AL8YN SCHOOL LIMfTED REGISTERED CHARrrY NUIIBER SC0083 COMPANY NUMBeR SC026743 CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 12 CARDEN PLACE ABERDEEN A81D 1UR
ALBYN 5CHQQL LlWtfED CONTENTS Pa9e TrLthes' rewt Indepwdenl 8LKliWs 9-11 Slatementol fmarKaal aCtIS 12-13 Balar $1*8t Statementaf Gashfitrjjs 16 Notes tothe finant¥alslaierrLs 17-39
ALBYN 5CHQQL LlWtfED TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORT AND STRATEGIC REPORTJ FOR THE YEAR ENDED 31 JULY 2025 Tha TwsiÈes weseni I1r annual rtW1 arwjfinamxal siatwients the yearer 31 July 2025. The finanual slalemenLs have been prepared in acC¢)rd¥ i"th accountiry KieS t wt in note 1 to the financial statemonts and ComFY with Iho charitable cPalS 10rartn and Attides of ASalln Charthos ard Ttustee Investrnent Iscouandl Ad 2005, Ihe chath ACnts.scoI Regu1 las aMeredId.AcC0lIg and Reportsng by Chartbes." Statetnentof RecarnmetNled Pr&tLe lo thtse5 wepariDg IhfflraEEDunts in aGcordan(x YJlth Ihe Fnancial Reportin9 Si8nO¥d UK of ITrand IFRS 1021" leffeai¥e 1 January 20191 Obj2CtNes and activthe5 principal actmty ol the eharitsNe (fJrnPaly set out in Ihe sikns g)veiniw dITrt the er)randm and Articles of AwJa8tiLm, continuesto be the cond1 of a¥clKMA on a rts. As a {ThseqUen ofth15 has alus furtaK purwses s¢nooi m8k6s its resowces ftpU u8e and iThknr#J rwms hals. The schorA rnainlains a fee assrsled scherne a rn5 lested in order to putxls to attend AbyTr Sch1 WOU not bè abltr to do $0 Wthts fina81 a$1¢. Fee redLthtts as a of this scheme lang8 from 2A to ICKJ%. vaue ollhe fees assiS[re knd dBlfjM1Th an1 ty the Inv8slment powers ar8 gov8rn•Y by Ihe aThY Arthyes ol A0>at. perrnrt the fvthids lo b8 inv&sled ID Ihe rnannershown In Ihe Inamal 51aknents. The Albyn fow$110n The FoundaiK)n a Charitab conwanYwch is a 5th$lary of Ajbw s¢) Lrnited. Il's main objective the advancement of edw8tion berefil. The fOunJa1 aims ro ra monEs through arious tundraisrvJ ilialives and donalions IDr the wrpose ol granbty atKI establi4irvJ [sai5. sch(Aarthips. and piizes. These bursanes. SGFKklar5hips and wze5 Mll be avratded to Y CharItaE educalKnal estatrArthtnenl wroved by the tFuslees and to puixls 8nd Sdents Sy1n9 al any oflhese aryoved ¢8181 eststAisM)ents. Strategic report TFP dpsGIipbons undBrlhF headiws-AthBvfjwts and [[[-arVj fintyal tF¥iW+V' tnBel the g)mp*y L8w requirefftents forthe Trustees lo sKesenta strategw"c reFxrt.
ALBYN 5CHQQL LlWtfED TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORT AND STRATEGIC REPORn ICONTINUEOI FOR THE YEAR ENDED 31 JULY 2025 AchI8M0nts and pgrformanco IntroduGtior5 Ths rep(rt summ8fises Ihe life 8nd SCW 12 1 &W4ust 2024 10 31 July 2025. PuplRoll Dunng Ihe pen of this rewrt Ihe SCh(X a dease. The roll Wd5 E49 at the start of Ihe acadeffl lear in August 2024 and decreased to 612 by the start ol he new acadeffl Ye in Augjsl 2025. The rol in Nursery redUd during same ptrric trom 84 10 74 with Iro 8v8r)è b8wvJ o1LK) d179 th8 y as knls jcin•J roach1 ths kty 89as two ree years old. A¢adernicthtevemwrf5 The sth(x)I continued to See eXcelnt of ale[en1 in senKY exannations. The tA)le bdow 5trK>W So¥e key mdncs". Nationa 5 IS41 Hwjter IS51 9r AdVand IS61 88% Passed IA-CI Giadc A-6 93% 74% Grade A 65% 55% erall, these resutts are On agaw) very striw and eVKIen Ihe dedication of tx)Ih Ihe pu and ieacher5 over a Sustained peri as wel asthe.eSwr w(NKd by tt sdKKA to hdp (xjr Me1ra(Zdec goals. 5chtxY contsnued to ex¢d in Ihg 5wxbwarena b5t ygar. In hDGkey. fve putxls rewesented the sckKxA a(ross the Granite Cty rnen 5 teams at sCotth Hockey Finals. Two senior scho& 9irfs sdected 10 reweseni the Nrth Difl in the Sth)tbsh F)¢key U17 Ntrib81 SQU for 202&26. TFR) Senitr Fbckey Fi%1 Xl were undefeatsd In th8 regow quifs ieWeserpj th8 of Swiland 481r1 lh$ Swth. In athlebcs. were iN1NoI P7 and Sl gits in ts Scottth S¢W4s Road ¢OnshiP races. which. botr cases. were repeats of n5 In the wevious year. S1 girfs won the team gokL a150 repeabng th8 su(xess of preVu$ year. In netball. the was re[KeSled tl Al)eThleen thstrt by Ilyee senK)r girfs )SS the U17 and U15 aje groups with rrfthe pupls grAfvJ to represent 5marK1 at U15 Nathy1 Academy tOLYnamenl he in Enyand. Th8re wereabo olherrK)tablp SIKse5 in Iwtbal. awKJ golfthrol0UI Lhe yBar. In M8rch 2Q5, Ihe sch(KA ho5 wan11 (wr Cxoss County chamFon$ps Iwentrfftfth til, whxch aurac ver 1.7 kS al across the East. B(th staÈ arKI Ieperent represenled giwng chldren an Ideal opwjrtunty to gel actiNe. This a key event In Ihe Scl'S caTKI and the airn is to (xjntinue lo grow pa1patIOn e yaar, in¢lJ1ny as many new s¢hty)k as posb. In thè same n. the hthj Abd Tr Champ¥Jrthips, which were also on b) all schoo6 in the and iJer weas. Charitable staliJs8nd (ani8bJe Ttrt ser ccntinues to offer In4ir the Vans reed tre Olfice ol thÈStotbsh Charity Re9Llalor IQSCRI During the 2024-25 year 57 frrrfK $8 recerrt lyr6 lesw gJPPOrt. 34 of wlY)m recei 100% assistsnce total value atlhs In fee ter. equaknl to £787.7. During the y8¥, CMlinu•Y 11$ associatoi wth Edinburgh Renthry. a Llh-based SO¢kg18nlerpris&. tho aim io put an end kn waste by peop* c(wnmwitEs the S15 arKI LVkKwlunitEs to S¥e rnore sustsinably. Over ffiy persM81 c£Thwters. xreens ar other ff hathare were (knaled ¥thi¢h ewred these woducts cwkl be rest1 rpused byf11.eS thatwOU othSe tK)I b2 ablp to aff¢ thvices.
ALBYN 5CHQQL LlWtfED TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORT AND STRATEGIC REPORn ICONTINUEOI FOR THE YEAR ENDED 31 JULY 2025 Jr ¢ommmity tontimups trj bÈ enttwrdgÈd tts ¢t¥ikntArtÈ trj a trJtture of 9MfVJ. of our four dans 898in selected 8 numb8r of k¢81 ch¥nl$ al Ihe beg•"nnirvJ ol Ihe ith (kJnaIS mad? from funds raised duriwJ In-s¢hool events. The charities chCen Ihis year were CHAS (House . (r(k)nl. Refugee Unk?n (House . DougL4sl. Charlie T(xld F(xJndalion IWou5e- F(ths1 ar Brain TutrK)ui CharTly (Pk)e- Sknart}. The O1¥eMt of fo cjasses in eSeknng selecting their Clan charibes r9nr0S ae[SHp. learTrwrt thinng skilLs. Whi ensuring that studenls hav8 a real voiGe shaping Ihe schoDI'5 Charitat itnpact. These iniiatives detnonstrale the schod s comtniltnent tD social Yesponsibilily ¥fKY the Albyn values of enylhy. gen4ly, 8fhJ cor(Ymunily engagweni. Tr schod also hehy olher haritab events suth as setbry up a Gmro Tree, wtrich has reNed over 120 donabons across the h0O1, our Feel Festive - Selection Box Appeal. kyith sectn boxes bng ¢kxwled to var5 charities Incl110 VSA. kncal Gare homes, Instant NehbOUr and AtEmeceswtses. As part of its Fediry Charilth canwavJn, tIE sdKxH ma(k a F(x)d Bank dDngt rive to b8nefil several l(ul fo(¥J banks. si8ifmg mattèrs In jary 2025. ¥ reuurfmenl rwcess ify)k yace 10 3prxynl a rew He8dte8thr to the sch?. hAr De1 Ststhck. w¥$ forThally app(xnted. haviw been the Head1eachw[eAprI 2024 arKI teactrmng attthe sch(x)1 gn(x 2013 In ordèr to stierwlhen key stsattsji artra5 afKJ ènsure leadÈtship across ali areas of the sdx)fs atliwtie$ both teathing and p[r)le50 serwces areas of s Lpadet5hip Teatn ISLTI wa5 reslnxlurBd the Yr. Tris wll also deliver Cxlst sawrys li yeaE. These rhar¥JeSttt effect from l Awsl 2025. Th8 school undertook a rewew of the day-tw culture cald 'PAJilding Bekwing. whith had widwread 51aff engagemetrt in al are35. A rge of cm5Jucb¥e resuPed. wtlh a to continuing kn enhan Ihe working environm8ni for al siaff. oflh? ktry a¢tsMs r8wltad in a arwalsl4ral reWeWs8M fortha vknl& schwl. Staff turnover for the rernaed k)w. in line ith we¥iou5 [s. Duri the rA)urse of the year. the srJKX)I saw 2 slaff relye 8 other av$. There were a 12 slalf as a Tesult of tre conclusiw t1[ fixed lerm wntracls wheie they had be ervjaged to cover maternty aVe. Iwterm sI(rSs orwEte urKlutthtVJ speGrfIc short4ettn proi8cts. school also Weltomeé 7 new wnbets rl Stsff Fllo rcAes. Absence leve& due to SIckrSS statt [erTra bekM se(kn average an empwe aSSL%e proyfatnme is in ple. ak>w with O¢cupaiK>nal Health servles. io support The srthfyy ¥tso bunched rew Staff, which nclu¢ed MetK)wse al Anti BUtyg atxl SubstaThxAJNJse. Albyn Sthol conbnues to be extensDiely inNIveI hi Ihe zcbvthes Jf Ihe Ql[leaOn5 Authorty ISQAI. In 2024.25 ¥orne of our leaching staff were InVved SOA thitses across a varEty of subjects 5uth as Biology. Business Management. Econottics. Engineering Saen. ErvJksh. French. 4¢st(ry. M21h5. Mod1 8iudies. mC. PE, Spanish Statistic5 and at al lerfels". Nati(Th14. NaIion 5. Hvjhprand AdVd eT. Ajbyn teathers have Thrked ex4ffl5 al 0[ ( m? levels and alw ba ass&s8mwi m*%vers. leam b8d8rs. avent verfws. Weslion papar Quality assurtrs, WSSlknn writers w visry assewrs. Fiirt(Ira161IwprtKes Lookng ahe811 Fundrary B now a svJiwfi£ant part ol Ihp sch(KA's fS due to extetnal fth imting (xJr13rgest tradInal income slr8am and Dufcosl base. M(Ke details Bre in the Fat?l View.
ALBYN 5CHQQL LlWtfED TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORT AND STRATEGIC REPORn ICONTINUEOI FOR THE YEAR ENDED 31 JULY 2025 Flnan¢lal rovlow Fee assistance scherNJe Tr s&)1 coniinues kn offer 8 pro9Mn or ree asys s ¢)pen kn any family, psen[ or prospedi¥e. where U pr¢sp8a ol payiw full lees Is rrtthibibw8. In to alkw abl? writs %tho fall into ihs ¢gory lo berfil from the educali)n provided by Albyn S¢Fwl 8ppS¢#ws are invited paren& F>nity irwT ts tYawred in 10 d818rn1ir whether they ar8 eligible fty fee asgstsnce. As noted on page 2. pupi from primary 6 to sett1Thry 6 ber from the ptowime offèe asstsknce. In 57 pupils I 2024.. 55 pu1$) were awarded fee assistsnce. 34 of th)m r8cefv8d 8SStst0r of 100%. Th8 Cost of the fe 8ssistsn¢a wa5 £843,é2412024". £7i8.7651. Thp Aknyn Fndal IhB Io as¥51 farn115 receMrKJ f assiarc8 fLrlher by way ofeDnknln tow¥rds th&r exwses. No ch wasrequeedduriThJ the year. Finall Tolal in¢onE for Albyn Sehcd amounw 10 £11.163.173 {2024." £12.122.6311. The key perf(xThae irle810r fee incfxy which w8s £10.6M.79212024." £10.167.2951 Te exrthditurt8nKwni¥d 10 £11.744.64012024." £11.434.2181'Nith tha main caleg(Ky of expenditure aGn bÈkig stsff costs have InCraSed Irorn t8.049.641 In 2024 10 £8.277.546 in 2025 Average si•f nuThbet5 throug1 the year were twoadky Ilal detxwtwJ fr(Mn 165 in 2024 to 162 In 2025. An overg11 net deficrt 01£579.961 12024 £690.238 hs been gen9r8J. To1 d$sned I0¥ JnI?0 10 £868.(K)112024". £.[1). Thes8 relai8 10 legswlich w8re18ft byfomiei pulS Total fund$ of th8 EtharfaLle coryèny attyxvrt to £6.43425312024". £7.014.2141 arwj Ihis corNsts of unrestn¢ted funds of £ 4.977,82012024.. £5.2.304) desgnaled IrS ol £e68.(M)112024.. rth68.(YJ11 aThl resbicted funds 01£588.43212024'. £ 593.9081. Cath al bank in atthe year-erKJ atrK)urrtl to £585.606 IJJ24." t1208,5} thegp. Barl¢ debl year-end %%¥s 99).52513)24: £4.449.6821. poli¢y FL¥)ds hdd by its schcd a. Unreslricted funds. ¥e fUS Ihat can bt Ltsed the thatikNe aithe discretK)n orth8 goVè[rS. Degnaled funds. alundS Ihal have be set aswle by ltro trustees speofr wir)ses Reslncted fund5. sowces offijnding recothl 5yatety ¥there restrictsonsare vnposed bydorS that arenarn)vr Ihan the 5chix)fs overdl Chartsb obFct5 It B¢arrfs iOn io devel(p a reswves that iruease maintain an 8ppropnale levd cl unrestride vthing capital funds into the fulwp The polGy %Yll e[j[e the is finatKialty secure foy the lory term will provvj Ihe furxls tOSup rts str81egK air(6¥Th1 ebpatwes. The tota reserves kne sclKK>I GonSt of unrestrLt& arKI restrithl {apS. furKls diredy rdaled to asset purchases, Prize Ènd otherfundsl. They are wholly iwexed in fèclitiÈS ertsuri thAt ddy-itrdèy edutrAb(fftèl needs Ère met. The s thoDI h& made u88 of faciltknes In oreer lo finatKE rnaior c4itsl eXlIu[e p[Dtt$. 11 ts Ihe lard in18nlK)n to reastr rerffi finatKes JW ¥J 10 r8duGF lo 5upk¥xI the IviutB dF¥ekJwniof IhB sthwl.
ALBYN 5CHQQL LlWtfED TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORT AND STRATEGIC REPORn ICONTINUEOI FOR THE YEAR ENDED 31 JULY 2025 lai0TS The Board is resre for th2 managevrent of risks faced by Ihe S(1K>. Risks are Klenlffied. assSed and (x>nlriAs esiabhshed tr9)ut tre year. sttth¥ tisk revtiv pr(Kesses a¢ uken 8mJally. Through these processes U Trustees ar8 salL8fied ihai m))r rÉks Hknlified bew J8ty8IY Mil where r¢o5¥8ty. 11 wonis8s that systems can offly Pvje rea$ae. bul ¥bye. assuvtt lh maic Tisks have adequafrty manèd. The proc8(knral wnlroLs used to manage ihs sch(A)fs risksarg 8sf(Ak)%Ys'. Clear terffts of refÈrÈrtÈ for toles antt resKth$blitS. fts[ff ayer8 kn Board mÈetin99 bJ the Schtd Leadetship Te¥m (TI. CLynprehensve Strateg IJka1Kr plamiro. ivdgetw. mwennl ¢ontrd faral reptrting. ¢(dLe1&d a Board and SLTrneetngs. Cle¥ struclured lines of repDrfitNJ. Fottnal approved Ymtten pole5 Whe [eSsary. Cle¥ autrE8n and apwoval w al kv. ' Foimal risk raLiSter and marw)n•ttrrfc¢8s8 caryi•J tyjl aUalY. Risk Man8geMentlI&e$ 8ncl0tyedes school's op8ralions eiposo il kn a vely d fn>KJ¥I 0r lisks indLwYiw cr8dil. liwhJity. intsresi rale and reputationalrisk.. C(t risk.. The sChoS rnain 50uTe of coMe fees thich are vEwed as crEdil risk. Th8 amnI of exUre a5S&5sed resNJlatly by Ihe Boad. L4uidity nsk. The sthcd's poIY Is b rn8intsFI ¢ash b8Lgrtrs we sutttienl for its operatsons. The external faclrxs mled above have increased Ihe risk in th and is a further rea lor th& scIKK)I's fo¢u5 1 generathg ottr Income SamS and cost S(e5. Interest rale.. TIE Scho has lOar a¢crue inleresl atfixed wdrialAe rales. Reputabonal." The SGtvJd. e any oltr itvjeperthnl Lpwdles in enrL[nTrt wlich, by ts very tlUre is e¥ro5ed to rekwtsiKral risk. Plans forfwlu period$ Thp cdebr8tes 100 yÈats in its CreI homtr in 2025 pl$ use Ihts Iman1 Mi$10ne as a Lgunch for our fwe year Fundiai&ng stsalgy. Th aim of ihts rai8gy i? to suppkn6ni tradilixal la& irthm& 1h phiLgnthio•¢ don81ions to be used to lund iwo W caryagn5. Wh fixm pwiof sch'S StratesY"c an. The frst of these Is r-spas lo Grow- iliative. v4hiGh focus on the evekYt of our Cu'S RO puS foGusing yfiCAllY on the redevelopment Df ults'1 pkyyiuuiids aiid and akn Ilie baitsf(miiI ol uui diiifpJ atid s[al liuJ. secuiid priofily is establishment of Ihe Abyn But5ary Fund whth will Bn5ure It sth(MA Glll continue lo fuKIl ts fndIng principle Df empowenrwK through OPFthunity by mirg an Abyn educ¥bon ee$s1ye lo raknted pjpds from 81 b8c9rounds. 11 is expectal that the wll (nue to chaIrst0 pupl llLyDbe In the atKI tetms due lo Ihe commerck41 headwinds affcbNJ thè 6t(¢Y in Aberdetrn the SLyrnd1 a. The $¢hO Wil ¢ontnue tts ensure thai ts ts)st base isa5 a5 pOlIe to ThillThi5ethe I[Tr that ry redK in f InL0 rnay ve on ch o¥v Structur•b 9ovomDnu and man•w•nt Albyn Sthad LimrtÈd IS a charitatre Iirrnted by gjaranl. •rated on 21 Dember 1918 (company registration number SC0267431 and a char1 rwi5terd in SCod Icharity registrakn number SC(K>B3921. It 15 gov&m8d by ts Metnoran(lJtn Arlides d Assoction.
ALBYN 5CHQQL LlWtfED TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORT AND STRATEGIC REPORn ICONTINUEOI FOR THE YEAR ENDED 31 JULY 2025 IkganisaEional slructurp The school Is adrnirustared by its govuncrf&lnLStees. A PR of extstiry selects member5 Df the governing tr)ty. There ar£ tsvo ways ta obtan nOrnInati. A M&be[ Ihe swxxt LI al least Ihree other tnernbers n the ft>m ol a 5itnpKg létt raqllt that nam@ is addd lo 1st of lo be for e18cln ss a gDv8mor at th8 AGM. A rnember or nIKHenbPr can be enti by a? eK5ti(VJ JD¥erTK>r and be asked if he[5 YUld rAsIder bping a vgrnor orcn pwsonally trxwFss8n inieiesi in becr 8 eirF¢Yy. Govemors norrnally sep a period of fve year5 and rnay be rectl for a further period. Other than Chair, Mrg of the B08rd art not ièmneram ftr wvices thèy wovvjè but can bè ÈXPBCt to give a great many The gov8rntys me81 r8wlarty lo administer ths act of the schocA, tog$lh$r th Ihg Financs and other SUc1ttee5. have theydeCDS raljfied by the Board. The day- t(daY tnanagernent of the schod Is undertd(An by Ihe hpÈdteathÈr, and thÈ of the SLT. The ¢f FinKtr. is mainten)tÈ of the finandal cord5 of the sdN)d. New governors are erwurad to r¢jp alw sernw5 ts1 are runby aFyrw4te Org8 Inducbon and I1Th9 oflhe govemtys Isseen 8$8n r¥crtess. Tr gts¥emcws ha% wewed di8VJS88d Ih "A¢counlFig and Repming by Ch¥ilS". slen1 of Practic8 app&¢ lo ch¥tses prepng Unts aCc<)rdan wth the Finaal Rewting Sts[ app the UK and Repu ot Ire&nd (FRS 1021". Key rnanagetnenl pennl (the SLTI ate rewKJnetat referen to itNlepEndenl yJtvey5 for axnpardlive schwLs pay scks for the ate sedor equN¥lent The Boards Rvrr¥tTh vcthf)ittee nts nalty to ¥Wre 811 pay awards. Rolaticshlp hvith r91atBdpartY9S Th8 Abyn Foundati Is a wholy 078 subSwJty of byTh s¢XI Lmhj. Graerne B1 Is a diractoc of Th8 Albyn Fwndaban and akn a trustee of byn sc ffiited.
ALBYN 5CHQQL LlWtfED TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORT AND STRATEGIC REPORn ICONTINUEOI FOR THE YEAR ENDED 31 JULY 2025 Rgferonco and nIStratIV InfOrnon Charfty narne Charity number Comparby number SC026743 Bwne55 Paull LLP HBadtea¢h•r David Stathck KÈY Management Graen Patk Prfn¢lpal addres$ 17.23 <een'S R03d. Aberdeen. 15 4PB Registered office 2 Manschal Square, Atsrdeen. AB10 Itx) Audltor5 MHA. 12 C8rden Place. Aterdeen. ABIO IUR Principal bankers HSBC, 9&99 Union St( AbptdBen. AB11 Soll¢ltOfS 8LYne5s Paull LLP. 2 ar1 Square. kndeen. Al0 1DQ Inve8tmerffvnd man4g¥r & G Inve5trnents. Govern$ Pthe. EC4R OHH Trust995 TFE Tslee$. who thè dwECt(Ms forttr* puwposeof¢offwary L. arvj durirg the year arK1 up to the dè of signawreof the stalernts wwe. A Hutch Yule D Kkckan G Btrll G Rogers H McLeman J Webster J YourvJ (Chairl L Clark M Barett M ThEI S ¢JivEr (Res90 31 ALgJSt 20251 (Ar¢Knted 4 Swréw 20251 (Regned 31 Juty 202SI IAFW"nteO 6 Januwy 20251 IAFyMnled 3 Septenthr 20251 {Rne 31 Juty 20251 {Apyynted 4 Nrfernber 2025}
ALBYN 5CHQQL LlWtfED TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORT AND STRATEGIC REPORn ICONTINUEOI FOR THE YEAR ENDED 31 JULY 2025 statomont of TnJ$ts$$' rgspon$knl&W8s The TsleeS. who areas0 the dIrect(S af SdKxI timrted frwlhe kw. reSnbI2 for prenn9 tkt Trusiets, Report tr fino81 stsiewts In 8Ctotd•) ap11 law 8rKI Unrted Kirydom A¢Lounling Siandards Iuniied Gerwaly Ac¢eDted Acccwning Piacbc&l. Company Low requyes the Trustegs lo prepwe frnarwlstst¥wts foroach fnaro81 y88r whth a tru8 and fay of e slate of afrairs oftschantable cnY 3rk1 ofts resources apOK3ticn of resources. Ihe otne and expendilurp. oflhe year. In w8wng Ihege finarKki1 siat8ments. Twst888 are r84uwed to". -sel8cI suitsble til¥j FXAl&5 atKI Ihen Iheffl tStenty. - d)serve the melhcxlsand pmrFle5 in the (J8rits SQRP.. . makejudg2rnents and estimatesthat are reason prth1enL . state whèther a¢Pl1¢ab UK Ac¢iJthtiNJ St2)daN he fokvwed. subix to any Its181 d6partwès and explained In the fin¢ statementy.. aThJ - wgpare finaKral StsIents gory b39s il is napwrfjwte ty presume ihal Ihe chari&9bl8 cornpany contiwe n op2rakn_ TNslse$ are rew0n>tr adwai•&eoJnknrwJ rect¥ thai dÉLxe w(ba¢¢Ufaty ¥1 any time the financwl pOtiOn oftre th?rite company and emble Ihem toensure tt fina11 51alements comply'Ailh tre Charthes $ThJ Trusiee Investmeni I'.ScoU¥ndlA¢l 2(M)5. chan Accwnts ISo)Yandl R8gulaih)ns 2006 las amend•YI and the Comparmes Act20(. Thty are 3Jso respS1ef( &?reward9 the 2ssets ol the charrtaNe(x>ryany and hence )r takin9 rpasonable 5tep5 Ihe wevenlion K1 deleclNJnof frdud K1 I[r9wbeS. Auditor Iii wilh lh&71ys aiipJ. a re9ul0n thal MHA ba Ie4wnj as audilor ol JrIval1Y Wil put al a Gera1 M¢wg Disclosureof infonnation to auditor E8¢h of eTrUStS has confirm2d Ih31 there ks r information we is rdevant to wdi( bul of which audi1 E unaw819. They h?¥e furtbw cwffirm Ihal tsksn ¥ppr(Vi¥k¢ Steps to vjenlrfy such rdevanl formation and lo esiaAish Ihatthe diti is ae of ch Irth)rrr1i[X. T* Trustees, rewt wa5 awoved by the Bwd ol Truy.ees. J Youry IGFk3irl Trustee 9 J8nJ8ry 2026
ALBYN 5CHQQL LlWtfED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OFALBYN SCTrIOOL LwrrED Ownion We have aLKlited thefinancwl slatements otbyn S(th rnited (the'parenldHilable awnpany'lfor the year 2nded 31 July 2025 wthich ()mpnse tr9foL¥> ar ratii8bk ¢x)nwany stattrini tMlies ¢J14 Irwme d exp8ndireacwjnl the group arQ ¢Tabl9 ¢cYwany baLgnc sha. ¢8thllthv 8ThJ nolas lo ihe financi81 5teMents, includrg $9nthc2ni 3¢cnn9 The finaTh>J rep)flry franewfyk tt)at has been appled in their pr8paralDn is ¥PF4icabb18w 8nd Unrf8(I A¢¢(AnDrO Sla¢5. YJ(JJding FinanoJ Rewrtsng Stsndard 102 The Finanual Slandard apphcaIile M Ih& UK off trelad (Untec CneralyAcLepted Acnl¥j Prac111. In r0¥An. Ihe IlnandJ stsiernenis.. 9ive 8 true and fair wew the swe oltrgrow¥¥rY the chari18ble ¢0ry8nYs¥ffairs as 8131 2025 and oltrtr Incorning resourc8s ¥nLI of re$w. iKJvdiThJ irKTh and exp11[8, forthe yw th 8nd8d." have tren pr(yrfy prep¥81 in aCCordan1th unit Ge1lYAcCepted ACCoLniY pract.. have been yyed in rIanCe rhe requrements¢fthÈ CthnpanEs Ac 2, ihe Charibes and Trnwee In¥eslmenl IScolan¢l Act 25 and reguLgliw 8 d CharitKJs Acrts Iscouandl Rewblims 2006. We conthcted OLJr audit in accor Internall staards on IUKI IISA5 IUKI}3nd app&cable law. Our reswKNblibes der Ih05e StaardS are fijrjw des{be(l in Audilols )0treS forlheautsitofshe financial lalgfflenls of(xr rwt. WF are Ir8[JeI oflhe •¥J lh8 1Wtab in accordance wth the ethKal rèquirewnts that are relevant to our audit ofthe finartia stalerneits hi Ihe UK. inthdiro the FRC'S Ethical Standard. and we have fulfille4 wrother 9thal resp¢msIExles in XCOrdan wIreThts. We bekevgthal Ihe wd9llC£ have obtained suffiaenl aprKwate to WOVKle a bas otMton. Concluslons relatlng to 9olng ¢on¢em In audng the finanoal statements. ¥e hawe umcknded tha ts Ttee$. se0fthe wrKern tr0$¢[¥¢ntin9 in the prp8r8lv)n ofth? fin8rti81 S1ntS 8ppro¢wi8 Based YA}ikV have perfod, ¥¥e NItified rnateri4 UrmErtalIeS tplating to events or conditi(5 th•. lid1U1Y ££ll•Jivdy, rnay c4$t $wifart dtyjbt 9jp sablty io as a wing cmm fc a pard ofat asl Nvdvernonts Ircrn when the firnCl sraterlwts are athh(sed for iswe. r re5pongbilitie5 8nd the respDrtybliiEs T$t11h reswt lo (wetn we ¢JescriW in the rebvant sectx)ns of rep(wt. OthAr Infornatlon olhw irformatll ¢xryKws the inf(KIal i1190 rewrlolher Ihan the fiCIalternts and our audilofs repth thereon. The Trues are f(r the nf0mtKIn c(xtsined Ivilhin the report Our opinim on the finanual statements does not cgverthe other fnaD aryd. eptt0the extent Olhewse eXplicY stal our repom. we do not exptBS5 any fonn of assuraKe Cou51 (we. Fdsponsiblity 15 to (pad the infotrnab 8nd. ikning so, conSerWhethe[ tre ottrw i1r¢¥mat 6 nlerialty ¥h the financial •ements iy our kn¢>wge obtsined inlhe wurse ofthe audil orcAlwww warr to be rnatsnally mtrIe¢. Ifwe idenlfy such material knconsistenoes app¥enl man m6statnts. * ¥e requed to detemne whetsr thts gives ri$8 to a materi misslaternent In the fina1 staternen15 Ihernsel¥es 11. based on worltwe have perfotmed. we fA)ndude thai there is a mattrri mi&8tatsment of this othti Mrfowmalitsi. wtr 8fy twttd lo Iwjrtthai lact We have ndtrirvj to report n thi4 reg¥d.
ALBYN 5CHQQL LlWtfED INDEPENDENT AUDITOR'S REPORT ICONTINUED} TO THE MEMBERS AND TRUSTEES OFALBYN SCTrIOOL LwrrED Ownions on other matter5 y•scribed by the cOnieS Ac12006 In our0n. based the Yrk un(lerlaken in he COU of ijuraud Ihe inforrnabon gven In Tntstees. rep(Ki far Ihe fnarKial year fl %¥l¥ch the falKjaI siaternents are prepar. whrh indudos tho diroctors. rewrt 2rKI the strato9 prep¥od for puiKsses ofcompany w, is cx)nsi&t wryth finala1 5taternents. the Strdtegie rewrt and the report incbJW within ts Trtee$.reFth have been prepare<l in a¢cwd¢e apILe kggl iequireThEnrs. ¥atteY8 on whl¢h wo aw ragu 10 rewi by exce[0 In lh8 IvJhl ol the knowbdg8 of ts cFwtsbb8 c¢JMpany aThJits envn6n1 ¢bnj In ihEI 1$• ofthe audit. ¥ TK)t identsfied materK41 5statets in the Strategr?rt drect(xs' rewrt Induded wrthin the Trustees, port. We have ndhing lo report restwt ofUE matws in rebtsmtowhth the CompaThe5 Ad 2(X)6. ttKJ Charit$ (Reports Accwn151 RewL4b(ns 2008 kne tharis ACcrts IS[x)tsrl ReguL4th)ns 20 requyes us tD report lo you rf. in wropinion-. propw rewds have kept. 0[re[sjt¢ fot wraudrt haye notbsen rgcei¥eQ fiom branths not %isrted by us". or the fhnanrAal ststements are 1 in agrnent ¥thlhe rettjms". or cetlan disckn5ures of trustees. ret[Mjnpra SppCed by k%v ate not tnth.. or we hive not recewed all theInfrnth and eXr115we requhEtorowaudit. R•spOnbaltIos of Trust$ A5 ex Jained m(Ye ful the stsIeThI of Tru5tee5" respcrribltlie5. the Trustees. who are aso the dffect(Ys ofthe charitable company tor Ihe wrpDse of law, are re¥t for the Fwa?bon ofthe finanu staiemenls and for bei Salfied Iha they give a te and far ¥. an(J for sh Intetnal contrd a5 the Tnt5tees deterNne Is necessary lo enab the pr8paralK)n of financia sLknments Ihalare free frum ttthnal Wis5Ateenl. whetherdup lo fraud or e0[. In preparing the finewal tstathents. Trusleeswe 8s5È$9ry ihÈtharitAe cm1py.S¥blty to continue as a 9Oin9 conwn. as applKatle. rnattws atelY to g¢yw wng ¢on¢wn bags ofaccountsThJ Jnbs$ e Trustees ther intd to I4uate theChl cY {kna5e [pet5. knaVe na realr aknive bthlo do $0. Audltorf¥ wpOlbl141fyS forthe audll )tth8flDan¢l4 slat¢nwts We have been apwinted as audiltt nder 4411Kcl of the Chanties arml Trustee Irr4estment ISCX)3ndl Acl 2m5 and underthe GJrnpaThe5 kn120[ arKI report,n acr(e wilh theAG:S rekvanl reqUtiOnS made or hayng effect ereun(ler. (kJrul'ecbS afft to ubtn reastrwrkasSu¢e thrt 1)ethef the[Gi Statements 8$8 whcle are free froffl material misslateeTht, ffttherdueio Iraud orerr¢K. and lo issue auitoffs reFrt)rt that irfthyes wr opir¥on Reas¢nabk assuran a high level ora55an but ts mt a guamtee lhal a111 accordan vAth ISAS IUKI will always detect a material misStatementY4hen it stS. Mlsstsietrbents arige trLVn fravJ or er vJ arE¢s¥d tDatetia if. Indr¢i(knlty or D the aogregate, they cwkj reasmatdy be expected to infvenee Ihe etxwnr leos$ of users tsken Ihe bass of these fin¢1¥ styfrmts 8xtsnl ts wNc Jr prc¢8dur8s are c8patl8 ofd8iectiw Irro9al&8. inthdirvj fraLhJ. Is daled tdow. Irrelarities. including traud. ¥e inst5 of n(KA)lAL ¥%ith and reguktKYts. We deswjn prdre5 in line with ur reSFX5nbilIls. vudined above. to deteCtrte[la1 fftssta1eTrIs in res of YrewL4rthes, dlI¥j fraud. The exlenlto which prOcdr@S ar@ of dd@cbtvJ vreguknts5. frwd, EdetaiK8d We Dtained an tersdirj ofthe Wl reguL41(xy frarrEth(xks that arpapFAabIP io the chantsble Iny. om provion$ oflhose laws and regun$ Iw had a otrtca effe dèlenMma1Tr vfmatsrial amunts and discbsuies i) the finarrial stalenEnts The mst rdevant framemths we knlrf*d Inded FRS 102 ar SORP. the Companies Ad 2006. the Charthe$ and Trustee Inveslwl 1S(¥daryl) Ad 2(KJ5 8nd CJwite5 Ats lscollandl RulationS 2006.
ALBYN 5CHQQL LlWtfED INDEPENDENT AUDITOR'S REPORT ICONTINUED} TO THE MEMBERS AND TRUSTEES OFALBYN SCTrIOOL LwrrED We gained an undÈrstaThlirKJ of how thÈ thaniaNÈ company ts thesv laws and regulaiirrt by maki 8nouines ol mana1. W8 ¢trtobor818d thes8 ViDe$ IhrtyJgh cwr reyTr8w of sutffmiited relums and b)ard meelTrJ minute5. We assessEd the Su5ptilty of the charrf3b conVanysfnaal slaternents to tnisstalemenl. including tM)w frd tnwhl (ur by tneebry wlh t0derStand wheTe it was there W5 su3PtILllty to fraud. This evalualrn 81so wnsQered how man•JaeThI 8nd ihose¢hW vAh 9)Vrtr were remLmer8ted 8nd hether this provQed an1ntiVe for fraud1 aCtity. We consKlered the o¥erall contrd emironment atKJ how management and those Ched wlh gOve[na oversee the npleTnen1ats and aperdlion of In areas of fiaral statwttS Ihe rS were CDd9red lu be h19kr, e performed proceduTes 10 athyress each hJen"iW ris The folkn¥viry Pr(S Ire rk)rrTh to W0de rea50naNe assuranTr tha1theffin Statements werefree of material frajd or effcr. RÈvkwng mirxrtes of Meeti[ those with g)ver[ far la brtrathes of lÈws rtyulatits) or ror any 1ndKats of any len11 litwjalK and even15 w cDndilv5 that (Cld itvjicale an iDcBnlive L pressure ta cornmil fraud or prthryde an opwknnity to d.. Re¥ipwng Ihp kvel of reasonitMJ beh the dHilable ujryanls pr(Kuremert of lega and prOfeSsK31 sptwces., • Performing audrt work pro(Edures 0¥ the rtsk ol mwIrlOVerr1de ofcontn)15. IIng testing ofjouma entrie5 and other adjustrnenls for apprryriateness. Ihp bnesS (abona of svJnrfant trali(>OlSIdp the norm81 courso of businoss and r8wthywjmls mth )y M)89nI calcuktTh ofacwunllrvj eslimatss for potenJal rnanagemeni w. Agreement ofthe finar1 5talernenl dLsc)sure5to supwrtng ItatiOn. BeCae of inhprert litnitati(5 of an tt, there a thatweil tK>t detect all irregularttEs, indudin9 Ih05p adIngtO 8 mairi81 $Sl•ment ffin sialemants £ with rwJig11. Ths rtsk In¢i$as4¥ Iha moro Ihal cornrliancewith a Law or LbOn B remved frorn thee¥ents and SactiOnS reflected In Ihe fkiantial aternellts, as wil be les9 h'kely to become aware of Instan of ¢clpl.dn risk al50 great¥ gard9 irre9ularibes owurrirvJ ue lo fr3ud rather etror. as fraud inv(Ave5 Mientl co[hl f(Kgery. colugon. Omis9 or misrewesentalK)n. A futherd&scrption ofow reswn5ibilthB5 IS avalable the Fina ReFxthg Counul'5 4Ythle '. htPs".IAwMfrC.9.UkIaUdrtLYSFèSslbI1t& Tris desap forw pl ofow aud5 PLyi. Utse ofour rewi Ths rep(Kt is rnade 5d&tyto the chtate (xxnpanys rnerrthr5. a5a tmxty. in an(With Chapter 3 of Part 16 ofthe coMnIesA¢1 2006. and 10 Ihe charitable ryjyp8ny.strLee$. as a iK¥Jy. aJ>Yd3ewth Re9u&tity) 10 ofihe Ch8ribeS Actounls l&%)Ilandl R$gulab<K6 2[ 11 h8s be urrJ¥laken tso Ihal we mght stsle lo ts charrfable cornwny s members and trustecsth¢)5e rwtrrs we are rewired to stale to knem n an report and for w otrer purpos8. To the fullest extenl perrThtt8d bylaw. we ¢Jo rnl accept 3551 T9¥$1t0 anywe other than Ihg ch8rilab cotnpany. thethantle c(Knparys twnbers as a txxtyatKI the tharrt&4e (xKnparystrustees as a bLty. forour audrt w(rt. lor Ihis rwrt. rxfoi opinions we have f<Kmed. William And8r8on BA CAISonityStstuttyy Auditor) fff gnd on behaW of MHA Statutory AdItor Aberdeen 9 January 2026 MHA B the Iradiny nam8 0fMHAlil S8Thic88 LLP. a knit•J Enkd Wa5 Iregist8r8d numb6r OC4555421.
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ALBYN 5CHQQL LlWtfED BALANCE SHEET AS AT 31 JULY 2025 GROLIP 2024 Nrjlss Fixpd assels Tangible a$sets Invesltnents 14 15 10,033.824 75.638 10.373,184 69.6B4 10.109,462 10,442.868 Current assets Debtots 16 1.094.711 58S.fg)6 1.233.681 1,208.505 Cash at barlt and in hand 1.f80.317 2.442.186 Creditor4: amowbtsl4lling the wilhin on• year 18 1.481.154 1.710.350 Net current asset5 19Y.163 731.836 Total assets less cuThent113bll 10.308.625 11.174.T04 ¢r•dltors: am0fallIng aftgr mr• than one year 19 13.719.8921 14.015.558) N8t asst 6,S88.733 7,159.146 Tho lund8 Of tho ¢haritabl• company Restricted irwrrE fun(ts Unrestricted furKls- general unresvwea fUs- ¢eywa 673.016 5.047.716 .(J)1 669.913 s.621.2 iI.LKTr1 6.588.733 7.159.146 Ihe financwl slateTrnts were apwo¥&l by Ihe Trustees1 9 January 2026 J Yourwj (Chairl Trustee Corrw8ny regL%tr8ticn r•Jner SC026743 Iscouandl
ALBYN 5CHQQL LlWtfED BALANCE SHEET ICThNTINLIEDI AS AT 31 JULY 2025 OMPANY 2024 Nrjlss Fixpd assels Tangible a$sets Invesltnents 14 15 10,033.824 26.321 10.373,184 24.815 10.rKo,145 10,397.FJJ9 Current assets Debtots 16 1.094.711 ).447 1.233.681 1,108.446 Cash at barlt and in hand 1.575.158 2.342.127 Creditor4: amowbtsl4lling the wilhin on• year 18 1.481.158 1.710.354 Net current asset5 631.773 Total assets less cuThent113bll 10,154.145 11.029.TT2 ¢r•dltors: am0fallIng aftgr mr• than one year 19 13.719.8921 14.015.558) N8t asst 6,434.253 7,014.214 Tho lund8 Of tho ¢haritabl• company Restricted irwrrE fun(ts Unrestricted furKls- general unresvwea fUs- ¢eywa 588.432 4.9TT.820 .(NJ1 593.918 5.552.J)5 iI.LK11 6.434.263 7.014.214 Ihe financwl slateTrnts were apwo¥&l by Ihe Trustees1 9 January 2026 J Yourwj (Chairl Trustee Corrw8ny regL%tr8ticn r•Jner SC026743 Iscouandl
ALBYN 5CHQQL LlWtfED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025 GROLIP 2024 ¢a•h fk>w¥from opfjwatyng Ktmti Cash labsort>pd byvgefjeraled from OpBrat$ 1120.8801 275.321 Invostin9 activiti85 PLrchase Of191? fi¥ed Hs5ets Inv8sim8nt rKy)m8 rec•ved 157.1441 14.282 1433.3661 28.830 Net cash u$e<l In Invosung a¢tl¥ltlos 142.862} 1404.5361 Financing acti115 (RepaYm1ydraWIng Lknvn of bank kw 1459.1571 119249 Not ¢a$h InyggTr0rot trtyThlvnGln9 acti¥ltloS 1459.1571 119.249 Nat dgcrea$i kn ¢a$h cash equlvaknl¥ I2.899} I9.6) Cash cash equivalents at Winriry ofye 1.20B.S05 1.218.471 Cash and e4ulvents at End of year 585.606 I.208.5
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 A¢¢ountkng poIIg$ Charity inforrnation Albyn scho Lirnil8d 1$ a anY Iirythl byguatantsB irated in Sa[HI and Wistèr wth OSCR The wistered 0[rr 2 bAatisthal Square, ALtn. AB10 1DQ. Thtr wii¢i>al èthjress of bugmess is 1T-23 Queen's Road Aber£. AB15 4PB. 1.1 Ac¢ountwvJ comientian The fin8nu81 st¥tgnwsnts ha'ie bew prew8d in awfjarKe Ihe dwrila¥e ¢(ThY'S kleTh)randum and Article5 ofAss(oatson. Ihe Charwesand Trustee Investment (SWIar> Aci 2(K>5, tIE CharilEs Accounts (Scoatl Regu115 200D las aThred1. FRS 102 Yhe Rewrtwig Staard aptAKaNe in O UK arHI RewtAic i)f Irdand. I"FRS 102.1r the Charibes SORP-P4)x¥Jntiffj )d Reportiw by Chants." Statem1 of Rec£thm6nded Pr&Iteapp1¢ab ¢vnbes pwanrv) atntS in X¢(dar %%ith the FirwGA Reportng slarard sp1¢?$ In the VK and ftepth1 rrf Irdand IFRS 102r (eff¥e l Jar•U3ry 2019). Tr tab fflP8ny is a Public Benefrt Enbly as defiwgd by FRS 102 The finanti81 st8n ar8 Wep?J n s1. vknich is the fwxtK)al DJrrerKyol the CngnY. Monetary arnounts inthese finan alenIS are tothe ne51 f. 1¢ fiilaiKi41 SrnlIlS tw'i¥ twi wvpawl trbt<JMlVytiiK lnix11f Itx fail valve as Tre thaniie crthpY ha$ len vanIe of the redu dk)sure traMerkof FRS 102 av8I8ble b) certain qualthihryg entsties. nandy the WU1reTh to tKesent an ItKIMknal cornwy statel0fcash fbws. 1.2 Golng concem At the time of approry Ihe finanraal stslements. thÈ trustees ha% a reas1ybeWÈdati0n that the grow and chartsble cory8ny have adewate reWUr to continue in oppraknal exter for at 3st the nexi 12 nonts from the daleon Ihese stalem8nts have been 4yoved. Th8 Iwsiees have wared cash fkjw foreGaSIS 4¥hich take a¢ithnt of an101ed charJes in income and ethre are confident that Ore 111 be sUffiCnI IK4Lid resoffts a¥aia)1& 10 81hJw th6 grow 8ThY Ch8rrtab corywny 10 trr Iratsilvès as Ihsy fall due olal least Ihe next 12 rnwlhs It dale ol of fiA8nci¥ staierrtnls. Thus. hawng not hYti[ any Materi UnrtaInlEs. the tsuslee5 Canue lo adopt 1x)rn basis of in wepariry the financk41 stat&1$. 1.3 Charftable fvnds General funds a¢ uniesbi¢d fl•$ we tlefor e dis<rtifyi oftrt 9oven¥xs in olthe gener4 obJ"ectwes ol the s<th and have rol deggnatsd for other mpc685. Reslricted funds include furK15 e to be d acLothe SC reStrth imFX)5ed by donot5, funds which have been raised by the S for PartMlar puTSeS atKI the fdS of the subsidiary Un{rtTrj. The cost of reising such funds tharged aga51 the 5perAk fuTNI. The aim arKI use DI each re51rited ftjnd 15 set in tt)e Th)tes to the finarKaa stalnts. Investment incijme and nS arp alkxxted to Ihe WTiatef.
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 Awbuntkng polklgs 1.4 In¢om& InCOTt IS thatal8 Cotnwy i% 9alOti to il aftgr any pf0[[aly cOnditK)ng havB b8B md. Iheamumts tan te mÈasLwed bly. arwj P[OtkE that COme w11 btr rec¥ved. as shrhvn as fc41(ws." • when (knors speaty that dorMtK>ns atKI 913nts gi¥en lo Ihe charitatAe cA)mpany musl be in future aCCti[vj pe[d5, the Ioe is defetred urrtl tIK>5e peri(xJs". when (knncys iffose condilwjns h to be fulllkd befc(e the tharitsbk cc¥npany be¢cthes trtled to LBe SLth inc(Yne. IhB der[j T1 itvAL1 irKrynit¥J tE50u85 Ulltd the fDr u88 have been grfts in kin(J are Ied In at the chWe CoMY'S be51 fstimate of tsir Yalu9, Th vglue of servKes wovided byvdunteer5 ha5 twjt be8n irKludee in these 51atEtngnts. Cash dwati¢A)s are re¢(wi$ed on recept. Other¢knats$ e rettwts8d ¢)rt Ihe Ch[tabcomPanY h8g btren nOrIed ofthe tJcnaknM. unless perfrmkgn¢8 requiTe delerd d the 8rrKMJnl. tax rev¥bI& in ralk to donation5 receNed under GiftAkl ardeeds of 15 rewi5ed al the tyneoflhe thnatn. Le9atyes a re<?>)n in siatenw)i of FinarK¥ Al¥lL$T the 98¢y be rew¥ed or it is probable ihal the Iwjaw wll be r8c8iY8¢ ar Ihe Val can w rraSUfj Suffoentrdtrllrty. F5 and chw for Se[W use of a acwnted for In the ppri(xJ in which the 5e[vi is 0¥ed. 1.5 ExperKliture All expenditure is Thjuded in Ihe fnanaal slatements on an bas. tiakn1th5 ale reCognd when charitsble ¢ory8ny has a 1 QT ¢te ¢Aty'.k)n to irKwr a tr8ntsof n0m benefft. Chants aclNities hiclude all u>st5 rdatiry iwIthere Ihe wIMY aim B part of the objects ofthe schcx)l. This indudes all Ihe (x>5ts. G0veMan costs are costs asswated with the >¥eMan gerts ofthe dwrttable (x)mpany knclude fees for 8L¥t aNJ weparmy Swutory fin8ncl ststements. Sumrt Costs Indudtr ai ¢ctst$ rdaiiTvJ 10 bb8$ In SLTVXt th8 ruMiThg of th&%thl. wP¥ch 1$ thè rrimary aim of e grwp wpany. 1.6 T¥n9lbl8 flxod assots Tallgib [ed a55Bls. In(ding Ihcw u[ef thB [yJut58d¢(strvth. ¥t ca11&ed al Ihfflrpurchase l¢Jg8ther wilh any Intydentsl expenses Assets a o)st below £3.NX) we rtrmalY Paled. Refutbithment ro(XTts. area5 buIrJ5 are wraly notwtaised. Land Is n01deprecl. Depreuabon of other assets B£aated 50 asto wrrte off Ihe oftsryIb fix2d assets, less their Èsbtnated residutlvtkJÈ. Owlhp PXWdÈd useful IP$ ofthe assets c(¢ÈTned. Assets in ihe ¢ours8 ¢f¢onstrudth ale de¢1$d uniil I ¥re a¥¥ILab u88. Th8 wncipal annua r8ts8 used for ihis puryKse are.. Buldirys Frxiures aThY fill9$ 2%-7% straht Sne 10%- 25% str¥wht ltr The or loss arisirJ disKl of arn ass sdetwmI as the{ffee bel*ÈÈn salè proctseds ènd Ih& caffyng Wal of1 asw. aThl in stsl8ftwlolfinwoal acbvdies.
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 Awbuntkng polklgs Impairment oifL¥edassets Al each rewrbry end date. the charitatAe company rewew3 the carryiTrg arnounts of 115 tible assets lo determu wheitier there is any indKabon that ttyose assets he suffed an k)s If any inditation exists. U)è recJrat8 anMyJnl ¢fth8 8SS811S8SDnwW In ord¥ 10 ¢J8lemti of ih&iDyirm8rt h)ss. ifany. If the recoverable amwnt an asset is esbmaed 10 be $$th its arn, Ihe carryin9 amount of tre assei Is r8dJ¢ed to Ils rorab tyJnI. kn Impamnl bss Is r•c¢9nJ ThdIa' In Incxxn&xwnthlUrn fc U)s y8ar, unless the reVan¢85Sel rned al a revaued anynl in case impawmenl k)ss is Iwie4 as a revalual deGrea5e. 1.7 Fixed asset inve51ments Inyeslmenls are Indu(Jed atdogng wM(kfftthetYdue. to be faryaue. at tt)e bala 5heetdate. Any realised and unrealised giins arvj b%ses on tevaluaban ordwJ545 in Ihe statetn8ntof ffianGl actsvffoe5. 1.8 ¢a$h cash equiyalpr Cash arQ cash ewivalents 3re tyasrfiMn¢ial assets cash in hand ttwsns at cal in a one rnonlh notice xcounlvath banks. 1.9 Financial instruments The chantle c(mnpY has elected lolhe w0visi Se(xim 11 'B&sic FiCk]I InStMents. ar SeciK)n 12 'other Financial Instruments Issues of FRS 102 lo all of Its franoal thisliL¥nents FinanEial Instwpnts are rwi%ed ID the thatilth (Kryatrf5 bakn Sheet the dHntable cotnpany betre5 p8rty lo the contrwu prom$$ 01t1rrnenI. Finaniial assetsand babilitse oH5et. Ibilh the net arts tKEsented the fina[Ja statEnTrents. when there 15 a 1egalfvenlodty1e right to sel off the recogn wnount5 [e is inlentiw lo setde on a net bas orto Hle the asset and setu8 lh8 liablity Baslc ffn•n¢l&l assots 8asifinancig1 assets. indudetrade re(21vth cash bar, rTreasured at trarlion pri induding Iransadw cost5. Financial assets. other than tIx)se heklal farvakje through Th[ne atKI 2xpendihxe. are a5se5sed for in(ficalix5 of Imparrneni ai eh rewflin9 date. FF)arKièl éssets we impaited there is (tyctive trviderttr thai. as a result ofoné or rn¢Yè evènts tt)at after irmtia re¢4)9)itth oflhe rJaI assoL th& futura Cath flLA¥S have been affecied. Finan¢i81 a&sdsare de'ectyJnised Mlyththi Iw ¢fy7ira¢tual 1$ 10 the cash flows from Ihe assel expye orare settled. or wnen The Charitab mAn¥ transters Me hnanwi ¥sset 8nosubsianti•ty 811 Ihe rsks and re¥Y¥o$ ol ownershp lo 0th$r enlity.or rf S( >gnthwt rths rwar(ts ofownership are retane11 bul wnlrol ofthrJ awl ha5 trdnsferred lo 0trr wtylhal aLle to 5elthe assetiTh rts ermrety to unrdated thi paty.
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 Awbuntkng polklgs 8asl¢ ffnan¢lal Ila)111118s Basic Iinanei¥A IEIlli•S. irtludiny trado and (thw payab. aro rg(x)gniSed al tranacIK)n prw% Un&8 arran9ernent C(f51rtuies a finrtg traD5acbon. where debt instruneni is measured ar present v8lue of thè fuiure p8yrrenisdiswnWata market rate of inleresl. Trade PaYabS are ligabon5 to pay for gwd5 or SveS Ihat have been acquired in the ordinary course Df operations from SuplerS AcoJunts wyabb dafied as (>jrt liabdilR5 rf paytntnl rs due svrthin one year ( Oere¢ogrrilion ¢rffinstnvallitlwlitses Financial liabilthes are derecowised vthen ch3ri1aLlec(Mr¥)ays (Auation5 exwre or aredischaryed or canCeld. 1.10 Tax The h0 is a registered clwtty ¥th HMRC. arxf as 5fJch B entilled 70 rtan tax eXerytn5 Incame arKI profts frLYn in¥esltn8nls. ar surpbjses on atry trajing aGbvthes on in futlh8ranc8 sf th8 TiL5¢S wmary objectives. If eseprofils and 5tyrlL are appSed srAety fry charnable wrposes. rKlW wis1ed VAT and 1j. all its expenditure is rectyded exclusive of any VAT Irue£l Wre the VAT expected tro be recoveratAe. 1.11 Employofy nofits The CDSt of any unu58d 8ntitl8mBnl [B[wn in thB [xI tha rec8iv8d. Tern)nalion benefils are 09niSed v)Th&iatelyasan expense when IPe (tharrf8Ye o)ry8nyis omrYwUeQ lo lerfflinate of an en>yee towovide lerninalirjn bfynefils. 1.12 R8tlrnmnt bem•flt$ Some member& of staff are tnembpis of the scit.ish Teth5, Surannuation Sc1Me which is an unfun(kn mullirrpk>yer defned ben8fit 5GhEme. contri10S to Ihe fd are thed by SrA)tbsh OffKE PerNon A98nCy and are charged to tre slaÈmenl of acty"vitES ISOFAI so as ty syead the cost of peOn5 over the riC during ¥%thich the schwl benefits from the erno5eS, li is nol [X)Ne foi the sthwl lo identify its share of Ihe underfyng asset5 and liabilitS las ir note 201- c0nseqLtty. in accordan with FRS102. scheme is accounted forasa defined C0nkntxJh SCherr aThl conthlxkn15 a rEnised the SOFAas Ihey are pay4ble. Al nOIrri¢ Stsff we enle kn jtyn sckns defred ccrfribultt s¢henE. Conb110ns pay)È tor Ihe year are chargf%l to the SOFA. 1.13 L•as•s Reni8ts applicatde operafing leases are (wpd 10 thtS18nwioffiffta acbrt tri a Siralt line bags over 6 lea$8 tem5. 1.14 Basls of ¢onsolldaYon The CDD5uliddl8d arcounis ¢(¥nbin& the results ofTh8 Abyn KJ1 lis sub&dNgry undertaking. TheAbyn Fwndalion a line by lir£ bas. In the cOroIlated accounts unrfotrn }UntI[j sMAifxs have used )[dalln adJusl(rEnt5 haye been rnad lo remuve tranTI5 belKEen Ihe Iwo entitie5 and Inteinbty have been carlled. The Ix)nsolKlalett entity IS referred lo as-tr Grp .
ALBYN 5CHQQL LlWtfED
WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED}
FOR THE YEAR ENDED 31 JULY 2025
Cr6tl¢al a¢¢ounOng osUm*s and IWgnts
In the applicabon oflhe charitatAe c
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 kn¢om¢ from ¢harlaN¢ ¥1110$ Grnup Totsl UN•strittsd R•sirl¢t8d nds Totsi ger neral 2025 2025 2025 2024 2024 2024 School operatlon Fees 10.644.792 10.644.792 10.762.329 10.762.329 10.644.792 10.644.792 10.762.329 10,762.9 Company Totsl Ury¢8trthd Restricted funds Total furrfls g•n•ral 2025 202$ 2025 2024 2024 2024 S¢h¢)ol op•Ati•n Fees 10.644.792 10.644.792 10.767.295 10.767.295 10.644.TY2 10.644.7W2 10.767.295 10,767.295
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 Group Tc4al unrestrict Rfrslricted fvn fund general Total fuwKIs gerthl 202S 2025 2025 2024 2024 2024 Inrx)w from li%tcd Inv$imen Inieresl re1VatIe 4.131 4.131 10.151 3.934 10.151 24,8 24.896 10.151 4.131 14,282 24,8 3.934 28.&30 compony Total lJnrnslri¢tod R•stricted funds Total funds YV[[al yeneral 202S 202S 2025 2024 2024 2024 Inierest rtttrvatde 9.152 9.152 23,e 23.638 9.152 9.152 23,638 23.638 Olh81 Inr Gttyj T•1 UnmirTrcted Resknctpd funds Total funds 90noral 2025 genoral 2024 2025 2024 2024 Otherinctre Catenn9 inixThe 64.056 4L.573 56.819 384,628 56.819 384.628 422.sn 486.629 486 629 441447 441.447 Company Total Unwstrtciod Rostri¢t8d funds Total gerffil 2025 general 2024 2025 2025 2024 Olherin¢cthe Calenng inc(xKe 64.056 4L.573 56,819 384,628 56.819 384.628 422.573 486.629 486.629 441.447 441.447
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 ExpdIr$ on ¢har61aWadvlllos Group SCI) operation School operation 2DX DlreGt Costs siatt¢os Deprccialion and hmpoimicrl Teaching costs Pr(perty Field and bus ex$&$ Calenng expense5 Administrabon exp Pr(yerty loan interest Prole$8iona fetrs Bursaries DOnatrts pad 6.497,162 3%,504 284,388 584,024 170,258 226,2 533,142 267.212 &5,934 831,D24 2.201 6,236.476 365.394 233.983 635.(rd3 168.917 213.B29 475.723 345.477 137.470 738.765 9.881.145 9.551.1I57 Share of support ond govwn8nu ¢osts lseo not• 81 Support 1,8K3.525 1.882.951 11.744,670 11.434.(N)8 Anatys1$ by fvnd UnreE.triled kntts- gpnera Restrthd f5 11.715, 1l,412.E9 21.399 11.744.670 11.434.(O8 Inckjded wrfbin g)vernan(* Costs ate aJdit fees trf£17.5CKI (2024." £24,¢YXII. -24-
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 Expwdl¢ure on thprll4l•cthTl1Os Company SCW oporatlDn School ¢)p6raiion 2D2S Dlre¢t¢os Slaff costs Depreuation and vnparrnel Teaching costs Pr(perty w¥ Field and bus ex$&$ Calenng expense5 Admini5traDDn ewerEes Pr(yerty loan interest ProIe$8ion fetrs Burtsaries DonalK)tls pad 6.497.162 3%.S04 284.388 584,024 170,2S8 226,2 533.112 267,212 88.934 831,024 2,201 6.236.476 36S.394 233.983 635,Q3 168.917 213.829 475.933 345.477 137.470 738.765 9.881,115 9.551.267 Share of 5UPPOrt and governance costs Isee note 81 Surport 1063,525 1,682.951 11.744,640 11,434.218 Anatysls by fvJnd unbiCted fimds. genera ReStrj f$ 11.715.D58 11.412.819 21.399 11.744.640 11.434.218 Inckjded wrfbin g)vernan(* Costs ate aJdit fees trf£17.5CKI (2024." £24,¢YXII. support ¢t¥ olkKated to acbvrties 2U25 2024 Group and cofflpany Staff 51S Marketsng Cos 1780.384 65.641 17.5LK) 1,813.165 48.786 21.L 1.863.525 1,882.951 Anatysed between.. Schwl op8iati 1.863.525 1,882.951
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 Audltof$ rsmunwat Fee5 payable lo the dwriW5aLvJitor and a5sori3tes". 2025 2024 Foraudlt servlces ALvJit Lrfthe finatKyal siaierrEnts ar Ltsity 20,5C 24.L Foroth•rservices l other non-@11 seryir 5.312 10 TrustsÈ8 OrtyJp and ctqnpany Graem8 Bdl and cla YU were Ctr¢lk•rsd the S¢ for ¥ partof ye after Qdin wgned ai the end of e prwous year. They both re1VeC an nnI of t3.860 r&erab0Th. Jenrmfer Young rece rfMnunerationofE3.548 forlhe WKXI beiEen 51arbThJ het role a5 I31[ and decidiry to waNe her fee in April 2025. Trustre's expenses There were no exse$ pwd ID IrUS OTany tErwF Itrn yeerended 31 July 25 nor Ihe yrervJed 31 Juty 2024. 11 Eftwyees Group and ¢(rfnpany The eraAa rntNY rvJmt4r durirw th8 year wa8". 2U25 Nwnber 2024 Number Education Supgort Cleani 37 14 14 Tal 165 2025 2024 Wages and salarE5 Soc1 security costs Otherr£nsw Costs 6.429.910 702.0 1.145.610 6.300.362 E60.9)3 1.088.286 8.277.546 8.D49.641
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 11 En¥bh)yws The number of eMOyeeS wlKse anal remunerat* IWJS nve than £60.INX) as folknV. 2U25 2024 Number £60.ODO 10 £69.999 £70.000 to £79.gJg £80.000 10 £89.9 £90.000 10 £99.9 £100,0(Xl lo £109,999 M¢we than £110.IyXI Rerrwneration of key The reneral)n of key rnanagemenlper5(nEI Yds as r 2025 AggrEgate cary&t 1.275.284 1.352.950 12 Galn$ 10$5gs on I9$1Mnts Group Restricted fund5 202S Re5tsicted lunds 24 Gan51110sse5lariyng (." RevaitIon of Irrlmen 5.954 1.632 5.954 1.632 Compawby R8stri¢ted funds 2Q25 nd8 Gali(loSsesl3iI$Ar (Mi: Revaknation of Itwe51rr)tS 1.5( 1.825 1.506 1.825 13 Tax The gOLP is exffnpt frcyD tax on its thti85 b8&8 all it5 ire fortharitaqe putpDses. 27-
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 14 T¥nglblo flxed as$ots Group and company Buikllngs F•xtures and ffttln Total Cost At 1 August 2024 AdJitiJns 14.a77.g92 2.&80 656,500 14.734.492 54,264 57.144 At 31 JLAY 21Y25 14.080.872 710,764 14.791.636 Dopreciallon and impairrnent At 1 August 2024 Depreciaon charged in tthyear 3.810.803 341.453 530,S05 55,051 4.361.&)8 396. At 31 JY2025 4.172.256 585,55fj 4.757.812 ¢8rTring amwrt 31 JY 2025 9.9)8.616 125,206 10,033.824 At 31 JY2lf24 10.247.189 125,995 10.373.184 All thè abtsve taNjIb fixed assets are l*ld fLYlhewrw oflhe tharity. Freetro property indthles of£l9).(W (2024. £19J.(MX>I. 15 Fixed asset inves1ments Group U8tèd investments Cost or vaat1 At I gUSt 2024 Vaknalion changes 69.684 At 31 jy2025 75.638 ca>9 afflot Al 31 JY 2025 75.638 At 31 Jdy 2024 fj9.t Th¥8 wer8 rw) lffjled inlent38s$ts wts(le Ihg UK. 28-
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 1$ Flxgd asst Inv•skngnts Company Llst Irw•strn•Dt• Cost or ¥aatIon At 1 August 2024 vak1akn charwes 24.815 At 31 jy2025 26.321 Carrying arnJWt Al 31 jy2025 26.&1 Ai 31 JLly2(r24 24.815 There We Th) irN8str)wl ets (SY9 Ifts UK. The Albyn FwndatKsn 1$ 8 CtsmY Ikrnn•Y bygu¥ante8 has no se capt81. tsrefors there is no cost lo irdLKI8 atK>Ye. The wmpany ¢trOL% Th8 Albyn Fjail). a chari1at48ctp7Y li Scotsnd. Regiered c4mpany nwntrw. SC348754 RlBr8d tharity nuffltrr'. SC039894 The pnwpa18ctsty of The b)ll is Ihe •Y¥¥ement of edlTh the benefil Ihrou9h 9raniYKJ and estsblishirwJ tr$aries. sdKAarshw wizes. Th Abvn F(xmdalK>n¥ rggi4tered office 2 Marixhgl Squgre. Broad Street. Atwdeen AB10 1tK). 16 Dpbtor¥ Group 2025 Company 2025 2024 2024 Amount8 f•lllng du• wtthln on* yew. Tiade deblor5 Oiherdebtors Prep8ymemtsand i1( 101.262 523.500 69.949 172.804 3.9)2 156,975 101262 923.5(KJ 69.949 172.PA14 903.9)2 156.975 1.4.711 1.233.681 1.094,711 1.233.681
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 17 Loan$ and 0¥ordr¥ts Group and company 2025 2024 sank bans 3.990.525 4.449.682 3.990.525 4,449.682 Pay8bla within year Pble 8fter on yar 270.633 3.719.892 434.124 4,015.558 3.990.525 4.449.682 AJn(wt¥ induded aix)ve lal dueafterfive wr5.. PayaNe by Instaknents 2.637.3 2.279.1 The gOLP and charitable (yJryany foLrtetrn The fiisl18m baarte. of £372.384 E outslandF)9 8131 Juty 2Q25. Is r•pay8tle by mnlhly Inthim8nts over a lotsl peri¢xl Df 20 years. krterest Ctrwged al 1.95% per annurn over LIBOR {rep1 by SONN from 1 J3nUXy 20221. The Seco tsrrn bance, olwhich £978.918 i% ls13rdj ai 31 Juty 2025. ts repayab16 by Inalnts over ¥ total [enQj of 20 yeais Interesl 15 fixed ¥t 3.28% per annutn ts Ihe fiist S year5 ihereaftEr 2.5% PEr annum over the Bank of EWarKI base rale The Ihird ierm loan b8laTK. ofvikuth r2.204.T72 6 31 July 7025, ts payab by inalftnts uver a loL81 period 0110 ytsis. Iniw&st 1$ char$ 81 2.35% ovet Ih8 Bank of En¥aDd basF ralv fvr IhE fiTsl y1, 2.15% over the 8ank ef EnJL4ThJ base rdre tor the se¢d r and ttwethr 1.% over ts Bar ot England b36e rate. The fourth tem k)an baance. of wh £434.452 i% LMrtstst¥Jing at 31 JY 2025, i% repayab by monthly in$talments Over 8 toial peth)J ¢f8 yws. Int8r891 k8 charg•J 811.80% pw annum w the Bart ¢f Enoland Base Rats. There aE bonds and fioalyg charges. hekl by HSBC Flo rNer the assets oftr£ sch11 HSBC Bank Vc hdd4 2 standard 5ecutity over 17-23 Qu'S Raad arKI 19 een,5 Lane S(xJty knerdeen.
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 18 Cr•dltors'. amollnts falllng(kTtthkn on• ygar Group 2025 Company 2U25 2024 2024 Not Sank ban$ Other tax se(xt Deferred irKw Tiado crcditors 17 270.633 383.381 41.672 lo3.7 434.124 150.831 649.921 141,281 254,61S 79.518 270,633 383,381 41.672 103.967 410,725 270.780 434.124 150.831 649.K1 141.281 254.615 79.522 Oth8reraditCYS AcGruals 410.725 70.776 1.481.154 1.710.350 1.481.1S3 1.710.354 19 Crodltois.. amounts falllngth aftormom than y Group and company 2025 2024 Mole Bank k)an5 17 3.719.8¥ 4.015,558 Dfjfèrd incomè rdatts mons r8(fjed in advartt forthK entidementfalL8 in a futurè athJntThJ pèri(yJ 20 IKome Group and eompary 2025 2024 Otherdefe irK[M8 41,672 649.1 Dete ineomeis indudedin trt financ&91 $latews as Itlk)ws'. 202S 2024 Deferred irK(Mn8 IS nL*Jtslwltr." Currenl Ik4txlibes 41,672 649.W21 Movamnis in the yaar". Deferr8d in¢Tri)o ai 1 Auwst Rele1 frijtn pre(J5 PBD RestyJrces deferred In Ihe yr 649,921 1649.W211 41.672 52. 597.555 D8fwr8d Ir al 31 July 41,672 649.¥21
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 21 Rotlr•monl bgn•fit S¢$ Group and company Defin2d contsibution schemes The Schix)I participates in the Scotb5h Teachprs. Pens Superannuation ScEme. The schetn8 is an unfunikn1 multi¥@r thfin8d b8n8frt schetno It r4 ld thai the 1realnI can b as a dfir conlribution s& as Abyn Scho(A 15 unaAe lo i<knbfy its sharp of the underfwng asseis ayd lbIrt5 of the An aCtual YalualK as carri oul al 31 Mach 2020. Tl res1$ of valualK roled f£rt¥ard to give ¥ 1okn1ty of £29.1 knllion at 31 March 2024 Iktest availablel. As $¢homa 1$ unfided Ih8re Can no or st¥Jrtfai. P$1 tthbut ratss I1 b& by th& 8¢h0mè's actu al a Ivrfel to Theetthe cost of a51Jw a¢xJu& Financ1 a$sUrnpts< 8131 Marctt 2024 (blest a¥aiL4)lel'. Rate ofrum Idixtyjnt ratsi." 5.10% Ra reDJm inexcess ot. Eamiry5 in(rnses'. 1.45% 2A5% Trt cosl recrqnBed in Ihe stslemenl ol admw equal lo contritullons payatrle to the stheme for the year. The emtdoyer tnade (xjnthbutions of 26% YKrea5ed frorn 23% in W'l 2tr24. Ellyee ContrtiS rar betwe8n 7.2/0 and 11.9%. lotal empwr ¢mtribJIK to the s¢Vme in ytsai werè £1.016.7W 12024". £950.24518nd r¥Jt¥t8nding ernpknyer Contriln5 atthe b3rtr sheet d4were £11&14812024.. £83,429). The schc¥Jl 8L80 tsp¥atss a staff 9rtyJp pension sdme witt) Rtyal London. The total tmpbyei tsJntribubOllS to th£ schBff* in th8 year E125.219 {2024 £132.419) 3Th1 •wrAoyer conthtArtKJns balar sch¥5 £1.145.610 12024." £1.088.2861. -32-
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ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 23 Unr8strl¢tgd fvnds. dwslwatod These are eSced funds wl*ch are malerial to the ch3ri1a)lec(ryans 1ltIeS. At I Au9U5t 2024 IncomingAt31 Juty 2025 soure•s Donalw)ns arKI yh15 868.fy)1 868.(Q1 Pravb)us yvr.. At 1 August 2023 IncomlngAt31 Jyty 2024 tesources D0naibnSa gl 868.001 868.LY11 These desigiiated fu5 Uealed to SchoLI byformer wpls aid ale to be used in linewrth our Will and Charitabk Lewy rdry.
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ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 25 Op8rnUng 1gaso¢omrnknwnts Group and company Lessee Tho toial amwni of kase payThts rato)rM$8d as an inlhè year in rdalW to $8 paymènts Was £33221 12024- £37,868). 2U25 2024 Wthin year Betw iwo and five ye5 26.514 32,334 27.055 22,410 58.848 49.465 Capltal ¢ommkn¢nts Group and company Ihere a capital clxnrrMIs totsiiirvj £NIL allh2 sheeldate121>24'. £24.3131. 27 R•lat8<1 party tran8a¢ti Group and company DunrKJ the year. 3 12024. 31 OT wlemcrfs thiklren anended the school. On 28 2024 Gra8 B1. is also a director ofNJbyn s¢ LThrted. ¥vas 4v)rled as a dre¢tyofTheAW FouThtK)n Tre arKJ ts pUri1pOleIia wrils ate to the of 3ny lurwts tased by The Albyn FxJndatTron. WI 8xpw ofTht Ajbyn FtyJrKtstson artr m8r ty the 8j (JriThJ the aLthts8S Of£3.OLKJ {2024". £3.(K)01 were Incurr8d. Abyn SCIKKA LimitBd reCed thna1Kx of £NIL12024.. £4.) duri the year fr(Th The Ajbw FoundatK)n and tn donatons lo it Df£NIL12024.- r2401. 28 kkrnberJ' liabilty The mernbers. liatslity Ihm*ed by guaranteeaTrl. in theeventof windhig up. d5 nOlexed 5p per member. 38-
ALBYN 5CHQQL LlWtfED WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 29 Cash gon8ratod from opgrnt Group 2025 2024 IDefK1tysur forthè 151Q.4131 690.481 AdNslm8nts for.. Investrnenl inwrne ieco9f#sed in strtefflerrtoffirkrI actsvfi Fair value93ns and h)ssesM investr7W)ts DtrpiÈ¢h8bon 8ThJ irywirTrwi ottangi)16 fix8d ¥ssets 114,2821 15.9541 396.504 28.83DI 11.6321 365.394 movefflen15 in caW' Decr£5¢{1nrrCsEI n debtor5 1rtreaselldecrel in IDecfgasoKinuease ki d8fwred irtrA 138.970 2,544 1608 2491 (1.OOS.2721 1341.3751 597.555 ¢8$h labsothd byllgenorltgd from $watn$ 1120 8BOI 275.321 Analysis of changes in (debtd$ Group At 1 ALFgust 2024 Cash Ilrrf•R5At31 Juty 202S Cash81 b8nk 8nd in haNJ 1.208,505 1622.8991 585.fAJ6 Loons tsllng e year Loans falh'ng (be aftw elhan 1434.1241 14.015.5581 163.491 295.686 1270.6331 13.719.892) 13.241.1771 1183 7421 (3,404,919)
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