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← Muntham House School

2025-08-31-accounts

Charity Registration No. 1105085

Company Registration No. 05063879 (England and Wales)

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT AND CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) CONTENTS

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Page
Governors’ report (incorporating the Strategic Report) 1
Statement of Governors’ responsibilities 12
Independent auditors' report 13
Consolidated statement offinancial activities 17
Summary income and expenditure account 18
Consolidated balance sheet 19
School balance sheet 20
Cash flow statement 21
Notestotheaccounts 22

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Oo

INTRODUCTION

There have been several changes to the Muntham House board of governors this year. During the year, we were joined by Emma Castle as a parent governor, as well as Paul Dungate and Rima Bist, who bring experience respectively in law and education. At the end of the year, we said farewell to our former chair, John Knightley, as well as to vice-chair Tracey Kirk, Martin Fuller, Michelle Wright and Dr Steve Fisher. Non-teaching staff governor Angie Luff also stepped down at the end of the year on retiring from employment and, following an election in the autumn term, was replaced by Lisa Welling.

There have been some changes to the number and nature of governors’ meetings. We now have three committees: Resources, Education, and Care & Welfare; each of which meets twice a term. The whole board meets once a term to receive reports from the committees, the Principal and the Finance Manager; to discuss and agree policies; and to consider strategic and oversight matters. We also hold an annual strategic planning day with the school’s senior management team, the first of which was in February 2025. This gave us the opportunity to explore longer-term development options for Muntham House, bearing in mind the opportunities presented by the increasing need for the sort of special needs education we provide, whilst being mindful of local and national political uncertainties. Governors visit the school on many other occasions to meet with staff, pupils, and parents. In my first full year as chair, | was able to spend time with each of the five assistant heads, meeting their teams and seeing their great work with our boys in action. | was also made welcome at the Therapy Centre and was particularly pleased to be invited to dine with boys in two of the boarding houses. Governors have also attended inset days, sporting events and end of term performances.

Development of the school premises has continued apace to accommodate our increasing pupi] numbers. During the year, the programme of refurbishment of the boarding house bathrooms was completed. And, during the summer holidays, three major projects were carried out: replacement of flat roofing and cladding on the main classroom block, the completion of the Muntham College (post-16) dedicated classrooms, and the construction of the Muntham Café. The latter is a facility for whole school use, which is run predominantly by Muntham College boys gaining their catering skills experience.

As the school role has grown, so have staff numbers, and this year we were pleased to welcome Cate Wilson as Head of Human Resources to manage our increasingly large staff team in the way now expected of the modern educational sector.

The Governors would like to thank Harry Anderson, Andrew Barnes and the rest of our staff team for their excellent stewardship of the school this year, as evidenced by the impressive examination results achieved by our boys this summer, the maintenance of our Ofsted ‘outstanding’ grade for our boarding provision, the year's highly satisfactory financial outcome (which has enabled the estate developments described above), and the fact that visitors to the school, who this year included John Milne MP, always leave greatly impressed.

Mike Kipling, Chair of Governors

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 eee

PRINCIPAL’S REPORT

This year has been another positive year for Muntham House School in which we have continued to provide the best possible education and care to our pupils. The school has increased in pupil numbers from 125 to 142 during this past academic year. This increase in pupil numbers has required an increase in staffing and additional school facilities.

Facilities The school facilities and continued to be improved and developed across both the education side and the care side of the school. We have replaced bathrooms and toilets on two of the residential floors. This has helped with the Hygiene aspect encouraging pupils to shower every day.

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The Muntham college has opened enabling us to extend our offer for Post 16 education. A new facility has been
provided for our pupils to focus and develop on their chosen areas in preparation for future employment. Pupils can
now Study BTEC at level 1, 2 and 3 in the following vocational areas: Construction, Mechanics, Sport, E-Sports, Music
and Food Technology. This new initiative places the school in an ideal position ready for the release of the White
paper which will focus on preparation for employment and vocational courses.
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A new Muntham Café has enabled the Post 16 pupils to be involved in a Young Enterprise project of ruining their own
business, Pupils have been involved in preparing the food, serving the food and drinks at break and lunch times. Each
pupil has an official job title and role within the business, then they will each get a share in whatever profit has made
at the end of the school year. This has provided the pupils with valuable opportunity to learn new skills and to obtain
further qualification in Food Hygiene, Food preparation and Barista courses which will help them further in preparation
for employment.
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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Sn

Ofsted

The school had it’s annual Social Care Inspection in January 2025 and received another ‘Outstanding’ grading. This is the sixth consecutive outstanding grading to be awarded to the school. The report contained positive comments about the pupils, staff and the school. For example: ‘Staff deliver care and support that transforms the lives of the children and their families’. Ofsted 2025

Outcomes

The GCSE and BTEC examination results this year, were the most successful in the history of the school. We managed to maintain our 100% pass rate in all examinations taken at the school. All pupils achieved merits and some distinctions in their BTEC passes. Over 50% of our pupils achieved a level 4 or above in both English and Maths at GCSE. Some pupils achieved level 6’s in certain subjects, one pupil actually managed to achieve a grade 7. This is all truly remarkable when one considers the starting point of these pupils when they joined the school, most had failed their primary SATs meaning that they were not predicted to be able to take any GCSE examinations during secondary education.

Every pupil who left the school! last year went on to either further training, college or full-time employment. This continues the 0% figure of any NEET’s (Not in Employment, Education or Training) which the school has maintained for the past 5 years, which is very unusual for Special Education schools. This is even more impressive, when considered against the figures published by the National Autistic Society that nationally, only 22% of autistic adults are in some kind of employment.

Quality in Careers Mark

The school recently managed to successfully obtain our reaccreditation for the Quality in Careers Award. This is in recognition for the high Jevel of support which our pupils are provided with in the area of Careers and Work Experience. This high level of consistent support is necessary to help our pupils become employable and get jobs once they leave school.

Outreach and Inclusion

The school has continued to provide outreach four local secondary schools at no cost. Each school is provided with 4 spaces every half term for their most complex and challenging pupils to come and receive Therapy or Counselling at Muntham House School delivered by our qualified Therapists. This Outreach service has also been provided to local primary schools, again at no cost to any of the schools.

Local schools were invited to come and sing and perform against pupils from other schools in our very own Battle of the bands. The competition was attended by 6 other special schools and judged by a mixed independent panel to decide the winning school. This year the event was won by New Barn School, who went to recording studio to record their song as their prize.

The regional Football competition involving 7 other local schools who participated in the regional southern competition held at Muntham House School, other regional events were held in the Northern region and the Midlands region. The winning schools from each region go on to participate in the National finals at the home of English Football, St Georges Park in Staffordshire. This event is fully sponsored meaning that all schools participating will be provided with an experience of playing and staying at St Georges Park, which will provide life-long memories for the pupils lucky enough to be taking part.

The school was successful in maintaining our status as a Centre of Excellence for Inclusion. This in recognition of our consistent inclusive work in supporting local primary and secondary schools. This award requires the school to support other schools from across the South of England, attending regular collaborative meetings about inclusion. There is currently only one other special school in the whole of west Sussex who have achieved this status as a Centre of Excellence for Inclusion.

Harry Anderson, Principal

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 a

STRUCTURE, GOVERNANCE AND MANAGEMENT

GOVERNORS, OFFICERS AND ADVISERS

For management and administrative purposes, the Trustees are constituted as a Body of Governors who conduct and manage the school in accordance with the provisions of the Memorandum and Articles of Association.

The following are the members of sub-committees as at 31st August 2025 * denotes Chairman of each sub committee

Resources

Care & Welfare

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 cs

OFFICERS
Principal
Head of Finance		 /Company Secretary HarryAnderson
Daniel Jones
Other members ofthe Senior Management Team
Head of Education Andrew Barnes
Head ofCare Laurence Clayton
ADVISERS
Auditors TCGroup, TheCourtyard, Shoreham Road,
Upper Beeding, Steyning, West Sussex, BN44 3TN
Bankers LloydsTSB Bank, 37 High Street, Billingshurst, WestSussex,RH149PS
Solicitors Charles Russell LLP, Buryfields House, Buryfields,
Guildford, Surrey, GU24AZ
insurance Brokers Assured Partners, 11 Brindley Place,
2BrunswickSquare,Birmingham,B12LP

The Muntham House School Governors and Directors present their annual report (including the Strategic Report) for the year ended 31 August 2025 together with the consolidated accounts for the charity.

The accounts comply with the requirements of the Companies Act 2006, the Charities Act 2011, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019}.

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 eee

REFERENCE AND ADMINISTRATIVE INFORMATION

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Charity|Number|1105085| |Company|Number|05063879| |DCSF|Number|938/7003| |OFSTED|Number|126154| |Registered|Address|Barns|Green,|Horsham,|West|Sussex,|RH13|ONJ| |Status|of School|Residential|non-maintained|special|school|complying|with|the|requirements|of the| |Department|of|Education|under the|Education|Act|1981.|

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Governors and Executive Officers are as listed on pages 4 and 5. Particulars of the Charity’s Professional Advisers are given on page 6.

The school holds approval as a non-maintained special school within the meaning of the relevant Education Acts including the 2008 regulations.

The school is registered to accommodate some 122 children ranging from key stage one to key stage four. The school has a separate Post 16 unit which can accommodate 6 boarders and also has provision for day students. The school has a wide range of educational and recreational facilities, and provides a high staff to pupil ratio.

Children are referred to the school by a number of local authorities listed by the size of the cohort from each authority:-

West Sussex County Council

Surrey County Council Essex County Council Hampshire County Council The Royal Borough of Kingston upon Thames The London Borough of Enfield The London Borough of Richmond & Wandsworth Brighton & Hove City Council The London Borough of Croydon The London Borough of Merton

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 i

GOVERNING DOCUMENTS

Muntham House School was founded in 1953 by the then Ministry of Education and National Foundation for Educational Research and is registered as a charity under number 306352. The school was incorporated in 2004. The School is governed by its Articles of Association which were reviewed and updated at the July 2025 Full Board meeting.

GOVERNING BODY

Details of the Governing Body and its constituent sub-committees are shown on pages 6-7.

RECRUITMENT AND TRAINING OF GOVERNORS

The Charity’s elected Governors are appointed at a meeting of the Board on the basis of: eligibility, personal competence, specialist skills and local availability. There is one Teaching Staff Governor representative and one Nonteaching Staff Governor representative, both elected by fellow staff members. One Governor represents Parents/Carers of boys at the School and another is approved by West Sussex LEA. New Governors are inducted into the workings of the Charity, including Board Policy and Procedures by a mentoring process supervised by the Chairman. Strategic planning sessions are held on a regular basis, and Trustee Training from external organisations is available to all Governors. POLICY FOR SETTING PAY FOR SENIOR MANAGEMENT TEAM Muntham House School has non-maintained status although we do follow the protocols on pay which are agreed for mainstream special schools. In this they implement the nationally agreed pay and conditions policies annually updated by the DfE. With regard to ancillary workers the school follows the pay guidelines from the National Joint Council. Its application to senior managers is the same therefore as mainstream practice and is negotiated through national performance management processes and professional responsibility grades within the agreed national pay policy frameworks.

ORGANISATIONAL MANAGEMENT

Muntham House School Governors, as the trustees of the Charity, are legally responsible for the overall management and control of the School and meet at Jeast four times a year. The work of implementing most of their policies is carried out by through various sub-committees which normally meet twice each term. In addition the Resource Committee examine budgets, audited accounts and the annual report prior to recommendation to, and approval by, the full Board. The day to day running of the School is delegated to the Principal supported by a Senior Leadership Team.. The Principal or a member of the Senior Leadership Team attends meetings of all committees.

GROUP STRUCTURE AND RELATIONSHIPS

The Charity is the trustee of Muntham House School Trust a subsidiary charity (No: 1105085 -1) and, as such, holds the title to land and buildings valued at £1.65 million as an endowment fund. All of the other assets of Muntham House School Trust were transferred to Muntham House School on 1 April 2004. The Charity had a wholly owned non-charitable subsidiary, Muntham House Enterprises Limited. This company has been inactive since 2018 and is now closed.

Muntham House School actively supports the attainment of the highest standards in the Non Maintained Special Schools sector, partly through networking with other special schools and partly through peer group studies for the evaluation of quality and improvement methods. We also interact with many local organisations and mainstream schools in our ongoing endeavours to widen public access to the expertise that we can provide in the field of Behaviour Management.

RISK MANAGEMENT — INCLUDING PRINCIPLE RISKS AND UNCERTAINTIES

The Board of Governors is responsible for the management of the risks faced by the School. Detailed considerations of risk are considered by all Governors assisted by the Principal and Senior Management Team of the School. Risks are identified, assessed and controls established throughout the year with a formal review of the Charity’s risk management processes undertaken on an annual basis.

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

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Governors are satisfied that the major risks identified through the risk management processes have been adequately managed where necessary, whilst recognising that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

The Governors consider the principal risks and uncertainties facing the school and plot them on a matrix against impact and likelihood in a process owned by the Finance Committee of the Board.

The latest risk matrix is presented below:

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MHS Risk Matrix— May 2025 MUNTHAMHOUSE Cii001.
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Low Impact High Impact
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For each a risk mitigation plan is in place and the matrix reviewed twice per year.

There has beena lot of informed speculation about the SEND White paper due in early 2026 will have, particularly about greater inclusion within SEND education. This is broadiy expected to be more education in mainstream settings but is not expected to be significantly negative for Non Maintained Special schools like Muntham, which will continue to have a critical and long term role in providing education. The possible introduction of a profit cap on the sector should not impact as we are a charity school and any surplus each year is reinvested into the school and pupil facitities. Prudent management of school resources remains critical to keeping fees charged to authorities to a minimum.

Monitoring and planning for these is part of the school risk management approach.

Whistle blowing policy

This policy outlines the school’s commitment to tackling fraud and other forms of malpractice and treats this issue seriously. The school recognises that some concerns may be sensitive and has therefore developed a system which allows for confidential raising of concerns within the school environment.

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 ONA

OBJECTIVES AND ACTIVITIES

SAFE CARING HAPPY

CHARITABLE OBJECTIVES

Muntham House School supports young people with challenging behaviours linked to Autism, ADHD, Mental and Emotional Health. Our safe, caring and happy community works with families and local services to improve the quality of life for these remarkable young people and their families.

The school has the equivalent of 113 full time staff (2024 — 117) in teaching, care, administrative and ancillary positions and an exit level of 116 FTE (123 headcount). More agency staff have been used, particularly in Learning Support Assistant roles, to support the permanent staff team.

ACTIVITIES FOR THE YEAR

There was a continuation of the expansion across school in 2024-25. This was in terms of both boys, staff and facilities. The numbers on roll are at a record high as is the number of staff employed (permanent and agency) as we maintain a high staff to pupil ratio so as not to dilute the quality of the education and care we provide, even as the school grows. This has also required more physical capacity and seen the creation of additional classroom space and a construction workshop in our Post 16 unit. We have also completed the building of[a][ Café][ to][ be][ managed][by][ pupils][studying][ BTECs] in Catering and Food Technology in Post 16.

The year also saw the expansion of our Outreach Therapy programme from local secondary schools to now also include primary schools and the feedback and measurable impact of this has been tremendous.

Care remains an integral part of the school despite the challenges in agreeing placements. As part of our commitment to this we have upgraded bathroom facilities on two of the residential floors on site.

OBJECTIVES FOR THE COMING YEAR

2025-26 will be another busy year for the school as we plan to continue to invest in both the number and quality of the facilities we have on site. At the core of this will be the building of further space to accommodate boys at KS1 which will necessitate expansion at KS2 the following year to bring boys up through the school.

From September 2025 we are also introducing a new programme (Pathways) for KS4 boys who struggle to learn even in the small classroom sizes that the school operates with. A more bespoke approach will be taken with these boys to both meet their needs and provide their education.

STRATEGIES TO ACHIEVE THE YEAR’S OBJECTIVES

In January 2025 the Governors held a Strategy Day and identified the long term direction of the school and a five year vision. Based on this every year we plan our strategies to achieve our aims through the School Implementation Plan (SIP). This plan provides a description of developing assets and provision to meet the needs of the school’s mission, based on our long term aims which are to match, or better, local and national provision for students with social, emotional and mental health difficulties (SEMH), and become the centre of expertise for the region in such provision. The SIP is a year on year action policy to achieve the twin strategic aims of the school community.

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ENVIRONMENT[Eco-Schools] RY

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 eee

Over the coming years it is planned to grow this section of the report as Environmental impacts become a more and more critical and integrated part of the strategy of the school,

UtilityCO2 output(kg) Sept22—Aug23 Sept23-Aug24 Sept24—Aug 25
Electricity 74,189 79,550 77,904
OTAL 101,067 108,675 105,996
IntensityCO2kg/Boy 902.4 876.4 815.35

Carbon efficiency has increased year on year in the school driven mainly by the expanding number of boys in school. increasingly carbon considerations are being incorporated into decision making. The school has started to work with Let's Go Zero on a school wide plan to identify more carbon reduction opportunities. PUBLIC BENEFIT

The trustees have had due regard to guidance published by the Charity Commission on public benefit.

The school aims to meet the special educational needs of boys (ranging from key stage one to key stage five) who have emotional, behavioural and social difficulties.

Muntham House School is recognised as a leader in the field of Special Needs Education (Behavioural and Social Difficulties), and, as such, provides high quality education and care to boys referred by Local Education Authorities (listed on page 6); and gives support to their families and carers.

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

Muntham House’s principal funding comes from fees charged to Local Education Authorities and from grants from the DfE. Charitable donations and Grants make up the other saurces of income with a small contribution from grants and donations made to the school, lettings and investment income.

This year we are grateful to the continuing support of Belmer Rush Foundation Trust who support the school every year and allow so many new facilities for our boys to be supported. For this year the money was used to allow the building of the Muntham Café. There were 130 boys on roll at the end of the financial year (compared to 124 the prior year) with further expansion in the school capacity through the Muntham college additional spaces.

The financial results for the year show a net surplus of £508,700.

RESERVES POLICY

The School Governors have set a Reserves policy which operates with a maximum level of reserves (based on the cost of closing the school’s liabilities with the exception of LGPS exit liabilities in a worst case scenario) and a minimum level of reserves (based on operating with no income for a period of six months).

At the end of the year the following reserves were held: Endowment reserves made up of land and buildings with a gross value of £1,650,000 less accumulated depreciation of £225,345, a net of £1,424,655 which is held in the subsidiary charity Muntham House School Trust (charity number 1105085-1)

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

No Designated reserves are set aside at the current time.

Restricted reserves stood at £32,746 (2024: £66,175) made up of un-spent PE and Post 16 Bursary Grants from the DfE carried over the year end as these are paid on a financial year basis and not an academic year basis.

Free reserves rose to £3,558,233 (£3,015,063 in prior year) of which £3,382,288 is attributable to the school and £175,945 to the Muntham House School Trust. This represents 86% of the maximum reserves and 117% of the minimum reserves.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the governors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company’s auditors are unaware, and each governor has taken all the steps that they ought to have taken as a governor in order to make themselves aware of any relevant audit information and to establish that the company’s auditors are aware of that information.

POST BALANCE SHEET EVENT

No events of significance to report post the balance sheet date.

This report, including the Strategic Report, was approved by the board of Governors of Muntham House School and signed on their behalf by:

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Signed man M Kipling, Governor
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Signed Game J Copeland, Governor
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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) STATEMENT OF GOVERNORS' RESPONSIBILITIES

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The Governors, who are also the directors of Muntham House School for the purpose of company law, are responsible for preparing the Governors’ Report (incorporating the Strategic Report) and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice),

Company law requires the Governors to prepare accounts for each financial period which give a true and fair view of the state of affairs of the charity and group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company and the group for that period.

in preparing these accounts, the Governors are required to:

The Governors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and the group and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MUNTHAM HOUSE SCHOOL

Opinion

We have audited the financial statements of Muntham House School for the year ended 31 August 2025 on pages 17 to 34. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The governors are responsible for the other information. The other information comprises the information included in the governors’ annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MUNTHAM HOUSE SCHOOL

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors’ report.

We have nothing fo report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of governors

As explained more fully in the governors’ responsibilities statement set out on page 12, the governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the governors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the governors are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: https:/Avww.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standardsand-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor's report.

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MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MUNTHAM HOUSE SCHOOL ee Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

| | | | | | | | | |

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with ail laws and regulations.

rr

15

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MUNTHAM HOUSE SCHOOL

Use of our report

This report is made solely to the group or charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

==> picture [113 x 29] intentionally omitted <==

----- Start of picture text -----
TC On)
----- End of picture text -----

Mark Cummins FCCA (Senior Statutory Auditor) for and on behalf of TC Group Statutory Auditors Office: Steyning, West Sussex

Dated:. 92 Feo ony CA/26

16

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

See

==> picture [559 x 323] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Designated|=|Restricted|Endowment|Total|Total| |funds|funds|funds|funds|2025|2024| |£|£|£|£|£|£| |Notes| |Income|from:| |Donations|6|2,335|-|87,983|-|90,318|28,675| |Investment income|7|116,113|-|-|-|116,113|114,003| |Charitable|activities|8|7,649,380|-|486,357|-|8,135,737|7,264,332| |Total|income|7,767,828|-|574,340|-|8,342,168|7,407,010| |Expenditure|on:|-| |Charitable|activities|7,039,199|170,000|607,769|16,500|7,833,468|7,238,660| |Total|expenditure|9|7,039,199|170,000|607,769|16,500|7,833,468|7,238,660| |ReSe enemoverient|In|728,629|(170,000)|(33,429)|(16,500)|508,700|168,350| |ae|ea Pember|5,893,404|170,000|66,175|1,441,155|—=«°7,570,734|~—=—«7,402,384| |Sods eee|St|august|6,622,033|:|32,746|1,424,655|«8,079,434|~—=|7,570,734| |Surplus|attributable to school to school school|‘|525,200|184,850|

----- End of picture text -----

Surplus attributable to school to school school

All of the group's activities other than those identified above are classified as continuing. There are no recognised gains or losses other than those reported on the Statement of Financial Activities.

a

17

MUNTHAM HOUSE SCHOOL

(LIMITED BY GUARANTEE) SUMMARY INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

a

==> picture [480 x 85] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Gross|income|8,342,168|7,407,010| |Total|expenditure|from|income|funds|(7,816,968)|(7,222,160)| |Net|income|for the|period|/ year|525,200|184,850|

----- End of picture text -----

The summary income and expenditure account is derived from the statement of financial activities on page 19 which, together with the notes on pages 22 to 34, provides full information on the movements during the period on all funds of the charity.

eS

18

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) CONSOLIDATED BALANCE SHEET

AS AT 31 AUGUST 2025

==> picture [471 x 628] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |TT| |31|August|31|August| |Notes|2025|2024| |¢|¢|£|£| |Fixed|assets| |Tangible|assets|12|4,488,455|4,319,496| |Investments|13|1,618,277|1,069,897| |6,106,732|5,389,393| |Current|assets| |Stocks|9,006|6,435| |Debtors|14|736,720|95,444| |Cash|at|bank and|in hand|4,703,559|2,594,508| |5,449,285|2,696,387| |Creditors:|amounts|falling due within|one year|= 15|(3,476,583)|(515,046)| |Net current assets|1,972,702|2,181,341| |Total|assets|less|current|liabilities|8,079,434|7,570,734| |Total|net assets|8,079,434|7,570,734| |Capital|funds| |Endowment funds|19|1,424,655|1,441,155| |Income|funds| |Restricted|funds|18|32,746|66,175| |Unrestricted|funds:| |Designated|funds|20|-|170,000| |Revaluation|reserve|(Property)|20|182,045|182,045| |Other|charitable|funds|20|6,439,988|5,711,359| |6,654,779|6,129,579| |8,079,434|7,570,734| |The|accounts|were|approved|by the|Board|on,|3ad Anne|Co $| |M Kipling aA|an|

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Company Registration No. 05063879

TT

19

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) SCHOOL BALANCE SHEET

AS AT 31 AUGUST 2025

AS AT 31 AUGUST 2025AT 31 AUGUST 202531 AUGUST 2025AUGUST 20252025
a
31 August 31 August
Notes £ 2025
¢		 ¢ 2024
£
Fixed assets
Tangibleassets 12 3,063,800 2,878,341
Investments 13 1,618,277 1,069,897
4,682,077 3,948,238
Current assets
Stocks 9,006 6,435
Debtors 14 736,720 95,444
Cash atbankand in hand 4,703,559 2,594,508
5,449,285 2,696,387
Creditors: amounts fallingduewithin oneyear 15 (3,476,583} (515,046)
Netcurrentassets 1,972,702 2,181,341
Total assets less current liabilities 6,654,779 6,129,579
Total netassets 6,654,779 6,129,579
Income funds
Restrictedfunds 18 32,746 66,175
Unrestricted funds: 20
Designated funds - 170,000
Othercharitablefunds 6,622,033 5,893,404
6,654,779 6,129,579

The accounts were approved by the Board on seJanney UR 6

Company Registration No. 05063879

OTTee

20

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

cs

31 August
2025		 31 August
2024
Notes £ £ £ £
Cash flows from operating activities
Netincomefortheyear 508,700 168,350
Adjustments for:
Depreciation oftangiblefixed assets		 12 254,973 261,832
Losson disposal offixed assets 12 80,063 -
Fixed assetVAT adjustment 12 108,503 -
Investmentincome (116,113) (114,003)
Decrease/(increase) instocks
Decrease indebtors		 14 (2,571)
(641,276)		 1,044
100,283
(Decrease)/increase in creditors 15 2,961,537 3,153,816 (186,013) 231,490
Cash flows from investing activities:
Investmentincome 7 116,113 114,003
Purchase/movement ofinvesiments 13 (548,380) (69,897)
Disposal oftangiblefixedassets 12 8,667 2,163
Purchase oftangible fixed assets 12 (621,165) (153,255)
Netcashprovidedby/(used in) (1,044,765) moe)
investing activities
Change in cash and cash equivalents 2.109.051
anon		 424.504
,
in the year
Cash and cash equivalents atthe 2,594,508 2,470,004
beginning ofthe year
Cash and cash equivalents atthe end 4,703,559 2,594,508
ofthe year
Analysis of cash and cash
equivalents		 At 1 September
2024		 Cash flow Non-cash
changes		 At 31 August
2025
£ £ £ £
Cash at bank and in hand 2,594,508 2,109,051 - 4,703,559
2,594,508 2,109,051 - 4,703,559

a_ TT 21

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 ass sss. 1 Statutory information Munitham House School is a charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found in the Governors’ Report.

2 Accounting policies

2.1 Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) — (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

Muntham House Schoo! meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. There are no material uncertainties about Muntham House School's ability to continue as a going concern.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Local authority fees and other income are included in the period in which the service is provided.

Investment income is accounted for when receivable.

Grants are credited to the Statement of Financial Activities in the period in which they are receivable unless a grant is subject to donor-imposed conditions that specify the time period in which the expenditure of the resources can take place; in which case they are deferred.

2.4 Expenditure Expenditure is accounted for on an accrual's basis with the irrecoverable element of VAT included with the item to which it relates.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. These are included in support costs.

Ail costs are allocated between expenditure categories and departments on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly.

ooeeea sss 22

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

2 Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Freehold|land|is|not|depreciated| |Assets|currently|under|construction|are|not|depreciated.| |Freehold|buildings|1%,|2.5%|and|5%|straight|line| |Plant|and|machinery|10%|and|25%|straight|line| |Fixtures,|fittings|&|equipment|Between|7.5%|and|33.33%|straight|line| |Motor vehicles|33.33%|straight|line|

----- End of picture text -----

The freehold land and buildings were professionally valued in May 1997. The fair value was determined to be £1.65m which was incorporated into the accounts for the period ended 31 August 1997 and produced an increase in value of £365,000. The charity has adopted the transitional provisions of FRS 102 to continue to treat this value as the deemed cost.

The value of the Freehold Land not depreciated is £330,000.

Items for educational purposes for pupils to assist with learning are not considered to be of a capital nature and are written off to the Statement of Financial Activities. Other non-educational items of capital expenditure up to £1,000 are written off to the Statement of Financial Activities.

2.6 Leasing and hire purchase commitments Rentals payable under operating leases are charged against income on a straight line basis over the period of the lease.

2.7 Investments Fixed asset investments are stated at fair value, except investments in subsidiary undertakings which are stated at cost. 2.8 Taxation Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Financial Activities, except to the extent that it relates to items recognised in other comprehensive income. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.9 Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

23

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

2 Accounting policies (continued)

2.11 Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments. The Governors seek to use short and medium-term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

2.13 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Teaching staff are members of the Teachers’ Pension Scheme (TPS), a defined benefit scheme administered by the Teachers’ Pension Agency. Contributions to the Scheme are charged to the Statement of Financial Activities as they fall due. The Teachers’ Pension Scheme is an unfunded scheme. Contributions on a “pay as you go” basis are credited to the exchequer under arrangements governed by the Superannuation Act 1972. Actuarial valuations are carried out on a notional set of investments. Under the definitions set out in Financial Reporting Standard 102, the Teachers’ Pension Scheme is a multi-employer pension scheme. The charity is unable to identify its share of the underlying (notional} assets and liabilities of the scheme. Accordingly, under Financial Reporting Standard 102 the scheme is accounted for as if it were a defined contributions scheme.

The charity also contributes to personal pension schemes for non-teaching staff, including the Local Government Pension Scheme (LGPS) administered by West Sussex County Council. The charity is able to identify its share of the underlying (notional) assets and liabilities as detailed in note 17.

2.15 Fund accounting

Funds held by the charity are either:

Unrestricted general funds — these are funds which can be used in accordance with the charitable objects at the discretion of the governors.

Designated funds — these are funds set aside by the governors out of unrestricted general funds for specific future purposes or projects.

Restricted funds — these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Endowment funds - these are land and building funds which cannot be sold without the prior consent of the Charity Commission, further details of which can be found in note 19.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

24

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

a

2 Accounting policies (continued)

2.16 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The governors do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.

3 Turnover The turnover of the charity is wholly attributable to the objectives of the charity as stated in the Governors’ Report and is earned entirely in the UK.

==> picture [444 x 107] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |This|is|stated|after|charging:|2025|2024| |£|£| |Operating|leases — equipment|2,650|2,855| |Depreciation|254,973|261,831| |Auditors|remuneration|(group):| |Audit fees — charity|43,100|15,900| |Stock expensed|/ (purchased)|(2,571)|4,041|

----- End of picture text -----

5 Taxation The charitable company is registered as a charity and all of its income falls within the exemptions under Part 11 of the Corporation Tax Act 2010.

6 Income from donations

==> picture [459 x 179] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted| |funds|funds|Total|2025|Total|2024| |£|£|£|£| |Donations|and|gifts|2,335|87,983|90,318|28,675| |Donations|and|gifts| |Unrestricted|funds:|-|2,335|1,339|_| |Restricted|funds:| |William|Belmer|Rush|Foundation|50,836|24,629| |HDC|-|1,872| |Other|37,147|835| |87,983|27,336|

----- End of picture text -----

a 25

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

2025 2024
£ £
Interest receivable 67,733 44,106
Gilt interest receivable 48,380 69,897
Income from charitable activities
2025 2024
Main school fees £
6,875,389		 £
6,251,039
EEU fees 853,274 683,800
County Assistance — restricted income 390,199 317,584
Less bursaries (22,570) (22,574)
Netschoolfees "8,096,292 7,229,849
Bursaries and awards from restricted funds 22,570 22,574
Rental income 1,560 11,189
Other income 15,315 720
8,135,737 7,264,332
Expenditure
Staffcosts Depreciation Othercosts Total 2025 Total 2024
£ £ £ £ £
Charitable activities
Education
Education costs 4,168,569 81,215 521,821 4,771,605 4,521,888
Care costs 705,653 - 124,979 830,632 772,799
Premises costs 220,039 146,868 355,275 722,182 779,380
Support costs 556,597 26,890 910,742 1,494,229 1,140,591
Bursaries from restricted funds - - 14,820 14,820 24,002
Total Expenditure 5,650,858 254,973 1,927,637 7,833,468 7,238,660
Analysis ofsupport costs (including Governancecosts) costs) 2025 2024
£ £
Wages and salaries 556,597 545,149
Legaland professional 434,040 183,689
General officeand administration 418,162 316,795
Vehicle and travel 72,330 79,058
Governance costs:
Audit fees 13,100 15,900
4,494,229 1,140,591

8 Income from charitable activities

9 Expenditure

26

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

a5s MO

10 Governors

None of the Governors (or any persons connected with them) received any remuneration during the year or received any reimbursement of expenditure for their services as Governors.

11 Employees

Number of employees

The average monthly headcount was 124 staff (2024: 124 staff) and the average monthly number of full time equivalent employees during the period was:

equivalent employeesemployees during the period was:
2025 2024
Number Number
Teaching and other staff 113 117
Employment costs 2025
£		 2024
£
Wages and salaries
Social security costs
Pension costs		 4,472,350
475,979
702,529		 4,292,830
390,872
661,590
"5,650,858 —_5,345,292 __
Staffearning inexcessof£60,000 perannum inthefollowingbands are: 2025 2024
Number Number
£60,000 -£69,999
£70,000 -£79,999
£130,000 -£139,999
£140,000-£149,999		 2
-
4
1
.
4
7_1a

Of the employees whose emoluments exceed £60,000, 4 (2024: 2) have retirement benefits accruing under defined benefit pension schemes. Pension contributions for higher paid employees in the period amounted to £76,417 (2024: £43,981).

The key management personnel of the charitable company comprise the Principal, Deputy Principal, Head of Care and Head of Finance.

The total employee benefits of the key management personnel were £450,199 (2024: £482,653).

Ex-gratia payments were made in the year totalling Enil (2024: £46,452).

ISI aI 27

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

eee eee eee eee eee eee
12 Tangible fixed assets
Land and
buildings		 Plantand
machinery		 Fixtures, fittings
&equipment		 Total
£ £ £ £
Cost
At 1 September 2024 4,795,606 594,207 707,314 6,097,124
Additions 205,083 274,923 141,159 621,165
Disposals (313,985) (82,977) (201,611) (598,573)
At 31 August 2025 4,686,704 786,153 646,859 6,119,716
Depreciation
At 1 September2024 898,102 332,148 547,378 1,777,628
Charge for the period 146,868 69,634 38,471 254,973
Disposals (155,515) (60,969) (184,856) (401,340)
At 31 August 2025 889,455 340,813 400,993 1,631,261
Net book value
At 31 August2025 eeesOS OS
At 31 August 2024 3,897 504 262,059 159,933 4,319,496
School tangible fixed assets
Groupassets at31 August2025 3,797,249 445,340 245,866 4,488,455
LessEndowmentfunds (1,424,655) - - (1,424,655)
Schoolassetsat31August2025 2,372,594 445,340 245,866 3,063,800

The school fixed assets are as above after accounting for the endowment assets below:

The endowment funds consist of Land and Buildings of £1,650,000 less depreciation of £208,845 which are held as an endowment and are owned by the linked charity Muntham House School Trust (charity number: 11050851). The endowment land and buildings were professionaily valued in May 1997. The fair value of £1.65m was incorporated into the accounts for the year ended 31 August 1997 and using the transitional provisions of FRS102 it continues to be treated as the deemed cost. If the land and buildings had not been revalued they would be included at the following historical cost:

2025 2024
Cost £
1,285,000		 £
1,285,000
Aggregate depreciation
Value ofland in freehold landand buildings		 330,100
:
330,000
-		 Z320,550Z
330,000
13 Investments Consolidated School
2025 2024 2025 2024
£ £ £ £
Gilt investments 1,618,277 1,069,897 1,618,277 1,069,897
1,618,277 1,069,897 1,618,277 1,069,897
eee

28

MUNTHAM HOUSE SCHOOL {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

14 Debtors Consolidated School
2025 2024 2025 2024
£ £ £ £
Trade debtors 636,588 15,090 636,588 15,090
Other debtors 28,597 4,602 28,597 4,602
Prepayments and accrued income 71,535 75,752 71,535 75,752
736,720 95,444 736,720Z =95,444
15 Creditors: amounts falling due within
one year
Consolidated School
2025 2024 2025 2024
£ £ £ £
Trade creditors 43,690 27,038 43,690 27,038
Fees in advance and deferred income 2,352,812 164,392 2,352,812 164,392
Other creditors 471,592 137,882 471,592 137,882
Taxes and social security costs 357,307 87,568 357,307 87,568
Accruals and deferred income 251,182 98,166 251,182 98 166
3,476,583 515,046 ; 3,476,583 515,046

Fees in advance and deferred income

Deferred income comprises monies received for the provision of services after the period end.

£
Balance as at
1 September 2024		 164,392
Amount released to income earned from charitable activities (164,392)
Amount deferred in period 2,352,812
Balance as at 31 August 2025 2,352,812
Made up as follows:
Fees in advance 2,352,812
Deferred income -
Balanceasat31August2025 2,352,812

29

MUNTHAM HOUSE SCHOOL {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

16 Teachers’ Pension Scheme

The School participates in the Teachers’ Pension Scheme (“the TPS”) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £390,498 (2024: £378,768) and at the year-end £nil (2024 - £nil} was accrued in respect of contributions to this scheme.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary’s Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report was published in October 2023. The Valuation Report shows notional assets of £222.2bn and liabilities of E262bn, resulting in a scheme deficit of £39.8bn.

The employer contribution rate for the TPS is 28.6%, and employers are also required fo pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%.

17 Local Government Pension Scheme

Muntham House School is an admission body of the Local Government Pension Scheme (LGPS) administered by West Sussex County Council.

The LGPS is a funded defined benefit scheme, with assets held in separate trustee administered funds. Contributions to the schemes are determined by qualified actuaries on the basis of triennial valuations using the projected unit method. The scheme is a multi-employer pension scheme.

The total employer's contribution made for the year ended 31 August 2025 was £297,233 (2024: £281,257). The agreed contribution rates for the year ended 31 August 2025 were from 5.5% to 8.5% for employees and 19.6% for employers.

The following information is based upon full actuarial valuations of the funds at 31 August 2025 by qualified independent actuaries for the entire West Sussex Council Pension Fund.

The principal actuarial assumptions used by the actuaries were as follows:

==> picture [412 x 56] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |%|%| |Discount|rate|at 37|August|2025|6.05|5.00| |Rate|of increase|in|pensions|payment|2.70|2.65| |Rate|of increase|in|salaries|4.20|4.15|

----- End of picture text -----

The post retirement mortality assumptions used to value the benefit obligation are based on the Fund's Vita Curves with improvements in line with the CMI 2018 model assuming long term improvements of 1.5% p.a. Based on these assumptions, the average future life expectancy of an average male reaching age 65 in 2025 is 22.2 years. The life expectancy of a female member reaching age 65 in 2025 is projected to be 25.5 years.

The expected return on plans’ assets is based on market expectations for investment returns over the life of the related obligation.

30

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

17 Local Government Pension Scheme (continued)

The major categories of plan asset as a percentage of the total plans’ assets, are as follows:

2025 2024
% %
Equities 54 54
Bonds 31 32
Property 13 12
Cash 2 2

Changes in the Fair Value of Plan Assets, Defined Benefit Obligation and Net Asset / (Liability) for year-end 31 August 2025:

August 2025:
2025 2024
£000 £000
Fairvalue ofEmployerAssets 14,015 13,195
Present Value of Funded Liabilities (6,924) (7,895)
Surplus/(Deficit) 7,091 5,300

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds
Balance at 1
pePtomber
2024		 income Expenditure
and transfers		 Tauus.aia
9
£ £ £ £
William Belmer Rush Foundation - 50,836 (50,836) -
Other restricted donations - 37,147 (37,147) -
CountyAssistance - 390,199 (390,199) -
16 to 19 Bursary Release 22,138 22,570 (14,820) 29,888
PE Premium - 16,370 (13,512) 2,858
Pupil Premium 44,037 57,218 (101,255) -
66,175 574,340— (607,769) 32,746

William Belmer Rush Foundation

This is a capital grant received from the foundation.

Other restricted donations

Donation for Variety bus deposit.

County assistance

This is funding received from county councils for the provision of one to one special needs teaching assistants for individual pupils.

16-19 Bursary

This is funding received from the department specifically in respect of bursaries.

PE Premium

Funding was received from the department to provide specialist PE and sport support for local schools.

Pupil Premium

This is funding received from the government to decrease the attainment gap for disadvantaged children, whether by income or by family upheaval.

31

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

19 Endowment funds

The funds of the group include endowment funds included in the linked charity The Muntham House School Trust (Charity number 1105085-1) which constitute the following;

Movement in funds
arenaco
P
2024		 Income Expenditure Transfers Balance at31
August2025
£ £ £ £ £
Permanent Endowments
Land and buildings 1,441,155 - (16,500) - 1,424,655
1,441,155 - {16,500) - 1,424,655

The endowment fund consists of land and buildings of £1,650,000 less depreciation of £225,345 which are owned by the subsidiary charity Muntham House School Trust (charity number: 1105085-1)}. The fair value of the Freehold Land not depreciated is £330,000. During the period depreciation of the buildings amounted to £16,500 (2024: £16,500).

20 Unrestricted funds

The unrestricted funds of the charity include the following:

Movement in funds
arina or
P
2024		 Income Expenditure Transfers Balance at31
August2025
£ £ £ £ £
General reserves 5,711,359 7,767 828 (7,033,099) - 6,446,088
Designated funds 170,000 - (170,000) - -
Fairvalue reserve 182,045 - (6,100) - 175,945
6,063,404 7,767,828 (7,209,199) - 6,622,033

Designated funds brought forward in regards to fixed asset replacement were fully spent during the year.

21 Share capital The charity is a company limited by guarantee and has no share capital.

22 Commitments under operating leases

At 31 August 2025 the school had total commitments payable under non-cancellable operating leases as follows:

2025 2024
£ £
Within one year 2,650 2,650
Within two to five years 3,313 5,933
5,963_a 8,583_

32

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

23 Analysis of net assets between funds - group

Fund balances at 31 August 2025 are represented by:

Restricted
funds		 Designated
funds		 Endowment
Fund		 Unrestricted
funds		 2025
Total
£ £ £ £ £
Tangible fixed assets - - 1,424,655 4,682,077 6,106,732
Current assets 32,746 - - 5,416,539 5,449,285
Creditors: amounts falling - - - (3,476,583) (3,476,583)
due within one year
: 32,746 — - 1,424,655 6,622,033 8,079,434
Fund balances at 31 August 2024 are represented by:
Restricted
funds		 Designated
funds		 Endowment
Fund		 Unrestricted
funds		 2024
Total
£ £ £ £ £
Tangible fixed assets - - 1,441,155 3,948,238 5,389,393
Current assets 66,175 170,000 - 2,460,212 2,696,387
Creditors: amounts falling - - - (515,046) (515,046)
due within one year 7 ee 7
66,175 170,000 1,441,155 5,893,404 7,570,734

Fund balances at 31 August 2024 are represented by:

24 Related parties

During the year J Knightley (Trustee during the period) was a Trustee of the William Belmer Rush Foundation. The Foundation awarded a grant of £50,836 to the school in 2025 (2024: £24,629).

33

MUNTHAM HOUSE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

25 Statement of financial activities comparative funds — period ended 31 August 2024

F
Unrestricted		 F
Designated		 :
Restricted		 Endowment Total
funds funds funds funds 2024
£ £ £ £ £
Income from:
Donations 28,675 - - - 28,675
Investment income 114,003 - - - 114,003
Charitable activities 6,782,041 - 482,291 : 7,264,332
___
Total income 6,924,719 - 482,291 - 7,407,010
Expenditure on:
Charitable activities 6,686,273 90,000 445,887 16,500 7,238,660
Total expenditure 6,686,273 _ 90,000_ 445,887 16,500 7,238,660
Net surplus 238,446 (90,000) 36,404 (16,500) 168,350
Gross transfer between funds 30,000 (30,000) - - -
Net movement in funds 268,446 (120,000) 36,404 (16,500) 168,350
Fund balances at 1 April 2023 5,624,958 290,000 29,771 1,457,655
aoe Kaldnicas at31August 5,893,404 170,000 66,175 1,441,155 7,570,734
Surplus attributable to school Z 184,850_

34