IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.9.24 31.8.25 31.8.25 FY Miss Z C Astley Dr R Monhemius Mrs T E Robertson Mrs K J White Miss V E Strugnell A D Beevers FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06156711 2024-08-31 06156711 2025-08-31 06156711 2024-09-01 2025-08-31 06156711 2023-08-31 06156711 2023-09-01 2024-08-31 06156711 2024-08-31 06156711 ns0:CharitableCompanyLimitedByGuarantee 2024-09-01 2025-08-31 06156711 ns15:PoundSterling 2024-09-01 2025-08-31 06156711 ns0:Trustee2 2024-09-01 2025-08-31 06156711 ns0:Trustee1 2024-09-01 2025-08-31 06156711 ns0:Trustee3 2024-09-01 2025-08-31 06156711 ns0:Trustee4 2024-09-01 2025-08-31 06156711 ns0:Trustee5 2024-09-01 2025-08-31 06156711 ns0:Trustee6 2024-09-01 2025-08-31 06156711 ns11:FRS102 2024-09-01 2025-08-31 06156711 ns11:IndependentExaminationCharity 2024-09-01 2025-08-31 06156711 ns11:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 06156711 ns11:FullAccounts 2024-09-01 2025-08-31 06156711 ns11:CharitiesSORP 2024-09-01 2025-08-31 06156711 ns16:EnglandWales 2024-09-01 2025-08-31 06156711 ns11:RegisteredOffice 2024-09-01 2025-08-31 06156711 ns11:CompanySecretary1 2024-09-01 2025-08-31 06156711 ns0:TotalUnrestrictedFunds 2024-09-01 2025-08-31 06156711 ns0:TotalRestrictedIncomeFunds 2024-09-01 2025-08-31 06156711 ns0:Activity8 2024-09-01 2025-08-31 06156711 ns0:TotalUnrestrictedFunds ns0:Activity8 2024-09-01 2025-08-31 06156711 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2024-09-01 2025-08-31 06156711 ns0:Activity8 2023-09-01 2024-08-31 06156711 ns0:Activity9 2024-09-01 2025-08-31 06156711 ns0:TotalUnrestrictedFunds ns0:Activity9 2024-09-01 2025-08-31 06156711 ns0:Activity9 ns0:TotalRestrictedIncomeFunds 2024-09-01 2025-08-31 06156711 ns0:Activity9 2023-09-01 2024-08-31 06156711 ns0:TotalUnrestrictedFunds 2024-08-31 06156711 ns0:TotalRestrictedIncomeFunds 2024-08-31 06156711 ns0:TotalUnrestrictedFunds 2025-08-31 06156711 ns0:TotalRestrictedIncomeFunds 2025-08-31 06156711 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-08-31 06156711 ns10:WithinOneYear ns0:TotalRestrictedIncomeFunds 2025-08-31 06156711 ns10:WithinOneYear 2025-08-31 06156711 ns10:WithinOneYear 2024-08-31 06156711 ns10:AfterOneYear ns0:TotalUnrestrictedFunds 2025-08-31 06156711 ns10:AfterOneYear ns0:TotalRestrictedIncomeFunds 2025-08-31 06156711 ns10:AfterOneYear 2025-08-31 06156711 ns10:AfterOneYear 2024-08-31 06156711 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2024-09-01 2025-08-31 06156711 ns10:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 06156711 2 2024-09-01 2025-08-31 06156711 3 2024-09-01 2025-08-31 06156711 1 2024-09-01 2025-08-31 06156711 1 2023-09-01 2024-08-31 06156711 ns10:OwnedAssets 2024-09-01 2025-08-31 06156711 ns10:OwnedAssets 2023-09-01 2024-08-31 06156711 ns0:TotalUnrestrictedFunds 2023-09-01 2024-08-31 06156711 ns0:TotalRestrictedIncomeFunds 2023-09-01 2024-08-31 06156711 ns0:TotalUnrestrictedFunds ns0:Activity8 2023-09-01 2024-08-31 06156711 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2023-09-01 2024-08-31 06156711 ns0:TotalUnrestrictedFunds ns0:Activity9 2023-09-01 2024-08-31 06156711 ns0:Activity9 ns0:TotalRestrictedIncomeFunds 2023-09-01 2024-08-31 06156711 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2024-08-31 06156711 ns10:PlantMachinery 2024-08-31 06156711 ns10:FurnitureFittings 2024-08-31 06156711 ns10:PlantMachinery 2024-09-01 2025-08-31 06156711 ns10:FurnitureFittings 2024-09-01 2025-08-31 06156711 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2025-08-31 06156711 ns10:PlantMachinery 2025-08-31 06156711 ns10:FurnitureFittings 2025-08-31 06156711 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2024-08-31 06156711 ns10:PlantMachinery 2024-08-31 06156711 ns10:FurnitureFittings 2024-08-31 06156711 ns10:WithinOneYear 2024-09-01 2025-08-31 06156711 ns10:BetweenOneTwoYears 2025-08-31 06156711 ns10:BetweenOneTwoYears 2024-08-31 06156711 ns10:BetweenTwoFiveYears 2025-08-31 06156711 ns10:BetweenTwoFiveYears 2024-08-31

REGISTERED COMPANY NUMBER: 06156711 (England and Wales)

REGISTERED CHARITY NUMBER: 1140307

| Report of the Trustees and |

| Unaudited Financial Statements |

| for the Year Ended 31 August 2025 |

| for |

| Zelda School |

| (A Company Limited by Guarantee) |

Zelda School

Contents of the Financial Statements

for the Year Ended 31 August 2025

| Page |

| Report of the Trustees | 1 |  | to |  | 4

| Independent Examiner's Report | 5 |

| Statement of Financial Activities | 6 |

| Balance Sheet | 7 |  | to |  | 8

| Notes to the Financial Statements | 9 |  | to |  | 17

Zelda School (Registered number: 06156711)

Report of the Trustees

for the Year Ended 31 August 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objective is:

"The advancement of education for children by establishing and running a primary school and otherwise supporting the education of young children."

At Zelda School we aim to develop happy,self-disciplined and motivated children. Children learn through play and projects, either individually or collaboratively. This is a place where parents and members of the wider community can take an active role in school life and where people are not measured against each other but against their own potential.

We aim to teach a love of learning and to stimulate natural curiosity by:

- Recognising each child's needs, talents and interests;

- Supporting the individual's style of learning by allowing them to create their own projects within the curriculum; and

- Giving children the motivation and reasons to research and study, allowing them to extend themselves.

We aim to provide children with the knowledge, skills and confidence to become democratic, self-respecting, loving adults.

Significant activities

This year we have continued to run Zelda School as a two class school at Holifield Farm in Cornwall, for up to 30 children each day.

Zelda School is a small environmentally friendly school, with buildings and furniture made from sustainable materials. We have been developing our gardens with the children and have a lovely vegetable patch with a poly-tunnel, a small woodland and an outdoor learning area. Outdoor learning and the environment are key features of education at Zelda School. There is a stable and highly committed team of staff working at Zelda School.

We continue to explore opportunities to further extend the Zelda School ethos to older groups of children and children in other geographical areas, and expand further into offering outdoor learning teacher training for mainstream school teachers.

This year has seen significant cost increases due to inflationary trends in the UK, which has resulted in a significant increase in fees charged. Demand has remained strong, however, and the school continues to be in a strong position to enhance learning in West Cornwall. Our Ofsted rating continues to be "Outstanding".

Public benefit

The trustees have given due consideration to Charity Commission published guidance on the operation of the Public Benefit requirement.

Volunteers

We would like to thank the many parents and carers who commit so much time and energy to Zelda School and make the running of a school like this possible. The support of parents who clean, come to workdays and support the school fundraising activities are much appreciated by the trustees and recognised as vital to building the school community.

Zelda School (Registered number: 06156711)

Report of the Trustees

for the Year Ended 31 August 2025

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The primary focus of our charity is the operation of a small school in Cornwall, for up to 30 children each day at Holifield farm in Gweek. Overall, around 50 families have benefited from the education provided at Zelda School over the last year, and 12 people are employed by Zelda School. Our school at Holifield continues to operate from from 2 yurt classrooms. Future plans for development of the school site include development of an improved access route to the school in collaboration with our landowners. Planning permission has now been obtained for this road and work is expected to commence in 2025. We have worked hard to support children with SEND this year, increasing our skills and knowledge through various training including PEG feeding and using life support equipment, training to identify and support Neurodiversity and training to support children with their speech and language development.

We have made further links with the wider community and worked hard as a school community to raise funds for additional equipment to enhance the educational experience of all the children who attend Zelda School. School parents have been responsible for continuing to develop our site with new opportunities for imaginative and creative play.. We have supported staff to gain further qualifications and improve their practice, which is supporting our mission and enhancing the quality of our service, including supporting an apprentice.

Fundraising activities

Zelda School is fortunate to have a very active school community which organises many fundraising events throughout the course of each year. Fundraising efforts have focused on raising funds for additional resources for the school, with the added benefit that the events are enjoyed by all who attend. .

FINANCIAL REVIEW

Financial position

The school made an overall net deficit of £1,641 this year, mainly due to the one off costs of replacing the yurt roof and paying the £2,500 contribution to the access road.

The principal sources of income were school fees of £86,622 (2024 £87,394) and Early Learning Scheme fees of £117,017 (2024 £97,593). In addition £1,200 was raised from the provision of a holiday club.

Total incoming resources were £11,858 higher than last year while total costs were £25,226 higher than last year.

Reserves policy

The trustees are seeking to build up the reserves to a level which could support the operations of the charity during any temporary reduction in local authority or private income.. The trustees are therefore working towards holding reserves of approximately six months core expenditure and the charity currently holds reserves equivalent to four months' planned expenditure.

FUTURE PLANS

We continue to develop the Zelda School vision for the next five years. Part of this has been to clearly define our strategic focus, which is 'To develop and innovate outdoor and child-led learning and to impact mainstream education.' The primary way in which we achieve this is by running the school and constantly testing and innovating new methods of outdoor learning (inspired to a large extent by the children's ideas). We aim to run teacher-training courses at Zelda School, which are very well received by teachers from mainstream schools who wish to learn how to bring their teaching 'outside'.

Plans are in place for the development of a 3rd classroom area at our Holifield Farm site, which we hope to start building in 2026. This will increase the number of families who are able to attend Zelda School and marks a significant increase in our facilities which we are very please to be able to undertake.

Future plans include increased exposure for senior staff members at conferences and workshops around the country, which is important to keep them connected with the wider educational landscape,and also for raising the profile of what we do at Zelda School.

Zelda School (Registered number: 06156711)

Report of the Trustees

for the Year Ended 31 August 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, its Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Potential new trustees are invited to attend the next trustees' meeting and given an information pack in order for them to understand the role. Should they wish to be considered further they are invited to explain how and why they would like to be involved, and the existing board votes on whether to accept their application. If successful, background checks are carried out before being approved by Ofsted.

Organisational structure

Chairperson |  | Mrs Victoria Strugnell |

Secretary |  | Mrs Zelda Astley |

Treasurer |  | Dr Russ Monhemius |

Management of school |  | Mrs Zelda Astley & Miss Jackie Cockerill |

Artistic director |  | Mrs T Robertson |

Fundraising directors |  | Mr Ashley Beevers & Hailey Tamblyn |

Wider network

This year we are again very grateful for all the support from Holifield Farm Project who have given us the use of the land on which we run Zelda School for a very low rent and have also allowed us to share their fabulous resources at Holifield Farm. This year has once again seen a focus on the core strengths of Zelda School, and a strengthening of the development plans for the future.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06156711 (England and Wales)

Registered Charity number

1140307

Registered office

Trewince Farm

Manaccan

Helston

Cornwall

TR12 6JD

Trustees

Miss Z C Astley Teacher

Dr R Monhemius Trustee

Mrs T E Robertson Artist and Housewife

Mrs K J White Copywriter

Miss V E Strugnell Area SEN casework officer

A D Beevers (appointed 25.11.24)

Mrs H J Tamblyn (appointed 6.5.25)

Company Secretary

Miss Z C Astley

Zelda School (Registered number: 06156711)

Report of the Trustees

for the Year Ended 31 August 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Natalie Coleman FCCA

Roy Pinnock & Co LLP

Chartered Certified Accountants

Wren House

68 London Road

St Albans

Hertfordshire

AL1 1NG

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 29 April 2026 and signed on its behalf by:

Dr R Monhemius - Trustee

Independent Examiner's Report to the Trustees of

Zelda School

Independent examiner's report to the trustees of Zelda School ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. | the accounts do not accord with those records; or

3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Natalie Coleman FCCA

Roy Pinnock & Co LLP

Chartered Certified Accountants

Wren House

68 London Road

St Albans

Hertfordshire

AL1 1NG

29 April 2026

Zelda School

Statement of Financial Activities

(Incorporating an Income and Expenditure Account)

for the Year Ended 31 August 2025

| 31.8.25 |  | 31.8.24

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 2 | - |  | - |  | - |  | 8,918 |

Charitable activities

Primary school | 204,909 |  | - |  | 204,909 |  | 184,987 |

Training courses | - |  | - |  | - |  | 70 |

Other trading activities | 3 | 3,617 |  | - |  | 3,617 |  | 2,736 |

Investment income | 4 | 49 |  | - |  | 49 |  | 6 |

Total | 208,575 |  | - |  | 208,575 |  | 196,717 |

EXPENDITURE ON

Raising funds | 493 |  | - |  | 493 |  | 854 |

Charitable activities | 5

Primary school | 198,058 |  | - |  | 198,058 |  | 175,439 |

Other | 9,165 |  | 2,500 |  | 11,665 |  | 8,697 |

Total | 207,716 |  | 2,500 |  | 210,216 |  | 184,990 |

NET INCOME/(EXPENDITURE) | 859 |  | (2,500 | ) | (1,641 | ) | 11,727 |

RECONCILIATION OF FUNDS

Total funds brought forward | 49,362 |  | 2,500 |  | 51,862 |  | 40,135 |

TOTAL FUNDS CARRIED FORWARD | 50,221 |  | - |  | 50,221 |  | 51,862 |

Zelda School (Registered number: 06156711)

Balance Sheet

31 August 2025

| 31.8.25 |  | 31.8.24

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

FIXED ASSETS |

Tangible assets | 11 | 6,698 |  | - |  | 6,698 |  | 8,930 |

CURRENT ASSETS |

Debtors | 12 | 7,368 |  | - |  | 7,368 |  | 11,138 |

Cash at bank and in hand | 46,013 |  | - |  | 46,013 |  | 64,066 |

53,381 |  | - |  | 53,381 |  | 75,204 |

CREDITORS |

Amounts falling due within one year | 13 | (9,181 | ) | - |  | (9,181 | ) | (27,595 | )

NET CURRENT ASSETS | 44,200 |  | - |  | 44,200 |  | 47,609 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 50,898 |  | - |  | 50,898 |  | 56,539 |

CREDITORS |

Amounts falling due after more than one year | 14 | (677 | ) | - |  | (677 | ) | (4,677 | )

NET ASSETS | 50,221 |  | - |  | 50,221 |  | 51,862 |

FUNDS | 16

Unrestricted funds | 50,221 |  | 49,362 |

Restricted funds | - |  | 2,500 |

TOTAL FUNDS | 50,221 |  | 51,862 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

Zelda School (Registered number: 06156711)

Balance Sheet - continued

31 August 2025

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

The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2026 and were signed on its behalf by:

R Monhemius - Trustee

Zelda School

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | ACCOUNTING POLICIES

| Basis 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 (FRS 102) '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 (FRS 102) (effective 1 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.

| The charity is a private company limited by guarantee.

| Management accounts are compared to termly projections of income and expenditure and reserves are maintained equivalent to three months' planned expenditure, of which staff salaries are the largest commitment.

| The school's income has increased again this year, due both to an increase in Early Learning Scheme fees and Holiday Club income. Although the accounts are showing a small net deficit, this is due to one off costs. In the opinion of the trustees the charity is a going concern.

| Income

| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

| Where school fees or Early Learning Scheme fees are received in advance of the term to which they relate, they are included in deferred income.

| 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. Expenditure is accounted for on an accruals basis and has been classified under headings 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.

| Governance costs

| Governance costs include the costs of preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

| Allocation and apportionment of costs

| Costs are allocated directly to the activity to which they relate. Where the costs incurred relate to more than one activity, they are apportioned on a basis consistent with the resource.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Yurt & Buildings | - | 25% on reducing balance

| Equipment | - | 25% on reducing balance

| Tangible assets are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

| Taxation

| The charity is exempt from corporation tax on its charitable activities.

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

1. | ACCOUNTING POLICIES - continued

| 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 charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

| Pension costs and other post-retirement benefits

| The charitable company operates a defined contribution 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.

| Debtors

| Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

| Creditors

| Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. | DONATIONS AND LEGACIES

| 31.8.25 |  | 31.8.24

£ | £ |

| Donations | - |  | 400 |  |

| Grants | - |  | 8,518 |  |

- |  | 8,918 |  |

| Grants received, included in the above, are as follows:

| 31.8.25 |  | 31.8.24

£ | £ |

| Best Practice Network | - |  | 7,000 |  |

| Other grants | - |  | 1,518 |  |

- |  | 8,518 |  |

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

3. | OTHER TRADING ACTIVITIES

| 31.8.25 |  | 31.8.24

£ | £ |

| Fundraising events | 3,557 |  | 2,736 |  |

| Yurt hire | 60 |  | - |  |

3,617 |  | 2,736 |  |

4. | INVESTMENT INCOME

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank interest receivable | 49 |  | 6 |  |

5. | CHARITABLE ACTIVITIES COSTS

| Direct

| Costs

£ |

| Primary school | 198,058 |  |

6. | SUPPORT COSTS

| Governance |

| Management |  | costs |  | Totals

£ | £ | £ |

| Other resources expended | 7,529 |  | 1,903 |  | 9,432 |  |

7. | NET INCOME/(EXPENDITURE)

| Net income/(expenditure) is stated after charging/(crediting): |

| 31.8.25 |  | 31.8.24

£ | £ |

| Independent examiner's remuneration | 1,020 |  | 984 |  |

| Depreciation - owned assets | 2,232 |  | 2,977 |  |

8. | TRUSTEES' REMUNERATION AND BENEFITS

| 31.8.25 |  | 31.8.24

£ | £ |

| Trustees' salaries | 29,574 |  | 24,130 |  |

| Trustees' pension contributions to money purchase schemes | 576 |  | 429 |  |

30,150 |  | 24,559 |  |

| The trustees' salaries shown above are as follows:

| Zelda Astley |  | Headteacher |  | £25,437 |  |

| Russ Monhemius |  | Administrator |  | £4,137 |  |

| Pension contributions made on behalf of trustees are as follows: |  |

| Zelda Astley |  | Headteacher |  | £576 |  |

| These payments are made under the authority of the Memorandum of Association. |  |  |

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

8. | TRUSTEES' REMUNERATION AND BENEFITS - continued

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

9. | STAFF COSTS

| 31.8.25 |  | 31.8.24

£ | £ |

| Wages and salaries | 146,049 |  | 140,464 |  |

| Social security costs | 1,584 |  | - |  |

| Other pension costs | 2,059 |  | 1,695 |  |

149,692 |  | 142,159 |  |

| The average monthly number of employees during the year was as follows:

| 31.8.25 |  | 31.8.24

| Teachers | 4 |  | 4 |  |

| Teaching assistants | 2 |  | 2 |  |

| Cook | 1 |  | 1 |  |

| Administrator | 1 |  | 1 |  |

8 |  | 8 |  |

| No employees received emoluments in excess of £60,000.

10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted |  | Restricted |  | Total

| fund |  | funds |  | funds

£ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 8,518 |  | 400 |  | 8,918 |

| Charitable activities

| Primary school | 184,987 |  | - |  | 184,987 |

| Training courses | 70 |  | - |  | 70 |

| Other trading activities | 2,736 |  | - |  | 2,736 |

| Investment income | 6 |  | - |  | 6 |

| Total | 196,317 |  | 400 |  | 196,717 |

| EXPENDITURE ON

| Raising funds | 854 |  | - |  | 854 |

| Charitable activities

| Primary school | 175,039 |  | 400 |  | 175,439 |

| Other | 8,697 |  | - |  | 8,697 |

| Total | 184,590 |  | 400 |  | 184,990 |

| NET INCOME | 11,727 |  | - |  | 11,727 |

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

| Unrestricted |  | Restricted |  | Total

| fund |  | funds |  | funds

£ | £ | £ |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 37,635 |  | 2,500 |  | 40,135 |

| TOTAL FUNDS CARRIED FORWARD | 49,362 |  | 2,500 |  | 51,862 |

11. | TANGIBLE FIXED ASSETS

| Yurt & |  | Furniture |

| Buildings |  | & fixtures |  | Equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 September 2024 and 31 August 2025 | 46,948 |  | 4,439 |  | 11,816 |  | 63,203 |  |

| DEPRECIATION

| At 1 September 2024 | 40,652 |  | 3,076 |  | 10,545 |  | 54,273 |  |

| Charge for year | 1,574 |  | 340 |  | 318 |  | 2,232 |  |

| At 31 August 2025 | 42,226 |  | 3,416 |  | 10,863 |  | 56,505 |  |

| NET BOOK VALUE

| At 31 August 2025 | 4,722 |  | 1,023 |  | 953 |  | 6,698 |  |

| At 31 August 2024 | 6,296 |  | 1,363 |  | 1,271 |  | 8,930 |  |

12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 31.8.25 |  | 31.8.24

£ | £ |

| Other debtors | 3,267 |  | 3,183 |  |

| Prepayments and accrued income | 4,101 |  | 7,955 |  |

7,368 |  | 11,138 |  |

| Other debtors is made up as follows:

|  | 31.8.25 |  | 31.8.24 |  |

| £ |  | £ |  |

| School fees |  | 4,767 |  | 3,183 |  |

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans and overdrafts (see note 15) | 4,000 |  | 4,000 |  |

| Deferred income | 4,027 |  | 22,263 |  |

| Accrued expenses | 1,154 |  | 1,332 |  |

9,181 |  | 27,595 |  |

| Deferred income represents school fees and Early Learning Scheme fees received in the year before that to which they relate.

|  | 2025 |  | 2024 |  |

| Balance brought forward |  | 22,263 |  | 2,501 |  |

| Released during the year |  | -22,263 |  | -2,501 |  |

| Received during the year |  | 4,027 |  | 22,263 |  |

| Balance carried forward |  | 4,027 |  | 22,263 |  |

14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans (see note 15) | 677 |  | 4,677 |  |

15. | LOANS

| An analysis of the maturity of loans is given below:

| 31.8.25 |  | 31.8.24

£ | £ |

| Amounts falling due within one year on demand:

| Bank loans | 4,000 |  | 4,000 |  |

| Amounts falling between one and two years:

| Bank loans - 1-2 years | 677 |  | 4,000 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 677 |  |

| During the year, the charity paid interest on its bank loan of £171 (2024 £272).

16. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1.9.24 |  | in funds |  | 31.8.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 49,362 |  | 859 |  | 50,221 |  |

| Restricted funds

| Access Road | 2,500 |  | (2,500 | ) | - |  |

| TOTAL FUNDS | 51,862 |  | (1,641 | ) | 50,221 |  |

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

16. | MOVEMENT IN FUNDS - continued

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 208,575 |  | (207,716 | ) | 859 |  |

| Restricted funds

| Access Road | - |  | (2,500 | ) | (2,500 | ) |

| TOTAL FUNDS | 208,575 |  | (210,216 | ) | (1,641 | ) |

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1.9.23 |  | in funds |  | 31.8.24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 37,635 |  | 11,727 |  | 49,362 |  |

| Restricted funds

| Access Road | 2,500 |  | - |  | 2,500 |  |

| TOTAL FUNDS | 40,135 |  | 11,727 |  | 51,862 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 196,317 |  | (184,590 | ) | 11,727 |  |

| Restricted funds

| Cookery equipment | 400 |  | (400 | ) | - |  |

| TOTAL FUNDS | 196,717 |  | (184,990 | ) | 11,727 |  |

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

16. | MOVEMENT IN FUNDS - continued

| A current year 12 months and prior year 12 months combined position is as follows:

| Net |  |

| movement |  | At |

| At 1.9.23 |  | in funds |  | 31.8.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 37,635 |  | 12,586 |  | 50,221 |  |

| Restricted funds

| Access Road | 2,500 |  | (2,500 | ) | - |  |

| TOTAL FUNDS | 40,135 |  | 10,086 |  | 50,221 |  |

| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 404,892 |  | (392,306 | ) | 12,586 |  |

| Restricted funds

| Access Road | - |  | (2,500 | ) | (2,500 | ) |

| Cookery equipment | 400 |  | (400 | ) | - |  |

400 |  | (2,900 | ) | (2,500 | ) |

| TOTAL FUNDS | 405,292 |  | (395,206 | ) | 10,086 |  |

17. | RELATED PARTY DISCLOSURES

| The following related party transactions took place during the year:

| S L King was paid £661 to replace the corrugated roof on the outside classroom. S L King is the husband of trustee Z Astley.

| C Robertson was employed as an apprentice and received a salary of £1823. C Robertson is the daughter of trustee T Robertson.

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

18. | RESTRICTED FUND

| Access Road

| A donation of £2,500 was being held as Zelda School's contribution for a new access road to the Holifield Farm Project site, and was paid to Holifield Farm during the year..