OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-08-31-accounts

Charity Registration No. 1092152

Company Registration No. 04158590 (England and Wales)

INAURA SCHOOL

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

INAURA SCHOOL

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs Julia Gibbs
Mr Andrew Warner
Mrs Amanda Hannah
Mr Adam Bradley
Dr Rebecca Stone
Country of incorporation United Kingdom 04158590
(England and Wales)
Charity registration England and Wales 1092152
Registered office Moor View
Burrowbridge
Bridgwater
Somerset
United Kingdom
TA7 0RB
Auditor Lentells (Audit) Limited
17 - 18 Leach Road
Chard Business Park
Chard
Somerset
TA20 1FA

INAURA SCHOOL

CONTENTS

Page
Trustees' report 1 - 7
Statement of trustees' responsibilities 8
Independent auditor's report 9 - 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 22

INAURA SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

The trustees present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's memorandum and articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Inaura School is an independent, co-educational SEND school for pupils who have complex educational needs in addition to SEMH (social, emotional and mental health) needs.

The school has four education learning centres located in the county of Somerset. We provide student educational day placements for Somerset local authority and the surrounding local authorities including Bath and North East Somerset, Bristol, North Somerset and Swindon. Our Key Stage 2-3 learning centre is located in Wedmore while our Outdoor Learning Centre and Forest School are located nearby in the Westhay Moor Nature Reserve. Our two Key Stage 3, 4 and 5 learning centres are located in Burrowbridge and Street.

All of our students have Education Health and Care Plans and are placed with us through their local authority SEND departments. We work with students who have encountered challenges in mainstream, pupil referral units and other special school settings. Many of our students have experienced failure in multiple educational settings. That is why we do things a little differently.

Our approach encompasses a relational and non-coercive philosophy for teaching and learning. This philosophy focuses on building trust and systematically removing the barriers that pupils encountered in their previous learning journeys.

Our Vision

Inaura School will be a safe, supportive, inclusive and aspirational community for everyone – with the students at the heart of a school that is continually evolving.

The aim of Inaura School is to:

Our philosophy is rooted in the belief that every individual will learn when presented with the right conditions. Our goal is to help students enjoy learning again. This 360-degree learner-centred approach focuses on the Head, Heart, Hands and Home .

Head - Promoting academic learning and the gaining of qualifications to enable choice and social mobility. Heart - Promoting emotional resilience, relationship building, higher self-esteem and self-awareness to facilitate experiences of success.

Hands - Promoting hands on activities that are flexible, practical and proactive rather than teacher-centred, lecture style learning.

Home - Promoting quality home/school relationships through effective communication and collaboration with parent/ carers that closes the loop between the expectations of home and school.

INAURA SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Our Ethos

The school ethos is based on compassion and we believe in being ‘consistently kind’. Inaura's highest priority is to keep our students safe, healthy, happy and inspire them to overcome personal obstacles that prevent them from learning.

The vision, aims and ethos of the school have been underpinned by the following core values:

Integrity, Compassion, Kindness and Belonging

And the following additional values:

Loyalty, Self-Respect, Courage, Friends, Freedom, Heritage, Respect, Fairness, Reliability and Authenticity

We believe all young people are able and genuinely want to learn. This will only occur if we remove the barriers that are holding them back from engaging with school and assist them in overcoming past, present and future challenges. We will empower students to learn the skills that will enable them to confront life's obstacles with confidence, poise and resilience.

In+aura - Our name means 'radiance piercing the darkness within'.

Charitable objectives

Inaura School's charitable objectives are:

These objectives have been met in 2024-25 by:

INAURA SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Future development towards the school’s objectives include:

The Relational Approach

When using the relational approach, we look for opportunities to create positive conditions allowing us to invite the student (without coercion or conditional statements) to do what we are asking them to do. The challenging situation provides a way to build stronger relationships through trust and understanding. We want students to be safe, have fun and engage in their learning. Sometimes we will not be able to give students what they want but we work very hard to ensure that we give them what they need.

How does Inaura School do this?

We believe that this approach combined with our 1:1 student to teacher ratio and small group settings are what make Inaura unique amongst other schools working with SEND/SEMH young people who would otherwise be disengaged from the learning process.

Achievements and performance

Financial review

The Trustees are pleased to report that Inaura School remains a financially viable and resilient organisation. Independent professionals have reviewed and approved the School’s financial management plans, confirming the robustness of its governance, stewardship, and long-term sustainability.

For the financial year under review, the School has achieved a surplus, reflecting steady pupil numbers, prudent cost control, and the continued trust placed in our provision by local authorities and families. This outcome supports the School’s ongoing ability to invest in learning environments, staff development, and wellbeing initiatives that underpin the success of every pupil.

The School was subject to a full three-day inspection by Ofsted between 6 and 8 February 2024. The inspection concluded that Inaura School continues to be rated ‘Good (2)’ across all judgement areas. The Trustees welcome this confirmation that the School’s ethos, safeguarding standards, and quality of education remain strong and consistent.

INAURA SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Principal Funding Sources

All revenue for the year was derived from local authority placements and referrals. During the year, Inaura provided education and support services to pupils referred by five local authorities, with the majority of placements coming from North Somerset, Somerset, Bath & North East Somerset and Swindon Councils. The School continues to strengthen its relationships with these authorities while actively engaging others to widen access to its inclusive and therapeutic education programmes.

Fundraising Activities

During the year, the School continued to pursue external funding to enhance learning provision. In addition, the School gratefully acknowledges the £1,300 donation from a stewarding team at the Glastonbury Festival, which is being used to purchase resources for a sensory room at Burrowbridge Learning Centre and refurnish the meeting room.

Looking ahead, the School will develop and implement a structured fundraising programme to support “Never Have I Ever” experiences — unique, character-building opportunities designed to broaden students’ horizons, enhance personal development, and strengthen cultural capital through meaningful real-world experiences. Some of the donation mentioned above will be designated for the ‘Never Have I Ever’ fund for students.

VAT Registration and Input Tax Recovery

In anticipation of the Labour government’s decision to apply VAT at the standard rate of 20% to private school fees from 1 January 2025, Inaura School completed its VAT registration effective on that date.

During the current academic year, the School successfully recovered £58,720 of input VAT. This includes reclaimable amounts on qualifying pre-registration expenditure such as six months of overhead costs and up to four years of eligible capital expenditure. The Trustees consider this a prudent and timely response to evolving fiscal policy, strengthening the School’s financial position and ensuring full compliance with new VAT regulations.

Investment and Reserves Policy

The School continues to operate on a four-month advance funding cycle, creating a dynamic reserve that fluctuates throughout the year and reaches a minimum balance at the end of each cycle. The Trustees monitor this closely and apply the Risk Management Policy annually to assess premises use, staffing levels, and strategic financial commitments. All reserves are currently held securely in a business savings account with 3.9% interest rate.

The Trustees recognise that maintaining appropriate reserves is essential to preserving the School’s financial stability and ensuring continuity of provision for pupils. The School’s reserves support investment in staff development, therapeutic provision, and the inclusive learning environment that defines Inaura’s ethos, as well as the ongoing maintenance, safety, and security of the School’s buildings and properties to ensure that learning spaces remain safe, welcoming, and conducive to excellent education and wellbeing.

The Trustees have determined that free reserves—defined as unrestricted funds not otherwise designated—should ideally be maintained at a level equivalent to one to two months of normal operating expenditure. This range provides sufficient resilience against income fluctuations while allowing flexibility for strategic investment in quality and growth.

As at the balance sheet date, the level of reserves is equivalent to one months’ working capital. The Trustees will continue to review the reserves policy annually to ensure that it remains aligned with the School’s mission and responsive to the evolving educational and financial landscape.

INAURA SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Leadership and Management Development

From a financial and strategic perspective, the School has prioritised several key leadership initiatives under its current School Development Plan (SDP) to build long-term capacity and operational resilience. These include:

These strategic priorities represent the School’s commitment to high-quality leadership, sustainable growth, and operational excellence, ensuring that every decision remains guided by the needs and potential of its pupils.

Future Plans and Strategic Priorities

Looking ahead, the School will continue to strengthen its capacity to meet the needs of children and young people who require a nurturing and therapeutic learning environment. During the year, the School has taken on an additional lease for the Street Learning Centre, increasing overall capacity to 36 pupils, the total limit approved by the Department for Education (DfE).

This expansion enables Inaura to offer a broader range of educational and emotional support across its sites, while maintaining the small, individualised learning groups that define its approach. The Trustees see this as a key step in ensuring that more children can benefit from Inaura’s inclusive ethos without compromising the quality of care or educational outcomes.

Over the next year, priorities will include:

INAURA SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management

Governing document

Inaura School is a company limited by guarantee and a registered charity number 1092152. It was incorporated on 12 February 2001 and its memorandum and articles of association have been amended by special resolutions dated 11 May 2002, 3 March 2007, 28 February 2009, 23 June 2020 and 8 October 2020. The company was registered as a charity on 22 May 2002.

Signatories to the memorandum and articles are liable up to a maximum of £10 in the event of dissolution.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs Julia Gibbs Mrs Tessa Munt (Resigned 24 February 2025) Mr Andrew Warner Mrs Amanda Hannah Mr Adam Bradley Mrs Constance Lane (Resigned 4 November 2025) Dr Rebecca Stone

Recruitment and appointment of new trustees 2024-25

Inaura's Trustees are all directors of the company limited by guarantee. In accordance with its articles of association two Trustees resign each year in rotation and for the last five years have been re-elected immediately. Inaura has benefited from a loyal and committed Trustee group. Trustees give their time voluntarily and no expenses were claimed during the year. The trustees have had due regard to the Charity Commission's guidance on public benefit.

The Trustees are all professionals with substantial experience in business, therapeutic, social and educational work. Trustees meet for a regular termly meeting, with a fourth optional meeting on a floating date to coincide with an annual Charity public event. This appears to be a successful model and will be continued.

Board of Governors

The board of governors are responsible for working with the school to ensure that it delivers the best possible education for present and future pupils. This includes best practice in appointing and managing staff as well as ensuring that child protection and safeguarding

remain the school’s first priority. Together with the Head Teacher, who is responsible for the day-to-day management, they set the school's aims, policies and the overall strategy. The board of governors are responsible for ensuring the efficient and effective monitoring of the school’s finances. The board meets four times per year. Since October 2023 the board has appointed two new governors and one governor has resigned.

Organisational structure for 2024-25

We appointed a new Headteacher who started on the 1 September 2024. The school's senior leadership team consists of the Headteacher, Deputy Headteacher, Designated Safeguarding Lead, SENDCo, School Business Manager and Curriculum Manager.

The school has four middle level managers, three deputy middle centre managers, four administrators, a finance assistant, five specialist teachers, four specialist subject tutors, a music therapist, and twenty-two learning support workers and ancillary staff.

Trustees recognise that as the school develops, their responsibilities need to be fully understood and enacted and make use of the Charity Commission's extensive guide booklets and the Department for Education’s Governance Handbook to reference the correct approach to any unfamiliar governance issues. The school is a member of The Key for Governors who provide information, advice, guidance, research and training for governing boards.

INAURA SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Auditor

In accordance with the company's articles, a resolution proposing that Lentells (Audit) Limited be reappointed as auditor of the company will be put at a General Meeting.

The trustees' report was approved by the Board of Trustees.

AWarner Signed on 19 May 2026 @ 13:32 .............................. Mr Andrew Warner

Trustee

Date: .............................................

INAURA SCHOOL

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 AUGUST 2025

The trustees, who are also the directors of Inaura School for the purpose 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 year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

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

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INAURA SCHOOL

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF INAURA SCHOOL

Opinion

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

In our opinion, the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

INAURA SCHOOL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF INAURA SCHOOL

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable to the entity and the industry/sector in which it operates to identify the key laws and regulations affecting the entity. As part of this assessment process we discussed with management the laws and regulations applicable to the company, review other communications and considered findings from previous audits.

The key laws and regulations we identified were the Health and Safety at Work, Data Protection and the Childrens' Act.

We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, primarily Companies Act 2006 and relevant UK tax law.

We discussed with management how the compliance with these laws and regulations is monitored and discussed policies and procedures in place.

We also identified the individuals who have responsibility for ensuring that the entity complies with laws and regulations and deal with reporting any issues if they arise.

As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the entity’s ability to continue trading and the risk of material misstatement to the financial statements.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved the following:

INAURA SCHOOL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF INAURA SCHOOL

As part of our enquiries we discussed with management whether there have been any known instances, allegations or suspicions of fraud, of which management confirmed there had been none during or after the period.

We also evaluated the risk of fraud through management override. They key risks we identified were related to cutoff in respect of revenue recognition.

In response to the identified risk, as part of our audit work we:

Given the inherent limitations of an audit, the more remote the non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the greater the risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements, as we are less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

PA Stallard

Countersigned on 20 May 2026 @ 14:30

Philip Adrian Stallard FCA (Senior Statutory Auditor)

For and on behalf of Lentells (Audit) Limited, Statutory Auditor Chartered Certified Accountants 17 - 18 Leach Road Chard Business Park Chard Somerset TA20 1FA Date: .........................

INAURA SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and grants 3 4,589 11,221
Charitable activities 5 2,035,133 1,848,330
Investments 4 2,541 1,487
Total income 2,042,263 1,861,038
Expenditure on:
Charitable activities
Education 6 1,808,882 1,795,550
Total expenditure 1,808,882 1,795,550
Net income and movement in funds 233,381 65,488
Reconciliation of funds:
Fund balances at 1 September 2024 136,465 70,977
Fund balances at 31 August 2025 369,846 136,465

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

INAURA SCHOOL

BALANCE SHEET

AS AT 31 AUGUST 2025

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Deferred income
16
Net assets
Income funds
Unrestricted funds		 2025
£
£
7,609
378,671
809,072
1,187,743
(185,590)
1,002,153
1,009,762
(639,916)
369,846
369,846
369,846		 2024
£
£
9,318
293,628
546,607
840,235
(45,968)
794,267
803,585
(667,120)
136,465
136,465
136,465

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

AWarner

Signed on 19 May 2026 @ 13:32

..............................

Mr Andrew Warner Trustee

Company Registration No. 04158590

INAURA SCHOOL

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Notes
Cash flows from operating activities
Cash generated from operations
19
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
Net cash generated from/(used in) investing
activities
Net cash generated from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(5,839)
3,408
2,541		 £
262,355
110
-
262,465
546,607
809,072		 2024
£
(4,216)
-
1,487		 £
443,306
(2,729)
-
440,577
106,030
546,607

INAURA SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

Inaura School is a private company limited by guarantee incorporated in England and Wales. The registered office is Moor View, Burrowbridge, Bridgwater, Somerset, TA7 0RB, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

INAURA SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements Over duration of lease Plant and equipment 33% on straight line basis Fixtures and fittings 25% on straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

INAURA SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant areas of estimation or judgement within the financial statements, but standard accounting estimate areas such as prepayments, accruals and depreciation are included.

3 Income from donations and grants

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Grants 4,589 11,221

INAURA SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 2,541 1,487
5 Income from charitable activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Education
Services provided under contract 2,035,133 1,848,330
6 Expenditure on charitable activities
Education Education
2025 2024
£ £
Direct costs
Staff costs 1,464,735 1,410,786
Student Therapy 4,816 5,586
Student Activities 36,195 31,418
Telephone 11,684 14,078
Books and journals 531 983
Consultant and practitioner fees 1,417 931
Licences and registrations 6,752 5,138
1,526,130 1,468,920
Share of support and governance costs (see note 7)
Support 268,980 309,694
Governance 13,772 16,936
1,808,882 1,795,550
Analysis by fund
Unrestricted funds 1,808,882 1,795,550

INAURA SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

7 Support costs allocated to activities

Depreciation
Research and training
Finance costs
Motor and travel
Premises costs
Office costs
Pre-registered VAT recovery
Governance costs
Analysed between:
Education		 2025
£
(1,678)
7,796
359
23,284
187,654
65,312
(13,747)
13,772
282,752
282,752		 2024
£
-
9,010
382
31,453
197,847
71,002
-
16,936
326,630
326,630

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.

9 Employees

The average monthly number of employees during the year was:

Education
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
48
2025
£
1,304,320
121,943
30,834
1,457,097		 2024
Number
48
2024
£
1,282,679
99,047
21,455
1,403,181
The number of employees whose annual remuneration was more than £60,000
is as follows:
2025 2024
Number Number
£70,001 to £80,000 1 1

INAURA SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

9 Employees

(Continued)

Remuneration of key management personnel

The remuneration of key management personnel is as follows:

2025 2024
£ £
Aggregate compensation 294,417 287,795

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets

11
Tangible fixed assets
Leasehold
improvements
Plant and
equipment
Fixtures and
fittings
£
£
£
Cost
At 1 September 2024
19,797
18,297
3,773
Additions
-
5,636
203
Disposals
-
(9,012)
(87)
At 31 August 2025
19,797
14,921
3,889
Depreciation and impairment
At 1 September 2024
15,863
14,974
1,712
Depreciation charged in the year
1,535
3,289
994
Eliminated in respect of disposals
-
(7,334)
(35)
At 31 August 2025
17,398
10,929
2,671
Carrying amount
At 31 August 2025
2,399
3,992
1,218
At 31 August 2024
3,934
3,323
2,061
12
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
354,031
Prepayments and accrued income
24,640
378,671		 Total
£
41,867
5,839
(9,099)
38,607
32,549
5,818
(7,369)
30,998
7,609
9,318
2024
£
268,079
25,549
293,628

INAURA SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

13 Creditors: amounts falling due within one year

13
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals
14
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
159,676
16,587
9,327
185,590
2025
£
30,834		 2024
£
28,119
8,792
9,057
45,968
2024
£
21,455

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources At 31 August
September resources expended 2025
2024
£ £ £ £
General funds 136,465 2,042,263 (1,808,882) 369,846
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2024
2023
£ £ £ £
General funds 70,977 1,861,038 (1,795,550) 136,465
16 Deferred income
2025 2024
£ £
Deferred tuition income 639,916 667,120

Tuition fees are invoiced and received by Inaura School in advance of the term to which they relate.

INAURA SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

17 Related party transactions

There were no disclosable related party transactions during the year (2024 - £Nil).

18 Operating lease commitments

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2025
£
85,992
222,000
60,000
367,992		 2024
£
85,992
252,492
115,500
453,984

Total lease payments made in the year in respect of land and buildings amounted to £99,592 (2023: £92,065)

19
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase/(decrease) in creditors
(Decrease)/increase in deferred income
Cash generated from operations		 2025
£
233,381
(2,541)
(1,678)
5,818
(85,043)
139,622
(27,204)
262,355		 2024
£
65,488
(1,487
-
7,377
297,496
(2,468
76,900
443,306