EVERSFIELD PREPARATORY SCHOOL TRUST LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 *AEVP#2j. 1010212026 CCWPANIES HOUSE A13
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RlStered Compatty Number 6TJ1727 (England *ttd Wale5) Registered Cbarity Number. 528966
EVERSFIELD PREPARATORY SCHOOL TRUST LIMITED CONTENTS OF TIIE FINANCIAL STATEKENTS FOR THE YEAR ENDED 31 JULY 2025 Pa8e ReF of the T[te I to8 Report of the Independent Auditors 9toll Stattment of Financial Activities 12 Balance Sheet 13to 14 Cash Flow Statement 15 Notes to the Cash Flow staternt 16 Notes to the Finala1 Staternents 17to25
EVERSFIELD PREPARATORY SCHOOL TRUST LIMED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 The TnL8tees, WI are also Directors of th¢clwity for the pur of the Compwies 2(M)6. present theirreport with the financial ststements of the charity for the year ¢ThJ¢d 31 July 2025. The Trustee5 have Jopted the provisions of AccounliTrg and RetIng by CtrLarities: Statrme of R¢¢otnfftended Practice applicable to charitie$ preparing their accounts in accordance with th¢ Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102} (effeetive l January 2015). The S¢hool is acompafty limited by 8uarnnte¢ a1 is aregtstered charity. TheComp¥ny does tyjthve shar¢ c4)itsl. Every member of the wnpany undertakes to contribut¢ to the Company. in the event of it being Woul up whil¢ helsh¢ is a rnember. or within one peri( after hdsh¢ reases to iy a m¢miT. such amount as may be require4 not exceeding £1 for the debts ond liabilities ¢ontsa¢ted befoff hejshe ceases to be a member. The Company's principal ¥iivity wntinue5 to be the wovlsion of a day for2Y- I l-year-old boys and gsrls. with an •verdg¢ of 312 pupils on role during the yeaT (2024: 311). Tr S¢hwl w&8 founded in 1931, inttia]ly as a boarding school for boys until it became a day s¢hooi in 1982. A stralegic review saw th¢ first intake of girls in IW), Whil ihe senior s¢} changed from 13+ to I l+ to med wider changes in the educational environmeni. The SclKrt)l engaxders a strong sense of family and meets the ne¢ds ortd potential of ch individual ehild. OBJECT. OBJECTtVES AND ACnv1Es ObJe¢¢ lod public benefit aims The Object of the Company. in accordance with its Memorandurn of Associatio is the ¢du¢a¢ion of children. ID the fiutherance of this Obi¢a th¢ Direc, a5 the charity trustee¥ have clP111 with the duty in s.4 of the Charities Act 2011 to have due regard to the Charity Commission's published general and relevant sub-se¢¢oT guidance concerning the operation of ih¢ Publi¢ BUrit rquirement un¢kr Act. Strtegle #lm aad i•teoded elfett The Board's Str*egic aim to reach its annual objective for public benefii as achaTitable Independent School is sumrnarized as follow$: . Promote high moral standards through Clear atrj rtlevant core Chrislian t¢¥hinBs. - Offer broad curriculum wilh OPPOffunilies in all areas for our chilthen. - Develop ¢hildren's ademIC and non-xademic salents by providing qlty stspport and specific oppcfftunilies. - Prepare pupils for suCceful I l+ ¢nty ex8m$. - Develop excellent organisational rovtirS to help tran5itionto s¢tii(Y sctrthl and general worMrfe Skills. - Ensure excellent pastorni cart for 011 our pupils. - Develop our pupils, self-confidence to be the best tht they can be. - Encourage competition and risk tskn.ng in a 511PP)rtive. motivational and caring enviroiiill¢nt tr no ¢hild is afraid of making mistakes. - Give opp)rtuniti¢s for pupils to lead and w w(xk cwmtively. In additiorn the charity ha5 in place systams to assist faJDilte5 who experi¢n¢e financial difficulties duringtheir time at Khool and has set 1 a prowme of annual bursaries io SUPM children from lower-in¢ome or otherwise disadvantsged familie5 to benefit from our fee-bas¢d %hool1 whilst allowing all pupils to benefit from the extra- urricular progrC. This is intended to draw their abilities and xademi¢ wtential. awaken and develop wider interests in life for eVerttu participation in civil s(Ki¢ty, I1Vating them for a %ucces5fui 0¢0¢ 4t th¢ir chosen senior s¢trM)ol. Page I
EVERSFIELD PREPARATORY SCHOOL TRUST LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2Q25 ObJe¢tlves & Aehicvernents g4l•st obj¢diYes Ob"eclives Continue ihe improvanent in teaching aThl leaming across ihe school Achievements Good prnctice5 conlinue to be shared across the school with 4 re of approaches to t¢8ching varying a¢ross •nd wiihin diff¢r¢rtt subi¢¢t areas while adhering lo th¢ stsndards set out in The Teaching. Learning and F¢edb¥k lic . The key elements of the plan have been identifRd iwluding a tteeds analy$is and Rsource requirem¢nls. This w¢xk will Qontinue into 2025r26 Training has been undertaken by stsff. governors and some parents via the Nationa] College rtsources with crediiation 1n awarded. Teachers have been sUppd in undertaken their profrssional development through the Charter Coll¢g¢ of Tea atyj other resoUrs. A 3-year str4tegi¢ pl8n ha5 been d¢v¢lop¥J for the enhancement of the curriculum ihrough di8itai technology. The use of 1-2-1 device5 has been id¢ntified withhardw•¢ options havingbeenexplor¢d. A trial of the new hnOl 11 commen¢¢ 2025Q6. tX]ring fin8ncial year. the new fjovernm¢nt introduced VAT on s¢hool fees with effe¢t January 2025. The Governors were present¢d with ¢he ptential impxts reach a conclusion regarding the iMl¢atIonS fty 2024-25. with parents being infomi¢d in the Mi¢ha¢lm&% Temi. SIlfiCant work was vTrJertakeniO ensure thatthe sch(x)I was prepared from rinancial re rive Develop a plan for wellbeirE areas in the school Improve the understandin8 of pofential mentsl health issues in school Continue to pmmote teacher professional d¢Y¢lopm¢nt rarCh m(Klules Explore the personal computer str8tegy acn)ss h(lI tkvelopment of a strategy to se¢ur¢ the long-tenn future of the school given the likelihood of VAT being introduced on schwl fees by the fuwre gov¢rnm¢nt Publit kntfit The Company is a charity which seeks to trKnefit the public through the pursuit of its stated aims. Fees are set at level toensure th¢ financia] viability of the School andat a level thai ts consistent withthe School's aim of providing a rw5t-G1 for the School's pupil& The School w¢l¢omes pupils from all baekgmunds. Tr Sch] is -selective aims to ensure that pupils ca cope with the pace of learning and nefIt frorn the education provided. An individual's economic Sts1$. ethnicity. race. religion or disability do not forni part of the sch&,$ assessment prnce The GoVerYS ¥re ry)mmitted to allowing those who (annot afford the ¢urrent fee5. to gain ¥cess to the first-class educwiort provid¢d by the School. With this in mind, the Sch(KJl was able to suppn 6 pupi15 through the means tested Bursary sclKme, #nd 5 further pupils ate benefitiing fr¢)m 7+ s¢holarnhip awards. Totsl financial SUPPCrt of £153,244 which included burs¥ries and diSWJn was given against the gr055 fee I>e. Further bursaries will be awarded for the 2025126 ac&lemic year. So¢Tr*l Imvestments The School is part of the wtdttlocal coThmunity aThl the Governors are keenthat staff aTrJ p4)ils Pie1p#te in that community. Pa8e 2
EVERSFIELD PREPARATORY SCHOOL TRUST LINIITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 The pupils have participated in many fundraising evenls this year and have raised a considerable £l1.980 over this period which h&s been dtsed to Help Hafry Help Others" a l(Kally tstsblished clwity oftering suPrt to Gancer palients. their fwnilie5 and ftiends. Th¢ School has ¢ontinued to offer its fa¢ililies to the Community with the $wimming pool and gym being used for local club swimming. life-saving courses io I( YoUnerS and pickleball. VoluDteers The Eversfield School Association (Parents, &8sociaiion - ESA) helped with Sthool's furtdrydising ¥nd tultLtral activiti¢s with rnany hours of volurttary servir¢ during the y¢ar. They have provided a Strong link with paRnts and initiated fundraising to assiy lh¢ furt1 development of S¢lw)ol fxiliiies. The GoYemoTS would like to take this opportunity io say how mh the ESA'S continuing and valuable wpFx)rt is appreciated. Pay3
EVERSFIELD PREPARATORY SCHOOL TRUST LIMrrED REPORT OF THE TRUSTELS FOR THE YEAR ENDED 31 JULY 2•25 ACHIEVEMENfs AND PERFORMANCE Opentiottl p¢rformDCt This ye¥ Saw the s¢lwol lying inspected by the IndepEndent Sch(ds lrtsfftrate OSI). They conducted adetsiled analysis of the s¢hty)I, concluding ih& noi only did il meet the standards set by the tkpartsneDt foT Education. but that it offers an expansive and ChlengIng curriculum. The iitspeclors rep)n¢d that pupils are "articulate and eonfideryt communicators-. enjoy -a we1141csigned, rich and varied wrriculum" and that the effective pastoral system and PSHE curriculurn "have a p)5itive irnpact (ffl pupil's self-esteem and emotional wellbein. The report highlights the effectiven¢55 of the SCIMl's leadership Saying thai "knowledgeable, enthusi&stic t¢aehers pl8n learning carefully" artd ihe tripi15 ¥re well prePad for the ftc sts8e in their education-. We are all proud of this ou¢ome a1 it is testsml to the hard work of the pupils, staff and SUPFrt)rt of parents. During the year,ihe school was awarded the Res¢ar¢h Mark PluSaoI#de, the highest recognition ty the Chartered College of Teachin& for its slaird. scknl-wid¢commiiment io resear¢h-infomed prdctice. It WalSO awarded the Whole School Approach to Mental Htalih & well1ft£ A¢ueditation by the National CoUe8e, recognising the school's ongoing commiimeni to promoting p)sitive mentsE health and welltxing acro&8 our erttire community, and "Independent F¥eparaiory Sch1 octhe Year 2024- Binningham" by the SME Midland% En¢eryrise Award5. The sehool w&s also named in th¢ t(p 20 51)ortlisr of UK Independe Prwat¢xy Schools in the Independent Schools ofthe Year Awwds. The School continued to prepare pupils successfijlty for indedeThI and gramnw senior sch¢)ols. with them rrfeiving a totsl of 75 off¢t5 across 17 different school& and 14 acathmic and otkn 5chol8nhips (2024.. 23) being awarded. The school continued to offer a rich variety ofover 40 cTrcwricular tiVItieS wvering ao drarna and movemenL sp)ri music, STEM. Stratw and Innovation. On the sw)rfing fronl th¢ Sch1[ compeled in football, cricket and netball matches and fesiivats acrw the region with the Year 5 and 6 4¢hieYing ihird and fourth place in the local partsrship Netball Skills Comwiiion and th¢ u101 I girls footb311 tearn finishing second in ihe lugue of the South Solihull Schfxjls Partsxrship. In Th¢ Arts, music and drnma ¢ontinLrd to play an IMtant roie in school life with schotsl wfylu¢tions oc Mary Poppins. ResuTrethion Rock r¢tellingihe Easterstory, and TheT¢mpesl. Over 60 talented M1Clan$ rf0mlO1 in ensembles in Spring wn¢erL showcasing songs from diverse culwres and were en¢ourn8¢d io audition for National opportunitles with the English Symphony Orchesty Royal Birningharn Conser4atoire and Ihe Nation81 Children's Choir of GMI Britsin. The Art Club joined fCeS with the CLMnmunity 10 create a stunning art inthljation a local ¢hur¢h to honour the anned force5. Throughout the year. the pupils experierthl a host of workshops and trips such as exploring nwine habitats at the Sea Life centre BirniIngh. learning about farm lifr * a Ial Chilthen's Farni. seeing Some of the world's most endangered animals at West Midlands SafaTi ParK gnd residential visits toNorniandy. wal aTrJ Malvern. We are very proud of thrse and all our pw's achi¢ments. As part of the E5tstss Pla signifi¢aDt impn)vements were m* to the old gym and nursery playground. Page4
EVERSFIELD PREPARATORY SCHOOL TRUST LllmED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 FINANCIAL REVIEW R¢suIts And fion¢iil posltto This yeaT marked one of the most significant ¢h¥ngey to the Independent school's sector with the Government introducing VAT on %hool fees wilh the effect l January 2025 and the aknlishment of bu5iD¢s5 rates relief from I April 2025. wilh effect l January 2025. The sch1 took numero% sleps to add the impacts &$ reported in its obj¢¢tiv¢s on page 3, which si]riCaN1Y contribud in the delivery of a net surplLLS for the yeaT of £347.425 {2024..£462,336). Capital expeTxlitUTe for the year was £158.584 {2024.. £174.980), and Net Assets at year¢nd w¢r¢ £5,998.781 (2024: £5.651,356) iluding a cash &ItIon of Q033.425 (2024.. £1.893.692). Investment poli¢y and perform•nce The S¢hwl'$ surplus fimds are inverted in bank and mon¢y-mork¢t &p)sits in order to minimise risL Reserves policy In r¢cent years, th¢ Gover1b) have aiTned to increase unrestrictoj funds year by budgeting for surpluses to fund investrn¢nt in th¢ School estate. EXCI11n8 fed &SS¢ts w8ed for the school, uttrestricted funds #Te in a P051tive p05ttion. Th¢re is still much uncertainty regaftjing the impact of the intrcduction of VAT and other economic factors on the ability for parents io pay foT their child's indep¢ndeni school educatson. Given this the Governors. objective is to Contin fo genernte surpluses to proted ihe school's fUre while recognisiDg that prOtsm¢s of work have been delayed w1th0 compromising oll the School's hh stand. Future plans Th¢ full impli¢ations of the introdudion of VAT on indqKndent fee5 will take some time to ¢rystslise. however during this lime of uncertainty. the Governors remain ¢ornmitted to continue to strive for eXllenCe teaching and learning, ensuring that rhe estate meets the schools obje¢tives. Their aim is to continue to attract and eduGate a similar number of pupils in the fvrure and to w)vide a Ixw5ary s¢h¢me so that pupils from low-incorne families can benefit from an educion at the S¢lKx)l. STRUCTURE, GOVERNANCE AND hlANAGEMENr GoverDiDg document The Cofftpany's Memorandum and Arti¢les of A&w¢iarion ate the governing dments of the School. Governing body The TnS set the policies to ¥hiev¢ the khool's objtttive5 and these are refiected in the School's prospectus. In particular. ¢hey apw)int the Hethaster whose rwnsibility it is io see that these objectiv¢s ar¢ pursued. and they provide support and encouragemem for the HeathDa5 in this task. As well a5 setting budgets forth¢ Sch<Kg1, the TTrwees ar¢ resporL4ible for ensuring that relevani aS&ts of company. employm¢nt. health & safety and edu¢atiott law are complied wittL The Artscle5 of Assctiation Provide ihat the number of TnsÈtts shall not be less than five nor More than thity, unless otherwise deterniined by a General Meeting. The metnbers ofibe Governing Body are the Subscriters to the Memorandum of AsxKiation arKI Sh other petsofts (being members of the Trust) as ar¢ ele¢ted by th¢ Governing Body from time to time. Duri the year. the Governing Body a¢tively started a search for Governors ushng aTh rt¢wilJDenl agent kn assi in the prcws. Indlletion )Ind tr•lDloz of Trustees All Truees ar¢ inducted on appinknent into the (1110 and workings of the SctrÈTr)l and t1 Comwy as re8iSt¢red ¢harity. i1lIng Board policy and prwedures by an indudion se55i¢)n organised for thetn by the Chair of Governors. Strategic planningand training WO •rt owised and dl Trustees are iriefed as appropri. OtVDiga¢loD¥I StCre The Trusttts meet as a Board at least once in each terni to d¢iemiine the general policy of the C(xnparty. to Teview its overall managemeni and control for wtrLich th¢y are legally resFK)nsibl¢ and to consider specific topics such a5 the S¢hool Impmvement PiwL fuwKial a¢¢ounts. budgets and reports. In wJdi¢ion there are two committee5: 1 Educion and Personnel commitree and the Corllmercial ¢ommittre which meet 0¢ in tenD. There are also thr¢e sub4comrnittees.' Bursary, Remuner&ion and E&es. The Bursary sub-committee meets in the spring term to P¥eS
EVERSFtELD PREPARATORY SCHOOL TRUST LIMITED REPORT OF THE TRUSTEFS FOR THE YEAR ENDED 31 JULY 21llS consider applications for meaN8-tested bursarh¢s. the Remuneration sub-cornmittee meets in the summer tern) to set pay levels for the company's key management personnel and the Eststes commiile¢ meets tellnly io dixuss plans for maintsining #nd enhancing the xhool's grouThls and facilities. All the committees and sub-comrnittees have their own clear tenns of reference. Smaller groups of the TnL8iees ar¢ also established when necessary looking at such are&s &$ the tntroduction of VAT on fe¢5, Equality. Diversity and 1rtc1usio Ters, Pellsion and the appointmeni of new Governo. The day to day running of the Sch(d is des1co to the Headmasr, supportejj by m¢MrS of the Leadership and Mana8ement t¢aTns. Wlder network The Headmasi¢r 15 an active rnember of the tAPS. who prote the maintenance of preparatory schwl standards generally. and 8150 tskes Fort in peer group Sthwjies for the evaluaiion of quality. rfOrnIance and irnprovernert methods. The School co18teS with many l(Kai cljarities in its ongoing endeaV£ to wideA public access to the Schooling Eversfield can provid¢. Optimise the ¢dUtIOn use of the School's culrurnl and sporting facilittes and to awak¢A in its pupi15 an awar¢ne5s of the wider social context of tkn education they receive 41 the S¢hwl. There gre no relationships betwttn the ¢hlty and any rel partie5. Risk mttagement The Trustets continue to keep the School's a¢tivities and risk rnan4emeni polici¢s und¢r rtview, particularly with reg8rd to major risks ih may arise from time to time. &s well as the systems and procedlwes that have been established to manage them. They monitor the etTectivene5s of the system of Intern controls and other viable means, including insurance cover where apWolat¢. by which risks identified can best be mitigated The TnCeS review progress against the strategic plan and tak¢ opprowiate a£tions. The Tntstees contit)ue to manage the ScI1.s finances prudently. Pa8e 6
EVERSFIKLD PREPARATORY SCHOOL TRUST LIMITED REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 JULY 2025 REFERENCE AND ADMINWRATIVE DETAIIS Re8is¢¢red Comp4Dy Nllmber 601727 (England and Wales) Re8ls¢¢red Charity Nujnber 528966 Registtrtd Offiet 647 Warwick Road Solihull B91 IAT TJBNn R K Bansal (Re$1d 23rt13r2025) CEBrow T Burdett (APinted 301(*J12025) J M Dacre (Appointed 30109r2025) G Marsh (ResIed 1010712025) D E M¢Mi11on {R¢S1d 1010712025) S G Moore (R¢5ign¢d 1010712025) A Perry JCBShaw PJS¢ott R M H Thomson CompADy Secretsry Jcwebb AudltQTS Thomos & Young Limited Chartered Ac¢ountsnts Carleton Ho 26&268 Strarford Rd Shirley Solihull B90 3AD Bankers HSBC Bank plc Regional Treasury Centre Ex¢hange Buildings Stephenson Pl Birmingh¥Jll B2 4NH Page 7
EVERSFIELD PREPARATORY SCHOOL TRUST LIrITED REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 JULY 2025 STATEME OF TRUSTEES RESPONSIBILrrrES The Tte5 (who are a]so Directors of EVerield Pr¢parOry Schty)l Tru5¢ Limited for the pwp)ses of company law) are resportsible for preparing the Report of the Trustees and the FInla1 Stat¢nenLS in a¢¢ord4nce with applicable law and United Kingdom Acwjnting Stsndarth (United Kingdom Generally A¢¢ep¢ed Attotsniing Pr¥¢tice- UK OAAP). Company law rtquires the Trustces to prepare findla1 sthtements for each fina141 year which give a and fairviewofth¢ sta¢eofaffairsofthe charitable cotnpany andolthe incomingr¢soUrr appli¢4tion of resour¢¢s, irKluding the income and expenditure. of the charitable company for ihat periiJJ. In preparing those fllwicial statements, the Trnstees are required to: select suitsbl¢ accounting polici and then apply them consisiently- obseNe the methods and principles in the Charity SORP. make judgements and estimates that are re450nable and wudeni prepare the finwKial statrrnents on the going concern bfysis unless it is inprOpri 10 presikm¢ th the charitable company will continue in bu5ine5S. The Tnstees are reSpOlb[C forkeeping pryrxcounting rrdS which disclose with feay)nable xcuracy at any lime the financial position of the charitable cornpany and io enable th¢m lo ensure thai the financial ststements comply with the Companies Act 2006. They are aly) SPOnsible for safrguarding the &8sets of the ¢haritable company and h¢n¢¢ for tsking re&wnable steps for the prevention and dete¢rion of fraud her iegularl11e$. In 50 far as the Tnk$t are aware: there is llo relevant awlit infomlation of which the chaiitsble ¢ompany'5 ¥uditor5 are unawart: and the TrtLees have taken ail steps that they wght lo have taken to make therus¢lv¢s aware of any relevant &udit inforn)ation and to establish ihat the audIto are aware of that infonnaiio The Trustres are re5Fwsible for the rnaifflenan¢e and integriiy of the corporate aTrJ financial information on the charity's website. Legislation irt the Urtited Kingdom governing the eParatIOn and disseminatioTh of financial stslements may differ frc4n legislation iti other jwisdiciioii%. AUDITORS The auditor4 Thoma5 & YounB Limitui will b¢ prop)sed for Te-appintment at the forthcming ann1 general meeting. Approved by order of the board of Trustees on . T J Brain- TnLStee Pa8e 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF EVERSFIELD PREPARATORY SCHOOL TRUST LIMITED Opinion We have audit¢d ¢he Iinanciai ststements of Eversfield Pteparatory Schwl Tn& Limited (the'charitable company,) for the year ended 31 July 2025 which ¢ompris¢ the Sem¢nI of Financial Activities. the Balan¢e Shee¢ and ne$ to the financial in¢luding SignifinI accountin8 policies. Th¢ financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingd(Kn Accounting Ststhlards, including Firtancial Rewjrting StandaJd 102 The Flnancial Reprting StaNlard applicable in the UK and Republic of Iland {Unitrd Kingdom Generally Ac¢¢pted Accounting Practice). In r opinion the finarKial statanents.. give a tru¢ fair view of the state of the charitable company's affairs 8$ al 31 July 2025 and of its incoming resources and application of resources, including its income expeThJilure, for the year then ended. have tten prowly pPared in ac¢ordance with Unilvj Kingdom Genernlly Accepted Accounting Pra¢ti¢e" athl have ten prepared in accordance with the requirunents of the Companies Act 2C(16. Basis for opinion We coTrJucted our audit in acc(Ydwv with Internation Stsndard8 on Audiiitig (UK) (ISAS (UKI) and applicable law. (r responsibilities under ttM)5e standards are fjJrther descriW in th¢ Auditols responsibilities for the audit of the fLIvdnctal statements section of our rep)rt. We are independent of the charitabl¢ eompany in acxordance with the ethical requirements that are relevant io our a111 of the fjnancial statements in the UK. including the FRC'S Ethical Standar4 and we hav¢ fulfilled ow her ethical reSn51b]lltles in accordance with these requirements. We believe ihat th¢ audit evidence we have obtained is sufficient and appropri to provide a b¥is for opinion. CoD¢lusioDs relatlffjg to 80lttg eon¢¢rn In auditing the fmancial stsiemenis. we have conclwleo that the lee$. use of the going ¢orKern b¥sis of accounting in the preparation of the fina141 sratrments is approprie. Based on the work we have perfoTm¢4 we have nol identified any m&trftal uncenatnties Telating to events or coThJitions that, individually or colltttively, may t $ilfie21 do on the charitable company's abiltty 10 continue &s a going concern for a wiod of at le&st twelve months from when the fla1 statements are authorised for issue. Our r¢swisibilitie5 and th¢ r¢sw1b}llIIeS of the tru#tts with going ¢oncern are described in the relevant sections of this repjrt. Otb¢r informAtio• The mtstees are restM)Lsible for the other infornlation. The other infonnation comprises the infonnatioD included in the Ul pOrt. other than the financial statements and our Re of tl Irmleptndent Auditors thereon. Our opinion on the finaneiai ststemeots drts not cover the other inforniation 8Th1 except to the extent otherwise explieytly Stated in OUT fEpoIi we do not express any form of assurance conclusion thereon. In connection with our audit of the financial swements, our tesrx)osibility is to read the other information and. in doin8 so. consider wIther the other inforn]ation is materially irKonsislent with the finartial statements or our knowl¢dge oiained in ihe audit or (thrwise appe4TS io be Tnawially mi&%tat)l. If we identify such material inconsistencies or 4)P8r¢M maierial misstatements. we are Tequired to detennin¢ whether there is a material rn15St4t¢men¢ in the financial ststemertLS or a tnaterial misstatement of the other infomiation. If, based on th¢ work we have wfonned. we conclude ihat is misstaknnent of this other Inforniatio we requi1 to r¢port that fa. We hav¢ DthiTE to in this regard. Opknion on other m*¢ters preserAb¢d by ¢he Compauies Ad 21MI6 In our Opinio based on the work vndertsken in the course of the a11". the inforniatioThgiven in ihe Reportof the TnJste¢s. which includes th¢di10T$. teport prepared forthe purp)5es of company law. for the financial year for which the fllLmcial statements are prepar¢d is corLSiStent with the financial stat¢m¢nts; and the Rewjrt of the TnLSttts. been in xwdance with •pplkc&ble legal requirernents. Page 9
REPORT OF THE INDEPENDE AUDITORS TO THE MEMBERS OF KVERSFIELD PREPARATORY SCHOOL TRusf LIMrrED Matters on whleh we required to report by exeeption In the lighi of the knowledge and understsnding of the charitable company and its environfflent 4)ttiined in the cours¢ of the 4udiL we have not identified matLYial misststements in the Report of the Tets. We have nothing to r¢p¢¥t in resp1 of the folknving matters where the Companies A¢1 2006 requires to report to you if, in our opinion= adequ acCnting re¢ords hve not been kept OT renm adequate for our audit have been received by us. or the fiMn¢ial statem¢nTs are not in agreement with the coUntIng records and retUrn5" or certain dis¢105ures of trustees, remutheration specified by law are not made. or we have not received a]1 the infomiatiDTh and explanatiotLS we require for our &j1¢ or the tnjstees were not entitled to take wJwdntage of the small companies ¢x¢rnPti fr(Kn th¢ tequiretnent prepare a Sirategic Report or in preparing the Rert of the TnLStees. Rtspon$ilJilitles of ¢rus¢ees A5 explained more fully in the Statement of TnLSi¢eS Responsibilitie& sd out on Foge 8, the tre¢S {who are 4150 the directors of the clwithble company for the pu[We5 of wrnwiy law) ar¢ resp)nsible for the preparation of the rinancial $ements and for being satisfied that tly giv¢ a true and fair VTew. 8nd for such inmal control the tnLStees d¢Ine is necessary to enable the txeparation of financial Stsrn that are free from materiab misstotemen¢ wheiher due lo frawj or error. In preparing the financial statemenW the trLLSes are r¢sponsible for assessi the charitable company's ability to continue as agoing concenl disclosin& &8 appli¢able, mattets related to going concern amd using th¢ going concem is of a¢counting unless th¢ tree$ eTther intend to liquidate ihe charitable company or to cease Operatiot or to have no realimic atrrsqtive but io &) so. Our re5ponjlbilities for the audit of the fwameial ststemeDts objectiV¢s lo obtain reasonable assurdnce aw whether the financial stm¢nts 45 J whole are free from material misstatement. whether to fraud orernw, and to issue a Repxt ofthe IndeF¢ndent Auditorsthat includes our opirtio Reasonable [ale is a high level of wurdnce. but is not a guarantee that an audit ¢onducted in aceordatKe with ISAS (UK) will 4lways detect a mateliai mi&%tstement when it exists. Misstaternents can arise from frwd OT error and are con5ider¢d m¢rial if. individually OT in th¢ aggrw¢¢. they could reasonably be expectedto infiuen¢ethe economi¢ de¢isions of users taken on the b)sis of these financiai ststements. ' Irregularities ineluding frawl are in5taTw of noAKmpliarKe witb laws and Tegulions. We design PredureS in line with ow resportsibilities. outlined alK)ve, lo detect matertal misstatements in r¢sm of irregul4ritte5, including fraud The extent to which our wdures are capable of detecting iTr¢gulari¢i¢s. including fraud i$ detailed below.. Our approach kn i¢Jentifying and &sse5siThg the risks of material misstatemettt in re5peQ of irregularitie4 including fra1 and non-complia1 with laws and r¢gulati0Th5. was &s follows". - the engagement partner ertsured that the etigagemenl ieam collectively h1 appropriate competence. capabilities and sktlls to identify or reco1 nOnOMplian£e with applicable laws and regulations,. - we identified the laws and regulatioffj applithle to the eharitttble cfjmp¥ny through discussions with directo and other managemeni. a1 fr(Kn (Trur knowleAJge and e4Deri¢nce of the sector. - we fo¢used onspe¢ific laws and regulationswhich weconsideredmay have 8dire¢t material effe¢tonthe finaAcial statements or the operation5 of the charitable company: - w¢ assessed the extent of cotnpliance with th¢14w5 and r¢guElon$ id*tified above tluough makÉn8 ewuiries of management and inspeclirtg cOrp. We assessed the swibility of th¢ ¢hgritsble company's finalat Stskments to material misstatemenL includiDg obtaining an UTthrstsDding of IK)w fra1 rni8bt occur. by: Page 10
REPORT OF THE INDEPENDENf AUDrroRS TO THE MEMBERS OF EVERSFIELD PREPARATORY SCHOOL TRU LIMITED - moking ¢nquiries of management io whtt¢ tsy ¢081dered there was 5U5ceptibility to fraud. their knowledge of actyal. suspect¢d and all¢ged fra(. and - considering the internal cA)ntrols in place to mitigate fisks of frawl non-¢omplian¢¢ wiihlaws and regulations. To ldre55 the risk of fraud thmugh maneMent bias and override of control& we: - perforned anal1¢1 PT(thlures to idenlify any unusual ty unexpe¢i¢d rtlationships. - i¢sted journal entri to identify unusual trantiOnS. - &s$esS whether judgements and assumptions in detem]inin8 UnlIng estimates were indicative of potential bias- at - invesiigated the lone behind significant or unusual trdll5action& In response io the risk of irregwl¥ities and non-cornplian¢e with laws and regulatior4 we deSid uTeS which irtcluded, were not limited to.. . agre¢ing firthncial ststement disclosures to WKkrlying supporting d(Kumentation' and - erquiring of management &5 to a¢¢u41 a1 tentI litigation and ¢laim$. Thert are inherent limilati(ffls inouraudit prncedwes described aiwe. The moreTemowJ that laws and regulatior ate from financiat transa¢iion& the less likely ti is that we would trcome aware of non-compliance. Auditing sttrtdar 81$0 limil the audit ptedleS required to identify Doft<omplIan with laws and regulaiioAs to enquiry of the directors and other management and t1 inspeciion of regulatory and legal WTf¢5pon&n¢e, if any. Material misstatements that i5e due to fraud can harder to than that artse from ernr they may involv¢ delibere concealment or collusion. A further description of our responsibilities fty the audii of the firrdncial statements is located on the Financial iieporting Council'5 website at www.frc.or -uklaudito res nsibilities. Thi5 d¢riptIOn fornis part of our Report of the Independent Audito. Use of our report This report is m&Je solely to the charitabl¢ ¢PAnY'S member& &8 a W. in accordance with ChapteT 3 of Part 16 of the Companies 2006. Our audii work has been undert•ken $0 that we might stste lo the charitable mpany's membe[5 ¢h05e matter5 we are required state to them in an audi¢¢x5' report and for no other pwpose. To the fijll extent perniin¢d by law, we do not xxept or &ssume ttsFM)nsibility to artyone other than the charitable company and the ¢haJitable C4Knpany's DKmirrs as a body. for our awjit worl f thi$ repoTL or for the opinions we have forme Mark McLean FCA Senior StaDJtory Auditor For and on beJ)aif of Thomas & Young l.imit&l Statutory Auditor Carleton Hous¢ 266-268 Strarford Rd Shirley 3AD Page 11
EVERSFIELD PREPARATORY SCHOOL TRusf LIMTfED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 Uthrestrlct Restrieted FuDds Fuods 2025 2024 Tot1 FuDds Totsl Funds INCOME AND ENDoWMEfS FROM Charitble actiylties.. Edu¢ational 4J19939 4,228.661 Ihnations and legxies 1<132 11.71 44.302 Investment irtcome 66J49 54.327 Totsl 49 781 41 130 4 327 290 EXPENDrruRE ON Cb#ritable activities: Educational tknnesti Support Costs U79,093 266,1 Ih22h55 617 2J63.710 26&187 1,432.721 2.216.074 250.458 1.398,422 10366 Interest Payable 2,087 Tot*1 705 3.864.954 NET INCOMEIIEXPENDTfuRK) 336527 Ail098 347N25 462.336 RECONCtLIATION OF FUNDS ToQxl funds brougknt forrd 5J52.754 29&6112 S,651 J56 5,189,020 TOTAL FUNDS CARRIED FORWARD 5998 781 5651356 CONTINUING OPERATIONS All Éncome and ¢xp¢nditure has arisen from coniinuing a1vIties. The no forni part of these financial stawnents Page 12
EVERSFIELD PBIPARATORY SCHOOL TRusf LIMITED BALANCE SHEET AT 31 JULY 2025 Unre5triLed R¢s¢ricted Funds Funds 2025 2024 Total Funds Total Funds FIXED ASSETS Tangible 4s5ets 192 173925 74 117 4 794 408 CURRENT ASSETS Debtors io 191289 I750 191289 2.033,425 114.538 1.893.692 135J75 1089.139 135J75 2324.714 2,Iy)8.230 CREDITORS Amounts faIling due within y¢ar (859513) (859313) (817.708} NET CiJRRENT ILiABILITIESyASSETS 1229.626 135575 lJ65201 1.190,522 TOTAL ASSETS LESS CURRENT LtABILITIES S797018 309AOD A107JI8 5.984,930 CREDITORS Amounts falling due afiermore than one year 12 (A08J37) (I(IW7) {333.574) NET ASSETS S689281 309 781 5.651,356 FUNDS ulriCted fillth.. General fund 15 5 352 754 5 352 754 81 Restrided fund5: 95.100 1.069 lJ35 IW2 2,685 S,487 83,936 2.271 lJ73 3,684 3,580 7.115 4,1 4.616 15,(M)O Swimming p1 fund Play Area fimd iPad fund Picnte Bett¢h¢s fimd Playground Resources fiu Piano fund Cricket Pavilion The E0 Grove fund ¢tdOOr Cla55rwm Espace fund Raindrop fund 4,154 Is,000 loj0 84J83 781 86,422 86,534 298.602 309 TOTAL FUNDS 998 781 5651356 The Th)te5 fonn part of these fInla1 ststrments Page 13
EVERSFIELD PREPARATORY SCHOOL TRiIST LIMTfED BALANCE SHEET AT 31 JULY 2025 The Chitable cotnpany is entitled io exemption from alIt er Section 477 of the Companies Act 2006 relating to small companies for ihe year ended 31 July 2025, &8 this company is 8 chariry, it is subjeci to audit und¢r the Charities Act 2011. The membeT5 have not deFosiied notice* piirsuartt io Section 476of the G)mpanies Act 2006 requiring an atyjit of th¢s¢ financial statements. The Tnjstees acknowledge their re5p)nsibtlili¢s foT (a) ¢n5uring that the ch&itsble company keeps xcovMÈnE Te¢ords ¢omply wlth Sectiorts 386 and 387 of the Companies Act 2006, al (b) preparing fl Twcial S¢ents which give a true and fair view ofthe state of affaiT5 of the charitsble company as at the end of each financial year and of ILS swplus or deficii for each financial year in accordance with the requirements of the Companies 2006 relating to firtancial stalernents so far &$ applicable to the ¢haTitabl¢ company. Tlwe ftswKiai statements have been prep#r&l in attordance with the special provisions of Part 15 of the Companie5 Act 2006 leIng to small ¢lwitsble companies.
)- The fmancial atements were approved by the Board of Tn on ............... on its behalf by". . and were S1cd TJBrain-Tn Th¢ notes fonn part of these fmancial sements Page 14
EVERSFIELD PREPARATORY SCHOOL TRUST LIMITED CASH FLOW STATEMEIYT FOR THE YEAR ENDED 31 JIILY 2025 2025 2024 Notes Cash flo from operati•g g¢¢fv111£9: C&sh generated from op¢rntlOll5 Int¢r¢st paid 234J97 1.004.057 Net Cash provlded by operating divitits 1004 057 Cash from lttyesling aclivi¢S: . Purchase of tangible fix¢d assets terest re¢¢ived (167.891) 61.617 (212,864) 50.846 N¢t ¢4sb used ID invtsting cfivities 74 162.018 Csb Ilows from fi•uciDg etivitle5: Donations re¢¢ived te-classed 11.41• 29.502 Net cash used fiDncing •etivitie5 29.502 Ch•Dg¢ lo nd eash eqllivlents io the yer 139,733 871.541 sh •Dd eqttlvlents at the bwB•iD8 of ihe yer lo9392 .022.151 C*sh and Lgsb eqyivaients at the elld of the year 1893.692 The not&s foro) of these fuwKial stawnents Pa8e 15
EVEILSFIELD PREPARATORY SCHOOL TRUST LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YL4R ENDED 31 JULY 2025 RECONCILIATION OF NET INCOMEJ(EXPEI¥DfniRE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net iucome for ihe year (as per the statement of¥•1 divitia) Adjustments for: Depreciaiion ¢haTges Int¢r¢sl re1vable Interest payable Donatlons r¢¢¢ived re-¢iassed Increase in de05 (Decreaserese in creditor5 317.425 462.336 2JOmS (66J49) 187.422 (54J27} (IA,410) (52.909) (193.035) (29J02) (29248) 467,376 Net cajb provlded by op¢r*tiDE #diwlties I rrt)4 057 Pa8e 16
EVERSFIELD PREPARATORY SCHOOL TRU LIMrrED NOTES TO THE FINANCIAL STATEME1s. CONTtNUED FOR THE YEAR END 31 JULY 2025 ACCOUNTINC POLICIES Bsis of preparin£ the fiDth¢i•I sttemeBts The finan¢ia] statements of the charitable company. which isa public benefit entity under FRS102, have been prepared in p£cordance with ihe Charities SORP 'Aceounting and Reporting by Charities.. Statement of RecommeTbAed Practice applicable lo charities prepaxing their accounLS in a¢¢ordance with the Financial ' Reporting Standard applicable in the UK and Republic of Ireland (FPS 102) (effective l January 2015).. and the Companies Act 21. The fin&Kial statements have bttn we9ed undeT the historicat cost conveniion. Ineome All income is recognised in the Ststemert of Fin¢la1 Activities onc¢ the charity entitlement to the funds, it is probabl¢ that the income will be received and the arnount be Measur reliably. For schTr)I fees. entitlement t¢gins on the day of tm and any income received for future accounting periods is defeTred inio the r¢lev¥N peri(Ml. Kxpettdlture All ¢xFenditure and liabiltii¢s r¢¥ognised as S( &$ ther¢ is a legat 0rconstntive obligation committing the charity to thai expendilure. it is probable thatatransfer of e¢ffiomi¢ benefits will be required in settlement aThJ ihe amount of the obli8alion cart be me&survd reliably. Expenditure is accowited for on an ¢ruals b&sis and has been classified under headings aggregate aLÈ cost relat&l to the category. Where Costs ¢aiinot be directly attrilvJted io particular headings they have bezn l<ted to activities on a basis consi5teni with the use of resourc¢s. Amounts are shown aet of VAT where VAT is able to be partly or fully recover¢d. TDgible fixed as$ With the exc¢piion of freel)Id laThJ. (kpreciation is &Ided at the following ai)nual rs in order to write off ea¢h a55et over its estimated usefjjl life: Fre¢hold Property 2%on¢o Furniture and equipneftt IO% on c05t ar1 20% on t<61 Mo¢or Vehicles Tai•¢ioD The charity 15 exempt from corpN&tion tax on its Charitse activities. Fund a¢¢0$1¥ Unr¢strided funds can be in ac¢ordanc¢ with the clJarAtabk objectives at the discretion of the TnLStees. Designad funds arr amounts which have Lwi sd aside at the discretion of the Trustees for a specific, but not l¢gaEly binding purph)se. Restricted funds can only be used for particular ies¢ri¢ted puryxw within the objects of the clwity. Restrictions aris¢ when specified by the doftor or WIM funds are raised for particular restrided purposes. Further explanationof th nabjre and purpose ofea¢h fid is i1Jed in the>teS lo the fancIal emen¢5. Pe$ign On l April 2025. following the outcome of the ¢onsultytion pr(*ess. th¢ school transferred its teaching staff from The T¢he. Pension Scheme {Ertgland and Wales) (the TPS) to the Aviva Pension Trusi for Independent Schoots (Apris). The TPS is an unfunded multi-ernployer defthed nefits pension scheme governed by the Teachers. Pension RegulatioA$ 2010 amended) and by the Teachers. Pension Regulations 2014 {a5 amended). Members ¢ontribut¢ on a Y as you go" basis with CtrIbUtIol frorn members WKI the employ¢T b¢ing credited to the Exchequer. Retirnent and other pensiort nefIts are patd by public funds provided by Parliament. AFfJs 1$ 4 defined contribution s¢heme. set up SpE¢irKlY for ind¢pend¢nt h0O]S who ar¢ member5 of the Independent Schools Bursar5' Association {ISBA). It is a Master Trust" a trSt-lsed pension managed by 8n indep¢nd¢rt TrStee. Pa8e 17
EVERSFIELD PREPARATORY SCHOOL TRusf LIMITED NOTES TO THE FINANCIAL STATEMENTS- CONfiNUED FOR THE YEAR END 31 JULY 2025 Share pIts1 The Company is limiteA by guaramke and doe5 not hav¢ shr capi¢al. The rnembers of the company 8r¢ the Irustee& The liability ofthe merntS is limited and shall not exceed £1. Oper*tlog leases Renials payable under Omin8 lea are charged to the statement of fmancial activities on a straight-line basis over the period of the lease. INCOME FROM CHARABLE AcrivrriES 2025 2024 Aciivi Edueation•l Educational Educational Educationat Fee in¢ome Minor tees and ra$ Holiday ¥tivity Mi%ellaneous income 3.788J12 37&438 25,088 128 101 3.851.821 241.317 25,559 4 228 661 DONATIONS AND LECACILS 2025 2024 tkn)ations 25 INVESTMENT INCOME 2025 2024 Deposit accourf interest NET tNCOMEI(EXPEI¥DTfuRE) N¢t ltKomel(experIluTe} is stated after char8. 2025 2024 AlitOrS. remuneration for acc(xmts Auditors. remratort forother services Depreciation- owned assets 725 198J47 188.491 TRUSTEES. REMUNERATION AND BENEFITS There were no Tntstees. remunerativn or other EertefTts for the year ended 31 July 2025. nor for the year ended 31 July 2024. Tnstees, expe15 paid for the year amounted to £nil (2024: £nil). Subscriwions to h0o[ governors &sociation amounting to £386 {2024.. £355) and govemor training ¢osts of £135 (2024. £nil) wue pftid in the yeor. Pa8e 18
EVERSFIELD PREPARATORY SCHOOL TRUST LLMrrED NOTES TO THE FINANCIAL STATE111¥fS- cOlNUED FOR THE YL4R END 31 JULY 2025 STAFF COSTS 2025 2024 Wages and salaries Social securty costs Other PelOn Costs U21.159 226004 431 14J94 2.071,736 197,780 358 287 2.627,803 The average rnonthly nwnber of ¢mployee5 during the year wa5 &S follows.. 2025 2024 52 Teaching Domestic Administrion Maintenance li 73 73 The number of employee5 P3id emoluments Wer than £.1x1 wa5 6 (2024.. 4). The number of employee5 Fld emoluments within the range of £60.10 to £69.999 w&$ 4 <2024 . 3) The number of employees paid emoluments within the Tange of £70,IKIO to £79,999 was l (2024:nil) The number of employees paid emoluments within th¢ range of £l(Kl.O(K) to £109.999 was nil (2024 '. 1) The nwnber of employees paid emoluments wtthin the range of £120,OiK) to £129.999 was l (2024:nil) Trustee xd key mana8ement Fersonnel remunerion berKfits totsl £165,960 (2024: £150.567). PeDsion Costs The employer ¢oThtribution rate forthe TeaclÉ¢rs' Pension is sd by the Seerttary of State following scheme valuaiions undertaken by the Gov¢rnment Actuary's tkpartsnent. The m05t recenr actuarial valuation of the TPS was FYePArtd as at 31 March 2020 and the vallOn RepoTL which was published in October 2023. The ¥altIon confirn)ed the employer Contriblon ral¢ for the Trs would in¢re4se from 23.6Yo to 28.6% fTom l April 2024. Employe15 also required to pay a xheme administration Iw of 0.08% giving alotal employercontribution rne of 28.68%. The pension charge for the period up to l April 2025 {when ihe tra[Cr out was rn&Je) includes employiy contributions payable to the TPS of £237,667 (12 monllL$ 2024: £311588) and at the y¢arnd £nil (2024: £38.852) was accrued in resr¢t of contriblOn$ to this scherne. Th¢ pension rlwge for the APTIS scheme in¢ludes employer eontributiofts payable to the scheme of £1,306 (2024: £5.801) with the minimum employer contribution rate being 6%. At the balance sheet date CODtribution5 lelating this sclvne aoting to £3J.713 (2024thnil) wete outstsnding. Memirrnhip of the Ind4rndent ASlatIOn of Pr¢p S¢hsx)l$OAPS) defined contyibution pension scheme is offered to other non4eacbing stsff and is also used in respect of the company's 8utonrolment obligations. The pension Charge for the year iludeS contrlbutions payable the schcme of £36.124 (2024: £39.99D with the employer contribution rale Ing 6Yo. At the balance sheet date contributions relating to thi$ scheme aMOuntll to £5.963 (2024: £5.705) wr¥e out1. Page 19
EVERSFIELD PREPARATORY SCHOOL TRUST LIMfTED NOTLS TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR END 31 JULY 2025 COMPARATIVES FOR THE STATEME OF FINANCIAL AcfiviTIFS Umre5tricted Rejtricted Ftsttds Fthd3 2024 Total Funds INCOME AND ENDOWME FROM ChritAble activities: Educational 154,661 74,OiKI 422&661 Donations and leg¥ies 14900 29,402 44J02 Inv¢stm¢nt Ioe $4J27 $4J27 Tot1 27 EXPENDITURE ON Charitable activities: Educational DOmeie Support cOS L151 J76 250,458 lJ88.180 64,698 2216,074 250,458 lJ98,422 A11342 Other Totsl NET INCOMFJ(EXPENDITURE) 433874 28,462 462J36 RECONCILIATION OF FUNIIS TotAI funds bnbjthi fornrd 918 270,140 5,189,020 TOTAL FUNDS CARRIED FORWARD 29 61n 51 Pa8e 20
EVERSFIELD PREPARATORY SCHOOL TRusf LIMITED NOTES TO THE FINANCIAL STATEMENfs- COlNUED FOR THE YEAR END 31 JULY 2025 TANGtBLE FIXED Assrrs Freehold lRd and bulldlDBs iture Amd ¢4oipmeDt otor Vehicles Totals cosr At I August 2024 Additions DisFxisals At Jl July 2025 183W8 1,023380 25,458 133,126 18 30 6 190 716 54,164 7361 J32 IS8,$84 47 DEPRECIATION Ai i Aug1 2024 Charge for the year Elimined on disposal Al 31 July 2025 1015J194 597.666 $4,164 2,466,924 198347 5,702 JO,759 673.4YJ 54.164 NET BOOK VALUE At 31 July 21n5 69 457 4,742.117 At 31 July 2024 68.494 425914 4 794 408 Included in cost or valw*ion of land and buildin is freehold land of £192.167 (2024:£I92.167) wbich 15 not depreci. 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trnde debtOT5 Other debtors Prepayments and attrwj income IS452 32.OZ9 143 191389 6.730 17.208 114.538 11. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YTAR 2025 2024 Trade ¢reditors )cial securtty and othu tsxes Other Creditors A¢¢n& and deferred I(•e 140,733 605 370282 287 93 13 97,549 46.547 367.180 817 708 12. CREDrroRS: AMOUNTS FALLING DUE AFTER MORE TIIAN ONE YEAR 2025 2024 tkferred income AW537 333.574 Page 21
EVERSFIELD PREPARATORY SCH(KPL TRusf LIMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR END 31 JULY 2025 13. LEASING AGREEMENTS Minimum lease payments under non-cancellable opeFing le&w fall due Ls follows.. 2025 2024 Within Qne y Belween one and five years After five years 19597 53ffi22 22.162 72,739 430 IS. MOVEiI(ENf IN FUNDS Movemettt ID fuDdy A¢ OAIOW24 At31mns Uorestrlcted f#dy: General fund 5J52,754 33A527 5,689381 52.754 336 27 5.689 81 Restrlcted Bursary fvnd SwiTDrning pool furyj Play Area fund iPad fund Picnic Benches fund Playyound Resourtts fimd Pl9 fvnd Crickei Pavilion The Leo Grove fvnd Outdoor Classroom E5pac¢ fill Raindrop fvnd 83.930 2271 iJ73 11.164 (1202) (381 (142) (895) (1.628> (40T) {462) 95,100 1,069 l?35 1042 2,685 5,487 3,664 154 15,0011 10,000 84J83 84,781 309 7,115 41171 4ffi16 IsooD 10.000 (2,039> 1,753 io 8&422 29&602 TOTAL FUNDS 5,651 781 Pa8e 22
EVERSFIE1 PREPARATORY SCHOOL TRUST LtMrrED NOTFS TO THE FINAi¥CIAL STATEMENTS- cOlNUED FOR THE YEAR END JI JULY 2025 MOVEMENT tN FUNDS: ¢outluied Net movanent irt funds. IRuded in the th)ve are as follow5: Regomrces Expended Movement ltt fond8 Uorejlrieted f¥Dds: General fLd 527 Restricted funds: Bursary fund Swimming fimd Play Area fund iPad fund Picnic Benclxs fund Playground Resources fimd Piano fund Cricket Pavilion The Leo Grove fund Ov¢door Classroom Theatre workshop FJpa¢e fuT RaindTOP fund 94321 {83J5T) (IJ02) (38) (lJ42) (895) (1,6281 11,164 (1202) (38) (1,842) (895) (A,628) (40T) (462) (462) 10,000 1360 (136fl) (2,039) 1.753 {2,039) 1,753 781 TOTAL Fu[s 4 412 130 347 425 Rtstrlrted fuuds Th¢ Leo Grove fuThJ represents morw dona*d by a parent for the puryN)se of tempordrily supporting other parents in the purch1ft8 of sKx)rts ¢quient or twing iowards instrumentsl lessons. The Bursary fuNI r¢pr¢5¢nts specific donations rtteiv&J. retsined deposits from leavers ond a trfer of UTtrestricted funds. The fund will be ed to provide meaL8.iested bursaries for pupils. The majority of other fill5 rePrent money d11nat for the purchase of a $petific a85¢1. The resour$ expended in Insta¢5 TeP[fflt th¢ d¢PlatIOn of the et over its useful economi¢ life. Page 23
EVERSFIELD PREPARATORY SCHOOL TRU LlhflTED NOTES TO THE FINANCIAL sTATEmE- COI¥TINUED FOR THE YEAR END JI JULY 21ll5 IS. MOVELKENT IN FUNDS. eODtioMed Compar*tivo for in funds Mov¢me•t in funds At OIIOf423 At 31107n4 Uffjrtjtrieted funds: 4.918,880 4.918.880 433.874 433 874 5.352.754 5 352 754 Restricted fumds: Bursary fuTr Sports Hall EquiFxnent fund Swimming pool fund Play Area fijnd iPad fijnd Picnic Benches fund Playground Resources fut]d Piano fvnd Cricket Pavillion Th¢ Leo Grove fund Espact fund Raindrop fimd 71.934 1,448 3,472 1.411 5.525 4.475 5.124 12.(#)2 (1.448) (1201) (38) (1.841) 1895) 1.991 4.071 4,616 15,(KJO (2.042) 1,753 83.936 2.271 1.373 3.684 3,580 7.115 4.071 4.616 15.000 86.422 86.534 298 602 88.464 88.287 TOTAL FUNDS 5.189.020 462 336 Comparative nel movemenl in fimd& Incl in the above were as follows: Expended In fuDd5 Ullratricted fumds: 4.223.888 .790.014 433 874 Restrlrted (umdj: Bursary fuThd Sports Hall Equiprnent fund Swimming pool fund Play kna fund iPad fid Picnic Benches fund 74.7CM) (62.698) {1,448) (1.201) (38) (1,841) 1895) 12,002 (1.448) (1,201) (38) (1,841) (895) F jll Playwund Resources fund Piart(i fid Cricket PavillioD The Leo Grove fund Libr book fund Espace fijnd Raindrop fuThl 3.015 4.071 4.616 15.(KX) (1,024) 1,991 4.071 .4,616 15,000 (2,0(M)) (2.042) ,753 (2,042) 1.753 103.4tr2 TOTAL FUNDS 4.32729) (3.8fA,954) 462,336 Pa8e 24
EVERSFIELD PREPARATORY SCHOOL TRusf LIMATED NOTES TO THE FINANCIAL STATEMENrs. coiYrINUED FOR THE YEAR END 31 JULY 2025 A6. RELATED PARTY DISCiLISURES There were lated party transaction5 forthe ye* 31 July 2025 or 31 July 2024. 17. ULTIMATE CONTROLLtNG PARTY The company is corLtroUed by the Board of Trwst¢¢s. Pa8e 25