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2025-08-31-accounts

REGISTERED COMPANY NUMBER: 01221853 (England and Wales) REGISTERED CHARITY NUMBER: 270158

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

GRANGE ROSE HILL SCHOOL LIMITED

BSR Bespoke Chartered Accountants Registered Auditors Linden House Linden Close Tunbridge Wells Kent TN4 8HH

GRANGE ROSE HILL SCHOOL LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025

Page
Report of the Trustees 1 to 8
Report of the Independent Auditors 9 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Cash Flow Statement 16
Notes to the Financial Statements 17 to 26

GRANGE ROSE HILL SCHOOL LIMITED (REGISTERED NUMBER: 01221853)

REPORT OF THE TRUSTEES for the Year Ended 31 August 2025

The Governors (who are the trustees of the charity for the purposes of the Charities Act and the directors of the charitable company for the purposes of the Companies Act) present their annual report together with the audited financial statements of Grange Rose Hill School Limited (the charitable company) for the year ended 31 August 2025. The Governors confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements and give a true and fair view of the charitable company's affairs as at 31 August 2025, having been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the requirements of the Companies Act 2006.

OBJECTIVES AND ACTIVITIES

Policies and objectives

The Objects of the charitable company, as set out in the Memorandum and Articles of Association, are to promote and provide for the advancement of education, in particular for the education of children and to supply to the pupils general instruction of the highest class together with physical, moral and religious training.

Strategies for achieving objectives

In the spirit of our school aims we work hard to provide each child with a learning experience which is one of aspiration, adventure and achievement in a nurturing, caring school. Working with integrity our pupils will:

Rose Hill School aims to offer the highest quality of teaching learning and support to all pupils in the pursuit of academic and personal excellence. We have high expectations of all of our pupils and we strive to ensure that each and every pupil can take part in the whole school curriculum and be the best versions of themselves.

In forming our objectives and overall policies for the School the Governors are mindful of the Charity Commission's guidance on public benefit.

Activities for achieving objectives

While continuing to fulfil the aims defined above, the main focus of our objectives for the year were defined in our School Development Plan. Whilst the Plan covers the complete spectrum of the objectives of the School, the main focus for the year was to:

Page 1

GRANGE ROSE HILL SCHOOL LIMITED (REGISTERED NUMBER: 01221853)

REPORT OF THE TRUSTEES for the Year Ended 31 August 2025

The management team and governing body focussed on a strategy to continue to develop and enhance the high level of education and care provided by the school.

Main activities undertaken to further the school's purposes for public benefit

We continue to make our buildings and grounds available to local and national organisations. In the past year these have included:

Our swimming pool is made available to Bishops Down Primary School, our neighbouring primary school, on a weekly basis and our other facilities such as sports hall, astro pitch, playing fields, science laboratory and theatre are also available if required.

Our staff and senior management team are encouraged to undertake voluntary and charitable work. In the last year this has included:

Community and society support is an important part of life at Rose Hill School. During the year our pupils raised a total of £2,676 (2024: £2,788) supporting a number of different charities including Comic Relief, Children in Need, Save the Children, Porchlight, St John's Church, Folly Wildlife and Project Waterfall. Over the previous five years a total of £12,185 has been raised for various local, national and international charities by the pupils at Rose Hill School.

We continue to widen access to the School through means tested bursaries, which are kept under close review.

Page 2

GRANGE ROSE HILL SCHOOL LIMITED (REGISTERED NUMBER: 01221853)

REPORT OF THE TRUSTEES for the Year Ended 31 August 2025

STRATEGIC REPORT

Achievements and performance

Key financial performance indicators

The main key financial performance indicator for the year is pupil numbers which remain relatively constant albeit with some inevitable year on year fluctuation.

The Governors are of the opinion that the net book value of the freehold land and buildings, shown in the accounts at £6,141,391 (2024: £6,355,792), are worth more than that figure but the exact value cannot be determined without professional valuations.

Review of activities

The charity principally provides education for day pupils between the ages of 3 and 13 in Tunbridge Wells. This year pupil numbers averaged 238.

The 2024-25 academic year at Rose Hill School has been filled with exceptional achievements and memorable moments across all areas of learning, arts, music, drama, and sports. Our pupils have demonstrated outstanding dedication, perseverance, and talent, and their successes are a testament to their hard work and the unwavering support of our entire school community.

A central theme this year has been hope and opportunity. At Rose Hill, these aren't vague ideals. They're woven into the fabric of our school: seen in our five keys to success and happiness, and in every child's journey through the year. These keys - Organisation, Getting Along, Confidence, Resilience, and Persistence - offer not just guidance for today, but a framework for life.

Academic achievement remains central to our aims and this year our pupils have once again shown determination, curiosity and a bit of brilliance. Our Compass framework has guided them through a broad and rigorous curriculum. and they've responded with gusto. At 11+ and 13+, we've seen exceptional results, some of the best in the area, with scholarships awarded and every pupil stretching themselves beyond expectation.

Our Year 8s' final assessments and iPQs were a triumph - every pupil rose to the challenge. But success at Rose Hill is measured not only in grades and prizes, important though they are. It is also seen in kindness shared, in courage discovered, in resilience built - and we've had this in abundance. We've seen it in our Compass curriculum, in those moments when pupils step out of their comfort zones: where they are collaborating across year groups, tackling real world challenges, developing the skills that employers may one day value, but which life will always be required, these are the rich opportunities that we provide. We've seen success in weekly sports matches, sports days, music concerts and House singing competition, in both Alice and Oliver drama productions, in the art studio and in the gathering of the Green Goblins, where teamwork, perseverance and creativity have shone.

This year has been filled with fantastic sporting moments and commendable achievements across the school. Our U11 squad proudly earned a bronze medal at the IAPS Hockey Tournament, a superb accomplishment at a national level.

Competitive fixtures and interhouse events across all Prep years have allowed pupils to apply their learning in meaningful, high-energy settings for each sport. And our end-of-year Sports Days were pure joy: energy, laughter and overflowing with community spirit. We're proud of every pupils' progress and excited for what next season brings. Sincere thanks also goes to the Parents' Association for supporting this provision.

The musical life of the school remains rich and varied: the Carol Service, House Song, recital concerts, school productions, and performances from EYFS and Lower School have all brought the school community together through music.

Our pupils have also thrived in examinations this year. More children than ever have entered music exams, achieved strong results and showed dedication, progress, and real joy in their music-making. Success extended to regional competitions too, with impressive performances at the Tunbridge Wells Arts Festival and the Sevenoaks Three Arts Festival, where Rose Hill musicians shone in individual categories. We are also proud of national recognition where one of our Year 6 pupils has been accepted into the National Youth Choir, an outstanding achievement and a reflection of the strength of our vocal programme.

Page 3

GRANGE ROSE HILL SCHOOL LIMITED (REGISTERED NUMBER: 01221853)

REPORT OF THE TRUSTEES for the Year Ended 31 August 2025

In music, building on the success of last year's IAPS District Singing events, this year saw a major new venture: our first, ever Massed Orchestral Day. Held in the impressive Benenden Centenary Hall, it brought together 162 young musicians from 12 Kent prep schools, organised by us. The result was a vibrant celebration of musicality, energy, and teamwork, a true milestone in our musical calendar.

But as we rightly take pride in these achievements, we are also called to look beyond them, to reflect on what truly matters in the work of a school. For schools do not exist simply to produce successful pupils. We exist to help shape good people, such as the tremendous work of our Eco committee quietly enhancing our environment with the fernery. Our Anti-bullying Committee in enabling pupil voice, remind us that our small acts of kindness will make all the difference through the introduction of Buddy the NSPCC mascot in the "Speak Out Stay Safe" program.

We continue to engage with our local communities and there has been a focus on visiting more places of worship to deepen our pupils' understanding of different faiths through first, hand experiences. From St John's Church to the Gravesend Gurdwara, from the local mosque to community events - these experiences grounded pupils in empathy, perspective, and shared humanity.

As a school, we will always strive to equip our pupils with knowledge, curiosity, and ambition through Compass and the 5 keys to success & happiness. Our recent inspectors commented on how integral our 5 keys are within the pupils.

Throughout the school all pupils understand the character attributes associated with each key. Our pupils make every effort to demonstrate these qualities to achieve recognition by being awarded one of the keys is high commendation of their progress in their social and emotional learning. All of which helps to equip our pupils with important life skills. But these gifts must be carried in hearts shaped by empathy, resilience, and a clear moral compass.

We've seen hope in our charitable work, such as the Big Sleep Out for Porchlight, with pupils in Years 7 and 8 showing solidarity and compassion, even in the cold of October. We saw it in the community focus of our Technology and Innovation Day and the Year 6 Philanthropy Project, which raised over £1,000 for Beseka Primary School in Ethiopia to build a toilet cubicle for girls.

Our 5 keys are essential, and the golden thread seen across all areas of school. Girls and boys alike need this clarity. They need to know that success without kindness is hollow. That courage without compassion is dangerous. That brilliance without integrity is not brilliance at all.

This year we have seen pupils live out these values, also with hope. Hope that they will carry forward all they have learned here and build lives that reflect not only achievement, but goodness.

Investment policy and performance

The Governors regularly review the school's finances and spend against budget. This continues to be essential against the political and financial climate faced by the independent schools' sector.

Our policy is to maintain our financial stability and to continue with improvements to School facilities to ensure excellent teaching facilities for our pupils.

Factors relevant to achieve objectives

Performance is monitored by using reports to the Council combined with Governors and School working to improve and update all aspects of the functions of the School. This is facilitated by our Development Plan which, while identifying, also monitors the enhancements in curriculum, pastoral care, buildings and grounds, human resources, governance, management, marketing, policies and financial resources. In the process it addresses time scales, costs and implementation.

Page 4

GRANGE ROSE HILL SCHOOL LIMITED (REGISTERED NUMBER: 01221853)

REPORT OF THE TRUSTEES for the Year Ended 31 August 2025

STRATEGIC REPORT Financial review

Principal funding sources

The School has no endowments or access to funds other than its income from fees. During the year, 4.8% (2024: 4.0%) of gross fee income was made available as allowances for fees which included scholarships. As the School is a charity, the parents of our pupils have the assurance that all income must be applied for educational purposes. As an educational charity we claim exemption from corporation tax on our educational activities and our investment income and gains, provided these are applied to our charitable aims.

Material investments policy

The School is empowered to invest monies not immediately required for its purpose in or upon such investments, securities or property as may be thought fit and within the law.

Reserves policy

The 'reserves' or unrestricted funds at the balance sheet amounted to £5,548,082 (2024: £5,538,571). Because of the nature of the school's asset structure, the school does not have any 'Free' Reserves (as defined by the Charity Commission guidance). The main focus of the school has historically been to maintain a policy of improving the fabric and facilities of the school buildings from operational positive reserves (i.e. the limited reserves that arise from operational surpluses).

Going concern

After making appropriate enquiries, the Governors have a reasonable expectation that the School has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Principal risks and uncertainties

During the financial year a change in Government led to the introduction of VAT on independent school fees with effect from 1 January 2025. This, together with the removal of the charitable business rates relief and the increase in Employer National Insurance costs impacted the school finances. The Governors have been aware of, and have been considering, the likelihood of these risks occurring for some time and have taken steps to mitigate the effect of these additional costs. The Financial and General Purpose Committee, that reviews broader strategic risks of this nature, continues to meet regularly and considers mitigating strategies.

The Governors are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised, however, that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

Financial and risk management objectives and policies

The Governors are responsible for the management of the risks faced by the School. Risks are identified and assessed, and controls established throughout the year. A formal review of the charity's risk management processes is undertaken on a termly basis and documented in a Risk Management Matrix. The key controls used by the charity include:

The School maintains a schedule to instigate, review and update policies. These include our approach on access in our Admissions Policy and our Equal Opportunities Policy all of which can be viewed on the School website.

Page 5

GRANGE ROSE HILL SCHOOL LIMITED (REGISTERED NUMBER: 01221853)

REPORT OF THE TRUSTEES for the Year Ended 31 August 2025

STRATEGIC REPORT

Future developments

These are primarily defined in the Development Plan that identifies and monitors the requirements and improvements to be made to the School. The Plan is updated annually in a process that encompasses input from all areas of the School. It is reviewed regularly by the Governors and approved at their meeting in November. Our priorities for the coming year are:

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

Rose Hill School (the School) was founded in 1832 and continues to operate under this name. It was incorporated as a company under company registration number 1221853 on 17 July 1975 as Grange Rose Hill School Limited and registered with the Charity Commission under charity number 270158 on 10 October 1975.

The Governors form the Council of Management (the Council) which governs the School. They are directors of the Company for the purposes of the Companies Act and charity trustees for the purposes of the Charities Act. Members of the Council during the year under review are listed on page 7 together with the executive officers and professional advisers to the company. In accordance with the Articles of Association, one member of the Council was appointed, Mr Robert Jacobs (March 2025). Grange Rose Hill School Limited is a company limited by guarantee and without a share capital. It is governed by its Memorandum and Articles of Association dated 17 July 1975 and last amended in June 2004.

Method of appointment or election of governors

Potential Governors are identified by current Governors or the Executive Officers on the basis of particular skills, personal reputation and competence and, where possible, an existing commitment and supportive attitude towards the School. Governors are elected to the Council of Management at Council meetings following interviews, combined with meetings to discuss and instruct potential candidates of the responsibilities and duties involved.

Organisational structure and decision making

The Council of Management meets at least three times a year and is responsible for the determination of general policy and overall management of the School. Day to day management is delegated to the Head for academic management and to the Bursar for administrative management. The Council is supported by four sub committees: Finance and General Purposes; Academic & Curriculum and Welfare, Child Protection & Safeguarding and Health & Safety. Formulation and review of policies is delegated by the Council to the sub committees who report back to the Council for ratification.

Page 6

GRANGE ROSE HILL SCHOOL LIMITED (REGISTERED NUMBER: 01221853)

REPORT OF THE TRUSTEES for the Year Ended 31 August 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Policies adopted for the induction and training of Governors

Governors are inducted into the working of the Council on the basis of a comprehensive Governors' Handbook and attendance at organised workshops and seminars run by the Association of Governing Bodies of Independent Schools (AGBIS). Governors regularly visit the school to see it in action and spend time with pupils and staff.

Key management remuneration

The Governors consider that they together with the Head, Bursar, Assistant Head (Pastoral), Assistant Head (Operation), Assistant Head (Academic) comprise the key management personnel of the school. The pay and remuneration of the Head and senior staff is set by the Governors and is kept under annual review.

Key management personnel are considered to be individuals who have authority and responsibility for planning, directing and controlling the activities of the School. Total remuneration in respect of these individuals was £406,601 (2024: £466,859).

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

01221853 (England and Wales)

Registered Charity number

270158

Registered office

Coniston Avenue Tunbridge Wells Kent TN4 9SY

Trustees

C J Scott Ex-Headmistress
N D Phillips Barrister (resigned 19/11/25)
J D Saunders Accountant
D L Brockman Retired (resigned 05/08/25)
L S Keatley Solicitor (resigned 19/03/25)
A W Kiernan Solicitor
J H McNeil Teacher
N Powell Retired
J Williamson Vice President, a Dow Jones Company
G E Taylor-Hall Deputy Head
N Mills Assistant Head (Boarding)
R Jacobs Head of Residential Sales

Company Secretary

M A Bryan

Auditors

BSR Bespoke Chartered Accountants Registered Auditors Linden House Linden Close Tunbridge Wells Kent TN4 8HH

Page 7

GRANGE ROSE HILL SCHOOL LIMITED (REGISTERED NUMBER: 01221853)

REPORT OF THE TRUSTEES for the Year Ended 31 August 2025

REFERENCE AND ADMINISTRATIVE DETAILS Solicitors

Cripps Pemberton Greenish 22 Mount Ephraim Road Tunbridge Wells Kent TN4 8AS

Bankers

Lloyds Bank plc Tunbridge Wells Kent TN1 1RP

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Grange Rose Hill School Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

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

In so far as the trustees are aware:

AUDITORS

The auditors, BSR Bespoke, were re-appointed at the Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 10 June 2026 and signed on the board's behalf by:

N Powell - Trustee

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GRANGE ROSE HILL SCHOOL LIMITED

Opinion

We have audited the financial statements of Grange Rose Hill School Limited (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and 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 (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GRANGE ROSE HILL SCHOOL LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GRANGE ROSE HILL SCHOOL LIMITED

Our responsibilities for the audit of the financial statements

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

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gathered an understanding of how the entity is complying with the above frameworks by enquiring and observing management and those charged with governance, ensuring there is a culture of honesty with an emphasis on fraud prevention which may reduce opportunities for fraud to occur as well as acting as a deterrent.

We assessed the susceptibility of the financial statements to material misstatement due to fraud, by making an assessment of the key fraud risks, the manner in which any such risks may materialise, our knowledge of the client and an assessment of the current business environment.

We designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed additional audit procedures to address each identified fraud risk to obtain reasonable assurance that the financial statements were free of fraud or error.

We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business.

There are inherent limitations in the audit procedures described above, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment. The primary responsibility for the prevention and detection of fraud rests with management and those charged with governance.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GRANGE ROSE HILL SCHOOL LIMITED

Use of our report

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

STEPHEN POCOCK FCCA (Senior Statutory Auditor) for and on behalf of BSR Bespoke Chartered Accountants Registered Auditors Linden House Linden Close Tunbridge Wells Kent TN4 8HH

17 June 2026

Page 12

GRANGE ROSE HILL SCHOOL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 August 2025

Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
5
Educational
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Educational
Welfare
Establishment
Support
Governance costs
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.8.25
Unrestri-
cted fund
£
3,522,787
278,292
19,358
3,820,437
20,374
2,502,863
95,023
651,017
530,949
10,700
3,810,926
9,511
5,538,571
5,548,082		 31.8.24
Total
funds
£
3,627,403
240,683
10,857
3,878,943
20,382
2,063,816
202,016
897,443
608,123
10,300
3,802,080
76,863
5,461,708
5,538,571

The notes form part of these financial statements

Page 13

GRANGE ROSE HILL SCHOOL LIMITED (REGISTERED NUMBER: 01221853)

BALANCE SHEET 31 August 2025

Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Stocks
15
Debtors
16
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
18
NET ASSETS
FUNDS
21
Unrestricted funds
TOTAL FUNDS		 31.8.25
Unrestri-
cted fund
£
6,435,336
44,171
933,610
862,419
1,840,200
(1,787,907 )
52,293
6,487,629
(939,547)
5,548,082
5,548,082
5,548,082		 31.8.24
Total
funds
£
6,682,089
42,525
690,129
1,191,878
1,924,532
(1,812,570 )
111,962
6,794,051
(1,255,480 )
5,538,571
5,538,571
5,538,571

The financial statements were approved by the Board of Trustees and authorised for issue on 10 June 2026 and were signed on its behalf by:

N Powell - Trustee

The notes form part of these financial statements

Page 14

GRANGE ROSE HILL SCHOOL LIMITED

CASH FLOW STATEMENT for the Year Ended 31 August 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Repayment of borrowings
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.8.25
£
(254,122)
(48,814)
(302,936)
(15,303)
23,007
19,358
27,062
(53,585)
(53,585)
(329,459)
1,191,878
862,419		 31.8.24
£
1,403,652
(65,102)
1,338,550
(68,582)
-
10,857
(57,725)
(388,467)
(388,467)
892,358
299,520
1,191,878

The notes form part of these financial statements

Page 15

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE CASH FLOW STATEMENT

for the Year Ended 31 August 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
31.8.25 31.8.24
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 9,511 76,863
Adjustments for:
Depreciation charges 239,049 235,893
Loss on disposal of fixed assets - 5,700
Interest received (19,358) (10,857)
Interest paid 48,814 65,102
(Increase)/decrease in stocks (1,646) 3,152
(Increase)/decrease in debtors (243,481) 199,598
(Decrease)/increase in creditors (287,011) 828,201
Net cash (used in)/provided by operations (254,122) 1,403,652

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Debt
Debts falling due within 1 year
Debts falling due after 1 year
Total		 At 1.9.24
£
1,191,878
1,191,878
(55,462)
(651,473)
(706,935)
484,943		 Cash flow
£
(329,459)
(329,459)
(4,075)
57,660
53,585
(275,874)		 At 31.8.25
£
862,419
862,419
(59,537)
(593,813)
(653,350)
209,069

The notes form part of these financial statements

Page 16

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2025

1. SCHOOL INFORMATION

Grange Rose Hill School Limited is a private limited company, limited by guarantee without share capital, registered and incorporated in England and Wales.

The trustees of the charitable company can be found in the Report of the Trustees on page 7. In the event of the charitable company being wound up, liability in respect of the guarantee is limited to £1 per trustee.

The address of its registered office and place of business is Rose Hill School, Coniston Avenue, Tunbridge Wells, Kent, TN4 9SY.

The principle activity of the charitable company in the year under review was the provision of educational services.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£) and amounts are rounded to the nearest whole £1.

Critical accounting judgements and key sources of estimation uncertainty

Depreciation is a significant accounting estimate within the accounts. Depreciation rates are based on the useful expected lives of each asset. The Trustees review the assets to ensure that their policies remain up to date, accurate and in line with previous expectations to confirm that depreciation is not accelerated or under-provided.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income represents school fees and extra charges relating to the three academic terms in the year and income from other activities. Fees invoiced and received in advance are carried forward for credit in the period to which they relate.

Other income, including the hire of facilities, is recognised in the period it is receivable and to the extent the charity has provided the goods or services.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support costs are those incurred directly in support of expenditure on the objectives of the School and include project management carried out. Governance costs are those incurred in connection with administration of the school and compliance with constitutional and statutory requirements,

continued...

Page 17

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2025

2. ACCOUNTING POLICIES - continued

Expenditure

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

The running costs of the School, including the provision of education, are treated as direct charitable expenditure and includes costs relating to education, premises and the majority of administrative expenses. Other indirect expenditure has been classified separately.

Government grants

Grants are recognised when evidence of entitlement is probable and its amount can be measured reliably. A grant that imposes specified future performance-related conditions is recognised in income only to the extent that the performance-related conditions have been met. Where the performance-related conditions have not been met or uncertainty exists as to whether the School can meet the terms or conditions otherwise within its control, the income is deferred as a liability until it is probable that the conditions have been met. A grant that does not impose specified future performance-related conditions is recognised in income when the grant proceeds are received or receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land & buildings - at varying rates on cost
Fixtures, fittings & equipment - at varying rates on cost
Groundsman's equipment & minib uses - at varying rates on cost

Tangible fixed assets are initially measured at cost price, this can include transport, installation, legal and other such associated costs. After initial recognition the asset is subsequently measured under the cost model of cost, less depreciation, less any impairment losses.

Subsequent day-to-day servicing of the assets will be recognised in the profit or loss in the period they are incurred. Only subsequent expenditure that can provide an incremental benefit will be capitalised.

No depreciation is charged on assets under construction.

All assets costing more than £500 are capitalised.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is determined on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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

continued...

Page 18

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2025

2. ACCOUNTING POLICIES - continued

Fund accounting

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going concern

The trustees have made their own assessment of going concern and have a reasonable expectation that the School has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties that cast significant doubt on the School's ability to continue as a going concern.

In making their assessment, the trustees have updated their forecasts to reflect the Government's decisions to implement VAT on school fees from January 2025, removal of charitable business rates relief and the increase in Employer National Insurance from April 2025.

Financial Instruments

The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the School anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services is must provide.

continued...

Page 19

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2025

3.
OTHER TRADING ACTIVITIES
Uniform sales
Other income
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
School fees receivable
Educational
Bursaries & scholarships
Educational
Fees in advance discount
Educational
6.
RAISING FUNDS
Other trading activities
Purchases
7.
CHARITABLE ACTIVITIES COSTS
Educational
Welfare
Establishment
Support
Governance costs		 Direct
Costs (see
note 8)
£
2,456,482
95,023
458,349
1,318
-
3,011,172		 31.8.25
£
31,528
246,764
278,292
31.8.25
£
19,358
31.8.25
£
3,721,502
(177,482)
(21,233)
3,522,787
31.8.25
£
20,374
Support
costs (see
note 9)
£
46,381
-
192,668
529,631
10,700
779,380		 31.8.24
£
31,995
208,688
240,683
31.8.24
£
10,857
31.8.24
£
3,777,909
(150,506)
-
3,627,403
31.8.24
£
20,382
Totals
£
2,502,863
95,023
651,017
530,949
10,700
3,790,552

continued...

Page 20

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2025

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Equipment lease & hire
General premises expenses
Catering
Tutorial
School trips
Motor expenses
Bad debts
VAT adjustments
SUPPORT COSTS
Manageme-
nt
Finance
£
£
Educational
-
-
Establishment
-
-
Support
480,024
1,204
Governance costs
-
-
480,024
1,204
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases
Deficit on disposal of fixed assets		 Other
£
46,381
192,668
-
-
239,049		 31.8.25
£
2,423,340
84,222
382,958
91,114
24,168
8,974
4,121
2,203
(9,928)
3,011,172
Governan-
ce costs
£
-
-
48,403
10,700
59,103
31.8.25
£
239,049
84,222
-		 31.8.24
£
2,386,056
69,133
309,991
102,138
33,372
14,171
7,596
34,742
-		 31.8.24
£
2,386,056
69,133
309,991
102,138
33,372
14,171
7,596
34,742
-
2,957,199
Totals
£
46,381
192,668
529,631
10,700
779,380
31.8.24
£
235,892
69,133
5,700

9. SUPPORT COSTS

10. NET INCOME/(EXPENDITURE)

continued...

Page 21

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2025

11. AUDITORS' REMUNERATION

AUDITORS' REMUNERATION
31.8.25 31.8.24
£ £
Fees payable to the charity's auditors and their associates for the audit of the
charity's financial statements 10,700 10,300

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses for the year ended 31 August 2025 or the year ended 31 August 2024.

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.8.25
£
2,124,695
213,468
356,030
2,694,193		 31.8.24
£
2,095,467
189,562
378,523
2,663,552

The average monthly number of employees during the year was as follows:

Teaching
Support staff		 31.8.25
47
22
69		 31.8.24
43
25
68

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£80,001 - £90,000
£90,001 - £100,000		 31.8.25
-
1
1		 31.8.24
1
1
2

continued...

Page 22

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2025

14. TANGIBLE FIXED ASSETS

Fixtures,
fittings
Land &
& equipm-
buildings
ent
£
£
COST
At 1 September 2024
9,395,570
1,133,450
Additions
-
4,053
Disposals
(23,007)
-
At 31 August 2025
9,372,563
1,137,503
DEPRECIATION
At 1 September 2024
3,039,778
811,393
Charge for year
191,394
46,381
At 31 August 2025
3,231,172
857,774
NET BOOK VALUE
At 31 August 2025
6,141,391
279,729
At 31 August 2024
6,355,792
322,057
15.
STOCKS
Stocks
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income		 Groundsm-
an's
equipment
& minib
uses
£
52,761
11,250
-
64,011
48,521
1,274
49,795
14,216
4,240
31.8.25
£
44,171
31.8.25
£
910,557
9,522
13,531
933,610		 Totals
£
10,581,781
15,303
(23,007)
10,574,077
3,899,692
239,049
4,138,741
6,435,336
6,682,089
31.8.24
£
42,525
31.8.24
£
674,259
3,781
12,089
690,129

continued...

Page 23

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2025

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 19)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income		 31.8.25
£
59,537
102,984
48,587
117,185
103,603
1,356,011
1,787,907		 31.8.24
£
55,462
78,595
37,062
-
57,541
1,583,910
1,812,570

Included within creditors <1 year is deferred income of £1,290,674 (2024: £1,542,042) of which £1,080,837 (2024: £1,156,760) relates to the Autumn 2025 school term and £209,837 (2024: £385,282) relates to the School's fees in advance (FIA) scheme.

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank loans (see note 19)
Other creditors
Accruals and deferred income		 31.8.25
£
593,813
106,417
239,317
939,547		 31.8.24
£
651,473
91,250
512,757
1,255,480

Included within creditors >1 year is deferred income of £239,317 (2024: £512,757) relating to the School's fees in advance (FIA) scheme.

19. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal		 31.8.25
£
59,537
64,002
142,754
387,057		 31.8.24
£
55,462
59,649
207,242
384,582

The loan is secured by way of a legal charge over the freehold property owned by the School. The interest rate on the loan at 31 August 2025 is charged at 2.3% above base rate.

continued...

Page 24

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2025

20. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
21.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.9.24
£
5,538,571
5,538,571
Incoming
resources
£
3,820,437
3,820,437
At 1.9.23
£
5,461,708
5,461,708

Page 25

continued...

GRANGE ROSE HILL SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2025

21. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
3,878,943
3,878,943		 Resources
expended
£
(3,802,080 )
(3,802,080 )		 Movement
in funds
£
76,863
76,863

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.9.23
£
5,461,708
5,461,708		 Net
movement
in funds
£
86,374
86,374		 At
31.8.25
£
5,548,082
5,548,082

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
7,699,380
7,699,380		 Resources
expended
£
(7,613,006 )
(7,613,006 )		 Movement
in funds
£
86,374
86,374

22. RELATED PARTY DISCLOSURES

During the year, four (2024: five) members of key management were reimbursed a total of £3,488 (2024: £996), in relation to expenses incurred on behalf of the School.

Page 26