2025-03-31-accounts

Regist•red Company Number. 05200658 (England & Wales) Registered Charity Number: 1107423 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 FOR U. W. C. GREAT BR￿AIN LIMITED

U. W. C. GREAT BRITAIN LIMITED YEAR ENDED 31ST MARCH 2025 CONTENTS Page Report of the Trustees Independent Examiners Report Statement of Financial Activibes Balance Sheet Accounting Policies 3to6 10

U. W. C. GREAT BRrrAIN LIMITED YEAR ENDED 31ST MARCH 2025 REPORT OF THE TRUSTEES The trustees who are also the directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charib'es issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number 5200658 (England and Wales) Reglstered Charlty Number 1107423 RegIste￿d Offlce Flat 211 84 Crampton Street London E173BT Trustees Tegan Evans Secretary Christopher Jon8s Chair Appointed 11.05.21 Appointed 07.11.22 Perveez Mody Appointed 01.08.20 Hannah Mahapatra Andrew Morris Trisha Gorman Appointed 23.11.18 )pointed 02.08.21 Appointed 28.09.20 Bankers HSBC 237 Brompton Road Chelsea London SW3 2ER

U. W. C. GREAT BRrrAIN UMITED YEAR ENDED 31ST MARCN 2025 REPORT OF THE TRUSTEES STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The Gharity is controlled by its governing document, a deed of trust, and constitutes a limited company. limited by guarantee, as defined ty the Companies Act 2006. Recruitment and appointment of new tntstees The current board of trustees has been selecied from graduates of United World Colleges. parents of graduates and other volunteers who have been activ8 in supportin9 tt)e aims of the committee over the years and their terms of appointrnent confomi to the memorandum and articles of association. As we seek to strengthen the capacity to deliver our objertives. we aim to recruit new bustees with the appropriate skills as well as a passion for UWC. Organisational structure The Gharity is organised 80 that the trustaes meet regularfy to discu&8 the development of the tharity and its objectives. Related partios The charity has been fonned to create a better awareness of the objectives of the United World Colleges movement and has a dose relationship in professional and funding ternis with Atlanb'c College in South Wales along with Ihe sixteen overseas United World co1￿&S. Rlsk management The major risks, to which the charity is exposed. as Identlfied by the twstees, have been reviewed and systems have been established to mitigate those risks. It is rerJognised that systems can only provide reasonable but not absolute assuran that major risks have been adequately managed. The tnjstees are satisfied that the risks the charity faces at this early stage in its development are minimal. OBJECTIVES AND ACTMTIES The purpose of tharity (UWCGB) is to promole the th of Ihe United World College movement within Great Britain. It does Ihis primarily th￿Ugh the selection of young peopFe (1&19) to attend the UWC colleges at home and around the world. The charity is committed to ensuring that young people from a variety of socio*conomic backgrounds benefft from this incredible educational OPFQrtunity The core activits.es of the charity are to select young people from across Great Britain to attend the UWC colleges. The colleges offer scholarship funding that they

administer and UWCGB firKls worthy recipients of the allocated pla￿s. These recipients attend the UWC colleges for a Iwo-year residential programme where they study for the International Baccalaureate Diploma. Along with the trustees, the charity is largely supported by volunteer5 many of Whom are UWC graduates or former UWC parentsleducators. To support with this WOFk, the charity has contractors who work on promoting UWC across the eounty and are involved in the administrab've work for applicants. The trustees have a clear underslanding of the guidan￿ around public benefit. and this underpins the work they do for UWCGB. UWC graduates make an impact in all walks of life and often retum to their local communities to fulfil the UWC mission. The applicats'on process itsalf is designed to offer a mini UWC experience and is an extremely reflectNe process for a young person to undertake and we know often increases their confidence and boosts motivats'on to develop themsafves whether or not they attend a UWC. ACHIEVEMENT AND PERFORMANCE .UWC brings people from every part of the UK and all¢)ws them to to an education that would not be possible within their lo(xl community. Whether or not they receive a scholarship from us, the young people involved go into their local cornmunity and often make a significant contribution after they retum from their time studying at UWC whether al home or overseas.

U. W. C. GREAT BRITAIN UMrrED YEAR ENDED 31ST MARCH 2025 REPORT OF THE TRUSTEES FINANCIAL REVIEW Over the past year. UWC GB re￿iVed a total income of £53,641.57. This represents a dec￿ase from the previous year. largely due to a reduction in application fee income. which totalled £22,667.35. This is largely because we didn'l run a late application cyde which we may reintroduce in the future. Encouragingly, donations increased significantly to £19,812.90. nearly tripling from the previous year. This growth highlights the generosity of our supporters and the potential for further devek)pment in this area through a fundraising campaign. Additionally, orientation fees contributed £11,161.32, reflecting the (￿ntInued Suc￿sS of our Orientation Weekend and rts role in offsethng event costs. On the expenditure side, total spending amounted to £49,986.67. The largest expense category remained contractor costs, totalling £19. 130.38, supporting the essential work of student selection, administration, and promotion. Tuition fee contributions were £11,648.71, supporting three students through scholarship conlributions at UWC Atlantic. UWC USA and Adriatrc. The Adriatic contribution was supported by an anonymous legacy which we re￿ived. Going forward, we will need to increase our fundraising. if we are to be able to provide addttional support for individual students. Admin fees rose to £8,898.15. covering operational costs induding insurance and payment processing. Orientation Orientation expenses were £7,568.81, slightly lower than last year, and reff ecl efficient event managemenl. Volunteer expenses totalled £2,740.62. continuing our commitment to supporting broad representation al events while recognising the gènerosity of volunteers who often waive claitns. The year began with an opening balan￿ of £4,011.97 and dosed with £3.654.90, reflecting a modest decrease. While the financial position remains stable, the reliance on cydical income from applications underscores the importance of growing our fundraising base through a dedicated fijndraising team. At the time of writing, we also have an admissions and marketing grant from UWC Atlantic to draw on for two years of support. This will add £12.000 of income to our operating budget for the next year. Going foNard. we will need to.. Continue building on the momentum in donations with our newly established fundraising group. Fundraise pr02Ctively for tuits'on support and scholarships with the Dare to Dream scheme through UWC intemational Continue to ensure that we closely monitor the work of all our contractors. Whilst the main source of funding is application fees and donations the use of contractors means that the charity is able to adapt based on the income it receives. Through our work promoting the UWC movement, we hope that the tharrty will remain a stable going concem in the years ahead.

Reserves policy The trustees have examined the charity's requI￿rne￿t for reserves in light of the main risks to the organisalion. It has been established a policy whereby restricted fvnds not invested in tsngible fixed assets should be capable to meet overhead costs over a three month period. As the charity has a small amount of financial activity at this time it is not expected that the reserves requirement will be material but this will be reviewed by the tnjstees on a bi-annual basis. The charivs funds have all been applied in accordance with its objects'ves. Investmenl policy and objèctives The charty will develop a prudent amount of reserves in accordance with its policy and other than that does not expect to generate substantial funds for long temi investment at this time. It will maintain cash reserves in the most beneficial interest-bearing accounts that are available lo it from its bank. This report has been prepared in accordan￿ with the special provisions of Part 15 of the Companies Act 2006 relating to smallcompanies. ON BEHALF OF THE BOARD Chair: Datè=..............................

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF U.W.C GREAT BRTAIN LIMITED Independent examiners report to the trustees of U.W.C Great Brltaln Limited. I report to the charity trustees on my examinab'on of the accounts of U.W.C Groat Britain Limited (the Irust) for the year ending 31 March 2023. Rosponslbilities and basis of report As the charity tnjstees of then Trust you are responsible for the preparab'on of the aco)unts in accordance with the requirements of the Charvties Act 2011 (the Act). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examinatron I have followed all applicable Directions given by the Chaty Commission Under Section 145(5)(b) of the Act. Independent examination's statement I have completed my examination. I confirni that no material matters have come to my attention in connection with the examination giving me cause to believe Ihal in any material respecL 1. Accounting records were not kept in respect off the Trust as requirèd by Section 130 of the Act.. or the accounts do not accord with those records: or 3. the accounts do not comply with the applicable requirements conceming the form and cx)ntent of accounts set out in the Charities (Account5 and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view whith is not a matter consid&red as part of an independent exarnination. I have no concems and have come across matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. D A Grossett .

ESF R TH R ENDED 31 MARCH kncoming resources from generated fvnds Donations Personal Donati(￿$ Applicajion Fees Orientation Fees £19.812. £ 22.667.35 £ 11.161.32 Tt>tal incoming r•50urc•s £S3,641.51 RESOURCES EXPENDED UWCGB Actfvty Admin fees Orientstion costs Ex￿nSeS Contractor ctssts Tuitk)n fees £ 8,898.15 £ 7,568.81 £ 2.740.62 £19,130.38 £11.648.71 Total resourTotal r•sour¢es expend8d £49.988.67 INCOME I (EXPENDITURE) for thè ye £3.654.90 TOTAL FUNDS CARRIED FORWARD ON BEHALF OF THE BOARD Chair: .......-.-..-.........-......... Date: ..._.............................

CE SHEET AS AT 31 MARCH 2025 CURRENT ASSETS Cash al HSBC Bank C8sh at HSBC Bank (reserve fvrmts) Cash at PayPal Account Cash in Hand Sokjo Debtors £5.3641.$7 £0.00 i £0.00 £10.225.75 £19.500 £0.00 £0.00 CURRENT UABILtriES Credrtors.. AJnounts falling due wilhin one year TOTAL ASSEfs LESS CURRENT LIABILMES £0.00 £5.3641ts7 £0.00 £29,725.75 £5.3641ts7 £29.725.75 The ¢haritable company is entived to exemption from audrt under Section 477 of Ihe Companies Act 2006 for the year 31st March 2025 Th& members have not required the charitsble company lo obtain an audit of ils financial stateménts for the year ended 31st Mwch 2025 in accordance wilh Secti￿ 476 of Ihe Companles Art 2006. The trustees ackrb)wledge their reSpor￿1b1rrtles for {a} ensuring that the charilai48 C￿panY keeps a¢xwiting records Ihat comply ￿1h section$ 386 and 387 of the Companios Aet 2006 and preparirKJ financral statements which gwe a true and fair of th8 State of affairs of th& Charitable company as al the of each financial year and of its surplus or deficit for each financial year in accordan￿ ￿th the requirements of sections 394 and 395 and which otherwse rA)mply with the requirements of the Cmpanies Act 2006 relating to financial statements. so far as applicable to the charitable company. (b) These financial statements have been Fyepared in aco)rdance vth the specjal provisjons of Part 15 of the Companies Act 2006 relating to small Gharitable companies and ￿ the Financial Reporting Standard for Smaller Enthties (effective Apr￿ 2t]081. The financial statements were appmved by the Boarij of Trustees on Ihe date bel)w. ON BEHALF OF THE BOARD Chalr. ..................... Dats: .-...-...-........... io

U. W. C. GREAT BRfTAIN LIMrrED YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES Accounting Convention The financial statements have been prepared under the historical Cost convention and in accordan￿ with the Financial Reporting Standard for Smaller Entits'es (effective April 2008) Incoming resources All incoming reSoUr￿S a￿ induded on the Statement of Financial Actrvities when the charity is legally entitled to the income and the amount can be quants'fied with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from corporation tax on its charitable acttvities. Fund accounting Unrestricted funds can be used in accordan￿ with the tharitable objectives at the disGretion of the trustees. Restrictecl funds can only be used for particular restricted purposes within the oblects of the charity. Restrictions arise when specified by the donor of when fvnds are raised for particular iestricted F)urposes. li