Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
**Registered number: 01490100 Charity number: 280048**
## **Northbourne Park School Limited**
**(A company limited by guarantee)**
**Trustees' report and financial statements For the year ended 31 August 2025**
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1 - 2|
|**Trustees' report**|3 - 11|
|**Trustees' responsibilities statement**|12|
|**Independent auditors' report on the financial statements**|13 - 16|
|**Statement of financial activities**|17|
|**Balance sheet**|18|
|**Statement of cash flows**|19|
|**Notes to the financial statements**|20 - 38|
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited**
**(A company limited by guarantee)**
**Reference and administrative details of the Charity, its Trustees and advisers For the year ended 31 August 2025**
## **Trustees**
Mrs F Poole - Mrs J Tharp Skelton (resigned 28 November 2024) Mrs M Nairac (resigned 12 September 2024) Ms S Barter (resigned 26 March 2026) Miss M Aylward (resigned 28 November 2024) Mrs R Cartright Ms E Hendy (resigned 1 September 2025) Mrs J Holland Mrs S Marmet Mr P Seydoux Mr J Townsend Mr M Doran, Chair Mr M Hammond (resigned 1 January 2025) Mrs H Stewart (appointed 20 March 2025) - Mr L Glynn Williams (appointed 20 March 2025) Mrs G Jackson (appointed 20 March 2025) Mr M Evans (appointed 27 March 2026) Mr N Aziz (appointed 27 March 2026) Mrs C Grieves (appointed 26 March 2026)
## **Company registered number**
01490100
## **Charity registered number**
280048
## **Registered office**
Northbourne Park School Limited Betteshanger House Betteshanger Deal Kent CT14 0NW
## **Independent auditors**
Kreston Reeves Audit LLP Statutory Auditor 9 Donnington Park 85 Birdham Road Chichester West Sussex PO20 7AJ
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## **Northbourne Park School Limited**
**(A company limited by guarantee)**
**Reference and administrative details of the Charity, its Trustees and advisers (continued) For the year ended 31 August 2025**
## **Bankers**
HSBC 9 Rose Lane Canterbury Kent CT1 2JP
## **The Headmaster**
Mr M Hammond BA (Hons), PGCE, MA
## **Finance Manager**
Kelly Moores MAAT AATQB (resigned 21 February 2025)
Phillip Moore (appointed July 2025)
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## **Northbourne Park School Limited**
## **(A 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 of Northbourne Park School Limited for the year 1 September 2024 to 31 August 2025. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) as amended by Update Bulletin 1 (effective 1 January 2015).
Since the Charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
The object of the Charity, in accordance with its Memorandum and Articles of Association, is the education of children from the age of 2 to 14 inclusive.
## **Objectives, aims and principal activities**
## **Aims, Ethos and Values**
Northbourne Park School aims to provide a first-class education, enabling children to reach their highest academic potential whilst benefitting fully from the extensive extra-curricular and pastoral programme on offer. We cater for day and boarding pupils from the age of 2 to 14, including a nursery, Pre-Prep and Prep School. The school delivers a distinctive outdoor education programme, a thriving boarding community, a unique bilingual curriculum called the Section Française Bilingue, and exceptional care for each individual child, including those with SEND.
Pupils at the school are successful in gaining places to local Grammar Schools, day and boarding independent schools and international schools and Lycées.
We aim to serve our local and international community, welcoming pupils from all backgrounds. The school is committed to the safeguarding of pupils, and to a working environment which is free from any form of discrimination.
**Our Vision:** To inspire in every child the confidence to succeed
**Our Mission:** At Northbourne Park we create a magical childhood by:
- Developing ambitious, creative and free-thinking learners – one size does not fit all.
- Building leadership and independence within a diverse and internationally minded community – our
- pupils
are celebrated for their global outlook and strong language learning skills.
- Trusting pupils to fully explore our enchanting setting and to measure risk – yes, they can climb the
- trees!
- Cultivating a nurturing environment with children’s wellbeing at its core – we let children be children.
- • Enthusing children in everything they do – happy children thrive!
- Building lifelong friendships that stand the test of time.
**Our Values:** Respect Tolerance Kindness Loyalty Love Courage
The school was inspected by the Independent Schools Inspectorate in May 2025, meeting all the regulatory standards. The school’s request for a material change was also approved, enabling the school to increase the age range to 14 and the maximum pupil roll to 220.
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## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
**Trustees' report (continued) For the year ended 31 August 2025**
## **Objectives**
The school’s governors and executive are collectively responsible for setting a strategy and set of objectives that reflect the school’s aims, ethos and values. The focus of the school is on the development of pupils and continued high levels of progress across the curriculum. The well-being and welfare of pupils is our highest priority. In setting the objectives for the year, the governors have given careful consideration to the Charity Commission’s public benefit guidance.
Our key objectives for the year included:
- Ongoing investment in ICT infrastructure for the benefit of pupils and staff
- Introducing a new phonics scheme to improve outcomes in reading
- Introducing Drama as a curriculum subject in the Prep school
- Introducing the ISEB independent Project Qualification for senior pupils
## **Principal activity**
The activities undertaken include academic studies, an inclusive sporting programme, an inclusive music programme, a PSHEE programme (Personal, Social, Health, and Economic Education), an inclusive programme of outdoor education and STEAM activities together with a wide programme of additional extracurricular activities.
The school had a compliance inspection in May 2022 from the ISI inspectorate. All areas of the school were compliant.
## **Financial Review**
Results for the year show a deficit of £80,062 (2024: £201,382).
The School was impacted in the previous year by significant increases in key operational costs such as utilities, food and transport. These costs were triggered by world events and could not have been foreseen.
The School continued to fund a programme of capital investment in the premises and facilities (reported in more detail in Development below) and invested further in the Schools’ IT capabilities.
Pupil numbers remain healthy. There were 167 pupils in the Autumn Term.
Trustees will continue to monitor these areas carefully to ensure a stable financial performance during times of worldwide financial pressure.
## **Reserves policy**
The charity has a policy for reserves to ensure there are sufficient reserves to cover daily running costs, ensure continuity of the service by being able to meet unexpected costs and to carry out necessary repairs and maintenance to buildings, fixtures, furnishings and equipment.
The charity holds reserves at 31 August 2025 of £800,257 (2024: £880,319). General unrestricted reserves as at 31 August 2025 amounted to £767,266 (2024: £874,868).
The reserves balances are reviewed each year to ensure they are sufficient to meet our operational costs for 3 to 6 months in line with the Reserves Policy. The Governors believe that this level of reserves is prudent and necessary and will monitor it no less than once a year at the end of the academic year. Should the reserves fall significantly below the target level, the School will aim to restore the reserves as soon as possible by increasing revenue through fundraising or reducing expenditure. If reserves are significantly above the target level, the Governors will utilise the excess by enhancing School facilities and/or increasing the amount of public benefit.
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## **Northbourne Park School Limited**
**(A company limited by guarantee)**
**Trustees' report (continued) For the year ended 31 August 2025**
## **Achievements and Performance**
## **Academic**
Pupils once again enjoyed success across the year groups. The ongoing use of standardised assessment across the school enabled robust analysis of pupil progress and attainment, which is strong in both maths and English across all year groups. The introduction of a new phonics scheme in Pre-Prep improved outcomes for the youngest pupils.
At the end of the academic year 2024/2025, the children’s destination schools for Year Nine included a range of top independent schools across the UK, as well as overseas Lycées. These included Kent College Canterbury, Haileybury, St Edmund’s School Canterbury, Stoneyhurst College, Sherbourne Boys and Girls, Leighton Park, Clifton College, St Lawrence College, Barton Court Grammar School, The Duke of Yorks Royal Military School, Dover Grammar School for Boys, Sir Roger Manwood’s School and Simon Langton Grammar School.
Pupils achieved three Sports scholarships, one Art scholarship, one Music scholarship and three Academic scholarships. Year 8 leavers collectively achieved a large number of A grades in the Common Entrance examinations at the end of the year.
Three pupils passed the Kent Test and progressed to local grammar schools.
In the Early Years, 100% of children achieved a Good Level of Development compared to the national average of 67%, with many pupils exceeding expected levels.
The introduction of the ISEB Independent Project Qualification this year has been a success, with the senior pupils tackling some fantastic research topics which included Aviation, Artificial Intelligence, Climate Change and Migration and how the Rubiks Cube works. A number of children entered the national IAPS Writing competition this year with good feedback.
## **Section Française Bilingue**
Our Bilingual programme for French-speaking pupils is unique in the UK. It combines the best of both French and British educational systems, operating successfully since 1991. On one side, pupils benefit from the rigour of the French academic programme in core subjects such as French, mathematics and history/geography. On the other side, pupils enjoy learning in English in other subjects while experiencing the British tradition of boarding life in a busy preparatory school where pupils wear uniform, do sport every day, play music, create art and enjoy outdoor education.
The school offers:
1. Specialized classes for CM2, 6e and 5e, with plans to open a 4e class in September 2025
2. An accredited CNED centre with registration for the Lycée Français de Londres entrance exams in June. 3. An official centre for organizing and administering Cambridge English exams (KET/PET and FCE levels).
4. Bilingual French/English approach to all academic learning.
5. Small class sizes with daily individual support.
6. Full immersion in the life of a traditional British preparatory school.
7. Organized and supervised transport between the school and Ashford, Ebbsfleet, London stations, as well as major airports in South-East England.
This year, 27 pupils successfully passed their end of year exams in the Section Française Bilingue, as well as 100% pass rates in Cambridge English Second Language examinations.
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## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
**Trustees' report (continued) For the year ended 31 August 2025**
## **Pastoral and Safeguarding**
The ongoing implementation of safeguarding practice in line with Keeping Children Safe in Education ensures that children at Northbourne Park School are cared for well. The school’s Welfare Committee and online reporting software ensure formal monitoring of the pupils. Regular staff meetings and briefings ensures that pupils’ needs are identified and supported quickly.
The House system remains popular as ever, with events such as the Olympiad, Northbourne’s Got Talent and Sports Day high on the pupils’ agenda. The sharing of weekly house point results strengthens the sense of belonging amongst the pupils. Pre-Prep pupils are also allocated houses and incorporated into the house system to ensure a consistent approach across the age range.
## **Co-curricular**
The school continues to deliver a rich and varied co-curricular programme. Over the course of the year more than forty different clubs and activities are offered to pupils across the age range, with an excellent participation rate. These include clubs such as Chess, French Cine, Gardening World, Fencing and Golf alongside a wide range of sport, art and other enrichment activities.
The Pre-Prep children enjoyed a range of fantastic trips, visits, workshops and events this year. Favourites have included Pirate Day, the East Kent Ploughing Match, the Powell-Cotton museum, the local Library and RNLI station in Deal. Our STEAMY workshop engaged our youngest pupils in Science, Technology and Engineering tasks with some original and exciting outcomes. The children enjoyed creative projects at home including making a scarecrow and an Easter Bonnet.
The Pre-Prep Mardi Gras, informal concerts, Harvest Festival Service and charity Ramble all contributed to the children’s sense of community and social awareness. As always, the curriculum was enriched by weekly Outdoor Education sessions, Beach School, and the introduction of an Outdoor Classroom.
In the Prep School, pupils have taken part in a huge range of educational trips and visits, particularly in Humanities subjects. Year 3 visited Kent Life for a Stone Age day as well as the Roman Museum. Year 5 enjoyed a Victorian Day at Leeds Castle, a trip to a local Gurdwara and a Geography trip to Kingsgate Bay. In Year 6, pupils visited Rye and Canterbury Cathedral as part of their Humanities work. The Bishop of Dover visited the school to lead a service and assembly, and senior pupils visited art galleries in Hastings.
The Saturday STEAM programme has provided extensive and creative opportunities for the pupils to engage with science, technology and engineering tasks on a regular basis. Senior pupils once again took part in a pilgrimage walk from Canterbury Cathedral, followed by an overnight camp in the grounds. Pupils in Pre-Prep benefited from number of beach school sessions this year, enriching their learning in the local setting.
Pupils take part in a range of residential trips and overnight camps, focusing on team building, adventure and exploration. The Year 7 trip to Snowdonia includes mountain climbing and wild camping; the Year 8 trip to the Ardeche challenges pupils with a two day canoeing adventure and camping under starlight.
## **Creative and Performing Arts**
With the introduction of Drama as a timetabled specialist subject this year, the Arts subjects have gone from strength to strength. Throughout the year, pupils have taken part in a range of performances and productions, showcasing a great range of talents and confidence in public speaking.
In Pre-Prep, highlights included the popular and heart-warming traditions of Nativity and Mothers’ Day services, as well as the informal concerts for individual musicians. The Art exhibition was a fabulous event, displaying a wide range of creativity for our youngest pupils.
Further up the school, the annual Christingle Service for Years 3 and 4 was a delight, as always, and the Junior production of ‘Madagascar’ a true highlight. The senior production ‘The Wizard of Oz’ was hugely successful, with fabulous performances from our senior pupils, especially Violette Smith, Clara Fox-Pitt, Florence Kelly and Beau Robertson. Record numbers of pupils took part in the informal concerts and summer concerts this year.
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## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Trustees' report (continued) For the year ended 31 August 2025**
Northbourne’s Got Talent and Historical Costume Day were outstanding events, with memorable speeches from Remy Remasi, Olivia Barber and Augustin Jottras. Rania Colley Banks and Ivy Coke also gave stellar performances at both events, demonstrating their excellent singing and acting skills.
The Northbourne Choir has gone from strength to strength this year, with high numbers of boys and girls taking part. Performances included a joint rehearsal and performance with St Edmund’s School, singing at Evensong in Canterbury Cathedral, Christmas carols in a local Care Home, as well as school events such as the Carol Concert, music concerts and Speech Day. With regular singing assemblies for all on a Thursday morning, Northbourne is still very much a singing school.
A large number of pupils took exams in both drama and music with LAMDA and ABRSM, achieving a 100% pass rate. The number of pupils learning individual instruments continues to grow.
Pre-Prep Art Week was a great success, showcasing the children’s creative skills. Pupils at the Prep school engaged in a lantern making workshop as well as ongoing projects across a range of creative disciplines.
## **Sport**
The school enjoyed another successful year of sport. All pupils represented the school in fixtures against other schools. Football, rugby, hockey, netball, cross country, athletics and cricket remain the core sports on the Games curriculum.
The Under 9s A team enjoyed an unbeaten rugby season, winning 8 out of their 9 matches against other local Prep schools. Every pupil within the U9 age group represented the School in Cricket, Football, Hockey, Netball and Rugby.
The U11 Rugby team had a very successful season, beating the majority of sides that we played this year,
Our U11A Girls Hockey squad fell short of securing an unbeaten season by one match, enjoying a hugely successful season.
Once again we were able to host our prestigious annual Primary Schools U11 Cross-country relay race with the U11A and B Mixed cross-country teams ending up as 2nd and 8th Place winners respectively out of 29 teams.
The U11A Hardball Cricket team were close to an unbeaten season For the fourth year in a row, we were able to select an U11A Hardball team, plus U11A and U11B Mixed Kwik Cricket squads, resulting in every child representing the School at Cricket within the U11 age group. Three pupils were selected in the U11 Eastern Vikings District Cricket Team.
One pupil very successfully represented Kent U13 at various Badminton Tournaments across the UK, plus the England U11 squad at an International Tournament in Belgium.
The U13A Football squad once again secured the runners-up spot in the local Annual Prep Schools Molten Golden Football League.
Our U13 Girls gained a very impressive 1st Place overall in the Annual Prep Schools U13 Wainman Cup crosscountry event held here at NPS, with one pupil securing 2nd Place individually, equaling the joint highest place finisher for NPS in the race’s 46-year history! The U13 Boys then achieved the double by securing 1st Place in the Annual Prep Schools U13 Stevens Cup Cross-Country event.
In rugby, the U13s were also victorious in the David Storrie Memorial Cup against Deal and Betteshanger RFC in what was an inspirational, tenacious and truly courageous rugby encounter. It was amazing to offer up U13 Boys Hockey fixtures once again during the rugby season.
U13A netball won all but two of their matches throughout the season, culminating in a feisty win over St Edmund's. Every girl within the U13 age group represented the school in either the A, B or C IncrediCricket teams throughout the season, as well as numerous hardball fixtures.
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Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Trustees' report (continued) For the year ended 31 August 2025**
The 1st Team Hardball Cricket were victorious in the annual Prep School 6 a side Cricket Tournament held at Duke of York’s. One pupil was selected to play for the Kent U13 Cricket Team this season.
## **Outdoor Education**
The main ethos of our Outdoor Education Programme is that every child is able to learn, explore and experience the great outdoors. Weekly visits to the Leadership Village instil in pupils a lifelong affinity with nature, learning about the natural environment, how to handle risks and to use their own initiative to solve problems and co-operate with others.
During the outdoor sessions, children develop a range of skills to create and build objects from the woodland around them. They use tools, learn the boundaries of behaviour, both physical and social, while growing in confidence, self-esteem and motivation.
Overnight camps in the woods have been a favourite of the children, with Years 3 to 8 all camping in the school grounds this year in the summer term. The school’s extensive outdoor education programme continues, with pupils having specialist lessons every week on site. This has included bushcraft skills, campfire cooking, shelter building, overnight camps and team building activities.
## **Development**
- Restructure and expansion of the timetable and curriculum to increase the breadth of opportunities on offer
- Increased engagement with the school alumni community
- Development of the school’s ICT infrastructure (servers, hardware and cloud-based systems)
- Meeting the DfE standards for online filtering and monitoring
- Increased opportunities for swimming for the Prep School children
## **Public benefit**
The School provides public benefit consistent with its role as a fee-charging educational charity. It is important that access to the education we offer is not restricted to those who can afford our fees.
Means-tested scholarships and bursaries are awarded to children from the local area who particularly benefit from a place at the school. The school provided financial support in excess of £100,000 during the academic year.
In addition, the school provides a wide range of activities to fulfil the School’s aims for public benefit. These include providing access to sporting facilities and events for local schools and children through our annual football and cross-country tournaments for local primary schools, as well as subsidised lettings of our facilities to Sandwich Cricket Club and Deal and Betteshanger Rugby Club. We also support a local walking netball club and Deal Music School.
## **Contribution to the wider community**
Charitable initiatives have included Jeans for Genes Day, raising money for a local fire in Dover, Children in Need, Deal Food Bank and Love in a Box. Our community engagement has grown further, with special events such as VE Day, Tapp into Reading, and supporting local sports clubs, schools and sporting events.
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## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Trustees' report (continued) For the year ended 31 August 2025**
## **Future Developments**
When developing future plans the school actively consults with pupils, staff and parents through a range of mechanisms including meetings and surveys. The school maintains an ongoing 3-year development plan. Future plans are financed primarily through fee income and other income generating programmes such as the summer school. The main priorities for development in the year ahead are:
- Introduction of 4eme class in September 2025
- Review of writing across the school
- Ongoing refurbishment and investment in facilities
- Application to gain AEFE accreditation
## **Structure, governance and management**
## **Governing body**
The Directors and Charity Trustees are required under the Articles to serve as members of the Company and are elected at a full Board meeting according to the Board’s specifications concerning eligibility, personal competence and specialist skills. The Trustees conduct a skills audit once a year to determine necessary skills required for the Board and to aid recruitment.
One Trustee may be nominated by the Trustees of the Tormore Charitable Trust. Other Trustees serve for a term of five years and are eligible to stand for re-election.
## **Trustee training**
Trustees are inducted into the workings of the School, and the Company as a registered charity, including key Board Policy and Procedures.
The Trustees benefit from membership of The Association of Governing Bodies of Independent Schools (AGBIS) which provides training and advice and is a resource for best practice.
Key training courses are made available to Governors to complete in their own time and a log of training is kept up to date and under review. Annual safeguard training is provided to all Governors. Additional role specific specialist courses are made available to key Governors.
Governors receive regular updates on key topics relevant to their role.
## **Pay policy for senior staff**
The Governors Remuneration Committee has delegated authority from the Governing Body to make decisions on the pay and remuneration of the School’s key management personnel. The Remuneration Committee determine pay using a variety of contributory factors which include:
- The level of qualifications and experience of the staff member
- The level of accountability and responsibility held
- The need to recruit key management personnel and retain them in post
- Salary data from IPAS, ISBA and DfE
- Affordability
## **Organisational management**
The Trustees meet regularly to determine the strategy of the School, review its performance against key strategic indicators and to review its management structures and financial control.
An Annual strategy planning day is held each year.
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## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Trustees' report (continued) For the year ended 31 August 2025**
The work of approving and monitoring adherence to the policies is carried out by the two Committees, namely the Education Committee and the Finance and General Purposes Committee, which meet on a regular basis to address matters specific to their respective objectives.
The Trustees agree the general policies of the School.
The operational management of the School is delegated to the Head and the Bursar together with other members of the Senior Management Team.
## **Relationships**
The School is an active member of the Independent Association of Preparatory Schools for the promotion and maintenance of preparatory School standards generally. It takes part in peer group studies for the evaluation of quality and performance improvement methods.
The School co-operates with local charities in its ongoing endeavour to widen public access to the education that it provides, to optimise the use of its cultural and sporting facilities and to awaken in its pupils an awareness of the social context of the education they receive at the School.
The School benefits from an extensive cohort of committed alumni and is keen to introduce an active network with opportunities to celebrate the School. The School greatly appreciates and acknowledges the generous support given by many alumni.
## **Risk Management**
There is a continuous process in place to identify, evaluate and manage the most significant risks the School faces. This Risk Register is reviewed regularly by Trustees.
Safeguarding of children, and the continuous assessment of its’ associated risks are of the highest priority to the Trustees.
The Trustees have assessed the major risks to which the School is exposed, including: estate, operational, financial and reputational. The Trustees review and update the Risk Register at least once each year, employing a ranking system which considers likelihood of occurrence and subsequent impact.
## **Disclosure of information to auditors**
Each of the persons who are Trustees at 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 company’s auditors are unaware, and
- That Trustee has taken all the steps that ought to have been taken by a Trustee in order to be aware of any information needed by the charitable company’s auditors in connection with preparing the report and to establish that the charitable company’s auditors are aware of that information.
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## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Trustees' report (continued) For the year ended 31 August 2025**
## Auditors
The audit registration of Kreston Reeves LLP was transferred to Kreston Reeves Audit LLP on 6 October 2025. Kreston Reeves Audit LLP were formally appointed as auditor to the charitable company on 6 October 2025.
Under section 487(2) of the Companies Act 2006, Kreston Reeves Audit LLP will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**Mr M Doran** Chair of Trustees Date: 19 May 2026
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## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Statement of Trustees' responsibilities For the year ended 31 August 2025**
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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**Northbourne Park School Limited**
**(A company limited by guarantee)**
## **Independent auditors' report to the Members of Northbourne Park School Limited**
## **Opinion**
We have audited the financial statements of Northbourne Park School Limited (the 'charity') for the year ended 31 August 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement 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 Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly 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 accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the 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 evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Page 13
**Northbourne Park School Limited**
**(A company limited by guarantee)**
## **Independent auditors' report to the Members of Northbourne Park School Limited (continued)**
## **Other information**
The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the 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 misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies 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 statements.
- the Trustees' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the 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; or
- the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a Strategic report.
## **Responsibilities 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 law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 14
**Northbourne Park School Limited**
**(A company limited by guarantee)**
## **Independent auditors' report to the Members of Northbourne Park School Limited (continued)**
## **Auditors' responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
## _Capability of the audit in detecting irregularities, including fraud_
Based on our understanding of the charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of noncompliance with laws and regulations related to child protection and safeguarding, health and safety, Independent Schools Inspectorate reports, and employment law. as necessary and consider adding additional industry specific laws and regulations). We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees' and management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates. Audit procedures performed by the engagement team included:
- Discussions with management and assessment of known or suspected instances of non-compliance with laws and regulations (including child protection and safeguarding, health and safety, Independent Schools Inspectorate reports, and employment law) and fraud, and review of the reports made by management; and
- Assessment of identified fraud risk factors; and
- Performing analytical procedures with automated data analytics tools to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and
- Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and
- Reading minutes of meetings of those charged with governance and reviewing correspondence with relevant 'tax and regulatory authorities; and
- Review of internal controls and physical inspection of tangible assets susceptible to fraud or irregularity; and
- Review of governance arrangements; and
- Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the transactions; and
- Identifying and testing journal entries; in particular any manual entries made at the year end for financial statement preparation.
Page 15
**Northbourne Park School Limited**
**(A company limited by guarantee)**
## **Independent auditors' report to the Members of Northbourne Park School Limited (continued)**
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charitable company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees.
- Conclude on the appropriateness of the Trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
## **Simon Webber BA FCA DChA (Senior statutory auditor)**
for and on behalf of **Kreston Reeves Audit LLP**
Statutory Auditor Chichester
26 May 2026
Page 16
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Statement of financial activities (incorporating income and expenditure account) For the year ended 31 August 2025**
|**Note**
**Income from:**
Donations and legacies
4
Charitable activities
5
Other trading activities
Investments
7
Other income
8
**Total income**
**Expenditure on:**
Raising funds
9
Charitable activities
10
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2025**
**£**
**31,339**
**68,020**
**-**
**-**
**-**
**99,359**
**-**
**71,819**
**71,819**
**27,540**
**5,451**
**27,540**
**32,991**|**Unrestricted**
**funds**
**2025**
**£**
**15,157**
**2,799,193**
**82,177**
**12,763**
**28,901**
**2,938,191**
**25**
**3,045,768**
**3,045,793**
**(107,602)**
**874,868**
**(107,602)**
**767,266**|**Total**
**funds**
**2025**
**£**
**46,496**
**2,867,213**
**82,177**
**12,763**
**28,901**
**3,037,550**
**25**
**3,117,587**
**3,117,612**
**(80,062)**
**880,319**
**(80,062)**
**800,257**|Total
funds
2024
£
24,670
2,840,604
104,958
5,607
29,824|
|---|---|---|---|---|
|||||3,005,663
24,278
3,182,767|
|||||3,207,045
(201,382)
1,081,701
(201,382)|
|||||880,319|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 20 to 38 form part of these financial statements.
Page 17
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee) Registered number: 01490100**
## **Balance sheet As at 31 August 2025**
|**Note**
**Fixed assets**
Tangible assets
15
**Current assets**
Stocks
16
Debtors
17
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
18
**Net current assets**
**Total net assets**
**Charity funds**
Restricted funds
19
Unrestricted funds
19
**Total funds**|**18,095**
**592,056**
**990,173**
**1,600,324**
**(1,254,217)**|**2025**
**£**
**454,150**
**454,150**
**346,107**
**800,257**
**32,991**
**767,266**
**800,257**|28,704
450,216
1,180,830
1,659,750
(1,216,660)|2024
£
437,229|
|---|---|---|---|---|
|||||437,229
443,090|
||||||
|||||880,319|
|||||5,451
874,868|
||||||
|||||880,319|
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 have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
**Mr M Doran** Chair of Trustees Date: 19 May 2026
The notes on pages 20 to 38 form part of these financial statements.
Page 18
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
|**Statement of cash flows**
**For the year ended 31 August 2025**
**Note**
**Cash flows from operating activities**
Net cash used in operating activities
22
**Cash flows from investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
23|**2025**
**£**
**(122,886)**
**(67,771)**
**(67,771)**
**(190,657)**
**1,180,830**
**990,173**|2024
£
(22,311)|
|---|---|---|
|||(83,361)|
|||**(83,361)**|
|||**(105,672)**
1,286,502|
|||1,180,830|
The notes on pages 20 to 38 form part of these financial statements
Page 19
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 August 2025**
## **1. General information**
Northbourne Park School Limited is a charity, limited by guarantee, incorporated in England and Wales with registration number 01490100. The charity's registered office is Betteshanger House, Betteshanger, Deal, Kent CT1 0NW.
The charitable activities of the charity continues to be the provision of a Day and Boarding School for 2- 14 year old boys and girls.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Northbourne Park School Limited 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 stated in the relevant accounting policy.
The charity's functional currency is Pound Sterling.
The charity's financial statements are presented to the nearest pound.
The following accounting policies have been applied:
## **2.2 Company status**
The Charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity.
## **2.3 Going concern**
The charity's main source of income is from its charitable objectives being the Gross Fees and Disbursements received for the provision of a Day and Boarding School for 2-14 year old boys and girls.
In order to meet its day to day working capital requirements the charity is dependent upon ensuring sufficient pupils attend the school to ensure sufficient incoming resources are generated from Gross Fees and Disbursements.
After making enquires, the Trustees have a reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future.
The Trustees have reviewed the latest cash flow forecast and budgets and consider that the charity will be able to settle invoices, bills and commitments as they fall due and therefore continues to be a going concern. Accordingly, they continue to adopt a going concern basis in preparing the financial statements.
Page 20
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
**Northbourne Park School Limited (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 August 2025**
## **2. Accounting policies (continued)**
## **2.4 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity 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 to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **2.5 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **2.6 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 activity. 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 to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to 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.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
## **2.7 Fees**
Turnover comprises revenue recognised by the Charity in respect of goods and services's supplied during the year.
Page 21
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
**Northbourne Park School Limited (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 August 2025**
## **2. Accounting policies (continued)**
## **2.8 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised 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 at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
|Long-term leasehold property|-|5% on cost per annum|
|---|---|---|
|Motor vehicles|-|33% on cost per annum|
|Fixtures and fittings|-|10% on cost per annum|
|Computer equipment|-|20% on cost per annum|
The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.
## **2.9 Operating leases**
Rentals paid under operating leases are charged to the Statement of financial activities on a straight-line basis over the lease term.
## **2.10 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **2.11 Taxation**
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **2.12 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.
Page 22
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 August 2025**
## **2. Accounting policies (continued)**
## **2.13 Foreign currencies**
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of financial activities.
## **2.14 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **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 date of acquisition or opening of the deposit or similar account.
## **2.16 Pensions**
The Charity contributes to personal pension plans for non teaching staff.
Retirement benefits for teaching employees of the Charity are provided by the Teachers' Pension Scheme ("TPS"). This is a defined benefit scheme and the assets are held separately from those of the Charity.
The TPS is an unfunded scheme and contributions are calculated so as to spread the cost of pensions over employees' working lives with the Charity in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quadrennial valuations using a prospective unit credit method. As stated in note 25, the TPS is a multi-employer scheme and there is insufficient information available to use defined benefit accounting. The TPS is therefore treated as a defined contribution scheme for accounting purposes and the contributions recognised in the period to which they relate.
## **2.17 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
Page 23
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 August 2025**
## **2. Accounting policies (continued)**
## **2.18 Financial instruments**
The Charity 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 at their settlement value.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of the trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Page 24
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 August 2025**
## **3. Critical accounting estimates and areas of judgment**
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
## **Tangible fixed assets**
The Charity has recognised tangible fixed assets with a carrying value of £454,150 at the reporting date (see note 15). These assets are stated at their cost less provision and impairment. The Charity's accounting policy sets out the approach to calculating depreciation for immaterial assets acquired. For material assets the Charity determines at acquisition reliable estimates for the useful life of the asset, its residual value and decommissioning costs. These estimates are based upon such factors as the expected use of the acquired asset and market conditions. At subsequent reporting dates the Trustees consider whether there are any factors such as technological advancements or changes in market conditions that indicate a need to reconsider the estimates used.
Where there are indicators that the carrying value of tangible assets may be impaired the Charity undertakes tests to determine the recoverable amount of assets. These tests require estimates of the fair value of assets less cost to sell and of their value in use. Wherever possible the estimate of the fair value of assets is based upon observable market prices less incremental cost for disposing of the asset. The value in use calculation is based upon a discounted cashflow model, based upon the Charity's forecasts for the foreseeable future which do not include any restructuring activities that the Charity is not yet committed to or significant future investments that will enhance the asset's performance. The recoverable amount is most sensitive to the discount rate used for the discounted cash flow model as well expected future cash flows and the growth rate used for extrapolation purposes.
## **4. Income from donations and legacies**
|Donations
Total 2024|**Restricted**
**funds**
**2025**
**£**
31,339
19,628|**Unrestricted**
**funds**
**2025**
**£**
15,157
5,042|**Total**
**funds**
**2025**
**£**
**46,496**
24,670|Total
funds
2024
£
24,670|
|---|---|---|---|---|
||||||
Page 25
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 August 2025**
## **5. Income from charitable activities**
|Gross fees and disbursements
Staff discounts, other fee allowances and
chargeable disbursement expenditure
Government grants
Total 2024|**Restricted**
**funds**
**2025**
**£**
-
-
68,020
68,020
87,299|**Unrestricted**
**funds**
**2025**
**£**
3,155,033
(355,840)
-
2,799,193
2,753,305|**Total**
**funds**
**2025**
**£**
**3,155,033**
**(355,840)**
**68,020**
**2,867,213**
2,840,604|Total
funds
2024
£
3,108,462
(355,157)
87,299|
|---|---|---|---|---|
|||||2,840,604|
## **6. Trading activities**
|**Charity trading income**
Language School income
Ground rent and lettings
Uniform sales
**Fundraising trading expenses**
Uniform costs
**Total 2025**
Total 2024|**Endowment**
**funds**
**2025**
**£**
66,306
7,373
8,498
82,177
(25)
(25)
82,152
80,680|**Total**
**funds**
**2025**
**£**
**66,306**
**7,373**
**8,498**
**82,177**
**(25)**
**(25)**
**82,152**
80,680|Total
funds
2024
£
79,111
1,750
24,097|
|---|---|---|---|
||||104,958
(24,278)|
||||(24,278)|
||||80,680|
Page 26
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 August 2025**
## **7. Investment income**
|UK interest received
Total 2024
**Other incoming resources**
Registration fees
Total 2024|**Unrestricted**
**funds**
**2025**
**£**
12,763
5,607
**Unrestricted**
**funds**
**2025**
**£**
28,901
29,824|**Total**
**funds**
**2025**
**£**
**12,763**
5,607
**Total**
**funds**
**2025**
**£**
**28,901**
29,824|Total
funds
2024
£
5,607|
|---|---|---|---|
||||Total
funds
2024
£
29,824|
## **8. Other incoming resources**
Page 27
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
**Northbourne Park School Limited (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 August 2025**
## **9. Expenditure on raising funds**
## **Analysis of resources expended by expenditure type**
||**Unrestricted**|**Total**|Total|
|---|---|---|---|
||**funds**|**funds**|funds|
||**2025**|**2025**|2024|
||**£**|**£**|£|
|Expenditure on trading activities|25|**25**|24,278|
## **10. Analysis of resources expended by expenditure type**
## **Summary by fund type**
|Education
Total 2024|**Restricted**
**funds**
**2025**
**£**
71,819
105,802|**Unrestricted**
**funds**
**2025**
**£**
3,045,768
3,076,965|**Total**
**2025**
**£**
**3,117,587**
3,182,767|Total
2024
£
3,182,767|
|---|---|---|---|---|
||||||
## **Summary by expenditure type**
|Education
Total 2024|**Staff costs**
**2025**
**£**
1,902,489
1,966,199|**Depreciatio**
**n**
**2025**
**Other costs**
**2025**
**£**
**£**
50,850
1,164,248
64,564
1,152,004|**Total**
**2025**
**£**
**3,117,587**
3,182,767|Total
2024
£
3,182,767|
|---|---|---|---|---|
||||||
Page 28
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 August 2025**
## **11. Analysis of expenditure by activities**
|Charitable activities
**Analysis of direct costs**
Staff costs
Depreciation
Staff training and other costs
Educational expense
Motor and travel costs
Catering costs
Housekeeping and cleaning
Administration expenses
Computer and equipment
Repairs and maintenance
Insurance
Utilities
Telephone charges
Legal and professional
Bad debt write off
Bank charges, interest & penalties
Membership, subscriptions & licences
Auditors' remuneration|**Activities**
**undertaken**
**directly**
**2025**
**£**
3,117,587|**Total**
**funds**
**2025**
**£**
**3,117,587**
**Total**
**funds**
**2025**
**£**
**1,902,489**
**50,850**
**50,274**
**208,199**
**42,626**
**174,039**
**23,799**
**54,654**
**48,738**
**39,229**
**59,951**
**300,955**
**26,247**
**14,803**
**57,116**
**3,111**
**37,022**
**23,485**
**3,117,587**|Total
funds
2024
£
3,182,767|
|---|---|---|---|
||||Total
funds
2024
£
1,966,199
64,564
68,015
232,042
48,735
178,340
28,043
64,267
49,916
92,788
63,703
249,211
18,055
19,318
580
4,705
22,096
12,190|
||||3,182,767|
Page 29
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 August 2025**
## **12. Net income/(expenditure)**
This is stated after charging:
||**2025**|2024|
|---|---|---|
||**£**|£|
|Depreciation of tangible fixed assets:|||
|- owned by the charity|**50,520**|64,564|
|Auditors' remuneration - audit|**12,810**|12,190|
|Auditors, remuneration - other services|**3,462**|1,200|
|Operating lease rentals:|||
|- motor vehicles|**5,111**|5,111|
|- other|**199,806**|199,806|
## **13. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2025**
**£**
**1,611,202**
**133,322**
**157,965**
**1,902,489**|2024
£
1,620,896
133,170
212,133|
|---|---|---|
||||
|||1,966,199|
The average number of persons employed by the Charity during the year was as follows:
|Teachers
Administration
Others|**2025**
**No.**
**28**
**6**
**20**
**54**|2024
No.
30
6
20|
|---|---|---|
||||
|||56|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
In the band £90,001 - £100,000
|**2025**|2024|
|---|---|
|**No.**|No.|
|**1**|1|
A total of £14,400 (2024: £23,760) was paid into the Pension Fund of the above employee.
The total compensation paid to key management personnel amounted to £177,850 (2024: £193,216). Employer pension contributions were a total of £26,936 (2024: £46,071) and Employer National Insurance contributions were a total of £20,723 (2024: £22,546). The key management personnel comprises of the Headmaster, Assistant Headmaster and Bursar.
Page 30
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 August 2025**
## **14. Trustees' remuneration and expenses**
During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity. The Headteacher only received remuneration in respect of services provided in undertaking the role under his contract of employment. The value of Trustees' remuneration and other benefits was as follows:
|||**2025**|2024|
|---|---|---|---|
|||**£**|£|
|Mr M Hammond (appointed 1||||
|September 2023, resigned as a||||
|Trustee 1 January 2025)|Remuneration|**91,362**|92,333|
||Pension contributions paid|**14,400**|23,761|
||Other benefits|**4,190**|2,553|
During the year ended 31 August 2025, no Trustee expenses have been incurred (2024 - £NIL).
## **15. Tangible fixed assets**
|**Cost or valuation**
At 1 September 2024
Additions
At 31 August 2025
**Depreciation**
At 1 September 2024
Charge for the year
At 31 August 2025
**Net book value**
At 31 August 2025
At 31 August 2024|**Long-term**
**leasehold**
**property**
**£**
**1,408,564**
**40,964**
**1,449,528**
**1,008,563**
**30,342**
**1,038,905**
**410,623**
400,001|**Motor**
**vehicles**
**£**
**27,125**
**-**
**27,125**
**24,600**
**2,525**
**27,125**
**-**
2,525|**Fixtures and**
**fittings**
**£**
**150,925**
**16,644**
**167,569**
**124,031**
**6,709**
**130,740**
**36,829**
26,894|**Computer**
**equipment**
**£**
**189,700**
**10,163**
**199,863**
**181,891**
**11,274**
**193,165**
**6,698**
7,809|**Total**
**£**
**1,776,314**
**67,771**|
|---|---|---|---|---|---|
||||||**1,844,085**|
||||||**1,339,085**
**50,850**|
||||||**1,389,935**|
||||||**454,150**|
||||||437,229|
## **16. Stocks**
||**2025**|2024|
|---|---|---|
||**£**|£|
|Clothing|**18,095**|28,704|
Page 31
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 August 2025**
## **17. Debtors**
|**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income
Grants receivable
**Creditors: Amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 September 2024
Resources deferred during the year
Amounts released from previous periods|**2025**
**£**
**531,294**
**11,120**
**23,442**
**26,200**
**592,056**
**2025**
**£**
**49,684**
**152,712**
**239,637**
**812,184**
**1,254,217**
**2025**
**£**
**948,833**
**789,324**
**(948,833)**
**789,324**|2024
£
436,640
36
13,540
-|
|---|---|---|
|||450,216
2024
£
44,684
-
223,143
948,833|
|||1,216,660
2024
£
839,121
948,833
(839,121)|
|||948,833|
## **18. Creditors: Amounts falling due within one year**
At the balance sheet date the Charity held funds received in advance of the 2025/26 financial year in respect of parent contributions towards school fees.
Page 32
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A 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**
|**Unrestricted funds**
General Fund
**Restricted funds**
Development funds
Restricted funds
**Total of funds**
**Statement of funds - prior year**
**Unrestricted funds**
General Fund
**Restricted funds**
Development funds
Restricted funds
**Total of funds**|**Balance at 1**
**September**
**2024**
**£**
**874,868**
**5,451**
**-**
**5,451**
**880,319**
Balance at
1 September
2023
£
1,077,375
4,326
-
4,326
1,081,701|**Income**
**£**
**2,938,191**
**27,540**
**71,819**
**99,359**
**3,037,550**
Income
£
2,898,736
1,125
105,802
106,927
3,005,663|**Expenditure**
**£**
**(3,045,793)**
**-**
**(71,819)**
**(71,819)**
**(3,117,612)**
Expenditure
£
(3,101,243)
-
(105,802)
(105,802)
(3,207,045)|**Balance at**
**31 August**
**2025**
**£**
**767,266**|
|---|---|---|---|---|
|||||**32,991**
**-**|
|||||**32,991**|
|||||**800,257**|
|||||Balance at
31 August
2024
£
874,868|
|||||5,451
-|
|||||5,451|
|||||880,319|
Page 33
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 August 2025**
## **20. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|**Balance at 1**
**September**
**2024**
**£**
**874,868**
**5,451**
**880,319**
Balance at
1 September
2023
£
1,077,375
4,326
1,081,701|**Income**
**£**
**2,938,191**
**99,359**
**3,037,550**
Income
£
2,898,736
106,927
3,005,663|**Expenditure**
**£**
**(3,045,793)**
**(71,819)**
**(3,117,612)**
Expenditure
£
(3,101,243)
(105,802)
(3,207,045)|**Balance at**
**31 August**
**2025**
**£**
**767,266**
**32,991**|
|---|---|---|---|---|
|||||**800,257**|
|||||Balance at
31 August
2024
£
874,868
5,451|
|||||880,319|
The following funds have been established by the Trustees:
In the prior year, the restricted funds included various small items for specific purposes, which have been restricted by the donor.
Restricted funds includes Early Years funding granted by Kent County Council.
The restricted Development fund is used for specific development projects such as historically the building of a 3G sports pitch and swimming pool.
## **21. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2025**
**£**
-
32,991
-
32,991|**Unrestricted**
**funds**
**2025**
**£**
454,150
1,567,333
(1,254,217)
767,266|**Total**
**funds**
**2025**
**£**
**454,150**
**1,600,324**
**(1,254,217)**|
|---|---|---|---|
||||**800,257**|
Page 34
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 August 2025**
## **21. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|Restricted
funds
2024
£
-
5,451
-
5,451|Unrestricted
funds
2024
£
437,229
1,654,299
(1,216,660)
874,868|Total
funds
2024
£
437,229
1,659,750
(1,216,660)|
|---|---|---|---|
||||880,319|
## **22. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net expenditure for the year (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Decrease in stocks
Increase in debtors
Increase in creditors
**Net cash used in operating activities**
**23.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**|**2025**
**£**
**(80,062)**
**50,850**
**10,609**
**(141,840)**
**37,557**
**(122,886)**
**2025**
**£**
**990,173**
**990,173**|2024
£
(201,382)
64,564
18,257
(58,658)
154,908|
|---|---|---|
|||(22,311)
2024
£
1,180,830|
|||1,180,830|
Page 35
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 August 2025**
## **24. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1**
**September**
**2024**
**£**
**1,180,830**
**1,180,830**|**Cash flows**
**£**
**(190,657)**
**(190,657)**|**At 31**
**August**
**2025**
**£**
**990,173**|
|---|---|---|---|
||||**990,173**|
## **25. Pension commitments**
The Charity participated in three pension schemes during the year:
## **Teaching Staff**
## **Teachers' Pension Scheme**
## **Introduction**
The Charity participated in the Teachers' Pension Scheme (TPS) throughout the prior year and during the current year up to 1 January 2025.
The TPS is a statutory, contributory, defined benefit scheme, governed by the Teachers' Pension Scheme Regulations 2014. Membership is automatic for full-time teachers in schools. All teachers have the option to opt-out of the TPS following enrolment.
The TPS is an unfunded scheme to which both the member and employer makes contributions, as a percentage of salary - these contributions are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.
## **Valuation of the Teachers’ Pension Scheme**
The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is to ensure scheme costs are recognised and managed appropriately and the review specifies the level of future contributions.
Acturial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest acturial valuation of the TPS was carried out as at 31 March 2020. The valuation report was published by the Department for Education on 27 October 2023, with the SCAPE rate, set by HMT, applying a notional investment return based on 1.7% above the rate of CPI. The key elements of the valuation outcome are:
- employer contribution rates set at 28.68% of pensionable pay (including a 0.08% administration levy). This is an increase of 5% in employer contributions and the cost control result is such that no change in member benefits is needed.
- total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £262,000 million and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £222,200 million, giving a notional past service deficit of £39,800 million.
Page 36
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
## **Northbourne Park School Limited (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 August 2025**
## **25. Pension commitments (continued)**
The result of this valuation will be implemented from 1 April 2024. The next valuation result is due to be implemented from 1 April 2028.
A copy of the valuation report and supporting documentation is on the Teachers' Pensions website (https://www.teacherspensions.co.uk/news/employers/2019/04/teachers-pensions-valuation-report.aspx).
Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The school is unable to identifiy its share of the underlying assets and liabilities of the plan. Accordingly, the school has taken advantage of the exemption in FRS102 and has accounted for its contributions to the scheme as if it were a defined contribution scheme. The school has set out above the information available on the scheme.
On 1 January 2025 Northbourne Park School withdrew from the Teachers' Pension Scheme and joined the APTIS scheme with Aviva for teachers. Employer contribution rates are set at 16% and employee contribution rates are set at 4%.
## **Non-Teaching Staff**
The Charity contributes to personal pension plans with Scottish Widows for non teaching staff, at 4% of annual pay. Employee contribution rates are also set at 4%.
## **26. Operating lease commitments**
At 31 August 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years|**2025**
**£**
**204,917**
**306,590**
**3,595,500**
**4,107,007**||2024
£
204,917
313,674
3,672,000|
|---|---|---|---|
|||||
||||4,190,591|
Page 37
Docusign Envelope ID: 41753FC9-0089-8B6D-81E1-36DA5BCF55A1Docusign Envelope ID: A41DAE86-BD4E-83DC-81EA-6107CAB64EC3
**Northbourne Park School Limited (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 August 2025**
## **27. Related party transactions**
During the year Lucy Hammond, daughter of Mark Hammond, a member of the key management personnel, was employed by the Charity and as such was paid remuneration for her services. Remuneration for the year amounted to £5,506 (2024: £Nil). Transactions with Lucy Hammond were conducted at arm's length and in accordance with the Charity's financial regulations and normal procurement procedures.
During the year Sarah Hammond, wife of Mark Hammond, a member of the key management personnel, was employed by the Charity and as such was paid remuneration for her services. Remuneration for the year amounted to £4,670 (2024: £Nil). Transactions with Sarah Hammond were conducted at arm's length and in accordance with the Charity's financial regulations and normal procurement procedures.
During the year Joshua Hammond, son of Mark Hammond, a member of the key management personnel, was employed by the Charity and as such was paid remuneration for his services. Remuneration for the year amounted to £628 (2024: £Nil). Transactions with Joshua Hammond were conducted at arm's length and in accordance with the Charity's financial regulations and normal procurement procedures.
## **28. Post balance sheet events**
On 16 September 2026 a trading subsidiary named Northbourne Park Enterprises Limited has been incorporated.
## **29. Controlling party**
The charity is a charitable company limited by guarantee and was controlled throughout the year by the Trustees.
Page 38