Registered number.. 1468693 Charity number: 279267 HOLMEWOOD HOUSE SCHOOL (A company limited by guarantee) TRUSTEES. REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) CONTENTS Page Reference and admlnlstratlve detalls of the Company, Its Trustees and advlsers Trustees. report 2-20 Independent auditor's report on the financial statements 21-25 Consolidatgd statement of financial activities 26 Consolidated balance sheet 27-28 Company balance sheet 29-30 Consolldated statement of cash flows 31 Notes to the financial statements 32-55
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees N Allan A J B B8rnes J E Priory A T Patton M J Ringer J J Thompson L C Tilley O Upchurch Company registered number 1468693 Charity registered number 279267 Registered office Barrow Lane Langton Green Tunbridge Wells Kent TN3 OEB Independent auditor Crowe U.K. LLP Slatulory Auditor Medway Bridge House 1-8 Fairmeadow Maidstone Kent ME14 1JP Solicitors Moore Barfow The Oriel Sydenham Road Guildford GU13SR Page 1
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together with the audited financial statements for the period 1 September 2024 to 31 August 2025. The Trustees confirm that the Annual Report and financial statements of the Company comply with the current slatulory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommended Practice ISORPI. applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151 as amended by Update Bulletin 1 leffeclive 1 January 20151. Structure, governance and management a. Constitution The Company is incorporated under the Companies Acts and is registered in England & Wales under number 1468693. 11 is limited by guarantee and a registered charity under number 279267, governed by ils Memorandum and Articles of Association, and does not have a share capital. The liability of its members is limited lo £1 each. b. Organlsatlon The Governors, who are also the charity trustees, are responsible for the overall management and control of the School and meet as a Board at least three limes per year. More detailed work is undertaken through a committee structure.. the Education and Pastoral Committee, Premises Committee and Finance Committee. Each committee meets termly. There are a number of Governors with individual responsibilities- for example.. A Governor responsible for Safeguarding A Governor responsible for Health and Safety A Governor responsible for Boarding A Governor responsible for Teaching and Leaming A Governor responsible for Online Safety All Governors give freely of their time and no remuneration or expenses were paid in the year. No Governor or person connected with a Governor received any benefit from either means tested bursaries or scholarships awarded to our pupils. Governors attach great imFlOrtance to the strongest possible safeguarding arfftngements, effective pastoral care and to ensuring that the School's teaching methods meet and will continue to meet pupils, needs so that all pupils reach their full potential. c. Recruitment and training of Governors to Ensure Governance Standards The Governing Body requires badth and depth of experience to carry out its duties effectively and efficiently. When recruiting new trustees a key attribute is 8 passion for the work of our School and an understanding of education as a holistic and rounded experience of personal growth. We invite senior Ioc81 business people to consider joining our B08rd and always ensure that the majority of our Governors have had personal experience of the School - either as a parent whose child or children attended the School or as a pupil. Where possible, the Governors consider that the skills and experience of the Board should include the following". A Governor with a legal background., A Governor with a financial andlor accounting background,. A Governor with education experien., A Governor with senior managerial or business experience., A Governor with expertise in buildings, land andlor property., A Governor with experience of equal opportunities or disability needs", and Al least one female Governor and at least one male Governor. Page 2
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structure, governance and management Icontinuedl One Govemor may have one or more of these skills. The Board aims to ensure a good balance of male and female members and to reflect the diversity of our pupil body. All new Govemors are encouraged to attend courses run by the Association of Goveming Bodies of Independent Schools IAGBISI to help understand their role. Governors also keep up to date with other courses such as the latest Safeguarding training. Governors with specific responsibilities le.g. safeguarding, boarding elcl attend relevant courses and, Governors regularly visit the School lo see It in action and spend time with pupils and stsff. The Board of Governors continues to review its effectiveness and is mindful of the seven key principles of good governance laid out in the Charity Governance Code lo ensure the best possible delivery of the charity's aims. d. Key management personnel The Govemors consider that they, together with the Head, Bursar, Finance Manager and Senior Leadership Team ISLTI comprise the key management personnel of the School. Arrangements are in place for setting the remuneration for key management personnel and, the board has taken Into consideration benchmark information and market pay for these roles. This exercise, together with the overall remuneration of other personnel, forms part of the board's annual salary review, as part of the budget process, which again takes account of market rates of pay and relevant benchmark reports. Organisational Management The Governors determine the general policy of the School. The day-to4ay running of the School is delegated to the Head, supported by senior staff. The Head undertakes the key leadership role overseeing educational, pastoral and adminislralive functions in consultation with the senior staff. The day-lo-day administration of the School Is undertaken within the policies and procedures approved by the Governors which provide for only significant expenditure decisions and major capital projects lo be referred to the Govemors for prior approval. The Head oversees the recruitment of all educational staff, whilst under delegated authority the Bursar oversees the recruitment of administrative and non-teaching support staff. The Head and Bursar are invited to attend all Governors, meetings, with other specialist staff Invited as required and appropriate. f. Principal Risks and Uncertainties The Govemors through the Committees and with assistance from the School's Senior Leadership Team, keeps the School's activities under regular review, with particular regard to any risks which may arise. The Board discusses any risks and takes steps to minimise the probability of occurrence and the extent of the impact that any of them may have on the School. The School maintsins a Risk Register, which Identifies the major risks factors, alongside their likelihood and Impact on the School. The Register describes the control Produres, Including internal controls and other viable means, such as Insuran cover, used lo reduce the likelihood of each event occurring andlor lo miligale ils effect. The Risk Register Is considered In detail by the Head, the Bursar and all the Governors on at least an annual basis. The Board considers that the principal risks which could Impact the School include the following.. A substsntial reduction in pupil numbers, caused by a decline in the affordability of school fees generally across the Independent schools, sector, meaning that fewer pupils attend independent preparatory schools, due lo a difficult economic environment or changes in legislation., Catastrophic events, which cause significant damage to the School's premises, including, for instance, fire or flood., Page 3
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structure, governance and management Icontinuedl Personal health and safety risks, including a major accident involving the School's pupils andlor staff, either on the School premises or when away from the School on trips organised by the School., and iv. Significant financial fraud. The School has control of a subsidiary company, Holmewood House Properties Limited. This Company owns some of the land and buildings from which the School operates. The School purchased a controlling interest in Holmewood House Properties in May 2003 to ensure ils continued use of the grounds and buildings. Objectives and activities a. Charitsble objectives of the Company. The Memorandum of Association of Holmewood House School restricts the Company to the provision of education but permits the directors, powers to conduct a wide range of activities in support of its aims. This is the responsibility of the govemors, who are also the directors of the Company and the trustees of the Charity. None of the directors reiVeS any remuneration. b. Ethos We aim to be a caring School working for the benefit of our pupils and serving our local community and society- We are a charity which seeks lo benefi't the public through the pursuit of ils staled aims. Our fees are set al a level to ensure the financial viability of the School and at a level that is consistent with our aim of providing a first class education to boys and girls. Our School welcomes pupils from all backgrounds. To admit a prospective pupil, we need to be satisfied that our School will be able lo educate and develop a prospective pupil to the best of their potential. Entrance assessments and taster days" are undertaken to satisfy parents and ourselves that potential pupils can cope with the pace of learning and benefit from the education we provide. An individual's economic status, gender, elhnicily, race, religion or disability do not form part of our assessment processes. We are an equal opportunity organisalion and are committed lo a working environment that is free from any fomi of discrimination on the grounds of colour, race, elhnicily, religion, sex, sexual orientation, disability or any other 'prolecled characteristic.. We will make reasonable adjustments to meet the needs of staff or pupils who are or become disabled. Our School is commilled lo safeguarding and promoting the welfare of our pupils and expects all staff and volunteers lo share this commitment. The School's most recent Independent Schools, Inspectorate report, was in May 2024. The School successfully completed ils Routine Inspection meeting all standards in the Independent School Standards Regulations. Parents are given regular information about their children's social and academic progress through parent evenings in addition to the traditional end of term and year reports. We maintain regular contact with parents throughout the year through informal contact and our newsletter. Older pupils have a Head of Year and a Fomi Tutor responsible for pastoral care and academic development. In line with Government policy, we actively promote British Values" and meet the obligations upon us arising from the 'Prevenf' anli-radicalisation strategy. The School's values are Self-Belief, Aspiration and Kindness. Page 4
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Objectives and activities {continuedl c. Aims The School operates as a charitable company limited by guarantee whose Articles of Association include the regulations for appointment of Govemors, all of whom are trustees of the Charity and directors of the Company. The objects of the School are the adVanrnent of education (including social and physical training) of boys and girls. We aim to provide a firsl-class education to boys and girls from the ages of 3 to 13. We seek to provide a structured educational environment that develops our pupils, capabilities, competences and skills. We promote the academic, moral and physical development of our pupils through our academic curriculum, nurturing pastoral care, appreciation of and engagement with the arts, sport and other aclivilies. We provide an educational environment where each student can develop and fulfil his or her potential, building their self-confidence and fostering a desire to contribute to the wider community. In so doing, we prepare our pupils for the opportunities, responsibilities and experience of later life. d. Objectives Our Govemors are responsible for setting a strategy and objectives that reflect the educational aims, ethos and values of the School. The focus for the School Is on the development of our pupils, their continued high levels of academic and co-curricular achievement and lo further widen access to the education our School provides. It is Important that we Continue lo enhance the academic, pastoral and broader educational provision of the School to achieve this. In selling our objectives and planning our activities, our Governors have given careful consideration lo the Charity Commission's public benefit guidance. Our key objectives for the year included.. Furthering the 5 year Stffitegic Vision through the implementation of the School Development Plan Continuing a programme to review and improve the curriculum delivered throughout the School. Review and benchmark the School's academic syllabus, leaching practices and examination results Further development of the first class pastoral care and co-curricular activities, so that all pupils will be ready, al the end of their ts'me with us, to move lo the senior school most appropriate for their further development Investing in the technology, infrastructure, buildings and grounds of our School to better SUPF)Ort the education81 provision Continuing lo improve the School's benefit to the public through supporting pupils in awarding bursaries and scholarships to ensure wider access from all backgrounds,. playing a part in the life of our local community through providing aCsS to facilities to the public, clubs and associations,. cooperating and sharing resources with local schools Page 5
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and performance Pre-Prep Our Pre-Prep department welcomes children from the temi they reach three years old, into the Pre-Nursery. This then leads onto the Nursery which is In essence the Pre-school year. Children then enter our Reception and progress Into Years 1 and 2 before moving into the Prep school. Through a strong and engaging curriculum, quality first teaching, and a strong sense of the school's values, the Pre-Prep provides a nurturing and robust preparation for Prep school life and beyond. The Nursery department continues to draw many families with Ils offering of forest school, weekly swimming lessons. French, Music and PE and Is soon lo be offering a year-round option In addition to the current term-lime only model. In addition to this, our weekly 'Holmewood Hedgehogs, slay and play provision offers the opportunity for families with younger children and often prospective families, lo come and enjoy some lime in the Forest School area. In our extra-curricular provision, the clubs on offer continues to expand for Pre-Prep children with the new offering this academic year of tennis, yoga, Spanish and a new invigorated Gymnastics club. Football, Art and Craft, Chess, Climbing and Dance also continue lo be popular choices. We continue lo enjoy a good success rale on the back of the EYFS group tours which have had excellent feedback. This along with the addition of the Hedgehogs 'Stay and Play, are attracting families both locally and from elsewhere,. usually London. The Pre-Prep are enjoying a year-on-year uplift in the pass rale in the Year 1 Phonics Screening and in response lo the recent changes in the Literacy framework, have reviewed and refreshed the approach to the development of handwriting to support fluency for writing. a. Review of activities Academic Following the move away from the Scholarship Form and Common Entrance Forms we have now decided to Introdu a new curriculum for Year 7 & 8. 'Holmewood Horizons, will now replace the present Common Entrance syllabus. This is in no way intended to dilute the curriculum, in fact il gives Holmewood the opportunity lo relain some elements of the CE syllabus and il also allows us lo extend and broaden areas of interest. The new curriculum has been agreed and welcomed by Senior Schools that our pupils often move on to. Just like Common Entrance there will be assessments al various times of the year. The pupils who are pursuing academic scholarships will continue to work on the new syllabus alongside topics that are relevant to scholarship papers. The 'Sets' system, where all academic subjects are sel into ability groups, which vary from subject to subject and therefore pemiits pupils lo excel within their areas of expertise and talent has been in operation for a year and it is more noticeable that pupils are excelling within their areas of expertise. The scholarship pupils and common entrance pupils are mixing daily which we and parents view as an improvement from a social perspective. In terms of staffing, we have employed another Englishlmaths teacher and this allows the introduction of extra setting in these subjects. Our curriculum continues to be dynamic, and staff constantly reflect on ways to improve leaming opportunities in the school. Page 6
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A significant development introduced to parents in February last year was the Scholarship Readiness Programme which has gone from strength to strength. This new programme of provision has reimagined scholarship to promote participation and excellence. Staff have worked to develop 6 programmes of study.. Academic Arts Design Technology and Engineering Drama Music Sports These programmes continue lo be available to pupils in Year 7 and 8. These areas include academic rigor and excellence while also offering opportunities for leadership and teamwork. 11 has proved very popular with parents and pupils, and the offering sils more comfortably with staff who are enthusiastic and encouraging about their department and the future-proofing success of pupils. Stsff training continues lo promote academics and pedagogy with a particular focus on the following.. Digitally Enhanced Learning, Leaming Slralegies, Supporting ADHD, Adaptive Teaching, Behaviour for Learning, The Challenges of Al and ils Effective Use, SEND training. In addition to this, we have worked on boosting a culture of staff sharing exTrllenl practice. The new Professional Development programme started Ils second cycle this year. Learning Walks and Pupils vol Interviews continue to be completed by SLT and Heads of Department lo further their areas of expertise and understand how lessons are being reived. Pastoral The year has seen consolidation of the Heads of Year structure, bringing enhanced support both to pupils and staff. These roles oversee the pastoral care of each year group and report into the Assistsnt Head Pastoral Care and Wellbeing. Heads of Year line manage their tutors in each year, giving an extra level for pastoral care and communication with parents, pupils and stsff. Team meetings are held half-lermly and cluster meetings weekly. Weekly meetings are also held with the Head of Pre-Prep and Head of Learning Strategies along with an Assistant Heads meeting on a weekly basis. This structure of meetings ensures that communication and information exchange is at ils optimum. There have been extensive changes lo the boarding house sel up. In the Spring term 2025, a new Assistant Houseparent was appointed to live In the Boarding House. In September 2025, after a rigorous selection process, A new Head of Boarding Development was appointed along with their partner as a new Houseparent. Within the boarding house, an extensive refurbishment has also tsken place. AW Spaces were commissioned to design and refurbish 3 bedrooms as well as redesigning living spaces and the addition of a cinema and common room. This has been done to a high stsndard and has also got a VR inleracb.ve tour that has helped to boost numbers. The design was very purposefully done to make the new common room and kitchen the central hub of the house, creating a great atmosphere and mirroring modern boarding life, providing heightened enjoyment which will prepare children for their senior school boarding education. Page 7
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 The tutor system continues lo be an effective monitoring tool as tutors meet with their pupils a minimum of every o weeks. Each pupil completes their safety circle in their 'My Heart, lessons each term, where they identify the adults, they feel safe talking to if they have any conTrrns. The behaviour and rewards system introduced last year has been effective at reducing low level behaviours. The reflective nature has helped children understand their roles In situations and instilled better future responses. Targeted Intervention Plans (TIPI have been effectively intrOdUd as an enhanced help strand, where pupils have key monitored targets against specific criteria. Enhanced interaction with the Learning Strategies department has seen the lunch of mentoring schemes for children with either recent ADHD or ASD diagnosis, lo help them understand their diagnosis and to help them with stratleS and coping mechanisms In both academic and social settings. The Aspirational Leadership Programme continued to evolve. This required all members of Year 8 taking on leadership roles at school, as well as other leadership opportunities for those in lower years. This ranged from Head Boy and Girl, to helping out in Pre-Prep al break and being subject champions. For several positions, pupils were asked to pul themselves forward, with 24 pupils being Interviewed for the Head and Deputy Pupil roles. The Year 8 and Year 3 buddy initiative has continued to be a critically acclaimed part of the scheme by parents and pupils alike. Each Year 3 has a Year 8 buddy who they meet up with every Wednesday morning in tutor lime this has helped develop a strong sense of community belween years.Olher mental health and wellbeing initiatives have been launches Including a Wellbeing Podcast, Interactive cooking demonstrations and 'Big School Buddie5' or 'Mini Mentors, where pupils run clubs or help with breaklimes for the younger pupils. Our school leaders have had presentations on leadership from outside speakers, SLT members and have taken on responsibilities during wel breaks. The 'My Heart, curriculum has continued lo be reviewed and refined, allowing the lessons to be relevant and up lo dale. Examples of this were to Introdu an enhand module on stereotypes and how lo ensure we are indusive, helping to counter online influen$ and to help children make good life Choi$. Several themed weeks or days were again pul on across the whole school to establish and reinforce the key messages on Important topics, such as Anti-Bullying Week, Safer Intemet Day and Mental Health Week. The student council continued to meet every half term, maintaining a strong level of pupil voice, with minutes and actions being displayed in the school. The class representatives for each class were democratically elected as part of a 'My Heart, lesson when they studied democracy and elections. There has also been a newly formed 'Food Committee, who are helping lo gather pupil voice and to lead on some exciting food-based initiatives. The target of Increased parentsl Interaction has been achieved. The Assistant Head Pastoral held a series on in person and online session about internet safety, where it was discovered that parents prefer online sessions in general, due lo busy lives and the ability lo be more efficient in their leaming. Kad Hopwood a leading online safety expert also visited the school and gave all prep children and parents an insightful presentation. All Year groups had a 'Welcome to Year .. session, allowing staff lo give a good introduction to the year ahead and making parents feel more Infomied. There has been a strong focus on stsff CPD this year. Highlights have included EAL, new boarding systems and a Karl Hopwood session to staff. Specific CPD has also been provided lo stsff with 14 staff completing mental health first aid training and 4 stsff completing Andrew Hampton acclaimed 'Girls on Board, training. Targets for the next year around pastoral care for pupils include further development of the My Heart programme lo ensure that online influences are covered sufficiently and for the enhanTrd, safe use of Al in school. Page 8
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Co-curricular activities and trips Acb"vilies During the 2024125 academic year, we offered an average of 86 clubs outside the normal school day, maintaining a broad and balanced programme. Newly introduced clubs have now become established, and we are beginning to see competitive success in areas such as fencing, where pupils have achieved local recognition. We continue to balance paid and non-paid clubs, with a strategic aim lo reduce reliance on paid provision. Many specialist activities require external expertise, and we have strengthened partnerships with providers lo ensure quality and continuity. For example, following challenges with short-notice CanlIatiOnS in gymnastics, we transitioned to CMR Gymnastics, delivering a more reliable and professional service. Attendance at some sports clubs outside the school day remains below target, and this is an area for development. However, feedback on communication has been very positive. The use of SOCS continues to streamline sign-ups and scheduling. In response to parent feedback, we moved club registration from 7pm on weekdays to 12pm on Saturdays, which has been well received. Tri Last year, pupils benefited from 97 off-site trips and 36 on-site enrichment activities beyond the curriculum. Highlights included three overseas trips skiing in France, a sports lour to Dubai, and visit lo the Battlefields in FranTr together with three residential experiences for Years 6, 7, and 8. The Dubai sports tour was particularly successful, generating excellent feedback from parents and pupils. Looking ahead, we plan lo continue our sports tours, with football and hockey In Valencia (February 20261. The annual ski trip will move lo December 2026 in La Plagne to align with the revised holiday calendar. Duke Award The Junior Duke Award is now in its 5th year at Holmewood and sb"Il proves very popular with children and parents alike, with over 110 pupils from Nursery to Y6 completing all the tssks required last year. Challenges not only build life skills,. they also support pupils, wellbeing and help them grow Into responsible, caring global citizens. A special highlight this year was the launch of the Nano Award for our Nursery children. These youngest Dukes look on challenges centred around self-care, tidiness, communication, and recognilion-all designed lo nurture resilience, perseverance, and creativity. With plenty of room for "wild imaginab"on,' the Nano Award has been a joyful sucTrss. Co-curricular and Creative Subjects Art 11 has been a successful year for the Art Department, with a great variety of new projects for the pupils to engage with, enabling them lo explore their Imagination, spontaneity, creative confidence and technical skills. The department was able to further expand its focus on digitslly enhand learning this year, with projects that explored digital photography and painting techniques using the IPads bul also Incorporating the use of CAD software and collaborating with the DT Department and the use of the 3D printers. The focus has been on the development of pupils, skills and encouraging Confiden and fluidity across different apps and software. Pupils In Year 7 designed urban sections with the theme "cities of the future" and these sections were then 3D printed. Pupils were able to tesselale their city sections with other pupils. designs, because of the hexagonal base shapes, and this allowed for discussions around planning larger and more complex city designs. This project has laid down a cross-curricular starting place for next Summer's project with the Year 7 pupils, working with Geography on sustainable city designs. As a department, we are continuing lo explore ways In which we can utilize the digital resources now available to us, whilst keeping pupils rooted in creative projects that develop laclile experiences that develop good fine-molor skills and the confident use of equipment and practical techniques. Page 9
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Pupils worked on some fantastic ceramic projects throughout the year, as well as some wonderful painting projects. In Year 6, pupils learnt how to translate and emboss their creative writing into braille, using braille slates and styluses, as part of a project that explored how we might create athork for those with visual Impairment and blindness. They embossed their own haikus (composed with the guidan of their English leachersl into prints that they had previously made. It was a good year for Art Scholarships, with a record number of pupils working towards a scholarship as part of the new Scholarship Readiness Programme in Year 6 and 7, and with two Year 8 pupils successfully gaining full Art Scholarships lo their choice of secondary schools, Bethany and Sevenoaks. Computing department The Computing Department has continued to evolve over the past academic year, ensuring that our provision meets the needs of the next generation and prepares pupils for a future working landscape that will look markedly different from today. The curriculum remains responsive to ongoing developments within the field, supported by the Head of Department's attendance at conferences and educational technology events such as the BEF[ Technology Show. This enables the school lo remain at the forefront of best practice. As new technologies emerge and artificial intelligence becomes increasingly prominent within education. Il is vital that the school continues to embrace these developments in a measured and informed way. During the academic year, one of the computing suites underwent a full refurbishment. The room now benefits from new carpets, blinds and paintwork, along with an upgraded LED Iighling system and bespoke murals. Together, these improvements give the Innovation Lab a modern and purposeful environment, while also ensuring that the Spa is adaptable for multiple uses, including its transformation into an outstanding facility for ESPORTS. Investment has also been made In our LEGO Robotics provision within the STEAM prraMrne. We have Increased our resources to five LEGO Spike Prime kits, allowing us to offer robotics as a co-curricular club. This term, robotics has also become part of the Year 7 Enrichment Programme, In which pupils design and code driving bases lo navigate our bespoke Brick and Putt mini-golf course, as well as take part in a version of °Robol Wars Further opportunities have been provided for pupils in Years 6 and 8 through robotics workshops and, for Year 8 specifically, coding drones, slrenglhening our STEAM enrichment. This year also marked the school's first entry into the UK Bebras competition, run In association with the Raspberry Pi Foundation. This national competition introduces pupils to computational thinking through a series of problem-solving challenges Involving decomposition and abstraction. All pupils in Years 6 and 7 look part, achieving a commendable set of results for our first year of participation.. 21 Distinctions, 22 Merits and 11 Gold Awards, the latter placing those pupils in the top 10'/o nationally. The school has now entered its second year of the Bring Your Own Device IBYODI initiative, with all pupils in Years 6 and 7 using these devices. Since the previous report, the school has moved to a new device provider, Easy4U. While we initially retained the HP ProBook devices, supply changes prompted a transition lo the Lenovo 2-in-1 Generation 3 devices, which closely resemble the previous model In both specification and suitability. To support the effective and safe use of digital devices, we have introduced 'lmpero', a classroom management system that enables staff lo monitor and support pupils, digital activity during lessons. This adds a valuable safeguarding layer alongside Smoothwall. Online safety remains integral to our computing curriculum across all year group5. In support of this, we welcomed the Kent Child Centred Policing team to deliver age-appropriale guidance on digital safety and behaviour. We also hosted sessions led by Mr Kad Hopwood, a respected expert in the field of online safeguarding. With the rapid development of artificial intelligence, the school has created an artificial intelligence policy, which remains under review due to the complexity and pa of change in this area. Alongside this, we are exploring the Artificial Intelligence Quality Mark offered by the Good Schools Foundation, which provides a structured framework for the effective integration of artificial intelligence within schools. Page 10
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 ESPORTS has continued to thrive al Holmewood this year, with the school achieving considerable success in competitions. In an online tournament, Holmewood reached the finals in the boys, competition, and the school went on lo win and secure runner-up positions in the girfs-only competition hosted by Cottesmore. Further success followed with another victory al Windlesham House School at the end of the academic year. ESPORTS remain a highly popular club among pupils in Years 6 to 8, offering an opportunity for collaboration, digital skill development and representslion of the school in a competitive yel supportive environment. Finally, the school is proud lo have been named a finalist in the Muddy Stilettos Excellence in STEM Awards, and lo have been recognised as this yearfs Talk Education Award Winner for Innovation in Education. These achievements reflect the school's ongoing commitment lo delivering an ambitious, forward-thinking and high- quality computing and digital learning provision. Design Technology The Design & Technology & Engineering department has been embracing new opportunities for student learning by focusing on teaching students how lo use 3D printing software as well a5 a large focus on molorsport engineering. The lower years focus on the more traditional element of DT, such as using hand tools and joining techniques, while the upper school moves more into CAD and CAM processes, allowing for greater focus on the designing element. Year 3 is a wonderful year for DT, since the children are 'chomping al the bif lo gel into the workshop and make things. They learn about Class 1, 2 and 3 levers both through play and experiential learning with the smallest girl in the class being able lo hold 4 of the largest boys on a lever is a very fun memory lo havel They apply this knowledge by making an Ancient Egyptian Shadoof (class 1 lever). They then learn about the repetition and skill of textile weaving and finally get their wish to use coping saws in the workshop, conslrucling accurate mazes using plans and 8mm square sided dowels. Year 4 throws the students straight Into the workshop, first planning and then constructing bug hotels from 14mm thick pine board. Students use marking gauges, the band facer sander, Tenon saws, electric hand drills and the pillar drill. After this project the students have their first taste using Computer Aided Design software ITechsoftl. Finally, they immerse themselves in the fascinating world of biomimicry, where they create a wind turbine that lights up an LED. Year 5 students begin their year looking at linkages and levers. They create a flapping bird mobile by researching and hand drawing templates for the component parts. Students must then intricately saw out their shapes from 6mm MDF wood using the coping saw, then hand drill holes for connecting points and finally assemble with treasury tags. The birds then hang from the Ceiling using counterweights. Their next project looks at mechanisms using CAMS and followers, where they design a scene that Integrates both rotsry and reciprocal movement before assembling Il together. Their final project looks at the power of cardboard modelling aka 'skelch modelling,, which is an industry practice used to create 3D sketches al very low cost to improve prototypes. Year 6 develop their use of hand tools and wood joining by constructing bird houses from 14mm pine. In the following project, they learn how lo use TinkerCAD, which is a 3D modelling program used with our Prusa 3D printers, where they design various shapes. There is a high degree of problem solving during this course, since students are asked lo apply the tools that they have learned to complete the design challenges. One highlight of this project is racing 3D printed, balloon-powered dragsters that they have designed and personalised. The final project in Year 6 is to learn about constructing bridges using craft materials. Students are taught lo apply problem-solving engineering principles based on the knowledge of how the bridges are assembled in actual size. Page11
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 In Year 7, students are introduced lo the Memphis Group design movement and experiment with interpreting this design movement. They learn how to solder a basic LED circuit together and assemble a lighl-up sign using laser cut acrylic of their designs with a base they also assemble and that houses the circuit they have soldered. Their following project focuses on accurate model making, as they assemble a battery powered push switch vehicle. using a DC motor, belt, and pulleys. The push switch is made using lin foil and wires connected to the ballery and using hand-cut cardboard. This year group did not use TinkerCAD so the final term is spent training them on TinkerCAD. Year 8 b1n$ the year by focusing on accuracy using hand tools. From a single blank, they mark out and saw the pieces they need to make a finger jointed box. The skill of this project involves using the try square, the marking gauge, and accurate control of the tenon, and coping saw. Following on from this project, students then create polished pewter jewellery both using traditional hand cut moulds for a more bespoke feel and using laser cut moulds for precision. The pewter is healed and poured into moulds, before being shaped and burnished using ever finer grits of glasspaper. Further opportunities this year are the Greenpower Club, with the kil car having been purchased by Friends of Holmewood. The team will now build and raTr the car at national events and spend the term time tinkering with the engineering problems posed by the car's efficiency. The Solar Kiln project is still ongoing and has been gradually making progress. This project offers huge opportunities for the students involved since the construction challenges are highly unusual learning points. There has been one scholar applying this year, and he was sadly unsuccessful in his application to Tonbridge bul received glowing feedback from the Head of Tonbridge for the quality of his work. Enrichment This was our second year running our new comprehensive Enrichment curriculum and various updates have been made. This year provided an opportunity to embed the good practice from the trial and timetable Improvement and stsffing where appropriate. Increasingly, we see enrichment features as a vital part of our bespoke provision. The curriculum is sel up to be flexible but also to run to themes. This way, staff have the ability lo ensure that lessons run to pupils. interests as well a5 the pupils, needs, while promoting skills and knowledge in an area decided to be important to that age and stage of learning. In Years 3 and 4, pupils complete STEAM based aclivilies. This includes Forest School, Cookery, Aeronautics, BeeBols and Game Design. In Year 5 and 6, we introduTr My World learning and provide time and resources for Pre-Test preparation Imalhs, English, Reasoning on ATOMI. Modules for My World include Careers, Politics, Debating, Forest School and Sustainable Fashion. In Year 7, we start to shift focus towards presenting the ideas. We focus on communication and active citizenship with modules including Philosophy, Eco Travel, Money Management and Further Debating. In Year 8, they use time in Enrichment to complete Leadership training. This was for part of the year, and then pupils completed their own Personal Enrichment Project. This year we are also introducing TED talks with training by TEDX. LAMDA and Drama This year, Drama al Holmewood has been both vibrant and memorable, showcasing the tslenl, creativity and dedication of students across every year group. Our productions engaged, challenged and delighted audiences, with each group bringing unique perspectives and energy to the stage. Page 12
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 In the Prep School, our youngest pupils look centre stage with their Year 3 and 4 production of Porridge. This ambitious show featured an array of whole<ast songs, ensemble storytelling and confident solo performances, all delivered in front of a packed theatre of pupils, parents and stsff. The children's enthusiasm, teamwork and commitment were evident in every scene. The overwhelmingly positive feedback reTrived highlighted not only the pupils, hard work, but also the thoughtful guidance of their teachers. It was a joyful celebrabon of creativity and determination. Year 5 took audiences on a historical journey back to the 1940s with their play centred around Evacuees. This thoughtful production explored the eXperIenS of children evacuated lo the countryside during the Second World War. The pupils handled the material with maturity, bringing history to life through moving portrayals that conveyed both the hardship and resilien of the era. Their performances helped the audience connect with the past in a powerful and meaningful way. In contrast, Year 6 tackled a modern and highly relevant topic through their devised performances, exploring the impact of social media. Their original pleS balanTrd both the positive opportunities and the potential risks of life online. The students, creative inlerprelalions, combined with honest and Ihoughl-provoking storytelling, captivated a full house and encouraged reflection on the complexities of the digitsl wodd. Their work highlighted Impressive maturity and strong collaborative skills. The yearfs major highlight for our senior pupils came In the form of the Year 7 and 8 production of Frozen. The pupils explored key musical theatre skills, including characlerisation, vocal performance, ensemble movement and storytelling through song. They also developed technical awareness through staging, choreography and working with musical underscoring. The production received standing ovations every night. The energy In the theatre was electric, and the performan$ demonstrated the eXptIOnal hard work and talent of everyone Involved, from pupils lo stsff. 11 was a resounding success and a testament to the strength of Drama at Holmewood. The LAMDA programme has continued lo flourish, with this year marking a record-breaking achievement. Before the summer holidays, 92 pupils took their LAMDA exams and achieved outstanding results, including the highest number of distinctions ever recorded at Holmewood, with 88 achieving this level. A huge well done lo all who look part. The LAMDA provision remains a Cornerstone of our dramatic education, helping pupils to develop confidence, articulate communication, resilience and a life4ong love of performance. Its value is recognised across the school community by parents. staff and students alike. We are also extremely proud lo report that four of our pupils were awarded Drama Scholarships lo their new schools-an outstanding achievement that reflects the high standard of Drama leaching and learning at Holmewood. Finally, we are delighted lo share that Holmewood has been named Best Perfomiing Arts School in the UK by The Independent School Magazine120251. This national recognition reflects not only the strength of our Drama Department but also the school's unwavering commitment lo excellence in the arts. In conclusion, this yearfs dramatic achievements reflect the passion, lalenl and dedication that define Holmewood's commitment lo the perfomiing arts. From historical reflections and contemporary issues lo large- scale musical Ihealre, our pupils continue lo entertain, educate and inspire through their work. We look forward lo building on this SusS with even more memorable productions and achievements in the coming year. Page 13
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Music Our music department gained deserved recognition this year with the Independent Schools Award for Performing Arts going to Holmewood House with a particular mention of the number of pupils taking up orchestral Instruments which Is largely due to our instrumentsl class music program and the Exploring Instruments Course which has been a roaring sucTrss, resulting In over 120 children now learning an orchestral inslrumenl. Following our success al building up brass playing and double reed instruments al Holmewood we have been focusing on saxophone and clarinet this year and now have 12 saxophonists across the school and a similar number of clarinet players. SupF)Orting the promotion of the importance of learning an orchestral instrument we now have a 45 ple symphony orchestra, the largest in quite a few years at Holmewood, a chamber orchestra made up of potential music scholars. a senior and junior brass group, a swing band, junior wind band and a junior string orchestra. Continuing to emphasise the importance of singing, we have over 30 children in the Junior Choir and Pre-prep Choir respectively, over 50 in the Choristers, Choir plus 12 members of staff, all preparing for the Christmas Carol Service. Our weekly Good Moming Performing concert serie5 continues to be very popular with pupils, parents and staff with sometimes as many as 10 performances squeezed into 25 minutes playing lo a packed audiencel The Music Department continues lo host lermly concerts featuring combined year groups - in the autumn temi the Years 7 and 8 are featured, with the Years 5 and 6 in the spring term and the Years 3 and 4 In the summer term. We also hold regular Pre-Prep breakfast concerts to provide performing opportunities for our youngest players. We had young musicians working for scholarships last year and both were successful with one student gaining 3 awards ILancing, Sutton Valence & The King's School, Canlerburyl with the other student gaining a music scholarship to Eastbourne. Sport This year sport continued to thrive and the success of the department was very visible. Vvilh great success on the extensive and well maintsined sports facilities, special mention musl go to the 1 st Team Netball who were recognized as Achievement of the Year on speech day. They had an unbeaten season and went on to win the Kent County Tille for U13's which included all of the schools entered in Kent, Including Grammar Schools, Academies and Independent Schools. They then went on lo qualify for the National IAPS Finals in which they finished as runners-up. All of the girfs played out of school with most on pathways for London Pulse and County Netball. The department continued to focus on participation and had a 100'k participation rale for all those fit and able in the major team sports. There were tournaments for all levels and abilities locally, whilst the more able teams were also entered Into high profile tournaments such as IAPS. UKSA and those hosted by senior schools. We had county representslion for boys and gids in a number of sports including hockey, netball, cricket, football and alhlelics whilst many also attend a number of out of school clubs, with whom we strive to work with to encourage pupils to allend. Page 14
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Sporting Achievements for 2024125 of note are.. U11 Girls Hockey Plate winners of IAPS Regional Tournament U13 Girls Hockey winners of Bede's Toumamenl. U10 Boys Hockey Runners up at Ardingly Hockey Tournament. 1st Netball winners of Sl Michael's Tournament and Hazelwood versatility Tournament. 1st Team Netball winners of Kent Schools 1st Team runners up Nationally in U131APS Netball Tournament U108 team winners al Sl Michaels, Netball Tournament U108, U118 silver medallisls al Football Tournament U9A girls runners up at Football Tournament. A Year 8 boy represented Kent at Cricket 2 pupils represented Kent al the IAPS Alhlelics championships in Birmingham. 1st Team girls Cricket had an extensive fixture list and were led by Kent Ladies Coach, James Hockley. In total 11 pupils were confident enough to apply for sports scholarships. 6 of the candidates were successful gaining scholarships to Brighton College, Epsom, Hurst and Millfield. Swimming A number of pupils qualified for the National Finals held al London's aquatic cenler including both the boys and girls senior relay teams and 8 individual qualifiers. The competition was tough but one Year 5 boy gained a medal and was 3rd Nationally In 50m Breaststroke with one Year 8 boy finishing 4th In 50m Backstroke and another Year 8 boy 6th in 50m Freestyle. Squash Nick Joughlin continued to coach squash and also completed his mini-bus test and safeguarding so he could lake matches and teams lo competitions. We had matches against Sevenoaks which were pitched accordingly and he was keen to involve more younger pupils and girls. Gymnastics The number5 and stsndard Improved markedly. The U11Team had success at the 2 ple championships and became National Champions. Individually, a Year 6 girl was a silver medalist and another Year 6 girl Bronze medalisl.There is a new partnership with CMR Gymnastics who have already successfully Increased numbers which wil look lo continue through out the year. They are also able to ensure that cover is alay$ at hand Meaning we should never need lo cancel a class. Girts Football The Girls football tournaments look place once again this year with 1,100 gids taking part in a tournament beeen 2 days. All girls from years 3-6 played in a loumamenl and Holmewood worked in collaboration with other local Prep Schools in the organizalion of the competitions, including Somerhill and Rosehill. Athletics We entered a number of alhlelic meets against local prep schools and the Kent Regional competition at which 2 pupils qualified for the National finals. Page 15
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Sports Refurt)ishment Sports facilities were upgraded with new equipment. This included. New Hockey Goals In the hope that we can al some point let the facility to a local club. A new landing area for high jump. The Year 3 + 4 Boys changing rooms were also refurbished to accommodate both years with lockers being removed and new benches added. New mobile floodlights have been purchased to allow activities and sports to continue on the astroturf and on the netball courts during the darker months. b. Our Bursary and Scholarship Awards It is important lo the School that access to the education we offer is not restricted lo those who can afford our fees. The School's Bursary and Scholarship policy focuses more resources on bursary support to further Increase acTrss to Holmewood. We believe all pupils benefit from learning within a diverse community. A great deal of learning occurs through social Interaction, conversation and shared experiences which helps our pupils develop an understanding of the perspectives of other people that will be vital In their adult lives. During the academic year 2024125 some 14 pupils were in receipt of bursary andlor scholarship support to a total value of £118,94811.4'/o of gross school fees). Assistsnce for our Teaching Stsff - As part of our emphasis on attracting and retsining high calibre staff, we offer a discount scheme where staff members choose to educate their children at our School. Our Contribution to the Wider Community Philanthropy and community engagement are central to life al Holmewood House. We aim lo make a practical difference locally while helping pupils develop empathy, social awareness and a strong sense of service. We work closely with local schools and community groups to support families in need. This year, parents and the School jointly funded £3,960 In supermarket food vouchers distributed through partner schools, alongside donations of winter coats, scarves and gloves. Harvest Festival collections and seasonal appeals have supported Nourish Community Foodbank. Charitable fundraising runs throughout the year. Recent pupil and community initiatives have supported Macmillan Cancer Support Ilhrough a coffee moming raising £1,500), Blood CanTrr UK, Mayfield and Five Ashes Community Services, Folly Wildlife Rescue and local church outreach including Sl Paul's, Ruslhall. Proceeds from honey produced by the School's on-site beekeeping project are donated lo Hospice In the Weald. Page 16
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support for people experiencing homelessness is a particular focus. Our annual Warm Socks Appeal has delivered more than 400 pairs of warm socks directly to people sleeping rough in London, working with groups Including Brixton Soup Kitchen and local church outreach teams. Senior pupils also take part in awareness and fundraising aclivilies, including sponsored events and a supervised sleep-oul supporting Kent homelessness charity Porchlighl. Community access lo School facilities is another important contribution. Each year, more than 650 non- Holmewood pupils attend evening and weekend swimming courses here, and local maintained primary h0O18 use our pool to meet national curriculum swimming requirements. We host a Saturday stage school, run holiday courses in sport and the arts, and make our theatre and sports facilities available to local clubs and associations. Our Senior Master has also visited partner education projects in Zambia (Shine Iileracy programmel and South Africa (Healherbank school Inib"ativel, funded through second-hand uniform sales, to see first-hand how these charitable links are supporting children's education. Through sustained partnerships, fundraising, shared facilities and pupil involvement, the School seeks to contribute meaningfully both to the local community and to wider charitsble causes. Going concern In their assessment of going concern, the Trustees have considered the ongoing impact on the charitable company as a result of a number of more significant risks. The Trustees continue lo monitor the risk framework of the School and consider suitable contingent mitigations as necessary. The Governors and School continue lo adjust financial and operational plans for the future to ensure the adverse effects and risks are miligaled as effectively as possible. The Trustees have updated their annual budgets and forecasts based on eslimales of any future risks and have a reasonable expectation that the charitable company has adequate resources lo continue in operational existence for the foreseeable future. Having regard lo the above, the Trustees believe it appropriate to adopt the going concern basis of accounting in preparing the financial stslemenls. Financial review and strategic report a. Financial perfomiance The financial statements show nel incoming resources for the year on School activities of a £25,275 loss (2024 - £722,894 income). The principal source of income is fees accounting for 93.10/0 (2024 - 93.4Y.J of the School's income. As the School is a charity, the parents of our pupils have the assuran that all income must be applied for educational purposes. As an educational charity we enjoy corporation tax exemption on our educational activities and on any investment income and gains provided these are applied for our charitable aims. The financial benefits we re1ve from these lax exemptions are all applied for educational purposes and indirectly help us lo maintsin our bursary policies. We also pay lax as an employer through the national insurance contributions we make. In addition lo the very substantial benefits our School brings lo our pupils and wider society through the education we offer, our bursary programme and the sharing of our facilities with maintained schools and local community groups create a social asset without cost to the Exchequer. Page 17
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Financial review and strategic report Icontinuedl b. Reserves policy As shown in the Ststemenl of Funds note to these accounts the unrestricted funds at the balance sheet date amounted lo £14,531,294 (2Q24 - £14,556,570). The School's free reserves, this is calculated as reserves less fixed assets less designated funds and amounts 10 £470,357 (2024 - £822,298). This is because the School has invested subslanlial sums into new buildings in recent years and has a continuing programme of refurbishment, development and investment to maintain excellent leaching facilities. Reslricled reseNes relate to the Community Support Fund. The Govemors regularly review the School's finances, budgets and spend against budget. The Governors, policy is to aim to hold al least £500,000 in cash lo fund any unexpected expenditure or shortfall in income. The Governors believe that the current levels of reserves are acptable given the School's future income streams. c. Our Bulldlngs, Facllltles. Malntenance and Development A crucial element of the School's ongoing strategy Is the first<lass upkeep and development of our estate to ensure the best possible support lo our educational provision. The School Completed a number of projects to maintain and develop the facilities. The following projects are examples of ongoing developments completed in the year. Phase 1 of Boarding Refurbishment Replacement of all lights with LEDS Boiler Replacement in Theatre Refurbishment of staff accommodation Mansion stonework and implementation of rolling replacement of windows The Governors are grateful for the continued support of the Friends of Holmewood House School for their ongoing fund raising and their contributions lo the School facilities. Plans for future periods a. Future developments As part of developing future plans for the School's pastoral and educational provision, the Governors artively onsull with staff, parents and students. The Governors maintain the School's strong position in a competitive market by investing lo provide high quality education for our pupils. Achieving an exceptional standard of academic results is a constant aim whilst maintaining the breadth and depth of the education provided. The Head and senior staff continue to review the curriculum to ensure that the educational pathways offered remain appropriate for our pupils, development. The ongoing development of the infrastructure and facilities of the School to support the educational provision are also central to our strategy. Our future plans are fInand primarily from fee income and reserves yet we are exploring additional revenue streams to enhance the School's financial performance. The Governors are mindful of maintaining a balance ensuring our current pupils benefit whilst. al the same time, ensuring a sound infrastructure and financial base are preserved for the next generation in the same way as our current pupils benefit t(Iday from the investment made in the past. The Govemors also view our bursary and scholarship awards as important in widening ac$$ to the education our School provides. Page 18
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Plans for future periods Icontinuedl b. Strategic Vision The Governors and staff continue lo develop the School aligned with the 5 Year Strategic Vision lo ensure the School maintains the exTrptionally high standards it sets itself and to enhance the educational provision for the future. The purpose of the School is to provide an enriching environment for learning that develops the essential qualities and character in all our pupils lo allow them lo make a positive difference to society. Within that conlexl, the four key themes of the Vision are shown below. Teaching and Learning An exciting and 'fulure empowered, learning which nurtures potential resulting in exceptional results for our pupils Pastoral and Boarding A ch1ld-ntred approach which allows children lo flourish and enjoy the wonder of childhood Estates A cohesive 'One School, sile with exceptional estate standards that fully supports the learning experien of our pupils Financial A strong commercial proFX)Sition to fund our educational aspirations and to widen a$$ lo a Holmewood education ststement of Trustees. responsibilities The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounts'ng Practi1. Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial slatemenls, the Trustees are required lo.. select suitable accounting policies and then apply them consistently", observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 19
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Disclosure of infomiation to auditor Each of the persons who are Trustees al the time when this Trustees, report is approved has confirmed that.. so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditor is unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order lo be aware of any relevant audit information and lo establish that the charitable group's auditor is aware of that information. Auditor The auditor, Crowe U.K. LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor al a meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. J J Thompson Trustee Dale.. 2110512026 Page 20
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HOLMEWOOD HOUSE SCHOOL Oplnlon We have audited the financial statements of Holmewood House School (the 'parenl charitable company'l and ils subsidiaries Ilhe 'group'l for the year ended 31 August 2025 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balan sheet, the Consolidated slalement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the slate of the Group's and of the parent charitable company's 8ffairs as at 31 August 2025 and of the Group's incoming resources and application of resources, including ils income and expenditure for the year then ended., have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial slalemenls section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial slalemenls 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 doubl on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least e1ve months from when the financial slalements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going conrn are described in the relevant sections of this report. Page 21
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HOLMEWOOD HOUSE SCHOOL ICONTINUEDI Other Informatlon The other infomialion comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contsined within the Annual report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo 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 course of 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 misststemenl 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. Oplnlon on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, report for the financial year for which the financial statements are prepared is consistent with the financial ststements. the Trustees, report has been prepared in accordan with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the charitable company and its environment obtsined in the course of the audit, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion". the parent ch8ri18ble company has not kept adequate and sufficient aceounling records, or returns adequate for our audit have not been received from branches not visited by us, or the parent charitable company financial statements are not in agreement with the accounting records and returns,. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Page 22
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HOLMEWOOD HOUSE SCHOOL ICONTINUEDI Responslbllltles of trustees As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl 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 neSSary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent 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 Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Page 23
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HOLMEWOOD HOUSE SCHOOL ICONTINUEDI Audltorfs responslbllltles for the audlt of the flnanclal 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 an Audilovs report 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 IUKI will always detect a material misststemenl 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 lo influence the economic decisions of users taken on the basis of these financial ststemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misststemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detsiled below.. We obtained an understanding of the legal and regulatory frameworks within which the Company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial slalements. The laws and regulations we considered in this context were the Companies Act 2006 and Charities Act 2011. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, lo be the override of controls by management. Our audit procedures to respond lo these risks included.. enquiries of management about their own identification and assessment of the risks of irregularities., reviewing board minutes and making enquiries of management regarding any non-compliance with laws and regulations and fraud., reviewing the revenue, supplier payments and payroll systems for significant deficiencies or susceptibility lo fraud., challenging assumpts'ons and judgements made by management in their significant accounting estimates and judgements,. and reviewing journal entries, in particular any journal entries posted with unusual account combinations. Owing lo the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misststemenls in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected lo detect non-compliance with all laws and regulations. These inherent limitations are particulady significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed lo avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.or .uklauditorsres onsibilities. This description forms part of our Auditor's report. Page 24
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HOLMEWOOD HOUSE SCHOOL ICONTINUEDI 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 slate to the charitsble company's members those matters we are required to stale lo them in an Audilovs 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 its members, as a body, for our audit work, for this report, or for the opinions we have formed. Adam Terry {Seniorststutory audltor) for and on behalf of Crowe U.K. LLP Statutory Auditor Medway Bridge House 1-8 Fairmeadow Maidslone Kent ME14 1JP Dale.. 2110512026 Page 25
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitsble activities Other trading activities Investments 18.784 8,798,213 463,332 167,890 18.784 8,798,213 463,332 167,890 2,559 9,075, 703 442,563 198,901 Total income 9,448,219 9,448,219 9, 719, 732 Expendlture on: Raising funds Charitable activities 418,134 9,054.825 418,134 9,055.358 323,392 8,673,446 533 Total expendlture 9,472,959 533 ,473,492 8,996,838 Net movement in funds 124.7401 15331 125.2731 722, 894 Roconciliation of funds: Total funds brought forward Nel expenditure attributable to the parent company 14.556.570 3.743 14.560.313 13,837,419 147,0161 147,0161 702,862 14,509,554 3.743 14,513,297 14,540,281 Nel income attributable to non- controlling interests 21.740 21.740 20,032 Total funds carried forward 14,531,294 3,743 14,535,037 14,560,313 The Consolidated statement of financial activities includes all gains and losses recognised in the year. The notes on pages 32 to 55 form part of these financial statements. Page 26
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) REGISTERED NUMBER: 1468693 CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note Fixed assets Tangible assets 12 12.779.100 12,399,273 12,779,100 12,399,273 Current assets stocks Debtors Cash al bank and in hand 14 15 10.818 1,043,956 4,449,642 10,879 524,958 5,418,594 5.504,416 5,954.371 Current liabilities Creditors." amounts falling due within one year 16 13,046,278) (2, 109,243) Net current assets 2,458,138 3,845, 328 Total assets less current liabilities 15.237.238 16,244,401 Creditors." amounts falling due after more than one year 17 {702,1981 (1,684,088) Total net assets 14,535,040 14,560.313 Charlty funds Reslricled funds 19 3.210 3, 743 Total restricted funds 19 3,210 3, 743 Unrestricted funds Designated funds General funds 19 12,684.508 608,124 12,473,334 822,298 19 Tot81 unrestricted funds Total funds attributsble to the paront charity 19 13,292,632 13,295,632 13.295.842 13,299,375 Page 27
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) REGISTERED NUMBER: 1468693 CONSOLIDATED BALANCE SHEET ICONTINUEDI AS AT 31 AUGUST 2025 2025 2024 Note Non-controlling interests 1,239,198 1,260,938 Total funds 14.535,040 14,560,313 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial ststements. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. J J Thompson N Allan 2110512026 2110512026 Dale". The notes on pages 32 to 55 form part of these financial statements. Page 28
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) REGISTERED NUMBER: 1468693 COMPANY BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note Fixed assets Tangible assets Investments 12 13 10.262,757 2,573,111 9,837,716 2,573,111 12,835,868 12,410,227 Current assets Stocks Debtors Cash al bank and in hand 14 15 10,818 1,043,957 4,410,828 10,819 524,958 5,375.506 5.465.603 5,911,283 Current liabilities Creditors.. amounts falling due within one year 16 13,015,729) (2.077,812) Net current assets 2.449.874 3,833,471 Total assets less current liabilities 15,285,742 16,243,698 Creditors.. amounts falling due after more than one year 17 {700,2481 fl,682, 338) Total net assets 14.585,494 14,561,560 Charity fund$ Reslricled funds.. Reslricled funds 19 3,743 3, 743 Total restricted funds 19 3,743 3, 743 Unrestricted funds Designated funds General funds 19 12,821,739 1,760,012 12,396,095 2,161,722 19 Total unrestricted funds 19 14.581.751 14,557,81T Totsl funds 14.585,494 14,561,560 The Company's net movement in funds for the year was f23,935 (2024 - £768,369). Page 29
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) REGISTERED NUMBER: 1468693 COMPANY BALANCE SHEET ICONTINUEDI AS AT 31 AUGUST 2025 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Nickolar J J Thompson 2110512026 N Allan Dale.. 2110512026 The notes on pages 32 to 55 form part of these financial statements. Page 30
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Cash flows from operating activities Nel cash used in operating activities 15.069} 2,333,961 Cash flovts from investing activities Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of18ngible fixed assets 28.396 198,907 3,954 {640,222) 1923,944) Net cash used in investing activities 1895,548} {437.3611 Cash flows from flnanclng actlvltles Repayments of borrowing Interest paid {28,410} 139.926} (28,409) (25,699) Net cash used In flnanclng actlvltles 168,336} 154,1081 Change in eash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 1968,953) 1,842,492 5.418.595 3,576, 703 Cash and cash equlvalents at the end ofthe year 23 4,449,642 5,418,595 The notes on pages 32 to 55 form part of these financial statements Page 31
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General Infomiatlon Holmewood House School is company limited by guarantee, incorporated in England and Wales Icompany registration number 1468693 and charity number 2792671. The principal activity is that of an independent school. The Company's registered address is.. Barrow Lane Langton Green Tunbridge Wells TN3 03B Accountlng pollcles 2.1 Basis of preparation of financial statements The financial slalements have been prepared in accordan with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Holmewood House School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. The Consolidated statement of financial activities ISOFAI and Consolidated balan sheet consolidate the financial statements of the Company and ils subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented ils own Statement of financial activities in these financial slalements. 2.2 Basis of consolidation The financial statements consolidate the accounts of Holmewood House School and all of ils subsidiary undertakings I'subsidiaries'l. The income and expenditure account for the year dealt with in the accounts of the Company was £23,934 (2024 - £768,369J. 2.3 Company status The Company is a company limited by guarantee. The members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £1 per member of the Company. Page 32
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Icontlnuedl 2.4 Going concern In their assessment of going concern, the Trustees have considered the ongoing impact on the charitable company as a result of a number of more significant risks. The Trustees continue to monitor the risk framework of the School and consider suitable conlingenl mitigations as necessary. The Governors and School continue lo adjust financial and operational plans for the future to ensure the adverse effects and risks are miligaled as effectively as possible. The Trustees have updated their annual budgets and forecasts based on estimates of any future risks and have a reasonable expectation that the charitsble company has adequate resources to continue in operational existence for the foreseeable future. Having regard to the above, the Trustees believe it appropriate to adopt the going cOnM basis of accounting in preparing the financial statements. 2.5 Fund accountlng General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. 2.6 Income Fees re1vable and charges for setvices, less any allowances, scholarships and bursaries granted by the school against those fees are accounted for in the period in which the service is provided. Where the fees are received for a future service period they are included in deferred income, including those fees received under an advance fee payment scheme. Investment income is accounted for on an accruals basis. Other income is recognised in the period in which it is a re1vable and to the extent the goods have been provided or on completion of the servi. Income lax recoverable in relation to donations reiVed under Gift Aid or deeds of covenant is recognised at the lime of the donation. Page 33
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Icontlnuedl 2.7 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that aclivily. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Costs of generating funds are costs incurred in attracting voluntsry income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the Company's educational operations, including support costs and costs relating to the governance of the Company apportioned to charitable activities. Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for ils charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on direcuy undertaking the activities which further the Group's objectives, as well as any associated support costs. 2.8 Government grants Government grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated statement of financial activities upon the completion of the relevant performance- related conditions. Other grants that are not subject to performance-relaled conditions are credited lo the Consolidated statement of financial activities as the grant proceeds are received. Grants received prior lo the revenue recognition criteria being satisfied are recognised as a liability. 2.9 Tanglble flxed assets and depreclatlon Tangible fixed assets costing £2,500 or more are capitslised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tsngible fixed asset into its intended working condition should be included in the measurement of cost. Al each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined lo be the higher of its fair value less costs to sell and ils value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Page 34
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Icontlnuedl 2.9 Tangible fixed assets and depreciation Icontinuedl Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following bases.. Freehold propety Short-temi leasehold property Motor vehicles Fixtures and fillings 2_10Qk straight line straight line over the life of the lease 250/0 reducing balan 50k_250/o Straight linelreducing balance Assets under construction are not depreciated while the project is on-going. 2.10 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value al the Balance sheet date, unless the value cannot be measured reliably in which case it is measured al cost less impaimient. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Consolidated slalemenl of financial activities. Investments in subsidiaries are valued at cost less provision for impairment. 2.11 Operatlng leases Rentals paid under operating leases are charged lo the Consolidated statement of financial activities on a straight line basis over the lease term. 2.12 Stocks Stocks are valued al the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs. 2.13 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company., this is normally upon notification of the interest paid or payable by the Bank. 2.14 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Known bad debts are written off and a provision is made for any considered lo be doubttul. 2.15 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Page 35
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Icontlnuedl 2.16 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the selllemenl can be estimated reliably. Liabilities are recognised al the amount that the Company anticipates il will pay to settle the debt or the amount il has received as advanced payments for the goods or services il musl provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rale that reflects the risks specific lo the liability. The unwinding of the discount is recognised within interest payable and similar charges. 2.17 Flnanclal Instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.18 Penslons Teaching staff are members of the Teacher's Pension Scheme ITPSI, a defined benefit scheme administered by the Teachevs Pension Agency. Contributions to the scheme are charged lo the Statement of Financial Activities as they fall due. The TPS is an unfunded scheme. Contributions on a "pay as you go basis are credited to the exchequer under arrangements governed by the Superannuation Act 1972. Actuarial variances are carried out on a national set of investments. Under the definitions sel out in FRS 102 the TPS is a multi-employer pension scheme. The charity is unable to identify its share of the underlying Inolionall assets and liabilities of the scheme. Accordingly, under FRS 102 the scheme is accounted for as if it was a defined contribution scheme. The charity also contributes to a personal pension scheme for ils non-teaching staff and the pension charge recognised in the Statement of Financial Activities represents the amounts payable by the charity to the fund in respect of the year. 2.19 Fees In advance Fees received in advance are carried fotward for credit in the period to which they relate. Page 36
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Icontlnuedl 2.20 Key areas of judgement and estimation uncertainty Estimates and judgements are continually evaluated and are based on historical experience and other factors, inciuding expectstions of future events that are believed to be reasonable under the circumstances. Critical accounting eslimales and assumptions.. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities within the next financial year are discussed below. il Tangible fixed assets.. the Iruslees annually assess both the residual value of these assets and the expected useful life of such assets which is currently judged to be up to 50 years, based on experien. ill Recoverability of trade debtors.. the directors annually assess whether a bad debt provision is required for any bad or doubtful debtor balances. Income from donatlons and legacles Unrestrlcted funds 2025 Total funds 2025 Donations 18,784 18,784 UnStricted funds 2024 Total funds 2024 Donations 2,559 2,559 Page 37
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from charltable actlvltles Unrestricted funds 2025 Total funds 2025 Fees 8,631,431 166,782 ,631,431 166.782 Extras 8,798,213 8,798,213 Unrestricted funds 2024 Total funds 2024 Fees Extras 8,906,598 169, 105 8,906,598 169, 105 9,075. 703 9.075, 703 Income from other trading activities Income from fundraising events Unrestricted funds 2025 Total funds 2025 Summer schools courses and swim school 425,051 38,281 425,051 38,281 School facilities letting 463,332 463,332 Page 38
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from other tradlng actlvltles Icontlnued) Income from fundralslng events leontlnuedl UnStricted funds 2024 Total funds 2024 Summer schools courses and swim school 407,180 35,383 407, 180 35,383 School facilities letting 442,563 442,563 Investment income Unrestricted funds 2025 Total funds 2025 Bank interest receivable 167,890 167,890 Unrestricted funds 2024 Tot81 funds 2024 Bank interest receivable 198,907 198.907 Page 39
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Expendlture on ralslng funds Costs of ralslng voluntary Income Unrestrlcted funds 2025 Total funds 2025 Staff costs Other costs 305,859 112,275 305,859 112,275 418,134 418,134 Costs of raising voluntary income Icontinuedl Unrestricted funds 2024 Total funds 2024 Stsff cost other costs 215,042 108,350 215,042 108,350 323,392 323,392 Page 40
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of expendlture on charltable actlvltles Summary by fund type Unrestrlcted Restrlcted funds funds 2025 2025 Total 2025 Educational expenses Establishment expenses Discounts, bursaries and scholarships Administration Interest 6,081,002 937,222 260,420 1,756,258 39,923 6,061,002 937,222 260,420 1,756,791 39,923 533 9,054,825 533 9.055,358 Unrestricted funds 2024 Tot81 2024 Educational expenses Establishment expenses Discounts, bursaries and scholarships Administration 5,893.443 973,880 480,809 1,299,615 25,699 5,893,443 973,880 480,809 1,299,615 25,699 Interest 8,673,446 8,673,446 Page 41
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of expendlture on charltable actlvltles Icontlnuedl Summary by expendlture type Staff costs Depreclation Other costs 2025 2025 2025 Total 2025 Educational expenses Establishment expenses Discounts, bursaries and scholarships Administration Interest 4,809,139 228,006 1,251,883 709,216 260,420 496,215 39,923 6,061,002 937,222 260,420 1,756,791 39,923 716,458 544,118 5,753,603 544,118 2,757,637 9.055,358 Staff costs Depreciation 2024 2024 Other costs 2024 Total 2024 Educational expenses Eslablishmenl expenses Discounts, bursaries and scholarships Administration Interest 4,940.577 218,377 952.866 755,563 480.809 393,473 25,699 5.893,443 973, 880 480,809 1,299,615 25,699 407,002 499, 140 5,565.896 499, 140 2,608.410 8,673,446 Auditorfs remuneration 2025 2024 Fees payable lo the Company's auditor for the audit of the Company's annual accounts 18.500 76,750 Fees payable to the Company's auditor in respect of". Taxation complianTr services Accounts preparation 1.100 3.200 1.050 3,100 Page 42
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Staff costs Group 2025 Group 2024 Company 2025 Company 2024 Wages and salaries Social security costs Contribution lo defined benefit pension schemes 4.485.785 490,526 4,446,955 432,946 4.485.785 490,526 4,446,955 432,946 777,292 685,995 777,292 685,995 5.753.603 5,565.896 5.753.603 5,565.896 The average number of persons employed by the Company during the year was as follows.. Group 2025 No. Group 2024 No. Teachers and matrons Catering and domestic Grounds and maintenance 84 81 16 Administration Swim school other 11 12 120 126 The number of employees whose employee benefits (excluding employer pension costs) exTreded £60,000 was.. Group 2025 No. Group 2024 No. In the band £60,001 £70,000 In the band £80,001 - £90,000 In the band £90,001- £100,000 In the band £100,001- £110,000 The total amount of employee benefits received during the year for key management personnel lotslled £361,379 (2024 - £370,009). Page 43
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. Trustees. remuneratlon and expenses During the year, no Trustees reiVed any remuneration or other benefits {2024- £Nil). During the year ended 31 August 2025, no Trustee expenses have been incurred (2024 - £Nil). 12. Tanglble flxed assets Group Short-term Assets Freehold leasehold Motor Fixtures under property property vehicles and fittings construction Total Cost or valuation At 1 September 2024 9,326.027 Additions 400,274 Transfers beeen classes 9.142,793 178.509 83.303 2.163,193 345.161 347.931 21,063.247 923,944 347,931 (347,9311 At 31 August 2025 9,726,301 9,669,233 83,303 2,508,354 21,987,191 Depreciation At 1 September 2024 3,945,411 Charge for the year 204,650 3.001,578 185,541 60,149 5,751 1.656,834 148.177 8,663,972 544,119 At 31 August 2025 4,150,061 3.187,119 65,900 1.805,011 9,208,091 Net l)ook value At 31 August 2025 5.576,240 6.482.114 17,403 703.343 12.779,100 At31 August 2024 5,380,616 6, 141,215 23,154 506,359 347.931 12,399,275 Page 44
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Tanglble flxed assets Icontlnuedl Company Short-temi Freehold leasehold property property Assets Motor Fixtures under vehicles and fittings construction Total Cost or valuation At 1 September 2024 5,647.507 9,142,793 Additions 400,274 178,509 Transfers between classes 83,303 2,163,193 345,161 347.931 17,384,727 923,944 347,931 1347.9311 At 31 August 2025 6,047.781 9.669,233 83,303 2.508.354 18.308,671 Depreciation At 1 September 2024 2,829.050 3,001,578 Charge for the year 158,834 185,541 60,149 5,751 1,656,834 148,177 7,547,611 498,303 At 31 August 2025 2,987.884 3,187,119 65,900 1.805.011 8,045,914 Net book value At 31 August 2025 3,059,897 6,482,114 17,403 703,343 10,262,757 At31 Augus12024 2, 818.457 6, 141,215 23, 154 506,359 347.931 9,837,716 Page 45
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Flxed asset Investments Investments subsidiary companies Company Cost or valuation At 1 September 2024 2,573,111 At 31 August 2025 2,573,111 Net book value At 31 August 2025 2,573,111 At31 Augus12024 2.573.711 Principal subsidiaries The following were subsidiary undertakings of the Company.. Names Company Registered office Principal activity number or principal place of business Class of Holding shares Holmewood House Properties Limited lincorporaled in England) 00331126 Langton Green, Provision of freehold Founder Tunbridge Wells, propety and fixtures shares Kent, TN3 OEB lo Holmewood House School 500 Bond shares A Shares Ordinary 550 100Q 100Q Holmewood House servIs Limited lincorporaled in England) 05334651 Langton Green, Tunbridge Wells, Kent, TN3 OEB Dormant Page 46
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Stocks Group 2025 Group 2024 Company 2025 Company 2024 Finished goods and goods for resale 10.818 10.819 10.818 10.819 15. Debtors Group 2025 Group 2024 Company 2025 Company 2024 Due within one yoar Trade debtors Other debtors Prepayments and accrued income 709.643 41,049 293,264 183, 737 15,075 326, 746 709.643 41,050 293,264 183, 737 15,075 326, 746 1.043.956 524,958 1.043.957 524,958 16. Credltors: Amounts falllng due wlthln one year Group 2025 Group 2024 Company 2025 Company 2024 Bank loans 596.591 204,048 28,409 70,470 596.591 204,048 981 28,409 70,470 Trade creditors Amounts owed to group undertakings Corporation lax other laxalion and social security Other creditors Accruals and deferred income 28.400 513.441 535.609 1,168,189 28,301 97,044 565,599 1,319,420 513.441 535,610 1,165,058 97,044 565,600 1,316,289 3.046.278 2, 109.243 3.015.729 2,077.812 Accruals and deferred income include amounts received by the School under a single advanced payment scheme Icomposilionl. Assuming pupils remain al the School as anticipated £373,954 (2024 - £246, 750) will be applied against fees which fall within 12 months of the balance sheet dale. Should however the pupils leave the sums would be returnable, subject to certain conditions. Page 47
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Credltors: Amounts falllng due after more than one year Group 2025 Group 2024 Company 2025 Company 2024 Bank loans Accruals and deferred income Share capital treated as debt 596,592 1,085,546 1,950 596,592 1,085,546 700,248 1,950 700,248 702,198 1,684.088 700,248 1,682. 738 The entire balan of bank loans shown above are secured by a legal charge over the freehold and leasehold propety of Holmewood House School and by a charge over ils shareholding in Holmewood House Properties Limited. The remaining bank loan is lo be repaid in instalments each year, with final repayment due September 2025. Interest is being paid on the loan each month at a fixed rate of 3.90010. Accruals and deferred income include £700,248 (2024 - £1,085,546J reiVed by the School under single advan payment scheme as described above. 18. Financial instruments Group 2025 Group 2024 Company 2025 Company 2024 Financial assets Financial assets measured at amortised cost 5.200.335 5,618,919 5.161.521 5,575, 831 Group 2025 Group 2024 Company 2025 Company 2024 Financial liabilities Financial liabilities measured at amortised cost 11.316,651} (904,898) 11.327.768} (899,817) Financial assets measured at amortised cost comprise of cash al bank, trade debtors, other debtors and accrued income. Financial liabilities measured at amortised cost comprise of redeemable preference shares treated as debt, bank loans, other creditors and accruals. Page 48
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19. Statement of funds Statement of funds - current year Balance at 1 September 2024 Balance at 31 August 2025 Transfers Inlout Income Expenditure Unrestricted funds Designated funds Designated Funds Bursary Fund 12,336,103 137,231 {923.9441 1.272.349 12.684.508 1137.231} 12,473,334 {923,9441 1,135,118 12,684,508 General funds General Funds Minority Interest 791,671 1,291,565 9,448,219 18,549.0151 11.135,118) 555,757 1,291,565 2.083.236 9.448.219 18.549.015) 11.135.118} 1.847.322 Total Unrestricted funds 14,556,570 9,448,219 I9,472,9591 14,531,830 Restricted funds Reslricled Fund Bursary and Community Outreach Fund 1,534 1,534 2,209 15331 1,676 3,743 15331 3,210 Total of funds 14,560,313 9,448.219 19,473.4921 14.535,040 Page 49
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19. Statement of funds (contlnuedl Statement of funds - prlor year Balan at I September 2023 Balan at 31 August 2024 Transfers in/oul Incom8 Expenditure Unrestricted funds Designated funds Designated Funds Bursary Fund 12,262. 145 59,992 (626,092) 700,050 12,336. 103 77,239 137,231 12,322, 137 {626,092) 777,289 12,473,334 General funds General Funds Minority Interest 219,975 1,291,565 9,719,732 (8,370,747) (777,289J 791,671 1,291,565 7,57 1,540 9, 719, 732 (8,370, 74T) f777,289J 2,083,236 Total Unrestricted funds 13,833,677 9, 719, 732 (8,996,839) 14,556,570 Restricted funds Bursary and Community Outreach Fund The Rieckmann Fund 1,534 2,209 1,534 2,209 3, 743 3, 743 Total of funds 13,837,420 9, 719, 732 (8,996,839) 14,560,313 Page 50
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 20. Summary offunds Summary offunds - current year Balance at 1 September 2024 Balance at 31 August 2025 Transfers Inlout Income Expenditure Designated funds General funds Reslricled funds 12,473,334 2.083,236 3,743 {923.9441 1.135.118 12,684,508 9.448.219 18.549.015) 11.135.118} 1.847,322 15331 3,210 14,560,313 9,448,219 19,473.4921 14,535,040 Summary of funds - prior year Balance at I September 2023 Balance at 31 August 2024 Transfers in/oul Incomg Expenditure Designated funds General funds 12,322, 737 7,57 1,540 3, 743 {626.092) 9, 719, 732 (8,370, 74T) 777.289 12,473.334 (777,289) 2,083,236 3, 743 Reslricled funds 13,837,420 9, 719. 732 (8,996,839) 14,560,313 21. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 12,779,100 5,501,206 13,046,278) 1702, 1981 12.779,100 5,504,416 3,046,278) {702.1981 3,210 Totsl 14,531,830 3,210 14,535,040 Page 51
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 21. Analysls of net assets between funds {contlnuedl Analysls of net assets between funds - prlor year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 12,399,273 5,950,628 f2, 109,243) (1,684,088) 12,399,273 5,954,371 f2, 109,243) (1,684,088) 3, 743 Total 14,556,570 3,743 14,560,313 22. Reconciliation of net movement in funds to net cash flow from operating activities Group 2025 Group 2024 Nel incomelexpendilure for the year las per Statement of Financial Acts'vitiesl {25,273} 722,894 Adjustments for: Depreciation charges Interest payable Dividends, interests and rents from investments Decreasellincreasel in stocks Decreasellin¢reasel in debtors Increaselldecreasel in creditors 544.119 39.923 499, 140 25,699 (198,907) 365 1517,485} 146,353} (164, 896) 1,449,666 Net Cash provlded byllused Inl operatlng actlvltles 15,069} 2,333,961 Page 52
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 23. Analysls of cash and cash equlvalents Group 2025 Group 2024 Cash in hand 4.449.642 5,418.595 Total cash and cash equivalents 4.449.642 5,418,595 24. Anatysls ofchanges In net debt At1 September 2024 Cash flows Other non- cash At31 hanges August 2025 Cash al bank and in hand Debt due within 1 year Debt due after 1 year 5.418.594 128,409} 1598,542) {968.9521 28,410 4.449,642 {596,5911 11,9501 1596,592) 596,592 4,791.643 {940.5421 3.851,101 25. Capital commitments Group 2025 Group 2024 Company 2025 Company 2024 Contracted for but not provided in these rinancial statements Acquisition of tangible fixed assets 87,343 201,973 87,343 201,973 At 31 August 2025, the School had capital commitments of £87,343 relating lo the boarding refurbishment project. This amount represents the final stage payment under the existing contract, which was invoiced after the year end. Total project costs were £249, 110, of which £160.719 had been incurred and recognised by the year end. Page 53
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 26. Penslon commltments The School participates in the Teachers, Pension Scheme I'the TPS I for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £777,292 (2024 - £685, 995J and at the balance sheet date £Nil (2024- £Nil) was accrued in respect of contributions to this scheme. The TPS is an unfunded mulli-employer defined benefits pension scheme governed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 las amended). Members contribute on a 'pay as you go" basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. The employer contribution rate is sel by the Secretary of Stale following scheme valuations undertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report, which was published in October 2023. Following the Mccloud judgement, the remedy proposed that when benefits become payable, eligible members can select to receive them from either the reformed or legacy schemes for the period 1 April 2015 10 31 March 2022. The actuaries have assumed that members are likely to choose the option that provides them with the greater benefits, and in preparing the 2020 valuation have valued the 'greater value, benefits for groups of relevant members. The valuation confirmed that the employer contribution rate for the TPS would increase from 23.60/0 to 28.6Q/o from 1 April 2024. Employers are also required lo pay a scheme administration levy of 0.080A giving a total employer contribution rate of 28.680k. 27. Operatlng lease commltments At 31 August 2025 the Group and the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows.. Group 2025 Group 2024 Company 2025 Company 2024 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 12.611 25.223 189,000 12,611 37,834 254.816 918.790 189,000 201,611 415,834 226,834 50,445 1,362,606 617,445 Page 54
HOLMEWOOD HOUSE SCHOOL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 28. Related party transactlons The Company is under control of the governors who are ils directors and who are also trustees of the charitable trust. During the year the Company transacted with Holmewood House Properties Limited, a company in which Holmewood House School owns a controlling interest. Land and buildings were leased from Holmewood House Properties at a rent of £189,000 (2024 - £189,000) and a management charge was made lo Holmewood House Properties of £5,000 (2024- £5,000). During the year a donation of £70,770 (2024 £71,380) and dividends of £83,952 (2024 - £83, 952) were received from Holmewood House Properties Limited. At the year end £Nil (2024 - £Nil) was owed from Holmewood House Properties Limited. Page 55