Cliai'ity Regisli'ation No. 1121069 Company Registered No. 06036053 (Eiigland and Wales) Oak Hei ,hts School Limited .1 rustees, Re ort and I,'inancial Statemcnts ror the Accoui)lin Y¢ar I Se t¢mb¢r 2024 to 31 Au .st 2025
CONTENTS Legal and Administrative Infoiination Trustees. Report Independent Examiner's Report Slalemenl ol Financial Activities Balance Sheet Notes to the Financial Statements
Oak Heights School Ltd Trustees Mr 8 Dhillon (appointed 2211 V06) Mr K Sandhu (appointed 3115113) Miss J Daly (appointed 3115113) Governtng Documenl & Constitution Declarlon of Trnst dated 22112106 Charity Number 1121069 Charity Office 3 Red Lion Court Alexandra Rwdd Hounslow Middlesex TW3 IJS Independent Examiner Cheshams Accountimts Lid 16 Neals Corner 2 Bath Road Hounslow Middlesex TW3 3HJ Accountants Malkit Niiier TIA MSN Accounting 66 Violet Avenue Uxbridge Middlesex UB8 3PS Bankers Lloyds Bank plc 25 Gresham Street London EC2V 7HN
Pai'l I: Tlie Ti-u5tee.4' Annual Report Oak Heiglils SLI)ool Lid ivas iiicoiyorated 011 21 Deceinbei. 2006 diid ivas Slibsequeiitly regislered as a, cl)xi'ity ivitli tlie Cliai'ity Coiniiiissioii, eifeclive 4 O¢lob¢i' 20117. l.Govei'naiiee Oveiwiew And Modermisation Tl)L Ti'iistees i)I'esei)I Iheii. I'epufi dloii¥5ide Il)e fii)ai)¢ial slateineiils vl-llie Lliai'ily lur Ili¢ year ei)d¢d 31 Aiigiisl 21)25. Thc Triislees I'einaiii fully c(Iiiiiiiilled to Inaiiitaiiiiiig iobiisl govgriiai)L¥ practices iii striLI accoi'daiice ivitli tlie Cl)uriliL5 Acl 201 l aiid il)e Cliarities SORP (FRS 102). As pai1 ora rccciil, proaLtive review of ii)stiliilioii<il govei-iiaiice aiined at adopliiig coiiteiiiporary best Pl<lCtices. tlie Lloai'd is ciii-l'ciitly iiiorking will) a spreialist Lliayity laiv practilioi)er to Inodei'iiise tlie Cl)ai'ily's Meiiioi'aiidlllii aiid Article5 of Associalioii. Tlii5 Sli'iicturcd I'¢vi¢w aiin5 to iipdal¢ foi'mal Loiiflicl Illdiiagei))ent pi'oloLo15. regiilaris¢ liis101.ii operalioiial ai)d properly agreeiiients, ei)Iiaiice coiiteiiipordiieoiis I'ecoi'd-k¢epii)&, aiid aclivel), expand Ilie Coiiiposilioii of Ilie Boai'd Ilirotsgli Ili¢ reci'iiitineiil of addilioi)al ii)depei)dei)I Ii'uslees. Tlic Triistee% ¢mphasisc tl)at All histoi'ico18n'oi)gcmciits wcrc cstabli81)ed ii) absolute good faitl), with the sole iiiteiit of advai)ciiig tlic cliai'ity's ediicatioi)al objectives aiid iiiaiiitaiiiii)g opci'atioiirtl delivcry at tlie lowest acliievable cost to tlie public beiiefit. Exeiutive Management Framwvoyk To seclire stablc exccLltivc Icadcisliip, Mi. Dliilloii coiniiiittcd fiill-tiiiic to the opcratiollal I]11g aiid iiianageiiienl of tlie iiistitutioii iii tl)e. diial iole of Trustee aiid Priiicipal. To preserve operatioiial liqiiidity. execiitive diities wei-e del ivei'ed iiiidei. cl I'eslricted, bcloiv-iiiai'ket I'eiiiLiiieratioii fiaineivork, d¢tuiled explicitly ivitliiii tl)e i)otes lo il)e fii)aiicial staleineiits. No otlier ti'ustee received remuneratioii oi. eipeiises dui'iiigJ Ili¢ y¢ai'. Tlie Boai'd of .1 ¥usteeg Inaiiitains strict administi'fttive oversi81)t over tlie iole of Priiicipal. Mi. Dliillon's execiitive fiiilctioiis aiid opcratiniial dccision.8 are re81slated by tlie fLIII Board of Trlislccs at all stage5 of ci'iticlc I decisioii-jnakiiig. Tlic Priiicipal I'eports dii'ec.tly ti) tlie Boai'd, wlieir lic is I'equircd to jiistify operntioiial strategies. 2. Objectivcs, Activities, IlDd Public Benefit Oak l-Iciglit5 Scliool I,td was cslabl islied to dcliver liigli-qlldlity senior-lcvcl cdiicatioii aiid enricliiiig social activitics to youiig pKoplc. Located iii Hoiii)slow Ceiiti'al, West Loiidoii, thc scliool Ilas l)istoi'ically pi'ovided structiired secoi)dary ediicalioii focvsii)g oli GCSE preparalioii. Acliieviiig ex¢eptioiial leai'iliiig staiidards iijithiii a siipporliv¢ ediicalioiial ei)viroiiineiit, tlie ciii'i'iciilliin SLicc¢ssfull)' prepared studeiits foi. coillpctitivc pi'ofcssioiial paililvays. 3. Strategie & Financial Revieiv Maci'oeconomie Imi)aet & Trkide Debtors Tlic Icgacy of tlie COVID-19 pniidcinic caiiscd Llllpl'cccdcntcd global disruptioi). resulting iii iiiandatoiy statiitoly 5¢11001 closiii'e5 ac105s LiigllÉ lid. Oak I Iciglils Scliool I'f-spoiidcd swiftly by traiisitioning its ciii'riculiiin to reinote leariiiiig platloi'ins to preserve educntioiial cthiitiiiiiity.
Hoi¥'vvei'. coiiscciilive i)Alioiial lockdoiv115 pi'oloiii)dly iiiipacted tl)r. fainilics wiiliiii oiir local i)I'opoi'lioii i)I' laiiiilies faLed 511ddcii ccuiioinic iiislability aiid ivei'e 11siablc lo iiic¢l ILiilioi) fee s¢liediiles oli tillie. l¥iidii)g lo ali accuinuliltioii of ti'ade dcbioi's. Wl)ile ilie chai'itv lias SLiccessfiilly redLic¢d th¢ outstaiidiiig Ilebioys list ov¢i- ¢uiiseculive periods. Ilic Board reii)aiiis coiniiiitted to resolviiig the I'eimaiiiing legacy debi. 2025 Sector Headivillds Reslructiiring Dui'ii)gF the ciirrei)I ieportiiig p¢i'id. tlie iiidepei)deiil edue.atioiial s¢Ltui' laced uiipi'ecedeiited ecoiioiiiic aiid legislative IiLadwiiids. Iii p&rli¢iilai'. tlie iiitroduLlion vf Value Add¢d Tax (V AT) oli iiidepeiidenl scl)Dol fees effective l Jdlludry ?025, coiiibiiied iviili ilie IEiiioval uf LlTrai'ilable bu5il)¢ss ral¢s I'eli¢f foi. iiidupciidciii s¢110nls fioi11 l Api'ii 2025, iinpo%c'd seveir, cniiii)i)Iiiidiiig IiiiaiiLial pressiil'es. As a sinall cliai'ity 8Lrviiig a localised coininLlI)ity, tliese legislalive cliaiiges rLciiiifLd lin iilliiiediale I'eslriicluriiig of oiii. fec iiiadclq. Coi)8equciltly, tric scliool cxpcricn¢cd a shai'ii d-. .liiie In iieiv enioliiieiil intLresl tiLI'OSS 2025, aloi)gsidc a coiitractioii in .stLidciit l)Liinbers by thc ciid of Ilie acadeiiiic year.
Pijst bAlACe sheet eveiits l.Operationxl Trai)si¢ion anil I'es5ation llll-Time Sclioolin2 Followiiig a I'igoi'oiis fiiiaiicial aiiii oyei'atioiial I'eview of Ilie clidrity's loiig-l¥i'i)) viability. Il)e Ti'uste¢s look Iiie diffi¢iili strlltegic decision to elosc Il)c fiill-liine scl)ool ¢leiiieii1 tif tlie providei., effective 16 Octobei. 2025. Tlii8 closiii'e i¥as iiiaiiaged iii lotal cninpl iaiicc ii'iili rcgiilulory pi'v¢¢dures. F.Inployed ieacl)ei' aiid staff I'ole% wei'c Iiiad¢ I'cdiiiidai)t Iii acr.nrdaiiLL trJ UK eiiiployinLiiI luw. Tl)L cl)urily M'orked iii close coai'diiiatioii with tl)e Departinciil fov Edii'.'alioii (DfF.), Hoiiiisloiv Coiiiicil, lacal scliools. aiid al l afY¢cted fainilies to eiisiii'e g1.- In i-e.spoi)se lo clear deiiiand diid slroiig pareiilal advoiacy wiil)ii) tli¢ local coiiiinuiiity. tlie cliai'ity )ivotcd its opLI'iiliui)al Iiiodel. Reciigiiisiiig iliat ediicatioiial sdppurl syr.1¢¢$ (siibj¢¢t to approvyl) diid Ihc adiniiiisli'atioii of tlie curi'eiil approv¥(l exainii)alioi) ceiilre I'equii'¢ a sigiiificaiitly sniallei. pi'operty foDlprii)l and Inwei. overlieads. Ilie cliarity lias niaiiildii)e(I tl)ese i'ilal provisions. 2. Po.%l-Closuir Status aiid Goviig Concei. l)roperty Irifi'astriictmre And k,ea8e Keglignment As ilie cliai'ily formalises its sli alesic traiisitioi? froii) a full-liine tI)no1 to a specialised ediicatioiial suppo11 £iiicI (lie coi)tiiiii#lioi) Js uii appi'oved ex8iniiialioi) ceiitr(.. Mr Dliilloii lias ceased llll Iciiiiiiiieriileil #xeculive t'uiictiolib but Lolltiiiiies lo serve Ilie cl)drily sli i¢tly as a .1 I'ucle¢ oli a volui)tary basis to siii)poii'l Il)is str¢ainliiied up¢i'atioiial phase aiid preserve rlidl'ildble fLiiids. rollolving tIiL closiirc of thc fiill-tiine %¢l)n(Jl clcineiit, tlic cliarity IiRS sigiiificai)tIy coi1.solidated its assels aiid its pliysical iiifi'asti'iictiirc. Tlic fonller scliool 171'rinisLq arc 110111 altei'ed to a iiiuch-rcduced OLciipaiicy i)iodel, utilised excliisively to opei'ate Ilic exaiiiiiiation ceiilre, fLilfill slalutory ad¢M1(.. I'evui'd Itlei)lioii, and piovide a5s?cialcd admiiii5tr&ilive suppoit. Tlie laiidloi'd l)as giaiiled a ti'aiisitioiiary I'ecliiced iyiilal I'at¢ aii(I Iius fvi'1114lly agired to fiilly siispeiid all ciirreiit lease oiitgoiiig5 to at Icasl £i)il lo presei've tlie cliai'ily's opcratiiii)s. 3. fToing Cijneei'n SL tatement Bd5ed 01) d reduced pliy5ical footprii)t aiid operatioiial costs, Ilie Tru51c¢5 liuv¢ a r¢asonable expectation Iliat Ilie Ll)arily114s udequate I'esoui'ces aiid fiiiaiicial sustaiiiability to coiiliiiLl¢ op¢ratioi)al existen¢e as 811 e¥aii)illdlioi) aiid suppurt Leiitre (Suhj¢¢l lo appi'ovall for Ilie fore£eeable fLlture.
Ti'iistecf Re oit2 TRUSTEES Mi. S t)hilloii Mr Klilvccr Sai)dliu (appoiiited 311512013) Miss Josepliiiic Daly (appDinted 1115120131 OBJLC'I-IVES -lic ti'ust's objectives arc.. 'ro ¢nLoiirage social dcvi".lopillpiit aiid i)I'ovide edL1C7tlO1l.%[lPp0It, examinatio1)% lo yotiiig people iii M iddlcs¢x, iii siipport of tlie Natioiial Cui'i'ieulum. 2. To pi'ovide 01- ¢7ssisI ii) IlTr¢ piovisioii of facilities for rc.crcalion ai)d oili¢i' leisLlI'e tiine OCCLipalioii wel fai'c iyitli Ili¢ i)bjeci ol iiiipi'ovi.4g tlic coiidilions of life of Ilie beiiefiLiai'ies. Asset coTrer lor fuiids TIIC %sels ot'tlie triist Ineet Ilie i.liarity's obliL)alioiis oli d f'iiiid by fuiic- basis. Rc£erves Polic The Triistec.s liave exainii)cd Ilie reqLIII'eiiient for free reserves Mihicl) are Ilios¢ iinresli'icted funds not siivcsred lil fixed asset%. 11 is Il)w policy of tlie cliai'ity to Indiiildll) fl'ee I'es¢i'v¢s at a level coiisidered adequi2te lo provide Slifficient fiiiids for appi'oximalcly t,0 Inoiiilis uiirestricted expeiiditure to cover cost of Ilie activitics for ¢l)8ritable objectives aiid iiianagoii)ciit aiid adini1118ti.ati0l1 Cl)sts. Risk Ma118 ement Tlle .1 I'iistccs have I'eviewed thc affairs of the charity and ¢oiisidei' tliat tlici'e is a reduced risk ii) business aiid op¢ralioiial risks diiriiig tli-. Irai)sitioii lo ali edLicatl01l SllPPOrt 91)d ruiiiiing of Ilie exainiiiatioii ceiilre. By coiisolidated its assr'is aiid it5 pliysi¢al infrdstl'llLture. aiid sigiiificaiitly I'educing its staff C051s. Sialeiiieiil of Iriistees, I'cs Tlie Ii'iislees requii'ed uiidei. Ilie law appli¢ublc to cliarities iii EiigTlaiid and Wales lo prepare fiiiai)cial slaleilleiits foi. eacli fii)aiicial year whiLI) giv¢ a Iriie <111d fdii. vieiv of Il)¥ 51ale of Il)e charity's fi1)ai)cial activilivs diii'iiig tlie )weai' diid of ils fiiiui)cial positioi) ai Ilie eiid ot tlie year. Iii pi'¢parii)g these accouiits., tlie trustees ai'L reqiiired to= a) SelLCt suitable accoiii)lii Ig poli¢i¢s aiid ai)i)ly Ilieiii c01I5iStei)Il)': b) Makc jtidgeiiieiits aiid e£tiinates Ilial ai'l rL'dsoiiable ai)d prudent; c) Siatc ii,h¢il)er appl i¢al)IL acciiuiitiiig staiidard5 aii(l ..lal(Irneiitts of recoinniellded practice liave been followcd. subject t() ai)y dcpartiires disclosed aiid explaiiiLd iii tlie fiiiai)cial 4tatemeiits; d) I'rcpai'e tlie fiiiaiicial stalLIMeni% oli a goiiig coiice.I'ii basiJ Lili1s Il is iiiiippiopriale t() presume that 1Sie eliarity iyill coiili',i-. -L In opeiation. -I'li¢ Ii'uslees Jre I'espoiisil)Ic for KecpiiicT ace(Jili)tiii recoi'ds ivliieli di.sclosc ivitli rcasoiiable accuracy at aiiy liiiic Ilic fiiiai)Lial positioi) of tlie cliarity .4iid wlijl..h Liiable t1711] to ci)siire tlial th¢ fii)ai)cial slatei7ieii15 coinply witl) tlie Chai-ities Act 201 l. Tiie.y arc al.go respoiisiblc foi. safcgiiarding Ihc asset
of tlie clii?I'ltv aiTrd lieiice for taki Ig l'ea11017ab1e slepb fvi. Ilie pi'evi11 lioii ai)d deleclio.,) of fi'uLI(l ai)d otliei- Ti'iis¢ees Reiiort Appi'oved TIIIS ltypoII was appiovcd by th¢ Ii'ElStCCS 01) ai)d i. sigiied oil Iheii. bel)alf by: Mr S Dliilloii (Truslcc)
(HARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent ExaMineS Report Report to the trusteesl members of Oak Heights School Ltd On accounts for the year ended 1 September 202410 31 August 2025 Charily no (if any 1121069 Set out on pages 1-45 I report to the trustees on my examination of the accounts of the above charity {"the Trust") for the year ended 3110812025. ResponsibTlities and basis of report As Ihe charity's Iruslees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Garrying out my examination, I have followed all the applicable Directions given by the Charily Commission under section 145(5)Ibl of the Act. Independent IThe charity's gross income exceeded £250,000 and l am qualified lo examiner's ststement undertake the examination by being a qualified member ofAssociation of Chartered Certified Accountants, United Kingdom. I have completed my examination. I confirm that no material matters have come lo my attention in CDnnection with the examination lolher than that disclosed below ') which gives me cause to believe that in, any material respect.. Ihe accounting records were not kept in accordance with section 130 of the Charilies Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examinalion. I have no concerns and have come across no other 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. Plgase delete the words in the brackets if Ihey do not apply. Signed: Date: Name: Ashok C. Cheriyan Relevant professional quallflcallonlsl or body (if any): FCCA IER Oct 2018
Address: Cheshams Accountants Ltd 16 Neals Corner, 2 Bath Road HoLJnslow, Middlesex, TW3 3HJ Section B Disclosure Only complete if the examiner needs lo highlight material mallers of concern (see CC32, Independent examination of charrty accounts,. directions and guidance for examiners). Glve here brief details of any items that the examiner wishes to disclose. IER Oct 2018
Oak Heights School Ltd Charil No Con) 1121069 603GOJf3 Annual accounts for the eriod Period end Period start d8te 0110912024 3110812025 Section A Statement of financial activities (including summary income and expenditure account) Restrlcted Unrestrlctèd Income funds funds Endowment funds Prior year funds Rgcommonded catggorie$ by activity Total fund$ Income (Note 3) Incomè and èndowmonts from: Donat$ and legacies Charitable 8clivilies F01 F02 F03 F04 F05 S01 S02 335,273 335.273 358 677 OlhBr trading a¢ffivilie$ Inveslm8nls S03 S04 Separate m8lerkql item of irthme S05 Olher Total Expenditure (Notes 6 Exp$ndltur• on.. Raising funds CharilaNe aclivrfies S06 10,059 345,332 10,059 345 332 10,349 369 026 S07 S08 S09 357,754 357 754 422,612 Separate material expense ilem Olhor- Governance costs S10 Sf1 4,840 362,594 4,840 362 594 5,397 428 009 Total S12 Net Incomellexpenditurel before tax for the reportlng perlod Ta¥ payable Net incomellexpenditurel after tax before investment gainslllosses) Nel gain811108se$l on investments S13 17,262 17,262 58,983 S14 S15 17.262 17,262 58,983 S16 Net Incomel(expenditure Extraordlnary items Transfers between funds Other recognised gainsl(lossesl: S17 17.262 17,262 58,983 S15 819 Gains 8rKJ losg&s on revalualion of fixed assets for the charfvs use Olh8r gainslllossesl Net movement in funds S20 S21 S22 17,262 58,983 Reconciliation of funds.. Total fundB broughl foNJ8rd Total funds carrled fonvard S23 107,151 89,889 107,151 89,889 166,134 107,151 S24
Oak Helghts School Ltd Ghorliy N 1121069 Section B Balance sheet Rè6trl¢tod In¢omo Unrè8tilctsd Endowmgnt Totol th1$ lunds year Total last yvar Fixed assets Intsnuible a$$ets Tangible a$$ets H8rltsge assets Invo8tm8nts F01 1.750 1.693 F02 F03 F04 1,750 1,693 F05 3,50D 2,257 INote 1S> INote 141 (Note 101 (Notg 171 Tofal fixed a$$ots 5,757 Current assets Stock5 Debtors Invgsfmènts (Note 181 INots 191 (Nots 17.41 76,7 76,067 116.816 Cash at bank and In hand (Not• 241 Totsl ¢urf•n¢ aw91$ 127,682 ,74 127,682 120,152 236,968 B10 Crdltors'. amounts falling due within one y?ar {Nots 201 78,852 78,852 78,880 Netcurrent8ssets/(118blll¢lesJ e12 97 4,897 158,108 rgt418ssets less currentllèbllltlgs 163.865 Creditors.. amounts lalllng due after one year (Note 20} Provlslons for Ilablll¢io8 814 18.263 Tolal ngt•ssets orllabllltles Funds of the Charity Endowmenlfunds (Note 271 Restricted incom8 funds INot• 271 Unr88tricted fund8 b16 128.340 128.340 145,602 B18 B19 128,YO 128,340 145,602 Revaluation re59rvg Falr valuo reserve Tolalfunds B27 145,802 eompanywas enU¢led to oxernptlon from audlt unders477 of fhe Companlos Act 2006 relatlng t05mall compani85. The rnomb8r5 hayo notrequlredfb• Gompany to obtaln an audll In accordance wlth Soctlon 4rts of the Compaftle5 Acl 2006. Tho dlreclors acknowl¢dg& thelrresponslblll¢l•s lor¢omptylng wlth the requlrernents of the ComnIeS A¢( wllh respect to accounting records andthe prOltiOn of a¢¢ount$. These accounls have beenpreparedln a¢Gordan¢g wlth theprovlslons appllcablo io sm8llcompanle5 subJ8cI to the srnallcompanie$ re9im ondin gtcord8nce wlth FRS102 SORP. gned by Dn8 or iwo lwsleesldirecl0 on behalf ol all Ihe IrLBIetsldSrIorS Dale of approval ddlmml Print Name Dale ddlfflml gnalure of director aulhenllcallry accounts beln9 sent lo Companies HouBtr Slgnature y<k¥Kf %- Prlnt name CC17a (Exce41
Section C Notes to the accounts Note 1 Basis of proparation Thls section should be completed by all charities. 1.1 Basis of accounting These accoun15 have been prepared undoi the historical cost convention with items recognised at Cost or transaction value unless otherwise s181ed in Ihe ielevant notelsl to these accounts. The accounts have been prePad in accordance with.. the Statement ol Recommended Practice.. Accounting and Reporting by Charities preparing their accoullt5 in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 issued oll 16 July 2014 and with. and with. the Financial Reporting Slandaid 8pplicable in the United Kingdom and Republi¢ ol 1reland IFRS 1021 and with the Chaiili8s Act 2011. The ¢h8rity constitutes a public benefit entity as defined by FRS 102. -Tidt as appropriate 1.2 Going concern If there arg material uncertaintiès rélatodto events or ¢ondl¢lons that castslgnllleant doubt on the charltys ablllty to continuè as a golng concern, plèasèprovlde the followlng detalls orstate 'Not appllcable" M approprlate.. An explanation as lo those factors that support the conclus50n that the charity is a going concern., Disclosure of any uncertainties that tnake the going conr assumption doubtful., Where acwunts are not prepared on 8 going conrn basis. please disclose this lact together wth the basis on which the trustees prepared the 8CCOUnts and the reason why the charity is nol rpgarded as a goino concein 1.3 Change of accountlng pollcy The accounts present a true and fail view and no changes have begn rnade to the accounting policies adopted in note { }. Yes. -Tk as appropriate Pl8ase dlsclos¢.' {lJ the nature of thè change In accountlng poll¢y.' (11) ¢h¢ reasorts why applying the new accountlng policy provldes more reliable and more relevant inlormation.- and CC17a IExr*ll
{IllJ the amount of thg adJustm•nt for 8ach Ilne affected In the current perlod, each prlorperlodpresenterl aijd the aggregate amount of the adjustment relating to perlods before those presented, 3.44 FRS102 SORP. 1.4 Changes to accountlng estlmates No changes to accounling eslimales have occurred in the reporting period13.46 FRS102 SORPI. Yes" No" THERE WERE NO CHANGES -Tick as appropriate Plèase di8elgse.' (IJ the nature of any change$,' (li) the èffèctof th• changg on Incom• and •xpens• or assets and Ilablllties for the cUrtPer1o,. and (Illj where practlcablg, tho •ffoct of the chang• In one or more ffutLtre periods. 1.S Materlal prlor year errors No material prior ar error have been idents'fied in Ihe re Yes. orting period13.47 FRS102 SORP . No. -Ti¢k as appropfi8tg THERE WERE NO ERRORS Please disclose.. (i) Ihe nature of thepriorperiod ermr,. fli) lor each prlorp•rlodpr•s•nlodln the accounts, thg amount ol the Correction foreach account lffne item aff8Ctgd.. and (111) the amount of the correctlon at the beglnnlng of the èèrlièstpriorp•rlodpresented In th• accounts. CC178 (Exttll
Section C Notos to the accounts l¢ontl Not¢ 2 Accounting policies Thlssrandar(Illstoff accouniing pollele5 hps been èpplledby Ihe ¢harliy excepihl rhoso Wherfj oradthllonalpolley ljas been 8dopl•d lfren th15 15 detallediR Ihobox below. 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provtde B lescrlptlo ol Ihg nature of 9o¢h ¢hang In )¢couThtlTrg poll¢y Rg¢onelMloNJ (Trllundsperprevlotkq GAAPIO fund$ deteJTnliMd undw FRS 70Z Start of End ol p¥rlod pU0d Fund b8lanee5 as prvviously AdJuslmEntS.' Fund balaTrce as roglated Reconclllalion Ofnel in¢tymel(nel expendittirl pwprevlous GAApionelln¢dmellnel expBnwwreJ und•rFRS 102 ETrd Of Net IncL¥melltxpendlturel 89 provlo¥sly slated IusirJ)•nls.' PToYloug perfod fi•t Incornellexpendiiur•l as reetslèd CC17a ietta
Sectioii C Notes to the accounts Iconti Not8 2 Accounting pollcl85 2.2 INCOME Rèroqnlllon of Iiicom These a Cluded ID lh& Slslwnent olFinancial Actmiies ISOFAI vln." chafily b8comès èniillgd io Ilie iesouices. Il rs mie lthety Ih8n Ihal the ITuslee5wIII ieceThE lh8 resouice$', efflonetaryvaluecan be mèsled th suent reabl1y. Nla. Yes. Olfsgtllng The ha5 bOÈD offselllry ol asyets liabihlies. tyirtom$ expenses, unless iequlred 01 tlIte by the FRS 102 SORP or FRS 102. No. Wa. Grants and don3bon$are lYinCILd In the SOFA v4h¥n thè wneral Income recwiiiD cnleria are mell5.1010 5 12 FRSIQ2 SORPI. Yes. No. Nl$' Grants and donallons ID the¢ase ol performancerekied gtanls, irwmé musionlybe recognr&ed lo IenI that the hag pro£d Ihe specifiedgoodsty ssTviEèSgS en1ment lo ihe gianl onlyoccuiswhen lh8 perf0rrn8nce cdItIOnS arg mÉi15 16 FRS 102 SORPI. Yes. No. Nla. LgJaclBS are Includ8d In SOFA when ceip1 is probab, thai Is, when Ihere has be8Tr grantol probale. the pxe¢Jis have esiabllshed IhallheF&aie sui[len1 assels In Ihe esiaie and any condiliorbs attathed to Ihe legatrl are eilherwilhin lh8 control olthe 8rtyorhave been tnet. Yes. No. Nla. Yes. No. Governrnent Brants The charityha5 [eced gweinment granl$in repoTbng ptrrityj GIftA recvae 18 incltNJed In In¢omtrwhen there k3 d valid decbfvbon ftom Ihe donor. Any GiAAid anN>untr8vered on ¥ (&)naiion IS corsideO io bB partthat glft and is treat as an addition lothpsame tund as the Iniual donation unless Iheionoi or I Iwrnscl Ihe apFeal have Spefied Oih8rw Tax reclaim8 on dollalions amd glfts Yes. ND. Nla. Conira¢lu•l In¢omB Trus Isonly Ied In ihe SOFA on¢¢ Ihe ¢harilY has prOVe th¢ 11$1 or90r ptrtormanc• related SeN80re1le wfixTnance reL9ted ffthityor grants Yes. Nts" Yes- No. Nla. DomalÉd goDd5 Donated uty)ds are measur8d alfgirvaue Ilheamount loi a55etCouj bè exchanged) wl8$$ Impia¢iic¥l10 doso. The ¢051 rfany slock olg0c5 donat ltydislribuiion k> b8nefi(xaritrs l$deernerJ k) b8 the lalrvalue ollhosegifts al ihe bmtrol Ihelrreceipl and they are recognl$ed ort reipl. In the iewting period In whth the 5tock$ 8rtdisiribuled. Ihey are re(91$ a$ an expenso at thet)rrn9 amDunl olthe siocks aldi$tributi¢n Yes. No. Nla. DWOied gwds lorresale are Tneasui80 ¥1 lf value on Initial iecogniiion, which is ihe ¢xpe¢ied proceeds Ilom Sale lesslhe e¥pe¢ied eoais olsale, and ieGognised in'ln¢vrYE frtffiother iilng aciiv1ls'Wi thecoiiesporfing $iock reco9nised in Ihe bal3nc8 shgpt On its ihe vJue o151wk Ischaiged ag8in81'lncome fiom olherlrading acbwii&s'3nd woc£8ds lin sale aiealso ie¢ognisèd as.1rme Iiom olheF ifaclit YÈS. No. Wa. Gwds thnaled loron-golng use bylhe ¢hartly ale ieciyJnised as tangillo fixéd assets induded In the SOFA as incoming res¢urceswh8n receivable. Yes. Nla" Gift3 klnd for use by1chtyre Inded In Ihe SoFAa5 inuxnpfromd(wtiMs eTr revable. Yes, No. Nla. Donate41 serylces and OMaled seeS larAlit$ ale included in Ihe SOFAwhen receiv aiihe c tho glftlo the chanly prowded ihevalue ol Ihegift can tye rneasuied ieliabty. Yes" Donaled selvaTrd facili1 Ihalaie wsumed wnmedi&tety¥re ie¢ognised as Incorng ¥Wlh an equivalent oi11 TicMIsed as an expense der Ihé appioFrfi8te headlng In the SOFA. Yes. No. Nl8' Nl8' Supporteoslg Th&charity has Invjiied expendllUM on suprthc051s. Yes. No. Nla. volnter hglp Th¥value olany vcluntaty tlP not Ined In the J115 de4cdbÈd IrJs*es' annual report. 1cOme Irom Interest, This Is Ined kn th8 2CCQUntS41en ferelgl 1$ rrfobab1è2 the anN>unl [ecVab ¢4n Yes. o. Nla. CC17 FRS 102 SORP
royallles and divldgnd measured r]blY from mèmber9hlp MÈMberShipsubscThk)ns retejved in the nalureol a giftarerecognistrd in natIOnS sub5trfplions and Ley8cle3. No. Mla. M&mbership subscrfplion9 whth gN&98 memberlhÈ tvJhllO buyts¢rvth$orother benefrt$ are recognised as Income eg1[0 from ihe WO$10 olg0J5 and sefvkes as Irw)yne ¢h¥n4ible a¢iiviis. Yes. No" Nl8' Settlement ol Insurance laltns InBurae claim53re only in the SOFA Ihe oenwal Income reCrynOn Clileria are nEt15 10 105.12 FRS102 SORPI and are lrtlud8d 8$ 8n olother Ime in SOFA Ye5, Nla. InvestMt gains and Thls Include5 any reised urealisd gakns ¢1 kngsèson thè sale olinvestrnents and 8tygaln oi h)ss resulllng trom iev?luhg invèsim8ni$ ID ka1 valua ai the end of Ihe Yes, Nla. 2.3 EXPENDITURE AND LIABILITIES Liabille8 are recognl$ed wheréll more IM8ly Ihon lIhat Ih8ra 15 3 legal or ix)nslTrKlive obligatson cottmlttlng thè Chaity to pay ouire$our¢g$ 8nd theamot 01th8 oblioalioncan b& measured with leasabl@certaty. Y8S' Llabllity iecognlllo GoY•rn8n¢è and support sUpdeoS13 have been alhxaied beleen govettHnce co8lB8ndothersuprort costs tso¥otnaThceco¥istompn$e 811 Involwng wblic8ccountability of e charityand11$ cw11afj with le91th ¥nd good pia¢ti¢e. SuppDrtcr>Sts include cenlral lunc11S have bngllocaiÉd 108ctiviw cosl cate9orieson a ba5 conSlen111h the use olresoui¢ès, lg 8llotalin9 woperty costs tylhy)rarea3, or cawta, sLaTlcosls bythe tsme spent and olhw toaig by their LW9e. No. Nla. Yes. No, Nla. Grants vAth pèrtormanto th¢hantygiVèg8 orgnt 1h ConllS toriis payment a spe(Xf levelof cond1vo& sthce ouWul tobe wovthd, $u¢hgrnnig ale only recogniyed in Ihe SOFA orKe the iecipRnt ollhe gi3nl ha5 prowded the prd servleeor oulpul. Yes. No, Nla. Grants wayablg wlthoui Vvheie ihere ale no condiliDnS attaching to ifve nI that thedonor charity io psrftsm)am¢o ¢ondlUonA reali4llcally avoid ihecommilmenl. a liability lor Ihofull lunding oYVJÈDn musl be reco9$. Yes. No. Nla. Yes. Nla. Iqedundancycost The ¢harity made no redurKlaney p8yrnentsduiq th& repD podod. No" Nla. Oeterred Income No m8terlal Item oldererr Incw)3h35 been InBluded In the aceourts. Yes. Nla" CrÈdllo Thecharity ha5CTedltors¥thK are measuFed al $eiutmwiamwni$ less arylrale dlycounts No. A liability Is measured on re¢ognillM Its hisiorl¢al cDsl8nd Ihen subsequent IasUred Sl ihtr besitsbmab olltr amounl required io selue 90b11allon al U rewtting date ThecharityacGwnls ts ba3financi91 in$lfumeni8on inillal recogntyon as per paiagiaph 10.7 FRS102 SORP. Subsequeniwwwenli$ $$ p¥ pai89T8phs 11.17 to 11.19, FRS102 SORP. Yes. No. Nla" ProvbBbDThyfDr IlabllSlles Yes. No. Nla. In$trumgnts 2.4 ASSETS T•nglblè Ilx•d BssèlB for Thèsè are capllaliyed illhey ean be used forrrnielhanone yeai. andU$I alki ule by charlty Yes. No. Nla. Thtyarèvalued al co$1. ThedepreeIloll Idles and rnetmds UBed are 1¢$&¥j in 14. Thp¢hailty has inlgngiue fixed asset5. Ihal 18. non-rnonelaryasset8 that do not have 81¢al$ub¥ytrtyut ale entl[lable ar aieconlrolled by Ihe charity1hro custody lepal The amortl8?tn r$ies8j nlhcMls used 8redi5ck>3ed in 15. Intsnglble flxed assets Yes. Nla. Yes. No. Nla. ThEyare valued alcosl. The ¢h8rily has hentsge8sgel* thaiis. non-monelaryasse15 with his1¢, atUsti¢, scI8niifi¢, le¢hnObJJ. geoFtygl¢BI orenvkoTKnenlalqudlbes thalaie h8ld 3n ma1n1aln pri14 theIrn1tion to knowl9£ and culiurt. Th¢ daw8¢latlon i$iss and msthcds used as dL4cbsed In Mie IS. Ye5. No. Nla. Horltag• Yes- Nla. TheYa valued al¢ost. Fixed os$el inVe$henI$ in ouoied shAres, Iraded bo$ and &tnilar 1ThstMets are valu8d al initially31 rosl 8ndsubseqwYyal 18lrvAlue Ilheir markelvalvel al Ihtyear end. The same Iieatrnenl i¥ ap[1 to vnli$teO lnve$innIS unless fair yU c8nnolL rneaBured reliablyin whKh tsse il is mtr¥$ured ai¢o$i less IMPameNt. Invo6lfflBlIts Yes. Mo. Nla. Investmènts he for r&Saar Pe1 theslend cash a1 cash 4uivalenlsWth Ye5. No. Nla. CC17 FRS 102 SORP
maluntydate of l¢ss 1 yearafe Irealed as CUTrenl asyel Inveyim¢nt8 Slotka work In pro9re58 s]ks helo for Sale as part olnon-charitab1I#dQ?re measured allhe bweior wslor nei r¢ali$abig value. Yes. No. Cthd5 or3en5 piowded a5 pan of¥ ¢haitlable li¥ity art mpa5wed al nel lea11sae ¥ae based on the SerVe poienii81 [wV8d by itetTrS DI stock. Yes. No. Nla. Work in pio9ress13v8Iv8datCO$l16$$any lorese8ae 55 thatis Ilky OCrn thg Iracl Yes, Nls. Deb1015 lindud1 liade deblprs and loans receivaNe} ale measured on Iniii recognilion 81 seiiiemeni 4mDunl afterarylrade di5coun15 orarnoLpnl advancéd by lh$ chall Subsequent. Iheyare tneasuFed althe cash or other Cond81)n &¥p¢¢i6o 10 be received Dèblor Yes. Nl¥' The charity has invèstmènis Ilhold5 for re3ale0rpendlr I1 sale #nd Cash equivalent$hllh a Tnaluiilydale less Ihan oneyear These IndudBc8sh on dewsil and eath eguivalen13 with a maluTityclknss Ihan(mttyeai held foi in?¥n81 purpDse& 18lhei ihan lo meet sthti-leTm cash commiimenis IhBy lall duB. Yes. No" Nl8' Currenlassel Inv•slm4ni$ Yes. No. Nlh. Theyarev81ued alfJi vahJ¥ exceptwhpre Iheyquality as basicrardal knstrumenls. POLICIES ADOPTED ADDITIONAL TO OR OIFFERENT FROM THOSE ABOVE CC17 FRS IQ2 SORP
Note 3 Incom9 R•strlctsd Uni•stilciqd funds EndownwDI lundB An4tysis of Incom8 iot41 fundi Pdoryo4t Donatlon5 and 98¢108. Donations arKI ifts Gift Aid Le aci88 General grants prOded by governmenvolher harilies Membership subscriptions and sponsorships which Ore in substance donalion8 Donaled Olher oods, facilillès and seNic88 Total Charltablg actlvltl88.' School lees 335 273 335 273 358677 Total 335.273 358.877 Olher tradlng activltl&s'. Exlem81 exams Books unlloims and lunches 456 (Xher Total 10,059 Incorne Iro Investmènts: Inter881 Incoffle Owidend Incorne RenlaS and leasin Olher incorne Total Sopar819 matèilal ltsm of In¢orn¢ Total othor.. Converslon of Èndowment fd$ into Incorne Galn on di5poÈal of a tanble fixed a5sel hetd for cha $ own use Gain on di5P05al of a progr8mn related InvesltneDI Royallies frorn the explo1181ion of intelleclu81 h15 Other Total roTAL INCOME 345 332 369 028 Olh•rinformatlon'. All Income In th? pOrarw¥S unr•4trlctsd èXC•Pt for.. Iplo88a provkle dejcrfpllon Ylh•r8 anyenthjwnent Is convorted Into Incomp Intl roportlng perfrrtli plèas0glvèthe reaBon lorlhp ¢onv•r81on. withln the Income Itoms abovoth• lollowlng Itqms aro marlal'. (please dlBcIoll9 the naturo. 8Triount and any prlorygar amountsl Wherg Sums orlglnally dfrnomfjnaled In lorèlgn currèncy hav& bBgn In¢lu(tod In Incomg. oxplaln tho ba818 on whlch those sum¥ havè bfrBlltran8lat9d Iiiio $tgrtlng lorthocuffenGy In whl¢h the accountsaTe drawn upl. CC178 (EX1)
Section C Notes to the accounts (conti Note 4 Analysis of recelpts of governrnent grants Thls year Last year Descripllon Govtrrnmgnt grant 1 Government grant 2 Gov¥rnm8nt grant 3 other Total Please provide details of any unfulfilled condltlons and other contingencles attaching to granls that have been recognised in income. Please glve delails of other forms of govèrnment as51Stan¢e Irom which the oharily has dlre¢tly benefited. CC17è (Excdl
Section C Notes to the accounts (contl Note 5 Llonated goods, facilities and services Thls year Last year Seconded staff Use ol propgrty Other Please provido details of the accounting policy for the recognStion and valuatSon of donated goods, facllitles and servl¢es. Please provlde detalls of any unfulfllled condltions and other contlngeneles attschlng to résources from donated goods and services not recognl$ed In Income. Ploase givo d•tails of other forms of other donated goods and servic05 not re¢ognls&d in thg a¢counts, 99 contrlbulion of unpald volunteers. CC17a (EX1>
Secuon C Notes to the account8 Iconti Note 6 Expendlture Rpslrf¢tEd income IndS lJnrestil¢tfd lunds EndowMon¢ lundy Analy51$ of oxpendilure Tol41 lund9 Prforygar Expondituro on raTrsing funds.. Incurred seeking donalion5 Incurred Éeeking legaGies Incurred seeking gfan15 Opèr81ing tnembership Schemes and Social lolteries staging fundra15ing ev8nl8 Fund0i8ing agen15 Operating Charity shops Opewaling a trading company undertaking non-charitable trading Adverti$in9, matheling, direct mail and Start up costs incurred in generating new sourGe of future incomo Dalab2s8 development costs Other trading aclivilie5 Investmènt managernenl ¢osts'. Portfolio mana ernenl costs Cosl of obtaining inveslrnent advice Investrnenl administratn costs Inielle¢tual pioperty IKenciro costs Rent GoI¢t10n. properly repairs and maintenance charges Tolal expenditure on raising lundg Expendlture on ¢harltable activities ch811tab expenditure Isee ngie gi Chatllable exp8ndilure Trlp5 (see nola 91 361.786 422,612 Total 6xpenditu on charitsble actbVltle$ 361.786 422612 Separate matgrlal Itgm of exponse Total OthÈr Governan costs (see nole 91 4.840 4.840 Totsl other exp9ndlture 4,840 4,840 5,397 TOTAL EXPENDITURE 3fj6,626 366.626 428,9 CC17a (Excel)
Other InformatÉon'. An&ly¥i5 of exp8ndlture on charltablg actlvltle8 Grant funding of Acllvity or programmo Activltlos untl¢rtaken dlr8¢tly Support Costs Total thls yè81 Tol•l prlorye4r Aolivity 1 Aclivil 2 Olhei Totjl Prlor yaar oxpBfidlturp on charltabl? 8¢tlvltles can bo analy•td as lollows.. Withln the expèndlture item8 above th followlng Itom8 ar• material.. Iplea¥e disclose the naturo, amount and any prloryear amount81 Where 6um8 origlnally donomlnatgd In forelgn currency havo been intlud8d Oxpgndlturg, explaln the basis tsn whlch those 8um$ havè b8frn traDBlatqd Into stfyrllng lor thg currency In whlch Ihe accounts ar6 drawn upl. CC17a (Excell
Section C Notes to the accounts Icontl Note 7 Extraordinary items Ple8se explain the nature of each extraordinary item oCCu1ng in the perlod. ThSs year Last ygar Descripllon Extraortllnary Item 1 Exlraordinary item 2 Extraordlnary Item 3 Extraordlnary Item 4 Total extraordlnary items CC178 (Excell
Section C Notes to the accounts Note 8 Funds recelved as agent 8.1 Please complete Ihis nofe if the charity has agreed to admlnlster Ihe fund$ of anolher entily as its agen¢. Nofe.- If a ¢harlly is acting as an agent, it shouldnot recognise Ihe Incomè In the Slètem&nt of Finan¢lal AGtivities or the 84lan¢e Sheet. Amount received Amount paid out Balance held at perlod end Descriptionlname of party Related party (Yes orNo This year Last year Thls year Last y•ar This yèar Last year Total 8.2 Where ? consortia orsimilar arrangement exlsts whèr8by 2 ormorè charitff•s CO.OP8rate lo achigve economies in the purch85e of goods or seThicesi pleas• dlsclosè dètails olany balances outstanding betwèen anyparticipating members. 0è8crlptlonlnam• ot paty Balance held at period end Thls year Last year Total CC17a (Excell
Section C Notes to the accounts Note 9 Support Costs Please complete thls note if the ch8ri¢y has analysed its expenses using 8Ctivily categories and has support costs. Activity Restrlcted Fund$ Charitable Activity Unrèstrlct•d Governanee Actlylty Basls of allocatlon es¢ method) Ra151ng funds Grand tot81 Support cost èxam l•$ Salaries & NIC 152,396 152,396 Staff pension Eerfs 1,826 1,826 Education supplies 105,722 105.722 Exam costs Soare costs 262 Ofsled fees 1.680 1,680 Rent 52,800 52,800 Service charges 4,718 4,7f8 Rates & water 10,265 10,265 Light & heal 5,375 5,375 Insurance 5,135 5,135 Clganing 3,881 3,881 Telephone & Internet 5,118 5,118 Marketing & Advertising 468 468 Repaits & renewals 1,412 1,412 Cultural activities & trips Misc expenses 34 34 Subscriptions 3.221 3,221 Depreciation 564 584 Goodwill amortisalion 1,750 Profes8ionaS fees 1,920 1,920 Ac¢ounlancy 1,200 1,200 Payroll bureau costs 1.720 1,720 Bank charges 712 712 Loan inlefesl 415 415 Bad Debt Totsl 357,754 4,840 362,594 CC178 lEell
Please provlde details of the accounting pollcy adopted for the apportionment of Costs belween actlvltles and any estimallon tochnlques us8d to calculate thelrapportlonmont. CC178 (Excell
Section C Notes to the accounts Note 10 Detall$ of ¢ertain types of expenditure Noio 10.1 Fees for examination of tho a¢¢ounts Please provide details of the amount paid for any statulory external scrutiny of accounts 8nd other sérvlcès provided by your independent examiner. Ifnothing was paid ploase gnt8r'O'in the approprl8te box(es). Thls year Last year Independent examlner's fees 1.920 Assuranc& services othèr than indèpèndènt •xamlnatlon Tax advlsory fe8s Other fees Ifor examplg: finanGio1 advice, consultancy, accountancy 59rvice51 paid lo Ihg Indep&nd&nt examlnor 1.200 1,200 CC17a (Exeell
Sgctlon C Notsg to lh• accounts Note 11 Pald emptoyees SYeJs• wfftpbfo rh15 Mlhe Ch4rftyh y0mploye0sBlSoGt1orj$11h Tru$Q•e8rleall wKh th No 281 11.1 SAff Cogts Th15 y•ar Lity•ar 5alBrl86 and w•g¥s Ernployefs Nalon81 lThsuratsGocos1 Ponslop c¢)3ts Id•nTrurf Gonirlbuilom wnshx plnnl Otheromployoo bènèflig 7,107 I,B26 10.284 2.860 Totsistsll¢oBts 153,254 196.08d Pleaje piovhledg1olLsof •XVÈndtt1fft0 stAff worklng loith• ch4rlty whose Gonlrocts growithand ar• p41d by4 r¢l•tqd pvrty Ple•8eqlvgdgl•tsofth•mb•r0l0Ye¥SwhO50Iol0MpIDYq0bVn1ltsf&¢lUd10¢fflpAO pnsfoD ¢osts)tsm1fv1n•4Cts bandof£YO,000 from£eo,oosupward8. Iffhernarnnosuch t5ClI0$. ploB$• entsrtrme'ln Ihoxprovl41od. No•mplDyqS rècefv•d grnploy•g bgngfrts IwM¢ludlw4mploy•r pqhsioh ¢OstslfoTth rgportkng pBriud ofmtyTS thkts£60,QOQ Band E60 OOOto£69,999 È70,DOOto£Yg 999 Bo,DootoE89,099 £gOllOOto£99.99• £100 000 ttsE109.999 NwMb$i of•m ML NIL NIL Pleqi• provW•th•tOtsl Arnounpakltr kBy ttwna8•m#nt pgtsonnel Ilncludg tIthXi•&8 And s•nlotmanaggm@ntlfor th•lr8gNIGwstolho charmy. For sp•clnc 4mounts pald to trust$88 Nolo2a. Tdal wdwa8t12,5rN) 11.2 Av$r¥g couTrtln theyo4r Th• PAMAofthè¢haity IDvthIEfv lh• •rnpW••swork Thl#y•Ar Numts$r L•5tyoar Nurnbgr Toial io 1D 11.3 EX¥0 paym#r th•rnployg95 (Bxcludlng tNBts•il Plo4s•¢vmplg1• If oxr&riapaymenllsfflarfq. P1141o•xpF41n the aatuwg otth paym•nt Ple4sestaifr(h•lBgal4uthortty reiBon lorrnakinythe pAymgnt Please81olwthwamuuntofthe paymvnt lorvJlufrolanywBlverof a rlghlto IIA RlldneY poym•Trts Totsl arnoutof paympnl Thtrnathr•ofthg pAymontl¢•$th.•#t Theex¢O1O1 r•OundÈncy lundlng 4t th• tsil•nc•gÈetdBte P4$¢ gtatsthB atcountlnq poll¢yfor any r9dnd*tY0rl#rn74natlOn p¥ym•Thts CCITalEKt41
Section C Notes to the accounts {cont Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme. 12.1 Please complete this note if a defined contribution pension scheme is operated. Amount of contributions recognised in thg SOFA as an expense 2025.. £1,826 12024.. £2,680) Please èxplaln the basls for allocating th8 liability and expènse of dÈfin&d contribution pensSon scheme bètween actlvltlgs and b¢twgen restricted and unr8strietèd funds, All staff Costs classlfied as unrestrlct&d charltablo activites. 12.2 Please complete this section where the charityparticipatgs in a defined benefitpension pl•ft but Is unable to ascertain its share of the underlying assets and liabililies. Please confirm that although the scheme Is accounted for as a defined contribution plan, it is a defined benefFt plan. Please provldo such Infomiatlon as Is avallable about the plan's surplus or deficit and the irnplications, if any. for the reporting charity 12.3 Please complete this section where the charfly particlpates in a multi-employer deflned beneflt penslon plan Ihat Is a¢¢ounted for as a deflned contrlbution plan. Describe the axtont to which the charity can be liable to the plan for other 8ntities' obligations under the terms and conditions of the multi-employer plan Explaln how any liability arising from an agragmant wlth a multl-employer plan to fund a dgfi¢it has begn determined. CC17a IExcell
Section C Notes to the accounts Icontl Notè 13 Grantmaking Pl¢ase complet• fhls note ifthe eharlty made any grants Qr donatlons whlch In aggrat6 lorm a matèrlalpart of Ihg Charltable activilie5 undertaken. 13.1 Analyslj of grants pald (included In cost of charltable activillès Grants to Grants to institutlons Indlvlduals AnalyBiB Support costs Total Nola Total Please enter"Nll" Irth• charfty does not Iden¢ify and/orallocate support costs. 13.2 Grants made to Instltutions My charity has made grèrtts to particularinstitutlon5 that are materlal In Ihe contextof Its grantmaking. Detalls of the Instltution support8d, purposè orthe grant and total pald to each In5tltutlon Is avallable on ¢hè charity's web slts. Please pmvid8 details of charity URL, Provide d•talls bélow Yès No Purpose Total amount of rants pald £ Names of Institutlon Total grants io Instltutlons in reporting p•tlod Olher unanalysed grants TofAL GRANTS PAID CC17a IExc&ll
Section C Notes to the accounts (cont Note 14 Tangible fixed assets Please complete this note If the charity has any tangible fixed assets 14.1 Cost or valuation Freghold land & buildings Other land & buildings Plant. machlnery and motor vehicles Flxtures. fittings and equipment Total At Ihe beginning of the year Additions 34,454 34,454 Revaluations Disposals Transfers ' At end of the year 34,454 34,454 14.2 Depreciation and impaimients SLorRB Basis SLorRB SLorRB RB SLorRB straight Line I'SL") or Reducing Balance ** Rate 250/9 Al beginning of the year Disposals 32,197 32,197 Depreciation 564 564 Impairment Transfers. At end of the year 32,761 32,761 14.3 Net book value Net book value at the beginning of the year Nel book value at the end of the year 2,257 2,257 1,693 1,693 CC17a (Excell
14.4 Impairment Please provide a descriptlon of the events and circumstances that led to the recognition or reversal of an impairment loss. 14.5 Revaluation If an accounting policy of revaluation is adopted, lease the effective date of the revaluation rovide,. the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carrled under the cost model. 14.6 Other dlsclosures (i) Please state the amount of borrowing costs. if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (li) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (lil) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security ft>r liabilities. The 'Yransfers' row is for movements between fixed assel categories. Please indicate the method of depreciation by deleting Ihe method not CC17a (Excell
Section C Notes to the ae¢ount$ Nole 15 Intangible assets Plea50 complete thls not• If the Gh8rtly has any In¢8n9ible assets 15.1 Cost or valuatlon Purchased Goodw411 Total Al beginning ol the year Additions 35,000 35,CM)O Disposals Revaluations Transfers. At end of th¢ year 35,000 35,000 15.2 Afflortlsatlon and impalrments 'Methofl of amortl8atlon SL SLorRB SLorRB SLorRB Straight Line I'SL") or Redu¢ing Balance RB, Ratg £1,750 p a. Al beginning ol the year Disposals 31,500 31,500 Arnortssation 1,750 1,750 Impaimienl Tiansfèrs. At erld of year 33,250 33,250 15.3 Net book value Nal book value al the beginning of the year Net book value at the end of the yeai 3.50Q 1,750 1,750 15.4 Accountlng poll¢y Please dlsclosg Ihe accounting pollcy lorintanglble flxed assets Includlng.. Rèasons for chooslng Goodwlll ha$ been amortls•d for a linlt• Ilfe of 20 years amortlsatlon rates commencing December 2006. Policies for ihe recognldon of any c•pltal developm8nt 15.5 Impalrment Pleasé provlde a de$crfptlon of the eY¢ni$ and clrcumstances that led to the rècognrtlon or reversal of an Impatirment loss. CC17a (Excell
15.6 Revaluatlon If an accouRtlng pollcy of revaluation Is adoptèd, please pmvlde.. the •ffeclive dat• of the rèvaluatlon thè nam• ollndopend•nt valuer, If applicpbl• the mothods applled the carrylng amount that would havo been reeognised had the a$$èts be•n Carried under the cost model. 15.7 Other dlsclosures (l) If your intanglble a5Sét was acqulred by w&y of grant. provide value on inltlal recognltlon and carrylng 8mount of th• asset. (li) Details of th8 carrying amounts of any Antanglblo assgts to whlch the charlly has restricted Il¢le or that are plodged sècurltyfor Ilablllfles. flll) Pleasg provffd• the amount ol contractual commltments lor thè acquisition of Intanglbl• assets. (iv) State tho amount olresearch and development expendItU recounlsed as expendlture in the year. (v) Please detall thg hgadlngs In the SOFA in whiGh a charge foramortlsation ollntanglble assets Is included. (vl) Forany materlal intangiblè assets. pl•as• provlde a descrlption, Its carrying amount and any remalning amortlsatlon perlod. The Yr8nsfers" row is formov8ments betw8en lixed ass8t calegort85. "Please indicate th8 method of dfjpreciation by deleling the methodnol applicabl6 (SL sliaighl Ilne,. RB = reducing bÈlance). Also please indicate the rale of depreGi81ion' for straight line, what is Ihg 8nlicipal6d life of the 2ssel lin y8ats),' lor reducing balanc&, what 18 Ihe pgrcenlag8 annual CCI78 IEx¢ell
SgGtion C Note5 to a¢couni¥ (cont) Note16 Herltage ass815 Please Gompl¢i# Ihls notfrllthe chaffltyhas herllaog ¥$$els 16.1 Gèneral dlsclo5urg$ lor all chailllès holding heritage assets 111 Explaln tho naiuie sc&le ol herllag9 a5Sgts h81d. acqu15Itlon. pre&etyÈtlon, management dl8pos&1 ol herllago 16.2 C(Trst or valu•llon H•rlt•g••sset ag$t HBrftagP X5•t Total Ai beginning ol the year Additi$ DK4plS RevalualK)nS Al Ènd of year 16.3 Depreciation and Impalmients SLOIRB SlorRB SLoFR8 SLorRB SLorR8 sirwghl Ling I'SL") or Reducinc Bance Rate Al beoinniro ol Iheyear Disposals DewecialK Imp8irmenl Tra[re[s. Al end of year 18.4 Net book v4lv Nal bDDk valu& al Ihe beginning ollh8 year Net bwk value al tend of the y88r 16.S Imp&lrment Plea5ppmvld8 a d•serlpllon of lfve eveNJls aFJdcii¢um$lanees tho1 led la th£ recognltloh orioversalof an Impalimentlos5. 16.6 Rovaluauon 110fj 8¢¢ounllnypollcy oli•¥¥lu8iion Is •dopléd, pleaseproylde.. the eflecllve d&te ollherevaluation Ihonam9 Qllndvpomdenl valuw. Ilappllcable qu8llfl¢&Uons oflRdependent y811 the methods andslgnlflc&nt85sumptions anyslgnlllcnl lifflit&tlons on Ihe valuation 16.7 Analysls of herllagw assets by class or group dijlinguishing those at ¢ostond th089 8t valuBtlon CC17a (EXC)
Al¢OgtGrtsup Total GroupA Carrying arrK)unl al beg1m1r ol ihe piod Addilion$ Di5pD8a Deprec1[paMPnl Revaluai Carryin9 swDI allho ena of ppiicwj 16.8 Horltage as6ts Iwh¢ro herltagfr aB$frts aro noi r8¢ognl$ed on th8 bal•n¢o 8h••ii 111 Explaln the r&&son why htrrltayo assets have not b¢on ro¢ognispd on Ihfr balanro ¥hBet. naturo of heritage assets. helpful In aSAè*slnu thè ¥glu• of horltaoe ag8•ts. Ilvl Explaln th• r•ason why it 18 not pYacti¢•bltr obtBin a valuation ol heritsge as6ets. 16.9 Flve yearsummary ol h•iitsg• a¥spts I¥aCtIOn 202S 2024 2023 2022 2021 Gioiip A Group Gioup C 0th6r Donarion$ GroupA Group B Group C Other Total addlllons Charge lor Impalrmfrnt Group A Gmup B Group C Olh8r Total chai90 lor Impalrm•nt Dlspos&ls Group A- c8rylng amunl Group 8- c4rwng Brnounl Group C Olher Total dI5POgalB CC17a (Exclll
Section C Notes to the accounts lcont Note 17 Investment assets Pleas8 comple¢e this nole if the charlty has any Investmentassots. 17.1 Fixed assets Investments (please provlde for each class of investment) Cash & cash equlvalents Ll$t8d Inv8stmènt8 Investment prop8rties Social Investmgnt Other Total Cairying Ilairl value 81 beginning of period Add.. additions to investments during period. Less: disposals at Carrying value Less= impalrments Add= Reversal of Impalmenls Addlldeducti.. Iransler inlloull In the period Addlldeductl: nel galnlllossl on revaluation Carrying Ilaiil value al end ol year "Please speclfy addltlons resultlng from acquisltlons through buslnes¥ combinatlons, if any. Please norè that Falr Valuè In thls context Is the afftount for whlch an asset could be exchangèd beiween knowlèdgeablg and willlng parties In an arm s lèngth transa¢tlon. For traded securltles, the falr value is the value oftho securlty quoted on the London Stock Exchange Dally Offl¢lal Llst or equivalent. For other assets whgre there Is no market price on 8 traded market. It Is the tru$lo8s' or valuers, best eslin7at• of faNrvèlue. 17.2 Please provld8 a breakdown of investsnents shown abov• agreelng wlth the balanc8 sheet row B04 dlfferentlatlng bgtween those held at f8ir value and tho8e held at cost lèss Impalrment. Analysls of investments Falr value at yr end Cost1o88 impalmient Cash or cash equlvalents Llsted invèstments Investment proportle¥ Soclal Investm?nls Other investments Totsl Grand total IFalr value at year end+Cost less impairment) 17.3 If your charlty holds Investment propertie$i please complete the following note: 111 Explaln the methods and significant assumptions In detemilnlng the falr value of Investment property held by the charlty CC17a IExceD
lill Namg or Independènt valuer. if appllcable, and relevant qualificatlons {1111 Provlde delalls of any re8trittlons on the ability to reallse investment property or on the remlttarTrcè of Income or dlsposal procèeds Ilvl Explain any contractual obllgatlonw for the purchase, constfU¢tlon or development of Investment property or for repalrs, malntenance or enhancemtrnts 17.4 Please provide a breakdown of current asset investmenls, if appli¢able, agreeing with the balance sheet. Analysis of current asset Investments Th15 year Last year Cash or ¢ash equlvalent5 Ll$ted Inveslmenl$ Investmènt propertles Soclal Investments other Investments Total 17.5 Guarantees Please provlde detsil# and amount of any guarantee made to or on behalf of a thlrd party Name of the entity or enlltles beneflttiny from th088 guarante06 pase explaln how the guaranteg furthers the charl$ alms 17.6 Concessionary loans Des¢rlptlon Thls ygar Last year Amount of concessionary loan8 madg Imulrfple loens rnadè may be disclosed In aggregaie provlded (hat such aggregatiorj does not obscure signilicant Inlorrnalroyrl. Total Th18 year La8t year Description Amount of conce55ionary loans Yeceived (Mullfple loans received rn8ybe disclosedln aggregate provldgd thai such aggregallon does notobscure signlllcant inlomiat10fr71. Total Term5 and conditions eg inttrrest rate, 8ecurlly provlded CC17a (Excell
Value gf any ¢oncesslonary loans whlch have been commltted but nottaken up at the reportlng date Amounts payable within 1 year Amounts payable after more than 1 year Amount5 receivable withln 1 year Amounts recelvable after more than 1 year 17.7 Addltional Informatlon Pleasg provid8 information about the slgnSfi¢ance of inv95tmont5 to the charlty's Ilnancial position or performance eg. terms and condltlons of loans or the use of hedging to manage financial risk. For all Invastments measured at falr valug, tho basls for detemilnlng the value, including any assumptlons applied when using a valuatlon technlque. Whore a charlty or 11$ $ubsldlary has provlded tlnan¢lal assets as a fomi of security, the carrylng amount ol the linancial a5S9t pledged as securlty and the t8rms and condltlons relating to its pledge. CC17a (Excell
Section C Notes to the accounts (cont) Note 18 Stocks Please complete this note if the charity holds any stock items 18.1 Please state the carrying amount of stock and work in progress analysed between activities. Stock Donated goods Work in progress For For resale For For resale Charitable activities: Opening Added In perlod Expensed In period Impaired Closlng Other trading activities: Openlng Added ITn perlod Expgnsed in perlod Impairod Closing Other: Openlng Added In perlod Expensed in perlod Impalred Closlng Totsl this year Total previous year 18.2 Please specify the carrying amount of any stocks pledged as security for liabilities CC178 (Excell
Section C Notes to the accounts (cont) Note 19 Debtors and prepayments Please complete thls note If the charlty has any debtors or prepayments. 19.1 Analysis of debtors This year Last year Trade debtors 67,840 4,195 4,032 76,067 115,047 1,769 Prepayments and accrued income other d8btors Total 116,816 Complete 19.2 where a material dehtor is recoverable more than a year after the reporting date. 19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above) This year Last year Trade debtors Prepayments and accrued income Other debtors Total CC17a (Excell
Section C Notes to the accounts (cont) Note 20 Creditors and accruals Please complete this note if the charity has any creditors or accruals. 20.1 Analysis of credltors Amounls falling due within one year This year Last year Amounts falling due after more than one year This year Last year Accruals for grants payable Bank loans 8,334 18,263 Trustee Loans Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income 61,955 8,563 72,626 VAT other creditors - Deposits 6,234 60 Total 20.2 Deferred income Please Complete this note If the charity has deferred income. Please ex lain (he reasons wh income is deferred. Movement in deferred income account This year Last year Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period CC17a (Excell
Section C Notes to the accounts Icont) Note 21 Provisions for liabilities and charges You should complete this note if you have included in (he charity expenditure any provlsions. A provision is made when the charity has a liability of uncertain timing or an70unt. 21.1 Please provide: a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments; an indication of the uncertainties about the amount or tlming of those outflows. and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement. 21.2 Movements In recognised provisions and fundlng commltment during the period This year Last year Balance at the start of the reporting period Amounts added in current period Amounts Charged against the provision in the current perlod Unused amounts reversed during the period Balance at the end of the reporting period 21.3 For any funding commitment that Is not recognised as a liability or provision, provide details of commitment made, the time frarne of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).. 21.4 Where unrestricted funds have been designated to a fund commitrnent, please disclose the nature of any amounts designated and the likely timlng of that expenditure. CC17a (Excell
Section C Notes to the accounts (cont) Note 22 Other disclosures for debtors, creditors and other basic financial instruments 22.1 Please provide information about the significance of financial instruments {eg. debtors, creditors, investments etc> to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a forrn of security, the carrying amount of the financial assets pledged as security and the terms and conditions related to its pledge should be given here. CC17a (Excell
Section C Notes to the accounts (cont) Note 23 Contingent liabilities and contingent assets 23.1 Contingent liabilltSes Where the charity has contingent liabilities, please complete the following s8Ction unless the possiblllty of their existence is remote. Description of Item including its legal nature. Please describe any Security provided in connection to the liabil. Estimate of flnancial effect 23.2 Contingent assets Where the charity has contingent assets, please complete the followlng section when their exlstence is probable Dèscrlptlon of item Estlmate of finan¢lal effect 23.3 Other disclosures for contingent assets andlor liabilities Please provide the following information where practicable: Explain any un¢ertalnties relating to the amount or timing of settlement. and the possibility of any reimbursement Where It Is not practical to make one or more of these disclosures> please state this fact CC17a (Excell
Section C Notes to the accounts (cont) Note 24 Cash at bank and in hand This year Last year Short term cash investment5 (less than 3 months maturity date) Short term deposlts Cash at bank and on hand Other Total 127,682 120,152 ,68 120, 52 CC17a (Excell
Section C Notes to the accounts (cont) Note 25 Fair value of assets and liabilities 25.1 Please provlde details of the charity's exposure to credlt rlsk (the rfsk of incurring a loss due to a debtor not paying what Ss owed) , Ilquldity risk (the rlsk of not belng able to meet short term financial demands) and market risk {thg risk that the value of an investment will fall due to Changes in the market) arising from financial instrument9 to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. The charities only risk is in relation to credit risk which is monitored and reviewed regularfy. 25.2 Please give details of thè amount of change In the falr value of basic financial instruments (debtors, creditor$. Investments (see sectlon 11, FRS102 SORPII measured at fair value through the SOFA that 1$ attributable to Changes In credlt risk. CC17a (Excell
Section C Notes to the accounts (conl Note 26 Events after the end of the reporting period Please con7plete this note where events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised whlch relate to Conditions that arose after the end of the reporting period. Please provide details of the nature of the ovent Provide an estimate of the financial effect of the event or a statement that sueh an estimate cannot be made CC17a {Excell
1111 1111111111 1111111111 111111111 1111111111 111111111
1111111111 1111111111 1111111111 111111111 111111111 1111111111 1111
Section C Notes to the accounts (cont) Note 27 Charity funds {cont> 27.3 Transfers between funds Reason for transfer and where endowment is converted to income, legal power for its conversion Amount Between unreslricled and restricted funds Between endowment and restricted funds Between endowment and unreslricled funds 27.4 Desi nated funds Planned use Purpose of the designation Amount CC17a IExcel)
Secllon C Not•s to tho #ccounts Note 28 Transactions wlth trustees and related partles If ihe charify has any tra115actions with relaledpartles (other Ihan the trustee expenses expl8lnedln guldance noles) delails of such Iransactlons shouldbe provldedln thls note. If Ihere are no Irans8clions lo report ple8s8 enter"frue~ in the box or'F81se" if Ihere ti8ir&4¢1ions lo report. 28.1 Trustee remuntrètion and ben8f4t5 None of th8 truste8s have been pald any remuneratlon or ro¢elvod any other beng11ts from an employm817t wlth thelr charlty or a related 8ntlty ITrua or Fal$o1 FALSE lrt thoporiod tlre charily ha5 paNdtruslees remuneratlon andbenellls. Please glve Ihe amounl of. andlegal authorlty for, any remuneratlon or otherbenellts paid to a tmstee by the ch8rityor8ny inslilullon orcomp8ny tonnecled Mth it. Amounts pald or bÈneflt value Thls ear Redundancy Ilncludlng 108$ of offloevex giatla Last year Legal authorlty leg ordor. governlng documenti Remuneratlo P8n8lon roo¢rlbutlon Olhef TOTAL Name of trustee Mr S DhSllon Memorandumlconslit ub'on 12.500 12,500 Please glve detalls of whyremunerntlon orother •mploym•nt bon•flts werepald. Annual salary for tunning of school operath)ns o an •xgratlapaynnl has been rnade to a ¢mstoo, provide an explanetlon of the nature olthep8yment. If a Ihirdpartyhas been relmbursed forprovldlng one or llRore trustees. state the nature of thgpayment and amount of tho relmbulsement. St&ts the numberofirustses to whom retlrement benell¢s are accrulng undora dèfin4d ¢ontrlbullon pgnslon scheme. 28.2 Tru8tee¥' expen3e8 If the oh8rt¢y hos pald Iru$tee$ exp$0$ for fulfilling theirdut1&5, details of such iransaction$ $houldbe pmvldedln thls note. If there are no tran$ae¢lon$ to rnport, please •Trter"True" In the box l)elow. Ilthere are tran¢t10S io r8POrt. please enter"F8158". No tfustge gxp8ns8s have b88n Incurred (True Of False Typ9 of expvns95 r9imbur58d Th1$ year Last year Travel Subslstsnc8 AGGommodation Other (please specify).. TOTAL CC17a IExcdl
Pl8888 provldfr the number of truste8$ reimbursed for expen$o$ or who had gxponses pald by the charNy 28.3 Tran88CtSon($l wth felated partie5 Please give delalls of ally transactlon undortaken by for on bohalf OQ tho ¢harlÉy In whlch a rel8terJp8rtyh8s 8 mg¢erlalltrJterest, In¢lvdlng where funds havtr been held as agentforrelatedp8rtles. If thorg are no such transectlons. ple8S• entèr Yrue'ln thè box provld•d. Thwg havo b8en no rolaled party transacllons In thè reporting perlod (True or Falsvl FALSE Amounts wrlttèn off dvrlng reportlng riod Nam8 of the trustee or rolatod party RglatlonshSp tts chzrlty De8crlpUon of thg tran$aGtionl51 Provl$lon for bad debts at ond Amount Balancè at perlod 8nd S¢hool bU11ng9 owned by S Dhlllon and rénts pald to him at market value or bBIow. Mr S Dhlllon Truslea 52,800 In relarfon to the tr8ftsactlons abovgi pleaseprovlde the temis and¢ondAtlons. Includlng anys8curity8nd the nature of&nyp8yment(con5idgratlonJ to beprovlded In S8ttloment. For *ny relaledparty, please pmvlde dgtall$ of anv guar#nie¢s glvw7 orre¢eived. CC178 (Exeell
Section C Notes to the accounts (cont) Note 29 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet. Trustee Remuneration and Related Pa Transactions Executive management during the financial period was provided by Mr Dhillon in his dual capacity as Trustee and Principal. Total employment remuneration paid lo Mr Dhillon during the year ended 31 August 2025 was £12,50012024'. £12,500). This arrangement was accepted as a concession from standard market salaries for equivalent secondary educational leadership roles lo preserve charitable liquidity. No other Trustee received any remuneration, benefits, or reimbursement for expenses durin9 the reporting period Following the strategic decision to close the full-lime school element, and as part of the operational winding- down process, all remuneration lo Mr Dhillon ceased completely on 31 March 2026. From this date forward, Mr Dhillon serves the charity strictly a¢ a Tiustee on a voluntary basis. eratin Loase Commitments and Connecled Part Pro ort The charity operates ils streamlined examination and administrative support service from premises subject to a lease agreement with a connected party. During the financial period ended 31 August 2025, premisos were occupied under standard historical lease terms Subsequent to the balance sheet date and following the closure of the full-time school element on 16 Octob8r 2025, the landlord reduced the rental rate and is curreritly suspended to support the transitional phase, Subsequently, lo protect the charity's financial position, all ongoing lease oulgoings were fully suspended. Consequently, the minimum lease commitment is £Nil. Historical Iransaclions were conducted in absolute goo(1 faith lo secure premises at the lowest achievable cost to the public benefit Trade Debtors and Credit Risk Mana ement Trade debtors represent outstanding tuition fees due from historical academic terms, primarily originating from the 2020121 pandemic lockdown peNods. The Board remainr. actively committed to recov8ring these remaining logacy debts. CC17a (Excell