REGISTERED COMPANY NUMBER.. 02448785 (England and Wales)
REGISTERED CHARITY NUMBER: 802188
Report of the Trustees and
Financial Statements for the Year Ended 31st March 2025
for
The Loddon Foundatlon Ltd

The Loddon Foundation Ltd
Contents of the Financial Statements
for the Year Ended 31st March 2025
Page
Report of the Trustees
I to 14
Report of the Independent Auditors
15 to 18
Statement of Financial Activitles
19
Balance Sheet
20
Cash Flow Statement
21
Notes to the Cash Flow Statement
22
Notes to the Financial Statements
23 to 39
Detailed Statement of Financlal Activities
40 to 42

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
The Trustees of The Loddon Foundation Ltd present their annual report and audited accounts for the year
ended 31 March 2025 and confirm that they comply with the requirements of the Charities Act 2011, as
amended by the Companies Act 2006, the Memorandum and Articles of Association and the Charities
Statement of Recommended Practice (SORP) IFRS102) 2019.
Structure, Governance and Management
Governing Document
The Loddon Foundation is a company limited by guarantee and governed by its Memorandum and Articles
of Association dated 4 December 1989, as amended on 8 June 2013. It is registered as a Charity with the
Charity Commissioners. The members have agreed to contribute a maximum of £100 each in the event of
the company winding up. The number of members is unlimited. The Company Directors are also Trustees
of the Charity and Governors of the school.
Appolntment of Trustees
It has always been the policy that all members are Trustees, Directors and Governors of the school There
are no other Directors, Trustees or Governors All the Directors, Trustees and governors henceforth are
referred to as Trustees, as detailed on the reference and administrative details, served throughout the year
unless otherwise stated. The Board has power to appoint additional Trustees if it considers fit to do so.
New Trustee5 are selected based on their specialist knowledge e.g. teaching, care, financial, legal, IT,
medical expertise,experience with children and adults with severe challenging behaviour and learning
diff iculties. Trustees are recruited through networking of current Trustees a nd the interactions the Charity
has with the local community. Two trustees have resigned from the Charity this year, and we have
welcomed three more.
Trustee Inductlon and Trainlng
Prospective Trustees are invited to visit the School, where they can meet key employees, the children and
other Trustees. Prospective Trustees are provided with information about the philosophy of the Charity
along with details about the accredited training that is delivered nationally and promotes the philosophy
and approaches of the Charity.
The Trustees have on-going training, and receive additional information which is circulated as available
from the Charity Commission. Trustees are invited to attend training delivered by Loddon Training - the
external training division of the charity. Those who do attend find these sessions most useful.
Trustees meet each year with the whole senior team to engage in the annual Strategic Planning process.
Organisation
The Board of Trustees, which must comprise of a minimum of 3 members, administer the Charity and meet
at least four times a year. The Trustees fulfil the role of the Proprietorial Body for the School and are
subject to registration by Ofsted.
The Board of Trustees have had in place four subcommittees to facilitate their ongoing work. These
subcommittees, along with their key responsibilities are:
Page I

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Finance. HR. Estates and IT
Ensure that budgets are developed and monitored,.
Approve investment proposals-
Monitor the facilities programs and Health and Safety;
Ensure that the Charity effectively manages and rewards staff,. and
Advise on developing the IT strategy for the school.
Philosophy, Education, Care and Training
Ensure that the Charity maintains its focus on the underlying philosophy of positive approaches;
Monitor the curriculum used within the Charity to ensure that they are aligned to the philosophy
and approaches of PROACT-SCIPr_UKO; and
Ensuring the School keeps the students within its care safe and complies with the relevant
safeguarding legislation
Loddon Training (LT) / Trainlng and Outreach
Provide Strategic direction to Loddon Training such that the Philosophies of the school, the PLLUSS
curriculum and practical application of PROACT-SCIPr-UK@ is spread as widely throughout the UK as
possible; and
Oversee the running of the Outreach programme which is supports teachers and schools who
specialise in special education needs in the UK.
Governance and Quality Management
Recruitment, training and monitoring of Trustees,.
Review of governance documents to ensure that they are up to date,.
Review of the schools, Quality Management System and ensure compliance with ISO 9001,. and
Maintain the Trustees Risk Register.
The Trustees work closely with the Charity Leadership Team, via the subcommittees, to ensure that the
aims and objective of the Charity, as agreed by the Trustees, are implemented through the organisation.
The Charity Leadership Team currently comprises The Loddon Foundation Chief Executive Officer, the
Director of Loddon Training, Director of Care (Registered Care Manager), Director of Finance and Company
Secretary. and the Director of Human Resources.
The remaining staff are employed in the School to provide care, education, training, support or as trainers
for Loddon Training. The Loddon Foundation is not dependent upon the service of unpaid volunteers.
The Charity Leadership Team formally report to the Trustees at the regular Trustees, meetings but also
meet with smaller groups of Trustees to discuss on-going matters and to share information, as needed.
The Trustees attend events during the year in which children and parents from the School take part, and
visit the School between meetings. They attend some of the training events presented by Loddon Training
along with the annual conference.
Delegation and Decision Making
The Trustees delegate day-to-day management of the Charity Leadership Team.
Page 2

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Remuneration of Key Management Personnel
All Trustees are engaged under a voluntary basis and do not receive remuneration or benefits outside of
those that all volunteers are entitled to such as the reimbursement of expenses for travel and subsistence.
The Senior Leadership Team are remunerated as disclosed in report. Key personnel do not receive any
other taxable benefits.
The Trustees set the remuneration of the Charity Leadership team by reference to remuneration in the
local employment market and those employed in special schools. Responsibility for remuneration
elsewhere in the charity is delegated to the Charity leadership team who apply the same principles. All
appointments and pay increases for those earning over £35,000 per annum are approved by the Finance
and HR committee on behalf of the trustees.
Related Party Relationshlps
The charity covers all the costs associated with the trademarking and Mrs M Cornick M8E receives no
payment for the use of the trademark. The board of Trustees have reviewed this arrangement and are
confident that this continues to be in the best interests of the charity.
PROACT-SCIPr-UKO is the registered trademark of Mrs M Cornick MBE. The Charity uses this trademark
under licence. The Charity covers all the costs associated with the trademarking and Mrs M Cornick MBE
receives no payment for the use of the trademark. The Board of Trustees have reviewed this arrangement
and are confident that this continues to be in the best interests of the Charity.
Quallfylng Thlrd Party Indemnity Provisions
The charitable company has made qualifying third-party indemnity provisions (directors and officers
insurance) for the benefit of its Trustees during the period. These provisions remain in force at the
reporting date.
Page 3

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
STRATEGIC REPORT
Objectives and Artivities
Our Aims
The objects of the Charity are the education, treatment and care of persons With learning disabilities. In
addition, the Charity has a range of powers which include dissemination of good practice and to provide
training, lectures and conferences both nationally and internation311y.
The Charity achieves these through two principal activities: A School which provides education and care for
30 children and the provision of training courses for other schools, residential, day services and supporting
living settings from the statutory, private or voluntary sectors who support children and/or adults, through
Loddon Training. The Charity also provides Outreach services within the UK and internationally through the
provision of training and support to include a small on-going programme in Zambia.
Our Approach
The Loddon Foundation Ltd continues to provide specialist education and high quality residential care for
children with autism, profound and complex learning disabilities and severe challenging behaviour. The
School is committed to enabling children to participate in the life of the community wherever possible and
with whatever support is needed. The children all demonstrate behaviours of concern which have severely
restricted their opportunities compared with children in main-stream schools and therefore need a
24-hour curriculum to provide maximum support to them and their families.
The Loddon Foundation bases its approach in 'Positive Behaviour Support, and 'non-aversive' approaches
to behaviour support within the philosophy and practice of PROACT-SCIPr-UK@ and the PLLUSSO curriculum
both developed by the Charity and implemented within the School and disseminated through Loddon
Training. These approaches are understood and recognised by Ofsted and local authorities Iwho pay fees
for children to be pupils in the School).
Using PROA￿-ScIPr-uK• and PLLUSS• as the philosophy and approach, the School bases its practice in
personalised education and care to ensure each child's programme supports the needs of that child. The
education of the child is both individualised and personalised, enabling learning programmes to occur in
the natural settings rather than classrooms. For example, learning to dress and undress is learnt in the
child's bedroom or swimming pool complex and activities are selected to ensure preparation for adult life
with a focu5 on communication skills, choice, social skills and behaviour support. Transition planning plays
an important part in the education of pupils when they reach 14+.
The Loddon Foundation provides to external organisations training which is certif icated by Bild Acr {British
Institute of Learning Disabilities Association of Certified Training) and known as PROACT-SCIPr-UK through
Loddon Training. This is a specialist programme providing a 'whole approach, to enable staff to actively
support individuals who demonstrate behaviours of concern and as far as is reasonably possible minimises
the use of physical interventions and ensures the safety of staff.
Loddon Training delivers this training to organisations throughout the UK and there are in the region of 200
organisations and 800 Instructors trained to deliver PROACT-SCIPr_UK@ courses to staff within their service
and implement the approach in schools, residential, day services a nd supporting living settings. In addition,
advice and support is offered to parents, families and other schools and care homes on a regular basis.
Page 4

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Subsidised courses and additional advice and support are provided through Outreach to parents and family
carers to enable them to use both PROACt-SClPr-UK" and PLLUSSQ within their own homes. This enables
children and adults to stay longer in the family home reducing the need for them to be supported in
residential care.
Loddon Training uses off-site training facilities at Field House Barn, a training facility providing for the
increasing number of courses without reducing the use of space at the School.
The PROACT-SCIPr-UK¢ acronym stands for 'Positive Range of Options to Avoid Crisis and use Therapy,
Strategies for Crisis Intervention and Prevention,. Whilst PLLUSS means 'Personalised Learning for Life
Using Supportive Strategies., These curricular approaches include ways of educating children who find the
regular classroom prohibitive to learning. These programmes are delivered to ensure a culture of
understanding of the philosophy of positive approaches and behaviour support as a 'whole approach, to
enable learning to ta ke place for all in a person-centred way.
Page 5

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Our Objectives
Achievements and Performance
During the year the following progress was made against the objectives set in last year's annual report:
Objectives Set Last Year
Achievements
To expand the repertoire of consultancy services to The additional training and consultancy offer has
incorporate requests for support around specific expanded to
include
pre-assessment,
challenges and include additional training where consultancy and report around individuals and/or
appropriate.
situations where physical interventions are not
always necessary. These consultations may be
provided face-to-face or by Teams/telephone.
To enhance the support packages for families and Specific advice and support for parents and
young people with ASD.
families of young people with a diagnosis of ASD
has been extended through the training and
consultancy offer.
Continue to enhance the learning environment and We continue to have links with Wellesley school
offering more new opportunities both on site and in enhanced the Loddon children's offer of work
the local community.
related learning and socia l interaction.we have
on going building work to provide some of our
children with new accommodation.
To facilitate positive outcomes for individuals with The scope of work to facilitate positive outcomes
challenging behaviour by growing our local and for individuals and promote least restrictive
national networks in order to promote least approaches has expanded to include supporting
restrictive approaches.
Instructors to promote Proactive and Active
strategies withi n mainstream settings.
Extend our reach and positive reputation by Both Amelia Pedley and Helen Wood continue to
continuing to support other schools and local provide coaching to our partner
schools
networks to develop their own wellbeing through undertaking their own wellbeing journeys with
successfully coaching partner schools to complete the RAW programme. Both (mainstream} schools
the RAW programme and through conference have
experienced
some
challenges
with
speaking and webinars.
implementation, and it has been interesting to
compare their experiences with ours. I have
delivered two well-being-based online webinars
for the Education and Training Foundation which
have been well received.
review and
enhance
PROACT-SCIPr-UKO The PROACT-SCIPr-UKO curriculum has been
curriculum topics to include autism, co-production, further developed such to broaden the content
positive behaviour support and keeping safe.
around autlsm, coproduction and meaningful
approaches of including the voice of those with
'lived experience, positive behaviour support and
keeping safe
Page 6

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Development of the Charity {Trustees)
Following a period of senior leadership change, the Trustees appointed a new Chief Executive Officer
in March 2025, replacing the previous Principal-led model. The reasoning links in with the
Foundation's values that we work in a partnership in all that we do. While it is early days, the CEO
model aligns well to enable exceptional and committed distributed leadership, and supports greater
cross-team collaboration and partnership across the organisation.
Following a strategic review the trustees have approved phase 2 of a rebuilding programme which
was fully funded by the building fund established previously, along with prior surpluses. This will
build three new houses. This project commenced in October 2023 and is due to be completed June
2025.
Previously the Trustees reviewed the viability of keeping Field House Barn as a training centre and it
was decided that the best option was to sell and relocate Loddon Training to a more appropriate
sized facility. With the arrival of the new CEO in March 2025, this project is being reviewed alongside
the wider estates strategy, however it remains the intention to work towards housing the school
and training facilities on the same site.
The School
The School is inspected as a Children's Home once a year and as a School every three years. The School was
recognised as Good for its provision in social care and Outstanding in education during the last Ofsted
inspections. There were many achievements in the School during the year which included..
The school has been working with our project managers to complete phase 2 of the building project
with the development of new accommodation for three children's houses. This is due to be
completed in June 2025.
We have updated our data collection process for children's targets and adopted an even more
rigorous approach, this has been praised by external stakeholders. We will move forward further
and transfer over the information to a new app which allows us to link up data smoothly with other
departments: Therapies, Wellbeing, Arts etc.
We have continued to hold regular Green Week Therapy fun days for our young people and to
support staff understanding by modelling Strategies and resources. We have highlighted the
importance of this being embed to our culture and not one off tokenism. Feedback from staff in a
recent survey indicate staff feel well supported.
We have recruited a full Therapy team including two highly skilled and experienced therapists, a
speech and language therapist and occupational therapist who has taken on Clinical Lead
responsibilities. Their work is having a positive impact across the school. A new form of
communication system has been created, Grid App, and is embedded with a number of pupils and
will continue to expanded to the cohort.
We have been fundraising for items to support the children's learning and will continue to expand
this venture, with the potential of a Multi Use Games Area IMUGAI being the next project.
Page 7

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Loddon Training
Loddon Training continues to adapt to an ever changing market place maintaining its online courses and
'face to face, offerings, and supporting implementation of PROACT-SCIP-UKQ in to other sectors..
Loddon Training have a dynamic approach to the ongoing development of the PROACT-SCIPr-UK
curriculum ensuring that all courses remain appropriate, reflective of current guidance and
methodologies.
Trainers continue to develop their skills in all aspects of the PROACT-SCIPr-UK@ curriculum, taking
responsibility for specific topics to ensure a dynamic approach to delivery, such topics include
Applied Behaviour Analysis, Trauma Informed Care, co-production Autism and implementation of
a whole organisational approach.
Loddon Training continues to be included in various procurement directories to increase the
awareness of its offerings and promote 'the PROACT-SCIP-UK. whole approach curriculum,
through it's website and social media.
The marketing strategy continues on the development of key messages and the promotion of
training services and the PROACT-SCIPr-UKO brand through the website and our social media
channels.
Loddon Training increased the number of Aff iliate Organisations under the Bild ACT certification for
PROACT-SCIPr-UK@ and PROACT-SCIPr-UKO Centres. This increases the marketability of the training
with certification being mandatory for services where there is a health funded component or for
those inspected by CQC.
The demand for consultancy work continues to increase with the scope broadening to include
supporting organisations to take individuals who are moving in to supported living
accommodation. Support for parents and family carers, and foster carers continues through the
provision of both training and consultancy services, locally and nationa Ily.
Outreach
Advice and support is provided 'face to face, to a wider audience to include parents and families
enabling the person to maintain a better quality of life.
Social Media is used as a mechanism for disseminating information and raising the profile of the
approach as is the addition of 'white papers,.
Public Benefit
The Trustees confirm that they have regard to the Charity Commission's guidance on public benefit and this
is shown in the reporting of the Charity's objectives and achievements. These are summarised below-
The School provides fully residential places for up to 30 children who need education care and
support and all are fully funded by local authorities, with no private placements.
Page 8

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Loddon Training provides training to schools, residential. day services and supporting living settings
from the statutory, private or voluntary sectors. The training is important and is in great demand
and benefits children and adults with a wide range of needs and diff iculties.
The Charity provides support to parents and professionals needing advice and support.
Loddon Training provides subsidised courses for parents and family carers.
Staff contribute freely to national conferences and consultations.
The School invites the local community to share in events and observe the work.
The Charity provides employment and training leading to national qualifications.
The Charity shares its advanced knowledge of autism, learning disabilities and restrictive behaviours
with other professionals e.g. the SHIP PBS network group and other online forums.
The Charity shares its expertise with local disability forums, and other charities.
The Charity supports parents and families and other charities with training.
Financial Review
The charity has generated an increase in its unrestricted reserves of £285,690. The surplus was generated
by investments £176,488, Loddon Training £115,918, donations of £9,386, and unfortunately a deficit in
school operations of {£16,1021.
The surplus for the year plus depreciation have been transferred to a designated building fund which the
Trustees have established as a contribution towards funding the restoration and refurbishment of the
main house on the school site, which we aim to complete in the next few years. After careful consideration
that trustees approved capital spending of £50,195 to install air conditioning units in two of our houses,
replace an older school vehicle and replace our gas tanks.
The principal source of income this year is from our long term investment in Schroders and bank interest
received. We are not dependent on donations which is less that l¢/0 of our total income for the year. The
school fee income has been applied to provide residential care and education for the pupils in the School.
We increased school fees by an average of 6% for existing students plus a 7Yo increase on new students,
therefore an increase in our school fee income, overall our income has increased by 8% which is a result of
a increase in overall student fees.
Staff wages and salaries account for 79/0 of the costs of running the foundation. Wages and salaries
increased from last year by £893k, however agency costs has also decreased by £304k. Our staff benefited
from a 3.5Yo increase across the most of the Foundation. The charity has been acutely aware of the
pressure to increase salaries to remain competitive and reduce our care vacancy deficit which has proved
successful in 2024-25.
During the year the Charity has spent £53,556 on capital investment. The capital expenditures included:
WIFI Access points1£2,7041
Solar Panels (£28,734)
Balance sewage Tank 1£12,2381
Freezer (£1,578)
Air conditioning unit1£5.3141
Specialist cha ir and bed1£2,988}
Page 9

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Reserve5 and Financlal Health
The Trustees regularly review the finances, budgets and spend against budget as part of the effective
governance of the charity.
The Charity budgets to ensure the School is self funded but it is supported by the return on its investments
and the surplus generate by Loddon Training to replace and renew the facilities the charity requires to
pursue its charitable aims.
The level of school fees is reviewed annually by the Trustees in liaison with the Charity Leadership Team.
Fee invoices are raised quarterly in advance which contributes to healthy cash balances at the beginning of
each quarter. In the normal course of events therefore the Trustees do not foresee difficulties in the
Charity's cash flow position.
The Trustees consider the greatest financial risk to the charity is the local authority austerity programme
which has resulted in councils delaying payments and contesting inf lationary increases in fees.
The Trustees consider it prudent to have a surplus to enable the School and Loddon Training to continue
operating during a period of reduced income or increased expenditure. A reserve equivalent to at least
three months average expenditure is held.
The Trustee's will continue with the building project that has been established and will once again transfer
the surplus made this year after capital expenditure into the separate Building Fund reserve. The surplus
made in 2024-25 will be held in the building project reserves as a contribution towards the restoration and
refurbishment of the main house in preparation of this becoming offices for support services and training
once the students have moved into the new accommodation. This project is set to commence in the next
few years.
2024-25
2023-24
Total Funds
Less:
Invested in fixed assets
£15,105,246
£14,819,556
£11,717,859
£9.335,121
£3,387,387
£5,484,435
£3,387,387
£2,014,803
£5,484,435
£1,969,723
Reserves of 3 months
Designated building fund
Designated main house fund
Capital expenditure
£640,969
£679,115
£52,500
£3,025,787
£445.925
£43,000
Funds available for charitable purposes
£0
£0
The Trustees will continue to review its reserves policy in the light of the economic climate to ensure they
continue to be set at a realistic level.
Page 10

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Investment Policy and Performance
The Trustees, having regard to the liquidity requirement of operating the Loddon Foundation and to the
reserves policy, have formally operated a policy of keeping two thirds of the funds in Deposit accounts and
one third in Equities and Bonds. At the year end the charity had cash deposlts of £4,026,907 and
£1,629,653 invested in the Cazenove charity multi-asset fund. The £4m held in cash represents: £0.6m held
to fund phase 2 of the school building project and £2m held as a 3 month cost reserve with the balance
representing the school fees paid in advance by the local authorities. Whilst currently more is held in
deposits than the policy states, it has been left as cash reserves as it will be spent in the coming year on the
new school buildings .
The investments in the Cazenove charity multi-asset fund has increased by £40,872. The trustees take a
long-term view to investment and are pleased the initial investment of £1,000,000 made in January 2015
has increased to £1,629,653 over ten years.
The investment policy is continually reviewed in conjunction with the reserves policy.
Plans for Future Periods
Key objectives for the coming year have been agreed between the Board of Trustees and the Charity
Leadership Team.
The continued focus of the Charity is to:
Expand the repertoire of consultancy services to include mainstream educational settings.
Enhance the support packages for mainstream education, supported living and parent5 and carers
supporting individuals with ASD.
Broaden our offer to include additional levels of training in the PROACT-SCIPr-UKQ whole approach
curriculum for organisations who do not require physical interventions.
Widen our presence, increase our profile, and broaden our network through the implementation of an
enhanced marketing and communications strategy.
Extend our reach and positive reputation by continuing to support other schools and local networks to
develop their own wellbeing through successfully coaching partner schools to complete the RAW
programme and through conference speaking and webinars.
Continue to enhance the learning environment and offering more new opportunities both on site and
in the local community.
Continue to facilitate positive outcomes for individu315 with challenging behaviour by growing our local
and national networks in order to promote least restrictive approaches.
Page 11

The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
Expand the delivery of trauma informed approaches and the provision of good quality SUPPOrt through
the PROAcf- SCIPr-uK￿ curriculum.
Develop materials to support organisational implementation of the PROACT-SCIPr-UK whole approach.
Continue to provide support for parents and carers through the provision of informal coffee mornings and
'open sessions,.
Risk Management
The Trustees have a risk management strategy and a Risk register which has been developed in partnership
with the Charity Leadership Team. This is reviewed annually to highlight..
Current and future risks that the Charity may face.
The establishment of systems and procedures to limit those risks and mitigate any losses suffered.
The implementation of procedures designed to minimise any potential impact on the charity should
those risks materialise.
A key area that the Trustees review each year is the impact of possible conflicts of interest within the
Board, especially in relation to Liaise Loddon Ltd. The Board feel that this area is well understood and
managed especially now the number of current Trustees has increased.
At the operational level the Key risks facing the charity are:
Reputational risk arising from a safeguarding incident. The school has extensive safeguardi ng policies
which include safe recruitment at the time of appointment, extensive induction training which is
regularly re-enforced and check procedures which are implemented at the first suggestion of any
issue arising.
Local authority funding from central government is being cut back and this may eventually reduce
the willingness of the local a uthorities to pay for the level of care provided by the school. The school
holds the equivalent of three months of charity running costs back in reserves.
The School must ensure it can continue to meet the changing standards required by Ofsted. To do
this it employees a School improvement consultant and trains its staff at induction and re-enforces
annually their safeguarding obligations.
The recruiting of a full team of care staff has been difficult during recent years and the risk has been
mitigated by hiring agency staff at additional costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02448785 (England and Wales)
Page 12

**The Loddon Foundation Ltd** 

## **Report of the Trustees for the Year Ended 31st March 2025** 

## **Registered Charity number** 802188 

## **Registered office** 

The Loddon School Wildmoor Lane Sherfield-On-Loddon Hook Hampshire RG27 OJD 

## **Trustees** 

SJ Corbett Senior Pbs Clinician S Fussey Retired Company Director M R Lakin Retired R W Lycett Retired J A Wake Retired Registered Care Manager R Avis Retired G Day Retired S A Swanson Retired (resigned 21.6.24) H Key (appointed 27.11.24) J E Gibbons (appointed 27.11.24) 

## **Auditors** 

Sheen Stickland Chartered Accountants Statutory Auditors 2 Oriel Court Omega Park Alton Hampshire GU34 2YT 

## **Investment Advisers and Managers** 

Schroder & Co. Limited 1 London Wall Place London EC2Y SAU 

## **Senior Management Team** 

Chief Executive Officer Richard Kennett Director of Loddon Training Janet Bromley Director of Care (Registered Care Manager) Tim Clark Director of Finance and Company Secretary Elizabeth Fairhead Director of Human Resources Sarah Jeffrey 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

The trustees (who are also the directors of The Loddon Foundation Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Page 13 



The Loddon Foundation Ltd
Report of the Trustees
for the Year Ended 31st March 2025
STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of the charitable company for that period.
In preparing those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding
the assets of the charitable company and hence for taking reasonable steps for the prevention and
detection of fra ud and other irregularities.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The Auditors, Sheen Stickland will be proposed for re-appointment at the forthcoming Annual General
Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees. as the
company directors, on
3.o./..? 12.og-:S
and signed on the board's behalf by:
G Day- Trustee
Page 14

Report of the Independent Auditors to the Members of
The Loddon Foundation Ltd
Opinion
We have audited the financial statements of The Loddon Foundation Ltd {the 'ch3ritable company'l for the
year ended 31st March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the
Cash Flow Statement and notes to the financi31 statements. including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is a pplicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31st March 2025 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the
f inancial statements in the U K, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's
ability to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information
included in the Annual Report, other than the financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such materi31 inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a material misstatement in the financial statements themselves. If, based on the
work we have performed, we conclude that there 15 a material misstatement of this other information, we
are required to report that fact. We have nothing to report in this regard.
Page 15

Report of the Independent Auditors to the Members of
The Loddon Foundation Ltd
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit..
the information given in the Report of the Trustees for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matter5 on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us
to report to you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been
received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Responsibllities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the
directors of the charitable company for the purposes of company lawl are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view. and for such internal
control as the trustees determine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In prepari ng the f inancial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company
or to cease operations, or have no realistic alternative but to do so.
Page 16

Report of the Independent Auditors to the Members of
The Loddon Foundation Ltd
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent
Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with15As IUKI will always detect a material misstatement
when it exists. Misstatements can arise from f raud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below:
We ensured that the engagement team collectively had the appropriate competence, capabilities and skills
to identify or recognise non-compliance with applicable laws and regulations.
The laws and regulations applicable to the charity were identified through discussions with the trustees and
other management, also from our commercial knowledge and experience of the incorporated charity. Of
these laws and regulations, we focused on those that we considered may have a direct material effect on
the financial statements or the operations of the company, including but not limited to The Companies Act
2006, taxation legislation, data protection, anti-bribery, anti-money-laundering,
employment,
environmental and health and safety legislation.
The extent of compliance with these laws and regulations identified above was assessed through making
enquiries of management and inspecting legal expenditure and correspondence. The identified laws and
regulations were communicated within the audit team, the team remained alert to instances of
non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including
obtaining an understanding of how fraud might occur by..
making enquiries of management as to where they considered there was susceptibility to fraud,
them knowledge of actual, suspected and alleged fraud;
To address the risk of fraud through management bias and override of controls, we:
tested journal entries to identify unusual transactions,.
performed analytical procedures to identify any unusual or unexpected relationships,.
assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias.
and investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed
procedures which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance,.
enquiring of management as to actual and potential litigation and claims;
and reviewing correspondence relevant regulators and the charity's legal advisors.
Page 17

Report of the Independent Auditors to the Members of
The Loddon Foundation Ltd
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial statements, as we will be less likely to become aware of
instances of non-compliance. The risk is also greater regarding irregularities occurring due to fra ud rather
than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms
part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditors, report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work, for this report, or for the opinions we have formed.
David Sanders FCA Isenior Statutory Auditor)
for and on behalf of Sheen Stickland
Chartered Accountants
Statutory Auditors
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT
Date:
Page 18

The Loddon Foundation Ltd
Statement of Financial Activities
for the Year Ended 31st March 2025
2025
Tota I
funds
2024
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
9,387
15,000
24,387
33,122
Charitable activities
Operations of the school
Training and workshops
8,822,224
786,252
8,822,224
786,252
8,146,592
703,847
Investment income
Other income
135,616
135,616
166,056
1,598
Total
9,753,479
15,000
9,768,479
9,051,215
EXPENDITURE ON
Charltable actlvities
Operations of the school
Training and workshops
8,838,327
670,334
15,000
8,853,327
670,334
8,493,065
526,442
Total
9,508,661
15,000
9,523,661
9,019,507
Net gains on investments
40,872
40,872
153,220
NET INCOME
Transfers between funds
285,690
116,0731
285,690
184,928
21
16,073
Net movement in funds
269,617
16,073
285,690
184,928
RECONCILIATION OF FUNDS
Total funds brought forward
14,819,461
95 14,819,556
14,634.628
TOTAL FUNDS CARRIED FORWARD
15,089,078
16,168 15,105,246
14,819,556
The notes form part of these financial statements
Pa￿e 19

The Loddon Foundation Ltd
Balance Sheet
31st March 2025
2025
2024
Notes
FIXED ASSETS
Tangible assets
Investments
14
15
10.088,206
1.629,653
7,746,340
1,588.781
11,717,859
9,335,121
CURRENT ASSETS
Debtors
Investments
Cash at bank and in hand
16
17
3,195,743
2,214,625
412,310
5,594,347
4,026,907
7,222,650
8,221,282
CREDITORS
Amounts falling due within one year
18
13,835,263} 12,736,847)
NET CURRENT ASSETS
3,387,387
5,484,435
TOTAL ASSETS LESS CURRENT LIABILITIES
15,105,246
14,819,556
NET ASSETS
15,105,246
14,819,556
FUNDS
U nrestricted funds
Restricted funds
21
15,089,078
16,168
14,819,461
95
TOTAL FUNDS
15,105,246 14,819,556
The financial statements were approved by the Board of Trustees and authorised for issue on
..ho[..l./.oo.aS........ and were signed on its behalf by:
GDay-
rustee
The notes form part of these financial statements
Pa￿e 20

The Loddon Foundation Ltd
Cash Flow Statement
for the Year Ended 31st March 2025
2025
2024
Notes
Cash flows from operating activities
Cash generated from operations
530,616
229,945
Net cash provided by operating activities
530,616
229,945
Cash flows from investing activitles
Purchase of tangible fixed assets
Sale of tangible fixed assets
Current asset investment movement
Interest received
(2,596,350)
2,750
412,310
83,234
{620,067}
1,800
92,693
116,661
Net cash used in investing activities
{2,098,0561
1408,9131
Change in cash and cash equlvalents In
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
11,567,440)
1178,9681
5,594,347
5,773,315
Cash and cash equivalents at the end
of the reporting period
4,026,907
5,594,347
The notes form part of these financial statements
Page 21

The Loddon Foundation Ltd
Notes to the Cash Flow Statement
for the Year Ended 31st March 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Gain on investments
Loss/lprofitl on disposal of fixed assets
Interest received
Increase in debtors
I ncrease in creditors
285,690
184,928
250,764
140,8721
970
183,2341
1981,118}
1,098,416
260,997
1153,2201
{1,5981
1116,661)
(214,6801
270,179
Net cash provided by operations
530,616
229,945
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
Cash flow
At 31.3.25
Net cash
Cash at bank and in hand
5,594,347
{1,567,4401
4,026,907
5,594,347
{1,567,440)
4,026,907
Liquid resources
Deposits included in cash
Current asset investments
412,310
(412,3101
412,310
1412,310}
Total
6,006,657
11,979,750)
4,026,907
The notes form part of these financial statements
Page 22

The Loddon Foundation Ltd
Notes to the Financial Statements
for the Year Ended 31st March 2025
GENERAL INFORMATION
The Loddon Foundation Ltd a private company limited by guarantee incorporated in England and
Wales. The registered office and principle place of business is The Loddon School, Wildmoor Lane,
Sherfield-on-Loddon, Hook, Hampshire, RG27 OJD.
ACCOUNTING POLICIES
Basi5 of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102) (effective l January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention, with the
exception of investments which are included at market value, as modified by the revaluation of
certain assets.
The financial statements a re presented in sterling which is the fu nctional currency of the charity and
rounded to the nearest pound.
The reporting period is for the year ended 31st March 2025.
Golng concern
At the time of approving the financi315tatements, the trustees have a reasonable expectation that
the charity has adequate resources to continue in operation31 existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements,
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have
been met, the amounts can be measured reliably, and it is probable that income will be received.
School fees, training and workshop fees and other income are recognised in the Statement of
Financial Activities in the period in which the service is provided. Fees are invoiced quarterly in
advance, and training and workshops are invoiced in advance to the course being provided. Income
received in advance is recognised as deferred income.
Cash donations are recognised on receipt. Income tax recoverable in relation to donations received
under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under heading5 that
aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with the use of resources. The
irrecoverable VAT 15 included with the item of expense to which it relates.
Page 23
continued..-

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
ACCOUNTING POLICIES- continued
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably.Overheads have
been allocated on the basis of actual spend by activity.
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, governance costs, financial administration, IT support and payroll
costs. They are incurred directly in support of expenditure of the objects of the charity.
Where sUPPOrt costs cannot be directly attributed to particular headings they have been allocated
to expenditure on charitable activities.
Governance costs are those functions that assist the work of the charity but do not directly
undertake charitable activities. Governance costs include external audit, legal advice and indemnity
insurance for the Trustees, trustee meeting costs, and preparation of statutory accounts and
meeting statutory requirements.
Government grants
Government grants are recognised in the statement of Financial Activities when there is reasonable
assurance that the cond itions of the grant will be met, and grants will be received. Grants received
before the recognition criteria are met are included as a liability. Government grants are recognised
at fair value.
Charltable actlvitles
The Charity undertakes two principle activities: a School which provides education and care for 30
12023., 301 children. The charity also provides training courses for a number of organisations through
Loddon Training & Consultancy, including Outreach services within the UK and internationally
through the provision of training and support to include a small on-going programme in Zambia.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation, which is provided in equal annual
instalments over the estimated useful lives of the assets, and any provision for impairment.
Individual assets over a cost of £1,000 are capitalised.
Assets in the course of construction cost includes professional fees and other directly attributable
costs necessary to bring the asset into use. Depreciation commences when the assets are ready for
their intended use.
Any gain or loss on disposal of an item of fixtures and fittings are determined by comparing the
proceeds from disposal with the carrying amount of fixtures and fittings, and is recognised within
other income/expenses in profit or loss.
The rates of depreciation applied to assets are as follows:
Freehold buildings- over 50 years
Page 24
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
ACCOUNTING POLICIES- continued
Tangible flxed assets
Property improvements- over 7 years
Motor vehicles - 25% reducing balance basis
Fixtures, f ittings and genera l equipment - 15Yo Stra ight line basis
Furniture, carpets, computers and high risk equipment - 33.3% straight line basis
Taxation
The charity is exempt from corporation tax on its charitable activities.
During the financial year the foundation registered for VAT, turnover is shown in the profit and loss
account exclusive of VAT and a VAT liability has been recognised at the year end.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the cha rity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and pu rpose of each fund is included in the notes to the f inancial
statements.
Penslon costs and other p05t-retirement benefits
The charitable company operates a personal pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Activities in the
period to which they relate. The charitable company also operates a Teachers, Pensions Scheme,
details can be found in note 19.
The Charity has arranged a defined contribution pension scheme for all eligible employees. The
assets of this
scheme are held separately from those of the Charity. Pension costs charged in the Statement of
Financial
Activities represent the contributions payable by the Charity in the year.
Employee benefits
Short-term employee benefits costs are recognised as a liability and an expense. Redundancy
payments are recognised immediately as an expense when the charitable company is demonstrably
committed to terminate the employment of an employee or to provide termination
Fixed asset investments
Fixed asset investments are initially measured at their transaction value and are subsequently
measured at fair value at each reporting date. Realised or unrealised gains and losses on disposals,
or on revaluation, are recognised in the Statement of Financial Activities.
Realised and unrealised gains and105ses
Page 25
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
ACCOUNTING POLICIES - continued
All gain5 and losses are taken to the Statement of Financial Activities as they arise. Realised gains
and losses on investments are calculated as the difference between sales proceeds and opening fair
value (purchase date if later). Unrealised gains and losses are calculated as the difference between
the fair value at the year end and opening fair value (or purchase date if later). Realised and
unrealised gains are not separated in the Statement of Financial Activities.
Cash and cash equlvalents & current asset investments
Cash and cash equivalents include cash in hand, cash at bank and other short-term liquid
investments with original maturities of three months or less. Current asset investments represent
short-term investments with original maturities of more than three months.
Debtors
Short term debtors are stated at the settlement amount due after any trade discount offered.
Appropriate allowances for estimated irrecoverable amounts are recognised in the Statement of
Financial Activities when there is objective evidence that the asset is impaired.
Credltors
Creditors and provisions are measured at their settlement value.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the charity's accounting policie5, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates,
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
Critical accounting estimates and assumptions
Fixed asset investments
Fixed asset investments are classified as such after consideration is given for their intended purpose.
The trustees have given consideration as to how the investments will be used in the future. The
resources are considered to be in long term use.
Page 26
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
DONATIONS
2025
2024
Donations
24,387
33.122
Donations of £15,00012024: £27,015) are restricted whilst donations of £9,38712024: £6,107) are
unrestricted.
INVESTMENT INCOME
2025
2024
Rents received
Deposit account interest
52,382
83,234
49,395
116,661
135,616
166,056
INCOME FROM CHARITABLE ACTIVITIES
2025
2024
Income analysed by class of business:
Charitable activities
Operations of the School
Training and workshops
8,822,224
786,252
8,146,592
703,847
9,608,476
8,850,439
OTHER INCOME
2025
2024
Gain on sale of tangible fixed assets
1,598
Page 27
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
CHARITABLE AcTIV￿lEs COSTS
Support
costs {see
note 91
Direct
Costs
Tota15
Operations of the school
Training and workshops
8,682,474
650,187
170,853
20,147
8,853,327
670,334
9,332,661
191,000
9,523,661
SUPPORT COSTS
Governance
costs
Finance
Other
Totals
Operations of the school
Training and workshops
13,119
75,590
3,626
82,144
16,521
170,853
20,147
13,119
79,216
98,665
191,000
10. NET INCOME/IEXPENDITURE)
Net income/lexpenditurel is stated after charging/lcrediting}:
2025
2024
Auditors, remuneration
Depreciation - owned assets
Hire of plant and machinery
Other operating leases
l Def icitl/surplus on disposal of fixed assets
20,668
250,764
250,853
13,119
970
20,803
260,996
233,381
15,564
11,598}
Included in the Auditors remuneration is costs for other services,. £4,060 for the accounts
preparation {2024: £3,690} teachers pension audit £1,30012024.' £1,210).
Page 28
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
11. TRUSTEES. REMUNERATION AND BENEFITS
The Trustees did not receive any remuneration during the year ended 31st March 2025 (2024: £Nill.
Gifts were made to one trustee totalling £Nil {2024: EIOO).
Trustees, expenses
Expenses relating to travel and meetings totalling £120 were reimbursed to two Trustees (2024:
£556 to two Trustees}.
Cost of Trustee indemnity insurance borne by the Charity within the year was £1,875 12024
£2,412).
12. STAFF COSTS
2025
2024
Wages and salaries
Social security costs
Other pension costs
6,532,195
546,852
312,899
6,093,041
453,379
256,262
7,391,946
6,802,682
Agency costs of £1,039,453 12024.. £1,343,302) were paid during the year and are included in the
wages and salaries cost shown above.
The average monthly number of employees during the year was as follows..
2025
167
2024
162
School
Training and workshops
175
170
The number of employees whose employee benefits (excluding employer pension costs} exceeded
£60,000 was:
2025
2024
£60,001- £70,000
£80,001- £90,000
Pension contributions of £26,137 {2024- £38.0641 were made in respect of the above employees.
Remuneration of key management personnel
Page 29
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
12.
STAFF COSTS- continued
The remuneration of key management personnel is as follows.
2025
2024
Aggregate compensation
331,510
431,954
The key management personnel of the Charity are the Charity Leadership Team, as detailed on the
Legal and Administrative Information page.
13, COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations
6,107
27,015
33,122
Charltable activities
Operations of the school
Training and workshops
8,146,592
703,847
8,146,592
703,847
Investment income
Other income
166,056
1,598
166,056
1,598
Total
9,024,200
27,015
9,051,215
EXPENDITURE ON
Charitable activities
Operations of the school
Training and workshops
8,466,010
526,442
27,055
8,493,065
526,442
Total
8,992,452
27,055
9,019,507
Net gains on investments
153,220
153,220
NEf INCOME/(EXPENDITURE}
184,968
140}
184,928
RECONCILIATION OF FUNDS
Total funds brought forward
14,634,493
135 14,634,628
Page 30
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted
funds
funds
Total
funds
TOTAL FUNDS CARRIED FORWARD
14,819,461
95 14,819,556
14. TANGIBLE FIXED ASSET5
Assets in
the
course of
constr
uction
Fixtures
and
fitti ngs
Freehold
property
Motor
vehicles
Totals
COST
At 1st April 2024
Additions
Disposals
9,840,430
47,864
774,212
2,534,799
233,848
5,692
189,248 11,037,738
7,995
2,596,350
(8,9951
{8.9951
At 31st March 2025
9,888,294
3,309,011
239,540
188,248
13,625,093
DEPRECIATION
At 1st April 2024
Charge for year
Eliminated on disposal
2,961,358
229,088
192,390
8,688
137,650
12,988
15,2751
3,291,398
250,764
{5,275)
At 31st March 2025
3,190,446
201,078
145,363
3,536,887
NET BOOK VALUE
At 31st March 2025
6,697,848
3,309,011
38,462
42,885 10,088,206
At 31st March 2024
6,879.072
774,212
41,458
51,598
7,746,340
Page 31
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
15. FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1st April 2024
Gain/lloss) on investment
1.588,781
40,872
At 31st March 2025
1,629,653
NET BOOK VALUE
At 31st March 2025
1,629,653
At 31st March 2024
1,588,781
There were no investment assets located outside the UK.
Cost or valuation at 31st March 2025 is represented by:
Listed
investments
Valuation in 2025
1,629,653
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Other debtors
Prepayments and accrued income
3,034,289
25,947
135,507
2,054,530
21,956
138,139
3,195,743
2,214.625
Page 32
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements- continued
for the Year Ended 31st March 2025
17.
CURRENT ASSET INVESTMENTS
2025
2024
Unlisted investments
412,310
Current asset investments relate to short term bonds with maturities of more than 6 months but
less than 12.
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
VAT
Other creditors
Accruals and deferred income
437,125
880,737
65,946
2,451,455
348,784
69,681
2,318,382
3,835,263
2,736,847
At the year end pension contributions of £34,46012024: £29,284) were outstanding and included in
creditors.
19. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows..
2025
2024
Within one year
Between one and five years
28,264
112,415
26,763
104,338
140,679
131,101
Page 33
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
20.
ANALYSIS OF NET ASSETS BEfwEEN FUNDS
2025
Total
funds
2024
Total
funds
Unrestricted Restricted
fund5
funds
Fixed assets
Investments
Current assets
Current liabilities
10,088,206
1,629,558
7,206,577
{3,835,2631
10,088,206
7,746,340
1,629,653
1,588,781
7,222,650
8,221,282
13,835,263) {2,736,8471
95
16,073
15,089,078
16,168
15,105,246
14,819,556
21. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.25
At 1.4.24
Unrestrlcted funds
General fund
Designated fund - Building
development fund
Designated fund- Main house building
project
11,347,749
2,123,256
13,471,005
3,025,787
{2,384,8181
640,969
445,925
285,690
245,489
977,104
14,819,461
285,690
{16,0731 15,089,078
Restrlcted funds
Zambia fund
Student Funds
95
95
16,073
16,073
95
16,073
16,168
TOTAL FUNDS
14,819,556
285,690
15.105,246
Page 34
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
21.
MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows-
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
Gener31 fund
Designated fund Main house building
project
9,467,789
19,508,661}
40,872
285,690
285,690
9,753,479
{9,508,6611
40,872
285,690
Restricted funds
Zambia fund
15,000
{15,0001
TOTAL FUNDS
9,768,479
19,523,661}
40,872
285.690
Comparatives for movement in funds
Net
Transfers
between
funds
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
Designated fund - Building
development fund
Designated fund- Main house building
project
10,834,493
381,061
132,195
11,347,749
3,800,000
(196,0931 {578,1201
3,025,787
445,925
445,925
14,634,493
184,968
14,819,461
Restrlcted funds
Zambia fund
135
140)
95
TOTAL FUNDS
14,634,628
184,928
14.819,556
Page 35
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
21.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losse5
in funds
Unrestrirted funds
General fund
Designated fund - Building
development fund
9,024,199
18,796,358)
153,220
381,061
1196,0941
1196,093)
9,024,200
18,992,452}
153,220
184,968
Restricted funds
Zambia fund
27,015
127,0551
1401
TOTAL FUNDS
9,051,215
{9,019,507)
153,220
184,928
A current year 12 months and prior year 12 months combined position is as follows,.
Net
movement
in funds
Transfers
between
funds
At
31.3.25
At 1.4.23
Unrestrlcted funds
General fund
Designated fund Building
development fund
Designated fund - Main house building
project
10,834,493
381,061
2,255,451
13,471,005
3,800,000
(196,0931 12,962,938)
640,969
285,690
691,414
977,104
14,634,493
470,658
116,0731 15,089,078
Restricted funds
Zambia fund
Student Funds
135
140}
95
16,073
16,073
135
{401
16,073
16,168
TOTAL FUNDS
14,634,628
470,618
15,105,246
Page 36
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements- continued
for the Year Ended 31st March 2025
21. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in
the above are as follows..
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
Designated f und - Building
development fund
Designated fund- Main house building
project
18.491,988 118,305,019)
194,092
381,061
1196,0941
(196,0931
285,690
285,690
18,777,679 118,501,113)
194,092
470,658
Restrlcted funds
Zambia fund
42,015
142,0551
1401
TOTAL FUNDS
18,819,694 118,543,168)
194,092
470,618
Designated fund Building Development Fund
The School has set up a designated fund to demonstrate to third parties (local authorities) the need
to generate a surplus each year in order to modernise our facilities.
Designated fund- Main House Building Project Fund
The School has set up a designated fund to demonstrate to third parties {local authorities) the need
to generate a surplus each year in order to restore and refurbish the main house on the school site.
Designated fund - Horticultural Project Fund
The School had received a donation from Drayton Manor which was used for the new outdoor
classroom.
Restricted Fund Zambia Fund
The School has received specific donations for its activities in Zambia. Where funds are donated for a
specific purpose they are held in restricted funds until they are spent for the purpose the donor
intended.
Restricted Fund - Student Fund
The School has received specific monies in relation to spending money for specific students. Where
funds are donated for a specific purpose they are held in restricted funds until they are spent for the
purpose the donor intended.
Page 37
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
22. EMPLOYEE BENEFIT OBLIGATIONS
The charity participates in the Teachers, Pension Scheme (TPSI for its teaching staff. The pension
charge fo the year includes contributions payable to the TPS of £74,00012024: £71,000).
The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers,
Pensions Regulations 2010 {as amended) and The Teachers, Pension Scheme Regulations 2014 las
amended). Members contribute a percentage of their salary to the scheme. Contributions from
members and the employer are credited to the Exchequer. Retirement and other pension benefits
are paid by public funds provided by Parliament.
Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme.
The Charity has accounted for its contributions to the scheme as if it were a defined contribution
scheme.
All pension contributions and liabilities are allocated to unrestricted funding, as all staff costs relate
to the general operation of the School.
The TPS is a statutory, contributory, defined benefit scheme, governed by the Teachers, Pension
Scheme Regulations 2014. Membership is on an opt out basis for teachers in the charity.
The employer contribution rate is set by the Secretary of State following scheme valuations
undertaken by the Government Actuary's Department. The most recent actuarial valuation of the
TPS was prepared as at 31 March 2020 and the Valuation Report was published in November 2023.
Following the Mccloud judgement, the remedy proposed that when benefits become payable,
eligible members can select to receive them from either the reformed or legacy schemes for the
period l April 2015 to 31 March 2022. The actuaries have assumed that members are likely to
choose the option that provides them with the greater benefits, and in preparing the 2020 valuation
has valued the 'greater value, benefits for groups of relevant members.
The employer contribution rate for the TPS is 28.6Yo, and employers are also required to pay a
scheme administration levy of 0.080A giving a total employer contribution rate of 28.68%.
23. CAPITAL COMMITMENTS
2025
2024
Contracted but not provided for in the financial statements
806,727
3,068,787
The capital commitment is the development cost for the Maple Grove property - phase 2 works fit
out of the houses, plus roofing repairs on the main house, oil tanks, new school vehicle and air
conditioning units.
Page 38
continued...

The Loddon Foundation Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
24.
RELATED PARTY DISCLOSURES
As at 31st March 2025 no amounts were owed by related parties12024: £Nill.
Total donations received from Trustees amounted to £Nil {2024: £Nill.
Page 39

The Loddon Foundation Ltd
Detailed Statement of Financial Artivities
for the Year Ended 31st March 2025
2025
2024
INCOME AND ENDOWMENTS
Donations
Donations
24,387
33,122
Investment income
Rents received
Deposit account interest
52,382
83,234
49,395
116,661
135,616
166,056
Charitable activities
Operations of the School
Training and Workshops
8,822,224
786,252
8,146,592
703,847
9,608,476
8,850,439
Other Income
Gain on sale of tangible fixed assets
1,598
Total incoming resources
9,768,479
9,051,215
EXPENDITURE
Charltable activities
Wages
Social security
Pensions
Catering
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Cleaning
Repairs and renewals
Subscriptions
Carried forward
6,532,195
546,852
312,899
250,853
41,680
95,916
186,234
28,334
33,689
38,390
99,307
162,367
414,542
10,400
8.753,658
6,093,041
453,379
256,262
233,381
33,735
74,192
215,500
30,094
39,501
40,477
107,402
173,055
287,615
10,148
8,047,782
This page does not form part of the statutory financial statements
Page 40

The Loddon Foundation Ltd
Detailed Statement of Financial Activities
for the Year Ended 31st March 2025
2025
2024
Charitable activities
Brought forward
Travel and subsistence
Staff training
Recruitment
Bank charges
Computer costs
Clothing
Resources
Motor expenses
Depreciation of freehold property
Depreciation of improvements to property
Depreciation of fixtures & fittings
Depreciation of motor vehicles
Depreciation of computer equipment
Loss on sale of tangible fixed assets
8,753,658
53,648
31,771
31,830
1,435
69,911
11,911
73,628
53,135
156,122
72,965
3,143
12,988
5,546
970
8,047,782
41,290
56,035
125,699
1,665
123,022
14,301
79,637
39,809
160,078
72,965
2,853
16,379
8,718
9,332,661
8,790.233
Support costs
Finance
Other operating leases
13,119
15,564
Other
Consultancy
Staff benef its
32,134
47,082
70,826
45,068
79,216
115,894
Governance costs
Auditors, remuneration
Legal fees
20,668
77,997
20,803
77,013
98,665
97,816
Total resources expended
9,523,661
9,019,507
Net income before gains and losses
244,818
31,708
Realised recognised gains and losses
Carried forward
244,818
31,708
This page does not form part of the statutory financial statements
Page 41

The Loddon Foundation Ltd
Detailed Statement of Financial Activities
for the Year Ended 31st March 2025
2025
2024
Realised recogni5ed gains and losses
Brought forward
Realised gains/llossesl on fixed asset
investments
244,818
31,708
40,872
153,220
Net income
285,690
184,928
This page does not form part of the statutory financial statements
Page 42