REGISTERED COMPANY NUTrIBER: 01141571 (England #nd Wale$) REGISTERED CHARITY NbMBER: 527521 RLPORTOF THE TRUSTEES AND FINANCIAL.8TATEMENTS FOR THE AR ENDED 31 AUGUST 2025 FOR 'I.MFIELD RUDOLF SI"EINER SCHOOL I.IMITED Murab Baker Jone5 Limited Statutory Aiiditors Rcgent House Bath Avenue Wolverh￿nptQrt W¢si Midland5 WVI 4EG ELMFIELD RUDOLF STEINER SCHOOL Lif4.IrrED CONTENTS OF THE FIIYANCIAL STATEMENTS FOR I'HF. YEAR F.NDED 3 I AUGUST 2025 Page RefereTh¢e And Admlnl$trgtlve DetaAIs Report of the Trustee$ Roport of th¢ Independent Audll•r5 7 to 10 Statement ol. Fln4n¢lsl Actlvitie$ BalY4rtee Sheet 12 10 13 C8$h Fl(bw Statement Notes to the Cash Flow Statement 15 Nott% to the FlnJDclg1 St*tement$ 16 to 28 Detalled St*tement of F5nAn¢iAI Actlvltles 29 to 30 ELMFtELD RUDOLF STEINER SCHOOL LIMITED REFERENCE AND ADMINISTRA TJI'E DETAILS FOR THE YEAR ENDED 31 AUGUST 2025 TRUSI'bES S Dawson (resigned 8.7.25) R H Pauli R Schieber L Keen lappoinled 8.7.251 S P Goodall13PP)ITiied 8.7.25) REGISTERED OFFICE Park Hill 14 Love Lane SiourbTidkFe Wesl Midlands DY8 2EA REGISTERED COMPANY NiNr BER 01141571 (England and Wales) REC.I.gTERED CHARITY NIIMBLR 527521 INDEPENDENT AUDJ'I'ORS Muras Ildker Jone5 Limitcd Sialuliiry Auditors Rcgcnt 14oii%e Bath Avcnue Wolverhampton Webt Midlands WVI 4EIi Page I ELMFIELD RUDOLF STEINER SCHOOL LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUCUST 2025 Thc trusttts who are also directots of the cEwrity for the pU￿oSe5 ()f the Companits Act 2006. present thciF repon with the fIt￿iCial stai¢ments of the cliarity for ihe yeaT ended 31 Augu$t 2025. The tnL$tecs have adopt¢d the PTOVibi(¥ns of A¢countlnbT and Rwvrttllg b>. ChaTSti¢s'. Statemcnr of Recommended Practice applicdble to charities preparing their ac¢ouAls in accordance with th¢ Financial R¢poning Standard applicable in the Uk and Republic of Ireland IFRS 102) leflectiv¢ l January 20191. OBJECTIVES AND ACTWITIES Objectiv¢$ #nd aims The principal objective of the charity as %¢1 oiit Ill the governing ducumcnt is the Jdministration of Eltnficld Rudolf Sieiner School Limited ILlmli¢ldi. The aims of the cbarity as articulated tkn'oiigh OUT ViSjOl1 StalcEneni outlined in our 5tratesi¢ plan are.. -To provide aD education based on an an11￿0pO50phi¢al undersianding of the developnjcnt of the growing child. To enstsre the CUJTLculum is r¢1¢Vk￿t through a¢tiv¢ research and in conjunction with the international Waldorf School movenieni 'ro provide our pupi15 willi the qualiti¢ation5 they need lo access (unher educalioii or eniploymelli opportutjities To strive to Tnake this educ&tiOll £Lccessibl¢ to children from a wider rajige of backgrouDds Our vision is Luidtrpinned by our mission.. "Our higlie%t ci)deavour bc to dcvclop fr¢e human bcing5 who arkn ablc l(F Ilnpart piiipose and direLiii>n io thcir liv¢s. The need for im(Igination, a sensc i)f tsiiui alld a lecling of respoiisibility these thie¢ forces (ITe tlie i'ery ncrve or educatiiin., Marie Siciner Publlc benefit Elnilield is slrivin8 to pruvid¢ a rich Waldolf cuni¢ulum as a prov¢n altcrnativ¢ to m#insir¢ani education. Elnifield al%0 works hard to ensure its f¢c$ and therelor¢ access to ils Wuldolf educdlion is reasonably aftordable lo families living locally ¢0 the ¥chool. the vast inajority of whom would othetwise not have the option 10 exercis¢ this ¢hoi¥e. In dddilioii to Cll¢ihling a gcneral Icvel of affordability, Elmficld also provides fee assi$lance for families in finan¢i&l difficuliy lin a ycar-i)ii-year ba.4iS. Elmfi¢ld is vcry aciiv¢ in Main￿1111￿¥ and d¢veloping links wilh its lo¢al commiinity and th¢r¢by providitlg events or public bci)efil. Page 2 ELMFIELD RUDOLF STEINER SCHOOL LIMITED REPORT OF THF. TRU5TTr.ES FOR THE YEAR ENDED.31 AUGUST 2025 STRATEGIC REPORT AchievemeBts and performAnee Charitablt activitie$ September 2024 aLademic year saw lh¢ continued d¢v¢lLipmcnt of the school and its provision of a Waldorflsteiner EducatioIi. In May 2023 OFSTF.D carn¢ to the s¢hool and a bjll inspection w&s undertaken. The otslcoJn¢ of the in5pectitsn was GOOD. During reporting p￿￿0<( the school esiablished a solid foundation of pupil attainrnent. particularly in core competency art&%. Th¢8¢ re%ults are a tcstanient to our pupils dedication alld hard work. Our aLademic strategy remain 5tcadtost.' cii%uring every pupil leave.% with the e8sential qualifications required for sucLessl'ul 1r3nsiiion into further educ8tioD and employment. The results in E.uglish and MathernatjC5, thc critical gatcway$ for post-16 progrebsion, are a ptsrticular highlight. 81 /0 or pupils uchieved a Grade 4 or abuv¢ in both 5ubjcclS, signific&ntly outpacit]g national 3verage5 tor basic proticien¢y. Furthermore. 36 /u reached & Gr#(Je 5 or abovc Idefjned as il quite strong p&%sl in boih. demonstrating a robust Icvel of academic depth. Beyond the corc subjecLq. pupi15 showed consisieDI perfom)anc¢ across a br0211 curriculum. 720/0 achieved 4+ GCSEts' at fjrad¢ 4 and above. 634/0 achicved 5+ GCSES al Grade 4 and above and 3(1'/o sccured 5+ GLSF.s at Cjrade 5 and above. CniLially, Ihi5 aLadeiiii¢ success tron%lalcd inlo tangibl¢ outcDnics. with 100'/4 of our pupils securing a pla¢e oil iheir rLrS¢-¢i￿ICe pust-16 ¢(>urse. While the 630/0 tlircshold for flve Glade 4+ pa%.%r.% is a blT()ng bLnchmarL we rects811isL a diiect correlation hctween our .nbili%lVMaihs su¢L¢sY k)nd overall pupil oulcomes. The fact thut over 8 third of piipil.% are dLhieving high-lier passcs IGTlllroll¢d by its goi'ciming document. a deed of trust. and Gonstitules a lin)ited company, limited by 8Liarantc¢, a.% defincd by tlie Companic.% Act 2006. Charlty con511tutlo Elmfield Rulloif Sicin¥r School Limiicd is a c()mpany limit¢d by guarantee and a rcgisiered charity. It is governed by and conslitiiled uiider ils Meniorandum aiid Article% tsf Association d&ted 25 October 1973 as amcnded by spe¢ial resolulLOiiS dated 8 Febiiiary 1990 and 5 March 2007 and 20 July 2021 The legal op¢raioi of the $chool is Elmfield kudolf Steiner School LiTniied. It i5 this body which appoints membcrs to the C'oiincil of Mandgenieni, who aTe ITh turn Ihe ITU%t¢¢5 of thc charity, and therefore answcrable tL) ihe Chdrity Commibsion. All Couiicil Incn)b¢r.% iirtdergo strict %af¢guardin8 procedures iiiiluding DBS check%. TFainiii8 and rcfr¢$her courses on IhciT r¢$ponsibilitics al-e an'anged IroLn litne Io lime. Tlie CouK)cil ineetb ilt l¢a$t six limes pLI year. Page 4 ELMFIELD RUDOLF STEINER SCHOOL LIMITED REPOR T OF THE TRUSTEES FOR THE IEAR ENDED 31 AUGUST 2025 STRUCTURE. GOVE11I4ANCE AND ￿(ANAGEMENT Organisation #fftd resp0tt51bllAtles -I'he DireLtors have amcndLd the ￿0VernOnCe $yst¢m to creatc {usillg a s¢hcme of del¢g&tion) a Board of Govcrnors Chaircd by Dr MelTryn Kersha￿. OBE,. The govcsnors as at F¢bruary 2026 arc. Dr Diana Pauli - MA Cantab PhD Justin GTey Matgaiet Davi%0 Cale Young To fulfil ihe objective% atjd aims tlic Council of Management has appointed a Prin¢ipal who holds overall responsibiliry lor management and l¢ad¢Tbhip within school. The Priiicipal 15 %UPPOrted by a School Lead 2nd a Senior l.¢ader.%hip Team. 'These arraTLgements will be further develop¢d over the cotnillg academic ycdr to embed line managcncnt of staff within t¢a¢hing. teaching siipport an ritJan¢ial administrdlion. Relatlollship thlrd pthrtlos Clnilicld School is a member of th¢ Steiner Waldorfschools F¢llowship. Rlsk man*gemtnt Coiiiicil rLgiilarly assesses the to which Ihe $¢hool is expo%ed and workq willi ihe PrillLipal and School Lcad to en.%UTC Iliai syqtenis or activitie.% arc in place Io rniTTrimise exp(>8iire to such risk4. Tinic is allocalcd at Council tncctiiigs to coiisider any iiewly identified riqk% C'nicÈal monitoring is don¥ l)y thc Fiiidnie TFuslcc tlhe Hcalilj aiid Safcty Commitrcc, us wcll a* hy the SenLOT L¢aiJer8hip Teain. lThe major ribk.% to which the %Lhool 15 exposed are financial and Hcalth safely. Our coniribulions 10 the pension deficit r¢main within budxei. PENSION SCHEM The charity belong$ ID ihc McTcury Provident Pcnsiui) SchcmL whicli is d dcfined benefit schen)c. Thi% is a collective schtyllic for d nurnbei of employ¢rs, in which Ilie scpardte liability relating to thL cliaiily can be id¢ntifiLd. The charity prknPdfL¥ aCCOllllts iii accoTdaiicc with Ihc piovision.% ()( Ihe CompJnLe% Act. 2006 applicable lo conipanie.% siiTr)Jc¢t to th¢ siknall CL)ii)pdni¥& resime. Tlie dcficil iii the Mcrcury Provident PL'i)sion Schciiie 1.% bein¥ funded by regular motitllly conti'tliiilions trum <111 i?aTIi¢iPJling cinplc)yers, includin¥ Elznfi¢ld. klmfield Iiali nii?nagcd th¢ deficit repayments and will eJLSUif its voicc is heurd irh all negotiations. The Pension Sch¢me Trustees are requircd to conimission an 8¢1uarial valuation of the sch¢1￿¢ every threc ycars. 1.he maiii piirp05e of the vuludtioh Is lo d¢temitne the financial position of tlie.schemc. in order to addre$s th¢ Icvcl of rc cotjtribulions reqiiircd so Ihdl the scheTDe ¢an meet its pen%ion obligaiitsns as they fall diie. Etnployers bav¢ requcst£d tliat a vttlualion be carricd out b). the Independen¢ Trutstee and negotiations about ihis Loniinue. A revaluation of th¢ ovctall scheme was performed as al 29 December 2021 by ll professionally qualified actuary. The mdrkei valiie of the scheii)e'5 assels al Ibe vdluJlion datc Wds L7.Omillii)n. Th¢ valiidtion rcvcale(l a qliortfall c?f compared with Ihe v21ue- of liabilitie% 01 £7.4inillion which viicoinpasscs the schcmc in 11% Cntircty. In rclation lo this Ihcse al'e both jOiLII 3Lid srvcrablc liabililics in the eveni of vther schcmc parties dcf4iulting on pdymenl. Thc dcficit is bcing repaid and annual payrnent% Lncreas¢ by 5tr/ts on l January each y¢ar. STATEMENT OF TRIISTEES, RESPoNsIBIL￿IE5 The tru%iees (who are also the director5 of Elinlield Rudolf Steiner School Lijniled for the PUTPOSCS of coinpany law} are responsible for preparing tlie R¢i)ort of the Tnistc¢% alld the finaTicial slatcnicnts in accordaiice wirh applici?ble law and ljnitcd Kiiigdojn Accoiinliiig 8tiher inftsrination, we are rcquircd to report that t2¢t. Wc have nothing lo report in thi5 r¢gaTd. Matters on whh¢h we Are required to report by exceptlon 'e have noihing lo report in le9p￿t of tlie followiii¥ rnalters where th¢ Charities (Accouiits alld R¢portsl R¢gulLltions 2008 requiTe5 US tu report to yL)u if, li) OUT opinion.. the infoniialion gl￿'¢n in the Rcpoil of thc Ttuste¢8 is inconsistent in material respect with the financial .slat¢llleDts" OT thc charitable ¢otnpany hils liot k￿t 8de4uate accounting records", or the fJt]ancial stateinenls are not in agreem¢nt with the dLLOUnting recK)11Sb and rettims., or 'e have not received dll the Infor￿allOn anci ¢xplanalions we reLIILire for oiir audit. Page 7 REPORT OF THE ID4DEPENDENT AUDITORS TO THE TRUSTEES OF ELMFIELD RUDOLF STEIIYER SCHOOL LIP*lTTED ResyonsAbilitie$ oltrustee5 As explaitjed niore fully in the Statcment nf Trustees. R¢qponsibih'ties. the trustees (who are 0150 the directors of the Lharitable company for thc purposts of comptsny lawl are responsible for the prepardlioii of Ihc tinancial statements and for bcing satislied that ihey giv¢ a truc and fail view, and foi" su¢h internal conirol as tlie tnjstees detetmin¢ is necessary to cnable the PT¥paration of f]nanbial ststements th21 art free froTn Inaterial misstatemcnt. whether due to fraud or error. In prq)aring the finJn¢ial $iatement5. the tNstee$ are responsible for assessink the charitabl¢ companys ability to continue as a goit)8 concern, disclosing, as applicable, mdtt¢r% related 10 goi￿8 concetn ai)d using lh¢ g)oing concern basis ol a¢couniing unless the itu%recs eithei iniend to liquidate ibe charitiible company or lo cease operations. or buve no Tealisiic alternative but to do.%0. Page 8 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ELMFIELD RUDOLF STEINER SCHOOL LIMITED Our r¢$ponsibilities far the audit of the fingn¢ial statements We have b¢¢n appi)inied as auditors under Section 144 of the Chariti¢$ Act 2011 and report irt a¢¢ordanc¢ with the Aet and relevant regulalions made or having effect thereunder. Our objectives are to obtain reasonabl¢ assurart¢¢ ybout wh¢thcr the financial stat¢tnents as a whole are fr¢e from wnaierial tnisslalem¢nl, whether due to fraud or error, and to issue & Rcport of lh¢ Indepelldent Auditors Ihat in¢ludes our opinion. Reasonable 1¢ ssurance is a high levcl of assluance, bul is not a guaraniee Ihat an aiidlt conducted in dccordance with ISAS will always delect a material misslaiement when il exists. Misslalemtnls can ari$¢ fro fraud or error and are c£)nsidered material if. individually or in the am&￿egate, they could reasonably be expected to iixfluence the ccojiomic deci5ion5 of users takeii on the basis ot ihe*e finan¢ial.8iatements. Irregularities, including fraud, are inslan¢e$ of non-compliance with law5 and regulatioThs. We design proceduTC8 in line witli our rcsponsibililies, outlined above, to dctcct maieTial mlsstaiem￿ltS it] rebpLcI ol. itTcgularilic%, including I'Taud. The ext¥nt tt> which ()ur procedures are capablc of detecting itregularities. iucludiny fraud is dethiled below.. In plannin¥ and designing oiir audit lesls w¢ identicy and assess thc risk% of mtential fraud risks to (Ill engdbi¢Inenl Icain mcmber% incliiding inllnial sp¢Liili%ls. and rcmained alcn io any indications ol. li'aud OT non-¢ompliart¢¢ with IAWS and rcgiilJlivns Ihrougliout Ili¢ aildil. Afier ¢onsidcr&tion vf the abovt risks w¢ Ihen ¢affi¢d out audii procedures including the followins: SPC¥ific tests. in rclation lo m31¢Til< I drnounts and di.%closures in the financial statenicnl$ con5idcred ¢0 b¢ ()f high ri%k', pcrforming aiialylicul prvcedures io idLnlify any uiiu%ual or un¢xpcclLd rolatioIi%hips thJt may ijJdi¢dlL risk% or mJl¢rig1 missltilcmcnt due io fi'aiid.. rcuding ftiiniilcs of InAiIAg¢menl incctings. rLviewin¥ cariespoiidcDr¥ willi H M Reveiiue & Custoin.8' eiiquiring vt 8cmcnt and reviewing any ci)rr¢swndencc wlth le8al advi.%ors conccming aLtual and potential littgJtiÉ)n wid claiins., rcvicwillg th¢ financitsl stJlerneni disclobureb and 1¢siing lo supporting dii¢iini¢i1ts1ion lo asscss Complidnce with provisi0115 of relevanl laws regiilalioiis dcscribed as having a direct effect 011 Ili¢ finaiicial 8taiemcnt$; In addressiiig the risk of fiaud tlir(iugh Jknaiia¥icment override of Controls, testing the appTopriai¢nes¥ of jounial entries An(1 other adju.IlmeiitS' d%se.ssiii¥ whether th¢ judgements made iii making accounting cstlrniltes ar¢ indicative of poteiilial bias: and ¢ViilualiDg die bii%ine%% rationale of )ny 8igiiificant transa¢tl{)n% ihat unusual or ()ul%ide the nomial course of busincs%. There ore inherent lijnitatiosiy in our audi¢ procedures debciibed aboN'c. 'fhe Inorc removcd Ih)I tht laws and r¢bTiilations are froin finan¢ial Iransaitions Ihc les5 likcly Il is Ilkal we would be nwbrc on non-compliance. Auditing standaith also liniil tlie aiidit pioredures rLquircd to idcntity non-¢ompliancc with laws and regulalioiis to enqu]ry of the dircclors other maiiagemenl and the in.spection ol rebtulalory and legal COlTespondence, if any. Mdl¢Tial Tlli.*%tatcmcnl.s that arise duc to fraiid can bc harder to delccl than those Ihdt aiise from error as they may involve dcliberai¢ ¢ort¢e￿lment or collusion. A fiirther description of tsur responsibiliiies for the audit of the linancial stateinents is located on the Financial Reporiing Council's wcbsite at Nvww.frc.org.uklaudiiorsrespollsibiliiies. This de8cription fornis part of OiiT Report of the It]dcpcndcnt Auditors. Page 9 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ELMFIELD RUDOLF STEINER SCIIOOL LIMITED Use of our report This report is made sul¢ly to th¢ charitsble company's trusiees, as a body, in accordanLe witli Part 4 of the cl￿ritIeS IAccounL% and Repnns} Regulations 2008. OUT audit work lia5 beeii undcrtaken.40 ihat we mighi stale io the Ghantsble Company's trusiees thoie n]atters wt are required to 5tait to thcin in an aiiditors. ieport and loi nu oilicr purpose. To th¢ full¢st extent peimitied by law. we do nut aucepl OT assume ttspon5ibiliry tts anyone other Iban the ¢hdritsble company and the Lharitsble company's twstees as a body, for our audil work, for this ieport, or fur the Op￿￿OnS w¢ hav¢ fornicd. Muras Buker JoiJe5 LiJt)iied Staiulory Auditors Eligiblc lo act an 8iiditnr in temq of Scction 1212 of the Coinpaoies Act 2006 RegLnt Flousc Baih Avenue Wolverhainpto We>1 Midlands- WVI 4E(i 20 May 2026 Page 10 ELMFIELD RUDOLF STEINER SCHOOL LIMITED STA TEI¥IENT OF FINANCIAL AC.TJI'ITIES FOR THE YE.4R ENDED 31 AUGUST 2025 2025 Total tunds 2024 Total funds as restated Unrestricted funds R¢5tri¢ted funds Notes INCONIE AND ETrIDOIVMETr(rs FROM Donatioiis and legacits 24,507 24.507 1,227,636 Charitdble activities Fee In¢om¢ Miscellaneous In¢ome 2,257,857 70.560 2,257,857 70.460 2.166.555 111,990 Investsnenl iiicotn¢ Tot*l 2 367 289 2 367 289 1 515926 EXPENDI'TURE ON Chfiritable 8Ctivitie5 Education C".o%ts Piemiscs C'osts School Adrninsiiation Co$ts 1.()60,322 216,•77 388 687 {144,375) 1.789 ,515.947 ?18.066 388 687 1,550,634 231),906 197 5?3 ToiAI ?,265,286 14? 5861 2 122.700 1988 063 NET INC'OME Olher recognl%cd ￿￿[n￿lI￿$Ses) Actuaridl gdin$/ilosses} on defined benefit s¢hen)es 102,003 142,5X6 244,589 1,527.863 148 0001 Net m•vemcnt in funds 102,003 224,586 326,589 1,379,863 RECONCII,IATION OF FUE4D.S Tot81 funds brought forward A.5 pr¢viously iepoiled Prior yeiif ￿IdjU$l1nelll 1,603,559 I10502} 1425,9581 1,177.6UI 10 5021 1541.8841 229 120 12 A% re$tattd 1,493,057 1425.958) 1,067,099 (312,764} TOTAL FItNDS CARRIED FORWARD 1,595,060 201372) 139) 6811 1067 099 Thc notes form part of these fInancial statements PagFe I I ELMFIELD RUDOLF STEINER SCHOOL LIMITED BALAI%'CE SHEET 31 AUGUST 2025 2024 Total funds restated UnlestrjL￿d tun Re4trlLtcd funds Totsl funds Notes FIXED ASSETS l-angible assets 13 1.296,308 5,366 1,301.674 1.337,(A5 CURRENT ASSETS Debtois Casli at bank 14 350,115 309,893 350,135 161 155 1,076,8fi5 51.262 660.028 51,262 711,290 1,151.696 CREDI'I-I)RS Amounib fdlling due within one y¢ar 15 {357,076) {357,076) 1929,642) NF.T CUkRF.NT ASSF,TS 302 95? 354,214 222 054 TOT,IL ASSETS I.ESS CURRENI. LIABILITIF. 1,599.260 56,628 1,655.888 1.559.699 CRIDITORS Aniounis fallitig due after m4)re Ilian one yeur 14,200) 14 ?001 16,61K> PENSION LIABII,ITY 20 {258,000} {258.000} 148().000) NET ASSETSI(LIABILITIES) 159S 060 201.3721 1193 688 1,067 099 FIIND UnrcstTicied fiinds Re8tri¢ted luiids 19 1,595,061> 2UI 3721 1,493,057 4?5.958) TOTAL FUNDS 1393 688 1067 099 Thc charitable conipany is eniiiled to oxemption from audit under Section 477 of Ihe Companies Act ?006 for th¢ y¢ar cnd¢d 31 Aiigiust 21)25. The meinbcr5 have Jiot depo8ilcd nolicc, pursuant to Scction 476 ofthc Colnp￿les Ae¢ ?006 requiriiig an audit vl Ihese fiE)ancial statcments. The trustees acknowledge thcir Tesponsibilities for (a) eiisuring thai the cli￿1¢able ¢oMp￿Y kcq)s &Gcounting record5 th31 comply witl) Sections 386 and 387 of thc companie.￿ Act 200() and preparing liiiancial statements whiLh give a Irue Jiid fair view of tlie state Of drfairs ofthc charilable cot]ipany as #i the tnd of each finaniial year and of its surpliis or defi¢il lor each fiiidiicial ycar in ac¢ordance w'ith th¢ rcquitem¢nis o( SectiL)ns 394 and 395 and wliicli olherwisc ¢oinply iviih the rcquir¢rncnt8 of the Companies Act 2006 rela¢Ln¥ io fJJiaiiLial sial¢in¢nts, su lar as applicable to the charitable Cotnp￿1ny. {b} These fiiiaiTrctal statcmcnls haTr"c bcen audiled undei Ihe requirements of Seciion 145 of the C.harili¢s Acl 2011. Thc notes fonn part of tbc5e fLDan¢ial 5tate]nents Pag¢ 12 continued.. ELMFIELD RUDOLF STEINER SCHOOL LIf*llTED BALANCE SHEET- ¢ontinlled 31 AUGUST 202S These financtal staietneiils have beell prepared in ac¢ordanLe with the provisions appliL&ble lo charitable compani¢5 Subject t(> ihe small ¢omp8nJes regime. The tinancial statcmcnts wcrc approved by thc Htsard of Twst¢es and auihoTiscd for issu¢ 20 May 2026 and were signed on its b¢half by.. ,.?r/[ [,_/_ R H Pauli - Twstee The tsotcs fortn part of thcse financial statements Page 13 ELMFIELD RbDOLF STEINER SCHOOL LINirrED CASH FLOW STATEMENT FOR THE YEAR ELNDED 31 AUGUST 2025 2095 2024 s restatcd Notcs Cash tlows from operatlNg 4Ltlvltle$ Cash g¢neratcJ from operauons 289 116 1 ?34 969 Net cash pr()vid¢d by vperaring activsties 289.116 1234 969 C•$h flows from invtsting aclivities Purchase oft#Dgiblc fixed assets 392 1 *10788 Net cash us¢d in invcstit)g activstics 392) 1.210 788) Cash Ilows frorn fln#n¢Sng actlvltles Ne￿ loans In y¢ar Loan repayn)eiits in year 9,00 lQ6,1100 Net cash us¢d in financing a¢tivities )7.000) Ch8ng¢ lrt cash #nd cAsh equlvaltnts In the I'¢porting perlod C￿sh And ¢&sh eiiulvAlents at the b¢ginninLi of tho r¥portinx period 286,3?4 172,819) 147 650 and Lash L'quiwalent$ at th¢ ¢nd ol the reporting p¢riud 361 155 74.83 I The notes tOTm part of thesc financial statetnents Page 14 ELMFIELD RUDOLF STED¥ER SCHOOL LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 ALIChUST 2025 RECONCILIATION OF NET INCOhlE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 as restatcd Net income [￿r th¢ reporting p¢riDd (as per the Statement of Finan¢iAI A¢tl>ities) AdJustin¢nt$ for: Depr¢ciatIo￿ chaTges Defjned benefit pension schem¢ cosis Decreasc in debiors DL¢r¢a%e In CTediior3 Diffeicnue b¢tw¢¢n p¢n5ion charge and cash contributLOt 244,589 1.527,863 36,J&l (14,0001 726.729 (572.566) 132 (￿0) 37,669 1104,0001 21,009 1121.57?} 126 0001 et c*sh provlded by operAtlons 289 116 1 ?34969 ANAL YSIS OF CHAfiGLS IN NET (DEBTIITrUNDS At 1,9.24 C95h flow At 11.8.25 Net tff15h Casll ai bank 74.831 286 324 361 155 74.831 286 324 361.155 Deht t)Lbls falling due within l y¢ar Dcbls falllng duc after l ycar 1202,400) 12n2,40QI 209 WO) 2Q6,6001 Total 134,1(19 288,724 154 555 Tht notes forn) Pts r¢¥ov¢ry of fuLid¥ gen¢r&ted by its chil rilablc aLlivities. l-.du¢iirion ¢ost8 fcpTesenl direct ¢xpendittir¢ in respect of IILC pruvision of education services to pupils of the school. School admLniSlration ¢i)%18 reprc%en¢ cxpeiiditure on ilie 4dmini8iration or thc charitabl¢ ¢ompany attd iThcliid¢ cxpeDdilllr¢ Iiot dtreclly Fcldled 10 Ihe Ch￿}r]Iabl￿ llciivity oi fvndraisiiig VCLltutes Thi5 inLlud¢$ govcn141nce ¢osi% suLh as l¢¥al and Audit fees aiid certain Irus¢ seLretariiil ¢xpcnses. Pr¢n)ibe% ¢osts represent cxpenditure in r¢5lK¢t of Ihc maint¢nance and operaiion of the schnol buildings and ground5'. FundrdlSll)g c0515 reprcscnt exp¢iJdituic dir¢¢tly related lo fundraising incomc Hnd includ¢ costs of th¢ school slii>p Jild public Tclations and Ad￿crti%Illg Cxpenditure. Tangible fixed #$setS Deprecialiiiii i% piiivided at the following aiinual rate5 in ord¢r lo wriie off ¢ach asset over its estimated use￿) 'rccliold pi'OPCTty Pl￿t L1nd rnachinery Fix¢ui'¢s and fittings Computer eqiiipment 2Q/ts on cost 25°/fj un r¢diicing bal3nce 2$￿/0 on rediiring balancc 33010 on r¢ducing balancc TJxalTOII The ¢barity is cxeinpt from corporation tdx on its charitable aLlivitiC5. Fund dilountink Unreslrictcd fLiJids can be i￿¢d in accordancc willi the ¢harJiablc obj¢¢tives at the discreiion olthe Irusle¢$. Rcstricted fil￿￿9 can only be used for pariicular re5triGied piirposes WEthin the object5 of the charity. Rcstrictions arise when specified by the dunor or ivhen funds are Tal￿ed for particulaT restricicd purposes. Further explanation ofthe tjamtt and pu￿05¢ of cach fiind is in¢ludcd in the nol¢s to the financidl stalements. Page l6 ¢untirLued.. ELMFIELD RUDOLF STEINER SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 21125 ACCOUNTINCY POLICIES- tontinued Fund aecounting All in¢om¢ is allo¢ated to the gcneral fund unless othe￿1$¢ r¢stiicted by the donor or sp¢¢ifically designated by th¢ ttustces. Foroign currenel Assels and Ihabililies in foreign currthieies are traiislated into Sterling at the rate8 of exchanbve ruling at the balancc shc¢i dalc. Tran.8aciJons in foreign CiiTtencies are ¢iaiislatcd into stcrling at the T¢lte of exchange ruling ai the dal¢ of trans4ciion. Exchange differences arc iaken iThio accout]t in arriving al th¢ opcraiiii8 Te8uII. Pension e05ts oiber pust-rotlrement benefits The Lompwiy participates in the Main ScctlOD of the Mercury. Provident Pciision Sch¢m¢ (the Schcmc}, a UK rcgisteied, Ini$¢ based p¢iision scheme that, PTovide% Jefined bene*it$. Pension benefits arc linked. lo the meiiiber% final pensionable salJri&s atld 8erYice at their rctiremeni lor dJre of leavingw if eaTlierl. The Tnisl¢e of rhe Scheme 1% re%pon%ible for n>nning the Scheme in accorddnc¢ Vvith the Schem¢s Trust Deed and Rules, which eis out their pow¢rs, Th¢ TTUStec olihe SLhemc is required to ULI iii the best inieresis of Ilie bencficithe5 of the SLheme. (Tifts In kind on 19ih %epiemher 2023 Ihc land Jiid iwo muin pr(Iptrtics ¢omprising l.'IniliLld School, Park Hill dnd Thornliill, wcrc Iriinsf¥rrcd Ir()m ihe Elmficld TnLSi ti) BlmficlLI Rudolf SieinL'r School Liniiled at no lo￿1, This Uift hd¥ bten valued by thc trustees at £1.200,000. Deferred fee5 I,runi I September 201? PHTents siniggliiig to make pxynienL% for ft)11 feel WCTe no longer otTeird the pportunity to defer a proporiion of the fees which became Piiyable on thcir lhild ledi'ing the school. A fee di%count scheme was introdiiced otTering eligiblc parenis Tcduced fees bascd on aflordabiliry and Ihe school's resouTCC5. DONAI'IONS AND LEGACIES 202$ 20?4 As t¢ststcd Unreslrieted funds Resliicted fujids fund fisnd Donations 1,227 ()36 All of the above i& dllributable to uiirestriLle(I fwids. INVESTMF.Tr4T INCOMV. 2025 as re51ated Total n(ts Unr¢stri¢ted fuiids Restricted fiinds TotAI lunds Rcnt.s i"e¢eiv¢d Intcrcst Tcccivablc 11,860 11,860 2.505 7.506 14.365 Pag¢ 17 continued... ELMTrIELD RLDOLF ST￿￿ER SCHOOL LIMITED NOTES TO THE FINAYI CIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025 tNCOMb FROM CHARIT ABLE ACTIVITtES 2025 2024 as restated Aeiivity Ftt Income Fe¢ Income Fee Income Miscellaneous Income F¢e Income Stdff Reductions Boatding Incoiiie Mis¢¢llaneou5 lll¢ome 2,302,286 {50,154} 5.725 2,138,859 {29,1551 56,851 11199 2 328417 2,278.545 CHAIUTABLE ACTIVITIES COSTS Support SIS (see nol¢ 61 Dire¥l Cosis Totals Edu¢aiioD Costs Pietn15es Co$i.8 School Admiiisirdtion Costs 1,46•.306 108,432 259,381 53,641 109,634 129 301) 1.515,947 218,066 388.687 292 581 2 122.71K) SUPPORT COSTS Governance Mana¥em¢nt FinanL¢ Totalb F.ducalion Costs PreLiii%es C.'osts School AdniiD$trhlion Costs 53,641 109,&34 £3,641 109,6.14 129 3116 112,676 177 517 112 676 292 581 NE'f iNCOMEI(EXPF.NDITiiREI Nct in¢omeli¢xpcnditUTC) is stated aftcr ¢hdrginsllcirditin81'. 2025 2024 s re*tated Depreciaiion- owned as%ets Page 18 continued... ELMFIELD RUDOLF STEINER SCHOOL LIfvIITED NOTES TO THE FINILNCIAL STATENJENTS - continued FOR THE YEAR ENDED 31 AUGUST 202) AUDITORS, REMUTrIERATION 2025 2024 ats restated F¢c$ payable to the Charity's auditors for the audit ofihe ¢hariiy's financial statements 9,650 TRUSTEES, RE￿￿NEll4TI0N AND BELYEblTS Therc were no tn)slee.8' reinuneration oi. othel" benefsis for ih¢ ycar cnded 31 Augu8t 2025 nor foi. Ihc year ended 31 Aiigusi 2094. Tru5tees' expen$ea There were no trnsie¢s' ¢xpenses paid f(kT the year ¢nd¢d 31 Augusi2025 nor for the yeor cnded 31 Augu%t 2024. STAFF COSTS 2025 2024 rcsluted W£iges an(1 salaries So¢ial seciirily coqts Othcr pension c<)%t$ ,255,923 8S,5U3 1 ?fi7,377 87,184 30.407 1377 259 1384968 'I'h¥ average monthly numbcr ofcmployees during the year was as follows,. 2()25 2024 as rcslated 65 Tcd¢h¢rs and admillibiration 56 No employees received cmtslunientg in ¢xce8s of£60,000. COMPARATIVES FOIt'I'HE.STATEMD'NT OF FlTr4ANCIAL AC.TIVITID:S UDfL'%tricl¢d fiinds Restricted fuiids Total furtds a5 restated INCOJ%lE AND ELYDOIN'MENTS FROM Dviidlions and Icgacics 1,227,636 1,227,636 Charlt#ble g¢tlvltles Fee Income Misc¢llaneoiLS Ineome 2,166,555 67.475 2,166,555 111,990 44.515 InvesttneJ)t In¢ome Total 3 471411 3.515.926 EXPENDITURE ON Charitable #Ltiviiles rducation Cosis PTemises Qosts 1,779.524 0? 546 {228,8901 37,360 1.550.634 ?39,906 Page 19 ¢ontinued... FIELD RL'DOLF STEINER SCHOOL LIMITED NOTES TO THE FlTr*ANCIAL STATEI¥IENTS- conlinued FOR THE YLAR ENDED 31 AUGUST 2025 ii. COMPARATIVLS FOR I'HF. STATEMF.N'I OF FINANCLIL AcfIviTIES- continued Unr¢stri¢ted funds Re*triLted fi￿d$ Total fun(ts as Testated School Adinin5tralion Cost5 197523 197 $23 Total 2 L79.593 {191.530) 1988,063 NF.T INCOME OtlJ¢r re¢ognised galnsl{los$esl Actuarial 88inslllosses) on defined benelit Schemes 1,291,8111 236,045 1,527,863 Nol Inow¢mellt in funds 1,291,818 88.045 1,379,863 RECC)NCII,IATIC)N OF TrifNDS TotAI fund5 brought forward As prcvi()usly rLpi)ried Prior yCaT adjii$trnenl 127,881) 229,120 1514.0031 1541,¥84) 229 120 A# reslaled 201.239 1514,0031 j3 12.764) TO'I'AL FUNDS C'ARRILD FORWARD 1493,057 425 958) 1067 099 12. PRJOR YEAR ADJUSTMF.NT The aLeounls have becn re$tated lii Feducc a¢¢rued iiicoinc broiighi foTwaTd as this wa5 ov¢rststed. The Change has re%ulied in ivlii I funds al 31 August 2024 reducing by £110,502. 13. TANGIBLF. FI.XED ASSF.I'S Fixiures Frcthold prnpcrty Plant aiid maLhin¢ry Coiiii)UlL'r cqiiii)menl Totals At l %eptcmb¢r 2024 Addiiions 1,605,121 65,705 134,129 80,943 392 1,885.898 392 At 31 Augu512Q25 1605 121 134 129 1886 290 DEPRECIATION Al I Scpleinbtr 2024 Charge tor ycai 283,646 32.102 63,539 541 121.240 79,8?8 497 548.•53 At 31 August 2025 315 748 124463 584.616 NET BOOK VALL'E At 31 August 1025 1289 373 9,666 1 301674 At 31 Au￿1St ?024 1,3? 1,475 1,337.645 Page 20 ¢onttnued... ELNIFIELD RUDOLF STEINER SCHOOL LIMITED NOTES TO THE FINA Tr*CIAL STATE.NIENI'S- ¢ontinu FOR THE YEAR ENDED.11 AUGUST 2025 14. DEBTORS: AMOThTS FALLING DUE IVITHIY ONE YEAR 2025 2024 as r¢statcd Trade debtors VAT Pr¢paym¢nts and acctved income 300,?50 18,828 1,060,430 350 135 1076 865 15. CREDITORS.. AMouf4T8 FALLINC DUE IVITHJN ONE YEAR 2025 2024 as resiat¢d Other Iodns (see not¢ 17) Trade creditors Social scciirity and other tdxes Ollier creditors Pension D¢teryed inLom¢ Accrued cxpen.%c.% ?02,400 37,720 55,782 202,400 41,039 18,8¢iO 1.545 22,014 21,732 17,428 621,959 157076 929.61? l)¢ferred inL(>me Lncludcs £91,732 of fees received in advan¢e rclatin8 lo tlie 2025126 academic year. Loan5 are inlcrest free ttnd repay•ble on demand. 16. CREDI'I'ORS.. AMOIJNTS FALLING DUE AFTER MORE THAN OLYE YEAR 2025 2024 a$ 1¢8latcd Oiher loan.% Ise¢ not¢ 17) 17. I.OAliS An analysi5 Ot'thc Tnaturiiy Of loans LS given below., 2025 2024 as r&%laied Ainounts falling diie wiibin one year on dtniand.. UtheT loans 20?.400 Arnounls falling betweell one and two years.. Other loatJs- 1-2 years 4,21)0 Page21 ¢oAtinued... F.LMFIELD RUDOLF STEINER SCHOOL LU*IlTkD OTES TO THE FINANCIAL STATEMENTS- continued FOR THE YI,AR ENDED31 AUGtiST 2025 18. LEASINC. AGRLEMEN'r.g Minimum leas¢ payments un(leT non-cancelSable operatin8 leas¢s fall duc a5 follows.. 2025 2024 as Tesial¢d Wiihiii one ycar Between one dnd five yeaTS 7.064 7,064 19. MOVLMENT IN FUPIDS Prior year adjustn)ent Nct movemeiit in lunds At 31.8.25 At 1.9.24 Ilnr¢Jtriet¢d fmndj CJeiieTal fund 8tsff Housing Fiind C.Idgs Fun(L% Community (iroiip 1,578,36• 12.834 9.054 1110,502) 114.897 (1 ?.844) 12,5741 1,582.757 6,480 1,603.559 1110,5021 102,003 1,595,060 Re¥tri¢ted funils PL'nsion RLserve VJsi()n ProjeLt (New Huilding F'und) ASIM Music Fund Lavcndrr Hub 1486,0(Tr0I 49,696 3,191 2111,OUO 1258,0001 49,696 1,566 {1.6?5) 425 958 224 586 2013721 TOTAI. FUNDS 1 177 601 '110,502} 326 589 393 6811 Nel movcn)ent in funds. included iii the above arc a.% follows.. In¥oinirLg resoilries Resources cxpeiided CJ&ins and Movciiient in lund5 [Inrestrlcttd funds (ieThcral li￿d StarfHoiising Fiind Class fi)llds Comrnuiiity CTroup 2,1.16,611 (12,834) 36,702 {2,221,714) 114.897 (12,814) (2.$74} ?,367,289 12,265,286} 102,(K>3 Restricted funds PeJL%ion Rcsttve ASIM Miisic Fund Lav¢ndeT Hub 146,000 (1,625) 228,IWO 11.6251 142 586 224 586 TO'fAL FUIYDS 2,367,289 2,12? 7001 3?6.589 Page 22 continued. ELMFIELD RUDOLF STEll4ER SCMOOI, LIMITED NOTES TO THE FINANCIAL STATEMENTS- coNtitsued FOR THE YEAR ENDED 31 AUGUST 2025 19. MOVEMENT IN FUt+4DS- ¢ODtinued Compxratives for movtmtnt In fund$ Prior year adiu%tment Net mov¢menl in funds At 31.8.24 Atl.9?3 Unrejtrieted funds Cicncral tund Statl Housing Fund Class Funds Communily Group 162,2631 28,988 2,059 229,120 1,301,003 (16,1541 6,995 26) 1,467.860 12,834 9,054 3.309 127,8811 229.120 1991,818 1,493,057 Reslrl¢ted funds Pcnsioii Rcscrvc Vision Projccl {Ncw Building Fund) ASIM Music Fund Lavender Hub {568,0001 49,696 4,301 82,0(X) 1486,00(1) 3,191 7.155 514003 425,958 TOTAL FVNDS 541884) 2?9 120 I 37Y 863 1067 099 Comparative nel movcmcni In funds, included in the above are as follows.. Incolning re*ouTCC ke%i>iirces ¢xpciided CJain8 and Ii>%s¢s Movcmcnt in funds Llnrestrlrted fund$ Gencrdl fui)(I Staff IIoLI%Lng Fwid Cld%S Funds Community Grouii 3,47 5,437 {2,170,434) 116,154) 6,995 ,301,0113 6,9()5 26) ?61 3,471,411 12,179,593} 1291,818 Re$tricttd funds PLnbIOn Rest￿¢ ASIM Music l.'vnd Lavendei Hiib 230.000 (148,0001 82,000 37 3110) 191510 148,0001 TOTAJ. FIINDS 3515926 11,988 0631 148.0001 1 379,863 Pdge 23 contillu¢d... ELMFIELD RUDOLF STE￿ER SCHOOL LtMrrED NOTE.$ TO THE FINA.NCIAL STATF.MENTS- continued FOR THE YEAR ENDED.11 AUCLST 2025 19. MOVEMENT IN FLQ4DS- Continued A ¢urrent year 12 months and prior y¢ar 12 month5 co¥nb￿cd position is as follows.. Prior year 3dju%lmtTht Net movement in fuiids At 31.8.25 At 1.9.23 Unre5trl¢ted (uthds Cieneral fund Sta(f Houstng Fund ClasE Funds CLimmunity Group 162,?631 ?8,988 2,059 3,335 2?9,120 1,415,900 {28,9881 4,421 2.488 1.582,757 6,4811 (27,8811 229,1?0 ,393,821 1,595.060 RtStrlcted P¢Jisii)n RcscTV¢ Visivi) Proj¢¢t (New Buil¢Jing FuDd) ASIM Music Fun Lavendcr Hub (568,QOOI 49,696 4,301 310,000 1258.000) 49,696 ,560 {2,7351 5540031 312,631 20137?) TOTAL FUNDS 5418841 229.120 1706 4$2 1393 <)88 A curr¢nt year 12 moiiihs and prior ycur 12 montlis coinbinvd n¢1 Inovemciii in tunds.. includcd ID the above arc as follows.. LncvmiDg rtsoiirces ResourLes expcnded Gain8 and losses Mvvenient in tunds Unré5(rltled funds Cyenei'al tiinLI Si¢ift-IIoiisiiibT Fuiid Lla5% Fiirlds C'.onimiiiiiry Cjroup 5,808,048 112,8341 36,70* 6,784 (4,39? 148) 116.154) {32,281) 1,415.900 128,9881 5,838,700 14,444,819) 1,393,821 Re5tActed fund$ Pensioii Res¢rv ASIM Miisjc l.'und LaYLnd¢)" Hub 166,(K)Oi 310.oflo 12,7.15} 12,7351 39 1491 44,515 334 116 66,fA)01 312,631 TOTAL FUNDS 5 883 215 1706.452 Re$trltted funds Vision Projeet l]¥ew Building FuThdl This fiind represents inoiiey Taised fvi iicw buLldin8 Pl'OJCCts IG$% ¢osts expcnded. ASIM Music F￿nd This fiind rcprcs¢nlS money re£cived in prior years from donati(>ns. Deslgnatcd funds Staff Housing Fund The Staff Housirtg Fund is desi81)altd to tnable staff membcrs to obtain suitable local a¢Lommodation. Page 24 continued... ELMFIELD RUDOI.F STEINER SCHOOL LINIITED NOTES TO THE FINANCIAL STATEMENTS - colltinued FOR THE YEAR ENDED 31 AUGUST 2025 19. MOVEMENT IN FLTIDS- e•ffttinued CIA5s Funds Class fitnds relate to mon¢y raised by each year group, to be spent durin&T the duration of th¢ir a¢ademic journey. Conimunity Group Monies raised by the PTFA io be spen¢ as ihe ￿0Up decides. LAvend#r Hub Fund This tllnd represents money rec¢ived by the Local Authorily to sp¢nd on improving the facilitie3 in the Lav¢nd¢r Ilub. 20. F.MPLOI'EE BENEFIT OBLIGATIONS Tiie chjriiable company particip￿tets In the Mercury Provideiit Pension Sch¢rne. a delined benefit scheme that is now closed 10 iiew ￿ld exisliL)8 nicmbers. This is a collective ychcmc for a number of employcr5, in w'hich Ihe iirplus or deficii reldtin8 to Ilje chai'it?)ble ¢ompathy Can be identifjed, bul ther¢ is Jio form818egre¥aiion of ihe ¢hantabl¢ Company's asset.% and liabilities in the schcme fn)m those of the other employ¢rs. PTi(Ir 10 the yLar ended 31 Augubt ?0•? th¢ churiiable ¢onipany aL¥ouiilLd for thc %chem¢ as a defined i)iilribulioii sLlicinc >￿id ilie pensiDIi Losls Lharg¢d in the fiiiajic.ial sliilem¢nts repr¢sviiied the conlribulion% payahlr by ilie ¢lLaiilable ¢omp2ny Juring each ycar. Witli cll"bLI frnm Ihut year thc ¢hariiablc company's prop()rlion vf Ihc .4Llietne'.s as%cls and IiJhiliiies is incliided in the Lharittsble eumpany's balance sheei. As ai 3 Aiigult 2025, Ihc ch¢1TltdlilL L(Inipany's PTOPI)rtion of IhL' %chemc's assLL% and d¢fined beiictit (IblibTalion was 25.95'/0 (2(J24., 24.8DO/¢l. Tht TnLStec of Ilic SchcniL is Te4UIL-ed io Cdry QUI an dctuArial valiiali()n every 3 year5, Thc I￿1 a¢tiiJrial,. valualioii of ihe S¢h¢Die was PCTfi)mied by tlie Schein¢ A¢tiiary (or the Trii.siee of the Scheme as at 29 Dcccmb¢T *021. This i'aluaiioii reveJl¢d & I'undijig sliortfall in ihe Main Sectioii of the Scheme of £12,90<),OVO. A fonn81 acttiarial V4Llualioll ol thc s¢hcm¢ is ¢urrcnily bein8 Carried oui 8¥ 11 29 Derciiiber 2024. The Li)titributitsii requiremenl 10 the Main seLlion of Ihc SLhcme will b¢ Y¢￿sesSed 4¥ part ol'this valii81ion. Tlje Participating b.niployer% ()f the Main S¢cti(kn agreed with Ihc Tru%t¢e of Ili¢ 8chem¢ tv pay ci)ntributions towards clearin8 Ihc shortfall by 30 April 2038. The.. Con)pany 18 r¢sponiible for thc fvllowing ¢ontribulion&.' £10,122.66 per n)onth from l Febru)ry.' 2023 ti) 31 Dccciiiber 2023., £10,122.66 per month IroTn l JHnuary 2024 10 31 January 20!4. illld £10,628.79 per Imonih froin I l,-cbruary 2024 10 31 De¢enibcr 2024 C'.ontribuiions will thcn increase annually by SV/o on each l JanuAry and will b¢ payable up to 30 April 2038. The Companv ihcrefoT¥ expect% io pay $hortfall Contributions or £138,387 to tlie S¢heme during the a¢countlLI8 year b¢gllinin¥ I S¢pt¢nibcr 202 Page 25 ¢oTrtsnued... ELMFIELD RUDOLF STEINER SCHOOL LIMITED r4oTES TO THE FI￿ANCIAL STATEIIENTS - tontiDu¢d FOR THE YEAR ENDED 31 AUGUST 2025 20. EWLOISE BENF.FII' OBLIGAI'IONS- eontinued The aTnovnt% r¢w￿ls¢d irt ib¢ StatemeDi of Financial Activities are as follows.. tkfined benefit pension plans 2025 as tesraicd CU￿¢￿1.￿e[Vl￿ cost Net interest fTOm nel defiiied benefit 204,000 176,000 Pasl s￿viCe cosl 176 000 AcNal rernrn on plan assets 97,0001 67.000 Changes iri the present valiie of ihe defiiied beiiefii i)bli8AtiOll are as follows.. Dcfined benefit pension plans 20?4 ab resialed Openiiig defined beiietit obli¥tiliOn Interest Cost AbtiiaTial 10sscsI(gaiElS} Hcnefjiq puid 2 902,otJ(Tr lQ7,00 (82,0001 2,077,OW 109,QOO 2,088 000 2 202.noo C'han8¢S 111 thc fiiir valuc of scheme &s.8ets are as follow5.. Defined bell¢fJl pensii)n pldns ?025 2024 &4 reslatcd Openijig fair value of schcm¢ a58ets li)terest iiicom¢lco¥l ContribiitlD115 by employer ExpeLted return 13¢nefii¥ paid ReluiTr on plan 7dsset% (excluding interest income) 1,716,000 83.000 132,OOf) 1.509,000 80,000 l 26,OQO (67.(>00) 113?,nOOI (139.VOOI 135000 200,000 1,830.000 5,716 000 Page 26 contittued... ELMFIELD RUDOLF STEINER SCHOOI. LIMITED NOTES TO THE FIb'ANCIAL STATEMENTS- Cootknlled FOR THE YEAR ENDED 31 AIIGUST 2025 20. EMPLOYEE BEN'ETrIT OBR,IGATIONS- tontinued The amounts recognis¢d in oth¢r r¢wgnised gains and losses ar¢ ￿ foUows-. D¢fJn¢d benefjt pension plans 2025 2024 ag resiaied Return on plan assets (cxcluding interest it)come) 135ono 135000 200 0011 Thc major ¢at¢gori¢s of %cheme ayscts as Amounts of tolal scheme assets ure as follows.. Delined beiiefit pension plan. 2025 2024 as resraied E4Ulties Diversified credii (l￿d9 .iab)liry dtivrii investi)i¢nls Diversificd gi'owih fiinds Eluy *Jn(I niainlain fiinds C'.a$h 779,000 259,nDo 368,(X)O 284,000 48,000 717,(XlO 258,000 442,IK)O 25(J,D(J(J 43,0(Xl 6,000 1830.00(1 1716,000 Principal actuarial a4$iimpiions al tbc Balunce Sheci date lexpr¢%Yd as weighi¢d averag¢8).' 2025 2024 as rc5tatcd 5.Qll'/o DE'SCOUllt rate liiflation dssumplion IR211 Inflation assuinplioti ICPII Rate of iii¢reasc tor penstons in paytncnt.. post 1988 GMP 6 ApTiI 191)7 to.5 April ?00S.%ervice Posr 6 April ?005 %ervicc Revaludlii)n i)f deterred peJ15ions iii exce 3.00'/ ?.50Q/ 2.20tr/ 2.90/¥ 2.4￿1 2.10/* 2.900/0 2.50/ The Gurrent morlulily assiimptions include suflicient alloM'an¢¢ lor fijture improvcments in mortality rates. The aysumcd lifc cxpcclations Oll fetircincnt ag¢ 65 arc.. 2U25 2024 Retiring today.. Males FcTnalcs RetiriIig in 20 ycaTS Malcs Fernales 21.6 ?3.8 21.4 24.0 228 25.3 22.7 25.4 Pa¥¢ 27 continued... ELMFIELD RbDOLF STEINER SCHOOL LIMITED NOTES TO THE FINANCIAL STATEP*lEN'fs- continued FOR THE YEAR LYDED 11 AUGUST 2025 21. RELATED PARTY DISCLOSURES Tuitioll fces ar¢ ¢har8ed by the ¢haritablc cvmparty on nonnal con)mcrcial tcrnis to parent trnstees. Tea¢h¢r trustees aTe required to pay 150/0 of Nitiun fees in line with all siaff niemb¢r%. No disLoiints ￿'£re given in rhis respect during thc year. Fees are payable utjder normal paym¢nt terms and no ittteT¢St is charged on overdue ba1￿ceS. Tuition fee8 charged to trusi¢es and arnouDts- ouisiandill¥ at the end of the year were a$ follows.. 2025 2024 Tuition fees AmounL% owed at th¢ balancc bheei dat¢ 18,825 6,372 l3,965 6,915 22. ANALYSIS OF NET ASSETS BETWEEN TrUIYDS At 31 ALigust 2025 Total Unrestricted RestTicied ixed Asscts Curreni Asscls Ciinent Liabilitic% 1,296,108 66(J,1128 357,0761 5,366 51,262 1 101,674 711.29n 357 0761 1 599 260 1655 888 Unrc.siri¢led Re$iriLl¢d At 31 August 2n24 as T&8tated Fixed Assets Current Asscls 1,330.41)0 1,091,809 9?9 642) 7.155 52,887 1,337,645 151,6fj6 929 ()421 1499 657 1 559 699 Page 28 ELMFIELD RUDOLF STEINER SCHOOL LI[￿lTED DETAILED STATEMEINT OF FINANCIAL ACTivrriES FOR THE YEAR F.NDED 31 AUGUST 2025 202S Total fiinds 2024 Totsl fun¢1 #5 restatcd Unre5triLI Resiricied funds INCOME AI%D ENDOWMENTS Donatlolls #nd legacles Donations 24.507 24.507 1.227,636 lThve5tmcnt Ineome Renls Teleived Int¢resl receivabl¢ 11,860 11,860 7,506 2,239 14.365 14,365 9.745 Charligble A¢tlvltl¢s Ftt Incoin¢ Stal'l. Reductions Boarditib Lncoine Miscellaneous Ineomc 2,302,286 150,1 $41 5,7•5 70,560 2.30?,286 150,1441 5,725 2,138,8.59 {29,155} .56,851 111990 2 328417 2328417 2 278 545 Total In¢onilng re$uurces 2.367,289 2,367.289 3,515,926 EXPENDI'I'IIRF. Ch*rlt•lJl¥ y£tlvliie$ Wagycs Social 5CLLirity Pcnsii>n Light heat Sundri¢s Class'fTIP¥ Cl(1SSf(>om Expens¢S Bad Debtb C'oniputer costs 'recliold property Pl)ni and maLhincry 1.401,183 1145.460) 1,255,923 88,503 32,833 65.6()4 76.429 39,270 45.771 171,349 17,997 1,267.377 87,184 311.407 84,753 87,$22 41,375 48,075 26,207 18,752 -12.102 722 4.296 549 32,R33 65,664 76,429 39,?76 44,6S6 171,359 1,085 32,102 442 1,434 497 542 3,223 497 1,789 Con)puter e4UiPEnenl 1,972,705 {142,586) .830,119 1,729,321 Support costj lun#gement R)ies and w8ler It]suran¢¢ Teleplione Posiage and stationcry I,'ai'J'ied foTrvciid 38,266 26,574 3,540 9,317 77.697 38,266 26,574 3.540 9,317 77,697 16.847 19,331 4,607 8,995 49.780 I'his page doe5 not fortn part of the stattLtory finallcial stat¢ments Page 29 ELMFIELD RUDOLF STEINER SCHOOL LITrItTED DETAILED STATF.MENT OF FINANCIAL AC.YWITIES FOR THE YF.AR F.NDED JI AUGUST 2025 2025 Total fuTLd$ 2024 Totsl funds as Testat UE]f¢stricted nds Restricted funds Management Bi"oughl forward Adver¢i51ng Rcpairs and maini¢nance Training and Development Subscription5 77,697 1,385 45,193 6,37C) 77,697 ,385 45,193 6.376 49,780 4,170 69,372 25.478 177.517 177,517 183.689 FiNan¢e ljank charges 2,388 2,388 2,058 Governxnce to$t$ Audilors, remuiici¢ltion Accountancy aiid Icgal l¢cs 7,150 105,526 7,150 105.51(1 9,650 112,676 112676 TotAI r¢sourLes expended 2,265.286 149 5861 2 122700 1988 1163 Net ineomelltxpenditure) 102.003 142 586 244 5119 15?7 863 This pa8e do¢$ not forni part of the statutory final)¢1￿ statetrLents' Page 30