2025-08-31-accounts

The Sheiling Special Education Trust Financial Statements Year Ended 31 August 2025

Reference & Administrative Details

Registered company number :

Registered charity number :

08116370 (England and Wales)

1149264

Principle address and Registered Office:

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

Trustees

Mr J Freeman Mr J R Blake (appointed 20 December 2024) Mr J Pyzer Mrs J Kenward Mr D Keeton (resigned 24 July 2025) Mrs J Dampney (resigned 31 January 2025) Mrs E Peachey (appointed 6 January 2025) Mrs A Copp Mr D Lincoln Mrs V North

Auditors

Saffery LLP Midland House, 2 Poole Road Bournemouth BH2 5QY

Solicitors

Forbes Solicitors Buckingham House, Glovers Court Preston PR1 3LS

Senior Management Team

Corine van Barneveld, Principal Andy Walters, Head of School Mike Gamble, Head of College Katie Francis, Head of Health & Therapies Katy Kerr, Head of Finance & Premises Heidi Hom Rasmussen, Head of Residential Services

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Report of the Trustees (year ended 31/08/25)

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 2025. 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 Residential Special School and an Independent Specialist College. 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 are valued and met.

• To promote a nurturing culture where each student 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 to develop functional skills and independence which can then be transferred to the wider community.

• To offer students 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.

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Activities

Education Provision

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

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

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

The curriculum, based on the Steiner Waldorf curriculum, is a broad and balanced developmental curriculum which is grounded in the stages and milestones of child development. The Steiner Waldorf curriculum aims to support theindividual student’s rounded development – physical, intellectual, moral and spiritual. It includes all the subjects found in the National Curriculum including English, Maths, Science, PH SE&C, Computing, Art & Design and PE.

The 45-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 pool, gym and 143-capacity hall with stage. Neighbouring the site is Moors Valley Country Park making it a great location 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 offsite activities and outings.

The school offers the nationally recognised ASDAN qualification and more recently started, through Pearson Education, Entry Level 1 & 2 Maths qualifications. 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 counselling, eurythmy therapy and colour light therapy.

The residential students live on site in large, family-style houses of which there is one for the school age students, two for college students and a fourth available for a mix of upper school and 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 considering all issues regarding safeguarding. The Managers of the different houses work together regularly to assure positive 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 organisations.

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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:

• 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.

Maypole dancing in the sunshine!

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Strategic Report Achievement and performance

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

School

• The school has been rated Good with features of Outstanding in Nov 2024 by Ofsted, with continued celebration of the strengths of the school in Personal Development and Behaviour and Attitudes.

• All 4 2024-25 leavers achieved their ASDAN Personal Development awards and the school also celebrated 6x Entry 1 and 2x Entry 2 Maths Functional Skills qualifications achieved.

• 2x leaders have achieved NPQH and the Head of School is currently enrolled on the NPQ SEN CO Award program also.

• Many improvements are being undertaken to the premises, including updated changing facilities in the swimming pool and improvement to the entry to Briery.

• Parsifal double classroom building project has been completed and this allows the capacity of the school to grow. Student numbers remained steady at 35 students in 2024-25 and have now grown to 42 in 2025-26. This is enabling the school to support more students and their families and the new classroom facilities are a very valuable asset to support complex needs and ensure an excellent continuing standard of education.

College

• Each student's co-created study programme forms their bespoke curriculum; this degree of person- centred focus enables stretching and meaningful outcomes for our students both at college and thereafter.

• All students achieved their accredited learning outcomes and attended a presentation ceremony for receipt of their certificates.

• In the Summer Term, 7 students completed their Bronze Duke of Edinburgh's Award and received their certificates in July.

• 5 students completed their Silver Duke of Edinburgh expedition in September 2025.

• The build for a new college double classroom started in August 2025.

• Following our Level 3 and 4 qualifications for our TAs, we now have 5 senior TAs.

Other

• Safeguarding is central to everything we do as an organisation. All trustees and staff 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 teams.

• Our strong positive behaviour support team, linking in with Speech and Language Therapy and Occupational Therapy, provide excellent support to staff and students ensuring that behaviours which challenge are minimised.

• Opportunities are available for staff to develop their skills through external training, liaison with other schools and colleges and through a broad range of in-house staff training.

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

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

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

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

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

• Throughout the year, committee and working group meetings take place for Safeguarding, Finance, Teaching and Learning, Equality, Diversity & Inclusion and Parent Forum.

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

Quality Assurance

• A school education Ofsted inspection took place in November 2024 and was graded ‘Good’

• An Ofsted inspection for the residential element of our special school provision took place in June 2023 and was graded ‘Outstanding’.

• A college education Ofsted inspection took place in May 2024 and was graded ‘Good’.

• A Care Quality Commission inspection occurred in March 2019 regarding the college residential provision and was graded ‘Good’. Remote monitoring from CQC continues and can be viewed on the CQC website under Sheiling Special Education Trust.

Capital Development

Various projects were undertaken during the period to both maintain and develop the site for school and college provision. Fundraising is carried out for the benefit of capital projects with funding applications submitted to external trusts, charities and companies. Significant projects included the following:

• Parsifal- New school double classroom build £807K

• Resurfacing of main car parks £86K

• House bathroom upgrades £61K

• Swimming pool upgrades £29K

• IT upgrades £69K

• Two 9-seater vehicles £36K

• Various bedrooms and communal rooms redecorated in all houses

• Capital spend in the year (including the above) totalled £1.24M

Our new double classroom – Parsifal

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Financial position & review

The financial performance for the year is summarised below:

----- Start of picture text -----
2025 2024
Total - Excluding Total - Excluding
£’000 capital £’000 capital
grants grants
£’000 £’000
Total Income 10,099 10,069 8,830 8,796
Total 9,225 9,195 8,625 8,591
Expenditure
Net Income 874 874 205 205
----- End of picture text -----

Income has increased by £1.2M in total compared with the previous year (14% increase). Our student numbers have been maintained at 71. The increase in income is due to a change in the day /residential mix of our students' packages.

The main source of income is student fees received from Local Authorities with an element received directly from the Department for Education (DfE), formerly the Education Skills Funding Agency (ESFA) for college students - these fees equated to 100% (2024: 100%) of total income excluding capital funding and donations. Overall student numbers remained at 71 (2024: 71) with school numbers decreasing from 36 to 35 (3% decrease), college numbers increased by the same, going from 35 to 36 (3% increase).

The largest expenditure heading continues to be staffing £7.6M (2024: £6.9M) which equates to 83% of expenditure (2024: 81 %). In relation to income, staff costs represent 76% (2024: 79%) of total income, excluding capital grants and donations.

Tangible fixed asset additions in the year totalled £1.24M which related largely to the construction of a new school double classroom (Parsifal), £807K. The net book value of fixed assets increased to £7.77M largely due to the addition of Parsifal.

The 'Cash at bank and in hand' figure decreased from £6.37M at the start of the year to £5.51M largely due to the cost of Parsifal being funded from reserves. However, net current assets increased from £5.83M to £5.87M over the same period due to a smaller creditors balance £586k (2024: £3.59M)

Total reserves have increased to £13.6M from £12.8M during the year with a £31K balance (2024: £34K) on restricted funds, being restricted in relation to DfE (previously ESFA) for capital projects that have since been completed.

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 principle 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.

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Principal funding sources

The Charity is, in effect, solely reliant on continued government funding, whether this comes directly to us from the DfE, (formerly ESFA) or via individual Local Authorities. In 2025, 100% (2024: 100%) 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 continues its 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 relationships with bodies including DfE, Local Authorities, National Association of Special Schools, National Association of Specialist Colleges, Independent Schools' Bursars Association and other networking partnerships.

• Tight control over staff and non-pay costs to ensure they do not exceed fee income.

• 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.

Reserves policy

The Trustees 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 every two years. 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 been built into the three-year financial plan which will be achieved via control of our future surplus and capital investment decisions. During the course of the past two financial years, we have built up sufficient reserves to enable us to fund capital projects and progress with development of the site to align with our new strategic plans. We are therefore holding reserves to fund this capital programme. In addition, whilst the reserves levels currently sit above our suggested policy levels, Trustees consider this prudent given the significant risks posed by the current economic climate.

Future plans

• The Principal's latest overarching Strategic Plan 2025, approved by the Board of Trustees, details the future plans for the estate, its buildings and new building projects over the next 3-5 years. There will be a significant focus on preparing the estate for the next 25 years of education, from a workforce which continues to be trained and knowledgeable within the Sheiling's ethos and delivers excellence in the provision we offer, alongside a portfolio of modern and progressive buildings.

• Student placements for school (43) and college (35) are as expected going into 2025-26 with the potential for further placements to be offered later in the academic year.

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

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

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• Continue to ensure close working between all departments of The Sheiling Special Education Trust.

• Continue to improve links with other schools and colleges to work collaboratively with regards to positive behaviour support 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 have remained stable with a sustainable mix of day and residential. It is intended to maintain the proportion of residential students at around 40% of overall student numbers, subject to appropriate staffing being available.

• Recruitment and retention of staff remains a key operational challenge; in particular, the potential reduction in availability of overseas staff due to a reduction in immigration quotas.

• Potential changes to government policy around SEND funding is potentially impactful and remains a central consideration.

• In addition to focus on the management of the above risks, trustees continue to provide strategic support and guidance to ensure the provision of high-quality care and education and, through monitoring, planning and challenge, help drive improvements across all areas of provision.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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.

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Decision making

The Board of Trustees meets at least 5 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 Equality, Diversity and Inclusion, Teaching and Learning and Parent Forum.

Induction and training of new trustees

Trustees are selected from across a broad range of professions to ensure a wealth of experience. The current Board of Trustees includes experience and expertise within Business, SEND Schools/Colleges, Care and Finance.

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 for 3 years but are eligible for reappointment at the end of that period. 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, and can be informed by analysis of the Trustees Skills Audit, which is undertaken periodically. 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.

Key management remuneration

The trustees consider the Board of Trustees, Principal, Head of School, Head of College, Head of Residential Services, Head of Finance and Premises and the Head of Health & Therapies to comprise the key management personnel of the charity as listed on page 1. All members of the Board of Trustees give their time voluntarily and receive no financial benefits from the charity. Remuneration of key management personnel during the year, other than the trustees, totalled £575,581 (2024: £524,756) for the year with employer pension contributions totalling £79,164 (2024: £69,198). Key management personnel ( excluding trustees) are referred to as the Senior Management Team (SMT). A Pay & Remuneration Policy, approved by the full Board, is used by trustees to help determine pay for the SMT and the Principal which is based around benchmarking data for the sector whilst also considering 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

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regarding financial, operational and reputational areas. Risks are scored using a consistent scoring methodology and are regularly reviewed by the Senior Management Team and Trustees. The Risk Register identifies the controls in place to help mitigate risks to an acceptable level.

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.

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.

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AUDITORS

The auditors, Saffery, 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 for the year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet, the statement of cashflows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

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 2025 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 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.

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Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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 course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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 Trustees' Annual Report which includes the Trustees' Report and Strategic Report for the financial year for which the financial statements are prepared are consistent with the financial statements; and

• the Trustees' Annual Report which includes the Trustees' Report and Strategic Report 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 Trustees' Annual Report and Strategic Report.

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.

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Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement set out on page 11, the trustees (who are also 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 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 to do so.

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that Act.

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 an auditor's report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities: We assessed the susceptibility of the charitable company's financial statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the charitable company by discussions with trustees and updating our understanding of the sector in which the charitable company operates.

Laws and regulations of direct significance in the context of the charitable company include The Companies Act 2006, and guidance issued by the Charity Commission for England and Wales.

The company is subject to other laws and regulations where non-compliance could have a material effect on amounts or disclosures in the financial statements, through significant fine, litigation or restrictions on the charity's operations. We identified the most significant laws and regulations to be those monitored by Ofsted and the Care Quality Commission.

Audit response to risks identified:

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We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the charitable company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the charitable company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

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 auditor's 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.

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Statement of Financial Activities

For year ended 31 August 2025

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55ET Finbniia Stbtomtnl Balance Sheet For the yt•r ended 31 August 2025 2025 2024 Note Flzed ¥ssets Tangible assets 12 7,766,906 &933,423 Current assets Debtors Cash at bank and In hand 13 893,520 5,509,476 6.402.996 3.045,253 6,369,475 9.414.728 Crediiors: amounts fallin8 due within one year Net currentassets 536.320 3.588.S99 5.866.676 5.826.129 Net assets 13.633.582 12,7S9.552 Charlry fvnds 16 Restrirted fvnd5 Unrestrirted funds 13.633,582 12,759.552 Total funds 13 633 582 12.7S9,552 The financlal statements were approved and authorlsed for Issue by the Tn￿tee5 and Si￿ed on their behalf by: l Freem•Tr {Chair of Truste¢5) Date.. 0511212025 Page | 18

55ET Finbniia Stbtomtnl Statement ofcash Flows Forthe year ended 31 August 202S Note 2025 2024 C*sh flows from operatltt8 •dlvldes Netcash used In operating artiviues 171.037 Sll.823 C•sh flows from Inve$dD8 activitles Purchase oftsngible r￿ed as5¢15 Sale oftangible r￿ed assets Interest recelved Inter￿ paid Netcash provlded by InvestlDgartlvldes (1,186.2S41 41,052 132.190 18.024 1.031.036 (288.264) 2,153 I28￿85 IS7.226 Change In L3sh and ash equlvalents ltt the year Ca%h and cash equivalenrs at the beginning of the ye¥r Cash and cash equlyalenls at the end ofthe year (859.999) 6.369,475 5.509.476 3S4.597 6.014,878 6,369 475 Page | 19

55ET Finbniia Stbtomtnl Note5 to the Statement ofCa5h Flow5 For the year ended 31 Au8urt 2025 Rec(tynclllatloD ofnet Income w ne¢ ￿$h flow from operndn8 acdvldes 2025 2024 Net In￿rne forthe reportlttg perlod (as perth• S¢atem*nt of Flnandal Adlvltles Adjustments for: Depr¢¢iatson charges (Profit)Iloss on disposal of fixed a55ets Interest received Interest paid (Increaselldecrease in debiors In¢reasel(decre3se) in ¢redltors 874,030 205.054 332,297 (20.578) (132,190) 18.024 2.151.733 (3.OS2.279) 293.369 131.819 1128.885) 34.918 1496,266) 471.814 Nei Cash provlded byoperadon$ 171.037 511.823 Analyd$ of thang¢s In n¢¢ fvDds Balan¢¢ at I September 2024 Balancè at 3 1 Aii8USt 2025 Cash Ilow Net cash Cash at bank and in hand 6,369.475 (859,999} 5,509,476 Totsl 6.369.475 {859.999) 5.509.476 Page | 20

55ET Finbniia Stbtomtnl Noles to the Flnandal Slatements Forthe year ended 31 August 202S General Informatlon The Shelling Special Educatlon Trust Is a charitable company, Ilmlted by guarantee. Incory)or4red Sn En￿and and Walek Its rtgtsrtred office and prlndpal place ofbuslness ts The Sheulng Rln8wood Horton Road, Ashley, Rln8wood. HampshiTr. BH24 2E Accoundn8 poll¢ies 2.1 B￿1$ of pr¢paratlon of IIDandal ststements The finandal s￿lements ofthe Charitable company. which is a public benefit entity under FILS 102, have been prepared in accordan¢e with the Charities SORP [FRS 102)'AccountinB and Reporting by Chanties: Statement of Recommended Practice applicable to charities prepariftg theiraccounLS in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effertive I january 2019).. Financial Reportin8 S￿ndard 102 The Financial Reporting Standard applirable in the UK 3nd Republic of Ireland. and the Companies Art 200& The finandal statemenLS havebeen prepared under the hlstorlcal costconventlo The financial statemenrs are prepared in strrlin& whlch is tht functlonal currtnLy of the company. Monetary amounts in these financial statements are rounded to the nearest & Z2 Goln8 coocern At the tlme ofappmvlng the finan¢lal statements. the trustees have a reasonable expectation that the harity has adequate resources to continue In operational existence and meet its liabilin'es as they fall due for the foreseeable future, being a per5od ofat least 12 months from the datt these flnanclal srarements were approyed. Acc¢)rdln8ly. theyconiinue to adopr thegoing concern basts In preparln8 the financlal statement& 2J Income All income is reco8nised in the Statement of Financial Artivities once the charlry has entltlement to the funds. It is probable that the income will be received and the amount can be measured rellably. Where fees are raised in advance. the In¢om¢ ts deferred unril the period to which it relates. these deferred amounrs are shown on the balance shert ¢redltor: amounts faulng due within one year. Caplral grants are recognlsed when there is enlltlement and are notdeferred over the life rjf the asset on which they are expended Unspeni amounts ofcapital grant are retle(ted in the balance in the restricthl ¢apital fund. 2A Expendfture Expenditure fis accounted foron an accruals basts and has been ¢lasslfied underheadln8s that a8gre8ate all cost related to the ote80ry. Where costs canrtot be dlrectly attrlbuted to partlwlar headings they have been allorated to a¢tivities on a basts conslstent wlth the use ofresourtt& Page | 21

55ET Finbniia Stbtomtnl Notes to the Flwcial S¢•l¢rn¢uts [￿ntInU￿) For tht yearetsded 31 Au8USt 202S 2S Tan8ible tlxed assets Depreciation is provlded at the followfjngannual rates In order to %thte off Vdch asser over itsesumafed usefvl lift Freehold property.. Plant and machinery. Fixfures and rtriin8S-. Motorvehide5'. ComDUter tQUiDment l%oncost 20% on redudng balance 20% on reduting balance 25% on reducinl balance 33% on cost Induded wlEhln th¢ Freehold Property a5S¢t class is £1,780.00012024.. £1.780.000) of land whith is not depredated 2￿ Ta¥atlon The tharity ts txtmpt frorn eorporatfjon rax on Its chadtsble ¥tivitie> unrys￿l¢Lrd (unds can be ustd irt accordanct with the Charl￿ble obje(tivtS dt the discrtLioAofthe trusi¢¢& Re5trirted fi]nds can only be used for particu13r restrirted purposes Within the objerts of the charity. Restrittions arise wh¢n specified by the donoror when funds are raised for partIC￿ar restricted purpos¢& Further explanation of the naturtand purpose of eath fund is irtcluded in the noies to the financial srarement& 2.8 PeDsloA conuDltmeDts Pension commilments The charfty operates tsvo pension schemes. A defined corttribution scheme in accordance with Natbonal Employment SavingsTA￿l IN￿) and a defined benefiischeme in relation to the Teachers, Pu￿10n Scheme (TPSI. TheTPS is an unfunded scheme artd o)ntributiOrts are ¢alcuja￿d so as w spread the ￿$t ofthe pensions ov¢r ernployees. working lives with the charity in such a way thaithe pension cost Is a substantially level percenrageofcurrentand future pensionable payroll. Conrribuiion5 are deterniined bythe Government Artu¥ry on ihe basls of qulnquenntal valu3Don> The TPS Is a mulU-eMployerschemeand thecharlfy Is unable to idenilfy Its share olthe underlying assers and liabllities ofthe scheme on a consisnt and reasonable b3si& TheTPS is therefore treated as a defined contrihution stheme. Contrlbutlons payable w these Schemes are d)arged w the Statement of Flnanclal Artlvitles In the perlod to which they relate. Flnandal Instruments Thecharftyhas elected toapply Secttons 11 and 12 of FIL$ 102 In respect of flnandal InstrnmertLE Flnanclal assets and finandal153billtles are recognised when thecharlty becomes party to the contracwal provisions of the instrurnenL Finartcial liabllities and equbty Instrnments areclasslfied accordin8 to the substantt of the contractual arrangements entered into.An equity Instrumeni is any contrart that evidtnces a residual interest in the assets of the charity after dedurting all of its Ilabllittes. Page | 22

55ET Finbniia Stbtomtnl Notes to the Finandal Icotttlttutd) Forthey•r 31 Auzust 2025 2.9 Flnandal Instr¥meNts (<ontlLued) The chariws polkies for its malor classes of finandal assers and flnandal liab11 ities aresrtoutbeiow. Flnandal assets Basic financial assets. including trade and otherdebtors and cash and bank balance5 are initially re<o8nised at transartion price, unless the arrangement con#iNies a financing transactioTh where the transaction is mexsured ai the present value ofthe fuiure receipts discounred ai a market r4te of interest for a similardebt in5trumenL Finaneingtransartlons are those In wblch paymeTht ts deferred btyortd nonnal busIne￿ ¢ermsor Is flnanced ata rate ofinrerestthat is nota marknt rat Such assets art 5ubsequendy ¢arrled at amortised cost usin¥th¢ effErtive inteEYrt method less any [mpaIrn￿nl FIDandal Ilabllldes Baslc flnancfjal Ilabilliies. including trade and othercreditors. unless thearran8ement consrltutesa rinancing transartiorL where the debt instrument Is measured at the present value ofthe future pa￿ents dlscourtied at a market rateof 5nt¢rert fora sirntlar debt lThstrumtnL Flnandn8 transartlons are those Sn whlth paymenl ts deferred bryoThd ngnnaj business tenns or i¥ financed at a rate ofinterut that is no¢ market rat& Debt tr￿trumentsaresUbseqU¢Th￿y carrled at amorttsed COSL uslng the effecttve Inrerest r4t¢ rnrtho Inylrmetofflnadal assets Flnancial 355ets mtdsured at cost and amorttsed cost are &%sessed ai the end ofeach reporting period for objective evldertceof ImpalrmenL If oblec¢iv¢ evidence of impairrneni is found. an impairmeni1055 15 reco8nised in the income and expendiiure accoun1& For financlal assets measured atcost less Impalrmen¢ the 5mpalrment loss is measured as ihe dlfferen¢e between the asse¥s carrying amount aDd the best e5tirnate ofthe amountthe charity would receive lor the asset If It wereto be 501d at the reportlnidate. For flnanclal 055ets measured atamtsrtised COSL the Impalrnientloss ts rrteasured as the difference be￿¢¢￿ the asset's carryinBamount and the present value ofestimated cash flows diswunted at the assrf's original effective interest rdlc If the financhal asset has a variable interesr ra, th¢ discouni rate ror measuring any impairnent loss is the Current effectlve interest ra￿ drf¢rn)ined undtr the coThtra(v If thereis a decrease In the impalrment1055 arL%lng frorn an event o¢currln8 after the impalnnentwas rrfognised, the Impatrment ts reversedThe reversal Is such that thecurreni eaTry6n8 amount does not txceed what thecarrying amountwou]d havebeen had the impairment not prevlously bettt recognLse The impalrment reversal is recognised in thestatementof financial activities. Derecoznlilon of finand31 assets and flnandal Habllltles Firtancial assets are der¢co8nised when la} the contrnctual ri8hrs to the cash flows frorn the asset exp5 or are seM]ed, or (b) subsranu311y all the risk5 and re￿ardS ofthe ownership ofthe wetare transferred to anotherpary or {c) desplie hav5ng retslned sorneslgnlfirant risks al￿ reward5 of ownershlp. control of the asset has been transferred to another party who has the pra￿¢31 abllltyto unllaterally sell the ¥sset to an unrelated thlrd party wtthout Imposln8addltlonal restritllon Financial liabillties are derecognis¢d when the liability is e¥tin8Uished that ts when the Contractt￿l obliytlon Is dlschar8e4 cancelled or explre& Page | 23

55ET Finbniia Stbtomtnl Notes ¢0 the Flnancial Stsiemtnts (continued) For the year eaded 31 August 2025 Flnandal Instruments (contlttued) Offsetung of flnanclal assets and flnanclal Ilabiiirks Financial a￿eLs and liabilities are offset and the net amount reported in the balance sheet when there 15 an enforceable right ro set off the recognised amounts 2nd there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 2.10 Critical accounting jud8ements and key 50urce5 of estimatson uncertainty In the application of the charirable company's accounung policie5. which are described below. the trurtees are required to make judgemenrs. estimates and assumptions about the carrying amounts ofassets and Ilabllides that are not readily apparent from other source These ¢stimate5 and associated assumption5 are based on historical experience and other factor5 that are consldered to be relevanL The esrimates and underlying assumptions are reviewed on an ongoing basi& Revistons ￿ accounung estimates are re¢ognised in the period in which the estimate is revised Lf the revision affects only thai period. or in the period of the revision and future period5 if the revision affects both currenr and future period& Tht following are artas thatare considered to be key 50ur(es of t￿lmation unrertainty, there are no significani judgements to not& The economlc useful life of tsrtgible fixed assets and the expected reskdual Value on future dlsposal Is estimated by the Trustees based on their knowledge and experience. DoDaUon$and Legacles 2025 2024 t)onadons Grants 28.710 30.721 59.431 8.252 33,757 42.009 Grnnts recelved, Includlng In the above, are as follows: 202S 2024 DfE- Capital Funding 30.721 30.721 33.7S7 33.757 Other tradlng artlvlttes 202S 2024 Fundralsln8 even Fees Other 12.079 9.753.340 50.630 9.816.049 14.045 8.387,623 53,244 8.454.91Z Page | 24

55ET Finbniia Stbtomtnl Noleslo the FIDaDdal (couti#Utd} Forth¢yeaTeud¢d 31 202S InvestsNt IA¢ome 202S 2024 Rents received Dep)slt accounf Inren 56.610 167.432 224.042 58.364 274,385 332,749 Charttsble aLfvlde5cosI support Costs ttISts (Thote 71 Toul funds Education 9.170.962 54.S30 9.Z25,492 CompaAlJves fordur6tsblea¢dvltles COSfS Dlr•rt Support tosts eosts 7) Totsj ds E41uradon 8 528 685 9S.931 8,624.616 5upport¢osts To¢•1 funds Flthance Eduodon 13,221 67.7SI 54,S30 cOmp￿¥tiVeS forsupon costs Gtsvernanc• rosts To¢al fvnds Flnance Edutatlon 57.007 Net Incornel{exp•ndltur•) N¢t Income/(expeThdliure) is stated after chargin81(credltln8): 202S 2024 DeprKlatfjon Profit/{lossl on disposal of fixed assets Audltors remunerat5on for audlt sery11¢5 Auditors remunerdtion for noTraudli servlces 332.297 20.578 20,000 3.900 376.775 293.371 131.819 6.600 4.957 436.747 Triistees. r•munerddon and exp¢nse5 Duringtheyear ended 31 August 202S. no tri￿¢¢5 recelved any remuneradon or other b¢n¢firs (2024. Nll Durln8 the yfdrended 31 Augysr 2025 reimbursements for trdvel and accommodation expenses payable to trustees was Enll12024: £Z741 Page | 25

55ET Finbniia Stbtomtnl Notes ¢0 the Flnandal Statements (contlnued] Forthe year tnded 31 Auy5t 20ZS 10. Stsff Costs Staff r05ts wereas follows.. 2112S 2024 Wages and s￿aneS Sodal securlty costs Other p¢nslon5 6.452,407 621.443 S60.660 7.634.SlO 5.967,233 529.884 447,696 6.944.813 The average monthby number ofemployees during theyear wasas ftsllows.. 202S 244 2024 237 Employees The number ofemployees whose employee benetits exceeded E60.000 202S 2024 £60.001 - £70,000 £70.001 . £80,000 £80.001. £90.000 £ioo.ooi £1 10.000 £1 10.OOJ . £120.000 The senior mana8em¢Rltearn received r¢munerauon of£575.581 (2024.. £524,756). Durln8the reportSrtR perfod. the durlty InCu￿ed redundancy and ternilna￿oft payments ofE3 J8212024.. £Nill. Comparattves tor the Statement of Flnandal Acdvltles Unrestrlrte Rds Restrtrted nds Tottl Income and endowments from Donations and leRaci¢s Other tradlng artlvltles InvestmeThi incorne Other inc¢)me Totsl 8.252 8,454,912 332.749 33.757 42.009 8.454.912 332.749 8.795.913 33.757 8,ez9.670 Expendlture on charltable actlvltles Education Net Ineome 8,590,859 205,054 33.7S7 8,624.616 205.OS4 Re￿ncIlIatIOn Or￿ndS Total funds broughr forward 12.5S4,498 12,554,498 Total fund carrled fonvard 12,759,552 12.759.552 Page | 26

55ET Finbniia Stbtomtnl Notes to the FIDancial Stat¢ments (o)atiDu¢d) Fortheyear¢nded 31 Au8USt 2025 IZ. T•Th8lble fixed usets Frtehold Assets under property Cortstrurtlo Plantand m*cblnery At I September 2024 Additions Dtsposals Transfe Backdated VAT adjustment At 31 Au8USt 2025 6.241739 99,031 812,865 Z9.736 1.075 (14.66n (99￿31} 34.445 6.193.627 812A6S 30,811 Deprtclatlo At I Seprember 2024 Charge for the year Eliminated on disposal Backdated VAT adjusunent At 31 August 2025 443.528 44.615 (1,161) 980 4B6,002 21.423 1.680 23,103 Net bookvalu¢ At 31 Auiust 2025 At 31 Auiust 2024 5,707.625 S799211 812.865 7.708 Iz. Tanzlble flxed ass¢ts- comtsnyed Flxnwes and finln85 Motor vehicles Computer equipTnetst Totals Cost At I September 2024 Addition5 Di$posals Transfe Bad(dated VATadlustment At 31 August 2025 1,763,964 321,487 (92,004) 99.031 1,614 2.090.B64 225.235 37.280 626.122 69.154 (482.48S) &986.827 1,241.861 {S89.156) 13.405 249,110 6.143 206.648 55.607 9.S83,925 Depr•cl4tlon At I September 2024 Char8e for the year Ellmlnated on disposal BaCkda￿d VAT adjw%tmenr A¢31 August 202S 917.411 211.253 (8S.036} 463 1.043.16S 120.116 32.443 550,926 1053.404 54.338 344,329 (4B2,485) {568.682) 6.631 L ￿3 9SBI (12.032) 145.928 118M21 1.817.019 Nei bookvalue AI 31 Au8USt 2025 AI 31 Au8USt 2024 1,047,699 846,553 103.IB2 105119 87.827 7.766,906 Tbe thariry re8lstered forVATort S November 2025. The backdared VAT adjustment relates ro sthool fees bKomln8 a t￿ble 5upply.Therefore these adjustments are In relauon to the backdated inpyt VAT claimed and related depreciation. Page | 27

55ET Finbniia Stbtomtnl Notes to the FIDandal Statements (cootlnued) For the year ended 31 Au8USt 202S 13. Debto 2025 2024 Due wlthln one year Trdde debtors Otherdebtnrs Prepayments and accrued Incorne 588.077 74.566 230.877 893,520 2.716.676 32.000 296.577 3,04S.253 l& CredltorJ: Ajnounts fallln8 due wlthln one year 2025 2024 Trade Crediiors Sothal seLwrlty and other taxes Other creditor5 Acmu15 and deferred income 2S2.919 146.048 100.372 36.981 536.320 30S.478 113.477 72.995 3.096.649 3.588.599 Is. Leasin8 4reemEnts Minimum Sease payments under non%ancellable operatin8 leases fall due as follo￿. 2025 2024 Within one year Between one and fiveyears 10.962 8.875 19.837 8,346 14.605 l& Movement In fu#ds Current year Balanfe at I September 2024 Transfers bttweeD fun Balance at 31 August 2025 Movemttht In ￿ndS Unrestrlrted funds Ceneral fund Capltsl fund Total lunds 10,759,S52 2.000,000 12.7S9.552 874.030 11.633.582 2.000.000 13.633.582 874.030 Net movements in fijnds. intluded in the above. are as follow5.. Incomlnz Resourtos expended Movement ID funds Unrestrlrted funds General fund Restricted (und5 ESFA capitsl funding 10.068.801 (9.194.771) 874.030 30.721 {30.7211 Totsl tunds 10.099,522 9.225.492 874,030 Page | 28

55ET Finbniia Stbtomtnl Notes oo the FIMaNdal Sl•t¢m•nts (com11D￿d) For the year eDded 31 Awst 2025 16 Movement lttfvnds (utttlnued) Comparauve5 for movements In funds Bal&Thce at I ￿PteMber 2023 Mov¢m¢Trt In lunds TTrnsfr Blrt(ei betweeo 31 Auzusi lunds 2024 Unrestrlaed fvDds General Fuods Capital Fund IZ554,497 20S.054 {2,000,000) 10.759,552 2,000,000 2.000.otIo 12.759.SS2 12.554.497 205.054 Comparatlve netmovements In funds. 5nduded In theabove. are as follows= Resour￿ Movement exptnded ID fvnds TeSOUrtes Uttrestrlrted fvnds General fund RestTkned funds ESFA tapitsl fundiu 8.795.913 {8.590.8591 205,OS4 33,757 (33.7571 Total funds 8.829.670 8,624,616 205.054 DeJl8D•t¢d fi￿￿S Capital Fund- the board of trUS￿e5 have d￿l¥nated fvndsto enable a planned pro8ramm¢ of capltsl Wor￿ to be undertaktrL Hes￿L￿ed ESFA capltal furÈdlng. fundingto keep xhool buildings In good condition so Students tan learn In a sage and effective environmenLCapital ￿ndin￿ is allordted from the FSFAwbi(h is w¢d to fund spethfic coll¢Re capital projert Tr41￿[¢rb¢IWQeTh fuD¢ts In the prioryear. a trat)sferof hjnds was completed from 8tn¢ral fvndsto a desi8nared capltal fvnd as the M)aTd 0ftr￿$t¢e$ wtsh to recogntse asrf level of reserves whith are ￿ enablea planned programme of plt¥l wot*sto be undertake No suth transf¢rwas undertaken in theyearel￿ed 31 Ay8uM 202% 17. Emplgyee bene(it obllptlons The ¢harity eoniribvtes to two pension schcm¢s, a defined ¢ontrlbutl•n stheth¢¥ttd a delkned benefit schem& During the year.the cbarfty made contributions tothe defined contribution stheme of£349.152 (2024.. £267.065} and contributlons to thedefirted beneflt scheme of£211.508 (2024.. £180,631). ConrributLons toralling E42.463 (2024.. £32,288) were payable w the defined ¢ontr5bulSon scheme and £24.12212024.. £21,618) were payablew the defined benefitsthemeatthe balancesheetdateand are In¢lud¢d within othereredito l& Relatedparty dtsclosures Durfngthe year, The Shelling Special EducadonTrurtemployed a dose relatlve ofone of theTru5tet& rotsl remun¢ration payableto thts Indlvldual In was £37.404 (2024: £34.274). Page | 29

The Sheiling Ringwood Horton Road, Ashley, Ringwood Hampshire BH24 2EB 01425 477488 www.thesheilingringwood.co.uk

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