2024-08-31-accounts

CwnyYeAlJtrMloo nwnber. 1693887 Rudolf Steiner School (South Devon) Limited (A Ikni*d by 8uDrwrtee) fotth¢Y¢w W 31 2024 M•nThlnAto 39Hi¥h Street Bthle E￿Su5 IN33 IJBE

Rudo]rst¢ln¢r School (South Devon) Umlted Contents 2to3 4t07 St•theTht OfTrySt￿'RMp￿sIbIIItI¢l 9*)12 of FIn8￿1￿1 Adivltl 13ty14 15 16 17to30

Rudolf St¢lner S¢h•ol (South Devon) LI￿￿ted Refer•n¢¢ •Dd Admllltstr•dve Det SetY¢tAry JulicThDthaS Senknr Mqllwmont IL¢•dw￿l￿ S¢hool Luder5hlpTeAm ethlrttyR¢￿￿r8rf•th fknmb R¢lNttonNumber 1693887 Th¢ r4wityi5 iD¢¢xporat¢d iti EW Wthi. Hoodmaftor TQ9 OAB Au*or StoivtDry wdimr 39High Street Battle TN33 OEB Michclrn(w¢s LU PyneB Hill N•¢lonnl Westn￿l￿Bfjnk plc 9FoT¢Street To¢lles TQ9 5YW

Rudolf Steiner S¢hool (South De￿ll) Llmited Strate8le Reptsrt ft)r the Year Ended 31 Akngu5t 2024 Th¢ TAske4 wbo ue d￿¢¢10[$ for thE puys of ¢omp•ny PtrKnl iknir#ote8i¢ repDrtforthF y¢4r 31 August 2024, In ¢omplimcewith s414Cof the ComFolli¢5 A¢¢20 Olsie4 Go•4Mrfttg In Sot¢¢rfw 2023 Of#ed insp¢N¢d tha ￿007 and found the s¢knDI to bE 'Good' in dl 4re8L The insp#¢us tW￿lS¢d thB Impa¢1 of the d¢v¢lopmcntsl processe5 thE s¢h(K)l knd IMplemM￿. The of th¢ gov¢nwx¢ was recogn￿ed aDd is r¢A¢4l>J iti the •lthment Tb¢y •$8we them8¢]ve5 thut w4tr¢d sy￿¢￿$ prouSXb yr¢ i1￿1￿￿eR1ed thmugh 8 or￿1ville& Tbis ineludej Ch￿kS indqthtxhool BarOwd¢. A 'G<￿' Of5d ratlng allow4 thr s¢hool to inspectorat¢ body to Ihe lftdopeThdeft¢ Schod5 Inspectorate risr? - a i>)dy moTe lik¢ly 10 hHv¢ a sympihe¢ic wew of the sthool's noTrm&in$tseam 4ppro4th. The 'Good' TatinB h85AIsoopEned up rn0￿ ￿¢45•tO fimdln8 for the school And reduc¢d pruniiillis. In Ma￿h 2024 ISI the school and agF¢¢d 8 mttetial requ¢51. The i¢hDtrL irt pr¢pwntion for fitye rowrybi rqueswd a mKE¢EiEJ ¢bBn8e thai woyld gllow Li w ¢hAng¢ itsABenDgE4rMI attepi No ycor old thddreTr and crM8c 1¢$ allow￿ Jumb¢r$ ¢0 388. ISL found the ¢lltt1cul￿ wmi515 &d4uote to thc rtqu¢sL FthAM¢lolSlablllty 2023Q4 was * se¢￿d year of tThnJn¢tal stabtllry ftt tht É¢hool wlth a swplL% of £107k 1202J: £5fjk) op¢rnts(M￿ surplw of £161k {2023.. £11)6kl Th¢ purAl$ inEreased from 238 to 252 Whi¢￿ comblned with a 6% fr¢ iti¢R¥ alivKd SEllff tv T￿1ve a VKJI d¢served lOY•M1￿ Increa￿ The rthDI l beell abl¢ to rebuild tCE¢fKS Tknich w¢re dimiwsbvj ts COVID. In 2023.24 the ¥ehool &ddedSp4NsK musk ￿d[sTrAtO itscDThicuium(Jffering a lowYrKknol librny. S￿rner 2023 the school bwD offgrMJ¥ thE opp￿￿lty for Hi8h Schr￿1 pupiL8 W lit GCSE Wi5b exatw%. 2024.8 Pupi]$ p¢rftrtm¢d well ID thelr GCSE avw ]llAths nBults iiyificlndy thaD the tutioro18V¢Ta Upper School pupils w)Tk towards th¢ Ntw Ze&lAnd Certifiuit of Steittu EthcalioD CWZCSVI The NZCSE, lll Level 3. allows stsjdertts to wly for ￿l¥erS1ty in th¢ UK and in Europe u a fi￿1 1ltern&tivo to A levels. In Apil 2024 the Stciner Education D¢veloprnent Tru3t15EDTI quality Lssess¢d the sthaofs ￿￿Ing of thc New Zealw celliri￿¢¢ of Siner (NZCSE). The a¥eument found the ￿h0o1 to be '¢ffecli¥e in all ar¢¥$ of impl¢ru¢nthtioti of the CSE,. tn 2024 the Level 3 NZCSE ￿Jd￿5 Yre all in their and4of the 5 attoio¢d A th$iinaioD. The 8cltwl cr¢at¢d * SY￿]￿S of £IOlk ih 2023-24. ￿ i￿￿[DW¢￿￿t of E45k on the 202>23 {£56kl Inco of £1.8m 12022.23.. £1.Srn) is 20YI rcsuli of an iTrcr¢w of 14 pupils ￿ 252 ai th¢ thd of 2023-24. Coywonding ¢xpeJEdltutt a150 inrytaged I￿9 YW ott y¢ar repYesentiTl¢ • p¢¢¢ssary InGr¢ise in smff The rewltiTrB swphty ¢ontinues tylwild a stsble c05h posikn rEbullding re8uvv5.

Rvdoifsteiner Schoo] (South Devon) Llmited Strateglc R4Jfjrt for the YeaT Ended 31 August 2024 Flnntlil rtyl 1•2M4 IOll43 Accounts (thfieii)ISurph 101842 55.834 54J28 48.197 15.438 lJ19 171W 1•¥50 Bad Debi prrvisiouiD8 (￿rItIo￿lI (dea¢ltySDTpIus Th¢ 8¢kn1 illcre¥¢d its Bpjlpl￿5 in 2023.24 kn £IOIK In •nd in¢r¢as¢d tbe op¢At1￿I plus to £171k.. pD]i￿ of th¢ Tru*ees rtrthws #¢ rnaiDtQi￿g ¢Mb r¢4¢1￿ Thithill the a¢￿U￿$ of b¢Neen £ICQ.000 £1g).Ql)O. Tn￿￿¢3 and SLT to toword5 rthlldiThB tbe reser￿ after thv PDknc. Uore4tiirt rE#rves. is not re￿e$¢￿t¢d by Ilxed tsSEts or eTrl te8tri¢kd Ibnds vthich ue for ecirtc r¢4sons. ro £55.91612023: 449.485). Th¢strth8iC T¢Wrtwi$ ￿Toy¢d by theTm#tt•ofthe ¢b￿lty 6 MAy2025 aDd SW its bt￿fby'. TN#¢t

Rudolf Steiner S¢hool (South Devon) iknltcd Trusteesl Report The T￿S￿e$. are dirtctoN for the pujyjyes of ¢ompAny law. prewl the •DDu81 r¢port toyther wlth the ITnBncial st•mTrts and8￿110T& re￿rt ofthe chaTiMble compAny forthe y¢Fr Aupst 2024. ObJ¢th¢i ttd #¢dvldi The object ofthe Complny h to Provide forand ¢ondu¢t thE edu￿110￿ of ¢hildr¢n in arf¢rdallee whh princiE ottd th￿thodS of Rudo]f Steiller. In fwthErntK¢ ofits objett thE wganiu¢ion cyTht¢5 the Rudolf &¢ln¢r S¢hooL SO￿ (Also known u thE South Stril￿r sd￿01). ba￿d tt Hood Manor, DartiTr8ton. Its fjJrtt￿ a¢tiviti¢s in¢lud¢ the orgaoisation of C￿11￿￿1 ¢venffj le¢Mfes meaings And panicirotion in Similar activities Trith other Ruts]f &elner inspir OT8kntsitiM In the UK And abrn& As o clwity. the ory•ni0￿1utt pTovldeApublk benefit auivlty x •pTovitsof thatiUL th smdellts ftora KinduBHrdwL k￿1 througb ioagc 19. The icbool aims M be w¢ialty in¢lu5Lve •Dd to %lcome knilit4 from• d¢ Trng¢ of fin•nriBI Dxisio)Ys on tee paymcnts are mHdE on an inthvid￿l bllsi6 8nd familic5 ￿¢ invitd to apply for a rthtion of their fees allowing acc￿ tobuch edu¢ation to wlw)w f4milkE JLrt heThviB¢ be4bkto alTordwch opprtunity. TheTry¥t¢¢s ¢onfimi thzt th¢y havr complied with tbe requi￿￿1￿ ofsvxtion 17 orth¢ ChgtibM Act 2011 tD hB t¢8wd to th publ1¢b￿¢nIsUldlnCe pthlish¢d bythe Charity forFW W4lek lu llccordante with LBrity com1S￿On r¢quir¢m¢ttts. th¢ TnLStees have ¢￿￿dered the queltioll of the vithility of bett thE Labour gOverDM￿.￿ VAT policy, if Labour were etethd The budg¢1 wbi¢h bad a w fce on &% well 8saddiiioj￿l 4ff •nd toom for developnKnL By th¢ time hool stsrted in 5eM¢Bd) 2024, had be￿ ei¢¢led the VAT-¢x¢mption for ithpendent WH5 th¢ to bt Yemov¢d in J 2025. The Bchjol decided to puJ otth p￿￿ts 8bwtbift8 tk TemAin&r of VAT aE It dld exped the pmt Ixdy to be able LO Plly ￿ Idditith￿ 20￿ The 8¢h￿l enter¢d inth B T￿tn￿ prr%uJ In Nov¢mber 2024 eVentt￿llY r¢dww by 11. The rewiting reth¢ri¢)n Olin¢(￿ aud v)sts p¢tyJ￿ed a fottcast dtfLcii of£25k and ¢a5b Bwilu$ of £25k fLY 2024-25 which 15 tIL¢ eXP￿try] ¢108¢ witiotL for202&25 A5 at th bal￿¢ sbeth dat Lookino fOr￿rd 2025-26. th¢ bud8et i4 expecttd tD ljave an qtatIon￿ 8wplus-with pllpil numbers, fuwial port for and #aff Mumbers VArfableB T*thich wlll be flexed (￿liVIty or pxsively) to Having ¢Th)5ld￿ the foYK4at proiettion5 th¢ optity¥ 4wllttbl¢ to t¢du¢¢ $lb)uJd th¢ need ise. the Tn￿¢￿ hve that there 1$ a reagjnable eApeclation th¢ $chool adeq￿ reswtts to contittue lo opeTAtional exist¢DEe for the foreAeeable The thl therefwt eontinllej to adopt th¢ goiD8

Rudolf Stelner School (South Devon) Llmlted Trusteej, Report Trustees offlcers The ondoffieers sery1￿ duNn8 th¢yw and$in¢e thrye¥¢ndwYre asfolkn Tn￿teE%. Julid Criumde Ni¢ola Ed8￿mbE Limited is • ¢ompw limitcd by 8uarBnt¢e. Ji is 1180 r¢8i$t¢r¢d 15 • chority with th¢ awrity the and Artkks of A&fotl•tion of 7hich is ivali4ble fv vtaw the lie www.wJtbdevoosl¢1ner4¢h￿I.O Tnutres are ppimted by the School Coll￿11 of TnE¥es 8nd then rAdthd by the membEfB of th¢ S￿￿1 A￿￿￿70n at the AGM STh A¢cord8JJc¢with th¢ M¢moraThdum and knicies of A3￿14110n. TnJ51ees sek¢tcd for tbtir bi8tL St￿d8rd of prnfesthnlli skiu. eX￿rt&¢ Dd ¢XP¢T1￿￿ usually wlth • paru¢ul p¢tfolio in mknd. The applScA¢iots pr¢¢ess IB compliani wlth &llfw Yetrnitm&it ￿t¢S￿dIng f4u(renw livgn thAt the ¢hAri¢Hble organisltion is • forchildren Ind yow>g pcopie. Those TTUSte¢s ho]din8 certsitt prtfolios h 0$ ￿frBu•rding and hulth & s•frty are r4uired iodo tlth inth trditiiti8 kn OTd¢rkn meet D￿ sknd•r&. Ali Trn8¢e¢s Ire tequired to O) 6pf¢guudiDg lTrinln8 8nd their knowle* of saf¢8wthnB w)li¢tes d KCSE Induction a180 inwlv¢s fgmilillTWtiM with varM)us on I￿ Te4ym&ibiliti¢5 of Ixillg & Tn￿1¢¢ the Metnornndum & Arti¢les orth¢ S¢hod As8C¢iatL￿ IttdvDde￿ School's StHlldards The Tr￿Ste ll paid member of sLryff is &x¢lwJ¢d from the Yeviw proc¢u any reitha dxision5. Al pr¢s¢n¢ non¢ of the trwt¢¢5 ar¢ paid PWS

Rudolfstdnw School (South Devoll) Llmit Trn$tees' Report The m¢¢t r¢8yl¥dy to m4n88e the or8aLisiion'$ Iffth. The dlly.￿ n￿6 of the 0￿￿1511￿ 15 fornially delegated to Ihe Sehool Luduship Te4m (SLT) - whirh eothprlse& tl School Education Manew (who ¢urrrntty ￿￿1¢$ the School Leadershtp Teamx the SchLK)l Businrss Man4er TrJ the dected teA¢her r¢pT¢Knt41iy The SLT m¢elirt88 &re also aiteTrJed by the Lower School Lurnin8 Manager, Office and H&S awl Ficiliths Mthw. Desiwtrd S•fr8urdirtg Leod and the Ethy Years M8Mger. There 1$ rtBulart wryreknsive r¢p(¥#noto the Truthes on wttkty. rnuttthty and tetmly btsis x appropria￿ UtMi¢rnch att¢yJntsbk to the SclLooI oryrtiMti%)n'i ctiVititi. Tntgtee8 havr dir¢ci tllethoth of obsuvitig the itt¥ietwth of poli¢i¢4 prrfethres ptans ittyndentof leaderth￿ reportill8. The ¢Jr84ni8ation ¢¢)nlioues to Thaintsin ¥div¢ ih¢ W￿dOrf UL tk W¥¢￿￿1Ve b(Ay for 8trin¢r W41dorf ¢th￿ation ih the UK with represent•dv# tt¢ndiTrg nadon•l meetin8J ￿ trainlmg days ensuring tt¢Orttts￿¢xthWt of wJli¢ie4 Information. ¢xp¢rti8e4nd insplratirn. The Scbcd is •d by the Jlld4prlldeDi SdwDIs]rfp¢¢tornt Cknil)'$ rtsktvs¢sm¢nt Risk ¥ssmert ts in owittgcompongntofTNstee a¢livity with a risk rryi#er tevxwed &ttemity bowd m¢e¢uw. iThIEpendunt sehoolswhith eollld havea siw)ifKant impo¢[ on the V￿Ve ofVAT•inchL%fve fees chwged to ￿ ih the fimwe. The and SLT 4rB mindeul of poJi¢y In ￿001 de¢isb)rokn8 wjtimie to The chjtlty's Fisk wollle IB itt line vAth Any or￿1￿10￿ offemg ¢th)￿l0￿ ill steps ar¢ tthtt tr ¢nsw¢ thii 44)rOprI￿ mikngatiOD ood ¢c4Krol 5tru¢kn are in plart. Th¢y in¢ltyJ¢ ¢c•)pnhensive policiri DlsdwYt•tlnf•nM•ilM to Budltor Each IMS ¢akttt steps thwt thry ow lo bttv¢ tak¢u Es B m¢mb¢r ill otthr aw￿¢ of •Dy r¢l¢vAttI 8udit Inforni￿￿￿ and lo ￿tAbliSh thit eh&tity'8 auditor 1$ awHTe of thot infornwtion. The Trii#teA Dfimi that there is norelevant Infumatlon thlt dwknow of ATrJ ofwhkh th¢yknow thealldknrisuwMe. Reappokntmei or￿dItOr drsipt¢dTnJewill lltiLOtiDntte4pwnbogtbe wjthtorn vfth¢Txwteg& PA8¢ 6

Rudijlf Stelll¢r School (South Devoll) Lfnilted Trustees, Report Th¢ otsllul rwiwts •ppI0￿j by the Ttusteesof the chBrity OA6 May 2025￿￿ li￿￿ thits bebaif by.. Robertworthitw

Rudolf Stelner School (5olltb Devo•) IAll￿ted Statement of Trusteesl Responslbllltks The TLWttes (who ATC llkn the d￿￿19[5 of Rudolf Steiner S¢hool (Sourh Devon) Limited for the puwes or eornpany lawl are respn5Lble for preparlng th¢ Tn￿e£s, teport ond the fin￿111 #4tcm¢nt¥ in ccordan¢c with awlicdbje IAW and United Kin8dom Accounting S￿dards Iunited Kingdom Gcncralty A¢¢¢rAed A¢￿￿lI￿n8 Pwticel. IKludth8 FRS 102 me Retthing Sthwjard 8pplicBble irb the UK •lld RtwNi¢ of Ireland ComF• law rt4uir¢s Ihe TruIt￿ to prÈpore fin8neial srAiem¢fiw for eaeh finw81 year. Under ¢ompwry Iaw the T￿￿te25 rnusr not Hpprove th¢ ffinancial ststemeNrA unlek Ihcy aTeuiistled thttt they give i truc fairylew of Il 3ie of affai￿ of th¢ ¢harit•bl¢ c(w￿Y •nd of thc IncomiThK rNuuYr¢$ gttd appliC￿1th) of resow¢e4 Its in¢orn¢ ond cxpcndilwfy of the dwrfrable far tl&t p¢rfoO. In prewin8 th¢8e fiMn¢illl 4ttt¢m¥ths. th¢ Tn]St￿ Ere re4Uiftdto: Icct suitabk axoun¢ini poli¢i¢s ￿d￿lY¢1￿M eoniiittnily. obseThe the method88nd prinupks MJ the Chuiti¢J SORP; nuke jUdgeD￿[s 8fyleBtimw thii artre•uonIbk4￿lprndell¢: style wlth Applicable 8tsndu￿ comwisin8 FRS 102 hve bxn foliwe4 subjectth any matrriHI dBp&tres di1¢108¢dand exploined in the fir￿¢￿1 6tdmrn' ¥J epare the ffinwlAI strrn￿ts m th¢ $oin8 b8$1$ urJ¢ss li is uwropriit¢ to the ¢haritablecOm￿Y￿llj ¢ontinu¢ in busirKSJ. The Trustees llre re4ponsibie for k¢tPith8 PT¢p¢r accollrttiAg r#ord$ thfjt discjox with re•yonablo &c￿la¢Y 81 tire the fin￿la1 position of th¢ ehirltyblB eompètty and enable them to tnsvr¢ that tht finwial Sty¢LMIts ¢omply with th¢ CompJTri¢s Act 200& Th¢y aye ilw respmsible for safe￿rdIng the ¥sxl¥ of the chuitable pAny h¢n¢¢ foTtskihg t¢ason&ble8teps for the prevention andOJ¢e¢iion of fraud othet iffe8ulaii¢ies. ThE Trucs are nspmible for th¢ malnrMn¢¢ int¢grity of th¢ ¢ow*tc financial Infonn￿l￿n iDclnded the th8rithble componys website. ￿lS7•1ion werninK the Prepth1￿ dissemin1￿ of fttThn¢l&l Stwemerbts differ from leqi51ation in oth¢rJwisdictions. Approved by the Trwtetsofthe ¢h¥ity rn 6 May2025 and siTr4Dn its beh￿f Roben WorthiDWon

R￿d￿lf Stelther School (Solltb Devon) Llmlted IDd¢pendentAudltor'J Report to the Mmbers ofRud(tylf Stelner Sehool (Sowth Devon) Limlted OplDlon We have thr finJnFlal Slateme￿ of Rudolf ste￿T S¢hool (￿h D¢vM) LiMi￿d (the'¢hirity) fortht yur ¢tstsJ 31 Augwt 2024. whi¢h ¢i)mwisr th¢ SMmeLI of FllwGrEI Artsvi¢ie5. B¥isn¢¢ SheeL Ststctll¢DL gf CasFL ROTh aDd Notr& ￿ the Fi￿￿1￿1 Stst¢m¢nts, luckd￿8 a summ8ry of Si8Difi¢HDt plicies. Th¢ fiD￿JaI r¢pprtin8 frnmework beeh ippll¢d In thelr preparntion 1$ Unit¢d Kingth)m Accwiting Ststtddrdg ¢omw#8 Chuitics SORP- FL8 102 ThÈ Fiv￿¢]￿ Rcpcrftill8 StEndaTd Jppli¢able in the UK 8nd Rtyllblic of ltrland, ￿dIPpIl¢lb1e law(Urtitrd Kirtsdm GEneTallyA¢¢¢ptedAceou Pr•¢ti¢¢). In wropinion the statTrw'. Sv¢ a llnd hir vivw of the Sl&lc of thE Laritrfs •ff4irs ps It 31 Augw¢ 2024 alld otlts iromlD4 and 4pplicdiionof r¢BoU￿¢& iDthdiD8 itsiDPJm¢ ￿ ¢xp¢ndithry forthe yekr th•t ¢Trd¢d; . haVeb￿ll tryttypryed irt xeordJr¢ with Unitsd KIn&j￿ GEn¢rnlly Aw¢ed A¢• Praetieg • b1v¢b¢¢nw¢p￿Cd in xcordfince•hlth th¢ rewircmtsts of the CompaDi0s A¢¢2CK)6. Bgsh f•r oplnloA W¢ wnductsd our rdlt JD •£cord￿ with JOt¢rnaUo0￿ Sttydjrds ott ADdttiD8 OJK) IISA5 IUK)) 8ppliG4ble I￿. Our TespoMibility¢$ undw thosc standath att fiuthcr d¢5cr>tKd iti the &udits r¢sp￿sibIlI￿5 for th¢ audll of th¢ financial Swcmerjts I￿￿10n of our TVJrt. W¢ 4T¢ in&P¢ud￿¢ of the ¢htrity kn a¢¢Ord￿ with th¢ ethical r¢qiiir¢m¢nls th•t ere ￿tev8￿( to our audlt of the fina￿1￿1 stts¢m¢nu in the UK. irtelwliTr¥ thts FRfs Ethlcal Ind we thAve fvlfilltyj our othEr ¢thic41 le¥￿ilbill11ts in llccc¢da￿e with these We beli¢v¢ ttvtthr iwlitovithn¢twe hve obtatncd islufficlent 0od0pprotstopm￿d¢ bAsi5 for ouropithim. Condy¥lous r¢ladDg to i•knz coH¢eru In th¢ fjTrllcial Itatem￿ w￿lUd¢d thut theTrustce5 w of thE8OiD8 ¢oll¢¢m b•611 of B¢oJw)Ilng in the NepAtation of the tlnanclal $t•t¢ments 1$ Fvrwate. BwdoD the workwt bwe I￿ve not ideDiillcd anyjngterial utt¢ettsthties r¢lath>B to events c4r r￿Lf100$ W iDdi%id￿lly otcoli¢rliv¢ty, MAY C8St sipifie8utdoubtott ¢barity5•bilLty to rtilltimje •$ a 4oillg eon¢wn for•p¢rfod of al le8srtsvtlv¢ months from the oriwhlll financial StsthJ¥As wer¢Luthoriscd forissue. Jrr¢5pollsibiliii• Atyj ther¢4poThthiliries of tbe Tnweuwlth rewtowJth8 ¢￿￿ qTe&scritd irt the O¢knr thf•mttsn th¢ reprt other thth th¢ fimncial gnd wr4udi¢or'i report thereon. ¢)Jr opiniort oo the ffi1w￿L In connedion wlth our 4u4i¢ of the fin8rtts1 Jt•femcnts. cqw responslbillty is to Yead the other informatiofv au4 ill ing ￿. con5ikn whdbcr other iDform&tioD 1$ miwidly wlth the t1￿¢1￿ S¢¥temeDt5 or 0 knO￿ed8¢ otrained itl the audit or oth¢trw8¢ appars lo roi#tptrd If w¥ identlfy w¢h ti￿1 incon4i&tencics or aPPAYenl ma￿￿￿1 ml¥¥tsiements. re4uir¢d to det¢rnikll¢ whEther thete li i mAlerlal ¥meni fiNrtiil sfal•menr& ar A mllri41 moutst￿t￿t otlbe other infom￿tion. Ir. based ots tk work w¢ hw¢ p¢rfomw¢ WE conclude that there 1$ 4 [ni&¥a￿￿￿]I of thi• i*JbU Informa￿0￿, w¢ ATI required ty Pa￿9

RudDifstether S¢hool (South Devo•) LIA￿ted Independent Audltor'$ Report to tbt Members of RMdo]f Steiner School (South Devon) We hv¢ 10 irt tbi$ regw Oplnlon •n oth¢rwatt¢r pr¢Krlbed by thÈComp•nltJ Aet2006 Inour opSnlon,baxd Dn thE wwk th¢¢Oll￿e of the oudlL' the tD(onDlllion 8iveo in the Slri¢ R¢wrt EDd TnuteE< Ktyort for th¢ IlnwKiil yrar for whiL the ruW￿lBl JtstemEnts w¢ pr¢prtd 1$ Cl￿S1￿￿t wlth th¢ tINnual sm[￿nents., wk1 ' Iht Slrnl¢Bi¢ k¢porf I￿j T￿￿¢¢< Whave beenPrep￿ed7n ac￿rd￿eWIth wlirllbl¢ legal MAtt•ri Trthl¢h we r•qulreO • reporiby ¢x¢•llon In the IiBht of tyjt knb)wled8e and ￿￿tI8tandIng of th¢ chHrity •nd ¢rtYir￿mefjt c&tained in th¢ c¥w ofthÈ I￿j14 we h•v¢ not Id¢ll￿ned mt55weDKrts lththe SrrAt¢8k R¢pon 8fidtheThweg$' Report. W¢ hv¢ wthing to report Ltr Tttpettof fo]lowin8 wlKte the CCryDni￿Act2[￿l6 reqwrcJw toirpirtto you If. IN out•pSftion: brnnehu notvisitsdby ￿ or ¢ttsirtdls¢kn)E￿ of Tnths r¢mwwa¢ioD sp￿lfi￿tbY law ve Mi madv, or hove tt01￿ce[wd ill the Inform￿1￿ ￿￿PI￿tIOnS wi r4uiteforour•>JiL Respowlbllldrn As txplwncd rnor¢ fijlly in th¢ Str￿lent of TnJste#' R¢sk￿lI￿litieS (s¢t out on page 81. thp Tr￿%￿e$ we re8pollsible for th¢ Prep￿￿119￿ of the f￿an¢1a1 stanLents for being slliisfd tht they give a thttd fAir wiew. Bnd for 5urh iD¢Aod ¢ODtro1 •$ th¢TNstets d￿¢￿￿ is o¢¢¢ssy to¢rbl¢ the pK¢pu&l￿Or 8ttem thu¢ ore ftet from rftatsLial mistmtsmrt vAwthEr dut rofrlud ot emr. Ill pr¢p4riti8 the fir￿0¢ll1 the Tru5ttt8 ￿p9￿1b￿ for awsJinB the C￿rity% •bility ￿ ¢O￿lD￿2 ¥ ¢0]￿erty dts¢l0Sl￿ as applic•blfy rElottyJ ￿ gOiDg ¢on¢ern •nd v$iti8 th¢ 8okng b￿1% or accoun￿n￿ w)le55 thE Tw$4s tither Innd to liquidth the thrity or ¢0 ceile opuations, or Iwve ho reoliJtic alternative buttodo w. A¥dltor reyiuJlbThi ilu forthe &lldlt ofthe llnantlAlthtern¢Dts obj¢¢liv¢s lte to obtain reuoDgble W55U￿ whether the fm8ncial ¥¢•t¢rrKots whole •re fiE¢ •t¢Fial missiAtemen( whether due ¢0 fraud ot elror. thd to issue ￿ 4udL'lor'8 r¢port th•t ittludes our opitilott. Reasomble lssurntte is a kv¢l of ssutaThee. bot i% not A Buamtee that Bn audit ttytducted in ￿COrd￿n¢t with SAS (UK) will 8]ws dclwt a matsi81 mlsstst¢rM when it ex15ts. MisStatun¢ttts ftorn frBud or ¢rrr •JwJ tr¢ ¢•Mi¢lexd TrMteriD] if, ￿￿1Vid￿￿￿ or lft the ag8re8&te. they could Rwnllbly bB ¢¥perted to infiuNx the ¢¢OLwk declsloTh% ofw¢r5 tskcn OD the basil ofthese tknan¢￿I ot•tsM¢Jts. Thee%M th whith owwor%4w¢s are e8p&b]e ofdthAting 1Th¢y￿rit*S, lthelllthfft8 frwdii dd111￿b￿V. Pwio

R￿d01( Stelner Selwol (South Devom) Llmll¢d Independen¢ Audltor's Rep•rt to the M¢mber8 of Rudolf Stslller School (South Devon) Umltsd The der¢¢￿￿0[frW￿ itT¢guJariues li a ￿nsideratIO[L oftht •¥Jii pl•Dnin8 4lld isiwri¢dthJw8tL ts the Nudii MmleiioB sta8E. A risk asscssm¢nl aDd ptclilljinary aRalwicttl revLew is"4￿d￿.1￿è1p)wlllW8e and T¢PS ofcontem thEn builr irKo Ihe audit slrtegy and ¢e3lsn8 to suffj¢ifni P￿thJIeS ind evide￿¢ is DbtaiDed 10 8tve comfort Ihai mftterial irTEgularlties and poithtio] in51Hnrts offralldrt th¢¢¢￿ th py8ibl The audit team 18 ￿l¢(ed re8Bnlin8 afty m or the pot¢nii•l wjdit and rwueniia] impad. Th• a￿lIt tsam Yem•ivd viuilqnt throu0￿t their wodr and made in9uiries of perwnnEI thrwghc Rudolf Stsitier Sehool South Devolk kcy were tonwlted on Any known or su5P#ted bre￿thts in Laws d re8ul&¢iooB Ilw with MIS￿pr￿1￿1￿ll of ffiJlld5 ￿ bxh tk plannioA Iud completion 6th8es 0(th¢ awliL Due COD5ikntiONThX5 ¥iY¢D kn thepos$ibl¢wse of ￿rnt￿t ovethde ono I￿LIt inlo ow4￿¢ strdteBy. The iniiial risk ￿g¢S$￿nI hi8hli8hted a slThi sttjpper being of nLTrCrrf￿4r￿¢ with Ofsted. Rudolf Stsiner SCI￿1 Sollth Dev4)n another ofskd inap¢¢Don 5Th Swrntr 2023. WevKre ablcb) obtalm awy of the IWI T¢WI which w Ned as Ilthl in •spe¢L Ind ov¢r•ll. Rudplf Stcin¢r Schtyjl thert chanRtd itsipeerornio to ISJaDdtpttdatti $¢hools WDspFrlprafr) atsdwThJ¢rw¢at an ma￿￿￿ CbaD4P Iwertionlo M•rob 2024 reutstcd by the D￿ . A copy of th¢ report has beeD DIKaiDed ond all SlaDduds werc #Kt mthrid clwi8e 4Trnl¢d SO Don c0mplillti￿ undp0￿1101 ¥howJtopp¢rrK4mfttui&li5it>8. The of th¢ pre]Imlnary •)1]￿ revl¢w of thv tlnan¢lal S¢a¢ements is to bighlight any pwible areal of ictm Lo ￿Vestigate whether the varianc¢ 1$ eip¥¢red or unexp￿. based m th¢ infornation obralned a5 Psrt of the pknniDg process the Cu￿1 clirtith the Ch￿ity Is OFetHliBo uth. ReJevHllt Hudil hod tkn been pJaDDed to obiHill supponthK dowm¢ntAtiOn to ejtyfft th￿ th¢y ￿ withth the ¢hritsble obivcliv¢5 aDd A milllFwopfi￿ioll of11]nd5 bY￿Y of fr•ud, Drmisstat¢rllettt%. aCCQWLts discloEure ¢b#&lists 4vllilablc v¢ a140 ¢¢ryl¢tcd to the Ae¢ounts eojtyty the ￿ rwlng fmmework thar Li Ippli￿bIt ro the chtiritsbl¢ The￿ are aspects of thc audit Twhlch ￿edelIbera￿lY unpredi¢tthle ¢0 amiit in the de¢¢¢tioti of irylorthes. ￿ as varyJtt8 IM)W TR Si item$ •Te mott su5￿pIlbje To yeu on ye4r by incorpDrntill8 sysiemti¢ iD8overthBpopulRtiow t¢81¢d. Uwof•yrreport Thi5 ryort i5 ma& wlely to the charft4bk ¢Ony8n￿5 TtUS1¢¢5. as a bdy. irj ll¢¢ordath¢e with Chaptef 3 of Pllrt 16 of the Comp8niu Act 2LX)6. Cwr ￿￿tIf 4*)rk b¢¢n ￿dertak£Th so that w¢ mighi st8Fe to ¢he ¢h8rityS Tr￿tee$ thoso we Ire ffquired to sta¢e to them ID all oudiwt'$ pmd for ithr purptrse. To the fiJllts( exr¢DI F¢rniitted by l&w. we do thoi a¢¢y or a&suEll¢ tf5POti8ibility w ￿yO￿e other than the Ch￿l￿b]e cullpaoy Omd i¢s T￿stIeS Bsa bL￿y. for0uraudilllll￿ forthKs ￿pOrt. OT forthe opltiiorys￿ hwe fonb¢rl Rowa T Kwalsh Isellipr Ststhtory Avditar) For Bnd beb&lf of Msnttin810Trs, S4DJlOry Audiwr 39 High Batde TN33 OEE

dolf Sttln¥ School Isonth Devon) Llmlted Inde￿ndent Audltor's R￿tsrt to th¢ Members of Rudolf Stelller Scbool (SDuthl>rn) U￿ted Pw12

Rud•lf Stelner Sebool (South Devon) Iknilted ststement DfNnanclal Athi¢ks Cor the Yegr Ended 31 Autust 2•24 dlldthglncome and Zxp¢ndl¢ur• Account *nd Statement of TotAI Reeognl8¢d GAlns and Losxs) Ummtrjeted Rts¢rl¢ted T•tsl 2024 ITKowt4wdEffldowm••ts Donati￿$ and ky¢i¢s 673 1.82B.455 1.309 673 1.828,455 InYesThnent Income Tothl inc(me 1.830.437 1,830,437 Rai5iog fuThJJ lThoritdJle aetlviti 11soo} 1.727,095 11,s( 1.727 095) TO￿leXPendi￿r• 1.728.595 1.728.S9 101,842 101I42 5.104 Netmowtrf in funds It4946 15.104) IOlJ42 Totsi JJndJ bmuRht fomrd 1.107.091 1214 037 1.214.037 Th¢ ttows oftpgrn 17to 30ftrfm an InteKrnl port of thE&B #¢•tenwts. P¥e 13

Rudolf Stelner Scbool (South Devon) Llmlted Statemenl of Flnanclal A¢dvld¢s for the Year EDded 31 A￿￿5( 2024 Ottcludloglheome alld Expendltsre Ateount And Stslement ofTot41 Rttognlsed nd L055es) Total 2023 fund5 Dt¢ 3,417 1.491n4 7.414 125 3J17 t.490,724 7,414 awitublE ll¢iiviIi¢5 Adlvltles forgmernting iJOi.680 Expttsdltwt 1415) {J.445.4311 14151 1.44S.43J Ch¥iiabk ￿tly$ll¢S Tthl expeTr]i (IN45￿6 11.M5,846 Net Income 55.834 $5,834 NdmoveMt in fur 55,834 55J34 Total tYOUBht tuwjrd 1,051,257 1 107.091 5.104 The fillJsbrukO)Trn for2024and 2023 li shm ltt no 22. The notes 17tts 30 forni ￿ intrgr￿ of tlve Ihnciai ￿t￿lIents. Py14

Rudoifstdner School (Soutb Devon) Llml¢ed (Regtstradom number: 1693817) Balance Sbeet as •t 31 August 2024 2024 2023 Note 1,54Q175 1.580J77 CxrreDtfiKets Deb￿r8 Cash attqnk 4nd in h￿d 16 17 244,744 155,761 4￿.505 24AJSI 81.12B 327.679 Crellt•rv. AMouDts Only￿r 1381 40&509 18.997 17&83 TOtsIa￿•ts lew ¢iir¢ii¢hbUlths .565,172 1,501,$47 389,J521 CTodlton: Anmunts fllllni •fter mor• gDeye•r Net iWs 19 1351,135) l214,037 nds•rtbth￿. R4strlrted IDcom¢ funds R¢thcted 22 S,IIA U•ru¢rkted In¢•w Unrestsi¢ta funds lJ14,037 Trfal 1.111195 The Itnwthl sts¢¢M￿lts on pg8t4 13 to 50￿re apNo¥￿ by th¢ and lluthoriEed tr isAe ott 6 Mty 2025 ¥MI &8ned on th2lrbebJlf by: Tzu5ts¢ Th¢Trx¢& M pw$ 17 10 30 form ID Imey41 p•rtof thest st8lem&i

Rndoifstelntr Sehool (South Devon) Llmlted Statement of Csb Floivs for the Year Ended 31 Auguit 2024 2023 C4sh Ilo•yfr•m op¢r•dry•dlvld 101,842 55,834 fl•w¥frorn nowish DepreuatNill 53,496 (1.31191 154.029 48.197 (125) 103.906 D¢¢rEax in d¢btorn Incrcudlde¢r￿el in credit 16 18 19 91.806 122.968) 529 18577 (46.048 12 93,215 Cash flows IroTh 1,309 119.294) 125 (&0361 157 GhE¥c oftEnstbl¢ fi￿a¥￿e SalBof tphiiblt fix¢dth¢ts N¢1 cuh ILow5 from a¢tivitie 15 (17.985) (7.754) Cash 110￿ from IIMntlAS CtITII of lty*Js d#dbtimitizs 18 (35.747) 34. Netiner¢u• 4uival¢Trti 74.633 51201 Cuh ￿d¢Wh ¢quiv4kthts At I Srfknb 29927 155 761 81.128 Ther￿￿& 17 1030 intc￿l pfftofthese finwlwl stdem¢ Pw16

RudolfStsln¢r School (South D¢voM) Llrnited Notes to tbe n•#nelil Statemellts fortbe Ye•r Ended 31 All￿￿t 2024 The cb8rity is Jimited by 8thrnDIM, tr￿Al£d to &WaDd otld W&ks, 4ThJ colls¢qu￿ &)¢s nc4 hThe sb8T¢ iinl. EH¢h of the 1$ lithle to ¢￿tril￿tte ID wnow4 ¢xrK>Jing £1 toYrds the as8ety orth¢ ¢huity in the ev¢ntof liwidatson. Traddrnoflts K8is¢¢ndoffice" . Hood Mamr Dthingt 2 Act•uthiipdlcles S•mwry of slplllcAnt •c¢ountln8 polld4s key e¢•uidNtqsilm41¢5 Th# priD¢ipBJ politi￿ •ppited A¢ th¢ Pr￿￿￿tiOn of these fwKial 5talements (mrt bth. Th pj1ic￿havt been eon5iSt¢nlty •pplied th all tb¢ye•ts prts¢nted. Other￿5¢ 5tAts StAtewnt oftuMpMnc2 The fmaDcial 818tern￿ b4ve be¢D WeF￿ed iti a¢cordan¢e with AceowLtiD8 llDd ReportitiB by OETiliek' Swetwt •f R¢comme￿jed Prncti¢E appli￿ble to ¢bJtiti￿ Nepali￿ their ID a￿DId8￿ce with Fillao¢ial R¢portiD8 Swthtd a￿l￿b￿ in thr UK •lld Repyb]k ofTr¢]llDd (FRS 102) (¢fft¢tiv¢ l J8ouary 2015). {Charities SORP IFRS 102)}, the FinthÈi&l RepDrting StahdYd appitt•b]e in the UK Ind kyblic of Irelgnd IFRS 102) th¢ Compmiu Aet 2(#)6.The dateof tr4n5itiOrt toFRS I02W￿ I SeFwh¢r2015. •ls•f PnPAratlon RUdoifs¢eu￿T Scb)Dl (&YJth DevorL} IAmityJ m¢¢ts th¢ &fjniiioll of • pthli¢ bcL¢fii eutity FRS 102.A65118 attd lillbtlili¢5 Art initially rr¢opwSEd ￿ hithriclll curt or wthlt46 swed ID th¢ rtkvaot aceoLntin8 poli¢y Th)Te$. Th¢fuMDci&I have bMApKepredM•goiTh¥ bosts. Th¢Thwtees the use of 8OLttg ¢on¢ern 15 ￿pro￿lItI i& whEthu th¢r¢ any moterlAI wK¢rfwnti r¢led to ¢vtnts or tfjttdi¢iow thil may cast si￿1r1¢￿t doubt th¢ •bility of the eh4rity to ¢ontinue going eant¢m. Th¢ mHk¢ th15 a$￿S￿eNt In r¢spu¢ of o p¢riod of 0￿¢ yev froty the date of approval of the fiuHnci•l statem￿1 IAknur'¥ VAT pollcy • sigllif￿￿ imp¢i upoj th¢ schoDI. In January 2025. whts th¢ VAT exewtion OA iDd¢pthd¢ut s¢boots was the school ftduc¢d ftts by 15% to elYwtiv¢ly pm& ottiy 5% of VAT ont pIMt& The subseqllcnt leth￿￿0￿ in In¢ome & res¢rurttw¢ in Novernbcr 2024 •wltich ￿&￿Ced stsff numb#8 knd fortta5t & dtsficil of£25k for 20Z4125 and In optfational Su￿1￿$ of £25k. Th¢ 2025ll6 yeBr Mll hve An openbonttl Surplus with thE opiion to reduce costs if iKoftw 15 not suffictent 10 crtllte outcome alonc. Th¢refor4 trllsttts w¢ Confldthr Ihw th¢ #hool ¢ontinuE5 Tr5DUT￿ to Contin￿ In OF•Trtionol Page 17

Rudolf Stekner Sclool (South Dev•n) Lknitrd Nfjtei to the Fknandl Statements for the Year Ended 31 Auygt 21124 Jud8eMttts Ddrntitrti gf ikn there Bry lttdtWOR8 of of thE Charity6 tsn8ibk Imo of th¢ w6¢L. K¢yMurees •fesll•MdoD UnCtrt•lnty TknBilple ftted assets depreciweA Dver their w5¢fv1 Jiv¢s taki￿ lo￿ ar¢(￿t r¢sidu41 whern The a¢Tr￿l lives of the assets slld rtslthl VBl¥¢s #rr W55Ed wbwally •ttd vary depeDdloB ¢)n D rwtllbEr of ra¢lon. Jn ￿-B$SH￿S 455¢1 liv¢& f¥torn Is 1th)logic￿ ittttovAti0￿ DrothKt lifr ¢ycl¢s ￿ MEID rrfogromrn¢5 4T¢ tak¢D ￿10 ac￿￿1. Reslduttl vahje •￿eSsM￿ts ¢on5id¢T issues as market etsndlti(K4 the lifr of & assd Shdproi¢C￿dl5P0sal v•iue& The carying unount i5£1,54A17512023 41.580J771. The rewv¢rabilty of book dtbts 1$ r¢¥iowed by maM8ement a povlsion ts made b￿d rn 411 the infornmti uv•iI1b￿ Th¢¢•tryins •mNllt Is £374,742 (2023 -£359J041. All itieome is reCo￿lSed ott¢e the dwity Ims enliti•rtni 10 th¢ illcow It Is prrtjQb￿ that th¢ will be re¢eivedJndth¢ tDow ofttrrtoti rt¢eiv0bk￿beM¢aSur¢d telillbly. Doth￿1(￿$ are recogHis•l when the ¢huity hN¥ b¢¢n notifid in ttritlns of both thu &fttr)unt 4nd uettJ¢rn¢rt d&. In th¢ evem thai a dmarfon is FJbjc¢t to conditims thot rcquirc i ic¥el of ￿fornia￿¢t bythe dthybefore the ¢hwity il erytitied to the thlld& th illCL￿ is defttttd alld not Re0￿￿sed uwil eith¢r th05¢ C(￿0111￿ gre fjjlly or the lfibn¢ut of collditiODS is wholly withiti the ¢oNtrol otth¢ (kniry Aod it i% probthle that the8e condiiioDS will b¢ fylfilk41 lath¢ ryurtitt8peri(Al. Del•rrediwcMe it hH5 b¢¢ll ￿K[ye4L s￿￿￿￿e0￿e 1$ olltydefert¢d WI￿. - Sehool f¢¢5 invoi¢¢d in •lYan¢eof neXt￿hNl year. -The donorsFeiftes that the ordohation tnwl onty bcu8¢d in fjJAWe a¢￿A￿th1O rkriod%' or .ThrdMorlws lttwrt¢d¢oAditsons wh2th ￿me[befOre the cknity haswKondltioJul eniidcmcrt ExpEndlt•t All exp¢Thdityr¢ ￿ wised c￿¢ th¢r¢ is a kyl ot ¢otth¢tsv¢ Obligati￿ ￿ thAt apudits￿. it 15 prob•bl¢ J¢ttkrntht ?J required thd the wnrAmT C4n be relithty. All eosts &re￿i￿d to thB dpplieable exp￿dIn￿¢ egdinx that *ggr¢gate similar ¢osts cth80ry. Whcre cos¢S cath￿1 be diffCltyatm￿ to ￿ti￿laT￿￿1￿￿ thcy hllvc all0￿d on a b•sii conSiEt¢ni Ivith thr us¢ of r4sowces, with ¢enty41 $tyff ¢osu allocattd on th¢ Is of time $peo4 aftd dryr¢ci4¢iw ¢b•rll¢s ￿l¢￿ted the wliott of Ibe wet'i we. Othu aye

Rudolf Stekner Scbool Isouth DevoD) Llmlted Notes to the Flnntlal Sthtements for the Ye•r Ended 31 August 2024 tradi￿ 4Gliviti¢s thtt tail¢ fimd Clwitablc expendlture comwi5¢5 th05¢ costs Incwred by the ¢hg¢ity in the delivery ofits aciivitim and ¥¢ry1￿ for ity benef￿1riCS. It W￿ludeS both th•1 be alIL￿￿kd directty to M¢h #¢tivittes thwe costs of an iLwJirrtt These in¢lud¢ the c£6ts atyriblltable to the ¢hrity'8 compliuce tOn$ti￿￿o￿ &id Jtsttttory In¢1￿1•n$ A￿lL•traI￿¢ mahos¢nKrf ¥￿Tn￿g$M¢￿in4S •￿￿1[￿￿W￿d￿¢r￿e& Txatlo Th¢ elwity is ￿r￿der>I the te6ts ietout in pW48rn￿ I Scbethile 6 of Ihe Fin1￿¢ A￿ 2010And thertrO￿ 1¢ mt¢ts the definliion of a¢hArilablewnpw f¢rUK co00rnt￿ puwrJ. Accordingly• the Chwity is potentiilty e%¢mpt fram thx￿10￿ iti Tcipert of income or capltsl 8ainS Tcceived ￿thin ¢ate8orles ¢ov¢rtyJ by Chllpt¢r 3 Part 11 of thB Corporn1￿ Tax A¢¢ 2010 or S$¢tii)n 256 of th¢ Taxauon of ChaT8thlv Goin5 Act 1992. to ts ¢xt¢nt thit or84in5￿ appILtdexelu8ivdy to ￿￿1%￿b]e pwpo T•n8lbk fiAed lodividual fixed auets c•s¢in8 £200.i¥J ornKttare lftitiallyt¢¢0Td￿ •tcui. D￿reCIll￿n •Dd ALWJrtlith D¢￿¢411110n 18 Fwvided ott IAnKlyle fixa so off th¢ or w￿￿￿100, ks$ w e4im•tsd r¢Bidui v•lu4 ovw thelrexptcted USefi￿ life ts follows: AM¢t Freehohl Interest inbwlikntt Deprtdlthx I￿1b0￿ pn41 rate h ltra18btlhb￿ls I￿A. 20% strai￿[ Tr•le debtLNS TecowJi8ed Init￿llY at the transl￿n pric& A provision for the it￿￿m)ent pf tr•Je deb￿ is esthblisbed thue is objeciive evidryK thai ikn thllrity will bpJLbk to collect atl du¢ ￿￿[ding to C&5b Dd equlvaleits C8h and ¢L8h •4uivolents wmpriBe cash on haThJ artd call th￿lts. And other short-t¢Jm hlRhly liquid invesknthts th&t mdlly con¥ertibl¢ io aknowm Rmwui 8rtd4re subjtttto In I￿1￿￿]￿¢1￿t risk of <4Tr8t in val￿. Pw19

Rudolf Stelner Sehool (South Devon) Llmlted Notej to ¢he Fknandlil St4tsments for the Year Emded 31 2024 Trade fredlt• Trade creditorn r¢ obliptioD5 ¢0 w for goth or gervi¢t8 i¢n ID th¢ ¢Yduwxy Mw¥e or busirtes8 fmm suppli¢n. Ac¢ouuts payable c14ssified ￿ tiurtDI liabilities if the ¢hllrity d9¥ DDt h&ve ￿￿OndItiOnal ri8lLi at the t1￿ of the rwiing period, to defer Settlem￿ of th¢ qEdiwr for at1¢45t ￿￿ve mih$ after Ihe reportlTJ8 date. If tlrE 15 ¥ wncoTrJitionai right ￿ defer fr * I¢￿ nKrths •ft¢r th Teportin8date. swuentul liabililies. Borrowl•8J e subsequethtiy ¢tirricd atamortijed ¢oM. with Ihc difftrence bet%%en the proL4ce&, t￿t of frnTrsxtion costs. the nount due ￿ redemp¢ion b¢ins Ttt•BniKd 4s a to th¢ Swem#)t of FittgnciII Activiti¢s ow the ptriod of lthr¢# exFwe 1$ r¢co8Mwd otL the iwis of thE effe￿1¥¢ ￿t￿¢st methcd atkl 1$ illdutsj li iThlettsi piyobl¢ •nd BoThowin85 Are cknsslfled as ¢urreni Ilabili&5 wIE55 th¢ ¢knty th154n Un￿￿1110￿1 ri8hito deferttI￿ of the libility forat lewt ¢welv¢ month$ Aft￿the reporting da Ford8ThUtILaw mDrtthry wi li4)ilili¢5d¥tmnwJ￿I in ¢￿￿￿¢1¢5 # the b•lanc¢6lKeid# Fgftd 8trllttDr ULveslrictJ fthnth ￿£￿￿￿[￿1 fwth thDt w¢av•ilnble hr use at theTntheu dixKIion ID ffijrtbw￿ of th objxtives of the ch8rity. kestricied ittcome arc those ￿L￿t￿ for use kn a ar¥L or for ryxific purpw the of whi¢h is t¢strict¢dto nruorpurpo PeDsloAs aDd •thtrpwtredromeDt obllptt• The charityoperntes a defined cDntnl)ution pty￿]0n Nthi¢h 15 • pemionpkn fixcd c￿￿￿0b￿lI0 Ire PAid Into a ￿nSIOn chorlty Iws Do leK41 or ¢onStr￿lIv¢ obliwion to w fwth¢r ¢ontribAlions e if the bJDd ¢kns not hold sufficient AS6ets to pay ¥tyJloye¢s th¢ ben¢f￿ rGl#tin8 10 wioyee 8¢rvi¢¢ ifL the ftelll aThdpttwxperiodL ContribwionJ to deftned ¢0nthTr￿10n pl￿# Te ttco8nised ift Ihe Sth*meM of Finattti&l A¢tivilies art

Rvdolf Steiner School {South Devon) Limlted Notej to tbe FlllAD¢ial Stqtements for the Ended 31 AMgu8t 2024 3 JM¢orne from tknitlms le8￿1 UNre8trl¢le fum Gtm¢r•l T•tal 2•23 And I$￿1￿%. Appeats and DonatiDnS 673 673 673 673 3.457 UDre5trkte fun GM¢Tal T•tsi 2•24 T•tl 2023 1.763.980 1&93B 1.763,980 16,938 47J37 JA44.734 19JOO 26.490 Other 1.490.724 TotAI 2024 Total 7.414 7.414 UDT¢Jtrl¢t¢d rryDds Generl T•tsl 2•24 Tothi 2023 Intere#ttcfivBbleon drpc6its 1309 125 P•8e 21

Rtsdolf Steloer Sehool (Sollth DevoD) Limitsd Notes to th¢ F￿￿¢111 Stxttm¢nts for theyear Ended 31 August 2024 a) Coth oftt•ddlvlths T•1 2024 T•tl 2• Gen¢r#l Fundrn&siD% 1.500 l J(M) 415 415 U•rHtrlct T•tal 2014 Geoerl 2823 Nott EthcattOD 263,956 287.732 54228 12S3IXI 155.031 54228 l J53 155.031 1.727 095 47.854 998MZI 111.024 1.727.09S 1445 431

Rudoifstther School (South Devon) Umlled N•)tes tts ¢h¢ FkniM¢lal Statements for the Year Ended 31 AuiLrf 2024 9 wpp•rt ¢••ts CoverMDt¢ tosts VJnr¢8trictsd To1*1 2023 Gen•ral 2014 OthcrJt4ff ¢￿ts Alldil f Auditofthe financial 1988 4.139 7.982 3276 62.625 1.779 76J81 9.744 3.180 39226 538 54.197 3,276 61625 L¢BLI fees Mafkdins Ind publi¢ity Y6,381 155.031 IliJ24 lo NetID¢0￿Y1￿U11W rnour Z•14 2923 knlii i•ssw diswAI of fix¢d o$8th b¢ld forth¢ dwttys ￿¢￿tellI1(￿of fixed Bwqts 7.982 13( 54.528 9.744 (343) 48.197 11 ARdexp•n No h4v¢rtMlved any t•1Mb￿¥od ¢xptmeJ or•nyoth¢r iK•efits from th¢ ¢hirttythrin8 tky

Rudolf Sklner Srhool (South D¢von) LIMlted Notu ¢fj the Flnan¢lg1 St•t¢memts for th¢Y¢8r Ended 31 Augvlt 2•24 12 StAff eojts Sta(rtO5tsdDrlry theytarwtt Wa8e5 solArics SOCI￿ 8euuity ¢ostJ ion ¢05 1,136.641 94J82 22￿1 914.207 6A308 1&306 4,139 l.W2.960 1.25&838 ThB ]bDttthiy weta8e of pergoos li￿lUdi￿¥ oenlor t￿￿ettI Il¢wlEThlup t¢8m) wloyed by the in8 the yurexprts8•Ju fjjll tm¢ follo￿. N• it•bk 0￿]vIll¢S ¢mpkn¢ b￿gr￿S•(th¢ k¢ywaDBsW￿PV9OL￿j ofthedmrfty £103J701202J.£9Q450 2024 21 Alldit of the srattnt 9.744 Other frts 1•4lldlto 3276 3.180 14 Toxalh)

Rudolf StsIAer School (South Devon) Llmlted Notes to tbe Flnantlal Stalemtnts for the Year Eud•d 31 Auguit 2024 15 Tanobie Ilxe41 •Mets Laud bulldknp Fyrnlwr¢ •nd eq#lpmewt Totsl At I SeMener 2023 Additlons Di5P05ds Ai 31 AwwJst 2024 DRpTelidoth I Swttbtr2023 2253,828 17.011 242278 149filQ6 192M 1031 11.031) 2270.839 243J30 694.201 4S,076 221.46B &420 1,031 91s.n9 53,496 (1.031 Ellminlkd on ithsp(als At 31 A￿￿￿t 2024 739J37 ￿157 ￿194 NÈt b•ok v#lu• At 31 AuBwt 2024 Ar31 AuRwt 2011 lJ31 2 14673 1559 567 l.S80 20.810 ￿77 16 Dtbt 20 23l462 200.541 5.020 4882 240.551 17 Cth •Dd •ylv•ients 2•24 2023 2.192 52.937 IIJO.632 155.761 981 79231 916 Pw25

Rudolf StelDer School (South Devon) Llmlted Notes to ¢he Fli•n¢lal Ststem¢nt$ for ¢he Year Emded 31 Au8us12024 18 Credknri: •moMnts flllngdwlthlrt OnEyéAf IoAns Trnd¢ ¢r¢dilOtS OtberknB 27956 174N7 25137 161,678 2559 3.926 17.247 14&220 r ¢redito A¢¢ruals 3J56 14,758 192268 406.509 Crediwrj withill otte year includes the following liobiliUr4 oll vthich xcutity has beetliivcn by th¢ thAty'. 2024 Bwthloun 27.956 25.837 &6l2 3<449 36.919 19 CredIth￿. fAIIIMgdu¢ After•lleyoar M24 2011 293.075 58.1 351 l35 321330 389.352 2•24 After ftx)rethah l1¥¢>￿bY IrA#lments 187.763 221136

Rudolf Strh¢r Sehofjl (S•uth D¢von) Umlted Notes to tbe Flnin¢l#l Stat¢me#lJ for the Yer Ended 31 August 2024 Bank Iow•s •verdrafts alt¢rffft yta B4Dk 108ns ate a ¢ombkniioD of 2 lo9￿ ￿ fulltrws: Bank 108n l i8 st￿led by a le$￿ cbHrye over the frethold ￿l￿EsS pyoptrty. Hood Manor over 19 yMr5 with the itwailmetht July 2034. lTht¢rut char￿d at 4 fixd of 4.84% an th¢ IoHn fcf thc ye4T •mounted tts £14,556 { £ISJ12- 2023). loan 2 is a uwur¢d sov¢rllme￿ bAeked Covld BoutKe fv £$0.(￿ over 10 yurs with the ADSt•JJmeTht thEe M&y 2030. Inte￿81 is ¢bW at a f￿￿ of iDtuesl ￿ 2.5% p¢r for th¢ yeAr to £921 (4161- 2023>. Other Afterfl%y¢ Th¢ otller Iosn i$ S¢¢ur￿ bya 14al thar8e over the freelLold business propew. Hc¥wl fvIAnor. fwin8 2021 fllwKial yw a fthr £6O.000 WAS borrow¢d and the to￿ per￿ exr¢lldbJ redu¢ill8 mottthly repymellts with the fwal iDsthltD￿t Mty 2031. JnteYe8t ¢h￿d at a rate of 4% varith on thB lo￿ for the )wr to Q910 {£2208-20231. I I￿1b￿l mder blrepurtbwt•DIw Totsl futh mininurn lellSewTh￿ts MTtreanceLlable opuadrt8 foltm: 1024 (Mh•r Wlthth on¢y 2924 2924 8.772 21 aTrd otler s¢ken The clLBrity roerth$ A defined eOntyibL¢ion pension schery%. Thv p]Lsion eom ¢bari¢ tor y¢tr repre•oMg ¢£*ributiQD5 ￿YabkbYdKC1￿Ity ty th¢Kbeme arrrnmtd w £2182713)23- £18.31%l Pw27

Rudolf Stelner S¢hoDI {Sollth Devoll) IAmlted otes ¢0 tht Flnakndal Ststements for theYMr EDded 31 August 2024 22 Fullds Bslnce8t I September 2•23 INc•ml Re50¥rM ruo¥r¢u exp#thd Trusf•Ti 1024 Unrerleted f•Dds GcDeT41 fond l.If17.091 1,830,437 11.724595) I,214￿37 kn¢th¢¢d funds atrj ctatl$ 5.104 5.104 TDtslfuD I IIL195 1.728.595 l 214 037 Septethr Iotomlni Rwtstc I￿￿de4 B￿￿ntE at 31 Au8y 2•23 GMrn71 1.051357 {1.445,846) 1.107.091 Ats and¢rafts 5.101 1104 T•tsl (uAds 1.0S6J61 1,501.680 {1.445.846> 1.112.195 Th¢ 8pe¢lffi¢puYposMforwhich the tob¢applid are￿ follo￿. Th¢ ATts wd Cnfts fiwd is to expxd vail*bk for thr ¢knion or •JvJ ¢rAlls within tht 6¢ILooL Th¢ bJl•rt¢¢ On the Ats apd CTth r¢$kn¢t¢d ha¥ been spenr ltt ¢Adler ￿ •nd is no Iwgr held for thls SH]fpD&4 Eo the balan¢e has b¢¢ntswferred into UbweA?cired in 2024. Page 28

Rmdolf Stelner Sehool (South Devon) Llmlted Notej to the Flmnell Sta¢tments for th¢ Year Ended 31 Auyst 2024 13 ADAty4s•TNrtoKets b¢twttafoDdi Unréltrkted Tolal at fthttds 31 ADys1 Gemer•l T•Th8I)l¢ fixedasw¥ 1.546.175 400.505 1381,508) 351,135) 1,546.175 400,505 138IJ08) {351.135 L037 1214037 Tel￿ t 31 A¥gwl 2023 Cumt lilblllii CttdthorJ over l ycllr T(4al ￿te¥s¢￿ funds Genenl Rt•ts4¢¢¢d fund• fixed￿￿￿ IJ8OJ77 32U7J {406509) 389.352 1,580J77 327.679 {40A509) 1389.352 5.104 Cwrent11obilirf Ti¢•l oet US¢¢s lo7￿91 24 of xrfi)JAds Syembr FIDaDdDg At31 Aue•# 2023 81.128 (34.987) 389J52 74ffj33 (1470) 3V17 Debt du¢ithith ￿e}￿r 155.761 137,457) Netd 343.211 S•ptethb¢r 2&22 Cath it bathk ADI illE•￿d D•bEd￿wIth5tt 29,927 (34.711) 51201 81.128 {34.987) NEt de {42B.134 4321 J

Rudolf Stekner Scbool (Sollth Devon) IAD)Ited Notes to the Flnnelg1 StAtemtnts for the Year Ended 31 Au8VSt 2024 25 Related partytrAi¢lloM tkning thByCaT thE thrity mlldcthe pvty t[w￿liE￿I.. 5¢hool fe T￿￿ttt5 NI￿1￿ Ed￿0￿￿ Ben WhAiely •od Alt¥on Fisher ha￿ ¢hiidrell ait¢llthng the s¢b)ol as pupils. Invoitts rrf p4rA•l ￿M￿]bOtiOnS bav¢ bEeD rniEed ¢ornptyiD¥ with the fee 8nd fllmocioi U8C55DMI po]i¢y. Jwltins itt B¢n WThat¢ly T¢Kiving • dLount ￿ I￿￿￿1th th¢ policy. outsW￿lD$ fees Ire 4 Combin￿70￿ of fjv¢rOts fees and term lttv(dces ralsed kn Advortrt INI deferrtd In the 4¢WUDts. At the hllnte date the Amtyjftt due fmm Rudolf SteiDer Sch￿1 South Devon for S¢hcK4 feM to i Tnuteew88 £1303 {2023. £950 R￿Qlf Steiner School South Devon from ThJsiees> 26 oif&iAnt•th•et 8mn84ll￿ts On 17 Dx¢mt¢r 2024 thexhool refinanced rtpairyn8 the loons heid ovtrHood m￿Or totslling £332hOS.Th¢ cl￿1 ￿0k out lo￿ for £7tWJ.C￿ 8eawed on the fvll si¢t for 25 ye4TS duraiithL The irt¢res¢ th¢ new Iom is 4 Thi￿1¢ rate of 2.75%+b#¢ Tht¢. Th¢ relense of ¢•piil of £348m4m onty be uaed tr t￿111 Py30