Oocus4n enveknpe ID.. F6350D5&1o9F4D7u4DF9A7PSlAEl Company registration No. 06799564 {England & Wales) Chaiity No. 1129180 Ascentis Company Limited by Guarantee Trustees, Report and Consolidated Financial Statements For The Year Ended 31 July 2025 111 AEUIVZTS 2110ff2026 COMPANIES HOUSE 4273 iffldepthider*E member ol centis Awafflina Or8anisar INTERNATIONAL
Doc4J%gn Envdwelo.. F63SOD5>1DgF4D7M4D¥8F9A97851AE1 ASCENTIS ICOMPANY LIMITED BY GUARANTEE) CONTENTS Page Charty reference and aéministrative details Trustees. annual rep1 Independent auditor's report lo the Members CCS01ated statement of financial activities (Inccwratin9 the income and expenditL*re account) Charity statement of finanaal actiw'ties finc£ffpornting Ihe incrne and expenditure a¢ntI 12 13 Consolh4ated balan¢e sheet 14 Charity balanee sheet 15 Conslidaled and chartty cash flow Statements 16 Notes lo the accounts 17
OooAgn Emielope IO". F635)DlDgF4D7B44D¢4F9Ag7B5IAE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2025 Reglstered charity namo Ascenlis Charity registration number 1129180 Company reglstration number 06799564 Principal oifi¢e Ascentis House 3 Mannin Way Caton Road Lancasler Lancashire LA1 3SW The Trust•es S Carli8le P C Wilkinson R Dav*s J Robinson W Robins(M) C Rawes Chief exècutive officer P C Wilkirtsofb Secreiary F Lugiano Auditor MHA 14 Mannin Way Lancaster LarKashire LA1 3SW
Oocusvjn Envelope ID.. Fo3500lO9F4D7u4o4F9A97851AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDEO 31 JULY 2025 The Iruslees have pleasure in presenting thew report and the financial statements of the group and charity for the year ended 31 July 2025. This report includes the requirements ofa directors, report as required by company law. The finanaal statements CoMY wth the Chariks Act 2011. the Companies Act 2006. the Memorandum and Articles of Association. and AccL)unting and Rerx)rting by Charitses.. Statement of Recommended Practi applicable to charities prepariry their accounts in accordance with Ihe Financial Reportsng Standard applicable in the UK and Republ of Ireland IFRS 1021. Reference and administrative details Reference and administrative details are slH)wn oll page 2 of these financial statements. The trustees The trustees who seryed the charity during ihe period were as follows.. S Carlisle P C Wilkinson R Davies A Rushlon (resigned 6 December 20241 J Robinson W Robinson M M¢Tague (resigned 20 May 20251 C Rawes {apsx)inted 20 May 20251 S¢ru¢turei governance and managem•nt Ascenlis is a ¢haritable company limited by gtjarantee 1067995641 incorporated on 23 January 2009 and registered Mrilh the charity ¢ommiwon 111291801 on 19 April 2009. The company was established under a memorandum of ass¢xiation whi¢h defjnes Ihe objects arK1 p)wers of the charitable company and is govemed under its arty'cles of assrxiation. In the event of the wmpany being wound up, the members are required to contribute an amount not exceeding £1. Recruitment and appointment of new truslees The 808rd of Trustees appc¥nts new trustees up to a rYNnimum of 5 indiwduals. The Search and Govemance Committee recommerKls candidates with appropriate skills for considwation to the Board. The twslees deteminé the remuneration of key managem1 tsonnel. InduCtn and tr8ining of new trustees New tnjstees meet the Group Chief ExeculNe Officer ICEOI and Company Secretary and a introduced to the staff. The services provided by Ascentis. and ils obj'ectives and strategy are discussed in detail. The new trusteè is issued wth an information pack ntainIng the flolng-. Responsibilities of Charity truslees emorandum and Arbcles of As5(Kiab¢)n Annual report and accounts Minutes of the last board rneeting Y8ar to date financial infomiation Schedule of Board meetings 8K)gr8phies of other Iruslees User guide and activation account for OnBoard
00cu9n Envelope ID.. F6350[&lD9F407D4¥F9A97851AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 OrganatIonal stwture Every Injstee must sign a Decjaration of WillThJness lo act as a Trustee of Ihe Chariiy before they are eligible to vote at any meeling of Ihe tnjstees. The InJslees must hold al leasl 2 meetings a year and Ihey are responSie for making strategic decisions. All trustees who have signed the 'Trustee of the Charity declaration have one vole on each issue at these meetings. Each issue may be delem)ined by a simple majority of voles Cast, with the Chainnan having a Sen or casling vole if necessary. The day to day runniThJ of the tharity is deated lo the Group CEO. who meets fofrnally wth his executive team on a regular basis. Related parties All related party transaclions entered into in the year are disdosed in the notes to the acclnts. There are no significant relatsonships any ¢)ther charities or organisations. except to ils own subsidiary. Alms. obi•ctives and activities. The objects of Ascentis are to promote and advan educatn and training of young persons and adults. To acthieve these objects. we aim to maintain and imw)ve our portfolKJ of educational qualificati$ and make them accessible to a wider range of client gmups. In this way, we can help young peop and adutts develop knowledge and 8equire new skills and have this fomialty recognised in the form of nationally or intemational recognised qualifications. We also support Ptjpils in primary and secondary schools through our tjyslexia, dyscakulia and mental heath an(J well-being inteNentbon S0ftMfa. We Teview our aims and acts'vilies eac year. This review looks at what has been achieved, the outcomes of our work in the previous 12 monlhs, and the SU$$ of our acti111e$ in delivering benefits to those we were sel up lo help. This review also helps to ensure that our aims ané aclNities remain focused on our stated objectives and purpose. We have referred to the guNJance contained in the Charity Commission's general 9uidance on public b8nefil when reviewing our aims and in planning our fijture activ$. In partKular, we. the trustees. have considered how the planned activities will conlrrbule to the aims that we have sel. All ourcharilable activilies focus on the promob.on advancernentof education and training and are undertaken to further our charitable purwses for the public bwfit. The main objectives and activities for the year were.. lo rationalise the qualificatn product portfolbo so as to focu5 on ovr areas of strengths and lo make those producls accessible to a wider client group across the UK and overseas. to expand our dyslexia. dyscalculia and mental health sothvare provisK)n to schools across UK and overseas. in parti¢vlar, the UAE: lo provide the optimal level of support to txjr clients.. trj strengthen our staffing and infraslructure with appropriate inveslmenL to maintain strong financial health.. to keep our staff safe and w911 and lo protect the charity as far as possible against the impacl of high inftation. Ascenlis ensures that every opportunity is taken lo promote its by maintaining a website, hoslng events in localions-across4he44K-anthoverseas-. an&diVer53tlvertisinsucTrtr8S-throgh e-maiFc8mpaIgn- The Trustees are pleased with the ¢harity's progress againsl the objeclives and in particular. recognise the very reasonable financial wrfomiance éespile the signth¢ant impact of the Cost-of-living crisis. Group income de¢ased marginally over the pVIouS year and the modest operating deficit was broadty in line with Ihe tsrget.
Docus¥n Envd)pe ID.. F635OD5&109F4D74Dl.BFgA978S1lE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) TRUSTEES. ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 STRATEGIC REPORT Achievements and perforniance This is Ascenlis. seventeenth year of operalion since the transfer of activities and assets from the Open College of the North West on 1 August 2009. We further reviewed the product p)rtfolio and revised it to prowde a clear fCS on our areas of strength during the year. As part of this, we expanded the markets for the key Ascentis oualrficatK>n prcKluds and our dyslexia, dys¢alculia and mental heatth inteNenlion software services across the UK and overseas. In ord8r lo improve effe¢b"veness, we Invested appropriately in our staffing base antj tT infrastrudure. This swnd staffing and IT infrastructure have enaeLl us to d4iver our slaled objecb.ves effethety. l of these actions in¢reased the organisation's atx.lty to CA"nue to prosper wrthin an exceplionalty challenging business environmert for the tharity and education sectors. Financial review Reserves policy We have examined the requiremellts for reserves in light of the main risks to the organisalion and have established a policy whereby the free reserves (not including those in use funding the tangible fixed assets held by the charity or those designated for other purposes) should be between 4 and 9 months of normal thaiitable expenditure. The forecasted charitable expenditure in 202512026 is approximately £7.1 m and therefore. the target reseNes are between £2.4m and £5.3m. The $Ve$ function as an impytsnt kX)tential financial buffer during this period against turbulence in the planning environment. This bjrbulence represents a constant challenge to the charity and the trustees. therefore. believe that it is Im[tant to mainlain reserves at a reasonable level. Total consolidated funds hekl at 31 July 2025 were £5.3m. After alh)w'ng for funds that can only be realised on disposal of a fix8d assets1£1.9ml. remaining tree reserves a £3.4m. which remains in line with the above policy. The charity has no Stricted funds Principal funding sotsrtes The principal sour¢e of income is from the registration and Certificatic of candidates qualifications developed and aCCOIted by the charity and the sale of associated leaming materials and also dyslexia. dyscalculia and mental health interventvjn Soare support service. The expenditu of the charity on qualrfication and intervention sothvare development. m¢xleration and quality control and centre recognition a11 ensure that the qualifications and services offered provide the required benefits to those accessing them. Plans for fLrtuo periods. Thè periotj since the incèption of the tharity has been extremety successful wth significant overall growth. as we have ached out lo a broader client base. Ch8nges in Govemment policy in recent years k411n9 to the funding available for educational qualtfiCatOnS represent a s1gnffjn1 ¢haltenge for the charity. iKJl as a sUIt of an effective plan skilfully implemenleL% by committed staff. the charity achieved an imwessive turnover in the year despite the signrficant irnpad of the cthi-of4iving crisis and restricted the operating deficit to a modest figure desprte significant in-year investment_ The Govemment policy changes wll continue lo psent 8 thalleftge to the charity and in the medium term, the target will be to maintain stability and continue to support our dients while achving further steady growih. The impact of negative funding poIY wll be mitigated ty further growth of qualifications not in scope of funding policy reviews an¢J growth of the subsidiary, IDLS.
Dc$an Envekjpe ID. F63S0olD9F407&44044F9978slAEl ASCENTIS {COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 The charity has approved a realstic but challenging set of targets in rts strategic plan. This commits the charity to an aspiration for achieving steady growth and to improving atl aspects of its activtty overthe 5-year period to 2029. Progress tOW8r¢Js this vision will be achieved by developing and maintaining a high-quality PK)rtfolio ol extemally regulated qualific8th)ns and assoaated leaming materiaLs, expanding the dienl base across the UK and overseas and providing schools, colleges, and employers wilh the opb.mum level of customer support. Sirnullaneously. the Dyslexia, Dyscalculia and Mental Health Inleryention Supput serwce delive through the wholly owned subsidiary company IDLS Ltd. wll be expanded Io 811 regw)ns of the UK and to specific overseas Tnarkets and new products will be developed for laun¢h in the USA from Spring 2026. Where appropriate. Ascentis wll seek to achieve growth through the acquisition of smaller companies where such acquisiiions are judged lo represent sound investment for the charity- Any suipluses generated ¥wll be Teinvested in slaffing and organisation's Infrastructu so that the v1 of resourong is 8N¥ays sufficient to deliver a 9d service. The corpM)rate objectives for the 202&26 year are as follows: 1. Ralionalise our pffUCt portldio to enhance sustain8bility. mMise potents'al and improve capaaly for new product developments. 2. Devek)p a structured intemational Strategy and alKJn reswrces accordingty. 3. Continually enhance our approach lo financial plaming and analysis. 4. Aln our people %wth our growth plans through strategic workforce anning. embed ernpkjyee ero8gement strategies to drive performance. and enhance our ccffipany values. 5. Mitigate intemal and extemal risks an(J ensu@ cnplI8nce wlh all regulators, legal requirements and stakeholders. 6. Create and implement a digilal transfomiation strategy to maximise efficiency and effecliveness through the use of ¢Jigilal lechTh)logy. 7. Maintain an exlIent cLtomer experwe by c(M)b"nuously analysing and meeting our customers. evolving needs. Principal ri$k$ and uncertainties Risk management The major risks to whi¢h the charity is exposed are reviewed and sel oul in the Business Continuity Plan. together with the systems established to miligate those risks. Currently. the most signrficant medium-lerm risk is eonsidereé to be the impact of changing government policy in relation 10 the funding of qualificatsons. An additional more recent risk relates to the rewitrnent and retention of staff, with Ihe charrty having to compete with larger cornpans offering increased salaries and the optk)n for homeworking. Currently, all risks are being successfully managed.
Dlwsign Envdope 10.. F63D5&10$F4O7&84DF9A9TF51Ael ASCENTIS (COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Responsibilities of the trustees The Injstees {who are also the directots of Ascenkn"s for Ihe purposes of company lawl are responsible for preparing the Trustees Annual Report and the financial staternents in accordan with applicable law and regulations. Company kqw requires the trustees to prepare finanual ststements for each finarrial year. Under that law the trustees have elected to prepare the financial statements in ac£Ordan with Uniled Kingdom Generally Accepted Accounting Practice (United Kingd7 Ac£ounting Standards and applicable lawl. Under company law the trustèes musl not approve the finanu81 statements unless they are sats"sfied thai they gNe a true and fair view of the stste of affairs ol the charitable company and the group and Ihe income and expenditure of the charitable company for that period. In preparing these financrdl statemefits. the Injstees a required lo= select suitable accounting poliaes and then appty them consistentty observe the Meth(lS and principles in the Charities Siatemenl of Recommended Practice {SORPI make ju¢Jgèmgnts and accounting estimates that are reasonable and prudent stsle whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements prepare the financial slalements on Ihe going CLInM basis unsS it is inappropriate to presurrie that the group will conbnue in operalK)n The trustees are responsible for keeping adequate accounting records that 8re svfficienl to show and explain the charitable company's and group's transacb.ons and disclose with reasonable accuracy al any lime the financial posib.on of the group and enable them lo ensure that the finanaal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and hence f¢Y taking reasonable steps for the prevenlKJn and deleekn of fraud arKI other wregularities. Auditor MHA ouS traded thrcwjgh the legal entity Maclnwe Hudson LLP. In response to regulatory changes. Maclnlyre Hudson ceased to hold an audit registrats.on wth the engagement transttKining to MHA Audit Services LLP. MHA have indicated their willingness to be reappoinled as statutory auditors. Each of the persons who is a tnjstee at the date of approval of thi8 report confimis that.. So far as they a aware there is no relevanl audit informats.on of whbch the group's auditor is unaware,. and each tnjslee has taken all steps that they ought to have taken as 3 Iwstee to make themselves aware of any revant audit information and to establish that the group's auditor is aware of that infom)ation. Approval By approving the Irustees rert the trustees are also approving Ihe strateoic report in their capacity as company directors. Signed on beh81f of the trustees Mr P C Wilkinson Tru51ee December 17, 2025
Enveknpe ID.. F63s0l09F40764o*eF9A97BS}AEl ASCENTIS (COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ASCENTIS FOR THE YEAR ENDED 31 JULY 2025 Opinion We have audited the financial statements of As¢entis (the 'parenl charitable company'l and ils subsidiary (the 'group'l for the year ended 31 July 2025 which c<)mprise of the Consolidaleo Statement of Finanaal Acts'vities. Charity $teMent of Financial Actmties. Consolidated Balance Sheet. Charity 8alance Sheet. Consolidated and Charity Cash Flow Slalements and notes to the financial ststements. including a summary of significant accounting policies. The financial reporting framewort( that has been applied in their preparation is applicable law and United Kingdom Accounting Siandards. induding Financial Reporbng Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generalty Accepted Accounting Practice). In our opinion the financial ststements". give a true and fair wewof the stsle ofthe group's armj pant charitable company's affairs as al 31 July 2025. and of the group's trKoming resources and application of resources. induding ts income and expenditure, for the year then ended: have been property prepared in accordance with United Kingth)m Generally Accepted Accounting Practi. and have been prepared in accordance th the wuirements of the Charities Act 2011. Ba$1$ for opinion We conducted our audit in accordance with Intema"onaI Siandards on Audib"ng IUKI IISAS (UK)) and applicable law. Our responsibilities under those slandards a fvrther described in the auditorfs responsibilities for the audit of the financial statements secb.on of our report. We are independent of the group ant1 pant charitable company in accordance wlh Ihe ethical requirements that are relevant to wr aLKlit of the financial slalements in the UK. including the FRC'S Ethical Standard. and we have fUilled our Olher ethical responsibilitie5 in accordance with these requirernents. We believe Ih8t the audit evidence we have obtained 15 sufficient and appropriate lo provide a basis lor OUT opinion. Conclusions relating to going Cofbcern In auditing the financial stslements. we have concluded thal the trustees, use of the going concem basis of accounting in ihe preparation of Ihe finanual Stsiements is appropriate. Based on the wofk we have perfomied. we have not tdenttfied any material ijncertainlies relating to events or conditions that, indiwdually or colleclivety. may cast signffjicanl doubl on the group and parent charitable cornpany's ability lo ¢ontinue as a going concem for a period of at least trve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibililies of thè tmslees I1h respect to going are described in the relevant seclions of this report.
Docu$iqn Emidop8 ID.. F63500logFD7U4DF9A97Bs1AEl ASCENTIS (COMPANY LIMITED BY GUARANTEE) INDEPENOENT AUDITOR'S REPORT TO THE MEMBERS OF ASCENTIS {CONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Other inforniation The other informats.on comprises the infomation included in the trustees. annual report, other Ihan the finanaal ststements and our auditorfs report Ihereorb. The truslees are respw)nsible for the other infomatson. Our opinion cKh the financial statements does not Cover the other informalion and we do not express any fom of assurance condusion thereon. Our responsibilily is to read the olher informalion and. in doing so. consider whether the other informalion is materially inconsistent with the financial sialemenls or our knowledge obtained in the course of the audit or othetwise appears lo be materrally misstaled. If we hlentify such material inconsistencies or apparent material misstatements. we are required lo detemiine whelher this gives rise to a material misststement in the financial statements themselves. If, based on the Wofk we have performed. we conclude that Ihere is a rnaterial misststemenl uf this other informalw, we a required to rep(¥t that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of the foNowing matters rn relalron to which the Charitigs IAccounls and Repjrtsl regulation 2008 requi us to rert to you rf. in t1r opinn. the infomialion gwen in the trustees. annual P)rt is ine$1$tent in any material respect with the financial ststerrtents.. or sufficient accc¥Jnting red$ have not been kepl: or the financial statements are noi agreement wlh the aCcjnIMg reeords.. or we have not reeewed all the informaiion and explanaiions we require for our audJ"t. Responsibilities of trustees As explained more fully in the trustees. sponsIbl11t1es st81ement sel out on page 7, the trustees (who are also the directors of the charitable company for the purposes of Company lawl are sponsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the Iruslees determine is necessary lo enabte Ihe weparathjn of financial statements that are free from material misslalement. whether due io fr3ud or error. In preparing the financial statements, the trustees are reswnsible for assessing the group and parent Charitable company's ability to continue as a going con¢em, disclosing. as applicable, mallers relaieé lo going concern and using the going con¢em basis of accountTrng unless the trustees etther intend lo liquidatè charitab2 company or to cease operations. or have no realistic altemative but lo do so.
Clo¢vn Envew ID." F639)D5>109F4D7&84044F9A97B51AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ASCENTIS {CONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Audltor's responsibilities for th• audlt of the financial statements We have been appointed as auditor under section 151 of Ihe Charities Acl 2011 and retKJrt in accordance with the Act and relevanl reguLAtions made or having effect thereuThJer. Our objectives are to obtain reasonable assuran abcHJt whether the financial statements as a whole are free from material misstatement. whether due lo fraud or error, and to issue an auditorfs report that includes our opinion. Reason8bJe assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI wll aK¥ays delect a malerial misstatement when it exists. Misstatements can arise Irom fraud or error and are consmlered material if. indivhdually or in the aggregate, they coukl reasonably be expected to influence the econom deasK)ns of users taken the basis of these fin8ncial ststements. Irregularities, including fraud. a instances of non-complrance wlh laws and regulaiions. We design procedures in line with our sponsibl1111e$, outlined above. lo detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures a capable of delecling regulatIeS. including fraud is delailed bejow.. Enquiries wth the board about any known or suspected instsnces of non*compliance wilh laws regulations. including ffaud", Challenging assumptions and judgements rnade by the board in their signifunl a¢counlin9 estimates.. evaluation of the risk of managernent override of controls and subsequent lesling, including through testing journal entries and other adjustments for appropriateness-, Auditing the risk of fraud in income by way of Cut off teskn"ng. testing the deferral of income, 8$ well as income transaction testing to obtain evidence that income is complete and recognised n the correct accounting ria,. An evaluation of the charitsble ¢ompanWs intemal control ¢nriN}Ment,. and A review of board minLrtes. Because of the inherent limitations of an audit. there 15 8 rtsk that we wll not detect all irregularities. induding Ihose adIng lo a rnaterial misstatement in the financial siatements or non-compliance with regulation. This risk increases the more Ihat cofftpltance with a laworwulatron is removed from Ihe events and Iransactiofts llected in the financial sialements, as we wll be less likely to become awa of instances of non-compliance. The risk is also greater regarding irregularitS occurring due to fraud rather than error. as fraLKI involves intenb"on31 concealment, forgery, Collusion. ornission or Misrepsentsti0n_ A further description of our resp)nsibilities is available on ihe Financial Reporting Council's website at.. htt s'.IlwMv.frc.o .uklauditorslaudit-assurancelauditor-s-res nsibililies-for-th udtt- f-th -fildesori tw)n-of- the-audItoE2°kn80099S.reS sibilities-for. This description forms part of our auditor's report. -10-
DtsrA1gn EnvekJpe10.. F63500lo9F4D7B4o¥BF9A97BS1AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) INOEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ASCENns (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Use of our report This report is made solety to the charitable company's trustees. as a body. accordance with Part 4 of the Charities (Accovnls and Reports} Regulations 2008. Our au¢Jit wod( has been undertaken so that we might stale to Ihe charitable company's trustees those matters we are require(1 to stste to thèm in an auditorfs report and for no olher purpose. To the fullest extent pemiitted by law, we do rK)t accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body. for our audrt work, for this report. or for the opinions we have formed. MMA MHA Istatijtory Auditor) 14 Mannin Way Lancaster Lancashire LA1 3SW January 5. 2026 MHA is the trading narne of hIa¢1nty Hudson LLP. a limiled liability partnership in England and Wales Iregistered number OC4555421. MHA is eligible for apwnlment as auditor of the charity by wrtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
rk)cusign Emidopelo.. F63KJ05&109F4D7U4OF9A97B5IAE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JULY 2025 Unrestricted R•stricled Totsl fvnds funds 2025 Total funds 2024 comè from: CharilatrAe acti¥4ties InTrnts Q462,198 907 461198 64,907 6,727.131 68,252 Tolal 527.105 527.105 6,795.383 Expènditure on: Charit£tle actimties 7.210,288 7.210.288 6.861,534 Total 7.210.288 7.210.288 6,861.534 Net {expendlturel before other gains 1683.183) (683,1831 166.151} NÈt gains ci investrnts 45.153 45.153 Net lexpenditurel before transfers {6340301 {638,0301 {66,1511 Transfers beh*n funds Net m0ment in funds 1638.030) (638.0301 (66.151) Recondllatlon of funds: Total fvnds trought fiJM¢rd &985.487 5.985.487 6,051.638 Total fvn<ts ¢arrled forward S347,457 4347,457 5,985,487 The Slalement of Financial ACtIwt indudes all recx)gnised gains an(J losses in the year. All of the above amoun15 relate to continuing activities. T.he-sta1ement-onanaal-aCtMIieS-21S{omplles"th-the"requIremen"for"3rrinCOrne-and-eXPen.dlt account under the Companies Act 2006. The notes on pages 17 to 35 form part of these financial statements. -12-
Orxusign En 10.. F635005&109F4D7B-84t)44F9A97851A£1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) CHARITY STATEMENT OF FINANCIAL ACTMTIES {INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JULY 2025 Unrestricted Restricted Total fvnds funds nds 2025 Tolal funds 2024 corna from: Charitsbk aCtItieS Intrn2nts Cther 4.956.152 61.975 17.712 4.9¥152 61,975 17.712 5.143.720 68,252 18.160 Total S.035.839 5.035.839 5.230.132 Expenditure on: charitab actimbes 4741951 5.743,951 5.427,904 Total 4743,951 5.741951 5,427.904 Net (expenditurè) bts• othor galns (708.1121 (708.1121 (197.7721 t galns on investrwts 45.153 45.153 Net {expendituY•) before transfers (661959) {662,959) 1197,772) Transfers bets**en funds mcN•mènt in funds (662.959 (662.959) (197,7721 Rèconciliation of funds: Total furKls brcwht foT¥wd 6.113.991 6.113.991 6,311,763 Total funds carried forward 5,451,032 5.451.032 6,113.991 The Statement of Financial Activities include5 all recognised gains and l¢)sses in the year. All of the atrKJve amounls relate to continuing actmtses. The statement of finanual activities also c(Knplies with Ihe requirements for an income and expenditure account under the Companies Act 2006. The note5 on pages 17 to 35 fomi part of these finanual statements. -13-
DroJs*Jn Etwekjpe ID.. F635005&1ttsF4D7WD44FW7B51AE1 ASCENTIS {COMPANY LIMITED BY GUARANTEE) CONSOLIDATEO BALANCE SHEET AS AT 31 JULY 2025 2025 2024 Fixed assets Tangi&4e assets IntangitrAe assets Instr& 11 12 13 976,855 942.663 1.045,153 1,147,097 820.154 1964671 1.967.251 Currerrt •ssets Debtors Cash at bank arKJ in hand 14 594,233 2.495.784 887.893 3.844.801 3.09).017 4.732,694 Credltors". amyJnts f3rg due within one year 16 {707,231) (714.458) Nel current assets 2,382.786 4,018,236 Total assets less current liabilititis 4347.457 5.985.487 Provlslons for l&blllti¢s Net assets 5.347.457 5.985.487 Funds: Lknrestricted funds 18 4347.457 5.985.487 Total funds 5.347.457 5.985,487 These 8¢counts were approved by Ihe members of the Committee and authorised for issue on the DeMtser 17,.zqa&re signed on their behaff by. MrPCWIl Truste• Company Registration Number: 06799564 The notes on pages 17 10 35 fLYm part of these finanoal statements. -14-
Envelope ID.. F635oDS&1D4078-84DF9A97B5IEl ASCENTIS (COMPANY LIMITED BY GUARANTEE) CHARrrY BALANCE SHEET AS AT 31 JULY 2025 2025 2024 Fixed assets Tangli assets IntsngIb a&8els Inlents 11 12 13 972.$80 691,251 1.045.153 1. 140.685 693,982 1708,964 1.834,667 Currem ass3 Debtors 14 15 918.185 1, 182.428 Cash at Oank axl in hand 2.486.728 3.773,548 3,404.915 4.955,978 Creditors: aAUnts falfing due wthin one year 16 (w86n 1676.654) Net current as59ts 2.742,048 4.279,324 Total assets less current Sabilities 4451.032 6,113,991 Provisions for liabilities Net assets S451.032 6.113.991 Funds: lthrestri¢ted funds 18 &451.032 6.113.991 Total funds 5.451,032 6, 113.991 These accounts werè approved ty the members of the cMmIttee and authorised for issue on p61 Mr P C Wilkinson Trustee Company Registration Number: 06799564 The notes on pages 17 to 35 fomi part of Ihese finanaal ststements.
DO$19n Envelcpe10.. F6350055-10gF4D7W04.8F9A97B51AE1 ASCENTIS {COMPANY LIMITED BY GUARANTEE) CONSOLIDATED AND CHARITY CASH FLOW STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Group 2025 Total oup 2024 Total Charity 2025 Total Charity 2024 Totsl Cash (used) in operating actlvilies 140.933) (91,352) (178,41n 1151,7351 Casmlows from Investing activities Instment income Purchase of tsrO1b fix£d assets Purchase of intangible fi)ed assets Purchase cl in$trents Prtxeeds frcmn disposa of assets 68.252 61,975 68.252 {136.824) {e6.7841 1136,8241 {60.3721 1279.167) {329.Cfj3) {76,554) 1302,9S)I 1993.489) (993.489} Cash {usedl in InNtsting actr¥ilies {1.301.573) 1327.5951 11.101,8921 1295.os)I (Decrease) in cash and cash equivalenls in the year (1.3415061 {418.947) 11.280.309) {446.785) Cash and cash e(pJivaknls foThw(I 3.841801 4.263.748 3,773.548 4.220.&33 Cash and cash equivalents Tried forward 2,502,295 3.844.801 2.493.239 3.773.548 Reconciliatlon of net movemenl in funds to nal cashfiw from oper*kng admtles Net rr)t in fijnds Imestrnenl Incon reCeId Depreei8tion and awrtisatic¥) Ilncre8seydecrease in debtors Increaselldecrease) in cr&litors Loss on dispwl of fiy£d a&8ets IG3inl on reKolUatiC of IntrnIS 1638.030) {SS.151} (662,9591 {197.7721 164,90n (68,2521 (61,9751 168.2521 395.304 339,9)8 380.993 311.434 293.660 (340.2941 199,044 {215,2451 {7,22n 38.233 113,7871 18,100 2S.420 5.204 25.420 141153 145.1531 Nei cash {usedl in operating activiiies (40.9331 (91,3521 {17&41n (151,7351 0mponentS4f.$lpan&¢aSh.eq1valen1 Cash at bank and in hand Cash held at In1nl Lyokers 1495784 3.844.801 6.511 1486.728 6,511 3.773.548 1501295 3.844.801 1493.239 3.773.548 The notes on pages 17 to 34 fom part of these finanual slatements. -1
OocuswJn Env8bpe ID.. F63s(KJlDgF4D?84l)44F9As7BS1AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accountlng policies Legal forni Ascenlis is a Tegistered charity arKI a limited 1panY. limited by guaranlee. as defined by the Companies Act 2006, incorporated in England and Wales. In Ihe event of the charity being wound up, Ihe liability in respect of Ihe guarantee is limited ¢0 £1 per member of the charity- The registered office of the ¢harity, the nature of its operatM?ns a1 its prinopal actiwti.es are all detailed in the charity administrative detsils of these finanaal ststemenls. 8asi$ of preparatlon AsGenlis meets the definibon of a publi¢ benefit entity under FRS102. The finanoal statements have been prepared in accorOan¢e th Accountin9 and Reporting by Charities". Statement of RernMended Pradi¢e applicable lo charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021- (Charities SORP IFRS 10211. the Financial Reporting Standard applicèble in the UK and Republtc of Ireland IFRS 1021, the Charilies Act 2011 and the Companie5 Act 2006_ The financial ststements are prepare(J in sterfing. whh is the fun(aion81 currency of Ihe charity. Monetary amounts are rounded lo the nearest £. The finanaal slalernents have been prepared on a goirwJ concem basis under the historical cost nventiOn. Thg particular accounbng poliaes adopted by the Irustees are de5cyibed below. These wlicies have b&en ctmsistently applied to all years presented unless olhewse stated. The consolidated accounts of the group incorporate the accounts of Ascenlis fihe Charity'} and its wholly owned subsidiary. Internalional Dyslexia Learnin9 Solutions LimrteLI. The Slts of the subsidiary are consolidated on a ne*y-line bays. Preparation of the accounts on • going concern basis The trustees assess whether the use of going concem is appropriare i.e whether there are any material uncertainties related to events or conditions that May cast signrficant doubt on the ability of the charity to conts'nue as a going concem. The trustees make this assessmenl in pect of a period of al least one year from the dale of authorisalion for issue of the finanual statements and have concluded thal the charity ha5 adequate resources lo continue in operational existence for the foreseeable fvture and there are no malerial uncertainlie5 about the charity's ability lo continue as a going concern, thus they continue adopt the going concem basis of accounting in preparing the financAal statements. Income Registratkjn and c£rbfirats'on fees are recognised over ihe periLwJ lo they relaie. Where course regislr8tion income spans the finanaal year end. the Charity has a piCY of deferring 112 or 213rds of SLth inCMe to the wnl of Ce.fiCation. where Ihe Charity incjjrs the cosis of moderdtion. IDLS Leaming income represents amunts receivable for serVS net of VAT and trade discounts. Turnover from the sale or renewal of literacy and numeracy licences is recognised on purchase by Ihe customer on the basis that there is no recourse of such income and the risks and rewards have transferred to the buyer. Inveslmenl income is L¥ediled lo the statement of financial actiwties in the pericKI in whth it becomes receivable. -17-
DSIgn Enveknpa ID". F6350D55-10gF4D7WD44F9A97B51AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThE YEAR ENDED 31 JULY 2025 Accounting poll¢ies {contlnuedl Other 9rants receivable represent income from trading grants and other grants. A grant that speufies perfomian¢ conditions is recognised in income when Ihe performance ccditIOnS are mel. Where a grant does not specify performance conditions rt is recognised in income when the proceeds are receNed or recewable. A grant received before ihe recognition txteria are sats.sfd is re¢cgnised as a liability- Expenditur¢ Afi expenditure is accounted foron an accruals basis in the expense categories required by the SORP. Expenditure is recognised where there is a legal or ¢¢StruCtive oblatIon to make payments to third pa'e$, it is probable that the settlement will be required and ihe amount of ihe obligatson can bè measured reliably. Costs are further allocaled beNveen the activityes Lbndertaken on a basis consistent wrth the use of the resources. Expenditure includes irrecoverable VAT. Charitable expenditure indudes costs incJJrred in the (lelivery of the charity's activities 8nd servi. It includes both direcl costs, induding stsff c05ls, that are inojrred in Ihe delivery of Ihe aclivit*s and services and indirect costs which are required lo support Ihe delivery of the Charitsble obJ"ects. Costs of raising funds include those CA)sts In relation to the charty's operations which are used lo generate furth8r income which is iniegral lo the charity in meeting its Charitab objecttves. Where support $ts cannot be directfy attributed to particuLar headings they have been allocated to cost of raising funds and expen(Jitu on tharitable adivities on a tjasis consistent use of the resources. Fixed assets All fixed assets are initially reded al cost. DerKeciatTon is ¢wovided al rates calculated lo write off the cost of fixed 8ssels. less their reshlual vakje. over their expected useful INes on tt)e folk)W9 bases.. Office eqvipmeni Fixtures and fittings Motor vehicles Propety improvements 3 10 5 years 5 to 7 yeays 5 years {prevh?usly 3 years) 5t0 15years In the year ihe Trustees assessed that the useful lrfe of moky vehicles shoukl be increased to 5 yea. with the revised rate being applietl for the year ended 31 Juty 2025 and beyMd. Amortisation Amortisation is calujlaled so as lo Wle off the cost of the ass. less its estimate residual value, over the useful economic life of that asset once brought into Uge as folknws.. Website costs Development costs Intellectual property 3 years 3 to 5 yeaFS 10 years Invostrnents Investrnents are recognised initially at fair v81ue which is normally the transaction price excluding transaCtn costs. Inveslments are subsequently stated at fair value if Ihe shares are publicty traded or Iheir fair value can olherwise be measured reliably. Other investments, such as the investrnent in the subsKliary. are measured al cost less impairment. The SOFA incjtjded the net gains and losses arising on revaluations and tlisposals throughout the year. -18-
QoGu5vJn ID.. F635)D55-1D9F4D7W044F9A97B51AE1 ASCENTIS {COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENOED 31 JULY2025 A¢counting policies (continued) Cash and ¢ash equivalents Cash balances represent C8sh in hand and deposits hekl at banks and building sorielies. Debtors and Creditors within onè yÈar Debtors and creditors with no stated intet rate and receivable and payab within one year are recorded at transaction price. Any losses arising from impairmeni are CogniSed in expenditure. Fund accounting unstricted fvnds General funds are 8vailable for use at the discretion of the Trustees in furtherance of the general objectives of the charity_ Restricted funds Restricted funds arise where the is a donor-imposed triCt10n on the use of the funds. or the funds have arisen in response lo an appeal for a specified purpose. The chartty eurrentty has no restricted funds. Operatin9 lease agreements Rentals applicable to operating leases where substsnti?ty all of the benefits and risks of ownership rna1n with the lessor are charged against profits on a slraighl-line basis over the per of the lease. Pensions Ascentis opeTales a defined contribution pension scheme for employees of the group. The assets of the scheme are held separately from those of the charity. The annual contributions payable are charged to the statement of financial actmties. Redundancy costs Redundancy wsts are expensed when the liabilty payment of such costs is incurred. Taxatlon HM Revenue & Customs considers Ascentis to be a charity and thf0 they are entitled to exemption from lax afforded by Sections 478489 of the Corporation Taxes Act 2010 to the extent that InMe is applied exclusively for charitable purposes. Foreign currencies Assets and liabilities in fOIgn CUrrerje5 are tr8nslaled into sterling at the rates of exchange ruling 81 the ba18n Sheet date. Transactions in foreign currencies are transLaled into slerling al the rate of exchange ruling at the date of transaction. Exchange differences are taken inio account in arriving at the operating profil. -1
OoGusvJn EnveK)pe ID.. Fs3101D9F4O7O4-FgA978SlAEI ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEO) FOR THE YEAR ENDED 31 JULY 2025 Accounting policles {continued Financial instruments The Charity has elected lo appty ihe rKowSnS of SectK)n 11 '8asic Financial Insirumenls. and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instrumenls. Financial in51rumenls are recognised in the Charty's balance sheet when rhe Charity becomes paty lo conlradual prowsions of the instrument. Financial assets and liabilities are offset, with the net arnounts presented in the financial statements, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net ljasis or lo realise the asset and settle the liability simultaneousty. Basic finanual assets 88si¢ financial assets. which include deb and cash and bank baL8nces, are initialty measured at transaction price including Iransa¢tion costs and are subsequenlly carried at amort¢sed Cost using the effects've interest method unless the arrangement c4Jnslrtutes a financing IransactiM. where the iransaction is measured al the present value of the fLrture receipts discounied at a market rale of interest. Finanual assets dassified as receivable wthin one year are noi aM0se. Trade debtors and other receivables Ihat have fixed or determinable payments Ihat are not quoted in an aclwe market are classified as'bans and receivables.. Loans and receivables are measured at amortised c05t Using the effective interest method, less any Impaient. Impaim7ent of financial asssts Financial assets are assessed indicators of ImpalmnI at each reporting end date. Financial assets are impaired where the is 0tr4ective evpdence that. as a result of one or more events that occurred after the initial recognib'on of the finanaal asset. the estimated future cash flows have been affected. If an asset is impaired. the impairment Ioss is Ihe ijtfference ben the carryng amount and the psent value ofthe estimated cash flow5 discounted ai the asset's original effedive interest rate. The impaimient Ioss 15 recognised in Ihe stalemenl of comprehensive income. If there is a decrease in the impairment loss arisrng from an event occurring after the impaimeni was cOgnISed, the impairment is reversed. The reversal is such that Ihe CUent carrying amount does not exceed wh81 the Carrying amount would have been. h3d the impairment not previously been recognised. The impairment reversal is recognised in Ihe ststemenl of c(wnprehensNe income. De-recognilion of financ1 assets Financial assets are (Jerecognised only wt*n the (x)ntractual rights to the cash flows from the asset expire or are settled. or when the rxjmpany transfers the financial asset and substanlialty all the risks and rewards of ownership to another entity. OT if some SnnI risks and rewards of ownership are reiained bul control of the asset has anSfe&d-l0Trh0ther parthriSb1e-t0lie7sset-iryi-entsrety.t0-an-thnrelaIed-thlrd-3ty. classrfati0n of linancial li8bilitss FinancAal liabilitses are classnled according to the substance of the eoniraetual arrangements entered into.
QocusvJn EnveN)Fe10.. F635JD5&1D9F4D78-84D4BF9A97B51AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Accountlng pollcles Icontlnued Basic fin8nci8l1i8bilits Basic financial liabilities. including creditors. are inilialty recognised at transaction price unless the arrangement eonstitutes a financing transaction. where the debt instrumenl is measured at the present value of thefuture receipts discounted at a market rate of inlerest. Financial liabilities dassrfied as payab thin one year are not amortised. Debt instruments are subsequently carrièd at amorts'sed cost, using the effective interest rate method. Trade ditorS are obligations to pay for glJ$ or serv$ Ihal have b8en acqurred in the ordinary course of business from supsjiers. Amounts payable are dassrfied as current liabilrties rf payment is due within one year or less. If not, they are presented as non-ujrrenl liabilrties. Trade creditors are rec4Jgnised wiib.alfy al transacts'on price and subsequenlty meaSUd at amortlsed cost using the effeclive Inte$1 rnelhod. De-recogn1th of financi81 lbilit$ Financial liabilities are dwe(y)gnised when the ccffnpany's wntrathal oblbgations expire or are discharged or cancelled. Judgements and key sources of estimation uncertainty In the application of the Charity's accounting poltaes. the Iwstees are required to make judgements. estimates and assumptions about the carrying amounts of assels and liabilities that are not readily apparent from olher sources. The estimates and associated assumptions are based on historical experience and other factors that are c¢)nsideied to be relevant. Aclual results may differ from these estimates. The eslimat8s and underfying assumptK)ns are reviewed on an on90ing basis. R8visions to accounting estimates are rectyjnised in the period in which the estimale is rewsed where the rewsion affects only that pericd. u in the period of the revision and future penods where the revisi affeds tw)th ojrrenl and future pgriods. Key assumptlons, judgements and estimates Income recognition As staled in the accounting pdicies on page 17. Ihe Charity has a p)liw ofdeferring income for course registrations which span the year end until the point of cértthcation where the charity incurs thé costs of M11er3tl0n. The Trustees have determined that it is appropriale lo defer 112 or 213rds of inwne for rxsLtrse registration fees to this date on the basis that th8 tharity incuts most of its costs at this wnt in b'me. The Trustees have also delemiineo Ihat turnover from the sale renewal of literacy and numeracy licences is recognised on purchase by the customer on the basis that there is no recourse of such income and the risks and rewards have tran5feThed lo the buyer. The Trustees revtew these assumptions on an ¢)ngoir4J basis. arbd they have been consislenuy applied in all periods. There have been no other key assumptions eL)nceming futUfÈ and other key source5 of eslimaD"on uncertsinty at the reporting dale that have a signifieant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the ne financi81 year. -21-
Docu8wn Env6kye ID.. F6350D5&109F407B44D48FgA97B51AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENOED 31 JULY 2025 Income from charitable activities Group Unrnstricted Restricted funds funds Total 2025 Total 2024 Awarding qualificati¢3n income IDLS income 4,956.152 1.506.046 4956.152 1,506,046 5,143,720 1.583,411 6.462.198 6,462.198 6.727,131 Charity Awarding qualification income 4.956.152 4,956,152 5.143.720 4,956,152 4.956,152 5.143,720 All income from charitable activiti.es in the comparative perthj was unrestri¢te(J. Income from investments Group Unrestricted Re5trided funds funds Total 2025 Total 2024 Awardin9 qualfficatKJn income IDLS income 4.956.152 1.506.046 4.956,152 1.506.046 5,143,720 1,583.411 6,462,198 6.462.198 6.727,131 Charity Awarding qualificalK)n incL¥ne 4.956.152 4.956,152 5,143.720 4,956,152 4.9%,152 5.143.720 l inrne from investments in Ihe comparats.ve perioj was unrestricted. -22-
OprAJSi Envek)pe ID.. F639)055-109F4D78-8404BF9A97B51AEI ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Other income Group Vnrestri¢ted Restricted funds funds Total 2025 Total 2024 Grant income Charlty Unrestricted Restricted funds funds Total 2025 Total 2024 Grant income Interest on group loan 17.712 17.712 18,160 17,712 17,712 18.160 l other income in the comparalive peri¢yJ was Unrestrted. In¢ome from subsidiary's trading a¢tivitses 2025 2024 International Dyslexia Learning Sokrtlons Llned (Crnny No. Turnover Cost of sa 1.506.047 (776.3981 1,583,411 {806.1341 Gros$ pr{1110$s) 729.649 777,277 Adminislration costs {692,915) {642.5211 Operatlng profftl(loss) 3Q734 134.756 Interest aNJ siffiL4r in¢on Inlerest payba and &rrilar e>penses 2.932 {17.712) {18.1601 Profrtlllossl bèfore dMrable donatlon 21.954 116.596 Assèts Liabilities 39Q754 275.703 {500,331) (401,2341 Share capttal and res•rves (103,5171 (125,531) -2&
Dwspjn Envdope ID.. F63%)D5>1D9F407WtM4F9A97B51AEI ASCENTIS (COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Expendlture on charitable actlvtties Group Promotion of education and Iraining Unre$lri¢ted Restri¢ted Total 2025 Total 2024 Costs of generating awarding quaI[fatiOn income Costs of generating IDLS in¢(Nne Support costs (see note 8) 2.850,401 961,491 3,398.396 2,850.401 961,491 3,398,396 2.883,722 958,023 3.019,789 7.210,288 7,210,288 6.861,534 Charlty Total 2025 Total 2024 Unrestricted Restricted Costs of generaling awardin9 qualificat income Support costs (see note 8) 2.850.401 2,893.550 2,850.401 2,889,S7 2,893,550 2,537,997 5.743.951 5.743,951 5,427.904 All expendrture on charitable activiti.es in Ihe comparative peric4J was unrestricted for both Group and Charity. -24-
Docusww Envelope ID. F6WD55-1DgF4D7U4D4FgA9?851AEl ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Support costs Group Charttable activities Total 2025 Total 2024 Wages an¢J salaries Rent Rates and water Light and heat Repairs and maintenance Insurance Health and safety Consultancy fees Telephone Printing, postage and stationary Depreciation Arnortisation Information Technobgy Conference costs Sundry exp6ns8S Bank charges Bad debts Loss on disposal of fixed assets Profit on foreign exchange Accountancy fees Audit Fees Legal fees Professional subscriptions Disallowable VAT Recharges Intercompany te off 1.371.829 258.759 26.727 44.143 58.058 43.774 4.069 59.994 9.886 3.454 238,646 156.658 558,344 1,371,829 258.759 26.727 44.143 58.058 43.774 4,069 59.994 9,886 3,454 238,646 156,658 558.344 56,830 163.921 5,283 35.327 25.42Q 161 16.032 18.600 20.006 2,469 223.146 1.319,680 258.758 20.547 34.878 75,195 39,933 10.536 72,570 8,362 4,829 240,792 99,116 556,684 49.054 153.529 13.292 {2791 5,204 12} 17,286 19,740 18,046 2.039 163,921 5.283 35.327 25.420 16 16.032 18.600 20.008 2.469 223.146 2.975 2.975 Totsl support casts lor group 3.398.396 3,398.396 3.019.789 -2
Dr£19Th EnvekpB 10.. F639JDS&10gF4D7&8404.8FgA97B51AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Support costs l¢ontinuedl Charity Charltable activtiies Total 2025 Total 2024 Wages and salaries Rent Rates and water Light and he8t Repairs and maintenance Insurance Health and safety Consultancy fees Telephone Pnnling, postage and Stalary DepreciatwJn Amortisalion Information Technology Conference costs Sundry expenses Bank charges Bad debts Accountancy fees Audit Fees Legal fees Inlercompany loan waive(i Loss on disposal of fixed assets 0is811owable VAT Recharges 1.140.195 191,882 26,727 44.143 32.942 33,791 4.069 59.994 1.140.195 191,BB2 26,727 44,143 32,942 33.791 4,069 59.994 9,886 3,454 236,509 144.484 443,464 56.830 149.146 3.377 35.327 14.056 14,500 90 1.098,564 191,881 20,547 34,878 50.079 29,950 10.536 72,570 8.362 4,829 240.792 70,642 442,265 49,054 147,410 6.455 111.1601 13,576 13,375 1.676 41.716 3,454 236,$09 144.484 443,464 56,830 149,146 3.377 35.327 14.056 14.500 25.420 223.146 118 25.420 223.146 118 Totsl support costs for Charity 2.893.550 2.893,550 2,537,997
Docusvjn Envebpe ID.. F6350D5&109F4D7U404BF9A97B51AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED? FOR THE YEAR ENDED 31 JULY 2025 Net Income for the year 2025 2024 Net in¢ome is ststsd aftèr charging: Group Staff pension contributions Audlors, remuneration audit of the financial statements preparation of the financial stslements preparation of tax cornputatK)ns Depreciation of tangible assets - owned by the group AJnortisalion of intangible assets - owned by the group 162,840 154,754 18.600 5,100 720 19.740 4.920 1.170 238.646 240.792 156,658 99,116 Charity Staff pension crMlributKJns Audtors. remuneration auijil of the financial ststements preparation of the financial ststements DepCIall0n of tangible assets - owned by the charity Amort1salion of Intangib assets - owned by the charity 129,306 124.641 14,500 3,500 13.375 3,370 238.646 240.792 144.484 70.642 10 Staft costs and emoluments Total staff ¢osts were as follows: 2025 2024 Group Wages and salaries Social security costs Pension costs 3.870,021 329,531 162,840 3,691,263 279.684 154,754 Total group stsff Costs 4.362.392 4,125,701 Charity Wages and salaries Social security wsts Pension costs 2.979.225 245,830 129,306 2.761.056 212,754 124,641 Total charity staff costs 3.354,361 3.098,451 Indudeij in wages an¢J salaries are organisalional change costs of £35.877 {2024.' £12,580). This includes slalulory redundancy p8y, payment in lieu of notice and other mis¢eDanews costs. -27-
0¢kwgn Enve(ope ID.. F639)010gF4D7B44CFgAg78Sl*El ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONnNUED) FOR THE YEAR ENDED 31 JULY 2025 10 Staff $ts and emoluments (conllnued Particulars of employees- The average head count number of staff employed by the group during the year was as follows.. 2025 No 2024 Executive Charitable Support IDLS 73 21 23 73 23 120 128 The number of employees. whose Munera.¢) for the year fell thIn the foll¢)wing bands. were.. 2025 Na 2024 No £80,000 - £89.999 £90.000 - £99.999 £1(K),000-109.999 £130,000-139.999 £140,o-149,999 During the year, the followng number of execajtive employees earning more than £60.000 haé eonlributions to pènsion schemes: 2025 No 2024 No Accrued benefits under defined contritNJtsJn pension schemes Total employer contributions in the year for the provision ol defined wnlribution pension schemes Wi respect of employees eaming rne than £60.000 were £39,571 12024". £39.0271. -2&
rk)cusvJn Enveknpe ID.. F6350D55.1DgF4D7844D4.BFgA97BS1AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 11 Tangible fixed assets Group Leasehold Property Fix¢vre$ & Fittings Motor Vehicles Equipment Totals Cost Al 1 August 2024 Additions Disposals 934,173 535,627 308.365 31.920 111,248 108,167 104,9)4 98,000 1,886,332 136,824 209,248 At 31 July 2025 934,173 535,627 229,037 115,071 1,813,908 Oepreciation At 1 August 2024 Charge for the year Eliminated on dISsaIS 249.386 77.550 248.937 76,653 214,393 63.969 111.248 26,519 20,474 29.580 739.235 238.646 140.828 At 31 July 202S 326,936 325.590 167,114 17.413 837.053 Net book value At 31 July 2025 607,237 210.037 61.923 97.658 976.855 At 31 July 2024 684.787 286.690 93,972 81,648 1.147,097 Charity Leasehold Fixiures & Property Fittings Motor Vehicles Equipment Totals Cost At 1 August 2024 Addibons Disposals 934,173 535.627 301.953 31.920 111.248 108.167 104.9)4 98,000 1.879,920 136,824 209,248 At 31 July 2025 934.173 535.627 222,625 115.071 1,807,496 Depreciation At 1 A{ust 2024 Charge for the year Eliminated on disposats 249,386 77.550 248.937 76.653 214,393 61.832 111.248 26,519 20,474 29.580 739.235 236,509 140.828 At 31 July 2025 326.936 325.590 164.977 17.413 834.916 Net book value At 31 July 2025 607.237 210,037 97.658 972,580 Al 31 July 2024 684.787 286,6 87,560 81.648 1,140,685
DwJswJn Envelope ID". F635oDS&109F4074OFgA978S1AE1 ASCENTIS {COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 12 Intangible assets Group (Xh•r Intangible assets Software Develop- Intèlle¢tual costs ment costs property Totals Cost At 1 August 2024 Additions Transfers Dispos8L8 666.350 67,714 81.499 1116.2581 188.056 202.613 {81.499) 196.800 71.998 1.123,204 279,167 (19.3901 1135,648} At 31 July 2025 699.305 309.170 196,800 61,448 1,266.723 Amortisation Al 1 August 2024 Charge for the year Transfers Eliminated on disposal 230,515 84,981 16.3(XJ 116,258 22.778 15.492 (16,300) 49.757 6.985 303,050 156.658 49.2LX) 19.3 135,648 At 31 July 2025 215.538 21.970 49,200 37,352 324.060 Net book valu• At 31 July 2025 483,767 287,200 147,600 24,096 942,663 Al 31 July 2024 435,835 165.278 196,8CM) 22.241 820,154 Chaiity Other intsngible assets Sofiware Devolop Intellèctual C05ts m¢nl costs property Totals C¢st Al 1 August 2024 Additions Transfers Disposals 666.350 67.714 65.199 116,258 49.168 196.800 35.520 947,838 76,554 65,199 176,258 At 31 July 2025 683.005 49.168 196.800 44.360 973.333 Am¢rtisation At 1 August 2024 Charge for the year Eliminated on disposal 230.515 84.981 116.258 23,341 1.289 253,856 144,484 116,258 9.014 49.200 At 31 July 2025 199.238 9.014 49.200 24.630 282.082 Net.book_value Al 31 July 2025 483.767 40.154 147.600 19,730 691.251 At 31 July 2024 435,835 49.168 196.800 12.179 693.982
Docus¥n Envdow ID.. F63YJD5&109F4D7B44D44F9A97B51AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINVEDI FOR THE YEAR ENDED 31 JULY 2025 13 Investments Group and Charity 2025 2024 Other investrnents Balance brought fOard {exduding cashl Cash injecti)ns Acquisilions at cost Disposals al cost Unrealised gains Cash held as Part of investrnent FQrtAro 993,489 45.153 6.511 Total Invesiments carrled forward 1.045,153 Historfcal c05t 993,489 Total investments ccwmprise of the followng Wes of invesknenls: UK listed equities & fixed interest securities Overseas listed equities & fixed interest securities Property and allwnative investments Cash held as part of investment portfdK) 18.223 979,760 40.659 6,511 1.045,153 14 Debtors Group 2025 Group 2024 Charity 2025 Charity 2024 Trade debtors Amounts owed by group undertakings Prepayments and accnjed incL)me Other debtlxs 307,677 633.287 184.932 455.967 271.438 524.781 429,291 225.486 2.870 280,708 250,825 3.781 594.233 887,893 918.185 1.182.428 -31-
tlocuspan Env&k)PÈ ID.. F635IxI109F4D7B-B1D14F9Ag78slAEl ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 15 Investments Charity 2025 2024 Investrnents in subsldiary undertakings Cost brought fomard Total invèstmènts ¢anied fonvard Induded in investmenis is £1 representing the entire of the IsSi share capital of Intemational DyslexFa Learning Solutions Limited and Virtual Academy Limited. Both companies are incorporated in England an Wales. Virtual Academy Limrted was dissofved on 23td September 2025. 16 Creditors- amount$ falling due within one year Group 2025 Group 2024 Charity 2025 Charity 2024 Trade creditors Other taxation and social securrty Other creditors Accruals and deferred income 240.398 150.767 37,609 278,457 211.556 133.123 43,413 326.366 210,821 150,767 32.830 268.449 191,262 133,123 31,828 320,441 707.231 714.458 662,867 676,654 Deferred income 2025 2024 Balance broughi forward Release of deferred InCe Income d8f8rred lo 2025-26 200.489 1200.489) 197,273 207.225 1207,2251 200.489 197,273 200.489 42-
Docusign Envelcpe ID.. F635LSlD9P4D7M4BF9Ag70S1AE1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 17 Commltments under operallng leases Group 2025 Land and Buildings 2025 Other items 2024 Land and 8uiSdings 2024 Other items Within 1 ye8r Within 2 10 5 years After more than 5 arS 262,500 1.050.000 1.443.750 33.601 10,625 262,500 1.312.500 1.443.750 34,499 35,224 2,756,250 44.226 3.018.750 69.723 Charity only 2025 Land and Buildings 2025 Other items 2024 Land and Buildings 2024 Other items Within 1 year Within 2 to 5 yea After more than 5 years 262.500 1,050,000 1,443,750 33.601 10,625 262.500 1.312.500 1.443,750 34,499 35.224 2,756.250 44226 3,018,750 69.723 18 Unrestricted income fvnd$: Currgnt year At31 July 2025 August 2024 Transfersl gains Income Expenditure Group Desgnaled Funds General Funds 5.985.487 6.527.105 (T.210.2881 45,153 5.347,457 Unrestrlcted funds 5,985.487 6,527,105 (7.210,2881 45,153 5.347,4S7 Charity Designated Funds General Funds 6.113.991 5,035.839 15.743,9511 45,153 5,451,032 Unrestricted funds 6,113.991 5.035,839 (5.743,9511 45,153 5.451.032 -3&
t)ocuswJn Envew ID.. F635OD5&109F4D7o&BF9A97B51E1 ASCENTIS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEPIENTS (CONTINUED) FOR THE YEAR ENOED 31 JULY 2025 19 Unre$trlded income fvnds: prior year At1 August 2023 At31 July 2024 Transfersl galns Income Expendlture Group Oesignaled Funds General Funds 212.339 5,839.299 1212,3391 212.339 6.795,383 {6.861.5341 5,985,487 Unr•$tri¢ted funds 6.051.638 6.795,383 {6,861,5341 5.985,487 Charity Designated Funds General Funds 212.339 6.099.424 1212,3391 212.339 5.230.132 15.427,9041 6.113,991 Unrestricted funds 6.311,763 5.230,132 15.427.904) 6.113.991 The Trustees ¢ated a designate<l (und to meet the cosf of any potential fijture uninsured liabilities that may arise from the TUPE (Transfer of Undertakings Protection of Employment) regulations, folk)wing the transfer of the activities of the former Open College of the North West into Ascentis in 2009. The balance was reduced to £nil last year as there was no shortlall and the member is fvlly underwritten. 20 Analysis of net assets between funds: current year Group Intangible & tangible Net ¢urr¢nt Long terni fixed assets assets liibiliti•s Total Unreslrtcted Income funds: Desigr&aied Funds Gener81 Funds 2.964.671 2,382.786 5,347.457 Total funds 2,964,671 2.382.786 5.347,457 Charity Intangible & tsngible Net Current Long term flxed assets assets Ilabilities Total Unrestricted income fvn¢ts: Degnate{j.Fund General Funds 2,708.984 2.742.048 5,451,032 Total funds 2.708,984 2.742.048 5.451,lJ32
OatyJ*w Envew ID". F635005&109F4D7WOMF9A97BSIAE1 ASCENTIS {COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 21 Analysls of net assets between funds: prior year Group Intanglble & tangible Net current Long temi fixed assets a$$ets liabilities Total Unr¢$trf¢tod In¢om• funds: Designated Funds General Funds 1.967,251 4.018.236 5.985.487 Totsl funds 1.967.251 4,018,236 5,985.487 Charity Intangible & tangible Net current Long term fixed assets assets liabilities Total Unrestricted income funds: Designated Funds General Funds 1,834.667 4.279.324 6.113.991 Totsl funds 1.834.667 4.279.324 6,113,991 22 Control and related party transactions (including key management personnel) The charity was under the control of the Board of Truslee5' who are also directors for the purposes of company law in th the cuffent and Kwior perKXJ. No trustees weré remunerated for their role as trustees of the charity. however one Trustee received errploymenl benefits totalling £164,879 12024.. £151.501). induding pension contributions of £20.332 12024.. £19.7601. for their role as CEO. During the year. 2 trustees were reimbjrsed £6.128 12024: 2 tnjstees reimbursed £4431 for expense5 incurred. Key management perSne1 of the company receive(I lolal nKIneratIon of £382.755 {2024'. £385.551) for the financial period. There are no further disck)s8ble lated party transactions for the tharity. 23 Company limited by guarantee Every member guarantees. in the event of the tharitable company being wound up while he. she or it remains a member or within 12 months of he. she or it tSing to be a member, to contribute £1 towards the cost of dissolution and the liabilitss Inrred by the Charrtable company while the contributor was a member. -3&