Digital Advantage Annual Rwt IWKI Ftmndal Stst•nqnts fortheYe•r EThled 31July 2025 Dtgltal Advantage Contents Reference and Admlnlstratfve Detalls Trwtee5' Report 2to9 Statement of Trustse5' Responslbll￿les Independent AiJdStors' Report Ilto 14 Stètement of Flnandal Actfvltles Balance Sheet 16 Cash Flow Ststemert 17 Notss to the Flnanclal Statements 18to34 DIRllal Advantage Reference and Admlnlstratlve Detalls Ch￿rnan Mrjames Da¥ies. lappointed 1st June 2025) Ashl￿ Borod• Mr Mlchael Anthony NIKNamwa, Ire*r*d July 20251 Mrs sarah.jane Mu5tqutrH•r8re¥4es Mrs Naoml Loulse nmp*lty. Irts*ned June 20251 M15s 0{￿e May AIn5*￿rth Mrs Kate Oodd. {r￿gned 13th N0￿mber 20241 Mr Beck CnMnxk.HtsLyh. (re￿Ined 3tst Oecembef 20241 Mr Phlllp ArTh)Id Ireslgned 3tst January 202SI Msjulla lapptsinte(l tst June 20251 Mlss Katrtna GaNa8her, lappolnted tst June 20251 Mrjames Da¥le5. lappolnted tstjune 20251 S•nbor M•n•wMrt l Le•denlAp Mr Rav Gehlon. Mana8w¥ Olrertor T•• MrAndy Lsw*L CEO, Ire518ned 16th M•y 20251 Mf Eya Rwhen. Cxeatl¥e Olrettor Mr Seamus M•nnlorn COO Cwollne Dean. He•d of Colle8e IDISCI MrAdam CFO & Interfm CEO Ch•tlty R•ilstrathn Nurnb•r 1188836 Prfnc*l Offk• Thlrd Floor Hotyoake House Hanovef Stre•t Marthester M&J OAS The Moff•tts Partnushlp LLP Chartered kcountants Sulte 1.1, JKkson House b50n Rowl Sale M33 7RR Ctroperathe Bank 18alk>)n street MarKhester M4 48E Pa8e I Dlgltsl Advantage The trustees present the an￿41 rem together wlth the finandal statèments audltors, report of the charity for the year ended 31 Juty 2025. 14oturn of document Th• ¢harity 15 controlled by Its go¥ttnlng docthwl a deed oftrnst u¥n5tttutu an Irrnwated charlty. Trustees wue appointed durfn8 the ffin¥Klal year. James Da¥Ees Julla Q*en and Katrln• Gall•8erlolr*ed the Board on I lune 2025. New Trustees undertake an prows and experlwKed, establlshed Trustees are avallable to them for 8uldance and reference. Further detslLs of the recrultment py￿¢$$ and re5p)nsSbilltles are avallable In the Memorandum and A￿￿¢$ ofA550clatlon. All Trugtees have received guidance 155wI to Trustees by the Charfdes Cthnmlssk*n. In •ddltlon. •ll tntstees •re made aware ol thdr statutory 0￿1&allonS In relatk>n to: al Keepln8 children safe In educatlon bl w0rkln8-to8ether404afe￿ard-ch1ldf¢n Remunerauon for key personnel Is set by the board with amounts belng rth•ved annual￿. As per tht Memorandum ind Artlcles of A550cl¥tth. a trustee or a connected person may be employed by the Charfty or en8a8ed to pro￿de serySce5 to the Charlty provlded ihe remuneratbon b property proponion•teto the value of the ser¥kes proylded and that a majorlty of the trustees do not ben•fft In thls w•y. The chadtyls mana8ed by the Board of Trustees. The Tnrn ffttt regulathi to set the strate8k dlrettlon of the charlty, apprwe the annual btyjget and MOn￿Or perfwm•nce ¥insithat bud8et. Andrew Lovatt was appolnted ty the Tru5t•es to manay the operatlons ol the chartty and was dele8ated authorlty to make oPera￿Onal decislons. Andrew Lovatt stepped back from his role on 16 May 2025 an4 followln8 a pertod of speclal lea4* and garden lewe. hls thwltrffjent ternlIr￿teO M 25 0￿mber 2025. During this transitional period. Adam RavAin& who was servini as Frartional CFO at the tlme, was appolnted Interfm CEO on a part4ime bass from 2 June 2025. Resp)nsibility for the 8eneral daY-￿d¥V rna￿8￿nent of th• charlty on site continues to be dde8ated to members of the Senior leadwshSp team. The pro¢e5S tts appoint a pemwent CEO is wderway and is •¥pected ro Cor￿￿de durlrw FY2026. Page 2 Di8ltal Advantage Trustees, Report Relallonshlp$ wlth r•l•ted p•nl8s Th• Whlte Room Consultsnq Llrnlted Andrew Lova￿ the CEO forthe flnancial ytsr Is a dlrector of the above companv. SENOCode The charlty entered a Heads of A4feement wlth SENDCode, a ac closely allgned ￿th their m15s1on and purpose. Majorrlsks omd monaqement olthose rfsAJ Rlsk monoqement The Charlty run5 an on80Sn8 Rlsk a55e55ment tool that Is malntalned by our COO and overseen by the Exec Group, and Board of Trustee5. The prlnclpol r15ks at present are the expanslon of DISC colle8e to another $4te In Salford. We had a full Ofsted vlslt In May 2025 and recelvèd an overall GOOD ratln8 followln8 our first full Otsted Inspectlon 51nce Inceptlon. The breakdown of cate8ofle5 and 8radln85 wa5 a5 follow.. •Quallty of Educatlon- Good *Behavlour & Attliudes- Outst•ndlng •Personal Development- Ourstandln •Leadershlp & Management- Good •Provlslon for learners wlth hl8h need5- f*)od Page 3 Dlgltal Advantage Trustees, Report ObJe¢llves and artlvltl•J Objetts ondalms The ObSe¢ts ol the CIO are.. al To promote 50dal {￿lusIon for the publk benefft by preventln8 people from bxomln8 soclally excluded, rellevlng the needs of those people who are soclally excluded and asslstln8 them to Inte8rate Into soclety, In partlcular. but not excluslvety, supportln8'. 11 young people 111 dlsgbled people 1111 people wlth speclal educatlonal needs Iv) people wlth Ilmfted diitsl 5kllls vl unemployed people. bl To act as a resource for soclally excluded people by provldln8 advl¢e and as4stance and or8anlslng programmes of educatSonal and other attlvltles as a means of developln8 thelr dl8fjtal sk1115. capacltles and capabllltles. 11 Youn8 people. We have contlnued to WO￿ wlth yovn8 people acro￿ the NW. The fundln8 cllmate contlnues to be a challenge, so due to that and a l•r8e operatlonal focus on DISC lsee below) we have reached fewer young people ¢)verall this year, but those that we do reach, remaln lar8ely from hard-to.reach communltles. W* provlded tralnln& support, advlce and quldance to one School (Eden Boys) from malnstream edu¢atlon' and worked wlth further 10 SEND cohorts across Lancashlre and Greater Manchester. 111 Dlsabled people, Our Independent Speclallst Colle8e DISC19 based In Manch￿tr Clty C•ntr•. l)urfni thls year we provlded 43 places on our Foundatlon, Gateway and Supported Internshlps for youn8 people wlth SEND. t￿r Intern5 came from Bury, Cheshlre ÉasL Dethshlre, Manchester. Oldham, Salford, Stcckport, Stoke, Tameslde and Trbfford. We also provlded 8 places ranglng from 2 months to a full year, on our Alternatlve Provlslon. We worknd In partnershlp wlth 34 or8anlsatlons to develop Industry work brlef5, vlslts and talks and ultlmately pald SU5ts1nable employment for our Interns. We Contlnued to proactSvely en8a8e wSth Greater Manchester Combln•d Authorlty, Ma￿ht￿tr Clty Councll, Greater Manchester Learnlng P￿der Networl Lancashire County Q*uncll & Future U provSdln8 help. expertSse and 8uldance to them wlth supported pathways and tralnln8 to help 8et SEND yoiin8 peopl• Into the dl8ltal workforce. 1111 SEND for Schools and Colleges. We have dellvered servlces to li0+ youn8 people wlth SENO, partlcularty those w￿h Autlsm. We have developed a sèrvice for us to work wlth Schools and Colle8es by provldln8 outreach traSnln8 programmes and Alternatlve Provlslon. As Digital Skllls Partners we can help wlth currtculum, tralnln& work expèrleftces careers advice. communlty awagèment and pro8resslon mutes for thelr studenty alon6sSde dl8ftal CPO forteachers. Iv) People wtth Ilmlted di8ttal skllls. Our resources have been focused on SEND prlorltles thls year and funthn8 for th1$ 8roup Is limlted. vl Unemployed people. Gfven our focus on SEND, In partl¢ular the Contlnued estsblSshmert of DISC, we have not worked wlth th158roup durfn8thls perlod. Page 4 Dlgital Advantage Trustees, Report Furtdrolslng dlsclosures The princip￿ source of fundlng Is for DISC vla ESFA and Local Authorlty fvndln8. We have developed a fundralslng strategy but have not deployed thls as yet. We contlnue to apply for 8rants from fundln8 bodles and founda￿on$ that prlorlttse educatlon and tralnln8 for SEND young people and other5 that rnaybe 50clally excluded. Publlcbentfft All trustees are famillar wlth our wrpose and are, to varylnB degrees, actlvely Involved In hèlpln8 us dellver thts. Thls may be throu8h advocacy throu8h buslness networks to create Sndustry work5hop5 and employment opportunltles,. provSdln8 a volce for youn8 people wlth 'llved experlencrf of addStlonal needs; U51nu thelr experlence In edutatlon to help develop ow currlculum and educatlon netsvorks.. worklng wlth employee5 10 support Neurod5verse staff; advocatlng ND employment through le8aS DEI networks and events and ensurlng sound flnanclal controls for us to dothls IMMI. Tha trustees hav• been dlll8ent In thelr shared undetstandln8 and aokncacy for the Chadtys purpose and h been effectlve In chall•n8ln8 Senlor L•aflers In thelr efficacy In dellverln8 these. The tfustees have ensured they carry out the oblettlves for the publlc beneflt and have Iln accordance wlth s17 Charltle5 Act 20111 had regard to Buldance publlshed by the Charlty CommlssSon on publlc beneflt when e¥erclsln8 powers or dutles where that may be relevant. The trustees Conlrm that they have complled wlth the r•qulrement5 of S•dlon 17 of th• c￿rItIeS Act 2011 to h4ve due regard to the publlc benefft 8uSdan¢• publlshed by th• Chlrlty Commlsslon for Enoland and Wales. So¢lalln*stm*ntpolld•s We are In re¢elpt of So¢l41 Investmeni from Charltles Ald Foundatlon. 1Srantfflaklnqpolkl•s We are a 8r•nt m•klni ￿d¥. Use olwluntee W• have enga8ed a total of 13 volunteers thls year from the sErateBlc Involvement of the TrU￿te5 and 8oard of Governors. We have also had Input from 55 Indusrry speaker5 at OISC, throu8h to Infom41 Industry mentors #nd work experSence partners. Page 5 txtyal Ad¥antsge TTustees' Report Performonce offvndrosing octivities agoinstobiecliwes set 4erall, we achieved the targets set out in tyjr b￿ne0 plan whilst uThlerperfomiiw¥ on our tsrgets for external fvndin8. The fundin8 environment for eduCa￿nal provi5K)n ￿aIrS extremely tight. Allied to this, the majorlty of our resources have gone into thecontinued d&￿0pment of DISC whKh has ex¢eeded ￿p￿￿tiOr6. lnvestmentperfom￿￿(e 0goinstobitt£i We nelthw sought rK>r rec•b*d addttional InVesth￿ durI￿thts p￿d. Innovotion. New Products ondServKes Our longknld ambff(￿n to set up a seCth￿ DISC site closer to realisath)n with approval In early 2025. We have identif￿d premises in Salford whth will open in September 2025. This will albw u5 to qrow our D15C Intern numbers from 43 to around 55 ￿ 25126. The new site wil house at least 2 of our tMSC intern pathways and enable us to expknre new service5 s￿h as an Accessitiilrty Testing Lab with other partnèrs- both d1veN￿n￿ our services and intome lines. We offer 2 iehned andfi¥JJsed senites ￿. arKI aud￿. DWtal Sworted Ihtenthlp DISC our specialist post-16 institutlon for youro people with EHCfv age 1&24. prowdes appropriate supported routes to young people to help them orn barriers to employment in the di8rtal economy. Students are based fvlktime in our ditsl agency uwironm&rt working with u5 to d￿eloP their professional prattice and industry Sk￿1* Tlw ￿￿k on lfve brlds for business partner5 keen to prowde employmejft opportunitie5 goin8fonvard. We havè refined the delivery rnodel to Contain 4 pathways for young pwje: o Fourhdation 1- 3 days per week to build digitsl sknlLs Indep￿dence o Foundation 2- 4 days per week where work on rfigrtal briefs wlM¢h devdop employability sbll o Gateway- a 4-dayc(MJrse designed to embed professw)tial foundations awide preparin8 interns for •Julthood a5they near the lob market and independence o Supported Intwnship-a on+ye¥ progwornTh* 5UppOrtuw￿UnS people Into paid empk)yff￿t. Our progresson r*es We￿ excellent WTth 7 out of 8 ￿ppOrted Intems nmmng onto P)Sitiwè destinations- fvrthtr or hi8her education.- and a further 29 Foundationl. F¢yJndation 2 and Gateffj leamers swressing within DISC or FE elsewhere. Your DNA Your Di8ital News A8ency is a programme for Sch￿￿, col*ès and community8roup5 and isde5i8ned to provide the skills needed to create great stories about topitsthat rnean ? lottothe partlcipant. We prowde all the skllls needed to develop and tell stories from a Comn￿nIty. de4tk>p a website and brand, whllst de¥eloplngthe skll w)u need to get work in the dI￿t￿ ￿h￿n¥. Whilst fundln8 has remalned ti8hL has been a popular programmeTMth SEND Schools and colle8e5. Your O has been ourpredonynant outreach delNery settin& re￿h11￿ 140 young people ths year-cornpri5ed from 6 cohorts in Greater MancheAer and 8 cohorts In Lancashire. p￿e6 Digital Advantsge Trustees, Report FI￿nc￿l revlew At the end of the financial year to 31 july 2025, Di8ltal Advanta8e remalns In a stron8 and stable financial position. We generated a totsl incorre of £1,265,19512024.'£909,2291, demonstratln8 (Ortlnued 8TOWth and reflectin8 the positive impart of our work. After coverin8 all operational and dellvery costs, we achieved a surplus of £14,076 12024.. £4S,8371 which will be relnvested Into the charltvs future development and dellvery. As of 31 July 2025, our totsl reserves stood at £28,94512024'. £30,634) comprlslng In restTlcted funds Iwhlch are commltted to 5peclflc prolects or purposes In the comlng yearl, and £19,86112024.' £4,0961 In unrestrlcted funds, whlch support the day-to4ay runnln8 of the charlty. It remalns our alm to Brow our unrestrScted reserves over tlme, In Ilne wlth our reserves pollcy. to provlde greater lon8-term securlty and flemlblllty. The chaTlty Ss well-posltloned to contlnue Its posltlve flnanclal trajectory. We expect Income to 8row a8aln In the flnanclal year endln8 31 July 2026. malntalnlng the rteady upward trend we've seen year on yvr. Th6s Irowth wlll also help us move closer to meetlng our re$erves target by the end of FY27. Whlle we have some exlstln8 loans, these were taken out dudn8 the Inltlal setup of our college provlslon and are structured wlth clear repayment plans. Importantly. all current and planned groW(h Is beln8 funded throu8h our own reseThes, wlth no rellance on external fundln8 requlred. Lookln8 ahead. our financlal plans for the next two year% whlch Includes settln8 up our sernnd slte, shows further 8fQWth whlle remalnlng finan¢lally su5t?Inable. Thls approach ensures we can contlnue dellverfn8 hlgh-quallty serylces and exp•nd our reach. all whlle workln8 towards the lon84erm flnanclal 8oals Set out In our re5er¥e5 polky. PoN¢y on resmvs Th• tru5te•s have set a r￿erVeS poll¢y that targets a holdln8 of unrestrkted free reg•rves equal to at l•ast thrae mnths of tspendlture. The trustees reco8nlse that •ny reserve5 w511 take tlme to bulld and hope to xhleve thls target over a 3.5 year perlod. The charlty malntalns reserves to ensure It can contlnue to meet Its commltments and operate effe¢tlvety, even In Ihe event of short-term flnanclal fluctuatlons. The malorlty of our reserves are restrlcted fund$1£28,9451, whlch have been recelved for speclflc purpo￿ and wlll be utlllsed In the followln8 ffln¥ncl•l year In attord•nce wlth donor restrlctions. We also hold a small amount of unrestrlcted funds1£19,8611 whlch seNe as essentlal worklna capltal. These funds provlde lexlblllty for the day-ttrd8y operatlons of the charlty and SUPF)Ort the contlnulty of our servlces, enabllr us to respond Prompt￿ to any unloreseen expenses OT delays In fundln8. Our alrn Is to krow the level of unrestrlcted reserves over tlme, In Ilne wlth our reseples poll¢y, to strengthen our hnanclal res11len￿ and sUPPOrt long-temi sustaln?blllty. Our reserve5 pollcy15 revlewed annually to ensure that the levels held remaln approprlate to the chartys nee¢ts and obllgatiorng. Page 7 Dlgltal Advantage Trustees, Report Fuftds ln defttt There ale no funds In deflclt. Prlnclpalfvnthp swr¢es The prlnclp•l Source of fvndlng Is for DISC ESFA and Local Authorfty fundln8. thth7stmefttpoNty ondDbJecrfves We recelved a Soclal Investment loan from CAF. Thls Nns tlll 2028. We have no plans to extend thbs at the present tlme. PI•Mlorfuture pwlodj Alms andkey•¥ertlvesfvrfvture perlods We contlnue to and wlll contlnue to employ an edu¢atlon consultant worklng weekly wlth thè team, to undertake a Quallty Assurance programme whlch Is operatlona115ed through the ongoln8 Collegè Improvement Plan ICIPI. We have also brought In speclallsts In 5afeguardln8 and TeachSng and Leamlna to Improve our systems practlc• and evld•nce recordln8. Expènslon to a new slte In Salford wlth measures belng taken to •nsur• the Charlty fulftls Its rqulatory obll8atlons and flnanclal requlrements. All stakeholder5 Includln8 ESFA and Local Authorltl•s ar• enga8ed In conversatlons about thls ojpanslon. Also needs slgnfflcant Investment In IT for safe8uardlna and future proofins as well as physlcal set up. fjolng ¢onurn The tTUSt•e5 are sat6sfied that the ¢h)rlty remalns a 8oln8 concem for a perlod In excesg oltwdve months, Credknr paynwrt polky Involces are pald In xwrdance wlth the requested payment temis. DIKlosurn ollntorniatlon to •udltor Each trustee has tsken Steps that they ought to have taken as a trustee In order to make themselves aware of anv relevant autht Informatlon and to e5tab115h that th• charlty's audltor Is aware of that Informatlon. The trustees conflrm that there Ss no rdevant Infomiatlon thatthey know of and of whlch they know the audltor Is unaware. R•apOntsnent of •udltor The audltors The Moffatts Partnershlp LLP are deemed to be reappolnted under section 487121 of the Companles Act 2¢JJ6. Pa8e 8 Dlgltal Advantage Trustees, Report The annual report was approved bythetrustees of the ch?rlty on 24 February 2026 and 5i8ned on its behalf by. Mrjames Davles Chalrman and trustee Page 9 Dlgltal Advantage ststement of Trustees, Responslbllltles Thè trustees are responslble for preparing the trustees, report and the financial statements In accordance with the United Kingdom Accountlng Stsndar(Js (United ￿n8￿0M Generalty A¢¢epted Accountin8 Practlcel and applicable law and re8ulatlons. The law appllcable to tharitles requires the trustees to prepare financial statements for eath financial year which 81ve a true and falr vlew of the state of affalrs of the charty and of the Incomlng resources and appllcathjn of resoLtr¢es otthe charity for that perlod. In preparin8 these financlal statements, thetrustees are required to: selert sultable accountlng policie5 and then apply them consistently; obse¥ve the methods and principles in the Charities SORP,. make judgements and estimatès that are reasonable and prudent.. state whether applicable accountin8 Standards have been foilowed. sublect to any material departures dlsclosed and explained in the financial statements,. and prepare the financial statements on the going toncem basls unless It is inappropriate to presume that the charity will continue in buslness. The trustees are responsSble for ￿ep]I¥ proper accovntlng re¢ords that disclose wth rèasonable accuracy at any time the finanual ptssititsn of the charlty and enable them to ensure that the financial statements comply wlth the Charities Art 2011, the Charlties (Accounts and Reports) Re8ulatlons 2008, and the provlslons of the constitutlon. The trustees are also responslble for safeguarding the assets of thè tharity and hence for tsklng reasonablè steps for the preventSon and detettlon of fraud and other irregularitles. The tnjstees are respon51ble for the maintenance and Integrlty of the corporate and financlal Snformation Included on the charitable companws website. Legislation 8overnlng the preparation and dissemlnatkjn of financlal statements may differ from legislation in other jurisdictlons. Approved bythe trustees of the charity on 24 February 2026 and si8nth4 on its behalf by: Mr lame5 Davies airman and trustee Pa8e 10 Digltal Advantage Independent Audltoes Report to the Members of Dlgltal Advantage Oplnlon We have audited the financial statements of Digital ￿antsee (the 'charity'l for the year ended 31 Juty 2025, which ¢omprise the Statement of Financlal Activltles, Balance Sheet. Cash Flow Statement, and Notes to the Finandal Statements, includin8 a sumrnary of slBnlflcant accountln8 polkles. The flnancial reportin8 framework that has been applied in their preparation is Unlted Kingdom Accountlng Standards, comprfslnB Charities SORP - FRS 102 The Financial ReportSnB standard appllcable Sn the UK and Republic of Ireland, and appllcable law Iunlted n8dom Generally ￿cepted Accountln8 Practice). In our oplnton the financlal statemerts.. live a true and fair view of the state of the charity'5 affairs as at 31 July 2025 and of its incoming resources and application of resources, includin8 Its Income and expendlture, forthe year then ended- havè been propedy prepared in aCCQfdznce wlth United Kin8doffj GenerallyAccwted Atcounting Pr￿￿e. and have been prepared in accordance wlth the requlrements of the Charftles Act 2011. Basls for oplnlon We conducted our audlt In accordance with Internatlonal Standards on Auditing IUK) IISAS IUKII and appllcable law. Our responsibllttles under those standards are further dexribed in the auditor respKJnslbllltles for the audlt of the flnancial statements section of our report. We are Independent of the charity In accordance wlth the ethlcal requlrements that are relevant to our audit of the finan¢Tral sratements in the UK, IncludSng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtalned Is sufficient and approprlateto prLwlde a basis for our opinion. Other Matter The charity's finarKlal statements for the year ended 31st July 2024 were not aUd￿ed. Therefore. the orrespondlr6 figure5 shown for the year ended 3tst July 2024 are unaudtted. Conduslons relatlng togolng conom In auditlngthe finan¢lal statements, we have concluded that thetrustee5 use of thegoing ¢Mcem basis of a¢countlng In the preparatlon of the financlal statements is approprlate. Based on the work we have performed we have not Identified any material uncertainties relatlngto events or condltlonsthaL Individually orcollectively, may cast 5ignifficant doubt on the charty's ability to continue as a golng ¢on¢wn for a period of at least tsvelve ￿0)nthS from when the 0ri8lnal finan(lal statements were authorised for issue. Our responsibllltles and the reSpon￿bIlItIeS of the trustees with respect to zoing concem are descrlbed in the relevant stttlons of thls report. Othèr Informatlon The trustees are responslble for the other Informatlon. The other informatlon coryirfses the Infomiation Included in the annual report, other than the financlal statements and ovr auditorfs report thereon. Our opinion on the Nnanclal statements does not C￿er the other InfOrMa￿On and, except to the exr&tt otherwlse expllcitly stated in our repoo we do not express ariy form of assurance conclusion thèreon. Pa8e 11 Dltsl Adv Independert Audltort Report to the Member5 of Dlgltal Advantsge In connecti(>n wlth our audff¢ of the finarKial staternerts, ow reS￿nSIbIlIty Ls to read the other Inforniatlon and, In doin8 so, consjder whether the other Infom￿ti{Jn Is materfally l1xo￿lsteni the f(nanclal statements or our knowled8e obtaSned In the audlt or otheThvlse appears to be materially misstated. IF we identify s￿h material Inconslstencles or apparent materfal mIsstat￿)entI we are required to detemiine whether there Is a materlal mlsstatement In the financial statemthts or J rnaterial misstatement of the other Infom)atlon. If, based on the work we have perfomied, we corKlude that there is • materlal misstat*mEnt of thls other inforrnation, we are r•qulred to report that fxL We have nothln8to report Sn thLs r•8ard. M•tters on whlth we •r¢ requlred to report by ex¢eWkn In the Ilght of our knowled8e and Unde￿￿ndIng of the chth ￿ its ertvlronment obt•lned In the CoU￿t of the audSL we hab* not Identffied materfal mlsstat*nents In the Trustees. Report. We have nothin8 to report In respert of the fol￿WIng matters where the Charttles IAc¢wnts Jnd Report) Re8ulatlon5 21108 requlres us to report toyou ff, In our oplnlon.. adequate a¢countln8 rrfords rK)t been kept. or retums adeqwt• for our aud￿ not b•en r•celved from br¥n¢hes not vtslted us: or the financlal stat•ments are not In a8re•mnt *rfth th••ccountlrq retords •nd rrfums; or cortaln dlsclosures oftrustees remurthtlon ¥boclfied by law ¥• N)tmMle: or we have not rttelved all the knftymatk)n expl¥wtlMsw• r•qulr• for Ouf audlt. R•sponslbllllle5 oltrusteeg AJ explalned rrA)re lully In the Stsiement of YfUStees' Resp￿￿￿1th5 lset out on p4e 101, the trustees are respon51ble for the preparatlon of the financlal statements and for belng satisfied that they gl¥e a true and folr vlew. and for S￿h Intemal ￿ntrol as the trustee5 det*rn)Ine Is ne¢*s$4ry to enoble the of flnandal statements th•t are free from materlal mlsstatemeni whether duè to fraud or error. In preparln8 the hnan¢lal stalen￿￿ the trusttts are responslble for assesslrq th• charlty's ablllty to contlnu• as golng concem, dls¢losln& as appli¢able, matters related to #oln8 corKem and usln8 the 8oln8 concern basls of accountlni unless the trustees either Intend to liwld•te the chwlty or to c•asa operatlon% or hwe nc• wllgtk ternatlve but to do $0. Audltor AuponsI￿lI11•$ forth• audtt of th•lln•ncl•l stht•mnts C￿1 obltttlves are to obtaln reasonable assurance alx*ut the financial statements as • whole are free from materfal M￿ttatem￿ whether due to or error. and to Issue an audltorf5 reF4)rt that Includes our oplnlon. Reasonable assuratte is a high lertl of assurarte. but is not a luarantee that an audlt conducted In 4ccordance w￿h I&As IUXI wlll ah¥ays detect a material misstatement when It exlsts. Mlsstatements can )rfse from fraud or error and are considered material if, indi¥ldualfy or in the a8Nre8ate. they could leas0￿￿V be expected to Inftuence the economlc declslons of USQfS taken on thè basis of these fina￿la1 5tsternents. The extent to whlch our pr￿￿re5 ￿(aPable ofdetectiiry Irre8ularides. I￿lUdIng fraud is detalled bebw: Pale 12 Dl&tal Advantage Independent Auditor's Report to the Members of Digitsl Advanlage Irregularltles, InCI￿lIng fraud, a￿ instances of nofy¢ompllaft¢e with laws and regulation> We desF8n procedures In line wth our responsibilitie5. Outlined abow to detert materlal mlsrtatements in respect of irreÈularitle% Includin8 fraud. Based on our understanding of the companyj we identSfted that the prfnciple rfsks of non-compllance wlth laws and re8ul*ions ￿lated to breaches of the legal and ￿gUlatOry framework that the company operates In. We considered the extent to which non-compliance might have a material effect on the financial statements. The key laws and regulatlons we constdered In thls context included Charitles Act 2011, Employment Law. Heath and Safety and Tax Le8islation. In response to the rlsk of Irregularltles and non-compllance wlth laws and reBulation5, we de5yed procedures whSch Included, butwere not Ilmlted to.. Revlewing financial statement disdosures and testlng to 5UPPOrting do¢umentatyon to assess compllance wlth •ppli¢able laws and regulations; and enqulrlnB of management as to actual and potentlal Iltlgatlon and claim Our approach to Sdentlfylng and assesslng the rlsks of materlal mlsstatement In reSp￿t of Irregularltles. IrKludln8 fraud and non•compllance wlth laws and regulations, was as folltsws-. Dtscusslons wlth management afid those ¢haoed wtth govemance In relation to known Of suspetted In￿nceS of non-compliance wlth laws and re8ulatlons and fraud. the engagement partner ertsured that the engagement team collectryety had the appropriate ￿Mpetence, capabilities and ski115 to identify or reco8nise non-compliance wlth appllcable laws and regulations; idèntified laws and re8ulations were communlcated wlthin the audit tèam regularty and the team remalned alert to in5tance5 of non-compllance throu8houtthe audit. We assessed the sus¢eptibilty ofthe companlsfinancl?I statementsto material msstatemen( Includln8obtalnlnB an understanding of how fraud mlBht occur, by.. makln8 enquirles of management as to where they considered there was 5uxeptibility to fraud, their knowledBe of actual suspected and alleged fraud.. and considerlng the Internal Contro￿ in place to mitigate Ti5k5 of fraud and non P4e 17 Dlgltal Advantage Notes to the Flnanclal Statements for the Year Ended 31 July 2025 l Ac¢wniinK pollcles ststem•ntof compllance The flnanclal statements have been prepared In accordancè wlth the second edltSon of the Charltle$ Statement of Recommended Practlcelssued In October 2019, the Flnanclal Reportln8 Standard appltcable In the Unlted Klngdom and Republlc of Ireland IFRS 1021 and the Cha￿tIes Art 2011. B•slg of preparntlon Olgltal Advanta8è meets the deflnltlon of a publlc benefti entlty undor FRS 102. The accounts Iflnanclal ststementsl havè been prepared under the hlstorlcal cost conventlon wlth Item5 Teco8n15ed at cost or transactlon value unless othernlse stated In the relevant notelsl to these a¢¢ounts. GOI￿ concorn The flnanclal statements have been prepared on a 80Sn8 concern b351s. The trustees conflrm that there ar¢ no mbtwlal uncertalntle5 about the charltvs ablllty to contlnue foi at least 12 months from the date of approval. The trusiees asse$5 whether th• use of 8olng concern Is approprlate l.e. whether there a￿ any materfal un¢ertalntSes related to events or ¢ondiilons that may cast sIBnlficant doubt on the ablllty of the charlty to contlnue as a 8oln8 concem. The trustees make th15 assessment In r•spect of a perlod of one year from the date of approval of the flnan¢l•l statements, Adlustln8 events•ft•rth• fln•nd•l P•flod Andrew Lovatt stepped back from hls role on 16 May 2025 and, followln8 a perlod of speclal leave and 8arden leave, hls employment twmlnated on 25 December 2025. As part of hls Settlement agreement slgned 2nd July 2025. It wa5 a8reed that hè would TeceSve a temilnatlon p•yrnent equal to one month's salary. The trustees determlned that a constructlve obllgatlon exlsted at the reportln8 date and thèrelore an accrual has been brought In for the total cost to the employer of the employee'5 remuneratlon, ben•flts and ttrmlnatlon payment. J¥d8•m•nts There ware no lud8ements made In the year. Koy mur¢￿ otesOmwlk¥n uncertalnty There were no keysources of estlmatlon uncertalnty made In the year. lft¢ome and endowments Voluntary In¢ome Includln8 donatlons, 8lfts legacles and grants that provlde core fundlng or are of a 8eneral naturè Is re¢ognlsed when the charlty has entltlemènt to the Income, It Is probable that the Income wlll be re¢elved and the ar￿UTht can be measured wlth sufficlent rellablllty. Page 18 Dlgltal Advantage Notes to the Flnanclal Statements for the Year Ended 31 July 2025 Dontxlons oftdlegtxles r)onation5 and le8acles a￿ recogn5sed on a fecelvable basls when recelpt Is probable and the amount can be rellably measured. Grants are re¢oBnlsed when the ¢harfty has an •rtitlement to the fvnds and any condltlons 1Snked to the 8rants have been met. Where performarKe conditions are attached to the grant and are yet to be meL the Income Is recognlsed as a Ilabllity and included on the balance sheet as deferred income to be released. Where entttlement occurs before Income Is re¢elved. the Income Is acc￿d. All capitsl 8rants received are reco8ni5ed in the SOFA and credited to a separate restricted fvnd where there are re5trKtion5 on the fu￿re use of the fund. Deftrredln¢ome Deferred Income represents amounts recefved for future periods and Is released to Incomlr8 re9)urces In the perlod for which. It has been received. Such income Is onty deferred when: - The donor speclfles that the grant or donation must only be used in future acCoun￿ng perlods,. or - The donot has Imposed condttions whl¢h must be met before the charity has unconditional entitlement. Investmentlncome Dlvldends are re¢ognlsed once the dividend has been declared and notificailon has been recelved of the dfvldend due. th¢7rtt4ble qrtlvltks The charftys princlpal activlty Is the prO￿s1on of speclallst education and support for learners vAth Special Educatlonal Needs and DSsablllties ISENDI. The majorlty of Income Is recelved from the Departmert for Education IDIEI and Local Authorlties thrO￿h the high needs fvndlng Syste￿ comprtslng Element L Elemert 2. and Element 3 funding. Irrtome from edueafjon-related attlvitles is retO8nlsed when: the charity has entitlement to the funding,. - rrfeipt Is Probable,. - and the amount can be rellabty measured. Element l and 2 fundlng Is recogn5sed over the academlc year to which it ￿lates. Element 3 Ito*upl fundlng Is recognised in line with the delivery of individual supporr ond provlslon a8reed wlth each Local Authorlty. Any amounts relatSng to services not yet provided at thè reporting date are included as deferred Incom wlthln cred￿Or5. Pa8e 19 Notes to the Anandal Statements forthe Year Ended 31 July 2025 Expendlttve All expendlture is recognised ontè there is a legal or constructr¥e obtigation to th* expenditure, it is probable settlement is required and the amount can be m&isured reliabty. All costs are allocated to the appllcable expendlture heading that aggr4ate yrnilar costs to that cate80ry. Where Costs Cannot be directty attributed to partlcular l*adrngs they have IRen all(￿ated on a ba&s consiwt with the use of resour￿. wlth central staff Costs zllocoted on the basis of time spent. and depre¢i*b)n th￿e5 alkxated on the portion of the a55eVs use. Other yjpport costs are all￿ted based on the sprea(l of staff costs. aw5tsble expend6ture comprtses those costs irKurred ￿the(harIty In the deli¥ay of its ¥ti￿￿*S and seryi¢es for its benetkiaries. ft Includes both coststhat ￿ be all(Kated (fjrectyto such a￿]VitIeS and those Costs of an indirttt nature nttessaryto support them. These Indude the costs attritmrtable to the chari￿5 compfiance with constitutional a￿1 Statutory requiremen Including audit. strategic mana¥ement and trustees Me￿Ing5 and reimlwtsed expenses. Taxatlon The charity Is tonydered to Pass the tests set ￿t in par￿ph I Schedule 6 of the FiTran￿ Art 2010 and therefore it mèets the definition of a charitsble compary for UK C(￿•rath￿ tsx purposes. Accord1￿￿, the charlty Is potentially exempt from taxation in respect of I￿orne or tapital gain5 recel%*d wlthln categorles c￿ere￿ by Chapter 3 Part 11 ofthe Corporatlon Tax Act 2010 or SÈtlitin 256 of the Taxakn of (har8eable Gains Act 1992. to the extert that such income or 8alr6 are applied eXclusi￿V to charrtable purpose5. Goodwlll Goodwill is amoitsed tw its useftd whKh shall not exceed ten ￿r5 if a retiable estlmate of the useful Ilfe cannot be made. TanSIb￿llXed assets Indmdual fixed assets costire £1(￿￿ or are inTEialy rttorded at COSL Depreoation t5 promded on tsngible fixed assets so asto write off thecost orvahJat*)n. less anyestlmated resldual value. over their exwed useful economic lrfe as follows.. Page 20 Notes to the Financial Statements for the Year Ended 31 July 2025 Assetd? Office equlpment Computer equlprrtht Leasehold Improvemw 20% straight Ilne basls 25% #raight Ilne basls 33% strnlght Ilne basls Tr•de del)torJ Trnd• debtors and othw debtors are re¢o8nlsed *thè settlement •YKMJrt due afteratytradedlscountoffered. Prepayments arevaI￿d * the amourt prepakl net of •ty trade dts¢0w￿￿￿. C•th and equlv•lonts Cash and cash equfvalents comprlse cash on and cam de￿￿￿ts, and othershort.twrn hlthly Ilquld Investments that are readlty convertlble to a known amount of cash and are sublect to an {n￿snthC*nt rtskof change In value. Tr•d* ￿ed￿or5 Credltors and provlslons ￿ recosnlsed t*here the c￿rIty has • sxesent obllpthn resuttlng from • past event th wlll probably result In the transfer of funds to a thlrd party and thè amcxtht due to settle the obll8atlon can measured or estlmated rellably. Cred￿01$ and prty4lslons •re ncfflwlty reCo￿lsed •t thelr settlem￿ amount •ft•r allowln8 for anytrade dlscounts due. lrterest-bearln8 borrowtnqs are Inftlalty recorded at falr valu¢ net of trinsacUon costs. Interesr-bearln8 borrowln8s are subsequently carrled at amortised COL vAth the dlff¢ren¢e betr*een th• proce•d5, net ol transactlon costs, and the amount due on redempdon bel￿ recothsed •$ a charge to the StateThnt of Fln4ncl•l Acifvlties over the perlod of the relevant borrowl lrterest expense Is rKo￿tsed ￿ the b•s15 of the effe¢the Interest mEthod and Is Induded In Interest pgyable and slmllar ¢har8es. Borrowln85 are classlfled as current Ilabllitles unless the charlty has an uncondStlon41 rf8ht to defer settlement of the Ilablllty for at least twelve nb)nths after the repc+rtir6 date. Fund strurt￿re Unrestrlcted funds are avallable for use * the dbcretk>n of the tnJstee5 In furthernKe of the senwal oblectlves of the charlty and whlch have not been desl8n*ed for other purposes. Desl8nated funds comprfse unrestrkted fvndsthat be￿ set a￿de bythe trustees for partlculor wrposes. The alm and use of each desl8nated fund155et out In the rx¥tes to the FInar￿la1 statements. Restrfrted fvnds are fvnds whkh are to be used In accordan￿ wlth specllk reStrIcth￿ IM￿￿j by donors. The alms of the restrlcted funds are set out In the notes iothe Flnanclal statements. e21 Athrnntage Notes to the Fknanclaj Statements for the Y&v Ended 31 Juty 2025 The charity opwates a deflned contribution pension stheme which ￿ a penslon plan undw whkh fixed contrlbutlons are paid into a pensi¢)n fund and the dwity has no 14al or constrw￿ obligation to pay ftjrther contrlbutlons &en if the fund does not hold 5uffi(ient assets to pay 311 ernpkiyee5 the benefrt5 ielating to empltrfft 5eMce in the￿Irert and prlorperSLKts. ContrfbutSons to defined contribution plans are reccyi5ed in the Ststement of Finanoal knties when they are due. IfcontrTrbutlon paYr￿lts exceed the (OntritrArtm￿ dut for Ser￿ the excess is re£ognlsed as a prepayment. Flnancial a5*ts and finonclal Ilab115tles are reCO￿￿e￿ when the tharity becomes a party to contractual provisions of the instrument. Flnanclal liabilities and equFty instruffents are classifled according to the substance of the cortractual arrangements entÈred into. An ￿Ulty 1￿Mert is any cortrxt that eviderxes a residual interest In the assets of the charFty aftèr deductrng all of its liabilities. All ffinarKial assets Jnd liabilities are initralty at transxtion wicè fIn¢￿di￿ tran5artion costs), except for tho* financial assets classified a5 at fair value through or loss. which are initially measured at falr value (which is norn￿1￿ the ￿n5￿￿)n price exdudin8 transattion c05ts1. unless the arran8emerit cOnSt￿uteS financin8 transaction. If an arrangeM￿t constituiÈS a ffinanci￿ tran5attion, the financlal asset or financial liability is mea9Jred at the present value of the future pa￿l￿ts 1Sxounted at a market r*e of interest for a similar debt InstrumenL Flnancial assets and liabilities are onty offset in she statement of positlon when. and only when thtre sts a lÈgalty tnlDrceable rtght to Set off the reco8n15ed amounts and the charity intends either to settie on a net basis, orto realise the asset and settle the liabilty Sirnultaneo￿ty. Financial a55ets arederwised when and only when althe¢ontra¢ttBI ri8hts to the cash fiowsfrom the fina￿[al asset explre or are setded, bl the charity trath to another party substantlalfy all of the risks and rewards of ownershlp of the financial asseL or cl the Charity. despite h3vin8 retsined ￿rne. but all. 5iBnificant risks and rewards of ownership. has transferred control of the asset to another partv. Flnan¢ial liabilities are dwecognised onty ¥then the otrwn spttified in the cortratt is dixhaoed, cancelled or expires. Page 22 Dl81tsl Advantage Notes to the Hnancl* Statements forthe Year Ended 31 July 2025 2 Inrnfrorn donatlons and l•ydas fur Totsl Total fvnds Donatlons and legacies: Donatlons from Indmduals Grants, including capital 8rants.. G0vemm￿t grants Grants from other tharltles Xl.810 $0,810 io.cN)) 30,634 iO.LK 10.643 50,810 61.453 37,274 Grants from the government incI￿￿ed £30.634 of restrkted im)me ￿ the wor perlod. All other income from donations legacies in the prior period was unrestritt￿. rth Genwal Totsl Total 2024 IrKome from tralnln8and education provision Other in¢ome lrtome from lett0￿ of I￿n- in¥estmert propErty L203.742 1.203.742 870.CQ9 255 L203.742 1.203.742 87L952 All income from tharitable actiwtyes in the prior period wa5 unrestricted. of whirh £497.17212024: £2895821 was 1&19 educzth?n fundin8 from the Department of Educatron lo￿1. Totsl 2025 lrtere5t ocer¥able artd sirrylar irKom Interest receivablè on bank d*Fwts All investment irKorr* in pericKI was unrestrKted. e23 al Advantage Notes to the Flnanclal Statements for the Year Ended 31 July 2025 funds G•n•r•l Tot•1 2025 Totsl 2024 Wa8es and salarles Tralnoni and workshops Premlses expenses Ir￿uranCe T•￿Phone PrSntlrq and statlty*ry tr￿sIn8 and MaTketln8 IT¢osts Subscrlptlon$ St4ff tr4lnl Staff Medkal Insurar Staff EntertaInm￿t Travel costs Office costs D•preclatlon Loan Inter•st Charlt¥ble DOn￿On$ 84d Debt Governance costs 755291 13.688 768.979 95.683 152,458 6,394 4.675 2.078 581,466 76,013 78x167 2,379 152.458 6394 4.675 2.078 1.602 3.784 15,733 8,761 6￿7> 30.306 146 146 1759 1759 L085 9,248 19.443 28,736 9,248 11952 28.736 S,723 6,581 18.687 8A77 790 6.491 2fy) 522 lo3￿32 260 522 103.532 43.244 L212.140 38,979 L25L119 863,392 All expendlture In the prlor pertod rekted to unreswkwl fvnds. P4e 24 gltal Advantage Notss to the Flnartkil Statements for the Year Ended 31 Juty 2025 nds General Totsl 2025 Totsl Audlt fee5 Audit of thefinancial statements Other fees paid to auditors Independent examinerfee5 Examlnatjon ofthe flnanclal Aatements Le8al fee5 Other goveman¢e ¢osts 2,052 24.584 16,608 5&670 34.918 58.670 34.918 103.532 103.532 43,244 2025 2024 of thefinancial statements Oth•rfe•s to a￿lItar9 All other non.autlit seThices 8 Independent exarnlnees remumrat 2015 Examination ofthefirwnclal 5tatew*nts 1052 9 Net Incom1￿10￿￿0kn￿ I•￿Ur( Net incomiryg resources forthe year indude: Audit fee5 DePred￿lOn of fixed assets 28.735 18,687 P4e 25 Dlgltal Advants8e Notes to the Flnanclal Statements for the Year Ended 31 July 2025 10 Trngtees remunerntlon 4nd expenses Ourlng the year the charlty made the followlng transattlons wlth trustees: MN N￿fft1 Louls• Tlmperley Mrs Naoml LoulseTlmpertLry recelved remuner•tlon of £1.60012024: £NIII durln8 the year. Aemuneratlon has been pald for tralnlng servkes pro￿￿ed to the charlty and not In thelr capaclty as a trustee. Thls Is pemltted by the charlty's ¢onstl¢utlon. Mr B•ck Crtxnack-Houih Mr B¢¢k Cromxk-Hou8h r•c•fved romuneratlon of E3,74712024'. £3,528) durfn8 the year. Remuneratlon has been pald for dellvertn8 soclil medl4, marketlni servlces to the charlty and not In thelr capx Is a trust•e. Thls Is pemiltt•d by th• charlty's constltutlon. Athley Boro Ashley Bofoda recelved remuneratlon of £1,70512024'. £4951 durln8 the year. Remuneratlon has been pald for tralnln8 servkes prO￿ded to the charlty and not In thelr capxlty as • trustee. Thls Is p•rmltted by th• ¢h•rlV$ constltutlon. Mlu DlaM MAV Aknsworth Mlss Dlane May Alnsworth recelved remuneratlon of £9,87512024'. £NIII durlni the y¢4r. Remuneratlon ￿$ been pald for dtlfverln8 educatlonal consultancy to the charlty and Tr)t In thelr capo¢1ty 8$ trustee. Thls Is permltted by the chbrlty's constltutlon. No trustees have rffelved any relmbursed expenses or any other benefits from the charlty durlngthe yelr. Page 26 Notes to the Hnanclal Statements for the Year Ended 31 July 2025 11 Staft costs 2025 Staff tosts durlngtheytsr were: Wages and salaries Social security costs PenS￿D costs 686,016 64,258 18,705 524.398 45.376 11,693 768.979 581.467 The monthly average number of person5 {inclwlin8 sen￿r M￿aSement I leadership team) employed by the charity duringtheyear expressed as full time equlva￿nts vlas as foll 2025 Senlor management team AdmInIst￿on 17 13 18 1212024- 121 of the aiK>Ye ￿p￿yeeS patitipatèd in the Mned Contributton Pension Sthemes. Durin8 the year, the tharity made redundary and10rterml￿oon paymentswhkh totalled £32.06812024- £NIII. The number of employees whose e￿￿)luMents fdl within the followi￿ bands was: £60.001- £70,0￿) The total employee beneffts of thekey managwnent P￿￿)nnel of the charltywere £325.74412024- £279,893). The chlef executfve officer, as the hightst paid nw)bw of staff. re¢a¥ed bptheffts totalling £98.284 12024 - £62.9391. 12 Tax#tlon The ch¥ity is a registered tharity and is therefore exempt from taxation. Pa8e 27 Dl•tsl Advan Notss to the Flnandal Slatements for the Year Ended 31 July 2025 Total At I Au8U5t 2024 At 31jU￿ 2025 Amortlmthn At 31Juty 2025 Net bookTrnk At 31Juty 2025 At 31 Juty 2024 Pa8e 28 LXBftal Advantsge Notes to the Flnancial Ststements for the Year Ended 31 July 2025 land ¥nd Fwthreand eq￿Pmerf Totsl C(ot At l August 2024 Addltlons 29953 47.125 29I96 77.078 36.146 At 31Juty 2025 36.203 77.021 113,224 At I AUgL￿ 2024 Charge for the year 15.237 16.668 25.221 28,736 .068 At 31 Juty2025 22.052 53,957 Net bookvalue At 31 Juty 2025 14.151 45.116 59.267 At 31 2024 31A88 5L857 Included within the net I￿k value of land t￿IldIn8$ alThe Is £Nil12024- £Nill In rwect of f￿ehOld land and bulldlngs and £14.15112024- £19,￿} in rÈspett of leaseholds. IS Debtors Trade debtors 5,825 21.872 4.876 9.248 7,463 8,436 Prepayments Accrued income Other debtors 16.324 44,021 30,023 Page 29 Dlgltal Advantage Notss to the Flnanclal Statements for the Year Ended 31 July 2025 16 Cmh and co$h eoulvalents 2015 Cash on hand Cash at bank 98 147,186 317A43 317,843 147,284 17 Crndllors: amounts tsWlnidu• wlthln one y••r 202S 2024 Tradè Credltors Other loans Other taxatlon and soclal stturlty Other credltors ¢ruals Deferred Income 35,280 30,036 49,585 111,478 38,667 21,210 28,151 4,206 L565 1,973 265.046 57,120 2025 2024 Oeferred Income it l August 2024 Resources deferred In the perlod Amounts ieleased from pr•vlous perlods 11,9731 11,9731 1,973 Deferred Sncom• at year •nd 1,973 The value of deferred Income relates to Local Authortty Element 3 fundln8 Income that has been recelved durln8 the year that relates to future perlods. 18 Cr¢dlton: amourts f4lllnidue •ftar on• 1025 2024 Other loan5 Othercredltors 63,307 43,973 93,343 43,972 107.280 137,315 Pa8e 30 Di￿ts1 Advantage Notes to the Flnanclal Statements for the Year Ended 31 July 2025 19 Obllgatlons und•rte•s•s and hlro Pu￿haS* contracts Operatln8 lease ¢omnthients Total future mlnlfflum lease payments under nonuncellable operat1￿ lease5 are as follows: 2025 Llnd and bulldln Wlthln one year Between one and flv• y••rs Afterflve years 126,046 190,000 3,958 90,005 82,S04 320,004 172,509 Th• new S ywr leas• taken lust before the year end In respect of the the Salford slte contalns i break cllusq allowlng the charlty to termlnate the lease on tsl luty 2028, subject io wiltten notlc•. M•n•8em•nt h•s I￿5$•d the Ilkellhood of therclsln8 the break clause and consIde￿ It not reasonably certaln that the break wlll ￿ tèk•n. As sucN the above commltments are dls¢losed to the full lease end date. 20 P•nik+n and oth•r ich•m•i D•fin•d ¢ontrlby¢lon p•nslon Kh¢m• The charlty operates a defined contrlbutlon pensk>n Scheme. The penslon c05t chir8e for the yeor represents contrlbutloN payable by the ch•rltyto the scheme and amounted to £18.70512024. £IL6931, 21 Commllrn•Thts C•psts1 eommltments At 31st july 2025 the charlty had capltal commltrnents contrarted for. conslstln8 of the purchase of computef hardware and screen5 as well as 8 full IT Infrastructure update In relation to the charltlq5 expan51on Into thelr new leased slte at Salford. These costs were lar8ely cover•d by the DfE Devolved Formula Fundln8 rKelved wlthln the ftnanclal year endln8 31st July 2025 of whlch the remalnln8 amount carrled forward as restrlcted fund5 at the year end totaled £28.946. The remalnln8 COSt15 exparted to be fundqd byth• unre5trlctsd res•rve5 held at theyear ond. The total afflount contracted for but not provlded In the flnanclal ￿aternents was £38,25012024- ÉNIII. Page 31 l Ad¥ants8e Notes to the Flnandal Statsments for the Year Ended 31 July 2025 22 Fub Balanceat r•souv¢w •xpend•d Trnnsf•rs 31 July2025 Geneml Unrestrirted Funds 1214.385 11.21L1401 .$20 19,861 trkthd fund% DfE Oewjfved Formula CapStal IDFCI The Acws Foundbtlon IL834 30,631 113,S201 28.945 lts.PJ)01 120.1791 Access to Work Grant 20.179 Totsl resvlrt•d fvfids 38.979 13.520 Totsl funds 34,730 L26S.1gS L251.119 48,806 Baknnte It I IM>mln8 Rffjourtes expended B•l•n¢• * 31 July 2024 Unrestrlcted Iwith Unrestrfcted Funds 111.1091 878.S95 1863,3901 ft••trfct•d DfE De￿￿ Fomiula tsplial IOFq The Access Foundatlon IL834 11,834 18,800 Totsl r•stylrf¢d funds 30.634 Totsl 11,109 1863.3901 0i8itsl Advantsge Notes to the FIna￿tal Statements forthe Year Ended 31 July 2025 The specific purposes for which the funds are to be applied we as folows: DfE Oe¥oW FOnnU￿ Capitsl - 8rants are probryded to sdKh)15 for (apitsl imwovew*ntS such a5 building repair% ICT equSpment Inot software). and securlty. ba￿￿ on pupll numbers and a fixed fee. fvjnds be used for revenue. ga)eral malntenanc¢ orstaff cost cess Found4￿rt Grant- f4mdingof 'DNA' progrorM* for SEND pu A¢¢w to Work Grants - a UK tovemment grnnt for ￿￿￿1. tailored support- s￿h as speclallst equlpmenL transpo¢ or supp)rt workers- when requIrw￿$ go t￿Y￿}d re3s¢rfMWe adjustments. Transkn have been made from the re5trKted fund to the unrestricted fwKI in resp&t of flxed assets fvnded by restrtted 8rants asthe restriction ￿miallYaPplie5Onty unknl the a5*t ￿ been xquir•J. Tot•1 fvnds at 31 July furK fund5 Intanglble fixed assets Tanglbte fixed assets Current assets 59.267 332.919 126S.0461 1107.280) 59,267 361.864 1265,0461 1107,280 28,945 Current liabiliti Creditors over l year Totsl net assets ,861 2&945 Totsl lunts al 31 Julv Genernl fvnd5 Intanglble fixed assets Tangible fixed assets Current assets SL857 154551 164,9981 1137,3151 5U57 185.185 164,9981 1137,315 30,634 Current liabSlltles Credttors l year Total net assets 30.634 34.730 Page 33 Dlgltal Advantage Notes to the Flnanclal Statements for the Year Ended 31 July 2025 24 Analys15 of netfuffjds At l July 2024 Flnan¢lng sh flows Other non ¢•sh ¢h•nBes At 31 Juty 2025 Cash at bank and in hand 147,284 128.1511 1137,3151 118.1821 170.559 317.843 Debt due within one year Debt due after more than one yeor 28,151 130,0361 30,036 130,0361 1107,2791 180528 Net Debt 198,710 At l Julv Flnandn8 ¢45h flows Other non cash char* At 31Juty 2024 Cash at bank and In hand 172,081 126,3841 1165,4661 119,7691 124,7971 26.384 147,284 128,1511 1137.3151 118,1821 Debt due wlthin one year Debt due after more than one year 128,1511 28,151 Net Debt 1587 25 Related yrtytr•nsartk+ns During the year the charrty rnadethefollowin8 related party transactions.. The Whlte Room Consuttancy Llmlted e CEO lor the flnanclal year is a dlrettorof the above compary.) In a prloryearThe Whlte Room conSu￿ancY Limited provlded loans to the charityto aS515t wlth cash flow. The loan has no requlrement for repayment untll July 2028 at the earfiest, it is therefore shown In note 18 wlthln other credltor& No repayments of this loan will be made untll the loan frorn the Charitles Ald Foundatlon has been fully repald. At the balartè sheet date the amount due to The Whitt Room Consultancy LIM￿ed was £43.97212024 - £43,9721. Pa8e 34