THE RINGWOOD WALDORF SCHOOL COMPANY NUMBER: 08645246 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2025 Introduction The Trustees present their annual report and the audited financial statements for the year ended 31 August 2025. The legal and administrative information set out on below forms part of this report. The financial statements comply with current statutory requirements. the Memorandum and Articles of Association, the requirements of the Charities Acl 2011, the Charities SORP (FRS 102) and the Companies Act 2006. Reference and administrative details The organisation is a charitable company limited by guarantee, incorporated on 9 August 2013 and registered as a charity on 25 September 2014. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is govemed under its articles of association. Registered Company Number Registered Charity Number 08645246 1158673 Principal I registered address Ringwood Waldorf School, Folly Farm Lane, Ashley, Ringwood, Hampshire, BH24 2NN Directors l Trustees during the year and to date: G Patrick H Vekria A Dunford S Crook L Dawes (appointed 12 Nov 2024) P Coote (appointed 20 Nov 2024) A Mantzouratou {appointed 20 Nov 2024) J Quarrie (appointed 14 Oct 2025) S Wilson-Devane (resigned 18 Nov 2024) D Samann (resigned 7 Nov 2025) Bankers Triodos Bank. Deanery Road, Bristol, BS15AS Lloyds Bank. 25 Gresham St, London EC2V 7HN. Auditors Knight Goodhead Limited, 7 Bournemouth Road, Chandlerfs Ford, Eastleigh, Hampshi, S053 3DA
RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2025 Structure Governance and Mana ement Governing Document The charity operates under a Memorandum and Articles of Association. Appointment, Retirement and Training of the Trustees There are currently eight active trustees. The Board welcomes additional suitable trustees to join and interested parties are encouraged to contact the school by email to find out more about becoming a trustee. Trustees retire by rotation after three years of service but may offer themselves for reappointment at the Annual General Meeting of the members. Trustees take a break from office every six years. unless it is deemed by the Board to be in the best interests of Ihe Charity that they rernain. Members All parents and guardians of pupils at the school are invited to become members of the charity. Membership is also op8n to other individuals connected with the school. Members are consulted, where appropriate, on matters relating to the school and are invited to attend the school's Annual General Meeting. The trustees welcome the views and ideas of members, recognising their important contribution to the wellbeing and development of the school. Governance of the Charity The trustees have specific roles underpinned by the requirements of the Charity Commission, the Department for Education and the school's Articles of Association. The Department for Education also holds the Board accountable for rtain areas of school operation. The Board has overall accountability for governance, operations and finance. Individual trustees are assigned responsibilities based on their skills and experience, ensuring effective oversight across all key areas. Leadership in the School strategic operational leadership of the school is held by the School Leadership Team (SLT). Day-to-day management is delegated to the School Management Team (SMT), whose members are all staff of the school. The SMT is chaired by the School Lead. Leadership and management responsibilities cover all core operational areas including curriculum, quality of education, human reSoUrs, finance, safeguarding, administration. data protection, health and safety, and communication.
RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2025 Students The students of the whole school are the primary stakeholders, and all activities are carried out in their interest and for their benefit. There are currently 248 children enrolled across the school (January 2026). The school has capacity for additional pupils in a number of classes and continues to take active steps to support sustainable growth in pupil numbers. Parents and Community Group The parent-led community group plays a vital role within the school. It is responsible for organising events and raising funds in support of the school and its development. The school benefits from a highly supportive, committed and skilled parent body. Parents regularly contribute time, expertise and practical support across areas such as maintenance, gardening, cleaning and fundraising. Equally important is their role in fostering a strong, caring and resilient school community. This culture of generosity and shared responsibility continues to be a significant strength of the school. Risk Management The trustees have given due consideration to the major risks to which the charity is exposed and are satisfied that appropriate systems and procedures are in place to manage these risks, or that steps are being taken to establish such systems where required. ects of the Charit Our Objective The charitable purpose of the school is the advancement of education for the public benefit. The school offers a broad and balanced curriculum for children and young people up to the age of 18, delivered in accordance with the principles of Dr Rudolf Steiner (1861-1925). The school also seeks to support those connected with it to engage meaningfully with its activities, experience the cultural benefits offered, and develop an understsnding of the purpose and ethos of Steiner Waldorf Education. Our Wision The school aims to provide an educational environment in which each student can develop and fulfil their potential, build Self-confiden and cultivate a desire to contribute positively to the wider community. In doing so, students are prepared for the opportunities, responsibilities and experiences of later life. Dynamic and responsive to the needs of its community, Ringwood Waldorf School aspires lo be a centre of excellence for Steiner Waldorf Education in the UK. Background In May 2015. Ringwood Waldorf School devolved from The Shelling Trust and became an independent charity. Today, the school provides Steiner Waldorf Education to approximately 250 pupils, supported by a parent and child group, and is a full member of the Steiner Waldorf Schools Fellowship in the UK.
RINGWOOD WALDORF SCHOOL {Company limited by guarantee and not having a share capital) TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2025 The origins of the school date back to 1974, when Christine Polyblank founded the school with six pupils. Located on the DorseUHampshire border, close to the River Avon and the New Forest, the school benefits from purpose-built teaching and recreational facilities, including a separate kindergarten for younger children. The social and organisational practices of the school are informed by the principles of the Threefold Social Order, as developed by Rudolf Steiner, recognising the distinct yet interrelated cultural, legal and economic aspects of society. These principles underpin both the educational aims and the management praCtIS of the school. Public Benefit As an independent school, Ringwood Waldorf School is reliant on parental contributions, donations and fundraising income. Parental contributions are now a legal requirement and structured element of school income, rather than a voluntary arrangement. These contributions are made for the benefit of the whole school community and enable the provision of education for all pupils. while supporting agreed Community Development Goals. A core principle of the school remains that. where possible, the education should be accessible and affordable for families who demonstrate a connection to and understanding of the educational ethos. Achievements and Performance An important part of the school's philosophy is that, where possible, the educalion should be open to, and affordable for all applying families that demonstrate a connection to and understanding of the education. As an independent school, Ringwood Waldorf School is totally reliant for income on parental contributions, donations and the proceeds of fundraising activities. The parental contributions form the essential foundation of our community, enabling us to provide education for all children and. over time, to meet our agreed Community Development Goals. An important part of the school's philosophy is that, where possible, the education should be open to, and affordable for all applying families that demonstrate a connection to and an understanding of the education. We recognize that each familvs contribution, whatever the amount, plays a vital role in sustaining our shared educational mission. In October 2024. staff salaries were increased by 7.5Q/o. representing a significant step towards improving staff remuneration and wellbeing. Long-term financial planning continues to include further incremental salary improvements, subject to financial viability. Vvhile management accounts in recent periods have shown break-even or modest deficit positions, the overall financial outcome has been supported by strong engagement from the school community and the efficiencies created through improved financial policies implemented over recent years. As a result, the trustees are confident that the school is operating on a stable footing.
RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2025 Alongside the core school budget. the community group continues to raise funds for the Development Fund. This fund supports building projects and other strategic investments that enhance the school environment and educational offer. A dedicated fundraising charity has been established by experienced parent volunteers to pursue targeted funding from national and international bodies, aligned with the School Management Team's long-term development plans. The kindergarten has shown consistently healthy enrolment numbers over the past three years, and the trustees expect this positive trend to continue. Investment in the kindergarten project has translated into strong intake into Class 1, with prospective numbers for September 2026 also looking encouraging. The completion and SucsS of the 'Little Kindy, has further strengthened confidence in the school's growth pathway. The reporting period has. however, taken place against a challenging national backdrop for independent schools. The introduction of VAT on school fees from January 2025. increased National Insurance costs and rising business rates have placed significant pressure on budgets across the sector. Despite these challenges. the trustees believe that the collective effort, commitment, and goodwill of the school community have strengthened Ringwood Waldorf School's resilien. Through careful financial stewardship, the considered use of reserves where appropriate, and ongoing community engagement, the school has been able to navigate a demanding financial environment with stability and responsibility. At a time when many independent schools have been significantly affected by recent budgetary changes, the school has remained well-positioned to continue delivering its educational mission. Future Plans The trustees, future plans are centred on continued and sustainable growth, as per the School Development Plan. At the upper end of the school. preliminary work is underway to cost and scope the long- envisaged school extension project. completing Keir Polyblank's vision of a fully purpose-built school. Existing planning permission allows for the expansion of the Upper School into a two- storey classrooTll block. The trustees will continue to strengthen the school's financial position while supporting families through the ongoing challenges associated with VAT on fees and increased cost pressures. Investment in marketing has been increased in order to extend the school's reach to a wider audience. The Board is confident that this will support further growth in pupil numbers, which an be accommodated within the current staffing structure. The trustees remain fully committed to annual salary progression for staff, recognising that staff wellbeing and retention are fundamental to educational quality. This commitment will continue to be balanced carefully with the need to maintain the school's long-term financial sustainability.
RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2025 In addition to ongoing operational responsibilities, the trustees will give particular attention to the following priorities.. 1. Further developing the quality of education through continued staff development, strengthening HR and performance management, with a focus on the Upper School. 2. Increasing school income to maintain a small but healthy operating surplus, with a target of attracting new pupils. 3. Continuing to embed a clear. effective management. governance and organisational structure. 4. Ensure full compliance with applicable regulations and guidelines. Retain and build on the OFSTED rating of 'Good, achieved during the school's OFSTED full inspection in May 2025. Financial review For the financial period ended 31 August 2025 the charity recorded a deficit of £84,012 (2024: surplus of £47,478). Funds at 31 August 2025 total £3,293.863 (2024: £3,377.875) of which £3.014.236 relate to designated funds (mainly represented by property). General funds total £276.165 (2024: £339.816} which represents one to Iwo months, worth of expenditure. Reserves Polic In order to be able to pay the short-tenn liabilities (less than 3 months) the trustees aim to have a minimum amount of cash available at any moment in time of at least three months. costs. This year the annual costs have risen to £1,870,750 per year. Based on these numbers we aim to hold a minimum amount of £470,000 in cash on the school's cash accounts. On 31 August 2025 the cash at bank and in hand was £435,896, close to meeting this target. ststement of Res nsibilities of the Trustees The trustees are responsible for preparing the annual report and the financial stalements in accordan with applicable law and United Kingdom Generally Accepted Accounting Praclice (UK GA4P). The trustees are reqUId to prepare the annual report and financial statements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including income and expenditure, for the period. In preparing those financial statements the trustees are required to:
RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2025 select suitable acGounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; stste whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on a going concem basis unless it is inappropriate to presume that the charity will Gontinue in operation. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies AGt 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. So far as the trustees are aware, there is no relevant audit information (information needed by the company's auditors in connection with preparing their report) of which the company's auditors are unaware. Each trustee has laken all the steps that he ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. This report has been p pared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. and complies with the charity's governing docurnent and The Statement of Recommended Practi.. Accounting and Reporting by Charities using FRS 102. Approved by the trust8es and signed on their behalf by.. Harry Vekria On behalf of th8 Board of Trustees (O
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE RINGWOOD WALDORF SCHOOL OPINION We have audited the financial statements of The Ringwood Waldorf School for the year ended 31 August 2025, which comprises the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the related note5, including a summary of 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 accounts give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of the income and expenditure of the company for the year then ended; the accounts have been properly prepared in accordance with United Kingdorn Generally Accepted Accounting Practice; and the accounts have been properly 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 {UKI (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs 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 the provision5 available for small entities, 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. 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 12 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.
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE RINGWOOD WALDORF SCHOOL OTHER INFORMATION The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. 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. In connection with our a udit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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. MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION 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; 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 obtained all the information and explanations necessary for the purposes of our audit. RESPONSIBILITIES OF THE TRUSTEES As explained more fully in the statement of responsibilities of the trustees set out on page 6, the trustees 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 they 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 trustee5 are responsible for assessing the charitable companrfs ability to continue a5 a going concern, disclosing, a5 applicable, matters related to going concern and using the going concern basi5 of accounting unless the trustees either intend to liquidate the charitsble company or to cease operations, or have no realistic alternative but to do so.
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE RINGWOOD WALDORF SCHOOL OUR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS We have been appointed as auditor under Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder. 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 auditorfs report that include5 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 instance5 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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. We identified the laws and regulations applicable to the charitable company through discussions with trustees and other management and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships, tested journal entries to identify unusual transactions and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance; and enquiring of management as to actual and potential litigation and claims. 10
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE RINGWOOD WALDORF SCHOOL There are inherent limitation5 in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non- compliance. Auditing standard5 also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uk. This description forms part of our auditorfs report. Knight Goodhead Limited is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointrnent as auditor of a company under section 1212 of the Companies Act 2006. USE OF OUR REPORT This report Is made 501ely to the charitable company's members, as a body, in accordance with section 1212 of the Companies Act 2006. Our audit work has been undertsken 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's members as a body, for our audit work, for thi5 report, or for the opinions we have formed. CJ GOODHEAD FCA Senior Statutory Auditor For and on behalf of: l O IMCVJ-K fv) 2 KNIGHT GOODHEAD LIMITED Statutory Auditor and Chartered Accountants 7 Bournemouth Road Chandler's Ford Eastleigh Hampshire S053 3DA 11
THE RINGWOOD WALDORF SCHOOL {Cornpany limited by guarantee and not having a share capital) STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 AUGUST 2025 (including Income and expenditure account) 2025 Total Funds 2024 Total Funds Unrestricted Funds Restricted Funds Notes INCOME Voluntary income 39.458 7,300 46,758 51.535 Charitable activities 1,717,072 1,717,072 1.566,083 Investment income 22,908 22,908 11,695 TOTAL INCOME 1,779.438 7,300 1,786.738 1,629,313 EXPENDITURE Fundraising costs 11,438 3,000 14.438 12.377 Charitable activities 1,855,474 838 1.856,312 1,569,458 TOTAL EXPENDITURE 1.866,912 3,838 1,870.750 1,581.835 NEf INCOME / (EXPENDUREj FOR YEAR (87,474) 3,462 {84,012) 47,478 Transfers between funds 12,13 NET MOVEMEMf IN FUNDS FOR YEAR (87.474) 3.462 {84,012) 47.478 FUNDS AT I SEPTEMBER 2024 3,377.875 3,377,875 3,330,397 FUNDS AT 31 AUGUST 2025 3,290.401 3,462 3,293,863 3,377.875 All of the above results are derived from continuing operations. There were no other recognised gains or losse5 Qther than those stated above. Movements in funds are disclosed in note5 12 and 13 to the financial statements. Comparative figures are all unrestricted. 12
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) COMPANY NUMBER: 08645246 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Notes FIXED ASSETS Intangible fixed assets Tangible fixed a55et5 8,452 3,300,053 3,338.737 3,308,505 3,338,737 CURRENT ASSETS Debtors Cash at bank and in hand 58,213 435,896 99,764 436,687 494,109 536,451 CREDITORS.. amounts falling due within one year io 1243,9731 1216,7401 NET CURRENT ASSETS 250,136 319,711 TOTAL ASSETS LESS CURRENT LIABILITIES 3,558,641 3,658,448 CREDITORS: amount5 due after more than one year li 1264.7781 1280.5731 NET ASSETS 3,293,863 3,377,875 FUNDS Restricted funds Unrestricted funds General funds Designated fund5 Total unrestricted funds 12 3.462 13 13 276,165 3.014,236 339,816 3.038.059 3,290.401 3,377.875 TOTAL FUNDS 14 3,293,863 3,377.875 Approved by the board oftrustees on l o yvI 2D I< and signed on its behalf by Trustee 13
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) CASHFLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Notes NET CASH FLOW PROVIDED BY OPERATING AcfiviTIES 303 79,822 CASH FLOWS FROM INVESTING ACTIVITIES Interest received 22,908 11,695 CASH FLOWS FROM FINANCING ACTIVITIES Purchase of fixed assets Historic VAT reclaim on fixed assets Repayments of borrowing 115,805) 5,381 (13,578) 141,147) 112,130) NET CASH FLOW 1791) 38,240 Change in cash and cash equivalents in the year 17911 38,240 Cash and cash equivalent at start of the year Cash and cash equivalents at the end of the year 436,687 398,447 436,687 435,896 NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 RECONCILIATION OF NET INCOME TO NET C45H FLOW FROM OPERATING AcfiviTIES 2025 2024 Net income / (expenditure) for the year Interest received Depreciation Amortisation Decrease/lincrease) in debtors Increase in creditors 184,0121 122,908) 37,838 2.818 41.551 25,016 47.478 {11.6951 50,827 {21,5301 14,742 Net cash flow from operating artivities 303 79,822 ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash at bank and in hand 435,896 436,687 14
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 Atl Sept 2024 Non cash movements At31 Aug 2025 3 ANALYSIS OF CHANGES IN NET DEBT Cash flovjs Cash at bank and in hand 436,687 17911 435,896 Debt due within one year Debt due after one year 113,160) (280,5731 13,578 (15,7951 15,795 115,377) 1264,778) 142,954 12,787 155,741 15
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 I ACCOUNTING POLICIES al Accounting convention The financial statement5 have been prepared in accordance with 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 1021 (effective l January 2019) (Charities SORP {FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. The charity meets the definition of the public benefit entity under FRS 102. A55ets and liabilities are initially recogni5ed at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The accounts have been prepared on the going concern basis. There are no material uncertainties about the charity's ability to continue. bl Income Fee5 and contributions are accounted for net of VAT in full in the statement of financial activitie5 when receivable. Fees received in advance are deferred and released in the subsequent accounting period. Donations and legacies are received by way of donations and gifts and are included in full in the statement of financial activities when receivable. Grants are recognised in full in the statement of financial activities in the year in which they are receivable. cl Expenditure Expenditure is reco8nised in the period in which it is incurred. Fundraising costs relate to the tosts incurred by the charitable company in raising funds for the charitable work. 16
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 I ACCOUNTING POLICIES Icontinuedl d) Tan8ible fixed assets Item5 of equipment are capitalised where the purchase price exceeds £SOO. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstance5 indicate their carrying value may exceed their net reali5able value and value in use. Depreciation is provided at rates calculated to write down the cost of each asset to it5 estimated residual value over its expected useful life. The depreciation rates in use are as follow5: Freehold land and buildings Fixtures. fittings & equipment Motor vehicles SO years straight line on buildings 3 years Straight line 25% reducing balance el Intangible fixed assets Intangible assets are stated in the balance sheet at cost less amortisation. Amortisation is provided to spread the cost over the estimated useful life of the asset. f) Provisions Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated. gl Funds Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of management Costs and overheads. Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charitv. h) Pension commitments The charity operates a defined contributions pension scheme in accordance with the National Employment Savings Trust INESTI. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme. 17
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 2 LEGAL STATUS The charity is a company limited by guarantee and has no share capital. The charitable company was incorporated on 9 August 2013 in England and Wales and was registered on 25 September 2014 with the Charity Commission in England and Wales. The charity is a public benefit entity. The registered office of the charitable company is Ringwood Waldorf School. Folly Farm Lane, Ashley, Ringwood, Hampshire, BH24 2NN. 3 INCOME Unrestricted funds Restrlrted funds 2025 Total funds 2024 Total funds DONATIONS AND LEGACIES General donations Community Support Parents and Friends 12,797 4,011 22,650 7,300 20,097 4,011 22,650 15,772 15.941 19.822 Totol donations and legacie5 39,458 7,300 46,758 51,535 CHARITABLE AcfiviTIES Fees and contributions Trips income Other income 1,635,478 60,102 21,492 1,635,478 60,102 21,492 1.474,624 69,731 21,728 Total charitable activities 1,717,072 1,717,072 1.566,083 INVESTMENT INCOME Investment income 22,908 22,908 11.695 TOTAL INCOME 1,779.438 7,300 1.786,738 1,629,313 18
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 4 EXPENDITURE Unrestrirted funds Restricted funds 2025 Total funds 2024 Total funds FUNDRAISING COSTS Fundraising and publicity 11.438 3,000 14,438 12,377 CHARITABLE ACTIVITIES Employed staff costslsee note 51 School and education Premise5 Costs Office and administration Van. motor, and travel expen5e5 8ank charges and interest payable Legal and professional fees Staff training Bad debts Trips Depreciation Amortisation Accountancy and bookkeeping Audit Irrecoverable VAT 1,409.614 40.415 136.082 36.960 9.632 29.874 11.191 10.950 60.375 54.927 37.838 2.818 480 3.200 11.118 1,409,614 41,200 136,135 36,960 9,632 29,874 11,191 10,950 60,375 54,927 37,838 2,818 480 3,200 11,118 1.208.233 59.255 114.140 37.530 9.312 30.710 14.414 15.522 (41,988) 65,013 50,827 785 53 1,690 4,800 Total charitable octivities 1,855,474 838 1,856,312 1,569,458 TOTAL EXPENDITURE 1,866,912 3,838 1,870,750 1,581,835 Included within accountancy is £48012024: £1,650) payable to the auditors for other work. 19
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 EMPLOYED STAFF COSTS AND NUMBERS No trustees were reimbursed expenses relating to travel costs during the current or prior year. No trustee received any remuneration in the current or prior year. Employed staff c05t5 were as follows.. 2025 2024 Salariès and wages Social security costs Pension costs 1.282,765 104,737 22,112 1.115,166 74,914 18,153 1,409.614 1,208,233 Included in Salaries and Wages are £45,280 of payments to self employed staff (2024- £44.8091. No employee earned more than £60,000 during this or the prior year. The average number of employees during the year was a5 follows- 2025 No. 2024 No. Employees 62 60 Key management were paid a total of £344,323 {2024= £316.4771 paid to 12 employees 12024= 11 employee5). 6 TAXATION The charitable company is exempt from corporation tax as all its income 15 charitable and is applied for charitable purposes. 20
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital} NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 INTANGIBLE FIXED ASSETS Webslte Totsl COST At I September 2024 Additions in year Disp05als in year 11,270 11.270 At 31 August 2025 11,270 11,270 DEPRECIATION At I September 2024 Charge for the year Disposals in year 2,818 2,818 At 31 August 2025 2,818 2.818 NET BOOK VALUE At 31 August 2025 8,452 8,452 At I September 2024 TANGIBLE FIXED ASSETS Freehold Fixtures, land fittings and & buildings equipment Motor vehicles Total COST At I September 2024 Additions in year Disposals in year 3,441.736 37,949 4,535 {2,4081 8,565 3,488,250 4,535 (5,3811 12,973) At 31 August 2025 3,438,763 40,076 8,565 3,487,404 DEPRECIATION At I September 2024 Charge for the year Disposals in year 109,983 35,112 31,823 2,511 7,707 215 149.513 37,838 At 31 August 2025 145,095 34,334 7,922 187,351 NET BOOK VALUE At 31 August 2025 3,293,668 5,742 643 3.300,053 At I September 2024 3.331,753 6,126 858 3.338,737 21
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital} NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 9 DEBTORS 2025 2024 Contributions debtors Other debtors Prepayments and accrued income 31,604 5,625 20,984 70,018 6,707 23,039 58,213 99,764 10 CREOITORS: amounts falling due within one year 2025 2024 Bank loan (see note 11) Trade creditors Other taxation and social security Other creditors Accruals and deferred income 15,377 13,741 62.016 147,853 4,986 13,160 20,197 34,188 137,508 11,687 243.973 216,740 11 CREDITOR5: amounts falling due after more than one year 2025 2024 Bank loan 264.778 280.573 The bank loan relates to funding for the purchase of the Ringwood Waldorf School Hall. The Ringwood Waldorf School loan was refinanced to Barclays in November 2021 and interest is charged at 2.6Yo above base rate. The loan is secured on the school. The bank loan is repayable by instalments as follows.. 2025 2024 Within l year 15,377 13,160 Between 2 and 5 years Over 5 years 72,464 192,314 64,327 216,246 Total falling due after more than one year 264,778 280,573 Total bank loans 280,155 293,733
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 12 MOVEMENT IN FUNDS- RESTRICTED FUNDS At I Sept 2024 At 31 August 2025 Income Expenditure Transfers RESTRICTED FUNDS: Electrical safety grant Donation towards PR Minibus fundraising Upper School development Basketball equipment 3,000 3.000 195 1531 (3,0001 2,947 195 320 320 785 17851 Total restricted funds 7,300 13,8381 3,462 Purposes of restrictedfunds Electrical safety grant This grant is intended to deliver electrical safety education for children. Donatlon towards PR This was a donation received to be spent specifically on PR. It was fully utilised during the year. Minibus fundralslng This is to raise funds towards the purchase of a new minibus. Upper School Development This fund has been established for future capital projects to extend the Upper School buildings. Basketball Equipment These donations were for the purchase of basketball equipment and have been fully utilised in the year. 23
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 13 MOVEMENT IN FUNDS- UNRESTRICTED FUNDS At I Sept 2024 Transfers At 31 AuBUSt 2025 Income Expendlture DESIGNATED FUNDS.. Trips Property capital fund Total designated funds 60,102 154,9271 155,9301 14,4521 31,384 723 3.013.513 3,038.059 3,038,059 60,102 1110,8571 26.932 3,014,236 General funds 339.816 1,719,336 {1,756,0551 126,9321 276.165 Total unrestricted funds 3.377,875 1.779.438 (1,866,912) 3,290,401 PUoSe5 of designotedfvnds Trlps This fund relates to contributions from parents towards Ofganised trips. Property capital fund This fund has been created to reflect the value of land & buildings held by the Trust, net of bank loans and property related loans outstanding at the balance sheet date. 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Restrlcted funds Designated funds General funds Total funds Intangible fixed assets Tangible fixed assets Net current assets Long term liabilities 8.452 6,385 261,328 8,452 3,300.053 250,136 1264.7781 3.293.668 114,6541 {264,778) 3,462 NET ASSETS 3.462 3,014,236 276,165 3,293,863 2024 Restricted funds Designated funds General funds Total funds Tangible fixed assets Net current assets Long term liabilities 3.331,753 113,121) {280,5731 6,984 332.832 3,338.737 319,711 1280,573) NET ASSETS 3.038,059 339,816 3,377.875 24
THE RINGWOOD WALDORF SCHOOL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 15 RELATED PARTIES The following transactions with related parties have occurred during the year.. A number of trustees have children who attend the school as students. These trustees make contribution5 on the same terms as other parents, at the recommended rates. During the year three family members of G Patrick, trustee. were paid salarie5 totalling £47.94112024: £45,124) for service5 rendered. During the year two family members of S Crook, trustee. were paid salaries totalling £29,007 {2024: £30,245) for services rendered. S Wilson-oevane, trustee until November 2024, is also a director of Steiner Waldorf Schools Fellowship Limited who provide subscriptions for Ringwood Waldorf School and staff training. During the year, a total of £17,555 {2024.' £17,982) was paid to Steiner Waldorf Schools Fellowship Limited for these services. During the year, one trustee wa5 reimbursed £158 of expenses incurred on behalf of the charity.12024- £349 to one trustee.) 16 DONATED SERVICES AND ASSETS There were no donated services or assets received during the year. 25
Foll}, Fortii Lane A3hlei' ingwoo alrlorf Hanipshii"e BH24 2NN ,1 (01425) 472664 Fnail@riiigwoodptr'aldnrfschool.org.uk M:K'K'.riiigwoodM'aldorfsclio(?l.(Jrg.uL Knight Goodhead Limited Chartered Accountants 7 Bournemouth Road Chandler's Ford Eastleigh Hampshire S053 3DA Audit of Ringwood Waldorf School for the year ended 31 August 2025 Dear Sirs We confirm that the following representations are made on the basis of enquiries of the trustees, management and staff with relevant knowledge and experience land, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you: l. We have fulfilled our responsibilities as trustees under the Charities Act 2011 for preparing financial statements, in accordance with the applicable financial reporting framework, United Kingdom Generally Accepted Accounting Principles (UK GAAPI, FRS102 and the FRS 102 Charity SORP. 2. We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements are appropriate, and we approve these accounts for the year ended 31 August 2025. 3. We confirm that all accounting records have been made available to you for the purpose of your audit, and that all the transaction5 undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and trustees, meetings, have been made available to you. We have given you unrestricted access to persons within the charity in order to obtain audit evidence and have provided any additional information that you have requested for the purposes of your audit. 4. We confirm the charity has satisfattory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements. A non-profit making Limited Company Registered as a cliarity No. 115867)
Folli, Fai'iii Laiie A.¥hlei' Riiigivcjod Ilanipshire BH24 2NN Tel (OJ425) 472664 ingwood Idorf 177ail@ringM)o(Rlwaldorfschool.org.uk It'll?,.rIng'c90dm'i1IdUrffs,.hooI.org.uI. 5. We confirm that significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. 6. There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the financial statements. 7. We confirm that all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the applicable financial reporting framework. 8. We confirm that there have been no events since the balance sheet date, which required disclosing or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements. 9. We confirm that the related party relationships and transactions disclosed in the accounts are a complete list of such relationships and transactions and that we are not aware of any further related parties or transactions. 10. We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable financial reporting framework. 11. We confirm that the charity neither had, at any time during the year, any arrangement, transaction or agreement to provide credit facilities {including advances and credits granted by the charity) for trustees, nor provided guarantees of any kind on behalf of the trustees. 12. We confirm that the charity has not contracted for any capital expenditure, other than as disclosed in the financial statements. 13. We confirm that the charity has complied with all aspects of contractual agreements that could have a material effect on the linancial statements in the event of non-compliance. 14. We confirm that we are not aware of any possible or actual instances of non-compliance with those laws and regulations, which provide a legal framework within which the entity conducts its business, and which are central to the charity's ability to conduct its business, except as explained to you and as disclosed in the financial statements. A non-profit makiiig Limited Company Registered as a charity No. 1158673
Folli, Fariii I11c /lshlei' Riiigw'oocl Hanipshire BH24 2NN Tel (OJ425) 472664 Ingwood Irlorf niail@rinRwoodwaldorfscho(pl.org.uk i'K'Trty ringM'oudM'aldortrschoi)l.org.iik- 15. We acknowledge our re5pon5ibility for the design and implementation of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the charity. 16. There have been no deficiencies in internal control of which we are aware. 17. We confirm that there have been no actual or suspected instances of fraud involving management or employees who have a significant role in internal control or that could have material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by former employees, regulators or others. 18. We confirm that, in our opinion, the charity's financial statements should be prepared on the going concern basis on the grounds that current and future sources of funding or 5UPPQrt will be more than adequate for the charity's needs. In reaching this conclusion, we have taken into account all relevant matters of which we are aware, and have considered a period of at least one year from the date on which the financial statements will be approved. 19. The effects of unadjusted misstatements are immaterial, both individually and in aggregate, to the financial statements as a whole. 20. We confirm that we are not aware of any matters of material significance that should be reported to the Charity Commission. 21. We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the year regarding the application of such income. 22. We acknowledge our legal re5ponsibilitie5 regarding disclosure of information to you a5 auditors and confirm that: Y So far as each trustee is aware, there is no relevant audit information of which you as auditors are unaware; and Y Each trustee has taken all the steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that you are aware of that information. A non-profit making Limited Company Registered as a chfirity No. 1158673
Folli, Fai-ni Lniie Asl7lei' Riii8FFfv'OC?d Honipshii'e BH24 2NN Tel (01425) 472664 Ingwoorl Irlorf niail@ringM'oodwaldorfsc'hvolnrg.uk wwwJ"ingwcfrodptr'al,lorfschool.nrg.uk 23. We acknowledge that it is a criminal offence to knowingly or recklessly make to you as an auditor, a staternent (oral or written) that conveys, or purports to convey, information or explanations that you require in your capacity as auditor, or are entitled to require, that is misleading, false or deceptive in a material particular. Signed on behalf of the board of trustees, Trustee Trustee A llon-profit makiiig Limited Company Registered as a charity No. 1158673