REGISTERED COMPANY NUMBER: 03777308 (England and Wales) REGISTERED CHARrrY NUMBER.. 1100021 GOVERNORS. REPORfAND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 FOR SEVENOAKS PREPAPATORY SCHOOL UMITED SEVENOAKS PREPARATORY SCHOOL LIM￿E0 CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Po99 Govemors, Report Report of th8 Indepenilent Auditors 10 to 11 Slatement of Nnoncial Actfviti88 12 Balance Sheet 13 Cash Flow Statement 14 Ntstss to th* Cash Flow StstemÈnt 15 Note$ 10 th8 Flnanclol Statements 16 to 28 SEVENOAKS PREPAFiATORY SCHOOL LIMITED GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The govemors who are also directors of the charty forthe purpose8 of the Ci>rnpanEs A¢t 2006, present the4r report with the financigl statements of the chanty forthe year ended 31 August 2025. The gov&rnor5 have adopted tke provisions of Accounting and Reporting by Charities.. Statement of Recommended Pra¢ts"¢e applicable lo charlties pt8paring tkeir accounts in a¢¢0[dan￿ with the Finanrial Reporting Standar¢J applicab￿ in the UK and Republic of Ireland IFRS 1021 leffecbve 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aim$ The School seeks to prowd8 an edu¢ation for lrfe. It ailns trj achieve this through the Way of Life., together with an academi¢ approach that focuses on the needs of the Individual. In addition. the School Sets out to encourage wery pupil to be Ihe best they Can be, both in$￿e outside the dassroom. The School's ethos 15 central to its airns and emphasyzes Strong pastoral G8re of pupils. nurturing each one and supporting parw)ts and children alike. Our aiffts are.. to ensure the safeguarding of all pupil$. - to afford all pupi15 Opportunities to succeed both insick outside the das$roorn. - to recruit and relain the highest calibre of teaching and support staff who embody our Way of Lrfe. - to provide excellent pastoral care and nurtu￿ outstsnding relationships between stsff, puplls and parentj. to be a warm. friendly. family school. to provide individualis8d leaming which we belBve is best provide(J for in srnall das$ 51TrS. to utilise t8chnology to student le8rning and to ensure that our ICT prowsion cornplements existing and future teacthing $trategies - to progress Sthool's commiknent to bursari&s. to develop th6 School's invo￿ement with local. national and international d)arits"es. to maintain and enhants the schools environrnent and facilities - to maintain a balan￿d budget approach to managing its financial resou￿$ and èxpenditures. Sevenoaks Prep'way ot Ufe" I ought to think at all times how rny every action will affect oth8rs in my lrfe". par8nts, friends. retatlons. t8achers and everyone younger than rnys81f. l ought to treat all others as I would want to be treated myself, and take a personal Inte￿St in how other people fe61. l ought not lo touch anything that is not mine, unless with permission or unless l am being helpful. l ought to be polite to everybody at all times and be posibve in my athons. l ought to take rgsponsibility for my obvn Tnaturity by ensuring l 8ss15t in Ihe smooth running of the $choc*l and rny home. - I ought to tske ownershlp of my studp&5, cOn￿ntrating and applyirrfJ mysetr lo a¢h￿ve to the best of my alilty. l ought lo obey in the right spirit the instructions of my teachers and parents. - l ought lo report imrnedi8tely any daM￿e or unforbjnate behaviourto my tsachers andlor rny parents. l ought to remember that in life my aim should be to solve prC&￿M8 not (au5e tIEm, lo build bridge5 rather than knock them down. to tru51 others 8nd to be tru51ed. lo put the needs of other5 first and mirE last. to iTnprov8 and make better whatever orwhoever l am involved with. . l ought, al all times, to be totslly honest io myseW and 10 0th8rs. CHARJTABLE OBJECTS The objects of Ihe Sd)ool a5 set oui in the All¢￿ of A$50ciation, are to establish and cary on in Great Britsin land any other counthesl Schoo15 at or by means of which students may obtain education and inStructi￿S in languages. malhemati¢s, geography history. ané all other su4.ecls whats￿Ver that may be Included in a commercial. lechftical. suentffio da5sical oracademic edu¢abi)n. In Setting the objectD1è5 the govemors have gNen c2refvl rxJn$ideration to the Charity C¢mmi5&0ns' general gut¢anc• o publi¢ benefit. Page 1 SEVENOAKS PREPARATORY SCHOOL LIMITED GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 OBJECTIVES AND AcT￿￿lEs Significant activitles Sevenoaks Prep contlnues to develop its broad and challenging curriculum to equip thll dren the knowledge, skllls and experien￿ needed for tomorrow. Our k)rnlion, in 25 acres of well-managed playing fields and woodland, provides not only a vast playground bul also the opportunity to extend the cla38room and deliver hands-on leaming indoors a￿d out n the open. We are focussed on improving the rnentsl health and wellbeing of all our pupiL8 and stsff. A wellbeing team has l￿en created and mental health prefects appoint8d to ac*"veiy support the ernotional wellbeing and mentsl heatth of the whole school. Art5 Music continues to be a vibrant part of lrfe in the School. In the Prt-Prep there a￿ weekty singiro assemblies. rnu51C lessons, pa￿cUla￿Y piano anrl violln. remain hugely popular. with a record numbèr of children participating this y8ar. The Year 2 Recorder Club performed at the Christmas and summer shows and The Pr8-Prep Choir. for Years 1 and 2. regulady performs at sthwl events. The musi¢ depathent for The P￿p Side has had an eX￿ting year. Celebrating music in all its forms. HEhlighls induded the annual hou88 musi¢ ¢orNpelition, the senior music con(*rt. Christrnas con￿rt, Chri8bras ¢arol 5eNice and P￿p Idol lour annual battle of the bands). We have partlQP8ted in events such a$ King'$ R￿￿ester Orchestra Day. the IAPS Festival of Singing at Benenden. Strings Day al Walthamstow Hall and our (l)oir attended the Young Voices COn￿rt at the 02 and perfomied in a choir with thousands of thildren Our Pre-Pr8p Na￿.￿lty and Summer Shows beautttully showcase the children's grobvth. ¢roativity and ¢ourage. From hearbwarming moments in the Natiwty to the wbranl energy of th8 Summer performances, ea¢h production highlight$ their developing confidence and teamwork. Year 3 and Year 4 proudly Showcased their $inging and acting skills in their end of yèar shows. Our school produ¢tion wa5 Peter Pan Jr. and Years 5&8 gave an enchanbng perfomance bringing warmth and humour lo this magical joumey to Neveriind. Years 7&8 dfjlNered a conffide￿t and captivatlng pertomiance of Frankenstein. with stsndout acting and an atmospheric set that kept the aUdIen￿ spellbound and then at the end of the year took Ihe lead in directing and producing their own pkys fortheir house drama productions. The art d&partynent gt the Prep has had another livety year. wilh children from Reception all the way up to Year 8 ccrning weekly to explor* and Gteate. The Pre-Prep children have created piec85 Inspired by their dass topi¢.' Rewtion wowed with their paintsd dinosaur landscapes. Year 1 grew their cutbng and ¢ollaging skills by Creating 5uperheTO cityscar*s. and Year 2 impressed with thair Afriran wax batik and tree designs. All of the Child￿n have the chance to develop their growlng skilL%, and the roomy Studio gives us the opportunity for them lo mak8 collaborats.vely on a large Scale. The Year 2 sea-inspired work that wenl towards decorati￿ the stage at Iheir sumrner show was espeGally memorable and showed that working together on something can have a big imp8Ct The Prèp children We￿ just a5 busy. Year 3 Created scffie characterful ￿rdbtsard pIgeor￿ to commemorate the Tole of me&8enger bircls wartare. Year 4 éevelop8d their painting skilL4 and to arLTrmpany their English topi¢. ￿aMt to layer watercolour lo ueate beaubful stream views. Year 5 impre55ed us wth their architethjral model of Petra (from Jordan) and explored the connecton behyeen music and art through the genre of at6traction. Year 6 fooled us all wlth thèir skills during the annual Great British Fake Off. making fake fotsd that genuinely looked go￿ enough to eatl Ysar 7 grew their printmaking skills and leamed to Use tayers to add depth ar￿ interest to their deslgns. In their final year. Year 8 gol to grips with photography and discovered how to use objects as a forni of pOrtra￿re. thinking about metsphor a meanlng witt)in their own work. Sports Football Foolball conb.nues to bp the sports forAJS for the boy5 during the Autumn Tern. Coachin9 within woekly gar￿￿ ￿$SOn6 ntred on developing both individual skills and te8m strategy. with numerous teams trom A to E - representing each ye8r group from Year 3 and Year 4 Y)rough to the Colts Iyears 5 and 61 and the Senior team. Regular fixtures ag3in5t local $¢hiK)Is and participation in toumaments prowded Valuab￿ opportunitres for pupil$ to test their skills and ieamwork. resulting in some impressive performances and well-deserved wins. 11 wa$ also fantastic to See our gids, football prowsion grow this year. viith a dedicat8d club established and a team of Year 5 and 6 girfs eompeting at a tournament hosted by Chelsea Footba51 Club in Cobham. They performed brilliantty, conc*ding only iwo goals throughout and secajring an impressive fOUrth-pla￿ finish. Cross Country We had tsams partl¢ipaio in the rnain cro$$ county ev8nts thi8 Year￿th SOFne standout perfomances. We took 41 pupils to Si)merhill School Regional Cross Country whith 15 renowned for its challenging course and our pupil$ rose to the occ28ion. We are especially proud of our U9 Boys. team and U11 Cirls, team. who both pla￿d a fanla5bc 2nd overall, with standout perfOman￿$ from one of our U9 boy5 and one of our U11 girfs, each finiqhing 4th in th8ir resrEcts"ve races. Page 2 SEVENOAKS PREPARATORY SCHOOL LIMITED GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 OBJECTIVES AND ACTIVITIES Vve had over 200 compeutors fiLsm more than 10 drfferent schoo15 lake part In our annual Thomas Trophy cross country competition and we are proud of a15 our runners who participated. Vve had numerous top 10 finishes and a $￿CIal well done to two of our Ug boys who came 2nd and 3rd in the U9 boys, race. helping secure first place for our U9 boys, team. In Ihe cornbined team ¢Ategories. the girls placed 2nd overall and the boy's placed 3rd which is a fantastic schievemenL The season ended with the Goodman & Hutchins Cr055 Country mixed Cross county relay and our run￿r$ oave it thèir all Showing great detetmination and teamwork and it was a brillianteffort to end our Cross country season. Rugby The rugby season 5tsrted with an inspirational day with G80rge Gregan. fomier Wallab￿$ captain and second most Cap￿ Australian player of all tirne. He la1 an engaging Q&A session with pupils, statt and parents and then headed lo the pitch to lead coaching sessions with ourYear5 6-8 boy8. Our teams had a good season on the pitch with special mentron to our Year 6 rugby team for their remarf(able progress over the past few years, their growth progress as players and as 8 team was evident in th& Solefield Schools annu U11 rusby sèvens tournament where they had a narrow defe8t in a thrilling final. The Prep hosted our U13 Culley Cup Rugby 7s lournameni which was a g￿at success with an eX￿pIlon8l st8ndatEI of play and some closely contested malch8s. The folli)wing week. we hosted the Rugby 7s toumament for U11 boy5. in which our Year 6 A team took part. The boy$ tsced some tough opposition in their first two tnatch6s', however. Ihèy put their disappointment behind them ancl played an excellent game of rugby to finish with a Well-deser￿1 win. securing the bronze medal. Cricket It wa5 wonderful to see our crid¢et pit¢FE5 full of energy over the cricket season with ts8rns enjoyirE the game across our picluwque grounds. Cridiet at The Prep is a truty inclusive sport wllh Lx)ys and gill8 playing together on teams Se￿cted by ability. not gender. wilh both harcs ball and 50ft ball crid(et available ensunng everyone gets the chance lo play, progress and enjoy the game. Pupils couw choose whelher they played hard or soft ball crid(8t and enjoyed competing in regular fixtures. Hockey We enhan￿ our hod(ey provlsion this season with a partnership with Sevenoak5 Hockey Club who coached our hod¢ey teams alongside oursports department. Our U11 hod(ey team had a strong Season and ahhough they brought ￿me the bronze ￿al they narrowty rniss￿ out on a spot al the National Finals at the IAPS Hod¢ey Regional Qualrfier8. At the County In2Hockey tournarnent, hosted at The King'5 School Canterbury on Monday they finished as runners-up, brirying home silver medals and qualifying for the regional ccmpetitr"on. Netball The netball 8ea8on began just before the Chri5trna5 hOl￿ayS. with coaching for all year groups frorn Year 3 upwards during their Games lessons. The gids had a busy start to their netball season with lots of fixknre$ prowding valuab m*ch ex￿rience- playing against Kent College. Hilden Grange. Derwent Lcdge. Scdefield and St Michaels, as well as tournaments at Sevenoaks School and H&elwccé. As the season progre55ed, our netball continued lo go from strength to strength, with some outstanding individual displays and excel￿nt teamwork on show. A partl¢ular highlight of the tertn was welcoming Joan Mills MBE, fomier preS￿ent of England Netball. to The Prep. Joan has made an ethordinary contribution to the sport at every level local. county. regional and nation81 and she inspired our pupils with her passion and expertise. both in her ialk and during 8n ener9eb¢ on-CVUrt sessjon filled with Valuab￿ lips and encouragement. To end the netball season we held house nelball matches with rntxed-a9e teams giwng Ihe girls the opportunity to play alongside different year groups. Athlet1¢$ In the ￿8d-up to Sport8 Day. our Year 3-8 pupsL8 enioyeEI a series of alhleU¢s aftemoons, competlng In events suth a$ hurdles and the 600m and practi5ing their ball throw, lory jump and high jump techniques as well a5 some excitrng rèlay races. Prep Sports Day was pad(* $d)edU￿ with the children tsking to the rad( and field bright and earty tD beat the he8t and It was a fantastic momlng of athlet'cs. We took 27 pupils to the Julie Rose Stadium in Ashfor4 to compèts in the Independent School District Athletics Cornpetftion with our athleks participating In a range of event5 and we were delighted that we had four of our pupils qualty for th8 N8t￿n81 Athletic5 championships which took place the following month. Vve narrowly missed out on an overall victory at an athletic8 competition al St Michael's Prap School. Points were awarded based on each eompÈtilo¢s perfofmance. all ¢ontribuling to the overall team scores. There were some outstanding indiv￿ual and team effort5 and the pupils showed great detemiination and teamwotk throughout. Tennis Page 3 SEVENOAKS PREPARATORY SCHOOL LIMITED GOVERNORS, REPORT FOR THE YEIR ENDED 31 AUGUST 2026 OBJECTIVES AND ACTMTIES Vve were delighted to welcome Matd)point Tenni% CoaGhing to lead our tenni5 prowsion al The Prep Ihis year. Puplls from Year 2 to Year 8 COU￿ lake part in group or individual sessions, design￿ lo inspire a love of the game and dèveSop skills 8t every level. We multiple p8irings rep￿sentIng the school In both the boys, and gids, competitions at a competitk)n ai Sevenoaks School with one boys orange ball pairing securing sifver medals and one of our girls. gree ball doub￿ paiiings earning bronze. Indoor Rcwing We introduced Indoor Rowing al The Prep thks yaar and were ¢elwJhted to have 12 students ccrnpete in the National Junlor Indoor Rowing Competition. We were thrilled ID wel¢otne Emity Craig MBE, Britlsh women's lightweight double scuIL8 Olympic champion and three-lime wodd champion rower. to The Prep. She shared her retnarkable story and then pupils had the fantastic opportunity to rèfinè their tschnique with Emily on our rowing machines. Trips and Workshops We have been able to schedule many MO￿ trip5 and workshops for th• chI￿ren over the year. scfne of whi¢h a￿ listed below". Year Gioup Trips 2024-2025 Receptv)n Dig Up L)ini)saurs lin-school wort¢hop frorn outside 8gen¢yl. Port Lyrnpne Safarf Park. Biggin Hill Mrport Year 1 The Roy31 Ob5ervalory Greenwid). Leeds Castlè and Gr￿St0￿e Farm Year 2 Kent Life Museum. Fire Engine vi51t lin-sthool vislt from Kent Fire and Rescue Services), Matilda the Musical, Ha5tiTrg5 Aquarium and RNLI trip Year 3 Young V & A. Kent Life and Rod￿ and Fossils workshop Year4 The Observatory Science Centre, Hersbmonctux. Knole House Year 5 Horton Kirby and Cartoty Wood Year 6 Warner Bros Studio Tour. PGL res￿entIal in P8ri$ Year F Bu8hcraft. Dover Geographyl Biologyl 5UStainability Irlp. Bletchley Park, Belgiuml Frants Battlefields Year 8 Bushcraft South Coast. RNer Boum8, Bkgtchley Pa￿. Belgiuml Fran￿ BatYefie￿S. London theatre trip Thè childrens leaming is a150 SUPWrted durin9 the year by putting on and attending a wlde range of work5￿P8. 8u¢h as British Science VVeÈk viith this yearfs theme bèing 'Change and Adapt.. wor￿ Book Day. author visits. Creative Ar Week with tt)e theme of dreams Whe￿ pupi15 immèrsed themselves in a wide range of exoting workshops including art. drama. dano. music and photography. Year5 7&8 Lecture Senes. the yearfy Schola$b¢ Book Fair, Dwali and tlance workshops. visiting perfonrafto5 of pantomimes. 8￿CialiSt sport bJition, and the ever popular Duck Watch of hatching ducklings. Our regular schod events that involve our community of ¢hildren. parents $tsff include5 the Quri Night Golf Day, Cri¢ket Day, Prep Idol, Bums Night. Grandparents Day. maypo￿ Danang, Kindergarten Grand PrtK. Family Dsy. Wreath Making, C8rol cOn￿rt and Christh88 Bazaar. This year over 230 members of our Prep community ¢ame together at our d2221ing Mardi Gras ball which raised rnoney for both the school and a local charrty Frtnds for Famity. The 8¢hool encourages a more enwronrnentsl appr08ch wherever it can, and this year has been buik1ing on the Eco S¢hool status with more work Imng done by the chIld￿n on our Eco C￿rnIttee to rtduce our impact on the environment. Alongskle this. the whole 8chcx)I has benefitted frun outdoor leaming and use of our outdoor'for85f classrooms and natural areas in our lovety grounds. We have highly qualffjed specialist staff running thes8 sessions which support childrens Independen￿ and love of nature as well as teaching them new skills. Publ1¢ benefft Our Continung involvement as a school with local, national an¢ internationsl charitEs supports Ihè wi)rk we do in making children aware of the wider environment and 10 raEe funds for those in need. During the school year we have co1￿Ct￿d food bank donation$ for Sevenoaks Laréer. and the Spring Ball or9ani5ed by the parents rai$ed a large amount of money for Frtends for Familie8. which is a local tharity supportin9 the work of social workets wlth deprived families. W8 have several staff who are Governors * Olhar local schwL8 and donate their time and skilL%. and nationally we raised functs for the Salvation Army. Maunillan Cancer, and the Poppy Appeal. Intemalionally we also supported the Haller Community charity in Kenya and We See Hope in Kenya, Malawi. Tanzanw. Uganda and Jmbabwe from varws initiatives that the ¢hildrEn thernsefves set up and ran. Dudng each school holiday we host a variety of clubs end activities run by external providers to offer frjn and Challenging experien￿ and in holiday childcare. Our faalities are used for this and they a￿ available to all working families wwher they attend our school or not. Page 4 SEVENOAKS PREPARATORY SCHOOL LIMITED GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 OBJECTIVES AND ACTIVITIES Scholarshlps Iyears 6 and 81 Our eX￿ptIOnal teaching t8am ensures that every pupil is motivatad. ehallenged and well-prepared for examination$ an SGholaT5hips at both independent and local grzmrnar schooL8. This coTnmitm8nl has led to another year of oulslanding achievements, including 15 scholarships in 8cademic, sport. music and drama - with academic stholarships awarded to one-third of Year 6 pupils offered places at Sevenoak5 School and three-quarters at Caterham. The following s¢hoiarship5 were awardÈA to Dur pupil5', 10 Ac￿eMiC Seholarships including S8venoaks Sthool and Catsrharn 2 Sports Stholarships 2 Music S¢holarships 1 Drama Scholarship Destination S¢hoo15 Pupils gained places at their thosen 114 113+ sen￿￿ independent Schools and many were awardecl pla05 at or mort schools. This year our Yoar 6 pupils have se¢uod places et a fantastic tynge of sec*Jndary schoo15, many for Year 9 places. These indude Tonbridge. Sevenoaks. Catsrham, Judd. Tonbridge Gr8mm8r, Wallham5tow Hall. Sutton Valence, Kent c11￿e. and furlher afieid to Hurst. Benenden. Worth, Bethany 2nd Lingfield College. All six of our Year 7 pupils who sat the Sevenoaks Sd)ool entranc8 exam for Year 9 entry thi$ term have been awarded plac85. We had an inspection by th* Ind8pendent Schools Inspectorate IISII and the inspectors praised both the high calibre of our academi¢ pro￿$10￿ and the exceptional petsonal development of our pupils. 'Pupils art well prepa￿￿ forthe next stage8 in their education and futu￿ live5" .ieaders' hi9h ambition for pupiL%' a¢h￿vement is r8alis8d" 'Pupils make good progress, enjoy thelr leaming and respond ¢real￿ety to the challenges set." FINANCIAL REVIEW Financl81 position The income of the School arises frorn fees and donations rEc8ived and Interest earned on short lem deposits with the bank. The charitable expendittj￿ 6 all met from thi8 in¢(xne. The governors consider thè a88ets and the 0￿ration of the School are suffKi8nt in the short term to maintain its obl￿at"0￿$ in full. During the year, the Govemmenl introduced Value-Added Tax (VAT) onto school fee in￿rne and sorne ex#ras. The School chose to initrally pass on only 6% of this increase to parents leading to a net 12% reduction in fees received. Notwith$tanding this heaclwlnd. total income dunng If* year ended 31 August 2025 was broadly level at £5.626,232 12024." £5,659.5561 and the expenditure was £5.468.68912024.. £5.317.3221 which resulted in a sutplus for the year of £157.543 compa￿￿ to a surplus of £342.234 generated in the previous year. Al of the Schools expenditure was spent in advancement of its charitable objectNes Investsnent policy and obl￿11¥e$ The governors investment powers are governed by the Memorandum and Atticles of Asso¢iatlon which permil the governots to make any invesknents Ihey d88m fil. Most of the fvnds generate(J ty the S¢hool a￿ us8d in the short tenr in achvèviro the charftable aitns and objectives. The￿ a￿ no funds availab￿ for extemal long tem investments. Short tèrm surplu$ funcls are ￿ld on deposit wth the bank. Reserve5 policy The govemors hav8 a policy of achieving an operational Surplus to continu¢ to invest in maintaining educational fa¢ilib"e5 that meet and exceed the wrrent recommendation8 and standard5. It is the School's poircy to hold unrestricted cash t8serv8S 8qual to at least three months budget￿ expendiiure. which equates to beNv8en £1.1m and £1.25m12024.. £1 lm and £1.25rn1. The School holds testricted frjnds of È68.835 12024.. £63,7601 which have b88n donat￿ for the funding of buTsarfes. Unrestricted funds of £5,726.629 12024." £5.574.1611 allow the school to cary out ¢$ Charitab￿ oèjectnies. The total funds held wtrre £5.795,46412024". £5.637.9211. FUTURE PLANS Gwen the unc*rtain economic siiuation the school d08s not have any immediate plans forcapital develoKwnent Page S SEVENOAKS PREPARATORY SCHOOL LIMITED GOVERNORS. REPORT FOR THE YEAR ENDEO 31 ALIGUST 2025 REPORTABLE INCIDENTS There hsve been no reportab￿ incidant5 during the year. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document Thè charity is controlted by its governing document. a deed of trust, and ¢on5ti1utes a limited company, Ilmilod by guarantee, as defined by th8 Companies Act 2006. Apwintrnent and rellappointrnent of govemors The Artide5 of Association allow for there to be betsween s8V8n ￿enty appointerj govemors. There are currently 12 on the Board. Governors a￿ appointed by the existing Board member5 in the fir81 instance and they a￿ ty appointsd for 3 years and can serve up lo a maximum of 3 terms of 3 years unless there are extenualng chrcurnstan￿. Or9ani$ational structur• Nono of the govemots ha5 any benefic*l interest in Y)e company. All the governors are Mem￿[5 of the (¥mpany 8 guarantee to contribute £10 in the event of a winding up The board of governors rr*t at ￿ast On￿ per term on Ph October 2024, 20th Novembèr 2024. 13th March 2025. 121h June 2025. The rnain Sub Committee of the gov8mor5 IS the Executive Committee which meets once a month to di$¢uss the day to day m8tters COn￿rNed wlth the running of the S¢hool. Major Items are passed to the Main Board for discussion, with the Exe¢utive Committees ￿G0￿mendatiOns. The Chairman and VI￿ Chairman sit on this Committee with the Headmaster, Bursar. Deputy Head and Head of Pre-Prep in attendan*. The other pem)an8nt Sub Committe85 are 8$ follows". Academic Committee C Jones Financ* and Risk Committee J Berry Bursary Commlttee K Rush Estates and Facilities Corrmrttee A Durtnell Safeguarding and Wellbein9 Cornrnittee T Homshaw Chalr hair Chair Chair Chair The govemors bring many years of experien￿ in a wide veriety of professional r￿Ids, such as finance. education a rn*￿1ne. The 'day to dal, running of the SchcrA is delegated to the Headmaster Luke Harrison and the Bursar Andrew Hodgkin. They wofK in coop&ration with Ihe Senior Management Team. who are the Deputy H88d, Head of Pre-PTep, A8515tant Heads and H¢ad of Earfy Years. Key management remuneration In line with pay for all $tsff. key management pay is considered by the gov8rnors' Finan￿ and Fiisk Committee who make recommendations to the full board. In deciding the level of r8rnunerats"on. the committee Cons￿er the cur￿ftt market d$maTrd for pupil$, tt)e fin8nCI81 strength of the School and the economic tyjdook. The key management role5 are detailed in note 12 of the accounts. COMMUNITY LINKS AND PUBLIC BENEFIT Part of the School'$ alms is to develop Invofvemenl with bcal, national and intemalional charities. Th￿ is an important Way of developing children's understanding of W￿er Society. During the school year we have collected foc* bank donations for Sevenoak5 Larder, and the ¢hildren. parents and staff worked to raise money for local charit*$ such as Friends for Families snd by donating Chrislmas gifts to the Salvation Amiy. We supported Taising tnoney for nat￿nal charities such a5 Macmillan can￿r. the Poppy Appeal and the Red Cross Appeal for Ukraine. and Inlern8tionally as we raiwj and donated f￿ndS to Ph￿NIX Football Academy in Ghana, the Haller Community charity in Kenya and We See Hope in Kenya, Malawi. Tanzania, Uganda ar￿ Zimbabwe. During each school holiday we host a variety of club$ and actiwties run by e￿ernal prowders to offer fun and challenging experienw and in holkday Childcare to all woll(ing families whether they attend our school or noL Engagemeniwlth •mployees The School is an equal opportunities employer. Full and fair Cons￿￿ration 15 given to job applications from disabla(J person5 and due Consideration is given to thwr training and empbymènt needs. Consultation with employees has continued at 811 leve15 with the aim of taking their wews into account when deosions are made that are likely to affect their interest5. The 8laff ¢oun¢il continued to be Consulted and to Contribute suggestions to the executs"ve. Page 8 SEVÈNOAKS PREPARATORY SCHOOL UMITED GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 STRUCTURE, GOVERNANCE AND ￿NAGEMENT Risk management Sev8noaks Prep School Board of governors rs responsible for the management of the risks faced by the School. Risks are identified, assess￿ and conlroL8 established Ihroughout the year. Tha full ￿sk register is rewewed annualty by the Finance and Risk sub eommittee of the Board and it 1$ a standing item on their termly agenda. The govemor8 consKJer the major potential risks to the School lo be". - A challenging economic environment adverse￿ affecting pupil numtrErs & fee level5. - Inflationary pressures on ￿rtsID costs. - CompetitKin frorD both independeni and Stale Schools for pupils. - Ensuring Safeguarding & Inspection in an increasingly regulated environment. - The threat of a specrfi¢ cyber attack on the school. - Th• continuing impact of th8 proposed imposition of VAT on $¢hod fees by future Labour GovemmenL The key controls used by the Sthcol tc rnthgate risks indud8'. Fomial agenda for Committ& and Board aclfvities. Detail8d Terms of ￿le[en￿ for all Committee5. Comprehensive strategic planning, budgeting and managemènt affountirwj. Established organisalional struc￿re and lines of reporung. Fomal wrrtten policies. Robust scrutiny of polrcies. Clear authorisation 8nd approval levels. Safer recruitment a$ required by law for the pro18ction of the vulnerab￿. Staff training. Child Prolects-on and safeguarding. Data prole¢tyon measures in piace to protect the ¢yber Security of School data includlng restriction of access aulhentrcation. the hO￿ing of back_ups and purchase of insuranc8 Through th8 risk management proc*sses established by the S¢FKX)l. the governors arg Satisfied that the major risks idenlfted have been adequately rnitigated Whe￿ necessary. It Is ￿¢09niS8d that the sy5terns can onty provide reasonable but not 8bsolute assurance that rnajor risks have been adequately managed. Bursary Policy This year the Charity awarded Bursaries of £47,546 10.86% of fee income) 2024.. £24.￿7 10.44% of fee income) from unrestricted funds. specifically the general bursary reserve. The governors. policy. in line with that of most other independent s¢hools. is lo award Butsaries on the bas6 of need. All Bursaries are rnearts tested application. A separate bursary fund ha5 been establrshed and is overseen by a subcommittee of 3 governors. the Head and the Bursar. Our aim is to bu1￿ up a fund which will support a Child attend the School. This would be over and above the fund$ alraady set asKle by the Sthool. Pension schemes The School pariieipates in th8 Teachers. Pen$lon Scheme JPSI for Its teaching Staff and an auto enrolmentscherne run by Peopks Penslons for support stsff. The TPS 15 an unfvnéed multi-employer defined benefts schwne govemad by the Teachers. Pertsion Scheme Regulations 2014 Members conbibute on a 'pay as you go. baskg with conbibuts.ons from members and the employer being credlted to the Exchwuer. Rebrement and olher pen$ions benefits a￿ papd by public funds prov*Yed by Parfiament. The employer contributrcn rat8 is set following scheme valuaty.ons undert8ken by the Govemment A¢tuarls Depathent. The current employer contribution rate for the TPS is 28 6%. Following the completion of a consultation process the govemors hav8 limited the contribution as employer5 to 20.1% from September 2022 and have Prov￿e¢ a Total Remuneration Package ITRPI which gives the option to teachers of oither remaining in tt)e TPS or joining an allernatNe defined contribution pension. For the Support Staff Pension administered by the Peoples Pension th8 employer contribu*"on was 3% the employee rale 1$ 5%. Pa9e 7 SEVENOAKS PREPARATORY SCHOOL LIMITED GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 REFERENCE AND ADMINISTRATIVE DETAILS Re9iStered Compary number 03777308 (England and Walesl Registered Charity number 1100021 Registered office Fawke Cottage Codden Green Sevenoaks Kent TN15 OJU Trusi•o$ Chairrnan- MS J S Bery VI￿ Chaim)an- K R Rush Iv1￿ Chairman from 20.11.241 Dr S Bailey R Burge5s- re8igned 07.10.25 P Cheveley- ￿igned 07.10.25 A Durb)ell Mrs T L Hornshaw C Jone$ E Oatley (Vice Chaiman to 20.11 241 Mrs A M Stuart Company Se¢￿tary A Hodgkin Auditors Azets Audit Servi￿$ R1ver Hou58 1 Maidstone Road Sidcup Keni DA14 5RH Sollcltors Thathray Wll&qm$ King5 House 3240 W￿MOre Road Brimmky Kent BR1 1RY Bankers Handelsb8nken Sevenoaks Branch 181 Floor 50-52 London Road Bligh's Meadow Sevenoaks K8nt TN13 1AS Senior Leadership Toam Headrnasler- Luke Harrison Bursar- Andrew Hodgkin Aeling Deputy Head Head of Pre-Prep- He￿n Cook A88istsnt Hesd- key s14e 31Director of Admi55ions- C&?￿ Harrison Assi51ant He8d- key stage 2- Robin Colling8 Assistant Head- key Slag8 1- Shannon Wake He8d of Early Years- Louisa Rcwland Page 8 SEVENOAKS PREPARATORY SCHOOL UMITED GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 STATEMENT OF GOVERNORS, RESPONSIBILITIES The govemots Iwho are also the dire¢tor5 of Sevenoaks Preparatory S¢1￿01 Limrted foi Ih8 purposes of company lawl r8sponsible for prepari￿ the Govemors, Report and the financial statements in accordanTr with appl￿b￿laW 8nd United ￿ngdoM Accounb"ng Standards Iunited Kingdom Generally Accepted Accounting pra¢ty.￿l induding Finandal Reporling Standard 102 Yhe Financid Reporting Standarrj applicable in the UK and Republic of I￿land, Company law requires the governors to prepa￿ financial statements for each finanoal year. Under Ihat law, the govemor5 have elected to prepare the financial statements in attordance witt) United Ki￿d0M Generally Accepted ACCOUntir￿ Pra￿￿ (United Kingdom Accountiry Standards and applicats￿ L8wl. Under c¥Jmp2ny 13W the governors m￿t nol approve the finanoal statements unless they a￿ satkSfied that they give a true and fair view of the stste of affairs of the Charitab￿ company and of the incoming resour￿ applicats.on of resoutce5. including tt)e income and expendibJre, of the charitable company for tt)ar paricd. In preparing those financial statements. the governors are required to sekct suitable accounting policies and then apply thern consistently." observe the metrods and P￿r￿1P1eS In the Charilk?s SORP.. make judgements and estimate$ that ar8 reasonable and prudent.. prepare the financial statemen15 on the goiro con￿r￿ basE unbss (( 15 inappropriate lo presL¥ne that Ihs charitsble (￿MpanY will conb.nue in business. The governors are re5pon5ible for keeping proper aecounting ￿CordS which dlsdtrse with reasonable accuracy at any time the finan¢Kg1 positson ol the ¢haritable company and to enable them to ensure that tt)e financial statements comply wEth the Cornpanies Act 2006. They are also reswsible for Safeguarding the asset5 of the charitable cornpany arKI hen￿ for taking reasonable Steps for the prevention and detection of fraud and other Irregular￿e$. In 50 far as the govemors are awarè.. there is rK) relevant 8udil infornation of which the charitab18 company's audttors are unaware," and the governors have takèn 311 steps that thèy ought to have takèn to make themselves aware of any re￿ant audit infornation and to establish that the auditors are aware of that infomiation. Approved by order of the board of govemors on.. and slgned on its behaff by.. MSJS Page 9 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SEVENOAKS PREPAFiATORY SCHOOL UMITED Opinion We have audited the finanaal statements of Sevenoaks P￿paratOry School Dmited (thè 'charitable company'l for the year endèj 31 Au9USt 2025 which comprise the State￿￿nt of Finanfyal Activities. the Balance Sheet, the Cash Flow Statement and notes to the financial stslements, including a summary of S￿nificant accounting policES. The financial reporting framework that has been appliecl in their p￿paratIOn 15 applicable law and United Kingdom Accounting Stsndar¢Js {Unit￿ Kingdom Generally A¢¢epted Accounting Practice). including Financial Reporbng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irdand.. In our opinion the financial statements.. gfve a true and fair view of the State of the charitats￿ companys affairs a5 St 31 August 2025 and of its inrxJmin9 resources and application of ￿$ou￿5, including its income and expenditure, for the year Ihen ended.. have been property p￿pared in accordan￿ with United +Qngdom Generally AcTrpted Accounting Practice. including Financial Reporting Standard 102 The Flnanrial Reporbng Stand8rd applicable in the UK and Republic of Ireland.: and have b*n prepared in accordance with the requirements of th8 Companies Act 2(MJ6. Basi$ for opinion We conducted our audrt in aGcordance with Intemational Standards on Auditing IUKI IISAS (UK)) ancl appli(able law. Our re5ponsibililiÈs under those standards are ftjrther described in thè Auditors. Esponsibilities for the audit of the financial 51atemenls section of our report We are independent of the chantabk cornpany in 8tt0rdance with the ethical requirements Ihai are relevant to our audlt of the finanual sl8tÈments In the UK. including the FRC'S Ethical Standard. and we have fuffilled our other ethKal responsibilities in a¢¢otdance with thes& reqU1￿Ments. We beI￿ve that the audit ewdence we have obtained 15 Sufficient and appropriaie to provide a basis for ouropinK>n. Conclusion5 relattng to going concern In auditing the financial statements. we have co￿lUded that the govemors, usa of the golng concètn basi% of aco)unting in Ihe preparation of the financial sialèmènts is apprOpr￿te. Based on the work we have perforrn￿. we have not idèntified any material un(*rtaintie5 relating to events or ¢ondibor that indivbjualty ¢r CO1￿ctive1y, may cast significant doubt on the charitsb￿ ￿rnPanyS ability to continuè a5 8 going concem for a period of at least ttvelve monihs trotn when the financial statements are authorised for i$5ue. Our responsibilities and Y)e responsibilities of the govemt>r5 With re5P8Ct lo going Ctrn￿rn are descriW In the relevant sections of this report. (X￿r Infomiauon The govemots art rèsponsib￿ for the other informahon. The other infomation comprises the information included in the Annual Report, Olher than the financial Statements and our Report of the Independent Auditors th8reon. Our oplnion on th8 financial State￿ents does not cover th8 other Infomation and. exceptto the extent ctherwise explicitly stated in our report we do not express any form of assurance conclusion thereon. In connection with our audlt of the financial staternents. cKJr responsibil'ty is to read the other information and. in doing so, consider whether other infom)ation i8 materially inconsistent with the financial slalements or our knowledge obtained in the aL￿1t or othemise appears to be materially misstated. If we ￿entify suth material inconskslenci8s or apparent material misstatements. we are required to detemiine whether thk5 gives rise to a material rnisststemenl in the financial statements thernselves. If. based on the work we have performed. we Conclude that there is a material misststsment of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Cornpanles Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the infomiation given in the Govemors. Report for the finan￿al year for which the finanaal statements are prepared k5 consistent with the financial statements". and the Governor5, Report has been p￿pared in accordance with app￿¢?b￿ kgal r4uIr8￿￿nts. Mattèrs on which wè a￿ ￿QUIred to report by exceptlon In the light of the knowledge and understanding of the charitsble company and its environment obtained in the o)urse of the audit. we have not identrfied materlal misstatsrn8nts in the Govemors, Report. We have noY)ing to ￿port in respect of the following matter5 bvhere the Companies Ad 2(N)6 requires us to report to you if, in our opinion.. adequ3te accounting reeords have not been k8Pt or returns adequaie for our audit have not been receDi8d frem branches not V18ited by us." or the financial statements are not in agreement with tt)e accounting records and ￿tUrnS.. or rtain disclosures of govemots, remuneration 5pecrfEd by law are not made." or we have nol receried all Ihe infomatson and explanations we ￿QUI￿ for our audiL or the governors were not entllled to take advantage of the small companies exemption trom Ihe requirement to prepare a StrStsg￿ Report or in preparing the govemors. Report. P8ge 10 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SEVENOAKS PREPARATORY SCHOOL LIMITED Responsibilities of 9ovemors As explained rn¢￿ fully in the Statement of Govemor5' Responsibilities. the govemors (who are also the directors of the Charitab￿ company for the putpose5 of company lawl are r8sponsible for the p￿paratIOn of the financial statsments #r for being satisfied that they give a true and fa1r VEW. and for such internal control as the governors deletmine i necessary lo enable the preparation of financial 5taternents that are free fr¢Kn material misstatèmenL whether due lo fraud or error. In preparing the finanual Ststements. the governor5 are responsible for assessing the tharilabla company's ability to ¢onlinue as a going concern. disclosing, as applicable. matters ￿Latsd to going concern and using the going concern basis of accounting unless the governors eiY)er Intend to 14uidate thè Charitab￿ company or to cease operations. or have no realistic alternative but to do so. Our responsibilities for audit of the financlal statements Our obje¢bves a￿ to obtain reasonable assuranc* about wheiher the financ￿1 Statements as a whole are free from material misststernent. whether due lo fraud Dr error. and to issue a Report of the Independent Auditors that indudes our opinion. Reasonable assurance is a high level of a55urance. but is not a guarantee Ihal an audit conducted in accordance with ISAS IUKI will a￿ayS detect a material misslalement when it e¥ists. Mi5Statam&nts can arise from fraud or e￿Or and are Conside￿ tnaterial if, individually or in the aggregate. they could reasonably be expected to infiuence the economi¢ decisions of user5 taken on the basi$ of these financial Statements. The extent lo which our procedures are capable of delecling irregularities. including fraud is detalled below". o Enquiry of management an¢ those charged with governanr* around actual and potential lit￿jatIon and ¢taims a5 well as actual. suspeded and alleged fraud.. o RevEwing rninutes of meetings of those charg$d with governan￿.. o Assessing the èxtent of compliance with the 18w$ and regulatlons considered trj have a direct material effect on the financial ststements or the operations Ot the Company through enquiry and inspection.. o Reviewing financial statement disd05ure5 and testing lo SuppO￿n9 docurn8ntatron io asse$8 ￿mpli8n¢e with applicable laws and ￿gUlatiOns". o Performing audit work over the risk of mènagement bias and override of controls. in¢lJding testing of journal entries and other adjuslments for appropriateness. evaluating the business rationale of S￿nIficant trar6actions outside the nomial course of business and revwing accounting estimates for indicators of potential bias. Because of the ￿nhe￿nI limitations of an audit, there Is a rfsk that we will not deieet all irregularities. including those leading to a material tTTrisststement in the finanual ststements or nonns website. Under the definitions Sel out in FRS 102. the TPS is an unfunded multi-employer pension stheme. The Charity has aCr￿Unted for its contributons to th0 scheme as if It were a d8fined conthbutK)n 5theme. Gov8rnment penslon scheme The Charity pays pensK)n contributions io into defined contribution penslon schemes for those ernployees who do nol p8rtscipate in the TPS. The amount recognised as an exppnse in the year wa5 £113.152 12024." £124.4571. The amount owed lo the pension Schemes at the year end was £5,98212024". £20,274). RELATED PARTY DISCLOSURES There were no related paty trans￿tIonS for the year ended 31 August 2025. Page 28