REGIsfERED COMPANY NUMBER: 00975999 IEtsgland and Wllles) REGLYIERED CHARITY NUhlBER: 528618 the Stttements forthe Y EDdtd31 5t 2025 ARLET TRusr EDBY ST18 OFZ Contents of the Fmwiciai for the Year Ended 31 Rwrt ofthe Trthees 2 to 6 Report 4)f the Indep￿dent Audito 7 to 10 Ststement PositioD 12 St*tementof C*sh 13 NrJtr4 to tbe St*tement of C¥sh TrIow5 14 15 to 25 26 to 27 THE YAIILET TRU tfrTence and A forthey ded31A 21125 Mrs J Belleley (Cbir) Mrs C Jeokntsth (re5ign&l 1.924) JJELtfroy Mrs S J Br*£h Mrs E J car￿ight M G Pickering Mrs S Goslett S C Griffiths Ms J Scobie Mrs S C Eythld (apputtgJ22.9.25) REGISTERED OFFICE Yarkt SC￿￿ Y*let sr189SU REGISTERED COMPANY IMP)75999 (F￿ a￿lWa1¢S) 528618 AUDITORS StabJtoryAuditors Stsfford ST180FZ I M Raylxmthl BURSAR KNixoD flw the Year Ended 31 A 2025 the finattcial stat¢ments of the ¢hatity for th¢ y¢ar cnd¢d 31 Aw 2025. Ib¢ tswtees haye adoptrd the provisioDS or AccouDting aud R¢porbllg by Chwriti¢&' Ststcmcnt of RecoDuDcnded Practice applicable to charititt prepaxing their attounts in accorda￿¢ with the Financial RqrtTrrting StaTthTd appliL¥ble in the UK and Republic of Ireland (FILS 102) (effective l January 20191. The Yarlet Tnjst is a chan"tsble company linll.trd by guataD*e alld w&$ set up iti 1970. It is goV¢rn￿l by its articles of associatio￿ and its (￿j￿ts aT¢ to provid¢ ¢ducation for thildr¢n at Yarla SCI￿L OBJEcfivES AND AcmirriLS Objeetlves And Almg The ViSiOD of the GoveTTh)rs is to be the "Indepatht Preparatory School of Choict" in Stafford8hire. and our rnission is to provide a fijrt environmeni whthe cbildrcn arc happy. nurtuted a￿1 enc4xryed to xhieve ￿ the of their ability in all arcas of school life and lo ¢nsuT¢ th¢y thoroughly pr¢p8r¢4 f(K th¢ nexi sthge oftheir r￿ucatiOn. To a¢hieve thi& in 2021 the Govemors approved 1 5.yCaT Stiate8ic Plan with a on the stsate8i¢ objeetivcy sbown E¢low'. Achieving Full Potential - Pupil development is focused on enablin8 all ts ￿hleYe their full x¥lemically, physic￿ly. emotionally and spirstually. - IOOO/o of Ye4r 8 pupits ￿etIve att offerty tt*tr Istehoiee of xlkn)l. . Sthff. teaching and suptrf 8r¢ provid￿￿ with develop￿1 ￿Owth oppxtimiti4 i¥Jth perxjnal and professional, in accordan¢e with agreed obje¢¢ives. . Provide aTh effective remuneralioD package tr) attra￿ and reuin qu￿lty stsff. Pupil Growth . To sustaiD and cunelli pupil llumbe - Incre88¢ the visibility #nd a¢ccs5ibility of Yarlct amon8St the Stsffrffthbire ¢omrrity thrwb.. . Increased mlrketing and cha]lenBÉn8 [*rceptiOr￿ acTr￿S the cowlty Provision of School tIans￿rt acn)&q mu]tiple rou . Conununity engagement within SthfTor¢ Stone and IT￿ tsf￿ti￿ ¢xwion. - Accessibility for di5advHnta8cd pupi15 through ￿1￿1￿￿$b￿ aTMI bursary OutstAnthB Facililie . Develop the ¢wnpu$ to provide outstsTMlin8 facilities attraci retsirt alld itwire wils, pmts and staff. . E%rate review focwed oo ￿51.[C￿NI0n at¥J tnaxiriw of exkstiD8 f¥ililie& - Address outstanding re&ttive Mainten￿Ce iwM. . lrnplement effective lonB.tenJJ PTEventstive planDm& Fillancial stth.lity . Ensure Yarl¢t nMinthitis financi￿ 5tsbilitylsurplus thrn￿8￿ efftthive plaDnin& thvdopment and iDvestm¢nt for the long-trrm. - 1DVc￿]g8ts the Costs atsd benefits of a long-1¢35¢ agTe*ment f￿the sch￿1. In 5ettin8 our objtttives plannin8 our activtties the Govttnots haye 8iven ¢ar¢fid collsideration to th¢ Charity conu)￿l0￿,5 genernl guidance on public bellefit and in particular ty its sw)plcnThtary pJJbkn¢ iKD¢fit 8uidance o adv8n¢mg education &KI on fee cb 31A 21125 PubJAc benefjt The Governors mainlaiD a wjb.cy of c￿tin￿ Tevicw of ways in which The Yartet Trust can practicably otTer c]JaTitable benefits to the publi¢. Proll￿1 amoug these is the of Ixwie& which the Sch(x>l has for rnany years T1￿ aYat]abl¢ for childrEn from low incomc fatniliffj I￿]￿]I￿g two which are offered to chilthEn enterimg the School ia Year 7, which are each ]iTJked to C¥XLtiTJuing bur5an.es provided by Sellior Schwls up to Year 13. During the academic yrar 2024ll025 15.VA (202312024 13.l•h 2022r2023 15U/o ) of fee income given as a re￿IssIon to illclude bursaries ond scholarshy. It also remains th¢ GovernoT5' rolicy that l(Tr] sch￿]S. $￿Tts org2nisatiow a￿1 tOmUDity g￿Up5 are o£fer¢d th¢ use of the School's out(kw and ij¥knr facdities. The Board iDten&s kn expand this in the Coming year with furtller iDitiativ¢s and offer of facility use. particu]aAy in the area8 of sport and musi¢. Furthrnre. schwl s]JaTas its musical and sp)rting excellence by inviting %lKM)As to PTticipate a 5aics of •ition% workshops at)d Ferfom8nces. Duting thc Sytt)ts￿ hoIiday$ th¢ S￿￿1 available its facilili¢s to The NeTr1)￿ll Holiday Tnts( a chan.ty whi¢h providcs respiie I￿1]dayS lalld 50 respite (or ￿ts) for cbJIdtth with dithiiities wial ne&t ag￿j ¥16. Thi5 was at¬ioDal ¢kng< alm￿ at C4)vaiDgcosts ¢mty. The Governors are ple&%ed tt> etteowe ard s4y)rt 5ch(K)I stsff wljo vollllltecr. For ¢xathple. cach terni The di5abilitie& VolNnteers The S¢hool is wista by very a¢tive Wdrents. ¢itlxet througb ttr¢ Fund Raising Comtnittee IAJ other r• aTMI the assistance so 8enernu8ty givffl in tim4 exptti%e aod fimd rai%in8 results iD pn)jects which wou]d not be othe￿ise The c]Mity bad the supwt of seven v0h￿*￿S ye4r. attend￿ the sdKKII to offts s• with are4s such as pre prq) readin& and sp)ns trips. Charitsble #ctivitios The tnost recetjt ISI EthicatioJJal Quality knspeth.oll in April 2018 and we were rigbtty deligbted of the 'excellent" grddiD8 for pupils, r*rsottal developmettL AdditÉoJRUy, our ]at¢st (Noveu)beT 2022) R¢guiatory Con]plianee twwtion e Sch(M)I's perfonuaTLee in all areas Contin￿$ outststhg with all leavers ￿E￿illg ellty to thejr fjtst choice of 5ellior school. Yarlet has coutiDued to wovide a ftfsl cJa4 all-tOLttJd ryknion aDd has mail)ts￿ed an excellent acbievements are a dtrect result of vigoTt>Usly purslliog a cornpr¢kn"ve Sch(x)I twvement Plan wkn.cb 15 conlinually A high number ofpupils leav¢Yarld vrith E￿￿knitiOnS or S¢holthips to thelrrestrttl￿ senior sdwl&" The Sratem¢Tht of Firthncial AL#ivities for the year is set OTrt on page I l of the f￿￿￿181 F￿￿Ill8 for the main activity of The YaTlet TnLSt is by chwg ￿1110￿ fees foT pupil& F￿dIng for illtproveroellts is rnet ]argely by fiuld raising activitie5 alwj donation5. As & cljarity the parents of our p￿￿T15 have the ak%urantt all the i￿>￿¢ of tbe School ull]st be applied for educati0z￿l purpose5. As an eth￿ati0t￿ clwity we o)jOy Cowoll t&x exemption on our edU￿t0]Ial activities. Th¢ The Charity had an unrestricted nd deficit of £130.443 for the Y￿ a tra[￿fer of £82,958 fiDm RestriGted Fulld resulting in a net threase of £47,485 on utiremricted fimds. Tr CTr￿1ty had Rstri¢ted net income of £78.769 before a transfer of £82.958 tt> the urttestricted rasc¥ve. rcsuibng ill a net de¢trase of £4.189 on r&stticted Th¢ tt3L8fer T¢latesto uDrtttrict¢d a&8ets vIa￿￿trIc￿￿ fu the Trustees FThANc￿ RE￿￿w Re5erve5 policy well as to inv&¥t in irnprovements io equiprtient attd facjlities wheThtrw&sible. Unrestricttd r&serves of 1.031.433 wrtE kld at 31 August 2(125. liestricted Reserves of £30522 were held at 31 Aw 2025. Coing concern Followillg a review which Lwefully ¢onsid¢rcd two kry aims withill its >year Sttatwc Plan.. our aim to relljain financiaily wn)pett"tive alld out al￿ ts> maintain fir￿cIal stabtlity and tsken togethtt with existillg financing facilitie& which include a loatt Natwest uud¢r th¢ GoV￿￿eS CBtLS. drawn down on 11 Novellkn 2020, and a cootinu]ng overdraft facility. the Trustees ￿lIeVe that the fina￿lat Statefft￿ have becu prepared appFOPtiately on the going a)ncern E&sis. IxM)king fimvard ￿ 2025r26 aThl bcyoTxL The Yarlct Tr￿rf vrill eontittue to ensure the biglKst stsndths in the thcatii)D it provides. h fllrt￿￿￿e of the Tnds stratrgy alld in ordLT to meet its cbarithble objective& the Governors will CODtinue to rnoD]toE the llnpleTnentation of the Strategic Plao and the d)j￿tiveS (Krt]in¢d aix)vc. They will ajso continue to Mo￿ltOreduCatiOll 5taudarth at the SCh￿)I seeking Improvements vknerevff wible. increasingly se¢kitig 51.wc¢k cknldcare. tarlier start titKs. and ￿0￿¢ tI¢x5bk fi￿dIllg ￿10￿$. As Yarlet Sch￿1 is Lukble to offer th￿¢ services ￿thill its ￿￿[¢llt SttWtu￿, govetllOT5 recogni5ed the necd foT Out prtsvision to evolve in line with the cbaoging dell￿1($ and expectatio￿ of our con]Jwty. CoLwcThdy. from septe￿bff 2025. gover￿Ts have decided to ceA8e cyttating ptr*hty)I cla￿. with these year movillg under the owjagement of a ILKaJ day nursery OD Site. Jn plauDing this traILsitio￿ gov¢rn¢)rs have tsken Considetable sty to enwre that tbe llew o￿ator ￿h0]d5 a fomi]iar ethos aad ¢tslltillU¢5 to provide a highly nunuLing Attlw)ugh the pre-school DO loE]ger fall ulld¢r the direct leadet5hip of Yar]et sch￿1. the sch￿1 wi]1 renjaill t1(￿1Y rDvolved arml will TAgorously monitor the Goyerlling d￿￿n￿rAt The chaTity is collttolled by its gov¢rning th)cullrt ATticl¢s of A&YLiatiw a]￿ c4)tithbts a limited Couwy, ]itnit¢d by guardDttt, &8 dtfined by CoTDpaDie5 Act 2{M￿. The Gov¢tnOT5 are reqwred by the Articles of A&sociation to be Membe￿ of the cowy. Tht Articles fitrtbcr PTDvide that thue ￿ a mitsimum of 7 GovemoTr and that eath Governor may serve for a Of 3 year5 and be ell￿bIe to stalld for relicy ofthe Sch￿1 a￿a review its overall management attd control. for which Govern￿$ legally Ewible. and wlxeax it 15 lle¢￿52ry, the Board 15 supported in t&8k by th¢ work of SuF*O￿tte£S a￿￿Or workin8 Pthe5. ajso meet ￿gularlY. hav¢ clear tenns Key mall#gement remuDerxdo We have re8aTd to n*ionaUy publisW pay scak% wlKn s¢tring key rnana8em￿t rnUDeratiO￿ These scal¢s are reviewtd annually alld by the Governory. rt of the Trusto 31 Risk maknagement The Governojx nTraitttain a￿11¢Y0f Cont￿)￿ rtwiewof the tDaiorrisks to which The Yarlei TTLLSI is eXIm￿ Systelljs have been ¢kv¢loped aDd to ￿ devdoped kn mitigate exp)suYe. The Governo￿ monitor the effectiveness of the system of int¢rnal COlltrol4 indthg Ins￿[￿ cover appropEiate, by which risks can be best mitigatsJ. from September 2025. ExfERNAL RELATIONSHtps The day to day nnjnitig of the StltlM)l is de1C￿*d to tbe wkn is s14Jt￿rt￿ by other mcrnI￿r$ of the senior which is to promote aTMI matntsin ststmkn iti ptrparthry SCIKK)￿ In ￿ltiOn the Yarlet khool is a membEr of the Association of Governitig Bodio of Illdepetht S¢hts)]s (AGBIS). which supm aJJd advises governing ix>th"e$, and ofthe JDdeperMlent Sch(K>ls Bursats Ass￿latIon OSBA). wbitbprovide5 valuabIe fillatic1￿ advice. Th¢ School operates with a v/ide wge of loc￿ cknies atrj other o[g8DiSat￿ns in seekit)g to wid¢D public access to the U￿10￿ it provides. to optiDJise the wc of rts facdits.es aDd kn make IL8 pupils D￿re awdr¢ of the 5(xial context of the educatiou tbey Eceive. srATEMENf OF TRUSTEFS. RESPONSIBILrnES The Governors are ￿lbIe for prepariug the Rep)rt of the Governor5 the fill￿rial S¢at¢mfflts in ae￿rdance ith applicable law and UJ)itcd Kingdom Accounting SiaDdard8 (Ullitejj K￿8th)rn Gwally ALXCPted AcCo￿tillg Practire). Coropany law rquires the Governors ts> Prep￿ fillattci￿ e*h fiDancI￿ ycar wbj.cb give a Ime and fair view of the state of affau5 of the clwytable cmnpany aod of the ￿ resoLTce5 and apph"QtioJTr of rnourt¢4 the Governo￿ are required to . scl¢¢t suitable accOw￿l￿g￿)IIc7e5 attd apply them (x)Thsithtly. . obseNe the metho¢h 2nd principles ID the CFthrity SORP. . rnake j￿d8¢M￿Ls aDd £stirnates thatare r¢&sonableandprth¢ . prepare the finaneial statements on the goiDg &)D¢ern FAsis uDIw it ts iwworn to pr&wrn¢ that the clwilable ¢oJwwill contitiue in busill￿. time the financial rK>sition of the £t￿ltable cOu￿Y and to cnable thenx to ￿ that the fi￿￿la1 statements tomply Wtth the Compatties Acr 2(KIO. Thcy are aIw WK>Dsible for s&feguathg ￿ a55ets of the ¢harirable company and hence fortakiD8Teasotsable steps forthc preveotion and ¢kn1￿ of fra￿] and cthrittegu . is ￿ relevant audtt tnforntatioa orw￿"¢h the cknitable ￿.5 awlttors are and . the Govemots have taken all steps tlk8t they oughi to have tthn to Djth th¢uksefves aprdre of ally relevaDt a)th"t iDfonllatiott and to establish that the aUdit￿58[¢aw￿c of tl4t wforDJa(i GOVERNORS RETIRtNG BY ROTATION AUDITORS ]be audito￿, ThE YAIILET TRUST Report ofthe r•rtheY Ended 31 A to small CO￿panies. Approved by order of the b)ard of t[￿ste¢S on.... . and signed on its bdJaJf by: ley-T ftheln t to the Membtrs of OpiDAoll We have audited the f￿￿￿la1 staternents of The Yarkt Ttust (thr 'GlJarithble company) for the year ended 31 Augusi 2025 which comprise the stsrellTht of FiDawiaI Activitie& the sta*￿ent of Financial Posits"on. the S1aternenl of Cash Fl¢)ws and note5 to rfje fjnaDciai statrmtmts. I￿1* a summy of sigmfi¢gnt aetounting SK>Jicie$. The financial rwrring framework that Ftto apphed its tbeir preparati￿ is applicable ]aw attd United Kingdom At¢ountittB Standards (Unittd Kmgdom Cxnerally Accq)t&l A¢counling PTrctice). give a trne and faEr view of the state of the charitable con)p24￿S 8ffaiT5 as at 31 Aug￿$¢ 2025 atMI of its incori Te50ur¢es and application of resources. in¢ludiDg its iwTrme alldext*nth"ttwE forthe year tben etxtsl. . havc beenproperly prepared in acconbllce with Dnited Kingth)DJ GeDerally At¢Wed Ar￿￿n￿llg Practice. and Bas￿ for OPiniOD We ¢onductyJ our audit in ￿rd￿ce witb ItttenthtiOTd Statthtth on A￿l￿ng (UK) OSAS (UK)) a￿d applicable law. Our respollsbi iIities under those gandarth are further described tbe A￿]￿Ts, rwnsibilities for the audit of the fjnancial statetllents section of our tEm We are mdeFentht of the chkn"tablc cl￿npanY in accord￿ with tbe ethical r￿ul￿ents that are relevallt to our a￿j11 of the fjnaDcJal Slateme￿￿ in the UK including tbe FRC'S Ethi¢3J Stsnda Cottelusions reiatingto going tottcern auditing the finaikcial sthielltents. we have Concl￿ that the of the going coneem basis of accouDtitig in thaL individually or CA)lleetively, TTJay casi sigDificaDt th)ubt on the charitable tom[*x￿5 ability to conlinue as a going 5eciions of this repo Otheritiformation explicitly stated in our repor4 we do ￿t ¢Ep[￿ any fffln 0fasgrantrc￿c]US1tsn connection with our audit of the finaocial state￿￿ts. our I￿0￿1b]knty ts to read the other infoEll]ation and. in doing SO, ¢OIh5ider whether the other iJJfonDation is T]Wtai￿Y Inc0￿51sten1 with the knial statements or our knowledge obtained In the audit or otbenvise apr*£tS to be Jnthialty MISSts￿ If we Identify suth ￿￿te[la] inconsistencies or fiJwJcial stateTllents the]nselv&8. If, based on the we have pttfonDe& w¢ Co￿l￿de that there is a Tnateri Oplllion8 On t)ther matters prescribed by the Cumpanits Ad 21M16 Ill our OPiDi0￿ b&%d on the wotk utkn in th¢ ¢outse of the audit: the inforn￿tiOn given in the Re￿rt of the TnLStees for the knial yeaf for vkni¢h the financial stakjneots are prepared ts ¢on515rent with the fit*o¢ial statementy and Pa8e 7 the dent rs t• the Member5 of Matters vlljieb we gre req￿ired*0 report by Èx¢epl In the light of the knoWI￿ge and Ullder￿8 of ¢baritabk rompally attd ts ¢nY1r0D￿t obtsined in the cOU￿e of rf, in our op]nion: . adequate accounting retords have IMi kqjt r¢lurns adequ* fr our audtt have not beu ￿1Ved frorn branch&s not vtsited by us." or c¢rtain discloswES of tnJs*es' reIlluDerati¢)D 5ttttheAI by law are votrnade,. or we have not ￿elVed all the infort￿l0￿ and exp1all￿10￿s we require forouraudi¢ or the tntste£s were Dot eniitied to take advalltage of the 5ttwll con1p￿£S extinption frolll the wuirernent to prqKre a Strategic Report or in preFwiD8 the Ry)rtofthe Tr￿. Responsihililies of trnstees As explained more futty io the Ststernent of TnL*¢s' Re5tx)tt8il>Elitie4 the tnts are also the directors of the ban'table Gowy for the puoxw of comtAuy law) ate rwible fw the prepat*ion of the financtal 5tat¢ments atml for bring satisfied that tbey ￿Ve a true and fair view, and for such inietllai control &s the trnstes deter￿]ne is necessary continue as a goiJkg coDcery dI"s¢l(￿Illg, as applrcabl4 matters rel*ed to going cor￿1 and wing the going concern b&si5 of accoulltillg unless the tNstees either illt￿d to the clJarit¥ble cotwy or ty [r￿e op¢￿liOnS, ¢x have no Tealistic alte[]￿tiVe Imttto do 50. dent Audtlors e Yxrlet bers of Our re5ponsfibilKtKs forthe amdil of the fith*titi￿ statements (h]T objectives are to obtain r&t%(mable ￿￿[allee aknut wljets the fttwri81 staten)ents a whole are fr¢ fro Opinio￿ R¢a50nable &SSUTtr]G¢ Es a hR"Eb level of a55ufdnce. but is not a guardDtr£ that an audit tondjjcted in affordance with ISAS (UK) will always det¢a a mataid miwat¢ment wben it exist& Misstat£ments con arise from fraud or eTror IEregU]atlti￿. includjng ftau(L are tnstsw of non￿lIal￿t with la￿ alld Tegulations. We design procedures iti ITne with our reSpo￿TrIlItieS, outliDed 3boYe. to detcct Materi￿ mis$￿ts in res￿ of ÉEregll]arities. including frau A5 part of the plallDing pr(￿. the risk of IT￿gUlaritieS and fiall￿ and any insth[￿ of orwsFtttyJ frau(L . We obtain att ullder5tathg of the leg￿ and frarnewl￿ applicable to the charitable ¢owy. - We consider th¢ i[LCentiv￿ and ¢)pp)rtuntties tb* eAiSt in the ¢ban"ty. inCI￿ling the extent of mallagejn￿t bias. which . UsiDg ktm¥led8e of the rlwrtable company. togtther with d&scu&qoDs h¢ld with tbe chan.ty at the piannillg stage, w¢ fortn a concl￿10￿ oll the risk ot TW5Statement due to iryrgulwitits ]Dcluding fraud tailor audit pr(￿￿￿TES The key pr(*£d￿￿e und¢n8ke io dctect I[re￿an11¢S inchmling fra￿1 duting the auth"t it￿l￿d& - Identifying and testing jou[[￿ ¢ntrie5 and the ovtzall accoLmliJJg recor4 ID Particular those were significant and unusu￿. estimates. . Ttsbllg k¢y iticome lill¢& including ￿t￿lff. forevideti¢e Of￿ana8￿￿￿t bia5. UnrtstrietedFuHd5. . Obtaining third party confiTtnatiOD of rnaterial bank balat . Reviewing d(Kumenlation suth a¥ the ¢lwity IKbaTd minDte5. cO￿denCe v/ith solicitor4 for evidettc¢ of irtegu]aTitie5 Includti￿ fraud. Bttause of the inherent litnTtstiott8 of att authL there xs a risk that we will not de￿ all I[re￿￿￿ltieS. including those re that eomp]iane£ with a jaw or Yegulation is rett￿yed from the events and traW&¢ioDs seflected in the finallcial irte8u]arities oCcurr￿g due ￿ fraud rather than ern)r, as fra￿1 involvas i1￿¢￿tional cmcca]D￿L forgery, collusioT A fits dwiption of our wonsibi]itios tOT the audit of the siatrnts i5 lo￿te￿J on the Fiuancial Repthting Council's website at www.frc.org.uklau¢b"l0r5re￿ib]I1ties. This dtscription follD5 of our Rep)rt of the Jwnt Audiwts. rtofthtln ndent AudKtors to them The Yarlet Trust of Use of report This report is made sol¢ly to the cbaritsble cowys membets. a Ertxty. tn &cord8nce with Chapter 3 of Part 16 of th¢ Conwarries Act 2(M)6. (h]r 0￿j1t work has undert&eR> so that we might state to the dwitabl¢ cOmp¥n￿8 Tllembets those mattets we are reqwrtil 10 5tste to them xti an auditors, rtport a￿j JTro othet purrxjse. To tbe ￿lIeSt extent perlljitted by law. we do not accept ot assume respouslbility to attyoD¢ other tb8n the Ch￿itable COJJVDY and the cP￿rItable compan￿5 menthers as aiKKfy. forour audii WOTL for this repor¢ orforthe opillioLs wt have fonned. Adele Lawt￿ FCCA (Senior StsttTtOryA￿itr￿} for oll E*half ofLawton Br2dford Chartered Certified Accounthnts and Statutory Auth"to 7 Marconi Gate St&fford ST18 OFZ Date.. i.fs...l ..9..￿...1. 10 IG Page 10 UST Y￿Ettded3I A 2025 31J25 Totsl ds 31￿24 Total fuud Donatiotjs and le￿ie5 1.147 Cbaritabk adlTrltie• IJ23M3 I￿4&3 I,￿2)41 lttvesttnent incon 1981 31267 1.981 159930 1,964 1,112.505 127N3 Totsl AJ59￿9 l27ffi 1.9*7212 3,017,957 E￿ENDITuRE ON Raising funds 21 5J12 23250 Charitable attivities Provision of education Cthts 1,96V83 1011965 2,14).224 Tolai 1989992 2.163,474 {130.443) 7&769 (82958) (51,674) 854.483 (47385) (4,189) (5L674} 8S4.483 RECONCItL4TION OF FtJThDS Total fimd5 brought forward IAIW18 34,711 L113ffj29 259.146 1.031A33 1061955 1.113,629 Pageii THE YARLET TRU 31A 31x25 TDtsi 31.&24 Totsl fulld FLXED A&SETS T3￿￿ble assets 13 iJ97 1.197J77 1305.048 Stocks Debtors C&8h at and in haad 14 15 23￿7 91 317,7119 26,627 121,608 286,005 91J 287,187 22 30522 13.103 434,240 CREDrroRS Amounts fallitig th￿￿1th]n00e ye4r 16 (538525) {SW25) (555,659) (135944) (1114422) (121,419) 1,O61J33 22 L(fU455 1.183,629 CREDrroRS Amouots failiD8 thx after moTrthaD ijne year 17 (30￿) (30WI> (70,(KKI) NET ASSETS L031A33 3QJ22 I,Q61955 1,113.629 UDrestri¢ted funds Restsicted fi]llds 1,031,433 311￿12 1,078,918 34,711 1,113,629 subiectto the small cowies regtine. 1.6....N.w.oW...a.g.A.Èi .. and were SI￿ on bebatf bT. ley-T Pag¢ 12 YARLET TRU Statem¢ll¢ of YearErt Ji 2025 31x25 31J24 Cash Iiow5 from operatiDg xthitses Ittkntpaid 153J43 (lo,￿1) 1,172.112 (14.601) Nete&sh provid¢dbYotKrat￿E a(tiTrities 141741 1,157,511 Putchase of tsngible fixed & Sal¢ of tallgible fixed assets tn*re5tYtteived 179,053) IA034 1981 (1.023.771) 1,964 (61J138) {1.021.807) Cash llows frorn *ttivities (Nith) (50.000) Net whu8ed in fJDallCiDgactiviii&8 (so.(th) {50.IXK)} Change ID tash #Dd cash equivaltDts the reporting perityl Cash and cash equivalents at the beginning of the reportillg period 31,71M 85.704 2￿,30] C￿h and eq￿lY81￿ts It the end of the Teportingperiod 317,709 286.￿5 Page 13 trj the SlatrmeDt tht Yur End¢d 31 RECONCtLL4TION OF NET (EXPENDITUREYINCOME TO NET CASH FLOW FROM 31x25 31A24 Nrt (expenditureykncoMe for the reprtingpeTityJ per the Ststemtllt ofFinantial Acthkn) Adjustments for. Dwreciation charges Lo&$ oll thsFO5ai of fixed assets (SI￿74} 854,483 169.911 291 (1.98] ) 10.601 2820 171.820 (1,964) 14,601 10.873 4.920 117,379 Inte4YSt paid Decre&8e iti stocL Decre￿ debtors (6,634) Net tasb provided by 153J43 1.172.112 ANALYSIS OF CHANGLS Th NETFUNDS At Isa4 Cash no At31A25 Net cuh C&%h atbank at)d iti balld 31,7114 317,71Y) 31.704 317.709 Debt Debts falltng within l year Debts fauiog after I year (so.ooD} {12JlO> (62￿[￿) {1115￿)) (62J)D) Total 173AO5 81,704 2553119 Page 14 TRusr to tht FSnan Year Ended 31 A 2025 STATtrroRY INFORMATIO1¥ Th¢ Yarlet Tn￿ is fd compwry. IiD)itol by 8uarantK rystered ill EDgJand and Wales. The cOmp￿￿S regis*red ACCOi]P4TING POLIC B8sRs of preparkng the financi￿ stateM¢￿ts The financial staternents of the ¢haTitable company. wFo¢h is a ￿thI1¢ Iya￿fit etitity wxler FRS 102. have be£n tsf Recommded Pra¢tice arplicable to ¢1￿111¢S prepaTiog tbcit ar￿Unts ill accord￿ with the Financiaj RwtiDg Stattdard apphcable in the UK and Rwb]ic of JJeland (FRS 102) (effective l January 2019)., Financial Rewrtio8 Stsndard 102 Tr FiDattcial Rqxjrting Standard applicable in the UK aThl Republie tsf ITeland' 3od the CoTnpani&s Act 2￿. The fjDaDcial statt￿ have prw&ed under the hjstorical cost Kperience and other fac￿r4 inchthg eXp￿￿tiO￿8 of future events that are believ￿ to be Tewnable ￿)der the related actU21 OU￿0￿£. The key &qwtiO￿ and othEr sources of ¢stinktsoD that hav¢ a sigtiificant risk of Causing a materJa] adi￿$t￿￿ ￿ the of assets and tiabih.ties witbin the next fill￿cIal year &8 follow5: Depreciatiou A¢crua]s Ineorne All i1]¢0￿C is Te¢ogDR5ed in the Ststement of Financial Activities 0￿¢ the ¢barity has a￿l￿eM¢llt to tbe fi￿, it is pmbable that the incollK will be receivedand the atnount c¥n bc measured reljably. Liabi]iti¢s aTE r￿¢)gUised &8 exFflldits]re as SfM)n Is there is a Iwl or CotiStr￿ve obiigatsou cornrrithg the cjwity to that expmdibjre, it is probable that a trdnsfer of e¢(m￿ l￿fits v/ill be requir&1 ]n settlem¢Dt and the amount of the obligatiott caD ￿ measured ￿lIablY. EX￿adI￿]re is a(yoUnt￿l for on an a¢£n￿S basi5 ￿ has been cl&ssified under headings that agwdtr all c05r related to the categimy. Where ¢osLs cannot be dwectiy attrIb￿ed to pafficular head￿85 they bave allixxted to aaivitt.es on a ba%is ¢oJJsisknt with the use of Page 15 TTRU Notes forthe YearE ed31A 202S ACCOUNTING POLICIL5. conthilled With effect frorn l JaDuary 2025, the provision of ￿ti￿at1(￿ a￿d Telated s¢tViCC5 by in&pendent $Ch￿]S is subject to VAT * the rdte. The sch(K)l is rew*ernl for VAT and rbatges VAT on tyiiioll fees and ottKr tsxable suppli￿. R￿e￿Ie VAT is exclud￿ from inco￿￿ aThl exwdits]r¢ ond TecogDised a5 a d¢bts)r or creditor. with i￿e¢￿ve￿bE£ VAT iticluded in the ￿leVant costs. Where the School t&uble alld exernpt supp]ie& iDPUt VAT is recovered ill accokn wrtbthe exempl1￿ TaD8fble ￿ed asBets EquiptDent- 2￿/0 Straight tAtte Motorvtbiclcs. 2P/v Red￿m8bala￿cc Sloc Stith are valued at the lower of ￿$t a￿j net realjsable valu4 after allowance for ob501ete and slow T#￿tion Fund *¢couDtiDg R¢stiicted ftjods ooly be used for prti¢u]ax ￿stri￿ ￿rySes vpithm the objezts of tbe charity. Restrictions arise wheo syecified by the (kTrnor orwhcn ate raiwj for panicu]at restrietedpuryM)ses. Pension £0sts and otherp0st￿e1Srt￿t benefits The thatity contnbutes to thc TcacheTS' Pension Scheme at Trtes sd by the scbeEoe W aTKI advisa to the Trustees by the *h¢￿e administratot. The CE￿]ty also ¢J)nttibuts to a defined ¢olltributiott s¢herne for non.tea¢h￿g staff. Th¢ Golltiibutiow Charged to the of fillanciai activtties in respett of schernes are those payable iti accor￿ with the ndes of the %herncs DoDated g(MM receipt is probable and the amount can ￿ reliably rneasureiL GoYernmeDt grsLDts The compatsy has received government gr￿ in relation to Spe£ial EduLXtional Needs and Farly y¢ars fimthg. The grants are recogllised in the and loss account ott a Trceivable b&sis.The balance of gI￿ts ￿e1ved foT Sp￿IfiC pwposc5 but ttot ex￿nded during the pcn(xl is in the relevant fiumls on the balance th¢¢L wlwe grants ar¢ r￿Cl¥ed in advance of rneetiDg w p¢YfoEn]ante related conditioDS, there is not uncondits"tsnal ¢ntitlern¢nt to the wt and xts r¢cogDitiOn is aod iDcIth in creditors as defe￿d income utmil the Page 16 Notes to the ststtments.con YwETrd¢d31 A 2025 ACCOUNTING POLICIFS. conthiued Going ¢oncern Following a rewew Nvljich ￿¢fi￿Y g)nsidera two key aitixs within its S-ye4r Stia(egic Plao" our aitll to remain financially COM￿ltive and our aim to fi￿ar￿￿1 thiliry 8￿j tsken ￿gether with exi*ing finattcing f8cilitie4 which Inch￿ a loan from NatWe￿ the Goven]menVs CBIiS, Ilrawn down on I l November 2020, and a CO￿1n￿ll)g overdraft faciltty. the Trustees klicye that the fitwKial ststen￿ have beell prepared appropriately on thegoiDg concern Edsjs. Debtors creditors re¢eivablel P9￿bIe ye*r Rentals payabk and wivable urthr (4)QatiDg leases are cbargal to the SOFA on a str￿ght.1￿C b&8is over the peri(xt ofthe le•¢. DONATIONS AND IIGACIES 31A25 31.824 1*18 1.147 Ji 31A.24 1981 1,964 31￿25 31J.24 Gr￿ fe Rernissions. inch￿[D8 2,IW19 2,190J71 1344W6) (288.030) lJ23.483 I,￿,341 Page 17 Not*# to the F for the Year E 21125 31A25 31J.24 Sundri 11120 31￿25 31J.24 26,627 11.981 (23J117) 37,500 12,377 (26,627) Closillg stwk 14WI 23,250 26921 23250 5¥p￿rt tosts (see ote 8) Totals 198W4 27J91 41111965 SUPPORT COSTS GtsverJwi¢e 27J91 NET INCOMEI(EXPENDTrtlRE) 3IA25 31￿24 6.930 171.818 169.899 291 tkfiril ¢Jn disrK>sal of fixed &wts PagE 18 usr NotQB rtbe 31 111. TRUSTELSI REMUNERATION AND BEf¥EF]TS 31 August 2024. Truateu, VAPellS There were no InJ#ees' ex￿LIeS pid f￿ the year amled 31 Au8us¢ 2025 w foT the ye4r ¢ndeA 31 Au8ust 2024. STAFF COSTS 31A25 3JJ.24 Wages 8nd salaries Social securÈty eosts Otb¢r F¢llsiou costs 1O24.86J 89W2 129.259 1.061.346 80,047 125.945 1243.924 .267.338 The averw monthly numbwof eJroloyee8 tsin8 th¢ year was &8 follovA' 31.825 37 Chan'tsble a¢tiYittes Cost of 8enerating fim ManagellJ¢nt and ofthe dwity 31A.24 41 41 45 The number of ernployees whose employe¢ iYnefirs (exclthgemplwpensioti wsts) exCe￿d £60,CKM) was.. 31J25 £70,(X)1- £80.0 31.8.24 Govcrnor and key r¢rLull￿oD at¥J b¢DEfits to￿1￿ £184291 (2024.. £239.133). 12. COMPARATIVES FOR THE STATEMENf OF FllYANCIALACTivmLs Dd runds INCOME ENDOWMENfs FROM Donations and legacies 1.147 1.147 Ch*ritsbl¢ acth4d Gross fees and ext￿ le55 discounts I.￿2)41 I.￿2,341 21,567 I.0￿1.938 1,112,505 Total 1.927.019 I,￿.938 3,017.957 Page 19 E YARIET TRU forthe Ended 31 A t 2025 12. UThre5tri¢ted Restricted fuDd Totsl llds 23250 23,250 Ch￿itable activities PD)vision of educthion costs 2.018.472 121,752 2.140224 2.041,T22 121,752 2,163.474 NET INCOMEI(fXPENDITURE) (114,703) 954,7 969.186 {954.790) 854,483 Net moverneDt in funds 14.396 854.483 RECONCILIATION OF TrI￿Ds Totsl fi]nds brought forward 238,831 20315 259.146 1.078.918 34.711 1,113.629 13. vehides Tol¥1% COST At I Septemi*r 2024 AdditioD5 1,194 7WI (11449) I￿289 3.012 lQ956) 6U92 2,694.075 79,053 (20,405) At 31 Au8U8t 2025 3,786 62A92 2,752,723 DEPMECEATION At I September 2024 Charge fory&gr Eliminated dis￿￿1 iJ79J86 1SQ947 259 iOJ24 (4080) lJ89.027 169099 (4,080) At 31 August 2025 IJ30W3 84703 37Jl• lJ4846 I¥ET BOOK VALUE At 31 August 20 1,16 9h42 25282 1,197m7 At 31 2024 1251,308 20.030 33,710 1,305,048 Page 20 continued... THE YARiET TRU ttlthe for the Year E 14. ST(￿Ks 31.825 31A24 26,627 I& DEBTOKS: AMOUNIS FAILING DUE wfrHIN OIYE YEAR 31J25 31x24 Trade debto Otberdebwrs 71265 1,611 1&711 89,912 31,696 121,608 I& CREDITORS: AMOUNT5 FALLENGDUE wrrHtNONE YEAR 31.825 31￿￿4 Ba¢Jk loans and ov¢rthafL% (se¢ note 18) Trad¢ ¢reditOE5 Socia] stturity and othertax&s VAT 50,(KM) 77.076 39,035 12,041 23.056 7002 14.6211 36&176 12,566 376.982 53&525 555,659 Deferred income of £350,730 (2￿14. É298.089) is fee ioti)rne for the Autum which has kn invoi(Yd i £298,089. 17. cRED￿ORS. AMOUNTS FALLING DUE AFfER MORE TIW ONE YEAR 31J25 31￿￿4 BaDk lo￿ (see ￿)te 18) 12JID 16( 62,500 7500 305 70,0(M) Page 21 contill￿L.. THE YARLET TRUST NoteÈ FJDanciAI stat¢u￿￿ts. Amoullts fallillg duePtheai two and five ytar5: Bth loaTL5- 2-5 yeaTS 19. LWING AGREEMENrs 31A25 Ji3a4 Within one year Between one 2nd fiveye4rs ID more than five ye4ts 51.062 126259 501733 222,166 221167 851,158 20. MOVEMENTIN FUNDS Net At At 1.924 funth 31 Ullrestricted fu*ds l.rnJ18 (130A43) 1.031.433 Restrftted funds GetteKal Restricted 711 7&769 50￿22 1,113.629 (SI￿74) 1061P55 Net rnovement io fund4 ÉncludeA iothealM)ve are as follows: Resources Movenhtht expellded ill funds 1359549 (lJ89992) UW443) 127 (4&894) 7&769 1987212 (403&886} (51.674) THE YARLET TRUST to Ibe Fuwiciai Sts for 20. CotnpAr*tivu for Movement in funds Net TraRsfers At 31.824 At 1.923 in funds fuDds 238.831 {114.703) 954,P 1,078,918 Restrl¢ted fuDd5 20J15 969.186 (954.P)O) 34,711 259.146 854.483 1.113,629 Incoming Resources MovemeDt in hmd5 General fi]nd 1.927.019 (2.041,722) (114.703 } I,{￿,938 (121,752) 969.186 TOTAL FUNDS 3.017.957 (2.163.474) 854.483 A curTent year 12 motth al￿ prioryear 12 ￿￿)nths£O￿bin￿ ￿ltiOn is as foll Net TrxD5fer5 betwee fu￿d8 At 31J25 At 1.923 UDrestrf¢ted fvnds 238.831 (245,146) 1.037.748 1.031.433 Re5trirted funds 20JI5 1.047,955 (1,037,748} 30.522 259.146 1,061.955 coniinu&L.. THE YARLEf TRU e St ded 31 - continued MOVEMENr Jr4 FUNDS. CODthiutd &s follows= IDttsmillg Re8oDrett Movement ewded In fvnds UDrestrA¢ted fund• 3,786,568 (4.031.714) (245.146) Re5tr1cted Gen¢rdl Restrtct¢d 1218.601 {170.646) 1,047,955 S.¢￿5.169 (4,202.360) 802,809 Restricted Fund ba]aw¢ at 31 AuEu5t 2tr25 ￿18￿5 to ush beld in the Dotiati￿5 Acc4)unt of £30522. relating to doll￿?0￿6 towaryls thc sch￿]5, niusi¢ &ad¢4ny pmjecL Foundau￿1 Bursary aTrJ CAF fiuthd proi¢th& Tran8f¢r of fimds relate4 to WThtri¢ted withl &ss¢ts wrchwl viaTestriCt¢d fiuth. EMPLOYEE BENEFIT OBLIGATIONS 21. Tea¢htr5' posion scheTne The School participtss in th¢ Te4ckn5' Pension Scheme IPS") for its tea¢hin8 staff. The pujsion charge for th¢ year incl￿e5 ￿n(n￿jtiOTrs payable ￿ the Trs of £93,080 (2024.. £116223) and at the ycar-¢nd £10,821 {2024: £12.566) w&8 reSp￿t of c0Dtrtho￿ to this scben The TPS is an unfijnded mulii*employer def￿￿d bettefits p￿$10￿ sclheme governed by The T¢4Gh¢rs' P￿10￿$ Regulati¢)￿ 2010 {&s amendedl and The Tc4chu5' Pension Scheme Re8uJations 2014 las am¢nded). Members ¢ontribute on a ,￿Y ￿ you Bo" basis with ￿￿tribUtiO[L￿ fmm members and the employer being credited to the ExckA¢quer. Re11r￿t and otherp¢nsioD Eenefits paid by ￿blIC by ParliamenL The employer eontribu¢ton ratc is set by thc Secretsry of foll￿]ng scheme valuauolls under&th by th¢ Gov¢rnmcnt Actua￿8 De[￿T￿L The rnost recent xhwial va]uatMJn of thc TPS %vss prepard os at 31 Maroh 2020 8Dd th¢ Valuation Re￿ wlll.cb wa5 pUbli5b￿ in (klober 2023.The Valu￿70￿ Re￿tt shows llOtioD81 assets of £222.2kn liwbilitl￿ of £262b4 raultill8 io * #d￿￿¢ d¢fi¢it of£39.8b The etnployer contribution rate for the TPS 28.6/• from l Awil 2024. and aDpIoy¢ts 4re 8180 rquired to pay a schcme administsation levy of 0.08/9 a to1￿ ¢mployercontyibution rale of 28.68 Def￿¢￿ cotttributmm xhemt Workplatt pe￿lon s¢hem¢ A5 required by tbe PeD8iIrtL8 Art 2(M)8, the Sch￿1 provides a W0￿P￿ Pe￿1￿ scheme a defined colltsibution scheme. to iw ernployees who ar¢ D)t of the Teth. Pension Schetlle. Empli)yecs a8tyJ betweeo 22 alld stats atrj carnmg at le&%t £IO.(MJ) per a￿ automati¢ally enrolled in the sch¢m4 althou8h th¢y may ch(x)5e to Employees between the ages of 16 and 74 with egmiD85 than £10.(￿ per arnuTn a150 bave the right to jOiD th¢ s¢hell￿ voluntsrily. Employtrcontnbutio￿5 ratsateas folk￿.. Page 24 THE YARLET TRUST Ytar 21. EMPLOYEE BENEFrroBLJCATIONS-coRlSuued 06 A￿11 2021 onward% 3Y• forTr)Trtexbmgstsff 01 Septernber2024 onwaTd$ 22•A for leachiug staff Employet rontrkntiortspdyable to the Schem&8 forthe yurwetr £35.096 (2024: £9.983). The Artides of Associabon of Tr Yarkt Trust (as aM￿ded 13th Juty 2020) CODfirn that sbaIl not undertaken with Ètty CO￿ of whith a memttt of the Governing B(Jty hol(Ls than a IYO tnteresL Unless with a 501ic&toroT r] In order to be totauy trwparent and PTOtect the mtegrity of the Scb(xTrL it is agreed that no tr&1¢ will take place with any b￿]nesS in t4thicb a Govcrnor has a financial inw with the exception of the provision of leg￿ advice frorn 8 solicitor. ULTINL4TE COPmiOLLING PARTY The ultimate colltroljingparty of thecharity ts the Board ofGovemots. UST st21125 31J25 31.824 DonAtions legaci¢s DoJJatioll5 .147 1981 Charitgbk aCti￿t￿3 Grts&s fees I168J19 {344J36} 2,IW.371 {288.030) 1023A83 I.￿2,341 Otberincome 159930 1.112.505 1987212 3,017.957 R*isiDg doMations legacies Suttdries Opening st4￿k 4627 11.981 (23W7) 37.500 12,377 (26.627) Closing stock 14AOi 23250 Ch4rltsbie A