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← Beaconsfield Educational Trust Ltd

2025-08-31-accounts

BEACONSFIELD EDUCATIONAL TRUST LIMITED (A Company Limited by Guarantee)

GOVERNORS’ REPORT

AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Registered Charity No. 313120 Registered Company Number: 00717500

BEACONSFIELD EDUCATIONAL TRUST LIMITED

REFERENCE AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

Reference and Administrative details of the Company, its Governors and Advisers for the year ended 31 August 2025

Governors A Dalmahoy2 Resigned 3 December 2025
Dr W Dennis1,3
N G Edwards2 Chair
C M Hilditch2,3 Chair of Nominations and Governance Committee
T Howe1
T W Jenkin1 Chair of Academic & Welfare Committee
S L Lowrey1,3
P Mann1
M J Reyner2,3 Deputy Chair
J Shuttle2
A Suggett2,3
P Watkins2 Chair of Finance Committee
1Member of the Academic and Welfare Committee
2Member of the Finance & General Purposes Committee
3Member of the Nominations and Governance Committee (created 11 February 2026)
Company Secretary J Long (Appointed 1 January 2025)
Company Registered Number 00717500
Charity Registered Number 313120
Registered Office Davenies School
73 Station Road
Beaconsfield
Buckinghamshire, HP9 1AA
Key Management Personnel A J L Thomas Head
D Battersby Deputy Head – Pastoral & Safeguarding & Head of Pre-
Prep
R Cooke Deputy Head - Operations
S Fryer Deputy Head – Teaching and Learning
V Hathaway Director of Admissions, Marketing and Communication
(Appointed 1 April 2025)
J Long Bursar & Clerk to the Governors (Appointed 1 January
2025)
Independent Auditors HaysMac LLP
10 Queen Street Place, London, EC4R 1AG
Bankers National Westminster Bank plc
Hill Avenue, Amersham
Buckinghamshire, HP6 5BU
Solicitors Penningtons Manches Cooper LLP
da Vinci House, Basing View
Basingstoke, Hampshire, RG21 4EQ

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

GOVERNORS’ REPORT INCORPORATING STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The Governors (who are also directors of the Beaconsfield Educational Trust Limited (the Company) for the purposes of the Companies Act) present their annual report together with the audited financial statements of the Company for the year ended 31 August 2025. The Governors confirm that the Annual Report and financial statements of the Charitable Company comply with the current statutory requirements, the requirements of the Charitable Company's governing document and the provisions of FRS 102 and the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities", Second Edition.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution and Objects

The Company was incorporated on 9 March 1962 and is registered as a company limited by guarantee and is registered as a charitable company with the Charity Commission. It is governed by its Articles of Association (last amended 24 November 2020). The Company’s object is to advance education for the public benefit in pursuit of which it operates Davenies School (the School).

The Governors are also the Directors of the Company and the Charity Trustees.

The Governors are required under the Articles to serve as members of the Company. They are elected at full Board meetings, normally the Company AGM, based on nominations/recommendations. Directors retire by rotation each year, but are eligible to stand for re-election. Whilst two Governors have served for a long period of time, the Board is mindful to refresh its members whilst retaining relevant experience from within its membership.

The Board aims to recruit members from a wide range of professional backgrounds and broad experience to enhance strategic debate and decision making and enable the Board to carry out its duties effectively and efficiently. The Board currently has twelve members and as a guide is constituted as follows:

Induction & Training

New Governors are provided with an induction programme including online training through AGBIS and in-school familiarisation visits. An online library is available to all Governors which contains guidance material provided by AGBIS, ISI, Charity Commission and others. All Governors have completed Child Protection in Education and Prevent Duty training and have read the latest version of Keeping Children Safe in Education. They routinely visit the school and liaise with staff whilst confirming policies and protocols are in place and the school remains compliant with current legislation.

Other Relationships

The Company is an active member of the Incorporated Association of Preparatory Schools (IAPS) for the promotion and maintenance of Preparatory School standards generally. The School also maintains membership with the Independent Schools Bursars Association (ISBA) and the Association of Governing Bodies in Independent Schools (AGBIS).

Organisational Structure and Decision Making

The Governors meet as a Board at least three times a year to determine Company and School policy and review its overall management and control, for which they are legally responsible. The Board has established a separate Finance & General Purposes Committee to discuss financial and operational matters concerning the School and an Academic & Welfare Committee to consider matters such as academic performance, bursaries and scholarships, teaching standards, safeguarding and welfare provision. The Board has also recently established a Nominations and Governance Committee to review and refine the Board’s governance structure and processes, evaluate Board and Board Committee composition and effectiveness, assist in identifying potential Governors and advise on the induction and continuing education of Governors. Governors serve on committees depending upon their skills and interests.

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

GOVERNORS’ REPORT INCORPORATING STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The Governors delegate the day-to-day responsibility for the management and administration of the School to the Head and the Bursar, supported by other senior staff members. In September 2025 there was a restructuring of the School’s leadership with the creation of an Executive Leadership Team (ELT) comprising the Head, Bursar, Deputy Head - Pastoral, Deputy Head - Teaching and Learning, Deputy Head - Operations and the Director of Admissions, Marketing and Communications. Sitting below this is the Senior Leadership Team, comprising the ELT, pastoral leads, HR & Compliance Manager and Head of Learning Support.

Remuneration Policy for Key Management Personnel

The members of the SLT are designated Key Management Personnel. The Board meets annually to collectively determine the pay and remuneration of the Head and Bursar. Current rates of pay rates were bench marked as part of the recruitment processes in 2024.

The Head is responsible for determining the pay of the other members of the SLT in line with the management pay scale.

STRATEGIC REPORT

POLICIES AND PRIMARY OBJECTIVES

Davenies’ vision is to engage, inspire and challenge.

Davenies’ mission is to ensure that every boy experiences a breadth of educational opportunities, encouraging and cultivating a lifelong eagerness for learning, whether academic, creative, artistic or sporting. We encourage the boys to discover their own passions and talent, to develop determination and resilience, to reach their potential, and to become mindful and thoughtful individuals, with a strong sense of service, responsibility and community.

Davenies’ aims are:

Davenies’ ethos underpins our vision to engage, inspire and challenge:

Davenies’ spirit provides the stepping stones that develop courteous, confident, thoughtful and independent young men, supporting our School’s motto, singulus pro fraternitate laborans - each striving for the good of all.

STRATEGIES FOR ACHIEVING OBJECTIVES

Our fees are set at a level to ensure the financial viability of the School that is consistent with our aim of providing academic excellence alongside an extensive educational experience.

We welcome children from any ethnic group, religion, background and creed, and all applicants are treated equitably. Human rights and freedoms are respected but must be balanced with the lawful needs and rules of our school community and the rights and freedoms of others. The School seeks to identify and admit boys who can take advantage of the broad and varied curriculum and thrive in the environment that Davenies offers.

The Company is committed to ensuring equal opportunity for all pupils, staff and parents, irrespective of race, ethnicity, religion, sexual orientation, disability, learning difficulty, body image or social background, and will make reasonable adjustments to meet the needs of staff or pupils who are or become disabled.

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

GOVERNORS’ REPORT INCORPORATING STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The Governors and the staff of Davenies are committed to safeguarding and promoting the welfare of our pupils and have undertaken regular training throughout the year.

INSPECTION

The last Compliance and Educational Quality Inspection by the Independent Schools Inspectorate (ISI) occurred in March 2024. There are no qualitative judgements in the new inspection regime, there is simply a possible judgement of ‘met’ or ‘not met’ for each of the areas above. The ISI found Davenies to have met all the standards. School inspections fall due every three years.

ACHIEVEMENTS AND PERFORMANCE

Pupils Numbers

Pupil numbers continue to thrive with 335 boys on roll at the start of the 2024-25 year.

Academic Performance

Our academic results continued to show high levels of attainment. Our 31 Year 8 pupils went on to 13 different Schools:

Davenies achieved four scholarships across Art, Music, Sport and DT. Scholarships were awarded by Bloxham, Marlborough College, Wellington College and Shiplake School. We were also delighted to learn of a retrospective academic scholarship awarded by Wellington College.

In our Year 6 cohort, 29 boys left at the end of the year to go to a range of excellent senior schools: Berkhamsted, Chalfont Community College, Dr Challoner’s Grammar School, John Hampden Grammar School, Merchant Taylors’ School and Royal Grammar School, High Wycombe.

To promote high educational standards and facilitate access to Year 7 & 8, scholarships and exhibitions are awarded based on academic, sporting, musical, dramatic or design technology potential or ability. For scholarships and exhibitions beginning in September 2025, 9 awards were given consisting of 5 exhibitions and 4 scholarships.

Pastoral

At Davenies a great deal of time and attention is put into the pastoral care system, so that all the pupils are able to access all aspects of the curriculum, whether this is in the classroom, remotely or the wider environment. All staff, regardless of their role or job title are part of the pastoral care system and the system itself works because all staff are keen to do their very best for the boys.

The structure of the pastoral system remains unchanged. The Deputy Head oversees the pastoral leaders, who are the Heads of Pre-Prep, Junior School, Middle School and Senior School, plus the Head of Learning Support, Head of PSHE and the School Nurse. This team meets formally on a weekly basis to discuss current individual pastoral needs, as well as the possibilities of policy changes and up and coming ‘big events’.

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

GOVERNORS’ REPORT INCORPORATING STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The School has a tutor system for the boys in Years 7 & 8, which means that each pupil is part of a group of eight to ten boys. Such small groupings allow the tutor to build up a very strong, close and personal relationship with the individual pupil and his parents. The aim of the tutor groups is not only to consider the academic development and day-to-day workloads, but also to take a holistic approach to each boy’s education. Included in this would be the overview of sporting activities, uptake of drama opportunities, encouragement to be part of a musical ensemble as well as a clear push towards new activities and experiences. Tutor meetings are frequent, which ensures that boys will discuss all manner of important issues, from current affairs to political opinions to economic understanding. The boys talk about the need to set examples for the younger pupils and what leadership entails, from both the perspective of being seen around School and from the need to bring an element of service to the community. Every Year 8 boy has an area of responsibility around the School that enables them to gain leadership experience.

The annual anti-bullying survey again produced results which were both positive and informative as to the state of the school’s inner workings as seen through the eyes of individual pupils.

Co-curricular and Extra-curricular

In June 2025 Years 4 to 8 each enjoyed a week’s outdoor pursuits residential trip, to Dorset, Devon and France, whilst Year 3 enjoyed a camp-out at school. Boys at Davenies have continued to have the opportunity to take their experiences beyond the classroom with the School continuing to provide a termly ACE (Alternative Curriculum Experience) day for all boys. There is immeasurable benefit from these experiences for both social and pastoral development.

The Co-Curricular Programme continued to thrive throughout the year from 'flop club' to gymnastics, triathlon to robotics, chess to NFL Club, and French theatre to Mindfulness. The Davenies Cub Pack continues to be one of the most popular activities with between 70 - 100 boys enrolled at any time from Year 3 to Year 5.

Boys have also continued to enjoy success that range from county chess players, LAMDA performances and the BEBRAS coding challenge. This extensive educational experience, in turn, helps to ensure the wellbeing of our pupils, in part, through enrichment where we can further strengthen our close relationships with the boys. Measurement of our success is down to the success of the enrichment programme in terms of pupil achievement outside of the classroom and in helping with personal development by delivering key transferrable skills and promoting positive socioemotional outcomes through the co-curricular activities programme.

Sport

A wide range of sport is played at the School with fixtures or competitions held in rugby, football, cricket, swimming, athletics, gymnastics, cross-country and triathlon. Pupils also enter golf, tennis and judo competitions. Davenies swimmers enjoyed significant success including at the IAPS swimming finals. Pupils also enjoyed significant success in national gymnastics competitions and a number of boys enjoyed national success in the IAPS regional athletics competition. Sports Day was very well attended by parents and the boys rose to the challenge whilst we also gave over our sports fields and facilities for use by High March girls’ school Sports Day.

The school supported local primary schools during the year as Davenies hosted swimming lessons for two local schools and hosted and organised other sports programmes, including football, cricket and multi-sport tournaments for 10 local primary schools.

Arts

2024-25 was another busy and productive year for the Music Department at Davenies, and a school production (Matilda) was the culmination of the Lent term, being played to packed audiences every night. Years 3 to 5 had very successful drama productions and parents and grandparents attended the Nativity and Christingle service. The Carol Service was very popular and packed the church. The lunchtime concert programme continued each term and proved very popular to all who attended while the Gala Concert showcased the school's best musicians in a signature event. The year's highlights were captured on the school website and actively promoted via social media.

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

GOVERNORS’ REPORT INCORPORATING STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

British Values

At Davenies we take seriously our responsibility to prepare our boys for life in modern Britain. Fundamental British Values are promoted, discussed, taught and, ultimately, lived out by our boys, staff and visitors in their daily interactions. There are numerous initiatives that support our values including:

Bursary Awards

The Board agreed to the establishment of a permanent Bursary Fund (Fund) in July 2002. The Fund is funded directly by fees with some additional donations. The Fund is not formally constituted but has been made available to existing pupils whose family have found themselves in financial difficulties. This has included bereavement and estrangement but has more usually been related to the loss of employment or failure in business. The Fund is noted in the statutory accounts as a Designated Fund.

The Governors are committed to broadening access to the School in Years 7 & 8 by offering to eligible parents/guardians means-tested financial support with the payment of school fees depending on the financial, compassionate or other pertinent circumstances of applicants.

Public Benefit

The Governors, as Charity Trustees, have regard to the Charity Commission's public benefit guidance when exercising their powers and duties. In addition to the bursary awards noted above, the Governors encourage the School's partnerships and relationships with the wider community.

The School works with many local charities and community groups to widen public access to the facilities and resources that we have available. We maintain a strong relationship with St Mary and All Saints C of E and Butlers Court Primary Schools locally and provide access to the swimming pool (144 hours) and 72 hours of free teaching. We also maintain St Mary's sports fields and some of our own rugby and soccer fixtures are held there.

We partnered with First Touch Sports, who ran a full holiday camp programme where an average of 40 local children attended during the Easter holidays and 86 over the summer. Working closely with Sports Nut, we open our facilities to many more children in the local community for cricket, swimming, gymnastics and other sports. The School hosted Beaconsfield Rugby Club, Beaconsfield Cricket Club, Burnham Gymnastics Club, Chris Morrow Cricket Club, Coleshill Cricket Club, Karan Cricket Academy, Gerrard's Cross Cricket Club, Seer Green Football Club, Beaconsfield Youth football teams, Rugby Tots and PFO Football to make regular use of our sports facilities out of school hours. The PE and Games Department successfully ran a large multi-sports competition for local primary Schools where Davenies boys supported the day and were drafted in to help some teams who were a little short on the day.

The School’s charitable efforts once again encompassed our annual national initiatives, supporting Macmillan, Children in Need, The Royal British Legion Poppy Appeal, Save the Children, and Comic Relief. In addition, we continued to strengthen our partnership with the local charity One Can Trust, reinforcing our commitment to supporting families within the local community.

The House charities chosen for the year were:

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

GOVERNORS’ REPORT INCORPORATING STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Through the Carol Service and Christingle, Davenies also supported local charities Inspire Bucks and William’s Fund, while the Senior Production raised funds for Roald Dahl’s Marvellous Children’s Charity.

Furthermore, the school came together to celebrate World Bee Day, with part of this whole-school event raising money for The Bee Friendly Trust. A special Pink Pig Café, organised and run by Year 8 staff and boys, raised funds for Breast Cancer Now.

In addition to financial contributions, our charitable efforts included the collection and donation of essential items:

The total amount raised—encompassing the efforts of boys, staff, and the Friends of Davenies—was £25,392.87 .

The boys live the school motto, singulus pro fraternitate laborans - each striving for the good of all, through our charity programme, which empowers them to drive campaigns with the backing of staff and parents. They are also supported by our partnership with Thomas Franks who provide meals to those in need and our ever-popular Cubs pack which continues to participate in multiple community activities.

Volunteers

The Board would like to formally thank Mrs Ann Tennant and the parent members of the Friends of Davenies (registered charity 1167552), and parent volunteers in the School for their enthusiasm and continued support amounting to many hundreds of hours of service. In total over 40 volunteers assisted the School and they were involved in both the day to day life of the School and the multitude of fundraising and social activities that are organised for the Davenies community, which includes listening to boys read, and engaging enthusiastically in Cub pack activities in School.

FINANCIAL REVIEW

Financial Performance

January 2025 saw the introduction of VAT on Independent School Fees, a move that will have lasting effects on the whole sector as schools develop and implement their strategic plans to secure a future for their communities. Under these challenging circumstances, further impacted by increases in National Insurance and the abolition of charitable business rates relief, the Governors considered the financial performance of the Company this year to have been good.

Income decreased by 1.0% (2024: up 11%) to £6,527,246 (2024: £6,582,404) which was as a result of a fall in pupil numbers from 348 to 335. Net income decreased to £43,891 (2024: £254,979). Expenditure increased by 2.5% (2024: 10%) to £6,483,355 (2024: £6,327,425) as savings offset inflationary pressures.

Surpluses are invested in the educational purposes and infrastructure of the School.

The Governors consider that the funds are sufficient to continue in operation and to finance the ongoing capital expenditure needed to maintain and upgrade the school’s facilities to provide an exceptional learning environment across the board.

Capital expenditure £72,945 (2024: £287,535) was carefully controlled and in the main relates to the installation of energy efficient lighting to support the School’s sustainability agenda, IT infrastructure upgrades and investment in the Reception playground.

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

GOVERNORS’ REPORT INCORPORATING STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Reserves Policy

The Governors regularly review the level and nature of the reserve funds of the School. Funds held at the year end were as follows:

Unrestricted general funds: £7,400,334 Restricted funds: £19,804 Designated funds (Bursary Fund): £159,235

Restricted reserves relate entirely to the School's Bursary Fund and remain in place for disbursement as cases of hardship arise. The School does not hold any free reserves having financed the development costs and fit out of the Jubilee Building. The Governors plan to build up free reserves over the coming years so that they can continue to invest in the future of the School.

Fundraising

There was no outsourced fundraising and no fundraising complaints have been received during the year.

Infrastructure Investment

The Governors are committed to investing in the infrastructure and resources of the School. During the year under review the following works were carried out:

  1. Upgrade of the Reception play area

  2. Upgrade of the lighting around the site to LED fittings

  3. Upgrade to the main computer switch infrastructure

  4. Replacement of an oven in the kitchen

FUTURE PLANS

The 10 ~~–y~~ ear development plan and school strategy was revisited and updated.

The key aims of the strategy are:

To offer academic excellence alongside an extensive educational experience:

To deliver contemporary and highly skilled teaching approaches whilst embracing traditional values:

To provide a vibrant, caring and inclusive environment to which all boys contribute and within which they thrive:

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

GOVERNORS’ REPORT INCORPORATING STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

PRINCIPAL RISKS AND UNCERTAINTIES

The Governors review financial performance at the termly Finance & General Purposes Committee and the Governors consider strategic, reputational, operational, compliance and financial risks at each Board meeting. This system of internal control, which is reviewed annually for effectiveness, enables the Governors to identify the major risks to which the Trust is subject; ensure that procedures are in place to manage them and ensure that the Governors are made aware of both.

Risk management seeks to:

Key risks identified are:

Mitigating factors:

The Governors are mindful of the risks associated with a competitive schools’ market locally and whilst the School roll is healthy there is no room for complacency, and the Governors remain vigilant. The Governors continue to monitor performance regularly as well as projected cash flow and trading results and continually review mitigation plans should either a fall in pupil numbers or other external factors become a factor.

Planning is regularly undertaken with a range of scenarios looking at current risk factors to the independent schools’ sector and likely effects on the school specifically. Under the School’s senior leadership, the Governors continue to consider a range of strategic options to ensure that Davenies continues to thrive in the post VAT world.

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

GOVERNORS’ REPORT INCORPORATING STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

STATEMENT OF GOVERNORS RESPONSIBILITIES

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

Company Law requires the Governors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements. the Governors are required to:

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

Disclosure of Information to Auditors

So far as each of the Governors is aware at the time the report is approved:

Auditors

In accordance with Section 485 of the Companies Act 2006, the appointment of the auditors to the Company was discussed at the Annual General Meeting on 18 March 2026. It was agreed to reappoint HaysMac LLP.

Approved by the Board of Governors at its meeting on 18 March 2026 and signed on its behalf by:

N G Edwards

N.G Edwards

Chair

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

BEACONSFIELD EDUCATIONAL TRUST LIMITED

Opinion

We have audited the financial statements of Beaconsfield Educational Trust Limited for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the related notes 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:

Basis for opinion

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

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the governors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The governors are responsible for the other information. The other information comprises the information included in the Governors’ 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.

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

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

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

BEACONSFIELD EDUCATIONAL TRUST LIMITED

Matters on which we are required to report by exception (continued)

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:

Responsibilities of governors for the financial statements

As explained more fully in the Statement of Governors’ Responsibilities on page 11, the governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the governors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the governors are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the governors either intend to liquidate the 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 charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to The Education (Independent School Standards) Regulation 2014, safeguarding regulations, health and safety law, GDPR and employment law 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, the Charities Act 2011, and payroll tax.

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 posting inappropriate journal entries to revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included:

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.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

BEACONSFIELD EDUCATIONAL TRUST LIMITED

Use of our report

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

Tracey Young (Senior Statutory Auditor) For and on behalf of HaysMac LLP, Statutory Auditor

10 Queen Street Place London EC4R 1AG

Date: 02/04/2026

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BEACONSFIELD EDUCATIONAL TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2025

INCOME FROM:
Charitable activities:
School fees
2
Other income
3
Other trading activities:
Non-ancillary trading activities
4
Voluntary sources:
Donations
TOTAL INCOME
EXPENDITURE ON:
Raising funds:
Financing costs
6
Charitable activities:
Education
TOTAL EXPENDITURE
5
NET MOVEMENT IN FUNDS
Fund balances brought forward
Fund balances carried forward		 Unrestricted
Funds
£
6,036,313
354,936
102,502
15,450
6,509,201
250,219
6,233,136
6,483,355
25,846
7,533,723
£7,559,569		 Restricted
Funds
£
-
-
-
18,045
18,045
-
-
-
18,045
1,759
£19,804		 2025
Total
£
6,036,313
354,936
102,502
33,495
6,527,246
250,219
6,233,136
6,483,355
43,891
7,535,482
£7,579,373		 2024
Total
£
6,216,222
239,077
104,230
22,875
6,582,404
224,769
6,102,656
6,327,425
254,979
7,280,503
£7,535,482

All income and expenditure derive from continuing activities.

Comparative movement in restricted and unrestricted funds are shown in Note 20.

The notes on pages 19 to 29 form part of these financial statements.

15

BEACONSFIELD EDUCATIONAL TRUST LIMITED Company No: 00717500

BALANCE SHEET

AS AT 31 AUGUST 2025

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Stock
10
Debtors
11
Cash and bank
CREDITORS -Due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS -Due after more than
one year
13
NET ASSETS
FUNDS AND CAPITAL
Restricted funds
16/17
Unrestricted funds
16/17
TOTAL FUNDS		 2025
£
£
9,261,910
-
1,660,899
2,002,074
3,662,973
(2,802,131)
860,842
10,122,752
(2,543,379)
£7,579,373
19,804
7,559,569
£7,579,373		 2025
£
£
9,261,910
-
1,660,899
2,002,074
3,662,973
(2,802,131)
860,842
10,122,752
(2,543,379)
£7,579,373
19,804
7,559,569
£7,579,373		 2024
£
£
9,719,380
1,712
111,078
2,802,044
2,914,834
(2,110,821)
804,013

10,523,393
(2,987,911)
£7,535,482
1,759
7,533,723
£7,535,482		 2024
£
£
9,719,380
1,712
111,078
2,802,044
2,914,834
(2,110,821)
804,013

10,523,393
(2,987,911)
£7,535,482
1,759
7,533,723
£7,535,482
3,662,973
(2,802,131)		 2,914,834
(2,110,821)
10,122,752
(2,543,379)		 10,523,393
(2,987,911)
£7,579,373 £7,535,482
19,804
7,559,569		 1,759
7,533,723
£7,579,373 £7,535,482

The financial statements were approved and authorised for issue by the Board of Governors on 18 March 2026 and were signed below on its behalf by:

N G Edwards

............................ N G Edwards Chair

The notes on pages 19 to 29 form part of these financial statements.

16

BEACONSFIELD EDUCATIONAL TRUST LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

2025 2024
Notes £ £ £ £
Net cash (used in) /provided by operating (i) (112,076) 847,336
activities
Cash flows from investing activities
Interest received 53,270 -
Interest paid (250,219) (224,769)
Purchase of tangible fixed assets (72,945) (287,535)
VAT recovered on fixed assets 66,815 -
---------------- ----------------
Net cash used in investing activities (203,079) (512,304)
Cash flows from financing activities
Loans repaid (484,815) (64,648)
---------------- ----------------
Net cash used in financing activities (484,815) (64,648)
---------------- ----------------
Change in cash and cash equivalents in year (799,970) 270,384
----------------- -----------------
Cash and cash equivalents at 1 September 2024 2,802,044 2,531,660
------------------ ------------------
Cash and cash equivalents at 31 August 2025 (ii) £2,002,074 £2,802,044
========= =========

17

BEACONSFIELD EDUCATIONAL TRUST LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

2025 2025 2024 2024
£ £ £ £
(i) Reconciliation of net movement in funds
to net cash flow from operations
Net movement in funds 43,891 254,979
Elimination of non-operating cashflows:
Interest received (53,270) -
Financing costs 250,219 224,769
Depreciation charge 442,872 437,901
Loss on disposal of fixed assets 20,728 -
Decrease /(Increase) in stocks 1,712 (3)
(Increase)/decrease in debtors (1,549,821) (36,376)
Increase/(decrease) in creditors 731,593 (33,934)
----------------- -----------------
(155,967) 592,357
---------------------- ----------------------
Net cash provided by operations £(112,076) £847,336
=========== ==========
(ii) Analysis of net debt
At At
1 September Other 31 August
2024 Cashflows Changes 2025
£ £ £ £
Cash and cash equivalents
Cash 2,802,044 (799,970) - 2,002,074
Borrowings
Debt due within one year (289,418) 484,815 (299,606) (104,209)
Debt due after one year (2,673,860) - 299,606 (2,374,254)
---------------------- --------------------- --------------------- ----------------------
(2,963,278) 484,815 - (2,478,463)
----------------------- --------------------- --------------------- -----------------------
Total £(161,234) £(315,155) £- £(476,389)
=========== ========= ========= ===========

18

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

1 ACCOUNTING POLICIES

a. General Information

Beaconsfield Educational Trust Limited is a Public Benefit Entity registered as a charity in England and Wales and a company limited by guarantee. It was incorporated on 21 February 1962 (company number: 00717500) and registered as a charity on 16 July 1962 (charity number: 313120).

b.

Basis of Preparation

The accounts have been prepared on historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Statement of Recommended Practice on Accounting and Reporting by Charities: the Charities SORP (FRS 102) – effective 1 January 2019.

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the School’s financial statements.

c. Going concern

During a time of economic pressures and political changes, the finances of Davenies have been robustly managed to ensure the school remains a going concern. A detailed budget process each year ensures any future cost increases are mitigated through fees and/or cost cuttings in advance of such increases. Termly reforecasts ensure we continue to manage finances robustly throughout the year, allowing early warning signs to easily be flagged.

Forecasting is done on a continuous basis. Looking forward over 5 years and taking average assumptions on fee increases and cost increases, the Governors are happy that the school can continue as going concern and continue to meet its covenants. The biggest risk to independent schools currently is the introduction of VAT on school fees in January 2025. Significant amounts of robust financial modelling has been completed, covering a range of outcomes and possibilities, allowing confidence in the ability to continue to operate in a post VAT environment.

As a result of the action taken and the robustness of the management of the school finances over the course of the year, and since, the Governors consider there to be no material uncertainties relating to going concern and therefore consider it appropriate to continue to adopt the going concern basis in preparing the financial statements.

The Governors believe the disclosures in the financial statements are both appropriate as well as true and fair.

d. School fees

Fees receivable and charges for services and use of the premises, less any allowances, scholarships, bursaries granted by the School against those fees, but including contributions received from restricted funds, are accounted for in the period in which the service is provided.

e.

Other income

These sources of income are included in the accounts when they become receivable and their value can be measured with reasonable certainty.

f. Donations, legacies, grants and other voluntary income

Voluntary income is accounted for as and when entitlement arises, the amount can be reliably quantified and the economic benefit to the School is considered probable. Voluntary income for the School’s general purposes is accounted for as unrestricted and is credited to the General Fund. Where the donor or an appeal has imposed restrictions, voluntary income is credited to the relevant restricted fund.

g. Expenditure

Expenditure is accrued for as soon as a liability is considered probable, discounted to present value for long term liabilities.

Raising funds comprise costs associated with financing.

19

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

Charitable activity costs represent costs directly associated with the provision of education and related support costs. Governance costs comprise the costs of running the charity, including strategic planning for its future development, external audit, any legal advice for the School’s Governors, and all the costs of complying with constitutional and statutory requirements, such as the costs of Board and Committee meetings and of preparing statutory accounts and satisfying public accountability.

Irrecoverable VAT is included with the items of expenditure to which it relates.

h.

Pension Costs

Retirement benefits to employees of the School are provided through two pension schemes, one for teaching staff operated by Aviva and one for non-teaching staff operated by Royal London. The assets of both schemes are held separately from the School.

The pension costs charged in the Statement of Financial Activities represent the Schools contributions to each of these schemes.

i. Depreciation

Depreciation is provided on fixed assets to write off their cost less residual values over estimated useful lives to the School at the following rates:

Freehold building - 2% on cost Furniture, fittings and equipment - 10% - 30% on cost Motor vehicles and garden equipment - 20% on cost

The capitalisation limit for the School is set at £500.

j. Stock

All stock is stated at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks.

k. Debtors

Trade and other debtors are recognised at the settlement amount due after any discounts offered. Prepayments are valued at the amount prepaid net of any discounts due.

l. Cash and bank

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of six months or less from the date of acquisition or opening of the deposit or similar account.

m.

Creditors and Provisions

Creditors and provisions are recognised where the School has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

n. Financial Instruments

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

o. Funds

Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Governors in furtherance of the general charitable objectives.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor (see note 16).

20

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

p. Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management’s best knowledge of the amount, events or actions, actual results may ultimately differ from those estimates. The Governors consider there to be no material areas subject to estimation and judgement.

21

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.
SCHOOL FEES
Gross fees
Fees given as bursaries
Fees given as scholarships
Fees given as discounts
Add: Bursaries paid by restricted funds
3.
OTHER INCOME
Extras
Registration fees & retained deposits
School events
Sundry income
Interest receivable
4.
OTHER NON-ANCILLARY INCOME
Lettings income
5
ANALYSIS OF EXPENDITURE (2025)
a)
Total Expenditure
Raising funds:
Financing costs (Note 6)
Charitable expenditure:
Teaching costs
Welfare costs
Premises costs
Support costs and governance		 Staff Costs
£
-
3,309,159
93,746
198,580
416,748
4,018,233
£4,018,233		 Other
£
250,219
498,974
411,076
489,196
372,785
1,772,031
£2,022,250		 2025
£
6,215,893
(78,195)
(23,583)
(77,802)
-----------------------
6,036,313
-
-----------------------
£6,036,313
==========
2025
£
266,167
9,264
24,183
2,052
53,270
---------------------
£354,936
==========
2025
£
£102,502
==========
Depreciation
£
-
183,759
-
259,113
-
442,872
£442,872		 2024
£
6,328,182
(58,995)
(25,250)
(86,710)
-----------------------
6,157,227
58,995
-----------------------
£6,216,222
==========
2024
£
123,086
4,300
47,663
9,413
54,615
---------------------
£239,077
==========
2024
£
£104,230
==========
Total
2025
£
250,219
3,991,892
504,822
946,889
789,533
6,233,136
£6,483,355

22

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

5 ANALYSIS OF EXPENDITURE (2024)
Staff
Costs		 Other Depreciation Total
2024
b) Total Expenditure £ £ £ £
Raising funds:
Financing costs (Note 6) - 224,769 - 224,769
Charitable expenditure:
Teaching costs 3,039,779 578,791 178,788 3,797,358
Welfare costs 106,596 397,280 - 503,876
Premises costs 193,267 488,667 259,113 941,047
Support costs and governance 460,742 340,638 - 801,380
Bursaries from restricted funds - 58,995 - 58,995
3,800,384 1,864,371 437,901 6,102,656
£3,800,384 £2,089,140 £437,901 £6,327,425
c) Governance included in support costs
2025 2024
£ £
Remuneration paid to auditor for audit services £21,525 £22,230
======== ========
There were no payments made to Governors during the year (2024: nil).
6. FINANCE AND OTHER COSTS 2025 2024
£ £
Loan interest £250,219 £224,769
========== ==========
7. STAFF COSTS 2025 2024
£ £
Wages and salaries 3,195,294 3,046,935
Social security costs 329,572 287,810
Pension 493,367 465,639
-------------------- --------------------
£4,018,233 £3,800,384
========== ==========
The number of employees whose emoluments for the year fell within the following bands were:
Number Number
£60,001 - £70,000 2 3
£70,001 - £80,000 1 1
£80,000 - £90,000 1 1
£110,001 - £120,000 1 -
£150,000 - £160,000 1 1

Pension contributions for the above employees amounted to £87,157 (2024: £78,773).

The total amount paid to Key Management Personnel in the year totalled £1,032,283 (2024: £973,312). Termination payments to Key Management Personnel amounted to £77,173 (2024 - £Nil). The average number of employees during the year was 79 (2024: 82).

23

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

7. STAFF COSTS (continued)

TAFF COSTS (continued)
2025 2024
No No.
The full time equivalent number of employees in the year was:
Teachers 40 45
Teaching Support 19 19
Support Staff 21 18
------- -------
80 82
------- -------

8. PENSION SCHEMES

The School operates a defined contribution scheme for teaching staff, run by Aviva. The assets of the scheme are held separately from those of the School in an independently administered fund. The pension charge represents contributions payable by the School to the fund and amounted to £406,475 (2024: £372,798). Contributions totalling £Nil were payable to the fund at the balance sheet date and are included within creditors (2024: £44,100).

The School operates a defined contribution scheme for non-teaching staff, run by Royal London. The assets of the scheme are held separately from those of the School in an independently administered fund. The pension charge represents contributions payable by the School to the fund and amounted to £86,893 (2024: £ 92,841). Contributions totalling £nil were payable to the fund at the balance sheet date and are included within creditors (2024: £11,685).

9. TANGIBLE FIXED ASSETS

Cost
At 1 September 2024
Additions
Disposals
VAT recovered on prior year assets
At 31 August 2025
Accumulated Depreciation
At 1 September 2024
On disposals
Charge for the Year
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024		 Land and
Buildings
£
13,063,787
-
-
-
13,063,787
4,280,788
-
259,114
4,539,902
£8,523,885
£8,782,999		 Motor
Vehicles
£
65,238
-
(21,711)
-
43,527
65,238
(21,711)
-
43,527
£-
£-		 Fixtures,
Fittings &
Equipment
£
3,228,034
72,945
(408,647)
(66,815)
2,825,517
2,291,653
(387,919)
183,758
2,087,492
£738,025
£936,381		 Total
£
16,357,059
72,945
(430,358)
(66,815)
15,932,831
6,637,679
(409,630)
442,872
6,670,921
£9,261,910
£9,719,380

24

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

10. STOCK 2025 2024
£ £
Goods for resale £- £1,712
======== =======
11. DEBTORS
2025 2024
£ £
Fee debtors 1,489,187 9,262
Other debtors 91,625 9,743
Prepayments and accrued income 80,087 92,073
------------------- -------------------
£1,660,899 £111,078
========= =========
12. CREDITORS – due within one year
2025 2024
£ £
Bank loan 104,209 289,418
Trade creditors 55,877 235,233
Accruals and deferred income 2,122,312 951,095
VAT 337,190 -
Fees received in advance 103,113 364,636
Deposits from parents 48,350 71,800
Other creditors 31,080 198,639
----------------------- -----------------------
£2,802,131 £2,110,821
=========== ==========
The bank loan is secured on the freehold property.
13. CREDITORS – due after more than one year
£ £
Bank loan 2,374,254 2,673,860
Deposits from parents 129,500 129,499
Fees in advance 39,625 184,552
------------------- -------------------
£2,543,379 £2,987,911
========== ==========
Analysis of bank loans:
Amounts falling due:
Between one and two years 99,792 289,418
Between two and five years 341,720 1,157,672
After five years 1,932,742 1,226,770
-------------------- --------------------
£2,374,254 £2,673,860
========== ==========

The bank facility, comprising a business term loan of £2,478,563 (2024: £2,963,277), is secured by a first legal charge over the freehold land and buildings at Beaconsfield Educational Trust Limited. The loan is repayable over 15 years with interest charged at 2.13% p.a. above the base rate.

25

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

13 CREDITORS – due after more than one year (continued)

Fees in advance scheme:

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

Amounts falling due:
Between one and two years
Between two and five years
Within one year
Summary of movements in liability
Balance at 1 September 2024
New contracts
Amounts used to pay fees
Repaid in year
Balance at 31 August 2025
14
DEFERRED INCOME
The balance represents the income received for Autumn 2025 fees. The movements
during the year were:
Brought forward
Amounts received in the year
Amounts utilised in the year
Carried forward		 2025
£
21,288
18,337
39,625
103,113
£142,738
2025
£
872,507
1,964,908
(872,507)
£1,964,908		 2024
£
132,400
52,152
184,552
364,636
£549,188
£
549,188
-
(363,260)
(43,190)
£142,738
2024
£
976,068
872,507
(976,068)
£872,507

15. TAXATION

The School is a registered charity and no taxation is payable on its income.

26

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

16
2025 MOVEMENT IN
FUNDS
Restricted
Bursary Fund
Unrestricted
General Fund
Designated Bursary Fund
TOTAL FUNDS
2024 MOVEMENT IN
FUNDS
Restricted
Bursary Fund
Unrestricted
General Fund
Designated Bursary Fund
TOTAL FUNDS		 Balance at
01-Sep
2024
£
1,759
7,353,723
180,000
7,533,723
£7,535,482
Balance at
01-Sep
2023
£
60,754
7,062,249
157,500
7,219,749
£7,280,503		 Income
£
18,045
6,401,490
(46,310)
6,355,180
£6,373,225
Income
£
-
6,582,404
-
6,582,404
£6,582,404		 Expenditure
£
-
(6,329,334)
-
(6,329,334)
£(6,329,334)
Expenditure
£
(58,995)
(6,268,430)
-
(6,268,430)
£(6,327,425)		 Transfers
£
-
(25,545)
25,545
-
-
Transfers
£
-
(22,500)
22,500
-
£-		 Balance at
31-Aug
2025
£
19,804
7,400,334
159,235
7,559,569
£7,579,373
Balance at
31-Aug
2024
£
1,759
7,353,723
180,000
7,533,723
£7,535,482

Unrestricted Funds

The Unrestricted General Fund represents the unrestricted funds which the Governors are free to use in accordance with the charitable objects. The Designated Bursary Fund represents funds to be used for the remission of fees for families with short to medium term financial difficulties.

Restricted Bursary Fund

The Restricted Bursary Fund is used, together with the Designated Bursary Fund, for the remission of fees for families with short to medium term financial difficulties and also to allow access to a Davenies education in years 7&8.

27

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

17 ANALYSIS OF NET ASSETS BETWEEN FUNDS

(2025)

Tangible assets
Current assets
Current liabilities
Long term liabilities
ANALYSIS OF NET ASSETS BETWEEN FUNDS
(2024)
Tangible assets
Current assets
Current liabilities
Long term liabilities		 Unrestricted
£
9,261,910
3,643,169
(2,802,131)
(2,543,379)
£7,559,569
Unrestricted
£
9,719,380
2,913,075
(2,110,821)
(2,987,911)
£7,533,723		 Restricted
£
-
19,804
-
-
£19,804
Restricted
£
-
1,759
-
-
£1,759		 Total
2025
£
9,261,910
3,662,973
(2,802,131)
(2,543,379)
£7,579,373
Total
2024
£
9,719,380
2,914,834
(2,110,821)
(2,987,911)
£7,535,482

18 OTHER FINANCIAL COMMITMENTS

At 31 August 2025 the School had future minimum lease payments under non-
cancellable operating leases as follows:
Expiring within one year
Expiring between two and five years inclusive		 Plant and machinery
2025
2024
£
£
30,797
120,720
67,871
138,030
£98,668
£258,750		 Plant and machinery
2025
2024
£
£
30,797
120,720
67,871
138,030
£98,668
£258,750
£258,750

19. RELATED PARTY TRANSACTIONS

Governor liability insurance exists as part of the liability cover held by the School for persons associated with the School but the cost cannot be separately identified.

The Friends of Davenies, a registered charity (1167552) raises money throughout the year to support the school via donations for equipment to the school.

There were no other related party transactions.

28

BEACONSFIELD EDUCATIONAL TRUST LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

20. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES - 2024

Unrestricted Restricted 2023
Funds Funds Total
Notes £ £ £
INCOME FROM:
Charitable activities:
School fees 2 6,216,222 6,216,222
Other income 3 239,077 - 239,077
Other trading activities:
Non-ancillary trading activities 4 104,230 - 104,230
Voluntary sources:
Donations 22,875 - 22,875
---------------------- ---------------- ----------------------
TOTAL INCOME 6,582,404 - 6,582,404
--------------------- ---------------- ---------------------
EXPENDITURE ON:
Raising funds:
Financing costs 224,769 - 224,769
Charitable activities:
Education 6,043,661 58,995 6,102,656
-------------------- ---------------- ----------------------
TOTAL EXPENDITURE 5 6,268,430 58,995 6,327,425
-------------------- ---------------- ---------------------
NET MOVEMENT IN FUNDS 313,974 (58,995) 254,979
Fund balances brought forward 7,219,749 60,754 7,280,503
----------------------- ------------------ -----------------------
Fund balances carried forward £7,533,723 £1,759 £7,535,482
=========== ======== ===========

29