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 Ta￿Or 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
311￿1
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 G0￿mIng 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 ob￿8¢11ve3 and planning lor acllvlties, the Tw$lees have glven due conslderallon lo general gU￿danCe
published by the Charity Cornmisslon relating lo public benefit, Including the guidance 'Public benefit.. running
charfly IP821'.
b. Str8t•gles for achleving obJ•etiv?•
The Govomor$ 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 Collat￿ratIOn,
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 1contlnu￿l
Achlevefflents gnd perfomiance
Maln •chlevom•ntJ of the School
Lockers Park conllnues lo provlde 1e8chlng In sm811 Classes in a sale, ¢8￿ng 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 Pre￿oUS 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 repo￿n9 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 demonstr3￿ng 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$lcal Iradillon, ithlh ovèr 60% of puplls enjo￿ng IndI￿d￿al music le880ns In
8ddllon to timelabled class music.
dl
Drama
The pupils continue lo receive drama lessons with 8 1 OOOA pass rate in LAMDA ex8ms. Two productions were
staged whieh provided opportunities for all puplls lo partlclpalè In.
Other Extr8 Currtculgr Activities
The puplls are encouraged lo try new experl8nce5 and the school f8cililales opportunllles for thls. The Art
Extension Group was again very w811 attendod Ihroughoul the y8ar. The school'5 very own Scout Troop, Cub
Pack and 888ver Colony continue lo offer 8 diverse rangè of activities inlenosed tD h8lp chiSdr¥n develop skills
complimentary lo those leamed in the classroom, whilst having lots of fun as part of this na￿Onal movement. The
Chess Club is popular, with boys glvlng up thelr break lime to play games. Membership of the Eco Commlllee
and School Council is sought after by many pupils. In free tirne, the pupils many be found buildlng camps withln
our exlenslve ground5,' playing table lennl$,' 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
ba￿0￿ 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 bu1￿1ng 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 8￿gned 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 Fina￿la1 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, Respon￿bil￿1eS 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 Compl￿7n9 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 de￿riptIOn 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 acknO￿edge 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 aC￿￿tio$
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 Ex￿ndIture
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. D1￿ct 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 8￿MmIng 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 tha￿18 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
Anal￿18 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• ￿X￿mItMentS
At 31 Augu5l 2025 the School had ¢ommilm8nls lo make future minlmum lease payynenls under non-
Cancel￿ble 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