2025-07-31-accounts

COMPANY NUMBER: 00937554 CHARITY NUMBER: 311711

BEAUDESERT PARK SCHOOL TRUST LIMITED (a company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

BEAUDESERT PARK SCHOOL TRUST LIMITED CONTENTS YEAR ENDED 31 JULY 2025

	Page
Trustees, Officers and Advisers		2
Annual Report of the Trustees
Directors’ Report		3-5
Strategic Report		6 - 11
Independent Auditor's Report		12-14
Statement of Financial Activities		15
Balance Sheet		16
Statement ofCash Flows		17
NotestotheFinancialStatements		18-28

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, BEAUDESERT PARK SCHOOL TRUST LIMITED TRUSTEES, OFFICERS AND ADVISERS YEAR ENDED 31 JULY 2025

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Directors and Charity Trustees

The Trustees of Beaudesert Park School Trust Limited (“the School’) are the School's charity trustees under charity law and the directors of the charitable company. The members of the Governing Body who served in office as Trustees, and also any ex-Trustees who served during the year as indicated,

are:

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• A Boarding, Pastoral and Safeguarding Sub-Committee B Education Sub-Committee C Finance and General Purposes Sub-Committee D Governance and Compliance Sub-Committee E Marketing Sub-Committee F Political Risks Sub-Committee

Officers and Professional Advisers

The Headmaster: Mr C Searson BA, QTS

Finance Director:

Mrs T Scrivener BA, ACA

independent Auditor:

Crowe U.K. LLP, 4" Floor, St James House, St James Square Cheltenham, GL50 3PR

Bankers:

Lloyds Bank PLC, 12 Rowcroft, Stroud, Gloucestershire, GL5 3BD

Solicitors: Harrison Clark Rickerbys Ltd, Ellenborough House, Wellington Street, Cheltenham, Gloucestershire, GL50 1YD

BEAUDESERT PARK SCHOOL TRUST LIMITED ANNUAL REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

The Board of Trustees present their Annual Report for the year ended 31 July 2025 under the Charities Act 2011 and Companies Act 2006, thus including the Directors’ Report and Strategic Report under the 2006 Act, together with the audited financial statements for the year.

| DIRECTORS’ REPORT

Beaudesert Park School Trust Limited is a Charitable Company founded in 1908, charity number 311711, company registration number 00937554, VAT number 475510194 with the liability of its members limited to £1 each by guarantee. The Company’s Registered Office and principal operating address is Beaudesert Park School, Minchinhampton, Gloucestershire, GL6 SAF.

CONSTITUTION AND OBJECTS

The objects of the Company in accordance with its Articles of Association are the acquisition and continuance of schools for the education of children and the furthering of education in all respects, particularly as regards the development of Beaudesert Park School.

in furtherance of these Objects for the public benefit, the School has established and administers bursaries, grants, awards and other benefactions, and acts as the trustee and manager of property, endowments, bequests and gifts given or established in pursuance of these Objects.

AIMS, OBJECTIVES AND PRINCIPAL ACTIVITIES

Aims

The School’s principal aim is the provision of a high achieving, academically aspiring and allencompassing education in a friendly family environment, which upholds traditional standards. All members of the School are actively encouraged to achieve their true potential.

The Board of Trustees is mindful of the long-standing need to provide public benefit and of the requirement of the Charities Act 2011. Please also refer to page 7 for further details on the public benefit given by the School.

Primary Objectives

The primary objectives of the School to fulfil this aim are:

• e® To provide a stimulating learning environment in which pupils can develop their academic potential to the full:

• e To provide a happy and secure pastoral environment in which pupils can learn to live together and thus foster a sense of community, co-education, respect for one another and good citizenship;

• e To provide pupils with the opportunity to take advantage of the breadth of co-curricular activities in order to develop positively all aspects of their character,

• e To provide financial support to enable children whose parents are unable to afford the full fees to benefit from a Beaudesert Park School education;

• » To provide a clear, simple and effective management structure capable of taking timely decisions and allocating necessary resources appropriately; and

• e To provide the necessary administrative and logistical framework to meet the needs of members of staff and pupils alike.

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" BEAUDESERT PARK SCHOOL TRUST LIMITED ANNUAL REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

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GOVERNANCE AND MANAGEMENT

Governing Document

The School is governed by its revised Memorandum and Articles of Association, which were adopted for use at the Annual General Meeting held on 7 March 2006 and amended on 17 March 2020.

Governance

The new Charity Governance Code (2025) will be reviewed as required in 2026. Under the previous version of the Code it was felt that no changes needed to be made to the School's governance procedures.

Governing Body

The method of appointment of new Trustees is by invitation by the Board. Trustees are elected at main Board meetings following nominations from existing Trustees for candidates possessing the necessary competencies, specialist skills, eligibility and availability. Trustees are appointed for a 3-year term but can seek re-election for up to a further two 3-year terms. Any extension beyond nine years requires the approval of the full Board. There is a school policy relating to the appointment and re-election of Trustees. In line with a special resolution passed on 17 March 2020, the maximum number of Trustees was increased to 18.

Trustee Training

New Trustees are inducted into the operation of the School and the requirement for compliance with company legislative and charitable regulations through specific orientation sessions organised both at the School and elsewhere. Trustees have attended suitable updates or briefings on new legislative requirements. The full Board has received training in safeguarding, the expectations of the Independent Schools Inspectorate, and aspects of good practice.

Trustee Monitoring

A number of Trustees, acting in rotation, visit the School each term to scrutinise the School's performance in key areas and monitor progress and development in relation to stated aims and the targets set out in the School Development Plan.

Organisational Management

To ensure that the Trustees have adequate suitably detailed knowledge of the operation of the School, its policies and compliance with all the necessary company and charitable legislation, each Trustee ; belongs to either the Education, Finance & General Purposes, Governance & Compliance, Boarding, | Pastoral & Safeguarding or the Marketing sub-committees; their appointment to the Governing Board and respective sub-committee reflects their individual areas of expertise. These 5 sub-committees : normally meet termly prior to each main Board meeting. They are responsible for reviewing annually the | School policies and risks relating to their area of responsibility. They are also responsible for monitoring : and evaluating the relevant section of the School Development Plan which is prepared annually by the : School's management. The main Board meets termly to review and approve the sub-committees’ work and the overall policy for the management, functioning and development of the School, for which they have a legal responsibility. The day-to-day running of the Schoo! is delegated to the Head and the Finance Director, with support from the Deputy Head and the Head of Pre-Prep along with other senior staff.

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Given the significant implications and risks associated with potential changes in government policy to the financial framework within which independent schools had been operating, in particular the addition of VAT to fees, a sixth sub-committee was established in December 2022, the Political Risks SubCommittee. This sub-committee has met at least termly since inception, with the purposes of facilitating coordination across the Governing Board and its sub-committees and enabling accelerated planning and decision-making in a dynamic, wide-reaching context. This sub-committee will continue to operate until such time that the risks of these external changes have been mitigated to the point that the prior arrangements for organisational management are sufficient.

BEAUDESERT PARK SCHOOL TRUST LIMITED ANNUAL REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Remuneration is set by the Board for all staff. Established pay scales reflect skills, experience and responsibility, while the School aims to encourage enhanced performance and, in a fair and responsible manner, reward individual contributions to the School's success.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also Directors of Beaudesert Park School Trust Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charitable Company and of the incoming resources and application of resources, including the income and expenditure, of the Charitable Company for that period. In preparing these financial statements, the Trustees are required to:

• e select suitable accounting policies and then apply them consistently;

• « observe the methods and principles in the Charities SORP;

• e make judgements and estimates that are reasonable and prudent;

• e state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitable Company’s transactions, disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the provisions of the Charity’s constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as the Trustees are aware, there is no relevant audit information of which the Charitable Company's auditors are unaware. The Trustees have each taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the Charitable Company's auditors are aware of that information.

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7 BEAUDESERT PARK SCHOOL TRUST LIMITED ANNUAL REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 | STRATEGIC REPORT

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MISSION STATEMENT

Beaudesert is one of the leading prep schools in the country, inspiring and nurturing every one of our children to be the very best versions of themselves they can possibly be, encouraging aspiration, celebrating individuality, embracing curiosity and fostering kindness.

We wish for our children to be happy and flourishing in the present, while preparing for and stepping confidently into a bright future.

We achieve this in an environment that is forward-thinking, holistic and dynamic educationally, while upholding the finest traditional values and practices.

Our position as an independent 13+ prep school enables us to be flexible and adaptable to the needs of every individual child and family, supporting and preparing them for their future education with confidence.

STRATEGIES TO ACHIEVE THE PRIMARY OBJECTIVES

The Board's main objective for the year continued to be the education of the School's pupils aged between 3 and 13 to the highest possible standard, so that they will succeed with their application to, and subsequent careers in, their chosen senior schools.

To assist in achieving this objective, the Board’s strategy was to maintain and improve the physical buildings and assets of the School and maintain the appropriate number and quality of motivated staff to deliver the widest and most appropriate curriculum to its pupils.

ACHIEVEMENTS AND PERFORMANCE

Review of achievements and performance for the year

Of the 46 Year 8 leavers, all went on to their first choice of a wide variety of senior schools, which totalled 17 this year. Additionally, 18 of these pupils were awarded scholarships or exhibitions reflecting their prowess in either the Academic, Drama, Art, Music, or Sporting disciplines. Elsewhere in the School the overall academic achievement was similarly buoyant, with drama, music, art and sport featuring most extensively in the life of the School's pupils.

To extend their learning beyond the classroom, Year 6 experienced a three day combined History and Geography fieldtrip to Derbyshire in June, Year 7 undertook the personally challenging week’s outward bound course in Wales in September and a week of language and history in France in June, whilst Year 8 also had a week in France in September. Additionally, a group of Year 6-8 children enjoyed a 4 day Classics trip to Naples in October and a large group of Year 5-8 children improved their skiing on a trip to the Alps in March. To round off the year, Year 8 leavers undertook a week of adventure and fun in Cornwall, as part of their post Common Entrance programme, which enabled them to spend some special time together before heading off to their various senior schools.

Facilities

Facilities completed in the last 10 years include the Performing Arts Centre (2015), the Library (2016), the Qube Classroom block (2017), a second ICT suite (2017), the resurfacing of the astroturf (2018) and the restoration of the Victorian pond (2019). All have continued to serve an excellent educational facility, enhancing the children’s learning experiences.

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In 2020 the School began a programme of refurbishment of existing classrooms with the first four classrooms completed in the 2020/21 academic year and two further classrooms refurbished in 2021/22. A new canopy was also constructed to partially cover the Reception year outdoor play area to extend use of this facility through all seasons. In the summer of 2021 further improvements were made to the Pre-Prep outdoor play areas including the addition of some all-weather astroturf to the Nursery play area and willow fencing to enclose the Reception year outdoor area. In addition, the boys’ boarding facilities were renovated to modernise and rejuvenate the bedroom spaces.

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BEAUDESERT PARK SCHOOL TRUST LIMITED ANNUAL REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

In the autumn term of 2021 the School’s mini-astroturf was resurfaced and new retractable cricket nets installed enabling this area to be used as a multi-use sporting facility. In the summer of 2022 the hardcourts were also resurfaced with a new tarmac layer covered by a thin carpet which enables the space to be used for hockey and ball sports whilst still remaining suitable for tennis and netbail, thus widening use of this facility across the school year.

In 2024 the Pre-Prep play area was expanded and new outdoor climbing equipment installed. A classroom was converted into a new and very welcoming “wellbeing” hub for children called “The Nook”. In addition, the girls’ boarding facilities were renovated to create bright, light and inspiring bedroom spaces,

In 2025 the School commenced a significant project to completely renovate the indoor swimming pool which has entailed removing the entire structure, other than the pool itself, and rebuilding from the ground up. This project will be completed in 2026.

Public benefit

Beaudesert Park School remains committed to the aim of providing public benefit in accordance with its founding principles. Charity law has introduced a requirement to demonstrate public benefit for charitable purposes where it has hitherto been presumed in the absence of evidence to the contrary. This calls in turn for more detailed disclosures concerning our activities. Educational e The independent sector as a whole, and Beaudesert in particular, provides excellence in “challenging subjects”.

• e While nationally the number of children studying languages has declined, the School continues to teach all children modern foreign languages.

• e All children are screened for Special Educational Needs. The provision of specialist support to those identified with needs is in itself a public good.

• ¢ As part of the School’s development and improvement planning the standards of the School’s education are reviewed annually against national benchmarks and the School's educational provision exceeds those benchmarks.

• The School uses its own resources to recruit people into the teaching profession, then to induct and train them. They are actively assisted in achieving Qualified Teacher Status, which allows teachers to move to the maintained sector should they wish.

• e The School’s Head of Pre-Prep is a co-opted governor for Nailsworth C of E Primary School.

Wider community and partnerships

• e The School is constantly seeking new ways in which to deliver its charitable objects to young peopie without regard to wealth, race, religion, social or academic status.

• e The School has developed and continued links with our local community including: o Access to facilities for schools in the maintained sector, for example developing links with Avening Primary School, Brimscombe Primary School and Acorn School to utilise the School’s pool for swimming lessons.

• Access to facilities for local children’s sports teams, for example access to the School's astroturf for evening training for Minchinhampton Under 9's, Under 11’s and Under 13’s football teams, and access to the School’s playing fields to host the Gloucestershire Cricket Board’s week long Under 10’s cricket festival.

• Access to the swimming pool for the iocal community in the early mornings, evenings and at weekends, including for children of primary school age to use and learn to swim through the Saturday Swim School.

• oe Access to the Schooi’s music facilities for local children when it acts as a centre for Associated Board for Music Exams.

• Charity fundraising both in terms of money raised and collections, such as supporting the Macmillan Cancer Coffee Morning, collecting food through our Harvest Festival service for Stroud Foodbank, raising funds for Children in Need and the British Legion, and making donations to the Gloucestershire Deaf Association and Future Talent, a charity who inspire young musicians. 40 shoeboxes full of gifts were donated as part of Operation Christmas Child and 140 pencil cases filled with stationery were distributed to local families via the Foodbank. Again this year, children from Years 3

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" BEAUDESERT PARK SCHOOL TRUST LIMITED ANNUAL REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

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  - to 6 took part in the Restless Development children’s triathlon at Clifton College raising over £1,000. Our annual charity shopping fair also saw £8,500 raised for Gloucestershire Young Carers.

• Visits to residents of care homes in Minchinhampton and Nailsworth as part of activities programmes or with the Pre-Prep choir, combined with fundraising events for these centres and for the Longfield Hospice in Stroud.

• e During the year the School continued its link with Widden School, a multicultural primary school in Gloucester. Pupils from Year 4 in each school experienced the environment of the other to gain an understanding of the lives of others from different backgrounds and cultures.

Environmental and sustainability

• e The School is committed to educating its pupils about environmental and sustainability issues. Children from Nursery to Year 3 have Forest School lessons, while Ecology is also taught from Year 3 to Year 5 as a dedicated subject. Our Eco-Committee once again achieved Green Flag status for the School having undertaken various Eco-School projects encompassing global citizenship, biodiversity and waste. More widely, learning about the environment and matters of sustainability are embedded within the Science curriculum and our programme of assemblies. The renovation and restoration of the Victorian pond encourages ecological interest and commitment amongst the pupils. A part of the School estate has been set aside as a wildflower meadow and native trees and hedge species have been planted to encourage more wildlife.

• e During the 2023/24 academic year the School commissioned an Estate Decarbonisation Plan and will use it to help formulate a long-term strategy to achieve Net Zero carbon.

Financial and access

• *« Bursaries — [tis important to us that access to the education we offer is not restricted to those who can afford our fees. The School's bursary policy has been authorised by the Trustees and forms part of the School’s public benefit strategy which contributes to a widening of access to the education we offer and the facilities we enjoy. The aim of the bursary policy is to ensure that prospective and current parents are aware of the bursary provision and the process by which they can apply. The Trustees are committed to assisting access to the School by offering means-tested financial support with the payment of school fees. Bursaries may be awarded in the form of a discount of up to 100% of the day tuition fees, depending on the financial circumstances of applicants.

• e The School supported 18 children with financial help during the year amounting to fee assistance of £152,694 (2024: £197,224).

• e To ensure that music advancement is appropriately encouraged to the highest levels, pupils who have attained Grade 5 in any particular instrument are offered subsequent free music tuition for that instrument amounting to £2,339 in the year for 3 pupils (2024: £1,280 for 3 pupils).

In the furtherance of these aims Beaudesert Park School Trustees have complied with the duty in s.17 of the Charities Act 2071 to have due regard to the Charity Commission's published general and relevant sub-sector guidance concerning the operation of the Public Benefit requirement under the Act.

FINANCIAL REVIEW

Results for the year

The School’s operating surplus for the year was £766,763 (2024: £250,117) which included donations of £1,011,995 (2024: £1,248) as below. The School's total unrestricted surplus for the year was £956,977 (2024: £282,475) and is equivalent to 11.3% of total income (2024: 3.6%).

Fundraising performance

No formal fundraising for the School has been undertaken in 2024-25 or in the prior year. The majority of the donated income in the year was from two unsolicited gifts totalling £1,010,000.

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BEAUDESERT PARK SCHOOL TRUST LIMITED ANNUAL REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Regarding ‘normal’ fundraising activities, the School does not use professional fundraisers or have any commercial participators. All fundraising activities are managed by the School Office and monitored by the Finance Director, with overall oversight by members of the governing body.

No complaints relating to fundraising were received by the School during this financial period. However, the School has in place procedures that would be followed in the event of a complaint being received with the initial response being the responsibility of the Finance Director. Any continuing issues would then be passed to the governing body to determine what further action might be required.

The School does not subscribe to any specific fundraising standards or schemes for fundraising regulation but considers that it has set appropriate standards for the operation and management of its fundraising activities. In particular, the School considers that its processes and controls should ensure that vulnerable people and other members of the public are protected from any unreasonable intrusion on a person’s privacy and that no fundraising activities would be unreasonably persistent or place undue pressure on a person to give money or other property.

The Schoo! has a separate volunteer parent body, the Friends of Beaudesert, which aims to organise social events for parents and pupils. The Friends also undertake some general fundraising activities, most notably the annual Autumn Fair held on site at the School, the proceeds of which are donated to a charity of their choice.

Investment policy, objectives and performance

All liquid resources are secured in bank current accounts, fixed term cash deposits, T-Bills and government bonds pending the need for the funds for working capital, future building, maintenance and development programmes. The School currently does not have any other form of investments. The School's investment approach is, therefore, to achieve the best financial return possible within the constraints of maintaining appropriate liquidity and investing in low-risk assets. Target returns for investment are either above the cost of funds raised or, in the case of retained surpluses and general school monies, returns as close to Bank of England base rates as can be achieved while meeting the School's liquidity and capital preservation requirements. In the period, these goals were met.

To the extent that suitable investments in future include those with social, environmental or ethical implications, investment decisions will take these into account in the context of the School's ethos and responsibilities in these areas.

Reserves level and policy

The Trustees’ policy is over time to build up free reserves (General Funds less Tangible Fixed Assets) out of annual operating surpluses towards a level equivalent to approximately one term's expenditure (circa £2m). This reflects the need to cover the risks and uncertainties of operating as an independent educational establishment, but will be subject to the prior demands of capital expenditure programmes to equip the Schoo! with the up-to-date facilities needed to maintain the standard of educational services currently provided. Going forward, and within the objectives of the policy, the Trustees will use its credit facility and any like it to fund further small capital developments as and if required.

The School's unrestricted funds stood at £11.2m (2024: £10.3m) at the year end with free reserves of £3.4m (2024: £2.3im). Unrestricted funds are used to fund the School’s premises and equipment totalling £7.8m, net of the School’s working capital and cash reserves. Day to day working capital needs were met by careful management of the School's liquid resources.

The School had no restricted funds this year (2024: £9, 456 which were used for means tested bursaries). The School also has a designated fund of £126,920 (2024: £116,237) which is designed to fund means~tested Bursaries when the restricted fund is exhausted, if the need arises.

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BEAUDESERT PARK SCHOOL TRUST LIMITED ANNUAL REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

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FUTURE PLANS

The School continues to plan to provide the most stimulating and all round education to its pupils and in that regard aims to increase, enhance and maintain its educational resources and facilities to provide the most motivating learning environment.

During the course of the academic year 2019/20 a new 5 Year Strategic Development Plan was agreed in consultation with all staff and members of the Board of Governors. This was formally launched in the summer of 2020 to guide the School’s planning through to 2025. It includes the development of the School's academic, pastoral and boarding provision, with particular focus on character development, breadth of opportunity and the enhancement of community, charity, diversity and environmental awareness. Appropriate development of facilities to support these aspirations is also included.

A new 5 Year Strategic Development Plan will be developed during the 2025/26 academic year and will be designed to enhance the agreed strategic aim to strengthen our position as the premier prep school in the South West. The six main limbs of that plan are:

• e increasing market share and market reach; e Development of years 7 and 8 provision; e Development of boarding; e Increasing bursaries and widening access; e Academic development to ensure that opportunities and outcomes are world class; ¢ Development of the relationships between curriculum, co-curriculum and super-curriculum.

On 6" March 2026 a Merger Deed was signed between Beaudesert Park Schoo! and Rugby School. At the heart of the Board’s decision to merge has been the schools’ very closely shared ethos, values and purposes. Through this partnership Beaudesert will retain all of its identity and ethos and will continue to operate as a self-standing school but now with the benefits of being supported by the Rugby School Group. Rugby is committed to the long-term success of Beaudesert and has undertaken to make a seven figure investment in the School's site, facilities and infrastructure to support the strategic development of the School as outlined above.

RISK MANAGEMENT

The Trustees have given consideration to the major risks to which the School is exposed. The Governing body has ultimate responsibility for managing any risks faced by the School. Detailed consideration of risk is delegated to the Governance & Compliance Committee, and from there to the other subcommittees of the Board for the areas relevant to each of them, reporting formally to the Board each year. Routine management of risk is delegated to the Head and Finance Director, supported by the Senior Leadership Team. The risk management process and the resulting risk register identifies risks, assesses their impact and likelihood and, where necessary, recommends controls to mitigate and monitor risks, in particular those assessed as high.

Principal risks

The Board continues to identify and review the major risks to which the School is exposed. In particular, the School recognises three principal risks, summarised below:

Loss of Financial Security

External forces, including economic factors such as inflation, energy prices, costs of living, increases to employer National Insurance contributions and a change in government policy toward independent schools removing mandatory Business Rates Relief and imposing VAT on fees, may combine to undermine affordability for parents and the financial resources and/or operating model of the School. The key controls to mitigate this risk are:

• Maintaining an effective financial planning framework, including detailed scenario analysis, cost and investment spending disciplines, financial controls and reserving policy.

• e Spending on resources required to maintain high educational standards while raising fee levels by the minimum amount to do so.

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BEAUDESERT PARK SCHOOL TRUST LIMITED ANNUAL REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

• e Providing bursary support and fee assistance in certain cases where families require it to benefit from the School.

• e Utilising external advice from relevant associations (including ISC, AGBIS, ISBA) and professional providers, as necessary.

Loss of Reputation due fo Falling Educational Standards

High educational standards are a pre-requisite to ensure the excellent reputation of the School is preserved. The key controls to mitigate this risk are:

• e Effective structures for school management, communication and reporting. « Employing, retaining and training excellent teaching staff.

• e Disciplined programme for staff appraisal and monitoring.

• e Resources, time and priority given to staff wellbeing. e Maintaining the quality of contingent remote learning provision.

Failure to Comply with Statutory Regulations

in order to provide a safe environment for pupils, staff and other visitors as well as appropriate levels of education, the School is required to comply with a variety of statutory regulations. The key controls to mitigate this risk are:

• « Comprehensive policies and procedures, reviewed by Governors, the Head and the Finance Director at least annually and familiar to staff as necessary for their roles.

• e Internal and external reviews and checks, with the necessary resources provided, to confirm compliance with laws, guidelines and good practise.

• e Relevant and adequate insurances in place, reviewed annually by the Governance & Compliance Committee.

• e Ongoing training, including as dictated by changing regulation. e Clear and established safeguarding protocols, procedures, controls and roles.

The Trustees believe that the School's financial resources, contingency planning and management of risks are sufficient to ensure the ability of the School to continue as a going concern for the foreseeable future.

AUDITOR

In accordance with Section 485 of the Companies Act 2006, a resolution proposing Crowe U.K. LLP's reappointment as auditor will be put to the Annual General Meeting.

This Annual Report, prepared under the Charities Act 2011 and the Companies Act 2006, was approved by the Governing Body of Beaudesert Park School on 17" March 2026, including in their capacity as company directors approving the Strategic Report contained therein, and is authorised on its behalf by: Mir S Jones Chair of Trustees pre

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF BEAUDESERT PARK SCHOOL

TRUST LIMITED

Opinion

We have audited the financial statements of Beaudesert Park School Trust Limited for the year ended 31 July 2025 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• e give a true and fair view of the state of the charitable company’s affairs as at 31 July 2025 and of the incoming resources and application of resources, including its income and expenditure for the year then ended;

• e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• e have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

in auditing the financial statements, we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

, Our responsibility is to read the other information and, in doing so, consider whether the other information | is materially inconsistent with the financial statements or our knowledge obtained in the audit or | otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent 7 material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 7 is a material misstatement of this other information, we are required to report that fact. | We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion based on the work undertaken in the course of our audit

• e the information given in the Trustees’ report, which includes the directors’ report and the strategic report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• e the strategic report and the directors’ report included within the Trustees’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In light of the knowledge and understanding the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report included within the Trustees’ report.

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report included within the Trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• e adequate accounting records have not been kept: or

• e the financial statements are not in agreement with the accounting records and returns; or

• e certain disclosures of Trustees’ remuneration specified by law are not made; or

• e we have not received ail the information and explanations we require for our audit.

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement on page 5 the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was considered capable of detecting irregularities, including fraud

irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the Charitable

13

Company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011, together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context were The Education (Independent School Standards) Regulations 2014.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be with the completeness and accuracy of bursaries, remissions and other fee concessions, and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, The Finance Director and the Finance Sub-Committee about their own identification and assessment of the risks of irregularities, sample testing on bursaries, remissions and other fee concessions, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, Independent Schools Inspectorate, Ofsted and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non­ compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council's website at: www.frc.orq.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Tara Westcott Senior Statutory Auditor For and on behalf of

Crowe U.K. LLP Statutory Auditor 4th Floor St James House St James Square Cheltenham GL50 3PR

Date: 19 March 2026

14

BEAUDESERT PARK SCHOOL TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating a Summary Income and Expenditure Account) FOR THE YEAR ENDED 31 JULY 2025

		Unrestricted		Restricted	2025	2024
		Funds		Funds	Total	Total
	Notes	£		£	£	£
INCOME FROM:
Charitable activities
School fees receivable	2	6,546,400		-	6,546,400	6,976,593
Ancillary trading income	3	653,027		-	653,027	639, 358
Other income		16,165		-	16,165	28,906
Donations & Grants Receivable	4	1,011,995		-	1,011,995	1,248
Other trading activities		103,278		“	103,278	114,458
investment income		65,966		3,076	69,042	110,608
Other income		95,941	_	-	95,941	3,038
Total income		8,492,772		3,076	8,495,848	7,874,209
			___
EXPENDITURE ON:
Charitable activities:
Education		7,716,553		12,532	7,729,085	7,624,092
Total expenditure	5a/b	7,716,553		12,532	7,729,085	7,624,092
Net income / (expenditure)		776,219		(9,456)	766,763	250,117
before investment gains
Gains on investments	8	180,758		-	180,758	35,517
Funds brought forward	13/14	10,286,569		9,456	10,296,025	10,010,391
Fundscarriedforward	13/14	11,243,546		-	__11,243,546	10,296,025

The notes on pages 18 to 29 form part of these financial statements.

15

BEAUDESERT PARK SCHOOL TRUST LIMITED COMPANY NUMBER: 00937554 BALANCE SHEET AS AT 31 JULY 2025

	Note		2025		2024
		£	£		£	£
FIXED ASSETS
Tangible fixed assets	7		7,814,121			7,969,428
Investments	8		4,964,262 12,778,383		4,285,222 © 12,254,650
CURRENT ASSETS
Stocks		6,078			15,609
Debtors	9	590,928			522,238
Cash and deposits		705,358		___2,023,394
		1,302,364			2,561,241
CREDITORS (amounis falling due within
one year)	10	(1,455,578)			(2,279,991)
NET CURRENT ASSETS			(153,214)			281,250
TOTAL ASSETS LESS CURRENT LIABILITIES			12,625,169			12,535,900
CREDITORS (amounts falling due after
more than one year)	11		(1,381,623)	_	(2,239,875)
NET ASSETS			11,243,546		__	10,296,025
FUNDS:
Restricted	14		“			9,456
Unrestricted:
Designated	13		126,920			116,237
General	13		11,116,626		10,170,332
TOTALFUNDS			11,243,546			10,296,025

The financial statements were approved and authorised for issue by the Board of Trustees on 17 March 2026. and were signed on its behalf by:

Mir S Jones Chair of Trustees

7

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The notes on pages 18 to 29 form part of these financial statements.

16

BEAUDESERT PARK SCHOOL TRUST LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025

		2025				2024
		£	£		£	£
Cash flows from operating activities:
Net income for the year			766,763			250,117
Adjustments for:
interest received			(69,042)			(110,608)
Finance costs			2,434			3,203
Profit on Sale of fixed assets			(167)			(320)
Depreciation charges			484,916			472,536
Decrease in stock			9,531			3,282
(Increase) in debtors			(68,690)			(27,146)
Increase/(Decrease) in creditors			(562,122)			512,512
Increase/(Decrease) in fees in advance		(1,120,543)				2,824,798
Net cash provided by operating
activities			(556,920)			3,928,374
Cash fiows from investing activities:
Purchase of tangible fixed assets	(329,609)			(253,881)
Purchase of investments	(12,114,238)			(4,225,	138)
Disposal of investments	11,640,000				-
Increase in investment cash	(24,044)			(24,567)
Proceeds from sale of tangible fixed		167			320
assets
Interest received		69,042		110,608
		—
Net cash used in investing activities			(758,682)			(4,392,658)
Cash flows from financing activities:
Finance costs paid	_(2,434)			(3,203)
Net cash used in financing activities			(2,434)			(3,203)
Change in cash and cash equivalents in the year		(1,318,036)				(467,487)
Cash and cash equivalents at the beginning of the year			2,023,394			2,490,881
Cash and cash equivalents at the end of
the year			705,358			__ 2,023,394
Notes to the Statement of Cash Flows
ANALYSIS OF CASH AND CASH EQUIVALENTS
		At 1 August	Cash	Flow	At 31 July
		2024				2025
		£		£		£
Cash in hand and at bank		7,513,301	(918,270)		595,031
Short term deposits		510,093	(399,766)		110,327
Total		2,023,394	(1,318,036)		705,358

The notes on pages 18 to 29 form part of these financial statements.

17

: BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

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1. ACCOUNTING POLICIES

a) CHARITY INFORMATION

Beaudesert Park School Trust Limited is a registered charity with the Charities Commission England and Wales (charity number: 311711) and was incorporated as a private company limited by guarantee (company number: 00937554). The address of its registered office is Beaudesert Park School, Minchinhampton, Gloucestershire, GL6 9AF.

b) BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with the Charities Act 2011, the Companies Act 2006, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Beaudesert Park School Trust Limited meets the definition of a public benefit entity under FRS 102.

c) GOING CONCERN The Governors have undertaken planning and forecasting for at least the next 18 months and continue to closely monitor the economic and political situation. Despite the current circumstances the Governors believe that the School's financial resources and contingency planning is sufficient to ensure the ability of the School to continue as a going concern for the foreseeable future, being at least twelve months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis.

• d) INCOME

All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is a probability of receipt. The following accounting policies are applied to income:

School Fees and Similar income

School fees represent gross fees receivable, including fees for extracurricular activities less allowances, bursaries and other remissions granted by the School.

Investment Income

Investment income is taken into account in the financial period in which it is due to be received.

Donations & Grants Receivable

Donations are recorded in the Statement of Financial Activities when the School has entitlement to the funds, any performance conditions attached fo the items have been met, it is probable that the income will be received and the amount can be measured reliably. Where donations are received only to be used for a specific purpose they are allocated to the appropriate restricted fund.

Grants from government bodies and other sources are received for specific projects/costs and are recognised in accordance with their individual terms and conditions. Income is recognised when the School has entitlement to the funds which is when any performance conditions attached are met, it is probable that the income will be received and the amount can be reliably measured. Grant income will be deferred if received in advance of meeting performance conditions or if the funder specifically states that the income must be spent in a future accounting period.

e) EXPENDITURE Expenditure is accrued as soon as a liability is considered probable. Expenditure is allocated to expense headings on a direct cost basis, with staff costs being allocated according to the estimated time spent by staff working in relevant departments.

Governance costs include costs involving the trustees and the direction of the School and are included within support costs.

18

BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. ACCOUNTING POLICIES (continued)

2. f) FUND ACCOUNTING The School maintains various types of funds as follows:

Restricted Funds

Restricted funds represent grants, donations and legacies received which are allocated by the donor for specific purposes.

General Funds

General funds are unrestricted funds representing funds which are expendable at the discretion of the Trustees in the furtherance of the objects of the School. Such funds may be held in order to finance both working capital and capital investment.

Designated Funds

Designated funds comprise unrestricted funds that have been set aside by the Governing body for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

• g) TANGIBLE Fixed ASSETS AND DEPRECIATION

Tangible fixed assets are stated at cost less depreciation. Depreciation is not provided on freehold land. On other assets depreciation is provided on cost in equal annual instalments over the estimated economic lives of the assets. The rates of depreciation are as follows:

Freehold Buildings 2-10% straight line Piant and Machinery 20-50% straight line Computers 10-33.3% straight line Fixtures, fittings and equipment 15% straight line

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the Statement of Financial Activities. Items costing less than £500 are written off as an expense as acquired.

Assets in the course of construction are included at cost. Depreciation on these assets is not charged until they are brought into use.

h) INVESTMENTS Listed investments are valued at market value as at the balance sheet date. Unrealised gains and losses arising on revaluation are credited or charged to the Statement of Financial Activities.

• i} STOCKS Stocks are stated in the Balance Sheet at the lower of cost and net realisable value.

• j) DEBTORS Short term debtors are recognised at the settkement amount after any impairment.

• k) CREDITORS Short term creditors are normally recognised at their settlement amount after allowing for any trade discounts.

• ) ADVANCE FEE SCHEME CREDITORS Amounts received under the School’s Advance Fee Scheme contracts for education, not yet utilised to settle school fees, are recorded as deferred income and allocated as current liabilities where the education will be provided within 12 months of the Balance Sheet date, and as long-term liabilities where the education will be provided in subsequent years.

J) CASH AT BANK Cash is represented by cash in hand and deposits with financial institutions.

19

" BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

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7 : 7 7

1. ACCOUNTING POLICIES (continued)

k) TAXATION

The School is a registered charity and, as such, is entitled to taxation exemptions on ail its income and gains properly applied for its charitable purposes over the period of these financial statements.

n} VALUE ADDED Tax

VAT legislation changed during the period of these financial statements. The School is now able to recover value added tax charged by suppliers on all invoices since 18! December 2024 (VAT registration date) relating to VATable supplies of education. All unrecovered VAT prior to this date has been included in the financial statements with the expenditure to which it relates.

o} OPERATING LEASES

Rental costs under operating leases are charged to the Statement of Financial Activities in equal annual amounts over the periods of the leases.

p} PENSION CosTs

On 31 December 2019 the School withdrew from the Teachers’ Pension Scheme and now operates a defined contribution scheme for all its staff, the assets of which are held separately from those of the School. The pension cost charge represents contributions payable by the School to the scheme.

q) LIABILITIES

• Liabilities are recognised once there is a legal or constructive obligation that commits the School to the obligation.

r) FINANCIAL INSTRUMENTS The School only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

• s) JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The items in the financial statements where these estimates and judgements have been made include the following:

Useful economic lives of tangible fixed assets

The annual depreciation charges for the tangible fixed assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on economic utilisation and the physical condition of the assets. See note 7 for the carrying amount of the tangible fixed assets and note 1g for the useful lives for each class of asset.

Impairment of debtors

The School makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 9 for the net carrying amount of the debtors and associated impairment provision.

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20

BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. CHARITABLE ACTIVITIES - FEES RECEIVABLE

Fees receivable represent gross school fees invoiced less discounts and allowances.

		2025	2024
		£	£
	School fees	6,686,562	7,138,053
	Discounts and allowances:
	Fee support	(152,694)	(197,224)
	Fees less discounts	6,533,868	6,940,829
	Add Back: Bursaries and other awards paid for by
	restricted funds	12,532	35,764
		6,546,400	6,976,593
3.	CHARITABLE ACTIVITIES — ANCILLIARY TRADING INCOME
		2025	2024
		£	£
	Trip income	89,557	125,320
	Music income	239,079	248,128
	Tuition fees	147,391	149,485
	Other fee extras	177,000	116,425
		653,027	639,358
4.	DONATIONS & GRANTS RECEIVABLE
		2025	2024
		£	£
	Donations	4,011,995	1,248

21

BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

:

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5(a). EXPENDITURE — Analysis of total expenditure

		Staff Costs	Other	Depreciation	2025	2024
		£	£	£	£	£
Charitable activities
Education	4,538,096		464,586	-	5,002,682	5,038,397
Housekeeping costs		32,346	326,247	-	358,593	370,637
Premises costs		”	696,934	484,916	1,181,850	1,100,323
Marketing and		-	32,977	-	32,977	33,802
publicity
Scholarships and
discounts from
restricted funds		-	12,532	-	12,532	35,764
Support costs and
governance		818,236	322,215	-	1,140,451	1,045,169
Total expenditure	5,388,678		1,855,491	484,916	7,729,085	7,624,092
5(b). EXPENDITURE —		Other disclosures
					2025	2024
					£	£
Governance included in support costs:
Auditor's remuneration — for audit					11,650	13,560
Professional fees — corporation tax &VAT advice					4,745	-
Reimbursement of	personal expenses to Governors — travel costs				2,051	1,873
Othergovernance costs					13,422	11,646
					28,213	27,079

Travel expenses of £2,051 (2024: £1,873) were reimbursed (or accrued) in relation to three Trustees (2024: two Trustees).

	2025	2024
	£	£
Charitable activities expenditure includes:
Depreciation ofowned assets	484,916	472,536
Lease paymenton School playing field	4,260	4,139
Bank charges	2,434	3,203
Pensioncosts	526,300	513,068

1. INFORMATION REGARDING TRUSTEES AND EMPLOYEES

Trustees’ emoluments and expenses:

No Trustee, or person related as close family or connected by business to them, has received any remuneration or other benefits from the School during the year.

	2025	2024
	£	£
Employee costs during the period:
Wages and salaries	4,429,907	4,482,784
Social security costs	432,471	394,510
Pension costs	626,300	513,068
	5,388,678	5,390,362

Included within wages and salaries above is £360,122 (2024: £372,348) relating to catering and cleaning wages for staff that are not directly employed by the School, but by the catering and cleaning suppliers.

22

BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

6. INFORMATION REGARDING TRUSTEES AND EMPLOYEES (continued)

	2025	2024
Average number of persons employed:	No.	No.
Teaching staff	81	82
Peripatetic music and activities	22	22
Support staff	37	38
Catering	16	16
	156	158
The number ofemployees whose emoluments exceeded £60,000 were:
	2025	2024
	No.	No,
£60,000 - £70,000	1	3
£70,000 - £80,000	3	1
£90,000 - £100,000	4	1
£100,000-£110,000	1	1

The highest paid employee was a member of the Schools Group Personal Pension Defined Contributions Scheme. Contributions during the year were £17,120 (2024: £16,595).

During the year there were £12,000 redundancy or termination payments (2024: £4,000).

						2025		2024
						£		£
	Aggregate employee benefits ofkey management personnel					445,669	422,717
	This includes gross salary,		employers’	pension and employers’ National		Insurance	costs.
7.	TANGIBLE FIXED ASSETS
		Freehold	Plantand	Computer	Fixtures,	Assets Under		Total
		Land and Buildings	Machinery		Fittings and Equipment	Construction
		£	£	£	£		£	£
Cost
Al 7 August
2024		12,008,479	309,239	477,486	1,067,888		41,571	13,904,663
Additions Disposals		138,508 (69,666) _	22,440 (29,618)	44,483 (55,519)	37,930 (21,376)		86,248 (8,325)	328,609 (184,504)
At 34	July 2025	12,077,321	302,061	466,450	___ 1,084,442		119,494	14,049,768
Depreciation
Af 1 August
2024		4,594,775	265,582	286,597	788,281		-	5,935,235
Charge for the
year		295,578	19,677	86,426	83,235		-	484,916
Disposals		(69,666)	(29,618)	(55,519)	(21,376)		(8,325)	(184,504)
AtSt	July2025	4,820,687	255,641	317,504	850,140		(8,325)	6,235,647
									_
Net Book Value
At31	July2025	7,256,634	46,420	148,946	234,302		127,819	7,814,121
At314	July2024	7,413,704	43,657	190,889	279,607	_41,571		7,969,428

23

7 BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

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7 1 7

8. INVESTMENTS

INVESTMENTS
	2025	2024
	£	£
Investments held in support of the fees in	1,431,338	2,781,669
advance scheme
Other financial assets	3,532,924	1,503,553
	4,964,262	4,285,222
At 1 August 2024	4,285,222	-
Additions Disposals	12,114,238 (11,640,000)	4,225,138 -
Movement in cash	24,044	24,567
Gain on investments	180,758	35,517
At 31 July 2025	4,964,262	4,285,222
Investments comprise:
Government Bonds	4,915,651	4,260,655
Cash	48,611	24,567
	4,964,262	4,285,222

The balance of fees in advance scheme assets at the year end were held within other financial assets or within current assets as cash deposits. Investments are managed by LGB &Co Limited and held in the UK by Pershing Securities Limited.

1. DEBTORS

	2025	2024
	£	£
Fee and extras debtors	355,155	303,802
Prepayments and accrued income	139,223	218,436
Other debtors	96,550	-
	590,928	522,238

Fee debtors are stated after impairment provisions totalling £109,354 (2024: £79, 183).

10. CREDITORS (AMOUNTS FALLING DUE WITHIN ONE YEAR)

	2025	2024
	£	£
Trade creditors	160,032	107,175
Other creditors	19,560	12,089
Taxation and social security	111,676	98,377
Pension	64,366	63,057
Deposits (note 11)	41,000	40,750
Accruals and deferred income	45,901	285,131
Fees paid in advance	53,268	418,701
Fees in advance scheme (note 12)	959,775	1,244,066
Other loan	-	10,645
	1,455,578	2,279,991

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24

BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

11. CREDITORS (AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR)

	2025	2024
	£	£
Fees in advance scheme (note 12)	1,103,373	1,939,625
Deposits	278,250	300,250
	1,381,623	2,239,875
Deposits
Deposits are held for all pupils and are repayablewhen they leave the School.
	2025	2024
	£	£
Within one year (note 10)	41,000	40,750
Within one to two years	39,000	41,000
Within two to five years	111,250	122,250
Over 5 years	128,000	137,000
	319,250	341,000

1. FEES IN ADVANCE SCHEME

Parents are able to enter into a contract to pay the School tuition fees in advance. The money may be returned subject to specific conditions on the receipt of one term’s notice. Assuming pupils will remain in the School, advance fees will be applied as follows:

	2025	2024
	£	£
Within 2 - 5 years	552,630	1,017,240
Within 1 - 2 years	550,743	922,385
(note 11)	1,103,373	1,939,625
Within 1 year (note 10)	959,775	1,244,066
	2,063,148	3,183,691

The balance of £2,063,148 (2024: £3, 183,691) represents the accrued liability under the contracts. The movements during the year were:

The movements during the year were:were:
	2025	2024
	£	£
Balance at the start ofthe year	3,183,691	358,892
New contracts	123,523	3,183,697
	3,307,214	3,542,583
Amounts utilised in payment of fees	(1,244,066)	(358,892)
Balanceattheendoftheyear	2,063,148	3,183,691

25

‘ BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. MOVEMENT IN UNRESTRICTED FUNDS

==> picture [500 x 671] intentionally omitted <==

----- Start of picture text -----
|||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Year|ended|Balance|Balance| |314|July|2025|1|August|Incoming|Resources|Gains|and|Other|31|July| |2024|resources|expended|losses|transfers|2025| |£|£|£|£|£|£| |General|fund|= 10,170,332|8,492,772|(7,701,462)|180,758|(25,774)|41,116,626| |Designated|116,237|-|(15,091)|25,774|426,920| |fundTotal||| |unrestricted| |funds|10,286,|569|8,492,772|(7,716,553)|180,758|-|11,243,546_| |The|transfer|from|the|General|fund|to|the|Designated|fund|is|in|order|to|keep|the|Designated|fund|in| |monies|to|support|the|provision|of|bursaries.| |Year ended|Balance|Balance| |31|July|2024|7|August|Incoming|Resources|Gains|and|Other|37|July| |2023|resources|expended|losses|transfers|2024| |£|£|£|£|£|£| |General|fund|9,897,986|7,870,803|(7,588,328)|35,517|(45,646)|10,170,332| |Designated|70,594|-|-|-|45,646|116,237| |fund| |Total| |unrestricted| |funds|9,968,577|7,870,803|(7,588,328)|35,517|-|10,286,569| |The|Designated|fund|is|intended|to|support|the|provision|of|bursaries|when|the|restricted|funds|in|the| |Bursary|Fund|are|fully|utilised.| |14,|MOVEMENT|IN|RESTRICTED|FUNDS| |Year ended|31|July|2025|Balance|Balance| |1|August|34|July| |2024|Income|Expenditure|2025| |£|£|£|£| |Restricted|funds| |Bursary|Fund|9,456|3,076|(12,532)|-| |Total|9456|3,076|—__|(12,532)|-| |Year ended|31|July|2024| |Balance|Balance| |1|August|31|July| |2023|income|Expenditure|2024| |£|£|£|£| |Restricted|funds| |Bursary Fund|41,814|3,406|(35, 764)|9,456| |Total|41,814|3,406|(35,764)|9,456_| |Bursary|Fund|income|is|generated|as|a|result|of|fundraising.|The|use|of|the|funds|so|generated|is| |intended|to|be|to|provide|transformational|bursaries,|or|else|support|a|family|who's|circumstances| |have|changed|so|drastically|they|find|it|impossible|to|continue|to|afford|the|fees,|to|help|ensure| |that|a|Beaudesert|education|is|accessible|to|all|children|who|have|the|aptitude|to|contribute|fo|the| |life|of the|School|and|to|benefit|from|the|experience.|

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BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR .THE YEAR ENDED 31 JULY 2025

15. ANALYSIS OF ASSETS & LIABILITIES BETWEEN FUNDS

For the year ended 31 July 2025
	Unrestricted	Designated	Restricted	Total
	Funds	Funds	Funds	2025
	£	£	£	£
Fixed assets	12,778,383	-	-	12,778,383
Current assets	1,175,444	126,920	-	1,302,364
Current and long term liabilities	(2,837,201)	-	-	(2,837,201)
	11,116,626	126,920	-	11,243,546
Fortheyearended31 July 2024
	Unrestricted	Designated	Restricted	Total
	Funds	Funds	Funds	2024
	£	£	£	£
Fixed assets	12,254,650	-	-	12,254,650
Current assets	2,435,548	116,237	9,456	2,561,241
Currentandlong term liabilities	(4,519,866)	-	-	(4,519,866)
	10,170,332	116,237	9,456	10,296,025

1. PENSION COSTS

All staff (if eligible) are enrolled into the School's defined contribution scheme, the assets of which are held separately from those of the School. The pension cost charged represents contributions payable by the School to the scheme and amounted to £526,300 for the year ended 31 July 2025 (2024: £513,068). At 31 July 2025 contributions of £64,366 were due to be paid (2024: £63,057).

All pension charges are charged to unrestricted funds, in line with the fund out of which wages and salaries are paid.

17. CAPITAL COMMITMENTS

£1,386,598 unaccrued capital expenditure was contracted for as at 31 July 2025 (2024: £79,069).

1. FINANCIAL COMMITMENTS

At 31 July 2025 the School had future minimum lease payments under non-cancellable operating leases as follows:

		Plant and	equipment	Land and	Buildings
		2025	2024	2025	2024
		£	£	£	£
Expiring	within 1 year	40,060	39,346	4,438	3,488
Expiring	between 1 and 5 years	60,275	45,354	14,053	13,952
Expiring	after5years	-	-	-	363

27

BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. MENBERS

The Charity is incorporated as a Company limited by guarantee having no share capital and in accordance with the Memorandum of Association every member of the Company undertakes to contribute to its assets in the event of a winding up while s/he is a member, or within one year after s/he ceases to be a member, up to an amount not exceeding £7. At 31 July 2025 there were 17 members (2024: 17 members).

1. RELATED PARTY TRANSACTIONS

During the year, some Trustees and Senior Leadership Team members were also parents of pupils at the School. All transactions with these parents were conducted under normal commercial terms and at arms-length.

One School Trustee, J Nettleton, is a director of Blake Architects Limited who were awarded the work to rebuild the swimming pool roof after winning a competitive, arms-length tender process. Transactions in the year amounted to £26,025 (2024: £15,885). There were no outstanding balances at the year end (2024: £nif.

1. STATEMENT OF FINANCIAL ACTIVITIES — COMPARATIVE FIGURES BY FUND TYPE

					Unrestricted	Restricted	2024
					Funds	Funds	Total
				Notes	£	£	£
	INCOME FROM:
	Charitable activities
	School fees receivable			2	6,976,593	-	6,976,593
	Ancillary trading income			3	639,358	-	639,358
	Other income				28,906	-	28,906
	Donations & Grants	Receivable		4	700	548	1,248
	Other trading activities				114,458	-	114,458
	Investment income				107,750	2,858	110,608
	Other income				3,038	-	3,038
	Total income				7,870,803	—«-—«3,406=	=7,874,209
	EXPENDITURE ON:
	Charitable activities:
	Education				7,588,328	35,764	7,624,092
	Total expenditure			5alb	7,588,328	35,764	7,624,092
7	Net income / (expenditure)				282,475	(32,358)	250,117
:	before investment gains
		Gains on fees	in	advance	8	35,517	-
7	investments
7	Funds brought forward			13/14	9,968,577	41,814	10,010,391
		Fundscarriedforward			13/14	10,286,569	9,456

28

BEAUDESERT PARK SCHOOL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

22. POST BALANCE SHEET EVENTS

On 9" March 2026 Beaudesert Park School announced a merger with the Rugby School Group. The merger will formally take place on 15 July 2026.

29