023 bank ltsans warè consofxlaled Inlo ong wllh o margln of 2.5%. Th18 bèn hgs a fvè Jaf tèrm and Its rnpoymenls aio colculgted basgd on • frty y•@i fepaymeftt porfLxI. There Is aho a CBIL lojn vknkh has a floallng Inlvr•81 rnto lth a mar9ln 012%. Thls CBIL b)Bn18 rèpbyabla In 2026. All loan6 are beln9 rnpald In monlhly Inslalm•nts. N•1 oblllonJ ptiy•blfr under hlro puKhu• And1oAJ8 conlrActs'. 2024 2023 wnhln ona year etr•n one and flv• 1,221 2,896 6.552 22 COMMrrMENT8 UNDER OPERATING LEAse8 A131 thU81 2024 lh• Khool hod Ictrtsl ¢ommlkn•nls und•r ngA48nc•ll4blg op•rnllng p8yabl0 88 10lkhvA'. Llnd & 8ulldlng$ 2024 2023 Oth•r 2024 2023 Withln on• year Behwgn ong and fv• y•w6 f•r fiv• y•ais 50,000 200,000 I ODO.000 12SD 000 so,000 200,000 17.e42 15,216 13.948 1300 CWJD Addlllonalty. Edg• GTh Nurs•ry S¢hool Lld h•8 has• eommilmen18 on property tolalNTrJ £444,500 ovw t term ol th• low. vthl¢h expiw InAugu$i 2031. frorn an annual rent charg9 ofÉ63.500. 23 SHARE CAPITAL AND CONTrOL Tho cho1ity18 Ilm51ed by gu•r•nlot and d088 f1 Iwve uny ¥hJwe cfrpkn"l. In lh• ovonlof• ftdlnq up ch member guarnnlees lo conlilbul• an omounl of no moi¢ Ihgn £1. 29

EDGE GROVE SCHOOL TRUST LIMITED {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 24 RELATED PARTIES Th8 8chool has tAken 4d¥anthg¢ ol the oMmpllon, under Flnanclal RortIng Stsndard 102 Ihe Finon¢ Reportlng Standard appllcable In Ihe UK and Republlc ol lielaThl, nol to d18clo¥• relat pjrty IraThsacllons wllh olly 8UbSlarIes *llhln the gioup. Ourin9 Ih ¢urranly•ai Ihm Govwnorn relrniwJrn•d exp•Me$ i01aln9 £1.Q8412023.. £462 by ono Govem). 26 SUMMARY OF FUND MOVEMÉN At 1J23 Inromo Transf•rs Galnsl Ilo¥$•s) At 31J.24 Unrè$trl¢t•d funds D8sigTrated Funds Gonerol r•5008 19.333 7.262 7 246 248 7 737 268 7.26S 581 7.744.$30 17.0831 7 624 225 7 031.308 18.812 7 359 291 7 378 803 ReBtrlctfrd Funds Buf80ry & Hgrdghlp lunds 2.376 Toial lund• 7 267 967 7 749 406 7 831908 7 388 030 Unrestrl¢t•d funds: The gov•mor# hw¥a d•51qnaièd lunda rAbs•d by thtr Frl•r#li ol Edg• Grov• and Ifom olh•r lurttl rnlslno actlvlll•g lrywbrd lubJf• capllal ond mttlnlenBnc• projects. R•¥lrlcled lundi: The lund 1gyeJ?nts dDnallDTA IIDM IBavBii IMrd¥ ftrtur• buiiary pml•loTro. 26 ANALYSI8 OF CON8OLIOATED IIEf AS8ET8 BETweeN FUNDS Unr•$trlclgd O•$1gnatod R•8lrlctgd Fund¥ Funds Fund$ Totsl 2024 318tAu usl 2024 Flxod assels Cuffenl 8$8018. Credllots.. less Ihpn ono y Crt(niws.' ovèrone yaar 10,042,937 1,391,214 11,159.S141 2.915 346 7 359.291 10.042.937 1.417,978 11.159.514) 2915346 7 386 OS8 19.S12 7,2S2 Vnr05tdcted D?¥lgnated Re5ts1¢l¢d Funds Fundo Funds 2023 3151 Au ust 2023 Fixèd 8s$els Currènl 88sel6 Credilows.. kss Imn one year Credltors-. ovef one year lo,2.766 876,401 13.252.598) 668,343 7 246 248 10.290,786 898.110 13,252,S981 19,333 1376 19.333 2.376 7 267 YS7 2Y CAPITALCOMMITMENTS re no capft•l ¢ommltmonls ai IM 21 end12023.. 30

108 nd Ver1 R•&ionln9 ki provldo tal1•d 8upport and chpllon9e I every learner.

Audit Findings Report Year Ended 31 August 2024 Presented to the Governors and Management Team

1. Introduction and Coverage	1
2. Independence	2
3. The Audit Process	3
4.Qualitative Aspects of AccountingPractices and Financial Reporting	5
5. Audit and AccountingIssues Identified Duringthe Audit	6
6. Audit Misstatements	7
Appendix i Letter of Representation	8
Appendix ii Financial Performance Report	12

Your contacts in connection with this report are: Mark Cummins – Charities & Education Partner markcummins@TC-Group.com

Richard Bolden – Senior Audit Assistant richardbolden@TC-Group.com

1. Introduction and Coverage

PURPOSE OF THIS REPORT

The purpose of this report is to set out certain matters that came to our attention during the course of the audit of Edge Grove School Trust Limited for the year ended 31 August 2024.

In order to comply with the provisions of International Standards on Auditing we are required to report to you our audit findings and in particular:

The nature and scope of the audit work we have undertaken;
Views about the qualitative aspects of your accounting practices and financial reporting;
Unadjusted and adjusted misstatements;
Matters specifically required by Auditing Standards to be communicated to those charged with governance (such as fraud and error);
Expected modifications to our auditor’s report;
Material weaknesses in the accounting and internal control systems; and
Any other relevant and material matters relating to the audit.

LIMITATIONS

Our audit procedures, which have been designed to enable us to express an opinion on the Financial Statements, have included on examination of the transactions and the controls thereon of the school. The work that we have done was not primarily directed towards identifying weaknesses in the school’s accounting systems other than those that would affect our audit opinion, nor to the detection of fraud.

We have included in this report only those matters that have come to our attention as a result of our normal audit procedures and, consequently, our comments should not be regarded as a comprehensive record of all weaknesses that may exist or improvements that could be made.

To a certain extent the content of this paper comprises general information that has been provided by, or is based on discussions with, management and staff. Except to the extent necessary for the purposes of the audit, this information has not been independently verified.

RESPONSIBILITIES

The Trustees are responsible for preparing the Governors’ Report and Financial Statements. TC Group, as auditors of Edge Grove School Trust Limited, are responsible for forming an opinion on the Financial Statements.

This report is to be regarded as confidential to the Trustees and is intended for use by them and staff of the charity only. No responsibility is accepted to any other person in respect of the whole or part of its contents. Before this report, or any part of it, is disclosed to a third party our consent must be obtaine

Audit Findings Report | Edge Grove School Trust Limited 1

2. Independence

Auditing Standards require us to communicate at least once a year regarding all relationships between TC Group and the charity that may reasonably be thought to have a bearing on our independence.

We have reviewed our independence and confirm that TC Group is independent within the meaning of regulatory and professional requirements. In particular the objectivity of our partner, Mark Cummins, and his audit team is not impaired.

Our review included consideration of whether:

The firm is dependent on the charity as a client due to the significance of the audit fee to the firm;
The firm is owed significant overdue fees;
There is any actual or threatened litigation between the firm and the charity;
Any benefits have been received by the audit team which are not modest;
The firm has any mutual business interest with the charity;
Any members of the audit team have any personal or family; connections with the charity or trustees; or
Independence is impaired through the provision of services other than the statutory audit.

As part of our evaluation of the firm’s independence and objectivity in connection with the audit we have identified some factors which could potentially affect our independence or objectivity, for which we have applied appropriate safeguards. These are detailed below, and we are satisfied that the safeguards implemented are sufficient to mitigate any threat to our independence and objectivity.

Threat to objectivity and independence	Safeguard implemented
Self review threat from our assistance with the preparation of the financial statements.	The financial statements are reviewed by a partner separate to the audit engagement team. The financial statements are also reviewed and approved by the Governors.
Self review and management threat from processing journal adjustments.	Journal adjustments (and unadjusted journals) are approved by the Trustees in writing.
Self review threat from the preparation of the corporation tax computation and return.	Tax computations are prepared and reviewed by a specialist tax adviser, independent of the audit.

Audit Findings Report | Edge Grove School Trust Limited 2

3. The Audit Process

SCOPE

As auditors we are responsible for forming and expressing an opinion on whether the financial statements of the charity show a true and fair view of the state of the charity’s affairs at 31 August 2024.

Our audit work is designed to provide the required assurance that the financial statements are free from material error. However, our audit of the financial statements is not a comprehensive report covering all systems and controls.

AUDIT APPROACH

Our general audit approach was based on a thorough understanding of the charity’s business and determined by our assessment of the audit risk. In particular this included:

An evaluation of the charity’s internal control environment; and
Substantive testing on significant transactions and material account balances.

We would like to take this opportunity to thank Gillian Dippenaar and Emma Kruis and the team for all of their support and assistance during the audit.

The audit work on the financial statements is now substantially complete and we anticipate issuing an unqualified audit opinion for the year ended 31 August 2024 for the charity, following:

Receipt of approved financial statements signed by the Board;
Receipt of a signed letter of representation; and
Receipt of the signed adjusted and unadjusted misstatements schedules to confirm the Trustees are in agreement with the accounting treatment of these.

We consider that the audit approach adopted will provide the trustees with the required confidence that a thorough and robust audit has been carried out.

Matters arising from our audit that we wish to bring to your attention are set out in Section 5.

MATERIALITY

We apply the concept of materiality in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and the impact of uncorrected misstatements.

We have assessed materiality for this assignment by considering the total income of the charity. Where individual errors, or accumulated errors found during the course of the audit, are in excess of materiality, these are discussed with you and adjustments are made to the financial statements.

Audit Findings Report | Edge Grove School Trust Limited 3

3. The Audit Process

AUDIT MISSTATEMENTS

As part of the requirements of International Standards on Auditing we are required to report any audit misstatements identified by our work which have been adjusted in the accounts. These are detailed in section 6 of this report.

We are also required to separately report any audit misstatements identified which are unadjusted, other than those which are “clearly trivial” to users of the Financial Statements. These are also set out in Section 6.

RISK OF FRAUD AND ERROR IN THE FINANCIAL STATEMENTS

We are required under international auditing standards to consider fraud risk throughout the audit. In particular we must consider management arrangements for preventing and detecting fraud and error.

Fraud risks may include asset sales at under value, suppliers over billing for goods or services, misappropriation of assets and cheque frauds, as well as manipulation of financial results.

This work is now complete and has not identified any matters which we wish to draw to your attention.

LETTER OF REPRESENTATION

We have included a letter of representation (Appendix 1) for your review and approval. It is important that this is reviewed and approved by ‘those charged with governance’.

Audit Findings Report | Edge Grove School Trust Limited 4

4. Qualitative Aspects of Accounting Practices and Financial Reporting

ACCOUNTING POLICIES

Financial Reporting Standard 102 requires that entities should review their accounting policies regularly to ensure that they are appropriate to their particular circumstances for the purpose of giving a true and fair view.

We have reviewed the charity’s accounting policies, as stated in the financial statements, and confirm that they are appropriate to provide relevant, reliable, comparable and understandable information.

RELATED PARTY TRANSACTIONS

We are required to focus on the identification and assessment of the risks of material misstatement associated with related party relationships and transactions.

We are required as an audit team to discuss the risks of fraud associated with related parties and to perform specific procedures on any related party transactions outside the normal course of business.

Transactions with related parties have been adequately disclosed in the accounts.

ACCOUNTING ESTIMATES

As auditors, we are aware that the selected basis of an accounting estimate may have a significant impact on the financial statements so in our work we need to identify all accounting estimates and the basis of the estimate and, where we consider there to be a high estimation uncertainty, we must ensure our audit work challenges the basis of the estimate.

We are also required to consider the outcome of accounting estimates in prior periods as a basis for our risk assessment in the current year.

The most significant accounting estimates concern depreciation of fixed assets, income cut off and the basis and calculation of the provision for bad and doubtful debts.

We have reviewed these accounting estimates for the charity and conclude that they have been calculated on a basis that is consistent with our knowledge of the charity and the sector as a whole.

GOING CONCERN

We have considered the charity’s ability to continue as a going concern for a period of at least 12 months from the date of approving the accounts. We are pleased to report that there is no modification to our audit report.

Audit Findings Report | Edge Grove School Trust Limited 5

5. Audit and Accounting Issues Identified During the Audit

We have prioritised our recommendations into the following categories:

matters that we consider fundamental and recommend addressing as soon as possible
matters we consider significant that should be addressed within a reasonable timeframe
matters that would improve overall control or promote a more efficient practice

5.1 Update on prior year recommendations

Fixed Assets – Nil	Value to be removed from Fixed Asset Register
Issue	A couple of nil NBV assets were not found during the fixed	asset
	verification. This is not best practice as the asset register should only list
	assets held.
Update	This issue has now been resolved.

2 Bursaries – formal agreements need to be in place.

Issue	During the testing it was noted that there were bursaries that didn’t have
	formal agreements inplace.
Update	Bursary documentation was obtained for sample selected as part of our
	audit testing, therefore it appears the issue has been resolved.

5.2 Current year findings

There were no current year findings to report other than those reported above.

Our audit included consideration of internal controls relevant to the preparation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control.
The matters being reported here are limited to those deficiencies that we have identified during the course of our audit and that we have concluded are of sufficient importance to merit being reported to you.

Audit Findings Report | Edge Grove School Trust Limited 6

6. Audit Misstatements

A summary of the unadjusted/adjusted misstatements identified during the course of our work is set out below.

We have not disclosed below those items that we consider to be ‘clearly trivial’ in the context of our audit. For this purpose we consider ‘clearly trivial’ to be any matter less than £7,200. We advised management of all misstatements and agreed with them whether or not adjustments to the accounts should be made.

	*Increase or* *(decrease) to* *surplus* *Increase or* *(decrease) to* *Net Assets*
Unadjusted Audit Misstatements	£ £
Overprovision for bad debts	25,844 25,844
Total unadjusted misstatements	25,844 25,844

	*Increase or* *decrease to* *surplus* *Increase or* *(decrease) to* *Net Assets*
Adjusted Audit Misstatements	£ £
Reclassification of PAYE liability from trade creditors (£96,102)	- -
To reallocate genuine trade debtors from FIA (£12,156)	- -
Gross up restricted and designated income	12,887 12,887
Gross up restricted and designated expenditure	(7,083) (7,083)
Opening balance adjustment	(6,861) (6,861)
Total adjusted misstatements	(1,057) (1,057)

We approve the accounting treatment of the above adjusted misstatements.

Trustee Date

On behalf of behalf of the Board

Audit Findings Report | Edge Grove School Trust Limited 7

Appendix i Letter of Representation

TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN

Dear Sirs

During the course of your audit of our financial statements for Edge Grove School Trust Limited for the year ended 31 August 2024, the following representations were made to you by management and Trustees.

We acknowledge as Trustees our responsibilities under the Companies Act 2006 and Charities Act 2011 for preparing Financial Statements in accordance with the applicable accounting framework (SORP 2019 - FRS102) and for making accurate representations to you as auditors.
We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed.
We confirm that all accounting records have been made available to you for the purposes of your audit, in accordance with your terms of engagement, and that all transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and Trustees’ meetings, have been made available to you. We have given you unrestricted access to persons within the charity in order to obtain evidence and have provided any additional information that you have requested for the purposes of your audit.
We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud. We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements. We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysis, regulators or others.
The effects of uncorrected misstatements (as set out in the audit findings report) are immaterial both individually and in total.
The financial statements are free of material misstatements, including omissions.

Audit Findings Report | Edge Grove School Trust Limited 8

Appendix i Letter of Representation

The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.
We have recorded or disclosed, as appropriate, all liabilities, both actual and contingent, and have disclosed in the notes to the financial statements all guarantees that we have given to third parties.
We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.
The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.
We confirm that the charity has had, at no time during the year, any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for Trustees, nor to guarantee nor provide security for such matters, except as already disclosed in the accounts.
We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the Financial Statements and that these have been accounted for in accordance with the applicable financial reporting framework.
We confirm that we are not aware of any possible or actual instances of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its activities and which are central to the charity’s ability to conduct its activities, except as explained to you and as disclosed in the financial statements.
We confirm that there have been no events since the balance sheet date which require disclosing or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements.
We confirm that the charity has not contracted for any capital expenditure other than as disclosed in the financial statements.
We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We also confirm our plans for future action(s) required to enable the charity to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no

Audit Findings Report | Edge Grove School Trust Limited 9

Appendix i Letter of Representation

further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.

We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable accounting framework.
We confirm that the related party relationships and transactions set out below are a complete list of such relationships and transactions and that we are not aware of any further related parties or transactions:

*Party*	*Relationship*	*Nature of transaction*
I A Sheldon	Governor	None
P A Kendall	Governor/Director of Sub	None
C H J Clayden (resigned 5/12/23)	Governor	None
A J Godfrey	Governor	None
C E Lilley	Governor	None
A J Robson	Governor	None
J L Stevens	Governor	None
Z M Khawaja	Governor	None
J W Tweddle (resigned 5/7/24)	Governor	None
S O’Sullivan (resigned 5/7/24)	Governor	None
D A E Williams	Governor	None
D G Emkes	Governor	None
S Maughan (appointed 5/12/23)	Governor	None
W Kent (appointed 18/1/24)	Governor	None
A Aziz (appointed 25/6/24)	Governor	None
M Barnett (appointed 25/6/24)	Governor	None
G Burger (appointed 25/6/24)	Governor	None
N Marchant (appointed 25/6/24)	Governor	None
S Perry (appointed 25/6/24)	Governor	None

We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that:
So far as each trustee is aware, there is no relevant audit information that you as auditors are unaware of; and
Each trustee has taken all the steps that they ought to have taken as trustee to make themselves aware of any relevant audit information and to establish that you are aware of that information.
We confirm that we have reviewed the UK Sanctions list and confirm that to our knowledge the charity has not had any transactions with any entity connected to those listed. We confirm we have complied with the requirements of the UK sanctions regime throughout the financial year and subsequently. (https://www.gov.uk/government/publications/the-uk-sanctions-list)

Audit Findings Report | Edge Grove School Trust Limited 10

Appendix i Letter of Representation

We confirm that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and expertise (and, where appropriate of supporting documentation) sufficient to satisfy ourselves that we can properly make these representations to you and that to the best of our knowledge and belief they accurately reflect the representations made to you by the trustees during the course of the audit.

Yours faithfully

Signed on behalf of the Board of Governors:

………………………………………………….. Governor .................................................Date

On behalf of the School’s Executive Management:

………………………………………………….. Bursar & Company Secretary ..............................................Date

Audit Findings Report | Edge Grove School Trust Limited

Appendix ii Financial Performance Report

Year Ended 31 August 2024

This financial performance report has been prepared to assist governors in understanding the school’s financial performance and building up a year on year comparison. It includes some Key Performance Indicators, ones which we think are fundamental for schools. It is not a benchmarking report comparing the school to others.

|||Results are significantly outside
normal expectations (although
there may be genuine reasons
e.g. COVID-19)|Full Time Equivalent Pupil Numbers (School)
~~P|ft~~|Full Time Equivalent Pupil Numbers (School)
~~P|ft~~|Full Time Equivalent Pupil Numbers (School)
~~P|ft~~|Full Time Equivalent Pupil Numbers (School)
~~P|ft~~| |---|---|---|---|---|---|---| |||Results are outside normal
expectations, but see above|429
~~P|~~|438
~~P|ft~~|497
~~ft~~|524
~~ft~~| |||Satisfactory|2024
~~P|~~
~~ee~~|2023
~~P| ft~~
~~ee~~|2022
~~ft~~
~~ee~~|2021
~~ft~~
~~ee~~| ||||£
~~a~~|£|£|£| |SCHOOL FEES|Gross Fees
~~_——~~||7,458,987|6,997,262|7,740,984|7,919,161| ||Bursaries, Scholarships and
Discounts including Covid-19
realignments
~~ae~~||(280,506)|(356,271)|(477,825)|(865,088)| ||Net Fees
~~—~~||7,178,481|6,640,991|7,263,159|7,054,073| ||Extras
~~——~~
~~a~~||347,619|303,005|375,743
ee|118,107
eee| ||% Increase/(decrease) in Total Net
Fees
~~eee~~
~~a~~||8%
~~eee~~|(9%)
~~eee~~|3%
~~eee~~
ee|6%
~~eee~~
eee| ||Bursaries, Scholarships and
Discounts as a % of Gross Fee
(includingCOVID – 19 discounts)
~~a~~||4%
~~e~~|5%
~~e~~|6%
ee
~~e~~|11%
eee| ||Average Net Fee Per Pupil Including
Extras
~~i~~||17,543
~~ee~~|15,854
~~ee ~~|15,370
~~ee~~|13,687
~~ee~~| |||||||| |SCHOOL COSTS|Total Costs
~~—~~||7,631,308|7,501,544|7,409,062|6,865,740| ||Total teaching staff costs
~~—~~||3,766,097|4,082,556|3,927,367|3,627,259| ||Teaching Numbers
~~——~~
~~ee~~||69
~~ee~~|77
~~ee~~|78
~~eee~~|75
~~eee~~| ||Average Cost of Employment per
Teacher
~~ee~~
~~ee~~||54,581
~~ee~~|53,020
~~ee~~|50,351
~~eee~~
~~ee~~|48,363
~~eee~~
~~ee~~| ||% Increase/(decrease) in Total
TeachingStaff Costs
~~ee~~
~~ee~~
~~ee~~||(8%)
~~ee~~
~~ee~~|4%
~~ee ~~
~~ee~~|8%
~~eee~~
~~ee~~
~~ee~~|(5%)
~~eee~~
~~ee~~
~~ee~~| ||Total Other Costs
(All Costs Excluding Teaching Staff
Costs)
~~ee~~||3,865,211|3,418,988|3,481,695
~~ee~~|3,238,481
~~ee~~| ||% Increase/(decrease) in Other
Costs
~~i~~||13%
~~ee~~|(2%)
~~ee eee~~|8%
~~eee~~|11%
~~eee~~| ||Total Teaching Staff Costs as a % of
Net Fees
~~i~~||53%
~~ee~~
~~ee~~|62%
~~ee eee~~
~~ee Se~~|54%
~~eee~~
~~Se~~|51%
~~eee~~| ||Average Cost Per Pupil
~~a~~||17,789
~~a~~
~~ee~~|17,127
~~a~~
~~ee Se~~|14,908
~~a~~
~~Se~~|13,103
~~a~~| ||||~~ee~~|~~ee Se~~|~~Se~~||

Audit Findings Report | Edge Grove School Trust Limited 12 ~~a~~

Appendix ii Financial Performance Report


SCHOOL SURPLESS		Net Surplus / (deficit) for the year	118,098	(352,074)	427,632	619,036
		Net Surplus Before Depreciation	510,695	75,174	880,154	1,051,804
		Net Surplus Before Depreciation as a % of Net Fees	7%	1%	12%	15%
		Surplus/(deficit) Per Pupil Based on Average Net Fee Less Average Total Cost Per Pupil	(246)	(1,273)	462	584
SCHOOL FEES		KEY POINTS

➢	This year there was a reduction in pupils from 438 to 429 however despite this, net fees increased by 8%, attributable to fee increases and a reduction in bursaries, scholarships, and discounts awarded.
➢	Average net fee per pupil has increased by £1,689. Extras contributed to this as they have risen £118 per pupil compared to 2023.
SCHOOL COSTS KEY POINTS
➢	Total costs have increased by £129,764 (1.7%), a higher increase to that of 2023 (1.2%).
➢	Other costs have increased by £446,223 (13%) which offsets the relatively small increase in teaching staff costs. A significant proportion of this increase is down to premises costs, which rose by £215K.
➢	Teaching staff costs as a % of net fees has fallen to 53% which is a positive trend—we recommend this number stays below 55%.
➢	The average cost per pupil increased by 4% in 2024 (2023: 15% increase). This is as a result of the increase in total costs in 2024 and reduction in pupil numbers (recognising that a significant proportion of costs are fixed).
SCHOOL SURPLUS KEY POINTS

➢	The school reports an overall net surplus for the year of £118,098. This is an increase of £470,172 as 2023 produced a deficit. The main contributor is the increase in fee income, whilst costs only increased by 1.7%.
➢	Net surplus before depreciation was at £510,695 in 2024, which resulted in a 7% return, compared to just 1% in 2023. Whilst this is a positive trend, we recommend that the school should aim for a minimum return of 13%-15% to ensure the financial model of the school remains strong.
➢	The school recorded a deficit per pupil of £246 for the year to August 2024 which is an improvement on 2023 which recorded a deficit per pupil of £1,273.

Audit Findings Report | Edge Grove School Trust Limited 13

2024-08-31-accounts

108

nd Ver1 R•&ionln9 ki provldo tal1•d 8upport and chpllon9e I every learner.

108

nd Ver1 R•&ionln9 ki provldo tal1•d 8upport and chpllon9e I every learner.

Contents

1. Introduction and Coverage

PURPOSE OF THIS REPORT

LIMITATIONS

RESPONSIBILITIES

2. Independence

3. The Audit Process

SCOPE

AUDIT APPROACH

MATERIALITY

3. The Audit Process

AUDIT MISSTATEMENTS

RISK OF FRAUD AND ERROR IN THE FINANCIAL STATEMENTS

LETTER OF REPRESENTATION

4. Qualitative Aspects of Accounting Practices and Financial Reporting

ACCOUNTING POLICIES

RELATED PARTY TRANSACTIONS

ACCOUNTING ESTIMATES

GOING CONCERN

5. Audit and Accounting Issues Identified During the Audit

5.1 Update on prior year recommendations

5.2 Current year findings

6. Audit Misstatements

Appendix i Letter of Representation

Appendix i Letter of Representation

Appendix i Letter of Representation

Yours faithfully

Year Ended 31 August 2024

2024-08-31-accounts

108

nd Ver￿1 R•&ionln9 ki provldo tal￿1•d 8upport and chpllon9e I￿ every learner.

108

nd Ver￿1 R•&ionln9 ki provldo tal￿1•d 8upport and chpllon9e I￿ every learner.

Contents

1. Introduction and Coverage

PURPOSE OF THIS REPORT

LIMITATIONS

RESPONSIBILITIES

2. Independence

3. The Audit Process

SCOPE

AUDIT APPROACH

MATERIALITY

3. The Audit Process

AUDIT MISSTATEMENTS

RISK OF FRAUD AND ERROR IN THE FINANCIAL STATEMENTS

LETTER OF REPRESENTATION

4. Qualitative Aspects of Accounting Practices and Financial Reporting

ACCOUNTING POLICIES

RELATED PARTY TRANSACTIONS

ACCOUNTING ESTIMATES

GOING CONCERN

5. Audit and Accounting Issues Identified During the Audit

5.1 Update on prior year recommendations

5.2 Current year findings

6. Audit Misstatements

Appendix i Letter of Representation

Appendix i Letter of Representation

Appendix i Letter of Representation

Yours faithfully

Year Ended 31 August 2024

nd Ver1 R•&ionln9 ki provldo tal1•d 8upport and chpllon9e I every learner.

nd Ver1 R•&ionln9 ki provldo tal1•d 8upport and chpllon9e I every learner.