2025-08-31-accounts

Charity registration number 309914 (England and Wales)

Company registration number 00414674

SUNNYLANDS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

SUNNYLANDS LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Governors	S Dawson
	Mrs E S Bell
	P M Drage
	J Laskey
	S D Aldwinckle
	R Drage	(Appointed 17June 2025)
Charitynumber	309914
Company number	00414674
Registered office	52 Headlands
	Kettering
	Northamptonshire
	United Kingdom
	NN15 6DJ
Auditor	Azets
	Thorpe House
	93 Headlands
	Kettering
	Northamptonshire
	United Kingdom
	NN15 6BL
Solicitors	Howes Percival
	Nene House
	4 Rushmills
	Northampton
	United Kingdom
	NN47YB

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SUNNYLANDS LIMITED

CONTENTS

	Page
Council OfGovernors report	1-6
Statement ofCouncil ofGovernors responsibilities	7
Independent auditor's report	8-10
Statement offinancial activities	11
Balance sheet	12-13
Statement ofcash flows	14
Notestothefinancialstatements	15-25

SUNNYLANDS LIMITED

COUNCIL OF GOVERNORS REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

The governors present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the school's governing document, the Companies Act 2006 and "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

The objectives of the School as stated in its Memorandum and Articles of Association are to establish, maintain, manage, develop and carry on a school for boys and/or girls at ‘Sunnylands’ in Kettering.

In meeting these objectives, St Peter's School's public benefit aim is to provide a first-class education, independent of the State system, to pupils between the ages of 3 and 11, based on a sound Christian foundation. It aims to do this through strong academic tuition, and also the development of sporting, artistic, musical and social skills. This is intended to provide an environment where each pupil can develop and fulfill their potential, and to prepare them for a senior school of theirs and their parents’ choice.

St Peter’s School also provides employment for 27 local people, and seeks to source as many of its suppliers and contractors from the local area as is economically viable.

Public Benefit — Bursaries and discounts

St Peter’s School educates around 100 pupils (average for the year) independently of the State system. The School offers discretionary means tested Bursaries and parents and the public in general are made aware of this either upon enquiry, on the School registration form and also through the School's website. Applications are considered by the Finance Committee in accordance with the Bursary Policy, and based upon individual circumstances and need. Bursaries are intended to aid when possible to benefit parents experiencing financial hardship who wish to enter or remain at the School. Sibling and staff discounts are also available. The School was able to offer bursaries and discounts to 20 children (24 pupils in 2023/24) during the year including those discounts offered to parents with more than one child at the School. By educating over 85 primary age pupils outside of the state system the school has saved the public purse a sum in the region of £697,850 calculated at £8,210 (2024/25) per primary school aged child.

Public Benefit — Associated activities for the benefit of the community

Links are maintained with various nearby state-maintained schools, resulting in the sharing of resources and supporting career development for young people. The School also supports the local Higher Education College and local secondary schools by providing work experience opportunities in several parts of the curriculum and in the Preschool. This is a valuable work experience opportunity provided to local students to aid the transition from full time education into work. St Peter’s School is also a partner school with the University of Northampton providing valuable placements and tutoring/mentoring opportunities. St Peter’s Staff also volunteer at the university as part of their admissions and teacher recruitment processes.

The School passionately encourages the support of local and national charities and continues to raise money for donation through varied activities throughout the year. We continue to support charities such as Children in Need, Red Nose Day, the Royal British Legion Poppy Appeal and Sport Relief. The School has links with local care homes. Children have performed for and read with residents and also done seasonal activities.

The upper part (KS2) of the school is housed in ‘Sunnylands’. This is a Grade 2 listed property which is the former home of a locally born renowned philanthropic national businessman. This maintains and preserves a Grade2 listed property which was once one of the largest private houses in Kettering, for generations to come.

The School is also committed to extending its facilities to the local community wherever possible. A local state school visits weekly to use the Forest School area and also holds its annual sports day in our grounds. The school participates in the Kettering school’s sports partnership promoting sport in schools locally across the maintained sector - in Kettering and at County level. St Michael's Church also held its annual away day at St Peter’s School. The harvest donations were donated to Kettering Foodbank.

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SUNNYLANDS LIMITED

COUNCIL OF GOVERNORS REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

In setting objectives and planning activities, the Governors have given due regard to the public benefit guidance published by the Charities Commission, and in particular to its supplementary public benefit guidance on advancing education and on fee charging. The Board considers that through the Bursary Scheme, local employment opportunities and the assistance given to the local community it is fulfilling its public benefit responsibilities. The School has not received any approach from local maintained schools as part of the ‘Schools Together’ programme.

The governors have paid due regard to guidance issued by the Charity Commission in deciding what activities the school should undertake.

Achievements and performance

The Board is pleased to report that this has been.another highly successful year, with clear progress evident across all groups of pupils. It has also been an exceptionally busy and rewarding year, filled with a wide range of events and opportunities; from sports days, musical concerts, and speech days to an extensive programme of clubs, visits, and enrichment activities. A particular highlight was the Year 5 and 6 residential to Govilon in Wales, which provided valuable opportunities for teamwork, resilience, and adventure.

Pupil numbers are growing, our classes are slowly expanding. We have 7 classes plus a Preschool class.

There continues to be significant interest in the School, reflected in our strong online presence. Our social media platforms remain highly active and engaging, and the School’s website continues to grow in reach and reputation; widely recognised as one of the best in the area. The Preschool also remains a major strength, offering an outstanding early years provision that attracts both new families and future pupils of the School.

Attendance across both the School and Preschool remains consistently above national averages, reflecting strong parental commitment and pupil engagement. The Preschool continues to enjoy an excellent local reputation and provides flexible attendance options, incorporating the full range of Government and Local Authority funding schemes to support working parents.

This year has been characterised by exceptional musical achievement and enthusiasm across the School. Our programme of concerts and performances has drawn impressive audiences, and it has been particularly pleasing to see a growing number of pupils taking up peripatetic music lessons and the choir and orchestra growing. Music continues to thrive at St Peter’s, with our choirs, orchestras and ensembles performing with pride at events across the county including local high profile events such as the Town Remembrance and Christmas Carol Services. Several pupils also represented the School within the County Orchestra, showcasing their talent on a wider stage. A true highlight of the year was our sell-out production of Oliver! The Musical, featuring 75 pupils performing on stage; a remarkable display of commitment, creativity and teamwork. We were also immensely proud that Mrs Palmer, our outstanding Music Teacher, was named Music Teacher of the Year at the National Music and Drama Awards; an accolade richly deserved.

Our sporting achievements this year have been truly outstanding, reflecting both the depth of talent and the dedication of our pupils and staff. St Peter’s was proudly awarded the Gold School Games Mark, a national recognition of excellence in sport and physical education. Across the year, our teams and individual athletes have achieved success at multiple tournaments and inter-school events, showcasing skill, teamwork and determination.

We were thrilled to see one of our athletes represent the Midlands at a national competition, and several pupils went on to represent both the district and the county across a range of disciplines, including athletics, cross-country and swimming. Notably, our pupils earned titles as County Swimming Champions, with a number of multi-event and tournament victories throughout the year. These achievements underline the strength and breadth of our sports programme, and the enthusiasm with which pupils of all ages embrace sport at St Peter's. We have also increased our provision in inclusive sports, this includes access to SEND specific tournaments, the introduction of inclusive sports such as Boccia and Goal Ball (blind football).

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SUNNYLANDS LIMITED

COUNCIL OF GOVERNORS REPORT (INCLUDING DIRECTORS' REPORT) ' (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

In the academic sphere, St Peter’s continues to strengthen its curriculum, refine assessment and reporting systems, and embed innovative, research-informed teaching practices. Assessment data demonstrates that pupils consistently achieve well above national age-related expectations in English, Mathematics, Science and Spelling, with outcomes averaging around ten standardised points higher than comparative benchmarks. Notably, all pupil sub-groups, including SEND, Able, Gifted & Talented (AGT), and English as an Additional Language (EAL), have made excellent progress, reaffirming our commitment to inclusive excellence and high expectations for every learner.

Above all, our pupils continue to approach their learning with joy, enthusiasm and curiosity. Feedback from parent surveys and pupil voice groups, including the School Council and Eco Committee, consistently affirms that children feel supported, valued and eager to come to school each day. This positive attitude towards learning is particularly noteworthy within our wonderfully diverse and multicultural community, where every child is encouraged to flourish and contribute with confidence.

Building and Development

The Development Committee remains committed to continually assessing and enhancing our facilities, ensuring resources are strategically allocated to support the school’s growth and evolving needs.

This year has also seen investment in site improvement and maintenance across the school. A comprehensive programme of deep-cleaning was undertaken to restore paths, outdoor surfaces, and the tennis courts, greatly enhancing both appearance and safety. The area by the Cedar Hub gate and kitchen garden has been resurfaced to address damage caused by tree roots and ensure safe access for pupils and visitors. In addition, a new Mental Health and Wellbeing Room (The Nook) has been cleared, refurbished and decorated, a calm, welcoming space designed to support pupils with SEND and pastoral needs. These developments collectively contribute to a safer, more inclusive and more attractive environment for our entire school community. Our program of planned investment in school infrastructure and resources continues steadily, with upgrades to equipment, IT, and learning materials across the curriculum. These investments make learning engaging and dynamic while remaining anchored in time-tested, effective teaching methods.

Financial review

The funds of the Company have been applied in providing a Christian education for the pupils of the School. It is for this purpose that the charity’s assets are held. The financial position at the balance sheet date is considered by Governors to be satisfactory for the future of the School, and the Governors and staff continue to seek to attract more pupils to the School.

The financial statements show that at the Balance Sheet date the Company had unrestricted reserves of £1,000,831 (2024: £947,324) of which £948,021 (2024: £946,737) is invested in fixed assets. Note 20 to the accounts shows in detail that designations of £80,000 have been set aside for various purposes. The remaining level of reserves not designated or invested in fixed assets at the balance sheet date are £52,810 (2024: £587).

The Governors anticipate that the School will continue to generate sufficient reserves by means of annual operating surpluses to generate resources for the maintenance and development of the School, and that undesignated reserves are sufficient to give adequate levels of working capital to cover unexpected emergencies.

The Governors review the reserve levels of the Company annually. This review encompasses the nature of income and expenditure streams, the need to match income with commitments and the nature of the reserves.

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SUNNYLANDS LIMITED

COUNCIL OF GOVERNORS REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Plans for future periods

The Governors intend to continue their current strategies of maintaining the School's position in a competitive market by investing to provide high quality education for our pupils, achieving high academic results and maintaining the breadth and depth of extra-curricular activities and experiences for our pupils.

The Headteacher and senior teachers continue to review the curriculum to ensure that the educational qualifications remain entirely appropriate for our pupil’s development and inline with statutory requirements.

Future development plans are financed primarily from fee income and reserves. Fixed assets are detailed at note 13 and are depreciated in accordance with the depreciation policies, and are invested to protect the balance between a sound infrastructure and financial base for the next generation of pupils.

Structure, governance and management

The School is registered as a charitable company limited by guarantee and was incorporated on 9th July 1946. The liability of its members is limited by guarantee as stated in its Memorandum and Articles of Association.

The management of the School is the responsibility of the Governors whose appointment is governed by the Memorandum and Articles of Association. The terms Director and Governor are interchangeable. The Board of Governors consists of six persons.

The day to day running of the School is delegated to the Headteacher and Bursar.

The members of the Council who have served during the year are listed below: T Fray (Resigned 9 December

(Resigned 9 December 2024)

S Dawson

Mrs E S Bell

P M Drage J Laskey S D Aldwinckle R Drage (Appointed 17 June 2025)

The School is committed to ensuring the Governors play an active role in the governance of the school and that the members of the board provide a wide and varied skill set to support and enhance the strategic development of the School. New Governors are recruited with consideration given to the mix of skills on the board and what new skills are required to enhance the skill set of the whole board. It is the School’s aim for Governors to have sufficient knowledge of charity, educational, site management, legal and financial matters.

Appointment of Governors is carried out either by direct approach to suitable candidates or by an approach being made from a member of the public, or a person already connected to the School. The Board maintains a thorough and detailed interview and selection process for potential governors which includes discussion about the role and expectations. A recommendation is then made to the full board about the suitability of the candidate and an offer to join the board is made if deemed suitable. All Governors are subject to a check by the Disclosure and Barring Service and an s128 Prohibition from Management check (the Chairman is DBS checked by the Secretary of State for Education).

Upon appointment, Governors receive a comprehensive induction pack which includes documents outlining their responsibilities as Directors, Governors and Trustees of the charity. Each Governor signs a declaration as to their willingness to serve the school, and undertake a DBS check and an s128 prohibition from management check. Governors are welcomed and encouraged to visit the school regularly and the Bursar provides legislative and regulation updates to the board. The School endeavours to maintain regular communications with all governors who can form links to various specific areas of interest within the school to build an in-depth understanding of how the school runs to report back to the Full Board.

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SUNNYLANDS LIMITED

COUNCIL OF GOVERNORS REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

The Board of Governors meet four times a year, Finance Committee meet four times a year and the Education & Safeguarding meets three times a year. Other Sub-Committees consist of Personnel, Development and Strategic Uniform meets twice a year. The meeting schedule is timetabled at the beginning of each year and arranged such that the minutes and contents of sub-committee meetings are made available to each Board meeting. The Headteacher preparesa briefing report for review and discussion at each Board meeting, and the Bursar prepares briefing reports for the Finance Committee, Personnel Committee and Development Committee meetings. The Headteacher and Chairman attend both main committee meetings. Sub Committees report into the main two committees. All meetings are run to a pre-circulated agenda, and minutes are published. All Governors are entitled to attend any committee meeting on an ex officio basis. Governors are appointed as link Governors with special responsibility for Child Protection and Safeguarding (Mrs Bell) and Health and Safety (Mr Drage).

Internal Control

The School's financial controls are reviewed in conjunction with the audit of the year end financial statements. The School’s Internal Control Framework supports the delivery of its strategy and compliance with its regulatory objectives.

The objectives are to:

• manage risks which impact the achievement of the objectives;

• ensure that liabilities are recorded and managed effectively;

• prevent and detect corruption, fraud, bribery and other irregularities.

The Board is responsible for determining and monitoring the adequacy of the system of internal control. It delegates authority to the Bursar Office and receives regular updates from them throughout the year. Any areas of concern are fully disclosed and brought to the attention of the Auditor. The Head of the Finance Committee (or their elected representative) meets once a month to perform a review into different aspects of financial risk and control conducted by the Bursar's office and track progress on improvement actions. The role of the Bursar’s Office is to assure the Board that the systems in place are robust taken on the overall adequacy and effectiveness of the Schools framework of governance, risk management and control.

Persons with Significant Control

The Board knows or has reasonable cause to believe that there is no registrable person or entity in relation to the School who has significant control.

Risk Management

The Governors are responsible for dealing with the risks faced by the School. The Board of Governors has considered the major risks to which the School is exposed, and is satisfied that systems have been established to lessen those risks. It is recognised that this system can only provide reasonable, but not absolute assurance, that the major risks have been adequately managed.

Governors use the following key controls in order to manage the risks faced and any matters of concern regarding them are reported and discussed at the Board meetings.

• Formal agendas for all Board and Committee activity with published minutes.

• ° Detailed terms of reference for all Sub Committees reporting into the Board.

• Comprehensive strategic budgeting, planning and management accounting processes

• « Formal written policies (with regular review) in accordance with the Independent Schools Inspectorate on behalf of the DfE.

• ¢ Clear pre authorisation and approval systems for all expenditure.

• Vetting procedures as required by law for the protection of the vulnerable.

• ¢ Adequate and appropriate training for Governors as necessary, and key staff.

Auditor

In accordance with the company's articles, a resolution proposing that Azets be reappointed as auditor of the company will be put at a General Meeting.

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SUNNYLANDS LIMITED

COUNCIL OF GOVERNORS REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Disclosure of information to auditor

Each of the governors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Council of Governors report was approved by the Board of Governors.

S Dawson Chair of Governors Date: Bbele 5...

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SUNNYLANDS LIMITED

STATEMENT OF COUNCIL OF GOVERNORS RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025

The governors, who are also the directors of Sunnylands Limited for the purpose of company law, are responsible for preparing the Council Of Governors Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the governors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the school and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the governors are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the school will continue in operation.

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

The governors are responsible for the maintenance and integrity of the charity and financial information included on the school's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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SUNNYLANDS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF SUNNYLANDS LIMITED

Opinion

We have audited the financial statements of Sunnylands Limited (the ‘school’) for the year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of its incoming resources and application of resources, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the school 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 Council of Governors 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 school’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 governors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The governors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

• the information given in the financial statements is inconsistent in any material respect with the Council of Governors report; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records; or

• • we have not received all the information and explanations we require for our audit.

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SUNNYLANDS LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF SUNNYLANDS LIMITED

Responsibilities of governors

As explained more fully in the statement of Council of Governors responsibilities, the governors, who are also the directors of the school for the purpose 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 governors 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 governors are responsible for assessing the school'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 governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 an auditor's report 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.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

• Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

• Reviewing minutes of meetings of those charged with governance;

• Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;

• • Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
• • Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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SUNNYLANDS LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE GOVERNORS OF SUNNYLANDS LIMITED

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Paul Tyler (Senior Statutory Auditor)

For and on behalf of Azets, Statutory Auditor Accountants

Thorpe House 93 Headlands Kettering Northamptonshire NN15 6BL

Date: shiners

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SUNNYLANDS LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

		Unrestricted	Unrestricted
		funds	funds
		2025	2024
	Notes	£	£
income from:
Charitable activities	3	1,297,597	1,191,262
Investments	4	5,134	4,593
Total income		1,302,731	1,195,855
Expenditure on:
Raising funds	5	5,283	1,724
Charitable activities	6	1,223,941	1,161,975
Total expenditure		1,229,224	1,163,699
Netincome and movement in funds		73,507	32,156
Reconciliation offunds:
Fund balances at 1 September 2024		1,007,324	975,168
Fundbalancesat31August2025		1,080,831	1,007,324

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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SUNNYLANDS LIMITED

BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
	Notes	£	£	£	£
Fixed assets
Tangible assets	13		948,021		946,737
Current assets
Stocks	14	31,841		27,771
Debtors	15	36,772		241534
Cash at bank and in hand		494,842		432,774
		563,455		702,079
Creditors: amounts falling due within
one year	16	(301,195)		(512,042)
Net current assets			262,260		190,037
Total assets less current liabilities			1,210,281		1,136,774
Creditors: amounts falling due after
more than oneyear	17		(129,450)		(129,450)
Netassets			1,080,831		1,007,324
Income funds
Unrestricted funds
Designated funds	20	80,000		60,000
General unrestricted funds		1,000,831		947,324
			1,080,831		1,007,324
			1,080,831		1,007,324

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SUNNYLANDS LIMITED

BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2025

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

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

The financial statements were approved by the Governors on Ble )2 5 :

S Dawson

Chair of Governors

Company Registration No. 00414674

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SUNNYLANDS LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|22|76,727|172,179| |Investing|activities| |Purchase|of tangible|fixed|assets|(19,793)|(33,039)| |Investment|income|received|5,134|4,593| |Net|cash|used|in|investing|activities|(14,659)|(28,446)| |Net cash|generated|from|financing|activities|-|-| |Net|increase|in|cash|and|cash|equivalents|62,068|143,733| |Cash|and|cash|equivalents|at|beginning|of year|432,774|289,041| |Cash|and|cash|equivalents|at end|of year|494,842|432,774|

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SUNNYLANDS LIMITED

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

• 1 Accounting policies

Charity information

Sunnylands Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 52 Headlands, Kettering, Northamptonshire, NN15 6DJ, United Kingdom.

• 1.1 Accounting convention

The financial statements have been prepared in accordance with the school's governing document, the Companies Act 2006 and "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)". The school is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the school. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern At the time of approving the financial statements, the governors have a reasonable expectation that the school has adequate resources to continue in operational existence for the foreseeable future. Thus the governors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds Unrestricted funds are available for use at the discretion of the governors in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the governors for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

• 1.4 Income

Income is recognised when the school is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the school has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the school has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income from grants is recognised when there is evidence of entitlement, receipt is probably and its amount can be measured reliably. Coronavirus Job Retention Scheme grants are normally recognised as income in the period in which the salary expense was incurred and all condition of the furlough scheme have been met.

Fee income is the total amount receivable by the company in the accounting period for services provided in teaching children, and for services ancillary to their education. School fees are stated after deducting bursaries and discounts.

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SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

• 1 Accounting policies

(Continued)

• 1.5 Expenditure Expenditure which is charged on an accruals basis and includes irrecoverable value added tax, is analysed between:

• ¢ expenditure on charitable activities which is expenditure incurred directly to the fulfillment of the charities objectives;

• ¢ costs of raising funds which is expenditure incurred directly in the effort to raise income;

Support costs are those functions that assist the work of the school but do not directly undertake charitable activities. Support costs include office costs, personnel and governance costs which support the School's activities. These costs have been allocated to expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 7.

1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings Not depreciated Temporary classrooms, tennis courts and hard 7 years straight line playing area Equipment, fixtures & fittings 14% - 25% reducing balance Motor vehicles 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

No depreciation is provided on freehold land and buildings as it is the charitable company's policy to maintain these assets in a continual state of sound repair and to extend and make improvements to them from time to time. The useful economic lives of these assets are thus so long and residual values so high that any depreciation would not be material. Provision is made for any permanent diminution in value. Any expenditure in respect of building and infrastructure maintenance and improvement is written off in the year of expenditure.

• 1.7. Impairment of fixed assets At each reporting end date, the school reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

• 1.8 Stocks

• Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

• 16-

SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

• 1 Accounting policies

(Continued)

• 1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The school has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the school's balance sheet when the school becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the school’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the school is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

The School makes contributions for its academic and related staff to a defined contribution scheme designed for independent schools. The school also contributes to a defined contribution scheme for its non-teaching staff. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

2 Critical accounting estimates and judgements

In the application of the school’s accounting policies, the governors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

• 3 Charitable activities

	Operation of	Operation of
	school	school
	2025	2024
	£	£
Tuition and related fees	947,591	881,948
Dinners	99,309	87,012
Grants	98,983	103,102
Music and uniforms	62,753	54,663
Late club	25,214	21,675
Clubs and outings	48,228	39,427
Other income	15,519	3,435
	1,297,597	1,191,262

4 Income from investments

		Unrestricted	Unrestricted
		funds	funds
		2025	2024
		£	£
Interest	receivable	5,134	4,593

5 Expenditure on raising funds

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Fundraising and publicity
Membership schemes and social lotteries	1,464	1,104
Staging fundraising events	3,819	620
	5,283	1,724

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SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

6 Charitable activities

==> picture [445 x 449] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Operation|of|Operation|of| |school|school| |2025|2024| |£|£| |Teachers|salaries|566,105|569,005| |Caiering,|uniform|&|text|books|99,050|81,303| |Premises|costs|171,876|115,790| |School|materials|89,521|95,546| |Irrecoverable|VAT|7,811|-| |Pre-registration|VAT on|assets|(23,872)|-| |910,491|861,644| |Share|of support|costs|(see|note|7)|301,371|290,191| |Share|of governance|costs|(see|note|7)|12,079|10,140| |1,223,941|1,161,975| |Support|costs| |Support|Governance|2025|Support|Governance|2024| |costs|costs|costs|costs| |£|£|£|£|£|£| |Staff costs|234,554|-|234,554|224,262|-|224,262| |Depreciation|18,509|-|18,509|17,329|-|17,329| |Other|costs|48,308|-|48,308|48,600|-|48,600| |Audit|fees|-|8,000|8,000|-|6,480|6,480| |Accountancy|-|750|750|-|3,660|3,660| |Clerking|services|-|3,329|3,329|-|-|-| |301,371|12,079|313,450|290,191|10,140|300,331| |Analysed|between| |Charitable|activities|301,371|12,079|313,450|290,191|10,140|300,331|

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7 Support costs

Governance costs includes payments to the auditors of £8,000 (2024- £6,480) for audit fees.

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |8|Net movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|audit|of the|charity's|financial|statements|8,000|6,480| |Depreciation|of owned|tangible|fixed|assets|18,509|17,329|

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SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

9 Governors

None of the governors (or any persons connected with them) received any remuneration or benefits from the school during the year. No expenses were reimbursed to the governors during the year or previous period.

10 Employees

The average monthly number of employees during the year was:

	2025	2024
	Number	Number
Teaching staff	11	12
Teaching support and nursery	8	9
Catering and domestic staff	3	4
Administration	5	5
Total	27	30
Employmentcosts	2025	2024
	£	£
Wages and salaries	673,309	675,628
Social security costs	56,773	49,811
Other pension costs	70,577	67,828
	800,659	793,267

The total number of full-time equivalent employees during the year was 22 (2024: 26).

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The school considers that its key management personnel comprise the governors and the headteacher. The total amount of employee benefits (including employer pension and national insurance contributions) received by key management personnel was:

		2025	2024
		£	£
Aggregate	compensation	76,592	74,235

11 Severance Payments

The school made 1 severance payment in the previous year, disclosed in the following bands:

£0-£25,000

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

13	Tangible fixed assets
		Freehold land	Temporary	Equipment,	Motor	Total
		and buildings	classrooms,	fixtures &	vehicles
			tennis courts	fittings
			and hard
			playing area
		£	£	£	£	£
	Cost
	At1September 2024	873,869	54,806	210,988	36,509	1,176,172
	Additions	-	-	19,793	-	19,793
	At31 August2025	873,869	54,806	230,781	36,509	1,195,965
	Depreciation and impairment
	At 1 September 2024	5,094	54,806	158,339	11,196	229,435
	Depreciation charged in the year	-	-	13,446	5,063	18,509
	At 31 August2025	5,094	54,806	171,785	16,259	247,944
	Carrying amount
	At 31 August 2025	868,775	-	58,996	20,250	948,021
	At31August2024	868,775	-	52,649	25,313	946,737

All fixed assets are used for charitable purpose.

The governors consider the market value of the freehold land and buildings to exceed their book value but have not conducted a recent valuation.

14 Stocks

14	Stocks
		2025	2024
		£	£
	Raw materials and consumables	31,841	27,771
15	Debtors
		2025	2024
	Amounts falling duewithin one year:	£	£
	Trade debtors	8,523	216,320
	Other debtors	15,792	-
	Prepayments and accrued income	12,457	25,214
		36,772	241,534

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SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

16 Creditors: amounts falling due within one year

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |Notes|£|£| |Other|taxation|and|social|security|17,179|13,557| |Deferred|income|19|74,536|395,897| |Trade|creditors|180,899|66,133| |Other|creditors|9,678|10,330| |Accruals|18,903|26,125| |301,195|512,042| |Creditors:|amounts|falling|due|after more more|than|one year year| |2025|2024| |£|£| |Borrowings|129,450|129,450|

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• 17 Creditors: amounts falling due after more more than one year year

Sunnylands Trust is a registered charity, the charitable objects of which generally benefit the School and its pupils in the form of funding for the School and bursaries for pupils. J E Lamb, a governor (retired 13 December 2022), is also a trustee of Sunnylands Trust.

A loan of £129,450 is secured on the freehold property and is repayable in full in the event of the cessation of the charitable company's activities or the breach of certain covenants attached to the loan. Interest payable at bank base rate has been waived by the trustees of Sunnylands Trust.

18 Retirement benefit schemes

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|70,577|67,828|

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The school operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the school in an independently administered fund.

19 Deferred income

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|||||| |---|---|---|---|---| |2025|2024| |£|£| |Other|deferred|income|74,536|395,897| |2025|2024| |£|£| |Deferred|income|is|included|within:| |Current|liabilities|74,536|395,897|

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Movements in the year:

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SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

19	Deferred income			(Continued)
	Deferred income at	1 September2024	395,897	317,845
	Released from previous periods		(395,897)	(317,845)
	Resources deferred	in the year	74,536	395,897
	Deferredincomeat	31August2025	74,536	395,897

Deferred income represents school fees invoiced in advance.

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At1	Incoming	Resources	Transfers At 31 August	Transfers At 31 August
	September	resources	expended		2025
	2024
	£	£	£	£	£
Development fund	60,000	-	-	20,000	80,000
General funds	947,324	1,302,731	(1,229,224)	(20,000)	1,000,831
	1,007,324	1,302,731	(1,229,224)	-	1,080,831
Previous year:	Ati	Incoming	Resources	Transfers At 31 August
	September	resources	expended		2024
	2023
	£	£	£	£	£
Developmentfund	40,000	-	-	20,000	60,000
General funds	935,168	1,195,855	(1,163,699)	(20,000)	947,324
	975,168	1,195,855	(1,163,699)	-	1,007,324

The Council of Governors have set aside funds as follows:

• Development fund of £80,000 represents earmarked funds for the development of the school site.

-23-

SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

21 Operating lease commitments

At the reporting end date the school had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

			2025	2024
			£	£
	Within oneyear		1,775	1,775
	Between two and five years		1,727	3,502
			3,502	5,277
22	Cash generated from operations		2025	2024
			£	£
	Surplus for the year		73,507	32,156
	Adjustments for:
	Investment income recognised in statement offinancial activities		(5,134)	(4,593)
	Depreciation and impairment oftangible fixed assets		18,509	17,329
	Movements in working capital:
	(Increase) in stocks		(4,070)	(2,524)
	Decrease/(increase) in debtors		204,762	(11,162)
	Increase in creditors		110,514	62,921
	(Decrease)/increase in deferred income		(321,361)	78,052
	Cash generated from operations		76,727	172,179
23	‘Analysis ofchanges in netfunds
		At 1 September	Cash flows	At 31 August
		2024		2025
		£	£	£
	Cash at bank and in hand	432,774	62,068	494,842
	Loans falling due aftermorethan one year	(129,450)	-	(129,450)
		303,324	62,068	365,392

24 ~+Related party transactions

Transactions with related parties

During the year the school entered into the following transactions with related parties:

-24-

SUNNYLANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

24 = Related party transactions

(Continued)

S Dawson, a Governor of the School, has an interest in R B Travel, a firm which provides services to the School. The value of services provided during the year was £7,180 (2024 - £10,150).

J Laskey, a Governor of the School, has an interest in Howes Percival Solicitors, a firm which provides services to the School. The value of services provided during the year was £1,506 (2024 - £2,140).

S Aldwinckle, a Governor of the School, has an interest in Nineteen Accountants, a firm which provides services to the School. The value of services provided during the year was £121 (2024 - £47).

-~25-