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2025-08-31-accounts

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

PARKSIDE SCHOOL TRUST

GOVERNORS’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Company Number: 0667817 Charity Number: 312041

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Index
Head’s Statement 1
Status and Administration 7
Report of the Board of Governors incorporating the Strategic Report 8
Report of the Auditors 1 6
Consolidated Statement of Financial Activities 21
Balance Sheets 22
Consolidated Cash Flow Statement 23
Notes to the Financial Statements 24

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Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

HEAD’S STATEMENT by Nicole Janssen

Another year closes which has required much preparation for the introduction of girls into the PrePrep School from September 2025. This included consultation meetings, current parent survey to ascertain parent appetite, a designated ‘Co-Education’ email address for parent communications and analysis of the local market, including competitor schools. We successfully passed a ‘Material Change Inspection’ under ISI and applied for a Transition Exemption Order from the DfE to complete the procedural process of the application. Updates to the buildings to accommodate girls include girls’ toilets in the Pre-Prep building specifically with planned further works over the next two academic years. This year also saw the launch of the School’s Moral Compass: Loyalty, Integrity, Respect and Sincerity; a fresh set of guiding values that reflect the kind of individuals we aim to nurture – again, in line with the Co-Educational development. We continue to cement our local position in the marketplace, offering a tailor-made curriculum with specialist teaching, to extend and support each individual pupil in our School; evidenced in our ‘ EXCELLENT’ ISI Inspection report of September 2022 . Parkside’s exciting and innovative pedagogical methods underpin our teaching and learning methods and philosophy throughout the School; with results speaking for themselves, showing an increase in pupil progress and increased first application acceptances for chosen Senior Schools for our pupils. This year we also invested in refurbishing the swimming pool and cricket nets, fundraised for a ‘Mindfulness Wellbeing’ Garden and invested in a new MUGA surface to improve sporting facilities all year round for the pupils.

Lastly, the Alumni hosted their first two events this year with pupils from different age groups meeting up at School for two different evening events, allowing past pupils to reconnect and share their experiences with our current Year 7 & 8 pupils.

ISI Inspection Report 2022 and quotations

‘ Pupils acquire excellent knowledge, skills and understanding across a wide range of subjects as a result of well-paced, lively teaching.’

‘ Pupils’ enthusiasm and curiosity is triggered and they learn quickly.’

‘ Pupils feel safe taking risks and attempt new challenges, supported within an environment where warm and trusting relationships prevail.’

The Year 8 Class of 2025 embarked on their next adventures at their Senior Schools, with some incredible result-driven achievements detailed below.

Year 8 Common Entrance Results

A* A*-A A*-B
English 22% 74% 96%
Maths 48% 76% 89%

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Biology 5% 74% 89%
Chemistry 4% 48% 74%
Physics 22% 67% 89%

Common Entrance exams are still extremely effective and well-pitched as a curriculum that fully prepares the boys for their GCSE Syllabus; our boys continuing to record impressive results. The revision skills and preparation for these exams ensures a full understanding of the Year 9 and Year 10 curriculum; ensuring pupil success at the boys’ Senior Schools.

Year 8 Scholarships ___________

We are proud of every boy’s success as they move to Senior Schools and especially proud of the 85% of boys who applied for Scholarships in 2025 were successful with an amazing 41% receiving Academic Scholarships.

Leavers’ Destinations 2025 ___________

Some standout Scholarships and Commendations were received in Academics, Art, Drama, D&T, Football, Sport and Swimming to schools such as Epsom College, KESW, Charterhouse, St John’s, RGS Guildford and Reed’s. With no affiliation to a specific Senior School, Year 8 boys enter a wide range of Senior Schools, that are very much suited to them, as an individual; highlighting ongoing strong links between the Senior Schools’ Heads and Parkside. This year, the majority of boys went on to Wellington College, St John’s School, Leatherhead and Charterhouse School.

Curriculum:

The boys really benefit from the opportunities created to forge lifelong memories and friendships during the Leavers’ Programme, which helps equip them for life ahead; covering interesting, gritty and honest topics that young men have to face in this world today. We also celebrated their achievements at the Year 8 Prize Giving Ceremony and After Party; with the boys receiving those outstanding results, which they worked so hard for.

Our Performing Arts Department’s creative and ambitious programme of delivering 7 productions within one academic year, has been a phenomenal success; with outstanding productions and performances such as The Parkside Players’ ‘Newsies’, Year 3 and 4’s Jungle Book, Year 5’s Hamlet, Year 6’s ‘Ye Ha’ and Year 7 & 8’s ‘Oliver’.

On the Sporting front, we continue to represent well and at a highly successful level, despite being one of the smaller Prep Schools; and are rightly proud of our sporting prowess. Our 1[st] XI football team celebrated wins in ISFA and IAPS regional tournaments and reached the semi-finals in the Surrey Cup, and were runners up in our very own Parkside 7-a-side tournament . Pupils from Years 1 - 8 have participated in over 546 fixtures across 10 different sports (over 100 more fixtures than last year).

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The School’s tennis teams celebrated a 94% win-rate with children as young as Year 1 joining the Tennis Club.

Cross Country has been an area that Parkside have continued to shine this year, with three pupils finishing in the top 5 in the IAPs National finals in the Cross-country competitions.

In the Pool, Parkside yet again represented at this year’s IAPS National Swimming Championships, with 12 boys achieving remarkable national rankings in the top 30 in the country . Boys also represented Surrey County and the South East of England in Water Polo.

The following School events have taken place this year:

AUTUMN 2024

Under the Stars Ball Grandparents’ Day Anti-Bullying Week Charity Cupcake Sale (PoP) Harvest Festival Artificial Intelligence Parents’ Information Webinar Prefects’ Lunch Nursery Trip to Garson’s Farm Year 1 Trip to British Wildlife Centre Year 2 Trip to Woking Mosque Year 3 Trip to Kew Gardens Year 4 Trip to Hampton Court Year 7 Leadership & Team Building Residential Year 7 Trip to Imperial War Museum Parkside 7s – U13 Football Tournament Fireworks’ Evening Parkside Christmas Extravaganza Parkside Christmas Nativity/Quiz/Christmas Lunch/Craft Afternoon All pupils attend theatre pantomime trips to Woking and Guildford Theatres Carol Service St Andrew’s and St Mary’s Churches

SPRING 2025

Mufti Charity Day Nursery Trip to Cobham Library Owls and Reception Concert Parkside Players performing ‘Newsies’ PoP Movie Night Pre-Prep Easter Egg Hunt Pre-Prep Mother’s Day Service Reception Trip to Brookland’s Museum Senior Schools’ Fair World Book Day

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Year 1 Trip to Cobham High Street Year 2 Trip to Lightbox Gallery Year 5 Parents’ Pre-Test Information Meeting Year 5&6 Ski Trip to Les Deux Alps Year 7 Theatre Trip Year 7 Trip to Normandy Y7&8 Information Evening Y8 Pre-Loved Fancy Dress Sale Year 8 Fundraiser

SUMMER 2025

Charity Fundraising Day Class Reps and PoP Reps Lunch EYFS Tea Party Father and Son Campout Festival of Swimming Gala for Local Schools Final Assemblies New Reception Parents’ Information Meeting Notre Dame D&T Workshop Experience Nursery Sports Day Nursery Teddy Bears’ Picnic Adventure Nursery Trip to Painshill Park Owls’ & Reception Swimming Demonstration Parent and Son Tour of the School PoP Pizza and Wine Night Pre-Prep Fathers’ Day Celebration Pre-Prep Picnic Reception Trip to Godstone Farm Scholars’ Trip to London Dungeon Sports Day Reception-Y8 Squirrels’ Summer Concert Whole School Move Up Morning Whole School Summer Fête Year 1 Trip to Legoland Year 1-7 Prize Giving Year 2 & Year 7 Buddies Tea Party Year 2 Prep School Experience Morning Year 2 Swimming Gala Year 2 Trip to The Lookout Discovery Centre Year 2-3 Transition Information Meeting Year 3-8 Bake Off Competition Year 3 Production Year 3 Trip to West Wittering Year 3&4 Production Year 4 Sayer’s Croft Residential Trip

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Year 5 Production

Year 5 Pre-Test Subjects Parents’ Meeting

Year 5 Trip to Stratford-Upon-Avon

Year 6 Production

Year 7 & 8 Production

Year 6 Sleepover

Year 6 Trip to Harry Potter Studio

Year 6 Trip to Marwell Zoo

Year 6 Trip to the Science & Natural History Museum

Year 7 Leadership Day

Year 7 Senior School Scholarship Information Meeting

Year 7 Young Gentlemen’s Dinner

Year 7&8 Disco with Manor House School

Year 8 Leavers’ Celebration Evening Year 8 Leavers’ Programme (3 weeks)

Year 8 Parents’ Fundraiser Year 8 Trip to Italy and Venice

I look forward to welcoming our new pupils into the next Academic year of 2025-2026, and in particular, the girls and new starters into our Pre-Prep, whose numbers will more than double. I feel assured that evolving into a Co-Educational setting has secured the future of the School, as prospective enquiries have significantly increased since the announcement. The VAT on School fees has impacted a small number of families, with more pupils leaving for a state school option than in past years. My aim has been to ensure we are positioned well and have sufficiently planned ahead for all eventualities, due to changes outside of our control. Supporting the parents, staff and of course, pupils at Parkside is paramount, and I will strive to continue to improve the very best education and pastoral support, delivered by an outstanding team of experienced and skilled teaching staff.

Nicole Janssen BA (Hons) PGCE NPQH Head Date:

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

REGISTERED OFFICE The Manor
Stoke D’Abernon
Cobham
Surrey
KT11 3PX
CHARITY NUMBER 312041
COMPANY NUMBER 0667817
VAT NUMBER 481006321
GOVERNORS Mr Robin Southwell * (Chair of the Board)
Mrs Victoria Cheeseman *
Mrs Janet Crane
Mrs Hannah Davies*
Mrs Celia Gregory
Ms Karen Keane
Mrs Sharon Pask *
Mr Jonathan Wood *
* Member of the Finance & Risk Committee
HEAD Mrs N Janssen
BURSAR Mrs M Walsh (resigned 10 April 2026)
Mrs A Benson (appointed 9 March 2026)
PROFESSIONAL ADVISERS:
AUDITORS Moore Kingston Smith LLP
9 Appold Street
London
EC2A 2AP
BANKERS Lloyds TSB Bank Plc
5 Ockham Road South
East Horsley
Surrey
KT24 6QW
SOLICITORS Moore Barlow LLP
The Oriel
Sydenham Road
Guildford
Surrey
GU1 3SR

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Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Governors of Parkside School Trust present their annual report including the strategic report and audited accounts for the year ended 31 August 2025, and confirm that they comply with the requirements of the Charities Act, the Companies Act 2006, the Memorandum and Articles of Association and the Charities SORP.

STRUCTURE, GOVERNANCE AND AIMS

Constitution

Parkside School was established in 1879 which, following several changes of location moved to Stoke D’Abernon in 1979. Parkside School Trust was incorporated on 16 August 1960 as amended by Special Resolution dated 10 March 1984 and 15 November 1999. The latest revision to the Articles is dated 18 October 2011.

Parkside School Trust is a charitable company limited by guarantee, registered charity number 312041 and company number 0667817. The charity is also known just as Parkside School. The Governors are the directors and the charity trustees.

The company is limited by guarantee and therefore has no share capital. The liability of each member is limited to a sum not exceeding £1 on the winding up of the company.

Charitable objects

The Objects of Parkside School are “to provide and maintain any day and/or boarding school or schools for the education of boys and/or girls”.

The main charitable purpose is the Advancement of Education. The Governors have elected to run a preparatory school, providing education to boys between the ages of 2 and 13 and both girls and boys in the Nursery in 2024-2025. Although there are no gender restrictions in the Charitable Objects, the School in practice was only open to boys and the Nursery was co-educational through August 2025.

Following a successful material change application with the Department for Education, the School became co-educational in September 2025. Girls were admitted to the Pre-Prep in 2025-2026 with 28 girls in total joining Reception, Year 1, and Year 2 in Autumn 2025. Admission of girls will progress through the Prep school each academic year, with Year 8 becoming co-educational by 2031-2032.

Background and Ethos

The School welcomes pupils from all backgrounds. Pupils who move to Pre-Prep from Nursery do so automatically. Where pupils join at a later stage, the School’s Admissions Policy is not academically selective and there is a wide cross-section of academic ability. Prospective pupils are, however, tested to determine whether or not they will be able to follow the curriculum successfully and previous school reports will be consulted for evidence of good behaviour. The School operates no religious restrictions and there is no geographical restriction. In practice, pupils at the School are drawn from within a radius of approximately 20 miles.

The School is committed to safeguarding and promoting the welfare of its pupils and expects all staff and volunteers to share this commitment.

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

School’s Aims

Pastoral Care

Pastoral care underpins all aspects of School life for the children. The School has an appointed Head of Pastoral Care to lead further on this area and is continually developing additional systems to engage and communicate with both parents and pupils.

Equal Opportunities

Promoting equal opportunities is fundamental to the aims and ethos of Parkside School. We treat all our pupils as individuals and produce a learning community that embraces the diversity we see in today’s world. Parkside School is committed to equal treatment for all, regardless of an individual’s race, ethnicity, religion, sexual orientation, disability, learning difficulty, body image or social background. We believe that if an individual feels valued, they will flourish.

Public Benefit

Parkside School sets its objectives and plans its activities and the Governors have had regard to the Charity Commission’s Public Benefit guidance. The guidance is regularly reviewed and it is ensured that the School continues to act in the public benefit.

Links with the local community

During the course of the year many local organisations have used our facilities, including the swimming pool, performance hall and other available rooms. Fees for hiring these facilities have been reduced where there has been another charity or state school involved.

Structure

The Governors, who are also charity trustees, are responsible for the overall management of the Parkside School Trust. The Governing Body is made up of people with professional skills, including educational specialists, accountants and lawyers.

Currently there are 8 Governors, some of whom have a past connection to the School, for example as ex-parents, or who have joined the Board via the Nominations Committee, having been highly recommended. Much of the detailed work of the governors is carried out by committees – Education, Finance and Risk, Estates, Health and Safety, Safeguarding and Nominations.

The Governors give their time freely and no remuneration or expenses were paid in the year. No Governor or person connected with a Governor received any benefit from means tested bursaries awarded to our pupils.

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The day to day running of the School is delegated to the Head, Bursar, Executive Team and the Senior Leadership Team (SLT). The Head, Bursar and Senior members of staff attend Committee meetings as required.

The Bursar is responsible for co-ordinating the work of the Committees, preparation of the management accounts and the review of Matters Arising. The key management personnel of Parkside School are the Head and Bursar and the Executive Team.

Delivery of the School’s charitable vision and purpose is primarily dependent on the key management personnel and staff costs are the largest single element of our charitable expenditure.

Governors’ Recruitment and Training

All recommended candidates are considered by the full Board.

New Governors are invited to visit and tour the School, meet the Chairman of Governors, Head and key senior staff and are then supplied with the following information: Independent Schools Council (ISC) Manual ‘Guidelines for Governors,’ School Prospectus, Annual Report and Accounts, last Inspection Report, website details, copy of the latest ‘Articles’ of the company.

An induction process for new Governors involves the prospective Governor meeting with the Chairman of the Board of Governors to discuss the strategic plans, the School’s major projects, roles and responsibilities of the Governors, allocation of Governors to certain Committees, ‘Governance Structure of the Charity’ and attendance at relevant training courses. Governors are invited in periodically to observe lessons, meet the staff and receive training.

Risk Management

Risk Management is the ultimate responsibility of the Board of Governors/Trustees. This responsibility has been delegated to the Finance and Risk Committee. The Committee reports to the Board annually for the Board’s approval of the report and Committee meetings are minuted.

The Committee seeks to identify those significant risks that potentially could cause substantial impairment in the achievement of the School’s objects and aims. A register of these risks is maintained and reviewed annually; the Board has introduced procedures as so far as is practical and possible to manage them to an acceptable level. The Committee reminds staff and Governors of their responsibilities, in this respect, to consider potential new risks and failures.

The highest priority risks identified by the Governors were:

The Governors regularly review the effectiveness of current plans and strategies for managing all identified major risks for Parkside School.

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Health and Safety is always a significant area for risk management. The risks range from fire and infrastructure to personal risks (most notably when the pupils attend residential school trips). Parkside School Governors take this responsibility very seriously. The annual Health and Safety audit and Fire Risk Assessment are produced externally and monitored by the Health and Safety Committee.

The training of all staff in areas of Health and Safety is of paramount importance and the training programme is kept up to date by the Senior Leadership Team.

STRATEGIC REPORT

Objectives

There has been significant capital investment in all areas of the School over the past few years, particularly Nursery and Pre-Prep in 2023 with a view to future proofing the growth of the School from Nursery upwards. The new Prep outdoor play area was opened in 2024, as well as investment in the multiuse games area (MUGA) with outdoor tennis, netball, and hockey courts in July 2025, giving further communal space for pupils. The Nursery was expanded with the new Owls classroom in August 2025. These refurbishment projects were completed successfully before the start of the next academic year.

Significant digital marketing campaigns have been launched to support the all-year-round provision in the Nursery, for the EYFS up to and including Reception, along with promoting our best ever academic results so far. The Head has continued to promote the strong academic profile of the School, recruiting outstanding teachers and delivering a dynamic and varied curriculum.

Continuing to build relationships with other schools (both senior and junior) is a key objective, as well as developing our connections with the local community, including St Mary’s Church, Chelsea FC, our other local neighbours and Cobham Chamber of Commerce (‘One Cobham’).

Charity Governance Code

The Charity Governance Code continues to be reviewed with guidance sought from the template document received via the Independent Schools’ Bursars Association in conjunction with Moore Barlow.

The Board reviews progress as required.

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

REVIEW OF ACTIVITIES AND ACHIEVEMENTS

FINANCIAL REVIEW

Our finances

Parkside School is a charitable trust and as such our parents have the assurance that all the income of the school will be used for educational purposes.

As an independent school and charity, we were entitled to an 80% reduction on our business rates on the property occupied for our charitable purposes through March 2025. The financial benefits we received from this were all applied to our educational purposes.

The School pays tax through contributions made for National Insurance. Following the announcement of value added tax (VAT) of 20% on independent school fees effective 1 January 2025, Parkside School adjusted Pre-Prep and Prep fees by offering a 6.7% discount for the Spring and Summer 2025 terms. The Governors offered a means tested bursary of an additional 6.7% reduction in school fees for nine terms from Spring 2025 to Autumn 2027. VAT was charged on applicable fees and reclaimed per guidance issued by HMRC for independent schools with VAT No. 481006321.

Good management of the School’s income and expenditure, which is monitored by regular meetings of the Finance and Risk Committee, ensures confidence in the procedures within which the School operates.

The level and breadth of activity at the School is considerable and the risks associated with all activities are minimised by thorough planning and risk assessment.

Reserves Policy

The Governors regularly review the level and nature of the reserve funds of the School. At 31 August 2025, Parkside School had unrestricted funds (including amounts tied up in fixed assets) of £5,118,165 (2024 £4,662,448). Due to the investment in fixed assets the School carried free reserves as at 31 August 2025 of £731,561 (2024 £182,860). The School also had restricted reserves of £65,301 (2024 £58,134), which represents Alumni Association funds.

The Governors wish to build the Free Reserves to an amount which represents the equivalent of one term’s expenditure. However, in the short to medium term it is their intention to invest substantial sums into building projects. The Governors are mindful that, whilst executing their capital development plan, the level of free reserves held by the School will fluctuate.

Pupil numbers and fees

In the last academic year, the budgeted number of pupils was in line with predictions. At the end of Summer term 2025 there were 249 pupils on roll; the number of pupils in Pre-Prep was 44 and 154 in the Prep School with Nursery having 51.

The Governors recognise the pressure on parents to afford school fees and in order to avoid increasing the fees to cover the cost of bursaries, the School has continued its commercial activities to raise funds to offset extra costs. The Governors increased the Nursery fees by 8.5% for this financial year and increased the School fees by 5.9% in September 2024, which were then reduced by 6.7% in

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

January 2025 as a discount for the two academic terms following the announcement of 20% VAT on independent school fees.

Bursaries

Whilst the priority for Parkside School has always been the provision of a quality education for its pupils, the Governors and staff also believe in the importance of being outward looking and in providing access to Parkside School to those who cannot afford the fees. Any bursary agreed will potentially operate for the entire period a child is a pupil at Parkside School. We will consult the parents each year to reassess their financial position. This ensures funds are directed where need is greatest. Bursaries of up to 100% are available depending upon the financial position of parents. If a parent is unable to pay for the cost of school uniform, sports kit and school trips, payments to cover these additional costs can be provided under the terms of the Bursary Policy.

In assessing means, a number of financial factors are taken into consideration. Parkside School’s normal admissions procedure applies when a bursary is offered but, if more applications are received than places at any one time, priority will be given to those judged most suitable and likely to gain most from the educational provision.

In total, 12 pupils were in receipt of public benefit bursaries, which included pupils starting school and continuation of bursaries already agreed. The value of all public benefit bursaries represented 1.9% of our total gross school fees.

Other discounts

Following the Governments implementation of VAT on school fees in January 2025, the school gave all parents a two-term discount to help manage the transition, this represented a discount of 4.2% of our total gross school fees.

Parkside School has come to an agreement with School Fees Plan to run a facility for parents who wish to pay their schools fees by monthly direct debit instalments. To underline the value we place on continuity for families, we offer a discount of 10% on the youngest child for parents with three children at Parkside School, or 5% on the youngest child for parents with two children. We also offer a ‘loyalty discount’ when pupils move from Nursery to Pre-Prep. In order to attract and retain quality staff we offer a discount scheme where staff members choose to educate their children at Parkside School.

Charity Giving

The children of Parkside supported the following charities, raising a total of £3,826. This was achieved through various mufti and charity days throughout the year, as well as donations at a triathlon. The pupil-run School Council is fully involved in choosing and running fundraising events.

Linkable £402
Dementia UK
 £3,424
Total Charity Fundraising by Pupils: £3,826

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

FUTURE PLANS

The past few years have seen significant capital investment across the School, particularly in the Nursery and Pre-Prep. Going forward, the Governors intend to continue to strategically invest in the School, with a strong focus to develop and upgrade the sports facilities and grounds. Alongside this, the Governors will continue to strengthen all aspects of teaching and learning at the school. This is supported through the Education Committee.

The Governors will continue to seek value for money and ensure all costs are directly supporting the education and support of the pupils.

The School will continue to actively support and promote the local community, local schools and businesses. The effectiveness of the School’s approach to Public Benefit will be continually reviewed.

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PARKSIDE SCHOOL TRUST GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

STATEMENT OF GOVERNORS’ RESPONSIBILITIES

The Governors (who are also directors of Parkside School Trust for the purposes of company law) are responsible for preparing the Governors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the governors to prepare financial statements for each financial year which 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 governors are required to:

The Governors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time of the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The following statements have been affirmed by each of the Governors of the charitable company:

To facilitate this, the Governors rely on representations made by the Management of Parkside School.

AUDITORS

The Governors’ report including the strategic report was approved and authorised for issue by the Board of Governors at its meeting on and signed on its behalf by: 27/5/2026

Mr Robin Southwell Chairman

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PARKSIDE SCHOOL TRUST AUDITORS REPORT FOR THE YEAR ENDED 31 AUGUST 2025

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND GOVERNORS OF PARKSIDE SCHOOL TRUST

Opinion

We have audited the financial statements Parkside School Trust (the ’parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31[st] August 2025 which comprise the Consolidated Statement of Financial Activities (including the Income and Expenditure Account), the Consolidated and Parent Charitable Company Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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:

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 governors’ 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 group’s and parent 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 governors with respect to going concern are described in the relevant sections of this report.

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PARKSIDE SCHOOL TRUST AUDITORS REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The governors are responsible for the other information contained within the annual report. 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 course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 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 the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the governors’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act 2011 require us to report to you if, in our opinion:

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Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

PARKSIDE SCHOOL TRUST AUDITORS REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Responsibilities of Governors (Trustees)

As explained more fully in the governors’ responsibilities statement set out on page 15, the governors (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 governors 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 governors are responsible for assessing the group and parent 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 governors either intend to liquidate the group or parent 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

We have been appointed as auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

18

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

PARKSIDE SCHOOL TRUST AUDITORS REPORT FOR THE YEAR ENDED 31 AUGUST 2025

statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or parent charitable company to cease to continue as a going concern.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent 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.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

19

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

PARKSIDE SCHOOL TRUST AUDITORS REPORT FOR THE YEAR ENDED 31 AUGUST 2025

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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 and, in respect of the consolidated financial statements, to the charity’s trustees (governors), as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charitable company’s members and governors those matters which 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 any party other than the charitable company, the charitable company’s members, as a body, and the charity’s trustees (governors), as a body, for our audit work, for this report, or for the opinion we have formed.

Jonathan Aikens (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

Date: 27/5/2026 9 Appold Street London EC2A 2AP

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

20

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Including the income and expenditure statement) for the year ended 31 August 2025

Notes
INCOME FROM:
Charitable Activities
School fees
3
Other educational income
4
Other income
Other trading income
5
Investments
Interest received
6
Voluntary sources
Donations and grants
7
Total income and endowments
EXPENDITURE ON:
Costs of raising funds
Other trading costs
Interest and other costs
Charitable activities
Education
Total expenditure
Net operating (expenditure) / income
10
Net gains on investments
Net income and movement between funds
Transfer between funds
Net movement in funds
12
Fund balances brought forward
Fund balances carried forward
18, 19
Other Profit or Loss on sale of
assets/property		 Unrestricted
2025
£
3,892,523
297,135
258,525
32,334
46,811
4,527,327
50,785
7,124
4,647,527
4,705,436
(178,109)
633,826
455,717
-
455,717
4,662,448
5,118,165		 Restricted
2025
£
-
-
-
-
7,167
7,167
-
-
-
-
7,167
7,167
-
7,167
58,134
65,301		 Total
2025
£
3,892,523
297,135
258,525
32,334
53,978
4,534,494
50,785
7,124
4,647,527
4,705,436
(170,942)
633,826
-
462,884
-
462,884
4,720,582
5,183,466		 Total
2024
£
3,994,472
334,864
254,550
11,771
107,220
4,702,877
57,428
6,819
4,512,479
4,576,726
126,151
-
-
126,151
-
126,151
4,594,431
4,720,582

The statement of financial activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The accompanying notes form part of these financial statements.

21

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust

CONSOLIDATED AND CHARITY BALANCE SHEET as at 31 August 2025

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
17
NET ASSETS
FUNDS
Restricted funds
18
Unrestricted funds – general
18
CREDITORS: Amounts falling due
within one year
CREDITORS:Amounts falling due after
more than one year		 Group
2025
£
4,386,604
-
4,386,604
915,147
1,895,010
2,810,157
(1,779,879)
1,030,278
5,416,883
(233,417)
5,183,466
65,301
5,118,165
5,183,466		 Group
2024
£
4,479,588
-
4,479,588
894,767
1,498,268
2,393,035
(1,824,481)
568,554
5,048,142
(327,560)
4,720,582
58,134
4,662,448
4,720,582		 School
2025
£
4,386,604
1
4,386,605
959,188
1,767,585
2,726,773
(1,736,495)
990,278
5,376,883
(193,417)
5,183,466
65,301
5,118,165
5,183,466		 School
2024
£
4,479,588
1
4,479,589
1,004,666
1,265,950
2,270,616
(1,782,063)
488,553
4,968,142
(247,560)
4,720,582
58,134
4,662,448
4,720,582

No separate SOFA has been presented for the charity alone, as permitted by the section 408 Companies Act 2006. The School's surplus for the year was £462,884 (31 August 2024: £126,153).

27/5/2026 Approved by the Board of Governors of Parkside school Trust on and authorised for issue and signed on its behalf by:

Robin Southwell Board of Governors

The accompanying notes form part of these financial statements. Company Number: 0667817

22

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust CONSOLIDATED CASHFLOW STATEMENT for the year ended 31 August 2025

Net cash (used in) / provided by operating activities
Cash flows from investing activities:
Bank interest received
Proceeds from sale of property
VAT reclaimed under Capital Goods Scheme
Payments to acquire fixed assets
Net cash provided by / (used in) investing activities
Cash flows from financing activities:
Financing:
Interest paid
Receipts from fees in advance scheme
Net cash provided by financing activities
Increase in cash
Analysis of changes in net debt
Cash
Total
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period		 Notes
22
6
13
8a		 2025
£
(62,418)
32,334
653,343
106,127
(351,620)
440,184
(7,124)
26,099
18,975
396,742
1,498,268
1,895,010		 2024
£
604,995
11,771
-
-
(287,564)
(275,793)
(6,819)
298,374
291,555
620,757
877,511
1,498,268
At beginning
of year
£		 Cashflows
£		 At end of year
£
1,498,268 396,742 1,895,010
1,498,268 396,742 1,895,010

23

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

Parkside School Trust is a company limited by guarantee with registered number 0667817, incorporated and domiciled in England and Wales. Its registered office is The Manor Stoke Road, Stoke D'Abernon, Cobham, Surrey, KT11 3PX.

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Charitable Company is a public benefit entity for the purposes of FRS 102 and therefore the Group also prepared its financial statements in accordance with 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 (The FRS 102 Charities SORP), the Companies Act 2006 and the Charities Act 2011.

The financial statements are prepared in sterling, which is the functional currency of the Group. Monetary amounts in these financial statements are rounded to the nearest pound.

These financial statements are prepared on the going concern basis, under the historical cost convention as modified by the revaluation of investments and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. The principal accounting policies, which have been applied consistently throughout the year, are set out below.

The accounts present the consolidated statement of financial activities (SOFA), the consolidated cashflow statement and the consolidated and charity balance sheets comprising the consolidation of the School and its wholly owned subsidary.

Basis of consolidation - the group comprises of Parkside School Trust and Parkside School Trading Company Limited. The assets and liabilities and results of the wholly owned subsidiary are consolidated into these financial statements. Summarised details of the subsidiary company are set out in note 14.

The School has taken advantage of the exemption available to a qualifying entity in FRS 102 from the requirement to present a Charity only Cash Flow Statement with the Consolidated Financial Statements.

The governors , as the trustees, have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements.

The school is dependent on students applying to it and on parents to pay their fees. Long term forecasting of student numbers is difficult but work continues to raise the profile of the school and to maintain and enhance relationships with parents and destination schools. In making their assessment the governors have taken account of the impact of the general economic environment, particularly inflation on student numbers and costs, planned capital expenditure and the impact of VAT on school fees. Based on this the governors have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the school to continue as a going concern.

As such the School can expect to be able to meet its liabilities as they fall due in the period of at least 12 months from the date of approval of these accounts.

On this basis the Governors have concluded that the School is a going concern. The financial statements do not include any adjustments that would result from the School not being able to meet its liabilities as they fall due.

1.3 COMPANY LIMITED BY GUARANTEE

The charitable company is limited by guarantee. In the event of the charitable company being wound up the liability in respect of the guarantee is limited to £1 per member of the charity.

All income for the full year is shown in the income headings exclusive of any Value Added Tax charged.

1.5 DONATIONS

Donations received for the general purposes of the school are included as unrestricted funds. Donations restricted by the wishes of the donor or the terms of an appeal are taken to restricted funds.

1.6 EXPENDITURE

Prior to the date of VAT implementation all expenditure is included in the expense headings to which it relates, inclusive of any Value Added Tax. Subsequent of this date, all expenditure has been accounted for inclusive of any Value Added Tax that cannot be reclaimed under partial exemption.

1.7 FUND ACCOUNTING

There are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

24

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

1.8 FIXED ASSETS AND DEPRECIATION

All fixed assets are used in direct furtherance of the school’s objectives. Fixed assets are included in these financial statements at their original cost less depreciation and accumulated impairment losses provided to date.

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs less estimated residual value of each asset, by equal annual instalments, over their expected useful lives which are considered to be:

1.9 PENSIONS The school pays into a defined contribution scheme for its non-teaching staff run by Scottish Widows and a defined contribution scheme for teaching staff run by Legal & General. 1.10 INVESTMENTS The charity has an equity investment Parkside Trading Company valued at the cost of the shares. 1.11 CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.12 FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

With the exceptions of prepayments and deferred income all other debtor and creditor balances are considered to be basic financial instruments under FRS 102. See notes 15, 16 and 17 for the debtor and creditor notes.

1.13 TAXATION The School is a registered charity and is exempt from taxation as afforded by Section 505 ICTA 1988. 1.14 EMPLOYEE BENEFITS The costs of short-term employee benefits are recognised as a liability and an expense.

The School is a registered charity and is exempt from taxation as afforded by Section 505 ICTA 1988.

1.15 VAT

Following the Government's implementation of VAT on school fees, January 2025, the school registered for VAT effective 8 December 2024. The school is partially exempt from VAT as per the Value Added Tax Act 1994.

2 KEY ESTIMATES & JUDGEMENTS

In the application of the group accounting policies, the Board is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

In the opinion of the Board of Governors, the estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Critical judgements

Useful economic lives

The annual depreciation charge for fixed assets is 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 technological advancement, future investments, economic utilisation and the physical condition of the assets.

Recoverable value of fee debtors

The group 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.

25

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

3 FEE INCOME

The School’s activities are carried out within the UK.
The School's fee income comprised:
Gross fees
Less: bursaries, and discounts
4 OTHER EDUCATIONAL INCOME
Extras and disbursements
Registration fees & retained deposits
Other income
5 OTHER TRADING INCOME
Rent and lettings
Trading income
6 INVESTMENT INCOME
Investment income
7 DONATIONS AND GRANTS
2025
2025
2025
£
£
£
Restricted
Unrestricted
Total
Donations and grants
7,167
46,811
53,978
7,167
46,811
53,978
Bursaries includes £nil (2024: £4,980) of restricted expenditure.		 2024
£
Restricted
15,571
15,571		 2025
£
4,363,414
(470,891)
3,892,523
2025
£
129,961
22,467
144,707
297,135
2025
£
32,747
225,778
258,525
2025
£
32,334
32,334
2024
£
Unrestricted
91,649
91,649		 2024
£
4,309,521
(315,049)
3,994,472
2024
£
168,351
17,500
149,013
334,864
2024
£
38,405
216,145
254,550
2024
£
11,771
11,771
2024
£
Total
107,220
107,220

26

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

8 EXPENDITURE

----- Start of picture text -----
Staff costs Total
(note 9) Other Depreciation 2025
£ £ £ £
(a) Costs of Raising Funds
Trading costs 9,499 41,286 - 50,785
Financing costs - 7,124 - 7,124
Total Costs of Raising Funds 9,499 48,410 - 57,909
Charitable expenditure Staff costs Total
(note 9) Other Depreciation 2025
£ £ £ £
Publicity - 62,558 - 62,558
Teaching 2,317,212 148,145 - 2,465,357
Welfare - 307,995 - 307,995
Premises and Estates 371,089 587,192 316,567 1,274,847
Administration 358,888 131,843 - 490,731
Governance note 11 (b) - 46,038 - 46,038
Total Charitable Expenditure 3,047,189 1,283,771 316,567 4,647,527
Total Expended 3,056,688 1,332,181 316,567 4,705,435
Staff costs Total
(note 9) Other Depreciation 2024
£ £ £ £
Costs of Raising Funds
Trading costs 8,253 49,175 - 57,428
Financing costs - 6,819 - 6,819
Total Costs of Raising Funds 8,253 55,994 - 64,247
Charitable expenditure Staff costs Total
(note 9) Other Depreciation 2024
£ £ £ £
Publicity - 66,985 - 66,985
Teaching 2,075,066 229,141 - 2,304,207
Welfare - 309,798 - 309,798
Premises and Estates 312,686 619,671 371,430 1,303,787
Administration 332,655 156,571 - 489,226
Governance note 11 (b) - 38,476 - 38,476
Total Charitable Expenditure 2,720,407 1,420,642 371,430 4,512,479
Total Expended 2,728,660 1,476,637 371,430 4,576,726
(b) Other Governance Costs include: 2025 2024
£ £
Audit and Accountancy Fees 35,460 38,476
Legal and Professional Fees 10,577 -
46,038 38,475
----- End of picture text -----

27

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

9 STAFF COSTS
Wages and salaries
Contractors
Social security costs
Other pension costs
Other staff costs
The average monthly number of employees during the year was as follows:
Teaching
Other
£60,000 - £70,000
£70,001 - £80,000
£120,001 - £130,000
£130,001 - £140,000
The number of employees whose emoluments amounted to over £60,000 in the year was
as follows:		 2025
£
2,238,295
261,231
234,018
297,828
25,316
3,056,688
2025
No.
52
17
69
2025
No.
2
1
-
1
4		 2024
£
1,980,899
278,013
180,833
270,555
18,360
2,728,660
2024
No.
51
14
65
2024
No.
2
-
1
-
3

Key management personnel include the Governors and the senior executives which are made up of the Head, Deputy Head and Bursar. The total pay and benefits received by key management personnel were £357,889 (2024: £350,913).

GOVERNORS REMUNERATION AND BENEFITS

There were no Governors' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

10 PROFIT ON DISPOSAL OF FIXED ASSETS

The residential property sale of Holly Lodge, Holly Lodge Annex and the Buttery completed in October 2024 for a sales price of £735,000. Address: Holly Lodge & The Buttery, 68 Stoke Road, Stoke D'Abernon, KT11 3PX.

Property sale consideration received
Total property sales income
Property disposal
Other property sale related costs
Total property sales expenditure
Profit / (Loss) on disposal of property		 2025
£
735,000
735,000
(19,517)
(81,657)
(101,174)
633,826		 2024
£
-
-
-
-
-
-

11 PENSIONS

The school operates two money purchase Group Personal Pension Schemes, one for teaching staff and one for non-teaching staff. Contributions are made to Scottish Widows on behalf of non-teaching staff and Legal and General on behalf of teaching staff. Total contributions made to the two Personal Pension Schemes during the year were £297,828 (2024: £270,555). Contributions to these schemes are charged to the statement of financial activities as they fall due. The total pension contributions which were still outstanding as at the year end were £35,759 (2024: £31,020).

28

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

12 NET INCOME FOR THE YEAR

NET INCOME FOR THE YEAR
2025 2024
Net income is stated after charging: £ £
Depreciation of tangible fixed assets
- Owned by the charitable company 361,375 371,430
- adjustment to depreciation relating to VAT (see note 13) (44,808) -
Interest 7,124 6,819
Amounts payable under operating leases 20 28,099 37,425
Auditor’s remuneration
Audit services for the school- current year 21,960 24,222
Audit services for the school- prior year underprovision 912 7,534
Audit services for the subsidiary 2,008 1,872
Non-audit services for the school 4,290 4,848
Non-audit services for the subsidiary 6,290 -

13 TANGIBLE FIXED ASSETS

GROUP & SCHOOL

Cost:
At 1 September 2024
Additions
Disposals
Adjustment for VAT
At 31 August 2025
Depreciation:
At 1 September 2024
Charge for year
Disposals
Adjustment for VAT
At 31 August 2025
Net book value:
At 31 August 2025
At 1 September 2024		 Freehold
Property
£
6,017,343
-
(25,670)
-
5,991,673
2,421,124
119,352
(10,665)
-
2,529,811
3,461,862
3,596,219		 Motor
Vehicles
£
195,243
1,854
-
(1,365)
195,732
172,686
10,090
-
(686)
182,090
13,642
22,557		 Fixtures &
Fittings
£
2,651,639
349,766
(10,461)
(104,762)
2,886,183
1,790,827
231,933
(3,555)
(44,122)
1,975,083
911,100
860,813		 Total
£
8,864,226
351,620
(36,131)
(106,127)
9,073,588
4,384,637
361,375
(14,220)
(44,808)
4,686,984
4,386,604
4,479,589

A fixed and floating charge on the freehold property has been granted to the bank as security for the overdraft facilities.

The school registered for VAT during the year under review. As permitted under VAT legislation (The Capital Goods Scheme), a claim for a refund of input VAT on capital assets purchased previously was made. Depreciation charged on the gross cost of the relevant assets has been adjusted accordingly.

29

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

14 INVESTMENTS

Investment in subsidiary Group
2025
£
-
-		 Group
2024
£
-
-		 School
2025
£
1
1		 School
2024
£
1
1

The school owns 100% of Parkside School Trading Company Limited, registered in England & Wales number 09441239 which provides rental facilities to local and other groups. Its taxable profits are distributed under gift aid to the school.

Its trading results, extracted from its audited accounts were:

Profit and loss accounts for the year ended 31 August 2025
Turnover
Expenditure
Profit for the period
Net assets at 31 August 2025
Debtors
Cash
Due to parent undertakings
Other creditors
Capital and reserves
15 DEBTORS
Group
2025
£
Trade debtors
3,365
Fees and extras
817,682
Other debtors
-
Prepayments and accrued income
94,100
Amount due from subsidiary undertaking
-
915,147		 Group
2024
£
1,380
756,590
22,769
114,028
-
894,767		 2025
£
225,491
(17,960)
207,531
6,602
127,425
(50,643)
(83,384)
1
1
School
2025
£
-
817,682
-
90,863
50,643
959,188		 2024
£
216,145
(9,584)
206,561
1,380
232,318
(111,279)
(122,418)
1
1
School
2024
£
-
756,590
22,769
114,028
111,279
1,004,666

30

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

16 CREDITORS

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Group|Group|School|School| |Amounts falling due within one year:|2025|2024|2025|2024| |£|£|£|£| |Trade creditors|92,986|50,085|92,986|50,085| |Taxation and social security costs|233,843|47,888|233,843|47,888| |Fee Deposits|Note 16(b)|23,500|23,991|23,500|23,991| |Fees in advance|Note 16(a)|1,266,652|1,574,855|1,266,652|1,574,855| |Other deferred income|40,000|40,558|-|-| |Other creditors|48,486|45,561|48,486|45,561| |Accruals|74,412|34,034|71,028|32,174| |Amounts payable under finance leases|-|7,509|-|7,509| |1,779,879|1,824,481|1,736,495|1,782,063| |Group|Group|School|School| |16a|Analysis of movements in Deferred income:|2025|2024|2025|2024| |£|£|£|£| |Brought forward|1,574,855|1,322,816|1,574,855|1,322,816| |Released in year|(1,574,855)|(1,322,816)|(1,574,855)|(1,322,816)| |Received in year|1,266,652|1,574,855|1,266,652|1,574,855| |Carried forward|1,266,652|1,574,855|1,266,652|1,574,855| |-|-| |Deferred income relates to school fees received in advance and licence agreement income received in advance.| |2025|2024| |16b|Analysis of school fee deposits|£|£| |In one year or less|23,500|23,991| |Between one and two years|23,400|16,000| |Between two and five years|170,017|148,300| |216,917|188,291| |17|CREDITORS| |Group|Group|School|School| |2025|2024|2025|2024| |Amounts falling due after one year:|£|£|£|£| |Amounts falling due after more than one year:| |Fee deposits|Note 16(b)|193,417|164,300|193,417|164,300| |Fees in advance|-|83,260|-|83,260| |Other deferred income|40,000|80,000|-|-| |233,417|327,560|193,417|247,560|

----- End of picture text -----

31

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

18 STATEMENT OF FUNDS GROUP

Unrestricted funds:
General reserve
Restricted funds:
Old Boys Association Fund
Total restricted
Total funds
Unrestricted funds:
General reserve
Restricted funds:
Old Boys Association Fund
Fernside Trust
Total restricted
Total funds		 Income
£
£
4,662,448
4,527,327
58,134
7,167
58,134
7,167
4,720,582
4,534,494
Income
£
£
4,546,888
4,692,286
43,234
14,900
4,309
(4,309)
47,543
10,591
4,594,431
4,702,877
At 1
September
2024
At 1
September
2023		 Expenditure
£
(4,705,436)
-
-
(4,705,436)
Expenditure
£
(4,576,726)
-
-
-
(4,576,726)		 Other Gains,
(losses) &
transfers
£
633,826
-
633,826
Other Gains,
(losses) &
transfers
£
-
-
-
-
-		 £
5,118,165
65,301
65,301
5,183,466
£
4,662,448
58,134
-
58,134
4,720,582
At 31 August
2024
At 31 August
2025

SCHOOL

Unrestricted funds:
General reserve
Restricted funds:
Old Boys Association Fund
Total restricted
Total funds		 Income
£
£
4,662,448
4,509,367
58,134
7,167
58,134
7,167
4,720,582
4,516,534
At 1
September
2024		 Expenditure
£
(4,687,476)
-
-
(4,687,476)		 Other Gains,
(losses) &
transfers
£
633,826
-
-
633,826		 £
5,118,165
65,301
65,301
5,183,466
At 31 August
2025

32

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

18 STATEMENT OF FUNDS (continued) SCHOOL

Unrestricted funds:
General reserve
Restricted funds:
Old Boys Association Fund
Fernside Trust
Total restricted
Total funds		 Income
£
£
4,546,888
4,682,702
43,234
14,900
4,309
(4,309)
47,543
10,591
4,594,431
4,693,293
At 1
September
2023		 Expenditure
£
(4,567,142)
-
-
-
(4,567,142)		 Other Gains,
(losses) &
transfers
£
-
-
-
-
-		 £
4,662,448
58,134
-
58,134
4,720,582
At 31 August
2024

The restricted funds represent the total of £65,301 (2024: £58,134) relating to the £100 Old Boys Association lifetime membership that pupils pay on joining the school. The amounts for current pupils who joined pre 1st September 2019 are carried as current liabilities within the accounts. Amounts received after this date are recognised on receipt as the membership fee is no longer optional or refundable. The amounts received from past pupils are recognised as income and held in restricted funds. The Old Boys Association uses the money to fund appropriate projects within the school.

Amounts donated to the 'Fernside Trust' were held to fund the fees of pupils who meet short term or one off hardship issues. The Trust has been closed, no further donations will be taken and the balance was used to help fund bursaries granted in 2425.

33

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

19 ANALYSIS OF NET ASSETS BETWEEN FUNDS

GROUP
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
Total net assets
SCHOOL
Tangible fixed assets
Investments
Current assets
Current liabilities
Long term liabilities
Total net assets
Tangible fixed assets
Investments
Current assets
Current liabilities
Long term liabilities
Total net assets		 Unrestricted
funds
£
4,386,604
2,610,829
(1,685,852)
(193,417)
5,118,165
Unrestricted
funds
£
4,479,588
2,101,203
(1,670,783)
(247,560)
4,662,448		 Trading
company
£
-
134,027
(94,027)
(40,000)
-
Trading
company
£
-
233,698
(153,698)
(80,000)
-
Unrestricted
funds
£
4,386,604
1
2,661,472
(1,736,495)
(193,417)
5,118,165
Unrestricted
funds
£
4,479,588
1
2,212,483
(1,782,063)
(247,560)
4,662,448		 Restricted
funds
£
-
65,301
-
-
65,301
Restricted
funds
£
-
58,134
-
-
58,134
Restricted
funds
£
-
-
65,301
-
-
65,301
Restricted
funds
£
-
-
58,134
-
-
58,134		 2025
Total
£
4,386,604
2,810,157
(1,779,879)
(233,417)
5,183,466
2024
Total
£
4,479,588
2,393,035
(1,824,481)
(327,560)
4,720,582
2025
Total
£
4,386,604
1
2,726,773
(1,736,495)
(193,417)
5,183,466
2024
Total
£
4,479,588
1
2,270,616
(1,782,063)
(247,560)
4,720,582

34

Docusign Envelope ID: 75CA0083-1A65-83EC-8013-8D5644B0164F

Parkside School Trust NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2025

20 OPERATING LEASE COMMITMENTS

Total future minimum lease payments under non-cancellable operating leases are as follows:

Less than one year
Between two and five years
Total		 Motor vehicles
18,869
47,959
66,828		 Equipment
11,491
5,745
17,236		 TOTAL 24/25
30,360
53,705
84,064		 TOTAL 23/24
28,445
102,005
130,450

21 RELATED PARTIES

During the year, the school charged £7,136 (2024: £4,168) to Parkside School Trading Company Limited for the provision of staff. Parkside School Trading Company Limited made a gift aid donation to the School during the year of £207,531 (2024: £206,561). The school was owed £50,643 (2024: £111,279) by the Trading Company at 31 August 2025. During the year one governor purchased a ticket to a school event for £30 (2024: £45).

22 NOTES TO THE CASHFLOW STATEMENT

Reconciliation of operating result to net cash inflow from
operating activities
Net movement in funds
Depreciation
Bank interest received
Interest payable
(Profit) / Loss on sale of property
(Profit) / Loss on sale of other fixed assets
Increase in creditors
Increase in debtors
Net cash (used in) / provided by operating activities		 2025
£
462,884
316,567
(32,334)
7,124
(633,826)
2,393
(164,846)
(20,380)
(62,418)		 2024
£
126,151
371,430
(11,771)
6,819
-
-
(43,260)
155,626
604,995

35