2025-08-31-accounts

Charity number.. 1193244 KITE COLLEGE Trustees, Report and Financial Statements For the Year Ended 31 August 2025

K￿E COLLEGE Contents Page R8fer8nc8 and Admlnlstratlve Details ol th• Charity. Its Trnstees and Advisers Trustees. Report Trust¢￿. R•$pon$ibllltl¢$ Ststtrmont Ind8p8nd8nt Audltors. Raport on thè Financlal Statèments Statement of Financial Activities 10-13 14 Balan¢• Sh¢tt 15 Stat•mont of Cash Flows 16 Notes to the Financial Statements 17-35

K￿E COLLEGE Ref¢ren¢e and Admlnistrative Detall$ of the Charity. its Trusts¢$ and Advl$ers For th• Yèar End￿ 31 August 2025 Trustee$ Bob Law. Chair Josephine Campbell Iresigned 15 July 20251 John Saville Bentley Simon Bounds (resigned 4 December 20241 Nikki Clark Timothy O'connor Stephanie Baiardo Rose Bradley Pam Jones Neil Paul Iresigned 31 December 20241 Emma Harvey Joanne Olagbowa Nicola Petri Emma Gray lappoinled 4 December 2024} Neil Rees-oavies lappxjinted 9 October 20241 Charlty r8glst•r•d numb8r 1193244 PrlncSpal offlc• Unil 18onham Drive Eurolink Business Park Sittingboume Kent ME103RY Senlor Managemont Tèam S. Miller- Principal H. Cardy- College Busirbess Manager A. Websper- Deputy Head S. Cumming- Deputy Head S. Murphy- 08puty Head Indopond•nt audltor8 Xeinadin Audit Limited Chartered Accountants Slatulory Auditor 12 Conqueror Court Sittingboume Kent ME10 5BH Page 1

K￿E COLLEGE Tw$tee$' R¢p¢rt For th• Yèar End￿ 31 August 2025 The Trustees present their annual report together with the financial statements and auditorfs report of the charitable company for the year 1 September 2024 to 31 August 2025. The Annual Report serves the purpK)ses of both a Trustees, Report and a Directors, Rewrt under company law. Objectives and activitles a. Pollcle$ and ¢bJ•ctlv•$ KITE College is an independent specialist Post-16 provision offering vocational pathways for young people in Kent who hold Educab"on. Heaf(h and Care Plans. Since opening in September 2021, the College has become a haven lor learners with a wide range of barriers to leaming, particularfy those with Social, Emotional and Mental Health needs. Many of our leamers arrive having struggled in mainstream seitings-some carrying the weight of emotional school-based anxiety, some out ol education altogether. At KITE, they rediscover what leaming can feel like when an environment bend5 toward their strengths rather than their difficulties. Our ethos is inclusive, calm and responsive.. 8 spa¢è where leamers are supported lo re-engage, rebuild confidence, and move toward Sndependence. Personal Developmgnt sils at the heart of our offer. It threads through every vocaknonal wurs8 and is also taught discretely, shaping the rhythm of daily life and helpiro Students cultivate resilience. $elf-awareness, and the social skills they need to thrive beyond education. KITE College Board of Trustees are dedicale(l in their support & commitment lo KITE College 8n¢J Its mission. We are ensuring the college continues lo provide a nurturing environment where learners can flourish and reach th9ir full potènts'al. W9 wll wnlinug lo support the ¢ollè98'$ grovAh, fostering its uniquè approach to edLJC2tion, and advocating for the needs of our learners. Together. we are passionate about ernpowering young people to overcome their challenges and build a brighter fulure. KITE College aim to be Kent's leading indepgndent specialisl education and training provision for Post 16 learners with SEND. who Wd an EHCP. b. Stratègl¢8 for achlevlng oblèctlves To expand specialist provision across Kent, strengthening the local offer. To welcome leamers from other local aulhorities through stalulory con5ultalion. {A5 KITE is not Section 41 approved. local authorities can name the college only with mutual agreefflenll. Page 2

K￿E COLLEGE Try$tee$' Report l¢ontlnuedl For th• Yèar End￿ 31 August 2025 Objectives and activities Icontinuedl . Activitie5 undertaken to achieve objectives To improve life chances and OP￿rtUnitieS to all srjung people wilh learning drfficults'es and SEMH needs through ambitious and inspirational. lrfelong leaming and skills programmes. These include vocab'onal training in= Construction. Motor Vehicle Technology, Hair and Beauty Employability & Life Skills Hospltality Additionally formal qu81ificalions in Maths and English induding GCSES. The College, is leased from Kent County Council and 1$ located on the Euro Link Industrial Estate in Sittingboume, opened on 1st September 2021. Our Valut¥ Kindness Integrity Tolerance Excellence d. Maln actlvltl•8 undertaken to further tho Charlty's purposes for the publlc b•neftt The college provides a range ol lull ￿'rne vocational training opportunities a5 well as Maths and English for ils students, lunded by the public purse. aimed ultimaiely at them being ready and able to enter the world of work and become a productive member of the community. Achl•v•ment8 and p8rfomiance a. Maln a¢hlevements ¢1 the Charlty During the academic year, the college SUpp￿d some 126 students. 112 were from Kent with 13 from Medway and 1 from another l(Kal aulhorily. Page 3

K￿E COLLEGE Try$tee$' Report l¢ontlnuedl For th• Yèar End￿ 31 August 2025 Achievements and perfomiance {continued b. Key performance indicators 1. Financial The college is operab'ng within planned financial parameters. The year end position is reported as £772,637, with a year end surplus of £293,833. Cash Days in Hand remain stable at 104 {2024.. 1111. in¢Jic8ting suffi(ienl short temi liquldlty. Calculation.. Cash Days in Hand = Cash Available * Oaily Operatsng Cost Cash available = cash at bank Daily operating cost = annual expenditure 4 365 'Seclor Reference Points.." - 3HO days.. healthy - 20-30 days.. adequat8 <20 days.. emerging liquidity risk <10 da￿.. significant concern Staff Costs as OA of Income: Staff costs represent 620/0 of income12024: 75%). This is below the M)ical sector range for gpeclallsl post-16 provision (generally 7MOQ/ol. The lower proportion in the current year primarily reflects increased income levels, rather than a reduction in staffing capacily. The organisation continues to prioritisè high-quality specialist provision, and staffing levels remain aligned service delivery needs. Trustees will continue lo monitor this ratio to ensure il remains appropriate as activity levels and lunding streams evolve. Flnan¢lal Htalth Ratlng: The DE financial health score 'sal1sfacto￿ Is uJnslslent with expectalions and reflects approprfate financlal controls and oversight. Summary: Finanaal management processes are operating effectively. External cost pressures and funding constraints remain areas requiring continued moniioring through scenario planning and curriculum linked financial modelling. 2. Curri¢ulum & L•¥m•rs Laam•r Numb•rs'. Leamer Numbers have increased from 12 leamers in 2021 to 126 leamers in the current year. For the Seplember 2026 intake. the o)Ilege has received over 400 local authority referrals for approximately 60 8vailable places. demonstrating a level of dewnand that 5ignificanlty exceeds capacity. The majority of referrals originate from Kent, wth around 10010 from Medway and a small proportion from other Greater London aulhorilies, refle¢ting both strong wional need and the widening geographical rea¢h of the College's provision. This sustained pressure is driven not only by the college's strong reputation for high quality specialist edLJCAtion, but also by the limited availability of suitable Post 16 specialist pathways across the region. Pathway Demand.. Motor Vehicle.. Oversubscribed Construction." Oversubscribed Hair & Beauty." Oversubscribe(J IT.. Increasing demand reflected in referral pattems Hospitalily.. Growing department following launch in Sept 2025 LMI Alignment.. Local labour market intelligence indicate5 sustsined demand for technic81. construction, digital and service sèctor skills. Curriculum planning for 2025126 is being aligned to Ihese trends to ensure capacity, staffing and resources match projected learner demand. Page 4

K￿E COLLEGE T￿$t¢¢$' Report l¢ontlnuedl For th• Yèar End￿ 31 August 2025 Achievements and perfomiance {continued Retention & Achievement- Rétèntion rates remain strong. supportèd by ￿CtIVÈ e3￿Y intervention procèsses. National post 16 achievement rates for study programmes remain broadly stable at approximately 84-860/0. Achievement in post 16 English and maths continues to be lower nationally. with GCSE resit pass rates around 1 >25%. KITE QAR data is in line National outcomes. Attendan¢o- Attendance remains broadly stable and continues to sit dose to the aspirational expectations lor speryalist post 16 provision. Figurès reflect the complex health, therapeutic and transport challengès of a typical of a high needs cohort, overall pattems remain in line wth national benchmarks for specialist colleges. Monitoring processes. pastoral interventions. and incentive strategies are conlribub'ng lo incrementsl improvement. Summary: CLJrriculum andlgamer p9rforman¢e indicalors demonsiTrlg positivg Irends. Thg relationship between curriculum viability, recruitment patterns, and financial sustainability is being nTh)nitored appropriately. 3. Gov•rnance & Compllance Regulatory Compliancè: All slalulory returns, including ILR submissions, DIE finandal relums, saleguardlng compllance reportlng, and SEND related local authority obligations. have been completed in line wilh required deadlines. Safoguardlng & W8llb•lng: Safeguarding training compliance remains high arKI a college priority. Case volumes are consislenl with sector norm5. Processes were exlemally validated through an Inde￿r￿leftt safeguarding review (Kent ESS, January 20241. Summary: Governance and compliance arrangements are robust. Risk based deds￿n making is embedded and supports organisational resilience. 4. Overall Assurance Summary Perform8nce across financial. curriculumlleamer, and govemance indicators is strong. The college demonslrales gffe¢tive conlrol environments a￿1 stable Operati￿31 perfomiancg. c. Review of activities The Prinapal reports on a regular basis on Ihe aCtiV￿eS and operation of Iho college and adjusts the offers available annually to the students based u￿n the demandslrequests of the students and their families. d. Factors relev¥nt to ¥¢hieve objectives The college ensures they have emplo￿ the necessary quality staffing to teach and support the students and monitor this regularfy. e. Fundralslng actlvltlos and Income gonoratlon No fundraising activities other than an ¢xca5ional grant bid. Page 5

K￿E COLLEGE TN$tee$' Report l¢ontlnuedl For th• Yèar End￿ 31 August 2025 Financial review a. Golng ¢¢n¢¢m After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this rea50n, they continue lo adopt thg going concern basis in preparing the finan¢ial statements. Further detsils regarding the adoption of the going concern basis ¢an be found in the ac¢ounting policies. b. Reserves policy The Trustees have added lo their reserve policy that there should be sufficient reserves to cover at least two month's running costs. The level of reserves held at Ihe year end was £772.637 12024.. £478,804), which exceeds the policy of two month's running costs of £359,98512024.. £282.542I. c. R•vlow The College's funds carTied forward 81 the year end lots1 £772.637. The Trustees have reviewed the reserves position and consider this level lo be 8ppropriale and prudent for the College's ¢urr&nl and future needs. In reaching this view, the Trustees have taken into acwunl the College's operational requirements, anticipated commitments, and th8 financial risks to which ihe Coll¢g& is exposed. The reserves provide sufficient working capital to support day to day activities, ensure resilience against unforeseen events, and enable the College to continue delivering its chantsble objectives sustainably. In year funds received are used lo support the conlinved delivery ol high quality sp&cialisl educ4lion. This Sncludes staffing, Iherapeulic and clinical support, curriculum ￿SourCes, and the infraslruclure required lo meet Ihg needs ol sludenls with Education, Health and ca￿ Plans IEHCPSI. The funding also enables the College lo respond effectively to mid year admission$ and •nsur8s that all 18amers r8c•iv8 Ihè p8rsonalis8d support necessary for posilive outcomes. Thè Collège is funded though the DIE funding agreement. as well as High Needs Funding recèivèd dirèctly from KCC SEN. Individual Funding Arrangements IIFAS) a small number of Other Local Aulhorilies, a￿ in place, for non-Kenl young people al the College. d. Prlnclpal rlsks and uncertainties The coll8gè whilst bèing publicly funded and suprx)rting a cat8gory of stud8nts wh8rè to numb8rs continu8 to risg locally is always at risk ol (he funding being reduced or not keeping pace wth inflats'on and the funders reducing the number ol students they are prepared lo supporl. •. Flnan¢ial risk management obJ¢¢tlv*s and poli¢les No policy is currently in place, bul a Risk Register is due lo be developed shortly. On an on4Joing basis the risks are considered at each meeting of the SFP when il reviews the management accounts Structura, gov8rnancg and manag•m8nt a. Constitution KITE College was registered the Charity Commission on 26th January 2021 as a Charitable Inccrporaled Organisation ICIOI with a board of trustees consisting of 8 members. b. Methods of appolntm8nt or alectlon of Trustees Trustees are appointed to KITE College primarily base(l on their skills, experience. expertise, and qualifications. Page 6

K￿E COLLEGE Try$tee$' Report l¢ontlnuedl For th• Yèar End￿ 31 August 2025 Structure, governance and management {continued) Organisational Structure and decisionrymaking policies The Trust has one full Committee suppcwied by 2 permanent sub committees: Staffing, Finance and Premises {SFPI Learning and Inclusion ILII And a Pay Committee is appoinle(I when rheeded ¢Juring the year. Day to day operational and financial decisions are delegaled lo the Principal but the approved Finance Policy sets out when and where approval is needed from either the SFP or the Board. d. Pollclos adopt¢d for the Inductlon and tralnlng of Trust¢e$ Trustees are appointed to KITE College primarily based on their skills, experience. expertise, and qualifications. Skllls and Expertise: Trusl88s are appointed base(l on their specific skills and exportise that align with the needs of KITE College. For example. finance. business, HR. health and safety, Soclal Sèrvic8s, health & wellbeing, psycholo9y, education and quality control inspection. Experience.. Trustees bring valuable experience from their professional or personal backgrounds that can benefit KITE College. This could include experiencE in leadership roles. strategic planning. fundraising. or communily eroagemenl. Qualilicatlon8.' Truslees may have S￿¢IT￿ qu81ific8tions that make them well-suiled lor their roles. These could include educational degrees, professional ceitificalions, or relevant training In argas such as governance. law, or mana9ement. Dlv•rsSty: Diversity among trustees is crucial lo ensuring a well-rounded and inclusive governing body. Trustees from diverse backgrounds bring different perspectives, ideas, and approaches to problem-solving, which can enrich the deas￿n-Maklng process and better represent the interests ol the organization's stakeholders. Skllls-gap anatysis is undert8ken on 8 regular basis. When gaps are identified suitable praclilloners are sort, approached and proposed by currgnl trust membgrs andlor the principal and if sg¢onded, then Cvs and Bios are shared with all sitting trustees and voted on at full Iwstge meetings. All Trustees receive a planned induction which is supplemented by external providers as necessary. New Iru51ees are provided with a copy ol"GUIOANCE The essentsal twslee= what you need lo know, what you need lo do., made aware of the instrument of govem8nce for KITE-College and reminded that all Iruslees are required to follow the No18n principles (conduct in public office). e. Pay policy for key management personnel Al key management posts have a set grade aNJ are incxeased annually after a review by the appointed Pay Committee and agreed by the Board of Truslees. f. Rel¥ted ￿rtY relationships The Trustees are drawn from a variety of organisations that support or have an interest in the W of student that the college supports. The Chair of Truslegs also holds positi￿$ al two other Charibes where the￿ were financial Iransa¢lion$ during the year. Page 7

K￿E COLLEGE Try$tee$' Report l¢ontlnuedl For th• Yèar End￿ 31 August 2025 Structure, governance and management {continued) g. Financial risk management The Trustees have assessed the major risks to which Ihe Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place lo miligale exposure lo the major risks. Plans for future periods The college is filling a gap in the support that is available lo its students as is eViLlent in the growng number of applications lor places al the college that h8s nK>re than doubled in the last ye8r. Looking fotward, the Trustees plan to Inc￿aSe the numbers they can accommodate in Sittingboum8 whilst expanding its operation to other locations across the county. Dlsclosure of Infomiatlon to audltorn Each of the persons who are Trustees al the lime when this Trustees. Report is approved has confirmed that.. so far as that Trustee is aware, there is no Televanl audit information of which the charitys auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit infomalion and lo establish that the charitys auditors are aware ol th81 information. Audltors The auditors, Xeinadin Audit Limited. have indicated Iheir willingness lo continue in office. The designated Trustees will propose a motion reappointing the auditors al a meeting of the Trustees. Approved by or(ler of the members of the l￿rd of Trustees on 31 March 2026 and signed on their behalf by: Bob Low (Chair of Trustees) Page 8

K￿E COLLEGE stst¢m¢nt of Tru$t¢¢$' r¢$pon$lbllltl•$ For thè Yèar Endèd 31 August 2025 The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of ts incoming resources and application of resources. including its income and expenditure. for that period. In preparing these financial stslements, the Trustses are required to.. select suitable accouriting w)licie5 and then apply them consistently.. observe the methods and principles ol the Charities SORP IFRS 1021., make judgments and accounting estimates thal are reasonable and prudent.. st8le whether applicable UK Accounting Stsndard5 IFRS 1021 have L*on followed, subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on the goiThJ concem basis unless il is inappropriate lo presume that the Charity will continue in busin8SS. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitls transactions and disclose with reasonable accuracy al any time the financial p0511ion of the Charity and enable them lo ensure that the financial statements comply the Charities Act 2011. the Charity (Accounts antl Rèports) Regulations 2008 8ntl Ihe provisions of the Trust deed. They are also responsibl& lor 8aleguarding the assets of the Charity and hence lor tsking reasonable steps for the prevention and detection of fraud and olher irregularilies. Approved by order of the membors of the board of Trustees on 31 March 2026 and signèd on its bahall by.. Bob Law (Chair of Trusleesl Page 9

K￿E COLLEGE Independent Auditors. Report to the Members of KITE College Opinion We have audited the finanual stslements of KITE College lthe '(1)8rity1 for the year ended 31 August 2025 which comprise the Statement of Financial Activities. the Balan￿ Sheet, the Statement of Cash Flows and the relaled noles, including a sumrnary ol si9nificant accountsng policies. The finanaal reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounts'ng Standards, including Finanaal Reporting Stsndard 102 'The Financial Repo￿.ng Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practicel- The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference to the AC￿￿nting and Reporting by Charities.. Statement of Recommended Practice i55ued on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. This has been done in order for the accounts to provide a tnje and fair view in accordance wilh the Generally Accepted Accounting Practice effective lor reporting periods beginning on or after 1 January 2015. In our opinion Ihg financial stalemenls.. give a true and lair view of the slate of the charitys affairs as al 31 August 2025 and of Ils incombng resources and application of resources for the year then ended- have been properly prepared in ae4XJrdance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Ba818 for oplnlon We conducted our audit in accordance wilh Inlemational Standards on Audiling IUKI IISAS IUKII and applicable law. Our responsibilities under those slandards are luriher described in Ihe Auditor5, responsibilities for the audit of the financial slalemen15 section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial slalements in the United Kingtlom, including the Finanaal Reporting Council's Ethical Stsndard, and we have ftjffilled our other ethical responsibilities in accordance with these rèquirements. We believe that the audit evidgnce we havo oblaingd is sufficient and appropriate to provide a basis for our O￿nion. Conclusions relatlng to golng COn￿M In auditing the financial slatements, we have conduded thal the Trustees. use of the 90ing concern basis of accounting in the preparation ol the financial statemenls is appropriate. Based on the wort we have perfornied. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitys ability to continue as a going concern for a period of at least twelve months from when the finanaal siatements are authorised for issue. OLJr rèsponsibilities and th8 responsibiliti8s of th8 Trustees with r8sp8¢1 to going concem arè d8scribèd in thg relevant sections of this report. Page 10

K￿E COLLEGE Independent Auditors. Report to the Members of K￿E College (continued) Other infomiation The other infomiation comprises th8 inf0mlati￿ induded in the Annual Report other than the financi81 statements and our Auditors, Report thereon. The Trustees are reswnsible for the other infomiation contained within the Annual RerK>rt. Our opinion on the financtal stalements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in d(Mng so, consider whether the other information is materially incon51slent with the financial slatemen15 or OUT kno%￿edge obtained in the course of the audit. or otherwise appears lo be materially misslale<l. 11 we identify such maltrrial in¢onsislen¢ies or apparent material misstatements, we a￿ required to detemiine whether this gives rise to a material misststement in the financial statements Ihemselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing lo rewrt in this regard. Matt•r8 on whlch we are requSr•d to report by exceptlon We havg nothing lo rgport in respect ol the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion.. Ihe information given in the Trustees, Report is inconsislenl in any material respect with the financial statements,. or sufficient accounting records have not been kept- or the financial statements are nol in agreement wilh the accounling records and relums.. or we have not received all the inlonnalion and explanations we require for our audit. Ro8pon8lbllltl•s ¢1 trust¢•s As explained more fully in the Trustees. Responsibilities Statement, the Trustees are responsible for the preparation ol the financial 5talemen15 which give a true and fair view. and lor Such internal control as th6 Trustees determine is necessary to enable the preparatson of financial stslements that are free from material misslalemenl, whether due lo fraud or etrof. In preparing the finanaal stalemenls. the Trustees are respx)nsible for assessing the charitys ability to continue 85 a going concern, disclosing, as applicable, matters related lo going concern and using the going concem basis of accounting unless the Trustees either inten¢J to liquidate the charity or lo cease operations, or have no alislic allernalive bul to do so. Page11

K￿E COLLEGE Independent Auditors. Report to the Members of KITE College (continued) Auditors. responsibilities for the audit ol the financial statements We have been appointed 8$ auditor under secb.on 144 of the Charilies Act 2011 and report in 8ccord8nce wth the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtsin reasonable assuran￿ aLN)ut whether the financial statements as a whole are free from m8lerial misslalem8nl. whether due lo fraud or error. and to issue an Auditors, R8port th81 Includtrs our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will a￿ayS detect a material misstalement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slatemenls. Irregularities, in¢luding fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, oullined above, to detect material misstatements in respect of irregularities, including fraud. The exient to which our procedures are capable of detecting irregularrties. including fraud is detailed below.. As part of an audit in èccord8nce wilh ISAS IUKI, exeruse professional judgement and maintain professional 8ceplicism through the audit. We also: 1. Assess8d the susceptsbilily of thg entitys financial statements to material misstat8mant, including how fraud may occur. 2. Held discussions with the cli6nl regarding Iheir poliues and procedures on compliance with laws and regu181ions. 3. Held discussions with the Client rggardin9 their policies and procedures on fraud risks, including knowledge of any actual suspected or alleged fraud. We consider the enlivs controls effecb've in ld8ntrf￿ng fraud. We do not consider there lo be significant difficulty in deleeting irregularities. Because of the inherent limitations of an audit, there is a risk that we wll not detect all irregularities, including those leading lo a malerial missialement in the finanaal statements or non-compliance wilh regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financi81 stslemenls. as we will be less likely lo become aware of instances of non-compliance. The risk is also gre8ler regarding irregularilies occurring due lo fraud rather than error, as fr8ud involves intentional con¢ealmenl, lorgery. collusion. omission or MIs￿preSentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's web511e al.. www.frc.or .ukJaudilorsres onsibililies. This des¢ripth'on form5 part of our Auditors, Report. Page 12

K￿E COLLEGE Independent Auditors. Report to the Members of K￿E College (continued) Use of our report This retK)rt is made solely to the charitys trustees, as a lyyjy. in a(tor(lan¢e wilh Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit wot* has been undertaken so that we might state to the charitls trustees those matters we are required lo state to them in an Auditors. Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and ts trustees, as a body. for our audit work, for this repM)rt. or for the opinions we have fornied. Xeinadin Audit Limited Chartered Accountants Slalulory Auditor 12 Conqueror Court Sittingboume Kent ME10 SBH 9 April 2026 Xeinadin Audit Limrted are eligible lo act as audilors in lemis of section 1212 of the Companies Act 2006. Page 13

K￿E COLLEGE statement of financial activities For the Year Ended 31 August 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Nots Income from: Donations and legacies Charitable activities Inveslments 78,826 79,025 2,427,067 7.000 12,648 2,401 7,688,337 6,000 4,101 2.427,067 7.000 12,648 Other income Total In¢om• 2.446,914 78,826 2.525,740 1,700,839 Expendlture on: Charitable activities 2.152,697 7,210 2.159,907 1,695,253 Total •xpenditure 2,152,697 7,210 2,159,907 1,695,253 Not Income Transfers between lunds 294,217 71,616 71,616 171,6161 365,833 5,586 15 Not mov•m•nt In funds b•for• other r•cognls•d galn8llloss•sl 365,833 365,833 5,588 Other recognlsed galnsl{losse81: ActU8rl81 galns on defined benefil pension schemes Pension $urplu$ not I￿09n1$ed 22 22 317,000 1389,0001 317,000 1389,0001 23,000 (87,000) Net moY•m•nt In funds 293,833 293,833 {52,414) Reconclllatlon of funds: Total funds brought forward N8t mov8mant in funds 478,804 293,833 478,804 293,833 531,218 (52,414) Total lund5 carried forward 772,637 772,637 418,804 The Slaternenl of Financial Acbvilies indudes all gains and1055es reo¥Jgnised in the year. The notes on pages 17 to 35 form part of Ihese financial slatemgnts. Page 14

K￿E COLLEGE Balance Sheet As at 31 August 2025 2025 2024 Flxed a$s•ts Tangible assets Current assets 166,893 154,550 Debtors Cash at bank and in hand 12 194.711 617.435 17,420 513,436 812.146 530,856 Curr•nt Ilabllltl•$ Creditors.. amounts falling due wilhin one year 13 (206.4021 (206,602) N•t ¢urr•nt a$s•t• 605,744 324,254 Total not assets 772,637 478,804 Charlty funds Restricted funds Unreslricled funds 15 15 772,637 478,804 Total funds 772,637 478,804 The financial statements were approved and authorise(I for issue ty the Tru$tee$ on 31 Marth 2026 and signed on their behalf by.. Bob Law (Chair ol Trustees) The notes on pages 17 to 35 form part of Ihese financial statements. Page 15

K￿E COLLEGE statement of Cash Flows For the Year Ended 31 August 2025 2025 2024 Cash flows from operating activities Nel e8sh used in operating acts"vibes 106,928 56,512 Cash flows from investing activities Purchase ol tangible fixed assets Capital grants from DE 174,5451 71,616 (88,055) Not cash used in investing activities 12,9291 188,0551 Chango In cash and cash equlvalonts In th• yoar Cash and cash equivalents at the beginning of Ihe year 103,999 131,$431 544,979 513,436 Cash and ￿$h ¢qulval•nt8 at the ènd of tht yoar 617,43S 513,436 The notes on pages 17 to 35 form part of these financial statements Page 16

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 G•n¢ral Inforniatlon KITE College is a Charitable Incorporated Organisation, regislered in England and Wales. The registered office is KITE College, Unrt 1 Bonham Drive. Eurolink Business Park. Sitbngbourne, Kent, ME10 3RY. The principal aclivty of the Charty is to prov￿9 independent spwalisl education and training lo young people. Accounting policie5 2.1 Basls of prèparatlon of financlal statsm•nts The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charitses.. Statement of Recommended Practice applicable lo charib'es preparing their 8ccounls in 8ccord8nce with the Fin8nci81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeth've 1 January 20191. the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo provide a 'lrue and fair, view. Thi5 departure has involved following the Charitie5 SORP IFRS 1021 published in Octo￿r 2019 rather than the Accounting arKI Reporting by Charilies.. Statement of Recommended Practice effecUv8 Irom 1 April 2005 which has since been withdrawn. KITE College meets the definiknon of a public benefit enknty und8r FRS 102. Assets and liabilities aro initially recognised al historical cosl or Iransaction value unless otherwise stated in the relevant accounting policy. 2.2 Golng concern Thg Trustg9s assess wholher the use of goiThJ concem is appropriatg 1.9. whelhgr Iherg arg any material uncertainties related lo events or condiknons which may cast significant doubt on the ability of the Charity lo conlinue as a going concem. The Trustees make this assessment in respect of a period ol al least one year from the date of authorisalion for issue of the financial statements and have concluded that the Charity has adequaie resources lo continue in operational existence for the foreseeable future and there are no materi81 uncertainb.es al)oul the Charity's ability lo continue as a going ¢on¢em, thus they conlinue to 8dopt the going concem basis of accounting in preparing the rinancial statements. Page 17

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 Accounting policies Icontinuedl 2.3 Income All income is recognised once Ihe Charity has entitlement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from lega￿eS 15 dependent on establishing entitlement, the probability of receipt and the ability lo estimate with sufficient accura¢y the amtsunl receivable. Evidenco of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them Ithrough knowledge of ihe exislence ol a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable. which will generdlly be the expected cash amount lo be distributed lo the Charity. can be reliably measured. Grants are incltjded in the Siatemenl of Financial Activ￿9$ on a receivable basis. The balan¢9 of income received for specific purposes bul nol expended during the period is shown in Ihe relevant funds on the Balance Sheet. Where income is received in advance of entitlement ol receipt, its recognition is deferred and included in creditors as deferred income. Where enliuement occurs before income 15 received. the income is acc¥ued. Other Income is recognise(l in the period in which it is receivable and lo the extent the goods have b99n provid9d or on complglion of Ihe service. Page 18

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 Accounting policies Icontinuedl 2.4 Exp¢ndlture Expenditure Is Tecognised once there is a legal or constructive obligation to transfer economic benefit to a third party, il is probable that a Iransfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classrfied by adivily. The costs of each aclivty are made up of the total of direct costs and shared costs. including 5UPPOrt costs involved in undertaking each acb"vity. Dire¢t costs attributable to a single activity are allo¢alod directly to that activity. Shared ¢osts which contribute to more than one a¢tivity and support Costs whi¢h are not allributable to a single activily a￿ apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of b'me spent, and depreaation charges allocated on the poth'on of the asset's use. Expenditure on Ch8ri1ab￿ activities is incAJrr8d on directly undertaking the aclivili8s which further the Charitys objectives. as well as any associated support costs. All expenditure is inclusive of irrecoverabl8 VAT. 2.5 Government grants Government grants relating lo tangib￿ fixed assets are trealed as deferred incorne and released lo the Statement of Financlal Activities upon the completion of the relevant perform8nce-rel8ted conditions. Othgr grants thal are Th)¢ subjgct lo perfomiance-rglaled Conditions arg credited lo the Statement ol Financial Activiljes as the grant proceeds are received. Grants received prior to tha revenue recognitson criteria being satisfied are recognised as a liability. 2.6 Taxatl¢n The Charity is considered ¢0 pass the tests set oul in Paragraph 1 Schedule 6 of the Finance Act 2010 and th8r8lorg it meets the definition of a chariiable company for UK corporation tax purpos8S. Accordingly, the Charity is px)lentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 01 the Corporation Tax Act 2010 or Section 256 01 the Taxalion of Chargeable Gains Acl 1992. to the extent thal such income or gains are applied exdusively lo charitsble purposes. 2.7 Tangible fix•d assets ond d•pr•¢latlon Tangible fixed assets costiThJ £500 or more are capitalised and recognised when fijture economic benefits are probable and the cost or value ol ihe asset can be measured reliably. Tangible fixed assets are ini11811y recognise(J al cost. After ￿cognItion. un¢Jer the cost model. tangible rixed assets are measured al cosl less accumulated depreciation and any a¢¢umulaled impairment losses. Al costs incurred to bring a tangib￿ fix￿ a￿1 into its int8nd8d working condition should bo included in the measurement of cost. Depreciation is charged so as to allctate the cost of tangible fixed assets less their residual value over their estimated useful lives. using the straigh14ine method. Deprgcialion is provided on the frAlowng bases.. Improvemenls to leasehold property Workshop equipment straight line over 2 years Fixtures, Fitting5 and Equipment- straight line over 4 years straight line over 10 years Page 19

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 Accounting policies Icontinuedl 2.8 D•btor$ Trade and other debtors are recognised al the settlement arnount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand indudes ￿$h and short-temi highly liquid investments with a short maturity of three months or less from Ihe date of acquisition or opening of the deposit or similar account. 2.10 Liabilities and provislons Liabilities are recognised when there is an c4)IKJ81*)n 81 the 8alan¢e Shoel dale as a result of a past event, it is probable that a transfer ol economic benefit will be reqUI￿d in settlement, and the amount of the selllemenl can be eslimaled reliably. Liabilities are recognised at the amount that the Charity anbcipates it will pay to settle the debt or thg amount il has received as advanced Pa￿)entS for the goods or services il musl provide. Provisions are measured al the best eslimale of the amounts required to sellle the obligation. Wher8 the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted al the prg-tax discount rate that reflects the risks specific lo the liability. Tho unwinding ol the discount is recognised in Ihe Slatement of Financial Activities as a finance cost. 2.11 Flnanclal Instrumonts The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial inslnjmenls are initially recognised al Iransa¢lion value and subsequently m8asur8d at their s8tt18m8nt valuè with th8 exc8Ption of bank loans which are subs8qUgntly measured at amortj'sed cost using the effective interest method. 2.12 Redundancy and Tormination Payments Redundancy and lemination costs are recognised 8$ 8n expense in the Slalemtrnt of Financial Activities and a liability on the Balance Sheel immediately al the point the Collego is demonstrably commitled lo either.. lemiinate the employ7nent of an employee or group of employees before normal retirernent date., or provide lemiination benefits as a result ol an offer made in order to encourage voluntary redundancy. The College is considered to be demonstrably committed only when it has a detailed formal plan for the termination arKI is without realistic ph)55ibility of withdrawal from the plan. Page 20

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 Accounting policies Icontinuedl 2.13 P•n$lon$ The Charity operates a defined benefit pension scheme by the Local Government Pension Scheme I"LGPS'I. The LGPS is a funded Mulb"-eM￿0yeT stheme and the assets are held separately from Ih05e of the Charity in separate Irtjslee administs￿￿ funds. Pension scheme assets are measured al fair value and liabilits'es are measured on an actuarial basis using the proje¢te(l unit ¢redit method and discounted al a raie equivalent lo the currenl rale of return on a high Quality corporate bond of equivalent term and ojrrent to the liabilities. The acluarial valuats'ons are obtained at least triennially and are updated at each Balance Sheet date. The amounts charged to operating surplus are the current services costs and the costs of scheme introductions, benefit changes. settlements and curt8ilmenls. they a￿ inclvde(l as part ol staff costs 8$ incurred. Net interest on the nel defined benefit li8bililylassel is also ￿COgnise(l in the Stslemenl of Financial Activities and comprises the inlgresl cosl on Ihe defined benefil obligation and interest income on the ￿hem8 assets, calculated by multiplwng the lair value of the scheme assets al the beginning of the period by ihe rate used to discount the benefit obligations. The difference be￿een the interest income on the scheme assets and the actual return on the scheme assets is recognised in other recogni5ed gains and losses. Actuarial gains and losses are recognised immediately in other r8cognis8d gains and lossos. 2.14 Ag•n¢y arrangomenls The college acts as an agent in dislritrwjting 1&19 bursary funds from DIE. Payments received from DIE and subsequent disbursemenis lo students are excluded from the stalernenl of financial activities as the college does not h8ve ¢onlrol over the charitable application of thè funds. The college can use up lo 5°h of the allocation towards Ils own adminislralion costs and this is recognised in the slalemenl of financial a¢livilies. Ihe funds received and paid, and any balances held 8r8 disclosed in note 25. 2.1 S Fund accountlng General lundg are unrestricted funds which are available for use at the discrètion of the Trustees in further8nce of the general objeclives of the Charity and which have not ￿en designated for other purposes. Designated funds comprise unrestricted funds Ihat have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial slalements. Restricted funds are funds whi¢h are to be used in a¢¢ordan¢e with Specific reslri¢lions imposed by donors or which have been raised by the Charity for pa￿CUlar purpos6s. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes lo Ihe finanaal statemenis. Page 21

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 In¢om• from donatlon$ and capltal grants Unrestricted Restricted funds fund5 2025 202S Total fund5 2025 Total funds 2024 Capital Grants Other Grants 71,616 7,210 71,616 199 2,401 199 78,826 79.025 2,401 Total 2024 2,401 2,401 Income from charltabl• a¢tlvllle$ Unrestrlcted fund$ 2025 Total fund5 2025 Total funds 2024 Educational Operations 2.427,067 2,427,067 1,688,337 Tol812024 1.688.337 1,688.337 Other Incomlng rosource8 Unrestricted fund$ 2025 Total funds 2025 Total fvnds 2024 Other incoming resources 12.648 12.648 4, 101 Total 2024 4, 101 4, 101 Page 22

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 Analy$l$ of •xp•ndlture on ¢harltable a¢tlvhl¢s Summary by fund type Unr¢strictsd Restricted fvnd$ funds 2025 2025 Total 2025 Total 2024 Educational Operation5 2.152.697 7.210 2,159,907 1.695,253 To1812024 1.692.852 2.407 1.695.253 Analy81$ of •xp•ndltur• by a¢tlvltl•s Activities undertaken dlrectly 2025 Support costi Total funds 2025 Total funds 2024 2025 Educational Operation$ 1,574,491 585,416 2,159,907 1,695,253 Total 2024 1.244,819 450,434 1,695,253 Analysls of dlr8ct cost8 Educational Operation$ 2025 Total fund$ 2025 Total funds 2024 Staff costs Curriculum resources Leamer registration and exam fees Brought in professional ServI￿S Agency Costs 1,350,020 50,331 27,534 99,642 46,964 1,350,020 50,331 27,534 99,642 46,964 1, 108,568 28,539 10,214 67,605 29,893 1,574,491 1,574,491 1,244,819 Total 2024 1,244,819 1,244,819 Page 23

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 Analy$l$ of 0x￿ndIture by a¢tlvltl•$ l¢ontlnued} Analysis of support costs Educational Op¢ratlon$ 2025 Total funds 2025 Total fvnds 2024 Staff costs Depreciation Siaff development and training ICT resources Admin supplies Building maintenance and repairs Cleaning Water and sewerage Energy Insurances Catering supplies Equipment leasing Telephone and lax Agency costs Gainllos$ on disposal of fixed assets Other Govemance costs 215.364 48,702 21,668 73,168 7.840 42,413 22,484 1,681 28,375 14,753 13,273 18,341 215,364 48,702 21,668 73,168 7,840 42,413 22,484 1,681 26,375 14,753 13,273 18,341 290 12,971 13,500 33,868 18,725 765,480 35,800 30,577 43,312 8,060 46, 136 13,288 7,578 38,261 1,953 13, 188 4,473 12,971 13,500 33,868 18,725 4,725 78,823 24,780 585,416 585,416 450,434 Total 2024 450.434 450.434 Audltors. rgmun•ratlon 2025 2024 Fees payable 10 th8 Charitys auditor for the audrf( of the Chartys annual accoLJnts 15,975 21,600 Fees payable to the Charitys auditOTS assoaales in respect ot. Al non-audit services not include(l al)ove 2,750 3, 180 Page 24

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 Staff ¢o$ts 2025 2024 Wages and salaries Social security costs Contribution lo defined contribution pension schemes Operating costs of tlefined benefit pension schemes 1,213.992 126,586 9,806 215,000 999,855 92,579 7,614 180,000 1,565.384 1.274,048 Indtjded in stsff restructuring costs are non-stslutorylnon-conlraclual severance payments lot811ing £Nil 12024 - £12.7201. The average number of persons employed by the Charity during the year was as follows.. 2025 No. 2024 No. Teaching Staff Leadership and Finance Support 18 14 13 12 36 31 The number of employees whose employee benefits {excluding employer pgnsion costs) exceeded £60,000 was.. 2025 No. 2024 In the band £60,001 - £70,0 In Ihe band £70,001 . £80,0(KI In the band £80,001 - £90,0(K) The key management personnel of the entity comprise the Iruslees and the senior management 198m as listed on page 1. Total amount of employee benefits (including employer pension Contributions and employer national insurance conlributionsl received by th8 key managamant parsonnal for their services lo the charity was £388,94712024 - £205,732). 10. Trustee5' remuneration and expeD5e$ During the year, no Trustees received any remuneration or other beneffts (2024 - £NIL). During the year ended 31 August 2025, expenses tolalling £461 were reimbursed or paid directly to 3 Trustees (2024 - £1,419 to 4 Trusleesl. These expenses were inCu￿ed in the course of carrwng out their duties as trustees and relate lo travel, a¢xx>mmodab"on. an¢J other related ¢>)sts. Page 25

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 11. Tanglbl• fix¢d ass¢t$ Long-term leasehold Fixture5. property Garagè Flttlngs and Imp'mènts Equlpmènt Equlpmant Total C05t or valuation At 1 September 2024 Additions Disposals 148,135 4.547 {17,8661 23.7SS 73,670 69.998 12,7861 245,560 74,545 125,7911 {5.1391 At 31 August 2025 134,816 18,616 140,882 294,314 Depreciation Al 1 SepteM￿r 2024 Charge for the year On disposal$ 33,373 13,481 15,3601 23.7SS 33,882 35,221 11,7921 91,010 48,702 112,2911 (5,1391 At 31 August 2025 41,494 18.616 67,311 127,421 N•t book value At 31 August 2025 93,322 73,571 166,893 Al 31 August 2024 114,762 39, 788 154,550 12. Dobtors 2025 2024 Due wlthln on• y¢ar Trade debtors 2,466 192,245 Prepayments and accrued income 77,416 194,711 17,420 Page 26

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 13. Credltors: Amounts falllng du• wlthln one y•ar 2025 2024 Trade creditors Other taxalion and social security Other creditors Accru81s and tleferretl income 47.575 108,784 19,998 30,045 45,498 22,650 9,546 128.908 206.402 206,602 2025 2024 Deferred In￿Me al 1 Sèplember 2024 Resources deferred during the year Amounts released from previous period$ 89,832 67,074 89,832 (67.074) 189,8321 D•ferred Incom• at 31 Augu¥t 2025 89,832 Del8rr8d income in th8 year endèd 31 August 2024 represented DfE funding recaivèd in advance for the year ended 31 August 2025. 14. Flnanclal Instruments 2025 2024 Flnanelal a8S•ts Financial assets measured at fair value through income and expendilure 617,435 573,436 Page 27

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 15. Stat•mont of fund$ Statement of funds - current year Balance at 1 Stpternber 2024 Balance at Gainsl 31 Au9U$t ILoss•sl 2025 Tran5fer$ Inlout Income Exp•ndlturo Unrestricted funds D¢$lgnated funds Designated fijnds 102,083 37,917 140,000 Gen¢ral funds Unrestricted funds 376,721 2,446.914 {2,152.6971 33,699 172,0001 632,637 Total Unrestrlcted funds 478.804 2,446.914 {2,152.697) 71,616 172,0001 772,637 Rtitrlct•d funds Restricted Funds 78,826 17.2101 {71,6181 Total of fund$ 478,804 2,$25,740 {2,159.907) 172,0001 772,637 Restricted funds lotalling £71,616 were received for Ihe purchase of fixed assets. These funds were fully spent on capitsl expenditure during the year. resultsng in the release of the restriction. The charity is free to use the fixetl assets in line with its charilable objectives., accor(lingly, the assets are recognised within unreslricled funds through a transfer between funds. The specific purposes for which the funds are to be applied are as follows.. The designated lund represents amounts set aside in relation to potential upaid rental fees wlh Kent County Council following ongoing negoliat10115 regarding the property in use. Unrestricted fvnds arg applied to the general y￿rk of the Charity to supp)rt all charitablo obje¢tiVOS. Page 28

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 15. Stat•mont of fund$ l¢ontlnued} Statement offunds - prior year BalanGe at I September 2024 BalanGe at 31 August 2024 Transfers inlout Gains/ (Losses) Income Expenditu Unrestricted funds D¢$lgnated funds Designated fijnds 102,083 702,083 Gen¢ral funds Unrestricted funds 531,218 1,698,438 (1.692,8521 (102,083) (58,000) 376, 721 Total Unrestrlcted funds 537,218 1,698,438 (1,692,852) (58,000) 478,804 Re8trl¢t•d funds Restricted Funds 2,401 f2,4071 Total of funds 531,218 1.700,839 (1.695.253) (58.000) 478,804 Page 29

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 16. Summary of fund$ Summary of funds- Current year Balance at 1 Stpternber 2024 Balance at Gainsl 31 Au9U$t ILoss•sl 2025 Tran5fer$ Inlout Income Exp•ndlturo Designated funds Gener81 funds Restricted hjnds 102,083 376,721 37,917 33,699 {71,6161 140,000 632,637 2,446,914 {2,152.697 78,826 (7.2101 172,0001 478,804 2,525,740 {2,159,907) 172,0001 772,637 Summary ollund#-prlor year Balance al I September 2023 B81ancg 81 31 August 2024 Transfvrs in/out GainFJ {LossgsJ Inmme Exponditu Designated funds General funds Restricted funds 102,083 (102,083) 102,083 376,721 531,218 1.698,438 (1.692,852) 2,401 (2,401) (58,000? 531,218 1, 700,839 (1.695.2531 (58.000) 478,804 Page 30

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 17. Analy$l$ of not a$$¢ts b¢lwtsn funds Analysis of net assets between funds - current year Unrestricted fund$ 2025 Total fund$ 2025 Tangible fixed assets Current assets Creditors due within one year 166,893 812,146 1206,4021 166,893 812,146 {206,4021 Total 772,637 772,637 Analys18 of net assets beiweon funds - prlor year un￿stricted fvnds 2024 Total fvnds 2024 Tangible fixed assets Current assets Creditors due within ona yéar 154.550 530,856 {*￿.602) 154,550 530,856 (206.602) Total 478,804 478,804 18. Reconclllatlon of net movement In funds to net ¢a$h flow from operatlng a¢tlvltl&s 2025 2024 Net income for the year las per Stslement of Finawal Activities 365,833 5,586 Adjustments for: DeprecAalion charges C8pilal grants from DfE Loss on the sale of fixed asseis Increase in debtors Increaselldecreasel in creditors Pension LGPS 48,702 171,6161 13.500 {177.2911 12001 172,0001 35,800 (5,395) T8,521 (58,000) Net cash provided by operating activities 106,928 56,512 Page 31

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 19. Analy$l$ of ¢a$h and ¢a$h •qulval•nts 2025 2024 Cash In hand 617,435 513,436 Total cash and cash equivalents 617,435 573,436 20. Analysls of changes Sn net debt September At31 2024 Cash flows August 2025 Cash al bank an(i In han(i 513,436 103,999 617,435 513,436 103,999 617,435 21. Contlngent liabllltl•s Klle College has entered into a lease ag￿ement with Kent County Councll, under whlch rental payments are due. The college is currently in dispute with Kenl County Council over remedial works which were due to take place prior to occupalion but are still outslanding. It is the belief of the Trustaes that no rental amounts will be due until after the remedial works have iaken place. If in the rare circumstance that KCC charge backdated renl at Ihis poinl, Ihe potential liability to ihe cdlege up lo 31 March 2025 will be £140,000. Al the date of signing. Ihe amount of any additional rent from April 2025 to August 2025 cannot be reliably eslimaled. Page 32

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 22. Pon$lon ¢ommltm•nt$ The Charity operates a defined benefit pension scheme. The Chariws employees bek)ng to Local Government Pension Scheme ILGPSI, which is managed by Kent County Counul. The latest actuarial valaution of the LGPS relaled lo the peritxl ended 31 March 2022. The LGPS is a funded defined benefft pension scheme. Trmih Ihe assets held in separate trusteev administered funds. The total contribution made for the year ended 31 August 2025 was £348,00012024- £289,000), of which employels contributions lotslled £281,000 12024 £233,000) and employee's conlribub'ons lotalled £67.000 12024 - £56.0001. The agreed contribub.on rates for fulure years are 26.8 per cent for employers an(J vaiiable per cent for employees. Principal actuarial assumptions at the Balar￿ Sheet date (expressed as weighted averages): At 31 Al 31 August August 2025 2024 Discounl rate Future salary increases Future pension inereases 6.20 3.60 2.60 5.75 3.80 2.80 The current mortality assumplions indude sufficient allowance for future improvements in mortality rates. The assumed life expectatsons on retirement age 65 are: At 31 Al 31 August August 2025 2024 Yaarg Years Mortality rale$ lin years) - for a male a9ed 65 now - at 65 for a male aged 45 now for a female aged 65 now al 65 lor a lemale aged 45 now 21.4 23.0 23.7 20.7 22.0 23.3 25.4 24.7 The Charivs share of the assets in the scheme was.. At 31 At 31 August August 2025 2024 Equities Gilts 840,000 74,000 203,000 111,000 40,000 70,000 65,000 564,000 69,000 143,000 91,000 24,000 50,000 46,000 Other bonds Property Cash and other liquid assets Absolute retum Infrastructure Total fair value of assets 1,403,000 981,000 Page 33

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 22. Pon$lon ¢ommltm•nt$ l¢ontlnu¢d) The actual relum on scheme assets was £81.000 (2024- £60.000). The amounts recognised in the Statement ol Finantial Acb"vilies are as follows.. 2025 2024 Current service cost Inleresl income Inter8sl cost 215,000 159,0001 52,000 780,000 (41,000) 35,000 Total amount rocognlsed In the Statement of Financial Activities 208,000 7 74,000 Movements in the present value of the defined benefit obligation were as follow$.' 2025 2024 Opening defined benefil obligation Current service cost Interest cost Conlrlbulions by scheme partlclpants Aduarial gains Benefits paid 798,000 215,000 42,000 67,000 {295,0001 112,0001 536,000 780,000 30,000 56,000 {4,000) Closing dellned benefrt obllgatlon 815,000 798,000 Movements in the fair value of the Charitys share of scheme assets were as follow5: 2025 2024 Opening fair value ol scheme assets Expected return on assets Actuarial gains Contributions by employer Contributions by scheme participants Benefits paid 987,000 59,000 22,000 280,000 67,000 112,0001 639,000 41,000 19,000 232,000 56.000 Closlng falr valu• of sch8m• assets 1,403.000 987,000 The Charity has an unrecognised surplus ol £588,000 (2024 - £189,000) in respect of its defined benefit pension scheme as it does not expect to recover the plan surplus either through reduced contribulions in the future or through refunds from the plan. Page 34

K￿E COLLEGE Notes to the Financial Statements For the Year Ended 31 August 2025 23. Op¢ratlng lea$0 ¢ommltm¢nts At 31 August 2025 the Charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows.. 2025 2024 Not later than 1 year Later than 1 year and not later Ihan 5 ypars 11,129 25,167 12,817 71,211 36,296 24,028 The following le8se payments have been ret¥Jgnised as 8n expense In the Statement of Financial Acts'vilies.. 2025 2024 Operating lease rentsls 19,249 2,230 24. Related party trans¥¢tlon$ During the year, the college received a grant totalling £Nil 12024.. £2,400) from Red Hill Trust. a charity which 8ob Law. Ihe Chair of the College, is also a Truslee. Payments were made to The Social, Emotional and 8ehavioural Difficulties Association ISEBDAI. a charity which Bob Law is a Trustee of, tolalling £39412024.. £1.3741. Paymenis were also made lo Challenger Troop CIC, an entity in which Bob Law is a non-exe¢utive director, lolalling £90012024.. £3,600>. Al the Balance Sheet dale, no amounts were owed or owing in relation lo Ihese IransactK>ns. During the year. the college received income totalling £56012024.. £Nill from Canterbury Christchurch University, a universily which Pam Jones, a iTUStee ol the College, is a Governor. At Ihe Balance Sh88l date £Nil12024.. £Nill was outstanding. During the year, the college pvrchase(l a second hand car from a close family momber of Stuart Cumming, 8 member of the senior leadership team. The payment lolalled £45012024.. £Nill and was ftjlly paid by the year end12024'. £Nill. 25. Agency Arrangement The college distributss 1&19 bursary funds to students as an agent for DfE. In tho acry)unting period ending 31 August 2025 the wllege received £23,216 and disbursed £16,266 from the ftjnd, in¢luding £Nil for administration of the fund. An amounl of £16,371 is induded in other creditors relating to undistribLJted funds thal is repayable lo DfE. Comparalive for the accounts'ng period ending 31 August 2024 are £4,340 received, £1,480 disbursed and £9,421 induded in other credilors. Page 35