Reglstered number: 01090034 Charlty number.. 311061 LOCKERS PARK SCHOOL TRUST (A Company Llmlted by Guarantee) TRUSTEES, REPORT AND FINANCIAL 8TATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
LOCKERS PARK SCHOOL TRUST {A Company Llmlted by Guarantee) CONTENTS Page Rof•rnnc• and Admlnlstratlv• Detalls of the School, hts Truste•8 and Advlsers Trustsu. R•port 2-11 Trusts. R•spon•lbllltl•s Statement 12 Indep•ndont Audltor8' Report on tho Flnanclul Statements 13-16 ststem•nt of Flnanclal Actlvltl•s 17 Balanc• She•t 18.19 Stat•m•nt of Cash Flows 20 Not•s to th• FlnaTrclal Stat•m•nls
LOCKERS PARK SCHOOL TRUST IA Company Llmlted by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE SCHOOL. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trusteès C Lister, Chair O Abel Smith K Eddison S N TaOr lappoinled 1 April 20261 D H Curlley lappoinlod 1 April 20261 A W M Land lappoinled 1 April 20261 J R Marray lapwinted 1 Aprfl 20261 S Lancasl$r (resigned 31 March 20261 T Lloyd-Baker Ireslgned 31 March 20261 A L Hutlon-North IrÈsigned 31 March 20261 8 Choraria (resigned 31 March 20261 D EldrfdgÈ Ire8igned 31 March 20261 S Baldock Ireslgn8d 31 March 20261 J Snox811 lièslgned 31 March 20261 Cofflpany rnglst•rgd numb•r 01090034 Charlty r•gl•t•r•d numb•r 3111 R•9lst•r•d offlrA Lockers Park School Lockers Park Lane Hemel Hempstead Hertfordshire HP1 1TL Company s•crntary D Martln Indop•nd•nt 8udltorn Haslers Assurance LLP Chartered Accountants Old Station Road Loughton Essex IG10 4PL Bankern HSBC Bank Pl welw Gar(len City Hertfordshlre AL8 6BH Page 1
LOCKERS PARK SCHOOL TRUST IA Company Limlted by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees piesenl Ihelr annual report together wllh the audited financial stalements of the School for the year 1 September 2024 10 31 August 2025. The Annual Report serve5 the purposes of both a Trustees, report and a directors. report under company law. Thè Trustees confirm that the Annual Report and financial statemenis ol the charflable company comply wlth the current stalulory requiremenly, the requlrements of the chadtable companls gov8ming document and the provisions of the Slalement of Recommended Practlce ISORPI applicable lo charitles preparing their accounts in accordance with the Finèncial Reporting Standard applicable In the UK and Republic of Ir81and IFRS1021 leff&cUve 1 January 20191. Lockers Park School Trust Limlt8d Is 8 legal entity that part owns125%1 and lease5 the land, buildlngs and other assets of the SGhool175DAI. The School Is a charifable company limited by guarantee, IhereforÈ Ihe memb&rs of the Governing Body ar8 also the directors and ITUStee8 of the charltable company. In addition, the members of th• Govtrrning Body ar8 also the School's company memb8rs. The G0mIng Body Is re5ponslble ond Ilable for the govemance and funclionSng of tho School and the strateglc dlrgcllon of Ihe school. OblectSves and ¥¢tsvltl•• a. Pollcl•• •nd obloctlve• The prlndpal objects of the Trust are.. lo promote and provlde for the advancemenl of educ811on and In connectlon therewhh lo conduct, carry on, a¢JJuire andlor develop in the Unlle(l Kingdom {or In any other country) any boarding or day School gr schools for Ihe education of children. to provide facilitie5 for reGrealion and olh&r lè18ur8 Ilme occupation for children In the in18rests of their soclal welfare. In setting ob8¢11ve3 and planning lor acllvlties, the Tw$lees have glven due conslderallon lo general gUdanCe published by the Charity Cornmisslon relating lo public benefit, Including the guidance 'Public benefit.. running charfly IP821'. b. Str8t•gles for achleving obJ•etiv?• The Govomor$ arg responslbla for the overall management and control of Lockers Park School Trust Limlted and meet al leasl lomily lo review and 8ppmve any grant applicaiions above the agreed budget and manage the operational 8sp8c15 01 the Trust's aclivilies. In 8ddilion, th8 Gov8rnors meet ragularly, nomi81ty 8t least onc year, lo revlew and dSscugs Strategy. Page 2
LOCKERS PARK SCHOOL TRUST {A Company Llmited by Guarantse) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Obl•¢tlveJ and actlvities (eontlnu•dl c. Activiti•s undertakan to achl•v• abl•¢tlve8 Lockefs Park enjoys 8 long history. Ihls herltage and its traditions helps 10 shape the characlar of the school, staff and puplls. It aims lo Inspire a lifelong love of leaming in every child who enters the school, and offer a first class, all round gduc3lion Ihal PTovid8s academic progression, abundant opportunities and strong pastoral principles. Complementing this Is the work to grow self confidenc8, celebrate individu8lily, build resilience and cultivate 30ci81 interactlon, in8Ullln9 Sn each pupil morals and values that la51 a Illet+me. The school has pul huge emphasis on developing leaming skills within the children. Staff have been trained in helplng children "learn how lo learn" Imetscognlllonl. The school'$ Learner ProlSle 15 central lo th15 and provldes cornerstone whlch we refer to when plannlng both curriculaT 8nd co currlcular events. Our key le8rner attrlbutes are a8 follows.. LOCKf.RS PARK- I.F.ARN rR PR()FI L.E OLObAL INQUISITIVI WE TIIINKABOUT WE KNOW I)KS1.LVES AND ()THEK% ASPIRATIONAL ¢RIATM LOCKERS PARK r IVANT IOBF SIN¢I. 1874 WE (NII)Y NIW CHALLENGES cotL4iOUTrVi IIIILKNT WE KEEP GOINfi WI. WORK TOGI.THÈR The language is èmbedded with boys, staff and parenls and 18 an integral part of the rewards systew. The aim is to ènsure that when pupils leave Lockers Park, they are equlpped with the skills and altribules to thrive in Year 9 and beyond. For exampl8, Year 6 look part in a Maths problgrn solving day which requirèd CollatratIOn, resilienGe and creative thinking. The L8amèr Profile gives a focus for staff io plan around. In addition, staff are encovraged to create opportunities for planning and delivering the STEM subjects in an inlegraled w8y. For the next academic year, the Arts will be included within this., ther8by creating STEAM. This will continue to evolv8 Wlthin ihe br08d wrriculum. Page 3
LOCKERS PARK SCHOOL TRUST IA Company Llmited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Oblectlvfj¥ and actlvltles Icontlnued) The school is PToud of the diverse backgrounds of lh8 school community and encourages all pupils lo share their beliefs, traditions and cuKural celebrations. Thls allows the whola school communlty to learn about ond appreclple dlfferenl cultures and values. Academic success Is calebralgd alongslde the muslcal, gdng, 8porUng and co curricular achlevèmenl3 of th8 pupils. and the school aims to help them discover hidden talenls and initiate lifelong passlons along the way. The School contlnues 10 811ract boarders and flexi b08rders from UK residènt famllie8 and overseas families. The Boarding House is a Ihrivlng part of the School community. The focus Is on conllnuing to dgliver academlc excellence and to actively mainlaln childrèn's mental wellbeing th outstanding pastorBI c8r8. At 811 limes the dual mlssion has been to support and educate, wlth safety and wellbelng as a trtllcal Gon5ideratlon. As has been tho ease since tho eslablishmenl of Lockeis Park Sn 1874, 115 principal acts'vits'es continue lo be the provl8lon ol educallon In a day and b08r(Ilng school. and Ihls year Lockers Park overag8d 192 puplls12024". 204 pupllsl. The School wlll continue lo offer a high quallly, rounded educallon to All pupI18, and provlde a slimulallng18amSng envbronmenl in which pupils can develop their acadamlc potentlal to th8 full. Pupils are given lh8 opportunity to experfÈn¢o 8 broad range of intellectual, cultural, sporting and wider communlly influences and withln the extènded day the chlldren wlll often develop grèat frfendshlps and soclal Skills as thay interact Sn a les5 fomial sottlng. d. Grant4)iaklng pollcl•• Thls year thè v81ue of scholarshlp 8nd bursary awards made to 28 pupils out of unreslricled funds was £53,025 and £54,819 respectlvely (2024.. 31 pupils.. £40.442 and £66,3921- Applications for bursary award5 are considered by the Dlreclors and awards made on the b88is of flnancial infomiauon provided by the parenllsl and wlhln parameters sel by the Dimclors. Page 4
LOCKERS PARK SCHOOL TRUST {A Company Limitèd by Guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Obl?ctlv•s and actlvltlgs Icontlnuedl •. Maln actlvltles undertaken to further the School's purposes for th• publlc b•nofit Fu ralsln Throughout the school year. Staff and students conllnue lo r8lse funds fo8 exiernal charitigs. From these efforts over £3.000 was donated to the following charities-. Children in Need DENS Save the Chlldren Poppy Appeal on behalf of the Brfllsh Leglon McMi118n Collell School Charfle Waller Twsl Followlng on from the successlul 13unch of the 150th Centenary Fund, mon185 continued lo bè colléded for the provi8ion ol a Woodland Food Technology Sulle. The balance of Ihls Fund 8tands at £133.651. Su Sn Bursa Aided PLt ock The school continues to work c1068ly with sènior schools lo enable boys from less advantaged backgrounds, currently recelving bursarial support from Lockers Park, lo continue to benefit from financl81 a5slstance after Iransillon. In addlllon, the School has supported current pupils through means tested hardshlp provisSon when farnilies find that Ihey are no longer 8ble lo afford the full school fees. The School welcomes 8nd celebrates pupils from all backgrounds. Lockers Park Is committed lo widening access for le88 advantaged families via its meAn8 tested bursary provision. ademic ner wtlh th tale Sector The 8chool has ntinUed to Invest in academic partn8rshlps wblh bcal stgle schools, Including Snviling other puplls lo attend lessons and workshops as w811 as sporting aclSwlies and events, such 88 football 8nd cross county. The sthool has also invited the Coll81 School Coffee van. which is run by thgir students in order to provide work experience, to Participate al chadty events and to off8r ad hoc coffee stops for parent5 8nd staff. Page 5
LOCKERS PARK SCHOOL TRUST IA Company Llmlted by Guarantè•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Objoctlves and actlvltles 1contlnul Achlevefflents gnd perfomiance Maln •chlevom•ntJ of the School Lockers Park conllnues lo provlde 1e8chlng In sm811 Classes in a sale, ¢8ng and nurturfng environment ¥thIn the beautlful grounds. comblnlng tradition wlth foM8rd looklng progre$slon. Uniquely. the school supports ils parents by provldlng a fully Ilexlble wraparound provlslon from 7.30am to 7.30pm for pupils, at no 8ddlllonal cost lo parents. The parents éspecially appreclale that the school requlre$ no notic8 for this servlcè. The School provldes a wide variety of Clubs and acliwlles, and pupils also benefit from the School's extended day, enabling them to accelerale their progress. Thè School's academic results are excellent and represent very signiflcanl 'added value. from the baseline sat as pupi13 enter the School. Th8 pupils continue lo flourish and demonslrale significant personal development In a wlde varlety of areos, achlevlng hbgh slondards across the curriculum and particularly in sport, drama, art and muslc. The school confjnues lo dcvelop and enhance Its already broad curriculum to ensure that the pupils are equipped with the knowl8dg8, skills, and axamln81ion success85 Ihal poslllon them for an outstanding st8rt In Ilfe and insplres wilhln them the confidence to challenge convenllon and continu8 as inquisitive leamers. D•rn8nd for plac88 continuas to grow and the academlc year ended with 189 pupils. Whi18 this was (gown from the PreoUS year, Interest in the School Is strong. 1115 falr to say th81, along th all Indopendenl Schools. the Imposition of VAT on school lees by the Govarnmènl during thSs repon9 porfod hBve hod a detrim8nt81 #ffecl on both curronl numbers and In total enquiries. The school is proud that once again all Year 8 leavers progressed lo a range of Dutslanding senior schools including Harrow, Eton, Rugby, St ban5, Radley and Oundle and flve were awarded scholarships.. Academlc 111. Dr8ma111 Art111. and Sport111 b, K•y p•rfomi8nc• Indl¢ator8 Acc8SS to Senior Schools - consislenl success with boys gaining entry lo top Senior schools vla entry tests in Year's 6. 7 & 8. Boys demonstr3ng progress in Standardlsed tests In Intemal English and Maths External recognltlon through scholarship 8waTds, both acadgmlc and non academlo The school was 8 finalist in Ihg Independant Schools of Ihe Year award8 in the category Df B8St BO School. Page 6
LOCKERS PARK SCHOOL TRUST IA Company Llmited by Guarantee} TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achlev•m8nts and performance Icontlnufjd) c. Revlow of actlvitles Re51dentlal Trfps The annual skl Irlp was as popular as ever with thos y8arfs group going lo Italy. Our As8lStanl Head co curricular continu68 10 ensure that sludenls benefit from a wid8 variety ol trips lo bToadgn thelr experience, A parts'cular hSghllght was the Year 8 vlslt lo the l¥19 ol Wlghl actlvily cenlre. bl Sport Sport contlnues lo be a part of daily life al Lockers Park. Ml the boys in the Prep School hsvo dally coachad sport lessons and all have the opportunbly to reprèsent the School in matches against other schools. In addition lo the maln sports of loolball, rugby and cricket. the puplls lake part In fendng, table tennis, skilng, hockgy, goll, badminton. squash, basketball, athletics, cross country and swlmming. Fixlures against other schools and In nallonal comp&tillons ensured the pupils received plenty ol opportunitiès lo demonstrate their abilities. The Pre Prep pup115 lake regular PE lessons and mak8 use of all availabl8 lacililies. NaKi year wll see our crickel8r5 return to South Africa where they will hove th& opportunity to play local s¢hoo18 and to enjoy Ihg culture that South Afrlca has to offer. Music Lockers Park contlnues Its strong mu$lcal Iradillon, ithlh ovèr 60% of puplls enjong IndIdal music le880ns In 8ddllon to timelabled class music. dl Drama The pupils continue lo receive drama lessons with 8 1 OOOA pass rate in LAMDA ex8ms. Two productions were staged whieh provided opportunities for all puplls lo partlclpalè In. Other Extr8 Currtculgr Activities The puplls are encouraged lo try new experl8nce5 and the school f8cililales opportunllles for thls. The Art Extension Group was again very w811 attendod Ihroughoul the y8ar. The school'5 very own Scout Troop, Cub Pack and 888ver Colony continue lo offer 8 diverse rangè of activities inlenosed tD h8lp chiSdr¥n develop skills complimentary lo those leamed in the classroom, whilst having lots of fun as part of this naOnal movement. The Chess Club is popular, with boys glvlng up thelr break lime to play games. Membership of the Eco Commlllee and School Council is sought after by many pupils. In free tirne, the pupils many be found buildlng camps withln our exlenslve ground5,' playing table lennl$,' pool and table football.. or plawng games organised by members of staff. The Boarding Hous8 continues lo offer a full calendar of events and outings. The take up of this has been hlgh with many events being oversubscribed. Friends of Lockers Park The Friends of Locker5 Park IFOLPI host a serles of social and fundraising events for parents and pupils each year with an aim of both raislng money for the school and local charfties as well as bringlng logether p8renls, staff and pupils lo promote a real community al Lockers Park. The TnJstee5 wish lo extend their gratitude lo the Fri8nds for their sterting fundraising support and the b8nefil Ihls brings lo the School. Paye 7
LOCKERS PARK SCHOOL TRUST IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements and p•rfomiance Icontlnuedl This year the Friends were able lo host a number of popular ev8nts including the annual Summer B811, Ihls year based upon a James Bond theme The Friends conlSnue lo donate funds lo the school lo tha benefit of the whole school communlty. d. Factors r•l•¥ant to achieve obl•ctSvo A comprehen51V8 Staff training prograrnme was put in place coverin9 subje¢ls such as Mental Health Firsl Aid, s18ff coaching, leachlng children with Aullsllc Spectrum Dl8order IASDI and rugby safety coaching. The school has recently developed a strong Forosl School offer. and the Boarding House has expanded the range and quanllly of ovenls that have proved popular wllh pupils. Invfj$tments madt to •nh•nc• 8kllli and fa¢llltl•8 A capftal inve51menl In excess of £190k w89 spent on the followng projgct8.' Replacemanl of all Cornpulèrs In the IT Sulle Naw bollers for Dormltories Purchase and Inslallalion of a new Outdoor Classroom Acoustic PanelB for the Dinlng Room Improvernenls lo Electrical and Fire Delecdon Systems Installation of an Ansul Fire Suppression System in the Kitchens Additional classroom furniture Investment In improved WIFI, laptops. Ipad8 and Interactlve screens Updallng of grounds equipment lrnprovemenls tD the extarnal Swimming Pool f. In¢om• g•n•ratlon The school contlnues lo work with Cascade Camp durlng the school hollday pertod8 and domand for the holld8y day camp places. remalns strong. . Inv•stment p?Iley and perfomi•n¢• These are gov8rned by the Memorandum and Artides of the Company. Flnancl41 revlew . Golng concem After maklng approprfate enquirie5, the trust885 have a reasonable expèct811on that the School has adequate r8sources to continue in operational existence for the foresefjable future. For thls reason, they continue lo adopt the going concem basi5 in preparing the financial slaternents. Further detai15 fegarding the adoption ol the going concem basis can be found in the accounlino policies. Page 8
LOCKERS PARK SCHOOL TRUST IA Company Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 AUGUST 2025 b. R•s•rv8s pollcy The Ch8rlty Commission requlres all charities to adopt a formal policy In respect of their fbnandal Teserve8 and exp181n lor what futur¢ needs. opportunities. rLsntingencl•s and risks thèy are required. The Governorg earefully monitor the school's performance and cash flow to ensure it maintaln5 sufficient free reserves and liquid assets for its future operations and working capital needs. As at 31 August 2025, the school had total unrestrfcted reserves of £3,376,508 12024.. £3,391,392) ol whlch £147,665 12024.. £144,523) were held as Designated Funds for school development 8nd capital expenditure projects and th8 Tèm8inder as General Funds. The Governors, pollcy Ss th81 free resetves, defined as General funds less fixgd 855ets, should represent ba0 8-12 weeks expendlture (£0.61 m £0.92rn1 bul may vary outside of this depending on the statu5 01 school developmenl plans. As al 31 August 2025, Ihe School held fre8 reserves (free reserves represent unresiricted funds after deducting designated funds and fixed assets) of £1.099,16212024.' £1,100,3421. Whlle Ihls exceeds the sum raquired to cover 12 weeks of expenditure. Govemors wish lo lake a cautious approach in m8inlalning sufflclonl reserves. due lo regulatory changes resulting from the imposition of VAT and Ihg currènt volatillty 8ffec(ing the independent sèctor, Govemor$ are also committed to malnlalnlng ttte hlgh level of ac8dernic excellence wllhin the School and continuing to invest in (he capital infr88lructure. ¢. Flnanclal rlsk m•nagam•nt obl•ctlvos and poll¢l•8 The Dlreclors contlnu8 to r&view the School's acllvllies. particularfy with regard lo major rfsks that may arfse from tlme to lime, and lo monllor the effecllveness of the system of inlemal controls and other viable means, Including insurance cover where appropdate, by which Ih05e rlsks already Identified by the Directors can best bg mitigatad. Page 9
LOCKERS PARK SCHOOL TRUST (A Company Llrnlted by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Stru¢tur•, govgmanc• and management Constitution Lockers Park Govemors are 8ppolntsd as and when required al a meeung of the Lockers Park School board on th8 basis of nominations received from the Tnjslees and Headmaster, having taken appropriate soundings from other interested parties including staff and parents. Selection is made from candld8tes wlth dlfferlng professional qualifications l 8XP8rignceg lo ensure a wide range af skills are available. The Dlrectors of the Company 8re the Governors of the School and a180 the Trustee3 of the Ch8ri1y. The Directors are elactod at a Diredors, Me8Jng and only lh8 exisllng Directors are enltlad lo nornlnate and appoint new Dlrectors. Chrfs Llsler Ichairl Oliver Abel Smith (Chair Rttmun8ralion. Govemance and Nominations Committee and Oeslgnal8d Governor for Safoguardingl Sam 8aldock (Chair- Educatson Committee) (Resigned 31 March 2026} Justin Snoxall IChalr- Fln8nce & G8neral Purpos05 Commbtteel IResign8d 31 March 20261 Kir5ty Eddlson stBfford L8ncaster IResSgned 31 March 20261 Tristan Lloyd Baker IR8slgned 31 March 20261 Anna Hutton North (Designaled Govarnor for Marketlngl IRg$lgngd 31 March 2026) Doniel Eldridge (Resigned 31 March 20261 Bhovna Choraria (Resigned 31 Marth 20261 Simon Nlcholas Taylor (Appolnled 1 Aprfl 20261 David Harry Curfey (Appointed 1 April 20261 Alast8ir Wllllam Martin Land (Appointed 1 April 20261 Judlth Rowena M8rray (Appointed 1 Aprfl 20261 Gavin Taylor Noeleen Corrigan Tim Dawes Dean Martin Headrnasler Dppuly Head Oireclor of Studles Head ol Operatlon8 The Full Board of Trustees meet at least once a tem to provlde oversight of the management and operatlon of the School. Elements of this oversight is delegated lo sub commillees of the board which are chaired by indivldual Dlr8ctors'. The Flnance & Genoral Purposes Cornmittee Ichaired by Mr J. Snoxalll, the Education Committee Ichaired by Mr S. Baldockl, and the Rernunerallon, Govemance & Nomination5 Committee l¢haired by Mr O. Abel Smith who is also the d85ignaled Govèmor for Safeguarding). These Comrniltees meet at least once a term, prior to the full Board meeting. New Trustees are requlred lo toke part In Induction Iralning programmes providgd by the Association of Governing Bodies of Independent Schools anLI other bodies. They 8re inducted into th• workings of Lockers Park through a visits proyr8wnme, discussion and an Introductory pack. Pago 10
LOCKERS PARK SCHOOL TRUST IA Company Llmlted by Guarant•èl TRUSTEES. REPORT {CONTINUEOI FOR THE YEAR ENDED 31 AUGUST 2025 Plans for futuro perlods Demand for places year 7 & 8 has increased lo three forms for each of these year groups. The schoL4 Is planning capital projects that will increase space caparily wlhin the maln bu11ng and lo provid8 improved parklng facllltles for the school communlty. Fundraislng will continue lo raise the necessary funds to bulld Woodland Food Tethnology Sult6. Dudng Ihe period of this raport. Lockers Park had b¢on explDring the PDtenbal for a partnershlp with another school or school group. This has been a lengthy process, and a decision was taken to explor8 8 Partnershlp ¥th Harrow SchoollJohn Lyon School under Ihelr Charitable Organls8llon - The Keepers and Governors of the PosBe5slons. Revenugs and Goods of The Free Grammar School of John Lyon (Charity Number 3100331. Followlng 8 lengthy due dlllgence process an announcement was made on the 5 January 2026 that Lockers Park School woul¢J be jolnlng wilh Harrow School. Th15 proce5$ was finalised on 1 April 2026 whereby Harrow School assumed control of Lockers P8rks School. Lockers Park SchtX>l has relaSned l($ business and chariiable statu5, and the recordlng of Ihls partnershlp has been reported Ir) both the Charllles Commlsslon and Companltrs House, Dh¢lo•ur• of Informallon to audltorn Each of the person8 who are Twslees at the Ilme when Ihls Trustees, Report is approved h85 ¢onflTmed that.. so lar as that Trustee Is aware, there 18 no r91evanl audr( Infomiatlon of whlch the charltls gudltors are unaware., and that Trust88 has taken any relevant 8udll informauon and to establish that the charlly's auditors are aware of that Snfomiatlon. Audltor• The audltor$, Haslèr5 Assurance LLP, have indlcaled their llingneSS lo continue in offlce. The doslgnaled Trustees will propose a mollon reappolnllng the auditors at a meellng of the Trustee5. Approved by Order of the member3 of the bo8rd of Truslegs on 22 May 2026 and slgned on their b¢hall by.. C Ll¥ter Ichair of Trusleesl Page11
LOCKERS PARK SCPIOOL TRUST {A Company Llmlted by Guarante8} STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The Trustee5 (who are also tho directors of the School for the purposes of company lawl are responsible for preparing th8 Truslee5' Report and th8 financial slalements in accordance wtth 8pplicable low and Unlled Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practlce). Company law requlras Ihe Trustees lo prepar8 flnanclal slal8ments for each fin8ndal . Under company law, th Tru51ees must not approve the flnancial slalernents unless they are sallslied that they give a true and fair view of the slate of affairs of the School and of its incoming resources and application of resources. indudlng its income and expenditure, for Ihal period. In preparing thesg financlal statemgnts, th8 Trustees are requlred lo.. Select suitable 8ccounllng polici85 and then apply them con3islently.' obs•rva the method5 and principles of the Charitie5 SORP IFRS 1021., make ludgments and accounting esllmates that are reasonable and pruiient., slate whether appllcable UK Accounting Standards IFRS 1021 have b88n followed, subject to any rnalerlal deportures di8clo$ed ond expl8lned In the financial s18ternents', prepare the financial slalemenls on the going concem basis unlgss11 Is Snapproprfatg io presume IhBI the School wlll continua in busines8. The Tru8lee8 are re8ponslbl8 for keeplng adequate accounting records that are sufflcl•nt lo show and explaln Ihg School's Iransactlons and disclose wllh reasonable occur8Cy 8t 8ny Ilme the financlal posltion of the School and enabl8 them to ensure that the financial s181ernenls comply wSlh the Companies Act 2006. They are also r8sponsSblè for salègu8rding Ihe assets of the School and hence for 18king reasonable staps for the prevention and detection of fraud and other lrr8gularftlè$. Approved by order of the members of the board of Twslees on 22 IAay 2026 and 8gned on SIS behaK by.. C Llst•r (Chair of TNsl8esl Page 12
LOCKERS PARK SCHOOL TRUST IA Company LimltÈd by Guarant••l INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LOCKERS PARK SCHOOL TRUST Oplnlon We have audlled the flnanclal stslemenls of Lockers Park School Trust (the 'charilable companll for the year ended 31 AugLJSt 2025 vthich comprise the Stalemenl of Fln8ncl81 Activities, the Balance Sheet. the Statement of Gash Flows and thè related notes, including a surnmary of signillcanl accountlng policies. The financial reportlng framework that has been applled In their preparation Is applicable law and Uniled Klngdom Accountlng Standards, including Finala1 Reporting Standard 102 The FinanciBI Reporting Standaril applicab18 in the UK and Republic of Ireland, Iunited Kingdom Generally Ac¢epted Accounting Pracucel. In our oplnlon the flnandal slalemenls.. give a true and lair view of the slate of the charllable cornpanvs affalrs as a131 August 2025 and of its 5ncoming resources and 8ppIIc8tlon ol resources, Including Its income and expenditure for the year then endod., hav8 bèèn properly pr8pBred In accordance th Unf(ed Kingdom Generalty Accepled Accounllng Pracllce., and have been prepared in accordance th the rèqulr8m8nls of the CharSlles Acl 2011. Bi418 for oplnlon We conduded our audh In accordance vAlh Inlematlonal Standards on Audlling IUKI IISAS IUKII and appllcable law. Our responsibilities under those standards are further described in the AuLlitors' rèsponsibilities for the audit of the financial s18lements secllon of our report. We are independent of th8 charitable company in accordance th the ethlcal requlremenls that are relevant to our audll of the flnandal slalementg In the Unlted Klngdorn Includlng the Financlal Rèporting Counul's Ethical Slandaid, and we hav$ luifilled our other ethlcal responsibllilles in accordance with th858 requir&menl8. We believe that Ihe audit evidence we have obtained is $ufficlenl and approprfale lo provlde a bagis for our oplnlon. Conclu•lons relatlng lo golng conc•rn In auditing the financial slalernenls, we have concluded that the TnJ51ees' use of the goSng concern b8515 01 accountlng in the Preparation of the financial $1818menls Is approprtale. Based on the work we have performed, we have not identified any malerlal uncertainties relating lo events or conditions Ihal. indiwdually or collectively, may c8st Significant doubl on the charitable company'8 abilily to continue as a going concem for a period of al least e1ve rnonlhs from when the fin3n¢ial slatemonts are aulhorised lor issue. Our responslbilllies and the responslbilities of the Trustees th respect to going conc8rn are descrlbed In the relevant s&ction5 of this report. Page 13
LOCKERS PARK SCHOOL TRUST (A Company Limit8d by Guarant••} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LOGKERS PARK SCHOOL TRUST ICONTINUEDI oth•r Infomiatlon The other information comprises the information Irbcluded in the Annual Report other than thg fin8nclal statements and our Auditors, Report Ihereon. The Trustees are responsible for the other information CDn18ined wthin the Annual Report. Our opinion on the financial slalemenls does not cover the other Information and, ex¢ept to thg exlenl otherwise explicitly slated in our report. W8 do not express any form of assurance conclusion thereon. Our reswnsibility is to read the other information and, in doing so. consider whtrth6r th8 Other information is materially inconslstenl wllh Ihts financial statements or our knowledge obtained in Iho Course of th8 audit, C•r olherwlse appears to be materially misstated, If w8 Idenlbfy such material Inconsistencles or apparent mal8ri81 ml8slalemenls, we am reqLJired lo detemiine whethgr this gives rise to a material misstatement in the fln8ncl81 slalemenls Ihemsefves. If, based on the work w8 havè performed. we conclude that ther818 a moter181 mlsstatemant of th18 Other Inlormatlon, we ara requbred lo report that fact. We have nothing lo report in thls regard. Mattors on whlch w• arg rgqulrtd to report by •x¢•ptlon We have nothing lo r8port In respect ol tho following matters where the Ch8rili88 (Accounis and Reports) F4ogu18Uons 2008 requlras us to report lo you If, In our gpinlon.. the information givon in Ihg Trustees. R8POrt Is Incon818lenl In any m81eri81 respect wllh the financial slalement5', or 8ufflcienl accountlng records hav8 not been kèpt., th6 financlal sl8lernents are not in ayr8emenl with the a¢¢ounting records and relums.. or we have not received 811 the Information and explanations we roquire for our audil. Respon¥lblllUes of tru•tees As explained more fully in the Trustees, Responbil1eS Statement, the Trustees (who are also the directors of the charlloble comp8ny for the purposes of company lawl are responsible lor the preparation of the financi81 stalem$nls and for beSng satisfied that they give a true and fair view, and for such internal control as the Trustees detgmiin8 is n8cess8ry lo enable lh8 preparation financial statements that ale free from material m1851alemenl. whether due lo traurj or error. In preparing the Ilnancl81 slalements, the Trustees are responsible for assesslng the charitable companys abllity lo continue as a going concern, disclosing, as applicable. rnatter5 related to going concern and using the going concem ba51s of accounting unless the Trustees either inlend lo liquidate the charitable company or to cease operations, or have no reolistic 8llernalive but to do so. Page 14
LOCKERS PARK SCHOOL TRUST IA Company Llmlted by Guarantee) INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF LOCKERS PARK SCHOOL TRUST {CONTINUEDI Audltor8' responslbllltl•8 for the audlt the flnanclal statements We have been appoinled as auditor under section 144 of the Charities Act 2011 and report In accordance with the Act and relevant regulations made or having effect theraunder. Our objectives are to obtaln reasonabla assur8nce about whether the financlal stat8menls as a whole are free IrDm materfal misslatement, whether due to fr8ud or error, end lo Issue an Auditors. Report th8t Includes our opinion. Re88onable assuranc8 is a high level of assurance, bul is not a guarantee that an audit conducted in ccord8nce wllh ISAS IUKI will always detect a material misstatement when It exlsls. Mlsstatements can artse Irorn fraud or error and are congi¢ered materlal if, indlvidually or in the aggregate. Ihey could reason8bly be expeclod to Influence tha aconomic decisions of users taken on the b85is of these financial stslements. Irregularits8s, including fraud, are instanc85 of nDn-compli8n¢e with laws 8nd regulallons. We design pro¢edure5 In Ilne wllh our responslbililies, outlined above, lo detect malerI81 mlsslalemenls In respect ol irregulartlies, Includlng fraud. The exlenl lo whlch our procedures are cap8ble of delècvng irregularities. Includlng fraud 18 detailed below.. Based on our understandlng of the legal and regulatory frameworks that are oppllcable lo the enllty we have conslder8d those that have a dir8cI and indirect materi31 impact on the financial statem8ntS 8nd opar8tion8 of the company. These include bul are not limlt8d lo the Charities Act 2011, GDPR, and Employrnenl anrj Health & Safety legi51alion. We oblaSned an underslandlng of how the company are Compl7n9 with those legal and regulatory Irameworks by makin9 inquiries to thfr management. We corroborated our Inqulrfes through our review of documenlallon generated and a558ssing th8 8xlenl ol compliance with the relevant laws and regulatlons. Wè discussed among the aud51 engagernenl team reg8rdlng the OPPOrtunllie5 and incenlSves, Includlng management overrlde of controls. that may exlsl within the organisalion for fraud and how and where fraud rnlght occur in the financial stalaments. As a result of performing Ihe above, we Identified the greatest pctlentlal for matèrial mi8slalement9 due lo fraud re in Ihe following are8S. 8nd our speeilic procedures performed lo address Ihese are described below. The risk of managernenl overrlde of control51s the area where the financial statements were most susceptible lo material misstatement duè to fraud. In addi1Son, the key principal risks related to thg existence of inappropriate journal entr105 to Impact the profil for Ihg y88r and management blas in accounting è5timales. Procedures perfomied to addre55 these were as follows.. Idenlifwng assessing the design effectiveness of conlrols m8nagement has in plac8 to prevent and detect fraud. Th1$ Include¢J corroboration by review ol Board Minutes and review of correspondence wlth relpvanl bodies,, Understanding how those charged wlth govem8nce considered and addressed the potential for override of controls or other inappropriate influence over Ihe financial reporting process., Undertaking testsng deslgned lo test the controls in place within the proGuremenl syElem Induding acce88 and wnlrols in relation lo banking,. and IdenlSfylng and testing joumal entries, in particular any unusual journal enlrfes posted amund the year-end and joumal entries posted by Infrequent syslem users. Page 15
LOCKERS PARK SCHOOL TRUST IA Company LimSted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LOCKERS PARK SCHOOL TRUST ICONTINUEDI Because of the Inherent Ilmllalions of an audlt, thwe Is a risk that we 11 not detect all irrègularities, including those leading to a material misslalemenl in the finanryal statements or non-compliance with regulation. This risk incre8Se3 the more thal eompliance wlh a law or r8gulallon is removed from the events 8nd transactions refleded In the llnandal 5tstement8, as we wll be less likely to become aware of instsnces of non-compllance. The risk is also greater regarding irregulariti85 occurring due lo fraud rather than error. as fraud involves intentional concealment. forgery, collusion. omisslon ¢r rni8representgl0n. A further descripllon of our responsibilities for the audll of the financial 8lalernenls is lo¢altsd on the Flnanclal ReportSng Coundl's websKe at: www.frc. nsi This deriptIOn fomis part of our Auditors, R8POrt. Use of our report This report Ss made solèly lo Ihg charitable cornpanl5 member5, as a body, In accordance with Part 4 of the Ch8rftles IAccounl8 and Reports) Regulallons 2008. Our audit work has bBen undertaken so that W8 might slote to the charltable ¢ompanVs members those mattèrs we are r8quir8d lo siale to them In an Audilors, Rtrport and lor no oihor purpose. To the lullesl 8xlenl permltled by18w, we do not accept or 8ssum8 responsibility to anyone other than the ¢h8ritabl8 company and ils members, as a body, for our audit work, for thls report, or for the opinlons wg hove formed. Ha8l•r8 Assuranco LLP Chartered Accounl8nls Statutory Audllor Old Slalion Road Loughton Essex IG104PL 22 May 2026 Haslers Assuranca LLP are eliglble lo act 85 auditors in temis of section 1212 of the Companie5 Act 2006. Page 16
LOCKERS PARK SCHOOL TRUST IA Company Llmlted by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUND FOR THE YEAR ENDED 31 AUGUST 202S ReBtrict•d Unr05trlcled funds funds 2025 2025 Total lund8 2025 Total funds 2024 Not• Incom• from: Donations and legacies Fees Receivable Inleresl Inc4)me Olher income 10.000 10,000 4,352,494 96,278 25,695 138. t69 4.928,229 70, 109 26, 142 4,3S2.494 93.687 25,695 2.591 Total Income 12,591 4,471,876 4,484,467 4,562,649 Expendlture on., Chartl8ble activitie$ 4,486,760 4,486,7fj0 3,973.722 Total •xp•ndltur• 4,486,760 4,486,700 3.973,722 Net mov•m•nt In funds 12,591 114,8B41 12,2931 588,927 R•con¢lllatlon ol funds: Total funds brought forward Nel movement in funds 121,060 12,591 3,391,392 114.8841 3.512,452 12,2931 2,923.525 588,927 Total funds e•rrfed lorward 133,651 3,376,508 3,510,159 3,512,452 Th& Statement of Fin8ncl81 Activlties Includes all gain8 and Ioss8s recognisod in th8 year. The notes on pages 21 10 36 form part of these fin8nd81 stalemenls. Page17
LOCKERS PARK SCHOOL TRUST {A Company Llmlted by Guarantee) REGISTERED NUMBER: 01090034 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2025 2024 2024 Note Flxed as8•t$ Tangib18 a55ets 2,129,681 2, 146,527 2,129.681 2, 146,527 Curr•nt 888et# Debtors Cash at bank and In hand 12 1,003.030 2,031,081 I.t05.373 2,216,476 3,034,111 3,321,849 Curr•nt Ilabllltl•s Credllors.. amounts fg11ing due wllhln ono year 13 11,653.633) f1,955,924) N•t currenl as80ts 1,380,478 1.365,925 Total ass•t• l•s currnnt Ilabllltl• 3,510,159 3.512,452 Total net a88et• 3,510,159 3,512,452 Charlty funds Restrict8d funds.. Reslrict8d funds 14 133,651 121,060 Total restricted funds Unrestricted funds 14 133,651 121.060 Oesignaled funds General funds 14 147.666 3,228,843 744,523 3,246,869 14 Total unre51rlcled funds 14 3.376,508 3,391,392 Total fund8 3.510,159 3,512,452 Page 18
LOCKERS PARK SCHOOL TRUST (A Company Llmited by Guaranto8) REGISTERED NUMBER.. 01090034 BALANCE SHEET ICONTINUEDI AS AT 31 AUGUST 2025 Thè Trustees acknOedge their responsibilitie5 for complying with the requlrernants of the Act with respect to accountsng r8(x)rds and preparation ol flnanclal statements. The financial stalem?nt$ were approved and authorf5ed for issue by the Tru51ees on 22 May 2026 and slgned on thgSr beh8lf by. C Llgter ICh8lr of Tru81ee5) The note8 on pages 2110 36 lorn part of these flnandal 818tements. Page 19
LOCKERS PARK SCHOOL TRUST IA Campany Llmlted by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Cjsh flows from operatlng aGtivFtI•s Nel Cash used oporallng aCtio$ 191.1301 574.940 C•8h flow8 from Invostlng •¢llvltl•i Purchase of tangible fixed assets Interest income 1190.5371 (261,467J 96,278 70.109 N•t ¢•sh ui•d In Investing actlvltl•• 194,2591 1191,3581 Change In catyh •nd cash oqulvalents In the year Cash 8nd cash equivalent$ al the bgglnnlng of Ihe ye8r 1185,3951 2,216,476 323,582 1,892,894 Cash and cA•h •qulvaknt8 at th• •nd of the year 2,031.081 2,216,476 The note¥ on pages 21 to 36 fonn part of thg8e flnandal 8tat?m¢nl¥ Page 20
LOCKERS PARK SCHOOL TRUST (A Company LSmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Aceountlng pollcles 1.1 Basis of preparatlon of flnanclal stat*mgnts The flnanclal statement8 have been prepared In ac¢ordanc8 with the Charlties SORP IFRS 1021 Accounting and Reporting by Charilles.. Statement of Recomrnended Practice applicabl8 to charities pr8paring their accounts in accordance vlth the Fin8nc4al Reporting Standard applicablè in the UK ond Republlc of Ireland IFRS 1021 leffecllve l January 20191, th8 Financial Reporting Standard 8pplicable In the UK and Republic ol Irelanij IFRS 1021 and Ihg Companies Act 2006. Lockers Park School Trust meets the definition of a publlc benefit enllly under FRS 102. Ass8tS 8nd liabllilies are initially recognlsed al hlstorical cosl or transaction value unless olhetw¢se staled in the rel8vanl a¢counling pdicy. 1.2 Incom• All Income is r8cognised once th8 School h88 enllllement to th8 Incolne, il is probable that th8 In¢ome wlll be received and the amounl of income rocolvable can be measured re118bly. Fee8 recelvable and ch8rg88 for servlces are aBcounled ftir In the perfod in which the service Is provldad. Fees recelvable ar• Stated after deducdng 8llewanceg, scholarshlps. bursarles Bn¢J other remissions alkjwed by the school. Grants are Included In the S181ement ol Flnanclal Actlvilles on 8 recelvable basls. The b8lance of Income received for speclflc purposes bul not expended durfng the perlod is shown in the r81evanl funds on the Balance Sh8è1. Where income 15 receiv8d in advance of entitl8m8nl of Tec&ipt, 115 recognlllon 18 deferred and included in cradilors as deferred incomè. Where enlillernenl occurs before Incom8 is recelved, thg Income is acwed. In¢ome lax recoverablè In relation lo Investment Incomo is reeognised at the Ilme the inveslmènl Income Is re¢elvable. 1.3 ExndIture Expenditure Is recognlsed once there Is a legal or construcllve obligatlon to transfer economlc bgneflt lo a third party, il Is probablo that a Iransl8r of economic benefits wll be required in sèttlernenl and the amount ol the obligation can be measureej reliably. ExpendiluT8 is classlfied by activSty. The costs of e8ch 8cllvlly are made up of the total of direct costs and shared costs, Including support costs involv8d In undertaking aach 8Ctivity. D1ct costs altributable lo a single activity are allocatèd directly to that 8¢livily. Shared costs which contribute lo more than one activity and support costs whlGh are not attributable to a single actlvity are apportioned belween those activbties on a basls ¢onsi3tent wlth the use of resource5. Central staff costs are allocaleil on the basis of lim8 spent, and depreciation charges 8lloc8led on the portion of the asset's Use. Expenditure on charitable actiwllos is incurred on directly undertaking the acliwties whlch further the Sehool's objectives, as well as any associated support costs. 1.4 Tanglble Ilx?d assets and dèpreclatlon Tangible fixed assets 8r8 inth'ally recognised at cost. After rowgnilion, under the cost model. tanglble fixed asse15 are measured al cost les5 accumulated depre¢ialion and any accumulated impairrnenl losses. All cost5 incurrBd lo bring a tangible fixed asset into its intended working condition should be included in Ihe measurement ol cost. Page 21
LOCKERS PARK SCHOOL TRUST IA Company LlmSted by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Icontlnued} 1.4 Tanglbl• flxod as$ats and d¢preclatlon Icontlnuedl Leasèhold Property improvements, the Covenant Property and the 2010 App8al Account 8re belng dopreclated over a 25 year period on a reducing balance basis, except for the 8MmIng pool Improvements lincluded wthln Leasehold property improvements) which are depreciated over a 15 year period on a straight linè ba61s. Depreciation is provlded on otheT fixod assets on the followlng ba815'. Freehold propety Motor vehicles Fixturtss and fittings Not deprèci8t8d 25% Str8lghl Llne on cost 20% Slraighl Llne on cost 1.5 Dfjblors Trade and other dèbtors are racognised al the settlement amount after any trade discount offered. Prepayments aTe valued al the amount prepald nel of Bny trade dSscounts due. 1.6 Cash at tsank and In hand Cash Bi bank and In hand indude¥ cash and 8hort4erm hlghly liquid Investments with a short maturlty of three months or185s from the data of acquI811Ion or opening of the deposit or similar a¢wunt. 1.7 Ll•bllltl•• and provlil¢n* LiabS1itles are recognlsed when tha18 an obligation at the Balance Sheet dale as g rejsull of a p851 evenl,11 is probable that a transfer ol eccnomlc beneffil will be requlred In settlement. ond the 8mount of the Selllemenl can be eslimatod reliably. Llabllllles are re¢ognlsed al the amount that the School 8nlicipales11 w511 pay to sellle the debt or the 8mount il has received as 8dv3nced payments for the goods or services il musl provide. Provlslons are measured al the best 05tlmale of th8 amounts Tequired lo settle the obllgetlon. Where the effect of the time valve of money 15 material, the provlsion Is based on the present V8lue of those amounts, discounted at ihe pre-lax discount rale that rellecls the risks specific to the liabilily. The unwlnding of the dlscounl is recognlsed in the Statement of Financial Acliwlies as a fin8nce cost. 1.8 Financlal Instruments The School only h85 fin8nclal assets and ffinancl81 Siabililles of o kbnd that qualify as basic finencial instruments. Basic finanaal instrumènts arè initially recogni5ed al Iransaclion value 8nd 8ub3equenlly measured al IheiT settlement value with the exception of bank loans whith are 8ub8equ8nUy measured at 8mort15ed cost using the effeciive interest method. 1.9 Op¢ratlng lea$e$ Rentals paid under operating leases are chargèd to the Statement of Financial Actlvitlos on 8 straight-line basis over the lease term. Page 22
LOCKERS PARK SCHOOL TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Aecountlng PDllcl•s leontlnued) 1.10 P•n8lon8 The Charfty operates a defined contribullon penslon scheme and the pension charge represtsnts the amounts payablè by the Charity to the fund In respect of the year. 1.11 Fund accountlng General funds are unre8tdctad fund8 lch are avalloble foT use at the dl$¢relltsn of the Trustees In Itjrtherance of the general objecbves of the School and whlch have not been designated for other purpo88s. Designated funds comprise unreslTlCted funds that have been s81 asid8 by the Trustees for particular purposes. The alm and use of each designated fund Is 591 oul in the notss lo the financial slatem8nts. Rgstrfcled funds ar8 funds whlch ara to b8 used in accordance with specific rtsstrlclions Impo8•d by donor5 or whith have be¢n ralsed by the School for p0rt1cular purposes. The costs of ralslng and administering such funds are charged against the spgcific fund. The airn and usg ol e8ch restrlcled lund is set out In thè noles lo the financlal slatemenls. Invg$tm?nt Income, galns and los$e5 are 8IIoc81ad to the approprkqte fund. Income from donatlon8 and l•gacle8 Rèstrlct•d funds 2025 Total funds 2025 Tolal funds 2024 Dongtlons 10,000 10.000 138, 169 Tot812024 138, 169 138, 169 Page 23
LOCKERS PARK SCHOOL TRUST IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Incom• from ch8rltable actlvltl•s Unrestrl¢ted funds 2025 Total funds 2025 Total funds 2024 Fees incom? Rents and lettings 4,346,039 6,455 4,346.039 6,455 4.283, 704 44,525 4,352.494 4,352,494 4.328,229 Total 2024 4,328,229 4,328,229 Inv•8tment Incom• R?*trlct•d UnTe8trt¢tsd funds funds 2025 2025 Total funds 2025 Tol81 fvnds 2024 Interest recèlvable 2,591 93,687 96,278 7Q,109 Total 2024 TQ, 109 70.109 Pag6 24
LOCKERS PARK SCHOOL TRUST IA Company Limited by Guar•ntee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S Other 5ncomlng rosour¢tS UnTegtriet•d funds 202S Total funds 2025 Total fvnds 2024 Remed18150urc8s SEN Fundlng 25,695 25.895 17.6TO 14,472 25,695 25.695 26, 142 Tot812024 26,142 26, 142 Analysli of axp•ndltur• on charltabl• a¢tlvltl¢s Summary by fund typ• Rostrlctgd Unr88tr1ct•d fundjj fundB 202S 2025 Total 2025 Total 2024 School 4,486,760 4,486,760 3,973,722 Tofel 2024 26,028 3.947,694 3,973, 722 Anal18 of •xp•ndlturo by actlvltlos Actrvltles undertaken dlrectly 2025 Total funds 2025 Total funds 2024 School 4.486,760 4.486,760 3,973, 722 Total 2024 3,973, 722 3,973.722 Page 25
LOCKERS PARK SCHOOL TRUST {A Company Limited by Guarant•a) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of •xp•ndlturo by actlvltles {¢ontlnuedl Analy81s of dlreet ¢¢YJt• Total funds 202S Total funds 2024 School 2025 Staff c081s Dèpreciallon Taach5ng r850urces Govarnance costs Stsff Irainlng Adminlslrallve costs Premises èxp8nse8 Catering Expensas Insurances Bgnk charges Advertising and markellng Motor and travglllng Kllchen co8ts Legal and professlonal School inspgcllon cost8 Entertainment cost8 Prolecl Lalilude costs 2.948,566 207,384 212,229 31.900 25,520 105.477 461.917 172,339 51,731 3,223 97,811 36,399 6,952 39,766 3,462 2,948.566 207,384 212,229 31.900 25,520 105,477 461,917 172,339 51,731 3,223 97,811 36,399 6.952 39,766 3,462 2,609,584 217,578 220,224 17,900 16,886 69,257 417.330 172,291 35,710 3,021 93.005 23,968 6,478 65,369 3.869 1,252 78,740 78,740 4,486,760 4,486.760 3.973, 722 Total 2024 3,913,722 3,973,722 Project latitude costs refer lo the costs incurred by the school for the "lateral expansion" into the Harrc)w Group of Schools, govemed by The Keepers and Govemor$ of the Possessions, Revenues and Goods of The Fre8 Grammar School of John Lyon ICh8rity Number 3100331. P8g8 26
LOCKERS PARK SCHOOL TRUST IA Company Llmlted by Guarantètrl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Auditors, remun•ratlon 2025 2024 F8es payable to the School's audltor lor the oudit of the School's annu81 accounts 14,600 16,850 Fees payable to the School'B auditor In respect of.. All nonvaudit Services not included above 40,900 24.010 8t8ff co¥t• 2025 2024 W8g88 an%J 8alarles Soaal $8curfIy costs Contrfbutlon to d$fln•d ¢onlrfbullon panslon scheme 2,444,474 218,567 289,524 2.149,829 184,438 275,316 2,948,565 2,609,583 The average number of persons employed by the Schix)I durfng the year wa$ 88 follows.. 2025 No. 2024 No. Teachlng Teaching asslstsnts Admln Other 25 26 43 41 85 84 The number of employe88 whose 8mpbyee benefit3 (excluding employer pension costs) exc8eded £6Q.000 was". 2025 No. 2024 No. In the band £60,001- £70,000 In the band £90,001- £100.000 Page 27
LOCKERS PARK SCHOOL TRUST (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Trustees. rnmun•ration and exp•ns•s Ourlng the year. no Twstees received any remuneratlon or Other benefits f2024 - £NIL). Tanglbl• ff xèd •$$•ts 114 share of Long-term freehold leasehold property prop•rty Furnlture, Motor flxtures and v•hlcles flitlng• Total Co¥Jt or valuation At 1 September 2024 Additlons 100,000 4.821,179 147,094 51,047 1,273,551 43,443 6.248.377 190.537 At 31 August 2025 100,000 4.968,273 51.647 1,316,994 6.436,914 Depr8cl•tlon Al 1 Soptsmber 2024 Charge for the year 2.971,940 143,979 48,647 1,000 1,079,262 62,405 4,099,849 207,384 At 31 Augu8t 2025 3.115,919 49.647 1,141,667 4.307,233 Nèt book valu• Al 31 August 2025 100,000 1.852.3S4 2.000 175,327 2,129,681 Al 31 August 2024 loo,000 1,849,239 194.289 2, 146.528 Page 28
LOCKERS PARK SCHOOL TRUST {A Company Lirnlted by Guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 12. D•btor8 202S 2024 Du• wlthln one year Tradg debtors Prepayments and occrued Income 931,286 71,744 922,515 182,858 1,003,030 1.105.373 Prepayrnenls and accrued Income Sncludes 8mounl for school trlps due to take place In the next fln8nclal year totslllng £24,93812024.' £81,602 13. Cr•dltors: knounll lalllng due wlthln one year 2025 2024 Trade creditor8 Oiher cr8dllor8 Other taxation and socSal s&cudly Accruals and deferred Income 193,604 203,038 178,876 1,078,115 78,674 1,785,058 49,888 42,304 1.653,633 1,955,924 Page 29
LOCKERS PARK SCHOOL TRUST {A Company Llmlted by Guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Statem•nt of funds Statement of funds- currenl year BJlanco at 1 S8pt•mbor 2024 Balance at 31 August 202S Income Exp•ndlturè Unrestrlct•d lundB D•slgnat•d funds Capitsl Expendilur 144,523 3,142 147,665 General fundfj Revenue Account 3.246,869 4,488,734 {4.486,7601 3.228,843 Tot•1 Unr••trlct•d fund• 3.391,392 4.471,876 (4,486,7fj01 3.378,508 R•8trfd•d fundj 150th Project 121.060 12.591 133,651 Total of fund• 3,512,4S2 4,484,467 14.486.760) 3,510.159 The Capital Expendlture Fund provide3 funding lowaid8 capital éxpendlture and development of the School. The 150th Prolect Reslrlcted lund relates to funding toward5 the building of the Wofxllands Food Tech 8uIt8. Page 30
LOCKERS PARK SCHOOL TRUST IA Company Limltod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Statement of funds l¢ontinuedl Stat&m•nt of funds- prlor year 8alanc8 81 I September 2023 Balance at 31 August 2024 Translers in/out Income Expanrlilu Unfestrlcted fund¥ D•slgnated funds Capital Expenditure 150th Prolect 168,558 (4,035) (20.000) (20.(WO) 20,000 144,523 168,558 (24,035) 744.523 Gan•ral fundjj Revenue Account 2, 746,048 4,424,480 (3,923,659J 3,246,869 Total Unrestrlct•d funds 2,914,606 4.424,480 (3,947,694) 3,391.392 R•strlct•d fvnds 150th Project A38lsted pl8ce$ 138,169 (17, 109) (8,919) 121,060 8,919 8,979 138, 169 (26,028) 121.060 Total of funds 2,923,525 4,562,649 f3,973, 722) 3,512,452 Page 31
LOCKERS PARK SCHOOL TRUST IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Statem•nt gf fvnds Icontinuedl Des5 nat Fund Th8 Capital Expenditur8 Fund provides fvndSng towards capltal expendlture and development of the school. The 150th Project Fund relates to lunding towards buy7ng m8rchandSse for the 150th fundraising projecL The transfer beiween Ihe designated funds represent funds whith were 8greed by the trustees to be 8penl on expondllure In relallon to the 150th Prolecl. Restrided Funds The 150th Project Restricted fvnd relBts8 to funding towards the bullding of the Woodlands Food Teth sulle. The A581sled Places R8Strfcl8d Fund provides funding towards asslsled places costs. Page 32
LOCKERS PARK SCHOOL TRUST {A Company Llmlted by Guaranteé) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Surnmary of filnds Summgry of fvndJ- current year 8alan¢• •t 1 September 2024 Balance at 31 August 2025 Incom• Exyndlture Deslgnaled funds General funds Reslrlcled funds 144,523 3,246,869 121,080 3.142 147.665 4,468,734 14,488.7601 3,228,843 12.591 133,651 3.512.4S2 4,484,467 14,486,780) 3,510,159 Sumfflary of fund• . prlor year 88lence 8t I September 2023 8918nce al 31 August 2024 Transfers in/oul Income Expendllure Oesign81ed funds Gencral funds Resldcled fund8 168,558 2, 746,048 8,919 (24,035) 4,424,480 f3,923,6591 138, 169 (26,028) 144,523 3.246,869 721.060 2,923,525 4,562,649 (3,973,722) 3.512,452 Page 33
LOCKERS PARK SCHOOL TRUST (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 1& Analysls of net assets b•tw••n funds Analys18 of n•t a$8èts between funds - current year Restrfcted UnMstrict•d funds funds 2025 2025 Total funds 2025 Tanglble flxed assets Curr8nl asse15 Cr8dllors due whhin one year 2,129,681 2,129.681 2,901,798 3,035.449 11.654,9711 11,654.971) 133,651 Total 133,651 3.376,508 3,510,159 Analy•l• ol not aisets b•tw••n funds - prlor year Restricted Unrgstricted funds funds 2024 2024 Tolal runds 2024 Tangible fixed assets Current assets Creditors due wSlhln one yaar 2, 146,527 2, 146,527 3,200, 789 3,321,849 (1.955,9241 (1,955,924) 121,060 Total 721,060 3,391.392 3,512,452 17. R•eon¢lllatlon of n•t mov•ment In funds to n•t cash flow from op?ratlng actlvltl•$ 2025 2024 Net Inwmelexpendlturè for thg year las peT Slalemenl of Financial Activitiesl 12,2931 588,927 Adlustm•nts for.. Depreciation charges Oividends, interests 8nd rents from investrnents Decreasel{increasel in debtors Increaselldecreasèl in creditor5 207,384 196,2781 102,343 1300,9531 217,578 (70, 109) (468,213) 246.758 Net ca$h provided byllus•d Inl operating ac15wltie 189.7971 514,941 Page 34
LOCKERS PARK SCHOOL TRUST {A Gompany Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 18. An8ly*l8 of ¢ash and cash equlvalgnts 2025 2024 Cash in hand 2.031,081 2,216,476 Totil cash and cash •qulval•nts 2.031.081 2,216,476 19. Analysls of changes In n•t d•bt Septemb•r At31 2024 Cash flows August 2025 Cash al bank and in hgnd 2,216,476 (185.395) 2,031.081 2.216,476 {185,395) 2,031.081 20. Penslon commltm•nts Th& charlty operates a denned contrlbution sehem& who8e assets ore held Independently and odminlster8d s8par8tely from those ol th& charity. During the year, Ihe cost w88 £285.524 12024.. £275,316). Conlrlbulions lotalling £33,oe312023.' £4,080) were payable to the fund al the balance sh981 ¢Jale and are Included In c¥edilor8. Page 35
LOCKERS PARK SCHOOL TRUST (A Company Llmited by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 21. Operatlng l•as• XmItMentS At 31 Augu5l 2025 the School had ¢ommilm8nls lo make future minlmum lease payynenls under non- Cancelble operating le358S 85 follows.. 2025 2024 Nol1ot8r than l year Later thon 1 year and not later than S years Later thon 5 years 70,570 240,000 180,000 60,000 240,000 240,000 490,570 540,000 £480,000 of the abovè operating lease comm11menls relate lo rental commltrnenls that cover the 75% of the school freehold that Is leased by the School. 22. IA•mb•ri' Ilablllty Each membgr of the charKaNe company undertakes lo contrSbute lo the assets of the comp8ny In the event of il being wound up while helshe 18 a member, or wthin one ygar after h815he ceases to be 8 member. such amount as may b8 required, not exceedlng £1 lor the debts and Ilabilllies contracted befora helshe ceases to be a meTnber. 23. R•laled party transactlons During the year the Trust relmburod Iwste88 £Nil12024'. £2.542). There were no ou151andlng balances owing between related partles and the Trust ot 31 August 2025 12024.. £NILI. 2 Post balance Sheet events Subspquent lo the balance sheet dale, the Tnjst has 8nt8r8d a fomi81 partnership arrangement wlth The Keepers and Govemors of the Possessions, Revonuos an¢J Goods of The Free Grammar School of John Lyon Icharlty Number 3100331, resullbng In the appolntment of four addrtlonal trLJStges. Page 36