Company Regi5tRtlon No. 3411518 IEnElar)El and Wales) Charity feEistratisM No: 1063738 SINCE 1920 INfPENDE&e st John's School, Northwood {A company Ilmited by guarantee and not havlng a share capltal) Report and flnancial statement5 For the year ended 31" August 2025 Stjohn's School Northwfy)d IA comp3n¥ limited by guarantee and not havi￿ 3 share capitsl ontent5 PaEes GovernDf5 and company informatio Governors, ioport 3-12 IndeperbdLJnt audirors, repoii 13-16 Slaienient of financial activicles 17 8alancE slipei 18 Statement of cash IIow5 19 AccounliiTr¥ policies 20-23 Notes t41 the acr.ounts 24-35 st John'5 School N4rthwtr)d IA company limited by inled from limp to tlme by Ordinarv Resoluiion of tlie Company Qf by r￿lICe in writing lo Ihe Comgany Sigiied bw a major ity of the Mombers of the Company. All new governors are given a copy of the Arilclos Df A5socia¢ion, a iour of. Ihe School and a Trustees, Induclion pack outlini n8 tf usiees. responsibiliiie5 All Govèrnors htive also been Pfovided wiEh handbook- "Goveinors. GLSidelints" obtained fTom Ilie ASSOC￿tioft of Goverrkinz Bodies of Indeperbdeni Scliools IAG BISI- OrEènlsatlonal Man)8efflertt The 5t John's 5choDI Governofs, as trustees of the Charity. are leually reswnsible for the overall conduci and coniyol of Iho School. The work ol tYK>nitorin8 financial perf¢rmance is carried out by member5 of ihe FinarLce & General Purpose5 Sub Commiiiee. i¥ho Ineet rbfee tifties a year where ihe 3uditetS acccu nis are reviewed prior to belng approved by ihe GDvernDrs. The Finance & General Purp05eS Sub Committee works under the chairmanship ol Mr P 8uré in. rhe day-to-day managemenl of the School 15 dele8ated to ihe eadmasier. assisted by the 6uf$8r and Ihe full Senior Leadership Team. The Senior Leaolerslilp Teoffl omprised the P051tioris of= Headmaster. Bursar, Deputy Heèds IPastoral èrid Acadernicl. lower scIK)oI Head. Group Structure relationships Tlie rchani Taylors. CDmphny, a City of London kn'very Company, is 11)e l¢indlofd of the properl'y from which 5t John's Sthool operates. Tlie Company has a number of charitie5 that li suPPO(15 includirt8 the Merchant Taylors, Educaliorlal Tru51 IMr￿>. St John'sS¢hool Northwood (A c¢mpany limited by Evèrar)tcÈ not havirvé • share capitall Govefnois. lÉport Icontinuedl Tlie T*Lrstee5 of MTFT are Lhe members of Sr John's SchDoI Northwood have ￿riaIn rlghts c.omF)? Ihw, including the f iEhl 10 appoint and dismiss Ihe governing body. ey hold this role iii iheir persgnal caphcily.. Ihe Tf Usteos of Merchaiit Tawors Educ81ioftbl Trust have taken le881 aLIvicL> to confi'rm Ihot the Tru5r 15 1101 the controlling pany of the School. The Sclv)ol operates indepefidenily of thtr Trust rid IliL> Compaw but Conlinues to enjoy their Support 5t John's School Nortknvmod 15 coiineclEd through common interests io Merchani Taylors, School. rhe Iw sch(bols work togotlier on a number of mutualty bpneficial projects. Merchant Taylors, Sihool are 4 company Iirnited by 8uarantee and a Sf parèie registered charrlv. The Merchant Taylofs, Schwl charity can be contacted a I Sartdy Lod£e, Northwood, Middlesex, MA6 2HT. RFsk Manasement A Governance, Risk aFid Rentsmeraiion Sub Comn)iiiee, chèirod by ihe Chair of Goveinors, meets twice vèarly io revlew* rhe Risk RegSsler and allocaic. responsibilities. Tho mea5ufLbment of a f isk is unijertaken by calculating a Flisk Factor deii¥ed l(orn likelihoad of ihe risk occurcing and its likety impacl. rhe Scliool has developecl systems to monitor and control these risk$ 3ncl to milieate any Impacr ¢Fioi thoy may have on l*e School'5 fUt￿re. Dufing Il)e yLJr Ihe govefnor5 hève. focuSL•d on key risks irfluding the loss of busines5 rate relief and cisks associ•tL,d ivith the Smposition of VATon School fees arid thp ieduciion ifi PuPIl n+umbers fro1￿ ihe transition to 3 School iyh Icli will finish at yeai 6 by ?.026127. A woikinR group has be establtslieLI lo wcrk on kev elements ef thÈ sihoo15 Stl8ieuy. Key ¢ontrol$ v5¢d by tht khool itKlud¢: lormal agendas and miftLktts rec.orded for ail Sub Committee and Boafd meetin8S CC*mpreheiis?ve plannlng. bud8elitl8 and managemeni 3ccountin& rp.onitorill8 OF ca511-1￿1¥ foimal wrillen policies obthiiiins independent advi)a rd￿￿ or d3y school or schools for the education of Lhildrefi or vounR Rersons,. In planninE SchDoI acti¥itie5 lor Ihe yeèr to meel St John's tliaritable objectives, tliib GDvernoTS have complie.d Writli their duiies in Section ¢ of tho Charities A<1 2011 arHI have ¢on5idered the Charity Cofftmi5sion'5 general guidance on public benefit. Aims and intended Impxt The St john's SLhool's aim 15 to benefit Ihe public by providin8 a fir5t-class educatioft independent of Ihe St3le system. St lohii's provide5 this educalLQn In è Ciwilised enviionment and value5 breadih olachievernefit as n)uch as suc¢ess at the highesi levol. Of greatest importance ts that boys grow io be •r￿ependent ènd Iiee.thinking members of a diverse community and th31, as they progro55 through the School. they dpvelop coiifidence, the esseniial skills for life at sÈiiior.4chool and a s@t of ￿sitIVe Jn(i morally secure values that will Fjrovide a base from which to rnee¢ Il)e challLJnges of 3 changing Wof Id. St John's 5¢hool Northwood IA company limited by guarafttee ar*d not ￿vIng a share ¢apitall Govtfnoys, report Icontinuedl St john's intends that pupi15 at Ilie School afe happy. considerate ol the needs of oth&rs feel that the¥ are reco8nised as important and uniqve members Df an exiepiional organisazion. Sl luhn's provide5 an environment where each Piipil can develop and fulfil h15 poieniial. Pupils are supported 3nd pncourased, Ilirouih the provision of the hislie5t quality of ac8demK (uilion, involvement In a wide-ran6iri8 Spctts, music81 and co-cu¥ricular proBramme. an(1 ilie development of their tiiiisiic and social skills 10 meel this objeciive, St John's welcomes pupils frorn all backgrounds and adfflittance is based Dn aTh assesgnent of whoihe( the 5cl)Dtsl will be able to educate and develop ? pupil to Ihe best ol his potential ar￿ io a standard similar io that of Iiis peers. An indlviduals economic Status. ethniclly. race. reli8ion or disabllity does noi fprm part of tlie assessment proce55. Obltctlves lor the 2024-Z025 Year lffl ihe financlal year under feview rhe focus h85 betn: To colltinue ouf focus on excelleiii pasioral care and ptspil lead initiarives. ulld on curriLuliim ch0￿eS. ¥epor(ing chartges and nther slructuf al change5 over the last 12 monihs os wp transition lowd rds a school foi pupi15 from Nursery 10 yeay 6. To extend and develDP the quality of ieachrrtg and leain¢n8 across the school with a key focus on I l* preparation. f.urther reflne and develop the pro8ramme of Contiiiuous Piofe55ional Ocvelopment fof 311 staff. RL•spond dyftamically io marker forces. Idenl¢fying steps io mitigate the potefliial impact of the Imposition ol VAT on pugil numbers. To build on the exteftslve co.cUrric￿laf pro8fiim me and ould()Qf leaming oppoitunities for puplls, ensufif•8 a diverse and intei¢stin8 raiige ol option) continue to be dplivered. OblectiveJ for thè forth¢ornini year12025 - 1026) To llltroduce and embed the St John's Lanlvage OP Learnin8 across tthe School to providè 8 frarrtewark lo promotE* S(honl values and lTrfe-lortE learnin8 altlibutes in children. To fLtrther refine siaff Professional Development to support enhancements 10 roll.specllic ski115 and teaching pedaBogy Yo refine a Thd enhance Ouf conimui)Ication in order to celebrate, Support and en8ase wilh our corn munity, with a Panicular focus on parents To further enhat)ce children's opportunities fof play 8nd outdoor lèaf nin8 To furllier develep Disital Le3rr4in8 l¢ftcludin8 All aCTO55 all areas of ihe School To decide and pro8re55 or¥ Slf3teEiC opportunittes SttateEies to arhlevé objectives lor 20Z5-20Z6 St john's strèleBY aims to achieve the highest dcademic standaids and cultNate the weil.reunded developrNen¢ of all childfen. The School will Promote our kn2ngua8e of Loafning values thrDu&boLFt the School. f¢xusinB on oiiÈ aspect each half term through assemblie& lesson-focussed activities and pvpil reflection oppoiiunilies. A iailorod programnie of weekly insets ivill Supplement Who￿-s(hO01 training day5. further erbhartcements to our exislin8 profe55iOF)al deyelopniont fr8mewoTk will enable leathers to coniinue to devèlop thetr own pr4ctice artd conlidently omploy new too15 leg All aThd pedagogical aPPToaches. PaEe S 5t John's S¢hod Northwood IA c¢mp4ny limrted by gLA?fantoe èTxI not h8vÉng a share ￿PitalI Goveciiors, rQpOrt {GOntirb￿ed) St john's will intrnduce a neiv iveb5Tte for Pfospettive p3ren15. aiid will update our pafeni oorial so as to provide grei*ier ILJnclionality amé ease ol use. t he Scliool will review and eiilianco our provision fof p4reiiial illforination evenis and bDth logistic?131KI tndivid ualised communication across all years. In order IO furihor Support children's wc.Ilbein& broader leaining and cl)aiaciet devcloprnent, Sl Jol)n's Will @xplore a rajige ol additiona I play-based learning opry)rliiiiitics. The School will devtrk)p and extpnd our orJldc*Dr learning provision atros5 311 years IlirouEh taL>ghi les￿nS orid break lime &ClTvitlES, Utilising our ftia8nifiCQnl woodland arebs and outdoor learnin8 hub. Tlie s¢hool ha5 est3blished d Digital fechnow fiamewolk for iea¢liinB and le)rninB, and in co.cuf rirula r OPPOf ILllllties, which promole a80-appropria￿ are deli8hred wirl) their efforts bnd their excepiionèl outcomes. Other khi¢vement5 and notable events: Si lohTh' s is prou(J io celebtaie the Progress of PUPbls and some wondefful 8chiovemer*iS thrcughoui th£ (Ovfse of the year. despite ¢he Pfessure5 and operational adjustments necessilated by the imposillon ol VAT on Independent school fees In J4nvary 2025. The selecied highlighis below rellect the diverse opwftunitits and eApprience5 Ihal have shaped our children Inro confideDI. capable individuals, The School has continuÈ8 In place strong emphasis on providinB an exceptional cufrfculum and ieacliiiig and learning experiort¢e for the childre.n. We have successfulty brou8ht in new scl)emes of work In Some areas Ilor example in Malh5, In the Pre-prpp, Iii ordef to Introduce 8reater mastery and ¢hallen8el. We reviewed d11 schtmes of v40rk acro55 the school lo ensvre coniinvily between year gfOUPS aiid appropriate proEression, challenglng cach child at an age-appropriate lève.l to be thci very best they can. Academic leadèrs have 8150 developed Lfoss-curricular units of work,. ancl we continue our focus on h8ndwrltlrb8. personal organisaiion and confident oracy which St john's boys Jre renowned for. Older ¢hlld(¢n conlifjue to enjoy our enlianced currSculvm which coveis life-skills and learriing opportunltlès iii additlon lQ conventional cvfriculum subjects. They have continued with our bespoke version of" the Independent Project Qvalifttaiiofi IIPQI. which a150 ofofrWte5 boys. independent thinking ?nd research ski Ils, and (heir time n)anagement and presentatiot) skills. We have contSnupd to locus orn excelknt pastoral c4re acros5 Ihe S¢liool. Experienced staff have been appoii)ted as Middle Leaders. overseeing each sectioffl of St john's. The Scl)Dol has fefiiipd our monitDfing nii reponlrh8 SVStems. Including fo r online Of digital communicarion. Siaff li3i5e weekty and commuF)icate appropriate details ift order lo best SUPPOfi èn¥ i$5ues which arlse. We have algo had 8 particular focu5 on bullying, duri ng Ibis acèdemit year. willi visiling speakers, ?ssemblies lossons focused ort recognislng issue& supporring oihers ané stren6ihening our Comm￿￿al valves. St john's has a weil-developed peer mentoring progiammÈ. where older chiidreft are pa rtntred with younEer boy5 to encoura8e intefaciion and frienL15hipS across yÈaf groups and foster mutual respect and approoriate Social int&raclion. Pupil voice i¢mains central. will) the School Council providinB rÈ8ular feedbacL and older boys takiiiE on responsibilities and leading in assembliQS Ifor example, on sustolnabilily, ielgious festivals of 8ustThess Entorprfse initialives). Children have benefitt￿d Irom a rar)8e of learning opportunilies in our wonderful outdooi onvironment. Stdff lead sessions on teader5hip. teamwork and probltm-501ving irn our nesvly cpened o¥JtdoDT leafnlrE hub 1'NatU￿.5 Classroom'l in addition to Ll5ing our 8round5, forest afe35 and tree house for selocied acadeffl i c1as5oS. SEN Support 8fOUP5 or House arttvities. older children have enpy¢d camping on our ground% and have also learnt CarllP¢faft and QLKdoor 5urvNal skills. P¥É2 7 5t John'5 School Noiihwood IA company lithited by guarantee and not havin£ a share c3wtal Goyèrnor$' roport (continut61 rhe School has conlinued to refine an¢ develop Ou( CO<￿￿(LI1ar programme, W￿lich l)85 b(4cn 5iKnificantly ernliJntod across all years over tlio last 18 inonths, We are pleased 10 Lontinue io offer pupil.5 such a rich and engaErnÈ co-curriculiir expefience sn mdsi(. dramd, desigh tech rTrology. movie )ppreciatioft, debarin8, Lego, che55. computin£ I iodinB, drt, deb81ift& sporl. and in academic areas, amoiig5t many others. Numerous Flouse comi)eiilions. quizzes and challen8es Loniinve to engage arnd challedge cliiktren. Examples" include History. General and Stience Qviz Club entry, public speakin& anistit, photngrapl)¥ an de5iEn. A le8m of six bois relaineé Ilie tfopliy liorn the annuèl Mefchfini Taylors. Schools Company cornpeiition. Ou( winner.s i¥ere invited to an afternoon ai the Hall, Ita rniiig aboui the history. IneetinE senior fi8ures and doinB a Pfèctical 3Cltvity. Older children enloyed careers pre5eniaiiofis with parer)ial 5peakefS from vaiious Industries and careers, explaining why they are P8SSionale about Iheircliosen careers and the 51reth8ths iequired to succeed in their f*ld. Childrtsn enjoyed numerous iesidential If ips ènd diverse opporTunitie5 10 learn off.slte. These Inclcided outw Jrd èounds eKiieriences on triijs with PGL. io Wliitemoor Lakes 01 to St DilY4tf's.' a laiiKuaF.e and cultura I trip 10 NoTffl47ndy. Cros5.curr¢(u18r vi51t5 to Verulanivni or10 Cookhain. field day resparch in the Nevj ForÉ*51, Victorian cxperienLtr days, and forensic scie.nce workshops iyere. eiiioyable oppoftunilie5. Many ¢li¢ldren vL?nl on a Classics trip 10 50ulliern liafv. Highli&litt of their adventufe ¥vero Visits 10 Ponipel and srcular)eurTI, a walk Vesuvius. arirl 3 viyt to (he island ol Capii by boal. For our yDiin8Lir learners. vislis to ZOO.5. a pirate day. and a trip tc Ihe Pbnto were also hiGI)116hts. Spoits c?1 Sl. John's Colitinued to ihrivQ ihis yedf: Wlth success boil) ii) ierms of inclvSiYe learnlrtg aftd L•lite perlurrDance. Pup41s compete.d iri Pfomineni re8ional evehis such as tho Strikers Cup Ihockeyl ané thL> St john's 8eaiirtiont and Cal4 Icoit Sevgns {rugbyl, as svell Ds at naiional IEvel in Ihe prestigio us Rosslyn Park Seveiis lor both our Ul144nd U13 leoms. Oui A rebrns performed strongty across all inajoi sports, ificliidi118 Èooiball. where our Ul I team reaclied ihe re8:or¥al sen)l-fi¢)Jls. and crlcl¢ei which no13ble Ind¢virJual and ieam peifofmancos againsi hi8h-callbie oppositioft. PprforTninB arls ai Si. John's bas 0150 Continued lo floufish. Ivith nymerou5 mu￿¢8[ concerts seienadift8 parents ènd gLiestg. PeTfoiman¢es at Arts E.vefjin8 and Svrnrner CA)iicert. at our Livery Conipèny in ilie Cily of London, at Mercharit Taylors School. or In ihe Young Voices r.oncefl at Wen)bley wore large scale reminders OF the efloft and daily practice of so nuilv musrciai)s at St John's. Youn8er musieitins eiijoyed crjllaborating and oe¢lorming willi 8ir15 from Nortttwood Colloge. Across Ihe school, more tl)a n 213rds of pupi15 who aro eligible to leom play ali ih5trumeni ta ke up tlie upportuniiy. Wil are dellEI)ied that all pupils passod thelf ABRSM exams. willi an impressivè number of merits aftd distinrtions. OppDrtuniiies io porforin on st38e lacross all year groups from N uf5ery to Yea[ 815howcased the talent and hard work of the childron afid s1?ff. PartFculèr highli8ht5 included our 5urnrner production of 'BugsV. Harvest Festival perftrrmances, effld pre-Chri5tmas show5 wliere our ¥ounEer porforrxers showed Iheir confideiicL> and poise_ Following new government reBislariC n in the UX. the xhool is fequired lo fharge Value Added IVATI at Ihè stafjdaré rate of 2(VA on all edvcatioll g Se￿1¢￿5 provided lo pupi15 01 tompu150ry School a£e_ ThÈs chanEe took effett foi all ce r￿.5 st6rtins or¥ or after lanijary 1. 2025. Conseoueiitly, St John's Kliool fees have been adjusted to iiicorpDrate this new lax liability. a necessary measure to ensvrt compliance wilh the Finance Aci 2.02S and maintain the scliool's fIna￿LIa1 viahility a nd ongoing opèrations. Si John'5 has undertakLJfi ri@ce￿arY admin Islrative lasks. including VAT registration wilh HM ttcand adbplins our ftrnancial Paxé S St John's School Northwood {A ¢offjPOftY limitod b¥ 6uar3ntee and not ha￿ttE a Share capital) Go¥ernors' rèport (continued) iysiems, lo manage ihe colleLtlDn ènd rernillance of Ihis tax. We continue io monitor Ihe financipl impact ofthis 5iEnifFC3lit regulaitiry chan8e. includin8 Ihe abililv to rec13im VAT ori certain scliool ÈxpendiEures, a nd are t3kin8 proactive slep5 to mar￿ge 3ny ￿tentIal efFecls oli pupil admi55%)ns and the overall rirtanci81 Stability of the instiluLlon. Du ring the year ertded 31st August 2025, the School's income from gross fÈes decreased to E5.602,491 1?024.. £S.886.4051. Toial ir)como decrea5iiig to £5,837.72612024., £6,243,'1221. The de£reases in incom are biirlbuted to two key factors Firsily ihe Teoucitnn in pupil numbers resuming from the chanse. in structure of ihe School and secondly a reduction In npt fees from JènLbary 202S 10 help suppori famiS1èS monage the impositio n of VAT on s¢h¢ol Fees. Total expendilure also decredsed to E5.876,2 59 12024: IS.889,9121 and the School's net In(vme/expenditure amoiinttd 10 £64.882 {2024. É575,3881. The School holds investments which are royiewed O￿nUallY by the Fifiance & Generèl Purposes Sub Com mlttee. llie pÈrformance of these in¥estment5 has broadly been In liiie wlth the benchmark5 approved bv ihe Fin8nce and General Purp05es Sub Committee. K sliould also be noted thor dlvidends are relilvested back into each r)ortfollo. Ttte Investment pollcy and slf ategy 38ceed by tlie Govemors is for a ccrn biriètion of capiial &rOWth and income wlth elemenis of both 3 low arid medium iisk profile ècr0$5 tho portfolios. There arè three 5eparaie and UE)(esirtcted invesi.ment portfolios iyhich have been established to itsntribute towèrds ihe Scliool, cbpital eypendilijre projects ai)d Ivnd Dyrsaries. During the year the school awarded bursaries and dlscountS to the va lue of £81.6J $12024: £65,61.11, Acce$5 policy It Is impoitinl thèi the puplls of thcp school benefit frorn inierèctitvd an(J learnirh8 wlth a diverse range ol people. Access (o the LMIuc3tion and lacililies on offer 5houkl nol be re5tricied to the children Of parents who can 8ffDrd the fees. St John's waThls Ip be ¥iewed as p3ri of a wi(Jer comniunity and the SchoDI believe tl)it it is impjrtani for pupil devoltspment i'o actively participate within Ibe comiDtsniiy wl*ce they can do so wtlhout detriment to theif education. Bursaries and Scholarshlp po5iciv5 si Jol)n's School does r￿1 bÈnefjl Irom any endowment funding aft(1 p3yS o commercial rent for ils propertv. IE does not hold Il)e freeholrj of any l? nd. In reviewin8 bursary requests, it must tlierefore ensure a balance betweer¥ the interests of rhe fee PayiliE parents, many ol whom make considerable persona I Siicrifice5 to lund their boy5, educaiion and th05e beiielilbnz Irom the awards. Bu15?ry awèrds are avai16ble 10 those who meet the general entry feouiremerkts and are made solely on Ilie basi5 of P8Tental means Of to Tel￿ve l)ardship where a Pupil's edLKation and future prospects wotsld othefwise be at risk. OiscoLJI)is are pruvided to p?reftis who have moro than two children at the SchoDI and to 513ff membeis wlio ch005e to oducale their children at St John's. Link5 Wtth l¢xal state schools Hillside School held tl)eir Sports Days on ihe St John'5 athlelic tfack witll 2￿ childTen and staff attenclins support pfovi(ied by our se￿10r boy5 and 8rounds ie3fft. Sr John's liosted tl)p Design and Technology Competition for Year 5. Primary khool chLldfen joined wirh local Indepenclent Schools to tako pè rt in a morning of teamv40rk, collaborat￿￿ and challenge. Primary School thiidreTh took part in the Kwik Cricket and Tag RuEby Festivals for Year 4. Due ID plannin8 conditions IM￿sed on (he School, the use of the school's fècilities by outsicle bodies 1 re51ricled. The kl)ool has an ongoing arrangernent with Gala Acadeniy who are ofliliated and Supported Pa8e g St John's School Northwood {A company limited by guarantoe and not havi￿ a Share capitsll GovÈrnars' report Icontinvedl by Bad mpnton Eis8laiid and provide è wide iandt ol COTnmuniiy access io our Sports Hall via their 8adminion lid Yosa Academy SesSlDiiS are held each etrening and uver the weekend. This community use 5ignificanily exceeds tho r@quiienient5 of the CDmrndnity Use agreemeni with the Loiidon 8orough ol HillinEdon. Thp School also mainEdill5 an area ol land th3t rs'protpttpcl. by the LoJidufj Borough of Hlllingdon ILBHI. The cor15ervaiion reporl Cothmissioned in 2015 ideniiliLid partlcular hrea5 of inieresi. Other charitable a£ti¥ittèS The Trustees ¢ake ihtir resptsnsibilitie5 under the Charities Iprotecrion èftd Social InvÈstmenil Act 201 S seriously and have coi)siéererl the Impli￿tiOnS on [heir funtlraising activities. The chaiily doe5 not rais fuTrds cjrrpctly from the general pvblic and does nni actsvely solicit donatiOn5. The funds raised are via donallons made by Ptirents, Staff and / or Ihe St John'5 Association IPTAI. The charity does noi work directlv with commercial sponsofs. The Trustees have no rectsrdod cDmplAiiil% In ie5PQCt of fuiidTa15ing during the yeai.wo are ploased to announce Qui anAual charily ieporl lor St John's Scnool Iof Yeaf 2024125. fhis report 51iowcases tlie reinarkabEe efforts ol our sIuLlents. staff, and cornmunity il) supporEln8 Viifious clibritable causes. Tl)rough furidraisiTr6 events an(J volunteer actiwitlP5 we have made a meaningful impact on tliose in Iieed. Thi5 year. our school has suppocte.d a fal)Re ol cat45e5, from the I Governof< report (continued> Pay and Repiiuneratlon The Governance, Risk and Remuneraiion &Jb Committee chaired by i*e Chèir of Governors is responiible for agreeing pay for the Kliool's Senior LebdershbQ Teaffl. The fiftance cornmittee makes fecomimend3rion lo Ihe full board on Teaching and Support stall renumeTation. In se.t11￿3 remuneration levels, Ihe Soaré tales inLe accou nt ivliat the School Cdn afford - based on its mosi receni financial projections- as wiell as naiiorkal p8¥ levels and loc31 market conditions. Reserves policy Substantially all of tho fund5 availhble to Ihe Sthoal are unrestricted. ThE School's yeservts policy is to mainlain suffTCient unrestricted resErnies to rtspond to unfoieseen events arid covet io Ihfee monihs, I￿n-di￿retionarY expenditiire lestimated to be approximè4ely £1,3QG,0001. 011 3 1 August 2Q25 free reseNes were £4,442.(k13 {2024'. f.4.219,0891 in additiDI) the sc.hool holds FNil 12024.. F.943.8811 of desi8nate4 funds that the Khool coukl dfaw on if requifed. This policy continues io be monitofod by rhe l.inance ond GeneT31 Purposes Sub Committee and ieviewe(J annu?Il¥ by the Governor5. ruiuro capital eKpenditure developmoni plans will be ltynded by a combinatlon of (Jsli flow, and inve$tments. Nole 13 to the FiTroncial Statemenis set5 Ovi an analy￿5 0(1S)e asse15 attributable lo the va(iOUS lynds. Tlie School has festrictcd fund5 relating to feslclcted donations received arid a desionoied fund in relailon 10 aniounts receivod for bursarie5, The Governors hève considered the CMrily Commission defirtitlon of free reserves. They have concluderj that the designaied bursaiy fund Invèstment balancè should both fomi parl of the fcee reserve5 8$ they could be dfawn on 4t any Ilme to suppc*rl the operation5 of the School. Okablllty Statement It continiies to be the School's policy to 8i¥e full and fair COthSidor•ilon io disabled persons 3pplyin8 for ei)IplDymenL having full regarti io their pariicular aptTtude5 and abilrties. Ful5 and laif consideration wlll be 8iven to tlie ca ntinitliig emplDyfflenl and appropriaie tralnin8 of person5 who becarne disabled. The School prDvid¢5 e.qual opportuniiie5 to all staff on the basis of objeclNe criteiia and personal meril. Trustee< msponslbilltles Tlie Governors of the School who are sJirecigr5 01 the Company 8nd trusiee5 of (he charlty are responsible for preparin8 the Tfusiees. Repoft antl the financial statemeiils in ècco¥donce wilh appliratle law and Uniierj Kin8dom AccoLJnting Standards (Uniied KinEdom Generally Accepied Accounting PfactiLel. Company law requires tho trustees 10 prepare financi61 stateinents for each flnancial yeaf which give a ifiie n¢ fair wiew of the slate ofaffairs of Ihe chaf Itable company arNI of thè incomin8 resources and applic31ion of resouices including the income and expendilUTe. of the tharity tor ihat period. In prepafin8 thesé fiiianci415tatementS, Ibe trustees are required to. select suiiable accounting policies and then appty them conststenify; ¢bseNe the meiliods ancl prinople5 in the Chd rities SORP.. ake judgetnents and estimales that )ie reasonable lind prudenL slate wlieiher applicable accoufitirig standards have been followed. subject to any waterfal departures disclosed ènd explatfted in the financial staiements,. prL•pare the fiiiancidl staiement5 011 the &Oin£ concern basis unle55 il is inappropriaie to pre5umP ihai Ihe chariiy will continue in bvSine5S Tht TfuStee$ are responsible fLir keeping prpper actDuntinB records Ihat t1isdDse ivith reasonJble èCCJf3 at ar¥y rime the finan£ial position ot the chariiable Company and efiable them io ensure thai tlie financial StJohn'5 School Northwood (A c(>mp3ny limitéd by 8uafantee aftd not havins a share capital) Governors. report l<¢)Trtinuedl slatemenis comply with the Compa Tries ALI 2(￿). They aio also re5pofisibl* for safeouaf¢Jing rhe &sse15 01 IhL charitable Company and the group and henie for taking reasonabje steps for th@ prevpi)tinn ai)cl deleciKon Df fraud an(1 Diher irre8ularities. In the case cl each of the ￿(sOft$ are dSreclocs ai tht time when Ihis report is appro¥ed, Ihe followsng applies- so far 3$ IliÉ director is aware, Ihere is rele¥ani audit ii)formaiioii of which the Comoanf s audliors are unaware, and lie or she ha5 taken all the steps that ￿ Dughi 10 have talen as a director in order ¢0 hin)self or hersoll awa re Df any relevanl audit information and lo establish that tlie Company's norn)a I couise of bu5ine5s_ We assessed whether judgLJment5 macje iii makin acc.oui)tJii¥ estimates gave fySQ lo a FX)55ibFe li￿lcO¢lan of n)an8Rement bias. Ai rhe cotyipletion siage cl (htr a Lé it, the enga8Èmeni parinei's review included ensuring thar che team had appioached laoir 4vork witkt atrpfopriate prolessiondl 5cepii¢¢yn and Ihu5 rlie <3PaCily lo iderttify non-compliance. with Idws and re8￿1<￿(¢0￿5 and frau(l. There arp inlierent limitations In rhe audit procedvres described a￿ve and tl)p. fLTf¢i)er rvmoved non- complidnce wlth laws and regiilations 1$ fTom the e*/en(s and rrèn$6ciions fofle(ted irl Ibe financial siatemeni$. tho less li*ely we woulé become aware of it. Also, the risk of not Oeteciii)g a maierial misstatomei)r due to fraud is higher than the risk of nut detectifig one resultinB from error. ès fri may involve deliberate concealnieni by. foc e.xainple. forgery or iftteniional mr￿¢presentations. of throu8h cuIIu5ion. A lurihef d¢scriptlon of Our resp)nsibilliles 15 ava Ilable on iht Financial Re￿rling CoLincil's websile Jt: wbvw.Fr .Of r)nsi -￿￿111L￿,I. 7hi5 desciipiion lorms pari D( our auditor's fepori. of our feport I'PFIS feporl Is made 5olel¥ io the charitable compa r%y's members. as <1 body. i n accordonco with Cha pier 3 ol Pa rt 16 of Ilie Cofftpanies Art 2006. Our audit work ha5 bL>en iiiiLlpriakeii so that we mlRhi siato to the chaTltoble compahy's mpnibers Ih115e maitefs we Jre reouire IEelSlfB;ioiiIIcc5 in>ufiii¢o*jlxou￿. 5,475.930 11.293 5.475.93Q 11,295 2.130 65.779 $4164 5,/83,2S7 14,5PJ an4lilJry Incomv- renith¢ttr)ks cliTr￿¢ in(Ill•y iyom 6)r,779 S4,164 d7.392 138,256 Irth¢omirne R•saLkrcos frw Gèntrniqd r4Qlii¥riGnS iti*ii ComNrty nonhiion Ironi Par¢nts 4,SSQ 2Q.OOQ 10,000 10.500 131002 132,Q02 142,57.? 5127,716 5.837,726 6.223, 722 Cgsts ¢1 ien•r•tirflwds 4,339 10.950 4.3J9 10,gSO 18,139 11,213 irt¥ts&imont nlilll*lL471pnt 15.289 1S.Z89 Sc￿001 and ¥roD(.makin¥ 5.860,970 5,876259 5,8611,glQ 5.86C.S50 Totil 5,876.259 5.899,912 148.$331 103,415 10.000 iJ#.sJJ? 103,415 333.BlQ 241.578 J75.311$ Nef lntomel1exo•￿t￿4l Tr•rnsferbotweeThlvr¥Js io,orJo Nei MoY¢rtèr•t kn Fvn¢s 57S,388 lJaaNtes * i Spptembtr 1014 8,470,586 8,470,586 7.895.198 .535,46B I￿35.46* 8 470,586 Ihe TrJte£ Gf P38LJS ?G to 55 loim Part flrianri*l 5taicrilVS1S. io re¢W￿ 8•r.$4rtd ￿)yeS lkne othw ilkan thE ￿E10LyI¢d A￿¥0. i of iho s{￿or$ AC4NiLii% •rtrcor.lrfw￿. Iherowrft I. St John'5 School INorthwoodl Limired (A compilly limited by Euaraftteo and not having a share capital) Balance sheet As at 31$1 August 2025 2025 2024 Noies Fixod assets IrwesrftiL41115 Tangible lixed assotS 3.014, 745 4,093,424 2.836,359 4,2SI,497 7.108,169 7.087.8S6 Current assets Stocks Debtors Cash 10,2 276,572 7.,750,914 8,2 19 129,259 2.961.f%36 io 2,537,776 3.099.374 Cfodltors: Ive withln one Ypar li 799,227 1.091.1.57 Net current asseis 1.738,549 2,(Q8.217 Total assets less ¢urrent 114bllit5es 8.8d6.718 9,C66,071 Credltors: due after more than ont year 12 311.250 625.487 Yotal net as$eis 14 8.535,468 8.470.586 Aestrl¢ted funds 14 Unre$tricted funds DLISIBnated and %eneriil funds 14b 8,535,468 8.470.586 rptal funds 14 8,53S.468 8,470,586 Approved by Ilie Governors and signed oli their behalf by J C Fowler Chair Da le.. Company Registration No. 3411518 The notes on PaEes 20 to 35 lorm part ol these financial staiefnents. Pa8e 16 St John's School (Northvmdl Limited IA company Ilmited by Euar¥niee and not having a shèfe capital) Statemont of cash flows For the yÈarertded 31 August 2025 2025 2024 Notes Net eash flows from operating activities: 377.734 964.?92 Cash flow5 from investin8 tivitles: Inves(ment ifttome Purchase of properly, pl)nt 3nd Équipment Proceeds from sale ol inve5lments Purchase of irh¥e5tmenis 217.930 1339.0891 93,2(* 1609.5'171 155,191 538,436 1146.986) 1677,7071 Net cash used In Investin8 ttbvities 1112,9541 1655,6421 Cash flows tr•m fln4nclni activitles Movement irt f1r￿1 dcposlt5 129.OLKJI 16.800 Movement in fees in advance 1863.5251 485.887 Net cash loutllln from nan¢inB activities {892.5251 502.687 Change In cash and cash equivalents in thE reportl period 1627,74SI 81 L,837 sh and cash equlva1e￿tS blf Cash ènd cash eqUNalenls 61 3 1 Au811St 2025 16 2.999.208 2.187,372 16 2,371,1163 2,999.208 The notes ofi pa8os 20 to 35 fofm p8rt of these financial statements. i9 St John's School (Northvtoadl timited IA Company limited by guarantee and not ha¥inÉ a sharÈ ¢apitJl Accountiw policie5 For tho yearended 31" ALW45t2025 BA5is of atcoiirsting The dccounls have been prepa rèd under the CompaThies Act 2006 and in accorddnce iviih Ilie Charities Stalement of Recommended Practice I"SORPIFR51021 second edltion") afid Financial Repnfiing siaftdard 102. The actoiints are drawn up on the histOf+ciI cogt basi.£ of accountirig. Having reviewed Tl)e fLinLIiFIB faciliEies available to the School together with Ilie Qxpected on80iiig cfemand for places, and Ihe School's fvriire projected cash 11?ws, thè Golprnors hève a reasonable expeciaiion thai the S(liool has èdequate resources to continue Its activitie5 lor Il)e foreseeable future. Arcordin&ly. thpy con[in￿e to adopt Ihe 80ing concern basis in preparing tlie linèncial siatements as ouElined iii the Statemenl ul Accouniin8 and Rèporting Responsibilitles on page J l. The financtal siatemonts are prepared in sierlinL wliich is the funtlion31 ctrrTEncy ol ttr￿ charity. Monetsry amo(srn¢S in IhesLb financial slatemonts are rovnd¢d to the nearest E. The lolkswin8 acLoiJntin8 poIIcios have been Op￿lert consistonlly in deèlln& with items which are con5ide(ed rTl¢Jtoriil in relation to Ihe School's financial statemeThis. The chaiity is a public benefiT er)rity, Tan8ible fixed assets Yhe Qfiglnal lJnd and buil(lin85 ol the School and the domescic Iiov51n& on 51re are noi owned bw Ihe company Tlip cpnipany 15 fesp)nsible for keepitt8 ilie5e propertie% In è lit and useful condlrion and tlie5P COSt5 a re wriiten olf 8s incurred_ The cost of any maierial capital improveMenl5 to such land ¢inO buildSog5 al)Ovo (SIX) 15 c4pi181ised on compleiiun or pufchasp Al each rtponing i)eri(Jd end daip. Ilie School rèvlews t.'ie carrying amoufiis ol its tangible as%ets ID éetermirie whether Chefe Is a ny indiralion that those assets Iiavo SLifferpd ali irtlpiiirment loss. If any such indicaiion exists. the fecoverable amoufti of the asset is eSliniJted in order to (leieftrino the e¥tefit of the impairment loss lif ?nvl. DePr￿latIOn Depreciatiort is piovided 10 wriie LTrff the cosi ol all relevani iangiblo fixed assets less eslim3led resldual value based on current Inarkot prices. in equal annual i*)sialments ovef theii esiiftiJted I15eful economic lives Js follows-. uilding and leasehold impfovements Fuf fbltufe. equipmonl anLI molor vehicles Machinery and sm411 motor vehicles ove( 20 yeafs ovor io year5 over 4 years Stock5 Siock reore5ent5 goods lor resale aiid is valued at the lo*er of cost and ne.1 realisoble value. Paee 10 5t lohn'5 5¢1th {Northwoodl Limited IA company limited by guarantee and r￿t ha¥in8 a share capitsll Accounting policies Forthtr yearended 31"August 2025 Pensyon Costs Ret1￿ment bÈnefit5 to emoloyees of the School are provsded through two pension schemes. one defined benL)fit, and ofie defi"Thed contribution. The pension costs char8Èd io tlie St6tÈment of Fin?n(ial Aciiylltes are deiemiined as lollows: The Teachers. Pension Scheme fhis scheme is 8 Depaf Iment for Education Teachers, Supeiannuation Scheme (or the teachin8 Staff Gf the School. It is not POS5ible to identify the 5khool's share of the underlytnB assets and liabilities of the TeaihÈrs' Pension Scheme on a consistent and reasonable basis a nd Ihefefore, as require(J by FRsI02, accpynts for the 5clipme as if YE were è defined contributioii scheme, Th¢ School's conlribulions, which rÈ in accordance wit* ihe recommendaiions of ihe Governmpni Actuary• a re chdrged in Ihe ppriod in which ihe salafies io whicll ihey relate are payable. The comoany conlribLFtes to ? nioney purchase 5chvme available to non-teachlrig stJff 31 the fate of 14% of b3sic salary, Pension costs are charged iii che perioo in which the salaries tr) whicli they relate are payatsle. Fees Fees ￿(e￿able and chai8es for servlces and vse ofthe premises. less any allowdnceg, scliolar5hips. bursaries urartred by ile School agaiThsr those fees. but including contribulion5 receiyeé frorr restricteach activity in the yeaf, Jilher by fefe￿nce lo siaff limé or the use made of the undefWin8 asseis, as appropriate If recoverable VAT 15 included willi Ihe item of e¥pendiiure lo whic* it relates. Grants awaided are expefises as soon as they become legal Of Cjperatioiial coinmiinieiits, Governance costs comprise the costs of COiTiplyin8 with cortsiitutioThèI ènd statutory reoulrements and are included os a componont of 5uppori costs lor schooling. 1.12 FunLI accouniin8 Tho charitable ftsrtds ol the School are accoviiied lof a5 unreslricied or re5t¢lcled Income. in accordance with the ieri)IS Df triisi Impused by the d(￿0($ or any oppeal to ivliich ihe¥ may have responded. Unr¢5tri5 Flenta15 payable are cli&rEod on a time b85iS $￿er the lease ieim. i.ld Taxailo rhe School Is a réBi5teied chariry and its iiicome rs noi liable to Ièxolion as It Is applled 10 wholly charllable pvrposes. 1.15 Dpbtor5 Traclt biid other debtOfS are recognlsed al the seltlement amount. Prepayn)ents are valued at the ?mouni prepaid. 1.16 Creditors and provisioiis Crerjitors and provisions are reco8n15ed where the charity has 3 present cbl¢8atitsn r&sultinE tcom a pasi evcnt that will proba bly result in the tra n5fef of lunds to a third party and the arnoL4nt due to sellle the obligation ran be meè5ured or o%timat@d reliaVIy. Creditors and provl$1ons a￿ normal￿ ￿c￿Enised 31 their 5ettlemenl amount after alto*Aing for any tiaLle discovnts due. P¥8¥ 22 5t John's School (Northwooé I lirnited IA company Ilmlted by 8U3rantte and noi havlnk a share capital) Accounting policies For the year ¢4nded 311¢ August 202S Composttion feos The Scliool offer5 the paretbts thè opponunily to pay for up ro five year5. fees in advancci fhp 8 rnouftt recewèd is invested and inie-.e51 IS accrued n)is is ireated as deftfred incomp uniil the pupil joins thÈ School wliefeupon the fees loi @ach SchDoI Iprm are chargecl 3g3insi the remaining bala nce and taken io income. Any 5horilall 15 trealed as b deduclion Frtsm School fee income ènd ny excess inay be tfeaied as ad¢Yiliors31 S(IK)ol income (Note 13J- 1.18 Fi41a￿la1 tnstruments The trust only has fSnancial assets and financial liabilities ol a kind ihat 4ualify as basic firtancia I instruments. Ba54c financial inslruffiefjis are iiiitially recD8ni5ed ai trarns3f.tio n v8lue and suhsequenily ffleasured at their setilement value wtrh the exception ol bank luaiis which afe subsequently measured ai amoriise¢l cost usinE the effec(Ne inrerest Met'hC￿. The School has elected to the provi5kon of Section I I 'B¢Jsir Financial Instrunienrs, and 5ectlon 12 Otlier rinancial Instrumenis Issues. of FR5102 10 all of its financial instrumenis. 1.19 Criikal aicoiiniii18 iudgement ai)d Èsltmates The preparation of (he financial staiemenis in accordance wlth FRS 102 reqvlres the Governors to make estirnates and assumplions conceminE ilie luture. The estimatés and assumptions tliat could l)av¢ a slgnilicani rlsk of ca ￿51￿6 a materiol adjusrnient to the cairying amounis of assels and liabilities withln the neKt finaiicial year include acciuals, deprociaiion aril fevÈnue recognitlon, The ccounling in these areJs of the accounts requires manaBement to use lud8ement. In rL&lailon to accfuals this is Wlth regards 10 a best estimate of cosis thJl V4111 be incurrEd ba.sed on conir3Ctual requireinent5. For de9￿clatIOn Ihe5e eslimates are driven by ihe useful e¢0￿mic life of ihe assoclated BSSets, For revenue recognition management appty judgemenis In concludin8 on the FxSinl at which revenue should be reco8ni5ed. prfo23 St John's School INofthwood) Limited IA company limite¢4 by Zuafantèe and ftot navinÉ a Share capitall Notes to the accorjnts For the year ended 3151 August 2QZ5 hool lees 2025 Z024 Th@ school's fee income comprised: Gr055 fees Less.. Total bursaries. grant5 arid èllowances 5,602,491 1126.S611 .5,886.405 1103. 1181 ?,475,930 5.7J3,787 Add i)ack.' Scl)olèrship5, Grants Etc. Pèid for by Re5crlcied Funds 5.475.930 5,783.287 Other In¢ome 2025 2024 Other edu¢Jtional charitable activities Registration fee5 Fce5 insurance discount 12,100 2.409 1.491 112)> 14.509 Othei ancillary incrM)ie Music Income Reni ancj Lott111gS Op.posits forfeitèd lind other Mis￿lIaneoUS Income rees In lieu 2.130 65.779 46.127 8.037 d7,392 52,1411 66.108 122.073 185,648 Interest re¢ei¥able Bank intere51 receivable Interesi on laie fees 13 1.056 946 141,949 513 142.522 Drjtsatlons CDmpany In(ornÈ Donation5 from parents 4.550 20,QQO 24,550 10.500 St John'5 S¢hool INorthwood> Limited IA company limitsd by guarantee arxl not ha￿nI a share capitsll Not¢s to the x¢ount5 {¢ontinued> For the year ended 31" August 2025 Expenditure 2025 2024 Charitable activity Èxpenditure includes: Irieresi pay?ble 4.215 3.490 Support costs Includes; Auclitors, remuneration for audit seThiLes 17.S14 17,964 Totsl staff costs UXY)prised: V¥136es a nd sakanes Socoal ￿urity COSts Peiiston coniributions Yerminaiion Cosis 2.899,492 327.951 710.095 56,250 3, 141,464 316,271 539,381 3,99 J,788 3,997,116 Thp iiumber of hiBhci oaltl emplDyee5 WIS. f.60.fKJi . f 70.CI £70,001 . E8O,DCQ [80.001 . £90,OIJ) £90,ooJ - £1￿,￿ £100.001. £120, 12.494 12.494 Total resource5 empended 3.993.788 1,452.931 5,876.259 Analysls of expendlture- previous year Staff Costs Other Depreciation Total 2024 Investment manaBpmeni lees Bank inieresi charges 11.213 18,139 11.213 18.139 29.3 Jf2 Charltable a¢ti¥ities TeJ¢hing Welf()re Premises Suppori cosrs of sclioolinE 3,343.050 147,639 262.977 243.450 3.¢i97,ii6 411.446 151.8f 632,4?3 245.985 -4,7SS,496 299.5U5 895,450 9 10. 109 420,674 I,d42.770 420.674 5.860.560 Loss on sale of assets Totsl resources èxpended 3,997,116 1,472,121 4ZQ,674 5.889.911 Pa6e 26 St John's Schopl Imorrhwoodl Limited IA company limite(I by gu￿a￿lee and nK•t ha¥inR a share cawtsll ote5 to the ac(ounts Icontinuedl For the year ended 31" August 20zS Transfers betwe￿ funds TransfÈrs are made Io Teprestrni the release of restrictiDns on fu nLIs tl)81 have beefl given in sijppori of capital projects as fol lows.. 2025 2024 Outdth)¢ classroorn Wellbein8 8arden 10.000 10,000 Fixed asset Investments 20ZS 2024 At I September Additions al c05l Pisposals Urirealise.d gbins and 105ses 2,798,992 146,986 1155, 1911 103.416 2.4414,801 677.707 1538.4371 210,016 At 31 August AdrJ cash 2,894.203 120,542 2,798.987 3.014,74S 2,836,359 H15torl¢al cost of Investments 2.452,596 2,343.031 Quoted invesiments are made up 05 follows UK equities UK bonos Overseas bonds Ovors@as pquilies Actively maTr88ed Private Equity AlternatNeslOther UK C8511 760,915 335,519 37,589 1.234,226 46.449 105,426 374,079 120,542 1,514,173 263. 17A 1,021,641 3.014,745 2,798,988 P•s¥ 27 St John's School INorthwood} Limited (A C¢>M￿nY limited by guarantee ar¥J ntx havin8 3 shBre capltall Notc5 to the aicounts Iconfin¢Jedl Forthe yearended 31" AuÈuSt 2025 Tankible flxed a55et5 Èuildin85 & Leasohold Imp¥ovomcnt5 A&sÈis undor ¢ortstrnctiOn Pl?ni & Motor Vehlcles Fufnlluie & Eoulpmeni 202$ Cost I Spnconibor 2026 Addi(ion5 risP05als friinsfors Adjusimoni ?.992.853 R56.214 395.303 249.780 12,367 I IY.4331 12001 1,727,937 70,507 112,4941 11.365.873 339.089 IBg.02AI 39S.503 155, 1271 1395,3031 155.1271 31 Au&¢tst 2Ctr2S 11,589.443 184.5141 2.785.950 11.559.9117 0¢pr•c￿tIort 4,6 10.796 321,Y13 243.321 7.697 177.433} 2.?60.2J3 112.41?5 112.494 7,114.3?6 d¢2,035 188,9?.81 Ch3r%e for ycor ISPL¥s&Is 31 Au8usI 2025 rt.932.7tr> 173,591 2,36&.184 7.46G,483 Nel book ¥aWe 31 A¥Aus¢ 1025 3,656. 134 10.923 4?5, 7C? 4.093.424 31 Augv$t 1014 3.382.057 6.453 467,684 4.251,497 st￿k 2025 2024 Consumables Goods for losale 3.338 6,952 3,190 5,089 10.290 8,279 io. DebtOT5 201S 2024 Trade debior5 Prepayments and accrued income Otaer fax aftd Social Securitv Other debtors 94,503 77,681 97,833 12.999 50.221 63,965 15.073 283,016 129,l59 Pa8e 28 St John's School INorthwty)ttl llmittd IA company limlted by 6LMraThtee and not havinÈ 3 Sharè ￿PItal) Alotes to thv accouhis Icontinuedl For the year onded aiSt August 2025 ii. Credltofs: dw within one year 20Z5 2C114 Final terni deposits Trade crediiors School fee5 in advance Accruèls and dEfefred income Othor creditor$ 1,4¢Jl 91,841 214,329 323,216 128,44 1 26,A 111,304 807,626 28,048 117.779 799227 1,091,IS7 Iz, Credltors". due after more than one yew 202S 2024 Final term deposlls.. Wiihin I to 2 years Withiii 2 to 5 year5 After S yÈars 17.600 38,000 Ao,000 21,600 83,800 3,1,200 Compositlon fee sthen)e (see note 131 2 1 Jf,650 485,887 Jll.250 675.487 13. Cornposlt6on f¢¢ scheme Parenis may enter Inlo a coniracr to pay the School in advèTrce for fixed contributlons towar¢Js Sdiool fees. The moiiey èdvanied is leld in cash and can t* invested at ihe Governors, d15crerlon. A chaoe is made a8ainst the income generated on these secufltles and bank deposit5 in the Stalemeni of Financial Act4Vitie5, reflectin6 the elen)ent of i¥)vestmpnt income tbat is chargeabl? front. The 5cheme'5 liability to meei future fee5 payable. net of investment income due for future periods. is ipcorded in Ihe B3laiice Sheet under"Creditors". The money may be returned. subjeci to specific conditions, on the reL@ipi of notice. Assuming pul￿1S will remain in tho S(bool, fees in advance will be èpplied as follows.. St lohn's School (Northwood) Lbmited IA company limited by guarantee and not havirt8 a Sha￿ capitsll Notes to tho ac£ounts Iconiinu¢d) For the yearended 31" August 20ZS 2025 2024 SclTrool fee5 in advance.. Wil*in I to 2 veals WiittÉn 2 to S years Afier 5 years 71,405 105.685 38,S60 214, 182 213,865 57,840 215.650 48S.887 Within l year 214,329 807.62.6 429,979 1,293,S13 14. Analy515 of net assets between funds Fixed assets Net current assets Long term 11?bilitios Total 20Z5 késtrlcred fL)fK15 Uiirestricted and dcAsicnatentinuedl For the ¥Èar endod 31"AuEust2025 Unrestrfrted lund5: movÉments- pre¥iou5 year B￿an£t l- Sèp 2021 Incomi Resources txpehded other Kaln5 and 105ses Tfanstels between funds 8al•rKe 31- Au8-2024 LI(￿rS[7Ty 94),881 ¢343,881 Genor?I ¥Q5orve 6.9S 1.317 6.2 13.72? IS.A&9.9121 241.5?8 10.0 1.526.705 7W5.158 6,213,722 (S,B89,iil2j 241.SY$ 8,470,586 15 Reconciliation of change5 in resour¢e5 to n¢t cash inflows Irom operatlry activities 2025 2024 Net lout8Oih811ineomlni resources Depfc•¢iation loss on disposal Invesimefji Incomé Gain on tnvesitneiiis Incrpase iii DperatTn6 credifois gnd accruals (IM¢roaselldecrease in debiors Oecfease/llncreasel In stocks Noft cash rnoveiiieiii on fixed a55etS fe VAT 64.882 d29,S40 12,494 12 l7.9301 1103,4171 375.916 1236.8681 12,0101 55.127 5Y5,388 420.67d 193,2C161 1210,916 3S5,012 181.7861 13741 £377,734 964,792 16. Net d¢bt rotoneiliatlon Atl September 2(J24 Cash r.lows At 31 August 2025 Cash arrfl fash oqufvalènts Cash at bank I.961￿36 1710.922) 2,2SO,914 C?sh equivatents 37.372 83.ln 120.S49 rotal (627.745> 2,371.463 Pa6e 3: St J¢hn's School {f4orthw0r￿1 Limited IA company limired by guwanteo and not havi￿ a share capital) r%otes to th¢ x(ounts Icontinuodl For the year eTrd¢d allt AuÈUSt 2r115 17, Pension costs TèaC1Y￿ St&ff The School participates in the Teachers. Pension ￿h￿Me 1.tho TPS~) for 5ts to3chihE Stètf rhè TPS Is an unluncled mL41ti*mployer defined benefit5 pefisiofi scheme governed by Tho Teachers, Pensions Regulation$ 2010 las èmet)dedl ar)rl Tho Teachers. PÉn&￿n Scheme Regulations 2014135 aftieF)detJl. Members ccntribule on a'pay as you Bo- basi5 With conrribulions from mombers and thé employer being credited to thc Exchequer. Retirement 0￿01 other pension beftefi15 are paid by public funds provided by PJtliament. The Governmèni Actuary, uslng no¢mal 3Ctuari31 principlès. condutis a formal actUaf131 review of the TPS in aCCOrda￿e with the Public Service Pens+on5 Iva lu3ti¢nS and Imployer Cost Capl DirecLiolls 2014 published by HM Treasu ry every 4 years Tlie 8irn of ihe feview is io ensure scheme costs are recognised and min?geé appfopriatety and the revie￿ 5pecifios the lovel of ltsiure coniributions. Actuarièl scheme v&luations are dependent on as5Vt))ptioftS about Ilie value of future costs, deslgn of benefi15 ar)d ma ny Other factO¥s. The latest acluarial va luation of the TPS was Ca(fiecl out as ai 31 March 2020. Tbe va luaiion repori was published by the r)epariment for Educailon on 27 October 2023. wilh the SCAPÉ rate, set by Hmf, èpplyiry a notionol investment ¢etuM bJsed on 1.7% above Ihe ratv of CPI. The key elements of ihe valuation Ouicome ère.. EmPl￿et contributitrr) rate5 sei 0128.68% of pensionable pay lincludin8 3 0.08% admintstratitrn levyl. This is arF incico5e of 5% In employei contritytstions and the c05t coi)Irol rcsult is such that no change in member behelils 15 needed. Toial schen)e liabililie5 Ipenstons curfentty in paymerti and the estimaied CDSI of future benefltsl for service to the clfec.tive dale of E2fj2.(X)) mlllion ènd notional asseis le5timated fvtUTe coiilributlons tosethor wlih the notional Investmen15 held wt the Valuation datel of É222,2[￿ n)ill¥)n, slvin notlonal past seivice defKKt of E39,81y) million The result of thls valualion has been implementéd ffom l Aprll 2024. 1.he next valuation fe5uIt is due to be ImpEemented from l April 2028, A copy of the valuation teport supporlin8 d¢xumenlatiOII is on the Teachers, Pensions V4ebsite. The School began a phased wiihdrawal from the xheme from l July 2024 and thÈrtrfgTe Its exposure rs expectecj to reduce over lime. The pensiOTr char8e for the year ir)dudes contributions payable to tl)e TPS of f477,64512024'. E539.3811 and ai ihe year-end 138,54512V24- £nill t4Yas ¥ccTued In respect of contfibutions to this schemè. Support staff The compbny contribute5 to a money purchase scheme available lo Sutrt)ort staff at Ihe rate of 15% of basic salary. PaBe 33 St John's School (Northwoodl Limited {A cornpèny limited by guarantee and not having a sharo capital) Notes to the ilrcounts Iconiinuedl For th￿ year ended 31" AuÈust2025 Toial costs Contributions io tyotli atxjve schemes a￿ chafged dired lo chariiable expenditure XJ as to spread ihg c051 of peiisioiis ovef the employees. wofkii)g INe5 wsih tho conipany. Tl* ioial amount DE pens¢oii conifibulion chèrged to direci charitable expendtttsre lof Ih@ ypar was E710.09512024.' L539,3811. Capital ¢0Mmit￿￿ntS Capital Éxy.nditUfe (OlitractL￿ for btll not provided in the financial statements lor il)e company was nil l?.024.- £nill. 19. Other flnan¢lol 4 5t Johrt's School (Northwoodl Limited IA company lifflited by euarantse and ncst having a Share capitsll Ntstes tc+ the accounts lts)ntiftuedl For the year ended 31" August 202S comparati￿ Info(mati¢irth ?a Toi Ivnds Incom• Irom Sdiotrl leè% rtc*¥Jble 5.783,287 S.185.287 Is.r￿9 Oihtrr an¢￿￿rY IKKome - mds OtlILbr rrooinA èCtfvP4lts Olber iJnCili365.38B lo.￿) 515,388 Tipn%foro4t¥44b2n fLYKIs 575.3BI 575,3É& bilnnces•t I Sopthmb*r2025 7A94,198 7I95,1gB Fun&balin1¢54t 51 Augux 1024 B,47o,S Page 3