REGISTERED COMPANY NUMBER: 03174367 (Englgnd and Wales) REGISTERED CHARITY NUMBER: 1054300 REPORT OF THE TRugfEES AND AUDITED FINANCIAL sfATEMENTS FOR THE YEARENDED 31 AUGUST 21)25 FOR CHARTER&ANCASTER COLLEGE {1995) Ad Valore]n Audit Services Limited Chartered Certified Accountants & Statutory Auditor5 2 MOr Farn1 Court Old Wolverton Road Old Wolvenon Milton Keyne5 8u¢kinghaTh5hire MK12 5NN
CHARTFRS-ANCASTER COLLEGE {1995) CONTENTS OF THE FINANCIAL STATEMEps FOR THE YEAR ENDED 31 AUGUST 2025 Pgge Referenee and Admlnktratlve Detoib Report of the TteeS Report of tht Independent Audltors Statsment of FlngDci81 A¢tfvl¢h¢s 10 Ststsment of Financial Positio 11 to 12 ststement ofC4$h Flow$ 13 Notes to the Ststement of Cash Flow8 14 Not¢s ¢0 the FlnAllei*l StsteAneDts IS to 22 Detailed Statement of Financial ActTVities 23 10 24
CHARTERS-ANCASIER COLLEGE (1995) REFERENCE AND ADMINISTIL4TJVE DETAILS FOR THE YEARE]YDED 31 AUGUST 2025 TRUSTEES Mr M S Crump (Chartered SuFv¢yorl Mr D Young {Rctire4J Chaimian) Mrs S Norn)an {Speech And Language Therapist) Mrs F J Kellett {Ac¢ountant) Mrs N Crump (Reiired Teacher) J N Cole {PriThcipal Lecturer) COMPANY SECRETARY Mr M J Crump BUSINESS ADDRESS Woodsgate Park and Gunter's Lane Bexhill on Sea East seX TN39 4EB REGISTERED COMPANY NUMBER 03174367 (England and Wa]¢5) REGISTERKD CHARITY NUMBER 1054300 AUDITORS Ad Valorem Audit Servi¢es Limited Chartered Certifjed A¢¢ountants & Statutory Auditors 2 Manor Farni Court Old Wolverton Road Old Wolverto Milton Keynes Buckinghamshire MK12 SNN SOLICITORS DKLNI Solicitors City House 3 Cranwood Street london ECIV 9PE AccouFrfANTS Acuity Professional Parthership LIP Unit 2.02 High Weald House lover5 End Bexhill on Sea IN39 SES Page I
cHARTEANcAsTER COLLEGE (1995) REPORT OP THE TRusfY,ES FOR THE YEAR ENDED 31 AUGUST 2025 The trnsttts who are also direetors tsf the charity for.the purpose5 of the Companies Act 2006, present their report with the financial Statements of the charity for the year ended 31 Allgust 2025. Th¢ trust¢cs have adopted thc provisions of Accounting and Reporttng by Charities: Statement of Recommended Pra¢ti¢e appli¢able to Ghariti¢s prepaTing their accounts in aordanCe with th¢ Finan¢ia].Reporting Srandard applicable in ihe UK and Republic of Ireland (FRS 102) {¢ffe¢tive l J8nu8ry 2019). 0ECr1vEs AND AcnvmES Objectlves and almg The obj¢¢tlVe5 of the Nursery are the advancement and education (ittcluding social and physical wellbeing) of children from 6 months old and up to 5 years of ase, and in particular through the provision of a charitable day nursery ac¢e$5ibl¢ io paret)ts and ¢hildTrn from all Sla1 groups, r¢ligious p¢rsu8sion8 and ethnicities. In Setting our objectives and planning our a¢tiviti&%, the Coun¢il have giv¢n ¢ar¢ful consideration to the Charity Commission's general guidance on the public beneflt re4uirem¢nt as d¢fin¢d in s¢ction 4 of th¢ Charities Act 2006, in particylar to its supplernentary public benefit suid8n¢c on adYan¢ing education and on fechargIttg. Our key objethives for the yw in¢lud¢'. To enhance and improve the quality of th¢ Nursery'5 provision in all areas: including the requirements of the Eorly YeaT5 Foundation Stage and Safeguardin8 considerations In addition, to provide opportunities for ihe Qhildreffi to experiertee a broad range of activities including For*t S¢hool. French, Balance ability ei¢ To optimise pupil nutnbers - To continue to recruit and train quality staff - To play our pArt in the life of our loca] community Page 2
CHARTER&ANCAsfER COILEGE (1995) REPORT OF THE TRUS'I'EES FOR'fHE YEAR ENDED31 AUGUST 2025 STRATEGIC REPORT Achievern¢nts and performance Charitable #¢tivitie5 ACHEVEMENt AND PERFORMANCE Charter5 Ancastrr Nursery and Forest School cotLtinue5 to be an environment where children can develop and learn through play. and wh¢r¢ ¢hildr¢n. parents and staff are involved in a uniqu¢ family a1mosphere. This happy and produclive tnvironment has been ¢r¢3ted by the engagement and 5UPPOrt of committed staff and the manag¢m¢nt te8m we have in place and I would like to thank them for all their support and hard work. Th¢ ¢hildrert contittue to benefit from access to a wide range of activiti¢5 in rtsp¢rt of outdwr activities ittcluding forest school, active play, acce5S to an all-weather pl&y area and extensive grounds and garderts. The focus has been on bringing additional nursery pupils in order to grow the business from within. Creativity such as musica] activities, dance, and roleplay continue to be enjoyed. The nursery ha5 grown nurnbe aTMI now has c 200 children otl the role. Financi performance has improved with a turnover of £1,393,842 for the YE Au¥ust 2025 lup from £987,762) thou¥h costs also rose for the year from £l.011,927 to £1,188,486. Nevertheless, this represents an improvement in fjnancial performance. All financial surplus w&s r¢turn¢d to the nursery via expenditure ID the fabric of the building and resources. In 2021 th¢ nursery achi¢ved an outstsnding rnting across all areas from OFSTED. COMMUNITY SERVICE Charters Allcaster Nursery eontinues to assist th¢ ¢ommut)ity where possible by tskin8 Studet)ts from local s¢h(K>ls and colleges to gain experKence in the Nursery. The Nursery continues to fundraise for a variety of local and national Charities including Si. Michaels Hospice. Comi¢ Relief, Children in Need. and local charities chosen each yeox. The parerttlcar¢r and 5tsff group CAF {Charters Anc&st¢r Friends) continues to nJn su¢¢¢ssful Summer and Christm&s Fair5 which ar¢ enjoyed by the childn. EDUCAIIONAL DEVELOPMENTS The on-line L¢aming Journey and Assessment tool "Fatnily" which w&s introduced lasi year continu¢s to be a great suocess, being prefeTTed by staff members and welcomed by parents as they can also contribuie and access thetr child's learning Journey on-line if they wish while stsff and maaagement can monitor progress and improvements in accordance with D¢velopmeni Matters advisory dUMentS and th¢ Early Yeats Foundation Stage Government requirements. MARKETING The w¢bsit¢ has enhanc¢d our maTketing capabiliiies and also the u5¢ of Facebook Ènd Instagrom. which are user friendly for staff, parents wjd prospective par¢nts and lets them know what is going on and a]low them to comment on the nursery. This y¢ar w¢ have seen 8reaier ¢ngagemenL Re8ular n¢wsletters for parents and staff keep them informed of a¢tivities. A simplification and chang¢ in the fee 5trncture irt litie with other Nurseries has incre&8ed the competitiveness and attractiveness of the nursery package to par¢nis alon¥ with the Forest School and superior Nursery enviroajment. Non-payets have been reduced to a minimum and pursued or excluded. NURSERY The nursery ¢oniinues to flourish a¢ross all age groups. A new Nursery Manager, Susannah Crump, w&$ appointed in 2022 who has made an im]nediate impo¢t in t¢mLS of the manag¢ment of the nursery. During the last year there haye been several challenges with staff off work due to rnatemity leave, injury, ill-health. or shielding in line with Statutory requirements. This has caused diffJculti¢s in rnaintaining ¢hild/staff rati05 but by judicious management> ¥oodwill from staffj new staff being engage(L long hours for stsrne and hard work. the Senior Management Team have managed again to keep th¢ Nursery functioning effectively. Page 3
CHARTER&ANCASTER COLLEGE (1995) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Th¢ foddl¢r 8roup 'Catktns' op¢rates from the Wallis Hall to ailow for more space and greater numbers of parents and children to attend. This is very $ue¢¢ssful and now ot ftsll ¢apa¢ity. The Forest S¢hotsl toddler gtOUP continues to be a great success. Fi8claI revlew FmAncial position Nursery numbers have'grown throughout the year alld the Director5 are confident we can look forward to a seeure future. Reserves polley Expenditure in the year is carefully managed to support the key objectives of the Charity, as described above. It is th¢ policy of the charity to mainiairi sufficient unrestrided funds, whi¢h ar¢ tbe free reserves of the eharity, at a level that allows the ch¥ity to be Maned efficiently and to provide a buffer for UnInMIPted ser¥ic¢s. The Trustee5 continue to review th¢ three-year Strategy document 'Forward Together" on'an ot)-going basis. Unrestricted funds total £167,628 forthe year. PRINCIPLE FUNDtNG SOURCES The main cUrrIng souree of ineome.is from llursery fees and nurs¢ry grani from E4# Sussex. Total incom¢ of £1,357,221 was received from this source. Th¢r¢ w¢r¢ TLQ domtions and fund-raisillg inwme rthived during the y¢aT. EXPENDITURB Expcnditure incurred Telated io the expenses of the establishment and operatton of the nurs¢ry. The major item of expenditure is Staff shlaries. S¢rvice5 have been provided to the ¢harty without ¢harge by a number of members and other people. The s¢rvt¢es provided by volutrtecrs are not in¢liid¢d in the 0ullts. These are gratefiklly acknowledg. FUNDS fN DEFICIT Ongoing overhead5 will b¢ reduced in thc coming years, with the le&%e being fully d¢pr¢¢iatel soing forward positive reseTh¢s are therefore expected to be geD¢rated. Future plAns The D]rtorS will continue to work towards MlmuM viable occupancy facilitate the growth and contirtued take up of nursery plaLes particularly by taking more under 24 and by marketin8 the excellent facilities we enjoy on Site. We will.wntinue lo seek to a¢hi¢ve even, better levels of suecess in respect of the Early Years Fouttdation Stage, to eontinue to make Charters An¢asterNursery and FOSt School a caring and loving place for our children and to prnvide &8 widé a rang¢ of oprrf)rnmiti¢s for learnins, drvelopment and play a5 possibl¢. STRucfiiRE, GOVERP4ANCE AND MANAGEMENT GowerniDg doellment Th¢.chaTity is ¢ontrolled by lis governing documen( a deed of trll, and ¢onstityt¢s a limited ¢ompony, limited by guarantee, a5 defined by the Compathies Aet 2006. Page 4
CllARTEANCASTER COLLEGE (1995) REPORI. OF THE TRUSTEES FOR THE YEAR ENDED 31 Aucusf 2025 STRUCIiJRE, GOVERNANCE AND MAF4AGEMENT Risk manjgwhent The trustees have a duty to identify and review the risks to which the ¢harity is ¢xposed and to ensure appropriate controls are in place to PTovid¢ r¢asonabl¢ sUraNce against fraud and error. Risks are identifjed, ass¢5sed and controls ¢5tabli5hed throughout the year. Th¢ key eontrols used by the charity include.. - clearly defined responsibilities for each council Tnetnber. . sttai¢gi¢ planning, budgeting and managem¢ni cOunting,. - esiablished organisational s¢rn¢tur¢ and lines of reporting- . Vettittg procedures as required by law for the protection of the vulrterable. Through the risk managemeni pro¢¢ss¢s established for the charitable Mpany, th¢ council are satisfied that the major risks identified have been adequately mitigaied wh¢r¢ ne¢¢ssary. li is recognised that systems ¢atL only provide reasonable but llot absolute assuraThce that major rhsks have been adequately m4nag¢d. Appointment of trustees Trustees are elected in accorilan¢e with the directive as set in the Articles of A550¢i*ion. STATEMENT OF TRUSTEES, RESPONSIBILITIES Th¢ tTUSt¢¢s (who are also the directors of Charters-An¢aster College (1995) for the purposes of ¢ompany law) ar¢ responsible for prcparing the Report of the Tru$t¢es and th¢ financial Statements in a¢¢ordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Ac¢¢pt¢d A¢coulltlll8 Practice) including Financial Rewrting Si8ndard 102'Th¢ Financial Reportimg Standard applible in the UK 2nd Republie of Ireland.. Compathy law requires the trustees to prepare fjnanrial statements for ¢ach financi year. Und¢r ¢hat law, The trusttts have elected to prepare the financial statements in accordance wtth United Kingdom G¢nwally A¢¢epted Accounting Pra¢ti¢e (United Kingdom Accounting Siandard5 al applicable law). UndeT company law the trustees mllst not approve th¢ finon¢ial statements unless they 8re satisfied that they give a mje and fair view of the state of affwrs of the charitable Company and of the incoming r¢source5 and application of resources. including the inwm¢ and expertditure, of the charitable Company for that period. tn preparing those financial stateinents. the irustees are required to select suitable aco)unting w>lici¢s and then apply them consistently.. observe the tnethods and principles in the Charities SORP. make judgements and estimates that reasonable and prudent,. State whether applicable accounting siandard5 have been followed. subject to any materia] departures disclosed and ¢xplained ill th¢ finan¢ial statements. prepare the financial statements otl the 80ing nCern basis unless it is illappropriate trp presume that th¢ ¢haritable Company will con¢inu¢ in busine5S. The trustee5 ar¢ responsible for kEeping proper accounting r¢wrds which disclose with sOnable accuracy at any time th¢ fjnancial p051tion of the charitable company and to enable them io ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of ihe charitable company and hence for taking re&sonable steps forthe prev¢ntion and dete¢tion of ftaud and oth¢r irr¢gularities. STATEMENT AS TO DISCLOSURE OF If4FORMATION TO AUDITORS So far as the trust¢¢s are aware. there is no leVant infomiation las defined by Section 418 of the Companies Act 2006) of which the ¢haritabl¢ wmpany's auditors are unawaY¢, and each trustee he$ takert all the steps thai they ou8ht to bav¢ taken as a trustee in order to make them aware of any audit inforjnation and to ¢stablish that th¢ charitable company's auditors are awar¢ of that infomiation. AUDITORS The auditors, Ad Valorcm Audit Services Limitelt will be pro¥KTrsed for re-4)wintment at the fi)rth¢oming Annual G¢n¢rnl Meeting. Page 5
cHARTEANCASTER COLLEGE (1995) REPORT OF THE TRUSTEES FOKTHL I'EAR LNDED 31 AUC.UST21125 Report of the trustees. inco diTe¢tors, on.... rdting a strategie reporL appri)ved by order of the board of trust¢es, as the company 2Q26.-.Q.5.-.2¥................ and signed ¢)n ihe E#)ard's behf by.. Mik8 C*th¢ Mr M J Cn]mp- Trustee Page 6
REPORT OF THE INDEPENDENT AUDrroRS TO THE TRusfEES OF CHARTER&ANCASTER COLLEC.E (1995) Opinlon We have audited the financial statements of Charters-Ancaster College11995} (the 'charitable company.) for the year ended 31 August 2025 whi¢h ¢omprise the Statement of Financial Activitics, the Statement of financial Position. the Siatcment of Cash Fltsws and not¢s to the financial stat¢ments, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparatkon is applic&ble law and United Kingdom A¢counting Standards (UAited Kingdom Generally Accepted Accounting Pmticel, including Fitwi¢ia] Rewrting Siandard 102 Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the finan¢ial swtements: give a true and fair view of ihe sthte of the charitable company's affairs as at 31 August 2025 and of its incoming resour¢es and appli¢ation of resources, in¢luding its income and expenditure, for the year then ended,. have been properly pr¢pa in a¢eordan¢e with United Kingdom Generally Accepted Accounting Praetic< including Financi31 Reporting Stattdard 102 Th¢ Finath¢ial Reporting Stsndard applicabl¢ in the UK and Republic of Ireland.; and have been prepared in a¢cordan¢e with the requiremeths of the Companies Act 2006. Bgsis for opillion We conducted our audit in accordance with International Stw)dards on Audiling (UK) IISA5 (UK}) and applicable law. Our responsibilitie5 under thos¢ sthndards are further described in the Auditors, resrK>nsibilities for the audit of the financial statemenis section of our report. We are independent of the Charithble panY in accordance with the ethical r¢quirements thai are releva]]t to our audit of the financial sthiements in the UK. including th¢ FRC'S Ethi¢ai Statjdard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believt that the audit eVid¢ll w¢ have obtaind is suffici¢nt atjd appropriate to provide a basis for ouropinion. Conclusion$ rel#tlng to golng eoneerD In auditing ihe finan¢ial state]nents. we have wncluded That the trusttts, use of the going concern basis of accountin8 in the preparation of the fmanci21 $tal¢ments i5 appropriat¢. Based on the work we hav¢ performed. we ha not identified Any material uncertainties relating to events or conditions thaL individually or coll¢¢tively may cast 5ignifi¢ant doubt on the charitable ¢ompany's ability to continu¢ as a going concern for a period of at least twelv¢ months from when th¢ fJnanGiai statements are authori5ed for issue. Our respon$ibiliii¢s and the responsibilities of the tru5tee5 with respect to going concern are described in the r¢l¢v8nt sections of this report. Otber inform#tio The tru5tt¢s are responsible for ihe other infomiaiion. The other infonnation comprises the inf0m110n included in the Annual Repor¢ other than th¢ financial statements and our Ryrt of the Endep¢ndent Auditors th¢r¢on. Our opinion on the fancial siaments does noi c4)ver the other inforniation and, except to the extent otherwise explicitly staled in our ieport. we do not express any form of assuTrnce conclusion thereon. In connection with our audit of the financial statements. our respon$Jbility is to read th¢ other information and, io doing so, consider whether th¢ other infonnaiion is maierially inconsistent with the financial st2temeTLts tsr our knowl¢dge obtained in the audit or otherwise appears to be materially misstated. If we identify such rnaterial inconsisten¢ies or apparent material misstatemEllts, we ar¢ required to detcrniin¢ whether this gives rise io a material misstatement in the financial SLltemertts therll5elves. If. based on the work we have p¢rfornied, we conclude that there is a material misstatem¢ni of this other infomjation. we are requirrd ttb rqrt that fact. We have nothing to rqK)rt in this regard. matte OD which we are requlred to report by exception W¢ have nothitsg to reEKrt in respe¢t of the following matters where th¢ Charitles (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opiniot).. the inforniation Ven in the Repkn Of the Trustees is inconsistent in any material r¢spe¢t with the financia] staiements. or the charitable company has not kept adequate accounting r¢cords.' or the financial statements are not in agre¢meni with the a¢¢ouniing records and returns. OT we have not received &ll the infomhation and explanations we requir¢ forour audit. Page 7
REPORT OF THE INDEPENDENT AUDoRs TO THE TRUSTEES OF CHARTER&AP4CASTER COLLEGE (1995) Responsibilities of tnpstees As explained mor¢ fvlly in the Statement of Trustees, Responsibilities. the lrnstees {who are also the d1ctOrS of the ¢haritoble ¢ompat]y for the purposes of company lawl are responsible for the preparation of the finan¢ial statements and for satisfied that they give a trve and fair view, and for such int¢rnal conlrol as the tnstees determine 15 necessary to ¢nable th¢ prepardtion of finan¢iai statements that ar¢ free frotn material misstatement, whether due to fraud or etTOr. In preparing the financial statements, tbe trllstees sre responsible for assessing th¢ charitable ¢ompany's ability to continue as a going concern. disclosing. as applicable. matter5 related t(} going concern and u8ing the going concern b&si5 of accounting unle55 tbe trustees either intend to liquidate the charitable company or to cease operations, or have no realÉstic alternative but to do so. Our respon$ibilities for the Audit of the finanei41 statememts We have been appointed &s auditors under Sedion 144 of th¢ Chartties Aet 2011 and report in aecordance with the Act and relevani regulations made or bavitig effect thereunder. Our objectives are to obtain reasonable a5suran¢e at wh¢ther the financial statements as a whole are free frorn material mi5Staternent. whether due to frdud or error, and to issue a Report of the Independent Auditor5 that includ¢5 our opinion. Reasonablt assurance is a high l¢v¢l of assurance, but is not a 8uarantee that an audit Conducted in accordance with ISAS (UK) will Alw&ys det¢¢t a material misstatement when it exi51s. Misstaiements ¢an arise from fraud or error aThd are considered material if, individually or in the a88regate, they could reagonably be exp¢cted to influence the etonomi¢ decisions of users tak¢n on the basis of these finan¢iaJ statements. Th¢ extent to whieh our procedures are ¢apabl¢ of detectin8 irregularities. including fraud is detailed below: We were engaged to auditthe financial statements for current year figures. W¢ have a55e$5ed the susceptibility of the entity's financial 51tem¢nts to material misstatem¢nt, includin8 how fraud might w¢ur, as low by way of enquiry, prior knowl¢d8¢ and currentyear analytical review and testing. We have enquir¢d,with rnanagcmeni and those Charged with governaD¢e to obtain an understsnding of the legal and regulatory framework applicable to the ¢ntity and. through our audit t¢stin& our fjndings hawe eonfinned that the entity is Complying with the relevant frameworks. We hav¢ ¢nquired with management and those charytd with gov¢manc¢ to obtain an understanding of the entity, policies and'procedures relating to ¢ompliance with laws and regulations. Through our testing. we have reviewed all relevant documenlaiion aftd cottfjmi that there have be¢n no instances of non- wmpliance. Through enquiry. anal1¢11 Jrview and substantive testing.we have obtained an understsnding of the entity'8 policies and predureS on fraud risks, including knowledge of any aciual, suspected or alleged fraud. We have ¢onfimed that the engagemem 8m collectively had the appropriate comp¢ten¢e and capabilities to identify or rewgnis¢ non-compliaD¢e with laws and regulation5 and froud List¢d above is the ¢xtent of procedurts we have tsken to detect material misstat¢ments in resp¢¢t of irr¢gu]arities, in¢luding fraud. to which we have found no insthn¢¢s. Because of the inber¢Dt limitation5 of an audit, there is a risk that we will not deteot all irregularities, including thost leading to a rnaterial misstatement in the fJrtancia] statements or non-compliance with regulation. This risk incre5 th¢ ]nore that coMpli¢e with a law or regulation is removcd from th¢ events and transactions refle¢t¢d in the financial statements, as we will be less likely to become aware of instances of non-¢ompliance. The risk i5 also greater re8arditLg irregularities oc¢urring due to fraud rather than erTr)r, a5 fraud involves it)tentional concealment, forgery, collusion. omission ormisrepr¢sentation. A further description of our re5w)nsibilities for the audtt of the financial statements is locat¢d on the Finan¢ial Reporting Council's websit¢ at www.fr¢.otE.uWaudTtor5responsibiliti¢s. This description fom)$ part of our Report of th¢ IDdependent Auditors. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRusfEES OF CHARTER&ANCASTER COLI,EGE (1995) Use of our report This report is made solely to the charitable company's trustces, as a body, in aw)Tdanc¢ with Part 4 of th¢ Chariiies (Accoullls and Reports) Regulations 2008. Our audit work has bccn undertakek so that w¢ might slate io the chariiabl¢ company's trnstces those matters we are required to state to them in auditors, re]x)rt and for no other pur]K)se. To the fullest ext¢nt perniitted by law, we do not accept or SUme responsibility anyone other than the eharitable company and the charitable company's tru5t¢es a5 a body. for our audit work, foi this repo¢ or for the opinions we have fom)ed. for and on behalf of Ad Vaiorem Audit Services Limited Chartered Certified Accountants & Statutory Auditors Eligible to act &5 an auditor ID terms of Section 1212 of th¢ Companies A¢t 2(K)6 2 Manor Farn Court Old Wolverton RoAd Old Wolv¢rton Milton Keyn¢$ Buckinghamshire MK12 5NN IL Page 9
CHARTER&ANCASTER COLLEGE (1995) STATEMENT OF FtNAf4CIAL ACTIVITIES (1Tr4CORPORATING AN IP4COME AND ExPENDURE ACCOUPffj FOR THE YEAR ENDED 31 AUGUST 202S 2025 Totsl funds 2024 Total fund5 Uttrestritied rurtd Rtstrieted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 28.627 28.627 272 Ch&ritable #etivities Nursery and For¢st Sthool la57221 lJ57321 977,891 Investm¢nt income 7S94 7.994 9.599 TDtsI lJ93J42 lJ93 2 987 762 EXPENDITURE ON Chgritxble activities Nursery and Forest School 1,188,486 1.011.927 NET INCOMEI(EXPENDITURE) 205J56 205,356 {24,165} RECONCILIATION OF Fuf4DS Total funds brought forward P7,728) (37,728) (13,5031 TOTAL FUNDS CARRIED FORWARD 167 628 167 628 37 728) CONTINUING OPERATIOIYS All income and expenditure has arisen from continutng activities. The no*s form part of these financial ststements Page 10
CHARTER&ANCASTER COLLEGE (1995) srATEMENT OF FINANCIAL posrrioN 31 AUGUS'I 2025 2025 2024 Notes FIXED ASSETS Tangible assets 9272 8,852 CURRENT ASSETS Stock5 D¢btors Cash at bank and in hand 12 13 644 7,055 214620 11,375 222a19 82,259 CREDrroRS Amounts falling due wthin one year 14 (63,963) {44.257) NET CURRENT ASSETS 158 38.002 TOTAL ASSETS LESS CURRENT LIABILITIES 167,628 46.854 CREDITORS Amounts falling du¢ after more than on¢ year 15 (84,582) NET ASSETS 167 628 FUNDS unstrIded funds 19 167,628 37.728) TOTAL FUNDS 167 628 37,728) The members have not d¢posited notice, putsuant to Section 476 of the Companies Act 2006 reqviring an audit of these fJnan¢iaJ statements. The trustee5 acknowledge th¢ir responsibiliti¢s for (a) ensuring that the chariiable COTnpany keeps accounting records th* mplY with Sections 386 and 387 of the Con]panies Act 2006 and preparing finan¢ial statements which wve & true and fair view of th¢ state of affwrs ofthe charitabl¢ company as at the end of each flnancial year and of its surplus or deficit for each financial year in accordan¢e wilh the requirements of Sections 394 and 395 aDd which otherwise comply with ihe requirements of the Companies Act 2006 relaiing tt> financial Statements, so far as applicabl¢ to the charitable company. {bl These financial stst¢ments have be¢n wdited under the r&]uirements of S¢¢tion 145 of th¢ Charities Act 2011. 5tatem¢nts were approv¢d by th¢ Board of Trustees and awhorised for i$su¢ on . and were signed on its behalf by.. The notes fom] part of th¢5¢ financia] statements Pagell ontinued...
CHARTER&ANCASTER COLLEGE (1995) STATEMENT OF FINANCIAL posrrioN- CODtlnued 31 AUGUST 2025 Mike Cpttw 1_ 4E 44 GMT+1 Mr M J Crump- Truste The notes fom part of these financia] siatem¢nts Pagr 12
cHARTEANCASTER COLLEGE (1995) STATEMEN"r OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Notes Cash flows from DperntlnE aetlvhles Cash genera¢¢d from op¢rations Interest paid Finance rost5 paid 213012 (960) 44,764 (1.295) 12.5601 Net cash prtsvided by operating activities 210946 40.909 Cash flow5 frorn investillg #rtivities Purchase of tangible fixed assets 02 2.310 Net CAsh used in investing a¢iiviti¢s 2.310) CAsh flows from flR8Deing 4cllvi¢les Loan repayments in year 8,300 Net ¢8sh Used in financing activities 63 8.300) Change ¢a5h and cAsh equiv#leThts i the reporting period C&8h and cash equiv#lents at the beginning of the rewJrtiDg period 143,736 30.299 70884 Cash and CAsh equivalent$ at the end of the portIng period 214.6211 70.884 The ntsfr5 fom) part of th¢5¢ financial statements Page 13
CHARTER&AP4CAsfER COLLEGE (1995) NOTES TO THE sfATEMENT or CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 RECONCILIATION OF NET INCOMEI(EXPENDtTURE) TO NET CASH FLOW FROM OPERA TING AcfiviTIES 2025 2024 Net incom¢l{expenditure) for the reporting period (as per.the Stgtement of Flngnelal Actlwlties) Adjustments for: Dep.reciation charge5 Eni¢r¢st paid Finance costs Increase in stocks D¢¢re&8e in debtors (De¢reaseyincrease in creditor5 205J56 (24.1651 2082 960 1,906 (644) 4J20 2.482 1.295 2,560 47.825 Net ¢4$h provided by operations 213812 ANALYSIS OF CHANGES IN NET (DEBTYFUNDS At 1.9.24 C*sh flow At 31.8.25 L¥¢t C at btink'and in hand 143736 214 6211 214620 ,Dtbt Debts falling due withit) l year Debts falling due after l year (2O,674} 84 (20,674) 84 Total 207 644 The Ttthes forni part of these financial Statements Page 14
CHARTER&ANCASTER COLLEGE (1995) P40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2025 ACCOUNTING POLICIES BASIS OF PRKPARIIYG THE FINANCIAL STATEMENTS The finan¢iai staiemenis of th¢ charitable company. which is a public benefit entity under FRS 102, have b¢en prep#red in a¢¢ordattc¢ with the Charities SOiiP (FRS 1021 'Accounting and Reporting by Charities.. Statement of R¢commended Practice applicable to charities preparin8 their accounts in accord?¢¢ with the Financia] Rqx)rting Standard applicablc in the UK and Republic of Ireland (FRS 102) (effective l January 20191,. Financial Reporting Standard 102 Th¢ Financial Reporting Standard wplicable in the UK and Republi¢ of Ireland, and the CoTnpallie8 Act 2006. The finacial statements have been prepared under the historical cost conv¢ntion. INCOME All bncome is regnised in the Statement of Financial Activities oll¢e the charty has ¢ntLtlem¢nt to the fvnds it is pmbable thai the income will be received and ihe amollnl Can be measured reliably. EXPENDITURE Liabilities are recognised 18 expenditure as soon as there is a legal or constructiv¢ obligation ¢ommitting the charity to that expendiiure, it is probable that a trdnsfer of economic benefits will be required in settlement and the amount of the obligation can b¢ measured reliably. Expetjditure is accounted for on an Ac¢ruals basis and ha5 b¢¥n ¢la55ifi¢d wider headings that a8gregai¢ a]1 wst related to the category. Where ¢o$t$ Cann be dir¢ctly attiibuted to particular headin88 they have been allocated to activities on a basis wllsistent with The use of r¢source5. TANGIBLE FIXED A&SETS Depreciation is provided ai ihe following 8nnuAI rites sn (der to write off each asset over its ¢stimat¢d useful life. Short leasehold Fixtures 8nd fjttings Straight lJn¢ ovtr 5 years 200/0 on ¢ost and 15Yo on reducing balan¢e STOCKS Stocks ar¢ valued the lower of eost and net realisable valu¢, after nNking due allowance for obsolete and slow moving items. TAXATION The charity is exempt from corporation tax on its charitable activities. FUND ACCOiINTING Unrestricted funds Can be used in aOrdanCe with th¢ ¢harttable objectives at th¢ discretion of the trustees. Restricted funds can only be used for particular restricted puryx)s¢s wiihin the objects of the charity- Restrictions arise when specified by the donor or when fwids are rdised for particular restricted putp)se$. Further explanation of the nawre and purpose of ea¢h fvrtd 15 included in the note5 to the linanrial statement5. HIRE PURCHASE AND LEASING COMMITMENTS Rentals paid under opeTrting leases are char8ed to the Statement of Finan¢ial AetÉvities on a stiaight-line b]5 over the p¢riod of ihe lease. PENSION cosrs AND OTHER posr-RETIREMEF4T BENEFfTS The charitable company operates a defined contribution pension scheme. Contributions payabl¢ to the eharitable company's pension scheme ar¢ ¢harged to the Statem¢tJi of FiTLsncial A¢tivities in the period to which they trlate. Page 15 eontinued...
CHARTER&ANCASTER COLLEGE (1995) OTES TO THE FINANCIAL STATEMEwfs- contined FOR THE YEAR ENDED31 AUGUST2025 DOT4ATIONS AND LEGACiES 21125 1024 Donations Grants 28,627 272 272 INVESTMENf INCOLI 2025 2024 Rents rKeived 9.599 KNCOME FROM CHARITABLE AcrITr]TIES 2025 2024 Aetlvity Nursery and For¢st S¢hTh)I Nursery and Forest Schwl S¢hcx)I fees Sundry income l J52.699 4,522 975,2lO 2.681 57 977,891 CHARITABLE AcfIvITIFS COSTS Support costs (See note 6) Direct Costs Totsls Nursery and Forest S¢h(x)I 1,179,752 1.188.486 SUPPORT COSTS CoYernRnce co$ts Other Tota15 Nursery and Forest sci0] 94 Fees of £7,200 were payable to the Gharity's auditor for the audit of th¢ ¢harity's accounts. Fees of £1,440 were payable to the ¢harity'S &e04mtants for the prepalon of ihe ¢h8rity'S accounts. Page 16 continued...
CHARTER&ANCASTER COLLEGE (1998) NOTES I'O THE FINANCIAL STATEMENTS- eontinued FOR TEIE YEAR ENDED 31 AUGUST 2025 NET INCOMEI(EXPENDfruRE) Net incom&l(expenditure) is srated after Chging1(¢rcd1I1g)'. 202S 2024 Depreciation- owned &sscts Hire ofplant and machinery Other opetzting Iras¢S 2,882 1,228 2,482 32.0(K TRUSTEES, REMUNERATION AND BENEFITS There were no tri]5¢¢¢5' remuneration or Other benefits for the year ¢nded 31 August 2025 nor for th¢ y¢4r ¢nded 31 August 2024. TRUST£ES' EXPENSES Ther¢ wer¢ no trustees, expenses paid for the year ended 31 August 2025 nor for the year ended 31 Aug5[ 2024. STAFF COSTS 2025 2024 Wage5 and salarie5 So¢ial security costs Other pension costs 841988 56.510 14,036 775.629 41.844 912J34 827.857 The average tnonthly number of employees during the year was as follows". 2025 51 2024 51 Office and administratio No employees received emoluments in ¢x¢ess of £60,000. 10. COMPAtL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr¢$tricted fund Restritted fund Total runds INCOME AND ENDOWMEiYTS FROM Donation5 and l¢gac2es 272 272 Cbaritable activities Nursery and Fores¢ School 977,891 977,891 Investment income 9.599 9.599 Total 987 762 987,762 Page 17 Contirtued...
CHARTERS-ANCASTER COLLEGE {1995} NOTES TO THE FINANCIAL %TATEMENTS- tontfinued FOR THE YEAR ENDED 31 AUGUST 2025 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted nd fnd Total fund$ EXPENDITURE ON Chgritabl¢ 4divities Nursery and Forest S¢hool 1011927 1.011,927 NET INCOMEI(EXPENDlTURE) (24.165) 124,l65) RECONCILIATION OF FUNDS Totsl funds brought forward {13.563) (13.563) TOTAL FUNDS CARRIED FORWARD 37.728 137.728 TANGIBLE FIXED ASSETS Fiytsres and ffttlng5 Short leg¥¢hold Tot91$ Cost At I September 2024 Additions 470,164 100,680 570,844 At 31 Augusi 2025 470 164 103 982 DepreelatloD At I September 2024 Charge for year 470,J64 91,828 56l,992 At 31 August 2025 4711164 94.710 564 874 Net 0k v41ue At 31 August 2025 At 31 August 2024 Page 18 continued..
CHARTER&ANCASTER COLLEGE (1995) NOTES TO THE FINANCIAL sfATEMENTS- continued FOR TIIE YEAR ENDED 31 AUGusf 2025 12. srocKs 2025 21124 Stocks 644 13. DEBTORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2025 2024 Trad¢ debtors Prepaymettts and accrued iti¢om¢ 5,762 11,375 14. CREDITORS: AMOUNTS FALLING DUE wrrHJN ONE YEAR 2025 2024 Other loans15e£ note 161 Social securtty and oth¢r tsx¢s Other creditor5 Net Wages Accruals and deferred irtcomc 20,674 15,681 3,180 9.599 16.312 114 CREDITORS: AMOUM'S FALLING DUK AFTER MORE THAN ONE YEAR 2025 2024 Other loans (see no* 16} 84.582 16. LOANS An analysis of the maturity of loans is given below.. 21J25 2024 Amounts falling due within one year on demand.. Other loans Amounts fallittg due between two and five y¢ars: Other loans- 2-5 years Pag¢19 ¢ontinued...
CHARTERS-ANCASTER COLLEGE (1995) NOTES TO TIIE FINAIYCIAL STATEMENTS- tontinlltd FOR THE YEAR ENDED 31 AUGUST 2025 17. SECURED DEBTS The mortgage is 5ecuTed against the short leasehold pn)perty of the ¢haritsble company. 18. ANALYSIS OF f4ET ASSETS BETWEEf* FUNDS 2025 Tot&1 funds 2024 Tntal futtds UnreslTiCtcd fund Re5tTiCted fund Fixed assets Current &%sets Cuff¢nt liabiliti&5 Long teTtn liabilitie5 9372 222J19 (63,963) 9272 222J19 (63,963) 8,852 82,259 144,2571 84 5821 167 628 167 628 37 7281 19. MOVEMENT IN FUNDS Net mowemettt in fund8 At 31.8.25 At 1.924 Unrestrlcted fvndry Gera1 nd 137,728) 205J56 J67,628 TOTAL FUNIXS 205 167 628 Net movement in ftmds, in¢lud¢d in the above are as follows: Incorning rtsourees Resources expended Movement In funds Unrestrictsd Gen¢r41 filnd lJ93,842 (1.188.486) 205J56 TOTAL FUNDS 1,188 48 205J56 Comparntiyes for movement Ill funds Net mtsv¢m¢nt Att funds At 31.8.24 At 1.9.23 Unrestricted funds Gencrnl fund Il3,563) {24,1651 {37.728) TOTAL FUNDS 13.563) 37 7281 Page 20 continued...
CHARTEKSANCASTER COLLEGE (1995) NOTES TO THE FINANCIAL STATEMENTS- eontlt)ued FOR THEYEAR ENDED31 AUGUST202S 19. MOVEMENT IN FUNDS- corktinved Compardtive netmovemtnt in funds. included in the aknve art ftsllows- Incomlng re90urces Re5011rces eipended Mowement in funds Unrestricted futhds General fund 987.762 (1,011.9271 (24,1651 T(YfAL FUNDS 987 762 1.011927 124,1651 A current year 12 months and prior year 12 month$ Combined position is as follows.. Net movement In funds At 31.&25 At 1.9.23 UDrestricted funds General nd (13,563) 181.191 167,628 TOTAL FUNDS 13.563) 181 191 167628 A curr¢nt y¢ar 12 mon(hs ond prior year 12 months combined net movement in fijnds. included in the above are as follows.. Incoming Tegourees Re51bur¢es expended Mov¢meRt Unrestricted fllnds General fund 2,381,604 (2200.413} 181,191 TOTAL FUNDS 2 381604 12,200 413 181.191 20. RELATED PARTY DISCLOSURES There were no related party transactions forthe year ended 31 August 2025. Page21 niinued...
CHARTER&ANCASTER COLLEGE (1995) NOTES TO THF. FINANC.IAL STATEMEE4ITS- tont1lled FOR THE YEAR ENDED 31 AUGUST 2025 21. COiYflNGENT LIABILITIES The lease foT the school At Wwdsgat¢ Place. Bexhill on Sea is for a p¢riod of twenty Yr5 from 20th May 1996. Open mark¢¢ rettt ts payable with reviews every S years. The lease was renewed in 2016 for a five-yeaT tertn and s currently on a rolling annual renewal until the new l¢ase is negotiated. There is a corrttngent liability which cannot be quarttifi¢d forthe cost of rcpair5 during th¢ I¢e. 22. DEFERRED INCOMING RESOURCES Deferred in¢oming resource5 comprise fees rettived in advance. 23. GOING CONCERN The school is r¢lian¢ on the continued supp)rt of the parents. its bankers and other b¢n¢fadors. Currently iher¢ is no indieation thar this supw)rtwill change adversely over the next tsvelve months. Page 22
CHARTERS-ANCASTER COLLEGE (1995) DETAILED STATEMENT OF FINANCIAL AcfIviTIES FOR THE YEAR ENDED 31 AUGusf 2025 2025 Tot81 fund$ 2024 Unrestricted fuDds Restricted fund$ rwids INCOME AND EIYDOWMKNTS Dontlons #nd legcles Donations Grallts 28,627 28.627 272 28,627 28,627 272 Inve81]nent income R¢ntS Teceived 7.994 7,994 9.599 Charitable activities S¢hool fe¢s Sundry inwme 1?51,699 lJ52.699 4,522 975,210 2.681 lJ57221 lJ57221 977.891 Totil incotDing resour¢¢s lJ93,842 lJ93,842 987.762 EXPENDITURE Ch*ritable #ctlvltle$ Wag¢s Social security Pensions Hire of plant and machin¢ry Other operatirtg leases Rates and woter Insuran¢e Light and heat Telephone Advertising Books and sta(ion¢ry Cleaning Cosl of fo(NJ Repairs and maintenance Subscriptiong School activities Depreciation of tangible fixed assets Bank charg¢s Professional Bad and doubrful debts 841988 56,510 14.036 1328 32.}0 841.988 56 JIO 14.036 1228 32,000 IIA09 5,699 20,244 3,635 990 2,439 8,214 50377 112,21S 8,036 4,984 2082 9611 778 1,128 775,629 41,844 10,384 1,190 32,000 10,948 3.149 17.028 3,644 2,964 2,073 14,675 30,021 47,722 9,023 5,699 20344 Jh35 990 2.439 8214 50277 112215 8,036 4,984 2,882 960 778 2,482 1,295 2,560 1,179,752 1,179.752 1,008,631 Thi5 page do¢5 not forn) part of the statutory financial stat¢menrs P8g¢ 23
CHARTER&ANCASTKR COLLEGE (1995) DETAILED STATEMKNT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 Total funds 21124 Total funds Unrestricted funds Restricted funds Support tosts Other Sundry expens¢s 94 94 Governante costs Independent examin¢r5 fe¢ Bookkeeping Audit fee5 ArKount8ncy ft¢s 2,904 392 7200 7.200 1.440 8h4 8.640 3.296 Total resOu¢S expènded 1188.486 1.188A86 1.011.927 Net (eXndIre)11nCfjffie 205J56 205 24.165 This page does not forn) part of the ststutory finatjeial statements Pag¢ 24