Docusun Enveknpe ID.. E6F34EFw29C424¥WP￿J707ES2C2AY QUEENSWOOD SCHOOL LIMITED Company Registration No. 410561 Chariry Registration No. 3111)60 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 Wlll AEW7tt 78h)2r2026 OMPANIE5 HOUSE A13 #128 DocuswJn Envelope10 E6F34EF>F29C42￿￿￿￿j707E52C?A3 Ajknuat Rqport and Fituncjai Staiemert FOL the y¢4r ended 31st Aug￿¢ 2025 Page Rcport Of th¢ GtsvernD 1.14 Audit Report 15-18 ConM)ILthted Starement of Financial ActiviiiES 19 Cotkwiid¥ttd Balance Sheer Bajanct Shttt 21 Con50b"d4rtd Ca%hflow 22 Notes to the Fit)artciaJ Stsliemetxts Docusgn envelrpe ID. E6F34EF>FX42gwF￿3707Es?c2A3 QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2025 GOVERNORS AND CHARITY TRUSTEES QueeJLswo¢￿ Govemof% aLt tht Challty TnL%ttts of Q]e￿￿￿{m)d School L4mi¢ed fthe Ch￿11￿7 #nd Mt H J de Sausrnare2 BA Fc￿ (Chairl Mt T C G2tnham BSC (Wice Chair) Mts K O Bebhaw INoJnu)2ted by the Okl ¢￿e¢(L4W￿J￿nS A55Oti*ion} Mr5 A Brmgan% OBE. BA. Msc IAppoJrtred 23 20251 The Revd DL D M Chapman Bsc. NLI. MPHIL. PHD Mr R S Garw(x>d BA IHONSI, Dip MRS Mt5 A Jarrold FCC.A. CTA (AP￿Inted 14 June 20251 Dr O McGwnness BSC. MB BS. FRCP. DCH. DRCC C Norman BSC. CIN(A Mr J Pheian BA IHONSI. (ED). PGCE Mf M Simpson {Appomted 12 Septernbei 20241 Mr A Sjadt (Appointed 23 January l)25) Lord N B.4. CA Mts P M WnT)clx (R¢swed 14 June 2025) Elected rnembers I￿ appo￿le(l by the Board ort rtc0mrntt￿ti0ft of the Chair and VLce Chwr and they are %upplemefttcd bv Governor% norn￿1¢d by the Boatd of Manasttnetti foi Mtthimbst Independent School% TnLS4 the ML eth(wJiht Chwch, the (SxetLswo(O P￿t￿￿ AkwtJatLon tparent I￿y) and the Old Qutertswoothan5 A%sociaiion Ifortmer pupthl Other th3n the norrnnarcd Goyctnoffi who hold office for a$ lo￿ thty noftynated. %ernce on the BoArd L4 for an JnLDal Pen￿ of three Y¢ats.. Ar the trtd of art elected Govemor'5 fiThr r¢Thi of offjct. ht Or %ht %hall be eJy"bl£ for re22. James spenr hi$ career Ln the irtvesrmtni ￿Ortage￿￿nt Lndustry and L% a Governancy professtOn21. Ht JS 2 foLffler Mern￿¢ of the Sr Paul Cathedtsl CouDcii, whtte ht sDll sits as an Jndependerjt member on Ix>th the Sc Pad'% Cxthtdrnl Finance Committee gTLd the Inve%rn*nr Advisory Committee. He L$ a150 2 rr*mber ocd* LoTrJon Di(*e*e Nott- Pro￿￿ InvtSDneniGuidance Gcoup. A for￿*[cOmmOn Cothiciknon the Ciry ofLA>ndon Corpo￿￿ort. James is a P2sI Mgster of both the Wor5hJpful Companv. of Ch2rtertd SccretaLie% and AdrNnLStrHtor% 2nd the Wotship￿1 Company of jOme￿ and Ceiiers. L4 i fO￿ncl GoFcrnOI of Bishop Stopfod's Sch￿l. Enfield. H¥ 1% aTnK4rt¢ of l)oth the Sr OJ2ve's and stsa￿OLrf￿ klM)01s FoutMJ*tsort {￿ educau(maJ chatiryl artd the Is]Lngton Uwted Chantse%. HL% d*u8hr¢t is an Old QuterL%WO(yJian 3nd he wa5 a Chapel Trustee fIom 2007 10 2023. Elected a Governor Of Qveen5WO(M4 Ln 201 l. ht cha￿ed the Fmance Comrnjttee from 2012_2019 and was elected CFAr of Governors Jn 2019. TIM C GARNHAM Bst With ovec 30 yeus, expenrnr¢ Ln the propcrty. itidustiv. Tim is Devel￿MEnt D￿e(tor of Ttu%t Real &8tate L]rni￿d. tc%ponsible for the company'% development pr0grth￿. H¥w btert ￿[￿ rhe company for 17 yeyxs. TLM %tepped down a% iomt Chief Executtve of Minerya LitTuted specJa]L%td m London off￿¢8. mixed use and ￿gh end residents￿. He folrt￿dY Depury LU￿￿gIng Dllector of the Trdfw House Property Gtoup where he Twa5 ￿5p()nSIble for rh¢ UK devekymeni pw. Jnduding g numbec Df major I￿)d0th developments. In 2021. he tofflpkttd the rtwimum retm of office utMJer Public Appointments #s rhe Sttiioi IndepertdeThr Nort.Executive D￿cC￿)r aTrJ Chair of the RttnunernDort gj Nominatton c0rnrnJtte￿ of London #nd Corttsrterttal RaQwavs. He Js a Trustee of The G￿[￿rd Fami]). Foundation. 2 Lavery￿rIn of The WotsknpEv] Companv of Fat£￿$ and a Member of Polo Club. M¥¥Ded thtte chjidren. two of whoTn are OtdQueenswoodJ#tt%. Ekc¢¢d a GgvcmOL of (￿tens&V0(￿f In June 2012. VLC¥ Chwr olGovernot5 and CILaJr of the Fa¢iliiiES Ctifnmirrec. DocusHJn En¥dopt ID. E6F34EFW2gf42wW*￿3707ES2C2A3 QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ertded 31 Augus¢ 2025 KATE BELSHAW LLB (Hons). PGDip. LLM, AKC Kare was a pupil at QuttTkatding ￿ the Sixth Fom). Afrtr htr A t£veLs, K*it re2d IAW at the UnTrYtsity of Exetec and ctsmpleted the Bat VocaDonal Course atjdaft tLMirtPtoft%s￿M￿I t£8#] Practi¢eatthe Cjry EAW Sch(M)], 9uabfv.ng as a 32rriqtrr. Aiong%idt her studie5, Kate bec#tn¢ itwolv¢d Jtt thc Old Quee￿*w(￿XiI￿rt%' hssocLqtyon. Lmttally an Elected Mcmber. before becomittg fitsr Hortotsry 5ecretsry and ¥ Trustee of the Old Queen%wo(Aian5' Assoctstion'4 Bur42ry and Scho]¥x51up TnLsr. #nd mo.E¢ recendv. Governor Rq>(esttitstyve fot ihe A$socLgtion. Kate wOtk& in HLgher Education 9dmLnLStrnDon. rcgulatson 9nd governanct. knd Js CutLendy Htad of Educat￿￿ artd SNdcnt Experjence at UnJver51ry Cojjege London Kate 1% 2 5UPPOrttr of Target Ovatiart Cancer artd a Govern￿ at Lo£d5￿P Lane khooL where she abo ScThts as Cluts of the Finance & ResOiltct4 MRS AMANDA BIUNGANS OBQ BA Msc Amandg has enioyed • long and successful career Ln the voluntary sc¢w. stry as Executive Director of income genet2ts)n st sorne of the UK'S (r￿>St well.loved chatiti¢4 ￿ClUding M¥maUan. Voluntary SeLViCts Ovtr%ea%, BatteThea The Bntish Heart Foundatyon. bas x divetyt portfobo caretr ¥￿. amongst othtt activities. serve% &% 2 Ttustee ai the RSPCA whtrt sht *irs OA thtit fittattct commirrtt and tsadu¥ subsidttry boatd. She Lq also an Execuuve C02ch. quppotritig esttbii*hed *rtd i%p￿Ing leadtt% to work with sk￿. conf￿enCe commirmenr. Amanda M*%￿￿% ￿ coachths p￿ChoIc8y. #nd w awatded tht OBE for sernces to ckniry m 2022. $1)e bve8 ￿ Tw￿ke￿￿%rn and l¢)ve4 rht RI￿rTh#m¢S attd *li ir5 surroutth8 btaury. Sh¢ is a plod o]d <￿¢￿￿%￿00d1#rt ¥Dd spet)i rn¥ny bappy ycaTh Jn Clapharn Sourh. REVEREND DR DAVID M CHAPMAN Bsc. ￿ MPhi4 PHD DLNuict ch￿ of tht knlfO￿.h￿. E54cX artd Htrtf(}￿5knC DtsEttCt of thr Mcdxodu%r Chut¢h Afrtr duaDng With a Mathematic% dwtt. for GEC.iM atcorn Compatxj Jn Si Albans and MdtOD Kevneb ￿ radar dew t)un280￿L He trainthire NHS Trusr as an Assc*ll￿ Spcciaii*t in Acutt Mcthciti¢ and AmbuJ2tory C￿. Grad￿￿ted a degree Ln iM¢thcJrte fmm Ijryenal Coll¢8¥. Iondon Isr Nlary's Hospitsl ￿e(bc￿e SCI￿[) LTL 1990. Fellow of the Rosaj Collr8t of Physicthn%. She has. ￿ld a vatitry of PO4L% Jn and ￿0￿nd IA)rtdon ￿clUding mtemai r*(bcine. pA¢diathcs, ob5tetsic5, gyna¢¢ology. em¢¥gen¢v mtdi£me and gtttttai prnciice which Jnvolyed 9 role a Po]ice Surgeon. oo1￿8h is TD¥tried wjth rwo daughiers. now both foxmet pupds ai QueCL%w(￿. Eiecttd * GovenK>I of QueenswF2K42gW1￿37o7ES2e￿3 QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 Augusi 2025 CHITRA NOIiMhN BS¢. CIMA Wlth 20 years, expenence Jn the fIn￿(l2] servitc% 5ccfor. ChitLa has woiked fot Deutsche BarLk. the Royal Bank of Scodand. B2tcLays and LJoyd5 Ban￿n& Group. AFrer grdduatsng Wbth o dc￿Et in M2rtag¢ment Science fiom thc Uftiver%iry of MarKhester. she enteted the Roya] Bank OF Scodand Fifrthce Graduate Schctn¢. where she quabfied a5 * ch*rrer¢d Mana8tmeni Accountant. Her experjence and expertyse 5P#ttS trrA$ury. finanoal repornn& %ts2re8y. inve%toi telAU(Jrt% artd stratryc IT pu)gramrn&s and %he ha5 1 proven rrdck Le£ord of eY£ellence ￿ de5w, delivcry ortd ￿le[Aert[all0I1 of complex ftt)anCLal rewning, mode]b"ng at￿ analyttcal %olution%. Cutrendy. Ckntra acts a Colks￿rI￿r ￿ FinTech %trrE-ups impltmertriAg fu)artcial poth8, plat￿1n8 2od *ulysis Syste￿4. She ￿ the TrK>ther of mi, who both #rrend * b￿, school neat to Quetrn%wood. Eie¢red 3 Govettwt of QUeetLqw(x￿ m 2019. MR JEREMY PHELAN BA (Hotss). (Ed). PGCE Headmasret of Duncombe SchooL Hertford Since 2013. h#￿ prtviousjy bccrt Dcpury Fltadm24teL pasto￿ at Fejsted Pteparatorv Sc1MM￿. oversee￿8 BolTh1￿￿. A c￿fE Urnvttsity pduate hawng ic2d History 2Ad Philosophy. Jetcmy ￿ert a Governoi In schoob in both rnwntsJncd arKI pnvak %ecror% Jeremy Ls ao ISI TrAm Jpswror fflcmbtt of tAPS. He LS mamed two Ch￿dre￿ both at QueerL%WO(NJ. Eiccted a G0￿mOr Ln AuwTrw 2019. MR MARTIN SIMPSON MatDn Iojtjed a% a Quetn%wood Goyernor Jn kp*mlxr Y)24. He b[￿g$ * bro*d txpeiienct iti djgj'rl￿tl0tt and rechnoltsgy, dtveloptd acmss thffetent ioles whi]stworking m the 6nxnciw] Se￿(￿￿ jndusrry. With more than 30 ye#r% of esjxnetsce. predomin2rtty leaders￿P W>Sktion5 wthLn ]34¢ invesirn¢nr bank% ￿ Lortdon. New York atKI K0￿ he h2¥. l￿depth technK21 background sE￿a]Is1n￿ in rran51ornu9ti0rt (Iwrai phtForms. MR ANDREW SLADE Artdr¢w has cxtcJLsJVc Further Education expenence haThg held 3 nvmb¢r of xnitir PO%iDons Cutr¢rtdy. he setvcs PnntlFxi and CEO of Oaklaftds Cd]ege. Prev￿￿ty. he hEld P￿lu0￿5 *% Ptincipal ar 5wth Thames Colkge aad Deputy Princip¥l ai Lortdon Swth East Coueges. Pnoi to working In Education. Andrew ha% worked Ln the Health & S#feTr Industty. Ltis'ute induqtry and has been a Spocr P5y¢hologisL Ht h2% reprc5cnted Counry a number of SPO￿ and compertd nat￿rt￿¥ Ln Martia] Arts. LORD STAMP Corptrr#re Fitjartcitr SPt¢ialJsing in new ertetgy and clean terhnolow. Nrk itsd% thr COLPOt2te f￿ance business of Lowpuc Capir¥L a yoaJ(%r UK.lTrased new energy Envesttnenr. advLsorY aDd research fim). p£e￿OU5]Y NKk w34 an inve%rtx*ni b*Jther with M2CgU2oe. C2naccovJ Gen4uty ind Nunus. and ha% also hcid b¢JW managemeni Loles Ln the energy 5e¢wr. Nick bcKan kn Cartel a% * ch￿[eLed Accountant WLth & YoLLng 2￿1. He L% rnatned arwj h15 a twTryear￿id son. Hc has brrn a Quttn%wood Govemor and mern￿r of thc Finance Comrnittee 2018. MRS PATRICIA M WBJNCH Old Queenswo(xlian 11972-I980}. Rctirtd Head of HR Operatxjns for Reed Bu5Lness Infoirnauon. A%so¢i¥rt of the Chartettd Institute of Petr4)nnel Developmtor. Currtttr cha￿ of tht Oki (&een5woodJatL%' A&wiiort. Ekcted a GovextKJr of ()]eensTBood in 2(M)7. DorJJsign En¥doFe ID E6F34EF￿2gc4￿&*FW3707fS2c2A3 QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot the year ended 31 August 2025 OFFICERS PrincApal J Cameron Bsc Ho & Cletk ro the Govemo Iart BEn& ACMA. CG ADDRESS Registertd Offite (slee￿*Wo¢¥i S¢h(d Limircd Shepherd's Way BtookmatL4 Pa¢k Hatfjeld Htit(Ordshwe AL9 6NS Website ADVtSERS HSBC B¥nk pk Tht Peak 333 Vauxhall Biidgt Road tA>fKton SWIV IEJ Auditoty M(K)RE Kingston Srtuth LLP 9 ApptslJ S(rrrL London EC14 IIP IDvesthieni Adviser4 Qukiter ChevK)t One KJng5Way ryjon WC2B 6AN Insurance Btokers Htrde AThdrews & Associatts Lrd Ekvtn B￿1￿1￿￿ B[￿dItypI*tr BI 2LP OocJJ8ign Envelope ID". E6F34EF3-F2Sr42W&4F￿37O7E52c2AJ QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot the yeat ended 31 August 2025 The GoYernoLs of Qucen%w£K¥d School ptesenr their AtJnu31 Repott for the ytdartce Accounung aftd RepOtt￿g by Chaoties.. Starement of ReCOmtT￿nJed Practicc apptst2blt to chanbes pcepatitig ihejr accowir£ th accord￿lCe the Fjnanclll Rq>ortyng Standard appliTrbk ty th¢ UK and Rcpublic of IT¢￿rKI (FBS 1021 (effective l Janw 2015) - {ChaDtics SORP {FJLS 1021). the Financial Reporong S¢andard applicable ￿ the UK and Repubknc of IreL•￿ (FRS 102) and the CompanLCS Act 2(NM. REFERENCE AND ADMINISTRATIVE INFORMATION The Goverrtols aze ityted ort P28t One. The executyve officeL4.pnnc¥>ai addre55 oFthe Clwity *nd parucukn oEth¢ Chanrfs profew0T￿ 4d￿yerS are ￿Vert on P48e Fow. STRUCTURE GOVERNANCE AND MANAGEMETrrr Ch￿lty Structu Qu¢en4wwd Siht>)l Limited was in¢owTrtsted as a ptivate timiied cornpgny (Regjstration No 40561} on 22 Febn 1894. The CoTnpany re8LNi¢rtd 2$ a ckAziry (Rcgtstt2tion No. 311(knOI by a Tmst Deed dated 18 November 1953. Group St￿ClU￿ and Relation5bip Tht Chanry whouy own% 9 non-chuiubk EUb￿diary. Qv¢¢tLswood EttTerpti4e% Limited (Company No 18409141 Tht SubsmI￿￿ 2Ctmtteq cornprjse the adm￿￿￿tration of rCsJden￿I *nd rtOn-rt%idtntyx] For sporring orhtt acllwtteq the optrAtion of the Sch(x>l Shop and arKLUacy #¢rLVilit%. The Boatd of QuttrL4wooO Enieorts¢% Limirtd cOmpL￿¢s.. C Nortnan (Chl￿) r I Wjlliams Queen%wood School Limited is connected through conU￿Trn. paTrlkl or rthred objects. and bv virnie of common tonrtol arKI unjry of adtnim%rtyAuofy to the Queert%w(xxl Sch(x>l Chapel Trust (Chanty RegsuaDtsn No 3110601. Thc piincLpgJ ol Ihe Queenswood school Ch2pel Trusi l% to mani8e and M￿nt>￿ the fa￿1( of the Ch2pcl b￿a]ng o Ih9t Lt wJl be used as ) pbce of worship by the pupiL% of (JLttn%wiM)d School and any other5 who may wish to a[￿rtd tht ￿er￿CeS heid m the ChxpeL Govtrning Docurneni The ChanLy 1$ 8ovrrntd by its TnL%t Dced and 0(A￿t￿li01¥ The knides ofAss(uuoo w¢r¢ all￿nded 2024. The Governing P￿￿]Y coay[￿S the Govemots as Chatiry Txusrees of the Ckniry who att 9150 Duecto£s tsf rhe Company. GOver[K￿$. Respotssibi]iti¢s The Govtrnors (who are aL%o Dtsectots of Qutenswo(xi Sch(x>i Lunkted for the pu￿05¢5 of conyany lawl are exponvblt for pcewing the Governor5. R¢potr [￿*￿¢L2] %[2￿ments in accordance applLc3bJe Lqw armj Unjted K￿8￿0M Accounung Stkndatds (Urnted KJogdom Grnenlly AttCPi￿ A¢¢ourt￿ PLaCttCtI. Company Lqw 14WEe5 Govcrt)ots to prepare fllLgncd statements for rach financial year wh*h a rtue ¥tJd f¥it vitw of th¢ stale of the afE3u.& of the company and the wp and octht J)xorNnglout8OLng iesouK£$ and appbcation of rc50urCeS. includin8 the Jnc(Ime aT¥J cxpenthture. of thc ¢lwirablc group for thar pertod. ltt ptep2tm8 these fLTranci31 xjiemertts, the GOVerr￿￿5 arr requ￿ed to.. Seletr svitsble accounting pobcKs and then applj them cotisisrtntty Observe the Meth￿$ and pnnciple% irt the ChattTie% SORP Iake iudgejntnrs and c51i￿le4 that a￿ xe35onable aTKi pwdent ST2t< whether appbcable UK Accounts￿ Srknda￿% have bttn fojkxved. s￿￿e(t to any dep￿t￿re di¥cltss¢d and expLairted in the fin&ncial Statements Ptepare the fLnancL2] 5fAterneni4 go￿t0￿£t￿ ba￿S th it LS Utipproptiate to ptt4urne that the chaatHbie comparty continue In bus￿¢5$ oooj￿9￿ Envthpe ID" w24EFw2￿42w￿1F￿F37O7E52C2AJ QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot ihe year ended 31 August 2025 The Govemors are re%ponsLbie for keepjng ptopei accounung recocds that disclo%e with ¥*&sof2able accuracy. at any time, the fu￿n¢La1 p￿.jti0n of the chatitable company and enabk them to ensute that the f￿￿ntIal sfAternents comply with the Comp2llLes Act 2(kn. They ate also t<¥Krt%ible 14x siEe8vatdu￿ the asseLq of rh¢ ¢hantsble cornparty and the wup ￿)d htn<¢ for rakmg teasonable 51eps for ¢h¥ pteveniiort detecrion of &a￿l and i)ther ￿[egUlatIti&%. Ree¢uitmeM. ltsdu¢tion aad Ttw ofGowernots The Cha￿ry.% rl¢¢ted Gov¢mot% art xpptsinied ar a of the GoYetThoLs' Boatd on the bL%LS of nomin2ti0ftS received from the Chair and W¢¢e Chair. wkn5e recommeftdari(xL% for ebgjbiiiry ate b*5ed on relew4nt atttiiyJte% cludmg perwnal cowtence. 5peciaiLSt ski]L4 ind gvadabth'ry. All prosp¢cTiVt Gove¥n(￿S ￿.￿t the School ro mtet rep￿*entruVCs of the BoaLd and senLor rrnnagement ptjor to nomittyuon Att Jndu¢ty>n programrne 1$ arranged 21 the School for new GoYernor$ and they ate ptOVLded with *cctss to tht Govcrntits. Portal contgAnJry the Arllcles of A4qockatton. GoYernor%' 2nd key Sch￿1 polic￿. a copy of thr RLsk R£￿rer and other documenratyoft televani to the￿ te$pon$Jbiknues Trustees. SpecifLC artd induCiitK] Js ?ven regard ro saleguacding te$w>fL%Jbibties. In addition, they ate knished with Iht Chxttry's icccnt Ser (bf finwKiai accounts. All Governors encouraged to attend, fLom time ro lime. sernmaxs arrAnged bv AGBIS and othct wtsfe5Yoffi￿ bryjies weu latnthansation days Pt0￿ded aE the School. A recotd of Ttaw ts Efjajnt2￿￿ by the Clerk to the GovernoL5. The Governot% dctetinine the gert￿ tK)kncy ate k8ally restK)rwbk for the overAll management and control of the School through tht PDtscipAI and Scl)ool Exe¢uDve Team The full Board meets 91 lea%t three titnes a ytat. S¥*por0￿artd ro rht Bo¥td. ate thrrr Comrrnttt¢s meet once pet tenn. In oLde£ to ensure thar there 1$ 4 bre#drh of expvrien¢e repr*%enratioa, the *hool has appomted the co-chkn of the Qutenswood PartrtL% AiY)u¥rJon #% co.opred metsthcrs of the fa¢iitic5 Commitree. A5 at 31 Auw%t 2025. the membet$￿P of these Commirt¢¢% w* Fyn*nee Commillee Mr R S Gapxood ICh¥Ar) N(r H J de SaLL4rnJXCZ Mrs A Jarco]d C NoKrnan Lord N Stan Facibtie5 Committte ML T C Gamham IChaLr) N&s K O BeLshaw Mr M Swson Mts S Nicola (Co-opra) Mts L sha￿ {Co-optedl Education Commillee Mr J Phe￿n Mrs" A B￿n￿lL$ The Revd Dr D M Chapman Dr O McGuinnes5 Mt H J de S2￿m%￿eZ Mr A SL4de leew of tht above Commiuets art ¥JKI ￿ be attended by the PUW. Bvnzr Ind other 5enM>L membets of %taff as 2ppropti*te. Thc foiiowng Governor% have becn dc5yated by the Governing Bodv to kAve rt4pon4. ilxb'ry fot spccjfic 2rc3S. hLr T C G3mhatn- Hea]th and S9fery Dr O McGwnness - P95tor31 Welfatt and Safeguatding Children (Mrs K O Bdsh*w atyl Mts P M Wtitich acr a4 Depuues} Mrs K O Beish2w.The Revd Dr D Chap)rAn and Mr J Phelan aJx> st£vt as Chapel Tntsreex. Investmeni in Staff The TnJ%tte% att ketll TO attAct knd tttaiti &si teachitig kry stsff *[ 4a]arie% and other term% of Ltmut)erAuon its order Eo rry ro #ch￿ve thi%. Iietnunera￿tt of key peThonnel L4 L4rdbb%hed at app(4ntmen¢ srage by tht PrtrtCLpaJ 2nd/or the Bo*Td of Ir s tl*rE#fter reviewed an annual bw by the Chair aTrJ VKe Chgjr Docusb3n Envelope10 E6F34EF>F29c42W•S￿F3707E52cZAJ QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot the yeat ended 31 August 2￿25 oEGovemor%. RemuTLetrAUt￿ fot all stsfExsrtvkewed annually with rtfetettce to relevantpubjicly iv2ibabk informatson 2nd benchlwk￿8 sutveys. OBJEcfs AND AcfIvITIES Chariiabk Objects The obF(ts OE the Chanry ate.. To cortDttue ro OFEate the gtsls. bo*Tdu)8 atsd day school aS~Q￿E￿wOOd-. subj.tct to rf)t T￿$t Deed and the Company'% Articl&% oFAssocuDon.wded bvchtisiian pcuWtswhdsrr¢cwi5ing the value of difftr¢nr cultr￿e5 And f￿th% To majntain the ptesenr tradition of tht SclKX)l and to continue to 4ttk to iJY¥>tove and gdvance tducatyott for pds by all aPPr￿(late mtans incI￿1n8 tht t5￿biL$hMtnl of funds Cor ￿ko￿%￿LP5. knr%anes and pr4es Public Benefit Alth$ *nd Intended lrnpa WIthLn the￿ obiecr%. the School'q pubhc benefit L& to pro7ith an outsranding gcadcrnLC ed￿ation for all pupds irre%pective of theit parents. financial mtaTrs. In adtht￿rt. the Sch￿1 offcrs a Wmle rdnge of other ac11￿tres de%Lgned pLoduce well.eqwpped aad ¢w cin2en% of the futtjtt. leadtt% oftomorttw. who %trYe their commuruties 2rtd ¢leat seJLS¢ of responsibibry. ThL% aim i% %upp(prred by *) acmpe progtgm￿ of p#.%ro￿ cate 4P￿1￿*[ fratn¢worlt$ wtll a5 bT¢omprth¢nsive f¥thTit$ atsdo r¥o8e of a¢DViU¢S toptomotr ph￿1¢212nd recreational Delivery of Pub]i¢ Benefit In accordance wth the Charitable Obj'ectsof the chariry.and ItaFEngdue resjrd rtstheCJwiryCommis4ion'.#bnMdance on Public Benefit. the khool contsnue5 to widen pubbc acceKs to the exceuenr eJutauon thar girls aged i i ro 18 rec¢ive ar Quecnsivo(wJ. In order rg %kLpport dus obitcuye to etL%Ute that no one ￿ excluded from the opportuniLV to beftt6t from thk du¢auon. th¢ Gov¢moLs m#k¢ ava￿#￿1¢ mtans.tested bwsary awarik. of up ui IiW/• fett¢missionirtappLopLiate ciicum5rances. A Scho￿&hiP be. frtgutndy is wlern¥nred 2 tw%2ry. Queenswo(xl cununues ro srrerwkn Lts lini% Ivith a nth))tr%rof lcd xhoots fort whom ir m3kns av2iJ2bie. at no chatge, It% fac￿￿¢$ such 3% the SWUTJtJ¥rtg p￿[ the theatse, well as otst¢k)ot and thdoor %poLr% 2te25. Although Jr should be nored that Usgge h&5 been restsic*d due to the pandemkc. EDgagemeDt with Suppliets. Cusiomtrs and ￿her5 iu a BusiDess RelaiioD5hip vriib the School The School's and ¢U%romrr en￿g￿Men1. mcluthrtg all pohtlcs and contracts are desibmcd to eft%ure a 2nd tsanspattnr apprtyxh to au bu51DeKs EfatyYA¢rJ0tt5. Tht Scht)ol h*5 Ln tkar and rThn%parAr all facilitie avadable for exte￿ u%c and rhe￿ 5 *tt 7nnu2Uy knlthmxtka awst other comwarablc faEdiDc% to ensuLe they Lepresent value. The School o￿tateS a tratt5Parcrtt prncurernent priKess for a value b&%cd ipproval slrucwre. thettfore enqurtng au Str￿(¢￿ and pmduct% a￿sessed under the best V21ue a￿1 rJ%k rnjttgatton cntena ort either an lnthlrydu￿ 01 cy£bcal ba5)s. as apPtoPna￿. The SchoDI compiere% regular rtlaDoft%knp management meeTW*￿ with au strAtcgLC %ernce% 5uppbets ro epsure efEcctwc contr4ci ￿1￿￿•￿At awwj Engagemi ￿ commLtted to etL%uting eguabty of oppominiry fot all who learn and work hett. It 15 Colyirt￿[red 10 the pnncJpl¢ of equal opw>LtyJnLtieS thaE LS emkndied in our Eguality. Diversiry md Anti-Racism Pob"cY. W￿Ch 1% kepi un¢Jer consr2nr rtvitw by out Depllry Htad PupiLs is regulady disttL*%td bs, the Senior Xgdec81¥ Tea Docu5pJn Envdope ID." EÉF34EF>F29c429￿8&F￿37o7E52C2AJ QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2025 Carbon *lld Erteff￿ U$*Ee Que¢￿Swo￿(I School <0￿￿nu¢S w be cwd ￿ a giti￿d ￿￿educingits enetgy greenh04Lse em15510ns. lrt addityon to our ttceTrdy Lnstaued 176kwp soJ2r gtray th¢ schty)l is iftvestisatyng the instsllation of a water bottknle which £ouid teduce our WAtec cadx>n eITh$sK￿4 by 360/ In addition to thjs we are: Ensw thaT stock i% trfiwbished and mattr￿ts re-U5sI wlKn¢vts proiects a]k)w. Putchasing enetBy fric￿nE e9wpmtni whete apPrOP￿*te Jn thr School. i[Lilud￿ a 2cro ttTI]551tms eiecrric rnmibus Up8fathng ￿s￿nI HVAC s!%tetrts io mort tntw.tffJucnt oncs whEne￿[ p055th]e cttc IA¢lu(1th8 w rottydcfAUOttS Jnto xhool Ixuldw. Adoputt8 b¢ha￿O￿tAl changc Ewasvtts wbeie pc*sthle The Ch2ra¢tef of Quetnswood WirFun a ￿nn8 Nupporciv¢ frarneworK enioy * Ea[nol￿ Eoc IL8 Sport, partiCLdarly Tenrns. but rjght acro>S the cre3tw¢ and perEormiT¥ artfi and thro￿ departxnent-led acadernic enncknLent. ensw(x)d tsfCec5 exciremeni. choice and exceuence. The teaCh￿g arvj pasto￿1 %talf at Queensw(*Jd help wls to devebp resthence gTrJ gdgpt2biliry lod to challenge themselves. They want to illsDi a sense of perspective m the &ds when they ttiumph and when they fmd thjngs hatd. IbeeJLswood leave rhe School arnbition. deternJiThaDon. foends. quaiificgtionq and values to l&sr a bferin￿. Obiern]Thtses that wiu ensLwe teachLT¥ excellence Ac￿%$ the cutuculum To work wl(h th¢ OQ.4 rhe tthrfirs of (s￿£￿%w(M)d thtou¥h c2fre¢ advice. mentoring and appropnare suppori Strategits TO A¢hitve this Yt*e$ Obie¢iiVeS The Sch(K>l ha% continued ro invest Jn our ad[Tu*￿0ll5 and deparrn%nL* wyth a 5Fcific focus on growing OUL %haLe of the ￿te￿allon￿l maEket and concurtendv ¢ThSLU]ng pupil re*nti()n lor SLxth Fotm L% ￿ Sttong as it can siblv be. DO￿8￿￿ En¥efope ID E6F34EFW2￿2l￿Wm3707Es2c2A3 QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 Augusi 2025 Prin¢ip*l Activitie$ of iht Yeat The Chanry pro￿deS bouthng and day education for from the w of 11 ￿ 18 io * singJ¢ 120 acte sitr..At th¢ Ye￿ end. the Sch(x)I roll was 4631477) tompnsjng 258 (270) daygrls and 205 (207) both. Volunieets A number of cutrent aTh] past Pgrents continued to Provide I￿. of volunwy Stivicc dw tht ytat. The Board would bke to take this opporwwry io expre55 its appreoatson (tsr thtit8rrt¢Lovs *nd ￿]uable Supptyrt. Operation*1 Perfom)aa¢e of the Quttwwood EDterpiise Iimittd 2024/25 The Ente￿n$¢ Cotnpany operAted Lhroughouf the ytar. Thttt wa% a wficani amount of eneLgy put into new I￿k￿g5. but the tenNs F9cdiiie5 require uwesrrx*ni #nd *te holdu)g hck som¢ of the irtcott* poteniiai. tttting acuviues Jncludtd the schwl opeLation alongwth ¢xtrrn￿ letung5 for football. hock¢y. Y￿rnM1￿& rterball 2nd fert￿. R¢sidenDai lemngacttvitits happened duxing the Sumrner wlth a new Pro￿der. unfortunarely this WAS unpacred by an mdustsy wide Of Val￿ added.. thev achiev¢d pdes. far thost foicCl41 btr- tht Cen￿¢ Eot Evaluation ind Ilonitorjng At the begIn￿Th8 OF the￿ eyam Th¢ s(houl u5tS Its fcachcis, acad￿lIC rt&eatch ro wde its acadertllc development pJarL% and thi% LN one of the rea￿￿5 fur the 5UC(¢>N of irs wl<¢rttrrd appt(xch to academic and per%on21 b>rtdott. oth¢t GLoup untver%Ltse.% ￿ UrnversitF of .4rt5 tA)ndon and broad SubjecLS chosen were nMJJufatJo￿% as usual loilowiJ¥ duecdy frijm ￿h0o1 .￿U￿'ects such Engb"%h, Psvclkn)low. Gtogtaphy. HJ%tory and Bioiw, ot explonn6f)ew ]ik¢ Ile¢haw¢al Ewering. SporriM2nagem¢nt. .4rC￿￿c[urt. artd Illusrraiion ifL%Ug] Yedi2. TheF kgve tt> ts)niinu¢ thew educaU0n￿ path￿v ￿1th oui besr Wi%he% and suppo Docusb3n Envelope ID. E6F34EFW29C42WWW3707E52C2A3 QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot the yeat ended 31 August 2025 Curri¢uluttx All ICS3 %Mdents ate now USI￿ their ChKoMelx￿jkq in le%ststL% in pbce of papet in mtyt CucU￿rance$. The! aL%o all have acce$$ to the cornw>%ition %oftwate NO￿l￿t and SoU￿[[rap We are ¢nalu"T¥ ¢10SS-¢uro¢u]ar JirtLs wch W￿L]n￿ Geoxraphy when we wodd mty%i¢ Excellent enRaMptTh￿fit from ye￿ 9 ha% kd to a veTr %ttonx Ytrar 10 coknrt foi GCSE Ex•m resuITr* for GCSE wtre SLI￿￿. Wirh added of 1.6. which L% Erorn the previo￿* 1.3. Thi% 1$ in parr dut ro tht move w Edw GCSE which has bentfirreil our 5wdents. We have a new tnember of %raffJn MT Co-cuiriculAr Th¢ %chool thoit lQuir¢l came %tcond in thr BSA Chw of thc Yrar cornpciityon We have entered *rud¢nts sn th¢ Warfor(l Fe%rivaiof M￿lC well a% the SESCMC (South Easr SclKX)L% Charnbet cofflpetitivn A fotm 0￿Y choit ha% been e%tabh%hed and Js verty p)pular Swdertrs conrinue txcellenr ¢t*uirs in thtir.4BRSII ¢MiL%JC txxtt%%. *which we wiMJJd bke to share nY)re Ivideiv Cott¢etts .{ partKular w.ght fLom 24125 wa5 a SLKTuner Picnic Concert heid on Trew IAwn whjch 211owd p2tertts to ing Cha￿.. a￿1 bJ2nkei% to $11 on. The ￿ta[her RIoll"OU% aTrJ prxEomxd rhe SWI Slatr¢d ¥¥rurt8. Sr. ft.ciiix f.ooc¢rt rri$ed ovtr £700 for l%abtl Hospice The whole of l'ear 7 pecFocm¢d Ln 4 concert5 acrok% the Ye￿, uKlu(bng cotnw>sir¥ the￿ which were cfocmed Ln the Summer Concert on Trew LaTrvn. Exh c(Fav foc rn￿￿. Houst Dance Competytson with Wt*1 EN1.44.￿lt2lo￿ Whok Schoul Pc(Kiuction of Billr Eib"ot Yeat I I GCSE DrAma . pctforni conTempora£y nrw ph!- The It YeRC 13.1 Lxvel DrAsna- perfoan Fl"L Q Review- KThole Sch(￿J] Dance Show Y¢ar l?_4 L¢v¢l DomJ- D¢vLsd attht Cart(* - JF29C42w84F￿FJ707E52C2AJ QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the ytar ended 31 August 2025 Paxttcipation aryl success irt ali ateas of (￿cenSw1￿ st￿ continued to iwiess in 2024125. Queen%wood Sporr offereil OPEK)£ttu)iue.% Eot all ro join clubq and cornpeie. "Sport fot All" LS a (Nnrta we att proud to opeLate by. Thtwhtsur the yr4x PuwL5 enjoyed p4rncipty¥ and ¢omptw¥ Ltt a r￿n￿ of (hffttenr %POits whcthet ai Sch￿[. club Itvcl or ttpre5enung theu at I￿shC$1 Jtvtl lrt short tTh)Ee than pupjls pLayed for 2 team, the Queh T(yJr and TennLS Europe Esrnts. UK No. 15¢hooi ￿ th¢ UK a5 tartked by rhc LTA. Feocing conunuts 10 Ptoduce phenomenal success-x3 England U14 Squad- proudly Lepresented the team in compeuuotts acio¥ Spaiti. Bd82oa. 2nd qjon pola￿[. AddiDottally. three of the fencers eained a %pot on the GB Ul7 tramand 2 on ￿ GB U14 re*tt4 futthet hghkngh￿ tht ¢lub'sgtotving PLXm)inence on ￿ intem2tionai $rAge. Th¢ ream ha5 deb"vered Impre￿￿ve perfomun¢¢s *r tht Brity4h Y(HJth ch￿1P10n5mP$, securirtg ttsp 8 and rop 16 FITushe%.and they h3ve defe1￿ed thw tsdt at the Htrtf0rdsh￿c SthoDI Champion&lups strong tivals Such 1% Habs. St .4]b￿,%, St Cojumba's. and QE Boys as well as pKking up mcdals ai the East ol Ert8lartd ChamPionsh￿s. Gymna5tsCs- x2 orthne novice chat)Jpions. 36 Gokl & xl sihfti medals 21 Cothity 9￿￿lfiets. AthJtuc$ - 3 Ath]etL4 compettng at the NaDona] SchoDL% FLna]5. NaLion3J SchooLx High Jwnp Number l. U17 Nauonal lttdoor High Chthipjott. RegLOllA] Hamfflet Champon. U15 Counry And Reyonai Flarnmer champioty Nlauonai Schoots 5th. 4 County Ch2n)piort% 2nd l Athlete p]aced 3rd at the County Chatnpion$hips. Ul6 & U14 team Counry FiJdi4rs. DL*fii¢T Clbampons io 3 youps and ovetall DisTEiCi Ch￿1p10￿5. . Jnr arxl Inrtr ieaTTh% rewai fitdL%U% iti N21ioyJ21 Cup X2 E￿)P.￿thitr[t*. X19 indmduai D15(tict champitsns. Hot5¢ 3rtd T¢rtttMon - 8 yls tepresented l)Jeenqw<*xi Ln NSEA events. lAth￿dUal rideLs h3ve had at Couftry, Rewttyi at)d NaDoJuI events. l Tettathiort athlete achieving wCCe￿5 at NatiOLuI and Intern2ttonai level. Ntib*ll_ 5 Courtry PLayeLs.7 regK>nai P￿yerS and 2 uJtema¢iona] playe￿ U13 DL$[￿r5fd pbce,County Runner5- up & N2uot)ai giixrtcr-fwds. U19 CouThry qU2rter-fLnaLs & S(yJth FLnalL%ts. U14 Dkstnct RunneTh-up, UIS DI8tricE w￿llerS. U16 County Pjate runncr5-UP F￿[ball_ 2 Academy PiayeLs. l Eng]aT¥J U17 Fur5al plaver. in U14 Distsici Badrnmron- lugh levcL8 of club p*tYCPU￿. irt the Htrn & Middk%ex League U18, U16 & U15 all pjactd 3rd. In Nat10Th￿ cup Djsrrict Champions at U14 U16, U14 and U16 C{￿n[Y fif¥b$r$ 1 CountF p￿ye¥. CLos5 Counrry . Mid HerL% Te2tfJ D]srtKI champions. .4ge gtoup WNRS YL7. 8 & 9. X2 I￿￿%￿dUll DL$irict Champions. Y2 It)dividu￿ Ccxthry champ￿rts. Inters Cojnty Ch2mpJons 2nd tegMJfLa] fLnabst Jn ESAA Nation21 Champions￿P5. Beechwocwj U13 Champions. 2 5¢kttyl foi E￿5h Sthook. Cncket- U13 l￿yT#vemeT% Distsicr Ruottets Up. Uli Djstsict Champions& Ciwjnry Fina]ists. 2 Counryp]ayeL3 and l MCC player Skun8- 1 SkieL r&iked ￿ top 10 NatM)n2ty gnd of Bntish ChampLonships Gunt S]aiom. Swkmrrung- 5 5wJmtrxcs achirycounty StsNI*Tds. We have ￿>￿ ovtsraJ* pttfotmances 2rrlub kveL outtry119 xgold. 9x siivetand 6 x bLonzel, R¥ona] (2x bronze, Ix sthr) and NatsonA] level swim cornpetititsns rh 2 4rudeAU% qvalifjqng ar the nauowl ch2mpiotsshJps. Intets pJ2ced 2tMI ai CounLy It28￿e. -4quithion- x l UI6 IA)rLdon Junitir SeriES C]umpion Trip$- 24 5¢t)i￿ Hockey pLqy¢ts trnvclla to Utrtchi foL pre-season training for S days. 40 JuNor Hockey pLqyer5 participated in a Hockey T4Jur to Bar(elona. 40 have up to Sk] TIXP io Iraly iti Mor¢h 2026 2 Nelball teat) rravrl tu Dub￿ nexi yeat ￿ rake part m an internatio¢)ai t(iurnainEnL QotyJsvJn &vdcpe IO". E6F34EFSF2K42WWW3707E52CIAJ QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS fot the year ended 31 August 2025 14 Elitr SportSTnmrft {rraDonal leve￿ Jn th follo￿￿ spons - Tenn￿. FencLngb FU￿AL Fli8h Nerbau. Sw?mmingk HamEr*L. C￿5 Country. OQ 8utte55 - ? p]ayers .*lec(ed ftsr dLe GB Hockey 4uad. I player Sekcted for tht GB r(￿8 squad, l ex member of %t2Ef part OE the Wor]d Cup wmrnng EnBlatJd Rugby rea FufuRE PLANS Objective5 for the Fortbcoming Year lrt bhaping out objecTiVts fot & vrat and pkntt￿￿ Iwt ¥ri￿￿¢s. the Govetnots ILave considered the Chariry Comm1%4ion'% SU￿ance on pubknc beAefiL iti¢luding the guthe t*ubii¢ benefit wnning a ch￿1￿. ￿B21. The key objective% fot 2025/2026 ate the same as the objtcriv¢%." To proudly ietTwn alw sch￿1 our Mcth(¥Jist foundation Crnttaj to tthos To coniinue to 8tow to a %Jze whexe we cart fulfi] dthund 2nd sull deltver our bt%poke edU¢ari0rt￿ tsffeDttE Tty mod¢rrtLS¢ Out tea¢hJrtg eAVirot)ti*ttLS ¥tok* all *spe¢LS of the >chool. cr¢Atinkp and LI￿¢10p1A￿ space that i MI￿)￿Se girl.C¢ntred 1¢2Lttth8 To develop and Lmplemenr a f[￿￿*￿ed Dw"ral LearnLng Strategy where all pupiL4 have a.￿ deyict on which to learn. brIn￿n8 ex£itin% OPPOL￿￿￿ ak)n% wth a uruformbty that will enhance the.%afeN artd secutiry fot our pupds To fu￿tr enhance the $ch￿J1.￿ well.betng ptOTLSiOrt in oL(kt ro SUPPILI pupiL* arjd allow thtm ro in confidertce 9% ￿￿VIdU￿%. Thek leatn to stt cl￿& 1$ OPW>Liunitie% 2nd dettY)n%Wdte deitrminauott to t￿lYt in all a%pecL% OE theit lJve%. Tts ¢ontsnue (o devek)p and efihan¢e flttryibie a￿1 offer for gJL and E(Ku5 on en.4unn% that we gtoiv our ¢nreinaD0T￿j f*mii!- who c(Intabuie much its our cu]wrai JiversitF. To continuou%ly improve the SL¥th FOKM oflec bk buddin8 UFrf>n the exCIte￿￿At and opporttLNlie% creaTed b!. the recent tefK>vation To ttthartce Sraff D¢vtloprt*thi r¢mun¢rJrion oppominiri¢s th¥t teachinR eXcelle￿e ac￿$5 the cutLicthum T(Tr work ￿th the OQ.4 Jrt 51Mot¥ thr b(elon8 btt)efits of Quee￿$￿0(￿1 career advLce, mtntoiing and 2ppiopnart iiipporr FtNANCIAL BEVIEW AND RESULTS FOR THE YEAR The gi)vemment t(x>k g de¢L￿On to app]y VAT to IndepeThJeTht Sch(x)i Fe&5 from l January 2025. In otdet ro tsy 2nd protect our ￿h0o1 comrnuNty arml reduce the Jmpact of this the sclMx>] t(M)k a dec￿l[￿n ro reduce fees bv 10.12ts/0. dependant package and year. This mid-year change ckgdy histoncai compatisons dL'fficuit. Total Innce She¢T in ¥e]¥ty)n to the ¢]o¢d pen*on scheme. Thiq 1% fuilF attributrbk to The Growth Plan Pen%iim which the xJM)oi exiTtd otx 30 Sq)ttmber 2024. L￿￿ling i debr Of5 thdrawal thar wa% pwd Jn Year. There LS An out5tsnding le8a] ct%t P￿StAred by rhe Ttw%ite% of the wwth Pi#tt scheme ro the Ci)urr ro provide clanty on TPT caku]ai1o￿ of meAther ￿ne(l￿. Due to thi< w)certstnry the trLL8tee wdl not cernfy i SecDon 75 C￿t unll] the pr￿ced￿￿. have corKludtd. Wc antscipate jud8eo*ni by the end OE 2025 9T￿ wc will conttnue to rtview 9S50CLqted balMb"tse% aTrJ comrnitsnent5. Reserves Policy Ftee reserves ate defmtd as resenrs w￿.Ch freely availabk and exctude iesttiCTed funds. des1￿￿ted funds as￿ any fLxed assets. In commort with otheL independent ]% the Governot% have invesied Substant￿ 5U¥tLs Into the School sitr Jn tecent y¢atr* havt a conilrtu￿ig programme of refudi￿hlr￿￿l developmenr and inyestrnenr i develop and exc¢lleni facilioe% for our pupiL%. Although the frte L¢$eLve$ 2te ar a tseg9Dve balance, thi$ Docusvjn en¥elope ID E6F34EFw29c4￿￿wA-F37o7ES2c?A3 QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2025 illustsayts tht exttni of investrnent the SCW vAJKh ￿ common plac￿e by indqxndent 5ch(x)Is which have to finance thrit own capiral itx¥cscmrt)i plans. Govetnots corLsi&r tha4 ￿Vert the value ol fLxed a>seL4 owned by thc khool Im(ludLng %ome not utyb5ed for cor¢ Srhwl nca51. tht a￿l￿ble bankJn8 facJity, 2nd the Increase in cu(rent and prnjectcd 5tudenr roll5, there LS no urgent n¢¢d w iwi]d up ¥ frc¢ ￿Se￿¢. The Governor Lecow%< thar the kncl of It4erve% fluctyJate% duLin8 petMxLq of Jnvesrment Ln the Sch￿1 3nd arrangemEnts ￿[￿ our bank are ￿ pLace to ptovide an adequate 'safery nerf WI￿ and Lf regULred. The Reserves Pobcy Is remewed tsn #n ¥rtnu¥l b*$is with due ¢orL%thratth of ￿￿kS. Donations and Re51riCted Funds The School has been extrer*ly Eorturnte to receive be9utsts, donaiions and &fL% over m*Jy ye￿. The School received te$tsicred don#iioty% of £14k ovex the course of the ycat. Risk Managemeni The B0￿d of Governor5 15 rt%pott*bk for the tYtr2Wrtt of the rsks factd by tht Cknity. A Ri*k Regi%ter FrarneworK detthg sigftificant nsk% tel2¢uJg ro the successfuj conrinwry of the ChxuLy'5 tsbie(LS, ￿ trwntsinrd. Con%iderauon of inthviduai ts%ks is dek￿trd to the appropilate Committtt. whbch teviews thev on g cycb.cai The BcYAid thefl revitW5 this ctnr¢ally on * renTr)ty E4sis. The key contLols used by the Ch￿1￿ include: Gov¢rnoi ovtNgh¢ Risk Frarnewock Ag¢TKi&4 and minures for all Bo¥¥d CommiEtte mee Ternis of Lefereftce foL 9ll Cornrnitt¢es strate￿ phon1￿. budg¢Titi8 wmeni accounringptiKeduces Esr2bts%h¢d OfKAnJ%ationa) stcucwre. clear imes of reporting and ¥ppropna¢c toltsultyuo Ftstm￿ wnrr¢n P¢￿￿e Clear iuthon5at]on and approval lev¢L% Verun8 pLOced￿. as tegULted by Lgw for the pwtectson of vu]ner4ble Thro¥h the established nsk mawew pr￿ed￿l¢5 thr Governors ￿ ￿¢15r￿d thai the majoi Lisks idenrifjed have been ade9Ultety fTU¥dted a% f3[ as L5 pracu¢gbly po%siblt. It s t¢cow%ed thar $y%teffts can only ptovide reasonable, but rtor absolute. 2s%iirartce that maioK rL%ks have been adequately tTWW. Key rL%ks include Any slN2tt0n wknch would ￿¥¢ n5e io a Tfi¢knt dedine irt pupjj roll School re¥enuc*. thi% include6 Ihe dtreci artd mditect tsnpact ol VAT. a reces%ion. excesstve Lnfiaiion. lugher u)terc5t ratc5 and lu.gher tnergy The remova] of chanttbie stsrus for Inde￿IK1¢ni Khoo]s Chaw. In thc UK f¢OnomY or an oversure to Audiiors So far as the GovetnOLS ate awate. thete is no teleV￿1t auth"t mformaiion of whKh Company'% a￿￿tOrS are unawate. and The Govtrnotr hve tsket) ¥ll th¢ st￿% thar they (Wt to have taken as DLrectot5 Jn ordet to (Tuke thernselvL5 awa￿ of any relev￿[ 3ty*"r ￿f0Mmu0th and ro e%¢abbth that the Corqjany's audLtots are aware of that iaform2tioA 13 DotsJs¥D En¥?kp2 IO" E6F34EF3-F29C42$￿￿w3707E$2c2A3 QUEENSWOOD SCHOOL LIMITED ANNUAL REPORT OF THE GOVERNORS for the year ended 31 August 2025 Auditots Moore King510n Smith LLP bve indicated their wJiuwes5 to continue Jn office and. irt ¥cordance with the PIOi4sions OF the compan￿ Ac¢ Jr Js proposed that they be Le.appoirtT£d 2uditots foi th¢ ¢￿Ving year. The Strategic RepoLt which forms part of the Annual RepotE i% ¥PPtov¢d by the Governo[5 in their capacity as Dllectorn ￿ company of QL￿eT￿￿￿oI￿J Sckno]. By Otder of the Boaxd Clerk fo the GovetAho Dat¢: 13nr2026 bT. 11 ￿Ls Chait of Govtmoty D*it'. 711r2026 14 DO￿5￿jn En%tlope ID." EEFJ4EF>F29C429A-W￿J?O7eS2¢2A3 Independent Auditors. Report to the Members of Queenswood School Limited Opitiio We have audited the 5Utcmtnts of QueetL%wod School tirnLted (the 'pgrent charirAble company) and LL8 subsjdw lthe'gtoup) for the year e￿je￿ 31 AugLL4r 2025 which cotnptjse tht Group Starrn*nr of Financial Activitits. the Group SutTW Into￿￿ #nd ExpeAthrLtr¢ Accourt4 tht Group Patent Chaatable Cornpany B9Jance Sheets, the Group C35h F]ow Statemcnt *￿1 tjotes TO the fir&noal statemettts. includtsyé yficant accounting pob"ci&4. The fjnanclal rCporn￿ Ér2mtwtsrk that has been apP￿d Ln thew pcep4rdtM)n ￿ appb"cible law and UnLted K￿gdoffl Accourtting Stattdards. including FRS 102 The FLnancui Reportir¥ kntjdard Applicable the UK 2rtd Rcpublit tyf tteLgnd' (UnLted Kingdorn Generalty Accepted Accounutsg PAciKe}. In ouropitiLtsn thc fi￿￿¢¥[ $#t•)￿nts.. vr a LTUC #nd f4ir of the state of the Group's aTrJ the PaLent Chaatable Company'$ affajts 8% at 31 AugLL$t 2025 and of Group's irtcOm￿ tcsoutccs and appbcation ol cesouLcc& uKbJdLllg sts income and expenthnue. fDr the yeat then ended. ' have been pLoperly prepared Ln accordance UNted Kwom Gerterally Accepred Accounttrtg Prdctict: 2nd h#ve beert ptepattd Ln accoxdance the ttqUlre￿￿nts of the Co￿nI¢S Act 2(1)6 aThJ the Chaniies Acr 2011. B251$ for opinion We conducteil ou£ 9udit Ln act￿dAnce Intem4uol￿ Sr¥nd¥tds ¢)n A￿1￿￿ (UK) (ISA. (UK)) and flppiicable bw. re%pon51bikntie5 under thos¢ Ntandatd% are fiknihet de￿llbed in the A￿ltor'S Re.%pon%Lbth"tse% for the audit of fmanci21 %tatement% 4tcbort of I￿[ teport We ace independent of thc Parcnr Chan(*ble Company th *ccotdan¢t with the ethical requwements thdp r are Tel¢v)nt to ow a￿1[ of thc financJ21 Sutemtnts in tht UK includLng the FRC'S Eihicai S(aTxlard. we have f￿rjllea (X￿ otrr ethic21 Kes￿rL￿bjkn"¢)e5 ￿ accordlnce wth these reqU￿er[￿￿L￿. We beb.eve th#¢ the #udjt ¢vidence wt trAve obTaintd is S￿ff￿eft1 and appropnate to ptOTide a ba$Js For our opiruon. CoD¢lusiorL5 rtlating to going CODcern In aL¥￿ting the financial srai¥tn¢nts, w¢ hvt cottcluded that rhe tswsteLq' of the going concern IYaSLS of accounting in the prtpatatiort of the finartciai statements ts apptopnite. B•%ensibie Eor the other infornution CODr*¢Trcd w)thin thc rtport. Our opinion oft the f￿anc￿ %f3remenLS does nor cover the other itifotmawtx knd, txctpt to d)t txtent othertvisc exptscirly %tated Jn ouc Iepoo we do not £Wtess ¥ny forn of ci)nclusion thetton. Out re%ponsibi]iry is to Lead the other *nd. th do1￿ so. coftsidct whethtt the othet infottrAtion is M#reti￿)￿ incon$istenr the financial 5tstetnents or ovx kntswle(tr obDined iti the coutr* of the audir or orhen aPF2rS to be rnate(Lally ￿U￿%11t¢d. If we identify such Maler￿ th¢￿S151er￿￿. ot appartylt mattrial mi4ststemettts. we att required to dererrn￿K whether theie LS ¥ tTiatetJai mL$51#1rtY*rtt In the fI￿nCial sraternents themqtlves. If, ba%ed on tht wotk we have perfo￿*￿. we condu(k thar thtrt is a rnisststeTh￿t OF thi4 other Lnformatson, we cegulred (o rtporr thai facL We have no1Jw￿ io Ltport in this 15 DOCU￿9￿ E￿e10￿10 E6F34EF>F?9c429A.&4F￿370￿52c2A3 Independent Auditors. Report to the Members of Queenswood School Limited Opinion5 on other prescnljed by th¢ Comp4ffjies Act ltt our opirnon. bastd ort wotk wJd¢Tr*ktrt ￿ the couThe of the a￿Lit the informariott yvtn irt the %tttrtV al￿ the GoveuK)r5' anfwal £ey>rt Eor the fin*￿i￿1 yeat Eot whith the financ￿ qtatement% are prePa￿d Is COn$L4tent wjth the f￿an¢1￿ stytrmenr%" *JKi the srrnregc reporr the Govemots. rcpott have I￿en preFa(ed in ¥CO￿anCe ￿th applicable legal Matters on which we are xequixed w report by txception In the ]Lght OE the knowiedgt and undetstsnding of the Gtoup and PaLtrti Chatirablt Compw and its envLronment ob￿ned m the cou(se of the audii we have TK)t xkftttf￿d matetial missraT¢tWTS the 5trategc ieport oc the tN%tres' gnnugt reprL We have tK)thing ro LeFrf)rt m Lespect of the foliowir¥ mittets whe£e the Companies Aci 2(M)6 and the ch￿$￿¢5 Acr 2011 re9uice us ro report to you if. Ln ow opuuon.. the P#rent Ch¥rirJblt Comwdny has nor kepi ¥de9U#lt 4nd sufficient Accountu¥ recods. ot rettllrts adequate foi Our audit hivc tiot betn rtttjvtd ftym brAnchc5 not by u5" Qr the Pattnt ch￿)**ble Companrfs finartc1￿ %tatemeThts ate not in wAth the ¥courJDng re¢ords #ntl ttwms" cetsin di4closute.q of Govemor%' remurteLatiort Specif￿ by law ate made. ot we have not received the mformation and expl￿1200n% we re9wtt for our audit R£spoDsibilitie5 0(Governors A5 expl￿ned tnore fuuy In the Governor5. respon￿1￿l"L￿￿ 5f4tement set our on page i. the Govemotq (who xrt also the djrettors ol the P￿ent Cha￿table CorTpany for rhe Purpo￿ of companv lawl att re4[￿sible Eor the prepwtioft of rht fin#n¢v41 5Jtcment% for bEiag 5awxfied that they gLve a ttue and ￿ew. and FOL $uch intrmal conrtol as GovtrnOr5 dettIm￿t ￿ rLcCt*4ary w cnabit the pxepatsriotx of fiMn¢￿ sratements that fLee From matellal ML￿tatemen￿ whethei due ￿ fy2ud 0¢ eLxo¢. In prepating the ftsuncd s>temtttL%. the Govtrnots ar¢ asse.4SJng th¢ Grtsup afxl Parent Chgritable Company'.% abibry to continut 9s a gomg concern. dL%c]ow￿. gpphcabk. matt¢rS rtL*rcd ro going oncern and U%ing rhe going concein basi4 of accounting unk&q the Governors either intend to kn9￿[¢ the Gioup oc Parent Chantable Company oc to cease operdtNITL%. or have no reab5tic alternatsvc bur to do so. Auditorfs respojksxbilities fof the awiit of the fl￿1￿(￿al statertteots Our 04'ecDve4 are to obrJAn rrdSonabk ak4ur4rKe aiK)ui whether the financd %tatements ax a wknk aLe ftee from maieoai misstsiemeni whether due to Crjud 01 eiror, and to ￿5￿e an auditoes reFOrt that includes out Opjnitsn. Rea50nabk &s.%urarKe is a lugh kvel of a5%uran¢e. lut ￿ nor a gwarantec thar an audit conducted in 2ccotdanc¢ with [5.14 (UKI wijl always dererr 2 mateoai mL*suremttti when it exi%ts. ￿5$￿terI￿nts can frorn fraud or ¢tror and ￿ coE)%Ld¢rcd TTNrcriaJ if, LAd￿ld￿￿￿T tsr ￿ 48¢￿[¢. thcv [¢¥w￿ab]Y be cxpected to inl]uence the economic decjsions of us¢ts th¢ b5is of thqc fknuncLal sta*menrs. A5 part of an audit Ln Accordance ￿ryth ISAS (u￿ we exerc￿ profess￿ jLO8efwit and mamrain prtofessionai %cepiici%m throughout the a￿￿. We a130.' Identify and 2%4eS% the risks of m￿￿ternent of the sutetT￿ntS. whetkn due to FL￿￿ or eLroL, de%ign and perform audit procedu￿$ re%p)rtsJve to thtsse Thsks, and obtyjn audit evidence that i% Suffic￿￿[ and approprrdte to provide • bas￿ lor our opiiiJOtL Tr rLsk of nor detc(tJtJ8 a materjal miKsraiemen¢ resulting Ecom fraud lugher than for or* from error. as fra￿$ ll*y ￿yo]ve fwry. jn￿￿tIOn￿l ortU$5￿. mLWTe5entsrionS. Ot the Ovcrtidt of Jnt¢rna] CC*ntrol. Obrain an urtd¢isr¥tMJtsJ8 of InrUn￿ ¢onrrol rele*4ni io th¢ audit Ln ro debw 3uth"r pLocedutt% that 2re approptiare in the c￿(unu￿n£ts. &Ji ftot for pws oCexpre&sing an opknyon on The eff¢ctsvene%% of the Group aTMI Patent ChAritable Company's Lfttern￿ control. Evaluate th¢ 2ppLopriaretx¢ss of *¢COw)￿ and the reJwblu)tss of *c¢oun¢ing eslirnateq and rtlaitd dJ%closure% m*dt by thy rw%ree%. Conclud¢ on rhr 2ppropaat¢nc45 OF the GoVcmc￿￿. us¢ of the con¢¢tn basi% of accountsng and, based th¢ 2udit eviduKe obtrined. W1￿[her * rnw*Iial w)¢ery3Jnry e￿$ts related to events ox con¢btson% that rnay Docusign En¥elope IO". E6F34EF￿21￿a2&4-I￿F￿37O7eS2¢2￿? Independent Auditors. Report to the Members of Queenswood School Limited ca$L.%JgNficant doubt on the Gro￿ and PJttn¢ ch￿l[lbk Comp¥nf% abihry to contthue Is a going concern. If we conclude that a mAtenxi uTKert>]Ary exLSts. we #re ro drnw artcrtt￿tt in out 2uth'to<% repotr to the t¢iated disclosures irt the 6nanc￿l stxtements or. if such di&ciosurt* #rc Y￿de4￿#t¢, to m(xiify Our ¢)PirnO (kn coftclusions art based on the audLt e7ndence obr3Lned ￿ to the date OE our au(biod% reporr However. futyjre events or conditions may cause the Group or Parent Ch9rirabk Compxny ro crdse ro rontinut 25 a goLng concern. Evaiv*Te the overnll presertratiory Strncth￿c and c(¥ntent of the fina￿131 strternen￿ Ln¢ludmg the disclosures. and whether the finartcJ#i ST*ttmtnL4 rtprts¢nr the U￿lettylt¥ rransxtions and cyents in g manr￿[ that xthicve& fw prcKnrAuo Obtyjn sufficient appropDAre eviderfe ¥e8ardti)8 the fin￿]21 Jnfornution of the cntiues ox busLnes$ #¢UViD¢S ￿Lh1th the Gr￿P EO express an op￿￿0￿ on the consdidared fm2nckai stttements. We 9re respon￿ble lor the directH)n. suprfvLVOll and perforrNnce of adi't We rt￿dIrt solely res￿18]ble for our audit ceport. Wc Commulu￿re wrh thos¢ chazg¢d WiTh govttrtance regatdm& alr￿1g otheL rTratter%. the planned scope aTyJ mittg of fhe #udii 2nd significaftr fmding4 includmg any ￿gnifIcant defickencie5 iDternal contr()l that we idtntify during th martagtment artd tknse charged governance of the ch*iub]e cryany. Our apptoach wa% EoUtsw%". We obtaLned an urmjers￿J￿jn8 of the le821 and ttgu12tory re9UWen￿fits appbcable to the ch*irabk company and ronwitrcd that ￿ most yfjcant are the Cornp3nKs Act 2￿6. the ChatLties .4ct 2011. thc Cknry SOBP. UK fJn*nne resu]ting froTll crror, a* irtvolvt dtlLbttate conctalmenr by, for txamplt. for8¢ry OL ￿ten￿Onal M￿rePreSen[￿lI0￿5. or thrO￿h coUu5iOtt. 00￿￿9n Envd)pe ID.. EfjF34EF>F29C42y￿8AP￿3707E52c?A3 Independent Auditors. Report to the l•lembers of Queenswood School Limited Use ofout This Leport ￿ rnade solely to the chaEYtable wtnpany's rnember4. 2% 2 Ix>dy. accordance WLth Chapttr 3 of Parr 16 01 the Companie% Are Kingston Smith Ltp. Statrjiory Authto EC2A 2AP Docvwgn Envelc￿ D.. EfjF34EFsF29C429WF￿F37o7E52C?AY -￿ Sch(K>i Iimited Consobdated StatementoF F￿an(la[.￿¢￿Vl1lCS (mc1￿ling Jncome and expendinjte gctoun¢ For the yr4r thded Jlst Awt 2025 un￿s￿l￿ed ReSti1¢￿d Fw Fund5 Total Totoj Note INCOME FROM: Donauons and ieycie% Chantable ¥cuvitie% School F¢e% 34.163 13.538 47.701 870J06 I4.(￿.622 14.(h58.622 14.173.669 Trnding tyJmOVet.' Quee￿W(￿MI Enttwists Ixd Invtsrmentb Inve.sttnent income Othu Lncome 341.221 341.221 269.182 66.140 494 317 33.082 W.222 494317 37.894 Total Jncome 15051083 15601 335 EXPENDITURE ON: Ge￿trating Fuods." Tradirtg exp¢tidirute. Queensw(XMI Ent¢￿ti%¢% Ltd lrtveE(menr Mawctrterlr Costs FuttdraL4in8 CONL 134J 134.323 ,925 702 143.950 116,175 3.100 7,914 127,249 8.925 702 135,025 8.92) Charitsble knivities School 2¢uvJU¢$ Mov¢m¢rtt OA perL%iOll Provision 14y17.6JI 21.664 14.520.934 21.6fA 13.563.344 118.0441 Total Expenditure 14.664.520 22 14.686,548 13,672,549 Net Income/(Expenditure) before gains 340.143 24J92 364.535 1.928.786 Net gain51Oosses) on inve$Dxents 47264 47264 47.274 Net Iwome/(Exp¢thaitute) 340.143 71.656 411.799 1,976.060 TrAnsfets bemfeen f￿nds 19120 111s(K)> Nei rnovethetst in funds for the yeat 351.64J 60,156 411.799 1.976,060 Futid bAlancts #t I Septeml*r 2024 19.930 690 lJ49 775 21280.463 19,304.403 FUND BAtANCES at 31 Ayt 2tr25 19120 20,282 333 62 21280463 All derThr from cortuti￿ oper*uoTL%. All g]ns and 104sts rtco8nistd in the yeat2LY ￿KI￿ded in the StateA*nr of F￿￿￿la1 AciiviEieS. No COn401iany profit and k>55 accounts have been prrpared as the requiced to be disclo%ed ￿thin those fin￿cial STatements #¥¢ ￿¢0￿0rd[e￿ ￿[0 the Staten*Ar of Fujan(￿ A¢LivJties. Further detriLs of It%tricted fiJnd5 and unrcstncted ￿TrIb ate &vcn 19 2rwJ 20. Tht atcompaAying notes fornj part of thcsc finand qtatemcnts. Thetc i% t)0 m•ted difference betwttn the P￿fit or on orthnary aCtI￿￿e5 bcfote raxation and the terained profit or loss for the ytAf SYArtd above and ihF29C42A¥&4F￿3707E52c --￿ khool timited B212nce Shttt at 31%t August 2025 2024 FIXED ASSErs Tanyblt sssets Inve%tments io 25.811.739 1.510 994 24241.893 1.448.084 25J22.733 25.689,977 CURRENT AssErs Stock Debror C&4h at bank And m hand 12 14 32.488 1219.817 47.168 414.823 1 198 970 2.4￿.583 t.6(￿).961 LIABJLITIES CreditoLs'. ArtK)unts faibng due rytiwi one year 15A) 4.788.844 3.976242 NET CURRETrrf (LIABJLfIIES) 2)15281 TOTAL Assyrs LESS CURREwf LIABILITIES 23.024,472 23J74.696 CREDITORS: Amounts falkng due after mwe one year (1,540.667) P.324,3541 Pfovisions 16 TOTAL NET ASSETS 21.4Y289 21.042.490 FUNDS OF THE SCHOOL Caued up share ¢ap¥*l Restsicied funds Unrestricte&. ReV￿uall0rt LeseLve Genetai 17 23 1.409,929 23 I,M9,773 19 1.054.856 18 989 481 1.054,856 18 637.838 Toial Funds 21.454289 21 042 490 A% petmirttd by 4408 Compatues Act 2ts)6. the cotw no¢ irs own irtcorne sur¢tt)enT and The company'% %wlus for the year w&% £411,79912024." £1.976,6331 711r2026 Apptovtd bythcGovemot%gnd authonsed l0rLSSUf￿............................... 2nd on thcit bth￿fby'. H. J.deSausfflarcz........ F4y.-.. Company RegistL3Don No. IYJ040561 The accw*rtw Jwte$ form pgrt of these finartig15txtemenL%. 21 Docus¥n Én¥ekye ID.. E6F34EF>FX42&¥&•FI￿3707ES2c2A3 rrLI -￿ khool iJtThttd Cork%olidated Cash Flow Stttemettt For the ytxr ended J15r AUg￿r 2025 Nott )24 Nei cash generated ftorn operating athiviiies 21 3.790,245 Cash tlows from investing activiiies AsKr AddiDorLS P￿cha$e of ¢nvebtmenr$ Procted% ftom s41¢ of &%ed Ptoceeds ftom sale of Jnvestmertts Movement Ln Lnve4rment c&$h Inve5tsnent Lncorne Net c¥gh getsetated froty/(used itt} ityve$iitsg a¢tivifie$ io (268.8321 {1.108262) 47.968 726.953 365.663 11.729,3941 (494,892) 32,208 (382,9301 1137.288) (2,537,114} Cash flow5 from f￿ancIng activitie5 RepiyrnenE of borrowin Net in¢reasel(decrea$e) in easb and cash equivakuts 1234.9J2) P34.8651 Net incre¥¢/(d￿reIst} in Cash and ¢ash equiv¥]ents 1272.9911 1,018.266 Cash and ca51L equivaknts at the start of the year 1.665.806 647,540 Cash cash equivaknts at the end of the year lJ92.815 1,665,8 Cash and ¢¥$h equivakots of: 2025 2024 Cash In hand. aTKI ai bank Overdraft EacLb"ty lJ92,815 1.665.8th3 139281) 1065 806 DooJsvJn Envelcyo ID.. E6F34EFW2YC429￿a1FA￿3707E5?C2N3 School Limiled Notts ro tht FitiaE)tial Stattffla715 for the )Yar ended 3151 Awr 202) Accoutstytig policie$ Company inforniation 'lThr Queenswood SLhool Luniicd C'the (hxrity,) is bmI￿d by 5hatts inc0t￿rAted UL Bigknd and Walcs. The re&stEred office LS Queenswood, Half￿]d. Hertfordshll4 AL9 GNS. Basi5 of pteparaiio These finanoal Slatemenis have beeo ptepgred m 9Cco￿an[C with FRS 102 Th Fthattciz] RÈpDtth¥Stand2td *ppbcabit the UK *ttd of Irelattd" (Trs 102) and the requtretnthts of the Cotwies.4ct 21￿. The Chatirab]e Company and its subsithary are a public benefir group 15 defincd by FRS 102 and rhetEfoTt tht Chamry 2150 its firtanLi8J $ratcffteAts Jrt aLLord2nLe the Ststemenr of RtLommettded Pra¢rLe appjiiable to Lhanties pcepgnng their accounts in accordance with the F￿a￿(l￿ R¢porn￿ s￿￿d#¥d *phrable JE) tht LIK *]d Repllbknc of Iteland (The FILS 102 Chanues SORP). the CompanJc5 Act 2(Kk6. thc Chknts¢s_4ct 2011 2nd Chaniies Accounts (scotland) Rc&]]Ation5 2W6 as amended by The Ch*riDes A¢couttis (Scot1￿) Amcndmcnt (No 2) RegulaiiDns 2014. The f￿ana1] starements aic PryI￿d irt thith is the f4mCtK)nal cutrency of the coMP￿y. Monetiry wnounis th these fi￿an0#) $t*rttneAts att murtded to the Elea￿$1 Po￿7(L These 6JDna*i sr2temtM)cs art prepartd on tbe go￿8 cottcem IMS￿. undet the his¢otial cost convcniiosj 3$ Jno&"fied b}, the TtV8)u8tion of itivesimert15 And in Accordxnce vnth the Comwies Acr 2(K)6 Applic*hle accoun￿ standards in the United kinRdom. The pnncLple accounong pobc7C5. vkn(h haye been *ppbcd rort*$ttyfty thro￿10￿¢ th£ Icar. are set out below. Going Concern Th¢ &oattLial s￿lem￿lts Are on a ￿nCe￿I bJ¥& thith ¥sumes the comp2O>' WLII contJAue Ln oper2ti0rtal exisrence foi the for¢$e¢able hJNJre. The GoFetnots have isses5ed whether the v8e tsf the 8ts￿ conce￿ basis is ¥propnAie artd hAVe COll5Jdered p0$51ble events or ¢OAdiDons thaT rri￿[ cast siwficartt doubt on the Ibi]1￿ oFthe Compan3. ro COA¢iAue Is a go￿8 concem. The governo￿ havt made thts *ssesstnertE for a petiod of ai le￿￿ one !-eAt Etom tbe date of Approval OE the flnani1￿ 5r4rctn¢nis. In partLidar the goi'¢rnors haye iofisidercd and thalltsged th¢ th*nrxblt w￿p.$ fotciasts and projection5, 1ncludJng cash tIow% pupJ projectsons and the likelr knmpact of p(C55urcs on Ec¢ inccbmc The economlc OIITlook teIn￿nS uncert￿n ind cofitiff to be impatcd ￿- ififlxtJC*n. tntw COSIS And chAnge5 to goirernmeni rxxxnon polK?, specific￿Y the implemenratyon of K'.4"r and lemo￿ of mandirory ch￿]rab￿ 12X relLtf on business rntes. 'Ihe govemors Are con6denr thar the measurts thai the school ha5 tsken m telation io Eees and spendujg Pr￿n￿¢S Will tht tisk of the pupa roll dropping. ThJ5 1$ further suppotted thmugh the numbet of Lrgistrations that we have seen. .Ifrer rn3kng enquiries rhe dtraiitd ttkitw undertaken hy rhe governor% #fjd rhe mt*sttrts, thel have pllr in place haie led them FO conclude thHE there is ￿￿501)Jb]r expecrilioll that the chaatsb]e 8mup his idequate re50uKe5 to in Op￿ti0ft￿l ¢￿$t￿te and meet its ongoLng ILAbdities for the foTc5ttabk fvTYt¢ Th¢ thatirable group thetefote conttnues to adopt the pping concern basis it) pttpatmB Its rMana￿ staiement5. Basis of (￿ned ro cost C2tcgoties based on tht tstimxied zt))ounr atthburable to that activiry the ￿e￿i. These esrunates based tsA $r*ff rime 01 on floor 9tea a5 appropiiate. The ittecoveroble elemeni olV.IT ts)dudrd with the iits) to whith ir trjacrs. T￿ation Under Sectsort 505 of the 11￿0￿1¢ *ttd CoLPOr#tiO# Tax¢s.4¢t 1988 the C(KnEYdnF IS exetnpt from cettaitj taxes. Fuu accc￿nt is takert of tLY credits attach￿£ to don*tLon under 8ift Aid and dI￿￿endS. Iht C(bJnpan)"5 subs￿ is subieci io cowraLion No proFiSKm 15 made for dtlelled under F7S19 a5 the tradmg subsk4iary (￿le￿$￿rA4 Ertte¢pos¢s Ltd) cOFeJ￿n1S irs atsnual ￿7/h1¢ surplus w the ComP￿y. H T*thgible fixed 08$d$ -4ll tanwble fLxed 2ssets hekl by. the LhaDty are lor thantable PUqM)ses 2nd are shown iti the Balanie She¢r at Lo$t less accwnu]ated depTeaRDon ind ac(LUDU]ared y5np￿rnC￿r105Se$. AU as5er5 costsng fflore than £l.CKKJ are (Awr¥￿Sed. tbose C05ting less wxitttsj off ￿ the Jeat of acquLSITion unless th￿. fotm part ora 12tgei ptojett. Dtpi¢. a ptogtamme of iepaii atsd rtnovattoo tht book is substanDally Eess th3tt the presenr (or ￿5￿r1￿ce PUTPOSes of apptoxirniiely £lQ3m. TherefDf4 no pfosrysLon fot depreci2tt0n on the Ertthold land and buildin8$ 1$ made. The frtehold bwldLn85 are rewewed at1nu￿I￿ COT any poieryiyal unpwrmeot. aSSeES ol Ihe chxnty are held Cor thanrable use excepiion of those held by Queenswood Entetprise& Fixed *6$tts invesrthetsts tisttd irtvcstmtrtts ait stsitd ai ma&ct vahLC at year ¢￿d. Tht SOFA •rtch￿t$ ￿lSed and unrtahs¢d •rtd 10sge$ 2rJ$iDg frorn fhe rev8lugknQn of the iffve*lmenfs m the year. Tnt£Tests uj subsidiAncs. a550aata And y)￿dY CO￿troll¢￿1 cDriiie5 ate wtially fflca$wtd ai cosr sub5equcntly M￿SUred at ¢(h%T le*$ anj accumulared imP#iTmertT kn5￿s. The mi'tstmertT% are assessed for imwAifmenr ar each reporljng date and any impaitinent losse5 or rev￿S215 of JrnpwmenL kJ5se5 rec08n￿ urLmethdv Jn the SOF.1. Stocks Stock5 arc valued ai the lower of cosi and rtt rtlisJble valuc L£ases R¢nts]s payabk under operathjg Icasts. incltithrtg atty It*st inttniive teceLFed. are to the SOFA on * S￿lI￿h( htie basts over the texrn of the ielevant lease ￿cePt wthere anothet ITkore syslCrn31it kni5 l5 fllQfC rcprscnfative OF the tsrne pattctn in w￿ch eci)nomi¢ benefi15 from the itsse ts5ei are o)nswned. ?4 DocJJs¥Jn Envelope ID. E6F34EF>F29C42w￿fv￿37o7E52c2A3 d School limited Notes ro the Fman(ia] StstuntTrts for the >eat JISL 202) Iconiinuedj Financial Assets The Cotnpkny h4$ ekcied io apply tht Prnv￿￿s of Section J l 1Jasic Fuunciai InsrNmcnrs' sect￿ 12'0thet FLrtancial Tff %rrtthlErtts Is%i*.%' nf FR$ 1fi2 Tn #M nf its fin1ncl￿ LnstrufflenTs. Fin3ncial asscts arc recogrnstd in th¢ compan) $ 5t2tonettt of position whcn thc t¢>mpany bccomcs paffjp TO the rtrracmAI Prov￿10nS of the instnknment. F￿￿cial a55ttS and babilillts aic off5t4 with the net amoiin15 Prescntcd ￿ the finan(i3] sratemcnts. whty Thete is i legally enfotceable nght to set off the ttcoBn￿d 3mourtrs artd thtrt is JA itttttttiott to setde OTh 2 Thet kns15 or to rcalisc thc a5Xt and 8eiiie the liabjjiry simu]iarJeously. Fitiartcvdl asstrs art classiGtd itiro specified cate8ocie5. The cta55J6caiion dcpcnds OTh the narwe puq)ose of the firtancial as$er5 2nd Js deTermined at the lime of recoyitiC￿. Basic fin￿0*1 assci& wknch includc ttadc othcr TCCC￿blr5 and tash bank baimcex arc initially mca5ured ai ttansaction pnce inCh￿l￿g irAnsxoory cosrs art subsequentty carned at amornsed cosi usM8 the effeciive ifitere5t merhod, unless the arrAngerr)eni constinJre% * fm2rtcitig uao5aciioo w￿￿[C the transaciion is Tnea5uied ar rhe presenr vaille OE the tut￿￿ rec￿P￿ di5coupred at a rArt of In￿￿esL Other fJnan(iai a55ets ciawfied 25 fair value throu8h proGr ot105S ATe ffttasllttd ai fair i￿¥06 and ttceivables Trade debtors. loans and other reCe￿.￿b￿S tha¢ havc &td oi dttem)itiable payM￿t5 thai not (wted UL an aciive rnatket gre rIH￿AlfifA as ltsan% tecav*bles'. I￿2￿S and remv2hlp4 3rp rnP3YArpd 31 ￿r￿(￿rtiscd c05f u5iyi8 tht cffeciivt. inrprest mttho(t Ic$s art> ittLpairtnenL lrtt¢test is recog￿Sed by applying the eclectsve inreresi Lxcepl foi short-tern receivables when the reCO￿tion of Jyjtcrtsr wou]d be Lmmgtenal. The ¢ffe¢tive inietr$i mtthod is a fftethod of c￿culatIng the Jmorrised (051 of a debi iti$trntwiI artd of AU(Kaung the in¢ttC5r ￿¢0m£ over tht relevant peo￿. The effeaivc wtere5t r4it is tht rATe that exaaty discouftts tttimated Lutc cish tccupts throu8h thc UFKCtcd ]th of thc d(￿ m51IWT￿T to th¢ n¢1 c￿rying ort ￿ltI￿) Luognitton. ltrbpaitm¢nt oCfinarLcial a£scts Finattcial assets. other th¥￿ those he]d Ji hir thto*h ptofit 2tsd Ios& att 25SeS5al Cor ￿dICatorS oEJmpWm￿l ar each rep>rnn8 end dare. FIDAnci3J 95Ki¥ thctt thtte 15 objective evidence thar. a5 a resu]i of (￿e or tnort tvthts thxt occlltted after the initial reco￿1￿0￿ of the fts)at)ci31 asseL the esiymared fvtwe £2sh flows havt betti atTecrtd. The iifiplLrrneiit Ioss is tecogN5ed iti pmfit ot loss. DtfcCo￿ltioD of financial asse Fingncial arr derfra￿I￿a rt￿ty whert lhe. coniT3Cn]31 D8hts in the rt*h fltswg from thé xssei tXPir• Ot when it rThnsfers the assei amd Substanti2ih' AU the nsks and trw4rd5 of(￿nCEShiP ro anothtt entity. M Finalicixl liabilitits BLsii fJnartCj￿ b"abilL￿eS are uuii3U? measuTd ai Irkn%atlivn Plltt. urtttrs the arttngemeni ciJn%Trn3rus a whete the debt llLStti]meni 15 measured #r ih¢ pttstyi value olthe futwe recapts di5counied at a maTkei Tait of inl¢ftsi. Othei 6nanaai b"alK￿lI¢S classi6ed as fair vahLe thtough profil oc1055 ￿e Ineas￿ #r f*[ val Othtr fiDanciaJ Ixabiliiies Other 6nw]oai [￿bJ1)tiffj art imtttlly measured 91 fatr value. net of costs. lTr¢y art $vbxquently mtssured at amorti5ed cosr u5th8 tht ¢ffective LDtetest method. mietesi exptsse iecognystd on an effective )ield b2sLS. The effetove IrbfPTP%I mt.thth4 1.4 a n)ethd of ralnilAnn8 the arnofftvd nf z fifixnoal liahiliry •nA hf illocirth8 intere5r P￿Pn￿ nv*.T rhe re.ItV2ni peri¢xl. The effec(ive m¢ere51 rare i* the rAit thai ex- 2Ctty' th'scouttts estirn2ted fuDAre cath payrnentr% thiough thÈ LYpe£itd lifo of tho fmancifjl b.ab￿.￿. to thc nct *mOW14 Ort recytion. Dcrecogni(iOD of fitt*tscI￿ Ji*bi]iues FLnsnaal bAbthri¢s are dtrwAd wh¢tt. and onty the c(unpanl4 obbgation." dYkn8td c*nii$ with A thort JlLqtutity of three m¢xbths 01 less from tht date of aLqUi5itK>n ￿ opcnubg of the dep051E Ot simQai accounL Critiul accounting estimatcs and judgements In the App]Lcaty)o of the cotnpJAy'S a¢ th"Efer from these tsiim3res_ The estimates and unded>ryng is5umptson5 reF￿Ved on #rt on.sty￿ bAsis. Rtwions to accountthg esiimaies rtCO8ni5ed the penod UJ which the tsomatt xs Ktvystd. if the ttvision afftcts thily that or in th¢ penod of the r¢vi5ioo and funw petiods if tht tesryMon xffect5 both currenT And fuNte period> The t$titnaits aod ￿S￿mptiO￿5 *%hith have 2 siBnific2ni nsk of causifjg a matenai gdju51rnent io the catrFuJg am(wni of ￿$t[S artd liabilities ate outltsjed below. Ctiti¢al judgements Useful econ¢Jmtc lives The annul deprtOOTion thatge for property. plant and wipffleni Is 5en5Lrive to change5 in the esrifflated usefuj ecooomic ]ives And rts]dU￿ values of ihe assets. The u5cEu] e(oDomii bvts va]uts xt¢ n-assrssrd 81￿)￿ally. Thty att ImpndpA yprY%%xry ith r*.tle£F Ciittertr *g1imaTe% h*spd thi gd%incernent. AINirr. ￿YP.%tmCTrl$. er.¢mr)mir lltijisation and the physical condition OE the asset Pro￿$10n8 "rhe company makes an cstsmate of the recoTmide valuE of u¥dr artd othei debt0￿. Ivhen assessLng impxirneAt of ttade and othu debtors. tonsthts fxtots Indud￿8 the cunait cretht of thc d¢b¢oT. th¢ profile of debt0￿ and histotital txpetience. See tsote 14 for the Det catning amount of the dcbio£k Dotywgn EDveby ID. e6F34EF>F29C42IWFKF3707E52C2A3 Sch(K4 Limited Nores ￿ the Firthncjai Sttr¢tt￿ts For the yrar ended 31st AUg￿t 2025 (coniinutd) IncoJDe fri)rn clxaritable a￿lY1￿c5 Scbool Fet$ 2024 Gr058 lee Co%L% of gtherating fund5 Torai but%aties, ￿h0￿hipS ¥Dd gcants Othet discounr5 15.(A).77l 15531128 (1392.957) (1.179.948) 178.511 1592 149 J 358 459 14.068.622 14175669 Do￿tions *nd kgacies )25 24 Unte%tsi¢ted funds Leceived Rc4rritt¢d funds received 34,163 20.447 47.701 870,306 Other TDcom¢ 2025 2024 Um7s1ryrtidF¥mAr Rent retav#ble Profitl ILo45} on th%p(L%31 of ￿￿ble fLxcd asset5 Other 105551 34.741 354 025 91,718 158 566 494,317 Investment lts¢ome 2025 Intete%t oft clsh depO￿t% Othec Mt¢￿t R¢5thrtedF*Kds On knsted Lnvestment% 66.140 25,521 33.082 To¢*1 ltsvtstu*fit lo¢omt Expenditurt 20 2024 Group ditect ch2ntsble LTpet>d"Lrutt irKIth.. DepLeci2uon AudLtors' rernuneration (net of VAr)'. FOL audit- School - Eftleq>￿￿s For other KrvKe5 685.700 671221 23.1(KJ 25284 5.640 27 OotJJ*gn Envek)pe ID". E6F34EF>F29C429KK4FW3707E52C2A3 -￿ khooj Lirnited Notes to the Fti)artoaJ Sraiernents Fo£ Iht ye*r ended 31st August 2025 8 Employees a) Average ￿0th￿ly tsumbet ofethployee$ {fvll-tiDie eq￿]¥*1tnr> The average number of pe￿On$ UT¥loyed by the g￿LIp duting the Ye￿ was.. Co%ts oEgeneratsng (L￿d5 . Full time . P￿t t￿e IFfE) 2025 2024 51 24 . Full rme . P2LT time IFTE} 45 69 69 191 189 Th¢ avtw numbet ofstsff tmployed tht ye*r w*% 265 P024.. 257) b) Analysi5 of iotsl employtt costs 2024 Sv4ff co%ts dwing the ytsr. 7.851.154 120.420 843.136 981,129 7.463.377 31.028 701,729 816 657 Redund#rt¢T rem)inauot) C05ty le¥ht %tsff 2025. staff 20241 So¢tyi securtry COSL% Pen%iort ¢o%ts 9.795,839 9.012.791 Agency stsff. rrdining. health & safery. recD￿rment Movement in pensmjn p￿vIsion 121.598 21.664 222.870 (18.0441 Tts￿ staffing co%ts 9 939.101 9217017 ¢) Employee co815 The number of ￿8her paid empioytts w&*.. 20 2024 £60,(kn1 . £70,0( £70,￿1 - £BO,O( £80,(W)1 . £90,OCrf) £90.Wi- £i(KJ.Q(K) £iOO.aOi . £1 iO.(KX) £1 10.001 . £I20.(KM £I?0.001 £130.(KK £150.001 £I60.(KM £160.001 . £I70.( £170.QiX)- £I80.(KM 21 18 Pension contiibutions £293.753 P024.. £256259) wete Thde for nme (2024.. ￿ertty rhrcel higher paid employee5. No G¢>vcrnDrs rrctLvtd 2nV Uty)IuJTyAts Jn ycxt t￿cd 31 Au8USt 2025 12tr24 t)Jll 2nd G0￿mOt￿ not Itjcluded the number ofpeKson* trnploytd ry alx>ve. No GOvernV￿ w¢re ttLmbucNed expensL& Ln 202512024.. £2.411 one Governor . Key Managemeni Personnel Ky tnanagtrncnt yrwnnel iDcILxle the G¢)TErntr5 and tht senior extcutives wknch tnadc up of tht Principal. thc Bursat and th¢ Depury Hta(ls. Th¢ rotsi pay ￿e￿[S tece1v￿ bi kev Ptrsonnel were £69528212024.. £655.2771. FLve members of the key Thdnagement personnel *rt pro￿kd frec accOmm￿a00￿ ￿ order to tnable rhem ro undvrrnke >pe£Jfic fur th¢ ¥htr)112024. five). -28 DO￿￿9n en¥dope IO". E6F34EFW29C429wFp￿37o7E52c2A3 -￿j khtr)l LAmired No¢e5 ￿ the Fit)￿¢12[ Sr2tcmrnts Foi the year ended 31srAupr 2025 (C{￿lInUed) knaly5is of Total Expendilurt 201$ S￿ff Costs (incl OthET Depreci*ts) Total Cotsts ofgetset*ling fijnds Trad￿8 cxpenthrure- QUeern%woC￿ Enterpri%es Ixd Inve4ttn¢nt Managernent CosL% FundraisJt)g Cos 134J23 8.925 702 )34.323 8.925 702 Charitable Activities Educauon and boarihng Welfarc Prernises TtchrLo108y AdminLSttation cosi Governance costs 6210.659 I.108J3J 592.423 141.719 1.631.096 233.207 929.514 666,448 .425,140 372.450 497.29Q 26J95 7.140.173 1.774,781 1703323 514.169 2.128.386 260.102 685,760 P£n5ion Pfovision Movernent in prov￿0[1 21.664 21.664 9.939.101 4061 687 685.760 14.686.548 An*tysis of Total Expenditute 2024 (comparative) Stsff Costs Othet Dep￿cl&tion Tothl 2024 C051s of generating ￿ndS TLading expetKliture. Qu¢¢n%wwI Ert￿￿o$C$ Ixd Inve%rment anageffleni CosL% Funthaising Costs 116.175 3.160 7.914 116.175 3,160 7,914 Charitable Activities Educition and Ix>ardJng Wclf¥te S.W.499 1.082.470 524.442 144,442 1575.438 102.370 560251 691 J75 I.4￿.050 418.996 467.835 27.975 6.366,730 1.773,845 2.685.713 563,4J8 2.043.273 130.345 671221 Technology AdmLrustration cosrs GtsveryJartC¢ COSL% Pension provision Movement in provLwn 18.044 3783711 13672549 29 Docusign Envelope ID EÉF34EFW29C42￿wP￿3707E52c2AJ u¢¢ii)w J School Imred Nows ro the Firwwj stalen￿nts ihe year ertiEed 31st August 2025 {contmuedl io Tangibk FuKed A6$ets F￿ebold Fiymres As$eLS lattd ¥ttd Pl*ni aDd utsder Moior Buildinv Equipmeni Filt￿g* co￿1[￿Cli0￿ Vehicks Group Totsl Costs of gtmtr*ti￿ At Jlst August 2024 Additiott% Ttansftr% 22.220245 4,113.685 183.128 1637J48 85.704 113.173 113,173 795.764 29,880.215 268,832 (I 13.1731 spo%a]s 13 26 118.9 43299 At 31$¢ August 2025 22.207.019 4.185,640 2.836225 676.864 29,gY)5,748 Depreciation At 31st Augu%t 2024 Ch4Tgt for the ye#r Di%ptr%aL% 3288.699 283.764 1.791.628 327217 557,995 74.779 118,900 5,638,322 685,760 30.073 At 3l%t August 2025 . ￿90 2118845 513874 Nei Book Value Ai 3l%t Augu.%t 2025 22207,019 724J?O 717,380 162.990 23.81 I 739 At 31st AugLL$t 2024 2222024) 824.986 845.720 113.173 237.769 24241.893 Thrrt i4 i fixed Ch￿ with the b*ttk ovtt the i*id *]d Wifigs included aknve. Fteehoid lathd ar￿ Plant and Moto Buildijw Equiptheot FinitiKS Cott$Trn¢liOtt Vthi¢ie$ Assets Coo)potty under Total Cost or Valuation Ai 31&EAugus1 2G24 A(idiuons TTrn%fers Dlsposals 22220245 4.113.685 183.128 1637,348 85.704 113.173 113,173 795,764 29.880.215 268.832 (113.1731 13 43 Ai 31st Auwst 2025 22 4 l85(>40 ￿25 676 864 29 905 748 Dtprtciatio Ar 31￿[ Augusr 2024 Charge lor the yeAr DLsposaL 3288.699 283,764 1,791.628 327.217 557,995 74.779 5,638,322 685.760 230 073 Ar 314t A￿8￿￿r 2025 2118845 513874 Ntt B(￿k Value At 31.%t August 2025 22207.019 717 162.990 23,811.739 Ar )Ist 2024 22220 824.986 845.720 I 13.175 237.769 24241.893 30 Docusi9n Enveknpe ID.. E6F3IEF>F29C4￿￿A￿37O7E$2C2A3 J S¢hool Liffltttd No￿5 ro the FJn#ncJal Statemvnts ' Fo¥ th¢ year ended 31st Ayt 2025 Irottonutd) Tangible Fixed As$ety {¢ontinued) Frcehold Lqnd and buIld￿8S at ¢o%r or ¥*]￿0￿n itidude% £2J95.421 at 3l%t Match 1979 revalued on the ba￿5 of re-jA￿r2ten￿nt coqt less aliowdnce foc agc aEr¢r Eakitjg a¢ X Jo Hitnbro Cap Johcm Uk Eg lrtc Bhckr(Kk Fund M#n4eL% Lrd Bi Cif Ishs Am E9 tdx Fd UK 462,902 73.140 81.449 96.480 99,647 126.633 187.197 31 Docu*gn Envebpe ID." EfjF34EF>F29C4294-&4FM3707E52C2A3 EriiSW Schwl LI￿led to the Firw)¢ia] SraTetWlL% For the ye2t eE)ded 31ST Auwi 21Y25 (corttirtued) li FAxed Asset Investments (eootinued) The Company owns l(MYh of the e9uiry of the (ollowujg 5utL%WJ￿ry. wbith was mKo￿ord[¢d UL Englaod and Wales. Costs 0£￿0¢￿ting funds QueeThsw￿d Enteq>nses LAmited Holding Nawte ofb￿l￿es¥ Managernrnr of the lemng of Queenswood SchLM)I LTd'$ f2uh"rie$ ro ¢xrtmal cb¢nts. The awegate amount ofcgwtai gnd t&4crves and the Lcsutts of thts Urtde￿ Eor the rekv4nt fthancia] year ?% follows Capitsj *tsd rtserv¢s Pmfit Cor the year 2•25 (&ett)swood Entttprise% Ljmited 237,973 237.973 106,769 59,427 D￿lti8 tht fLnanciaJ year QuttnSw(Kxl S(hotsl tjmitcd madt [CCh￿ OE LI￿),129 P024." £96,082) to Queenqwood Enterpnse% tArnlted Ln respect of facLiities and stsff ciists ￿s0 dwing the year (bttnswood Ente￿Ase% mgde a di%ttibuDott oE£I06.76912024." £60,(KM)l tt> Qwen%wotyl khool Limir¢d At the ba]ance shc¢t date Qucenswood Sch￿[ Limited owed to Queenwood Ente￿nSeS ljrnited £289.767 12024.. Q￿enSw(m￿j Sch￿1 t￿ted Owtd by QuÈtL4wood Entt￿rISt4 limired £5.945). Siocks Group Compatty 20 2024 Good4 Eor reuje 32.488 47,168 32.488 47.168 Financial Instrurntnts Group Company 2025 Catryiti¥ *mouni of ¥sseTS Debt in$tnJments at amornsed cost 819.812 255 160 210 555 Catryithg *moutsi of fitw)ci￿ li*bilities Me&%uted at arkx>￿isCd cost 3 865.678 3.813 881 14 Debtors Company 20 2024 Ehje ￿thirt tsnt ytsr. School fees ProvislOA for doubtfuj debts Tradt d¢bcor% Picwdymtnts and acctua incomt Tax & 5ooal Sttu£iry Amounrs du¢ From group undexTaknn 927.8Jl (328J411 ?20J92 473.639 JH.977 (257.8461 166.029 206.545 927.831 1328J41) 148.727 471,6(￿> 344.977 1257,846) l17.479 204.268 459 705 1219817 414 823 £499.940 Jncluded iti the %chool fee debtoc bkn R]arts to VAT ei¢meni of Ttm 2025 fee% which weLe not paid pnor io the ytsr ej￿. 32 Docusign ID.. E6F34EFw29C42W&4F￿FJ7D7gS2c2A3 Schovl Eimittd Nores ro the Fin2rtcJai ST2retr*nts For the yw ended 31stAwr 2025 (continued) Gtoup Company a) Amounts f*Uing due wAthin year. 2024 2024 Current irisrknnts due ¢)rt depw'ts 15d) Ttade creditor6 School fees irt adwAnct H￿¢ putchasc thd fitt4txct [￿St$ Bank loan Bank Oveknfr Other t￿ation 2nd %ocial sccunry costs Oth¢L cteditots AccTU8L% and deferred income Amounrs duc to gtOLT urbduth>g5 VAT payable 277.966 606.986 ? 135.077 250.557 211.450 2.670.736 277,966 606,846 2.135.077 250,557 211,450 2,670,736 234.932 234,932 234.932 234.932 211.175 128,t74 126J35 l62J6l 150J15 347.688 211.175 128,174 71.741 289.767 162,361 l50.315 295.891 4.049.987 4.788.844 3 976 242 b) Movemertt on deferred iocome Group Compatty )25 2024 DeftLred income brought Forward Reltssed in year New prow%itsn #d(led 3.176.729 2.033.015 13.131.6l8) {1.965.0831 2288247 3.108.797 3.176.729 2.033,015 13.131,6181 (1.965.083} 2288 247 3 108 797 DefeLred caiaed foThv3rd 33.358 3 176.729 2.333.3i8 3.176,729 The deferred Jncome balance relates to cemitr*nce* trceived iti rtSP¢CT of Kh(K)I fees for fijturc ye2LS. Gmup Cotnp*ny C) Amounts falling due after mote than One yar. 2024 2024 School f¢e4 dep051ts School fee4 Jn ￿Val￿e Bank tx>an Finance tAse 1.173074 2?33 Ji8 681.410 1387.509 3.176.729 916.341 1.173.874 2J33J58 681.410 1.387,509 3,176,729 916,341 4.188.642 5.480.579 4.188.642 5.480,579 Less.. Arn￿nts dur within cM)e yeat School fees depo￿ School fee% Ln adw4nce Bank Lo Fujance Le*%e 1277.966) P>O,>571 11135.074 12,670.7361 (254.9321 (234,93 1277.9661 1250,557) 12.13i,077) P.670,736) 1234.932) ID4,932) P.647.975} (3.156,2251 12.647.975) 13,156225) 1.540.667 The school h*4 2 10 yeat ￿e￿ble loan EgcJb"ty 5trxung ￿ Juty 2018 tepyabie iti e4Ld monthly instakn%Ats wirh an interest rAte of 195/ts pet annum over the rdte. d) Matyfity of financial liabi]iiie5 Comparty 2024 The fee depomts ard fr￿ Sn advaOC¢ Jwtutr as folhws.. Within (Int year BeNveen two and five yeats After fivt yets.% The batkk lo*n is ttp2yable Ls follows.. Within tsne ytsr B￿rween two and five yeatg AfteL five vear 277.966 715.871 250,557 870.923 277.966 71i,871 180 037 250,557 870.923 266 029 234.932 446.478 234.932 681.409 234.932 446.478 234.932 681,409 33 DorxJ51gn Ell￿10pe D. E6Fj4EF￿2￿29¥8lF￿J707ES?c2A3 ¢¢JLNW Sch￿[ limjttd Nores ro the Ftij¥ti¢l￿ Staternents For the year ended 31qt August 2025 Irontsnued) . 16 a) Provisiofts for knabiknties and charges GTh)up Company 2025 Pension provisio At I Septernber 2024 (Deciea.scl/ Incre&$e Ar 31 Auw%r 2025 7,852 21.()64 2).896 7.852 21.f>64 25.896 Tht school tecory%es £29.516 (2Q24.. £7.8521 of pensM)n p(OVLwn on its Bthn¢e Slxeet relat￿tI w th¢ clos£d pertqion 4cheme. The PrO￿%￿n is attEibJr2bie to The Growth.Pian Pen5Lon. th¢ *chool unli Kevi¢w this liabiliry on an annual basis. b) P051 Balance Sheet Evenr The school h2% e￿ted The Gro￿ Plan Pension Kheme &% 31 30 septem1￿[ 2024. A dtbi C￿ withdn]wa] (Section 751 w3% calculated Ind is r¢fltcred ￿ the Ir be noled thar th¢Lt ￿ a kgai case pre%Th(d by the Tnr*r¢e of Growth Plan w the Court to ptovide clallry on TrT calculation ofmembet benefits Due to unceruinry. tht TnJ%Tee of Groth Plan not certify Section 75 debt l￿01 *fLei the col￿ pIoceeding5 have coknkuded. The Cout( is expected beC￿e ertd 012025. 17 Share C*pii*l 2024 Allotted. called tsp and fully paid.. 23 Governots, sh#re% of £1 e¥h 23 Oocu5V4n Envelope ID.. EfjF34EF>F29C42whF￿37Q7E$2c2A3 Queensw(KA khool lJmited Nores EO the F￿anCial Statements Foc the ended 315t Auwqt 2025 Iconiinuedj 18 AJ]oc8tion of ihe Group Nti Assets 2025 Fixed A55ets CurreDI 5e15 Ternl Liabth"ti£s Pmvi&ioDS Total The net *%str% held fot the *5 follow%". Re5tnctcd Mnds Unr¥btsicred fun¢l¥'. General ceserve% I JIO.994 98.935 1.409.929 ?3.8ll 739 1.95922J 1.540.6G7 SIG 23811 739 1.860 516 Allocation of the Group Nei Assets 2024 (comparative) Fixed Assets CuNeDt A$5ets Ttrnx Liabili Investments Provisions Total The ner as%ers gre hdd fot the vanou% fuAds *$ follows". Restncied fund5 u￿&￿rUcted Eund5'. GenerAI reserves 1.248.084 iot.689 lJ49.773 24.241893 l.978.997 324J54 852 19,930.690 24 1877.308 24 852 21 19 UDrestiicted FuDds Movements At Jbt August At3bt August Inve511neiit Group TraD5fers 25 URre%wcttd.. c￿e￿ up sh￿t c¥pitsl GeneTrl Rev￿uaTIon i&%erve 23 18,875.811 1,054.856 15.1MN.463 114.664.3201 19.227,454 1.054,856 19930690 14.664 520 20 282J33 31st August 2024 3ts1 August 2025 Company Resources ExpEnded Resources TThtssfers Unc¢5tticred. Called up share capital Gent Revaluatyon reqetve 23 18.637.838 1.054.856 23 18,989.481 1,054.856 14.870.140 (14529.9971 19.692 717 14870140 14 i29.997 20 044 360 55 Docusign En￿10￿¢ ID. EfjF34EF>F29C42gA4AFW3707E52C2A3 School ￿mIE¢d NoiLq ro the Firurthl Srater*n FOT the ycar ended 31st Auwi 2025 Ici)niinuedJ 20 Re$tri¢*d Funds Moyemett Rts"uicfed compvse the following unexpended bA]2oce of dDllallOti$ and sr4nrs hekl on tnk$t to be apph"¢d fot butsari¢4 to fuknd wL%' tduc#uort irl QueetL%WOtxI Schoo] Iirnited. and sum5 Scr aside fot tvwrt d¢veloprncnL At 1st Septethber 2024 Ar 3l$t Traosfety August 2025 Costs of genetatmg funds IneothK Expenditure Gains Piizei. kho]u5hip5. Bursaac The Handots GLft Other 92. 1254.017 2.038 44.582 {IA031 (20.4251 93.144 1,313,938 47.264 111.5(M)) 1349.773 46.620 47.264 tl.S(H) 1 409 929 The Hartdoo Gift relares to a SPtcifi¢ (ttsnAtion which txen treated ttqtti¢red fi]Jxl #s per rh¢ and coodiuorts of th¢ H2nd(x> Ttw%t tked. The Handoo Gtfi fijnds a which is irttttjdd to expaThJ the global VL$Hin of the school And exposure of $wdettis ro thveTMty and thfference The Ptizes, Scholatships, BurWit% & Gr*nL% rehtrs w hyswIic￿ pfts mtended for 3s(KLqted ttasons. The Other fund rel2te% to a small rtumbtt of hi%tOLiC￿ yfis with 5PCtifit differertr pvwse8 but whose ￿luC was not enough io jubufy their own fund. 21 RecoYAciliation of cbats8e$ in tesourtes io Nei Cash {outflows)/IDllows fiom Opetatmg ActivAtits 2025 2024 Net incomiThg reSoU￿t5 for the ye*r to dare 4ll.799 1.976.060 Adjustmenrs for. Inrerest cecejved (99222) 1472641 {Y,741} 685,760 21.664 1833,7461 {l9.701} 14,680 137,8941 147.2751 on investsnenr LoK5/(prtsfitl &sposa] OE fLxed 1%4ets Drpie