REGISTERED COMPANY NUMBER: 10161153 (England and Wales)

REGISTERED CHARITY NUMBER: 1171301

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

CHADSGROVE EDUCATIONAL TRUST

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Cash Flow Statement

9

Notes to the Cash Flow Statement

10

Notes to the Financial Statements

11

to

16

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

Chadsgrove Educational Trust Specialist College (the College) provides access to dynamic provision and activities that effectively meet the individual needs of young adults with physical disabilities and/or complex medical needs together with associated learning, sensory, and communication difficulties.The College is a 19-25 provider in Bromsgrove, Worcestershire that offers high quality education and learning opportunities, bringing together a wealth of experience and innovative, alternative visions of the potential in young adults with complex needs.

Public benefit

In carrying out the objectives as described, the Board of Trustees feel that the charity has complied with its duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year ending 31 August 2025 the College had 13 students on roll. All students at the College follow either a Seekers or Explorers Curriculum Pathway - both of which are personalised

to the student's individual needs, with opportunities to experience activities from both pathways where appropriate. The College curriculum follows the 4 key areas of the Preparing for Adulthood Framework (Health, Community, Independent Living Skills, and Employment). Each area of learning is intrinsically designed to prepare students to live as independently as possible in life after College. Communication is the core focus threaded throughout the 4 areas of the Preparing for Adulthood Framework.

Working with a professional multidisciplinary team of therapists where necessary, students have benefited from accessing Hydrotherapy, Rebound Therapy, Music Therapy, Occupational Therapy, Speech and Language Therapy, together with a range of additional tailored sensory therapy activities which have been developed to support students to achieve their specific targets.

At the end of this academic year, all third year students achieved their personal targets and successfully transitioned on to their chosen destinations after completing their 3 year placement at Chadsgrove College.

The introduction of 2 new WAVs (Wheelchair Accessible Vehicles) during the year has had a transformative impact on the experiences, learning opportunities, and the independence of our students. Over 1000 miles from nearly 80 journeywork covered. Students visited places such as Gloucester, Stratford Upon Avon, and Birmingham, as well as regular shorter journeys within the Bromsgrove area.

Students have been able to engage in many more local community activities, including shopping at the local supermarket, visiting leisure centres for fitness activities, volunteering at the local community cafe, supporting local heritage projects and partaking in the local Christmas Market. These experiences have helped to increase confidence, independence and social interaction, whilst promoting dignity, choice and equality, by enabling more of the students to travel together as peers in vehicles designed to meet their needs. As the WAVs are smaller than the traditional minibuses previously hired from school, the vehicles are easier to park in car parks and makes popping to the shops to purchase resources for enterprise projects and lessons a lot more convenient. Plans are in place to travel further afield in 2025/2026.

FINANCIAL REVIEW

Financial position

The financial statements show net incoming resources for the period ended 31 August 2025 of £133768 (31 August 2024: £288178).

The principal sources of income are from the Department for Education and Local Authorities.The directors deployed all net incoming resources to the development and growth of the provision for 19-25 year olds with physical disabilities and, or, complex medical needs in Worcestershire.

During the year ended 31 August 2025 the College has intensified its efforts to identify and secure a suitable property to be an Independent Living and Learning Hub. An agreement of financial backing was received from Worcestershire Local Authority and an offer was placed on a local building, which subsequently proved to be unsuitable.

We continue to search for appropriate premises and endeavour to complement a proportion of our funds in reserves, along with support from the Local Authority and charitable donations, to facilitate our expansion.

As an educational charity, we enjoy tax exemption from our educational activities and on other income, provided it is applied for our charitable aims, which it always will be. As an educational charity, we are unable to reclaim VAT input tax on our costs.

The trustees have set a budget for the next financial year and regularly review the financial position of the College.

At 31 August 2025, the College had net reserves of £852301 (2024; £718533) and a cash at bank balance of £872452 (2024; £845672).

Reserves policy

The trustees regularly monitor the charity's reserves in light of risks and general operational need. It is the charity's policy that unrestricted funds should be maintained at a level sufficient to cover a reasonable proportion of the following educational year's expenditure; this has been maintained throughout the period for review. The trustees consider the charity's current reserves sufficient to enable the charity to continue its operations and fund immediate future activities and planned changes.

FUTURE PLANS

The College is currently located on the grounds of Chadsgrove School in a converted building with limited space. To expand the provision further, for up to 25 students, the College is looking to secure additional larger premises on a different site, either a new build or conversion of an existing building, preferably in the North Worcestershire area.

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.

Organisational structure

The trustees are responsible for the overall management and control of the College and meet regularly. The day to day running is delegated to Rebecca Gayden (Vice Principal), who reports back to the trustees both informally and at the meetings.

Risk management

The trustees are responsible for the overseeing of risks faced by the College. Detailed considerations of risk are delegated to the management of the College. Risks are identified, assessed and controls established throughout the year, and formal policies have been introduced to deal with all the key risks it faces.

The main risks that the trustees have identified and the plans to mitigate those risks are:

Reputation. The College's success is built on its reputation for the education and well-being of the 19-25 year olds attending the provision. We manage this through external advisor visits, internal monitoring, and through compliance with various policies including Safeguarding, Safer Recruitment and Code of Conduct. The College is inspected by Ofsted and was rated 'Outstanding' in March 2022.

Finances. The ability to continue to provide an appropriate education curriculum and enhancement activities for our young people, all of whom have complex needs, is dependent on funding from the Education and Skills Funding Agency (ESFA), Worcestershire County Council (WCC) and other Local Authorities (LAs) and so the College is at risk if the criteria for receiving that funding are changed. The availability of the funding is kept under review by close liaison with the ESFA and WCC and other relevant LAs.

Student roll. The College's strategic plans are based on a minimum of 10 students on roll each academic year. The trustees and the Vice Principal carefully plan and review placements to ensure that available places are filled such that student numbers are sufficient and do not fall below 10. Should numbers fall to an untenable figure, our Reserves Policy would come into force to cover any shortfall in income, whilst the College liaises with Local Authorities to fill spaces.

Loss of experienced key staff. Given the complexity of needs of the students at the College, loss of experienced key staff could have a detrimental impact on the students. Whilst the key staff have remained stable over the past year the trustees and Vice Principal carefully manage any potential changes to staff and have rigorous procedures in place for staff recruitment. Investment is made into staff training which is delivered through robust training plans which continually develop staff knowledge and skills to aid their competencies.

Through the risk management processes established for the College, the trustees are satisfied that the major risks identified are adequately mitigated where necessary. It is recognised that systems can only provide reasonable, but not absolute, assurance that major risks have been adequately managed.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

10161153 (England and Wales)

Registered Charity number

1171301

Registered office

Meadow Road

Catshill

Bromsgrove

Worcestershire

B61 0JL

Trustees

Mrs D Rattley (resigned 8.10.2025)

Ms F Williams (resigned 31.8.2025)

R Dill-Russell (resigned 27.1.2026)

Ms D Garland (resigned 1.4.2025)

Mrs R A Gardner

P E Sugg (appointed 19.1.2026)

Miss L V Hill (appointed 1.9.2025)

Independent Examiner

J T Harris FCCA

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

Registered Bank Account

Bank: Barclays Bank UK PLC

Account Name: Chadsgrove Educational Trust

Sort Code: 20-45-45

Account Number: 83316661

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 21 May 2026 and signed on its behalf by:

P E Sugg - Trustee

Independent examiner's report to the trustees of Chadsgrove Educational Trust ('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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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.

J T Harris FCCA

The Association of Chartered Certified Accountants

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

21 May 2026

31.8.25

31.8.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

2,426

201

2,627

52,083

Charitable activities

4

Education for pupils19-25 years old.

784,351

41,194

825,545

840,609

Investment income

3

13,004

-

13,004

2,065

Total

799,781

41,395

841,176

894,757

EXPENDITURE ON

Charitable activities

5

Education for pupils19-25 years old.

629,643

77,765

707,408

606,579

NET INCOME/(EXPENDITURE)

170,138

(36,370

)

133,768

288,178

RECONCILIATION OF FUNDS

Total funds brought forward

633,085

85,448

718,533

430,355

TOTAL FUNDS CARRIED FORWARD

803,223

49,078

852,301

718,533

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

31.8.25

31.8.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

66,040

-

66,040

-

CURRENT ASSETS

Debtors

11

773

-

773

21,627

Cash at bank

815,665

56,787

872,452

845,672

816,438

56,787

873,225

867,299

CREDITORS

Amounts falling due within one year

12

(79,255

)

(7,709

)

(86,964

)

(148,766

)

NET CURRENT ASSETS

737,183

49,078

786,261

718,533

TOTAL ASSETS LESS CURRENT LIABILITIES

803,223

49,078

852,301

718,533

NET ASSETS

803,223

49,078

852,301

718,533

FUNDS

13

Unrestricted funds

803,223

633,085

Restricted funds

49,078

85,448

TOTAL FUNDS

852,301

718,533

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.

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 21 May 2026 and were signed on its behalf by:

P E Sugg - Trustee

Cash flows from operating activities

Cash generated from operations

1

96,326

322,544

Net cash provided by operating activities

96,326

322,544

Cash flows from investing activities

Purchase of tangible fixed assets

(82,550

)

-

Interest received

13,004

2,065

Net cash (used in)/provided by investing activities

(69,546

)

2,065

Change in cash and cash equivalents in the reporting period

26,780

324,609

Cash and cash equivalents at the beginning of the reporting period

845,672

521,063

Cash and cash equivalents at the end of the reporting period

872,452

845,672

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.8.25

31.8.24

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

133,768

288,178

Adjustments for:

Depreciation charges

16,510

-

Interest received

(13,004

)

(2,065

)

Decrease/(increase) in debtors

20,854

(17,289

)

(Decrease)/increase in creditors

(61,802

)

53,720

Net cash provided by operations

96,326

322,544

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank

845,672

26,780

872,452

845,672

26,780

872,452

Total

845,672

26,780

872,452

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.

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.

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.

Tangible fixed assets

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

Motor vehicles - 20% reducing balance

Taxation

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

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.

2.	DONATIONS AND LEGACIES

31.8.25

31.8.24

£

£

Donations

2,627

52,083

3.	INVESTMENT INCOME

31.8.25

31.8.24

£

£

Deposit account interest

13,004

2,065

4.	INCOME FROM CHARITABLE ACTIVITIES

31.8.25

31.8.24

Activity

£

£

Funding & grants

Education for pupils19-25 years old.

825,077

840,354

Bursaries & other income

Education for pupils19-25 years old.

468

255

825,545

840,609

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

31.8.25

31.8.24

£

£

Funding from DfE and Local Authorities

825,077

840,354

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

£

£

Education for pupils19-25 years old.

411,989

295,419

707,408

6.	SUPPORT COSTS

Finance

Other

Totals

£

£

£

Education for pupils19-25 years old.

16,510

278,909

295,419

7.	NET INCOME/(EXPENDITURE)

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

31.8.25

31.8.24

£

£

Depreciation - owned assets

16,510

-

8.	TRUSTEES' REMUNERATION AND BENEFITS

During the period, a proportion of one of the trustees' costs were recharged from Chadsgrove school. These costs reflect the time spent on managing and running Chadsgrove Educational Trust on a day to day basis.

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

540,468

487,242

540,468

487,242

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

31.8.25

31.8.24

Leadership

3

3

Teachers

3

3

Support staff

18

18

24

24

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

10.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

82,550

DEPRECIATION

Charge for year

16,510

NET BOOK VALUE

At 31 August 2025

66,040

At 31 August 2024

-

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Prepayments and accrued income

773

21,627

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Accruals and deferred income

86,964

148,766

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.24

in funds

31.8.25

£

£

£

Unrestricted funds

General fund

633,085

170,138

803,223

Restricted funds

Building, transport & garden projects

85,448

(36,370

)

49,078

TOTAL FUNDS

718,533

133,768

852,301

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

799,781

(629,643

)

170,138

Restricted funds

Building, transport & garden projects

41,395

(77,765

)

(36,370

)

TOTAL FUNDS

841,176

(707,408

)

133,768

Comparatives for movement in funds

Net

movement

At

At 1.9.23

in funds

31.8.24

£

£

£

Unrestricted funds

General fund

400,278

232,807

633,085

Restricted funds

Building, transport & garden projects

30,077

55,371

85,448

TOTAL FUNDS

430,355

288,178

718,533

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

826,854

(594,047

)

232,807

Restricted funds

Building, transport & garden projects

67,903

(12,532

)

55,371

TOTAL FUNDS

894,757

(606,579

)

288,178

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

400,278

402,945

803,223

Restricted funds

Building, transport & garden projects

30,077

19,001

49,078

TOTAL FUNDS

430,355

421,946

852,301

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

1,626,635

(1,223,690

)

402,945

Restricted funds

Building, transport & garden projects

109,298

(90,297

)

19,001

TOTAL FUNDS

1,735,933

(1,313,987

)

421,946

14.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025.