Company registration number- 03364291 Charity wi5tration nurnber.. 1066821 LANCASTER INDEPENDE￿ SCHOOL FOR ALTERNATIVE LEARNING LTD TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Lancaster Independent School for Alternative Learning Ltd Contents Page Tru5lees' Report IndEpendent Examinerf5 Report ststement of Financial Activities (including Income and Expend￿Ure Account) Comparative Staternent of Financial Activities linduding Income and Expenditure Account) Balance Sheet Notes to the Financial Statements 9-17 Lancaster Independent School for Alternative Learning Ltd Company No. 03364291 Trustees. Report For The Year Ended 31 August 2025 The tru5lee5 present their report and tFe finano61 ststements for the year ende¢J 31 August 2025. ObjectivÈs and Aetivitses ms and Objectives Incorporation The charitable cornpany was incorwrated on l May 1997 and CornMen￿d trading on the sarne date. The £haritsble cornpanv passed a special resolutson on 26 May 2017 changing its naffle from Cherrytrees Kindergarten to Lancaster Steiner School Ltd. I he charitable company passed a special ￿Olution on 31 Ortober 2073 changing its name from Lancaster Steiner School Lti to Lancaster Independent School for Altemab"ve Leaming Lftj. this is abbreviated to USAL. Objects and activities The school's aim is to provide an inspirational education all, that YLTIII enable children lo hève a full experience or chil¢hood, which can nourish and develop Iheir innate capabilitie¢ helping to creale people who a￿ ￿spOnSible f individuals, who think clearly, observe per￿ptIVelY and act considerately and construrtively. In setting our objectives and planning our activities our Irustees have given Careful consideration to Lhe Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidarn￿ on advancing education and on fee-charying. Our principal aims are.. A nurturing learning environment that values the individual needs of the chiklren and supports their emotional development A broad and integrated currIc￿luM that encourages sustained engagement in education for life. A key focus on social and emrtional development of the pJpils. A ternal risks by seoJre investtnent. Induction and training of new trustees ew trustees are provided with an information pad¢ induction about their role and responsibilities as Trustees and Company Direttors. Reference and Administrative Details Tru$tee$ Ms Gabi Cani Mr John Barton Ms Hollie Kritikos Blode5 (appointed 20106120251 Mr Calum MaClU￿ (appointed 20106120251 Mrs Hannah Maclure iappointed 20106120251 Mr ￿U0￿ Tuffen iappolnted 20106120251 Ms Zoe Wild (appointed 20106120251 Charity Number 1066821 Company Number 03364291 Registered ¢)ffice Lune Road Page 2 Lancaster Independent School for Alternative Learning Ltd Trustees. Report (continued) For The Year Ended 31 August 2025 Lancaster Lancashire LAI SQU Independent Examiner Christine Harwood ACMA Accounts Matlers Limited 3-2-1 Storey House White Cross Lancaster LaDcashire LAI 4XQ Bankers 25 Kings Hill Avenue West Malling Kent ME19 4JQ Page 3 Lancaster Independent School for Alternative Learning Ltd Trustees. Report (continued) For The Year Ended 31 August 2025 Srnall Company Rules This report has been prepared in accordance with the sperial provisions relating to companies subjert to the small companies regime within Part 15 OF the Companies Act 2006. The trustees, report was approved t•y the boaryj of twstees and signed on its behalf by= Ms Gabi Cani Trustee 20th May 2Q26 Page 4 Lancaster Independent School for Alternative Learning Ltd Independent Examiner's Report to the Trustees of Lancaster Independent School for Alternative Learning Ltd For The Year Ended 31 August 2025 l ￿port to the tharity trustees on my eKaminatyon of the accounts of the Company for the year ended 31 Auoust 2025. Responsibilities and Basis of Report As the charity trustee5 of the Company land also its directors for the purp05e5 of company lawl. you are responsible for the preparation Of the accounts in accordance with the reqU1￿MentS OF the Com)anie5 Act 2006 1.the 2006 Act-l. Having 5ati5fied myself that the account5 of the Cofflpany are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatlDn, I ￿port in ￿spect o my exanination of your charity's account5 a5 carried out under section 145 of the Chantios Act 2011 {'thÈ 2011 Act'l. In Earryino aut my examination I have folloY42d Ihe DirÈiliDns given by the Charity Cornmission under section 145151 Ibl of the 2011 Act. Independent Examiner's Statement I have completed my examinabon. I confitm that no matter5 have cume to tny attent￿n in Eonnection with the examination givlng me cause to believe: l. accounting records were not kept in respert of the Company as required by s￿tIOn 386 of the 2006 Act.. or 2. the accounts do not accord with those reiords- or 3. the acctsunts do not comply witlr the acc(NJnting ￿Ul￿ments of 5ecbon 396 of the 2006 Act other than any requirement that the accounts give a 'true anL1 fair view, which is not a matter consiL1ered as part of an independent examination., or 4. the accounts have not been prepa￿d in 2ccordan(e wifh the methods and principles or the Stètement of Recommende prattl￿ for accounting and repwting by charities epplicable to charities preparing their accounts in aC￿rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS L021. L have no concerns and have come across no otr*r matters in conrEction byith the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Christine Harwood ACMA 21st May 2026 3-2-1 Storey House White Cross Lancaster Lancashire L41 4XQ Page S Lancaster Independent School for Alternative Learning Ltd Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025 2025 2024 Unrestrl¢ted Re#rlcted lund5 fund5 Total funds Total funds 14otes INCOME AND ENDOWMENTS FROM: Donations and legaoes Charitable actsvities-. Education 15,588 15,588 13,470 94,555 4.832 694 94,555 4,832 694 87,908 3.441 490 Other trading artivities Investrnent5 other 627 115,669 115,669 105,936 EXPENOITURE ON: Charitable activities-. Education 1106,726 1 1106.726 190,535 1 NET INCOME 8.943 8.943 15,401 NET MOVEMENT IN FUNDS 8.943 8,943 15,401 RECONCILIATION OF FUNDS: Total funds brought forward 34.174 99 34.273 18.872 TOTAL FUNDS CARRIED FORWARD 20 43.117 99 43,216 34.273 The notes on pages 9 to 15 fomi part of Y)ese financial statements. Page 6 Lancaster Independent School for Alternative Learning Ltd Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025 2024 un￿StrIcted Restrl¢ted funds fund5 Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legaoes Charitable actsvities-. Education 7,041 6,429 13,470 87,908 3,441 490 87,908 3.441 490 Other trading artivities Investrnent5 other 627 627 99,507 6,429 105,936 EXPENOITURE ON: Charitable activities-. Education 184.1061 16.4291 19D.535 1 NET INCOME 15.401 15,401 NET MOVEMENT IN FUNDS 15,401 15,401 RECONCILIATION OF FUNDS: Total funds brought forward 18,773 99 18.872 TOTAL FUNDS CARRIED FORWARD zo 34,174 99 34,213 The notes on pages 9 to IS fomi part of these financial statements. Page 7 Lancaster Independent School for Alternative Learning Ltd Balance Sheet As At 31 August 2025 2025 2024 Unrestrl¢ted Re#rlcted lund5 fund5 Total funds Total funds 14otes FIXED ASs￿s Tangible Assets 14 3,675 3,675 4,323 3.675 3.675 4.323 CURRENT ASSETS Stocks 15 500 5DO 500 Debtc)rs sh al bank and in hand 16 4.202 48.371 4,202 48.470 621 35,253 99 53,073 99 53,172 36,374 Creditors: Amounts Falling Due Wtthin One Ye•r 17 113.631 1 113.631 1 16,424 1 NET CURRENT ASSETS (LIA81LITIES) 39,442 99 39,541 29,950 TOTAL ASSETS LESS CURRENT LIABILTTIES 43.117 99 43,216 34,273 NET ASSETS 43.117 99 43,216 34.273 FUNDS OF THE CHARITY Restricted Funds 99 99 Unrestrirted Funds 43,117 34.174 TOTAL FUNDS 20 43.216 34,273 For the year ending 31 August 2025 the charitaLYe company was entrtled to exempts.on from audit under section 477 of the Companies Act 2006 relats.ng to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the CDmpanies Act 2006. The trustees acknowledge their respon￿bIlItieS far complying with the requiremÈnts of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared In accordance with the provisions appliuble to cornpanies subject to the small companie5 gitne. On behalf of the board Ms Gabi Cani Trustee 20th May 2026 The notÈs on pages 9 to 15 fomi part of thÈso financial statements. Page 8 Lancaster Independent School for Alternative Learning Ltd Notes to the Finanaal Statements For The Year Ended 31 August 2025 General Inlormatlon Lancaster Independent School for Alternative Learning Ltd is a company limited by guarantee, incorporated in England & Wales, regisrered number 03364291 and registered charity number 106682] The regisrered office is Lune Road, Lancaster. Lancashire, LAI 5QU. Accountlng Powcles Basis of Preparation of Financial Statements Lanc)ster Independent School for Altemative Learning Ltd is a private company limited by guarantee. registered in England and Vlales. In the event of the charity being wound up. the liability in respert of the guarantee is limited to Él per rnember of the ch3nty. The flnandal statements have been prepared In accordan￿ with the Charftle5 SORP (FR5 1021 "Accountlng and Reporting by Charitie5- Statement of Recommended Practce applicable to charitie5 preparing their accounts in accordonce with the Financial Reporting %andard fjpplicable in the Uk and Republic of Jrelond IFRS 1021 leffective I January 20191" Financial Reporting Standard 102 vhe Financial Reporting Standard applicablp in the UK and Republic of Ireland" and the Companies Act 2006. The charitable tompany is a Public BÈnefit Entity as defined by FRS 102. Financial Reporting Standard 102 - Reduced Dixlosure Exemptions The charirable company has taken advanrage of the followin J disclosure exemptions in p￿parIng these financial statements. as permitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Treland.: the requirements of SeEtK)n 7 Statement of Cash FIoY45 and Section 3 Financial Statement Presentation poragr3ph 3.17 Idl. 2.3. Golng Concern Dl$closure The Irustees have not idÈnlified any material uncertainties related to events or Conditions that may cast signlflcant doubt about the charitable company's ability to cortinue as a going concern. Fund Accounting Unrestricted funds can be used in accordan￿ with the charitsble objectives at the discretion of the tru5tee5. Restricted funds can only be used for parbcular purposes within the objects of the charity- Re5trittion5 arise when specffied by the donor or when funds are rèised for pèrtstular restnrted purposes. Further explanation of the nature and purpose of each fund IS induded in the rK)te to the financial 5tètements. Incoming Resour All i￿O￿1n9 resources are included In the Statemeit of Financial Artiiities ISOFAI when the charity is legally entitled to the income after any performance conditions have been mei the amount can be measured reliably and it is probable thar the Income will be received. Income from government and other grants are recognised at fair Val￿ when the charity has entitlement after any pertomance conditions have t)een mer. If bs pfoDaDle that tne Income will De received ana the amount can be measured Iiably. If entitlement B not met then these amounts are deferred Page 9 Lancaster Independent School for Alternative Learning Ltd Notes to the Financial Statements (continued) For The Year Ended 31 August 2025 Resources Expended Liabilities are ￿cOgnised as expenditure as soon as there is a legal or constructive obligalion committing the charity to that expendirure. Ir is probable rhat a transfer of economic treneh.ts wll be required in settlement and the amounr cl the obligation can be measure(J reliably. Exwditure is accounred for on an accruals basis and has been classified un(J headings that aggregate all cost related to the category. Where costs cannot bt dirertly attributed to particular headings they have been allocated to activitie5 on a basis consistent ￿1th the use of resource5. Charltable artlvltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It include5 both CDSts that can be allocated ijirectly to suth activitie5 and those costs of an indirect nature nece55ary to 5UPPOrt thern. Governance Costs These include the costs attnbutable to the charity'5 compliance with constitutional and ststutory ￿quireMents, including aueft, strategic management and twstee's meerings and reimbursed expense> Tanglble FTxed Assets and Depredatlon Tangible fixed assets are measured at CO# less accumulated dep￿0atIOn and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value. over their expected useful lives on the folkjwing ba5es-. Fixtures & Fittings Compurer Equipmenr 15% reducing balance Straight line over 3 years 2.8. stocks and Work in Proyre55 Stocks and work in progress are valuet1 ai the lower of cost and net ￿alIsable value after making t1ue allowance for obsolete and glow-moving SWks. 2.9. Cash and Cash Eoulvalents Cash and cash equivalents a￿ basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid Investments that mature in no more than three monlhs from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 2.10. Taxatlon The charity is exempt from tax as all its iThcome is charitable and applied for charitable purposes. Incvmo from Don*ions and Lqgacios 20Z5 Unrestrlcted Restricted Total funds fvnds funds Donations and gifts Grènts 588 588 L5,000 15,000 15,588 15.588 2024 unrestrict￿ Restricted Total funds funds funds Donations and gifts Grants 7.041 6,429 13.470 7.041 6.429 13,470 Page 10 Lancaster Independent School for Alternative Learning Ltd Notes to the Financial Statements (continued) For The Year Ended 31 August 2025 Income from Chèrltable A¢tlvTtles 2025 2024 Unrestrlrted Unrestrlrted funds £ tund$ £ Education.. Education Rental income 87,865 6,690 83,724 4,184 94,555 87.908 Income Irom Other TradOn9 Acti¥lt•es 2025 2024 Unrestrirted Unrestrirted funds fund$ Fundraising events Shop income 4,832 3,407 34 4,832 3.441 Investment Income 2025 2024 Unrestrirted Unrestricted fvnd$ funds Bank interest ￿CeIVable 694 490 Other Income 2025 2024 Unrestricted Unrestri(ted funds funds Reimbursements of costs 627 Net Incomel(Expenditure) The net income 15 Stated èfter chargingè(creditingl= 202S 2024 Depreciation of tangible fixed assets- owned 648 763 Page 11 Lancaster Independent School for Alternative Learning Ltd Notes to the Financial Statements (continued) For The Year Ended 31 August 2025 Analysls of Expendfture 2025 Support costs (see note 10 I Education 106,726 2024 Support costs (see note 10 I Education 9D.535 10. Support Costs 2025 Education Employee costs Premises expenses General administration 69.813 5,802 26,578 648 Depreciation Governance costs 3,885 106,726 2024 Education Employee costs Premises expenses Gencral administration 66.295 1,961 16,391 763 Depreciation Governan￿ costs 5.125 9D,535 11 Independ•nt Examin•r's Remun•rntio 2025 2024 Independent examination of the finanaal statements 770 660 Page 12 Lancaster Independent School for Alternative Learning Ltd Notes to the Financial Statements (continued) For The Year Ended 31 August 2025 12. Stafe Cost$ staff costs were as follows.. 2025 2024 Wages and salaries Other penson costs 67.931 1.053 64.945 863 68,984 65.808 No employee5 received employee benefits (excluding ern￿Oyer persion c05ts1 for the reporting period of more than É60.ODO. 13. A¥er¥ge Number of Employees Average number of employees during Lhe year was.. 612024= 8} 14. Tangible Assets Hxtures & Fittin95 Computer Equipment Total Cost As at I September 2024 7,762 144 7,906 As at 31 Auoust 2025 7,762 144 7,906 Depredatlon As at I September 2024 Provided during the penod 3.439 648 144 2.583 648 As at 31 Auoust 2025 4.087 144 4,231 Net Book Value As ot 31 Augusr 2025 3.675 3,675 As at I September 2024 4,323 4,323 stocks 2025 2024 Siock 5DO 500 16. Debtorg 2025 2024 Due within one year Trade debtors Other debtors 2,147 2.055 621 4,2D2 621 Page 13 Lancaster Independent School for Alternative Learning Ltd Notes to the Financial Statements (continued) For The Year Ended 31 August 2025 17. Credltors: An￿uNts Falllng Due Wlthltt One Year 2025 2024 Other creditors 166 174 Taxation and Social Security Accruals and deferred income 309 13.465 5,941 13.631 6.424 18. Deferred lrtcome Deferred income movements in the year were as follows: 2025 2024 Balance at the srart of rhe period Income deferred In the current period Amounts released in income from previous periods 5,341 12.815 {5.341 1 4,344 5,341 14,344 1 Balance at the end of rhe perK)d 12,815 5.341 Deferred income is rnade up of school fees received in adwan 19 PensSon Commftments The charitable company operates a defined conlribution pension scheme. The assets of Lhe scheme are held separately from those of the charitable company in an Independ￿tlY administered fund. During the yoar the charge to the statement of financial èctivities in respÈit of defined contribution schemes was £1,053 12024.. £8631. At the balance shÈet date contributions of £NIL wÈre t1ue lo the furmy and are included in creditors. 20. Movement in Funds Asati September 2024 Asat31 Expenditure August 2025 Income Unrestricted funds General.. Gener31 unrestritted fund 34.174 115,669 1106,726 1 43,117 Restricted funds Sports Fund 99 Total funds 34,273 ILS.669 1106,726 1 43,2L6 Asati September 2023 A5¥t31 EX￿ndItUre Auyust 2024 Income Unr•strictad funds General.. General unrestricted fund 18,773 99,507 184,106 1 34.174 Restrirted fvnds ..CONTIMUED Page 14 Lancaster Independent School for Alternative Learning Ltd Notes to the Financial Statements (continued) For The Year Ended 31 August 2025 TA Fund 6.429 (6.4291 Sports Funij 99 Tot•1 restricted fund$ 6.429 {6.429 } 99 Total funds 18,872 105,936 190,535 1 34,273 21. Transactions with Trustees None of the trustees received any remuneration or any other benefrts from an employment with the charity or a related entity during the current or previous year. No truslee expense5 have been incurred. 22. Related Party Disclosures There have been no relaled party tran5attions in the reportiwbg period that require disclosure. 23. Company limited by guarantee The company is limited by guarantee and has no share caprtal. Every member of the Company undertakes tts CDntribute to the assets of the ctsmpany. in the event of a winding up, such an mount as may be required not exceedino £1. Page 15 Lancaster Independent School for Alternative Learning Ltd Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025 2025 2024 Total fund$ Total fvnd$ INCOME AND ENDOWMENTS FROM: Donations and l•gaci•s DDnations and gifts Grant5 588 13,470 15,000 15.588 13,470 Charitable Aetivitias: Education Education Rental income 87,865 6.690 83,724 4,184 94.555 87,908 other trading activities Fundraising events Shop income 4,832 3,407 34 4.832 3.441 Investments B