Company Reg1gtr•tlon No. 04956068 (England and Wales) Chadty Roglsi•rod Nu. 1114995 HOMEFIELD COLLEQE UMITED {A Company Umlt•d by Guar•nte•l REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
HOMEFIELD COLLEGE LIMrrED ILIMITED BY GUARANTEe) CONTENTS Legal and admlnl$traJve 5nlormotl¢n Repart oltho Trust8es Ind•pondent aud0$ report Statement of financial actlvlues 12 881onc& shoot 13 Stat8mnt of cash flows 14 Notes to Ihg fin8nci81 ststgrnenls 15
HOMEFIELD COLLEGE LIMrreD (LIMITED BY GUARANTEEI LEGAL AND ADM1141STRATIVE INFORMATION Directors & Trust8es.' Ms N Beer Mr A Clrfton Mr S Davies Dr J Hargi8 Ms E Hunt Mr O Jackscm Mr P Kh8ri8 Mr G Pad8ri Mr P Smart Mr S Spence Mr J Ste81 (Appointed 5 FebnJ8ry 20251 (Appointed 27 Novembef 20241 IApFoint8d 5 February 20251 (Apwinted 5 February 20251 (Appolnled 5 FebnJary 20251 IAppoinled 27 November 20241 (Appointed 21 February 20251 IAppoint8d 27 November 20241 IR8slgnad 19 M3r¢h 20251 (Resigned 2 July 2Q25 Ms C Steven8 Ms A TBYr Ms J Ward Ms I Wilson Ms J Parr IR&slgned 27 November 20241 Senlor Managem•nt'. M¥ T Fomi8n Mr C Tullin Pwlnclp811 Ivlce Principall (Appointed 1 June 20251 (Head of CoOrate Services) IH8ad of Quality & Stsnd8rds1 IAppolnt8d 1 June 20251 IR&Bigned 21 Novernbgr 20251 (Head of Funding & Cornpliancel Ms S Dickle MrT He9 Mr M Se8sSons Registwed Offlce,. 217 Loughborough Road Mountsorrel Loughborough LeiGester5hlra LE12 7AR Registered Company Nurnber. 04956068 (England and WaleBI Regigtered Chorfty Numter.. 1114995 Auditor.. The Rthey Partnqr5hlp Lld Chamwood House Harcourt Way Meddi8n Bu$ine$s Part L81CeSter LE19 1WP 88nkers= Natwesl Bank Pl¢ Market Place Loughborough Leicestershire LE11 3EA Sdlcitors.. Shake$p88re Martsneau 1 Colton SquaT8 Leicester LE1 1QH The coFnpany is a registered Chaflty limitsd by guarant88.
HOMEFIELD COLLEGE LIMITED ILIMITED BY GUARANTEE} REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 The TTU8teos, who arè also the directors ol Homefield College mIled ft)r th8 purpJse5 of company law. psent their report and the audi18d financial statements for thÈ year end8d 31 July 2025. The trustees h8ve adopted the provision8 of the Statemenl of Recomrnendo(J Pract8 ISORPI 'Accounting and Reportln9 by Charrties. in preparing the annual report and finanrial statemènts of the charity. The financial statements h8v8 been prepared tn accordance wlth the &ccountino pcAicies out in the notes to the accounts and comply the charity's governing document, the Charitles Act 2011 and Accounting and Reporting by Charities". Slaternent of Re¢c*FnmendEd Pr8¢1ice applicable to charilles Prepanng their accounts n accord8nc8 Wlth th8 Financi81 R8porting Standard applicable in the UK and Republic of Ire18nd wbli8hed in October 2019. The Trostees have had ragard to Charity Cornn$s10,B guid8n¢o on pubmc bonaflt. The m155ton stat8rnenl ror the Charlly Is to provide learning and I1n9 èKp8riences that empower the Hom8ffeld communlty to rècognlse thelr potentl8185 activ8 CItIZ8ns. BeneficS8ri88 of the Charlty are people aged 16+ who Ilve in the UK, and have complèx n•eds, including Ihoso with Autistic Spectrum Condits'on$ and c(Mnmunicallon and learning difficuttie8. Plac88 ar8 ofler8d following a detailod asse56rnenl 8nd induclion procedur8 d8signed to Ienfy those Ihe College h8ve the maximum P05rt1ve Smpacl on, durin9 their time attending tho College. The Co118Ge feceives fundlng which 15 based on lh• oulcom8 of tha as6e68menl process. Funding 1$ received from the Departtnenl lor Educ8tion IOFEI 8ndlor Local Authorit1. Stru¢tur•, Gov•m•nco and Managom•nt Wcvn•fi?Id Co1898 Limit•d 8 company lirnlted tsy guarantee. Each of the Trustoe8 Is also 8 member 8nd aGree5 to contribut8 £10 In lh8 8v•ni of Iho Charliy being wound up. The CharSly Is govarned by Its Memorandum and Artides ol As$o¢iatiThY daled 17 Docember 2003. as 8mended by sp8Ci81 resolution dated 12 June 2006. It is 8 registered Ch8rlty with th8 Charity Commlssion. Th8 Principal r8POrts dlrectly lo tha Trust8e Board. There is an agreed d8CiSiOn4n8king schBme with delegated Powers oullingd in rgspect of appointments and flnanclal matters to the Prfncipal lexecutlve th8 whole org8nisationl. The Charity has thirteen Trustees who meet 85 a Board 8t least fOr times a yeer. Each Trustee Is also a mernber of at least on8 01 IhB followin9 subcommitt8es'. Teaching, L8arning & Assessment., and Finance and Gener81 Purp03es. Each subcommittee meels at least three times a y9ar. Trustee5 are allocaled lo the subcomrnittèe which can be51 utili88 their 5ki115 and knOedge. ASI Trustees comete an inducty'on progromrne and pa01pate In int8rn81 and 8Xtern81 IrBlning progr8mrnes which are spwfic to Tru8t88s. In adclitlon. Ih¥y Can and do ioln staff on colge training dBys. Rl•k Manog•m•nt ThE ColleGe m8inl8in5 a rlsk regisler. The reg15tèr Is routinely reviewgd and arnend8d to mltigate risk trj Learners, Staff and the Company. SITaleglc planning 15 Still 8 risk ¢Jue to the uncertain 3nd ch8nging economlc imate. The C(Aleg8 financès are managed well bul the level of extomal uncertainly makes longer term planning difficutt. Relationship5 wilh the10I81 authorities are good and studellt nurnber5 continue to grow. It 18 r8cognised that th8 flnanci81 chall8nge5 Wthln local authorities May impact on the Colleg8's abS1ity lo grow its incxjrne. The Senior Managem8nl Te8m continue to seek io reduco the finana81 risk lo the organi$aLion by". m8inlaining the rgputatlon of th8 College through the quality of its provlslon actw inlglligencg gathering initiauves lobbying offundlng bodies and the applicAtion for extemal grant fundlng.
HOMEFIELD COLLEGE LIMITED (LIMITED BY GUARANTEEI REPORT OF THe TRUSTEES FOR THE YEAR ENDEO 31 JULY 2025 Iconlinuedl Key managernent yr•gnn•l remunoratlon All Trustees give their tim8 tr88. Tha pay of the senlor 8tAff is reviewed annual and nomially Ina$0 ill accordance Wlh average eaminos anij the level of responsibilty required. In v18w of the charitabl• natLK8 of the corr7pany th8 rernUn8rao benchrnark Is d8t8rmined through comparative wearch Into gimilar1ocal salarie5 and with the assistance of S P8y 8nd benefits con8urt&nt. OblDcts of th• Ch•rlty The Charity'5 obJ8Ct5 are io advance the educotion and training and lo r811eve Ihe n88ds of individuals with loaming difficutties. mmunICation dlfflculb"es, epil¢p5y and slud8nls on Ihe autlstic spectrum In parucular but not exclusively by the provision of a college. Obl•dl¥e¥ and •divltl•• Th8 Colleg8 wa6 $81 up In 1987, became o regSs1or8d Charity in June 21)06 and oper8t88 In S118by, Mounts0r. 8arr)w upon Soar and Nunealon. The Cdlege provld89 hSgh qualty practlcal exp6¢08 lor P80ple with learning dlfflcullle¥ tD develop thelr". daity limng skS116, skills to Iwe with oth•r p8opl& and ski115 to ba mor8 active in the community tran5farable and specific workjemployrnent skills In 2024-25, the Colleoe provlded pr8cllc81 experleneos for benoflc18rfes as Set gul bolow.. 175 8tudentB ware enrolled al the Co118g8 funded by the Education Ski115 Funding Agenw IESFAI and th8ir local aulhorllies. which Is an Increase of 4.8% from 2023124. 12 dBy $8rvlc8s users fvnd•d by the local authorlty 6ndlor tholr own p8rsonal budgots. The funding tho College CeIVe8 15 wlated Thotjust to tho numberof people it caters lor but also Iho amount ol ¢ndividua1158d support a person requires. The programme lor 88¢h benefiGiary is Indivldualised to reflect person centred pl8nnirtg Jnd for DFE lundad le8m8rs may consist of units, which are externalty accredlted. Toenfjble the leamersto be more 8cUv• In the cornrnunity, thair programrnes are. where p0stIe, dellveTrd in community 5ettlngs and the premises ol olher provider5 of education and trèining. During Ihe y8W the College eng¥9ed with T.E.C.K Imolor vehicle and englngeringl and Enstruct Tralnlng lenvlronm8ntal constructs.c and woodland) 85 partners to widen our vocBlional provlskJn for the sludents. In 8ddltioTh, we Lyerale ihe'No Llmlts, pro9romm8 vAlh Msclntyre Care who kyovide indi¥Adu8115eil proJramrne8 sludenls wth very compl8x nagd6 In ord that they may gccess the maSn colleg8 al a point during their study programme. The Colg8 has invested me and money to dèvelop rea#$¢ work-based environments %%Ythin the general communlty- Examples include". Spectnjrn 51yle a training 5Blon for halr. beauty and grming. Breward'5 Coffee Shop focusing on hospitalty and catèriryJ proylding work placement experiences for our Students.
HOMEFIELD COLLEGE LIIAITED (LIMED BY GUARANTEE) REPORY OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 1eontlnuI A¢hieYements and perfomancg The College was sublèei to B sts)rt inspeelion by ofsted In June 2024. wh8n In8pesiors ludged th& Co118g8 to be good. er811, th• Inspectors Staled that for learners al Homefield Co118ge - T8aching, support and therapy stsff, Work ¢ogetrer successfulty to cr8ate a c¥lrn and producD"V8 arnIng envlronment They know their students an¢J their neods very well. As a result, 8ludents dernonstraie p)5Itive behavlours. and they vae the c8nng and r88P8ciful etwironmenls that they leam in. Areas for lrnprovgment are indudod In th8 quality irnprovornent plan.. Ensur8 that staff r8vlfjw and system8lcBIIy B8t student t8rget8, 80 that fvtura targets ora claar and students, progTe5S can be m¢Milor8d fulty. Support teachèrs to cont8XtU8llse math8rn8ty' Sn Ih8lr Sasslons approprfately 60 6tud8n¢s better develop th8lr understanding of thlB subject. EnBuf8 Ihatthe r8vised quallty and observatlon processes provlde cle8r araas d8valopmentBo that Iho quallty of education conUnug to develop. The Collage h88 8 hlghly ambltlous aDd exemplary Dukg of Edlnburgh Award progr8mm8. Work has been uryyertaken with the reglonal Coqordinalor to en>ur* 8djualrnent5 50 Ihat sdentS con access tho scheme at 8ever81 different leve15. Thi5 has resulted In 18 rtifiCateS of achi8V8rnent at Bronzo, 1 certificate of achievement In silver, 15 Bronze Aw8rd8 and 6 SSlv8r awardi. W• are CognIsed by DOE a$ an •x8rnplar providèr within the SENO sector. The Student Union, In its fourth year 9ain8d tracOn wth students h9Trg 8n Impact on Iheir College Ilves. Increased support Staff and students, well-being has bgen a particular focus to SUPPDrt all through Ihese thBllenging times. Addltional well-belng opportuni1188 hav8 been imp1éffj8nt8d #nd monllorlna of workload8 io ensure ittat st 1$ managgable lor 811. Fln4ncl•l re•W At the balenco sheet dat8 the nel 888ets or the charity tol8lled £4,166.728 12024 £3,746,683). The total incoming rosourc&s for the year wero £6,8U.80412024 £e.349,8931. The tDlal reSoUrS expended lor the year were £6.424.75912024 - £6.008,6361 resutting In a net Surplus of £420.04512024 - £341,257). During the ye8r therè w8s no requirement to state 8 106s on the imp8irrn8nl of fixed 8ssets £nll12024 £176,691) r8sulbng In a net movem8nt in funds of E420,04512024- £164,566>. Exptsnditure during the financlal year 2024-25 h85 been used lo.. lrnprov8 the Coll8g8 eStMt# to •n6ur• it megts the n8ods ol ils Bludents. lrnprove $taff t8rm5 and conoitlons. Contlnue the Investment in starr development to 8nsure contlnuation of a highValIty Txovision. lrnprDve Ihe quality of te8¢hing, Itsaming and assessment. Advance the digi181 skills of staff 8nd Students.
HOMEFIELD COLLEGE LIMITED (LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 Icontlnu•dl Future plans The Trustees and the College m8nogement ctInUe to proactiv8ly amend pro$1¢ and the re¥ource5 raquired. both physical and human. The funding environrnenl is challenging bul th8 Colleg8 has the nec83sary 5ki115, experti8e and repL¢lab'on at all levels to carry fonard the College's missH)n in p8rtn8rship with Ils gtskeholder5. The C(A18ge wlll maintain present partnèrships ard will continu8 to bulld pr08Ctfvo partneT5hips %ith local, r•glonol and natlonol fvndlng bodles. In 2025-26 the College plorns to., al Reduco th8 charty's independ8nce upon 8 single 5Durce of Income and exploro income diver$ifi¢atlon. bl Contlnue to ctrdesign and delivar hlgh qUBllty innovav•, personallsed learning 8nd support progrdrnmes. l Expand opportunitio$ for autlstlc youry p•ople to 18am, work ond CDnnect through collabor8¢ion8 th other st8k8helder8. dl Id8ntlfy 2 initi81 hub8 for CDmmunlty-baged c8ntr88. el Contlnue to devglop and IrBln our skilled workforce in their expertlJ8 in supp¢yting young people. The Trustees h8ve glven con8lder81ion to tho Charfly Commi68i¢)n's guidan on publt benefit b¥hen establishiryJ the 8ims 3nd activits'8s cf the Colkg8. In¥•stm•nl powor* ind pollcy There is no forrral investment pollcy as the College hokls no investments, howevgf th• Truste88 aim to mak Money In the College bank aKounts earn as muGh Int•r85t 08 P088ibl8. Fundrnl•lng pollcy The ¢o118ge intends to comrnenc8 a programme of fund raising in 2025-26 vla ev8nl$ and gr8nt appllcalons. R•J•p4•• pollcy The Trustees have consldered ihe levol ol r8serves held by lh6 Charity. Following a risk a$se5sment linked to Ihe development ol a polscy it ha8 b8en agreed th81 the College adopls 8 Teserve$ policy that free reserves las defined bebwl should represent al leos145 ¢8sh days. The position 81 the dale of these accounts wa5 that tree reserves lotalled £692.22712024.. £2.174,5831 which repr85ented 43 cash days12024".134 Cash day51 of 8Ctu816xp8ndltur8 In th8 ye8r. The hiqh level of plann8é tspilal expendllure in the year lo 31 July 2025 on lh8 purchase refurbishment of tyjildings fuffi& thè Cdlgge's alm to develop high quality, fit for purpose and accessibie19arning environment$. Free reserves are defln8d 85 totd unre8tricted lunds les5 the value ol unresfficted fixed assets. The Charty has sg¢ a budget for the year to 31 July 2026 to reinstate the desir6d level of free reserves 10 8¢ least 45 Gash days. The Trust88s consider tha current lev81 of reseryes suificienl to rnaintaln and develop its tharitable activities.
HOMEFIELD COLLEGE UMITeD ILIMITED BY GUARANTEEI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 Icontlnuedl Tru•t••s and Tru•tws' Int•r••ts The TTUStees of Ihe Charity, all of whom have b8èn TnJst8es for the whc48 of tha pwbd. unless othenw50 indicated, are1Ssted below.'- Ms N Beer Mr A Clifton Mr S Davie5 Dr J Hargis Ms E Hunt Mr D Jackson Mr P Kharia Mr G P8derl M8 J Parr Mr P Smart Mr S Spance Mr J Sl8el IAppoSnted 5 FBbruary 20251 (Appointed 27 November 20241 14)polnt8d 5 February 20251 14)point8d 5 F8bruary 20251 (Appointed 5 February 20251 IResign¢d 27 November 20241 IAppoinled 27 Novernber 20241 IAppolnled 21 F8bruary 20251 IAppointeO 27 November 20241 (Resigned 19 M8rch 20251 (Resigned 2 July 20251 M8 C Stevens M8 A Traynor Ms J Ward M8 I WIIBgn No Trusts8 had any financlal Interest In conlracl8 wllh the Charfty dung the ye8f.
HOMEFIELD COLLEGE LIMITED (LIMITED BY GUARANTEEI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 Icontlnu•dl statsment of Trustees, r•¥pDn$lbllltles The Tntstees Iwho are Blso Iha dlrectots of Ihe charitable company for the purpos of c(Ynpany lawl are r8sponsible l¢y preparing the report of the TnJslee8 and the financial staiemenls in accordance wth appllcable law and Uniled Kingdom Aecounling stsndards (United Kingdorn Gen¢r8lly Accepted AccJJnling Practscel. Company law r8qulr85 the Trust885 to Prepa financial Statgments for each finanei81 yeor, whith give a Iru? 8nd fair view of the state ol affairs of the charitsble company 8nd or the inGornlno re¥ources 8nd applicaiion of rgsoufC8S, incIlg Ihe incorne and expenditure. of thg ¢hadlable ¢ornp8ny for Ihal pgriod. In prep8rlng th?se flnancial 51aternents, the Trustees a requid to., select suitable accountlro pollck89 and then app5y them con¥l8lenfjy'. observ8 trb8 method5 and princip$ in Ihe Ch8ritSes SORP 2019 IFRS 1021,, make juttgements and estlfflales that are r8a8onable and prudent., 6tste whether applicatrA& UK Accounling St8nd8rd8 have b8&n folknved, $ubjoct to any mater181 dep8rtures disc1088d and explgine(J in tha flnanGl81 stat8m8nts', prepare the financlal statements on the going concern basi8 unless it Is In•pproprlate to presume that the ch8rltAbl8 company will conllnue In operation. The Twslees are responsible for keepiw adequate aecounlhg records that dlsdose wl¢h Teason#ble accuracy 18ny time the fin8ncl81 poslllon of the charllabl8 company ancl enAblo th8rn 10 6n$ure that the financial stal&ments cornpty wllh the Comp8n1es Act 2006. They are a150 responsible for safeguardlng the assets of the ch8rit8blè company and hence for iaking roasonable sttps lor Ihe prevention and d•tection ol Iraud and other IrMgul8rltl•s. In 80 lor 88 the Tru8tO88 are awara.. there Is no relevant audll InIrnatIOn of which the charit8bl8 comp8ny'5 auditor 15 unawBro', 8nd tho TN5t8e5 have taken all step5 that they ought to have taken to make themselves aware of any rdevant audit Inlorm8tSon and to eslablish th81 the 8udltor is aware of that InformaOn. The Trust888 are r8spon8ib18 for the Maintenance 8nd Integrtty of the Gorporate and finBnci81 Inlormalon inchjded on the charitable comp8ny'5 Website. Leglslation in the United Klngdom governlng the preparatson and dlssemlnation of financlal statements rn8y differ frorr legi81ation In oth8r luri$dl¢tlonB. Audltor• A resolulon to re-8ppolnt Thg Rowleys Partnarship Ltd 85 audltorn wlll be proposod at th• Annual General Meeting. The report h8s been preparad In accordance wh the Stat8m•nt of R8eomm•ndod Praclice Aceounling and Reporting by Charities and in accord8nce wlth the speclal prowslons of part 15 of Ihe Cornpanlés Act 2006 relating to sr0811 comp8ni8¥. On behaK ofthe ard Julia Ward Signed on 10.38.36 BST Trust Gianluca Paderi d n,f910412026, 09.10.06 BST 217 Loughborough Road Mount50fT81 Loughborough Lelcest8r8hire LE12 7AR Trustee Dote.. 2910412026
HOMEFIELD COLLEGE LIED ILIMITEO BY GUARANTEEI INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF HOMEFIELD COLLEGE MED ljplnlon W8 hav8 8udit8d th8 financial sta18m8nts of Hom8field Cd18g8 Lirnit8d Ilhe'ch8rltablè company'l for Ihe year ended 31 July 2025 whith compris• th8 Statement of Finan81 Actfvities, the 881Bnce Sheet. the Staternenl of Cash Flow5 and notes lo the ffnancSal statements. inGluding gnIfiCant accounting poliae5. Th nandal reporting frarnework that has been applied in thelr prep8ratSon is appllcable18w and United ngdDm Accounting Standards. includlng Flnancl81 R8POrtino Stsndard 102 The Financlal Reporting Stand8rd applicable in the UK and Republic of Ireland (United Kingdom General Acc8p18d Accoundng Pracbcel. In OUT oplnlon the financlal st8tèrnants.' glve 8 tru8 8nd falr vlew of the 8t8te of the charftable cornpany'8 affairs as at 31 July 2025, and ol fts Incoming resources 8nd 8pplicalion ol resources, inthding ils income 8nd expendrture, for the year then ended,. have been properly pr•p8red in accordanee wlth Unlted Kingdom Gènerolty Accepted Aecounts'ng Praclic8', and have beon prgp8red In ac¢ord8nce wth the requirements of the Compani88 Act 20C6. Ba¥1• lor oplnlon We COndct8d OUT audit In accord8nce vAth Int8rn8tlonal Standards on Audlting IUKI IISAS IUKII and applic?ble law. Our re5ponsibilltie5 under Ih05e 8landaid5 are further descrSbed In ihe Audllor's rosponsibilities lor the audil of Ihe fin8ncial staternent5 Section ol our report. We are Independent of charit8b18 company in accordanca wllh the ethical requif8rnent5 that are rglevant to oijr 8udli ol the flnanGial Statements in the UK, including the FRC'S Ethical Standard, and we hav8 fU1118d our olhtr eth5cal re8pon$ibilllie$ in 8c¢ordan¢e with these requirem8nls. We believe th8t the audit vidence we have obtslned 18 sufiicient and appropriate to provltte a bas for our opinion. Conclul¢M r•latlng to golng eone•m In audllln9 th8 financial 8tatem8nls. we have condudsd that the trus18è8' use ot the golng concern ba81s of accounting in the preparation ol the financial Blatements is approprlate. Based on the work w8 have perforrned, we have not identified any material uncertaintle5 relating lo events or condllions that, Individually or collecuvely, may casl slgnlficant doubt on the tharitable company'5 Bbilty to continue 8s a going concern for a perfod ol at least h¥elve months from when the financial statements are aulhori5ed lor issue. Our responsibilit185 and th8 resnSIbIlI.8 of th8 trustees with resP8Ct to golng concom are d89cribed Irt the relevant sections of this report. Other Intormatlon The other informatlon comprises the information included in the truslees annual report, oih8r Ihan finan¢lal statements and our audilorfs repct thereon. The trustees are responsib for the other inf(Kmalion conta1ned within the annuol report. Qur opinion on the fin8n¢ial staternents does not cover the other Information and, except lo Ihg extent otherwiso expli¢iUy ststed in our report, W8 do Tivl 8xpre6s any form of assurance conclusion thereon. Our responsibility is to read the other Information and. ln doing so. consider whether the other Inforrnation 15 materially inconsistent wth the financi3151aternent5 OT our knowledge obtainèd in the course olthe audit or otherwise app8aTs to be maierialty misstated. If wo identy.fy such
HOMEFIELD COLLEGE LIMITEO (LIMITED BY GUARANTEEI INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF HOMEFIELD COLLEGE LIMED l¢ontlnuedl Other Inlomwtson Icontlnuedl m8t6rial inconsi8tencies or ap)arent mal8Tfal mi8statorn8nts, we are requlred to deterrnlne wheth8r this IV8s rise lo z rn4terlal misstatement in the financi81 gtalpments thgm5efves. K, based on the work we have perforrnad, w8 Conclude that there is a mat8rial misst8lernent of this other Information, w8 8re roquired lo report that faGt. W8 have nothlng to report In th58 r8g8rd. Oplnlon• on other m•tt•rs pr••crId by th• Cornpanl•• Ad 2006 In our opinion, Se on the work undertaken in th? coJr8• of the audiL. the informatlon given In the trustees. report Ilncorporaling the direetors, report) for th8 ffnancial year for whlch the financ1 staterrents are prepared Is conBl$tenl th the fin8nclal &tatemenlS.' ond the dlrectorg, report has begn prèparnd In aCLX)rdance ty1h 8ppli¢at4e18gal requirernents. Matt•r• w whlch wq ar• r•qulr•d to r•port by qx¢•ptlon In the lisht of the kn¢Jwledge and undorstsnding ol Ihe charltab18 company and Its envlronm8nt obtained bn the courBe of th• 8udlL we have not identiflod m81gri#1 m188tetem8nt$ In the dir8ciCK8' rowsrL We have nothing lo report in respect of the followlng matter5 in r•lation to which the Componles Act 2006 raqulres us to report to you If, in our opinion.. adequate aceounllng record5 have not been kept. or rntUfn8 adequate for our audtt h4ve not been receivgé from brBnch85 nol Visited by us.. or th8 financial 8talernents are nol in agreement with the accounting records and retum9', or certaln dlsd08ur8s ttf directors. rornuner8tion specified by law are not rnode., or we have not recaived all the informalion and explanations we requlre for our audll., OT thè trustees were not enlltled Its prepare the financlal 51atements in accordance wilh the Small cornp8ni8s' regirne and take advanl8ge of the small compsnies, ex8rnPtlon8 In preparlng the directors, report and from the r8quirem8nt to prgp8r? a strategic report. Rupon•lbllltl•• of trust As exFlained mDre fvjlly in the trustees, responsibilitie5 5talern8nt set out ¢x pagg 7, the trustees (who arg Iso the dire¢iors ol the charit8ble company for the purposes of cornpany lawl yre responsible for th& preparation of the linancial 5tal8rnent5 lor boing satlsfied that Ih8y give a tru8 and fair view, and lor such Intem81 ¢ontrol 8S th8 trustees de18rmin8 ngce5sary to enab18 the prep8r8tion of financlgl statements Ih8t are free frcm material misst3tement, whether due lo traué or error. In pr<)8rlng the financlal 8tatsmenb. fv trustees a responsible for assessing Ihe charStable company, ability 10 contsnve as a going concem. dl8closing, 8s Applkabl¥, rnalter$ related lo going concern and using the going concern basis of a¢counlng unle$$ the trustees either intend to Ilouidat8 the charitable cornp3ny or to cease operats'ons. or have no wllgtic altem8dve but to do 50.
HOMEFIELD COLLEGE LIMED (LIMITED BY GUARANTEEI INOEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HOMEFIELD COLLEGE LIMifEO Icontlnuadl Audltorf8 re8ponslbllltlas for tho audll of tho Ilnanclal *teMents Our oty'ectives are to oblain reasonable assurance about whetherthe financlal statements as a whole 8 fr08 from matari81 mlsstalement, whether due to fraud or error, and to ISSLJ8 an auditL¥'5 rewrt that includes our opinion. Reasonable a55urance Is a hlgh level of a55urance. bul is not 8 guar8nte¢ th8t an audit conducted in accordance wllh ISAS IUKI will ah¥3ys (Jetect a rraierlal m15Statèmenl when it 8XiSts. Mis5ts1emenls can arlse Irom lTrud or etTof and are Considered material if. indlwdually ¢y in the aggreg81è, Ihey could reasonably bo expected to influgnce the economic d8cisions ol user5 taken on the basi3 of those financial ststement8. Irregularities. induding fraud, ar8 Instances of non-compllance with Laws and regulations. Wè d8sign procedures in I'ne wth our responsibilits'es, outlined above. to dètèet mAteri81 misstatements in r88pect of irregularitie5. induding Iraud. Tho speclflc procedures for Ihis engag8rnenl and the extent to which these ar8 capable of detecng irregularitN85, includlng fr8ud Is iJetall8d b8luw'. W8 obtalned 8n understanding of logal and regubtory frarnbworks that are applicable to th8 company and determined that the rnost slgnificanl which 8re d1Cty Televani to speclC assertions In the financial slalern8nts are trose related lo th8 financial r8POrting framework$ IUK Generally Accepted AccntIng Pryclice, the Comp8nie8 Act 200618nd the relèvant tax compllan¢8 regulalions in the luri5dlclion in which the cDfflpy operat8S'. We enquir8d of man3g8mèni, whether ihoy were aware of any instances of non-cOTnpliDcB wllh 18w6 and regulations or whether they had any knowledge of actual. 5U5pected or elleged fraud., We assessed the susceptibilrty of the enlltvs financlal 3t8iemgnts to mAteal misstatement, including how fT8ud might occur., Our t881ina considered unusu81 or unexperted loum91 entrtas on 8 88mple b881$', We evaluated th8 assurnptions and judgern8nt5 US8d by management within signiticant accountlng 8slim8te8 and asseB8ing Ir Ih88e indicate 8vidonce ol m8nagem•nl bias., We tested slgnfflcanl transactlons, In partlcular Ihe 8w3luallon of the buslness rat10nale for any whlth app83r unusual or outside the company's norrn&l course of busin85S', We asses58d the appropdatene55 of the colleckn've competence and capabillii88 01 th8 8ngagement le8rn by understanding Iht practleal 8xr1•Nee wilh audrt èngagements of 8 similar nature and complexity, plus 8nsurlng the ¢8am had appropriate and re18vant training of the financial repng frameworl< and the relevant tax compllanco TQ9vlallons speryfic to the ents"ty", W8 reviewed th8 flnancial statemenis and lesled Iho dl$closur8s aaalnsl $UPPOrting docurnenlation,. and We cornmunKat8d relevant rn8tter5 to all rnemb8rs of the audil tèam lo ensure they understood the ri8k8 specific to th8 entity and the audit procedur¢s planned to mitSg8te these. 8&¢ause of the inherent Ilmitations of an audit. there is 8 risk that we will not delecl all irregularities, including those leading lo a rnalerial miystalement in the flngnclal $tslemenis or non-coThp1ianEe with regulation. This risk increases (he rnore that COTnpliance wllh a law or rBgulatlon is MOVed Irorn the event5 and transactions refierted in the financi818tatements. as we will be less Ilkely to become aware of inBtenc85 of non- compliance. The risk 15 a150 gr¥aler regarding irregularities occurring due to fraud rather than error, a5 fraud involves inienllonal conc8almenl, forgery. crAlusion, orni88ion or misrepresent81ion. A further d¥scription of our responsibilities is available on th8 Financial Reporbng Council's website at.. htty)s'.Ilbww.frc.org.uklauditorsr8sponsibilib8s. This d85cription forms part of our audltorfs repcrt.
HOMEFJELD GOLLEGE LIMITED (LIMITED BY GUARANTEEI INDÉPENDENT AUDITORS, REPORT TO THE MEM8ERS OF HOMEFIELD COLLEGE LIMED Icontlnu•dl U•• ol our report This r8POrt Is made soty to the charitabk company's members, a5 a body, in accordanc8 wlth Chapier 3 of Part 16 of the Companies Act 2006. Our audlt work ha5 been undertaken so that we might state to the haritable o)mp8ny'5 m8rnb8r5 those matter8 wè are requwed io state to them in an 8udllor's report and for no other purpose. To the fullest extent parrnittad bylaw. w8 do not accept or a5$ume wponsibility to anyone other than the charilable company and the chothable ¢ornp8ny's rnernbers a6 a body. for our audlt work, for thi8 r8POrt, or for oplnlons wo have fornied. Paula Swann-Jones signed on 2910412026, 14 52.40 BST Mr• P 8w•nn-Jon•• FCA IS•nlor Sl•tutory Audltor) for •nd On b•hall ol.. Th• Rowl•ys P•rtn•r8hlp Llmlt•d Statutory AudltX• Chart•r•d Accountants Charnwood Housa H•rcourt Way M•rldlan 8uln••• Park L•lc•stor LE19 1WP D•te'. 291040026
HOMEFIELD COLLEGE LIMED IL5MITED BY GUARANTEEI STATEMENT OF FINANCIAL ACTIvlES FOR THE YEAR ENDED 31 JULY 2025 Ilncorporatlng tho Incorno and Éxp•ndltur• accounll Rgstated Tothl 2024 Unrn•trI¢l Rostrlct•d Fund• Fund• Totsl 2025 Not•¥ In¢om• and •ndowment• from Ch8rtt8ble atl•S Inv85tm8nl$ Other Income 6,679.634 30.188 134.982 6,814,616 6,306,555 30,188 42,738 600 Total Sneome •nd •niloYmL•nt• 6,709,822 134.982 6,844,804 8.349,893 Exp•ndttur• on ChBrttablè octfvities 6,411,179 13,580 6.424.759 6.008.836 Tot•1 •xp•ndltur• 6,411,179 13,580 6,424759 8,8,£36 N•t Incom•ll•xp•ndlturnl 298,643 121,402 420,045 341,257 Losses on the Impairrnont ol fix0¢ 8SSOt8 Transfer belween funds 176,fj91 18 129,585 1129,5851 N•t mov•m•nl In fund• 428,228 18,1831 420,045 164,566 Totsl lunds brought lorw8rd 3.738,500 8.183 3.740,683 3,582,117 Total lund• ¢•rrl•d forw•rd 4,166.728 4,188,728 3,746,683 The statemani of finandal 8ctiviti•$ Iniludes 011 gains and108588 in lh• year. All income and expenditLW derive from continuing activities. Th8 not85 on pages 15 to 24 forrn part of these fin8nciAI statgmgnts. 12
HOMEFIELD COLLEGE LIMITED (LIMITED BY GUARANTEEI BALANCE StrIEeT AS AT 31 JULY 2025 RBststed 2024 Not•• 2025 Flx•d A$set Tangle fixed assets JA74,$01 1,563,917 Curr•nt $•1• Dablors CAsh at bank and In hand 221,792 10 1.212,87S 153,ts13 2,489,625 1,434,087 2,842,668 Cr•dltors'. arnounts falllng due within on8 year 11 1742,4401 {459,9021 N•t ¢urront a•Mts 692,227 2,182.766 Total 1o•J curr•nt IlabllStl•¥ 4,106,728 3.746,683 N•t •M•t• 4,166,728 3,746.683 Fund• Unresthcted fvnds Restrided lunds 16 17 4.166,728 3.738,500 8,183 Total fund 4186.728 3,746,683 These financial statements have t)een prepared in 8ccordance with the prov1s1rS applicabla to companles subject to the 5m811 cornpanles regime. Th8 flnanaal Btatern8rts W8re approvèd by the Board of TnJste88 on 18 March 2026 an(J werg 8vJned on its behalf by.. Julia Ward Gianluca Paderi signed on 2910412026, 09 10 06 BST G Pad•rl Trustee signed on 2810412026, 10.'38..36 BST J Ward Tru$le8 Company Reglstratlon No. 04956088 The notes on page$ 15 to 24 form part of these flnanclal statements. 13
HOMEFIELD COLLEGE LIMITED (LIMITED BY GUARANTEEI STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025 Reslated 2024 2025 Ca•h flow5 lrnm op•ratlng actlvlllas Surplus lor tha flnancial year Adjustment for.. Depreciation of tanglble asset8 Los$e$ on ImpaSment of fixed assets Proflt on disposal of fix8d assets Interest received Ilncreasel in dgbtors InGrease I IDecrea581 in credltors 420,045 164,566 132,314 106,040 176,691 16001 142,llBI 18,9671 1110,1781 130,188} 168.7491 282.538 N•t gener•t•d from optrrltloni 735,980 284,8f4 Cllsh Ilow8 from In5110 a¢tlvltl•• Purchase ol 13ngible asset$ Sale proceed6 fr¢wn $8le of fix•d 88s8t8 Interest received 12,042,898) 1405,Y91 600 42,738 30.188 N•t ea•h u•gd In Inv•Jtlnq actlvlll•• 12.012.710) 1382,2111 N•t {d•cr•0)lIncrn1ts In ¢••h •nd c••h •qulvalent• 11,2717501 177,3971 Ch and ¢••h •qulv•l•nts tht b•olnnlng of y•ar 2,489,625 2,567,022 C••h and ca•h •qul¥alont• at •nd of y•ar 1.212.875 2.489,625 The notes on pag•s 15 to 24 forrn part of these flnandal $tat&ments. 14
HOMEFIELD COLLEGE LIMtrED (LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 JULY 2025 l. Cofflpany St•tu$ The company wag registered as a Charlty on 29 June 2006. Its legal gntty 15 8 ¢omp8ny Ilmlted by guarantee and does not have a share capital. Eadi rn9mb8r of lh8 company guarani8es lo undertake lo contribute up to 8 rnaxlmum of £10 towards psym8nt of the debts and Ilabili118s of th8 company In the 8venl of lh8 Gompany being wound up whilst he OT she i¥ 8 Thèmb8r or wilhSn one year after he or she ee8SQ$ to be a memb8r. Th8 charitabl8 company is incorporated In Ena18nd. 2. A¢¢ountlng poll¢l¢• The following accounting polic2e8 have been 8ptyied ¢ons15tonUy in doallng wilh Items which ar8 considered rnalerial In r8I8tSon to the cornpany's finandal s18ternents. Basls of pr•p•ra¢lon The fin8ndal ststem8nts of the Charitab company, which Is a public bgnefil ontity under FRS 102. h8V been prepared in 8¢cord8nce wlth th8 Ch8rltles SORP IFRS 1021'Aecountlng ènd RepoflSng by Charille$.' Slat8m8nt of ReGommended Practice appllcable to chartties prepadng their accounts in accord8nce with the Fin¥nci81 Reporting St8ndard appllc&bb In the UK and Republie of Irel8nd IFRS 1021 leffeclive I JanuDry 20191,, Financi81 Reportlng S18nd8rd 102 'The Financial RepcKiing Standard applicable in the Ul< and Republlc of Ireland, and ihe Comp8ni88 Act 2006. rh• fln8n¢ial staiomenis hav? bo8n preparfrd under lh8 historical cosl convention. Th8 preparatlon ef fin8ncial Statemen In compllanc• wlth FRS 102 requlr88 the u88 of certaln crfucal accountiry oslimates. It also Tequir85 manBgement to exerdse jutlgemenl In applying the chBTltable comp8ty's accounting pollcles (see note 31. Fund aecountlng Unrestrlcled funds are 98neral funds th81 am ova118bl8 lor u88 at Iha Trust888' discrauon In furtherance of the charttable company's objects"ves. Designated lund5 are unr881r1cd funds earmark8d by the TN5tees for a Bpecific purpose. Restricted funds ar8 those whieh are to be used In 8ccord8nce with specific restrictions Imposed by th• donor or which hav8 been raised by the Colleg8 for sp8clfic purposas. Golng ¢onc•rn At the tim8 ol &pprovlng th• financlal $t8tem8nts. th6 TruBt8es have 8 reasonable •xpeclation Ihat the charltab18 cornpany has adequate resources to contlnue in oper8ilonal exlst&n¢e for the forestealye future. Thus the Trustees conts'nu8to adoptthe going concern b8s1s of8G¢ountlng IN preparlng the financial staternents. Incom• r•¢ognltlon All incorne is Included In Statement of Financial Activities when the charhable company Is legally entitled to the income and th8 arnouni can b8 quantified th reasonable Èccur8cy. Grants. wh8re 8nlitlem8nt 15 not conditional on the dellvery of 8 specific p8rforrnan¢e by the ¢harttable cornpany, are recognised when the charilablo company becomes unconditionally entitled lo the grant. Glft• In klnd gifts in kSnd hav8 been Induded thin th? financi81 st8teThonts at a valuation as estimated by the Trustees. 15
HOMEFIELD COLLEGE LIMITED (LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31 JULY 2025 expendllure recognltbon 18xp8ndlture 18 aecountod for on an accruals bosls and ha6 been classi118d undor ading8 Ihat aggr8gat8 all costs related to that c8tegory. Expenditure 15 rBcogn15ed when there 18 a leg81 orcon5trUCtive obllgatlon to make payments to third parties, il is probable that 5ett18m8nt will be requir8d and the arnount oflhe oblig81ion can be measured reliabty. Where costs cannot be direcuy 8ttrfbuted to pathcular hoadings, th8y have been allocated to acliviik5 on a basi5 EOn51slant with use of th8 resources. Irrocover8bl& VAT Is ch8rged 898inst the c8togory of resoureo èxpended fer bthich rt was incurred. Tanglble fix•d a•B•ta Indlvidual fixed assets costing £1,000 or MO ara capitalised and slated 8t cost 1855 depr8¢i81ion. Deprecl8tlon is prOded on 8 8tralght Ilne basls 50 as lo wr5t8 off ianglbl8 ffx8d a8seis over thalr 8stlTnaied s?ful lives at the following annua rales.. Freehold property Long leasehold property lrnprovamenls 10 laasehold propertl Flxtures. fittlngs and equipment Motor v8hlcle8 2% a straight Ilne basi5 2% a Blr81ght Iln8 b8$Ls Over the remaining terrn ol the le88• 20% on a straight line basis 25% on 8 stralght Ilna basis Gains and 10890$ on dlsposals are determined by mpeng the proceed¥ wth the cary5ng amount and ar• recOgnis in tho Statement of Finartclal Acllvilie8. Assels under construction pre held al cost 8nd not dgyeclaltsd untll the polnt al which they are av8118ble for us?, 8t whlch polnl they 3r8 tr8n$f8rred to the relgvant rixed a55gt ¢ai8gory, and d8praeiation wlll commence al that pThnt. Impalnn•nt ol At e8ch repcrtng d8t8 fixed 8SS818 are revlewed to detemilne whother there is 8ny indlcalion ihal thoge B5sets have suffered an Imp8im)ent loss. If there is an indication of possibl8 impoirment, the recover8b18 arnount ol any affected asset Is esdmateé and compared with its carrying amounl. Ilestirnated recoverable amount 18 k)w8r, th8 C8rying amount Is dCe to its eslimate¢J recoverabLe amount. and an Impalrment loss Is recognised immediately in the Statement of financial arVilla9. If an impalm)ent1055 Subsequently reverses, the carying arnount of Ihe assai is Increased to the revi8ed estlmale of 5ts recoverable amOLsnt. bul nol In excess of amounlthat woulé have been detgTmingd had no iTNpairrnent1055 been recognised for thè a55et In previous years. A rever581 of an ITnpairment1088 is reoognl$ed Immediately In the 51aiemenl of flnan¢l81 ales. Debtors and credltorn r•c•lvabl•lpayabl• wlthln on• year Debtors and Greditors wlth no ststvd Interesl rate 8nd receivable and pay8bl8 withlrTr one year are r8cA)rd8d al transactSon price. Any losse5 artslng from Impalment are recognised in the Statement of firbancial activities. ash and cash 11•n Cash is repr8S8nted by cash in hand and deposi15 with finan¢ial ifistitutions repayable wlhout Penaty otice of not MO than 24 hours. Gash equiva18nts are highly liquid investrnents that maturtr in no rnore th8n three month5 or le55 from the date of acquisition and that are readily convertible to known amounts of c#$h wilh Insigniflcant risk of change in value.
HOMEFIELD COLLEGE LIMITED (LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Icontlnu•dl FOR THE YEAR ENDED 31 JULY 2025 Capltsl Grant• Capital-based grants 8fe recognised In tha Statement of Flnancial ACtItieS in line wilh the ¢ondition3 of lh• grant. Flnanclal Ingtrument The ¢haritab18 cornpany onty has financi81 assets and flnBndal lialItIes that qualify as b8sic financtal Ir75trument8. Basic financial Instrurnent8 are initially recognised at transaction valug and Subsequently measured at ¢heir settlemtsnl ¥u8 with th& 8xceptKJn ol bank loans which are sutsequeniiy m?asured at th8 fArrylng value plu5 llccrued inteT8St less rep8ym?nt8. The financlng tharge to expenditura is at nslant rate lCulated u81ng the effedve int¢St method. Pm¥lslon¥ lor Ilablltth• ovlsions 8re madé whgrg an evenl h8S taken place Ihat gives tha charitable company 8 logal or constructive oblS9ation thai probably rsquires 88tU8meNt by a tTan51er ol economic benefit, and a r8llabl8 95Mat can be rnad8 ol the obligation. Provi510ris are charged 85 an expense to th• Stalemant of Flnancial P05111on in the y88r that the Gh8ritabl• omp8ny baeomes aware of tho obllgation and are measured at tha bast 8sJmale at the Balancè Sheet dalo of th¢ expendllur8 required lo settlg the obllgallon. taklng Into account th8 Telnt rfskg gnd unc8rt81ntles. When paym•n18 are wenlually made, thay 8r8 charg8d to the provlslon carrfed In the B8lan¢• Sheet. R•tlr•m•nl b•n•flt• The charitablg cofflp8ny oper8tes defined contdbution penslon schemes on beh81f of It¥ Staff. ontrIbUOn5 ar8 charged lo Iha Statament of finanaal 8CtIO8 as they bacome payable In accordAnc8 wlth the rul&s of Ihe schemes. Operatlng L•84 P8yment8 mode under op8r8tlng18asas are ¢h8rgod to the FKoflt and1088 account In the perfod in whlch Ihey are incurred. Int•re*t Sncome Int¢rest income $ recognlsed In the Statement of Financlal Actiwtie5 using thg •ffectNe interest method. Flnanc• cosis FlnBn¢e costs are chargBd lo the Sl8tement trf Fin8nclal Activrtle5 OV8r the term of Ih8 debt uslng Ih? EfftiVe interest method so that the amount charged is ai a constant rale on the carrying amount. 17
HOMEFIELD COLLEGE LIMITED (LIMED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS Icontinuédl FOR THE YEAR ENDED 31 JULY 2025 3. Judgements In applylng accountlng poll¢l•s and key •our¢es d ••tim•tion uneertalnty Many of the amounts included in the flnanclal stalernents involved the use ofiudgernent and1ore5tsmaty". These ludg8ments and tsslSmates are based on managem8nt's best knowledge of the rel8v8nt facts and circumstance5, having regard.to prior experSenc8 but actual results ffl8y differ from the amounts includ8d In the financial st8tem8nls. The key ar8as in the Ilnanual Statements where these judgements and aceounting estimateB hav8 been &urnmaTi8ed b81ow'. Depreclalon raw Dre bps•d on egtlmates of tha useful lth and roBldual v8lu89 of th• assets Involved. Carying volug offreehold propety. Daf8rr8d Incom8. N•t Incom• I l•xp•ndltur•l The net Inccfflè I loxpendlturel 55 slated after charyifig.. 202S 2024 0epreciatr.on of fixed 8s8e18 Fe8s payable to IhB Charity's audltor for the audlt of lh8 Charity's annual financial statements Profit on th'sposal of flxad as8ets 1132,3141 1106,0401 116.8001 115,6001 600 5. In¢om• Incorn• from ch•rrtablo a¢¢lvltl•• Rogtakn1 2024 2025 LA Student faes DFE siudenl contrIbuon$ Calerlng Other incom8 Grant incom8 4.459,697 2,183,412 28,158 8.367 134,982 4.250,651 1.919,683 28,183 1,760 106,278 .814,616 6,306.555 Of total incom8 from charflabl8 activlti8s £8,679,63412024.. £6,200,277) was unrestricted and £134,982 12024.. £106,278) was $trICted. b. Inveslm•nt In¢om¢ I Investmenl Income &rfses frorn mon8y h8ld in Interes1 b88rlng deposrt accounts. 01 total income trom Inv89tmerns £30.18812024.. e42,7381 wa6 nstrIcted and £Nil12024'. £NIII was re5¢ricled. c. Other In¢ome 2025 2024 Profit on disposal of flxed assets 600
HOMEFIELD COLLEGE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2025 Exp•nditur8 on charitable activltle8 Staff GO8ts Other costs D•pr•clatlon Total 2025 Total 2024 Education and training Premises Insurances Bank charges and interest Coffeeshop costs Other administratlon costs Governance 3,684,350 1,567,030 385.114 53,617 2,718 12,605 552,649 16,993 94,704 5,346.084 37.610 422.724 53,617 2,716 29,976 S52.849 16,993 5.000,477 410,236 45,212 3,437 41.351 491,985 15,938 17.371 Total •xpond5turo 3,701.721 2.590,724 132,314 6,424.759 6,008.636 Of total expendSlure on charitable a¢tlvilies £6,411,17912024', £5,981,642) was unrestricted and £13,580 12024.. £26,994) was restricted. 7. Staff numbers and costs The average number of persons Ilncluding part time employeesl employed by the charitable company during the year, was 14812024.. 1381. The 8ggregale payroll costs of these person5 were as follows-. 2025 2024 Wages and salaries Social security costs Pension costs Termination payments 3,284,357 312,243 99,121 6,000 3,220,480 281.347 86.313 5,200 3,701,721 3,593,340 The number of higher paid employees was.. No. No. £60,001 - £70.000 £80,001- £90.000 Defined contribution penslon contrlbulions in the sum of £14,139 {2024-. £8,398> were made in respect of the higher paid employees. None of the Trustees lor any p8rsons connected to them) received any remuneration or benefits from the charitsble company during the year, or the previous year. One of the Tnjslees 12024.. nil) received £108 reimbursed expenses during the year from the charitable company12024'. nil). The non-Truslee key management per50r¢nel comprise the members of the senior management team, detailed in the Trustees, Report on page 1, who collectively manage the college and ils operations on a day-to-day basis. The lolal 8mployee benefits received by the key management personnel during the year was £275,15012024'. £327,200). 19
HOMEFIELD COLLEGE LIME0 IUMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS l¢ontlnuedl FOR THE YEAR ENDED 31 JULY 2025 ranglbl• ffiX assets Long L•a•qhold Flxturn*, L•as•huld Pmporty Flttlng• & Proporty lfflprovam•nts Equlpment Frnehold Unthr Property ConStrCtIon Motor V•hl¢laB Total At beginning of year Addili#n$ TranJfeF5 At oTrJ ef yoar 1,254,000 225.634 214,130 90.724 396,7 223,762 2,405,140 1.820,920 53.848 168,130 2.042.898 3.300.554 214,230 90.724 584,920 223,762 4,448,038 D•pr•clallon At beginnlng ofyoar Chargo fDr the y8ar Al end of year 326,021 77,529 80.237 195,693 161,743 841,223 31,641 4.140 1.834 75,826 18,873 132,314 357,662 81,669 82.071 271,519 180,618 973,537 14•t book v•lu• At 31 Juty 2025 2,942,892 53.848 152.561 8,653 01 4&146 J.474S01 At31Ju 2024 927.979 225.634 136,701 10.487 201.097 62,019 1,583.917 9. D•blorn 2025 2024 Trad8 debtors other debloi$ Propaymonls and accrued Incomg 58.605 1e.669 11,868 12,401 151,519 129,973 221,792 153,043 Trade debtors are stated #fter a bod debt provi$lon of £5.90012024." £5,900}. 20
HOMEFIELD COLLEGE LIMITED ILIMITEO 8Y GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31 JULY 202S 10. Cash and 8h •qulval•nts 2025 2024 Cash at bank and In han 1.212.875 2.489,625 Restated 2024 11. Cr•dltor8: •rnounts lalllng du• wlthln on• y•aw 2025 Trad¢ creditors Taxation and soclal 89curlty Other creditora Accru81s Deferred income 384,115 157,416 73,188 56,325 20.481 15,851 132,180 124,228 152,478 10fj.282 742A40 459,902 Def8rrod iDcome represents kncorn• rec8ivad in advance for 50clal care servlces provliJ8d by th8 Colbgg In the next financi81 year #né dlscretionary support funds as detailed in note 20. 12. Flnanclal In•trum•nt• 2025 2024 Flnancl¥l a&ts me88ured 818mortlBeO cost 1A34,e67 2,642,668 Financlal118blllt106 m8asur8d at arnorts'58d cost 742,440 459,902 Flnancial assets rneasured 8t amortiS8d cost Comprtt trade debtors, prepaymants and accrued income antj cash 8¢ bank and In hand. Flnanci81 Ilabiliilas rneasured at anw)rtlsed cost compri89 bank loans, trade creditors, accrua15. deferred incorne Bnd other credltorn. 13. Pen•lon ¢ts The company operates Oeffined contribution pension 5themes. Contributions are chaTged lo $iatement of financial aGtivrtl8s as they bocoma payable in aocordance wlth ihe ru18s ol the schernes. Total cx)ntrlbutlons paid f th8 year ended 31 July 2025 were £99.121 12024.. £86.3131. 21
OMEFIELD COLLEGE LIMITED (LIMITED 8Y GUARANTEE) NOTes TO THE FINANCIAL STATEMENTS Icontlnu•d} FOR THE YEAR ENDED 31 JULY 2025 14. Flnanclal commknients As at 31 Juty 2025, the ccfflpany had fjutu commitments undèr non<#neellable operating 18as8s as 2025 2024 Expiry dale., Due within cm year Due one and two y88r8 Outs hvo lo five years Due over flve year8 101,005 77.799 22.153 105.422 132.019 26,284 9,649 200.957 273,374 15. Capltal Gommltmonts As a¢ 31 July 2025. the Company h8d future capllal cornmltmen18 88 fdlow8,' 2025 2024 Propety- calé refurbl8hrn¢nt. Property- refur$hM8nt of 109 Swan Str88t Property- Therapy cabin Furnishlngs- furnitrjre 8.625 34,854 18.718 8.941 1,217.609 18.718 71,138 1,236,327 16. Unr•strlct•d fvnd• Atl Au9U•t 2024 In¢om• Expendltur• At31 Juty 2025 G8n8ral funds Flxed asset8 Free r•58rv#s 1,563,917 1132,3141 2.042.898 3,474.501 2,174,583 8.709,822 6 278.865 1.913 313 3.738,500 8.709,822 6411.179 129585 4166728 Comporntfv• unrBstrl¢t•d fvnd• At1 August 2023 In¢om• Exp•ndlture Transfgrs ImpalTrn•nt At31 Juty 2024 General Funds Fixecl Assets Free Reserv 1,441.099 1,955.157 1106.0401 15,875,602) 405,549 1148,5871 1176,6911 1,563.917 2,174,583 6.243,615 3 396,256 6.243615 5.981.642 22 256 962 176.691 3 738 500
HOMEFIELD COLLEGE LIMED ILlhllTED BY GUARANTÉEI NOTES TO THE FINANCIAL STATEMENTS l¢ontlnuedl FOR THE YEAR ENDED 31 JULY 2025 17. RBstrlct•d Funds At1 August 2024 Incom• Exp•ndltur• Transl•r At31 Juty 2025 Capital gr8nts Comwrthtlv• mlrlctod fvnds At1 Augu•t 2023 Incorn• Expendltur• Tr•n•ler At31 Jtsty 2024 Capllal qr8nts 18. Tr•n•f•r b•tw••n fvnd• During the year £129,585 w85 tran9ferred kn restcted lund8 19 unregtrictad funds which repr88ents a888ts acqulred for general us• and not ror a restriGted purpose. 19. R•1•t p•rty trnn••¢tl•n• The coll8g& has a¢credllallon wlth Nallonal Autistic SoLyely. of which Mr5 C Stevens Itrusteel is Chief Execuilve. Durlng the yo8r. ac¢r•dltallon f8•s of £nil12024.. £2,471) ware pald ta The Nail97 Autlsiic Soc18ty. 20. Afflounts dlbur¥•d ag•nt Ol•cretlon•ry Support Fund• 2025 2024 At beginnlng of year Amounts rec8iv8d Amounts disbursed Amounts Telurned 55,795 37,132 59,566 59,640 125,8891 129.2671 At end of wr 89,472 55,795 01scretion8ry Support Funds Are avail814e solely to students, ¥thero the Colkge Is 8dng as paying ag&nt. In these circurn51anc85, the support fund8 and related disbLsfs8rn8nts are exdud8d from the statemenl of Financial Acb"vitses. The amounts unspent are included in crediiors at the year end. 21. Prlor perlod •dluslm•nt During Ihe yeer, 11 w85 Klentifi8d Ihai capital granis received in the financial years 2021 10 2024 wefe Incorrectly dèfèrred within creditors Ideferred capital granlsl. Under FRS 102 and the Ch8rities SORP, these grant5 should have been recoonised in full in the year of weipt because all performance-related condltions wer8 met at Ih81 ts'rne. 23
HOMEFIELD COLLEGE LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {continued FOR THE YEAR ENDED 31 JULY 2025 21. Prlor perlod adJu81ment {contlnuedl Consequently, a prior period adjuslmenl has been made to recognise this income In the year of entiuemenl rather than deferring it. This has resulted in a restatement of the 2024 comparative figures and the opening reserves as at 1 August 2023. The impact on the financ1 slalemenls is as fo15ows'. Impact on Statement of Financlal Activltles - 2024 Increase in Income from Charllable a¢tlvitie$ (Grant in¢ome)-. £63,290 Increasè in Net movement in funds.. £63,290 Impact on Balance Sheet- 2024 Decreas8 in Deferred capital grants (Creditors due within one year): £294,908 Increase in nel 89sets'. £294,908 Increase in unrestrted funds.. £286,725 Increase in Reslricled funds.. £8,183 Increase in Tolal funds.. £294,908 Impact on Funds - 1 August 2023 Increase In Unrestricted funds.. £45,757 In¢rease In Reslricled fund5.' £185,861 24