Charity number: 1184444 ARISE EDUCATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 ishop Fleming
ARISE EDUCATION CONTENTS Page R8f•rnnc8 and Administrdtivè Datails of thg Charity, its Trustèes and Advisors Tru$ts#$' Report Trustees. Responsibilities Statement Indopondont Auditors. Rgport on th• Financial Statemants 8- 11 Statsm•nt of Flnanclal Actlvltle$ 12 Balance Shoot 3tat8ment of Cash Flows 14 Notes to the Flnanclal Statsments 15-26
ARISE EDUCATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 AUGUST 2025 Trustses Brian Nash Hannah Jacobs Christopher Snelson Lindsay Nash Charity rngistsrèd number Prlnclpal offic• Sl. Margarets Centre 103 Whrtnash Road Whitnash Leamington Spa Warwickshire CV31 2HB IndendOnt audltorn Bishop Fleming Audit Limrted Chartered A¢countsnts 10 North Place Chettenham GL50 40W Natwesl Royal Leamingston Spa IBI Branch Royal Priors 59 The Parade Leamington Spa CV32 4ZX Bank•rn Page 1
ARISE EDUCATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 AUGUST 2025 The Trustees, present their annual port for the period 1 January 2025 to 31 August 2025. This report has been prepared in accordance wrth the reqU1ments of the Chanlies Stslement of Recommended Practice ISORPI IFRS 1021. Introduction and Overview Thi5 reporting period marks a signthcanl arKI reflective chapter in our joumey a5 an organisalion. In July 2025, we formally rebranded from VLC Educabon lo Anse Edu¢alion. This brand was accompanied by deeper intemal work, including a deliberate shift in language and practice from care to compassion. During this period, we have developed a clear Compassion Statement. to reinlorce a shared understanding that compassion is not only about support, but about dignity, agency, and relational responsibilty. This work has strengthened consistency in practice, decision-making, and culture. As part of this values work. joy fomially added as a CO organisational value. We recognise joy 8$ 8 vrt81 and protective factor for both students and staff.. supporting wellbeing. connection, Creativity, and hope. Our values ntinUe to shape our culture and infomi both curriculum and community activity. We also note that this is shorter reporting period, which reflecis a strategic decision to transition the charity's reporting year to align with the academic year, which more closely matches student fvnding arrangements, contracts, and operational cycles. Thig change will Support clearer over5ighl, improve planning, and ameliorate more meaningful reporb'ng going foard. Throughout this period, we as TTU$tees, have continued to focus on strategic ovef$ighl, $ustsinabilty, and impact, ensuring that we remain respon$ive to need. MplIant in its operation$, and ambitious in it$ vision. OBJECTIVES AND ACTIVITIES . Aims and Objeth'ves Arise Education exists lo transform lives through compassionate education. Our aims during this period remained firmly aligned to our core purpose to.. Provide education that meets leamefs where they are. MovIng barriers lo engagement and success. Create safe, nurturing environments rooled in belonging, compassion, and respect. Equip young people with the skills. nfidenCe. and resilien¢e required for lifelong gr0h and positive Iran$ilion into adulthood. Work in partnership wlh families, profe5sion41$. and communities to Create joined up. holistic 5UPPOrt. Advocate for and model alternative approaches lo education that challenge Iradib'onal. exclusionary systems. These aims directly underpin the pnonties sel out in our Anse School Improvement and Development Plan ISIDPI and have guided decision making throughout this reports'ng period. b. Public Benefit The Trustees confirm that they have had due regard to the CharTty Commi55ion's guidance on public benefit. Arise Education delivers dear public benefit through the prowsion of specialist, Iherapeulie education and allemalive provision for children and young people who a unable lo access mainstream education due lo additional needs. trauma. anxiety. or exclusion. Our work supports some of the most vulnerable leamers, many of whom have Education, Health and Care Plans IEHCPSI, experience school-based anxiety, or are at risk of exclusion. We offer small, calm. relationship cenlred learning envirtsnmenls, and seek lo help young people reengage %wth learning. improve wellbeing, and progress towards posf(ive outcomes. Page 2
ARISE EDUCATION TRUSTEES. REPORT ICONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 ACHIEVEMENTS AND PERFORMANCE a. Strategic Progress and Educab'onal Development Alongside educational and organisational development. as Trustees we also oversaw the continued growth and strategic use of Litue Pinum. which represents the charitys largest physical asset and a comerstone of It5 long-terni vision. During this period, we conts'nued to develop our Little Pinum stte to enhance both educational and therapeutic provision. The site has increasingly enabled learning that is grounded in nature, regulatlDn, and real-worfd experiences and provided opportunities for space to 'be', explore, leam and connect. Investment in the site supports long-term sustainability, expands capacrty, and strengthens our abilty lo offer dislinclive, high4Jualily provision that aligns with rt3 values and Irauma-informed approach. b. Tea¢hing and Learning During the reporting period we have placed signth¢ant emphasis on building ¢oheren¢e and ¢onsisten¢y across phases through the continued development of the primary and secondary curriculum frarnework. Curriculum planning increasingly reflected a holisbc, thematic approach. with dear ali9nmenl to values, developmental $lage5, melacognitsve strategies and themes. Key areas of progress included.. strengthened curriculum maps to ensure continuity and progression across phases. Increased consistency In the use of shared language and metscognilive approaehes. Initial work lo embed Engage-Explofe4reate-Reflect leaming loops and 81G quesb'ons vAthin planning. Increased staff training to build staff confidence and raise the quality of teaching and learning. Developed a highly bespoke curriculum plans that allowed students greater accegs lo accredited qualifications, particularly increasing access to vocational qualifications. Developed an Early Years Foundatson Stage curriculum, to run in tandem with our current KS1 curriculum. c. Achievement and Outcomes Work during this period focused on re-imagining assessment and feedback as tools for grovth rather than perfomian¢e. Trustees note progress in.. A more unified and values-led approach to assessment and feedback. Embedding mela¢ognilive slralegie$ to into feedback and assessment through Stsff training, collaborative planning and focus on growth mindset. Developing the "Petsls of Progress" approach to capturing student grovrth and achievement across the three curriculum pillars. Meeting students, needs for bespoke plans for assessment of accredited courses through carefully managed access arrangement$. An increased number of entrie5 lor accredited course5. Increased sludenl achievement in both Functional Skills and GCSE. Meeting JCQ requirements and reglstering as an exam cenlre. This opens further opportunities for breadth of curriculum and the qualfficalions we offer. d. Attitudes, Behaviour and Safety Student wellbeing and emotional regulation remained central to practice. During this period, we strengthened our focus on mental heaKh support, staff expertise. and partnership wth families. Progre55 included.. Increased staff expertise on trauma-infomied practice and emotional literacy through extensive stsff training. Improved communication and collaboration with parents and carers, particularly through the parenl-carer network. Further embedding of Zones of RegUlatn through staff training and awareness and 'Petals of Progress, documen15 for each student. Appointing SEND champions as staff vtho enhance the support students receive for social, emotional and mentsl health and lo deliver bespoke interventions thal address specific EHCP target5. Page 3
ARISE EDUCATION TRUSTEES. REPORT ICONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Trustees remained fully committed to safeguarding and to promoting the welfare of children, young people and their families throughout the reporbng period. We maintained oversight of safeguardin9 arrangements and were assured that safer recruitment procedures were consistently applied. including the completion of Enhanced DBS checks for staff. Safeguarding remained a standing item at Trustee meetings, enabling Trustees to monitor themes and trends, review incidents and actions taken. and ensure that appropnate 5y51erns and responses were in place to protect leamers and support families. e. Preparation for Adukhood Preparation lor aduf(hood continued to be embedded across curriculum and pastoral systems. We note positive progress In.. Supporting our young people to all SessfUllY transition to posl-16 education. Providing expertise through a careers service. together with recruf(ing an in-house careers and work experience lead. lo guide and support the development of work experience programmers. caer5 guidance and transition support aligned to individual student hopes and dreams. f. Inclusion Inclusion remained a central priority lor Trustees throughout the reporting peliod and continued lo underpin all aspects of Arise Edu¢atson's work. Trustees maintsined oversight of Inclusion as a whole-school responsibility, aligned wth expectats'ons under the new Otsled Education Inspection Framework anticipated from September 2025. During January to August 2025, Trustees oversaw a review of the inclusion policy lo ensure (( remained robust, compliant and refle¢tive of current practice. This work strengthened alignment befvleen curriculum design. pastoral support and individualised provision, suprK)"n9 consistency and darity across the organisation. Sludenl voice ¢onlinued to be strengthened as part of Arise EdtIon,$ inclusive culture. Trustees were assured that learners were increasingly involved in shaping dlon$ that affect their leaming and wellbeing, suppgrting a sense of agency, belonging and respect. g. Community Engagement and Organisational Identsty The period from January lo August 2025 was marked by significant community engagement. creative celebrats'on, and idenlity-building. In April 2025, we hosted a Spring Gala, at Little Pinum, that strengthened community engagement and enriched students, creative learning. Students created original aOrk linked lo themes of nature and growth, working alongside local artists and gaining first-hand experience of professional Creative practice. Their work was professionally curated and exhibited. many students tsking home framed pieces. InforCIng pride, belonging and a tangible sense of achievement. The event demonstrated our ¢ommilment lo valuing Students, voices, creativity and aspirat in practice. We also developed a Parent and Carer Network. Staff engaged In conversations wth parent5 and carers lo better understsnd their experiences, needs. and aspirations for peer support and connection. This listening phase has helped shape early thinking around the purpose. struciu. and focus of a future network, ensuring that any provision developed is genuinely SPonSI¥e. supportive, and QprOdUced wth lamilies. In July 2025, we forTnally Iransrtioned from VLC Education to Arise Education, marking a significant milestone in our journey. Thi5 change reflected growth in scope, ambib"on, and identity, while remaining rooted in the same values and ¢ommi(menl lo ¢ompassionale education. At the end of the reporbng period, we marked 10 full years of VLC Educats'on wrth our summer camival, which brought together current and former students, families, staff, and the wider community in celebration, and looked to the future as Arise Education. The event highlighted the strength of community relationships and served as a visible symbol of conlinuty, gratstude, and forward momentum as Arise Education entered 115 next chapter. Page 4
ARISE EDUCATION TRUSTEES. REPORT ICONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT a. Govemance The charity is set up as a charitable incorporated organisation and was registered with the Charity Commission on 16 July 2019. Arise Education is govemed by ils constrtution. The Board of Trustees 15 the governing body of Arise Education and is ultimately sponsible for everything the incorporated charity does. b. Method$ of appointment or eleclion of Trustees The management of the Chanty is the responsibilty of the Trustees who are elected and co-opted under the terms of the Trust deed. c. Leadership and hlanagement Strong leadership. govemance and people development remained a key focus for Twslees throughf)ut the reporting period. Trustees maintained oversight of organisalional perfgmian¢e. culture and Sustainability. ensuring alignment betsveen day-tovday delivery and Arise Education's long-temi vision and values. Governance was also slrenglhened through the recTuilment of a govemor wth expertise in curriculum and melacognition. Trustees contsnued to prioritsse values-le<J leadership. renisIng the importance of a supported and skilled workforce in delivering compassionate educati¢)n. Oversight arrangements were slrenglhened through the expansion of the 'Core' Leadership team, lo include a Head of Secondary and Head of Primary. This improves larity of accountability, decision-making and strategic alignment, prowding the Board with as$uran¢e that leadership structures remain fit for purpose as the organisation grows. The leadership recognised the importance of strengthening belonging and reflective practlce through the implementslion of a values-based induction programme lor new slaff. Page 5
ARISE EDUCATION TRUSTEES. REPORT ICONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 FINANCIAL REVIEW a. Financial review Our financial statements show net incoming resources for the period on School activities of £266,793 12024.. £398,828). The pnncipal source of Income is fees for children are on roll wth Arise Education. As a charity. all income of the school musl be applied for educational and social weffare purposes. We pay lax as an employer through the nabonal insuran¢e ¢onlribulion$ we make. b. Going concern The tru51ee5 have adopted the going concem basis in preparing the financial accounts of the charity. In so doing they are sa115fied that there are adequate resources in reserves for the charity lo continue lo operate for the foreseeable future. Governors regularly review the finances. budgets and Spend againsl budget together wf(h a ¢a$h flow analysis as part of the effective stewardship of the School. c. Reserves policy The Trustees have established a reserves policy of six months budgeted operab.ng expenses to be covered by free reserves. This would pemil the nomial operaljon of the charity in the short lemi and give a period for the consideration of replacement income. The level ol ce$our¢e$ required has been a$$e$sed al approximately £220,000 per month, thus giving a requirement of £1,320,000. Tolal reserve$ of the charity on 31 August 2025 were £1,498,79312024.. £1,232,000). See note 15. d. Risk management A policy covering risks is in place. The risks which face the chanty are detailed in its risk register which the Trustees review at each meets'ng. Risks are classified as govemance, operational, financial, extemal and ompliance. The trustees recognise that appropriate responses to mitigate these risks have been adopted. They also believe that key financial systems are in place and appropriate intemal controls are maintained for the organisalion. e. Pension Liabilty Two pensions are used by Arise EdUtIOn - The Tea¢hers' Pensions and NEST. The bank holds a bond of £14k in respect to any Teachers Pensions contributions that may be unpaid as a requirement for belonging to the scheme. PLANS FOR FUTURE PERIODS As we move into the 20226 academic year, we are confident that Arise Education is well positioned for its next phase of development. We remain committed to responding lo the needs of children, young people and our communities with compassion, integrity. and ambibon, so that every child and young person supported by the chanty can rise, thrive. and move forward hope. Rav. B J Nash Trustaa Date. 2310312026 Page 6
ARISE EDUCATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE PERIOD ENDED 31 AUGUST 2025 The Trustees a sponsible for preparing the Trustees. Report and the financial slalemenls in accordance with applicable law and United Kingdom A¢¢ounling Standards (United lfj"ngdom Generally A¢¢epted Accounting Practicel. The law applicable to charities in England & Wales requires the Twstees to prepare financial slalements for each financial period which give a true and fair view of Ihe $t*e of affairs of the Charity and of ils incoming resources and application of resources. including its income and expendrture, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistenUy', observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accountsng esbmales that are reasonable and prudent". state whether applicable UK Accounting Siandards IFRS 1021 have been followed, subject to any material departures disclosed and explaine(l in the financial stslements". prepare the financial statements on the going wicem basis unless il is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial siatements comply wth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They 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 irregularits"es. Page 7
ARISE EDUCATION INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ARISE EDUCATION OPINION We have audited the financial ststements of Arise Edvcation lthe 'charityl for the period ended 31 August 2025 which comprise the Statement of Financial A¢tivrties. the Balance Sheet. the Ststemenl of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporbng frameworf( that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards, including Finanaal Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, Iunited Kingdom Generally Accepted Accounkn"ng Pracb"cel. The financial statements have been prepared in accordance wth Accounting and Reporting by Charities preparing their accounts In accordance with the Financial Reporting Standards applicable In the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Repong by Charitie5". Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. This has been done in order for the accounts to provide a true and fair wew in accordance wlh the Generally Accepted Accounting Practice effective for Teporb"ng penods beginning on or after 1 January 2015. In our opinion the financial ststements.. give a true an¢J fair view ol the State of the Chari$ affairs as al 31 August 2025 and of rts incoming resources and application of resources for the period then ended., have been properfy prepared in accordance ith United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance the requirements of the Companies Act 2006. BASIS FOR OPINION We conducted our audit in a¢cordan¢e with Inlemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the finan¢ial stslements se¢tion ol our report. We are independent of the ¢harity in aCrdance wrth the ethical requirements that are relevant to our audit of the financial Statements in the United Kingdom, including the Financial Reportin9 Council's Ethical Siandard, and V have fvlfilled our other ethical responsibilities in accordance wth these requirements. We believe that the audrt ewdenee we have obtained is sufficient and appropriate lo provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial stslements. we have conclude(I th the Trustees, use ol the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed. we have not identified any material uncertainties relating lo events or conditions that, individually or collectively. may cast significant doubl on the Charity's ability to Continue as a going concern for a period ol at least e1Ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilrties of the Trustees V•rth respect to going con¢em are described in the relevant sections of this report. Page 8
ARISE EDUCATION INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ARISE EDUCATION ICONTINUEDI OTHER INFORMATION The other information comprises the information induded 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 slalements does not cover the other Information and, except lo the extent otherwise expli¢rtly slated in our report. we do not exp$$ any form of assurance conclusion thereon. Our responsibility is lo read the other infom)alion and. in doing so. nsider whether the other information is materially inconsistent wth the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent malenal misstatements, we are required lo delemiine whether this gives rise lo a material mi5slalemenl In the financial 51atemenls themselves. If, based on the work have performed, we conclude that there iy a material misslalemenl of this other inlomabon. are reqUId 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 vknefe the Charities (Accounts and Reports) Regulations 2008 requires us lo report to you if, in our opinion.. the information given in the Trustees, Report is inconsistent in any material respect wlh the financial stslemenls., or sufficient accounting records have not been kept,. or the financial statements are not in agreement wlh the accounting records and relums". or we have not received all the infomiatson and explanations we require for our audit. RESPONS181LITIES OF TRUSTEES As explained more fully in the Trustees, Responsibilities Statement. the Trustees are responsible for the preparation of the financial slalements whith give a true and fair view. and for such inlèmal control as the Trustees determine is necessary lo enable the preparation of financial stalernents th31 are free from material misslalemenl, whether due to fraud or error. In preparing the finanrAal statements, the Trustees are responsible lor ossessing the chirity's ability to conts'nue as a going toncern, disclosing, as applicable, matters related lo going con¢em and using the going Concern basis ol a¢¢ounling unless the TTU$tees either intend lo liquidate the charity or lo cease operations, or have no realistic alternats've but to do so. Page 9
ARISE EDUCATION INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ARISE EDUCATION ICONTINUEDI 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 vthether the financial statements as a whole are free from material missiatement, vthether due lo fraud or error, and to issue an Auditors. Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audrt conducted in accordance with ISAS IUKI wll always delect a mateiial misstatement then rt exists. Misstalemenls can arise from fraud or error and a considered material rf. individualty or in the aggregate. they could reasonably be expected lo inlluence the economic decisions of users tsken on the basis of these financial stalemenls. Irregularities, including fraud, are instances of non-compliance Trmlh laws and regulation5. We design procedures in line with our responsibilitses. outlined above. lo dete¢t material misstslements in respect of irregularities, including fraud. The exlenl to vA)i¢h our procedures are capable of detecting irregularrties. including fraud is detailed below.. We have considered the natu of the sector. ntrol environment. and financial perfomiance of the enlrty., We have ¢onsidered the resulls of enquiries vthh management and Dire¢tors in relation lo their own identification and assessment of the risk of irTe9ularrties wihin the entity.. and We have reviev4e<l the documenlab.on ol key processes and controls and perfromed walkthroughs of transactions to confirm that the systems are operating in line with documentation. AS a result of thege procedures. v* considered the opportunities an¢J ineentives that may exist within the organisation for fraud and Idenbfied the highest area of nsk lo be in relation lo revenue recognition, with a particular risk in relation to year end cul off. In common all audits unde¥ ISAa IUKI we are also required lo perfomi specific procedures to respond to the risk of management override. We also obtained an understanding ol the legal arKI regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effed on the delerminalion of material amounts and disclosu$ in the financial stslemenls. The key laws and regulations we considered in this context included the UK Companies Act. FRS102 and UK tax legislatson. In addition. we considered provisions of other laws and regulations thal do not have a direct effect on the financial ststements bul ¢omplian¢e wrth whi¢h may be fundamental to the Company's ability to operate or to avoid a material penalty. Our procedures lo respond lo risks idenltfied included the followng.. Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulatn$ describe¢J as having a direct effect on the finaneial slalements.. Reviewng the financial statement disclosures and testing lo supporting documentation to assess the recognition of revenue, Enquiring of Trustees and management and those charged wrth govemance conceming actual and potential liligalion and claim5', Performing pro¢eduTes lo ¢onfim material Complian the reqU1ments of its regulators.. Performing analyb'cal procedures to identfy any unusual or unexpected relationships that may indicate risks of material misslalemenl due lo fraud" Reading minutes of meetings of those charged with governan and reviewing internal control reports., and In addressing the risk of fraud through management override of contro15, lesling the appropriatene55 of joumal entries and other adjustments,. and assessing whether the judgments made in making accounting estimate5 are indicative of a polents.al bias. We a150 communicated relevant identified law5 and regulats.ons and potential fraud ri5k5 to all engagernent team members, and remained alert lo any indications of fraud or non-¢omplian¢e wlh laws and gUlationS throughout the audit. Page 10
ARISE EDUCATION INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ARISE EDUCATION ICONTINUEDI Because of the inherent limitations of an audit. there is a risk that we will not delect all irregularities, including those leading to a material misslalemenl in the financial statements or non-compliance wrth regulation. This risk increases the more that wmplian¢e a law or wulabon is removed from the events and transactions reflected in the financial statements, as we wll be less likely to become aware of instances of non- compliance.The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intenb'onal concealment, forgery, collusion. omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporb'ng Council's website at.. WVhV.frc.or -ukJauditorsres sibilities. This descripb'on fomis part of our Auditors, Report. USE OF OUR REPORT This report is made solely lo the charity's Iruslees. as a body. in accordance wi(h Part 4 of the Charities IAc¢ounls and Reports) Regulations 2008. Our audrt work has been undertaken so that we might slate lo the charity's Iruslees those matters we are requi lo 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 Charity and its Iruslees, as a body, for our audit work, for this report, or for the opinion5 we have formed. David Butler FCA, OChA Bishop Fleming Audit Limited Chartered A¢Unn1$ Statutory Auditors 10 North Place Chellenham GL50 4DW Dale. 1410412026 Bishop Fleming Audit Limited are eligible to act as auditors in lems of section 1212 of the Companies Act 2006. Page 11
ARISE EDUCATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2025 Unrestricted Total Total fund$ funds funds 8 month$ to 8 month$ to 12 months to 31 Augu$t 31 August 31 December 2025 2025 2024 Income from- Donations and legacies Charitable activibes Inve51rnent5 2,066 2.019,156 6,757 2,066 2.019,156 6,757 9,782 2.479,618 14,216 Total incom8 2,027,979 2,027,979 2.503,616 Expendlture on: Raising funds Charitable aclivibes 28,698 1.732,488 28,698 1.732,488 29,648 2.077,140 Total oxpgndlture 1,761,186 1,761,188 2.106,788 Ngt movemgnt In funds 266,793 266,793 396,828 Rgconclllatlon of lund$: Total funds brought forward Nel movement in funds 1.232,000 266,793 1.232,000 266,793 835,172 396,828 Total fund$ ¢arrlgd f0Thrd 1,498,793 1,498,793 1.232,000 The Statement of Financial Adivities includes all gains and los$e$ regnised in Ihe period. The notes on pages 15 10 26 form part of these financial Statements. Page 12
ARISE EDUCATION BALANCE SHEET AS AT 31 AUGUST 2025 31 August 2025 31 December 2024 Fixod assets Tangible asset5 1,581.737 1,581,747 1,581.737 1,581,747 Current assets Debtors Cash al bank and in hand 12 662.987 803.287 905.076 434.676 1,466.274 1,339,752 Current Ilabllltl•s Creditors.. amounts falling due within one year 13 (804,158) 1874.9261 N•t currènt a¥$ot8 662.116 464,828 Total assets l&$$ ¢urrent1Sabllltl 2,243,853 2,046,573 Creditors.. amounts falling due after more than one year 14 1745.0601 1814,5731 Total net assots 1,498,793 1.232.000 Charlty funds Unrestricted funds 15 1,498,793 1,232,000 Total fund• 1,498.793 1,232,000 The financial slalemenls were approved and authorise(J for issue by the Trustees and signed on their behalf by., Rev. Brlan Na$h Trust8• Dale. 2310312026 The notes on pages 15 to 26 fonn part of these financial stalements. Page 13
ARISE EDUCATION STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 AUGUST 2025 202S 2024 Ca$h flow from oyratlng a¢tlvltl•s Net cash used in operats.ng activities 417.937 280,329 Cash flovffj from Inv•$tlng actlvltl•s Interest receivable 6.757 14,216 {28.6981 129,5631 {14.7511 11.575,0621 Interest paid Purchase ol tangible fixed assets Not cash used In Investing activities {36.6921 11,590.4091 Cash flows from financlng acllvltlos Cash inflows from new borTowng Repayments ol borrowing 828,309 {12.6341 Not cash lused inyprovidgd by financlng a¢tivltlos 112,6341 828,309 Chang• In cash and c•$h •qulvlonts In tho porSod Cash and cash equivalents at the beginning of the period 368.611 1481.7711 916,447 434,676 Cash and c*h oqulval•nts at thè •nd of tho riod 803.287 434,676 The notes on pages 15 to 26 fomi part of these financial stalements Page 14
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 General inforniation The Charlty Icharlty r•g. numb•r 11844441 Is a publ1¢ n¢fil •ntlty regl$ter•d ¢harlty In England and Wal8s and 1$ unincorporatsd. The registerèd officè addrnss 1$ SL Margar•ts Contre, 103 Whitnash Road, Whitnash. Leamington Spa. WaickSh1rè, CV312HB. A¢¢ountlng pollcl•$ 2.1 8ASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepad in accordance th the Charities SORP IFRS 1021 Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effecbve 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared to give a Irue and fail view and have departed from the Charities IAccounts and Reports) Regulations 2008 only lo the extent required lo provide a Irue and fairf view. This departure has invofved followng the Charities SORP IFRS 1021 published in Ociober 2019 rather than the Accounting and Reporting by Charitie5'. Statement of Recommended Practice effective from 1 April 2005 vthich has Sin been withdrawn. Arise Education meets the definition of a publi¢ benefit entity under FRS 102. Assets and liabilitie9 are initially recognised al historical cost or transaction value unless olhenmse slated in the relevant accounting poli. 2.2 GOING CONCERN The financial statements have been ppared on the going concem basis. The Trustees have considered a period of al least 12 months from the date of approval of the financial slatemenls, and have also assessed various business plans relating to the potential risks to the Charity. After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to contsnue in operational existence for the foreseeable future. The Board therefore considers it appropriate the adopt the going concern basis in preparing the financial slatemenls. 2.3 INCOME All income is recognised once the Charity has enlillemenl to the income. il Is probable that the income will be ceiVed and the amounl of income CeIVable can be measured reliably. Income mainly comes from temi fees for the students that attend Arise Education. These are invoiced to other schools or the local council. Grants are included in the Statement of Finanrjal Ath"wties on a receivable basis. The balance of income received for specific purposes but not expended during the period is Shown in the relevant funds on the Balance Sheet. Where income is ceiVed in advance of enlillemenl of receipt, ils recognition is deferred and induded in creditors as deferred income. Where entiuement o¢¢urs before income is received, the income is accrued. Income tsx recoverable in relakn.on to irwestmenl income is recognised al the time the investment income is Teceivable. Page 15
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 A¢¢ountlng poll¢l•$ l¢ontlnu•d} 2.4 EXPENOITURE Expenditu is recognised once there is a legal or Constructive obligatitsn lo Iransfei economic benefit to a third party. il is probable that a transfer of economi¢ 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 total of direct costs and shared costs, including support costs involved In undertaking each athvity. Direct costs attn"bulable to a single activity are allocated directly lo that activity. Shared costs which conlnbule lo more than one activity and support costs which are not attributable lo a single activity are apportioneil between those activities on a basis consistent with the use of resources. Central stsff costs are allocated on Ihe basis of bme spent, and depre¢iab'on ¢harge$ allo¢alefJ on the portion of the asset's use. Expenditure on raising funds include5 all expenditure incurred by the Charty to r815e funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitsble a1vleS 1$ incurred on direcliy undertaking the aclivrties vhich further the Charity's objectives, as well as any associated support cos1$. All expenditure Is inclusive of irrecoverable VAT. 2.5 INTEREST RECEIVABLE Interest on funds held on deposit is inclLKled when receivable and the amount can be measured reliably by the Charity,. this is normally upon notificats'on of the interest paid or payable by the inytitulion yh whom the funds are dèposrted. 2.6 TAXATION The Charity is considered to pass the tests Set out in Paragraph 1 Schedule 6 01 the Finance Act 2010 and therefore it meets the definth'on of a charitable company for UK corporation tax purposes. Accordingly, the Chanty is potentially exempt from taxation in respect of income or capital gains received within ¢alegories covered by Chapter 3 Part 11 of the Corporation Tax A¢t 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitsble purposes. 2.7 TANGIBLE FIXED ASSETS ANO DEPRECIATION Tangible fixed assets costing £NIL or more are ¢apilalised and re¢ognised when future economie benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are inrtially recognised at cost. After recognrtion, under the cost model, tangible rixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be in¢luded in the measurement of cost Depciation is charged so as to allocale the cost of tsngible fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following basis.. Freehold propety Plant and machinery Motor vehicles Fixtures and fitb'ngs Computer equipment 2% on Cost 10% on cost 20% on cost 15% on cost 33% on o)5t Page 16
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 A¢¢ountlng poll¢l•$ l¢ontlnu•d} 2.8 DEBTORS Trade and other debtors a recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount Ppaid nel of any trade discounts due. 2.9 CASH AT BANK AND IN HAND Cash al bank and in hand Includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisibon or opening of the deptssil or similar account. 2.10 LIABILITIES AND PROVISIOMS Liabilities are recognised when there 15 an obligation 01 the Balance Sheet date as a result of a past event. il is probable that a transfer of economic benefit will be required in settlement, and the arnounl of the settlement can be estimated reliably. Liabilities are recognised at the amount that Ihe Charity anlicipates it wll pay to Settle 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-tax discount rale that fled$ the risks specific lo the liability. The unwinding of the discount is rewnised in Ihe Statemenl of Financial A¢ts'vitie$ a$ a finan¢e Gosl. 2.11 FINANCIAL INSTRUMENTS The Charity only has financial assets and financial Iiabililies of a kind that qualify as basic financial instruments. Basic financial inslwmenls a initially recognised al transaction value and subsequently measured at their settlement value wth the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.12 PENSIONS The Charity operates a defined contribution pension scheme and contributes lo The Teachers, Pensions and the pension charge represents the amounts payable by the Charity to the fund in respect of the period. 2.13 FUND ACCOUNTING General funds are UnstriCted frjnds which a available lor 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 lo the appropriate fund. Page 17
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGMENT Estlmatss and Judgm¢nts ar• ¢ontlnualty ev•luatsd and are bas•d on hl$torlcal •xp•rl•n¢• and othèr factors. Includlng oxpo¢lations of ftrtur• ev•nts that aro bgll•vgd to be roa$onablg undor th circumstanc8s. Critical accounting estimates and assumptions-. The Charity makes eslimales and assumptsons conceming the future. The resutty'ng accounting estimates and assumptions wll. by definition. seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities wthin the nexi financial year are discussed below. INCOME FROM DONATIONS AND LEGACIES Unrnstrictod fund¥ 2025 Total funds 2025 Total funds 2024 Donations Grants 2,066 450 9,332 2,066 2,066 9,782 TOTAL 2024 9,782 9,782 INCOME FROM CHARITA8LE ACTIVITIES Unrestricted fvnd$ 2025 Totsl fund$ 2025 Total funds 2024 Income from chantable activrties- Leaming Centre 2,019,156 2,019.156 2,479,618 TOTAL 2024 2,479,618 2.479,618 Page 18
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 INVESTMENT INCOME Unrostrict funds 2025 Total funds 2025 Total fijnds 2024 Investment income 6.757 6.7S7 14,216 TOTAL 2024 14,216 14,216 Analysis of exnditUrn by activities A¢tlvltl•$ undortaken dimcty 202S Support costs 2025 Totsl funds 2025 Total funds 2024 Educats'onal Activities 1.370.876 361.612 1,732,488 2.077,140 TOTAL 2024 1,615.061 462,079 2,077,140 Analy$l8 of dlrect costs Total funds 202S Total funds 2024 Staff costs Educational supplies Subconlracl costs Room hire and catering Travel and subsistence 1,227,504 39.646 1.082 25,252 17.252 60.140 1,465,973 44,573 2,045 30,903 18,952 52,615 Staff training and welfare 1,370.876 1,615,061 Page 19
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 Analysis of expenditure by activities Icontinuedl Analy$l$ of support Costs Total funds 2025 Total funds 2024 staff costs 49.279 3.850 76,850 1,670 4,834 6,567 7,188 19,415 44,733 60,422 Subcontract c031s Room hire and catering Travel and subsistence Staff training and welfare Insurance Governance costs Telephone, postage and stationery 5,702 1.513 22.619 26,604 32,936 F Il Premesis Animal care Computer costs Subscripbons Finance Depreciats'on charge Loss on disposal Govemance costs 88.940 22.979 13.855 2.191 1.834 25,943 43,289 20.078 113,922 18,662 53,516 5,727 14,065 8,738 27,570 361,612 462,079 Audllors. r9mungratlon 2025 2024 Fees payable lo the Charivs auditor for the audit of the Charitys annual aOUntS 15.000 11,000 Page 20
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 Staff costs 2025 2024 Wages and salaries Social security costs Other pen$ion wsts 1,073.659 87,165 115,9S9 1.314,859 89,594 138,370 1,276.783 1,542,823 The average number of persons employed by the Charity during the period was as follows.. 2025 No. 2024 No. General adminislralion 52 42 The number of employees whose employee benefits lexduding employer pension Go$lsl exceeded £60,000 was.. 202$ No. 2024 No. In the band £60.001- £70,000 In the band £100.001- £110,000 Key management personnel indude all person$ that have aLrthority and re$ponsibilty for planning. directing and controlling the activrties of the ¢harity. The total ¢ompensation paid to key management personnel for services provided to the chanty induding employeffs natnal insurance wa5 £68,272 12024..£104,9431. 10. Twstg9s' rgmuneratlon and •xpgn$g• During the period ended 31 August 2025. one Trustee, Hannah Jacobs, received remuneration of £17,71612024- £24,839). During the period ended 31 August 2025, no Trustee expenses have been incurred12024 - £NILI. Page 21
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 11. Tangible fixed assets Freehold Plant and property machinery Motor Fixtures Computer vehicles and fittings equipment Total COST OR VALUATION Al 1 January 2025 Additions Disposals 1.536,OS4 57,758 145,9981 3.854 1,376 1,790 17,000 51,912 2,900 119,4731 4,302 1,188 1,597.912 80.222 165.4711 AI 31 Au9usI 2025 1.547,814 5.230 18,790 35,339 5,490 1,612.663 DEPRECIATION Al 1 January 2025 Charge for the period On disposals 115 149 14.992 909 16.165 20,407 471 1,089 2,822 111,1821 1,154 25,943 111.1821 AI 31 Aug11s12025 20.407 1,238 6,632 2,063 30.926 NET 800K VALUE Al 31 August 2025 1,527,407 17,552 28,707 3,427 1,581,737 Al 31 December 2024 1,536,054 3.739 1.641 36,920 3,393 1.581,747 12. Dobtors 31 De¢ember 2024 31 August 2025 DUE WITHIN ONE YEAR Trade debtors 650.146 1.464 11.377 823,676 19,080 62,320 Prepayments and accrued income Tax recoverable 662.987 905,076 Page 22
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 13. Creditors: Amounts falling due within one year 31 December 2024 31 August 202S Bank loans Trade creditors 70.616 67,850 125.473 1.502 538.717 13,736 38,687 44,790 118 777,595 Other taxation and social security Other cretlilors Accruals and deferd income 804.158 874,926 14. Crtdltorn: Amounts falllng du• ar morn than on• yr 31 December 2024 31 August 2025 Bank loans 745,060 814,573 Induded within the above are amount$ falling due as foll¢)ws'. 31 December 2024 31 Augu8t 2025 B8tvmn on8 and two yéars Bank loans 70.616 13,736 BotV4Yen two and fiv• yoars Bank loans 282.465 65,650 Ovor fivo years Bank loans 391.979 735,1B7 Page 23
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 1S. Statement of funds Statem•nt of fund$ - ¢urr¢nt rf•d Balanco at 1 January 202S Balanca at 31 August 2025 Income Expenditure UNRESTRICTED FUNDS General Fund 1.232.000 2.027.979 11,761.1861 1,498.793 Stat•m•nt of funds - prlor lI¢)d Balance al 31 December 2024 Balance at l January 2024 Income Expenditure UNRESTRICTED FUNDS General Fund 835,172 2,503,616 12.106,7881 1,232,000 18. Analysls of net assets b•twn funds Analysls of n•t a$ets bet*wn fund¥- current period Unrestri¢ted fund$ 31 August 2025 Total fund$ 31 August 202S Tangible fixed assets Current assets 1.581,737 1,466,274 1804,1581 1745,0601 1,581,737 1,466.274 1804,1581 {745,060 Creditors due wihin one year c110r$ due in more than one year TOTAL 1,498,793 1,498,793 Page 24
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 16. Analysis of net assets betwwn funds (continued) Analy$l$ of net ass•ts b&t%n funds- prlor rIOd Unrestricted fvnds 31 December 2024 Total fiJnds 31 December 2024 Tangible fixed assets Current assets Creditors due wrthin one year Creditors due in more than one year 1,581,747 1.581,747 1,339,752 1,339,752 1874,9261 1874,9261 1814,5731 1814,5731 TOTAL 1.232,000 1.232,000 17. RgconcSllallon of net movgment In funds to n•t ¢a$h flow from oporallng activlll*$ 31 December 2024 31 Augu#t 2025 Net income for the period las per Statement of Finanu41 Activib'esl 266.793 396,828 ADJUSTMENTS FOR: Interest receivable Interest paid Depreciation Ilncreaselldecrease in debtors Increaselldecreasel in creditors 16,7571 28.698 14.761 242,090 {127,6481 114,2161 29,563 6,738 1245,2281 106,644 NET CASH PROVIDED BY OPERATING ACTIVITIES 417.937 280,329 18. Analysis of cash and cash equivalonts 31 December 2024 31 August 202S Cash in hand 803.287 434,676 TOTAL CASH AND CASH EQUIVALENTS 803.287 434,676 Page 25
ARISE EDUCATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 19. Analysis of changes in net debt At1 January At31 2025 Cash flo? August 2025 Cash at bank and in hand Debt due within 1 year Debt due after 1 year 434,676 {13.7361 {814.5731 368.611 {56,8801 69.513 803.287 170.6161 {745.0601 1393,6331 381,244 112,3891 20. Penslon commltmonts Thè group 0raS a d•fln•d ¢ontrlbutlon ynslon •¢hom• and contrlbutos to Thè Teacher, Pen$lon. Thg a$$&ts of th• $¢h•mo ar¢ hold $eparat*ly from tho$& of thg group In Ind&p•nd•ntly administorod fund$. Tho nSIOn cost charge rèpresents ¢ontrlbution$ payablg by tho ¢harity and amounted to £117,536 12024 - £138,928>. contributions totaling £20,730 12024: £20,071> waro payablo at tho balanco sheet dat• and arn Includ•d In croditors. 21. Rglatsd party iransactSons Thère were no related party transacts'ons for the period ended 31 August 2025. Page 26