Charlty reglstrntlon number 281859 Company rfjglstratlon number 01508650 (England and Wal•sl THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rlchard Day Robert lQdd John Rudd Richart1 Stewart MBE John llernan Kalh8rin& Wells AAichael West Nigel Pararnor (Appointed 20 M8rd120251 Secretary Phillp Hopkins Charlty nurnber 281859 Company numb•r 01508S50 Chlef exo¢utive Philip Hopkn"n$ Reglstered offl¢• 33 P8lmeira Mansion5 ChU￿h Road klove Easi Susgèx BN3 2GB Audllors Frien&James Llmrted 4th Floor. Park Gate 161-163 Preston Road Brighton East Sussex BN16AF THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE CONTENTS P•gg Trustees, report Slalemenl of Iru8lee8' ro8Fwlbllttles Ind•ynd•nl eudllor's r•pryt Sljlement of ffnandal act1¥￿83 10 Sl81omenl of fln&nci81 po6lJon 11 Slalfjmfrnt of ￿¥h flow• 12 No183 to the flnoncl81 staleAnènl8 13-25 THE ENGLISH LANGUAGE CENTRE ACOMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 The Iru8teos pre8ent thelr report and accounts lor the year ended 31 Dec8mbèr 2024. Tht accounts have bgen pr8p8rgd In accordance wllh th¢ accounllng pollcSe8 8Ot oul In nol• 1 to Il* 8¢counl¥ and comply wllh Ihe ch3rlty'9 Memorandum and Artl¢le8 ol Ajsoclalion, the Companles Act 2006 and Accounting 8nd Reportlng by Charllie¥'. Stslemenl ol Recornmènded Pr8ellce oppllc8ble lo ch8rltles preparlng lielr a¢¢ounl8 in accordanco wllh the Flnanclal R&porting Standard applicable in tha UK and Republlc of Ireland IFRS 1021" las Em¥ndod ltsr accounting porlods ￿MMan¢Ing trom l Jenuary 20191 Oblectlv•$ and 4ctlvltle8 The ¢harity'8 oblgcl and IIB prln¢lpal actlvlly conl[nu￿ lo be ihal of provldlng eclucatlonal 68rvlce8 lo forelgn Students, includlng the prevl$l¢n ol s¢holar8hlps and Iho dovelcpmont ol moièrl818 and method$ ol leachlng Engll¥h •6 8 forelgn lanou9ge. The alms ol thè charity are the advaneemenl of ¢ducallon fcr th• publlc benefit through.. the taachlng ol Engllsh as a loreign langu8gg, promollng InlèrGullurBI undgr8tandlng 8nd encouraging appraclalion ol the different wayo we 811 Ilve. Ihlnk 8nd18arn. th8 inslllullon and organi881ion of ¢hafllablo 8choolJ lor 19Bchlng En9llsh 0$ a f¢r8lgn languago In the UK. the provl8lon o18cholarghlp8 •nd the dovelopménl of malerfa18 and melhtrJ6 of 188ch1ng Engllsh ag lorelgnlonguage, Th• core valu88 ol Ihe ¢harity In furthorance of It8 obSecls 8re', Excell•nc•: lo offeT Ihe hlghe8t $18ndard8 in l•@chlng, Iralnlng. 88rvlces and facllllie8. Intfrgrfty: lo bè hong51, falr and glhlcal In all relallon8hlp8. Innov•tlon'. bell•ve In con81anlly revlewlng and devoloplng our leachlng, la¢llllies, s•rvl¢e¥ and 8laff. Raspeet: endoavour lo Irèal everyonè equally and wlth reoped, understandlng ihal evgryone unlque with dlfferenl needB and dlvgrenl g¢81•. Collaborgtlon: rècogni89 thè Importance of workn'ng and sludylng together, 88 a tearn. l of Ihg charily'8 acllvi1188 are ch8rft8blè, Any finan¢S41 surplus is avall8ble lo fund lulure devèlopment$ ol the charlly in pursuli of Its objects. The trustees have paid du8 rfrgard lo guldonce issuèd by thè Ch8rlty Comm18slon In d&cldlng wh81 adivllleg th6 charlly 8hould undertako. Tho aclivllles aro budgg18d lo méèt the charltvs need8 01 the exp8el•d le￿1 ol slud8nl8 THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Strateglc report Achlevements and pèrformancè 2024 started strongly bul booklngs from June trnwards Started lo drop In nearfy all martets re5uAing In a weaker y•ar than forecast, This led to 8 lower than foreca81 Surplus. The main reason for this fsll in booking8 8fjem8 10 be 8 weak global economy, hlgh ¢0$18 of Ilving. and a$ a rosutt. lower dlspL>88bl8 Incom8. JI threa schools wer& Inspected by the 8rf11sh Council wllh excellent result8. Based on the EL G&ètte's review of British Council Inspection re8ull$, ELC is nurnber ¢ne group of schools in the UK with ELC Brighton ond ELC Chester sharing jolnl first In the ranklngs wil* 15115 over811 Are08 Lif slr8ngth. ELC Easlboume a¢hiev8d 12115 overall areas of 8lrenglh. The charlty continued lo prtsvide 8cholarshlps and gran16 to ¥Mden ac¢ess and support local, natlonal and Inlernationol organlsalion8 in accordance with ils charllable object3. The tharity provldod tuition scholarshlps lor Ukralnian refugees al all three schools and offered bNo scholarships lo enable over8eos teacher$ of Engllsh lo attend the IATEFL Ilnlornallonal As8ociation of Teachers ol Engllsh 38 8 Foreign Language) conforènce. The charrty conllnu8d to Support Ihe Ioc81 comrnunlly by offerlng Sub￿dIs9￿ rgntal of clas$rr)oms lo local educational organisalions Brlghton In the evonlngs le.g. Philo$ophy Socielyl. There continued lo be a gDDd number of governrn¢nl Sponsored students Ilhrough regionallnallonal governrnenl progr8mm&s in Saudi Arobla and Oman) and a small numbor ol teachers 51udylng on overseas 108chers' development ¢oursés (and General Engllshl with lundlng from the Eu's Erasmus+ programme. Flnanclal revlew The Statement of Fin8nd81 Activities shows a surplu$ ol £6,989 12023,. surplus of £182,68718nd unresidcled funds stand at £592,69412023.' £583,705). The freehold land and bulldlng8 were révalued In 2018. The reserve stands al £5,844,288 12023.. £5,844,286). Total re8erves 8t 31 Dgcember 2024 were £6,438,980 12023." £6,427,991). The Iruslees are sallsfied that tho necessary finance and Systems aro In place to enable the charty lo malnt81n financial sustainability, The trustees have opproved the ratlonallsallon of borrowings W11h the 8lm of en$urlng the future of the charity. The Iru51ees rovlewed the charity's rgserves pollcy The charlly has a policy of h¢lding suffiaienl reserves to fund major refurbi8hment works lo update th8 Ihree ¢enlrè$ and their properties. This is ongoing work and il is expected th818 simila¥ levfrl ol reserve5 will be requlred in tho future. The Iruslees hove a poll¢y in pla¢8 that any temporary cash surplus is held in an inlerost-begrlng 8ccounl. Golng conc&rn Aftor consldering thé c(Impany's forecast for the next 12 months, the trustees have a reasonable expeclatlon that the charty has adequate cash and resourcgs to m?&1 all requiremenly lo continue In operational exi51en¢o for the loreseeablg ftjluie, Accordingly, they continue lo adopt the golng concern basls of preparallon. Plans for the futu 20251¢)oks like il wlll be a ch8ll&nging yBar. In addH6on to a renewed focus on marketlng. ihe ¢hqrity will also take cost cutting measures includlng reduced expendilure on repairs and r&de¢orallgns, not replacing departing s;aff and Ilmlled redvndancies. There wlll be a rnajor review of all a5P0¢ts 01 coursgs and piovi8ions lo address the ¢h8nges in 51udent demogr8phic5. Finally. ther¢ will be a renewed drive lo recruit new Iru81868 to the board. THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DEGEMBER 2024 structure. govfyrnance and manag•m¥nt The charity Is a company lim(ted by guarantee and Is therefore 9ovgm8d by a Morn￿andum and artlcbs of a$sodallon. The Leg818nd Administratlve Inlornalion p890 fo￿3 part of thi5 rewt The trustees. who are alGO the rjiroctors for thè purpos¢ of rompany law. and who 5orv¢d durlng the yèar and up to the dale of signature of th8 financial statements were". Rlchard Day Robert Kidd John Rudd Richard Stewart MBE John Tieinan Katherine Wells Michaal West Nlg81 Paramor (Apwinted 20 March 202SI None of the trustees ha¥ any beneficlal Interest In the company. l ofthe Iruslees are members of the cLmpany and 9uarnntee to contribute £1 in tho avent ol 8 ￿nd￿n9 up. The Board ofTru$tees requires breadlh and depth of exp8rience10 ¢8ry Out duOe3 offectively and effidenlly. The re¢ruitment of suitable persons wllm the Imè available tg give is a￿ayS 8 difficult task. However. the trustees seek lo ensure that the followfflg attribul&8 are iepreBented arnong$l rt6 m8mbers'. Le9al background - Flnancial l accounting eyperience Edu¢alion expen¢n¢e - Business experi6nce at a senior manag8m8nt levol Diverse backgrounds The tNstees receive support with trairung where apprcspriate. The Iru51ees are responslble for the over811 m8n8gement ol the th8rity and mget al least four Ilmes each yèar. Al Irustees give ol their lime freely and rec8fve no remunorallon or other benefit from th•ir work wlth the charity. The Iruslees determine the general poliry of the charity. The day to day runnbng of tha charity Ls delegated to tha chief execulive the Senior man8gement team. The chief &xecutNe and the senior management team undertake the key lea¢Jership role overse8ing educational, omployrnent and admlniBlralNe functions. The ¢hlef ex8cutive is invrf(ed lo attend meetings ol thè trustees. and Ihe cl)igf executive has also undertaken the role of company secretsry. Key management remuner8bon is set by a ¢omrnitlee appc>inted by the board includlng extemal advisors. The trustees havè 89ses66d the major risks to whith the charity Is exposed. and are satisfled that systems afo in p18ce lo mltigale exposure to the mal¢f risks. Tie eharity ha$ 8 policy lo cover all external Insurable risks. lrttemal ri8k5 are minimised by the lrnpl•menlalion of proTrdures for authorisallon of all Iransa¢lions and projects. These PTocedures are periryJi¢alty revitswed to en8ure Ihal they Still meet the neèds ol th¢ chartty. There are no acts.ve connècte¢l charitie5 vllh whom the charity has matenal transaction8. Asset cover forlunds The lunds ol Ihe charity are all unresln.cted for charitable purpose8. These assets are consid&red sufficient lo meat the charity's obligations. THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employeo Involv•mont Appllcatlons lor ernploymani by dlsabled persons 8r8 8Iw8y8 lully consideffjd, bearing In mlnd th8 apliludes ol the appllc8nl ¢oncerned. In the event ol members of 8lafl becomlno dlsabltd, ev8ry effort18 made 1¢ on8ure that théir employmont within the charlly Conllnuos and that the approprlglg training Is arianged. 1118 the pollty ol the charity that the tralning. cgreer developmonl Jnd promotsgn of di88bled p8r$ons Should, 88 18r a8 POSBSble, be Id?ntlcal lo that ol other employ988, Audltor In awordan¢e ￿1￿ the company'8 artlcle8, a resolullon proposlng that Frlend.Jame8 Limlled be r88ppolnled as audrtor ol tho company wlll bts pul al a G&noral Mèèllng. Dlsclo8ure of Inlormatlon to audltor Each ol the Irusleoj h8$ ¢¢nflrmfjd that there 18 no Infgrmallon of whlch they are awar8 whlchlg rglevanl lo the audll, bul of whlch the gudltor ib un8w8r•. They hov8 further confirmed th81 they have taken approprlale $19P$ to Idtnllfy BuGh rolwont Inlormallon ond to gBtobllsh that th8 audltor18 aware of such Informallon. Th8 Iruslo98' report. In¢ludlng th8 81r8leglc rgport, WOB approved by the Board ol Tru8te86, Rl¢h# Trustee Dated.. 8 Jun8 2025 Stewart THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees. who are also the dlro¢lors of The Engll8h Languag8 Centre lor the purpose of Company law, are re8ponsible for proparlng the Tru$t6e8' Report 8nd the Inanclal s18lements In accord8ncg with appllcablg law and UnSl•d Klngdom Accounllng Stondar¢s IUnlt8d Klngdom Generally Accepted Accvunbno Pra¢tlcel. Corrpany law rèqulr8G the Iru8lee8 lo pr8pare Ilnanclal slaloment8 for e8ch flnanclal year whlch glve ¥ true and folr vlew ol Ihg slate ol affalrs ol th& charity and ol the incomlng resources and applleallon of rosource3, Inclydlng the income and expendllure. ol th? charllablo Gompany for Ih81 year. In Pfep8rlng Ihe6e financial 8lalomént8, the Iru6tee8 ore requlred lo,, select 8ullable aocounllng pollcles and then apply them conBl8lenlly', observe the melho¢6 and prlnclples in the Ch&rllie8 SORP., make ludgemonl$ ond 881irnale8 that arg reosonable and PTud•nl', State whether appllcable UK Accounting Standards have been lollowed. subl8cl lo any rn81èrf81 d•porture8 dl8¢1088d and èxplained in thè flnanclal 8lal8menlg. and prepare the fln8ncl818181omgnls on the golng conc•m bA81s unles8 11 18 Inapproprlale lo prasurne Ih•l the eharfly wlll conllnuè In operafjon. Th• Iru8lee6 arè fe$ponslblg for kggping odequale occounllng records Ihal dl$clos8 wllh raasongble accuracy al any lim& the flnan¢ig1 po8ill¢n of th• ¢harity and 8nable Ihtsm lo anguro that the flnanclal s10lem•nl$ comply with the Compani8$ Act 2008. Thay are also responslble for safeguarding the 888815 01 th¥ Ch9r￿Y end hence for taklng reasonable 81ep8 for th8 pravenllon and delectlon Of fraud anil Other Irregularllles. THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ENGLISH LANGUAGE CENTRE Oplnlon We have 8udlled the financial 5181èment8 ol The En9llsh Languago Contre (the 'charily'l for the yoar ended 31 D8cernber 2024 which comprise the slalem8nt of financlal aclivill&ts. th6 51alemenl ol financial poslton, the 8ialemenl of cash flows and notes lo Ihtr llnancial $lalements, including 81gnlflcant accounling polleles. The fingnelal reportlng frarnework that has been applied in their preparBllon Is appllcable law and United Kingdom Accounting Standards, including Financlal Reportlng Standard 102 The Fin8ncial Reporting Slandard 8pplft¢&bl& in the UK 8nd Rapublic of lTr1gnd (United Klngdom Generally Accepted Accounting Practic81, In our opinlon. the flnancial slalomènts.. give 8 true and fair vlew ol the 81ale of thé charllable wrnpwy's affaiis as al 31 D&¢&mber 2024 and of itg incoming rasources and appllcalion of resources. lor the year then ended., have been pr¢perly prgpar8d In accordance with Un116d ￿ngdoM Generally Accepted A¢￿U￿￿ng ProCtic8.' and have been prepared in accordancè ￿th the Tequir8ments of the Companies Act 2008. 8asl8 for oplnlon We conducted our audll In accordance wlth Inlemalional Standard$ on Auditing IUKI IISAS IUK)18nd app1I¢8b law. Our responsibilities under Ih05e sl8ndard$ are further de8crlb8a the Audllorfs rssponslbilllitss for the eudil ol tho fin8nci81 slafemenis section of our report. We are Indèp8ndenl of the chadty In acc)rdance with the olhical requlrements that are r&lev8nl to our audit ol Ihg flnancbal st81Èmgn15 the UK, including the FRC'5 Ethical Standard, and we have fulfilled our olkar glhical r88pon$lblli118s In accordanco wlh these roquirements. We believe thal the audit evid8nce we havo obtained is suffiaenl and approprial8 lo provid? a basis lor our opinion. Concluslons rel¥tlng to golng concern In auditing the flnancial 3t81emenls, we have concluded that the Iruslees, use of ihe golng concem ba$ls of ac¢ounting in the preparallon of the finandal statements18 appropriate. Based on the work we have performed, w8 have not id8nlified any mAlerial uncèrtaintles re1811ng lo ev8nl8 or conditions that. in(Jlvidually or co15eclively, rnay cast signlficani doubl on the chBrlty's abllily lo contlnue as a going concern for a period ol at lea51 twelve months trom when the financlal slalemen18 8r8 aulhori5$d for Issuo. Our respon8 bllitios and the rgsponslbilities of th& trustees with respect lo going concern are d&$cribed in 11 relevant sections of this report, other Infomiotlon The other Infgrmalion comprises tha Information included in the annual report other than the fin3n¢ial statements and our auditor's report Ihereon. The trustees are re8ponsiblo lor the other information conlolned ￿thIn ttta annual report. Our opinion on th6 financial 81alemenls does not cover the other inform3llon and wè do not express any form of assurance conclusion theraon. Our re8ptsnsibility 18 to read the other inlormallon and. in doing so, Consider whelh•r the othet informatlon 13 m8lerl8lly SnconsiElenl wilh the linoncial slalemenls or our knowledge oblalned in the course ol thè 8udll, or olherwise appears to be materially rlli$slalad. 11 we Identify such material Inconslstendes or apparent malerlal misstatements, we 8T¢ required lo determine wholher Ihls giv9s ris8 lo a malarial rni531alernefit in the linanclal slalemgnls themselv95. If, based on tho work we have perforrned, we conclude that there Is a mal8rlal rnlBslalemont ol thls olhgl Information, we ar& required lo ￿pOrt that fact. È have nolhlng lo report in Ihls regard. Oplnlons on othèr matters pr¥scrlbed by tkg Companlgs Act 2006 In our oplnion, based on the work unaerlaken In the course of the audll, the informatson given in the trustee$, r&port, which includes the direct¢r$' report 8nd the slralegi¢ report prepared for tho purposes of company18w. for the financi81 year for whlch the fin8n¢iel slatemonts are preporod Is conslstent wllh th? lingncial 8lalements', and the direcloTs' report the stralÈglc repom Includad wilhln the Iruslees, report ha8 beon prepared in accordanc8 wlth applicablelègal requirem$nts. THE ENGLISH LANGUAGE CENTRE ACOMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF THE ENGLISH LANGUAGE CENTRE Mattèrs on vA)leh we arn r•qulr8d to report by 8xcpptSon Wa havo nolhlng lo report in respect of the lollowlng mallefs In relation to which the ChaTIUos IAc¢ounts and Reports) Regu18tions 2008 require6 US to report lo you if, In our oplnlon.. the Inlom81ion glven In tho flnancial slalern&nls Is inconsl818nl In any material respect wth the Iruslee8' report.. or sufflclent accounllng rectrrds have not been kept,, or the finonci81 statements are not In agreement wlth the accounting recor(J6', or tho tfUStee8 were not onllllad lo prgpare the financial slalemenls in occoréance wfth the 8m811 companies reglme and lake advantage of th8 small companl85' exèmptlons In pr8paring the trustees, report 8nd fmm the requir8menl to prepare ¥ straleglc rtsport. Rosponslbllrtlos of trustees As explalned more fully in the $lalement of Iruslees, re$pon8ibllllleg, the truglees, who arè also the directors ol the charlly lor the purpose ol company law, are responsible lor the preparotion ol th& flnanci81 slalemenls and lor being Satisfied that they g￿e a true end f81r vlow. and for Such inlemal control as the trustees detemlne is no¢es88ry 19 enable the preparation Of fingnclal slalements that are frea from material mlsstalgmènt, whether due lo fraud or error. In preparing the financlol slalemgnls, Ihg Iruslo•s are responsib5e for assessing ihe charlty's ablllty to continue as a going concern, dl&clo6ing. as appll¢able, matter8 reloled to going concern and uslng the going concern basis of accounting unl6ss the Iruslees ethèr Intend lo 1Squidal8 the ¢harftsble compiny or lo cease opgraknons, or have no realistic 8118rnalive bul to do 80. Audltor's rtrsponslbllllles for th& audlt of the flnancSal statgments Our objeclives ar8 to obtain roasonable assurance about whether th8 financ191 statements 88 a whole are Iree from malgrial misslatemenl, whether due lo fraud or error. and to Issue an audllor's report that includeg our opinion. Reasonable assurance is 8 high level ol assurance bul 18 ntsl a guarantee Ihal an audrt conduGled in 8ccord8nce wilh ISA8 IUKI will alway8 detect a material m188lat8menl when il exlgts, Mi8slatemenls can arise from fraufj or error and are consldered malerlal if, Indlvidually or in the aggregate, they could reason8bly be expected lo influence the econombc decisions ol u8ers taken on the ba$ls of Ihe5è flnancial slalemenls. The exi•nt to which our proGeduws are capabl• of detectlng ir¥e9ularttie3, induding fraud. 18 d8lalled below. THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF THE ENGLISH LANGUAGE CENTRE Extent to whleh th• audlt w)$ consldernd capable of dot*¢tlng 1frgoular1tl￿, Includlng fraud Irregularities, in¢luding fr8ud. are instanc8¥ of non-¢I￿p118nc¢ %￿rh1OW$ ancs r8gulolions Wa d88ion prgcedures In line wllh gur r8Bponsibllilies. ouUino0 above, lo delect mat8fial m1s618t6m&nls in respect of irregularillas, including fraud. The extent to which our proc8dur*$ are capabl• of dele¢b"ng itr•9ulants"o8, Including fraud Is ¢Jel8iled below.. Our approach to Id6nlifylng and a$$es8lng the rO8k8 ol Ma10￿81 mi8slat•ment ￿ respect of irregularities, including fraud 8nd non.compli8nce vAlh laws and r6gulats'on8. was 85 follows.. the engagement partner ensurod that t￿ •ngoggment laam colocb.vtly had th• approprialts compel0n￿, C8pabllitlg8 and skllls to Idonllfy or recognl88 nonvcompllance vAth 8ppllc8ble law8 and regulellen8.' we Idèntified the law8 and regulations appllcablg to the eompany through dl$¢usslon8 director¥ and oth¢r management. and from our commerclal knovledg• and expertence of the charlty and •duc8lion sedor., wa locus¢d on 4p•c4fic law8 ènd ￿guI￿￿on￿ vthich w• conBid•rod hove a direct matsrlal èffeGI on th financial 61818mènl$ or the oparatlon8 ol Iho company. induding CompAnlès Act 20Cé, laxallon legi8laUon, data proleclion. anli.brfb8ry and employmgnt. 8180 r￿eWed the complian¢0 ￿th education regulatory bodies 9u¢h as Brfllsh Couni?I for 8ccrèdKèllon and Indgpendent Sthool• InJpectorg10. • we ossessed th• extenl cf compliancts wlth the laws and r•wl8llon8 idenlrf*d above through maklng enqulrle$ of man89emenl and In8P&Ctlng lègal corre3pondence,' and Identifièd law8 and r8gulalionB were ¢ommunlcoled vlthln tho audit team r•gul8rty and th• i••m remalnod alert l) In&iance$ of nonn-cornp118nce wllh laws and Tegulats'on5 10 erw4ui¥y tsf the directors and other management and the Inspeth'on of regulatory and legal correspondence, il any. Mgterl81 mis$tal¢ments that arise due lo fraud can be har(ler lo detoct than Ihose that from error a8 they may Involve delibtrale con¢galmant or collusion. THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ENGLISH LANGUAGE CENTRE A fvrthef de5cripllon of our rasponsibililies 1$ avai18ble on the Finand81 Reporb"ng Counryl'$ web8118 81.. http5'.11 .frc.org.uKlaudilor6re8ponsibilits"es. Thi8 descriptson fom18 part of our audilorfB report. Uio of our report This rèport is made 8018ty lo tho ¢haritabl• comp•ny'¥ momber•. 8• • body. In accordanco ￿th Chapter 3 of Part 18 ol the Compenies Act 2006. Our audit work hè8 been undertaken go that we might slal• to the chantoye comp8ny'8 m•rnb8r$ tho&• matters we are requlred 10 8t8te to them in an audytor $ report and lor no other purpo86. To the JlleBI &xtenl permltted by 18w, wè do not accept or a86umo responslbi1Sty to any¢X• Qthor than the charfi8bl• company and the charila l& comp8ny'J memberx *• a bo*, for ow audil work, for this repon, or lor the oplnion8 We have formed. Rog•r Clow FCA IS•nlor Statutory Audltorl lor •nd on behalf ol Frl•ndJam•s Llmlt•d Chirtorgd Accountants stalutory Audltor 4th Floor, Park Gale 161-183 Presion Road Bdghton East Sussgx BN16AF THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•8trlctod Unre8lrt¢l•d fund8 lund8 geneial general 2024 2023 Note• A8 re$lo1gd 8,781,587 8,584,918 Charitablè actlvllios Charitable aclivib"88 8,752,698 8,401,864 Totsl ¢h•rltsbl• •xp•ndltur• 6,752,598 e,401,884 Other 387 Total rggourtè8 èxp•ndod e,752.5è6 8,402,231 N•t Incomo for the ye•rl N•t movem•nl In fund$ 8,989 162,887 Fund b81ènee8 el 1 Jonu•ry 2024 6.427,901 8,245,304 Fund balances 4t 310gGembor 2024 8.438,980 8,427,991 Tho statement ol flnènclal actlvlllas Inelud89 all gain8 jnd 1083e8 recognl8od In th& ye8r. Al InGoma and 6xpèndllure derive from conllnulng 8cllvitle8. Th8 81olomenl ol finan¢lal oCtiville8 al80 complles vlth the requlrernon18 for an Income and •xp•ndllure account undtrr the CompAnlesA¢t 2008. 10 THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Not•s Flxed assets Goodwill Tanglble assets 223.403 7,569.180 288,083 7,813,224 10 Current a580ts Stocks Debtor5 Casn at bank and in hand 11 13 2.796 515,373 117,953 1,224 435,284 258,672 638.122 695.180 Credltors: amounts falllng due wlthln one year 16 (1,534.9501 11,595,327) Net current Ilabilldeg 1898,828) 1gOU,1471 Total a$$&t8 lesg curr*nt llab1ll￿tsS 8,893.755 6.981.18Q Credltors: amounts falllng due aft•r more than one y&ar 18 1458,7751 1553,1691 Ngt assèts 6,436,980 6,427,991 Incomg funds GènÈral unrestricted funds Revaluation reseN8 592,994 5,844.288 583,705 5.844.286 6.438.980 6,427,991 6,436,980 6,427,991 An audit h8$ been carrl8d oui under $8clon 144 of the CharitigsAd 2011. later updated by the CharlUg$ Act 2022. The fin clal 81alem6nls were approved by the TTuslees on 6 June 2025 Richard Trustee lewart MB Katherine We115 Trustee Comparty Registrallon No. 016086SO THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notos C)8h flows from op9ratlng actlvltlo$ CaBh18bs¢rb&a byVgen•ialed from oper8tlons 22 180,2261 177,379 Invo$tlng •ctivltl•$ Pr¢ceed8 from dlsposal ol tanglblo fixed 8s¢1$ 800 Not Gosh Iu8èd Inllg•nor•tgd from Inv•8Ung actlvltlo1 600 Flnanclng •¢tlvltlo8 Rgpaymenl of bank loans 180.4931 1449,8621 Net calh us•d In flnanclrng aGllvltl•B 180,4931 1449.8821 N•t docr•a•• In ¢••h And ¢•3h oqulv•l•nts {140.7191 1271.8831 Ca8h and c4Bh 8qulv81onl8 al bèglnnlng of y• 258.672 530,555 C•8h and c••h •qulval•nt• at •nd of y￿r 117,953 258,872 12- THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEGEM8ER 2024 Ac¢ountlng poll¢loJ Charlty Informotlon The English Language Centre 18 a wiv*8 cornpany Ilmil&g by guaianlo8 in¢orpor8t8d in EnglBnd 8nd W8108. Th& rpgislered offlc• is 33 P•lmthra Men8len8, Church Road. Plové. Ea* Sussex, BN3 2GB. 1.1 Ar¢ountlng ¢onv•ntlon The accounts hav6 been pr8p)red In accord￿¢• Mgmu•ndum and Artlcltsg ol A080cl811on, the Compani•$ Act 20oe and 'AcvJunllng and RgPQrtlng by Charits"¢J'. S181&menl ol R8cornm8nd8d Practic8 8ppllc4bla to ch8rltle8 prgparing Ihdr ae¢ounts In ac￿r￿8nca with the Flnancljl Reportlng Sl8ndard applleable In tho UK and Republic of Irel￿d IFRS 1021. las amendod for acwinting periods commenclng frcm 1 January 20191. The chanty18 a Publlc Benofft Enlty aj d8fin•O by FRS 102. The flnandal 8tolemen18 are propared In sterllng. whth 16 the fvncUonal curr8r)¢y cf thè charity. Monetary amount8 in thejo finon¢ial 8latern•nt8 arg rounded lo iho M•re81 £. The 8Gcounl8 h8ve been prepare(l under hlslorical ￿$¢ c47nvenlion. modiflèd lo IncluJe tha r•vduAtkJn of freehold PTQPgrt5•6 •t falr Y￿￿0. The ￿ncIpal occountsng poUae8 adopltd are $81 out b810w. 1,2 Golng ¢onc•rn Al the lime DI appro￿ng the flngnclal 8latsmtnl$, ihe tru8toe8 hav• i feasonoble 8xpect8lbn that t￿ ch•rfty h88 adequ8to re8ourc8$ lo coniinue in operational •Ki8tenea lor the for?sa8ablo future. Thus tha Iru81885 ontlnue to adopt Ihg going conrèm b8•is ol accounbng In prynng th• finan￿al slalem&nl$. 1.J Charltabl• funds Unrestrfcted lunds are avallable for u$• al the dlscr&Ucfi of the tru8tee8 In furthwance ol Ihelr ¢hadlgbl• objecNves, 1.4 In¢omlng r••ourc•• Income15 rècognised when the charlty is legaly •ntiUod to rt after any perfomanc8 condilloni have bo•n mel, th• 8m¢)unls Gan be mga8ured rollably, 8nd It IJ prthble tho1 ino)m? thll be ro¢4lvgd. Feès represent Ihe lolal Involce value of educ8Uonal semces rendered during the yoar. Fe88 are recognlsed as sludents commence thelr course. Feos Invoic￿ in odvan¢• arè indutjed within deferrad Incorne and ornounls ore subsequently relea￿d to from th8rllabl• octivlli•8 80 sgrvteo are providèd over the urallon of a eourno. Poym8nls recelvfjd on account ar• not rOmrA￿d a8 income undl the Griithg for Income recognllion are mot. Govemmenl grant8 Provldlng m funding 8r? Ir￿ded within 'lncome from Don¥lSons ond Grgnls. and a rgcogThi60d on roceipt of proe8&11s where iho gr8nl doas not Impose ￿rform￿nc0 related condltson8, Oth¢￿$e grants are recognlsed vh￿n the perfomiancB related conditions are met 1.6 R•sources exp•nded Expenditure is reGognised once tMr? is 8 legal or construrtfvo obligalp)n lo trgnsfor economic benofl110 thlrd party, ￿ Is probable th818 transfer of economic benefft8 I￿11 b8 requirad in $gttlem¥nt. and the amount ol the obll9ation can be measured reliably. Expenditure Is ¢lav4lfled by a¢ttvty. The cost5 of eèch 8GtNity ore made up of the total of dirrtt ¢QBls and ¥hared costs, induding SUPPOrt C051s inVo￿e¢Y in undert8klng 88¢h act[￿ty Direct ¢081s attrlbutable lo a single 8clivity a￿ allocaled dirgrtly lo that activity. Sh8red cos18 which contribute to more than one adivfty and 6UPPOrt co$ls whi¢h are not atlributable to o single athvlly are apwkn.oned htween those actlvllie8 on 8 basis ¢on$i$tenl with the Ltse of resource8. Central staff costs are allo¢ated on th8 b88is 01 Ilme spent. and dgprwatitsn chafgas are allocatèd on the pgrb'on of the ¥ssefs use. 13- THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollclo8 Icontlnugdl R&source8 èxp¥nded ar• Included In th8 Slalemgnl of Flngnclol Aellvilles on an 8ocrual8 b9818 In¢lu8lv• of any VAT whlch cannot be recover8d. Expendllure on governan¢e costs of Ihg charlty includgs all exp•ndllure not dlr8clW related lo the ch8rSlable aclivlly. Thls InclLKle5 audll f808, leg81 odvlce and tha costs of wmpllanGe ￿th conslilullonal and Stalulory fequSr8ments. 1.6 Intanglble Ilxed •38•ts goodwlll Goocjwlll repres8nlB the ex¢g$s of th• ¢o$l 01 o¢quislllon cl a bu8ln8BS over the fair value of nel aJsg1¥ acquired. 1118 Inlllally recognlsed as an 8S8&181 cost and 18 sub$gqu•nly mèa8urgd 8t cost leB8 accumulated 8mortl80lion and accumu181od Impalrrnanl loBse8. Goodwlll 1$ con8lderod lo have g finit& u8eful Ill• pnd 18 amortls&d on o 8y$lem8llc b8618 over It8 expeclod Ilf•, Goodwlll Amorllsgd over 10 ye8T8, 1.7 Tonglble flxod a#8frts Tangiblè fixed 8$sel$ are Inltlally m888ured al cost and 8ubBequenlly moa8ured at c081 or valuallon, nel ot d8preGiallon and any impalrm&nl10g&•8. Depr8cl8tlon Is reco9nls8d so ag lo wrlle off Ihe COBI gr voluauon of a988t81•88 Ihelr rg$ldu81 values ov&r Iholr u$èfu5 Ilves on the following base6'. Freehold18nd and building8 Flxluras, flttlngs & equipment Bullding8 stralghl lin? 50 y8&rB Wrillen off In on• to18n year8 from acqu18111on Fr8ehold1ornd18 not dgpr6clal•d. Cost ef land hag been e$14m8lèd al £929,28912023'. £929,289), The 9aln or 1066 8r181ng on the dlspo8•1 of an a88el 18 d8lermSned &8 the difference betwgon ltte ealè prDco•ds fjnd tho cgrrylng valu• ol the a88•1, 8nd1o recognlsed In nel Incemg119¥pendllurel for the year. 1.8 Impalrment of flxed a•$èts At each reportlng end dale, Ihg charfly review8 thè carrylng amount8 of Ils tonglble 8nd Inlanglble 058818 10 delermine whether Ihora 15 any indlcation that Ih05e 888013 heve 8uffeied an Impalrm9nl 1089. 118ny such iThdlcatlon exS$ls, the recovorable amtsunl ol the &888118 88llmated In order lo delermlne Ihb exlenl ol the 1mpaimi8nl1088 (il any). 1.9 Stocks Sto¢ks ar& 818led 81 the lower of cost and esllmalgd 8elling prlcè. 1.10 Cash and cash •qulval&nt$ Cash gnd c8sh eouiv8lenls Snclud¥ cash In hand, dgposlls held 81 ￿11 wlh bank8, olhèr 8hort-lerm IIqLild Investments wllh origlnal maturilles ¢1 thr88 months or le88, and bank ov6rdraftg. Bank over¢r8ft8 ore shown wilhin boirowings In currenl liabllllie8. 14- THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢countlng pollcl•8 Icontlnuedl 1.11 FlnancSal Instruments Tha charity has eleded lo apply the prov181ons of Secllon 11 'Ba8lc Flnancial In8lrurnenlS' and Secllon 12 'Olher Flnanrial In81rumenls 166ue8' of FRS 102 to all of Its flnanclal InslruM8nlg. Financlal Instrumen18 gre recognls8d in thg charlll5 balance 8heel when the charity be¢om98 party lo the eonlraclual provision9 of the Inslrumenl. Flnanclal 988911 and Ilabi111188 are off8•1, wllh th• net •rnounl& pr888ntad In the flnancl818ts1gmgnls, when there 1$ 8 leg811y onforcoable right to 881 off thè recognl8od amounlg and th8r&16 an Inl8nllon to 881118 on n81 bas¢s or to reali88 Ihg as8818nd 8ellle thè Ilabillly 81mullaneously. Bas1¢ flnan¢lJl aBSets Baslc financial assalg, whlch Includ8 d8blorB and cash and benk bplance8, are inlllally meaBur&d at lran8acllon price includlng Iran88cllon costs ond ar¢ 8ub6oquenlly carrlgd al amortlsed cost u8lng the effective inter881 method unl$ss the arrangement eonslllulgs 8 finaneinG Iranoactlon, wherg the tran$acllon16 rn8oJurèd al the present value of Iho lulure r8ceSpts discounted 8t a market rale ol Inlfjrest. Flnancial 4886ls cla88lfted ai recelvable wllhln one y•gr are not amorused. 8&slc finonclal Ilabllltl¢* 888ic fln8nclal 118bllllle¥, In¢ludlng Irgdg and other payablo8. Inlllally r?cogn18ed 91 Iran8acllon prl unles8 tho arrgngpm8nl con6tilules 8 flnancing Iran8•cllgn. whoro the debl Instrument 18 measured 01 the prasent valug ol the future re¢•lpt$ d13counled al a mark¥t rote ol Inl•r891. Debt instrLbmenl8 are wbsequenlly carried ai amortlsed c08t. using th& affeclive Inlorest rate method. Tred8 pgy8ble8 ar8 obll9atlon8 lo pay lor good$ oi JoNl¢o1 that have been acqulmd In the ordlnary cour88 01 opèrallons from suppller8. Accounts p8ygble aro cl88Bllied a6 current li8billlles if paymont ig dué wllhin ono yeor or leB¥, If not, they af8 presented a8 non.curr9nl 11obilllleJ, Tr8de payables are recognl8ed Inlllally at Iransacllon prtc8 and subsèquently m8e$ured 81 amortlsed cog1 u81ng the off8ctlve interest mathod. Derncognltlon of flnan¢181 Ilablllfles Fin8n¢ial Ilabllities are derecognle¢d whBn tho char]Iy'8 contractual obll9•llon6 explre or are d18chai9od or c&nc8lled. 1.12 Employ•0 b•ngflts The cos1018ny unused holldgy enllllemont18 recogn18éd In the perfed In whlch the employ8e'8 servlce8 arft recelv8d, 11 m&lerl81. Terminallon boneflis are r￿ogniSed Immedlalely 98 an e¥yn80 when tho charlty18 d?mtsnstr8bly committad lo lerrninale the gmploymanl cl on employee or lo provld• 18rmlnallon bènefll8. The chprlty particlpal88 Sn th$ Teachèrs, Pensions scheme, whlch 18 8n unfunded government $ch8mg provldlng benefitg b48ed on final ptrngionablo pay. Tha fvnds of the scheme aro separ810 Irorn the comp8ny although the ch8rfty's share of th& schame cannot be Idenllflad as the 8cheme 18 a mulli-8mployer scheme and so the pen81on costs are accounted lor a$ a deNned conlribullon schemo. The chBrlly oper8te$ a delin• contribution ych8m8 lor other employees whergby ¢ho assal¥ of the schemts gro held $eporai8ly from thosè o,, the charlty In Indep&ndgnlly adminlslered fund8. Contrlbution5 to this scheme are ch8rg8d lo the Stslom8nl of Flnanclal Aclivltie¥ as they become pgyabk8 In accordance wllh the rul88 ol the 6cheme. 1.13 Forglgn exchange Monetary agsels and 118bllllies denominol&d In forelgn curTgn¢lès are translated Into 8lerflng al the rate8 01 exchange ruling al the bal8nce sheet dale. Transactions in foreign currencle8 are recorded al rate ruling al the dalg of the Iron$a¢tlon. All dlfferen¢&s are tsk&n to the Slaloment ol Flnanci81 A¢tivilies, 15 THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollcle8 Icontlnuedl 1.14 Funds Th• funds ol Ilè ¢h8rlty aré all unre$lricled for charltable purpoi88. Deslgnated fvnds ar8 amounts that h8v& been 591 asldè al th& discretion of the Trustees for o specific, but not legally blndlng, purpose. 1,15 LeaseB Rentals payable under opgrallng le8$0$, Sncluding any lease incentlv$s receivéd, arg chargad to the income and 8xpendllurg occounl on a slraighl Ilno bgsis over the lem) of the rel&vant1855e. 18- THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 CharHable actlvltlos Fee l*)¢om¢ Anclllary R¢ntal Incom• Ineomo StudDntSoclal a¢Uvlty Aecommodatkn) Income Styd•ttt Othor Incovn• Totsl Z023 As restated Incrjme wlthin chHrilable actiwlies 3,724,649 96.186 41.593 2.447,002 155.928 278.357 17.872 6.761.587 6,584,918 17- THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Reat8t•m•nt Th? finan¢lal Btsternents have b•?n ro818l•d for 2023 to thow gro86 andllwy incom8 anoly8ed lo appr?prl8te headlngs wllh corre$p)ncllng COBt8 Sho￿ sepwaloty. Thls l¥ In Iln• ￿1￿ Ch8TIU88 sl8lBmont of Rewmm&nd¢d Proclicè. Expendlturg on cha￿t￿bI? aGllvlti G•nèr•l ch•rltabl• a¢llvltle• 2024 Genoral ¢harltablg aGllvltlo• 2023 DIre￿ cost• Tegch8r8' Salarios Depreaallm and Amort18allon Educallon81 M81grfa IT Coirs Pubiiaty E81ab116hmenl Expen$•8 Admlnlslrallve Expen$o$ Staff Cours¢s￿raInIng Slud•nt Accommodallon Flnand•l Charges Grant$ O9$lgnated Fund Expen¢Jlture So¢lal Acllvllle$ Slucjent Tr8nsler8 A8 re8lalod 1,383,521 88,789 94,398 113,411 191,477 462,833 1,189.102 4,875 2,280,051 86,995 92,054 153,689 149.13e 1,433,578 88,724 91,056 91,9C6 179,800 445,209 1,327,748 10,253 2.427,389 62,373 81,233 118,352 171,349 il 219,004 128.489 0,727.951 8.379,400 Govgmanc• 24,647 22.484 8,752.598 8,401,864 AnBtysls by fund Unreslricltd funds 6.752,598 8,401.884 The main charitsble aclivlly 1$ providirld 8ducats.cnal service8 lo lorelgn students, Support co$1$ Includo prom¢tSon, computer. offlc8. acts'vities 8nd variou8 mlscg11oneou8 8xpondrtur8 conn8ctgd with the ma1n ¢haril8ble a¢b'vity. Support C08ts have been 8lsoc8teJ lo the maln Cha￿lable aclivity above. Governance costs Includè £15,00012023'. £10,000) of audrt fèaB and £8,48312023.. £5,000) lo auditor5 lor non.audil &ervlces, Trust￿$ None of the trustet$ (or any persons conrw¢i•d thaml raceived any remuneration durlng tho y8¥, but four trustees were r•lmbursed 8 total of £1.048 Irav•lliThJ expen￿$(2023 .. £1,245). 18- THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees The average monlhly number of employees durfng the ygarwas.. 2024 Number 2023 Number Teaching Admlnistralion 65 32 82 29 Total 97 91 Employmontcosts 2024 2023 and salaries Social security c08ts other pension costs 2,288,291 214,893 159,257 2,111,166 191,251 187.968 The number of employees whose annual rgrnuneration was more Ihw £60,000 Is as f￿lows.. 2024 Numbof 2023 Numbèr £60,001-£70,000 £100,001-£110.000 Th8 one ernployee with annual remunerth'on èx¢8eding £100.000 hag reb"remenl benefft8 aGcrulng undèr the Tearherfs Pen5i0n Scheme. oth•r txpendtture Unrestrlcted Unr95trlcted funds funds 2024 2023 Nèt 1058 on dlsp0581 of tanoible assets 387 Taxatlon The charity is 8x&mpl from taxation on its Scu￿"t183 because all Its income is applled lur ¢harttabl& pJrp￿*$. 19- THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Intanglbl• flxod assets Ooodwlll Cost At l January 2024 and 31 Dècember 2024 448,803 Amorttsatlon and Impalmient At 1 January 2024 Amort1s8tion charged for the ygar 178,720 44,680 Al 31 Dewiber 2024 223.400 Carrylng amount Al 31 December 2024 223,403 Al 31 Dwb8r 2023 268.083 10 Tanglbl¢ flxed as¥•ts Fro•1￿k1 l¥Dd 4nd bulldln Flxturts, flttfjngs & •wlpmgnt Tatsi Cost or valuatlon Al 1 January 2024 7,865.000 349,463 8,214,463 Al 31 December 2024 7,865,000 349.463 8.214.463 D•preclatlon and Impalmienl Al 1 Jonuary 2024 D¢pwialon charged in the ye8f 251,776 44.044 349,463 601,239 44,044 Al 31 December 2024 295.820 349.463 e45,283 Carylng amount Al 31 Dgcember 2024 7.589,180 7,5e9,180 Al 31 Dgcember 2023 7,613,224 7,813.224 In 2017 th8 charfty adopted thg accounting policy ol revaluaton for Freehold land 8nd buildings. The v81uation in May 2018 ivas undertaken by prof855ionally qualif￿ vduers vhK$ 881imaled falr value ta￿"n9 into account the m051 effeckn've way lo effect a sal¢. Al 31 Decernber 2024, had the revalued as8ets been cwrfed at hith"C Cl)8t less a￿uMUlated depreciation and a¢¢umulalèd impairrn8nl losses, their carryng aMO￿t %sYJuld have b8gn approximately £1,243,94312023- £1,268.6431. Bardays Bank PLC hold charges over 31 & 33 Pakn8ira Mansions, 40 S8li8bury RoBd and 35 Church Road. Hove, East Su$$ex. THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Tanulble flxed a•$fyts Icontlnutdl The Irus1888 GonBld8r that Ihg faSr valug ol land and bulldlng8 18 not mal&rlally different from Ihe c8rrylng value. 11 Sto¢ko 2024 2023 Flnlshed goDd8 8nd goodg for resale 2.790 1.224 12 Sub8ldlarlo• The Charfty 8180 have 8018 ownorahlp ol Eajlbourne School ol Engllsh Limll8d, 8 dorm8nl company Ilmll•d by guarantee. The reglsler?d offlce lor th18 company Is 8 Trlnlly Tr0è8, Easlbourn¢, Su889x, BN21 3LD. Rool•torod ClaB8 of % Hold offlco 8hare8 h•ld Dlr•¢l Indlr•ct Namg of und•rt•klng Natur• ol bu•lne8• Engli8h In Chester Limllgd 33 Palmolra Manslons. Hove, England, 8N3 2GB 33 Pg1rn8ira M8nslonB, Hove, Engi8nd. BN3 2GB Domianl Ordlnary loo.00 Stanley Pla¢0 IHoldlng81 Llmlled Dormant Ofdlnfjry 100.00 13 Deblorn 2024 2023 Trade d•blors Other d¥btorB Prepayrnen18 ond accrued Incoma 194,529 1,549 319,295 149,398 2,598 283,290 51 $,373 435,264 21 THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Loans and ov•rdraft¥ 2024 2023 Bank loan6 584,890 6e5,188 Payable wllhln on¢ yg8r Payable after ¢n8 year 127,920 458,775 112,019 553,1 e9 Amounts Indudgd above whlch fall due after flve years.. Payable by InBt8lmen18 38,510 Tho long.temi loans ore 8ecured by fflxed chgrg88 ovir th8 comp8nYi propertie6. 115 Crgdltor8.' arnount$ falllng duo wlthln one y••r 2024 2023 Noto• Bank loan5 Other laxalSon and soclal securily Dèferre¢ Incorn¢ Pgymenls recelved on 8¢counl Trode ¢rgdilors Other creditor8 Accruol 14 127,920 gS,419 305.671 518,945 444,461 6,720 33,814 112.019 55,147 415.376 655.882 280,943 17 75.980 1,534,950 1.595,327 18 Crgdltor¥: •rnounts Iolllnu due oftar morg Ihan one yehr 2024 2023 Not•• B8nk109n8 14 458.775 563,169 17 Deferrgd Incomg 2024 2023 Ar18ing Irorn Doferred Income 305.671 415.37e Deferrgd Income Is IncluJ9d In the flnanclol statemen18 8810ll¢)W8'. .22- THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 D•tsrreO Incomo ICtsnllnu8dl 2024 2023 Deferred in¢om• 18 included within.. Current liabllities 305,671 415,376 Movements in the yegr.. Defèrred income al 1 January 2024 Relgased frorn p￿VIouS perlods Resources delemd in the year 415,376 141 S,3781 305,671 800,229 1600,2291 415.376 Deferred Income al 31 Dacember 2024 305,671 415.378 Dgf&rr8d income is hduded in the fjnandal Stalen￿nts as follows.. Deferred inGome ￿rnprises fees involced in a(fv8n¢e of servic68 provided lor sludenl courses and accomm¢d8titsn. Amounts are released to In￿Me ftom thantable actIV￿e5 Qvgr the dumlion of a coutse or slay. 18 Pen$lon and othèr post. retlrernènt boneflt ¢omrnltments A deflned contrlbution schemè provided by Scott15h Wdows Is available lo charill$ staff, the empknyer conlrbbution r81e being 6%. The pension chargè for the year includ&s conlrlbutions payablè of £53.63212023'. £49,855). At the year-end £13,29812023". £11.9631 was ￿¢d in respo¢t of conlribution8 lo this scherne. The charity also participates in Ihe Te3ch8rs' Pension Scheme (rpsi. èr) unfunded delined benafil scheme. Undgr the definitions set out In FRS 102: the TPS is a rnulb-employer pen8ion scheme. The charity is unabl6 to identify ils shar8 of the undertying assets and li8bililie5 of the 3cheme. Accordingly, th¥ charity has taken advantage ol the exemptton under FRS 102 and has acLY)unled for rts contributs.ons as if rt were a clelinéd contribution scheme. Contrlbulions on 8 pay as you go basis are ¢ro¢Jited lo Iha exchequer under arrangements governed by the supèrannuab.on 1972. A notiongl assel value 1$ ascrfbed to the scheme lor the purposes of detormining contribution rates. The pension ¢harge for the year Includ￿ contn"butions payable lo the TPS of £38,811 12023.. £33,4951. At the year-end £6.06412023.. £5,038) was accrL*d in respect of oJnlrlbut1or￿ lo this scheme. The employer wntribuuon rate is $01 lollowrvj scheme ￿alUationS undertaken by the Govemmenl Actuary Department. Th8 lalest valuation report was prepared on 31 Marth 2020 and wa$ publS8hed on 26 Octob 2023. This report c¢nfinMed tl)al th? employer contribution rate was 23.68% until March 2024 but w85 s8t lo rlse lo 28.e8% trom Aprfl 2024 unll 31 Mar¢h 2027, indusive of tha administrabon chaf98. 19 Unrostilctgd lund$ The unrestricled lunds of the charty cornprise the unexpended balances of donation$ and grants which are not subjocl to spédhc conditions by donors end grantors as to how they may be used, These indude designatett funds which have been Sel asido out of unrgslricted lunds by the tru8teo$ for speclfic purposes. At 1 January Incomlng Re50urcgs At31 2024 resourcos gxpondgd 0o¢ombor 2024 General fvnd$ 6,381,564 6,761,587 16,708.1711 6,436,980 THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Unrgstrlcted funds Icontlnuedl Prevlous year.. At1 January 2023 In¢omlng resour¢o8 Rosources exponded At31 Decembgr 2023 Gen8ral fvnd8 6.245,304 6.584.918 16,402.231) 6,427,991 20 Oporadng leasg commltmgnts Al the reporting end dale the charity hed cojtslanding commitments for future rnlnimum18ast payments under non.cancgllable operating leases. whlch fall due as follow6 2024 2023 thin one year Between two and five years 9,004 22,510 31.514 21 Rolated party transactlon¥ Remunératlon of k8y managemént personnel Tha reMuner8llon of key managemenl personnel 1$ as follows. 2024 2023 Aggrègal& wmpensalion The 8g9regale compensalio)n consists ol gross pay. employer sodal sècurty coniribu111Th8 and employer nsion Ggnlributions for five personnel. 358,724 284,509 There w8r8 no other related party transacb"on$ in the pwiod to ¢Jisclose. THE ENGLISH LANGUAGE CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Cash labsorb&d byygeneratgd Irom operatlons 2024 2023 Surplus for Ihe year 8,989 182,687 AIJlu8tments for: (Golnllloss on dlsposal of tangible fixed assets Depreclallon ol langlblg fixed asset$ and amortisalion of inlanglble assets 367 88,789 88,724 Movemvnls In worklng capltal: Ilncreas&1 in 5tock8 Ilncrea58lldecreas& in debtors Incr8gselldecr&age) in crodilors (Docreasèl in deferred in¢om8 11.5721 180,0891 33,427 1109,7051 12531 96.701 16,0591 1184,8531 C•$h labsorbod byllggn9rated from OPera￿On8 180.2281 177.379 Analy51s of Chang￿ In net Idgbllmunds At 1 January 2024 Cash flov+B A¢ 31 D•¢ombor 2024 Cash ai bank 8nd In hand 2S8.672 {140,7191 117,953 Loans falllng iJue wilhln one year Loans lalllng due after more than one year 1112,0191 1553,1891 115.9011 86,394 1127,9201 1458,7751 1406.51 ei 180.2261 1466,7421 -25-