REGISTERED COIIPANY [TlBER.. 07527381 {Eniland Wales REGISTERED CII.4RITY lNUlBER. 1142582 REPORT OF THE TRLSTEES AND AUDITF.D TrINANC.-IAI. STATTr.MF.f¥TS FOR THE YEAR EP*DED JI ALICUST 2025 FOR THE EMSCOTE SCHOOL IIB&O Lid Chilrtoed ALiwuntsnLs and %LAutvrv Auditor Highdo%i"n Housc I I I lighdoiim Road Leaminglon Spa Wiir%iiik5hiTe CV31 IXT
THE EIsCoTE SCHOOL CONTEliTS OF THE FifiANCI.4L STATEIENTs lor the )'er ettdtd JI AguSt 2025 Pge Reference Ind AdThini5tr•live Detail$ Report of¢he Trusltts Report of the Independent Auditor5 Si4iemethi of Fltyanclal Atilvltlts Balgnte Shtet iu Ca$h Flow S¢itmetsi Notes to the C'. Flow Sttemtnt 12 Note5 to the Financial %1xtement5 13 22
THE EIsCoTE SCHOOL REFEREliCE AND AD1]NIsTRATIvE DETAILS for the )'tAr ettdtd 31 .4ugust 2025 TRUSTEES Mr William Holland- Chaimian Mr RiLhard HaTdv Ms Kuljii Nlinhas Mr Sukhdo" C'hutth lapFointed 27 November 20251 Ms Anu MInhL% I1P[M)in 12 N<)1'etnr 2Q251 Mr qJji(17_ai(li IT¢%i¥nLYJ 4 2(1261 PRINC'IPAL Ms Pameei Kang RECISTERED OFFICE N¢15()ns l.ane N¢lsons Lan¢ Industrial Esth WaThiick wliLkshI CV34 5J REGISTTr.REDC'OMPANY o752738111.n81ar and I,ales) REGISTFREDC'IIARITY Tr4l1[BR 142582 AUDITORS C'hdrtL.rL ALrOunnts yn(l %uiuLor>' Au(liLor Ili8hd(?iin I Ic)U%L I I Iligh(k)14n Ri)ad l.Liimin¥l(In %pil CV31 IXT BAPIKERS Ilnill "I'ru51 Bank" PLC. 4 BrindlLI' PIJLL tjirmingham Bl 2JtJ SOLICITORS Band Haiion BUtn LLP Lar15don Park" 53-55 Butt5 Road CVI 3BH Page I
THE EIsCoTE SCHOOL REPORTOF THE TRIISTEES for the )'tAr ettdtd 31 .4ugust 2025 The irustees who are also directors of the chariTh. for the rPOseS ol.the Companies Aci 2006. present their report 1th the financial statements ot-the charity. for the !'&ir ended 31 Augu512025. I'he rrustee5 hale adopied Ihe PTON'l5ion5 of ALLC)unting and RLPOrting bi Charities". SiaiLmeni ol Reu)mmertded PtaLtiLe applicable LO Lhariiies preparing their aLcounis in aLLordanLL' With ihe Financial Rew)rting Standard applitrdble in the UK and Republic of Ireland IFRS 1021 Ictlcciii'c l JanuaTh 20191. o&IEC.'TI.KS.lliD ACTIVITIES Objectivrs and ThL iruslLLS hai'L fLlirrcd 10 the guidance conLqined in the Chariii. Commission's generdl guidance on public benefit iihLn reNiL1llg our aim5 and objecii%'es and in plannin8 our luiurc aciii'iiies. The r.rn5L(Ii¢ SLhÉ)iil is <in l)FSTf.D r¢¥isl¢red sLialiSt in(letndei 5Lh(K)I f<)r I'i)ung lIp1¥ ug¢d I I t() 10 y¥, proi'iding a Lnwirortm¢rtl ti)Lusing ptimaril! cmoiiothal 14'Lllb¢ing and P¥ll1]ng th¢m K4ith pasioral carc and LduLJiion.-fhe SLhool's main objLxiii'e is ensurethis enables ihem aehie%'e an edueation and io parLieipate in )cien. mJturL unLI rLip(insiblL indil'iduals. Publle berttnt 'I'hL L'c)unLil rLILrr¢d 10 lh¢ Charli% Commission's 8¢nerJl 8uidan¢¢ on publi¢ b¢neliL h¢n r¢¥i¢wing our aims and (IbjLItlVLS and in plannin8 (Trur fuiurL dLli%'iiiCS. In ihL fLIII(Trii'in8 pa8LS this rcrM)rt demonstrdlLS the public k'nefit ol-Dur I1)r and hi)w M'e haie w'i)rked Illli5.rhe I..Ll{lL SLhiKII'% swJtL'8iL aims. STRATEGII. REPORT Achievenien15 and i)trforniAn¢t Alterngtive Education Programmes Edu¢4ilon#l i¢tlwl¢lts 'I'hL %LhiK)I'% LJuLJtii)n rL'pfL%L'nLS all ihL Lharitshle aLllI'iii¢S. ()ur LduLalin pm8rJmm¢s taki pla¢L during %Lhix)I hi)ur nd in ILmi timL'. 'I'hLYL arL thrL'L' ILYms PL'r aLJdL'miL I"LYr. 'I'hL l..msv()tL" %Lh(i(?I ha5 bc¢rt ablc l() maIn foLw55cd by dcliv¢rin8 ivhat commissionLrs rwuirc artd musl imtxirtanilyl ixlu¢all()nJl pr()visii>n thal rL'lJ¢i% Jirixill io th¢ n¢xls iTrf th¢ %"oung rwpli r¢fLrrL'd. 'I'hL h(joI u)ntinu¢% a¢hiLI'L ic>n%idL'fdblL' lULLiN in w'i>rkin8 li ith vi)un8 rAx)pl¢ ii-hox. j()umiTh ihN)ugh mdin%Lrl. ts¥hi)i)I hats b¢¢(¥nii diniiull anwiir impL)b%iblL. l)IILrin8 LduLJtiundl PTO8rJmmes and Jn cni'Lri)nmLni thai LNhlLS ihcm L(Tr u)niinuL Ii'ith thLir LduLaii()n. Young ppIC 4r¢ rel¢rr¢d for indifvidual, or online Mork i'io behakiour partherships. allied profe551(Ina15 And s¢hools.'I'his profvision is for se¢ondary siuiknts M"ho ar¢.. lal Ai risk ()I'L¥LIu51(?n/ [rnneni11 i¥iludcd.' ar Ibl l)upils with an LduLational Il¢alth Plan Wi)rkinB Llc)sLl%' uith rtnerts, Iwmmission¢rs bih1$ The F.msix?L¢ Sih(K)I pn?i'id¢s ¢duiaLional 5UPkXlrt pa¥kag¢s i)r LaLh yi)un8 PLrson (omards.. lal ACh1ceNt.. Ibl Impn)N¥d s¢lf-¢s¢m; ILI ImprLived alleness.. #nd Idl lrnproTrcd rnolilaiion. Org¢inis¢d 5¢55i(Ins aly) id¢ntif!' i55UC5 11.ith khai.iour ang¢r manag¢m¢ni and a]Iiii% vvung pKopl¢ to d¢v¢lvp 5ki115 and %traiegies 10 Lx)ntrol themselves in situaLii)ns iihere the! ma%" preiiousli hale siru88led. Our aim is to proi'idc an ambitious and high-qualits. edueaiion that is dcsigncd gil'e all siudcnts th¢ knoled8¢ and cultural capiial that th¢N' need to succ¢d in life. "Ithis 15 achio ed ihrough a curriculufft that brings out the i".ery best in Ih¢m and ¢nabl¢¥ thrrn i(1 Iii¢rLomr th¢ Lhdll¢ng¢5 thiit ¢xi5t in ih¢ir li1¢ Page 2
THE EIsCoTE SCHOOL
REPORTOF THE TRIISTEES
for the )'tAr ettdtd 31 .4ugust 2025
STRA TEGIC REPORT Itontinued)
Achievements and performante {continuedl
Our curriclllum is designed 10 proiide ii'ith the Lore knoi¥ledge. skills and understhnding that ihev need for
SUCCCSS in education and laicr life,. ts) mlximiseihcir coBniiiie d"t10pM£nL io da'clop the Il'hole and their talents
io ensure that ihev becorne aciii'e and economicalli. self-sufficieni ciiizens. ill. draiving on all of the reurCeS ai'ailable
li) us, i&¢ <lntiLipJt¢ Ih<lt (iur LurriLulurn ¢n4ibl¢s sd¢ts U) appr¢Lia and twiiLipJt¢ in the full riLhn¢%% (If ihe humun
exp¢ri¢nL¢. Wher¢ uppr()prial¢, yi)un¥ tY()pl¢ -111 sit FunLli(?nal Skill% an£L.'()r CJCSF% pn)gT¢%% (Inlii i'iiLuliÉ)iial
courscs ai college.
nnline It18 PTL)I'id¢s ¢duLativnul ONxUl1l5 for th0seii"hi) are unable t() altend the pretni%e5. Thi% yeur) pupil.4 hui'¢
luken purt in ¥duL111(1Dl tTiP5. L1rr5 f<liTS 1 had ihe <)ptK)nuniiv uf 141)Tk ¢xp¢ri¢nLfi. Pupil% i)n the r.rn%L(Il¢ SLhii()I
ri)11 Jlso h)Ki lh¢ opp)rtuni¢V io a¥Less ali¢rnJiii L pro%'ision ts) Clrien¢ iatlring, mLYhani¥s. pct ¢Jr¢ and ¢hild¢4rc.
c.urriculum offer
%i?mL %ludLniN ill uit¢nd full tim¢. Mhiltsi (Iih¢TS will part lime. Full iirner5 ivill u LurriLulurn thul uiNers all
i)t'thL r
THE EIsCoTE SCHOOL REPORTOF THE TRIISTEES for the )'tAr ettdtd 31 .4ugust 2025 STtL4TEGIC REPORT Itontinuedl Achievements and performante Itontinuedl Investment polloy objettives The charity's inNesiments arc hLld in accordance ii'iih the irus(ees' wii'ers. Thc trustees hai'c considcrcd the most appropriate policv for investing lund5 and consider Ihai a balanced appToach to ini'esimeni risk: betii.een capitsl groM1h. inLiirn¢ th¢ thilitN' li) aLL¢&% funJ5, IS 1PPr()pTid1t. ALIu)Tdingli', the charily ini in u C(Ill¢Lti%'¢ Ini'¢strn¢nl ALL(iunl. und th¢ LharitN' hL5 tn1< glin5 in th¢ i¢ar ()f £i2,242. Reserves poliey I hL' tru%lLx% haTrL' L'xamined th¢ Lhuritv's r¢4uir¢m¢nts for r¢sm'¢s in lighi ()f the main risks t() Ihe (Irgani&uli()n. li hull ¢.41iibli%h¢d J puliLv wher¢by ih¢ unrLslriLl¢d furmjs lni'vsd in tsngiblv fixd asKts htld by th¢ chHril)' sh()uld ¢L]ual ()n¢ yLJr'% L.xp¢nJiturL'. In 2n25, th¢ 4Lhiiiil bttn in nvg()tiu¢iiins l() ils. long-ierm futu al its. current PTemi% an(J linked iii thi.4 PT()L¢X 1% i(lenlilied n¢e(I l()r lh¢ .h<)iil t() ini'est in a future rehuild refurbishmeni priigramme. Negiiiiati(In% ar¢ iingÉiiDg and th¥ Iru%tiL% hal madL a dLxision 10 dcsigrta an muni i)1'£1.21)0.(KKI t(1 a nLi""PrcmitsL¥ fur)d" ts) dTlI.I lurh'ltrd thiy prÉ)LL'SS.'I'his is in additic)n to ihL designaiLxl IIxLd ass¢ts fund of £5? 165. I'he tru%i¥¢s minÉJlul ihai th¢ Lharitv should Still have s]lleni iiwking capitsl tL) suprrt)rt IL% Lommitlcd uliernative LduLaticTrn pr()¥rJmmLs an(J i%iih bud¥LtLyJ nal LxpLmJiturL LxiuLaliiTrn&il Jliii itiLs in thl TL¥lI)n i)1'11.2in. th¥ ILILI Ill. gLn¢ral undisignai¢xi r¢x'rn'es. ai £439,695. 4 monthsi)I'¥xr&nJitur¢. %i,hiith isJ¢im¢d bi Ih¥ iw%l¥ists) bc aJ¥quJi¥ Icir thi% nL,L.'I hL pfl.nI ILTrLI i)f rL'5Lf%'LS ai-JilJhlL Ic) IhL Ltharii%' (N'erall 1% £1.6YI.¥(rf)121124 £932.gtllll. dll i)fi¥hiLh arL unrL'siriLILd. Rlsk m#thg%¢mtn¢ IniL'rndl risk% JrL minim1.d b%. IhL' implL'meniaiion of iniernal convol PnKX.durL'% for auihori%aii()n i)r tranLI11)n5 and prÉ)jL'LL%. lJri)LL,durL's arL' in plJLL' t() L'nsurL Ll)rnplianLL' ii'iih (Thild l>nitLLli()n an¢J I IL'al(h and )IlLIL5 and pri)LL,durL'S. I'hL%L pri)LLdurL% fLI IL Lx1 [rI{yJilall}. cnsurc ihc). still mca thL needs ol'thc LhJritv. l.'xtLrniil iiudils i¥f th¥ ¥harit)'% tx)liiL% anil pidr&.& iiith partiLular regard Child l>r(>-Ll<)n. are undLrtskLn bv rL'prL'biniJtll'LS (Il'th¥ icTrmmisii()ning J¥imLllS. hl5 anJ l(ul Juthoritii¥. I'ru%tLLS und kl? managLmcnt c(Intinuall)' rci'icii risks lo cn5urL thcv arc rcl•'ani and up datc. .1¢h appniprialc 5Icps and ¢(Inirnils in plaL¢ t(? managc and miligak thos¢ ri5k5. FundrAlslng gnd volunteers Whilst Ihl iLhix)I dills inLur 50mc expLmditurc in rLspcLI ol- fundraising ailii ilies. thcse arc considLrLd k) bc i)n a small sialL and J() niil Iiirni Part ol- tht school'5 princi1 aclii.ilie5. l' Sch1 n¢ith¢r participal¢s in publirlv Inark¢d fuN(Irai5ing c.¢15 nor in thc acliic 501iciting ofdonalion5 from m¢mb¢rs of lh¢ gcncral public. Accordi1)gl. Ihc 5rh(xil, a5 a ¥harity. is niTrt r¢81sL¢r¢d m.ith th¢ bundraising R¢8uIar, although th¢ trUSL¢¢S m.ill k¢¢p th¢ siiuaiivn under r•'ieth. I'he School is always grateful for th¢ N'olunteers M'ho give [rly oftheir tim¢ help the school in its obj(7¢s. uturt pl¥n$ I'hL kev Ii)LU% l)fihe tru%tees is the Lurin8 the Ic)n8-iemi fuiure ofthe sch1 al its currenl premises. hether h> aY ora IonB-temi Icasc or othLY rouic. Negoiialions remain ongoing. P#). policy of senior 5txff kty m#th#gtnltnt I'hL pal i)I%Lni()r siaft.and kL% manti*LmLnt 1% rLiieii"ed at leasL annualli b% ihe trlls(ees and increased in line with average eamings or oihtt s¢Lior knlhmarks. Il. reLruitsneni ha5 proien ditficuli in ihe recent a market addition rnav also bc paid. Page 4
THE EIsCoTE SCHOOL REPORTOF THE TRIISTEES for the )'tAr ettdtd 31 .4ugust 2025 STRUCTLIRE, GOVERN.4NCE AYD M.4NAGEMENT Structure. governante and management ThL Lhtirit) 1% a LharitsblL Lomptini limited by gtsaranfft. as defithed b) the Companies Ad 2006. incorporated on I I FLbruarn 2011 and re8lSILred as a LhJrit% on 24 JunL 2011. The Lompan! lias esthblished under a Mem()randum of Associaiion M'hich csiablishcd Ihe objecis and p)i%ers ol-the compan!. and is soi'erned undcr its Anielcs of Associaiion. In the eNent of the compan. being M'ound up Ihe msts are required ¢0 contribute an amount noi exceeding £10. The'B(iurd of TrUSi¥' Lx)rnprixs ih¢ dirtitors tsf th¢ Ltpany. A li of th(?$¢ i¥ho s¢Th'eil in th¢se L4paLiti¢s durin¥ lh¢ PLriod is oui on pagc l. Thc injstecs meei on a rcgular basis and arc reskyTrnsiblc for the siraicgic direciion and wlicN' ol- thc lhIr1tTr..l.he board con515ts of lii'e from ai'arieii. ofpTofessiorhal backgrounds relelani thcmork of the charity. I'hL H<)urd i)fTru%t¢¢.4' give theiT tirne i'(Ilunthrili' h<li ¢ rtitii.ed n<) IKD¢fiis' fr()m th¢ LhaTitN. Th¢ oicrall dav_io-4Ja! managLm¢rtioI-thc charits. is urri¢J ou¢ b!" thc Principal. 1$ dirc¢UN rcsw)n$iblc to thc tyusiccs. I'hL PrinLipal is reswnsible lor ensurin8 thai the eharii!. deliNers ihe seTh'iLes SFttified and that ihe rrOMiance indicaiors urL niLt. Nl tru%iLL% arL ¢liYted bj ¢h¢'Board of TrusiLYs'. NLW. trusic¢s arc induc¢¢d during th¢ir firsi irusiLY%' mcLiing. Trusiccs arL L'nLI)uraSLd io aitend appr()pri31¢ ¢XlLYnal Irainins ¢i'ents i4h¢r¢ ihes¢' i¥ill lacilith the undenaking c>l'their rc)l¢. STATEMENT OF TRII%TEE.4' RE%PON.4IBILITIES I'hi tru.%lLx% ari r¥%N)n%ihlL Ic)r pripJTing thi RItM)rt L)I' thc Tru%¢CCS and thL finanLial stslLmLni% in dL¥i)rdanLL 1th appli¢iibli la1 lJniw.d Kingiluni A¢¢ounting %tsn(lardb lunill Kingd()m Ci¢n¢rallv A¢i¢piixl A¢u)uniing l)ra¢Ll¢LI. C'i)rnpJnJ lJi¥ rL4uifL's IhL IrustL'LS 10 frfLpdfL, finJnLidl SWiLyncnL¥ for L'JLh fJnanLidl )'LJr. I IndLr ihat Idlb. IhL' iruslL'L% hai'L LILLILJ iii prLpJrL thL finanLial siatLmLnL% in aLxi)r4knnLL iiiih Ijni1 Kin¥th)ni (ILnLralli' ALLLPtL'd ALL()uiiliiig l>raLIiLL Illni¢¥d Kingdi)m Ai¢iiuniin8 %¢andards and appli¢abl¢ lai%1. I IndL'r Li)mpY lJi¥ IhL• IfU51L'5 must nc)i appnTri'L lh¢ finJnLiJI &U'mLnts unless ihey ar¢ saiis1iLd thai thL b)Il'L' d truL' dnd lair i'iLM' i)I' IhL iatL lif al'fair% (Il. IhL Lhdriithlc Lx)mpani' and ()I' thL illLiimin¥ rcs<)urLL% and JppliLatiiin ()I' TL%iiurLL.4. iniludin¥ thL inLx)mi and i¥tLndilurn, (Dr thL LharitsblL ciimpanv for ihal tKTi()d. In PTLI)aTing th11SL lililia1 %latLincnL%. th¢ ifusiL%'s are required ttr 4LILLt suildhlL aLL(iuntin8 rA)IlLIL and IhLn appli- IhLm LxTrnsistenLI!'- ()bsLrN'c Ihl mith(5 and prinLipIc5 in thl Q'hariiic5 %()RP.. makL judgLmLni% Jnd cslimalc5 ¢hat ar¢ rr&fionablc Jnd prud¢nL tall uh¢ih¢r applirablc KoUling s¢andards hai'c en folloiiEd. subjLrt to any makrial dcpartures di%LlI)sLxl and LxpldinLd in (hL finanLial %iaiLmLnts- prLparL thi linaniial 51atimLnts ()n Ihc going lnC¢M basi5 unlcs5 il 15 inappropriaic to prcsurnc thai the haritabl¢ rnpathY will Lonlinue in bu5111¢55. ThL' Iru%tLL% ri>n11L f(?r kixying pri)PiYJLLcwniin¥ r¥vrds" ii.hiih dis¢l1Trs1 i%ith rn'iwnabli a¢Lura¢fv al an}. timL thi, IinanLial pi)siiii)n i)l- thL Lhtiriiable LLimpan!' aNI li) LmablL ihem io ensure thal the fLnanLial SLaicmLnis Ll)mplv wilh thL C'iirnpani¢s ALI 2(K)6."1"heTr ar¢ also r¢5pon5ibl¢ for 5af¢guarding th¢ assets of the charitable company and hence for taking rlasvnablc stCP5 lor thc prcI"tIon and dekction of fraud and other irr¢8ularitl¢5. In far as Ihe truseS are aware-. thcrc is no relcTrant audii intomiation of ii.hich the charlbIC compani's auditors arc unaii"arc: and th¢ Irust¢¢b t4k¢n all st¢ps thai th¢}" vughi hiLi"¢ tak¢n iu mak¢ th¢ms¢li"¢s aM"d uf any r¢l¢vant audit infi)maii()n and establish thai the are aii'are olthai inlormaiion. The report of thc irustce5. incorForaiing a strategie rcrArt M"a% approi'ed bi. order of the knrd of trustees. as thc company directors, on 27 August 2026 and Signed on the iKwd'5 haIrbY= Mr Willidtn Hvlldrtd- Trust¢¢ Page i
REPORT OF THE INDEPENDEYT AITDITORS TOTHE TRLSTEESOF THE EIscoTE SCHOOL Oplnlo We have audiied the financia] tsMLA of The EmscoLe SLh(K)I (the 'charitable u)mpanv'l for ihe lear ended 31 August 202) which comprise the Staiemeni ol-Financial Aaii ities, Ihe Balanee SheeL the Cash Flo1 Ststement and note5 to the financial 51atemeni& including a summan. of significani accouniing policies. "Ihe finaiicial reporting framework thai has been appliLsd in theiT preparation isknpplicable lai% and lJnited Kingdi)m Ac¢ounting Sthndard% IlJnii¢d Kingdom Cienerally AcLepied ALcouniing PvdcLiLel. In OUT opinion the finaneial statements= gi¢ a tTU¢ an(1 fd. ir i'ieii" (If lh¢ s¢at¢ i)f th¢ Lh4iriMble Ll)mpan! s affairs .31 August 2112) I(1 i)f iis. InLLiniin r¢s1)UTLes and appliL-dii()n vfw)urL¢s inLludin¥ IL% inLx)m¢ ilnd ¢xpenditur¢. r()r th¢ %¢ar th¢n ¢n(l¢d: haNc bL"en propcrlN' prepared in accordance iiith Uniicd Kingdom GcnLYalli' Accepted Accounting Praciice.. and haNe been prepared in acwrdance with ihe requiremcnLS of thc Companics Aci 2W6. Basis for opinion Wi Li)nduitL'd i)ur audi¢ in accordan¢¢ i%ith Int¢maiional Sthndards on Audiling {UKI IISAS IIJKII and applicablc law. Our rLSW)nsibiliiies undLr those standards are lurthcr deSLrlt in the Auditors, re4nSIbili(1eS lor the audii i)l- the rinunLial %lJiLtnLnl% %LLti(In ()f (iur r(.)rt. Il'¢ arL' )ndL.ndL.Trt ()fthL LharlbIl L()mpunv in aLL<)r(IunLL thL LiliiLal rgquiretneDl% Ihdl ure r¢l¢iant i() ()ur audil ()r the (inlia1 in the 11K. inLluding the l.'R(".4 1-'IhiLal %iandurd. and I'ullillLd c)ur c>ther L¢hicJl rL'srA)n5ibilili¢s irt ac¢orJ)n¢¢ li'ith th¢sL T¢quircmcnis. WL k.liLvL thitl thl uudit ¥iidL'llL¢ w¢ htiv¢ c)b(ainLd is sul'liLieni and appTr)wial¢ 10 proi.ide a basis lor our opinion. C.onclu5ion5 relating to goin¥ coneern In auditing thL linan¥iJl %iJlLniLni% ha%¢ cibnLludLd the trus¢$, us¢ of thL going ¢onc¢m basis ol'uLLi)uniing in Ihi pripliraiion i)I' Ihk lindniial &(ai¢inLnis is approprio1¢. IlasL.d lin IhL i%i)rk WL. hJ%'L' PLrlom1L. il'c hdi-L nc)i ideniifiLMI ani. maiL'riJl unceruLintiL's rL.laiin¥ Ll'L'nL%' i)r Li)ndiiii)n5 that. indii'iduallv (Ir LiillLLIIvLI)'. L&¥t %i¥nifiLJni th)uhi i)n thL Lhariuhlc L()mpani'% ahilii) u) L4inlinuL iL% d ¥l)in Li)n¢Lrn li)r a rKriod Iifai l¢as¢ ii¥¢lv¢ monihs f¢vm %%h th¢ finan¥ial sUMents arc auihtsriyed f()r issu¢. ()ur rL%P()n%ihilitlL'5 and ihL' r¢sp)nsibiliii¢s of th¢ trllS i%'lLh resLl 10 80in8 ¢oncern JrL. d¢'sLrih¢Q in the rL,ILvanl SLLtiiin5 <)I' Ihis rcp(Trrt. Other InformJ)tion 'I'hi Iru%tL'L'% JfL' r¢%w)nsihl¥ for ihl (iih¢Y infÉ)rnldll()n. IthL (Mh¢r infi)rniai1( ix)mpriK ihc infi)rn)aii()n in¥lud¢.J in Lh¥ Annual RLpi)n. i)thLT IhJn IhL finanLial siaiLmLnL% and our Rl[)rt ofthe IndL'rxm&'ni Audiu)rs IhLfLX)n. l)ur (Ipinion on the linan¢i&l stsiements does not cofver theoth¢r infomialion and. exc¢p¢ ¢0 the exni othem.ise expli¢iily Slatcd in our rcporL we do noi expr¢5s any fom) of wurance ¢on¢lu5ion ih¢r¢on. In )ni¥ll{)n ilith our audit ofthL fjnaniial slalL'mLnts. our TCSFonsibililv is (o rcad thc othLr inf(Imialion and. in doing so. consid¢r Mh¢ther the i?th¢r inlormation 15 mal¢riall! incvn515n¢ ii.ith the fjnancial 51ai¢Tn¢nts or our kniiivledg¢ obtaincd in thc audit or vihcTrN'i5c appcar5 to bc malcrialli mi55lalcd. 11- lic idcnlifi" surh rnatcrial incon515tcnci¥s or pparLnt matLrial mis5latLminti. i¥¢ r¢quir¢d tt? Jemin¢ iitheth¢r ihii 8ii¢s ris¢ io a mJwYi411 mi%bLLlim¢ni in lh¢ inanLidl siaiLmLni% IhLm.%el%es. Ir. based on ihe i*ork ive hal'e rforme& LollLluJe thai thLYL is a malLYial mi55tatement ofihis other infonllalion. M"c requiTtd io rewrt thai fart. We haNe nothing to rqK>rl in thi5 regaTd. M¥tttts on which we ¥r¢ rtquir¢d to report b). ¢xttPtiTr We hai'e ni)thing io rerA)n in respeLI ol the lolloi%'in8 mauers ivhere the Chariiies IAco)unts and RerLS) Regulations 2008 requires US to repon (o >'OU Ll-. in our opinion.. thc intomiation givcn in thc Rcrort of thc Tru5tCCs is inconsi£nI in any material rcspc£t 1th thc financial statcmcnts: the Lhariiable LÉ)mpan% has noi kept adewa(e aLcoun(in? records: or thc linancial 5taicmcn15 arc noi in agrccmcni with thc aecouniing records and returns: or "c hai'c not recciN'ed all thc inforniaiion and cxplanaiions 14¢ rcquire forour audit. Page 6
REPORT OF THE INDEPENDEYT AITDITORS TOTHE TRLSTEESOF
THE EIscoTE SCHOOL
Respon5ibllltles of trustees
As explained more lullN in the Staiemeni of Trustres. Rewnsibiliiie& the trusie£s (who are al the directors ot- the
charitable companN' tor ihe purFKbSeS ol-cornpani. laii") are reswbnsible for Ihe preparation of the financial staternents and
for bLing &qtisliLsd that the) give a true and fair i i1, for SULh iniLYrtal uintrol as the trusiees detemiine is necessary
io enable the preparation of financial siaiemethts that are free from Marial MissthmenQ Mhether due to fraud or error.
In preparing the tinancial statements. the trustttsare respK>nsible forassessing the charitsblecompan) 5 abilir), to continue
U5 J g(iing Li)DL¢m. disLI(1siDg. as <ippIiLiibl¢. rnilti<r5 r¢laied ii) g()ing ti)nL¢m an(J u%inB the ¥i)ing UinL¢Tll b51% (If
aLLiiunlin¥ unl¢s5 ¢h¢ tru%t¢¢% ¢ithrr int¢n(I i(1 liquidal¢ th¢ Chl(ble Lx)tnPiin! i)r ti) ()P¢Tdlii)n%, (Ir hai'e n(1 r¢alis1iL
altemaiive bui io do so.
Our re5ponsihilitie$ for the audit of the financial StateentS
We hui¢ b¢en <1P)Inted
REPORT OF THE INDEPENDEYT AITDITORS TOTHE TRLSTEESOF THE EIoTE SCHOOL Use of report This repon is made solel! to ihe chariLqble compan! s trustres. &$ a in accordance 1th Part 4 of the Charities (Accounis and Repon51 Regulaiion5 2008. Our audii ii.ork has underk¢n so Ihat li'e rnight Sute 10 the charitable comp<ini's trusieLS thosL matters we arL' re4knifLbd to siaie io th()n in an auditors, rewrt and for no i)ther purp)se. To the tullLSI L.%tLnt pKmiiltLd b% Idii. Iwe ikn noi aLLepi OT assumL rewnsibilil! 10 anjone oiher than ihe LharithblL Lompanv and the chariiablc Lompanv's tnLStees &s a FM)dw. for our audii MorL for this re[X) or (or the opinions w".e have lomied. for and on behalt-of IIII&O Ltd Ch<lrtLrLxi ALLiiunianl% 8tstuti)ry Auditor F.ligibl¢ t<) klLI an audil<)r in l¢rms ()f SeLtiim 1212 ()f the C()mpani¢s ALI 2¢M)6 Highdo¥in Hous I I I ll8hdc)n Road l.LumingiÉ)n qp Wur¥% iLk%hire CV31 IXT l)atL.' 27 August 2026 Paee 8
THE EIsCoTE SCHOOL STATEMENT OF FIN.ANC.'IAL AC.TII'ITIES I1Tr4CORPOTlC AN4 INCOIIE.4ND EIPENDITLIRE ACCOLIliT lor the yer elldtd JI August 21125 ?U24 Unrestrided fknnds RestriLd Cknnds Total funds funds Notes INCOME AND ENDOM.[ENTS FROM C.'haritable activities 1,944JJ7 1.944J17 1,330,9S3 Inve5tmeni income nthLT inLÉirn< 11.36 111.081 10.081 Toial 1.970238 ,970.238 1.342.457 EXPENDITLIRE ON Rui%ing lund5 6,646 730 Charlt*ble a¢tlvlil¢$ 1334.41 1,234.415 1.072.952 ()th¥T 2.$39 Total 1243ffj1KI 1.243.600 1,077.Oy41 N41 8ain% i)n in%'¢simints 32.242 32,242 17.888 NET INCOME 758J8(1 758J80 282,640 RECONCILIATION OF FLINDS Total lunds brought forward 9J2.98(1 932,980 050.334 TOTAL FUNDS CARRIED FORII'ARD 1.691.860 932.Y8 C.-ONTIN IIING OPFRA TIOP4S All in¢(Im¢ 4Lnd LThp¢ndilurL Jris¥'n from ¢Miinuing adll"ili¢5. The notes f(Th ofthese financial swements Page 9
THE EIsCoTE SCHOOL BALAYC.'E SHEET 31 .4ugust 2025 21125 2024 Notes FIXED ASSETS Tan8iblL' assets InTrtstmenis 14 15 52.165 396,075 29,26) 267,888 448,240 297.153 CURRENT ASSETS DLbior Cash ai bank 16 213,881 1,084,803 51,516 602.g05 1,2991J84 654.421 CREDITORS Ami)unis liilling due within one >'¢ar 17 156,064) 118,5941 NET CURRENT ASSETS .243.620 035.827 TOTAL ASSETS LESS CURREliT I,IABI I.ITITr. 1.691,860 Y32.9811 NET ASSETS 1.691.860 932,981) FUNDS IlnrLslriLtLd lunds 20 932,9811 TOTAL FUNDS 1.691.860 V)32,4¥11 Thc Lharitdblc Company is cnii¢lcd io cx¢mption from audii undcT S¢rlion 477 of thc C'ompanic5 ALI 2006 lor thc vcar endLd 31 August 211?5. The members have not derxjsited noiiLe, pursuant SeLiiI)n 476 1)fthe Companies Ad 2006 requiring an audii nl'ihese rinancial 51atcmcnt5. 'I'h¢ tyustL¢s 4¢knvw-ILdgu Lhcir resrKinsibilili¢5 for la} en%urin¥ thai Ihe Lhariiable Lompani keeps accounLin8 )r&S thal eompl% Uilh SeLLions 386 and 387 1)r ihe Companics Ael 2006 and prlparing linanLial sialLmlLnts whiLh giie a vuc and fair i ofthc Sthie ofatTair5 01-Ihc charitsbll Lompany as al thi Lmd ol- L3rh finanLi31 I"¢ar and of its 5ury)lus or d¢fi¢iL fiTrr ¢Jch firtan¢ial NfaT in acc(?r(lance with lh¢ requiremenis i)l-SeLiicin% 394 and 395 and ii.hiLh ciihen4ise ccimpli" ii'ith Lhe requiremenis 4)fthe Ci)mpanies ALI 2006 rclaiin8 to linaneial SteMents. so tar &s applieablc the eharitsblc companN'. Ibl The5¢ financial 51atements hai'e betn audited under the r¢quirernents of Seciion 145 ofthe Charities Act 2011. The linancial statements wcre approicd M. thc B(Mrd of TrusLCCS and authorised for issue on 27 Au8USt 2026 and ¢r¢ Sl8nLd on its bLhaifbi': Mr Williarn Holland- Tru5t¢¢ The notes f(Th ofthese financial swements Page 10
THE EIsCoTE SCHOOL CASH FLOIV STA TEIENT lor the )'tAr ettdtd JI August 2025 21125 2024 Notrs Cash flows from optrating attiviiits Cash 8tnera*d Irom 0rAtiOnS Interest paid 602,947 134 227,332 Net LU5h PTUI'idLxl by otwdting aLtib'itieS 227 332 Cash flows from lttv¢stlttg a¢tlvltl¢s Purchase ot'tangihle lixed assets PurLhu%¢ (If lixLxi inie.4tm¥nt5 139.910 1100.000 3.767 125.Y581 RLallc)¢ation ol-¥Jsh balanLe In(LrL's[ fLLLII'Ld .369 Lash used in invesiin8 aciii'ilie5 1211.0141 264 5891 C'hAnRt ITh ¢Ash ¢ash eqylv•lto¢$ In lh¢ rtportlno ptrlod C'fish And cg8h efjuil'alents At the beginning of the reporting period 482,898 137.2571 f)41).162 C ash And cash equivaltntS #t ihe end of Ihe reporting period b()2,)5 The notes f(Th ofthese financial swements Page I
THE EIsCoTE SCHOOL NOTES TO THE C.ASH FLOW STATEMENT for the )'tAr ettdtd 31 .4ugust 2025 RECONCILIATIOPI OF NET INCOME TO NET CASH FLOII. FROM OPERATING ACTIVITIES 21125 2024 Net income for the reporting period per the Stgtemenl of Financial Activities) Adju_4lrn¢nt_4 for.. t)¢pr¢LiJliiin Lh<1¢$ Gain on ini'esimcnis IntL'r¢st reLeii'ed IntL'rL.41 puid 282,616 17.010 132,2421 114,8401 34 1162J681 37,470 6,490 117.8881 111.3691 19,?431 23.3041 In¢rLJs¢IldLLrL) in iycdi¢ors Nel tAsh provided by operAtioDs 602,947 227,332 ANALYSIS OFC'IIANGES IN NET FLINDS A¢ 1.9.24 Cwh flo, At 31.8.25 Net tash C'ash at bank 482J98 602.905 482398 Total 482J98 1,085,803 The notes f(Th ofthese financial swements Page 12
THE EIsCoTE SCHOOL
NOTES TO THE FIY,INCIAL STATEMENTS
for the )'tAr ettdtd 31 .4ugust 2025
ACCOUfiTING POLICIES
Basls of prepirittg tht firtathelxl sttemettts
ThL' linanLidl slati'mL'rtts ol- thL LhaTltablL LC)mpan%. iihich is a pllbliL benefji eniitl under FRS 102: hale been
prLpared in aLcorddnLc i%iih the Chariiics SORP IFRS 10?I'Accouniin8 and Reporting bs Chariiics.. Statement
ot Recommended Pracrice applilable chariiies preparing their accounts in accordance ii.iih the l. inancial
R¢tM)rting %t4nd
THE EIsCoTE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS- continued
for the )'tAr ettdtd JI August 2025
ACCOUfiTING POLICIES- continued
Expendlture Itothtknuedl
IrrLLOI LrydblL V.IT is Lharged as a eosi against ihe activi for 'hiCh the eXnd]llIre i¥as incurred.
Support and governance tost5
uptKirt LX)5t5' ihvs¢ funLtii)ns th
THE EIsCoTE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued for the )'tAr ettdtd JI August 2025 CRITICAL ACCOUNTING JUDGEMENTS AYD KEY SOURCES OF ESTIMATION LINCERTAINTY PrLparation ol- the linancial sthtements re41reS the Tnjstees mak'e signifiLani judgments and esiimaies. The iicms in ihc financial s(atemenLS where these judgments at es11meS hae been made include.. Tangihle fixed as4ets t)¢pr¢¥idtiiin LhJr¥¢% 1r¥ proi i ov fixed ba ()n the ¢StsTnattd us¢ful ¢Lx)norni¢ life of th05¢ ass¢ts. This is b&sed on iht Trusiees. knoi%'led8e of Lhe busincss assets and prior c.xpcrience. INVESTMENT INC.011E 2025 2(124 Dewsii accouni inresi 1,369 INCOME FROM CHARITABLE AcfiviTIES 21124 Fdulaiional a¢iii'i¢ics Proi ision ofe4u¢ional s¢Th"itts 1,944J17 .331),V)83 RAISING FUNDS Other trading Activities 202.4 2024 730 Investment mgnAgement C051s 202S 2(F24 l>{)rtfi)li() manag¢m¢ni 3,811 Aggr¢g4t¢ 4mounts 730 CHARITABI.E PICTIVITIES C.-OSTS Dire Costs Isce [1¢ 71 COS151sCC note 81 Totals Provision of cdueational scrvLCCS l.l911,582 43,833 1,234 415 Page 15 C4)niinued...
THE EIsCoTE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued for the )'tAr ettdtd JI August 2025 DIRECT COSTS OF CH.4RITABLE ACTIVITIES 2025 2024 Siall'LOSIS R¢ni and rates Insurance 620.553 31,665 11,279 511,258 1,120 24,61 1¥4,616 19,930 12.471 372411 7.291 TrJi'elling SundtTr LxpKndiiurc Rcpdirs and renewals RLfrL'%hrn¢nL% fi)r Y(iung PTrple C'leaning Trairting proj¢¢ts I'l. Lonsumables 79.081 1(1,574 29,887 9.911 258 50 2,160 308 35,083 15,932 J,349 ('harilabl¢ di)nuli()Ths li)t()r i'Lhicl¢ ¢xp¢ns¢s IrrLLI)I'Lrahlc N'A. 4,860 40J91 17.010 fi.490 1.190$82 SUPPORT COSTS (ii)ILman¥¢
ri)I'i%ion (IfcduLalionJl 5CTh iCC5 43.833 NET INCOMEIIEXPENDITiIREI Nii lniomell¢xrndlLYr¢I LS siaiid ofl¢r ¢harB1nWl¢rlIIn8). 2025 2(F24 I)eplatIon . owm¢d as5¢ts Othir op¢ra¢ing l¢as¢s 17.010 6,4YO io. AUDITORS, REMUNER4TION 2025 2a24 Fees Paable to ¢h¢ charity'5 audilors and their a5KKiatts for the audit of the charitJ'% finanLial %taiemenLS Page 16 C4)niinued...
THE EIsCoTE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued for the )'tAr ettdtd JI August 2025 TRUSTEES, REMUNEK4TIOP4 AND BEPIEFITS There ii'ere no trllstees, r¢mun¢vdiion or other IerIts for the )"ear e1&Xl 31 August 202) nor for the year ended 31 August 2024. Tru5tee5' expenses DuTing th¢ vcar no tru¥t¢e$121)24: IK) trust¥esl ii"¢r¢ r¢itvbur%d ¢.$¥9. 12. STAFF COSTS 2(124 WagLs and salaries Si)Lial SLLuritJ LOSIS OthLr FLn5iun Lx)5tS' 581,964 31.254 40,64.4 62(1,553 WugLs and lrieS ir)clud¢ &gcnLy sthtrcosts iothllin8 £273,39712024.. £156,(M)81. I'h¢ av¢rag¢ monthly numrOremPloY¢es during ih¢ vur M'as gs follo$.. 21124 l)Ipuiv h¢Jd IIL,hai ic)ur IL'ad AtILndanLL l)Il¢LL'r Admin ApprLntiLL I li8hL'r IL'i'el leaehin8 assislanis C'arLukiT io 20 25 The number of employecs mplo¥e¢ b¢n¢fits lexrludin8 anplo)'¢r pth5ion c05151 excecdcd £6(I,UOO was.. 202.8 2024 £60.001- £7a,IXM) £80.00 I - £W.(MM) The total arnount paid ke Tnanagffllltnt 5¢1 during ihe &ear lia5 £83.86712024- £77.3011. Page 17 C4)niinued...
THE EIsCoTE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued for the )'tAr ettdtd JI August 2025 13. COMPARATIVES FOR THE STATETrIETr4T OF FINANCIAL ACTIVITIES Unrestricted funds Reslricted runds runds INCOME AND ENDON.[ENTs FROM C'haritable a¢tivities Proi'ision (If ¢duLaiional y¢Th ices 1.330,983 1,3iO,983 Ini'e5tmeni incom£ nthLT inuirn¢ 1,369 11.369 105 Total 1.342.457 1,342,4i7 EXPENDITLIRE ON Rui%ing lund5 730 730 Charltablt *ttlvltle$ l)ri)vision (Trf luLatiOnal ser%'ice5 1.072,952 l.(k72.952 ()thLr 4.017 Total 1.077.699 l.U77.69Y Nl 8ains ()n ini'L'siments 17.81111 NET INC.'OME 282.646 282.fy40 RECONC'ILIATION OF FU•4DS 650.334 650.334 TOTAL FUNDS C.'ARRIED FORM'ARD 932.980 9.12.980 Page 18 C4)niinued...
THE EIsCoTE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued for the )'tAr ettdtd JI August 2025 14. TANGIBLE FIXED ASSETS L4uiprneni in Pods and siora8e Ltrdsehold impro%'ements otrice equipment Totals At I Sepl¢mb¢r 2024 Additions 10ffj74 l.951 17.167 l4.979 2.927 41.668 19,816 69.272 39.910 At 31 Au8USt 2025 111#*74 19.118 17.91 61.484 109.182 DEPREC.'I,ITIOP4 At l 8ipiLmbir 2024 1Offi74 l.951 2.750 4 J14 24.632 11,393 40.007 17,010 At 31 August 2025 Illh74 NFT BOOK I'.41,IIE At 31 ,luguil 2025 16J64 IOJ42 At 31 Au8U¥t 2024 12.229 17.(136 21).265 FIXED ASSFT INVFSTMF.NTS ini'c%tmcnL MARkF.T I'AI,IIE At I SLpILm'r 2024 Additiiin. 267.888 loo.10 13.7671 32,242 lalUatIl)ns RL15%1riatil)nl¢rdn5rer At 31 Au8USt 2025 J96 075 NET BOOK VALUE At 31 Auut 21125 396.07$ At 31 August 2024 267.15811 There were no inN'eslm¢nl a55etS Outside the UK. Cost OT valuation at 31 Au8usI 2025 is represcntcd bv-. Listed inv¢SteNtS Valuaiion in 2025 Cost 49,842 346,233 396,075 Page 19 C4)niinued...
THE EIsCoTE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued for the )'tAr ettdtd JI August 2025 16. DEBTORS: AMOUNTS FALLING DITE WITHIN ONE YEAR 2025 2024 Trade debtors Othcr debrS Stal'f loans 'AT PT¢paTrm¢nts 194J41 447 39,161 5.814 336 .$.284 13.8(I9 213J81 51,516 All debtors arc Iinancial asseis thai are mtrdsured ai amortis&] cosi. 17. C.'REDITORS:,IMOLINTS FALLINC DIIE M'ITHIY ONE I'EAR 2025 2024 Trad¢ ¢r¢diiors %ciLiJI SLLurit> and other Li¥es 13.437 23.063 6.678 12,786 7.721 4,4)4 A¥iruLd ¢Ypinscs 111.594 All ir¢(lit(irs Jr¢ linJn¢ial liJbiliii¢s m¢asur¢d ai amortiscd 18. LEASING ACREEMENTS Minimum puvmLnib und¢r non<anc¢llabl¢ Oaling Icas¢s fall du¢ as folloiis.. 2025 2Q24 Within one Year 333 2,078 19. ANALV'S15 OF NET ASSETS BETIVEEN FUNDS 2n24 lJnres(riL%ed runds Resiricied lun¢ls funds I".ixLxl 0515 Ini'e%thienis CurrL'nt d%sets Currlnt liabiliiic5 29.2fy5 2h7,888 654,4?] 18.5941 396.075 1399.684 56.0641 396.074 1,299,684 J.691J60 1,691 932,980 Page 20 C4)niinued...
THE EIsCoTE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued for the )'tAr ettdtd JI August 2025 20. 10VEMENT IN FLf4DS Nei moiemerti in fllnds '] ransfers i)dM'een funds At 31.8.2i Ai 1.9.24 Llnrestricted funds CTvn¢rJl fun(1 DvignateLI tix ass¢t fund Dcsisnated prcmiscs lund 403.716 29.264 1,239.911 39,911 1300.0(M) {17,01111 1,200,IMKI 932.980 1.691.860 TOTAL FUNDS 932.9811 758180 Ih91.860 Nei movemeni in funds. inLIL¥Jed ir) the alx)i'e are as follo5. Incomin8 res()urees Re)UrLy5 ex[dl1 ains and 105SCS MovcniLnt in lunds Llnro¢rl¢ttd fund$ (T¥n¥rJl lunJ l)LignatL.d IIXLQ assL't fund 1,970338 1122&$90 117.0101 32,242 17.0101 1.97O.2J8 43.6001 758.880 TOTAL FUNDS .970.238 1.243.61KI) CompAratlvts for movement In fund5 '] Tiinslirs mi)iim¢nL in lunds AL 31.11.24 Ai 1.9.23 Unrestricted funds (Tin¢ral lund l)LignaLL.d lixed asset fund 64I).530 9.798 2RY.137 6.4911 125.Y571 25.957 29.2( 650.334 282.646 932.980 TOTAL FUNDS 650.334 282.646 932.980 Comparatiie net moN'erntnl in funds. Includ in th¢ arc as folloMs= Inc()mirt8 rcsourecs Re4)urL% Ciain% and losscs M()vement in tunds Llnrestricted fund5 G¢n¢rJl lund De%ignated fixed asset fund 1.342.458 11.071.209 6.4¢) 17,888 289,137 6.4911 1.342.457 1.077.6991 17.888 282.646 TOTAL FUNDS 1.342.457 1.077.699) 17,888 282,646 Pa2e21 C4)niinued...
THE EIsCoTE SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued for the )'tAr ettdtd JI August 2025 20. 10VEMENT IN FLf4DS- continued The gerternl fllrtd is a%ailabl¢ for lls¢ at the dis¢r¢iion oftrUeeS in furtheranc¢ of the general obje¢ii¥es of the charitv. I'he designated fixed assd fund represents ihe acquisition of fixed assets and the depreciation charged thereon. The d¢si¥nat¢(I pr¢mis¢s fund r¢Pr¢t5 fund$ sd id¢S for Lharitv to s¢cur¢ lh¢ l(In¥-wrTh use of ils pr¢mis¢s through future improi'emeni iiork and cosis &ssociaied iviih obthining a fornial agreemeni th do so. 21. RELATED PARTI. DIS(.'LOSIIRES Th¢rc ¢rL. no r¢larLd tyansa¢¢ions for the v¢ar 31 2025 or th¢ Near cttdL 31 August 2024. 22. PEPISION COfvImITlENTs Thi ¢ompithy tsPLYii¢¢s a ditioL Looiribu¢ion wosion schcnic 14.hosc asscts arc h¢ld b!, indenden1 Inanascrs. I'hL PLnsic)n ¢hargL repres¢'nis Lonirl11ions du¢ from th¢ c4)mpdn! and amounied 10 £9.577121124 - £7.3351. At Ihe yLar end ihere M'as a balance OULStandin8 amouniin8 to L4.()IM12U24- £9501. Page 22