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← The Holland Park School Charity

2025-03-31-accounts

The Holland Park School Charity

REPORT and FINANCIAL STATEMENTS

for the year ended

31 March 2025

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Charity Registration Number 1108984 (England and Wales)

:

The Holland Park School Charity CONTENTS

Page
The Charity’s Trustees and Advisors ]
Trustees’ Report 2-12
independent Examiner’s Report 13
Statement of Financial Activities 14
Balance Sheet 15
NotestotheFinancialStatements 16-20

The Holland Park School Charity

THE CHARITY'S TRUSTEES AND ADVISORS

TRUSTEES Michael Tory, Chairman Richard Nelson, Vice Chairman Rosemary Nelson

DIRECTOR Anthony Howie
PRINCIPAL ADDRESS HPS Trust Director
Holland Park School
Airlie Gardens
Campden Hill Road
London
W8 7AF
tony.howie@hpstrust.co.uk
CHARITY NUMBER 1108984
BANKERS Lloyds Banking Group
25 Gresham Street
London
EC2V 7HN
ACCOUNTANT RSM UKTaxand Accounting Limited
Chartered Accountants
Davidson House
ForburySquare
Reading
Berkshire
RG13EU
INSURERS Gallagher Insurance Services Lid
Unit 3, Magden Park
Green Meadow
Llantrisant
Rhondda Cynon Taff
CF728XT

Page !

The Holland Park School Charity TRUSTEES’ REPORT Year Ended 31 March 2025

TRUSTEES’ REPORT

The trustees of The Holland Park School Charity, working name HPS Trust, present their Annual Report and Financial Statements for the year ended 31 March 20285. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 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.

GOVERNING DOCUMENT

HPS Trust is constituted under a Trust Deed signed and dated 17 March 2005, and is a Registered Charity, number 1108984. In March 2012 trustees agreed and incorporated amendments to the original deed to extend the service of the current trustees. Since its inception, the Charity has complied with all statutory requirements of the Charity Commission for England and Wales.

GOVERNANCE The trustees during the year and up to the date of signature of the financial statements were:

Michael Tory, Chairman Richard Nelson, Vice Rosemary Nelson

Richard Nelson, Vice Chairman

Trustees usually meet at least twice a year. At these meetings they review and agree the broad strategy and areas of activity for the Trust - including fundraising, grant making, reserves, risk management, policies and performance.

Trustees are appointed in accordance with the Trust Deed and are aware that they are responsible for the overall direction, effectiveness, supervision, and accountability of the charity.

The HPS Trust director (who holds an enhanced DBS certificate) attends trustee meetings, liaises with the school and takes responsibility for administering the Trust. A nominated member of the Leadership Team at Holland Park School is invited to attend specific trustee meetings to represent the school.

HOLLAND PARK SCHOOL The Trust Director liaises directly with the Assistant Principal, Holland Park School, the Duke of Edinburgh Award Scheme expedition leader, lan McClelland, and occasionally with those teachers involved in projects. In this way the Trust is kept informed of the school's achievements, progress, and community needs, thus enabling the Trust to play a significant role in providing beneficial opportunities for the school’s students.

Establishing close links with the leadership team ensures the school and the Trust can collaborate effectively.

Page 2

The Holland Park School Charity TRUSTEES’ REPORT Year Ended 31 March 2025

Trustees are grateful to Olivia Hill, Assistant Principal, for her enthusiastic support of the Trust, her encouragement of student participation, and her guidance to those teachers leading projects.

ADVISORS

The names and addresses of the Charity's advisors are shown on page one.

THE TRUST’S MISSION STATEMENT

“HPS Trust works seamlessly with teachers af the school, financing and running projects for which there is no public money, and which are aimed at raising the aspirations and ambitions of students, giving them the confidence and motivation to succeed and fulfill their potential.”

THE AIMS AND OBJECTIVES OF THE TRUST

The principal aim of the Trust is to support Holland Park School in the advancement and education of its students.

The foremost objectives of the Trust are:

e To fund projects that will benefit students beyond those financed by government. e Toraise funds to suppor the on-going activities of the Trust.

Since inception, the Trust has gained considerable experience working with the school’s leaders and teachers to determine how best to support students’ academic, cultural and social needs.

“Just as if is the trustees’ strongly held belief that students should be supported in their aspirations to attend the best universities, equally so is their desire to see those less academic students gain the extra help, encouragement, and the confidence they require to put them on the road to success. The drive and passion behind the Trust is due to the fact that we are able fo help the school give all ifs students a chance to lead positive and ambitious adult lives.”

A full statement of the revised aims of the Trust appears on the website, www.hpsirusi.co.uk

GRANTS POLICY

The Grants Committee, comprising a trustee, a representative of the school and the director, is responsible for assessing and recommending applications for funding, according to the objectives of the Trust.

At their autumn, spring and summer meetings, Trustees agree, and confirm with the school, discrete grants for Annual Projects [both new and continuing] as well as grants for Facilities and Resources.

SUMMARY OF THE YEAR'S ACTIVITIES 2024-25

Happily, the Trust has been able to sustain its commitment to the Duke of Edinburgh Award Scheme thanks to its current Patrons and donors who have brought financial stability to the whole D of E project. This allows long-term planning and development to take place in the school.

Page 3

The Holland Park School Charity TRUSTEES’ REPORT Year Ended 31 March 2025

This year, maintaining its strong and effective links with the school, the Trust funded four continuing projects, two new projects, a new facility - The Sensory Room - and resources. [See details in the Reviews below]

One new project, Music Instrumental Lessons, was postponed for logistical reasons and will now take place over 2025/26.

Trustees were also pleased to use the Student Traveling Granis Fund which allowed several disadvantaged students to participate in three school trips - one to Spain, another to the USA, and a Football Weekend Course.

New resources were also provided for Pupil Premium students (students with special needs) - Exam Reader Pens, and Laptops.

Lastly and significantly, trustees met a range of students from all backgrounds at their autumn and summer meetings. These interactions with student provide vital feedback for both trustees and the school. Trustees are grateful to the Assistant Principals and the D of ETeam Leader for arranging these encounters.

Trustees are aware of the changing and growing needs of many studenis in such challenging times. The Trust is fully supportive of the school in responding to its requests.

REVIEWS > PROJECTS, FACILITIES & RESOURCES 2024-25

  1. The Duke of Edinburgh Award Scheme The Foundation Level - the ‘Expedition Club’ - nowa fully established part of the D of E scheme, is a rolling programme of activities specifically designed for vulnerable Pupil Premium students. These activities prepare students up to a level which allows them to join the Bronze Award. In fact, several students - showing strong engagement and readiness - have already moved on to the Bronze Award. The Bronze Level programme is now hugely popular. Student numbers have reached the maximum the team can take on. This year’s expedition to the South Downs was highly successful with students enjoying the experience much more, having benefitted from the confidence they gained from the navigation and physical fitness training.

The Silver Level expeditions to Purbeck and the Brecon Beacons are altogether a more challenging experience than that on the South Downs. Throughout their training students are encouraged to develop valuable attributes such as perseverance, robustness, and determination. These, together with self-awareness and the ability to work as a team are important aspects of learning - and are critical fo success on any expedition!

For the first time since the pandemic, this year saw successful Gold Level expeditions to Purbeck and the Brecon Beacons - truly demanding and significant achievements. Next year's expedition will be to Snowdonia.

The school also hosted a highly successful D of E Award Presentation Evening for parents, students and trustees — the first of many we hope.

Page 4

TRUSTEES’ REPORT

The Holland Park School Charity

Year Ended 31 March 2025

The charts below show the popularity of the expeditions. They reflect the enthusiasm and rewards to be gained from participation in the scheme.

AWARD LEVEL 7117257: EXPEDITIONLOCATION STUDENTNUMBERS
Purbeck/Brecon Beacons B4
G2
Purbeck/Brecon Beacons B21 G15
South Downs B35_G35
Foundation Programme B10 G15 Total 137
AWARD LEVEL 3): EXPEDITION LOCATION PROJECTEDNUMBERS
Purbeck/Snowdonia B4_
G2
Purbeck/Brecon Beacons __ B12 G12
South Downs B35_G35
FoundationProgramme B15G20 Total135

A Silver Award student commented to the Team Leader, “Thank you for bringing me here. It's fantastic — the stars, the silence ... NO phones — it feels like a real escape!”

Trustees are grateful to lan McClelland, for his comprehensive review of the D of E project this year. His commitment, enthusiasm, planning, training programmes and outward-bound skills in the field are exemplary. Without his professionalism, especially under challenging circumstances, the D of E Award Scheme would not be as rewarding for students as it so clearly is today.

  1. Spanish Language Trip A three-day trip to Spain for GCSE/A level students opened up an opportunity for four Pupil Premium students to join the group. Without the support of the Trust these students would not have been able to travel to Malaga to practise and improve their Spanish Language skills.

The authentic Spanish culture and environment provided a unique moment for the group to be immersed in the language and enjoy a taste of Spanish life.

The Team Leader writes, “If proved to be a wonderful opportunity for students passionate about studying languages to get to know another culture.”

  1. USA History Trip This allowed four Pupil Premium students — one of whom had never left Europe, and another who had never been on a plane — to visit central New York as part of a school group of twenty-four students.

The Team leader writes, “This was undoubtably a once in a lifetime opportunity for these students. The trip also provided them with an equal opportunity to directly experience America, a couniry which accounts for half of their GCSE History studies.”

The trip proved to be a huge success, both in terms of history and life experience.

Page 5

Year Ended 31 March 2025

The Holland Park School Charity TRUSTEES’ REPORT

4, Football Weekend Course Twenty-one students participated in a residential football skills experience run by FA qualified coaches. The Trust supported those Pupil Premium students attending the course.

As well as being an intensive, physical and challenging course, students also had access to trying out new skills such as bouldering and archery.

The Team Leader writes, “Students developed their team-work skills, gaining in confidence throughout the course. Some students who weren’t in the school football team prior fo the trip are now, which is great to see!" 5. Do the Mike Thing [Continuing Project] This successful pastoral and safe-guarding project was continued for a further year. It was specifically devised to give a group of twelve vulnerable Pupil Premium students a safe opportunity to discuss the challenges they face in their daily lives.

They share small group sessions with an experienced and trusted community worker who uses modern music therapy techniques to enhance the understanding of ‘emotions and feelings’ - giving students encouragement, confidence and direction.

The Assistant Principal writes, “Some of our most vulnerable students have benefitied enormously from the whole experience."

  1. Male Identity [Continuing Project] This project was initiated two years ago when the Assistant Principal approached the Trust with growing concern amongst teachers due to the influence of social media on adolescent boys’ attitudes and behaviour towards girls.

Trustees agreed to fund a project which would address the controversial subject of ‘male identity’ - what it means, the issues raised, and the consequences of misogynistic behaviour in society.

The project provided the opportunity for young male students to reflect - in a safe and supportive environment - on how their male adolescent experience is distinct from female students, on what pressing concerns boys have, and what they can learn from engaging in focussed discussions.

Key outcomes:

With the success of the original programme and methodology recognised by the school, trustees were prompted to continue their support this year.

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The Holland Park School Charity TRUSTEES’ REPORT Year Ended 31 March 2025

The Project Leader writes, “A significant number of students have turned around their conduct amongst peers and adulfs - having reflected on the consequences of their behaviour they've ultimately matured as individuals.”

  1. Jamie’s Farm [Continuing Project] The aim of this project is to provide a group of the school’s most vulnerable younger students with a purposeful residential break from the constant challenges of both school and home life.

The five-day residential course involves living on a farm - which means participating, taking responsibility, helping with the daily routines, tasks and duties necessary to run a working farm.

Educationally, it’s a hugely valuable learning experience for these particular students. Their teachers report that each student had learned the necessity of approaching their various tasks with a sense responsibility, reliability, and trust.

Due to the many successful outcomes of the first course, Trustees continued the funding for a further year.

At the end of the week students are asked to sum up what they've learned; one wrote: “When | get back, | want to challenge myself to iry new experiences in school.”

  1. Football Beyond Borders [Continuing Project] This project is specifically aimed to give a group of fourteen aspiring female students, whose progress is largely hampered by attitudinal and behavioural issues, an intensive three-day residential experience of professional football coaching combined with a range of other sports activities. It is a unique and rewarding experience for all involved.

Key outcomes:

With this degree of success in mind, trustees agreed to support the project again this year.

In the words of a student, “Being coached by real football coaches was the best part and if was a really enjoyable weekend.”

  1. Sign Language [New Projeci] The school has several deaf and partially deaf students on roll. Important discussions have been taking place to support and integrate these students with their peers.

As well as supporting the deaf and partially deaf students, the project is planned to provide supportive students and teachers with new opportunities to learn more about how to communicate with students and parents who have a hearing disability.

Page 7

The Holland Park School Charity

TRUSTEES’ REPORT Year Ended 31 March 2025

The programme also aimed to provide key workers, teachers and hearing students with the tools to communicate better with those who have a hearing impairment.

One student told the Project Leader, “If’s so nice for my Mum and Dad fo have someone in the school they can sign with.”

  1. Foreign Language Assistants [New Project] This project affected some six hundred students in the school - all of whom are learning French or Spanish in Years 10, 11, 12 & 13.

The Trust was approached by the Assistant Principal to discuss the advantages of involving French and Spanish speakers in the delivery of GCSE and A level languages.

With trustee support it was agreed to fund five native speakers to work in the languages department over a period of six months.

The project provided students with regular, small-group settings within which they could practise speaking and hearing in French or Spanish.

The whole programme was judged highly successful by those involved in the Languages department.

Key Outcomes:

A student writes, “I now feel | could go fo Spain, and actually be able to survive - | am no longer too nervous fo speak to Spanish people and know much more abouf how they communicate.”

  1. The Sensory Room [New Facility] The initiative to establish a special facility came about from discussions with the Special Educational Needs and Disabilities [SEND] department.

The idea was to create an attractive and safe place for vulnerable students across the school to use.

The aim was to give SEND students a refuge from the typical stress and sensory overload encountered in school; any student can be affected - regardless of age or academic pressure.

Today, The Sensory Room is a place where conversations on well-being, self-care and mental health can be safely approached.

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The Holland Park School Charity TRUSTEES’ REPORT Year Ended 31 March 2025

Key outcomes:

The SEND co-ordinator writes, “This inclusive approach fosters a more compassionate school culture and empowers students to take ownership of their wellbeing in a safe and respeciful environment."

  1. Exam Reader Pens [New Resource] This grant provided twenty commercial electronic pens specifically designed for dyslectic students and students with reading difficulties.

Students can practise using them and go on to fulfil their potential under exam conditions.

A Year Eleven GCSE student writes, “I’ve really liked having a reader pen as it’s made me feel less embarrassed about my access arrangemeni as | can use it discretely. If also means {don't need a separate room for my exams.”

  1. Laptops for Student Use [New Resource] This grant allowed the school to purchase six new laptops to be used for examination purposes for students who have Access Arrangemenis to use a Word processor.

A Year Seven student writes, “I feel much more focused in my exams knowing that the lapfop device is realisable - thank you!"

HPS Trust is grateful fo Olivia Hill, Assistant Principal and the Project Leaders for the extensive reviews they carried out this year.

FUNDRAISING The Trust continues to fund its activities through annual donations from Trustees, Patrons, supporters, Giff Aid and bank interest.

Significantly, renewed annual donations have allowed the Trust to fund the planning, training and leading of the expedition element of the Duke of Edinburgh Award Scheme, over the last three years.

Trustees are aware of the need to raise funds specifically to support an increasing number of requests for grants to meet the needs of disadvantaged and underprivileged students.

Over the years, parents and local residents have made helpful donations to the Trust. Trustees hope this will become an increasing benefit.

Page 9

The Holland Park School Charity TRUSTEES’ REPORT Year Ended 31 March 2025

HPS Trust greatly appreciates the loyal and enthusiastic support given by Christopher Holdsworth-Hunt who funds the expedition element of the D of E Award Scheme.

FINANCIAL REVIEW During this financial year charitable donations to the Trust totalled £72,395 (2024: £39,379) of which £10,000 is restricted (2024: £nil restricted) and gift aid on this restricted donation totalled £2,500 (2024: £nil).

Lloyds Bank current account interest amounted to £2,697 (2024: £3,078).

The charity has £110,950 (2024: £121,555) total funds at the balance sheet date, with £47,422 (2024: £51,689) held as restricted funds and unrestricted general funds of £63,528 (2024: £69,866).

Trustees have considered the appropriateness of the going concern assumption for the preparation of the financial statements, as set out in Note 1.

FUTURE PLANS Since its foundation in 2005, the trustees of HPS Trust have aimed fo disburse grants to Holland Park School enabling it to fund projects, purchase resources and provide opportunities to benefit students beyond the statutory obligations of government.

The philanthropic ambition of the founding Patrons is to help the schoo! provide students with opportunities to develop positive and ambitious lives through experiencing the varied challenges involved in a wide range of educational projects and activities.

Our specific aims for next year are:

The significant increase in students taking part in D of E Expeditions has raised the need for extra teacher supervisors in the field. After discussions with the school, the Trust agreed to provide training and certification for those teachers willing to act as Health & Safety supervisors on expeditions.

RESERVES POLICY

The Trust had total funds of £110,950 (2024: £121,555) at the date of the balance sheet, with unrestricted funds totalling £63,528 (2024: £69,866).

The Charity also has restricted funds at 31 March 2025 of £47,422 (2024: £51,689) with £12,500 including gift aid, (2024: £nil) received in the year from Patrons for specific grants.

The trustees consider that the level of reserves is sufficient to enable it to continue to support Holland Park School. a oy ee ea

The Holland Park School Charity TRUSTEES* REPORT Year Ended 31 March 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

a select suitable accounting policies and then apply them consistently. b observes the methods and principles in the Charity SORP. c makes judgements and estimates that are reasonable and prudent; and d prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the requirement of the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

KEY MANAGEMENT PERSONNEL The trustees consider the Board of Trustees and the Director as comprising the key management personnel of the Charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. Details of trustees’ expenses are disclosed in Note 5 to the accounts.

Trustees are required to disclose all relevant interests and register them with the Director and in accordance with the Charity’s policy withdraw from decisions where a conflict of interest arises. Neither the Charity nor any of the trustees presently have such interests but any such interests would be disclosed should they arise.

INTERNAL CONTROLS AND THE MITIGATION OF MAJOR RISKS An annual risk assessment is carried out in line with the Charity’s Financial Risk Policy. The trustees confirm that controls implemented to date, and the levels of risk, are appropriate to the size of the Charity and the nature of its operation.

The Trust has also developed and revised the following policies during the course of the year:

Financial Risk Policy Data Protection Policy Complaints Handling Policy

Page 11

The Holland Park School Charity TRUSTEES* REPORT Year Ended 31 March 2025

The Charity carries public liability insurance through its insurance brokers Gallagher.

Approved by the Trustees on a7 an4 oh ‘s O2S

Michael Tory, Chair of Trustees

Page 12

Kerry Gallagher

07/07/25

The Holland Park School Charity STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2025

Notes Unrestricted Restricted
funds Funds Total Total
2025 2025 2025 2024
& £ £ £
INCOME from
Donations 2 59,895 12,500 72,395 39,379
Investment income 3 2,697 - 2,697 3,078
TOTAL INCOME 62,592 12,500 75,092 42,457
EXPENDITURE on
Expenditure on charitable activities 4 (68,930) (16,767) (85,697) (49,588)
TOTAL EXPENDITURE (68,930} (16,767) (85,697) (49,588}
NET EXPENDITURE movement in
funds before transfers (6,338) (4,267) (10,605) (7,131)
NET MOVEMENT IN FUNDS AFTER
TRANSFERS (6,338) (4,267) (10,605) (7,131)
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD 69,866 51,689 121,555 128,686
TOTALFUNDSCARRIEDFORWARD 63,528 47,422 110,950 121,555

The notes on pages 16 to 20 form an integral part of these accounts.

Page 14

The Holland Park School Charity BALANCE SHEET as at 31 March 2025

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2025 2024
Notes £ =
CURRENT ASSETS
Cash at bank 119,408 132,876
Debtors 6 542 529
119,950 133,405
CREDITORS: Amounts falling due within one year 7 (9,000) (11,850)
NET CURRENT ASSETS 110,950 121,555
NET ASSETS 110,950 121,555
FUNDS
Unrestricted funds 8 63,528 69,866
Restricted funds 8 47 A22 51,689
110,950 121,555
Approved by the Trustees on and signed on their behalf by:
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Approved by the Trustees on
|
Michael Tory
Chair of Trustees
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The notes on pages 16 to 20 form an integral part of these accounts

Page 15

The Holland Park School Charity NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

] ACCOUNTING POLICIES

Accounting convention

The Holland Park School Charity is a registered charity in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are detailed on page 2. These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value, modified to include certain items at fair value. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. The accounts have been prepared to give a ‘true and fair’ view and have departed from the. Charities (Accounis and Reporis) Regulations 2008 only to the extent required to provide a ‘true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective January 2019.

The Charity constitutes a public benefit entity as defined by FRS 102.

Going concern

The charity has had an overall deficit for the year of £10,605 (2024: deficit of £7,131) and has net assets of £110,950 (2024: £121,555) at the balance sheet date which is split between restricted funds of £47,422 (2024: £51,689) and a surplus on unrestricted general funds of £63,528 (2024: £69,866}.

The charity has been funded by way of donations from the trustees fo the grant making activity who have indicated their willingness to continue to provide support for a period of at least twelve months from approval of the financial statements.

On this basis, the trustees consider it appropriate to prepare the financial statements on a going concern basis. There are no material uncertainties in making this assessment.

Income recognition

Donations and bank interest are credited fo the statement of financial activities in the year in which they are receivable.

Expenditure recognition

Direct charitable expenditure comprises direct expenses incurred on the defined charitable purposes of the charity.

Governance costs include expenditure on compliance with constitutional and statutory requiremenis.

Grant policy

Grants payable are charged in the year when the offer is conveyed to the recipient. Unconditional grants agreed upon by the trustees but not yet paid at the year end are accrued.

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The Holland Park School Charity NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

] ACCOUNTING POLICIES (continued)

Fund accounting The unrestricted funds comprise those monies which may be used towards meeting the charitable objects of the charity at the discretion of the trustees.

Designated funds have been allocated by trustees towards certain future projects.

Restricted funds comprise funds that have been received for a particular purpose, specified by the patron.

Taxation

The charity is a registered charity and therefore is not liable for income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

lrrecoverable VAT

lrrecoverable VAT is charged against the expenditure heading for which it was incurred.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments receivable are initially recognised at transaction value and subsequently measured aft their settlement value.

Debtors

Prepayments are valued at the amount prepaid.

Creditors

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.

2 DONATIONS 2025 2024
& £
Unrestricted funds
Donations 40,000 39,379
Gift aid 19,895 -
59,895 39,379
Restricted funds
Donations 10,000 -
Gift aid 2,500 -
12,500 -
72,395 39,379

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The Holland Park Schoo! Charity NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

3 INVESTMENT INCOME 2025 2024
£ £
Unrestricted funds
Bank interes? 2,697 3,078
4 EXPENDITURE ON CHARITABLE 2025 2024
ACTIVITIES
£ £
Unrestricted funds
Grants 54,865 23,180
Support casts (includes
Consultancy expenses of £7,200
(2024: £5,700) for Key
Management Personnel) 7,129 6,513
Governance costs
Fees payable to the
independent examiner for:
- Accountancy fees 3,720 3,600
- Independent examination fees 2,400 2,100
Administration 216 216
68,930 35,609
Restricted funds
Grants 16,767 13,979
85,697 49588

All grants relate to Holland Park School activities in both years (note 8).

5 STAFF COSTS AND TRUSTEES’ REMUNERATION

The Charity had no employees during the year (2024: None). No Trustee received remuneration for services to the charity or had reimbursement of expenses during the year.

There are no related party transactions in the accounting period that require disclosure, other than the payment mace to key management personnel as disclosed in noie 4.

6 DEBTORS 2025 2024
£ £
Prepayments 542 529

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The Holland Park School Charity NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

7 CREDITORS: Amounts falling due within oneyear 2025 2024
£ Fs
Granis - 2,650
Accruals 9,000 9,200
9,000 11,850
8 FUNDS Balance at
Balance at 31 March
April 2024 Income Expenditure Transfer
£ & £ £ £
Unrestricted Fund
General fund 59,866 62,592 (68,930) - §3,528
Designated fund 10,000 - - - 10,000
Restricted Fund
Supporting Science 39,373 - - - 39,373
Duke of Edinburgh 5,994 12,500 (16,767) - 1,727
Scheme
Residential courses 1,902 - - ~ 1,902
Student
Bursary		 4,420 ~ - - 4,420
Fund
121,555 75,092 (85,697) - 110,950
FUNDS— PREVIOUS Balance at
YEAR Balance at 31 March
1 April 2023 Income Expenditure Transfer 2024
£ Fe £ Fa £
Unrestricted Fund
General fund 53,018 42,457 (35,609) - 59 866
Designated fund 10,000 - - - 10,000
Restricted Fund
Supporting Science 39,373 - - - 39,373
Duke of Edinburgh 19,973 - (13,979) - 5,994
Scheme
Residential courses 1,902 - - - 1,902
Student
Bursary		 4,420 - - - 4,420
Fund
128,686 42,457 (49,588) - 121,555

Designated funds comprise a Student Bursary fund to fund a student or students to participate in an excursion or expedition at the school.

Page 19

:

The Holland Park School Charity NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

Restricted funds comprise funds that have been received for a particular purpose, specified by the patron as described in the Trustees’ Report. Supporting Science is a long term project, “Supporting Science” funded by The Mohn Westalke Foundation. The Duke of Edinburgh Award Scheme is funded by one pairon to support the funding of the scheme expeditions and training.

Residential courses are restricted funds received specifically to fund residential courses for pupils.

The Student Bursary funds are restricted to student bursaries at the school.

9 ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Unrestricted Restricted 2025 2024
Fund Fund Total Total
£ £ £ £
Current assets 72,528 47 A22 119,950 133,405
Current liabilities (7,000) - (3,000) (11,850)
Balance at 31 March 2025 63,528 47 422 110,950 121,555
ANALYSIS. OF NET ASSETS
BETWEEN FUNDS— PREVIOUS
YEAR Unrestricted
Fund		 Restricted
Fund		 2024
Total		 2023
Total
£ £ £ £
Current assets 81,716 51,689 133,405 136,026
Current liabilities (11,850) - (11,850) (7,340)
Balanceat31March2024 69,866 51,689 121,555 128,686

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