2022-08-31-accounts

						Page
Reference and administrative		details	ofthe company,	its Trustees	and advisers
Trustees' report						2-12
Independent	auditor's report	on the	financial statements			13 - 16
Consolidated	statement offinancial		activities			17
Consolidated	balance sheet					18-19
Company balance sheet						20-21
Consolidated	statement ofcash flows					22
Notes to the	financial statements					23-47

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS	DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
			FOR THE YEAR ENDED 31 AUGUST 2022
Trustees			N Allan (appointed		30 November 2021)
			AJ BBarnes
			J M Donora
			N D Hammond
			G J Piper
			M J Ringer
			M Sloan
			J J Thompson
			A M Wakefield
Company	registered
number			1468693
Charity registered
number			279267
Registered		office	Barrow Lane
			I angton Green
			Tunbridge Wells
			Kent
			TN3 OEB
Company	secretary		J E E Dix Perkin
Independent		auditor	Crowe 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

						Unrestricted	Restncted	Total	Total
						funds	funds	funds	funds
					Note	2022	2022 F	2022f	2021f
Income from:
Donations and legacies						35,131	464	35,595	19,549
Charitable activities						7,555,367		7,555,367	7,010,528
Other trading activities						387,908		387,908	243,396
Investments						5,673		5,673	386
Other income									159,314
Total income						7,984,079	464	7,984,543	7,433,173
Expenditure on:
Raising funds					8	291,613		291,613	171,335
Charitable activities					9	7,338,276	13,094	7,351,370	7,090,455
Total expenditure						7,629,889	13,094	7,642,983	7,261,790
Net movement in funds						354,190	(12,630)	341,560	171,383
Reconciliation offunds:
Total funds brought	forward					12,708,437	15,605	12,724,042	12,552,659
Net income/(expenditure)			attributable	to
the parent company						334,601	(12,630)	321,971	207,940
						13,043,038	2,975	13,046,013	12,760,599
Net income attributable		to	non-
controlling interests						19,589		19,589	(36,557)
Total funds carried	forward					13,062,627	2,975	13,065,602	12,724,042

				CONSOLIDATED	BALANCE SHEET
				AS AT 31 AUGUST 2022
					2022		2021
				Note	6
Fixed assets
Tangible assets				13	12,132,088		12,299,658
					12,132,088		12,299,658
Current assets
Stocks				15	8,174	11,109
Debtors				16	291,511	198,143
Cash at bank and		in	hand		4,127,281	4,755,046
					4,426,966	4,964,298
Creditors: amounts			falling due within	one
year				17	(1,875,855)	(1,927,260)
Net current assets					2,551,111		3,037,038
Total assets less		current liabilities			14,683,199		15,336,696
Creditors: amounts			falling due after	more
than one year				18	(1,617,597)		(2,612,654)
Total net assets					13,065,602		12,724,042
Charity funds
Restricted funds				20	2,975	15,605
Total restricted	funds			20	2,975		15,605
Unrestricted funds
Designated funds				20	12,153,401	12,401,761
General funds				20	(393,893)	(1,016,032)
Total unrestricted		funds		20	11,759,508		11,385,729
Total funds					11,762,483		11,401,334
Non-controlling		interests			1,303,119		1,322,708
					13,065,602		12,724,042

				COMPANY	BALANCE SHEET
				AS AT 31AUGUST 2022
					2022		2021
				Note	E
Fixed assets
Tangible assets				13	9,478,298		9,600,052
Investments				14	2,573,111		2,573, 111
					12,051,409		12,173,163
Current assets
Stocks				15	8,174	11,109
Debtors				16	292,308	200,017
Cash at bank and		in hand			4,088,668	4,715,666
					4,389,150	4,927,792
Creditors: amounts		falling	due within	one
year				17	(1,852,845)	(1,904,250)
Net current assets					2,536,305		3,023,542
Total assets less		current	liabilities		14,587,714		15,196,705
Creditors: amounts		falling	due after	more
than one year				18	(1,615,647)		(2,610,704)
Total net assets					12,972,067		12,586,001
Charity funds
Restricted funds				20	2,975	15,605
Total restricted	funds			20	2,975		15,605
Unrestricted funds
Designated funds				20	12,072,722	12,173,163
General funds				20	896,370	397,233
Total unrestricted		funds		20	12,969,092		12,570,396
Total funds					12,972,067		12,585,001

						2022 6	2021f
Cash flows from operating		activities
Net cash used in operating	activities					877,880	958,955
Cash flows from investing		activities
Dividends, interests and rents from investments						5,673	386
Proceeds from the sale of intangible assets						300
Purchase oftangible fixed assets						(304,452)	(66,791)
Net cash used in investing		activities				(298,479)	(66,405)
Cash flows from financing		activities
New borrowing							500,000
Repayments of borrowing						(1,136,465)	(115,514)
Interest paid						(70,701)	(68,068)
Net cash (used in)/provided		by financing	activities			(1,207,166)	316,418
Change in cash and cash		equivalents in	the year			(627,765)	1,208,968
Cash and cash equivalents		at the beginning	ofthe year			4,755,046	3,546,078
Cash and cash equivalents		at the end of	the year		24	4,127,281	4,755,046
The notes on pages 23 to 47 form part ofthese financial				statements

Unrestricted	Restricted	Total
funds	funds	funds
2022f	2022f	2022 5
35,131	464	35,595
	Unrestricted	Total
	funds	funds
	2021f	2021f
	19,549	19,549

	Unrestricted	Total
	funds	funds
	2022 6	2022f
Fees	7,356,888	7,356,888
Extras	198,479	198,479
	7,555,367	7,555,367
	Unrestricted	Total
	funds	funds
	2021	2021
	6
Fees	6,887,011	6,887,011
Extras	123,517	123,517
	7,010,528	7,010,528

						Unrestricted	Total
						funds	funds
						2022f	2022
Summer	schools	courses	and	swim	school	370,210	370,210
School	facilities	letting				17,698	17,698
						387,908	387,908

Income from fundraising events (continued)
	Unrestricted	Total
	funds	funds
	2021f	2021 6
Summer schools courses and swim school	237,957	237,957
School facilities letting	5,439	5,439
	243,396	243,396

			Unrestricted	Total
			funds	funds
			2022 E	2022f
Bank	interest	receivable	5,673	5,673

			Unrestricted	Total
			funds	funds
			2021	2021
Bank	interest	receivable	386	386

					Unrestricted	Total
					funds	funds
					2021	2021
Coronavirus	Job	Retention	Scheme	Claims	159,314	159,314

		Unrestricted	Total
		funds	funds
		2022f	2022
Staff	costs	195,196	195,196
Other	costs	96,417	96,417
		291,613	291,613

		Unrestricted	Total
		funds	funds
		2021	2021f
Staff	costs	164,818	164,818
Other	costs	6,517	6,517
		171,335	171,335

					Unrestricted	Restricted
					funds	funds	Total
					2022	2022	2022
						6
Educational		expenses			4,920,709		4,920,709
Establishment		expenses			823,427		823,427
Discounts,	bursaries		and	scholarships	415,436		415,436
Administration					1,108,003	13,094	1,121,097
Interest					70,701		70,701
					7,338,276	13,094	7,351,370

					Unrestricted	Restricted
					funds	funds	Total
					2021f	2021	2021f
Educational		expenses			4,636,979		4,636,979
Establishment		expenses			689,406		689,406
Discounts,	bursaries		and	scholarships	422,649		422,649
Administration					1,267,361	5,992	1,273,353
Interest					68,068		68,068
					7,084,463	5,992	7,090,455

					Staff costs	Depreciation	Other costs	Total
					2022 F	2022 f	2022 f	2022f
Educational	expenses				4,303,933		616,776	4,920,709
Establishment		expenses			199,684		623,743	823,427
Discounts,	bursaries		and	scholarships			415,436	415,436
Administration					277,953	472,021	371,122	1,121,096
Interest							70,702	70,702
					4,781,570	472,021	2,097,779	7,351,370
					Staff costs	Depreciation	Other costs	Total
					2021 f	2021 f	2021f	2021
Educational		expenses			4,099,302		537,677	4,636,979
Establishment		expenses			196,073		493,333	689,406
Discounts,	bursaries		and	scholarships			422,649	422,649
Administration					425,592	484,521	363,240	1,273,353
Interest							68,068	68,068
					4,720,967	484,521	1,884,967	7,090,455

										2022	2021
										6
Fees payable	to the	company's		auditor		for the audit ofthe company's
annual accounts										10,505	9,550
Fees payable	to the	company's		auditor		in respect of:
Taxation compliance		services								960	870
Accounts preparation										1,165	1,060
Staff costs
							Group		Group	Company	Company
							2022		2021	2022	2021
							6			6
Wages and salaries						3,810,898		3,812,179		3,810,898	3,812, 179
Social security costs							382,756	349,372		382,756	349,372
Contribution	to defined		contribution		pension
schemes							587,916	555,934		587,916	565,934
						4,781,570		4,	727,485	4,781,570	4,727,485

		Group	Group
		2022	2021
		No.	No.
Teachers	and matrons	72	72
Catering	and domestic	18	18
Grounds	and maintenance	7	7
Administration		12	12
Swim school		6	6
Other		6	6
		121	121

Group	Group
2022	2021
No.	No.

						Assets
			Short-term			under
		Freehold	leasehold	Motor	Fixtures	course of
		property	property	vehicles	and fittings	construction	Total
			6	F	6	6	6
Cost
At 1 September	2021	8,695,794	9,106,334	56,458	1,762,276		19,620,862
Additions		82,781	14,400	-	43,507	163,764	304,452
Disposals					(35,245)		(35,245)
At 31 August 2022		8,778,575	9,120,734	56,458	1,770,538	163,764	19,890,069
Depreciation
At 1 September	2021	3,367,943	2,445,778	44,795	1,462,689		7,321,205
Charge for the year		177,722	184,526	3,738	106,035		472,021
On disposals					(35,245)		(35,245)
At 31 August 2022		3,545,665	2,630,304	48,533	1,533,479		7,757,981
Net book value
At 31 August 2022		5,232,910	6,490,430	7,925	237,059	163,764	12,132,088
At 31August 2021		5,327,851	6,660,556	11,663	299,588		12,299,658

						Assets
			Short-term		Fixtures	under
		Freehold	leasehold	Motor	and	course of
		property	property f	vehicles f	fittingsf	constructionf	Totalf
Cost
At 1 September	2021	5,017,274	9,106,334	56,458	1,762,276		15942 342
Additions		82,781	14,400		43,507	163,764	304,452
Disposals					(35,245)		(35,245)
At 31August 2022		5,100,055	9,120,734	56,458	1,770,538	163,764	16,211,549
Depreciation
At 1 September	2021	2,389,029	2,445,778	44,795	1,462,689		6,342,291
Charge for the year		131,906	184,526	3,738	106,035		426,205
On disposals					(35,245)		(35,245)
At 31August 2022		2,520,935	2,630,304	48,533	1,533,479		6,733,251
Net book value
At 31August 2022		2,579,120	6,490,430	7,925	237,059	163,764	9,478,298
At 31August 2021		2,628,245	6,660,556	11,663	299,588		9,600,052

	Investments
	in
	subsidiary
	companies
Company	F
Cost
At 1 September 2021	2,573,111
At 31 August 2022	2,573,111
Net book value
At 31 August 2022	2,573,111
At 31August 2021	2,573, 111

Names			Company	Registered	office	Principal	activity	activity	Class of	Holding
			number	or principal place					shares
				ofbusiness
Holmewood		House	00331126	Langton Green,		Provision	offreehold		Founder	50%
Properties	Limited			Tunbridge	Wells,	property	and	fixtures	shares
(incorporated		in England)		Kent, TN3	OEB	to Holmewood		House
						School
									Bond	55%
									shares
									A Shares	100%
Holmewood		House	05334651	Langton Green,		Dormant			Ordinary	100%
Services Limited				Tunbridge	Wells,
(incorporated		in England)		Kent, TN3	OEB

			Group	Group	Company	Company
			2022 6	2021 f	2022 6	2021 6
Finished	goods and goods for resale		8,174	11,109	8,174	11,109
Debtors
			Group	Group	Company	Company
			2022	2021	2022	202f
			6		6
Due within one year
Trade debtors			67,113	51,493	67,113	51,493
Amounts	owed by group undertakings					1,060
Other debtors			19,400	6,693	20,197	9,486
Prepayments		and accrued income	204,998	137,957	204,998	137,956
			291,511	196,143	292,308	200,017

			Group	Group	Company	Company
			2022	2021	2022	2021f
Bank loans			168,919	363,689	168,919	363,869
Trade creditors			122,870	79,398	122,870	79,398
Corporation tax			19,916	fg,916
Other taxation	and social security		94,759	95,760	94,759	95,760
Other creditors			740,499	534,634	740,501	534,634
Accruals and deferred		income	728,892	633,663	725,796	830,569
			1,875,855	1,927,260	1,852,845	1,904,250

													Group	Group		Company		Company
													2022 F	2021 f		2022 f		2021 f
	Bank loans											1,594,376		2,535,870		1,594,376		2535,870
	Accruals	and deferred				income						21,271		74,834		21,271		74,834
	Share capital treated as debt												1,950	1,950
												1,617,597		2,512,654		1,615,647		2,610,704
	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 3 loans 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~k fixed			and 2.25'/o above base.
	Accruals	and deferred				income include				f21,271		(2021:f74,834) received			by the School		under a single
	advance	payment		scheme as				described		above.
19.	Financial		instruments
													Group	Group		Company		Company
													2022 E	2021 f		2022 f		2021f
	Financial	assets
	Financial	assets measured					at	amortised		cost		4,213,793		4,815,233		4,175,997		4,778, 728
													Group	Group		Company		Company
													2022f	2021 f		2022		2021 f
	Financial		liabilities
	Financial	liabilities			measured			at amortised
	cost											(3,378,779)		(3,569,442)		(3,373,734)		(3,801,711)

Statement offu	nds	-current	year
			Balance at 1				Balance at
			September			Transfers	31August
			2021	Income	Expenditure	in/out	2022
			6		F		6
Unrestricted funds
Designated funds
Designated Funds			12,401,761		(304,452)	34,780	12,132,089
Bursary Fund						21,312	21,312
			12,401,761		(304,452)	56,092	12,153,401
General funds
General Funds			(1,016,032)	7,984,080	(7,325,437)	(36,503)	(393,892)
Minority Interest			1,322,708			(19,589)	1,303,119
Unallocated amounts				(1)			(1)
			306,676	7,984,079	(7,325,437)	(56,092)	909,226
Total Unrestricted		funds	12,708,437	7,984,079	(7,629,889)		13,062,627
Restricted funds
Bursary and Community
Outreach Fund			13,920		(13,094)		826
The Rieckmann	Fund		1,685	464			2,149
			15,605	464	(13,094)		2,975
Total offunds			12,724,042	7,984,543	(7,642,983)		13,065,602

Statemen	t of fu	nds	- prior y	ear
				Balance at				Balance at
				1 September			Transfers	31August
				2020	Income	Expenditure 8	in/out f	2021 8
Unrestricted funds
Designated funds
Designated Funds				12,772,649		(23,218)	(347,670)	12,401,761
General	funds
General	Funds			(1,593,278)	7,433,172	(7,232,579)	376,653	(1,016,032)
Minority	Interest			1,351,691			(28,983)	1,322,708
				(241,587)	7,433,172	(7,232,579)	347,670	306,676
Total Unrestricted			funds	12,531,062	7,433,172	(7,255, 797)		12,708,437
Restricted funds
Bursary	and Community
Outreach	Fund			19,912		(5,992)		13,920
The Rieckmann		Fund		1,685				1,685
				21,597		(5,992)		15,605
Total of	funds			12552,659	7,433,172	(7,261,789)		12,724,042

		Balance at 1				Balance at
		September			Transfers	31August
		2021 F.	Income f	Expenditure f	in/outf	2022 6
Designated	funds	12,401,761		(304,452)	56,092	12,153,401
General funds		306,676	7,984,079	(7,325,437)	(56,092)	909,226
Restricted	funds	15,605	464	(13,094)		2,975
		12,724,042	7,984,543	(7,642,983)		13,065,602
Summary	offunds - prior year
		Balance at				Balance at
		1 September			Transfers	31August
		2020f	Income f	Expenditure f	in/oui	2021f
Designated	funds	12,772,649		(23,218)	(347,570)	12,401,761
General funds		(241,587)	7,433,172	(7,232,579)	347,670	306,676
Restricted	funds	21,597		(5,992)		15,605
		12,552,659	7,433,172	(7,261,789)		12724 042

Analysis of n	et assets between funds -current	year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2022 6	2022 F	2022f
Tangible fixed	assets	12,132,089		12,132,089
Current assets		4,423,990	2,975	4,426,965
Creditors due	within one year	(1,875,855)		(1,875,855)
Creditors due	in more than one year	(1,617,597)		(1,617,597)
Total		13,062,627	2,975	13,065,602

22.	Analysis		of net assets between	of net assets between	of net assets between	funds (continued}
	Analysis		of net assets between			funds - prior year
							Unrestricted	Restricted	Total
							funds	funds	funds
							2021	2021	2021
								8
	Tangible		fixed assets				12,299,658		12,299,658
	Current	assets					4,948,693	15,605	4,964,298
	Creditors		due within	one year			(1,927,260)		(1,927,260)
	Creditors		due in more		than one year		(2,612,654)		(2,612,654)
	Total						12,708,437	15,605	12,724,042
23.	Reconciliation of net movement					in funds to net cash flow from operating		activities
								Group	Group
								2022 8	2021f
	Net income for the year (as per Statement of Financial						Activities)	341,560	171,383
	Adjustments for:
	Depreciation charges							472,021	485,472
	Interest	paid						70,701	68,068
	Dividends,		interests	and rents from investments				(5,673)	(386)
	Loss/(profit) on the sale of fixed assets							(300)	518
	Decrease/(increase)				in stocks			2,935	(2,328)
	Decrease/(increase)				in debtors			(93,370)	135,049
	Increase		in creditors					90,469	101,179
	Net cash		provided	by operating		activities		878,343	958,955
24.	Analysis		ofcash and cash equivalents
								Group	Group
								2022	2021
								F	8
	Cash in	hand						4,127,281	4,755,046