Charity registration number 1142562
Company registration number 06861495 (England and Wales)
THE PURBROOK PARK LEARNING TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
THE PURBROOK PARK LEARNING TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Tony Chafer
Paul Foxley
Steve Jones
Julia Pearson
Lord Richard Gridley
(Appointed 9 July 2025)
Lucy Ford
(Appointed 9 July 2025)
Senior management
Lord Richard Gridley
Chair
Tony Chafer
Vice Chair
Charity number
1142562
Company number
06861495
Registered office
Purbrook Park School
Park Avenue
Hampshire
Waterlooville
PO7 5DS
Independent examiner
Carpenter Box
Suite 002 Central
Ground Floor, Building 1000
Lakeside North Harbour
Portsmouth
Hampshire
PO6 3EN
THE PURBROOK PARK LEARNING TRUST
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 12
THE PURBROOK PARK LEARNING TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2026.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The object of the charity is to advance the education of the pupils at Purbrook Park School, it being acknowledged that in carrying out the objects the charity must (where applicable) have regard to its obligation to promote community cohesion under the Education Acts.

Purbrook Park School is a trust school, a state-funded foundation school, supported by a charity, The Purbrook Park Learning Trust, made up of external partners working together for the benefit of the school. The charity owns the land and buildings, appoints foundation governors to the governing body and uses the experience, energy, networks and expertise of its members to raise standards in the school. The members who appoint representatives as trustees include Hampshire County Council, The University of Portsmouth, Havant College and South Downs College.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance
Significant activities and achievements against objectives

The main activity of the charity continued to be the provision of funds, from the previous sale of land, to the school to facilitate the building of new facilities, to safeguard the land and buildings of the school and to support the Governing Body. To date over £5 million has been donated to the school.

The charity continues to seek ways of extending its help to other schools in the community.

Financial review

There were net incoming funds of £12,577 for the year (2025: outgoing funds £25,011) and total funds of £19,031,490 at 31 March 2026 (2025: £19,018,913).

During the year there was no grant funding.

The land and buildings were valued by the trustees at £19,000,000 at the date they were transferred into the charity. A designation of £19,000,000 has been made equivalent to the value of the school buildings which recognises that these funds are not available to meet operating expenditure.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s operating expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Major risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

THE PURBROOK PARK LEARNING TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
Plans for future periods

After the successful completion of the building works, the charity focus will be collaboration with the Governing Body to plan the strategic future of the school in line with the objectives contained in the Articles of Association.

Structure, governance and management

The charity is a company limited by guarantee incorporated on 27 March 2009 and registered as a charity on 24 June 2011. Further legal and administrative information is included at the front of these financial statements.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Tony Chafer
Mike Gaston
(Resigned 26 November 2025)
Paul Foxley
Steve Jones
Julia Pearson
Lord Richard Gridley
(Appointed 9 July 2025)
Lucy Ford
(Appointed 9 July 2025)
Recruitment and appointment of trustees

Mike Gaston is the CEO and principal of Havant and Southdowns College who retired in January 2026.

Organisational structure

The charity works alongside the school governing body ie the governors of the school. The governing body is not accountable to the charity and neither is the charity accountable to the governing body. There is an interface between the two bodies whereby foundation governors appointed by the charity and officers of the school participate at trustees meetings. The charity board submits reports to the governing body which is then able to have an overview of the charity's work and achievements. The governing body is responsible for all major decisions about the school and its future.

The trustees' r eport was approved by the Board of Trustees.

Lord Richard Gridley
Trustee
8 July 2026
THE PURBROOK PARK LEARNING TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PURBROOK PARK LEARNING TRUST
- 3 -

I report to the trustees on my examination of the financial statements of The Purbrook Park Learning Trust (the charity) for the year ended 31 March 2026.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

MAURICE FROST FCA
Carpenter Box
Suite 002 Central
Ground Floor, Building 1000
Lakeside North Harbour
Portsmouth
Hampshire
PO6 3EN
Dated: 8 July 2026
THE PURBROOK PARK LEARNING TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
Unrestricted
Unrestricted
Total
Unrestricted
Unrestricted
Total
funds
funds
funds
funds
general
designated
general
designated
2026
2026
2026
2025
2025
2025
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
2
-
-
-
700
-
700
Investments
3
95
-
95
211
-
211
Other income
4
14,674
-
14,674
10,662
-
10,662
Total income
14,769
-
14,769
11,573
-
11,573
Charitable activities
5
2,192
-
2,192
36,584
-
36,584
Net income/(expenditure) and movement in funds
12,577
-
12,577
(25,011)
-
(25,011)
Reconciliation of funds:
Fund balances at 1 April 2025
18,913
19,000,000
19,018,913
43,924
19,000,000
19,043,924
Fund balances at 31 March 2026
31,490
19,000,000
19,031,490
18,913
19,000,000
19,018,913

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE PURBROOK PARK LEARNING TRUST
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 5 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
11
19,000,000
19,000,000
Current assets
Debtors
12
2,008
930
Cash at bank and in hand
44,926
31,613
46,934
32,543
Creditors: amounts falling due within one year
13
15,444
13,630
Net current assets
31,490
18,913
Total assets less current liabilities
19,031,490
19,018,913
The funds of the charity
Unrestricted funds - general
31,490
18,913
Unrestricted funds - designated
14
19,000,000
19,000,000
19,031,490
19,018,913

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2026.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 8 July 2026
Lord Richard Gridley
Trustee
Company registration number 06861495 (England and Wales)
THE PURBROOK PARK LEARNING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
1
Accounting policies
Charity information

The Purbrook Park Learning Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Purbrook Park School, Park Avenue, Hampshire, Waterlooville, PO7 5DS.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

THE PURBROOK PARK LEARNING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 7 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost for this purpose being the 2009/10 insurance valuation at the date of transfer into the charity. No value has been attributed to the associated freehold land.

Land and buildings
Not provided
No depreciation is provided in respect of freehold or leasehold land. The school buildings are not depreciated. Their value and condition is reviewed annually by the trustees, who are satisfied that their residual value is not materially less than their book value.
1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2026
2025
£
£
Donations and gifts
-
700
THE PURBROOK PARK LEARNING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
3
Income from investments
Unrestricted
Unrestricted
funds
funds
2026
2025
£
£
Interest receivable
95
211
4
Other income
Unrestricted
Unrestricted
funds
funds
2026
2025
£
£
Other income
14,674
10,662
5
Expenditure on charitable activities
Sundry expenses
Grants
Sundry expenses
Total
2026
2025
2025
2025
£
£
£
£
Direct costs
Grant funding of activities (see note 6)
-
35,217
-
35,217
Share of support and governance costs (see note 7)
Support
412
-
141
141
Governance
1,780
-
1,226
1,226
2,192
35,217
1,367
36,584
Analysis by fund
Unrestricted funds - general
2,192
35,217
1,367
36,584
6
Grants payable
2026
2025
£
£
Grants to institutions:
Purbrook Park School
-
35,017
Grants to individuals
-
200
-
35,217
THE PURBROOK PARK LEARNING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -
7
Support costs
Support costs
Governance costs
2026
Support costs
Governance costs
2025
£
£
£
£
£
£

Sundry expenses

34
-
34
34
-
34

Bank charges

328
-
328
107
-
107

Bad debt write off

50
-
50
-
-
-
Independent examiner fees
-
1,780
1,780
-
1,226
1,226
412
1,780
2,192
141
1,226
1,367
Analysed between
Charitable activities
412
1,780
2,192
141
1,226
1,367

Governance costs include payments to the independent examiner of £890 (2025: £613) for independent examiner fees and £890 (2025: £613) for accountancy and other services.

8
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9
Employees

The average monthly number of employees during the year was:

2026
2025
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
10
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

THE PURBROOK PARK LEARNING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 10 -
11
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2025
19,000,000
At 31 March 2026
19,000,000
Carrying amount
At 31 March 2026
19,000,000
At 31 March 2025
19,000,000
12
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
1,194
40
Prepayments and accrued income
814
890
2,008
930

13
Creditors: amounts falling due within one year
2026
2025
£
£
Other creditors
13,764
12,324
Accruals and deferred income
1,680
1,306
15,444
13,630
THE PURBROOK PARK LEARNING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 11 -
14
Unrestricted funds - designated

These are unrestricted funds which are material to the charity's activities.

At 1 April 2025
At 31 March 2026
£
£
Land and Buildings
19,000,000
19,000,000
Previous year:
At 1 April 2024
At 31 March 2025
£
£
Land and Buildings
19,000,000
19,000,000
15
Unrestricted funds
At 1 April 2025
Incoming resources
Resources expended
At 31 March 2026
£
£
£
£
General funds
18,913
14,769
(2,192)
31,490
Previous year:
At 1 April 2024
Incoming resources
Resources expended
At 31 March 2025
£
£
£
£
General funds
43,924
11,573
(36,584)
18,913
16
Analysis of net assets between funds
Unrestricted funds
Designated funds
Total
Unrestricted funds
Designated funds
Total
2026
2026
2026
2025
2025
2025
£
£
£
£
£
£
Fund balances at 31 March 2026 are represented by:
Tangible assets
-
19,000,000
19,000,000
-
19,000,000
19,000,000
Current assets/(liabilities)
31,490
-
31,490
18,913
-
18,913
31,490
19,000,000
19,031,490
18,913
19,000,000
19,018,913
THE PURBROOK PARK LEARNING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 12 -
17
Related party transactions

The Purbrook Park Learning Trust is connected to Purbrook Park School, The Purbrook Park Charitable Educational Trust, by virtue of shared governance, objectives, accomodation and administration facilities. The land and buildings of the trust were transferred from the school during the year ended 31 March 2011 and the school has paid expenses on behalf of the trust.

During the year £0 (2025 - £35,017) has been donated to the school for project costs.

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