Registered number: 10288316
Charity number: 1172272
SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Feltons
Chartered Accountants
Bimiingham
B13JR

SANDWELL VALLEY SCHOOL LIMITED
(A Company limited by guarantee)
CONTENTS
Page
Reference and administrative detalls of the charityi its Trustees and advisers
Trustees. report
Independent auditors. report on the financial statements
Statement of financial activities
Balance sheet
9-10
Statement of cash flows
l?tes to the financial statements
12-24

SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2025
Trustees
G Walker (appointed 31 October 2016)
M Hall (appointed 31 October 2016)
A Coley (appointed 11 July 2023)
A Loughran (appointed 21 July 2023)
Company registered
number
10288316
Charity registered
number
1172272
Registered office
150 Bimiingham Road
West Bromwich
West Midlands
B70 6QT
Independent auditors
Feltons, Statutory Auditor
8 Sovereign Court
8 Graham Street
Birmingham
B13JR
Bankers
Barclays Bank plc
PO Box 299
Birmingham
B13PF
Solicitors
The Penninsula
Victoria Place
Manchester
M4 4FB
Page 1

SANDWELL VALLEY SCHOOL LIMITED
(A company limlted by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees present their report together with the financial statements for the period ended 31 August 2025.
The report has been prepared in accordance with the Charilies Acl 2011, the Companies Act 2006. the Charities
SORP (FRS1021, and the charity's governing documents.
Objectives and activities
The Charity's objects are restricted specifically and exclusively for the public benefit: to promote and advance the
education of individuals under Ihe age of 25 years in Sandwell and the surrounding areas. The school currently
provides education for young people aged 11 to 19 years. In detemiining the activities undertaken. Ihe Trustees
have had due regard to the Charity Commission's guidance on public benefit.
The following Govemors served during this period:
G Walker
T Burns
D Loughran
A Loughran
M Coley.
Achievernents and Performance (Academic Year 2024125)
The school has continued to make strong progress since the most recent Ofsted inspection (June 2025).
Leadership capacity has been strengthened through targeted appointments in ¢urriculum and inclusion. enabling
clearer accountability. more robust systems. and a more cohesive approach to school improvement.
The school has engaged a range of extemal expertise. including an Ofsted Inspectorlschool improvement
consultant, a leadership consultant, and professional learning partnerships with a local secondary school.
Significant developments have been made across the physical environment, pastoral inteNention, behaviour
managemenl and curriculum design.
Key achievements include: 1000/0 of Year 11 leamers completed either GCSE or Functional Skills qualifications.
positive JCQ inspection confirming strong assessment and examination processes. a SUCGessful Extemal
Quality Assurance inspection by local authorities- active involvement in West Midlands Lieutenan¢y education
projecls,. and an enhanced programme of educational visits, supported by a newly appointed Trips Coordinator.
Admissions: Students are primarily referred by local councils and schools, except for Year 12 learners who may
self-refer. The student population includes young people with vulnerabilities. EHCPS. and those who require a
nurturrng, small-scale eduGational environment. The school provides targeted support in emotional wellbeing.
-ddressing gaps in education and attainment, and improving attendance.
2.1 ADMISSION.
Number of pupils currently on roll
Nutnber of pupils currently on roll 38 as of June
2025
Numberwho have joined the sdiool
since Sept 2024
110 of which:
31 Y11s leavers - 25 successful transitions to
mainstream school . 16 short-term placements
(g 6 weeks)
Page 2

SANDWELL VALLEY SCHOOL LIMITED
(A Company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Outcomes for students
Destinations were.. full time education 800/0, full time training 190/0, NEET 1 %, total 100 %.
GCSES and Functional Skills aligned with the students personalised learning focus and goals resulted in
students achieving levels above baseline.
Iv.
School Development Plan (2025 Priorities):
The School Development Plan outlines key strategic priorities for improvement. During 2025. the focus areas
included..
To deliver the Ofsted Action Plan with emphasis on an inclusive curriculum, strengthening the senior
leadership team, and expanding CPD in special educational needs.
To increase the number of students wilh EHCPS through collaboration with local authorities.
Allocating financial support to deliver the planned improvements.
Looking ahead, the school plans to expand curriculum palhways, introduce new vocational qualifications,
refurbish existing classrooms, and instsllation of three additional teaGhing rooms.
Structurey governance and management
The Charity is a Gompany limited by guarantee, with liability limited to £1 per member in the event of winding up.
The Trustees. who are also Directors under company law. and who served during the period and up to approval
of this report, were..
Mr G Walker
Mr A Loughran
Mr A Coley
Mrs M Hall
New or replacement Trustees are appointed by the existing Board. Trustees and Governor5 meet quarterly to
review performance and strategic direction. A Governance Statement sets out expectations and responsibilities.
Governors received updates on Ofsted requirements, Independent School Standards, JCQ regulations, and DfE
Keeping Children Safe in Education. Training continues throughout the year in safeguarding, PREVENT.
governance and leadership.
Purpose of the Board: to ensure clarity of vision and strategy. hold executive leaders to account for
performance. and oversee the effective use of resources.
Pay and Remuneration: Trustees determine pay and conditions for key management personnel with advice
from an extemal HR consullancy. The PrincipallCEO recommends pay decisions for the wider staff team.
Related Parties: Sandwell Community Caring Trust (SCCT), charity number 1086162. has a CEO who also
serves as a Trustee of Sandwell Valley School. All transactions be￿een SCCT and SVS are disclosed in
accordance with SORP requirements.
Disclosure to Auditor: Each Trustee has confirmed that there is no relevant audit information of which the
auditor is unaware, and that they have laken steps to identify and share such information.
Approved by order of the members of the board of Trustees on 6 March 2026 and signed on their behalf by.
Mrs M Hall
Trustee
Page 3

SANDWELL VALLEY SCHOOL LIMITED
(A company limlted by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SANDWELL VALLEY SCHOOL LIMITED
Opinion
We have audited the financial statements of Sandwell Valley School Limited {the 'charitable companl) for the
year ended 31 August 2025 which comprise the Slatement of financial activities, the BalanGe sheet, the
Statement of cash flows and the related notes. induding 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 FinanGial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice)-
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of its
incoming resources and application of resources, including its income and expenditure for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Audits'ng (UK) {ISAs {UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
(ji the financial statements section of our report. We are independent of the charitable Gompany in accordance
with the ethical requirements that afe relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded thal 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 ijncertainties relating to events or
conditions that. individually or collectively. may cast significant doubt on the charitable companls ability to
continue as a going concern for a period of at least tW91ve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going con￿rn are described in the
relevant sections of this report.
Page 4

SANDWELL VALLEY SCHOOL LIMITED
(A company limlted by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SANDWELL VALLEY SCHOOL LIMITED
(CONTINUED)
Other information
The other information comprises the infomiation included in the Annual report other than the financial statements
and our Auditors, report thereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial slatements does not cover the other information and, except to the
extent othetwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our
responsibility IS to read the other informalion 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 audil, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements. we are required to determine whether Ihis 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 ..1aterial
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if. in our opinion-
the information given in the Trustees, report is inconsistent in any material respect with the finanGial
statements. or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and retums., or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the
charitable company for the purposes of company law) are responsible for the preparation of the 'iancial
statements and for being satisfied that they give a true and fair view, and for such intemal 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 Ihe financial statements, the Trustees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable, matters related to going concem 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.
Page 5

SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SANDWELL VALLEY SCHOOL LIMITED
(CONTINUED)
Auditors, responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 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 finanGial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assuran￿. 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. Ihey could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above. to detect material misstatement5 in respect of irregularities.
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below:
We reviewed the academy's control and risk management procedures and planned our work based on
our assessment of those controls and procedures;
This review included an assessment of the risk of material misstatement due to errors, fraud and
management override of controls for all material areas in the financial statements-
We made enquiries of management and the academy's lawyers regarding any actual or potential litigation
andlor claims-
Financial statemenls disclosures were reviewed and checked for compliance with applicable laws-
Detailed testing was conducted on balances and transactions including unusual items and those of
individual significance to the financial statements.,
Data analytics were used in order to identify unusual or significant trends.,
Communications with management and those charged with govemance regarding relevant matters was
undertaken throughout the audit and on ¢ompletion
Because of the inherent limitations of an audit, there is a risk that we wll not detect all irregularitles. including
those leading to a material misslatement in the financial statements or non-compliance with regulation. This risk
liicreases 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 instsnces 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.
As part of an audit in accordance with ISAS (UK). we exercise professional judgement and maintain professional
scepticism throughout the audit. We also=
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks. and obtain audit eviden¢e that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions. misrepresentations, or the override of internal control.
Obtain an understsnding of internal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness
of the charitable companys internal control.
Evaluata Ihe appropriateness of aGcounting policies used and the reasonableness of accounting
estimates and related disclosures made by the Trustees.
Conclude on the appropriateness of the Trustees, use of the going concern basis of accounting and.
Page 6

SANDWELL VALLEY SCHOOL LIMITED
(A company limlted by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SANDWELL VALLEY SCHOOL LIMITED
(CONTINUED)
based on the audit evidence obtained, whether a material Un￿rtainlY exists related to events or conditions
that may cast significant doubt on the charitable ¢ompanYs ability to continue as a going concern. If we
conclude that a material uncertainty exists. we are required to draw attention in our Auditors, report to the
related disclosures in the financial statements or, if such disclosures are inadequate, to modify our
opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors, report.
However, future events or conditions may cause the charitable company to cease to continue as a going
concem.
Evaluate the overall presentation. structure and content of the financial statements. including the
disclosures. and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficienGies in internal control that we
identify during our audit.
Use of our report
This report is made solely to the charitable companvs trustees, as a body. in accordance with Part 4 of the
Charities (Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we might state
to the charitable companrfs trustees those matters we are required to state to them in an Auditors, report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the charitable company and its members. as a body. for our audit work, for this report. or for the
opinions we have formed.
David W Farnsworth (Senlor Statutory Audltor)
for and on behalf of
Feltons, Statutory Auditor
8 Sovereign Court
8 Graham st￿et
Bimilngham
B13JR
16 March 2026
Feltons, Statutory Auditor are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 7

SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from..
Charitable activities
Other trading activities
Investments
1.375,834
204
59,694
1.375.834
204
59.694
1,443.315
10,975
33,835
Total income
1,435.732
1,435,732
1,488,125
Expenditure on:
Charitable activities
1,366,798
1,366,798
1,386, 862
Total expenditure
1,366,798
1,366,798
1,386,862
Net Income
Prior Year Adjustment- Accrual
68,934
68,934
101.263
64.712
Net movement in funds
68,934
68,934
165,975
Reconciliation of funds:
Total funds brought forward
Net movement in funds
1,658.790
68,934
1.658,790
68,934
1,492,815
165,975
Total funds carried forward
1,727,724
1,727,724
1,658, 790
The Statement of financial activities includes all gains and losses recognised in the year.
All of the companvs activities derive from continuing operations durtng the above two financial periods.
The notes on pages 12 to 24 form part of these financial statements.
Page 8

SANDWELL VALLEY SCHOOL LIMITED
(A company limlted by guarantee)
REGISTERED NUMBER: 10288316
BALANCE SHEET
AS AT 31 AUGUST 2025
2025
2024
Note
Fixed assets
Tangible assets
10
168,262
127.666
168,262
127,666
Current assets
Debtors
Cash at bank and in hand
287,743
1,646,222
103.891
1.658.831
1.933,965
1. 762. 722
Current liabilities
Creditors: amounts falling due within one
year
12
(374,503)
(231,598)
Net current assets
1,559.462
1,531,124
Total assets less current liabilities
1,727,724
1,658, 790
Net assets excluding pension asset
1,727,724
1.658, 790
Total net assets
1,727,724
1, 658, 790
Charity funds
Restricted funds
Unrestricted funds
1,727,724
1.658. 790
Total funds
1,727,724
1.658,790
Page 9

SANDWELL VALLEY SCHOOL LIMITED
(A company limlted by guarantee)
REGISTERED NUMBER: 10288316
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
The entity was entitled to exemption from audit under section 477 of the Companies Ad 2006.
The members have not required the entity to obtain an audit for the year in queetion in accordance with section
416 of the Companies Act 2006.
However, an audit is required in accordance with section 144 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small Gompanies regime.
The financial statements were approved and authorised for issue by the Trustees on 06 March 2026 and sigried
on their behalf by:
Mrs M Hall
The notes on pages 12 to 24 form part of the£e financial statements.
Page 10

SANDWELL VALLEY SCHOOL LIMITED
(A company Ilmited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
2025
2024
Cash flows from operating actlvltles
Net cash used in operating activities
61.789
460,825
Cash flows from Investing activities
Purchase of tangible fixad assets
(74,398)
(86,489)
Net cash used in investing activities
(74,398)
(86,489)
Change in cash and cash equivalents in the year
Cash and Cash equivalents at the beginning of the year
(12,609)
1,658,831
374,336
1,284,495
Cash and cash equivalents at the end of the year
1,646,222
1, 658, 831
The notes on pages 12 to 24 form part of these financial statements
Page11

SANDWELL VALLEY SCHOOL LIMITED
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
General information
Sandwell Valley School Limited is a private company limited by guarantee incorporaled in England and
Wales. The registered office is shown in the reference and administrative details on page 1.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 1021
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 Republi¢ of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
The financial statements are prepared in Sterling, which is Ihe functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
Sandwell Valley School Limited meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in
the relevant accounting policy.
2.2 Going concern
At the time of approving the financial statements. the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existen￿ for the foreseeable future. Thus
the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
2.3 Incorne
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be reGeived and the amount of income receivable can be measured reliably.
Cash donations are recognised on receipt. Other donations are recognised On￿ the charity has
been notified of the donation unless performance conditions require deferral of the amount. Income
tax reGoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at
the time of the donation.
On rec8iPt. donated professional services and facilities are recognised on the basis of the value of
the gift to the charity which is the amount it would have been willing to pay to obtain services or
facilities of equivalent economic benefit on the open market,. a corresponding amount is then
recognised in expenditure in the period of receipt.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page 12

SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the totsl of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributsble to a single activity are allocated directly
to that activity. Shared costs which Gontribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charttable activities is incurred on directly undertaking the activities which further the
charity's objectives, as well as any associated 5UPPOrt costs.
All expenditure is inclusive of irrecoverable VAT.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include audit fees and cash associated with the strategic
management of the charity.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity., this is normally upon notification of the interest paid or payable by the institution
with whom the funds are deposited.
2.6 Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance AGI
2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respeGt of income or capital gains
received within categoriés Covered by Chapter 3 Part 110* the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such incotne or gains are
applied exclusively to charitable purposes.
2.7 Tanglble fixed assets and depreciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Page 13

SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accountlng policies (continued)
2.7 Tangible fixed assets and depreclatlon (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis..
Short-term leasehold property
Property improvements
Motor vehicles
Fixtures and fittings
Computer equipment
4 % straight line
200/0 straight line
20 % straight line
200A straight line
20 % straight line
Gains and losses on disposals are detemiined by comparing the proceeds with the carrying amount
and are recognised in the Statement of financial activities.
Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If any
such indication exists, the recoverable amount of the asset is estimated in order to determine the
extent of the impairment loss {if any).
2.8 Debtors
Trade and other debtor5 are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank 8nd in hand includes cash and short-tenn highly liquid investments with a short maturity
of three monlhs or less from the date of acquisition or opening of the deposit or similar account.
2.10 Liabllities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a resull of a past
event. it is probable that a transfer of economic benefit will be required in settlement, and Ihe amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anliGipates it will pay to settie the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tsx disGount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
Page 14

SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies (continued)
2.11 Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at Iransa¢tion value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.12 Employee and retirement benefits
Employee benefits
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payrnents to defined contribution retirement benefit schemes are charged as an expense as they fall
due.
2.13 Fund accounting
General funds are unrestricted fijnds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Investment income. gains and losses are allocated to the appropriate fund.
Page 15

SANDWELL VALLEY SCHOOL LIMITED
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Critical accounting estimates and areas of judgement
In the applications of the charitys accounting policies. the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affecls only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Critical accounting estimates and assumptions..
The charity makes estimates and assumptions conceming the future. The resulting accounting estimates
and assumptions will, by definition. seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the carying amounts of
assets and liabilities within the next financial year are discussed below.
Critical areas of judgement
Useful economic lives of non-current assets .
The useful economic lives of non-current assets have been derived from the judgement of the Directors.
using their best estimate of write down period.
Bad debt provision
A bad debt provision is set up when the likelihood of recovering the debt is diminished. The level of
provision will be based on any current repayment plan entered into and which is being adhered to by the
debtor. together with an estimate of the likelihood of the amounts due being fully recovered.
Income from charitable activities
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Educational operations
1,375.834
1,375,834
1,443.315
Page 16

SANDWELL VALLEY SCHOOL LIMITED
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Investment income
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Bank interest receivable
59,694
59.694
33, 835
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Total
funds
2024
Educational operations
997,054
369,744
1.366,798
1.386,862
Total 2024
1,036.275
350,587
1, 386, 862
Page 17

SANDWELL VALLEY SCHOOL LIMITED
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Analysis of expenditure by activities (continued)
Analysis of dlrect costs
Educational
operations
2025
Total
funds
2025
Total
funds
2024
Staff costs
Depreciation
Sessional workers and tutors
619,040
33,802
38,604
21,483
30.930
24,610
123,971
6,945
619,040
33,802
38,604
21,483
30,930
24,610
123,971
6,945
613,463
16,431
61,549
20.550
64,093
25, 789
118,617
5, 294
40
35.591
5.611
7,631
61,616
Insurance
Maintenance
Heat, light and power
Rent, rates and leasing
Travel
Equipment purchases
Equipment hire and maintenance
Provisions
Agency costs
Sundries
25.475
4,905
14,355
52,934
25,475
4,905
14,355
52,934
997,054
997,054
1,036,275
Analysls of support costs
Educatlonal
operations
2025
Total
funds
2025
Total
funds
2024
Staff costs
Sundrie5
Accountancy
Printing, postage, stationery and telephone
Professional fees
Governance costs
265,304
64,443
7.332
26,081
834
5,750
265,304
64,443
7.332
26,081
834
5.750
262.912
42,230
5.944
33,081
6,420
369,744
369,744
350,587
Page 18

SANDWELL VALLEY SCHOOL LIMITED
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Auditors. remuneration
2025
2024
Fees payable to the charity's auditor for the audit of the charitls annual
accounts
5,750
6,420
Staff costs
2025
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
779,565
84,507
20.272
778,821
75,933
21,621
884,344
876.375
Wages and salaries include a compensation payment of £3.333 paid to a former employee.
The average number of persons employed by the charity during the year was as follows:
2025
2024
Staff
25
25
The number of employees whose employee benefits {excluding employer pension costs) exceedecl
£60,000 was..
2025
2024
In the band £90.001- £100,000
Trustees. remuneration and expenses
During the year, one or more Trustees has been pai(J remuneration or has received other benefits from
an employment with the charity. The value of Trustees, remuneration and other benefits was as follows..
2025
2024
M Hall
Remuneration
98.552
97,292
Page 19

SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Trustees, remuneralion and expenses (continued)
Mrs M Hall is the principal of the charity and also a director of Priorslee Academy which provided no
services to the charity in the current or prior year. The above remuneration was received for her role as
Principal.
During the year ended 31 August 2025, no Trustee expenses have been incurred (2024 - £MIL).
10. Tangible fixed assets
Short-term
leasehold
Property
property improvements
Fixtures
and Computer
fittings equipment
Motor
vehicles
Total
Cost or valuation
At 1 September 2024
Additions
74,121
35,860
50.529
12,018
5,710
5,441
166,220
74,398
56,939
At 31 August 2025
74,121
56,939
35,860
62.547
11,151
240,618
Depreciation
At 1 September 2024
Charge for the year
23,966
2,965
7,172
7.172
5,788
12,510
1,628
2,230
38,554
33,802
8.925
At 31 August 2025
26,931
8,925
14,344
18,298
3,858
72,356
Net book value
At 31 August 2025
47,190
48,014
21.516
44,249
7,293
168,262
At 31 August 2024
50,155
28, 688
44.741
4,082
127,666
Page 20

SANDWELL VALLEY SCHOOL LIMITED
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Debtors
2025
2024
Due within one year
Trade debtors
Olher debtors
Prepayments and accrued income
228,317
7.817
51,609
72.282
5,849
25, 760
287,743
103,891
12.
Creditors: Amounts falling due within one year
2025
2024
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred inGome
64,684
142,082
159,412
8,325
40,400
21,631
165,517
4,050
374,503
237.598
13.
Summary of funds
Summary of fund5 . current year
Balance at 1
September
2024
Balance at
31 August
2025
Income Expenditure
General funds
1,658,790
1,435,732
(1,366,798)
1,727,724
Summary of funds - prior year
Balance at
I September
2023
Prior Year
Adjustment-
Accrual
Balance at
31 August
2024
Income Expenditure
General funds
1.492.815
1,488,125 (1.386.862)
64,712
1,658, 790
Page 21

SANDWELL VALLEY SCHOOL LIMITED
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
168,262
168,262
1,933,965
1,933,965
(374,503) (374,503)
Total
1,727,724
1,727,724
Analysis of net assets between funds - prior year
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
127,666
127,666
1,762,722
1,762,722
(231,598) (231,598)
1.658,790
1,658,790
15.
Reconciliation of net movement in funds to net cash flow from operating activities
2025
2024
Net in￿rne for the year (as per Statement of Financial Activities)
68,934
101,263
Adjustments for:
Depreciation charges
Decreasel(increa8el in debtors
Increase in creditors
33,802
(183,852)
142,905
16,431
337.562
15,243
Net cash provided by operating activities
61,789
470,499
Page 22

SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
16. Analysis of cash and cash equivalents
2025
2024
Cash in hand
1.646,222
1, 658,831
Total cash and cash equlvalents
1.646,222
1, 658,831
17. Analysis of Changes in net debt
At1
September
At31
2024 Cash flows August 2025
Cash at bank and in hand
1,658,831
(12,609)
1,646,222
1,658,831
(12,609)
1,646,222
18.
Pension commitments
The company contributes to the personal pension plans of eligible employees. The tolal charge in the
year to 31 August 2025 was £20,205 {2024 £21,621).
19.
Operating lease commitments
At 31 August 2025 the charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows-.
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
120.000
480,000
1,380,000
120,000
480,000
1,500,000
1,980,000
2, 100,000
Page 23

SANDWELL VALLEY SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
20.
Related party transactions
During the year the charity entered into the following transactions with related parties
A Coley. M Hall and G Walker are trustees of Sandwell Community Caring Trust. During the year the
Charity was recharged expenses totaling £893 (2024.. £6,439). At 31 August 2025, there were no
b8lances due to Sandwell Cotnmunity Trust.
Page 24