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2025-08-31-accounts

THE GREEN ROOM FOUNDATION LTD REPORT OF THE TRusfEES AP4D FINANCIALSTATEMEN7S FOR THE YEAR ENDED 31 AUGUST 2025 Charity Number 1149294 Company Number 07916254

THE GREEN ROOM FOUNDATION LTD INDEX Page Trustees. Report Auditorfs Report 7-10 Statement of Financial Activitie5 li Balance Sheet 12 Statement of Cash Flows 13 Notes to the Accounts 14-24

THE GREEN ROOM FOUNDATION LTD Trustees, Report Forthe year ended 31 Augusi 2025 The Trustees who are a150 dirertors of the charity for the purposes of the Companies Act 2￿6. present their annual report and the financial statements of the charity forthe 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 Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191- OBJEcfivES AND AcfiviTIES Overall Objectlves and Aims: - To provide audacious and unmissable education for our pupils. - To be the number one independent School in the borough for young people that are no longer succeeding in mainstream education. - To re-18nlte a passion for edu￿t￿On In all of our students. - To provide consistent 5UPPOrt and life changing opportunities for every student. - To detemiine how to share our expertise through the wider education community. ObJectlvL4S for the Year: - To improve and extend the facllities for all our sixth form pupils atThe Swan. including the 8arden and therapeutic space. - To improve the facililies for music, therapy and teaching by addlng a garden pod bulldlng to our Kingsley site. To add facilitie5 to our Albert St site. - To develop our facllltles at our 104 Maldenhead Road slte. - To prepare for delivery of Alternative Provision at our Kingsley site. - To continue to innovate our curriculum to deliver targeted best prarti5e peda808y to all puplls. To contlnue to develop vocatlonal and work experlence opportunltles for all pupils especlally In conjunction wlth the communlty at The Swan usin8 innovative business ideas for pupils in a real life context. - To maintain OFSTED"Outstsndin¢ standards in all areas of all our provisions. - To achleve the above regardles5 of any impact of pandemlclepidemlc eg COVID-19. Blrd Flu etc. Sl8nlfkant art￿ltIeS We provlde Academlc an(1 Therapeutlc development for young people aged from 11-25 who are no longer attesslnB mainrtream edu¢ation. We aim to help the students achieve English, Maths and Science GCSES, Entry Level CertifKates and Unlt Awards amongst other qualifications. Addltionally we provide acce55 tu therapeutlc SUPPOrt to keep puplls engaged In their own education and enable them to move on successfully from The Green Room at the appropriate time. At our farm school we complement academic activities with farm-based learning via BTEC Land Based Studies and Construrtion qualifications. as well as Lantra Tractor Driving qualification5. Also at our farm school we are developlng an Altematlve Provlslon service to provide a route for youn8 people. who may not have an EHCP, to receive Green Room educatlon. We have purchased a vintage Peugeot Food Van for use at school and ambassadors events acro the Foundation.

THE GREEN ROOM FOUNDATION LTD Trustees. Report {Contlnuedl For the year ended 31 August 2025 Publlc benefft The Green Room Provlslons are now establlshed and trusted non malntalned Independent schools within counci15 in and around Berkshire, Surrey, Hampshire and Buckinghamshire. The sense of achievement seen in our pupils is even greaterwhen we take into account our results were realised against a back8round of neuro-dlverslty. selective mutlsm, eatln8 disorders, dlfficult home situations and the damaglng effects of both mental and physical bullying that these students often experienced in mainstream ￿h¢JoI0ng. We support both our young people and their Pa￿nts to mSnlmlse the long term effects of not golng to school. Volunteers We are very open to receiving help from appropriately qualified volunteers, and have benefitted from this particularly at The Green Room Kingsley and The Green Room Colle8e. We have utilised many volunteers from our communities as part of The Swan Elders programme atThe Green Room College. Having given their time and expert15e to The Swan there are many who are interested in helping our young people with gaining new skills and experiences. ACHIEVEMENTS AND PERFORMANCE Stalf Wellbeing: Our organisation 15 its staff, and consequently the Trustees and management take particular care to ensure the well-beinE and happiness of our Staff. Our success in this area is refierted in our very low staff turnover and very pleasing resuhs to regular staff sutveys. Fundral$lng Artl¥llles: Fundraisin8 has been led by a slEnrficant donation of time. materéals, expertlse and hard work at The Swan. In addition we are in receipt of regular donations from alumnus and their families, as well as fundraising by family members of the stsff. We have also been in receipt of larger donations eg from Communlty Interest Funds and plan to do more to leverage grant making organlsations in the future. OFSTED.. We were judged OFSTED "outstandin￿ in all areas of all our provisions again.. GRW/GRC in June 2023 and GRK in October 2023. Flnanclal Revlew School fees have Increased to £3,880,53812024-. £3,470,072> as a result in the increase Sn the number of puplls. Our school runnlng costs have Increased to £3,255,32312024: £2,793,8161. Thls Ss mainly due to an increase in our staffin8 Costs which was deemed necessary given the increase in pupil numbers and to enhance the delivery of the educatiorbal 5ervlces and support provided by the charity. Our unrestrlcted fund balance. as of 31st August 2025, of £4.132.20512024: £3.427.0131 enables us lo remain robust and continue to meet its aims and objertives, providing Vltal services for young people aged from 11-25 needlng academSc and therapeutlc development. Total funds as at 31 Au8USt 2025 were £4,182,20512024: £3,487.0131 and include restrlcted buildbng funds of £50,0 12024.. £60,000). Reserwes Pollw:

THE GREEN ROOM FOUNDATION LTD Trustees. Report Icontlnuedl For the year ended 31 August 2025 Our policy takes into account the cyclical nature of our income. We aim to have reserves equlvalent to between four and eight months running costs. We are achieving thi5. We have retained funds for property development at 104 Maldenhead Road for College and Foundation activlties, and at 4 Albert Strerf to allow for expansion and security of the Wind50r site. Fees Recelved In Advance: We blll our school fees in advance and work dlli8ently to agree terms, source purchase orders and chase for payment. Some councils are fècing financial dlfficultles andlor staffing issues Sn this regard, however it remains a high priority key objective for the Finance Team. Future Plans". A5 of November 2025 104. Maidenhead Road has become the new home ofthe Foundatlon Team. the site is directly adjacent to The Swan where The Green Room College 15 located. As of January 2026 the development of 4 Albert Street, whlch is connected to 4A Albert Street, the extenslon of the facilities for the students at Green Room Windsor was completed. They are also able to take advantage of outside space at thi5 Site. We started our Green Room Project at Kingsley in November 2025, where we offer Alternative Provision sessions to puplls currently In other schools or out of school. The facility Ss a stables and there Is a focus on outdoor learnin& nature and animals. We hwe been suc￿$$fUl in securing Community Infrastructure Le￿ funds from East Hampshire Council to allow u5 to purchase a new garden playlexerclse equlpment whlch is proving very popular with pupils and staff allke We work with particular focus on our pupils, "Futures. includlng work eXperIen￿ opportunltles at our own events at The Swan and at other busine55es in Windsor and the Kingsley area; in addition to opportunltles to undertake training and help to move on into apprenticeships, and with progresslon into paid employment or further study for a number of our young people. We have "Future< staff in all provision5. More outreach work is done by executNes and senior manager5 to help other schools and we plan to extend thls. UHY Ros5 Brooke prepare our Annual Accounts, and art as Audthrs. Prinupal Funding Sources: The source of our funds w35 the counclls In and around Berk5hire* principally Royal Borough of Win(isor and Maidenhèad (Achieving for Children CICI, Surrey County Council, Hampshire County Council and Bucklnghamshire County Council. These funds cover the day-to-day runnin8 costs of the school and ensure all students are well looked after when they are on our premlses. Owner5hlp: In collaboration with the community and The Windsor and Eton Brewery we own The Swan in Clewer Vlllage. Wln(Isor. We now own 4 and 4A Albert Street- the base for The Green Room School, Windsor. We own a modular building in our Klngsley slte, and the garden rooms. We own 104 Maldenhead Road, a site adjacent to The Swan.

THE GREEN ROOM FOUNDATION LTD Trustees, Report (Contlnuedl For the year ended 31 August 2025 Structure GoverMn¢e and Mana ment The Govemlng Documentr. The Charity is controlled by its governin8 document and constitutes a limited company. limited by guarantee. as defined by the Companies Act 2006. Re¢wltmeTht, Appolntment, Indurtlon and Tralnlng of New Trustees: Prospective new trustees are normally proposed by members of The Green Room School management team or by the Incumbent trustees. Those proposed are invlted to a trustee meetlng and an advisory board meeting as an observerto ensure that they properly understand the workings of the company and the board. If they Still wish to be a trustee, a formal elertion will take place at a designated trustee meeting. Trustees meet every school term la minlmum of 3 tlmes per year). New trustees. with appropriate skills, are selectèd at a designated trustees meeting. They are then given an induction and are provided wlth tralnlng, approprlate to thelr exlstlng sklll set. Org•nlsitlon•l Strurture: Fergus finto and Peter Rawling* are the directors of The Green Room Foundation Ltd and the Trustee5 of The Green Room Foundation Charity. Ray Sawyer resl8ned in March 2024. Amada Gee and Rhona Micolli resigned in September 2024. We are appolntlng 2 addltlonal Trustees. Rlchard Allen is the CEO of The Green Room Foundation Ltd. He Is appolnted by the Trustees. and is esponsible for the day to day management of the Charity and the schools. Danielle Haxby is Director of Education. Jane Nicholls is our School 8usiness Director. and Lexie Sparks is our Operations Director with partlcular responslbillty for buildlng projects and events. Callum Flanagan is our Head of School at Green Room Wlndsor. BeckyThompson Is our Head of School at Green Room Kingsley and Ashley Sheehan is our Head of School at Green Room College. Rl$k Managemenl: The trustees have a duty to identify and review the risks to which the charity is exposed to ensure approprlate controls are in place to provide reasonable assurance a8alnst fraud and error. We have responsibility to the Department for Education and have put processes in place to implement appropriate governancei pupII progress. outcomes. behavlours and safeguarding. All staff are re8ularly trained in safe8uardin8 and child protection and we have adhered to the p￿￿55e5 required to ensure we deal with all safeguarding issues quickly and decisively. We have a responsibllity to our customers Icounci1s1 to ensLTrre we put processes in place to deliver for our pupils via their Education Health Care plan defined needs as well as the above educational standards. We have è responslbllity to Envlronmental Health to ensure we operate to a hlgh level of cleanliness for our catering operations. We have a responsibiltyto the publlc, our pupils. staff, visitors and others via the Health & Safety Executlve to ensure approprlate risk assessments and processes are in place for all the pupils, locations and activities we undertake. We utilise a consuttan(y firm - Worknest- to as515t in ensuring compliance to the complex standards required. stsff are first aSd trained to ensure we can offer emergency first aid in school and on trips.

THE GREEN ROOM FOUNDATION LTD Trustees, Report (Continued) For the year ended 31 August 2025 Reference and Administrative Detsils Registered company number- 07916254 (England and Wales) Re8lStered eharlty number.. 1149294 Registered office: 4A Albert StreeL Windsor SL4 SBU Trustees: Fergus Tinto Chrlstopher Peter Rawlln8 Rhona Miccoli (Resigned 24 September 2024) Amanda Gee IResigned 23 September 20241 Audltor. UHY Ross Brooke Chartered Accountants and Re8lStered Auditors Suite I Windrush Court Abingdon Business Park Abingdon Oxfordshire OX14 ISY Bankers: Barclays Leicester LE87 28B

THE GREEN ROOM FOUNDATION LTD Trustees. Report {Contlnued} For the year ended 31 August 2025 TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees (who are also dirertors of The Green Room Foundation Ltd for the purposes of company lawl are responsible for preparlng the Trustees, report and the financial ststements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel, including Financial Reporting Standard 102 'Yhe Financial Reportlng Standard applicable in the UK and Repyblic of Ireland" Company law requires the Trustees to prepare financlèl statements for eath linanclal year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fairview of the State of affairs of the charitable company and of the incoming resources and applicatlon of resources, including the income and expenditure, of the charitable company for that period. In preparin8 these financial statements. the Tru5tee5 are required to.. select Sultable accounting policies and then apply them consistently• obseThe the methods and principles in the Charities SORP.. make judgments and accounting estimates that are reasonable and prudent,. prepare the financial statements on the 80in8 concern basis unless It Is inappropriate to presume that the charitable company wlll continue In operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explaln the charitable company's transartions and disclose with reasonable acc(tracy at any time the financlal posltlon of the charltable company and enable them to ensure that the flnanclal statements Comply with the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detectlon of fraud and other irreEularltie5. Statement as to dlsdwure to audltors So far as each person who was a trustee at the date approvln8 thls report Is aware, there is no relevant audit information of which the charitable company's auditor is unaware. Additionally, the trustees indSvidually have taken all the necessary steps that they ought to have taken a5 trustees In order to make themselves aware of all relevant audit information and to establish that the charitable companVs audltorls aware of that information. Thls report has been prepared In attor(lance wlth the specSal provlslons of part 15 of the Companles Act 2c￿6 relatlng to sm311 companies. Approved by order of the trustees on . and Signed on its behalf by: P Rawlin8

THE GREEN ROOM FOUNDATION LTD MEMBERS OF THE GREEN ROOM FOUNDATION LTD For the year ended 31 August 2025

Opinion

year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet, 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:

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the 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

In auditing the financial statements, we have concluded that the directors' 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 charity'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 directors 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 contained within the annual report. Our opinion on the financial statements does not cover the other information and 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.

7

THE GREEN ROOM FOUNDATION LTD MEMBERS OF THE GREEN ROOM FOUNDATION LTD

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

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

Responsibilities of trustees

As also the directors of the Green Room Foundation Ltd for the purposes of company law) are

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 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.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a 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.

8

THE GREEN ROOM FOUNDATION LTD INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE GREEN ROOM FOUNDATION LTD

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 is detailed below:

We have considered:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the areas in which management is required to exercise significant judgement, such as the disclosure of adjusting items. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context were the Companies Act, Charities Act and tax legislation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or noncompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

9

THE GREEN ROOM FOUNDATION LTD INDEPENDENT AUDITOWS REPORTTO THE MEMBERS OF THE GREEN ROOM FOUNDATION LTD Use of our report Thi5 report is made solely to the charity's members, as a body. in accordan￿ with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undertaken so that we might state to the charity's member5 those rnatters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by13w, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body. for our audit work. for thi5 repor¢ orfor the oplnSons we have formed. Caroline Webster FCA {SeniorStstutory Auditor) For and on behaw of UHY R05s Brooke, StatutoryAuditor Suite I Windrush Court Abingdon Business Park Abingdon Oxford5hlre OX14 ISY 0110412026 io

THE GREEN ROOM FOUNDATION LTD STATEMENT OF FINANCIAL AcfiviTIES {INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST2025 Unrestrfrted lunds 2025 Restrlrted funds 2025 Totsl funds 2025 Total funds 2024 Incomlng Resources from: Donatlons and grants 16,497 16,497 23,399 Charitrble artlvltles School fees 3.880,538 3,880,538 3,470,072 Other income Investment Income 17,360 36,120 12,102 16,028 36,120 Total income 3,950,515 3,950,515 3,521,601 Resources expended: Raisin8 funds Charitable activities School running costs 3,245.323 io,oc 3,255,323 2,793,816 Total empendhure Net lexpendlturel11￿0rne 3,245.323 10.000 3.255,323 2.793.816 705.192 Iio,oDoI 695,192 727.785 Transfers between funds Net movement In funds 705.192 iio.0001 695.192 727,785 Reconciliation of fund5: Total funds brought fonward Net movement in funds 3,427,013 705,192 60,OLbJ 3,487,013 iio,0001 695,192 2,759,228 727,785 Total fund5 ¢arrled for￿rd 4,132,205 s0,0￿ 4.182,205 3.487.013 The Statement of Financial Activities include5 811 gains and1o55es recogntsed in the year. AJI acllvltles derlved from wntlnulng opreatltsns during the above iwo finaA¢lal periods. li

THE GREEN ROOM FOUNDATION LTD BALANCE SHE AS AT 31 AUGusf 2025 2025 2024 Note Fixed assets Tangible assets Investments li 12 2,786.422 131,000 1,500,346 131,OCNJ 2,917.422 1,631,346 Current assets Debtors Cash at bank and in hand 13 742.584 2.380.019 489,576 2,857,888 3.122.603 3.347,464 Liabilities Credltors: amount5 falling due within one year {1.741,5701 {1,330.547) Nel Current assets 1,381,033 2,016,917 Total assets less current liabilities Creditors.. Amounts falling due after more than one year 4.298,455 3.648.263 1116.2501 1161,2501 Total n•t assets 4,182,205 3.487,013 Funds Restricted income funds Unrestricted income funds 19 18 50.0 4,132,205 3,427,013 Total funds 4,182,205 3,487.013 These account5 have been prepared In accordance wlth the provisions applicable to companles subjert to the small companies reglme. The financial statements were approved by the Trustees, and author15ed for i55ue on . and are slgned on thelr behalf. by.. P Rawling Trustee Company Number: 07916254 12

TrIE GREEN ROOM FOUNDAlloN LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 Note 2025 2024 Cash flows from operatinE activities Net cash provided by operating activities 21 929,117 1.5(Q,998 Cash flows from Investlng actmtles Interest recelved 36,120 16,028 Purchase of tangible f(xed assets 11.39&1061 1725,9721 Purchase of Investments Cash provlded by Investing actIV￿eS {1,361,9861 1715,9441 Cash flows from flnancing adlvltles Loan repèyments in the year 145.0001 145,0001 {45,CWI 145,Cl)01 Chanse In cash and cagh equfvalents In the ye•r 1477.8691 740,054 Cash and ¢ash equivalents at the beginning of the year 2,857,888 2,117￿34 Cash and cash equhalents al the end of the year 2,380.019 2,857W8 13

ThE GReE14 ROOM FOUNDATION LTD NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31AUfjU5fzoz5 AtcountlTr8 pdldes The Green Room Foundauon Ltd lsa Charitable Company Ilmlted byBuaranteE In Engkind and Wa￿. In the event of the charity being wound UP the liability cf the Buarantee 15 £10 per member of the charlty- The addressof fts princlpal place of buslnes5 Is 8lven on page l and the nature of Itsoperatlons ar¢ set outln thetrust¢es' report. 1.1 Dasls of prtyaTrllon of finandal stat•m•i)ts Thefinanclal statements of the charitsble company. whlch Is a publlc benefft Èntity uthderFRS 102. have been preparèrf In accordance wlth the CharftiÈs SORP IFRS 102I'Atttsuntin8 and Reporting by Charities.. Statement of Aetomrneftded prattite appli¢èble to tharities preparing thtiratcounts in accordance with the Financial Reporting Standard appl￿ble in the UK and Republlc of Ireland IFRS 1021 leffectlve l January 2019Y. Flnanclal Reportingstandard 102 Yhe Flnanclal Re￿rtI￿ Stsndard appllcable in the UK and Republlc of Irelaniy and the CompaniesAtt 2006. Thefinancial 5tètsments The principal occountin8 poliries èrE 5urnmarised belcw. The occountin8 policie5 have been applied consi5teTrtlythrou8hout the year and the precedingyear.The financial 5taternent5 are presented in sterfin8 which Is the functional currency of the charity and rwnded to the nearest £. 1.2 Golry eoncern Thefinan¢ial Statements have been prepared on a 80in8 ￿nCerTh ba￿5 aSthelru5tee5 believe that Th) materiol uncertainties e￿5t. Thetru5tee5 have considered the level of lund5 held and the expected level of income and expenditure for 12 rnonths frorn author1singthesefinar￿1aI statemeffls. ThÈ budgeted Income and expenditure is sU￿c￿ent wlth the level of res@￿eS for the charityto be able t ¢ontirnJe a$ ) going concern. l.a In(ome All in¢ome is re¢o8Thsed ID ihe Statement of Flnandal A¢tivitfjes once the charity enlitlementto the lurx15, It is probable that the income will be re￿Ned and the arnount can be measured reliablv. School fees are reco8nised inthe period to whlch they relate. Donatlonsare Induded In full In the statement of financlal activitle5 when received. L4 Exp¢ndlture abilitie5 are reroenised as expenditu￿ as soon ès there ￿ a le8al orconstructive obligation committingthe charity to that expenditure, h Is probable that a trar￿fer of economlc benefit ￿11 be requlred In settlement and the amount of the oblSgatlon can be measured reliably. Expenditure 15 accountedlDron an accruals basis and has been da55ified under headingthat aggregate all c05t related tothe category. Where costs cannot be rtireLtly attributed to particular headingsthey have been allocatedto activities on a basis con5i5tent with the use of resources. Goyernancetosts Include those costs assoclated meetlng constltutk)nal and statutory requirements olthetharityand Include audottsrs fees ad co#$ linked tothe strate8i¢ mana8ement of the charity. Support C05tsare those fvnctFDllSthat a55iStthe work of the Charity but do not di￿rt undertake charitable activitie5. Support Costs include back office CDsts. finarKe. personnel. payroll and governance costs which supports the Charity's actniitie5. These costs have been allocated to charltable acti￿tIes. All costs relate tothe runnln8 of the school and the charltable companvs 0￿¥fUnd Is the General Fund. All costs are therefore allocatedto school runnlng costs as detailed in note 7. 14

IHE GREEN ROOM FOUNDATION LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED IIAUGUST 2025 1,5 In¥esfments Investments in assoaates are measured at cost less irnpaiTmenL 1.6 Tan8lbl¢ Il¥ed assets andd¢predaiton TanBlblefixed a55ets are stated at Cost lessdepreciation. Depreciaiion Is provhledat ratescalculated to write of the cost of fixed assets. over thelrexported useful Ilyes on the tollowing bases- Freehold property Improvements to property F￿tUreS and fittin85 Matorvehlcles Computerequlpment 2% on c05t IO% on cost 25% on CDSt 25% oh ttrst 25% on cost 1.7 Debtors Debtor5 With no stated interest rate and receiv3ble within one v?ar are recorded at transaction prfce. Any Ios5e5 arisinglrom impaiment are recognised in expenditure. IA Credltors Creditorsart re¢o8nised whEn thEfE i$•n oblwion atihe ￿lance shttt date as a reyjlt of a past eveTht, it is probable that a tran5ferof economic benefit will be required In settlement, and the amount of the settlement can be elllmaied rellably. Credltors are recognlsed atthe amount that the Char113ble Company antidpates It wlll pay to settle the debt or ihe amount li has re¢¢ived 45 advanced payments forth8oods of serv1￿$ h ffjust provlde. The mortgage of £116.250 ineluthd wthin Creditors: amountsfalliTr8 due after mrethan one year has not been included at its fairvalue measured at the present value of all future cash re￿Ipts dlscounted uslngthe preval11￿ market rate of Intere￿ as required bythÈ Financial ReFxJrting Standard applit8L4e inthe UK and Republicof Irela￿d IFRS ID21. The mortgaBe ha5 been carried at C051. In thE opinion Df thelTUStee5, thi5 does not result in a material rni55taterr￿tWlth￿ these ffinancial statements. 1.9 Taxlon The Charltable Company isconsKlered to P3$5 thE tests set out in Pa￿raPh I SrhedulE 6 of the Finanie Att 2010 aodtherefore it meet5 the definition gf ? Charitable Companyfor corporation tax purp05e5. Acrordinglyi the Charitawe Company is potentially exempt from taxation In respect of incorne crcapital gain5 recewed withln cate8orles covered by chapter 3 part 11 of the Corporation Tax Act 2010or Sectlon 256 of the Taxatlon of Chargeable Galns Aci 1992. tothe extwt ihat swh Income orgalns are applled excluslvelyto thorltable purposes. 15

THEGREEN ROOM FOUNDATION LTD NofESTO THE ACCOUNIS FOR THE YEAR ENDED 31 AUGUST2025 1.10 Penslons ber The Charity tontrfbutes loa definÈd tontribubon stheme. Payrftentsto defined ¢oirtr1b￿ron retlrement bpnefit 5cheme5 1recharged a5 an expense as theyfall due. 1.11 Fund •¢countlry Unre5trirted fund5 con be vsed In accordance with the charrkble objective5 at di5cretioTho*the trustees. ReSt￿cted funds tan onty be used for partltu18r restrlcted purposes wtthln the ob)ertW of the charity. Re5trirtions arise when sperrfied bythe donor or whenfund5 are rai5edlorparticular Further explanation of the natureand wrpose of each tund is includd in the note5 of the finanoal statements. 1.12 Operatlng lease wmrnltments Rental pald under operatlng leases are th8r8ed to the Statement of finantial Activttie5 on a slraighi Ilne ba￿5 overthe period of the lease. 1.13 Volurrteers In a¢¢Ordan￿ wlth the SORP, and In reco8nltlon of the drfflcultles In pl)cln8 4 monetary valueon the ontribution from Yolvrfeers, the Contrfb￿IQfi of volwteers15 not Included withln the Income of the charity. 16

ThE GREEN ROOM FOUNDATION LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Donatlons and legades 1025 2024 Donation5 Grants 16,497 8.933 14,466 16,497 23.399 Inwme from charftsbles actlvltes 2025 2024 School fees 3,880,538 3,470,072 Other In¢ome 2025 2024 Fundr4i5ing events 17,360 12,102 Inv•stn*nt income 2025 Deposlt account Interes 36,120 16.028 17

THE GREEN ROOM FOUNDATION LTD NOTESTO THE ACCOUNTS FOR THE YEAR ENDED al AUGUST 2025 L School runnirl ¢0sts 2025 2024 Green Room materials Tutors and clas5 leaders Sthool mèals Green Room Trlps & actlvltles Soclal securlty Pension costs 92.506 1,457,398 23,950 47,195 155,414 163,987 58,148 1,233,134 19,354 31,706 123,683 148,033 1,940,450 1,624,058 Support Costs (Note 71 1.314.873 1,169.758 Total School running ¢ost5 3,255,323 2,793,816 Support ￿$ts 2024 Rent Rates and water Insurartce Light and heat Telephone Printin& postage and 5talionery Premlses èxpènses Software. training & resources Consultancv Travel Accountancy and bookeeping Motor expenses Staff & student welfare Donation5 Administration salaries Admlnstratlon expense5 (Profitllloss on disposal of assets Depreclation Bank Charges 51075 2,478 20.874 6,221 7.008 11,991 38.235 58,408 42.952 15.479 10,275 32,732 32,078 24.157 774,122 76,612 13,0001 112,030 146 83,110 7,350 18,465 18,599 7,531 11,476 25,952 72,162 42,027 13,700 12.495 12.354 35.994 9.555 627,969 87,￿3 83,907 109 1,314.873 1,169,758 18

THE GREEN ROOM FOUNDATION LTD NOTES TO THE ACCOUP4TS FOR THE YEAR ENDED 31 AUGUST 2025 Net Inwnellexpendi￿re} 2025 2024 Net Incomellexpenditu￿I for the year includes: Depreciation Fees payable to auditor for.. audit other services 112.030 83.907 5,000 4,000 4,(XJO 4.000 Staff costs 2015 Wa8es and salaries Social securiiy costs Penslon costs 2.092.000 226.308 232.612 1,753,191 173,120 206.508 2,550,920 2,132,819 10. Staff numbe The èvÈr88e monthty number of employees during the year was: 2025 2024 Teacher5 Adminstration Total 37 21 19 53 The number of employees who received total employee benefits lexcludlng èmployer pension costs) of more than £60,1XK) is as follows: 2025 £60,￿&1- £70,000 £70,001- £80,000 £80,001- £90,000 £90,001- £IOO,OCQ The trusieès nelther receS¥ed norwalved any remuneration during the year12024.. £Nill. Trustees, expenses paid forthe year ended 31 August 2025 amounted to £NII12024: £2921 Key management personnel rece￿ed aggreBate remuneration of £4(KJ,64712024.. 369,5131 19

THE GREEN ROOM FOUNDATK)N LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2025 11. T•nBible fixed •ssets Freehold Property Improvements to Property Fixtures & Firtings Cost orvaluatlon At I September 2024 Additions Olsposals 1.255.989 1.128.081 450.392 192.875 63.564 12.177 At 31 August 202S Depreclatlon At I September 2024 Charge forthe year On disposals 2.384,070 643,267 75,741 43A18 28,274 207,423 48,12Y 55,517 5,418 At 31 Au8USt 2025 71.692 255.546 60.955 Net bookvalue At 31 August 2025 2312,378 387.721 14,786 At 31 August 2024 1,212571 242,969 8,047 CHARrrY Motor Vehlcles Computer •4ulpm•nt Total ost or valuation At I September 2024 Additions Disposals 63.624 60,989 1th).720 3,984 1.934.289 1,398,106 At 31 Au8USt 2025 Depreclation At 15epternber 2024 Charge forthe year On disposals 124.613 104.704 3,332.395 45,882 20,892 81.703 9,503 433.943 111030 At 31 August 2025 66.774 91.006 545.973 Net book value At 31 August 202S S7￿39 13,698 2.786.422 At 31 August 2024 17,742 19,017 1,5CKI,346 20

THE GREEN ROOM FOUNDATION ITD NOTES TO THE ACCOUNTS FOR THEYEAR ENDED 31 AUGUST 2025 12. Flxed asset Investments S￿re$ in asso¢iates Cost or valualloTh At I September 2024 131.000 At 31 Au8U5t 2025 13Li Plet book value At 31 August 2025 i,(KJO At 31 Au8USt 2024 131,000 Assoclate Name Swan Clewer CIC Holdln 25% 2025 2024 Aggregate capltal and reserves Profit I (Loss) for the year 562.842 29,749 S25,236 14.643 In collaboration with the community, The Windsor and Eton Brewery, the charity owns 25% The Swan in Clewer Village. Wind50r. The Swan 15 used to provide a unique Setting for 51xth form puplls to continue their education. gain useful skills and become part of their community. 2025 2024 Trade debtors Other debtors and prepayments 704,755 37,829 450,089 39,487 742,584 489,576 21

THE GREEN ROOM FOUNDATION LTD NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Credltors: amounts tsllln8 due wlthln one T 2025 2024 Other loans Trade creditors social security and other taxe5 Fees involcetl in advan Accruals 45,Crf)O 61,179 287,812 1.338,569 45,OJO 13,832 131 1263,584 8.OCQ 1.741.570 1,330,547 15. Creditors* omounts falling due Jft¢r mprethan one year Z024 Totsl mortgage INote 161 116,250 116.250 161,250 161.250 16. io•ns 2025 2024 Amounts fallin8 due within one year: Mortgage 45,0 45,ClJO Amounts fallinB due belween one and two years.. Mortga8e 45,LK)O 45,000 Amounts falling due betweerb two and flve years: Mort8age 71,250 116,2SO The mortgage Is repayable by monthly Instalments of £3.750. Interèst frèe, and Is secured on the freehold property. 22

THE GREEN ROOM FOUNDATION LTD NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2025 17. Analysi5 of net assets ktween funds Currentyear 2025 Total Funds Flxed Net RÈ5trlcted funds U￿r￿trItted funds 50.C(¥) 2,867,422 50.000 4.132.205 1,264.783 2,917,422 1,264,783 4.182.205 Prior year 2024 Total Funds fixed Assets Assets RpstrSctèd funds Unre5trirted fund5 60,(KIO 1.571,346 60,000 3,427,013 1,8S5,667 1,631,346 1,855,667 3,487,013 Movements on funds Current year All September Z024 At31 August 2025 Income Expendlture Transfers Unrestrirted funds General funds 3,427.013 3.950.515 13,245.3231 4.132.205 Total lunds 3,427,013 3.950,515 13,245,323) 4,132,2C15 Prioryear Atl September 2023 At31 Au¥u5t 2024 Incomè Expendltwe Transfe um￿trIcted funds General funds 2.689.228 3,S07.135 12.769,3501 3.427,013 Total fund5 2.689.228 3.507.135 12,769.3501 3,427,013 23

THE GREEN ROOM FOUNDATION LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENOED31 AUGusf 2025 19. Movements on Restrlcled funds Current year Atl Septembor 2024 At31 August 2Q25 Income Expenthture Translers Restricted funds Fixed asset fund Iio.OOLII iio,0001 50,000 Total funds 60,C4JO 50,000 Prfx year Ati September 2023 At31 Av8YSt 2024 Income Expendltur• Translers Restrlrtedlunds Fixed asset fund 70,CxlO 14,466 124.4661 60,000 Totsl lund5 70,CK)O 14,466 124,4661 60,000 The Flxèd asset fund relates to majorworks at The Swan Relatsd party tr￿S8￿10th$ During the yearThe Green Room Foundation paSd costs to further develop the fatilities at the Swan Clèwer OC totalling £29,00012024.. £9.0001. The Swan Clewer CIC is a company in which The Green Room Fovndatlon owns 25% of the share capital. The Swan is usèd to provide a unique Setting for 51Xth form pupils to continue their education, gain useful 5ki11s and become part of their community. Transactions with key management personnel and trustees have been disdosed within note 10 of thesÈ financial 5tstement5. 21. Re¢4)n¢illlon trf n¢t expendilure to net Cash flow from oper•tlng artlvltles 2025 2024 Net income I lexpenditurel for the reportln8 period las perthe statement of financial activRbes Adjusted for- Depreclatlon and lrnpalrment of tanglble fixed assets Interest retelvable Ilncreasel I decrease In debtors Inciease I Idecreasel In credltors Net cash provided byl (used in) Operating Attivities 695,192 727,785 112,030 136,1201 1253.0081 411,023 83,907 116,0281 596,346 108,988 929,117 1,500,998 24