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2025-08-31-accounts

REGISTERED COMPANY NUMBER: 01757474 (England and Wales) REGISTERED CHARITY NUMBER: 288148

REPORT OF THE TRUSTEES AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

ST CATHERINE'S - SPEECH AND LANGUAGE

Bright Brown Limited Chartered Accountants Statutory Auditor Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ

ST CATHERINE'S - SPEECH AND LANGUAGE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

----- Start of picture text -----
Page
Report of the Trustees 1 to 8
Report of the Independent Auditors 9 to 11
Consolidated Statement of Financial Activities 12
Consolidated Balance Sheet 13
Parent Statement of Financial Activities 14
Parent Balance Sheet 15
Consolidated Cash Flow Statement 16
Notes to the Consolidated Cash Flow Statement 17
Parent Cash Flow Statement 18
Notes to the Parent Cash Flow Statement 19
Notes to the Financial Statements 20 to 37
Detailed Statement of Financial Activities 38 to 40
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ST CATHERINE'S - SPEECH AND LANGUAGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

The trustees who are also directors of the charity and the group for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The relief of sickness, poverty, hardship and distress, among children, young people, their families and other persons who are socially excluded from society as a result of their speech, language and communication needs, by: providing a range of services which include advancing their education through the running of a residential special school and sixth form centre, vocational training, integrated therapy, outreach services and advice and support to parents and families; and raising public awareness of the issues affecting children, young people and their families and others with speech, language and communication needs.

Objectives – St Catherine’s – Speech and Language for Adults and Young Adults

The objects of the Charity are the relief of sickness, poverty, hardship and distress among young adults and adults who are socially excluded from society as a result of their speech, language and communication needs, in particular by: (a) providing education, vocational training, integrated therapy, outreach services, advice, support and care; (b) raising public awareness of the issues affecting those with speech, language and communication needs.

Public benefit

The board of Trustees understands the requirements as set out in Section 17(5) of the Charities Act 2011 and takes the view that St Catherine's completely satisfies all guidance issued by the Charity Commission with regard to public benefit.

ACHIEVEMENT AND PERFORMANCE Charitable activities Introduction

St Catherine's is a national charity working with children and young people with severe and lifelong speech, language and communication needs and a range of associated issues including autistic spectrum conditions, dyspraxia and dyslexia.

Our aim is to support and enable our children and young people to achieve more than they ever thought possible. To this end, our centre in the heart of Ventnor on the Isle of Wight provides:

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ST CATHERINE'S - SPEECH AND LANGUAGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

Performance review for the period 1st September 2024 to 31st August 2025

Our Strategic Aims for 2022-2027

The aim of the trustees is for St Catherine’s to be the place of choice for the education of young people with speech, language and communication needs.

Underpinning our strategic aim are the four pillars of:

Safeguarding

An absolute foundation for the school where the emphasis has been and continues to be delivering a safe, supportive and secure learning environment for staff, pupils, parents and visitors to the school. A place where all staff are vigilant and confident in dealing with all safeguarding issues.

Therapy and Care

Enabling a culture to thrive where the welfare of the young person is at the centre of all that we do and is ambitious for the progress of every student. A place that is homely, safe, secure and comfortable, where physical, emotional, social and mental health needs are met and life opportunities are enhanced.

Resources

An ongoing commitment to maintain a sustainable financial position through prudent management of the school’s resources and finances and planning for the long-term.

People

Recruiting, developing and retaining talented staff who share our vision.

St Catherine’s School and College

Each of our students has complex special educational needs and each has their own individualised educational and residential programme integrating high quality learning, speech, language and occupational therapy and life-relevant skills. Our students come from across the UK as well as from the Isle of Wight. Demand within our school and college provision remains high and this year our student numbers reached our maximum capacity of 94.

In February 2025, we had a 3-day Ofsted social care inspection for our school and college. We were delighted with the results of the inspection, which saw our social care provision continue to be rated as Outstanding. Highlights from the report include:

“Students flourish in the residential provision of this school. They make exceptional progress in their educational, personal, and social development. Staff have a deep affection for, and a commitment to, the students in their care.”

“Leaders have created an environment in which staff feel valued. This has given the team significant stability and consistency and has enabled staff to provide excellent care for students. One parent said, ‘Being a residential student at the school has been life changing for my child.’”

“An exceptionally strong therapy team helps to support students to thrive. There is an extensive team of mental health first aiders, that helps to provide a sense of being cared and nurtured for both students and staff alike.”

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ST CATHERINE'S - SPEECH AND LANGUAGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

“Feedback from families is exceptionally positive. For example, one parent said, ‘Students develop their social skills and learn how to cope with the necessities of life such as cooking for themselves, doing laundry etc. These skills are imperative for [students name] to live a fully independent life.’ Another said, ‘The staff are all, without fail, professional, caring, compassionate, supportive and considerate.’”

“A skilled and well-trained team ensures that safeguarding is at the heart of everything that goes on at the provision. Staff do exceptional work to embed learning around safeguarding into all aspects of residential life. This supports students to learn how to keep themselves safe and helps them as they move on to more independent settings.”

“The head of residential provides excellent leadership to the residential provision. This is firmly supported by the school’s leadership team and staff, from all disciplines, who comment extremely positively on the support, commitment, enthusiasm, and dedication of leaders. Senior leaders and governors have a clear plan for the residential provision and there is a culture of continual review and striving towards excellence.”

We continue to drive our charity forward to best meet the needs of our students, as well as highlight the challenges that those with speech, language and communication needs face every day. During the year we made significant upgrades to St Anne’s, one of our sixth form residential houses and we also started an ambitious ICT infrastructure development project. To improve our charity’s visibility in September 2024, we undertook a rebranding exercise including developing a new logo, website and prospectus. While in February 2025, we joined forces with other speech, language and communication needs organisations as part of the Speech and Language Alliance, which was developed to ensure that the UK Government, and national and local policymakers are focused on the issue of speech, language and communication, and the potential impact of these on all children and young people when developing or reviewing policy, legislation and services.

Post 19

Our Post 19 provision continues to provide much-needed residential support, speech and language therapy and occupational therapy for students aged 19 to 25 with speech, language and communication needs. In total, during 2024/25, 15 students benefited from the provision; all of these young adults are residential students living in accommodation provided by St Catherine’s and attending further education courses at local college provisions.

The Post 19 Provision is inspected twice-yearly by the National Youth Advocacy Service and continues to receive positive feedback.

“The young people thrive due to the support from staff who are ‘amazing’, ‘the best bit about St Catherine’s’, ‘kind and helpful’, and feel safe and secure, therefore able to develop their abilities. There is a culture of ‘can do’ attitude from staff, and this trust they put in the young people helps the young people to trust themselves and take positive risks, have new experiences and develop their resilience.”

“The quality of care delivered at St Catherine’s Post 19 continues to be exceptional. Staff know the young people well and their care and support is individualised and strength based.”

Community Activities

St Catherine’s supports its local community in a number of ways. It provides grant-funded holiday clubs, which are open to young people with additional needs, as well as giving access to its sports facilities to the local football team.

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ST CATHERINE'S - SPEECH AND LANGUAGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

FINANCIAL REVIEW

Financial Position

Total Income for the year to 31 August 2025 was £6,431,219 (2024: £5,786,219) and total expenditure in the year was £5,767,450 (2024: £5,423,917). Total assets as at 31 August 2025 were £5,668,462 (2024: £6,232,641) and total liabilities were £872,892 (2024: £2,100,840)

The Charity reports an overall surplus for the year, before other recognised gains and losses, of £663,769 (2024: £362,302). A surplus of £749,586 (2024: £241,414) was from unrestricted funds and a deficit of £85,817 (2024 surplus: £120,888) was from restricted funds. Transfers of £8,708 (2024: £83,477) were made during the period as detailed in the notes to the financial statements.

Total funds to carry forward at 31 August 2025 were £6,003,570 (2024: £4,938,801) of which £5,985,039 (2024: £4,825,745) were unrestricted funds and £18,531 (2024: £113,056) were restricted funds. Designated funds within unrestricted funds amounted to £4,921,036 (2024: £4,585,130). Details of designated funds are included in note 19.

In January 2025, due to changes in regulations St Catherine’s became VAT registered and started to charge VAT on its school and college fees. The fees for its Post 19 provision do not need to include VAT.

To support the ongoing financial security of the charity, the governing body have decided to close its repairs fund, which was dedicated to support the maintenance of the school. The surplus accumulated this financial year will go towards the charity’s reserve fund, with the aim of securing one term’s running costs in reserves.

Pension surplus

The charity is part of the IOW Council Pension Fund and the audited accounts have been updated to show a pension scheme surplus of £1,208,000 (2024: £807,000) following an actuarial gain on defined benefit schemes of £401,000 (2024: £208,000) in the 12 months to 31 August 2025. The value of the fund has been recognised as a designated fund to ensure that it is clear that these are not funds that are available to the group and parent to expend.

Fundraising

The charity organises a number of its own fundraising events or supports third-party event organisers, but both have been limited by the pandemic. No professional fundraising organisations, agency or commercial participator has been or will be employed, as a matter of current policy.

The Charity is registered with the Fundraising Regulator and conforms to its Code of Standards. It also complies with guidelines published by the Charity Commission and the Institute of Fundraising. The Charity monitors fundraising on its behalf by attendance at events, or where public collections are being made, by identify checks on collectors, issuing clear guidelines on practices and instructions for remitting funds, and issuing letters and badges of identification with contact details for the charity. No complaints regarding fundraising were received during the year.

Reserves policy

In its financial planning and execution, St Catherine's trustees aim to prepare and deliver an annual budget with a surplus of at least 10% of total income to contribute towards the aim of building reserves equating to one term's operating costs.

The charity's audited accounts for the year ending 31 August 2025 show:

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ST CATHERINE'S - SPEECH AND LANGUAGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

As part of the charity's overall risk management strategy, trustees will continue to monitor closely the general reserves' fund with a view to achieving a position equivalent to one term's operating costs, including reviewing assets currently held with a view to converting surplus assets into cash resources.

SUBSIDIARY UNTERTAKINGS

The charity has a subsidiary, being, St Catherine’s – Speech and Language for young adults and adults Ltd, which is linked by a uniting direction under s96 of the Charities Act 2006 and the results of the linked charity have been aggregated with the reporting charity following best practice as laid down in the Statement of Recommended Practice “Accounts and Reporting by Charities (SORP 2019) issued in October 2019.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are recruited openly and through recommendation from appointing bodies and through parent/family representation. In addition to this the board has two staff elected governors. The appointing bodies are as follows:

Elected trustees are, after nomination, elected by majority vote. Staff governors are nominated, seconded and (if needed) voted for by the staff body. Parent governors/trustees are parents of children either at, or recently at, St Catherine's.

The day to day management of the charity is the responsibility of the principal.

The Pay Committee has responsibility for setting the remuneration of Key management personnel in line with industry standards.

Induction and training of new trustees

All new trustees and governors receive induction training and training during the year on the work of the Charity and on specific issues. Some of this training is combined with staff training.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk Management

The trustees have a risk management strategy which comprises:

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ST CATHERINE'S - SPEECH AND LANGUAGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

St Catherine’s – Speech and Language - 01757474 (England and Wales) St Catherine’s – Speech and Language for Adults and Young Adults – 12675770

Registered Charity number

St Catherine’s – Speech and Language -288148

St Catherine’s – Speech and Language for Adults and Young Adults – 288148-2

Registered office

Grove Road Ventnor Isle of Wight PO38 1TT

Trustees

Danny Carmichael Roger Rickman Appointed October 2024 Henry Blacksell Susan Churches Resigned October 2024 Pete Elliott Anthony Flower Martyn Heather Hayley Jarvis Resigned July 2025 Michael Loftus Sarah Loftus John Metcalfe Graham Pengelly Mark Rhodes

Staff Appointed Governors

Katy Kidd

Parent Governor

Karl Hunter

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ST CATHERINE'S - SPEECH AND LANGUAGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

Senior Management Team

Principal Sarah Thompson Vice Principal Jenn Walker Head of Care Katherine Cotton Head of School Nes Fradgley Head of Sixth Form Jo Elliott Head of Occupational Tom Evans Therapy Head of Speech and Language Therapy Hannah Miles Interim Finance Andrew Marek Controller Marketing and Susan Graves Fundraising Manager Company Secretary Zoe Janvrin resigned 19 June 2025 Andrew Marek appointed 19 June 2025

Auditors

Bright Brown Limited Chartered Accountants Statutory Auditor Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ

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ST CATHERINE'S - SPEECH AND LANGUAGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of St Catherine's - Speech and Language for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Bright Brown Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 19 March 2026 and signed on its behalf by:

.......................................................................... Graham Pengelly - Trustee

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST CATHERINE'S - SPEECH AND LANGUAGE

Opinion

We have audited the financial statements of St Catherine's - Speech And Language (the 'parent charitable company') and its subsidiary (the 'charitable group') for the year ended 31 August 2025 which comprise the consolidated and parent Statement of Financial Activities, the consolidated and parent Balance Sheet, the consolidated and parent Cash Flow Statements and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the group and parent financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or parent's charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST CATHERINE'S - SPEECH AND LANGUAGE

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the group charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group and parent charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the group and parent charitable company, the principal risks are that of management override of controls, potential fraud in revenue recognition, recovery of trade debtors, and valuation of defined benefit pension scheme. The engagement team considered these risks and audit procedures were undertaken as

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST CATHERINE'S - SPEECH AND LANGUAGE

There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error as fraud may involve deliberate concealment or intentional misrepresentations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the parent charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the group and parent charitable company and the parent charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

David Stevens ACA (Senior Statutory Auditor) for and on behalf of Bright Brown Limited Chartered Accountants Statutory Auditor Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ Date: .............................................

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ST CATHERINE'S - SPEECH AND LANGUAGE

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Notes
INCOME FROM
Donations and legacies
2
Charitable activities
Educational services
5
Other trading activities
3
Investment income
4
EXPENDITURE ON
Raising funds
6
Charitable activities
Educational services
7
NET INCOME/(EXPENDITURE)
Transfers between funds
Other recognised gains/(losses)
Actuarial gains on defined benefit
20
schemes
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds brought forward
19
TOTAL FUNDS CARRIED FORWARD
CONTINUING OPERATIONS
Total
Total		 Unrestricted
funds
£
101,354
5,918,467
122,394
11,384
6,153,599
89,168
5,314,845
5,404,013
749,586
8,708
401,000
1,159,294
4,825,745
5,985,039		 Restricted
funds
£
277,620
-
-
-
277,620
-
363,437
363,437
(85,817)
(8,708)
-
(94,525)
113,056
18,531		 2025
Total
funds
£
378,974
5,918,467
122,394
11,384
6,431,219
89,168
5,678,282
5,767,450
663,769
-
401,000
1,064,769
4,938,801
6,003,570		 2024
Total
funds
£
396,525
5,336,845
46,630
6,219
5,786,219
113,837
5,310,080
5,423,917
362,302
-
208,000
570,302
4,368,499
4,938,801

All income and expenditure has arisen from continuing activities.

These notes form part of these financial statements

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ST CATHERINE'S - SPEECH AND LANGUAGE

CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2025

Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Debtors
16
Cash at bank
CREDITORS
Amounts falling due
17
within one
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after
18
more than one year
PENSION ASSET
20
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
4,042,151
367,347
1,240,432
1,607,780
(571,564)
1,036,216
5,078,367
(301,328)
1,208,000
5,985,039		 Restricted
funds
£
-
-
18,531
18,531
-
18,531
18,531
-
-
18,531		 2025
Total
funds
£
4,042,151
367,347
1,258,963
1,626,311
(571,564)
1,054,747
5,096,898
(301,328)
1,208,000
6,003,570
5,985,039
18,531
6,003,570		 2024
Total
funds
£
3,973,699
1,483,380
775,561
2,258,942
(1,771,708)
487,234
4,460,933
(329,132)
807,000
4,938,801
4,825,745
113,056
4,938,801

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on xxxxxxxx and were signed on its behalf by:

.............................................

Graham Pengelly - Trustee

These notes form part of these financial statements

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ST CATHERINE'S - SPEECH AND LANGUAGE

PARENT STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
Educational services
5
Other trading activities
3
Investment income
4
EXPENDITURE ON
Raising funds
6
Charitable activities
Educational services
7
NET INCOME/(EXPENDITURE)
Transfers between funds
Other recognised gains/(losses)
Actuarial gains on defined benefit
20
schemes
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds brought forward
19
TOTAL FUNDS CARRIED FORWARD
Other income
Total
Total		 Unrestricted
funds
£
88,554
4,430,878
204,951
11,384
120,528
4,856,295
88,894
4,249,133
4,338,027
518,268
8,708
401,000
927,976
4,284,114
5,212,090		 Restricted
funds
£
277,620
-
-
-
-
277,620
-
363,437
363,437
(85,817)
(8,708)
-
(94,525)
113,056
18,531		 2025
Total
funds
£
366,174
4,430,878
204,951
11,384
120,528
5,133,915
88,894
4,612,570
4,701,464
432,451
-
401,000
833,451
4,397,170
5,230,621		 2024
Total
funds
£
366,194
4,182,767
148,630
6,219
51,000
4,754,810
113,837
4,412,298
4,526,135
228,675
-
208,000
436,675
3,960,495
4,397,170

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

These notes form part of these financial statements

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ST CATHERINE'S - SPEECH AND LANGUAGE

PARENT BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2025

Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Debtors
16
Cash at bank
CREDITORS
Amounts falling due
17
within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after
18
more than one year
PENSION ASSET
20
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
3,933,228
363,800
757,066
1,120,866
(748,675)
372,191
4,305,418
(301,328)
1,208,000
5,212,090		 Restricted
funds
£
-
-
18,531
18,531
-
18,531
18,531
-
-
18,531		 2025
Total
funds
£
3,933,228
363,800
775,597
1,139,397
(748,675)
390,722
4,323,949
(301,328)
1,208,000
5,230,621
5,212,090
18,531
5,230,621		 2024
Total
funds
£
3,917,962
973,400
537,713
1,511,113
(1,509,773)
1,340
3,919,302
(329,132)
807,000
4,397,170
4,284,114
113,056
4,397,170

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on xxxxxxxx and were signed on its behalf by:

............................................. Graham Pengelly - Trustee

These notes form part of these financial statements

Page 15

ST CATHERINE'S - SPEECH AND LANGUAGE

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash provided by financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2025
£
731,790
(13,521)
718,269
-
(207,579)
(207,579)
-
(27,288)
(27,288)
483,402
775,561
1,258,963		 2024
£
1,561,564
(14,201)
1,547,363
10,284
(913,784)
(903,500)
-
(26,462)
(26,462)
617,401
158,160
775,561

These notes form part of these financial statements

Page 16

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Adjustments for:
Depreciation charges
Profit on sale of assets
Interest paid
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)
At 1.9.24
£
Net cash
Cash at bank
775,561
775,561
Debt
Finance leases
(16,582)
Debts falling due within 1 year
(21,903)
Debts falling due within 1 -2 years
(22,808)
Debts falling due within 2 -5 years
(74,239)
Debts falling due over one year
(220,881)
(356,413)
Total
419,148
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)		 2025
£
663,769
137,522
-
13,521
1,116,032
(1,199,054)
731,790
Cash flow
£
483,402
483,402
5,377
(515)
(927)
(3,018)
26,371
27,288
510,690		 2024
£
362,302
124,921
(10,284)
14,201
1,109,356
(38,932)
1,561,564
At 31.8.25
£
1,258,963
1,258,963
(11,205)
(22,418)
(23,735)
(77,257)
(194,510)
(329,125)
929,838

These notes form part of these financial statements

Page 17

ST CATHERINE'S - SPEECH AND LANGUAGE

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash provided by financing activities
Cash and cash equivalents at the end of the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Change in cash and cash equivalents in the
reporting period		 2025
£
419,013
(13,521)
405,492
-
(140,320)
(140,320)
-
(27,288)
(27,288)
237,884
537,713
775,597		 2024
£
1,328,714
(14,201)
1,314,513
10,284
(908,207)
(897,923)
-
(26,462)
(26,462)
390,128
147,585
537,713

These notes form part of these financial statements

Page 18

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE PARENT CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Adjustments for:
Depreciation charges
Profit on sale of assets
Interest paid
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)
At 1.9.24
£
Net cash
Cash at bank
537,713
537,713
Debt
Finance leases
(16,582)
Debts falling due within 1 year
(21,903)
Debts falling due within 1 -2 years
(22,808)
Debts falling due within 2 -5 years
(74,239)
Debts falling due over one year
(220,881)
(356,413)
Total
181,300
Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities)		 2025
£
432,451
125,055
-
13,521
609,083
(761,097)
419,013
Cash flow
£
237,884
237,884
5,377
(515)
(927)
(3,018)
26,371
27,288
265,172		 2024
£
228,675
120,598
(10,284)
14,201
832,233
143,290
1,328,714
At 31.8.25
£
775,597
775,598
(11,205)
(22,418)
(23,735)
(77,257)
(194,510)
(329,125)
446,473

These notes form part of these financial statements

Page 19

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES

General Information

The St Catherine's - Speech and Language is a private company limited by guarantee and incorporated in England and Wales, registered no 01757474, registered office Grove Road, Ventnor, Isle of Wight PO38 1TT. The financial statements are presented in Sterling, which is the functional currency of the charitable group. There are no material uncertainties about the charity's ability to continue.

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006 and Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Voluntary Income

Donations are recognised in the Statement of Financial Activities once the charitable company has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably, this is generally upon receipt of the donation.

Grants and pupil premium income is recognised when unconditional element to the income is passed to the charitable company. Where there are performance related terms and conditions that must be met before unconditional entitlement passes to the charitable company, the income is recognised once it is highly probable that these will be met. Where no such conditions are in place the income is recognised when it is received.

Activities for generating funds

This consists of shop income and accommodation income. The shop income is recognised in the Statement of Financial Activities, net of VAT when the goods are delivered. Accommodation income is recognised based on the date of the stay.

Investment Income

Rental income is recognised in the period to which the rental income relates. Interest is recognised on receipt.

Incoming Resources from Charitable Activities

Income from charitable activities is recognised, net of VAT and all other sales taxes when the services are provided. This consists of school fees income payable by the guardian of the children or the local authority.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Page 20

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES - continued

Allocation and apportionment of costs

Support costs are costs related to providing direct support to the charitable company but also includes IT costs, insurance, telephone and other office costs. Governance costs are audit fees and trustee meeting and travel expenditure. Any such costs incurred during the year that are not directly attributable to the charitable activities of the organisation are allocated on the proportion of total direct costs required to support each activity.

Tangible fixed assets

Fixed assets are recongised at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided Long leasehold - Over the period of the lease Improvements to propert - Straight line over 3 - 50 years Plant and machinery - Straight line over 3 - 50 years

It is the charity's policy not to depreciate freehold property as the trustees believe they are held in good repair and annual improvements are carried out. The trustees consider this policy best reflects the value of freehold property.

Investments

Investments in subsidiary companies are recognised at cost where applicable.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The Charity operates three staff pension schemes providing benefits based on final pensionable pay as follows:

This is a statutory, contributory final salary scheme. It is an unfunded scheme which is provided for by the Superannuation Act 1972 under which retirement and other superannuation benefits are paid out of monies provided by Parliament.

(ii) Isle of Wight Council Pension Fund

This is a Local Government Pension Scheme run by the Isle of Wight Council as administering authority. The Fund is maintained by the Isle of Wight Council under regulations made under the Superannuations Act 1972. As the scheme is set up by statute, payment of the scheme benefits is guaranteed by law. Contributions for both schemes are charged to the Statement of Financial Activities so as to spread the costs of pensions over employees' working lives with the organisation. Any actuarial gains or losses relating to the scheme is recognised in the Statement of Financial Activities in accordance with FRS102.

Page 21

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

(iii) Scottish Equitable group Personal Pension Scheme

The Charity has set up a separate Group Personal Pension Scheme. This is a defined contribution scheme in which the contributions are being charged to the Statement of Financial Activities so as to spread the cost of pensions over the employees' working lives with the organisation.

Financial instruments

The charity only has financial assets and financial liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Judgements in applying accounting policies

In preparing these financial statements the trustees have made the following judgements:

• Determining whether income is restricted or unrestricted. These decisions depend upon the whether th donor has given the income subject to certain terms or conditions which impose a restriction in trust law.

• Determining the allocation of support costs to activities. These decisions depend upon the whether the cost can be directly attributed to an activity or shared between specific activities. The balance of costs is apportioned between the activities.

Key sources of estimation uncertainty

Tangible fixed assets are depreciated over their useful economic lives taking into account residual values, where appropriate. The actual lives of the assets and residual values may vary depending on a number of factors. Factors affecting the lives of assets include technological innovation and maintenance programmes.

Basis of consolidation

The accounts of the group consolidate the results of the company and its subsidiary undertakings, St Catherine's - Speech and Language for Young Adults and Adults Ltd which are made up to 31 August. The accounts are consolidated on a line by line basis.

2.
DONATIONS AND LEGACIES
Donations
Gift aid
Fundraising activities
Grants
Grants received, included in the above, are :
Education Funding Agency
Other minor grants		 Group
Parent
2025
2025
£
30,514
17,714
-
-
28,743
28,743
319,717
319,717
378,974
366,174
Group
Parent
2025
2025
£
£
313,825
313,825
5,892
5,892
319,717
319,717		 Group
Parent
2024
2024
£
£
39,477
9,146
2,419
2,419
31,352
31,352
323,277
323,277
396,525
366,194
Group
Parent
2024
2024
£
£
321,277
321,277
2,000
2,000
323,277
323,277

Page 22

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

----- Start of picture text -----
3 OTHER TRADING ACTIVITIES Group Parent Group Parent
2025 2025 2024 2024
£ £ £ £
Shop income 29,822 29,822 29,842 29,842
Accommodation, rent and other income 92,572 175,129 16,788 118,788
122,394 204,951 46,630 148,630
4 INVESTMENT INCOME Group Parent Group Parent
2025 2025 2024 2024
£ £ £ £
Investment income 11,384 11,384 6,219 6,219
5 INCOME FROM CHARITABLE ACTIVITIES Group Parent Group Parent
2025 2025 2024 2024
Activity £ £ £ £
School fees - Private and
Educational services 3,884,045 3,462,734 3,321,401 3,233,601
local authority funded
School fees - EFA funded Educational services 968,144 968,144 949,166 949,166
Post 19 income Educational services 1,066,278 - 1,066,278 -
5,918,467 4,430,878 5,336,845 4,182,767
6 RAISING FUNDS
Raising donations and legacies Group Parent Group Parent
2025 2025 2024 2024
£ £ £ £
Staff costs 71,921 71,921 90,878 90,878
Books, materials and small equipment 10,910 10,636 17,303 17,303
82,831 82,557 108,181 108,181
Other trading activities
Shop expenses 6,337 6,337 5,656 5,656
Aggregate amounts 89,168 88,894 113,837 113,837
----- End of picture text -----

Page 23

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

----- Start of picture text -----
7 CHARITABLE ACTIVITIES COSTS Group Parent
Group Parent Support Support
Direct Direct costs (see costs (see Group Parent
Costs Costs note 8) note 8) Totals Totals
£ £ £ £ £ £
Educational services 4,825,117 3,905,987 853,165 706,583 5,678,282 4,612,570
Analysis of direct costs: Group Parent Group Parent
2025 2025 2024 2024
Staff costs 4,441,816 3,814,330 4,098,499 3,066,506
Books and materials 82,322 62,306 113,960 95,104
Medical, fares and travel 35,979 29,870 33,987 23,493
- -
Grant repayment 17,977 17,977
- -
Post 19 College and Exam Fees 265,000 210,000
4,825,117 3,906,506 4,474,423 3,203,080
8 SUPPORT COSTS Group Parent
Group Parent Governance Governance Group Parent
Other Other costs costs Totals Totals
£ £ £ £ £ £
Educational services 710,743 580,641 142,421 125,942 853,165 706,583
Analysis of direct costs: Group Parent Group Parent
2025 2025 2024 2024
Rent 19,364 - 4,500 -
Rates and water 15,517 9,941 17,414 16,657
Insurance 88,400 74,581 80,527 67,581
Light and heat 114,483 96,469 153,790 138,224
Telephone 15,189 13,829 19,902 16,634
Sundries 7,504 7,504 2,176 2,176
Food supplies 84,073 52,294 80,716 57,812
Marketing 18,703 15,703 27,214 25,081
Repairs and maintenance 86,973 76,625 156,228 147,773
Licenses 9,291 6,558 18,428 15,502
Refuse 5,833 3,157 7,036 3,933
Minibus costs 36,233 31,392 36,948 35,958
ICT costs 20,489 19,282 11,581 10,555
Bank charges 4,031 3,782 2,698 2,580
Photocopier rent 11,945 11,945 13,025 13,025
Bad debts - - 6,211 6,211
Training 21,674 20,610 15,318 14,428
Depreciation 137,521 123,448 114,637 110,313
Bank loan interest 13,521 13,521 14,201 14,201
Auditors' remuneration 17,060 10,100 15,750 9,630
Auditors' remuneration for non audit 5,850 3,450 5,610 3,330
Legal fees 25,974 25,974 14,168 9,334
Professional fees 93,537 86,418 35,556 35,556
853,165 706,583 853,634 756,494
----- End of picture text -----

Page 24

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

9 NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Auditors' remuneration|9,600|9,000| |Auditors' remuneration - subsidiary|5,700|5,500| |Auditors' remuneration for non audit work|4,500|4,600| |Depreciation - owned assets|137,521|124,921| |Profit on sale of assets|-|(10,284)|

----- End of picture text -----

10 TRUSTEES' REMUNERATION AND BENEFITS

No trustees received any remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

During the year total expenses paid on behalf of trustees amounted to £nil (2024 : Nil).

11 STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Wages and salaries|3,688,730|3,445,722| |Social security costs|372,410|309,606| |Other pension costs|380,676|343,171| |4,441,816|4,098,499|

----- End of picture text -----

12 STAFF ANALYSIS

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Full time|70|70| |Part time|67|67| |137|137|

----- End of picture text -----

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£70,001 - £80,000|1|-| |£90,001 - £100,000|1|1| |1|1|

----- End of picture text -----

The principal, Post 19 Registered Manager and deputy manager are considered key management personnel. The total employee benefits for these posts were £356,365 (2024 : £275,733).

Page 25

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

13 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (GROUP)

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Educational services
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Educational services
Total
NET INCOME
Transfers between funds
Other recognised gains/(losses)
Actuarial gains on defined benefit
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
60,671
5,336,845
46,630
6,219
5,450,365
112,641
5,096,310
5,208,951
241,414
83,477
208,000
532,891
4,292,854
4,825,745		 Restricted
funds
£
335,854
-
-
-
335,854
1,196
213,770
214,966
120,888
(83,477)
-
37,411
75,645
113,056		 Total
funds
£
396,525
5,336,845
46,630
6,219
5,786,219
113,837
5,310,080
5,423,917
362,302
-
208,000
570,302
4,368,499
4,938,801

The note shows the Statement of Financial Activities, split by fund, for the year ended 31 August 2024.

Page 26

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

13 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - CONTINUED (PARENT)

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Educational services
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Educational services
Total
NET INCOME
Transfer between funds
Other recognised gains/(losses)
Actuarial gains on defined benefit
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
30,340
4,182,767
148,630
6,219
51,000
4,418,956
112,641
4,198,528
4,311,169
107,787
83,477
208,000
399,264
3,884,850
4,284,114		 Restricted
funds
£
335,854
-
-
-
-
335,854
1,196
213,770
214,966
120,888
(83,477)
-
37,411
75,645
113,056		 Total
funds
£
366,194
4,182,767
148,630
6,219
51,000
4,754,810
113,837
4,412,298
4,526,135
228,675
208,000
436,675
3,960,495
4,397,170

The note shows the Statement of Financial Activities, split by fund, for the year ended 31 August 2024.

Page 27

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

14 TANGIBLE FIXED ASSETS

COST
At 1 September 2024
Additions
At 31 August 2025
DEPRECIATION
At 1 September 2024
Charge for year
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024		 Freehold
property
Group
£
915,350
-
915,350
-
-
-
915,350
915,350		 Improvements
Long
to
leasehold
property
Group
Group
£
£
367,268
3,230,088
-
162,650
367,268
3,392,738
27,705
676,616
2,806
76,923
30,511
753,539
336,757
2,639,199
339,563
2,553,472		 Plant and
machinery
Group
£
1,474,244
44,929
1,519,173
1,308,930
59,398
1,368,328
150,845
165,314		 Totals
Group
£
5,986,950
207,579
6,194,529
2,013,251
139,127
2,152,378
4,042,151
3,973,699		 Totals
Parent
£
5,923,422
140,320
6,063,743
2,005,460
125,055
2,130,515
3,933,228
3,917,962

15 SUBSIDUARY UNDERTAKING

The parent company's investments at the balance sheet date are:

St Catherine's Speech and Language for Young Adults and Adults Limited

Company registration number: 12675770

Charity registration number: 288148 (Linked with St Catherine's - Speech and Language)

Registered office: Grove Road, Ventnor, Isle of Wight, PO38 1TT

Nature of charity: Provision of education services

Limited by guarantee: Sole Corporate Member

Aggregate funds
Surplus for the year
Income
Donations
Charitable activities: Education services
Total income
Expenditure
Charitable activities: Education services
Net income		 2025
£
772,952
231,321
2025
£
12,799
1,494,504
1,507,303
1,275,982
231,321		 2024
£
541,631
133,627
2024
£
30,332
1,154,078
1,184,410
1,050,783
133,627

Page 28

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

16 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
VAT
Other debtors
Accrued income
Prepayments		 Group
Parent
2025
2025
£
£
17
17
195,260
195,260
-
-
-
-
172,070
168,523
367,347
363,800		 Group
Parent
2024
2024
£
£
1,429,316
922,625
-
-
5,202
5,202
2,471
2,471
46,391
43,102
1,483,380
973,400

17 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 18)
Hire purchase (see note 25)
Trade creditors
Social security and other taxes
Other creditors
Amounts owed by participating interests
Accruals and deferred income
CREDITORS: AMOUNTS FALLING DUE OVER ONE YEAR
Bank loans
Hire purchase (see note 25)
An analysis of the maturity of loans is given below:
Bank loans		 Group
Parent
2025
2025
£
£
22,418
22,418
5,378
5,378
254,987
246,198
80,415
66,697
59,756
59,756
-
211,249
148,610
136,979
571,564
748,675
Group
Parent
2025
2025
295,502
295,502
5,826
5,826
301,328
301,328
Group
Parent
2025
2025
£
317,920
317,920		 Group
Parent
2024
2024
£
£
21,903
21,903
5,378
5,378
160,708
156,284
67,660
57,577
74,252
74,252
-
253,808
1,441,807
940,571
1,771,708
1,509,773
Group
Parent
2024
2024
317,928
317,928
11,204
11,204
329,132
329,132
Group
Parent
2024
2024
£
339,831
339,831

18 CREDITORS: AMOUNTS FALLING DUE OVER ONE YEAR

The bank loan is secured on freehold property and is repayable by installments over 180 months at an fixed interest rate of 4.08% for the first 84 months.

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

18 CREDITORS: AMOUNTS FALLING DUE OVER ONE YEAR

An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank Loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Bank loans more 5 yr by installments		 2025
2024
£
£
22,418
21,903
23,735
22,808
77,257
74,239
194,510
220,881

19 MOVEMENT IN FUNDS

Unrestricted funds
General fund
Pension Scheme Surplus
Repairs fund
Restricted funds
Restricted Fund
TOTAL FUNDS (GROUP)
TOTAL FUNDS (PARENT)
Fixed Asset Fund Including
Revaluation Reserve		 Net
Transfers
movement
between
At
At 1.9.24
in funds
funds
31.8.25
£
£
£
£
240,615
873,034
(49,646)
1,064,003
3,578,130
(123,448)
258,354
3,713,036
807,000
401,000
-
1,208,000
200,000
-
(200,000)
-
4,825,745
1,150,586
8,708
5,985,039
113,056
(85,817)
(8,708)
18,531
4,938,801
1,064,769
-
6,003,570
4,397,170
833,451
-
5,230,621

During the period, the trustees reviewed the designated funds and decided that the £200,000 repairs fund was no longer required as the works relating to this have been completed. The other major transfer was to recognise the investment in fixed assets by transferring funds to align with the asset value held less financing owed on these assets.

There was a transfer of £8,708 from restricted funds to recognise assets purchased with these funds that are for the unrestricted use of the group.

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ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

19 MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Pension Scheme Deficit
Repairs fund
Restricted funds
Restricted Fund
TOTAL FUNDS (GROUP)
TOTAL FUNDS (PARENT)
Pension scheme deficit
Fixed Asset Fund Including
Revaluation Reserve
Fixed Asset Fund Including
Revaluation Reserve		 Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
6,153,599
(5,280,565)
-
873,034
-
(123,448)
-
(123,448)
-
-
401,000
401,000
6,153,599
(5,404,013)
401,000
1,150,586
277,620
(363,437)
-
(85,817)
6,431,219
(5,767,450)
401,000
1,064,769
Net
Transfers
movement
between
At
At 1.9.23
in funds
funds
31.8.24
£
£
£
£
746,377
362,011
(867,773)
240,615
2,747,477
(120,597)
951,250
3,578,130
599,000
208,000
-
807,000
200,000
-
-
200,000
4,292,854
449,414
83,477
4,825,745
75,645
120,888
(83,477)
113,056
4,368,499
570,302 -
4,938,801
3,960,495
436,675 -
4,397,170

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ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

19 MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Restricted funds
Restricted Fund
TOTAL FUNDS
Pension Scheme Deficit
General fund
Fixed Asset Fund Including
Revaluation Reserve		 Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
5,450,365
(5,088,354)
-
362,011
-
(120,597)
-
(120,597)
-
-
208,000
208,000
5,450,365
(5,208,951)
208,000
449,414
335,854
(214,966)
-
120,888
5,786,219
(5,423,917)
208,000
570,302

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Pension Scheme Deficit
Repairs fund
Restricted funds
Restricted Fund
TOTAL FUNDS (GROUP)
TOTAL FUNDS (PARENT)
Fixed Asset Fund Including
Revaluation Reserve		 Net
Transfers
At
movement
between
At
1.9.23
in funds
funds
31.8.25
£
£
£
£
746,377
1,235,045
(917,419)
1,064,003
2,747,477
(244,045)
1,209,604
3,713,036
599,000
609,000
-
1,208,000
200,000
-
(200,000)
-
4,292,854
1,600,000
92,185
5,985,039
75,645
35,071
(92,185)
18,531
4,368,499
1,635,071
-
6,003,570
3,960,495
1,270,126
-
5,230,621

Page 32

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

19 MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS
Fixed Asset Fund Including
Revaluation Reserve
Pension Scheme Deficit		 Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
11,603,964
(10,368,919)
-
1,235,045
-
(244,045)
-
(244,045)
-
-
609,000
609,000
11,603,964
(10,612,964)
609,000
1,600,000
613,474
(578,403)
-
35,071
12,217,438
(11,191,367)
609,000
1,635,071

Details of the funds are as follows:

Designated Funds

Fixed Asset fund including revaluation reserve

The trustees have decided to show reserves relating to fixed assets separately to free reserves.

Pension

The pension scheme deficit fund represents the projected value of the pension scheme assets less liabilities.

Repairs

The trustees have allocated £200,000 from cash funds held to hold for major repairs and improvements that have been identified. This has been released in the current period.

Restricted

Education

This fund represents moneys paid to the school by the EFA to be spent on the development and continuation of services for vulnerable 16-19 year olds.

Department for Education pupil premium

This fund represents moneys paid to the school by DFE via local authorities to be spent on improving the academic performance of disadvantaged students.

Education

This fund represents moneys paid to the school by the EFA to be spent on improvements, maintenance and capital repairs of buildings and other facilities.

There are several minor restricted funds which at the year end totalling £14,744 which are due to be spent in the next accounting period.

Page 33

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

20 EMPLOYEE BENEFIT OBLIGATIONS

Defined benefit scheme

The Charity contributes to the Isle of Wight Council Pension fund. This is a separately funded scheme under which the Isle of Wight Council has set up a separate pension fund. The school is permitted to participate in the scheme under the terms of an 'administration agreement' for non teaching employees.

This is a defined benefit scheme in the UK. A full actuarial valuation was carried out as at 31 August 2024 by a qualified independent actuary. The Isle of Wight Council establishes the rates of contribution for both employees and employers participating in the scheme. The employer is also required to pay an additional £60,000 per year in monthly instalments.

Details of the scheme are as follows:

The amounts recognised in the Balance Sheet are as follows:

Present value of funded obligations
Fair value of plan assets
Present value of unfunded obligations
Surplus
Net asset		 2025
2024
£
£
(1,898,000)
(2,143,000)
3,106,000
2,950,000
1,208,000
807,000
-
-
1,208,000
807,000
1,208,000
807,000
Defined benefit
pension plans

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ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

20 EMPLOYEE BENEFIT OBLIGATIONS - continued

The amounts recognised in the Statement of Financial Activities are as follows:

Current service cost
Net interest from net defined benefit asset/liability
Past service cost		 2025
2024
£
£
28,000
35,000
27,000
(84,000)
-
-
55,000
(49,000)
Actual return on plan assets 77,000
191,000
Changes in the present value of the defined benefit obligation are as follows:
Opening defined benefit obligation
Current service cost
Interest cost
Employee contributions
Benefits paid
Actuarial (gains)/losses from changes
in financial assumptions		 2025
2024
£
£
2,143,000
2,073,000
28,000
35,000
104,000
107,000
13,000
15,000
(130,000)
(127,000)
(260,000)
40,000
Defined benefit
pension plans
1,898,000
2,143,000
Changes in the fair value of scheme assets are as follows:
Opening fair value of scheme assets
Contributions by employer
Interest received
Expected return
Employee contributions
Benefits paid		 2025
2024
£
£
2,950,000
2,672,000
52,000
60,000
144,000
139,000
77,000
191,000
13,000
15,000
(130,000)
(127,000)
Defined benefit
pension plans
3,106,000
2,950,000

Page 35

ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

20 EMPLOYEE BENEFIT OBLIGATIONS - continued

The amounts recognised in other recognised gains and losses are as follows:

Actuarial (gains)/losses from changes in
financial assumptions		 2025
£
260,000
260,000		 2024
£
(40,000)
(40,000)

The major categories of scheme assets as a percentage of total scheme assets are as follows:

2025
2024
Equities
62%
62%
Bonds
20%
22%
Property
4%
4%
Cash
14%
12%
100%
100%
Defined benefit
pension plans
Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages):
2025
2024
Discount rate
5.95%
4.95%
Future salary increases
3.70%
3.65%
Future pension increases
2.70%
2.65%

Defined contribution scheme

The Charity contributes to two other separate staff pension schemes for eligible employees who also make a contribution. Details of these schemes are set out below:

Teachers' Pension Scheme

This is a contributory scheme run by Teachers' Pensions. The benefits of the scheme are governed by the Teachers' Pension Regulations 1997. The scheme automatically covers full time teachers who have not opted out of the scheme to make their own pension arrangements. Members of the scheme pay at varying rates ranging from 7.4% to 11.7% of their salary; the school pays a contribution of 16.48% of the member's salary.

Teachers' contributions are on a 'pay as you go' basis and the school's contributions are credited to the Exchequer under arrangements covered by the Superannuation Act 1972. The Teachers' Pension Regulations require an annual account, the Teachers' Pension Account, to be kept of receipts and expenditure. Any excess of income over expenditure is deemed to be invested in government securities and notional interest is added to the account; the resultant balance is known as the 'notional fund'.

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ST CATHERINE'S - SPEECH AND LANGUAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

20 EMPLOYEE BENEFIT OBLIGATIONS - continued

Scottish Equitable Group Personal Pension Scheme

The Charity also operates a defined contribution group personal pension scheme, the assets of which are held separately from those of the Charity in an independently administered fund. The charge for the year represents the cost of employer's contributions to the scheme for the year for those employees opting to join the scheme. Contributions are made by both employee and employer based mainly on a percentage of the employee's salary. The employer's contribution is between 1% and 4%.

21 RELATED PARTY DISCLOSURES

During the year, the Charity received income of £nil (2024 : £nil) from the Trustees under normal operating conditions.

During the year the parent charity has charged rent and management charges to the subsidiary for the value of £137,133 (2024: £102,000) and £72,867 (2024: £51,000) respectively. At the year end the subsidiary was owed by the parent £211,249 (2024: £253,808) which is lent on an interest free basis.

22 SUBSIDIARY UNDERTAKINGS

The charity has a subsidiary, being, St Catherine's - Speech and Language for Young Adults and Adults Ltd, which is linked by a uniting direction under s96 of the Charities Act 2006 and the results of the linked charity have been aggregated with the reporting charity following best practice as laid down in the Statement of Recommended Practice "Accounting And Reporting By Charities" (SORP 2019) issued in October 2019.

23 ULTIMATE CONTROLLING PARTY

The charity was under the control of the trustees throughout the year.

24 LEASING AGREEMENTS (GROUP AND PARENT)

Minimum lease payments under hire purchase fall due as follows:

Net obligations repayable
Within one year
Between one and five years		 2025
£
5,378
5,826
11,204		 2024
£
5,378
11,204
16,582

Page 37

ST CATHERINE'S - SPEECH AND LANGUAGE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Fundraising activities
Grants
Other trading activities
Shop income
Accommodation, rent and other income
Investment income
Investment income
Charitable activities
School fees - Private and local authority funded
School fees - EFA funded
Post 19 income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Books, materials and small equipment
Other trading activities
Shop expenses		 2025
£
30,514
-
28,743
319,717
378,974
29,822
92,572
122,394
11,384
3,462,734
968,144
1,487,589
5,918,467
6,431,219
71,921
10,910
82,831
6,337
89,168		 2024
£
39,477
2,419
31,352
323,277
396,525
29,842
16,788
46,630
6,219
3,233,601
949,166
1,154,078
5,336,845
5,786,219
90,878
17,303
108,181
5,656
113,837

This page does not form part of the statutory financial statements

Page 38

ST CATHERINE'S - SPEECH AND LANGUAGE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

Other trading activities
Charitable activities
Wages
Social security
Pensions
Books materials and small equipment
Medical, fares and travel
Post 19 College and Exam Fees
Support costs
Other
Rent
Rates and water
Insurance
Light and heat
Telephone
Sundries
Food supplies
Marketing
Repairs and maintenance
Licenses
Refuse
Minibus costs
ICT costs
Bank charges
Photocopier rent
Bad debts
Training
Depreciation
Profit on sale of assets
Bank loan interest
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Legal fees
Carried forward		 2025
£
3,688,730
372,410
380,676
82,322
35,979
265,000
4,825,117
19,364
15,517
88,400
114,482
15,189
7,504
84,073
18,703
86,973
9,291
5,833
36,233
20,489
4,031
11,945
-
21,674
137,521
-
13,521
710,744
17,060
5,850
25,974
48,884		 2024
£
3,445,722
309,606
343,171
113,960
33,987
210,000
4,456,446
4,500
17,414
80,527
153,789
19,902
2176
80,716
27,214
156,229
18,428
7,036
36,948
11,581
2,698
13,025
6,211
15,318
124,921
(10,284)
14,201
782,550
15,750
5,610
14,168
35,528

This page does not form part of the statutory financial statements

Page 39

ST CATHERINE'S - SPEECH AND LANGUAGE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

Governance costs
Brought forward
Professional fees
Total resources expended
Net (expenditure)/income		 2025
£
48,884
93,537
142,421
5,767,450
663,769		 2024
£
35,528
35,556
71,084
5,423,917
362,302

This page does not form part of the statutory financial statements

Page 40