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Registered number:
Charity number:
(A Company Limited by Guarantee)
FOR THE YEAR ENDED 31 AUGUST 2025
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
CONTENTS
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2025
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees present their annual report together with the audited financial statements of the Charity for the year 1 September 2024 to 31 August 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
b. Activities undertaken to achieve objectives
c. Main activities undertaken to further the Charity's purposes for the public benefit
The purpose of the Charity is to operate a specialist school to benefit children and young people who require an alternative learning environment where personal and academic development have equal importance.
Achievements and performance
a. Main achievements of the Charity
Through operating the school, the Charity benefits its students, all of whom have special educational needs and are educated at our school as it has been named in their EHCP.
b. Review of activities
On 14 October 2024, five new trustees were appointed and the existing two trustees resigned. There was a limited and verbal handover process. Since then, there have been further appointments to the board. The new board has a range of experience including education, finance, governance and human resources.
Upon forming the new board, the Trustees set out to establish the full facts of the financial situation and historical difficulties. This was not an easy or quick process due to a limited handover process and inadequate record keeping and financial processes.
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
Achievements and performance (continued)
Trustees also sought to understand what progress had been made in relation to the Ofsted report and subsequent monitoring visits.
Relationships were quickly established with key stakeholders to ensure that there was transparency and a joined-up effort to improve the financial security of the charity and educational offer of the school.
Trustees have worked tirelessly with school leadership to stabilise the financial situation and the full Ofsted visit in March 2025 saw the school move from Inadequate to Requires Improvement. They were particularly pleased to have met all the independent school standards and to have achieved ‘Good’ ratings in Behaviour and Attitudes and Personal Development. The report also recognised that a strength of the school was the warm relationships staff built with students and the ambitions of the leadership team for pupils to achieve, both academically and personally. During this period, the school also achieved exam centre status, enabling it to ensure that students were able to sit their exams in a familiar environment.
Trustees were aware early on that the best opportunity the school had of survival would be to merge with another educational provider. Throughout their tenure they have sought professional, expert advice and explored numerous options.
Trustees were concerned about the future of the school, given the uncertainty as to their position in their premises which was impacting on pupil numbers. Consequently, in June 2025, they engaged with an insolvency practitioner to ensure that they were trading appropriately. The year ended as of 31st August 2025 with no alternative operator identified.
As of 1st June 2026, a new operator was identified; they also operate in the educational sector as a charity and are committed to the vision for the school and to continue to put improvement strategies in place. the Trustees feel this is a good opportunity for the school. The intention is for the charity and company to enter administration towards the end of the July 2026 whilst the school will continue to run under the new ownership. Due diligence processes are in their final stages and all are working towards a completion in early August with staff being TUPEd over and placements continuing for the students currently placed at the school.
c. Investment policy and performance
Financial review
a. Going concern
b. Reserves policy
c. Deficit
At the year end there was a deficit in unrestricted net reserves of £2,519,685 (2024 - £2,016,526 deficit). At the year end the Charity had no free reserves.
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
Financial review (continued)
d. Principal funding
Structure, governance and management
a. Constitution
WEMMS Education Unlimited Limited is registered as a charitable company limited by guarantee and was set up under the Memorandum and Articles of Association.
b. Methods of appointment or election of Trustees
c. Organisational structure and decision-making policies
d. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Plans for future periods
Trustees intend to build upon the work undertaken on school operations, embedding the values and ethos and utilising selected educational consultants to support leadership and the development of an integrated therapeutic offering. It is the intention to ensure that new financial systems and software is fully operational to enable effective oversight and operations.
Members' liability
The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.
Small company provisions
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
∙so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and
∙that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
Auditors
The auditors, Shaw Gibbs (Audit) Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2025
Approved by order of the members of the board of Trustees and signed on its behalf by:
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEMMS EDUCATION UNLIMITED LIMITED
We have audited the financial statements of WEMMS Education Unlimited Limited (the 'charity') for the year ended
As a qualified opinion was issued in the prior year, we have been unable to fully verify the opening balance sheet of the charitable company.
As we have been unable to verify the opening position for fixed assets, we have also been unable to fully verify the closing balance for fixed assets included in the financial statements. There is uncertainty regarding the carrying value and recoverable amount of fixed assets. We have been unable to obtain sufficient appropriate audit evidence to determine whether these assets are stated at an appropriate value and, consequently, whether any impairment or other adjustment is required due to matters described in note 2.2. We have not been able to see supporting evidence for all accounting transactions selected for our testing. We were unable to obtain sufficient appropriate audit evidence to support the allocation of salary costs between direct charitable activities and support costs. There remains uncertainty over the existence and recoverability of a debtor balance due from a former trustee of £97,000 included in the financial statements. There remains uncertainty over whether a creditor balance of £550,000 due to a former trustee represents a liability of the charitable company and there remains uncertainty over a potential liability of £350,000 relating to a former trustee which has not been recognised in the financial statements. There remains uncertainty regarding the employment status of certain individuals engaged by the charitable company during the current and prior periods. HM Revenue & Customs is undertaking an ongoing investigation and enquiry into this matter. As the outcome of this enquiry has not been determined, we have been unable to obtain sufficient appropriate audit evidence to assess whether any PAYE, National Insurance contributions, interest or penalties may be payable by the charitable company, nor to quantify the potential financial effect, if any, on the financial statements.
There remains uncertainty as to whether a dilapidations liability may arise as a consequence of breaches of the charitable company's lease obligations. We have been unable to obtain sufficient appropriate audit evidence to determine whether the rent-free period creditor of £459,255 continues to represent an appropriate liability, whether it should be released in whole or in part, or whether additional obligations, including lease termination costs or dilapidation liabilities, should be recognised. At the date of approval of the financial statements, the
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEMMS EDUCATION UNLIMITED LIMITED (CONTINUED)
lease had not been formally surrendered and the charitable company's obligations arising under the lease had not been fully determined. As a result, the balance of rent owed to the landlord at 31 August 2025 is uncertain.
In addition, were any adjustment to these balances to be required, the Trustees’ report would also need to be amended. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 financial statements in the United Kingdom, including the Financial Reporting Council'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 qualified opinion.
We draw attention to Note 2.2 to the financial statements, which explains that subsequent to the reporting date the Trustees determined that the charitable company would cease operations and enter administration whilst the school transfers. Consequently, the financial statements have been prepared on a basis other than going concern as described in Note 2.2. Our opinion is not modified in respect of this matter.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. 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. 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 course of the audit, or otherwise appears to be materially misstated. If we identify such material 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 is a material misstatement of this other information, we are required to report that fact.
As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the existence, accuracy and completeness of various balances. We have concluded that were the other information refers to results for the year and total reserves, it may be materially misstated for the same reason.
Except for the possible effects of the matters described in the basis for qualified opinion section of our report, in our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
∙the Trustees' Report has been prepared in accordance with applicable legal requirements.
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEMMS EDUCATION UNLIMITED LIMITED (CONTINUED)
Except for the matters described in the basis for qualified opinion section of our report, in the light of our 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 Trustees' Report.
Arising solely from the limitation on the scope of our work relating to the matters described in the Basis for Qualified Opinion section above: • we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and • we were unable to determine whether adequate accounting records have been kept.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
∙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
∙the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) 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.
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 an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEMMS EDUCATION UNLIMITED LIMITED (CONTINUED)
We gained an understanding of the legal and regulatory framework applicable to the charitable company and the industry in which it operates, and considered the risk of acts by the charitable company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, the Charities Act 2011 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel. There are inherent limitations in the audit procedures described above and, the further removed non compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.
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 Auditors' Report.
This report is made solely to the charitable company's trustees, 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 trustees 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 its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2025
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14027113
BALANCE SHEET
AS AT 31 AUGUST 2025
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14027113
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
WEMMS Education Unlimited Limited (registered number 14027113) is a private company limited by guarantee, incorporated in England and Wales. The registered office is Woodstock House, Woodstock Lane North, Long Ditton, Surbiton, KT6 5HN.
The Members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £1 per Member of the Company. The company is expected to enter administration towards the end of July 2026.
2.Accounting policies
The presentation currency of the Company is GBP. The financial statements are rounded to the nearest £.
Introduction
This Going Concern Statement has been prepared by the trustees of Wemms Education Unlimited Limited, a charity based Independent Special Educational Needs (SEN) school. The purpose of this document is to provide an assessment of the school’s ability to continue as a going concern in light of the current financial situation, specifically the presence of a deficit. This statement has been prepared in compliance with applicable regulations and accounting standards. Background of the Charity Wemms Education is a registered charity that provides specialised educational services to children with special educational needs. The school is committed to delivering a high standard of education, care, and support to our students. The funding is provided by government funding and a small amount of income generated from leasing the facilities out of school hours.
2024 2025 Financial Situation
As of the date of this report, the school is operating with an in year financial deficit of £503,159 and a cumulative deficit of £2,519,685. Trustees were pleased to see that the cost cutting measures implemented during the year did result in a significant reduction in the in-year financial deficit compared to the previous year. However, they note that the cumulative deficit continues to rise and this is due largely to a difficulty with growing student numbers.
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
2.Accounting policies (continued)
The company remains in significant rental arrears and, whilst the landlords have been generous in their patience, it is clear that the company cannot continue to operate in the current premises for much longer and alternative operators for the school have been sought. This uncertainty about the future has meant that it has been inappropriate to market the school and Local Authorities have been cautious about agreeing to name the school in an EHC Plan due to a lack of confidence in placement stability. Consequently, not only have student numbers not increased, due to natural endings of placements, for example leaving at phase transfers, student numbers have, in fact, decreased.
In recognition of the difficulties highlighted above, an insolvency practitioner was engaged by trustees in June 2025 to support them to make appropriate decisions about continuing to trade. It was assessed that measures taken in the year 2024-2025 had placed the school in an improved situation and, at this point, it was reasonable to assume that things would continue on an upwards trajectory. Nonetheless, it was agreed to regularly review the situation to ensure this continued to be the case. During this time, honest and transparent communication continued to take place between trustees and key stakeholders including Local Authorities, the Charity Commission and the landlord. As of August 2025, the management team and trustees remained committed to the mission of the school, to continue to actively pursue strategies to address the financial challenges whilst holding their legal duties in mind.
Current Going Concern Assessment
Under the going concern assumption, in March 2026, with the guidance of the insolvency practitioner, the trustees made the decision that, due to predicted student numbers for the academic year 2026-2027 and no likelihood of that increasing substantially, they could no longer make the assumption that the company would remain a going concern in the following academic year. Therefore, at the end of that month, they made the difficult decision to announce that, whilst the school would continue to operate for the remainder of that academic year, it would not reopen in September 2026 and the company would be put into administration once the summer term ended. Trustees felt that it was vital for all stakeholders that there was a considered and managed closure of the school to ensure the well-being and safety of their students and families. Despite this, trustees remained committed to continuing to explore all possible remaining options that would enable the school to continue to remain open and meet the needs of their current cohort of students and, hopefully, future students. At the time of writing, a new operator for the school has been found and work is well underway for them to take over the running of the school. The intention is that this will happen early August 2026, subject to all due diligence and legal processes being satisfactorily completed. The company, Wemms Education Unlimited Limited, will still go into administration towards the end of July 2026, regardless of the outcomes of the takeover of the school, and, once in administration, all the liabilities of the company will lie with the administrator and they will surrender the lease for Woodstock House. The intended new operators of the school are currently negotiating a new lease with the landlords, with the intention that the school will continue to run in its current premises. On this basis Wemms Education Unlimited Limited is not considered a going concern at the point of finalising the financial statements for the year ended 31 August 2025.
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
2.Accounting policies (continued)
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Fee income is recognised in the period in which the educational services are provided. Fees receivable are stated net of VAT after deducting bursaries, scholarships and other allowances granted.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
2.Accounting policies (continued)
The charity operates a defined contribution pension scheme for eligible employees. Contributions payable to the scheme are charged to expenditure in the period to which they relate. Contributions unpaid at the reporting date are included as a creditor in the balance sheet. The charity has no further payment obligations once the contributions have been paid.
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are:
Useful economic lives of tangible assets The annual depreciation charge is sensitive to changes in the economic lives and residual values of the assets.
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
5.Income from charitable activities (continued)
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
7.Other incoming resources (continued)
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
8.Analysis of expenditure on charitable activities (continued)
Summary by expenditure type (continued)
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
9.Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Page 24
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Page 25
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Page 26
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Page 27
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Page 28
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Page 29
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WEMMS EDUCATION UNLIMITED LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £45,318 (2024 - £29,655).
There was a balance owing at the end of the year of £9,657 (2024 - £nil).
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