Registered number: 03636078 Charity rtum￿r: 1073945 THE DOREEN BIRD FOUNDATION IA Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 VINTp/MS THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} CONTENTS Page Raferenca and Administrdtive D8tails of the Charity. its Trustees and Advisers Trust889' Report Indepondont Auditors. Report on the Financial Statements 10-13 Consolldated Statoment of Flnanclal Actlvbtles 14 Consolld*t•d 8tatsm•nt of Iln•nclal posltlon 15 Company $tatsm•nt of flnanclal posltlon 16 Con8olldated statement of cash flows 17 Not￿ to th• Flnanclal Statsm•nts 18-42 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} REFERENCE AND ADMINISTRATIVE D￿AlLs OF THE CHARITY, TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025 Tru$tg8s S. A. Coen, Chief Executive Officer an¢J Accounting Officer of subsidiary trading Ilege (appointed 26 Feb(uary 2009. resigned 31 December 20241 L. de Abreu. Principal and Artisti¢ Director of subsidiary trading college lappoinled 26 February 2009. resigned 31 December 20241 G. F. Pine lappointed 26 July 20121 S. J. Alkins. Chair (appointed 30 October 20151 J. P. Emery lappoinled 27 January 2016. resigned 25 March 20251 N. Patel (appointed 11 October 2016, resiqned 20 March 20251 S. R. Watson-FovAer (appointed 21 July 2020, resigned 30 September 20241 P. P. Catterall lappointed 10 January 20231 L. Dean lappoinlem• and bur5aiie$ Tuition Fees and Educabon Contracts represent amounts receivable from students. parents. Local Education Authorities and Sponsors in respecl of tuition fees for the year under Consideration. The cost of providing bursaries and fLbnding from the CompanYs ¢)wn fund$ is exduded from tuition fees. 8ursaries 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 exduded from the income and expenditure of the College. Page 19 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 ACCOUn￿n9 poll¢l•s {contlnu•d} 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third paty. rt is probable th* a transfer of economi¢ benefits will be required in serfement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs ol each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable lo a single aclivrty are allocated directty lo that aclivty. Shared ¢0515 %thich contribute lo more than one activity and support Costs vknich are not attributable lo a single activity are app(>rtioned between those aCtiv￿.e$ on a basis consistent ¥￿th the use of ￿SOurCes. Expenditure on charitable ath'vities is incurred on directly undertaking the activth'es which further the Group's objectives, as well as any associated support costs. Expenditure is accounted for under the accruals concept wlh the addib'on 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 lo expenditure on tangible fixed assets are credited to profil or loss at the same rale as the depreciation on the assets to Nthich the grant ￿lates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in Ihe Consolidated Statement of Financial Activities in the same period as the related expenditure. Page 20 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 ACCOUn￿n9 poll¢l•s {contlnu•d} 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £100 or more per individual rtem are capitslised in both the Company and the Subsidiary and recognise(l then fuiure e￿noMiC benefits are probable and the cost or value of the asset can be measured reliabty. Tangible fixed assets are inrtialty recognised at cost. After recogn￿0￿, under the revaluation model, tangible fixed assets whose tsir value can be measured reliably shall be carried al a revalued amount. being their fair value at the dale of revalvalion less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. Followng the reorganisation of the subsidiary college into one site in 2016, a detailed review of Fixed As5els was carried out by the subsidiary and a policy was adopted of revaluing those assets which existed al the transfer to a new sile al their market value al the date of the Ir3nsfer. Addits'ons subsequent lo the transfer lo the new sile. and the costs involved wlh the creab'on of Fixed Assets within the new srte are shovm al cosL Revaluations are made wth sufficient re9ularily to ensure that the carrying amount does not differ materialty ftom that vthich would be delemiined u$ing fair value al the end of Ihe reporting date. Gains and losses on revaluation are recognised in the consolidated stslemenl of financial aclivilies. wrth a separate revaluation reserve being shown in the Slalement of Funds note. Properb'es rented lo other group entitses are a￿U￿ted for under the ¢o$l model and are slated al historic cost less accumulated depreciation and any accumulated impaimient losses. Assets in the course of Constn￿ts.0n are induded at costs incurred to date. Depreeialion on these a8sels is not charged until they are brought into use. At ea¢h repgrting dale the Charity a$se$$es vthelher there is any indication of impaimient. If su¢h indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less cos15 to sell and ils value in use. An impairment loss Is recognised Yéhere the carrying amount exceeds the recoverable amount. Page 21 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 ACCOUn￿n9 poll¢l•s {contlnu•d} 2.6 Tangible fixed assets and depreciation {continuedl Depreciation is charged so as to allocate the cost of tsngible fixed assets less their iesidual value over their eslimaled useful lives. using both the straight line and redLJcing balance methods. Depreciation is provided on the followng basis.. Long-tem leasehold property Modular building5 being erected on the long- term leasehold property are depreciated over the expected lrfe of the buildings of 60 years. In the directorfs opinion the remainder of the long-temi leasehold property of the holding Company has an expected residual value at le3s1 equal lo the Costs as work is being undertaken to improve and extend the sile and therefore no depreciation is currenuy being prowded on this. Over the term of the lease (subsidiary only) Improvements lo leasehold premises Costumes and prop$ Motor vehicles Fixtures. fittings and equipment Computer & IT equipment Musical instruments 20% reducing balance melhord Isubsidary only) 20% reducing balance melhord Isubsidary only) 20% ￿ducIng balance melhord Isubsidary only) 20% reducing balance melhord l$ubsidary only) 20% reducing balance methord Isubsidary only) The a$sel$' residual values, useful lives and depreciali¢)n methods are reviewed, and adjusted prospectively rf appropriate. or if there is an indication of a *gnificanl Change since the last reporting date. Gains and losses on disposals are delermined by comparing the proceeds With the carrying amount and are recognised in the consolidated statement of financial athvities. 2.7 Investments Inve$trnents in $ub$idiarie$ are valued at k$$ provisi¢)n for impaimienl. 2.8 Stocks Stocks of the Subsidiary are valued al the lower of cost and selling price less selling costs after making due allowance for obsolele and slow-mowng st￿kS. Cost includes all direct ¢osl$. 2.9 Oobtors and prepaymonts Trade and other debtor5 are recognised at the setuemenl amount after any trade discount offered. Prepayments are valued al the amount P￿paId. Page 22 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 ACCOUn￿n9 poll¢l•s {contlnu•d} 2.10 Cash and cash equivalents Cash is represented by cash in hand and deposits wth financial instrtulions repayable without penalty on nots¢e of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily Conve￿'ble to kno¥fvn amounts ol cash insignificant risk of change in value. In the Stslement of Cash Flovts, cash and cash equivalents are sh¢M net of bank overdrafts that are repayable on demand anfj fom an integral part of the Compangs cash management. 2.11 Liabilitios and provisions Liabilrties are recognised Nthen there 1$ an obligation al the Balance Sheet date 8$ a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be esbmated reliably. Liabilities are recognised at the amount thal the Charity anticipates it wll pay to settle the debt or the amount it has received as advanced payments for the goods or services it musl provide. A liability is recognised in the Subs￿l8ry lo the extent of any unused holiday pay entrtlement which is accrued al the Balance Sheet dale and carried forward lo future periods. This is measured al the undi$¢ounled salary ¢osl of the fulure holiday enliuemenl so accrued at the Balance Sheet date. 2.12 Flnanclal Instrum•nts The Group only has financial assets and financial liabilrties of a kind that qualify as basic financial inslrumenl$. 8a$i¢ financial inslrumenl$ are initially re¢ognised al transaction value and subsequently measured at their setljemenl value wth the exception of bank loans vthich are subsequentty measured at aM0￿.sed cost using the effective interest method. 2.13 Fin*n¢e1o*$•s and hir• purch*$o Assets obtsined under hire purchase contracts and finance leases are capilalised as tangible fi'xed a$sel$. Finance leases are those vknere substanbally all of the benefi15 and risks of ownership are assumed by the Group. Obligations under such agreements are included in creditors, net of the finance charge allocated lo future penods. The finance element of the rental payment is charged lo the consolidated stslement of financial acb'vities so as to produce a constsnl periodic rate of charge on the net obligation outstanding in each period. 2.14 0￿ratIng leases Rentals paid under operab.ng leases a￿ Charged to the consoli¢Jaled stslemenl of financial activities on a straight line basis over the lease temi. Page 23 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 ACCOUn￿n9 poll¢l•s {contlnu•d} 2.15 Pensions The Subsidiary operates a defined contribubon plan foi its employees. A defined contribution plan is a pension plan under which a Company pays fixe(1 contributions into a separate enlily. Once the contributions have been paid the Company has no further payment obligations. The COntribL￿'0nS are recognised as an expense in the Statement of Financial Activities when they fall due. Amounts not paid are sh¢)Ym in a¢cTuals as a liability in the Con501idated Statement of Financial Position. The assets of the plan a￿ held separately from the Company in independently administered funds. 2.16 Fund accounting Unreslricled funds are available for use al the discrets.on of the Trustees in fvrtherance of the general objectives of the Group and %thich have not been designated for other purposes. Restricted funds are lunds whi¢h are to be used in aC￿rdance wth specrfic re$tri¢tion$ imposed by donors or vthich have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fvnd. The aim and use of each restricted fund is sel out in the notes lo the financial stslements. Endovdmenl fvnds represent the value of assets gifted lo the tharty by ils founder either as gifts lo the charity or as legacies. Investment income, gains and10sse$ are aNocaled lo the appropriate fund. Judgments In applylng a¢¢ountlng pdlcbes and key $our¢es of •$llmatlon uncgrtalnty Ests'mates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. Critical accounting eslimales and a$sumplions'. The Charity makes estimates and assumpts'ons conceming the fLrture. The resulting accounting estimates and assumptions will, by definrtion. seldom equal the related actual resu115. The estimates and assumptions that have a 5ignthcanl risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year a￿ discussed in Note 4 below. Page 24 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Critical accounting estimates and areas of judgement In preparing these financial statements, the trustees and directors of The Group have ¢onsidered the following accountsng estimates and made the followng judgments.. Tangible fixed assets of the subsidiary Certain classes of tangible fixed assets of the subsidiary were revalue(I during a previous year al estimate¢J market value as assessed by the directors in consuttation wlh members of stsff and external suppliers. Tangible fixed a5se15 are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives. factors such as technological innovation and mainlenan¢e programmes are taken inlo a￿unt. Re$idual value a$ses$menls ¢on$ider issues such as future market conditions, the remaining life of the assel and projected disposal values. The directors of the subsidiary have considered whether there are indicator5 of impaimient of the tangible fixed assets. Factors tsken into consideration in reaching such a decision include the economic viability and expected future financial perfomance of the asset. Leases Management determine whether leases entered into by the Company or the subsidiary 89 a lessee are operating or finan¢e leases. These decisions depend on an assessment of vthelher the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis, Page 25 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Income from charitable activities - holding company onty Rèstrictèd funds 2025 Total funds 2025 Total funds 2024 Support of the perfoming arts 2,000 2.000 Income from other trading a¢llvllS0s Income from non charitabl8 trading act•viti88 Unro•trlct•d funds 2025 Total funds 2025 Income of the subsidiary- of a charitsble nature as the suppty of education in the performing arts bul as the subsidiary is not a charrtable entity this is treated as Iratjing income 6,321,388 6,321,388 Unre51ncled funds 2024 Total funds 2024 Income of the subsidiary- of a Charitable nature as the supply of education in the performing art5 but as the subsidiary is not a charrtable entity this is treated as trading income 6,095.547 6,095.547 Page 26 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Govemance costs- holding company only Unrnstrictsd funds 2025 Total funds 2025 Auditors, remuneration Auditors, non audit costs Legal costs 4,020 4,020 1,380 4.020 4,020 1.380 Totsl 202S 9,420 9A20 Unreslncled funds 2024 Total lunds 2024 Auditors, remuneratson 5,250 3.450 2,223 5,250 3.450 2,223 Auditors, non audrt costs Legal costs Total 2024 10,923 10,923 Page 27 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Analysis of expenditure on charitable activities- holding company only Summary by fund typ• Restricted Unrestricted funds funds 2025 2025 Total 2025 Support of the performing arts including govemance cost$ Interest on bank loans Interest on finance leases and deprecation on the ￿lated assets 46,425 135,677 46,425 135.677 58,102 58,102 Totsl 2025 58,102 182,102 240.204 Restr￿ted Unreslncled funds funds 2024 2024 Total 2024 Support of the perfomiing arts including 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 Page 28 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Auditors. remuneration 2025 2024 Fees payable to The Chanty's auditor for Ihe audit of The chari￿s annual accounts 4.020 4,350 Fees payable lo The Chanty'$ auditor in respe¢l of.. non-audit services not included above 4,020 4,350 10. Employ00 and staff d•tall# Group 2025 Group 2024 Staff costs Incurr•d by th• subsldlary w•r• as follo￿. Wages and salaries Social security co$t$ Contribution to defined contribution pension schemes 3.S93,141 34S,139 231.852 3,650. 122 326,858 193,650 4.170,132 4, 170,630 The average number of persons employed by the Charity during the year was as follows.. Group 2025 No. Group 2024 No. Charlty 2025 No. Charity 2024 No. Directors of the subsidiary Other key management personnel Teaching staff Non te8¢hing $t8ff Non-execulive directors of both The Foundats'on and the subsidiary Non executive directors ol The Foundation 133 138 200 203 Page 29 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 10. Employee and staff details Icontinuedl The number of directors and key management personnel of the subsidiary received annual emoluments over £60,000, excluding employer contributions to national insurance and pensions but induding benefits in kind, in the follovA'ng ranges was.. Group 2025 No. Group 2024 No. £60,001- £70,000 £80,001 to £90,000 £120,001- £130,000 The table above has been prepared using actual salaries paid for the period concemed. As no bonuses or additional pay amounts have been paid in ether the current or prior year the table is the same as if il had been prepared using basic pay. Full Tlmo Equlvalents Taking into account indivtduals vkno work part time, the fvll bme equivalent Salaries of these persons would be:. 2025 Figures there would be ts¥o additional indiwduals in the range £60.00110 £70,000 2024 Figures the individual in the range £80,001 to £90,000 would be in the range £120,00110 £130,000 there are ￿ other members of key management had an equivalent annual salary falling in the range £60,001 to £70,000. Other Stsff There was no other staff member of the $ub$idiary received annual emolument$ above £60,000 and they would have been in the range £60,001 to £70,00012024.' 1). 11. Tru$t¢68' remun•ratlon and expenses During the year, one or more Trustees has been paid ￿M￿neratIon from an employment as employeesldirectors of the subsidiary. The value of this remuneration and other benefits was as follows.. 2025 2024 S. A. Coen Remuneration 38,242 13,837 52,425 16,008 89,981 17,236 722.920 20,596 Pension contributions paid Remuneration Pension contributions paid L. de Abreu During the year, reth"rement benefits were accruing to 2 Trustees {2024 21 in respect of defined contribution pension schemes. During the year ended 31 July 2025, no Trustee expenses have been incurred (2024 - £NILJ. Page 30 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 12. Tangible fixed assets Group Short- Long4emi temi Costumes. leasehold leasehold props and Motor prop•rty PrO￿rtY Instrum•nts v•hi¢les Plant. equipment and flxturos Totsl Cost or valuatlon Al 1 August 2024 Additions Disposals 7.076,253 1.381,577 12.787 100,419 265,884 15,947 5,885 694,893 9,434.5S4 21,385 140,476 {14.3501 {14.3501 Al 31 Juty 2025 7.089,040 1.481,996 271,769 15,947 701,928 9,580,680 D•pre¢latlon Al 1 August 2024 Charge for the year On di5posal8 192,140 40.443 619,061 40,700 213,369 12,602 11,679 669 479,239 1,516,411 47,407 140,898 {10,4181 {10,4181 Al 31 Juty 2025 232,$83 659,761 225,048 13,271 516,228 1,646,891 Net book valu• At 31 July 2025 6,856,457 822,235 46,721 2,676 185,700 7,913,789 At 31 July 2024 6.884, 113 762.516 52,515 3,345 215,654 7,918, 143 Page 31 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 12. Tangible fixed assets Icontinuedl Charlty Long-term leasehold property Cost or valuation At 1 August 2024 Additions 7.076.253 12.787 At 31 Juty 2025 7.089,040 DoprKlatlon At 1 August 2024 Charge for the year 192,140 40.443 Al 31 Juty 2025 232,583 Not book value At 31 Juty 2025 6.856.457 At 31 July 2024 6,884, 7 13 Followng the reorganisation of the Subsidiary college lo one site in 2016. a detailed review of Fixed Asset5 wa5 carried out and because of difficutties in Identifying Indiwdual as5els, a policy was adopted of including 811 assets al a revalued amount al their estsmated market value al the dale of the transfer to the new sile. The ￿valUation was carried out by the stsff of the subsidiary in consultation thrilh exlemal contractors and the revaluatson amount vras approved by the Board of Directors. Additions subsequent to the transfer to the new site, and the costs involved with the creab'on of fixed aysels within the new srte are shown al cost. It was not practical or rx)ssible to identty the original costs of the assets vthich were transferred to the new site, or to identify the specrfic assets which were scrapped or Ithich no longer exist. Any exercise to attempt to identify these assets ￿Uld involve undue cost and effort at that ts'me. Accordingly no details are disclosed conceming the amounts I￿lCh vK)uld have been included under the historical cost convention. The carrying amount of a propety, vthich is rented to another group entity when il has chosen to account for such properties using the cost model is £6,856,457 (2024- £6,884. 1131. Included in long-tem leasehold property of the company and the group is an amount of £1,909,126 12024." £1,944.318) in ￿Spect of the net book value of certain assets held under finan¢e leases. Page 32 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 13. Fixed asset investments Investments in subsidiary compani•s Charlty Cost or valuation Al 1 August 2024 70.000 At 31 Juty 2025 70,000 Page 33 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 1S. Stocks Group 2025 Group 2024 Good5 for resale of the subsidiary 4.141 10,165 16. Dobtorn Group 2025 Gmup 2024 Charity 2025 Ch8rily 2024 Due wllhln one yoar Trade debtors Amounts owed by group undertakings Other debtors Prepayments and 0￿rUe￿ income 9,216 16.232 7.315 14,888 6,791 152,647 12. 128 126,846 168,654 155,206 7,315 14,888 17. Credltors., Amounts falllng due wlthln on• year Group 2025 Gmup 2024 Charlty 2025 Charity 2024 Bank loans Trade creditors Other taxation and social securrty Obligations under finance leases Other creditors 129,57S 315,330 105,$80 95,220 75,3S1 794,426 241. 101 264,577 112,418 87.578 82. 137 595,411 129,575 241, 101 2,641 95,220 87,578 Accruals and deferred income 7.201 1.515,482 1.383,222 231,996 337.320 The bank loans are secured by a fixed charge over the long terni leasehold property of the holding company and by a guarantee given by the Subsidiary. The obligations under finance leases are secure by a charge over the assets concerned and a guarantee from the subsidiary for the total of the obligations. Page 35 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 18. Creditor5: Amounts falling due after Mo￿than one year Group 2025 Group 2024 Charlty 2025 Charity 2024 Bank loans Obligations unfjer finance leases 1.593,490 117,202 7,52T,489 216,080 1.593,490 117,202 1,527.489 216,080 1.710,692 1, 743,569 1.710,692 1, 743,569 The bank loans are secured by a fixed charge over the long lenn leasehold property of the holdin9 Company and by a gvaranlee given by the Subsidiary. The obligations under finance leases are secure by a charge over Ihe assets concerne(l and a guarantee from the subsidiary for the total of the obligations. Page 36 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 19. Statement of funds Cons¢lldat•d stat¢m•nt of funds- cuff•nt y•ar 8alanc& at 1 August 2024 Transfors 8alanc8 at inlout 31 July 2025 Income Expenditure Unrestrl¢t¢d funds General Funds- all funds Revaluation reserve of the Subsidiary 3.428,419 6,321.447 {5.913.221) 3,042 3,839.687 25,612 13.0421 22.570 3.454,031 6.321.447 15.913.221) 3,862.257 Endowment funds Endow7nent Funds - all fund$ 1.755,035 1,755,035 R•$trlctsd funds Conditional donations Ajma Road Sile 2.000 2,000 812,681 870.783 158.1021 870,783 2.000 158.1021 814,581 Totsl ol lund8 6,079,849 6,323.447 15,971.3231 6,431,973 Page 37 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 19. Statement of funds Icontinuedl Cons¢lldat•d stat¢m•nt of funds- prlor y•ar Balance at l Augusl 2023 TTrnsfe Balance at in/out 31 July 2024 Income Expenditure Unr8strict8d funds General Funds- all lunds Revaluation reserve of the subsidary 3.2TO,179 6,095,803 (5,947,366) 3,803 3,428,419 29.415 f3,803) 25,612 3,299.594 6,095,803 (&941,366) 3,454,031 Endowment funds Endob*rnenl Funds - all funds 1, 755.035 1, 755,035 Rostrlctsd fund• Ajma Road Srte 933. 104 (62,321) 870, 783 Totsl of funds 5,987,733 6,095,803 (6,003,687) 6,079,849 Page 38 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 20. Summary of funds Cons¢lldat•d summary ol funds- curr•nt y•ar 8alanc& at 1 August 2024 Transfors 8alanc8 at inlout 31 July 2025 Income Expenditure General funds Endow7nent funds Restricted funds 3.454,031 1,75S.035 870,783 6.321A47 {5.913.221) 3,862,257 1,7SS,03S 814.681 2.000 158.1021 6.079,849 6.323.447 15,971.3231 6,431,973 Consolldat•d summary ol fund8- prfor y•ar Balance al l August 2023 Transfers Balance at in/oul 31 July 2024 Income Expenditure General funds Endowrnenl funds 3,299.594 1, 755.035 933. 104 6,095,803 (5,941,366) 3,454,031 1, 755,035 870, T83 Reslricled funds (62.3211 5.987.733 6,095.803 (6,003.687) 6,079,849 The endowment fvnds represent Ihe value of assets grfled to the charty by rts founder either as gifts lo the charity or as legacies. The founder and her hu$ban¢J gifted their shares in the subsidiary ¢ompany lo 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 8irdl vtho died on 4th February 2004 the Doreen 8ird Foundats'on was left the residue of the estate of Mrs Cook. subject lo payment by the Foundation of any debts. funeral and testamentary expenses. legacies ant1 all taxes including tsxeg on any legacies lo other beneficiaries given free of lax. The residue of the estate included three freehold properties thich were included at their probate valuation but these have now been sold and a new replacement property purchased which now fornis part of the pemianent endovrnent. The restricted funds classthed as "¢ondth"onal donalion5- rep￿sent funds wth re5trith.ons on their use placed by the donofs and are held by The Chanty. The restricted funds classrfied as Ajma Road site represent funds raised directly in connection with the project to acquire and devel¢Jp a site for the trading subsidiary. Page 39 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 21. Analysis of net assets between funds Analytsls of not ass•ts botw••n fvnds- ¢urr•nl year Endow7nent Rostrict8d Unrnstrict•d funds funds funds 2025 2025 2025 Total funds 2025 Tangible fixed assels Current assets Creditors due wthin one year Creditors due in more than one year 1.755.035 1,027,103 5,131,651 7,913,789 1,744,358 1.744.358 195,2201 11,420,262) 11,515.4821 1117,2021 11.593,4901 11,710.6921 Total 1,755,035 814,681 3,862,257 6.431.973 Analy818 ol not a$80ts ts•t￿n lunds- pr1￿ year Endowment funds 2024 Restiycled Unreslri¢t8d funds funds 2024 2024 Total fuiids 2024 Tangible fixed assets Current a$$ets Creditors due wthin one year Creditors due in more than one year 1,755,035 t, 174,441 4,988.667 7,918. 143 1,288.497 1,288,497 (87,5781 (7,295,644? (1,383,2221 {276.080J (1,527,489? (7, T43.5691 Total 1, 755,035 870,783 3,454,031 6,079,849 22. Reconciliation of net movement in fund$ to net cash Ilow from operating activities Group 2025 Group 2024 Net income for the year {as per Statement of Financial Activities) 352.124 92,116 AdSustm8nts for: Depreciats'on and losses on disposal Decrease in stocks De¢reasellin¢reasel in debtors Increase in creditors 144,830 6,024 113,4481 236,144 161,866 5,245 6.643 390,859 Net cash provided by operating activities 725,674 656, T29 Page 40 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 23. Analysis of cash and cash equivalents Group 2025 Group 2024 Cash in hand 1.571,563 1, 723. 126 Total cash and cash oquivalants 1,S71,563 1, 123, 126 24. Analysis of changos in net debt At 1 August 2024 Cash flowB At 31 July 2025 Cash al bank and in hand Debt due wthin 1 year Debt due after 1 year Finance leases 1.123.126 1241.101} 11,527.4891 1303.658) 448,437 1,571,563 111,S26 1129,S751 166,0011 11,593,490) 91.236 1212.4221 1949.122) 585,198 1363,9241 25. Ponslon commltments The subsidiary operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the subsidiary in an independenuy administered fund. The pension Cost charge represents contributions payable by the $ub$idiary to the fund and amounted to £231,852 (2024.. £193,650). Contribulions totaling £36,33712024.' £34,615) ￿tre payab￿ to the fund at the balance sheet date and are included in creditors. 26. Opgratlng leaso ¢ommblmgnts The Group and the Charity had no commitments under nonrycancelable operating leases at 31 July 2025. Page 41 THE DOREEN BIRD FOUNDATION IA Company Limitod by Guarants¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 27. Relatsd party trnnsactions Owing to the nature of The Charity's operations and the nature of rts subsidiary college's operations and the Trustees being dravm in part from local private and public sector organisations. it is inevitable that transactions may take place wth organisations in Nthich a Tnjstee may have an interest. All transactions th such organisalions are conducted at arm's length and In accordance wrth The Charity's and the subsidiary's financial regulations and procurement procedures. Trdnsactions and balanc8s ￿th the $ubsidiary* Tho Doroon Bird Collogg of Perforniing Arts Limited l-The College") During the year rent of £300,000 (2024.. £300,cK￿l) was paid by The College, in respect of propertie5 owned by The Foundation vl)ich are ¢xcupie(I by The College for Ihe purpose of ils trade. This rent is eliminated on consdidalion. The College made a Gift Aid donation to The Foundth'on during the year 01 £67.547 (2024.. £38, 186) in respect of the amount of The College's taxable profit for the previous year. his amount is eliminated Dn eonsolidalion. The current yearfs expected taxable profits of Q89,287 (2024.. £67,547) will be received in the next year. The Foundation has agreed to provide supp¢)rt to The College by way 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 £36.005 (2024.. £6,210). The Foundation has awarded Development Awards lo the students of The College. These awards are paid by The Foundation direclty lo the students concemed. The awards awarded for the year amounl&d 10 £1,00012024.' £2,OOOJ The College 0￿*S the Foundation £7,315 (2024.. £14,888) in respect of the inler-company current account and this amount is included in debtors. The amounts owed are unsecured. interest free. have no fixed dale of repayment and are repayable on demand. These amounts are eliminated on ¢onsolidalion. The College has given an undertaking of £2.400.000 (2024.. £2.400.OOQJ lo guarantee bDrrrMngs tsken out by The Foundation. This is secured by fixed and floating charges over the assets ol The College. The College has also given an indemnity in resFeCt of the total payments due under finance lease agreement5 that The Foundation. 28. Post balance sh88t avonts There were no other post balance sheet event5 which affect the figures disd05ed in the accounts or vthi¢h require disclosure. 29. Controlllng party In the opinion of the directors, there is no ultimate controlling party as The Charity is limf(ed by guarantee. Page 42 nable Issuer Venthams Document generated Fri, 28th Nov 2025 16.'19.'02 GMT Dacumant flngarprlnt ce1COe1ff1e66e7221736eeecb4￿612 Parties involved with this document D¢¢umont pro¢•$$•d Party + Flng•ry*rlnt Sal, 29th Nov 2025 8".16.08 GMT Sally Alkn"ns- Signer Id266594bfc233e193892¢e352bc056bel Mon, 1 sl Oec 2025 8'.51.' 16 GMT Chrislopher Costigan- Signer113a1dc9e3a1a297f8d71 b111029601ebl Audlt hlstory log Date Actlon Fri, 28th Nov 2025 16'.19.'02 GMT Envelope generated by Robyn Childs {176.10.0.281 Document generated with fingerprint 8039bOf¢J8eB4f¢Jdfft038175e881d5a Fri, 28th Nov 2025 16.19..02 GMT 1176.10.0.281 Fri, 28th Nov 2025 16.'19.02 GMT Document generated wth fingerprint ce1cOe1ff1e66e7221738eeecb4c6S12 1176.10.0.281 Fri, 28th Nov 2025 16.19.'02 GMT Document generated wth fingerprint a6ecd97&f5428flc9c237f88099f6fe3 1176.10.0.281 Fri, 28th Nov 2025 16.'19.'14 GMT Document generated wth fingerprint 8451d93a5e2cbbeb1¢39a9cOe416430d1176.10.0.2B} Fri, 28th Nov 2025 16'.24.'42 GMT Document generated with ffingerprint c08a591d4f8907d48a4e2bc2e7282feO1176.10.0 281 Fri, 28th Nov 2025 16'.25.'15 GMT Sent the envelope to Sally Atkins {sally.atkins1@bts'ntemel.coml for signing 1176.10.0.281 Fri, 28th Nov 2025 16'.25.'17 GMT Document emailed to sally.alkin51@blintemel.com Sat, 29th Nov 2025 6'.51'.09 GMT Sally Atkn'ns opened the document email.1109.158.30.1621 Sally Alkn"ns viewe