Reglslered numbgr. 08011951 Charlty number: 1148086 UPLANDS ENTERPRISE TRUST {A cothpany limlted by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11111111 •AF2)N8R5' 21￿5/2026 COMPANIES H¢XISE A13 #79 VPLANDS ENTERPRISE TRUST (A Company Ilrnlted by guardnteel CONTENTS Page Refere￿8 and adfflinistrativ• details of the Company• Its Trustees and advisern Trustees. rgport Independent auditors. report on the financial stat•m•nts ststement of financial activities 12-15 16 Balan¢9 sheet 17 Statement of ￿$h flows 18 NolK to the financial $tat*mènts 19-34 UPLAN￿ CNTC.RPR13E TRUST (A Company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAJLS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees D A Dinsey. Tnjstee S J Dinsey. Trustee J A Fieldwick. Chair P Hdme, Trustee C D Sims, Tnjstoe J Smrth. Trustee A J Stone. Trustee O R Boden. TnAslee (Resigned 19 September 20241 O West. Trustee {appointed 3 June 2025. resignèd 27 Juty 20251 Company reglsterod number 08011951 Charity reglslered number 1148086 Reglstered offl Strattm Road Swindon SN12PN Company $Krelary L Carter Chief executlve officer J Fielthmck Independgnt audltois Regulatory Audrt Accountants & statuwA￿ V￿arage Court 160 Ermin Street Swndon Wiltshire SN3 4NE Soliellors stor￿ King LLP Boundary House 91 chartert￿￿Se Street Lond ECIM6HR Page 1 UPLANDS ENTERPRISE TRUST IA company limlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report togetrw ￿ the audrted financial statements of the Uplan(Js Enterprise Trust for the year 1 September 2024 10 31 August 2025. The Annual ￿[￿rt serves the purposes of both Trustees, ￿port and a directors. report under company law. The Truslees confirm that the Annual report and financial statements of the charrtable company eompty with the current ststulory requirements. the reqviremenls of the charitable companys govemin9 document and the provisions of the Stslemenl of Recommended Practice ISORPI applicable lo tharities Preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeciive 1 January 2019). Since the C¢)mpany qU8lrf￿S as smal under Section 382 of the Companies Act 20C6, the Strategic report required of medium and large companies under the Ccthpanies Act 20C6 (Strategic Report and Directors. Report) Regulations 2013 has been omthed. OWe¢tlves and adivltles . Pollcles and obJectlv•s The oty'ective5 ofthe chanty are". To advance for the public benefit education in the United lthtwjdom. In particular L￿1 wrthout prejudice to the generality of the foregoing by devejoping. fflana9￿9 and providing. either directly or through third Pa￿'eS, education and training to pu￿15 at Uplands Schod in swind￿ (or any SLttessor schcol to rti", Promoting for the benefft of the inhatstants of Swn(kn and the surrwwjing area the proviswJn of facilities for recreation or other leisure bme occupath.on of indmduals v*ho have need of Such facilities by reason of their y￿th. age, infimity or disatAement, finanual hardship, or social and economic ￿r￿jm$tance or for the public at large in the interests of socral w*fare and wth the object of improving the ¢OThJ￿Qn of life of the said inhabitants; and To advance he8Jth and relieve thsabilrty by improving ￿ morale, confthnce, welkbeing, skill$. and abilities of those deemed vulnerable. In setting objectives and planning for aCti¥￿e$. the Trustees have given due conshderation to general guidance put￿lshed by the Charity CommL8sion ielatiThJ to benefit, induding the guidance 'Public benefit.. runni￿ a charity {PB2)'. b. Strategies for achieving obiectiVg5 Thr¢w￿Ul 2024r2025 UÉT achieved its mission thrw a deady defined strateg￿ Plan, Iranslaling Mission Objectives into measurable Strategic objeth.ves ISOS) and Key Perfomance Indicators IKPlsl. Strategies inelude delivenng tailored, hi*quality SerVi￿S across S￿"115 for Life, Skills for Work. and Bespoke programmes., embedding safeguarding. wellbeing. and indusbve wactso", inveslir& in staff development and wellbeing.. applwng rigorous quality asSUrar￿e and complianee frameworks". fostering cknllaborats.ve partnerships," and integrating leedback from young peo￿e. families. an¢J stskeholdefs. Progress is monitored through RAG-rated KPIS, forrnal Trustee Over￿ght. and SLT reFX)rbng. ensuring all actNity aligns wth UET'S vision, promotes public benefit. and drives suslainable growth IMP￿1. Page 2 UPLANDS ENTERPRISE TRUST IA company limited by guarnntsel TRUSTEES. REPORT (CQNTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Oblectlves and actlvltlos {¢ontlnued} C. Actlvities undertaken to achieve objectives In 2024125, Uplands Enterprise Trust IUEf) continued to ddr¥er its mission of supwting young people and adults with adt1itional needs lo devdop Skills, confidence, and community engagèment. Activities were structured across three tsilored progTammes". Skills ft)r Life. Skills fof Work. Bespoke, offering personalised leaming, work experience, enlerwise projects. and wellbeing support. The UET Farm PTowded IheTapeutic outdoor education, including animal care, hortiujlture, and practieal Irfe skills. Staff devélopment and quality assurènce were Pfioribsed. wlh d￿lIa1 plattoms enhancing monrtoring of Individual Skill Plans and outeomes. Community en9agement Was St￿ngthened thiough Volunteering, enterprise. arKI partnership initiatives. while fvndraisin9 enabled investment in equipment and accessibilrty projects. Governance. safeguarding, and risk management were rigorously maintained by Tnjstees and the Senior Leadetship Team. Collectively. these activities achieved high-quality servirE delNery. staff excellence. and sustainab*, impactful PTacb"ce. enabling UET lo support over 120 young Fecple and adults in leading purposeful, fuffilled lives. d. Soclal investmenl policies UET'S social investment policy reflects our commitment to ath￿￿n9 measurable communty impact alongside financial sustainatslity. Trustees ensure that any social inveslments align dosely ¥￿th our charitable objects. support indusive growth and deliver positive outcomes for benefiaaries. Opportunib'es are assessed for. both soryal value and financial FKudence. with appropriate due d1lvjen￿ and ong(xng review. This apwoach enables UET to strengthen communtti'es while maintaining resFonsible stewardship of resources. e. Granl-rnaklng polici The Charity's grant-making plyicy ensures that all awards are al￿rted with our charrtable objectives and deliver cleai. measurable benefit to ¢)ur beneficiaties. Trustees appty a transparent, equrtable and evidencevinfomed approach, wlh approwate due dilKJence and monrtoring lo ensu￿ funds are use(J effectively. Grants are viewed against impact and value for money. supporting sustainable outcomes while maintsinirYJ iobusl financial stewardship and aecountsbility. f. Volunteers The Charity values volunteers as essenb.al partners bn delivering its mission. Our approach ensures that volunteers are supported. trained. and fvlly integrated into our activities, fostering a safe. inclusive. and rewarding environment. Trustees oversee poliaes that re￿nISe their contributions, ensure ￿mplianCe wrth best practice, and pyomote wdlbwrvj. By ervJaging vdunteers thoughtfully, UET strengthens community conneclions. enhances service del￿ery, and builds capacity, refiecting our rDmmrtmenl to collaboration and shared impact. g. Plaln activitles undertaken to further the Company's purposes for the public benefrt During the year ending 31 A￿jUst 2025. UET has 8dNety Pursued its charitab￿ wKpose for the Publ￿ benefit through a range of inrtiatives. Key actNrties inclLhJed delivering educab.onal and therapeutic programme$, expanding communrty engagement proiet#s. and providing a¢￿SSIble opw)rtunilies for skill development. personal grovrth. and exper￿ntial leaming. Trustees have overseen the strategic development of new seThices. ensuring that aclivrtw remain inclusive. impactlul. and alvJned organi5ational obJ"ectives. Through partnerships, volunteer en9agemenL and evidence-based Practices. UET has strengthened ts reach and outcomes. ensufing that resources are effec￿VelY appl￿￿ to creale meaningful, measurable benefrts for indNiduals and the wder ct)mfflunty. Page 3 UPLANDS ENTERPRISE TRUST IA c¢)mpany Ilmlted by guarant￿) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and ￿rformanCe a. Maln achlevemènts of the Company DurirKJ 2024125, U￿OrKI$ Enterprise Trusl (UET) Continued to thrive as a kading S￿rK10￿-based ch8rity. supporting over 120 young people and adults IYP&AI ¥Mth addibonal needs. The year marked si9nific8nt growth across all provisions, indLKling Skill$ for Life. Skills for Work. and Bespoke. with additional YP&A enrolled in the Skills for Ever programme. UET strengthened ils qualty and safeguarding framew¢yks, ¥thile embedding digital systems to m¢Milor progress. iThJivKlual sknll plans. and outcomes effects"vely. Enlerpnse inthatives expanded. providing meaningfvl work experience in hospitalty, Co￿, fam. and business operations. Commun engagement deepened thrwgh ￿llabOratiVe projects and enwfonmental intiiatNes, while fundrai$iThJ enabled enhancements such as sensory equipment and outings. Strong govemance and a committed Senior Leadership Team ensured complian￿. risk management. and slralegr oversight. UET maintained financial resilien¢e with £2,427,772 income and reserves suffioent for three months. opLYabons. pO￿tIon1r￿￿ the charity for continued gr￿￿h, inrKJvab"on, and h￿h-QUaIty P)sl-edief. skills. arKI community indusion is realised through structured provision$.' Skills for Lrfe, Skn'lls for Work, Bespoke. arKI UET Fam. Key success fadors indude rigorous quality assuran￿ frameworks, continuous staff development. safeguarding, and innovative, inclusive leaming owrtunities. Strategic objeth.ves are monrtored vo KPIS and RAG4aied ￿views, ensuring measurable Impact. Growth is carefully planned. supported by strw financial rnanagemenl. fundraising, and commun patherships. enabling UET to expand serrtes while mankn.niry hbyh standards and rM)sth"ve outcomes for over 1 CQ YP&A. e. Fundralslng a¢tivitl8s and in¢om• geneAtion Wilhin 2024r2025 UET were very fortunate to have receNed grants for a total of £30.000 through successfiJl applieations ccrfnpleled by Caroline Dent. This ccM)&sted of É10.000 from The Bally Thomas Charitable Fur￿ & £20,000 from The National Lottery Fund. UET are sth"Il part of Swindon Commfftriy LfAtery. Eas￿ndraISIng and Amazon Smile for which we receive monies. UET received no comF4aints atQLrt fiJndraigThJ activiti.es during 2024r25. f. Investment poltey and perfomiance The Charitls investment pc4icy is designed to safeguard capital W￿le 9ener&'ng sustainable retums to suppc our thantsble objectives. Trustee$ adopl a prudent. risk-avr4re appioach. ensuring investments are ethically managed, (liversified. arKI aligned wlh long-temi strategy. Thr¢)whoul the year. performance has been carefully monilored, demcw)slrab"ng steady growth and reglience in line wrth ma(kel ￿nditions. This disc¢plined approach enables UET lo maintain financial stability. sup￿1 ¢)peraticns. and provide for fulure development. Flnanclal revlew . Going coTrc•m After making appropriate enquiries. the Trustees have a reascTh2ble expectatK*n that the CcAnpany has adequate resources to continue in operats.onal e￿Ster￿e lor the foreseeable future. For this reason. they continue to adopt the going concern ba%s in preparing the finanoal ststemenls. Furlher details regarding the adoption of the going concern basis can be fwnd in the a¢countirKJ Page 5 UPLANDS ENTERPRISE TRUST (A Company Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 b. Reser4es policy Al the forthcoming AGM. Trustees will miew the Ch8rTWs ReseNes Policy to ensure it refle¢ls best Fyactice, current operatsng realiljes and emergiffj sector risks. considerats.on will be given to maintaining appropnate levels of finanaal resilience while also enabfing $tralegic gro¥th. In light of reapworld economi¢ pressures and increasing demand, the Fdicy wll supp)rt both the protectK)n of e￿$b"n9 assets and the sustsinable develoFYnent of ad¢Jitional srtes. At the year erKI the TnJ5t has total bjnds of £990,9￿ (2024.. £706.448). Of those ￿nds, £62.457 are held as reslncled funds arKI £115.282 are hekl as tangib￿ fixed assets. The free reserves al 31 AugL¢St 2025 are £928,533. The Tnjslees a￿ confident that the tn*l can continue lo opetate wrth rts reserve$ lo reflect approximaldy 3 months of wnning costs. . Matsrlal Inveslmgnts polky UET maintains a prudent an¢J transparent aPpr￿h to malerial investments, en$uring that all funds are managed in alignrrsenl wth OUT charitable obJ'eets"ve$ and risk appth'te. Trustee$ oversee investment deagons lo safeguard capital while seeking appropriate retums to suppx)rt long-lemi sustainaknlity. Investments are diver$ffied where appropriate, eth￿IlY ¢￿51dered. and regularty to ensure continued suttability, compliance, and value for money in advancing UEfs strategK aims. Page 6 VPLANDS ENTERPRISE TRUST (A company Ilmtted by guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 d. Prlnelpal rlsks and uncertalntles The UET Board of Trustees has rewth¥ed the major risks to whth the Trust is exposed together wth the operating, finanaal and compliance controls that have been implemented lo mrtigate those risks. The principal risks uncertwnts.es f8urKJ the Trusl tre as fdl Failures in goveTnanee arKUor management - the risk in this area arises from polenb.al failure lo effectively manage the TrusY5 finances, intemal controls, complianee wth ￿ulationS and legislation, slalulory ￿tum$ elc. The Trustees eontinue lo revw and ensure that appropriate measures a￿ in pbce lo mitigate these risks Reputational - the continuing sueeess of the Trust is dependent on conb"nuing lo attracl applicants in sufficient numbers by maintaining the highest standards. To rn￿"gate this risk Trustees. ensure that a fLbll quality assuranee framework is embedded across all areas of UET and is closety mOnrt￿ed and ￿￿ewed. Safeguarding the Trustees conts.nue to ensure ttlat highest stsndards are maintained in the area8 of selection and monitoring of staff. the operation of child and vulnerable adults, prOteC*c￿ wjlieies and procedures, health & safety and discipline. Staffing - the success of the Trust's is reliant on the qualrty ol its staff and so the Trustees moni(or and review polic￿$ and pr¢xedures to enswe rA>nts"nued devdopment arthj trainin9 of staff as well as ensuring the￿ is clear succession planning. Fraud and mismanagement of fvn¢Ys - Al fwnce staff receive training to keep them up to dale with finaneial practice requirements a)d develop their th"Ils in this area. The full Board of Trustees met 4 times during the per¥cvJ 1st Septemter 2024 to 31st ALigust 2025. The AGM took place on 24th April 2024 at Stratton Road. Swinth. SNI 2PN. Al each of the meetings the Trustees reviewed the charities, current a¢livty and reviewed UET'S $tr*egic and fina￿la1 planning and the operational activity and developmen1$ of the chanty. StaTrJing items on the meeting agendas include the review of the UET Risk Register and wriiten reports from the Director of Operations and Head of Servi￿, including a finance update from the Link Finance Trustee. Management Accounts are also rewewed monthly wth the Principal Trustee, Jackn'e FiekthMth. The Trusteos consider any risks using a risk evajualion maln'x loperationaj. knowledge & people. financial. complia￿e and reputation) may affect the tru$l. It assesses the risk impact, the risk likelihood, arsd the conlrd procedures in pk¢e, ensuring Ihat 'red' risks are idenbfied and appropriate strategies for the mitigation of any risks are idenlffied. The Board monrttys the imtyementabon of these strategies and reviews the risk regislei at each Board meeting. e. Flnan¢lal rlsk manag•men¢ oblectlves and polkles In 2025, the Trustees have lurther strengthened UET'S financial risk management framework, building on the robust foundation established in 2024. While the previous yEar focused on identifying and reviewing risks across Reputation, Operational. Knowledge & PeoFle. and financial calwes, this yearfs approach incorwrales enhanced monitoring. scenafK) planning, and real-time financial oversight. Controls and mrtigation strategies have been expanded lo address emerging sector challenges. ensuriThJ eontinu&l compliance. resilience, and protection against fraud or error. Unlike 2024, risk management is more dosely integrated into strategic decision-making, supporting both the safeguarding of existing asset5 and sustainable growth. including new siles and services. Regular fornial reviews wth Trustees and senior leadership continue. ensuring that policies remain current. effe￿1ve. and alKJned with best practi￿. These improvements ￿flect a deliberate evdution of our risk framework. balancing prudent slewardship wih the ChènWs ambitions for lorKJ-lem impact and organisational devekjpment. Page 7 UPLANDS ENTERPRISE TRUST (A company Ilmited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 f. Prlnclpal fundin9 The trust's main income source is from Adult Soo"al Care frjnded packages and placements. NHS pla¢ements and Direct Payments received from parents and carers. with £2.359.745 income received in 2024125. Struclure. governance and management a. Constltutlon Uplands Enterprise Trust is regL8lered as a dwritable CoMp￿Y limrted by 9uarantee and was set up by a Trust deed. b. Methods of appointmont or election of Trnste•s The management of Ihe Company is the responwbilty of the Twstees t*tho are elected and eO•opled under the terms of the Trust deed. . Oryanisational structure and decision4naking policies TrusteeslDiretlor$ govem the charrty and set the overall strategy, 0￿.e¢b.¥es and krgets. The strategic and operational management of the trust is delegated lo the Senior Leadership Team ISLTI. The DI￿¢101 of Operations and Head of Service form the UET Senior Leadership Team ISLT) and are responsible for strategic and operationd leadership of UET. Page 8 VPLANOS ENTERPRISE TRUST IA c4>mpany limltsd by guarantse) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structsre. governance and management Icontinu•dl d. Poll¢les adopted for th• induction and training of Trustees The Trust has 7 Trustees whj are aso directors of the company. The Trustees all have a background in either Special Educational Needs and Di5alN"lrties ISENDI Educath)n. Health arKI Social Care. Finènce, HR, Heath & Safety, Governance and Risk Management or come from a local busness or charity sector ￿ckgrOund. Three of the seven Trustees are also parents of young peoF4e ￿ addthonal needs. The Trustees were recruited through thetr connection Nvith Brunel Academies Trust arbd the local community or recruited externally via the volunteering nehvork. Inyolve Sw"n(Jon. Twslees l)old an Annual Visioning Day to discuss and agree UET'S 5 Year Strategic Plan and vision for the frjlure. Nth￿Y appointed TNstees receive orE-tO-one induction training from the Prinapal Trustee to understand the Trustees, robe and responsiknlities. the needs of the cohort and the w￿k of the Trust. At the Annual General Meth"ng hekj 24th Apn"12024, Mr Chris Sims. Mr Jeff Smth and Mr Derek Dinsey. retired. Fojlowng a proposal from JackJ"e Fielthw"ck which was seconded by Mr Daniel Boden, Mr Chris Sims, Mr Jeff Smith ar￿ Mr Derek Dinsey were each rtrappointed for a further lerrn. This was unanimously agreed by all Trustees. Mr Philip Helme was appointed and welcomed as a Trustee on 15th August 2024 and Mr Daniel Boden resigned as a Trustee on 19th September 2024. The Trust is very fortunate in hamng a str(ThJ Board of Trustees ¢￿ts"nUally stn.ve to develop and grow their knowledge. The Tiust is graleful lo each of the Trustees for their commrtmenl and enlhugasm and the work they have done for the Trust throughwt the year. The Trustees would like lo express thai sincere thanks lo Mr Daniel Boden for his commitment and support of the Trust during his ts'me as a Trustee and would also like to express their grattlude to the patron of UET. Mr Willram WWdbore-Smith. for supporting and promoting the work of the UET through hts wider charilable wrrt ty)Ih Ioc81ty and nab'onalty. The Trust woukl like lo thank all staff and managers for Iheir dedvbon, commitment and hard work and would also like lo express thanks lo all the local. regi¢)nal and nati￿al bu￿ne$S partners have prowded volunteers, donatsons. grants, and raised funds for UET. The Trust relies on donations received and the g￿rosity arKI enlhugasm of our fomial and informal partners wthose supwt is invaluable to the work of the tharily. e. Pay poll¢y for key management pernonnel Key per50Mel's remunttation pxkages a￿ agreed by Trustees through their pay Oicy. as apwntments are made the roles a￿ defined and assessed against the market to N4ents"fy a salary rarrfJe and job description. Key personnel can progress I￿1n Ih•r role piowth.ng perfomiance management targets are achieved wrthin the defined benefits of the salary grade. The perfomiante management framework is a cyrltsl ￿vieW completed on an annual basis. f. Related party ￿lationshipS Brunel Academies Trust (BAD and rts s￿>dI8ry e(¥npany Brunel Educalion {BEI work closely wlh Uplands Enterprise Trust. The Pnnupal Trustee. Mrs. Jackie Fieldwick. is a TrusteelCEO of both BAT and BE, Mr Philip Helme is the Chief Operating Officer I ch.ef Finance Officer for BAT and BE. aThJ Mr Chris Sims is a Trustee of both BAT and BE. ugr's patron. Mr Williarn Wyldbor& Smth. is a150 a Trustee of both BAT and BE. Page 9 UPLAND￿• CNTCRPRIVC TRVeT IA eompony limit¢d by guarantoo TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Plans for future periods Future Plans and Slrat•gic Priorl¢les- Uplands Enterprise Trust IUET) strnngthenlng Leadership andReporting UET wll refine govemance and reporting structures to ensure Clear accujntabilty, streamline decision-making, and reduce ￿lIanCe on single wnts of failure. Enhanced communication be￿een Trustees, the Senior Leadership Team ISLT). and prowsi(M) leads thill strewn ove￿9ht. safegu*d cOnti￿lty, 8ThJ empower ¢)peralional teams lo delivei effecb"vety. Drfvlng Gn>wth and Ente￿riSe Excellènce Expansion of UET'S programme$ remains a strategie pri¢W. Enterprise inrtiatives will be further developed to tKoaden work experien￿, increase produdion ourputs. and deepen communrty engagement. Grovrth wll be un¢Jerpinned by robu$t KPIS and qudity assuranc£ frameworks. ensuring that cmjtcomes are measurable. transparent, aTrJ aligned with mission. Ensurirtg Financial Sustaln•bility Financial slaknlity wll be mainiained through strenglhene(I control mechanisms. detailed reporting, scenario anning, arKI active M￿rtoring of reserves. These measures provide Cp)nfidence in the organisation's ability lo fund Its mission, invest in h*3￿¢wa￿ty senrices, and respond to fvlure oprx)rtuniti'es without compromising standards. Exploring New Facilitles and Sftes To meet ri￿ng demand, UET will explore new fa¢thh'es or sites wtthin Wiltshire. balancing expansion with the need to maintsin personalised, high-quality support. Short-term propety solutK>ns wll be considered to acccAnmodate growth while enswing continLMty of Care and leaming. Empowering Exceptional Oirtcomes All initiative5 r￿nfOrCe UET'S core MI￿On.. enat4irb3 Y￿ng p*e and adutts with adth'on81 needs to le&J active, valued lives. By strengthening l&*rship, safeguartling oFeralional ￿$11tence, ano embedding financial and organisatsonal Susta￿￿￿"lrty, UET w￿1 conkn.nue to innovate. expand. and deliver exceptsonal Ou1￿Me$ for ils community. Page 10 UPLANDS ENTERPRISE TRUST IA company Ilmltod by guarantso) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Statement of Trustees. responslbllllles The Trustees (who are also the directors of the Company I(￿ Ihe purposes of company lawl are ￿$￿)nSible for preparing the Trustees. report 8NJ Ihe finanrjal ststements in accordance with applicable law and United Kingdom Aeeounting StarKlards (Unrted Kingdom Generalty Acopted AttiJunts"ng Praclicel. Company law requires Trustees to prepare slaten￿ts for each finanual yw. Under c4)mpany law, the Twstees musl not approve the financial statements LJnles$ they are satisfied that they give a true and fair view of the stale of affrdirs of the Company arKI of rt5 incomin9 resourcEs and apF4Thtion of resources, including ils income and expendrtufe, fty that period. In weparing these finanual ststemenls, the Trustees are required lo.. select ￿lIable a¢￿Unting pcAicies and then appty them eongslenuy,. observe the methods and pnn¢iples of the Charitses SORP {FRS 1021., make judgments and accounting estimates that are reaSona￿e and prudentr, stale whether applitxble UK Accounting Standards IFRS 102) have been fomowed. subject lo any material departures diKlosed and explained in the financial statements.. prepare the financial slalemenls going conom basis unless it is inappropriate to presume that the Company will continue in bugness. The Trustees are resp)nsble for keeping adequate acc(KmtirvJ reccrfts that a￿ suff￿ent to show and explain the Compallls transaction5 and disclose wth reasonable accuracy at any bme the financial position of the Company and enable them to ensure that the financK31 ststements compty wth the Companies Act 20C6. They are also responsible for safeguarding the assets of the Comparry and hence for tsking reasonable steps for the prevention and deteth.on of fraud and other iirwlarities. Dls¢lo$ure of inforniafjoft to auditors Each ofthe persons are Trustees al the time when this Truskes. rewt is apF￿Ved has c4)nfirmed that.. so far as Ihal Truslee is aware. tsre is no relevant audit infomBI￿n of which the chartys auditors arg unaware. aTr that Trustee has taken all the steps that ought lo have bèen taken as a Trustee in order lo be aware of any ￿levant audrt infomation and to estsblish tI￿t the chanws audrtofs are aware of that information. Audttor4 The auditors, Regulatory Audrt. have indicated their V•illingness to contsnue in office. The designated Trustees will propose a motion rewoinb.ng the auditors at a meth.ng of Ihe Trustees. Approved by Lyder of the members ofthe board of Trustees on 18 March 2026 and sw3ned on their behalf by.. CDSbr Page11 UPLANDS ENTERPRISE TRUST IA company. Ilmll•d by quaAnteel INDEPENDENT AUOITORS. REPORT TO THE MEM8ERS OF UPLANOS ENTERPRISE TRUST Oplnlon We have audited the finanual statements of Uplands Errterprise Trust (the 'tharilable companll for the year ended 31 August 2025 vknich Comprise the Statement of finan￿al acb"vrties, the Balance sheet, the Slalement of cash Ilows and the relate¢J notes. including a summary of signthcant accounting pdicies. The finanek31 reporting framework that has been apiYieS detecl a material misstalemenl when it exists. Mi5Stalements can arise from fraud u error and are considered material if, indmdually or in the aggregate. they could reasonably be expected lo influence the ewnomic decisions of users laken on the basis of these finanoal sL*ements. Irrogularits'es, irtluding fraud. are instances of r￿Tr￿Comp1vance Mth laws and regulations. We desgn Procedures in line with our responsibilth"es. ¢yJiJined above, lo deleet material misstatements in reyct of irregulaTrties. including fraud. The extent to wtu.ch our prrtsdures are Capable of detecting irregulariil'es, including fraud is detailed below.. We have Conside￿d.. the nature of the charity and sector, COrrtr￿ enmrcrfwnent arKI operating perf￿MOn¢*,. the tharity's own assessment, induding assessments made by key management, of the risks that irregularities may ttCAJr either as a ￿sUIt of fraud or errcr. any matters we idenb.fied hawng reweweo the chartys poliae$ and Procedu￿ ￿lating to.. identifying. evaluating and 0)M￿￿r￿j tmth law5 and regulations and whether Ihey were aw￿8 of any instances of nOrFcom￿lance. detectin9 ar￿ respondiTVJ to the rbsks ol tra￿ and whether they have knth￿dge of any actual, suspected or alleged fraud.. and the internal controls eSta￿•Shed to mrtigate risks of tr￿d or non-eompliance with laws and wulation$', the matters discussed amongst the audrt engagement team. As a resum of these procethres, ￿ ecfisdered the oPF￿Unrt￿s and incenlives that may exist within the organisation for fraud and identsfied the greatest potential for fraud in the areas in which management is required fo exercise significant judgement, such as the di5dosure of adjusting rtems. In common %wth all audits under ISAS IUKI, we are also required to perfom) speufic pr¢Jcedures to respMd to the risk of management override. We also obtained.an understanding of the tegal and regulatory frame4vork that the eharty operates in focusing on prowsions of tho'se laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key Liws and iegulatv)ns we consideied in this Context were the Companies Act, Charities Acl arKI tax legislats"on. Because of the inherent Iwnit*ions of ￿ audrL Ihwe is a risk that we will not detect all irregular￿leS. including those leading lo a matefial misstatement in the finanaal statements or non-eompliance wth regulation. This risk increases the more that compliance a law or regulation is removed from the even15 and transactions reflected in the financial statements. as we wll be less likely to become aware of instance5 of non-c0rnpl1an￿. The risk is also greater regarding Irregu￿ri￿eS occurriThJ due lo fraud rather than err¢￿. as fraud invofve5 inlenlional concealment. forgery. cdlusion, ¢)mission or misrepresentation. A further descripb'on of our resP￿&bilIt￿$ for the audi¢ of the finarrial slaternents is located on the Financial Reporting Council's website al.. ww*.fr¢.¢y .uklau¢Jilorsres on&bilith"es. This description forms part of our Auditors, report. Page 14 UPLANDS ENTERPRISE TRUST (A company limited.by guarnnt•e INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UPLANDS ENTERPRISE TRUST (CONTINUED) Use of our report This report 1$ made solety lo the charilabl? companls members, as a bc*Jy. in accordance with Part 4 of the Charitiès Ikcounts and Report$l Regulations 2008. Our audit work has been undertaken so that we might slate to the Charits￿e companys members those matters are required to state lo them in an Auditors, report and for no other purpose. To the fvllest extent perniitted by law, we do not accept or assume responsibilty to anyone other than the charrtable company and rts membets. as a boty, for our audrt work, for this report, or for the opin•)ns have fonned. Robert Stokes FCCA ACA Isenioi Statutory Auditor) for and on behalf of Regulatory Audtt Accountants & Statutory Audittys Vicarage Court 160 Ermin Slreet SwirKlon Wiltshire SN3 4NE 18 March 2026 Page 15 UPLANDS ENTERPRISE TRUST IA company limitsd by guarantee) STATEMENT OF FINANCIAL ACTMTIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Unrestrkl•d funds 2025 Restricted funds 2025 Total funds 2025 Tot* fvnds 2024 Note Inc¢me from: Donations and legaoes Charitable activities". Learning and Living suptKYt Other charitable actjvities Other trading activrties 22.014 30,000 52,014 16.640 2,376.668 100 1375,658 100 1,783,9T3 307 Total incomo 2,397,772 30.000 2.427.772 1,800,920 Expendltuie on". Charitable activities". All prowsions 2.143.230 2.143.230 1.514.420 Total exp•ndltur• 2,143.230 2,143,230 1,514.420 Net movement In funds 254.542 30.000 284,542 286,5C Reconciliation of funds: Total funds tKought forward Net movement in funds 673.991 32.457 30.000 706,448 284.S42 419,948 286.5L Total funds carrled 928,533 62.457 990.990 706.448 The SL8tement of Financial Act¥￿"eS includes all gains and losses re(xigrised in year. The notes on pages 19 10 34 form part of these finarKial statemenls. Page 16 UPLANDS ENTERPRISE TRIIST IA company limiled by guarnnteel REGISTERED NUMBER: I)0O11951 BALANCE SHEEr AS AT 31 AUGUST 2025 2025 2024 Note Fixed assets Tangible assets 10 115.282 144.699 115.282 144.699 Current assets Ogblors Cash at bank and in hand 11 340.642 648.853 277.396 377,645 989,495 655,041 Current Ilabllltles Credilors.. amounts falling due wrllmn one year 12 (113.787) (93.292) Net current assets 875.708 561. 749 Tolal a$sgts less Gurrent Ilablllllls 990.990 706,448 Nol assots excludlng pgnsk)n ¥￿t 990.990 706,448 T¢)lal net assets 990,990 706,448 Charity lunds Restncted fiJnds U￿estricted funds 13 13 62.457 928.533 32.457 673.991 Totsl funds 990,990 706,448 The Trustees acknO￿edge their res￿n&￿'￿￿"es for eomth.rg wth the requI￿n￿ts of the Act with respect to accounting records and preparth.on offfina￿￿ sLitemwrts. The financial statements have been wep¥ed in accordance the provi9￿5 applicable to entities subject to the small companies tegime. The financial slalements were aFvoved and authorised ￿ issue by the Tnjstees and &'gned on their behalf ty.. J A Fleldwlck (Chair of Trustees) Date.. 18 March 20 C Slms (TnJstee) The notes on pages 19 to 34 fom part of these financ4al statements. Pa9e 17 UPLANDS ENTERPRISE TRUST IA company lknited ty gu•rnnteel STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Cash flows from ¢)per•ting activili•s Net cash L￿d in operating *ti￿lieS 287.822 179.600 Cash flows from Invesllng activilles Prweed$ from the sale of tangible fixed assets Purchase of langibte fixed assets 2,463 (68.204J 116.6131 N•t cash used In Investlng adl¥llles 116,6131 {65.7411 Cash IIow5 from financlng ac¢lvllle5 Not cash provldod by finan¢lng acllvltl•s change In castt and cash equlvalents in the year Cash and cash equivalenls at the beg￿nIng 01 tr* year 271.209 113,859 377,645 263,786 Cash and equlvalents atthe end of the year 648,854 377,645 The notes on pages 19 to 34 fomi part ofthese fina￿la1 statements Page 18 UPLANDS ENTERPRISE TRUST IA company limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S Genernl Infomiatlon Uplands Entefprise Trust is a charitable company limited by guarantee, without share capital. incorporated in England arKI Wales. The registered Offi￿ address and principal ary¥￿e$ can be found in the Tiulees, R8P¢)rt. Accounting poll¢l•s 2.1 Basis of pr•paration of financial statem•nts The finan(aal statemenls have been wepared ￿ xcordarKe ￿ the Chanties SORP IFRS 1021- A¢￿UntIng and Repoiling by Charibes.. Ststemenl of Recommended Pracb"ce applicable lo charits8s preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Irdand IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard applicatrle in the UK a￿1 Republic of Ireland (FRS 1021 arbj the Clyn￿leS Act 2006. UplaNts Enterprise Trus¢ meets Ihe definibon of a benefft entty under FRS 102. The accounts are presented in Skrfing wthic* ￿ the fUncti￿al cUrr￿¢Y of Trust and rounded lo the nearest Fthnd. 2.2 Going concern The trustees assess whether the use of going concem is appropriate i.e. whether there are any material uneertainl*s rdated lo events or enndth.ons that may cast ggntficant doubl on the ability of the charityto continue as a going ccfflcern. The trustees make this assessment in respect of a period of al least one year from the dale of autPKJrisats"¢M for issue of the fin8naal ststements and have concluded that the chanty has adequate resources lo continue in operational existence for the foreseeable future arKI there a￿ no material urKeftainb"es about its ability to continue as a going concem. thus they ¢ontW￿* lo adopt the gowYJ concem ba￿$ ol accounkn"NJ in preparing the financial staterilents. 2.3 Income Al income is rec￿nISed once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured relk?bly. 2.4 Interest Int￿$¢ cn lunds on deposit ts ind￿Jed when receivab￿ and tr*e amount can be measured reliabty by the chanty." this is nomalty upon n¢)trfi&thn of the interest paid or payatle by the bank. 2.5 Grants Income from govemmenl and ¢)ther grants are recognised at fair value when the charity has entrtlemenl after any perfomance ¢C￿￿1110￿$ have been mel, rt is probable that the income will be received and the amount ran be measured r￿￿bly. If enb"lemenl is Mt met then these amounts are deferred. The balance of income T￿•ve￿ fw speofic purposes but rK)t expended durirKJ the period is shown in the relevant funds on the balance sheet. When *￿ItIeffleftt occurs betse income is recebved. the irKLwne is aetwed. Page 19 UPLANDS ENTERPRISE TRUST (A company limited by guarnnte•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounling policies (continuedl 2.6 Donatlons DOnat￿S are recognised a receivable basis where the￿ is certainty of receipt and the amount can be reliably measured. 2.7 Agency arrangemefits The academy trust acts as an agent n thstributing 1&19 bursary funds fri>m ESFA. Payments re¢wved from ESFA and subsequenl disbursements to students are excluded from the ststemenl of financial activities as the trust does not have control over the tharilable applicab.on of the funds. 2.8 Expenditsjre Expendrture is recognised 0￿e the￿ is a legal or Constructive obligation to transfer ecor￿mie benefit lo a Ihird paty, it is yyobable that a transfer of economic benefits will be required in sethement and the amount of the otjigation can be measured reliably. Expenditure is classified by activity. The costs of each actNrty a￿ ma(Je up ol the lolal of direet eosts and shared eosls. induding support costs Involved in undertaking each acbvrty. Direct eosts attn"butable to a single activity a￿ allocated directly to that acliwty. Shareil costs wh￿h wiln.bute lo more than one actsvity and support costs which are not attributatrje to a single activity are apP￿"Oned between those acts"¥itres on a basis consrslenl with the use of resources_ Cenlral $laff costs are allocated on the basis of time spent, and depreciation ¢har9es *located ￿ Ihe portion of Ihe asset's use. VAT charged lo lyjt nol recoverable by the chanty is induded under the heading lo whth the expenditure rdales. 2.9 Allocallon and apportlonment of costs Support costs have been ap￿￿tioned to the relevant actiVTties of the charity on the basis of the percentage of staff numbers expressed as fijll ts.me equivalent employees. 2.10 Redundancy l Ternilnatlon payments Temiin*ion benefits are measured al Ihe best estimate of the expenditure required to seftle the obligab.on al the reporting dale. W the expected settlement date of the lemination payments is 12 months or mfxe after making the provision and the effect W￿ld be malenal. the present value of the obloalion is calculated ugng an appropriate discount Rte. 2.11 Tanglble flxed assets and deprn¢latlon Tangible fixed assets are inikn.ally recognised at cost. After reeognition. under the eost model, tsngible fixed assets a￿ measured al cost less accumulated deprec3ation arKI any aecurnulaled impairment losses. All costs Inc￿rred to bring a tangible fixed asset into ils intended wor￿"n9 eondilion should be ind￿￿ed in the measurement of c05t. Page 20 UPLANDS ENTERPRISE TRUST IA company limrted by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting P￿iCieS leontlnued) 2.11 Tanglble fixed assets and deprttiatil￿ (￿ntInue￿I Depreciafton 1$ thar9ed so as to all¢xate the cost of langible fixed assets less their residual value over their estim*e(l usefvl Ir¥es. . Dgpreciation is provided on Ihe basis.. Propety ImFffovemw Plant and machinery Motor Vett￿e$ Fixtures and fftb.ngs Computer equipm￿1 10% on straight line trjasis 20% on straight line basis 20% on straight line basis 20% cfi straight line basis 33% cffl straKJhl line bags Assets costing £100 or mrye are capilalised as tsngibte fjxed assets and are carried al ￿$1, nel of depreoats.on and any yovision for impairment. Deprecis￿n is charged from the month of acquisition to the month of disposal. 2.12 Taxatlon The charity is exempt ccyporation tsx on its chantable activitses. 2.13 Fund accounting General funds are unreslricled lunds which are avatlable foi use at the discretron of the Trustee5 in furtherance of the general objecb.ves of the Company and wl)ich have not been designated for other purposes. Restricted funds are funds ¥h"th a￿ to be used in aceordarte with speufic iestnctions imposed by donofs or whth have been raise¢J by the Company for pat*"¢ular purFK)se$. The costs of raising and administenng such funds are charged against the fvnd. The aim and use of each restrieled fund is sel out wi the notes to Ihe fw)anual ststements. 2.14 Hire purchase and leasing Commilments Rentals paid under ¢)pernting leases ¥e tharged to the Statement of Finanoal Activities on a straight line b8$$ over the pericKI of the lease. 2.15 Defined contribution schem• The assets of the xheme we held separatety frryn those of the tharity in an independently administered fund. NEST. The costs of fne defined contribution elrangemenls are charged as incurred. Page21 UPLANDS ENTERPRISE TRUST (A Lwnyany'lImlt￿ by guardiilee NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng polkles (contlnued) 2.16 Oonated goods Where maleril. donat&J gwjs aTrJ seN1￿$ are reco3rised as income when the tharity has contr over the item. any condib'ons asscoated wrth the donated rtèm have been mel, the receipt of onomic benefi¢ from the use by the tharty of the rtem is probable and that econGYnic benefit can be measured rella￿y. On re¢eipL ￿efe materiat, donated goods and services are re￿gnIsed on the basis of the value of the gift to the Charity V•fftith is the amount the charty V￿lId have been willing to pay lo obtain servi￿$ or facilitTres of eqLllvalent eC0￿MiC benefft on the open market,. a corresponding amount is then recognised wi expenditure in the perit)J of receipt. In accordan￿ with the Charities SORP (FRS 1021. the genera volunteer tNne is not recognised and refer lo the trustees. annual report kn more informalicrf) about their contrilxrtion. The charity receives donated goods for resale. E$limatiThJ the fair value of these goods 1$ impractical because of the volume of low-value items re￿Ved and the absence of delailed Stock conlrol systems and records. As such the donated goods for rV￿le are rbot recognised on receipt. Instead, the valu8 to the Charity ol ￿ donated gcojs sdd 1$ recognised as income ¥¥hen sold. 2.17 Debtors Trade and other (Jebtors are recognised at the settlement amounl after any Irade discount ¢fftred. Prepayments afe valued at the amount prepaid net of any trade discounts due. 2.18 Cash at bank and In hand Cash at bank and in hand indudes ￿$h and short-term highly IiquKI investments wth a short maturity of three months or less from date of acquisition or opening ol the deposit ot similar accounL 2.19 Credltoys and provlslons Credrtors and provisions are recognised ￿re the tharity has a present obligation resulting from a past event that will probabty ￿sU11 in the transfer of funds lo a third paty and the amount due lo settle the ¢)bligat¢on can be measured or estsmated reliabty. Creditors and provisions are nomially recognised at their settlement amount after all￿1Th3 ￿ any trade discounts due. 2.20 Financial instruments The charity onty has fina)cial assets and fina￿la1 liabil￿eS of a knnd that qualfy as basic financial instruments. Basic finanaal intruments are inbtialty recognised at transacti(x value subsequenuy measured al their settlement value Vlith ihe exception of bank loans which are Subsequer￿Y measured al amortised cost using the effedNe intere* metrK)d. Page 22 UPLANDS ENTERPRISE TRUST IA Company limbted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from donatlons and legacles unrestrict￿ Restrkted funds funds 2025 2025 Total fvnds 2025 Tofal lunds 2024 Dona￿n$ Grants 22,014 22.014 3,562 13,078 22,014 30.000 52.014 16,640 Total 2024 16.640 16,640 Incom• from charltsble a¢tivltl•s Vnrestrkted fund$ 2025 Tolal funds 2025 Total funds 2024 Course fees and placernents Enterpnse Income Shop Income Other 2.359,745 15,291 100 2.359,745 15,291 100 622 1.768,938 13,996 307 622 732 2,375,758 2.375.758 1.783,973 Tol812024 1. 783.973 1.783,973 Page 23 UPLANDS ENTERPRISE TRUb I IA company Ilffllted by guarantool NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 Income from other tradlng actlvltl•s InGomg from fundraising gvents Unrestrieted funds 202S Totsl funds 2025 Totèl funds 2024 Fundraisin9 events- &•indon Rotary Cl￿) and tXKlle saks 307 Total 2024 307 307 Analysls ol expendlturn on charitable •ctivlll•s Summary by fund typ• Unrestrl¢t•d funds 2026 Total 2025 Total 2024 Charitable activtbes 2,143.230 2.143.230 1,514,420 Tot812024 1.514.420 1.514,420 Analysis of expendilurn by activilies v11￿$ undertaken Support costs 2025 Total funds 2025 Total funds 2024 202S Charitatile acti￿lieS 2.088.991 54.239 2,143.230 1,514,420 Tot*2024 1.480.659 33.761 1.514,420 Page 24 UPLANDS ENTERPRISE TRUST (A company Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis ol expenditure by activiti￿ Icorrtinuedl Analysis of direct costs Totsl funds 2025 Total funds 2024 Activities 2025 Staff costs Depreciatiort Rent. rates arKI water costs Insurance 1.662,557 45,398 133,357 6,614 2,562 4,522 70.374 51,954 3,412 9.610 26.437 12.020 15.190 475 24.793 1,662,557 45,398 133,357 6.614 2.562 4.522 70,374 51.954 3,412 9.610 26,437 12.020 15.190 475 24793 1, 116,253 37,505 126.099 10,849 5,039 6, 719 64,427 22,420 3,677 Te￿phOne Fire an¢J security Repalrs. renewals ard deaning Motu and travel Postage and stationary PPE supplies IT Support Trainry Enterprise costs Accounts and wjit fees Staff wdfare Marketing Sun¢Jry costs Bad debts Waste disposal Profitjloss on disposal of fixed assets 17,326 13.052 12.539 432 20,289 367 11,812 11.470 2.635 5.611 11,470 2.635 5.611 6,500 fl,090) 2.088.991 2.088.991 1,480,659 Toto12024 1.480,659 1.480,659 Page 25 UPLANDS ENTERPRISE TRUST (A conwny limitod by guarnnle• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of expenditure by activities Icontinuedl Analysls of support costs Charltable aclivities 2025 Total funds 202S Tolal funds 2024 Staff Costs Bank charges Accounts ￿ audit fees Bookkeeping Accountancy and independent examinatton Other seN¢es 3.266 445 S.789 9.246 11.271 24.222 3.266 2,469 490 2.640 11,898 5,040 It,224 5.789 11.271 24.222 54.239 54,239 33. 761 Tola12024 33,761 33,761 TfUSt•g3' r•mun•r4tion and •xp•nses During the w. no Trustees received any remunerab.on or other beneffts (2024- £NIL). During the year ended 31 August 2025. no Twstee expenses have been incurred (2024- £NIL). Page 26 UPLANDS ENTERPRISE TRUST IA compony Ilmlted hy OiiAi44ihl• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S Stsff costs 2025 2024 Wages and salaries Social security cosls Contribution to defined contnknrtion r￿S￿n schemes 1,543.296 91,793 27,468 1,048,642 50,565 IT,046 1.662.557 1, 116,253 The average number of pers￿5 employed by the Crynpany during the yw was as fd10￿.. 2025 No. 2024 No. Empbyees 85 70 No empk)yee received remunerth.on amounting lo more than £60,CrfJ) in wther year. The key management personnel of the chanty comprise the tnJstees arKI the senior mènagement team. The total amount of employee benefits {induding employer pen￿Oft contributions) received by key management personnel for their Servi￿ to Ihe tharity was £113,500 12024.. £105.111}. The total employee tenefils indude costs of dwect emFdoyment aTrJ costs of empw benefits recharged lo the charity. Page 27 IIOTES TOTHE FINA1￿￿ STATEMENTS FOR THE YEAR EIIDEDJ• AUGVST 2025 Totsl Co*¢orYaluaOo At I Sepiwntw 2024 Athkno 121.514 12J7 3151Z 24277 36m2 286,433 1&983 147 At31 *4JVJSt202S 131.751 34,742 24277 n.395 48.251 312,418 Oepreclallo At 1 Septemt*r2024 1125(1 45.316 17.B50 11493 151.734 45.400 31 ALVJ5t2025 n2 14491 67.611 197,lJ4 N•t boo& vAh At 31 AwJu#2025 1Q.71Z 1S784 17.908 115,202 At31 AW#2024 7J.8*J fZ02F 2T.932 19.032 144.699 Pw28 UPLANDS ENTERPRISE TRUST (A company limited by guarnnle•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. DebtOf5 2025 2024 Due wlthln one year Trade deblcrt 170.576 13.817 156.249 152.826 13. 777 110. 793 Other debtcrfs Prepayments and accr￿1 income 340,642 2T7.396 12. Creditors: Amounts falling due wlthin one year 2025 2024 Trade creditors Othèr taxation and social security Olher Cfedrtors Act7uals and deferred income 29,2S2 28,599 8.763 47,183 38,095 14,479 8,037 32,681 113.787 93,292 Page 29 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 13. Statement ol funds Statement of lunds - current year Balance at 1 September 2024 Balance at 31 August 2025 Income expendlture UnrKtricted funds General FurKls- all funds 673.991 2.397.772 12,143,2301 928,533 Reslrfded funds Community Entsrprise Centre Fam tools Skills for Work refft Sensory room Social Famis & Gardens Sponsor-a-stsr Charities Trust Openwork Stratton St Margaret National Lottfjry Doyle St James Wiltshire community Fund Highvnrth Festival The Bally Thomas Charitable Fund 822 375 3.056 2,925 693 850 39 822 375 3.056 2,925 693 850 39 6.796 1,000 10.000 6.796 1.000 30,000 3.000 1,911 928 62 10,000 20.000 62 10.000 32.457 30,000 62.457 Total of funds 706.448 1427.772 12.143.230) 990.990 Page 30 UPLANDS ENTERPRISE TRUST IA company limlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Stalemgnt of fvnds (continued) Staten*nt of funds- prlor y•ar Balant¥ at I Seplember 2023 Balance al 31 Augusl 2024 Income Expendrfure Unre$trl¢t•d funds General Funds 387.491 1,800,920 11,514,420) 673,991 Restrlcted funds Community Enterprise Centre Farm tools Skills for Work refit Sen50ry room soc￿9 Fam?s & Gardens Sponsor-&Slar Charities Trust Openwork Stratton St Marwet Natsonal Lottery Doyle Sl James Wiltshire community Fund HighNhrJrth Festival 822 375 822 375 3.056 2.925 3,056 2,925 693 850 39 6.796 39 6, 796 io,c fO,000 1,911 .928 62 1,911 928 62 32.45T 32,457 Total of funds 419.948 1.800,920 (1.514,420J 706,448 14. Summary offunds Page 31 UPLANDS ENTERPRISE TRUST IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Summary of funds {conllnu¢dl Summary of funds- eurrent yeai Balance at 1 Sopternb•r 2024 Balanee at 31 Augusl 2025 IDc¢)me Expendiiure Gengral fuTrJs Restricte(I funds 673.991 32.457 2.397,772 30.000 (2.143,2301 928.533 62,457 706,448 2,427.772 12,143,230) 990,990 Summary of funds- prloryear Balan￿ at I Seplember 2023 8alance at 31 August 2024 InGome Expèndrfure General ffiJnds Restricted knds 387.491 32.457 1.800.920 (1.514.420) 673,991 32.457 419.948 1.800.920 (1.514.420) 706.448 15. Ana5ysls of n¢t assets between funds Anatysls of fbrf a$s•ts ￿1￿0•￿ funds - current year VnrestrKt8d Restricted funds fund$ 202S 2025 Total funds 2025 TarYJible fixed assets Current assets Creditor5 due Trmthin c￿e 115,282 927.038 {113.787) 115,282 989,495 1113.787) 62,457 Totsl 928,533 62,457 990,990 Page 32 UPLANDS ENTERPRISE TRUST (A company limited by giJArnntee ' NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 15. Analysis of net assets between funds {continuedl Anatysis of nel ass•ts ljetwn funds- prior year Un￿St11cted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Current assels 144,699 622.584 (93.292) 144,699 655.041 {93,292) 32,457 Creditors due wthin Or￿ ￿*r Total 673.991 32,457 706,448 16. Reconciliation of nel movernent in funds to cash flow from operating activities 2025 2024 Net income ftjr the year {as per Statement of Finanual Adivities) 284,S42 286.500 Depreciation charges Lossllprofill on the sale of fixed assets Increase in debtors Increasellde¢rease} in creditors 46.400 37,505 (1,090J (88,522) f54, 793) 163.246) 20.496 Net cash provid•d by operating activities 287.192 179,6C(t 17. Anatysis of ush and cash equlvalents 2025 2024 Cash in hand 648.854 377,645 Total cash and cash equivalents 648,854 377,645 Page 33 UPLANDS ENTERPRISE TRUST IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Analysls of changes In net debt At1 September 31 2024 Cash flows August 2026 Cash at bank and in hand 3TT.64S 271.208 648,853 377.645 271.208 648,853 19. Related party transactions The follovAng transactj.ons took Pl￿ be1v￿n the charty and Brunel Academies Trust (Brunel). The trustee. Mrs J Fieldwick. is CEO and trustee of Brunel A&embes TrusL £012024.. £01 was charged from BAT to UET forts.me spent ty Mrs J Fi81(fv￿.ek ¢)n as51Sting the chartty. The Trustee, Mrs J Fielolw'ck, has rented out a fann ￿lIdIng for use by the UET for student education. VET pays a peppercom rent of £1 per annum. The son ofTwslee5' D arKI S Dinsey is employed by UET and eamed £3.701 (2024.. t3.4251 for the year. Operatlng leasg commitments At 31 August 2025 the Company had commitments to make future minimum lease payments under non- cancellable operating leases as fdlows.. 2025 2024 Not klgr than 1 ￿•r 8. 161 21. Post balance sheet ov•nts During the year. it was identrf*d that the chartty had not reported aN requi￿ transaction lo HMRC. the balan￿ owing lo HMRC has not yet been 8gree¢J aceordingly no provision has yet been made. AdditKJnally, during the year, a daim wa$ brought against the charity by a forrner employee seeking compensation. At the dale of approval of the finartial ststements, the trustees are unable lo detemine the likelihood of the daim b￿"ng Su￿$$￿1. Accordingly, no prov7sion ha5 been recognised in these financial statements. Due to the uncertainty surrounding the I)ut￿)me of the daim. il is not practTrcable to provide a reliable estimate of any Fotenlial financial effed. Page 34