2020-08-31-accounts

				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers
Trustees' report				2-13
Independent	auditor's report	on the financial statements		14-17
Consolidated	statement offinancial activities			18
Consolidated	balance sheet			19-20
Company balance sheet				21 -22
Consolidated	statement ofcash flows			23
Notes to the	financial statements			24-46

Trustees			AJ BBarnes
			J M Donors
			N D Hammond
			J E Pdiory
			T M N Lawson
			GJ Piper
			J JThompson
			M J Ringer
			M Sloan (appointed		19November 2019)
			A M Wakefield	(appointed		19November 2019)
Company	registered
number			1468693
Charity registered
number			279267
Registered		office	Barrow Lane
			Langton Green
			Tunbridge Wells
			Kent
			TN3 OEB
Company	secretary		J E E Dix Perkin
Independent		auditor	Crows U.K. LLP
			Riverside House
			40 - 46 High Street
			Maidstone
			Kent
			ME14 1JH
Solicitors			Thomson Snail	and	Passmore
			3 Lonsdale Gardens
			Tunbridge Wells
			Kent
			TN1 1NX

					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2020	2020	2020	2019
				Note	F	6	6
Income from:
Donations and legacies					27,476		27,476	18,105
Charitable activities						7,412,530	7,412,530	7,475,401
Other trading activities						145,707	145,707	314,876
Investments						9,366	9,366	14,476
Other income						438,046	438,046
Total income					27,476	8,005,649	8,033,125	7,822,858
Expenditure on:
Raising funds						110,360	110,360	203,500
Charitable activities					7,564	7,515,314	7,522,878	7,133,584
Total expenditure					7,564	7,625,674	7,633,238	7,337,084
Net movement in funds					19,912	379,975	399,887	485 774
Reconciliation offunds:
Total funds brought	forward					12,151,086	12,151,086	11,665,312
Net income attributable		to the parent
Company					19,913	381,148	401,061	505,587
					19,913	12,532,234	12,552,147	12,170,899
Net expenditure attributable			to non-
controlling interests						(1,173)	(1,173)	(19,813)
Total funds carried forward					19,913	12,531,061	12,550,974	12,'151,086

				CONSOLIDATED	BALANCE SHEET
				AS AT 31	AUGUST 2020
				Note	2020f		2019f
Fixed assets
Tangible assets				13	12,772,649		13,166,324
					12,772,649		13,166,324
Current assets
Stocks				15	8,781	1,184
Debtors				16	333,194	283,831
Cash at bank and	in	hand			3,546,078	3,232,219
					3,888,053	3,517,234
Creditors: amounts		falling due within		one
year				17	(1,691,722)	(1,9SS,S70)
Net current assets					2,196,331		1,550,564
Total assets less current liabilities					14,968,980		14,71S,SSS
Creditors: amounts		falling due after		more
than one year				18	(2,418,006)		(2,565,802)
Net assets excluding			pension asset		12,550,974		12,151,086
Total net assets					12,550,974		12,151,086
Charity funds
Restricted funds				20	19,912
Unrestricted funds				20	11,170,265		10,789,117
Total funds					11,190,177		10,789,117
Non-controlling	interests				1,360,797		1,351,969
					12,550,974		12,151,086

			COMPANY BALANCE SHEET	COMPANY BALANCE SHEET
			AS AT 31AUGUST 2020
			Note	2020		2019f
Fixed assets
Tangible assets			13	10,027,227		10,375,085
Investments			14	2,573,111		2,573,111
				12,600,338		12,948,197
Current assets
Stocks			15	8,781	1,184
Debtors			16	293,751	284,626
Cash at bank and	in	hand		3,509,864	3,197,352
				3,812,396	3,483,172
Creditors: amounts		falling due within	one
year			17	(1,668,711)	(1,943,658)
Net current assets				2,143,685		1,539,514
Total assets less	current liabilities			14,744,023		14,487,711
Creditors: amounts		falling due after	more
than one year			18	(2,416,056)		(2,563,852)
Total net assets				12,327,967		11,923,859
Charity funds
Restricted funds			20
Designated funds			20	12,600,338	12,948,197
Unrestricted funds			20	(272,371)	(1,024,338)
Total unrestricted	funds		20	12,327,967		11,923,859
Total funds				12,327,967		11,923,859

					2020	2019
					6	6
Cash flows from operating	activities
Net cash used in operating	activities				646,639	1,069,376
Cash flows from investing	activities
Dividends, interests and rents from investments					9,366	14,476
Purchase oftangible fixed assets					(107,901)	(206,897)
Net cash used in investing	activities				(98,535)	(192,421)
Cash flows from financing	activities
Repayments ofborrowing					(151,389)	(197,221)
Interest paid					(82,856)	(92,833)
Net cash used in financing	activities				(234,245)	(290,054)
Change in cash and cash	equivalents	in	the year		313,859	586,901
Cash and cash equivalents	at the beginning		ofthe year		3,232,219	2,645,318
Cash and cash equivalenhi	at the end of		the year	24	3,546,078	3,232,219
The notes on pages 24 to46 form part ofthese financial statements

	Donations
	Donations
4.	Income from charitable activities
	Fees
	Extras
	Fees
	Extras

Unrestricted	Total
funds	funds
2020	2020
8	8
7,252,813	7,252,813
159,717	159,717
7,412,530	7,412,530
Unrestricted	Total
funds	funds
2019	2019
7,197,312	7,197,312
278,089	278,089
7,475,401	7,475,401

						Unrestricted	Total
						funds	funds
						2020	2020
						F	K
Summer	schools	courses	and	swim	school	125,884	125,884
School	facilities	letting				19,823	19,823
						145,707	145,707
						Unrestricted	Total
						funds	funds
						2019f	2019
Summer	schools	courses	and	swim	school	287,036	287,036
School	facilities	letting				27,840	27,840
						314,876	314,876

			Unrestricted	Total
			funds	funds
			2020	2020
			5	6
Bank	interest	receivable	9,366	9,366
			Unrestricted	Total
			funds	funds
			2019	2019
Bank	interest	receivable	14,476	14,478

		Unrestricted	Total
		funds	funds
		2019	2019
			Z
Staff	costs	162,114	162,114
Other	costs	41,386	41,385

					Restiicted	Unrestricted	Total
					funds	funds	funds
					2020 F	2020 f	2020 6
Educational	expenses					4,885,498	4,885,498
Establishment		expenses				734,346	734,346
Discounts,	bursaries		and	scholarships		550,128	550,128
Administration					7,564	1,262,486	1,270,050
Interest						82,856	82,856
					7,564	7,515,314	7,522,878

Summary	by	fund	type	(continued)
					Restricted	Unrestricted	Total
					funds	funds	funds
					2019	2019	2019
Educational	expenses					4,531,489	4,531,489
Establishment		expenses				715,224	715,224
Discounts,	bursaries		and	scholarships		560,419	560,419
Administration					10,000	1,223,619	1,233,619
Interest						92,633	92,833
					10,000	7,123,584	7,133,584

								Total
					Staffcosts	Depreciation	Other costs	funds
					2020	2020	2020	2020
					6	6	6	6
Educationalexpenses					4,293,948		591,550	4,885,498
Establishment		expenses			188,624		545,722	734,346
Discounts,	bursaries		and	scholarships			550,128	550,128
Administration					424,124	501,548	344,378	1,270,051
Interest							82,856	82,856
					4,906,696	501,548	2,114,634	7,522,878

Summary by expen	diture type	(contin	ued)
						Total
			Staffcosts	Depreciation	Other costs	funds
			2019	2019	2019f	20'I9
Educational expenses			3,852,240		679,249	4,531,489
Establishment expenses			177,867		537,357	715,224
Discounts, bursaries	and scholarships				560,419	560,419
Administration			409,504	496,590	327,525	1,233,619
Interest					92,833	92,833
			4,439,611	49S,590	2,197,383	7,133,584
Auditor's remuneration
					2020f	2019
Fees payable to the	Company's	auditor	for the audit ofthe Company's
annual accounts					10,260	10,060
Fees payable to the	Company's	auditor	in respect of:
Taxation compliance	services					1,002
Accounts preparation					1,980	1,940

Staff costs
			Group	Group	Company	Company
			2020f	2019f	2020	2019f
Wages and	salaries		4,058,456	3,837,587	4,058,456	3,837,587
Social security costs			369,227	355,710	369,227	355,710
Contribution	to defined contribution	pension
schemes			584,532	408,428	584,532	408,428
			5,012,215	4,601,725	5,012,215	4,601,725

The average number ofpersons employed by the Com	pany during the year was as follows:
	Group	Group
	2020	2019
	No.	No.
Teachers and matrons	74	76
Catering and domestic	18	17
Grounds and maintenance	7	6
Administration	11	11
Swim school	6	6
Other	6	6
	122	122

Group	Group
2020	2019
No.	No.

			Short-term	Short-term
		Freehold		leasehold	Motor	Fixtures and
		property		property6	vehicles F	fittings 6	Total F.
Cost
At 1 September 2019		8,636,807		9,115,177	55,713	1,699,516	19,507,213
Additions		58,747		1,620		47,534	107,901
Disposals					(1,850)		(1,850)
At 31August 2020		8,695,554		9,116,797	53,863	1,747,050	19,613,264
Depreciation
At 1 September 2019		3,018,005		2,068,878	46,360	1,207,646	6,340,889
Charge for the year		173,514		187,492	2,793	137,749	501,548
On disposals					(1,822)		(1,822)
At 31August 2020		3,191,519		2,256,370	47,331	1,345,395	6,840,615
Net book value
At 31August 2020		5,504,035		6,860,427	6,532	401,655	12,772,649
At 31August 2019		5,618,802		7,046,299	9,353	491,870	13,166,324
Included in freehold	property	is freehold	land	at cost of	F439,058 (2019 - F439,058)		which is not
depreciated.

		Short-term
	Freehold	leasehold	Motor	Fixtures and
	property	property	vehicles	fittings	Total
	5	8	6	6	F
Cost
At 1 September 2019	4,958,287	9,115,177	55,713	1,699,516	15,828,693
Additions	58,747	1,620		47,534	107,901
Disposals			(1,850)		(1,850)
At 31August 2020	5,017,034	9,116,797	53,863	1,747,050	15,934,744

	Investments
	in
	subsidiary
	companies
Company	E
Cost
At 1 September 2019	2,573,111
At 31August 2020	2,573,111
Net book value
At 31August 2020	2,573,111
At31August 2019	2,573,111

The following were	subsidiary u	ndertakings o	ndertakings o	fthe Compa	ny:
Names	Company	Registered		office or	Principal	activity		Class of	Holding
	number	principal	place of					shares
		business
Holmewood	00331126	Langton Green,			Provision	offreehold		Founder	5po/0
House Properties		Tunbridge		Wells,	property	and	fixtures	shares
Limited		Kent, TN3		OEB	to Holmewood		House
					School
								Bond shares	55'/a
								AShares	100/0
Holmewood	05334651	Langton Green,			Dormant			Ordinary	Ipp/0
House Services		Tunbridge		Wells,
Limited		Kent, TN3		OEB

Stocks
			Group	Group	Company	Company
			2020	2019	2020	2019
			K	E
Finished	goods and goods for resale		8,781	1,184	8,781	1,184
Debtors
			Group	Group	Company	Company
			2020	2019	2020	2019
Due within one year
Trade debtors			48,149	83,471	48,149	83,471
Amounts	owed by group undertakings				1,740
Other debtors			42,215	47,218	1,032	48,013
Prepayments		and accrued income	242,830	153,142	242,830	153,142
			333,194	283,831	293,751	284,625

		Group	Group	Company	Company
		2020	2019	2020	2019
		6		5
Bankloans		176,384	197,218	176,384	197,218
Trade creditors		46,335	121,515	46,335	121,515
Corporation tax		19,916	19,916
Other taxation and social security		96,636	83,238	96,636	83,238
Other creditors		542,534	587,798	542,535	587,798
Accruals and deferred	income	809,917	956,985	806,821	953,889
		1,691,722	1,956,670	1,668,711	1,943,658

										Group	Group	Company		Company
										2020	2019	2020		2019
										E	5	K
Bank loans									2,338,889		2,469,444	2,338,889		2,469,444
Accruals	and deferred			income						77,167	94,408	77,167		94,408
Share capital treated as debt										1,950	1,950
									2,418,006		2,555,802	2,416,056		2,553,852
The entire		balance of		bank loans		shown		above	are	secured	by a legal charge over the			freehold and
leasehold		property	of Holmewood			House		School	and by a charge over its			shareholding	in	Holmewood
House Properties			Limited. There are 3loans to be repaid by three instalments each year, two ofthe final
instalments		falling	due	in April 2031, and				remaining		one in	April 2025. Interest is being			paid on the
respective		loans each month at a				rate of1.985%above LIBOR, 3.90%fixed and 2.25% above base.
Accruals	and deferred			income	includes		F77,167		(2019:F94,408) received			by the School	under a single
advance	payment		scheme as		described		above.
Financial		instruments
										Group	Group	Company		Company
										2020	2019	2020		2019
Financial		assets
Financial		assets measured at			amortised		cost		3,636,440		3,352,909	3,560,784		3,328,847
										Group	Group	Company		Company
										2020f	2019	2020 6		2019
Financial		liabilities
Financial		liabilities	measured		at amortised
cost									(4,580,716)		(3,655,000)	(4,577,620)		(3,549,953)

Statement offunds	- curren	t year
		Balance at 1				Balance at
		September			Transfers	31August
		2019 8	Income 8	Expenditure f	inlout 6	2020
Unrestricted funds
Designated funds
Designated Funds		13,166,324		107,901	(501,576)	12,772,649
General funds
General Funds		(2,377,207)	8,005,649	(7,733,575)	502,749	(1,602,384)
Minority Interest		1,361,969			(1,173)	1,360,796
		(1,015,238)	8,005,649	(7,733,575)	501,576	(241,588)
Total Unrestricted	funds	12,151,086	8,005,649	(7,625,674)		12,531,061
Restricted funds
Restricted Fund			7,564	(7,564)
Community Support	Fund		19,912			19,912
			27,476	(7,564)		19,912
Total offunds		12,151,086	8,033,125	(7,633,238)		12,550,973

20.	Statement		offunds	(continued)
	Statement		offunds	- prior year
					Balance at				Balance at
					1September			Transfers	31August
					2018	Income	Expenditure	in/out	2019
	Unrestricted		funds
	Designated		funds
	Designated		funds		13,457,936		207,848		13,166,324
	General funds				(3,174,406)	7,812,858	(7,534,932)	19,813	(2,377,207)
					10,283,530	7,812,858	(7,327,084)	19,813	10,789,117
	General funds
	Minority				1,381,782			(19,813)	1,361,969
	Total Unrestdcted			funds	11,665,312	7,812,858	(7,327,084)		12,151,086
	Restricted		funds
	Restricted	funds				10,000	(10,000)
	Total offunds				11,665,312	7,822,858	(7,337,084)		12,151,086
21.	Summary	offunds
	Summary	offunds		- current year
					Balance at 1				Balance at
					September			Transfers	31August
					2019	Income	Expenditure	in/out	2020
						6	6	F	6
	Designated		funds		13,166,324		107,901	(501,576)	12,772,649
	General funds				(1,015,238)	8,005,649	(7,733,575)	501,576	(241,588)
	Restricted	funds				27,476	(7,564)		19,912
					12,151,086	8,033,125	(7,633,238)		12,550,973

21.	Summary offunds (continued)
	Summary offunds - prior year
		Balance at					Balance al
		1September				Transfers	31August
			2018	Income	Expenditure	in/out	2019f
	Designated funds	10,283,530		7,812,858	(7,327,084)	19,813	10,789,117
	Minority interest	1,381,782				(19,813)	1,361,969
	Restricted funds			10,000	(10,000)
		11,665,312		7,822,858	(7,337,084)		12,151,086
22.	Analysis ofnet assets between	funds
	Analysis ofnet assets between	funds	- current period
					Restricted	Unrestricted	Total
					funds	funds	funds
					2020	2020	2020
					6	F
	Tangible fixed assets					12,772,649	12,772,649
	Current assets				19,912	3,868,140	3,888,052
	Creditors due within one year					(1,691,722)	(1,691,722)
	Creditors due in more than one year					(2,418,006)	(2,418,006)
	Total				19,912	12,531,061	12,550,973
	Analysis ofnet assets between	funds	- prior period
						Unrestricted	Total
						funds	funds
						2019	2019
	Tangible fixed assets					13,166,324	13,166,324
	Current assets					3,517,234	3,517,234
	Creditors due within one year					(1,966,670)	(1,966,670)
	Creditors due in more than one year					(2,565,802)	(2,565,802)
	Total					12,151,086	12,151,086

					Group	Group
					2020 6	2019f
	Net income for the	period (as per Statement of Financial Activities)			399,887	485,774
	Adjustments for:
	Depreciation charges				501,548	496,589
	Interest paid				82,856	92,833
	Dividends, interests	and rents from investments			(9,366)	(14,476)
	Loss on the sale of	fixed assets			28	1,920
	Increase in stocks				(7,597)	(605)
	Increase in debtors				(49,361)	(86,634)
	Increase/(decrease)	in	creditors		(271,356)	93,975
	Net cash provided	by operating		activities	646,639	1,069,376
24.	Analysis ofcash and		cash equivalents
					Group	Group
					2020 f	2019 f
	Cash in hand				3,546,078	3,232,219
	Total cash and cash		equivalents		3,546,078	3,232,219
25.	Analysis ofchanges		in net debt

		At 1		Other non-	At 31
		September		cash	August
		2019 6	Cash flows F	changesf	2020f
Cash	at bank and in hand	3,232,219	313,859		3,546,078
Debt	due within 1 year	(197,218)	151,389	(130,555)	(176,384)
Debt	due after 1year	(2,471,394)		130,555	(2,340,839)
		563,607	465,248		1,028,855

payments	und	er non-cancellable operating leas	es as follows:
			Group 2020	Group 2019	Company 2020	Company 2019
			6		6
Not later than		1 year	104,480	104,480	293,480	293,480
I ster than	1 year and not later than 5years		211,822	420,782	967,822	1,176,782
Later than	5years				1,198,208	1,387,726
			316,302	525,262	2,459,510	2,857,988