Reglstered number- 02485159 Charity number.. 803481 Moon Hall Schools Educational Trust (A Company Limited by Guaranteel Trustees, Report and Financial Statements For the Year Ended 31 August 2025 Moon Hall Schools Educational Trust IA Company Limitod by Guarantee} Contents Page Reference and Adminlstrative Details ol th9 Charltablo Company. its Trustees and Advisers Trustees, Report Independent Audltors. Report on thg Financlal Ststements Statement of Financlal Actlvltles 2-10 15 Balance She&t 16 Statement of Cash Flows 17 Notes to the Financial Statefnents 18-35 Moon Hall School$ Educational Trust {A Company Llmlted by Guaranteel Reference and Administrative Details of the Charitable Company, Its Trustgos and Advisers For thg Year Ended 31 August 202S Designated Trustees A Turner, Chair E M Fitzgibbons AJGear L Grabau E S Hames G P Humphries T Jenkins lappoinled 4 March 20251 A R Killey R Markham-Jones lappoinled 25 June 20251 O Newhall A WaKord Company registered number 02485159 Charlty regi5tored number 803481 Reglstered office Burys Court Flanchford Road Leigh Reigate Siirrey RH2 8RE Company secretary and A F Owens Chigf Operating Officer Executive Head M Callerson Independent auditors Kreston Reeves Audit LLP Slalulory Auditor Springfield House Springfield Road Horsham Wesl Sussex RH12 2RG Bankers Barclays Bank PIC 87199 High Street Dorking Surrey RH2 8RE Page 1 Moon Hall Schools Educational Trust IA Company Limitad by Guaranteel Trustees. Report For the Year Ended 31 August 2025 The Trustees present their annual report, including the Strategic Report, together wlh the audited financial 51atemenls of the Charitable Company for the year 1 September 2024 10 31 August 2025. The Annual Report setv¢s the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm th81 the Annual Report and financial 51alemenls of tho Charitable Company comply with the current slalulory requirements, the requirements of the Charitable Companys governing document and the provisions of the Slalemenl ol Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 {effective 1 January 20191. Objectives and a¢tivitles Pollcles and objectiv&$ Moon Hall Schools Educational Trust is dedicated lo Iransfomiing the educational joumeys of pupils with dyslexia. Our charitable purpose is to advance education through the provision of specialist leaching, structured intervention, and pastoral support for children who strijggle to progress within mainstream sellings. Moon Hall School was originally founded as a school for young dyslexic pupils by Berry Baker al her home in 1985. In 1990, she donated the business and assets lo the newly established charitable company which she and her husband, David. had estsblished. In 2005, Moon Hall Schools Educational Trust purchased the freehold property, assets and business of Burys Court School in Leigh near Reigate. Surrey. This school is now known as Moon Hall School Reigale and teaches dyslexic children from Year 3 to Year 11 IGCSEI. We aim lo deliver liigh quality Specialist provision that meets the needs of dyslexic learners. Through our Junior and Senior Schools. we provide a first class education lo boys and girls from the ages of 7 10 16. We seek lo provide a slruclured educational environment wf(h specialist support fr)r dyslexia inlegraled throughout in a way that secures their literacy and numeracy, rebuilds their confidence, and identifies and develops their capabilities, competencies and skills. We promote the academi¢. moral and physical development of our pupils through our academic curriculum. pastoral care, sporting and other aclivilies. We provide an educational environment where each student can realise his or her polenlial. This helps them to mature into responsible young aduts with the confidence and knowledge they need to complete their secondary education and, in many Cases, tertiary education in mainslrearn eslablishmenls. Through their time in our school, they gain skills and knowledge that allow them lo undertake and benefi't from the opportunities, responsibilities and experiences of adult lifè. We also seek to instill in them an understanding of the needs of others and a desire lo contribute to the widei community. Moon Hall provides a full curriculum with the exception of modem foreign languages. This curriculum is enhanced to support our individual pupils with literacy and numeracy. Specialist support is provided in all subjects, thus limiting the amount of disruptive removal from class for one~Io-one luilion. In addition. we have our own in house therapy team who are available throughout the week to deliver therapy sessions lo pupils and are also on hand lo support staff, providing advice and expertise. The method of inhouse therapy provision is a different model lo most provisions for SEN pupils and ullimalely, is more beneficial for both staff and pupils when compared with the usual model of visiting Iherapisls. The Trust sets high standards and expedalions for both ils teachers and pupils. An important part of our ethos is that we are a Small 'family feel, school in which all PLJpils are known lo all leaching and support staff. We place great emphasis on the pastoral care and support provided for each of our pupils as we help them mature and learn lo take increasin9 responsibility. In selling our objectives and planning our aetivilies, our Governors have given careful consideration lo the Charity Commission's general guidan￿ on public benefit and in particular lo its supplementary public benefit guidance on advancing education and on fee charging. Page 2 Moon Hall Schools Educatlonal Tru¥1 IA Company Llmited by Guarantee) Trustees. Report Icontinuedl For the Year Ended 31 August 2025 Objectives and activities Icontlnued a. Policies and oblectives Icontinuodl Our primary aim is lo.. d¢liver high quality specialist provisioii tlial meets the need3 of dyslexic learners,. widen access lo specialist teaching local￿, nationally, and internationally., develop 51aff expertise in dyslexia specific pedagogy and research Informed practice., ensure strong govemanee and financial stewardship lo secure the Trust's long term sustsinability. The School admits dysl&xic pupils who come lo us directty, or are placed with us by a k)cal education aulhorty and who meet the other entran￿ criteria as lo their educational needs and behavioural conduct. In line with our school admissions process, Dyslexia landlor its associated diff1cuhiesl MLJSI be the primary need of an individual's making an application. In the year under ￿part, Moon Hall Schools Educational Trust provided several bursary grants lo families that would otherwise not have been able lo afford full fees. Our key objectives include.. Speclalist Teachers All Teachers of English having lor are working towards) an additional qualrficalion in special learning difficulties ISpLDI Many staff have additional qualifications to support Dyslexia land its associated drfficutiiesl INSET training for all on additional support provided by visiting external expertlse or using the expertise and additional training of our staff Slrenglhened SEN department with 3 SENCO'S. Outreach and Assessment Centre lead with Masters in SEN and Level 7 qualifi'cation Small cla55 sizes Ensures Teaching staff can implement inlervenlions in real lime Pupils not taken lo a learning support base - all support provided in the classr¢)om Excellent staff pupil relationships Class sizes of no more than 14 Pupil Outcome5 CAT lesling NGST lesling NGRT lesling Progress lesling Math5 and English Publlc benofit The Trustees confim that they have Gomplied with their duty under sedion 17 of tl)e Charities Act 2011 to have due regard lo the Charity Commission's guidance on public benefit. Moon Hall provides subslanlial public benefrft through.. enabling dyslexic pupils lo access a curriculurn that meets their individual need5', offering speciali51 leaching and therapeutic support that improves long term outcomes., supporting parents, carers, and external practitioners through guidance and resources.. conlribuling lo national and international understanding Df csyslexia education. For many pupils, the Trust provides an educational pathway that would otherwise be inaceessible, directly meeting public benefrt requirements through improved access lo education. Page 3 Moon Hall Schools Educational Trust {A Company Limited by Guarantee) TNstees' Report Icontinuedl For th& Y&ar Ended 31 August 2025 Objectives and activities (continued) b. Strategles for achieving objectlves Moon Hall Schools Educational Trust is governed by a Board of Trustees responsible for strategic d1￿CtIOn, financial oversight, safeguarding, regulatory eomp5iance. and educational stsndards. The Board meets lermly and operate5 through Gommittees Dver5eeing finance, risk, Staffing, pretrii¥es, educalioii. aiid safeguardin9. The Senior Leadership Team is responsible for the operational management of the Trust's schools, reporting to the Truslegs. Governors are responsible for setting a strategy and objeclwes that will help as many dyslexic land some other) children as possible, where they have failed to achieve their potential in mainstream education. In taking forward this strategy we.. Promote knowledge of. and access lo, information atx)ul what we do and have been achieving. on our website Regularty review and monitor the progfftss of our pupils Ensure the range of extra curricular and co curricular activrties available lo our pup￿1$ is slimulaling and challenging., Continue lo invest in technology infrastructure and make appropriate use of Al and assistive technologies for the benefit of our staff and pupils., Encourage Local Education Authorities lo place dyslexic children with us who could benefit from OUT educational provision where the IoGal schools do not have the skills or resources to provide adequately for them., Invest in the development of the school siles and buildings". Invest in the continued professional development and training of DUT staff., Continue with our bursari81 policy within our economic ability to do so., Explore opportunities lo expand our provision, both nationally and inlernalionally. c. Activities undertaken to achieve objectives Activities undertaken during the year include the delivery of full time specialist education al Moon Hall Reigale, targeted intervention programmes, therapy services, staff development and outr8a¢h work aimed at improving dyslexia provision more widely. Running mhac (Moon Hall Assessment Cenlrel Assessment Centre days at our Reigale sile, providing affordable gold-slandard assessments from licensed, HCPC-regislered psychologists and Iherapisls. The Assessment Centre was established in response lo the growing number of families who had been waiting Over o years for assessments and the challenges they fa￿d in finding the right professional someone both qualified and available lo carry out timely and accurate assessments. We felt il was important to help bridge that gap. Al ils core, Moon Hall continued to deliver exception81 educational value for pupils with dyslexia. Our specialist. research informed leaching resuts in accelerated literacy progress. increased learner independence, and GCSE outcome5 that often exceed expectations sel prior lo joining the school. Pupi15 benefit from.. expert teacher5 trained in how dyslexic pupils learn best., srnall class sizes and personalised support., structured literacy and numeracy programmes.. inlegraled therapeutic and pastoral provision. This holist￿ model enables pupils lo reconnect positively with education, rebuild confidence, and develop the skills required for lifelong success. Page 4 Moon Hall Schools Educational Trust IA Company Limited by Guarantee} Trustees. Report Icontinued} For the Year End9d 31 August 2025 Objectlves and activities Icontinuedl c. Activities undertaken to achieve objectives Icontinu&dl Key areas of dovelopmenl included.. adapting Moon Hall's specialist leaching model for use inlernalionally., shapin9 an incluswe educatiorral framewotk to support neurodiverse leamers. This year. the Trust also progressed plans lo open Moon Hall Cairo, an initiative that brings our specialist dyslexia expertise and assessments lo Egypt, being the first provision of ils kind in the region. The project responds directly lo a growing inlemalional demand for high quality SEN provision. This particular initiative supports the Trust's ambrtion to be a ￿CogniSed centre of exeellence in dyslexia education, nationally and inlernalionally, and strengthens our charitable impact beyond the UK. We provide a caring school environment, serving our local community and society. We PTovide a significant benefit lo the public through the pursurft of our slated aims. Our fees are set al a level that seeks lo ensure the financial viability of the schi)ol. consistent with our aim of providing a first class specialist education lo boys and gids al an affordable cost. We are confident that oui fee levels are not more costly. when all elements of the provision are taken into account, than the provision of similar edLJcalion would cost the slate lo provide in rt5 own eslablishmenls, were il lo decide lo do so. As il is, there is no slate institution that we are aware of which replicates what we provide. Our school welcomes pupils from all backgrounds. To admit a prospective pupil, we need lo be salisfied that he or she needs the specialist support which our School can provide and that we will be able lo educate and develop them lo the best of Iheir polenli81 and in line with the general standards achieved by their peers. Entrance inletviews, ta51er day5 and assessrnenls are undertaken lo satisfy ourselves and parents that potential pupils have the relevant needs and can cope wfth the pace of learnlng and benefit from the education and specialist environment that we provide. We are an equal opportunity organisalion and are commilled lo a working environment that is free from any fomi of discrimination on the grounds of colour, race, ethnicity, religion, age, sex, sexual orientation, or disability. We will make reasonable adjustments lo meet the needs of staff or pupils who are, or become, disabled. We are committed to safeguarding and promolirig the welfare of our pupils and expect all staff and volunteers lo share this commitment. Parents are given regular information about their children's social and academic progress through parent evenings in addition lo the traditional end of term and year reports. We maintain regular contact with parents throughout the year through informal contacts, our parent email, and texting syslerns and through our weekly bulletin. We have an active School Council wifh pupil represenlalives from each class and active Parents. Association. c. AGcess policy 11 is important to us that access to the education we offer is not ￿$tricted lo those who can afford our fees. Our pupils benefit from leaming within a diverse community. A great deal of learning Occurs through social interaction, conversation and shared experiences which helps our pupils dovolop an undorslandin9 of tha pers￿¢t￿e$ of other people that will be vital in their adult lives. Our Bursary Policy, together with our Local Education Authority placed pupils, ensures a wide access lo the education we offer and the facilities we enjoy. We admit pupils funded by not only our own Local Education Authority bul from a number of surrounding ones because of the wide catchment area we have. Our School is a part of a wider community. and we are keen that our staff and pupils participate. Page 5 Moon Hall Schoo58 Educational Trust IA Company Limited by Guarantee) Trustees. Report l¢ontinuedl For the Year Ended 31 August 2025 Objgcliv8s and activities lconlinuedl d. Bursary policy The Governors view our Bursary awards as important in helping lo ensure children from families who would otherwise not be able to afford the fees can access the education we offer and who for one rèason or another may not have been able to obtain support from the Local Education Authorrty. Our Bursary awards are available lo all who meet our general entry requirements and are made solely on the basis of family means or lo relieve hardship where a pupil's education and future prospects would otherwise be al risk, for example in the case of redundancy. In assessing means we lake a number of factors into consideration including family income, investments and savings and family circumstsnces, for example dependent relatives and the number of siblings. However, our School does not have any endowment and in funding our awards we have lo be mindful that we musl ensure a balan￿ between fee paying parents. many of whom make considerable personal sacrifices lo fund their ehild's education and would not be resorting lo the independent sector bul for their child's Special educational needs, and those benefiting from the awards. Information about fee assistance through Bursaries is available lo all applying lo the school. Further details of our Bursary policy and how lo apply are available on our website. In addition. in light of the introduction of VAT on school fees from January 2025, the Govemors have sel aside additional funds lo potentially assist our self-funding familie5 in order lo ensure that no child ha5 to be withdrawn mid-year due lo financial p￿sSUre$. e. Assi$tsnce for our staff As part of our emphasis on attracting and retaining high calibre staff, we offer a discount scheme where full lime staff members choose to educate their children al our School. Achlevements and perfomiance a. Futur& plans The Govemors regularly review and adapt Ihe1r strategies to a changing and competitive market. While other specialist dyslexia schools provide a broader offering lo include a range of other special oducalional needs. the key to the success al Moon Hall for ils dyslexic children has been the focus of attention on their specific needs and talents wilhoul distractions. Moon Hall continues lo be a proaclNe and fO￿ard looking specialist school. Moc*n Hall will be opening a new salellrte school. 'Moon Hall Copthome,, for children aged 7 to 11, located within the 55-a¢re Coplhorne Prep campus on the Surreylsussex border in September 2026. The satellite school builds on Moon Hall Reigate's internationally recognised excellence in providing mainstream education for children with dyslexia. Moon Hall Coplhorne is a dired response lo the lack of mainstream dyslexia education across London and the Svulh East. Thi5 addition will provide much needed provision for families across a wider geographic area and will provide the same Iirsl-class provision as Moon Hall Reigate. including the full national curriculum laughl by teachers tiained in how dyslexic leamei3 leafll best. This collaboiiatiuii wiu) Copthorne Prep, oiie of the Calerham family of schools, represents a progressive model that will benefit pupils from both schools and broadon educational opportunities in the region. b. Future planned developments Master planning project- creation of additional leaching spaces within existing sile Completion of roof repairs and replacement Guttering and downpipe replacement Window replacement andlor repair Improvements lo site drainage Page 6 Moon Hall Schools Educational Trust IA Company Limited by Guarantee) TNstees' Report Icontinuedl For the Year Ended 31 August 2025 Financial review a. Going concern After making appropriate enquiiies, the Trustees have a reasonable expectation that the school has adequate resources to Continue in operational existence for the foreseeable future. For this reason. they continue lo adopt the going con￿rn basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Revlew of financial results The financial slalements that follc)w this report show the current state of the finances which the Governors consider lo be Sound and have been prepared in accordance with the Companies Act 2006. Fees paid for the PLipils' education make up the most substantial part of the Chartys income and reflect the development of the Trust's schools. The result for the year is a surplus of £645,70112024". £542.2721. This includes donations lolaling £5,03012024'. £2201. 11 also includes non-cash expendi(ure of £286,133 12024.. £258,795) as depreciation of buildings, plant, and equipment. c. Reserves policy The Governors current view on the adequacy of the funds Total funds al the balance sheet dale were £4,679.229 comprising unreslricled funds of £4,678,88912024'. £4,033,528) and restricted funds of £54012024.. nill. £1,970,000 {2024.. £1,971,134) of the unrestricted funds are held as designated funds. Included within total funds are £4,477.786 12024.. £3,886,993) of tangible fixed assets. Total borrowing now amounts lo £1,341,559 12024.. £1,419,414). This borrowing was mainly required lo fund the new junior school block. The actual freehold value is significantly in excess of its nel book value. Unreslricled funds of £4,878,689 12024.. £4,033.5281 represent part of the surpluses achieved since the establishment of the Trust in March 1990. The Trust has net current assets of £1,582,358, which is in line with nel current assets of £1,595,100 in the prior year. The Tru51 is the process of comploling planned works for significant roof, chimnoy and guttering repairs with eslimaled costs of £2,000,000. There are also planned projects for the repair and replacements of windows, gutters and downpipes. Included in designated funds at 31 August 2025 is £1,870,000 allocated towards the roof works. There are also designated funds of £100.000 to provide assistance lo parents through means tested bursary awards due to the VAT on fees legislatDn whlch applles from January 2025. Available reserves are calculated as unrestricted funds less amounts lied up in fixed assets and related financing. Al 31 August 2025 these reserves were £1,542,45812024.. £1,565,945) bul after deducting designated funds thi5 leaves negative free reserves. This illustrates the extent of tho investment in the f1xed assets of the Trust, as is common practice by independent schools which have lo finan￿ their own capital investment plans. The Trust expects to move back lo a positive free reserves position by 31 August 2026. The overall intention of the Governors is lo maintain funds, both restricted and unrestricted. which they consider adequate lo ensure the successful operation of the schools and this is reviewed regularly. Page 7 Moon Hall Schools Educatlonal Trust IA Company Limited by Guaranta81 Trustees, Roport (Con￿nued) For thè Year Ended 31 August 2025 Flnancial review Icontinuedl c. Reserves poli¢y Icontlnued} R8stri¢ted and unrg$lri¢ted funds The acGouiils iiiake reference to General Funds lunrestrlciedl and Restricted Funijs. Restricted funds arg funds held for specific purpos&s within the objects of the Trust. Unrestricted funds are funds held for the general purposes of the Trust and for spending at the discretion of the governois. d. Investments policy There are no reslrielions on the Trust's absolute powers of investment. The Board's policy continues to be lo place any ielained funds on short letm bank deposit. Stru¢ture. governance and management a. Constitution The charity is controlled by ils Memorandum and Articles of Association. The Governors are the Trustees and the Directors of the Charitable Company. The Governors who served during the year are listed on page 1. Moon Hall Schools Educational Trust was incorporaled as Moon Hall School on 26th March 1990 under registered company number 2485159, a company limited by guarantee. It changed its name lo Moon Hall Schools Educational Trust on 1st June 2006. 11 is a regisleied Charity with registered number 803481. The school 15 governed by ils Memorandum and Articles of Association. The liabilrty of the members is limited lo £1. in the event of the company being wound up whilst they arg members or wrthin one year after they cease lo be members. Its primary objed is the education of children and in particular dyslexic children. b. Organisational structure and decislon-maklng policie$ The day lo day running of the schools is the rgsponsibilily of the Executive Head assisted by the Chief Operating Officer ICOOI and their Senior Management Teams. The following Trust sub-committees report lo the Board.. Finance, Premises lincluding Health & Safely), HR, Academic, Safeguarding, Govemance and Nominations. The COO is appointed by the Governors lo manage ils fin3nces and reports to the Chairman of the Board, and to the Chair of the Finance Cornmillee specifically in relation lo the school's finances. The COO also provides financial services and sUPPOrt lo the Executive Head. The Board of Gtsvernors meets al least once each term. as do the sub-committees, or more frequently as necessary. Policie$ adopted for tho Ind￿￿ton and training of Trustees Currently the Governors comprise all of the Charills Members. Govèmors are appoinlgd who have a special interest in helping dyslexic children and who have both lime and relevant skills and abilities to help the Charity develop ils objectives. New appointments are generally made of people who have already had some involvement with the school and have demonstrated their ability to contribute. Potential Governors are approached by existing Governors and asked If they are willing lo assist the Trust. The school may also, from lime lo lime. wnsider an expression of interest received in response lo an advert, when seeking individuals with specific knowledge or expertise in a particular field. The minimum number of Govemors is 4 and the maximum number is 11. New Governors are provided with a full briefing and a sel of the relevant documents by the Chairman via the Clerk lo the Governors. The Charty subscribes lo associations which can provide training for Trustees and Governors and are encouraged lo attend courses lo enable them lo keep abreast of best practice. All Governors are required lo undertake regular safeguarding training. Page 8 Moon Hall Schools Educational Trust IA Company Limited by Guarantee) Trustees. Report Icontinuedl For the Year Ended 31 August 2025 Structure. governance and management lcontinuedl d. Pay policy for kgy management personnel The Governors Consider that they, together with the Executive Head, Deputy Head, Assistant Heads, the Chief Operating OffI￿r and the Head of Operations and Premises comprise the Key Management Personnel Isee note 11 lo thg accounlsl. The Governors give their time freely and the pay and rernuneralion of the senior staff is sel by the Governors HR commrttee. e. Financial risk management The Trustees have a duty lo identify and review th8 risks lo which the charity is exposed and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. The Board keeps the schools, activities under review, particularfy wth regard lo any major risks that may arise from time to lime. and moni(ors the effectiveness of the system of internal controls and other wable means, including insurance cover where appropriate. by which those risks already idenlifisd by the Govemors can best be miligaled. Plans for future periods The Trustees have a duly lo identify and review the risks lo which the charity is exposed and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. The Board keeps the schools, activities under review, particularfy wth regard to any major risks that may arise from lime lo lime, and monitors the effectiveness of the system of internal controls and other viable means, including Insuran￿ cover where appropriate, by which those risks already idenlrfied by the Governors can best be mitigated. Statement of Trustees, responslbllltles The Trustees Iwho are also the directors of the Charitablo Company for the purposes of company saw) are responsible for preparing the Trustees. Report., and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 Iuniled Kingdom Generally Accepted Accounting Practi￿1. Company law requires the Trustees to prepare finaneial ststements for each financial year. Under company law. the Trustees must not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the slate of affairs of the Charitable Company and of its incoming resources and application of reSoUr￿s, including ils income and expenditure, for that period. In preparing these financial stalemenls. the Trustees are required lo.. select suitable accounting policies and then apply them consislenlly.. observe the methods and principlas of tha Charitiè¥ SORP IFRS 1021., make judgments and accounting eslimales that are reasonable and prudent.. slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial slalemenls.. prepare the financial statements on the going concern basis unless (( is inappropriate lo presume that the Charitable Company will continue in business. The Trustees are responsible for keeping adequate accounting records that a￿ sufficient lo show and explain the Charilable Companys transactions and disclose with 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. They a￿ also responsible for safeguarding the assets of the Charitable Company and hen￿ for tsking reasonable steps for the prevention and detection of fraud and other irregularilieg. Page 9 Moon Hall Schools Educational Trust IA Company Limited by Guarantee) Trustees, Report Icontinuedl For the Year End8d 31 August 2025 Dlsclosure of information lo audltors Each of the persons who are Trustees al the lime when this Trustees, Report is approved has confirmed that. so far as that Trustee 15 aware. there is no rglevanl audit information of which the Charitable Company's auditors are unaware, and that Trustee ha5 taken all tlie steps that ouglit to liave been l¢aken as a Trustee in Drder to be aware of any relevant audit information and lo eslaljlish that the Charrtable Companys auditors are aware of that information. Audltors The audit registration of Kreslon Reeves LLP was transferred lo Kreslon Reeve5 Audit LLP on 6 October 2025. Kreston Reeves Audit LLP were formally appointed as auditor lo the Charitable Company on 6 October 2025. The audrtors, Kreslon Reeves Audit LLP, have indicated their willingness lo continue in office. The designated Trustees will propose a motion reappointing the auditors al a meeting of the Trustees. Approved by the board of Trustees, approving the Trustees Report. including the Strategic Report contained Iherein, and signed on their behalf by.. A Turner (Chair of Trustees) Oale.. oi -& { Page10 Moon Hall Schools Educational Trust IA Company Limited by Guarant90} Independent Auditors. Report to the Members of Moon Hall Schools Educational Trust Opinion We have audited the financial statements of Moon Hall Schools Educational Trust Ilhe 'Charitable CompanVI for the year ended 31 August 2025 which comprise the Slalement of Financial Activitie5, the Balance Sheet, the Statement ol Cash Flow5 and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom GoneTally Accepted Accounting Practice}. In our opinion the financial stslemenls". give a true and fair view of the stsle of the Charitable Company's affairs as al 31 August 2025 and of its incoming resources and application of resources, including ils income and expenditure, for the year then ended., have been properly prepared in accordance wth United Kingdom Gener81ty Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial slalements section of our ieport. 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 basi5 for our opinion. Conclusions relating to going concern In auditing the financial slalements, we have concluded that the Trustees, use of the going concern basis of acwunling in the preparation of the financial slalemenls Is appropriate. Based on the work we have perfomied. we have not identified any material uncertainlpes relating lo events or Conditions that. individually or collectively, may cast significant doubl on the Charitable Company's ability lo continue as a going eoncem for ? period of al least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this report. Page11 Moon Hall Schools Educational Trust {A Company Limitsd by Guarantgel Independent Audltors. Report to the Members of Moon Hall Schools Educatlonal Trust {continuedl Other Information The other information comprises the information included in the Annual Report other than the financial slalemenls and our Auditors. Report thereon. The Trustees are responsible for the other infomialion Contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the extent othen￿lSe explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in dtsing so, consider whether the other information is Material￿ inconsislenl with the financial slalements or our knowledge obtained in the course of the audit. or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent alerial mi551alemenls. we are required lo determine whether this gives rise lo a material misstalemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misslalement of this other information, we are required lo report that fact. We have nothing lo report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information gNen in the Trustees, Report, including the Strategic Report, for the financial year for which the financial slalemenls are prepared is consistent with the financial slalemenls. the Trustees, Report has been prepared in accordance with applicable legal requirements. Mattèrs on which wè arè rÈqulrèd to rÈport by ÈxcÈptlon In the light of our knO￿edge and understanding of the Charitable Company and ts environment obtained in the course of the audit. we have not identified material misslatemonls in the Trustees. Report. including the Strategic Report. We have nothing lo report in respect of the following mallers lo which Companies Act 2006 requires us lo report lo you if, in our opinion-. adequate accounting records have not been kept, or returns adequate for our audr( have not been received from branches not visited by us,. or tho financial slalemenls are not in agreement with the accounting records and relums.. or certain disclosures of Trustees. remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responslbllltles of trustèos As explained more fully in the Trustees, Responsibilities Slalemenl, the Trustees Iwho are also the directors of the Cha￿table 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 intern81 control as the Trustees determine is necessary lo enable the preparation of financial statements that are free from material mi55talemenl. whether due lo fraud or error. In preparing the financial Statements, the Trustees are ￿sponSible for assessing the Charitable Companvs ability to continue as a going COn￿rn. disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate the Charitable Company or lo cease operations. or have no realistic alternative bul lo do so. Page 12 Moon Hall Schools Educational Trust IA Company Limlted by Guarant991 Independent AudÉtors' Rèport to the Members of Moon Hall Schools Educatlonal Trust Icontinugdl AuditOTS' responsibilities for the audlt of the financial statements Our objectives are lo obtain reasonable assuran￿ about whether the financial statements as a whole are free from material misslalemenl, whether due to fraud or error. and lo issue an Auditors. Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit ¢onducled in accordanc8 with ISAS ILIKI will alw2yq detpct a material misstatement whèn it exists. Misslalements 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 statements. Irre9ularities, including fraud, are instances of non