Charity registration number 312705 (England and Wales)
PRENDERGAST SCHOOL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

PRENDERGAST SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustee
The Prendergast Schools Trust
Charity registration
England and Wales
312705
Principal address
Prendergast School
Adelaide Avenue
London
SE4 1LE
Independent examlner
Louise Hallsworth FCA
Affinia (Orpington)
Chartered Accountants
Lynwood House. Crofton Road
Orpington
BR6 8QE
Bankers
CCLA Investments Limited- COIF Charity Funds
Senator House
85 Queen Victoria Street
London
EC4V 4ET
Barclays Bank PLC
Leicester
Leicestershire
LE87 2BB

PRENDERGAST SCHOOL
CONTENTS
Page
Trustee's report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
6-13

PRENDERGAST SCHOOL
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustee presents its annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP '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 IFRS 1021"
Objectives and activities
The objects of the Trust are the advancement of education in the London Borough of Lewisham and adjoining
London boroughs by the support of The Prendergast School and any of the Prendergast Schools forming part of the
Leathersellers, Federation of Schools.
Achievements and performance
Significant activities and achievements against objectives
Truslees agreed last year a Cy-près scheme with the Charity Commission to update the charity's objects. The
Charitable Incorporated Organisation set up last year with the same objects has had some money transferred and
has undertaken most of the charitable transactions. This has been a lengthy process that Trustees have been
pursuing for several years. Trustees expect to complete the modemisation of the charity within the next year
transferring the remaining assets to the CIO.
Financial review
The accounts of the Trust show a satisfactory position with balances on the Unrestricted Funds increasing to
£1,071.116 from £1,024.603 {2024'. decreased lo £1.024,603 from £1.091.461).
Current year unrestricted funds can be split as follows..
Net Book Value of Fixed Asset
Market Value of investments
General unrestricted funds (spendable)
£468.600
£482,774
£119,742
Total funds
£1,071,116
The Trust has provided a contribution of £nil (2024- £41,840) to the benefit of Prendergast School this year as the
CIO has aGGrued an amount of £45,000 as a capital contribution..
Going concern
After making appropriate enquiries, the Tnjstees have a reasonable expectation that the Charity has adequate
resources to continue in operational existen￿ for the foreseeable future. For this reason it continues to adopt the
going con￿rn basis in preparing the accounts although once all Ihe assets are transferred to the CIO the Charity will
be closed.
ReseNes policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to between three and six month's expenditure. The Trustee considers that reserves
at this level will ensure that, in the event of a significant drop in fijnding, they will be able to continue the charity's
current activities while consideration is given to ways in which additional funds may be raised. This level of reserves
has been maintained throughout the year.
Stru¢ture, governan¢e and management
The Charity is registered with the charity commission and govemed by its goveming documents.
The members of the Prendergast Schools Trust. who is the Trustee served during the year and up to the date of
signature of the finanaal statements.

PRENDERGAST SCHOOL
TRUSTEE'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Recruitment and appointment of trustees
The Trust has a historical relationship with bolh the Governing Board of the Leathersellers. Federation of Schools
and the Worshipful Company of Leathersellers who also support the Leathersellers. Federation of Schools. As part
of its modernisation, the Trust has appointed the new CIO as its sole trustee. The governing document of the CIO
maintains the links with the Leathersellers Federation of Schools and the Worshipful Company of Leathersellers in
the appointment of Trustees.
None of the members of the Trustee have any beneficial interest in the charity.
The Trustee's Report was approved by the Board of Trustee.
The Prendergast Schools Trust
Trustee
Date:
2810112026

PRENDERGAST SCHOOL
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEE OF PRENDERGAST SCHOOL
I report to the Trustee on my examination of the financial statements of Prendergast School (the charity) for the
year ended 31 March 2025.
Responsibilities and basis of report
As the Trustee of the charity you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act 2011.
report in respect of my examination of the charity's financial stalements carried oul under section 145 of the
Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission
under section 145{5){b) of the Charities Act 2011.
Independenl examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect=
accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
the financial statements do not accord with those records- or
the financial statements do not cotnply with the applicable requirements conceming the form and content of
financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the financial statements give a true and fair view, which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Louise Hallsworth FCA
Affinia (Orpington)
Chartered Accountants
Lynwood House, Crofton Road
Orpington
BR6 8QE
Date:............................

PRENDERGAST SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
as restated as restated as restated
In¢ome from:
Donations and legacies
Investments
10
2,341
10
31.119
140
2,191
140
29,536
28,778
27,345
Total income
2,351
28,778
31,129
2,331
27,345
29,676
Expenditure on:
Charitable activities
4,400
4,400
4,400
83,520
87,920
Total expenditure
4,400
4.400
4,400
83.520
87,920
Net gainsl(losses) on
investments
10
19,784
19,784
(8,6141
(8,614)
Net incomel(expenditure) and
movement in funds
(2,049)
48,562
46,513
(2,069}
(64,789)
(66,858)
Reconciliation of funds:
Fund balanGes at 1 April 2024
481,231
543,372 1.024,603
483,300
608.161
1,091,461
Fund balances at 31 March
2025
479.182
591.934
1,071.116
481.231
543.372 1,024,603
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

PRENDERGAST SCHOOL
?81112026
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
12
13
468,600
482,774
473,000
462,990
951,374
935,990
Current assets
Debtors
Cash at bank and in hand
14
51.825
70,601
91,299
122,426
91,299
Creditors: amounts falling due within
one year
15
(2,684)
(2,686)
Net current assets
119,742
88,613
Total assets less current liabilities
1,071,116
1,024,603
The funds of the charity
Restricted income funds
Unrestricted funds
16
17
591,934
479,182
543,372
481,231
1.071,116
1,024,603
The financial statements were approved by the Trustee on
2810112026
The Prendergast Schools Trust
Trustee

PRENDERGAST SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity infonnation
Prendergast School is an unincorporated charrty.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity'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)" (as amended for accounting periods commencing
from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not to prepare a Statement of Cash Flows.
1.2 Going concem
At the time of approving the financial statements. the Tnjstee has a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustee
Gontinue to adopt the going concem basis of aGGounting in preparing the financial statements.
1.3 Charitable funds
Unrestricled funds are available for use at the discrelion of the Trustee in furtherance of their charitable
objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable thal income will be received.
Cash donations are recognised on receipl. Other donations are recognised once the charity has been notified
of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
Grants receivable are credited to income immediately.
Restricted income is included in the restricted income and expendilure account on receipt.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity- The costs of each activty are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs whiGh are not attributable to a single activity are apportioned between those activilies on a basis
consistent with the use of reSoUr￿s. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
The cost of generating funds comprises costs incurred in encouraging people or organizations to contribute
financially to the Charity's work. It includes the costs of advertising for funds and the costs of mounting
appeals.

PRENDERGAST SCHOOL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Expenditure on charitable activities are the direct and indirect costs incurred by the Charity in pursuan￿ of its
charitable objects.
Governance costs comprise all (x)sts incurred in ensuring the public accountability of the Charity and its
compliance with regulation and good practice. The details are shown on page 10.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Freehold buildings
50 years straight line
Freehold land is not depreciated.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction pri￿ excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Transaction costs are expensed as incurred.
Changes in fair value are recognised in other recognised gains and losses except to the extent that a gain
reverses a loss previously recognised in net income expenditure, or a loss exceeds the a￿uMulated gains
recognised in equity: such gains and loss are recognised in net incomel(expenditure) for the year.
Investment Income
Dividends are credited to the income and expenditure account when they are received.
Credit is tsken for interest income when the interest is due for payment.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charivs balan￿ sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and setue the liability simultaneously.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
intèrest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.

PRENDERGAST SCHOOL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction pri￿ unless
Ihe arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amorlised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Critical accounting estimates and judgements
In the application of the charity's accounting policies. the Trustee is required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted
funds
2025
Unrestricted
funds
2024
Donations and gifts
10
140
Income from investments
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
as restated
27,345
2,191
Dividend income
Interest receivable
28,778
28,778
2,341
27.345
2.341
2,191
2.341
28,778
31.119
2,191
27,345
29,536

PRENDERGAST SCHOOL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
Charitable
Charitable
expenditure expenditure
2025
2024
Direct costs
Depreciation and impaimient
Contribution to Prendergast School
Other charitable expenditure
4,400
4,400
41,840
50
4,400
46,290
Share of support and governance costs (see note 6)
Governance
41,630
4,400
87,920
Analysis by fund
Unrestricted funds
Restricted funds
4,400
4,400
83,520
4.400
87,920
Expenditure in both years were incurred from unrestricted funds.
Support costs allocated to activities
2025
2024
Govemance costs
41,630
Analysed between:
Charitable expenditure
41,630
Net movement in funds
2025
2024
The net movement in funds is stated after chargingl(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
1,770
4,400
4,400
Trustee
None of Ihe Trustee (or any persons connected with them) received any remuneration or benefits from the
charity during the year.

PRENDERGAST SCHOOL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Employees
There were no employees during the year.
10 Gains and losses on investments
Restricted
funds
2025
Restricted
funds
2024
Gainsl(losses} arising on..
Revaluation of investments
19,784
(8,614)
11
Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
12 Tangible fixed assets
Freehold
buildings
Cost
At 1 April 2024
495,000
At 31 March 2025
495,000
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
22,000
4,400
At 31 March 2025
26,400
Carrying amount
At 31 March 2025
468,600
At 31 March 2024
473,000
The land included in Freehold Land and Buildings is £275,000 which is the value when donated. Freehold
land is not depreciated.
10-

PRENDERGAST SCHOOL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Fixed asset investments
Unlisted
investments
Cost or valuation
At 1 April 2024
Valuation changes
462,990
19,784
At 31 March 2025
482,774
Carrying amount
At 31 March 2025
482,774
At 31 March 2024
462,990
14 Debtors
2025
2024
Amounts falling due within one year:
Other debtors
51,825
15 Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
2,684
2,686
16 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2024
Incoming
resources
Resources
expended
Gains and At 31 March
losses
2025
as restated
543,372
Investment funds
28,778
19,784
591,934
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Gains and At 31 March
losses
2024
Investment funds
608.161
27.345
{83.520}
18,614)
543,372
11

PRENDERGAST SCHOOL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Restricted funds
(Continued)
The Charity's unrestricted funds consist of funds which the Charity may use for its purposes at its discretion.
The Charity has certain restricted funds where specific conditions have been imposed by the donor. These are
as follows..
The permanent endowment is to be used in furtheran￿ of the charity's objects (the original purpose of the
endowment had failed. hen￿ the Cy-près scheme).
17 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the tnjstees for specific purposes.
At 1 April
2024
Incoming
resources
Resources At 31 March
expended
2025
General funds
481.231
2,351
14,400)
479,182
Prevlous year:
At 1 Aprll
2023
Incoming
resources
Resources At 31 March
expended
2024
General funds
483,300
2,331
14,400)
481,231
18 Analysis of net assets between funds
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Investments
c￿￿ent asselsl(liabilities)
468,600
468,600
482,774
119,742
482,774
109,160
10,582
479,182
591,934
1,071,116
12-

PRENDERGAST SCHOOL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Analysis of net assets between funds
(Continued)
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Investments
Current assetsllliabilities)
473.000
473,000
462,990
88,613
462,990
80,382
8,231
481,231
543,372
1,024,603
19 Related party transactions
Prendergast School {the "School") is part of Leathersellers. Federation of Schools and is a related party by
virtue of the fact that the Trustee, The Prendergast Schools Trust has two Members of the Leathersellers,
Federation of Schools. During the year £nil (2024= £41,840) was contributed for capital works at the School
and £nil (2024- £26) for administrative expenses. There is a balan￿ of £nil 12024.. £25,528) owed to the
School as at the year end. An amounl of £51,825 is induded as a deblor which is the balance transferred to
the CIO.
13-