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: 

- 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, 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 _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: 

- the information given in the trustees' report, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; 

- the directors' report included within the trustees' 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 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: 

- 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 

   - ; or 

- we have not received all the information and explanations we required for our audit. 

- the trustees were not entitled to prepare the financial statements in accordance with the small m the requirement 

- to prepare a Strategic Report. 

## **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: 

- the nature of the charity and sector, control environment and operating performance; 

- the charity’s own assessment, including assessments made by key management, of the risks that irregularities may occur either as a result of fraud or error; 

- any matters we identified having reviewed the charity’s policies and procedures relating to: 

   - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; 

   - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and 

   - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; 

- the matters discussed amongst the audit engagement team. 

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 a*d 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$•n oblwion atihe ￿lance shttt date as a reyjlt of a past
eveTht, it is probable that a tran5ferof economic benefit will be required In settlement, and the
amount of the settlement can be elllmaied rellably. Credltors are recognlsed atthe amount that the
Char113ble Company antidpates It wlll pay to settle the debt or ihe amount li has re¢¢ived 45
advanced payments forth*8oods of serv1￿$ 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 Tax*lon
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
Prf*x 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¢ill*lon 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