Company regi5tratlon number.. 06953564 Charity registratlon number.. 1132484 Dawn to Dusk (Worsthorne Primary) Ltd IA company limited by guarantee) Annual Report and Financlal Statements for the Year Ended 31 August 2025
Dawn to Dusk (Worsthorne Prlmary) Ltd Contents Reference and Administratlve Details Trustees, Report 2to4 Independent Examiner's Rèport Statement of Financial Actlvities Balance Sheet Notes to the Flnancial Statements 8t018
Dawn to Dusk (Worsthorne Primary) Ltd Reference and Administratlve Details Trustees S Nleholls J L Hanson Charlty ReBlstratlon Number 1132484 Company Reglstratlon Number 06953564 The charity is incorporated in England. Worsthorne Primary School Brownside Rd Burnlev Lancs B810 3LR Reg15tered Office Independent Examlner Streets IBurNleyl Llmlted Institute of Chartered Accountants in England and Wales 1st Floor Kingsway House Kingswav Burnley Lancashire BBII IBI Page I
Dawn to Dusk (Worsthorne Primary) Ltd Trustees, Report The trustees, who are directors for the purposes of company13w, present the anllual report together with the financial statements and auditors, report of the eharitablè company for the year ended 31 August 2025. Objectives and activltles Publlc beneAIt The truslees confirm that they have c()mplied with the iequirements of section 17 of the Charlties Act 2011 to have due regard to the public benèfit guidance published by the Charity Commisslon foi England and Wales. Trustee5 and officers The trustees and offi¢ers serving during the year and since the year end were as follows.. Trustees.. S Nicholls l L Hanson F5nanclal instruments Objectlves undpolicles The charity's actfvlties expose it to a number of flnancial risks including credit risk, cash flow risk and liquldity risk. The use of financlal derivatives is governed by the charitvs policies approved by the boèrd of trustees, which provide written principles on the use of flnancial derivatives to manage these rlsks. The tharity does not use derivative financlal instruments for speculative purposes. Credlt nsk The charitV'5 piincipal financial assets are bank balances and cash, trade and other receivables, and Investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment 15 made where there is an identified loss event which, based on previous experience, 15 evidente of a reduction In the recoverability of the cash flows. The credit risk on liquid funds and derivative financial Instruments is limited because the counterparties are banks with high credit-ratings assi8ned by international credit-ratlng agencles. The charily has no significant concentration of credlt risk, wlth exposure spread over a large number of counterparties and customers. Pag@ 2
Dawn to Dusk Iworsthorne Primary) Ltd Trustees, Report Lffquidlty rlsk In order to maintain liquldlty to ensure that sufflclent funds are available for ongoinÉ operalion5 and future developments, the charity uses a mixture of lone-term and short-term debt finance. Further details reÈarding liquidity risk can be found in the Statement of accounting policies In the financial statements. Statement of trustees, responslbilitle5 The trustees (who are also the directors of Oawn to Dusk Iworsthorne Primary) Ltd for the purposes of company lawl are responsible for preparing the trustees. report and the financlal statements in accordance with appllcable law and United Kingdom Accounting Standards (united Kingdom Generally Accepted Accountir78 Piacticel, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financlal statements for each financial year. Under company law the trustees must not approve the financial statements unless they are 5at15fied that they give a true and fair vlew of the state of affairs of the charitable company and of the incoming resources and appllcalion of resources, Including its income and expenditure, of the charltable company for that period. In preparlng these financial statements, the trustees are required to.. select sultable accounting policies and apply them conslstÈntlv,' observe the methods and piinciples in the Charities SORP,. make ludEemenls and estimates that are reasonable and prudent,. state whether applicable accounting standards, comprislng FRS 102 have been followed, subject to any materlal departures disclosed and explained in the financlal statements,. and prepare the financial statements on the going concern basls unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting record5 that can disclose with reasonable atcuracy at any tirne the financial position of the charitable company and enable them to ensure that the financial staternents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention ond detection of fraud and other The trustees are responsible for the maintenance and integrity of the corporate and financlal information included on the charltable company's web51te. Legislation governSn8 the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Page 3
Dawn to Dusk (Worsthorne Prlmary) Ltd Trustees, Report Dlsclosurè of Informatlon to audltor Eath trustee has taken steps that they ought to have taken as a trust@e In order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that Information. The tiustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. The annual report was approved by the trustees of the charity on 21 May 2026 and slened on its behalf by: J L Hènson Trustee Page 4
Dawn to Dusk (Worsthorne Prlmary) Ltd Independent Examiner's Report to the trustee5 of Dawn to Dusk {Worsthorne Prlmary) Ltd ('the Company'} I report to the charity trustees on my examSnation of the accounts of the Company for the year ended 31 August 2025. Re5ponslbllltles and basls of report As th@ charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparatlon of the accounts in accordance with the requirements of the Companies Ael 20061'the 2006 Act'l. Having 5at15fied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are @ligible foi Independent examination, I report in respect of my examlnation of your charity's accounts as cariied out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directrons given by the Charity Commission under Section 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matter5 have come to my attentlon in connectlon with thè examination giving me cause to believe.. l. accounting records were not kept in respect of Dawn to Dusk Iworsthorne Primaryl Ltd as required by section 386 of the 2006 Att,. or 2. the account5 do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requlrernent that the accounts give a 'true and fair view, which Is not a matter considered as part of an independent examlnation,. or 4. the accounts have not been prepared In accordance with thè methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their account5 in accordance with the Financial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 10211. I have no concerns and have Corne across no other matters In connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Richard Robinson FCA Institute of Chaitered Accountants In England and Wales Streets (Burnleyl Lirnited 1st Floor Kingsway House Kln8sway Burnley Lancashlre BBJI IBJ 21 May 2026 Page 5
Dawn to Dusk Iworsthorne Prlmary) Ltd Statement of Financial Actlvlties forthe Year Ended 31 August 2025 {Including Income and Expenditure Account and Statement of Total Recognlsed Gains and Losses) Unrestrlcted funds Total 2025 Note In¢ome and Endowments from.. Donations and legacles Charltable activities 4,590 59.718 4,590 59,718 Total Incorne 64.308 64,308 Expendltui'e on.. Charitable activities 175,8541 175,8541 Total expenditure 175,8541 175,8541 Net expenditure 111,5461 111,5461 Net movement in funds 111,5461 111,5461 Reconclllatlon of funds Total funds brought forward 11,577 11,577 Total fund5 carried forward 14 31 Unrestrlcted fund5 31 Total 2024 Note Income and Endowments from: Charitable activities 47,436 47,436 Total Income 47,436 47,436 Expendlture on: CharitablÈ activitie5 151,8631 151,8631 Total expenditure 151,8631 151,8631 Net expendlture 14,4271 14,4271 Net movement In funds 14,4271 14,4271 Reconclliation of funds Total funds brought forward 16,004 16,004 Total funds carried forward 14 11,577 11,577 All of the charity's activities derive from contlnuing operations durlng the above two period5. The funds breakdown for 2025 and 2024 is shown In note 13. The note5 on pages 8 to 18 form an integral part of these financlal statements. Page 6
Dawn to Dusk (Worsthorne Prlmaryl Ltd (Registration number: 069535641 Balance Sheet as at 31 August 2025 2025 2024 Note Flxed a55ets Tangible assets io 2,107 2,634 Current assets Debtors li 455 21,730 Cèsh at bank and in hand 12 16.083 22,185 16,083 Credltors: Amounts lalllng due wlthln one year 13 124,2611 17,1401 Net current Illabllltlesllassets 12,0761 8,943 Nèt assets 31 11,577 Funds of the charlty: Unrestrlcted Income funds Unrestricted funds 31 11,577 Total funds 14 31 11,577 For the financial year ending 31 August 2025 the charlty was entStled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year In question in a¢cordance with section 476,. and The dlrectors acknowledge their responsibilities for complying Wlth the requirements of the Aet with respect to accounting records and the preparation of accounts. The financial statements on paees 6 to 18 were approved by the trustees, and authorised for issue on 21 Mav 2026 and signed on their behalf bv.. 0 14oJqSLWL J L Hanson Trustee The notes on pa8e$ 8 to 18 form an intègral part of these financial statements. PaÈe 7
Dawn to Dusk {Worsthorne Prlmary) Ltd Notes to the Financial Statements forthe Year Ended 31 August 2025 I Charity status The charity Is limited by guarantee, incorporated in En8land, and consequently does not have sharè tapital. Each of the trustees is liable to contribute an amount not exceeding £1 toward5 the assets of the charity in the event of liquidation. The address of its re815tered offi¢e Is.. Worsthorne Primary School Brownside Rd Burnlev Lancs BBIO 3LR These flnancial statement5 were authorised for issue by the trustees on 21 May 2026. 2 Accountlng pollties Summary of slgnlflcant accountlng pollties and key accountlng estlmates The principal accounting policies applled in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented. unless otherwise stated. Statement of tompliance The financial statements have been prepared In accordance wlth AccountSng and Reportlng by Charitles.. Statement of Recommended Practice (applicable tts charitles preparing their accounts in aceordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 lissued in Octobèr 20191 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companie5 Act 2006. Bas15 of preparatlon Dawn to Dusk Iworsthorne Prrmaryl Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilltles are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Golng concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern iior any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All incoming resources are included on the Statement of Financial Activltles when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income reprÈsents fees and other income receSvable durlnÉ the year. Page 8
Dawn to Dusk (Worsthorne Prlmaryl Ltd Notes to the Flnanclal Statements for the Year Ended 31 August 2025 Gronts recelvuble Grants are recognised when the charity has an entitlement to the funds and any conditions Ilnked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the Income 15 recognised a5 a liability and included on the balance sheet as deferred income to be released. Expenditure All Èxpenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate slmilar costs to that category. Where tosts cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central Staff Costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other Support costs are allocated based on the spread of staff costs. Chorftable actlvltles Charitable expenditure comprises those cost5 incurred by the charity in the delivery of its activities and service5 for Its beneficlarles. It includes both cost5 that can be allocated directly to such activltles and those costs ol an indirert nature necessary to support them. Support costs Support Costs include central functions and have been allocated to activity cost categowies on a basis consistent with the use of resource5, for example, allocaling property cost5 by floor areas, or per capita, staff costs by the time spent and other costs by th@ir usage. Governance costs These include the costs attributable to the charity'5 compliance with constitutional and statutoiv requirement5, including audlt. strategic management and trustees meetings and reimbursed expenses. Taxatlon The charity IS tonsidered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meet5 the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially eKempt frorn taxation in respect of income or capltal gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or Èains are applied exclusively to charitable purposes. Tanglble fixed assets Individual fixed assets costing £O.QO or more are initially recorded at cost, less any subsequent accumulated depreciatlon and subsequent accumulated Impalrment losses. Depreclation and amortlsatlon Depreclation is provided on tangible fixed assets so as to wrlte off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Office equlpment Fixtures and fittings Depreclatlon method and rate 25% strai8ht line basis 20% 5trai8ht line basis Pa@e 9
Dawn to Dusk Iworsthorne Primary) Ltd Notes to the Flnancial Statements for the Year Ended 31 August 2025 Trade debtors Trade debtors are amounts due from customers for merchandlse sold o¥ servlces performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amort15ed cost using the effective interest method, less provision for impairment. A provisioft for the imp3irment of trade debtors is established when there is oblectlve evidence that the charity will not be able to collect all amounts due according to the original terms of the recelvables. Cash and cash equivalents Cash and casli equivalents comprise cash on hand and call deposits, and other short-term hlehly Ilquld investments that are readily convertible to a known amount of cash and are subject to an insigiiificant risk of change in value. Trade Lredltors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charlty does not have an unconditional rlght, at the end of the reportin8 period, to defer settlement of the creditor for at least twelve month5 aft@r the reporting date. If there is an unconditional rlEht to defer settlement for èt least twelve month5 after the reportin8 date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortlsed cost using the effettivè interest method. Borrowlngs Interest-bearing borrowings are Initially recorded at fair value. net of transactlon eosts. Interest-bearing borrowings are subsequently carried at amortised cost, with the differente between the proceed5, net of transaction costs, and the amount due on redemption belnÈ recognlsed as a ¢har8e to the Staternent of Financial Activities over the period of the relevant borrowing. Interest èxpense is recognlsed on the basis of the effective interest method and is included in interest payable and simi13r charges. Borrowings are classified as current Ilabllities unless the charity has an unconditronal right to defer 5ettleinent of the liability for at least twelve months after the reportirig date. Fund structure Unrestricted income funds are general funds that are avallable for use at the trustees discretion in furtherance of the objective5 of the charity. Page 10
Dawn to Dusk Iworsthorne Primary) Ltd Notes to the Financial Statements for the Year Ended 31 August 2025 F5nanclal Instruments ClussiAicution Financial assets and flnancial liabilities are Kecognlsed when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity Instruments are classified according to the Substance of the contractual arrangements entered into. An equlty instrument is any contract that evidences a residual interest in the assets of the charlty after deductln8 all of its liabilities. Recognltlon ond meosuremÈftt All financial assets and liabilities are initially measured al transaction prlee (including trans3CtIOll C05tsl, except for those financial asset% classified as at fair value through profit or Ios5, which are initially measured at fair value (which 15 normally the transaction price exclLiding transactlon c05tsl, unless the arrangement constitute5 a financ.ing transaction. If an arrangement constitutes a flnancing transaction. the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial a55ets and liabilities are only offset In thè Statement of linoncial poSiton when, and only when there exists a legally enforceable rlÈht to set off the recognised amounts and the charity intends either tts settle on net basis, or to realise the asset and settle the li3bility simultaneouslv. FinancS3l asset5 are derecogni5ed when and only when al the contractual rights to the cash flows from the financlal asset eKpire or are settled, bl the charlty transfers to another party substantially all of the risks and reward5 of ownership of the financial asset, or cl the charity, despite having retained some, but not all, significant risks and rewards of ownership, h85 transferred control of the asset to another party. Financial Ilabilltles are dereco8nised only when the obll6ation specified in the contract Is dlscharged, cancelled or expire5. Page 11
Dawn to Dusk Iworsthorne Prlmary) Ltd Notcs to ('he Financial Statements forthe Year Ended 31 August 202) DEbt Instrumetjts Debt instruments wliith rneÈt the followlng condition5 are subsequently measured at amortised cost using the effective interest method.. lal The contractual return to the holder is lil a fixed arnount,. lill a positive fixed rate or a p051tive variable rate.. or lili) a combinatlon of a positive or a negative fixÈd late and a positive varlable rate. Ibl The contract may provide for repayment5 of the prlncipal or the return to the holder (but not both) to be Ilnked to 3 single relevant observable index of general price inflation of the currency in which the debt Instruinent is denominated, provlded sucli links are not leveraged. Icl Tlia contract may p., ovide for a (leterminable varatIOn of the return to the holder during the life of the Snstruii)ent, provided that lil the new l'ate satisfies condition lal and the variation is not tontingent on futui'e eventg other than 111 d change of a contractual variable rate- 121 to protect tl)e holder against credit deterioii-ation of the issuer,'131 chan6es in levie5 applied by a central bank or arising from changes in relevdnt taxatlosi or law; or lill the new rate is a market rate of interest and sat15fies condition lal. Idl There Is no contractual provSslon that could, by Its terms, result in the holder losing the principal amount or any interest attrlbutable to the current period or prior periods. lel Contractual provisions that permit the issuer to prepay a debt Instrument or permit the holder to put It back to the issuer before maturity are not contingent on future event5, Other than to protect the holder against the credit deterioratlon of the issuer o¥ a thange in control of the issuer. or to protect the holder or Issuer against thanges in levie5 applied by a central bank or arising from changes In relevant taxation or law. If) Contractual provisions may perrnit the extension of the term of the debt instrument, provided that tlie return to the holder and any other contractual provisions applicable during the extended term Satisfy the condltlons of paragraphs lal to Icl. Debt instruments that are tlassifiÈd as payable or receivable within one year on Inltial recognition and which meet the above conditions are me35ured at the undiscounted amount of the cash or other consideratlon expected to be paid or received, net of impairment. With the exception of some hedging instruments, other debt instruments not meeting these tondltions are measured at falr value through profit or loss. Commitments to make and receive loans whlch meet the conditions mentioned above ale measured at cost Iwhich may be nil) less impairment. Investments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is rellably measurable) are measured at fair value through profit or loss. Where lair value canrnot be measured reliably, snve5tments are measured at cost less impairment. Investment5 in 5ub5idiarirts and associates aro measured at cost less Impairment. For investments in Subsidiaries acquired lor consideratlon Including the issue of shares qualifying for merger relief, cost Is measured by reference to the nominal value of the shares issued plus falr value of other consideratlon. Any premium is ignored. Page 12
Dawn to Dusk {Worsthorne Primary) Ltd Notes to thp. Fiiiancial Statements for the Year Ended 31 August 2025 DerivqtiveJlnonclul Instruments The charity U5e5 derivative finanLlal instruments to reduce exposure to foreign exchange risk and interest rate moveinents. The charity does not hold or issue derivatlve financial instruments for speculative purposes. Derivatives are initially reco8nised at fair value at the date a derlvative contract Is Èntered Tnto and are subsequently remeasured to their fair value at each reporting date. The resulting g3in or Ioss 15 recognised in statement of financial activities immediately unless thè derivative 15 designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on thè nature of the hedge relatlonship. Falr value meosurement The best evidence ol fair value is a quoted price for an identical asset in an active market. When quoted priees are unavailable, the prite of a recent transaction for an identical asset provldes evidence of fair value as long as there has not been a significant change in economlt cirtUm5tances or a 518nificant lapse of time since the transaction took place. If the market Is not active and recent transactions of an identical asset on their own are not a eood estimate of fair value, the fair value is estimated by using a valuation technique. 3 Income from donations and legacles Unrestrlcted funds General Total funds Grants, including Capltèl grants,. Grants from other charities 4.590 4,590 Total for 2025 4,S90 4,590 4 Income from charitable actlvltles Unrestrlcted funds General Total 2025 Tolal 2024 Childcare servlces 59.262 4,590 59,262 4,590 47,436 Goveinment Grants 63,852 63,852 47,436 Page 13
Dawn to Dusk {Worsthorne Prlmaryl Ltd Notes to the financlal Statements for the Year Ended 31 Augijst 2025 5 Expendlture on charltable actlvltles Activlty support costs 2025 2024 Activities 8,871 42,877 3,676 3.515 8,871 42,877 3,676 3,515 10,555 35,163 1,221 4,924 Staff Costs Allocated support Gtsvernaiice costs 58,939 51,863 Pège 14
Dawn to Dusk Iworsthorne Prlmaryl Ltd Notes to the Financial Statements forthe Year Ended 31 August 2025 6 Analy515 of govèrnance and support cost5 Governance costs Unrestricted funds General Total fuhd5 Audit fees Accouiitancy fees Legal fee5 Other governance costs Allocated support cost5 1,486 853 1,486 853 406 406 771 771 Total for 2025 3,516 3,516 Total lor 2024 4,924 4,924 7 Trustees remuneration and expenses During the year the charity made the fo51owing transactions with truslee5: J L Hanson J L Hanson received rernuneration of £9.36012024: £5,8211 during the year. No trustees have received any relmbursed expenses or any other benefits from the charity during the year. 8 Staff costs The aggreÉate payroll costs were as follows: 2025 2024 Staff costs durlng the year were; Wage5 and salaries 59.712 35,163 No employee received emoluments of more than E60,000 during the year. Page 15
Dawn to DLisk (Worsthorne Primary) Ltd Notes to the Fiiiancial Statements for the Year Endod 31 August 2025 9 Taxatlon The tharlty is a reglstered charity and is thererore exempt from taxation. 10 Tan8lble fixed assets Furnlture and equlpment Total Cost At I Septembe¥ 2024 Additions 7,598 244 7,598 244 At 31 Aueust 2025 7,842 7,842 Deprecidtlon At I September 2024 Charge for the year 4,964 771 4,964 771 At 31 August 2025 5,735 5,735 Nèt book value At 31 August 2025 2,107 2,107 At 31 August 2024 2,634 2,634 11 Debtors 2025 Trade debtors 455 Debtor5 includes £45512024.. £Nill receivable after more than one year. 2025 Trade debtors 455 12 Cash and cash equivalents 2025 2024 Cash on hhnd Cash at bank 21,726 16,079 21,730 16,083 Page 16
Dawn to Dusk (Worsthorne Primary) Ltd Notes to the Flnancial Statements forthe Year Ended 31 August 2025 13 Credltors: amounts falllng due wlthln one year 2025 2024 TradÈ credltors 106 24,155 Accruals 7,140 24.261 7,140 14 Funds Balanco at I Septpmber 2024 Incomlng resources Resourtes Èxpended Balance at 31 August 2025 Unrestrlcted funds General 11,577 68,442 179,9881 31 Balance at I September 2023 Incoming resource5 Resources expended Balance at 31 August 2024 Unrestrlcted lunds General 16,004 47,436 151,8631 11,577 Page 17
Dawn to Dusk Iworsthorne Prlmary) Ltd Notes to the Financial Statements f'or the Year Ended 31 Augu4i 2025 .15 Analysls of net assets between funds Unrestrlcted funds General Total funds at 31 August 2025 Tangible fixed assets Current assets 2.107 22,185 124,2611 2,107 22,185 124,2611 Total net a55ets 31 31 Unre5trictcd lunds General Total fund5 at 31 Au8USt 2024 Tangible fixed assets Current assets 2,634 16,083 17,1401 2,634 16,083 17,1401 Total net assets 11,577 11.577 16 Analy515 of net funds At I September 2024 At 31 August 2025 Cash at bank and in hand 16,083 16,083 Net debt 16,083 Flnanclng tash flows 16,083 At 31 August 2024 At I September 2023 Cash at bank and in hand 13,729 2,354 16,083 Net debt 13,729 2.354 16,083 Page 18