st Columba's School Limited Report and Consolidated Financial Statements Year Ended 31 July 2025 Registered Scottsh Challty Number SCO12598 Company Nufnber SC016856
St Columba's School Limited Annual Report and Flnancial Statements for the year ended 31 July 2025 Page: Legal and administrative infom)ation Report of the trustees Strategic Report Independent Auditorfs Report Consolidated and charity statement of financial activities (including incomé and expenditure account) Consolidated balance sheet 9-11 12 13 14 Company balance sheet Consolidated statement of cash flows 15 16-28 Notes forming part of the financial statements
Sl. Columba'8 School Llmltad Legal and admlnl$tratl¥8 It)form8tlon for the yoar 8ndod 31 July 2025 Trustees The trustees of Ihe company during the year 8nd subsequently were.. Mrs S Bomphray l¢$igned 17161251 m A Brodlie M$ N Bowd Dr M CofFÈld ISigna 1716r251 Mr G Cunning MrA Curley lapwnied 23191251 Mr H Currie Ire$igned 281111241 MTS D Cook Mr G Craik18pwntsd 2410W241 Prol C.A. Espie Mr R. D¥vidson Ir*$ign0d 261111241 Dr A Fp$er Mr D GIrdw( ISigned 2419124, Ch8irto 4194) Dr M Jackson lappoinied 2419124. Chair from 24191241 Mr P Jennings Dr B Lafferty18ppoinled 21101251 Mr G McKe¢wn (resigned 17161251 Mr l Rd lawointed 41111241 Mr K Wilson Iresi9ned 19181251 Reglstered oNlce Sl coluM'S School. 18 Duehal Road. lmac01M. Inverclyde, PA13 4EQ Company Number SC016856 harlty numbor SC012598 Audhor BDO LLP, 2 Atlantic Square, 31 YoTk Street, Glasgow. G2 8NJ Bartk•rs The Royal Bank of Scotland plc. 339 Byres Road. Glasgow. G12 eop Bank of Scotland plc, The Mound, Edinburgh EH1 1YZ. Solicitors Pinsenl Ma50n5 LLP, 141 Bolhwdl Street, Glasgow, G2 7EQ Davidson. Ch¥lm$rs. Stw$rt. 12 Hopo StrSSt. Edinburgh, EH2 4DB Navigator Employment Law, Floor 3, 14 Alhdl Crescent, Edinburgh. EH3 8HA Health & Safety Advlsers Navtr, Floor 3. 14 Atholl Cr•$tsnt. Edinburgh, EH3 8HA
Sl. Columba'8 School Llmltad Ro ort of tho trust88s for th8 ear ond8d 31 Jul 2025 The tsusle8s wesenl their report logelherwilh allIed finanual slaternenls of Ihg Charity lorlhe yearended 31 Juty 2025. Stru¢tur0, yovom¥n¢• m¥th•yom8nt Governlng DOCLIn>t The Sch1 is ? charitable wrnpany Iirnited by guaranteg and was incorporatsd on 6 June 1932. The cOMnY was established under 8 M8morandum of Association whi¢h sets QLrt the objed5 and powgrs of the thaTilabl8 comp8ny and is gDVgmgd undgr its Articles of AsSoation. The Arti¢les of Ass0tiOn are rgvi9w8d eath ye¥r and have b8en updated from tim9 to tirn8. the mDst re¢ent update taking in May 2020. R8cnJlttt)èntand olTrust8ès The Trustees are also DirgGtors of Ihg company arhd act as GovemoTS of the School. Nominations or gxpressions of inlgrgst are Wel(rne at ny IiTne of Ihe year should bg Tnade in writing to the Chair of the Nominations Cornmjttee. When a v3c8ncy arises on the Board, the Nominations Commrflge 11 use the register of norninees. be they from interested parti&s or from out with the parent body. to cary out a selection process, the resutts of which will bp pre59nlgd to all Board members lor their 3pproval. Particular etnphasis Is placed on p8rsoD81 competence, speGialisl skills and local 3vailability- The Sch(wJ aims lo ensure that 3 compreh&nsive raDg& of skills, knowledge and exp8rience re represented within the Board. New appoinltnents mad& al any lirne throughout the ygar and are then approved * the next Annual General Meeting of the Sthool. DirgGtors are inilialty appoinlgd for a period of three years, following which they retire by rot3lh)n * the annual geneTrl m8gting and can segk re-eledion for up to a further Iwo lemis of ofli¢e. A comprehenwve induction pack is given lo new directors. induding Board p)liGy pr(8dur8 and guidaDGe on the role respoDsibi1it18s. Disdosure ChkS are c8rri8d out in rgspgct of all prospectivg direG5. and all directQTS are required lo undertakg annual safeguarding training. OryanlsalloJjalRIanagen)2 The Board is legally responsible for the overall rnanagemenl and control of the SchcK>l meets al 5t six lime5 a year. The strategic oversight of the School and the implernenlalion of all Board EK>licE5 are Gatried out by the Board and 115 Sub mMittees. These are.. Safeguardiw,. Finarbce,. Eduralion,. Estates,. Remuneration., Nominations.. and Devebpmenl. Marf(elirbg and Adm15sions. All committees meet on a regular ba51s throughout ihe year and subsequently report lo the Trustees al each Board Meeting. Additional short-lemi comrnittees are set up when required. During 2024125 a short-lemi {rnm1ttee met regularly lo plan and iTnplement the Junior School relwalion to the Senior SGhool sile. Regular strategy meeting5 have a150 been implemented. The Board ha5 InlenlionallyfiKu5ed on rotating the representation on the Board lo reflect the Ghan9ing skillsels perceived lo be important lo providing strategic guidan al this time, as well a5 to enable those LK>ard member5 who have provided a lorbger-term commilrnenl lo the School lo resign. The membership of each 8oard cornmittee during the year vras as follows.. Safeguardlng Commlltee Annie Fr8ser Ichair from 171061251 Mary-Jo Coffield loiopled. Chairto 17.06120251 Vicky Reilty IRectorl Jan Fulton IDepthe Rector) Emma thbetl (Principal Teacher. Junh)r SCWII Jani Jorbe5 IcTroptedl Dorothy M8cKillop IccM)Ptedl Development, Marketlng and Admlsslons Commlttee Bri8n LaertY ICh8ir, appointsd 271011281 Sue Botnphray (Chair lo 17161251 D3vida Cook Ichairfrom 1716125 10 271011261 Gordon McK8win lappoinled 2419124. resigned 1T161251 Vicky Reilly IRectorl Jill Glen (Head ol Cornrnercial and Operations) Roberts Bianchini (Head ol Development. M8rttebng & Adm18510ns. Imaierniiy leave from 41212511 Una Tdfer Iresigned 191121251 Zaiga Crouch (Directorof FiDanc81 Antoni2 Bery (Dep Retr. resigned 171W251 Allan NkKay (Depute Rector. JunK)r Schwll Lindsey Mslhie (Admisslons Ofticerl Finance Committee Alison Brodlie ICh¥irl Kenneth Wilson (re5e 19181251 Main Jackson Vlcky Reilty IRectorl Zaiga Crouch (Directorof Finance) Una Telfer (igned 19112120251 Gpham Craik l¥ppointed 24191241 Graham Cunning lan Reid lappoinled 41111241 Ftoddy Davidson Iresigned 261111241 Stephen Duddy IHead of Finance) Rgmuneration Cornmittge Main Jackson (Chairfrom 261111241 12n Reld lappDinted 41111241 Hugh Currie (Resigned 261111241 Kenneih Wilson (resigned 19181251 Estate6 Committo Educatlon & Pasioral Commlttee D8vid3 CcM)k Ichairl Vicky Reilty IRedorl Allan McKay (Depute Redor. Junior School) Roddy D8vldson (resig 261111241 Niki Bowd lfrom 16111251 Andrew Curley13ppointed 271011261 Hugh Currie (resign 2W111241 Al rnetnbers of the SeDior Lead&rship Team as required". Al2n MacBeaih (Depuie RettrI Jan Fulton IDepthe RtorI Antonla Bewy (Depu Rettr. reslgned 17181251 iek McLaughlin IDepuie RetrI Alasdair MGGregor IHead of Eslatssl Zalg8 Crouch IDirectorof Finance) Nomination8 Committ99 Niki Bowd Ichairfrotn 2&1111241 Hugh Currie Iresiyned 261111241 Main Jackson Ilrom 261111241
Sl. Columba'8 School Llmltad Ro ort of tho trust88s for th8 ear ond8d 31 Jul 2025 ntlnu8d Structure, governance and management IGonlinu9cII E¥¢h ¢ommdlg8 1$ ¢omprisgd of Bo8rd Metnb9tS, Ihp Rector8ndlor ttsmbers of the S¢hool's Leadership TeaTn. In the ¢a$e of the Satsguarding Committee individuals with rel8vant eHperi8nc8 and eipertiS8 have -oPted. The daily man¥gem&nt of th9 School is ddegatsd to thg R8cior and her Senior Le¥dership Team. The Chair has the right 10 attend ¥ny omtnitteg m8eting, wth the 8x¢eption of th8 Norninions Committfe. The SGhool is adive m8mb8r of Ihg Scottish Counul of Independgnl S¢hools. th8 Head$. Conferen¢e IHMCI. Ihg Asso¢i811 of Goveming odies ol Indepgndenl S¢hools IAGBISI. 8nd Ihe Ind8pend9ni S¢hool$ Bursars, AS14110 IISBAI. SentormanayementpaypollcyandproceduS The Trusiees are commiiied lo offering a comprehensive pack8ge of terms and condthOnS that 13 competitive within the Scoiiish indewdeni school seclor. This 8pproach is designed 10 8iif8cI, retsin. and moV81e high-calibre senior management who are capable of delivering Ihe School's stratle ob1liVes. The 31m is io ensure ihal senior leaders are fairly cornpensal¥J for their Indnlidual responsibilities and their contribuiion lo the over811 success ol Ihe School. The Trustees conduct regul8r reviews ol senior man8gemeni remuneraiion. benchmeIng aInSt comparable Independent schools of 8 simil8r size and complexity. Recommendations for future remunerabon are ts)nsidered In the coniext of the School's overall financi81 oullcM)k. This prttess 81igns lh the School's broader psy slralegy. which seeks lo offer comwlitive sal8ries scross M)th leaching 8nd support staff. using market r8les forequiv8lent role5 as a guide. Grnup Sthjcture Thtr S¢hool ha$ bNo non4h¥ritabltwhollyowned $ub$idiary ¢ompanitrs. St Columb¥'$ Sthool IDtrv$lopm$ntsl Limitd and St Columb¥'$ S¢hool IConstru¢tionl Limiied, both of whi¢h are n-trad1ftg The Bo¥rd mwnbers of these ¢omp¥ni&$ ¥rt altso Ttu$t8&s of th& S¢hool Trustees'objectives The primary aim ol the Trustees is to prornole the fomial ucl)n of children and young peOe lo the highest academic standards, while 81so encouragin9 the personal development ol each pupil. The wl Is lo equip pupils with the character, skills, and values neSSary lo meet the responsibilities. challenges. and obligations of citizenship. In doing 50. and ¥%ryihoul compromisin9 academic excellence or the financial sustainabilily of the 8chool, the Trustees are {MMitted lo adopting admissions policies and SUPFK>rting ihe financial assistance scheme lo enable ac5 to a broad and diverse range of pupils. AddilK)nally. the Trustees are responsible lor that the School COM5 th All stalulory wuirements and upholds the highest standards In child protectK)n, well-being, and safeguardin9. To support these objeCteS, the Schwl is committed to.. Nurturing individu¥l$ and ensuring in¢lu$ive environment, Maximising the opportunities of being a cofflmunity Supporting gncouraging $t¥ff dgvelopm8nl, Expanding the Schwl's reach and rewlalion. Th¥ Tw$ts ¢ontinut to pla¢0 sirong emphasi$ on ¢ff$¢tive gov&man¢# $nd ar& ¢0mMitt to upholding b$$t pr8¢¢$$ ihroughout tho S¢hool. In 2022. lh$ Govomors partI¢ltl in a s#ri¥s of w&binars ¥nd tr8ining $#s$ion$ to a¢hi#vo the HMCIAGBIS Good Gov$m•n¢e C¥rtiri¢¥te. whi¢h 1$ valid for thr&# y¥rs. Thi$ ¢&rbfi¢¥tion r¢t¥ th$ir expertise and ¢0Mmitrnt a¢ross a bro¥d r¥nge ol r8l$vant goveman¢• to¢$. In 2025, tht Govemotswill ¢ommon¢o the re¢r[l¢stIoft pro¢o$$. Overtho ¢ourse of th$ yoar. Gov$mors $ngag#d in various profe$on¥l dov$lopment opportuniti¢$ These in¢lud8d ¥¥ssion$ on fu¥r1ng. ¢hild protO¢tion, fin¥n¢ial vi¥bility and improving rsturns $th0010ssot$ Wh&r8 appropri¥t•. in$ight$ and l¥miny$ from th•$e $o$on$ rtr $hapd the widor Board to $upport inforrt d$¢i$ion-makiw. Fees Fee$ ¢h¥rgd in 2024125 in¢rea$ed by 7 8% for wpils from Junior 2 S#nity W with effe¢t fr(th Avgu$t 2024 No In•$ w¥$ impl$m$n for Junior I pupil$. Fee$ r¥nged from £11.335 for Junior 1 to e16.830 lor Senior S¢hool pupil$ A ¢¥pitsl 16vy of £250 or £350 w$$ p¥y¥ble for Junior and Senior pupils. $pe¢tiv$ly Th$ ¢apital levy remains unthanga from th# prsvi¢v$ year. From J8nury 2025, VAT at w¢$ addsd to ¥ll tuition lees and the ¢spii¥l le. During the $ession the S¢h¢ol main$d in partn¥rship wth Invr¢lydt Countyl for th6 provi*on of lully fvnd#d Eady L$aMi 8nd Child¢srtr pl$¢e$ for thildren ¥ged 3 and 4 ysars old. Th$ S¢hool rs¢¥ivtd ¥ m8ximum of £6.891.80 per ¢hild from August 2024 to Mar¢h 2025. The maximum ¥mount per ¢hild in¢reased to e7.478.40 on 1$t April 2025.
Sl. Columba'8 School Llmltad Ro ort of tho trust88s for th8 ear ond8d 31 Jul 2025 ntlnu8d Work and A¢tivitl88 (pf tho Bo•rd of Trustw during th• Yo•r Th8 sch¢1 •$ a Ch81ity The policy approved by the Directors contiDues lo promote wder access lo the SGhool and prowdes support lor CUTreDt families lacing financial hardship. A Sub Cornmittee of the Finance wmmittee me@Is to review applications and award financial assislaDce where appropriate. Fee remission5 are mean5-tesled, based on the financial circumstance5 01 parents or guardians and the availabililyof bursary funds. The Bard was pleased to support 62 pupils w, wilhoul SUL help, would not have been able lo attend Sl Colurnba's. This represents 12% of the school roll. During the year, means-lesled linaDcial assistance awarded lotalled £6DB.494 I2024-. £551,940). The Sthool Is commilled to commuDIty engagemert and shares 115 IBcililies with local organisalions. Throughout term li. the Junior School buildings h05t a breakfast and after-school club run by an exlemal 0¥er. opeD to children from lo1 sch18. The Music Department hosts Trinity music exarns. The GaTnes Hall and Aslrolurf pitch are regularfy used by local sports group5 during evenings and weekends and a Ial nursery school during the day. AddilK)nalty, the School's aDnual Sumtner Fete raises funds lor VarI(S chatitable rAus6s. Teaching staff actively Gortribute lo natioDal eduCatnal initiatives, including developing aDd matking asses6meDt materia15 for the Scottish Qualfficalions Aulhonly ISQAI. Staff also parholpate in Wesl of Scotland subject groups lo promote the sharing ol t practice5. One rnetmber of staff Is an HMIE Associate Assessor. The School supports teachertrdining by working with Stralhclyde University and the UniveNty ofihe Westof Scotland. offeriry pl8ments for student teachers. A new Initiative was Introduced In coniunclion with the Schwl's Carers. Thomas Franks Scotland, whereby ihe School provides food for Inverclyde Homeless Forum on allemaie Friday mornings. This N>inl operation between the caterer and the Charitie5 Commiiiee has seen Seni¢x Vl pupils serving food lo the homeless ihroughoutthe session. The community pro1t¥[a1kAGOGarne, first launched by the Sch1 In SJ23, has Ome well established this session. This proied Is organised by a member ofihe leaching Staff and Involves the School h051ing alpday events combining talks on rnentsl health awareness frorn a variety of speakers such as Poli Scotland. The Haven, Koolh 8nd TheAnchorwilh 8 rugby or hwkey compeiilion. These events have been allended by pupils Irom a range of local schools. Our Earlyyears puwls continue lo benerrtfr(xn the opwrtunities aff¢xded by our Inlergeneralional partnership wilh Camp1 Snthvden resentI81 care home. This p8rtnership bring5 much pleasure lo both age groups. The Pipe 8and was pleased lo lead the annual Rem&mbrance Day Parade in Port Glasgow. and also aYed al a range of local gala day5 and Chrislrnas events. and ReDfrewshire ChamLKpr of Comtnerce aDnual award5 ceremny. At Christmas small music ensembles allended local nsionergroups to perform duDng their gatherings. Avery successful Spring Serenade tnusical event was held ID April 2025, showcasing the musKal talent of various musical eDsernbles and solo players. as well as the pl Band. The event was open lo the public as well as members of the School comTnunty. FL¢ndralslJJg During the ye8r funds iotalling £7.76712024' £10.657lwere rsised from v8rious attivilie5 and events These funds were don2led lo several local 2nd nation21 charities Induding Shelter UK. Finding your Feel. Chlldren In Poverty Inverdyde. Ardgowan Hospice, The Sttl81 Bite. Mcmillan Canr Support. UNICEF, Glasgow Childrens, Hospllal, Inverclyde Recovery C2fé and Britssh Red Cross. The Board remalns acllvely engaged In Supwrting the Schcd's cornmllmeni io maintainlng 8nd enhancing Ils high standards. 118ims io encour2ge 8nd assist the Rector 8nd Stsff In iheirefforts, while ensuring th81 the necessary resources sre aV81ble. In close eollamration the Senior Le8dership Te8m the Bo8rd works. Ihrough Ils various CommiteS, lo safeguard the School's fin2nci81 siabilily. educ8lion81 qu81ity, and overall well-teing of boih staff and pupils. The Board maintains slricl Oversighi of Ihe School's fin8n5 Bnd closdy monitors athIn0 and leamiw. The School Improvement Plan Is regularly reviewed and discuss. 2nd the Risk RISter is examined ai each Bo8rd Committee meeting throughout the ac8demic year. G)vemors also participaie In ihe annual Governors, Day. during which they visit the School lo engage with staff and pupils 2nd observe lessons In pKores5. Trnstees re5POn51bllltles The Tw$tees a re$pon$ible for prep8ring the Tty$tee's Annval Report. Ihe sir8teyi¢ Report and the finanial $tatrment$ in 8¢¢ordan¢e wth Under company law and charity law ihe TruSe$ musl prepare financial Stslements for each financial year in acthxdanwlth Uniled Kingdom Generally Accepted Accouniing Practice (UK GAAPI. which indudes UK Accounting Standards and appIable legislation. Under cornpany law and chariLy18W Ihe Trusiees musl not approve ihe financi81 Stslements unless they are saiisfied Ihal they present a true 8nd fair YV ol the financ131 FM)silion of Ihe group and chariiy, 35 well as the Incon reWed and resour5 utilised during the wiod. In meeung those responsibilities. Ihe Trustees are rUired to.. select 8ppropriate 8ccounting policies and then applylhem consislenlly., nke aSonable and prudeniiudgements and accounting estimates., confirm that applicable UK Accounting Standards have followed, with any tnalerial dewartures disclosed and exained in the financial slalements.- and prepare the financial statements on a going concern basis unless It Is inappropriate lo assume the charilywill continue operating. The Trustees are responsible for mainlainiDg adequate aountIng records that aUratelY refiectthe chanly's transaction5 and financial wsilion and enable them to ensure that the financial state18 comply with the Companies Act 2006 and the Charities and Twsle& IDveslmenl (Scotlandl Act 20D5. AlIOally, the Trustees are also responsible for safeguarding the chaTity's assets and taking reasonable steps to prevent aDd detectfraud or otr iTregularilies.
St. Columba'8 S¢hool LSmltèd ort of the trustees for the ar ended 31 Ju 2025 continued Auditor The eurrenl TruSe8 h8ve taken all necess8ry sieps 10 ensure they sre aware ol any Inform8llon reoulred by the comp2nWs auditor tor the purposes ol Ihar audit and 10 confirm thai Ihe aUdIr Is aware of thai inlorm8lh)n The Trustees conflrm Ihal, a5 far as they 8re aware. tre Is no relevani audit inform81ion ol which Ihè auditor Is unaware. On behalf of the board OJUfv+I1 M J$¢kson Trnstee
Sl. Columba'8 School Llmltad Strat Ic Re ort for the ear ended 31 Ju 202S AthievenMJts & Performance Our senK)r pupils aGhieved an excellent sel of SQA exam resu115 In 2025. Al National 5. pupils achieved a pass rate of 95.2Vo12D24.. 96.2%) with 71.7% I2024-. 74.6Vol al A grades. For Highers. Sen1 V pupils achiev a pass rale 0190.7%. of whiGh 59.1 /D were Grade A12024-. 95.4YD and 74.19DI and forAdvanced Highers. the pass rale was 89.9VD with 53.2% at Grade A12024". 87.3YD and 49.0%). Over 50% 01 Senior IV Gandidale5 achieved seven or more A grades whilst at Higher Ie1 almost one Ihird131.3%1 achieved 5 As. Debating and Public Speaking achievements included the Junior PubliG Speaking team consisliw of three Transitus pupils winning the District finals ol the Rotary Youth Speaks comwlilion. A very SUGGessful year In sport culminated with the SenK)r teams winning Dational finals In LK>lh hoLey aDd rugby. The hockeyleam won the Sen1 Girls Scottish Challenge Plate aDd the rugbyleam were Growned National Bowl U18 Champions. Furthersuccesswas achieved In the SGhool'sfirst representation In girls. football which re5ulled in victory at the Scotbsh Indendent sch15 Girls. Football ASSOatIon loumamenl al U15 level. Several wpi15 particiwaled in sports al district and national level, Including alhlelic5. penlalhlon, swmrning. golf. tenni5. hockey, netball and The Duke of Edinburgh's Award SGherne continues lo thrive al St Columba's School wth high IelS of inclusion and Gornpletion rale5 across all levels. 126 pupils enrolled last yearwilh a completion rate of 74%. as compared lo 50% aGros5 SGotlaDd. Beiween 1st Pri12024 and 31st March 2025 $1 Columba's pupils spent Z730 hour5 Yolunleering In the community. The siKial value of these hour5 Is £17.470. Throughout session 2024-2025, over 100 pupi15 frorn JUnr 1 to Transilu5 have eTnbraced the challenges ol the Mini and JuniorJuke Award pro9rarnm&s. These ennching opwrtunilie5 have Inspired pupils lo step outside their Gornlort zones and grow In conlidenGe and Character. Our outdooredurAlion Is further supported by the Gardening Club whiGh continue5 to be EK>pularand SUCGessful with pupils from Transitus to SVI attending throu9houtthe session. This year. the Gardening Club achieved the hi9he5t Ve1 ol the Royal Horticultural SorAety's School Gardening Award and planted an orchard on school groundsfollowing a SuesSIul grant application frorn the Tree Council's 8ranGhiw OLrt fund. MUSK and Drama OtinUe to a locus for many talented pupils. Music and drama productions organised by the MusiG Department and the between the Line5 Drama Club provided arne opportunilieslor pupils to showcase theirlalenls. An Impressive number of pupils gained first place award5 ID the Inverdyde Music Festival this 5es&on and the Junior SGhool Ghoirwas invited to wrfomi atthe festival's cebration Concert. There were successful auditions forthe Wesl ol Scotland Schwls Concert band. the Wesl of Scotland Schools Symphony Orchestra and the Royal Conservatoire of SGolland Junior Departrnenl. The Pipe Band were placed al the Scottish, Euroan and World Chaon5h1ps. One pupil perand a bass drummerwere seleGled the Sen1 Band of the National Youth Pipe Band ol Scotland and the ad drummer GOTnpeted atthe Worfd Stho Drummiry chaMpislp. A Junior School chanter aYerachieved 5eGond place In the National pl9 Centre Solo ChaO5h1p. The School continued to perfomi strongly In external academic cornpelilions. Junior 6 lebrated becoming nalionsl Sumdog champions atthe end of Maihs Week sCoand. for ihe second successive year. In the Senior School. iwelve pupils froffl SIV lo SVI represented Scotland In the Fina15 of National Design Championships, held al UCL with one SIV pupil selected lo represent the UK at Ihe International s Seiiiemenl Design ComFelitson in Summer2025. Following on the heels ol this success, one pupil achieved the prestigious engineering award, the Arkwright Scholarship. The entire School SurASe5 In IilerAcy. with the Senior School achievin9 the Reading Schoo15 Core Award. and the Junior School gaining the Gold Reading Award for Schools. The School achieved the Rights, Respecting Schools Gold Award,becomiw the first School In Scotland lo achieve the award frorn a9es 3 to 18 on Iheirfirsl application. This award reniseS achievement In putting the United Nations ConvenlK)n on the Rights of Ihe Child into practi. Al the end of the 2024-25 session, the total pupil roll stood al 516 Idown frorn 543 in 20241, cornprisin9 371 In the Senior School and 145 In the Junior School. Pupil numbers have seen a tnodesl dedine in boih sections, largely due to ongoiw economic challenges and the introduction of VAT on school fees frorn 1 January 2025, thich has clearfy influenced both current and prosFctive farnilies. Additionally. a falling birth rale In the Inverclyde area continues lo affect enrolmenl in the younger yeargroups of the JunK)r Schwl. Despite these pressures. Interest in the Schwl remains strong. Considerable effort is being invested in rketing Initsaiives lo extend the School's visibility locally and beyond. A diverse range of marketing 51r£legies has been Implemenl&J, supported byanalytics lo assess their effectiveness. A new School website has been designed and developed. One of its many benefits Is Improved analysis of the results of the largeled marketing campai9ns, which allows for evidence-based e$10-Makin9 forfulure matheliw endVours. In surnnEr 2025, the governors also cornrnissioned eernal consultan15 to evaluate the School'5 marketing and admiSsiS performan and advise on futhre UpGradlng Facllhlés Th¥ maiprity of ¢apital inv•$tmont ro18tO$ to"Proio¢t 2025.. Thi$ m¥jor proj¢t involv#d Junior S¢hod wpils and Staff relotsting from thtr KnOCk¢kI¥ Rosd $itt to thtr modern ¢l¥s$room blo¢k, the Girdwood Buildi. 8t the GryFft RoadlDu¢h¥l Road $ittr, in ord#r to rdu¢tr opw¥ting ¢o$ts in rtr$pon$tr to tht eNpect#d lower numbgrof Junior S¢hool pupils in futurs A nw dl¢lted Junior S¢hool entr¥n¢o wa$ tStsbli$htd, with buildiw tk$ r¥uir¢d to wats additi¥1 t¢iltrt$ ¥nd divid# tho building into two $eparattr for Junior and S$nior S¢hod pupil$ Thi$ WO w¥$ ¢omplet toward$ ihe Fnd of thg $¢hool yo$r wth pupil$ $tOrting thtr 2025128 se$$ion in tht hxion. A new gymn¥$ium 8nd two new play $$ w#r8 ¢rt$t#d for Junior S¢hool pu1$ 8nd IT upgrade$ wsrtr ¢ompleted. At Spnior S¢hool, fr r<ohs w#rtr uwr8dea to ¢roats a now M¥th$ 8nd Computing Suittr and lh$ final ph$str of th• main 1Ing roof rspl$¢sn*nt proie¢t was dtlivwed
Sl. Columba'8 School Llmltad
Stra
l¢R8
ort for th
8ar endod 31 Jul 2025
Finath¢ial r9ViqW
Results
The stslemenl of financial activities is sel out on page 15. The SchMI's nel expenditure was £474,37012024'. £552,567).
Total Inme of £8.442,776 Increased by 4.3Yb and iolal exnditu of £8.917,059 Increased by 3.1%. The main expenditure ol the SchMI is
that ol staff sAlaries whith accounts for 65.2%12024'. 62%) ofiolal expenditure.
Al 31 July 2025. net current assets were £2,027,41812024' £2.512.6531 Totsi c8pi181 expenditure of £697.519 12024. £189,755> WBS Incur
during the year. CBWtBI repayrnenls continued on the bank loan of £5m duriry the ye8r. The 8nv)unl ouistanding 81 the year end was
£3,621,966. Assets decreased during the yearfrorn £14,898.835 10 £12.910,210.
SAI ofpArtof Krto¢ktsu¢kle Ro•d $ito
Marketing Df part of thi$ site ¢Dmmen¢ed in O¢tob$r2024 by shpr. Ch8rt¢red Surveyors. Commtrrtyal di$¢u$$ion$ are pr¢gr¢s¥ing with the
$upport of our prolession¥l ¥dviwrs
Impairmeni of g4,037(2D24'. £2,000) was charged in the year
R88wv8s poIIcy
The School holds the rnaiority of its r&s8rves in cash. Th8 financial str?1ggy of the Sthool is lo achiev8 ? brgakeven positson and generate $h
surpluses through core operations. These surplus&s arg used lo fund c¥pitsl projects. repay d8bl. and Safvard against unexpedgd linanri¥l
pressures. Opgraling inwrne and gxpgnsgs are ggn8rally predictable up 10 12 t)nthS ?head.
As al 31 July 2025, the SchoDI held total rSseD of £7.953,543 vthjth £2.$80 were restricted and £7,950,963 w8re unrestricted. Cash
b¥lan8 were ,$60.819 observing th8 hool's poliw lo maintain h resetV8S 8quiv?lent lo between three and SIK monlhs of operating
exp8ndilure.
Investmentpolicy
The School's Investment objective 15 to achieve a reasonab relum on Surplus (xsh whilst minimi5ing the nsks ol any catal losses. To this
end, Investments are limited lo cash deposits only. Fund5 are diversified across mUpIe financial Institutions and fixed temi deposits are
staggered lo mlure al various points Ihroughoutthe calendaryear.
c CLvJcem
The Trustees have assessed Ihe £pprywrialeness of preparing the consolidated financial statements on a going concem basis. This
assessment considers Ihefinancial p0511ion and cash flow requIrennIS of the School for the twelve monthsfdk)wing the dale of signing the
accounts.
The School's source of income Is luilion fees and accordingly its financial performance is sensitive to changes in the sch1 roll and to a
lesser exlentto the quantum of fee income. In comrnon with other le&payin9 schwls, the iniroJuctK)n of VAT on school fees from January
2025 has undoubtedly presented a financial burden for some families and adversely irnpacled pupil MUMLr5. While Trustee5 had anticited
some delrimenlal eftecl on puwl numbe, a relatively robust School roll In 2024125 wasfollowed by a higher-Ihanxpected fall lor ses510n
2025126. With hindsight that was perhaps Inevitable as families look lo consider their financial (xrcum5tances and because families did not
want lo disrupt their children's education during ihe sthool year. There has also been a noticeable rise In requests forfinancial assistan. and
the Trustees expect this demand lo rernain eleval&J going fonvard.
To address these challen9e5. the Trustees have Implernenl&J a numberof strategic initiatives aimed al slren9thening pupil nurnbers, enhancin9
revenue and r&Jucing fixed costs..
Tho ¢onsolidation Of th# s¢hod wto a single sito to rsdu¢&fix$d ovgrhead loporahonal ¢o$tl 8nd allow fortho sale of tho Kwkbudtltr
Road site. in¢luding the Grade B listed bU11n9. Sh¥loit. Th$ salt is ¥xps¢tod to r¥i$$ fund$ p¥rmitting an in¢rea$e in ¢ash r¥strvo$ and
¥ redu¢bOn in the balan¢e ol the Bonk of S¢otl8nd lo¥n,
Investment In a new Junior School facility, by uniting Junior School and Senior School pupils and staff on 8 single site campus to r1ohl-se
the sCh¢'S facilities..
erealing additional recurring Inc streams trnIndraISIng to support bursaries and generating donations forfuture Gapital investment.
lechnolryies and resour$.
Tru51ees have PerfOed 8 robust assessmenl of ihe school's financAal fecaSt5 and e£sh flows and ils ability lo rneel its financlal obligations
overlhe period lo 30 April 2027. Projections have carried out for the nexl iwelve monlhs and these indicate thai the school will remain
sble lo meet Ils Yment oblallOnS as ihey fall due during the going concem as5essrnenl period. Trusiees have 81so evalu8led downside
scenar105 and In 50 doing, the Schwl should be able lo manage its associated risks successfully and continue lo operate as a going
concern.
As part of this 8Ssessmenl. Trustees have also Jns1dered the Schwl's lending arrangements. The Sch
Sl. Columba'8 School Llmltad Strateg1¢ R8port for tho y8ar endod 31 July 2025 Ininued1 Prlnclpal Rlsks and Uncertalnlles The continuously evaluates potential risks lo the School and Is reswnsible lor ensuring effective systems and processes are In place lo manage them. Identified r15ks are recorded In the Risk Regisier, which Is reviewed and updaied at each meeting of the Board of Govemors an Ils relevant committees. Following several 10r caytal projects In renI years the School has si9nificant bank borrovving5. The Trustees remain f(used on compliance with banking covenants and on meeting future repayments obligations. The School continues to face a difficult financial environment, eXaCeated by the inlroduGlion of VAT on luilion fees during the acadernic session. As such, slricl finan31 discipline Is essential. Processes are In place lo ensure cosl-effeclivenes5 and robust budgetary control. Long- terrn budgets and financial fOsts are regularfy reviewed Al Finance Cornmittee Board strategy rneelings. A key priority rernain5 the attr8ction and tention of pupils as this directty irnpaGls financial stability. The Trustees. the Development, Marketing and Admissions Committee and the Senior Leadership Team a workin9 together lo ensure the School is marketed effectively. The Board remins comfflitted lo ensuring that the School rernains 8fford£Ne foras rnanyfafflilies as possible. Plans For Futu Perlods Prioritie5 forthe Boardof fwslees during Ihe School Year 2025. X126 To maintain lh$ higho$t quality of t¢a¢hing and It8rning 8nd prov¥ a Thd r8nge of ¢o-¢urriwlarexpsri$n¢s$, To maintain a $llrnt. sustain8ble and 8daptsÈ financlal Mre1 thai SuppDrtS ihe Sehool's vlslon, invests In excellen and protlS Bgaifhsi exiern81 and Inlemal finanual risks.- To redu reliants on sch1 fee income by expanding othersources of Ints), Including fundraising., To maintain or In(xease enrolmenl through strategic marketing and admissions Inibatives.. To ensure that the School has rust [ff(edures in place lo net 115 slalulory re5POn51LMlilv&5 In respect of safeguarding. welfare and child protection-. To tn$ur th¥t $11 a$ps¢t$ of Sthool property ¢(thplywith legisl¥tion in¢ludiw th¥t relating to 8¢¢o$bility and h$ath ¥nd $aftrty.- To COne to reflne governan¢e procedu$ in Ilne With be$t pr8ct¢e". ar To maintain ihe School's charitaNe obligations. eoncluslon The Trusiees are dedicated ensunng ih81 Sl Columba's remalns a thriving schcM)I delivering 8 hlgh qualiiyeduc8lv)n81 experlence for all Ils PUPMIS Whi also aYIng an active role In the Ioc81 community The TruSe8 acknowledge. Énd gre8lly v2lue. Ihedèdicsllon and commllmeni of the Stsff, whose etforts a ntral lo Schcd's ongoing SUC58 On behalf of the board M Jackson
Sl. Columba'8 School Llmltad Independent audltorf¥ report to the mombers and trusleps of St. Columba's SchoDI Llmlled Oplnlon I5 truo3ndfarvivttth&sk1B DflhgP3renlChaT1kLqBCDrnnjrfS aff3irsa53131 July2025andDflhgGroup6ll Èndzppltsknn Df hbp1pWamlaccfjrdaMc•lh UnitsdKiWd0mGéllyACt•pIidAcO)un1inYPth¢. and hav&bBBnprEpd13lMTd&lh th8requ18ntsOrBcn1BSAct2ME.thB ch3n&sd TN&tsB Inv&5knBnllScDI3nd1Aci2 Bnd Ubn5@5nd8QFthe Chanli#SAcrthL4lsGtsartd1 R9EwlaOns2B WB Budiled th?finBlaI 5LThnts ofSICDlumba¥SihoDI Limi I'lhe Pa1 chantab Comp land 115 Subsl3r1E I'the Grwp l Forts sp3rendBd31 July 225iCh Dmpn5è th8nSOl1dad and charily 5kl8mgnl Difitsanaal ac¥1è5 1clUding IncOmB and BAPBltUre aoUnt). cons0111¥d balaf9 5hB8t anY bnc4 5hB8t CSlIdal9d pi8paraliW is apF4icat4e law and uned King0( Accwnllng StrndaiO&. ¢1Ing FIMnoal $Lla 102 FintIal Standard in UK and ReDblICIrel0nd (United Kinglw&DerallyAGGepted Ptècllcei. Ba¥1$ for opinlo e pGwdonGe1h kntempl1l Stsntsrdson Audiliry IUKIIISAslUKII?ndfvi 1¥w.0?punYblllesUndpr1h05e ¥refurnhers¢nbpdin IheAu4itorf$re5pJnyiblrtf0rthethDfthEfIn0ncIeIthn 5EcIlOfouTrn WEbeliev£ ththe0utyIdenceehobtrIne¢ 15 suffict¢ We WeirependentrthGrOupnathP ParenlCh?rllpbÈ In Iheelhic?I requirements rv1r w11 0fthef1Gll ?11$ Inthp Urf, ¢lUdin9 Ihe FRC's EihicolSn4pr¢. ¥ndwehpvefiJaOvr01hErelh¥1 resps1rae& In ¥cCord?ncevlh Ihege requiiEmen Matsrial un¢ortsinty r•iod to yoing ¢ott¢m brtth ¢wur IheÈndprh¥$ gnurtrofTyhty Wnol obli9thn$ 1¢h¢lu¢Pui1ythP n9hltyieque¥1 repOWEnlofthe W10nd lo¥nb¥lonGe%thich ?¢Ed91hef0rer45I 311ablecBgh AssLgted InnD1e l. thE5&enOrci11on5.S10ng Y1h othErfitte BSaet[t In Note 1. In4icBlethBIE maten4ynLrtBintyexiststhBI MBY Bilf18ntDthI on thB Group Br SChls BLylitryto clIn8 a5 a uoing cDncBm The 5L91£mEn do Inthde luSELS thatUld bB quired going M bB313oF In sIlln91191lenn1. weh8vendudeth5lthP DireEtors ugeQf1hE9W9cCn 51&ofa[wlinginthP prepaOn ufthEfln¢1Wnl i&Èppropnate OuTiegwnsililiEs Iher£gwnaibililiEaofthETwsteEBwIth respEtogHTrg EQncBmpre¢Esibe¢ In 1herelev4ThlsEcsorts&r£W Olhor Inloymatlon TrTiusIees¥reTe&mnbleforlheothetfOnWn TheothErinfornioncomwisoslheinfoTh•on Irded In IheR¢portoflh¢TiuslEes. OUTopinnOn th?fin&ncialsL15 doB3 notcrihOrf0nTrknn d. 8xcpItOth8 Bxp1icil5t In ourrepJrt. MleXpSS BnyttYmS5uTanc DnclulhDjan. Oui iswnthilily ts lo réad olh•i in1matM and. m doing $0. consld8r othtsr infoimètion Is ma111Y kn1h ancIal al•rn oDlaineO In awjll or otswse awears to m3ierloiy mlsslèled. I111 Such mater1 Inconsis1CleS aFwrenl teal MteMet$ we are ewlred dÈiermlne WhhElh 1hEre Is p m?lerol misststement In the fin?ncio1 S101enIS or p rroleTral mwtetement her infor11n. K, Ihe we have we CclUde 1hal Iherei$¥ mo1eri¥1mi%%l¥1enEnlof1hisotheTTr1o we ¥r¢ required loreportlhll¥c1. VWB haV?MIhitQ[8wrtln lh13rEqd. Oiher Companles Act 2006 reportlng the1rrfoo 9iwen In IheTiu$lees' R¢wM. 1¢hinG1ude$ the Dire5, ReM?ndlhp rate91¢eN yeparedforlhe pwpose$ ofc.tr?f1nanrl¥ye?rf0[ vthich1k¢fin3nE131 &tEtErnsrQprepSTtd Is rAJnsi&ten1wththEfin3nC1319131enEnl&, and th8Str31£wi£wrtErthB Directo R•includBdwihinthB TIu51BeSlBWrthasbB8n ppad In 1 qUrn In the Iyht of Ik¢ knrtd9p undprsl¥r¢iry of Ihe Glow Ihe Pwent Chprtswe rnnY 11$ environnEnl obkiined In Gourse of thp ve Idpnlffjed tennl In IheRepmoflheTtOQS
Sl. Columba'8 School Llmltad Ind8P8ndont audIt08 report l¢ontlnuedl VWB Sp810f8fo1lW matt£rsin TrL4knnbthhth8Compl5A2QthZndthB GnIlSACnl5l5kndI UB5 U5br£pJrt loyou.INQurrAnl paNd41ua aCCOuthW noibwThk8DI. tilunS ad8tyai&h)rourthihav&Mlb1 I1¥¥d branthi$ no1¥¥d tyuS".or th811 glBIEnEnlsErewl In 3greemEntwiih rerOr¢95 relLvn&or (¥1315UreDW8c1[KTs IBMUn3ri5pB& by nDimBdB."or have no1 re¢eled a1iiheinf0mn expl¥nBliQns requireforwr3udil, Tiu$188s noi lo tsnancial slalthmnls In alIaN¢• w1h small i¥lm• tak• advanw• ol lh• WAII ctynpani•S eXen Inoiepar4n9lhe edS'leOrt. R•$pon$Ibiliti of Tru$tw4 Ase¥plained TetjIly1thQr%tee'respSlb+k% statemeirt, IheTru$teesl%thoweth thethreljQftre C1¥blecrytsthp pUse90fc?ry1aW1sre regpLw5le th&preP811 QfihefinCist2ternPnt88ndfOrb&yry lffied Ihat1hEy9ive 3 IDJE andfair view. andfOrs Intemal Ewol a&thE TteedElPrnells53rytyen2e 1hgpr?p5II0FffiBnI st2mentsIhatSxEfreOfrQrn trial Misstst£mEnt.whethBrduplDfud DTgmr. In prgpanry th8fin3ncia15tai8Thnts Tru518e53f0iB5wwblgla5585S1nD Ih8Farenlchanlab Cwny5abililyiDGDnlinuB a5a wingconc4m. dkn51. a5 01 ¢a$#OlatiOn$. orhavèno r8allslicaltomay90ulths0. Auditor's responsibilities lor thg audit of the financial ststements We have teen apowted a$ dItOr uThJei SPtion 441111¢) oflhe C711Sa Tntsiefj Inwesmnl l$ccrfly¥JlAU 2sa uThJer the¢omnIeAcI 2N6and accor¢lance wdlh IheA¢lsd relvrfan1 regUlwsmeb1w9effeC1 Our DbF¢livesEro to oblBin reE%b assufEncpE1thihe( the511 as B Brofre0fTht9na1 miggtElErnl. %thE1herduetOfrB LY andto Issue an BlIrE Indudes our OpinTr Rea58b B5Su8 13 5 hh I81 Df B5SU. Is not a guaran? that s11 conduclBd th ISA3 IUKI ql 8y5delala m155kiBmenIth8n I18xibLs M155LThnts hM[Trudorr Br Bl£ cSIde malBr1 Il. InthvId1IYDT In th&aUw8981.th8Yc re851 Alurthwd8scriWionotourr8swnSibilil$tOi Ih&authlofm&linan¢ial$tiièrThJnts IS al Finanal R8wminoeouncil'sw8Ial'. hUPS'.Ihwttfic.org.uWaudltorsre$wnsibllllles Thlsdegylp11onfonn$ partOfrdil'$ rem. lryegul?TrDes, cludin9 fr?d. 4re ICeS of th and re9U1% We design procedures In line wlh our Te$wn7Abililies wtyined w1¥e, 10 de nnal mi99131enEnl5 In respeciDtiwUThtses. IrludIn91raud Theextenlto%thich ¥rec¥p4WeofdElec11ry iThe9ul¥Nbe5, 1nEludin9lud13JE1Ieg BaS8d0.. Our U$indin90ftheGrOUpan&$8¢b)r14¥hh ll0pqral', obtsin1 undSndingvGrQupSpDknS ar PmlBdur£5 GDn51dBr8dth85l1fICBnt1aw5ndu1B5tOb8 1s?lw5ubiety re9u1wonswtherelheonwn¢Tof(4JVIIwne h?mOlIetrCWthPm0VlOT(h%CkjSeS lnlhefinpwl sttement3,for exEmpqEthwh1hE Impothon offinesLY IW31ion R£v16wDfminul£B DITh&80TBe¢hr9Pdvlh ¥emanGetDT1nYinwCDfn0nmplI0n¢eIh wublI, RoviewofflnancialstgieI1lsJJ$urs aase1n10SwmIngdThrnan, Involv8mBntDftsXSpII5l5InthB audiL Revlewof1e9tAprtlwÈlutsIuTh$&Wts nattJreofweThJlluie InCued. We assesseolhe3uscep1lI1Yo1IhefjnSl stemenL8lom3ierl8lmlssl81en1. Includin9fraud. OurTk&Ses$rnenEprOlre$IN)UdBd. Enquiryvlh m¥npgBmEnt Ihose¢hgrgedwthgovem¥nGE reg¥idiry pryknoll0rgUspe¢ts InBl¥nGEg ObkiniThJ anund8r$1andffjg oflh&tsioup$Wli#artdp1twdUl$rIry Io Detrg respond to Iheri5Faoffrpud".3nd R£v16wofmiThu1£3 n1ThorSeCrgBdyth wvernanceftx3nYknnarBuSpBCt8dBL4nSQ[frud. Di&CU$510namwd howand vthMb(raudrnighlo¢¢uT n¢ial$la1Ithn1ts. Perfonnlw aDalyi¢al procedures lo entOn¥unwAjal Unexp1 relatlM$hlos1l¥ITh1IC&te1lSkofJteIlt1Nl$SlalV4)1BnltofraUd. B¥se¢onournyk weceredlhe4re $1¥Scept1bl1ofr0yd lo beinc0[eCOYn10on ¥pCollY14tyDn lom¥nipUl¥liLoflncgrnQcrf?d9ernt T8sbng ?¥gmpleofirwmpl EntriE¥ihroughw11hByepr.vthichrnBlgdBfined n¥k nI. by¥gi£ngIDgUprtingu¢wrnnIon P¥WBII ?n uwreditypb1?F1PDf A55e88 mpnpgBMEnt'sr£venuBtEthn For¢oThyli&ih sn¢pr¢y¥Trsl5tenllI¢?". CuloNt8slingP8rtoim8don 1w)M&atruntS', Testinu ofunusljl5 PD5tedto IncLynB. LkweknFAn9eXcu1IofthIfee Incomefoi mÈyeai shId10)mPartThj ml$toaClu¥feeClecoIded Inweswaw$lwmcanttsffeeS.
St. Columba'8 School Llmltèd Ind8P8ndont audIt08 report l¢ontlnuedl capabilili8sand rmaiTh8d aaty1rl¢atffj$QI{r9udorn0mrNcI1aWtsandrlaons mrOuyfb)ullhèauthl Ouiaudrtprwedureswere d&4ynpd lorespod to nSk$Of[el tateMentIn1beffinnI s(ementS. reGQ9nisirythBlthe (1notdeteGlin90nn8lnyss1nnl dup to (1hherthwnth nykorr1etemg ere%li1ngfrOMeThQr. ¥gfwd m¥yinvolvedElibEr?le by. tsex¥nylE forgEry. lllyEpregenl¥li5QTihrQv9h c51 ThBreareinherEntlirnila1ionB In Iheauthwo¢e¢ui£B perfod Br thpfurhBrromDvod nOnmnlEsndTlson8 1sfromthB Evon1gEts8rtSTaflEclE4Inth rinana31statsmBnts.thB I&51&ewp8 b8mEare0fil AOjrthdlscAlO1OUrsWsibilII$frlha0ImrIna¢lalslIt0Thts 1$ Pinanttal RéwMingthMcil's i-PRt'S'lwJibsit8al.' Use of our report Chaiitsbl&Crwrfsm8fiw&. asabod¥. in alan¢1capl1 3 orp 1edm•Crwan8AXs. and Chaiilabl8 Crwtys Irvstees as a InacCd3nceWIh InecMIe$anJTJs[e1ne$nl Iand) 2N5. 0uraudl1w) ha$Oeen uThltake$oltn1ghIsIaIeIol¢h&f1ts Comp15hersnd1Ts(ee$lh0Se mollerswe8rerUlred1OS191e10lheMITr?n wdi1ors re[m8rfrW0Iher pwpose T01j11$l exlentMlIebYIW. no1 p1or¥ssumereswn%ibililyloQ1herpTrIh¢¢h0fib1PcQrny. 1hpch?ritrk Cry)pty$MenpabdydIhe¢hwrbleCQm9ny'$trYS1ee b(y. &your authwk.forih13 repm.rytsthp upiniongwe he fomE¥. Sluart MdDugall Isèn1 StatuloryAudllo For a0bh>1IBDOLLP. 5klulury*drtr GI90 Unl 24 April 2026 BDOLLPis4iLqEfor¥pp(xnI1?$wdi1O0f1hECh1bIVI[ ufrtseli9ibilityfy?pwiThtrnenl?s¥uditorofp GunyprywereCl 1212ofthECLrypE5kn& tsDOLLPisalimii8dl1yartN¥rs 1801srd In ÉngndartdaW$ 1801st8 Numb05127I.
St. Columba'8 School Llmltad ConsolldatEd Ghafity 5tatEmPnt olflnanGl41 astlvhle5 Ilhcludlng con5011dated Inromeahd EXPE[ltu1?jUf1fQrtheYefPnEd 31 July2W25 Unrvstylgd Rg¥trfGtod Total Total 2025 2025 202$ 2024 2024 2024 Ine¢mfr¢m". Donaton5 108.816 141.347 24.7 40.6 s.8 FèB InGO Burs&nesawprdBd Canteen lnmrr 8.V89.117 IsoE.wI 1M$5& 7.880.534 7.880.534 132.3501 184,5S9 IA8,5 SO(ledafterlaclt8 Mu51ciuiknn. tshl butsandtry5 21.656 459,244 3.970 385.970 InvesknBnl InGG I,416 14ty.408 147.4 oth Iw T¢tilln¢om• 101,816 Wl.778 8,086,784 6.2 t,s.084 cn1¥bl&OltseS 108,816 121.022 49S.037 8.439.817 2m.O 7,650 8.147.467 0.0 Tol9lExpgndft 8,808,243 108,816 917.05& 8.639.817 7.650 8.fy17.467 NBtQUtgDgrQDUlCL b8f(1&ts8ts 14742831 Iss33• 15514331 tlos8onlnvèsiinès 493 N•tExpendltu 15$2.540 15$1.YOI 15520 I551, offvnd$ Tal ru$ brouohl IoDptsl 2,5È0 442T.1IJ S.$71.8TS È.$79.3 7,950,904 7.95&$43 8.425.333 2.580 ThSLit8MwlthFINaNialAdivitsi1Udb$éll rcfjgnis&d)ainSar $sin1hthirn14Thd Pra. Inillrngand 8xp8ndiivB denYefromconUiac[NllI4 The notes on page$ 16 10 28 form part of Ihese financwl 5181emenls.
Sl. Columba'8 School Llmltad Con8olldat8d bal8n¢o shoot at 31 July 2025 Companynuthb•Y8¢01e85e 2D25 2024 9J02.113 12.919 Fixe¥ 39¥etirrnPnty 911572 10.122.¥$ Cutt#nta8sèl stock Debtors ShtTM D8wslL% Ca&h31 bkandhd £79 1640 2.19&829 J6S.B9D 2.492.e70 1995.138 4.776.277 Cr•dM¢rn.' Imouni%lilllwdu•wlthln •yMI 1967.7201 12 2.e24} NEtcutll5Bts 2.027,418 2.512.3 TotalaÈ$4islè&s¢urtit l1lit 1IM4Z,490 CTrditot3. &mDunisfBlliwduoHttq ornthllnonBr 13,988.947 14,207,#81 N•t•5wis Fund Rgstrict£d Fur8 2.5BO Untrn9 7.¥ts.g$3 .425.3 7J50JeS T¢til 7JSJ.$43 ThèrIn1 apprO¥AbythtsTTu$15arlun$df0ri$tsQ MJa¢k$tt TtUBt£ Th8rnlll5 p8985 161D28fQThrtQ[BsnènC1Slthrnnts.
Sl. Columba'8 School Llmltèd Cornpany balance Sheet at 31 July 2025 Compinyfiufflb•i8¢016856 2025 2Q24 9J02.IIS 12J$3 Fixwj a$$etlDveslments 13,040 9J15M76 10,122,s62 CurTqntB8IB Stork Oeblors Sh(xlT¢m ashEI bkandhd 79 1193.829 J66.Y90 2.4.67 IB9&13B 4.776.277 Crtditors.. amtsknnisalllwdu#wlthln 1¥7.7241 .2.£28} NEtcutll55ts 1.027,414 2.512.649 Tètalas$41s Iè&s¢utsèTht lillit5 11M4Z,4 I4.7.29$) 7.9S3,513 8.427.913 Fund$ R&tricl Turtds 2.580 T.95D.963 8.425.3 7J5S.54S T¢til 7J66.113 ThfiMn¢Alskil8m8nL8wW8 approvY8 M Ja¢k$ TtUBt£ Thewle9 p¥9P9 1$to28foTrnpartofIhesefin?nGi4*IEn15.
St. Columb'8 S¢hool Llmlttd Consolidated statement of cash flows for year ended 31 July 202S 2025 2024 Cuhllow¥ Irom¢p•r4Wng Xtlrfths Ng118Kp8ndits£Plnm9wr5lBn1ffihartQla13c1rl11lu terestrecwvaE 14743701 1149.4061 4G8M81 Deprec1 &ITnn1 l%$eL% 496$? 122229) 200,LWO (In851}D8 Ind8biLY5 IOeci¢¥$ÈYlnuet4e In credltws 1,242,Y9 (In85) In 5tQGk 185 204,&19 Losson I151 eStrntS BT prOYopr0on (912M181 CB&hIlDWfrn inwBstinu ItIe PaymBn1forL9ryiffiXed Iroml I11Dn Trnd8s1tacntE 198N1 I.4ll6 g¢nprptsd 5nvWnu4rtlvltl? (219272) I.33$) Bonk loans rep kit8r&ipaid 1156A141 1145M¥SI 12I4.t491 NBtc&Bh in)fincIntyuEtI%iti (342ADTI IOecwseYlnuet4e In cèshandcasheoulvaleiits 11AQ4J27 1,023,76S CuhInd¢a5h•guIv4114 Ih•b•plnnln9 olth•y••i 171ts17 47,752 3fj68 CbBlanGeShBt LOngIrnd85l1 nDiMBat th&d£nI110rCA&h Bnd c8shUr<BlBnts 2J60019 4.4.17 366J80 pag8 1$to24fompart0TlhBs8finanGiBlntr.
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Sl. Columba'8 School Llmltad Notss formlng part of tho flt)an¢lal 8tatemont8 for ihe year 8nd8d 31 July 2025 l¢ontit)uodl FxpEréilure Ig recned on ¥n ?ccwlg bp&is the Ii¥bility ExpEréilure VAT lch bE W IELYJved. ?nd i& reported of Ihe PBréiluryto%thich IliEI expEndiluro GDSIB by1hechty In Ihg¢eliv¢YyoF1tSEGlilIe32n9 1DrtsbEnFfirileS. li Inthdes b0thwBl&thBlG al1r£dthYtQ5UCh t¥1bSandB?cr>5tsDf8ndllCtn&1LW8 necB33¥iDsupwrtthBm. GDvBmc8 fA)&ts11ud8 IhD5ero5IB355I£d1h rnwling1hB LblOnal3ndELuWmlQ[thv ChanandCllhaudiI(85zr5l5 IinkvAto thaiily Thbw ar In¢ludd4n toslOTthariki¢lt$. All costs beNveenihe wendiluie c5wleS oflhe StèlenI (IFlnancialAcllvllleson 8basis th$led10[etlhesÈ0lheTeSrce. Cos1$ rllng to?pprWIpi?¢tyiity¥eplDGp1llr¢Glll h¢r5 pre PPPMiDned bgSEaon relplivew9P Unr¥sl¢td wn•iOMds awalllè1)ru dlIon01tsTiUSlth$fUrthlan¢M&9n•14QbjV8S0fth8h1. Resldcledhjnds are forspecilc pu0$4 ès laid |mL4oreXp1Id1Iy, bye(rnr EXpeIlUrewh1ch rrets Ihe8e crrterf8ty Eal0efur. tygethprwlh ¥f¥ir?IloWon Qfovethp4na¥ppUrtGlS. 05 Dep11$ rep bye8th$Len(on reglslrabon althÈ$cho(d.TheSearecIudedlhe balae$heel¥d1&ccN5lS rep•Jwhenihe reglslered llr5$ B psItsIEPPymEntvthentheyleavelheg¢hwl. knv8BthBlltSinsul8rydBrn88sreSLt£d &tCD5l53 BnYrADWiEtDTlWBlTThTrl Li&tsd I31m8£ m8xPBndthr0andsSZibid wic?. S1o4s ale S(ed(hel0rofCO$1 netrepligab1ev4l, beiry thees1irnd WlGe Cosl 1sbBsed wltr¢co$lofpurthBse. AteaGh Bal¢ Sheetdate, 3sessed[lIW3lThL IfstyGkis Impaired. lhEng anKuntig redd lo115selliryp ThE ImpFarnEntlossl3recognis IMdtelY In lemEn10[FlnG1 Atylvie& I85595Mated resalYll%al1 t3wiLqBfix£dassll15. eXcurTfrOldL1nd5aSSts vrynly Land err$ uVer10?nd2Q5 FiwS eqUIpt Crryulirwuipmwl slaff hay8 ofjwingthts $Ithluna$GUPrt Thtsi$a sch•ma1Sr•d byRtydILmd PAulual lrtuw¢&So¢i&iyUd. Thesrknol Is In ph¥sed wihdTrwaIfromthESWbshTethErs5rheTh ISTrSI. 1h &ev£r?Ite¥chErSraln9rnbhlpfLth&thWn OfthrenVknymPnt.UthIIe th?3GhBm&iB nowcl0dlDn&rnbe5 The STPS a 111.10 benE Sche. As the sch1 ¢annol Ils sharedlhe ulyIng acorb&ienl basls. In iccrdanceM FRS 102. me$chemÈ8s8Oenn£)Dtrlbtro $chemEfOrauMn9 NSe$.
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St. Columba'8 S¢hool LSmltèd Notes forming part of the financial statements for the year ended 31 July 2025 Icontinuedl ountsng Jay AllabIlily$¢n1s0d b) m••Aiinlofanyunvs8dMliday èim•balc•sh•81daieandcaifd Iowdidlofulur8 p1$. Tl$msu•d ai thend)Unted saryO)slOllhehJhJre)lldVe1In1P) èccrueda11he b8ncesneet¢te. Thepreparalh)noflhe8ef1nGlal$l8Ienls has requIrthe Tlee$tO k¢judgen1s esliwtes and 5s$unwi1tathe1lQfM1Ieandlerned rnoun19.Tho¥ieosInth1n9?de90fdMl9ni¢El0IheYW91n bY1hstmEnts ¥ie-. T3ngibl8fix5sets.SB m8ntonSthWa. depCIaleo¥OrB InlBndedtOlBllEcithEV£51imBIBdu5Blul I15 ThBEWliC1llty0fzs5u IIv8515reviEwed 8nnllY.L4Jn lniDaolI8csSvh&sphY5IGDnd0n Tan9iblfixd assèts als0ass8d as tfj v4h&1h8rlhi&aI&iriCètrsoIWaifTrjTrIsas$snIInwOcDnsl08iabort 01m&N0mVblI1lylIhèWrpos&r whIch1$sell$ Asper Noleg anllwairnnIlS oft469.03712024. 00.01&$1ec3nl$eJ11esvC1Q11heVroDth0ckck R(•J The IMFlPt refecWrn8na9ernen1'sa$$essnElEl rewvetBble b8sed faIrVaele$Sc0t%tQ 5dl w?s I0rSlhB property3c8Trlry The Imtkiirynenlcr9P hasbeen rgnised}rr?l1 OfblIdI, NÈtlèXpBrtdirb)fihththfOrth yèar 2025 2024 DEpreClinfodtsnlrixBd3BBBI8 roup pud11¥rE9 0&881 20.767 551.810 16.5 clu&Ointrgrouoaudilleeof£20.7e712024.£16,5NI l$the amuDld£1.NOI2024.£1.MoI lespeuof1aIleSWhlthare)rfinl. D¢n•llons Tulal Tot41 2024 2025 2025 2Q24 DOnOn$ 108,816 141.347 24.788 4D.80 65.388 F•• unrlki•d 2025 Tts1 2trA5 Rè&th¢t4d 2D24 Tètal 2024 2025 2Q24 Schwlfè#s 7.929.Q IM.112 7,929,Oll5 1SB4 1£$.403 8.484.117
st. Columba's School Llmlted No¢•8 fomiing part of ¢h• firt•n¢i•l $t•tomontsfor th• y•arothd•iJ 31 July 2025 l¢ontinvodl unrrIci#d 2025 T¢lal UrttèltiQtèd 2Q24 rètal 2024 2025 BBnkdBWSrt8 149A 149,446 147,4 149.4 I,406 1474 1474 B&31sof 2024 Tot41 CBllt GoYqm&nce Tot O¥ecl 4,77S,4t4 4.775164 715.961 4,584,364 654.159 OlhwdirÈilcos IT4Y S.1.71 2743 tsA91A52 S.23e.523 suppDrtcOBtBlDf3tEdtO3tsbitip Prwetycosls 988,850 1,08s,536 487.643 S69,6 23.8S8 972.394 371.4TI 6120M 20.767 fj9B228 $7.fj09 612,4 AuthLor5 .787 othEdnIStrli 8fin8Col Fittinys. 898.228 37.# A¢lu .7$7 2.829.570 3.2QB.9I4 Tot 2.T43 20.787 8A21.022 8.447.487 T202511UI8w4S&1Ialdl01h8sam èxp811ur¢aI•$a$ In 2024. Om8rdlrecicrbÈtsrSIIIt42y.24s EC&On aE2.T43EcanlW. Authi$' reMUraofl20T67 I¢81t0¢0veMlnGÈ.
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Sl. Columba'8 School Llmltad Notss formlng part of tho flt)an¢lal 8tatomont8 for iho ar ended 31 July 2025 l¢ontit)uodl up v•stm•nt In subsldlartÈs Li¥te Toial AtVal- 13.Q36 13.8 Mwementf0rlW Investy1$ 12.S49 12.949 COrnpy Liyd in wbsid15 Tot31 AtcostryvE1uBln At1 Auw512024 13,0 1871 12.949 13,fy10 Orovp?nd¢ompwny 2024 2025 Li¥ed iThvest istrA1¢CSt Ctsmpany nuthbèr PY4portkJnotvtsling A4hi8and ordinary$harè¢aprfa hdd stColumba'5SchoDI ICon5InKbonlLimid SICDlumba'sSchoDI IDèVthw&n15l sc5¢ SC2Q]653 re91Stered ofbothsub91dipr$ 15 laD7JR0pd, Scodpnd, PA1344U. Doblor4 ¢¢mp 202¥ 24 2424 F8Bd8bliYs 101223 2F1,T14 58.650 3$2,638 10&223 271.T14 s8.0 PrepaYmenL8andac4¥U OthDEbS VATDEbtyr 64$ 433,W All4MwnlsundErdpbtyTrfalldupforpnI1thln yew.
Sl. Columba'8 School Llmltad Notss formlng part of tho flt)8n¢lal 8tatomont8 for iho ar ended 31 July 2025 l¢ontit)uodl 6up 2D24 ¢ompby 2Q24 2025 BarloanS(ScurdI Tradeu£thto Taaland$?al s8curtiy D8pD5rf5 Jwancelees 174362 301765 160.082 292.01$ .193 36.650 1,392.29S 6.341 174.361 303.765 115.562 ieo.082 292.91$ x0 2&207 26307 I,2.8 g6.345 IB7.04 0th(¥8dl ACC318(red Inoj 214800 214.90B 7.72 2.2&3.624 8$7.724 2.263.628 Grrvp 2025 Qroyp 2U24 Cornpgny 2025 Comp¥ry 2Q24 DèfÈrtÈdint¢mè l.T8&851 3,Q 1.761A52 443,0fy4 DefeThed Inlheyr 14(816 1,578,869 14eA 1,578,869 J91273 1.7&3.852 392273 I.7£3.12 IrM•rpr51&pn1pf0rthC4)rni $¢heI y8aTandfobs pad In &¥vant•Torluii s¢hool All prèpa In th&y•ar37 J202ts JvanceleecrWll reed I1&1(h mÈag&ng wofllet4sh)wn alnote 14. Jwancedfees representsfees pald InwanCe[wU1SCYears Incomwlll berfjlva*d Ilnevllhlhe•Jein9piofil0asshrFna1Th)t 13.
St. Colurnba's School Limited Notes forming part of the financial 5tatement5 for the year ended 31 July 2025 Icontinuedl CtEthtorn". amountsfdlinBthqatt£rmorothan DnFyear GtDUP Company CompBny 2025 2024 202$ 24 B?nk lo4n$igeGuredl Dpo&i 1621.968 14T.8OD 3,792,7 169.150 245.3 1621.968 14T.8OD 3,792,760 245.3B$ 3.9ll&917 4.207.298 4.207.296 Th8 Dankloansaièsbyured wllh a ton0andtIn9¢har90 CvvorlhèwlèSSOL$0IlhempanYndS1ani0S#¢ulY owerlh&bullOingoand Th8 ILMns a Delofawmlsed kaajnIfee$01aFO(2fj24. £1 51. ThebèDk loan 1$ rep4oblein 276mnlhiy1ns1aln1$IChbe 1DFebN8fyl6. The raleoflMeies115 rixed41327%forlhefir$1 Sm In 2016. AIuTther£2 Smwp$ dLJnry 2017 TheiThtew1 ron Ihgtlr¥n¢he¢ 1.$5%4Veet 6uade¢PIfftY Ad¢ Adv4nc• ank BBnk IDBllS 0èpolS 2Q25 0èpolS 2Q24 2025 2U24 2W5 2Q24 In on8 y8¥orltss. oron dma J6.650 2&207 ts.485 174.362 ieo.082 In myethBnoneyekrWwlnreIhan WyeBr3 In manlwJOy8ais buin01m• th* fi y8ais In mealeYears 19,950 ST,QSO 27.715 31.134 186,539 181J36 596.7 2A43.964 63,352 s54.4 84.450 147,SllQ 1£9.150 245.388 3.121.9f1 3.7g2.760
Sl. Columba'8 School Llmltad Notes forming part of the financial 5tatement5 for the year ended 31 July 2025 Icontinuedl Analy$l$ of9Yoyp notassgls ween funds UntètslYiQtèd Rè&th¢t4d Total
) Tl01nx0daWls 9.902.125 gJD2.IZJ 12.849 2.427A18 13.9ll&917) 2.024838 13,9&89471 1680 7.9JO.96a 158D 7.553x43 Untètslyietèd tund Rè&tsfet4d fur Total )24 Tl111X@daWlS Inv95knBnlB IQ.109.521 13.036 lo.1.52 12.Q36 2 512.653 I4.7.28> lbIll83 14,2Q729$1 4253 158D 8.427.S13 Anoly616 ol ¢¢mpany netA$6etsbetweenfunds 2025 g.g02.123 InVesthnI 12.9$3 2.Q27A14 13,98&,91 2.D24.E34 13,988.9471 Z58D Lorytern lbIlIt8 7.95Q.965 1580 7.955.543 UnteBtriCtfUT Tot41 fur )24 lo.1.5[2 lo.1.5 Inwesty*n15 13,040 2.510.089 13,040 2.512.649 2.580 14.207.X¥I 8.425. 2.580 8.427.913
Sl. Columba'8 School Llmltad Notss forml art of tho flt)an¢lal 8tatomont8 for iho ar ended 31 Jul 2025 ¢ontit)uod Expèndhknm & nètlos& tsn Atl August 2024 At31 July2025 Oroup GenErBlfvnds 8.$33W I8,8.330) 7,9W964 .425.3 8.333.969 18.808.339) 7.950.961 E3m5h3wFund 1.250 730 RestriCd Fd-BUrSane& AnalFd. Oesignad 189.owi 2,51W) Cothpy GBnBr3lfunds 18.8D£.3301 7,9W963 8,333,960 7.950.965 R6str¢f6dl FirlaYPnz8 Fd Eam$hthvFvnO $00 1,250 David Lthum Fu RestyiGted Fd. &Jrsarfe 80( ieo,owi AnalFd-D9&1ld 2.580 2.$10 e$lednts¥rea¥?llab1eUeelwlQlfrTrues lnthefurtrranof1begeneraIOl¥?Ct&q0ftheth&Dty. RestyiGtedfund5comwl5eofPt Fur. Fynd?ndDavidLIlWmFundra15tobpm¥ap ¥vallleforburganes?ndpdzes. Dnth8 8. £3.12{24 .1)Dfr3n5WEm8ifvllrn B donthn FthemNin ch8lTSt. 8nd5.l224 0.0)frOM8 W.A c[l11F Dulity adoThali0nolt4.l2O24. t4.45o1wasr1Yd IiomlhScrfk%h Rugby Union Iorlh&purptssold8v*knKxngy lugtyin
Sl. Columba'8 School Llmltad Notss formlng part of tho flt)an¢lal 8tatemont8 for ihe year 8nd8d 31 July 2025 l¢ontit)uodl From 1st Swtombei 2024. th Sl ColufjJa'$ Gp Pension ISCGPSI Intrtdu¢ lfjr rthv and existin9 slaff. SCGPS is a qualifyino. ¢MlbuOn $chrM. 1mlered and certirto by Rwffjl Lonth)n. On me dalets g)olentei&J phbsed tsrawl from the S$bTe8ceffS' Penslon $rthe ISTPSI closiry STPS to DEW ioiner5. Thp jity0f$WpQrtstsff ty4DSfeedfUturetru11o$frc NESTlOSCGPS 1$lSeptember 2tr24 Wef¥ContEI9NE8rOEln FebwTr 202$. Trtotal pens1on(SthE 5¢hIre. 202 2024 Conlnbulitniosrps 511221 737.3 ConlnbuliwtyStColumh'sGroup PenswlRryOLothl Priva 6.$96 4l.l ConlnbuliwtyNEST 7.19B Tp8nts 842.6¥5 7B5.WQ 0tthT¢hby5. Pènsion 8th•m• I¥TPSI STPS 15 0 mu11imployerpensifyn $¢hpmo?nd Ihe Srofll¥h Pubk Pensions Agency hs$ ind(¢tha1 ¥ttho rnent 1115 W able to ntifylh¢ npl stsreotundpdwry e(S and113b1rt5 lry E¥h env10yer &.¢&181etÈnd re&8b bBg19.' ThErefore. In aGwrd3nGE 1h FRS 102. conlnbuliunsto the schemB 31e aGGpwtedforas rf rtwereE D)nInl9(8rne From ItAp224. Incr£wd lo 2¢%1from23%1 AtIAwi 2024 ¢i$hlt•m5 2025 Ca$hal bkandmhand D8pD5rf5 .302 2.193.829 2.5.819 2.193.tE9 11.5Q4.$271 3ee.g B8nkIn&wlhIn0neyear BarIc$¢&JafteroneYear 14280 ShTrn InBInts 2.4g2.¢70 .8411 2.1.829 411.345 11.646.854) Non<£5h mwOmEntyro131eloTrg A8at31 July202S.theteNErel(ornMn1Sor£1.095fQr3trBl15thE new Jwi¢YSGW M8tOnd1he R11Rm¢ym{2024 Q2%11. hlenknra'LiBtxlky st &AumbasSchwl Limil£di51I1dbVgU3? InthB£venloFitbDlng)u up. IhgmenknBrsnwbB 5urn not8M¥Bding£1 &ch. SLcdr SchDDI IDll¥knrArnntslLwrthd aThd SLColunth'5 s(rtruCtTh)MiIBdaI1I byhÈt cÈPrt41.
St. Columba'8 S¢hool LSmltèd Notss forming part olthB flnan¢lal statements for the year onded 31 July 2025 l¢ontlnuedl RgIW¢¥ Pgtydig¢losyTg¥ rlad PartYtran$a¢h01thbal03I July2D25I24. NII- K•y Ma4ttMp•n$lIon Key nTrn•jel per$Mne1clUde$ 212024. 21rnenefsoflhenjn1te&MWhoI(e1hei hawe Ihere$FOnslbiiiiykMplannlJ. dIrmI theIEor Thp to1 Mn¥)paIdh)kty perself0r3¢r$ wovide0lothetywa$£2F9,6l6l2o28."£%? 2451. Op•rotlw L•iMs Th0compYhdcrnmlknnts IB&53 BBiithbBIw. 2025 2424 47.71 121.4 44.4g7 215.346