IIEGIS1ERED COMPANY NUMbER: 03039522 IEnglind and W•ltsl REGISTERED CHARITY NUMBER: 1047557 rno Inanclal St ark SMH Group Audlt Statutory Audlior$ 5 Westbrook Court 5harrow Vale Road Sheffield South Yorkshire Sll 8YZ
Landmarks S cial-5t Coll Content5 01 the Flnanclal Statemen for ar Énded ust2 A¢f¢rent• •nd Admlnlstrntl¥q Dal R•port ofth• Governors 2 to 13 Report of the Independ•nt Audltors 14to 17 Consolld•i•d St•t•rnent ol Fin•n¢l•l A¢tSvltlqs 18 Conialdat•d 5t•tement ol Flnan¢l•l Poslllon 19 thi1ble fomp•ny Stat•ment of Flnsncknl Posltlon 20 Consolld•t•d Ststem•nt of Flows 21 Notsl to th* Consolldat•d Stst•ment ol Cwsh FIo¥A 22 Note5 to th• Flninclil 5t•tefflerrts 23 to 35
marks S eclallst Colle eftrence and for Year En dmlnlstrativ Detalls IA ust GOVERNORS P F Batt55te AEScott C C PSckup M J H51ton 5 F fÈather5tone Ireslgned 1311120261 COMPANY SECRETARY L T Brocklesby REGISTERED OFFICE UttlÉmoor House Littlemoor Ecklngton Sheffleld S214EF REGISTERED COMPANY IIUMBER 03039522 IEngland and Wale51 REG15fEAÉD CHARITY NUMBER 1047557 AUDMAS SMH Group Audlt Statutory Audltors 5 Westbrook Court Sharrow Vale Road Sheffleld South Yorkshlre 5118YZ SOLIC0 Knlghts 14 Commerclal St Sheff leld SL 2AT BANKERS Barclays 121 Norfolk Row Sheffield 512JW Page I
landmarks S euali5t Re for th ortolth r Ended ¥einors t202 The Govemors, who are a150 both Dlrectors of the Charitsble Company and Governors of the College. present thtlr report and the audited fSnancial statements of the charity lor the year ended 31 August 2025, The Governors have adopted the provlslons of the Statement of Recofflrnended Prècllte ISORPI "Accountlng and Reportlng by Charitles. (FR5 1021 In preparlng the annu31 report and flnancial statements of the charrtv. Slnce the company qualilies as small under sectlon 383. the 5trate8lc report requlred of medlurn and large companles uThderThe Companies Act 2006 IStrateRlc Report and Dlrector's Report) Regulatlons 201315 not rEquired. L•ndmorks Spe¢l¥llst Colle Landmarks Is a thrlvin& Independent Specl•llst College for PEople wlth learning dlfflculties and d15abllltles. 8ased In Eckln8ton operatln8 across sltes throuihour the East Midlands and South Yorkshlre. Landmark5 contlnues to ¥row and 80 from strength to 5tren8th In supportlng youn8 adults to Improve levels of Independence, progress Into a hl8her level leameror Into employment, wlth settor leadlng outcomes for Employablllty. For rnore Inform¥tlonJ please vlslt: www.landmarks.ac.uk Whydo i•ndm•rks Mak• o Dlffer•ncqP landmarks has a proud reputatlon for de518nlnu Indlviduallsed educatlon and support prolrèmmes for young people wlth additlonal needs, supportlng them to achleve thelr Life goals be that.. employment, hl8her educatlon andlor day servltes. We alrn tD ensure that our learners, Ilve$ are irnpacted posltlvely as a result of learnSn8 at Landmarks. OUR VISION o be recoxnlsed natlonally for transforrnlng the Ilve5 01 our learners.. OUR MIMION o dellver hlgh-quallty educatlon and support that maxlmlses Ilfe opportunltles for our learners". OUR VALUES •o•oo QUALITY RESIIIENCE RESPECT ACHIEVEMEIIT WORKING TOGETHER Page Z
marks S e¢lallst Colle ort of the Go¥efnors forthe Year ELded 31 Au ust 025 A Memase from Dur Pylnclpal and CEO Ai Landmarks SpEclalist Colleie, our cummltment to tran5formirg the lives of our learners coThtlnues io shape our strateglc dlrection. and th55 ar has been one of strone progress and sustalned 8rovnh acros5 our provlsloTh In Nottln8harnshlre, Derbyshlre. and Souih Yorkshire. Qur Ilnanclal position strengthened further. enabllng contlnued Investment In the learner experiente. Income and group performance increased year on year, reflectln6 growlng demand, strong partnerships. and careful stewardship of resource5. We have also made str3teglc Investment5 In our estate In Rotherharn 3nd Nottlngham. These developments Increase local acces5 for learner5 and 5tren&then capatity In the cornmunlties we Serve. Le¥rner outcomes remaln a deflnlng stren#h. Thls year, 96% of ¢ompleter5 proires$ed ¢0 a posltlve destlnatlon all8nd to their asplTatlons. vAth employment contlThuln8 to be a key pathway. Our speclallst employment servSces, supported by employer partner5hlp& across the ie8lon. contlnue to secure meanlngfvl, sustalned outcomes for learners. l arn e4ually proud ot our contlnued Inve5trnent In staff development. Staff en8è8ement wlth CPD remalns Strong, and 96% 01 staff report they have the tralnlng needed to perfofm their role effectlvely. helplng to ensure hl8h-quallty 51JPPOrt and con51stèntly strong learner outcomes. As we move forward, ourvlsbon remains clear, to be natlonally recoBnlsed fortranslofmln8the Ilves of our learners. Thank vou to cur learners, famllles, stafl, 8overnor5. and partners for thelr on8oln6 SUPPOrt. L•rry Brocklesbv Prfnelpal & CEO Strategic Plan 2030 VISION-. TO 8E RECOGNISEO NATIONALLY FOR TRANSFORMING THELIVESOFOUfi LEARNERS MISSION.. Strategic Pillars Qyauty & urylculum Our Peopl• 1Tr4blllty R•putatlon Loadgrship Stratsgic Ambitions Ihvwwdvlllth 4nd9LVrnVrnth•l rE¥theEol• profil•. Page 3
Landmar eclallst Colle Re ort of the Go¥Èmors for thE Year Ended 31 A st 2025 FInala15 at a l#n¢e Totsl Incorne 2024-25 Total Income 102>24 Total Empendtture 202+25 Toial EMpendltur• 2023.24 Landmarks Speclallst Callego Ltd £7,333,66S 1+28.71%) £5.69932 £659,550 1+17.84%) £$$1,174 £205,S38 1+10.44%) L•ndm•rksTrilnlni EntErpilses Ltd £216.681 1+5.25%) £205,870 £186,106 £5,837,2ao Group Performance £7,550.346 1+27.90%) £5,9Q3,092 £6,865,OB8 1+17.61%) P•rlvnTrance at a Ye•r 2024-25 Y••r 102>24 Dlffer•nc• Total numbef of Learner5 on role Z47 zio +37 Total number of Sl Leamers 20 12 Number of Sl Leamers 8alnln8 pald employment Number of Sl Learners 8aSningvoluntary Employment 14 +5 +1 Sl Employability Paid Outcomes1%1 75X .5% Total number of staff 8lven CPD 153 146 Total number ol staff13¥81 157 147 +10 Medla ènd other s•Thlcg1 Year lo25 Ye•r 2023-24 Dlfferehce Social Medla Follower5 Webslte Total Page Views Unique web51te vlsltors Number ol unloue donors 4197 137,242 24,923 162 3659 114,065 24.092 125 14.7% 20.3% 3.4% 29.6% Page 4
ndmarks S tlllst Colle Re ort of the Goverftors for the Year Ended 31 Au ust 2025 How dld we progrqss tawards our 5trntrfi¢ obledive"M•lntaln Fifiancial Health"7 Increase Learner Numbers Landmark5 OFE (Department of Education) funded learner number5 Increased frorn 139 to l?S between thE academlc year5 23124 and 24125. a growth percentage of 26.6%, resultlng In u5 recelvlng top-up fundln8 from the DFE IDepartmeTht of Education) for substantlal In-year growth. Ouf day service ILilelonR leèrnersl numbers remalned con515tenl w4th around 85 ad$ with SEND accessln8 gur offer across all maln sltes. Dev•lop Busln•ss Opportunltles Londmarks hès stren8thenEd Its partner5hip5 wlth sector-leadin8 employers thls year, Includlng becomln8 Greene Klng's partner of Chol for recrultin8 and employlng people wlth addltlonal needs and dSsab511tles acr055 the re8lon. We have also estèb115hed partnershlps wlth Marsdens and NH5 Rotherham, securlng intern placements and working wlth a range of small-to-med5um local eTrterprlses to create further opportunitle5. As Landmarks contlnues to expand, we purchased a new bulldlng in Nottlngharn In May 202S, Imapperfey Park Housel enabllng us to grow and develop our Nottlngham offer Into the fvture, we alm to open th15 51te for an Sncreasln8 number of learner5 In september 2025. Manage FlninEes Well Landmar5 achleved ihelr flr5t ever DFE IDepartment of Educatlonl Kradlng ot 'Out5tandlng' lor the management ol College flnances In 2021. Thls has been malntained sln¢e ai each annual DFE (Oepartrnent of Educationl audlt. We have 5trengthenEd our free reserves to a lÈvel that en5ure5 the College remalns Ilnènclally Secure, having over three months of reserves in the bank at year end. We a150 endeavour to stay Wlthin IO% of all budget Ilnes throughout the year and explaln any ¥arlance5 above thi5 level to the Finance, Audlt and Resources Comrnlttee and Board of Governor5 11 esSary. Investlni In our people Each year, we convene a Remuner•tloTh Comrnlttee, brlniln6 tO8ether the full Board of Governors, the CEO. and the 5enlor Leadershlp Tearn to revlew staff pay and condltions. Thls ensures that, where allordable, employees at Landmarks receSve ompetltlve and seor-allned rewards. For 2024125, Landmarks Implemented a tallored pay increase of 3.6% to 4.1% for all employees In response to C05t-ol-livin8 pre55ures. Qyr continued investment In staff, supported by ben£hmarklng and professlon?I develcpment, contrlbutes to Strong workforce engagement, reflected In a 92% stsff $atlstsctlon ratlng. OBJECTIVES AND ACTIVITIES Oblectsves and alms The charity's alms are to provlde educatlon and tralnlng to those wlth learnin8 dlfflcultiesldlsablllties in a ¢arinR and sheltered envlronment. The contlnuous quallty Improvemeni of thls provlslon remaln5 a key focus. prf1p9l xtlvltles Landrnarks ha5 a prDud reputation for de51gnin8 indlvlduallsed educatlon and support programrnes for younB people wilh additlonal needs, supportin8 them to athleve thelT Ilfe soals be that,. Employment, hlgher education andlor Improvin8 individual levels of independence. We alm to ensure that our learners, Ilves are Impacted p051tlvely as a result of leamln8 at Landmarks. In settlng our objective5 and planning OUT actlvltles the Governor5 have 8iven careful consideration to the Charity ComrnSssion's general guldance on publlc benefit. Further detaSls of how the charity has carried out its activities for thE publlc beneflt are given in the 5ectlDn on A¢hievements and Performance below. Page 5
Landmarks S È¢1ollst Colle ort (rfthe Go¥erfioT5 forthe Year Ended 31 Au ust 2025 A(hIemEnts and performance Revlewof aetlvitl•s Landmarks is an Independent Specialist College for adult5 who have a Tange of learning difflculties and disabilltie5. The College offers a w5de range ol practical prograrnmes whlch are indivldually tailored to promote learners, Ilfe skSlls and acadernic achlevements in the pursuit of £reater Independence, further study. or employment. The sltes, located across Nottin8hamshire. Derbyshlre and south Yorkshire provide excellent lacilltie5 for practical, contextuallsed learnin8. learnln8 also take5 place In a range of communlty settin85, employer premSses and local facllltles. In 2024125 the College had a total of 247 learners of whlch 71.26%11761 were Educatlon and Skills Fundlng Agency IDFEI learners. The remalnlng learners 1711 were funded through dlrect payments/50cial servltes tontracts. Typically* DFE IDepèrtrnent of Educat5onl funded IEarners transfer to Landmarks after leavln8 special schools with a Cornblnation ol rnlld severe learnin8 difficulties andlor dis3bilitle5. Learners usually live wlthln 8 25-mile Tadlus of College $e$ and travel on a daSly basis. The learner populatScn ranges In age from 16 to 60. All learner5 are engaaed In a comblnation of practlcal Sndependence. employment, vocatlDnal, funrtional skllls,. maths, En8llsh or dlBStal 1Steracy (through both dlrect sesslons and ernbedded appllcatlonl. Learners recelve tultlon in personal and social developrnent, how to keep themselves safe onllne, at home and in their communitie5 a5 well as having opportunlty to study a variety of Vocatlonal sublects and qualifications, as well a5 access to a larse range ol work experSence opportunltles, which aim to enhance learners, employabllity and work readlness skllls. T5metable5 reflect indivldual learner need5 and cholce and Include.. Llfe sn Modern Bdtèl - Animal Care - Art & Dl8ltal Medla Creatlve Media Music Performln8 Arts Hortlculture & Lond based studles . Sport & Le15ure Hospltallty & Caterln8 Duke of EdlnburKh Awards,. Bronze, Silver and Gold Work Experience Employablllty Th• Cole1¢ Is iovemed by a 8oard of Governorn from d+lrent profemlons ènd buslness b•¢kirounds. The College place5 great 51gnlllcancE Dn worklng collaboratlvely and in partnershlp wlth a range of other a8encles Includln8 the OFE IDepartrnent of Educatlonl. Local Authorltles. Soclal Servlces, the Targeted Supportrrransltions Service, local Schoo15, multl-aca¢Jemy trusts, fvrther educatlon colleges, The Natlon31 A550clatlon lor Specla115t Colle8e5 INATSPECI and a range of employers. from small independent to natlonal iroups. RanKe of facllltiEs and resources, speclflcally for the use of people wlth d15abllllles. The followlng ère amongst the ve50urce5 avallable-. WorkinE farni aDd land, wlth a ran8e of lIvtoCk and hortlcultural currlculum actlvltles that supply College and pub kltchens - Worklng Public House, where learners prepare, cool and serve food and drlnk to customers Caterlng kitchens and cn-51te 8i51TO Gardens and greenhouse - Music and pErfoTming art5 5pace5 Classrcorni. 20+ dedlcated classroomslresources Ilncludlng vldeo and IT equlpment, deélcated Pts, and networkl across Page 6
Landmarks S da115t Colle ort ol tht Governor5 forthe Year Ended 31 Au ust 20ZS OBJECTIVES AND ACTIVITIES uttlemoor House, Is the maln slte which provide5 the base for rnanagement and admlnlstration. In currlculum term5 th55 slte also has an Art studio, Music roDm. 8istro. 8 cla55rooms and outdoor space. Apperknowle Farm 5s where Landmarks operates their Land based and An5mal C3rÈ IFarm-to-Forkl currlrulurn. This site continues ¢0 be developed to provide a full range of land-based resourtes for Larsdmarks pro8rammes. This is a mortgaged propertv Dwned by the Charlty. The Archer Pub Is where Landmarks operate5 their H05pltallty and Catering turrlculum from September 2016, tralnlng voung adults wlth a varlety of addltlonal needs who w15h to work wlthln the bar and restaurènt trade. The Archer enterprlse aSms to.. - Traln young people wlth additional needs, aged IB4 to acquire the knowledge. 5kllls and Experlence requlred lor a career In ¢he bar and restaurant trade Give learners the tlme and support they need to master a5pect5 of thelr ch05en career. bulldlng confldence. Independence, and re5111ence withln the workplace - Work vAth natlonal bar and restaurant tompanies, to offer Clear routes of pro8re55ion 5nto employment Use the Ilvestock and produce reared ènd planted by learner5 at Apperknowle. The Archer and Llttlemoor House wlthln The Archer kitchen, reinlorcing our farm.to.fDrk currlculum. Wayflnder Specialist Ernployment Serylces ha5 a150 establlshed a base at Nottlngham House, Rotherham and Eckln8ion High Street, to bolster the presence of thelr employer support and placernent actlvltles $0 very cruclal tD the success of the Supported Internshlp aspect of the Employabllity Pathway. Mapperley Park House Is our new Nottin8ham slte, provldln8 3 dedlcated base for dellverSng our study pro6r•mme parhways and mlrrorlni the offer available at Llttlemoor House and Enterprlse House. The 51te enables1earners to develop essential Ilfe skllls wlthln thelr locol community whlle working towards vocatlonally relevant ouallll¢atlons. Learner5 3150 at<ess volunteerin& work experlence. and local ernployer opportunlties. wlth Some progresslng Into supported Internshlps that can lead to 5UStalned employment after college. Ac¢ess to thelr local area has ihe greatest impact on Improvln8 confldence and community particlp8tlon. The new site Includes an Art Studlo. MedSa Sulte, ITsiudlo, Muslc Room. 81stro, and six classrooms. Enterpr15e House Is our Rotherhèm slte, ollerlng a welcomlng and acce5s1ble envlronment where learner5 can bulld employèblllty skills and develop Breater Independence. Belng located wlthln the town centre allow5 leamers to pract15e key life skills In real settings, supportinB stronger Ilnks with their local cornmunlty and Improvlng confldence when rravelllng, soclali5in& and acce$51ng servlces. The site is well equlpped wrth speclallst facllltles, Includln8 an Art Studlo, Medla Suite, IT Stud40. Music Room. Bistro. and six classrooms. Learners following the Employabillry Pathway were able to access over 40 employer premlses In which to elther complete work placement5 or Internships. As a result. many learners progressed inio paid employment across several disciplines, chief amonBst rhem belng Hospitality and CatEring ihanks to the established partnership the College hos wtth Greene Kin8 pub company. Such 15 the College's commitment to it5 Vision and Mi551on thai It tracks ex-learners and offer5 SUPPOrt to secure employment should anything happen wlth thelr Inltial employment outcome. In 2024-25 the College continued successful works in supporting learner5 to secure pald employment as part of their Aftercare After College offer. Page 7
marks S eclallst C011e ort of the Governors for the Year Ended 31 Au ust 202 OBJECTIVES AND ACTIVITIES LeaTners following the Colle8e's Llfe Skllls Pathway accessed a varlety of academic. vocational and social subjects almed at mproving an Indlvldua1 learner's level ol lrndependence, 501ial communication and aspirations for thElr futu, whether that is to atcess thelr local comrnunity with confidence, progress onto further study at a local rnaln5tfeam College or secure employment, or occupation, paitt tsr otherwise. The alm belng that learnef5 from this pathway OT SUPPOrted to develop life skills that can lead to productive adult Ilves where they can be actlve members of thelt local communlty. OutcornES for leèrners are Impfesslve, wlth leaver5 on the Employablllty Pathway athievin8 the highest rate of pald employment since the pathway be8èn. So too were the lrnpre55ive outcomes of those leavers following the Life Skills P3thway. Many leavers were supported to achleve duhl destlnètSon5, meanln8 If work was only part tlme, they were supported to establlsh a lurther actl¥lty that together, made lor a week with a deslred amount of activity for the College leaders are confident that the quallty ol edutatlon. outcomes, personèl and 50clal developrnent a5 well as leadership and mènègement are èt least Good overall. wlth some ernerÉlng Outstandlng tralts whl¢h should be reallsed In short order. Quallty Improvement prlorlllq$ 2024-25 louallty Impiov•ment Plan 2S-261 Improve fun£tSonal sk1115 quallfltatlon athl2vement, P4rt1cularly maths and dlgital, and reduce the achlevement gap wlth Engllsh Strengthen parent and carer enB38ement by slmpllfylng the survey approach and In¢reasln8 response rates aThd partlcipatlon Improve moThitoTln8 of learner progre55 and 5UPPOrt needs throu8h a more robust data drlvEn approach so Issues are Identlfied early and prDvlsion Is adapted M•naiement of the assoclated rl$ks Throughout 2024125, the Flnan¢e, Audlt and Resources Cornmlttee strengthened the way we IdeThtlfy, assess and mltl83te risk. Rlsk was bullt more cons15tently Into governance reportln& iThcludin8 Standard Incluslon wlthin the Principal's report nd regular revlew at each Financt, Audlt and ReSoue5 Cornmlttte meetiri8. Thls wa5 coffjplemented t+y further development of the risk reglster, Intludlng rlsk rnonetlsaticn, so It more accurately reflects the college's current rlsk profile and Informs tlmely. proportlonate actlons. Golng Concem Governors have revlewed the charlty's projected flnan¢lal performance over the next 12 months and are tIsfIed that there are no material uncertainties that would cast slBniflcant doubt on the charity's ability to contlnue as a going concern. Thi5 conclus5on is supported by flnancl31 forecastlng and scenario modelling, Includlng conslder2tSon of the rnost Ilkety operatin8 a55umptions. The charlty Ss therefore confident It will be able to meet Its f5nanclal commitment5 throughout 2025126 and beyond. subject to the CDntinuatlon of funding lor learner placements through the Department for Educatlon and Local Authoritle5. staff Sat151acllon In our recent staff 5atisfactlDn survEV1241251. Landm3Tks boasts some 5tron8 result5: - 92% cf staff dexribe landrTbarks 3$ a good or outstanding place to work. - SafÈgu3rding culturels exceptionally strong, wilh 99% awarÈness of procedure5 and signs of abuse. Strategic direction 15 rlear, with 98% of staff understanding the college'5 vision and priorities. Organisational communicatlon Is stron& wlth 98% satisfied with information about college performance. Trèining is hlghly effectlye. wlth 96% saying it enables thern to do thelr role well. Page 8
Landmarks S Èclallst Colle Re ort ofthe So¥noT$ for the Year Ended 31 Au ust 2025 08JÉCTIVES AND ACIMTIÉS - Career development opportunltSes rernaln 5tron& wlth 90% posltive feEdback. Managers are seen as hlghly approachable and supportive, wlth 95% positive ratings. A strong culture of contlnuous Improvement is evldent, with 98% agreement. - Staff report a stron8 Sense ol purpose and contr4bution to the college's succe5S. Reserves Poll¢y We have determlned our free reserves levels should be tar&etÈd at 1-3 month5 tDial expenditure This calculation has been made based on benchrnarking ourselve5 Wlth other slmilar sized £harftable organi5ations. Reserv•s The Charlty Commlsslon's CC19 8uldance 5tètes. Yhere Is no single level tsr even a range of reserves that Is rlght for all chèrltles. Any tar8et set by governors lor the level of reserves to be held should reflect the clrcumstances of the Indlvldual charlty. To do th15, governors need to know why the chaTIty 5huuld hold reserves and, h?n8 Identlfied those needs, ifve governors should conslder how much should bE held to meet thern. Thls pollry set5 Oljt Ouf free reserves, whlch are deflThed a5 unrestr5¢ted funds excluding Ilxed assets and defined beneflt penslcThs. These free reserves Include 5hon-term Investment balances, cash, and other worklnq eaphal balance5. As part of effectlve financlal mana8ement, we hold reserves to ensure we cèn rnanage.. Flnin¢l•l Impart of rlsk. There are a range of rlsks we face, Ircludln8 the rlsk of an unforeseen drop In lncorne unbud8eted increases In expenditure. Workln6 ¢apltsl. A signiflcant proportlon of our re5erve5 are represented by non-cash assets liablllties, such as accrued legacy Income, other debtors. and stock. These reserves are not readlly available. A detalled revlew of the fSnanclal r15k5 we face Is mon5tored on an on8oln8 basis. and our a55e5sments on the p055ible financ1al 5mpact of those rlsks have been Incorporated Into the reserves range we have calculated. Loni-twrn cornrnltrn•Thti TherE Is no current requirement to make allowance wlthln the reserves range for future plans and commltment5. AlthouEh we have long-term flnancial Commitments wlth our staff and leasehold properties, these commltment5 wlll be funded excluslvety through future cash inflow5. Future ÈxpeThdlture wlll be set in line wllh future income, and therefore speclfic lon¥-terrn funds have not been set aslde wlthln reserves. Tariet rang* for r•Mrv The target range Is set at 1-3 month5 txpendlture - roughly equating to c£l,590,000 In 2024-25. The Board of Governor5 con$lder that this target range provides sufficient flexibillty In the context ol operational requlrements, and for an organlsation of our slze ènd complexitv. RespvnjlbllSes The Board of Governors are responslble for ensurln& that we manage our resource5 respon51b, and that we act In the best Interests of the orEanlsation and the people we Serve. The Board has responslblllly for approvinE and monitorfn¥ the implementatlon of this policy. The CEO and Chair of Governors are respgnslble for Monon6 and 5upetvlslon of the curTeTht and future tTnantlal 51tuaticn and associated risk5 to the organlsatlon. The cornmittee ha5 responslblllty for Tevlewing thls policy and making recomrnendatlon foT approval to the 8oard. The CEO Is responsible for providin8 clear and focused leadershlp of the organisation, and to Ensure our fin3nclal The CEO is the policy owner and Is responslble for managing our rEserves level within the poliry range, ensuring thi5 pollry is reviewed In Ilne wlth corporate requiTernents with a5515tance Irom thE Flnance Lead. Page 9
Lo dmaTk5 S f the Governors for the Year Ended 31 Au ust 2025 laws and regulattons As a registered charlty. we arè required to meet rdevant legal and regulatory requlrements. Thi5 pollcy set5 Out the framework we have in place to conflrm the level of rEserves we ha determined is approprSate for our or8anlsallan and draws upon 8uidance such as the Charlty Cornmlsslon's CCI9. Inv¢gtment Pdlcy Landmarks recelve Income on an annual basis, for learners wlthin year from Counc115, and on a la8Èed basls from the government. We plan effectively based on appll¢atSon approval success of prevlous years and forecast learner numbers based on each stage ol the process. We allow ourselves tD malntain a prudent level ol free reserve$, to cover any unexpected OT unexpected drop In learner numbers to cover rfsks associated. Landmarks board of Governors have always felt that investment for the longer term Is not sornethlng that Is nece55ary. The investment LBndmark5 make is In the provislon expansion and Improvements and not for short term financial 8alns. Our pollty Is therefore to review our bank accounts to ensure we Ket the best Interest rate5 P0551ble at the time for our funds, this Is reviewed annually by ihe Flnance Comrnittee. Landmark5 Board ol Governor5 conslders It Is not necessary tor Landmarks to create an ethiul Investment pollcy In the nearluture. STrUCTVRE, GOVERNANCE ANO MANAGEMÉNT Governlni document The charlty 15 ci)ntrolled by its governlng document, 3 deed of trust, and con5tltutes a Ilrnlted ccmpany, Ilmlted bv guar•ntee. as defined by the Companles Act 2006. crfty £onsll¢ytlon The company and the 8roup are reBi5tered as a charltable company Ilmlted by guarantee and constltuted under Memorandum and Artlcles of Assoclatlon dated 29 March 1995 as amended 6 May 2014. 21 September 2016 and 24 April 2021. re¥i5tered thèrlty number 1047557. The prlncSple object of the company aThd the group Is to providt educatlon and tralnlng to adult5 wlth leamln dlfficultlesldisabilltles In a ¢ar1n8 and sheltered ¢Thvlronminl. R•cruitment and appo1ment of new Go¥eTnors The manaeement of the company15 the respon51billty Df the fjovernor5 V4ho are eletted and co-DPtod under the temis ol the Memorandum and Artlcles of As50C13tIon. Governors are recrulred via online advertlslng. both thrDugh voluntary sector Job Board5 and throu¥h the college's own webslte. If the college receives an enqulry to become a Govemor, they are Invlted to meet the Prlnclpal and are glven a tour ol the college. If the applicant wlshes to pursue thelr enqulry followlng a tour. they are ihen Inviied to observe the next Governor mÈeting and meet with the Chèlr of Governor5 on a l.'I ba515. If both partles are In 38reernEnt, Governors are asked to on5ider the applicatlon and vote on rnembershlp. Each year Governors receive tralning pertinent to the college. coverin£ areas of.. - Safe8uarding & Prevent Mental Capaclty Equ31ity Diversity ènd lThclu51on Safer Recruitment Female Genlt31 Mutilatlon Page 10
d arks S ecl Colle ortoft Year Ended 31 Au rnor5 U5t 2025 L•ndmirks 5tNdure Landmarks Is governed by a Board of voluntary Governors, none of whom are paid by Landmarks. and any confllcts of Interest are declared withln the accounts. The baard of govemor5 do not have control of the day-tTrday operaOnal dutles of Landmarks Speelallst College but are heavlly Involved In an advlsory capaclty at meetlng5, and each lead a subcommittee meaning that they are very awaTe of the actlvrtie5 taking place. The following organogram show5 the employment structure of Landmarks, wlth the Prlnclpal reportin8 direcrly to. and held accountable by, the board of go¥ernDf5. &andm•rks LdershIP Stru¢wre TIDbT* A..•w'. Page 11
arks S ec4allst Colle ort of the Govemors forthe Year Ended 31 Au ust 2025 Rernuneratlon Landmarks h05t an Internal Remuneration CommSttee annually In December of each year. We are commSttÈd, as part of our 5trate81£ priority 'managlng finances responsibly" to Invest in our staff team, whlch ensuve we attrart best In class staff to support our learners. It also illows Internal developrnent ol staff. so that we can prornote from wlthSn the organ15atlan, and develop a strong mana8Ement structure that know the charltable oblertlves, and what we are trying io achleve. In aCCDrdance with the Statement of Recommended Prattlce ISORPI Landmarks Accounts dlsJose'. All pay to Governors INO pay 15 recelved outside of expen5es1 -The number ol staff in receipt of more than £60,IXa per annum (ln bands 01 £10,000) - The annual lemuneration decislon forthe staff pay decision. The remuneratlon Committee conslsts of the Chalr ol Governors, the entire governor cohort, the CEO, and FD. The board make ihe deci510n, based on benchrnèiklng activities and Snllatlon presentatlons provlded by the Dperational team. The staff tearn mentloned are not Involved In the decl$lon process and are only pre5entlng fatts and figures surroundlng affordabillty gf all optlons. 5t•temeni ol Purpose - Tv tonslder, approve and report to the 9oard of Governors on declsI0Th5 reiardlna the remuneratlon package. terms. and condltlons Iln¢ludlng the annual reviews ot such) and, where appropriale, severance payments of the.. - College Ernployees College Princlpal and Ch5ef Executlve Colle8e Executlye Team Aole •nd Remlt In relatlon to Its PLTrrpose labovel, the Cornmittee wlll conslder.. That senlor mana8ement should be falrly rewarded for thelr Indlvldual performance ènd contr5butlon to the College, overall performance. . Where, In term5 01 remuneration, the ColleÉe $t*nds Sn relation to other comparable Insthutlons In the sector. - To oversee and èpprove pallty and declsion-maklng In relatlon to cost ol Ilvln8 revlews. - The relationshlp between gender and remuneration and the narrowlng of gaps. The adequacy of penslon arrangement5 and the cost Implicatlon of penslon arrangement, Includin8 the pension effett of remuneratlon prop05al5. - To considEr and respond to any appeals made by sensor executSves In relation to Purpose above. - To undertake other relevant duties as determlned by the Board ol Governors. For the 2024/25 financlal year, Landffjarks agreed a tapered 3.6%4.1% pay Increase for all 5tsff. One member of staff earned more than £60,0 per annum and that was the Colleue CEO. Pa8e 12
Landma Re ortoftheG for the Year Ended 31 Au vernoys U5t Z025 STATEMENTOF GOVERNORS. RESPON5161IITIES The Governors (who are also the dlrector5 of Landmark5 Spetlallst Colle8e fDr the purpose5 of company lawl are responsible for preparing the Report of the Governors and the financial staternents in accordance with applicable law and Unlted Kingdom Accounting Standards Iunlted Kin8dom Generally Arcepfed Accounting Prattlcel. Company law requlres the GovÈrnors to prepare flnanclal 5taternents for each flnanclal year. UndEr ihat law, the Governors have elected to prepare the financlal statements In accordance wlth Unlted K5ngdom Generally Accepted ACCOntIng Practice Iunlted Kingdom Accounting Standards and 3pplicèble lawl. Under compèDV law the Governors must not approve the f5nancla15tatements unle55 they are satisfied that thEY give true and falr vlew of the statÈ of affalrs of the charitable cornpany and of the incomlng resources and appllcation of resources. iThcludln8 the Income and expendlture. ol the charStable company for that period. In preparlng those flnanclal statements, the Guvernors are requlred to.. select suitable atcountlng policies and then apply them consi5tently.' observe the method5 and prlnciples In the Charltles SORP,. make lud8ements and estimates that a reasonable ond prudent.. prepare the flnancièl statements on the going concern basis unless It Is Inapproprlate to presume that the charltable company wlll contlnue In bu51ne5S. The Governors ère Tesponslble for keepln8 proper accountlng record5 whlch dlsclose with reasDn•ble accurècy at any Ilme the financlal posltlon of the charltable company and to enable them to ensure that the tlnanclal statements comply wlth the Companles Act 2006. They are also responslble far safeguardlng the assets of the charltable cornpany aThd hence for takln8 rea50noble steps for the preventlon and detectlon ol fraud and other Irre8ulorltle$. In so far as the Governors are aware.. there Is no relevant avdlt Inlormatlon of whlch the charitable company's audltors are unaware; and the Governors have taken all step5 that they ought ta have tsken to make themselves aware of any relevant audlt Informatlon and to e5tab115h that the audltors are aware ol that informètlon. AUDITORS The audStors, SMH Group Audlt, wlll be proposed lor re-appolnlment at the forthcornlng Annual General Meetln8. 13..:oS-,.Zo.I Approved by order of the ljoard of Governors on .. ... •nd slgned on its behalf by.. P F Battiste- Govemor Page 13
of the Inde endent Audli Landm rstothe bers of Oplnlon We have audlted the finantial statements of Landmarks Speci315st College Ithe 'charftable company'l for the year ended 31 Au8ust 2025 which Eomprise the Statement of Financial Actlvities, the Staternent of Financial Posltion. the Statement of Cash Flows and notes to the linantlal st3ternent5. Includin8 a summary of 5ignlflcant accountln8 policie5. The financial reporting framework that has been applied In their preparatlon 15 applicable law ènd United Kingdom COuntIng Standards Iunited KlnÉdom Generally AG¢epted Accountlng Practlcel. In our opinion the financial st3tements'. glve a tre and falr view of ihe state of the Charltable company's affalrs as at 31 Au8USt 2025 and of Its Incornlng resources and applicètlon of resources, includln8 Its inCOTne and expenditure, for the year then ended.. hove been properly prepared in accordance wlth Unlted Kir$8dom Generally Accepted Accounting Practice.. and have been prepared In accordance wlth requlrements of the Companle5 Act 2006. Ba555 lor oplnlon We conducted our audlt In accordance wlth Internatsonal standards on Audltlng IUKI IISAS IUKII and appllcable law, Our responsibllitles under those stsndards are further destrlbed in the Auditors, re5ponslbillties for the audit ol the flnanclal statement5 sertlon ol cur report. We are Independent of the charltable company In accordance wlth the ethlcal rEqulrements that are relevant to cur audit of the financlal statements In the UK. Includlng the FRC'S Ethlcal Standard. and we have lulfllled our other ethSc81 responsibi1it5es In accordance wlth these requlrements. We believe that the audit evSdence we have obtalned is sufficlent and approprlate to provlde a basls for our oplnlon. Concluslons r¢latln¢tO 8oln8 concem In audltln8 the flnanclal statements. we have Concluded that tht GovErnors' use ol the golnR concern basls ol accountln8 n the prepèrailon of the flnanclal statements Is approprlate. 8ased on the work we have performed, we have not Identlfled any rnaterlal uncertalntles relatln8 to events or condltlons that, individually or collectivelyt may cast s18nlflcant doubt on the chèrltable company's ability to CDntinue as a goln¥ concern for a perlod of at lèast tWee rnonths from when the Ilnanclal 5tatement5 are authorised lof Issue. Our responslbilltle5 and thE respon51billtles of the Governors with fespect to goln8 concem are descr5bed In the relevant sectlon5 of this report. Other Irrfomation The Ggvernors are re5ponslble for the other Infomiatlon. The other Inlormatlon cornprises the Informatlon Included In the Annu31 Report. other thon the flnanclal statements and our Report ol the Independent Auditors thereon. Our oplnlon on the flnanclal statements does not cover the other Information and, except to the extent otherwlse expllcltly ststed In our report, we do not express any forrn ol assurance concluslon thereon. In connection with our audit ol the linanclal statements. cur rEsponslblllty15 to read the other InforrnatSon and, in doin8 so. consider whether the other Informatlon Is materlally Inconslstent wlth the flnancial statements or our knowled8e obtained in the audit or otherwlse appears to be materlally mlsststed. If we idenrify such rnèterial incon$istencles or appèrent mèterlal m15Statements, we are requlred to determlne whher thls glves rise to a material mlsstatement In the financial statements themselve5. 11, based on the work we have performed, we conclude that there is a material mi5Statement of thls other informatlon, we are required EO report that fact. We have nothinB to report in thi5 re6èrd. Oplnlons on oth•r matters pres¢rfb•d bythe Companles Act 2006 In our oplnion, based on thE work undertaken in the course of the audit.. the informatlon Eiven In the Report of the Governors for the finan¢lal year for whlch the financial statements ère prepared Is consistent with the financlal statement5,' and the Reporr of the Governors has been prepared in ac£ordan¢e with appllcable legal requirernents. Pège 14
ort he Inde endent Avdltor5 to Landmarks S list Colle Member Matters on which we are requlred to report by exceptlon In the light of the knowledge and understandln8 of the charltable company and it5 environment obtalned In the course ol the audlt. we have not Identlfled materlal m155tatements in the Report of the Governors. WE have nothlng lo report In respect of the fvllowing matters where the Companles Act 2006 rE4ulres us to report io you If, in our oplnltsn.. adequate accountin8 records have not been kept or returns adequate for our audlt have not been received from bronches not Vlslted by us.. or the flnon¢lal statement5 are not In agreement w1th the accountln8 records and returns.. or certain dlsclosures of Governors, remuneratlon specified by law are not made., or we have not retÈlved all the Inforrnatlon and explanatlons we require for our audlt.. or the Governors were not entitled to take advantage of the small companies exemptSon from the requlrement to prepore a Strategic Report or in prepèrinB the Peport of the Governors. Reiponslbllltlqs olfjovernp s explalned more fulty In the Statement of Governofs, Responslbllltle5. the Governors Iwho are also the dlrector5 01 the charltable company for the purposes of company lawl are re5ponslble lor the prepaTatlon of the flnanclal 5taternents and for belng 5atisned that they glve a tTue and falr vlew. and for such Internal control as the Govemor5 determine Is necessary to enable the preparatlon of Ilnandal statements that are free from materlal rn155taiement, whether due to fraud or error. In preparlng the flnancial statements, the Governor5 are re5pon51ble fDr asse5slng the charltoble tompany's abll+ty to coniinue as a 805ng concern. dlsclosln& a5 appliE8ble. matters related to go1 concern and using the going concern bosls of accountlng unless the Governors etth¢T Intend to liquldate the charlt3ble cornpany or to ceo5e operatlons, or have no reallstic alternative but to do so. Page IS
ort ofthe endent A stotheme ndmarks 5 ecla115t Colle bers of Our responslbllotles forthe audtt of the finin¢lal ststements Our oblective5 aTe to obtain reasonable assurance about whether the flnandal staternents as a whole are free from material mlsstatement. whethEr due to fraud or error, and to Issue a Report ol the Independent AudStors that includes our opinion. Reasonable assurance is a high level of assurance, but Is not a guarantEe thèt an audit conducted in accordance wSth 15As IUKI will always detect a materlal misstatement when It exists. Mlsstatement5 can arlse from fraud or Error and are considered material if. Indlvldually or sn the a88regate. they CDuld reasonably be expected to Influenie the economlc declslons of user5 taken on the b3515 of these financlal Statements. The extent to whlch our procedure5 are capable of detectln8 Irregularltles. Includlng fraud15 detalled below.. Our 355e5STnent ol the susceptlbillty to materlal mlsrtatement, whether by fraud or error, li made In a rlsk based approach. In thls approach. laws and reiulatlons appllcable to the entlty, such as the Companle5 Act 2006, Unlted Klngdom General Accepted Actounting Practice including Flnancial Reportlng standard 102, Charltles SORP. employment law, and Health and Safety lèw Is tonsidereo. The pollcle5 and controls the entlty ha& In place to comply wlth these laws are rEvlewÈd, by di5CU5slon, Yevlews of correspondence and reBlStratlons monltorod by external bodles. The enga8ement team remained alert to any Indications of fraud cr non-compllance wlth laws and re8u13tlon5 throughout the audit. Pollcles and controls relatln8 to the rlsk ol materlal rnI55tatemeTrt as a result of Iraud, mana8ement overrSde of controls. and revenue recognltlons are also consldered. These are assessed by obialnlng an under5tandlng of the charity's operatlon5 and control envlTonment. The pollcles and controls have been reviewed by dlscusslon. revlew and sample testlng of accountlng entrles, lThcludin8 journals, challenging assumptlons and judgement5, re¥lewlnB and evaluatlng related partles transactions, and wlder back8round Searches. Testln8 of Income rewgnltlon, 8oln8 concern and hjnd accountin8 Ss also completed. We have ensured that the en838ement tearn have approprlate levels ol competence and experlence to eflectlvely monltor these rlsks and carry out wor* relevant to our asse55ment of each rlsk. Includini Consideratlon ol the seclor the charltv operate5 In and sis slie and cornplexltv. A further descrlptlon ol our responslbllitle5 for the audll of the flnanclal statements Is located on the Flnanclal Reportlng Councll's website at www.frc.or£.uklaudltorsre5ponslbllltles. Thi5 descriptlon forms part of our Report of the Independent Auditors. Page 16
the Inde t Audltors othe Member5 of dmarks S eclallst Colle Use of ourreport Th15 rÈport Is made 501ely to the charitable company's members. as a bodyi In accordance wlth Chapter 3 of Part 16 of the Cornpanles Act 2LX)6. Our #udit work ha5 been undertaken so that we mlght state to the charStsble cDmp3ny's member5 those matter5 we are required to state to them In an audltors. report and for no other purpase. To the fullest extent pemitted by law, we do not accept or assume responslblllty to anyone Other than the charitable Company and the charitable company's member5 as a body, for our audlt work. lor thls report, or for the opiThions we have formed. James Sallm FCCA for and on behalf ol SMH Group Audit Stjlyttsry Auditors S Westbrook Court Sharrow Vèle Road Sheffleld South York5hlie Sll 8YZ Date.. 1.51Q512Q26........ Page 17
rkss e¢lallst Colle Consolldated Statement ol Flnanclal Artl forthe Year Ended 31 Au ust 2025 2024 Total funds Unrestrirted funds Restrlcted funds Total Notes INCOME AND ENDOWMENTS FROM Oonation5 and le&acies 3.3Y7 3.377 3,123 Ch•rltabl¢ actIVles harltable aEtlvitle5 7JI8MS 7.318.085 5.686,741 Other tradlng artlvltles Investment Income Other Income 216,681 4.617 7.586 216,6BI 4.617 7.596 206,611 4,844 1.773 Total 7,SSO,346 5,903 092 EXPENDITURE ON Ralsing funds 205.53B 205,538 186,106 Charltable •dlvhles 6,652.701 6,849 6.659.550 5,651.174 Totsl 6,858,139 6.849 6,865,OB8 5,837,280 NET INCOMEIIEXPENDITURfl 691.107 161491 685358 6S,812 RECONCILIATION OF FUNDS Total fund5 brought fOard 1,899.857 2340 1.923,397 1,857.585 TOTAL FUNDS CARRIED FORWARD L591,964 16.691 2,608.655 1,923,397 The notes lorni part of the5eflnancial statements Page 18
Landmark5 Ilst Colle Ildat d Statement of Fl 31Au ust 2015 nt Posltlo 2025 Total funds 2024 Total fund5 Unrestricted funds Restrfcted funds Notes FIXED A55Ers TanBible assets Investments 14 15 2,335.947 16WI 2.351,638 1,476,550 I.3357 16MI 1352,638 1,476.5SO CURRENT ASSETS Stocks Debtors Cash at bank and in hand 16 17 ZO.940 317,660 1.633.211 20,940 317,660 1.633,211 23.439 243.442 1,175,624 1.971.811 1.971I11 1,442,505 CREDITORS Amounts fallln8 due wlthln cne year 18 1447,6711 1447.6711 1170,8071 NET CURRElA$S£T$ 1.524 1410 1.5Z4.140 1.271,698 TOTALAS5ET5 LESS CURRENT UA8IUTIES 3.860M7 16.691 JA76.778 2.748.248 CREDITOAS Amounts falllng due after more than one year 19 11.268.123) 11,268,llJl 1824.8511 14ET A5Strs 1.591,964 16.691 2,608.655 1.923,397 FUNDS Unrestrlcted fuThd5 Restricted funds 22 2.591.964 16.691 I,B99,857 23,$40 TOTAL FUNDS 2.608.655 1,923.397 Th financial siatemenis were approved by the BDèrd of Governor5 and authorised for Issue on and were 518ned on Its behalf bv.. P F Battlste- Governor The note5 form pèrt Df these financial statements Page 19
Landma dallst Coll om an StatemÈnt of Flnan£la 31Au si 025 sltlon 2025 Total fuhds 2024 Total funds Unre5trlcted funds Re5trl¢ted fund5 Notes FIXEO ASSETS Tan8lble assets Investments 14 15 2.335.655 I691 1352.346 1,476,427 ZJ35,656 16.691 2352.347 1,476,428 CURRENT ASSETS Stocks Debtors Cash at bank and In hand 16 17 12,305 343,502 1,593.481 12.305 343,502 1.593,481 15.201 255.009 3,141,310 1.949288 ¥949,288 1,411,520 CREOITORS Amounts fallln8 due wSthln one ytèr 18 1434,0591 1434.0591 1158,3951 NÉT CURRENT ASSErs L515,229 1.515,229 1,253 12S TOTALAS5ETS LE55 CURRENT LIABILITIES 3505 16.691 3.867,576 2.729.553 CREDITORS Amounts fallln8 due after more than one year 19 11,268,12Jl 11,Z68,1231 1824,8511 NET ASSETS U82,762 16,691 2,599,451 1,904,702 FUND5 Unrestrlcted funds Restrlcted funds 22 2,582,762 16.691 1,881,162 23.S40 TOTAL FUNDS 2.$99A53 1.9Q4,702 The ffinanclal statements were approved by the Board of Governors and authorised for issue on -l.%.-..o.%.-..Tro.TrTr..... and wefe slgned on Its behalf by: P F Battlste- Governor The notes form pèn of thesethnanclal statements ge20
Landm eclallst Coll¢ onsolldated StatemEht ol Cash Fl for the year Ended 31 Au ust Z025 2025 2024 Note5 Cash flows from operatln8 art1vles Cash generated Irorn operation5 Interest paid 1.173.639 66.867 122,971 66,38S Net cash provlded by operating actlyltle5 189,356 Cash IIow5 from Ihvestlng •rtlvltlas Purchase of tan8lble fixed assets Interest recelved 11.230.aOBI 4,617 1257,9481 Net cash used In Investlng actlvltles IL226.1911 1253,1041 C•sh flows Irom finah¢ln8 act1¥•$ New loans In year LoaTh repayrnents In year Bank overdraft rnovernent 4B6.SOO 145,2281 2401 119,2391 Net cash provlded byllused In) flnanclng actlvltle5 443A132 119,2391 Chinge In cash •hd c•sh equl¥alents In th• Mportlni peflod Cash •nd tash equival•nts at the b¥lnnlni of the reportlni perlod 457J47 182,9871 1.174.623 1,257,610 C•sh Ind cash equ1lnts •t the end of th• reportlnl perlod 1,631,970 1,174,623 The notes forrn part of these financlal statements Page 21
Landmar Notts to the Consolldated Statement Df for the Year Ended 31 A st 202S h Flow5 RÉCQNCILIATION OF NET INCOMÉ TO NETCAW FLOW FROM OPERATING AcfiviTIE5 2025 2024 Net In¢ome loff the reportlThd perlod la$ pef the Stat•mwt of Flnanclal Activltlesl Adjustments for: Depreclatlon charges Interest received Interest pald Oecrease/l5ncreasel In stocks Increase In debtor5 Increa5e/ldecreasel In £redltor5 685,258 65.812 3S4,720 14.6171 I6667) 2,499 174,21BI 276,864 257.573 14,8441 166.3851 11.6601 186,1011 41,4241 Net c•ih probed by oper•tlons 1.173,639 122,971 ANALYSIS OF CASH AND CASH IQUIVALENTS 2025 2024 Cash In hènd Notice dewsits Iles5 than 3 months) Overdrafts Included In bank loans and cverdrafts falllng due wlthln one year 1,090 1.632,121 1.106 1,174,518 11,ooii Total tash and cash equSvalents 1.631970 1174.623 ANALYSIS OF CHANGES IN NET FUNDS At 119124 Cash flow At 3118125 14•tcash Cash at bank and In hand Bank overdraft .175,624 11,ooii 457,587 12401 633.211 11,2411 1.174,623 457.347 1.651,970 Debt Debts falling duewithin l yeor Debts fallln8 due after I year 120.8291 82451) 117.6831 138,5121 1443Jni 11.268.123 460.955 la4580) IIA06,6151 Total 328.943 13,6081 3Z5,355 The notes form part of these flnanelèl statements Page 22
ndmarks S I Ilst Colle es to the Flnanclal Statements for the Year Ended 31 Au ust 102$ ACCOUNnNG POUCIES Sa51$ gl prepadnKthe fftnanclal stst•fflents The flnanclal Statements of the charitable compaThy. whSch is a pub15c beneflt entlty under FRS 102, have been prepared in accordancÈ with the Charitles SORP IFRS 1021 'Accountin& Ènd Reportln8 by Charities.. StatemÈnt of Recommended Pr3Ctice appllcable to charlties prepariTh8 thelr account5 In arcordance with the Fln8ncial Reportin8 Standard app11ble In the LIK and Republlc of Ireland IFRS 1021 leffective l January 20191,, Flnanilal Reportlng Standard 102 'The Flnancial Reportlng Standord applicable in the UK and Republic of Ireland, and the Companles Act 2006. The flnanclal statÈments have been prepared under the historical cost convenllon, wlth the exceptSon of Investments whlch afe Sn¢luded at market value. Incom• All Income Is reco6nlsed in the Statement of FinancSal Actlvllles once the charlty has entltlernent to ihE funds. It is probable that the Income wi11 be recelved and the amount can be measured rellably. Mpendlture Liabllltles ère recogn15ed as expendlture a5 soon a$ there Is a legal or ¢onstructive obll8atlon commitlnB the charlty to that expendlture, St Is probable that a tronsler of economic beneflts wlll be requlred In settlement and the amount of the obli8at1on can be measured reliably. E¥pendlture Is accounted for on an accruals basls and ha5 been classified under headings that a8Eregate èll cost related ro the category. Where costs cannot be dlrectly attributed to partlcular headlngs they have been allocated to actl¥ltles on a bas15 conslsient wlth the use of resource5. Tawlbl•llxed a$5elS DepcIatIon 15 provlded at the followln8 annual rates In order to wrlte off each asset over Sts estimated u5eful1S1e. Freehold property Short leasehold Flxtures and fittln85 Motor vehltles IO% on c05t and 2% on cost 5tral8ht line over the remalnlng perlod 20% on cost 25% on cost Stocks Stocks are valued at the lower of cost and net reali5able value, after maklng due allowance lor obsolete and slow movlns Iterns. T•x•ilon The cornpany 15 £onsldered to passthe test set out In Sth. 6, para. l of the FinancE Act 2010 and therefore Ir meets the definition of a charitable cornpany for the UK corporatlon tax purp05e5. AcCOrdnly1 the company 15 potentially exempt from the ts¥atlon In respect of Income or capital aalns recelved wlthln categorles covered In Pl. 11 CH. 3 of the Corporation Tax Act 2010 or s. 2S6 of the Taxation of Chargeable Galns Act 1992, to the extent that such SncDme or galns are applled excluslvely to charltable purposes. Fund accounUnK Unre5trlcted funds can be used In accordance th the charkable objectives at the dlstretlon of the Governors. Re5trirted funds can only be used for particular restrlcted purp05e5 Wlthln the objects of the charlty. flestrittion$ arise when speclfied bythe donor or when funds are ralsed for partlcular restricted purposes. Furtherexplanètlon of the nature and purpose of Each fvnd Is Included In the notes to the financial Statements. Page 23 contlnued...
landmarks S eclalist Colle Notes to the Flnanclal Statements- continu for the Year Ended 31 Au U5t 2025 ACCOUNTING POLICIES- eontlnued Pension ¢trs ènd other post-retlrernent b¢neffts The charitable company cperates a definÈd contributlon pension scheme. Contributlons payable to the charltable company's penslon scheme are charged to the Statement of Flnanclal Actlvltle5 In the perlod to whlth they relate. Lfj•bllltloi and provlslons Liabilities are recognlsed when the Is an oblSgatlon at the 8alaTrce sheet date as a result of a past event. It Is probable that a transfer ol economlc beneflt will be requlred In settlement, ènd the amount of the settlement tan be estimated relSably. Liablllties are recognlsed at the amount that the 8roup anticipates it wlll pay to settle the debt or the amount It has recelved as advanced payments for the goods and services li must provide. Prov151on5 are measured èt the best estlmate of the amounts requlred to setile the obll8atlon. Where the effect tsf the tlme value of money is material, the provSslofi 15 based on the present value of those amounts. dlscounted at the pre-tèx discount rare that reflects the rlsks speclflc to the Il•bllity. The uThwindivg of the discount Is recognlsed wlthln Interest payable and slmllar charges. FlnaThcbal Snstrumenij The 8roup only has flnancial assets and flnancial Ilabllitle5 01 a klnd that quallfy ag baslc finaTrclal Instruments. Baslc financial Instruments are Inltially recognised at transactlon Value and subsequentty me35ured at thelr settlement value wlth the exception of bank loans whlch are 5ub5equently me•5ured at amortlsed cost Usln8 the effectlve rnethod. Employee b•n•ffts When employees have rendered servlce to the rharlty, short-term employee b*nefit5 to whlch the employees are enittied are recD8nlsed at the undlscounted amount expected to be pald in exchange for that 5ervlte. The chorlty Dperates a dellned contrlbutlon plan for the benellt ol Its employees. Contrlbutlons are empensed as they become payable. 8eneflts are also provlded to ernployees of the charity bythe Teachers. PensSon Scheme I"TP51. The TPS Is an unlunded scheme and contrSbutions are calculated so a5 to spread the cost of pensions over employees, worklng Ilves wlth the charity in Such 3 Wav that the pen51on cost Is a substantially level percentage of currenr and future pensionable payroll. The contributions are Oetermlned by the Government Actu4ry on the basis of quadrennlal valuations tssins a prospective unlt credit mÈthod. The TPS is a multl employer scheme and there is Insufficient informatlon available to Use deflned bEnefit accountln8. The TP5 Is therefore treated as a defined Contribution Scheme for a£counting purpo5e5 and the cDntrlbutlon5 recognlsed the perSod to which they relate. fjoln8 Concern The flnanclal statements have been prepared on a 80in8 conceTn bb515 a5 the Governors believe that mèterial uncert2intles exist. The Governors have consSdEred the level of funds held and the expected level of the Income and expenditure for 12 months from authorlslng these fln3ncial ststements. The bud8eted Income and ExpEndSture is sufficient with the level of resetves for the charity to be able to continue as a 8Ding cgncern and the latest managernent accounts show results are in excess of the budget and wlth a posltlve cashflow. Crttl¢al a¢countlng estlrnates and ar•as olludiÈment Estlmates and jud¢ements are contlnually evaluated and are based on hlstorlcal experlence and other factor5, Includln8 expettatlons of future events that are believed to be reasonable under the circurnstance5. Page 24 ¢oniinued...
Landrnar eclèllst Colle otes to the Flnanclal Statements- continy tor the Year End2d 31 AL¢ ust 2025 ACCOUNTING POUaE5- contlnued Uabllltles ind provlsl<>n5 Crltic31 atttsuntln8 estlmates and a55umptlons'. The charity makes estirnates and ès5UrnPtlons concernlng the future. The resulting accountlng estimates and ssumptions will, by definition, seldom equal the related actual results. There are no estimates and assumption5 that hève a si£nlf5cant rlsk of causing a materlal adlustment to the carrylng amount5 of assets and Ilabllities wlthln the next flnanclal year. Basls of con5011datlon The flnanclal statements consolldate the accounts of Landmarks Speclalist Colle8e and Its subsld13ry undertaklng, Landmarks Tralnin8 EntErprises Limited. The CDmpany ha5 taken advantage of the exemption Eontalned wlthln sectlon 408 of the Cornpanles Act 20J6 not to prEse#t its own Income and expendlture attount. The resuks of the 5ubsldlary are consolldated on a Ilne by Ilne basls. DONATION5 AND LEGACIES 2025 Total lundi 2024 Total funds Unre5trlcted fund5 Re5trlcted funds Donatlons 3.377 3.377 3,123 OTHER TRADING ACTIVITIES 2025 Total fvndi 2024 Totsl funds Unre5tTicted fund5 Re5trlcted funds Fundra151n8 event5 Archer Pub Income 741 205,870 216.681 Z16.681 216,681 216,681 206,611 INVESTMENT INCOME 2025 Total nd 2024 Total funds Unrestrlcted lunds Re5tricfed lunds Deposlt account interest 4,617 4.617 Page 25 corttlnued...
Landm eclallst Colle the Flnanclal Statements. ¢ontlnued for the Year Ended 31 A ust 202S INCOME FRIJM CHARITABLE AcnviTIES 2025 2024 Athbvlty Income received foT Educatlon servlces Grants Charltable activities Chèritable actlvltles 7.218,084 IOD.001 5,653,969 32.772 7.318.085 5,686,741 Grants recelved, Included Sn the above, are as follow5.. 2025 2024 Capltal grants loo ooi 32,772 RAISING FUNDS oiher tr•dlw 4cdvRI•s Z025 Total fvndi 2024 Total funds Unrestrlcted funds Restrlcted lund5 Tradlng costs Trèdln8 aCtlvhle5- Other costs 132,606 71.932 131,606 72,932 117,380 68.726 20S,538 X15.538 186.IC6 CHARITABLE ACTIVITIES COSTS 5uppoft ¢¢)sts (see Thote 81 Dlrect Costs Tota15 Charitsble actlvhle$ 6.645,750 4659¥0 Page 26 contlnued..
marks 5 edal o ihe Flnanclal Statement5- rontlnued for thÈ Year Ended 31 Au ust 2025 SUPPORT COSTS Govemance costs Charltablt a¢tlvltie5 13,8OtI IIET INCOMEIIEXPENDITUREI Net 1ncomel1expendre) is stated after ¢har¥in8llcreditlll81: 2025 2024 Depreclatlon- owned assets 554.7ZO 2S7,573 AUDrroRS' REMUNERAnoN 2025 2024 Fee5 payable to the charlty's audltor5 forthe aud5t of the charlty's flnanclal Statements 13000 ii. GOVERNORS, REMUNERATION AND BENEFITS Ourln8 the year. no Governors recelved any remuneratlon or other benetS(2024. £NIII. 60MOr$, expqTh Dur5n& the year, expenses were made to one GovernorsfDr general expense5 totslllng £26712024- £2511. 12. STAFF COSTS 2025 2024 Wa8e5 and salarles Soclal securlty Costs Other penslon costs 3,906369 397,976 217.119 3,393,231 288,932 197,012 4.521.464 3,B79.175 The averaEe monthly number of employees durinRthe year was as follows: 2024 147 Total 157 Page 27 contlnued...
La arks eclal es to the Flnan lal Statement5. ¢¢mtlnued forthe Year EndÈd 31 Au 11St 2025 STAFF C05TS- continued Th¢ number ol employee5 whose ernployee beneflts lemcluding employer pension cost51 exceeded £60.WOwas.' 2025 Z024 £90.001- £1,000 £ioo.ooi- £iio,000 Key management pefsonnel femuneratlon for the year Including Employers, Nl and Pension totalled E45S.497 12024: f 373,0511. The Governors conslder key mana8ement personnel to be the senloy leadershlp team. 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivinES UnTestTlcted funds Restrlcted funds Tot31 funds INCOME ANO ENDOWMENTS FAOM Oonatlon5 and le8acles 3,J23 3,123 Ch*rStabl• acllvltle5 Charltable actlvities 5.671,741 Is, 5,686.741 Other tradlni actlvhles Investmefit Sncorne Other Income 206,611 206,611 4.844 1,773 1,773 Totsl 5,888,092 15,OC 5,903,092 EXPENDrfuRE Ot4 Ralslng funds 186.106 186,106 CrItable •ttt¥itl•s Charitable aCtlIses 5.647.659 3,515 5.651.174 Total 5.833,765 3,515 5,837.280 NET INCOME 54.327 11,485 65,812 RECONaLIATION OF FUNDS Total funds brou8ht forward 1,845.530 12,055 1,857,585 TOTAL FUNDS CARRIED FORWARO 1.899.857 23.540 1.923,397 Page 28 ¢OnnUed...
Iks S edallst Colle Note to the Flnanclal Statemen - tontlnue for the Yeaf Ended 31 Au ust 2025 TANGIBLE FIXED ASSETS Group Freehold property Short Flxtures and leasehold ttings Motor vehlcles Totals COST At I Seoember 2024 Addition5 1,436,121 698,973 25.161 1,061,464 531,835 172.124 2.694.870 1,130.808 At 31 Au8USI 202S 2.135,094 25.161 1.593,299 172.124 3.925,678 OEPRECIAnON At I Septernber 2024 Charge for the year 442,035 138,862 9ASS 688.054 186.121 78,716 27.269 1,210.JZO 354.720 At 31 August 2025 S80.897 11.9ZJ B74,175 106.045 1.573.IMO NfT BfJoK VALUE At 31 August 2025 1,554.197 13,238 719,124 66,079 2.352.638 At 31 AuKu5t 2024 994,086 15,706 373,410 93,348 1,476,550 The freehold property15 Secured a$alnst the bank loans of the ¢haTIty. Ch•rlty FTeehold propertv Short Flxture$ and leasehold Motor vehicles Totals COST At I September 2024 Addltlon5 IN36.121 698.973 25,161 I56,383 531.211 171.124 2.689.789 1.230,184 At 31 August 2025 1135,094 25.161 1,587,594 In,iz4 3.919,973 DEPRECIATION At I September 2024 Charge forthe yebr 442,035 I382 9,455 683.096 185,666 78.776 27,269 1.213.362 35426S At 31 August 2025 580.897 11,913 86B.762 106.045 1.567,627 NETKIOK VALUE At 31 August 2025 1,554.197 11,218 718M3Z 66,079 2.352,446 At 31 Au8ust 2024 994,086 15,706 373,287 93,348 1,476,427 Page 29 contlnued...
andmark5 S 1 11st Colle otes to th Flnantlal StatemÈnts- contlnue fo the Year Ended 31 Au U512025 15. FIXED A55ET INVESTMENTS 2025 2024 LandrnarksTrainin8 Enterprises Limiteé The followln8 wa5 è subsldlary undertakln6 of the charltable ¢ompanv: Cornpany number Class ofshar•s Hold5n8 Landmarks Tralnln8 Enten)rSses Llmited 10374758 Ordlnary loo% Theflnanclal results of the subsldlaryfor the year were: Profft lof the year Name Income E•Nd11Ufe N•t •uets Landmarks Tralnlng Enterprlses LlmSted 216,681 1205,5381 11,143 9,406 16. STOCKS Group ZO25 Group 2024 Ch•rlty 2025 Charity 2024 8ar and food stock Farm 5tDck 4635 12,305 8,238 15,201 12,305 15,201 20.940 23,439 12,305 15,201 17. DEBTORS.. Amovmfs FALLING DUE WITHIN ONÉ YEAR Group 2025 Group 2024 Ch•TY 2025 Charlty 2024 Trade debtors ArnL)unts owed by group undertakln8$ Other debtors VAT Prepayments and accrued Income 101.998 69,519 101,998 28.379 11,938 35.653 165,S34 69,519 13,119 11,938 14.475 35,653 11.938 161,985 160,433 317.660 243,442 343ts02 255 009 Page 30 contlnued...
Lindmorks S eclalisl Notes to th Financlal Stale for the Yeaf Ended 31 A contln ust 2025 cREDoRS. AMOUNT5 FALUNG DUE WITHIN ONE YEAR Group 2025 Group 2024 Charlty 2025 Charlty 2024 Bank103ns and overdrafts (see note 201 Trade creditors Ta%atlon and social 5ecurlty Other creditofs AccTua15 and deferred Income 39,753 86,093 9,543 148,127 164N55 21,830 25,502 8.617 72,554 42.304 39,753 83.274 21.830 22.958 148,Z27 162.805 72,$54 41,053 447.671 170,807 434,059 158,395 19, CREDITOR5.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans (see note 201 1.268.123 824.851 An analy5 ol the maturlty of loans Is glveTh below.. 2025 2024 Amounts fallln8 due wSthln one yeaf on demand.. Bank overdrafts 8ank loans 1,241 38,512 I,ooi 20,829 39.7S3 21,830 Amounts falling between one and twoyears.. 8ank loans- L-2 years 41.492 22.SOI Amounts fallinB due between two and ff ve year5.. Bank loans- 2-5 years 194A28 109,588 Amounts falllng due in more than flve years.. Repayable by In5tèlmEnts-. Bank loans mofe 5 yr by instal 1.032.203 692,762 Loans were taken out during ihe prlor period to fund the acqui51tion of Enterprise Hou5E. Lltrfemoor House and Apperknowle Farm and the loan5 are secured ogain$t the propertles. Pège 31 tontfjnued...
arks S ed Olle Note t th Flnanclal Statements- contlnue tor the Year EndÈd 31 Au U5t 2025 21, LEASING AGREEMENTS Mlnlmum lease plyrnents under non-cancellBble operatlng leases fall due as follow5.. 2025 2024 wh1 one year Between one and five years 21,60Z 7382 40.055 17.224 57,279 Lease payment$ recognlsed as an expense the year totalled £102,91712024.. £100,066). MoveMENT IN FUNDS Net movement In lunds At 119124 At 3118125 Unre•trkt•d lunds General fund Sub51dlary Company Reserves 1,080.959 18,898 7DI,600 582.559 9,405 1,¥99,B57 692,107 591.964 R•strftted fundi savoy Kltchen Equlpment Grant Percy Bllton Beatrice Laln8Tru5t Bernard Sunley 9,165 5.750 3,833 13,0921 11.5001 11.0071 6,073 4,250 2.826 3.S42 16.691 TOTAI FUNDS 1923.397 685,258 2,608.655 Page 32 contlnued..
LèndMark5 to the FITh I St tements- rontlnued for thÉ Year Endeij 31 A st 2025 22. MOVEMENT IN FUNDS. ¢ontlnued Net movement In funds. Included In the above are as follows: Incomln£ resources Resources expended Movement In funds Unrestrlrted lund5 General fund Sub$ldlary Company Reserves 7.354.301 196.045 16,652.7011 1205.5381 701,600 19.4931 7.550,346 16AS8,2591 692.107 Restrlrted lunds savoy Kltchen EquSpment Grant Percy Bllton Beorri¢e Laln8Tru51 Bernard Sunlev 13.0921 I100) 11,0071 13.0921 11.0071 11.2501 60491 16,8491 TOTALFUNDS 6,865.0881 685.258 Comparate$lor movement In funds Net movement In funds At 119123 At 3118124 Unrestrlcted fundi General fund 5ubsidI3ry Company Re5ervES 1,835,268 10,262 45.691 8,636 1,880.9S9 18,898 1,845,530 S4,327 1,899.857 R•strkted lunds Savoy Kitchen f qulpment Grant Percy Bilton Beatrlce LalngTru5t Bernard Sunley 12,055 12.8901 5,750 3.833 4,792 9,165 5,750 3,833 4,792 12.055 11,485 23,540 TOTAL FUNDS 1,857,585 65.812 1,923.397 PaBe 33 continued...
arks S Colle the Flnanclal Statements- conilnue lor the Year Ended 31 Au USI 2025 MOVEMENT IN FUNDS- CDntlnued Comparatlve net movement in funds, Included In the above are as lollDWS'. In¢omlng re50urce5 ResDurces expended Movement In funds Unrestrltted funds GeTheral fund subdIary Company ReseThes 5,693,3SO 194,742 15,647,659) 1186,1061 45,691 B.636 5.888.092 15.833,7651 54,327 Pestrlcted funds Savoy Kltchen Equlprnent Grant PEfCy 8llton Beatrlce Laing Trust 8ernard Sunley 12,8901 12501 11671 12081 12,8901 5,750 3.833 4,792 4,000 s,000 15,OCh) 3.5151 11,485 TOTAL FUNDS 5.903,092 5 837.2801 65,812 A £urrent year 12 months and proor year 12 months tomblned posltlon Is as follow5.. Net movement In fund5 At 119n3 At 3118125 Unrertrlrted funds General fund Subsldlary Company Reserves 1.835,268 747,291 2,582,559 9.405 1,845,530 746,434 2,591,964 R•strlcted lunds Savoy Kitchen Equlpment Grant Percy Bllton Beatrlce Lalns Trust Bernard Sunley 12,055 15,9821 4,250 2.826 3,542 6,073 4,2SO 2,826 12,055 4.636 16,691 TOTAL FUNDS 1,857,585 751070 Page 34 continued...
Land eclallst Coll the Flnanclal Statements. ¢ontlnued for the Ye•r Ended 31 A ust 2025 MOVEMENf IN FUNDS. ¢ontSnued A current year 12 month5 and prlor yeaf 12 rnonths combined net movement funds. Included the above are Is follows.. Incomlng resources Resources expended Movement in funds Unrestrl¢ted funds General fund Subsldlary Company Reserves 13,047,651 390.787 112,300,360) 747,291 1391,6441 8$7) 13,438,438 112,692,004) 746,434 R•%trlct•d lunth Sa¥oy Kitchers Equlpment Grant Percy Bilton 8eatrlce Lalng Trust Bernard Sunley IS.9821 11,7501 11,1741 11,4581 15.9821 4.2SO 2,826 3.S42 6,CilO 4,000 5,oao 15,000 110.3641 4,636 TOTAL FUNDS 13,453,438 112.702.3681 751,070 savoy Kltchen Equlpment grant Grant recelved to fund the purthase of kltchen equlpment tor Phoenlx House. Percy Bllton Grant recelved to fund the pur£hase of a new van forthe college. Beatrice Laln8 Trust fjrant received to fund the purchase of a new van for the college. Bernard Sunley Grant received to fund the purchase of a new van for the college. 23. RELATED PARfi OISCLOSURES The tharitèble company owns l(M)% of Its 5ubsldlary Landmarks Tralnin8 Enterpr15e5 Llmtted. Durin8 the yeai, expenditure was recharged 01 £66,545 to the subsidiary cornpany12024-. £24,969) for audit, accountancy, repalrs and Stock purcha5e5. At the year end amounts totalllng £28,37912024.. £13.1201 are induded withln debtors ¢)wed to the parent cornpony. No amounts were wfltten off durlng the perlod, and no amount was oLtandIng at the year end. Page 35
arks S ec4allst Colle tall d Statement of Flnanclal Artlvl lor the YEa¥ Ended 31 Au ust 2025 2025 Total funds 2024 Total funds Unre5trlrted funds Restrlcted funds INCOME ANO ENDOWMENTS Donatlons •nd le£•cles Donatlons 3,377 3377 3.123 Other trodln4 •ttfvltles Fundr3151nB events Aher Pub incorne 741 205,870 Z16.6BI 216 681 216.681 216,681 206,611 In¥estm•nt Income Oeposlt account Interest 4,617 4,617 4.844 Ch4r5tabl• adlvltl•s Incorne recelved for educatlon servlces Grants 7,218,084 i•o,ooi 7.218,084 100,001 5.653,969 32.772 7,318,085 7.318.085 5.686.741 other Incom• Other Income 7.586 1,773 Tot•1 IncomSn8resourt•i 7.550,346 75046 5,903,092 EXpENDURE Other tradln¥ artly1•S Tradlng Costs Trading actlvltles- other costs 132.606 72.932 132.606 72,932 J17.380 68,726 205.538 205.538 186,106 Chirltable 4cthiStles Waees So£lal sÈturlty Pensions Rent and rates Insurance Ll8ht and heat Carried forward 3,906J69 397.976 217.119 77,386 77.182 108.791 4.784.823 3.906.369 a97,976 217.119 .386 77.182 108,791 4.784.823 3,393.231 288,932 197,012 139,S86 57.501 56,436 4,132,698 This page does notform part of the 5talUtory financial statements Page 36
Land S eda115t Col DetallÈd Statement of Flnancial forthe Ye*r Ended 31 Au ust 2025 es 2025 Total fund5 2024 Total funds Unrestrlcted funds RÈstrlcted funds CrtsIe artlviilos Brought forward Telephone P05ta8e ahd statlonery Advert151ll Sundries 8enEflciary E05ts Repalfs and renewa15 Mlnl bus and car expen5e5 Travel aThd 5ubslstente Stafl recrultment Cleanlng Staff trainlng Legal and professlonal Speech and lan8uaie tontrart Teachln8 and support Costs Bank char8e5 ank loan Interest Fteehold property Short IEasehold Flxtures and Ilttln85 Motor vehlcles 4,79413 54,9ZO 96,329 54 35N77 30S,103 339.245 63.991 96.342 65.085 61,887 87.658 72.041 86,912 10,866 11.524 66,867 138,862 2A66 174,779 Z7,893 4,7.123 54.920 96,329 54,830 35.477 105,103 339,245 63.992 96,342 65,085 61,817 87.658 72,041 86.912 10.866 12,524 66.867 138A62 2,466 177.871 31,650 4,132.698 48,848 83.909 58.208 45,684 288,896 133,296 63,724 71,461 6S,576 54,042 59,613 76,524 105,519 25,538 909 66,256 96.779 1,276 135,035 24,483 3,092 ,757 6,638,901 6,849 6.645.750 5,638,274 Support cortx Governance costs Audltors, remuneraiion iJAoo 13,800 12,900 Total resources expended 6.858,239 6,849 665,088 5,837,280 Net Incomq 685,258 65,812 This page does not form part of the ststutory financial Statements Page 37