2025-07-31-accounts

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QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

REGISTERED CHARITY NUMBER: 1065794 REGISTERED COMPANY NUMBER: 03387540

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

	Pages
Chair’s Introductory Statement	3
Report of the Trustees	4
Auditor’s Report	21
Consolidated Statement of Financial Activities and Income and Expenditure Account	24
Charity Statement of Financial Activities and Income and Expenditure Account	25
Consolidated Balance Sheet	26
Charity Balance Sheet	27
Consolidated Cash Flow Statement	28
Notes on the Financial Statements	29

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

CHAIR’S INTRODUCTORY STATEMENT

The past year has been one of continued expansion across all parts of the Queen Alexandra Charity, Birmingham. Building on the success of the College’s 2024 Ofsted ‘Good’ outcome, we have continued to strengthen governance, deepen collaboration, and ensure that the quality of education, care and support for our students and clients remains outstanding. I am delighted to report that our financial performance is also strong.

Our new Guiding Principles , developed with staff and trustees early in 2025, now underpin everything we do. They affirm our shared commitment to being mission-driven, people-centred, financially responsible and forward-looking. These principles lay the foundation for a new 2026 Strategic Plan which we are now developing.

The College continues to go from strength to strength, maintaining high levels of learner achievement, progression and wellbeing. Staff have responded with professionalism and creativity to rising demand, ensuring that every learner feels valued, supported and inspired to achieve their ambitions. The number of students is growing and we are stretching our physical resources to the maximum.

Community Services have grown in reach and impact, helping more adults with disabilities to live independently, gain confidence and connect with others, and has become financially self-sufficient this year. Residential Services remain a vital part of QAC life, offering stability, choice and a real sense of home for many of our students and clients.

QAC Enterprises has delivered exceptionally strong financial results despite economic challenges. The All Formats team have stepped up to deliver considerably more work. We recently appointed a new Managing Director who is charged with the responsibility of growing from this strong base.

Sight Village continued to thrive, with successful events held across the UK in 2025 — including Glasgow, London, and Birmingham. The flagship Sight Village Central exhibition in July 2025 once again attracted exhibitors, partners and visitors from across the country, reinforcing its position as the UK’s leading event for blind and partially sighted people. This year’s theme celebrated 200 years of Braille, highlighting the importance of accessibility and innovation — values that sit at the heart of the Charity.

The Trustee Board formally approved the first phase of our estate development – a Health and Therapies Centre at the heart of our campus. I look forward to reporting progress over the coming years.

This year also saw further progress in brand awareness and partnership development . The QAC name is increasingly recognised as a trusted and innovative Birmingham Charity making a real difference to the lives of people with disabilities. Our new visual identity continues to strengthen our voice with funders, employers and supporters, and we are seeing growing interest in collaboration across the region.

Looking ahead, demand for our services remains strong , reflecting the trust placed in us by families, local authorities and partners. Our focus for the coming year is to enhance our estate, invest in our people, and continue to deliver life-changing opportunities for those we support.

We were also delighted to welcome several new trustees this year, each bringing valuable expertise and fresh perspectives to the Board. Their enthusiasm and commitment to our mission have already made a positive impact, and I am confident they will play an important part in shaping the next phase of our development.

Together, we remain firmly committed to our mission — empowering abilities and inspiring lives — ensuring that the Queen Alexandra Charity, Birmingham continues to thrive as a place of learning, opportunity and belonging.

Mark Abrams, Chair of Trustees – 30[th] October 2025

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

The Trustees present their report and the audited financial statements of Queen Alexandra Charity (the ‘Charity’ or the ‘Company’) for the year ended 31 July 2025.

CONSTITUTION AND PRINCIPAL ACTIVITIES

Queen Alexandra Charity (QAC) is a charitable company comprising a specialist Charity for young people and adults with disabilities, community services and residential services.

Charitable Objects

To promote the education of people with special needs. To provide relief of people with special needs. To0 provide facilities for recreation and leisure time activities for the benefit of people with special needs.

The company is limited by guarantee and has no share capital. The liability of each member shall not exceed £1. The company was incorporated on 17 June 1997 (company number03387540) and is governed by its Memorandum and Articles of Association, as amended by special resolutions dated 29 September 1997, 24 November 1997, 13 July 1998, 12 December 2017, 29 December 2021 and 2 August 2025. The company is a registered Charity, number 1065794.

The Charity was part of Birmingham Royal Institution for the Blind until 31 December 1997, when its operations were transferred.

Principal connected organisations are as listed below.

The Birmingham Royal Institution for the Blind (BRIB)

BRIB is a registered company (company number 01900123) and a registered Charity (Charity number 516477).

BRIB owns the main campus premises occupied by the Charity. It charges rent for the use of the premises and makes grants to support the work of the Charity. The main grant to the Charity of £697,091 (2024: £697,091) is given to cover the rent charged in respect of the Charity main premises in accordance with an agreement dated 31 December 1997. In 2024 BRIB awarded an additional grant of £100,000, there have been no such grants this financial year. BRIB’s Board of Directors/Trustees comprises nine people, three of whom are appointed by Focus Birmingham, three by the Charity and three by the members of BRIB. The Charity continues to be grateful to BRIB for its support and help.

Focus Birmingham

Focus Birmingham is a registered company (company number 03353444) and registered Charity (Charity number 1065745).

Focus Birmingham was part of BRIB until 31 December 1997, when it became a separate Charity to provide and promote services to blind and partially sighted people in the community. It has been granted a long lease by BRIB land adjacent to that leased to the Charity and it benefits from funding commitments made by BRIB. Focus Birmingham appoints three trustees to the BRIB board. The Charity provides a contracted maintenance service to Focus Birmingham.

RESERVES

The Charity has unrestricted funds and a number of restricted funds. The unrestricted funds include accumulated surpluses, and the restricted funds consist of monies received for specific purposes, less expenditure to date.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

TRUSTEES

The administration of the Charity is effected by a Board of Trustees (who are the directors of the company) and those who held office during the year, and to the date of this report, are listed below.

Mark Abrams (Chair) Naresh Kumar* Rosemary Adams Mrs Susan Ann Moore (Appointed 08.12.25) John Campbell (appointed 12.11.25) Pavan Patel (Resigned 31.08.25) Christopher Gaffney (Resigned 24.03.25) Richard Percival Sherv Garcha Dr A Julie Reed (Resigned 14.07.25) Dr Ewan Hamnett (Resigned 26.02.25) Nirmal Singh (Appointed 13.10.25) Jasbir Hayer (Appointed 11.09.25) Charlie Stonham (Appointed 12.11.25) Beverley Jessop ** Kimberly Tierney Jeremy Wood (Resigned 13.01.26)

Trustees have no beneficial interest in the Charity and all served without remuneration, with the exception of the three trustees who are employed by the Charity (above). Three of the trustees (*above) are nominated by the Charity to the BRIB board.

Insurance is purchased to protect the Charity from losses arising from neglect or default of its trustees, officers and employees, and to indemnify the trustees, officers and employees against the consequences of neglect or default on their part. The amount paid for the year was included within the Charity overall Combined Commercial Policy and the cost cannot be separately identified. The limit of indemnity is £5,000,000 (2024: £5,000,000).

Trustees have set terms of office and a maximum total term and they serve on committees that enjoy some delegated authority and that advise the Board of Trustees on policy and management.

Resources Committee

Mark Abrams Beverley Jessop Naresh Kumar (wef: 01.09.25) Matthew Mangan (co-optee) (Resigned 11.11.24) Richard Percival (Chair) Julie Reed (Resigned 14.07.25) Mrs Susan Ann Moore (Appointed 08.12.25)

Services Committee

Rosemary Adams (Chair) Christopher Gaffney (Resigned 24.03.25) Sherv Garcha Beverley Jessop Charlie Stonham (appointed 12.11.25) Kim Tierney (wef: 01.09.25) Elly Tobin (co-optee)

Remuneration Committee

Richard Percival (Chair) Mark Abrams Dr A Julie Reed (Resigned 14.07.25) Mrs Susan Ann Moore (Appointed 08.12.25)

Governance Committee

Mark Abrams (Chair) Rosemary Adams Richard Percival Mrs Susan Ann Moore (Appointed 08.12.25)

Audit Committee

Rosemary Adams John Campbell (appointed 12.11.25) Nicola Coombe (Elected Chair 10.06.25) (co-optee) Christopher Gaffney (Resigned 24.03.25) Jasbir Hayer (Appointed 11.09.25) Helen Parks (Chair) (co-optee) (Resigned 26.02.25) Pavan Patel (Resigned 31.08.25) Nirmal Singh (Appointed 13.10.25)

The Birmingham Royal Institution for the Blind: trustees nominated by the Charity

Mark Abrams (Appointed 17.10.24) Richard Percival (Appointed 17.10.24) Beverley Jessop

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

OFFICERS AND ADVISERS

Principal and Chief Executive

Beverley Jessop

Company Secretary External Auditors

Paul Walker

Crowe UK Black Country House Rounds Green Road Oldbury B69 2DG

Internal Auditors Principal Bank

Validera Unit 3 Crompton Court Attwood Road Burntwood WS7 3GG

Lloyds Bank PLC PO Box 908 125 Colmore Row Birmingham B3 2DS

Insurance Advisers

PIB Insurance Brokers Poppleton Grange Low Poppleton Lane York North Yorkshire YO26 6GZ

Investment Managers

Evelyn Partners 3[rd] Floor 9 Colmore Row Birmingham B3 2BJ

Registered Office

49 Court Oak Road Harborne Birmingham B17 9TG

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

STRATEGIC REPORT

PUBLIC BENEFIT & REVIEW OF ACTIVITIES

Queen Alexandra Charity (QAC) is a registered Charity and an independent specialist residential college (ISC) based in Birmingham. It provides education and training for students and clients with a wide range of disabilities and learning difficulties. QAC operates three services – College, Community and Residential, all of which operate within the values of ‘Respect, Collaboration, Integrity, Enabling, Inclusion and Excellence’. The mission statement of QAC is ‘QAC empowers young adults with learning difficulties and disabilities to achieve their ambitions and to lead fulfilling lives.

The Charity’s students and clients divide into two main groups: those aged 16 to 25 who are funded by a combination of the Department for Education and between 25 to 30 Local Education Authorities and clients attending Independence Plus (IP) funded by Social Services/personal payments. The Charity also accesses a range of funding from external sources including statutory and charitable bodies. The

Charity continues to offer a level of respite provision and plans to expand this further in future. Prior to being offered a place at the College, all individuals benefit from a thorough assessment of their needs to ensure they are placed on the most appropriate programme. The assessments, in combination with the Education Health and Care plans (EHCP) are also intended to identify the appropriate level of holistic support needs for each student (many requiring 1 to 1, 1 to 2, or 1 to 3 staff to student ratios). The College welcomes students and clients from all backgrounds. An individual’s economic status, gender, ethnicity, race, religion, sex or sexual orientation do not form part of our assessment processes.

In setting the Charity’s objectives, and planning activities, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee charging.

The Charity achieved its mission during the year by providing education, independent living facilities, and a community service provision.

COLLEGE

The curriculum at QAC is broad and ambitious and meets the diverse needs of each student. The curriculum is designed to maximise adult life opportunities for all students. Opportunities may be through increased independence, higher academic achievement or through skills that enable employment. The curriculum covers academic, therapeutic and support provision, all of which are essential components for success for QAC students. All QAC students are in receipt of an EHCP.

The College offers a broad range of courses from pre-entry to level 3 in the following vocational areas: Art and Design, Sports, Trades, Vehicle Mechanics, Health and Social Care, Performing Arts, Media, Hospitality and Information & Communication technologies (ICT). The Preparation for Life (PfL) pathway offers a diverse range of tasters and independence skills development and for some students, leads into LEAP (Learning for Employment and Progression) which will specialise in certain areas and have a focus on employment or higher vocational study. Supported Internships are well established at QAC, with work experience being expected for all students from year 1 onwards. The Access to College programme, a bespoke 1-year programme supports school non-attenders back into learning and has gained in popularity year on year with the local authorities and young people.

The College has a diversity of specialist support services, which are an essential and integral part of each student’s curriculum offer, ensuring individual student needs are met and achievements maximised. Support Services consist of speech and language therapy, occupational therapy/specialist sensory; physiotherapy, counselling and mentoring, educational and clinical psychology, Positive Behaviour Support; a rehabilitation and travel training department; Braille, dyslexia and assistive & augmented technology services. In addition, there is a Resource Centre and a Health Care Centre.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

PUBLIC BENEFIT & REVIEW OF ACTIVITIES Continued

The extended curriculum and enrichment activities (‘Club’) is invaluable and is offered to both day and residential students. Club is designed to offer a range of activities which develop community, social and independence skills, promote sports, the arts; leisure activities and develop wellbeing, confidence and friendships.

At our college, students thrive in an environment dedicated to excellent teaching and real-world preparation. Our skilled educators equip students with the knowledge and tools they need to succeed in life after college. Beyond academics, students grow in confidence during their time with us. Our supportive staff and mentors are always there to guide them, providing a range of appropriate technologies and tools that further their independence and give them transferable skills for life away from college.

We also prioritise personal development. Through regular discussions about healthy relationships, students learn about positive friendships, consent, and how to address concerns about others' behaviour. These valuable lessons equip them with the knowledge to form safe, meaningful connections in all areas of life.

Students love being part of our college community. They demonstrate that they are eager to learn, grow, and embrace new challenges. By the time they leave, they have developed lifelong habits for learning, socialising, and thriving as independent adults.

Success at QAC is not measured solely in terms of outcome success rates. Students have a comprehensive Individual Learning Plan with a range of negotiated challenging targets. Progress is measured on a regular basis and new targets are set and agreed as appropriate; value added, and distance travelled are important measures of achievement. Annual reviews were continued for all students with a focus on the transition journey through College into independence, further education and employment.

Safeguarding analysis across college and residential services is carried out against protected characteristics which enable us to monitor any patterns in safeguarding issues and respond as required. There is a robust safeguarding process in place with 10 staff having responsibility for safeguarding, one of whom is the lead designated safeguarding officer, with others acting as deputies, there is a weekly rota in place for swift interventions when needed. Staff teams are effectively trained in managing safeguarding issues with a regular, mandatory ongoing programme of training on all aspects of safeguarding in place, both via online training; workshop sessions and now includes surveys.

A trustee safeguarding lead liaises with the Charity safeguarding team and ensures safeguarding updates are reported regularly and remain high on the trustees’ agenda. A clear audit trail of safeguarding is maintained and reported regularly to the trustees, which ensures due process is followed by the Charity. Prevent Duty training is embedded into Safeguard training at Induction and ongoing.

Student involvement is high with students continuing to have the opportunity to apply for the positions of Student Council reps and College Ambassador and take part in a selection interview process with underpinning employment skills being developed. Such roles enhance their self-confidence and ability to engage competently with professional people with students making excellent use of established opportunities to participate and be involved in College activities and forums. The students play an important part in the College around marketing and fundraising campaigns. Through the promotion of the student voice, students contribute to the day-to-day operation of the College such as College ‘values’ planning, ideas for new enrichment groups, important considerations linked to building developments and improved food choices.

Residential students also have a significant role to play, and the residential focus group continues to have a positive impact on aspects of residential life.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

OFSTED

Following the inspection by Ofsted in June 2024, QAC was judged to be ‘good’ across all areas. Quality of Education, Behaviour and Attitudes, Personal Development and Leadership and Management; provision for Learners with High Needs is good overall. Safeguarding at QAC is effective. A sample of the positive comments:

Senior leaders have remedied the weaknesses from the previous inspection. Leaders have improved the quality of education so that it is now good. They use an appropriate range of ways to assess the quality of education. They use the information from these activities to accurately identify the areas for improvement.
Leaders manage the performance of staff well and provide clear targets for improvement. They provide staff training to improve their craft of teaching.
Trustees provide effective oversight. They have extensive experience and appropriate expertise. They hold senior leaders to account and challenge leaders to improve the quality of education. Trustees have an accurate understanding of strengths and weaknesses of the Charity.
Senior leaders have developed an ambitious curriculum vision. They have designed five curriculum pathways which meet the needs and aspirations of students. Each pathway has a clear purpose, which ranges from preparation for adulthood to preparation for vocational qualifications and employment. Students are clear about the purpose of the curriculum they are studying and how it relates to their long-term goals. Most students move on to higher level pathways, to further education outside of QAC, to employment or independent living.
Leaders and managers, provide a rich curriculum and appropriate work opportunities for students on supported internships. Students on internships rapidly develop the personal and technical skills they need for employment and most secure jobs.
Students continue to develop their English and mathematical skills throughout their time at QAC. In English, students’ spelling and communication skills notably improve as well as the legibility of their handwriting. Vocational tutors work closely with the English and mathematics tutors to ensure that they develop these skills at the right level.

RESIDENTIAL

The Charity continues to provide residential services to students and employs approximately 48 residential support staff. The residential provision at QAC continues to be graded as ‘good’ by CQC (Care Quality Commission) who make unannounced inspections throughout the year. The Charity also provided 30 places to Independence Plus clients based in houses in the local community.

COMMUNITY SERVICES

We are based at the Umberslade Campus, a rural idyll in an urban setting that offers beautiful surroundings for our clients to spend their time.

Support Worker / Day Opportunities service

Community Services provides a support worker service and social opportunities for young adults aged 18 and over, currently up to the age of about 30 years old. There is no limit to the amount of time clients can spend in the service, so at the moment there is not an upper age limit imposed, although this may change as the service matures. In July 2024, the service moved to the Umberslade Campus in Selly Oak and has an active regular client population that stands at around 70, which will continue to increase as the service welcomes new clients both via QAC and external referral pathways. The move really gave CS the chance to stretch our legs and not only did the additional space mean that we have been able to welcome more clients and grow the service, we have also had space to expand our team.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

We have a smaller group of outreach clients who do not attend the Umberslade campus at all and with whom we work in the community, supporting them to access specific opportunities such as volunteering as well as leisure and social activities, and to attend appointments and so on. We also have another small group of outreach clients who live independently in their own properties with our support.

Activities

Our operational focus has increasingly shifted to weekday daytime provision, with the majority of services now delivered Monday to Friday. While a small number of clients continue to access evening support, weekend services are being phased out due to minimal demand and the need to prioritise staffing during peak weekday hours. This transition has accelerated over the past year, particularly following our relocation to Umberslade.

Our service remains firmly rooted in a person-centred, client-led approach. Clients and their families collaborate with our staff team to shape weekly schedules and select meaningful activities. While we maintain a flexible structure, popular choices include regular swimming and bowling trips, cooking sessions, and creative arts. We also partner with a range of organisations—including Soundabout, Spectra, Bear Bookshop, Midland Sailing, and ThinkForward—to broaden the scope of opportunities available.

Clients enjoy exploring the community using both our vehicles and public transport. Our location, within walking distance of Bournville and Selly Oak stations, enables easy access to destinations further afield. A highlight this year has been the acquisition of a second 9-seater minibus, significantly enhancing our capacity to support larger group outings.

On rainy days, our indoor spaces come alive with arts and crafts, pool, table tennis, football, basketball, and music—ensuring a vibrant and engaging environment every day.

Now fully settled at Umberslade, we’ve embraced the opportunities our new setting offers. This year, we’ve grown and cooked our own fruit and vegetables, and even pressed our own apple juice. Our campfire has become a hub for outdoor cooking, culminating in a highly successful open day in May. We were delighted to welcome members of the local community, who joined us for food cooked over the fire and generously supported us with raffle prizes. It was a wonderful opportunity to showcase our work and build new connections.

Peer Support and Social Opportunities

This year has seen our provision of social opportunities continue, although with the relocation of the service this has been in a more streamlined way. Our client services and engagement have continued to grow and develop and the demand for social opportunities is really high.

We continue to run a weekly community-based LGBTQ+ group which has good attendance from current QAC students and clients, alumni, and external attendees. This continues to attract new members and provides support around a wide range of issues as well as the opportunity to socialise.

Come As You Are, our inclusive nightclub, is now a well- established and much-loved monthly club night, supported generously by The Night Owl nightclub in Digbeth. With the Night Owl’s help we are able to offer opportunities for DJs with support needs to play sets in a real nightclub setting as well as for young disabled musicians to perform in a real club venue and reach a live (and very enthusiastic!) audience. This year we held a launch event for the QA Collective’s EP which was incredibly well attended and was the subject of a short piece of film on Midlands Today.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

THE FUTURE

The focus for 2025-2026 is to maintain the Charity’s financial success and resilience; commence estates development work and capital fundraising plans and continue to maintain a high quality of educational and service experience for students, clients and staff, and we are in the initial stages of creating our next strategic plan for 2027-2030. We have in place a strong staff, leadership and governance team and an ambitious plan for growth going forward - which means more people will benefit from the services offered by the QA Charity, Birmingham.

The key objectives of the 2023-2027 strategic plan are already either achieved or well on route to being achieved and we have made excellent progress across all areas. The Charity's financial position is strong; we have developed even more links with employers and continue to receive support and recognition from the business community of Birmingham and the West Midlands. The objectives below remain our focus.

1. Be recognised as a leading Birmingham-based organisation supporting young adults with learning difficulties and learning disabilities.

2. Be an excellent provider of educational, community and residential provision and services.

3. Undertake organisational repositioning to promote growth, clarity and diversity of services.

4. High levels of student and client satisfaction achieved.

5. For the student and client population to benefit from safe, high quality and well-adapted provision and physical estates across Birmingham.

6. Maintain financial viability.

7. Be recognised as an excellent employer; and

8. Lead by example in sustainability, diversity and specialist high need provision

Financial Resilience

We are pleased to confirm that the 2025/26 budget is balanced, achieved through robust financial management, successful negotiations with local authorities to secure a rate uplift, and the exceptional performance of our trading subsidiary. A significant increase in student numbers has also contributed positively to our financial position. However, this growth brings operational challenges, particularly in placing additional pressure on our estate and infrastructure.

Financial stability remains a key focus, especially as we prepare to deliver our ambitious estate development plans. Inflationary cost pressures and rising wage costs, driven by National Living Wage increases and Employers’ National Insurance uplifts, continue to outpace funding from the Department for Education and Local Authorities.

To ensure long-term sustainability, we are actively investing in the growth of our trading subsidiary and commercial activities to further diversify our income streams. Alongside this, we continue to pursue efficiency savings across the organisation, ensuring we remain resilient and well-positioned to meet future demands.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

Increase the Capacity of Physical Estate

With student numbers continuing to grow, our Court Oak Campus has now reached full capacity. To ensure we can continue to provide high-quality, person-centred services in a modern and inclusive environment, we are embarking on an ambitious estate development programme. The plans are structured over three phases, with the first being the construction of a state-of-the-art Health and Therapies Centre at the heart of the campus. We have allocated £1.5 million from our reserves to support this initial phase, reflecting our commitment to investing in the future of our provision. However, voluntary income will be essential to the success of the project, and we will be launching a capital appeal to invite support from our wider community and stakeholders.

Curriculum Appropriateness

We will continue to monitor curriculum appropriateness, but with the good OFSTED result we remain confident that we have developed an ambitious curriculum vision which is based on five curriculum pathways, meeting the needs and aspirations of students. Each pathway has a clear purpose, which ranges from preparation for life, to preparation for vocational qualifications and employment. Students are clear about the purpose of the curriculum they are studying and how it relates to their long-term goals via preparation to adulthood. The curriculum will continue to be monitored and reviewed routinely

FINANCIAL SUMMARY

The consolidated financial results for the year ended 31 July 2025 show a positive net movement in funds of £677,470, a significant improvement from the £51,438 recorded in 2024. This reflects a year of strategic progress, with total income rising to £17.89 million (2024: £16.42 million), driven by increased student numbers and the exceptional performance of our trading subsidiary, QAC Enterprises Limited. Notably, QAC Enterprises increased its turnover by over 50% and delivered a record Gift Aid contribution of £712,603 to the Charity.

While the 2025/26 budget is confirmed as balanced, the financial environment remains challenging. Staff costs continue to place pressure on the organisation, particularly as we work to remain competitive in a difficult recruitment market. As an independent provider, we face increasing competition from the wider education sector, where large-scale wage increases are more easily implemented. We are therefore having to keep staffing structures under close review and consider adjustments in key roles to support recruitment and retention.

We have responded by investing in commercial activities to diversify income streams and by implementing efficiency measures across the organisation. Our reserves remain strong, with £13.6 million held at year-end, including £1.5 million designated to support Phase 1 of our estate development strategy. A capital appeal will be launched to secure the voluntary income needed to realise this vision.

Looking ahead, financial resilience remains a key focus as we continue to grow and invest in high-quality, inclusive provision for our students and clients.

RESERVES POLICY

As at 31 July 2025, the Charity and its subsidiary company have unrestricted general funds of £11,110,937 (2024; £9,996,919), unrestricted designated funds of £1,500,000 (2024: £1,943,000) and restricted funds of £1,000,486 (2024; £994,034). Total reserves, including restricted funds, are £13,611,423 (2024; £12,933,953).

During the year under review, Trustees undertook a comprehensive review of QAC’s reserves policy to ensure it continues to support the strategic plan, reflects the current funding climate, and addresses the key risks facing the Charity. Following this review, the target for free reserves was increased to £3,040,000 (2024: £2,700,000).

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

RESERVES POLICY Continued

This revised target reflects our assessed risk exposure, including liquidity risks arising from delays in Local Authority payments and the potential for unforeseen increases in staffing costs. It also includes a contingency to account for unrealised gains on investments held on the Charity’s balance sheet. By incorporating this buffer, QAC is better positioned to manage market volatility and maintain financial stability during periods of uncertainty.

The Trustees also reviewed the designated reserves to assess whether the use and value remained appropriate. The outcome of which is detailed below.

Site Expansion Fund

Designating funds for site development is essential to ensuring the Charity can deliver on its strategic growth objectives. In the previous financial year, £1 million was allocated to this purpose, although the scope and cost of the project were still under review. Over the past year, we have gained greater clarity on the requirements for Phase 1 of our estate development plans, which has enabled more informed financial planning.

In response, Trustees have increased the designated fund to £1.5 million. This decision reflects our commitment to progressing the development while maintaining prudent financial management. Although the full cost of the project will not be met from reserves alone, it is appropriate to allocate as much as possible within the limits of our free reserves target. This approach ensures transparency, supports long-term planning, and signals our readiness to move forward with Phase 1.

Community Service

In 2023/24, the Trustees designated £102,000 to support a planned deficit in Community Services, one of QAC’s charitable service areas. However, the fund was not drawn upon during 2024/25, as the service exceeded expectations and delivered a surplus. This marks a significant milestone in the financial sustainability of Community Services, and as a result, the designated fund has now been closed.

The Trustees continue to monitor the financial performance of all service areas closely, but the improved position of Community Services reflects the success of recent strategic changes and growth in client numbers. The service is now operating without reliance on designated reserves, and efforts will continue to ensure it remains financially resilient.

Financial Resilience Fund

In 2023/24, Trustees created a designated fund of £900,000 to support financial resilience, in response to forecasted deficits and wider economic pressures. The fund was established to provide transparency in financial planning and to ensure the Charity could remain stable while strategic plans were developed to return to a balanced budget position.

However, following a significant financial turnaround in 2024/25, driven by increased student numbers, improved trading performance, and successful cost management, the Charity no longer forecasts operating deficits. As a result, the fund was not drawn upon during the year and has now been closed.

This outcome reflects the strength of QAC’s financial strategy, and the effectiveness of measures taken to improve sustainability. Trustees continue to monitor financial performance closely and remain committed to maintaining a strong reserves position to support future growth and investment.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

Reserves Policy Summary

The Charity holds total unrestricted reserves of £12,610,937, £7,513,321 is held as tangible fixed assets and as a result of the annual review of the reserves policy there is now £1,500,000 held in designated funds, which leaves free reserves (including investments) of £3,597,616 (2024; £2,736,919).

The reserves target is £3.04m, meaning the Charity has free reserves in excess of the free reserves target of £557,616.

INVESTMENT POLICY

The Trustees have an agreed investment policy for the Charity aimed at providing long-term capital growth with medium risk. Evelyn Partners act as Investment Managers to the Charity to manage investments under this policy.

INVESTMENTS

Queen Alexandra Charity owns the whole of the issued share capital of 100 shares of £1 each of QAC Enterprises Limited, a company incorporated in England & Wales (Company Number 1986389). The company operates three distinct businesses: a specialist transcription services (“All Formats”), the sale of canes for the visually impaired and the “Sight Village” series of exhibitions for the blind and visually impaired. All profits from the businesses are Gift Aided to the Charity. The turnover for the year ended 31 July 2025 was £1,348,969 (2024; £887,953) and the Gift Aid payment was £712,603 (2024; £209,146). QAC Enterprises had net assets and reserves of £10,126 at the year-end (2024; £10,126).

Queen Alexandra Charity also owns the whole of the issued share capital of 1 share of £1 of QAC Sight Village Limited and the whole of the issued share capital of 1 share of £1 of Sight Village Limited. These companies are incorporated in England & Wales and have remained dormant since their incorporation on 6 February 2010 and 16 July 2012 respectively.

RISK ASSESSMENT AND MANAGEMENT

The Trustees have considered risks and risk management throughout the year as part of the business of the full Board and sub-committee meetings. QAC has a formal risk management process for the Charity and QAC Enterprises - this is managed by the Charity Management Team and Trustees via the Audit SubCommittee.

As part of its risk management process, the Trustees assessed QAC’s risk appetite. QAC is generally risk averse and has no appetite for risk exposure that results in significant impact on the delivery of our operational core activities (delivery of education and provision of care). It is also cautious in the pursuit of existing expansion plans and externally focussed commercial activities. However, QAC is willing to accept, in some circumstances, risks that may result in some financial loss or exposure to its financial reserves, provided that such risks are identified and managed with Management and Board oversight and contribute to QAC’s overall strategic objectives.

The Trustees have assessed the major risks to which the Charity is exposed, in particular, those related to the operations and finances of the organisation, and are satisfied that systems and processes are in place to mitigate the Charity’s exposure to these major risks.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

RISK ASSESSMENT AND MANAGEMENT Continued

The Board of Trustees have identified the following key strategic risks to the Charity. Actions to mitigate against these risks are also detailed:

Risk:	Major change in finances resulting in a threat to long term organisational viability
Mitigation:	Reserves policy that sets aside funds for longer term plans & reasonable operating;
	Development of medium- term financial plan; Financial appraisal of longer-term committing
	opportunities, Sensitivity analysis of changes in costs affecting bottom line; Annual financial
	business planning process; On-going monitoring of expenditure against budgets; Review of
	budgets in-year to identify where cost savings can be made; Formal reporting to F&GP of
	variances.
Risk:	Failure of strategic initiatives across Service areas (Umberslade/ Pinewood/
	Community Services/ Residential Services)
Mitigation:	Control of application and assessment process; panel meetings; SMT meetings; reshaping
	of curriculum and timetable to maximise resource use; development of new campuses;
	estates planning and project management controls.
Risk:	Inadequate reporting to the Board
Mitigation:	Strategic planning, objective setting & budgeting processes; timely & accurate reporting;
	timely preparation of reports; triumvirate meetings/ reg contact between Board/senior staff.
	Reg Board & AC meetings. SAR presented to Board. Progress against KPIs presented
	regularly to Board. Periodic governance reviews where reporting is assessed.
Risk:	H&S risk to the organisation
Mitigation:	H&S Officers in place at QAC who ensure Compliance with law & regs; Publicised H&S
	policies; Regular inspection & testing of appliances, smoke and fire alarms; Trained first
	aiders/Trained fire marshals. Fire safety training, including use of extinguishers. Fire notices
	in all areas; Evacuation areas; Fire, H&S consultancy used regularly. Risk Assessments
	logged into central system; H&S group meetings that report to Compliance Committee
	where a trustee is in attendance; Regular evacuation drills;
Risk:	Safeguarding risks to the organisation
Mitigation:	Robust safeguarding policy & procedures; Trustee lead for safeguarding; E-safe’ monitoring
	tool; Robust training programme for ALL staff; regular safeguarding audits performed by
	external provider.
Risk:	IT and cyber security disaster recovery
Mitigation:	IT Continuity plan; firewall in place; Cyber Essentials Plus achieved (Aug 24); Daily data
	backups; documented recovery procedures; encryption of backed up data; appropriate
	software to mitigate; JISC runs DDOS service to circumvent cyber-attacks; cyber-attack
	insurance held, 24/7/365 MDR (Monitor, Detect, Respond) service implements in Aug 2024.
Risk:	Loss of key staff
Mitigation:	Undertake an annual strategic Training Needs Analysis aligned to the strategic plan,
	appraisal information and best practice. Career pathways developed in certain areas from
	ground through to management positions and appropriate training at each stage of
	development. Board aware of CMT (Charity Management Team) structure & contingencies
	for Principal/Deputy cover.
Risk:	Inadequate trustee oversight of College, Community and Residential Services offer
	and quality
Mitigation:	Strategic curriculum review and update; a new structure and formal model of strategic
	curriculum; training to all College staff; robust initial diagnostic testing and baseline
	assessment; clarity of outcomes for each student; SAR (Self Assessment Review), QIP
	(Quality Improvement Programme), PIAP (Performance Improvement Action Plan). Regular
	reporting on Community Services and Residential Servies through compliance committee,
	including internal audits, self assessments and reviews from CQC and other external bodies.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

RISK ASSESSMENT AND MANAGEMENT Continued

Risk: Maintaining a high quality of educational experience with significant increase in student numbers and planes estate development. Mitigation: Maintain actions for Teaching and Learning through the QIP and monitoring; Continued PRD working with other organisations; fully staffed academic management team; SAR process and College SAR & QIP; increased quality actions for reviewing curriculum; restructure of academic management; working with external contacts for benchmarks and support; trustee oversight of educational practice through link visits; risk register and communication strategy in place for estate development.

Risk: Adverse Publicity Mitigation: Quick response strategy in place for dealing with adverse events/social media comments or negative publicity; Maintaining of positive public links; Follow AoC/Natspec PR guidance. Risk: Inadequate oversight of Estate Development Phases Mitigation: Regular reporting to Board, stakeholder group established, Estate Strategy group formed with trustee membership, recruitment of external professional, separate risk register for phase one being controlled by the externally appointed project manager.

STRUCTURE, MEMBERSHIP AND OPERATION OF THE BOARD OF TRUSTEES

During the 2024 to 2025 financial year, the Board of Trustees fulfilled its duties through formal mechanisms, determining strategy and monitoring implementation and outcomes. It was supported in this work by its Audit Committee, Resources Committee, Remuneration Committee, Services Committee and Governance Committee. The Student Services Forum was discontinued during the reporting year.

The membership of the Board of Trustees and of its committees, and committees’ terms of reference, was reviewed by the Governance Committee and recommendations were made to the Board of Trustees to update them. These recommendations led to the adoption of amended Articles of Association that (a) widened the scope of the two seats reserved for the parents and guardians of college students to include those of clients and that (b) changed the term of office of trustees to three years.

Trustees undertook a programme of formal visits to the Charity to triangulate the information provided to them by managers and they adopted a menu of informal Governance Continuing Engagement Opportunities. They undertook training determined by the Board of Trustees to be mandatory as well as training on the statutory guidance, Keeping children safe in education 2025 , on safeguarding generally and on the Prevent Duty.

The Board of Trustees received regular information on: human resource matters; the financial performance of the Charity and its trading subsidiary company including capital expenditure; education matters, including the quality of teaching, performance against targets, student learning outcomes, admissions and student destinations after college; and on student and client safeguarding, including the Prevent Duty and the handling of parent, student and client complaints.

Outside the strictures of board and committee meetings, the monthly ‘Triumvirate’ meetings held between the Chair of Trustees, the Principal and Chief Executive and the Director of Governance provided an informal environment for strategic discussion. A note of each of these meetings was made available to all trustees. The Chair of Trustees met the Director of Governance weekly.

The starting compensation and any later changes to it for those employees designated by the Board of Trustees as ‘senior postholders’ was proposed to the Board of Trustees by its Remuneration Committee, after that committee had considered benchmark information (including the Association of Colleges (AoC) pay survey), the performance of the employees concerned and the financial position of the Charity. The agreed principle for annual ‘cost of living’ pay reviews remained that senior postholders would be awarded the same percentage increase as was the majority of staff, unless there was a reason for variance from this.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

STRUCTURE, MEMBERSHIP AND OPERATION OF THE BOARD OF TRUSTEES Continued

The Charity continued to apply all the principles of the Governance Code for Larger Charities to its work. It also complied with the bulk of the Code’s relevant recommended practice. An external audit of governance had taken place during 2022 and returned a report of ‘good’ governance, with recommendations for improvement. A plan to implement these recommendations, as well as further improvements, was completed during the reporting year. The Code recommends annual reviews of governance every three years but, for identified reasons, the Board of Trustees decided to defer what would have been the summer 2025 review to the spring of 2026.

FIXED ASSETS

All tangible fixed assets are held for the purpose of carrying out the Charity’s main objectives. The Trustees believe the market value of the Charity’s freehold land and buildings to be more than their net book value, although no independent valuations have been obtained, as it is considered that the cost of obtaining these is out of proportion to the usefulness of the information.

EMPLOYEES WITH DISABILITIES

Queen Alexandra Charity aims to ensure its recruitment, development and retention practice is exemplary. The Charity is a ‘Disability Confident Employer’, a ‘Mindful Employer’ and in October 2021 was awarded the prestigious ‘Leaders in Diversity Award’. We ensure appropriate support to disabled people at the application stage (to ensure access needs for interview are met) through to successful interview and support as an employee. Our practice ensures no particular group or individual is treated more or less favourably based on the characteristics defined in the Equality Act 2010. Equality and Diversity is embedded into the Charity’s management and the Charity’s Equality and Diversity report is formally reviewed by Trustees annually.

The Charity will do its utmost to ensure individual needs are met in the workplace, whether through assistive technology, ergonomics, counselling, flexible working or other individual requirement. All employees, disabled or non-disabled are offered equality of training, career development and promotion opportunities.

EMPLOYEE CONSULTATION

Numerous consultation processes take place throughout the College year. A Joint Consultative Committee made up of managers and employee union representatives meet to discuss not only terms and conditions of employment but factors affecting the organisation as a whole. There are management/staff ‘feedback’ and ‘diary meetings’ which take place weekly as well as staff survey and consultations. Employees also provide input into policies and the Principal shares strategic and external influences, which affect the Charity business with the whole staff group. The Charity’s Senior Management Team have regular “open door” sessions whereby individual staff members can discuss any issues one to one with a member of the Senior Management Team.

The Charity’s Staff Forum (“Staff Voice”) brings together interested staff from all areas of QAC to participate in decision-making and has continued to prove successful and attract favourable comments from staff.

FUNDRAISING

The Charity has historically concentrated on making applications to charitable trusts and grant giving organisations. The Charity is now expanding its fundraising activities to include running fundraising events and challenges, introducing a 'Friends of QAC scheme', joining the Birmingham Community Lottery, working with businesses to secure corporate donations and sponsorship and selling merchandise.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

Fundraising over the last 12 months has provided funding for the following:

For College - assisted technology items for students, a walkway cover to link the college's Bradbury building to the main building, tools and other items to develop a local allotment plot and welfare items for the safeguarding team.

Community Services - funding for core costs, a polytunnel, items to create a sensory garden.

Residential Services - Christmas treats for each house and activities for the social club

Across services - archery equipment including specialised visual impairment equipment. Gifts In Kind have included tennis equipment, welfare items and donated food.

Huge thanks to all those who have supported the Charity over the last financial year including the following Charitable Trusts and Grant Giving organisations: Birmingham Royal Institute for the Blind, Severn Trent Community Fund, The Eveson Trust, William A Cadbury Charitable Trust, Edward Cadbury Charitable Trust, The Percy Bilton Charity, DMF Ellis Charitable Trust, The Mabs Mardulyn Charitable Foundation, The Alison Hillman Charitable Trust, Music in Motion, Harborne Parish Lands Charity, The Roger and Douglas Turner Charitable Trust, The Saintbury Trust, The Finnis Scott Foundation, Birmingham Common Good Trust, The Grimmitt Trust, Lillie Johnson Charitable Trust, The W E Dunn Trust, Eric W Vincent Trust, Tipton and Coseley Building Society Charitable Foundation, Mercian Community Trust, Charles Brotherton Trust, Dan Maskell Tennis Trust, The Blakemore Foundation.

The day-to-day management of all income generation is delegated to the Charity Management Team. The Charity has a Fundraising Policy, which is approved by Trustees and reviewed regularly; with Trustees receiving regular reports on fundraising activity and performance. The Charity manages all fundraising in house led by its Head of Income Generation.

The Charity is registered with the Fundraising Regulator and complies fully with the Regulator’s Standards and Code of Fundraising Practice. QAC has received no complaints in relation to fundraising activities and the policy requires staff to behave reasonably at all times.

VOLUNTEERS

The Charity is committed to providing opportunities for volunteering, placements and work experience to people from all walks of life. Many ex-students come back to volunteer, as do trainee teachers, social workers and people who just want to give something back to society or test out a new career in education or care. We provide projects for organisations looking to deliver to Corporate Social Responsibility agendas and have enjoyed productive partnerships with local and national businesses that enhance the overall experience of our students. Volunteer application forms are available on our website. In accordance with DBS guidance, our volunteers are all subject to stringent background checks.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Strategic Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and Charity and of the incoming resources and application of resources, including the income and expenditure, of the group and Charity for that period.

In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

GOING CONCERN

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In preparing the financial statements, the Trustees have considered whether the going concern basis of preparation for these accounts remains appropriate. To make this assessment the Trustees have reviewed short-medium term financial forecasts and cashflow forecasts, and have completed a review of the reserves policy. The outcome of that review is that at no point in the next 12 months, or the medium-term forecast does the Charity breach its free reserves position.

Taking into account the above, including the level of cash and near liquid investments, the Trustees believe that whilst inherent uncertainty exists, this does not pose a material uncertainty that would cast doubt on the Charity’s ability to continue as a going concern for the foreseeable future, which is a period of at least 12 months from the signing of the accounts and audit report. The Trustees therefore consider it appropriate for the accounts to be prepared on a going concern basis.

STATEMENTS AS TO DISCLOSURE OF INFORMATION TO AUDITORS

All of the current Trustees have taken all the steps that they ought to have taken to make themselves aware of any information needed by the company’s Auditors for the purpose of their audit and to establish that the Auditors are aware of that information. The Trustees are not aware of any relevant information of which the Auditors are not aware.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

The Board of Trustees approve the Annual Report and, in their capacity as company directors approve the Strategic Report incorporated therein.

On behalf of the Trustees,

Mark Abrams Chair of Trustees 5 February 2026

Registered Office 49 Court Oak Road Harborne Birmingham B17 9TG

Registered Company Number 03387540

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) EXTERNAL AUDITORS REPORT

Independent Auditor’s Report to the Members of Queen Alexandra College

Opinion

We have audited the financial statements of Queen Alexandra College (‘the charitable company’) and its subsidiaries (‘the group’) for the year ended 31 July 2025 which comprise consolidated & charity statement of financial activities, consolidated & charity balance sheet, consolidated statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the group’s and the charitable company’s affairs as at 31 July 2025 and of the group’s incoming resources and application of resources, including its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion based on the work undertaken in the course of our audit the information given in the trustees’ report, which includes the directors’ report and the strategic

report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) EXTERNAL AUDITORS REPORT

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

the parent company has not kept adequate accounting records; or
the parent company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charitable company and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, including financial reporting legislation and the Charities SORP (FRS 102), and tax regulations. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be necessary to the charitable company’s and group’s ability to operate or to avoid a material penalty. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if any.

We also considered the opportunities and incentives that may exist within the charitable company and group for fraud. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of grant and contract income and the override of

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) EXTERNAL AUDITORS REPORT

controls by management. Our audit procedures to respond to these risks included enquiries of management, internal audit, legal counsel and the Audit & Risk Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, sample testing of grant and contract income, reviewing regulatory correspondence with the Charity Commission, and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed noncompliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Helen Blundell LLB FCA FCIE DChA (Senior Statutory Auditor)

For and on behalf of Crowe U.K. LLP Black Country House Oldbury West Midlands B69 2DG Date: 27 March 2026

QUEEN ALEXANDRA CHARITY CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2025

Income Notes Charitable Activities 3 Donations and legacies Grant: BRIB Rent Other Donations and Grants Other Trading Activities Sales in Enterprises Other Trading Income Investment Income Interest Investment Income Total Income Expenditure Charitable Activities 4 Raising Funds 5 Loss/(Profit) on Disposal of Fixed Assets Total Expenditure Net Income/(Expenditure) before movements on Investment Assets Gains on Investment Assets Net Income/(Expenditure) 13 Transfers between Funds Net movement in Funds Funds at 31 July 2024 Funds at 31 July 2025 13	Year Unrestricted Restricted 31 Jul 2025 Funds Funds Total £ £ £ 15,472,205 57,800 15,530,005 697,091 - 697,091 45,381 90,049 135,430 742,472 90,049 832,521 1,348,969 - 1,348,969 102,393 - 102,393 1,451,362 - 1,451,362 2,533 - 2,533 74,652 - 74,652 77,185 - 77,185 17,743,224 147,849 17,891,073 16,431,609 98,001 16,529,610 868,794 - 868,794 11,776 - 11,776 17,312,179 98,001 17,410,180 431,045 49,848 480,893 196,577 - 196,577 627,622 49,848 677,470 43,396 (43,396) - 671,018 6,452 677,470 11,939,919 994,034 12,933,953 12,610,937 1,000,486 13,611,423	Year Unrestricted Restricted 31 Jul 2024 Funds Funds Total £ £ £ 14,457,203 77,491 14,534,694 697,091 - 697,091 13,936 111,155 125,091
		711,027 111,155 822,182 887,953 - 887,953 99,792 - 99,792
		987,745 - 987,745 3,397 - 3,397 75,677 - 75,677
		79,074 - 79,074
		16,235,049 188,646 16,423,695 15,596,274 197,693 15,793,967 865,023 - 865,023 (231) - (231)
		16,461,066 197,693 16,658,759
		(226,017) (9,047) (235,064) 286,502 - 286,502
		60,485 (9,047) 51,438 140,711 (140,711) -
		201,196 (149,758) 51,438 11,738,723 1,143,792 12,882,515
		11,939,919 994,034 12,933,953

There are no recognised gains or losses other than those shown above.

All of the Group’s activities during the year ended 31 July 2025 are continuing.

The notes on pages 27 to 39 form part of these financial statements

QUEEN ALEXANDRA CHARITY CHARITY STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 July 2025

Year Notes Unrestricted Restricted 31 Jul 2025 Funds Funds Total Income £ £ £ Charitable Activities 15,472,205 57,800 15,530,005 Donations and legacies Grant: BRIB Rent 697,091 - 697,091 Other Donations and Grants 757,986 90,049 848,035 1,455,077 90,049 1,545,126 Other Trading Activities Other Trading Income 212,859 - 212,859 Investment Income Interest 2,533 - 2,533 Investment Income 74,652 - 74,652 77,185 - 77,185 Total Income 17,217,326 147,849 17,365,175 Expenditure Charitable Activities 16,431,609 98,001 16,529,610 Raising Funds 342,895 - 342,895 Loss/(Profit) on Disposal of Fixed Assets 11,776 - 11,776 Total Expenditure 16,786,280 98,001 16,884,281 Net Income/(Expenditure) before movements on Investment Assets 431,046 49,848 480,894 Gains/(Losses)on Investment Assets 196,577 - 196,577 Net Income/(Expenditure) 13 627,623 49,848 677,471 Transfers between Funds 43,396 (43,396) - Net movement in Funds 671,019 6,452 677,471 Funds at 31 July 2024 11,929,894 994,034 12,923,928 Funds at 31 July 2025 13 12,600,913 1,000,486 13,601,399	Year Unrestricted Restricted 31 Jul 2024 Funds Funds Total £ £ £ 14,457,203 77,491 14,534,694 697,091 - 697,091 223,082 111,155 334,237
	920,173 111,155 1,031,328 208,097 - 208,097 3,397 - 3,397 75,677 - 75,677
	79,074 - 79,074
	15,664,547 188,646 15,853,193 15,596,274 197,693 15,793,967 293,542 - 293,542 (231) - (231)
	15,889,585 197,693 16,087,278 (225,038) (9,047) (234,085) 286,502 - 286,502
	61,464 (9,047) 52,417 140,711 (140,711) -
	202,175 (149,758) 52,417 11,727,719 1,143,792 12,871,511
	11,929,894 994,034 12,923,928

There are no recognised gains or losses other than those shown above.

All of the Charity’s activities during the year ended 31 July 2025 are continuing.

The surplus for the year for Companies Act 2006 purposes excludes unrealised gain on investments of £218,029 (2024; £272,723)) and amounts to a gain of £459,442 (2024; loss £220,306). The notes on pages 27 to 39 form part of these financial statements

QUEEN ALEXANDRA CHARITY CONSOLIDATED BALANCE SHEET 31 JULY 2025

31 Jul 2025 £ £ 1,504,168 4,766,281 1,580,609 62,647 240,365 158,715 8,312,785 2,771,542 11,084,327 6,757 2,557,972 103,944 1,847,870 4,516,543 (1,989,447) 2,527,096 13,611,423 13,611,423 11,110,937 1,500,000 12,610,937 1,000,486 13,611,423	31 Jul 2025 £ £ 1,504,168 4,766,281 1,580,609 62,647 240,365 158,715 8,312,785 2,771,542 11,084,327 6,757 2,557,972 103,944 1,847,870 4,516,543 (1,989,447) 2,527,096 13,611,423 13,611,423 11,110,937 1,500,000 12,610,937 1,000,486 13,611,423	31 Jul 2024 £ £ 1,323,995 4,907,140 1,338,211 63,605 320,860 178,769 8,132,580 3,036,089 11,168,669 6,458 2,390,932 79,502 1,133,209 3,610,101 (1,844,817) 1,765,284 12,933,953 12,933,953 9,996,919 1,943,000 11,939,919 994,034 12,933,953	31 Jul 2024 £ £ 1,323,995 4,907,140 1,338,211 63,605 320,860 178,769 8,132,580 3,036,089 11,168,669 6,458 2,390,932 79,502 1,133,209 3,610,101 (1,844,817) 1,765,284 12,933,953 12,933,953 9,996,919 1,943,000 11,939,919 994,034 12,933,953
6,757 2,557,972 103,944 1,847,870		6,458 2,390,932 79,502 1,133,209
	11,084,327 2,527,096		11,168,669 1,765,284
4,516,543 (1,989,447)		3,610,101 (1,844,817)
11,110,937 1,500,000		9,996,919 1,943,000
	13,611,423		12,933,953
	13,611,423		12,933,953
	12,610,937 1,000,486		11,939,919 994,034
	13,611,423		12,933,953

5 February 2026 and signed on their behalf by:

Mark Abrams Chair

Richard Percival Vice Chair

The notes on pages 27 to 39 form part of these financial statements

Registered Company Number 03387540

QUEEN ALEXANDRA CHARITY CHARITY BALANCE SHEET 31 JULY 2025

31 Jul 2025 £ £ 1,504,168 4,766,281 1,580,609 62,647 240,365 158,715 8,312,785 2,771,644 11,084,429 2,581,389 103,944 1,787,385 4,472,718 (1,955,748) 2,516,970 13,601,399 13,601,399 11,100,913 1,500,000 12,600,913 1,000,486 13,601,399	31 Jul 2025 £ £ 1,504,168 4,766,281 1,580,609 62,647 240,365 158,715 8,312,785 2,771,644 11,084,429 2,581,389 103,944 1,787,385 4,472,718 (1,955,748) 2,516,970 13,601,399 13,601,399 11,100,913 1,500,000 12,600,913 1,000,486 13,601,399	31 Jul 2024 £ £ 1,323,995 4,907,140 1,338,211 63,605 320,860 178,769 8,132,580 3,036,191 11,168,771 2,392,501 79,502 1,088,172 3,560,175 (1,805,018) 1,755,157 12,923,928 12,923,928 9,986,894 1,943,000 11,929,894 994,034 12,923,928	31 Jul 2024 £ £ 1,323,995 4,907,140 1,338,211 63,605 320,860 178,769 8,132,580 3,036,191 11,168,771 2,392,501 79,502 1,088,172 3,560,175 (1,805,018) 1,755,157 12,923,928 12,923,928 9,986,894 1,943,000 11,929,894 994,034 12,923,928
2,581,389 103,944 1,787,385		2,392,501 79,502 1,088,172
	11,084,429 2,516,970		11,168,771 1,755,157
4,472,718 (1,955,748)		3,560,175 (1,805,018)
11,100,913 1,500,000		9,986,894 1,943,000
	13,601,399		12,923,928
	13,601,399		12,923,928
	12,600,913 1,000,486		11,929,894 994,034
	13,601,399		12,923,928

5 February 2026 and signed on their behalf by:

Mark Abrams Chair

Richard Percival

Vice Chair

The notes on pages 27 to 39 form part of these financial statements.

Registered Company Number 03387540

QUEEN ALEXANDRA CHARITY CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2025

		Year	Year
		31 Jul 2025	31 Jul 2024
		£	£
Cash flows from Operating Activities		965,560	(88,103)
Cash flows from Investing Activities:
Dividends and Interest from Investments		77,185	79,074
Proceeds from the Sale of Fixed Assets		554	231
Purchase of Fixed Assets		(765,320)	(967,974)
Proceeds from Sale of Investments		1,588,503	360,481
Purchase of Investments		(1,127,379)	(424,481)
Change in Cash and Cash Equivalents in the reporting period		739,103	(1,040,772)
Cash and Cash Equivalents at the beginning of the reporting		1,212,711	2,253,483
period
Cash and Cash Equivalents at the end of the reporting period		1,951,814	1,212,711
Notes to the Consolidated Cash Flow Statement
1. Reconciliation of Net Income to Net Cash Flow from Operating
Activities
Net Income for the reporting period		677,470	51,438
Adjustments for:
Depreciation Charge		637,417	607,010
(Gains) on Investments		(196,577)	(286,502)
Dividends and Interest from Investments		(77,185)	(79,074)
Loss/(Profit) on Disposal of Fixed Assets		11,776	(231)
(Increase) in Stocks		(299)	(1,854)
(Increase) in Debtors		(167,040)	(560,014)
Increase/(Decrease) in Creditors		79,998	181,124
Net Cash Provided by Operating Activities		965,560	(88,103)
2. Analysis of Change in Cash and Cash
Equivalents
	At 31 July	Cash	At 31 July
	2024	Flows	2025
	£	£	£
Cash at Bank and in Hand	1,133,209	714,661	1,847,870
Short term Deposits	79,502	24,442	103,944
	1,212,711	739,103	1,951,814

The notes on pages 26 to 38 form part of these financial statements

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

1. ACCOUNTING POLICIES

(a) Basis of Accounting

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain assets and in accordance with the Statement of Recommended Practice, “Accounting and Reporting by Charities” preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second edition October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006, the Charity’s governing documents, and applicable Accounting Standards.

Queen Alexandra Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

(b) Going Concern

In preparing the financial statements, the Trustees have considered whether the going concern basis of preparation for these accounts remains appropriate. To make this assessment the Trustees have reviewed short-medium term financial forecasts and cashflow forecasts and have completed a review of the reserves policy. The outcome of that review is that at no point in the next 12 months, or the medium-term forecast does the charity breach its free reserves position.

Taking into account the above, including the level of cash and near liquid investments, the Trustees believe that whilst inherent uncertainty exists, this does not pose a material uncertainty that would cast doubt on the Charity's ability to continue as a going concern for the foreseeable future, which is a period of at least 12 months from the signing of the accounts and audit report. The Trustees therefore consider it appropriate for the accounts to be prepared on a going concern basis.

(c) Judgements in Applying Accounting Policies and Key Sources of Estimation Uncertainty

In preparing these financial statements, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates and underlying assumptions are continually reviewed.

The following is a critical judgement that the Trustees have made in the process of applying the accounting policies: Determining whether leases entered into by the group either as lessor or a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease-by-lease basis.

Other Key sources of estimation uncertainty:

Tangible fixed assets (see note 8). Tangible fixed assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of these assets are assessed annually and may vary depending on a number of factors. In assessing asset lives, factors such as life cycle and maintenance programmes are taken into account. Residual value assessments consider issues such as the remaining life of the asset and project disposal values.
Trade debtors (see note 10). At each reporting date, trade debtors are assessed for recoverability if there is any evidence of impairment, the carrying amount of the debtor is reduced to its recoverable amount. The impairment loss is recognized immediately in the income statement.

(d) Basis of Consolidation

The group financial statements consolidate the financial statements of the Charity and QAC Enterprises Limited. Intra group transactions are fully eliminated on consolidation. The Trustees consider that the presentation of the consolidated statement of financial activities and income and expenditure account, prepared on a line-by-line basis, gives a true and fair view of the group’s results

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

1. ACCOUNTING POLICIES (continued)

(e) Tangible Fixed Assets

Tangible fixed assets are recorded at cost on 31 December 1997, when they were allocated to the Charity by Birmingham Royal Institution for the Blind, plus additions since, at cost. Expenditure of less than £1,000 on plant, furniture, fixtures and fittings and educational equipment is charged to revenue in the period of acquisition. The equivalent figure for computer equipment is £500. Where assets are bought in bulk, but individually fall below these limits, they will be capitalised if considered to be a capital investment.

Fixed assets funded by specific donations are capitalised and depreciated in line with the normal depreciation rates shown below. Specific donations to acquire such assets are brought into the Statement of Financial Activities when receivable and included in restricted funds. Depreciation is charged within the Statement of Financial Activities under the appropriate fund heading.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset less its estimated residual value over its expected useful life as follows:

Freehold land	Nil
Freehold and Leasehold Property	2% on cost, or if shorter the remaining period of the lease
Fixtures and Fittings	10% - 20% on cost
Computer Equipment	33 1/3% on cost
Motor Vehicles	20% on cost

The carrying value of the Charity’s assets are reviewed at each balance sheet date to determine whether there is any indication of impairment. If events or changes in circumstances indicate an impairment, the asset’s recoverable amount is estimated. The recoverable amount of an asset is the higher of fair value less costs to sell the asset and its value in use. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activity.

(f) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is virtually certain that the income will be received and the amount can be measured reliably. Income from DfE and Local Authority Fees, Government and other grants whether ‘capital’ grants or ‘revenue’ grants is recognised when the charity has entitlement to the funds and it is it is virtually certain that the income will be received. Income from other sources is recognised when the charity has entitlement to the funds. Income received in advance of provision of a specified service is deferred until the criteria for income recognition are met.

(g) Expenditure

Expenditure is accounted for on an accruals basis. The cost of irrecoverable Value Added Tax is included with the item of expense to which it relates. Charitable activities include expenditure associated with the charity’s Objects including both the direct costs and support costs relating to these activities. Costs of raising funds are those costs incurred in attracting voluntary income and those incurred in trading activities that raise funds including income from QAC Enterprises. Overheads are not apportioned between charitable, fund generating and governance activities as the sums involved are deemed immaterial and all the functions other than charitable activities have the primary function of supporting those charitable activities.

(h) Operating Leases

Operating lease costs are charged to the Statement of Financial Activities as incurred. A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership.

(i) Financial Instruments

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

(j) Stocks and Assets Held for Sale

Stocks and Assets Held for Sale are stated at the lower of cost or net realisable value.

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

1. ACCOUNTING POLICIES (continued)

(k) Investments

Investments are stated at market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities. Investments in subsidiaries are shown at cost.

(l) Cash at bank and In Hand

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

(m) Pension Costs

Retirement benefits to teaching staff are provided by the Teachers’ Pension Scheme (‘TPS’). This is a defined benefit scheme and the assets are held separately from those of the Charity. The TPS is an unfunded scheme and contributions are calculated so as to spread the cost of pensions over employees’ working lives with the Charity in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quinquennial valuations using a prospective benefit method. The TPS is a multi-employer scheme and the Charity is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis. The TPS scheme is therefore treated as a defined contribution scheme and contributions are recognised as they are paid each year.

The Charity also operates two separate defined contribution schemes for non-teaching staff. The cost to the group of pension contributions is shown in note 7 to the financial statements and the group had no arrears of contributions at the year-end.

(n) Funds

Restricted Funds

These consist of monies received by the Charity for specific purposes less expenditure to date.

Unrestricted Funds

This fund represents the accumulated surpluses arising from the Charity’s activities.

(o) Voluntary Help and Gifts in Kind

No financial value has been attributed to the voluntary help received by the Charity during the year. Any other gift in kind is valued when received and is included in the Statement of Financial Activities.

(p) Recognition of Liabilities

All known liabilities at 31 July 2025 have been provided for in these accounts.

2. CHARITABLE STATUS

Queen Alexandra Charity is a registered charity and is exempt from Income Tax and Capital Gains Tax provided its income and gains are applied for charitable purposes.

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

3. CHARITABLE ACTIVITIES INCOME

Income from Charitable Activities: Department for Education Student Funding Department for Education Free Meals Funding Department for Education Capital Maintenance Funding Department for Education Teachers Pension Funding Department for Education 16-19 Tuition Fund Department for Education Taking Teacher Further Fund Total Department for Education Local Authorities Student Funding Other Employment Programmes Income Independence Plus Client Social Services/Private Income Respite Care & Private Student Fee Income Community Services Income Student Transport Fees Catering Income Other Charitable activities Income Total Income from Charitable Activities	Year Year 31 July 2025 31 July 2024 £ £ 5,080,648 4,455,904 52,336 42,709 245,245 246,363 217,863 140,633 - 77,491 57,800 -
	5,653,892 4,963,100 7,402,981 7,256,464 1,778 29,235 1,310,779 1,209,366 186,932 308,924 880,624 685,043 - 885 62,947 67,091 30,072 14,586
	15,530,005 14,534,694
4. CHARITABLE ACTIVITIES EXPENDITURE Expenditure from Charitable Activities Unrestricted Funds Direct Teaching and Support Staff Costs Indirect Staff Costs to support Charitable Activities Other Employee Related Costs Premises Costs Catering and Cleaning Depreciation Equipment Maintenance Exam Fees and Courses Subscriptions Student Allowances Student Bursaries Medical Costs Learning Equipment , Consumables and Activities Educational Subcontract Fees Student Support Professional Fees Staff Travel Expenses College Transport Printing, Stationery, Postage and Computing Consumables Marketing and Advertising Miscellaneous Legal, Professional & Consulting Fees and Charges External Audit Fees Volunteers’ Expenses Books and Publications Restricted Funds Depreciation Learning Equipment and Consumables Student Support Professional Fees Staff Costs Other Employee Related Costs Equipment Maintenance Printing, Stationery, Postage and Computing Consumables Total Expenditure from Charitable Activities	Year Year 31 July 2025 31 July 2024 £ £ 9,672,347 9,074,053 2,249,186 2,088,218 168,418 195,420 1,720,739 1,598,972 819,681 992,956 564,302 532,640 180,257 148,148 26,326 18,323 33,847 30,131 40,530 44,802 300 550 22,170 22,998 83,225 84,050 12,000 34,495 67,262 51,312 31,562 33,816 29,213 57,839 530,511 447,071 42,825 25,940 6,564 10,299 91,108 73,504 39,184 29,766 52 150 - 821
	16,431,609 15,596,274 73,116 74,370 18,071 18,548 - 8,493 3,481 96,282 420 - 2,260 - 653 -
	98,001 197,693
	16,529,610 15,793,967

Included in the above expenditure are support costs of £3,373,463 (2024: £3,083,134) and governance costs of £133,499 (2024: £140,703).

QUEEN ALENDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

4. CHARITABLE ACTIVITIES EXPENDITURE (continued)

Insurance is purchased to protect the Charity from losses arising from neglect or default of its Trustees, officers and employees, and to indemnify the Trustees, officers and employees against the consequences of neglect or default on their part. The amount paid for the year was included within the Charity’s overall Combined Commercial Policy and the cost cannot be separately identified. The limit of indemnity is £5,000,000 (2024; £5,000,000).

5. COST OF RAISING FUNDS

5. COST OF RAISING FUNDS
Enterprises Salaries Premises Costs Cost of Goods Sold Audit and Accounting Fees Bad Debt Expense Other Costs Other Costs of Raising Funds Staff Costs Management Charges Investment Funds Other Costs Total Costs of Raising Funds 6. NET INCOME Net Income is stated after charging: Operating Leases: Rent Hire of Equipment Staff Costs Auditors' Remuneration: External Audit Services Other services Depreciation of Owned Assets 7. STAFF COSTS Staff Costs: Wages and Salaries Social Security Costs Other Pension Costs Agency staff costs		Year Year 31 July 2025 31 July 2024 £ £ 419,607 363,081 51,572 50,958 41,744 41,519 8,695 10,935 5,409 94,202 109,339 119,091
		636,366 679,786 144,756 106,468 12,811 13,170 74,861 65,599
		232,428 185,237
		868,794 865,023
		Year Year 31 July 2025 31 July 2024 £ £ 929,386 918,912 21,011 21,137 12,543,331 11,776,021 28,682 33,992 6,281 4,011 637,417 607,010

		Year Year 31 July 2025 31 July 2024 £ £ 10,415,527 9,893,588 1,078,365 875,736 678,758 586,345 370,681 420,352
		12,543,331 11,776,021

Staff Costs of £12,543,331 (2024; £11,776,021) include ex gratia and redundancy costs of £15,724 (2024; £10,000).

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

7. STAFF COSTS (continued)

The average weekly number (full time equivalent) of employees during the year was as follows: Teaching and Support Staff Care Staff Office and Management QAC Enterprises Maintenance Staff	Year Year 31 July 2025 31 July 2024 Number Number 211 205 85 87 30 38 11 13 13 13
	350 356

Average headcount throughout the year was 438 (2024:436) employees.

The number of employees included above whose earnings (including
taxable benefits in kind, ex gratia and redundancy costs) exceeded	Year	Year
£60,000 were:	31 July 2025	31 July 2024
	Number	Number
£60,000 to £69,999	1	1
£70,000 to £79,999	2	2
£100,000 to £109,999	1	1

The Charity also made pension contributions in respect of 4 (2024; 4) of the 4 (2024; 4) employees noted above. Contributions into pension schemes for higher paid employees amounted to £61,118 (2024; £53,777)

The key management personnel of the Charity are the Principal, Deputy Principal, Director of Governance, Director of Finance and Resources, Director of Care and Director of People (2 additional to last year). The employee benefits of key management personnel, including national insurance contributions were £546,649 (2024; £406,137)

Trustees have no beneficial interest in the Charity and all served without remuneration, with the exception of the three staff trustees. During the year there were no expense claims made by trustees (2024: £60). All expenses are incurred wholly and exclusively in carrying out duties as Trustees of the Charity and are in accordance with the Charity constitution.

8. FIXED ASSETS

Group and Charity Cost 31 July 2024 Additions Disposals Transfers 31 July 2025 Depreciation 31 July 2024 Provided in the Year Eliminated on disposal 31 July 2025 Net Book Values 31 July 2025 31 July 2024	Freehold Land and Leasehold Land and Fixtures and Motor Computer Assets Under Buildings Buildings Fittings Vehicles Equipment Construction Total £ £ £ £ £ £ £ 1,873,435 7,042,994 3,687,872 308,462 3,391,062 178,769 16,482,594 213,543 - 385,531 20,194 117,357 92,586 829,211 - - (28,884) (26,239) - - (55,123) - - 112,640 - (112,640) -
	2,086,978 7,042,994 4,157,159 302,417 3,508,419 158,715 17,256,682
	549,440 2,135,854 2,349,661 244,857 3,070,202 - 8,350,014 33,370 140,859 244,184 21,152 197,852 - 637,417 - - (17,295) (26,239) - - (43,534)
	582,810 2,276,713 2,576,550 239,770 3,268,054 - 8,943,897
	1,504,168 4,766,281 1,580,609 62,647 240,365 158,715 8,312,785
	1,323,995 4,907,140 1,338,211 63,605 320,860 178,769 8,132,580

The Net Book Value of Assets that are subject to depreciation as at 31 July 2025 was £8,238,110 (2024; £8,057,905).

QUEEN ALEXANDRA COLLEGE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

9. INVESTMENTS

Group and Charity

Queen Alexandra College owns the whole of the issued share capital of 100 shares of £1 each of QAC Enterprises Limited, a company incorporated in England & Wales (Company Number 1986389). The company operates three distinct businesses: a specialist transcription services (“All Formats”), the sale of canes for the visually impaired and the “Sight Village” series of exhibitions for the blind and visually impaired. All profits from the businesses are Gift Aided to the Charity. The turnover for the year ended 31 July 2025 was £1,348,969 (2024; £887,953) and the Gift Aid payment was £712,603 (2024; £209,146). QAC Enterprises had net assets and reserves of £10,126 at the yearend (2024; £10,126).

Investments

Unrestricted Fund

Movements in the Investment Fund managed by Evelyn Partners were:

Market Value at beginning of the year Additions to investment at cost Disposals at market value Net realised and unrealised investment gain/(loss) Total Investment Fund Shares in subsidiary companies Closing Balance	Year Year 31 July 2025 31 July 2024 £ £ 3,036,089 2,685,587 1,127,379 424,481 (1,588,503) (360,481) 196,577 286,502
	2,771,542 3,036,089 102 102
	2,771,644 3,036,191

Cash held by the Investment Fund managers Evelyn Partners at 31 July 2025 of £92,894 (2024; £68,467) has been included on the balance sheet under short-term deposits within current assets.

Listed Securities Total Investments in Investment Fund QAC Enterprises Limited QAC Sight Village Limited Sight Village Limited Total Investments	31 July 2025 £ 2,771,542 2,771,542 100 1 1 2,771,644	31 July 2024 £ 3,036,089
		3,036,089 100 1 1
		3,036,191

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

10. DEBTORS

0. DEBTORS
Amount due from BRIB Trade Debtors Amounts due from Subsidiary Prepayments Accrued Income Other Debtors	31 July 2025 31 July 2024 Group Charity Group Charity £ £ £ £ - - 100,000 100,000 1,263,534 1,026,598 823,777 659,263 - 533,224 - 254,038 493,247 446,615 497,451 480,973 767,624 541,385 930,237 863,764 33,567 33,567 39,467 34,463
	2,557,972 2,581,389 2,390,932 2,392,501

Prepayments includes £97,388 (2024: £151,419) in respect of periods of over one year.

11. CREDITORS: Amounts falling due within one year

Trade Creditors Tax and Social Security Pensions Contributions Other Creditors Accruals Fees in Advance	31 July 2025 31 July 2024 Group Charity Group Charity £ £ £ £ 499,600 484,696 545,414 537,215 326,753 326,753 205,346 205,346 73,063 73,063 70,744 70,744 96,037 96,037 45,941 45,941 698,887 680,444 711,758 691,383 295,107 294,755 265,614 254,389
	1,989,447 1,955,748 1,844,817 1,805,018

Fees in advance relates to income from the Department for Education, Local Authorities and other sources received in advance. The movement on the deferred income account during the year was:

Balance at 1 July 2024 Amounts released in the year Amounts deferred in the year Balance at 31 July 2025 12. FINANCIAL INSTRUMENTS	Group Charity £ £ 265,614 254,389 (265,614) (254,389) 295,107 294,755
	295,107 294,755

Financial Assets Financial Assets measured at fair value through SOFA Cash & Cash Equivalents Financial Assets that are Debt Instruments Measured at Amortised Cost Financial Liabilities Financial Liabilities Measured at Amortised Cost	31 July 2025 31 July 2024 Group Charity Group Charity £ £ £ £ 2,771,542 2,771,542 3,036,089 3,036,089 1,951,814 1,891,329 1,212,711 1,167,674 2,064,725 1,601,550 1,893,481 1,657,490
	6,788,081 6,264,421 6,142,281 5,861,253
	1,294,524 1,261,177 1,303,113 1,274,539

Financial assets measured at fair value through the SOFA comprise fixed asset investments in a trading portfolio of listed company shares and unlisted securities, which are valued at the quoted market price. Financial instruments measured at amortised cost comprise trade debtors, accrued income and other debtors. Financial assets also include cash and cash equivalents. Financial liabilities measured at amortised cost comprise trade creditors, other creditors, other loans and accruals.

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

13. RECONCILIATION OF MOVEMENT IN GROUP AND CHARITY FUNDS

As at 31 July 2024 Charity Subsidiary Group Movement in the Period Net Income Charity Subsidiary Group Transfers between funds Charity Subsidiary Group As at 31 July 2025 Charity Subsidiary Group	Unrestricted Fund Designated Fund Restricted Funds 31 July 2025 Total 31 July 2024 Total £ £ £ £ £ 9,986,893 1,943,000 994,034 12,923,927 12,871,511 10,026 - - 10,026 11,005
	9,996,919 1,943,000 994,034 12,933,953 12,882,516
	627,622 - 49,848 677,470 52,417 - - - - (979)
	627,622 - 49,848 677,470 51,438
	486,396 (443,000) (43,396) - - - - - - -
	486,396 (443,000) (43,396) - -
	11,100,911 1,500,000 1,000,486 13,601,397 12,923,927 10,026 - - 10,026 10,026
	11,110,936 1,500,000 1,000,486 13,611,423 12,933,953

TRANSFERS FROM RESTRICTED FUNDS

During the year under review there was a transfer from Restricted funds to unrestricted funds of £43,396. These funds have been transferred as the restriction is no longer in place at the year end.

PURPOSE OF DESIGNATED FUNDS

Site Expansion Fund

£1.5 million has been designated to contribute towards Phase 1 of the Charity’s Short to Medium-term estate development strategy. It will support the development of a purpose-built facility designed to provide a safe, inclusive, and fully accessible medical and therapeutic environment. The facility aims to enhance the student experience and promote improved health, wellbeing, and independence outcomes. While the fund will not fully finance the project, it provides sufficient resources to enable commencement of the development, with additional funding to be secured as the project progresses.

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

13. RECONCILIATION OF MOVEMENT IN GROUP AND CHARITY FUNDS (continued)

The balances on Restricted Funds and their movement during the year are as follows:

Social Demographic Fund ISP Maintenance Fund Community Café Fund Taking Teaching Further Build Appeal Sports Hall Personal Care Room Covered Walkways Community Integration Fund Community Services Funds Indoor Climbing Fund Minibus Fund Music Development Fund National Express Supported Interns Outdoor Teaching Space Performing Arts Fund Sensory Cabin Fund Sensory Garden Fund Sport & Recreation Fund Umberslade Fund Environmental Projects Others (38 funds) TOTAL	At 31 July 2024 Income Depreciation Expenditure Transfers At 31 July 2025 £ £ £ £ £ £ 381,288 - (57,353) - - 323,935 320,775 - (8,159) - - 312,616 170,516 - (7,604) - - 162,912 - 57,800 - - - 57,800 - - - - 18,638 18,638 5,000 38,000 - - - 43,000 - 29,238 - - (29,238) - 7,512 - - (819) - 6,693 7,994 244 - (1,257) - 6,981 102 - - (102) - - 3,000 - - - (3,000) - 10,335 - - (499) - 9,836 7,015 - - (1,983) - 5,032 10,628 3,200 - (2,063) - 11,765 16,590 - - - - 16,590 5,254 - - - - 5,254 1,650 - - - 5 1,655 4,921 319 - (5,309) 69 - 1,978 4,359 - (950) (4,837) 550 7,400 - - (2,260) - 5,140 32,076 14,689 - (9,643) (25,033) 12,089
	994,034 147,849 (73,116) (24,885) (43,396) 1,000,486

Social Demographic Fund
ISP Maintenance Fund
Community Café Fund
Taking Teaching Further
Build Appeal
Sports Hall Personal Care Room
Covered Walkways
Community Integration Fund
Community Services Funds
Indoor Climbing Fund
Minibus Fund
Music Development Fund
National Express Supported Interns
Outdoor Teaching Space
Performing Arts Fund
Sensory Cabin Fund
Sensory Garden Fund
Sport & Recreation Fund
Umberslade Fund
Environmental Projects
Others (38 funds)
TOTAL

At
31 July
2024
Income
Depreciation
Expenditure

Transfers
At
31 July
2025
£
£
£
£
£
£
381,288
-
(57,353)
-
-
323,935
320,775
-
(8,159)
-
-
312,616
170,516
-
(7,604)
-
-
162,912
-
57,800
-
-
-
57,800
-
-
-
-
18,638
18,638
5,000
38,000
-
-
-
43,000
-
29,238
-
-
(29,238)
-
7,512
-
-
(819)
-
6,693
7,994
244
-
(1,257)
-
6,981
102
-
-
(102)
-
-
3,000
-
-
-
(3,000)
-
10,335
-
-
(499)
-
9,836
7,015
-
-
(1,983)
-
5,032
10,628
3,200
-
(2,063)
-
11,765
16,590
-
-
-
-
16,590
5,254
-
-
-
-
5,254
1,650
-
-
-
5
1,655
4,921
319
-
(5,309)
69
-
1,978
4,359
-
(950)
(4,837)
550
7,400
-
-
(2,260)
-
5,140
32,076
14,689
-
(9,643)
(25,033)
12,089

994,034
147,849
(73,116)
(24,885)
(43,396)
1,000,486

Purpose of Restricted Funds

Social Demographic Fund

A grant received to create a secondary education site for QAC. This was initially used to purchase 494-498 Bearwood Road where a dual-purpose retail unit and commercial/educational café was created. In March 2020 this property was sold for £475,000. The grantor confirmed the funds could be retained to fund future off-site developments.

In 2021/22 the Charity entered into a long-term lease for the Umberslade site that it has previously occupied. The site was identified as a site that with development could accommodate 60 learners. As the development of the site fits the criteria of the Social Demographic Fund it was agreed that expenditure relating to the redevelopment of Umberslade would be allocated to this fund. The project commenced in June 2022 and was completed in the year ending July 2024. At 31 July 2025 the fund balance of £323,935 is represented by net book value of Umberslade fixed assets of £323,935.

ISP Maintenance Fund

The Independent Specialist Providers Building Condition Improvement Fund was received to fund the refurbishment of the educational buildings known on site as Springboard and Evolution.

Community Café Fund

A Grant received to fund the creation of a new dual purpose on-site retail unit, a community café and a sensory room.

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

14. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

Financial commitments under non-cancellable operating leases will result in minimum lease payments falling due in the following periods

		31 July 2025		31 July 2024
	Land and	Equipment &	Land and	Equipment &
	Buildings	Fixtures	Buildings	Fixtures
	£	£	£	£
Not later than one year	875,648	13,342	921,411	18,111
1-2 years	22,500	-	-	-
within 2-5 years	22,500	-	67,500	8,791

Included in lease commitments not later than one year is a lease from BRIB for the Charity’s main premises £697,091 (2024; £697,091). Under an agreement dated 31 December 1997 BRIB has undertaken to provide an annual grant to cover this cost.

15. CAPITAL COMMITMENTS

Authorised and contracted for but not provided for in the financial statements.	31 July 2025 31 July 2024 £ £ 80,753 302,819

The commitments for capital projects at 31 July 2025 of £80,753 include £34,918 for new classrooms.

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Group Fund balances at 31 July 2025 are represented by: Tangible Fixed Assets Investments Current Assets Current Liabilities Charity Fund balances at 31 July 2025 are represented by: Tangible Fixed Assets Investments Current Assets Current Liabilities	Unrestricted Fund Designated Fund Restricted Funds Total £ £ £ £ 7,513,321 - 799,464 8,312,785 2,771,542 - - 2,771,542 2,815,307 1,500,000 201,236 4,516,543 (1,989,233) - (214) (1,989,447)
	11,110,937 1,500,000 1,000,486 13,611,423
	7,513,321 - 799,464 8,312,785 2,771,644 - - 2,771,644 2,771,482 1,500,000 201,236 4,472,718 (1,955,534) - (214) (1,955,748)
	11,100,913 1,500,000 1,000,486 13,601,399

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)

Group Fund balances at 31 July 2024 are represented by: Tangible Fixed Assets Investments Current Assets Current Liabilities Charity Fund balances at 31 July 2024 are represented by: Tangible Fixed Assets Investments Current Assets Current Liabilities	Unrestricted Fund Designated Fund Restricted Funds Total £ £ £ £ 7,260,000 - 872,580 8,132,580 3,036,089 - - 3,036,089 1,539,873 1,943,000 127,228 3,610,101 (1,839,043) - (5,774) (1,844,817)
	9,996,919 1,943,000 994,034 12,933,953
	7,260,000 - 872,580 8,132,580 3,036,191 - - 3,036,191 1,489,947 1,943,000 127,228 3,560,175 (1,799,244) - (5,774) (1,805,018)
	9,986,894 1,943,000 994,034 12,923,928

17. RELATED PARTIES

The principal connected organisations are as follows:

QAC Enterprises Limited (Subsidiary Company)

During the financial year ended 31 July 2025 the following transactions occurred between Queen Alexandra Charity (the Charity) and its subsidiary company, QAC Enterprises Limited:

Management recharges of £110,467 (2024: £108,305) to cover staff and other costs, incurred during the year by the Charity, on behalf of QAC Enterprises Limited.
QAC Enterprises made a Gift Aid Distribution of £712,603 (2024: £208,605) to the Charity

At 31 July 2025 QAC Enterprises Limited owed the Charity £533,224 (2024: £253,497).

Birmingham Royal Institution for the Blind (BRIB)

During the year Birmingham Royal Institution for the Blind charged Queen Alexandra Charity £766,005 (2024; £751,606) in respect of rent and made grants of £697,091 (2024; £697,091) to the Charity in respect of rent. In the year ended 31 July 2024 BRIB made grants to Queen Alexandra Charity of £100,000 for the Washrooms project.

At 31 July 2025 the net amount owed by the Charity to BRIB was £18,185. At 31 July 2024 the net amount owed by BRIB to the Charity was £27,260.

Focus Birmingham

Focus Birmingham is considered a related party as like QAC they have a controlling interest in BRIB, a charity they both used to be part of. During the year QAC received £9,786 (2024: £9,350) from Focus Birmingham in respect of recharging gas costs and £998 (2024: £1,694) in respect of maintenance charges. QAC Enterprises Limited received £603 (2024: £456) from Focus Birmingham in respect of Sight Village Exhibition income and Allformats Services. Focus Birmingham charged Queen Alexandra Charity £1,247 (2024: £17,585) for transport services.

At 31 July 2025 the net amount owed by Focus to the Charity was £286.

At 31 July 2024 the net amount owed by the Charity to Focus Birmingham was £937.

QUEEN ALEXANDRA CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

17. RELATED PARTIES (continued)

Trustee Donations

There were no donations from Trustees in the year, other than individual sponsorships and tickets for fundraising events (2024; £nil).

18. POST BALANCE SHEET EVENTS

There were no post balance sheet events to report.

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

CONTENTS

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

CHAIR’S INTRODUCTORY STATEMENT

CONSTITUTION AND PRINCIPAL ACTIVITIES

Charitable Objects

The Birmingham Royal Institution for the Blind (BRIB)

Focus Birmingham

RESERVES

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

TRUSTEES

Resources Committee

Services Committee

Remuneration Committee

Governance Committee

Audit Committee

The Birmingham Royal Institution for the Blind: trustees nominated by the Charity

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

OFFICERS AND ADVISERS

Paul Walker

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

STRATEGIC REPORT

PUBLIC BENEFIT & REVIEW OF ACTIVITIES

COLLEGE

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

PUBLIC BENEFIT & REVIEW OF ACTIVITIES Continued

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

OFSTED

RESIDENTIAL

COMMUNITY SERVICES

Support Worker / Day Opportunities service

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

Activities

Peer Support and Social Opportunities

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

THE FUTURE

Financial Resilience

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

Increase the Capacity of Physical Estate

Curriculum Appropriateness

FINANCIAL SUMMARY

RESERVES POLICY

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

RESERVES POLICY Continued

Site Expansion Fund

Community Service

Financial Resilience Fund

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

Reserves Policy Summary

INVESTMENT POLICY

INVESTMENTS

RISK ASSESSMENT AND MANAGEMENT

RISK ASSESSMENT AND MANAGEMENT Continued

RISK ASSESSMENT AND MANAGEMENT Continued

STRUCTURE, MEMBERSHIP AND OPERATION OF THE BOARD OF TRUSTEES

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

STRUCTURE, MEMBERSHIP AND OPERATION OF THE BOARD OF TRUSTEES Continued

FIXED ASSETS

EMPLOYEES WITH DISABILITIES

EMPLOYEE CONSULTATION

FUNDRAISING

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

VOLUNTEERS

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

GOING CONCERN

STATEMENTS AS TO DISCLOSURE OF INFORMATION TO AUDITORS

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) REPORT OF THE TRUSTEES

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) EXTERNAL AUDITORS REPORT

Independent Auditor’s Report to the Members of Queen Alexandra College

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

Opinions on other matters prescribed by the Companies Act 2006

QUEEN ALEXANDRA COLLEGE (Known as QUEEN ALEXANDRA CHARITY) EXTERNAL AUDITORS REPORT

Matters on which we are required to report by exception

Responsibilities of trustees

Auditor’s responsibilities for the audit of the financial statements