Sussex House School IA company Imrted by guarnntee and not hawng share caprtall Report and financial statements Forthe yweThYed 31 Augusl 2025 Cornpany number. 02884794 IEn9land and Wales) Chanty wBtr8b"on number. 1035806 IEn9lan¢ afj Wales) AEY3FBY2 1810312026 COUPANIES HOUSE
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Sussex Hous• School Reference and administratlve detslls of the charilable company. its trustees and advisors Trnste•s JACr J M Elias J Gallant mAjhU1$ NPKaye RTGfjr R.d 6 JaNwy 2026 X Mayer KBre pmty.nied 11 November 2025 "ntad 25 No¥ernber 2025 Board ofGoverno J M Elias J Galjanl A J (knlhuis NPKaye R T G Ihfjnter X Mayer ICh•mi*l K Brewer Registeved Company nurnber 02884794 (England arKI Wale51 Regl$t¢r¢d Chvlty number 1035ec6 (England and Wales) Headrna5trr NPKaye Ulr L mader Indep•ndentauditor Moore ng51c Smrth LLP 4 Vthia Squ¥e St Abans Herrfordshi AL1 3TF Re9lstwed Office 68 Cadogan Squ Londc SW1X Web$61e 8ankeYs Barclays Bank pt Levd 27 1 Churthl Lcd0 E14 SHP
Sussex Housè Sehool Contents Twstees, reF<¥i Independenl auditorfs reFKYt 7-10 Statement of fmancial actiwties linduding income and ext. accounti Balanet sheet 13 Cash 5tstemenl 14 Note5 to Ihe finanry stalernents 15-27
Sussex House School Trustees, report for the year ended 31 August 2025 The trLtsree$ lkntho are atso diredots of Sussex House Sthool Limited lorthe pu4)oses of company law and trustees for the PUIP05es of chanty lawl prE5ent ststutory report, also represen15 a direciN5' report, for the year ended 31 August 2025 under CpanIeS Act 2OJ6. toyellwwth audited finanryal ststements for Ihe year. and confirn that the latter comply the requIrents ol the cPanIeS Act 2L)J6 and Ihe chantable cornpany's rnerTr)randum and 8rticks of assooation and have been prepared in accordance kb•th the Finanoal Rewrting Stsndard applicable in the United Kj'ngdom 8nE1 the Republic of ITdand IFRS 1021 aTrJ the Slatewent ol Reccffinde{l Practice IA¢Lounb"n J and Reportng by chan1$) (the Charitw SORP- Se11 Edthnl. report has be prepared in ar£ordance 4%Tth Part 8 of the Charits A¢t2011. Releren¢e •nd •dmlnlstr•tive inlomi•tion Sussex House School Sthoofi is a registered challtsb crffjpany fwnded in 1994. tharity number 10358C6 and company nurnbef 02884794. The ha1 ofthe members 1$ limited by guarantee to an amLwnt not extdIng £5. The Sthool ha5 an official Church of EryJland affiliation undef the Desw3t ofsLs hawTrJ a Reli9ious Charaaer Ilndependent Schools) IEnglandl (r 2{. Stvuctuiei governance and rnanagemenl Govemin nt The ch3ritable company is gobemed by its rnem0rand 3rJ artides ofassorlalton whiL re last amended On 10 Marth 1994. TTUStees The trustees. 0 a abo dwe¢$ ofthe charrtable ccrnpy, have held Off forthe thol2 ofthe year unles5 othemse ststed. and to the date ofttw5 wrl are as foYKrA.' J Qewe IResKJned 6 January 20261 J M Elias J Gallanl M A J Gc•dhuis R TGWnter NPKaye X Mayer IAppointEd 11 November 20251 K Brewer IoInted 25 No¥ember2025) Trustee a New trustees wll be appointed in accordanc vilh the OfAsS( rollung lengihy c£n5ullathon and Congderaticffi by the exi5ng Iw5te85 w&tho nwst be Sai rtsarf•¥J tharelglv. Ex$bn9 buslee$ retr by each year. Any newtru5tee5 wll be induded into Ihe workiThJs ofthe and abo of company as a Wiste ctianty by the Headmasler. Prospective truslees wll te yowded vAth a mernorandurn of the kgal resportsibilities and dutses ol tmstee5 and are invited to tsmih"ari5e themselve5 71h CC3 Tr Essential tnjstee. what you need to know. at you need to do" published by the Chaiity Commission plus ccyes oflhe chartsble ttmpanls finanual staternents and minutes of previous trustees. meeth"fi9S. Page 1
Sussex Hous School Trustees, report for the year ended 31 Augllst 2025 StructUVe govemance and managernent{conllnu•dl ni nalm The trustees meei at le8$t th times a year to determine Ihe general pO¢Y of the Charitable c4mpany and review its overall management and control, for ¥knich they are ally ¥e5porwt4e. When delerrnining plAe$, the trustees seek inwt from Ihe Board of &)verno lknich also rrts al 8$1 the b.mes a year. and 1$ coTrr wilh the Nnning of Ihe school. The tlay4orfJay runniny of the Sch¢xl is Jele9Ote<l to the Helmaster and the Stalf Senior Management Tearn. Objects. alms. Objeeti and prlnelpal •¢ll¥itks lin¢ludin9 pybli¢ ben¢fftl The primary rt4"e¢ts¥e ofthe thantsl)le company. as Set out rts and attide5 ofassociath?n. is promoting and provhjing forthe Vancement ofeducath" ofthik1wi. The Trustees have had regarf to the gu•1ce on pubshed by the Chanty Commt$5ion. 0Th1 in partylar to its supplementsry public benefit guh#an¢e on advancing education and on fee charging %then exerosing their power5 and duties, In partiojlar %then sethng fees charged by Ihe Sth0 and KJErthiry the beneffts provi¢ by the tharrtabfe ¢xrnpany in retron to its aim& The paragraphs W¢)w provth rne Infomiation on the Schc¢)I's tharltabbe activthes. Atthouyh the Sthool has an enlry test. due to the large nLxnter ol appfv'cations for aCes. the policy ra to nasure potenb.al as well as 8 PUP11's current perfomianc so Ihat pnty 15 gwi to thildren vlho ill ternefit frDm not onty the ac•Jemic prograrnrne on offer at Ihe Sthoe4, IMJI also the speoalrtw 0fr18¢n areas of ueabvity. notatyy Music, Art and Theatre. The Sthool ha$ never restnted entry to a potenthal pu1 because of the pwil's parents. inabilrty to poy the fees. The geographical locat'C of a wpifs horne, their elhni¢)ty. race existen of a disabilty qurte irrelevant lo the School'8 selectson pffjcedu. AMhou9h Ihe Sthool has an offiraal Churc of England affi1C, a family orchild's rEIp3ious afflation is not tsken into account ¥¥hen PL5 are olknd boys olall and denominabms or none a lcc¥ned equaly. nded effect The S¢hoc4'$ strategic airn lo reath its annual obJ"eLtre vthich 1$ the att?nTrt of the htrahest acadernic tevel$ thilst allowing pupa5 to benefit Irom Ihe SthDoI's exlensive eKtra<JjCUIar wograrnff. This enable5 the School to devel¢)p its pupils. abilth'es ané acadernic potential. awen and develo) Iheir intewls In lifÈ and prepare them for the senior sthool ol their and I1r parents. choice. Ob"ecti¥es for the The TN5tees' rnain objectTht lof tre year cfjnty'nued to be to educate all Ihe S(kn's F4tlS to at leasi the same high standard achieved by the School In pwous years. $0 Ihat they wll tully benefft frorn their thosen 5eniorschool forthe rnpletion of "r educatKfi in due trr$e. The styategy io achieve Thi8 is to maintain a high teacher4wupil rats'o and to tsilorthe edLKalion of each pupil to suil their oidUal nee(Is. In addibon. the Trustees airn to continue providing supp)rt in respect of Ihe pr¢visH)n of means teskny fAWSaFies to ntinue to develop Inks wth Ihe k£al community aTrJ other or9ani8ats". Prin lacb The Schod o)ntsnue$ 19 operaie as a day sch1 for &13 Year1 boy5. wJuLxb"n9 ttm to a h9h standard and so enatli them to move on to a 5uitsble 5enKJr 5th1 lortrE rb"on oftheire(lucabon. Page 2
Sussex House School Trustees. report for the year ended 31 August 2025 Revlew of achle¥wnen¢s perfornian tof ihe year Iln¢luding publk benellll rfcrfrnan of Ihe School ern vement It has been an outstanding yearfor Ihe Set. M membets ofyear 8 a¢e pla5 at tcy iTrJeFendent 5th0015, rnain Elon, St. Paul's, Westminster and IAlnche5ter. induding a reCd four Acadernr SthoLqrship8 to leadir¥J aderniC schools, and a Music and a Orama Scholarshy. One W ath"e¥ed a 9raduate Music diF40rn8 ILRSMI. an extraordinary achievement for a boy of 3ged 13. l A hievemen A series ofhyh-quality MLKSKal and theatrThl perfumances tc pla incJ(kng an (yra at the Brrtton Theatre. a at Sl John's Smith Square an¢ at Sl Mary Magdalene, Lrtue Venice. A m4¢y Art and Arthrtedure exhikn'tion was held in the lent term. rts C8G)yan magazine was wlh a w4Je selELth'on of$0.lICated literary ntribUonS trom the i)oys. 'Fenciny' The 5chod has the streSt olwnning nationa and intemalwal c4)mpebb"fms. Qkne boy wa5 wked in EuroFe. hawng cnpe1ed in eohl sepwate ¢Gxths. Seven purAL8 received iuib.on fee bursaries forthe 2024r25 academic year. In addits'on, pupiL8 rer*ive MUS bursa. The School continues to 5e& pUpS benefit frcffi the trrSary provwffi. as weu as add081 sourtes of bursary nding. C)onations and s C>onations re made to the Asra Hawariat Se701 FL. supphyls the Ava Hawariat Sthool in Ababa. as a TV5utt of fund5 raised at school even The signifir2rst majority of Ihe Schoofs donab.ons a r•s&l as a FESUtI ofthe eff¢#ts ofthe Sch)d's Acvibe$ Committee. whith comprBes parents of current pupik5 Schod stam. The Christma5 Fair and the SummerAuthon are the Thvo rnaiii events ezth yearwhith feature fundraising atieS. TW events a attended by pupds and their tsmil$, and donatsons are from persons wilh a fknnecbon to the Sthcd. Relationshi vAth the Local other o ani5a The Sthool Is a rnember of IAPS acts for the prcfflotion and rnaintert•n olpreparatory sthcd 51andards generally. ns The School copete5 with thurthe5, IndU1j St SiTh?n Zdotes. Milner Street. and pupils are involved in events as part ofthe Music Soaety Prograrnme of SL Mary Magdalene Churth, Lthe Venice. The Sthool is also dosety involved with the Asrn Hawanat School to ofthe rnOn rad frun Sthool frJndrti¥ng is donated eaeh year. Page 3
Suss•x Hous• S¢hool Trustees, report the year ended 31 August 2025 Rle of achio¥em•nts and PerfOanCe forth• year (Including publlc benefftl IconthrvJedl Music The School contributes io Ihe fiJnding of0 maiwe¥ts ofthe St Mary MagdJene Music Soaety based at Si Mary Magdalene Church, in whith the Sthool participate5. at a cost of £41.616 12024". £39,863). membe ofthe public atteTh and form part ofthe Ch¢ns ¢>thestra in Ihese events Ihe lar9e audiert conlain many members ofthe wbl wkno have no othw assocaalion 1h SLLssex Hwse. Sussex House takes part in various e%Ents at its local church. St Simon Zelotes, Mlner Street. SW3. The SCI1 ¢ontn"buted £3.00012024. £3.2551 towards the IeeP ol the The Schod has also maint•ined its strong link St Mary Magdalene Churth, Rowngton CIc6e, Lrfe Veni, The ASTr Hawafja l Addis Abzba Sussex House has estsblished a str9 link this s¢hoc4 in Addi$ AJ)aba. Asra Hw•Ydriat Sthty)l exL8ts to provide educalion fr¢ju5t over 1,tM)J ElhioF4an chIdn vkno not Other8e have the to attend schjol. The school is funded by the Asra Hawariat Sthod Fund bas&1 in Ihe UK aThJ no ¢hikJren pay to attend. A gerters wiiroution from funds raed at the Chri5trna5 Fair 2023 was donated to the Asra Hawanat School Fund. The Trnstees have contiThRd to rewew the Sthcds adiwts indudirJ revenue and finanoal. hlman physical resour$ as part ot theirdube5 10 mtsiitor and ensu Ihat Sthorfs ¢tharlb ot¥"ects and the wNic benefft a athieved rnost effectively. transactsons N P Kaye is a trustee of both the Asra Havrnriat Sthod tur¥J5 Ihe A5ra Hwdriat sch)ol in Addis Aknaba, and of Sl laary Magdalene Church anL1 the St Mary magdane Musi¢ Sooety. Dela'& ol trartsactions Imth these related parbes are sel out in noi8 19 10 finanraal slatements. Bursa Bursaries are available 10 those pro$e pupiL8 meet the SdK)rfs enlry reqU1mentS, or rjJrAt wpils. and are ma(le solely on the ba5 of pants1 means or to harfship Ithere a pu1'S education and fvbjre prosFecis would otherwise be at Ask. In assessryJ means Ihe School lakes a number of factors into o)n$Trderon induding farnity income. iftvesbnenls and and famity ¢xrAJmstsnces. The Trustees identify and assess the maior rth to Charity is exposed, Ihese are appropiiately managed. The Major identified b2ing an adVee wnpac on ts reputstion ofthe sd01. ¢hange5 to the regulatw, gislatwe and Insrectron regime. pdrtKal anLI financial nsk. To mtyate these r&s. amory other adions, the Trusiees. %%ilh assistance from the Go¥emoffs and the Staff Senior ManagenRnt Team. ensure that a hwJh quality edurAtion is provhled, ensure that 8 rcèust 58t ol prAKaes. wocedure5 and risk assessments are m8intsined. develop finawd management, monitorthe effeeThe$S of the Syst of inwnal rx)ntrds aNJ Otsr7abte mear6. indL#JirKJ cover wthe appropnate. Truslee Indemnity insur8r Is in ptace. Page 4
Sussox Hous Sch¢)ol Trustees. report for the year ended 31 August 2025 Financial revtew and results lorthe year The Schocl's exceeded expendiiure by £417.858 thE year12024.. £473.5891. refiecls the ongoing mana9ennt of inc(me anLI St5 vthoul oynprrrni5ing educabonal qualrty. The School Tl¥e¢y inccrne of£5.644.165 12024. £5,187.5751 during Ihe year as a result olchargiThJ for luilTr and related activffjes. This year. the Sthool reIVed donat$ to the Arts and spo Fund of £69.46012024. £71.7161. Uorestncd donaik)n$ toiaifed £13012024.. £53.4701. Expenditure on Schjot operats.ng costs was £5.29).273 P024: £4.740.67317Ailh a further £3.828 (2024.. £15,398) of expenditi1 inoJrred in rdatsC to donabon5. The conbnues to be a steady nuner of Wi8trabons for future alleThjan at the Sthoc4, a strong demand for places from hvjh calibre academie candidates. based on entran test resums. The School's unreslricted fvnds at Ihe end olthe Year £3.3Q5,63212024.. £2.856.8011. and re5trirted lund5 were £607.20912024". £643.2121. Total free re5erye5 lunrE51rided fuTrJs kn those held In fixed assets) at the end ofthe year were £2,693.57612024". £2,231.7841. This reFYesents the funds av•latAe ts the S¢lvxJl to use io support rts resetves poIKy. Total SelveS stsnd at t3,912.841 12024." £3.5CKI.0131. In a nrmal year, a total reserve level equivalent to one ierTn's custornary expenditure Uld be a level the trustees ¥Uj tnsider praclUb and achievable M an orwjtyng basis lo cover Ihe custcffiary rtsks and Uncertain of Lweratirwj as an irthpendenl educatiDnal eStablhrn?nt However, giveri the prevaikng degree of dornest and geoOitd, aTrJ eojncfflic vc43titty. at the present tine. the Trustees consider it prudent to mainiain a higw levd ofresew to provide a weater degree of finaal setsJrity forthe School during this period ofexcepti¢)nal uNrtaInty. Th? Reserves Poly remans sutct to Lryoing revw. Remunwation The key m3nagement personnel ofthe Schcd are the Headrna5ter and lh2 Staff Senior Management Team. Thwr remunergtion is set afterapmriate *Tlh Ihe Trustees. Inveslrnent There We restnthcfi5 On the thaiitable ab5ckn ofinvestJnent The trn$tees' poh.cy nI.tnUes to te to put any surF4u$ cash on a $peoal dep acctyJnL Depo aco)um intet01£67.774 I224". £42,085) wa5 recei¥ed during Ihe year. Future plans We plan to rxeate an office on Ihe lop floor ofthe Hal. The Sthoc4's key obpcb¥es remoin to mainlain Ihe nLxnbef of pupL5 at Ihe present levd and to pursue the same objectives as rerted atrme for tr"s year. Page 5
Sussex Houso School Trustees, report lor lh• year ende¢J 31 Augusl 2025 stat•rt oltNstee$' r•gprywlbbllls In wt of lh• Unkn¢lal s¢ètsmeh The &te&S are a150 dreuoG of Sussex Hr•A8 lor w585 ofcL¥rp8ny tswl ar8 fty oparing the knJees' rewt finarfial s¢8t¢rTwts ( •Wkab [ ar#1 Uniled Kirydom G8n8rnWy Acceptod Accourn9 Praeilc (UK GAAPI. Cofflp•ny Lw requires vtsswes kn prnpare finarKial 51aienrt8 exh gi¥ ¥ tsue and 13ir ¥llewol th4 stale ol affalr5 lhe charilab c4w of Ihe irK3ynlry re8(wr(s apthts)n 0ftwu, In1rj th• Income and exp8nthlwe, Cl10 ¢unparw >wr. kn ryepa firwKOd 5tst•ments. the Im5teas are re4ulrpd to.. observe tho Met1 and ptheAF5 In the Stn•#ofReo>nnvle(r PALce and R8porfry ty ChariU851 Ilhe Charities SORPI: SLlt•tHhelher Vnlted lQ"WrnkcounUry SWrds hwe been knie¢l to any mBWal departures 4i5dosed and exKth"ned in Ihe thanoal stalw5.. 1 weparE the fir4ThJal staiwneNs the gJ¥ig ¢LYum basis Un11 Li t¢+ presum tho ¢Wtsbf8 rnpany lInue in rMarK1 polith) of Ihe cF4riiatAe CpartY and •lab Ihem Io Ihal the finanti stsi•ments compty wlth the ¢panIeS Aei 2C¥]6. Try we also respthisiNe sale9V3rdiry the assets ol be ctyrty arKI htno Each oflhe bstee$ of the cl•b &ryycrffjMsi1 so faros Is aware, Iher• is r¥J re¥ani tha Ihe IN$18e has ¢ak8n gl the steps that to as a trust in wder lo maka himsoLlaar• of any (elevant audit inl¢jmwrt Io 8Stabfish th the authty)r & *arE of thai inlormatlon. fegim?. Appmv¢d ty tho lostees or•J slgnthl thdr t4ha#by NPK2ye Headmasier Page 6
Independent auditovs report to the members of Sussex House School for the year ended 31 August 2025 Oplnlon We have audited the finanoa ststernents of Sussex Hse SthorA lthe'tharlÈ4e company'l lor the year ended 31 August 2025 whith ¢ornpn$e the Statement ol Finanoal Acbvits. balan Sheet Strtent of Cash Flow5 and notes to the finanaal staternent5, mduding a SLThrnary of significant antIr0 poIKies. The finaal reportsng framework that has been apphed In their preparats¢ is awli(at4e law a1 Uniied Kingkni Aco)unb"ng Standards. induding Financial Reporbng Standarf 102 The Financial Repry StandanI8th in the UK8nLIRepublicol lTrland (Unrted Kingdcffi Generally Arxepte(l Aco)unbng Practs.l. In our opinion. the finanaal statemenis.. yive a true and faiT wew of the state of the tharitatle Oynpan5 affwr5 as al 31 Augusl 2025 arKI of ts inr4)mi resou$ and applicatson of resoUrs. induding ts in¢ome anL1 expenditure, for the year then ended., have been prc)edy in armdance Unrted GeIalty Acced Acntsn9 Practice, and have been wepared in accordarts ilh the requiRnrts ofthe Cryanie5 Att 2LK6. 8asls for oplnlo We conducted our audit in accordan ¥Mth Intemabonal $Trards on Audthrg IUK)11SAs IUKII and applicabk law. Our responsibilit$ undef thi)5e stsndards a further dexrrited in the thilorfs responstsileS for Ihe audit of the financial statements 5ecticn of our rerort IA a irtrndent of the th3ntsb ¢xynpany in accordance th elhil requirements that are leVant to our audit ollhe fihantial #atemeftts In UK. inc#Jding the FRC'S ElhKal Standard, and we have fulfined our otherethical responsbilibes in acccffjdan 7•nth these requirements. V4e bdve that the audit den we have obtained is sufficaent and appropnate to wo¥rde a basis for our opinion. Conclusions relatlng to golng con¢ern In audibn9 Ihe finanoal statwrents, have conduded that trstee5. use ofthe gow¥J 0)nffl basi5 in the preparation of the financd ststement5 15 appropnate. Based on the [ we have Ferfonned. have rtot ¥lenbW any MalE1 nrtath$ to events or GoTrJitions that, inilivKlually or colle¢ts¥dy. may $t ggnrfKant doubl on the enb"ty'5 ab.lity to cOrrtUe as a gn9 Conrn for a period of at le35t rnonths frcrfn the date the financal ments are authwsed for issue. CJr responsibileS and the re5pon&t4'1iliesolthetrusteesvAh respeclto going n¢effl a described in the levant sections of this reporL Olher infornia¥¢ The other infomaton c4Jrnprises the tnfonnation Induded In the annu31 port other Ihan the financ481 statements arKI our auditorfs reportthereon. The tFUStees re$porwb knr Ihe otherinfonnabon o)ntained vAthin the annual pOrt. Our opinion on the fiftanc4al statements sjces Aot cover the othev infonnabon , exLWt to tr extent otherwse expliatty stated in our report. do not express any foffti of aSsurnn Ihereon. l)Jr responsibility s to read the other infomiatiort and. in doing so. exjnsider thether the other infrffrnation is malwially IneA)nsint the finartial Statements or knoedge obtained In the COue ofthe auditor otheIse appears to be materially rnisstated. If we identfy suth rnaterial inconsistenc•es or apparent material misslatements. * a requir•J to delemiit* wthethèr this 9Ne$ r15e t¢ a matefflal rn6statent in the finanoal Statements thernsdves. If, based on Ihe pufonned. condude that there is a rnatenal ryw5Staternent of this Qlher InformaOn. a to report Ihat PJL We have nolhing to rep¢yt in Ihis ward. Page 7
Independent auditor's report to the members of Sussex House School for the year ended 31 August 2025 OplnSon$ on other matters prescribed by the Cornpanies Act 2006 In our opinion, b35ed on undertaken in Ihe cthjrse of Ihe audL' the infr1rma1 9Nen in the tntees. wrL Ihe di£10, report prBpaTEd for ¢ompany law purpose5, for the financial year for %thich the financial staternents a Is ¢sIstent th the finanaal $tgtements', 8Th1 the direciors. report induded ithin the injstees. report has been ppared In acccffjdan applicable legal requirements. Mattels on whieh ave requlwl to report by exceplion In the lighl of Ihe knledge and undeIan1ng of Ihe chanfa>be ctsxparty •NJ rts environffent colw.ned in the cOue of the awlit. have ryjt thntsfd material m6Stats the trustees. report We have nothry to report in resped olll folk.9 matters in rel•ts"on to thÈ CompaniesAct 20C6 requires to report tD you if, In our oprAon-. adequate attounting records have not been ke0. or retuwns adeoueforoutaudrthave not been receNeLI from braftthes not wsited by us". the finanoal ststements are not in agreement ith the aLwJnbng recc¥ds and reluffls," rtain di8closure5 of tru5tee5' remuneTrtion speofied by laware not maile.. or we ha¥e not recei¥ed all the in10ation and eyyanatWS 1r? for our aud, < the Irustees, V•ETe not entiled to tske •Yv3nl4e ofthe small ctynpanies. exempb'orts in weparing trnStees' report and from the qUilent to prepa a str¥te9iC R¢$pon$ibllltles of Twu51oes A5 explained rn0 ftAly In trustees, responsi.1.es staterrnt Ihe irustee5 (w are a150 the dirECtor5 of the tharrtable company forthe puws ofojrnpany L) responst4e lor the pparalfi of Ihe finan(aal statements and for being satisfied that they gi¥e a true aThY fairMew. and frjr suth Internal contrc4 as the tntstees detennine L8 neSsary to enable the paralion of financaal staternents Ihat are Iree frun matena ¥sstanl wthether or In preparing the finantil Slaer. the twstees are le¥ble for asSng the charrtabl? company's abilrty lo continue as 8 going conm. disthsing, as applicat4e. mattw5 lo g¢yNJ c(Jncem and usiry So9 rJ)n¢em bag$ of ac£ounting unkn the trustees tilr nd to h"qutyYate the orto Cew operab"ons, OT have no realistic alternaiive but to do so. Audltorfs re5pon5ibilitre5 for the •udit of thr fin•n¢l•l statements Our objectNes are to obtain reasonab assuran abjut wthether tr financial sialements as a are frem material rnisstalement. %thetherdue to fraud error, and to wJe an audit$ report thai in(&Jdes our cpinion. Reasonable assuran is a high vel ol asswan¢x. but 1$ not a guarantee that an audrt In acurfdance ISAS IUKI will afv4ays detect a material rn1s5talefft when rt exists. Misststements can arx from fraud orerror and a cOr¢seO material if. indNidually or in aggregate, they could reasonatty exp%cted to influence the economic decAsions of users look on the basis ofthese finanaal 5tatemerfs. As part ef an audit ift ar£Ordan ISAS IUKI exerrxe proles%onaIJwJgen afyy maintain wofessi¢)nal sceptieism throughout the audit. also. k1enfy and assw the rtsks ol material M551atnI of the finan 5trnerrts. Llue to fraud or wor. deggn and perforyn audrt wOcedU responsive to IhosÈ ns. obtain aL#Irt eviden that i8 sufficnt and appropriate to provide a basis for our opiniLm. The rtsk of not dete(ing a material misstatement reSurj frcm fraud is hwher th8n for one resulting from wor. as fr8ud may Invc4¥e collusbjn. forg2ry. Intentional ornissiL¥ts, mi*EpresentatK)ns. orthe override of Intemal control. Page 8
Independent audito$ report to the members of Sussex House School fty the year en¢Jed 31 August 2025 Obtain an undets&Jing 01 inlernal ¢ontrol evant to the audrt in orderto L1eg9n audit wocedurE5 Ihal are appropnate in Ihe aruxnstsnces, not lor the pury>oses Ofexprefig an 010 on Ihe effedi¥eness ofthe ¢haritsble cnpy,s intemal ¢ontrrl. Evaluate the apFryriatenes5 of acrnung F4)Iw used arKI ts rea$ne$S of accounting esty"mates an(1 related di5d05ures made by the trustee5. Condude on Ihe aFpropnaterEss of the trustees. use of the 90irvJ con¢em bas of attounting and. based on the audit eviden obtained. %theiher a material Unrt&tY exists related to e¥ents or CondOnS that may Ga5t significant dwbt on Ihe Gharitable company's ability to contsnue as a goiThJ ¢xrn. If rmdude that a malerial uncertainty exists, are required to draw atteniion in wr audito¢s rewrt io the related dis¢isures in the finanaal ststements or, if such disdosures are inadequate. to rn¢>Jfy our wnh?n. condus1 based on audit evh#ence obtained LW to Ihe Llate ofour aJitOrS Hwèver. ftrture events ¢y condiions May cause the tharitable cornpany to cease to continue as a going COM. Evaluate the overdl presentston. structure and fX)ntent olthe finantsal statemenis. induding the disdosure5. and whelher the financial staiements represent the vndertying transacbon5 and events in a mannerthat aChve$ fair presentstion. We ¢ommuni¢ate wth those tharged ilh 91)%mance regarding. arnong other rnatte, Ihe planned scoFe and tirning of the audit and &gnificant audit findings, indudiw any sgnificanl deficwicaes in intemal control IhatM¢ IL1enb"fy ¢JuIing our audiL Explanation as to Tlththat extentthe audit TIAS consldernl c•pable dth¢lhbg Irrw•rflfi¢s, In¢ludth9 fr•ud Irregubribes, indudirJ frauil, a instsft of nnlance anLI wulations. We design proU5 in line with our respon5rf0ilitie5, Outlined above, to detect mateiial rnisstatements in resFect of irregulanties. IT411 fraud. The extent to vthich our prot%dures are upable of de¢ecb"rg Irwularibes. induding Iravd Is deiatled below. The 0tr4'ectNes of our in respect of fraud. are.. to Klentty and assess Ihe rtsks of material rni5Staternent of the financaal statements due to fraud, to ¢btain SLrffjcient aprywlpte audrt eden regarding the assessed nsks of material misstatement due to fraud. thmugh dling and InWements"ng appmwiate responses to th¢)se assessed rth., and to apprwriatety to instan5 offr3 OT 5U5peded thnb"fd during the audr(. However, the primary re$ponsility for the prevenbon and detec11c offraud rests wilh both nagerrn1 those th•r9ed with governance of the tharitable ¢ompany. Our approach was as I10". We cètained an Undef5tsnd9 of the al aTrJ ulatY rtquirEments aFwIcab to Ihe chantab company and )nsidered thatthe mst >Jnifi¢ant athe CCpanIesA2[Ij8. the CharilsAL#2011. Ihe Cttanty SORP. safeguarding le9islati¢n, GDPR and ernent iSlati. We obtained an understsndirq of the chantabk cLynpany sJyrylie5 these requirements by di$$s1On$ wth rnanagement and those charged with 9ovemano. We assessed the risk of material mtsststement of the financial 51ateJ)nls. indLNJiNg the n5k olmatenal misslatement due lo frau¢ and how r( rnvJht occur, by holding diswswon5 rnan4ent aThJ those tharged wrth 90vernan. We inqwred of managernent and those charged as to any kntyyn in5tance5 01 ncfi-c0rnplian or su$pei#ed non-cornpln¢e ith law4 anLI 1?"$. Based on this undefStsndiThJ. we desyned 5pec4fic appwth audrt proce(lU$ to Klentfy in5tsncts ofnon-complian th laws and wulab.ons This indude(I' makng wuiriesofmanawnent and Ih05e charged ¥th governan.. obtsining addib.onal oJrToboTrtive evidence as requi. re¥ ol board minutes, tesbng the apprwriateness ofjoumal entr*s." and the performan of analytical revw to hlentify unÈJpected movements in a(tount balanS 4%thich rnay be indicative of fraud. Page 9
Independent auditor's report to the members of Sussex House School for the year ended 31 August 2025 The a inherenl linwtskns in the auLIrt pr(¢•JU des aL)¥e. We are likely to beo]me aware of in$tances of nonojrnpliance wlh laws and regulations Ihal a not dosely related to events aTrl transacbon5 reflected in the financial statements. A150. the risk of not (JeteLng a matenal mi$stalement LI lo fraud higherthan the risk ol nol detecting one SU"n9 fr¢Jm error. as fraud may invthe delthrate 0)naknent by. example, forgery or intenknal mrePreSentatIOns, or Ihrough colusion. Use ol owr report This report is made sddy io the tharitable ccffipany's wrnt•s. as a bcJy. in xurdance wth Chapter 3 of Part 16 ofthe Cornpanvés Act 2CKJ6. Our audil WO has been undertaken so that WE mpJht stste to the charitable ccffnpany 5 mernters those mattets a reQui1 to sts 10 them an ajitc<S rw)rt and for no olher wrpose. To the fvllest extent permitted by law, we do not a¢xept or assurne respOnSlty to anyone other Ihan the chariiable cLTrpany and the charitab cOmY'S rnember5 as a body, for our audrt forthis rw, or fot Ihe have fwnEd. Jonathan Aiken$ Senlor Statutory Audbtor For and on behall of Moore Kingston Srnrth LLP charte Accountanls and Stalutory Audrt( 4 Victoria Square St Albans Hertfordshi ALI 3TF Date". 13 March 2026 Page 10
Susux Hou$¢ School SLitement of financial activities (including Income and expenditure account) For the year ended 31 August 2025 As Restated Total funds 2024 Unrestricted Re8trl¢tsd nds funds 2025 202$ Totsl Unrestricled Restricted fd8 fund5 funds 2026 2024 2024 Incon froffl charitable ¢tlvitit$ School fees Bwsanes Regi5tr3tion fees Inco frcffi generated fvryf¥' Donaty"ons Interest Tl¥able Other inwrr 5,464,898 5.464. 196.5191 5,077.629 163.9)21 21,6( 5,077.629 163,9021 21,6C 195.$191 130 67,774 29.671 5.$89.S18 217.460 217.690 67.774 30,171 S.711,959 53,470 42.085 27.062 5.157.944 71.716 125,166 42,085 27,062 5,229,660 Total income 122.441 71.716 Expenditu on charitablB actlvltles: -Teathtng ¢xJsts - PremBes - Suprx)rt costs - Deprerialion and 0SatIOn - Bank charges a4 bad debts - DDnations 3.781.367 698.908 571.903 33,993 f55,m 3,937,246 698.908 571.903 36.S58 45,658 3.828 6.294,101 3,640.995 599.825 440,518 26.289 12.624 3.653,619 599,825 440,518 45,601 1,110 15,398 4,756,071 19,312 3,828 s.t35.6S7 5,086 4.713.823 10,312 42,248 Total •xp•nditur• 1S8W4 Net On¢orne I lexpendltur•l Ivr the year 453.161 136,0031 417.85B 444.121 29,468 473.589 The notes pages 15 to 27 kn part ofthe finanoal Stalents. Page 11
Su$s•x School Statement of financial activities (including income and expenditure a¢count) For the year ended 31 August 2025 Totsl Unrestricted Restricted ' fvThd$ funds lund5 202S 2024 2024 Total fvnd5 2024 lunds 2025 lunds 202$ Net ine¢mellexpertdrtuiel forthe year 453.161 13Q003) 417.868 444.121 29.468 473.569 DepC#aon M revaluation of tsngible fixed assets Not rno¥emefrt In funds Fund balances at 1 September Fund bal•n¢es at 31 August 16,0301 448.831 1856,801 12.13 3.305.632 15,030 412,128 3.SOO.013 15.0301 439.091 2.417.710 15.0301 468.559 3,031,454 3,500,013 136,0031 643,212 607.209 29.468 613,744 643.212 3.911841 2.856.801 Th&net Inccrfnry rE5¢wrce$ lor Ihe year deri¥e from Ihe continuing operatn5 of Ihe ehahta)le eornpany. nDths on pages 15 10 27 ftyrn pari ofthe ststernents. Page 12
Suss•x House School-charfty regSs14Trd humb•r. 1•351061Engl•nd an¢1 Wah51 ¢4)mpgny rg9lster•d number. 02884794 (England •nd Wal•sl Balance sheet As at 31 August 2025 2025 2024 Foxed a8sets: Tang1 a55•1¥ Llsled Inv•stsiwts 611.7S2 124 627.4S8 124 811.876 627,582 Non ¢unvn¢ assots.. Oeb1ty5'. an]tsnts famng thje than one year io 192.$00 1Y2.500 Current assets: Debttys Cash at b 351.736 4.660.130 5.01fI66 11>92.9011 255.TlO 4,252.544 4.508.314 11517,883) CreditOf5: ts11ing ¢kn on• Net tyr11•s¥Èts 2.W).431 T¢Jtal a8s•ts less 411•bIlli 4.223.341 3.810.513 QE¢Jilots'. aTrJwts fallry mortthan one year 1310.$001 P70,XKJI T•lal net ass•ts 3.912.841 3.500.013 Repres•nted by: Re5eryes.' Restri¢ed lunds Unre5trfctetf fu$ 12 13 607209 3.305.632 643.212 2.856.801 Total funds 3.912,841 3.5),0?3 Ihe sfflall o)rnp8nies' regirro. subsequenlty prov8 to be ¢Jof¢cDb. Apwoved fw issue by sh>j w I1li beh3llbr. NPKay• Twst¢¢ fvr¥<• IIK aTzg es cffj pages 15 to 27 lonn wt oflhe f*ial sktemwts. Pa99 13
Su$$•x House School Cash flow statement for the year ended 31 August 2025 As Reslated 2024 2025 Cash flow5 from operatin9 a¢ti¥ils: Net Inrne for the year Adjustrnents lor.. tharges 412,828 468.559 41.S89 167.7741 19S.9851 484,203 774.880 50.631 142,0851 1305,8921 172,1951 99.018 Interest Ilftcftasel Idecrease in debtors InaSe I Ideueasel in cxedito Net cash provided by wrats.ng aclbmbes.. Cash flows frtvn in¥lfjn4 actmtles: Inte$t Purchase of prowty. fiwnltv and equyrnt Net cash used in imiesting a1$". Cash flows Irrxn firt•n¢ing •¢tivities: I[8$e I Ideueasel in fees In adv Net cash used In finanrJThJ ar*vities". 67,T14 I25,8) 41,891 42,085 126,1881 15.897 1409,1851 1409,1851 611,124 611,124 Change In cash ai bank •knY in hand in Ihe ye 407,586 726,039 Cash at bank and in hand at Ihe be9inning of the year 4.2$2.544 3,526,505 Cash at bank and in hand at Ihe eTrJ of the year 4.660.130 4,252,544 Ch•nges In netdebt Cash Flo At 31 August I September Cash at bank aTrJ in hand 4.252.Y4 407,586 4.860.130 The n¢)tes c¥) Pa9es 15 to 27 part ofthe fifi131 statements. Page 14
Suss•x House S¢ht)ol Notes to the financial statements for the year ended 31 Augvsl 2025 Accounting policies B•$l$ of preparallon Sussex H(wse SchooF i8 a puL4ic tefft entsty lirted byguaranlee and oated rn En9Lqnd and Wa. The regtstered olfice is 68 Cadojan Square Lcfidon SW1X These finCl staments have ien prepared Ihe Finanual Reporting Standard 102 IFRS 1021 and urmler the histcrfical cost c(VentiOn modified lo indude ¢he rEvaluats"on of fveehokl W and building$, and in axordan¢e th the Staternent ol Reed Fxtitt." Accountirg and by Charitse$ preparin9 their ac£ounts in accordance vAth the Financial Reportry Stsnda(d aFVlirae in Ihe United ryd0 and the Republic of Ireland IFRS 1021- Second EOn aThl the FinanoJ ReportiThJ Standard athicab in the Unrteil "n9¢MI anJ the Republic ol Ireland IFRS 1021 arJ Ccffjpan Act 2c. The finanLial 5taternents a prepared in 5terliTrJ, r8 the I181 CUncY otlhe thairtabbe eompany. metary arnTrts in these finanua statements we lo the nea$1 £. In¢ome All inccffle is rec¢gnwl vthen the cantk coryany is legally rtdJed to the incorrÈ. when it is probable that the in¢ome be received and the arnJ[ receNk ran be mea¥ure(l %%ilh suffiGWrt 11"11ty. In)me rekwesents fees ¢afged in re5ped of10, rther rElatsJ adivits and gistratiOn fees. Fees consist of charge5 Invcttd lor Ihe Sthod year endiThJ 31 August 2025 for tuthn and wtstraiim. Fees reiVed for e(luts" to be in luty years are deferrEd lo futu pertsjs Tuffj'on lee incrme is invoKed and recognLsed at Ihe ofthe ped to which rt relates. Charges for other related athib.es a biled In arrea and recc43nised as inccffle in ts penr#J to they late. IncLwne frorn registration fees and donations * recogntsed when rece. InterE5t irKome 15 wnrsed on an accruals basis for Ihe pwiod to whith rt retstes. Donation$ indude those arnoLts ¢Jmated to 5Fafic restrwthd fwK15 aTrJ unrestricted donions ah)n9 %%ith any tax refijnd retri¥ed under &ft InCorng re%>uros atso indleS Interest Tl¥able and any gains in value of investmen Expendltu Al expenditu lindud9 Irre¢overe VATI 15 rEcc•3ni5ed vkn a lialtr 1$ InrIed arKI ha5 been dassified Under Ihat a99re98le al costs lated to Ihe legory. Chane aCtiVe5 Costs Con¥5 all OFering expeTr4th rjJrTed to enabk the tharita>le company to lulfil its tharitabk awns. These indude both Costs that cw be alkxed directty. antj those ofan natu whith a esSary to SOJFPOrt ¢*aritsbk activitw. Costs ofgeneraiiry fvTrJ5 we Ihose rAted in att1X9 ¥0tary donath?n& Page IS
Su55ex HOU Sch¢)ol Notes to the financial statements for the year ended 31 August 2025 Aceountww poli¢iM (cmtind1 TangllAe flxed assets TanglAe fixed assets oxting £300 or we ca11e& Depreuthn is provxled on tangitr4e fixed a55eis at rates (2kiJlaled to wnte off the $1 0rv3luatK. kn estated of exh asset eventy over ils expeded Use[ life. 35 foMtrs. Freehold buildir¥J$ Lèasehold property ryrovnts Fumi1u and equynent over50 year5 over the kase tenn ler 4-10 yeats No depreriation ty charged on freehtyd land. Llsted Intrtsimtnts d in¥ethents are shown at mwket Vdue. Flnancial instruments The tharitatAe company only entets into bast finantsal instfuments trwsac"ors that resdt in the reco3nitron of nanc4al assets an¢J liabilty"e5 such as [leb15 31t01. Fin3naal instruments are inrfwlly rneasU at lue. TPey are assessed at ihe end ofeach reF4)rting period for ofy'ective eVnCe of inyainnen( and rf an imwrment105s is rec¢gnL8ed. Cash at banlK Cash at bank conwses cash at bank arNJ in h. Debtorn Short tenn debllys a measured at trawcbon wte. any mwrment10s8ey. Crtdllo Short temi drtIys a rneasu atfv nSaCti pr. Oeposlts Deposits [Klade against final tenn's fees are treated as a bJrpJ tern lla.11ty exp1 io the extent that Ihey are due to be repaid ithin year of11 balae #et date in case they a re¢wded as a liability. Forfeited deposits we ten to income. Pension5 The School contrt¥Jles to the Teathers. Pension Defined BenefiL8 at rate5 set by the Scheme Actuary and advised to the Sthool by the Stherne AthlintratOr. The Stheme is a mdIemplOYer pens)n s¢heme and it Is not possible to enfy Ihe asseis and liabiltiEs ol the Scherne *thich a attributable to the sth)I. In acujrdante wth FRS 102 the Scheffe is accounted f¢¢ as è contribLrfion $Che and cor4th'buts'(w are accounted for when advised as due by the Scheme Aémini8tralor. Contnijulions to NEST Penon Stherne are at Ihe le¥et reqUId under cutyent wortplace pension L$latIon. Page 16
Sus$•x HI$• School Notes to the financial statements for the year ended 31 August 2025 A¢¢ountlng poll¢Oes lo)nlwiuedl L•asing cornmibnents Ren1 pad uTrJer operating IEa5es a to irK£ffle on a Straht lire bags over the lease rm. Fund •¢¢ountkng: Restrfcted fund8 Re51ricted fttnds cornytse thfflations gNen fora speufK Purp and their use is Iherefrxe sutiect to specffic restnthons ryosed by donors. Expenditure Inrred in fvlfilirvj the obpcthe ofeoth fvnd ts Charged agairtst thB hjnd balar and deducted Irom the expendrture category in the Chantab cryany's Statemenl of Fin3nr#al Adtvibes. Vthere the expenditu lates to a fixed asset. an amount Is set ashk In re5tncted related to that fixed asset and an annual depreiiabon tharse is made ayairLSt the 5tled lund unil t¥1 as Ihal asset fulty depreaated. Unresiricted fvnds Un$th¢ funds cmipnse aCCLmulaied ¥JV$e$ arwj and a avalable fruse at the discrelion of the trustees in ftIrtheran ofthe general 04"ectrS of thanlable inpafty. Judgernents The pparon ofthe staterrnts rEqUirts the Trustees to make judgements, e5timate5 and a55PtionS that affecl the amounts rep)rted assets and Iiaknhties as atthe balance sheel date and Ihe amounts reported for inccme and expendilure rirVj Ihe year. Tl Tratu olesb"mation means Ihe adual cutcornes could differ frorn thc5e estirnate5. There a no iudgements maje Ihat have a suJnificant effect on Ihe arnot$ recognised in the financial statem1$. B•d Debt Pyovhlon The recognrtion ofa bad debt provisTh a key area of judger1 as il delermws the QUt consklered recoverable ofthe sthool's fee debtors reCCwed in the fin81 ststemenls. The estimaty'on techniques used for bad debt lTeS Ihe trustees to assess whetherdebts a likely to be recove wknith requi assessnts Ints tr) be made on hi8torical payment pattems and tharvjes in econcfflic siluations. Golng ¢on¢em The tNsiee$ a It ofany mrial wKertaintie5 regdirg 90ing crn. Income Incune represents fees th8rgesY in respeL oftuthn. otw aui¥ibes and regi5trdtion fees. lknations include those amounts donated to 5Feofi¢ $1cted funds ané unrestricted Ilonab'ons along ith any tsx refund received underGift AKI. Incwning resour irude$ interest e*vab and any gains in value of investrnerrts. Page 17
Sussex Hous• School Notes to the financial statements for the year ended 31 August 2025 Tuition fee inctyne is invot¢ed 8nL1 re0)grsed at the slart of th2 pentsj 10 it rdates. Charges for other ted act"e9 are We¢ in ar0[5 and recognised as iJcffjt n the pwrod to fv"L they rela. Incl frorn regL8tration rees and donations are reeLJnised 7•then reci&ed. Inle 11K iq rewnised on an ac£ruals basis for the period to vthicl? rt rdates. The donathons receibEd dunng tre year c(ryr¢e(l.' 2024 Total lunds Tot•1 Arts and spo Fund Asra Hawariat Sthc<4 F1 Butsaries Fund 69,460 71,716 148.C 148,1100 130 Cxher 217.460 130 217.S90 125.186 Expenqlilure This Is $tsW •ft•r ¢h•rylTrg: 2025 2024 Stair ojsts (note 41 Governance costs-Audito¢s remrntic - other govemance ¢osts Depreuabon of owmed fixed assets Operatbng lease wtsls- plant and equweni - land buth1ings 4528.S09 9.360 3.182,051 12.480 36.SSB 45.601 377,5Q5 351.490 Remunerall¢n of trust••s Mr N P Kaye. who is a trustee i¥ aso Ihe schtds heJmaster ar•J his wunerab.on under hi$ ntra of employment as Headmaster lexdudin9 pension contrlJuth?nsl l1K41ng benefits, VR5 £95,49412024 £78,068) and is includeil in the staff costs. In add'on, the School has made ery>loyercontrTbubons to the Govemmenvs reathe, Pengon Defined Benefts Stheme (note 151 frjr the be of Mr N P Kaye ol £Nil12024.. £Nill. No othertrustee 1ve0 any remunerabon in respecl ofthew SeThs the )tar12024". £nill. No trustee received any lMAr$em¥rt ofexpenges dunng the year12024" £Th"11. Page 18
Suss•x Hous• School Notes to the financial statements fof the year ende¢J 31 August 2025 Exponditure (continued) 1¢) Indemnity insur•ii¢e The sth0 has purthased Indemnty InsuTaKe to indemnify Scho¢Y frjr up tts £1,CK)O.(XIO from loss ansing from the neglect ordefautt of its tnkStees, employees or agents and to Indemnfy the trustee5 or Otr officer5 agan5t Ihe consequen$ ol any neglect or defaum on thr part at a cost of E284 12024.. £2271. Idl Support Costs 2025 2024 Wages afvj salaries Compuier ojsts Insurance Inonuiklingsl Governan costs 353.S96 73,118 21,120 54,551 69.519 571.903 262.889 85.847 26.974 12,480 52.328 440.518 Ier 5UPP]rt c¥)sts Staff Costs 202$ 2024 Wages and salar Soti security costs her pension c4sts Inote 151 2.733.906 326,456 468.148 3.528,509 2.547.446 280,062 354.543 3,182,051 Of the above £3.174.91412024. £2.919.1621 B Ind in tea(in9 Costs ahd £353,595 (2024." £262.8891 is induded in $pOrt ts)SlS IA the statnI of FinJwl Afxivths. The average m¢)ntl¥ly number ofwryloyees dunry the yearwas as fdknb%". 2025 2025 FTE 2024 2024 Teafing staff Admini$traty'on 41 13 37 47 42 Ex4Jrnbo payments tot4lirJ £Na12024". £9,C(JOI Ere paxl to #aff a¥in9 dunfw the year. The t(al ofkey marwent personnd cornSa[ was £982.P4)312024. £801.5441. Page19
Su$$ex Hous• School Notes to the financial statements for the year ended 31 August 2025 Stsff Costs {¢ontinued) The numberofemKloyees Ose rwnunerabon eXded £60,CO) are Set tAiI tekny. 2028 2024 No £60,001 - £70,C t70,001 £80.000 £80,001 £90,C¥JO £90,001 £1.000 £100.C4)1 £110.LK¥) £120.Tr)1 - £130.oc¥J £1SO,LYJ1 £160.OLYJ 12 Taxation The Sthoc4 is a regisiered charity and thfore 1$ nol hable lo Inft tax or crypa.0n tsx or Income or gains denved Irom ts ¢harilatAe as they lall the various exemtyons aVailae to registe charibes. Tangible fixed assèts Leasehobj and ik1ngs impro%Ements Fumilure & equipment Total osV¥aluation: At 1 Septenknr 2024 Additions Di¥x)saL8 At 31 ALwJu$I 2025 950.827 7.515 521.378 961.844 18.368 2,434,049 25,883 956,342 521.378 980.212 2.4S9.932 DEPcl¥tion. Al 1 September 2024 Prowde¢J dunrg Ihe year Disw)saLs At 31 August 2025 432,682 10.405 479,169 6.539 894.740 24.645 1,806,$91 41.$89 443,OB7 485,708 919.385 1.848,180 Net book value- At 31 August 2025 At 1 Septebrknw 2024 515.255 518.145 35.670 42,209 60,827 67.104 611,752 627,458 l fixed assets oTd a used for diiECI chaniable wpose The book Value offreehok1 land aTrJ buJ95 is based on a ¥aall by Gernhj Eve, Chartered Surveyors on Novtynber 26. 1999 at open market vaue in accordan The Royal Instrtulion ofchartered SuyS. Apprai881 and Valuation Manual. This valuation of r7th1.rthi has been inp)wirated in these finanual slaternents ¥h subse4uelll additions teirg induded at cost. Page 20
Sussex Hou$8 School Notes to the financial statements for the year ended 31 Augu512025 Tangible fixed assets (continued The historul cost ol freehokl land and buib"ngs dded at)ve at a valual)n of £958,34212024." £950,827) vas £7C6,82012024.. £699.3051 and Ihe aggwate (Weoatiw thereon %wukJ be £329.30212024.. £323.8261. gt•d inv•strn•nts The tharitabk ccrnpany hold5 372 shares In Lloyd5 knkn.ng GrP plc12024.. 372 shares) is recorded at rts market value of £124 on Au9USt 31. 225[a)24." £1241. D•btorn 2025 2024 Fees rei¥le Ppayrnents and accfued her debtors 97.395 260,991 3,360 351,736 70.740 183,491 1,539 255,770 Crodltors: amounts falllng du• one year 2026 2024 Deptssrts refiJr¥Jat4e orE year Payments ferstheol fees ceNe in advan Expen$e ue¢rtors Taxation and sorial srity c4$ts Cther creditors Acuuzls 18.500 084,521 294.217 79.717 211.157 30.789 1,592,901 76,000 1,199,336 84.528 60,993 77,776 19.250 1.517,883 Deferred Income 2025 2024 Opening deferred InCC Released during the year Amount delerred in the current year Closing deferred income 1,199,336 1997,3971 682.582 884,521 663.376 1663,3761 1.199,336 1.199.336 Paymenls for Sfool fees rxived in advan of £884.521 12024.. £1.199.3361 represents fees lch are received before the start ofthe terrn to th'c they reL8te. i.e. fees lorthe Nth"thaelm35 Term are recwved during the preding summer holKJay Feri¢d. It also indudes Cash r1ved under FLA sChe prior 31 August 2025 of £201,93912024". £611,124). These arnounts are recoJn*d as inccme at the stsrt ofthe tenn to whith they relate. Cther tyedrtots dudeS arnwnt 01£82,95512024". £77.7761 5Fect ofcontributs"on5 due to Fension schemes. Page 21
Suss8x Hous• School Notes to the financial statements for the year ended 31 August 2025 10 Debtors: Amounts falling due after morn than on• yw 2025 Rent deposiis 192.500 192,500 11 Crnditors: Amourrts falling due after morn th•n year 2026 2024 School depOts 310,51XI 304.rAyJ 12 Restricted fund5 The inctyne ftjnds olthe Sth¢xd inthde resti1 lunds curpri5irJ the folkbi"ng b8nces.. Capital Expendrture Arfs and Hawanat hjnd Sporfs fvnd ScKd fuThJ and Theatre Tethnokgy Fur BUary Fun Total At 1 September 2024 IncLnin9 sourCes.. Donations 1Ved Other IncThne 2.565 613.107 4,665 2,255 20,OC 143,212 69.460 148.000 217h60 soo Resources eXp*e¢l.. Capital expendrturÈ Oepreoation School actiwbes Asra Havrdnat Schod Translers 12.565} 12.6651 1251,39al 1155.8791 19S.5191 1291 4.694 14.6651 At 31 August 2025 5.814 2.255 72,481 $07,209 Page 22
Sussex House School Notes to the financlal statements for the year ended 31 August 2025 12 Restricted iunds (CtinUed) Ca1 Asra Expenditu Arts arKI Hzwanal hjnd Sports fi Schoc4 fuTrJ g¢an Theat fijw Te¢hnok#3y Fund 8ufsary Fund Total Al 1 Septernber 2023 InrnIng SOUrCes.. Donations rEceNed 21.877 554.015 10.932 2.255 20.LKI) 613,744 71,716 71,718 Resour9 expended.. Capitsl experxlitu Depreoation Schoc4 actlwtS Asra Hawariat School Transfe 119.3121 119.3121 112.6241 110,3121 112.6241 110.3121 At 31 August 2024 2.565 613.107 620 4,665 2,255 20.LV) 643,212 The Capital Expen¢'ture Funi1 Presents nnts used to purthase fixed assets for ihe S¢hool. frorn lunts raised speofically for Such a purpose, and also the annual depwiatKJn ¢harye each yeaT on those z&sets. The Arts and Sports Fund has been used paY to fixed assets tn Ihe p35t but is also to maintsin and devdop the S¢hool's crealive, mucal, theatrKal and sporting acvths. wilh the maJt¥ty of ts fund5 being 9enerated by the School's Chrislmas Fair and &Jmmer Au¢br. lo acb¥ely sed( a candidate TrAthose arcumstsns meet the speofic condib"on5 of the Bursary Fund gilL P4Jrsane5 fijnd provides finwcial supptyl forboys 7Atsre rt is reded after a fiJll assesswnt ol ihe fllY financial f¢umstartt. Further rnu%c and drama resour ill be lunde(l Ihe I1"¢ *)d fvatre Fwd, and inprovernenls to our ICT provtsi(x) eonbnue. Technology fund 15 $dUal frJnd5 U5•J to SUFPXt sdth inveslrnent in tsthnob9y for education The Sc1Cl 8lso operates a fvnd to suwrt Ihe Asrn HawarFat Sthty)l. 13 Unrestrfi¢ted funds These funds compw.. 2026 2024 RevaMJab"¢n reserye rnulate(I surplus 137.644 3.167.988 3.305,632 142,674 2.714.127 2.856,801 The revaluation reser¥e arose on the revaluation of the freehold knd and t&jIngS in 1999, less the deptsatIOn leased to ts Slement Offinan0 adiwtie The mnIng unrtstrided rEsource5 arise principaly frrm the Sthoofs day404ay operations. Page 23
Su$sex HI$0 S¢hool Notes to the financial statements for the year ensjed 31 August 202S 14 Analysis of net assets btrten fimd$ The fuftd balances at 31 Augu$t 2025 a represented by.. Tot•1 RestrKted Unrestricted funds hjnds funds 25 2024 2024 Total funds 2024 fvn funds 2025 FrAed assets 611,876 611.076 807.209 4.40&503 5.011.B68 11.592,901) 11.592,9011 2,565 640.647 625.017 627.582 3,867.667 4.508,314 11,517.8831 11,517,883) Cutreni assets Current labileS Debt0 Amounts thje after one year Creditor5. Ajnounts tsllry due after one year Totsl net assets 192.500 192WO 192,500 192,500 1310.5001 3.305.632 1310.500} 3.912.841 1310.5001 2.856.801 1310.5001 3.500.013 607.209 643,212 RevalUatn see at 31 August 2025 is made up ot. Restrtcted Unvestiicted funds lunds 2025 2025 Total lunds 2025 Re5trKled Unrestricted fiJnd5 fund5 2024 2024 Total funds 2024 At 1 Septernber Realised in the year At 31 August 142.£74 15.0301 137.fj44 142.674 15,0301 137.W 147,704 IS.0301 142,674 147.704 15,0301 142.674 1S Pensions Teaehers, Pemlons The School patipate9 m the Tea(ers' Pengon Stheme (Erylal anLI Wasl rthe TPS") for its leaching stsff. The pension thar9e lor the year indudes contritArtions payable to the TPS of £452.57012024.. £347,929) and at the year end £47.74212024." £46,264) vrds accnd in respeca Df contribubofts to this sthme. A150 induded in pension charges fur the year as t7.739 in resped of ntributi( to APnS per6irm sthme. The TPS is an uFrfuTrJed mu.-eMe1 defined benefts pensth Sche govemed by the Teathws, Pensions Regulatsons 2010 las amended) and Ihe Teachers. Pwon Scheme Regulabons 2014 la$ amended). Membe eontribute on a-pay a$ you go. bags *ilh contributs'cffis rwters ané the nyer being credited to Ihe Exchequer. Retirement and olher penson benefits are Pa by tund5 prrNhled by Parfiament. The ernpbyer rate is set by Ihe Seuetary of Slate fothm'rg stheme Valuar6 undertaken by Ihe Page 24
Sussex House School Notes to the financial statements lor the year ended 31 August 2025 15 Pensions (continued) Teachw¥' p10n$ I¢tin(dI Government Aduary'5 Departrnent. The most rEt actuartal Trrd1uat)n ofthe TPS w8S Ppared at 31 March 20?0 ano the Valuavon Reportwas wNtshed in Ocicthr 2023. F0nClng the Mccknud judgernert Ihe r)edY proposed was Ihat 4then teneffts beo)rne payab, eligible Members can seknl to re¢eive thern frryn eittr the reformed or lega srthes forthe penod 1 April 2015 to 31 Marth 21Y22. The ha¥e asgjmed Ihat Thrner$ a likety to thoose the optn Ihat prowde$ them with the 9ater benefils. ¥rKI in wepaM9 the 2020 valuab.on he valwd th?'weater value, benefft5 forgrouF6 DI reVant mernter5. Tl valuatyon confirrned that the 0Yer contyitM.¢ rdte forthe TPS wouhj increase from 23.6gA to 28.6V• from 1 ri12024. Employers are 3ko required to pay a scheme èjrninistrabw kn of 0.08% 91rj a tolal eryloyer conthbubon rate of 28.68%. Under the definibons set OLrt in sethon 17 of Fin8nts81 Rewrting Standaol 102, the TPS is a MU.MplOy.r Fenson scherne. The chantat4e company is unable to Idenbfy its share of the undefyiry assets and Ikabilitres of thè stherne. Afrg1y. it has tsken adant•3e ofthe exempb.on in FRS 102 has ar¢xJunted for its contrd)utions the stherne as ifit werE a defined mntTthIw 5ch¥ne. Tr dwrfable company has Set OLrt above the infomatv)n a¥ailabk on the scherne. Other Pen$lons Pension ContrU"0$ e 0 p•d a thItsArt¢yy for the btnefft of noTrleachiryJ staff. In May 2015 the School Started its 3UtTrenrolment pensi scheme wth NEST lor the benefil of all non-teathing ¥laff. The •ssets of lh s¢hvne ore hehj sep¥r•tely from Ihose olthe Sthpol in InderdeIlY 3drTh"n15tered fvrKI5. AJI pens contrilxjb.on c¢ are recoln in the ststement offinanoal a¢bbe9 as they becoffe payable. The Fension charge for Ihe year indudes contritrth.ons payakAe to NEST of £7.83912024. £6.6141 and at the year end the amount ¢Jue to the scheme was £3.OC612024. £2.2841. The ststthory minimum ntribub0n levd inuease(I April 2019. 16 Capital commitments There were capital ccrnitsnents for items Cctraced for trt not WDvthd in Ihe finCHI staterrents amounbng to £nil12024.. £nill. Page 25
Su$$ex H¢u$e School Notes to the financial statements for the year ended 31 August 2025 17 Ixher financlal commitments The fuiure rninimurn kase pants due to the ofU rde¥ant kases we as Plant aft Equipment 2026 Pjant and Equipment 2024 Lond and buildings 2026 Land and buildings 2024 OFerab'n9 leases payments due.. thin one year Berween 2 and 5 yea aterthan 5 years 1M76 2J86 2.220 4.762 337,063 1,281,540 880,000 1498,603 305.C#JO 1.28D.000 1.200.000 2.785.000 4.262 6,982 18 Financi¥l Instruments 2025 2024 Financial assets Ihat are debt in5trumertts 97.39S 70,740 Finoncial liatJ"Ifo"es 775,7 536.542 Financaal assets wasUred at•xeatsed cost C4YbyBe lees recervat4e. aCad inDJrne and other debtor Financa81 liabileS measured at arnortised Lwt ¢)yryJrise expense uedilrys. pensKffi c£fitribub"ons and expense accruaLs. 19 Related party transacli<>ns N P Kaye 1$ a twslee ofthe St Mary magderte Chur¢h. the St Mary magdale sotY whith ¢yganises an onnual serie5 of reota15 and at St Mary Magdalene Churth. Rowngion Close, Lie Venice, London W2. The Sthoc4 suprA>ts this programme and the Schods pupils, p3rents and slaff u5uJlly partitspate in ncerts a year th.ch are SUFPXted by Ihe dwriiat4e ctynpany but are abo open to the general PU1C. During the year the charrtable company intutted eXpendrtU of £41.61612024." £39.8631 and rewved eontributions ol £5.00)12024". £1,4) frrm the St Mary Magdalene mUC Scty2ety trAS this expuKlitwE. N P Kaye is a trustee oflhe A5ra Hwdii4t st Fund. Cknabons from Sussex House fvTrJraigng aetivities ounting to £5.19412024". É10.3121 made to the Asra Haw3riat Charrtab Fund. The balanee ol lunds for the Asra Hawariat Sthooi Inole 111 Te pJd to thanty on 31 &A¢Jber 2023. There no donations lo Ihe thartsble ¢oxpany from the Tntstees. 20 Limitation of liability The rnembers of the charilabk c(ryany guarantee to contribvte an OUnt not exceeding £5 to the assets of the tharitable c3)mpany In Ihe e¥enl of a inthng LV. Page 26
Su$$¢x House School Noles to the financial statements for the year ended 31 August 2025 21 Prior Period Adjusbnenl The Statement of Financial ActNthes and Cash Fkyw Statement ao restated prior year. The Statement of Financial ACtItiCS 15 fEStaied due tD the reda5$fiCati of r$aries Ircrn an exFendrture rtem to net of incornE. This has USed irKryne for 2024 to be £5.229.660. Cash Fkny Ststement is restaled thJe kn the reda5sfficaiK¥n ofrnovernent in the Fae5 in Advance stheme as financing activrty. This bas inllow frt*n finwThJ aCb¥itre5 to be E611.124. Page 27