ComFQry registration nJmter'. 04610B39 (Jrity r8gistratk)n nUrnr. lo992 Warren House Group At Dartington Rewrt of the Trustee6 ana thrndld3ted naral StatemerrtB for IhB Year Ended 31 March 26 WESTCOTTS ¢IIARTIID AC¢•VNTAII7•
Warren House Group At Dartlngton Contents RefenCe and AdMIntraIe Cetails Tru8teo8' Repc 2to9 lThYeFenthrrt ALKlttor8' Report 10t012 CorMlldated Statement ol Flnarnlal ActfvMe8 13 Ccs011?tsd Balance Sheet 14 Balan Sheet 15 ConBolldatod Statement of Cagh FIOWB 16 Nots8 to Flnandal Slatemèrrtg 17to31
Warren House Group At Dartington Reference and Administrative Detalls Company R•gi$tratlon Number 04610B39 Charity Regislralion Mumlw 1CQ92(r2 R•olst•r•d Offl¢• RerVIeW Dart M1115 Estate Totnes Road Bwkf88tlelgh Oevon ErYJland TQ11 ONF Trust• R M Ekjbwn, C91r ol Trusts88 O C Archibald, Senk>r Irencbnt Dlr$¢tor Ire$iwed on 12103120251 D Dertyshire Ire81gned 5108120251 S M Gale8 J R Glover, Honorary Treasyrer P J Grlgg L IreBigrod on 19n}9124) M 0Y10U L M Palronts8ch Ire81gned 2108R0251 H C Stcyjdart Audltors Westo)tt8 (SWI LLP Ptym Hou8e 3 Lontyjrldge Road Marsh Mi118 PtyrTh)ulh Devon PL6 8LT Sollcltor% BrOWr JacoLson 1 Manor Court Dix's Field Exeter Dwon EX1 1UP pe1
Warren House Group At Dartington Trustees. Report The trustees who are aL80 directors of the chatity loi the wrp)ses of the Cunpanies AIX 20C6, Wesent their report wilh ttrE financial statentS of charty lor year eTrd 31 March 202S. The lThElees have acksFled the provi8iorn of kcounting a1 Reportlng by Chadtie8.' Stslemenl of RecommeThJed ale appli¢able to charf(les yeparirg thèir aco)unts in accoidarKe wilh the Financial ReFK)rtlng Standard applicable in the UK arKI RepUtlC of Ireland IFRS 1021 (effective 1 Janry 20191. Messay from Ruth Dobson, Chair of Trnstèes l am IMITnse FfOLKI of the work and Im•ct charity has achleved this year. ThÈ team tss worked with focus and commitment to SUPFOrt partrErs and conwnunib'es seNing 8ome of the most vulnerable chlkYr6n, young QFIe and lanilles. Al a time of rnounting challenge arn1 prèssure on young Feople and dwing a period signilicart 8oaal, wlilitsl ar¥J lechnologbcal uptsaval and uncertainty organ18allon has mt wavered in rts locus in belter UrerStandIng artl ta¢Ing 1 undgrlylng root drfvers that hJld chlldren and young people back Irem thrwlro. 202 may b8 characterised a$ a year of urr4rtainty and Iransib"on. A general electlon was likely toward$ the end ol the year, but was called sooner than m8rTy expected. Thls Feriod ol polllical un¢ert8lnty atKI tran811ion has been rell8ct8d in somewhat 8trfled wlioy and fundlng wntexl 6tret¢hlng resources and Increasiry o)mFelllon in the sector. We reskYJnded by focuslrp sharFty on the censidering what irnpacl and rde wè, as a charity aN impad organlsakn'on. arg tst F4aced to F4ay. Our prior Strate perlod was comlng to an end, so we fcKu8ed on settlng OLt our new strat¥ and directiw. launched early In 2025126 We er¥Jad deep wilh tme wder 8e¢tor". listening to what partrerB. young FIe, lunder8 and PLIYi¢ eervic• derS conwthr the most pre8Blno i8SLE8 laeirg Children and yo9 people today. This proce35 conff mvjd CYJ comrrMlTrrrt to rnl ju81 r•$pJndlng aTra reacng to Is8ue$ laclng young OF4e, bLrt lo actlvely and equitably addrees undertyirg root drivets, 8UPFX)rting inve8lmerts in 8V8ntion and eaily intetv8ntK)n, and supF(Jrh'ng efforts lo oreate 8yStems arKI co1ion8 that enable all children aTrJ yourg 0[Ae to IhrNe In partlcular, those that are more disadvantaged and marglnali8ed. A8 you will read in thls report, this incroawrg focus ¢n syslemlc change is reflected in the partner8hipJ we are forming, ItrE work we 8re urthrtaJo'rvJ and the Imroct we arè achleving. Thls refocuslrg o16trategy arKJ ryiorllies has rerwired investmrrt In 11Th, as well as the creallon of rew roles to Support the deslgn and imoementalion ol our new 8trale9y. AS sucN the Trustees unanlrmLoly approved a trodesl inve81menl frtsm our reserves lo supFL)rt this shif( and will do eo the followrvJ year We are wnfident that these Investments will Fosition us well to continue lo a¥ a crucial 5rnFQGt role In 8ecor a8 new Governmnl prioritie6 and MmIt[rEntS treoome more concrete. A8 ever, I'm de8pty grateful lo Its wholè team for urwaveriTrJ commfvrt aTrJ imovalwe work, Led our (nanY¢ arKI dedicated CEO and Senior Leadarship Team - the wlN)le team has ¢morffjlraled creakn'vty, adaFlatJlity aThJ a sustairEd commitment lo serving children, young Fwple, families ar)a rtrnrs I'm a160 gratefLJI to thè contributiorts of our ex¢eFrtioml BD2rd of Trustees and Company Directus, WI hav8 den)Jnslrated integrity, JUdl0U5 g)vernan¢e and corrfflllment to our mi6sion. We kjok forward embraeirg opportunib.es lor irrpaci that a change in government will no doubt Ing and are In a stroro posllon lo bkjlld on our learnirvJ alx>ut to address fundamental challen9es and systemic barrier8 that ¢hlldroTh young wple and families face, at a lime rEver more reded. Pa2
Warren House Group At Dartington Trustees. Report MÉssay• from Prof. TIM Habbs, CEO ofthe Charity 2024125 been a highly trarforMale aThY impaclful year for LL% a Charity and sector-leadiTrJ research team. As said by RLrth, it ha8 teen a year of Iran$rtion. uncertainty and utraval in wider sector. Weve witnessed a Chan in Govefflmerrt, gre rHvigats"ng furK1amgntal queslKJn$ arKI pivots around relaliortship tefv4een state ard cwll society. and eKpriencirg a fundanEntal te¢hnoSogioal shift wfch the r18e of generative Al - and all the rfsks arxl opportunities that this tfa'ros. ¢>er the 60+ years that Da[ngton SeTvl¢e Desi Lab has existed in various for, il 1$ a mar strength of ours that wewe continually evofved and adapted lo play the mst Impactful role and contrilyjtion we can lo swiety, Childn and youru peoe. Th18 year is Th) clfferent. 8uilrlirKJ on (cad8s ol learnlrvJ and exFerieroe, wee tsken stock and cdlab)railvely created a new and ax¢lting stratègy lo see us irto 2025r26. Wo havè c•ntr6d this 8¢warety on chSldrvJn and young Feople what they want and need lo thdve in th15 rapdly changiro works they are grcwlng up In, Our $trategy has a180 been Infor Lty stark of IneqJ81ilie6 in outcorrEB and exrIenCeS of children and young people.. trose exwr1e1ry Foverty, racism, exclusion or d18¢nminalion are far more like to have thelr futures thwarted. We want lo change Ihl and we've focused our work this year and our new 61rate on seeklng to aan systemic charvJe'. 8NltiryJ the urKlerfying condrtiom that trnld all children and youro back from Ihlwing. We look loTh¥ard lo sharfng thls with the sector ln the cornlng year. Ao a team, we are Irrmensety proud ol the wort( and IM wewe achieved Ihl8 year. You can ad some examples in this rewrt, Includng to shlft the systems that affect cry1dn,5 dev8lopnEnt in the 8arty years, Ihelr mental health OprtUnItieS for meaniroful employmert or tralnlro as they translOn Into earty adLAthoDd. I'rn IncredIY proud of our smart, pa68ionate team whtr have 80fv8j our IhlnkirG, prad'ce and imF4d. Like many In t 6e¢tor, we LMd8rtook a mocbsl team $tructur& to prepare for ow new strategy, 80 a6 well aB saOng farewell lo some lor whJm we are 60 oraleful lo their contribution8, we also wethmed Sorne arnaziro O[le Into r roleB, Arielle Garton - our rW Director of Partnersh'ps and External Affairs, Megen Gordon - our new Brand a1 CorThnunicalions Lead, and 'aotong Zhu- our new Systèm Chawe Evaluatlon Lead I remain grateful lo the suppvrt atxl clwllenge ol our excellent and commltted >)ard of Trstee8 and In(Jependent Dlreclor8, hold us accountable lo the Impact we seek lo achieve lor chlldr8n and young wcpl8, Together, we look forward tr) continuing lo work wlh arKI for chlldfen and young Feotje to create mce equal 8o¢lety that suppjrts all chlldren young people to thrive, Octlv•s and ftctSvltl•s O¥t8 &lm8 The Warren House Group al Dartlngton IWHGI Is the gistered narrE ol the charity. 11 0rateS trading 8uL6idiary 'Thg Dartirolon Service Design Lab. a company INo.12e13eooi limrted ty a sirole share whth the Chaiity wholty owns.
Warren House Group At Dartington Trustees. Report Dartington 8•rvice Deslgn Lab: We are a reSe8h and aesign arm of the charity that work wllh ¢ommunf(iè8, children and yOLng re0e lo design thè charges they want support local leaders lo implement those changes. We evaluate the impaGI of those programmes, approaches and service8 and we iurn evidence irto actical advice to influence FX)Ilcy charYJe and investment. Work'ng through a cortsultancy model, o team of designer8, syslerns charge experts arKI researchers, deler iwlpact th and lor chlldren and yourvJ peoe, empmmng thèm to unlock ttrEir Fotential lo tTrwe. At D8rtln9ton, we're working for 8 future where people, corTwnunltlos and SerV5S work together Its shar eff6ctDI8 Systems that give all children and young peoKAe a fair chance to grow up haFFY. safe, atttrty and thrfvlrvJ. To tjo that we use thé power of evithrKe, experlerce and serv& to tackle Com8X challenges with and for chllthen and young Feople - all ol which you can read etR)Ut Mere.. www.crtingt0n.org.Uk. SnIfIcant a¢tlvltl Beeen April 2024 and March 2025, Dartinglw h88 led a tKoad Fvrtfollo of r&8earoh and deslgn conSLItan work, working wllh 28 different clients rarging from leading philarrthrupc trusts and foundaliorts, public 8eclor leadeis, What works, c4ntre8 aThJ nalkjnal children'6 ¢harili•s. Our wuk has ireaS[rgty shifted In focus, from th6igrdng and evaluatiTrJ di6crele Services ar Inlorvenb'ons lor ck4kJrèn aThJ families, toward5 broader systemic change efforts that 8eek to better undgrstsnd and addr98s Ihg root drivers of what hDld children back from Ihrivirg. ExamF4e8 uf work we 8WC888fully CorlUded and Shaied Imw¢t arowl durlrvJ thls wrbd i18.. - 8hrlng T•5uIts of our •valu&tSon of LEAP - a t•n-y•ir early Yea syst•ms chang• InltlAtIv•: We wt4istrEd shared results ol thls formative, developmenial and impact evaluation. Thls do¢umerrterJ conditions, activities mechani$m$ that supp)rted improveffnl In e8rfy year8 cfN'kl oulconE8 8j more effective and Irnpacttul 5Oem ¢oordination in Lamtelh. Lonth)n. Alongsid8 Ouf partners at the National Children's [eau, learnirp and results were shared, In collab)ration with team of locglly-tosed community reBearcher8 that wè trained, al nallonal event. Leamlng has dlrectly ¢ontrtbufed arKI fe¢ in lo the Be81 Start in Ule Thgtlonal F(Jllcy d8slgn - Our work contlnués wlth Kallo - •ddrÉsslng th• root drlv•r4 of young p•opl•'s mental h•alth and 1IbIng. Kailo is a £5.3m research grant from UKPRP Ihgt we lead to cTrdesign local stralegiee addre¥slng the soclal delerrnln3nls ol yourvJ peoe'S mentsl health wellteiro. During th18 year we have ¢JeVelod aThl reflrtsd a framework lo local community and put4ic system partr£rship5 to tetter understand and a6Jres8 ItrE underlyiro drer9 of young peoFAe's Ental tr811h and wellbeing. We ve deet our work In Northern Devon. buildiro ¢apabilili88 and aWrr$h1p of local tArtners, aThJ initiated new p3rtrErships in Camden and Hevering. we pre5errted learning al two major international research ¢x>nference8, and yo(Juced a 8eries of Feer revlewe¢ academlc paters. Publlshlng flndlngs from •valu•tlon of 8K9nng a Man: We conclLJed a kn year Sluty for the Youth End¢iwmert FuThJ to eXOre irnrlementalion and feaslbilily ol a UK adaptation of a US programn designed lo support posrtive yOLkh develoFfflenl In young men, YEF put4ished oui lirvjings, which have corrtnbuled to g commrtmenl lo fLrther scale aj eValte lfre Impact of the prcNJram in SoLrth London aThY beyond. Young Llvès vs Cancer - North Star strat•gy. WE al80 ndUdd a year programme of research and deslgn wrth YoLJrg Lives vs Canr lo suptK)rt the design of their rew slralegy. The resèarch irwolverj in-deFh qualtslive engJgemenis with children, youro FeoFAe and families affected awer and design and roll-out of ItE large8t child-focLEed survey of young people's cancer experbences COrted In the UK. This work catslyÉad a cross-seclor Strate alignment of UK Child cancer ¢lpriUes. togetkEr launch'ro a 'North Star, wsion for a more joined-up ecosy81em of supwrt Page 4
Warren House Group At Dartington Trustees. Report In addllbon lo cOld.r9 projects, thi6 year a180 saw the ¢omnncerrert of rw exclllng partnershlps and proje¢ty Continuing wr focLts on more sy8tenG aFproaches to improve OutMe$ f chiklren and young people. This bro1ed.. - A roadmop for th• d•volopm•nt of Traumfi-Inform•d approxhts •¢fO$S Londan: We were commis610r t¥ the London VIDIer Redudion Unrt IVRUI lo syntrEsise research. engage with young Feople and a wlder'ehampiorB wup, of proles8lonals across p)11, Ic¢al auth)rlty and health gy3teffts 1¢ design a shared vision for trauma-informed practicè. arKI a roadmap lor lW lo gel Ifr During 2024125 Ihls wort< tos molillsed and is gainlng IractiDn wlthin the Mayor's Office and beyond, BBC Chlldrén In Nmd - Posltlv• R•latlonshlps: Vve've developed a partrET8hip with B8C Chlltren In Need, rKl On lo evaluate a numtr of Ihelr larF granl.makirg and sy6tem8 chang8 inib"ativ&s, bth also to co-lead rese0h anQ sector engagerrent to artlculalè the ro ol relatlonshiF8 in SUFPOrtiTrJ child develoFnent and wellteing, and tlp p)$SUon this Ironl-and¢entre of the Foundation's impaca and grant-makin9 strategy goiroJ lorward. We've worked alongside B Chil(en in Need, a yOLng person leacrship group and high-pyoflle expert acfvl80ry groL¥). YFF Conneded Fthurés Evaluatlon In Blackpool: Building on two y¢ars prlor adion research, we9 teen comm186ioned by the YoLrth Futures Foundallon (YFFI to undertake 8 major four-year evaluetion of one of Ihelr flagshlp 8y8tèmlc change pKogrgmme8 lor children and yDuro people Connected Futur88 In Biackpool. We have commerced work designing ltr evaluation aFproach, workiru alongpide delivery partner5 Rbghl lo Succeed, Blackpjol Coun¢15 and a range ol lu¢al communjty partners. Th's wort( Is emF4oylnu t?1 aTrJ inrovative rarticlpatory research rnethods to evaluate a comple& systemic th9roe programm. 11 has p)tentlal to inform wIr 8e¢tor learnlng arKI yact¢ce. Warren House Grow) adlvltlel: In a(kJitlon to SUPFQrtlryJ the activitie8 01 Lab and asso¢iated outputs, Il charlty also putlished 11 t4ogs sharing leamirg and insights from our work, focusing on IIEme8 such as young peoe'S menlal Èallh and wellt)eing, youth VOL In research and design, Preverrtlon research and use ol Al In re8earch an¢ tssign. During 202ÉV25, in allgnrrErt to our charllable ot4'edives, wo havg In¢Lbgtsd and BUPty)rted the velopment and wwth of the Common Out¢onw8 lor Children and Young People CollaLK)TatW8 - a oled odic8led to supwting more Jolned-up and sharèd arproacM&s lo ConptuallSl[va and mea8uriro chil¢ outcomes. Our charty ha6 ¥ovided organisalioryAI a1 OFeraliortal irfrastrucknre and SUPFOrt, 88 well as gerving on Ihelr steering COMttee. We have ¢ontinue(I to 8trengthen our commilm8nt to equlty t1 8rtl-raclsm- Indudng cornlllLrtSon of lormallserl antl-racism group, refinement of an anti-raci6m eqLIty impact a65es8rnent Irarwork, and ernc.ng rellectve and learnirp s¥(es across the organisation to infotm our strate9y development and Dartlnglon Servlce OeBKJn Lab corBulting activlties arK1 projects. In 2024125, we cea aotlwligs ol cent for ScLial Pollcy - that was prevbuBly hru8ed wlthln the wIn House GroLP infrastructu. Sinc8 1996 this Infrastructur8 has provided a rich S¢¢ for Lateoareef I retired policy makers. researohers arKI pr8ctrtioret8 to ggther, keep abrea61 of FX)liw and Prle developments, and contlnue to input thelr wisdom aThY exFeMenoe. However, the Fellowshlp hyB deete and the CSP no longer aligns with the 6irateg'c cl'reclion of the organisation. We remain ever grateful to contriLxrtions and gjpport over tre years from this e8leemed group. OrE other imF¥)rtant role the csp rk1 was a research ethics over8lght arKI review function IDr the acttvilles of Darb'nglon Service Design Lab. Given the conclusion ol CSP, within the Warn House GIOLP have now developed aTrJ conslrtuted a new re8ear¢h elhics review fun¢lion'. L8bREC. This is chaired the Dartington servi Deslgn Lab Directoi of Research and 5UPPDrt ty the withr team. 11 aligns with established of conduct and social re6earch e('C8, and report8 annLHlly to the Warn House Group LK)ard of Trustees. Page 5
Warren House Group At Dartington Trustees. Report Flnandal revlew Mèssage fiom Treasurer- Joel Glover The Group remairts immensety youd of its partnerships and delNery, whT'ch wll aws be the uTraerpnnirg for tre delwery ol our charitable aims and Ihe fourKlation of ¢¢mmercial and financial vlability. Our assessfftnt of Iradirg activity during the year nCl1ed thot fv40 key macro-laclor8 Imuerttd firpncial delwery. an expected. bul challenging, slow down caused by eleclon aclivw and subseouert ¢harvJe to government., the wlder profourKI Issues in the m)rkets in which we operate more generally. Consistent with other busisseS whith supp)rt enablement and high rformance in markets which have wnlraded abruptly, ttE Warren House Group linds itself Ihe wrveyor ol vital inslghts into delfvery aTrJ operatlonal efficiercy to Custor5 who are strugglirg to maintain their own base Ferttsrman¢e and lack the atilily lo invest in the ILrture. Faced with thls 8Stuation OUT iNestment in partnef8hip wortdng. our high walty ol Inslghts, and th8 excellence of our te8m remain vrtally Important a8sets. The leadership of the organlsation, b)th Executfve and Non-ExecLrtfve, continue to ¢arefulty rMn((or Income, exFendrture, reserves. As I wrote last year, Poards 9)al has aNvays Len to ertsure adequate financial rèserveB to ensure that we can delfver the aim$ of thè tharity through uncertalrty, complexlty and amblguty, aTrY th18 goal remains. The Board e8tabll8h bLKJg818 Bnd a strateg1¢ aFproach to linartes with the goal of a 8tea(ty Increa8e in reBeNès that reflects the growiro cost ta8e of the organiBafjon, and the need to factor In the incrèased challenge8 10 the organisallon and wlder 8e¢tor. A material contributor lo our bottom-lino P)ln 18 txovLqlon lor Fenslons. The WHG has for mber of year8 offered its staff 8 pension arrang8Trnl IhroLgh the University Superannuation scher IUSSI. The lalesl actuarial evaluatn ol If USS ha8 revealed a ntinuir9 delicil that tr c?rity TllLEI recognise rt8 share of. Thls Is reflected In a Frov561on in the 2024r25 accounts of £100,691 12023124 £102.2271. Athough it reduces the free re88rve8 01 the chanty. In cash lermB. the dalictt is pa over 15 year8 a$ an annual cagh contributlon lo IfE USS. The Finance ana Operations Suknmrnittee of the Pnard net monthly and continue8 to monitor the financial aTrJ ilsk profile of tro charty tMrowJMoLrt the year, ensuriro a slea¢y flnartlal foollng and acceptable level of flnanclal rlBk, balanced agairnt t ctable alm8 and oblte9 ol charity. erall. the charity is well plad lo thllver f(s ctrorltable oty'eckn'ves wtulsl also meelirg the linancial goals th? Trustees have set,. it will conlinw lo con601idale it8 p)silion in the sector aThJ achieve a rKJsitNe imp3ct lor children arQ families. In SeptemtrEr 2023, the Trustees reviewed its resewes p)Iw and concluded Ihal rt needs lo have minimum of 6 months of Ike annual fo¢851 extendture in unreslricled resetve wth a largel level of 9 months up lo a maximum of 15 months. At 31 Mavch 21r25 level of unre8triced lunds, not already designalpQ, amounted to £904,337 12024.. £9.4311. The reserve levels held al the year end. WOLJld Gwrentty wver more than the minimum reserve levels required of £697k based upon a calculallon of 6 MthS of buttted operab.ng eXttTrth.tu.
Warren House Group At Dartlngton Trustees. Report Inv•stmentpoll¢yand otyectlve8 UNeslrieted, UleSIgnated funds afe held a$ c88h in the t8nk arKI Wre apprtyri8le morey Is F4aced on Ilmed depo8rt lo attract inlefesl. Due to the need to manage har Iluctuabors in ca8h flow. rx) mory 1$ CUff8ntly placed In any other inve81menl vehicle. Thi$ is ket der regular revi. The Trustees Fove the F4)wer to Inv¢st ctror4Ws money not Immediately r8qLdred, for its object In any investments. se¢urities or txoperty. Inve51menl p)wers can deleIe to a Iinartlal exFert provided th3t the flnancial expert Is. An Indwidual who Is an authori6ed person thIn thtr meaning of tl FinarKial Services and Markets Act 20CM)', or A company or firm ol repute which i8 an aLf£horised or exempt pers( within the meaning ol that Act expt eXern 801ety ty virtue of Art'cle 44 an(Vor Article 45 of the Flnandal Services and Markets Act lexemptlonl order 2CH)1. 8tructur• governan Ind managenhint N•ture ofgov•rnlnq aT(xtmi•nt The charity 18 controlled ty Its goveTnSng thUnt, 8 d8ed ol Irusl, and conBtilutes a IlmtsLI compary. limlted ty guarantee, as defirEd ty the ComFenRB Act 26. The o)vemng ¢thxUrnt8 of the tharflable company gre rts MemoraThlum and Artkle8 of A88oclallc•n. The Dire¢tors wtrKJ are Trustees or th8 cherity in elli during the year are listed 6eFerately in the Legal and Admlnistralive Information section. In mid 2019 an indeperent review ol the 9)Vemae the charity was undertaken ar tr out9 lleCte# well on thè Organ18a0n. CY ltr rnimr efflcierKy ar t8t prath'ce reo)mtrnndalion8 presented lo the &)ard, all h8ve now adopted. The TrLBtee8 meet four lirrEs 8 year th addltronal meellngs telrrfJ Galle¢ as nece86ary with three Lb committees delegated to BUPPgrt Ihe charity al a more operational level If8e irlude.. Ill Flnance, (>erallon8 and Governae IFCGI,. lill Strategy Bnd Impact,. and liiil Peop Sutxx)mmillee8. The day-ldaY management ol the charlty Is thè resp)n8Sbility of the CEO. R•crttht and appolnlmwrf oftrusig•8 Durlng 2)2On5, the Tru61ee5 comvotsd a s116 audll to ensure the toar(I had re¢xB88ry mix of 8kills and eXrren and to Inform recrullnwnl that would te comOele(I duriro 2025126. Two trustee re61gned dwlng th reFertlw wiod. Lynee Herdry and fBvid Architeld. ¢hadty 18 deep alelul lor their ¢ontribution durlrp ttdr tlme as Tru8lee8 each txirKJing a wealth rf exFerierKe and se¢lor knoWd5e and understandin9 to help shaF* the direclon of the Charty. Inductlon and lrnlnlng oltwstw l Trustees have been app)inted through a ler r8cruilment yooe88 rec4wed an enhanced DBS check as well as an extensive, rigorous and oTrgoing 1ndL10n training Fxocess coverirvJ such matters as awarene of a Tru81ee's resF¢nsltA"1rties, the oovèrnirvJ document, administratNe yocedure8, IfÈ history and philoSlea1 apwoach of the tharity. All Trwlees havp receNed copieB of the wev10 yea¢8 Ann1 Return rert, accounts and a COFY of the Charty Comm16SIDn leallel 'Th8 Essential Trustee.. What you need lo know" Trustees are al80 offered the opportlty lo engage in training wrth extemal organBalions. shoukl tw wish to take this up. All Injslees Completed safeguarding IralnlrvJ.
Warren House Group At Dartington Trustees. Report PayandrenWnw•t1 pollcy 18taff salaries and progression are [memented usiru a 8alary banQiro StrtUre, Swrted b/ annual pErforrnance appraisal wocess. The appraisal year run8 from Jan lo Decemtr and perforrrAnoe related progression lakes effect from the followiw April. Tf pollcy that SUPFOrts this is revlewed annlllY and salary banding in¢rea$•s accounting for infiation are considered ty the goard. Majty rf•k4 and m•nwgnt ofthos• rfsk4 The TrLBlee8 have COnser8d the riBkB lo which chanty18 expoged and trove estaL)lish8d 8y8teff lor miligaling trse ri8ks Extemal risk8 hav8 been minim18ed ty IfE adoption ol a new strat&gic plan, revlewed c¥) quarterly ba858, whlch Ind88 a strategy for sècuring funds Ir¢m a wide range of sources. Intèmal risks are m5nimS8ed by iMFdeMenti proce¢ures foi authorlsiro transactlons. projects elc, and lo ensur? ¢on8islerrt quallty of ¢Jelivery for all op8raliorAI asFects of thè Gharty through pollcy ar frarneworks. The Trte88 have a rl8k-managetThnl monit1r0 reglme which comrxlse8'. A quarterfy review of the prlnclFel actlvttles, Ill/JINJ rlsks and urKertainlles that the Lab face., • An on-going ieview of Folicle8, 8yslem8 ar pre68e$ Lry the Senior Manapmenl Team of Lab to mth'gate IFK)se nBkB that are idenb'fied.. • The ImF4ementatton ol pyocedufes de8lgn8d to mlnlmlee or manag8 ary Fx)lentlal gatIve impa¢1 on t charity Bhould Identifd a8 rlsks mal8riali8e. Thé Prir1pal ri8k of Ilnanoial 8UBlainabi1Sty for the charity 18 very c10881y moThtored and reviewed the HorK)rary Trèasurer monthly, and quarterly ty all Trustees. Attention also COnnOS to focus on rfjn-l1narIal rlsks arlsing from saleguardlng, GDPR, health aThJ safety, rewrtalion, 8ecurity, confldentiallty, welfare, morale otc., which are Bupported ty rol81 wjlicies and pro¢edure8 as well 88 regular Blaff awareness ddles. Durlro 2024125 we have contlnued to Lpdale and refresh Folicie$ lo en8we tw rAovlde effectNe supwrt and rk8k maN9gement to t organi8atlon. The Charity have had duè r8gard to prirKIFe18 01 r¢comm8Thded practlce8 a8 sel otrt 'Charity Govemance Cod8. and have aFVl8d these bvheiever practicable and in decion makn'ng. stat•nnt of trust•8s' r•sponslbllttles The Irltee3 (who are also the directr)rs Df Warren House Group At Dartirgton for ltre purp¥)¥e$ of cornFany lawl afg responsible for yepanng the trustees. r&pcwt the Iinan¢ial ststemenl8 In accordance th apFlicable law and Unrted Kirodom Accounting SlaThJards (United Ki0M Generalw Ac¢eFted AILounting Practice), iwludiro FRS 102 'T Financial RepG¥ting Standard applicable Ill the UK ard RepuLlic of Ireland,. Compary law requires th8 Itee$ to pr&Fe financ4al ?lat•rrEnts lor each Ilnardal year. Under compary law trustees musl not 8pprove the linarcial slalerrnis unless IW are sabsfied that they gNe a IrL and falr view of the Blale of affairs of parent charrtable comparry and the group and of the incomiru ie5our¢es application ol resources, irludIrO Ils irDMe eXndItre, of tl charitable group for that pgriod. In yeparing Ihase IInarla1 stalemerts, the trustees are iequired to.. select suitable accourtirvJ polloies and apply them consistortly., otseNe the method5 and prin¢iFJes in the Charities SORP.. Pa8
Warren House Group At Dartington Trustees, Report make judgerrEnts arKI estimates that are reasonatle prlent,. stale whether applicable accounting stsndard8. comprislng FRS 102 have ten folkfvved, sut4.ecl lo ary material departures disclo&ed and exF4airEd in tho firBncl statennts,' and prepare the flrrancial 6tatempnts on Ihe Ing conGern tosis unless rt 1$ inappropriate to pre8umè that the parert charitable compary will contsnL* in Lusiness. The Irustses are resp)nsitde for keeF4ng yoper accourting recnrds that can ¢Jlsclose wlth reasonatrle a¢xuracy al any linE the fin9noial po8Ation of the parerrt ¢FkgrrtaUe comFony and the group 8j enab them to ensure ltral the financial statements comply Wbth the Companles Act 2C06. They are also reswnsitle for safeguar(ling the assets of the parent charltable company arKI th8 group ard hènce for taking reasonable 81eF6 for the wevention aThJ detection of fraud and other Irregularilles Ruppolntfflent of •udltoT In accordance wllh section 485 of the Companles Act 2006, a resolvtlon for re-arffjoinbmert ol West¢ott6 ISWI LLP 88 audltor6 of charity 18 to t4 ¥OP)88d at thè fortIOrn1J AnnLvJI General Meètlng. The annual report was aPFVad ty the Injstees of the charty on by.. .J..$./..1.12r artl $lgned on ttB M Neopfytou Tru8tee Page 9
Warren House Group At Dartington Independent Auditor's Report to the Members of Warren House Group At Dartlngton Oplnlon We IKave aL#jit the firn¢la1 statements ol Warr•n House Group At Dartirgton (the '¢h&illab txr8nt compatyl arKI Its sutsidiaries Ilhe'group'l for the year ern18d 31 March 2025, whlch Mlse Corwlidated Ststemenl c4 Financial Activf(ies, Consolidated Balart& Sheet, Balarte Sheet, Con8olldated Statement of Cash Flows and Note8 10 Finala1 Slalements. inGluding a 8ummary ol signilicant aoUnt1r0 policles. The fInarla1 rep)rU"ng framework that has been applled In t1r eparalicfi is Unrted Kingdom AccountirvJ Standards, comprislng Gharilks SORP - FRS 102 'The Financial Repjrting Stsndard apFlicable In the UK and Rewblic of Ireland, and applicable law (United Kirocbm Gener81ty Accepted AccDuntsng Pract1. In our opinlon the ISnale1 Staternents. gN8 a true fair view of the 818t? of the grtyJ#B aNJ parènt charfty's affalrE os at 31 March 202S of Ils Incoming resources and applition of re60urces, incI1ng 118 Inme and expEndilwe, lor the year then erthd., have teen prcporw prepared In aex0rdae with Unlted Kln9Jom Generalw Accepted PL¢ountlrg Pr8Ctlce, and havè been pretxred In 8ccordame wtth the r8qulrerrErts of the Char((8 Act 2011 I Companle6 AGt 2006. Ba¥ls for oplnloo) We COu¢teé our audit In a(xordan¢e w(th Internallonal Standards on A]itIng IUKI IISAS IUKI) and apF4i¢abSe law. Our resFon8Sbilth"ee under IhoBe standards are futher ckncribed in Ihe auditor ie8ponslbilitie8 ltsr the alt rf the financial stalements sectbn of our report. We are IndeFendent of tke group in accordance wlth the ethical requlrenEnts that are relevant lo our audit of the financial 8talprnnts In the UK, includlryJ the FRC'S Ethical Standard, and we have fuwilled our other ethlcal re6pon8ibiliti&s In accordaKe wrth the8e requliemerts, We tdieve that the aLJrt evidence w8 have obtained 18 slrfficlent and appr¢ylale lo wovlde a trAa6is for our ownion. Concluslons r•latlng to golng conc•rn In a]rO the fina181 slalements. have tt•ncI8d that ltte trustees use ol the ng COern 4818 of aory)unttng In the preparaltsn ol the linanclaS stat8ments is appropriats. Based on the work we have wrformed. we 9ve not Identmed ary material uertalrtieS relatlng to eventB or conLtlons that, IrKlwidualty or ClectiVe, tThy cast signrficanl thutl on the group'B 8bllity lo continue as a goirg conrn for a rIOd of al leaBI ve months from when the origlnal finarrial 8laternentB were aulhorlsed for i8SL. Our reBponsibllttle6 and re8wMINlrtle8 ollhe trustses wlth re6Feet te 1r0 cowem are descrited In If relevant seCtior of this reprKt. ¢)th•r Infomatlon The trustees are re8portslt4e for the otrer inforrrallon. The Olher informauon wmprises the InforrfBtion irlUded Sn thè annual reprt, other than the finala1 $tst¢ments and our audrtor's report Ihereon. (Xr opnion on the finarKial ststerrerts ths not cover the other Informalon and, except lo the extent otherwise expllcllly 81aled In our rewrt. we do not eXeSS ary form of assur0r8 Gon¢lLtsion Ifkreon. Page10
Warren House Group At Dartington Independent Audltor's Report to the Members ofwarren House Group At Dartington In COntIon with our alt of the flrortial StatenIS. our r6sp)nsltilty 1$ lo road the olh8r Informallon and. In doing 80, consider Wther the ottr InfOrrnatn is Materfal ir¢onsistent with tre financial stalemnts or our knowledge obtainÈd in the audit or otherwlse apyears to te malerbalty misstated. If we identify SLrh materlal IrKortsislenGies or aFparent material mlsstaterrrts, we are requlred to delermirE whether Ihere is a material mtsststernent in financial statements or a materwl mi8slatenI of the otr inforrnalion.11. trsed on the work we have trtDrmed, we corvALNJe that there Is 8 material misslalement ol thi8 other informaln, we are reqLHred to refK)rt that fact. We have nothlng lo report In th19 regard. Oplnlon on oth•r matter proscrlb•d bythé Conyanlos A¢t x In our opinion, te8ed on thè work undertaken in the cour8e of Ine aLkd(('. the informallon glv8n in the arKI Trustees, ReFOrt for the finar1 yegr for whlch the flnancl81 statements are prepared Is coroi818nl wrth the financial Statements. and the and Tru5tees' Report have been preFered accordance wfth applIcae lepl requirerrorts. Matters on whlch w• are requlr•d to rèport by Copl10n In the Ih1 ol our knOwce and urKrstandirYJ ol the group th8 Farent ¢harrtable compgry and it8 environmwrt otxained In th• course ol the audl, we have not identlfied maleTkg1 mi881alefferrts in th8 Trustees. Rep)rt. Wo have nothing to reFrJrt in respeot ol lollowing matter8 wfre the Companies Act 20C6 require8 UB lo rep)rt lo you M, in our opinion.. adEqle accountlro record8 ve not been kept ty Ihg parent charable comFqry, u r8tum8 adeqle lor our audit have nol been recalved from bran¢hes not vlslled try LM,. or the parent charrtable oomparry financial 8talemerfts are not in agreement wblh the accourtlro records and retums", or certaln dlsclosures of IrLtstee8 rèrThJneration s[ece ty law are not mode., or we h8v• Thjt recewed all the Information and explanallons we reqLlre for Dur audil. R•sponslblllthg of trust••s AB explalned more lully tme Stalernenl of trustees, re6wnsibllits'eB, trustees are reswnsit4e for the preparabon of the flnanclal statements arwj for teing satisfied that they glve a arKJ fair view, and for sh internal control a8 the truste88 determine is nece8sary lo fyrnble the preKAratlon of firHncial 81alerntS that are froe from material misslalemert, whether due lo Irawj or error. In proForing the lirkgnoial slaterrenls. Ihe trustees are resporBible for asses$ing the cforty's alIty lo conb.nue as a going Concern, dI1051r¥J, as aFplicable, matters related lo golng concern and using the going coern baBIS of aoUnt1rg unless the tru8teeB eKfEr Inte lo Ilquidale the charty or to cease operab"orts, or have ro all$tIC alternallve bLrt to do 80. Audllor responslbllltles for th• audit olth• flnanclal 5tatem•nts Our 014"eGtis are to otain reasonatle assurance atoul W*ther the finanaal 8lalem8rts a6 a whole arè free from material mls5taterynt. whether due lo fraud or ertor, to Issue an eudilor'5 report that IrludeS our oynion. ReasonaLAe assurance is a high level of assurae, but is not a guarantee trwt an audit condu(led in accordancè with ISAS IUKI will detect a rroterlal misstateFrÉnt when rt exists. Mi8Blatements can ari%e from fraud or error ard are consdered material if. indwidual or In the 3regate, they could reason3bW expected to INflnCe econoffic decision6 of LJser6 tsken on Lysis of these financial statentS. Page11
Warten House Group At Dartinglon Independent Auditor's Report to the Members of Warren House Group At Dartington Irrègularities, including fraud, are InStanS of noTF¢omFAiance wlih laws and regulations. We de61gn ocedures in line with our re8fK)nwbllilles, wtlin8J above, lo detèd tvHterial mi5sta1gnt5 in resFe¢t of irregularitles, induding fraud. The exlent to wN¢h our pro¢edure8 are capable of tstectlr irregularrtie$. In¢ludirg fraud Is detalled Llow'. We ottsin an understanding of laws and regulatiorB gPF4ipble to Ime cotrpary Ihroug#i di8cwion with managemen( and those charged with goverrence. Thèsè laws and rewlatlon8 which were Gonsidered to have a material effect on the finanoal statements or operations of the omyany were identilled including following, Compani86 Act 2CKE, Employment Law, Health and Safety Act, Data Proledon Act & Charits'es 2011. We otlaln an understanding of the enllltys lICIeS wocdure for a8yesslro fraud ri8k ond idgntrfyirg actual or alleged fraud by mahiryJ enquines with manaMentS and those charg8d wrth governan aj revlewlng supKnrtirg corresFX)nden¢& with relevant aLfw)rilies and advisors. We otlaln an uncèrstsncllng of the effetheress of Ifrt entrties control enMronm8nt ty testSrYJ ol management override of controls. which inclLKJes but not limited to,. lesttro of journal enlrio8, rerfiew of aBsumptions and judgements made in accourting eslirrole, revlewing trartsactStsn$ occurrbng uut8lde tho normal 6cope ol tAslne88. The ute ol quallfled ar exFerierttd staff nMr8 lo ensure the aLJil team Is ¢ompdsed ol orly comFelent and eapabla member8 who are able lo recognlse and documnt any IrtstanB of ncncomplianrk. A further deBcrlption of our reBpJn8lbl1rtie8 18 avallaile on FSnarKlal Rep)rtlng cour11,8 webdte al.. www.Irc.org.ukJaudltorsre$portsitililles. This d8scriFion forms part of our aor'S reFOrt Us• of our r•port This rep)rt 18 rnade 8dely lo IhB thari18blg rent DJmpanV8 tru8te86, as a L, In oecord8nce with ChaFler 3 of Part 16 of the Corrpaniets Act 20Ce. Our aLKlil work h88 been undertaken 80 that we mlght Slate lo the group's trustees Ihoee matters we are requlfftd lo state to them In an audTtor's reF(>rt orKJ for m other purpose. To the lullesl extent Femitted L¥ law, we cl) not accept or assume responslbility to anyono tsthèr than the c*aritable parent Cornny and It8 tru8tee8 86 a kxKJy, lor o audit work, lor thi8 reFOrt, or for the opinlone we have formed. Adam CrorEy ACA (Senlor Statutory Audllorl For and on tÉhaif of Weslcotts (SW LLP Ptym Hoe 3 Longbridge Roa¢J Marsh Mills Ptymoulh Devon PLe 8LT Dale.. Page 12
Warren House Group At Dartington Consolidated Statement ol Flnanclal Activities lor the Year Ended 31 March 2026 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlctsd funds Totsl Totol 2024 In¢om• and End0Ots fron Donations arKI gaG18& ChHrltabl• actlvltbes Research aTrJ DBveltJpment IrNe8trr£rt Incorr other IrMe 54.839 54.839 2,973 1,523,718 22,274 915 1,523,718 22.274 915 1,806,170 16,291 Totsl Irwrn8 1,601,746 1 601 746 1,825 434 Exp•ndltur• on: CharilBt4e pJotwille8 1,687 840 1687 840 2 Q09,235 Total exFendture Net ?xp8ndllur8 R•conclllatlon of fund$ 1687 840 1687 840 186,C841 186,0941 1183,8011 Totsl fun(l$ broLEht loard Total fuTrJ8 cariled forward 990 431 1174232 17 904,337 4,337 990,431 All of group's actltIeS derive from ¢ontlnulTrJ OFeraliow durfTrJ tha above Iwo period8. The furvJs breakdown lor 2024 18 shown In wte 17. The notes on Ffjs 17 to 31 form an irrtegral part OftSe fInarla1 statewents. Page13
Warren House Group At Dartington (Registration number: 04610839 Consolidated Balance Sheet as at 31 March 2026 25 Flx•d ass4ts Tangible assets Currnnt ass•ts OebtorB Cash at b8rk aThJ In nd 10 11,985 15,046 566,923 640,919 1,409,521 1,357,864 Cr•dltor5: Amounts falllng du• wlthln on• y•4r Nat curr•nt tts•ts 416278 993,243 1077,612 Total 8s50ts léss eurr•nt Ilftbllltt•s 1,005,228 100 891 1.02,658 102 22 Provlslons 16 Not asstts 9 431 Funds of th• qroup: Unr•strfct•d Incom• funds Unie8tr*led furKJ6 904 337 990 431 Total funds 17 904 337 990 431 The Ilnan¢ial slat8mènt8 on FegeB 13 10 31 were approved W th8 trufjtee8, and authorl88d for18gue on . 1.4./1.1.7. C arKI slgned on their tehaK by.. Neoph Trustee The mtes on Fages 17 tu 31 foFm an integial ofthes8 financial StateEnts. e14
Warren House Group At Dartington (Reglslratlon number: 046108391 Balance Sheet as at 31 March 2026 Note FIx4d o$s•ts Tongible assets lrwè8trts 10 1,79] 4,427 1.751 4.428 CuTh•nt as5•ts Debtors Cash at bank and in nd 722,165 919,685 476 145 t.411,3 192,241 1,395,830 153360 Cradltors: Amounts falllng due wlthln on• year M•t curr•nt ass•ts 1 219682 1 242 470 Total *ss•ts l•ss curr•nt Ilabllltl•s 1.221,433 100851 1,246,898 102 227 Provlslons 15 Mot •ss•ts 1 144 671 Funds of th• ch•rlly. Unrestrlrted Sn¢om•funds Unr88tdcted lund8 1 144671 Total funds 17 1144 671 The financial 8lalewert8 on page8 13 to 31 were aFproved ty thg Irufjte, auttrL)rt8ed for168ue on ,.l.l/.i./ir and 8lgned on their tshalf by.. MNeo TfU6tee Ttr notes on pa& 17 10 31 form an irrtegral of these fInarla1 91atemerts. Page15
Warren House Group At Dartlngton Consolldated Stalement of Cash Flows for the Year Ended 31 March 2025 2024 Not8 Cash flow from op•rating adtvitie5 Nel cash exFRnditwe 186,094) 11&3,801) Adlustm•nts lo cash flov43 from non-ca5h Itwns Depreciallon IrMestnnt InttJm8 13.301 15,547 195,C671 1184,5451 Worklng ¢apltsl adlustmMrt• Decrease in detlor3 Increa8e in credthrs Decrea8e In wovl8Sor Net cash Ilows from OFerallrg aolwllle C•sh flow4 from Investlng a¢tlvlil•s Interest receivable arKI similar income Purcko8e of larvJStk fixed assets Sale ol langitle fixed a86et8 Nel cash flows from IrNe8tirG act¢$ Nel inuea8elld&crea8el in cB8h caBh equlvalent8 Cash anQ cash eqLdvalents al 1 Wl Ca8h and caBh eqLlYalents al 31 March 12 13 15 73.996 136,026 98,082 37,652 1.334 113619 50,145 22,274 111,1601 920 16,291 14,3431 10 11,948 125,653 716945 138,1971 755142 842 598 All of the ¢J8h are tsrlved from ¢1)nUnng operBlSorffj dudng the atove Ferd. Thg fKJtes on Fages 17 10 31 f¢)rm an integral Fert ol these financial slaten*nts. Page16
Warren House Group At Dartlngton Notes to the Flnancial Stalements for the Year Ended 31 March 2028 1 Accounting pollcl•s 8tat•m•nt of compll8nc• The finarla1 stalemenis of the charitable compary, which Ya a publle entty Ljnder FRS 102, trove teen prepared In accordance with the Cbarftie8 SORP IFRS 1021 'AccounlSro and Reportirg ty Chariti8s'. Ststement of Recommencled praCte applicable lo charttips preparlng thèir accounts in a(rdance with tro Finar181 Reporting Stanthrd aFpll¢able in UK an(J Rewknlic of Irelend IFRS 1021 leffeclive 1 January 20191., Finala1 Standard 102 The Flnancial Reportirg Standard aPicable in UK and Reputrdic of Ireland IhB Companlos Act 2(K 81$1$ of preparalton The finerla1 statements have txen yeparècl under the hiStOral c0810)rNenlon, with the &xceptbn of Snveslmerrts which are irtluded al market value. Tf charty con81ilutes a pufAic kèTrI entity as dalld ty FRS 102. The IrwleeB ¢on6ider that there are no material uncertainbe8 aLK)ut lh& charitys ability to cOntir a8 a goirg concem. There are no material UrertalntIe aff8Ct the current years 8¢xwnt6. Incom• •ndgrynont All income 16 reCognid In the S¢alem&nt cl Finanaal ActNilies orKe the charity has entilleffjent to the fund8, rt 18 pyobable that the income wll te recewed aThJ t amount can be measured reliably. SeNice corrtracts are recLyJnised based Dn the stage of comet10n, whSch 18 measured ty the amcwl 018taff hJur8 Wt agai1 that contract, Income from the wovi8ion of 8eTvSceB stated aftsr trade d18counts, other 8èle8 laxe6 and r1 of VAT. Don•tlon8 •ndlog•cl LeCleS are accounted lor as income either upon r8C&iPt or where the receipt of leg¥ 18 ryob8bb. on be rellaw meawred and all condillons atta¢hed lo the18g0 have been fU111ed. Gfanls, ¢lonalions aTrJ Inv8slmnl Ore reccgnised when receIvab. whe such amounts have terms or CorKIOr which mLSt t met lor specrfic aclivrties. the relevant Incorre Is 1 recognised In the year t1 deferred anrj $tK)wn on the èalance sheet wrthln Currert liaLililw. Exp•ndltur• Llabilities are ¢¢nised as exFenditure 08 Soon a8 the 18 8 legal Qr ¢onBlruthve obllgalon commrttirvJ the charity lo that exFendilure. r( 18 probable that a Iransler ol economic benelits will be reqLMred in settlement aj the amount of the obligation can be Measu reliably. EKpendilure Is ccounted for on an accruals basis and has tEen classfled under hèadings that aggregate all cost related to the category. whe costs cannDt t* drectly attribLrted to PartVIar headirvJs Ihey have teen allocated lo activities on a tesis con8iSterrt with use of resources. Ch•rftabl• acfvlll•¥ Charitae eXndItUre comprfses of reseah, devebpment and dissemination actiwty. Page17
Warren House Group At Dartington Notes to Ihe Flnanclal Statements for the Year Ended 31 March 2020 Support ¢osts Cos13 comprise direct è)tpènditwe irrtlLdirp direLt stsff costs attrfbulable to adivity. Staff costs aTe allocated in accordance to lime SFent on projects. Admini81ratSon arKJ management costs are allLKaled in the saffl8way. Other IX)Sts are allocated in propotb'on tD inU)rrt gerErated by ltr actwity. SuFVOrt costs are those funcliorB that as8161 the work of thè charity bjl do ml direclty undertake charilatje a¢tivitiès. Governare o)sls InvOlrj the puUic awouratrx'lty of tke charty and its compliarKe wllh regulallon arKI wod y8dice. These costs Imlude costs related 10 8tatutory examinatlons and lagal fees together with an apFOrtionment ol overhead and SUPFQrt costs. These CO81$ are irLluded wrthin charitabl@ adivities wn relevBnt. Tanglbl• flx•d Ass•ts Fixed a$s8ts are only Gaw'lalised wton the value ex¢eeds £1,OOD. The cornpany apF4ies a sh)rt lrfe Il¢y of 3 years straight Ilrn. D•prnclIon Flxed assets are held al hlslorfc c051 less a¢¢umulated depreclalbn. DevlatIOn 18 provld&J al the following annLMI rates in order to write off each asset over rts estimated uselLA life, Asset class Flxturès and flttlrgs Comwter equipment Depr•clatbon method and r•1• 20% on Str&lgN lino % on straIg line Taxatlon The charty Is exeryl from GorpJrallon lax on 11$ oharltaYe gcllvlNe8. Fund structur• Unrestricted funds can te e In accordar wllh the charitable o¥ethes at th8 dl8cretbn or the trustee8, The charity has de%lgnated certaln fwd8 for SFeclfic purpose althoLoh there 16 no legal force lof the signat'orB. Rgstricled funds can onty te Lrned for partlcular restrfcled purpJ888 within the objects of the ¢harty. Restri¢lion8 ari8e when 8Fecled by the dorvJr or wfn funds are raised for parCUr reslricted rp08e8. Further explanatkjn of the naturè and wrp)8e of each fund 18 Inclucled In t not88 to the flnanclal statement8. relgn •xch•ng• Assets ar liabilities in lorewn currencies are Irar6lated into steilirvJ al the rates of ex¢konge rTJlirg al the balawe skeet date. Transections in lor8ign crrerleS are Irandaled ir*0 sterllng at the rale of excharvJe ruling at date of Irartsaction. Exchange differeeS are tsken into pJcBvunt in arriving al the op>rating re8Urt. Page 18
Warren House Group At Dartlngton Notes to the Flnancial Statements for the Year Ended 31 March 2026 Penslons 4nd oth•r post retirement obllgatlons The charftaLè conyany OFerales a delined contribution pÈrtsion scheme. ConlritrAJtiin8 payable lo the charitable ¢omF8ry$ pertsion sCtrMe are Charged to the StaleThnt of Financial AGtivifje8 In the ritxl lo whi¢h they relatè. FRS 102 makes the dlslSncllon iEtween a gfOUP plan and a mLthti•mployer scheme. A group plan eonsisls Df a cdlection of entilies common conirol typically with a sporsodng employer. A mulli-employer 8cherrE is a 8Gheme lor entitles not under Gornmon wntrol and rep$ntS ItyFicallyl an induslry-wlde Scheme SLKh as Universitie6 Superannlollon Schén. The accoLntirg lor a mulliemployer SGherne wtrre the emKAwr has entered into an 8greemenl wllh the scherrE that determines how the e0Yer will fu a 4èfiLYl results in the rec(wJnilknn ol a lia.1 for the contritlthions FOYab ttral ari8e Irom agreernenl (to the exlenl that they relate lo the delicm) and reSung expense In prol(t 105 In aCranCe wilh 6ection 28 of FRS 102. The tree8 are sali81ied Ihat Univer811ies Superannuallon Schen meets the d8finllion of a muf(S-empIor &Cm• and ha8 Irefore rp(x)gnlsed the dlsc£sunted lalr value of contraclLHI contrityJtlons under th8 recovery F4an in exience 01 tho dale of appyoviro ltre financlal 8lalemert8. The Charity participates In Unlversides Superannuation Schen. The scheme is a hybrid Fenslon 8chenw, providlng delined tenellls (for 811 memtersl, as well as deff ned ntriblOn benefits. The assets of the scheme are held In a 8eparatg trusloe-admini81ered fund. 2¢¢atr ol the mutual rolure of the sehen, the asset8 are not attribLJtèd to Individual in8tstullon8 ar a soheff-w1de contrltLrtI)n rale 18 eel. Thg Charity is Ihefelore exp08ed to actuaiial [kS a860clated wllh other in8111uli¢rB' employees and is unable lo identify its share ol the underlying a88elB and Iiabilrties of the scherne on cvnsislerrt and rea8onable basi8. A8 requlred by Section 28 01 FRS 102 Empbyee benefits" the ¢forty ther•fore a¢coLmts for the scherrE as rf il were a wholly delirEd contriLtiOn sche¢. A6 a re8uI( Ihe amount ch8roed lo t1 profil and loss a¢Unt resxe8enls the Ix>ntfiWlions payable lo the scfieme. SI9 the in6tilution has entered Into an agreement (the Recovery Plan) that determines how each emFJoyer wilhln the scherne will lur the overall deficf(, the charity regnISeS a Ilabllity for the contrlNrtion6 payable that arise from ttte agreem8nt (to the extent that they rete to the cèfioitl and I1refOre an expertse Ss recognised. The charltys lobl lialSIIty uThJer the recovery aft has t&n wogniged in accourt6 al 11$ we8ent valL*. Contributions towarJs this plan conllnLE lo te made on a monthly t¢$ls the accounts wlll reg)wi8e the urwiTraing of the felevant discoL1 provision. Page19
Warren House Group At Dartington Noles to the Financial Statements for the Year Ended 31 March 2020 Financlal instruments Thè tnjst tsnly has finèncial assèts and finanrAal liabilities of a kind that qualfy as tesic fi'nar1al In8trumerts. Ba8 flnartlal Instruments are inrtlalty re0)gn9 al IrarEadlon value and sut6equent measured al ItrHr 8ettlemert value. Cr•dltors and Provbslons Creditor6 and provi$lon8 are re¢ow18ed wtrtre the charity ha8 a pre8enl OtAlgaOn re8ultlrwJ from a Fdst evert that will Frobably result in tre trale( of funds lo a third Ferty aTrJ the amunt due to Bett1• the otrAigation can e measured or e8timated rdiabty. Credltors and are nonnally recognised al Ihelr setNeThnl amourt. 2 Incom• from donDtlon5 and l•gacles Totsl 2025 Total 2024 Cn&t1)n6 54,839 2,973 a Incom• from ¢harltAbl• •cllvltl Total X126 Total Research Development 1523718 1806,170 Included In grants rec8wed are fdlcN4lng aUrt8 fecefved frc*n Governmnt aThJ other AuU)onlles'. Lab bWII 195,440 9,409 Page 20
Warren House Group At Dartington Notes to the Financial Statements for the Year Ended 31 March 2026 4 Inv•stm•nt incom• Totsl 2025 Total 2024 Deptssll account Interest S Oth•T Incom• Totsl Total 2W24 Irmme on dS8P)8al of flxed as88t8 915 915 • Exp•ndltur• on ch•rltabl• actlvltl•s Total 2026 Total Re8eor¢h Ind Development 1687 840 2 009 235 7 Not Incomlrffjloutqo¥Sng r•*ourus Net loutg0lrvJlArOrnlng SOurceS for the year IrlUde.. 25 Audrt fee8 L085 on Sale cl targSble fixed assets held lor charfV$ own use CePtIon Accountlng 11,060 19151 13,299 8513 10,503 15.547 8 Tru$t••s r¢mun•ratlon •nd •xp•ns8s No trustees, nor ary Fer8on& connected wrth fvm, have recelved any reMuneraOn from th8 group duMr¥J y8ar or preceding year. No trwlees, nor 8ny person connected with them. have teen reimbur8ed for expen89 ty th9 groLP charity durirwJ ltr year or weceding ypar. Page 21
Warren House Group At Dartington Notes to the Flnanclal Statements for the Year Ended 31 March 2026 g Staff costs The aggregate payroll ¢osts wore as follows.. staff costs durlnu the wgrg: Wages a1 salaries Social secLth c05t8 Pension co8t8 1,269,898 94,198 74,374 1,072,8CpJ 112,3 91 159 1 276 315 The monthly average numter of person8 (IrlUdIng senior mjnagemerrt I leadershlp leaml em Joyed group during the year exFYe88ed as full tlm8 equivalents was a5 follows.. 2028 No 23 No 23 Ilonthty average r#Jmter ol per8oM •mF4oyed The nter of employe99 wh08e emoluments fell wmln th? tdlcwlng bandB wa8.. 2025 No £60,W1 . £70,0)J £70,Cnl - £80,COJ £80,W1- £90,CO) £90,LN)1 . £100,(xo £1Cn,(X)1 - £110,C Pag9 22
WaTren House Group At Dartlngton Notes to the Financial Statements for the Year Ended 31 March 2026 10 Tanglble fIX assets Group Fixtur and Flttlngs Comput•r equlpmant Totsl Cost 1 Aprll 2024 Addrtlons DF0$al8 5,263 52.718 11,160 27 097 57.9B1 11.160 28 017 920 At 31 March 2025 4343 411124 l)•pr•clatlon At 1 Aprll 2024 Charge lor the year Ellminaled on dispoea18 Al 31 March 2025 37,672 13,3)1 26,177 42,935 13,301 920 24,7 N•t book ¥alu• At 31 Marth 2025 At 31 Marc* 2024 15046 15046 Chrlty Flxtur•s and Flttlngs Comp4rt•r •qulpm•nt Totftl Cosl At 1 AprS12ry24 018PJ8al At 31 March 2025 5,263 16,46S 8,387 21,729 6079 D•pr•clatlon At 1 Aprll 2024 Charge for t year Eliminated on disposa18 At 31 March 2025 12,039 2,677 8,387 17,302 2,677 6329 N•t book va0 At 31 March 2U25 1,750 4,427 Al 31 March 2024 e23
Warren House Group At Dartington Notes to the Financial Statements for the Year Ended 31 March 2025 11 Flx•d Ns$ot Inv•stm?nts Chwlty 8h•rés In group undertjklngs and pDrtIClng Intsrests Shar•s In group und•rtaklngs Mark•t vAIu• M•t book value t 31 Klareh 2025 At 31 March 2024 There were no InveStnt &88ets OLrt&"de tts LK. 12 D•btors Group Charlly Trade debtors trom group untsrt8ng6 Prepayments aThJ JccrL*d Income 249,048 238,824 631,350 817,474 317875 095 102,211 722,165 Group dettors Irle8 £Nil12024". £Nill reoeivat4e after mre Ihan year. Charity debtors Indudg8 £219,14512024'. £551,528) reCeab artel more than one year. Group Chartty 2025 OL from group un(JetsklnL 219 145 551528 Page 24
Warren House Group At Dartington Notes to the Financial Siaternents lor the Year Ended 31 March 2025 13 Cr•dltor$: nunts falllng du• wlthln on• y Group 2025 Charfty Trade cr0d0r8 VAT Other taxalbn aThJ Social eecurity Arual6 and d8f8rred Irtt$ 0er credllor8 38.886 60,717 24,725 61,222 12.441 8n,717 1,175 85,103 25,291 288.004 3,&37 167,372 23,296 280 252 3,507 115,576 3.637 64.073 828 416279 153 3eo 14 Obllgatlon% under loasK and hlr• purcha1• ¢ontracts Total future mSnlmum leaEe Fayments ur¥J8r non<arlIable OFeradng base6 are as followB. Group 2025 24 Within one ye&r Been and flve year8 3,089 18,533 3089 33,977 Page 25
Warren House Group At Dartington Notes to the Financial Statements for the Year Ended 31 March 2025 16 Provisions Omup P•nslon contrlbutlons provision Total At 1 Aprfl 2024 Oe¢reaee the to passa oftime aThJ char¥Je In di8COUrt Tate At 31 March 2025 1102,2271 1,336 1102,2271 1,336 100,891 1W,891 There 18 a recovery Ferlod endlng In 31 March 2038 and a Fyovlslon of £1CO,891 ha8 teen Incluthd. Thls has teen derwed Irom an average (% current emyoyment FEn8ion al new rate8 at a dlscount rate of 4.76% ha8 ten apF4ied Lg88d upon Inlormatlon otalned from the pen61on 8¢h•n provider USS. Gh•rlty Penlon contrlbutlons provlslon Tot41 At 1 April 2024 Cecrea8e dje to pa88age oltim? aThl charge In d18COUrt rate At 31 March 2025 1102,2271 1,336 111T2,2271 1.336 11JO 891 18 Emplo• Ben•fft Obllgotlon¥ The lalest available complete actuarial valuation ol t Ratir8nnt Ircorne lIder is a8 al 31 March 20rJ It valuation dale), whlch wa8 carrled out Llng tfw projected unll method. SI9 Ihe Institution cannot identfy its share of USS Retlrprnenl Incom8 BLi5der Idefird tenefiti aese18 and Iiabilltye8, the follvirg dsGlowJre8 refl1 ttrMJse relevant lor those a6sels anu liabllil'e6 as wYv)le. 2023 valuallon wa6 tr seventh valuation for th8 Écheme under the sch8me-specrfSG fLndSng Tegime introduced by Pensh)nB Act 2(, whiah requires $¢hemes to have SLficnt an¢J aptmW8t8 2ssets to cover tkir technical prov18ions IIPÉ Étabjtory fundlng oryectivel. At valuation date, the value ol the assets of the scheme wa$ £73.1 b"Ilion ar value ol the scme,5 techni1 wovisions was £65.7 billion Indicatir a suWu8 of £7 4 billion and a funding ratio of 111 %. The key financial a8sumFlions used in the 2023 valuatw are dexrltRd tr*low. More detslls is set c In the Statement of Fundiry PrirKles', Ius&¢0.ukJaboUl-u51valualioand-fundln6latemenl-0f-fUdirvJ-irKIp1eI. Page 26
Warren House Group At Dartington Notes to the Financial Statements for the Yeaw Ended 31 March 2025 GPI assunwon Term dependent rates in Ilne with th@ diff8rem8 btheen Ike Rxed Interest ar InEx Linked yield cuNes less.. 1.0% p.a. to 2030. redwing lireaty ty 0.1% p,a. from 2030. P•nslon Incrnas•s {subl•ct to a floor of ¢YAI CPI as6umtrtSon 0.05% Dlscount iole (fOrrd rates) Fixed irterest gill yiekl cuNe plLk8". Pre-retirennl.' 2.5% p.a Po81 retSrernnt.' 0.9% p. The main derrrfjgraphlc as5umptlons used relate to the mortality a65umptionB. These a8sumOQr are LBsed on analysis of the 6chenE's experience carrled out as Fert of the 20rJ actuarial valuath"on. The mortBIty a8sumFtion8 uBed In Ihe8e fige$ are as follN$.' Mortallty base table- XIZJ valu•tl¢n 101% of $2PMA'lighf for males and 95% of S3PFA lor fema FUre ImpTovem•nts to rntsrtallty CMI 2021 wrth a smoothing parameter of 7.5, an inrtial athjilion of 0.4% p.a. and a loro-lèrm Imwovetrrrt fate of 1.8% for maleB 1.6% for female¥ The current lrfe expeBtancles on rellrement al asp 65 are,. 2Q25 Y••rx rJ.90 24.30 25.60 2024 Y••rs 23.70 25.60 25.40 27.20 CLrrent UK wnslonor8 al rotSrenwnt age- mJl¢ CLxrent UK wrionor8 al rel1nt age- femal8 FLrture UK ponOrpr8 at reliretr*nt age- male Future UK penorr9 al rellrement age- female A def11 reery was wt in pla¢9 as part of Ihe 2020 valuatr'gn, which required pgym8nl 016.2% of 8alarles over the period 1 April 2022 urtl 31 March 2024, al wfAch polrt the rate WOLAd Irease lo 6.3%. No deficll recovery FAan was required under the 2023 valuation tecaLBe th8 8cheme was Sn surplus on a tachnlcal provisions tesis. The Institution ds rK) lor¥Jer required to make deficit recovery contn'bthions from 1 January 2024 and accordlngly r818ased the outslandirg provislon lo the Fyolil arKI lo •¢¢ount. tY8count rate Pemlon Increaees ICPII 5.20 3.30 3.00 Page 27
Warren House Group At Dartlngton Noles to the Financial Statemenls for the Year Ended 31 March 2020 17 Fund Gmup Bal¢0 at Balanc• 31 V•rch 2028 Incomlng Re50ur¢es 2ry24 M50urce5 expended Trnn51e Unrestrfctsd funds Gereral 988,098 1,601,746 11,685,163) 13441 gJ4,337 Flxed a88et thBignated lund Total fund¥ 1 eo1746 1 687 840 Balancè at 31 MNr¢h 8alan¢e at 1 Aprll 2tr23 Inconng rnsour¢•s R•Ur¢•I •xp•nd•d Unr•strlct•d funds Gèn8ral fund Fkxed o8eet desigrwt•A fund Total unr•strfC lunds 1,159,325 6162 1,825,434 11,998,661) 988,098 1,165.487 1,825,434 12,000.W) 990,431 Rastrletad funds Thlnk FoN4ard 8.746 Total funds 1 174232 1825434 990 431 Page 28
Warren House Group At Dartington Notes to the Financial Statements for the Year Ended 31 March 2025 Charlty Balanc• 1 Aprll Balne• at 31 March af2S IncoThlng Résc4urc•s rnsowc•s •xp•nd•d TrJn5fers Unw•strtct•d funds General 1,142,338 430,456 1451,908) 2,67 13441 1,120,$42 De81groted Total funds 1 144 671 430 456 454 585 1.120,542 Balanc• at 31 Varch Balan at 1 Aprll Z)23 Inconlng r•source5 R•Sour$ èxpènd•d Unrestrfcted funds General fund Fixed ass¥t ¢J08ignaled fund 1,102,185 447.617 1448,5771 1,101,225 1,108,347 447.617 1452,4XI 1,103.558 RMtrkted ftjnds Thlnkfowrd Total funds 447617 1103558 Unr•strfct•d fun The urweslricted fuThJs consi8ts of fLmd8 whlch thrity may Lme for ts ctharita&e purpose at its ¢JretIon. DIgnated fund$ The fLKed 8S5et fl rèpreserts the Val of the charlvs ILnds ltrol are hekl in the fomi of tangle flxed a86ets r1 of any trrowiJS directty for If* purw$8 of wrcha&ng fixeol assets. They are Id spEille811Y to further the day lo day acliwlies ol charty and ore expected lo te held on a lor term ba$ls. As swh ttrey are therefore not freely avallatrAe to spend. R•strktqd lunds Think Forward UK furd is restricted funts. These funds are to be used lo help youro 0[e and advance tre lives ol yourg peoFle by provldlng suprx)rt and actwitses whid) develop their skills, Gapacrties arvj capatJlitie6 to enable them to partlcipate in socidy a8 indeFendenl, mature ar responsible ir1vidUal$. Page 29
Warren House Group At Dartington Noles to the Financial Statements for the Year Ended 31 March 2026 18 Anatysis of net funds Group At 31 Nr¢h Cash flo Ca8h at bank In hand 716.945 125.653 125.653 842,598 842 596 Net dett 19 Rèlat party transactlons Sales were made lo Warren House Group at Derlngton totalllrg £195,440 (2024 - £318,49SI, In rosF¢Ct of 8ervl¢e contracts undertaken. ExFen8es lolalling £158,82312024 - £125,247) were cross ¢harged from Warren House Group al DartingtDn for 8h3red office COBts and management Ilme, closlng debtor ol £Nil 12D24 £Nill and a closiTra creditor owed to Wafren H¢e Group al Darts'ngton at the year-erKI of £631,350 12024 - £817,473). The loan Irom W8rren HoLAe Group al Dartington 18 8e¢ur8d aTrJ inl8rest 18 charged 813¥0 above base, interest was payable In year ol £Nil 12024 - £39,778) on thls loan. In adcth'l, a donalicn wa8 made ol £Nil 12024 - £53.32411¢ Warren House at Dartiroton during the year. 20 8ub%bdlnry tr•dtnq actlvltl•s The Gharty owrffj 100% of the ¢Dmpary. Eertiryton Setvice Oesign Leb Limited (Company no.. 126136WI whose reg181gred offl¢x le Rlverview Dart Mlll$ Estate, C4d Tolnes Road, 8uckfa8tleigh, Devon, TQ11 ONF whlch OFerales a numter of comrda1 ventures on tehall ol Il Charity. The subsidlary donates its laKable profbls to the charity each year by gin aid. Dartiwion Serv4 Deslgn Lab Limited is iled in these con601idated accounts. Its trad1r results lor the year extracted from the IlnanGial #lalerrEnt8 are 8ummar18ed telow,. TurrVer 1,525,553 1,807,709 1,626.563 1,807.70 11.586,0581 11,977,884) IW,SOSI 1170,1751 11,4511 141,2C61 161,9G61 (211,3811 74 1.799 I,882> 1209,5821 Gr055 profit AdmlniBlr8lNe expenses Oparatlng Ilossypront Interest payable and sinllar ex[n588 {Lossyprofft before tax Tax on Ilossllprofil {Lossyprofft for th• flnanclRI yr Page 30
Warren House Group At Dartington Notes lo the Financial Slalements for the Year Ended 31 March 2026 Assets and IlablllU•s of th• $ubstdlary 2024 Flxad assats Tangible assats 10,234 10,619 Curr•nt ass•ts Det4ors Cash at bank In hand 476,108 152,840 628,948 562,589 240,8) 803,389 Gredltors Amount1811ing due wttNn ono year N•t ¢uff•rt Ass•ts 1636,2321 141e,7191 17284) 381.870 Total a¥ts I$ ¢urr•nt Ilabillt]•s 1950 397,289 Credllors Amount falllro after mc<e than one yoar Provlslons for IlablllU•s 1219,145) 1551,5281 11,9441 12,0181 (218.1391 (1se267) Net Illabllltl•%Vass•ts CApltal and r•s•rv•i Called up 8trAfe eaOts1 Profrf( and1058 account 1218,1401 1156,2581 {218,1391 11se2fll shar•hold•' Id•flclt)*Yunds Page 31