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¢ a￿fj Wales) *AEY3FBY2* 1810312026 COUPANIES HOUSE #110 Sussex Hous• School Reference and administratlve detslls of the charilable company. its trustees and advisors Trnste•s JACr J M Elias J Gallant mAj￿hU1$ NPKaye RTG￿fjr 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 Ul￿r L ma￿der Indep•ndentauditor Moore ￿￿ng51c￿ Smrth LLP 4 Vthia Squ¥e St Abans Herrfordshi AL1 3TF Re9lstwed Office 68 Cadogan Squ Londc SW1X Web$61e 8ankeYs Barclays Bank pt Levd 27 1 Churthl Lc￿d0￿ E14 SHP Sussex Housè Sehool Contents Twstees, reF<¥i Independenl auditorfs reFKYt 7-10 Statement of fmancial actiwties linduding income and ext￿￿. ￿￿ accounti Balanet sheet 13 Cash 5tstemenl 14 Note5 to Ihe finanry￿ stalernents 15-27 Sussex House School Trustees, report for the year ended 31 August 2025 The trLtsree$ 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 C￿panIeS Act 2OJ6. toyellwwth audited finanryal ststements for Ihe year. and confirn that the latter comply the requIre￿￿nts ol the c￿PanIeS 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 Reccffi￿*nde{l Practice IA¢Lounb"n J and Reportng by chan1￿$) (the Charitw SORP- Se￿1￿1 Edthnl. ￿ report has be￿ prepared in ar£ordance 4%Tth Part 8 of the Charit*s A¢t2011. Releren¢e •nd •dmlnlstr•tive inlomi•tion Sussex House School Sthoofi is a registered challtsb￿ crffjpany fwnded in 1994. tharity number 10358C6 and company nurnbef 02884794. The ha￿1￿ ofthe members 1$ limited by guarantee to an amLwnt not ext￿dIng £5. The Sthool ha5 an official Church of EryJland affiliation undef the Desw￿3t￿ ofs￿￿Ls hawTrJ a Reli9ious Charaaer Ilndependent Schools) IEnglandl (￿r 2{￿. Stvuctuiei governance and rnanagemenl Govemin nt The ch3ritable company is gobemed by its rnem0rand￿ 3r*J artides ofassorlalton whiL* *re last amended On 10 Marth 1994. TTUStees The trustees. ￿0 a￿ abo dwe¢￿￿$ ofthe charrtable ccrnp*y, have held Off￿ forthe t*hol2 ofthe year unles5 othemse ststed. and to the date ofttw5 wrl are as foYKr*A.' 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 I￿oInted 25 No¥ember2025) Trustee a New trustees wll be appointed in accordanc* vilh the OfAsS(*￿ rollu￿ng lengihy c£n5ullathon and Congderaticffi by the exi5*ng Iw5te85 w&tho nwst be Sai￿ rtsarf•¥J tharelgl￿￿v. 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$t th￿ times a year to determine Ihe general pO￿¢Y of the Charitable c4mpany and review its overall management and control, for ¥knich they are *ally ¥e5porwt4e. When delerrnining plA￿e$, the trustees seek inwt from Ihe Board of &)verno￿ lknich also rr*ts al ￿8$1 th￿e b.mes a year. and 1$ coTr￿r￿ wilh the Nnning of Ihe school. The tlay4orfJay runniny of the Sch¢xl is *Jele9Oteonations **re made to the Asra Hawariat Se￿701 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 Ac*vibe$ Committee. whith comprBes parents of current pupik5 Schod stam. The Christma5 Fair and the SummerAuthon are the Thvo rnaiii events ezth yearwhith feature fundraising a￿￿tieS. TW events a￿ attended by pupds and their tsmil￿$, and donatsons are from persons wilh a fknnecbon to the Sthcd. Relationshi vAth the Local other o ani5a The Sthool Is a rnember of IAPS acts for the prcfflotion and rnaintert•n￿ olpreparatory sthcd 51andards generally. ns The School co￿pe￿te5 with thurthe5, IndU￿1￿j St SiTh?n Zdotes. Milner Street. and pupils are involved in events as part ofthe Music Soaety Prograrnme of SL Mary Magdalene Churth, Lthe Venice. The Sthool is also dosety involved with the Asrn Hawanat School to ofthe rnOn￿ ra*d frun Sthool frJndrti¥ng is donated eaeh year. Page 3 Suss•x Hous• S¢hool Trustees, report the year ended 31 August 2025 R￿le￿ of achio¥em•nts and PerfO￿anCe forth• year (Including publlc benefftl IconthrvJedl Music The School contributes io Ihe fiJnding of￿0 maiwe¥￿ts ofthe St Mary MagdJene Music Soaety based at Si Mary Magdalene Church, in whith the Sthool participate5. at a cost of £41.616 12024". £39,863). membe￿ ofthe public atteTh and form part ofthe Ch¢ns ¢>thestra in Ihese events Ihe lar9e audiert￿ conlain many members ofthe wbl wkno have no othw assocaalion ￿1h SLLssex Hwse. Sussex House takes part in various e%Ents at its local church. St Simon Zelotes, Mlner Street. SW3. The SCI￿1 ¢ontn"buted £3.00012024. £3.2551 towards the I￿￿eeP ol the The Schod has also maint•ined its strong link St Mary Magdalene Churth, Rowngton CIc6e, Lrfe Veni￿, The ASTr Hawafja l Addis Abzba Sussex House has estsblished a str￿9 link this s¢hoc4 in Addi$ AJ)aba. Asra Hw•Ydriat Sthty)l exL8ts to provide educalion fr¢ju5t over 1,tM)J ElhioF4an chId￿n vkno not Othe￿r8e 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 gerter￿s wiiroution from funds ra￿ed at the Chri5trna5 Fair 2023 was donated to the Asra Hawanat School Fund. The Trnstees have contiThRd to rewew the Sthcds adiwt*s indudir*J revenue and finanoal. hlman physical resour￿$ as part ot theirdube5 10 mtsiitor and ensu￿ Ihat Sthorfs ¢tharl￿b￿ 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 magda￿ne 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$￿￿e pupiL8 meet the SdK)rfs enlry reqU1￿mentS, or rjJ￿rAt wpils. and are ma(le solely on the ba￿5 of pa￿nts1 means or to harfship Ithere a pu￿1'S education and fvbjre prosFecis would otherwise be at Ask. In assessryJ means Ihe School lakes a number of factors into o)n$Trder*on 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 adVe￿e wnpac* on ts reputstion ofthe sd￿01. ¢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 effe￿￿eThe$S of the Syst￿ of inwnal rx)ntrds aNJ Otsr7￿abte mear6. indL#JirKJ cover wthe appropnate. Truslee Indemnity insur8r￿ Is in ptace. Page 4 Sussox Hous* Sch¢)ol Trustees. report for the year ended 31 August 2025 Financial revtew and results lorthe year The Schocl's exceeded expendiiure by £417.858 thE year12024.. £473.5891. refiecls the ongoing mana9en*nt of inc(me anLI ￿St5 vthoul oynprrrni5ing educabonal qualrty. The School T￿l¥e¢y inccrne of£5.644.165 12024. £5,187.5751 during Ihe year as a result olchargiThJ for luil￿Tr and related activffjes. This year. the Sthool re￿IVed donat￿￿$ to the Arts and spo￿ Fund of £69.46012024. £71.7161. Uorestnc*d 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 nun*er 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 nr*mal year, a total reserve level equivalent to one ierTn's custornary expenditure ￿Uld be a level the trustees ¥￿U￿j t￿nsider praclUb￿ and achievable M an orwjtyng basis lo cover Ihe custcffiary rtsks and Uncertain￿ of Lweratirwj as an irthpendenl educatiDnal eStabl￿hrn?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 fina￿al setsJrity forthe School during this period ofexcepti¢)nal uN￿rtaInty. Th? Reserves Poly remans sut*ct 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 $peoal dep￿ acctyJnL Depo￿ aco)um inte￿t01£67.774 I2￿24". £42,085) wa5 recei¥ed during Ihe year. Future plans We plan to rxeate an office on Ihe lop floor ofthe Hal. The Sthoc4's key obpcb¥es remoin to mainlain Ihe nLxnbef of pupL5 at Ihe present levd and to pursue the same objectives as re￿rted atrme for tr"s year. Page 5 Sussex Houso School Trustees, report lor lh• year ende¢J 31 Augusl 2025 stat•rt￿ oltNstee$' r•gprywlbblll*s In wt of lh• Unkn¢lal s¢ètsmeh The ￿&te&S are a150 dreuoG of Sussex Hr•A8 lor ￿ w￿585 ofcL¥rp8ny tswl ar8 fty oparing the knJ*ees' rewt finarfial s¢8t¢rTwts ￿(￿ •Wkab* [** ar#1 Uniled Kirydom G8n8rnWy Acceptod Accour￿n9 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￿, In￿￿1r￿j th• Income and exp8nthlwe, Cl￿￿1￿0 ¢unparw >wr. kn ryepa￿ firwKOd 5tst•ments. the Im5teas are re4ulrpd to.. observe tho Met1￿ and ptheAF*5 In the St*n•#ofReo>nnv*le(r PAL*ce 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 stalw￿5.. ￿1 weparE the fir4ThJal staiwneNs ￿ the gJ¥ig ¢LYum basis Un￿11 Li t¢+ presum tho ¢Wtsbf8 rnpany ￿￿lInue in rMarK1￿ po*lith) of Ihe cF4riiatAe C￿partY 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 b￿stee$ of the cl•*b* &ryyc￿rffjMsi1 so faros Is aware, Iher• is r¥J re*¥ani tha Ihe IN$18e has ¢ak8n gl the steps that to as a trust* in wder lo maka himsoLla*ar• of any (elevant audit inl¢jmw￿rt Io 8Stabfish th* the authty)r & **arE of thai inlormatlon. fegim?. Appmv¢d ty tho lostees or•J slgnthl thdr t4ha#by NPK2ye Headmasier Page 6 Independent auditovs report to the members of Sussex House School for the year ended 31 August 2025 Oplnlon We have audited the finanoa ststernents of Sussex H￿se SthorA lthe'tharl￿È4e company'l lor the year ended 31 August 2025 whith ¢ornpn$e the Statement ol Finanoal Acbvit*s. balan￿ Sheet Strt￿ent of Cash Flow5 and notes to the finanaal staternent5, mduding a SLThrnary of significant a￿ntIr0 poIKies. The fina￿al reportsng framework that has been apphed In their preparats¢￿ is awli(at4e law a￿1 Uniied Kingkni Aco)unb"ng Standards. induding Financial Reporbng Standarf 102 The Financial Rep￿ry StandanI8￿￿th 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 Oynpan￿5 affwr5 as al 31 Augusl 2025 arKI of ts inr4)mi resou￿$ and applicatson of resoUr￿s. induding ts in¢ome anL1 expenditure, for the year then ended., have been prc*)edy in armdance Unrted Ge￿Ialty Acc*ed Ac￿ntsn9 Practice, and have been wepared in accordarts *ilh the requiRn*rts ofthe Cryanie5 Att 2LK6. 8asls for oplnlo We conducted our audit in accordan￿ ¥Mth Intemabonal $￿Tr￿ards on Audthrg IUK)11SAs IUKII and applicabk law. Our responsibilit￿$ undef thi)5e stsndards a￿ further dexrrited in the thilorfs responstsil￿eS 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 bd*ve 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 tr￿stee5. use ofthe gow¥J 0)n￿ffl basi5 in the preparation of the financd ststement5 15 appropnate. Based on the ￿￿[ we have Ferfonned. have rtot ¥lenbW any MalE1￿ ￿n￿rta￿th$ to events or GoTrJitions that, inilivKlually or colle¢ts¥dy. may ￿$t ggnrfKant doubl on the enb"ty'5 ab.lity to cOrrt￿Ue as a g￿n9 Con￿rn for a period of at le35t rnonths frcrfn the date the financ*al *ments are authwsed for issue. C*Jr responsibil￿eS and the re5pon&t4'1iliesolthetrusteesvAh respeclto going ￿n¢effl a￿ described in the ￿levant sections of this reporL Olher infornia¥¢ The other infomaton c4Jrnprises the tnfonnation Induded In the annu31 ￿port other Ihan the financ481 statements arKI our auditorfs reportthereon. The tFUStees ￿ re$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)nsi*nt the finartial Statements or kno￿edge obtained In the COu￿e ofthe auditor othe￿Ise 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 rn6stat￿ent in the finanoal Statements thernsdves. If, based on Ihe pufonned. condude that there is a rnatenal ryw5Staternent of this Qlher Informa￿On. 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 tn￿tees. 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 $tgtements', 8Th1 the direciors. report induded *ithin the injstees. report has been p￿pared In acccffjdan￿ applicable legal requirements. Mattels on whieh ￿ ave requlwl to report by exceplion In the lighl of Ihe kn￿ledge and unde￿Ian￿1ng of Ihe chanfa>be ctsxparty •NJ rts environffent colw.ned in the cOu￿e of the awlit. ￿ have ryjt thntsf*d material m6Sta￿ts ￿ the trustees. report We have nothry to report in resped olll* folk￿.￿9 matters in rel•ts"on to thÈ CompaniesAct 20C6 requires to report tD you if, In our oprAon-. adequate attounting records have not been ke0. or retuwns adeou*eforoutaudrthave not been receNeLI from braftthes not wsited by us". the finanoal ststements are not in agreement *ith the aLwJnbng recc¥ds and reluffls," rtain di8closure5 of tru5tee5' remuneTrtion speofied by laware not maile.. or we ha¥e not recei¥ed all the in10￿ation and eyyanatWS ￿￿1r? for our aud￿, < the Irustees, V•ETe not entiled to tske •Yv3nl4e ofthe small ctynpanies. exempb'orts in weparing trnStees' report and from the ￿qUi￿lent to prepa￿ a str¥te9iC R¢$pon$ibllltles of Twu51oes A5 explained rn0￿ ftAly In trustees, responsi￿.1￿.es staterr*nt Ihe irustee5 (w￿ are a150 the dirECtor5 of the tharrtable company forthe puws ofojrnpany L￿) responst4e lor the p￿paral￿fi of Ihe finan(aal statements and for being satisfied that they gi¥e a true aThY fairMew. and frjr suth Internal contrc4 as the tntstees detennine L8 ne￿Ssary to enable the paralion of financaal staternents Ihat are Iree frun matena ￿¥ssta￿nl wthether or In preparing the finantil Sla￿er￿. the twstees are le¥￿ble for asS￿ng the charrtabl? company's abilrty lo continue as 8 going con￿m. disthsing, as applicat4e. mattw5 lo g¢yNJ c(Jncem and usiry So￿9 rJ)n¢em bag$ of ac£ounting unkn the trustees til￿r ￿￿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 rn1s5taleff￿t when rt exists. Misststements can arx from fraud orerror and a￿ cOr¢s￿e￿O 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. k1en￿fy and assw the rtsks ol material ￿M551at￿n￿I of the finan￿￿ 5t*rnerrts. Llue to fraud or wor. deggn and perforyn audrt wOcedU￿ responsive to IhosÈ n*s. obtain aL#Irt eviden￿ that i8 suffic*nt and appropriate to provide a basis for our opiniLm. The rtsk of not dete(*ing a material misstatement reSu￿r￿j 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 Ofexpre￿fig an 0￿1￿0￿ on Ihe effedi¥eness ofthe ¢haritsble c￿np￿y,s intemal ¢ontrrl. Evaluate the apFryriatenes5 of acrnu￿ng 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 Un￿rt&￿tY exists related to e¥ents or Cond￿OnS that may Ga5t significant dwbt on Ihe Gharitable company's ability to contsnue as a goiThJ ¢x￿￿rn. 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 a￿JitOrS Hwèver. ftrture events ¢y condiions May cause the tharitable cornpany to cease to continue as a going CO￿*M. 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 aCh￿ve$ 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, indudir*J frauil, a￿ instsft￿ of n￿￿n￿lance anLI wulations. We design pro￿￿U￿5 in line with our respon5rf0ilitie5, Outlined above, to detect mateiial rnisstatements in resFect of irregulanties. IT￿4￿11￿ 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 e￿den￿ regarding the assessed nsks of material misstatement due to fraud. thmugh d￿￿ling and InWements"ng appmwiate responses to th¢)se assessed rth., and to apprwriatety to instan￿5 offr3￿￿ OT 5U5peded thnb"f￿d during the audr(. However, the primary re$pons*ility for the prevenbon and detec11c￿ offraud rests wilh both ￿￿nagerr￿n1 those th•r9ed with governance of the tharitable ¢ompany. Our approach was as I￿10￿". We cètained an Undef5tsnd￿9 of the *al aTrJ ￿ulat￿Y rtquirEments aFwIcab￿ to Ihe chantab￿ company and )nsidered thatthe mst >Jnifi¢ant a￿the CC￿panIesA￿2[Ij8. the Charil*sAL#2011. Ihe Cttanty SORP. safeguarding le9islati¢n, GDPR and ern￿￿ent *iSlati￿. We obtained an understsndirq of the chantabk cLynpany sJyrylie5 these requirements by di$￿$s1On$ 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 ￿ rnan4e￿￿nt aThJ those tharged wrth 90vernan￿. We inqwred of managernent and those charged as to any kntyyn in5tance5 01 ncfi-c0rnplian￿ or su$pei#ed non-cornpl￿n¢e *ith law4 anLI ￿￿1?￿"￿$. 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 balan￿S 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$tances of nonojrnpliance wlh laws and regulations Ihal a￿ not dosely related to events aTrl transacbon5 reflected in the financial statements. A150. the risk of not (JeteL*ng a matenal mi$stalement LI￿ lo fraud higherthan the risk ol nol detecting one SU￿"n9 fr¢Jm error. as fraud may invthe delthrate 0)n￿aknent by. example, forgery or intenknal m￿rePreSentatIOns, or Ihrough colusion. Use ol owr report This report is made sddy io the tharitable ccffipany's w￿rnt•s. as a bc*Jy. 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￿ reQui￿1 to sts* 10 them ￿ an a￿jitc92.9011 255.TlO 4,252.544 4.508.314 11517,883) CreditOf5: ts11ing ¢kn on• Net tyr1￿1•s¥Èts 2.W).431 T¢Jtal a8s•ts less ￿￿4￿11•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 I1*li beh3llbr. NPKay• Twst¢¢ fvr¥<• IIK aT*zg 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¥il*s: Net In￿rne 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 In￿aSe I Ideueasel in cxedito Net cash provided by wrats.ng aclbmbes.. Cash flows frtvn in¥**lfjn4 actmtles: Inte￿$t Purchase of prowty. fiwnltv￿ and equyr*nt Net cash used in imiesting a￿￿1￿$". 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 fifi￿131 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 t￿efft entsty lirt￿ed byguaranlee and ￿￿o￿ated rn En9Lqnd and Wa*. The regtstered olfice is 68 Cadojan Square Lcfidon SW1X These fin￿C￿l sta*ments have i*en 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 Re￿￿￿￿￿￿ed F*xtitt." Accountirg and by Charitse$ preparin9 their ac£ounts in accordance vAth the Financial Reportry Stsnda(d aFVlira￿e in Ihe United ￿ryd0￿ and the Republic of Ireland IFRS 1021- Second E￿￿On aThl the FinanoJ ReportiThJ Standard athicab* in the Unrteil ￿"n9¢MI anJ the Republic ol Ireland IFRS 1021 ar*J Ccffjpan￿ Act 2c￿. The finanLial 5taternents a￿ prepared in 5terliTrJ, r8 the I￿￿1￿81 CU￿ncY otlhe thairtabbe eompany. m￿etary arn￿Trts in these finanua statements we lo the nea￿$1 £. In¢ome All inccffle is rec¢gnwl vthen the c*ant*k coryany is legally *rtdJed to the incorrÈ. when it is probable that the in¢ome be received and the arn￿J[￿ receN*k ran be mea¥ure(l %%ilh suffiGWrt ￿11￿"11ty. In￿)me rekwesents fees ¢*afged in re5ped of￿1￿0￿, rther rElatsJ adivit*s and ￿gistratiOn fees. Fees consist of charge5 Invcttd lor Ihe Sthod year endiThJ 31 August 2025 for tuthn and wtstraiim. Fees re￿iVed for e(lu￿ts"￿ to be in luty￿ years are deferrEd lo futu￿ pertsjs Tuffj'on lee incrme is invoKed and recognLsed at Ihe ofthe pe￿d 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 arnoL￿ts ¢Jmated to 5F*afic restrwthd fwK15 aTrJ unrestricted don*ions ah)n9 %%ith any tax refijnd retri¥ed under &ft InCorn￿g re%>uros atso ind￿leS Interest T￿l¥able and any gains in value of investmen Expendltu Al expenditu￿ lindud￿9 Irre¢over*e VATI 15 rEcc•3ni5ed vk*n a lia￿l￿tr 1$ In￿rIed arKI ha5 been dassified Under Ihat a99re98le al costs ￿lated to Ihe ￿legory. Chan￿e aCtiV￿e5 Costs Con¥5￿ all OFer*ing expeTr4th ￿rjJrTed to enabk the tharita>le company to lulfil its tharitabk awns. These indude both Costs that cw be alkx*ed directty. antj those ofan natu￿ whith a ￿e￿sSary to SOJFPOrt ¢*aritsbk activitw. Costs ofgeneraiiry fvTrJ5 we Ihose ￿rAt￿ed in att1X￿￿9 ¥0￿￿tary donath?n& Page IS Su55ex HOU￿ Sch¢)ol Notes to the financial statements for the year ended 31 August 2025 Aceountww poli¢iM (cmtin￿d1 TangllAe flxed assets TanglAe fixed assets oxting £300 or we ca￿￿11￿e& Depreuthn is provxled on tangitr4e fixed a55eis at rates (2kiJlaled to wnte off the ￿$1 0rv3luatK￿. kn est￿ated of exh asset eventy over ils expeded Use[￿ life. 35 foMtr*s. Freehold buildir¥J$ Lèasehold property ryrov￿nts 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 [leb1￿5 ￿￿31t01￿. Fin3naal instruments are inrfwlly rneasU￿ at *lue. TPey are assessed at ihe end ofeach reF4)rting period for ofy'ective eV￿nCe 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 ￿￿[Kla￿de against final tenn's fees are treated as a bJrpJ tern lla￿.11ty ex￿p1 io the extent that Ihey are due to be repaid *ithin year of11* bala￿e #*et date in case they a￿ re¢wded as a liability. Forfeited deposits we t*en 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 Athlin￿tratOr. The Stheme is a mdI￿emplOYer pens*)n s¢heme and it Is not possible to ￿en￿fy 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 $Ch￿e and cor4th'buts'(w are accounted for when advised as due by the Scheme Aémini8tralor. Contnijulions to NEST Pen￿on Stherne are at Ihe le¥et reqUI￿d 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 Stra￿ht 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 In￿rred 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 ￿5t￿led lund unil t¥1￿ as Ihal asset fulty depreaated. Unresiricted fvnds Un￿$th¢￿ funds cmipnse aCCLmulaied ¥J￿V$e$ arwj and a￿ avalable fr*use at the discrelion of the trustees in ftIrtheran￿ ofthe general 04"ectr￿S of thanlable i**npafty. Judgernents The p￿par￿on ofthe staterr*nts rEqUirts the Trustees to make judgements, e5timate5 and a55￿PtionS 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 arno￿t$ recognised in the financial statem￿1$. B•d Debt Pyovhlon The recognrtion ofa bad debt provisTh a key area of judger￿1 as il delermw*s the ￿QU￿t consklered recoverable ofthe sthool's fee debtors reCCw￿ed in the fin￿81 ststemenls. The estimaty'on techniques used for bad debt ￿￿lTeS Ihe trustees to assess whetherdebts a￿ likely to be recove￿ wknith requi￿ assess￿nts I￿nts tr) be made on hi8torical payment pattems and tharvjes in econcfflic siluations. Golng ¢on¢em The tNsiee$ a￿ I￿t ofany m*rial wKertaintie5 reg*dirg 90ing c￿￿rn. Income Incune represents fees th8rgesY in respeL* oftuthn. otw aui¥ibes and regi5trdtion fees. lknations include those amounts donated to 5Feofi¢ ￿$1￿cted funds ané unrestricted Ilonab'ons along *ith any tsx refund received underGift AKI. Incwning resour￿ ir￿ude$ 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)gr￿sed at the slart of th2 pentsj 10 it rdates. Charges for other ￿￿￿ted act￿￿"e9 are We¢ in ar￿0[5 and recognised as iJ*cffjt n the pwrod to *fv"L* they rela*. Incl￿ frorn regL8tration rees and donations are reeL*Jnised 7•then rec*i&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 F￿*1 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 rem￿rntic - 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 he*Jmaster ar•J his wunerab.on under hi$ ￿ntra￿ of employment as Headmaster lexdudin9 pension contrlJuth?nsl l1K4￿￿1ng 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 SeTh￿s the )tar12024". £nill. No trustee received any ￿lM￿Ar$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 Ot￿r officer5 agan5t Ihe consequen￿$ ol any neglect or defaum on th*r part at a cost of E284 12024.. £2271. Idl Support Costs 2025 2024 Wages afvj salaries Compuier ojsts Insurance Inon*uiklingsl 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 I￿￿er 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 stat￿nI of FinJwl Afxivths. The average m¢)ntl¥ly number ofwryloyees dunry the yearwas as fdknb%". 2025 2025 FTE 2024 2024 Teaf*ing staff Admini$traty'on 41 13 37 47 42 Ex4Jrnbo payments tot4lir*J £Na12024". £9,C(JOI *Ere paxl to #aff *a¥in9 dunfw the year. The t(*al ofkey marwent personnd corn￿Sa￿[￿ 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 eX￿ded £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 th￿fore 1$ nol hable lo In￿ft* tax or cryp￿a￿.0n tsx or Income or gains denved Irom ts ¢harilatAe as they lall the various exemtyons aVaila￿e to registe￿ charibes. Tangible fixed assèts Leasehobj and ￿ik￿1ngs 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 DEP￿cl¥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 o*T*d a￿ used for diiECI chaniable wpose* The book Value offreehok1 land aTrJ bu￿J￿95 is based on a ¥a￿all￿ by Gernhj Eve, Chartered Surveyors on Novtynber 26. 1999 at open market vaue in accordan￿ The Royal Instrtulion ofchartered Su￿y￿S. 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$8 School Notes to the financial statements for the year ended 31 Augu512025 Tangible fixed assets (continued The historul cost ol freehokl land and buib*"ngs ￿d￿ded at*)ve at a valual*)n of £958,34212024." £950,827) vas £7C6,82012024.. £699.3051 and Ihe aggwate (Weoatiw thereon %wukJ be £329.30212024.. £323.8261. gt•d inv•strn•nts The tharitabk ccrnpany hold5 372 shares In Lloyd5 knkn.ng Gr￿P plc12024.. 372 shares) is recorded at rts market value of £124 on Au9USt 31. 2￿25[a)24." £1241. D•btorn 2025 2024 Fees re￿i¥l￿e P￿payrnents and accfued her debtors 97.395 260,991 3,360 351,736 70.740 183,491 1,539 255,770 Crodltors: amounts falllng du• one year 2026 2024 Deptssrts refiJr¥Jat4e orE year Payments ferstheol fees ￿ceNe￿ in advan Expen$e ue¢rtors Taxation and sorial s￿rity 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 Sf*ool fees r*xived 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 pre￿ding summer holKJay Feri¢d. It also indudes Cash r￿1ved under FLA sCh￿e 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 depO￿ts 310,51XI 304.rAyJ 12 Restricted fund5 The inctyne ftjnds olthe Sth¢xd inthde resti1￿ lunds curpri5ir*J the folk*bi"ng b8￿nces.. Capital Expendrture Arfs and Hawanat hjnd Sporfs fvnd Sc*Kd fuThJ and Theatre Tethnokgy Fur BU￿ary Fun Total At 1 September 2024 IncL*nin9 ￿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 $07,209 Page 22 Sussex House School Notes to the financlal statements for the year ended 31 August 2025 12 Restricted iunds (C￿tinUed) Ca￿1 Asra Expenditu Arts arKI Hzwanal hjnd Sports fi￿￿ Schoc4 fuTrJ g¢an Theat fijw Te¢hnok#3y Fund 8ufsary Fund Total Al 1 Septernber 2023 In￿rnIng ￿SOUrCes.. Donations rEceNed 21.877 554.015 10.932 2.255 20.LKI) 613,744 71,716 71,718 Resour￿9 expended.. Capitsl experxlitu Depreoation Schoc4 actlwt￿S Asra Hawariat School Transfe 119.3121 119.3121 112.6241 110,3121 112.6241 110.3121 At 31 August 2024 2.565 613.107 620 4,665 2,255 20.LV) 643,212 The Capital Expen¢*'ture Funi1 ￿Presents ￿n￿nts used to purthase fixed assets for ihe S¢hool. frorn lunts raised speofically for Such a purpose, and also the annual depwiatKJn ¢harye each yeaT on those z&sets. The Arts and Sports Fund has been used pa￿Y to fixed assets tn Ihe p35t but is also to maintsin and devdop the S¢hool's crealive, mu*cal, theatrKal and sporting ac*vths. wilh the maJt¥ty of ts fund5 being 9enerated by the School's Chrislmas Fair and &Jmmer Au¢br￿. lo acb¥ely sed( a candidate TrAthose arcumstsn￿s meet the speofic condib"on5 of the Bursary Fund gilL P4Jrsane5 fijnd provides finwcial supptyl forboys 7Atsre rt is r*eded after a fiJll assessw*nt ol ihe f￿llY financial f¢umstar￿tt. Further rnu%c and drama resour￿ *ill be lunde(l Ihe I1￿"¢ *)d fvatre Fwd, and inprovernenls to our ICT provtsi(x) eonbnue. Technology fund 15 ￿$dUal frJnd5 U5•J to SUFPXt sdth inveslrnent in tsthnob9y for education The Sc1￿Cl 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 dep￿tsatIOn leased to ts S￿lement Offinan0￿ adiwtie The ￿m￿nIng unrtstrided rEsource5 arise principaly frrm the Sthoofs day404ay operations. Page 23 Su$sex HI￿$0 S¢hool Notes to the financial statements for the year ensjed 31 August 202S 14 Analysis of net assets btrt*en fimd$ The fuftd balances at 31 Augu$t 2025 a￿ represented by.. Tot•1 RestrKted Unrestricted funds hjnds funds 25 2024 2024 Total funds 2024 fvn funds 2025 FrAed assets 611,876 611.076 807.209 4.40&503 5.011.B68 11.592,901) 11.592,9011 2,565 640.647 625.017 627.582 3,867.667 4.508,314 11,517.8831 11,517,883) Cutreni assets Current labil￿eS Debt0￿ Amounts thje after one year Creditor5. Ajnounts tsllry due after one year Totsl net assets 192.500 192WO 192,500 192,500 1310.5001 3.305.632 1310.500} 3.912.841 1310.5001 2.856.801 1310.5001 3.500.013 607.209 643,212 RevalUat￿n ￿se￿e at 31 August 2025 is made up ot. Restrtcted Unvestiicted funds lunds 2025 2025 Total lunds 2025 Re5trKled Unrestricted fiJnd5 fund5 2024 2024 Total funds 2024 At 1 Septernber Realised in the year At 31 August 142.£74 15.0301 137.fj44 142.674 15,0301 137.W 147,704 IS.0301 142,674 147.704 15,0301 142.674 1S Pensions Teaehers, Pemlons The School pa￿tipate9 m the Tea(*ers' Pengon Stheme (Eryla￿l anLI Wa*sl rthe TPS") for its leaching stsff. The pension thar9e lor the year indudes contritArtions payable to the TPS of £452.57012024.. £347,929) and at the year end £47.74212024." £46,264) vrds accn*d in respeca Df contribubofts to this sthme. A150 induded in pension charges fur the year ￿as t7.739 in resped of ￿ntributi(￿ to APnS per6irm sthme. The TPS is an uFrfuTrJed mu￿.-eM￿e1 defined benefts pensth Sche￿ govemed by the Teathws, Pensions Regulatsons 2010 las amended) and Ihe Teachers. Pwon Scheme Regulabons 2014 la$ amended). Membe eontribute on a-pay a$ you go. bags *ilh contributs'cffis rwters ané the ￿n￿￿yer 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 Valua￿r6 undertaken by Ihe Page 24 Sussex House School Notes to the financial statements lor the year ended 31 August 2025 15 Pensions (continued) Teachw¥' p￿￿10n$ I¢￿tin(￿dI Government Aduary'5 Departrnent. The most rE￿￿t actuartal Trrd1uat￿)n ofthe TPS w8S P￿pared at 31 March 20?0 ano the Valuavon Reportwas wNtshed in Ocicthr 2023. F0nC￿lng the Mccknud judgernert Ihe r￿)edY proposed was Ihat 4then teneffts beo)rne payab￿, eligible Members can seknl to re¢eive thern frryn eitt*r the reformed or lega￿ srthes forthe penod 1 April 2015 to 31 Marth 21Y22. The ha¥e asgjmed Ihat Th￿rn￿er$ a￿ likety to thoose the opt￿n Ihat prowde$ them with the 9￿ater benefils. ¥rKI in wepaM9 the 2020 valuab.on h￿e valwd th?'weater value, benefft5 forgrouF6 DI re￿Vant 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% 9￿1r￿j 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. Af￿r￿￿g1y. it has tsken ad*ant•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$lons Pension Contr￿U￿"0￿$ *e *0 p•d ￿ a thIts*Art¢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 Inder￿de￿IlY 3drTh"n15tered fvrKI5. AJI pens￿￿ contrilxjb.on c¢￿* are recoln￿ in the ststement offinanoal a¢b￿be9 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 Cc￿trac￿ed for t*rt not WDvthd in Ihe fin￿CHI staterrents amounbng to £nil12024.. £nill. Page 25 Su$$ex H¢u$e School Notes to the financial statements for the year ended 31 August 2025 17 Ixher financlal commitments The fuiure rninimurn kase pa￿nts due to the ofU* rde¥ant kases we as Plant aft Equipment 2026 Pjant and Equipment 2024 Lond and buildings 2026 Land and buildings 2024 OFerab'n9 leases payments due.. thin one year Berween 2 and 5 yea aterthan 5 years 1M76 2J86 2.220 4.762 337,063 1,281,540 880,000 1498,603 305.C#JO 1.28D.000 1.200.000 2.785.000 4.262 6,982 18 Financi¥l Instruments 2025 2024 Financial assets Ihat are debt in5trumertts 97.39S 70,740 Finoncial liatJ"Ifo"es 775,7 536.542 Financaal assets w￿asUred at•xeatsed cost C4YbyBe lees recervat4e. aCa￿d inDJrne and other debtor Financa81 liabil￿eS measured at arnortised Lwt ¢)yryJrise expense uedilrys. pensKffi c£fitribub"ons and expense accruaLs. 19 Related party transacli<>ns N P Kaye 1$ a twslee ofthe St Mary magd￿erte Chur¢h. the St Mary magdale￿ so￿tY whith ¢yganises an onnual serie5 of reota15 and at St Mary Magdalene Churth. Rowngion Close, Li￿e Venice, London W2. The Sthoc4 suprA>ts this programme and the Schods pupils, p3rents and slaff u5uJlly partitspate in ncerts a year th.ch are SUFPXted by Ihe dwriiat4e ctynpany but are abo open to the general PU￿1C. During the year the charrtable company intutted eXpendrtU￿ of £41.61612024." £39.8631 and rewved eontributions ol £5.00)12024". £1,4￿) frrm the St Mary Magdalene mU￿C Scty2ety tr**A￿S this expuKlitwE. N P Kaye is a trustee oflhe A5ra Hwdii4t st￿ Fund. Cknabons from Sussex House fvTrJraigng aetivities ounting to £5.19412024". É10.3121 made to the Asra Haw3riat Charrtab￿ Fund. The balanee ol lunds for the Asra Hawariat Sthooi Inole 111 ￿Te pJd to thanty on 31 &A¢Jber 2023. There no donations lo Ihe thartsble ¢oxpany from the Tntstees. 20 Limitation of liability The rnembers of the charilabk c(ryany guarantee to contribvte an ￿OUnt not exceeding £5 to the assets of the tharitable c3)mpany In Ihe e¥enl of a *inthng LV. Page 26 Su$$¢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 ACtI￿tiCS 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