REGisfERED COMPANY NUMBER: 01164455 (England and Wales) CHA REGISTRATION NUMBER: 267174 Fl Elllot Woolfe & Rose Aud and Advlsory Services LLP Chartered accountants & ststutory audltors Devonshire Flouse 582 Honeypot Lane Stanmore Mlddlesex HA7 IJS
Holland House chool ontents of the Financi forth Y ed31Au ust 2025 Page Reference and Administrative Details Report of the Governors Governance Statement statement on Regularity, Proprlety and Complian statement of Governors, Responsibilltles Report of the Independent Auditors 10-12 Statement of Flnanclal Activities 13 Balance Sheet 14 sh Flow Statement 15 Notes to the Cash Flow Statement 16 Notes to the Flnancial Statements 17-27
Hollan House School minl MEMBERS: Mr A Mehta (appolnted 16.10.24) Mr S Shah {appolnted 10,9.241 Mr V Chohan (appointed 10.9.24) (Igned 1.7.25) Ms R Kantaria Ms S Tharcm) Mr K J Patel Mr P H Mehta MrNMShah Ms K N Majeethia Mr S Wllson GOVERNORS Mr P H Mehta M5 R Kantarfa Ms K N Majeethla Mr K J Patel Mr S Shah (appolntrd 10.9.24) MrNMShah Ms S Tharoo Mr S Wllson Mr A Mehta (appolnted 16.10.24) Mr V Chohan (appointed 10.9.24) (reslgned 1.7.25) REGISTERED CHARrrY NUMBER 0267174 HEAD TEACHER Emlly Brown BURSAR Hlren Shah BANKERS Uoyds Bank I Silver Street Enfield ENI 3EE WEBsrrE https'.l/www.hollandhovse.ory.LEV REGISTERED OFFZCE Holland House School l Broadhurst Avenue Edgware Middlesex HA8 8TP REGISTERED COMPANY NUMBER 01164455 (England and Wales) AUDXTORS Elllot Woolfe & Rose Audlt and Advisory SeNlces LLP Chartered accountants & statutory auditors Devonshlre House 582 Honeypot Lane Stsnmore Mlddlesex HA7 IJS Page I
Holland ou esc 00 ov rn The trustees, who are also dlrector5 of the charlty for the purposes of the Companles Act 2006 and governors of the school, present thelr report and financlal statements for the year ended 31 August 2025. The tenrs 'trustee', 'govemoP and 'dlrertorf are used interchangeably throughout thls report. The governors have adopted the provlslons of Accounting and Reportlng by Charltles- Ststement of Recommended Prattlce appllcable tctr charities preparfng thelr flnancial statements in accordance wlth the Flnanclal Reportlng Standard applicable In the UK and Republlc of Ireland (FRS102) Icharltles SORP (FRS102) effertSve l January 2019). Alm6 and obJ•ctiv•s The company is reglstered as a charitable company Ilmlted by guarantee and Is governed by Its Memorandum and Artlcles of As50Liation as Incory)orated on 26 March 1974, and subsequently afflended by speclal resolutlons dated 18 September 1975, 8 May 2003 and 19 March 2020. Per the Amended Memorandum: Yhe Objert for whlch the AocIation is establlshed Is to promote and provide for the advancement of educatlon and In connecbon therewlth to conduct, cary on, acqulre and develop In the Unlted Klngdom any Boarding or day sthool or sthools or college or colleges for the educatton of chIldn and young persons of elther sex or both sexe5'. The prlnclpal objectlve and artlvlty of the charty Is to promote and provlde for the advancement of edutatlon for boys and glrls from 4 to 11 years of age. The school offers a dlstinctlve educatlonal experience wlth a broad, Induslve currlculum and a culture of hlgh expectation wlth all puplls fulfllllng thelr all-round potertlal. The school's WebSe (wvrn.hollandhou5e.org.uk) provldes further detèlls Of the artlvltles that It undertakes as well as the detalls of the school. Holland House School Is regarded In the communty as belng dlstlnctFve because It offers a wami famlly envlronment with the posslbility of achleving hlgh acadèmic standards. Puplls, progfftss Is monltored through eleven plu5 errtran exams. adIng seores and contlnuous assessment. Academle excellence Is vlewed as a prtortty. Puplls are taught to a hlgh stsndard In a wlde number of subjects and the curriculum Is broad, covedng the National Curriculum and beyond. In settlng our obJethve5 and plannlng our activltles the Trustees have consldered the Charlty Comm15$1on's general guldance on publlc benefit and to Its supplementary public benefit guldance on advanclng education and on fee charylng. In thls Spect, the Governor5 of Holland House School operdte a bursary fund from which grants tan be made for the benefit of a chlld who qualifies for entry to the school but whose parents cannot afford the full fees. There were 3 children on a bursary In the year to 31 August 2025 (I full and 2 partial). The school supported several other charitable causes whlch are detsiled below. The trustees are SpOnSIble for setdng a strategy for achievlng the Dbjectlves they have set. The ft)¢US of our strategy is on the development of our pupils in all aspects. partlcularly their wellbelngi and on thelr contlnued hlgh level of academlc and extrd-currl(wlar achievement. We set our fees at a level to ensure the long-tem financlal vlabillty of the school whlle at the same tlme ensurlng we can dallver an excellent education to our puplls, To admit a prospertlve pupll, we need to be satlsfied that our school wlll be able to educate and develop them to the best of theSr potenJal and In line with the general standards ad)ieved by thelr peers. A sedes of entrance a55e5sments are undertaken by the head to satlsfy ourselves and parents that potertial puplls can thrfve wh1n the pace of leaming and benefit from the education we provlde, whlle enjoylng the challenges ahead. We do not discriminate on the grounds of an Individual's econornlc statUS1 gender, ethnldty. race, rellglon, or dlsablllty. Page 2
Holland House School ve The school follows the followlng pollcy documents and procedures to promote the welfrare of both puplls and staff,, these have all been updated In the acadernlc year Sep-24 to Aug-25'. 15a Adm155iens Pollcy HHS - May 2024 loa Antl-8ullylng & Antl-Raclsm Pollcy HHS - Being revlew February 2025 Attendance Pc*llcy HHS - Belng vIeW September 2025 Before and After-school Clubs Policy for Parent Pollcy HHS - Being revlew July 2025 9a Behavlour, Dlsclpline, Rewards arKI Sanction5 Policy HHS ccrv Pollcy HHS - January 2025 33a Complalnts Pollcy HHS - March 2025 2a Currfculum Pollcy HHS Being review September 2025 E-safety Policy HHS -Being revlew September 2025 14d rrtp and Excursion Policy HHS - 16 January 2025 17a Equal Opportunltles Pollcy - Pupils HHS - May 2024 12b Flre Safety Policy HHS March 2024 13a- Flrst Ald Pollcy HHS- June 2025 Gender Questlonlng and Soual Transitk>n Pollcy HHS - Being review May 2025 11- Health, Safety and SecurTty Pollcy HH& 16 January 2025 Pupll Mental Heah and Wellbeing Policy HHS- Belng Review May 2025 Prlvacy notlce Policy HHS PSHE Policy HHS- Being review May 2025 16a Risk Assessment Policy, Including 16b Risky Areas HHS- 16 January 2025 RSE Policy HHS - Belng revlew May 2025 7a Safeguardlng Pollcy HHS-I September 2025 18a Safer Recrultment Pollcrf HSS- Belng review September 2025 SpecFal Educational Neeijs And Dlsabllities Poliry Including Engllsh As An Addltional Language Pollcy HHS- Belng revlew September 2025 14a Pupll Supervlslon Policy HSS- Being Review February 2025 3a Teachlng, Markingi Assessment, Recordlng and Reportlng Pollcy HHS -8elng Revlew Aprll 2024 Walking to and from school wtthout an adult Policy HHS Data Protettion Policy HHS Page 3
Holl d House School rn ACHIEVEMENTS AND PERFORMANCE The school has contlnued to thrfve, and academlc and extracurtlcvlar opportunltles have contlnued to Increase. The sthtsol a¢compllshed main objettlve of continued achlevement of excellent a¢ademl¢ performance by each Indlvldual pupil. The eduGltlonal perfomiance of the school Is excellent, as dernonstrated by the outstandlng Il+ examlnatlon results. These are to be found on the Sthool Website and are updated annuallv. In addition to academlc subjects. In keeplng wlth the Khool's alm to prcsvlde a broad and balanced currlculum, all puplls have lessons In , art, drama. muslc and PE as part of the school tlmetable. The new academlc year Saw the contlnuadon of all wrap-around provlsions Includlng actlvltles suth as Robotlc5, Readlng for Meaningi Dance, Crltical Thlnklng. Debating Club, Chess. and Art aub. School outlngs contlnued to run suctesshjlly wlth the year 5 and 6 classes golng on a Fnch trlp and a resldential Bushcraft trfp was arrange¢J for year 4 whllst the year 3 had a trlp to Knebworth House. Thls year, the receptlon class and year one enjoyed a day at Wlldtlme Edueatlon, In addltlon receptlon also vlslted Hertfordshlre Zoo and year l enjoyed a trfp to Mill Green. Year 2 v151ted FSC Amersham and the Harry Potter Studlo. The year was finlshed off wlth a prlze-glvlng rnony for all the d)Ildren and a year 6 playi Beauty and the Beast. The puplls contlnue to be encouraged to develop into re5ponslble and compasslonate rnernbers of society whereby the puplls, parents ar staff were able to raise a total of £976 for charltles.. Jeans for Genes (£116), Y6 book sale {£302), Y6 raffle (£288) and Y6 Camlval (É270). Puplls are encouraged to take responslblltty and several responsibllities have been added thls year to enable more puplls to benefit. The responslbllttles are as follows.. A Head Glrl, Sports Prefect, two Ltteracy Prefects, Clvlc, Intelle(tual, Perft)rrnan and Moral Ambassadors. Each class elects puplls to represent them In the school councll, and each dass has tts own mon1t0. They undertake ts5ks such as collectlon of reglsters and lunch slips, taking of messages. dearing away after clas5, helplng youngor chlldren durlng breaktime, etc. Ad hoc roles are glven sueh as support In the lunch hall, reading and playlng with younger pupils. All pup115 are encouraged to develop mutual respect and behave wlth maturlty. Safeguardlng and promotlng the welfare of pupils, as alwaysi Is a top prlorty and staff and Governlnu Ddy have all recelved tralnlng in child protecuon, e-saftty, and belng aware of the 51gns and dangers of radlcallsatlon (as required by the Govemment's Prevent Strategy). The school provided all children wlth e-safety presentation this year and has a Deslgnated Safeguardlng Lead and a Governor speclflc8lly sponslble for safeguardlng. During the year, an average of 147 pupils attended the school (5 of whlch Jolned In March from St. Hlldas school). Durlng the year 3 members of staff left, Reena Damani the Edueatlon ond Interventions Offlcer, Lauren Van der Valk the Year 6 teacher and Anne Wold the Muslc teacher. We welcomed Kathleen Hughes (Dance and Drama) and Sylvla Kozon (Wellbelng and Support Offlcer). FINANCIAL REVIEW Re$erves pollcy The charlty's total fijnds at the balance sheet date amounted to £3.993,C124 (2024: £3.655,037) of which free reserves, excludlng those tled up In flxed assets, amount to a surplus of £444,311 (2024,, £103,020) Et Is the Govemors, intentlon to bulld free reserves over a period of flve years. The Govemors regard thls a5 a sufflclent level of reserves because the school also has an investment property portfolio whlch can be realised If required. Page 4
Iland Hous School erno FINANCIAL REVIEW wets Under the memorandum of associatlon, the charity has the power to make any Investment that the Governors see fft. The Governors have adopted a low-msk Investment pollcy by malntalnlng funds In deposlt accounts to ensure that they are readlly avallable should they be requlred. We alsc* have Investments In pmperty near the school. Tr rental income from these has helped keep fees low. There are some Intemal and external pressures faclng the school In the comlng years which may pose a risk to the flnanclal performance of the school. We may need to employ additlonal staff members to meet legal minimums and slgnlficant health and safety and premise5 malntsnance expenditure Is antlclpated In comlng years, External pre$5ures Indudlng another Increase In the Teachers, Penslons scheme from 2024. a 105s of buslness rates rellef from Aprfjl 2025 and VAT in Independent school fees appllcable from January 2025, together they represent a slgnlflcant risk to flnandal posldon. We are however aware of these rlsks and have prepared ourselve5 accordlngty and managlng the cost base of the school whllst malntglnlng the hl9hest standard of education. PLANS FOR THE FirruRE It Is the Intentlon of the trustees to continue wlth the exlstbng strategy of malntalning the hlgh stsndards of the school In an Increaslngly cornpetltjve market. They w511 contlnue to Invest in staff and Infrastrutture to fijlfll the objectives. Investment wlll continue to be financed by fee income 8nd Investment Incorne, and from reserves If the return trn the investment merits it. Trustees need to maintain a balance between ensurtng current pupils benefft while at the same tIrr ensuring there Is a strong financial base for the future. SAFEGUARDING The Board takes Its responsibility for safeguarding the pupils extremely seriously and desplte referrlng to It previously, emphaslse the significant importance that safeguardlng takes in the management of the school. The school has developed a serles of policies and prO$se$ to ensure best practlces are put Into place. There is a dedlcated safeguardlng lead teacher. and the Chair of the Governors has a speclfic Safeguarding remlt. The school regUlaV provldes accredited safeguardlng tralnlng to all teachers Hnd Governors. All 5igniflcant Issues are ralsed wrth the safeguarding leaé as well as the Chalr of the Governgr5, and lessons learned from Issues are assessed and usetl to adapt pollcles and processes In conjunrtlon with the latest external developments to ensu our controls dynamic and reflertlve of the latest prattical and theoretlcal developments. A most recent ISI regulatory Inspection (February 2025) hlghlighted several posltive areas but dld identify a complIan gap with regards to Flrst Ald provlslon for the Early Years Foundation Stage. The school responded qulckly to address the Issue wlth addltlonal staff completlng the requlred tralnlng. A follow up Inspectlon in luly conflrmed the schotsl was fully compllant. Page 5
Holland Hou e School vern STRucniRI. GOVERNANCE AND MANAGEMENT The Governor5 meet temily Inctudlng an Annual Generdl Meettng whlch Is usually held In May/June. Worklng groups are set up by the Governors to addre and advise on specific Issues, such as details of future éevelDpmentSy property, 5afeguardlng, and finaf)ce. Day-to-day operatlonal decisions are made by Mrs E Bmwn, the Head, and other members of the Senlor Leadership Team, whlch Is made up of Deputy Head. a Designatlng Safeguardlng Head and Bursar. The Governors set remunaratlon taklng Into conslderatlon external environmental fartQT5, which influence recrultlng and retentlon, alongslde other relevant Issues, such as affordablllty. A robust approach to the recrultment Cbf new TNstees Is taken. The Board of Governors are conxlous of the slze of the school and the need to ensure that the Board has an approprlate range of appllcable skllls, a mlx of parent and non-parent Trustees. whlle enabllng the aglle attlwty that a communlty school qulres. New Trustee5 are Idendfled through a four-stage prosS. Initlally open campalgns are advertlsed, with speclflc sklll sets fmm applicants consldered for progre5slon. Indlvldual inteNSews are condutted wlth current Trustees. prfor to appropriate candldates belng progressed to stage three, attendance at a Full Govemors Board IFGB) meeting. The applicants, skills and behavlovrally appropriate performance at the FGB Is conslderedi prlor to flnal dedslons belng made by the FGB, vla a resolutlon of the Governors. The Governors of the charltable wmpany are Its Trustees for the purpose of charfty law. The a no other Governors. The Governors who served throughout the perlod and up to the date of thls report are set out below. A Board of Governors governs the company. In a¢xordance with Holland House's latest Artlcles of A55Dclatlon, the number of Governors shall not be subjett to any maxlmum and the mlnlmum number In offlce at any glven tlme must be three untll otherwlse determined by a general meetlng. Upon appolntment, each Govemor reIveS detèlled briefings about the charity. The Governors recelve support and ongoing training in the areas In which they may have speclfic responsibility or detailed Involvement. There is currently a very good mlx of skllls amongst the Board of Governors wtth people havlng legal, educatlonal, property and flnandal backgrounds. The Board of Governors detemilnes the general pollcy of the company. Details of related party transactlDns arg Included In the notes ts the finandal siatements. AVDrroRS The audltor5. Elllot Woolfe & Rose Audit and AAvisory Servlces LLP, wlll be proposed for re-appolntment at the forthcoming Annua5 General Meeting. Approved by order of the board of governors on 23 Detrmber 2025 and slgnetl on Its behalf by.. Mr N M Shah- Governor Page 6
Holland House School vernance Statem e Year Ende SCOPE OF RESPONSIBILrrY As governors, we acknowledge we have overall responslbllity for ensuring that Holland House School has an effertive and approprlate system of control, financial and otherwlse. However such a system is deslgned to manage rather than eliminate the rlsk of failure to achieve business objectlves, and can provide only reasonable and not absolute assurance against material misstatement of loss. The board of governors has delegated the day-to-day responslblllty to the Bursar, as accounting officer, for ensuring financial controls conform with the requirements of both propriety and good financial management and In accordance with the requirements and responslbilities assigned to it in the fundlng agreement between Holland House School and the Secretary of State for Educatlon. They are also responsible for reporting to the board of governors any material weaknesses or breakdowns in Intemal control. REVIEW OF VALUE FOR MONEY As accountlng officer, the Bursar has responsibility for ensurlng that the academy delivers good value in the use of public resources. The accounting officer understands that value for money refers to educational and wlder societal outcomes, as well as estates safety and management, achieved In return for the taxpayer resources received. The accounting officer considers how the academy's use of its resources has provlded good value for money durlng each academic year, and reports to the board of governors where value for money can be improved, including the use of benchmarklng data or by using a framework where appropriate. THE PURPOSE OF THE SYSTEM OF INTERNAL CONTROL The systern of internal control Is designed to manage risk to a reasonable level rather than to eliminate all risk of fallure to achieve policies, aims and objectives. It can therefore only provide asOnable and not absolute assurance of effettiveness. The system of internal control is based on an on-going process designed to identify and prioritise the risks to the achievement of academy policies, aims and obJectives, to evaluate the likellhood of those risks being realised and the Impact should they be realised, and to manage them efflclently, effectively and economlcally. The system of internal control has been In place In Holland House School for the period I September 2024 to 31 August 2025 and up to the date of approval of the annual report and financial statements. CAPACITY TO HANDLE RISK The board of governors has revlewed the key rlsks to which the academy Ss exposed together with the operating, flnanclal and compliance controls that have been Implemented to mitigate those rlsks. The board of governors is of the view that there is a formal on-going process for identifying, evaluating and managing the academy's significant risks that has been in place for the period I September 2024 to 31 August 2025 and up to the date of approval of the annual report and financial statements. This process is regularly reviewed by the board of governors. CONCLUS1014 Based on the advice of the audit and risk commlttee and the accounting officer, the board of governors is of the opinion that the academy has an aLtequate and effertlve framework for governan, risk management and control. Approved by order of the members of the board of trustees on 23 December 2025 and signed on its behalf by.. Mr N M Shah - Governor Mr H Shah - Bursar Page 7
Holland House School ment on Re ularit Pro Year Ended 31 Au ust 2025 A5 accountlng offlcer of Holland House school, I confirm that I have had due regard to the framework of authorltles governing regularlty, propriety and compliance, Includlng the tru5t'5 funding agreement with DfE, and the reqLJirement5 of the Academy Trust Handbook, Includlng responsibilities for estates safety and management. I have also consldered my responslbllity to notlfy the academy board of governors and DfE of material Irregularity, impropriety and non-compliance with terms and conditions of all funding, including for estates safety and management. L confirm that l and the board of governors are able to identify any rnaterlal Irregular or Improper use of funds by the academy, or material non-compliance with the framework of authorities. I confirm that no instances of material &rgularItY, Impropriety or non-compliance have been discovered to date. If any Instances are identified after the date of thi5 Statement, these wlll be notifled to the board of governor5 and Department for Educatlon. Mr H Shah - Bursar 23 December 2025 Page 8
Hollan House School en The governors (who act as trustees of Holland House Sdjool and are also the dlrectors of the charltsble company for the purposes of company law) are responSIb for preparlng the Report of the Govemors and the flnancial statements In accordance wlth the Academle5 Accounts Dlrertlon publlshed by the Department for Educatlon, Unlted Klngdom Accountlng Standards (Vnlted Klngdom Generally Accepted Accountlng Prattice) and appllcable law and regulauons. Company law requlres the governors to Prepa flnanoal ststements for each flnanclal year. Under company law the governors must not approve the finanaal statements unless they are satlsfied that they glve a true and fair vlew of the 5tste of affairs of the charitable company and of the Incomlng resOurS and applicatlon of resource5, including the Inrne and expendlture. of the chadtable company for that period. In preparlng those flnancial statements. the governors are requlred to seleLt sultable accountlng pollcles and then apply them cons15tertty; obseNe the methods and pdnclples In the Charttles SORP 2019 and the Academles Accounts Dlrertlon 2024 to 2025. make Judgements and estlmates that are aSOnable and prudent; prepare the flnancial statements on the going concern basls unless It Is Inapproprfate to presume that the charltable company wlll contlnue in buslness. The governor5 are responslble for keeplng adequate aCUntIng records that are sufflclent to show and explaln the charttable company'5 tran5attions and dlsclose wfch reasonable accuracy at any tlme the financlal position of the charltable company and to enable them to enslrre that the finandal statements compty wlth the Companles Act 2006. They are also responslble for sateguarding the assets of the charltable company and hen for takSng reasonable steps for the prevention and detectlon of fraud and other Irregularftles. The governors are responslble for ensurlng that In Its condurt antl operatlon the charttable company applles flnanclal and other controls, whlch conform with the requlrements both of propriety and of good finandal management. They a also responslble for ensudng grants received from the EFSWDfE have been applied for the purposes Intended. In so far as the governors are aware.. there Is no relevant audlt infom)ation of which the charitable company's auditors are unaware. and the governors have taken all steps that they ought to have taken to make themselves aware of any relevant audlt Information and to establlsh that the auditors a aware of that infvrmatlon. Approved by order of the board of governors on 23 December 2025 and slgned on its behalf by.. Mr N M Shah - Governor Page 9
dit Oplnio We have audlted the flnandal statements of Holland House School (the 'academy') for the year ended 31 August 2025 which comprise the Statement of Flnanci81 Activities, the Balance Sheet, the Cash Flow ststement and notes to the flnancial staternents, including a summary of signlficant accountlng policie5. The flnanclal reportlng framework that has been applied in their prepatIon Is appllcable law, Unlted Klngdom Accounting Standards (Unlted Kingdom Generally Accepted Accountlng Prattlce) and the Accounts Dlrectlon 2D24 to 2025 Issued by the Department for Educatlon (DE). In our oplnlon the flnanclal #atements: glve a twe and falr vlew of the state of the academy's affalrs as at 31 August 2025 and of Its Incomlng resources and applIcatn of resources, including Its Income and expenditure, for the year then ended; have been properly prepared in accordance wlth United Kingdom Generally Attepted Accountlng Pract1,. have been prepared In accordan wlth the requirements ot the Companles Act 2006. and have been prepared In accordan wlth the Charltles SORP 2019 and Academles Accounts Dlrettlon 2024 te 2025. Ba81s for oplnlon We condurted our audlt In accordance with Internatyonal Standard5 on Audng (UK) IISAS (UKI) and appllcable law. Our responsibilities under those stsndards art fijrther de5crlbed In the Auditors, responslbilltle5 for the audit of the finandal statements sectlon of our report. We are Independent of the cademy in accordance wlth the ethical quIrernents that a relevant to our audit of the financlal statements In the UK Includlng the FRCS Ethlcal Standard, and we have fulfllled our other ethlcal respDnslbllitles In accordance wlth these reqU1Ments. We belleve that the audft evldence we have obtabned Is sufflclent and approprlate to provlde a basls for our oplnlon. Conclwslons relatlng to golng ¢on¢•rn In audltlng the flnanclal statements, we have concluded that the govemors, use of the golng concern basls of accounting in the preparation of the financlal statements 15 approprlate. Based on the work we have perfomed. we have not Idertlfled any materlal uncertalntles relatlng to events or condltlons that, Indlvldually or collecbvely. may cast significant doubt on the academy's abillty to contlnue as a oolng concern for a period of at least e1ve months from when the financial statements are authorbsed for Issue. Our respon51bllltles and the responsiblllties of the governors wlth respett to going conrn are descrlbed IrTr the relevant 5eLtlons of thls report. oth•r Informat50 The governors are responsible for the other Irfforfnatlon. The other Inforniatlon comprlses the Informatlon 5ncluded In the Annual Report, other than the flnanclal statements and our Report of the Independent Audittsrs thereon. Qur Dplnlon on the ffnanclal statements does not cover the other Infomiauon and, except to the extent otherwlse expllcltly ststed In our report. we do not expre any fomi of assurance contluslon thereon. In connectlon wlth our audlt of the flnandal statements. our respon51billty Is to read the other Informatlon and, In dolng so. conslder whether the other Infom)ation Is materially inconsistent wlth the flnancial statements or our knowledge obtalned In the audlt or otherwlse appears to be materlally mlsstated. If we Identlfy such materfal Inconsistendes or apparent material mlsstatements, we are required to detemine whether this glves rfse to a matertal mls5tstement In the financlal statements themselve5. If, based on the work we have perfonned, we condude that there is a materlal MItatement of thls other Informatlon, we are requlred to report that fart. We have nothlng to report In thls regard. Oplnlons oll other matt4rs pres¢rlb•d by the COmnI¢S Act 2006 In our opinlon. based on the work undertaken In the course of the audlt: the informatlon given In the Report of the Governors for the flnanclal year for whlch the financlal Statements are prepared 15 consistent with the financial statements. and the Report of the Governors has been prepared In accordance wlth appllcable legal requlrements. Pa9e 10
Al Mattars on whlch we ara rnqulred to r•port by exceptlon In the Ilght of the knowledge and understandlng of the academy and Its environment obtained In the course of the audlt, we have not Iderttlfied materlal misstatements In the Report of the Governors. We have nothlng to port in respect of the followlng matters where the Companles Act 2U06 requlres us to report to you If, In our oplnlon.. adequats accountlng records have not been kept or returns adequate for our audlt have not been. recelved from branches not vlsited by us; or the flnancial statements are not in agreement with the accountlng records and retums,. or certabn dlsclosures of governors, remuneratlon 5pecffied by law are not Tnade; or we have not reiVed all the infomatlon and explanions we requlre for our audit: or the yovernors were rtot entided to take advantage of the small companles exemptlon from the requlrernent to prepare a Strateglc Report or In preparing the Report of the Govemors. Respon8lbilltl¢s of governors As explalned more fvlly In the Statement of Governors. Responslbllitles, the governors {whctr are also the dlreciors of the charltable company for the purposes of company law) are responslb1e for the preparatlon of the flnandal statements and for being sattsfied that they glve a true and falr vlew, and for such Internal control as thè governors detemilne Is necessary tr) enable the preparation Lif financlal statements that are free trom materlal mlsstatemenL whether due to fraud or error. In preparlng the flnanclal statements, the govemors are responsible for assess5ng the academy'5 abllity to contlnue as a oolng concerft, dlscloslng, as applicable, matters related to golng concern and uslng the golng concern basls of accounting unle55 the governor5 either Intend to Ilquldate the academy or to cease operatlons, or have no reallstlc alternatlve but tr) do so. Audltor's r•6p¢Jnslbiliti•s frjr Ihe •udlt of th• flMndal ststsments Our objectives are to obtaln reasonable assurance about whether the flnanclal statements as a whole are free from materlal m155tatement, whether due to fraud or error, and to Issue a Report of the Independent Audltors that Includes our oplnlon. Reasonable assurance Is a hlgh level of assurance, but is not a guarantee that audit conducted in accordance wth ISAS (UK) wlll always detett a materlal mlsstatement when it exists. Mlsstatements can arise from fvaud or error and are considered material rf, Indlvldually or In the aggregate, they could reasonably be expected to Influence the economlc declslons of users taken on the basls of these llnanclal statements. The extent to whlch our procedures are capable of detectlng Irreguladues, Indudlng fraud Is det?Il¢d below.. As part of ojjr plannlng process.. We enqulred of management the systems and controls the School has In pla, the areas of the flnanclal statsrnents that are most suscepdble to the rlsk of Irregularltles and fraud. and whether the was any know, suspected or alleged fraud. We obtalned an undetandIng of the legal and regulatory frameworks appllcable to the charltable company. We detennined that that foll¢wlng were most relevant.. the Charlty SORP, FRS 102, CharltSes Art 2011, Companles Act 2006. Employment Act 2002 and Safeguardlng Vulnerable Groups Act 2006. We consldere(i the Incentlves and opportunkifjes that exist in the school, Including the extent of management bias, whlch present a potentlal for Irregularltles and fraud to be perpetuated. and tall0d our risk assessment accordlngly. Uslng our knowledge of the school, together wlth the disojsslons held with the school at the plannSng stage, we fL)rmed a conclusioft on the risk of mi55tstement due to lThegularltles Including fraud and tallored out procedures aordIng to thls rfsk a55essrnent. The key procedures we undertook to detect Irwularities induding fraud during the course of the audlt Inclu¢Jed- Identlfylng and testing journal entrles and the overall accoundng records, In partlcular those that were slgnlfl¢ant and unusual. Revlewing that finanaal Statement dlsctosures and detemilnln9 whether accountlng PCllcles have been approxlmately applled. Page 11
Audltor'g responslbllltles for the audlt Of the flnandal •tstom•rtSqContlnue Revlewlng and challenglng the assumptions and judgements used by management on thelr slgnlflcant accountfjng estimates, in partlcular relating to property valuatlons. Assesslng the extent of compliance, or lack of, wSth the relevant laws and regulatlons. Testlng key incorne lines, In partlcular cut-off. for evldence of manaoement blas, Assesslng the key valldlty tsf the cla551flcatlon of Income, expendlture, assets and Ilablllties between unrestrlcted and deslgnated fijnds. Performing a physlcal verfficatlortr of key assets. Obtaining thlrd-party conflrmatlon of material bank statements. Documentlng and verlfylng all slgnificant related paity balances and transl*lons. Revlewlng documentatlon such as the govemoT5 board minutes for dlscussions of irregular1¢$ Includlng frèud. Owlng to the Inherent limltatlons of an audlt, there Is an unavoldable risk that we may not have detected some matertal mlsstatsments In the flnanclal statements even though we have properly planned and pÈrfornied our audlt In accordance wlth audltlng standards. The primary responslblllty for the preventlon and detecuon of Irregularltles and fraud rests with the trustees of the charfty. A further descrlptlon of our re5pon51bilities for the audlt of the flnanclal statements Is locatsd on the Flnancial Rèporting Councll's webslte at www.frc.org.uklauditotsre5ponslbllStles. This descriptlcn ftsmis part of our Report of the Independent Auditors. Us• of our r•port Th15 report is made solety to the academy's members, as a body. In accordance wh Chapter 3 of Part 16 Df the Companles Att 2006. Our audit work has been undertaken so that we mlght state to the charltable company'5 members those matters we are requlred to state to them In an audltors, report and for no other purpose. To the fvlle5tr extent perMted by law. we do not actept or assume responslblllty to anyone tsther than the charltsble company and the chaiitable company's members as a bodyl for our audlt work, for this report, or for the oplnlons we have fomied. stephen Selfert (Senlor Statutory Auditor) for and on behalf of Elllot Woolfe & Rose Audlt and Advlsory SeMces LLP Chartered accountants & statutory audltors Devonshlre House 582 Honeypot Lane Stsnmore Mlddle5ex HA7 IJS 23 December 2025 Page 12
Holland House S hool f Fl Ivi 31.8.25 Total funds 31,8.24 Total funds Unrestrtrted Restrirted fjjnd fund Notss INCOME AND ENDOWMENTS FROM Charitable aclivities Funding for the academy's educatlonal operatlons Teachlng school hub 1,997,348 96,603 1.997,348 96,603 1.928,484 Investment Income Total 2 169 020 2 1S9 020 2 002 152 EXPENDrruRE ON Charltable actlvltles Academy's educational operations 1.806,646 24,387 1,831,033 1,770,654 Total 1806 646 1 770 654 Net galns on Investments 370 000 Nyf INCOMEI(EXPENDrruRE) Transfers between furKI$ 362,374 21 085) (24,387} 337,987 601,498 Net movement In funds 341,289 13,302) 337.9B7 601,498 RecoNCXLIATION OF FUNDS Total fund5 brought forward 1.099.985 2,555,052 3,655,037 3,053,539 TOTAL FUNDS CARRIED FORWARD 1441 274 2 551 750 3 993 024 3 655 037 CONTINUING OPERATXONS All Income and expenditure derive from contlnulng actlvttles. The statement of financlal activitles Includes all galrks and losses recognlsed In the year. The notes forni part of thase ffnandal 5tai*m8nts Page 13
Holl Hou e School 31.8.25 Totsl nds 31.8.24 Total ftjnds Unrestricted Restritted fund fijnd Notes FIXED ASSErs Tanglble assets Investment property 1,203,713 1 348 037 1,203,713 2 345,ODO 1,207,015 2,345 000 io 996 963 996,963 2,551,750 3,548,713 3,552,015 CURRENT ASSErs Debtor5 Cash In hand li 479.636 1 151 001 479,636 1 151 Ocll 165 881887 1.630.637 1,630,637 862,052 CREDrroRS Amounts falllng due wlthln one year 12 (1,186,326) {1,186.326) (77g,030) NET CURRENT ASSETS 103 022 TOTAL ASSETS LE55 CURRENT IIABIIJTIES 1,441,274 2,551,750 3.993,024 3,655,037 NET ASSETS 1 441 274 2 551 750 3 993 024 3 655 037 FUNDS Restricted funds.. Deslgnated funds Unrestritted funds: General unrestrlcted funds 13 2,551,750 2,555,052 1441 274 l Q99 985 TOTAL FUNDS 3 993 024 3 655 037 These flnanclal statements have been prepared In ac(Dran wlth the provlslons applleable to tharlt8ble cornpanles subjed to the small companies wime. The financial statements were approved by the Board of Governors and authodsed for Issue on 23 December 2025 ané were slgned on Its behalf by: Mr N M Shah - Governor The note5 form part of finand81 statsments Page 14
se Scho 31.8.25 31,8.24 Notes Cash flows from operatlng actlvltleB Cash generated from operatlons nl 215 131 272 D16 Net cash provlded by operatlng actlvltles 215 131 272 016 Ca$h flows from Investlng actlvltleg Purchase of tangible fixed assets Interest received Investment rentsl Income [21,0851 2,022 (31,592) 1,503 Net cash provlded by investing aCtiVleS Change In cash and cash equlvalents In the rqportlng porlod Cash and cash equlvalents at the beglnnlng of the reportlng perlod 269,114 314,092 567 795 Cash and cash •qulv•lents at the end of the reportlng period n2 1 151 001 881 887 The note5 fDTm part of these financial staternents Page 15
se ust 20 nl. RECONCILXATION OF NET XNCOME TO NEf CASH FLOW FROM OPERATING AcrIvrrIES 31.8.25 31.8.24 Net income lor th• reportlng perlod (as per the Statement ¢1 Flnanclal Actfvltl¢8) Adjustments for: Depreciation charges Losses on Investments Interest recelved Investment rental Income {Lncreaselldecrea5e Sn debtors Increase In credltor5 337,987 601,498 24,387 55,554 (370,000) 11,503) [72,165) 292 (2,0221 (73,046) {479,471) Net cash provld¢d by op•ratI¢8 215,131 272 016 2. ANALYSIS OF CHANGES XN NEf FUNDS At 1.9.24 Cash flow At 31.8.25 Net cash Cash at bank and In hand 881 887 269 114 1 151 001 881,887 269 114 1 151,001 T¢)trl 881 887 269 114 1 151 001 The notes fom part of these flnandal statements Pa9e 16
Holland Hous School rnen Ended ust ACcOuPING POLICIES Basls of preparlng the flnanclal statements The flnanclal statements of the academy whlch Is a publlc benefit entlty under FRS 102, have been prepared in accordance with the Charftles SORP IFRS 102) 'Accountlng and Reporting by Charftles.. Statement of Recommended Practice applicable to chaFlties preparing their accounts In accordance wlth the Financlal Reporting Stsndard applicable In the UK and Republic of Ireland (FRS 1021 leffertlve l January 2019),, Flnandal Reportlng Standard 102 'The Flnandal RepgrtlrwJ standard applicable in the UK and Republic of Ireland,. the Academies Accounts Direction 2024 to 2025 Issued by the DfE, the Charltles Act 2011 and the Companles Act 2006. The flnanclal statements have been prepared under the hiorl¢al cost conventlon, as modlfled by the revaluation of certaln assets. Holland House School meets the definltlon Df a publlc benefit Èntlty under FRS 102. The flnandal statements are prepared In sterilng. whlch Is the funttlonal CLtrrency of the charltable company. Monthry amounts In these financlal stotrments are rounded to the nearest £, The flnanclal statements have been prepared under the hlstortcal $t conventlon, modlfled to Include the revaluatlon of investment pnjpertles to frdlr value. The princspal acLvunting polldes adopted are set out below. Golng Concern Conslderlng current tash flows and expected future income, the trustee5 have a reasonable expectation that the charty has adequate resour5 to Cctntinue In OperatOn for the foreseeable future, thus the trustees have contlnued to adopt the golng concern basis of accountlng In prepartng the flnanclal ststements. Incom• Income 15 rè¢tsgnSsed when the charfty Is legally entltled to It after any perfonnance condltlons have been met, the amounts can be measured rellably. and It Is probable that Income wlll be recelved. Cash donatlons are recognlsed on receipt. Other donatlons are recognlsed once the charlty has been notlfled of the donatlon. unless perfomiance conditions qUIre deferral of the amount. Income arises in the United Klngdom from educatlonal and allled actlvities and Is accounted for In the year to whlch It relates. Tultlon fees unpald at the balance sheet date and relatlng to the period to that date are brought In as Income wSth a provi51on created In respect of those ft)r whlch recoverabllity Is consldered to be doubtfttl. Fees recelved In advan at the balan sheet date are included in creditors as income of the followlng year. Investment Income Is re¢ognlsed on a reeeivable basls. Expendlture ExpendItU Is recognlsed once there Is a legal or constsuctlve obllgatlon to transfer eu)nomlc beneflt to a thlrd party, It Is probable that a transfer of economlc beneffts wlll be requSred In settlement and the amount of the obligation can be measured reliably. Expenditure Is made up of the total of direct cost5 and shared costs. including 5UPPOrt costs InvDlved in Undertang the schDol's actlvlty. DlreLt Costs attrlbutable tD a single actlvlty are allocated dlrecUy to that activity. All expenditure Is accounted for on an accruals basis. Ml expenses, includlng supptsrt costs and governance costs. are allocated to the charftable activlty in the statement of flnanclal actlvltles. Governance costs comprtse all costs Involvlng the publlc accountablllty of the charlty and Its ompllance wth regul¥tlon and good practlce. Page 17 (xintlnued...
Iland House School ACCOUNTING POLICIES - contlnued Tanglble fIX assets Depreclatlon is provlded at the following annual rates In order to wrfte off the cost less estlmated re51dual value of each asset over tts estlmated useful lffe. Freehold bulldlngs Furniture, fixtuS and flttlngs Freehold land 2% strdl9ht Ilne 20% stralght Ilne Not depreciated All assets costlng more than £500 are pItalISed. The galn or loss arislng on the dlsposal of an asset Is deternilned as the difference beeeTr the sale proceeds and the carrying value of the asset, and Is recognlsed In net Income1(expendltu) for the year. Freehold property Freehold property Is shown at cost less depreclation in the flnanclal statements. Depreciation Is recognlsed In the Statement of Finandal Actlvlties, and Freehold land is not depcIated. Inv•#tment property Investment property, which ks property hel(J to earn rentals and for capltal appcIation, is measured using the falr value model and *ated at tts falr value as at the reportlng end date. The surplus or deflclt on revaluation is recognlsed In net IncomÈl{expendlture) for the year. Impjlrnient of flxed assets At each reportlng end date, the chartty revlews the carrylng amounts of Its tangible assets to cletem)Sne whether there is any Indltation that those assets have suffered an Impalmient loss. If any such Indlcatlon exlsts, the recoverable amourt of the asset Is estlmate(i In order to determlne the extent of the lrnpalent loss (rf any). Fin•n¢lal Instruments The charlty has elected to apply the provIOn$ of Secuon 11 '6aslc Finanaal Instnjments, and Sectlon 12 '0ther Flnandal Instruments Issues, of FRS 102 to all of ts flnanclal instNments. Flnanclal Instruments 8re ognISed in the ChartS balan sheet when the charlty becomes party to the contractual provlslons of the Instnjment. Flnandal assets and Ilabilitles are offset, wtth the net amounts presented In the flnanclal statements, when there Is a legally enforceable rfght to set off the recognlsed amounts and there Is an Intenuon to settle on a net basls or to reallse the asset and settle the Ilabillty slmultaneously. Baslc flnanclal asgets Basic ffnanaal assets, which Include debtors and cash and bank balances, are Inltlally measured at transartion prjce including transactlon costs and a subsequently rrIed at amortlse(J cost uslng the effecilve Interest method unless the arrangement constitutes a flnanclng transattlon, where the trarnsactlon Ss measured at the present value of the fijture reipts dlscpunted at a markot rate of Interest. Flnanclal assets dasslfled as recelvable wh1n one year are not amortlsed. Investment propertles held a5 (Ixed assets are measured at falr value, Ba61c flnanclal Ilablllties Baslc flnancial Ilabllitles, Indudlng credltors are Intually recognlsed at transactlon pr1 unless the arrangemeNt constitute5 a flnandng transattlon, where the debt InstnJment Is measured at the present value of the future receipts discountetl at a market rate of Interest. Flnancial liabllltles classlfled as payable wlthln one year are not amortlsed. Debt Instruments are subsequently caryled at amortlsed cost. using the effectlve interest rate method. Trade credltors are obllgatlons to pay for goods or servlces that have been acqulred in the ordlnary course of operatlons from suppllers. Amounts payable are dassffied as current liabllitie5 If payment 15 due wlthln one year or less. If not, they are presented a5 non-current Ilabllltles. Page 18 contlnued...
Iland House School ACCOUNTING POLICIES - contlnu Employee beneflts The cost of any unused hollday entldement Is recognlsed In the pertod in whl¢h the employee's servltes are retelved. Termlnatlon benefits are recogni5ed Immediately as an expense when the charlty is demonstrably commltted to termlnate the employment of an employee or to provlde termlnatlon beneflts. Taxatlon The academy Is consldered to pass the tests set out In Paragraph I Schedule 6 of the Hnance Art 2010 and therefow it meets the deflnltlon of a charltable company for UK rporatIon tax purposes. AccordSnglyi the academy Is potentlally exempt from taxatlon In respect of Income or capltal galns recelved within categorfes covered by Part 11, Chapter 3 of the Corporatlon Tax Att 2010 or Sectlon 256 of the Taxation of Chargeable Galns Act 1992, to the extent that such Income or galns are applied excluslvely to tharitable purposes. Fund aca)untlng Unrestrlcted funds ran be used In acujrdance wlth the charEtable objecttves at the dlscretlon of the govemors. Restrlcted funds can only be used for particular tricted PUry15es wlthin the objerts of the academy. Restrlttlons arise when spetified by the donor or when funds are ralsed for particular restrlcted purposes. Further explanatlon of the nature and purpose of each nd is Included in the notes tts the flnanclal statements. Penslons beDer Retlrement beneflts to employees of the charttable company are provlded by the Teachers, Penslon Scheme I'TPS J and NOW Penslon Scheme. The Trs Is an unfiJnded scheme and contrlbutlons are calculated to Spad the cost of penslons over employees. worklng lives wtth the charitable company In such a way that the penslon cost Is substsntially level percentage of ojrrent and future penslonable payroll. The contributlons are determinetl by the Govemment Actuary based on quadrennial valuatlon5 uslng a prospectlve unlt credlt method. TPS Is an unfijnded mU1-emPloyer scheme wlth no undedylng asset5 to as51gn between employer5. Consequendy. the TPS Is treated as a deflned contrlbutlon scheme for accounting purposes and the contrIbutJo recognlsed in the pertod to whlch they relats. The NOW Scheme Is an auto enrolment sdieme where employers pay monthly contributlons. Thls Is a defined contributions scheme. Payments to defined contribution retirement benefit schemes are charged as an expense as the fall due. CRMCAL AccoupifiNG ESTIMATES AND JUDGEMEKrs In the appllcatlon of the thadty'5 accourrtlng polldes. the 13)vernors are requlred to make Judgements, estimates and assumptlons about the carrylng amount of assets and liabllltles that are not readily apparent from other sources. The estlmates and assoclated assumptions are based on current and future economlc and other fattors that are consIde to be relevant. Actual results may dlffer from these estimates. The estEmates and underlylng assumptlons are reviewed on an ongolng basls. Revlslons to accountlng estlmates are recognised in the period in whl¢h the e5dmate Is revlsed when the revislon affetts only that perlod, or In the perlod of the revlston and future periods when the revlsion affects both current and future pertods. Page 19
Holland House Scho nt CRrrIcAL ACCOUNTING emt4ATES AND JUDGEMENfs- contlnuad Key Bourceg of estlmatlon uncertalnty The estlmates and assumptions which have a slgnlflcant rtsk of rauslng a materlal adjustment to the carrylng amount of assets and Ilabllltles a as follows. Useful Ilves of tanglble flx•d assets Thè cost of tangible fixed assets Is depreclated over thelr estlmated useful economlc Ilfe. Changes In the expected level of usage and technological development5 could impact on tha usoful economlc lfves and the residual values of these assets; therefore, fvture depreclatlon charges could be revlsed and follow the accounting policy for tangible fixed assets. The carylng amount of the tsngible fixed assets In the balance sheet Is dlsdosed In note 10 of the flnanclal statements. Spllt b•tween Ireehokl land and bulldlng Freehold land and bullding is held at historlc cost. Management have however made the Judgement that land Is worth more than the building, hence It was deemed reasonable to assume two thlrds tsf the cost relates to the freehold land and one thlrd relates to the bulldlng. The freehold land and bulldlngs were depreciated In line with the accountlng poll. The freehold land and bulldlng Is shown In note 10. V3luatlon of Investmont propertlos Determlnlng the falr value Df the Charlty'5 Investment propertles at each balance sheet date Involves an element of estimatlon. The Govemor5 manage the resultlng estimatlon nrtaIntY by uslng Independent valuatlons on a property by property basls and by referrlng to avallable Ma&t evldence, Includlng rentsl yields and reallsed sales values for simllar propertles. FUNDXNG FOR THE ACADEMY'S CHARrrABLE ArnvmES 31.8.25 Total funds 31,8.24 Total funds Unrestricted Restrftted funds funds Educatlonal operatlons Income from the •cademy' educatlonJl op¢ratlons 1 997 348 1928 484 Other Income 96,603 INVESTMENT XNCOME 31.8.25 31.8.24 Rents recelved Interest recelvabie 73,047 72,165 Intlnued...
Ho and Hou e School EXPENDITURE 31.8.25 31.8.24 Non-pay expendtture Other Staff Premlses Total Total Charltsble •¢tlvltles A¢ademVg educat101 op•rntlons Dlrett costs 991,201 Allocated 5UPPOrt costs 206 176 133,874 430,054 1,555,129 1,5C19,775 260 879 1 197 377 451616 1 831 033 1 770 654 Net Incomel(eXpendire) is stated after thargingl(crediting): 31.8.25 31.8.24 Audltor's fee Depreclatlon - owned assÈts 21,562 21,567 CHARrrABLE AcrivrrIES- ACADEMY'S EDUCATIONAL OPERATIONS 31.8.25 Totsl funds 31.8.24 Total funds Unrestricted Restnrted funds funds Dlrett costs Support costs 1,530,742 24,387 1,555,129 275 904 1,509,775 260 879 1 806 646 1 831 033 1 77D 654 31.8.25 Total 31.8,24 Total Analysls of support costs Support staff costs Prem15es costs Govemnce costs 206.176 48,166 191,137 48,175 Total support costs STAFF cosrs 31,8.25 31.B.24 Wages and salarles Soclal secur(ty costs Operating costs of deflned benefit penslon sthemes 927,D99 105,470 157 383 934,316 99.121 169 957 1.189,952 1,203,394 Supply teacher costs 1 197 377 1 208 567 Page 21 contlnued...
Holland House School Notes t the Financlal Statemen r the Year Ended ust 2025 continued STAFF cosrs - conunued The average number of persons (induding senior management team) employed by the academy during the year was as follows: 31.8.25 22 31.8.24 17 Teachlng Stsff - full time equlvalent Ancillary staff 27 26 The number of employees v4h05e employee beneffts (excluding employer pension costs) exceeded £60,000 was: 31.8.25 31.8,24 £60,000- £69,999 £70,000 - £79,999 £80,000 - £89,999 RELATED PARTY TRANSACTIONS - TRUSTEES. REMUNERATION AND EXPENSES There was no governer5' rernuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIvrriES Unrestricted fund Restricted fund Totsl funds INCOME AND ENDOWMENTS FROM Charitable activities Funding for the academy's educational operab'ons 1.928.484 1,928,484 Investment income Totsl 2 002 152 2 D02 152 EXPENDITURE ON Charltable aCtItIeS Academy's educatlonal operations 1.715.100 55,554 1,770,654 Total 1 715 100 1770 654 Net galns on Investments 370 000 370 000 NET INCOME 287,052 314,446 601,498 RECONCILIATION OF FUNDS Total funds brought forward 812,933 2,240,606 3,053,539 TOTAL FUNDS CARRIED FORWARD 1 099 985 2 555 052 3 655 037 Page 22 contlnued...
Hol nd ouse Scho nci Ista 10. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals cosr At I September 2J24 Addltlons 1,519,162 269,587 21,085 1,788,749 At 31 August 2025 1 519 162 29D 672 1 809 834 DEPRECIATION At I September 2D24 Charge for year 339,617 242,117 581,734 At 31 August 2025 351 462 254 659 606 121 NEf BOOK VALUE At 31 August 2025 1 167 700 1 203 713 At 31 August 2024 1 179 545 1 207 015 11. INVEsfMEpif PROPERTY FAXR VALUE At I September 2024 and 31 Auyust 2025 2 345 000 NET BOOK VALUE At 31 August 2025 2 345 000 At 31 August 2024 2 345 000 Investrnent property Comse$ three IdentIal propwues. The falr valut of all propwde5 has been determined by the GoverrK)r5. The valuation was made op an oren market value basls by refe0ft to m8rket avidence of Mtal yidds and transathon for simllar propert*s. 12. DEBTORS: AMOUNTS FALLING DUE WmllN ONE YEAR 31.8.25 31.8.24 Trnde debtors 479 636 165 There was advance payment collected for the prevlous year for the School fees. 13. CREDrroRS: AMOUNTS FALUNG DUE WrnIIP4 ONE YEAR 31.8.25 31.8.24 Trade credltors Soclal securtty and other tsxes VAT Other cretlltors Deposits Aceruals and deferred Income Accrued expenses 20.958 4,843 22.660 97,547 1,014 462,861 593.946 106 494,338 239,623 1 186 326 779 03CI Deferred incorne £504,057 relates to autumn school fees relatlng to the next financlal year that have been billed In advance. Page 23 COnnued..
H Iland House School es MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.8.25 At 1.9.24 Restrlcted g•neral fund Deslgnated funds 2 551 750 Unrestrlctad fund General unrestricted funds 1,099,985 362,374 (21,085) 1,441,274 TOTAL FUNDS 3 655 037 337 987 3 993 024 Net movement In funds, Induded In the above are as follows: Incoming Resources Movement resources expended in funds Reslrfcted gen•ral fund Designated funds 24 387) Unre¥trict•d furMI General unrestrlcted fijnds 2,169,020 (1,806,646) 362,374 TOTAL FUNDS 337 987 Comparatlve$ for movom•nt in funds Net movement In fijnds At 31.8.24 At 1.9.23 Restrfrted general fund Deslgnated funds 2 240 606 2 555 052 Unrestrfcted fund General unrestrlcted funds 812,933 287,052 1,099,985 TOTAL FUNDS 3 053 539 601 498 3 655 037 Page 24 contlnued.,.
Holl nd use School tat 14. MOVEMENT IN FUNDS- conttnued Comparatlve net movement In funds, Included In the above are as follows.. Incoming Resources resources expended Gains and Movement losses In funds Restrl¢ted general fund Designated fund5 370 OQ)O 314 446 Unrestrlctod fund General unrestrlcted fvnds 2,002.152 (1.715,100) 287,052 TOTAL FUNDS 370 000 601498 15. PEP4SION AND SIMILAR OBLXGATXON The sd)eol's employees belongs to principal penslon sthemes.. the Teathers, Penslon Scheme England and Wales (TPS) for the academlc and related staff and NOW Penslon Scheme for non-teachlng staff. Teacher•. Penslon Stheme The Teachers, Penslon Scheme {TPS) 15 a ststutory, contributory, (Jefined benefit seheme, governed by the Te?chers' Penslon Scheme Regulatlons 2014. Membershlp Is autornatlc for teacher5 In academles. PJI teachers have the optlon to opt-out of the Trs followlng enrolment. The TPS is an unfunded scheme to whlch both the member and employer makes ctsntributlons, as a percentage of salary - these contrfbutlons are credlted to the Exchequer. Retlrement and other pension beneflts Ire pald by publlc funds provlded by PaHlament. Page 25 conijnued...
Holland House School 02 IS, PENSION AND SIMILAR OBUGATION - contlnued Valuatlon of the Tuchers, Panslon Schamq The Government Actuaryi uslng nom)al actuarial prlnclple5, condurts a fomial attuarlal revlew of the TPS In accordance wlth the Public Servlce Penslons (Valuatlons and Employer Ctrst Cap) Dlrectlons 2014 published by HM Treasury every 4 years. The alm of the revlew Is to ensure scheme costs are recognised and managed approprfately and the revlew speclfies the level of future contributions. Actuarlal stheme valuatlons are dependent on assumpuons about the value of future costs, deslgn of beneflts and many other fvctors. The latest athsarial valuation of the TPS was carrfed out as at 31 March 2020, The voluatlon report was publlshed by the Department for Education 27 Ottober 2023, wlth the SCAPE rate, set by applying a notional Investment return based on 1.70/0 above the rate of CPI. The key elements of the valuatton and subsequent consultation are,. Employer contrlbutlon rates set at 28.68% of pensionable pay (inc1udlng a D.08% administration levyl. Thls is an increase of 5% in employer contrlbutlons and the cost control result Is such that no change in member benefits Is needed. Total scheme Ilabllltles (penslons currently In payment and the estlmated cost of future benefltsl for servlce to the effectlve date of £262,000 mllllon and notlonal a55ets le5tlmatèd future contributlons together with the notlonal Investments held at the valuatlon date) of £222,200 mllllontr glvlng a notlonal past servFce defi'cit of £39,800 mllllon. The result of thls valuatlon was Implemented on l April 2024. The next valuatlon result Is due to be Implemented from l Aprll 2027. The employer's penslon Costs pald to TPS In the perlL)J amounted to £145,327 {2024 - £188,860). A copy of the valuatlon report and supportlng documentatlon is on the Teachers, Penslons web51te. Under the definltlons set o(Jt In FRS 102, the Trs Is an unfunded multl-ernployer penslon scheme. The academy Is unable to Idenufy Its Share of the underlylng assets and Ilabllities of the plan. Accordlnglyi the academy has taken advantsge of the exemption in FRS 102 and has accounted for Its contrlbuttons to the scheme as if it were a defined contrlbLttlon scheme. The academy has set out above the Infomiation available on the scheme. NOW PenBlon Sch•m• Non teachlng staff are member5 of the NOW Penslon Scheme whlch is a deflned contrlbutlon scheme. Durlng the year the costs pald to the NOW Penslon Scheme were £67,458 12024.. £36,847). There were no outstandlng or prepaid cortrfbutlon at elther the beglnnlng or the end of the nanclal year. e26 condnued...
I nd House School 16. RELATED PARTY DISCLOSURES The followlng amounts were re1vable on nornial ternis for fees, lunthes and outlngs In re5pert of chlldren connected with the following Govemors In the fillanclal period.- 2025 2024 vek Chowhan Sagar Shar Atesh Mehta K Patel (was a school govemor last year) S Tharoo (was a school govemor last year) 14,869 13,723 27,615 11,997 Page 27