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.

4. 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.
5. 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.

6. 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.
7. 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 tr*en 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$M0￿ Ilkelythan notth81 ihe truste6s*ill ￿¥6 the rtswjr￿..
th8 rnone￿ry csn I￿￿￿5u[ed 8Lrffitiwiffffj•tiW.
Yes"
TrAro of￿¢15 ar Inc£fflpand uTr*B5
rWLuredorPen￿1tted FRS 1W4SOAPorFRS 102.
G￿*&and￿￿8￿COl9fO0n￿l￿CIUd•o In the SoFA*fiW tr*gèr*ralthgJmg rwn
iknia M(5.10b) 5.12 FRS102 SQRP).
Y85"
Nla.
r￿rf￿m73nCÈ[elalÈd grants. mu&tOn￿be to￿0A￿￿t
ItrAI ihe cWh•¥ ptry4idtyJ tsspedfted w%ryEusosenUUemernl tothfrg￿
¢MtyLxxurn*tsn r*ted ty*Wswoff*l1&18FR$ 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
thee51a*and arycondib)Maii8trtsJ Dwcontrtl￿th8
Ye$.
No.
I￿A￿l ￿VatIo181nCWed in a ¥aTIO dea818￿ ¥tynmedont•.
&ftAKl¥wufflrero¥ered cnadona¥on L81•nth1ered loté pwlofllkplMand its
*wted ￿¥￿ 8dclbonb)the same fvndatsthe knbal¢lon•kn un￿68 the Lknororb)e
T•x rnclalm• L
d¢Nwiions •ndglft•
ConlractsbillncL¥n•and TMslsthinchhlEdin th•SoFA￿ce tho d*rityrthpityrfW•dtr*rel•tedwKxlJr
No.
W8.
Tre¢o8t of8rtytrJ ofgotytsdonated fud8irfbukn totrth*We5 is deEn*d tob8
th8fètrv￿U￿cItho8fr￿As4tth0 thTraofthwKecdpt •nd they 8rerecw1￿ ¢47 r¢¢4pL
Inthe worfng pertthy In*th￿theStr￿s8fa1knbJtYts0. th•¥gre ret(wW •s#n
trryn olherlRdirgathiteg ￿tha 0)ffe¥ondiry re￿nN¢￿ intr*baitr
No"
Giftts forwtyth8dwlty•rothrJLhled knthtrStsFAts1r¥￿I￿4kn8lknI
NO.
tAlth8n equl¥akntanpyJrfr•xgr*d as8nweMo¢w#J•rttsaFvowl•t*hoadb¥J ui
th•SOFA.
Ye$.
¥￿nI•￿h*1P
InMm•from lThtoYwL ThWl$lnrathJlnth?gr<wntsTrhthEn L¥ob•blèwd
NO.
CC17 FRS 102 80RP
21105f2026

lTr¢om¢from mBrnb**hlp ￿￿￿￿1p6￿¢￿pkn$rOC*￿d rAbJreof8 0rf18fownW In 0￿￿￿>1$
Lffja(le&
I￿￿#nt•da￿￿•reQ￿¥M￿L¥J0o1ThtrP SoFA*tsn
are Th￿t(s.10t00.l2 FRS102$0RP) a￿1 8M IrxbJtsJ a8aTr*•nofG4Iw
In(J)T*ln ihe SOFA
Yea.
Nla.
7h*I￿*deIaryre￿Wtyy tyurde8LW o•kn¥
artygapi LY**¥ re8￿Jr￿JfrOm rtythir•lmwtyWtstomwke¢vautralth&th￿rfth8
No.
2.3 EXPENDITURE AND LIABILITIES
L1th1￿are rwnwvthe￿ttI$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$"
Wa"
GrNern9￿Cl)￿
tomplanc8*ith re9uW￿￿d gwd pra¢tr*.
SuppJto*is iNJude¢entral*JnrknsarK1h8w be¢n 81rt*d loathityCt*i
Y88"
Yes.
flfyyareo¥. ilalfcc4ts
1*4nts wlth p•rfomi•n¢• IMOreth?th*ityghwogrnThtwihc*Md￿k￿fy*rt￿ paymentbw"r4 a¥euficW of
ser¥iEecquJWID S￿h9￿n￿are SOFA thK*the
No.
Gr•nts payable wlthout WThE[ethe￿￿e n00Adts￿¥t￿lrg{tstheV8nttha1wat•MB ihe thorch*ltyk)
No.
Ye$"
Iledth￿•RayM•l
No.
Nl
Nla"
Crndltorn
Afjawty r* D)standl￿ wJbwuEll
Pro¥J￿rOrI1•wIIIIo• Tha5u￿d atlhebe5te81*01oQf￿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 r*aAtythryBh gjs
8riwfjlo lechnobJK4 ￿er￿rO￿n￿1q￿1l￿%￿8l￿e￿ 8nd
rnBIn￿￿ed wnciP￿￿Ttsr￿etrewthb￿1knn toknc*ledueand4xthm. Th•1¢p￿
la18$8￿ m&lhod¥ u￿d a3dtstk•ed inTrXè16.
Nla"
Flxed a￿tIn￿*￿ents In quthj Btsreo, tr•ded sfftl8rlnw8tyn¥*A*e
ued at Inth•ltyal rg&HI ond yJtWu￿￿•tfy1r￿i￿ ltyotrrn*K*twaiu&l 8lth&yw
th1d. Tr*8èm0tr88tyenl 14 Ipphed tounVAted irh¥eslments w*f*rY*l￿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•￿trI*lasfjjIr8Trlas￿tlrh*ty￿
Nla-
¥akn b*ed onthe PD*ntsl p￿ded byllem8of8￿.
Work wlu¢dat*XXt1888artyfornsee* Vk*&i+)etJJrtM th•
NO"
Oebtorn IMduthffjl18tsdebicrfsand ￿e￿r￿J¥a￿1e) are rnoasured cn iroi*l
i￿￿ ai s&￿￿ment*￿￿JDtsfteranytra￿edl&wunbC¢1fflOu￿t2{fvan¢￿dtythe
Th*L*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 i*to 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•lly*nomhTr&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• relmbuts8m*nL
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 l*haff 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
B*lan¢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 rel*lon 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