2025-08-31-accounts

Registered number 01527406 Charity number 510849 Nant-y£wm Steiner School Ltd Financial Statements 31 August 2025

Nant￿QWM StsI￿r School Ltd Report and accounts Contents General Infomiation Trustees. Report 1nds￿nd￿nt ExamIne￿$ Report Statemènt of Financlal Acllvltles Balance sheet Notes to the Flnanclal Statements

Nant-y-cwm Steiner School Ltd Company InfornMtion TN8tees Richard Stuart Turner {Resigned 2nd February 2025) Michael WillHm Hargreave$ Fem Clare Thomas Sally-Jo Williams Peter Ainsworth (Appointsd 26th September 2024) Gillian Efvey (Appointed 26th September 2024) Carol Ann Klrk {Appoinled 28th August 2025} Ind•p¢ndent Examlners Gwenno Accountancy S&rYicas Ltd Glan Gwaun Ponttaen Fishguard Pembrokeshire SA65 9SG Ro918tered office Llanycefn Clundemen Pembrokeshire SA66 7QJ Charlty R¢g18tratlon Number 510849

Nant-y-cwm Steiner School Limited Trustees, Annual Report For the year ended 31 August 2025 The trustees, who are also directors of charitable company for the purposes of company law. present thelr annual report logelher wlih the Ilnanclal Statements of Ndrit-y-CTAtti 81einer Sthool Limited for the year ended 31 August 2Q25. This report has been prepared in accordance with the requirements of the Charities Act 2011. the Companles Act 2006, the company's goveming document. and the Charities Statement of Recommended practi￿ applicable to Chariiies preparing their accounts in accordance with FRS 102. 1. Reference and administrative details Charfty name: Nant-y-cwm Steiner School Limited Company name: Nant-y-cwm Steiner School Limited Registered charlty number: 510849 Registered company numbèr: 01527406 Reglstered office: Nant-y-cwm Steiner School Uanycefn Clunderwen Pembrokeshire Wales SA66 7QJ Prlncipal operating address: Nant-y-cwm Steiner School Llanycefn ClundeThven Pembrokeshire Wal88 SA66 7QJ Trusteesldlrectors servlng during the yoar and up to the dats of approval of the report: Michael Hargreaves- Chair. Fern Thomas. Carol Kirk. Andrea Shaw. David Caplin

Company Secretary: Stephen Thomas Independent Examlnor l Audltor: Bankers: Natwest 2. Structure, governance and management Nant-y-cwm Steiner Sthool Limited 1$ a charitable company limited by guarantee and is gov8rn8d by its Articles of Association. The trustees are also the directors of the company for th8 purposes of company law. The Board of Trustees Is responsible for the overall governan￿, strategic direction and financial oversight of the charity. Day-to-day operational management 18 delegated to the school management leam, who report to the Board. During the year. the Board continued to oversee the school's educational. operational and financial position, including pupil numbers, staffing, admissions, fee coll8Ction, safeguarding, premis8s, and longer-term sustainabilty. Trustees are appointed in accordance with the company's governing documenL The Board k0•￿ its $kill$. expeTience and governan￿ arrangements under reviÈw And $88ks to p.nsiJr& that trustees understand their responsibilities as tharity trustees and company diredors. The Board has continued to develop its govemance ￿￿OCesSes. including closer monitoring of admissions, finances. policies, risk. and operational reporting. The trustees recognise the Importan￿ of maintaining clear records, robust decision-making processes, appropriate confiict-of-interest procedures, and transparent oversight of the school'6 financial position. 3. Objects and charitable purposes The charitable purpose of Nant-y-cwm St8iner School Limited is to advance education, principally through the provision of Steinerlwaldorf education. The school provides education for children in kindergarten and main school settings, with an emphasis on child (Jevelopment, creativrty. ffty1hm, outdoor leaming, practical activity. imagination, the arts, and a holists'¢ approach to education. trustees have had regard to the Charity Commission's guidance on public benefrt when reviewing the charity's aims. planning adivities. and making decisions r818vant to the school's educational provision.

1. Public benefit The trustees consider that the school's activities provide public benefit through the advan￿rnent of education. During the year, the school continued to provide education to children in the local and wider communty through its kindergarten and maln school provision. The school's educational approach supports children's intellectual, emotional. physical. social and creative (JevelopmenL Th8 trustees recognise that fetrcharging sd)ools must ensure that aC￿sS and public benefbt are considered carefully. The school therefore continues to operate bursaries. COn￿ssIOnS and discounts where appropriate, subject to afforda￿.1￿ and the financial sustainabilty of the charity. Th8 trustees also recognise that such support must be managed carefully. During the year, discounts and ¢oncwJsions represented a significant financial eommitmont. and the Board has identTFied the need for continued oversight of bursaries, staff discounts, sibling discounts and any discretionary fee con￿*$10ns to ensure that they remain consistent with the charity's values while also being financialty sustainable.

2. Objectives and activities during the year During the year ended 31 August 2025, the school's princlpal actwbty remained the F)rovision of Steinerlwaldorf education. The main objectives during the year were to: proV￿e high-qualty education in accordance with the school's ethos and charitable objects., maintain a safe and nurturing leaming environment for Children. support pupils, development through classroom leaming. outdoor activity. rhythm, creativity, practical work and social development,. continue admissions and recruitment activity to strengthen pupil numbers: manage the sthool's financial position in a challenging operating environment: maintain access to the school Ihrough bursaries and other fee support where appropriat8; • ensure appropriate goveman¢e oversight of finances, StaffiNJ. safeguarding. admissions and operational matters. The school continued to work actlvely on admissions, community engagement, parent communication and financial planning. However, the trustees recognise that recruitinent alone is insufficient rf pupil retention weakens the net position. Pupil retention has ther8fore become a key strategic and financial priority.

3. Achievements and perfonnance The year to 31 August 2025 was financially challenging. but th8 school continued to deliver its charitable educational purpose throughout the year. Tumover increased from £373.509 in the previous year to £383,640 in the year ended 31 August 2025. This demonstrates that the school was able to grow income during the period. However, the increase in income was more than offset by rising costs. Cost of sales increased from £296,912 to £374,269, and direct labour increased from £282.743 to £350,111. Gross profit therefore fell sharply from £55,864 to £34,610. The trustees recognise that this refiects a difficutt operating p3Sition in which almost all income was absorbed by direct operaling costs before administrative ovetheads were taken into accounL The School al80 continued to operate bursaries. concessions and discounts. Discounts allowed increased from £28.689 to £56,919. The trustees consider this an important governan￿ matter. The sthool remains committed to accessibility, but thè Board must continue to monitor the financial effect of fee reductions and ensure Ihat decisions are made within a dear and sustainable framework. Trade dèbtors increased from £42,662 to £63,067. This indicates that a substantial amount of invol￿d income had not been collected at the year end. Fee ¢0118Ction and aged debtor management remain important areas for Board over8ight.

4. Financial review The draft accounts show a deficit of £62,650 for the year ended 31 August 2025, compared with a deficit of £36,647 in the previous year. The trustees recognise that this was a dlfficult financial result and that the chaiity was carying signffirant financial strain at the year end. At 31 August 2025, current assets were £112,699 and creditors falling due within one year were £137,444, resulling in net current liabilities of £24,745. This demonstrates pressure on working capital and reinforces the importance of careful cashflow management. The school remained asset-backed. The draft accounts show land and bulldings at £350.000, based on the previous valuation. sift￿ the year end. the trustees have received a more recent valuation indication of approximately £375,000. This strengthens the balance- sheet position, although the trustees recognise that an increase in property valuation does not by itself resolve day-ttrday Cashflow pressures.

The accounts also disclose a loan from Mr M. W. Hargreav8s amounting to £153,060, included within creditors due after more than one year. The trustees recognise that related- party transactions require appropriate documentation, Board approval. and conflict-of- interest management. The Board will ensure that the terms of the loan are properly recorded, approved and minuted. 8. Reserves policy and going concern The trustees reGognise the importance of maintaining appropTiate reserves to protect the charity against fluctuations in wpil numbers. fee collection. operating costs and unexpected experKliture. At 31 August 2025, the charity's working capital position was under pressuTe, with net current liabilities of £24.745. The trustees therefore recognise that the school does not currently hold the level of free reserves that would ordinarily be desirable for a school of this nature. The Board's immediate financial priorities ar8: • careful cashflow management., timely fee collection., dose monitoring of aged debtors., • admissions conversion; pupil retention. • control of discrotionary expenditure. delivery of planned cost-saving measures; careful management of creditors; encouragement of advance fee payments where appropriate. The trustees have considered th& charity's financial position. current forecasts. anticipated pupil numbers, planned cost-saving measures and expected income for the 2026-27 academi¢ year. On this basis. the trustees consider that the charity has a credible route to financial sustainability, provided that pupil number projections ar8 achieved. f@8 collection is managed effectively, and planned cost savings are delivered. The twstees will continue to monitor the going concern positlon dos81y. 9. Post year-end financial position and future plans The accounts for the year ended 31 August 2025 provide the fomial historic picture of the school's financial position at that date. However, they should not be read in isolation as a ¢ompl8te picture of the school's current position or future prospects.

Since the year end, the school has continued through a financially challenging period. The principal issue during the 202￿26 academic year has been pupil retention. Recwitment actiwty has remained active and has brought new families into the school. but pupil departures have weakened the net position. As a result, income has not grown as strongly as anticipated, while the school has continued to carry a cost base designed to support a higher and more stsbla pupil roll. The trustees ￿gard the 2025-26 year as a bridge period. The task is to manage cashflow carefully vthile preparing for a materialty stronger position from September 2026. The school began the Septernber 2025 academic year with approximalely.. September 2025 Main school 57 children Kindergarten 30 children For September 2026, the school is currently anticipating.. Septsmbor 2026 projection Main school Approximately 6045 children, subject to confimations Kindergarten Approximately 27-30 children, subject to confirmations This would represent a stronger main school roll while maintaining kindergart8n numbers at around a sustainable level. In addition, the school is implementing a kindergarten restruithre and a wider suite of cost- saving measures from S8Ptember 2026. The expected finan(#al effect is iwofold: increased income, particularfy from a stronger main school roll. and 2. reduced operatlng costs, through the kindergarten restructure and wider cost-saving programme.

The trustees believe that this combination provides a credible route to a materialty improved financial position from the 202￿27 academic year. Advance fee payments from parents for Ihe 2026-27 academic year may also support short- temi cashflow during the bridge period. Th8 trustees recognise. however. that advance fees improve timing of cash receipts but do not in themselves resolve the underlying operating mod81. The expected improvement from September 2026 depends on both stronger income and reduced Gosts. 10. Principal risks and uncertainties The trustees have identified the following principal risks and uncertainties. Pupil retention The current yeafs losses have principally revolved around pupil retention. Recruitmenl alone is not sufficient if departures offset new joiners. Retention is therefore a Core financial, educational and pastoral priority. Admissions conversion The September 2026 forecast depends on converting enquiries, tasters and likely families into Confimied places. The Board will continue to monitor confinned pupil numbers dosely. Fee collection and aged debtors Trade debtors were high at 31 August 2025. Fee collection discipline remains essential, particularly during the current brldge period. Dlscounts. bursarfes and concessions Discounts Increased significantly in the year ended 31 August 2025. The Board will continue to monitor bursaries, staff discounts, sibling discounts and (Iiscretionary con￿$S1on$ to ensure that they are aligned with the s¢hool's charitable ethos and financial sustainability. Cashflow The school must continue to manage cash carefully untll the stronger September 2028 position takes effecL A rolling ca5hflow forecast should be maintained and reviewed regularly. Dellvery of cost savings The projected imtYovemenl from September 2026 depends not only on pupil numbers. but also on the Su￿sS￿l implementation of the kindergarten restwcture and wider cost-saving measures.

Related-party loan The loan from Mr M. W. Hargreaves should be properly documented, approved and minuted, with confiicts of interest managed appropriately. Wider operating risks The trustees also recognise wider risks relating to staffing, regulatory Compliance, safeguarding, premis8s, infiationary pressure, Utiltiies, insurance, parental confidence and the wider economic environment. 11. Trustees, assessment of the financial position year ended 31 August 2025 showed a dfficult historic position. The accounts confimi that the school was carrying financial strain, with an increased deficit. pressure on working apital. high debtors and rislng costs. The twstees also recognise that the school has continued to make losses during the 202 26 academic year. principally because of pupil retention challenges. This has made the current year a difficult bridge period. However. the tr(￿te05 do not consider the August 2025 accounts to be the decisive measure of the school's future prospects. From September 2026, the school exp￿ a materially different position. The sclKJoI anticipates stronger main school numbers. stabl8 kindergarten numbers, the implementation of the kindergarten restructure, and a wider suite of cost-saving measure$. Together. these create a credible route to a significantly improved financial position from the 2026-27 academic year. The Board's immediate task is to manage the bridge period carefully. maintain confidence and discipline. and ènsure that the September 2026 projections are delivered. 12. Plans for future periods The trustses. priorities for the next period are to.. strengthen pupil retention., • continue focused admissions activity., convert enquiries and tasters into confinned places" maintain clear and timely communication with parents., manage aged debtors and fee collection closely" • encourage advance fee payments where appropriate; impl8ment the kindergarten restructure.,

deliver Villder cost-saving measures from September 2026: • maintain careful cashfiow monitoring., keep the reserves position under review; continue strengthening govèmance, risk management arKI Board oversight. The trustees believe that, while the historic and current financial position is serious. the school has a ¢redible route to a materially improved and sustainable position from September 2026. 13. Statement of trustees, responsibilities The trustees, who are also directors of Nant-y-cwm Steiner School Llmited for the purposes of company law, are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. Company law requires the trustees to prepare financial statements for each financial year. Under company law. the trustees must not approve th8 financial 3talement$ unless they are satisfied that they glve a true and fair view of ts State of affairs of the charitable company and of its incoming resources arKJ application of resources, induding its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: • select suitable accounting policies arKJ apply them consistendy,. obse￿& the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; stale Ythether applicable UK Accounliro Standards have been followed, subject to any material departures disdosed and explained in the financial statements" prepare th8 financial statements on the going Con￿rn basis unl8SS it is inappropriate to presume that the charitable company will continue in operation. The trustees a￿ ￿sponSible for keeping adequate accounting records that disclose with rea50nable aGGuraGy ilt (Iny tin)e Ihe financial position of the Gharitable Gompany and enable them to ensure Ihat the finanaal statemerrts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and for taking reasonable steps for the prevention and detection of fraud and other irregularities. 14. Approval This report was approved by the Board of Trustees on linsert date] and signed on its behalf by: Signed=

Name: Mlke Hargreaves Position: Chair of Trustees Date: 2110512026

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustoesjdiroctorsl members of Nant-v-cwm Steiner School Limited On accounts for the year ended 31" August 2025 Charity no.: 510849 Company no.: 01527406 Set out on pages I report to the charity trustees on my examination of the accounts of the Company for the year ended 3110812025. Responslbllltles and basls of report As the charity's trustees of the Company (who are also the directors of the company for the purposes of company lawl, you are responsible for the preparation of the accounts in accordanGe with the requirements of the Companies Act 20061.the 2006 Act'i. Having satisfied myself that the accounts of the Company are not required to be audited for Ihis year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as ¢arried out under section 145 of the Charities Act 2011 ('Ihe 2011 Act'l- In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 14515llbl of the 2011 ACL Independent examinerfs statement The company's gross income exceeded £250,000 and l am qualified lo uwidei liike Ili¥ ¥xaniiiiatioii by being a qualified member of A550Giation of Accounling Technicians IAAT) I have LQTTipletEtJ my exainination. l Gonfirm that no material matters have come to my attention which gives me cause to believe that.. accounting records were not kept in accordance with section 386 of the Companies Act 2006," or the accounts do nol accord with such records- or the accounts do not comply wilh relevant accounting requiremenls under section 396 oflhe Companies Act 2006 other than any requirement that the accounts give a 'true and fairf view which is nol a matter considered as part of an independent examination., or Ilie clLLuuiils Iiave iiot been prepared in accordanGe with the Charities SORP IFRS1021. IER October 2018

I hg¥&iAO 08ncems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Slgned: Dato: 21.05.2026 Name: Mlss Gwenno S Eynon Relevant professlonal quallflcatlon{s) or body lif any): AAT Addre8S: Glan Gwaun, Pontfaen, Fishguard, Pembrokeshire. SA65 9SG Section B Disclosure Only complete if the examiner needs to highlight material matters of concem (see CC32, Independent examination of Chariiy accounts.. directlons arKI guidance for examiners). Glve here brlef detalls of any Items that the examlner wishes to dlsclose. IER October 2018

Nanl-y-cwrn Steiner School L1mileLI C.liaril No CrJoin3 No Annual accounts for the eriod Period end date Period start date 0110912024 To 3110812025 Section A Statement of financial activities (including summary income and expenditure account) Restricted income funds Unrgstricted funds Endowmgnt funds Prior year funds Recomm8nded catogorigs by activity Total funds Income (Note 3) Income and endowments from: Donations and legaryes ani80￿ activii*s F01 F02 F03 F04 F05 Sol S02 2,364 383.640 11.227 172 11,477 13,841 383,840 11.227 172 4.000 344,620 3,953 Olhertrading aclN¢tse5 Inveslfflents S03 S04 Separate material item of S05 Olher Total Expenditure {Notes 6) Expendlture on: Raising fund5 Chaniable actmtses SO8 sui 397,402 11,477 408,879 352,775 S08 S09 464,780 6,749 471,529 389,423 Separate materi81 oxpen5e itèm Other 810 S11 Total S12 464,780 6,749 471,529 389.423 Net incomel(expenditure} before tsx for the reporting period Tax payable Net incomel{expenditure) after tax before investment gainsl(losses) Nel gainsllb5sesl OTr investmen15 S13 67,378 4,728 62,650 36,647 S14 S15 67.378 4,728 62,650 36,647 816 Net incomel{expenditure) Extraordinary items Transfers between funds Other recognised gainslllossesl: S17 67,378 4,728 62,650 36.647 S18 S19 Gains and losses on revaluation offixed assets forthe cnanys Use Other gain51llossesl Net movement in funds szo S21 S22 67.378 4.728 62.650 36,647 Reconciliation of funds.. Total funds brought fomard S23 Total funds carried fonyard S24 67,378 4,728 62,650 36.647

Nanl-y-C'Nn Sleinei Sihool Liniiled Annual accounts for the period Section B Balance Sheet Start date.. 01.09 2024 To pÈriod Ènd dale.. 31.08 2025 Restriclcd Vnrestrlcted Income funds funds Endowmettt Total thls fund5 year Total last year Guidanca note Fixed assets Intan9ible assets Tangible assets eritage assets Investments F01 F02 F03 F04 F05 INote 151 (Nots 141 (Note 161 (Note 171 Totsl fixed as$ets 801 802 351.414 4,574 355,988 351,343 351.414 4,574 55.988 351.343 Current assets Stocks Oebtors INote 181 (Note 191 73.527 73.527 46.839 Invèstments INote 17.41 Cash at bank and in hand INote 241 T¢Jtsl cuKrpnl 455ets 26,188 73,027 BIQ 12,G99 .699 Credltors: amounts falllng due wlthln one year Notc 20} 137.444 137.444 70,588 Net current4sseW(Ilabllltlgs) B12 24,745 24.745 2,439 rotal assets less C￿￿ent li•bilities Bl3 353.782 Credltors: amounts falllng due after one year (Note 201 Provislons for liabilityes 814 174,939 8,977 183,91S 144,376 B15 Total netasséts or Ilabllldes Funds of the Charity Endowment funds (Note 271 Restricted incomè funds (Note 271 Unro5tskGted funds Revaluation reserv• B16 151.730 4.403 147.327 209.406 B17 BIB OIF 111,840 259.167 111.8AO 259, 167 4Q,761 259,167 82 Fair value reservè rotal funds B22 147.327 147,327 209.41 The compsny wa* gnlftl•(I to •xwkTrptinn fmm avdlt uttdèrs477 of the Companfflès Act 2006 relatlno tg small companles. The members havè notrequlred the company to obtain an audit In accortlan¢e wlth sectlon 476 of thé Companles Act 2006. The dI￿t0￿ acknowledge theirresponsibilities for complying with the r¢qulrements ofthe Companl•s Act with rospe¢t to These accounts have been prepared in accordanc• with the provi$lons wlleablè to small companl8s subject to the small companies regime and in accordance wlth FR5102 50RP. Signed by one Oft￿ tru8t88sldirectors on behalf of au the trusiaesld%re¢to Print N8rDe Dale of approval ddlmml 221051Z020 MrMWHa rea¥e$ Shanature of directorauthenlicating a￿￿nts beiThJ sent to Cornpani88 House sigiiature Oate ddlmml 2210512026 MWHa CC178 IExcell 2910512028

Scction C Note￿ to the ¢lCCOUlIts Nots 1 Basls of preparatlon 1.1 Basts of a¢caunting These accounts have tren prepared underthe historical o)st c￿ventIon wlh items r8cognise(l at cost or transactson value unless otherw8e stated in thè relevant notelsl to the8e accounts. The ar•))unts have been wepared kn acmrdance wlh: th& Stalerrnntof Racornwthded Prat¥: A￿o￿nting and Reporb"ng by Ch¥ibes preparing their 8c¢ounts in aceoftlance with the Flnenoal ReF¥Jrt5ng Stsnd8rd gpplicable in Ihe UK and Republic of Irelar#J IFRS 102) issu8d on 16 July 2014 ' and with" gnd wih. thg Finanual RepoTbng StaThJard appl￿b￿ in the United ￿ngdoM and Rewbltc of lffjland IFRS 1021 ' and Y•ilh the Chwitse$ Act 2011. Tha charity tr)n8litute8 a publk tén￿ entity as defined by FRS 102." ".Tkl(85 apwwate 12 Golng ¢on¢em Mthernarn materfaluncertalndes rnlatod to ¢v•nts orcondttlort$ tha¢ ¢astslgnlffcantdoubt oft th• abllltyto cortlnu•as a golng ¢oncem. pleasepmvld• th• followlng datsiis orsl•t• "Notapplkabl•-, 11 An eXpknats'￿ as to those fa¢toTr that support Ihe condu$tr¥n thatth& tharity is a going Including ¢ash IMlan¢•s. forecastlncom• lultlon f••s Ihatthe charftyhas adequato rnsources to ¢onJnue In Disdosure of any Lmcertaffities that make the going ￿nI￿n assumption d￿btrul. Where 8¢XOLmts are not wepared on a going concem basos. pl&ase dSsdose this fact togethervAth the basis on whth the tru8tep8 prepared the accounts and the Teason why the charity is not regordgd as a going con¢em. PIIA 1.3 Change of accounllng polky The eccounts present a true and fair Aewand no changgs h8ve t4en mgd& to Ihe accountlng wlldes &Jopted in note I l. Yes" "_Tid( as aFgwpri•l No- PIw8 thclose.. (IJ thonath of th• ¢hanp In a¢¢oundngpt>lky.' (11) the rn•sons why •pplylng the new•¢¢oundiigpoHcy CC17# (E￿1)

flllj the amount olthe adJusthJ•ntlor&ch Iln•affe¢tod In tto euRr8ntperiod. •achprlorp•rfodpres•ntsd and th• aggrngote amount of th• 8dJuslmentrnladng to perfods belore thosepresente4 3.44FRS102 SORP. 1A Changes to accountlng esllmat•B No cknanges to accnunting esllmatss have In the reporbThJ pwiod13.46 FR81U2 SORPI. '.rK 81 appr No. (4 the naturn of any ¢h•nges.' Illlj whernprncdcabk. the effvctofth¢ ¢hongeln one or 1.6 Materfal priory•arerrorn No rnaterial WIOT ear error have been itjentified in the r Ye¥" pariod 3.47 FRS102 SORPI. No" -TKk a$ approprille Please dls¢los•." the nath of the prtorp•rlod •ffor.' (w roreach prforpertodpresentedin tho accounts. lh• (111) the amourt of Ihe ¢orrn¢don attho beglnnlng of Ihe CC178 {Excet)

Note Z 12 INCOME Aetountlng polld•8 ol Tlw ?tgirKlud¢d In IWA)th•h.' tti$M0￿ Ilkelythan notth81 ihe truste6sill ￿¥6 the rtswjr￿.. th8 rnone￿ry csn I￿￿￿5u[ed 8Lrffitiwiffffj•tiW. Yes" TrAro of￿¢15 ar Inc£fflpand uTrB5 rWLuredorPen￿1tted FRS 1W4SOAPorFRS 102. G￿&and￿￿8￿COl9fO0n￿l￿CIUd•o In the SoFAfiW trgèrralthgJmg rwn iknia M(5.10b) 5.12 FRS102 SQRP). Y85" Nla. r￿rf￿m73nCÈ[elalÈd grants. mu&tOn￿be to￿0A￿￿t ItrAI ihe cWh•¥ ptry4idtyJ tsspedfted w%ryEusosenUUemernl tothfrg￿ ¢MtyLxxurntsn rted tyWswoffl1&18FR$ 102 SORP). Yes. Le9Hdes aFelndLthd iTrtreSOFA%then t￿lF¢ ￿ prrkntye. Y4,whÉn them h88 twn wBntor•te, the exetJJtorn h￿￿1￿￿h0oth￿lth9r?Ore Yjmuertas￿g In thee51aand arycondib)Maii8trtsJ Dwcontrtl￿th8 Ye$. No. I￿A￿l ￿VatIo181nCWed in a ¥aTIO dea818￿ ¥tynmedont•. &ftAKl¥wufflrero¥ered cnadona¥on L81•nth1ered loté pwlofllkplMand its wted ￿¥￿ 8dclbonb)the same fvndatsthe knbal¢lon•kn un￿68 the Lknororb)e T•x rnclalm• L d¢Nwiions •ndglft• ConlractsbillncL¥n•and TMslsthinchhlEdin th•SoFA￿ce tho drityrthpityrfW•dtrrel•tedwKxlJr No. W8. Tre¢o8t of8rtytrJ ofgotytsdonated fud8irfbukn totrthWe5 is deEnd tob8 th8fètrv￿U￿cItho8fr￿As4tth0 thTraofthwKecdpt •nd they 8rerecw1￿ ¢47 r¢¢4pL Inthe worfng pertthy Inth￿theStr￿s8fa1knbJtYts0. th•¥gre ret(wW •s#n trryn olherlRdirgathiteg ￿tha 0)ffe¥ondiry re￿nN¢￿ intrbaitr No" Giftts forwtyth8dwlty•rothrJLhled knthtrStsFAts1r¥￿I￿4kn8lknI NO. tAlth8n equl¥akntanpyJrfr•xgrd as8nweMo¢w#J•rttsaFvowl•thoadb¥J ui th•SOFA. Ye$. ¥￿nI•￿h*1P InMm•from lThtoYwL ThWl$lnrathJlnth?gr<wntsTrhthEn L¥ob•blèwd NO. CC17 FRS 102 80RP 21105f2026

lTr¢om¢from mBrnbhlp ￿￿￿￿1p6￿¢￿pkn$rOC￿d rAbJreof8 0rf18fownW In 0￿￿￿>1$ Lffja(le& I￿￿#nt•da￿￿•reQ￿¥M￿L¥J0o1ThtrP SoFAtsn are Th￿t(s.10t00.l2 FRS102$0RP) a￿1 8M IrxbJtsJ a8aTr•nofG4Iw In(J)Tln ihe SOFA Yea. Nla. 7hI￿deIaryre￿Wtyy tyurde8LW o•kn¥ artygapi LY¥ re8￿Jr￿JfrOm rtythir•lmwtyWtstomwke¢vautralth&th￿rfth8 No. 2.3 EXPENDITURE AND LIABILITIES L1th1￿are rwnwvthe￿ttI$fftte Ilketyth•n l%a hoal c£ffjstruth&Obli0au￿ comm0jrym2chaiity￿￿lXrt￿9Ourf￿9/ndthE amDurrtLrfU O￿￿3b'c￿e9n b8 measuredvath rea￿￿blo(￿rI&lty. Ye$" Wa" GrNern9￿Cl)￿ tomplanc8ith re9uW￿￿d gwd pra¢tr. SuppJtois iNJude¢entralJnrknsarK1h8w be¢n 81rtd loathityCti Y88" Yes. flfyyareo¥. ilalfcc4ts 14nts wlth p•rfomi•n¢• IMOreth?thityghwogrnThtwihcMd￿k￿fyrt￿ paymentbw"r4 a¥euficW of ser¥iEecquJWID S￿h9￿n￿are SOFA thKthe No. Gr•nts payable wlthout WThE[ethe￿￿e n00Adts￿¥t￿lrg{tstheV8nttha1wat•MB ihe thorchltyk) No. Ye$" Iledth￿•RayM•l No. Nl Nla" Crndltorn Afjawty r D)standl￿ wJbwuEll Pro¥J￿rOrI1•wIIIIo• Tha5u￿d atlhebe5te8101oQf￿airthntr8qul￿dI0 tththeoiqW"onalth 88gkflr•ncl•l For•arW 10.7 FRS102 SORP. sWwttM￿w￿rr￿￿1sa1p8rP￿VWrf 11.17 10 11.18. FRS102 SORP. 2.4 ASSETS Tanglble fftxed Tlw be uxd (folall￿t uwby¢hir Nts. hg$inlawI￿fjx8O48a8ts. that l& Mnllrnonelsry atsaets thatdo njt have 16N•d 51￿￿N¢9 b￿1 afvld8nVfj8bl¢andar&ts)ntro1￿fytha raAtythryBh gjs 8riwfjlo lechnobJK4 ￿er￿rO￿n￿1q￿1l￿%￿8l￿e￿ 8nd rnBIn￿￿ed wnciP￿￿Ttsr￿etrewthb￿1knn tokncledueand4xthm. Th•1¢p￿ la18$8￿ m&lhod¥ u￿d a3dtstk•ed inTrXè16. Nla" Flxed a￿tIn￿￿ents In quthj Btsreo, tr•ded sfftl8rlnw8tyn¥Ae ued at Inth•ltyal rg&HI ond yJtWu￿￿•tfy1r￿i￿ ltyotrrnKtwaiu&l 8lth&yw th1d. Tr8èm0tr88tyenl 14 Ipphed tounVAted irh¥eslments wfrYl￿t￿nOttse case m•88utgd Bl¢481*s ImpaLrm?nL Y85" torreuieorpondffrfJ ondcuih etyll¥aknnt•%th o No. CC17 FRS 1W4SQRP

mabjrttydats of18￿￿￿ 1 >Yar•￿trIlasfjjIr8Trlas￿tlrhty￿ Nla- ¥akn bed onthe PDntsl p￿ded byllem8of8￿. Work wlu¢datXXt1888artyfornsee Vk&i+)etJJrtM th• NO" Oebtorn IMduthffjl18tsdebicrfsand ￿e￿r￿J¥a￿1e) are rnoasured cn iroil i￿￿ ai s&￿￿ment￿￿JDtsfteranytra￿edl&wunbC¢1fflOu￿t2{fvan¢￿dtythe ThL*ath haslnvesbm8ntswhich ith0￿S￿￿88I￿ w ￿n￿79th￿ra816￿d ￿¥h tash • m8tyttyltstelesstheTh￿6￿r. Theso oThlep)slt hebJ(t¢ rthrlkqn tOrreet￿￿t4enn¢9¥h du8. No- No. Nla" POUCleSAOOPTED ADDITIONAL TOOR DIFFERENT FROM CC17 FRS 102 SORP

Section C Notes to the accounts Icontl Note 3 Income Rmtrjctsd UnreS1￿et4d Inr¢yn& Endowmnt lunds lund• Analysis of income Totsl fund5 PrtDryèar Donati¢)n$ and ièga¢ie$'. Donations and Gill Ai(J Le acies General grants proviued by govemmenuoiher charities Membership subscription5 and sponsorship5 whirh ArE> in subslanr£ donations 3.472 3.472 10,369 4.000 onated goods, fatylilies and seNi¢e$ Other Total 13.841 13.841 4.000 Charitable activities= Educationa5 fees 383.640 383.640 344.820 Other Total 383.640 344,820 0thgrtr#dlng activityès: FuiTQdisifi events 11.2ry7 11.??7 3.953 Olhei T¢tsl 71,227 172 11.227 172 3.953 In¢om8 from inve8tm8nts.' Interest incorne Dividend income Rental and leasin Other income Totsl 172 172 Sèpsra material item of inGome Total Other.. Conversion Of endowrnent fijnds into income Gain on disposal of a tangib￿ fixed 8¥5el helcj for chan '$ own use Gain on dispos81 of a programme related investment Royalties from the exploitskn.on of intellectual Other Total TOTAL IN¢OME 408.879 352,775 Oth•r Inforrnitl¢thn' All In¢om• In thg prforyoarw¥$ unrgBtrlcted •xc•ptfor'. Iplease provlde descrlpllon and amountsl Whor8 any endowm8nt fund18 converted ito Income In tho ¥èportln9 period, please lllve th8 ro3son lortho ¢onvevslo. Whfrre any ondowment fund 18 Convert￿ Incomtr In tho prlor PBrlod, pleaso gIv8 tno rfra¥oii foi ino convprslon. Wllhln thè Incomp itoms above thè following itsms are m&tsrlal'. Iptea80 dls¢lo8• th8 nature. arnount an¢ any piloi year amounts) CC178 IExGell 2710512025

Thlw y￿r Whgrn8umB 0￿￿MIty￿•￿QM[n0ttd knforelgn CUTT￿¢Y bwi Ineludod In Incomo, gxpLoln tho b•&l8 on whlch thowsums ha¥0 bean I￿an￿ltsd Irbt¢+Stwllng lor rrllney In whlch th•4tt0urf¥ upl. L•lty￿r orfyln•llynomhTr&tsd In lowelgn curr•ncy hav• boon InElud8d Im lrteoma, oxplHln th• bMIs • whl¢h ¥umffs havo bpon tr￿$1•￿￿ Intotstsrflng lorth• In thkh upl. CC17a {EX￿1> 27￿&2￿26

Section C Notes to the accounts Icontl Note 6 Expenditure Th18 year Restii¢i¢d Incorno fund5 Last year Re&tri¢ted Unte$trict8d Incornfr fuTrds funds Un¥estri¢ted luthds Endowment funds Endowment funds Analysis Expenditure on rnisln funds: Incurred seeking don8lions Incurred aeeking legacie¥ Incurred seeking grants Operating mernbership scheme5 and soli81 lotteiies Staging fundraising èvents Fudfaising agents Operating ch8rity shops Operating a trading cornpany undertaking non-charitabla tradin Advertising. rnarkeling, dire¢t mail and Tol81 lun(l¥ Total lunds activi stsrt up costs incurred in generating new SQLJrce of future income Database developrnenl costs Other trading activities Investment management costs.. Portfolio rnanagefflenl costs Cost of obtaining investment advi Inve51menl administration costs Intellectual property licencing costs RÈnt cx)Ilection. properfy Tepairs and rnaintenance ¢harges Total expenditure on rni$lng funds Expendlture on charitablè actfivlties: 471.529 471 fj?q 389.423 389.423 Totsl expenditure on charitablg activiti•$ 471,529 471.929 389,423 Se arato material item of expense Total Oth•r Total othei exF¥VFidilure TOTAL EXPENDITURE 471.529 471.529 389.423 389.423 CC17a IExcell 2710512026

Anatysls of expendlturn (bn eharllable a¢iivilies Th18 Last Acttvltlos undertaken dlrg¢tly Actlvttks ndgrtaken dlwe¢lty f•nt fvndlng of AGtl¥lty or progr4mrno fundlnp of suP￿rt T••al Tra•1 year Other Th1$ yoar. WhFro sum$ ortglnalty denomlnated In fo￿10Th currency ha¥• be•n I1￿l￿d¥d In èxp•ndlturo axplaln th• b￿[9 on whlGh th099 sum5 been lrnnslathd Intr•*rflng Iortho cunvnGy Intwhlch th• accounts wo drnwn up Last y••r. Whern ￿m9 orlglnally dènomlnated In forntgn curr•n¢y ha¥• bBon Includ•d In ex￿ndIt￿re, trxplaln ba818 on whlch thoso sums have 11oen traMl•tsd Into storflng (Orth•￿1{￿nc￿ In whlchth• accounts arn drawn upl. CC17a (Excell

Section C Notes to the accounts Icontl Note 14 Tanglble fixed assets Please complètè thls note rfth• charity has any tangible fwèdassets 14.1 ¢o¥t gr Yaluotion Freehold land & burldings Other land & buildlng$ PlanL machlnery and motor vehicles Fixtures, fltting$ and equipmÈnl Totsl At the bgginning of the year Additions 350.￿0 l.n70 351.343 5.118 5,118 Revaluatir>ng Disposals Transfers" At end ol the year 350,000 273 6,188 356.461 14.2 Dèprèclatlon and Impaimients -8asis SL or R8 (Straight Line or Redu¢ing 8alancel SLorRB SLorRB SLorRB SLorRB At beginning ol the year Disposals Depreoation 273 771 1,044 Impainnenl Transfers. At end ol the year 273 771 14.3 Net bgok value Net book value at the beginning of the year Net book value al the end of the year 350,000 273 1.070 351.343 350,CK)O 5,417 355.417 CC17a (Excall 2710512026

14A Impolmwnt mst•ne•s that 18d£o th• rncognlllon orrevetsal of 145 R￿lUItIon ThIB year L•8t y8•r the caryhig amount thatwould I￿¥9 b••n r•cognlsedhad the boén eanled undwthe costmgd•l. Qlher dh¢1￿ur•4 Th1¥ y•ar Last year (D Ple￿*41a¢0 th• amount of I￿rowIng eosts. If any. ¢wIls￿l￿ tho Constr￿ of eantybl• fix•da8sets •ndth• e•pll•llsadon rnt• u$•d. (11) Pleas•pmvlde th• amountof confrnctual Commitm￿ lortheacqutsldon of tanglI￿e fixedass•t& (Illj l)gtylls of th• •￿e and ¢anylng amounts ofprop•ity. plartand ¢uiityforll•bllhl•& . The Ir8nsfers"rowis f0rmovementsbets￿e￿ fixed a&setG8t8gorte$. -Re8se Ind￿8¢e the method ofdepreciation bydelebry Ihe m8&Wnotoppfv¢8bb (SL= strwghtline.. RB. rndumgba18nce). Also CC17a (Ex 27105120X

Section C Notes to the accounts {cont) Note 19 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments. 19.1 Analysis of debtors This year Last year Trade debtors Prepayments and accrued income Other debtors 63,066.9 10,460.4 42,661.7 4,177.4 Totsl 73,527.3 46.839.0 Complete 19.2 where a material debtor is recoverable more than a year after the reporting date. 19.2 Disclosure of debtors recoverable in more than 1 year {inGluded in debtors above) This year Last yèar Trade debtors Prepayments and accrued income other debtors Total CC17a (Excel) 2710512026

Section C Notes to the accounts (cont} Note 20 Creditors and accruals Please complete this note if the charity has any creditors or accruals. 20.1 Analysis of credltors Amounts falling due withiii one year Amounts falling due after more than one year This year Last year This year Last year Accruals for grants payable Bank loans and overdrafts 30,856 114,376 Trade creditors 10,037 3,861 Payments received on account for Contracts or pertomiance-related grants Accruals and deferred income Taxation and social security Other creditors 14,678 112,729 137,444 3,010 63,717 70,588 153,060 183.916 30,000 144,376 Total 20.2 Def@rrod income Please complÈtÈ this note if the charity has deferred This year Last year Please explain the reasons why income is deferred. Movement in deferred income a¢count This year Last year Balance at the start of the reporting period Amounts added in current perlod Amounts released to income from previous perlods Balance at the end of the reporting period Li ia (Excell 2710512026

Section C Notes to the accounts {cont) Note 24 Cash at bank and in hand This year Last year Short term cash investments {less than 3 months maturity date} Short term deposits Cash at bank and on hand Other Total 39,172 26,188 39,172 88 CC17a (Excell 2710512026

Sectioii C Notes to the accounts Note 28 Transactions wlth tnA8tees and related partles Mth• ¢h•rfty has any transacelons wtth rnlatedpartles (otherthan the this￿ expens￿ explalnedln 9uldanco notss) d•talls of such bansactlons slNJuld beproVId￿1n thls not•. Kth¢rn are no transact￿ to roport please ontsr Yruo"In tho box or"Falsv- Mthern arn tronsaetlons to report 28.1 Trustee remunerati¢>n and bèneffts Thbs year Nono ofthe tru￿t￿8 Ixn pald aTry remun•rallon or re¢elv•d any olhor b•nefft• from •• •mployThntwlth ltt•lr ¢harfty or a r•latad enbty (Tn￿ or Fal801 TRUE In th•perlodthe ¢harfty haspaMtrustW5 andlMMfft Pl••s• glv• the amountof. andlegalaulhoity (or, nyrnnun•rakn orotherben•fitspaldto a tnth¢eby th• ¢harftyor•nylnsllhthn orcompany ¢onn•eted wlth IL Anounts paid or b•n•fft¥aluè Logal •uthorlty1og order. gov•mlng do¢umont) Rodundancy (h￿lUdIng loss of offi¢•y•x TOTAL ¢ontrElxrtlon Hea¥9g￿ d•laHs of why remun¢r•rfon orother employment l)en¢fits Wéfepald. pmvld•an oxpl•n•rfon of the natyrn of th• paymenL amount of th• relmbuts8mnL CC17a (Excell

Last year None olthe trustees have been paid any rtrmunerntSon or rèeelved any other benefits from an employment wlth their charity or a rèlatèd entlty (True or Falsel In the pèrlod the charity has pald trvstees remuneratlon and benefits. Please glve the amount of. and legal authority for, any remunerntion orother benefits paid to a tmstee by the charlty orany Institutlon orcompany connected wlth It. A￿oUnts pald or benefit value emunerauon yen510n contributlon Reaunaancy (including 1055 of officeV8X gratla OtheT TOTAL Legal authority leg order, governin9 documerhti Name oftru5tee Please give detailiTr tsfwliy rEiiiuiieKatlgfj or olher employmejryt bènèfts were paid. Where an ex gTrtia payfflent ha5 been made to a trustee. provlde an èxplanatlon of the nature ofthe paymenL If a thlrdparty has been relMbU￿ed ftirproviding one or more trustees. state the nature of thepaymènt and amount of thé r•1mbu￿ernQnt. State the number of trusroes to whom rebrement ben are accruing under a dellned contribution pension schwne. 28.2 Trustees. expenses If the charity ha5 paid trustees expenses for fulfilling thelrduties, details of sueh ￿nsaCtIonS should b•provided in this note. If there arn no transactions to ￿port plèase gnter"Trué" in the boxb•low. Ifthere are transactlons to report plèas èntÈr'False". No trustee expense5 have been Incurred ITrue or Falsel Lost year Type of expèn￿$ r8imburned This year Travel Subsistence Accommo¢ats"on Other (please specify).. TOTAL CC17a IExc811 2710512026

Please provlde th• numboroftruBt•ts rnlmbuTred for orwho had 9xp9M￿ pald ty ts chrlty 282 Transathin(s} wilh r•lated parties Pl•as• glve delams of any tr•nsacllon undwl•lr•n by(oron lhaff oo the charftyln whkh • rnIa1vdpatyh￿ 8 maierfal Inlvres£ Ineludlng whern fun(ts have b•en Iwdas agent lorrelatodyrtles Ilthw•arn no su¢h trnnuellons. pleas• ffiter InM'An Ihe boxpmvldo Thls year There have btèn no r•latsd party tyanBaclloM ln the rnportlw wlod (Truè lx F•l8e) Nam• ofth• Irugtse or rnlated party R•latlonshlp to ¢h•rlty Amoutht Blan¢o at perlod end Pro¥l•lon for bad d at wlod •nd durtng portlng 8rlod trnnsacllon(¥Jl In r•latlon lo the abov4 pleasepmvlde Ihe temjs andcondlllons. Includlng any$•curltyandth8 s•ttlement Foranyrèlat•dparty, pl8a8epmvlde detalls ofany Last year There ha￿ be•n no r•l8t¢d party trdn•actl¢rn In th• reportEng w14xI ITnJe or FalB•I Amounts wrltten o durfng r•portlng perlod Nam• of the trust Or￿latsd party Rel•donBhlp to ch•tity Descrfpfjon oftho tran8actltsnl$) Amount Balance at perlod ènd Provl$lon for b8d deb1• at perfod end MrMWHa Tru$t• Loan The tharity re￿Ived a loan fromtrustee frArfrA W H•r8rea￿soft IS Jawary 2024to refinanceexlstlng borrowlng. The loan prirtclpal athancal was£146,1]l)J,wlthacrNed interertbrlnBinKthe balarK t)utstsndthg at3tstAugurt2025to£153.060. Interest ispayable at 2% ab)vethe Bartkof E￿laft￿ base rate. The loan Is Secu￿ on propertie5 owned bythe charity. Underthetermsa8reed,the tharty Is not requwed to make ptymentsofcapltsl orinterestdurirythe minlmum termof yearslrom thedate of the loan. In rellon to the transa￿nS abov•. p￿•S•p￿vIde th temis and condldons, Incluthng anysecurltyandth• natur• of anypaymene (¢onsldernllonJ to beprovldvdin No ann1￿*re or rec¢N8d ID Wel8￿0￿ lolhi8 loan. CC178 IE￿1> 27105r2026