Company registration number 11519464 (England and Wales)
THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
Lynwood House
Crofton Road
Orpington
BR6 8QE
THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
COMPANY INFORMATION
Directors
S P Eccles
S E Lea
Members
I Morris
S P Eccles
Company number
11519464
Registered office
Bishops House
5 Kennington Park Place
London
SE11 4AS
Accountants
Affinia (Orpington)
Lynwood House
Crofton Road
Orpington
BR6 8QE
THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Balance sheet
4
Notes to the financial statements
5 - 8
THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 August 2025.

Principal activities

The Park College (the College) is an educational provision for young people aged 19-25 years with special educational needs, serving a catchment area largely in Southwark, although students from other areas also attend.

Directors

Constitution

The College is a company limited by guarantee without share capital. The company's articles of association are the primary governing documents of the College.

Details of the directors who served during the year are included on the Company Information page.

Members' liability

Each member of the company undertakes to contribute to the assets of the company in the event of it being wound up while they are a member, or within one year after they cease to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before they ceased to be a member.

Directors' indemnities

The C ollege has not given any indemnities or guarantees to any third parties in respect of its directors.

Method of recruitment and appointment or election of directors

Directors are appointed in accordance with the articles either by ordinary resolution of the members or by the directors. Further recruitment if needed will be from interested parties from local business or charities.

Organisational structure

The directors have ultimate responsibility for the activities and operations of the college. Day to day management is delegated to the College Principal.

Arrangements for setting pay and remuneration of key management personnel

None of the directors receive any remuneration for undertaking their role as directors of the company.

Related parties and other connected charities and organisations

The C ollege maintains a relationship with Spa Education Trust. Some of its students go on to join the College. Further details of transactions with the Trust are set out in the relevant note to the accounts ("Related Party Transactions").

THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -

Objectives and activities

Objects and aims

The principal object of the company is the advancement of education of 19-25-year old’s with autism and moderate learning difficulties. It achieves this through the operation of the College.

Objectives, strategies and activities

The College receives funding from Local Authorities, principally Southwark Council, which it uses to deliver a high-quality service to its students.

Public benefit

The directors have complied with their duty to have due regard to the guidance on public benefit issued by the Charity Commission in exercising their powers and duties.

Achievements and performance

Our tutors and job coaches work with each student to develop plans that match their interests, skills and future work choices. Our courses are practical and focus on job skills.

Going concern

After making appropriate enquiries, the Board of Directors has a reasonable expectation that the College has adequate resources to continue in operational existence for the foreseeable future. For this reason, the Board of Directors continues to adopt the going concern basis in preparing the Financial Statements. Further details regarding the adoption of the going concern basis can be found in the statement of accounting policies.

Financial review

The College had net assets (available funds) at 31 August 2025 of £116,859 (2024: £106,741).

Financial management is overseen by the directors and senior management who receive regular budget monitoring reports during the course of the financial year.

Reserves policy

No formal policy on reserves has been set by the directors beyond the general requirement to avoid structural accumulated deficits while ensuring a safety net exists for un expected costs and equitably spending grant and other income for the benefit of the students of the C ollege.

All revenue income of the C ollege is available for spending at the discretion of the directors in pursuance of the company's charitable objects.

Investment policy and powers

Funds are retained in the College bank account which is with one of the major UK clearing banks. Speculative investments are not permitted.

Progress to date

The College has maintained enrolments and developed a variety of external work experience placements which take place daily. This is in addition to the well-established in-house work experience offer. The College is now registered as an accreditation centre with recognition to deliver Functional Skills and BTec qualifications. A coffee shop is open to the general public and offers students the opportunity to increase their independence and social skills during their work experience in the shop. An external Coffee Shop, operated at a local art college, provides further work experience opportunities. The College training programmes continue to focus on employment skills and provide a broad range of work experience placements.

Plans for future periods

The College plans to continue to promote student recruitment whilst maintaining the high quality of teaching and learning, resulting in students achieving their planned outcomes and preparation for employment. The College plans to introduce Supported Internships for relevant students.

Funds held as custodian trustee on behalf of others

The C ollege does not hold any funds as custodian trustee on behalf of any third parties.

THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
S E Lea
Director
6 May 2026
THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
15,722
19,236
Current assets
Debtors
5
36,754
75,032
Cash at bank and in hand
151,376
113,353
188,130
188,385
Creditors: amounts falling due within one year
6
(86,993)
(100,880)
Net current assets
101,137
87,505
Net assets
116,859
106,741
Reserves
Income and expenditure account
116,859
106,741
Total members' funds
116,859
106,741

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 May 2026 and are signed on its behalf by:
S E Lea
Director
Company registration number 11519464 (England and Wales)
THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
1
Accounting policies
Company information

The Park College is a private company limited by guarantee incorporated in England and Wales. The registered office is Bishops House, 5 Kennington Park Place, London, SE11 4AS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, . The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements on an accruals basis in the period to which they relate.

Expenses include VAT where applicable as the company is not VAT registered and therefore unable to reclaim it.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
S/L over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 6 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less.

1.6
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.8
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. No material estimations are included in the accounts.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
9
THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
4
Tangible fixed assets
Computers
£
Cost
At 1 September 2024
31,601
Additions
5,874
At 31 August 2025
37,475
Depreciation and impairment
At 1 September 2024
12,365
Depreciation charged in the year
9,388
At 31 August 2025
21,753
Carrying amount
At 31 August 2025
15,722
At 31 August 2024
19,236
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
33,023
37,916
Other debtors
3,731
37,116
36,754
75,032
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
79
649
Government grants
63,459
1,000
Other creditors
11,666
7,939
Accruals and deferred income
11,789
91,292
86,993
100,880
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

THE PARK COLLEGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 8 -
8
Related party transactions

The Spa Education Trust is a related party by virtue of the fact that one of the directors of the College is also the Executive Headteacher and a director of the Spa Education Trust.

As at the 31 August 2025 there was no balance due to Spa Education Trust. The balance at 31 August 2024 was settled during the year ending 31 August 2025.

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