2020-08-31-accounts

The Sheiling Special Education Trust Financial Statements Year Ended 31 August 2020

Reference & Administrative Details

Registered company number :

08116370 (England and Wales) 1149264

Registered charity number :

Principle address and Registered Office:

The Shelling Special Education Trust Horton Road Ashley, Ringwood Hampshire BH24 2EB

Trustees

Mr J. Freeman Mr N. Johnson (appointed 3 October 2019) Mr J. Morris (Chair) Mr J. Pyzer Mr M. Gleed (resigned 15 May 2020) Mrs J. Kenward Mr D. Keeton Mrs J Dampney Mrs M. Rigg Mrs A Copp (appointed 28 April 2020)

Auditors

Ward Goodman Registered Auditor 4 Cedar Park, Cobham Road Ferndown Industrial Estate Wimborne, Dorset BH21 7SF

Solicitors

Wilsons Alexandra House St John’s Street Salisbury SP1 2SB

Senior Management Team

Corine van Barneveld, Principal Andy Walters, Head of School Mike Gamble, Head of College Nick Sabin, Bursar (resigned 12 April 2019) Katy Kerr, Head of Finance & Premises (appointed 3 June 2019) Susan Harvey, Head of Residential Services Katie Francis, Head of Health & Therapies (appointed 26 September 2019)

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31/08/20 Report of the Trustees (year ended )

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

The former Trust, the Sheiling School was established in 1951. The current charity, The Sheiling Special Education Trust, commenced its activities on 1 September 2012 when provision was widened to include further education at the Sheiling College.

The legal and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Charities Statement of Recommended Practice (FRS102).

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities and are satisfied that The Sheiling Special Education Trust's activities provide public benefit.

OBJECTIVES AND ACTIVITIES

Objectives

The Sheiling Special Education Trust is an Independent Special School, which is registered as a Children’s Home and an Independent Specialist College. It also provides a supported living service. It specialises in severe and moderate learning difficulties, autistic spectrum conditions and communication difficulties. Its objectives are as follows:

• To provide a learning, caring environment where the educational, physical, social, emotional and spiritual needs of the individual student and resident are valued and met.

• To promote a nurturing culture where each student and resident receives the support, guidance and care relevant to their individual needs.

• To promote positive approaches to behaviour and individual sensory and therapeutic needs.

• To support students and residents to develop functional skills and independence which can then be transferred to the wider community.

• To offer students and residents a foundation for developing their confidence and their sense of belonging and achievement.

• To offer clear rhythms and routines to promote a healthy lifestyle which includes good eating and sleeping habits and an active physical and social lifestyle.

Activities

Education Provision

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An individual approach to education and residential provision is offered to both School and College students including:

• Day placements – students attend from 9am to 4pm (4.30pm for college students) and are attached to residential houses for lunches and other activities.

• Weekly boarders – students attend from Monday morning to Friday afternoon.

• Termly boarders – students attend for the full 38 week term, including weekends.

• Yearly boarders (school only) – students are able to access a 52 week year round residential provision including holidays.

• Respite provision (college only) – respite packages are available to college students during midweek, weekends and during holidays. College offers up to 4 weeks respite through the year.

Education provided ensures the national curriculum is followed and allows for a broad and balanced program which includes English, Maths, Science, ICT, Personal, Health, Social Education and Citizenship (PHSE&C), Art and PE. Horticulture, craft workshops including estate work, garden work, weaving and candle making are all offered ensuring the curriculum extends beyond lessons into life within the houses, enabling learning in school and college to be supported outside of the classroom.

The 50 acre site with grassy open areas and woodland mean that learning outside the classroom is an integral part of the curriculum and it also benefits from an on-site swimming pool, gym and 193 capacity hall with stage. Neighbouring the site is Moors Valley Country Park making it great for walking and cycling. Ringwood is a short walk away and the beaches of Bournemouth, Boscombe, Southbourne and Mudeford are all within easy reach. This helps ensure students benefit from many different on-site and off-site activities and outings.

The school offers the nationally recognised ASDAN qualifications and the college offers the OCR Life & Living Skills Accredited learning course.

Targeted therapeutic intervention is highly effective and promoted throughout the school and college with an extensive range of therapies including speech and language therapy, occupational therapy, physiotherapy, music therapy, massage therapy, art therapy, curative eurythmy and colour light therapy.

The residential students live on site in large, family-style houses of which there are 4 for the school age students and 2 for college students. The houses act as extended family groups with each house sharing meals, including a freshly cooked midday meal. Everyone is expected to contribute to the running of the house, for example the setting of tables, taking out the compost and helping with the washing up. Each house functions as an autonomous group under the supervision of a dedicated House Manager. Each student is accommodated in a single room and allocated to a house according to their need, with a mix of gender and ages, carefully taking into account all issues regarding safeguarding. The Managers of the different houses work together regularly to assure outcomes for all students.

Where appropriate students have an opportunity for work experience placements in the local community with local businesses and organisations along with supported attendance for specific courses in local colleges.

Public Benefit

The Sheiling Special Education Trust strives to attain the highest standards regarding the aims and objectives, with a view to providing for the charity's beneficiaries.

These aims are:

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• To maximise opportunities in school, college, supported living and beyond to support our students and residents in gaining knowledge, acquiring skills, and developing their personal qualities and confidence.

• To provide a safe, inclusive, and uplifting environment which meets the needs of the whole person.

• To maximise an inclusive environment to enable each student and resident to discover and realise their full potential.

• To promote communication and social skills which support making of relevant choices.

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Achievement and performance

Key achievements and notable performance during the period included the following:

School

• School numbers have remained stable, in terms of pupils on roll, with numbers in the range 3033 students

• Academic progress across the school remains positive in 2019-2020 and almost without exception, students continue to meet and exceed challenging targets for their achievements across a range of curriculum subjects.

• In academic year 2019/20, the Sheiling obtained a 100% pass rate with all graduating students leaving the school with accreditation at Entry 1 and 2.

• Updating and development the curriculum throughout the school has taken place this year to ensure it meets the needs of the widening range of abilities including those with complex sensory needs.

• Better recognition and achievement of attainment for school students through more accurate assessment, target setting, planning and ongoing monitoring has been implemented.

College

• College numbers (including day and residential) remained stable at 37 a slight increase on previous year of 36, which remains above the target of 33.

• For 2019/20 the tracking of targets across the last term was not possible due to the nature of enforced changes due to Covid-19. However, all students apart from 2 achieved their Accredited Learning qualifications, with those two continuing this year and expected to catch up.

• New curriculum framework for College that reflects EHC plans and Preparation for Adulthood aims is now embedded, it forms the structure of each study programme.

• College continued to expand its work experience opportunities prior to COVID-19. Next year, significant elements of our study programme such as community integration, work experience and placement will be very significantly reduced. Our ‘off site’ trips are being restricted to activities such as forest/beach walks with isolated small, other trips for those students most able to socially distance

• The use of the College Vocational Learning Hub which prepares students for community access and work has been utilised as an alternative.

Other

• Level 3 Supporting Disabled Learners course offered to Teaching Assistants across School and College.

• Sheiling kitchen garden has now been re-established following the appointment of an organic gardener. This is used by both school and college students.

• Strong behaviour team, linking in with Speech and Language Therapy and Occupational Therapy, providing excellent support to staff ensuring that behaviours which challenge are minimised. Therapists are now allocated to School and College to improve integration in education programmes.

• Further development of occupational, speech & language, music, art, physiotherapy, colour light and eurythmy therapy to help promote coordinated working towards holistic outcomes.

• When possible, during the year, teams have visited local schools, colleges and career events promoting what we do.

• Opportunities are available for staff to develop their skills through liaison with other schools to share good practice and along with increased opportunities for staff training, both on and off site.

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• Safeguarding is central to everything done as an organisation. All Trustees, staff and vocational workers continue to be trained in safeguarding and abuse prevention, recognition and reporting. This is backed up by a close relationship with the local children and adult safeguarding team.

• HR department continues to strengthen employment protocols and processes to ensure robust systems for Safer Recruitment of staff.

• A new HR system was introduced at the start of 2017/18 which has been further developed during 2019/20. The system will strengthen controls and improve reporting surrounding the Single Central Record and bring about further efficiencies with regard to recruitment, rota scheduling, staff training and absence reporting.

• Further development of the Staff Recruitment and Retention Strategy has been undertaken focussing on terms and conditions, working patterns, benefits and recruitment advertising.

• The fee model has continued to be developed to help ensure a robust system for determining fees linked to costs incurred.

• Robust induction and training programmes have been strengthened for all new and existing staff throughout the year.

• Compulsory Inset days continued to be developed and well attended. This is part of an ongoing development in staff via extensive training both in-house and via external trainers.

• Regular committee and working group meetings take place for Safeguarding, Finance, Equality, Diversity & Inclusion and H&S.

• Regular review and updating of policies by the Senior Management Team, including Trustee involvement, continue to help ensure policies and procedures remain robust.

• Continued ICT upgrades were implemented across the whole site including 2 new state of the art Smart Board screens for classrooms.

• An internal ‘GDPR Compliance Team’ was put in place to assist with the successful implementation of the new GDPR regulations.

• A woodland management plan was developed in 2017/18 and been developed with the assistance of a consultancy service to help maintain and improve our estate. Works have been ongoing with this into 2018/19.

Quality Assurance

• A school Ofsted inspection took place in November 2017 and was graded ‘Good’. This was supported up by a follow-up one day visit in May 2018 which was also graded as ‘Good’.

• A college Ofsted inspection took place in February 2018 and was graded ‘good’.

• A Care Quality Commission (CQC) inspection occurred in March 2019 regarding the college residential provision and was graded ‘Good’.

• Ofsted Care inspection (regarding school residential provision) took place in July 2019 and was graded ‘Requires Improvement’. Action has been taken to rectify this position. A one day follow up visit in February 2020 recognised positive change and improvements as did an assurance visit which was undertaken in November 2020.

Capital Development

Various projects were undertaken during the period to both maintain and develop the site for school and college provision. Larger projects and site development are being driven by the 5 year Property Strategy (2016 – 2021) document previously approved by the Board. Fundraising is carried out for the benefit of capital projects with funds being requested from external trusts, charities and companies. Although works had to pause during the COVID-19 lockdown. Significant projects included the following:

• VR Headset & Musical Instruments to aid learning £7k

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• Refitting Toilets & Refurbishing Kitchens £10K.

• Upgrades to Electrics & heating in various buildings £14K

• New Windows for Sheiling House, Albion & Briery 17k

• Site wide external lighting installed £7K

• Various bedrooms and communal rooms redecorated in all houses.

• Capital spend in the year (including the above) totalled £70K

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Financial position & review

The financial performance for the year is summarised below:

	2020	2020	2019	2019
	Total - £’000	Excluding capital grants £’000	Total - £’000	Excluding capital grants £’000
Total Income	8,183	8,151	7,857	7,822
Total Expenditure	6,737	6,737	7,948	7,931
Net Income	(1,446)	(1,414)	(90)	(109)

Income has increased by £326K in total compared with the previous year (4% increase). The increase was due to a change in the mix of our students packages as some students moved onto their next placements, and increase in respite offered covering the COVID-19 lockdown. Overall student numbers remained the same compared to last year. The slight increase in capital grants and donations is due to fundraising for a Sensory Garden which has had to be put on hold due to COVID restrictions.

The main source of income are student fees received from Local Authorities with an element received directly from the Education Skills Funding Agency (ESFA) for College students - these fees equated to 99% (2019: 99%) of total income excluding capital funding. Overall student numbers remained the same as prior year at 68 with school numbers decreased from 32 to 31 while the college number increased from 36 to 37 (3% increase).

Although the first half of the year we carefully budgeted our expenditure the latter half and the COVID19 restrictions meant that our non-staff costs dropped significantly: £286K (20% decrease) compared with the previous year. The largest expenditure heading continues to be staffing £5.54M (2019: £6.63M) which equates to 82% of expenditure (2019: 83%). In relation to income, staff costs represent 69% (2019: 85%) of total income excluding capital grants and donations.

Tangible fixed asset additions in the year totalled £71K which related largely to the refurbishment of building facilities across the site. The net book value of fixed assets decreased from £6.7M to £6.6M at the end of the accounting period.

The 'Cash at bank and in hand' figure increased during the year, largely as a result of decreased spending during the last 6 months of the year during lockdown. Consequently the balance increased from £1.06M at the start of the year to £2.92M as at 31st August 2020. Similarly, the net current assets also decreased from £1.22M to £2.77M over the same period.

A £116K loan was received in December 2016 to finance work carried out to the Maple classroom in 2015/16. This is a 10 year variable repayment loan. The balance at the year-end is £79K.

Total reserves have increased from £7.9M to £9.4M during the year with £367K (2019: £385K) being restricted in relation to ESFA and other capital monies received for capital projects.

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Risks & Uncertainties

A risk register is maintained to identify risks, assess their likelihood of occurring and quantify the potential impact. Outlined below is a description of the key principal risk factors which may affect the Charity. Other factors besides funding sources may also adversely affect the Charity and are detailed within the risk register itself.

Principal funding sources

The Charity is, in effect, solely reliant on continued government funding, whether this comes directly to us from the Education and Skills Funding Agency (ESFA) or via individual Local Authorities. In 2019/20 99% (2018/19 99%) of revenue was ultimately publicly funded. There can be no assurance that central government and Local Authority policy and practice, will continue at the same levels or on the same terms. Whilst the current government continue their plans to address the issue of public sector debt this will have a significant impact on available funding within the sector and how the limited funding is distributed to providers.

The risk is mitigated in a number of ways including:

• Ensuring we deliver high quality care and education in order to remain a preferred provider for Local Authorities whilst providing 'value for money' to students and Local Authorities.

• Focus and investment placed on maintaining and managing key relationships with various funding bodies and local authorities.

• Regular dialogue with ESFA, Local Authorities, NASS, NATSPEC and other networking partnerships.

• Tight control over staff and non-pay costs.

• Regular review of our fee structure to ensure our fees remain competitive whilst allowing us to provide the necessary high quality care and education.

• Inclusion, where appropriate, on the various Local Authority Provider Frameworks.

COVID-19

The risk to your funding sources has been compounded by the emergence of COVID-19 which caused us to partially close during the first national lockdown, and continues to present a risk to staffing levels and therefore our capacity to safely maintain a full residential and education offer. Local Authorities were prevented from applying financial penalties where institutions were following instruction from Public Health England and/or abiding by the national guidelines during the first national lockdown. However, it is unclear, and untested, as to whether this will continue to apply should future partial closures be required due to COVID-19. This risk is mitigated to a degree by the enhanced cash reserves and our stringent operational management of COVID-19 transmission risk factors.

Reserves policy

The Trustees will monitor and review the level of reserves held by the charity in line with the guidance set out by the Charity Commission and this also forms the basis of our own Reserves Policy document which is reviewed annually. The Trustees consider that the aim should be to build up the free reserves of the charity, represented by working capital, to equate between two to four months' expenditure. This has

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been built into the 3 year financial plan which will be achieved via control of our future surplus and capital investment decisions.

Future plans

• Student placements for School (30) and College (36) are as expected going into 2020/21 with further placements expected to be offered later in the year.

• The Sheiling Special Education Trust decided in July 2020 to cease its registration as a Childrens Home from September 2021 and to re-register as an Residential Special School offering 38 (rather than 52) week residential placements.

• Close liaison and working with LA commissioners to ensure placements for students whose needs can be best met by an environment such as The Sheiling.

• Close liaison with funding bodies and LA's to ensure we can plan and react to national or local changes in funding, policies or procedures.

• Continue to ensure close working between all departments of the SSET.

• Continue to improve links with other schools and colleges to work collaboratively with regard to behaviour and data collection.

• Continue to improve close links with those who can provide work experience and work placements within the local area.

• Continue to strengthen the ethos of the Sheiling via staff training sessions. Continued tight financial control over staff and non-pay costs to ensure spending is kept within budgets.

• To keep under review the Terms and Conditions of staff including review of pay scales, pension review as well as holiday entitlements.

• Continue to find ways to recruit adequate support staff via recruitment strategy and thus minimising the use of agency staff.

• Continue to appoint new Trustees, with relevant experience, to support all areas of education, care and administration.

• Continue to develop and improve our estate including site security.

• Continue to implement the Property Strategy.

• National and local marketing drive to improve awareness of The Sheiling Special Education Trust.

Overview

• Overall student numbers remained the same at 68 across school and college, however, due to a change in the student mix of placements and additional respite being offered during lockdown this resulted in an overall increase in income from £7.9M to £8.2M.

• A surplus for the year totalling £1.4M has been reported largely due to a decreased spending on and lesser need for agency in the year.

• The focus of Trustees continues to be the development of care and education provided through monitoring, planning and challenge to help maintain and drive improvements across all areas of provision.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company was established on 22 June 2012 under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.

Decision making

The Board of Trustees meets at least 4 times a year. Regular meetings are held and minutes taken with Trustees chairing committees for Finance and Safeguarding. In addition there are working groups for Estates, Equality, Diversity and Inclusion, Education Standards, Marketing and Health & Safety.

Induction and training of new trustees

Trustees are selected across a broad range of professions to ensure a wealth of experience. The current Board of Trustees include experience within Business, SEN Schools/Colleges, Care, Finance, Personal Relations/Marketing and representation from parents of students.

Trustees may appoint a person who is willing to act to be a Trustee, either to fill a vacancy or as an additional Trustee. All Trustees are suitably assessed through DBS and, if appointed, shall hold office only until the next AGM. All trustees write a pen portrait as part of their selection process which helps identify suitability and any potential conflicts of interest. Trustees are expected to undertake induction training within their first three months in role although mandatory safeguarding training (covering Child Protection and Adults at Risk training) must be attended within one month of appointment. Bespoke training is also arranged, as required, informed by analysis of the annual Trustees Skills Audit. Members of the charity guarantee to contribute an amount not exceeding £1, to the charity in the event of winding up.

Charity Governance Code

Trustees fully understand the importance of good governance and see it as vital to the success of the organisation. Trustees have all seen the Charity Governance Code and are aware of the 7 sections contained within it including Organisational Purpose, Leadership, Integrity, Decision Making, Risk & Control, Board effectiveness, Diversity and Openness and accountability.

Trustees see the Code as a tool which will be used to help drive continuous improvement for good governance. Trustees attended a strategy day in January 2019 specifically to discuss in detail the code and help develop an action plan in relation to the specific outcomes contained within the document – this will be further developed during 2020/21.

Key management remuneration

The Trustees consider the Board of Trustees, Principal, Head of School, Head of College, Heads of Care, Head of Finance and Premises and the Head of Health & Therapies to comprise the key management personnel of the charity as listed on page 2. All members of the Board of Trustees give their time voluntarily and receive no financial benefits from the charity. Remuneration of key management

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personnel during the year, other than the Trustees, totalled £472,064 (2019: £428,855) for the year with employer pension contributions totalling £59,469 (2019: £47,314). Key management personnel (excluding Trustees) are referred to as the Senior Management Team (SMT). A Pay & Remuneration Policy, approved by full Board, is used by Trustees to help determine pay for the SMT which is based around benchmarking data for the sector whilst also taking into account affordability.

Related parties

The charity continues to maintain informal links with The Lantern Community, The Ringwood Waldorf School and Sturts Farm. The charity devolved fully from The Sheiling Trust on 13 July 2015.

Risk management

The charity continues to develop and embed a system of internal control, including financial, operational and risk management which is designed to protect the charity’s assets and reputation. A Risk Register is available which identifies specific risks and assesses their likelihood of occurring and potential impact with regard to financial, operational and reputational. All risks are scored using a consistent scoring methodology and significant risks are transferred to a Risk Reduction Plan which is regularly reviewed by the Senior Management Team and Trustees. The Register Register (and Risk Reduction Plan) identifies the controls in place to help mitigate risks to an acceptable level. The Risk Register continues to be reviewed and updated.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of The Sheiling Special Education Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently

• observe the methods and principles in the Charity SORP

• make judgements and estimates that are reasonable and prudent

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements 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 and detection of fraud and other irregularities.

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In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company's auditors are unaware; and

• the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Ward Goodman, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Independent Auditors’ Report to the Board of Trustees

Opinion

We have audited the financial statements of The Sheiling Special Education Trust (the 'charitable company') for the year ended 31 August 2020 on pages seventeen to thirty one. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 August 2018 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other

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ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

• the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

• the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities set out on page thirteen, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true

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and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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Statement of Financial Activities August 2020

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SSET Finhni ia Stèttmonl BgltstÈ She¢1 31 August 2020 2020 Toièl funds 2019 Totsl funds 1$ restaied Unrestrictcd fvnds Restricted funds Ncrtes FIXEDASSETS Tangible asseLS 13 6,174.802 351274 6,526.076 6.685284 CURRENT ASSETS Debio Cash 41 b4nk and in hand 14 2,508.610 2.677.330 2.508,610 2.916.511 2.644,314 1,061,219 39.181 5,385,940 39,181 5.425.121 3,705.533 CRF,DrroRS Arnounts fallin8 due wiihift ye•r 15 (2,656,885) (2.656,885) (2.485.395) NET cuRRE￿r ASSEI TS 2,729.055 39.181 2.768,236 1220.138 TOTAL ASSF.TS LLSS CURRENr LIABILITI&S 8,903.857 390.455 9.294.312 7.905.422 CREDITORS Amuun15 f&llins due 8ft¢r more than one year 16 (67.915) {67,915) (78.2741 J¥ET ASSETS 8.835.942 J90.455 9.226.397 7,827.148 FUNOS UnresiTi¢ted funtts Restricwl funds 20 8.835.942 3W,455 7.441.511 585.637 TOTAL FUP4DS 9.226.397 7.827.148 Th¢ fitkancial statements were appioved by the BoArd of Truste￿ and allthorised for iwue 18 Oecember 2020 and tre signed on lis behalf by". ILC Mr N K lohnson - T,.Iistee Mi J Nlnrri8 - Iru51cL Pagel 18

SSET Finhni ia Stèttmonl Cash Flow Sttemenl for the Year E￿ded 31 Aw%ust 2020 2020 2019 a$ resrlled Notes C•sh flows frorn operatinE actiyitiey Cash gcnetalcd from oprfalivnb Intuest paid ,918.099 (3.987) (436.519) (3.548) NeL cash provided byl(used in) operating Ktivities 1.934.112 440.067) C•sh flows from investing activitiei Puid)ase of tangible fixed assets Sal¢ of tansible fixed assets Interi81 received (71277) (150.114) 9.699 2.670 2,335 cAsh ￿Se￿ in investin8 aCUVities (68,942) (137.745) C•$h Ilows from finnciDg a¢livhi¢y Lo4n repfyyments in y￿[ (9.878) (10.344) Nei cash used in financing •cliviii¢5 (9.878) (10.344) ehsnge in cash Ind cfftsh equivalemts i the reporti￿% period Cash ¢ash equAvAlents At the beginTriDg of the rtporling ￿rIOd 1.855,292 (588,156) 1.061.219 1.649.375 CAyh and ¢¥sh ¢qylv•l¢nts *t the end or the rtportini period 2.916.511 1.061219 Page | 19

SSET Finhni ia Stèttmonl Notes to the C45h Flow Ststement for the Ye¥ Ended 31 Au%￿St 2020 RECONCILtATIOPI OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATif4G ACI'IVI"I'IES 2020 2019 4$ reSta￿d Net Ineomtl{expenditure) for the ttporting ptriod (AS per tbe Statement of Financial A¢tivitie5) AdjuslmeTrts for: Depreciation charsts Profit OTr dispo￿1 of fixed bssets Ini¢rcsl rec¢ived Inleresl paid DecreaseJ(Increase} in d¢b¢ots In¢rease crethtors 1,39)249 (179.436) 230,485 281.381 {2.792) (2.670) 3.548 (638,030) 101.480 {2.335) 3.987 135.704 171.¢)09 Net cgsh provided by1{￿Sed in) operntions 1.938.099 (436,519) ANALYSIS OF CHAi%GES IN NFT FUNDS Ai 1.9.19 Cash flow Ai 31_8_20 Nei ea$h Cash ai bank and in haThd 1,061,219 1,855292 2,916.511 1,(61219 1.855,292 2.916.511 Debt D¢bts f&lltn8 due wthin l year tkbts falliD8 due after l year {10.750) (78.274) (481) 10.359 (11.231) (67.915) (89.024) 9,878 (79,146) Tot1 972,195 ,865,170 2,837,365 Page | 20

SSET Finhni ia Stèttmonl Note$ tts ¢h¢ fingncSAI Ststemtrlts for the Yeir Ended 31 August 202 LEGAL FORM Th¢ SheilinB Specjil Edu£tiort Trust is 8 Chariiabk company. limiid by guaranlee. inwrpwakd in En818nd aThd WAl¢s. The re8iSt¢r¢d offic¢ 1$ ttoted on page 9. ACCOUNTING POLICIES B#$55 of prep•ring the finnciAI stAternents The fiDancial ststements ofthe chanlable company. which is i ￿bliC LnefJt eniity under FRS 102. hav¢ b¢¢n preparcd in aC¢OTdan¢¢ wilh the CThanii¢s SORP (r.RS 102y'Accountin8 and R¢p)nin8 by Chantles." Statement of Recomrnended Pra¢iice appljcable ¢0 ¢h¥JIi￿ preparin8 the accounts Ln accordance with the FinaDciI Repurttn8 Sthndard applicable Jr the UK and Republic of Irelarld {FRS 1021 leffe¢iive l Jat]uary 2019).. FinanLial ReportJn8 sthndaid 102 The Financial Reportu>g Srandard 8pplicable In the UK and ]iepublic of Ireland, Ind ihe Companies Aci 2Ixio. The financial sta*ments have been pr4MreO utwkr ¢he hislorical ¢onventio ChanEeJ in #eetswntiD% tstim•les FTtthold properry Is now being depreciated ovu an esliMa￿d economic life of 50 years as opposed kn 11]0 yeats <kprtyigtkon in the prior year finathcial stslcrnents This th been record￿1 as a prior year adjusmwit. lTh<oTnt. Ind debtorj All income is re¢ognised in the StalM)eni of Financial A¢tiviti# once the chArity has entitkment to the hjnds. it is probable that thc income will be retcived #nd Ihe amourtr be measured rellably Where fees are rnised In 4dvin¢¢. Ihe income is deferred until the per1￿j to which it rela¢e5. these delene4J aTrwt5 we shown on the lthtt sheei withJTh creditor.. fallirt8 due within oThe year. Capital 8rnft1$ are recogthised when there is ethtiilement and are r￿¢ deferred over the life of Ihe as5ei on whKh th¢y are expended. Unspeni amounts of capiial srant ate reflected in the balance in the restricied capithl fuTrJ. Trade aDd oiher debtors are rEcognised at the settlerncnt •TtthDt due after any trade discount offeyed. Prepayments are valued at the •rnouni prephid of any trade disxounts du¢. Expenditure Liibilities are reco8nised as expenditure as S￿[1 as there is a legal or ¢onsinJctive obligahoD committin8 the charlty to thai expenditUTe, it is probable thai a transfer of XDnomiE kncflts will bl requircd in 5rftlemenl and thr amount of the obligatsOD CArb be mca5urcd reliably. Eipendi¢ure is &ccountcd foT on #n 8ccrnals basi$ and has en classified headin85 that a88ie8ate all c05t rclatcd to Ihc ulcgory_ Where costs Cannot be diredly altribuied to parthcular heading5 they bave been allo￿le￿ to •¢tivilies ¢)n • bas¥s tonsistent with the use of resource& TAngibk fixed Depreciation is provided ai Ihe following annual rntts in ¢)rd¢r its vrrite off each a55el over its estimated use￿1 life. Fwechold prop¢rty Improvements 10 pfopBrty Plani and machinery FixtUTCS and fittings Motoi vchiclcs Compulcr c4uipment Stsai8hi lin¢ ovtT 50 yeaTS Straight Iinc over 50 years 2￿/• on Teducins balance 2￿ on rducing balance 25•/o on ttducing b¥[￿ 33QA on cos1 Tgyaiion The ¢harLty isexempt from corporation t&K On its charithble activitses. Fund 4¢couNtinR UThrestrieteAi funds caD be used in accordathct wilh the chjn'tsble objective5 at diseTetion of the tn]stffs. ResNici¢d funds ¢on only be used for ￿rtIcular Wtricied purpose$ within lh¢ objects of ihe charity. Restriciion$ ans¢ when spe¢ifi¢d by the donor or wben fvnds r8is¢d f¢r parti¢ul¥ restri¢t¢d purfft.

SSET Finhni ia Stèttmonl Notes to the Financial Sitements- ¢oAtinutd for the Yer Ended Jl Allgust 2020 ACCOUNTING POLICIES- continued Fund *teountiog Further eKplaThation of the nature and purposc of each fvrml is Included In the notes w the financial stalernents. Penjion ¢ommitmeDts The charity OP¢f3tu Nio pension schemes. A defined conrrikrt]lion Scheme in Accordance wilh Nauonal Employrnenl Savin85 Tn]si (NEST) and a defined benefii scheme in rclation to the Teachers, Pert&on Scherne (TPS) Thc TPS is an unfunded scheme and ¢otttributions are calculated so as to spread th£ cost Df Ihe pensions over employtts, working lives with the charity in such a way that the pension c051 15 a substantially level p￿Cents8¢ of Lurreni and fubJtE pensionable payroll. Contributions art dcicm)incd by the Gov¢rnmeni Actuary on ihe basis of 4uinqu¢nnial valuats'ons The I'PS Is a mults-employei sChc￿e and the charity is un8bl¢ lo idenlify its 5harc of ihe underlyin8 8ss¢ts and liobiliiies of the scheme on a consistent and rea￿)n￿bIC basis. The TPS Is th¢r¢for¢ tr¢aled as 4 d¢fitbed contribution scheme. Contributions p•yAbl¢ ￿ these s¢h¢mes Ar¢ thhtged to the Siatement which thcy relate. of Financial Activities in Ihc period to DONATIOLYS AND LEGACIES 2020 2019 •5 resiated Donations Grants 2.103 32.764 7.465 35.206 34.867 42.671 OTHER TRADING ACTIVITIES 2020 2019 •$ restaied Fundrai51fb8 evenls 30 7.351 J47 730.176 44,fli7 6,240 7.074.756 696.329 15.985 C•mp3 Jnd respite Other 8.126.¢160 7.793,310 INVESTMEKf INCOMK 2020 2019 as re51ated Rents received Deposil account interest 19.429 2,335 18.670 2.670 21,764 21,340

SSET Finhni ia Stèttmonl Nolts to tht Fin•n¢i*l S¢a¢¢mettts- contintsed for the Yewr Ended 31 Aug¥st 2020 CHAIUTABLE ACTJVITIES cosrs Support osts Ik¢ nolc 7} Direct Costs Totals Eduutio 6.746.902 36,540 6.785.442 SUPPORT COSfS Governance costs FAluuti 36,540 NET 1tr4cON￿{EXPFNDITURE) Net in¢omel(¢xpendiiur¢) is $￿ted •fteT charging1(¢r￿lllHg)'. 2020 2019 a5 ￿stst¢d Depreeiatiort- owned as5ers Surplus on diwsal of fixed asset5 Auditors remuneration for audit service5 230.485 192,644 (2.792) 7.oc TRUSTEES. REMUNERATION AND BENEFrrs Thtte were no trusrees. remuneraiioTr or other benefits for the year ended 31 Augu# 2020 nor for the yt4r ended 31 Au8u$i 2019. Trustees, expens were tto rrnstees, expenses for the yur ended 31 August 2020nor for the year ¢rhded 31 Au8usi 2019. io. srAFF COSTS 2020 2019 fis re51ated Wa8es and 5a]arie5 Social security costs Oth¢r pmsion costs 4.980.4￿1 334.465 315.440 5,966.571 367.705 292.744 5.630.395 6.627.020 The av¢rig¢ rnonthly nwnbet of employc¢s during the year was as follows.. 2020 2019 Tesiated 277 Employ¢48 250

SSET Finhni ia Stèttmonl Page | 24

SSET Finhni ia Stèttmonl Note5 to the Finan¢i¥l Sitements- for the Yer Ended 31 Augu$t 2020 io. STAFF COSTS- conlinu¢d Th¢ number of employees whose employ¢¢ benefits (excludin8 employer pension rosts) txcetd¢d £60,0￿ was.. 2020 2019 85 reS￿le￿ £80,￿1 - £90.￿0 The senior managernenl l￿ffl received remurtntion of £367,063 (2019" £399.819>. COMPARATIVES FOR THE STATEMENT OF FINANCtAL ACTivrriF.S Unresiricied funds RestrIc￿d Total fvnd5 as resthied INCOME AND ENDOWMENTS FROM Domtions and ley¢Jes 7.46S 35,206 42,671 O(h¢r IradLll8 4eiivitJ¢s Invest￿en1 Jncotne 7.793.310 21.340 7,793,310 21.340 Ttst41 7.822.115 35,206 7.657.321 EXPENDITURE ON Charitable attivitie5 Education 8,Ol9,963 16.794 ,036,757 NET IPCOMEJffXPENDITURE) (197.8481 18,412 (179,436) RECONCALIATAON OF FUNDS T•tl furtd$ brought forward 7,639,359 367,225 8.(KJ6.584 TOTAL FUNDS CARRiED FORWARD 7.441.511 385,637 7.827.14S 12. PRJOR YEARAWUSTMENT The Trustees and senior m8Ngemtyt have out an assessmemt of the useful economic life of land ond buildings and a prior year adjustrneni has bttn p0S￿d ￿ rencct a fifty year u5efiJl economic lif¢. The effect of the Adjusthienr made is ouilined below.. Reconciliation of rrserY¢5 Adjustmeni to the previously reported reyerv¢s as follow5,, R¢s¢rve5 ai 31 Aug1￿ 2018 previously repDrted Depreciation adjustment R¢5¢rye5 ai 31 August 2018 ¥ resrated 8.C￿,584 (42,677) 7,963,907

SSET Finhni ia Stèttmonl Note5 to tht FinAnd*l S¢atements- continued ror the Year Emded 3J August 2021J 12. PRIOR YEAR ADJUSTMENT - ¢ontinued Reserve$ al 31 Au8USt 2019 previously reported DepretJali¢)n thdjusimenl Reserves ai 31 Au8LLSI 2019 as resiated 7.915,886 (86,738} 7,827.148 13, TANGIBLL TrIXED ASSKIS Improvements Freehold pr()perty Plant and machinery propetfy COST At I September 2019 Additions 6.386,072 31.616 8,265 22.932 AI 31 August 2020 6.386,072 39,881 22.932 DEPRECIATION At I Sepiember 2019 Char8e for year 177.198 92.121 9.625 2,661 At 31 August 2020 269.319 12.286 NET BOQK VALUE At 31 August 2020 6,116.753 39,881 l Q.646 AI 31 Au8usi2019 6308.874 31,616 13,307 Fixtures Mo¢or vehicl¢$ Compul ¢quipmcnl fithn8S Totals COST At I Sepiunber 2019 Addilions 645.627 56.776 98.517 479,873 6236 7.664,637 71.277 At 31 Ay8USt 2020 702.401 98.517 486,109 7.735,914 DEPRECIATION At I September 2019 Charge fDr year 340,111 67,770 66.872 7.911 385,547 60.022 979,353 230.485 AI 31 Au8USt 2020 407.881 74.783 445.569 1.209,838 N￿[ BOOK VALUE Al 31 Auglls12020 294,522 23.734 40540 6.526,076 Al 31 August 2019 305.516 31.645 94J26 6.685284

SSET Finhni ia Stèttmonl otes to the FiD*ntlAI StateMe￿ts - Conti￿u¢d Cor the Year Ende4131 Augu511020 14. DEBTORS: AMOUNIS FALLING DVE WITHtN ONE YEAR 2020 2019 &$ restaied Trade debtOTS Other debto Prepayments and accTued income 2.356.551 32,00 120,059 2.513,706 34.307 96.301 2.508.610 2.644.314 Is. CREDITORS: AMOUI%TS FALLING DUE WITHIN ONE YEAR 2020 2019 as restate Bank loans and overdraft5 (sce nole 17 Trnde creditors Social security and othes ttxes Other creditors Accruals and deferred income 11,231 201.173 80.063 60.241 2.304.177 10.750 123,770 87.655 63.950 2.199270 2,656,885 2,485.395 16. CREDITORS: AMOUNTS FALLif4G DUE AwfER MORE THAN ONE YEAR 2020 2019 r￿tated Bank loans (see note 17) 67,915 78274 17. LOANS An analysis of the maturity of loans is ￿Vert below" 2020 2019 &% restaied Amounts falknn8 due within one year on d¢m•nd'. Bank loans 11,231 10.750 Amounts fallin8 between one and two years.. Bank loans - 1-2 yea 11,631 11.160 Amounts fallin8 due between two and fivc ycar5: Bank loans . 2.5 years 38.352 37.162 Amounts fallin8 due in rnore than five yemrs.. Repayable by insialmenls.. Bank ]oans more 5 yr by Lmsthl 17.932 29,952 A variable bjnk loan 413% above bose 1$ repayable by instalm¢n15 fallin8 due bdwem D¢cembei 2016 and December 2026.

SSET Finhni ia Stèttmonl Nvte$ ¢0 thr Fitt•nclAI Stl¢¢menls - tontlnued ror the Year Ended 31 AuEust 2020 18. LEASING AGREEMENTS Minimum lease paymenis under nON-&￿e¢ll&ble operntin8 le4s¢s fY4ll du¢ a$ follow$'. 2020 2Q19 resialed Within one year BeNeeo one and fivc years 28.016 38,1(K) 28.016 66,116 66.116 94.132 19. SECURED DEBTS The following 5ccurcd debts are included within creditors.. 2020 2019 Is ruiaied Bank loans 79.146 89.024 Thc loan shall be 5￿u[¢d by the following in favour ofthe bank lo b¢ th¢ I sl legal charge ovei the fre¢i)old property at Wcslmounl. The Shelling. Horton Romd, Ashley HtBth. Ringwood. Hants BH24 2EB. 20. MOVEMENT IN FUNDS Pri year adjustment Nel rnovemenl in funds Transfe¥s beiwe¢n fuThds At 31.8.20 Al 1.9.19 Uor¢stricted funds Gcneral fund covtt>19 reponse 7,530.249 (88.738) 1.394.431 (5(KI,IK)O) S(KI,IM)o 8,335.942 500,000 7,530.249 (88.738) .394,431 8,835.942 Restricted fwnds ESFA capital funding ColleBe d¢)uble classroom Other capiial proJe¢ts Hedley Foundaiio Sensory Garden 115.564 209.160 58,756 2.157 25,481 (4,774) {20.732) (2.157) 7.000 141,045 204,386 38.024 385.637 4.818 39).455 TOTAL FUNDS 7,915.886 (88.738) 1,399.249 9,226,397 Page | 28

SSET Finhni ia Stèttmonl Nole$ to the Financl*l StAtements- continyed for the YeAr Endrd 31 August 2020 20. MOVEMENT IN FUNDS- contittued Nel mvcmenl in funds, ineluded In the above are as follows.. Incoming resourtts Resources expended Movemenl in fund5 Unresiricted f￿ndS Genual fund ,149.926 (6.755.495) 1,394.431 Restricted funds ESFA capital fijnding ColleBe double classroom Other capital projects Hdley Foundation Sensory G&rden 25.764 (283) (4.774) (20.733) (2.157) 25.481 (4.774) (20.732) (2.157) 7.0(K 32.765 (27.947) 4.818 TOTAL FIJNDS 8.182.691 (6.783.442) 1.399.249 CornparAtives lor movement in funds movement its funds Ai 31.8.19 At 1.9.18 Unr¢stricted funds General fund 7,639.359 (197.848) 7.441.511 Reslrieitd fund$ ESFA capital fur￿Ing College double classroom Oiher capitsl projects Hedley Found•tK)n 87.496 214.620 65.109 28.068 (5,460) (6.353) 2,157 15.564 209.160 58,756 2.157 367,225 18.412 385.637 TOTAL FUNDS 8,(X)6,584 (179.436) 7,827.148 Page | 29

SSET Finhni ia Stèttmonl Nolu to tht FinAtre511I St9tcments - tontinued for the Yeir End¢d 31 AuKwt 2020 20. MOVEMENT IN FUNDS- continued Comparnlive Dei movemetht In funds. included in the aix)ve are as follow5.. Incoming T¢%nuree$ Resources expended Movement In ￿ndS Unre$trDcted fynd$ Genernl fund 7,822,I I S (8.019,963) (197,848) Restricted fundg ESFA capital funding Collcgc doubl¢ clE4&%room Other cipiial projec Htdl¢y Foundation 28.496 {428) (S,460) (10,063) (843) 28,068 (5,460) (6.353) 2,157 3.710 3.000 35.206 (16.794) 18,412 TOTAL FUNDS 7.857.321 (8.036,757) (179,436) A current year 12 months and prior y¢Nr 12 monihs cornbineo po$ilion Is as follows: Prior Net movemeni in fvnds Transfers beNeen funds At 31.8.20 At 1.9.18 adjustmtnl Unrestricted fund5 GelleTal filnd COVID-19 TqK>ns¢ 7.639.359 (88.738) 1,196,583 (500,0￿)) 500.OIX .247,204 7.639.359 (88.738) 1,196.583 8.747,204 Rejtrirted fund* ESFA capital funding College double classroom Other capilal proicctS Sensory Garden 87.496 214.620 65.109 53.549 (10,234) (27,085) 7,000 141,045 204,386 38,024 367.225 23.230 3KI.455 TOTAL FUNDS 8.006.584 (88,73B) .219,813 9.137,659 Page | 30

SSET Finhni ia Stèttmonl otes to the FinnciAI Stxtements - eonlinued for the Year Ended 31 Augy$t 2020 20. MOVEHEKf TN FUNDS - eontinued A curTcnl y￿rI2 tnonths and prior y¢ar 12 month$ combined nei movement m fund5. included in the above are a5 follows". In¢omin8 Resources Movement infiu Unre5trirted funds Gener81 fund 15.972,041 (14.775.458) 1.196.583 Restricted (uods EsI￿A cèpifal funding College double ¢I￿$roOM Other capiTal projects H¢dl¢y Found41iott Sensory Garden 54.200 (711) {10.234) {30.796) (3.000) 53,549 (10.234) (27.085) 3.711 3.0(￿1 7,0 67.971 {44.741) 23.230 TOTAL FUNDS 16,040.012 (14.820,199) .219.813 Restritltd funds ESFA capital fi￿￿1n8- funding to keep scbool buildings in good conditson Jo sfvd¢nts learn in a safe and effective enviTOthment. Capital funthn8 L5 allocated from the ESFA which ig used ￿ fund specific ¢olle8e ￿pital projects. College double ¢lassroom fvndin8- A new double classroom was ¢OnStru¢ted in 2016Jl 7 which was part-financed by grants received fyom 8 separaie oiganisations. FundiD8 wenl lowaids th¢ cosi of iwo New classrooms including ￿[nIshingS and equipmeni. Other capital projects funding-gnnts rtteived from organiMtions towards the co5 of sm4ll¢r ¢•piMI projecis in¢ludin8 mini-bus. ¢olle8e shelter. play equipment and hall chair5. Sensory gttrden- grants received to fund ihe st￿50ry garden projeci at the Sheiim8 prerni5e5. this prOj￿t his been delayed due to The pandemic. COVID-19 Resportse - set aside to provid¢ addili¢)n&l resources ￿ supwrt our cgeratioml r¢spons¢ to the impa¢1 of the COVtD-19 pandemLC. 21. RELATED PARTY DISCL(Y3URES There were DO related party transllction5 for y￿r end¢d 31 Augvsl 2020. Page | 31

The Sheiling Ringwood

Horton Road, Ashley, Ringwood Hampshire BH24 2EB 01425 477488

www.thesheilingringwood.co.uk

Page | 32