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 p￿VIdeS every student wrfh support when they need It - for them to develop into h8ppy, healthy, and secure young adults who 8re prepa￿d for adult life, Our Core Values ...Ar8 based on the r&cognition Ihat many of our students have h8d difficult Joumeys before a￿1ving at Hope Housg school. Educational provision has been inappropn'ate, often resultlng In several adverse experiences for both the young person and thelr famlly. The￿rOre, 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 w0￿1ng toget17er with pegrs and 8dults, to bulld positive relationships. R818tionships unde4)in our values at Hope Hous8 school. We Unde￿18nd 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 enSU￿ng the voice of our young p80ple is heard thmugh PRIDE (Peace, Respect, Independence, Detennin8È￿n 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 accr￿lted 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 t￿iCe 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 COMM￿ad 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 f￿an￿ 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 th￿e 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 infom*tion of whk* they aro 8w8r8 which 18 relovant to the audit. but of wthlch the auditorls un3v￿re. 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 y￿11 contlnue in operation. The Trustees are responslble for keeping adequate accountSng records that di￿1088 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 p￿pare 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