2025-08-31-accounts

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Charity Registration No. 311054 COmpV Registration No. 00947085 IEn8land and Wales} EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT. STRATEGIC REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Governor5 Mr D A E William5 Iresigned 3 December 20241 Mr5 M 8arnett Ichairl Mr P A Kendall (Deputy Chairl M5 A J Godfrey MrDG Emkes Mr Z Khawala MrCE Lilley Mr A J Robson Iresigned 4 September 20251 Mr l A Sheldon Mrj L Stevens Mr5 S Maughan MrsWKeni Mr A Aziz Ires4gned S December 20241 Mr G Burger fvlr N Marchant Ms S Perry Mrs A Sinclair (appointed 19 September 202SI Mr M Redmart lappointed 19 September 20251 Mrs J Sutherland lappointed 19 September 20251 Key Management Personnel Head Mr E Balfour (to 17 October 20241 Mr RJP Stanley (appointed 17 October 20241 Head ènd A551Stant Head Istaff Development) Mr RJP Stanley (to 17 October 20241 Deputy Head (Academlcl Mrs V Hodge (appointed 6 January 20251 Senior Deputy Head (Pastorall Mrs M Wright (apInted I S*ptember 20241 Bursar & Company secretary Mrs GP Dippenaar (to 14 December 20241 Burgar & Clerk to Governors Ilnteriml MrTIR Petty (appointed 16 December 2024 to 21 April 20251 Bursar & Company Setretary Mrs D TaySor (appointed 22 April 20251 Assistant Head (Junior Dep3Ttmentl Mrs E Balfour (to 17 October 20241 Asslstant Head ljunior Department) Mrs A Wynne lappoinled l January 20251 Asslstant Head Imlddle School) Mr C ThornÈ (appointed I September 20241 Asslstant Head IDi8ital Development) Mr l Kay Director of Marketins and Admission5 Mrs P Hopkins (to 17 March 20251 Assistant Head ICo-CurrScularl Mr B Mcmanus Assistant Head (Learning 5upportl Mr5 L Simmond5 (appointed I September 2Q241 Director of Marketing & Admlsslons Julia Gaine (appointed 14 july 20251

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE} LEGAL AND ADMINISTRATIVE INFORMATION Charity NumbÈr 311054 Company Number 00947085 Reglstered Office & Principal Addre55 Edge Grove School Aldenham Village Watford Hertford5hire WD25 SNL Auditors TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Bankers Barclays Bank PIC 11 Bank Court, Marlowe5. Hemel Hempstèad, Hertfordshire HPI IBX

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) CONTENTS Page Governor5, Report lincorporating the Stratesic Reportl Statement of Governors, Responsibilities 14 AuditL)rfs Reprtrrt 15 Staiement of Financial Actlvitles 19 Balan Sheet 20 Cash Flow Statement 21 Notes to the Financial Statement 22

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) The Governors presentthèir report and finantial statementsfortheye¥rended 31 August 2025, which also comply with the Companie5 Act 2006 rèquirement for a Dire¢tDr5' Report and Strategi¢ Report. The accounts comply wtth the requirements of the Companles Art 2006, the Charrf(ies Act 2011, the Memornndum and Artlcles of Association and Ac¢otAnting and Reporting by Charttles.. Staternent of Recommendèd Practice applicable to charr(ies preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UKand kepubllcof Ireland IFRS 1021 leffettive lJanuary 20191. STRucfuRE. GOVERNANCE AND MANAGEMENT Edge Grove I'the School") wa5 fDunded in 1935. It bècame an incorporated charitable company in 1969, Edge Grove School Trust Ltd I'The Compartfl, charty registration number 311054. COTnpany regstratlDn number 00947085, wlth the liabilty of its members limited tg £1 each by 6uarantee. ThÈ RegisteEd Office and principal address is at the Schogl. The Company is governed by Its Artlcles of Assoclation, adopted by special resolutton on 4 September 2014. The School The School is h co-educational, independent preparatory day school for children between the ages of 3 and 13 year5. Following the salè of the lease on the School House Nursery the whole School is now ccnveniently located on onè site only, situated in 45 acres of Hertfordshsrè parkland, midway between Watford and Radlett. The Head is a member of the Incorporated Associatson of PrÈparatory Schools IIAPSI and the School is a member of the A5SeCTation of Governing Bodies of Independènt Schoo[5 IAGBISI and the Independent Sthools Bursars. Association IISBAI. It i5 governed by a Board of Govèrnors, who are also company dirertors and charity trustees. GrDUP Structure The School is an independent single entity. Governartce and Organisational Management The members of the Governing Body. as the company directors and the charity irustees, are legally responsible for the over011 management and control of thè School. The following served as Governor5 urin8 the year in question.. Mrs M Barnett (Chair appointed 31121241 Mr P A Kendall (Deputy Chairl Mr D G Emkes MsAJGodf Mr Z Khawaja MrCELilley MrA J Robson Iresigned 041091251 Mr l A Sheldon Mrj L Stevens Mrs S Maughan Mrsw Kertt Mr5 S R Perry

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) Mr N Marchant Mr G Burger The Governors have no benefbcial Interest In the company. All of the Governor5 are members of the company and, as such, guarantee to contribute £1 in the event of a winding up. The Governorg determine the general strategy of the School. Effective goverM3nce is ensured through: firstly, the apIntment of Governor5 Wlth a range of relevant skills and knowledge as meagured against agreed parameters., 5ecDndly, the efficient working of the Board's delegated committee structure (see below); and thirdly, through application of a risk management regime which seeks to cover all aspecls of the governance task. The day.to-day management of the School is delegated to the Head and the Bur5arwho are supported by the Senior Leadership Team and the Senior Executive Team. Together these groups form the Key Management Personnel. The Head and Bursar attend all of the meetings of the Governing Board and ffcs committees. The Governors. 3551Sted by the Head, select new members of the Board. Applications for the position of Governor Bre sought bywcrd of mouth. The full Board of Governors meets at least 3 tlmes per year. The Board is assisted by Cornmittees which carry out close sciutiny of the Governors. responsibilities hd which meet termly. The committee strutture comprises- EducatlDn. Finènce aDd Estates. and HR & Remuneration. These committees comprise Governors and, where applicable, other co-opted individuals. All the COTnmittees Dperate underterms of reference specified by the Board of Governors which ratifies the detbslons of each committee. The Chair and Deputy chair of Governors are. ex-officio, members of all sub committees. The 8oard operates a strateElt planning process of all Board Members rather than delegation to a specific committee and ihis meets at lÈast annually. During the year in question. other Board merrbers Seed on the individual commlttees a5 follow5-. FinancÈ & Eststes: Mrs W Kent (Chairl, Mrs Mr Z Khawaja, Mr D G Emkes, Mrs M Barnett, Mr A I Robson. Mr C E LI11, Mr J L Stevens, Mrs S R Perry Education: Mr l A Sheldon (Chairl, Ms A J Godfrey, Mr G Burger, Mrs S M3u8han, Mr N Marchant HR & Remuneration.. Ms A l Godfrey (Chairl. Mrs W Kent, Mrs M Barnett, Mr P Kendall Indwidual Governors held spetific responsibilities for Safeguarding, Education. Health & Safety, Pastoral. Governor Induction and Tralning The induction and training Of Governo is carried out bn accordance with the School's policy on the subjeu, whlch also covers the process of appDintin8 Governors. In addition to receiving a detailed Governors Welcome Pack,, new Governors attend a Series of orientation visits and briefings aimed at familiari5ing them both with the detailed workings of the SchoDI and the responsibilities attaching to their iole as trustees. Governors are also required to under80 onllne training in-. Safe8U3rdiiig, Online Safety. Prevent, GDPR & Cyber training and tc) be up to date with the most recent publication of Keeping Children Safe in Educalion IKCSIEI.

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS. REPORT (INCORPORATING THE ¥fRATEGIC REPORT) Following their appointment, Governors ate strongly urged to take advantage of ihe numerous external trustee training and information courses available, and a central record of such attendan maintained. It 15 our policy that at least once per year. a Joint staff and governor trainits8 day is arranged on a topic of rnutval interest. Related Parties No Governor nor Key Management Personnel had any significant related tr?nsactions Wlth the School during the year. Remuneration of Key Management Personnel The School vlews all membe15 of the Senior Leadership Team ISLT) as bein6 "Key Management Personnef, and Governor5 take deliberate Steps to ensure that these personnel are fairEy and appropriately remunerated. Mr RJP Stanley Mrs DM Taylor Mrs M Wright Mrsv Hod8e Mrs Awynne Mr C Thorne Mr B Mcmanus MrlKay Mrs Lsimfflonds Mr5 J GainÈ Head Bursar & Company Secretary (Apr. 20251 Senior Deputy Head (Pastorall and DSL Deputy Head IAcademicl (Jtsn. 2025) Assistant Head (Junior Department) [Jt7n. 20251 As515tant HÈad (Middle Department) IresignedAug 251 As#istant Head (Operational Lo8lStlcsl As51Stant Head (Digital Developnentl Assistant Head ISENI Direct¢rof MarkÈting and Adtnissions (Jul. 2025) Thè Governors detemine the remuneration levels for the Hèad and Bursar aftèr due consideration between the Chair, the Chair of the FiNance Committee, the Head linthe case of the Bursar) and other Governors as may be 3ppropriate. The52 are reviewed annually wtth due consideration given to not only sector benchmarking suNeys, such as 15 availablè from AGBIS and other surveys from speclalist accounting practices, but also to performart against objettives set. The remuneration for all other members of the SLT is based upon a dÈfIned and published leadership salary scale, changes to which are recommended by the Head and Bursar as a constituent element of thè staff remuneration review by Governots. Changes to individual remuneration may also be recofflmended to Governors following appraisal and performance ag31nst objertives set. Governors are invited to approve recommendations as part of the L)verall annual budgetary approval process or a5 Otherwise appropriate. CHARITABLE OBJEcf5. ETHOS, AIMS, STRATEGIES AND AcfiviTIES Charitable Objects Edge Grove is a CharltableTrust, thestated general objectof which the advancementand promotion of education as per the Articles of Association. as adoptèd on 4th September 2014. Fees are set at levèl io ensure the fjnancial viability of the Schotsl and at a level that is conslstent with our aim of providing a first class education to boys and girls.

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT IINCORPORATING THE STRATEGIC REPORTI Furtherniore. the Governors recogni5e that, underthe Charitie5 Act 2011, the charity must be able lo demonstrate that Its objects or aims are for the public beneflt and do so by establlshin8 and administering bursaries, grants ar)d awards, and arting as the trustee and Manager of propertv, endowménts, bequests and gifts givèn or established in pursuit ol these Objects. Mission and Values Edge Grove is a leading indepen¢J*nt UK prep School for boys and glrls aged 3-13. Our Mission isihat Edge Grove is a place where diversityand inclusion are celebtsted. creating a warm and welcoming community where everyone - children, families and staff - feel valued and supported. OurvibTant outdoor environment, inspiring classrooms and passionate staff ensure our children have the freedom and space in which to grow. For each child it is the beginning of who they will become, what they will achieve and the difference they will make in the world. Whatever their abilitiès. gender, race, religion or belief, sex or sexual orientatK)n, all pupils develop r)ur core value5 of Integrity, Independence and Inspiration. INTEGRITY Pupi15 feel healthy, safé, happy and proud to bek)ng and be a unique part of the Edge Grove community. They enjoy friendship and fun. promote kindness, living and 8rowirb8 in alignment wfch the following self-elected 16 core Values.. Confidence Passion Determinatlon Diversity Unitv Responsibility Risk-taking Sportsmanship Creativity Integrity Trust Empathy Kindne55 Respect Humility Tolerance INDEPENDENCE Pupils develop. through child-centred active learnln& intellectual, physical and spiritual confidence and independence, self-motivation and agency across a broad range of acadernic. co-curricular and pastoral activities and emperiences. They ask and answer quÈstions, develop curiosity, a Growth Mind- set, passion and entreprÈ#eurship. INSPIRA TION Pupils hone the following transferable, lifelong World Economic Forum skills for future success and personal fulfilment: l. Analytical thinking and innovation 2. Active learning and learning strate£les 3. Complex problern-solving 4. Cfitical thinking and analysi5 5. Resilience, Stress tolerance and flexibility 6. CreatNlty, originality and initiative 7. Leadership and Social influènce 8. Reasoning, problem-solvin8 and ideation 9. Emotional intelli8ence 10. Technology design and programffling

EDGE GROVE SCHOOL TRusf UMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) ms The School aims to provide a secure and happy envsronmeftt in which children feel safe, nurtured and valued. We promote high standards of academic ochievementthrough innovative, reflertweteaching, focussed assessment and a rigorous curriculum to ensure all pupils reach their full potentTal and develop their confidence, and thereby prepare them a5 effertively a5 posslble for the next stage of their education. The School strives not only to achieve audemic succèss but also to provide a wide range of opportunities in a co-educatyonal environrnent to enable pupils to discover and develop interests and expand their experien. We seek to promote a sPiritU81 and moral awareness in our puplls based oft the misslon and values. Primary Objertives The primary objectives of the Sehool to fu11 its aims are- to continueto seek opportunities to make its education and associated facilities accessible to the public, and young people in particul)r' to implement plans for the School's ¢apltal investment as set out in its Development Plan, which is reviewed and updated annually,. and to continue to seek opportunities to make its educatlon and associated facilftles accessible to the public. and young people in particular. Beneficiaries As a registered charf(y, the School's immediate beneficiaries are its puplls who are able to take èdvantage of the wide and varied educational opportunities offered by the School. The Schc)01's high standards are founded on a 8enuine concern forthe weffare and posltive developmènt of every child. Emphasis on courtesy and gc)od manners is embedded in a real farnily atmosphere withln the School. and parents are encoyra8ed to be fully involved in the development of their own children's education and in the wider cornmunity life of the School. Pupils, and parents, views are fully taken into account in the shaping of school policy. Public Benefit Govèrnors have considered the Charity Cornmission guidance on public benefrt to include the following: Bursary provision- Charitsblè givin8; Local community links and partnerships,. Provide greater expertise and access to facilities. It IS irnportant to the School that access to the education we offer is not restricted to only those who can afford ourfees.The School's policyfor the award of sCholah1pS and bursarfe5 (reviewed annually by the Board of Governors) ensures that funds are made available to stsb5idise places at Edge Grove for deserving and tslented children from familie5 experiencing unforeseen Dr tèmporary financial hardship, but not to the exclusion of the much wider benefrt. Those pupils who attend the School and who receNe financi31 support Contribute to the schotrl community in a variety of ways, and so the benefit is not purely to these puplls but to the whole School and thu5, In 50me cases, to the wider community.

EDGE GROVE SCHOOL TRusf LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) An annual budget for mèans-te5ted bursarie5 is established by the Governors, Finance Committee, acting on bèhaw of the Board. as 3 core element of the annval budget piocess and indlvidual pplicati4)ns arè assessed by the School within that budget limit. The Board is pleased to note that it was able t(} continue to provide very signlficani leveL8 of means-tested financial asslstance with an annual value of £234,80212D24: £208,5061. Fundraislng It Is the intention of the School that all fundraising be carried out bythe School's staff with assi5tancE from parents, pupils and alumni in thé runninÈ of specific fundrdi5ing events: the School will not Use professional fundraisers orhave any commercial participants. Fundraising is rnonitored lor compliance wf(h appropriate regulation5 by the Buisar with overall overslght by the members of the governing dy. During this financial period, a total of £2,514 was iaised and distributed to many different charitleS of the childrèn's young enierprises, includin81 Royal BrIth LegiDn, Bloom for Books, Memillan Cancer, Great Ormond Street and Cancer Research. The Friend5 of Edge Grove rnade donations tsf equipment to the school, totaling over £8.400; blinds for the theatre, outdoof table tennis, lane ropes fvr the pool. beehive5. mud kitchen, building blocks. The School ha5 in place procedures that would be followed in the event of a complalnt re8ardlng fundraising practices being received with the init131 response being the responsibility ol the BursaT. Any continuing issues would then be passed to the governing body to determine what further aclion might be rèquired. The School does not currently subscribe to any specific fundraising Standards or schemes for fundraisin8 regulation but consider5 that it has set appropriate 51andards for the operation and management of its fundraising activities. In particular, the School considers that its processe5 and controls should ensu that vulnerable people and other members of the public are PTOtected from any unreasonable intru51Dn on a per50n's privacy and that no fundraising activities WDuld be unreasonably persistent or place undue pressure on a person to givè money or other propèrty. STRATEGIC REPORT When detÈrminin8 the Strategies forthe School's operation, Govèrnors are both mindful of and act in good faith towards their corporate responsibilities Bcross a range of areas and their duty to act in the way considered, in good faith, to be most likelyto promote the success of the company tor the benefit of its members as a whole. and in doing so have regard (amongst other matter51 to: the Ilkely c(Insequences Df any decision in ihe longterm; the illterests of the School's employee5,' the need to fDSterthe Sch(Jol's business relationships with supplier5, parents and other5- the impact of the School'5 operations on the community and the environment,, the desirability of the company rnalntainins a reputation for hlgh 5tandard5 of busine$5 conduct.

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE} GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) Achievements and Performan A measure of general operational perfOrrnan is the number of lea¥ers who went on to their chosen Senior school. From yèar 8. 16 pupils moved on to a totsl of 9 senior schools. From year 6, 38 pupils moved on to 17 drfFereni schools. 2 stèyed at Edge Grove, and I was to be home schooled. A total of 26 scholarships were awarded to pupils entered fordifferent schools at both Il+ and 13+. Understanding each child'5 indivldu81 èducational journey begins wilh having Clear, accurate insight into both potential and progre55. Central to Edge Grove's commitment to 8 truly per50nalised education 15 a robust and carefully embedded framework for tracking and monltorTng pupil development from EYFS through to Year 8. Si8nrfKant investment has been made in Strengthening these 5YStems, ensuring that each child's academic growth is me35ured conslstently, objectNely and meaningfully over time. This evidence- Informed approach enables HODS and teachers to plan with precision. deliver targeted and differentiated learnln& and to respond swiftW Whe additional svpport or challenge is required. It also ensures that paTrtS a kept well informed and able to engage confidently with their child's progress. These rigorous assessment and monitoring practices sit at the heart of thè SchooY5 wider reporting and tracking frameworl through which the followin6 key arèas of 8rowth and achievement during the 20225 acadernic year are eVidend.. I. EYFS Assessment Assessment in the Earlyyears 15 rooted in a deep understandingof each child as an elementary learner and is eentral to ensurin6 a strong foundatlon for future success. Children are assessed at both the beginning and Ènd of each academic year, infomied by high-quality, continuous ob5eNations Thade by the EYFS team. These observations are 5yStematicalty recorded using Tu)*Stry and carefully mapped against the School's a$5es5ment framework. This approach ensures a cohèrent, consistent and developmentally appropriate picture of each chlld's progress, enabling Èarly identification of strengths, next Steps and any emergin8 needs. 2. GL Assessment- En81i5h and Maths From Reception onward5, pupil progress in English and Maths is tracked using GL Asse5smenYs Progress Tests. These nationally standardi5ed a5ses5ments provide detalled diagnostic information that 5UPPDrts accurote benchmarkln2 and infomis targeied intèrvention where requlred. The data allows the School to monitor progress over time, evaluate the impart of teaching, and analyse outcomes acros5 key pupil groups, including pupils with EAL, SEN, and by gerbder. This ensuFes that academic support is tlmely, precise and responsive to need. 3. GL PASS- Pupil Attitudes to se and School Recogni5ing that academic succe55 is cltysÈty linked to wellbeln8 and selF-perceptiDn, the School uses GL'5 PupilAttitudes to Self JndSchool(PASSJ Sue¥ across Years Ito 8. PASS provides valuable insight into pupi15' confidencÈ, motivation, resilience and sense of belonging. These important pastoral insights play a vital role in informlng pastoral provision, guiding academic planning, and 5UPPOrting early inteNention, ensursng that pupils are emotionally equlpped to thrive alongside their academic develgpment.

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT} 4. Wrtting Assessment Writin8 15 assessed termly against clearly deft'ned age-related eXclOt10ns. offerlng a current and meaningful measure of progress that moves beyond rellance on historit National Curriculum leveL5. Outcomes are recorded on a b2spoke Progressiosb Grid, enabling tèacher5 to track developTnent with precision overtime. This approach supports tortsistency in jud8ement5, informs targeted tèaching and inlervention, and ensures that progress in writing is clearly evidenced and monit¢>red acr055 year groups. WholÈ-School A¢ademic Priorities forthe CurrentA¢ademic Year The School has identified 3 Trumber of key academic fucus areas designed to enhance te8chin8 effectiveness and improve pupil outeomes across all year groups-. l. Strengthening Phonlcs PFOV15ion The gngoing implementatk)n and rootlng in of a comprehenstvÈ phonics programme across the junior and Middle Departments to ensure ronsistency, rigour, and prrjgression in early reading instruction. 2. Refining A55es5ment and Feedback Practice5 A whole-school approach 15 being developed to create rneaningful, child-centred systerns for marking. ssessment, and reporting - spanning Nursery to Year 8 ensuring feedback is purposeful and devèlopmental. 3. Harnessing Technology for Personalised Learning Al-driven learning tools, irlcluding Atom Learning and Century Tech, are belnE integrated across English, Maths. Sciènte, Non-verbal Reasonin& and Verbal Reasoning to provide tailored support and challenge for every leainer. Screen-Free Week has again been approved by SLT for ihe summer term but requires enormous thought and planning. As with last year. this will require pupil, staff and parent buy-in, sUPPOrt and commitment. 4. Expanding on and enhancing th@ excellent work done in the English Department Leadership of the English Department requires deeper consideration now former English Coordinator, Alice Wynne ha5 been promoted to AHJD. Ideally subject lèadership would be most effective wlth team of three. I Verbal Reasoning.. continueto ensurethat verb31 reasoning le5song aretimetabled for Year 3 and Year4- longerthaD 30 mins for Year 5; and lessons In Year 6AutumTr Term. bl Year 3 and 4 English: Areview of English units t3U8ht in Years 3 and 4 with a curriculum continuity, text types lor writing, and investment in new, shortertexts. cl Enhanting Handwriting A renewed emphasis on handwriting is underway. with targeted strategies to raise standards and consistency across all year group5. dl Raislns Standards in SpeSllng Spelllng continue5 to be a who5e-school development priority, with structured approaches in place to support irnprovemÈnt and retention. 5. Maihs Department= junior Maths Challenge (aimed at Year 8 and below pupils) wa$ completed suctt55fully by all pupils in Year 7 and 8, and Top Set Year 6. 80% of pupils who took part in the challenge achieved Bronze. Silver or Gold.

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) Within the Junior Maths Challenge. School CordS were beaten bytwo of our senior kmsys. The Intermediate Maths Challenge, aimed at pupils in Year 11, was cornpleled by eight Year 8 pupils. Four pupi15 qualified for the national final. Areas of growth: l Must ensure non-verbal reasoning lessons aretimetabled forYear3 and Year4,. lorJBer than 30 min5 for Year S; and lessons in Year 6 Autumn Term. bl Continue to monitor and review the new Edge Gme Math5 Curriculvm that was launched in September 2024. Feedbackfrom teacher5 has been positwe. 6. Curriculum Development in Humanlties The revlsed Humanities curriculum continues to be rolled out from Year I to Year8. The aim being to realign and re-designed to offer 8reater coherence. depth, and relevance across Historyi Geography, and related disciplines. 7. Scieno Deportment: Some of the hiehlights and growth areas recorded in the past atademicyear include: al Introducingthe Year 3 and 4 children to the Science block ratherthan in the standard classroom5 has proved successful in recent months. bl A serie5 of activities for British Science Week were 5uc¢essfully conducted, spanning from ReptIon through Year 8. cl Particlpation in the Haileybury School STEM workshop which involved a number of Year 6 students. dl Hands-on first aid and CPR tralning for students sn Years 5 through B during our free screen week. Sport and the Performing Art5 This year has been onÈ of impresswe success across both sportingand creative endeavours, reflerting Edge Grove's commitment to nurturing well-rounded, confident. and c£pable pupils. Particularly noteworthy arethe achievements in the performing arts, with the end of year production. Hlgh School Musicol proving to be a blockbuster of note, playing to packed houses on eight separate occasions. Pupi15 Qf all ages benefit from a broad schedule of music tuition and appreciation cl8s5es, musical concerts, yèar group showcases. and whole-s¢hool productions, providing meaningful opportunities to participate. perform. and grow in conf1dence and 5elf-expression. The performing, creative and V15ual arts continue to play Central roles in our pup>is' education. Equally impressNe achievement5 have been seen in the sport arenas. several yeèr groups have 38aln demonstroted promising talent and commitment. Year 6 boys and girls have excelled across a variety of disciplines, whilè the Year 4 boys have impresstd with their compeililve spirrt and ronsSstently stron8 perfomi3Aces. The UIIA ¢rlcket tèam'5 remarkable journey to the Unty cup final. narrowly losing to the eventual champTon5, was a highlight of the year. Table tennis has continued to be a particularstrength, notably among yea 5 and 6, while cr955 country ha5 seen Years 3 and 4 achieving outstanding resu5. SUC$$ in table tennis extended to both district and county competitions. with the Ull and U13 boys, and girls, team5 securing district victories, the Ull girls achieving a fIt-plaCe finish at county level, and the U13 boys placing a Commendable second. Buildingonthese achievements. the5chool remains committed to fostering srtIng eXllence across a wider range of activities and year groups.

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) Scholastic succe55 in the arts- illustrated through senior school art scholarships. outstanding external examination results. and achievements in Music competitions - forms only part of a vibrnnt creative programme. Togèther, these accomplishments in sport and the arts exemplfy Edge Grovè's continued all-round, holistic approach to education, ensurin8 that every pupil ha5 the opportunity to thrlve both academScally, holistically and personallv. Employment Pollcy The School is an equal opportunities ernployer. All job applications. including those from individuals wlth disabilities, are given full and fair consideration, with appropriate attentlon paid to their training and employment needs. Although the number of School employees falls below the threshold for Gender Pay reporting requirements, Edge Grove 15 committed to ensuring that all staff remuneration is determined 501ely by the responsibilities of the rolè, rather than the personal charatteristics of the employee. The School actwely maintains consultation with employèes at all levels, wtth the aim of incorperating their views when making decisions that may impad their interests. Whole school, anonymous St£ff surveys have been used as a temperature check from time to time as well. AddTtTonally. employees are kept informed of the School's financial and economic performance through regular, termly information sessions conducted by the Bursar. standard management channels, u5in8 a variety of communication methods. FINANCIAL REVIEW General Review In the financial year 2024125, gross fee income was £7.184,50212024.. £7,458.9871 a decrease of £274,48513.68%1. Average pvpil number5 decreased by 6.72% from 429 in the Summer 2024. to 402 in Autumn 25. Cash balancÈs generated from operating surpluses provided the funding that enabled £136,95412024'. £166,212) to be allocated to capital projects designèd to maintait) and improve the School's facilities. Donations and legacies received or confirmed durin8 the year amounted to £23,97912024: £12,1381. Ove11, the Governors ¢onsider ihat the operating defitit of £12.31912024: Surplus of £118.0981 represèntèd a satisfactory performance under the prevailing circumstances including an unpredicted change of leadership in O¢tober 2024 and the closure of the School House Nursery and wr5te off of its assets. The Governors consider that thè future vlability of the School's finèncial p051tion and stabilitv holds some potential Challenges wlth 83rd to a number of factors, including dècreasin8 pupil umber5 and the economic and political climate. A5 at 31 August 202$. net general unrestricted funds stood at £7,331,14812024= £7,358,2891. These funds were wholly deployed in funding the School's premises. equipment and working capital. The balance of funds needed to finance these items has been provided through lonE term loans, setured on freehold properties. As at 31 August 2025 total borrowings were £2,253,48612024.. £2.456,6111. Net cash balan5 at the Year-end tatalled £916.00112024'. £1,264,213), a decrease of £348.212. io

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT} Reserves Policy and Financial Ifiability Each year a detailed budget and cash flow is pr{UCed for the followln8 year and perlod performance is monrf<ored againstthose figures. In setting the budget, the Govern¢rs' policy isto generatesufficient reserves each year to enable the School to invest In its infrastructure and fulfil its DÈvelopment Plan, to support and senrice its borrowings, as well as to providè workinB capital and to ensure compliance with relevant bankin8 covenants imposed as part of the School's bank borrowings. The School wlll utilise all of its reserves in meeting these èlms and does not expect to 8enernte free ieseNes overand above the level required to meet them. Annual cash surpluse5 representing the Sthool's liquid resources are m4na8ed carefully In orderto service its wod(ing capital requirements. PRINCIPAL RISKS AND UNCERTAINTIES The School's strategy contSnues to be to focus upon the continued provision of its 5ervice5 to pupils. Parents and staff alike whilst seeking to maintain èdequatè reserve5 forthe future. Durln8this period in question. the Goverr)ors, together with the School'5 Executivè Management have maintained a close watch over jll cash balances, both current and forecast, In a fomial drive to ensure that the school remains a "going COnrn. and that loan covenants agreed with lenders remain intact. Risk Management The GovernoK5 ¢9nsicler the continued potential impact in all sectors of society (economic, political, C05t of living crisisl upon the affordability of fees by parents across the independent sector as well as continued upward pressures on suppliers and staffing cost5 to be the principal risks faced by the school. Any further large decreases in pupils lon top of the net 27 from 2024 to 20251 may prove diff1cu to offset with cost redurtions. They also consider the following aièas as bèing potentiallv major risks: Failures of re8ulatory c¢mplianee across all areas but specifically in Sèfeguardingi Security or Health & Safety,. Reput3tiDnal damage from adverse publicity; Competition from otherschools, both independent and maintainèd: an inabi14tyto attratt and retain quality teaching staff. The Board of Governors retain5 detailed consideration of risk management as its dirètt rÈspctnsibility and has assessed the rnajor risks to whSch the School is exposed. The risk management prO$S identifies risks, assesses their impatt and likèlihood and, where necessary, recommends controls to Mit8te ?nd monitor those risks that are 85se5sed as high. The generic controls used by the SchDoI to minimise risk include: detailed terms of reference together with formal agendas for Committee and Board actNity' strateglc delopment plannin& revlèwèd at least annually by the Board,- comprehenswe bud8etinB and management accounting.. established organisational structure5 and lines of reportlrn formal written policie5 including clear authorisation and approval levels- and vetting procedures as required by law for the protection of the vulnerable. li

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT IINCORPORATING THE STRATEGIC REPORT) The Governor5 regular review the effecriveness of current plans and strategie5 for managing all identrfied major risks for both the SchDoI and it5 subsidiary. All Governor5, cornmittees maintain risk management as a staftding item on rneeting agenda5 and each carries out a comprehènsive Continuous appraisal of the ri5k5 applicable to Its specific area tsf responsibility. The Head and Bursar produ¢e commentaries on the most serious rks. actions requiredto mitigatèthose risks are identified and progress on their implementation is Carefully monltored within each committee. The Board will consider any 'red' risks at the full board tommittee5 and a formal Governors, Risk ReÈistÈr is formally endorsed by the Board Each year. The Board recognises thatSy5tems cannot provide absolute assurance that all possible risks have been ident"tfied or managed. Safeguarding Rlsk Management The overriding (Juty of charity trustees in safeguardlng matters is the responsibility for ensurin8 that those benefiting from. orworking with, their charity are not harmed in any way through contatt wrfch it. They have a legal duty to act prudently and this means that they must take all reasonable steps within their powers to ensure that this cloÈs not happen. The Goveinors confirrn that thèré have been no incidents in the period that required reporting to the Charity Comthission and that they have: assessed the s?feguarding risk5 that might arise frorn their charity's activities and operations- created, developed and put in place suitable policies and procedures to handle allegation5 and incidents,. undertaken on-going monitoring ttr ensure effective implementation of those policies and procedures,. taken steps to ensure that both the 8oard and staff working within thè charity respt)nd properly whÈn allegatitsns and incidents arise and report as necessary to the police and other agencies,. and reviewed policies and prDcedure5 both perlDdl¢ally and following sertous Incidents, Using their experience of particular incidents to manage and minimise the risk of somethlng similar happening again by making any nece55ary ¢h#nges to the charity's policies and procedures. PLANS FOR THE FUTURE Primary Str*eglc Objectives The School has recently rewritten its Strategic Plan (October 20251 and a new Development Plan will Sit underneath this, determining the broad direction of the Schc¥oI's objective5 and the operationBI proce55 for irnplementing the objectives. The primary future plans for the School are set out in the core elements of the School's 5trate8ic Vision. The52 are.. to nurture and develop the character of eath of our children. keeping them safe and happv, while instilling the values that will enable them to become confident. compassionate citizens and achieve their best In the world beyond our school. to value each child's individuality and tailor our approBch so that each child tan flourish and discover their unique talents and passions. to provide inspirin8 teathlng, a relevant and broad curriculum and innovative use of technology to Èqllip children with what they need to thrive. 12

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) to leverage our unique and magnificèftt community and environrnent - both physical and human in orderto provide unparalleled opportunities for grawth and ensure our children can fully experience everything Edge Grove offers. to focus primarily tsn the immediate financial health and stability of the School, with optimal cashflow and to generate funds to be released for Capital spend on the maintenance of the estates and IT infrastructure. to maintain the capability of the 5thool to offer education to children whose parents are unable to afford full fee Specifit objectives for 2025126 The School will wntlnueto offer a hlgh quality. all round education in line withihe three key elements of its longerterm stfatebyand ethosand aim5 a5 detailed above. The Board of Governors has identrfied the folkiwlng specific objectives forthe forthcoming year 2025126- 11 Ensure the school continues to provide educational excellence for every child in both academic and co-curricular activlties. 21 Continuè to improve the Edge Grove communlty as a whole including embeddin& a culture of safeguardin& equallty, diversity and Indusion across the school by actlvely promotin8 practi¢es that encourage respect for one another. 31 In¢ase the school's visibility wtthin the independent school 5ettor and wider community to grow pupil numbers and provide a variety of oppropriate dèstination schools. 41 Ensure financi81 viability of school. DISCLOSURE OF INFORMATION TO AUDITORS Each of the Governors has confirmed that, insofar * they are awèrè. there ts no inform3tlon of which thèy arè aware which is relevantto the audit, butof whichthe auditors are unaware. They have further confirrned that they have taken approprlate step5 to Identfy such relevant information and to establish that the auditors are aware of such information. This report, including the Strategic Report. was approved by the Governors, as the Dirertors and Trustees of the charttable company, on 16 December 2025 and signed on their behalf by: Mrs M Barnet Chair of Govemors 13

EDGE GROVE SCHOOL TRUST LIMfTED (LIMITED BY GUARANTEE) STATEMENT OF GOVERNORS, RESPONSIBILITIES Thé Govèrnors, who are also the Directors of Edge Grove School Trust Liwnited for the purpose of company law, are re5pon5ible for preparing the Governor5. Report and the accounts in accordance with appllcable law and United Klngdom Accounting Standards Iunited Klngdom Generally Accepte Accounting Prarticel. Company law requires the Governo to prepare accounts for each financial year which gwe a true and fair view of the state of affèirs of the charity and of the incoming resources and application of resource5. including the income and expenditure. of the charitable company for that year. In preparing these account5, the Goverrwrs are requirèd to= selett suitable accounting policies and then apply them con515tentlv,' observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and pruderbt.. and prepare the accounts on the goin8 concern basis unless it 15 inappropriate to presume that the charity will continue in operation. The Governors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any tiffle the financial position of the tharity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also re5pon5ible for safeguardlng the assets of the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other 14

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EDGE GROVE SCHOOL TRUST LIMITED We have auditèd the fin3ncial statements of EdEe Grove School Trust Limitèd Ithe 'charitablè company'l for the year ended 31 August 2025 which compromise the Statement of Financial Attivities. the Balance Sheet, the C8shflow Statement and riotes to the financial statements. Thè financial reporting fr2mework that has been applied in their preparation 15 app1[bLe73W and United Kingdom Accounting Standard5, including Financial Reporting Standard 102 The Flnancial Reporting Standard applicable in the UK (United Kingdom Generally Accepted AccountinE Pra¢ti¢el. In our opinion, the financial statements.. give a true and fair view of the stste of the charitable company's zffairs a5 at 31 August 2025 and of its incoming resources and applicatlon of resource5, inrluding its income and expenditure, for the year then ended,. have been properly prèpared ir> accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirement5 of the Companies Act2006. Basls of oplnion We conducted our audit in accordance with International Standard5 on Auditing IUKI IISA5 IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial Statements Section of our repgrt. We are indÈpendent of the charitable company in ac£ordance with the ethical requirements that are relevant to our audit of the flnancSal staternents ir¥ the UK. including the FRC'S Ethical Standard. and thé provisions available for small entities. and we have fulfilled our ethical re5pon5ibilities Tn accordance with these requirèments. We believe that the audit evidence we have obtained is SLrffTcient and appropriate to provide a basis for our opinion. Conclusions relazlng to going concem In auditin8 the financial statements, we have concluded that the governor'5 Use of the goinE concern basis Of acctsunting in thè preparation of the financbal statements is appropriate. Based on the work we have performed, we have not identified any material uncertaintiÈs relsting to events or conditions that, individua15y or collectively. May cast doubt on the charitable companf s ability to continue as a goins concern for a period of at least twelve months from when the financial stètements are authorized for issue. Our rÉsponsibilitie5 and the responsibilities of the governors with respect to goins concern are described in the rèlevant sertions of thts rèport. Other Information The other information comprise5 the information included in the annual report, including the governorfs report. other than the financial statement5 and our auditor's report thereon. Thè governors are responsiblÈ forthe other information. Ouropinion on the financial statements does not coverthe other information and, except to the extentotherwise explicitlystated in our report, we do not express anyform of assurance ¢onclusion thereon. 15

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EDGE GROVE SCHOOL TRUST LIMITED In connection with Dur audit of the financial statements, Dur responsibility is to read the other information and. in doing so. ¢r>nslder whether rhe other information is materlally inconslstent with the financial statements or our knowledge obtained in the audit or otheFWi5e appear5 to be materially misstatèd. If wè idèntify such material inconsistencie5 tsr 3pparent material mi55tatement5, we are quired to determine whether there is a material rnisstatement in the financial statements or a material misstatement of the other information. If. based on the work we have performed, we COF)clude that there is a material misstatement of this Dther information, we are requirèd to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit= the information given in the governors, report lincorporating the strategic report and the directors report) for the financial year for which the financlal statements are prepared is onsistent with the financial statements,. and the strategic report and the dlre¢ttsrs' report have been prepared in accord3n¢e with applicable legal requirements. Matters on which we are re4uired to report by e¥ception In the light of our knowledge and underst3nding of the charitable company and its environment obta5ned in the course of the audit, we hove not identified material mi55tatements in the strategic report and the director5, report. We have nothing to report in respèct of the following m3ttors in relation to which the Cornpanies Act 2006 require5 U5 to report to you if, in our opinion.. adequate accounting records have not been kept, or return5 adequate foi our audit have not bèèn recÈivÈd from branches notvisited by us- or the financial statements are not In agreement with the accountin8 record5 and returns.. or certain disclosures of directDfs' remuneration specified by law are not made,. or we have not received all the information and explanatlons we require., or the director5 were not entitled to prepare the financial statements in accordance with thÈ small CDmp3nies' regime and take adv8ntag& of the small companies, exemptions in preparing the governors, report and from the requirement to prepare a strategic report. Responsibilltlès of 8overnor5 As expl3ined more fully in thè govèrnors. responsibilities statement, the governors (who a also the directors of the chaTltable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and forsuch internal control as the governors determine is necessaryto enable the preparation of financial statements that are free from rraterial misstatement, whether due to fraud orerror. In preparing the financial statements, the governo are responsible for assessing the charitable comp6ny's ability to continue as a going concern, disclosin& as applicable, matters rèlated to going concern and using the going concern basls of accounting unless the governors either iniend to liquidate the charitable company orto cease operations. or have no realtIC alternative to do sts. 16

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EDGE GROVE SCHOOL TRUST LIMITED Auditor's respon&billties for the audit of thÈ financial statÈments Our objertves are to obtain reastsnable assurance about whetherthe financial statements a5 a whole are free from material misst3temenL whether due tts fraud or error, and to Issuè an audttor's report that include5 Qur opinion. Reasonable assurancè is a high level of assurance. but is not a guarantee that an audt conducted in ac¢ordano with ISAS IUKI will always detect a material misstatementwhen r( exisrs. Misstatements can arise from fraud or error and are considered material tF, individually or in the aggregate, they could reasonably be expected to Influence the economic decislons of users taken on the basis of these financial statements. Irre6ularities, induding fraud, are instsnces of non-compliance with laws and regulations. The extent to which our procedures are tapable of detettlng Irregularwties, including fraud. is detailed below. Extent to which the audit wa5 ion5idered capable oldetecting irregularities, intluding fraud The object5ves of our audtt, in respect to fTrud, a-. to identtfy and as5e55 the risks of material mi$5tatement of the financialstatements due to fravd,.to obtain sufficient appropriate audit èvidence regardlng the assessed risks of material mstaternent due to fraud, throuEh designing and implementing appropriate responses,. and to respond appropriately to fraud or suspected fraud idèntified durin8 the audit. However, the prim4ry re5pon5ibiltty for the prevention and detection of fraud rests with both those charged with governance of the entity and its management. Our approach was as follows: We identified areas of laws and regulations that could rèasonably be experted to have a material effect on the inanclal Statements frcm our general sector experien. ènd through discussion with thegovernors and other management las required by auditingstandardsl, and discussed with the governors and other management the policie5 3nd procedures regarding compliance wilh laws and regulations Isèe belowl- We identrfied the following areas as those most likely to have such an effett- health and safety- General Data Protection Regulation IGDPRI,. fraud,. bribery and corruption. school inspections. Kèèping ChildrÈn Safe in Education, DBS checks, and employment13w. Auditing stsndards lirnit the required audit procedures to identify n0n-compl13n with these laws and regulations to enquiry of the governors and other management and inspection of regulatory and legal correspondence. rf any. The identified actual or suspected non-compliance was not sufficiently significant to our audit to result in our response being identlfied as a key audit matter. We consldered the legal and regulatory frameworks directly applicable to the financial statements reporting framework IFRS 102. the Companiè5 Act 2Q06 and the Chartties Act 20111 and the relevant tax mplianCe regulations in the UK. We considered the nature of the charitable companvs operations, the control environment and financial performance. We communicated identified laws and règulations throughout our team and remained alert fo any indicatton5 of non-compliance throughout the audit. We consided the procedures and controls that the charitable company has established to address risks identified. or that otherwis* prevènt. dèter and detect fraud; and how senior rnaRagement monitOT5 those procedure5 and controls. 17

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EDGE GROVE SCHOOL TRUST LIMITED Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered lo be higher, we performed audtt procedures to ddress each identified fraud risk. These procedures included.. testing manual journa15,' reviÈwin8 the financial statemènt disclosures and tèsting to supporting documentation,. performing analytical procedures,. and enqulring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error. Owing to the inherent limltations of an audit. there is an unavoidable risk that we may not have detecEed some materI31 misstatements in the financial statements, even though we have properlv planned and performed our audtt in accordance with auditing standards. For example, the further rernoved non-complian¢e with laws and Tegulation5 lirregularitiesl is from the event5 and transa¢tion5 reflected in the financial statements, the less likely the inherently limited procedures required by audttlng standards would Identify it. The risk 15 also greater regarding irregularities o¢currin8 due to fraud rather than error, as fraud Involves intentional concealment, for6ery. collusion, omission or misrepresentation. We ale not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. Use of our report This report is made solely to the ch3Yltable company's members, ag 3 body, in accordancèwith Chapter 3 of Part 16 of the Companies Act 2006. Our audil work has been undertaken so that we might state to the charitable company's members those matters we are r@ouired to statè to them in an audStors' report and for the no other purpose. To the fullest extent permitted by law. we do not accept or assume respon5ibiliÉy to anyone other than the charilable company and the charitable company's members, as a body, for our audit work. or for the opinions we have fomied. Tc qro4f Mark Cummlns FCCA (Senior for and on behalf of TC Group Statuttsry Auditors Oftice: Steynlng, West Susse atutory Auditor) Dated.. £4 AkJfvdfy toz£ 18

EDGE GROVE SCHOOL TRUST LIMITED {LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted Designated Restricted Funds Funds Funds Total 2025 Total 2024 Notes INCOME FROM: Donation5. grants and leg3¢ie5 Other tracting aLYivities 23,979 23.979 12.138 175.251 175,251 124,464 Investments 56,113 7,221.591 97,979 S6,113 52,146 Charitable artivitie5 7,221,591 97,979 7,526,100 Other income io 34,558 Total in¢ome 7,5SO.934 23.979 7,574,913 7.749,406 EXPENDtTURE ON: li Raising funds 173,804 173,804 207.945 Charitable activities 7,404.271 9.157 7.413N28 7,423,285 Total expenditure 7.578.075 9.157 7.587.232 7.631.230 Net income/lexpenditure} Furtd balances at I Septernber 2024 24 Fund balances at 31 Augurt 2025 24 127.1411 7,358.289 7.331.148 14.822 112,3191 7.385.053 118.176 19.512 7,2S2 7.266,877 34,334 7.252 7.372.734 7.385,053 All Income and gain5 for the period are recognised above. All of the company's activities are classrfied as ¢ontinuin8. The statement of financial artivitses also complies with the requiréments for an Income and Expènditure Account underthe Companies Act 2006. There are no recognised gains r)r losse5 Other than those reported on the Statement of Financial Activities. 19

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) BALANCE SHEEr AS AT 31 AUGUST 2025 2025 2024 Flxed assets Notes Tangible assets Investments 14 9.329.414 9.891,197 150,738 15 9,329,414 10,041,935 Currertt assets stock 6,584 ZOO.284 916,001 1,122,S69 9,719 144,046 1,264,213 1,417,978 Debtor5 16 Cash at bank ind in hand Current Liabilities Creditors due within ofte year Net current assets 17 1586.1481 11,159,514) 536,721 9,866,135 258,464 10,300,399 Total assets less current liabilities Long term Ilabllities Creditors due after one year Net assets 18 12.493,4011 7.372,724 12,915,346) 7,385,053 Represented by: Restricted fvnds 24 7.252 7,252 Unrestricted funds: General funds 7.331,148 34,334 7.358,289 19.512 Designated funds 7.365.482 7,372,734 7,377,801 7,385,053 The accounts were approved by the Board on ........ Mrs W Ken Date Date M Barnettm L. Company Re£tratiOn No. 00947085 20

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) CASH FLOW STATEIVIENT FOR THE YEAR ENDED 31 AUGUST 2025 2024 Notes 2025 Cash flows from operattng activlties: Net incomÈlÈxpenditure for theyear Adjustments for: Depreciation charges Impairrnent charBe5 Dividends, interest and rents from investments Finance charges Profrt on disposal of subsidiary Loss on disposal of fixed assets Ilncreasel/decrea5e in 5tod(5 Ilncreaselldecrease in debtor5 Increaselldecreasel in credltors Net cash provided by operating activities (12.3191 118,176 14 346,406 21,794 156,113) 173,804 121,7941 352,453 3.135 {56.2381 18, 19 1791.2231 392,519 21,464 152.1461 207,945 15 28,109 69.178 349,118 17 {40.0951 1,134,363 Czsh flows from inve5trng actIve$. Dividends, interest and nts from investments Proceeds on sale of subsldiary Finance charges Purchase of tèngible fixed assets Net cash used in in¥e5ting activities 56,113 150.616 1173,804) 14 1136,9541 52,146 1207.9451 1166,2121 11040291 1322.0111 C*sh ftows from financlng activities- Capltal element of hire purchase and finance leases Repayments of borrowlng Net cash used In investingartivitie5 (963> 3,3971 1201.819) 1197,9961 1202.7821 1201,3931 Change in cash and cash equSvalent5 in the year Cash and cash equivalents at the begjnning of the year Cash and cash equivalents at the end of the year 1346.9061 610,959 1258.017 647,058 911.111 1,258,017 Analysi5 of 5h and cash equivalents Cash at bank and in hand Bank overdraft 916.001 14090) 911,111 1,264,213 16,1961 1,258.017 Total cash and cash equivalents 21

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Statutory Information The charity is a private company, limited by guarantee, registered sn England and Walès. The registered office, company number and charlty number are detailed in the Legal and Administrative Information. Accounting polities 2.1 Basis of preparation The financial statements havE been prepad under the Companies Act 2006. The CharStles Act 2011, in accordance with the Charities, Statement of Recommended Practice ISORP IFRS 10211 and Financial Reporting Standard 102. The charitable compary meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initialty recognised at cost or transaction value unless OthenNise stated in the relevant accounting policv. 'After revlewinE the charity's forecasts and projection5, the Governors have a reasonable expectation that the charity has 8dequate resources to continue In operational existence for the foreseeable futurÈ. The charity therefore contlnues to adopt the going concern basis in preparing it5 fin3nci31 5talements. The financial statements are prepared in sterling, which 15 thè functional currency of the school. Monetary amounts in the financial Statements are rounded to the nearest E. 2.2 Critical acttsunting èstimates and ludgements In thè application of the school's accounting polic(es, the governors are required to make judgement5, estimate5 and a55UTPPtions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimate5. The estimates and underlying assumplion5 are revlewed on an ongoing basis. Revisions to a¢coLtnting estimates are recognised in the period in which the estimate is revised. The govemors do not consider that there aye any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financlal statements. 22

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2025 2.3 Income Fees recenfable and charges for seNIS. less any allowances. scholarships and btsrsariès granted bv the school against those fee5 are awounted for in the period in which the Service is provided. Where fees are receNed fora future Servi period they are included in deferred income. including those fees reIved under an advance fee payment scheme. Investment income is accounted for on an accrua15 basis. Donatlons. legacles, grants and other voluntary income are accounte(I for as and when entitlement arise5, the amount can be reliably meaSUd and the economic benefit is considered probable. Where a donor or an appeal has imposed restrlctions, the incorne 15 credited to a restricted fltnd. Rental income in the subsidiary company is accounted for under the accruals basi5. 2.4 EXpendIre Expenditure is accounted for on an accwals basis with irrecoverable VAT induded with the item to which it relates. Govemance costs include those costs associated with meEling the constitutional and statutory requirements of the charlty and Snclude the audit fees and costs linked to the strategic management of the charty. All costs are allocated between expendlture calegories and departments on a basis desi8ned to reflètt the use of the resource. Costs relating to a partitular activity are allocated directly. LS Tangible rÈd assets and depreclation Tangible fixed assets other than freehold land are stated at cost less depreciation. Dep clatlon 15 provided at rates calculated to write off the cost les5 estimated residual value of each asset over its expected useful life as follows: Freehold land 15 not depreciated Freehold buildings Leasehold buildings Fixtures. fittings and equipmertt (including IT equipment at 25% straight line) Motor vehicles Leasehold improvements 2% Straight line 2Yo Straisht line IO% and 25% straight line 25% straight line 5% straight line Minor items of capltal expenditure are written off to the Statement of Financial Activitiès as incurred. 2.6 Invèstments Fixed asset investrnent in the char(ty's subsldlary Is Included at cost lèss provislon lor Impairment. The tharity purchased the subsidiary to obtsin rights to the lease of the nursery buildings. Accordingly the Investment has been written down overthe temi of the lease. The subsidiary was sold in July 2025. 23

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 2.7 Stock Stock is valued at the lower of cost or net reallsable value. 2.8 Leasing and hire purchase eommitments Creditors and provisions ats recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of fund5 to a third party and the amount due to settle the Dbligation can be measured or estimated reliablv. 2.9 Pensions From the I September 2020 the school joined the Aviva APTIS scheme for Teachers. This is a defined contribution pensian scherne. The school also contrlbutes to personal pension schemes for Its non- teaching staff. Obligation5 for contributions to defined contribution pellsion plan5 are recognised 85 expenditure i the statement of financial activitie5 In the periods during which seNlces are rendered by employees. 2.10 Debtors Trade and other debtor5 are recognised at the settlement amount due after any trade dTrscount. 2.11 Cash at bank and in hand Cash at bank and in hand includes cash and any short term highly liquid Investments. The governors seek to use short and mediLJm term deposlts wherp possible to maxirnise the reiurn on monies held at the bank and to manage cash flow. 2.12Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reSiably. 2.13 Fund accountlng General funds and unrestricted funds are available for use at thè discretion of the governor5 In furtherance of the gener31 tsbjectNes of the charity and have not been designated for other purposes. Desi8nated funds c¢mprlse unrestricted funds that have been set aside by the governors for particular purpose5. The aim and use of each designated fund is Sét out in the notes to the financial statements. Restricted fvnds are funds which are to be used in accordance with Specifie restriction5 imposed by donors ot whlch have been raised by the charity for particular purposes. The c05t of raising and administerin8 such funds are char82d against the specifjc funds. The alm and use of each restricted fund is sel Out in the notes to the financial statements. 3. Turnover The turnover of the school is wholly attributable lo the objetts of the SC01 as stated in the Governgrs, Report and is earned entirely wlthin the UK. 24

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED31 AUGUST2025 4. Net In¢omellExpendIrel This 15 Stated after ¢harging 2025 2024 Depreciation stock charged a5 an expense Operating lease payments Auditors. remuneration- audlt services 346,406 13.1351 107,749 14.7QKI 392,519 128,1091 83A19 14,000 5. Taxation The charitable company is registered as a charity end all ol its income falls within the exemptions under Part 11 of the Corporation Tax Act 2010. 6. Inttjme from dortations. grants and legacies Unrestrirted Deslgnated Restricted Total 2025 Total 2024 Donations 23.979 23.979 12.138 23,979 23,979 12,138 7. Income from othertrading attlvlties Unrestricted Designated Restritted Total 2025 Total 2024 Lettings Sncome Rental income 44,500 44.51)) 44.543 130.751 130,751 79.921 175,251 175,251 124,464 25

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIVDED 31 AUGUST2025 Income from Investors Unrestrfcted DesSgn*ed Réstricted Total 2025 Total 2024 Interest receivable 56,113 56.113 52,146 56,113 56.113 51,146 Income from charitable activities 2025 2024 Gros5 school fees 7,184.502 1269,6731 7,458,987 Less bursaries and allowance5 1280,5061 7,178,481 Net schoDI fees 6,914,829 Add: Registration fees Extras income 7.885 15.700 73.336 1.538 S6,056 Learning sUPPOrt income other ancillary income 18,715 257,148 224,003 7,221,591 7,526,100 10. Other income 2025 2024 Sundry income 97,979 34,558 26

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 IL Analysis of expendlture Staff costs Llepre¢lation & Oth4r Costs amortlsatlc*n Total 2025 Total 2024 Cost of raisin8 funds: Financing $ts Total cost of raising funds 173,804 173.804 207,945 207,945 173.804 173.804 Charitable expendrture." Education Teaching Welfare 3,752,864 189,054 2S2,784 602,764 110,139 429,785 586,346 930,773 322,652 4,292.788 775,4) 1,419,824 925,416 4,3,078 848,891 1,303,714 970.602 Premises 236,267 Support and governance Total charitable expenditure 4,797,466 346,406 2,269,556 7.413.428 7.423,285 Total expenditure 4,797,466 346,406 2,443,360 7,587,232 7,631,230 Analy515 of support and governance costs: 2025 2024 Governance costs= Auditors, remuneration for audit seNi¢es 16.700 16.700 14,400 14,4(K) Total governance costs Support costs.. Le8al and professional fees relating to support Support staff wages, natlonal insurance and pension Other support custs 67.295 602.764 238.657 925,416 38,759 611.770 305,673 970.602 27

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Staff costs The average monthly number of full tlme equivalent émployees dursn8 the year wa5= 2025 2024 Teaching Welfare 64 69 Premises Administration 12 85 95 The average monthly number tsf employees during the year was 11912024,. 1191. The aggregate payroll costs for the year were as follows: 2025 2024 Wagei and salaries Social security costs Pension costs 3,854,763 394,782 3,874.084 392.248 547,921 550,512 4.797,466 4,816.844 None of the governors received any remuneration or other benefr(s from the school or any tonnected body. Wages and salarles include £20,46912024.. £NIII redundancy cost5. Stèff earning in excess of £60,000 per annum in the following bands are.. 2025 Number 2024 Number £60,000- £69,999 £70.000- £79,999 £90,000- £99,999 E120.000- £129,999 £140.000- £149,999 28

EDGE GROVE SCHOOL TRUST LIMETED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 12. stsff costs Icontlnuedl Of the employees whose emoluments eKceed £60,000, 512024.. 51 have retirèment benefrts attruin8 under defined contribution schèmes. Contributions payable by the charty to those schemes for higher paid employees were.. 2025 2024 Defjned ¢onrributKin scheme5 89.282 71,979 89,282 71,979 The key management personnel of the school are detailed in the Governors, Report and Legal and Administrative InformatTon. In 2025 there are g such employees12024: 10 employees). 2025 2024 Aggregate ernployee benefrts ol key management personnèl lfrncluding employer penslon and Nl contrlbutlonsl 690.156 900,831 13. Comparative statement of financial activities- 31 August 2024 Unrèstrictèd funds Designated funds Restrirted funds Total 2024 Income from: Donations and legacies Other trading activities Investrnents Charitable actNitles Other income Total income 7,262 4,876 12,138 124,464 52.146 7526.11 34558 7.749.406 124,464 52,146 7.526.100 34.558 7,737,268 7.262 4,876 Expenifrture on: Raistng funds Charitable activities Total expenditu Net m¢wement in fvnds Fund balBncE brought forward Fund balan¢es carried foNard 207,945 7.416,202 7.624,147 113,121 7,245,168 7,358,289 207,945 7.423.285 7,63L230 118,176 7.266,877 7,385,053 7,083 7.083 179 19.333 19,512 4,876 2376 7.252 29

EDGE GROVE SCHOOL TRUST LIMrrED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Tangible fixed asset5 Freehold property Short Leasehold Property Fixturès, FlttlnBs & Equlpment Motor Vehicles Total Cost At l September 2024 Additions 925,329 11,256,272 55,623 1402.2641 10,909,631 1.639,482 81,331 147,9991 1.672,814 97,987 13,919,070 136,954 1450,2631 13,605,761 Disposals At 31 August 2025 Deprè¢i3tÉon At I September 2024 Charge forthe year Eliminated on disposal At 31 August 2025 Net book value 925,329 97,987 119,943 14.237 2,576.421 222,030 164,3431 2,734.108 1.237,638 108,W2 133,5891 1,312,051 93,871 2,137 4,027.873 346,406 197.9321 4,276,347 134.180 96,008 At 31 August 2025 At 31 Au8U5t 2024 791,149 805.386 8,175,523 8.679,851 36Q,763 1,979 4,116 9,329,414 9,891,197 401.844 sets on finance leases and hire purchase (included above) Flxtures, Fittings & Equipment Cost Cost At 15eptember 2024 and 31 August 2025 47,077 Depreclatlon At I September 2024 Charge for the year At 31 August 2025 Net book value 43.612 1,485 45.097 At 31 August 2025 At 31 August 2024 1.980 3.465 30

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf2025 15. Investments In subsidiaries 2025 Cost At I September 2024 Disposals At 31 August 2025 317,822 1317,8221 Impairniertt At I September 2024 ImpairmeTht tn year Eliminated on disposal At 31 August 2025 167.084 21.794 1188,8781 Net book value At 31 Au8U5t 2025 At 31 August 2024 150,738 The 100% investment in Edge Grove Nursery School Limited (company number 03830269, regTrstered ift England and Wales) was sold in July 2025 Ipurehased 19 December 20161. 16. Debtors 2025 2024 Fee debtors Prepayments and accrued income Other debtors 22.774 127.482 50,028 200.284 12.156 113.315 18,575 144,046 31

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Creditor5: due within ¢nè year 2025 2024 Bank loans and ovÈrdrafts FITran leases and hire purchase Trade creditors 184,322 1,221 10,788 205,810 1,221 84,839 É 11 Accruals Fees in Advance Advance fee payment scheme Deposits Other creditors Othertaxe5 and social securitv 64.550 124,540 56,461 22,000 25,325 96,941 586,148 57,374 205,060 426,023 22.000 61,085 96,102 1.159,514 18. Creditors.. due after one year 2025 2024 Bank loans Finance leases and hire purchase Advance fee paymevt scheme Deposits 2.069,164 971 143,266 280,000 2,493.401 2,250,801 1,934 289.611 373,000 2.915,346 19, Advance fee payment Scheme At I September 2024 New contracts 715,$34 130.931 1646,8381 199,727 Amounts used to pay forfees At 31 August 2025 Parents may enter into a contract to paythe school in advance fr•r contributions towards tuition fees. The money may be returned subject to specific conditions on the receipt of notice. Assuming that the pupils remain at the school fees will be applied a5 follows.. Within one year Within l- S years 56,461 143.266 199.727 32

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 20. Analysis of secured debts 2025 2D24 Bank loans are Whol repayable in instalments as follows= Less than one year In more than one year but less than fwe years 179,432 2.069,164 2.248.596 199.614 2.250,801 2,450,415 The bank overdraft folility and loans are 5ecLKred by a first land chaf8e oveT 3 Horwood Cottages, 9 & 11 High Cross and l & 2 Roundbush Cottage5 along with a debenture in favoyr of Bardays Bank plc. In October 2023 two bank loan5 wère consolidated into one with a margin of 2.5%. This loan has a fwe year term and its repayments are calculated based on a twenty year repayment period. There is also a CBIL loan which ha5 0 floating interest rate with a margin of 2%. This CBIL loan Is repayable in 2026. 1 loans are belng repaid in monthly instalrnents. Net obligations payable under hlre purchase and leasè contrarts-. 2025 2024 Within one year Between one and flve yèars 1,221 971 1,221 1,934 3,155 2.192 21. Commitments under operating leases At 31 August 2025 the school had total commltments under non-cancellable operatTng leases payablè as follows-. Land & Buildings 2025 2024 Other 2025 2024 Within one year Between one and five years Over five years 103.950 405.900 668.850 1.178,7QO I.00 4CK),C 750,000 1,250.OOD 17.842 17,842 33

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 22. Share capital and control The charity is limited by guarantee and does not have any share capital. In the event of a windin8 up each member guarantees to contribute an amount of no more than £1. 23. Rel4ted parties During the current year one Govemor was reimbursed expenses totalling £727 12D24- £1,084 by three Governors). No rernuneration was provided to any Governor5 during the year. Members of the close family of the key management personnel reIVed remuneration of £3,91512024- £Nill. Two members of key management personnel are parents of pupils attendin8 ihe school during the year for whom fees were payable to the school. Fees payable and any dlscoun15 were charged and awarded on the same basis as for other parents and staff. 24. Summary offund movements Atl September 2024 Income Expenses At31 August 2025 Unrèstrictèd funds Designated Funds General reserves 19,512 7,358,289 7,377.801 23.979 7,550,934 7.574,913 19.1571 17,578,075> 17,587,232) 34,334 7,331,148 7.365.482 Restricted Fund5 Bursary & Hardship funds 7,252 7.252 7.252 7.252 Total funds 7.385.053 7.574,913 17.587,2321 7,372,734 Designated funds: Thegovernors have deslgnatedfunds raised bythe Friends of Edge Grove and from otherfund-raising activities toward future Capital and maintenanEe pruject5. Restrlcted funds: The bursary fund represents donation5 from leaver5 toward5 future bursary provisions. 34

EDGE GROVE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf2025 25. Analy515 of net a$5ets between lunds Unrestrirted funds Designated funds Restricted funds Total 202S 31 August 2025 Ftxed assets Current assets Creditors= less than one yeaf Creditors: over one year 9,329,414 1,081.283 1587,1191 12,492,430) 7.331.148 9.329,414 1.122.869 1587,1191 (2A92,4301 7,372,734 34,334 7,252 34,334 7.252 Unrestricted funds Des78nated funds RestrScted funds Totsl 2024 31 August 2024 Fixed assets Current assels Creditors: less than one year Creditors.. over one year 10,041,935 1,391,214 11,159,514) 12,915,346) 7,358.289 10.041,935 1,417.978 {1.159.5141 {2.915.3461 7.385.053 19,512 7,252 19,512 7.252 26. Capital ctsmmitments There were no capital commltments at the year*nd12024: £nill- 35

Audit Findings Report Edge Grove School Trust Limited Year Ended 31 August 2025 Presented to the Governors and Management Team

1. Introduction and Coverage	1
2. Independence	2
3. The Audit Process	3
4. Qualitative Aspects of Accounting Practices and Financial Reporting	5
5. Audit and Accounting Issues Identified During the Audit	6
6. Audit Misstatements	7
Appendix i Letter of Representation	8
Appendix ii Financial Performance Report	12
Appendix iii–Emerging issues	15
1. FRS102 Periodic Review/Revisions to the SORP
2. Post VAT–the challenges facing independent schools
3. Companies House Identity Checks

Your contacts in connection with this report are:

Mark Cummins – Charities & Education Partner markcummins@TC-Group.com

Adam Webb – Senior Audit Assistant adamwebb@TC-Group.com

Introduction and Covera e g

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 2025.

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 an 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 school 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 obtained.

Audit Findings Report | Edge Grove School Trust Limited 1

Inde endence p

Auditing Standards require us to communicate at least once a year regarding all relationships between TC Group and the school 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 school 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 school;
Any benefits have been received by the audit team which are not modest;
The firm has any mutual business interest with the school;
Any members of the audit team have any personal or family; connections with the school 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.
Familiarity threat from the Audit Responsible Individual having acted on the audit for more than 10 years.	Cyclical EQR performed in line with TC Group policy.

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 school show a true and fair view of the state of the school’s affairs at 31 August 2025.

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 school’s business and determined by our assessment of the audit risk. In particular this included:

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

We would like to take this opportunity to thank Danielle Taylor, Emma Kruis and 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 2025 for the school, 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 school. 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 I) 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

Qualitative Aspects of Accounting Practices and Financial Re ortin p g

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 school’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 school and conclude that they have been calculated on a basis that is consistent with our knowledge of the school and the sector as a whole.

GOING CONCERN

We have considered the school’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. Whilst a deficit is budgeted for 2025/26, the school has sufficient working capital to finance the budgeted deficit.

Audit Findings Report | Edge Grove School Trust Limited 5

Audit and Accounting Issues Identified Durin the Audit g

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

1.1 UPDATE ON PRIOR YEAR FINDINGS

Nothing to report.

1.2 CURRENT YEAR FINDINGS

1. Companies House & Charity Commission Updates

Issue Our work highlighted that Companies House and Charity Commission records were not updated to include all director / governor appointments and resignations.

Recommendation We recommend that Companies House and the Charity Commission is updated for all appointments and resignations as soon as possible. Future appointments and resignations should be updated within 14 days (a Companies House requirement). Response

These matters are limited to those which we have concluded are of sufficient importance to merit being reported to you.
As the purpose of the audit is for us to express an opinion on the school’s financial statements, you will appreciate that our audit cannot necessarily be expected to disclose all matters that may be of interest to you and, as a result, the matters reported may not be the only ones which exist.
As part of our work, we considered internal control relevant to the preparation of the financial statements, such that we were able to design appropriate audit procedures.
This work was not for the purpose of expressing an opinion on the effectiveness of internal control.

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 £7,550. We advised management of all misstatements and agreed with them whether or not adjustments to the accounts should be made.

	*Increase or*	*Increase or*
	*(decrease) to*	*(decrease) to*
	*surplus*	*Net Assets*
Adjusted Audit Misstatements	£	£
Reclassification of PAYE liability from trade creditors	-	-
(£96,941)
Reclassification of prepayment balances from trade	-	-
creditors (£23,811)
Gross up restricted and designated income	23,979	23,979
Gross up restricted and designated expenditure	(9,157)	(9,157)
To accrue for fees in lieu debtors	10,650	10,650
Total adjusted misstatements	25,472	25,472

There were no unadjusted misstatements.

We approve the accounting treatment of the above adjusted misstatements.

Governor Date

On behalf of behalf of the Board

Audit Findings Report | Edge Grove School Trust Limited 7

A endix i Letter of Re resentation pp p

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 2025, 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 school 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 school 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

A endix i Letter of Re resentation pp p

The school has satisfactory title to all assets and there are no liens or encumbrances on the school’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 school 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 noncompliance with those laws and regulations which provide a legal framework within which the school conducts its activities and which are central to the school’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 school has not contracted for any capital expenditure other than as disclosed in the financial statements.
We believe that the school'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 school's needs. We also confirm our plans for future action(s) required to enable the school 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 further disclosures relating to the school's ability to continue as a going concern need to be made in the financial statements.

Audit Findings Report | Edge Grove School Trust Limited 9

A endix i Letter of Re resentation pp p

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 None A J Godfrey Governor None C E Lilley Governor None A J Robson (resigned 04/09/2024) Governor None J L Stevens Governor None Z M Khawaja Governor None D A E Williams (resigned 03/12/2024) Governor None D G Emkes Governor None S Maughan Governor None W Kent Governor None A Aziz (resigned 05/12/2024) Governor None M Barnett Governor None G Burger Governor None N Marchant Governor None S Perry 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 school 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

A endix i Letter of Re resentation pp p

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

A endix ii Financial Performance Re ort pp p

Year Ended 31 August 2025

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
			Pupil Numbers

	Results are outside normal expectations, but see above	395	429	438	497
	Satisfactory	2025	2024	2023	2022
		£	£	£	£
SCHOOL FEES	Gross Fees	7,184,502	7,458,987	6,997,262	7,740,984
	Bursaries, Scholarships and Discounts	(269,673)	(280,506)	(356,271)	(477,825)
	Net Fees	6,914,829	7,178,481	6,640,991	7,263,159
	Extras	306,762	347,619	303,005	375,743
	% Increase/(decrease) in Total Net Fees	(4%)	8%	(9%)	3%
	Bursaries, Scholarships and Discounts as a%ofGross Fee	4%	4%	5%	6%
	Average Net Fee Per Pupil IncludingExtras	18,283	17,543	15,854	15,370

SCHOOL COSTS	Total Costs	7,587,232	7,631,308	7,501,544	7,409,062
	Total teaching staff costs	3,752,864	3,766,097	4,082,556	3,927,367
	Teaching Numbers	64	69	77	78
	Average Cost of Employment per Teacher	58,639	54,581	53,020	50,351
	% Increase/(decrease) in Total Teaching StaffCosts	(1%)	(8%)	4%	8%
	Total Other Costs (All Costs Excluding Teaching StaffCosts)	3,834,368	3,865,211	3,418,988	3,481,695
	% Increase/(decrease) in OtherCosts	(1%)	13%	(2%)	8%
	Total Teaching Staff Costs as a%of Net Fees	54%	53%	62%	54%
	Average Cost Per Pupil	19,208	17,789	17,127	14,908

Audit Findings Report | Edge Grove School Trust Limited 12

A endix ii Financial Performance Re ort pp p

Net Surplus / (deficit) for the year	(12,319)	118,176	(352,074)	427,632
Net Surplus Before Depreciation	334,087	510,695	75,174	880,154
Net Surplus Before Depreciation as a % of Net Fees	5%	7%	1%	12%
Surplus/(deficit) Per Pupil Based on Average Net Fee Less Average Total Cost Per Pupil	(925)	(246)	(1,273)	462

Audit Findings Report | Edge Grove School Trust Limited 13

A endix ii Financial Performance Re ort pp p

SCHOOL FEES KEY POINTS

This year there was a 9% reduction in pupils from 429 to 395, however despite this, net fees only decreased by 4%, attributable to fee increases and a reduction in bursaries, scholarships, and discounts awarded. The fee increase was also offset by introduced
➢ VAT in January 2025, where some of the impact was absorbed by the School in the Spring and Summer terms.
➢[Average net fee per pupil has increased by £740 (4%). ]

SCHOOL COSTS KEY POINTS

➢[Total costs have decreased by £44,076 (0.6%). This compares to an increase in 2024 ] (1.7%).
Other costs have decreased by £30,843 (0.8%). However, with the £352,782 loss on
➢ the disposal of the nursery building fixed assets removed from this, the true cost saving is much greater at £383,625 (9.9%). This compares to an increase in 2024 (11.6%). The main contributing factors for the decrease are seen in premises costs for maintenance and electricity. Other costs areas have been managed well, especially in light of inflation, with cost cutting seen to have been implemented and also VAT now being claimed back where applicable.
Teaching staff costs as a % of net fees has increased slightly to 54%, which is primarily
➢ impacted by the reduction in pupil numbers being in a greater proportion than the reduction in teaching staff costs. The % is below (positively) our recommended % (maximum) for prep schools which is around 55%.

The average cost per pupil increased by 7% in 2025 (2024: 4% increase) which needs ➢ to be reviewed and considered by recognising a significant amount of costs are relatively fixed or marginal per pupil and include the loss of the nursery building fixed asset disposals, as well as the impact of VAT.

SCHOOL SURPLUS KEY POINTS

The school reports an overall net deficit for the year of £12,319. This is a decrease of £130,417 as 2024 produced a surplus. The main contributor is the decrease in fee ➢ income (4%), and £352,782 loss on disposal of the nursery building fixed assets which reduced the overall costs savings to only 0.6%.

Net surplus before depreciation was at £334,087 in 2025, which resulted in a 4.8% return, compared to 7.1% in 2024. We recommend that the school should aim for a ➢ minimum return of 13%-15% due to bank loans to ensure the financial model of the school remains strong.

➢ The school recorded a deficit per pupil of £925 for the year to August 2025 which is an decline on 2024 which recorded a deficit per pupil of £246.

Audit Findings Report | Edge Grove School Trust Limited 14

EMERGING ISSUES

1. FRS 102 PERIODIC REVIEW | REVISIONS TO THE SORP

The Financial Reporting Council (FRC) has issued Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The amendments will affect all UK GAAP reporters and are effective for accounting periods commending on or after 1 January 2026. Whenever UK GAAP is amended The Charities Statement of Recommended Practice (SORP) is also redrafted to align with these changes. The SORP is also amended for any recent feedback received. These changes are expected to be published in October 2025 and be effective from January 2026. Early adoption is permitted providing that all amendments are adopted at the same time. The principal changes that relate to your school are listed below along with their potential impact.

The first year the changes will apply to you is year ending 31 August 2027.

	EMERGING ISSUE	WHAT IS CHANGING?	IMPLICATIONS FOR EDGE GROVE SCHOOL
	Lease accounting	Lessees will now generally be required to recognise most leases on the balance sheet. This removes the previous distinction between operating and finance leases. Exemptions may be given for short-term (less than 12 months) or low value leases.	Edge Grove School’s current operating leases will be required to be recorded as a right-of-use asset and a lease liability at the present value of future lease payments. Rental expenses under operating leases will be replaced by the deprecation of the right-of-use asset and an interest expense over the lease term. In year of transition no restated of the prior year is required.
	Revenue from contracts with customers	The way in which revenue from contracts with customer is recognised is changing from the existing risk and rewards based model to a new five step model aligned with IFRS 15. The five steps are: (i) Identify the contracts with the customer: (ii) Identify the performance obligations; (iii) Determine the transaction price; (iv) Allocate the transaction price to performance obligations; and (v) Recognise revenue when performance obligations are satisfied.	The changes to revenue recognition will have limited impact due to the nature of income at Edge Grove School

EMERGING ISSUE	WHAT IS CHANGING?	IMPLICATIONS FOR EDGE GROVE SCHOOL
Three tier reporting framework based on income levels	The new three tier system is designed to align more closely with the Companies Acts reporting standards for small, medium and large companies. Tier 1 – Charities with gross income of up to £500,000 who apply accrual accounting. Tier 2 – Charities with income between £500,000 and £15m. Tier 3 – Charities with incomes above £15m	The majority of these changes will impact the Trustees Annual Report. As Edge Grove School have income between £500,000 and £15m, tier 2 rules will apply. Charities in tiers 2 and 3 must now explain the impact they are making and the long-term effect of their activities. Charities in tier 3 must now include sustainability reporting and provide a summary of how they are managing and responding to environmental, governance and social matters. This is also encouraged for charities in tier 1 and 2. Disclosure around the Charites reserves is also expected to be tightened with disclosure where a difference between reserve policy and level of reserves requiring increased disclosure.
Cash flow statement	Charities who are deemed small based on section 7 of FRS 102 are now exempt from publishing a cash flow statement.	As Edge Grove School has a balance sheet total greater than £7.5m and average employees greater than 50, the school does not qualify as a small entity. Therefore, a cash flow statement will continue to be a requirement.

2. POST VAT – THE CHALLENGES FACING INDEPENDENT SCHOOLS

VAT could be the final nail in the coffin for some schools Focus on understanding what the 'new normal' is Focus on customer quality - the right parents (who can afford the fees) Pupil registrations •Where they come from

Focus on understanding what the 'new normal' is
•Where they come from
•Why they choose other schools
•Tracking is key
•Finger on the pulse re competitors
Everyone in the school to play their part in the marketing
Years 7 and 8 in Prep schools are vulnerable

Schools need to give confidence to parents that their child will flourish

There is huge competition - schools have to be more bespoke and clear in their specific message Mergers is a hot topic

Costs still increasing Cost management is crucial Increases in National Insurance and business rates a double wammy for schools Managing costs % increase in line with fee increase

Is it time for a comprehensive cost review?

Is the school receiving value for money?

Is zero based budgeting the way forward?

Affordability is different from value for money. Schools offer value but no longer affordable for some

WAKE UP - Value for money is a new priority

Think about parents and what they think they are paying for. Reassuringly expensive is a forceful offering, but to gain parents trust schools need to offer an individual and bespoke service

Is it time to reconsider school fees?

•The need to control fee rises
•The need to win back firsttime buyers
•The need to maintain excellence and quality
•The need to constantly communicate the value and values of the education provided

Rigorous focus on teaching performance - must invest to keep up

Could schools do more to engage teachers more with parents (they are the customers)?

Things have changed for teachers

•Need to communicate with parents speedily and clearly
•How do schools ensure their staff offer value for money?
•Are schools staffing with value in mind?

WHAT IS A SCHOOL'S TOP PRIORITY?

•What is the ‘new normal’
•Value for money
•Exceptional professionalism
•Outstanding customer service
•Affordability
•Reassurance
•Distinctive quality

3. COMPANIES HOUSE IDENTITY CHECKS START AUTUMN 2025

Companies House are due to introduce a new identity verification process from November 2025 to help deter those wishing to use companies for illegal purposes. The new identification process will be mandatory for all companies' directors and People with Significant Control (PSCs) on both incorporation and appointment.

WHO DO THE CHANGES AFFECT?

The changes will affect both new and existing limited companies and other legal entities including LLPs, limited partnerships, and directors of overseas companies registered with Companies House.

WHEN DO THE CHANGES TAKE EFFECT?

On the 5 August 2025, Companies House confirmed that directors and PSCs of companies will be required to verify their identities from Tuesday 18 November 2025.

WHO NEEDS TO VERIFY THEIR IDENTITY?

Anyone setting up, running, owning or controlling a company in the UK will need to verify their identity to prove they are who they claim to be.

New companies: All directors and People with Significant Control (PSCs) will need to complete identity verification.
Existing companies: All directors (or equivalent) and PSCs will have a transition period to verify their identity with Companies House.

Anyone acting on behalf of a company will also need to verify their identity before they can file information on behalf of the company at Companies House.

WHAT DO I NEED TO DO?

New companies: A verification statement must be provided at incorporation confirming the identities of all directors have been verified. You won’t be able incorporate a company without all directors being verified.
Existing companies: Directors must, at the same time as delivering the annual Confirmation Statement to Companies House, provide a verification statement.
Existing PSCs: Existing PSCs will need to verify their identity in line with an appointed day within 12 months of 18 November 2025.

3. COMPANIES HOUSE IDENTITY CHECKS START AUTUMN 2025

WHO CAN VERIFY ME AND HOW?

There will be two ways to verify your identity.

Once verified, users will have one account where they can access all Companies House services, across all companies for which they’re authorised to act for. This means, where an individual has more than one role, or is registered with multiple companies, they don’t have to complete the verification process multiple times.

Verifying your identity directly with Companies House:

Companies House will introduce a service to verify your identity using standard ID documents, such as a passport. There’ll be a range of support and services available to help you complete this process, including a verification system which links a photo of your face with the photo on your ID document.

Verifying your identity through an authorised agent:

Companies House authorised agents, also known as Authorised Corporate Service Providers (ACSPs), are individuals or organisations that undertake anti-money laundering supervised activity, such as company formation agents, solicitors and accountants.

WHAT HAPPENS IF VERIFICATION IS NOT COMPLETED?

Verification will be mandatory. Failure to verify would constitute an offence, punishable by a financial penalty or fine.

Without verification, you’ll also be unable to:

Make any filings
Start a new company or entity
Register as an ACSP (also known as a Companies House authorised agent)

Contents

PURPOSE OF THIS REPORT

LIMITATIONS

RESPONSIBILITIES

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

ACCOUNTING POLICIES

RELATED PARTY TRANSACTIONS

ACCOUNTING ESTIMATES

GOING CONCERN

1.1 UPDATE ON PRIOR YEAR FINDINGS

1.2 CURRENT YEAR FINDINGS

1. Companies House & Charity Commission Updates

6. Audit Misstatements

Dear Sirs

Year Ended 31 August 2025

SCHOOL FEES KEY POINTS

SCHOOL COSTS KEY POINTS

SCHOOL SURPLUS KEY POINTS

EMERGING ISSUES

1. FRS 102 PERIODIC REVIEW | REVISIONS TO THE SORP

The first year the changes will apply to you is year ending 31 August 2027.

2. POST VAT – THE CHALLENGES FACING INDEPENDENT SCHOOLS

WHAT IS A SCHOOL'S TOP PRIORITY?

3. COMPANIES HOUSE IDENTITY CHECKS START AUTUMN 2025

WHO DO THE CHANGES AFFECT?

WHEN DO THE CHANGES TAKE EFFECT?

WHO NEEDS TO VERIFY THEIR IDENTITY?

WHAT DO I NEED TO DO?

3. COMPANIES HOUSE IDENTITY CHECKS START AUTUMN 2025

WHO CAN VERIFY ME AND HOW?

Verifying your identity directly with Companies House:

Verifying your identity through an authorised agent:

WHAT HAPPENS IF VERIFICATION IS NOT COMPLETED?

Without verification, you’ll also be unable to: