Company Registration No. 01521751 Charity Registration No. 510809 LEICESTER GRAMMAR SCHOOL TRUST TRUSTEES, REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025 GRAtIJMAR.SCH RUST CONTENTS Le981 and AdiNinistrali¥e Inform8lion Report of Ihè 8oard of TfU5tees lincorporoiing the 511?tegic Report) Inllependeni AL¥Jiiors' Report b the Board of Trts51ee5 Stalemeni of Fin8nc181 A¢livi1*S 18 8glan¢e sh@el 19 Cash Flow 51aiemenl No¢es 10 th8 Actounls 21 35 LÉIcÈsYER.'GAAMMAA."SC OOL. RUST. 81 attd.adm7nl' rall¥• Infor Btlon" Charil Tru5t•&G The Tru5teEs Df LeicEgier Gr2mmÈT School Trust are a150 company éirEGlor$. and carry lh8 fèsponsibilib8S occord8d io them by IhE Charity Cummisslon and under Company LOYI. They have all seN8d In olfite throughout 8 year except ¥Yh6re indicaled.. Mrs E M B8iley Ire$ignBd 3 Sepiembgr 2024 Mr M R Bu15ara Mrs J Burns (Wce Chair. A¢808ffllcl Mr M C Edwards lappoinied 1 September 20251 Mr N FBldThann Mr S Gaszlowicz ICh8iimanl Mr O C Gigen Dr S E Hadley Mi M J HollEy Iwice chtir. Financ4811 Dr D l Khoctsal Mrs K Law lie51yned 18 0ecetTibÈr 20241 Mr A P M 051atynsK¢ (resigned 4 Juty 202S1 Dr R Sai9al ProfessoT J M $8kef The Ven R V Wtysfold I￿Signed 4 July 2D251 CornmltttQ5 antt 8ub•commiltees of tlle Board olTfU te The fomtswiry Tru51Ees seTved on commimees ond sutscommiiiees ol ￿e Board during IhE year. lon Corn Mf$ J Burns IcommllleE Chairman) Mi S Gas2lowicz Mr A P M osiatynski Or R S P Sai981 Fina a'&nd Ge r8lP Mr M J Holley Icommillee Chairman) Mr M R 8ulsara Mr N Feldmann Mr S Ga￿1￿1 MrDCGree uts Mr S G83towiet Isub-cofftmiiiee Ch81rmanl Mr M R Bu15ara Ih 8ndSole Comrriiiie Proles50r J M Saker Icommiiiee Choiimanl Dr S E Hadley Or D l KnoosBI Mr S G3%zitiwicz IcamrnittEe Ch8ifm8nl Mrs J Burns Mr M J Holley ein mmi Dr S E H8dley Icommilleo Chairmen) i A P M Osialynski The Ven R V Wwslokj PagB ) LE ESTER GRA MAR SCHoOL.TRUST .info ètlo 18W Comrniliee. Mr S G¥sziowju Icornrnittee Chalrmanl Mr5 J Burns klr M J Holley The 808rd is a self.appomliw body. One I￿rd ol IhB Board is requireo 10 retire by fDlation. each y8*1. B￿rd fflernbBT5 8te eligitAe 10 sland lor re-elecTion ai the end ol a ieim of orfKe. Headmasier of Lelce51ei Grammar School and Prin¢4pal of LeicÈsleF Grammai ￿h0o1 Tru51 Mi J W W81son Irelirett 31 Augusl 20251.. Dr G T PuN8s lappoini8d 1 Seplember 20251 Headmlsiress of Lelce$ier Giammar Junlor Scttool. Mr5 S V A5hworth Jones Hbadmlsiress DI LGS Sloneyga*.' Mrs C J Mccullouoh Dlreclor of Finance tnd OperBtions and Company Secfalary. Mi S J Jeltries A¢Jdiesse Leicester Gièmmar School and Leiceslef Grammar JUn￿r Scknol Lon[$￿ R08d Greai GIEn LE8 9FL Ischool 8nd (egislered ofricel LGS St¢neygaie 6 1.nndtsn Road GFeai Glen Leiceslei LE8 90T Web$iles' ,lelces￿[ V4ww I s-5 r8mm ole.ur .uk ditors Moore KiTrgslDn Smi 9 Appold Street London EC2A 2AP Page 2 LEICESTER GRAMMAR SCHOOL TRUST BOA'RO OF T.. tin he..S FOR THE YEAR ENDED J1 UL Y 2025 POR JeR• The frusleés PfÈsenl the￿ rewrt and finan￿al stAlemenls lor the ye81 endeLI 31 July 2D25 Bnd they cOr￿Y wilh the 1È4uireinenL% ol lh8 Charilies Act 2011. Includirwa IhÈ Direclixs. ano Slraie9ic Report und¢1 the Corrpanies A 2006 Re￿￿eTh¢* ndAd stra orni* The Chaiity wa5 fo￿nded in 1980 and 15 Wi51eied with the Charfty Comn1$5iDn under charily nwnbel 510809 LeKesterGr8rnm8r S¢h¢x)l Tntst Is 8150 8 ￿MpanY Iin7Hed by gu8roftse. registered undpi company nurnber 01521751. The fru812es. Èxecutive and principal address ol the Chaiity are as lisled on pa9e 1 and 2. ParfiGutars ol Ihe cTharity's prof8sslonai aavi50r$ are glven ofi page 2. Structura GèvRT.n Govèrnlng Document The ChHFty 15 pvefned by ils Merwrandum and Articfes ¥al￿n5 tr￿￿ 13 odober 1980 8nd lasl gmendad on 3 DeG8rnber 2014. Gov•rnin4 6odits The Charily opeiaies Ihrgo Schools, Lelcester Grarnrnar Schatrl. LeicEsier Grammar Jvnior School 3nd LGS Sioneyg81e. There Is 8 51ngle Govefnlny body. bpin9 IhÈ Chartiy Trusiees, Ihe details OlwTh￿h arp eKpl8ined on page l. Recruitment and Tralning ol Trustees The Chaniy'5 ele¢led Tru51ees ale èppoinie¢ al a meeling of the Bo8fd ol Leicesier Gièmm8f School Tiusi. on Ihe bas ol recommpn¢alion$ rnade by Ihg Nornipalions an¢J Govemance Cornmiiiee, a commillee ol the 808rd The cornmillee ¢onsiders elNJibilily. s￿115 and commilfflenl when 8d¥i*ng the 808rd and endeavours lo ensure IA81 Ihe Board Eonla 8n appropriate balance of skiiis NEW Tiu$lee5 re¢Eive a pack ol wnlten Inl¢*rm8lion as well HS V15111ry Èli Ihfee schaols and meeting ¥Vilh key officer5 and the Chairman ol the 8oard. A ski115 auoll Is performèd lo ideTTrlIty indiwdua1 Irainino Tretd5 01 Trusiees and also any rfjas where additional exgertisÈ may need It be 8déed 10 Ihe 803rd Tru51ee5 are 0150 èncourageo lo a55e55 Iheif own training needs and indiviovai Tru5188s 8118nd courses as r8quired Or9ani5ational MBnagement The TrusiEes aFe legally responsii4e lor th& ov8rall m8nag8meni and Control ollh8 three Schools The Bo8id of TN518es meets at le8$1 lour limes taGh year The EducalKn Commillee meeis once per iérm. This c0mrnii￿e ovtrsee5 Ihe Eurriculum. teachin9 learning 8nd pducalional PDli¢y across thTeE Schools. The Finance and Genero1 Purpose5 Commillee rneeis Foul limes a year. ThL4 cofflnNttee oveTsees Ihe irnplernenlal￿n ol certain Board POlicie5. and also undert8Kes del8iled review5 belore mHking recpmmend81ions to Ihe Boèryj. The Cofntnittee is chairEd by a Tiusiee who 1$ not Chairman ol lh8 lull Board. The 8uts8rie$. S¢￿131shipS and Public Benefil Sub-comniittee me?1& 10 review applkalion$ and PDlicy In OgLail at least on¢e each year. The Saleguardin9 and Well-b*￿9 Cornmillee mEpIs once pol ttrrrn rh¢ commiiiee reviews and rf*)Thtor5 pdities procedures relai8rJ tu safeguafding and the well-being ol pu&1$ ai all three School5. Tbe Health S8fely Cornrnill8e megty once per tsirn an(J ievipws fvE811FI #nd salery poli•es and pioeeouros al a¥ Ihwe Schools. P89e 3 LEICESTER G MMAR SCHOOL TRUST E BOARD OF TAU5TEES •ratlTr lh• Slrat• FOR THE YEAR ENDED 31 JUL Y 2025 ThÉ Ntsmin21ions and Govefnance Cornmillee meeis a5 and when rewlted, bul usu311y once a year. 11 cunsidors In£ compositson of the Board Bnd spplicaliuns from prospective Tw81ees. The Salaries R8viow CommiiiÈe m881$ periodicalty ID consider salaries pay8ble 10 IhE Sfjnior Leadership Tearn. The dBy io ¢ay iLFnniryJ of Ihe St￿D0￿ is dglesai6d 10 Ihe resp&ctive Heads supported by IheiT 5Eni Le8dership Teèms 10gelheT with the Oireclor uf Finance and Opeiaiions. The He8(J Teachers and Ihg Dlretior of Finsnce $nO OperaiiDns ottend meÈtings ol the Boara and Its ¢ommrf18es sub-cominillB£$ Key Management Personnel ars consitt8r8d 10 be the Principal arml Headmas￿r ol L8icesier Grarnmar Schi>DI. Ihe DireciDr ol FioanGe and Operalions, the H•8ds of Leicesier Grdrywnar Junior SchoDI and LGS Sloneygale. and Ihe Deputy Heads ol Leit*$￿r Gramrnar scho￿ The rernJnera1￿n ol senioi siaff group Is dg181mingO by the Sè18rie5 Revlew Cemmitièe ol thÈ 8oHrd ol Tr￿slee5 with reference lo appra￿81 record5 and ben¢hrn¥rking Ob ects Alms Ob'ocllve5 and Acllyltl s ch8riiabl• Objgcts The Trusi's ObjEcts. as sel ¢xrt In rfs Memoranoum 8nd Articles. ar? the 8OvanG£meN of educèlh)n lh(ou￿ a school or 5choo1s. DJn aceordlng lo Chrisii8n PTinGipIts Aims and Intended Impacl Wilhin Ihese Objects tha Tru51'S aim Is lo provide an excellent educaiion for pupils of hi9n ac8derNc ability. regardlE5S ol their financial mears. rhe Trust ain75 ID provide for the pupils, general Insiruclion of high slgndard and ou8111y. IncludiD9 physical. fflDial and religi)us educabon èno 10 provioe an environThenl wher2 each Pu9￿ Gan develop his oi Obieciives lor the YEar In Selling DbjeclivÈs and plan￿ng aclivilies the TIu512es havÈ g￿en caieful considerat￿￿ lo the Ch8rily Commission's 9en8C81 uuidanc8 public berteftt and. In partJcvlai, 1¢ 115 supplementary public bEnEfrt guidance on ?ttvancing educ8lion 8nd ort lee-char9ln9. The mainlen8n¢e of 8¢80emic pr¢giess. underpinneo by Individual pa51or41 c8re ènd a sirong 5ens2 of coffjmunily. has bepn a kpy locu5. Acadefflic e¥cdlen¢e 15 comple(nenled by emphasis Dn sport. mu$ic, dfamè and co-¢umculai 811ivIIEes. ensudng 8 rounded edvc*iion loi pupils of 811 ages. Thè Trusi remains CDmmill£d 10 Ènrdlpny 3ble children Irom all b8ckgfound5 iegBrdless al abilily lo pay the fet$ and è1rn5 10 play 3 Ivll part In the lile ol Ihe Ioc81. regional ènd inde&rf n8110Tr8I communty A kÈy objÈciivè for IhÈ Tru51 foi 2024-25 w¥s lo maintain puprf numbers de5Prt8 un¢Jer8iandable parental ¢oncerns ovei tne ongoing affot¢abilily of school lee5 given Ihe Imp0511M)n ol VAT by Ihe government ¥viih eTfgcI Iiom l J8nutry 2025 Furthtrrmore. all independent s¢hDo15 have noeeed 10 manag8 Ibeir finances carefully loiiowing thè rerncval ol ￿lief trom 8usiness Rat25 and an incre8se in Empioyprs. N3110￿¥1 lfjsurancè Coniribullons from Apfil 2025 Sliate9ies lo Achieve the Year's ObieElIVP5 Th? Truslees worked $8nior leèders 10 tsn5urg Ihal pupi15 conlinuÈo lo achiÈvg very V4&11 Feaabve to Ih8lr abili1188. supporfed by enh3ncempnt ol Ihe academic programm8 and 8 ¢18af focu5 on well-bein9 Th15 8pproaGh wa5 rpnpcitd in 8 svressful InSP8Clion fof LGS sioneygaie In Novernber 2024, lollowing on similar 31 Lei¢esier Grammar School the Junior Sehool In January 2024. An empTh8sis on shared valueg tn$ures thai we nurture well-rounaÈ¢ 8nd generous hum8n beings In all our Schools. ProYisN)n DI me3n8-iesied bu¢sarve$ fernslns 8 priorlly lor Trusi. In order to ensvre th81 thè schtso1 ts 8¢C8s8ib lo pupils Ilorn ¥ Wide range DI backgrounds The TTusi conlinue& tu seek fuThdin9 ltsf additiDn•l bur$an?s ha5 sub51Oiary compony. LGS EniefpF15es Limiled. which was eslablished lo generate ai5dilional IncoTne The Tru3lee5 conlinue lo raise Ihe piofvle cf th? sctt¢ols an(J lo exlenc ovli8ach and partnership aEbvilie$ in ordet 10 ttracl aprAlcalions fiom able cand*ates, re9ardless ol flnancial means Page 4 LEIC STER GRAMMAR SCHOOL TRUST REPOR"T OF THE BOAR OFT USTEES FOR THE ENDED.31 JULY202 incoi or3tln thq.Sliatè ic Th8 Tnjsl coniinues lo10stef In)ks syilh the loc81 communlty. I￿1 only by makin9 laciblitrs availabiÈ lo10¢81 schools. grtsups org8Disalion5 bui 8150 Ihrough an in¢ie85e in oulreach and partneiship 8clivity. Pnncipal Acli¥ltiEs uf the YoAr The Tiusl pnn¢ipa11y txovide5 educ81ion lo boy5 and gir49 from Ihe 8ge 013 lo l& The TIu51 coniinuES lo opprjle Ihrpe 5chool5. All Ibree ol thè Schools are ba5Ed in Great Glen. LÈice51ersfvire. LEicesier Gr8mm8r Sshotsl for pup11s 8geO 1&18. LEiceslei Gfarnmèr Junior School foi pupils 89ed 3-11 ènd LGS Sloneygale for pupi15 aged 4_16 Dvnng Ihp year Leice$iei Giammar School avergged 88312023-24. 8811 pupils aNd L2ice51ef Gf8mm8r Junior Schc aver89&d 40312023-24.. 4111 pupils. 80th schools opeièie bioadly 81 ¢8pacily. LGS Sioney9?le. 8150 5ilvaied in GTeal Glen. Leice51eTShire OD a sep3r8ie 45 acre site. Durins lae yBar Stoneyg81e 8WEr8ged 22312023-24 2211 pupils. LGS SlonÈyg8le oM8rs hi9h-qu8lity education Wlh a disiincii¥e ethos. supported by aiwnin12 govemonce and mbnegemenl providèd by Iht Trv5t The consolidèiion ol pupil nvfflbers al sioneyg8le has resulled Irom cl4rillcglion and redefiiulion 01 Ine senior schoni Curric￿￿M and more Inlensive Bdmi5Sions aclivily and marketin9. 11 is the aim of TrusiEe5 10 increase (he pupil r rurther 8no the adoilion of a new sports hall, whlch will be open Irom January 2026. ts a key developmDDI lor Ih¢ 5cho( Th8 Trust has conllnuad lo mana9e 115 finances r3relulty over the last ye2r and a surrAu5 commBnsurate the need lo maintain Invesifflenl in our pupils educalioll was achieved The Tru51 Is wnfideni th81 Ihè Scnools will contsnue lo allracl èble pupils. Th15 Is è result of OllgDifj9 eftorts to m81nlsin the acadernic. paslorgl ¥nd eo-turricular sièndèrds for which the xhoo15 have be¢orn8 known, further In¥e5tfflEnl in laclliiies ano &nhanceo effort5 to fflgiket Ihe schools Ouv Elho$ Thp Tfust 15 a charlly wllich seeks itt benelil itte public Ihrough Ihe pursuil ol kts s￿1￿0 airns. Fee$ are set al 8 level lo ensure ihe financial viabilily of the schools and al a level 1$ consisienl wlh Ihe 81m ol prov￿￿9 a firsl-cla55 ea￿allon 10 boys and 9lfls. The schools welcome 8tr8dfrfflicElly ablE pupils froffl all b4ckgrounds. To admil 8 pfospÈciive pupil ihe schoo15 need lo bp sali51ied Ihal IhBy will be 8ble ie educaie 8nd dev£lop Ihal prospe¢liVe pupII 10 Ihe besl ol IheiT polenlial and in line with Ihe 9enetsi $13ndards ￿ChI8¥ed by Iheii peers Pupi15 w15hing lo loin the Giamrn3r SchoDI ale r£gvired lo sil an &ntrance e%am and pupils wishlng ID ￿10 Leicesler Grammar Junioi School 01 LGS sioney9èie undergo èn a5se5smeni 80th lorms ol assessrnenl ère dpsigned 10 Saiisfy the schuol and the par•)ts that Ihe polential pupil can cope wlh ltte pace ol learning and benelil Irom the educaiion prowded. An IndiYidu?I's ec0n0ffl￿ slolus. gÈnLler, elhnlciiy, race. rÈiigion OT dis4Oilily do nol lorm pan of ihe assessmqnl prtsce55. The 5chDo15 alp commlll?d 10 safeguaidiryj and promoiing the well8r8 ul pupils and expect all sl8ft and ¥olunleeis lo shale Ihis commilfflenl. The schools ¢arry out appropriate back910￿Tr￿ checks ol adulL£ %vho coniB Into ¢oniad witm pvpils. The schools rn3jnlain iegular conlacl wilb parenls Ihrouyh Ihe ypar I￿lUdIng holdin9 paFents' e¥enillos. Issuing eryj ol leim I2￿rts. ano sending home iegu5ar tTrEWSleller$ Pa9e S LEICESTER GRAMMAR SCHOOL TRUST EBO OOFTRU ES Inco th• FOR THE YEAR ENDED 31 JUL Y 2¢ S REPO trale The Tru$1 18 an equal opportunity or9onisalion and 15 Eornrnthed lo a workrn9 environment which is rtte From any form ol discrlminalion on Ihp grounds of colo￿, race, èlhnicily. religion, Sex. sèxual orienlalion or di59bilily Di68bl•d omplgyees ThÈ Tru51 facili18ies Ihe employmeni oldisèbled persons Ènd Pfovide5. ¥A)efever possible. training, career development tnd Pftsmoiion Whefe employees become disèbled whil$1 In service, every eTfort Is rnade 10 rÈhèbilitaip Ihem lo their lormer jobs or some Qlher su118ble olternative and pmvlde 8PPfepd8te tr8hing anLI speGiali$i èdTrAce. Acc•$$ Policy 11 Is imwÈni Ih818ccess 10 the education provKl&d by Ihe Tru&l ènd to [1$ lacililies is not r&slrKiÉa lo Ihose whD tan afford Ihe f6Ès The Tiusl belipves thai all pupils benefil Irom learning within a diveTse cornrnunity- The TIusi'5 bursaries P¢4IBy. logelh8r with link5 with loGal slal8 schools and Olhgr oiganis8110fjs which have aG¢es5 to Ihe Trust's faciliiies, conlribule 10 a wldening Df acce5S Gfant-rnakihg Pollcy The Tiuslee5 view Ihe butsary awaid$ a$ e55enllal in helplng ￿ ensure thai children fvom families which would not OlhErwise tyo aole 10 afforo the fges ¢&n 3cctrs$ Ine education oneffer. The opponunily ￿ apply for b￿[sarleS Is available lo èll prospective pupi15 ¥vho poss ihe &nlran¢e exam to join IhB Grarnmar School In years 7 and abové. alld are made sel¢ly on the b35rs ol pafental rneaD5. Limited hardship support is also ayalable lo ex￿5￿￿9 pupils whose finanGi31 circumstsnces change ano whDse ability ID Fernain ai the school i& undei Ihrèai. o%Ying lo an acute short-lerm ne80. The bJrsaiies sctteme also exiends lo pupils joinin9 LGS sionèyg8ie in years 7 and abov? In èssÈssin9 8 bursary applpc8tion. ihe Twsi lakes a n￿￿er Of faci(xs into Considerat￿￿, incluolng lamlly Income. asseis held. Inveslm8fj1s ènd 5avin9s. and the number of d2pendent5. HowevEF, the Tns$1 doe5 noi hève a large enrfnwrneni or extensive reserve$ 10 dr8w on. In fundin9 èursaTr awards Ihe Trust is mindful of Ihe need 10 ensure DaièncÈ between ltsè-payin9 paien15. many ol whom make consioerable personal s*crifiG88 io lund their child's educalit￿. and Ihosg bengfiling fioTn Ihe awaid5. 8tsrsary awards vary Ilom IO% 10 11)0% ollees 8fe re-assessed on 8n annLJal basps 10 lake éccouDI o13ny changes In Ine larnlly 5 financial silualiDn Infoiryialron about fee a$5islance is available in IhB prospectus 3nd on the school websile. as well as beino hi9111ghl8d in advertlsing ¢amp¥i9n5. The form ¢ompl8ted by applicanls indude5 a box 10 lick 10 Indica￿ simply Ihal Ihe 8pplicaiTrl wvshes to be considered lor a rnean$ ieslert bursary. ThE TTusleES have a15u sel up a sub-commillee of the Finance and General PurpD58$ Cemmiuee. Ihe 8uis3r￿5, scholarships ontj Public Benelil Sub-comrnillee This sub-comrnillEe oyiews. fllDnilors and advi5e& on the Trust's Public Benofil role particularly developing the provision ol rneans l&sied bursanps takin9 Ifi￿ acc(MJni Chanlie5 Act rEquirernonlS and Chaiily CoThmis$ion 9uiOelines Volunteers Olo Leicesifians. Fiienus ol Leicesi81 Grammar School. Fritnds ol Lei¢e8ier Grammar Junior School afia Ihe Friend5 of LGS SIDney9ale provided s￿ppon. 8dvice gnd ennchmeni opportunities durin9 Ihe year as well as helping Wilh fvnoitsising ènd arganising social cullural events Thp Board 16 gr2tÈlu5 to them lor their ¢oniinuing and valv4iq suppori lor Ine scho￿5 Pagp 6 LÉICESTER GRAMMAR SCHOOL TRU "È"OARO OF TRUST ES. ineo or811n FOR THE Y AR ETrIDEO' 31 JULY 2U2S PO Stra1• ort STRATEGIC REPORT Revlew f.AGhi•v2m r*is.a dPa orrnance lor the Year Opgratlonal Pèrformance of the Schools Tht Grammar School further enh8nced Ils high n8bDnal 8cBdemic sianoing in the 2025 puts1￿ tX8mhalions Al GCSE levEI. 74% 01 tasvlls weie giaded beiween 7 anL$ 9. At'A' lewel. an excellenl 86% af grades 4¥tre 31 A. B. and 60% ai A'IA grade, three Sludenis tnel their offer5 for Cambridge OT Oyford 12 were successful in gainin9 ￿a¢e$ loi medic1ne or denli51ry and 7 will be Studying law LGS Stoneygaie rBcorded a strong Sel ol GCSE re3u115 In 2025, den￿nStr￿lIry a value 8doÈd ol +1.1. meanin9 puJIs Scored on aveiage one grade hi9hor ac10$5 all 4tsalilicaii0ns Ihan would be expetyed naliOll311y AJI pur*l$ irt French 2CDie¥ed a grade i OT above and 815 pupils In Mu51C 8chieved a grade 8 and above. During the yÈaF enoed 31 July 2025. the value of means le5teO bursarie5 awvaF(Sed 19 pupils ioiaNed E832.IYJO12023-24 £858,000) Tnis figure included bursèries Woryh E30,0001202J.24 £47.0001 lunded by exltFnal benÈ13GiOt8 The vtlue ol meens iesied buisaipes Tepresenltd 3.5% 01 Ihe 9r055 fee In¢orne of Iht Trusi12023-24'. 3.7%) During Ibe year fj1 pupils rEEeived 3 100%bursary12023-24.- Y wjpilsl. AfurthBr 28 pupil$recewedbu158rie$ olbgfv480n 80% and 99% ol fees12V23-24 34 pupdsl Further awards loiallifig £91.00012023-24. E108.0001 were maoe 10 pupi15 al Leiceslel Gramrnar School Tru51 in Ihp form ol schdarships. The Tlusiges. Policy is lo make Ihese awards on the ba515 01 tnOivi4vg1 abilily 8Dd polenliol The Tiv$iee5 have a Slated alm of gra¢ually reducing Ihe iotal proportionate value of scholarships In lavour ol gradually creasin9 Ihe nurnbeN and valu8 01 means 18sieJ biirSar￿$. A complement ol $i¥fF outlrftett lo leach thfr￿ respeGINe subifrcis was ￿ place Ihrovghovi Ihp year 81 ¥ll three ol Ihe TIu51's schools. Th8 5upporf siaff positions were simiiarty ali Illled. Public benefit- Conlritiulion lo the £ornmunlty In 2024-25 Ihe Tiu$i continued lo coniribule lo the IDcal wider community the provMIEd ihe lullowing Chariiable projects. examples include Donalions ol ovei 10 bDxe5 01 food 10 local luod bank5. ThTee non-unilorm day5 lor vaTlOU$ charilies including Leiceslel Children's Holidays. Fèising over E3.000. Charity Slall% during Sports Day raisBd QVBr £SOO. Chrisimas Jumper Day for Sawe the Children. Secono hand bniloim shop sales lor various chaill85 Easier egg C￿lect￿nS for b¢èl food banks Wortd 8Dok D3y cakfr and book 58lEs lor Book ￿¢Y W8 also donaigd an enli12 class sel125 ￿0ks} of e chosen Year 6 reader io Churchlll Junior SchoJ in LeiGestetshl Chnsimas collection lor YMCA and Toys on Ihe Table. The House system al$0 rAi$frd money for LOROS IhrDugh small chall8n98s ￿lov9￿0UI the yo¥[ aiid Menphys. t8Ning £1.?OD. Making and sellino laser GUI poppies fur IhÈ RDy818rilish Legion The texliles ¢o-¢uificulèi club made Oiesses which y4ere seThl lo children In Africa. Art Departmelll'Elephaht' Initiative raised ov8r £1,QGD for LOROS Éduc8liDnal partnerships. pxamples Include Inilialives with local maintained schools (Manoi High School. GartrBe Htgh School. LulleNorth ￿10b School. The Beauchamp College and Robort Sfflylh Academy). inclLFdin9 InvilaiioDs lo carBer$ events. 61, FDIM medic a¢l￿e Interview5 and Psychology visiling $pe8kEfS. Page 7 LEICESTER GRAMM BOARD OF TrUSTEES FOR THE YEAR ENDED SCHOOL TRUST Dfdli LY20 Commvnily servlce. exampÈs inthde". In Me Summer12rm. a 6-weekty programme ol oulieach and cafflrnunily 5ervicE for Sivlh Form pup15. indudin9 fUnt)ing lunth lime club$ al live local prim8ry schools 8T￿ aiienoing IhTee fesideniiÉl Ca￿ homes Music wOrkS￿pS and c￿CenS deliveltd by lh& SiTrlonieNa io Overdole Prirnary. Si Cuthbert's. énd H82el Community school, io inspire youngef pupi15. Hosied a Summer Tea Party lor So residÈnlS of lo￿1 core homes. with musiG $nd other enl8rtoinrnenl rxovided by schod pupils. 39 students frgrn th2 Sixth Forni Com￿et80 Community Sprvice placernen15 r8nging Irom listening 10 pnmary èged children lead. to volunleeFing ai Ihe AmbulÈnce charNy shop in MarkEI Haiborg¥9h F8ci111￿s. Musit Sport for the Comfflunity. examplÈ$ In¢luOe:. Hosling ihE DT RDlaiy Clrollenge. aiiended by twelvE loo91 Slale schDo15. each bfinglrwj lour teams South Leicesle15hire Sports Pgrtnership, lo enable local giale schools Io v5e schoo1 focililies. 051in4 pilmory school hockey compeiittons and Ihree county-lev81 nelball compelilloas. Weekly singing grovp wilh Ioc91 prim8ry 5cttool Inleracuve rnu51c concen for GCSE pupils. Iiiended by aruvnd 1.000 pupils ol lo￿1 slaie $chool$ Cotnmunily o15chool laGililles Foi sports. M￿SiC (frama and genewl use Our 5¥wmming lacililies coniinue 10 bè used fc* lessons by the wirler local commuftily an¢ we ha51 compelllive switnmifjy clubs. We contsnue lo partner with the 8ardi Orcheslra. The orchestro benefits Irom rehear51ng al the school. Each year the orchèstrè givES a concÈn al the Gratnmar sthoDI hail nan¢i¥l Rèview •nd Rasults lar thè Ye¥r The Trus1 re¢Drd8d a $utplu$ ol C378.000 12023-24 E1.210.0001 duiin9 iThe year The surplus 8¢hie¥ed is considere Sè11s18tiory lor the frusl 10 eneole invesimeni and elficiency for repaylng debl 8iihough signilic8nUy rgduced owing 10 noi p8S3in9 oll Ihe lull Èxlenl ol VAT on school fees. inErea5ed Ousine55 rale5 hlyhpr Bmployei nalion81 insurance ¢oniribulions T￿al Iwome incrtasÈd by f73.301 from E23.493.260 10 E23,SS6.561 Inv¢slm•nl Pollcy The fiDaDGial obiBclive ol the Yfus*es Is lo rn8iDiain Ihe real value ol Ihe Trvsi-s 8S5els whilsi gen8r01in9 8 s18Dle and SU518inable return lo help lun¢ the Chaiily's aclivilie5 over the long 1?irn The Tru51ee5 review Ihe investment policy on a regulai b3$1s. At the ye8r pnij Ihe TFus1-s Invesimenis includeu E4fj0.734 12023.24. £440.2481 ol invp.51meni ass2is helo within an Invesirneni porflolio rnanaged by Bfewin Dolphsn The Financp aTrd Geneial Purposes Comrnplle* Is charged Wilh agreeing a sui18ble assei allocatiQll Strategy Wlih IhÉ inv£simenl rnanagers which Is S81 wilh thè aim ol achieving th Ttysl'5 overaH Invèslmeni ubieGliv2s. This slralegy would rtleGI Ihe Brewin Oolphin risk calogory 5-6.. lo¥v lo maderaie investrnenl risk The Trusleas adopt an e￿4¢al Inv8slm?nl policy 50 Ihal Ihe Trusl's assels are Invgsted in line wilb 11$ alms Th6 Trust also ov4n5 aD invesimenl property valued ai t2B0.0￿ whith ts let oul on kne open markei. This residential pfoperiy wès a¢q￿red in May 2016 è$ part ol the SIDneygal8 School silJ Further short-iem) inveslmanls are held In Ihe lorm ol bank daposil 8ccounts Oufing the yeaf Iho Trusl recorded a gain on inveslm•nls of £Z7,587 12023-24- £45.SOQI. plus bènk and oltter inleie51 receivable 01 £212.2Be 12023-24.. É134.2391. Risk Mana9¢meni The Trusiaps responsible lor ihe mana9emelll ol the risks 18ced by IhE SGhools Risks are Idenlrfied anL% asse55e an¢ conlio15 esiablished Ihrou9houl the year. A lorrnal nsk ie9isler Is in place and Is reviewed and upd81e¢ on 8 regular basis by Ihe Senior Leadei$hip Team and ieviev4ed by Ihe goard ol Tiuslee5 Page 8 LEICESTER GRAMMAR SCHOOL I RD co FOR THE YEAR ENDED.31 JULY 2025" UST The P¢ingpal rlgks and un¢erf•inlie5 IdeniifiEd in Ine Tiusl'5 iisk re9islei indude.. Recrviling suflicient able pupils iThio Ihe schoo15 eéch year in ordei ￿ maintsin ￿e pupil roll Iheref¢re lee income In line with Iofecè$l. Exiprn81 Iin8nci81 risks, whlch are keol unoer rpview by Ihe Trusle&s, inelvding chan9es 10 ia¥ legk4lplion or lo IhB Irealrnenl ol charilies. Risks relBliDg lo luilton fees, induding ba1￿cing IhE need lo keep them et an afford8bi£ level. whilst meeting ri51ng cos15. Inclu￿Illg pen510n GonlribvliDns lor Ipachiny slam. and Inièi851 and r8paymgnis on Ihe bank loan. mepling Ihe fequiiemenl 10 Co￿pIY 4¥llh the 08nk cevenanls. and Conllnuing lo inv8si in the facilllles Ha8llh and 5pleiy risk5. ThB need lo cOn1￿￿￿e lo recruit itsp quality 51all rtrmains a high pr￿(1¢y. Key tonlro15 used by the chahly Include. Formal 8gEDdas ltsr all eommilleÈ. sub.ttofflmillee and 8oar¢ acbvily. Delailed ierrn5 uf reference lor Board commiiiee5 and 5ub-cofflmi118es. Cornpi2hensive $iraiegic planning. buO981ing and m8nagemenl a¢CDuntsn9 Established organisallonal slruclvre and fines ol ieporting Forrnal wriiian policies. Clear aulhori58iJory 8Dd Bpprov81 IEVBIS Vellin9 pforEduies as requifed by law foi the Pfoieciion (rf Ihe vulnerable. Exlern¥l financial Iisks, rel8tin9 to Ghan98S ID Ihe VAT Irèalmenl of iDdep&ndeni school fees 8ryJ Ihe re￿￿al oltelief foi busirie55 raies and increased ernployer Daiion81 Insuran￿ tontribu￿0$ CrySLalised over ltte year for the TrLrSI and Ihe indepeftdenlseclor a5a whole 11 will iernain p8fiicularly irnportanl lor Tw511o tnanage Ils financesprudenuyto rnaintai èn appFopriaie lewel of svWus. enabliry le￿bill1Y ￿ rni11gaie Ihe5tr risks wh1515111 en$urin9 Inveskneni ￿suppOrtIn￿ tulfil oui edtscalional atrn5 Through IhÈ li5k ffl¥nagEmeni protsesses esièbli5bed Ioi Ihe Trusl. Ihe TruslEe5 are saiisfsed ihal Ihp rnaioi ri8k$ denI￿ried have b2en. and are bEin9. 3deouaiely rnili98led where necessary. 11 is iecognised th81 5ysiems cèn only PFovide rpasonable bui noi 8bsoiuie 8ssurance thai maioi fisks havo been adpquaiely ￿anaged Chaiily Fundraising The scho& has nol made any fundraising aPPBalS lo Ihe ggneral public ¢urifig the year and is vnlikely 10 do so in Ihe future There has been no ou150ur¢e¢ lundraising vo prole55ioTh8l fundraisers or Olher Ihiid parties. As a result Ine charity 15 noi rE9i$iered wilh the fundratsillg ￿gUla10r and received no luThlrai5ing CoM￿alnI$ in Ihp year Reserves Poliry The TFvsiees aim lo hold funds which are svfficienl bul n¢Jl excessive In order to fund current OPtfèlion* requirefflentS nd lulure developmgni The Trustees are ol rhe need 10 main131n a lgvel ol feselves which en?bles Ib8 Drganisalion lo respon¢ lu urcum51an¢es and miligaiv fisk. including ensunng compliance with Ihe 18ims ol Ihe bank 108ns The TtUS1 has a reserves pdicy such th31 Tru51 airns to hold a minimvrn of É2m Ica5h b81?ncesl al *1 Dme5. The value of cash and InveslmÈnls held ai 31 July 2025 wa5 E4 2m12D24-. E7 2rn1. Al Ihe end ol the yeaF the Yru51 s lolal re5ervts weie £19.246.573 12024. CIB.868.6371. inclthying £18.175.68512024. £17.814 1741 ol unresiricled fund$, f 298.842 12024 £287.2131 ol fe5tllcleiJ funds and 1772.046 12D?4 t767.250101 enaowm8nl lunos Ttt& Trutsi's ioiai r8setyES include £28.817.51012024- £21.634.4901 syhich could 0￿Y be realised by disposing ol ian9ible fixed 8s$eis PJg2 9 LEICESTER GRAMMAR CHOOL TRUST T OF THE BOARD OF TRUSTEes IncD orall Ih• Str ORTHEY AR 1JV EPQ Thg Trusteès re￿aIn canfidenl Ihai the Trust is $blE lo tneei ils finAnci81 obl1gBI￿n8 85 they lall due. as well as convnuing lo invesl in the fabric Df Ihe bvrfdlngs the f8cililies 8n¢J equiprnenl required lo prtrvlde an excellent educ011￿ 51 ￿e Tfu51'8 schools The Trust holds siynrfic4nl cash re5erye5 ané coniinues lo generate In annual su[￿uS afler meeting ils finaAcial obliyaivJns ano $ ¢oreca511o conlinue lo Qo 50. The Truslee5 are confid6nl. basg the Trust's sixjnd lin8nu81 posilioth Ih$i thÈ Trvsi can coTrllnue as 8 9Dlng concern. Paympnt PTactic•s rhe av$r8ge nurnbel of days laken lo make payments 10 the Trust's 5uppli&r5 In Iht year was 29 12024-. 291. The percentages olpByrn&nls fflBde the ye81 which were paid.. wilhin 30 days wès 54%12024 52%). belw&en 31 8nd 60 day5 ￿8$ 43% I2D24" 43'1•1', and after 61 d8y5 oy longer was 3VD12024. 5VDI The P8IC8nla98 of p8ym8nts Oup WE￿In the reponing peflod wfvpGh were not paid wilhin sgreed lefms was 14%12024'. 12%). G8nd?I pay 9èp fEPOrting The Trust'5 gap lor mean hourly rales ol pay al 5 April 2025 was 10 4%12024. 10.7%) favour ol male employees The median hovrty Pèy 9aP èl 5 Apiil 2025 was 4.2¢h 12024 5 2Yol- The ￿Y gap Is Impacieo by Ihtr dlver5I1y or employed roles Wilhin Ihe Tru$t and Is kepi tsnder le￿eW on an annual basis. Commufii¢•tioTr Efleciive communicalion With emploype5 Is ol viial Impoii¥n¢e ènd bolh Tiuslees and $eDior management provid¢ inlormaiion 10, and con5LJII with. slafl on matters that affect Ihem. including Inancial mallers. Envirunmental rnallets Cnrbon Report. UK Gretnhouse gas emissions and energy-use d?1 2024125 2023124 Energy cDnsvff4)I￿D used i# calculate em155i9ns Ikvvhl U Gas D Eleclncily 3.505.4JJ 1216.452 2.413.642 1.09?,790 2.150.147 i.C66.3L Scope 1 emLSSA)n5 In m&lric lonn85 C02e Gè5 consumpli Owned IfanSPUrt- rnini-buses 460.86 50.18 484 93 3B.06 foial Scope 1 531.04 5D2.99 Scope 2 emissK)n$ in melric tonnes C02e Purchased 2lectrlc￿Y )93.2S 2Q6.20 SGW¥ 3 8m15sh)ns in rr*iric ￿nn8$ C02e 8u5inÈ55 Iravèl in employeB ownÈ¢ ¥ehicles was Insionific8ni in ihe yea¢. Tolal 9IQSS Efni5$iDns fft mElnc lonn8s C02e 724.29 709.19 Inlensily r8110 Tonnes C02e per pupil 048 Vve have folb)w8d IhE 2019 HM GovÈrnm2nl Environmental Reporting GuideliDes WE have used the GHG Repoiiing Protocol Ctsrpor81e Standard ano have used IhE 2025 UK Gov8inm?nl'6 ConvBr&on Faciers ltsi Ihe Company Rpporting Page 10 LEICESTER GRAMMAR SCHOOL TRLIST T OF THÈ BOARO.fJF TRUSTEES Inco oratln th FOR THE YEAR E OED 31 JUL Y 2025 FIEPO Strale ort The chosen Iniensily rnts85uromenl r&iio n% ID1819ross emi$sions in melric ionnes C02e per pupi5. the r8¢0mm•ndtd r3110 lor the Sec￿[. The Trusl Is committed io minimising th& imp8Ct tho1 Il¥ opeialions have on Ihe 8nYiionFDeni 8nd providing 8 Safe envivonm¢ni For ilts slaKand pupils. A pupil eco-group ffleeis lu.%ug9esi ini15Blives and thé s¢Thools aiÈ conscious ol enSUr￿g Ihe schools take 3 proacbve view on pnvironmen￿r maiie15 Subsidiary Company The Tru$1 has 4 wholly owned subsidiary Company. LGS Enlprpr15es Lfftiied. This cornpany unden8ke5 Cotrhmeroal clivilies In order lo genèrate lunos 10 gift 10 Leicesier Grammar Schod Trusi. Slr31egi¢ Plannlng The Trust e513tyisheLI a new Devèlopmenl Plan during the year which affiims Ihe main 3￿m5 of the Trust as being. The LeiGÈslei Gfamrnar School Tlusi 5Eeks lo be an in5P1fillg cenlre lor w-eoucaiional txceiien¢e In acaderni¢ and gBf50nal dpveloprngnl. wllhin a Chikslian elho5. The SCh(￿lS seleci pu￿15 for entry in accoidance wilh pubitshed adrnis510n procedufes. rhe Trvsl remain5 commiiied lo ryiaihlaining 115 position as a leading provider amonost coe(Sucalion81 tJ8V SChooI$ Future Planning ThE Tiusie25' visnn for the Trv$i is for each of our schools.. r(> have. Excellent 8cad2fflic oulGomes 8nif ctrcuiriculaf DPPOrtuniliu5. Infiovaiive ieachng and IEaFnillg ¥UPParted by a ¢Ji9iial $iralegy_ A lo¢war6-IOOKin9 and 51imulgling curriculum. An cn¥iionmeri181 focvs with outslanditvJ l3cilil￿s To bg. Fioancially secure ano aLleguarely flexible io inv¢$i In developin9 our pupils $181f. A commuDily vlilh clo81 elh0￿ ènd values. A comrnuniiy ¥vheie well-being Is piomolea. A comtTxJnity which priotilises public benafii and guiieach. Lei¢esiei Grarnrnar School.. The school aim5 10. Prornole inl*lleciual curiosily and ocademic excellence. Provioe 8 bioad b81anced ènd sbmulaling curriculum. OH8r a rich range ol co-curiicular opwrtunilies which enhance pupils, physical, Gullural ano pÈr50n81 (5eveiopmÈni. equip pupil5 wilh the 5ell.belief. consideiation and skills reQui￿ lor a pnncipleo and fulf￿￿￿9 lile Pa9e11 LE CESTER GRA BOARD OF TRUSTEES 00 Incor oraiin 025 EPOAT O Create 6 nappy mulually-SUPPOfbve cornmunity th lesrners ènd statl. In which e8¢h indiwidwl 15 encouraged and ertabled lo do and Oe Ihelr besL Care for the men￿1 and Emo￿onal Well￿81￿g of pupi&. and De pmaci￿V In ffte promolDn ol 8 thÈllhy ￿t&S1￿e Welcome pupi15 of divErse background5 and lailh5. nunuring Ihsir social and spirllu81 de¥ek)pmeni Fosiei 3 9enerous coniTrbutson to chaiity, Commurtty saMGe and sotioty eice lei GT8mmèr The 5chuol 8irn5 10. Promote inieife¢luW curicsity and 8 lifek)n9 love ol leamin9. Offei an exlensive range ol 8Aperi¢D¢es whicTh bioaden Ihe curliculurn and de¥eloo Ihe pupil Creaie a 51IfflLilalin9. happy ?nd sUPPOrtlve cotDmunity where each pupl Is albwed lo ftovri$h. Care tor the men￿1 and 6moibnai wÈii-)eing, a hÈallhy lifestyle gnd nurturin9 sell-8sieefft. En¥ble the rnoral and spiriluèl w211-being ol each pupil 10 9row and thrNe lo The school ains io.. In5piE Inle1￿CtUal ¢urios¢Y and tyeakvty. Provhle 3 birt8d tyBlancert and slimulaling ￿[rICulU￿ and CtrCUtti£vlar pro9ramme. Enablt pupls lo achEve Iheir acèdefflic 8nd PEfsofiai 90015 Nuriuie sell-esleem. well-being. and kir￿lIesS V¢ilhin aftd beyond It* school comfwniiy. Equip our puplls 85 confoenl and proud ￿0b81 citrzens who losiei inclusion. collabofation and charity aGID55 W1510n". The school cornmtrnilies wthin IM8 Trust VAII thnvt Ihrovgh Ihe frAlo%ving straie9iC Dbiectwes lor 2024-27". Inspiring leainino ITeachlrt9. learning allainmenii 8enefil Iroffl developnienis in lechnology and ped8gogy ￿lch Sup￿11 or enha￿e ieè¢hing and learnin9. Grow exp2n. iftquisillve and collaborative skm. whose leaching rBsutts In hwh levels ol engag8ffleDI and siimulaiino curiiculum Iculliculvrn and co-cviri¢uluml EAplor8 DPPOrtunili£s lo Pnhan￿ Ihe cvirlculurn. so lttal Il besl prepaies a￿ap￿ble an(J ambit￿Us learners. Ensure è bFoao and aiiraciive co.¢uriKular p￿garnrrÈ, svttich support5 oupjls" holis1￿ devebpmeni. Calt 8nd commuDily IPupi15' V4811-being. 5upporl 8nd guiLlance. slafl professional deweloplnenl ano w81¥ eingl Funh8r deveSop Slfaiegies io e4￿1￿ 3nd wpport all rnpmbers of OUT cornmunily Ensure the iecruilmenl end professional developmenlel hiohly vjlued. supporieo end cering SI8￿. Aopgal arto OutTeach I￿￿rketIng, 9drn15s10ns, ouire8ch, lunéTèi$in9 aDO comrnunic8lionsl Ensuie Éff&ciive rnarteling ol oui lamily ol schDoIs. bu￿dIng ￿rther loyaky la our tyand e4 an ethically ano *nvirtr)menL•lly r8sponsibl$ m8m)er ol our local. naiion31 and gobal commvfjilie5. ErtVironrnen1 proyision IR8sources and laciliiie51 En5bfe aoequaie fvndlng to r8lurbish and develop lacliiies 8ccw¢Jin9 10 educèuonal need 2nd aspiratson. MHinlsin suK￿le￿I financNql resource lo Invesl &ppropri8le5y in peop￿, equipment and oppDrtunilips Page )? LEICESTER GFiAMMAR SCHOOL TRVST . ARD OF TRLISTEES Ineor Ofatln For¢ THE AR DED 31 JULY 2025 tat ieR* Tr sie OTrYlbllltles S atèrnAnt The TtUSl2es (who Bre 8Iso dir8ciors ol Lekester GrammgT School for Ihe purpose5 of compally kw) are ￿SponsIble for prep8nng the Report of the Board of TrusleES ènd the IlnAncial stsienpnls In accordBnce wilh 8pplicable iawand Coryany law requires VTe Iruslees ID prep3re finarttsai siaiements for eacb ftnanci31 year Unoei Ihai law the tyvs*es hav8 el&ciEd 10 prepare the fin8ncig1 siaietnBn15 in atcoidance ¥vith Uniled Kingdom Generally Acceplpd Account￿9 PracliCE Ivniied Kingdom A￿o￿n11n9 Slandare5 and applir4ble lawl including FRS 102. Ihe Financial Reporting siandar(J applicable in ihe UK Republic of Ireland. UndeT Cornpany lawlhe trustees musi noi approve th2 fina￿84 $181Emtnls vDle55 they are 5ali¥fie¢ IhBI they give 8 Irue 8no lair view ollhe s18ie al offairs of the ch8ri13ble cornp•ny and ol Ihe Incoming re59UIQ5 énd application ol resoUr￿s. IncluOIDg the IncDme and exper￿ltUre. ol the chèniabie ¢QrnP8ny for th81 period In prtparing the$e fin8ntl81518iemenis, Ihe trusiee$ are iequired lo.. 5gleci suii8ble 8ccouniin9 policies an¢ then apply theffl £on51sienuy', tsb5P￿e Ihe rnelhotys ènij princip5e5 in Ihe Challlies SORP IFIIS 1021.. make judgments and ac¢ounllng esiimaie8 Ihai are res5ona￿e ano prudent.. siaie whether applicable UK A￿O￿ntIr9 $13Thdards hav2 been fallowèd, subiecl ro ary material dep*rture5 disclosed 8nd exty31ned In the financ181 siaiemenl5. prepare the financial siatemenls on the 9(￿n9 tonctm basis uNess Il Is inappr(wFiale 10 pre5LW)e Ihal Ihe Choriiable Company ￿11 contiwe In busin86S. The ilvslees are respDnsibie loi keeping adequate accounting iecofOS thal are suffic￿nI 10 e¥plain charii3trlp compony's Iran5a¢lions and disclose with reasDnable accuiacy ai any Dme Iinanciai positton ol il cornp¥ny and enable Ih¢m lo ensure Ihal Ihe financial siaiÈm8nls com&￿Y with Ihe Companies Acl 2006 They are also respon￿ble IOT $Blegugrding the 8S5p15 01 the charilablÈ cornpgny 8nd hence lof 18king reasooaDie sieps lor ime preventyon an¢ deleciton olfraud and other iire9ulaiilies. The Irusieès ¢onfifm ihai so far as e8ch l(U$lee ¢5 Iwafe. Ihefe is no rele¥ani audil informalion DI which the clwFilable company auOilOI Is unasyare. and the IFv51ees hove laktn all the sleps Ih81 they wghl lo have taken 85 IFuslees In order 10 make Ihem5elve$ ware Of any iefew8ni 8ud11 Infor￿?110￿ and Ig eSta￿lsh IhBI In8 ch8nlable comp4ny's au611ty is abvare oiinai inlormaiKIn. The Iruslep5 are respon51ble lor the m4inlenanre ano IniÈ9rity ol Ihe r(Kporale and finaDrial Intormalion Indu(Jed the charilaNe company's websiie. Legislation in the United g￿E￿in9 the preparabon ènd dissem1nsli￿ al rinancial 51alefflen15 may diffei Irom legslalion in olhÈi iunsoieiiMs. AppiovEd by the 8oard ol TruslEes ol LÈICE&ier Gramm81 School Twsi on 8 D￿ernber 2025. includin9 IhÈ SlriiÈglC Report containea IhefeitTr. ana signeo on 11$ behaii bv Mrs J Burns Vice Chair IAcad¢micl Of TfU$lte$ Page 13 INOEPENDENT AUDITOR'S REPOR T TO THE MEMBER5 OF LEICESTER GRAMh1AR SCHOOL TRUST FOR THE YEAR ENDED 31 JUL Y 2025 Opinion We h3YE 8udiled lThp fmancial 51alenien15 of LeirBsler Crdfflm8r scho￿ Trusl I'th8 company'l lor the year endeo 31 July 2025 which Gomprise ihe siaiemenl of Financial AclivitiÈS. the Balan￿ Sheei, the Cash Flow 5131ernenl and nolOS 10 the finanrial 51plemenlS. Includino slanificani accounting poliGieÈ. The Iin8nci21 r&ponin9 Iramework that ha5 been èpplied ifj Iheir preparaliDn is applicBble18w and Unitèd KIDgdom AccounliNJ standard5, includiny FRS 102 'The Finyncial Reporting Slandaid 4pp11¢8blp in the UK and Republlc of IrelaDd' IUDiled KiTrydom GeTreraly Atrepled Accounting Pracbcel In our opinion iho financial stsiémefits. give a Iwè ènd lair view ol the stale olihe chari18bie company s sffairs a5 8131 July 2D25 ènd ol It5 ￿coming r¢sources and appl￿3110￿ of rt5Durc8s. Indudin9 115 InCOtD8 and expendilure. lor the yeai then pnded. hava been PfOPÉrfy prepared in accordance wilh United Kingdom GeAerally Accepted CDUntin9 Praclice. and have been prepared itl 8ccor(lance with Ihe TequirÈmèn15 01 IhE Companies Aci 2006. Basis for opinion We crJnducte¢ our audil In Bccordènce wlh Iniefnalional siandards Dn Audi11￿9 IUKI115As IUKII and applic8Dl2 law. Our responsiblllties under Ihose standard5 are lurthei described In the Auditor's Responsibililies foi the Budil ol IhÈ financial slaiÈrDtrnls 5eciion ol our rtport We are ol Ihe chÈrilable company in accordarlce wilh Ihe ethical reouiiemenls Inal 8re retevanl lo our audit ol the rinan¢i8I siaiemEnr$ irt IhE UK. Includ￿￿9 the FRC'S Ethical S&Ddard. and we have luifillBd aur other elhical rBsponsibililies in occordance vlilh these requirements. We believB that the akbdil £¥￿ence we have obl8ined Is suffi¢i8nt and appropriate lo providE a ba51s lor oui ownion. Conclu¥iong relalin9 to yolng ¢onGem In 8udilino the financial siaiemenis. have ctsncl￿ed that lh8 truslee5' use ol Ihe g￿n9 Eontein basis ol acciJuDlin9 in the preparation ol the financial s131gmenls Is appropriale. Bèsed on the work we have performed. we have noi idenlified any material uncErfainlie5 fEiaiing ¢0 compgffly's 8bilily 10 continue as è going conGern loi a penoo ol ai leasi trwelve Inonl￿$ from when the rinancial stolemenls are aulhorised for issue. Our re5ponsibililies jnd Ihe iesponsibili118s of Ihe Irusiees Wllh respect 10 going concern ore describtrd in the relevant seclion5 01 th15 report Oth¢T infDrTnalign The olh&r ￿fOrmall0n compli5$5 IhB mlormation InclkJ¢JgLS in thè tnnua (?POrt, othei Ihan the flnancial slaiÈmenls and our audiioi's report Iher80n. The IT￿slee5 are responsible lor Ihe olheF informal￿n contsintd Wilh￿ Ine annuèi r8POrt. Our opinion on ihe fillancial siaièmenis does nol cover Ihe oiber informalLon and, exGepl lo Ihe exleni 01hEr￿se explLIMy slated ifi our report, WE do noi txp￿sS any lolm ol essur8ncE con￿lUSi￿n Ihereofj. Our responsibility Is 10 feaa ine Olher inlomtaiioD ario. in doing so. ¢on5i¢Jer wbelhar Ihe Dlhai inlorrnalioo is mai81ially inEon51slenl Wilh Ihe financial SIBiements or our kTh)v41ed98 obt81neO in the cour58 01 Ihe 3udil or olhermse apptrars 10 be mèieiially missraled. 11 we identify SUGh material In¢on$i51encie5 or apparent material misslalements. we are requlred 10 otiermine whelher there is a rnaierial misstslErn£Trl in Ihe Iinancial slaiemenls Ihem5el¥es.11. based on the syork WÈ have p&rformed. VR toodude ihai there is a maifrfi81 misslalement ol Ihis other Informaiion, we are reouired ID rtport Pa98 14 We hawe nolhing to report In this r69Ard. Oplnions Qn olher m¥ttets pre$¢ribèO by the ¢ompaTri*5 A¢1 20Q6 In our opinion, based on the wot* urtdertaken in tho course ol the Judil.. th¢ inloirn¥lion 9iven In Ihe Iiusiees. annual report lor ihÈ financial yaar fv wh￿￿ Ihg linancial siaiÈrnents 8re prepareo ￿ consisieni wllh Ihe fin8nciai siètemtnls. 8nd the Irusiees. gThnuel report have been prepared in accordèncè wilh &o￿lco￿le lesèl requirements Matt•vs on whlch we aro rnquired ID roport by eKc•plion In the light ol Ihe knowledoe and under51anLling ol the cofflp8ny Its env)Fonmenl ob18Vl80 In8 ¢our5e of the audit. we h3ve not identified rnaierial m15siaiemenl8 in the t(U51ees' annual report. We have nothing io repoff In respect ol Ihe lollowing mailers whEfÈ the Cornp8nies Aci 2006 ￿4￿￿85 us Iv repori 10 yov il, In oui opinion. 8deouate Bc¢ouniiD9 rerA)rds have not been kept. or reiums 8dequ81e lor our ¥uOIl have nol bèen received Irom branches not visiled by u5.- or Ihe financi85 $18lemenls are nol in 8grEemenl wilh Ihe oc¢aunliry records relum5'. DI tertain disclDsures ol Iruslee5 femuneration sp&cif*d by law are noi rnade.- er we have nDt received all Ihe Inlorm81ion and expian81ions we ieouire loi oui auoil Resptsnsibililies of Iruslv¢s A5 explailled mole fully in Ihe Irusltses. r6sponsibililies siaiemenl Sel on pa9e 13. the Iru$iee% (who ate B15D Ihp dirèclors ol Ihp ch3ritablB cornpany for Ihe purpDses of company lawl are iesponsiblE loi ana lorsuGh IniÈrnal conlfoi as the Iruste8s delerrnine ￿ n&c8ssarylO enable Ine pr?p8rdlion ollinancia5 sialÈmen15 th81 are free Irom ma￿￿?1 missi8i*meni. ￿ether dve lo Ira￿1 Qf erroT. In prgparin9 the liD3ntial siaiefnenls. IhB Iru$ie8s are responsible lor ass8551Dg th8 charilablo cornpany's ablily lo conlinue as a going concern, disclosin9, as appIic8ble, m8llers re￿Ied 10 90in9 concern and v51no the going conctrn basis ol accouniing unless Ihe Iwslees ellhÈr intend lo 114UKlaie Ihe ¢hgri13ble romgBny or lo cease Dper31ion5. 01 have nD realisiic alleTnèlive bul lo Oo $0. Audittsr's Règponsibililiv8 lor ihe audii ol the financ*al stat¢rnents Our obiectsves are itr obl81n reasonable assurance about whgihEF lh8 financial statements 85 a whde arE free Irorn rnaierlal misslalemBnl. whether duÈ Ic fiaud or èrror, and IQ ISSU8 an audilor's r8port Ihal Inclvoes our opinion Reason8Die Èssuiance Is 8 hlgh level ol assvrance. bul 15 nol a gU8r8nle8 Ihal 3D audll c¢nducl?d in accoroance Wllh ISA5 IUKI will 81wèys 6eie¢i a maieilal misstalementwhen li yxi515 M￿Sist￿me￿I$ Cgn 8ris& IrDm Ir8ud or eitoT and are ¢onsideied material rf. Individv811y oi In aggiegaie, they could reasonably be expecled lo Infl￿enCe ihE economic dE¢isioD$ of L￿tr5 taken on Ihe b9919 01 Ih6se finanGi81 siaiemenls. Page 15 A5 part of 8n 8uOIl in accordance with ISAS IUKI we exercise professitrnal iudgemeni and rnainlain prolesSlDnal 5ceplicisrn lttroughoul the 8udil We alitt.. Identity and asse55 Ihe risk5 01 maieii81 misslaiemÈni ol the financi81 slalemenls. whElher E1ue to Iravd Of error. ¢Ye5ign 8nd pBrForm audii procedure5 rqsponsive 10 those risks. afto oblain audil pvidence Ihal Is sufficieni ènd aopropnai8 itr providE a basis for our opinion. The Fisk ol 001 d@leciing a material missiaiemeni resulling Irom fraud Is hi9her than For olle iesvllln9 Irom eiror. 55 fr8u4 rnay Involve collusion. foroery. Inieniion81 ornission5. misrepr888nlalions. or the overrKJtr ol internal conirol Obtain an underslanding of Inlprnal wntrol relèvoni lo Ihe auail In Of+Jer ￿ design 3udil procedvres that ale 8ppfDprial8 In Ihe clr¢ums18nce5. bul not Ihe purposes ol gxpres51ng an Op￿iDn on th8 8ffeclivene5s of the ch8ry18ble company's intemal control Evaluaie the approprialene5s of accouniing policles us2¢f and Ihe reasonableness 01 eccounting esiim81e5 and 1818iBd disdosures made Dy the Irusie8S. Conclude on Ihe apprgpiigleness ol Ihe truslE8s' u$8 ollhE going concern b8$i$ pl accountin9 anLf. based on IhE audit evI(sen￿ ublainèd, wheihei a material untertainly exlsis relaied lo pvents or ¢on(JilioThs Ih81 may ¢asl $19nilicanl doubl On the ch8riiabl8 Cornpany 5 ability Ic CDnlinue as a going roncern. 11 we roncluije Ihai a material uncert31niy exists. w8 art requiie o diaw allenlion in our auditor's repon 10 Ihe relaied Ois¢105u￿S in the financial slalernenls of. Il such disclosures aTe Inadequate. 10 modify our opinlon. Our condu510nS are based on udil evidence obleined up to ihe date DI our audilor'5 report However lulure evEn15 or tundilkin$ may cause the ¢h&ni8blÈ trsrnP8ny to tease lo contlnue 05 a wing ccnearn Evalvale Ile overall presenlglion. slruciurè aDd conlenl ol Ihe linan¢i31 slalemenis. IncluLling the discJ05ures. and whelhei the Iinancialslalfyrnenis reor&senl Ihe undtrriying transactions an evènts in 8 manne[ thai achieves la￿ pr8S8ntaiion Vve communicate wilh Ihasg chargBd wrth gowernancè r&9arding, among other mattors. the plann8d inltinal control thai we iatnllfy dvr¥)9 our ¥u¢it. Explanatlon tts to wh8t ex¢ent the audil tonsidored capablA ol deteGtln9 Irre9tslarllie¥, ¢ncluding fr¥ud IrFegula111ie5. Including fraud are Ins13n¢&s of non-cornplianGe wilh laws and regJ18lion5 We design proceduie5 In line wllh our iesponsiblli14es. outlined above. lo detEcI material m1551aiemenu* In iespecT ol iir8gulaiilies. inciuOln9 fTaud Ta8 oxieni 10 which our procedures are ¢ap8blJ Df delecling The objeciives of our audil in respect ol Iraud. are. lo idenlify ano assess ihe risk5 01 Ma￿rIal mis51atemeni of Ihe financial 51zlernenls due lo Ir3ud. lo obtain sufficieni approprkAte audil evidence regaidill9 the assessed risks ol rnalerial miSSl¥lefflenl due to Iraud. Ihrou9h desi9ning and Imp￿￿entio9 8pprDpr181e respoftses ￿ lttose assesse￿ dsks,- 8nd to respond 8ppropri81eiy lo Instance5 ol IrauLI or 5uspeeied Iraud ioenlified during Ihe audit HowevEI. the pFim3ry responsibility foi Ihe revenlion and deleciion ol Iraud resis wilh both man6getnEni and those ¢hèi9eo wilh gDwernance ol the Gharilable cornpany. Page 16 Oui aPPToa¢h was as lollows.. We ob18in8d an ufjéer51andin9 of the legal and rEgtslalory reouirernBn15 applicablg lo the chaiil3ble company and considered Ihal Ihe m051 Significalll 8re Ihe Cornpanies AGI 2006. the Chaiilies A¢1 2011. the Chaflly SORP artcl UK finan￿￿1 reportlng Standard5 as issued by Ihe Financ181 Fleportin9 Council. We obtained understand￿9 DI hDW Ihe chanlable company complie5 wilh these requtremènls by LliscvssioDs ￿1h man8gemenl and those charyed with govemance We assèssed Ihe risk ol materièl m1s51Biemenl ol the financial slalelnenls, irtluding Ihe risk of maitnal mis5181emeni du8 to Iraud and hDW il mlghl occur. by holdin9 discu5510n5 w￿1h anapemeni and Ihosg charg8(S with governance. We inouiipd of man39emenl and Ih05e charged wilh governance 88 10 any kno￿ In$iance5 01 on-eon7thi3nce or su5pecl£d non-coffjpliance bvilh18Ws and re9ulalions 8asEd on Ihis understandin9. we ¢eslgned sp¢rific appropriale audit PToceduFe5 10 identify ID5tances ol non-compliance with laws and rÈgultlion5. This Includ8d rnak￿Y enqu1rie5 01 managÈfneni and those char9ed ¥vilh govern8nce 8nd ebiaining ad¢iiion?I corioborallve Evidence a5 rkouired. There are Inhereni Iimilalrofjs in Ihe audil pioGedure$ desciibe¢ abtsve We ar9 less likely to become awaie of Instance$ of wn-wmpliBnce ¥Vilh L4ws and TÈgulBII￿￿s lttal are ftoi closely ieièied lo evenis nd Iran58cliOnS renecied In Ihe f¢nanci81 51È1em8nts. Also. Ihe risk ol not ¢elEciing a Inalerpal misslalemeni OJe lo fraud Is higher thèn the risk of not aeleclin9 one resuiiing from erior as fraud may ¥ol¥e deliberate concealmenl by. lor exèrnple. foroery or Inleniion8I misrepte5enlalion5. er thrvugh Ust ol our repDrt This report 15 madB sole5y lo Ihj chadl3ble company's mtmbers. a$ a Dody, In accordance with Ch3plgr 3 ¢1 Pan 16 of the Companies Aci 2006 Our 8uOlI work h85 bÈÈfj undertskÈn so Ih81 we mighl sl318 Its the comp3Dy's rnembers those fflallers we are rBquired to s181e 10 Ihem Ill gn auditor's fepon and for no Olher purpose To the fulltsi exlenl permiiiÈd by law we do not accept OT B55ume fesponsibilily io any party other Ihan Ihe chariiable ¢ompany èDd charitable CDmpany's members os J body. lor our Audit work. fot Ihis report. or lor Ihe opinions we have lormed. Jonathan Aiken5 (Senioi S181uloiy Audilwl lor ond on b2hi110l MooiE K1n9slon Sfflilh LLP. Slalutoty Audilor glooi 9 Appold street Lmdon EC2A 2AP Page 17 Leicester Grammar School Trust STATEMENT OF FINANCIAL ACTIVITIES lin¢luding the income and expenditure statement) lol the ear ended 31 Jul 2025 Unr25liiEted I De5ipnaied fund5 Re51ficl8d 8ndowmani funds fun Tota 2025 To￿1 2024 Noies INCOME FROM.. Charllable kli¥itWJ5 S¢nool fees Olhtsi educaliofj* i(Kome othei inromÈ Other Ire¢￿9 income Othw acVvilie5 Inve$imtnts Inves1meni Income VtTrluniary sources GNan15 and donations 21.819.228 1,462.675 21,019.228 1,462,675 21.365.025 1,471.86S 1,056 1.056 147.700 196.3B7 15.901 212,268 134,239 83.019 83.019 374 431 Toi81 income and endowment5 23,461.641 8J.019 15.901 23,566.561 3.493.260 EXPENDITURE ON.. Schools opeialions 23.124,448 11,390 20.374 23,216,212 22,32B.7J9 Tolal expenditur• 23.124.448 20.374 23 216.212 22.328,139 P4ei op•rai¢n9 imcomell•xpondrtur*l 3.193 11.629 14.4731 35D.349 1.164.521 Nel 9ainsll105sesl InvesimBnls 27.597 45.500 Nel inttsmellexpEnditur*l and t)•t movFmofi1 fun¢ts bal8ncey brou9hl lowaid 11,629 4,796 377.936 1.210.021 17.814,174 287,213 767,250 10,668,fjJ7 17 658.616 FUDO bJlan¢25 capntrd lorwaid 18.175.685 298.842 772.046 19.246,S73 IB.868.637 The 51glemenl of financial activities incluOeS all 98in$ 3nd losses In rhe year and Ihefefore a slgiemèni ol lolal reco9fjispd 9a1fj5 and 106se5 has noi otren prepared All ol the abov& amounis relaie lo Gon1￿￿n9 èctivilies. rhe a¢cornpanOn9 noles Iyrm part of Ihese hnancio181812meThlg P3ge IB Leicester Grammar School Trust BALANCE SHEET as at 31 July 2025 2026 2024 as reslaled Notes FIXED ASSETS Tangible assets Investments 28,207.883 740,734 28,948.617 27,634,490 720.249 28,354,739 14 CURRENT ASSETS Stocks 6,820 7,782 Debtors Cash al bank and In hand 2.029,225 3.711,235 1,642.121 6,757,881 5,747.280 8,407,784 CREDITORS.. Amounts falling due within one year 16 14.802,5321 15.077,5281 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT UA8ILITIES 29.893,365 31.684,995 CREDITORS- Amounts falling due after more than one year {10,646,7921 112.816.3581 NET ASSETS 19.246,573 18,868,637 FUNDS Reslricled funds Unreslricled fvnd5- general Endowment fund 18 18 298,842 18.175,685 772,046 287,213 17,814.174 767,250 19,246,573 18.868,637 Approved and authorised for issue by the Board of Trustees on 8 December 2025 and signed on their behalf by.. Mrs J Burns Vice Chair (Academic) ol the Board of Trustees Mr M R Bu15ara Vice chair (Financiall of the Board of Trustees The accompanying notes form part of these financial statements. Company Number.. 01521751 Page 19 Leicester Grammar School Trust CASHFLOW STATEMENT lor the eaf ended 31 Jul 2025 CASH FLOW STATEMENT 202$ 2024 Ntrl cash Inlow Irom tspÈraling acti¥ilie$ Ca$n Iiws from IDVe51ing $cli￿lIes. Bank inleresi 8nO inve51menl income Feceived Purchase ol inv&slrn8ni$ Proc•8ds from salt ol Invesimellts Paymenls lo aC0￿1(e fixed assets Proceeds fiom $21p ol fixed assÈiÈ Cash Ifansfer berwe¢n ￿nveStmen1$ 8né ¢ash 989.OJ1 7.012.269 212.288 157,5501 41.462 11.23%6481 134,239 152.78ei 36.214 11,488.S041 7,7CN) 7,101 Nel CBsh oullk)w Irom Invesiing a¢livilie$ 2 023 367 1363 137 Financing Loan$ repaid Inleresi paid 11,145.5961 1866.6941 11.B95.4381 1972,73SI Nei E85h OLtfflow liom fwancing 8Clivilie5 2012Z¥O 2866 173 IDecreaseVincrease in cash 13.fM6,6461 2.780.￿9 Cash and cash eouival2nts at me beginning of Ihe repDrting period 6,757,6e1 3.g76.922 C85h ano Cash equivaltrnis ai Ihe Ènd ol lh8 repoflin9 pèriod 3.711.235 .757,881 AE¢ON¢ILIATION OF 14ET MOVEMENT IN FUNDS TO NET CASH FLOW FftOPI OPERATIt4G ACTIVITIES 2025 2024 Reconulialion ol operaling restsll to rtei cash infl¢w Irfy Nei rrn)V8M￿I ￿￿ fund5 G8in5 Dn Inveslmen15 DepreGiaiioTr 88nk intere51 and investmElll income receivpd Intete$i poyèblÈ Cash changes lo fixed a55els for VA T IDep.raa$ÉyIN¢tBasa in cre¢ilOIS IlncieasellDe¢iease In dEblors D@¢t&asellincrBa5EI in siocks J77.936 1.210,021 145 5001 1.J16.666 1134.2391 912.735 1,309,631 466,694 )48,624 11.298.966 1387.104 4.080.273 1387.4681 989 QJI 7012269 NET OE8T RECONCILLIATION AI 1 Au9USt 24 OlhÈr non- ¢a$h ch•fige¥ Al 31 July Z025 aBhflo*$ Cash 81 bank and in hand 6.757,881 1.211 779 5.213,155 5.151.841 13,046.6461 3,711,235 1,207.382 5,301.596 J,922.201 4.3971 88,441 11.229.640) Bank loan5 l¥lliD9 ljut 1 5 yea loans 1811ing due > 5 year% Pagf 2Q Leicester Grammar sch.ool Trust NOTES TO THE ACCOUP4TS lor the e8r ended 31 Jul 2025 1 COMPAP4Y INFORMATION Leicester Grammar SrhoDI Tru51 15 a company limited by guaraniee ￿1￿ reoislered n￿rnbel 01521T5t. IncowoialEU domiciled In Engl8nd and Wèl8s Ils regis18￿￿ office 15 L¢ndon Roa(l. Gte81 GIBn. Lgire51ei. LE8 9FL. 2 ACCOUTING POLICIES 2.1 BAS15 OF PREPARATION The lu)ancial slaiem8niS have been prepared in 8c¢o¢uance vdlh Ihe Financ181 Reporting Standard èppkcable In the UK and Republic ol Iieland IFRS 1V21. Th6 charilAb￿ Company Is a public bellefil enlily for 1he pU￿OSe5 01 FRS 102 8nd Iherelortr the cn¥rily è5$0 pr6parBd hs financial siaifrmenis In ac¢oidance ￿1th the Siaiemenl ol Rtcommenoed Pfacnce applicable to chsrllles prepgrin9 their sccounls In 8¢cordanc8 vAlh the Financ￿1 Reponing SL3qdaTd applicEble In IhE UK and Republic ol Irel3Dd (The FRS 102 Chanlies 50RPI. Iht Ctyrpènias Acl 2006 and Ihe Ch3filies Aci 201 l LeiLAs￿r Giammar School Tru51 meels the defiDilion of 8 Putlic benefil entyiy unoei Financial Raporting Standard IFRSI 102. The Iinancial 5181em8nis 3re prepareo In 51erling. which is funclitsnal Guttgncy ol Ihe chaniy Monelary moun15 In these financial 51alements are rounded ID Ihp ne3rEst p)unO These financial $18lemenls Bre prep8r2d on Ihe 9Ding Concern Dasi9. unoer the ts5ttyl¢81 cosl Gonveniion 89 fflodifaed by Ihè revAlualiyn of Investmenis in 8¢cordance Wilh Ihe Conipan*s Acl 2006 ané applicable ac¢ouniing %landèrd5 In Ihe United Kingijom. The pritKwl accovniing poliries. whKTh have been 8pplie¢ consisienlly Ihrou9hovl Ihe ye&1. are sel our beltsw. 2.2 GQING CONCERN The accoun1$ have be8n prepared OD a 9oin9 concem ba515 The Lticp.sier GiarnrrK4f Schoo1 Trus1 808Ed fÉview$ the linancial Inlormaiion lor iThe Ghaii13bie company an¢ ¢on51dor wneiher the Chall1a￿E company Is a goin9 concern lof a pÈriod ol ai lea5l 12 fflonlhs Irom the Qaie ol apwoval ol Ihe g¢covnls AAo1 making enqtsiries. the Iwslets h8ve a rt8son¥ble exDect8liOn thal the chaiilable company hès aoeouate iesoufce$ io ¢Onlinue In opeialional existence for the ILwe5eeable fuiure. A¢Gofdin9ly. Ihey conbTruP ID adopi the going concern ba$15 ffl prèparing the Annu81 Report and Account5. 2.3 COMPANY LIMITED B Y GVARANTEE The ¢ompany is IimilEd by 9uaTanleE, the 9u8rantor$ al Ihe pieseni time beiny Ihe fruslees. ID Ihe Extent of Èl e3ch 2.4 FEES RECEIVABLE AND SIMILAR INCOME Fèps fetei¥¥bie ¥nd olhei eOuc81ional ￿ncOTnE are 8ccounieLf for ill the Pefi￿ ill which Ihe ser¥￿e Is provided nel ol VAT Fees receivable ara 5laled allef deducting allowanc25. scholarship5 8ffj Olhei Temission5 9fanled by Ihe school Fe85 In aO¥ance al ÈduG¥iion 10 b8 pfoyidéo In fulvie y88rs under an Advanc$ Fee P3yn*n15 Scheme wn113ti are Included In lièb4lilies vniil &llhei l&ken lo incorne In term when used or refunded. 2.5 AIICILLARY AND NON-ANCILLARY TKADING INCOME Ancillary If¥Oing incorne repre58nts amounis Irom aclivilie$ ID geDer8le funds wilhin the chariiaL)le objecis lor ex8mple. school releclory sales. CDa¢hes lo ane from schoDI and school trips Non-ancillèry tradin9 Incom represen15 arnounis Ifoffj aciiviiie5 nol Oireclly related 10 Ibe ¢haDia￿t obJ2C15, for example 1oiiin9s ol s¢hool lacillli&5 Income Irtyn 1he58 aClivili•s 15 recoonised in Ihp sialemelll ol finBn¢i81 aciivilves when the goods are 501d or Se￿1¢eS piovided. 2.6 GRANTS DONATIONS Volunthry incoming resources 81e ac¢tyJnied IOT as and Yrfhen eniillgmenl ar￿e5. the a￿OUnt can ieliably be qU8niified ihE EconDmiC benellt 15 considered probable Pa9e Z1 Lei.cester Grammar School Trust NOIES TO THE ACCOUNTS lor the ear ended 31 Jul 2025 1.7 FUND ACCOUNTING Endov4menl lund$ are subjgcl 10 5pecyfic conditions by donors Ihal Ihe capilal musl be mainl3in6d by Ihp ¢h8rily Eno¢wrnBni funds are lurther su&diviJed inlD permaneni exp¢ndabie, where rpquire¢ by the i•ims Of the ReslriGled funds are subjEQI lo specific conoiuons Dy Oonor$ 8$ lo IK)w Ihey may be used. The puiposes an uses DI Ihe re51Dcled luncls are sei oui in the nol8S to the finanJ81 SlaletnBnls. Unresiricled lunds are available lor use al the d15¢1eiion of the liv3￿e9 In furfhe18nce ol Ihe geneial DbjErlives ol the charity ènd have noi bEen designated foreihor purposes. 2.B EXPENDITURE EApEndilure 15 alk)c3led lo expense headin9s. which 8ggiepale all co$is relaiing 10 the c3tegc>ry eAhei ￿ è diteci COSI basis. or appOrt￿ned acetrdlD9 ID lim2 spent. The irr8coverabl2 element of VAT includ&d wilh ihe 11ern ol expense io which il ¢laies Goveinllnce cos15 cornprise the M519 01 iunnin5 IhE Tfu5l n¢lyiJing 51ralegic plannitYJ for lis futu￿ devebpmeni. exieinal turfil. and all other Ctssls ol Gomplwng Wih cDn51ilvlional and 31oiutory feqiNremenl5. 2.9 FIXED ￿SEy$ AND OEPRECIATION In accordgnce wlth Section 35.10 lal ol FRS102. L&icester Grarnmar School has eieciÈu 10 use the carrying Value of any ol Ihe above Ireehold land and buildin9$ prev￿￿51￿ ¢ariied èi a Valuation. 85 their dpemed cosl al ¢ Oaie ol transiliDn lo FRS102, 1 Au9usI 2014 T3ngible fixed 8S$Ei$ 81e $18lt0 81 co$1 I2S5 deprècialioo. WnblÈ 13n9ibl• filed 8558t5 havt acquir80 ¥itY ol specific granLS they arp Incluae¢ in the balance sheel ai c051 dèpréciated Ovei Iheii Èxpe¢ie(l u$elul Ècortornic life The rtlalÈ¢ gtadis ore crediiea to depFeciaEion 00 such asse15 is charged in Ihe stsiÈn*nl of linaneial aciivi118$ Dvpr Ihe èxpecled uselul B£ofjomiC life ol Ihe rel8ied 8s8et on a b8519 ¢on$isienl IWth the tsepre¢i81ion policy. Deprec￿lIon is piowlded al rale5 calculaled to wrile Dff the c05l, le$$ esiimaied restijual value of exb asset based on ¢urreni m8tkeT pricès, Ovef 11$ expetied uselvl1118. 8$ Ioiiows. Not depr*￿tted Fre8hold . 2% 10 20% p8r Ellnum on cost Conwlers and Èoyipmpn. 2S% on c051 12.5% 10 33¥4 QD C051 Leicestei GIAmmac School Tru51 ¢xercisES ju4pemÈni In 5ele¢iion ¢1 8pprtspn318 la￿5 loi depie¢i8Don tsl Iixed os$e15. fDr rnallers ol inp3irmenl Page 22 Leicester Grammar School Trust NOTES TO THE ACCOUNTS for the ear ended 31 Jul 2025_ 2.111 INVEST•hENT Fixed asset iiive$imènis 8re a form of finanGial Insit￿rntnI and are iniiwlly re¢agni$eO al iheK tr8ns8ction CDSI subspqueniiy measured 81 m3rkel value ai IhE 6aiènc& snèei tsie. unless markEI ¥¥lue cannol be me8￿re0 feii8bly in which C95e il is rreÈsured ai COSI less Impairr￿ni. Unrpali54d gains and lossas arising on ihg revalualion ol In¥Fsim8nls are clfydiied or chaig8d l) Ihe SlalèmeDI of Financlal Aciivilips and ar& alloc8leO lo lh8 8ppiopnaie fijnd accoroing Io 'ownei8hp' ol thè ullderlying ssp15. ReBlised gains and 1059e5 are Ihe differen¢8 b&lwetn sales Pfo¢eeo$ and opening mprkel vahJ£ wh8r2 Ihe iov8strnpnl was helll ai the begiDning of Ihe yB8r or sales proceed5 less c051 01 purcha52 where the Invesim8ni was ¥couired ID Ihe year UrrinyeS￿d cash 15 the balan(x ul liquid ¢88h. heW as an investhpnl. Wfi￿h h¥$ not been iDvesled in secuiitie5 InvE51mBnts in Subsidiar1È5 ale vBlu¢d al cosl less piovision lor imp8irry*nl Inveslment properties are measured ai lair value 31 2ach reportino dai8 wilh ¢han9e5 In fail Y￿u¢ recogni5ed ID nei gainsltto$sesl OTr invesimEnts in the siaiem&ni of Financial Aclivilie5. 1.11 STOCKS Siock5 8re slaipd 8t the lower ol ¢051 or ne( rfjBli58ble V81ue. 2.12 PENSIONS Full-time 3nd pèn-timp i?achin9 51aff employed uDdet g conii>ci of Service are ellgibie tD coniiibuie ID Ihe Teachers. Pension scheme ITP51 The TPS, a stslulory, conlribulory. IIDal 58lary scheme Is adminLslefed by capit￿ Teathers. Pensions on behalf of Ihe Oeparunenl for Education and Skills. CG5Ls include normal and supplemenlaiy cDnlribulioDs Th6 rg9ulai CDSI IS lh• noimal contrib￿On. eXp￿sS0￿ a5 a perceniage ot salary of a teacher ￿e￿Y efilering 58rYice. vthich would ¢8fray ihe cosi ol benefits payab5e in re$peci ol th3158rwice Vanaiion5 the rÈgulai pension Cosi are mel by b supplemenl•ry coniribulion Thly an¢ presènt leècher5 are nol lully covered by noim81 conlribulions lo bp paid In the luiure and by rhe fund Dullt vp Irom pasi ¢onlribuiN)n$ The nomial supplementary cofjtiibulions are cheryed lo ino?rne and Expendiiure 8ccouDi in Ihe yqaF. The TIu$i also pay5 conliibvlion5 Inlo a defined conliibuiion schem2¥ far Suppvrt 518ff an¢ leaiThers. The asseis ol Ihe schemes ale Meld separ8lely Irom Ihose ol IhE TIu51 ID indepEn￿￿￿￿Y admin151eod funds ThÈ PensiDfj schernes chèf9è5 rBposen15 conlribuiians p#y8blE Oy the Tru51 in a¢cordBncB wilh L*g Nlps ol the Sche￿¢ 2.13 LEASES ANO HIRE PURcpfASE CONTIiACTS Where ass?15 are financed by finance lea5E5 hiie pvichese a9rpempnlS Ihe 8s5&l5 are ifjcluded In 8¥lan¢t Sh8É+1 ai ¢osI ￿e$S deprtiiètlDTh in 8ccoro8nce wllh th8 5¢hool's notmal acGounling pdi¢y The pre$Enl Sl&lemeni ol Finèttty81 ActiVllie5 over the ptrriod ol Ihe lease in Pf¢POrtion ￿ the balance ol p4piig1 paytnentS ouisi8ndin9 Renia15 paid und81 op8raiin9 loases art ¢hargeO lo the Siatemenl ol Fthanrial Acliviiie$ ève￿¥ ov&1 of the Ipa$e. 2.14 CASH AND CASH EauivALE14TS Ca$h and cash 2quiva1enls include cash irt hènd. dÈpo$ils held 31 ca11 wlh banks. Olher shtsrt.ie￿ tnVeslmtn15 wilh original tnalurilig5 01100 days or le5S. Pago 22 Leices.ter Grammar School Trust NOTE5 TO THE ACCOUNTS lor the ear ended 31 Jul 2025 2.1 S FINANCIAL INSTRUMENTS The company has elpsied 10 apply ltte pl0￿¥10n$ of Seclion 11 '8asi¢ Financial In51rumen15' and Section 12 re¢o9Di$ed in Ibe comp9ny'$ 08lan¢e sheet Kthen ifvt company becornes Party io the ¢ontr8ciug1 prov1510ns ol the Insiwmenl FIDanGiai a55els and 15atrAlilies are offsel. wilh IhÈ nei amounts piesenled in the finanGi¥l sièiemenls. hen there 15 a legally EnlorcBable whl lo sel Dff Ihe recogn158d 8fflounts an¢J there is an inienliDn 10 5elllg on a nei ts86is oi lo rÈalis¢ Ihe ossei and seiiie Ine Iiakntsly $iffluiianeou$ly. With Ihe 8xc8plitrns DI prepaymenis 8ntJ delerreo income all oittèr debtor and creditor balBnce5 8re cOnS￿er0d lo be basic fin8nGi81 in$lTurnenls undef FRS 102 Given the Sthool only have b8si¢ financi￿ insirumenls il is not consioered ne¢e5sary lo dlscbse IDes8 separ81ely the financial siaiemenis. 1.16 EMPLOYE£ BENEFITS The ¢0513 of short-lerm employee bÈnelilS a¢e iecognised 8$ 8 li8bilily 8nd &n expense. 2.17 FOAEIGN CURRENCY TPANSLATION The ¢hallly's pfE5enlalion currency i% Pounds Sierling. Trunsaciioos oc¢vrnn9 in foieign cuirency through￿11 the ypar have h*.vn Iran$181ed using pu￿1clY availa￿e aveT2ge eMcharyJE ralp5. prtonelary ass81$ and Iiabililies aiB denominaied in faieign Curfer￿lES are translated Inio sierfing ai Ihe TalÈS of e%chan9È wling al Ihe b818nce &heei dai&. Ai lorelgn currency diiferences are recèynised in expenditure. 3 KEY ESTIMATES & JUDGEMENTS In Ihe application ol Ihe accovnlin9 pdicies. Ihe Iru51Ee$ ale r8qvired lo make judgemet)1$. estimaies and assumptions aboul (he Earrying arnDuni cf a55e15 and liabiliiiE5 ihal ire not ￿ aally 8ppareni Irofft other sourGe&. The eslirnaies and as50cièiea assufflplioft$ are b8spd on historicol eXperie￿e snd Oiher f8clor3 Ih81 are consiOEod lo bt fele¥anl. Aclufjl results may dilfer Irorn Ihes¢ eslimales The eslimale$ 3nd und8rtying a55umplbD$ #r# reviewBd on pn on-goiThy ba515 Revi5itsnS 10 accounting Slim•ies afe recD9DlSed In the period in which Ihe ostimale is revised. if lh$ revisiDn èfftcls only Ihal penod. or in L￿e peiiod trl Ihe rÈv15ity) lulure ppriod5 rf the reviS￿n a￿ecIS bott¥ current ano fuiure pertous. In prepaiing finanoal $iaiemenls ri 15 necessary to Tnake certain iudgernEnls. eslimales ano Essumplions Ih81 affaci Iha amuunls recDglli5ed In Ihe Iinanci31 staternenls. In Ihe opinion of Ihe tw5￿es. no e$itm3ies and a5Sumpiion5 have a Signlli¢ani iisk ol causing a mal8rial adiu51m•nt ID Ihe caryn9 amounl ol a55ets and Iiabililitr$ Page 24 Leicester Grammar School Trust NOTES TO THE ACCOUNTS ltsr the ear ended 31 Jul 2025 4 FEÈ INCOME The School's aciiville5 are ¢8Frieé oui wllhin the UK. The school'$ f¢e In¢ome compiiseO 2025 20?4 Gross lee5 Lass OisGuunl$. Scholarships and bursèfÈS 2J,5t5,448 23.176.103 11,696.2201 11.811.07JI Total bur$ariES ond aw•rds 21,819.228 21.JS5,D25 Leicesiet Grernmai Schod Trusi makes awards io individual familiES 10 5UPPOrt 5thDolin9. 2425 2024 From UnJesifi¢ted FunLts-, Bwsaries 5Gholarship5 and aw8ras hei d15coun15 832.219 90.534 773.167 1.896,220 811.443 112.395 8È7.240 All lee income Is unreslriclgd. S OTHER EDUCATIONAL INCOME ZOZ4 Exlras and disbursemen15 Canteen reGeip15, bu5 fèTes ano 8116f Scho￿ c8ie Sundry income 1.114.328 338,347 1.143,989 327,876 1,462,675 1471.86fj AJI other educaii0Th81 inwme Is uDr2slricleiY. 6 OTHER INCOME 2025 2024 Insurance rpclalrn Profil on disp05è1 DI fjmed 8SS815 140,000 7.700 11,T05 147.700 7 IPIVESTMEPIT INCOME 2025 2024 InierB51 recEivpd and other invèslmEnl inG4me 212,28B 134.239 212.288 134.ZJ9 Incknded withln Ihe above 15 an arnouiii 01 £15.903 12024. E15.6241 ¥¥hl¢h r•l•les io 2DOowmEnl Incorne Ml OlhEI 14ve$imeni income is unresiiiclfrd. I OONATION5 AND GRANTS 2025 2024 Donaliofjs and gill& from LGS Enierpt15e5 LlrniieJ Olher don8iions 59,640 23.279 94.877 279.554 82,019 374.431 InCl￿ded wilhin Ihe abpve Is an amouni vl t83.01912024- £373.5411 which relaiss to fgsiricied income. All OlhEr donabon and oranl incoffle is unrÈsiii¢ied Page 25 Leicester Grammar School Trust NOTES TO THE ACCOUNTS lor the ear ended 31 Jul 2025 g EXPEN017UAE Chaiiiable exptnditurè Siafi costs Other Cos15 D$pr¢ci4llL Totol 2025 T&8¢hing Wellaie Piernises and E51alEs Administiaiion and oovemanc¥ 11 738,022 1.046 982 493.973 2,164.409 3.104.174 729.294 1,677,626 951,501 g65,14 88.780 41.887 2)2.81 15.807.944 1,965.D56 2,213.486 3,329,726 Total Ch8rllablE Expendlture 15,443.386 6.463,195 1.309.631 23.216.212 Total Expended 15.443,386 6.461.195 1,309,631 2J,216 212 Included leaching costs 15 8n amount of £71.39012024 C95.0421 relatirg to reslricied exp¢ndilwE Charii•ble expgndllurè Staff c051S Tol31 2024 Depreriauon Teach￿9 Wellare Premises and E518le5 Admin151rabon and gDvefnBnce 3.640,990 685,987 1.40D.808 842.693 1.015,429 94.166 42.S66 164.505 15.794.106 1.813,014 1.910,053 2811,566 1.032.861 466,881 1.804.368 Total Charll4ble Expendlttsre 14.441.797 6,570.276 1.316.666 22,328.739 Tolal Expended 14,441 797 6.510.276 1.316.666 22.328.739 Ibl Oihei Goveinance ¢0515 in¢liJdEd wilhin Adrninislrallon Costs: 2025 2024 AUdli￿$, remun&i8lion Audit Fees Other Auditor5 reThJnpraliDn Legal and ProlessH)n81 Foes 1E.820 8,674 25.494 16.3C 4.700 21.OQO 2025 2024 Icl Administration Cosls Staff costs IT support gno le3se cosi? P051aop. slalionery 12lephDne5 Le9al 3n¢ PrDIossioTral Fè&$ Qlhef AaminisirgliOD C051s 2,164,409 288,129 172,232 117,27Q J48,376 1,804.J6& 313,939 ?13.913 157,884 135.957 3.304.232 2.790,565 NET INCOME FOR THE YEAR 1025 2024 Nei incorne IS St81ed affei charging 1.309.631 866.69a 43,988 1.JIS.666 972.735 46.631 page 26 LoHn Ini£resi Operaiing leyse i¢TrtaL%- other Leicester Grammar School Tru.st NOTES TO THE ACCOUNTS lor the ear en¢Jed 31 Jul 2025 1D STAFF COSYS 2025 2024 Wages ano sslarie Socd31 secunly cos15 Othei pension c051s 11,772,170 1,256,546 2,414,670 1.104,387 2.121.297 1544J38fj 14441 7 Wages aTrO s*laries include5 £102.905 12024 £25,000) ID ￿latiOn lo ierminallcn payrnenls made In Ihp year. The tVEf3ge monlhly nurnber of employèes ¢Yuriry the yeèi W8$ È9 lolm. 202$ 2024 o. 177 132 Tellching Oftice and noD-le8¢hino slaff 170 330 309 300 The numoer of employees whose emoiumpnis amounlÈd to over £60.000 in th8 2025 No. 2024 No. f60.000- £70,000 £70.001 180.000 E80.D01 - £90.000 ¥90.001 - £I00,ODQ £130.D01 È140.000 £140.D01 £150.000 £150.001 £160.000 £180.001 £190.000 £190,001 £200.000 21 12 Pension ¢oniribulioThs IOT Ihe year amouniod 10 £430.24212D24 £266.2201 lof IhB Jbove ernployee$. Key managomeni pEisonnEI C￿$15101 ihe seThor manè9efflBni l¢am Oufillg the ye0r. Ihe ioiai &mploye8 bÈneniS (including PEnsioTh and Ern￿oyer Nation31 Insurance cttninbuiion51 lotalled ri, 169.86612024 £1.110.1121 11 TRUSTEES REMVNERATION AND 8ENEFITS Thefe wef? Trusieps, rernunersiion, expenoiibie ieimbur5en*ni or Olh?r benpfi15 IOT iae YE41 enoed 31 July ?D25 nai lor th2 year ended 91 July2024 Page 27 Leicester Grammar School Trust NOTES TO THE ACCOUNTS for the ar ended 37 Jul 2025 12 PENSIONS ThE SchoDI participBies in the Teacheis, Pension Scheme I'lhe TPS") lor ils k8¢hing 5t8ff The pension char98 lor thè yeAi indude5 coninbuikons poyable lo Ihe TPS ol È [2,235.182 12024. tI.96).81418nd 81 Iha year-end £227,194 12024- £187,859} wa& accrued ITr ie$pecl ol conlribulions la Ihis scheme Th& TPS Is an unlunded rnulli-ernp1oyer dèfined benefi1$ pension Seh2me govemed by The TeBchers' P805ions R<9ulaiiDn$ 2010 las amendèoi and The Tea¢h•fS' Penslon Scheme Re9ul81ion$ 2010 la5 afflehdedl. Plernbers on a 'pay 85 you go- b851s with Can1r￿bui￿)￿s trom members and the Employer bery crediied 10 Ihe Excheqtyw. R81iiem¢nl and Olher pension benefiis art paid by PL￿11¢ funds provided by Parliament. The em￿¢ye1 conlTibuiion r8iB Is sel by the Secretary or 518le following Scherne v8lualions underlakeD by Ihe GovÈinmenl Actuary's DeoBrtm8ni The mosi iecenl actuarial wBluBlion ol lh2 TPS was prepared as at 31 Martn 2020 8nd the V*ualiofj Report was published In OciobEr 2023. The valualvJn R8pr>rf shows nollonAI E558ls ol £￿? 2bn èno Irdbililies of £262Dn. resuliing In a schérnp oelicii ol f39.ebn Th¢ employe¢ COttlribuiK)n raie lor Ihe TPS is 2e.6%. an¢ ernployer5 ere also reQ￿re￿ 10 pay 8 scherne ¥dminlstr81ion le¥y of 0.08% glving a total efflployer cr￿trIbUll0￿ rate of 26.68% 13 T AIIGIBLE FIXEO AsseTS F¥rTriture, Fixlure5 & Fro¥hr+ld Fittin9$ & & 8uildin95 equipmEnl ¥olor Vebi¢18s CDmpulers Tviai C051 At l Augvsi 2024 Addilions Oisp05al$ 37.805.856 1.925.969 1.909.682 14S.801 1321.8081 1.$￿.89￿ 123,941 1262,6001 41.500.045 2.231,648 1768,4051 35,937 141.6101 At 31 July 2025 39.589.038 1.133,875 1,364.237 27S.738 42.962,B80 Depreciaiion. At l August 2024 Ch8r9e fDr yEdi Clisposals 11.318.099 907.713 1.395.152 171.455 1215.77Jl 1.037.322 158.761 {193.OLIFI 114.982 71.701 13.865,555 1.309,B30 1420.1BOI Al 31 July 2025 12.2Z5.812 1.350.834 1.rM13.076 175.283 14.755.00S Nei book value-. Al 31 July 2025 27.363,226 3B3.041 361.161 100.455 26.307,e83 Al l August 2D24 26 487.757 514.730 465 574 166429 27.6J4 490 All Bssels Bre used for Ghariiable pufp05es OuTing tho ytaf Ihe Trusi pul 8 VAT pr&-iegi$iialion claim This h85 ￿sUlled in parf di$p05tl$ ol ÉJOO.515 12024. EOI aSsoC￿lEd depreciaiiDn 01 £92.19912024 £01 Page 28 Leicester Grammar School Trust NOTES TO THE ACCOUNTS lor the ar en¢Yed 31 Jul 2025 14 INVESTMENTS ShaTes In group undertakings Investment Propert inveslmenis IQ25 2024 Co$ifv8lvalion Al 1 Augus1 ?024 433.147 57 S90 146.4621 16,458 280.000 713.14 57,Sg0 1416.4B21 16,458 665.675 52.7È6 Disposals SainsllL0S5851 gr￿￿￿￿ froryi movements in valuations 50.329 cosllvalua140n Al 31 July 2025 46 80 UX hxed inleresl UK eqyilie$ 31.087 63.251 351,360 6.7e6 .269 31.QB7 63,2SZ 351.360 286,766 B.269 34.754 73,775 304,Qq3 2fi7,326 70.350 Properly Olh81 invesimÈnls 2eD.000 460.733 280 OQD 720 249 Inve£imelll 9ain5 Shown on ihe Slalernenl ol Financial Achvilles 01116.457 12024 £45.5001 Includ? unreaiised 9¥ins on invesimenis of l22.D78 12024 £50.3291 and iealised losse5 on in¥est￿nI of £5.621 (2D24.- E4.8291. LEL8sier Grarnmai S¢h¢ol Trusi owns 100% 01 Ihe ordinary Sha￿ carxlal ol LGS Enleipn5es Lld (re￿sle(¢ nuinbEr.- 064197261 a cornpany reg1Stered In En9iahd and W*ts wlh a regisier8d D(fice ol L8ic•siei Grarnmbr School. London RDBO, Gre81 Glen Lei¢e$ier. LÉB 9FL. ftte pnncipli Bcliwlies ol LGS Elllerpiise£ Ltd are Ihe hiTing ou1 ol the SEThool facililles and Ihe Tunning of tne ¢81è. 11 1$ InLended that profrts made by the cofflpèny ¥MII be don3ted Io ihp Tivsi unless requiied for ihe furtherèncp DI tGS EnierprisF Lld's 04*m IFadin9 B¢￿IllE5. Foi rhe year eDoed 31 JDIY 2025 LGS Enieipiises Lld made 8 9iR-810 donallon of £59,640 12024-. £94.8771 ènu h80 Gapila1 and ieserve5 0117B.21712024.- E51.2471 The Tru51ees provideLI an lnill￿ working capJi81108n 10 LGS Enterprises Ltd Io Cover ess8nts81 set-up cosi% en have ad¥8nced 8 lurthei 10 finance the CDnsirucliDn ol lh8 calé Lu3Ths are secdf8d on the assets ol Ihal cofflpany and Iniere51 Is ¢narged ai 6% The Tru51$8S have (eYiÉw&tt IhB Iifjancial lore¢8si ol Ihg cnrnpany loi lurthBI years and ole Sglisfied Ihai Il IB 8 going concprD and ib81 1¢ pxpBcled lo g£nerate a ptolil belor2 donalion5 dufing 2025126 ano Ihoieafter cons￿ld￿lE￿ accouits have nol been pitpared on Ihe wuunds ol Inv•stmeni prDp•rty 2Q25 2024 ValuBIIDD al l Augusi 2D24 280.400 280,OOD Valuaiivn It 31 July 2025 2BO OQO- 280.0 IDveslmenl prDpertle5 con%￿[ ol Ihe LodgeiG81ehouse property ¥1 LGS Sloneygale foi Inveslmenl pvrpos6s and thich ale nci used In Ihe Trust's own aGtiviiies. piimèrily a resldenlial hovse which 15 181 Qui on ihe open markEI LeicÈslef Gr3mma¢ School Trusi 1$ responsible lor Improvernenls and mainlenance r&1 the propethtrs A lormal vaiualv)n ol Ihe propeny prepèrÈO by Ne¥￿in Fallowell a5 3D SepiemD&r 2025. Ths Trustees have a558s$ed an¢ agieed ihe valvolion ol the property In 2025 Pa92 29 Leicester Grammar School Trust NOTES TO THE ACCOUNTS for the ear ended 31 JLtI 2025 IS DEBTORS 2025 2024 Trade deblors Olher dtblors Prep3yrnenls and accrued income Arn￿￿1 Oue from group undertaking 987,116 299,816 407,067 335206 765,797 458.974 417.350 16 CREDITOAS AmouThlS falNng due within one yoar.. 2025 2024 Loans rr8de ciediiors Taxalion and sorial 5ecuriIy c051s Fee Deposit5 Fee$ in 8dvan¢o Oiher crBditars A¢cru81s and delerrEd inGoffje 1,207,J82 B50,931 J08,795 50.124 1,343,152 403.198 638.950 .?11,779 611,973 274.518 32.100 2.076.916 575.663 294.579 4 802 532 5 077 528 17 CREDITORS DUE AFTER ONE YEAR Amoun15 falling Oue amer rrTore knan one ye8r.' 2025 2024 8ank loan School lee deposits FeES In advancp 9.223,797 410,521 1,004,474 10.364 996 431.346 ?.020.014 10 646 192 12 816 358 2025 2024 Lo8ns Ove in In Dne year or 1855 Beiween one and two y2Br$ B¥i4v¥eil twv five y*8r¥ Amèr flvo years 1.2D7,3B2 1,277,175 4,024,421 3,922,201 1.211.T79 1.281.572 3.931.583 5.151.841 10431 179 77 Page 30 Leiceste,r Grammar School Trust NOTES TO THE ACCOUNTS for the ear ended 31 Jul 2025 17 ¢REDIYORS DUE AFTEA ONE YEAR l¢onNnuedl Al 31 Juty 2025 the Trust had two bank loans secured by a deb8Dlure ovBr thB a$5ets ol the charity The orig￿8 lo*n VMS repaypble in 2qu31 ouarteily in51aimen15. Intere81 was pay8Ne 21 1.77% unlil Janu8ry 2025 aThS Ihereaftei $1 s SONIA Tate plus 2 55•A The second loan Wds repayable in monlttly ID5181rn8nls Inleresi 15 paya)le ai b8n% base fate plus 2.95%. 5ubsogueni lo the year end, the Tru$1 entered Into a new loan faulily wilh e8T¢lays Bank. Further details 8fe provided in the Posi 8al8nce Sheol Events nolg. 2025 2024 8roughl low8￿$ R8lea$6d In Iht year Received in year 4.19E.930 275.594 12,07fj,9161 127S.9941 327 i2 . 4,096 930 2,347.626 4.096,930 Parenis may enlgl into an 8greerr¢nl lo pay Ihe schod o nlrnber ol yeors tu1￿￿ fees 10 knance. The money may be ielurned S￿blecl lo specific condilion5 on ihe ieceipl of one lerffj's nOtK¢ Assurriry pupils ￿11] (emain in Ihe sthoJ. advance lees ￿11 be reie852d 83 they fall due Pag8 31 Leicester Grammar School Trust NOTES TO THE ACCOUNTS lor tht ear ended 31 Jul 2025 18 STATEMEMT Of FU14DS AI 1 Au9U81 2024 At 31 J￿V 2025 Gain51 Ip)¢ome Lxpenailure Unie51rpcled lund5 G•neral r•$ervo 17.e14,174 23.467.641 113.124,4481 18,31e 18,175.685 Reslricled funds.. VeslmBn Chaol Funo Neville Rèli Trgvel Fund Oth8T small prize ltsnds 6ursary donaliDn5 Singing Prvze LGJS Friend$ LGSS FrtBn&s Sl Nichdas Hall è¢OUSlic 205 .094 2.739 2fj4.0(Kl 650 12051 4.094 3,099 269.850 635 550 5.850 11901 10.000 1,279 5.700 110,0001 15,464 21 164 Gèneral eursaries Fund 59.640 159.64DI Total re$irit¢ed 287,213 3,019 171.3901 2•8,642 Endowmerii Bursary ftJn¢5'. Edward SmSlh Fund klrs E Srnilh Fund Parenl donations 8i$hop Mort lund The Hon Lady A Bfooks E¢ilh Murphy Foundation John Hi99inDoih&m Fund 29.708 11.426 4.574 10.000 45.391 10,000 18.000 600,000 36,508 1.641 2.609 31.227 11.428 4.574 70.OOD 47.402 10.000 18.000 fjDO.000 3È,374 1.041 1405 91 200 689 200 160 12.000 527 114051 3,454 12DOI ijsoi 112,0001 ¥rg3rel Float Travel Fun Matg3rel Floai Travel Cash 3.2DS Total tndo¥Yrnpnl 767.150 15,901 120,3r41 9.269 772,046 Yol31 fund5 1B.168.637 23.566,561 123,216.2121 27.587 19.246,573 Page 32 Leicester Grammar School Trust NOTES TO THE ACCOUNTS lor Ihe ear ended 31 Jul 2025 16 STATEMENT OF FLINDS Iconlinuédl AI I Augu81 2023 AI ?1 JLAY 2024 In¢om& Expendtliire (los$esl Unie51riLrt8d lur¥Js Gener31 reserve 16.893.258 23.IOJ.995 122.208,e141 25,735 17,B14,174 Re51iicled funds. Ve51menlS Chapel Fun Neville Hall Travel Fund Other small prize luné$ 8uisary don8iions Sin9ing Pri2e LGJS F