**REGISTERED COMPANY NUMBER: 02598202 (England and Wales) REGISTERED CHARITY NUMBER: 1007707** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2025** **for Hopelands Preparatory School** **Hopelands Preparatory 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| |**Cash Flow Statement**|8| |**Notes to the Cash Flow Statement**|9| |**Notes to the Financial Statements**|10 to 15| ## **Hopelands Preparatory School** ## **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). Page 1 **Hopelands Preparatory School** ## **Report of the Trustees for the Year Ended 31 August 2025** ## **OBJECTIVES AND ACTIVITIES Objectives and aims** ## **Charitable Objects** The Objects of the Charity are set out in the Memorandum of Association and are "to promote and provide for the advancement of education (including social and physical training) and in connection therewith to conduct carry on acquire and develop in the United Kingdom any school or schools for the education of children of either sex or sexes." Within these Objects, the Charity holds restricted and unrestricted funds for special purposes in connection with the development of the schools' facilities, for bursaries and other educational purposes. ## **Public Benefit Aims and Intended Impact** Within these Objects the Charity's public benefit aim is to provide a first class independent education, both through strong academic tuition and through developing wider sporting, artistic and social skills in all its pupils who are between the age of 3 and 11. This is intended to provide an environment where each pupil can develop and fulfil his or her potential thus to help build self-confidence and inspire a desire to contribute to the wider community. In the furtherance of these aims, the Governors, as the charity trustees, have complied with the duty in S.4 of the Charities Act 2006 to have due regard to the Charity Commission has published general and relevant subsector guidance concerning the operation of the Public Benefit requirement under that Act. ## **Objectives for the year** Hopelands has always taken great pride in its reputation and continued success in students progressing to local grammar schools at the same time helping and supporting students into both the Independent and state sector schools. Therefore, our continued focus will be to: 1. Achieve academic excellence for all pupils including those with SEN We continue to invest in professional development ensuring that all staff are equipped with the skills needed to meet the stated aims and objectives. In addition, we continue to maintain a high teacher-to-pupil ratio, tailoring our curricular and extra-curricular services as appropriate in each case to suit individual needs. 2. Pupil recruitment and retention In the Autumn 2023, the school's top priority was the recruitment and retention of pupils into the school, this objective carried through to the Autumn of 2024. In January 2023, the school opened a nursery, which resulted in a much-improved outlook for the school, and pupil numbers remain stable. 3. Ensuring school infrastructure supports delivery of outstanding education (structure of the school day, building classrooms, ICT & digital educational strategy, MIS & Office software). In September 2022 the school day was extended from 3.30 to 3.45 and a daily individualised learning programme (IL) was introduced. This was based on support, extension and enrichment and providing further opportunities for pupils to excel academically and in their personal development, this has proved extremely beneficial, so we will continue to build on this. ## **Goals and future objectives** The Board recognise that the goals set out Autumn 2024 are both short, and medium-term goals. Future objectives will therefore be to build and develop on these goals with the addition of the following: - To continue to provide a warm, caring and stimulating environment to enable a nurturing and highly personalised education - To continue to achieve a high first-choice secondary school entry rate - To continue to improve internal data analysis to ensure effectiveness of all interventions, and effective self-evaluation to drive performance and inform decisions - To continue to focus on enhancing the school curriculum so pupils have access to a range of additional, valuable educational experiences - To continue to provide individualised learning based upon successful differentiated teaching, which is sufficiently challenging for higher attainers ## **Bursaries** Families who are in need of financial assistance are invited to undergo a means test which will determine the level of assistance available to them. In assessing means, the school takes several factors into consideration including family income, investments and savings and family circumstances, for example, dependant relatives and the number of siblings. ## **Social and cultural welfare** Children from all backgrounds are welcome. The school is non-selective, and children are not required to undergo an entrance examination when joining the school although the Head may carry out an assessment to determine a pupil's educational needs to ensure they can fully benefit from the educational provision at Hopelands. We are an equal opportunity organisation and are committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation, or disability. We will make reasonable adjustments to meet the needs of staff, pupils and visitors who are or become disabled. The school has a disability and accessibility plan which aims to make the school more accessible to the disabled. Page 2 ## **Hopelands Preparatory School** ## **Report of the Trustees for the Year Ended 31 August 2025** Our school is committed to safeguarding and promoting the welfare of our pupils; all staff and volunteers share this commitment. Recent ISI inspections praised the provision made for pastoral care. ## **FINANCIAL REVIEW** ## **Financial review** Total income from charitable activities for the period was £877,820, compared with £834,105 in 2024. This is predominately due to the opening of the nursery and increased pupil numbers in years 4 to 6. The cost of Charitable activities stood at £868,141 (£832,008 in 2024). Overall, generating a net surplus of £9,679 (a surplus of £2,097 was reported in 2024). Total bank loans at year end stood at £353,582 (£378,137 in 2024). This loan is associated with the development of the new School hall in 2007 and acquisition of the neighbouring property in April 2012 and conversion to a single building. The School continues to benefit from these investment decisions. The bank loans are secured over the charity's properties. The School also secured the government backed Coronavirus bounce back loan of £50k, which has been paid off in line with the borrowing stipulations. January 2025 saw the introduction of VAT on Independent School Fees except for nursery places, this has been an extremely difficult time for all Independent Schools with pupil numbers in decline, the main reason being affordability. As a school we worked on several scenarios regarding Labour's policy document, which stated that VAT will apply to Independent School fees from 1st January 2025, as well as the intention to remove the partial exemption from business rates for schools structured as charities. As a small school community, we understood that any changes to school fees must be carefully considered. After extensive financial modelling, the Trustees approved an increase in school fees of 15% effective from January 2025, although VAT is currently charged at 20%, the 5% gap would be mitigated by: " Goods and services that are provided for the direct use of pupils will remain exempt of VAT. 1% of the fees we charge is in concept of books, tests and educational materials which are exempt from VAT. " Being registered for VAT we will be able to claim output VAT back on expenditure, this equated to 2%. " We also identified efficiencies of 2% through cost control. In addition, Labour's policy document specified the removal of the business rate relief from April 2025. This was an additional annual cost of £8,400 for Hopelands. ## **Reserves policy** The Trustees have established a policy whereby the remaining unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be between 3 and 6 months of the resources expended. This policy equates to £190,000 to £380,000 in general terms. At this level, the Trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would be necessary to consider how to replace funding or our activities changed. At present, the free reserves, which amount to £135,831, is slightly below this range. The Trustees are working to build the reserves level up to the target policy through several initiatives and will continue to monitor the adequacy of reserves. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governance and Management** All trustees give of their time freely and no remuneration or expenses were paid in the year. No Governor or person connected with a Governor received any benefit from either means tested bursaries or scholarships awarded to our pupils. The trustees met as a Governing Body seven times during the year, to include but not limited to; budget approval, policy review, the school development plan and finance review. ## **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 1985. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Governors monitor reserve levels by ensuring controls exist over key financial systems, and by examining the operational and business risks faced by the charity, they have established effective systems to mitigate those risks. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 02598202 (England and Wales) ## **Registered Charity number** 1007707 Page 3 **Hopelands Preparatory School** **Report of the Trustees for the Year Ended 31 August 2025** ## **Registered office** 38-40 Regent Street Stonehouse Gloucestershire GL10 2AD ## **Trustees** Mr R D James Chair of Governors Ms JR Lawry Mr R J Biggs Teacher Mrs L Forsyth HR Business Partner (resigned 31.1.25) Mr S J Antrobus Mr B Middlemiss Mrs B Hoyle ## **Company Secretary** Mrs T L Benson BA (Hons) CIMA ## **Independent Examiner** Mark Powell Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Mr R D James - Trustee Page 4 ## **Independent Examiner's Report to the Trustees of Hopelands Preparatory School** ## **Independent examiner's report to the trustees of Hopelands Preparatory 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** 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 Institute of Chartered Accountants of Scotland, 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. ## Mark Powell Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA Date: ............................................. Page 5 ## **Hopelands Preparatory School** ## **Statement of Financial Activities** ## **for the Year Ended 31 August 2025** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
211
**Charitable activities**
4
Direct Activities
877,609
Investment income
3
-
**Total**
877,820
**EXPENDITURE ON**
**Charitable activities**
5
Direct Activities
861,684
Governance Costs
6,457
**Total**
868,141
**NET INCOME**
9,679
**RECONCILIATION OF FUNDS**
Total funds brought forward
797,528
**TOTAL FUNDS CARRIED FORWARD**
807,207|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-|2025
Total
funds
£
211
877,609
-
877,820
861,684
6,457
868,141
9,679
797,528
807,207|2024
Total
funds
£
2,236
830,619
1,250
834,105
826,875
5,133
832,008
2,097
795,431
797,528| |---|---|---|---| The notes form part of these financial statements Page 6 ## **Hopelands Preparatory School** ## **Balance Sheet** ## **31 August 2025** |Notes
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Stocks
11
Debtors
12
Cash at bank
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
14
**NET ASSETS**
**FUNDS**
17
Unrestricted funds:
General fund
**TOTAL FUNDS**|Unrestricted
funds
£
1,043,513
50
9,637
225,964
235,651
(99,820)
135,831
1,179,344
(372,137)
807,207|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-|2025
Total
funds
£
1,043,513
50
9,637
225,964
235,651
(99,820)
135,831
1,179,344
(372,137)
807,207
807,207
807,207|2024
Total
funds
£
1,068,157
50
12,984
242,673
255,707
(109,021)
146,686
1,214,843
(417,315)
797,528
797,528
797,528| |---|---|---|---|---| 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 ............................................. and were signed on its behalf by: ............................................. Mr R D James - Trustee The notes form part of these financial statements Page 7 ## **Hopelands Preparatory School** |**Cash Flow Statement**
**for the Year Ended 31 August 2025**
2025
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
37,175
Interest paid
(26,434)
Net cash provided by operating activities
10,741
**Cash flows from investing activities**
Purchase of tangible fixed assets
(2,895)
Interest received
-
Net cash used in investing activities
(2,895)
**Cash flows from financing activities**
Loan repayments in year
(24,555)
Net cash used in financing activities
(24,555)
**Change in cash and cash equivalents in**
**the reporting period**
(16,709)
**Cash and cash equivalents at the**
**beginning of the reporting period**
242,673
**Cash and cash equivalents at the end of**
**the reporting period**
225,964|2024
£
159,333
(26,434)
132,899
(16,772)
1,250
(15,522)
(25,062)
(25,062)
92,315
150,358
242,673| |---|---| The notes form part of these financial statements Page 8 **Hopelands Preparatory School** ## **Notes to the Cash Flow Statement for the Year Ended 31 August 2025** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Interest paid
Decrease in debtors
(Decrease)/increase in creditors
**Net cash provided by operations**|2025
£
9,679
27,539
-
26,434
3,347
(29,824)
37,175|2024
£
2,097
30,129
(1,250)
26,434
204
101,719
159,333| |---|---|---| ## **2. ANALYSIS OF CHANGES IN NET DEBT** ||At 1.9.24|Cash flow|At 31.8.25| |---|---|---|---| ||£|£|£| |**Net cash**|||| |Cash at bank|242,673|(16,709)|225,964| ||242,673|(16,709)|225,964| |**Debt**|||| |Debts falling due within 1 year|(26,293)|689|(25,604)| |Debts falling due after 1 year|(351,844)|23,866|(327,978)| ||(378,137)|24,555|(353,582)| |**Total**|(135,464)|7,846|(127,618)| The notes form part of these financial statements Page 9 **Hopelands Preparatory 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. ## **Going concern** The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that as a result of the above measures the school has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the school's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. ## **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** All fixed assets are initially recorded at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - straight line over 50 years Computer equipment - 20% on reducing balance ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items. ## **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. ## **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. Page 10 continued... **Hopelands Preparatory School** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 August 2025** ## **2. DONATIONS AND LEGACIES** |Donations
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Other incoming resources
Direct Activities
Fees
Direct Activities
**5.**
**CHARITABLE ACTIVITIES COSTS**
Direct Activities
Governance Costs
**6.**
**SUPPORT COSTS**
Management
Finance
£
£
Direct Activities
15,824
28,303
Governance Costs
-
-
15,824
28,303
**7.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent examination fee|2025
£
211
2025
£
-
2025
£
70,923
806,686
877,609
Support
Direct
costs (see
Costs
note 6)
£
£
722,510
139,174
-
6,457
722,510
145,631
Governance
Other
costs
£
£
91,907
3,140
-
6,457
91,907
9,597
2025
£
27,539
3,300|2024
£
2,236
2024
£
1,250
2024
£
75,079
755,540
830,619
Totals
£
861,684
6,457
868,141
Totals
£
139,174
6,457
145,631
2024
£
30,129
3,300| |---|---|---| |||| ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. Page 11 continued... **Hopelands Preparatory School** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025** ## **9. TEACHERS' PENSION SCHEME** |**TEACHERS' PENSION SCHEME**||||| |---|---|---|---|---| |Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Management
Teachers
Other||2025
£
539,634
51,297
62,824
653,755
2025
2
12
15
29||2024
£
509,009
31,525
78,731| |||||619,265| |||||2024
2
11
13
26| |The number of employees whose employee benefits (excluding employer pension costs) exceeded|The number of employees whose employee benefits (excluding employer pension costs) exceeded|£60,000 was:| |---|---|---| ||2025|2024| |£60,001 - £70,000|1|1| The key management personnel of the charity comprise the Trustees and the Headteacher as listed on page 10. The total amount of employee benefits (including employer pension contributions and employer national insurance contributions) received by key management personnel for their services to the charity during the year was £107,755 (2024:£108,199). The Teachers' Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the Teachers' Pension Scheme Regulations 2014. Membership is automatic for teachers in academies. All teachers have the option to opt-out of the TPS following enrolment. The school participated in the Teachers' Pension Scheme ("the TPS") for its teaching staff up until 2024 before opting out. The pension charge for the year includes employer's contributions payable to the TPS of £nil (2024: £74,626). The TPS is an unfunded scheme to which both the member and employer makes contributions, as a percentage of salary - these contributions are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The charity is unable to identify its share of the underlying assets and liabilities of the plan. Accordingly, the charity has taken advantage of the exemption in FRS 102 and has accounted for its contributions to the scheme as if it were a defined contribution scheme. Page 12 continued... **Hopelands Preparatory School** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 August 2025** ## **10. TANGIBLE FIXED ASSETS** |**10.**|**TANGIBLE FIXED ASSETS**|||| |---|---|---|---|---| |||Freehold|Computer|| |||property|equipment|
Totals| |||£|£|£| ||**COST**|||| ||At 1 September 2024|1,263,554|142,696|1,406,250| ||Additions|1,300|1,595|2,895| ||At 31 August 2025|1,264,854|144,291|1,409,145| ||**DEPRECIATION**|||| ||At 1 September 2024|221,266|116,827|338,093| ||Charge for year|20,551|6,988|27,539| ||At 31 August 2025|241,817|123,815|365,632| ||**NET BOOK VALUE**|||| ||At 31 August 2025|1,023,037|20,476|1,043,513| ||At 31 August 2024|1,042,288|25,869|1,068,157| ||On 12 December 2013 certain land and buildings were valued externally at £1,185,000 as at 31 August 2013 by|||| ||James Pullin (MRICS) of Bruton Knowles using the Depreciated Replacement||Cost basis. This valuation was|| ||used to revalue the land and buildings in the accounts and on transition to FRS||102 has been used as deemed|| ||cost.|||| |**11.**|**STOCKS**|||| ||||2025|2024| ||||£|£| ||Stocks||50|50| |**12.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||2025|2024| ||||£|£| ||Trade debtors||4,190|4,328| ||VAT||2,531|-| ||Prepayments and accrued income||2,916|8,656| ||||9,637|12,984| |**13.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||2025|2024| ||||£|£| ||Bank loans and overdrafts (see note 15)||25,604|26,293| ||Trade creditors||15,712|1,870| ||Other creditors||24,917|3,300| ||Accruals and deferred income||33,587|77,558| ||||99,820|109,021| Page 13 continued... **Hopelands Preparatory School** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025** ## **14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** ||||2025|2024| |---|---|---|---|---| ||||£|£| ||Bank loans (see note 15)||327,978|351,844| ||Other creditors||21,809|23,609| ||Accruals and deferred income||22,350|41,862| ||||372,137|417,315| |**15.**|**LOANS**|||| ||An analysis of the maturity of loans is given below:|||| ||||2025|2024| ||||£|£| ||Amounts falling due within one year on demand:|||| ||Bank loans||25,604|26,293| ||Amounts falling due between two and five years:|||| ||Bank loans - 2-5 years||81,934|84,863| ||Amounts falling due in more than five years:|||| ||Repayable by instalments:|||| ||Bank loans more 5 yr by instalment||246,044|266,981| |**16.**|**LEASING AGREEMENTS**|||| ||Minimum lease payments under non-cancellable operating leases|fall due as follows:||| ||||2025|2024| ||||£|£| ||Within one year||1,008|1,008| ||Between one and five years||3,024|4,032| ||||4,032|5,040| |**17.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.9.24|in funds|31.8.25| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|797,528|9,679|807,207| ||**TOTAL FUNDS**|797,528|9,679|807,207| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|877,820|(868,141)|9,679| ||**TOTAL FUNDS**|877,820|(868,141)|9,679| Page 14 continued... **Hopelands Preparatory School** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025** ## **17. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1.9.23
£
**Unrestricted funds**
General fund
795,431
**TOTAL FUNDS**
795,431
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
834,105
**TOTAL FUNDS**
834,105|Net
movement
At
in funds
31.8.24
£
£
2,097
797,528
2,097
797,528
Resources
Movement
expended
in funds
£
£
(832,008)
2,097
(832,008)
2,097| |---|---| ## **18. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2025. Page 15