Charlty Re8iStratlon No. 1028125 Company Registration No. 02823749 IEngland and Wales} SLINDON COLLEGE LIMITED ANNUAL REPORT AND FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 AUGusf 2025 BUSINESS ADVISORS &A¢CWNTANrs One Bell Lane Lewes East sussex BN7 UU SLINDON COLLEGE LIMITED CONTENTS Page Company information Governors, report Statement of governors, responsibilities io Independent auditor's ¥eport 11-13 Statement of financial acb'vities 14 Balance sheel 15-16 Statefflenl of cash flows 17 Notes to the financi31 statement5 18-32 SLINDON COLLEGE UMITED LEGAL AND ADMINisfRATIVE INFORMATION Govemo Mr S J D Lawrance Chairman of Board of Governors Chairman of F&GP Committee, Nominations Committee, Governance Committee Member of F&GP Committee, Nominations Committee, Governance Committee Member of Curriculum & stsffing Committee. Nominations Committee. Govemance Committee Member F&GP Committee, Nominations Committee, Governance Committee Member of Curriculum & Staffing Committee Iresigned 17 November 20251 Member of Curriculum & Staffing Committee lappointed I September 20241 lappointed 18 September 20241 lappointed 11 June 20251 MrDASlee Mrsj AAughwane Mr N Dingemans Mrs R Allison Rev P Dyson Mrs P Bazlinton Mr G Wilson Mr R Walker Ms J Warwick Secretsry MtsN Malby Senior Leadshlp Team Mrs S Vlahodimou Mr5 N Malby Mr5 T Miles MrA Shafpe Mr M Robson Headteacher Bursar/Clerk to the Governors Assislant Head - Curriculum & Staffing A55iStant Head - Pastoral Iresi8ned 31 AL¢gust 20251 SENCO (resigned 31 August 20251 and Deputy Headteacher lappointed I September 20251 SENCO lappointed I September 20251 Ms L Moore Charlty number 1028125 Company number 02823749 fteglstered office Slindon House Top Road Slindon Arundel West Sussex BN18 ORH Audltor TC Group One Bell Lane Lewes East Sussex BN7 IJU SLINDON COLLEGE LIMITED LEGAL ANO ADMINISTRATIVE INFORMATION Bankers Lloyds 33-37 High Streel Bognor Regis P021 IRS SLINOON COLLEGE UMITED GOVERNORS, REPORT (INCLUDING DIRECTOR'S REPORn FOR THE YEAR ENDED 31 AUGUST2025 The governors present their annual report and finoncial statements for the year ended 31 Au8USt 2025. The financial statements have been prepared in accordance with the accoufttin8 policie5 set out in note I to the financial statements and comply with the charitable company's Memorandum and Articles of A550ciation, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice apFdicable to charities preparin8 their account5 in accordance with the Financial Reporting Stsndard applicablein the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The charlty is constituted as a company limited by guarantee and is therefore governed by Memoran(kJm and Articles of A550ciath"on. The governors confirm that the financial statement5 comply with current statutory requirements and the chartty's governing documents. Reference ondAdmini5tration Details of the charity's bankers, auditor, registered details and trustees are glven in the compatry information on the p￿ViouS page. Oblertlves and artivit6es The Company's object per the governing document is to promote the education of male children and young persons. The promotion of education includes social, moral. spiritual, cultural, emotional and physical training. The main activity to achieve this is the condurt and maintenance of a secondary day and boarding Colege for boys. The College aims to seek to provide a 5tTUCtured educational environment that develops the pupils, capabilities, competences and skills. The College promotes the academic, moral and physlcal development of the pupils through the academic curriculum, pastoral care, sporting and other activities. Thè College provides an educational environment where all pupils are taught to believe in themselves. to inspire pupi15 to achieve their potential academically and socially; to ensure that each pupil leaves w¢th the skills to su£ceed in the future,. encourage their desire to contribute to the wider community- and to be certain that no chlld will leave the Collegesaying "nTrone undetstood me" Our ethos Slindon College is a charitable trust whlch seeks to benefit the public through the pursuit of its stated aim5 and objectives. Our fees are set at a level to ensure the ongoing financial viability of the College whilst being consistent with our aims and objettives. The College believes in the whole child and offers a safe, secure ond homely environment where they are able to believe in themselves and inspire themselves to succeed. Our College welcomes pupils from all backgrounds. To admit a prospective pupil we need to be satisfied that the College will be able to educate and develop him to the best of his potential. Entrance interviews and taster days are undertaken to satisfy ourselves and parentslcarers that potential pupils can engage with the learning and benefit from the education we provide. An inlividLtal's economic status, ethnicity, race, religion or disability do not form part of our assessment processes. The College is an equal opportunity organisation and is committed to a working environment that is free frorn any form of discrimination on the grounds of colour, race ethnicity. religion, sex, sexual orientation or disabilily. We will make reasonable adjustments to meet the need5 of staff or puplls who are or become disabled. Our College is committed to safeguarding and promoting ihe welfafe of our pupils and expetts all staff and volunteers to share this commitment. SLINDON COLLEGE LIMITED GOVERNORS, REPORT {INCLUDING DIRECTOR'S REPORTI ICONTINUEDI FOR THE YE4R ENDED 31 AUGUST2025 Long term object7ves The Strategic Plao is reviewed and updated annually and sets oul the College's objectives. These are many and varied, but include.. l. To secvre the fulure of Slindon College by increasing annttal SUFpIu5 to build reserves and re-invest in the College and its facilikn-es. 2. To increase and maintain pupil ntsmbers to maximum limit of 115. 3. To provide excellent education and pastoral care with iesultr'nE academic and personal achievement for all pupils. 4. To recruit, employ, retain and develop motivated. skilled and professional staff. 5. To provide excellent service and value for money for stakeholders and be the first in parental choice for enabling their children to achieve theii full potential. enjoy learning and be future readv. 6. To meet and exceed all regulatory expectations. The main objective contii)ues to be to educate every pupll to at least the same standard achieved v) previous years to ellable them to move on and become valued member5 of society. By achieving these aim5 and objectives we will ronlinue to be an outstanding College supporb'ng br)ys with additional need% in the indeppndent sector. I order to acliieve these aims and objectives we will continue to retain and recruit high qualitv versunnel, maintain a high teacher." pupil raho, ensure the continued professional development of all staff. We will contiiiue to self- evaluate an anllu81 basi5. We will continLJe to plan, tTiontrto¥ and evaluate the College's a￿d pupil's progress. We will tailor our provision to the needs of each iT)dividual pupil. We will conbnue to work with all exteynal agencies to enhance and improve the edLicat?on ol all puptl5. To ensure we can mea5UTe the success of these atms and objective5 basElsne testing 15 underlBken (n all pupils on entry to the College and value added is worked out on departure from the College. Pupil success both academic and non-academic is tracked throughout the year and examinatr'on results are analysed. Achievements and performance Day pupil numbers increased again this academic year with the roll being 7 pupils higher at the e￿1 of the Summer Term in comparison to 2023-24. Boarder numbers remained slightly reduced from the previous year. The College enables pupils to take GCSEIA Levels and other examlnations. The small numbers involved prevent reliable comparison with nab'onal averages, but the latest ISI inspection (November 20221 confirms that teaching enables almost all pupils, from iheir low starting points, to make strong progress 50 that they g34n the skills needed to move into mainstream education when they leave. The College creates qualification paihway5 to suit the needs and abilities ol the pupils and, as such, all ptjpils leave the College with a qualihcation in English, Maths and Science. A range of qualih"cations take place which aye both internally and externally asse55ed. These qualificatsons are as follows-. L7LSÈ. Funcknonal Skills Levels l and 2, Entry Level. (?ateway Level 2. LlI"tC Level 2 and ABC Level 112 (Animal Care and Molor Vehiclel. Level 2 BTEC qualifi.cations are considered to be the equivalent of a GCSE pass. SLINDON COLLEGE LIMITED GOVERNORS, REPORT (INCLUDING DIRE￿OR's REPORT) (CONTINUED) FOR THE YEAR ENDED31 AUGUST2025 Thi5 year was another excellent year of examination results which rellect a tremendous amount of ￿rd work and dedication by the pupils and staff. Within Year 11, SO% Eained four or more GCSE Grade 4 or equiVal￿t BTEC Level 2, with four pupils gaining six or more GCSES. All pupils who entered gained the Level 2 ITQ Users fyade 4 equivalent BTEC; pupils also gained the newly introduced Functional Skills Digital at Entry Level 3. In addition to core SLsbjects. outstanding results We￿ achbeved in GCSE Art & Design, Graphics and Photography with pupils gaining Grade 95. With the introduction of the BTEC Tech Award in Animal Care, four puplls gained a Level 2 pass or Merit and Level l Distinctions. Outstanding results were achieved in LAMDA Drama which included Distinctions In Level 3. Grade 7 Silver Medal and Grade 8 Gold Medal. Pupils also gained their first awards in Music from the Trinity College London, Level I, Grade 3 Rock & Pops Drums and Initial award in Keyboards. The College made the following investments and improvements to the site and facilitie5 durin8 the year: Enhanted the use of technology throughout the College by introducln8 further interactive touch $c￿en boards, laptops, iPads and other technology to support special educational needs. Continued the rollin8 repairs, redecoration and refurbishment programme. Completed further buildin8 work5 required under the terms of our Lease as outlined in the QuinqLbennial review. 8ursaries & 5cholar5hips Thi5 year the value of means-tested bursaries and 5cholar5hips totalled £53,755 and represented 2.2% of our gross fees14.8% 2023-241. Bursaries and scholarships provided assistance to three of our pupils representing 2.7% of the pupil roll. This is shafp decline on previous year5 attributed to the Labour Bovernment's policy to apply VAT to school lees from l January 2025 discouragin8 applications as private school fees become unattainable to disadvanta8ed applicants despite the lup lo185% award value. Awards are granted in actordance with the Bursary & Scholarship Policy and all awards are subject to an annual review. The Bursary & Scholarship Policy is publicised on our website, in our prospertus and highlighted in gener81 advertising. The Finan￿ and Genernl Purposes Committee review the Bursary Policy annually. The Governots continue to consider the bursary provision available and remain committed to ensur1￿ a wide number of pupils gain facilitated acce55 to the education and support available. The College has no bursary fund, other than a small investment portFolio, and therefo￿ costs mtjst be met as part of the charity's oprations. To underline the value we place on continuity for families, we offer discounts where parents have rn0￿ than one pil at the College. to members of the armed forces and a fee remission to stsff. Public Benefit The Governors take their role of Pfoviding public benefit very seriously and consider they have tomplied with their duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. The Governors see Slindon College as part of a wider community and where the College can assist community without detriment to advancing the education of our pupils we are delighted to do so. The College continues to operate a policy of offering the House and grounds at a reduced rdte or gratis for any appropriate local community fundraising actFvity or charitable organisation when possible. The College uses the parish church of St Mary's for reflection assemblies and the puplls undertake voluntary work in the Churth grounds. 5LINDON COLLEGE LIMITED GOVERNORS, REPORT IINCWDING DIRECTOR'5 REPORT} ICONTINUEDI FOR THE YEAR ENDED 31 AUGU5T2025 The College has very c105e ties with Slindon C of E Primary School offering the use of the minibus to 35sl5t with transport to and from various educahonal visits, use of our facilities and ground5 and participating in shared learning experiences. Our A5SlSt3nt Flead runs mental h"tness session5 at Slindon Primary with the year 5 and 6 class. Slindon Primary parents are invited to attend our biennial parent5, conference whicli Èlves upjates on current parental issues. This work supported the College in achieving the car￿egie Centre of Excellence for Mental Health in Schoo15 Silver Award and awarded highly commended by ihe BSA Supporting Excellence Award5. Approximately 82% of ou¥ pupil intake 15 local authorsty lunded ensuring wider acce55 to Ihe additional learning provi5ton and high teacher". pupil ratio offered by the Collegp. Where there is a need in a diffi.cult family situation C0115ideration is given to respite boarding at a reduced rate or grabs to existing day pupils that are local authortty nded. The use of the grounds and swimming pool is offered to the local community in the summer holiday5. Our neighbour the Aldingborne Trust, supporhng people with learning disabilities andlor 3utism, took full advantage with almost daily visits for their carers and client5. Local Girl Guide and Scout groups utilise the grounds and swimffling pool to work towards their ljadges and for camping expeditions. The College is licensed a5 a venue 'S1indon IIou5e' for civil ceremonies and hosts wedding ¢e￿monies. receptions and other celebratDry events during the lioliday5. Other Operating Income is the highest it ha5 been fo¥ several years With a record number of wedding events. The pupils and staff parhcipate in nuryierous mufti days, sponsored wal￿, cake sales, food bai)k doi)atlOlls, iaNle5, stainp Lollech'ons and other fundraising events through-out the. year to he able to make donations, monetary and good%, and iaise awareness for n(Imerous charit7es inc.IiJding The Poppy Appeal. Save The Cliildr@n and lor House nominated loial charitie5'. WAOARS, The Lat and Rabbit Rescue, Foodbank (Worthing and Chichesterl and Canine Partners. The message tliai pupils have d Inoral obligalion to help others less fortunate than theMSe￿e5 15 reinforced within the framework of our House system with pupil nominated charities and our lermly assembly programme. Slindon Old Boys A550ciGtiorJ We are pleased to conbnLJe these links and contact can be rnade through our website www.slindonco1￿ge.Co.Uk, social media pages or by email at schooladmin@slindoncollege.co.uk Volunteers The Parents Association known as Friends of Slindon College IFOSCI have been generou5 in their time and commitment and continue to stage fundraising events on behalf of the College through-out the year. Funds raised were allocated to purchase multt'ple items ol equipment for the beneht ol the pupils. We encourage parents and carer5 and friend5 and rnembers of the con7munity to volunteer their time a)d expertise to enhance the education and well being of our pupils. We otter youn8 people an oppurtunity L volunteer with u5 10 8ain practical experience for their future career5. The College beneftted two days a week from a volunteer lex pupill who gave his time to the farm area by way of Work Aid at Aldingbourne Tiust. a scheme which aims to match adults with learning disabilities or athsm with suitable work placements. Additionally this year a member of staffs motheT lex-leacherl volunteered to read for the younger pupils. SLINDON COLLEGE LIMITED GOVERNORS, REPORT (INCLUDING DIRECTOR'S REPORTI (CO1￿lNuEDl FOR THE YEAR ENDED 31 AUGusf2025 Fundroising The College recognlses the vital Contribution made by its supporters, with voluntary donations beiig a small but valuable part of our incoming resoufces. We believe that giving to charity should be a positive expefience and to help ensure that this is the case we acknowledge the damaging impact an excessively aggressive approach to fundraising can have on vulnerable people, whether from unreasonably persistent approaches being made or undue pressure to give being applied and g￿at care is undertaken to ensure that such practices are not adopted by the College. To this end, all fundraising activity is overseen by our Senior Leadership Team and mainly carried out by FOSC. FOSC iaises money for the College through regular activities such as 8 Bonfire and Fireworks event, tombolas. organising a sponsored walk, cake sales and plant sales. All of these events are voluntary and advertised in a non-intrusive manner. The College previously applied for and was accepted by the Co-op Local Community Fund to be nominated as a cause to raise funds for a sensory room which was spent during this year on the Sensory Snug. The College does not utili5e the services of any external commerclal fundraisers. At this point, glven that the majority of the donations are from current and ex pupi15' parent5 and carers, local OfBanisations arKI people, the Governors do not consider It necessary to subscribe to a Fundraising Regulator. The College welcome5 feedback on its fundralslng approach and seeks to make improvement5 wherever it can. Any complaints ￿ceiVed in respect of our fundraising activities are taken very seriously and are acted upon immediately. We are pleased to report that during the year no complaints were received in respect of our fundraising activity. Flnancial revlew The Statement of Financial Athvit5es shows a net surplus, before gains antl losses on investments, for the year ot £544,937 compared to 3 net surplus of £301,670 in 2023-24. This include5 non-cash expenditure in relation to depreciatfon of £56,722. The Principal source of income Is Stsndard College Fees. The Labour government's policy to apply VAT to School fees from l January 2025 led to the College amending its fee structure and rates. Despite this incr￿se Standard College Fees increased in the year to £2,420.314 compared to £2,242,402 in 2023-24 as pupil recruitment continued an upward trajectory. The other maln source of income is Extra Tuilion, which increased substantially in the year to £1,594,969 compared to £1,075,638 in 2023-24. The College continues the strategy of deploying as much of the fee Income to investing in the educational purposes and fabric of the College to Contin￿ to meet its charitable objechve and its long temi intentr'on to achieve a minimum free reserves held value of one term's operating expenditure. The main expenditure of the College is that of stsff Costs. The academic and support Staff are kw to the ongoing success of the College. Staff Costs accounted for a consistent 75% of expenditure the same level as the last year. SLINDON COLLEGE LIMITED GOVERNORS. REPORT (INCLUDING DIRE￿oR,$ REPORll ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 As a charity the parentslcarer5 of our pupils have the assuTance that all of the income of the Colege must be applied for educational purposes. As an educa*"onal charity we currently e4)jOy tax exemption on our educational achvitie5 and on our *nvestmenl income and @ains provided by these are applied fo¥ our charitable aims. As a chaflty we Bre also entitled to an 80% reduction on our business rates on the property we occupy for our charitable purposes. The ftnancial bertrefi.ts we receive from these tax exemptions are all applied for educational purposes and indirectly help us to maintain our bursary provision. The Labour government's policy to apply VAT to school fees from I january 2025 has meant we are now able to reclaim VAT input tax on our costs. We also pay tax as an employef through the National Insuranr.e contributions we make. In addition to the very Substantial beneh.ts our College brinEs to our pupils. the local community and society through the education we offer. our means-tested bursary prograrnme creates a social asset without cost to the Exchequer. The College has an ongoing financial commitment under the terms of our lease from The Nat¥onal Trust for maintenance and repairs to the Grade Il* listed Slindon House as ihey become necessary. Reserves policy The Board ol Governors continually monitors the levels of the College's funds expendable at their di5cretioM, deh'ned for the purpgse ol ihis policy as 'Net Current Assets, in the accounts of the College and wlich are attributable to Unrestricted Fiinds. The ainouiits dnd lerrv15 of the investment of the reserves are based on the Board'% opinion of the Immediate and future needs of the College by identilying the requirernents for continuing operations and setttng aside 5uffi"ciei)t to enable mediiim and lon8-lerm devplopment and expan%ion. The College needs to retain a viable fi.nancial reserve ii) order lo". over liabilities and emergencies cover annual deficits provide income fund development bl dl The College must maintain its present development strategy, which is set out in its ongoing Stiategic Plan. This is funded from reserves. which in turn, are topped up from surpluses generated by anTr(tal budgets, where applicable. Strenuou5 effort5 are made to keep the annual budget in balance. but deficits occur from time to time and must be absorbed by the College's reserve5. Considerin8 Ihe cu¥rent sector changes and £hallenges, it Is a8feed that the minimum free Yeserves held should be the equivalent of one term's operating expenditure as per The Association of Governing Bodies of Inthpendent Schools Euidance and theyefore flee reserves held should be £1,170,000 in order to fulfil the College's commltments. Total fund5 held at the balance sheet date were £2,127,583_ Restricted funds represent￿ £907 of total funds and £979,464 can only be realised by disposing of lixed asset5. Thus, free reserves at Ihe balance sheet date were El.147,212. The Governors consider that holding this level of free reserve5 to be pxudent at this time given the current uncertainty caused by the risks outlined in the Risk ReElStef. The Reserves Policy is reviewed annually. Investment policy Investment5 are placed over a number of independent institutions to minimise exposure to bank failure and to ensure that these institubons ère FSA regulated. Furthermore reseives are kept in a UK registered financial institutTorTr and funds are kepl onshore in the UK. The Investment Policy is reviewed annuallv. SUNDON COLLEGE LIMITED GOVERNORS, REPORT IINCLUDING DIRECTOR'S REPORn ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2025 Principal risks ond uncertt7inties The Governors are ￿spOnSible for overseeing the risks faced by the College. Detailed considerations of risk a delegated to the Senior Leadership Team of the College. Risks are identifietl, assessed and COT7trols established throughout the year. These are reviewed annually. The College uses the servites of WorkNest to pThide expert advice on all Health & Safety and Employment Law issues, safe8uardin8 us from risks in ihese highly important areas. Through the risk management processe5 e5tabli5hed for the College, the Governors are satisfied th& the major rlsks identified have been adequately mitigated where necessary. It is recogntsed that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. The principal risk for the College 15 maintaining pupil numbers. The Governors continue to closely monltor the pupil roll in order to operate at its current level. The main funding of the College is through fee income therefore uncertainties over future College roll are always a factor and the Governors are increasingly mlndful of the fact that the economic climate has affected parents'/carers' ability to choose è private educarion for their children. The Governors believe that the reputation of the College is key to ensuring the future 5Utce55 and that thi5 will allow the College roll to be maintained. In order to provide a high standard of education the quality of the College buildings is important and the Governor5 are aware that there is a risk that additional or Unexpect￿ repair work will be required. The Governors have ensured that full insurante is in place and tont¢nue to undert*e annual repairs and maintenance to mitigate the risk of substantial repairs. The Governor5 regularly review the finances and spend against budget with input and assistance from the Headteacher and Bursar. A considenble emerging rlsk is that of proposed and possible government policies and we continue to consider how to future proof the College against such risk and uncertainty. Plans for future perlods The continued aim of the College is to provide an excellent specialist education for all of its pupi15 and have high expectations for all pupils whilst allowing them to develop their whole 5eLI. equipping them for the future and inspiring them to believe in themselves and therefore succeed. We aSm.' To increase and maintaln the whole College pupil roll at 115 pupils. To continL5e the profs5ional development of staff to enhance the kr*owled8e base and provide continued specialist inte￿entiOnS. To ensure the College operates to the highest possible standards of recruitment with the aim to provide highly skllled and experienced teachin8 Staff. To develop relationships with the local community an(1 other local schoo￿. To coritinue to enhance the use of technology throughout the College. To take every opportunity to raise funds f￿ special projects. To continue to develop the 'Slindon House, brand to grow other forms of income in relation to venue hire opportunities. To continue a rolling redecoTrtion and refurbishment programme. To complete works required under the tern)s of our Lease as Outlined in the Quinquennlal review. Full details of our plans for future period5 are outlined in the Strategic Plan and further detailed in the related 511PPOrting plans. Stru¢ture* 8o¥emance and mana8ement The Company is governed by its Articles of Association which were drawn up on 29th September 1993 and were amended on 15th May 2007. SLINDON COLLEGE LIMITED GOVERNORS, REPORT (INCLUDING DIRECTOR'S REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2025 The governors. who are also the d1￿CtorS for the purpose of company law, and who served durirsg the year and up to the date of signature ol the linancial statement5 were- Mrs R Allison Mrs l Aughwane Ms P B A Bazlinton Mr N P Dingemans Rev P Oyson Mr S J O Lawrance MrDA51ee Mr Gordon Wilson Mr Roderick Walker Ms. Jane Warwick (Resigned 17 November 20251 IAppointed I September 20241 IAppointed 18 September 20241 (Appointed 11 June 20251 Recruitment ttnd oppointmEnt of tru5tee5 The Governors, who are also required under the Articles to serve a5 directows of the Company and are also the cliarity tru51ees, are elected at a full governing board meeting on the basis of nominatioiis mdde by other Governors or from the Headteacher depending on their eligibility. personal competence, special ski115 and vailability. Each year, one Governor is elected to serve as Chairman ol the governing board and at least three Governors are elected to serve as niembers of the Finance anil General Purposes Committee which is led by the Chairman. The tru5tee5 are ro-appoint@d at the Annual General Meeting with any ai)pointments or retirements being confirmed at general meetings The 8ursar, as Clerk to the Governors, is responsible for c(Fordinating the work of the Governors and their Cominittees, preparation ol papers and m3FFagement accounts and the review ol Inatteys arisii)8. The Governing body requires breadth and depih of experience to carry otjt its duties emectively and efficiently. When recTuiting new Governo￿ the important attribute is a passion for the work of the College and an Dde￿tandIng ol educaiion as a holistic and rounded experience of peFsonal 8rowth. New Governors are inducted into the workinÉs Df the College in accord)nce with the Governor Selection, Induction and Conduct Pdicv. All Governors are encouraged to visit the College on a regular basis and. from time to time. observe teaching and other forms of academic work. All Governors are given an area of responsibility and are required to report back on termly basls. All Goveinors give of their time freely and only receive reimbursement of travelling expenses. Organisotionol monagement The Governors meet as a 8oard at least three b.mes a year lo determine the general policy of the College and review its overall management and control. The Finance and General Purposes Committee also meets at least three times a year to apprDve and monitor budgets, recommend fee and %alary increase5 and deal with other h"nancial issues. The Cuiriculum & Staffing Committee and the Health & Safety Committee meets at least three times 3 year and repre5entatrve5 from thc Board of Govcrnors Servo on the Committee along with College Staff representatives. The Governance and Nominations Committees meet as required. A Governor is appointed to the role of Safeguarding Governor, Health and Safety Governor and Boarding Governor and report back on a terlnly basis to the full Board. The day to day running of the College is delegated to the Headteacher, suprxlrted by the Senior Leadership Team. The Headteacher undertakes the key leadership role overseeing educational, pastoral and adm¢nistrative functhons in consultation with the Senior Leadership Team. SUNr￿N COLLEGE LIMrrED GOVERNORS, REPORT IINCWDING DIREcfoR'S REPORT) ICONTINUEDI FOR ThE YEAR FNDED31 AUGU5T2025 The Headteacher over5ee5 the recruktment of all educational stsff. whilst under deleBated authorlty the Bursar oversees the recruitment of adminlstrative and support Staff. The Headteacher and Bursar are invited to attend all Governors, meeting5 3nd provide feedback on the day to day managerne￿t of the College. The Headteacher and Bursar are appolnted by the GoverELors. Through membership of prtsfe55ioyal bodies sud) as IWCre5ted/8W NasenlisBA/AGBis/Anti Bullyin8 Alliance, and networking with peer groups, the College has access to third party support and guidance to asslst it to attain the high 51Èndards of qu31ity and perfom)ance. Rernuner17tion policy The College operates a banded salary range as derdiled in the Pty PollLy for Senior staff. All key management personllel remuneration and performance are reviewed on an annual basis and dependent upon the flnanual success of the Charity, arl inflationary increage may be applied. Audltor In at£ordance with the compiny's arhcles. a re501utton proposing ihat TC Group be reappointed as auditor of the company will be put at a General Meeiing. The governors, report was approved by the Board of Governor5. J D Lawrance D3te'. SLINDON COILEGE IIMITED STATEMENT OF GOVERNORS. RESPONSIBILITIES FOR THE YEAR EAIDED 31 AUGUST2025 The trustees Iwho are also directors of Slindon College for the purposes ol company lawl ale re5pon5ible lor preparing the Tru5tee5' Annual Report and fi'nancial statements in accordance with applicable law, United Kingdom Accounting Standards IUnitÈd Kingdom Generall¥ AtcÈpted Accounting Practicel. Company law reqknires the trustees to prepare h"nancial statements f'or each financial year, which give 3 true and fair view of the sr3te of affairs of the charitab5e company and of the incorning resource5 and application of resources, including the In¢orre and expcnditure, of the charitable company lor that period. In pre¥oring these 'nancial 5tatemerit.S. the tr￿￿te.e$ are required to.. Select suttable 3ccounting pr>licies and l.hen apply them coftsistentfy Ob5orve the meihods piinciples of the Chariknes SORP IFRS 10?) Make judgements and èstimates thar aro reasonable and prudent State whother applicable UK accountinE Standards havo been followed, subject io any maieri31 departures di5c105ed 3nd exp13ined in tho h-nancial statements P￿p1)re the financial statements on the going concern basis unles5 It is inappropriate to pre5umo that th charlty will continue ln operation The Irustees arc responsible for keeping proper accourlting records whir.h d15EIoso, with rea50nablp. ac¢iJrclty at r ny time, the firancial po.%ilion ol Ihtr chdrit3blÈ tompany and enable Iheni to ensiire that the lir*ancial 4tiltements comply with the CoiTiponies Act 2006. They arè also rosponsibll for safLgUal'diiTr8 th& asset5 01 the t.harit£ible company and hence lor taking reasor)able steps lor the pieventson and detecbon ol fraud and other 'In 50 fir 35 the trusteps are awa*È'. thcrc i no relevant auisit inlormarinn ol which the ch3ritable compn investments 15 35,000 35.0(X) Net incomellempenditurel and movement in funds 546,418 11,4811 544,937 336,820 11501 336.670 Retontiliation of fund5: Fund balances at I September 2024 1,580.258 2,388 1,582,646 1.243.438 2,538 1.245,976 Fund balance5 at 31 August 2025 2,126,676 907 2,127,583 1,580.258 2.388 1.582.646 The Statement of financial activities inclvdes all gaTrn5 ènd losses reco8n15ed IR ihe year. All income and expenditure derive from continuing activitie5. 14. SLINDON COLLEGE LIMITED BALANCE SHÉET ASAT31 AUGU5T2025 2025 2024 Notes Flxed assets Tangible assets Investment property 17 304,464 675,000 290,821 675,OC 18 979.464 965.821 Current assets Debtors Cash at bank and In hand 19 1,409,242 1,397,832 352,469 1,751,138 2,807,074 2,103,607 Creditor5: amounts fallinB due within one year 20 1.658.955 1,486,782 Net currÈnt asset5 1.148.119 616,825 Total assets less turrent Ilabllltles 2,127.583 1,582.646 The lunds of the charltable company Restricted income fund5 Uf¥restricted funds 12 907 2,388 1.580,258 2.126,676 2,127,583 1,582,646 15- SLINDON COLLÉGE LIMITED BALANCE SHEEY ICONTINUEDI AS AT31 AUGU5T2025 The company is e*titled to the exemption from the audit requirenient coniditstd In sEe*on 477 of the Cumpznies Art 20Q6. for the. year ended 31 Augijst 202S, although an audit has been Carr￿ed out under section 141 of th Charitse5 Act 2011. The diiector 3cknowledges hss responsibilbrie5 lor complying with the requirements of the CompaniL% Act 2006 with ie5pect to accounting records and rhe preparation of hnancial statements. The member5 have not fequired the cornpany to obtain an audit of its linancial statements under the requirements of the Companies Act 2006, for the year In question in accordance with sertion 476. Theso lillancial aatetnent5 have been prepared In accordaTh£e with thÈ provisions applicable to companie5 subject to the sm311 companies regime. The fi.nancial statement5 wore approved by rhe 8ovornors on 5 J D lawiJnLe Chairman Company ¥egis;rathon niJnib(Jr 0211?3749 IC-nglan(l and W4le.%l 16 SUNDON COLLEGE UMITED STATEMEMf OF CASH FLOWS FOR THE Y&4R ENDED 31 AUGUST2025 2025 2024 Notes Cash tk>ws from operatin8 activities Cash labsorbed bylJEenerated from operations 27 1313,2611 534,806 Investlng a¢tivltie$ Purchase of tangible fixed assets Investment income recetrved 170,3651 30.320 1210,4361 21,578 Net cash used in Investlng artlvltles 140.0451 1188,8581 Net cash used in flnancing artlvitles Net Idecrea5e)/in¢rease in ￿$h and cash equivalents 1353.3061 345,948 Cash and cash equivalents at beginning of year 1,751,138 1,405.190 Cash and cash equivalents at end of year 1,397,832 1,751,138 SLINOON COLLEGE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 A¢¢ountinÉ policies Charity information Slindon College Limited is a private company limited by guaKantee incorporated in England and Wales. The registered ollice is Slindon House, Top Road. Slindon, Afundel. West Su55ex, BN18 ORH. 1.1 A¢¢ounting convention The linancial statements have been prepared in accordance wilh ihe charitable company's Memorandurn and Articles of Association. the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charitr'es SORP "Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. The charitable company is a Public Beneh"t Entity as deftned by FRS 102. The financial statements are prepared in 5terl%ng. which is the functional currency of the charitable company. Monetary amounts in these h"nancial statement5 are rounded to the nearest £. The financial Statements have been prepared under the historical cost convention, modihe.d to illclude the revaluation of investment properbes at lair value. The principal accoLJlltiiig policies adopted are sd oul b*low. 1.2 Going concern At the time ol approvsng the linancial stiltements, the governors have a reasonable expectdtion that the cliaritable company has adequate resources lo continue in operational existence for the foreseeable future. Thus the governors continue to adopt the going concern basis of accountt'iig in preparing the h"nancial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the governors in furtherdnce of their charitable objectives. Restricted funds are subject to specific conditions by donois or grantors as to how they may be used. Thè purposes and 4Jses ol the restricted funds are set out in the notes to the lin3ncial statements. 1.4 Income Income is recognised when the charitable company Is legally entitled to it after any performance conditions have been met, the amounts can be measured feli3bly, and il is probable that income will be received. Fee5 receivable rep¥esent the amoijnts invoiced in respect of the provision of educational and related services for children, and are stated after deduiting scholarships, bursaries and other allowances. Such services are exempt from value added tax. A provision is made for disbu15ements incurred in the last school ierm which are invoiced in the following term. Cash donations are recognised on receipt. Other donations are recognised once the charitable CoMp￿Y has been Tlotihed of the donation, unless perfor¥nance conditions require deferral of the amounl. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. 18 SUNDON COLLEGE UMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR EAIDEO 31 AUGusf2025 Accounilng pollcles {Continuedl Income from grants received is Set aside In accordance with the terms of the issuing organisation. 1.5 Expenditure Expenditure 15 recognised once there is a legal or constructive obligation to transfer economic b￿efit to third party, it is probable that a transfer of economit beneh't5 will be required in settlement, andthe amount of the obligation can be measured reliably. Expenditure is classified by activity. The tost5 of each activity are made up of ihe total of di￿ costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributalye to single activity are allocated dirertty to that activity. Shared cost5 which contribute to more thanone activity arsd support costs which are not attrlbutable lo a single adivity are apportioned between those actNities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depfeciation thar8e5 are allocated on the portion of the asset's use. 1.6 Tan8lble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreclation and any impairment losses. Tangible fixed assels costing £2,000 or more a￿ capitalised and retognised when future economic tenefits are probable and the cost or value of the asset can be measured ￿lIablY. Depreciation is reco8nised so as to write off the cost or valuation of assets less their ￿SIdUal value5 over their useful lives on ihe following bases: Leasehold land and buildinBS Fixtures and fittings IO% straight line 15% reducing balan￿ or 25% straight line The gain or loss arising on the (lisposal of an asset is determined as the difference between the Sale proceeds and the carrying value of the asset, and is recognised in the statement of financial aciivities. 1.7 Investment property Investment property, whlch Is property held to earn rentals and/or for Capital appreciation, is initially recognised at cost, which includes the purthase cost and any directly attributable expenditure. Sub*quentlv It is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. 1.8 Impalrment of fixed assets At each reporting end date, the charitable company reviews the carrying amount5 of its taFEible assets to determine whether there is any indication that those asset5 have suffered an impairment1055. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment105s lif anyl- 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments wr(h origina5 maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 19- SLINDON COLLEGE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2025 Accounting policies Icontinuedl 1.10 Financial instruments The charitable company has elected to apply the provisions of Section 11 'Basic Financial InsiTuments' and Section 12 '0ther Finant431 Instruments Issues, of FRS 102 to all of its financial instruments. Financi31 instruments are recognised in the charitable company's balance sheet when the charrtable company becomes party to the contractual provisions of ihe instrument. Financial assets and liabilitr.es are offset. with the net amounts presented in the fFnancial statement%, when there is a legally enforceable right to set off the recognised amounts arkd there is an inlention t05ettle on a net basTrs or to real*se the asset and settle the liability simultaneously. Busicfinoncial assets Basic h"nancial asset5, which inclijde debtors and cash and bank balances, are initially measured a transaction Price including transaction costs and are subsequently carried at amortised cost using the effecbve interest method uiiless the arrangement constitutes a h"Mancing transaction, where the transaction is measured at the present value of tlie future receipts discounted at a market rate of intefest. Fiiiancial 55ets cla55ih.ed as receivable within one year are not amortised. Busicfinancit71 liobilities Basic h'nancial Iiabilib'es, intluding creditors and bank loans are inilially iecognised at transaction price unless the arraneeinent constitiites a h"nanring tran5actinn, where tlip dèht in£triin)pnt li mea%urpd al the present value of tlie future payment5 discounted at a market rale of inlerest. Firiaricial liabilikne5 cla5511ied as payable within ane year are not amortised. Debt instruments are subsequenily carried at amortised cost. tssing the effective interest rate method. Trade creditors are obligations to pay for goods or servicos that have been acquired in the ordinary course ol operation5 from suppliers. Amounts payable are classified as current liabilities if payment is due within one vear or le55. If r¥ot, they are presented as non-current liabilities. Trade creditors are reco8nised initially at tran5achon price and svbsequently measured at Jmortised cost using the effective interest method. Derecognition offinontiol Ilobllitles Financial liabilities are derecognised when the charitable companrfs contrartual obligations expire or a dischaiged or cancelled. 1.11 Employee benefits Ihe c05t of any unused holiday entrtlement 15 recognised in the period In which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the charitable company 15 demonstrably comwnitted to terminate the employment ol an employee or to provide terminab'on benefits. 1.12 Leases Rentals payable under operating leases, including any lease incentives received. are charged as an expense on 3 straight line basis over the term of the relevant lease. 20- SUNDON COLLEGE UMITED NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2025 Accounting policies (Continued) 1.13 Penslon The School contributes to a defined contribution Eroup personal pension scheme for staff. Contributions to all Schemes are charged as they become payable in accordance with the rule5 of t schemes. Crftical acwunting e$tlmates and Judgements In the application of the charitable tompany's accounting policies. the governors a￿ required to make judgements, estimates and assumptions about the carryin8 amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumpkn'ons a￿ based on historical experience and other factors that are considered to be relevant. Actual results may differ from the estimates. The estimates and underlying assumptions a￿ revlewed on an ongoing basis. Revisions to accountin estimates are recognised in the period in which the estimate is revised where the revision affects C￿lY that per4od, or in the period of the revision and future periods where the revislon affects both current ènd future periods. Key sources of estlmation uncertainty Valuation The key area of estimation relates to the carrying value of the college's investment property. Income from donaiions and le8a¢les Unrestrirted Restri¢ted fvnds funds 2025 2025 Totsl Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 3,780 55,013 5(K) 4,280 55,013 4,842 11,565 1,000 5,842 11,565 58,793 5¢)) 59,293 16,407 1,000 17,407 21 SLINDON COLLEGE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUSTZ025 Income frorn Charitable activities un￿StriCted fund5 2025 Unrestricted funds 2024 Cc>llege fees 8ursaries 2,420.314 153,7551 110,3501 767 18.430 1,594.969 2,242,402 1108.4981 113,5931 1,200 38,347 1,075.638 Discounts Reg5Stration fees Disbursements Extra tuition 3.970,375 3,235,496 Income from other trading activities Unrestricted Restricted Total Unrestricted Restricted funds funds 2024 2024 Total funds nds 2025 2025 2025 2024 Fundraising events Other income 1,650 1.650 71.857 1.709 50,211 1.505 3.214 50,211 71,857 Other trading activities 71,857 1,650 73,507 51,920 1.505 53,425 Income from investments Unrestricted Unrestrirted funds funds 2025 2024 Inleresl receivable 30.320 21,578 22- SUNDON COLLEGE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) F(Th THE YEAR ENDED31 AUGusf2025 EXpendItu￿ on ralsln8 funds Unrestrirted Unrestricted funds funds 2025 2024 Fundralsing and publlcity AdverhsinB 23,222 25,564 ExpenditUTe on tharitable artl¥itres Charltable activities Charltsble art?vities 2025 2024 Direct costs Staff costs General costs Printing, postage and stationery Licenses 1,980,254 31,988 19,680 2,717 1,734,518 30,121 31,195 2,773 r li Staff troining Compuler costs Exam fees Awards Legal fees Activitie5 Bad debts Other 12.342 9.247 9,722 725 16,942 10,174 9,287 11.174 8,758 13,644 982 2,481 13,361 455 1,000 2.103,078 1,850,462 Share of support and governance costs {see note 9} Support 1,462,117 1,149.994 3,565,195 3,0(M),456 Analysis by fund Unrestricted funds Restricted funds 3,561,564 3,631 2,997,801 2,655 3,565,195 3,000,456 -23- SLINOON COLLEGE UMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGusf2025 Support costs allocated to activities 2025 2024 Depreciation Rent Rate5 Li8ht and heat Insurance Maintenance and Improvements Maintenance slaff salaries Matron and housekeeping salaries Catering salaTies Catering costs general Household and medical costs Administrabon and Inanagement salaries Telephone, postage and 5tationerv TravETrI and Subsistence Min￿buS lease Computer maintenance and training Disbursement expenditure Puyil PreiTiiurri expenditure Audit and accountancy Subscriptions, donations and sundries Management Fees 56,722 41,825 26,517 77,909 53,014 340,267 118,021 174,298 122.704 67.￿2 15,345 220,125 13,308 3,999 13,8G8 26,697 11,636 30,402 14,448 31.976 1.989 54,164 45,730 20,719 77,923 42,775 168,625 107.376 148.742 119,177 66.055 18.178 183,228 11,199 3.870 10.394 21.781 15.768 10,380 23,910 1,462,117 1,149,994 Analysed between.. Charitable attivities 1,462,117 1,149,994 10 Net movernent in funds 2025 2024 The net movement in funds is stated after charging/lcreditin81.. Fees payable for the audit of the charity's financial statements Depreciakn"on ol owned tangible fi.xed assets 10,890 56,722 10.380 54.164 24- SLINDON COLLEGE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR TrIE YEAR ENDED 31 AU6usf2025 11 Auditorfs remuner4tlon Fees payable to the charity's auilitor and associates: 2025 2024 For audit services Audit of the fi'nancial statements of the charity 10,890 10,380 12 Governors None of the governors lor any persons connected with them) received any remuneration or benefi'ts from the charitable company during the year. During the year expenses totslling £nil were reimbursed or paid directly to Governors12024- Énill. 13 Employees The average monthly number of employees durin8 the year was: 2025 Number 2024 Number Academic Administration Matron and Household Catering Maintenance 50 48 Total 76 73 Employment costs 2025 2024 Wages and salaries Social secursty costs Other pension costs 2,183,507 209,692 215,750 1,938,338 157,497 193,150 2.608,949 2,288,985 There We￿ no termination payments included within wages and salaries costs in the year12024.' £nill. SLINDON COLLEGE LIMITED NOTES TOTHE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2025 13 Employees (Continued) The number of employees whose annual remuneration was more than £60,(X)O is as follows- 2025 Number 2024 Number £60,001-£70,000 £70,001-£80,000 £80,(X)1-£90,0(X) Remuneration of key management personnel 'rhe remuneration of key managemenl personnel was as follows.. 2025 2024 Aggregate compensatr'on 394,060 358,417 The college consider5 thdl tlie key managerrieiit yersonnel Ionsi_st of tlie.%eiiior leadersliip tea171 who include the Headteacher, Bursar, Assislant Head5 and the SENCO. 14 Other expenditure Unrestricted Unrestricted funds funds 2025 2024 Bank charges 141 216 141 216 Gain5 and losses on investments Unfestritted Unrestricted funds funds 2025 2024 Gains/l1055e51 arising on= Revaluation of investment properties 35,000 26- SLINDON COLLEGE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEO) FOR THE YEAR ENDED 31 AUGUST2025 16 Taxation The charity is exempt from taxation on its activities because all its income is applied for charttsble purposes. 17 Tan8ible fved assets Leasehold Fixtures and land and fittlngs buildin8S Total Cost At I September 2024 Additions 199,034 28,880 273,937 41,485 472,971 70,365 At 31 Aug*J5t 2025 227,914 315,422 543,336 Depreciation and impairnient At I September 2024 Depreciation charged in the year 42,167 20,822 139,983 35,900 182,150 56,722 At 31 August 2025 62,989 175,883 238,872 Carrylng amount At 31 August 2025 164.925 139,539 304,464 At 31 August 2024 156,867 133,954 290,821 Investment propertv 2025 Fair value At I September 2024 and 31 August 2025 675,000 The Governors reviewed the carryinB value of the property as at 31 August 2025 and deem £675,000 to be a fair valuation based on current market conditions. The historical cost of the property was £132,750. ?7_ SLINDON COLLEGE LIMITED NOTE5 TO THE FINANCIAL STATEMENT5 ICONTINUEOI FOR THE YEAR ENDED 31 AUGUST2025 19 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Prepayments and accrued income 1,381,049 28,193 325,051 27,418 1,409,242 352,469 20 Creditors= amounts falling due within one year 2025 2024 Notes Other taxation and social 5ecuiity Deferred income Trade credilors Other creditors Accruals 264,039 1,223,133 92.676 59,355 19,752 50,998 1,287,519 65,310 61,150 21,805 21 1,658.955 1,486,782 21 Deferred income 2025 2024 Fees in advance 1,223,133 1,287,519 Deferred income is included in the linancial statements as follows.. 202S 2024 Deferred income is included within.. Current liabilities 1,223,133 1,287,519 Movements in the year.. Deferred income at I September 2024 Released Irom previou5 periods Resources deferred in the year 1,287,519 11,287.5191 1,223,133 982,61X) 1982,6001 1.287,519 Delerred income at 31 August 2025 1,223.133 1,287,519 -28- SLINDON COLLEGE UMITED NOTES TO THE FINANCIAL sfATEMENTS ICONTINUEDI FOR ThIE YEAR ENDED 31 AUGUST2025 21 Deferred income (Continued) Deferred income comprises of fees raised in advance for the following Autumn term and fees raised in advance for the whole followlng academic year. 22 Restrirted funds The restrirted funds of the charlty comprise the unexpended balan￿5 of donations and grants held on trust subject to specific conditions by donor5 a5 to how they may be used. Atl September 2024 Incomlng resources Resources At 31 August expended 2025 Parent Teachers Association Fund To Dare Trophy Award Believe. Inspire, Succeed Award Sensory Room Fund 1,650 11,6501 IICK)) li￿) 11,7811 807 300 707 2C 1,281 500 2,388 2,150 13.6311 907 Prevlous year: Atl September 2023 Incomlng re50uTces Resources At 31 August expended 2024 Parent Teacher5 Association Fund To Dare Trophy Award Electric Car Fund Believe, Inspire, Succeed Award Sensory Room Fund 1,505 11,5051 1501 11,LK)01 11001 857 807 1,0 400 1,281 3C 1.281 2,538 2,505 2,655 2,388 2FI- SLINDON COLLEGE LIMITEO NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR EAIDED 31 AUGUST2025 22 Regtricted funds Icontinuedl The Parent Teachers Association Fund is a restricted fund held for the benefit of the Parents and Teachers Association. The To Dare Trophy Award is restricted fund held to enable an award to be presented each term to a current pupil in memory of 3 former pupil. The Electric Car Fund is a re51ricted furld held to be Spent specilically on the Greenpower car projecl. During the prior year an electric car was purchased and capitalised within fixed assets. The College feceived a voltEntèry restricted donation from Governor, D Slee, to allow a lTrnancial rewaTd for the recipient ol the Believe, Insp*re, Succeed Award for ftve years. The College applied for and was accepted by the Co-op Local Community Fund to be norninated as a cause to raise funds for a Sensory Room. During the year equipment wa5 purchased for the Sensory Snug. 23 Unrestricted funds The Ltnrestricted funds ol the charity comprise the unexpended balances of donabons and grants whicli are not Suibiect to spe.cific conditions by doriors dnd graritors as to how tliey Inay be used, These inilLJde designatpd funds which have bpen yel aside out of unrestricted funds by the truslees lor specifir. purposes. Atl September 2024 Incoming resources Re.sources expended GaÉns and At 31 August 1055e5 2025 Revaluation reserve General funds 551,250 1,029,008 551,250 1,575,426 4,131.345 13,584,927) 1,580.258 4,131,345 13,584.9271 2,126,676 Previous year: Incoming resources Resources expended Gains and At 31 August losses 2024 September 2023 Revaluation reserve General funds 516,250 727,188 35,0(YJ 551,250 1,029,008 3,325,401 13,023.5811 1,243,438 3,325,401 3,023,581 35,000 1,580,258 SUNDON COLLEGE UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDE031 AUGUST2025 24 Analysls of nel assets between funds Unrestrlcted funds 2025 RestrSrted fund5 2025 Total 2025 At 31 Au8USt 2025: Tangible assets Investment properties C￿r￿n1 assetsllliabilitiesl 304,464 675,0 1,147,212 304,464 675,000 1,148,119 907 2,126,676 907 2,127,583 Unrestrirted funds 2024 Restricted funds 2024 Total 2024 At 31 August 2024: T3n8ible asset5 Investment properties Current assetsllliabilitiesl 290,821 675,OC 614,437 290,821 675.0 616,825 2,388 1,580,258 2,388 1,582,646 25 Operattng lease commltments Lessee At the reporting end date the charitable company had outstsnding commitments for future minimum l•se payments under non-cancellable operdting leases, which fall due as follows.. 2025 2024 Within one year Between two and five year5 In over live years 77,776 151,754 66,156 182,991 970 229,530 250,117 31 SLINDON COLLEGE LIMITED NOTES TO THE FINANCIAL STATEMENT5 ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2025 26 Related party transactions Transactions with related parties D Roberts (Partner of N Malby- Bursar) During the year D Roberts undertook maintenance and fepair work at the college as a sell employec contractor totalling £13,51612024- £11.8501, The amount due to D Roberts at the year end wa5 £nil12024 £9001. 27 Cash generated from operations 2025 2024 Surplus for the year 544,937 336,670 Adjustments for.. Investmenl income recognised in statement of financial activities Fair value gains and losses on investment properties Oepreciation and impairfnent ol t3ngible fixed a£sel5 130,3201 121,5781 135,0001 54,164 56,722 Movenients In working capital". Ilncre35el in debtors Increase in creditors IDecreaspl/increase in deferred income 11,056,773) 236,559 164,31161 1126,8131 ?.2,444 3U4,919 Cash labsorbed byl/generated from operations 1313,2611 534,806 28 Analysis of than8es in net funds The charitable company had no material debt during the year. 32-