2024-07-31-accounts

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 Registered number: 03636078 Charity number: 1073945 THE DOREEN BIRD FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 VINTwfys

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees, Report Independent Auditors. Report on the Financial Statements 10-13 Consolidated Statement of Financial Activities 14 Consolidated statement of financial position 15 Company statement of financial position 16 Consolidated ststement of cash flows 17 Notes to the Financial Statements 18-41

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2024 Trustees G. F. Pine, Chair {appointed 26 February 2009) S. A. Coen, Chief Executive Officer and Accounting Officer of subsidiary trading college (appointed 26 February 20091 L. de Abreu. Principal and Artistic Director of subsidiary trading college (appointed 26 February 2009) S. J. Atkins (appointed 30 October 2015) J. P. Emery (appointed 27 January 2016) N. Patel (appointed 11 October 2016) S. R. Watson-Fowler (appointed 21 July 2020, resigned 1 October 2024) P. P. Catterall (appointed 24 February 2023) Company registered number 03636078 Charity registered number 1073945 Registered office CIO Greenwoods Legal LLP Monkstone House 30 City Road Peterborough PE1 1JE Chief eXeC￿1ve officer S. A. Coen Independent auditors Venthams Chartered Accountants Statutory Auditor Summit House 12 Red Lion Square London WC1R 4QH Bankers Barclays Bank plc Bexleyheath Business Centre Kent Solicitors Greenwoods Legal LLP Monkstone House 30 City Road Peterborough PE1 1JE Page 1

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2024 The Trustees present their annual report together wth the audited financial statements of the Charity for the year 1 August 2023 to 31 July 2024. The Annual Report serves the purposes of both a Trustees, report and directors, report under company law. These documents, together V￿th the auditorfs report, fomi the financial statements for the year. The Trustees confim) that the Annual Report and financial statements of the charitable company comply with the current statutory requirements under the Companies Act 2006, the requirements of the charitable company's governing documents and the provisions of the Statement of Recommended Practice {SORP} applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (effective 1 January 2015) as amended by Update Bulletins 1 and 2. The directors of the Company are its Trustees for the purpose of chanty law and throughout this report are ollectively referred to as "the Trustees". The Doreen Bird Foundation is referred to in this annual report and financial statements as 'lhe Charity" the Company" and 'Yhe Foundation" The subsidiary company, The Doreen Bird College of Performing Arts Limited is referred to in this annual report and financial statements as "the College" and "the Subsidiarl,. The Charity and the College together are referred to as "the Group" The Doreen Bird Foundation is a limited company incorporated on 22 September 1998 under the Companies Acts.and is also a registered charity. The company is limited by guarantee and does not have a share capital. It is exempt from using the word Limited in the name of the company. On 22 February 1999 Mrs D J Cook and Mr F E Cook transferred their holdings of 900 and 100 shares respectively in the Doreen Bird College of Performing Arts Limited to The Doreen Bird Foundation. These have been included in the financial statements at the esb'mated value at the date of transfer. Mrs D J Cook died on 4 February 2004. By her will she left the charity three properties under a permanent endowTnent subject to the payment by the Charity of the expenses of the estate including inheritance tax. These were included as tangible fixed assets but were sold in a previous year and replaced by a further asset which was acquired for and is being developed for the purposes of the trade ofthe Subsidiary. Page 2

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 OBJECTIVES AND ACTIVITIES Policies and objectives As stated in the Articles of Association. the Charity's objects are restricted specifically, in each case for the public benefit. to= advance the education of the public in the study of performing arts. dance. drama. singing and related subjects., to promote the development of education in the perfomiing arts of dance and drama, signing and related subjects in college's, schools and other educational establishments., and. promote the development of facilities for the teaching and perfomance of performing arts, dance, drama, singing and related subjects. In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IPB2)'. b. Strategies for achieving objectives To achieve its objectives the Charity provides scholarships, bursaries and awards to applicants to attend courses and provides support to establish and maintain any college. school. or educats'on body ￿ere students may be educated in perfomiing arts, dance, drama, singing and related subjects. c. Activities undertaken to achieve objectives The Charity has provided support to students of the College by way of providing bursaries and other financial support towards students, tuition fees. Some of these bursaries were allocated from restricted funds as the awarding of these funds confomis to the restrictions placed on these funds when they were given to the company. The Charity receives a market rent from the subsidiary for the building provided by the Charity to the College for the purposes of the College's trade. The costs incurred on the acquisition and refurbishment of the new premises mentioned above have been either financed from the cash reserves of the Subsidiary (and therefore reflected in the balance on the intercompany account) or from bank loans granted by the Charity's banker or from the sale proceeds of the three properties bequeathed to the Charity under the will ofthe Founder, Mrs. Cook. Page 3

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 ACHIEVEMENTS AND PERFORMANCE . Main achievements of the Charity The Charity has continued to provide support to its trading subsidiary by way improvement of the site occupied by the Subsidiary and the provision of bursaries for students. The Subsidiary pays a market rent for the property which is used for the servicing of the bank loans that V￿re taken out to purchase and improve the site. b. Key perforniance indicators The Charity has not set any Key Perfomiance Indicators. c. Review of activities The results for the year are as set out in the consolidated statement of financial activities. The Subsidiary achieved a surplus for the year which wll be passed to the Charity as a Gift Aid donation in the following year allowng the Charity to fvnd future its charitsble expenditure and the development of the site for the College. d. Fundraising activities and income generation The Charity undertakes no direct fund raising but received income from the letting of its premises to the subsidy, a contribution from the University support the activities of the trading subsidiary and from miscellaneous donations. e. Investment policy and perfomiance All funds are held for short temi use and are therefore maintained in bank current accounts. FINANCIAL REVIEW a. Reserves policy The Trustees have examined the Charity's requirements for reserves in the light of the main risks to the Charity. They have determined that given the commitment to assist the Subsidiary, it should maximise the level of its unrestricted funds in order to provide this assistsnce in the fvture. Page 4

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 b. Principal risks and uncertainties The Trustees have considered the principal risks and uncertainties the Charity and the Group are exposed to. The subsidiary is exposed to a number of risks which are specific to the affairs of the Subsidiary and these are disclosed in full in the subsidiary's accounts as follows'.- Introduction The College has well developed strategies for managing risk and strives to embed risk management in all that it does. Risk management processes are designed to protect The College's assets, reputation and financial stability. The Board of Directors and relevant Su￿coMMitteeS have undertaken further work during the year including developing the system of intemal control, including financial, operational and risk management which is designed to protect The College's assets and reputation. A risk register is maintained which is reviewed by the Directors. The risk register identifies the key risks, the likelihood of those risks occU￿lng, their potential impact on The College and the actions being taken to reduce and mitigate the risks. Risks are prioritised using a consistent scoring system. The Board of Directors undertakes a comprehensive review of the risks to which The College is exposed. Some of this review is undertaken by sulFcommittees ofthe Board. including the Financial and General Purposes Committee and the Health and Safety Committee. The Board of Directors identifies systems and Pro￿dures, including specific preventable actions which should mitigate any potential impact on The College. The intemal controls are then implemented and the subsequent year's appraisal wll review their effectiveness and progress against risk mitigation actions. In addition to the annual review, the Board of Directors will also consider any risks which may arise as a result of a new area of work being undertaken by The College. This is supported by a risk management training programme to raise awareness of risk throughout The College. Risk: Tuition fee policy Ministers have confimied that the fee assumption remains at 50%. In line wrth the majority of other colleges, The College will seek to increase tuition fees in accordance wth the fee assumptions. The risk for The College is that demand falls off as fees increase and this reduces the income stream of from these sources. This will impact on the growth strategy of The College. The risk is mitigated in a number of ways'.- Ensuring The College is rigorous in delivering high quality education and training, thus ensuring value for money for students. Close monitoring of the demand for courses as prices change. Increasing the number of full fee paying students such as overseas students. Risk: Government and local authority funding The College has considerable reliance on continued govemment funding through the further and higher education sector funding bodies. In 2023124 80% {2022123'. 770A) of The College's revenue was ultimately publicly funded and this level of requirement is expected to continue. There can be no assurance that government policy or practice will remain the same or that public funding will continue at the same levels or on the same terms. Page 5

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 The College is aware of several issues which may impact on future funding.. The funding may cease either through the actions of a change in Govemment Policy, the perfom)ance of the students of The College or a change in criteria of the fvnding bodies which may mean The College no longer qualifies for funding- The levels of fvnding may be reduced The risk is mitigated in a number of ways'.- Funding is derived through a number of direct and indirect contractual arrangements. By ensuring The College is rigorous in delivering high quality education and training. Considerable focus and investment is placed on maintaining and managing key relationships with the various funding bodies. Ensuring The College focuses on those priority sectors which will continue to benefit from public funding. Regular dialogue with funding bodies. Risk: Legislation and health and safety In line with other Colleges and businesses. The College is exposed to the risk of action by existing staff, students or members of the public from the failure to operate the business in accordance with current legislation including that covering health and safety matters. The risk is mitigated in a number of ways'.- Setting up a health and safety sub-committee to look at all aspects of health and safety. Appointment of an Operations Manager and additional premises supervisors. Engaging a specialised health and safety company to cary out fomial risk assessments on the assets of The College. Engaging a specialised human reSoUr￿S company to ensure that all staff matters are in accordance with the relevant legislation. Ensuring that all staff receive adequate training in health and safety matters. STRUCTURE GOVERNANCE AND MANAGEMENT a. Constitution The Doreen Bird Foundation is registered as a charitsble company limited by guarantee and was set up by a Memorandum of Association. On 7 December 2021 the Charity adopted new Articles ofAssociation designed to reflect modem practices and procedures. Page 6

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 STRUCTURE GOVERNANCE AND MANAGEMENT (continued) b. Methods of appointrnent or election of Trustees The management of the Charity is the responsibility of the Trustees. The Trustees are elected under the terms of the Articles of Association which state that the number of trustees shall not be less than three but shall not be subject to any maximum. The first trustees were appointed under the Articles of Association and subsequent trustees may be appointed to be a Trustee by a resolution of the Trustees. The usual term of office for a Trustee shall be three years at the end of which they shall retire but are eligible for reappointment by the Trustees for up to a further two terms, each of three years. On appointment as a Trustee the individual becomes a member ofthe Charity. The Charity has no staff so all decisions are made by the Trustees. The Trustees serving in the year and since the end of the year are set OLrt on page 1 of these financial statements. c. Policies adopted for the induction and training of Trustees No specific policies have been adopted for the induction and training of trustees. d. Pay policy for key management personnel There are no key management personnel employed directly by the Charity. The pay policy for the key management personnel employed by the trading subsidiary is detem)ined by the Board of Directors of the subsidiary. e. Financial risk management The Trustees have assessed the major risks to which the Group and the Charity are exposed, in particular those related to the operations and finances of the Group and the Charity. and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. PLANS FOR FUTURE PERIODS The new site provided for the trading subsidiary has now been fully occupied by the Subsidiary, but there is a continual and on going need to look at expansion of this site. The Charity's bankers continue to provide additional support to undertake this expansion. This includes the Charity providing the Subsidiary with modular buildings acquired by means of finance leases to be used a additional classrooms. TRUSTEES. LIABILITY The trustees of the Charity are are required to become members of the Charity and guarantee to contribute an amount not ex￿edIng £10 to the assets of the Chanty in the event of winding up. Page 7

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 ststement of Trustees. responsibilities The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . 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 the Charity and of their incoming resources and application of resources, including their income and expenditure. for that period. In preparing these financial statements. the Trustees are required to= select suitable accounting policies and then apply them consistently.. obseNe the methods and principles of the Charities SORP (FRS 102)., make judgements and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards {FRS 102) have been followed. subject to any material departures disclosed and explained in the financial ststements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Group wll continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and 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 Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. DISCLOSURE OF INFORMATION TO AUDITORS Each of the persons who are Trustees at the time vthen this Trustees, Report is approved has confimed that.. so far as that Trustee is aware, there is no relevant audit infomiation of which the charitable group's auditors are unaware. and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information. AUDITORS The auditors, Venthams, have indicated their V￿llIngneSS to continue in office. The designated Trustees wll propose a motion reappointing the auditors at a meeting of the Trustees. Page 8

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Approved by order of the members of the board of Trustees and signed on their beha￿ by: SwJThed br. SryTrEd br. G. F. Pine Directorltrustee and chair Date.. 16 December 2024 S. A. Coen Directorrtrustee 16 December 2024 Page 9

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOREEN BIRD FOUNDATION Opinion We have audited the financial statements of The Doreen Bird Foundation (the 'parent charitable company,) and its subsidiaries (the 'group'l for the year ended 31 July 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated Statement of Financial Position. the Company Statement of Financial Position, the Consolidated Ststement of Cash Flows and the related notes, 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 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 of the parent charitable company's affairs as at 31 July 2024 and of the Group's incoming reSoUr￿S and application of resources. including its income and expenditure for the year then ended., have been propedy prepared in accordance 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 Intemational Standards on Auditing {UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, 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 United Kingdom, including the Financial Reporting Council'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 Trustees, use of the going concem 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 onditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concem for a period of at least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the relevant sections of this report. Page 10

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOREEN BIRD FOUNDATION (CONTINUED) Other infomiation The other infomation comprises the infomiation induded in the Annual Report other than the financial statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial ststements does not cover the other information and, except to the extent Othe￿Se explicitly stated in our report. 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 infom)ation is materially inconsistent the financial statements or our knowledge obtained in the course ofthe audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine 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 infomiation, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, Report has been prepared in accordance wth applicable legal requirements. Matters on which we are required to report by exception In the light of our knO%￿edge and understanding of the charitsble company and its environment obtsined in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if. in our opinion- the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us., or the parent charitable 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 InfO￿atIOn 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 detem)ine 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 Group's and the parent charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operation5, or have no realistic altemative but to do so. Page11

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOREEN BIRD FOUNDATION (CONTINUED) Auditors. responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about vthether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wth ISAS (UK) will always detect a material misstatement vthen 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line wth our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experien￿ of the sector that the Company operates in- we focused on specific laws and regulations vthich we considered may have a direct material effect on the financial ststements or the operations of the company. including the Companies Act 2006. taxation legislation and data protection, employment, and health and safety legislation- identified laws and regulations V￿re communicated V￿thin the audit team regularly and the team remained alert to instances of non<ompliance throughoLrt the audit. We assessed the susceptibility of the CoMpan￿S financial statements to material misststement, including obtsining an understanding of howfraud might occur, by.. enquiry of management. those charged wth govemance and the entity's solicitors around actual and potential litigation and daims., enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance wth laws and regulation- reviewing minutes of meetings of those charged Nvith govemance. reviewing financial statement disclosures and testing to supporting documentation to assess Complian￿ with applicable laws and regulations. To address the risk of fraud through management bias and override of controls, we: perfomied analytical procedures to identify any unusual or unexpected relationships- tested joumal entries to identify unusual transactions- assessed whether judgements and assumptions made in detemiining any accounting estimates,. Page 12

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOREEN BIRD FOUNDATION (CONTINUED) investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation- reading the minutes of meetings of those charged V￿th govemance- enquiring of management as to actual and potential litigation and claims., reviewing correspondence HMRC and other relevant regulators and the company's legal advisors. Because of the inherent limitations of an audit, there is a risk that V￿ TrMII not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance a law or regulation is removed from the events and transactions reflected in the financial statements, as we wll 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, collusion, omission or misrepresentation. 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.or .ukJauditorsres onsibilities. This description forms part of our Auditors, Report. Use of our report This report is made solely to the charitsble 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 Auditors, Report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members. as a body, for our audit work, for this report, or for the opinions we have formed. Mark Taylor {Senior Statutory Auditor) for and on behalf of Venthams Chartered Accountants Statutory Auditor Summit House 12 Red Lion Square London WC1R 4QH Date.. 1611212024 Page 13

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024 Endowment fvnds 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income Charitable activities Other trading activities subsidiary turnover Interest re￿1vable 2, 289 6,095,547 256 6,095,547 256 5.905, 826 197 Total income 6.095.803 6,095.803 5,908,312 Expenditure on: Expenses of the subsidiary excluding rent paid - excluded on consolidation 5,772,530 5,772,530 5,495, 199 Charitable activities= Grants to support the performing arts Interest on finance leases and deprecation on the related assets Govemance costs 8,210 8.210 5,441 62.321 62,321 10,923 82,512 10,923 Interest on bank loans 149,703 149,703 127,849 Total expenditure 62.321 5,941,366 6,003,687 5, 718,501 Net income for the year (net movement in funds) (62,321) 154,437 92,116 189,811 Reconciliation of funds: Funds brought fomard Net income for the year (net movement in funds) 1.755.035 933.104 3,299,594 5,987,733 5, 797, 922 (62.321) 154,437 92,116 189,811 Funds carried forward 1.755.035 870.783 3,454,031 6,079,849 5,987, 733 The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year. Page 14

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Note Fixed assets Tangible assets 12 7,918,143 7, 985, 809 7,918,143 7, 985, 809 Current assets Stocks Debtors 15 16 10,165 155,206 1.123,126 15,410 161,849 769, 224 Cash at bank and in hand 1,288,497 946,483 Creditors.. amounts falling due wthin one year 17 11,383,222) (979, 030) Net current assets I liabilities {94,725) (32, 547) Total assets less current liabilities 7,823,418 7, 953, 262 Creditors.. amounts falling due after more than one year 18 11,743,569) (1,965,529) Total net assets 6,079,849 5,987, 733 Charity funds Endowment funds 19 1,755,035 870,783 3,454,031 1, 755, 035 933, 104 3, 299, 594 Restricted funds 19 Unrestricted fvnds 19 Total funds 6,079,849 5,987, 733 The Trustees acknO￿edge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements V￿re approved and authorised for issue by the Trustees and signed on their behalf by.. SvJn•d by.. br. SXèèY4AÈ'." """ """ """ Ine Director and chair Date.. 16 December 2024 S. A. Coen Director 16 December 2024 Page 15

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) CHARITY STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Note Fixed assets Tangible assets Investments 12 6,884,113 70,000 6,873,407 70, 000 13 6,954,113 6,943, 407 Current assets Debtors 16 14,888 219,698 1,011 343, 238 Cash at bank and in hand 234,586 344, 249 Creditors.. amounts falling due wthin one year 17 {337,320 (321,346) Net current assets I liabilities (102,734 22, 903 Total assets less current liabilities 6,851,379 6,966,310 Creditors.. amounts falling due after more than one year 18 11,743,569) (1,965,529) Total net assets 5,107,810 5, 000, 781 Charity funds Endowment funds 19 1,755,035 870,783 2,481,992 1, 755, 035 933, 104 2,312,642 Restricted funds 19 Unrestricted fvnds 19 Total funds 5,107,810 5, 000, 781 The Charity's net movement in funds for the year was £107,029 (2023 - £220,853). The Trustees aCknO￿edge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. TrEd br. SvJrnd trr. G. F. Pine Director and chair Date.. 16 December 2024 S. A. Coen Director 16 December 2024 Page 16

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Cash flows from operating activities Net cash used in operating activities (see note 22) 656,729 521,610 Cash flow5 from investing activities Purchase of tangible fixed assets Additions to investment properties (43,051) 151,149) (150, 302) (59, 143) Net cash used in investing activities 194,200) (209,445) Cash flows from financing activities Cash inflows from new bo￿O￿ng Repayments of borrowings excluding interest 200, 000 (562, 433) (208,627) Net cash used in financing activities (208,627) (362,433) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning ofthe year 353,902 (50,268) 769,224 819,492 Cash and cash equivalents at the end of the year (see note 23 1.123,126 769, 224 Page 17

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 General infomiation The Doreen Bird Foundation is a company limited by guarantee registered in England and Wale5, registration number 03636078. The registered office is CIO Greenwoods Legal LLP, 30 Monkstone House, City Road, Peterborough, PEI 1JE. The Doreen Bird Foundation is also a registered charity viith charity number 1073945. The Doreen Bird Foundation meets the definition of a public benefit entity under FRS 102. Accounting policies 2.1 Basis of preparation of financial statements The financial ststements have been prepared in accordance with.. the Charities SORP (FRS 102) "Accounting and Reporting by Charities.. Statement of Recommended practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). FRS 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland,. - The amendments to FRS 102 pemiitted from the Triennial Review 2017. - The Companies Act 2006 applicable to charitable companies. In the case of the Subsidiary it has to prepare its accounts in accordan￿ with the Statement of Recommended Practice= Accounting for Further and Higher Education 2019 (the 2019 FE HE SORP), the associated College Accounts Direction for 2023 to 2024 and the associated Office for Students Accounts Direction 2019.41. Assets and liabilities are initially recognised at historical cost or transaction value unless othe￿iSe stated in the relevant accounting policy. The Consolidated Statement of Financial Activities (SOFA) and Consolidated Statement of Financial Position consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements. The Company has also taken advantage of the provisions in FRS 102 Section 1.11 and has not presented its individual statement of cash flows. Page 18

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies Icontinued) 2.2 Going concern The activities of the Company and the Subsidiary, together with the factors likely to affect their future development and perfomiance are set out in the Trustees, Report. The financial position of the Company and the group, its cashflow, liquidity and borrowings are presented in the Financial Statements and accompanying notes. Taking into account a period ex￿edIng 12 months from the date of approval of these financial statements, the Trustees have a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future, and for this reason will continue to adopt the going concern basis in the preparation of its Financial Statements. 2.3 Income All income of the holding company is recognised once the Charity has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. The policies adopted for the recognition of income by the Subsidiary are as follows-.- Revenue grant funding Recurrent grants from Funding Councils and other bodies are recognised in line wth the latest estimates of the grant receivable for an academic year. Non-recurrent grants from Funding Councils or other bodies received in respect of the acquisition or construction of fixed assets are treated as deferred capital grants and amortised in line with depreciation over the life of the assets. Non- recurrent grants from Funding Councils or other bodies received in respect of revenue expenditure are recognised in the same period that the expenditure is incurred. Grants received before the expenditure has been incurred are shown in creditors. Fee income and bursaries Tuition Fees and Education Contracts represent amounts receivable from students, parents, Local Education Authorities and Sponsors in respect of tuition fees for the year under consideration. The cost of providing bursaries and fvnding from the Company's own funds is excluded from tuition fees. Bursaries met by other parties are included as Tuition Fees. Agency arrangements The College acts as an agent in the collection and payment of certain discretionary support funds and any other arrangements. Related payments received from the funding bodies and subsequent disbursements to students are excluded from the income and expenditure of the College. Page 19

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies Icontinued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned be￿en those activities on a basis consistent with the use of resources. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives. as well as any associated support costs. Expenditure is accounted for under the accruals concept vAth the addition of Value Added Tax as neither the Company nor the Subsidiary are registered for Value Added Tax. 2.5 Government grants Grants are accounted under the accruals model as pemiitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Consolidated Ststement of Financial Activities in the same period as the related expenditure. Page 20

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies Icontinued) 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £100 or more per individual item are capitalised in both the Company and the Subsidiary and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the revaluation model, tsngible fixed assets whose fair value can be measured reliably shall be carried at a revalued amount, being their fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Following the reorganisation of the subsidiary college into one site in 2016, a detailed review of Fixed Assets was carried out by the subsidiary and a policy was adopted of revaluing those assets which existed at the transfer to a new site at their market value at the date of the transfer. Additions subsequent to the transfer to the new site. and the costs involved wth the creation of Fixed Assets within the new site are shown at cost. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which V￿uld be determined using fair value at the end of the reporting date. Gains and losses on revaluation are recognised in the consolidated statement of financial activities, with a separate revaluation reserve being shown in the Statement of Funds note. Properties rented to other group entities are accounted for under the cost model and are stated at historic cost less accumulated depreciation and any accumulated impairment losses. Assets in the course of construction are induded at costs incurred to date. Depreciation on these assets is not charged until they are brought into use. At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impaimient loss is recognised where the carrying amount exceeds the recoverable amount. Page 21

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies Icontinued) 2.6 Tangible fixed assets and depreciation (continued) Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated usefvl lives, using both the straight line and reducing balance methods. Depreciation is provided on the foll0v￿ng basis= Long-temi leasehold propety Modular buildings being erected on the long- temi leasehold propety are depreciated over the expected life of the buildings of 60 years. In the directorfs opinion the remainder of the long-temi leasehold propety ofthe holding Company has an expected residual value at least equal to the costs as work is being undertaken to improve and extend the site and therefore no depreciation is currently being provided on this. Over the temi of the lease (subsidiary only) Improvements to leasehold premises Costumes and props Motor vehicles Fixtures. fitb'ngs and equipment Computer & IT equipment Musical instruments 20% Reducing balance method (subsidiary only) 20 / Reducing balance method (subsidiary only) 20% Reducing balance method (subsidiary only) 200h Reducing balance method (subsidiary only) 20% Reducing balance method (subsidiary only) The assets, residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate. or rf there is an indication of a significant change since the last reporting date. Gains and losses on disposals are detemiined by comparing the proceeds with the carying amount and are recognised in the consolidated statement of financial activities. 2.7 Investments Investments in subsidiaries are valued at cost less provision for impaimient. 2.8 Stocks Stocks of the Subsidiary are valued at the lower of cost and selling price less selling costs after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs. 2.9 Debtors and prepayments Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid. Page 22

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies Icontinued) 2.10 Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penally 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. In the Statement of Cash Flows. cash and cash equivalents are shovm net of bank overdrafts that are repayable on demand and fomi an integral part of the Company's cash management. 2.11 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past event, it is probable that a transfer of economic benefit wll be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as adVan￿d payments for the goods or services it must provide. A liability is recognised in the Subsidiary to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date. 2.12 Financial instruments The Group only has financial assets and financial 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.13 Finance leases and hire purchase Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Group. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the consolidated statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. 2.14 Operating leases Rentals paid under operating leases are charged to the consolidated statement of financial activities on a straight line basis over the lease tem). Page 23

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies Icontinued) 2.15 Pensions The Subsidiary operates a defined contnbution plan for its employees. A defined contribution plan is a pension plan under which a Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the Statement of Financial Activities when they fall due. Amounts not paid are shown in accruals as a liability in the Consolidated Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds. 2.16 Fund accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial ststements. Endowment funds represent the value of assets gifted to the charity by its founder either as gifts to the charity or as legacies. Investment income, gains and losses are allocated to the appropriate fund. Judgments in applying accounting policies and key sources of estimation uncertainty Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions- The Charity makes estimates and assumptions conceming the future. The resulting accounting estimates and assumptions wll, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed in Note 4 below. Page 24

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Critical accounting estimates and areas of judgement In preparing these financial ststements, the trustees and directors of The Group have considered the following accounting estimates and made the followng judgments= Tangible fixed assets of the subsidiary Certain classes of tangible fixed assets of the subsidiary were revalued during a previous year at estimated market value as assessed by the directors in consultstion with members of staff and external suppliers. Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values. The directors of the subsidiary have considered whether there are indicators of impairment of the tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset. Leases Management detemine whether leases entered into by the Company or the subsidiary as a lessee are operating 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. Page 25

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Income from charitable activities - holding company only Total funds 2024 Support ofthe performing arts Unrestricted runds 2023 Total runds 2023 Support ofthe perfomiing arts 2, 289 2, 289 Income from other trading activities Income from non charitsble trading activities Unrestricted funds 2024 Total funds 2024 Income of the subsidiary- of a charitable nature as the supply of education in the performing arts but as the subsidiary is not a charitable entity this is treated as trading income 6,095,547 6,095,547 Unrestncted funds 2023 Total funds 2023 Income of the subsidiary- of a charitable nature as the supply of education in the performing arts bLrt as the subsidiary is not a charitable entity this is treated as trading income 5.905, 826 5,905, 826 Page 26

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Govemance costs - holding company only Unrestricted funds 2024 Total funds 2024 Auditors, remuneration Auditors, non audit costs 5,250 3,450 2,223 5,250 3,450 2,223 Legal costs Total 2024 10,923 10,923 Unrestricted funds 2023 Total funds 2023 Auditors, remuneration Auditors, non audit costs 3, 000 600 3, 000 600 Legal costs Fundraising costs 3, 864 36 3, 864 36 Total 2023 T, 500 T, 500 Page 27

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Analysis of expenditure on charitable activities - holding company only Summary by fvnd type Restricted Unrestricted funds funds 2024 2024 Total 2024 Support of the performing arts induding govemance costs Interest on bank loans Interest on finance leases and deprecation on the related assets 19,133 149,703 19,133 149,703 62,321 62,321 Total 2024 62,321 168,836 231,157 Restricted Unrestricted runds funds 2023 2023 Total 2023 Support of the performing arts induding govemance costs Interest on bank loans Interest on finance leases and deprecation on the related assets 12,941 127,849 12,941 127,849 82,512 82,512 Total 2023 82,512 140, 790 223, 302 Page 28

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Auditors. remuneration 2024 2023 Fees payable to The Charity's auditor for the audit of The Charity's annual accounts 4,350 Fees payable to The Charity's auditor in respect of.. non-audit services not induded above 4,350 600 10. Employee and staff details Group 2024 Group 2023 The staff costs incurred by the subsidiary were as follows: Wages and salaries Social security costs Contribution to defined contribution pension schemes 3,650,122 326,858 193,650 3.465, 938 308, 350 180, 288 4,170,630 3,954,576 The average number of persons employed by the Charity during the year was as follows.. Group 2024 No. Group 2023 No. Charity 2024 No. Cha17ty 2023 No. Directors of the subsidiary Other key management personnel Teaching staff Non teaching staff Non-executive directors of both The Foundation and the subsidiary Non executive directors of The Foundation 138 110 55 55 203 175 Page 29

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 10. Employee and staff details (continued) The number of directors and key management personnel of the subsidiary who received annual emoluments over £60,000, excluding employer contn'butions to national insurance and pensions but including benefits in kind, in the following ranges was= Group 2024 No. Group 2023 No. £80,001 to £90,000 £110,001 to £120,000 £120,001 to £130,000 The table above has been prepared using actual salaries paid for the period concerned. As no bonuses or additional pay amounts have been paid in either the current or prior year the table is the same as if it had been prepared using basic pay. Full Time Equivalents Taking into account individuals who work part time and individuals not employed for a fvll year, the full time equivalent salaries of these persons Y￿uld be=_ 2024 Figures the individual in the range £80,001 to £90.000 would be in the range £120.001 to £130,000 there are other members of key management who had an equivalent annual salary falling in the range £60,001 to £70.000. 2023 Figures the individual in the range £80,001 to £90, 000 would be in the range £120.001 to £730.000J. there were two other members of key management who had equivalent annual salaries falling in the range £50,001 to £60,000 Other Staff There was 1 other staff member of the subsidiary who received annual emoluments above £60.000 and they would have been in the range £60,001 to £70,000 (2023.. None). 11. Trustees. remuneration and expenses During the year, one or more Trustees has been paid remuneration from an employment as employeesldirectors of the subsidiary. The value of this remuneration and other benefits was as follows.. 2024 2023 S. A. Coen Remuneration 89,981 17.236 122,920 20,596 89, 483 16,877 112, 751 19,042 Pension contributions paid Remuneration Pension contributions paid L. de Abreu During the year, retirement benefits V￿re accruing to 2 Trustees (2023 - 2) in respect of defined contribution pension schemes. Page 30

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 11. Trustees. remuneration and expenses {continued) During the year ended 31 July 2024, no Trustee expenses have been incurred (2023 - £NIL). 12. Tangible fixed assets Group Long-terni Short-terni Costumes. Plant, leasehold leasehold props and Motor equipment property property instruments vehicles and fixtures Total Cost or valuation At 1 August 2023 Additions 7,025.104 1,372.199 51.149 9.378 263,193 2.691 39,184 677,757 9,377,437 30,982 94,200 (13,846) (37,083) Disposals (23,237) At 31 July 2024 7,076,253 1,381.577 265,884 15,947 694,893 9,434,554 Depreciation At 1 August 2023 Charge for the year On disposals 151,697 40,443 579,759 39.302 200,240 13.129 30,130 836 429,802 1,391,628 60,342 154,052 (10,905) (29,269) 118,364) At 31 July 2024 192.140 619.061 213,369 12,602 479,239 1,516,411 Net book value At 31 July 2024 6.884.113 762,516 52,515 3,345 215,654 7,918,143 At 31 July 2023 6,873,407 792.440 62.953 9.054 247,955 7.985,809 Page 31

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 12. Tangible fixed assets (continued) Charity Long-term leasehold property Cost or valuation At 1 August 2023 Additions 7,025,104 51,149 At 31 Juty 2024 7.076,253 Depreciation At 1 August 2023 Charge for the year 151,697 40,443 At 31 Juty 2024 192,140 Net book value At 31 Juty 2024 6,884,113 At 31 July 2023 6,873,40T Followng the reorganisation of the subsidiary college to one site in 2016, a detailed review of Fixed Assets was carried out and because of difficulties in identifying individual assets, a policy was adopted of including all assets at a revalued amount at their estimated market value at the date of the transfer to the new site. The revaluation was carried out by the staff of the subsidiary in Consultation with external contractors and the revaluab.on amount was approved by the Board of Directors. Additions subsequent to the transfer to the new site. and the costs involved wth the creation of fixed assets within the new site are shown at cost. It was not practical or possible to identfy the original costs of the assets which were transferred to the new site, or to identify the specific assets which were scrapped or whith no longer exist. Any exercise to attempt to identify these assets would involve undue cost and effort at that time. Accordingly no details are disclosed concerning the amounts vthich would have been included under the historical cost convention. The carrying amount of a propety, which is rented to another group entity when it has chosen to account for such properties using the cost model is £6,884.113 (2023- £6,873,407J. Included in long-tem leasehold property of the company and the group is an amount of £1,944,318 12023.- £1, 979, 509) in respect of the net book value of certain assets held under finance leases. Page 32

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 13. Fixed asset investments Investments in subsidiary companies Charity Cost or valuation At 1 August 2023 70,000 At 31 Juty 2024 70,000 14. Principal subsidiaries The followng was a subsidiary undertaking of the Charity: Nam8 Company number Registered office or principal Principal activity place of business The Doreen Bird College of Perfomiing Arts Limited 03088287 CIO Greenwoods Legal LLP, Performing Arts Monkstone House, 30 City Road, College Peterborough. PE1 1JE Class of shares Holding Included in consolidation Ordinary 1000/0 Yes The financial results of the subsidiary for the year were.. Name Income Expenditure ProfiUILoss) excluding for the year Gift Aid before Gift payment Aid payment Net assets The Doreen Bird College of Performing Arts Limited 6.095,803 6,072,530 23,273 1,042,038 Page 33

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 15. Stocks Group 2024 Group 2023 Goods for resale of the subsidiary 10,165 15,410 16. Debtors Group 2024 Group 2023 Charity 2024 Cha17Èy 2023 Due within one year Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income 16,232 71,329 14,888 1,011 12,128 126,846 18,590 71,930 155.206 161,849 14.888 1,011 17. Creditors: Amounts falling due within one year Group 2024 Group 2023 Charity 2024 Charity 2023 Bank loans 241,101 264,577 112,418 87,578 82,137 595,411 235,056 223, 775 5, 159 80,290 85, 605 349, 145 241,101 2,641 235, 056 Trade creditors Other taxation and social security Obligations under finance leases Other creditors 87,578 80, 290 Accruals and deferred income 6,000 6, 000 1.383.222 979, 030 337.320 321,346 The bank loans are secured by a fixed charge over the long temi leasehold propety of the holding company and by a guarantee given by the subsidiary. The obligations under finan￿ leases are secure by a charge over the assets concerned and a guarantee from the subsidiary for the total of the obligations. Page 34

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 18. Creditors: Amounts falling due after more than one year Group 2024 G￿up 2023 Charity 2024 Charity 2023 Bank loans 1,527,489 216,080 1, 655, 145 310,384 1,527,489 216,080 1,655, 145 310,384 Obligations under finance leases 1,743,569 1,965,529 1,743,569 1,965,529 The bank loans are secured by a fixed charge over the long term leasehold property of the holding company and by a guarantee given by the Subsidiary. The obligations under finance leases are secure by a charge over the assets concerned and a guarantee from the subsidiary for the total of the obligations. Page 35

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 19. statement of funds Consolidated ststement of funds - current year Balance at 1 August 2023 Balance at Income Expenditure 31 July 2024 Unrestricted funds General Funds- all fvnds 3,260,673 38,921 6,095,803 {5,945,169) 3,803 3.411,307 42,724 Revaluation reserve of the subsidiary 3,299,594 6,095,803 15,941,366) 3,454,031 Endowment funds Endowment Funds- all funds 1.755,035 1,755,035 Restricted funds Alma Road Site 933,104 162.321) 870,783 Total of funds 5,987,733 6,095,803 {6,003,687) 6,079,849 Page 36

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 19. statement of funds {continued) Consolidated ststement of funds - prior year Balance at 1 August 2022 Balance at Income Expenditure 31 July 2023 Unrestricted funds General Funds- all funds Revaluation reserve of the subsidiary 2,993. 103 34, 168 5, 908,312 (5, 640, 742) 3,260, 673 4, 753 38,921 3,027,271 5,908,312 (5, 635, 989) 3, 299, 594 Endowment funds Endowment Funds- all funds 1, 755,035 1, 755, 035 Restricted funds Alma Road Site 1,015,616 (82,512) 933, 104 Total of funds 5, 797. 922 5,908,312 (5, 718,501) 5,987, 733 Page 37

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 20. Summary offunds Consolidated summary of funds - current year Balance at 1 August 2023 Balance at Income Expenditure 31 July 2024 General funds Endowment funds Restricted funds 3,299,594 1,755,035 933,104 6,095,803 (5,941,366) 3.454,031 1,755,035 870,783 162.321) 5.987.733 6.095.803 16.003.687) 6,079.849 Consolidated summary of funds - prior year Balance at 1 August 2022 BalanGe at Income Expenditure 31 July 2023 General funds Endowment funds Restricted funds 3,027,271 1. 755,035 1,015.616 5,908,312 (5, 635, 989) 3, 299, 594 1, 755, 035 933, 104 (82,512) 5, 797. 922 5,908,312 (5, 778,501) 5,987, 733 The endowment funds represent the value of assets gifted to the charity by its founder either as gifts to the charity or as legacies. The founder and her husband gifted their shares in the subsidiary company to the charity and these shares have been included at a valuation at the date of the gift. Under the terms of the wll of the late Mrs Doreen Cook (nee Bird) who died on 4th February 2004 the Doreen Bird Foundation was left the residue of the estate of Mrs Cook, subject to payment by the Foundation of any debts, funeral and testamentary expenses. legacies and all taxes including taxes on any legacies to other beneficiaries given free of tax. The residue of the estate included three freehold properties which were included at their probate valuation but these have now been sold and a new replacement property purchased which now forms part of the pemianent end¢)wment. The restricted funds classified as "conditional donations" represent funds with restrictions on their use placed by the donors and are held by The Charity. The restricted funds classified as Alma Road site represent funds raised directly in connection wth the project to acquire and develop a site for the trading subsidiary. Page 38

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 21. Analysis of net assets between funds Analysis of net assets bet￿￿n funds - current period Endowment Restricted Unrestricted funds funds funds 2024 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 1,755,035 1,174,441 4,988,667 7.918,143 1,288,497 1,288,497 (87.578> (1,295,644} (1,383,222) (216,080} (1,527,489) (1,743,569) Total 1.755.035 870,783 3,454,031 6,079.849 Analysis of net assets betW￿n funds - prior period Endowment funds 2023 Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets 1, 755,035 1,323, 777 4,906,997 7, 985, 809 946,483 946, 483 (80,290) (898, 740) (979, 030) (310,383) (1, 655, 146) (1, 965, 529) Creditors due wthin one year Creditors due in more than one year Total 1, 755,035 933, 104 3, 299, 594 5,987, 733 22. Reconciliation of net movement in funds to net cash flow from operating activities Group 2024 Gmup 2023 Net income for the period (as per Statement of Financial Activities) 92,116 189,811 Adjustments for: Depreciation and losses on disposal Decrease in stocks 161,866 5,245 6,643 390,859 181,203 2,317 (31,653) 179, 932 Decreasellincrease) in debtors Increase in creditors Net cash provided by operating activities 656,729 521,610 Page 39

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 23. Analysis of cash and cash equivalents Group 2024 Group 2023 Cash in hand 1,123,126 769, 224 Total cash and cash equivalents 1.123,126 769, 224 24. Analysis of changes in net debt At 1 August 2023 Cash flows At 31 July 2024 Cash at bank and in hand 769,224 (235,056) 11,655,145) (390,674) 353,902 1,123,126 16,045) (241,101) 127,656 (1,527,489) 87,016 (303,658) Debt due within 1 year Debt due after 1 year Finance leases 11,511,651) 562,529 (949,122) 25. Pension commitments The subsidiary operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the subsidiary in an independently administered fund. The pension cost charge represents contributions payable by the subsidiary to the fund and amounted to £193,650 (2023.- £180,288). Contributions totaling £34.615 (2023.. £30,441J were payable to the fund at the balance sheet date and are included in creditors. 26. Operating lease commitments At 31 July 2024 the Group and the Charity had commitments to make future minimum lease payments under non-cancelable operating leases as follows- Group 2024 Group 2023 Not later than 1 year 24, 720 Page 40

Docusign Envelope ID." 58248E6&3E7fAgOC-B24￿8BS772c7255 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 27. Related party transactions Owing to the nature of The Charity's operations and the nature of its subsidiary college's operations and the Trustees being drawn in part from local private and public sector organisations, it is inevitable that transactions may take place with organisations in which a Trustee may have an interest. All transactions th such organisations are conducted at arm's length and in accordance wth The Charity's and the subsidiary's financial regulations and procurement procedures. Transactions and balances with the subsidiary. The Doreen Bird College of Perforniing Arts Limited {"The College") During the year rent of £300,000 (2023." £300,000) was paid by The College, in respect of properties owned by The Foundation which are occupied by The College for the purpose of its trade. This rent is eliminated on consolidation. The College made a Gift Aid donation to The Foundation during the year of £38,186 (2023.. £141,886) in respect of the amount of The College's taxable profit for the previous year.This amount is eliminated on consolidation.The current year's expected taxable profits of £77,182 (2023.- £38: 186) will be received in the next year. The Foundation has agreed to provide support to The College by VRY of financing certain students, tuition fees by way of funding bursaries for those students and providing "hardship funding" for certain students of the College. The bursaries and funding awarded for the year amounted to £6,210 (2023.. £3,341). The Foundation has awarded Development Avrfards to the students of The College. These awards are paid by The Foundation directly to the students concemed. The awards awarded for the year amounted to £2,000 (2023. £3,341). The College owes the Foundation £14,888 (2023.. £1,011) in respect of the inter-company current account and this amount is included in debtors. The amounts owed are unsecured, interest free, have no fixed date of repayment and are repayable on demand. These amounts are eliminated on consolidation. The College has given an undertaking of £2,400,000 (2023.. £2,400,000) to guarantee borrowings taken out by The Foundation. This is secured by fixed and floating charges over the assets of The College. The College has also given an indemnity in respect of the totsl payments due under finance lease agreements that The Foundation. 28. Post balance sheet events There were no other post balance sheet events which affect the figures disclosed in the accounts or which require disclosure. 29. Controlling party In the opinion of the directors, there is no ultimate controlling paty as The Charity is limited by guarantee. Page 41