2025-08-31-accounts

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Registered number: 00872414 Charity number: 312653

ROKEBY EDUCATIONAL TRUST LIMITED

GOVERNORS REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

CONTENTS

		:		Page
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Governors’ report	.			3
Independent Auditors’	Report			13
Group Statement of Financial		Activities		16
Group Balance Sheets				17
Charity Balance Sheet				18
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Group Cash Flow Statement				19
NotestotheFinancial	Statements			20

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Governors present their report and the financial statements of Rokeby Educational Trust Limited (referred to as the “Company”, “Rokeby” or the “School”) for the year ended 31 August 2025

AIMS, OBJECTIVES AND ACTIVITIES

The principal charitable objective for which the Company was established is the provision of a School. The School focuses on the primary aim of providing an excellent, individually tailored education for boys in southwest London and Surrey.

Rokeby provides day School education for boys aged 4-13 years old. The focus of the School’s leadership is developing interpersonal and intrapersonal skills to enable each boy to achieve his full potential as an all-round person. The School wants to ensure that all boys are well suited for their future in the modern workplace but - more importantly - that they are equipped to be successful and happy citizens. Above all else, the School aims to “bring out the brilliant in each and every boy”. To achieve this, the School has five main objectives:

1. To help each boy to develop strong cognitive skills (thinking and intellectual) and a good attitude towards learning.

2. To help each boy to develop excellent personal skills, including self-awareness, self-motivation, and self-regulation; so that he can be confident, resilient, and positive in all situations.

3. To help each boy to develop excellent interpersonal/social skills so that he can learn to collaborate, be empathetic, assertive and respectful and to communicate successfully.

4. To help each boy to contribute positively to our society and environment so that he can grow up into a successful and considerate citizen.

5. To help him to achieve entry to a senior School which is suited to his abilities, interests, personality and needs.

In accordance with its charitable objectives, the Company strives to advance the education of the boys attending the School. The Company's principal beneficiaries are therefore the pupils, and benefits to pupils are provided through continuing to maintain a high standard of education throughout the School. The general public is also a beneficiary as attendance at Rokeby saves the government and general public the cost of educating 380 children.

The Governors have taken The Charity Commission's specific guidance on public benefit (contained within the guidance document “The Advancement of Education for the Public Benefit") into consideration in preparing their statements on public benefit contained within this Governors’ Annual Report. The Governors, as the charity trustees, have complied with the Charities Act 2011 to have due regard to the Charity Commission's published guidance on public benefit. The Governors recognise that the School has a minimal endowment, that all costs associated with the provision of public benefit fall on those paying the fees charged for pupils attending the School, and that the attendance of pupils at the School relieves public funds. Against this background, the Governors oversee the provision of additional public benefit in two categories: the provision of bursaries which provide financial support to enable more boys to attend the School and the provision of activities and facilities to benefit the greater community.

Bursary Policy

The School provides grants to boys in the form of bursaries. The School advertises these on its website and provides information to applying parents. This support is available on a needs basis as determined by two members of the Finance and Capital Assets Committee supported by the Bursar. The School also provides places to boys, who are children of staff, at reduced fees. The School uses an outside company, Bursary Administration Ltd, to help review and assess the financial needs of its applicants.

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GOVERNORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

INDICATORS, MILESTONES AND MEASUREMENTS

The principal benchmark for academic success is that boys progress to their secondary School of choice. More broadly, the Governors monitor the quality of the School’s educational offering, the range of activities that the School offers, and the performance achieved. Last year, the School continued its tradition of sending Year 8 and some Year 6 boys to a wide range of senior Schools in the south-west of London and Surrey, including Charterhouse, Epsom College, Hampton, King’s College School, Reed’s, St John’s and St. Paul’s. In 2024-25, fourteen scholarships were awarded to twelve Year 8 pupils to the Schools they applied to; three awards were not taken up. Eighteen scholarships were awarded to nine Year 6 boys; fourteen of these awards were not taken up.

Externally, the School is subject to inspection by the Independent Schools Inspectorate (ISI). The School was inspected in November 2023 and standards were met in all five of the main categories inspected by ISI. IS! no longer provide any specific gradings.

The School’s success is dependent on its financial stability. To this end, the principal financial indicators targeted and monitored by the Governors include current and prospective pupil numbers, annual surplus, and cash reserves.

. Community, Eco and Charity:

The School continued its involvement in outreach and partnerships with local schools and other community organisations to help share resources and expertise for the benefit of all in the local community. These events and efforts have included:

• e Sports Festivals for a local primary school at the school’s sports ground. e St Mary's University Maths Enrichment Morning — for Year 3 students (organised and led by St Mary’s PGCE students).

• e Use of Mini-buses ~ Driven by school drivers for partner school events. e SEN Collaboration — Shared observations and discussion within the SEN Department at a local primary school.

• e Black History Month Workshops and STEM Day events with groups from another local primary school. .

Students are involved in many of the community outreach efforts to help them learn to be a part of and contribute positively to the world around them. In the past year those efforts have included:

• e Community Ambassadors — Volunteering morning at Brite Box. e Year 8 Valedictory Community Day— a morning volunteering at South East Rivers Trust and work experience afternoon at Fern Hill.

• e Eco Reps visit to Beverley Brook (part of the South East Rivers Trust) to litter pick, and learn about rejuvenation of wildlife/threat of pollution in the waterway.

• e Year 1 Toy Collection for Kingston Hospital.

• e Choir boys in Year 3 and 4, Head boy, Deputy head boy and house captains sang carols and delivered Christmas hampers to Bradbury House (home for the elderly).

• e Delivered essential supplies of foods, hygiene products and household supplies to Kingston Foodbank.

• e Book Collection of secondhand books donated by all year groups in Rokeby in association with the ‘Children’s Book Project,’ Over 2100 books were collected.

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Rokeby received an Eco Schools Green Flag Award with Distinction for 2024-2025 (4 consecutive year of receiving a green flag award) and the Ocean Friendly Schoo! Award 2025 from the Marine Conservation Society. . .

FUTURE PLANS

Governors and senior staff have continued to focus on the strategic needs of the School. First and foremost, that means the provision of an excellent and challenging academic education while also fostering the development of the boys’ sense of self, and their engagement with the world around them.

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The School was successful in appealing for permission for a renovation and extension to the school’s multipurpose hall and DT building. The school has added an electricity substation to allow the future provision of electric vehicle charging points and to move the kitchen utilities from gas to electric. The schoo! renovated the kitchen and dining facilities, created a new classroom space, refurbished the multipurpose hall, rebuilt the adventure playground and renovated the astro pitch during the summer of 2025. Moving forward the school is intending to continue with internal renovations to classrooms and the refurbishing of the playground, the school’s main entrance, reception area and reception office space.

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GOVERNORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

FINANCIAL REVIEW

Financial Results of Activities and Events

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The financial results for the year 2024/25 show a surplus of £717,327 (2023/24: £560,572)

Capital expenditure incurred in 2024/25 amounted to £633,970 (2023/24 £444,135). Cash balances at the end of the year were £8,240,469 (31 August 2024: £8,890,627).

The Governors make use of the following key performance indicators when assessing the operating success of the Company:

Financial:

Annual surplus The annual surplus as a percentage of income ona rolling 5-year basis is to be 10% or over before depreciation charges.

Cash The minimum cash balance including any agreed borrowing facility should be equivalent to at least one term's fee income. If the cash balanceis likely to fall to less than the equivalent of one term’s fee income, the governors will either borrow the required monies, or have a guaranteed overdraft facility or a secured loan in place. Pupil numbers Pupil numbers to exceed budget throughout the year Potential entries Formal applications to exceed 150% of available places immediately prior to the ballot Non-financial: Boys Boys achieve entry to a senior School which is suited to their abilities, interests, personality and needs IS] Inspection All areas meet the requirements in the Independent Schools Inspectorate inspections

The Governors are satisfied with the financial performance of the Company and satisfied that its financial position at the year-end will enable future strategic plans to be achieved.

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Grant Making

The Company provided scholarships, bursaries, and discounts to 10 pupils (2023/24: 6) amounting to £83,331 (2023/24: £41,621).

Net income from the restricted Scholarship Fund totalled £5,550 (2023/24: £7,587) and loss on investments of £650 (2023/24: £16,428 gain).

All fundraising is done in compliance with the best fundraising practices. Fundraising foliows traditional methods such as mufti days, cake sales and activities for the boys.

Reserves Policy

The Governors’ policy is to generate reserves to provide funds to underpin the School's day-to-day operations and to continue to enhance the educational facilities and services of the Schoo! and to fund future projects. The minimum reserves required are based on a minimum cash balance as set out above in the KPls. The reserves necessary to meet these needs comprise the General Fund.

At the balance sheet date, the Group had restricted funds of £231,404 (31 August 2024: £226,504) and unrestricted funds of £11,356,387 (31 August 2024: £10,643,960) totalling £11,587,791 (31 August 2024: £10,870,464). Free reserves were £5,940,437 (31 August 2024: £5,533,516).

In addition to these unrestricted funds, the School has two Restricted Funds which arise from donations made to the School and which are designated for specific purposes: the Bursary Fund, and the Scholarship Fund

Investments Policy

The Governors’ investment powers are set out in the Company’s Articles of Association. This permits surplus funds to be invested in investments, securities or property as may be thought fit subject to any restrictions which may for the time being be imposed or required by law.

The Company’s policy is to invest surplus funds in cash and short-term deposits except for the Scholarship Fund which is invested in shares and other securities to achieve a balance of capital growth and income. Because the fund is small in investment terms, the cost of using professiona! advice to manage this fund would outweigh likely returns from the fund, so the Governors manage the investments directly using two Common Investment Funds (CIFs), which are investment vehicles similar to unit trusts but available only to charities.

Funds Held As Custodian

Although the Company maintains restricted funds to deal with income that is earmarked for a particular purpose by donors, sponsors, and other funders, the Company does not hold, and the Governors do not anticipate that it will in the future hold, any funds as custodian for any third party. :

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Risk Management and Corporate Governance Matters

The Governors have assessed the major risks to which the School is exposed, in particular those relating to the operations and finances of the School and are satisfied systems are in place to manage exposure to those major risks within acceptable limits. The School’s risks are documented in a Risk Register which is regularly reviewed by the Finance and Capital Assets Committee and updated accordingly. Risks are further controlled through the oversight of the various Board committees. A risk assessment is carried out annually by the Bursar, drawing on input from the Headmaster and other members of staff as appropriate. This risk assessment is reviewed by the Finance and Capital Assets Committee, with particular regard to the operations and finances of the Company. The Finance and Capital Assets Committee also considers whether systems are in place to manage exposure to these risks. The risk assessment is approved by the Board. ~

The Governors’ overall attitude to risk is prudent and cautious in accordance with the Governors’ duties.

The current financial and political climate has raised a number of issues that the Governors are monitoring. The imposition of VAT has led to a drop in pupil numbers in independent education across the United Kingdom. Demographic changes also meana drop in potential student numbers over the next few years. The upheaval to food supply, transport, and energy supply and other future impacts from Brexit and other political issues are all being monitored. The pressures of the inflation on the economy and its impact on salaries and costs has also been monitored and budgeted for. The Governors continue to work towards solutions and to financially mitigate and plan for these impacts whilst being mindful of the financial pressures on parents.

The key risk areas identified by the Governors, to which they believe the School is exposed, and the responsibility for oversight, and mitigation of the School’s exposure to these risks are as follows:

• e Attracting and retaining high quality staff; Identifying staffing needs and training quality staff - The Education Welfare and Staffing Committee regularly review benchmark data to ensure that its remuneration policy, pay scales and benefits packages are appropriate to recruit, train and retain high quality staff.

• e Ensuring pupil intake is maintained successfully and appropriately - The Strategic Development Committee and Finance and Capital Assets Committee track and report admissions data and focus on meeting and exceeding parental expectations.

• e Sustaining revenue throughout the economic cycle — The Finance and Capital Assets Committee and Governing Body ensure that appropriate and timely data and reports are provided to facilitate informed decision-making.

• e Compliance with applicable Regulations and Legislation — The Governing Body through the appointment of designated officers and governors with lead responsibilities and active membership of independent School associations and networks. External professionals are consulted as appropriate.

• e Changing demographics, educational and political landscape — The Strategic Development Committee and Governing Body monitor the possible challenges and plan, where possible, for such eventualities with a long term strategic plan that considers various options.

• e Managing and overseeing the School’s development — The Strategic Development Committee considers the current challenges and opportunities and plans accordingly through a 3 year development cycle.

Professional Indemnity Insurance

The Company has taken out a combined insurance policy that includes buildings and contents insurance, employer's liability insurance and professional indemnity insurance cover for the Governors and staff of the Company. The premium for professional indemnity insurance paid by the Company in respect of this element of the insurance policy was £2,057 for the year ending 31 March 2025 (the Company paid a premium of £2,057 for the year ended 31 March 2024).

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limitedby Guarantee)

GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Status and History

The Company is a registered charity and a company limited by guarantee, not having share capital.

The principal activity of the Company is to run Rokeby School, a day School for boys aged 4-13.

Rokeby was originally an owner-operated School in Wimbledon that was founded in 1877 and closed in 1966. Rokeby Educational Trust Limited was set up in the same year to establish a successor School on the current site. It was incorporated on 25 February 1966 and becamea registered charity on 16 March 1966.

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The Company is governed by the rules and regulations set down in its Articles of Association which were revised on 29 June 2022.

Organisational Structure

The Governors have responsibility for the overall management and organisation of the School, setting and monitoring the overall strategic direction of the Company; approving decisions reserved to Governors (principally approval of expenditure beyond agreed limits); and appointing key members of staff (Headmaster and Bursar).

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The Governors meet as a Board four or five times each year. The Governors are supported in carrying out their responsibilities by various Board Committees including the Finance and Capital Assets Committee, the Education Welfare and Staffing Committee and the Strategic Development Committee. Board committees normally meet between three and six times each year to consider detailed matters and recommend decisions to the Board. The Finance and Capital Assets Committee deals with short-term and long-term financial planning, financial operations, buildings, and property, matters. The Education Welfare and Staffing Committee deals with curriculum and personnel issues. The Strategic Development Committee deals with long range planning and health and safety matters. Additionally, ad hoc groups of Governors are established to consider specific issues and to make recommendations to the Board.

The day to day running of the School is delegated to the Headmaster; the Bursar takes particular responsibility for the non-academic aspects.

The Headmaster is responsible for establishing the Senior leadership Team (SLT), including the Deputy Heads and the Bursar. The SLT oversees the teaching and pastoral care of boys in the School.

Method of Recruitment, Appointment, Election, Induction and Training of Governors

The Governors regularly review the mix of skills that should be available to the Board. New Governors are then sought with these skills, either as additional Governors or as replacements when existing Governors stand down.

On appointment new Governors are inducted into the working of the School and of the Company as a registered charity. New Governors receive an induction pack which includes information about the School and School policies. New Governors are appointed to the Board by the existing Governors to hold office for a period of three years. At the end of a three-year term, retiring Governors are eligible for re-election for a maximum of three terms in total. Governors can serve beyond three terms with the approval of the Board of Governors.

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Arrangements for Setting Pay and Remuneration of Key Management Personnel

The Governors are not remunerated for their roles.

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The Governors directly appoint two key members of staff, the Headmaster, and the Bursar.

For the Headmaster and Bursar following a review, it has been agreed that their salaries will be benchmarked on a 3 yearly basis against the regular reviews conducted by Baines Cutler and it has been agreed that they will be paid in line with the average of a specific quartile amongst the selected peer group Schools. The Headmaster and Bursar still receive the same general annual increase that is offered to other staff.

The authority to appoint other members of the SLT lies with the Headmaster. There is a salary scale for SLT members, which is based on government pay scales for teachers in leadership roles. The Headmaster has the authority to make new appointments at an appropriate point on the scale. Individual salaries are then reviewed by the Headmaster biennially and any changes are made in line with the individual’s increased experience and performance; these changes are reviewed by two Governors. The Board approves annually any changes to the salary scales.

Relationships with Related Parties

No Governor is allowed to receive any remuneration for services provided as a Governor. The Board has additionally agreed a policy whereby no Governor may provide services in a professional capacity to the School. Those Governors, who are also parents of boys at the School, have a financial relationship with the School on the same basis as any other parent.

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Governors’ Responsibilities in the Preparation of Financial Statements

The Governors (who are the trustees and directors of the Company for the purposes of charity and company law) are responsible for preparing the Governors’ Annual-Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Governors to prepare financial statements for each financial year. The Governors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law, the Governors must be satisfied that the financial statements for each year give a true and fair view of the state of affairs of theCompany and of the income and expenditure of the Company for that period.

In preparing those financial statements, the Governors are required to:

• e select suitable accounting policies and then apply them consistently; e observe the methods and principles in the Charities SORP; e make judgements and accounting estimates that are reasonable and prudent:

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

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

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

, GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with Companies Act 2006. They are also responsible for safeguarding the assets of the Company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements and comply with the Company's governing document, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

AUDITOR

Statement as to Disclosure of Information to the Auditor

The Governors at the date of approval of this Governors’ Annual Report confirm that so far as each of them is aware, there is no relevant audit information of which the Company’s auditor is unaware, and the Governors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

REFERENCE AND ADMINISTRATIVE DETAILS

The Governors, who are also trustees of the Charity and the directors of the Company and who have held office during the year are as follows:

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E Bocquet (appointed 12 December 2024) Treasurer

B A Brenninkmeijer

F Cheung (resigned 6 May 2025)

S Cotton

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D A Davidson Chair S Henkes Vice Chair J Kelly

J Knight

R Mackaness

C N Newsholme

• H Warner (appointed 12 December 2024)

The principal address and the registered office of the Company is Coombe Croft, George Road, Kingston upon Thames, Surrey KT2 7PB. The Company is registered under the charity number 312653 and is incorporated with the company registration number 00872414.

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ROKEBY EDUCATIONAL TRUST LIMITED ; (A Company Limited by Guarantee)

GOVERNORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

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Solicitors: Moore Barlow LLP, The Oriel, Sydenham Road, Guildford, Surrey GU1 3SR

Farrer & Co LLP, 66 Lincoln's Inn Fields, London WC2A 3LH Auditor: HaysMac LLP, 10 Queen Street Place, London EC4R 1AG Banker: HSBC plc, 54 Clarence Street, Kingston upon Thames, Surrey KT1 1NS

The following key senior members of staff are responsible for the day-to-day management of the school:

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J Peck Headmaster of Rokeby School } G Anderson Deputy Head (Academic) (resigned 21 April 2025) J Mortimer Deputy Head (Academic) (appointed 1 September 2025) K Bratt Deputy Head (Pastoral) L Sanderson Head of Lower School and Designated Safeguarding Lead C Moolman Assistant Head (Learner Operations) (maternity leave from 8 August 2025) T Taylor Head of Middle School M Leeson Bursar, Clerk to the Board of Governors and Company Secretary

This report was approved by the board of Governors on 11 December 2025 and was signed for and on behalf of the board by

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D A Davidson

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

AUDITORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Opinion

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

In our opinion, the financial statements:

• e give a true and fair view of the state of the group’s and of the parent charitable company's affairs as at 31 August 2025 and of the group’s and of the parent charitable company’s net movement in funds, including the income and expenditure, for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

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The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ 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.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our: knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

AUDITORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

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Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group’s and of the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report (which incorporates the strategic report and the directors’ report).

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

• adequate accounting records have not been kept by the parent charitable company; or

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

• ¢ certain disclosures of trustees’ remuneration specified by law are not made; or

• ¢ we have not received all the information and explanations we require for our audit

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. .

In preparing the financial statements, the trustees are responsible for assessing the group’s and of the 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 trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

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

Based on our understanding of the group and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to charity and company law applicable in England and Wales, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

AUDITORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to revenue recognition, in particular in relation to recording income from donations and charitable activities in the correct accounting period and management override of controls. Audit procedures performed by the engagement team included:

• — Inspecting correspondence with regulators;

• Discussions with management including consideration of known or suspected instances of noncompliance with laws and regulation and fraud;

• Reviewing the controls and procedures of the charity relevant to the preparation of the financial statements to ensure these were in place throughout the year, including during the Covid-19 remote working period;

• Reviewing debtors recoverability post year end;

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• Reviewing managements decisions on bad debt;

• Reviewing post balance sheet events;

• Evaluating management's controls designed to prevent and detect irregularities;

• • Identifying and testing journals, in particular journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptions; and
• • Challenging assumptions and judgements made by management in their critical accounting estimates.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Use of our report

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

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Thomas Wilson (Senior Statutory Auditor)

Thomas Wilson (Senior Statutory Auditor) 10 Queen Street Place For and on behalf of HaysMac LLP, Statutory Auditor London Date: 12/12/2025 EC4R 1AG

15

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GROUP STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

		Unrestricted		Restricted		Total	Total
		funds	.	funds		funds	funds
	Note	2025		2025		2025	2024
		£		£		£	£
INCOME FROM:
Donations and grants	3	750		-		750	-
Charitable activities:
School operating income	4	8,443,983		-		8,443,983	8,174,098
Investment income	5	390,141		5,550		395,691	343,970
Trading income		59,350		-		59,350	15,106
TOTAL INCOME		8,894,224		5,550		8,899,774	8,533,174
EXPENDITURE ON:
Charitable activities	6
School operating costs		(8,181,797)		-		(8,181,797)	(7,989,030)
TOTALEXPENDITURE		(8,181,797)		-		(8,181,797)
NET INCOME BEFORE INVESTMENT
GAINS & LOSSES		712,427		5,550		717,977	544,144
Net (losses)/gains on investment assets	11	-		(650)		(650)	16,428
NETMOVEMENT IN FUNDS FOR THE		712,427		4,900		717,327	560,572
YEAR					;
Total funds at 1 September 2024	16	10,643,960		226,504		10,870,464	10,309,892
TOTALFUNDSAT31AUGUST2025	16	11,356,387		231,404		11,587,791	10,870,464

As permitted by Section 408 of the Companies Act 2006, the Statement of Financial Activities of the Company is not presented as part of these financial statements. The net surplus of the Company was £716,512.

All activities relate to continuing operations.

The notes on pages 18 to 31 form part of these financial statements.

;

16

,

,

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GROUP BALANCE SHEET AS AT 31 AUGUST 2025 REGISTERED NUMBER: 00872414 CHARITY NUMBER: 312653

			2025	2024
		Note	£	£
	FIXED ASSETS
	Intangible assets	9	13,254	29,159
	Tangible assets	10	5,402,696	5,080,215
.	Investments	11	195,971	196,621
			5,611,921	5,305,995
	CURRENT ASSETS
	Debtors	12	2,808,644	333,916
	Bank		8,240,469	8,890,626
			11,049,113	9,224,542
	CREDITORS: amounts falling due within
	one year	13	(4,174,637)	(1,963,631)
	NETCURRENT (LIABILITIES)/ASSETS		6,874,476	7,260,911
	TOTAL ASSETS LESS CURRENT LIABILITIES		12,486,397	12,566,906
	CREDITORS: amounts falling due after
	more than one year	15	(898,606)	(1,696,442)
	NETASSETS		11,587,791	10,870,464
	CHARITY FUNDS	16
	Restricted funds:
	Scholarship Fund		208,395	203,495
	Bursary Fund		23,009	23,009
	Unrestricted funds:
	General fund		11,356,387	10,643,960
			11,587,791	10,870,464

The financial statements were approved by the Governors on 11 December 2025 and signed on their behalf, by:

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17

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

COMPANY BALANCE SHEET : AS AT 31 AUGUST 2025

			2025	2024
		Note	£	£
	FIXED ASSETS
Intangible assets		9	13,254	29,159
	Tangible assets	10	5,402,696	5,080,215
	Investments — -	11	195,972	196,622
			5,611,922	5,305,996
	CURRENT ASSETS
	Debtors	12	2,828,644	349,546
	Bank		8,207,072	8,870,667
			11,035,716	9,220,213
	CREDITORS: amounts falling due within
	one year	13	(4,163,126)	(1,960,373)
	NETCURRENT (LIABILITIES)/ASSETS		6,872,590	7,259,841
	TOTALASSETS LESS CURRENT LIABILITIES		12,484,512	12,565,836
	CREDITORS: amounts falling due after
	more than one year	15	(898,606)	(1,696,442)
.	NETASSETS		11,585,906	10,869,394
	CHARITY FUNDS	16
	Restricted funds:
	Scholarship Fund		208,395	203,495
	Bursary Fund		23,009	23,009	-
	Unrestricted funds:
	General fund		11,354,502	10,642,890
			11,585,906	10,869,394

The financial statements were approved by the Governors on 11 December 2025 and signed on their behalf, by:

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D A Davidson

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18

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GROUP CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

			2025	2024
		Note	£	£
Cash flows from operating activities:				;
Net cash generated from operating activities		18	654,563	900,740
Cash flows from investing activities:
Dividends, interest and rents from investments			395,691	343,970
Purchase of property, plant and equipment			(633,970)	(412,326)
Purchase of intangible assets			-	(31,809)
Net cash used in investing activities			(238,279)	(100,165)
Cash flows from financing activities:
Movement on fees in advance			(1,092,692)	1,709,510
Movement on deposits from parents			26,250	26,256
			(1,066,442)	1,735,766
Change in cash and cash equivalents in the	reporting
period			(650,158)	2,536,341
Cash and cash equivalents at the beginning ofthe reporting
period			8,890,627	6,354,286
Cash and Cash Equivalents at the end ofthe reporting					.
period			8,240,469	8,890,627
Reconciliation ofnet debt	01/09/2024	Cashflows	Non-	31/08/2025
			Cashflows	,
	£	£	£	£
Cash at bank and in hand	8,890,627	(650,158)	-	8,240,469
Fees in advance withing 1 years	(590,568)	-	(19,889)	(610,457)
Fees in advance between 1-5 years	(1,065,872)	-	771,016	(294,856)
Fees in advance over5years	(53,070)	-	53,070	-
	7,181,117	(650,158)	804,197	7,335,156

19

.

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES

1.1 COMPANY INFORMATION

Rokeby Educational Trust Limited (the Company) is a private company limited by guarantee incorporated in England and Wales. Its registered office address is Coombe Croft, George Road, Kingston upon Thames, Surrey KT2 7PB.

The principal activity is disclosed in the Governors’ annual report.

.

1.2 BASIS OF ACCOUNTING . . These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, the requirements of the Companies Act 2006. and under the historical cost convention, except as modified for the annual revaluation of fixed asset investments.

Within the definitions of FRS 102, the Company is a public benefit entity.

The financial statements have also been prepared in accordance with the accounting policies set out in more detail below, to comply with the Company’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The financial statements have been prepared with the adoption of the FRS 102. This is the first set of financial statements where the Triennial Review amendments have been adopted. There have been no changes to amounts presented in respect of transactions or balances in any of the main statements as aresult of adoption of the changes, but certain disclosures have been updated in line with the new requirements.

The financial statements are prepared in Sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £1.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet. consolidate the financial statements of the Company and its subsidiary undertaking, Rokeby School . Trading Limited. The results of Rokeby School Trading Limited are consolidated on a line by line basis. The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.

• 1.3 GOING CONCERN

' The governors have assessed and analysed a number of factors including school enrolment, waiting lists, cash flow forecasts and budget projections for the future. All of those factors have given the Governors confidence that the Company will be able to continue its activities and meets it financial liabilities for the foreseeable future. On that basis, the Governors have prepared the financial statements using the going concern basis.

;

20

;

,

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ,

1. ACCOUNTING POLICIES (Continued)

;

• 1.4 INCOME

General donations and other similar types of voluntary income are brought into account when receivable and donated income is included gross of any attributable tax recoverable, where relevant. Donations given for specific purposes are treated as restricted income.

Tuition fees are billed termly, stated net of Value Added Tax and are accounted for on an accrual basis. Investment income, registration and examination fees is recognized when earned. Income for extra-curricular activities and school provided transport in billed termly in arrears.

1.5 EXPENDITURE Expenditure is allocated to the Company’s principal activity where the costs can be identified as being directly related to that activity. Ail costs that cannot be identified as relating directly to the Company’s principal activity are categorised as either support costs or governance costs. Any costs that cannot be specifically categorised are allocated in proportions based upon a suitable ratio applicable to the nature of the cost involved.

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Bursaries payable are recognised in the period in which the approved offer is conveyed to the recipient except in those cases where the offer is conditional, such bursaries being recognised only when the conditions attaching to the award are fulfilled. Bursaries offered subject to conditions, which have not been met at the balance sheet date, may be noted as potential commitments where significant, but are not treated as a liability.

Governance costs are the costs associated with running the Company as a charitable company, and include a proportion of staff costs, audit fees and certain other costs identified as directly governance related. _

• 1.6 TAXATION , The Company is a registered charity and as such its income and gains falling due under section 471 to 489 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from corporate tax to the extent that they are applied to its charitable objectives.

1.7 INTANGIBLE FIXED ASSETS All intangible assets purchased that have an expected useful economic life that exceeds one year are capitalised and classified as fixed assets. Intangible fixed assets are stated at historical cost less amortisation. Amortisation is provided on all intangible fixed assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:

Software

~ Over four years

21

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES (Continued)

2. 1.8 TANGIBLE FIXED ASSETS All tangible assets purchased that have an expected useful economic life that exceeds one year are capitalised and classified as fixed assets. Tangible fixed assets are stated at historical cost less depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:

Freehold land and buildings - The land and buildings held by the Company in George Road, Kingston upon Thames at 31 August 1975 had been written down to £100,000, being an amount representing the value of the freehold land. This freehold land has been retained in the balance sheet at the carrying value of £100,000.

• The freehold land at the sports ground in Worcester Park is not depreciated. The cost of the pavilion is depreciated over ten years. - The cost of any minor additions to buildings since 1 September 1975 is depreciated over ten years.

• Major alterations made to existing school buildings and additional buildings acquired are depreciated over fifty years.

Fixtures, fittings and equipment - Computer equipment over three years - All other fixtures, . fittings and equipment over four years Motor vehicles - Over four years

• 1.9 INVESTMENTS The Company’s investments are included in the balance sheet at fair value (their market value). The gains or losses arising upon their annual revaluation are included in the statement of financial activities. ,

• 1.10 LEASED ASSETS AND OBLIGATIONS All of the Company's leases are “operating leases”. The costs of these leases are charged to the statement of financial activities on an accruals basis over the term of the lease.

22

:

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES (Continued)

2. 1.11 PENSION CONTRIBUTIONS

Retirement benefits to certain employees of the Company are provided by the Teachers’ Pension Scheme England and Wales (“TPS”), a defined benefit scheme for which the assets are held separately from those of the Company.

The TPS is an unfunded scheme and contributions are calculated so as to spread the cost of pensions over employees’ working lives with the Company in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quinquennial valuations using a prospective benefit method. The TPS is a multi-employer scheme and the Company is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis. The TPS is therefore treated as a defined contribution scheme and the contributions recognised as they are payable each year.

The School has implemented a phased withdrawal from the Teachers’ Pension Scheme effective from 1 December 2025. From this date, new teachers will no longer be eligible to join the Teachers’ Pension Scheme, but will be offered an alternative Defined Contribution scheme.

For all other employees, the Company makes contributions into a defined contribution scheme, whose assets are also held in a separate fund independently administered by Scottish Widows. The amount charged to the statement of financial activities in respect of pension costs is the total contributions payable for the year.

1.12 FINANCIAL INSTRUMENTS

• A financial instrument is a contract that gives rise to a financial! asset of one entity and a financial liability or equity instrument of another entity. Financial instruments are therefore classified and accounted for according to the substance of the contractual arrangement as financial assets, financial fiabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities

• 1.13 FINANCIAL ASSETS AND LIABILITIES The Company’s debtors and creditors that meet the definition of either a financial asset or a financial liability are initially recognised at fair value and thereafter are stated at amortised cost using the effective interest method.

• 1.14 FUND ACCOUNTING The general fund comprises the accumulated surpluses of unrestricted income over expenditure, which are available for use in furtherance of the general objectives of the Company.

Designated funds are a particular form of unrestricted funds consisting of amounts, which have been allocated or designated for specific purposes by the Governors. The use of designated funds remains at the discretion of the Governors.

Restricted funds are funds subject to specific conditions imposed by donors. The purpose and use of the restricted funds are set out in the notes to the financial statements. Amounts unspent at the year end are carried forward in the balance sheet.

23

;

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company’s accounting policies, the Governors are 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 underlying 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 ongoing 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.

School Deposits Refundable deposits are currently classified between long term and short term in the financial statements. These deposits are refundable in the event that pupils leave the school on one term’s notice, and as such the deposit would be refunded to the parents at that point. However, the financial statements are prepared on a going concern basis and management make a judgement that the majority of pupils will remain in the school for their full years of education and therefore the deposit will be refunded to them when they leave the school. Therefore, short term deposits reflect those pupils that will be leaving the school within one year, and the long-term deposits reflect those pupils that are likely to be leaving the schoo! more than twelve months from the balance sheet date.

1. Income from donations and legacies

3.	Income from donations and legacies
		Total	Total
		2025	2024
		£	£
	Donations	750	-
		750	-
	All income from donations and legacies is unrestricted for the current and comparative year.
4.	School operating income
		2025	2024
		£	£
	Gross Fees receivable for tuition and fees in lieu of notice	8,091,591	7,867,162
	Scholarships, discounts and bursariesawarded	(83,331)	(41,621)
	Net Fees	“8,008,260	7,825,541
	Other operating income	435,723	348,557
		8,443,983	8,174,098

All School operating income is unrestricted for the current and comparative year.

24

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

,

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

5. Investment Income

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	2025	2025	2025	2024	2024	2024
	£	£	£	£	£	£
Bank interest	390,141	-	390,141	336,383	-	336,383
Income from
investments	-	5,550	5,550	-	7,587	7,587
	390,141	5,550	395,691	336,383	7,587	343,970

6. School Operating Costs and Governance Costs

.

School Operating Costs and Governance Costs
		2025	2024
		£	£
Direct Costs
Teaching : Staff costs	;	4,459,489	4,485,079
Teaching : Operating lease rentals		80,301	68,277
Teaching : Other costs		512,637	559,691
Welfare : Other costs		527,887	468,189
Premises : Staff Costs		365,861	317,997
Premises : Other costs		817,409	663,918
Support Costs
Wages and salaries - support		636,493	581,935
Amortisation Depreciation		15,905 311,489	2,650 336,494
Audit fee		33,660	23,670
Operating lease rentals		7,856	8,158
Other costs *		412,810	472,972
		8,181,797	7,989,030

• Other costs comprise general administrative costs including items such as recruitment, professional fees, marketing, IT, printing etc.

• NET MOVEMENT IN FUNDS

,

NET MOVEMENT IN FUNDS
	2025	2024
This is stated after charging:	£	£
Auditors’ remuneration: audit	22,500	20,400
Auditors'remuneration:non-auditfees	4,800	3,270

25

:

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8.	STAFF COSTS	,
			2025	2024
			£	£
	Wages and salaries	:	4,145,382	4,125,744
	Social security costs		488,127	438,138
	Teacher pension costs	;	693,288	687 527
	Other pension costs		135,046	133,602
			5,461,843	5,385,011
	The average monthly number ofemployees during the period was as follows:
			2025	2024
			Number	Number
	Teaching		66	66
	Welfare, premises, support	and administration	35	35
			101	101

The number of employees whose remuneration for the year fell within the following bands was:

		2025	2024
		Number	Number
£60,000 to £69,999		16	18
£70,000 to £79,999		6	4
£80,000 to £89,999		2	2
£140,000to£149,999	=	1	1

The Company made contributions to pension schemes on behalf of all employees whose emoluments exceeded £60,000, and the total contributions payable during the year amounted to £452,819 (2024: £457,157). No other member of staff received total emoluments in excess of £60,000 during the current or previous year.

The total amount of employee benefits received by key management personnel for their services to the Company during the year amounted to £834,263 (2024: £636,915) and the Company incurred employers’ national insurance contribution costs of a further £76,512 (2024:£74,883) in relation to the employment of these same members of staff.

None of the Governors received any remuneration for services as a trustee or as a director of the Company during the current or previous year. None of the Governors received reimbursement for expenses incurred in relation to the Company during the current or previous year.

26

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

The Company has taken out a combined insurance policy that includes buildings and contents insurance, employer's liability insurance and professional indemnity insurance cover for the Governors and staff of the Company. The premium for professional indemnity insurance paid by the Company in respect of this element of the insurance policy was £2,057 for the year ending 31 March 2025 (the Company paid a premium of £2,057 for the year ended 31 March 2024).

9.	Intangible Fixed Assets
	GroupandCompany					Total
						£
	Cost:
	1 September 2024					56,145
	31 August 2025					56,145
	Amortisation:				;
	1 September 2024					26,986
	Charge for the year					15,905
	31 August 2024					42,891
	Net book Value:
	31 August 2025					13,254
	31 August 2024					29,159
10.	Tangible Fixed Assets		Assets	Fixtures
	Group andCompany		under	and
		Freehold	construction	fittings	Motor	Total
		£	£	£	£	£
	Cost:
	31 August 2024	9,643,041	283,210	2,456,410	84,171	12,466,832
	Additions Transfers	- 679,827	588,732 (871,942)	31,338 192,115	13,900 -	633,970 -
	31 August 2025	10,322,868	-	2,679,863	98,071	13,100,802
	Depreciation:
	31 August 2024	5,105,706	-	2,200,607	80,304	7,386,617
	Provided during the year	170,789	-	137,681	3,019	311,489
	31 August 2025	5,276,495	-	2,338,288	83,323	7,698,106
	Net book value:
	31 August 2025	5,046,373	-	341,575	14,748	5,402,696
	31August2024	4,537,335	283,210	255,803	3,867	5,080,215

27

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

		NOTES TO THE FINANCIAL STATEMENTS
	.	FOR THE YEAR ENDED 31 AUGUST 2025
11.	Investments
	Group andCompany		2025	2024
		;	£	£
	1 September 2024		196,621	180,193
	Gains and Losses		(650)	16,428
	31August2025		195,971	196,621

At the balance sheet date, the historical cost of the investments was £125,991 (2024: £125,991).

Investment in subsidiary

On the 9 February 2025 Rokeby School Trading Limited (Company house number : 15477119) was incorporated and became the whole owned subsidiary of Rokeby Educational Trust Limited.

Rokeby Educational Trust Limited has consolidated Rokeby School Trading Limited into its accounts.

The following was a subsidiary undertaking of the charitable company:

		Country of	Class ofshare	Class ofshare	Principle	Principle	Principle
		incorporation	capital	Holding _ activity
	Rokeby School Trading Limited	England & Wales	Ordinary		100% Transportation
12.	DEBTORS		Group		Charity
			2025	2024	2025		2024
			£	£	£		£
	Trade debtors		2,510,630	14,984	2,510,630			10,614
	Amounts owed by subsidiary		-	-	20,000		20,000
	Other debtors		24,435	22,149	24,435		22,149	©
	Prepayments and accrued income		273,579	296,783	273,579		296,783
			2,808,644	333,916	2,828,644		349,546

28

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. CREDITORS: amounts falling due within one year

	Group	Group	Charity
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	223,218	169,139	219,318	169,139
Parental deposits	98,750	58,750	98,750	58,750
Other taxation and social security	116,629	100,755	114,695	99,999
Pension contributions payable	65,433	98,566	65,433	98,566
Other creditors.	10,853	9,381	9,976	6,879
VAT.	312,234	-	312,234	-
Accruals	83,100	230,025	78,300	230,025
Deferred income	2,653,963	706,797	2,653,963	706,797
Fees in advance	610,457	590,218	610,457	590,218
	4,174,637	1,963,631	4,163,126	1,960,373

14.	DEFERRED INCOME	2025	2024
	Group andCompany
		£	£
	Movements in deferred income were as follows:
	Deferred income at the start ofthe year	706,797	472,704
	Income received in advance	2,653,963	706,797
	Deferred income released	(706,797)	(472,704)
	Deferredincomeatendofyear	2,653,963	706,797

Deferred income represents fee income received in advance.

29

:

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. CREDITORS: amounts falling due within more than one year Group and Company

Group and Companyand CompanyCompany		2025	2024
		£	£
Fees in advance	,	294,856	1,118,942
Deposits from parents		603,750	577,500
		898,606	1,696,442

Deposits from parents fall due for repayment within three months after the nominated pupil leaves Rokeby. Earlier repayments may be made at the discretion of the Governors.

	2025	2024
	£	£
Fees in advance
Within 1 year	610,457	590,568	-
Within 2-5 years	294,856	1,065,872
Over 5 years	-	53,070
	905,313	1,709,510

30

ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

16. RECONCILIATION OF FUNDS AND MOVEMENT ON RESERVES

|

2025					Investment	Investment	Investment	.
		Brought			-	gains	/	Carried
		Forward	Income	Expenditure		Transfers		Forward
		£	£		£		£	£
RESTRICTED	FUNDS
Scholarship Fund		203,495	5,550	-		(650)		208,395
Bursary Fund		23,009	-	-		-		23,009
		226,504	5,550	-		(650)		231,404
UNRESTRICTED FUNDS
General Fund		10,642,890	8,834,874	(8,123,262)		-		11,354,502
Subsidiary		1,070	59,350	(58,535)		-		1,885
Tota! Unrestricted Funds		10,643,960	8,894,224	(8,181,797)		-		11,356,387
Total funds		10,870,464	8,899,774	(8,181,797)		(650)		11,587,791
2024		Brought			Investment			Carried
		Forward	Income	Expenditure		gains		_ Forward
		£	£		£	£		£
RESTRICTED	FUNDS
Scholarship Fund		212,757	7,587	(33,277)		16,428		203,495
Bursary Fund		31,353	-	(8,344)		-		23,009
		244,110	7,587	(41,621)		16,428		226,504
UNRESTRICTED FUNDS
General Fund	.	9,065,782	8,510,481	(7,933,373)	1,000,000			10,642,890	.
Fiftieth Anniversary Fund Subsidiary		1,000,000 -	- 15,106	- (14,036)	» (1,000,000) -			- 1,070
Total Unrestricted Funds		10,065,782	8,525,587	(7,947,409)		-		10,643,960
Totalfunds		10,309,892	8,533,174	(7,989,030)		16,428		10,870,464

The Scholarship Fund was set up in 1995 following the receipt of an anonymous donation. The funds are intended to be used to provide a full scholarship for a pupil of Rokeby School, who would otherwise be unable for financial reasons to attend the school.

The Bursary Fund was set up in 2008 following the receipt of donations from the parents of boys leaving in that year and this fund has subsequently been added to by donations from the Rokeby Parents’ Circle as well as other anonymous donations. The funds are intended to be used to provide bursaries for boys whose parents would otherwise be unable to afford the school’s normal tuition and extra-curricular fees.

The Fiftieth Anniversary Fund was created in 2016. However, it has not been used since its designation. During the 2023./24 year at a Board meeting, the Governors agreed to remove the status of the Fiftieth Anniversary as a designated fund. The monies will now form part of the General Fund.

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

==> picture [477 x 514] intentionally omitted <==

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |FOR|THE|YEAR|ENDED|31|AUGUST|2025|.| |17.|ANALYSIS|OF|NET ASSETS|BETWEEN|FUNDS|- 2025| |)|-|Unrestricted|—_—-Restricted|Total| |funds|funds|funds| |2025|2025|2025| |£|£|£| |Fixed|assets|5,415,950|-|5,415,950| |Investments|-|195,971|195,971| |Net|Current|assets|6,839,043|35,433|6,874,476| |Creditors|due|in|more|than|one|year|©|(898,606)|-|(898,606)| |11,356,387|231,404|11,587,791| |ANALYSIS|OF|NET|ASSETS|BETWEEN|FUNDS|-|2024| |,|Unrestricted|Restricted|Total| |funds|funds|funds| |2024|2024|2024| |£|£|£| |Intangible|&|Tangible|fixed|assets|5,109,374|-|5,109,374| |Investments|-|196,620|196,620| |Net|Current|assets|7,231,029|29,883|7,260,912| |Creditors|due|in|more|than|one|year|(1,696,442)|-|(1,696,442)| |10,643,961|226,503|10,870,464| |18.|NET CASH|FLOW|FROM|OPERATING|ACTIVITIES|2025|2024| |£|£| |Net|movement|in|funds|717,327|560,572| |Dividends,|interest|and|rents|from|investments|(395,691)|(343,970)| |Amortisation|charges|15,905|2,650| |Depreciation|charges|311,489|336,494| |Net|losses|/(gains)|on|investment|assets|649|(16,428)| |(Increase)|/|Decrease|in|debtors|(2,474,728)|(95,564)| |Increase|/|(Decrease)|in|creditors|2,479,612|456,986| |NET CASH|INFLOW|FROM|OPERATIONS|654,563|900,740|

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ROKEBY EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

19.	COMMITMENTS UNDER OPERATING LEASES	2025		2024
		£		£
	At 31 August 2025, the Company was committed to make the following		:
	total payments under non-cancellable operating leases:
	In respect of motor vehicles and plant and machinery leases —
	Amounts due within one year	47,317		47,317
	Amounts due between one and five years	46,734		94,051
		94,051		141,368

1. RELATED PARTY TRANSACTIONS

There are no related party transactions in the current or prior year.

1. PENSION COMMITMENTS

The School participates in the Teachers’ Pension Scheme (“the TPS’) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £693,288 (2024: £687,306) and at the year end date, £64,949 (2024: £86,277) was accrued in respect of contributions to this scheme.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary’s Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report was published in October 2023. The Valuation Report shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.

The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%.

The School has implemented a phased withdrawal from the Teachers’ Pension Scheme effective from 1 December 2024. From this date, new teachers will no longer be eligible to join the Teachers’ Pension Scheme, but will be offered an alternative Defined Contribution scheme.

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