Registered nurnber.. 00316883 Charity number- 310482 THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA Company limited by guarantee) CONTENTS Page Reference and administrative details of the Company. its Trustees and advisers Trustees. report Trustees. responslbllltles statement Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 9-14
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees Mr C Cambum Mrs L Le Versha Mr R J Tutvill Mr R Wise The members of the board have the power to appoint one or more board members. By virtue of the Articles all trustees must be members of the company. All Iruslees, thile a member, or wlhin one year after ceasing to be 8 member is liable to contribute a sum not excejing £1, if required in the event of the company being wound up. The trustees receive no emoluments. Company registered number 00316883 Charity reglstered number 310482 Registered and principal While House Bam operating office Uggeshall 8eccles NR34 88J Company secretary Mr C Camburn Accountants Larking Gowen LLP Chartered Accountants 1 sl Floor Prospect House Rouen Road Norwich NR1 1RE Page 1
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together wlh the financial slalemenls of the Company for the 1 September 2024 to 31 August 2025. The Annual report seNes the purposes of both a Trustees, report and a directors. report under company law. The Trustees confimi that the Annual report and financial slalemenls of the charitable company comply with the current slatulory requirements, the requirements of the charitable company's goveming document and the provisions of the Slalemenl of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191. sin the Company qualifies as small under section 382 of the Companies Act 2006. the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Obleetlves and actlvltles Charitable aims and objectives The Charity's objects are the advanment of education, and for that purpose, to establish. maintain and carry on on colleges, schools, kindergartens, seminars and educational inslitulions. In setting objectives and planning for aclivilies, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance'Public benefit.. running a charity IPB21'. Prlnclpal actlvlty The Charity's primary purpose is to manage funds which wll be used to provide bursarieslscholarships and to olhemse support Saint Felix School. Achievements and performance Review of activities Previously the Charity operated Saint Felix School. On 4 May 2021, in order lo safeguard the future of Saint Felix School and to enable the SchcK)I lo continue with its development plans lo enhance the education provision and facilities at Saint Felix, the SchcK)I was transferred lo Inspired Learning Group IILGI. This enabled the School to continue lo provide the best possible education and opportunities for students and staff. Following the resolution of some mallers arising from the transfer of the School, it is the intention of the Iruslees to dissolve the charity and lo pass the remaining funds to another charity wth compatible purposes. The Trustees are taking advice and the steps lo achieve this. Flnanclal Revlew • Flnanclal results The Statement of financial Activities shows a net surplus for 2025 of £90,990 12024.. £5,935}. The increase is due to the release of the Diana Russell fund liability. Page 2
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Reserves policy and going concern The Charity's general reSee at 31 August 2025 is £25,041 12024.. £30,051) and the restricted reseNe is £96,00012024.' £nil). The Trustees, policy is to relain minimum general reserves of £25,000. The reserves held at the year end are in-line with the reserves policy, and are sufficient for the Charity's normal operations. Prlnclpal rlsks and uncertalntles The principal risk to the Charity is funding. Structure. governance and management Constitution The Southwold and Reydon Educational Trust Limited is registered as 8 charitable company limited by guarantee. The Charity was founded in 1897, and is registered with the Charity Commission under Charity number 310482, and with Companies House with company registration number 00316883. The Charity is governed by its Trust Deed dating from 1897 and the Articles of Assoaation dated December 2011. The management of the Charity is the reswnsibility of the Trustees who are elected and co-opted under the terms of the Constitution. Approved by ordèr of the members of the b02rd of Trustees and signed on their behalf by.. Mr C Cambum Trustee Date.. 26 May 2026 Page 3
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for preparing the Trustees, report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Trustees lo prepare financial statements for each financial . Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the Company and of its incoming reSoUrS and application of resources, including ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the meth(As and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that 8re sufficient to show and explain the Company's transactions and disclc>se wlh reasonable accuracy al any lime the financial position of the Company and enable them to ensure that the financial statements comply wlh the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Ind8pendont examinor's roPQrt to tho Trustees of The Southwold and Reydon Educational Trust Limitod ('thg Company.) report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 August 2025. RPOnSibl11t1eS and basis of report As the Trustees of the Company land ils directors for the purposes of company lawl you are responsible for the preparation of the accoLJnts in accordance Mrith the requirements of the Companies Act 20061.lhe 2006 Acl'l- Having satisfied myself that the accounts of the Company are not reqUId to be audited under Part 16 of the 2006 A¢1 and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of Ihe Charities Act 2011 I'lhe 2011 Ad'l. In carrying out my examination I have followed Ihe Directions given by the Charity Commission under section 145{5llb} of the 2011 Act. Ind8pendont examinerfs ststement I have completed my examination. I confirm that no matters, other than those fully detailed below, have come lo my attention in connection with the examination giving me reasonable cause to believe that in any material respect.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or the accounts do not accord with those records,. or the accounts do not comply with the accounting requ1MentS of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fairt view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the meth(S and principles of the Statement of Recommended Practice for 8ceounling and reporting by charities18pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. confirm that other than the below, there are no other matters to which your attention should be drawn to enable a proper understsnding of the accounts lo be reached. Disclosure section Going concam: I draw your attention to the trustees. report and note 2.2 which stale that the trustees have decided to wind up the charity and transfer the remaining funds lo another charity with compatible purposes. As a result the financial statements are prepared on a basis other than going conrn. Contingent liability: as disclosed in note 11, in Dember 2025, the charity received a contractual claim tolalling approximately £32,500. The trustees have carefully reviewed the basis of the claim and do not consider that any liability arises. The daim has been formally disputed and, as at the date of approval of these financial statements, no further communication has been received. Accordingly, no provision has been recognised in these financial slalements. Page 5
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 This report is made solely lo the Company's Tnjslees. as a body, in accordance wth Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the Company's Trustees those mallers l am required to slate to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report. d k,1. /, 11 27 May 2026 Signed.. Dated.. Christopher Yeates FCA DChA Larking Gowen LLP Chartered Accountants Norwich Page 6
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Investments 96.000 96.000 290 Total income 96.000 96,oIXI 290 Expenditure on: Charitable activities Other expenditure 5,010 5.010 4,355 (10,000) Total expenditure 5,010 5,010 (5,645) Net movement in funds 15,010) 96,000 90,990 5,935 Reconciliation of funds: Total funds brought forward Net movement in funds 30,051 15,010) 30,051 90,990 24,116 5.935 96.000 Total funds carried forward 25,041 96,000 121,041 30,051 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 9 10 14 form part of these financial statements. Page 7
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) REGISTERED NUMBER.. 00316883 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note Fixod ass8ts Current assets Cash al bank and in hand 125,441 130,302 125.441 130,302 Current liabilities Creditors.. amounts falling due within one year 14.4001 (100,25f) Net current assets I liabilities 121.041 30,051 Total net assets 121.041 30.051 Charity funds Restrided funds Unrestricted funds 10 96.000 25.041 10 30,051 Total funds 121,041 30,051 The Company was entitled to exemptiorb from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for Complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entitie5 subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Mr C Camburn Trustee Date.. 26 May 2026 Page 8
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General information The Charity is a company limited by guarantee, incorporated in the United Kingdom. The members of the Charity are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. Accounting policios 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance wlh the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Companies Act 2006. The Southwold and Reydon Educational Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise staled in the relevant accounting policy. 2.2 Golng concern As described in the Trustees, Report, the trustees have decided to wnd up the charity and transfer the remaining funds lo another charity wlh compatible purposes. As a result the financial statements are prepared on a ba51S Other than going concern. which includes, where appropriate writing down the assets lo the net realisable value, and recognising any conlraetual commitments that have become onerous at the balance sheet date. No material adjustments arose as a result of ceasing to apply the going concern. 2.3 Income All income is recognised once the Company has entillemenl to the income, il is probable that the income wll be received 8nd the amount of income receivable can be measured reliably. Page 9
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies {continu8d) 2.4 Expendituro Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits wll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resOUrs. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable aclivilies is incurred on directly undertaking the activilies which further the Company's objectives, as well as any associaled support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Intgrest recoivable Interest on funds held on deposit is included Mthen receivable and the amount can be measured reliably by the Company., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar auount. 2.7 Liabilities and provisions Liabilities are reCognid when there is an obligation at the Balan sheet dale as a result of a past event, it is probable that a transfer of ewnomic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it wll pay to settle the debt or the amount it has received as advanced payments for the goods or ServIS it must provide. 2.8 Financial instrumgnts The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequenlly measured al their settlement value with the exception of bank loans which are subsequenlly measured at amortised cost using the effective interest meth(. Page 10
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies {continu8d) 2.9 Fund accounting General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general obJ"eclives of the Company and which have not been designated for other purposes. Restricted funds a funds which are to be used in accordance wlh specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Income from donations and legacies Rostrictod funds 2025 Total funds 2025 Total funds 2024 Diana Ru&sell fund 96,000 96,000 The Diana Russell Fund is principally lo supwtt gifted children lo study design and technology at Saint Felix School. In the prior period, due to a concern that the funds may need lo be retumed to the funder, the income was held as a liability. The trustees assessment of this risk has changed. As a consequence, the prior year liability has been released and is reflected in income. Investment income Total funds 2025 Total funds 2024 Bank interest received 290 Page11
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Othor expendituro Total funds 2025 Total funds 2024 School disposal costs (10,0(K)) Total 2025 (f 0,000) School disposal Costs are ¢osl adjustments relating lo the St Felix School sale in 2021. Analysis of expenditure by activities Support costs 2025 Total funds 2025 Total funds 2024 Misc 3,460 1,550 3,460 1,550 2,825 1.530 Governance 5,010 5,010 4,355 Independent examlner's remuneratlon The independent examinerfs remuneration amounls lo an independent examiner fee of £1,200 12024.. nlal Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024- £NIL). During the year ended 31 August 2025. expenses lotalling £NIL were reimbursed or paid directly to Twslees (2024.. £nill. Page 12
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Croditors: Amounts falling due within ono year 2025 2024 Other creditor5 Accruals and deferred income 96,000 4,253 4,400 4,400 100,251 10. Statement of funds Statement of funds - current year Balance at 1 September 2024 Balance at 31 August 2025 Income Expenditure Unrestrictad funds General Funds- all funds 30.051 15.0101 25.041 Restrlcted funds Diana Russell Fund 96,000 96.000 Total of funds 30.051 96,000 15.0101 121.041 The Diana Russell Fund is principally lo supwl gifted children lo study design and technology at Saint Felix School. Statement of funds - prior year Balance at 1 September 2023 Balance at 31 August 2024 Income Expenditure Unrestricted funds General funds 24,116 290 5, 645 30.051 Page 13
THE SOUTHWOLD AND REYDON EDUCATIONAL TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. Contingent liabilitiOS In December 2025, the charity received a conlraclual claim lotalling approximately £32,500. The trustees have carefully reviewed the basis of the claim and do not consider that any liability arises. The claim has been formally disputed and, as at the date of approval of these financial stalemenls, no further communication has been received. Accordingly, no provision has been recognised in these financial statements. 12. Related party transactions There were no related party transactions in the currenl or prior year. Page 14