Phillips Education Foundation Ltd Charity No. 1163784 Company No. l]8977155 Trustees. Report and Unaudited AccO￿ts 30 April 2025 Phillips Education Foundation Ltd Contents Pages Trustees, Annual Report Independent Examiner'5 Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts Detailed Statement of Finanaal Activtties 9tolO Page I Phllllp5 Educatlon Foundation Ltd Trustees Annual Report The trustees. who are a150 dirertors of the charity for the purposes of the Cornpanies Act 2006, present their report with the unaudited financial statements of the charityfor the year ended 30 April 2025. REFERENCE AND ADMINISFRATIVE DETAILS Company No. 08977155 Charity No. 1163784 Principal Office Barkham Manor Barkham Lane Piltdown East Sussex Règistered Office l The Courtyard Poundfield Road Chalvington East Sussex BN27 3TD Dirertor5 and Trustees The Directors of the charitable company are its Tnjstees for the purposes of charity law. The tollowing Direttor5 and Trustees served during the year: G.H. Phillips HJ. Phillips Key Management Personnel Chair Gordon Phillips Accountants Handley Roberts LLP l The Courtyard Chalvin8ton Hailsham E3St Sussex BN27 3YD Bankers Barclays Bank 08JEcnvES AND ACTIVITIES For the benefit & education of the public to carry out research into the ed￿ation of persons with reading difficulties Page 2 Phillips Education Foundation Ltd Trustees Annual Report The Trustees are responsible for keeping proper accounting records thatdixlose with reasonable accltracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Art 2￿6. The Trustees are also responsible for safeguarding the assets of the charity artrd hence taking reasonable steps for the prevention and detecDon of fraud and other Ir￿gUI3r1tie5. The above report has been prepared in accordan￿ wtth the provisions 3pplKable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 1021- Signed on behalf of the board G.H. Phillips Trustee 27 January 2026 Page 3 Phillips Education Foundation Ltd Independent Examiners Report Independent Examlnerfs Report to the trustees of Phillips Education R•urxlation Ltd I report to the charity trustees on my examination of the finanthal statements of Phillips Education Foundation Ltd for the year ended 30 April 2025. Responsibilities and bays af report As the charity's trustees of the company land also its directors for the purwses of cornpany13wl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Art. Having satisfied myself that the financial statements of the Chartty are notrequired to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I rep(￿ in respect of rny examination of vour charity's financial statements as carried out under section 145 of the Chartties Act 20111'the 2011 Art'l. In carrying out my examination I have followed the Directions given by the Charity Commission under sertion 145151 Ibl of the 2011 Act. Independent examiner's statement As the charity's gross income exceeded £250,0￿ your examiner must iE a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the exarnination because l am a member of ICEAW, which is one of the listed bodies. I have completed my examination. I can confirm that no material matters have Come to my attention in conrbection with the examination &￿ving me cause to believe= accounting records were not kept in accordance wtth settion 386 cl the 2(M)6 Act- or the financial statements do not accord with those records.. or the financial statements do not comply with the accounting requireynents under section 396 of the 2LX)6 Act other than any requirement that the financial statements give a 'true and fair. view which is not a matter considered a5 Part of an independent examination- or the financial statements have not been prepared in accordance the methods and principles of the Statement of Recommended Practice for accounttng and reportingby charitie$ applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard app5i£able in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connecrion with the examination to which attention should be drawn in this report rn order to enable a proper understanding of the financial statements to be reached. Dougla5 Shanks ICEA W Handley Roberts LLP l The Courtyard Chalvington Hailsham East Su55ex BN27 3YD 27January 2026 Page 4 PhiNips Education Foundation Ltd Statement of financial Activities forthe year ended 30 April 2025 Unrestrirted funds Total funds Total funds 2025 2025 2024 Notes In¢ome and endowments from: Donation5 and leEacies Investments 752.Q 752.￿0 1,145.5LXI Tutal 752.( 752.CK)O 1,145.503 Expen(fiture on". CFiaritable activttie5 Other 574,488 574,488 150 683,944 598 Total 574.638 574,638 684,542 Net gains on investments Net Income 177.362 171362 460,961 Transfers between funds Net income before other gains/llosses) 177.362 177,362 460,961 Other gains and105ses Net movement in funds 177.362 177.362 460.961 Reconciliation of fiJnd5: Total funds brought forward 535,258 535,258 74.297 Total funds Carried fonvard 712.620 712.620 535,258 Page 5 Phillip5 Educatlon Foundation Ltd Summary Income and Expenditure Account for the year ended 30 April 2025 2025 2024 Income 752,(YJO 1,145,500 Interest and investment income Gr05s income for the year 752.(lJO 1,145.503 Expenditure 574,638 684.542 Total expenditure forthe year Net income befo￿ tax for the year 574.638 684,542 177,362 460,961 Net income for the year 177.362 460.961 Page 6 Phillip5 Education Foundation Ltd Balance Sheet at 30 April 2025 Company No. 0897715S Note5 2025 2024 Current assets Debtors Cash at bank and in hand Iw,Th)o 612,620 712.620 712,620 535,258 535.258 535,258 Net current assets Total assets less current liabillties 712.620 535.258 Net assets excluding pensson asset or liabli ity 712,620 535,258 Total net a$5ets 712,620 535,258 The funds of the charity Restrirted funds Unrestricted funds General funds io io 712,620 535,258 712,620 535,258 Reserves io Total fund5 712.620 535,258 These accounts have been prepared in accordance with the special pr(vsions of Part 15 of the Companies Act 2(K)6 relating to small companies. For the year ended 30 April 2025 the company was entided to exemption under section 477 ot the Companies Act 2006 relating to sm311 companies. The mernbers have not required the company to obtain an audit in accordance wf(h sertion 476 of the Companies Act 2006. Tho direttors acknowledge their responsibilities for complying with the requirements of the Companies Art 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 27 January 2026 And signed on its behalf by-. G.H. Phillips Trustee 27January 2026 Page 7 Phllllps Education Foundation Ltd Statement of Cash Ilows for the year ended 30 April 2025 2025 2024 Cash flovts from operating activltles Net income per Statement of Financial Artivities 177.362 460,961 Adjustments for: Increase in trade and other receivables iioj.oc()I Net cash proTrllded by operating artivities 77,362 460,958 Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents 77.362 460,961 Cash and cash equivalents at the beginning of the year 535,258 74,298 Cash and cash equtvalents at the end of the year 612,620 535,259 Components of cash and cash equivalents Cash and bank balances 612,620 535,258 612,620 535,258 Page 8 Phillips Education Foundation Ltd Notes to the Accounts *orthe year ended 30 April 2025 l Accounting policie5 Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20151- (Charities SORP IFRS 102}l. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Art 21))6. Change in basis of accounting