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||`Page`|
|---|---|
|`TrusteesandProfessionalAdvisors`|`2`|
|`ReportoftheTrustees`|`3-5`|
|`StatementofTrustees’Responsibilities`|`6`|
|`IndependentAuditor’sReport`|`7-9`|
|`StatementofFinancialActivities`|`10`|
|`BalanceSheet`|`11`|
|`NotestotheFinancialStatements`|`12-14`|





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|`Trustees`|`NBacon`|
|---|---|
||`AS`<br>`Habib(until20November2024)`|
||`JMaddocks(from20November2024)`|
||`GParker-Jones`|
||`PA Nicholls(until31August2024)`|
||`DJ White(from20November2024)`|
|`Bankers`|`NationalWestminsterBankplc`|
||`9NorthStreet`|
||`Rugby`|
||`Warwickshire`|
||`CV212FB`|
|`InvestmentBanker`|`QuilterCheviotLtd`|
||`OneKingsway`|
||`London`|
||`WC2B6AN`|
|`Auditor`|`CroweU.K.LLP`|
||`AthFloor,StJamesHouse`|
||`StJamesSquare`|
||`Cheltenham`|
||`GL503PR`|
|`PrincipalOffice`|`RugbySchoolBursary`|
||`10,LittleChurchStreet`|
||`Rugby,CV213AW`|





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**THE RUGBY SCHOOL GENERAL CHARITABLE TRUST** 

## **Independent Auditor's Report to the Trustees of the Rugby School General Charitable** 

## **Trust** _(continued)_ 

We obtained an understanding of the legal and regulatory frameworks within which the Charity operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. 

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the Charity's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the Charity for fraud. The laws and regulations we considered in this context was the General data Protection Regulation (GDPR). 

Auditing standards limit the required audit procedures to 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 within the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, the Finance, Audit & Estates Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, and reading minutes of meetings of those charged with governance. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. 

## **Use of our report** 

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed. 


Crowe U.K. LLP Statutory Auditor 

4th Floor, St James' House, St James' Square Cheltenham, Gloucestershire, GLS0 3PR 

Date: 23 December 2025 

Crowe U.K. LLP is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 

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|`DONATIONSANDLEGACIES`|||
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|`Specificappeals:`|||
|`RacketsCourtAppeal`|`-`|`6,125`|
|`BursaryFund`|`5,095`|`-`|
|`TRRDevelopmentProjectAppeal`|`352,431`|`-`|
|`1823BursaryFund`|`-`|`15,689`|
|`Rugby2000Appeal`|`125`|`125`|
|`Tudor HouseAppeal`|`-`|`1,000`|
|`TotalDonationsandLegacies`|`357,651`|`22,939`|



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||`Amountsfallingduewithinoneyear:`|||
|---|---|---|---|
|||`2025`|`2024`|
|||`£`|`£`|
||`Taxrecoverable`|`9,554`|`25`|
||`DuefromtheGoverningBodyforRugbySchool`|`-`|`-`|
|||`9,554`|`25`|
|`6.`|`CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR`|||
|||`2025`|`2024`|
|||`£`|`£`|
||`DuetotheGoverningBodyofRugbySchool`|`26,303`|`32,197`|
||`DuetotheArnoldFoundationforRugbySchool`|`2,444`|`984`|
|||`28,747`|`33,181`|



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