Charfty reglstratlon number 1121132 (England and Wales) Company registralion number 06188419 HOPE HOUSE SCHOOL LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HOPE HOUSE SCHOOL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J B8rrie Mr B Jones Chalr Mr B Jones Charfty number 1121132 Company number 06188419 Reglstsred offlce Hope School B8rnby Road Balderton Newark Notts NG24 3NE Audltor Rogers Spencer New8tead House Pelham Road Nottingham NG5 1AP Senlor Stsff Mrs Michelle McRae - Headteacher
HOPE HOUSE SCHOOL LIMITED CONTENTS Pago Trustees, report Statement of Trustees, responsibilities Independent audltorfs report 7-10 statement of financial 8CtFvities 11 Balance sheet 12 Statement of cash flow8 13 Notes to the financial ststements 14-21
HOPE HOUSE SCHOOL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statements for the year ended 31 December 2024, The flnanclal statements have been prepared In accordance with the accounting policies set out in note 1 to the financial statements and comply with the charty's goveming document, the Companies Act 2006 arKI "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as 8m8nded for accounting periods commendng from 1 January 2016>. Objectlves and actlvltles Hope House School is a small Independent special school for students with a primary need of autism spectrum disorder and related speech and language communicatlon needs. Some students also have other compl8Xlties such as, ADHD, PDA. Many of our students have a disjointed education history, often due to long term school absence. All students have an Education H881th Care Plan. Our Vlslon... is for every young person to fulfil Iheir personal potent181. Hope House school pVIdeS every student wrfh support when they need It - for them to develop into h8ppy, healthy, and secure young adults who 8re prepad for adult life, Our Core Values ...Ar8 based on the r&cognition Ihat many of our students have h8d difficult Joumeys before a1ving at Hope Housg school. Educational provision has been inappropn'ate, often resultlng In several adverse experiences for both the young person and thelr famlly. TherOre, we aim to transfon77 those 98rty exp8rienGes of 8ducatlon by addTrssing any barriers to le8mlng through both individuallsed 8nd personalisgd leamlng experiences. At th8 same time, we acknowledge the importanGe of a student's social and emotional developmenl and the importance of w01ng toget17er with pegrs and 8dults, to bulld positive relationships. R818tionships unde4)in our values at Hope Hous8 school. We Unde18nd the power of building positive re18tionships to create and foster a culture of wam7th, nurture, inlegn'ty, mutual resp8Ct, 8nd kindness within the school environment, valuing the individu818t all tlm8s. which is reflected by enSUng the voice of our young p80ple is heard thmugh PRIDE (Peace, Respect, Independence, Detennin8Èn and Equ81ity) FORCE. The School 18 In a rural setting in Balderton, n8ar Newark, Nottinghamshire. It18 housed in several independent one stor8y bulldings, set out in a 'u' shape around a central grassy area which Is currently being developed Into a multi-sensory space. There are other d8tsched two storey buildings in the grounds, one used for post-16 pupils and the other for administration. There Is an outdoor space devoted to forest school activities and a wooden play area with specialist equipment for puplls to use as part of their currlculum and at group social times. An outdoor area attached to the lower school classroom provides an enhanced provislon to extend children's learning and exploration. There is a separate building dedicated to addltSonal curriculum activities such as music and food technology. It houses a well-equipped sensory room that supports activities that are b8spoke to individual need8 and group actlvltles. A multi-agency room provides space for 1.1 sessionslassessment and the deliv8ry of specific program8 of intervention. In addition to specific reading areas in each classroom, there 18 a small communal Ilbrary for pupils to access as part of the focus on promoting reading for pleasure. The school has an ambitlOUS and engaging curriculum which is broad and rlch to enable all our young people to reach their potential as they Prepare for Adulthood {PfA). The school's currfculum offer is diverse, catering for the needs of pupils from early Engagement through to Level 2 qualifications. The PfA curriculum Is accrlted through ASDAN via personalised pathways. There are varlous enrichment opportunities and memorable experiences ft)r all students, Including visits to National Trust places of interest and local landmarks to embed student's understanding of cultural diversrty and British values. All students have regular access to the local community and travel far and wide to promote skills for Independent living. All students engage in careers education and, in addition to this, older students receive career guidance from independent advisors. Puplls have the option to access riding for the disabled (RDA) as part of their provision. Weekly swimming and tennls lessons ar8 also provided within our local communlty. Multi-discipllnary professionals regularly vi51t the school. induding an educatlonal psychologist, occupational therapist and a speech and language theraplst. All staff receive training from the Autism Educational Trust to ensure we have the knowledge and skills to provide a personalised provisSon for our students. We are currently on a journey to become a recognised trauma-informed school.
HOPE HOUSE SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance Pupll Quallflcatlon8- 202312024 Quallf Icatlon FSEn sh EL3 FSM FSM ASDAN Per8on8l & SoclalDevelo ment EL2 ASDAN Dlploma In Pef80nal Pro8re88 EL1 Number of Pu ASDAN l A8pli8tlon8 ASDAN Short Cour8eGardenln ASDAN Tl Hortlculture For the first year, we delivered accredited functional skills courses through the NCFE and were delighted that students achieved a higher level of qualifications. Addltlonal achlav8m8nts over 2024: There have been many per80nal development achievement8 for our students which includes; leaming to swim and learning to ride a bike . They attend Belvoir Vale riding for the disabled tiCe weekly and progress has been wonderful ,' acknowledged through presentation of awards and certificates The school took part in the Lincolnshire agricultural School challenge at the Llncolnshlre show arKI was awarded 'highly commended, status. Students came first In the South Nottlnghamshlre table crlcket competition and represented South Nottingham SEN schools In the Lord Taverners County tsble cricket competition The students have benefited from weekly coaching from Collingham tennis club and the climbing YRII at the local YMCA. In 2024, students experfence a v8riety of cultural trips and visits locally and farther a field to support our preparing for adult program and curriculum themes.
HOPE HOUSE SCHOOL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal rnvlew 2023 Buslness Revlew Over the past academic year, the school has maintained the same number of pupils, currently 30. Increaslng to 33 in the next academic year. This growth reflects the school's growing reputation for providing qualty education and fostering a 8UPPOrtive learnlng environment. Furthermore, the financlal stsbility resulting from this growth has empowered us to invest In our infrastructure and staff. IncomelFundlng The previous substantial boost in flnanclal resourceg. Sustained throughout 2024. has had 8 profoundly positive effect on the School's operatlons and cashflow. Over the 23124 academic year the school's income has continued enhancing various aspects of our educational offerings, providing an enriched learning experlence for all our students. The fundlng has allowed us to invest in modem teaching materials, staff training. and improved facilities, ensurfng that our students have acc88S to the best resources available. As part of our commltment to maintaining exGeptional Standards, the school continue8 to undergo regular qualty assurance visits. These vlslts help us identify area8 for Improvement and •nsur8 that we are constantly deliverlng the highest Standard of education to our students. In line wlth our dedication to financial transparency, we will regularly revlew school fees to ensure they cover all the costs associated with running th8 school. This proactive approach ensures that our financial resources are effectively allocated, enabling us to maintain and improve the quality of education while remalnlng financially sustsinable. Overall, the incom81fundlng over the 23r24 academic year has brought about num8rou8 Posltive ch8nge8 to our School. It has allowed us to enhance our educatlonal offering6, expand our capaclty, and ensure the continuous improvement of our educational provision through regular quality 888urance vlslts. We remain COMMad to provldlng an exceptional educational experlerKe for all our students while ensuring financial stability for the long- term sustainability of the school. 2023 Flnanclal porformance Summary The school experienced a notable improvement in cashflow meaning meeting commltments more easlly and more funds to invest in staff training, school resources & enrichments. However, overhead costs also saw a 8ubstantlal Increase. This rise In expènses impacted the financlal landscape of the school. wth regards to the surplus improvement, despite the surge in overhead costs, the sthool managed to achieve a surplus of £616.000. Vvhich is £113,000 higher than budgeted. Overall, the school's financial performance for the year demonstrates effective management in navigating increased expenses while capitalizing on revenue growth, resulting in a healthier surplus. Reserves pollcy It is the pollcy of the Charlty to maint8in unrestricted free reseNes at a sufficient level to fan three months trading. Assuming monthly expenditure of £1 Ook per month, the Charity has been able to satisfy this target wth balance in the bank amounting to almost £1.2m at 31 December 24. Unrestrlcted Funds The unreslricted funds of £1,199,055 will be rolled over into the 2025 year. Princlpal source of fundlng The principal source of funding 18 that of various Midlands-based councils, in particu18r Nottinghamshire and Lincolnshire County Councils.
HOPE HOUSE SCHOOL LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Prlnclpal rlsks and unGertalnties The Trustees have examined the major strategic, busine&8 and operational risks whlch the charity faces and confirm that system5 have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. 2023 and 2024 expectation overvlew The positive expectations of last year's review have been achieved, and Trustees look forward to an increase in pupil placement. Local Authorlty support has proven positive. The Headteacher continues to develop the school In every area including the curriculum, teachlng and leaming, professional development and budget Lvntrol and managernent. As vrfell, 8trateglc decisions taken prlor and during this year means that the school is considered efficient. A robust structure, reporting process and effective cashflow management also means financi81 pressure has been reduced and ensures sustainable growlh. Trustees are in dl$cu88ion wlth tha landowners to acquire the land In 2026. Structure. governanc• and managemènt Hope House School Is a company limited by guarantee by Its Memorandum and Articles ofAssoclatlon8 dated 26th August 2007, Appolntm•nt of tru9toe8 The Trustees, who are also the director8 for the purpose of company law, and who served during the year and up to the date of slgnature of the financlal Statements were: Mr J Barrle Mr B Jone8 Trustee Inductlon On jolnlng Hope House School New Trustee8 wlll undergo an Induction whlch includes th8 Indapend•nt School Standards and the Charity Commision Welcome Pad<. The inductlon will be carried out by the Chair Trustee and supported by the HR Manager. The the core functlons for Trustees ara. 1, En8urlng clarity of vision, 8th08 and strategic dlrection 2. Holding the Headteacher I Senlor Leaders account for the educational performance of the school and it5 puplls, and the perfomiance management of staff 3. Over8eeing and en8uring effective financial perfomiance. Trustee Tralnlng Trustees receive the following tralning.. Safeguarding Chlldren in Education Safeguarding for Governors (Chair Trustee) DSL (Chair Trustea) Legionella (Chair Trustee) Data Protection Keeping Children Safe In Education - Copy issued Annually and confirmation of receipt gained
HOPE HOUSE SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are guid8d by tho Hoad Teath6r who advises tham on the key aspects of business operations and r50nnel. This induded setting pay rises th8 thole Staff and incr8m8nts for Ihe Senior Manag8m8nt T8am following appraisals. Pay Rovlaw The Headt8a¢hw support8d by th8 HR Manag8r holds anfiual pay reviews. pay rates are b?nchmathed again8t Teachers Pay and Conditions and Regional and Local Pay rates, NMLW Is al80 tsk8n Into (xJnsld8ration. Pay reviaws are discussed and approved by the Chair Trustee before implem6ntslon. Unqualified, Lower level roles and non-teaching rol88 ar8 ravlewed In Slna wlth NMLW and any Incr8as8s ar8 impl8m8nted from 111 Aprfl eath year Managemant & T8achlng roles are rnvlawed in Ilne %%4th Teachera Pay end Condltlons any increa8a8 are implamentad from 111 Soplemb8r each year Incr88888 outslde of the 8bov8 wlll occur vthen,. Agreed contractually- Probatlonary Perlod, In an agreed time p8rlod JJubJect to perf(Jrniance Pay Parity- Additional respon81bllitle8 are added to th8 ro16, elther long tom) or for an agreed pgriod {¢over at a hlgher level) and ar8 8qual to other employee8 In th8 same rol6 or Indlvtduals roach a hlgher18vel of quallftcalion In Ilne the relevant person spedffcatlon and is equal to other ployees in same rol6 Th8 above list 18 not 8xhaustlve. and there may b8 occasions whon th8 School finds It necessary to review the salary of c8rtain roles outslda of the annual review periods, for exampl? hlghly 8kllled roles that cannot be filled Inlamally and havo high competitlon 8xt8mally In Ihe labour mafkot. D18cIo8ur• of Inlorniatlon to audltor Each of the Trustoes has confirnad that thero 18 no infomtion of whk* they aro 8w8r8 which 18 relovant to the audit. but of wthlch the auditorls un3vre. They have fvrthor confjrmed that they have tsken approprlats steps to IdentSfy 8u¢h relevant informatlon and to establl8h that thè audltor Is awarn of such information. The Th18t88s' report vms approved by the Board of Trustees. Mr B Jon•s Chalr Dated: .............. {34r.
HOPE HOUSE SCHOOL LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees. who are also the dlrectors of Hope House School Limit8d for the purpose of company law, are responsible for preparing the Twstees, Report and the financial statements in accordance 1th applicable law and United Kingdom Accountlng StarKJards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Truste88 to prepare financial statements for each financi81 year which give a true and fair view of the state of affairs of the charlty and of the incoming resourc88 and application of resources, Including the income and expenditur8. of the charitable company for that year. In preparfng these financial statemerrts, the Trustees are required to: select Suitable accounting policies and then apply them consistently" - observe the methods and prlnclples in the Charities SORP: - make judgements and estlmates that are reasonable and prudent; state whether appllcable UK Accounting Standards have been followed, subject to any material departure8 disclosed and explaSned in the financial statements; and prepar8 the financial statements on the going concem basi8 unless it is inappropriate to presume that the charlty y11 contlnue in operation. The Trustees are responslble for keeping adequate accountSng records that di1088 with reasonable accuracy at any time th8 financlal position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charlty and hence for taklng reasonable steps for the prevention and detectlon of fraud and other irregularities.
HOPE HOUSE SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HOPE HOUSE SCHOOL LIMITED Oplnlon We have audited the financial statements of Hope House School Limit8d (the 'charity') for the year ended 31 D8C8mber 2024 which comprlse the ststement of financial activities. the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Flnancial Reporting Standard 102 The Financlal Reporting Stand8rd 8ppliGable in the UK and Republ of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financlal statements: give a tru8 and fair view of the stale of the charitabl8 compansls affairs a8 at 31 December 2024 and of its incoming resources and applicatlon of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practlts; and have been prepared in accordance wilh the requirements of the Comp8ni88 At 2006 and the Charities Act 2011. Ba818 for oplnlon We Conducted our audlt in accord8nce wlth Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responslbilities under those standards are further described in the Audltofs rnsponsibilities for the 8udit ol the financlal statements section of our report. We are Independent of the charity in accordance with the ethical requir8ments that are relevant to our audit of the financial ststements In the UK, including the FRC'5 Ethical Standard, and we have fulfllled our other ethical responsibilities in accordance with these requlrements. We belleve that the audit evidence we have obteined is sufflcient and appropriate to provide a basis for our opinion. Concluslons rnlatlng to golng concern In audltlng the financial statements, we have concluded that the Tru8tees' use of the going concern basis of accounting in the preparatlon of the financial statements is appropriate. B88ed on the work we have performed, wa have not identified any materlal uncertainties relating to •V8nts or conditions that, Indlvidually or collectively, may cast significant doubt on the charity's abllity to continue as a going conGem for a period of at least trrfrfelve months from when the financial statements 8re authorised for Issue. Our responsibilities and tha responsibilltles of the Trustees with respect to going concern are de8crlb8d in the relgvant 8edions of this report. Other Informatlon The other information comprlses the infonnation Included in the annual report other than th8 flnarrial statements and our auditor's report thereon. The Trustees are responsible for the other information contalned within the annual report. Our opinion on the financial statements does not cover the other infomation and w8 do not express any form of assurance concluslon thereon. Our responsibility is to read the other information and, in doing so, consider whether the other Infomiation is materially inconsistent wrth the flnancial statements or our knowledge obtained in the course of th8 audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determlne whether this gives rlse to a materk21 misstatement in the financlal statements themselves. If, based on the work we have performed, we conclude that there is a material mlsstatement of this oth8r Infonnation, VR are required to report that fact. We have nothing to report in thls regard. Oplnions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit". the infonnation given in the trustees, report for the financial year for whlch the financial statements are prepared is consistent with the financial statements., and the trustees, report has been prepared in accordance with applicable legal requirements.
HOPE HOUSE SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOPE HOUSE SCHOOL LIMITED Matters on whlch we are required to report by exceptlon In the light of the knowledge and understanding of the charitsble company and its environment obtained in the course of the audit, we have not identified material misststemerrts in the trustees, report. Vle have nothing to report in respect of the following matters in relation to wthich the Companles Act 2006 requires us to report to you if, in our opinion.. adequate accounting COrdS have not b88n kept. or retums adequate for our audit hav8 not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and retUrn6' or certain disclosures of directors, remuneration specified by law are not made; or we have not received all the informatlon and explanations we r8qulre for our audit.; or the trustees were not 8ntrtled to ppare the finandal ststements in accordance with the small companies, regime. Rasponslbllltles of Trustoe8 As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are 81$0 the directors of the charity for the purpose of company18w, are rèsponsible for the preparation of the financlal statements and for being satlsfied that thèy give a tru8 and fair view, and for such Internal control as the Trustees determine 18 necessary to enable the preparation of flnancl81 statements that are free from material misstatement, whether due to fraud or error. In preparing the f5nancial statement8, the Trustees are responsib18 for assessing the charlty'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 Trustees either intend to liquldate the charitable company or to cease operation8, or have no realistic alternatlve but to do 80. Audltor'8 responslbllltle8 for the audlt of the flnanclal statements We have been appointed auditor under the Companies Act 2006 and 8ection 151 of the Charities Act 2011 and report In accordance with those Acts. Our objectives are to obtain reasonable 85gurance about whether the financlal statements a5 a whole are free from material misstat8ment, whether due to fraud or error, and to issue an 8uditorfs report that Includes our opinion. Reasonable assurance is a high level of assurancè 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 inftuence the economlc decisions of usors taken on the basi3 of these tlnancial statement8. The extent to whlch our procedures are capable of detecting irregularities, Including fraud, 18 detailed below. Tho extent of whlch the audlt was consldered capable of detoctlng Irregularltles Includlng fraud Our approach to identlfylng and assessing the rlsk of material misstatement In respect of irregularities, induding fraud and non-compllance with laws and regulatlons. was as follows.. The engagement partner ensur8d that the engagement team collectively had the appropriate competence, capabilltles and skills lo identify or recognise non<ompli8nce wlth applicable laws and regulations,. We identified the laws and regulations applicable to th8 charitable company through discussions with trustees and other management. and from our knowledge and experience of the charity sector and grant provlders., We focused on specific laws and regulations whlch we considered may have a direct material effect on the finanaal statement5 or the operations of the group, including the Companies Act 2006, Charttles Act 2011, taxation legislatlon and data protection, anti-bribery, employment, environmental and health and safety legislation- We assessed the extent of Complian with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence,. and Identlfied laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
HOPE HOUSE SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOPE HOUSE SCHOOL LIMITED We assessed the susceptibility of the financial statements to m8teri81 misstatement, including obtaining an understanding of how fraud might occur. by: Making enquiries of management as to where they considered there was susceptibility to fraud, thelr knovdedge of actual, su8pected and alleged fraud.. Considering the Intemal controls In place to mitigate risks of fraud and non-compllance with laws and r8gulatlon8', and Understanding the design of the charitable companies remuneratlon policies. To address the risk of fraud through management bias and override of contro15, We". Performed analytical procedures to identify any unusu81 or un8XP8Cted relatlonships. Tested joumal entries to identify unusual transactions: Assessed whether judgements and assumptlons made In determlnlng the accounting estlmates set out in note 2 were indicative of potentlal bla8., and Investlgated the rationale behind significant or unusual tr8nsaction8. In response to the risk of irregularities and non-compllance with laws and regulations, we designed procedures which included, but vTrre not Ilmlted lo.. Agr88ing financlal statement disclosures to underlying supporting documentatlon,, Readlng the mlnutes of meetings of those charged with govern8n¢e', Enqulrlng of management as to actual and potentlal Iltlgatlon and claim8', and Reviewing correspondence wlth HMRC, relevant regulator8 and the company's legal advisors. There are Inherent limitations in our 8udit procedures described above. The more removed that laws and regulations a from financial trans8Ctions, the less likely it is that we would become aware of norfrcompliance. Audits'ng standards also limit the audit procedures required to Identify non-compliance with laws and regulatlons to enquiry of the trustees and other management and the Inspection of regulatory and legal corre3pondance, If any. Material misstatements that arise due to fraud can be harder to detect than those that ari50 from 8rror as they may involve deliberate conc8alm8nt or colluslon. A further description of our responsibilities is available on the Flnancial Reporting Council's website at: https.'Il wAw.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
HOPE HOUSE SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOPE HOUSE SCHOOL LIMITED Use of our report This report is made solely to the charitable company's trustees, as 8 body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to stste 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 trustees as a body, for our audit vrk. for this report, or for the opinions we have fonned. Melvln Balley FCCA DChA {Senlor statutory audltor) Rogers Spencer 29 September 2025 Chartered Accountsnts Statutory Audltor Newstead House Pelham Road Nottingham NG5 1AP Rogers Spencer is eligible for appolntment as auditor of th8 charfty by vlrtue of It8 eligibility for appointment as auditor of a company under section 1212 of the Companles Act 2006. 10-
HOPE HOUSE SCHOOL LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted funds 2024 2023 Notes Donations and legacies Charitable actlvltles Investments Other income 3,317 8.283 1,973,657 1,838,023 14,828 2,227 12,100 Total Income 1,991.802 1,860,633 Charitable activitres Finance interest 1,375.714 1,294,214 (213) 1,093 12 Total rn8ourc•s èxpandad 1,375.501 1,295,307 Net Income for the yearf Net movement In funds 616,301 585,328 Fund balance8 at 1 January 2024 582.754 17.428 Fund balances at 31 December 2024 1.199.055 582,754 The statement of financial activiiies includes all gains and lo&ses recognised in the year. All income and expenditure derlve from continuing activities. The ststement of financial activities also complies with the requirements for an Income and expenditure account under the Companies Act 2006. 11
HOPE HOUSE SCHOOL LIMITED BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 Flxed •ssots Tanglble assets Currnnt a550ts D8btorE Cash at bank and In hand 14 74.799 54.761 15 11.686 1,180,923 43,325 543,314 1,192,609 586,639 Crodltor8: amounts lalllrwa du• wllhln on• y•ar 18 (68,353) (58,648) Net current assets 1.124256 527.993 Total a•Mt•1••g Cumint Ilabllldo• 1,199,055 582.754 InGom• fund8 Unr88tiicted fvnds 1,199,055 582,754 1,199.055 582,754 The company is enthled to the exemption from th8 audit requirernent contalned In 88Ctlon 477 of tha CompanlesAct 2008, for lh8 y88r ended 31 De¢8mber 2024. The dlractors ad(nowledg8 thelr r88ponsibilities for comptylng wlth th6 requlrornents of tha Comp•les Act 2008 wlth respect to accountlng records and the preparallon of finandal sl8tsmants. Th888 financial stst8ments have been prepared In accordance vAth the provi8ions applicable to companie8 subject to the small compani88 reglme. The financ181 statoments wore approved by tha Trustees on IAr B Jon Tru81•• Company Reglstratlon No. 06188419 12-
HOPE HOUSE SCHOOL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flow6 from operatlng actlvltles Cash generated from operations 21 667,950 416.504 Investlng actlvltles Purchase of tangible fixed assets Interest received (42,996) 14.828 (29,621) 2,227 N•t cash used In Inv•stlng actlvltles (28,168) (27,394) Flnanclng actlvltles Payment of obligations under finance leases (2,173) (12,251) Net cash used In flnanclng actlvltles (2.173) (12,251) Not Increase In cash and c88h oqulvalents 637,609 376,859 Cash and cash equlvalent8 at beginning of year 543,314 166,455 Cash and cash equlvalents at end of yoar 1,180,923 543,314 13-
HOPE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Charlty Informatlon Hope House School Limited is a private company limited by guarantee Incorporated In England and Vvales. The registered office is Hope School, Bamby Road. Balderton. Newark, Notts, NG24 3NE. 1.1 Basls of preparatlon The financial statements have been prepared in 8ccordance with the charity's governing document, the Companies Act 2006 and °Accounting and Reportlng by Charities: Ststement of Recommended Practlce applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102). (as amended for accounting p8ri0d8 commencing from 1 January 2016). The charity 18 a Public Benefft Entity 88 defined by FRS 102. The financial statements are prepared in sterllng, whlch Is the functional currency of the charity. Monetary amounts in these financial 8tat8m8nts are rounded to the nearest £. The flnanelal statements have been prepared under the hlstorlcal cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statement8, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fvture. Thus the TnBtee8 ontinue to adopt the going concern basis of accountlng In preparing the financial statements. 1.3 Charltable funds Unrestricted funds are avallable for use at the discretion of the Trustees in furtheranc8 of thelr charitable oblectlves. Restrlcted funds ara subject to Specific conditions by donors or grantors a8 to how they may be used. Th• purposes and uses of the restricted funds are set out In the notes to tha financi818tatements. 1A Incom• Income is recognised when Ihe charity Is legally antitled to It after any performance conditions hav• been met, the amounts can be measured reliably. and it Is probable that Income will received. Cash donations are recognised on receipt. Other donatlons are recognised once the Chaiity has been notified of the donation. unless perfomiance condltlons require deferral of the amount. Income tax recoverable in relation to donations received under GiftAld or deeds of covenant is rQgnIsed at the time of the donation. Legacies are recognised on receipt or otherwlse If the charity has been notified of an impending distrlbutlon. the amount is krK)wn, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expendlture Expenditure Is recc4Jnised once there is a legal or constructive obligation to transfer economic benefft to a third party. it is probable Ihat a transfer of economic benefits will be required in settlement. and the amourrt of the obligats.on can be measured reliably. Expenditure is classified by activity. The costs of each actlvlty are made up of the total of dirKt costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributatrAe to a single activty are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. 14-
HOPE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles (Conllnued) Liabilrties are recognised as resources expended when it Is probable that a transfer of economic benefits wlll be required in settlement and the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classffied under headings that aggregate all costs related to the categ. Expenditure relating to donated serdices and facilities is induded on the same basis and at equivalent amounts as recognised within incoming resources. Expenditure on charFtable activities compriges those costs Incurred by the charity in the delivery of its activltles and services of its beneficiaries. It indudes both the dlrect pay and non-pay costs and 8UPPOrt C08ts relating to those activities. Govemanc8 C08t8 are shown as part of support costs. Th&8e are assoclated 1th the administrativo arrangements of the charity which relate to the general running of the charlty as opposed the those costs associated with the charitable activity. These indude audit fees, legal advlce, and preparation of the statutory accounts and costs of trustee meetings. 1.6 Tanglbl• flx•d a$ts Tangible fixed assets are initially measured at cost and sub8equently measured at C08t or valuatlon, net of depreciation and any Impalrment losses. Depreciation 18 recognised so as to vKite off the cost or valuation of assets less their residual values over their useful liv88 on th8 followlng base8: Leasehold improvements Flxtures and fittings Computers Motor vehlcles 10% Straight line 250/0 Reduclng balance 33% Straight line 25% Redu¢lng balance Th• gain or1088 arising on the dlsposal of an a88et Is determined as the difference bet4veen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial actlvltles. 1.7 Impalrnwnt of flxed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impainnent loss. If any such IndatIOn exists, the recoverable amount of the asset 18 estlmated in order to determine the extent of the impairment 1088 (if any). 1.8 Employ•e benefflts The cost of any unused hollday entitlement is recognised in the period in which the employee's services are received. Tennlnatlon b6n6ffts are recognised immediately as an expense when the charlty18 demonstrably committed to temilnate the employment of an employee or to provide terminatlon beneffts. 1.9 Retlrement benofl15 Payments to defined contrfbution retirement benefit schemes are charged as an expense as they fall due. 15-
HOPE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles {Contlnued) 1.10 Leases Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of oymership to th8 les8888. All other leases are classffied as operating leases. Assets held under finance leases are recognised as assets at the low of the assets fair value at the date of Inception 8nd the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capltal and interest elements. The interest is charged to net incomel(exp&nditure) for the year 80 as to produce a constant periodic rate of interest on the remaining balance of the liablllty. Crltlcal accountlng estlmatss and Judgem•nt8 In the application of the charity'8 accountlng pollcles, the Trustees are required to make judgements, estimates and assumptlons about the carrylng amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historic41 experience 8nd other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongolng basls. Revlslons to accounting estimates are recognised in the period in which the e8timat8 Is revlsed where the revision affects mly that period, or in the period of the revision and future perlods where the revision affects both current and future periods. Income from donatlon• and legacle8 Unrestrlctsd Unre8trfctod fund8 fund8 2024 2023 Donations and gifts 3,317 8,283 Income from charltablo actlvlti 2024 2023 Fees from local authorities 1,973,657 1,838,023 Incom& from Investments Unrestrlcted Unrestricted funds funds 2024 2023 Int8r8St receivable 14,828 2,227 16-
HOPE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other Income UnreStrIct Unre8trlcted funds funds 2024 2023 HI purchase refund 12.100 Exp•ndlture on charltabl• actlvltles 2024 2023 Staff costs Depreciation and impaimi•nt staff training Equipment, furnlture and resources School trips School unifomi Other school expenses Sensory integration. therapy and counselling School food Rent Light and heat Water rates Repairs and maintenanca Motor expenses Insurance Printing, postage and st8tlon&ry Telephone and data cost Dlsclosure and barring seNico Sundry expen8es 974,774 22,980 35,700 52,975 2,923 4,838 19,293 28,349 14,787 29,354 33,693 880 25,839 5.978 40,852 1,993 35,495 777 6,422 895,522 19,433 38,999 37,897 774 4,593 18,358 22,361 13,911 31,510 22,333 728 45,156 9.156 48,880 1,779 35,650 830 3,070 1,337.880 1,250,940 Share of governance costs (see note 8) 37,834 43,274 1.375,714 1,294,214 Analys18 by fund Unrestricted funds 1,375,714 1.375,714 For the year ended 31 December 2023 unStrICted funds 1.294,214 1.294,214 17-
HOPE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Governance costs 2024 2023 Accountancy fees Audit fees Legal & professlonal fees 22,469 7,338 8,027 20,894 10.272 12,108 37,834 43,274 Net mov•mont In funds 2024 2023 The net movement in funds is stated after chargingl(crediting): Depreciation of owned tsnglble fixed assets 22,960 19,432 10 Trustees Trustees recalved £nil of remuneration Sn 2024 (2023: £nil). No expenses havè been pald out to the trustees In 2024 (2023: £nll). 11 employ•o8 The average monthly number employees during year was: 2024 Number 2023 Number 31 29 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 855,349 61,971 57,454 797,728 52,616 39,724 974,774 895,522 There VRS 1 employee (2023.. 1) who received total employee benefits of more than £60.000. The number of employees whose annual remuneration was more than £60,000 is as foll0v. 2024 Number 2023 Number £90,001-£100.000 18-
HOPE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Employees {Contlnued) Remuneratlon of key management personnel 2024 2023 Aggregate comp8ns8tlon 99,430 90,903 12 Flnanco Intern8t Unrestrlctod Unrestricted fund$ funds 2024 2023 Flnancing costs (213) 1,093 13 Taxatlon The charlty Is exempt from tax on income and gains falling within sect5on 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Galns Act 1992 to the extent that these are applied to its charitable objects. 14 Tanglble flxed a88ets Lea8ahold Flxtur•¥ and Improv•m?nts flttlng Comput•rn Motor v•hl¢le8 Total Cost At 1 January 2024 Additions 20.574 19,746 5,087 2,850 44,278 20.400 98,945 168,884 42,996 At 31 December 2024 40.320 7,937 64,678 98,945 211,880 Depreclatlon and Impalrment At 1 January 2024 Depreciation charged in the year 5,486 2,223 1,279 987 19.196 17,053 88.160 2,697 114,121 22,960 At 31 December 2024 7.709 2,266 36,249 90,857 137,081 Carrying amount At 31 December 2024 32.611 5,671 28,429 8,088 74,799 At 31 December 2023 15,088 3,807 25,081 10,785 54,781 19-
HOPE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Debtors 2024 2023 Amounts falling due wlthln on• year: Trade debtors Other debtors Prepayments and accrued Income 40,103 3,200 8,486 3,222 11,686 43,325 16 Credltorn: amounts falllng due wlthln one year 2024 2023 Notes Obllgatlon8 under finance leases Other taxation arKI 80cial securlty Trade credltors Other creditors Accruals and deferred income 17 2,173 14,298 16,815 6,127 19,233 16,852 23,724 9,457 18,320 68,353 58,646 17 Flnanc•18a88 obllgatlons Future minimum lease payments due under finance leases: 2024 2023 Wthin one year Ilfjthin two and five years 934 20,269 1,062 1,763 21,203 2,825 18 Deferred Income Deferred income is included in the fin8ncial statements as follows: 2024 2023 Deferred income 8t 1 January 2024 Released from previous perlods 550,749 (550,749) Deferred income at 31 December 2024 Deferred income represents amounts reiVed in advance from Icral authorities relating to post year end term fees.
HOPE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Retlrement benefit schemes 2024 2023 Deflned contrlbutlon schemes Charge to profit or loss in respect of defined contribution sch8mes 57,454 39,724 The charity operates a defined contribution pension Scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an Independently administered fund. 20 Unrestrfctod funds The unrestricted funds of the charity comprise the unexpended balances of donattons and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These Indude designated funds which have been set aside out of unrestricted funds by the tru8t889 for specific purposes. At 1 January Incomlng Resourc08 2024 resources expended At31 D•c•mber 2024 General funds 582,754 1,991,802 (1,375,501) 1,199,055 Prevlou8 year: At 1 January 2023 Incomlng Resou93 resources exponded At31 Decemb•r 2023 General funds 17,428 1,860.633 (1,295,307) 582,754 21 Cash generated from operatlons 2024 2023 Surplus for the year 616,301 565,326 Adjustments for: Investment income recognised In statement of financial activities Depreciation and Impainnent of tangible fixed assets (14,828) 22,960 (2,227) 19,433 Movements in working capital: Decrease in debtors Increa8el(decr8a8e) In creditors 31,639 11,878 420,576 {586,604) Cash generated from operatlons 667,950 416,504 21