Registered Company Dumber: ￿964771 lÉn818nd and Wales)
Re815tered Charlty number,. 312058
GOVERNORS, REPORT AND FINANCIALSTATEMENTS
FOR
AMESBURY SCHOOL TRUST LIMITED
(LIMITED BYGUARANTEE}
FOR THE YEAR END 31 August 2025

AMESBURY SCHOOL TRUST LIMITED ILIMITED BYGUARANTEEI
LEGAL AND ADMINISTRATIVE INFORMATION
Governors
LA Buchanan Iresi8ned 15 May 20251
C Decker Ichairl
K L Davies
l D Ferguson
D Garrod
Dr R S Klrkham Iresigned 19 June 20251
P Mundy
S Patel
S M Perrett (Vice Chairl
H F D Sturges
J Tait-Harris
J R Welham
Head
G Franklin
BLtrsar and Clerk tothe Governor5
S L Jones
Charity Number
312058
Compary Number
00984771
Reglster¢d Office & Prlnclpal Address
Arnesbury School
Hazel Sr(we
Hindhead
Surrey
GU26 68L
Audkors
TC Group
The Courtyard
Shoreham Road
upper Beeding
5teynin8
Wesi Sussex
BN44 3TN
United Klngdom
W¢bslte
aMesburyschool.co.uk

AMESBURY SCHOOL TRUST LIMITED (LIMITED BYGUARANTEE)
CONTENTS
Page
Governors, RepoTI
Statement ol Governors, Responsibilities
Report of the INde￿ndent Auditors
io
Statement ol Financia5 Activities
14
Balance Sheet
15
Cash Flow Statement
16
Note5 tothe Financial Statements
17

AMESBURY SCHOOL TRUST LIMITED ILIMITED BYGUARANTEEI
GOVERNORS, REPORT
The Governors, who are of CoMpa￿Y law and Trustees for the purposes of charity law. present thelr Directors for the
purposesannual report together with thefinancial statements ofthe charitable company for theyear ended 31 Au8USt
2025.
The School is governed by it5 Articles ol Association last amended on 2 December 2015.
Goveming Body
The Governing Body is self-appointing. New Governor5 Serve for an initial terrn ending at the AGM following the third
nniver5ary OF their appointment. They are then eligible for re*lection for a wnaximum of two sutcessive terms trf
three years. A Governor having seNed for three Successive terrns shall not be reappointed as a Govemor without a
break of at least twelvt months unle55 the other Governors waive this requirément.
Retrultment and tTalnlng of Goverb)or5
Nornination5 for new Govemors are sought through introductions from existing Governors, the Heèd or the Bursar
based on the canéidate5' professional quèlities. experience, personal competence and local availability. Where
guitable tandidates are not appointed in this w3y, advertisements are placed relevant places eg. AGBIS, TES,
Llnkedln. Particular regard is gven to the need to maintain a range of skills within the Governing Bodyi including
finance, education. pastoral, property, marketin& health and safety. IT and human resources expert15e. New
Governors are provided with ilbduction support, including a tour of the school, discussitsns with senior staff, the Chair
of the Governing Body and other governor5.
All Governors are encouraged to attend relevant conlerences and tralning seminar5 organised by AG81S and other
providers. Training is prowded online and thTou8h workshop 5esyons at the school. All Eovernors take their
responsibilities serlously, with pariicular reg3rd to the importance ol operating in an environment where the
safeguarding and pwotection of children is ￿raMount. All Governors have received training in safeguardin& PREVENT
and e-safety.
Governors are particularty constSous of their responsibilityto regulady monitor and evaluate the effectiveness of th&
school's policiesand procedures, Arrangements via the committee and meeting structuresenablèthis to happen. They
pay particulai regard to the irMplication5 01 the law. related procedures and best practice.
Organisatbonal management
The members of the Governing Body are legally responsible fof the overall management and control of the School.
They normally rneetthree time5 a year. Much of the detailed work of overseeing policies is carried out by Committees
of the Governing Body, which also meÈt lor a minimum of three times a year. The day-to-day running ol the School is
delegated to the Head and Bursar, who attend all Meetings of the Governin8 Body and its committees.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BYGUARANTEE)
GOVERNORS, REPORT (CONTINUED)
The principal ￿spOnsIbl11112S of the Governors, committees are as follows:
lil The Finance 3nd Facilities Committee oversee5 financial control ol the School and monitors strate8ic risk
management, as well 3s supervises and monitgr5 Capital building projects and maintenance. Chair.. Hush
Sturges.
121 The Ellucatlon and Safeguarding Committee ff¥)n￿or5 and evaluate5 the Schoofs educational aud
pastoral policie5 and performance and oversees all safe8uarding areas including pastoral welfare,
safeguarding training and recruitment checks. Chair.. James Welham.
131 The Nomlnations & Governance Committee is responsible for Governor recruitment and 5uccesslon
planning and overseei￿the School's other8overnanc* processes. Chair.. lan Ferguson
The commlttees and their membership durin8 the year were..
Trustee
Tenurè as governor
Aesi8ned May 2025
6 years
L A Buchanan
K L D3vies Ichairl
C K Oecker
2years
3years
l D Fer8USD
O E Gorrod
l year
Resigned June 2025
R S Kirkham
P Mundy
S V Patel
l year
l year
S M Perrett
5 years
H F D Slurges
4 years
J Tait-Harris
2 years
3 yèars
J R Welhhm
In additioTh to the COMrn￿*teeS above, Governor5 Slt in an advisory capacity on the lollowlng management committees:
Marketin& Health & Safety 3nd Di8ital.
The Head and Bursar are supported by the Senior Leadership Team, whD together constStute the key management
personnel of the school.
Remun@r3tion policy is Set by the Governlng Body, with the objective5 of attracring high calibre staff and fairly and
responsibly rewarding individual CDntributions to the School's svcce55. The 3ppropriateness and relevance of the
iemuneration PDlicy is rÈviewéd annually. including reference to comparison5Wlth other independent Schools and the
state sector to ensure that the School remains sensitive to the broader i￿￿e5 of pay and empltsyment concfitions
elsewhere.

AMESBURY SCHOOL TRUST LIMITED {LIMITED BY GUARANTEEI
GOVERNORS. REPORT (CONTINUED)
Obje¢tive5 and artiyities
Amesbury SchorJl'5 over-arching purpose is the advancement of education throu8h an ind&pendÈnt nursery, pre-
preparatory ancj preparatory school for boys and girls between the ages of nine month5 and 13 years. This schooling
is non-selective at point of entry on grounds ol zcademic standard, race, religion or belief.
Amesbury encourages partSdpation in the ac3demic, sportin& musical and artistic activities of theschool by members
of the local comrnunity who would not Dtherwi5e havE Amesbury's quality of teachin8 and facilities 3V3ilable tothem.
In addition, sports and otherfacilities are opened up lor local communitv Use outsideof school hour5 and during school
holidays. The School has strong links with other independent and Statè sector schools and actively seeks to develop
these lÈnks.
Our primary alm at Amesbury is to ensure that every child enjoys a fulfillirbg and enrlchln8 educational journey. We
slrive to create an environment where each student feels valued, supported, and empowered to leach their full
FKJtenii31. Specilicallyi our Sthool aims remain to..
Develop in every child the necessary skills. aptitudes, and abiliiies to enable them to become emotionally resilient
independEllt learnei5.
Develop 3 ￿rIng community withrn the school by encouragin8 commitment, courtesy, co-operation. tolerance,
and compassion towards one another whilst understanding ihat everyone is a member of a wider cornrnunity.
Promote and nurture a close relationship between home and school in the partnership of education.
Fulfil our social and environmental responsibilities to society.
Provid¢ all stakeholdèrs with a model of organisatlonal excellence.
The khcol Dwelopment Plan ISDPI was updated in the Trinity term 012025, to come into eflect for Michaelmas 2025
in linè wth these School aims bv..
I. F05terlng Resilience,. Objectives l and 2 focus on emotional wellbeing and academic succÈ5s, which underpin
resilience and indepÈndence.
Bullding Community: Objettlves 4 and 5 create a carin8, inclusive eDvironment where puplls and staff
collaborate and thrive.
3. 5tren8¢henlnB Partnerships: Objertives 3 and 5 empha515e parental involvement and shared 8oals between
home and school.
4. Environmental ResponslbHlty.' Objective 6 integrates 5U5tainability and global cititenship into the currfculum.
5. Ensuring Excellence.. Objectives 3 and 4 promote consistent, high-quality practices acros5 the school.
6. Developln£ Staff: CPLI initiatives embedded throu8houtthe objectives empcpwer staff to grow prole55ionally
and contribute meaningful￿.
SpecifI￿lIV, the followin£ objectives in the SDP were agreed.,
l. Foster a culture where students are actively encotjraged and supported to vo(ce thelr vlews, COn￿ms, and
Ideas, promoting social and emotional wellbeing.
2. Priorilise literacy and numeracy withln the curriculum, with personalised support to enhance academlc
progress.
3. Enhance digital literacy by inte8rating advanced digital too15 and technologiès for 21st-century learning.
4. PromDte equality and Inclusi￿ty. ensuring equal opportunities and support for all students, including those
with protected characteristics.
5. Deliver a balanced academic and pastoral PfOV15ion tl)at support5 pupils, Intellectual, social and emotional
evelopment.

AMESBURY SCHOOL TRUST LIMITED ILIMITED BY GUARANTEE)
GOVERNORS. REPORT (CONTINUED)
6. Integrate environrnental and social educatlon into the curriculum to develop @lobal citizenship and problem"
solving skills.
Ensure excellent teachin8throuBh evidence-ba5ed practice, professional growth and the sirateBiC use of data
to inform planning and intervention.
Each of these objective5 has a documented sub-set of more detailed strategies and tactics designed to allow the main
objeetive to be achieved.
Publlc Benèfit
The Governors are mindful ofthe long-standing need to provide public benefitand of thé requlrements olthe Charitles
Act 2011 in setting the School's aims and objective5 and planning the School's activities.
Duringihe year ended 31 August 2025, in accordance with sertion 4 of the Charities Act 2011, the Govemors had due
regard to the Charlty Commission's public benefit guidance. as published in September 2013 following the 2011
decision of the UpperTribunal and sybsequent revisions.
The School has provided means-testèd financial assistance durin8 the 2024125 year amounting to £61,76612023124..
£58.8981. Furthermore. the Ame5bury Foundation fund has been constituted to provide buisBries for p3r2nt5 of
children who would benefit from an Amesbury education. The Foundation fund has a remaining balance of £65334
12023124 £65,0781.
In addition to bursaries, the school has long engaged in many aitivities thèt provide beneftt to the public within the
School'5 objectives, as well a5 some comthunity benefit activities beyond the Scope of those objective5.
On the sports field. we were delighted to hold an annual football tournament for 20 local club and school sidès. We
gntinue to offer fixtuos to local primary schools.
Ame5bury is regularly used as an ad hoc exam centre for L4MDA, ABRSM and ISTD examinations and local children
from state schools have made use of thi5 in the past.
As part of our Amesbury Award and ￿le Skills programme, our eldest childrenvisit care homes in the local community.
The Amesbuly community donated food which our pupils delivered to th@ Food Bank in Haslemere as part of our
Harvest service.
Communlty Relationshlps
The School work5 in association with local clubs. other charities and other xhools in its ongoing endeavoursto wden
public acce5S to itsfacilities and to awaken in it5 pupils an awarenessof the social contextof the educationtheyreceive
at school. Every evening and at the weekend5, local clubs and charities use Amesbury's facil￿tIeS for a mlnimal charge
alculated to cover costs.
Rlsk Manazement
The Governors have examlned the major strategic, busines5 and operational ri5k5 to which the School is exposed and
confirm that procedures have been established to mitl8ale or reduce risks wherever possible and to insure against 311
normal business risks. such as public and employef's liability and property loss and damage. A register of risks has
been developed and caiÈgorised and sub-committées of the Board, individual Governors or executives have been
made responsible for identifying, as5e5siTrg and monitoring thÈ risks in each category. The risks identified are
monitDred and updated on an annual basis and approved by the Finance CDmrnittÈe and Full Board.

AMESBURY SCHOOL TRUST LIMITED ILIMITEO BY GUARANTEEI
GOVERNORS, REPORT (CONTINUED)
Emplt)yment pollcy
The School is an equal opportuNitle5 employer. Full and fair con5ideratlOll 15 Eiven to job applications from disabled
persons and due consideration is glven to their training and employment needs. Consultation with employees. ortheir
representatives, ha5 continued at all levels with the aim of taking theviews ol employee5 into account when d&cisions
are made that are likely to affect their interests. Employees are made aware of the financial and economic
performance of the School.
Communication with employèes continues through normal management channels in a variety of forms ènd includes
awareness of the school'sfiftancial perfomiance as well as current educational update5 and safeguarding.
REVIEW OF ACHIEVEMEMfs AND PERfiiRMANCE
Educational Events and Athievement5
In the Trinity term of 2025, Amesbury underwent an ISI inspection under the new framework and a visit from OFsfED
to our Little Amesbury settin8. The School was delighted to receiv& positive reports from both agencies highlighting
the quality of ihe educational provlsion and the strc¢ng organi5ational 5truciures, processes and culture in place. The
report was shared wlth all stakeholders and Is a publicty available document on the School's websfjte.
The School ended the year with 2701202312024.. 2791 full time Prep and Pre.Prep pupils. A furthei 83 children
ttendèd one or more days in Bèbie519 months to 2 years), Pre-Nursery lage 241 or Nursery lag& 3+1 se55ions per
week.
Ame5bury prides itsÈllon the wide range of senior schools, for which it prepares its pupils. sts as to best fit Ihe various
academic. sportin& artistic and musical abilities and aspirations ol the children and their pa￿nts. To this end, the
Head and Senior leadership Team maintain close relationships with many senior schools, arrange regular c¢ntact
sessions between them and Amesbury's pupils and p3r2nts and ensure the pupils are well piepared for not only
examinatrons but also interviews and other selection techniquÈs used by thèi¥ preferred choices.
Therè were 38 leaver5 from Y6 and Y8 in July 2025 who went on to 16 different senior 5chools/prep schools, induding
7 with scholarships.
Senior Schools-lscholarships in boldl
Bohunt
8riti5h International School. Abu Dhabi
Chartethouse
Dubai College
Frensham Heights
Krng Edward's Wltley
Prior's Fleld School
The Royal Grammar School. Gulldford
Brldge House School, Souih Africa
Brilish International School, Cascai5
Churcher's College
Ditchzm Park School
Hurstpierpoint College
Lord Wandsworth College
Seaford College
Tormead school
Wellbeing pro8ramme
Recognlsing the inwortance of mental health support for our students, a Head of Mental Health & Wellbeing is now
employed by the school and work5 closely wlth the children who need 5UPPOrt. In addition. a clinical psychologist
works on-site every Friday throughout the school year to support school children and their families. This invaluable
resource has provided students with easy acce5$ to prolession31 psychtslogical support. allowing them to discuss any
concerns and rèceive guidance on coping strategies and interventions. This has not only helped to address individual
needs but has also contributed to a more Inclusive and supportive school environment.
The embedding ol Pa51oTal Heads of Section has formalised and enhanced the pastoral structure wiihin the school,
enguring that each 5tudent'5 wellbeing is closely monitored and appropriate5y supportèd. These dedicated staff

AMESBURY SCHOOL TRUST LIMITED ILIMITED BY GUARANTEE)
GOVERNORS, REPORT (CONTINUED)
member5 have been responsible for rnaintaining a clear line of communication between students, parents and school
staff. allowing for timely and effective intervention when ne￿ssary.
The Wellbei¢)g Aub, which is open and available to pupils during break and lunchtime. prDvides students with a safe
and welcoming Spa￿ to relax, sociali5e, and acce55 SUPPOft when needed. This resource has been particularly
beneficial for students who may feel overwhelmed or anxious duringthe busyschod day, offering a quiet and calmin8
environment to recharge and seek gtEidance frorn stalf rnembers.
Charltablè Aalvlties and Donations
ThÈ Charitie5 Act 2011, section 3. specifically reco8n15ès Amesbury's overarching objective the advancement of
education - as a charilable purpose. The School's d8y.to-day ¢eaching activities also invcilve several other charitablo
purposes recognised by the Act relating to sport, arts, culture, herita8e, science, tstiienship and community. Within
that wider definition of education, Amesbury encoura8es acrlve involvement of staff, pupils, and parents in a school
charities programme each year. The specif1c airns set for the programme in 2023124 were=
iii
to raise awareness in the children of the work of each charity and the reason lor its existénce..
to teach the children commitment to a charity and to Follow Its work over a period of time,.
to fund-raise ImaEinatively and independently for the year's chosen char*ties-
to understand that charity is not only aboutfundraising but is also concerned with theglving of time,
skllls. and effort-
to instil an appreciation of their own good fortune and develop a tolerance, sensitivity and
understandinE of the needs of others.
151
In the Academic year of 2024-2025, the School introduced a new international charity, Hope and S¢ul based in
Tanzania. It was also decided to continue to support the followlng charities.. knphook Foodbank, PtlgTim's Retirement
Flome and the Phyllis Tuckwell charity. In the Michaelmas term 2024. the school sold Christmas cards and gifts through
Clas5 Fundraiser. Pupils in Year 7 ran stalls to raise money for Liphook foodbank and we donatèd produce frDm our
harvest festival to Liphook food bank and PSlgrirn'5 retiremeni home. The children also raised money for Phyllis
Tuckwell with a reindeer run. Thewhple school charity event was run in the Trinity term 2025 hosted by the children.
Th&5e involved stalls run by the children. a dunk-the-tea¢her event and 3 charity Concert, as well as a family BBQ and
drlnks. The money raised from this event went towards the School charfties.
FINANCIAL REVIEW
Result foi the year
Unrestricted income for the year increased to £6,123,606 liom £5,833,269 in 2023124, an increase of5.￿. This was
due to an increase in donations and investment iricome as wèll as income from charitable activities. Resource5
expended increased by 4.9% to £6,018,007 from £5,738,099 due mainlyto increased stsff costs. The overall result is
a net movement ol funds in 2024125 of £105,59912023124 - £95,1701.
Capltal Expendlture and balance Sheet
The balance sheet as at 31 August 2025 shows an increase In total funds of £105.599 to £5,306.009. The school has
continued to remain cash positive with no requirement to draw on its overdraft facility lor day-to-day operations.
Capital expendiiure of £105,977 was Spent in the year, the main projects being the build¥ng of a new Early Years Stall
Room, a replacernent artificial cricket strip on Fylield and enhanced security access to the school site.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
GOVERNORS, REPORT (CONTINUED)
Assets Value
The Governor5 have considered the tarrying values of the f￿ehOld properties and in their opinion there has been no
imp3irrnenl to the values shown in the accounts.
Outlook lor 2025126
The key educational objectives for the future remain as set out above. The Governors are keen to ensure that the
estate continue5to devÈlop to allow a full and inspiring learning environment forthe pupils and that teaching facilities
remain leading-edge. Planned capital projects include the continued improvement of IT facilities, the upgrade of
windows and the refurbishment of the uniform shop into additional stall accomrnodation to support the boarding
need5 of the pupils.
The School's budget lor 2025126 reflect5 the continuation of the desire to continue Improving and updating leaming
and educatiorb spaces alongside a streamlining of the ¢Dsi base to ensure a robust financial model ready to meet the
external financial challenges ahead. The ongoing challen8es faced include the introduction of VAT at 20% on school
fees from january 2025, the removal of buslness rates relief in April 2025 as well asthe change in employerfs National
I￿SUranCe contribLrtions from April 2025. These factor5 will inevitably have an impact on surpluses going forward, with
the impact mitigated, at least in part, by adept fifiancial planning and proactive zction.
Announcement of merger wlth Charterhouse
On 16th March 2026, the Board announced that Amesbury School would be mergin8Wlth Charterhou5e School on 1st
Au8USt 2026 to join the Charterhouse Family of Schools. The announcement followed nearly a year of joint work by
the Governors and Heads Df both schools to understand the opportunities a partnership would provide to 211 parties.
and to consider and confirm the alignment of the ethos and vision of the two schools.
Und2rthe 3rrangemÈnts of the merger, Amesburyschool Trust itd will become part of Charterhouse School. For many
vears. the two schools have enjoyed a very positive relationship, with an incieasiD8 number Lif Ame5bury pupils now
ffloving onto Charterhou5e in Ye3r 9. This partnership creates a combined foundation within which Ame5bury and
Charterhouse will operate, preservingthe unique identity of each school. Amesbury is Ihethird prep School to join the
Charteihouse Family of Schools in recent year5.
The merger between Amesbury and Charterhouse will provide educational benefits through shared expwtise and
eypanded opportunities, linancial adwantages wlth greater cost efficiencie5 and Improved facilities, and continued
stability Wtth separate leadership, whilst prÈservin8 each school's identity and traditio￿s.
Amesbury School Trust Ltd will be wound up as part of thi5 merger process and thèrefore the accounts have not been
prepared on a going concern basis.
RESERVES POUCY
Educaiion is a hi6hly capikal-inlen5Ne aciivity, especially in relation to the land, buildings, lixture5 and Èquipment
ne2ded in the operation of 3 school. Since its foundation, the School has owned the freehold site, centred aiound its
gr3de 2 listed main school buildin6* which is the only purpose-de5igned school by Slr Edwin Lutyens in the UK. Over
the y¢ar5. substantial investment has been madÈ in th2 original Lutyens building and new building5 and facilitie5 have
been added within the site to ensure that the School can continue to provide 3 top-quality education that matches
pupil needs and parental expectations.
In an ideal world,the Governors would liketo have unrestricted reservessufficientto match the aggregate investment
in the core fixed assets essential for the purposes of running the School and nursery (currently £5.5m excluding the
core assets paid for out of restricted resewesl, plu5 "free reserves" equal to one term's outgoings as a contingency
agalnst unfDreseen financial shocks (approximately £1.9ml.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE}
GOVERNORS, REPORT (CONTINUEDI
In practict, however, the School's only material source of reserves growth is any annual surplus generated by the
operations of the School. In line with previous y2ars, the Governors have therefore accepted the need to manage the
risk of unforeseen ftnancial shocks through tl8ht bud8eting and financial Co￿trCI15. Each year, as part olthe budgeting
prO￿s$ and especially in advance of any major investment project, the Governor5 ensure that expected cash flows
are sufficient to meet both planned capital investment and scheduled rep3yments of the non-core funding Sources
s21 Out above and thai 3ny reliance on short term bank borrowinBS can be repaid from projected cash flow surplu5e5
over no more than S years. In this regard. at the end of 2L)24125 and takin8 into account the budgeted income and
expenditures lor 2025126, Ihe GoveTfFors are satisfied that the Trust's reserv25 are adÈquate to Sustsin Am*sbury's
educètional operations for ihe fclreseeable fulure.
flnanclal Instruments
Thè School's activities expose it lo a nurnber ol financial risks including, cash flow risk. interest rate risK credit riskand
Cash flow rlsk
The School monitor5 ils cashflow risk throu8h tsreful monitoring of expected furure cashflows, ensuring that there is
always prudent Cushion headroom within agreed boriowins limits.
Interest rate risk
The School's activitie5 expose rt primarily lo interest rates. Interest bearing asset5 3nd liabilitles are held at fixed and
variable rates.
The annu85 report was approved by the Guvernors of ihe charity on
.o).s.lllalJand signed on its behalf by-
S Llones
Company Secretary

AMESBURY SCHOOL TRUST LIMITED ILIMITED BY GUARANTEEI
STATEMENT OF GOVERNORS, RESPONSIBILITIES
The Gowernors. who are also the directors of Amesbury School Trust Limited for the purpose of company law. are
responsible lor preparing thè Governors, Report and the account5 in acctrrdan￿ with applicable law and United
Kingdom Accounling Standard5 (United Kingdom Generally Accepted Accounting Practicel, includin8 Financial
Reporting Standard FRS102 Yhe Financral Reportin8 Standard applicable in rhe UK and Republic of Ireland,.
Comp3ny13w requires thè Governors to prepare accounts for each financial yearwhi¢h give a true art(J fair view of
the State of affairs of the chariÈable company and of the incorning resources and application of resour￿5, includinE
the incorne and Èxpenditure, of the charitable cornpany for that year.
In prèparing these accounts, the Governors are required to..
select suitable accounting policies and then apply theFn consistentlv:
observe the method5 and principles in the Charities SORP,.
make judgements and estimate5 that are reasonable and prudent.. and
prèpare the accounts on the going concern basis unless it is inappropriate to presume that the charitable
company will Continue in operation.
Thè Governors are responsible lor keèping proper accounting records that disclose with reasonable accuracy at
any time the financial p051tion of the charitable companyand enable thern to ensure that the accounls comply
with the Companies Act 2006. They 3re èlso responsible for Safeguarding the assets ol the chaiitable company
and hence lor taking reasonable 5tep5 for the prevention and detection ol fraud and other irregularities.

AMESBURY SCHOOL TRUST LIMITED ILIMITED BY GUARANTEE}
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS
We have audited the financial 5t3tÈrnÈnis of Amesbury School Trust Limited I'the chaNtablÈ company'l for the year
ended 31 August 2025 which comprise the Statement of Financial Activitie5, Balance Sheet, the Cash Fl(>w Statement
and notes to the financial ststement5. including a summary of 5ignilicant accounting policies. The financial reporting
framèwork that has been applied in iheir preparation is applicable law and United Kingdom Accounring Standards.
including Financial Reportin8 Standard 102 The Financial Reportin8 St3ndard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
Bive a true and fair view of the state of the charitable companvs affairs as at 31 Au8USt 2025 and of its
incoming resources and application of resources for the year then Ènded-
have been properly prepared in accordan￿ with United Kingdom Generally A¢￿pted Accounting Pradice,.
and
have been prepared in accord3nce with the requirement5 of the Companies Act 2006.
Basls for opinion
We conductÈd our audit in accordance with International Standaid5 on Auditing IUKI IISAS IUKII and applicable law.
Our responsibilities under those standardg are further described in the Auditor's respon5ibilitie5 for the audit of thè
financial ￿ateMentS section of our report. We are independeni of the char<(able company Tn accordance with the
ethical requirerrents 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 accordan￿ with these requlrements. We bplieve
that the audit ev1deTr￿ we have obtained is suffitient and appropriate to provide a basis for our opinion.
Conclusions rèlatingio 8oln8 concern
We draw attention to note 2.3 to the financial statement5 which explains that from l August 2026 the net assets of
the school will be transferred to Charterhouse School Icornpany number 06540482 and charity number 3120541. The
Director5 therefore do not consider it tcp be appropriate to adopt the Boing concern basis ol accounting. Our opinion
is not modified in rèspect of this. Our responsibilities and the responsibilities of the governors with respect to going
concern are described in the relevant section5 of thls report.
Other Informatron
The other inforrnation compriges thÈ information included in the annual report, including thegovernorfs report, othèr
than the financial statement5 and our auditor's report thereon. The govemors are responsible for the other
information. 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 ihereon.
In connection with our audit of the financial statements, Dur responsibility is to reid the other information and, in
doing so, consider wh2thef the other information Is materially incon515tent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. 11 we identify such material
incon51StenciEs or apparent material mi55tatetnents, we are required to determine whether there 15 a material
misstatement in the financial statements or a material rnisstatemÈnt of the other information. If, based on the wtrrk
we have perfornied, we conclude that there is a material misstatement of this oiher information. we are required to
report that fact.
io

AMESBURY SCHOOL TRUST LIMITED ILIMrrED BYGUARANTEE)
REPORT OF THE INDEPENDENT AUDITOR5 TO THE MEMBERS
We have ngthing to report in this rega¥d.
Op¥nlon5 on other matter5 prescribed by the CompaniesAct 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the zovernor's report Ilncorporating the director5. report) for the financial year
for which thé financlal statements are prepared 15 COSlSlStent with the fin3ntial statements,. and
the 8overnors' report lincorporating the directors reportl has been prepared in accordance with applicable
legal requirernents.
Matters on which we are requlred to report by ex¢eptlon
In the light of our knowledge and understanding of the charitable company and tts environment obtained in the
¢ourse ol the audit, we have not identified m2terial mSsststement5 in the governors, report (incorporating the
director5 reportl.
We have nothingto report in re5Pert of the following matter5 in relation towhieh the CompaniesAtt 2006 requi￿5
ug to report to you if, in ouropinion..
adequate accounting records have not been kept, or returns adequate for our audlt have not been re(eived
from blanches ngt visited by us., or
the financial statements are nDt in zgreement with the accountin8 record5 and retums,. or
cèrtaln disclosures of direttors. remuneration specrfied by law are not made,. or
we have not received all the information and explènatl￿s we require foi our audit.
ReSponsI￿lItIeS ol tnistees
As explained rnore fulty in ihe trustees. responsibilities statement, the trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation ol the financial
statements and for being sat¢slied that they give a true and falr view, and for such internal control as the irustees
determine is necessaryto enable the preparation of financial statements that are free from n73terial rnisstatement,
whether due to fraud or error.
In Preparing the financial starements, the trustees arè responsible for as52sslnE the charitable companV5 ability to
continue as a going concern. disrlosing, as applicable, matters related to going concern and u5ingthe going concern
basis of accounting unle55 the trustees either intend to Ilqurdate the charitable company or to cease operations. or
have no realistic alternatwe but to do so.
Auditorfs resptsnslbllltie5 for the audit of the financial statements
Ourobjectives are to obtain reasonable assurance about whether the financial state￿￿ntS as a whole are free from
material misstatemerbt. whether due to Iraud or error, and to issue ai) auditor'5 report that includes our opinion.
Reasonable assurance is a high level ol assuran￿. but is not a guarantee that an audii conducted in accordance
with ISAS IUKI will always detect a matÈri31 mi55t3iement when it exists. Misstatements can arise from fiaud or
error and are considered mate¥ial if, individuallyor in the a88regate.they could reasonably be expected to influen
the economic decisions ol Users takeTr on the basis of these financial statemEnts.
li

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS
A further de5rription ol our responsibilities fDr the audit of the financial statements Is located on the Financial
Reporting Council's webslte 3t= httpS'.l/www.frc.o￿V￿3Ud1tOrsrespons1bIllt1ps. This description forms part of our
auditovs report.
Extentto whlch the audlt was considered ￿pable of dète¢ting IrTegularlthe8 intludlnE fraud
The oblectives of our audit, in regpÉct to fraud, are.. to identify and assess the risks of rnaterial mlsstatement of the
rinancial statements due to fraud,. to obtain sufficient appropriate audit eviden￿ regarding the amessed risks of
material rnisstatement due to fraud, through designing and implementing appropriate ￿sPonSe5. and to respond
appropriately to fraud or susperted fraud idenlif5ed during the audit. However, the primary responsibility for the
prevention and detection of fraud rests with ly)ththose charged with govemance ofthe entiiy and its management.
Our approach was as folltsws..
We identlfied areas ol laws and regulations that could reasonably be expectèd to have a material effect on
the financial statements from our general comtTrercial and sector experience, and through discussion with
the directors and other management las required by auditing standardsl. and discussed with the directors
and oihei management the policies and prO￿dureS regarding compliance with laws and regulations.,
We identified the following 8reas as those most likely to have such an effect: health and safety,. General
Data Protection RegulatioTh IGDPRI., Independent Schools Inspectorate IISII,. fvaud.. bribery and corruption,
school inspections.DbS checks, employment law and Keeping Children Safe in Education under Section 175
of the Education Act 2CNJ2. Auditing standards limK the required audit procedurÈs to identify non-
compliance with these laws and regulations to enquiry of the twstees and other management and
inspection of re8ulaiOry and lègal correspondence, if any.
We considered the legal and regulatDry frameworks directly applicable to the financial statements
reporting framewoik IFRS 102 and the Companies Act 2(X)6 and the Ch3rities Art 20111 and the relevant
tax compliance reEulation5 in the UK;
We considered the nature of the ¢tsmpany's/charlt¢s operations, the control environment and business
performante, including the key drivers for managem￿nt'S remuneration..
We communicated identified laws and regulations throughout our team and remained alert to any
indications ol non-compliance Ihroughout the audit-
We cL>nsldered the procedures and eontrols thèt the company/charity has ¢stabllshed to address ri$ks
identified, Of thai orherwise prevent. deter and detert fraud,. and how senlor management monitors those
procedure5 and controls.
Based on this understatbding we designed our audit procedures to identify non.cDmpliance with such law$ and
regulations. Wherèthe riskw3s considered to ￿ hlgher, we performed audit procedures to address each identified
fraud risk. These procedures included.. testin8 manual journals,. rèviewing the fiNan¢ial stètement disclosure5 and
te￿Ing to supporting dDcumentaiion; performing analytical piocedures- and enqtjiring of m3nagement, and were
desisned to provide reasonable assurance that thè financial statements werè free from fraud oi error.
Owing to the Snh&r8nt limitations of an audit, there Is an unavoidable risk that we may not have detected some
mat￿131 misstatements in the financial statements. even though we have properly planned and performed our
audit Sn accordance with auditing Standards. For example, the further removed non-compliance with laws and
regulations IITregularitie51 is from the eveTrts and tTan5action5 reflected in the linanclal statemènts. the less likely
the inherently limiied procedures rèquired by auditing standards would identify it. The risk is also greater regardin8
irregularities occurrin8duetolraud rather than errc*r, as fraud involves intentional concealment, forgery. collusion,
omission or misrepresentation. We are not responsible for preventing non-compliafice and cannot be expected to
12

AMESBURY SCHOOL TRUST LIMITED (UMITED BY GUARANTEEI
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS
detert non-c¢)mpliance with all laws and reBulations.
Use of our rewt
Thls report is made solely tothe charf(able cornpany's mernbèrs, as a body. in accordance with Chapter 3 of Part 16
of the Companies Act 2(￿6. Our audit work has been undertaken so that we mi8ht5tateto thecharitable compan¢s
members those matters we are required to state to them in an auditor's report and for no other purpose. TD thè
fullést extent pèrmitred by law. we do not 3ccept or assume responsibility io anyone ather than the charitable
company and the charitable company's members as e body, for our audlt work. for ihis report, or for the opinions
we have formed.
Mark Cummins FCCA (Senlor Statu
lor and on behalf ol TC Group
StatLrtory Auditors
Offiee= Sussex
Auditor}
13

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 AUGUST2025
Unrestrfcted
funds
Deslgnated
funds
R4slrl¢ted
funds
Total 2025
TDtal 2024
INCOME FROM:
Donations and legacies
Charitable artlvates
Investment income
other incorne
Notes
26,151
6.000,548
49,392
47.515
26,151
6.QOO,548
49,392
47,515
5,746.698
14.830
71.741
Totsl income
6,123,606
6,123,606
S.833.269
EXPENDITURE ON:
Charitable activities
6.018,007
6,018,007
5,738,099
Total èxpendlture
6.018,007
6,018,007
5,738,099
Net movement in
funds
105,599
95,170
105.599
Fund balanTrs brought
forward
5.105,240
5.122,724
65.334
12,352
5,200,410
Fund balances at
tarrled forward
5A06.009
5.200,410
Z3
5,228,323
65,334
12,352
All the charitvs actlvltie5 derlve from contlnuing operatlDns during the above two pertod5.
The funds breakdown Is shown in note 23.
14

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
BALANCE SHEET
FOR THE YEAR ENDED 31 AUGUST2025
2025
2024
Notes
FIXED ASSETS
Tangible assets
Investments
13
5,543,221
5,724,684
14
5,543,221
5,724,686
CURRENT ASSET5
stock
Debtors
Cash at bank and in hand
15
16
15,201
740,398
1,456,540
2,212,139
13,103
298,502
1,686,053
1,997,658
CURRENT LIABILITIES
Creditors due within one year
17
11,665.5401
11,315,6651
NET CURRENT ASSETS
546,599
681,993
TOTALASSETS LESS CURRENT
LIABILITIES
6,089,820
6,406,679
LONG TERM LIABILITIES
Creditofs due aftèr one year
18
1783.8111
11,206.2691
NET ASSETS
S.306.C¥)9
5,200,410
REPRESENTED BY:
23
RESTRICTED FUNDS
12,352
12,352
UNRESTRICTED FUNDS
Genefal funds
Designated funds
5,228,323
65.334
5,122,724
65.334
5.188,058
5.306,009
5,200,410
The finantial statements on pages 17 to 30 were approved by the 8overnor5, and authorised for ￿ssUe on..,................
and signed on their behalf by..
(¢'f.k4
C Decker
Chair
Date:
Company Numbèr- (J)984771
15

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUAFiANTEE}
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST2025
2025
2024
Notes
Net cash provided byllu5ed In) operating
actlvities
26
1153,2081
I,547,￿5
Cash flows from Investl￿ actlvttle5:
Interest receivable and similar income
Purchase of tangible fixed assets
Net cash used In Investing actIvI￿e$
49,392
1105,9771
14,830
1374,5111
156,5851
1359.6811
Cash flows from financrng activltles:
Repayment of loans 3nd borrowin85
Net cash used in financlng activities
19
119,7201
119,060
119,7201
119,0601
Net increaselldecreasel in cash and cash
equivalents
1229,513)
1,168,264
Cash and cash equivalènts at I September 2024
1,686,053
517.789
Cash and cash eqLtivalenls at 31 August 2025
1,456.540
1,686,053
RecDnciliatlon of net cash flow to movemeTrt
In net debt
Increa5elldecreasel in cash and cash
equivalents in thè year
Ilncrea5el/decrease in debt
Chanee in net funds/ldebtl resulting Irom cash
flows
12295131
1,168.264
19,720
19.060
1209,7931
1,187,324
Net debt at I September 2024
1.546.363
359.039
Net debt at 31 August 2025
2S
1,336.570
1,546,363
All of the cash flow5 are derived from continuing op2rations during the above two periods.
16

AMESBURY SCHOOL TRUST LIMITED {LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 AU6UST2025
STATiTfoRY INFORMATION
Amesbury SchDoI Trust Limited 15 a charitable company. limited by guarantee. and incorporated in England and
Wales. The principal place df business and principal activtty ol the company are outlined in the LeBal and
Administrative Infom)?tion aTrd Report of the Governor5 sections ol these financial statements respectivelv.
ACCOUNTING POUCIES
2.1 Summary of 51Enificant aicountlnz pollcles and key actountlng estSmates
The principal accountin8 policiés applied in the preparation of these financial statements are set out below.
These policte5 have beerT consistently applied to all the years prèsented unless otherwise stated.
2.2 Basls of prepara￿0￿
The financia5 statemettts of the charitable company, which is 3 public benefit entity under FRS 102, have been
prepared In accordance wlth Charlties SORP IFRS 1021 'Accounting and Reporting by Charilies.. Statement of
Recommended Practice applicable to charities preparin8 their accounts in accordanee wth ihe Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leflective I lanuary20191', Financial
Reporting Standard 102 The Finan¢ial Reporting Standard applicable in the UK and Republic of Ifeland, and
the Companies Act 2006. The financial statement have been prepared under the hFstorlcal cost convention.
Consolidated financial statements have not been prepared on the ba515 ihat the inclusion ol the domiant
subsidiary would not make a maierial difference.
13 Golng toncem
The school is due LO merge from l August 2026 with the net assets being traftslerred to Chartei House (Charity
number 3120541. It is therefore ngt considered appropriate to adopt the 8oin8 conTrrn basis of accounting.
NO adjustments have bèen made to the financial statements a5 a result of this.
2.4 Income and endowments
All income s reccEnised once the charity has entiilemènt inctrme, it is probable that the income will be received
and the amount of the income receivable can be measured reliaLIy.
School fee income is 3cc¢)unted ILW on a rÈcèNable basis and consists of charges billed for the school yearèndèd
31 August 2025. less bu￿arleS and allowances. Fees re￿Ived for education to be provtded in future years are
Carri￿ forward a>delerrèd income.
Donation5 ale accounted for as received bythe sthool.
Investment income is accouTried for in the period inwhich the school is entitled to receipt.
2.5 Deferred Inwme
Deferred income relates lo monie5 received in advance of the school term they relate to. The income is
recognised at ihe start ol the term.
17

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGusf2025
2 ACCOUNTING POLCIES (con￿￿￿ed)
2.6 Empendlture
Liabilities are recogni5ed as expenditure as SODn as ihere is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits wlll be required in seltlement and
the amount of the obligation can be measured reliably. Expenditure is accounteil for on an actruals basis and has
been classified under headings that a88regate all cost related to the Gate80ry. Where costs cannot bè directly
attributed to particular heading5 they have been allocated to activltie5 on a basis consistent with the use of
re50urce
2.7 Charitable actlvitles
Charitable expenditure comprises Ih05e costs incurred by the charity in the delivery of its artlvitie5 and services
lor Sts beneficiaries. It includes both costs that can be allcKated directly to suth activities and thm ¢osts of an
indirect nature necessary to supportthèm.
2A Taxatlon
ThÈchèrityis consideredtopass the testsseloutin Para8rèph I Schedule 6of the Finance Act 2021 and therefore
it meets the definition of a charitablè company for UK CQTporation tax purposes. Accordingly. the charity is
exempt frorn taxation in respect ol IrKome or capital gains received within £ateBories covered by Chapter 3 Part
11 of the Corporation Tax Act 2010 or Seciitsn 256 of the Taxation of Chargeable Gain5 Act 1992, as such income
or gains are applied exclu5ivety to charitable purpose5.
2.9 ts)tangible asset5
Amortisation is provided on Tntan8ible fixed assets $0 as to wrbte off the cost. less ar)v estimated residual value,
overtheir èxpected usefvl economic life as follows-.
Assets Cla55
WebsTte development Costs
Amortlsation method aml rdte
25% on crist
2.10 Depreclation
Depieclation 15 provide on all tangible fixed assets olherth3n freehold land oncethe asset has been fully brought
in wthing order. The lollowing annual r3tes are used in order to write off each a55et over its estimated Useful
A55ets aass
Fixtures and equipment
Depreciation method and rate
Between 5
25% on cost Imotor vehicles.. 25%
reducing balancel
2% on valuation or cost
Freehold propertles
2.11 Stock
stock is valued at the lower of cost and estimated selling price, after due ￿gard for obsolete and slow moving
stocks.
2.12 Debtors
Short term debtors are measured at transacrion value le55 any impairmenL At each balan￿ sheet date. debtors
3re 35sessed for objertive evidence of Impairment. If an asset is impaired, the impairment loss is measured as the
difference between the carrying amount and the amount expected to be received.
2.13 Creditors
Short term creditors are measured at transaction value.
18

AMESBURY SCHOOL TRUST LIMITED ILIMITEO BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS ICONnNUED)
FOR THE YEAR ENDED 31 AUGUST2025
ACCOUNTING POLICIES Icontinuedl
2.14 Bank loans
Bank loans are recorded at arnortised cost.
2.15 Fund structure
Unrestricted income funds are general funds thal are available for use at the trustees. discrètlon in furtherance
of the objective5 Df the charity.
The desi8natÈd Ljnrestricted fund is made up of thè C3pltal ahd Revaluation Resèrves which are retained for the
funding of f￿￿re general capital expenditure and the Arne5bury Foundation re5etve which is Set Bside for the
provision of meanstested bursaries.
Restricted funds can On￿ vsed for particular restriLted purposes within the objectives of the Trust. Further
explanation of the nature and purpose of each re5trirted fund is included in the notes 10 the accounts.
2.16 Pensions and other post refjrement obligatlons
The sehotsl operates at) AVIVA Pension Trust for Independent Scho￿5 IAPTISI penslon stheme. This is 3 defined
contribution scheme.
The School also operate53 defined cantribution pension scheme for itSnOll-teaching staff. Contributions payable
forthe year are charged to the Statement of Financial Activitie5 as incurred.
2.17 Redundanty and termlnatlon payments
Costs of redundancy and termination payments are accrued within the period in which the noti￿ was given.
2.18 Critical a¢wun¢in9 estimate5 and lud9ementS
In Ihp application of the Chartty's accounting poficies, the Govemors are required ID make judgements,
eslimales and assumptions about the Carr￿￿9 amount of a$setS end Iiabiliti¢s that are not readily apparenl
Irorn other sources. The estirnales and associated assumptions are based on hisiorical experience and other
factors that are considered lo be relevant. Aclual results may differ from these gstimales,
The estiTNates an%Y u1hjerf￿ng assumptions are reviewed on an ongoing basis. Revisions to ac¢ountirwJ
estimate5 aTe recogni5ed in Ihe periDd in which eslimale is revksed.
The Governors do nDt consider that there are any critical eshmates or artas of judgement Ihat nged io be
brought to the att8ntion of thg readers of the financial 8tatemenls.
INCOME FROM DONTATION5 AND LEGACIES
Unrestrlcted
Restrirted
Total
2025
Total
2024
Donations
26,151
26,151
19

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
NOTESTOTHE FINANCIALSTATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2025
INCOME FROM CHARITABLE ACTIVITIES
Total
2025
Total
2024
Pupil fees
Bursèries. Scholarship5 and discounls
5.864,922
1435.7841
5.428,183
8.205
564.205
6.(￿1.548
5,616,455
1429.8401
5,186,615
11,250
548,833
5,746.698
Registration fee5
Extras
Total income fr(>m charitsble activities
INCOME FROM INVESTMENTS
Unrestrlcted
Restrirted
Total
2025
Totzl
2024
Interest receivable on bank
deposits
49.592
49,392
14,830
OTHER INCOME
UnrestriLted
Restrftted
Total
20ZS
Total
2024
Sundry incorne including
lettings
47.515
71,741
47.515
EXPENDITURE ON CHARITABLE ACTIVITIES
Staff Costs
Depreciatfjon
Other
costs
Yotal
Total
20Z5
2024
Teaching
Wellzre
Premises
Support and goverThance
2,990.570
185.166
562.906
261.757
652.001
234A93
3,553,476
446.923
939,441
1,078,167
3,580,697
476,439
713.953
967.010
287,440
843,674
4,019,410
287,440
1.711,157
6,018,007
5,738,099
All of thè aLK)ve expenditure was attributable to unrestricted funds for 2025 and 2024.
20

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2025
EXPENDrruRE ON CHARITABLE ACTIVITIES ICONT]NUEDI
Analysis of supp(rt and 6oveYnance costs:
Total
2025
Tot31
2024
G(wernancÈ costs..
Audliors, remuneration for audit Services
Le8al and professional fees
Total g¢wernance ¢osts
13,400
37,323
50,723
15,000
33.125
48,125
Support costs..
Auditors. remuneration for non audit services
Support staff wages. national insurance and pension
Advertising ènd marketing
IT computer costs
General office expenses
Finance cost5
Other support costs
702
766,913
59,477
2,674
51,261
21.336
16,522
918,885
843,674
58,923
7.812
49.553
17.410
50,07
1,027.444
Yotal support and governance costs
1,078,167
967.010
8 NET INCOMEIOUTGOING RESOURCES
Nel income for the year is after charging..
2025
2024
OperatiThg leases
Audit fees
Non audit a¢¢ountancy services
Depreoation of fixed assets
58,865
13,400
48.109
15.000
702
273,660
287,440
9 TRUSTEES REMUNERATION AND EXPENSES
No trustees, not 3ny person5 connected with them. have received any remuneration from the charity durln8
the year. Durin8 the year total expense5 reimbursed to Trustees totalled £13212024.. Enill.
21

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
10 STAFF COSTS
The aggregate payroll costs were as follows-
2025
2L)24
Wages and salaries
Social security costs
Pension c05tS
3,344,301
349,363
325,746
3,258,796
298,232
363,191
Total salaries
4,019,410
3,920,219
The monthly average numbèr of persons (including senior management teaml employed by the chaiity durin8
the ye8rexpiessed a5 full time equivalents was as follow5..
2025
Number
67
31
20241
Number
69
28
Education
AdmiThi5tration and domestic
98
97
The numbÈT of employees whose emolurnèrTts fell within the following bands wa5..
2025
Number
2024
Number
E60.001- £70,0(KI
£80,001- £90.0(M)
£ioo.ooi- £iio,000
The key management personnel of the school are the Headmaster, the 8ursar. the Academic Deputy Head, the
Pastoral Dèputy Head, the Head of Marketin8 & Admissions, and the Head of Pre-Prep. The total ernplDyee
benefits (including Émployers pension and natlonal insurartce toniributionsl of thè key management personnel
f the 5¢hool were £5SI,SII12024.. £522,157).
For employees with emoluments ovèr £60.000, the total pension costs during the year were £46.79212024.'
E33.3591.
During the year payments of £15.00012024.. £56,5751 were made in regards tothe terminatitsn ol employment.
22

AMESBURY SCHOOL TRUST LIMITED {LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
11 COMPARATIVE STATEMENTOF FINANCIALAcrivmES-YEAR ENDED 31 AUGUST 2024
Unr¢sirirted
funds
DosIKnètod
lund5
Restdrted
funds
Total 2024
INCOME FROM:
Donations and lega￿e5
5,746,698
14,830
71,741
5,745,698
14,830
71.741
Investment income
Drher incorne
Total Income
5.833369
5A33.269
EXPENDrruREON:
Charitable acrivities
5,738,099
5,738,099
Total expenditure
5.738,099
5,738,099
Net incomellexpendlturel
95,170
95,170
Fund balance5 brought
forward
Fund balancesat tarrSed
fon¥ard
5.027,554
65334
12,352
5,105,240
5,122.724
65334
12.352
5200,410
23

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR fHE YEAR ENDED 31 AUGUST2025
12 INTANGIBLE FIXED ASSErs
Website
Cost
At I September 2024 & 31 Augvst 2025
AmortlsatlDn
At I September 2024 & 31 August 2025
Net bookvalue
At 31 August 2025
At 31 August 2024
31,844
31.844
13 TANGIBLE FIXED ASSETS
Land and
Fumlture &
Motor
A55ets Under
Total
Bull(fingg
Equlpment
Vehlcles
Con5tructlon
At I September 2024
Addition5
6,844,337
5.389
81.971
6,931,697
1,713,772
100,588
8,668
33.423
90,639
8.682.171
IOS.977
Transfer
190,6391
At 31 August 2025
1.823,028
33,42>
8,788,148
DeprKiation
At I September 2024
Charge for the year
At 31 August 2025
1,873,013
127,375
1,067.290
152.482
17,184
7,583
2,957,487
287.440
2,000.388
1.219,772
24.767
3,244,927
Net bookvalue
At 31 August 2025
4.931,309
603.256
8.656
5,$43,221
At 31 August 2024
4,971,324
646.482
16,239
90.639
5,724,684
The tarryingvalue otfreehold property reflect5 a fevaluation made iAthe year to 31 August 1993 of £139,874.
No subsequent revaluatiDns have been made.
Included within freehold propertie5 is land valued at £562,953. which is not dep￿Ciated.
24

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR ThIE YEAR ENDED 31 AUGUST2025
14 FIXED ASSET INVESTMENTS
Subsidiwy
undertakings
Cost at 15eptember 2024
Impairment of investment
Net book value at 31 August 2025
Details of undertakln85
Details of the investments in whith the charity holds 25% or more ol the nominal value of class 015hare
capital are as follow5..
Undertaking
County of
intorporation
Holding
Proportlon of votlng
rlghts and shales
held dlre¢Wy
Prlnclpal
actlvlty
Amesbury Enterprise5
Limited
England and
Wales
Ordinary Shares of
£1 each
loo%
Dormant
The Company was dormant throu8hout 2025 and 2024 2nd has subsequently been dissolved p05t year-end.
15 STOCK
2025
2L)24
StOEks
15.ZOI
13,103
16 DEBTORS
2025
2024
Trade debtor5
398,613
136,717
205,068
150,364
127,749
20.389
Prepayments and accrued irKome
Other de￿OrS
740,398
298,502
25

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2025
17 CRED￿OR5. amounts falling due wlthln one year
2025
2024
Bank loans
20,467
131,313
314.199
38.266
25,0(rfJ
1.136.275
1,66S,540
19,721
118,376
70,281
33.346
5,20
1,068.741
1,315,665
Trade creditors
Other tBxatton and social security
Other creditors
Fee deposits
Accruals and deferred income
18 CREDifoRS: amounts talling due after one year
2025
2024
Bank loan5
99.482
125.905
119.969
141,406
944,894
1.206,269
Fee deposits
Deferred income
558,424
783,811
Included within bank loans due after one year is £10,05712024- £33,602> due by instalments after more than
five years.
Deferred income
2025
Deferred income at 15eptember 2024
Resources deferred In thè period
Amounls released from Pfevious periods
DÈferrec£ income at 31 August 2025
1,508.544
233,021
1676,5821
1,064,983
Deferred incrjme includes £1,064,98312024-. £1.508,5441 held under the Se￿OIS advanced payment scherne,
of which £558,42412024.. £944.8941 is shown in note 18 as beln8 due after more thart one year.
Bank borrowlng
The fi¥ed rate 103n has an intèrest rate of 3.65%. The caNyinB amount at the year end Is £119.96912024.-
£139,6901.
26

AMESBURY SCHOOL TRUST LIMITED {LIMITED BY GUARANTEEI
NOTE5 TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR ThIE YEAR ENDED 31 AUGUST2025
19 SECURÉD CREDITORS
The followlng creditois have been secured by way of a floating and fixed charge overthe assets of the charity.
2025
2024
Bank loans
119,969
119.969
139,690
139.690
2D OBLIGATION5 UNDER LEASES AND HIRE PURCHASE CONTRACTS
Total future minimum lease payment5 under non-cancellable operating leases are as follows:
2025
2024
Other
Within one year
Between one and five years
48,206
51,320
99,526
57,564
92.867
150,431
21 PENSION SCHEME5
The pension cost Charge for the year reprèsents contributions payable by the School to differin8 schemès and
amour*ted to £325,74612024.. £363,191)
22 CHARrrY STATUS
The charity is limited by guarantee. iftcorporated iytr England and Walès. and consequentlydoes not have share
capital. Eath of thè trustees 15 liable to contribute an amount not exceeding £10 towards the assets of the
charity in the event of liouidation.
27

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2025
23 FUNDS
Balznte at I
SEptember2024
Incomlng
resources
Resources
expended
alance at 31
August 2025
Unrèstricted fund5
General
Accumulated lund
Designated
Amesbury Foundation fund
5.122,724
6,123.606
16,018,007)
5.228,323
65334
6S.334
Total unrestrirted fvnds
5,188.058
6,123.606
16,018,Th)7
5,293.657
Restrirted funds
REW Wainwright library lund
Playground project
Total réstricted funds
352
12,000
12,352
352
12,000
12.352
Totalfunds
S.2￿,410
6,123,606
16,018,007)
5.306,009
The specific purposes for which the funds are to be applied are 35 follows.-
Thè REW Wainwright Library fund is 3 donation received towards library books for the school.
The Accumulated fund represent5 the free funds of ihe charity which are npt designated for particular purposes.
The Playground project repTe5ents donations received toward5 the cost of a new playground at the School.
Thele is one desi8nated lund. The Ame5bury Foundation funds arè set aside foi the provision of means testÈd
burs3riès.
28

AMESBURY SCHOOL TRUST LIMITED (LIMITED BYGUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 AUGusf2025
24 ANALYSIS OF NET ASSETS BETWEEN FUND5
Unrestrirted
funds
De￿gnated
funds
Restiicted
funds
ZOZ5
Total
Fund balances at 31 A￿uSt 2025 are
represented by.,
Fixed assets
Fixed assets inv85tmEnts
CuTrènt assets
S,543,221
5.543,221
2,134,453
11,665,5401
1783,8111
5.228,323
65.334
12,352
2.212,139
11,665.5401
783.811)
5,306.(#J9
Creditors.. due after one year
65,334
12,352
Unrestricted
funds
Designatèd
lunds
Re5trirted
funds
2024
Total
Fund balances at 31 August 2024 are
represented by..
Fixed assets
Fixed a55ets investmènts
Current assets
5,724,684
5,724,684
1,919.972
11.315,6651
11,206,269)
5,122.724
65,334
12,352
1,997.658
11,315,6651
11,206,269)
5,200,410
Credittsrs= due after one year
65.334
12,352
25 ANALYSIS OF NET DEBT
Financing
cash flows
At31
August
202S
September
2024
Cash at bank and in hand
Debt dve within one year
Oebt due after more than one year
et debt
1,686,053
119.7211
1119,9691
1,546,363
1229,5131
17661
20.486
IN56,540
120,4871
199,4831
1,336,570
1209,7931
Atl
September
2023
Financbng
cash flows
At31
Au8USt
2024
Cash at bank and in hand
Debt due withln L)ne year
Debt due after more ihan onè year
Net debt
517,7B9
119,0601
1139.6901
359.039
1,168,264
16611
19.721
1.686,053
119,7211
1119.9691
1,546,363
1.187,324
29

AMESBURY SCHOOL TRUST LIMITED ILIMITED BYGUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGusf2025
26 NET CASH INFLOW FROM OPERAnNG ACTlVtriES
2025
2024
Net income for the year
Depreciatlon charges
Investment income
IGainl I loss on investments
Ilncre35el / decrease in stocks
Ilncreasèl I decrease in debtors
Increase / Id@creasel in creditors
105.599
287.440
149.3921
95,170
273.660
114,8301
12.0981
1441,8961
152.8631
1153,2081
29,974
124,8311
1,187,862
1,547,005
27 SUBSEQUENT EVENTS
On 16th March 2026, the Board announted that Amesbury khool would be merging with Charterhouse School
(Charity number 3120541 ¢)n 1st Au8ilSt 2026.
30

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