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REGISTERED COMPANY NUMBER: 11901%M (EDglAod AndWal¢s) REGISTERED CHARITY NifMBER: 1187919 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 FOR SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LtMrrED

SKILLS FOR INDEPENDENCE AND EMPinYABILITY LIMITED CONTENTS OF THE FINANCIAL sfATEMENTS FDr The Year Ended JI July 2022 P8g¢ Report •f the Tnuteei I to 8 Report Of the Independent Audhori 9 to 11 StstemeDt of FIDxnclAI Aetivltles 12 Bilinee Sheet 13 CAgh Flow StAternent 14 Notts to the FknantlAI StxtemeDts 15 to 27 Detsiied Statem•nt of FlnAD¢lal Aetlvltle 28 to 29

SKILLS FOR II¥DEPEP4DENCE AND EMPIA)YABILRTY LIMITED REPORT OF THE TRUSTEES For The Y¢ar Ended 31 July 2022 The tnte¢s. wbo Ar¢ also directors of the charity for the purposes of the Companie3 A¢t 2006. present tbeir report with the fiJaDcial statements of the eh8rity for the Ye l August 2021 to 31 July 2022. This rewrt 1$ also the diTe¢tors' report. Thc trus*¢s htve adopted the provisions of Accountin8 and R¢porting by CharitiC5'. Statement of R¢¢ommended Practi¢¢ appli¢able to charities prcparing their accowjts in accordanee with the FinaThciAI Reporting Standgrd applicable in the UK and Repllblic ofITeland (FRS 1021 l¢ffc¢tive l January 20191. VISION, OBJECTIVES AND MALN ACTIVITtFS

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OUT vision is to 8Lve young Adults with learning difficulties opporiunities io di$¢over ways of learning that engage them and eTJabL¢ tbem to gair) n¢w ski115, knowl¢d8e and behiviours that develop them. and lead to thertl e&ch bein8 exceptionally well pr¢p8red for their n¢xt step5 into adulthood artd & positivc. m¢8ninBfiLI and PTodu¢tsve lon8 term futur¢. b. ObJecthTe8 To A¢t as & T4wurce for YOW people betw¢en ases 18 And 25 with learning difficuliie$ dis&bilitie8 andlor special edu¢aiional needs & disobililits living in the South East of England by providin8 advice alld assist¢¢ and orgAnising proBraTllTne5 of physical. educ8li¢)nal and olh¢r a¢tivitie5 lls a m¢An$ of.. adv&n¢ing ift life and hclpittg young people by developing their skills, upacitie8 and chbilItieS to ¢Dable them to ptirticipale in society indepcnden¢ mature and responsible individu818' bl advaDcin8 education,. Telievin¥ unemployment; llnd d) PToviding re¢reaiiot)al 2nd l¢isure lime llL¢iYity in the intcrests of so¢ial welfare f(pr people livin8 in the arell of b¢n¢fil who have nccd by r¢ason of their youth. age, infmity or di¥obiliiy, poverty or social and c¢onomi¢ circum5turtces witJJ view to improving thc ¢onditlODS of life of Buch person8. e. Mlln Aedvltlei Th¢ Charity traded durins the reportins period as "The Oaks SpeciRlist College" and operates &9 a 8peciali8t fvrther education Coll¢g¢ for young &dult learners 88ed b¢twetrt 18 8nd 25 who h&v¢ learnin8 difficultt¢S andlor disabilities ILLDD51. d. Attlvltles for Achlewlng ObJe¢tlY¢J Individllalised study prograneS bas¢d Around the Preparation for Adulthood (PfA) framework Bre tailored to respond to the n¢ed$ of each of our young people to 5UPPOrt their Continued leami08, personal & skills development and to work ttswards thc outcom¢s identified in th¢ir Education, Health athd Care PlaThs {EIICPsl. These illclud¢ providirtg high aspiration cb8llenge underpited by appropriate, tar8etcd support at intcrv¢ntiot)8 such as 8p¢¢ch and l¥ngua8e therapy, o¢cupatiODal thetapy, physiothcr4py and be5k¢ theTWi¢S. Leamers.. Follow SonalISed timetables that include tb¢ four strands from th¢ PfA frarnework that focus on d¢velopin8 skills IA Employmen( Indepe{ellt living $ki115, Friends, Relationships and Community. and Good Health Participate in an effective c)r¢er$ ProgrnMe that offer5 impartial advice. expeti¢nce and ¢ontaci with e]nployer5 to encoura8e an open mind Ind enable l¢&rners io make positive and realistic ¢hoi¢es Develop an under5tandirtg of whHt they need to do in order to re&¢h artd $llceeed in their ¢bosen vocatrot), w¢cr, volunteering. COmmlty & living options Page L

SKtLIS FOR INDEPENDENCE A14D EMPIA)YABILITY Li1[rED REPORT OF THE TRUSTEES- eoNtlnued For The YtAr Ended 31 July 2022 Engage in a broad tOrial 8t Personal. Social, H¢alth and Economi¢ {PSHE) programrne that promote3 ¢motional wellbeing, keepiog $afe and healthy, sociAI medi4 relationsbips and alcohol and dNg5 awareness Deyclop the understandin8 of the fiLndaTnental British value5 of democTaCyb individual liiwry, tlx¢ wl¢ of law and mutual respect and toleraDcc Develop an understanding of their own h¢alth and wellb¢ing needs and are ¢0raged to Te¢ognis¢ and respond appropriatcly. lrt addition the College provides: A bupoke curriculuro that bas & lensory aPPToaeh used to en8ure that learnus with con]plex Deeds pro3$ ther lÉfe skills and develop 8reater independence. Parwership and colloboraiion with athli SO¢iAI care is estoblished from day one, to promote f<>Tward platLnin8 ensure subs¢qu¢nt effective transitson to appropri4t¢ life and livrn8 opportUTLitL¢3 A blended model for flve or six $li8hily old¢r l¢&rners-with a personali8ed offcr in the specifically fitted out area that goes beyond'academic" &tLd vocational ¢ducation and 18pers ioword fijll trnnsfer for these young adults in¢0 social care provisioSupported living Fully ¢quippcd and workirtg c8fO and mirti Tesco - Providin8 in-house work experience and tranrferable learning opportunitleg plus 80cial spac¢ (in¢luding ¢ornmunity usel Digital learning and use of a8Sigtive technolo8y atsd 8pp$ to ¢nable learncrs to ¢ngag¢, l¢arn, adapi and function effectively in real world settings of all kinds e. Fundln¥ incip21 fijnds are received for ¢ftch learner, for each acAdemi¢ yetr th&t they *ttend College. Tht fimding comprise5 of three elements from hvo different source$'. Elemellt ott¢ beiti8 the b&% ¢lem¢nL re1Ved from the ESFA. For th¢ f]naD¢ial p¢riod of this Tepoo EI¢D]Qnt I wo9 £6,145 per le8rn¢r, per a¢ad¢D)i¢ year. Element hvo and three and patd by the local 8uthority COnhmis$iotting the leier'S plo¢e at ColLegt. (Elemetti nvo 18 thtn re¢laimed from the ESFA by the lo¢ authority (LA)). Elcments two and thrtt aro calculated illdividually by the ESFA Aod the LA using a range of metric$ Around the individuil 1¢8rner's Deeds and the amount of time they Spend in Colle8e, plu$ the l¢v¢l of learning and therapeuti support that Is need¢d by the individual. The iotal amount per learner ran8¢s from £12.0(Xl to £41,000 per academi¢ year. f. Addltlonal Fllndril8108 FuDdraising activities ai tbe Coll¢8¢ o¢¢ur when our learners pr(Mlucc craft itcms for sale to the pub]ic. Any profits made from the sate of these iiellts are put towards pUh&SIng equipment for the College, usually ¢knosen by our learners. PaKe 2

SKtLiS FORINDEPENDENCE AND EMPLOYABILrrY LIMITED REPORT OF THE TRUSTEES- eontlnutd For The Year Ended 31 July 2022 RuCrU GOVKRNANCE AND MANAGEMENT g. Constitlltio The charity is controlled by its governit)8 documcnL the wti¢les of asso¢i&tion, aftd con5tityt¢s & limited Comp0y, limited by guarantee, as dcflned by the Companie5 Art 2006. It is also & TLOt-for-profil OrglSl0n and a Registered Clwity (No. 1187919). The charit&bl¢ Company WHS incorporated on 23 MaTGh 2019 And comm¢nced operaliotL5 on l M&y 2019. As Df 1st September 2021 the operating llAme has b¢¢n changed to "The Oak5 Speei8li$t Colleg¢" (th¢ company had b¢en lThding #s'Y)aklcy College"). The fom)&l ¢ompony name ATLd dssociated elcrn¢nts remain unchanged. Th¢ prin¢ipal objects of the Charity are sd ouioll pa8e l of the Tn]stEe$' Report. Th¢re have been no ¢han8e8 ITh the objectives sin¢¢ the IASt annual r¢port. Methods of 4ppolDtmellt or tleetlon ofTrnst¢eJ Tbe charitable conwony is the responsibility of thc Tnute¢8 wbo gr¢ elected under the ten115 of th¢ Arti¢le8 ofAssociE4ti0ll. ThJ$te¢8 Are expected to 8¢rv¢ 3-year term8 that m&y be exteThded. ¢. Pollelej Adopt¢d for th¢ Imdu¢tlon and Trlnlm¥ of Tru•tse• trLgtee5 are assi8ned a mentor from the existins Board io indu¢t them. The tThsiees have had regard to public benefit guidance issued by the Cbarity CommissioDICCNI. d. OrgAntstlonl Structsre De¢lilon MAkinE Responsibility for the Strategic man88emenl of the Chariry find key operational d¢¢isions 81$ with the Trustees wbo encrally m¢et qugrterly. Doy to day managomeni of the Ch8rity, includLtt8 the implementation of poli¢y deterrnin¢d by the Board of Trusl¢¢s 1$ carried out by 8tsff who are employed dirc¢tly by the Charity and provide services to the Ctwity, ex¢rcisiDg authoriti¢s d¢lcgated by the Board of Trustees. The College is led by & Chief Executive Officer aud Hedd of Colleg< Supported by a Coll¢g¢ Business Mallager. Development MatLaBer and Project & Furtdr8ising Manager, plu5 tt site leom. The Chief Executive (Gordon Tillman) and Head of Collegc (Ros Leach) report to and Jr¢ accountable to the Board of Tntr¢s. Phase leaders are responsible for the quality and developmertt of edu¢ation prnvision. ThEy Iort and are accoun¢&bl¢ to th¢ Head of Coll¢g¢. e. Re¥ulton Th¢ Collcgc 18 subjKt to Bupervi80ry body r¢8u]ation by the ESFA, th¢ Dep*rtm¢llt for Edatio, Ofsted Aud the Charitics Commission. The College provision is ajw rnonitored forqualiry and cost effectivene by the commissioning local Authorities. Page 3

SKIL1 FOR INDEPENDENCE AND EMPU)YABILITY LIMITED REPORT OF THE TRUSTEES- eontlnued Por ThÈ YÈ2r Ended 31 July 2022 AcHvEMENTs AND PERFORMANCE , Flnill¢lAI Perform*ttee The Charity 18 Ln sound financial health and fully met its obli8ation5 for the rqN)rtin8 period. The Charitys reserves are more than holfway WardS the plan to achieve a 6 month opcrating ¢ost level. Cash flow Ternaintil posltiv¢ throughout the pBriod. b. Revl¢w of Charltable A¢tlvltles Learn¢r Retentlon And Growth The OaL4 SpecialLSt Colle8e had 96 l¢wn¢rs with hi8h Deeds durin8 th¢ reportin8 period wbicb consisted of 71 (of 731 rel&ined fmm the 2020121 ye4r and a net new 25 l¢arn¢r8. We expect this to in¢r¢as¢ again to aiKtrUt 112 FTE for th¢ Tq>Ortin8 y¢Jr 2022123. SerYl¢e Provl•lo As per the name. the charity is highly fo¢us¢d on skills for indep¢ndenc¢ and employability. Embedding $kn'lls for iodepeDd¢Dce is A eore component of th¢ day-t041Ay ¢urriculutTJ. L¢arn¢r5 also beDefited durin8 the ycar from a Duinber of away day$, trips aud off$it¢ r¢8id¢llti81 stay8 desiglled to embed thos¢ independ¢ts¢¢ skills. OUT pro8ram "Into Employmeni" is thlly embedded into the curriculum acros5 th¢ ¢olleg¢. Trustces wcr¢ plcased to see during thc reporting period of th¢ pia¢ement of 9.4Yo of1¢8rners into fiLlly paid employment _ 37Q/o higher than the 5.90h DRlionally of young peopl¢ with special educational needs. A turttler 62Y• of learners benefited from work pl8cernents. Employmtllt •nd work pl&cemettt outcomes benefited from innovotive pro8fAm8 Such 88 the R¢Yers¢ Jobs Fair wbett a D4unber of lo¢al alld nwional compwJie5 cwne to the colle8e to meet and eDga8e with learner8. The chlty is succeedin8 in improvin8 Outcome$ for our learners and ¢xceedin8 national averages. FA¢llldes The O&ks Speei&list College remains at the site on Ca8e Green Road- o refittbished, 6paciou$, aDd r¢purpos¢d premises atul 8roun¢ts. TNs¢ec5 hav¢ agrccd that the practical limit of the premises is about 95 full time equivalent leam¢rs plus stsff. Givert that Somc IrnerS attend collcge for two or three days per we¢k, this allows a wal¢T number of learners to Ittend and benefit when allocated days over titne. Trustecs were plcascd to see tbe openin8 &s plantt¢d in Nov 2021 of a new Modul building (The Hive) next to the existiti buildiDg. The Hiye provides accommodation for supported livin8 for youn8 adult LLDDB, And ¢nhan¢ed meeting space for job ftiiTS. There remains an open 'Change of use. plAnnitt8 appliratton of th¢ 0rt-51t¢ rafr 80 it C#D bc tsscd by commLmity groups athd the public. All initial assessment was comple(¢d, and modificAtions ar¢ in progress. CO 19 Appropriak precautions remained in pla¢e during the reporting period and a dyn8mi¢ Covid risk a55C85m¢nt has been in place since the outset- for the or8anLsation and for especially vulnerable learners. Pw4

SKtLLS FOR INDEPENDENCE AND EMPLOYABJLITY LIMfTED REPORT OF THE TRIJSTEES- tontlllued ForThe Year Ended 31 July 2(122 Th¢ ttNstees a8ain thank the nMDagcn]eni and staff for their ¢fforts to eDsUte the safety of au learner5 and in tontinuing to provid¢ & high leY¢l of service both in person and virttjally - ensuring th¢ Charity met the needs find expectatlOU5 of our young people and their families. FINANCIAL REVIEW .Coln% Concern After making appropri&te ¢rtquiri¢s, the Thtee$ have a reagonable expectrtion that the charitable company Ad¢qua Tesources to conlirtue in operational exislcnce for the foresecable fvwre. For rhi¥ reuon. they ¢ontinu¢ io adopt the 80sn8 coD¢ern basis in preparin8 the flnancial 8tatem¢nt8. b. Reserwts Polley 11 is th¢ policy of the Charity to Tllaint8iti It5 ftee rcsetyes at A level to enthbl¢ it to be 8thninislered efflciently, med its $hort-tErnL expendiDwe requ2rements. and hav¢ 8dequ8te resource5 to ils charitable aclivitics. The Trustees want to ensure the ¢h2rity is able lo complete & full academic year for all learners, without lo&% of st84ff, dent opportunities thnd qU81ity of work, and to allow for $uffici¢nt time to find A new fi]nding Model if required. so that all student5 who wish io Jtay Al th¢ Colle8e con do so. As such it will r¢s¢rv¢ Hn absolulc minimum level of unrestri¢ted fvrtd$ $ul'ficient to sustai th ¢barity without any income for A 3.mollth p¢riod, and will 8eek to I[¢85¢ thi$ to ht least 6 months op¢ratinB costs. UnTestri¢ted fithds held 08 fixed 0$6ets are not in¢lud¢d 88 beins free to med aoy short-tenn need. Free res¢rves at the el of the reportin8 period were £252,132. P¢r the reserves policy above the initial 3 months Opering ¢951s torgr¢ i5 £451,323 (as per total expenditure Ln the reportitig period b¢low). The ehArity corttinu to build on those res¢$ over time to achieve the tes¢tVe8 policy target. Ai the yr ertd, the ebarity beld total frd5 of £1,794,586 {2021'. £1,374.770) of which unrcstricted géneral fjJnd¥ were £1,685,61712022., £1,229,724) and Tcstri¢i¢d fvnds were £108,96912020'. £145,040). . FIDAncIAI Summary lft the ycor ¢nded 31 July 2022 the ChArity reported total income as £2,435,003 YJ £1,964,243 ID the previous fLnancit41 year. Total expenditure was £2,015,187 vs £1.431,801 in the previous fmancial year. Of lh¢ lot81 $p¢nd, ¢xpellditure on ch&ritable Activities was £1,968,808. Jncreases in incotnr aligth to fundin8 from Ihc in¢rw¢ in learners. Increayes in PEnditUre ali to the new fa¢ilitie$ and expanded teaching support staff to scrvi¢¢ th¢ in¢re8se in leners. d. stslf Remunerltlon Salaries ate set by ref¢ren¢in8 pay-scale5 agAin8t our industy'5 current set of lary benchrn&TkiDg dath - ¢n6Will8 tbey rrrnain competitive to help with staff reteJ]tion, whilst being mindfvl of the charity's ctbos, aims and obj¢¢tiv¢s. d. Rlik M•nagement The charity trust¢¢s have wven con5ideratioll to the major risks to which the Charity is ¢xpo¥ed and sAtisfi¢d th¢m$¢lves that sYs*ll orprocedures are e5tablish¢d in order to mana8Q tbose risks. Key risks ar¢as include.. GovemAllce risks which are by Trustee recTUittn¢nt procedures and trdining. di105re of conflicts of int¢r¢st: oppointsnent of suitably qlIfied staff. regular tNslcc board meetings.. specific responsibility Sreas for TNstees on S&f¢8uarding. Fin¢t, and IT; aDd appointment aThd oversigbt of a qualified manag¢m¢nt tetm and or8anisation&l suwdure. Pag¢ 5

SKILLS FOR INDEPENDENCE AND EMPLOYABI LIMrrED EPORT OF THE TRUSTEES - contlDued For The YeAr Ended 31 July 2022 Operational risk5 which are rnallaged by as8Lgned safeguarding leads and safeguarding ove18Lght. document¢d int¢rnal licie5. proces9e$ and pro¢edur¢s,' apprtspriatc business management and Contract review5. re5ili¢nt IT systems aud dat 5tora8e' rOb$t HR planning, hirin8 procedures and professional development. appropriaie insurance coverage of ass¢l$. FiDan¢ial risks whicb ar¢ tnanwd by maintainit)8 appropiiAte cash re8¢rves,' regular refftg and ttview of plllnning and perfonnllnce" snd external audits. External risks which are m8nA8ed by monitoritl8 of demo8rwhi¢ ¢han8es. Size of PC>tential learner8 and demand for placemeJ]t8,' moThitorin8 of government policy chan8es and funding mod¢ls,' and ¢los¢ ¢ng8g¢rnenl and comtnunication with community parthcTS and stakeholders. Complia¢ risks whieh ore minaKed by reBular Teview of Depart1 of Education, Ofst¢d and other Tequirern¢nts" pknniD8 for compliance inspection.. and rtlsuring &c¢ts8 to hppropriale professional advice. PLANS FOR virruRE PERIODS Of our 4 k¢y 3trat¢gic objectivea from 2020 throu8h 2024 we hav¢ mad¢ SiVLifi¢ant pro8re8s towardj the desi ond build accomtDodation for supported living for young Adult LLDD& and ID creating a digital learnuJ8 platform specifically d¢si8urd lo IK A¢ce58ed alld used by 19-25 LLDD8. The plan will continue to build on these su¢ccss¢s attd our Stratf8y thus remaiTh8 to.. Build on our Microsoft Showcase succe$5es. We aim to create digital learning opportunitie5 and apps tILat are acc¢11¢ to 19-25 LLDD8 to promote QB¢4ppropriate ace¢$$ible learning in bllgli5b and Moths. This will incrcase employ8bilLty •nd reduce ibose not ill employm¢nt, edu¢&tiott offijrther traitting (NEET} wben tbey leave College. Actively seek ways forw to design and build "move-on" ac¢otnm¢)d4tsoD within the grounds of The Oak8 ODd to meei thc clear dcmand that there is for thi5. This will cnable mort youn8 adults with learnin8 difficultiC5 to makc the trAn8ition io livin8 8$ independently &8 possible within their local commuttity. Develop Outreach services to sh8re our expertise and knowl¢d8e to support learners And stiff in general Further Educatiorh settings. Replicate our modcl of provision clsewh¢r¢ in the Southeast re8ion -to meet the needs of a 8reater number of 19-25 LLDDS. P4g¢ 6

SKtLLS FOR INDEPEP4DENCE AND EMPLOYABILITY LIMITED REPORT OF THE TRUSTEES- ¢onthiued ForTht Year EDded 31 July 2022 REFERENCE AND ADMLNISTrATIVE DETAILS Rrylstered Company number 11901504 (England and W&les} Reglstered Charity 1187919 Reglstered offlre Oakley Colle8e Cage Greert Road ToDbridg¢ Kcnt TNIO 4PT Trustee Sitllou Harris OlenD Dou8la8 George Richllrd Goss {r¢8isn¢d 8 Decemb¢r 2021) Robert Marsh David Martin Richard Pone Juli¢ Sion¢s DaJJi¢l Broad D•vid Carter Dlrecto Simon Harris alenn Douglas Georg¢ Richard Goss (regied 8 Dernber 20211 Robert Marsh David Martill Richard Pone Julie Ston¢B Daniel Broad John Spavin5 Davidc Audltors Hilden Park Account8Dts Limit¢d Chlrtered A¢countants & Statutory Auditors Hilden Pxrk House 79 Tonbridge Road Hildeuborou8h Ken¢ TNII 9BH P&g¢ 7

SKILIS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED REPORT OF THE TRUSTEES- eonthlued For The Ytar Ended 31 July 2022 STATEMENT OF TRUSTEES, RESPONStBILITIES The tnL%te¢s (who are also the dire¢torn of Skills for Ind¢p¢nd¢n¢e and Employabiliry Limited for the pury)ose8 of company law) are Tesponsible for preparitlg the Report of the Tnjstees and the f¢18[ statem¢nt5 Ln uccorda¢¢ with applicable law Ind United Kingdom Accowilityg S¢andttrd5 (Ullited Kingdom Gcncraily A¢¢¢pted A¢cowitirtg Practictl. Company regiiires the trustees to prepare f8¢1 Statements for each financial ye8r wbictl give A kne And fair view of the stst¢ of hffairs of th¢ ¢h8ritobl¢ compAny and ol the in¢ikmiug resour¢eg and application of resourc¢s, it)clwling Ihe income and expenditure. af th¢ charitsble company for tha¢ year. In pr¢paTins tho% financial Statcmcnls. th¢ iNstees tre required io.. select Suitable accourLtin8 policieB and then apply them 513*ntIy. observe the methods and principles in th¢ Charity SORP.. make judgements arld estimates that are r¢a80nible Artd prudetti. prepare the flnancial 5tatemenis on the goin8 WD¢ern b1$ unl¢$8 il iB inappropriate to presume that the cb8ritabl¢ company will continu¢ in busincss. The Itustees are responsible for keepin8 proper accountin8 r¢cords which dtsclose with reasonable accuracy at any tim¢ the fJnanci81 po$ition of the iharitoble Gompany and to cnable thcm to cnsurc ihot the fmothcial 5totcm¢nts Comply with the Comp8Die3 Act 2006. They are also responsible for safeguarding th¢ )58et8 of tb¢ charitsble ¢ompAlly and b¢n¢¢ for t4king r¢aBotL&ble 5tep5 for the prevention and detection of fraud 2nd oth¢r irre8ularitie3. In Bo far &8 the tru8tee8 ore aware.. there 1$ no relevant audil infornvhtion of which the charithble cOMpY'S auditors are unaware,. and tb¢ tnjstoes have taken 811 slep$ tbat th¢y ought have laken to mak¢ thems¢lve$ aware of any rel¢vant &udi¢ information and to e$t8bli$h that the auditors are aware of that infonnation. AUDITOILS The &uditOTS. Hilden PArk Ac¢ountints Limited, will be proposed for re-appointment al the forthcomin8 Annual General Meeting. Tbis report ha5 been pryaTed in aKordan¢e with th¢ provisioDS )ppIi¢8bl¢ to StDall ¢OD]paDi¢s subj¢¢t to tbe SD11 compdrtie8' regime in P&rt 15 of tbe Companies Act 26. R¢port of the trustses approved by order of th¢ board of tN6t¢¢s, as the Company diT¢Ctor4 on and Jigrted on the board's behaifby: %&lo¥2.0S....... Harri$ Page 8

IM)EPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SKILtS FOR INDEPENDENCE AND EMPLOYABILITY LIMED OplThlon We have audited the financial st8¢¢ments of Skills for IndependeDce 2nd Employability Limited IttL¢ 'tharitable comparty,) for lh¢ yur ended 31 July 2022 which COTnpris¢ the SlalemeDI of Financial Activitie8, the Balancc Sheet. the Cash Flow Statetnenl alld notes to thc fjnancial $tOt¢nwnls. including 8 summary of $igDificant accouniillg policics. The flnancial reporting framcwork that has been applied in ther preparation 15 appli¢able18W HTJd UJ]ited Kingdom A¢¢ountin8 Stalld&rds (United KingdoTn G¢nera]ly Acceptrd A¢¢ounting Practic¢l. In our opinion the financial statements.. 8ive & trne and fair view of the slate of th¢ ¢hwit2ble company's affairs as 8t 31 July 2022 and of its in¢oming resources and applicatioo of resources. including its income and cxpeDdiDJre, for the yw then etldcd: have been prop¢rly pr¢pared ill accoTdan¢e with United KgdOM Generally Accepted Accouttting Practice. and have been prepired in a¢wrd8nct the r¢quiremenlS of the Companies Act 2006. Baslg for oplnlo Wc conduclgd our audit in accordance with tnt¢rDational Stand&rd8 on Auditillg IUKI {ISAs (UKI) applicabk law. Our responBibilitics und¢r those standllrdg are fijrther described in the Auditor5, r¢sponsibilitics for the audit of the financiAI ststements 8ection of our Teport. We independent of the charitable cou)pany in accordathce with the ethical requirements tha¢ are relevant io our audit of the financial st8tem¢nts in the UK, includin8 th¢ FRC'S Ethic81 Standard. and we hav¢ fuifJll¢d our other ¢thi¢al ruponsibiliti¢y in 8CCOTdance with th¢$e requircrnents. We bclieve thot the Audit ¢wdence we have obiained i8 sufficient thd oppropriate to PTovid¢ a basis for our ¢)pi¢)ion. C•neluiloni rel%tln% to #olng eoD¢ern In auditing the fJnanGIAI stat¢mcnls. we have concluded that the trust¢¢6' uge of thc goin8 ¢on¢ern b1$ of ac¢ouDtID8 in the preparatioD of the finaD¢LoI statetncnls is 8ppropriate. Based OD the work we have performcd, we have not idcntifled any material uneertaiJties rel8ting io event$ or conditloni thai, individUlY or collectively. may cost signifjcant doubl ots the charitsble ¢omp8ny's ability to Continue os a going cottcem for 4 period of at least 12 months from when the financial siatements ue authorised for i33u¢. Our respLill5ibilities and the responsibilities of the IlIe£S with ropect to going ¢on¢¢rn are deg¢rib¢d in the relcvant sections of this report. Other Inforrntion The other irtformation compri8e8 ihe inforniation included in the 8tULuI report, including the tTUSte¢$' report. othtr than th¢ financial statements and our #uditor's report Iher¢on. The tswslees are T¢spon$iblc for the other inforniation eonlained within the repon. Our opillioD OD the fancIal stat¢men15 docs ntsi cover tbe other infom]8tion d. except to the extent oth¢tivise explicitly stAted in our report, we do not express forni of &SBufAn¢e conclusion thereon. OUT r¢spoThsibility is w r¢4d th¢ other information 8nd, in doing so, Consider whether the oth¢r information is materially itsconsistent with Ihe financial stalcmer)ts or our knowlcdgc obtained in the course of ihe audit. or o¢h¥rwise appear5 be materially misststcd. If we identify such material inconsistencies or apparent mat¢Tial mi55tatements, w¢ are required to detenlline whether this gives rise to A material misslatc¢t in the financial Ststsm¢nts them5cl¥¢s. If. bosed on thc work we have perform¢¢L w¢ conclude thAt th¢r¢ a material mis5tatetnent of this otb¢r llLformation. we required to report that facL We have nothin8 to report in thi$ regard. Oplnlons on other matter5 prescrlbed by the Complnlei Act 2tN)6 In out opinion. ISed on the work ldertak¢Th in the course of the audit.. the infotrnAtion given in the Itusttts. r¢port, which include5 th¢ director5, fcpDrt prrpared for the purposes of company law. for the flllanci for whi¢h the fmancial statements arc prepared is Consistent with the financial statements. and the director5, report included within the trustses. report has been prepared iti ac¢ordan¢e with applieable legal T¢quirements. Page 9

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED- ¢offjtlnMed Matters on whlch we 8re requlred to report by exception ID ihe light of th¢ knowledge and vnderst8ndiThg of the cotnpany and it5 cnvlrotKnt obtained in the course oftht audit, w¢ have not Identifi Tnat¢riHI Tni55tam¢nts in th¢ diT¢ftor5' T¢POrt included withln thc tru8teC8' report. We bav¢ tsothing to report in respc¢t of thc following inatters ID relation to which the Conpallic5 Act 2006 rcquires us to report to you if. in our opinion.. adequate and proper accounting records haye TLOt been kept, or returns adequate for our audit have not been r¢¢eived from 6rart¢hts not vi$it¢d by us; or the financi81 stslements &T¢ not in agreement with the accounting r¢¢ord$ And returns. or certain di5cIosure5 of trtees, remuneration speeified by law are Dot made.. or we have not received 811 the infornwtiDn at)d ¢xplanations w¢ require for OUT audtt Re0¥1b51ltlQ8 of trust AS explained more fijlly in tke Statement of Trnsiees, Responsibililits, the INst¢es {who are 1150 the diTe¢¢ors of the charitable company for the purpose5 of company lawl are resrA)nBible for the pr¢paration of ihe fuwicial slai¢ments and for being satisfied ihAt thcy give a and fair view, and for such internal ¢ontrol as th¢ mJ$l¢es d¢lem)in¢ is n¢ttssary to enable the preparstton of fJnan¢ial ststements that 8r¢ fr¢¢ from m8ierio1 mis8tateJnent, whether due to fraud or error. In preparing the fman¢ial stAiements, the trustee$ are responsible for assessing the charitablc company's ability to continue as a going concern, disclosin8, Bpplicable, matter8 related to 80in8 concern ond using the goirtg ¢ottcern basi5 of accounting unless the trustees either intend to liquidate the Charitable company or to ¢¢ase op¢ration$, or hthve no reali81ic alkrnaliv¢ but to do sa. Audltor's r¢6ponslblllties for the Audlt of the Ilnamclil sttemettt8 Our objectives are to obiiitt reasonoble assur4ttce about whdher the fittancial st&tement8 aB a whole are free from material misstitemcnt. whether due to fraud or error, and to issue an auditor'8 report that in¢lud¢$ OUT opinion. Reasonablc 855urance i¥ a high level of assurance. but is not i gullrantee that In audit conducted in aecordante wi¢h ISAS {UK) will alw&ys detect a material misslatemenl when ii existy. Miyslaiements Can arise from fraud OT error and are considered material if, individually or in the a88re8atc, thoy could reasonably be expe¢t¢d lo intlu¢n¢e the ¢conomic d¢ci5ions of users lakett oll tb¢ bnsis of tbese finartcial stateznetlts. IrTe8uIHritLe8, LThcludin8 fraud, w¢ in51an¢¢8 of non.¢omplian¢¢ with l&w¥ and regulltiotts. We design procedurcs in litle with our re8pon8ibilities. ouilintd above. ¢0 detect mAterial rni5slalcments in respect of irr¢Bulariti¢s, in¢luding fraud. The extent lo which our pro¢edyS ¢&p4bl¢ of dete¢ting ittegul4ritie3, includinB fraud is detailed below.. rncome ID the year is mainly in the foThn of fiJndin8 ba$¢d on Set criteria. Thr audit wDrk perfomied included ¢trLe v¢rifi¢ation of all matcrial income to original &grcemcnts 85 wcll an a5se5sment of the ¢harity'$ ¢ntitl¢meot' Bank transactions in the yeAr were of a ¢onsis¢etht nawre, relatitlg 10 gAnt income, supplier payments Bnd salaries. All InAlerial movemen15 were looked al individually help 8ain assurance that material inst¢t$ of fraud would hay¢ b¢¢n identificd; Du¢ to the simple nature of operations, the ri5k5 of irregulllrities land risk of unid¢ntified irr¢guloritiesl is low. The laws and regll12tions appliLable for this etttity bxve been id¢tstified and Coldered when carryiDg out the gudit.. The competency and ¢apabtliti¢s of th¢ audit t¢am id¢tttifyu)g or rero8ni5ing non-compliaDce with laws aDd regulations have been roDsidered. Consider8tLOn was 8Lven as to whether there were areas of the financial ststement$ psrti¢ularly yus¢eptible to fraud. Minules of meetings of thos¢ charged with gov¢rn8n¢¢ hAv¢ been rcvicw¢d and nothing was noted that would Éndic*te material misslatcmenls due to fraud., The risk of management ov¢md¢ of ¢ontrol8 has b¢¢n ¢onsid¢r¢d and the audit Work in rclation to this includ¢d the review tsf mat¢rial accounting journa18 ar other Adju%tments to 885ess that they were 8ppropriate olld in lin¢ with the Dornl of the eh&rity's activitie5. Page 10

JNDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF KILLS FOR INDEPENDENCE AND EMPLOYABILITY LImITED-tIlllled Tr¢cau5e of the itlherent lirttit2tions of an audiL therc i5 a risk that we will not detect all irregularities, including those fr8ding to a material mi&8tatement in the financial statements or non-complianr¢ with r¢8ulation. This risk increa$e5 tILe JThore that Compliance with a law OT regulatiott 1$ removed from the events ond trawactions reflect¢d in the finaTJGi81 3&t¢ments, as Wt will be less likely to become aware of instances of non-cornpliancc. The risk is also greater regording irre8ularitics occllrrill8 due to fraud Tather than error, as fraud involves Intentional ¢on¢e)]ment. forgrry* ¢oIIusLOll, )ission ormi5rcpresenthtion. A further descTrption of our re5pon$ibiliti¢$ for the audit of the financiat statemen¢S 1$ located on the Financial Reporting ¢ouncil's website at www.frc.org.ukl8uditorsr¢sponsibilities. This d¢5cription foTm$ part of Huditor's report. iJse of our report 1his rcport is madc 501cly to th¢ charitable company'i TrThAbers, a body, in COrdan¢¢ with Chaptrr 3 of Part 16 of the CompBnir5 Aei 20D6. r audit work ha5 beert und¢rtak¢n 80 that we mi8ht state to the charityble company'5 members those matter8 we are required lo state to them in An audilor'5 report and for no other PUse. To tht fulle51 extent permitted by law, we do not acccpt or Jssum¢ r¢sponsibility to anyotse otkner the cbaritable company and the cbaTitsble ¢ompany'5 memr3 8 body, for ouroudit work. for thi5 report or for the opinions we have fo¢d. Faul R. Chewter {Senior Stathtory Auditor) for and on behalf of Hilden Park Accountanis Limited Ch8rt¢red A¢¢ountants & Statutory Audiiof8 Ilildcn P&Tk House 79 ToTLbridge Road Hildenborough Kent 1NII 9BH Date.. Iyote: Th¢ maini¢nan¢¢ ond int¢8rity of the company's web$ite is the responBibility of the tru5tec5,' the work ¢aTried out by the 8udilOts do¢s not involv¢ ¢onsidcration of thes¢ matters and, a¢¢ordin8ly, the lluditors accept responsibility for ctrb&ng¢8 that May have occurred to the fillancial statements siRce they were itiitially pres¢Dted OD the website. Pag¢ 11

SKJLLS FORINDEPEP4DENCE AND EMPIA)YABILITY LIMIThD STATEMENT OF FINAP4CIAL ACTtVlTtLS (INCLUDING INCOME AND EXPENDITVRE ACCOUNT) ForThe Year EDded 31 July 2022 UDr¢strleted 3I107n2 Restrlcted Funds 31107122 31107121 Total Funds 31107A2 31107121 Note 31107121 Intom¢ from: Donations. fiLttdinB and 2,26&727 1.132 .887,773 1,793 2.271 1891837 151A90 72,406 2.420,217 1.132 1.960,179 1,793 Other tradin8 activitie5 Inve$tmen¢s TotAI In¢omln¢ refour¢es 003 Expeadlture on: Charitable activiti Finon¢e cbar8¢8 Totil expeDdlture 1,829J55 1.350,360 139,453 59,568 I,9808 46J79 2 015187 1.409.928 21,873 1431801 1875,734 1372 233 139 453 Net ncomel(exptndlturt) 407,779 $19,604 12,037 12,838 419,816 532,442 Transfer5 be¢en funds 114 45.474 (48,114) (45,474) Net movement in fylld$ 43S893 565.078 (36,077) {32.636) 419,816 532.442 Reconcilia¢ion of fimds.. Tota] fimd$ brougbi forw&rd 1,229,724 664.646 14S,046 177,682 lJ74,770 842,328 Totgl fundi tArrl•d forward 1685 617 1229 724 1794 586 1374 770 The notes forni part of these fthaneial $&tements Pag¢ 12

8KtLLS FOR INDEPEf4DENCE A24D EMPIA)YABILITY LIMITED. REGISTERED NUMBER 11901504 BALANCE SHEET Por The Year Ended 31 July 2f122 Unrutricled Fund5 31107122 31107121 Restrlcted Funds Total Funds 31107ll2 31107121 31107122 31107121 Nots FED ASSETS TBngible g$¥cts 1.433.485 628.097 1,433,485 628,097 CURREf4T ASSETS tkbtors Cash at ballk in hand 12 31,918 3,750 759.640 108 969 763.390 108,969 31,918 145 046 1072 617 145.046 1,104J35 3,750 904.686 908,436 995,566 CREDITORS knoun15 fa]ling du¢ within on¢ ye4r NET CURRENT ASSETS IJ 392.774 602,792 126 9001 636,490 108,969 392 774 711,76) 126.900 781,536 145.046 TOTAL ASSETS LESS CURRENT LIABILITIES 2,036J77 1,264,587 108,969 145,046 2,145246 1,409,633 CREDITORS Amuunis falling due after more otle ytar 14 1350.660) (34,863) (350W) (34,863) NET ASSETS 1685 617 1229.724 108 969 145 046 1794 86 1374 770 FUNDS Unrestricted bJDd8 RegtTi¢t¢d fijnds TOTAL FUNDS 17 1,685,617 1,229,724 1.685,617 1.229,724 1011969 145 046 1794 $86 1374 770 108 969 1229 724 108 909 1685 617 The trustees acknowledge their responsibilities for (a) cllrIg that th¢ charitable company keeps accouD¢iDg records that cornply witb S¢¢tiOllS 386 8od 387 of thé Companies Act 2006 aDd preparin8 finan¢i&l $1orement$ which give 8 trne and fa2r vicw of the stste of Èffairs of the chllritllble company 0$ at the end of ¢ach financial year and of its surplus or defi¢it for each financial year in a¢¢ordonee with the requir¢m¢nl8 of Sections 394 and 395 and which othenvise comply with the rcqtsiicments of ihe Companies AGt 2trf)6 subject to the small COTnpani¢s rrgime r¢lo1ing lo fLnan¢ial ¥tatements, 30 far os applicable to the charituble company. (b) 2.3/o¥ZQ.L£...... Th¢ financial srarements were arvroved by the Board of Tnt¢¢9 and 8uthoris¢d for isgue on ...... and were nedo ¢half by= n Ha19 The Dotes fDrnI rt of the5¢ fUnG13] statemcnts Pag¢ 13

SKIUS FOR INDEPENDENCE Af4D EMPLOYABILITY LIMITED LASH FLOW STATEMENT Sor The Year Ended 31 July 2022 Year End¢d 31.722 Year Ended 3 1.7.21 Notes Cish flows from operitln¥ gCtlYltle Cash generatcd froTn ¢)pcration Jnierest paid Jniere$t element of hir¢ purchose payments paid 19 610,144 (259) 542.679 46 379) 21873) Net ¢Ash Provided by ¢)perating activitie8 520 806 Cuh Ilows from InveJtln% aetlvltlei Pur¢hage of tanlbIe fixed assets Sale of tangible fix¢d 8$8¢ts Sale tsf fixed assct iDVeStments Tnt¢re8t r1¥¢a (960.751} (222.064) 3,950 Net iD inv¢8tin8 tiVitieS 957 S971 215 842) C4ih nowj from financSn8 g¢rfvltles Capital r¢payrnent$ in year N¢t cash {us¢d inllprovided by fLnan¢ing actLYLtie5 S62 022 ChAg¢ In ciib and ¢a8h equlvaleots IA the reportlng perlod Casb and casb equlvl¢nts St the bOAnE of the reportlnR perlod 167,931 263.026 CA$h and t&ih equlvalents at the ertd of th• r¢portlng perlod 1072 617 Thc notes fonn part of th¢5¢ funcial Statements Page 14

SKILLS FOR INDEPEf4DENCE AND EMPLOYABILITY LIMITED OTES TO THE FINANCIAL STATEMENTS Por The Year Ende4131 July 2022 ACCOUNTING POLICILS B4sli of preparlThg the tlnanclal statements Skills for Independcnce and Employabiliiy Limited is a charitable ¢ompotty limited by guarantee regisiered in England aTLd Wales. In th¢ ¢vcnt of the charity b¢ing wound up the liability lo members in re5pcGI of the guarantcc is limited. The address of the r¢gist¢r¢d otTi¢¢ is givert in the charity infonnation on plge 6 of the report of th¢ tle¢s. The nature of the charity's operntlolls And principal activities is th¢ opcration of Oakl¢y College to as$i$t 18 to 25 year olds with l¢arning difficulties in West Kent and tbe 8urrounth.og areas. The financial 5tatrmcnts of the chtable company. which is a publi¢ benefi¢ ¢ntity undeT FRS 102. have I prep&Tcd in ac¢ordan¢e with the Charities SORP IFRS 1021 'Accounttng and Reporting by ChaTitL¢S.. Stsiement of Recommended Prdctice applicable to Charities preparing their accounts in accordancc with the Fi]wi¢iAI Reportin8 Stsndard applicable in thr UK and Republie of Ireland lTr'RS 1021 {effective l January 2019),, Financial ReportTDg Standard 102 'The Finttncial Reporting Standard applicable in the UK And R¢publi¢ of Ireland, and the CompanieJ Act 2006. The fjnancial statement5 have b¢ell prepAred under the historical cos¢ convention. The ttustees hAve prepared ihe accounts on a going con¢em basis du¢ ro th¢ l¢vel of net a88ets &nd cash rcserves and they do not believe there llre matetial urtcertaithties about the ch8rity'S llbility to eon¢inue. Sin¢¢ the year end the clrIty ha5 again increased it$ a¢¢ivity in i¢rni$ of gr8nl fuThding, incr¢as¢d student and Slèff numbers a8 well as buildityg A n¢w, Iwo $lurey modular building on ils site lo allow it to b¢tt¢r r¥e more youtlg people in the local ¢ommuniry, Th¢ ¢011¢8e remains oversubscribrd, with EHCP dats from Local Authorities giving b clear indi¢AtioD that the demAtLd for provisions such as The Oak8 will contiuue to irLrr¢ase over ibe comitig years. Income All income is recoliSed in the St&temelli of Finjncial Actlvitiei once the ¢harity has erttitlement to the fimds, it ii probable that the inwme will be received and the amouni cao b¢ mwured reliably. Fundin8 aDd 8rant incomr is r¢cogniyed in th¢ Stotement of Financial Aetivittes under the performa¢ model. In¢om¢ from 8ovemment grants and local authorities is r¢¢ognised when any perforn)ance conditions attached to the 8rants have been met. The Company rec¢ives core fundin8 from Kent County Couhcil And East Sussex County Council as well from the UK Education and Skills Funditlg AgenGy. This fijnding is provided for various rea8Oll8 and is detemiined based on criteria such as the number of sdentS ay well As th¢ n¢¢d5 &nd rquiremertts of said 8Nd¢nts. In athlition io the above in 2019 the company cxpanded its offering by providing A hi8h neeth f&cility on the site of a previous Special Edue*tion Needs provision (N¢xus School). Eipendituve Lillbilities are r¢cogni8ed as expendi[¢ soon as there is a legal or constructive obligAti(Frt wmDJittin8 tbe charity to tbat exp¢ttditure, li is prob&ble th3t a traosfer of econornic benefits will be wuired ia settl¢D)¢nt aDd the amount of the obligatioll can be measured reliably. Expcnditurr is aCCOllliled for on accruals basis and ha5 becn classifi¢d under headings that aggregate all cost related to the category. Where costs cannot be directly attribut¢d ¢0 particular he8ding5 they have been allocated to activities on &basis collsi5t¢nl with the use of resour¢es. Page 15

SKILLS FOR IIYDEPENDENCE AND EMPU)YABILITY LIMITED NOTES TO THE FINNCIAL STATEMENTS- ¢ontlDMed For Tbe Yeir Ended 31 July 2022 ACCOUNTINC POLICIES- contlnued P¢nBion toits nd other post-retlrernent beneat5 The company operai¢s a def¢d ¢oJJ¢ributiots pension s¢hem¢ os well As COlltributioJJs b¢illg rnade to the Tea¢b¢r' Petssion Scheme. Contributions payabl¢ to the 8ch¢n)e$ aye chargeAI lo th¢ Statement of Financs01 Activities in the period to which they relate. TaD¥lble Ilxed Aueti T8n8ible fixed asscts stattd at ¢0gt less d¢pr¢¢iation. Individu assets eoyting £500 or mor¢ 8re capilalised at Cost. D¢p12t10tt 1$ provided at rat¢$ calculated tQ WTit¢ off th¢ cost less &stimat¢d re¥idual Value of each asset over its expected useful life. as follow5.. Leasehold improvements College equipment Over th¢ remaining period of th¢ lea3¢ Straight line over 3 yeHrs and S years Fund I¢¢0tIng Unrestrictod fvnds cNn bc uscd in Accord¢¢ with the chAriiable objectives Qt thr discretion of the trnstees. Re8tri¢ted fun(ts can only be used for particular restricled purpD$es within the objttL8 of the charity. Restrictions arisc when spccifjed by the dO[r or whets funds Ire raised forparticular restrict PUTP05es. Hlre purthie glld leailng commltments The Énterest elemetsi of the5c obli8aiions is ¢harged to th¢ Sthtemettt of Fitianeial Activities over th¢ rel¢v8nt p¢riod. The eapitsl element of ihe p8ymenl8 iJ treated Bs a liability. Renlals paid under op¢r81in8 leases are ¢T8¢d to th¢ Ststement of Finan¢i*l Aciivities on A strAi8ht lin¢ basis over the period of th¢1¢88¢. DOIYATIONS, FtJNDINGS AND GRANTS Unrejtrlded Fundi J110712012 311071202I Reltrleted Fund8 3110712022 3110712021 TotAI Fundj J1107Q1121 3110712021 tk>nation5 3.095 2,225.614 1.154 1,817,965 22052 12,040 25.747 2.22S614 13,194 1.817,965 Core gov¢Ttment grants Other government 40,018 68,654 94,519 34,319 J51,490 5,166 55200 72.406 134,537 73.820 Other grants Total 2,26&727 1.887.773 2.420,217 1.960.179 Pw16

KILLS FOR INDEPENDENCE AI¥D EMPLOYABJLITY LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued ForTbe Year Elld¢d 31 July 1022 OTHER TRADING ACTIVITIES Unrestrlcted Funds Restrlcted Fund% TotAI Fnd 3110712022 3110712021 311Q712022 3110712021 JIM712022 3110712021 Fundraising tv¢nlS 1,132 1,793 1.132 1,793 TotA] 1.793 1.793 INVESTMENT INCOME Unreitrleted Funth Re8trlcted Fundi Total Fyndi 31107121)22 3110712021 31107121)22 3110712021 3110712022 3110712021 Rellts received Deposit account ittter¢5¢ 10,5QO 10,500 3,154 2,271 1154 2,271 Tot41 2,271 13,654 71 ANALYSIS OF CHARITABLE EXPENDITURE UNRESTRICTED FUNDS Grant Funded actfvlty Support Cwts Tot1 31111712022 3110712021 3110712022 3110712021 31111712022 31107n021 Employrnent costs Learning resour¢e5 Other schoDI nmning lJ72,072 7,791 959.180 7,892 lJ72,072 7,791 959,180 7,892 405,436 330,919 44,056 52.369 449A92 383.288 Total 1.785 299 1,297,991 44.056 52,369 1,829JSS 1,350,360 Poge 17

KILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED NOTES TO THE FINANCIAL STATEMENTS- ¢oThtlnu¢d For The Year £Dded 31 July 2022 ANALYSIS OF CHAIUTABLE EXPENDITURi RESTRICTED FUNDS Grant Funded g¢¢lvlty Support Costi Tot*1 3110712022 31107a021 3110712022 31107r2021 3110712022 3110712021 Emplowt costs Lcarning resource5 Other school running costs 139.453 59.568 I39A53 59.568 TotAI 139 53 139 453 ANALYSIS OF SUPPORT COSTS Chgrltsbl¢ Actlvltl•J Total FuTrd• 3110712022 31107n021 3110712021 3110712021 3110712022 3110712021 Ext¢rnal audit L¢gal and professiottal 7,860 7060 7.860 11771 035 24,923 9,962 1&771 6J35 24,923 9.962 Staff trainin8 Accountaney Tot&1 TRUSTEES, REMUNERATION AND BENEFITS There were no tree8, remuneration or other benefits for the year ended 31 July 2022 nor the ytsr ended 31 July 2021. Tnte¢9 exp¢uxs There were no trn8tees' expen8Gy paid for th¢ yfAr ended 31 July 2022 northe year ended 31 July 2021. PAge 18

LLS FOR If4DEPENDENCE AND EMPLOYABILITY LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued For The Ended 31 July 2022 STAFF COSTS AND REMUNERATION OF KEY PERSONNEL Year Ended 31.7.22 Year Ended 31.7.21 Wage8 and $alATie5 So¢ial se¢urity Costs Otber p¢n$ion costs 1,119,153 98J80 154,539 799.490 58,133 101557 lJ72,072 959,180 The averAg¢ monthly number of employees during th¢ yeAr as follows.. Y£Br Ended 31.7.22 Y¢4T ¢nded 31.7.21 51 38 The av¢rnge monthly number of fvI1-thrne equiv8lellt {FTEI ¢o¥loyees duriD8 the year wu as followB'. Yeir Ended 31.7.22 38 Year ended 31.7,21 27 The total employm¢nt benefits in¢luding ernployerpension contributioTh$ of the key manasement per8ormel were £37S.86212021.. £399,742) No ¢mploye¢s t¢¢¢ived emoluments ID excess of £60,000. AUDITOR'S REMUNERATION The auditor's remuneration of £7,86012021..£7,8601 related solely to the audit with additional work beiD8 un(krtak¢D of £10,890 {2021-. £9.6241 in relation to other aOUtRucY 5Ervic¢s. io. FINANCE CHARGES 2022 2021 Hire purcha8e interest Pog¢ 19

KILLS FOR INDEPENDENCE AND EMPIA)YABILITY LIMITKD NOTES TO THE FINANCIAL STATEMEr- rontlnued For The Ytar Ended 31 Jllly 2022 TANGIBLK FIXED ASSETS Improvements to propery Colleg¢ ¢quipment Totals COST Al l Au8ust 2021 AdditiotLS 644,704 917.646 63,588 708,292 960,751 At 31 Jyly 2022 562J50 1669,043 DEPRECIATION At l August 2021 CFLar8e for y¢ar 58.280 130J77 21,915 80,1 155 1&986 63 At 31 July 2022 194,657 235 NET BOOK VALUE Al 3 1 July 2022 1433 485 At31 July2021 586 424 628 097 12. DEBTORS.. AMOUNTS FALLINC DUE WITHIf4 ONE YEAR 2021 Tt8de d¢btors Other debtor8 Prepayments 7.966 3.750 3,750 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Hire pur¢ha8¢ {8ee not¢ 15) Trade creditors Social security and other taxe8 Other creditor5 AC£nlS ond deferred income 297.361 33.260 82 &388 51,136 12,651 16,609 13,904 392 774 P48¢ 20

KILLS FOR INDEPENDENCE AND EMPLOYABILITY LI1[TED OTES TO THE FINANCIAL STATEMENTS- eontthued or The Year Ellded 31 July 2022 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2022 2021 HI purcha8r (s¢¢ note 151 3SO 660 15. LEASING AGREEMENTS Minimum leaB¢ payments undu hire pur¢haBe fall du¢ tts follows.. 21122 2021 Net obli8ations repayable.. Within one year Between one and five ye8 297J61 51,136 i& OPERATING LKASE MiniEnun) l¢a$e p8ynMts und¢rop¢ratinB leases fall due as follows: 2022 2021 Net obligAtion$ r¢pay4ble: Within one year Between one and five yeaT5 217,966 159,757 286 866 522316 Page21

KILLS FOR INDEPENDENCE AND EMPLOYABILITY LII¥fjTED NOTES TO THE FtNANCJAL STATEMENT6- tontlnued For The Yekr Ended 31 July 2022 17. MOVEMENT IN FUI¥DS Net mov¢Jn¢nl in fvnds At 31.7.22 At 1.8.21 Unrestrkted furtd8 (kn¢ral fijnd 1,229,724 45S893 105,617 Regtrl¢ted R¢stricted fund 145.046 {J6,O77) 108,969 TOTAL FUNDS 1374 770 419816 1794,586 Net moyemettt in fimds. in¢lud¢d in th¢ above are 96 follows.. ¢omin8 re8ource8 Re8OUTces ¢xpended l transfer6 Mov¢ment in fwLd$ UDreitrl¢t•d fund• General fund I,28313 (1,817,610) 455J93 Re•¢rl¢l¢d fundi Restricted fill l51,490 (187,567) 136,0771 TOTAL FUNDS 2.435.003 2 015 187 419816 Comp#r*tlv# for movement In funds Not mtsvetncnt At 31.721 UnrestTlcled funds General filnd 565.078 1.229.724 Restrleted funds R¢$tricted fimd {32,636) 145,046 TOTAL FUNDS 532 442 1374 770 P4e 22

XILLS FORINDEPENDENCE AND EMPLOYABILITY LIMITED NOTES TO THE FINANCIAL STATEMENTS- tothll•ued Dr The Year Ellded 31 Juty 2022 17. MOVEMENT IN FifNDS {contlnued) Comparativ¢ net mov¢roent in fillLds, included itl the thTrve as follow8.' IDcon)in8 resources Resourccs expended MOV¢¢ itt fiJnd$ Unr¢$trleted Gen¢ral fimd 1,891,837 (1,326,759) 565,078 Restrl¢t•d fund• R¢stri¢ted fund 72,406 (105,042) (32,6361 TOTAL FUNDS 1964 243 1431.801 PaB¢ 23

Klus FOR INDEPENDENCE AND EMPlnYABILITY LIMITED 140TES TO THE FINANCIAL STATEMiNTS- contIlled For The Year Ended 31 July 2022 RL8TRICTED FUNDS The income fund8 of the charity include restricted ¢ompri8ing the followin8 unexpended balance5 of donations and grollts held on foT 5pccifi¢ purp)s¢$,' MovemeTrt fundi B*lanee At I In¢omln¥ Au8UJt 2021 Reiourtej expended Tranifers Bilanee At 31 July 2022 Colyer Fcrguso Free 8¢hool meal$ 45,910 7.167 85,999 7,590 8,366 25,000 {51,3201 14,9751 {63,811) 2,180 10,558 24,762 KCC (Building improv¢ments) Ki¢k$iArt Scheme {22,426) 12,129 5.467 {12,129} (250) 11,4301 3H 250 3Afj7 K¢nt Commuoity Foundation 1,430 A5da Foundati¢)n 2,000 12,IWI (300) Royal Botanical Oardens Kent Active 300 200 500 500 Justgiving Worshipfijl Company of Inforn)ation Te¢hnolo8lSIS The Bi8 Lottery Fund Kent Commtsttity Foundation 1.290 6,208 5,211 160) (636) (7,3) (3,846) 138 729 4,766 9,6(K) (2,484) (58) 2382 {9,542) The Catcers thnd Eut¢rpris¢ Company Wooden Spoon Society 1,000 5,0(Kl (5,000) Department for Education 61,153 151.490 61,153 108,969 145,046 (139,453} (48,114) p24

KILLS FOR IIYDEPENDENCE AP4D EMPLOYABILtTY LIMITED NOTES TO THE FINANCIAL STATEMENTS- eontlThued For Tbe Yt#r Elldtd 31 July 2022 J8. RL8TRICTED FUNDS (eolltinued) Coly¢r Ferguson- A Kent based charity who award grants to SUPWprt vulnerable and disadvants8¢d people living iii Kent. Grants are capped at a ]Ul of £5 pcr grant but there 18 no limit to the number of grants that call be applicd for. Our Collcge Projects MJnager Applies for gr&ttts on behalf of leamers at tbe College based on thc learner's indidUEl n¢eds. ExaTnple$ of grants applied for it)clude providing a learner a new Suit and Shocs to attend job interviews and payin8 for a learner to attend 12 one-tO-on¢ cowiselliDg sr55ion5. Th¢ 8r3nts can otsly be spent on tbe $pteifi¢ project applied for Artd expendire against income for each grant is tracked by the Projects Manager. Free sehool meils- The College itidicote whicb lesm¢rs art eligible for free school meals, the eost of each meal aod thc number of meal8 each Icarncr will re¢eiYe during the a¢ad¢mi¢ year. The Edu¢aiion and Sknlls Funding A8ethcy provides fidIng ba8ed on this calculation plus gn additional 50h to cover administratLOtI costs. KCC (BuUdlrt8 Improv¢m¢nt$)- In Aunlmn 2019 Oakley Colle8e occupied new premises which was part funded by Keni County Counril, Th¢ Bmounl of funding provided was based on quote5 from the buildin8 contractors involved on the projecl. The remaining re5tiicted bRl8nce rel&$ to lease obligations totalling £85,999. JH- The 3H Foundaiion is a lo¢NI charity 8¢t-up 45 y¢8r$ ago to awaTds grants thjt provid¢ r¢Jpite for people with disabilities and their carers. Two. £250 grants to fund local thcatre trips wcrc Applicd for and approved. How¢Yer. only one trip 50 far taken place beraus¢ of th¢ Covid pandemic. Kent Comrnunlty Foundwtlon {KCf) - KCF 15 one of 47 Community Foundations acT085 the UK who are committed to improving the lives of lo¢oi p¢ople 8nd communiiies, pani¢ularly th¢ vuill¢rabl¢. isolai¢d, atld disadvdntagcd. KCF hHvc &wArded two groots to The Oak¥ Sp¢¢ialigt College,. one for th¢ purch89¢ of IT, vid¢0 and Sports equipment and the other towards the purchase of ll polytunnel and workshop. A8da Foundatlon - This 15 an indep¢ndent charity whose mission is to transforni communities and improve live5 throu8houl th¢ UK. The Oaks wa5 awarded a £2.000 8rant to p&rt-fiJnd the purchase ora polytunnel Bnd workshop. Royal Botslllcal Gardens Kew- Kew twns an outreach iniiiaiive ¢alled"Grow Wild" aimed ai ¢ncouro8ing millioDs olpeople et)joy #tjd value wildflow¢rs 8Dd fijtigi. As part of thi$ initiAtLV¢, xhools Alld ¢oll¢ge W¢T¢ invited to Hpply for a £500 8ranl to run 8ardenin8 projects with their 5tudent5. Kent A¢tlve Kentsport in a8so¢iatiort with SportEt)gland run$ on "Everydly A¢tiv¢" inititttive whose aim i$ lo increase parti¢ipalioll in sport and phy$i¢AI a¢iivity. Grants were available &8 Pgrt of thi¥ initiative and The Oaks 8¢cured £500 of fimding to pubas¢ Bports ¢quipment for its learners. Jult ClvlDg A JustGiving accourti was created to re¢eiv¢ dono1ion$ for The Oaks Spccialist College's 'Hit the RoBd" r4mpaigD to purchase and equip & mobil¢ ¢offtelsnack b¥ for our learners to operate. Don&tions comc in throughout the year on an &d.hoc basis. Sevenoaks Dtstrlct Counell ISDQ The Oaks Specialist CollEg¢ pArticipate5 in the GoverTunent's "Kick Start" sche¢ and ha8 cmployed two calldidates through ihis scheme. SDC Initially provided grants to support the trawin8 and d¢velopm¢nt of the two candidates plus ongoing funding to cover the candid&tes' sa]ary costs. Worshipful Company of IBformation Ttthnologi5ts- Through previous work with the WCIT. one of ihe College's TnL5tee5 facilLt&ted the awarding of a £521 I grant for the College. The grant was used to purchase Various jtem$ of Smart and wistive t¢¢hnology for the sUPPOrted liviThg rrn in"Th¢ Hiv¢" builth"n8. Page 25

KILLS FOR INDEPENDENCE AND EMPLOYABKUTY LIMITED NOTES TO THE FANCIAL STATEMErfrs- tontErtued For Tbe YvAr EDded 31 July 2022 J& RFSTRICTED FUNDS {tontinued) The Blg Lottery Fund - This organi5&tion offer¢d graThts to schools and colleges 10 help Staff and thetr pupils celebrate the Queen'8 Stlver Jubilec. Thc Oak5 applied and was 8u¢c¢ssful in 5Uring a grant of £4,766. This was ent on putttlig togtthcr hostitig o day of JubiletrrelAied a¢tiviti¢s and ¢el¢brati¢)DS at tbe college. The Cireerx And Enterprl8e CompAny- The college's Careers LeAd applied for some additional fuDdin8 to purch DIY too15 and d¢¢or4linB materials to support learners with their v&rious enterprise initiatives. Wooden Spoon Sodety- The Wooden Spoorl Society provided the college with a £5.000 gront to pweh88e outdoor Bym equipTnenf for Ihe bMefiL of botb learn¢rs and 81Aff. Department for Edvcatlon- The college reeeive$ atul1 grants from the DIE for the specific purrx)8e of rnaintainu and improving the condition of the college building5. Tr#nsfer8 represent the purch of fix¢d I¢1& durin8 th¢ year from i re8trict¢d fi]nd which Bre held for a g¢ntrnl pwyose. 19. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES YeAr Ended Year Ended 31.7.22 31.7.21 Net Income for the repordng perlod (AS per the Statement of Flnanclal A¢tiYitit$) Adjujtments for: Depreciation charges Profit OD dispos81 of fixed as8¢ts Intere8t received Interest paid Interest elemoni of hir¢ pur¢hAS¢ and fin• le88¢ rental paymen (In¢re8s¢IIDecrwe in debtors IncTeasellDecrcasc) in credilors 419,816 532,422 155,363 73,132 (1,0961 (2,2711 (3.1541 259 40JVJ (28,168) 21.873 9.214 Net c*$h prorfded by operatlon8 542 679 P&ge 26

kiLLS FOR INDEPENDENCE AND EMPLOYABILITY LIMtTED NOTES TO THE FINANCIAL STATEMENfs- ¢ontlDued For The Year Ethded 31 July 2022 20. ANALYSIS OF CHANGES IN NET FUNDS At 1.8.21 Cash flow At 31.7.22 P4et ¢98b Cash at b8nk 8nd in hand 167931 1.072 617 904 686 167931 1072 617 Debt Fingnce lease$ 562.022 85.999 562.022 To¢il 818 687 394 091 424 $96 21. RELATED PARTY TRANSACTIONS DuriTh8 the year ihe charity re¢cived a 8r•mt ttst4llin8 £5,21112021'. £nil) from The Wor8hipful Company of Inforniition Te¢hnologi8ts' Charity. a charity which Richard Pon¢ is a trustee. Pog¢ 27

LLS FOR If4DEPENDENCE AND EMPLOYABILITY LIMIrn) NOTES TO THE FINANCIAL STATEMENTS- Por Tht Year EDded 31 July 2022 INCOME AND Ef4DOWMEI¥TS DO(50. fundlng and grants 31107n022 311071202I Don&lions Funding and 1$ 25,747 2J94,47 2,420317 13,194 1,946,985 1.960,179 Other tr8din¥ #rtivitles Fundraising events 1,132 1,793 Invtment Income Rents received Dep051t accoutti interesi 10,500 3.JS4 13,654 2,271 2.271 Totil Incomlng rwoDrceJ 2,43S003 1.964243 EXPENDITURE Chirltable Actlvltl Wage Socidl $ewity ¢osts Pensiott rosis Staff welfare Other operating lea5¢5 Rates Bnd water Insurance Lighi and heat SundTie8 Repairs & ren¢wals Cleaning L¢4rning resource8 Collcge trip5 Catering StatTtrainiDg & subscriptLOD8 Training for student$ Pretnises rent T¢lephoDe P05tag¢ and Sthtionery D¢precialton of tawble fixed assets Profit on disposal (pf fix assets Computer expcn8es 1,119,153 98J80 154,539 5,810 149,722 5,131 21,918 14,370 I J04 24,258 38,1127 7.791 &634 5,831 535 799,490 58,133 101.557 8,949 126,572 7,174 13,297 19,516 737 13,097 35,999 8,135 2,965 2.397 9,962 2,267 24,371 5,665 7,660 73,132 (1,096) 28,873 37,1183 4.963 9,402 155J63 34724 This page does not form part of the statutory fioancial stNteTnents Page 28

KILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED NOTES TO THE FINANCIAL STATEMENTS- ¢ontlDu¢d For The Ye*T Ended 31 July 2022 Chirltsbie •ttivttlei ¢oThtlnu¢d Trxvel Adv¢rtising B8nk char8e5 Lc8a] and profegsional fees Audit ADd accountancy 20,583 1,831 543 24,163 1&750 1,968,808 18.669 24,923 17,484 1,409,928 Fln4nce charyei Hire purchase iotere8t 46J79 21.873 Totsl regow¢e8 expended 1,015,187 1,431.801 Net iurpl 419016 532.442 This pa8e doe$ not forni part of the statutory fraaDcial stalen0($ Page 29

. Vlslon

Hilden Park House, 79 Tonbridge Road Hildenborough, Kent, TN11 9BH

Telephone 01732 838 877 Website www.hildenparkaccountants.co.uk

The Board of Trustees Skills for Independence and Employability Limited The Oaks Specialist College Cage Green Road Tonbridge Kent TN10 4PT

23 March 2023

Dear The Board,

In accordance with our normal practice we are writing to draw your attention to various matters which arose during the course of our audit of the company’s accounts for the year ended 31 July 2022.

Qualitative aspects of the entity’s accounting practices and financial reporting

We have no comments to make concerning the qualitative aspects of the entity’s accounting practices and financial reporting.

We did not encounter any significant difficulties during the audit and there are no significant findings from the audit to draw to your attention.

Letter or representation

A draft of our proposed letter of representation is attached. We draw your attention to the paragraphs 10 to 12 concerning restricted funds, donations and grants income and confirmation of sufficient reserves to pay for the remaining capital expenditure.

In other respects the letter is routine.

Adjusted and unadjusted misstatements

We enclose a schedule of our adjusted misstatements relating to opening balance adjustments, along with the adjustment to increase the rent accrual and adjustment for the depreciation chage for the year for fixed assets.

Expected modifications to the auditors’ report

We do not propose any modifications to our audit opinion and hence will be issuing a clean audit report.

Hilden Park Accountants Limited is registered in England & Wales with registered company number 5903760. The registered office is at Hilden Park House, 79 Tonbridge Road, Hildenborough, Kent, TN11 9BH. Registered to carry on audit work in the UK and regulated for a range of investment activities by the Institute of Chartered Accountants in England and Wales. VAT number 886 0443 04. A list of directors’ names is available at the registered office.

Material weaknesses in the accounting and internal control systems

As you are aware from our letter of engagement, our audit procedures were directed towards testing the accounting systems in operation upon which we have based our assessment of the accounts. It is not meant to be a full and accurate reflection of all weaknesses that may be present in your system. During the course of our testing we came across no instances of material weaknesses in the accounting and internal control system. The accounting control system is appropriate for the size and nature of the business.

When reviewing the processes in place for grants and donations income it was noted that there is currently no spreadsheet maintained of all donations/grants applied for and the outcome of the application. We would suggest a spreadsheet is maintained which includes all grants applied for so that the charity are aware of all grants applied for and as such can follow up on progress of these if no response is received from the donor.
On review of the trustee meeting minutes, although this included any declaration of interests there is no register maintained which summaries all interests. Therefore, we suggest that a register of interest is maintained which is updated regularly so that it is reflective of all interests for each trustee.
On reviewing the fixed asset register in Xero, it was noted that for some assets these had not been added to the fixed asset register, and therefore only showing as an addition in the nominal code within the trial balance. As such for these assets no depreciation was posted in the year. Therefore, for all fixed asset additions these need to be added to the register in Xero to enable the software to calculate and post the monthly depreciation charge. However, as we assist with the preparation of the monthly management accounts, the bookkeeping team responsible will be able to assist with this.

In making our recommendations, we have considered the size of your company and the number of staff you employ. We shall be glad if you will let us know what steps have been taken in connection with the above.

Other matters required by Auditing Standards to be communicated

There are no other matters that we are required by auditing standards to communicate to you.

Other relevant matters relating to the audit

We have discussed with you the fact that we provide accounting and payroll services to the company in addition to acting as auditors. We wish to confirm to you that in our opinion the provision of such services does not affect our independence as the additional services provided are of a routine compliance nature and the Board takes any decisions where judgement is required.

The firm and the audit engagement team have therefore complied with relevant ethical requirements concerning independence.

We would like to take this opportunity of expressing our thanks to your staff for their assistance during the course of our audit. Please note that this report has been prepared for the sole use of Skills for Independence and Employability Limited. It must not be disclosed to third parties, quoted or referred to, without our prior written consent. No responsibility is assumed by us to any other person.

The purpose of the audit was to enable us to express an opinion on the financial statements. The audit included consideration of internal control relevant to the preparation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control. The matters reported above are limited to those deficiencies that the auditor has identified during the audit and that the auditor has concluded are of sufficient importance to merit being reported to those charged with governance.

If we can be of any further assistance, please contact Paul Chewter.

Yours faithfully,

OpenCharities

2022-07-31-accounts

. Vlslon

. Vlslon

Qualitative aspects of the entity’s accounting practices and financial reporting

Letter or representation

Adjusted and unadjusted misstatements

Expected modifications to the auditors’ report

Material weaknesses in the accounting and internal control systems

Other matters required by Auditing Standards to be communicated

Other relevant matters relating to the audit