Reglstered numbgr.. 02042309
Charity numbBr: 518009
PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(A company limitgd by guarantee)
CONTENTS
Page
Roference and admlnlstratlve details of the Company. Its Trustg9s and advlsers
Trustees. report
Independent auditor's report on the financial statements
Statement of flnanclal actlvltles
10-13
14
Balance sheet
15
Statgmgnt of cash flows
16
Notgs to the flnanciol Stalemenls
17-30

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA company limited by guarantee}
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2025
Trustees
Mr S Brereton. Chair1,2
Ms D Mallison, Vice Chair1,2
Ms V Naik1
Mrs A Cleary1,3A
Mrs P Skrybant3
Rev J O'Brien (resigned 5 March 20251
Miss S Rai
Miss E Cuuer {appoinled 15 October 2024)
Ms H Somerfield (resigned 4 October 2024}1,2
Finance and General Purpose Commlttee
2 Risk and Compliance Committee (incorporating Health and Safety)
Education Committee
Safeguarding and Wellbeing Committee
Company rgglstgred
number
02042309
Charlty reglstered
number
518009
Rogistergd offi¢9
Priory School
39 Sir Harrls Road
Edgbaslon
Birmingham
B152UR
Independent auditor
Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
Wesl Midlands
B69 2DG
Bankers
Barclays Bank PIC
15 Colmore row
Birmingham
B3 2EP
Handelsbanken
55 Calthorpe road
Edgbaston
B15 1TH
Headmaster
Mr J Cr8mb BA Hons. PGCE, MEd lunlil 31 August 20251
Mr B Doherty (from 1 September 20251
Financg Dir9Ctor and
Company Secretary
Mr N Al-chamaa BA Hons
Page 1

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
{A company limitgd by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
GOVERNORS. DIRECTORS AND CHARITY TRUSTEES
The Governors of Priory School Edgbaslon Trustees Limited are the School's charity tnjstees under charity law
and they are the directors of the charitable company. Members of the Governing Body (Governing Council) who
served in office as Governors dudng the year and subsequently are detailed below.
During the year certain activities of the Governing Body were carried out through four committees. being the
following
{1)
{2)
{31
{41
Finance and Gener81 Purpose Committee
Risk and Compliance Committee lincorporating Health and Safety)
Education Committee
Safeguarding 8nd Wellbeing Committee
Membership of Committees is shown above for each Governor.
Page 2

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
The members of the Priory School Governing Body present th8ir Annual Report for the year ended 31 August
2025 under the Chartlies Act 2011, including the Directors. Report, under the Companies Act 2006, together wth
the audited financial statements for the year.
REFERENCE AND ADMINISTRATIVE INFORMATION
Priory School Edgbaston Trustees Limited is constituted as a company limited by guarantee registered in
England, No. 2042309, and is registered with the Charity Commission under Charity No. 518009.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Govorning documents
The School is governed by its Memorandum of Association and Artides of Association, as adopted by a special
resolution dated 3rd October 2023.
Governing Body
The Governing Council is the Govoming Body. Coundl members are elected at a general meeting and must be
proposed by a member qijalrfied to attend and vote at such meetings. in accordance with the Memorandum and
Articles of Association. The number of Council members in office should not be more than 16 and not less than
as provided in the Memorandum and Articles of Association.
Recruttment and trainlng of Dlrectors
New Directors {Members of the Governing Council) are introduced to the workings of the School, including
Governing Council policy and procedures, by members of the Goveming Council. Directors also attend specialisl
external courses from time to time. for example on Safeguardirsg Training.
Organlsatlonal management
The Council members meet as a Board at least five times per annum to detennine the general policy of the
company and lo revi9w its overall management and control, for which they are legally responsible. The Council
will and do meet more often when pressing matters a￿Se.
The Council members delegate day to day management of the School to the Headmaster and his senior
management team, comprising the Finance Diredor, the Finance and Facilities Manager and the Deputy Heads
and Assistant Heads of the Early Years. Preparatory, and Senior Sehools. Together, this group are the key
management personnel.
The Council operates a number of Committees with delegated responsibilities in specific areas. These include
the Finance and General Purposes Committee. the Risk and Compliance Committee, The Safeguarding and
Wellbeing Committee and the Education Committee. The Head and Finance Director atlersd meetings of the
Goveming Council's Committees. In addition. certain members of the Council have specific governance
responsibilities in key areas such as Early Years. Child Protectson, Marketing and Special Educational Needs.
The Finance and General Purposes Committee moets shortly before each meeting of the fijll Governing Council,
specifically to review financial performance. budgets and management accounts. Responsibilities of this
Committee also include Marketing, Facilities. Fundraising and Infrastructural Development projecls. The
Committee makes recommendations to Goveming Couricil on the annual reviews of School Fee tariffs and Staff
Salary scales.
Page 3

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA company Ilmlted by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Employment pollcy
Delivery of the School's charitable vision and purpose is primarily dependent on its key managemant personnel,
and stsff costs are the largest single element of charitable expenditure.
Remuneration policy is set by the Headmaster and Finance Director, subject to board (Council) approval, with
the objective of providing appropriate incentives to encourage optimal performance and of rewarding individual
contributions lo the School's success fairly and responsibly.
The appropriateness and relevance of remuneration policy is reviewed annually. While reviews include reference
to conditions in the education sector generally, the School is free to set its pay scales independently. Here the
objective is to ensure that the School remains sensitive to the broader issues of pay and employment conditions
elsewhere, while adapting to local budgetary conditions.
The headleachels salary is approved by the Governing Council. The Goveming Council has a duty lo detemiine
the pay range and associated salary. Typically this is reviewed on an annual basis and if pay increases are lo be
awarded. The financial situation of the school determines whether staff receive a pay increase. The
headloacherfs salary is also determined following a performance management process.
The School is an equal opportunitles employer. Full and fair consideration is given lo job applications from
disabled persons and due attenUon Is given to their training and employment needs.
Communication with employees continues through normal management channels, in particular through the Daily
Bulletin in which slaff are 8pprised of current issues and of key decisions affecting the school. Whole staff
meetings, which are held temily, include briefings from the Headmaster, Finance Director, and other members of
the senior management team.
Key Relallonshlps
The School is a membar of ISA Ilndependenl Schools Association), AG81S (Association of Goveming Bodies of
Independent Schoolsl, and ISBA {Independent Schools Bursars, As50cialion).
Locally, the School is a member of the Bimiingham Catholic Schools Partnership.
In recognition of its heritage, the School maintains links With the Society of the Holy Child Jesus and with sister
schools in the UK, Europe and North America. The Head of Prep and the Chair of Governors will be attending
the SHCJ conference as invited guests in March of 2025.
We cooperat8 with a number of local organisalions in our ongoing endeavours to wlden publlc access to the
schooling that we can provide. lo optimise the use of our cultural and sporting facilities and lo develop in Ouf
pupils an awareness of the social contsxt of the education that they receive at the School.
The School also beneflls from the generosity of ils parents, associaUon, the Friends of Priory School, whose
close support we greatly appreciate and gladly acknowledge.
OBJECTS. AIMS. OBJECTIVES AND ACTIVITIES
The company is established to advance education by rLtnnlng a School in the United Kingdom as a registered
charity for the education of children of both sexes and all denominations.
The companys principal activity remains the provlsion of independent education for children from Early Years to
Sixth Form.
Page 4

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(A company limited by guaranteel
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
strateglc Aim
Priory School is a Catholic Heritage school which welcomes pupils of all faiths and abilities and is committed to
delivering Success for every child in its care. complementing academic life with perfomiing arts, sports, and other
extra-curricular activities designed to develop self-confidenl and well-rounded individuals.
Our aim is encapsulated in the following extract from our Mission Statement..
'In partnership with parenls or guardians, we provide a nurturing, f8mily-b8se(18thos, along&de high
standards of teaching and leaming, enabling all pupils to achieve theirpolential.,
Prlnclpal actlvlty
The company s principal activity remains the provision of independent education for chlldren from nursery to
sixth form.
Serving the public bongfit
In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity
Commission's general guidance on public benefrt. In particular, the School has continued to support the widening
of access lo our school by pupils from lower income families through tho provision of Scholarships and
Supported Places. However. as the School has no endowment fund, we have had lo maintain a careful balanc8
between fee paying parents and those benefiting from the awards. in order to ensure our ongoing financial
viability and lo support further developmenl of the School.
The Scholarship scheme offers access to our School for bright pupils who excel academically or in areas such
as sport, art, music or drama. During the 202412025 academic year we have again complemenled the
Scholarship scheme with Supported Place awards. which have been means-lesled and which have further
supplemented the Scholarship award in appropriate cases.
The Council viows our Scholarship and Supported Places awards as essential in helping to ensure that children
from familias who would otherwise not be able lo afford the fees can access the education that we offer.
Additionally, awards of Bursaries are made on the basis of parental means or lo relieve financial hardship where
an existing pupil's place might otherwise be at risk. To underfine the value that we place on continuity for
families. we continue to offer sibling discounts where parents have more than one child at the School.
The Trustees achieve the wider public benefit aim by providing use of the school's facilities for a range of
community events and adivities, including car parking for major sporting events al Edgbaslon Priory Club (tennis
tournaments} and Edgbaston Cricket Ground for major match days.
other beneficiaries of this policy this year induded
National Youth Recorder Orchestra
Birmingham Reggae Choir
Short TennS8'. coached In our sports hall under the auspices of Edgbaston Priory Club.
Fundralslng Statement
The School undertakes only limited fundraising activity, and the level of voluntary income received during the
year was minimal. Total donations and legacies amounted to £150 (2024.. £Nil), and no restricted income was
received. These donations were modest, occasional contributlons from supporters and wer9 not the result of any
organised fvndraising campaign.
The School does not engag8 professional fundraisers, commercial participators, or extemal fundraising
agencies, nor doos it carry out large-scale fundraising appeals. All fundraising activity is undertaken intemally on
a small scale by School staff where appropriate.
Page 5

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
{A company Ilmitod by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
The School remains committed to ensuring that any voluntary income is received and recorded transparently and
in accordance with charity law and the requirement5 of the Charities SORP. The School did not identify any
matters during the year that would give rise to concems regarding the protection of supporters, including those
who may be vulnerable. Internal controls over the receipt and Tecording of donations operale proportionately to
the low level of fundraising activity carried out.
The School continues to play an active part in seeking to extend ils Charitable activities to the general public and
is willing lo assist and support in areas of need. We encourage our pupils to be good team playors who are able
to think independenlty and Igad when required and we seek to foster a strong sense of the pupils. place their
local community and wider society.
Our pupils also serve the community by entertaining residents of Sunrise Senior Living Care Home in Edgbaston
with singing and music. Our pupils also serve the community by suggesting charities to support and by actively
engaging in fund raising activities in Support of worthy causes, including
CAFOD
Macmillan Cancer Support
St Chad's
Fair Trade
NSPCC
Children in Need
SIFA Fireside Homeless Charity
Save the Children
Ukraine Appeal
Unicef
Banardos
FINANCIAL REVIEW
Results for the year
This yeaf, the school reports a deficit of £224,644. This is owing to a range of issues. The school now has every
determination incl*Jding cost savings where possible and strategic management of key resources to do what it
can to ensure a better outcome for 202512026.
Priory School staff remain our biggest asset but due to the financlal p8rformance in 2024125 il has unfortunately
not be able to reward staff with a pay rise in 2025126.
Roserves Level and Pollcy and Financial Vlablllty
The school's total reseNes were £859,722 at the year-end. £788,082 of this r6presented the net book value of
fixed assets, leaving free reserves of £71,640. There was no restricted income.
The Council's continuing policy is to seek to have free reserves at a level sufficient to enable the School to
withstand consequential pupil losses of up to 1001ty. The target level of free resources on this basis is
approximately £541k. Our free reserves are lower dL$8 lo a fall in pupil numbers and VAT has played a
contributing factor in Ihls. Ultimately this h85 affeclgd our anucipaled income levels. In temis of raising our
reserves - we ar8 worklng hard to improve our pupil numbers in a variety of w8ys. Extensive and targeted
marketing and reffning our education offer as being one that showcases 'Excellence as Standard, we hope will
ensure our pupil numbers improves. We have also worked meticulously at reducing our costs and that our
staffing levels matches our pupil numbers. Vve have also sought investment and a cash inlection and are
working through that process at present.
Page 6

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA company Ilmlted by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
The Council has reviewed financial projections for the luture. These projections reflect the School's aim to relum
to growth in pupil numbers throughout the school and to increase nel income through modest annual increases
in school fee tariffs while continuing the policy of providing judiciously for scholarships, supported places and
bursaries. Combined with continued attention to credit control and costs, achievement of this strategic objective
should continue to deliver growing surpluses in the year ahead
On this basis. production of these accounts on a going concem basis is considered appn)pri8te.
The Governing Council is aware of wider general threats to the independent education sector in a high infl8tion
economy combined with major changès in taxation policy IVATI There is little that can be done to slop adverse
Changes in public policies. other than to keep informed and to rely on the combined lobbwng efforts of our
representative bodies.
PRINCIPAL RISKS AND UNCERTAINTIES
The Council continues to keep under review the School's aclivilies, the risks that may arise from them and the
internal controls, systems and procedures established to manage them.
Detailed consideration of risk 15 delegated lo the Risk and Compliance Committee. which meets thrge limes a
year and reports formally to the Governing Body. The structure of the Committee comprises two members of the
Goveming Council. assisted by Senior Management.
The risk management process adopted by the Risk and Compliance Committee identifies major risks, assesses
their impact and likelihood and, where necessary. recommends controls to miligale and monitor those risks that
are assessed as high. Miligalion measures include ensuring that appropriate Insuran￿ cover is in place to cover
any insurable risks identified.
The key risks and actions to mitigate those 8reag are as follows:
Rlsks Identlfled
Mltlgatlon
Carefijl financial managementbyGoverTrin8 Council, supported bv
Flnante and General Purposes Committeeand bythe Finance Dlrector,.
Damage to rEPUtation tromfraud. accident, unsatlsfactory
inspertlon reports oradver5p media coverage
ARi5kand Compllance Commlttee ofthe Board with speclfic delegated
responslbllltyfoTHpalth & Safetymeets three time5 a year and reviews
pollcy, practice, and anyincident5 requirlng Board level èttentlon.
Contlnuous programme ofcampus securltylmprovements in place
The ethos ofthe school i5toact promptly In response to external
communScatlDns includingth05e from parent5
Regular revlew ofthe rf$kre￿ster bythe Ris*and Complsance
Committee
RlskA55e5sment5 checked and approved bythe Finance and Facllltles
Manager
Reducticn in pupil numbers
Heavy emphasls on and continuin8 investment In marketln
Close involvementofsenlor management In pupil recruitment process.,
Increased on Improvin8the academ1¢ achSevement of pupils
Page 7

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
{A company Ilmlted by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Other risk aspects."
The Trustees consider the affordability of fees by parents across the independent sector to be the principal
financial risk faced by the School, especially as local competition from other independenl schools ￿MaInS
intense.
The Govgming Council decided not lo increase the school fee tariff for 202412025.
Health and Safety is always a significant area for risk management. The risks generally range from fire and
infrastructure to personal risks Imosl notably when away from the campus on trips and expeditions). The level
and breadth of activity at the School is impressive and the risks associated with all aclivilies are minimised by
thorough planning and risk assessment.
FUTURE PLANS
202512026 will bo another challenging year for Priory School, in which we will continue lo build on our financial
recovery.
Plans include..
Seeking lo build up pupil numbers again throughout the school by use of intensive marketing initiatives
Optimising the use of the of all school buildingslspace
Securing a high cohort value for pupils at the main entry points Iprincipally Year 7)
Continuing to manage our 8Statg in a cost-8ffective way
Using the School grounds where possible for development of the outdoor curriculum.,
Ensuring our cashflow is rigorously monitored to allow the school to function and meet ils obligations
To develop plans further for creating additional income streams that does not rely solely on tuition income
Working extensively to ensure our staffing Costs are in line with the needs of the school and financial
viability
Page 8

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(A Company Ilmited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES
The trustees {who are also th8 diroclors of Priory School for the purposes of company lawl are responsible for
preparTng the Annual Report and the financial statements with applicable law and United Kingdom Generally
Accepted Accounting Practice Iunited Kingdom Accounting Standards).
Company law requires the trustees to prepare financial statements for each financial year. Under that law Ihe
trustees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law.
Under company law the trustees must not approve the financial statements unless they are satisfied that they
give a true and fair view of the stale of affairs of the charitsble company and of the incoming resources and
application of resources for that period. In preparing thes@ financial statements, the Goveming Body members
are required to=
select the most appropriate accounting policies and then apply them consistently.
obseNe the methods and principles in the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent,.
stale whether applicable Accounting Standards have been followed, subjeGt lo any material departures
disclosed and explained in the financial statements.. and
prepare the financial statements on the going concern basis unless It is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charitable companys transactions, disclose wth reasonable accuracy al any time the financial position of the
charitable company and enable them to ensure that the financial statements comply with the Companies Act
2006 and the provisions of the charitys conslrtution. They are also responsible for safeguarding the assets of the
charity and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities.
Relevant Audlt Infomiatlon
Insofar as each of the Directors. as members of the Goveming Body, al the date of approval of this report is
aware there is no relevant audit infomialion of which the CoMpan￿S auditor is unaware. Each member of the
Goveming Body has taken all the steps that he or she should have taken as a member of the Goveming Body in
order to make himself or herself aware of the r&levant audit inforynation and to establish that the Companrfs
auditor is aware of that information.
Approved by the Governing Council of Priory School Edgbaston including, in their capacity as company directors,
approving the Directors, and Strategic Reports contained herein, and signed on ils behalf by:
Mr S Brereton
Chair of Governing Council
Dal
Page 9

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(A company Ilmlted by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PRIORY SCHOOL EDGBASTON
TRUSTEES LIMITED
Oplnlon
We have audited the finanryal statements of Priory School Edgbaston Trustees Limited Ithe 'charitable
compan￿) for the year ended 31 August 2025 which comprise the Stalemerrt of financial aclivilies, the Balance
sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable 12w and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, {Uniled Kingdom Generally Accepted Accounting Practicgl.
In our opinion the financial statements..
give a true and fair view of the stste of the charitable companvs affairs as al 31 August 2025 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended..
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Pradice; and
have been prepared in accordance with the requirfyments of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS (UK}} and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial stslements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council'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.
Material uncertalnty related to going concern
We draw attention lo note 2.2 in the financial statements, which indicates the conditions identified that may cast
significant doubl on the charitable company's ability lo continue as a going concern. Potential low points in cash
flow forecasts create a risk that should unexpected delays in receipt of fees, reduction in pupil numbers or
unexpeded costs occur the School cash resources might be insufficient. As staled in note 2.2. these avents or
conditions indicate that a material uncertainty exists that may cast signrficant doubl on the charitable companls
ability lo continue as a going concem. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the TTUStees' use of th& going concern basis of
accounting in the preparatlon of the financial statements is appropriate.
Our responsibilities and the responsibilities of Ihe Trustees with ￿SpeCt to going concern are described in the
relevant sections of this report.
Page 10

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(A company limited by guaranteg}
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PRIORY SCHOOL EDGBASTON
TRUSTEES LIMITED (CONTINUED)
Other information
The other infomation comprises the infomiation included in the Annu81 report other than the financial statements
and our Auditor's report thereon. The Trustees are responsible for the other information contained within th8
Annual report. OL¢r opinion on the financial statements does not cover the other information and. except to the
extent olhemse expliciuy staled in our report, we do not express any form of assurance conclusion Ihereon. 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 course of 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 this gives rise to a material misstalomenl in the financial
statements themselves. If, based on the work we have performed, we conclud8 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.
Opinion on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the infomialion given in tha Trustees, Report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared In a¢cordaniE with applicable legal requirements.
Matters on whlch wo aro roqulred to report by ex¢eptlon
In the light of OUT knovledge and understanding of the charitable company and Ils ènvironment obtainod in the
urse of the audrt, we have not identified material misstatements in the Trustees, Report.
We have nothing to report In respect of the following mallers in relation to which Companles Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have llot been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and retums., or
Certain disclosures of Trustees, remuneration specified by law are not madg., or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entided to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the TTUStees' Report and
from the requirement to prepare a Strategic Report.
Page11

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA Gompany limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PRIORY SCHOOL EDG8ASTON
TRUSTEES LIMITED ICONTINUEDI
Rgsponslbllltles of Trustoes
As explained more fully in the Trustees. responsibllities ststement, the Trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial stalemenls, the Truste8s are responsible for assessing the charitable companws ability
lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or lo cease
operations, or have no realisti¢ alternalive bul to do so.
Auditorfs responsibilitigs for the audlt of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement. whether due lo fraud or error, and lo 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 delecl a material misstslement when il exists. Misstatements Can arise
from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial slatemenls.
Irregularities, including fraud, are instances of non-compllance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to delect material misstatements in respect of irregularities,
including fraud. Th8 extent to which our procedures are capable of detecting Irregularities, including fraud is
det8iled below..
We obtained an understanding of the legal and regulatory frameworks within which the charitable company
operates. focusing on those laws and regulations that have a direct effect on the determination of material
amounts and disclosures in the financial stalemenls. The laws and regulations we considered in this context
were the Companies Act 2006, taxation legislation. together with the Charities SORP {FRS 102}. We 8ssessed
the required compliance with these laws and regulatlons as part of our audit procedures on the related financial
statement iterns.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on thg
financial statements but compliance with which might be fundamental to the charitable company's ability to
operate or lo avoid a material ponalty. We also considered the opportunities and incentives that may exist within
the charitable company for fraud. The laws and regulations we considered in this context for the UK operations
were The Educatlon Ilndependenl School Standards) Regulations 2014.
Auditing standards limit the required audit procedures lo identify non-compliance with these laws and regulations
to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.
We identified the greatest risk of material impact on the financial statements from irregularities. including fraud,
to be the override of controls by management. Our audit prO￿dureS to respond lo these risks inclsjded enquiries
of m8nagomenl, and the Finance & General Purposes Committee about their own identification and assessment
of the risks of irregularities. sample testing on the posting of journals. revièwing accounting estimatas for biases.
reviewing regulatory correspondence with the Charity Commission. Independent Schools Inspectorate, Ofsted
and reading mlnutes of meetings of those charged with govemance.
Page 12

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA cornpany limited by guaranteg)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PRIORY SCHOOL EDGBASTON
TRUSTEES LIMITED ICONTINUEDI
Because of the inherent limitations of an audit, there is a risk that we will not delecl all irregularities, including
those leading to a material misslatemenl 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 tr8nsa¢lions
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 rgsponsibililies for the audit of the financial statements is located on the Financial
Reporting Council's website at.. ww.frc.or
.uklaudilorsres
Auditoffs report.
onsibilities. This description forms part of our
Use of our report
This report Is made solely to the charitable CoMpan￿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 slate to the charitable
companls members those matters we are required lo slate lo them in an Auditols report and for no other
purpose. To the fullest extent permitted by law. we do not accept or assurne responsibility to anyone other than
the charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Helen Blundell LLB FCA FCIE DChA (Senlor statutory audltor)
for and on behalf of
Crowe U.K. LLP
Slalutory Auditor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG
Dale.. 8 May 2026
Page 13

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(Acompany Ilmlted by guarant99)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDrruRE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted
funds
2025
Total
funds
2025
Total
fijnds
2024
Note
Income from:
Donations and legacles
Charitable activities..
School fees receivable
Anci118ry trading income
Other trading activities
Investments
150
150
4,436,091
309.290
10,270
3.954
4,436.091
309.290
10,270
3,954
4.580. 164
318,888
8,893
9,630
Total Income
4,759,755
4,759,755
4.917.575
Expendlture on:
Raising funds
Charitable aclivili8s
43,521
4.940.878
43.521
4.940,878
59.370
5.283,732
10
Total expenditure
4.984.399
4.984.399
5,343, 102
Net movement In funds
(224.644)
{224.6441
(425,527)
Reconclllatlon of lundg:
Total funds brought forward
Net movement in funds
1,084.366
{224,644)
1,084,366
1224,644)
1,509,893
(425,527)
Total funds carrled forward
859,722
859.722
1,084,366
The Statement of Financial Activities includes all gains and losses rgcogniyed in thg ygar.
The noles on pages 17 to 30 fom) part of these financlal statements.
Page 14

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
{A company Ilmlted by guarantee)
REGISTERED NUMBER: 02042309
BALANCE SHEET
AS AT 31 AUGUST 2025
2025
2024
Nots
Flxed assets
Tangible assets
13
788,082
931,675
Current assets
Debtors
14
1,861,257
318,876
518,552
380,949
Cash at bank 8nd in hand
2,180,133
899,501
Currant Ilabllltlos
Creditors.. amounts falling due wlthln one
year
15
(2,108,493)
(746,810)
Net current assets
71.640
152,691
Total net assets
859.722
1,084,366
Charlty funds
Unrgstrittted funds
19
859,722
1,084.366
Total funds
859.722
1,084,366
The Trustees acknowledge their responsibilities for complying with the requirements of the Act wTrth respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance wth the provisions applicable to entitiés subject to
the small companies regime.
The financial stslements were approved and authorised for issue by the Trustees and signed on their behalf by..
Mr S 8rereton
Ichairl
Dale:
The notes on pages 17 to 30 fomi part of these financial statements.
Pago 15

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
{A ¢ompany lirnitgd by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
2025
2024
Notg
Cash flows from opgrating actlvltles
Net cash used in operating activities
20
(1.656)
{86,524)
Cash flovrn from Investlng actlvltle$
Payment for tangib19 fixed assets
Investment income and bank interest received
120,850) (759,364)
3.954
9.630
Not Cash used In Investing activities
116.896) (149,734)
Cash Ilows from flnanclng activities
Finance costs paid
{43,521}
(59,370)
N6t cash u$gd in flnanclng activitios
{43.521>
(59,370
Change In cash and cash equivalgnts In the year
Cash and cash equivalents at the beginning of the year
(62.0731 {295,6281
380,949
676,577
Cash and cash equlvalents at the end of tho year
21
318.876
380.949
The notes on pages 17 to 30 form part of these financial statements
Page 16

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
General Information
The School is registered as a charity in England and Wales and a company limited by guarantee. It was
Incorpordted on 30 July 1986 (company number. 2042309> and registered as a charity on 6 October 1986
{charity number: 5180091. The registered office and principal place of business is 39 Sir Harrfs Road,
Edgbaston, Bimiingham, B15 2UR. Ils principal activity is provision of sthooling.
Accounting pollcles
2.1 Basis of preparatlon of financial statgmonts
The financial stal6ments have been prepared in accordance with the Charities SORP {FRS 102) -
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance wtth the Financial Reporting Stsndard applicable in the UK
and Republic of Ireland {FRS 102) {effective 1 January 20191. the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006.
The school meets the definition of a public benefit entity under FRS 102.
The functional Curren￿ of the School Is considered to bo sterling because that is the currency of the
primary economic environment in which the School operates.
2.2 Golng conc8rn
The Trustees assess whether the use of going concem is appropriate, i.e. whether there are any
material uncertainties related lo events or conditions that may cast significant doubt on the ability of
the Trust lo continue as a going concern. The Trustees make this assessment in respect of a period
of a least one year from the date of aulhorisation for issue of the financial statements.
The year ended 31 August 2025 has resulted in a deficit for the school for a number of reasons and
this has had the effect of reducing the level of reserves available to withstand any future deficits. The
school has worked tirelessly to become as efficient as possible, and the year-end deficit has reduced
compared to the previous financial year. The cash ftow forecasts which cover the period of the next
12 months from point of approval of the financial statements show a potential low point in cash flow
and that there is a risk that if there were to be any unexpected delays In receipt of fees, reduction In
pupil numbers or unexpected costs, the School cash resources might be in5ufficienl. The introduction
of VAT for Independent Schools is an addition81 factor contributrng to the impact of lower pupil
numbers within the school but also wlhin the wider Independenl School sector.
The Trustees and management havo already taken adions to mitigate the risk which includes careful
monitoring of costs. rigorous monthly management of cash flows, monitoring pupil numbers and
structuring of operations. The school has also Started lo look exlensively at staffing in respect of the
significant cost basis lo ensure il matches the pupil numbers and is financially viable. The Trustees
and managemellt are satisfied from their review of budgets and forecasts and their agreed action
plans that il remains appropriate to prepare the financial statements on a going concern basis, but
recognise that as a consequence of reduced reserve5 there remains a continued material uncertainty
which is not wholly in the direct control of thg Trustees and which could impact the financial viability of
the school.
Page 17

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
{A company Ilmltod by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Aceountlng pollcles Icontlnuedl
2.3 Fees and similar garngd inGome
Fees receivable and charges for services and use of Ihe premises, less any allowances,
scholarships, bursaries granted by the School against those fees, bul including contributions received
from restricted funds, are accounted for in the period in which the seNice is provided.
Fees receNed in advance of education to be provided in future years are treated as deferred income
and induded within creditors.
2.4 Donations.1ggacles, grants and other voluntary Incomlng resources
Voluntary incoming resources are accounted for as and when enti￿ement arises, the amount can b8
reliably quanliffied and the economic benefit to the School is considered probablo.
Voluntary income for the School's general purposes is accounted for as unrestricted and is credited
to the General Reserve. Where the donor or an appeal has imposgd trust law restrictions, voluntary
income is credited to the relevant restricted fund.
2.5 Expendlture
Expenditure is accrued as soon as a liability is considered probable, discounted lo present value for
longer-lerm liabilities. Expendiluie attribulab5e lo more than one cost category in the SOFA is
apportioned lo them on the basis of the eslimaled amount attributable lo each activity in the year,
either by reference lo staff time or the use made of the underfying assets, as appropriate.
Irrecoverable VAT is included with the item of expenditure to which il relates.
Grants awarded are expensed as soon as they become legal or operational commitments.
Governance costs comprise the costs of complwng with constltulJon81 and statutory requirements.
Page 18

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA ¢ompany limitgd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accountlng policies (continugdl
2.6 Tanglble flxed assets and d9pro¢iatlon
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
benefits ar8 probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost mi)del, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into ils intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives. using the straighl-line method.
Dèpreciation is provided on the following bases..
Leasehold Improvements
Fixtures, Fittings & Equipment
- 5 10 20 years
310 10years
2.7 Debtors
Trade and other debtors are rgcognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes Cash and short term highly liquid investments with a short maturfty
of three months or less from the date of acquisition or opening of the deposit or simllar account.
2.9 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 lo settle
the obligation can be measured or eslimaled reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
2.10 FTnancial Instruments
Basic financial instruments are initially recognised al transaction value and subsequenuy measured at
amortised cost. Financial assets held at 8mortised cost comprise cash at bank and in hand. together
with trade and other debtors. A specific provision is made for debts for which recoverability is in
doubl. Financial liabilities held al amortised cost comprise all creditors except social security and
other taxes and provisions.
2.11 Fund accounting
The charitable trust funds of the school are accounted for as unrestricted or restricted income.
Unrestrfcted income belongs to the Schools, corporate reserves, expendable at the discretion of the
Trustees either to further the School's Objects or lo benefit the School itself. Where the Trustees
decide to set aside any part of these fijnds to be used in future for some specific purpose. this is
accounted for by transfer to the appropriate designated fund.
Page 19

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA company Ilmlted by guarantgel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accountlng pollcles (contlnued)
2.12 Pgnsion costs
Retirement benefits to employees of the School who are teachers are provided through a defined
benefit scheme. The pension costs charged in the Statement of Financial Activities are delemiined
as follows:
The Teachers, Pension Scheme- This scheme is a multi-employer pension scheme. It is not possible
to identify the Schools, share of the underlying assets and liabilities of the Teachers, Pension Scheme
on a consistent and reasonable basis and therefore, as required by FRS102, accounts for the
scheme as rf it were 8 defined contribution scheme. The Schools. contributions, which are in
accordance with the recomrnendations of the Government Actuary, are charged ill the period in
which the salaries to which they relate are pay able.
AVIVA APTIS Penslon Scheme. Is a defined conffibution scheme. See Note 17 for further detalls.
2.13 Operatlng leases
Rentals under operatlng leases are charged on a str8ight-line basis over the lease term, even If the
payments are not made on such a basis. Benefits received and receivable as an incentive Io sign an
operating lease are similarly spread on a straighl-line basis over the lease term.
crftlcal accountlng estlmates and areas of judgement
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.
In the view of the Trustees, no assumptions conceming the future or estimation uncertainty affecting
assels or liabilities al the balance sheet date are likely to result in a material adjustment to their carrying
amounts in the next financial year.
Pagg 20

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Income from donatlons and legacles
Unrestricted
funds
2025
Tolal
funds
2025
Total
funds
2024
Donations
150
150
Charltable actlvlties - Foes ra¢oivablg
2025
2024
School fees
Less.. total scholarships and bursaries
5,410.904
{974,8131
5,530, 728
(950,564)
4,436.091
4,580,164
Scholarships. bursaries and other awards were paid to 327 pupils (2024.- 214). Within this means-tested
bursaries tolaling £122.767 were paid to 59 pupils12024.' £172, 135 to 19 pupils}.
The total income from school fees is all unrestricted in both years.
Charitablo adiv5tlos - Other Income
2025
2024
Extras
Entrance and registration fees
Commissions and other income
270,228
36,924
2.138
265,934
51.428
1,526
309,290
318,888
The total other income is all unrestricted in both years.
Page 21

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(A company Ilmlted by guaranteg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Othgr tradlng actlvltles
Unrestrlcted
funds
2025
Total
funds
2025
Total
funds
2024
Lettings
Other
10,270
10,270
4,171
4, 722
10,270
10.270
8,893
Inve$tment income
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Bank Interest
3,954
3,954
9,630
Flnanc8 and other costs
Unrestrlcted
funds
2025
Total
funds
2025
Total
funds
2024
Bad and doubtful debts
Bank charges
33,515
10,006
33.515
10,006
46.670
12,700
43,521
43.521
59,370
Page 22

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
10. Analysls of expendlture on charitable activitlés
Summary by fund type
Unrestricted
fund5
2025
Total
2025
To181
2024
Teaching
Welfare
3,248,983
411,884
744.392
535,619
3,248,983
411,884
744,392
535,619
3,378,213
503,399
808,243
593,877
Premises
Support costs and governance
4.940,878
4,940,878
5,283,732
Summary by •xpgnditure type
Staff costs Depreclatlon Other costs
2025
2025
2025
Total
2025
Total
2024
Teaching
Welfare
Premises
Support costs and governance
2,993,698
255,285
411,884
294,561
189,073
3.248,983
411.884
744,392
535,619
3.378,213
503,399
808,243
593,877
285,388
346.546
164,443
Total 2025
3.625.632
164,443
1,150,803
4.940,878
5,283, T32
Total 2024
3,803,302
168,335
1,312.095
5,283, 732
Govomanco Costs included in support costs".
2025
2024
R8muneration paid to auditor for audit SeTvices
Statutory accounts production
Other govemance costs
12,650
11,825
875
44,006
13,590
56,706
Page 23

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
11. Staff costs
2025
2024
Wages and salaries
Social security costs
Contributlon to defined contribution pension schemes
2,887,146
307.353
431.133
3,094,420
278,990
429,892
3,625.632
3,803,302
Included within wages and salaries is supply staff costs which amounted to £1,450 (2024.. £127,610)-
Aggregate employee benefitg of key management personnel £769,173 (2024.- £720,708).
Redundancy costs of £27,590 (2024.. £Nil) wore paid during the year. There was £6.451 (2024 - £Nil)
outstanding al year end.
The average number of persons employed by the Company during the year was as follows..
2025
No.
2024
No.
Teaching
Other activities
82
18
85
21
100
106
The number of employees whos8 employee benefits (excluding employer pension costs) exceeded
£60,000 was:
2025
No.
2024
No.
In the band £60.001- £70,000
In the band £70,001- £80,000
In the band £150,001- £160,000
12. Trustees. remuneration and expenses
During the year, no Trustees received any remuneralion or other benefits {2024 - £NIL).
During the year end8d 31 August 2025. expenses totalling £215 (2024 - £NilJ were relmbursed or paid
directly to 1 Trustee (2024- £NIL to Tnjsteg).
Page 24

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
13.
Tangible flxed assets
Fixtures.
Fittings &
Equipment
Leasehold
lrnprovements
Total
Cost or valuation
Al 1 September 2024
Additions
2.100.947
4.985
927.839
15,865
3,028.786
20.850
At 31 August 2025
2,105.932
943.704
3,049,636
D9preclatlon
At 1 September 2024
Charge for the year
1,330,583
158,729
766.528
5,714
2.097.111
164.443
At 31 August 2025
1.489.312
772.242
2,261.554
Net book value
At 31 August 2025
616,620
171,462
788.082
At31 August 2024
770,364
161,311
931,675
14. Debtors
2025
2024
Trade debtors
1,761,891
59,004
40,362
414,305
17.740
86,50T
Other debtors
PrepayTnents and accrued income
1,861.257
518,552
An impairment loss of £33,515 (2024.. loss of £46,670) was rgcognised against the School Fe8s debtors
during the year.
Page 25

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA company Ilmited by guaranloo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
15. Crgditors: Amount$ falling due wlthln one year
2025
2024
Deposlts from parents
Trade creditors
Fee's rgcaived in advanced
Taxes and Social Security Cost
Deferred income Isee note 161
Accruals and other credltors
139,046
74,747
206,634
338,200
1.218.414
131,452
136,946
156,478
230. 155
74,013
t5,870
133,348
2,108,493
746,810
16. Defgryed Incorne
2025
2024
Balance as at 1 September 2024
Amounts released to incoming resources
Amounts deferred in the year
15,870
221,085
{15,870) (221,085)
1,218,414
15,870
Balance as at 31 August 2025
1.218,414
15,870
Deferred Income comprises of school fees billed in advanced.
Page 26

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
{A ¢ompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
17.
Pènslon commitments
Teach8rs' Pgnsion Scheme
The School participates in the Teachers. Pension Scheme (England and Wales) Ilhe TPS'I for ils
leaching staff who joined pre 1 September 2022. The pension charge for the year includes contributions
payable lo the TPS of £256,067 (2024.. £268,037) and at the year-end £28.409 {2024.- £33,603) wa8
accrued in respect of contributions to this scheme.
The TPS is an unfunded mulli-employer defined benefits pension scheme governed by The Teachers,
Pension5 Regulations 2010 las amended) and The Teachers. Pgnsion Scheme Regulations 2014 las
amended). Members contribute on a "pay as you go. basis with contributions from members and the
employer being credited to the Exchequer. Retirement and other pension benefits are paid by public fLJnds
provided by Padiamenl.
The employer contribution rale is set by the Secretary of Stale following scheme valuations undertakon by
the Govemment ACtua￿S Department. The most recent actuarial valuation of the TPS was prepared as al
31 March 2020 and the Valuation Report was published in October 2023. The Valuation Report shows
notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.
The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme
administration levy of 0.080A giving a total employer contribution rate of 28.680/0.
NOW Pansion scheme
The school participates in the NOW pension scheme for its non-teaching staff. The pension charge for the
year includes contributions payable lo the NOW of £40,883 (2024.. £41,966) and al the Year￿nd £4,558
(2024.. £4.098) was accrued in respgct of contributions lo this scheme.
AVIVA APTIS Pension scheme
The school participates in the AVIVA APTIS Pension scheme for ils teaching staff. All teachers joining on
or after 1 September 2022 will automatically be placed onlo the APTSS scheme with an employer
contribution rate of 17ts/0. The pension charge for the year includes contributions payable to the AVIVA
APTIS of £133,624 (2024.- £107,264J and at the year*nd £9,421 (2024.- £17,079) was accrued in respect
of contributions lo this scheme.
Page 27

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
IA Gompany Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
18. Opgrating lèase commltments
At 31 August 2025 the Company had commitments to make future minimum lease payments under non-
cancellable operating leases as follows..
202S
2024
Not later than 1 year
Laler than 1 year and not later than 5 years
Later than 5 years
10.250
18,000
153,000
14,537
30,609
157,500
181,250
202,646
The followng lease payTnents have been recognised as an expense in the Statement of financial
activities..
2025
2024
Operating lease rentals
10,250
14.537
Page 28

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
19.
Statoment & summary offunds
Balancg at 1
September
2024
Balance at
31 August
2025
Income Expondlture
Unrestricted funds
General Funds
1.084,366
4.759.755 14,984,399)
859,722
ststoment of funds- prior year
Balance at
I September
2023
Balance at
31 August
2024
Incom8 Expanditure
Unrèstrictsd funds
General Funds
1.509,893
4,917,575 (5.343,102)
1.084,366
There wer8 no restricted funds held in the current year or prior year.
20.
Reconciliation of nat movemènt In funds to net cash flow from operating actfvities
2025
2024
Net expenditure for the year (as per Statement of Financial Activities)
1224,644) (425.527)
Adjustments for..
Investment income
Finance costs
Depreclalion charge
Increase in debtors
Increase in creditors lexcludlng fees in advance and deposit)
Increase in fees in advance scheme eredilors
Increaselldecrease) in parents deposits
(3,9541
43,521
164,443
11,342,705)
180,560
1.179.023
2.100
(9,630)
59,370
168,335
(23.728)
141.366
23.970
(20,680)
Net cash used In operating activities
11.656)
(86.524)
Page 29

PRIORY SCHOOL EDGBASTON TRUSTEES LIMITED
{A company Ilmltod by guarantoel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
21.
Analysis of cash and cash gquivalènts
2025
2024
Cash in hand
318,876
380,949
22. Analysls of changes In ngt debt
September
At31
2024 Cash flows August 2025
Cash at bank and in hand
Fees in advance
380.949
(230,155)
{62,073}
23,521
318,876
1206.634)
150,794
138,5521
112,242
23. Contlngent assets
Priory School Edgbaston are entltled to recover VAT on certain historical asset purchases, the valu9 of
this claim has not been quantified as al year end.
24. Related party transa¢tions
The Company has not entered into any related party transaction during the year, nor are there any
outstanding balances owing be￿een related parties and the Company at 31 August 2025.
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