Company rngislration nUM￿r 06084975 (England and Wal•$l Charlty reglstrdtlon number 1121398 (England and Walesl OUR LADY OF SION SCHOOL, WORTHING ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 OUR LADY OF SION SCHOOL, WORTHING LEGAL AND ADMINISTRATIVE INFORMATION Trusts•s Mrs G Buque Dr S coll￿11 Mr A Talab" MrA Puglia Mr G Rawlinson Mrs J Dahill Mr R Allingham Mr S Tellei Mr S Khan Ms S Tonlinson (Appointed 23 January 2025 (Appointed 5 February 20261 {Appointed 27 April 2026} Charlty number 1121398 Company number 06084975 R•gl$t•f*d offl¢• Gratwicke Road Worthing West Suss8X BN114BL Audltor Alliotts LLP 3 London Squa Cross Lanes Guildford GUI 1UJ Banker8 Lloyds TSB PO Box 10CK) Andover 8x1 1LT Soll¢ltor• MO0￿ Barlow LLP The Oriel Sydenham Road Guildlord GU1 3SR Ignition Law 1 Sans Walk London EC1R OLT Investment advisors Ralhbones 1 Northgate Chichester Wesl Sussex P019 1AT Craven Slreet Wealth 3 Gough Square London EC4A 3DE OUR LADY OF SION SCHOOL, WORTHING CONTENTS Pag• Trustees, report Statement ol trustees, responsibilities Independent auditorfs report 12- 15 Slalemenl ol fin8n¢ial adiviti'tss 16- 17 Bglancg $heg1 18 Statement of cash flows 19 Notes to the financial ststements 20-35 OUR LADY OF SION SCHOOL, WORTHING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees present their annual report and financial statements for the year ended 31 August 2025. The financial ststements have been prepared in accordance vAth the 8ccounb.ng poliryes sel out in note 1 to the financial ststement5 and compty wrth the tharitable company's Memorandum and Articles of Association. the Companies Act 2006 and 'Acctsunting and Reporting by Charities." Statement of Recommended Practice ap￿ICable to charrties preparing their accounts in accordance wth the Finanaal Repoth"ng Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. Objectives and activitle• The objects of the charitable company a5 Outlined in the Memorandum and Article5 01 Association are the advancement and promotion of education and tr8ining. by the provision and conduct of an interdenominational day school for boys, girls and young a(Juts. In addition. Ihe ch8rtsble company h#$ the power lo advance education in any way whlch 1$ incidental or ancillary to the primary object vthich benefrts the lo¢al ¢ommunity. At Our Lady of Sion School. we are dedicated to upholding a cutture Ihat values. embraces. and welcomes the unique qualities of every individuawbolh young and adutt. Through our nurturing ethos. we strive lo provide an environment where our young people excel 8¢ademi¢alty. demonsirate kindntrss in 811 th&ir a¢titsns, and develop th& skills an4 wis C and abtsv• 91.3% (National 77.9%) Biology 100% A"_8 (National 50%) English 100% A"_C (National 81.7%) Maths 100% A'-C (National 77.9Vol Physics 100¥¢ A'_C IN8tional 71.3%) Students were very excited about arJ)ieving places in their first-cholce un1vets￿as. We are thrilled to announce that our students this year wll be venturing to.. Exeter University Sussex University SurTey University Win¢hesler University Chi¢hesler University Headteacher, Mr Steve Jeffery, ￿marked.. eadteacher Quote.. "W8 8re in¢redJbly proud of oursiudenl$ 81 VIS￿rt forachi&wng oulstandjng A L&vel ￿SU1[$ Ihjs y&gr. Wilh 8 700% pèss ratg and ex¢eplional scoTrs in 8Wy. En91isl). Maths. and Physics, Ihgy hov8 8xc8lled wèll &bow6 nBtion818v6r8g&s. These achievements renect nol only their hard WO￿ but also the positt've culture 81 Sion and the brilliant relationships behveen oursludenls and teachers. We delighted that so m8ny have earned fheir first-choice pl8ces 81 superb universities. induding Exeler, Sussex. Surrey. KfjnGhe$ter, gnd Chichester We look fJnv8rt1 to Seeing Ihrive in the nexl st8ge oltheir 8¢8demKJoumeys ' T•achlng and l•amlng at Slon: Insplrlng Mlnd•, Nurturlng H•art• At Sion, education is nol simpty about the Iransmission of knowledge. It is about igniting curiosity, fostering Confidence. and cultivating a lifelong passion for learring. From the moment a child joins us, they slep inlo a vibrant, nurturing ci)mmvnity where every individual is seen. known. and celebrated. Early Y•ar8: Whèr• Wond•r Bègln¥ Our Eaty Years prowsion is a pla￿ ofwam*h, wonder. and welcome. We offer a true lamity environmenl Whe￿ chIld￿n feel safe. valued, and free to explore. It is here that the foundations of joyful leaming are laid. Through our carefvlty curaled Nursery. IMp￿sSION. our youngest learners become intrepid explorers, setting off on exciting adventures ol dI￿0very in a world designed just for Ihern. Every coiner of the space is crafted to spark imagination and a sense of awe. Thmugh Tapestry, we celebrate and track each child's unique progress as they flourish across the seven areas of leaming, achieving their Eaty Learning Goals in an environment alive Mth energy and purposeful play. Junlor School The Junior School focuses on knowing and supporting each thild. Wel￿being is a priority. and the school works closely with families. The curriculum is creative and structured to support and challenge pupils at all stages. It aims to build curiosity, resilience, and problenFsO￿ln9 skills. Teachers are experienced and provide consistent academic and pastoral support. Classe5 are small, and pupils 8150 h8ve Sp￿181151 lessons rn subjecls sudt 85 Science. languages. Music. and PE. Year 6 pupils spend sorne time in Senior School fac41rties to help prepare for the next stage. Progress is monito￿d through regular assessment to ensure all pupils recewe appropriate support or challenge. OUR LADY OF SION SCHOOL, WORTHING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Senior School Students follow a broad currlculum and are encouraged to develop skills such as problem sohring, crib'cal thinking. and independent leaming. These are applied across subject5 and in preparation for future study and career3. Teaching combines traditional Tnethods wth modewn appioaches, Induding technology and digitsl media. Students receive regular support an¢J guidance based on their indwidual needs. There are also extracurricular activities that help develop teamwork, leadership, and creativity. Slxth Fomi (Vlslonl VISion sUPPOrtS students 85 they prepare lor 8duNh¢)od. 11 offers a 51ruclured academic programme alongside opportunities for leadership and responsibilty within thtr s¢hfy)l. Students are encouraged to become In¢Jependent thinkers and prepare for universty, careers, or otlEr pathways. The curriculum includes both tradrtj'onal subjects and modem developments such as technology and Al. Overall Etho• The school airns to support academic progres5 alongshle personal development. 11 values respect. indusion, and awaren&s$ of others. Students are encouraged to develop confidence. lrfelong leaming habrts, and a sense ol responsiblity towards others and the wider worfd. OUR LADY OF SION SCHOOL, WORTHING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Financial review The Statement of Financial Activrties {SOFAI (xn be found on page 16. The net movement in fijnds for the year to 31 August 2025 Is a deficit of £468.61412024". £336,484 defiotl. Total incoming ￿sOurceS reduced by £241,941, to £3.962.275 and total expenditure decreased by £195.025 to £4.457.836. There was a gain on investments of £26,947 12024.. £112,161). Deprecialion charges for Ihe year amounted to £189.780 12024.. £169.1071, so the operating deficit before depreciation was £305.78112024.. £279.5381. As an independent school we are tasked delivering exception81 edUCat￿n. and must navigate 8 deli￿te b818nce behNeen 8cce55ibility. qualty. and sustsinability. The majority of the school'5 income was gene181ed from pupil fees. The school's policy is to ensure that rts income after deduction of operating expenses is invested in the school to ensure the highest standards in the education and faalities provided to its pupils. This past year has proved to be very challenging. with the effects of the poor economic climate being lert by parents, as well as the school. Not onty has this resulled in InC￿aSed costs. b¢Jt has affected parents. deasions about investing in independent education. reflected in lower pupil numbers. Also. we have been focusing on how scholarships and bursaries, retenbon of leaching and 511PPOrt staff. and reinvestment of fees will thape our future. given the polenli81 of VAT on school fees. and the wrfhdr8wal of Business R8le5 relief. In pursuit of our mission lo provid& an indu$ive leaming environment, s¢holarship$ and burs8rie$ have played 8 piv¢tal rol&. Thes& financial aids hav¢ not onty mad¢ aducalion a￿Ssible to a broadèr spectrum of studènts but have also enriched our school communty wth diverse talents and perspectives. By allocating a portKJn of our budget towards these initiatives, we've ensured that financial constraints do not impede the pursurt ol knowledge. development and opportunity. Through carefvl assessment and transparent processes. we've endeavoured to identify and support deserving individuals. lostering a cutture ol equal opportunty. The Ratisbonne Scholarship looks lo financialty support younger pupils who show a voracious appetite for leaming. The Louise Humann scholarship looks lo support children who may have experienced diffi¢uty during the lockdown perlod, and subsequentty require support retumin9 to an educabon environment. These scholarships are given in the Sion spirit of the school. supporting families who would benefit from the small and pastoral enmronment the school offers. The local reputation of the school is strong and we look to strengthen these communty links. These efforts have helped increase the school's visibility. ￿$uttIng in a hwher number ol enquiries and hopefulty suc£e5slul student conversions in the coming years. The school's investment portfolio reported a value of £412.91612024.. £1.621.5051 al the year-end. The investment portfolio is m8n8gÈd by two different investment managers which minimi$e$ the ¢harity'$ risk in this area 8$ thèy havè bsen prtsvided wrth different profilès and fèmits. The investmènt managers met wrth Financo & Ganeral Purpose Committee during the year to discuss the perfomiance and risk profile of each fund. Reseryes policy As at 31 August 2025 re$Érvès totallèd £2,070.322 12024- t2.538,9361 wth £15.353 12024.. £14,672) hald as restricted funds and £22,37312024". £21.8611 as designated reserves. This leaves unrestricted fun(Js of £2.032,596 12024.. £2,502,403) which, when fixed assets of £1.798.1)0512024.' £941.9741 are ffjnored, leaves free reserves of £234,591 12024.. £1.560.4291 at year end. The Govemors have set a reserve poliry of ensuring that the school has the equivalent of a minimum of six months expenditure held in reserves. The governors are comfortable that the Charity remains a going ¢on¢em and therefore Ihe adoplion ol the going concern basis for preparing the financial statements remains appropriate. OUR LADY OF SION SCHOOL, WORTHING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Majorrisks The trustees have a risk management strategy which comprises". An annual review of risks the charitable company may face collated on a risk register The establishment of systems and procedures to mibgate those risks, identthed on the register with appropriate owners Aterrnly review of the risk register by the relevant committee Th8 implernentation of procedures designed to miniffli5e any potential impact on th& charil8ble cornpany should thosè risks matèrialisè Particular attention has conbnued lo focus on non-financial risks arising from the care ol children or other people, staff or visitors, who may attend the School. As well as the laws on child pfoteclion and health and safety issues the School reviews its services. financial and general exposure lo risk on an ongoing basis. Sion School is responding proactivety to a Sustainèd dedinè in studènt ènrolmènt, which rèflects broader demographic shrfts. and economi¢ prèssur&$ on lamil*s along wrth ri$ing operats.onal costs which lead lo hlgher lees. In light of these challenges, the Governors and School Leadership Team have undertaken a strategic review ol the school's operations. wrth a clear focus on ensuring long-tenn financial sustainability. This has involved aligning stsffing and da$s ¢onfiguralions vrith projected pupil numty&rs and 88$OU8led Income across both the Junior and Seniw Schools. Measures taken are designed not onty to reduce costs. but also to enhanca the Feaming environrnent by fostering greater energy and engagement vthhin appropriatety sized dasses. Al th¥ some lime, the school ¢onlinues to inno¥ole, nolobty Ihrough Ihtr dev&lopm¥nl of a ￿lIb•In9 Cutticulum that responds to growng ¢on¢ern$ around youlh mental health and $¢re8n downa&n¢y. Interest from prospective families remains strong. wrth Sion's calm. nurturing atmosphere and individualised approach continuing to appeal, particulaty to those seeking a values4ed educatson and supportive setting for children with addilional needs. structure, governance and rnonagement The ch8rilable comp8ny is 8 company limited by guar8nlee, g¢)vemed by its Mernorandum and Articles of Association which were drawn up on 26 January 2007. The l￿blIrtY of members is limited to £10. The charitable company registered wrth the Charity Commission on 29 October 2LK)7 and began its first pe￿0d traling as an independent charity on 1 January 2008 under charrty number 1121398. Our Lady of Sion School Govemor5. as the Iruslees of the chaiilable company. are legalty responsible for the overall management and control ol both Ihe Junior and Seniw School, and meet at least three times a year to 8greg the strategic objectives for the School. The Board of Governors shall consist, when complete, of not less than eighl and not more and fourteen competent persons. At each AGM. a third of all Cwled Governors shall retire and as appropriate appty for re-appointment. The work of monitoring the irnplementation of the finance stralegy is c8rried out by the member5 of the Fin8nce and General Purposes Committee IF&GPI. Other principal comtnrttees are ctsn¥ened when necessary. Thè day to day running of the School is delegated to Ihe Headleacher supported by Senior Management Teams, together wrth the 8ursar. The Headteacher and the Bursar attend meetings ofthe above Committees. The School is subject to the inspection regime set in place by the govemment. and the reSu￿1n9 inspection reports are posted on the school websfte. OUR LADY OF SION SCHOOL, WORTHING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees. who are also the direclors for the purpose of company law. and who served during the year were.. Mrs G Buque Dr S Coldwell Ms L Hammond-llles Mrs K Henwood MrA Talati MrA Puglia Mr G Rawlinson Mrs J Dahill Mrs T R8ebum Mr R Allingham Mr S Tefler Mr S Khan MS S Tomlinson [Res￿ne￿ 31 January 20261 (Rewgneil 31 March 20261 IResvJned 31 August 20251 (Appoinled 23 January 20251 (Appoinled S February 20261 (Appointed 27 April 20261 Recwitment and appoinlment oltrusl86S New Irusletrs are inducted into the workings ollhe School by way ol a thorough brief n9 by the Headt#acher and the Chair ol Governors, followed by a full tour of Ihe School. All trustees are also encouraged to visit the School on a regular basis ty arrangement with the Headmaster. Trustees are encouraged to attend appropriale extemal training events vthere these will farAlitate the undertaking of their role. or a8SlSt them with specific areas of responsibility. Th& Committees of wh￿h the INsle$s ar& memb&rs afe.. Full Governing Body Committee Finance & General Purposes Committee. induding Marketing Pay Review Committee eallh & Safety Committee Education Committee Govern8n¢& Committee Relationship with tslated parties The School is closely associated the Congreg8tion of Our Lady of Sion. Ilhe Orderl. Prior lo independence the School was owned and uttimatety controlled by the Ordèr, but managed on a day-to-day basis by the Board of Governors. The School became an independent chanty on 1 January 2008, atthough The Order retains ownership of the school propety. We then purchased the woperties from the order in August 2025 along with the purchase of a 99&year lease lor the land. Audltor In accordance with the company's articles, a resolution proposing that Alliotts LLP be reappointed as auditor of the company will be put at a General Meeting. OUR LADY OF SION SCHOOL, WORTHING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Oisclosure of inforniation to auditor Each of the trustees has confimed that there is no infomiation of which they are aware wnich is relevant to the audit, but of which the audrtor is unaware. They have further confimied that they have taken appropriate steps to identify such relevant inforniation and to eslablish that the audilor is awa￿ of such infomiation. The trustees, report was approved by the Board of Trustees. 6L_I irfJ¢ GAry RAI￿1￿5¢n iJun 19, 2026. 2".SIWI Mr G Rawlinson Trust• 19 Jun 2026 Date.. 10- OUR LADY OF SION SCHOOL, WORTHING STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees, who are also the directors of Our Lady of Sion School. Worihing for the purpose ol company law, are responsible for preparing the Trustees, Report and the financial ststements in accordance with applKable law and United Kingdorn Accounting Standards (United Kingdom GeneraltyAccepled A￿Ounty'n9 Pr8Cticel. Company law requires the trustees to prepare ffinan(ial statements for each finanual year which give a true and fair view of the state of affairs ol the charitable company and of Ihe incoming resources and application of resources, including the income and expenditure, of the chantable company lor that year. In preparing these financial statements. the truslees are required to.. select 5Ultable accounting policies and Ihen appty them consistenty.. observe th8 methods and principles in the Charities SORP., make judgements and esb'mates that are reasonable and pwdenl", state whether applicable UK Accounting Standar¢Js have been followed, subject to any material departures disclosed and explained in the financial statements". and prepare the financial slalemenls on the going cmcEm basis unless rt is inappropriate to presume that the charitable company will continue in opera1￿. The Iruslees are responsible for keeping 8dequ8te accounting records that disclose with re8son8ble accuracy 8t 8ny lime the financi81 position of the chanlablè company and enable Ihèm to ensure that the financial statements comply with the Companies Act 20C6. They are also responsible for safeguarding the assets ol the charitable company and hence for taking reasonable steps lor the pre¥ent¥)n and detection of fraud and other irregularrties. 11 OUR LADY OF SION SCHOOL, WORTHING INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OUR LADY OF SION SCHOOL. WORTHING Opinion We have audited the finanaal statements of Our Lady of Sion Si*ool, Worthing Ithe 'charitable company'l for the year ended 31 August 2025 whid) comprise Ihe statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial slatemenls. induding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards. including Financial Reporting Standard 102 The Fin8ncJ81 ReportAng St8nd8rts 8pplic8ble in th8 UK 8nd Republic ol Irelond (United Kingdorn Generally Accepted Accounb"ng PractiGel. In our opinion, the financial statements". give 8 true and fair view of the state of the chaiitable company's affairs as at 31 August 2025 aTrY of rts incoming resour¢es and application of resources, including rts income 8nd expenditure, for the year then ended", have been property prepared in acKordance wth United Kingdom Generally Accepted Accounting PraCts.￿.. and have been prepared In accordance wrth the requirements of the Companies Act 2006. 8a818 for oplnlon We conducted our aufjlt In a¢¢ordan¢e wilh Intemalional Standafd$ on Auditin9 IUKI IISAS IUKII and appll¢abl$ law. Our résponsibilities under those standards arè further desuibed in the Audilorfs msponsibililies for the &udit ol the financial statements section of our ￿pOrt. We are independent of the charilable company in accordance wrth the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK. including the FRC'S Ethical Standard, and we have fulfilled our olher eth￿￿1 responsibililie5 in accordance wrth these requirements. We believe that the audit evidence we have obiained is suffirient and 8ppropri8te to provide a basis for our opinion. Con¢lu¥lon$ r*l•tlng io golng ¢on¢em In auditing the financial statements. we have concluded thal the trustees, use of the going concem basis of accounting in the preparation of Ihe financial slatemenls is appropiiate. 8ased on the work we have perfomied. we have not identrfied any material uncertaSnties relatlng to events or conditions that, Individual￿ or collectivefy, may cast signtficant doubl on the charitable company's ability to continue as a going concem lor a p6ri01J of at least ￿fve months from when Ihe finanual staternents are authorised for issue. Our respon8ibililie$ and the wponsibilities of the trustees wth respect lo going Mncem ¥rt described in Ihtt relevant sections ol this report. Oth•r Infomiatoon The other informalion cornprises Ihe information included in the annual reporl olher than the finarcial statements and our 8udilorfs report Ihereon. The trustees 8re responsible ft)r Ihe other information cont8ined within the annu81 report. Our opinion on the fin8nci81 Statements doe5 not covei the other information and. except to the extent otherwise explicitty stated in our report, we do nol exp￿$$ any fom of assurance conclusion the￿On. Our responsibility Is to read the other information and, in doing so, consider whether the other Information is materially inconsistent with the financial stalements or our knO￿edge obtained In the course ol the audrt, or othetwise appears to be malerialty mi5slaled. If we identify such malerial inconsistenryes or apparent material rnisstalements. we are required to delemiine whether this gives rise to a material misstatemenl in Ihe financial 5tatement5 themselve5. If. based on the work we have performed, we conrjude that therè is a material rnis5tatetnent of this other information, we are requilod to report that fact. We have nothing to report in this regard. 12- OUR LADY OF SION SCHOOL, WORTHING INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF OUR LADY OF SION SCHOOL. WORTHING Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course ol our audtt-. the inforrnation given in the trustees. report for the finanryal year for which the financial ststements are prepared. which includes the directors. reFK)rt prepared for the purposes of comp8ny law. is consistent wlh the rinancial statements," and the directors, report induded vthhin the twstees. report has been prepared in aC￿rdance wrth applicable legal requirements. Mottgr¥ on whi¢h wg org required to rgport by ¢x¢eption In the light of the knowledge and unders¢anding of the charrtable company and its environment obtained in the course of the Judit. we have not idenlrf*d material misslatements in the directors, report included within the Iruslees, report. We have nothing to rèport in rèspèct of Ihè follw.ng malters In relation to whi¢h th¢ Compani*$ A¢t 2006 requir¥$ us lo report to you rf, in our opinion". adequate accounting records have not been kept. or retum8 adequate for our audf( have not been received from br8n¢hes not visrted by us., or the financial slalemenls a￿ not in agreement wth the accounbng records and retums., or cértain disclosurès of truslees, remuneration speufied by law arè not mad•". or we have not receNed all the infomiation and explanations we require for OUT audit.. or the trustees were not en￿lled to prepare the financial slalements in accordance with the small companies gime and take advantage ol the small companies, exemptions in preparing the trustees, report 8nd from the requirement to prepare a slTalegic report. Re8ponslbllltles of trustees As explained more fully in the statement of truslees, responsibilrties, the trustees, who are 81so the directors of the charitable cornpany for the purpose of company law. are responsible for the P￿ParatIon of the finanaal statements and lor being satisfied tha¢ they give a true and fair view. and for such in¢emal control as the trustees deterrnine is necessary lo enable the preparation of financ4al statements that are free froffl material rnisstatement. whether due lo Iraud tsr &rror. In prepa￿n9 the ftnancSal statements, the trustees arè rèsponslble for assesslng the charitable o)mpany's ablllty to continue as a going concern, disdosing, as applicable. matters ￿laled to going concem and using the going concern basis of accounting unless the trustees erther intend to liqu￿ate the chantable cornpany or to cease operations. or have no realists'c attemative bvl to do so. 13- OUR LADY OF SION SCHOOL, WORTHING INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF OUR LADY OF SION SCHOOL. WORTHING Auditorfs responsibilities forthe audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a Who￿ a￿ free from material misstatement, whether due to fraud or error, and to issue an audito¢s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detecl a material misststement when il exists. Misstatements can arise frorn fraud or error and are considered material if. individualty or in the aggregaie. they could ￿aSonablY be expected to influence the economic decisions of users taken on the basi5 of these finanryal 51atement5. Irre9ularities, including fraud, are instances of non-compliance with laws and fegulations. We design procedures in line with our responsibilities, outlined above. to delect material misslalements in respect of irregularities, including fraud. The extent to which our procedures a￿ capable of detecting irregularities, induding fraud, is detailed below. the engagement partner ensured thal Ihe engagement team collectivety had the appropriate competen￿. Capabilities and skills to identify or reco9nise norwA)mpli8nce with applicable laws and regulation5.' we identified the laws and re9ulations applicable to the company throvgh discussion$ with Iruslees and other management, and from our commercial knowledge and experience of the education sector,. we focuse¢J on specific laws and regulalions which we conS￿ered may have a direct material effect on the financial statements or the operabons of the charitable company. Including the Companies Act 2006, the Charities Act 2011. taxation legislation and dala protection. ants-bribery. employment. health and safety legislation., we assessed the *￿ent of ¢omplian¢e vthh the laws and wulations identified above through rn8king enquiries of management and insp&¢ting legal Co￿eSpondence", antl identrfied law$ 8nd regulation$ were ¢ommuni¢ated wilhin the audrt team regularty and the team rgmalned alert to instances of non-compliance throughout the au¢Jrt. We assessed the susceptibilty ol the tharitable fAJmpany's financial statements to material misstatement. including obtaining an understanding of how fraud mighl occur, by. • m8king enquiries ol rnanagemenl as to where they considered there w8S susceptibility lo fraud, their knowledge ol actual, suspectèd and alleg6d Iraud, considering tho inlèmal Controls in placo lo mikngal• risks of fraud and non-¢omplian¢e wlth Igws and regulations., and • understanding the design of the charitable company's remuneraiion policies. To addre53 the risk of fraud through rnana9emenl bias and override ol controls. we.. performed analytical procedures lo identfy any unusu81 or unexpected rel8tion8hip8,' tested journal entries to identify unu$u41 Iran5adions'. assessed whether judgements and assumptsons made kn delemiining the accountjng estlmates were indicative of potential bias, and investigated (he rationale behind si9nrfKant or unusual transactsons. In response to the risk of irregularilies and non-compliance vthh laws and regulation5. we designed procedures which included, bul were nol limited to.. agreeing financial staternent disclosures to undertying 5upporling documèntation.. reading the minutes of meetings of the Board of Govemors, enquiring of management as lo actual and potenbal litigation and daims., and reviewing Corresponden￿ wrth HMRC, relevant wulators and the company's legal advisors. There are inherent limitations in our audrt procedures described above. The more removed that laws and regu18tions 8re from financial Ir3n53dions. the less likety il is thal we would become aware of noTr¢ompliance. Auditing standards also limrt the audtt prtsceduies required tr) idenb.fy norFcompliance wth laws and iegulations to enquiry of the directors and other management and the inspeclion of regulatory and legal correspondence, rf any. Material misstatements thal arise due to fraud can be hafder to deted than those thal arise from error as they May involve deliberate concealmenl or collusion. A further descrip*'on of our resFM)nsibilrfi8s is available on the Financial Reporling Council's website at". htty)s.'Il vmv.fic.oig.uklaudittsisiesp0nsibil￿.es. This desthpb.on foms part of our auditoffs report. 14- OUR LADY OF SION SCHOOL, WORTHING INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF OUR LADY OF SION SCHOOL. WORTHING Use of our report This report is made solely to the charrtable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mKJht state to the charitat4e company's mernbers those matters we are required lo state lo them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a boty. for our audit work. for this report. or for the opinion5 we have formed. 54.4.. M a,4U '.un .9 2026 9 Stephen Meredlth BA FCA DChA Isenlor Statutory Audltorl For and on behalf of Alliotts LLP, Stslulory Autirtor Chartered Accountants 3 London Squar8 Cross Lanes Guildford GU1 1UJ Dale.. 19 Jun 2026 15- OUR LADY OF SION SCHOOL, WORTHING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Current financial year Unrestricted Unrestricted funds funds general dèsignated 2025 2025 Restricted funds Total Total 202S 2025 2024 Nots8 Income and endowments from: Donations and legacies Charitable activities Investrnenls Other income 21.027 3,921.402 15,655 2.998 21.027 3,921.402 16.848 2.998 2.970 4.173,195 21,856 8,195 512 Totsl Income 3.961.082 512 3.962.275 4.204.216 Expondltur• on.. Fundraising and publidty Investrnent management 37,1C6 37,106 45,731 12.5001 37.1 37.106 43,231 Tea¢hing Welfare Premlse$ Support 2,678,824 31.181 723.459 987,266 2.678,824 31.181 723,459 987.266 2,822,353 47.677 775,568 964,032 Totsl ¢harltsbl* •xpendltur¢ 4,420,730 4.420,730 4,609,630 Total expendlture 4.457.836 4.457.836 4.652.861 Net gainslllossesl on investrnents 13 26.947 26.947 112.161 Net Incomellexpendlturel and movement In funds 1469.8on 512 1468.6141 1336.4841 Re¢on¢iliation of funds= Fund balan￿S at 1 September 2024 2,502,403 21.861 14,672 2,538.936 2,875,420 Fund balances at 31 August 202S 2.032.5 22.373 15.353 2.070.322 2,538.936 The statement of financial activities indudes al gains and losses recognised in ihe year. All income and expenditure derive from contsnuing activities. 16- OUR LADY OF SION SCHOOL, WORTHING STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Prior financial year Unrestricted Unregtricted funds funds general de51gnated 2024 2024 Restricted funds Total 2024 2024 Notès Income and endowments from: Donations and legacies Charitable activities Investrnenls Other income 2.970 4,173.19S 20.562 8.195 2.970 4.173,195 21,856 8,195 739 555 Totsl Income 4.202.922 739 555 4.204.216 Expondltur• on.. Fundraising and publidty Investrnent management 45.731 12.5001 45,731 12.5001 43.231 43,231 Teaching Welfare Premises Support 2.822.353 47.677 775.568 984.032 2.822,353 47,677 775.568 984,032 Total expendltur• 4.652.861 4.652,861 Net g8inslll0s￿SI on Investments 13 112,181 112,161 N•t ineomèll•xponditur•l and mov•mènt in fund• (337.778) 739 555 1338,4841 R•conelllatSon ol fund•: Fund balances al 1 September 2023 2.840.181 21.122 14.117 2.675.420 Fund balan¢e¥ at 31 Augy¥t 2024 2,502.403 21.861 14.672 2.538,936 17- 19 Jun 2026 ## G Rawlinson Gary Rawlinson (Jun 19, 2026, 2:54pm) OUR LADY OF SION SCHOOL, WORTHING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Not•s Cash flows from operatlng actlvltles Cash labsoibed byllgeneraled from operations 28 1902.431) 375,843 Investlng actlvltl•s Purchase of18ngible fixed 855ets Proceeds from disposal of tangible fixed assets Purchase of investments Proceeds from disposal of investments Investment income received {1.045.811} {169.0121 100 {1.191.7151 2.427.251 16.848 2.743 1912.1651 898.752 21.8S6 Net ca8h generated Iromllu8ed Inl Inve8tlng actlvltles 2￿.873 1157.8261 N•1 ¢o¥h g¢n¢r4ttrd from fln4n¢lng •¢llvlW Nèt Idècr•a8•llln¢r•••• In ¢•sh and ¢o$h •qulval•nt8 1695.7581 218,017 Cash and cash equivalents at beginning of year 1.215.230 997,213 Cash and ca•h equlvalents at •nd of year 519.472 1.215,230 19- OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Charity inforrnation Our Lady ol Sion School, Worthing is a charitable company limited by guarantee Incorporated in England and Wales. The registered Offi￿ is Gratsw'cke Road. Worthing. West Sussex. BN114BL. 1.1 8asiB of preparation The financial statements have been prepared in acCOrdar￿ with the charitable company's Memorandum and Articles of Association. the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102.1 and the Charities SORP"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their 8ccounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" lelfecb.ve 1 January 20191. The chantable company is a Public Benèfft Entty as defined by FRS 102. The financial statements a￿ prepared in $terf￿g. which is the funclional cu￿ncY of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been Prepared under the historical ￿)St convention. The principal accounting poli¢ie8 adopted 8re set out below. 1.2 Golng ¢on¢•m At the time ol approving the financial slatemenls. the Iruslees have a reasonable expectation that the Charitable company ha5 adequale resources to continue in operat￿n31 existence for the foreseeable future. Thus the Iruslees continue lo adopl the going concem basis of a¢￿untIng in preparing Ihtr finana81 statements. 1.3 Charltable fund$ Unrestricted funds are available for use at the dIs￿lI0n of the trustees in furtherance of their charitable objectives. Restdcted lunds ara sublecl to reslnctions on their expendrture imposed by the donor or through the temis of an appeal. General funds are unrestricted funds which are available for use al the discretion of the trustees in furtheranc& of the general objectives of th6 charity and which have not been designated for other purposes. 1A In¢ome Income from operating aclwrfies in fvrtheran￿ of the charitable company's objective5 is accounted for on an accruals basis. Fees receivable and charges for services and use ol premises are accounted for in period in which the service is provided. Fees re¢xivable are stsled after deducling allowan￿S, scholarships 8nd other remi55i0ns granted by the school. Fees received in advance of educ8tion to be provided in futwe years under an Advance Fee Payments Scheme contract are held as liabilrt*s unb"l erther taken to income in the temi when used or else refunded. Donations receivable ftsi the general purposes of the charttable company are credited to unrèstrictèd funds. Donations for purposes restricted by the wishes of the donor are taken to restricted funds. Lég8cio5 arè rtreognised on iecèipt or OtheTh￿Str rf the charitablè company has beèn nobfied of an vnpènding distnbutson, the amount is known, and ￿ceIpt is Èxpected. If the amunt is not known, the legacy is t￿ated as a contingent asset. -20- OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢coun¢ing policies (Continuedl Income from government grants is recognised al the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the perfornance condits'ons are met. Where a grant does not specrfy performance condition5 it is recogni5ed in income when the proceeds are recewed or receiv8ble. A grant received befoie the recognition Ixiteria are satisfied is reco9nised 8$ a liability. Other operating income is accounted for on an accruals basis. 1.S Expendlture ExpÈnditurè is reeognised oncè thèrè is a lÈgal or constructivè obligation to transfèr èconomic benefit to 8 third party, rt is probable that a transfer of economic benefits will be required in settlement, and the amount of thè obligation Can be measured reliabty. Expenditu￿ is classified by activity. The costs ol each aclNity a￿ made up ol the total of dIr￿t costs and shared costs. including support costs invofved in undertaking each activity. Direct costs attributable to a single activity 8re allocated directy lo Ih8t activity. Shared c05t5 which contribute to rnore than one activity and support costs which are not 8ttributable to a single 4divty are apporb'oned be￿e*n those 8divrt￿s on 8 basis consistent with the use ol resources. Central slaff costs are allocated on the basis of time spent, and depreuation charges are allocate(J on the portion of the assefs usa. Expenditure is 8c¢ounlea for on an ac¢wals basis. Overhead and other ￿$1$ not directly attribu¢8ble lo particular functional activty categories are apportioned over Ihe relevant categories on the basis of management estimates of the amount attnbulable lo Ihat activty in the year, either by reference lo staff time or space occupied, as appropriate. The irrecoverable element of VAT is indvded with the rtern of expense to which it ￿lales. Governon¢& ¢o$ls ¢ompri$& th¢ ¢osts of running the ¢han¢abl& company. indudin9 $trategi¢ planning for 11$ lulurè dèvelopment, also èxtèrnal audrt, any legal advicè for the $¢hotsl. and all the ¢osls of complying with constitutional and statutory requirements. such as the costs of Board and Committ9¢ me¢tin9$ and of preparing statutory accounts and satisfying public accountabilrty. 1.6 TAnglblè fixèd a•8•t• Tangible fixed assels are initially rneasured at cost and subsequentty rneasu￿d at cost or valuation. net of depreraation and any impairmenl losses. DeprecAation is recognised so as to vrriie off the cml or valuation of assets less their residual values over their useful liyes on the following bases.. Freehold propety and improvements Plant and equipment Computer equipment Motor vohidas 5% per annum straight-line 25% per annum stiaight-lin 33.33% per annum straight4ine 25% per annum reduong balance The gain or Ios5 arising on the disposal of an asset is determined as Ihe difference belween the s81e proceeds and the carrying value of the asset. and is recognised in the stalemenl of financial actsvIties. 1.7 Fixed asset investments Fixed asset investments are inrfialty measured at transaction price exduding transaction costs, and are subsequently measured at lair value al each reporting dale. Changes in lair value are recognised in net incomellexpenditurel for the year. Transaction ￿sts are expensed as incurred. 21 OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢coun¢ing policies (Continuedl 1.8 Impalm)ent ol flxed assets At each reporting end date, the charitable wmpany reviews the carrying amounts of its tsngible assets to detertnine whetr8r ther8 is any indication that Ih05e assets have suffered an impaitrTTrent 1055. If any such indication exists, the recoverable amount of the asset is estimated in order to detemine the extent of the impairment loss Irf any). 1.9 Cash and eash oqulval•nts Cash and cash equivalents include cash in hand. deposils held al call with banks, other short-terrn liquid investments wrth original ma¢urities of three monlhs or less. and bank overdrafts. Bank overdrafts are shown wrthin borrowng$ in current liabilths. 1.10 Flnanelal Instrum•nts The charitable company has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Financi81 Instrurnenls 15sues' ol FRS 102 10 81 ol 115 financial instruments. Flnancial instruments are recognised in the charitable corwany's balance sheet when the charitable company becomes party to the contractual provisions of ihe instrument. Financial assets and liabililies a￿ offset. with Ihe net amounts p￿Sented in the financial statements. when there is a legally enforceable right to set off Ihe recognised amounts and there is an intents'on to settle on a net basis or lo r&ali$& the a$s&l and the liability $imuN8neousty. B•$le flnanclal •ss•ts Basic finana81 assets. which indvde deblors and cash and bank b818nces. are initially measured at Ir8nsa¢lion price including ir8ns8dion costs and are subsequentty carried ai amortised ￿$1 using the trffedive interest mtrlhod unle$s the arran9èmenl ￿n$t11Ut•S a financing transaction. where the iransaelion is measured at the prèsent valuè of thè lulurè r￿IptS discounted at a morket rats of Interest. Finanu81 a$$&ts classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltl•s Basic financial liabilities. irncluding crèdrtors and bank loans are initsalty rècognised 01 transaction pri¢¢ unless the arrangement constrtutes a finanung transaction. where the debt Instrument is measured al the present value ol the future payments discounted al a market rale of interest. Financial liabilrties classified as payable within one year are not amortised. Debt instruments are 3ubsequentty carried al amortised cost. U3ing the effective Inte￿St rale method. Trade creditors a￿ obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classffied as current liabilities rf payment is due wrthin one year or less. If not. they are presented as n0n-Cur￿nt liabilities. Tra(Je creditors are recognised initially at transactM)n price and subsequentty measured at anKJrtised cost using the effeciNe interest Method. Dere¢ggnition of financial liabiliti Financial liabilities are defecognised when the chaiitable company's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's sety￿S are received. Terrnination beneffts are recognised immediatety a5 an expense when the charitable cornpany is detnon5tiably committed to terminate the efflployment of an employee or to provide termination benefit5. OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢coun¢ing policies (Continuedl 1.12 Retlrement benellts The school partiripa¢es in Iwo muM￿emploYer pen5i9n schemes. The Aviva IAPTISI Defined Benefits Scheme IS Used for its teaching staff and the Pensions Trust Defined Benefft scheme for 5UPPOrt staff, 8ftei leaving the Teachers Pension Scheme In September 2020. The contributions by the school are detemined by the Scheme Actuary and advised lo the school by Ihe Scheme Administrators. As the schemes are Mult￿eMploYer schemes and the school cannot identify ils share of the assets and liabilrties, in accordance wth FRS 102. the schemes are acc£Junted for as defined ￿ntribu￿On schemes. Cdtlcal accounting 9stimates and judgem?nt• In the applicalon of th¢ Charrtable company's ac¢ounkn"n9 polo&$. the tru$te•$ ar¥ requir¥d lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not ￿a¢JIlY apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are ryjnsidered to be relevanl. Aclual results may differ from these estimates. The estimates and underlyin9 assumptions are reviewed on an ongoin9 b8515. Revisions lo aceounting &slim81*s are recognised in the period in whith the &slimal& is fevised where th& revision affects (x)ly that period, or in the period of the revision and future per￿dS Whe￿ the revision affects both current and future periods. Income from donatlons and l•gacl•8 Unre¥trfcted funds 2025 Unrnjtrlcted funds 2024 Donations and gifts 21,027 2,970 -23- OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Incoming resources from charitable activities SchoDI foes Rrymitration Ad11￿0￿11 oducational char9BS Total Totsl 2026 2025 2025 2025 2024 Incoming resources from d)arrtable activities 3.790,517 129,985 3,921,402 4.173,195 For the year ended 31 August 2024 4.071,921 550 11JO,724 4.173,195 2025 2024 The school fees income o)mprises'. Gross school fee$ Less.. bursaries Less.. Sixth Fomi fee remission 4,455.802 1640.4831 183,19SI 4.910,721 1616.0481 1222,7521 3,732,124 4.071,921 S Income from Inv•8tm•nts Unrestrtcted Unrestrlcted Re8tdcted lund• fund8 funds general deslgnated 2025 2025 Total Unrestrlcted Unrestrlcted Restrlcted lund8 funds funds general deslgnated 2024 2024 Total 2025 2025 2024 2024 Income from listed investments Interest receivable 8,445 8,445 10,15Y) 10,190 7,210 512 8.403 10,372 739 555 11,666 15,655 512 16.848 20,562 739 555 21,856 -24- OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Other income Unrejtricted Unrejtricted funds funds 2025 2024 Net gain on disposal of tangible fixed 8ssets Other income 100 2,898 1.230 4,965 2,998 8,195 Expendltur• on ralslng funds Unre8trtcted Unre8trlcted funds funds 2025 2024 Fundralslng and publlclty Advertising and Publicity 37,106 4S,731 Investment manag•ment 12,5001 Total costs 37,106 43.231 Expendltur• on charttabl• actlvlil•s Teachlng 202S Wella 2025 Premlses 2025 Support 2025 Total 2025 Dlrect costs Staff costs DeP￿CIatIOn and irnpainnent Other Costs 2,275,344 38.526 364,954 38,993 151.254 533.212 592,432 2,906,769 189.780 1,285,793 31.181 356,446 2.678,824 31,181 723.459 948,878 4,382,342 Share of support and governance costs (see note 9) Gov8inance 38,388 38,388 2,678,824 31,181 723.459 987,266 4,420,730 Analysls by fund Unrestricted ftJnds- general 2,678,824 31,181 723,459 987,266 4,420,730 -25- OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Expgnditure on charitsble activities (Continuedl Prevlous year: Teachlng 2024 Welfare Premlses 2024 2024 Support 2024 Total 2024 Dlrèet eosts Staff costs Depreciation and Impaimient Other Costs 2.344.157 38,342 439.854 22.328 130.765 622.477 674.741 3.041.224 169,107 1.368.852 47.677 258.844 2,822,353 47,677 775.568 933,585 4.579,183 Sharè of support and gov•mane• Costs Is8e not• g) Governance 30.447 30,447 2,822,353 47,677 775.568 964,032 4.609,630 Analysls by fund Unrestricted funds- general 2.822.353 47.677 775.568 964.032 4.609,630 Support CO818 allocat•d to actlvltle• Teachlng 2025 Total 2024 Gov&rnan 38,388 30,447 202S 2024 Gov•mane• eosts eomprlm: Staff costs Au¢Jit fees Sundry 26.970 11,025 393 11.366 18,828 253 38.388 30,447 10 Net movement In funds 202S 2024 The net movement in fvnds 1$ slaled after thargingll(xediDng1= Fees payable for the audrt of the chanty's ffinan(ial statements Depreciation of owned tangible fixed assets Profrt on disposal of tangible fixe¢J assets 11,025 189.780 11001 18,828 170.838 11,2301 -26- OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 Trustees One govemor received reimbursed expenses of £110 in the year12024.. three governors received reimbursed training and travel expenses Of £4951. 12 Employ••s The average monthty number of employees during the year was: 2025 Number 2024 Number Teaching Support 44 41 45 Total 85 89 Employm•nt costs 2025 2024 Wages and salari&$ SorAal security costs Other penslon costs 2,351,974 242.466 339,299 2,474,019 231.577 346,994 2.933,739 3.052,590 Included In the above Is a termination payment which was made durfng lh& year to four12024.' three) fom)er employees of £22,99712024." £35,421). The number ol employees vthose annual remuneration was more than £60.000 is as follows.. 2025 Numbèr 2024 Numbor £70,000- £79,999 £80.000- £89.999 In connection wth Ihe higher paid employees. retirement benefits are accruing under a rnutti-employer defined benefit scheme for the 3 employees 12024.. 4}. The tot81 employer contribution5 in Ihe ye8r lo the Scheme wore £37,52812024". £49,931). -27- OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 13 Gains and losses on investments Unrejtricted Unrejtricted funds funds 2025 2024 Gainslllossesl arising on.. Revaluation of investments Sale of investments 96.032 16,129 26,947 26,947 112,161 14 Taxatlon The company is a registered charity and therefore no liabilty to tsxation arises on its charitable activities. 15 Tanglble Ilxed asset• Fr••hold propewty and Improvgw•nl• Pl•rbt *hd •4ulpm•nt Coftyut•r ulprn•rbt Motor v•hlcla* Tot*1 Cost Al 1 September 2024 Additions 1.593.560 1.020.121 800,981 8.494 495,616 17,196 31,818 2,721,975 1.045,811 At 31 August 2025 2.613.681 809.475 512,812 31.818 3.767,786 O•pr•elatlon and Impalrni•nt At 1 September 2024 Deprerialion ¢harged in the year 858,921 80.187 459,168 57.438 431,147 52.155 30,765 1.780,001 189,780 Al 31 August 2025 939.108 516.6( 483,302 30.765 1.969,781 Carrylng amount At 31 August 2025 1.874.573 92,869 29,510 1.053 1,798.005 Al 31 August 2024 734.639 141.813 84.469 1.053 941.974 -28- OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Fixed asset investments Usted Investments Cash In portfol50 Total Cost or valuation At 1 September 2024 Additions Cash movement Dl$po$81s 1,616.908 1.191.715 1408,3191 12,400.3041 4.597 1,621,505 1.191.715 408,319 12,400,3041 At 31 August 2025 412,916 412,916 Carrylng amount At 31 August 2025 412.916 412,916 Al 31 Augvsl 2024 1,616.908 4,597 1.621,505 17 Debtor• 2025 2024 Amounts folllng du• wbthln on• y•or: Trade debtors Other debtors Prepayments and accrued income 117,538 4.122 51,212 160,682 11.478 77,967 172,872 250,127 18 Cr•dltor8'. amount8 lalllng du• wlthln on• yèar 2025 2024 Note8 Other taxation and social seojrity Defèrred incomè Payments received on accounl Trade credrtors oth8r credrtors Accruals 88.178 240,752 2.758 314,215 11,835 47.975 53,191 720,019 9.750 360,584 6,630 15,736 20 703.713 1.165.910 -29- OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 Creditors.. amounts falling due after more than one year 2025 2024 Notes Deferred inwme Payments received on accounl 20 80.730 48.500 275.490 48,500 129.230 323.990 20 Oelerred Incom• 2025 2024 Arising from lees r￿1Ved in advance 321,482 995,509 Deferred income is incJuded in the financial slalemenls as follows.. 2025 2024 D¥f•rr•d incomè Is Indu¢J¥d wilhln". Current liabilities Non-current liabilltles 240.752 80,730 720.019 27S,490 321,482 995,509 Movements in the year.. D¥fèrrèd incom$ 011 Septèmber 2024 Released trom pwious periods Resources deferred in the year 995.509 1995.5091 321,482 466,774 1466.7741 995,509 Deferre(J income at 31 August 2025 321,482 99S,$09 21 Retlrement benefit schemes 2025 2024 Defined conlribution ¥¢heme¥ Charge to profft or loss in respect of defined contributs.on schemes 339,299 346,994 The ch8ritabl8 cornpany tsp8rates a defined u>ntribution pension scheme for 811 qualifying employe85. The assets of the scheme a￿ held separately from those of the charitable company In an Independently administered fund. The amount outstanding at the year end and induded vrithin credrtors is £17.45712024.. £20.4031 OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 22 Restricted funds The restricted funds of the charity wrnprise the unexpended balances of donations 8nd gr8nts hekl on twsl subject to specific ¢A)ndttions by donors as to how they may ￿ used. Ineomlng At 31 August re$ourc•g 2025 September 2024 Sister Maura appeal fund Mr R Hale 4.753 9.919 681 5,434 9.919 14,672 681 15,353 Prevlous year: At1 Septemb?r 2023 Incomlng At 31 August resource 2024 Sister Maura appeal ftjnd Mr R Hale 4.573 180 375 4,753 9,919 14.117 555 14.672 The Sister Maura appeal fund was sel up lo provide grants for speafic pupil activities., for example, during 2008 a pupil was funded when they visrted and helped within an orphanage in Cambodia. The Mr R Hale fvnd will be used for ¥ sifflilar purpose as Ihe oiigin81 lunds were lo be u8ed 88 an additional source of incomè for grants to assist pupils. 31 OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 23 Unrestricted funds - designated The incorne fvnds of the charty indude the follwng deS￿nated fvnds which have been sel 85ide out of unrestricted funds by the twustèes for specific putpose$: Ineomlng At 31 August re$ourc•g 2025 September 2024 Governors, fund Maintenance ftjnd 200 21.661 200 22.173 512 21.861 512 22,373 Prevlous year: At1 Septemb?r 2023 Incomlng At 31 August resource 2024 Governors, lund Maintenance fund 200 20.922 200 21,661 739 21.122 739 21.861 Unre$trlcted fund8 The income funds ol the ¢h8rity indude Ihe following designaled fvnds have been sel aside out ol unre$lri¢led lunds by the Iruslees lor speufic puwpo$e$'. At1 September 2024 Ineomlng r•gouree8 Re8oure•8 exponded Galn8 and At 31 Augu8t loMe8 2025 General funds 2,502,403 3,961.082 {4,457.836 26,947 2,032,596 Provlous yèar: At1 September 2023 Ineomlng sources Rtsourcts expended Galns and At 31 August losses 2024 General fvnds 2.840.181 4.202.922 {4.652.8611 112.161 2.502.403 OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 25 Analysis of net assets between funds Unrestrlcted Unrestrlcted fund¥ funds general deslgnated 2025 2025 Restrlcted funds Total 2025 2025 Fund balaneès at 31 August 2025 ar• rèpr•s•nt•d by.. Tangible assets 1.798.005 Investments 412.916 Current 8ssels1lli8bililies 149.0951 Long term liabilities 1129.2301 1.798.005 412,916 111,3691 1129,2301 22,373 15.353 2.032.5 22.373 15.353 2.070.322 Unr¢•trl¢t•d Unmtrl¢t¥d fund8 fund8 géneral d•8lgnat•d 2024 2024 R￿tr1¢ts￿ fund8 Total 2024 2024 Fund balanctr¥ It 31 Augu#t 2024 arn rnpTr¥ent¢d by: Tangible assets 941.974 Investments 1,621.505 Current assetsllliabilities 262.914 Long ténn Ilabilities 1323,9901 941,974 1,621,505 299,447 1323,9901 21,861 14,672 2,502.403 21,861 14,672 2,538,936 OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 26 Operating lease commitments At the reporting end date the charrtable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows". 2025 2024 Wlthin one year Between and five years 85,371 218,8C6 220,023 554,729 304,177 774,752 The School leased its propety from The cOng￿gatIon ol Sisters of Our Lady of Sion, "The Order, on a long term lease until August 2025. when the propety was purchased. Amounts re¢ogni$ed in SOFA as an expenstr during Ihtr perictyJ in rtrspe¢t of operating lease arrangement8 wèrè £158.05412024". £144,502). 27 R•lat•d paity trnn8aetlon8 Remuneratlon of key management personnel The remuneration of key management personnel, vtho are t1efined as key mèmbers of the s8nlor1è8dèrshlp team ￿th Sign￿cant influence. is as follows.. 2025 2024 Aggregate compensation 351,532 381,150 28 Cash labsorbed byygenerated from operatlons 202S 2024 Deficii for the year 1468,6141 1336,4841 Adjustments for.. Investment Income recognised in slalemenl of finanual ath"wts"es Gain on dispos81 ol tangible fixed a$5els Gain on disposal of investments Fair value gains and losse5 on investments Depreaation and impairment of langible fixed assets 116,8481 11001 126,9471 121,8561 11.2301 116,1291 19B,0321 169,107 189,780 Movements In working capital.. Decreasellincreasel in debtors Increasè in credrtors IDecreasellincrease in deferred Ir￿Me 77.255 17,070 1674.0271 126,5851 176,317 528.735 Cash labsorbed byvgenerated from operations 1902.4311 375.843 OUR LADY OF SION SCHOOL, WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 29 Analysis of changes in net funds The charitable company had no material debt during the year.