The Unl¢orn Trust IA company limlted by guarantee Registered Charty Number 1070807 Company Number 3588494 Annual Reportand Financial Statements for the year ended 31st August 2025 Wenn Townsend Chartered Accountants Oxford The Unicorn Trust Contents Page Legal and administra￿ve information Report of the Trustees Report ofthe independent auditor 8-10 ststement of financial activllies 11 Baiance sheet 12 Cash fiow slalement 13 Notes forming part of the financial slalements 14-22 The Unicorn Trust Legal and administrative information GovernorslDirectors: A Strivens (Chair of Governorsl M Frostick (Deputy Chair of Govemorsl A Arul G Bisset (Appointed 28th June 20251 A Blackmore N Dinsey N Hargreave5 {Resigned 13th December 2024} F Love (Safeguarding Governor) N J Macdonald MBE S Piper M Small (Re-appointed 1st September 20251 D Ward M Imlsher (Appointed 15th November 20251 Company Secretary: K Johnson Executlve Headteacher: A Oay MBE School Headteacher.. A Woodworth-sturla Registered Office: 20 Marcham Road Abingdon Oxon OX14 1AA Auditor: Wenn Townsend Chartered Accountants 30 Sl Giles Oxford OX1 3LE Bankers: Handelsbanken 2nd Floor SeacourtTower Wesl Way Botley Oxford Oxon OX2 OJJ The Unicorn Trust Report of the Trustees for the year ended 31st August 2025 structure and Governance The Trustees, referred lo as Governors. are also Directors of the Charity for the purposes of the Companies Act 2006 and are named under the legal and adminislralive details set out on page 1. They submit their annual report and the audited financial statements for the year ended 31 sl August 2025. The Trustees have adopted the provisions of the Slalemenl of Recommended Practice ISORPI 'Accounting and Reporting by Charities" and the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 st January 20191 in preparing the annual report and financial statements of the Charlty. The Charity is a charitable company limited by guarantee and was incorporated on the 13th June 1998 and began operations on the 1st September 1998. The Charity is governed by a memorandum of assctialion drawn up on the 13th June 1998. The Board of Trustees, along with the Executive Headteacher, oversees the Charity and meet on a regular basis. The Unicorn Trust is regulated by The Charity Commission for England and Wales, and. for ils educational services, by Ofsted, through the Independent Schools, Inspectorate. Board, Committees and Trustees The governing body brings a breadth of experience, knowledge and professional ski115 to the organisatron. 11 provides induction and training to new trustees. It is supported by the Clerk lo the Governors. The Board delegates detailed discussion and scrutiny of its key responsibilities to its regular working Committees as set out below. The Board and its Commillees meet al least once a term on a formal basis, and regular meetings are held between trustees, the Executive Headleacher, Schwl Headteacher and senior staff throughout the year. Standing Committees are.. Governants Committee (chaired by Andrew Strivens) Education Committee (chaired by Marion Frostickl Finance and Estates Committee (chaired by Andrew Strivensl RemLJneralion Committee (chaired by Arj Arull Matt Small temporarily stood down from the Board to take on the role of Acting Headteacher during the year, following a reslrucluring of the Trusfs leadership positions, with effect from 1 September 2024. A new School Headleacher, Alison Vvoodworth-slurla was appointed wlh effect from 1 st April 2025 with Matt Small re- appointed to the governing body from 1st September 2025. The Governors thank Matt Small for his work during the year and continued support of the School. The Govemors welcomed Gillian Bissel to the Governing body during the year. Our Vision To transform the lives of children with learning differences and their frdmilies. The Unicom Trust Report of the Trustees for the year ended 31st August 2025 Mission St81ement To equip our students with the necessary skills and confidence to become independent leainers. so that they can recognise their personal strengths and communicate their individual needs, goals and values as they prepare for their future. Our Core Values Respect where this means - Self-Respect. Toleran￿, Understanding, Acceptance, Healthy Living and Mutual Respect Detemiination relating lo- Focus. Perseverance, Resilience. Aspiratlon, Challenge. Dedication Teamwork through - Friendship, Fun, Communication. Kindness, Contribution, Positivity Objective5 1. Continue lo deliver high quality teaching, ensuring all pupils leam, thrive and fulfil their potential. 2. Continually develop and apply our leaching expertise in dyslexia. dyscalculia, dyspraxia, speech and language learning differences and Autism. 3. Slep change our facilities provision lo support and enhance our teaching provision. 4. Extend the impact of The Unicom School through an outreach programme. 5. Operate on a financially sustainable footing, funding new initiatives through operational cashflow and fundraising. ow we meet ourobjectives.. We offer the national curriculum, tailored to the individual needs of each child, and we teach using a multi-sensory approach. We have a maximum of twelve students in each class. supported by both a teacher and a leaching assistant, Our staff are highly skilled and experienced al supporting pupils with leaming differences. We offer daily one-to-one lessons for pupils between Y3 and Y8, and study skills groups for years 9 and above. We use assistive technology across all key stages. All staff are trained and mentored in creating a safe and calm learning environment. with a focus on sensory needs. We focus on supporting the whole student. placing equal importance on supporting their mental health as well their academic journey. We provide on-site therapies including Occupational Therapy, Speech and Language Therapy, Integrative Play Therapy, Soci81 Communication Session5, and Emotional Support Learning Assistants and access to Counselling services. We build on our pupils, strengths and passions lo provide tsilored career guidance. helping to prepare them for adulthood. INe support parents and carers with theirjourney. providing them with the information and resources lo empower them lo support their children outside of the school. We have a safeguarding team led by our full-lime Designated Safeguarding Lead. Achievernents and performan¢e The School had 119 children on roll at the start ofthe year in September 2024 through lo the end oflhe academic year. Circa 60Q/o of our pupils are ftjnded by Local Aulhorrties. Mr Matt Small was temporary Headteacher for our first two term5 of the year with Mrs Alison Woodworth-slurla appointed as Headleacher from 1 April 2025 and Mr An(Jrew Day was promoted to Executive Headteacher. We now have three Deputy Headteachers as SENCO, Pastoral and Academic. The Unicorn Trust Report of the Trustees for the year ended 31st August 2025 To date school fees and donations have been the Charity's main source of income. In the financial year ended 31 st August 2025 donations received amounted to £194,23012024'. £143,347). School fees received amounled 10 £3.863.16312024. £3,334,500). Total le￿iPts amounted to £4,638,22112024.. £3,920,683). Costs of all the Charity's activities, including salaries, staff pension scheme. equipment and general running costs amounted lo £4,390,616 12024.. £3,506,9171 leaving a surplus of £247,605 12024'.£413,766} for the year. The School continues to provide full time education bmadly in line with the National Curriculum and continues lo benefit from ils CReSTeD and ASDAN accreditations. Educational Provision Academic Currlculum We have expanded our curriculum offer in KS4 to include a broader range of GCSE and level 1 and 2 BTEC Tech Awards. Qualifications in English, Science. History, Art, Food and Nutrition offer more than one qualification pathway including Functional Skills. Entry Level Certificates and ASDAN programmes. Our first cohort of KS5 started in September 2025 and are working towards Level 1 and Level 2 BTEC Awards in Vocational Studies, Work Skill and Personal Growth and Wellbeing. Outcomes for pupils are broadly in line with expected national outcomes with most pupils achieving 7 subjects, which equips them for their next phase of learning at Sixth Form, College, Apprenticeship or employment with all pupils entering into one of these post-16 pathways. Particular highlights for 2025 results were 66.7'k grade 4+ in IGCSE English, 60 /0 grade 4+ in GCSE Combined Scien￿ and GCSE English Lileralure, 1 OOOA grade 5+ in GCSE Art. 1000/0 grade 4+ in GCSE Food and Nulrilion. Cross-Curricu18r8nd Extra-curricular Opportunities The school provides opportunities for sailing and swimming lessons with a high uptake in KS2 and KS3. An annual overseas ski trip continues to run and there are further residential activities for KS2 and KS3. For 2025-2026 we are expanding the offer lo include an overseas vislt to a European City. Weekty clubs are offered in 8 range of activities developing digital skills, role play, team games, and crafting offering important structured social contact time for pupils with SCLN, SEMH and ASD. SpecialEducationalNeeds We spent last academic year building and embedding our integrated therapeutic approach within the school. Our team of on-site Iherapisls deliver over 30°A of therapeutic provision within the classroom in each key stage. The team consist of Speech and Language Iherapisls. Occupational Therapists and a Creative Arts Integrative therapist. Pastoral Our students, mentsl health 2nd wellbeing continues to be al the forefront of everything we do. We have a full- time mental health lead who is available to support our students throughout the school day, along with the Deputy Head Pastoral Lead, they head up a Pastoral and Wellbeing Support IPAWSI team. This includes two Emotional Literacy Support AssislantslELSAsl, Iwo further members of staff training lo be ELSAS and the School Nurse. In January 2023 we welcomed Briggs, a certified Therapy Dog lo the school - he has been extremely well received by all our students and greets students in the mornings when they first come into school. In October 2022 we were humbled to receive the Carnegie Centre of Excellence Mental Health Gold Award, which recognises our school-wide approach to mental health support for both students and staff- we are currently in the process of applying for reaccreditalion after holding this award for the last three years This also forms part of our five year mental health strategy. The team of therapists work with the SEN team and PAWS team to provide the integrated therapy across the school for all students. The Unicorn Trust Report of the Trustees for the year ended 31st August 2025 Fundraising All fundraising activity by The Charity is carried out in-house, led by our Head of Marketing and Fundraising and Fundraising Manager. We do not employ any Ihird-paty suppliers to help us raise funds. Vvhen running fundraising events, the fundraising team is supported by an active group of volunteers. made up of sl8ff, parents and friends of the school. In particular, the school has an active Parent Teacher group who help to organise the school's annual Christmas and summer fairs. All volunteers who fundraise for the school are iequired lo confirm that they comply with the Code of Fundraising Practice. The Charity has due regard lo the Code of Fundraising Practice in the UK. There have been no complaints about fundraising activity this year. The Fundraising events that have taken place this year are.. Christmas appeal- December 2024 Blenheim 7K Running Event- May 2025 School Summer Fair- June 2025 In line with our Fundraising Strategy, our focus over the coming year is lo fund Phase 2 of the Charty's Ock Mill site, the Mill Building. This income will be raised primarily from Trusts and Foundations, with some funds coming from individuals, friends of the school and corporates. We would like to thank everyone who has fundraised for, donated, volunteered, and supported The Unicorn S¢hool. We are especially grateful lo the below foundations-. Garfield Weston Foundation The Combe Bank Educational Trust The Wooden SpcK)n Charity The Mosawi Found81ion Crilchley Charitable Trust The M8cFarl8ne Family Foundation E B M Charitable Trust Pye Chafitable SettSement The PF Charitable Trust We look forward lo building more relationships with foundations, companies. and others over the coming years. with a specific fr￿uS on our next project to create our third school sile. All the Charity's marketing activities are undertaken directly lo ensure that this activity is not unreasonably persislenl or intrusive. No external marketing campaigns are undertaken, and fundraising Communicat￿On to the school comMun￿ty is a minor part of those communicab'ons and limited to specific events or inilialNes. Publlc benefit The Trustees have complied with their duty to have due regard lo the guidance on public benefit published by the Charity Commission in exercising their powers and duties through the introduction of specialist educational outreach activities to other schools, parents and professionals. The Unicorn Trust Report of the Trustees for the year ended 31st August 2025 Our staff continue to SUPPOrt local teachers, teaching assistants. parents and carers, sharing their knowledge, skills and experience of how lo support children with learning differences. This year we have shaied best practice with many teachers from local schools thmugh outreach events. Our Deputy Head and outreach team delivered 2 sessions to students at Brookes University who are undertaking their Masters in Specific Learning Difficulties. They also delivered a session at WADD ED conference on supporting Dyslexic students in the mainstream. A successful webinar was held supporting Dyscalculic students lo over 20 delegates. Teachers from 4 different local schools were invited on site to observe best practice and meet with key specialists. We have continued with our assessment centre lo provide parents in the local area access to earlier diagnosis for their children through formal assessments, assessed by qualified specialist staff. Children can be assessed for dyslexia. and dyscalculia. Future plans The additional sile purchased last year has been developed during the year with the first building completed on 15 August 2025 and prepared for occupation from 4 September 2025. Key Stage 4 is based al the new location and we have introduced a Key Stage 5 provision based on independence including life skills and careers. The new building has meant we are able lo increase our pupil numbers that we are now able lo support. It is intended to continue lo grow pupil numbers across both our siles over the next few years. There is 8 second building th81 we are kjoking to carry out a significant refurbishment on lo make it ready for educational use. It is intended the second building will be for the 6th form college (Key Stage 51 with classrooms, specialist food technology facility, career hub, sludenl and staff work facilities and spaces. Alongside our plans for growth, we will continue lo provide the same world-¢las5 specialist provision forour current slu(Jents. We are increasingly being regarded as a centre of excellence al a national level and are invited to speak al various events. Events we have attended during the year are the Dyslexia Show and EduTech Europe. Princlpal risks and uneertainties The Board and senior management team maintain a constant watch over risks lo the org8nisation, maintaining risk register of the more significant risks that can be anticipated. The registe¥ is scrutinised by the Board and senior management on a regular basis and updated and actioned as appropriate. Reserves polley Al the year end the Charty has a negative balance of1£1,308,1601 in respect of free reserves (excluding restricted funds and fixed assets), due lo the purchase ofthe new sile12024'. £257,523 positive free reserves). The Trustees regularly monitor the Charity's financial and cash flow position lo ensure that it has sufficient working capitsl available lo meet any foreseeable expenditure and protect from the exposure to known risks plus contingency for unexpected events. The organisation aims lo achieve reserves al a minimum level equivalent to 200A of annual school tees. This is not currently achieved due lo the investment in the new site. Ants'cipaled pupil numbers over the next few years will see the reserves return lo an improved level. Auditors A resolution proposing that Wenn Townsend be re-appointed as auditors of Éhe charity will be pul to the Annual General Meeb'ng. The Unicorn Trust Report of the Trustees for th9 year ended 31stAugust 2025 Trustees. responsibilities The Trustees Iwho are also the directors of The Unicorn Trust for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees lo prepare financial statements for each financial year, which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., slate 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 charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware.. there is no relevant audit information of which the charitable company's auditor is unaware., and the Trustees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit information and to establish that the auditor is aware of that infoimalion. The Trustees are responsible foi the Maintenan￿ and integrity of the Charity and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report was approved by the Board on 7 March 2026. Andrew Strivens Director and Chair of Governors The Unicorn Trust Independent Auditor's Report to the members of The Unlcorn Trust Oplnlon We have audited the financial st8lements of The Unicorn Trust (the 'charilable company'l for the year ended 31st August 2025 which comprise the Statement of Financial Aclivilies, the Balance Sheet, the Cash Flow Statements, and notes to the financial statements, including a summary of Significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporbng Standard 102 The Financial Repothng Standard applicable in (he UK and Republic of Irèland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 31st August 2025, 2nd of its incoming resources and application of resources. including ils income and expenditure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally AC￿pIed Accounting Practice., and hove been prepared in accordan￿ with the requirements of the Companies Act 2006. Basi5 for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilitie5 for the audit of the financial slalements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical re5ponsibililies in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng eoncem In auditing the financial statements, we have concluded that the trustees. 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 lo events or conditions that. individually or collectively, may cast significant doubt on the charity's 8bilily lo continue as going concern for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Other Information The Trustees are responsible for the other information. The other information comprises the information included in the Trustees, annual report, other than the financial slalements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial slalements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalemenls. we are required lo determine whether there is a materiel misslalemenl in the financial statements or a material misslatemenl of the other information. If, based on the work we have performed, we conclude that there is a material misstalemenl of this other information, we are required to report that fact. We have nothing to report in this regard. The Unkorn Trust Independent Audltor's Report to the members of The Unicorn Trust Icontinuedl Oplnions on other matters prescribed by the Companies Act 2006 In our opinion. basecl on the work undertaken in the course ofthe audit.. the information given in the Trustees, report lincorporaling the directors, report) for the financial year for which the financial statements are prepared is consislenl with the financial slatemenls.. and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to rgport by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the 8udil, we have not identified material misslalemenls in the directors, report. We have nothing lo report in respect of the following matters in relation lo which the Companies Act 2006 requires us lo report to you if. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial slalements are not in agreement with the accounting records and returns., or certain disclosures of directors. remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. Responslblllties of Trustees As explained more fully in the Trustees, responsibilities statement sel out on page 7, the Trustees (who are also the directors of the charitsble company for the purposes of company lawl are responsible for the preparation of the financial ststements 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 slalements that are free from material misstatement, whether due lo fr8ud or error. In preparing the financial sl8lemenls, the Trustees are responsible forassessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operation5. or have no realistic alternative bul to do so. Auditor's responsibilitles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are free from material misslatemenl, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guaianlee that an audit conducted in accordan￿ with ISAS IUKI will always detect a material misslalemenl when it exists. Misslalements 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. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.org.ukJauditorsresponsibililies. This description forms part of our auditor's report. Irregularities, including fraud, are instances of non-compli8ncewith laws and regulations. We design proTrdures in line with our responsibilities, outlined above. lo delect material misstatements in respect of irregul8rities, including fraud. The specific prtscedures for this engagement and the extent lo which these are capable of detecting irregularities, including fraud is detailed below.. Enquiry of management and those Charged with governance around actual and potential litigation and claims.. Reviewing minutes of meetings of those charged with governance.. Reviewing financial statement disclosures and testing lo supporting documentation to assess compliance with applicable laws and regulations., Performing audit work over the risk of management override of controls, including lesling ofjournal entries and other adjustrnents for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing 8ccounkn.ng ests'males for bias. The Unicorn Trust Independent Auditor's Report to the members of The Unicorn Trust (continued) Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-complianGe with regulation. This risk increases the more that compliance with a law or regulab'on is removed from the even15 and transactions reffected in the financial statements, as we will be less likely to become aware of instances of non- compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collLJsion, omission or misrepresentation. 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 ofthe Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charitable company s members those matters we are required lo slate to them in an auditor's report and for no other purpose. To the ftjllest extent permilled by law, we do not accept or assume responsibility to anyone olhei than the charitable company and the eharitable company's members as a body, forouraudil work. for this report, or for the opinions we have fomied. Ajay Bahl B BFP FCA (Senior Statutory Auditor) For and on behalf ofwenn Townsend Chartered Accountants and Statutory Audltor Oxford 7 Mar¢h 2026 10 Jnoo ry> o (D r ¢x> oi r ( 00 rD r OJ O c c x x x LU LU LU The Unicom Trust Balance Sheet At 31st August 2025 Notes 2025 2024 Fixed assets Inl8ngible fixed assets Tangible fixed assets 11 12 13,008 5,283,405 20,355 2,880,146 5,296,413 2,900.501 Current assets Debtors C8sh at bank and in hand 13 1.520,993 1,430,536 828,954 1,520,993 2,259,490 Creditors: amount falling due wlthln one year Provision for Liabilltles 14 12,819.7441 11,706,125) 111,4001 12,819,744) 11,717,525) Net Current assets {1.298.7511 541,965 Total assets less current Ilabllltles 3.997,662 3,442,466 Creditors: amount falllng due after one year 15 {1,958,7501 11,653,750) Net assets 2,038,912 1,788,716 Funds Unrestricted funds Designated funds Restricted funds 2.026.912 1,5CN).349 3,925 284,442 12.000 Total Funds 16 2,038,912 1,788.716 The financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating lo smaller companies. The financial statemen15 were approved by the Trustees on 7 March 2026 and signed on their behalf by.. Andrew trivens Director and Chair of Governors Company number. 3588494 The notes on pages 14 to 22form partof these a¢¢ounts 12 The Unlcorn Trust Cash Flow Statemènt At 31stAugust 2025 Notes 2025 2024 Net cash flow from operatlng activities 21 87g,458 248,398 Cash flow from Investing activitles,. Purchase oftarTrgible assets Interest received 12.498,7721 9,Cx)6 12.543,9241 26,359 Net cash flow from investing actlvities 12,489,766) 12,517,565) Cash flow from financing activitles Proceeds from long term borrowings 305,000 1,653,750 Net cash flow from financing actlvltles 305,000 1,653,750 Nel increasel{decreasel in cash 11,305,308) 1615,4171 Cash ot 1stSeptember2024 828,954 1.444,371 Cash at 31st August 202S 1476,3541 828,954 The notes on pages 14 to 22 form part of these accounts 13 The Unicorn Trust Notes formlng part ofthefinancial statements for the year ended 31st August 2025 Accounting policies lal Basls of preparation The Financial Statements of the Charitable Company have been prepared on a going concern basis and under the historical cost convention and in accordance with Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective October 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Charities Act 2011 and the Companies Act 2006. The financial statements are prepared in sterling. which is the functional currency of the Charity, rounded to the nearest £1. The Charity constitutes a public benefit entity as defined by FRS 102. The significant accounting policies of the Charity are set out below and have been consistently applied lo all years presented unless otherwise staled. Ibl Company charitable status The Charity is a company limited by guarantee. The Trustees who act as directors for the purposes of company law are the sole members of the company. In the event of the Charity being wound up. the liability in respect of the guarantee is limited to £1 per member of the Charity. The registered Charity number is 1070807. Icl Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restrfcted funds are funds which are to be used in accordance with specrfic restrictior¢s imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes lo the financkal statements. {dl Investment policy The Charity invests surplus funds in a deposit account until required. le) Income All Income is included in the SOFA when the Charity is legally enlilled lo the income and the amount can be quantified with reasonable accuracy. Income from charitable activities represents School fee charges and services rendered during the year. Fees relating to the Autumn School term received before the accounting year end are deferred in ftjll. ifj Expendlture All expenditure, inclusive of irrecoverable VAT. is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consistent with use of the resources. Fundraising costs are those incurred in seeking voluntary Contributions. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with the administration of the Charity and compliance with conslilulional and statutory requirements. 14 The Unlcom Trust Notesforming part ofthe flnancial ststements for the year ended 31st August 2025 Accounting pollcles Icontinuedl Igl Tangible fixed assets and depreciation Tangible fixed assets with purchase costs greater than £500 are capilalised and included al cost. Depreciation of fixed assets is provided, al the folbwing rates, in order to write off the assets over their estimated useful lives,. Leasehold land and buildings Freehold buildings Freehold land Computerequipment Office fvmiture and fittings Playground and classroom equipment 10VD Straight line 2Vo Straight line after completion 25-33°k straight line 15 /0 straight line 10_20gk straight line Intangible tixed assets and amortisation Intangible fixed assets with purchase costs greater than £500 are capilalised and included al cost. Amortisalion of intangible fixed assets is provided, at the following rates, in order to write off the assets over their estimated useful lives.. Website 200/0 Straight line Operating leases Rentals payable under operating leases are charged to the SOFA on a straight line basis over the lease term. o) Penslon costs The Charity operates a defined contributlon pension scheme through Scottish Widows for the benefit of its employees. Contributions payable are charged to the SOFA in the year they are payable. Contributions tolalling £34,265 {2024.' £26,381) were payable lo the scheme al the end of the year and are inctuded in creditors. {kl Going concern The financial statements have been prepared on a going concem basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity lo be able lo continue as 8 going concern. Income from charitable actlvlties Unrestri¢t¢d Restrlcted Total funds funds funds 2025 Total funds 2024 Gross fee income Bursaries provided School trips, In