Charity regi¥tration nurnber 280428 (England and Wal￿>
Company reglstratlon number 1497558
THE SWEDISH FOLK HIGH SCHOOL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE SWEDISH FOLK HIGH SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustoès
P Sanders
N ￿￿SCombe
E Ingvarsson
C OIs50n
S•er8tsry
A Thatcher
Charlty number (England and Wales)
280428
Company number
1497558
Regljtered offlce
Loxdale
Locks Hill
Portslade
East Sussex
BN412LA
Audltor
West & Berry Limited
Nile House
Nile Street
Brighton
BN1 1HW
Bank•r¥
Na￿&$1 Bank PLC
Westem Avenue
Chatham Manlim&
Chalham
ME44RT

THE SWEDISH FOLK HIGH SCHOOL
CONTENTS
Page
Tnjstees report
Statement of trustees ￿SponSIbl1￿1eS
Independent audito¢s report
Statement ol financjal activitie
Slalemenl ol finanual position
10
Slalemenl ol ¢gsh flows
Notes to the financial statements
12-21

THE SWEDISH FOLK HIGH SCHOOL
TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT
FOR THE YEAR ENDED 31 DECEAIBER 2024
The trustees present their report and financial statements for the year ended 31 December 2024.
Please refer to Legal and Administrative Infomiation page for charity slatutory informat￿n.
The ffin8niial statements have been prep8red in accord9n￿ with the accounting poliryes Set out in note 1 to the
financial 5tatetnents and cotnpty with the chatty's Memorandum and Articles of A550ciation, the Companie5 Act
2006 and Accounting and Reporting by Charib"es." Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021" leffective l January 20191.
Objectives and activitieB
The school was established for the advancement, promotion and furtherance of public education.
The charity's main objective is the prowsion of high-quality educational courses for foreign students. The policy
continues to be to utilise the funds SUppl￿d by Folkhogskola Br8he5kolan and the charitys asset5 in the most
effiaenl and effective rnanner for the benefrt of the students.
Th¥ involvemènt of Folkhogskola Braheskolan ènables the charity to concentrate on the 8du¢atlon of lh& $lu¢J&nls.
The charity also supplies conference and sports facilrties to Ihe local community.
The objectives ol The Swedish Folk High Sthool for the year were to..
Continue lo provide high qualty educabonal courses for fOre￿rt sludenl8 8nd lo work tsn #ducalional
improvemènts.
Refresh our websrte and marketing inlomiation ready lor concerted promotions In 2025.
Update and improve the condrtion ol the buildings for student and staff comfort.
Continue to offer a wide range of Continual Professional Developmenl optsons for all staff.
Hire staff lo include help in Ihe Accommodabon and Sales departments
Build up reserves for future building WO￿ and repairs.
Produce a video to promtsie our courses for Youn9 Leam&rs
To ￿ndUct 8 leasibilty study lo see the viability of building a slud&nl ￿SIdence on silo.
Thè trustees have paid due regard to guidance issued by Ihe Ch8wity Commission in deciding what 8Ctivities Ihtt
charity should undertake.
The charftable company's policy is lo consult and discuss with employees matters likely to affect employees,
interests.
Inlomiation of matters of concern lo employees is given Ihrough regular meetsngs. information bulletins and reports
which seek to achieve a common awareness on the part of all ernployees ol the financAal and econornic factors
affe¢ting the perforn8n￿ of the ¢harity-
Applications for employment by disabled persons are a￿lay$ fulty considered, bearing in mind the aptitudes of the
applicant concemed. In the event of members of staff becoming disabled. every effort is made lo ensure that their
employment within the charitable company continues and that the appropriate training is arranged. It is the policy of
the charrtable company that the training. career development and promotion of disabled persons should. as far as
possible. be identical to that of other ernployees.
strategic report
The description under headings 'Achievements and perfomiance. and 'Finanual revievl meet the company law
requirements for the trustees to present a strategic report.

THE SWEDISH FOLK HIGH SCHOOL
TRUSTEES REPORT IINCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Achlevom•nts and p•rfomianeè
2024 start8d off w811 with Loxdale welcoming Swedish students. intemational adults and then a mix of 65 Chileans.
Panamanians and Peruvian5 ft>r the Wnter couf5e. It wa5 a livety and interesting couise with excellent feedback
from the group leaders and students. All wanted to ￿t￿)0k for Wnter 2025.
When the Wnter course finished. Loxdale continued with dosed courses ol teenagers throughout the Spring
alongside their adult programmes. The split of leaching adutts in one building and teenagers in the other continues
to work well.
The Swedlsh students who study at Loxdale continue to be from am soaal backgrounds induding Immigrants to
Sweden, those with mild depression, autism or Aspergers, those wilh an Incomplete secondary education,
unNersity students and mature studenls. Some have a range of menlal health issues. and the school continued to
provide monthly counselling sessions, support them Ihrough regular meetings and tutorials and individualising
support when needed.
The Summor ¢ourse$ went very well vnth wondtrrful students. There was an artide in Ihtr EL Gazette whi¢h shows
that Loxdale English Centre is in the Top 5 Summer Courses 2024.
The Principal still has to restrict the number of sbjdenls for the summer period. The pressure on accommodation in
particular means that she feels that rt was important to keep the qualty and safety of the courses high and to build
up resources gradually to ensure this. Loxdale had it'5 bvsiest year for Ihe sm811 on site residence in the summer
wrth a maximum of20 students with 2 $18ff caring for them.
Loxdala managed to recruit all the $laff Ihey needed gnd had g very SU¢￿$s1U1 $umm8r. Alrea¢Jy all the group$
have re-booked for Summer 202S.
Due lo our high British Counul scores, Loxdale was told that we We￿ slin in the lop 8¥0 of all English langU89è
leaching providers in th& VK. We w&re award&d us& of th¥ EL Gazette Cenire of Ex¢ell&nc8 logo.
A priority of the school for 2024 was to tlo some essential work lo the school and facilities. Work was done to
rebuild the showers and toilets in Loxhall and to splrt one large bedroom into rooms. This will provide extra
income from accommodation for adurts (o help build up the school reserves. One ol the social rooms was a150
rnade into accommodation.
Tho Autumn term ￿nt w¥ll, and the number of intsmalional $lud&nts inueasga.
One of the main focus for the Autumn was p￿paring for the Bribsh Council inspection which will take place in
January 2025 and making sure all staff fett confidenl and happy in their roles.
The other focus was on conducting a feasibility study on the viability ol building a larger student residence on
sile. Throu9h meetings with a quanlitative surveyor and architects 8nd inrtial discussion5 With the bank, il wa8
decided to split the ambitious plans into two phases. The inrtial phase Is to maximize the number of students in
the Loxhall building whilst increasing the qua15ty. The second phase wll see the expansion of the dining room,
create a larger common room and four dassrooms as well as more bedrooms.
During the Autumn much work was also done by Loxdale to build up and promote the Winter 2025 teenage
course and dosed group course numbers for 2025 8nd Ihis is kjoking very promising.
Loxdale also paid off both of their loans in the Autumn- the Covid loan and the long-tem) loan.
The Swedish Folk High School continues to be a commrtted member of ihe English UK Speaal Interest Group for
Young Learners and has irnproved its procedures and poliryes for working wrth vulnerable adutts and children. Anna
Thatcher. Principal is on the Board and organises training sessions for this group. Anna Thatcher is still involved
vrith Sussex Safeguarding, a dedirated Safeguarding Group for language 5thools in Brighton.
The charty continues to welcome requests from various charibes and membets of the local communrty to use the
sports hall and Conferen￿ faalities at discounted rates.

THE SWEDISH FOLK HIGH SCHOOL
TRUSTEES REPORT IINCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Flnanelal re¥l•w
The statement of Financi81 Activities shows a net deficit of £49.280 12023." £1,536 $ury)lu$l, totsl resèrves stand at
£1.074,41612023. £1,123,696) and free reserves at £35,19212023." £91,899).
The prinapal sources of income are the educational grant from Folkhogskola Braheskolan supplemented by
conference, rental, the Summer School, nofvswedish students, and closed group income.
The expenditure during the year continued to be applied to stsff costs and the premises running costs. supporting
the objectives.
The present level of funding is consIde￿d adequate to support ihe continuab.on of The Swedish Folk High School
and the trustees consider that the finanaal posrtion of the chanty is sabsfactory.
The totsl nurnber of student weeks (Swedes, Summer and Intemalional 5tudent51 was almost back lo 2019
numbers
024
3,658
023
022
.725
021
.471
020
1,343
019
.819
The Principal and Accounts Manager continue to woth together to Teact to maintsin cashllow for the school.
As in 2023, the Board eonfirrned that Ihtrir parent ￿mpary, Ftslkuniversrtelel, is in a $lron9 finanaal Situation and
this should servé as a guarantèè. Thèrè is no threat to Loxdalè's conbnuèd wort ovèr thè next year.
The trustees plan to increase free reserves to support the luture development of the charity.
Organisalional controls include an annval Teview of the controls over key finanrAal systems.
Th¥ Iruslees have assessed the major risks lo which the charitable ¢cthpany is exposod and are $8li$fied that
Systems a￿ in pla¢e lo miliyale exposu￿ lo lh¥ major ri$k$.
Plan8 lor futurè p•riod8
Plans for the future include conlinval improvemenl lo the school and the courses offered. The situation is looking
very positive for 2025 including a busy Imnler leenager course with new nationalities in January 2025 and a well
booked diary ol ¢lo$ed%roup ¢our$8$ throughout lh¢ W1n￿r and Spring. Summ&r 2025 bookings have also $¢8rted
to eome in and look very promising.
Structur•. govemane• and manag•m•nt
The charitable company is a company limrted by gu•rantee and is Iherelore govemed by ils Memorandum and
Artidès of Association.
The trustees, who a￿ also the directors for the purpose of company law, and who setved during the year and up to
the date ol signature of the finanual stalemenls were..
P Sanders
N Wescombe
E Ingvarsson
C Olsso
None ofthe trustees has any benefiual Inte￿$t in the company. AJI ofthe trustees a￿ members of the company and
guarantee to contribute £1 in the event of a ￿ndIng up.

THE SWEDISH FOLK HIGH SCHOOL
TRUSTEES REPORT IINCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
The company's Memorandum & A￿"deS state that one-third of the directors must resign each year but each can be
eligible for re-election should helshe and Ihe Board wsh it.
In accordance with the charity's procedures. new truslees. wilh an interest in the marketing and success of the
charity are nominated by Strftelsen Br8heskolan. They are inducted and supported by the Chairman. The trustees
8re ¢urrentty looking to elect one more p8rson to the BoaTd.
The trustees meet at least lour times a year to manage the chanty's affairs. At these meetings the current situation
is discussed. along with the marketing process, financial pM)srtion. major maintenance issues and funding. The
Principal makes the day-to-day derisions in running the school and meets with one or more of the Board to discuss
marketing 8nd m8Jor financi81 decis￿nS at various ty'mes. Key m8n8gemenl remunerabon is set by the Twslees.
Th¥ ¢hartty rec8NeS grant in¢om¢ Irom Folkhogskola Brah¢skolan on a monthty tsa￿$.
The Iruslees consider that the major risk to which the charity is exposed is a reduction in grant funding. However.
the increase in the number of international sludenls. dosed course income and the development of the summer
young learner courses are considered sufficient to mrtigale this risk.
Audltor
In accordan￿ with the company's artides. a resolution proposing Ihat West & Bery Limited be reappointed as
auditor of the company will be put at a General Meeting.
DlJ¢lo¥uTe of Inforrnatlon to audltor
Each of the trustees has confimied that there is no infom)ation of whth they 8re aware which is relevant to the
audit, but of which the auditor is unaware. They have further confinned that they have taken appropriate steps to
identify such relevant information and to e51ablish thal the audiior is aware ol such information.
The trustees report was approved by the Board of Trustees.
Olof Olrco
P Sanders
Trustee
C Olsson
Trustee
Dale..
28 Feb 2025

THE SWEDISH FOLK HIGH SCHOOL
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEAIBER 2024
The trustees, who are also the directors ol The Swedish Folk High School for the purpose ol company law, are
responsible for preparing the Trustees Report and Ihe financial stalemenls in accordance with applicable law and
United Kingdorn Accounting Standards Iunited Kingdom GeneraltyAccepted Accounting Practice).
Company law require5 the truslee$ lo prepare finanryal $taternents for eath finanryal ye8r which give 8 true 8nd fair
view of the state ol aYfair5 of the chanty and of the incoming resources and applicAtion of resouices, induding th8
income and expendrture, ol the charrtable company that yeaf.
In preparing these financial statements, the truslees are reqUI￿d lo..
select suitable accounting policies and Ihen appty Ihem consislentty.,
observe the methods and principles in the Charrlies SORP..
Make judgernenls and esb'm8tes that are reasonable and pwdenl..
state whether applicable UK Accounting Standards have been followed, $ubie¢t to any material dèpartures
disclosed and explained in the financial statements", and
prepare the financial stalemenls on the going concem basis unless it 1$ inappropriate to presume that the ¢harfty
11 continue in operatson.
The Iruslees are responsible for keeping adequate accounting ￿COldS Ihat disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that Ihe financial s¢aiements comply wrth the
Companies Act 2006. They are 81$0 responsible for safeguar(Jing the assets of ¢h& charty and hen¢e lor taking
r¥8$on¥bl¥ st¥ps for ¢htr prevtnlion and del¢¢lth ol fraud and other irregul8nti¢s.

THE SWEDISH FOLK HIGH SCHOOL
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE SWEDISH FOLK HIGH SCHOOL
Oplnlon
We have audited the financial statements of Thè Swedish Folk High School Ithe 'charity'l foi the year èndèd 31
Decembei 2024 which comprise the statement of financial activities, the statement of financial posthon, the
statement ol cash flows and the notes to the financial statements. induding a summary of significant accounting
policies. The financial reporting framework Ihat has been applied in their preparation is applicable law and United
Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United ￿'ngdoM Generalty Accepted Accounting Practicel.
In our opinion, the financial staternents..
give a tnje and lair view of the stale of the charitable companrfs affairs as at 31 December 2024 and of its
incoming resources and application of resourcEs. induding its income and expenditure. for the year then
ended..
have been properfy prepared in accordance wrth United Kingdom Generalty Accepted Accounting Practice,.
and
have boen preparetj in a¢¢ord8nce wrfh the requirtrments of the Companies Ad 2006.
Ba818 for oplnlon
We conducted our au¢Jit in ac￿rdanc? wrth Intem8bonal siandards on Auditing IVKI IISAS IUKII 8nd 8ppli¢able
law. Our responsibilities under those standards ar& fvrther (Je￿ribed in lh& Audiloffs fyspon$ibilili&s for tha 8udil of
the financial stètem8nÈs section of our report. We are independent of the charity In accordance wrth the ethlcal
requirements that are relevant to our audit of the finanual statements in the UK, including the FRC'S Ethical
Standard, and we have fU￿illed our other ethical responsibilil*s in accordance wrth these requirements. We believe
that the audit evidence we have oblained is sufficAent and appropriate to provide a basi5 for our opinion.
ConcluJlon• relatlnq to golng concern
In auditing the financial statements, we have conduded Ihat the trustees use ol the going concern basls of
accounting in the preparation of the financial slatemenis is appropriate.
Based on the work we have perforned. we have not identified any m8leri81 vncertsintTes relating lo evenl$ or
conditions that. individually or ¢olle¢tivety, may ¢a$t $ignifi¢ani doubt on the ¢h8rity'$ ability to continue as a going
Concern for a period of 8t least Iwelve month$ Irom wh&n the fin¥noal $tslem¥nt$ aro gu¢hori$e4 for issue.
Our responsibilities and the responsibilities of the trustees wth respect to going concern a￿ described in the
relevant sections of this report.
other InforrnatSon
The other infomiation comprises the infomialion induded in the annual ￿pOrt other than the fjnanaal statements
and our auditors report thereon. The trustees are responsible for Ihe other inforniation contained within the annual
report. Our opinion on the financial statements does nol cover Ihe other infomiation and. except to the extent
otherwise explicitly stated in our report. we do not express any form ol assurance conclusion thereon. Our
responsibility is lo read the other inforrnabon and. in doing so. consider whether the other inforrn8tion is material
inconsistent wrth the Iinancial statements 01 our knO￿edge obtained in the course of the audrt, or otherwise appears
to be materialty misstated. If we Identrfy such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise lo a material misstatement in (he financial statements themselves. If.
based on the work we have performed, we condude thal there is a mateiial misststement ol Ihis oiher infomiation,
we are required to report thal fact.
We h8ve nothing to report in this re9ard.
Oplnlons on other matters prescrlbed by the Companles Act 2006
In our opinion. based on the work undertaken in the course of our audrt-
the information given in the trustees report lor the ffinancial year for which the financial statements are
prepared, which includes the direciors, report prepared for the pu￿)seS ol company law, is consistent with the
rinancial ststements.. and
the ¢Jirectors' report induded within the trustees report has been prepared in accordance wth applicable legal
requirements.

THE SWEDISH FOLK HIGH SCHOOL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE SWEDISH FOLK HIGH SCHOOL
Mattèrs on whlch w• ar• requlred to r•port by eX￿pIlon
In the light of th8 knovAedge and understanding of the tharity and its environment obtained in the cours8 of the
audit, we have not identified material misstatements in the directors. report induded within the trustees ieport.
We have nothing to report in ￿spect of the follthwng mattets in relab.on to which the Companies Act 2006 requires
us to report lo you rf, in our opinion..
8dequ8te accountlng rectsrds havè not bèèn kept. or rètums 8dèquatè for our audit havè not bèèn rèceivèd
from branches not visrted by us, or
the financial statements are not in agreement wrth the accounbng records and retums.. or
certain disclosures ol trustees. remuneration speufied by law are not made., or
we have not received all the information and expl8n8tion5 we require for our 8udil.' or
the trustees We￿ not entitled to p￿pa￿ the financial statements in accordance with the small companies
gime and take advantage of the small companies, exemptions in preparing the trustees report and from the
requirement to Prepa￿ a strategic report.
R•$pon$lbllltl•$ of tru$t•••
As explained more fvlty in the statement of trustees ￿spOnsIbl1￿1e$. the trustees. who are also the directors of the
charity for the purpose of company law. 8Te responsible for the prep8ratHJn of Ihe financial statements and for being
satisfied that they give a true and fair view. and for such internal Control as the truslees delemiine is necessary 10
enable th& preparation of financial statÈmenis that are free from matèri81 misstatement, whether dye to fraud oi
error. In praparing thè financial stalemènts. thè trusleès ar¢ resptsnsib￿ for assessing th$ charity's ability to
continue as a going concern, disdosing. as applicable. matters relaled to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate Ihe charitable company or to cease
operations, or have no realistic allematNe but to do so.
Audltorf$ rgJpon¥lbllllle8 lor Ihe audlt of the financlal 8tstements
Our objectives are to obtain reasonable assurance aboul whether the financial sialements as a whole are free from
material misslalement, whether due lo fraud or error. and lo issue an audilorfs report that includes our opinion.
Reasonable assurance is a high level of assuran￿ but is not a guaranlee thal an audit conducted in accordance
with ISAS IUKI will always detect a material misstatement when it exisls. Misstatements can arise frorn fraud or
èrror and are considered m8tèrial if, individualty or in the aggrègatè. they Could feasonabty be expe¢l¥d lo influ&n¢&
the ¢¢onomic dècisions ol users taken on Ihè basis of thesè financial statem¥nl$.
The extent to which our procedures are capable of detecting irregu18rib"es. Induding fraud, is detailed below.
The objectives of our audit are to identify and assess the risks ol material misstatement of (he financAal statements
due lo traud or error., to obtain suffiuenl appropriale audit evidence regarding the assessed risks of material
mi5slalemenl due to Iraud or error". and to respond appropriatety to those risks. Owing to the inherent lirni181ions of
8n audit. there 1$ an unavoidable risk that material misstaterT*nts in the financial 5tatement5 may not be detected.
even though the Audit is property planned and perftsnned in accordance wth the ISAS IUKI. In identrfying and
assessing risks ol material misstatement in respect ol irregularrties, induding fraud and non-compliance with laws
and regulations, our procedures induded the following..
We obtained an underslanding of the legal and regulatory frameworks applicable to Ihe charity 8nd the
sector in which it operates. We deterrnined th8t the foll¢)wng law5 and regulation5 were most significant..
the Charitiès Act 2011, the Companies Act 20(￿, safeguaidiny legislats"on, health & safety and èmploymènt
laws.
We obtained an understanding of how Ihe charity is comptying wrth the legal and regulatory frameworks by
making inquiries to rnanagemenl.
We assessed the susceptibility of the charity's financial statements to material misstatemenl. induding how
fraud rnight occur. Audrt procedures performed by the engagement team included..
identrfying and 85se55in9 the design effectNeness of controls management has in place to prevent and
detect fraud,

THE SWEDISH FOLK HIGH SCHOOL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE SWEDISH FOLK HIGH SCHOOL
understanding how those charged wlh governan￿ considered and addressed the potential for override of
controls or other inappropriate influence over the financial reporting prctess..
identrfying and tesbng journal entnes. in particular any joumal entsie5 Posted wth unusual account
mbinations". and
8ss8ssin9 the extènt ol ¢(xnpliancè wth the rtrlèvant laws and wulabons.
A further description ol our responsibilities is available on the Finanaal Reporting Council's website at.. https'.11
w¥vw.frc.org.uklauditorsresponsibilrties. This descrription fomis part ol our auditorfs report.
Thls report is made solely to the charitable company's members, as a bo¢Jy, in accordance with Chapter 3 01 Part 16
ol the Companies Act 2006. Our audit work has been undertaken so that we M￿h1 state to the charitable company's
mernbers those matters we are ￿qUired to slate to them in an audrtor's report and for no other purpose. To the
fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company'5 member5 as a body. for our audrt work. for this report. or for the opinions we
have fomed.
MicAe//e Wert&¥*y FCCA
Mlchell• We8tbury FCCA (Senlor Sta￿l0ry Audltorl
For and on behalf of West & Berry Llmrted, StolutoryAudilor
Chartered Certified Accountan¢6
Nile House
Nile Street
Brighton
BN1 1HW
Date. .lQ.F.ob.lQ2fj.....

THE SWEDISH FOLK HIGH SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEAIBER 2024
Unrestrtcted
fund#
2024
Unrestrlcted
funds
2023
Not•s
Income from:
Donations and legacies
Charitable activities
Investments
253,523
911.195
44,745
254,484
823.036
38,747
Totsl Ineomè
1,209,463
1,116,267
Expenditure on..
Charitable activities
1,258,743
1,114,731
Totsl •xpondltUM
1,258,743
1,114,731
Not Incomellexpendltur•l and movement In funds
149,2801
1,536
ReconclllatSon ol funds:
Fund balan¢e$ at 1 January 2024
1,123,696
1,122,160
Fund balanc•8 at 31 December 2024
1,074,416
1.123,696
The stalem8nt of financial acbvillès indudes all 98lns and losses rfjcognlsed In the year. All incomè and expendtture
derlve from continuing activities.

THE SWEDISH FOLK HIGH SCHOOL
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assets
11
1.039.224
1.031,797
Currnnt assèts
Debtors
Cash at bank and in hand
12
218.609
177.340
235.186
434.857
395.949
670.043
Cr•dltors'. amounts lalllng du¢ vAthln
one year
14
1360.75n
1493,3191
Net current assets
35.192
178,724
Total a88et8 le88 cumnt IlabllSlle8
1.074.416
1.208,521
Credltor3'. arnounts folllng due after
morè than on• yèar
15
184,8251
Nèt a$8•t•
1,074,418
1,123,696
Thtr lund# ol th¥ charfty
Unrestricted funds
1.074.416
1.123,696
1.074.416
1.123.696
28 Feb 2025
The financial statements were approved by the trustees on .......................
Olof Olr¢o
P S8nder$
Tru8te•
C 01sson
Trustee
Company registration number 1497558 (England and Wales)
10-

THE SWEDISH FOLK HIGH SCHOOL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEAIBER 2024
2024
2023
Note$
Cash flows from opèrating aetlvitl•s
Cash (absorbed byllgenerated trom
operations
20
(174.8681
101.627
Inv•stlng aetlvltl•s
Purchase of tsngible fixed assets
Investment Income received
114.6361
44,745
121.6871
38.747
Net cash generated from Inv•stlng a¢￿VItIes
30,109
17,060
Flnanclng actIvI￿•S
Repayment of bank loans
1112.7581
125,3611
N•t cash u8•d In 1Snanclng aetlvltl•8
1112,7581
125,3611
Net Idecrea8e)llncrea8e Sn cash and ca•h
equlvalents
1257.5171
93,326
Cash and cash equivalents at beginning of year
434.857
341,531
Cash and ¢•$h ¢qulv•l•nts •t end of y•ar
177,340
434,857

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEAIBER 2024
Aecountlng pollel•s
Charfty Snforniatlon
The Swedish Folk High Sthool is a private company limited by guarantee incorporated in England and Wdles.
The registered office is Loxdale, Locks Hill. Portslade, East Sussex, BN412LA.
1.1 Accounting convention
The financial statements have been prepared in accordance wrth the charity's Memofandum and Articles of
Association. the Companies Act 20LK. FRS 102 -The Finanual Reporting Standard applicable in the UK and
Republic of Ireland. I"FRS 102.1 and the Charities SORP"Accounling and Reporting by Charities.. Stalement
of Recommended Practice applicable lo charities preparing their accounts in accordance wrth the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leffeclive 1 January 20191. The
charity is 8 Public Benefit Entity as defined by FRS 102.
The financial $tatemenl$ a￿ p￿pared in slewling, whicj) is the lunth'onal curnency of th¥ ¢harty. Monetsry
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prePa￿d under the hISt￿lCa1 cost convention. The principal accounting
policies adopted a￿ set out below.
The accounts compty wth FRS 102.
1.2 Golng ¢on¢¥m
At the time of approving the financial stalements. Ihe trustees h8ve a reasonable expectation that the charity
has adequate resources lo Contynue in operabonal existence lor the loreseeable ftjture. Thus. the Iru5tees
¢onlinu& lo adopt the going conc¢m bo$i$ of a¢¢ounling in preparing the finanu81 $10t&menls.
1.3 Charttable fundi
Unrestricted funds are available for use at the discretion of the irustees in lurtherance of their charitable
objecbves.
Thè charity establish811 8 desi9nated fund as a rèservè to protect againsl industry downturn, perform
emergency repair work. or other uses al the discreb.on of the trustees. In nomial years, the fund shall equate
to 300/0 of the annual surplus.
1.4 Incom•
Grant and rental income are induded on a rerENable basis. Course fees received in advance are deferred.
Funds rècèived as Agent rèlalin9 to a¢commDdation are not recognisèd in Ihè a¢counts.
1.5 Expendlture
Expenditure Is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty. it is probable that a Iransfer ol economic benefits will be required in settlement, and the arnount of
the obligation can be measured reliabty.
Expenditure is d8ssrfied by acknvity- The Costs of each aL1ivrty ale made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated direclty to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single aclivty are apportioned befvleen those activities on a basis
consistent with the use ol reSoUr￿s. Central staff costs are allocated on the basis ol time spent, and
depreuation charges are allocated on the porbon of the 8s5efs use.
12_

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Accounting policies
(Continuedl
Resources expended ale indudeil in the Ststement of Finan(xal Adivrties on an accruals basis indusive of
any VAT which cannot be recovered.
Charitable expenditure are expenses inCu￿ed directy in pursuance of the chanty's principal activty and
support costs relating to this actsvity.
Support costs are those lncJJ￿d in connection with nJnn￿g the charity that enabks the charitable activity to
be undertaken.
Governance costs are those ￿curred in the governance of the charity and its assets and are primarity
a$$ociatéd with constitutional and statutory requirèments.
1.6 Tanglble Ilxed as¥el8
Tangible fixed assets are inrtialty measured at cost and subsequentty measured at cost or valuation, net of
depreciation and any impairment losses.
The Charity has a policy of caprtalising fixed assets that cost in exces8 of £250.
Depreciation is recognised so as to wrile off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Plant and equipment
Motor vehicles
2% straight line (where above residual value)
25% ￿￿v¢ing b818n¢e
25% reduung balance
No depredation Is provided in r6spect of freehdd land and buihjings. Th• Charlty has a poll￿ ol hlgh
maintenance ol the building and the trustees feel that this leads lo a h￿h residual value such that depreciation
would not be material.
The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds
and the carrying value of the assel, and is recognised in the slalement of financial activrties.
1.7 Impalm•nt of fix￿ ag8•ts
At each reporting end dale. the charity reviews the carying amunts of it5 tangible assets to determine
whether there is any indication thal those assets have suffered an impairment 10s5. If 8ny such indication
exists, tre recoverable amount ol the assel is esbmate(J in grder to ijetetmine the extent of the itnp8irment
loss lif any).
1.8 C¥$h and cosh equivalents
Cash aThd cash equivalents indude cash in hand and deposits held at call with banks.
1.9 Flnanclal Instruments
The charty has elected to appfy the provisions of Section 11 'Basic Finanaal Instruments. and Section 12
'Other Finanaal Instrumenls Issues, of FRS 102 to all of its finanaal instnjments.
Fin8ncial instrurnenls are recognise(l in the chaiity's balance sheet when Ihe charty become5 party lo the
onti8ctual provisions of the instrument.
Financial assets and liabilrties are offset, wth the net amounts presented in the financial statements, when
there is a legalty enforceable right lo set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and setue Ihe liability simuhaneousty.
13-

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Accounting policies
(Continuedl
Basle finanelal ass•ts
Basic finanrial assets. which indude debtors and cash and bank balances. are initially measured at
tr8ns8ction price including transaction costs and are subsequenty carried at 8mortysed c05t Using the effective
interest method unle55 the arrangernent oon5titutes a financing transaction. where the tr8nS8Ction is
measured at the present value ol the luture receipts discounted at a market rate of interest. Finanaal assets
classified as re￿1vable within one year are not amortised.
Basic financial liabilities
8asic financial liabilities. induding creditors and bank loans are inrtially recognised at transaction price unless
the arrangement constitutes a finanung transaction. where the debt instffjment is measured at the present
value ol the future payments discounled al a market rate of inlerest. Finanaal liabilities classified as payable
wrthin one year are not amortised.
Debt instruments 8re 8ubsequentty carried at amortl8ed cosl. using the effective interest rate method.
Trade creditors are obligations lo pay for oocrfls or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due wthin one
year or less. If nol. they are presenletj as non-currenl liabilities. Trade credrtors are recognised initially at
transactMJn price and subsequentty measured at amortised cost using the effective interest Method.
Dorecognition ol finonclal liobiliti•s
Financial liabilities arè dèrecognised vthen the charity's contractual obligations expire or 8r& discharged or
cancelled.
1.10 Ernploy￿ benellt•
The cost of any unused holiday frntthment Is recognlsed In the penod in which the employee's seNkes ar6
received.
Terrnination benefits are recognised immedialety as an expense when the charity is demonstrably cornmirted
lo termin8le the employment of an employee or to provide terminalion benefits.
1.11 R•tlr•mont bonèfit8
Payrnenls to defined contribUt￿n retiremenl benefft scheffles are charged as an expense as they fall due.
1.12 Forelgn ¥x¢h4ng•
Transactions denominated in foreign cuThenues are recorded at the rate ruling at Ihe date of the transaction.
Monetary assets and liabilrties denominated in fOre￿n currencies are Iran51ated into sterfing at the rates of
exch8nge ruling at the b818n¢e sheet d8te. Nl dtherences are indude(l in net oulgoing5 re$0urce$.
1.13 Fund8
The fvnds ofthe charity are al unresiricted.
1.14 Value added tax
Value added tax is nol recovered by the chanty and as such is induded in the relevant costs in the Statement
of Financial Adwi1￿5.
14_

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
c￿tIcal accoun￿ng •stlmat•s and ludg•mènts
In the application of the charity's accouniing policies. the trustees are required to make judgements, estimates
and assumpts'ons aboul the carying amount of asseis and liabilrties that are not readily apparent from other
source5. The estirnates and as50¢iateil assumptions are based on historical experience and other factor5 that
are considered to b8 relevant. Actual reSU￿S rnay drffei from Ihe5e estimates.
The estimates and un¢Jertying assumptions afe reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimale is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
In¢om• from donatlons and l•gael
Unr•8t￿¢t•d
fund8
2024
Unr•strlct•d
funds
2023
Grants
253,523
254,484
Incomtr from ¢harltabl• •¢ilvlti
Unre¥trfcted
fund•
2024
Unreotrlcted
fund8
2023
Incom•
Incoming resources froffl ¢harit8ble actpirties
911,195
823.036
Funds rè¢eiv¢d 8$ agent not rs¢ognisgd in the a¢¢ount$ £530.42812023.. £501,123)
Income from Investment¥
Un￿1￿Cled UnrvJtrl¢ted
funds
funds
2024
2023
Rent81 incowne and bank interest
44,745
38,747
15-

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Exp•ndltur• on charltsbl• aetlvltl•s
Unrestricted Unrestrlcted
funds
funds
2024
2023
DSrect Costs
Stsff costs
Depreciation and irnpaiment
Commission and discounts
Materiavlibrarylstudent
Staff Canteen￿elfarelentertainmen{
Building costs
Marketing costs
Bus passes
Other administration costs- main
R8presenlationlBribsh Counul
Subscriptions and professional lees
Bank charges
Loan interest
Loss on disposal of tangible fixed assets
529,966
3.256
35,747
342.601
12,S19
217,448
12,741
23,865
32,737
6,012
16.202
2,243
7,049
3,956
474,291
5.777
29,024
328.658
14,261
152,519
11,843
29,499
32.920
5,271
2.268
2,262
9,930
3,181
1.246,342
1.101,704
Shartr of Support and gov¢m•n¢¢ ¢o•t• (•#• nott I
Governance
12,401
13,027
1.258,743
1.114,731
AnalyBl• by fund
Unrestncted funds
1,258,743
1,114,731
Govtsrnance costs Includ• payments to th6 audrtors for audrt fees of £5,650 {2023." £5,650) and non-audtt fees
£4,10012023." £4,100).
Included in expenditure above are operating lease payments of £3.74412023'. £3,744>.
Support wsls are costs incurred to facilitate an activity. Unlike direGt costs. which result directly from
undertaking the actNty. AI costs above ielate diieclty to the one actNity of running of the school, support
costs including p8yroll and finAnce arè not considèred m8tèri81 to disdose separ8tèty as support costs.
Net movement In funds
2024
2023
The net movement in ftjnds is stated after chargingllcredrtingl.
Fees payable for the audit of the charity's ffinanci81 ststements
Depreaation ol owned tangible fixed assets
5.650
3,256
5.650
5,777
16-

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Trust••s
None of the tTUStees IOT any persons connected with them) receNed any remuneralion or benefits from the
charity during the year.
Th￿¢ trustees wer8 reimbursed fr)r a¢¢omm(xlation expenses totalling £320 durin9 th8 y&ar12023". Nill.
Employees
The average monthty number of employees during the yearwas:
2024
Number
2023
Number
Administrative
Teaching
P￿rni$$$
15
14
To¢o1
23
22
Employm•nt ¢o¥ts
2024
2023
Wages 8nd $818ries
Soaal security costs
Other pension costs
486.641
31,366
11,959
438.410
26,640
11,241
529,966
474,291
The number 01 ernployees whose annual remuneratson was Mts￿ than £60.IJOO
is as ft)Ilows'.
2024
Numb•r
2023
Numbèr
£60,000 to £70,OC¥)
Rèmunèration of kty manag•mtnt pèrnonn•l
The remuneral'on ol key management pefsonnel was as folows:
2024
2023
Aggregate compensation
63,332
59,421
10 Taxation
The charty is exempt from tax on income and gains falling wrthin seth.on 505 ofthe Taxes Act 1988 or seth.on
252 of the Taxats"on of Chargeable GainsAct 1992 to the extent that these are applied to rts charitable objects.
17_

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
11 Tanglblè (lx￿ ass•ts
Frwhoml land
and bulldlng5
Pwnt and
Motor
vehl¢les
Totsl
C￿t
At 1 January 2024
Additions
Dispos815
1.017.650
11,807
69,434
2,829
128,6431
800 1.087.884
14,636
128.6431
At 31 De¢ember 2024
1,029,457
43,620
Boo
1,073,877
Oepreclatlon and Impalrnient
At 1 January 2024
Depreciation ¢harged in the ytrar
Eliminated in respect of disposals
55,392
3,229
124,6881
693
27
88,08S
3,256
124,6881
At 31 December 2024
33.933
720
34.653
C•rrylng omount
At 31 December 2024
1.029,457
9,687
80 1.039,224
At 31 December 2023
1.017.650
14,041
106 1.031,797
On adoption of FRS 102 Ihe deemed cost exemption was applied to land and buildings with a c8rrying value
of £1.000,(￿o.
Al the 31 December 2024. had Ihe revalued a5sels been carried at historical cost les5 accurnulaled
depr&¢ialion and ac¢umyl8led impaimient lo$s&$. their Canying amounts would have been 8pproximale
£948,03212023.. £936,225).
12 Oebtorn
2024
2023
Amounts falllng due wlthln one year:
Trade debtors
Other debtors
Prtpaymènts and accrued incomè
169,735
7.952
40,922
168,537
11,554
55,095
218,609
235,186
13 Loans and overdraft
2024
2023
Bank loans
112,758
Payable wrthin one year
P8yable after one year
27,933
84.825
18-

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
13 Loans and overdrafts
(Continuedl
The long-term loans weie secured by fixed charges over the freehobj land and building, and were repaid in lull
during the year.
14 Creditors.. amounts falling due within one year
2024
2023
Not9¥
&ank loans
Other tsxation and social security
Deferred income
Trade creditors
Other c￿drtOrS
Accruals
13
27,933
12.748
418,384
11.622
8,248
14,384
8.217
326,542
6.369
4.346
15,283
16
360.757
493,319
15 Credltor•.' arnounts falllng due after more than one year
2024
2023
Not•8
Bank108ns
13
84,825
16 D•lèrr•d Ineom•
2024
2023
Arising from course fees
326,542
418,384
Deferred income is indu¢Jed in the finawal slatemenls as follows..
2024
2023
Deferred income is induded within..
Current liabilities
326,542
418,384
Movements in the year..
Deferred income al 1 January 2024
Released from previous periods
Resources ¢Jeferred in the year
418.384
1418.3841
326,542
271.674
1271.6741
418,384
Deferred income at 31 December 2024
326,542
418,384
19-

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
17 R•tlr•m•nt ￿n&fit seh•m•s
2024
2023
Defined contrlbutlon scheme8
Charge to profit or loss in respect of defined contribution schemes
11.959
11.241
The charity operates a defined ￿ntribUll0n pension scheme for all qvalfying employees. The assets of the
scheme are held separalety from those of the charity in an independently administered fund. The pension cost
charge represents ￿ntributionS payable by the ch8ntable comp8ny lo the fund.
Th¥ pension Ilabiliti&s outstanding al the year end were £1.38412023-. £1,114)
18 Operatlng lease commltments
L•s8ee
At the reporting end date the chaity had outstanding cOmmrt￿nts for ftrturo mlnlmum l¥as¢ payment$ under
non-cancellable operating leases, which f￿1 due as lollows..
2024
2023
Wlthin one year
etween two and five years
3.744
4,608
3,744
8,352
8,352
12,096
19 Related party tran8actlon¥
Tru•té•$
There are no related paty transactions with any tnjstees for both the C￿r￿nt and prior year.
20 Ca8h lab8orb•d byV9•n•rnt•d from op•rntion•
2024
2023
IDeficilllsurplus lor the year
149.2801
1,536
Adjustmènts for:
Investment income recognised in slalemenl of finanryal actiwDes
Loss on disposal of tangible fixed assets
Depreci8tion and impairment ol langible ffixed 8ssets
144.7451
3,955
3.256
138.7471
3,181
5,777
Movèm•nts in working capital=
Decrease in debtors
IDecreasel In creditors
IDecreasellincrease in deferred ino)me
16.577
112,7891
191.8421
5.679
122,5091
146.710
Cash labsorbèd byVg•ntrat•d from 0￿ratiOnS
{174,8681
101,627
-20-

THE SWEDISH FOLK HIGH SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
21 Analysls ol Changès In nèt fvnds
At f January
2024
C•sh At 31 DKembfyr
2024
Cash at bank and in hand
434,857
1257,5171
177,340
Loans tslling due within one year
Loans falling due after more than one year
127.9331
184.8251
27.933
84.825
322.099
1144.7591
177.340
21