tharity Aegistration N<K 295145 Company Re8istratl¢n No. 02035304 (England and Wales) GOVERNORS. REPORT AND ACCOUNTS FOR GREENFIELD SCHOOL ILIMITED BYGUARANTEEI FOR THE PERIOD ENDED 30 NOVEMBER 2025 115 MONTHS) (Jlll.'l.'.Nl.-Il.'l.l) .%LFII)I)I
GREENFIELD SCHOOL (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Govemors IDav Princi1 M Robinson Company 5¢¢retary M Robinson (appointed 5 August 20251 Charity Number 295145 Company Number 02035304 Re815tered Office & Prlncipal Address Old Woking Road Wokin8 Surrey GU22 8HY Auditors TC Group The Courtyard Shoreham Road Upper Beeding Steynin8 West Sussex 8N44 3TN Bankers Barclays Bank PLC Town Gate House Church St E Woking GU216AE CAF 25 King Hill Ave West Malling ME194TA Solichors Moore Barlow LLP The Oriel Sydenham Road Guildford Surrev GU135R
GREENFIELD SCHOOL {LIMITE0 8Y GUARANTEEI CONTENTS Page Governors, Report (incorporating the Strategic Reportl Independertt Auditor's Report Statement of Financial Artivities io Balance Sheet li Cash Flow Statement 12 Notes to the Accounts 13
GREENFIELD SCHOOL (LIMITED BYGUARANfEEI GOVERNORS, REPORT {INCORPORATING THE STRATEGIC REPORT) The Governors of Greenfield School Ithe "Governor5"1 present their annual report lor the period ended 30 November 2Q125 under the Companies Att 2006, together with the atsdited accounts for the period. The Governors confirm that the accounts cornply with the requirements of the ACL EheTrust Deed and the Charities 50ftP IFRS 1021. For administratlve reasons the School extended its current acrDUlltin8 period frorn 31 Au8U5t 2025 to 30 November 202$. These a¢¢ovnts therefore reflect the resknlts ol th& School for the fiftèen months ended 30 November 2025. Thi5 has been ? period Df signtficant strategic develDpmeTrt for the School. Following a period of careful review, dye diligence and extensive di5CU55ion. the Governor5 agreed to rner82 Wlth HOE BridgE school. effective froffl September 2025_ This rner8er repre5ent5 a rnaior step in lIdIng on the School's long established Strengths, widening DPPOrtvnitie5 for pupi15, and 5Ècurin8 Ions terrn sustainability for future 8ener3tions. REFERENCE AND ADMINISTRATNE INFORMATION Gfeenfield School 15 registered with the Charity Commission under Charity Nurnber 295145. The Governors, executive officeK5 and principil addre55 ol the Charity together with details of the Charity's profes5i0nal advisor5 are given on the Legal and Admini5rratiwe Inlorrnation page above. The School Greenfield School 15 centrally loiated withln Woking Town, approximately 1.5 miles from the town centre, and benefits from extensive ployins liplds. A core principal of Greenfield School was its commitment to waintaining 3 distinctive role within the local community, continuin8 It5 lon8 history of part.ner5hip with neighb¢¥ring or8anisations. Wherever practical, the Governor5 ensure that School facilities are made available to other institutlons. both not for profit and commertial. The merBer with Hoe 8ridge School strengthen5 this community role, enablin8 the cambinÈd organis3tion to expand oppurtunities, Share la¢ilities and expertise, and enhantr the educational experience forall pupils as the leading through school ift Woking. STRUCTURE, GOVERNANCE AND MANAGEMENT Governin Docurnent Greenfield SchoDI was a charitsble company limited by guarantee, governed by its Memorandum and Artieles of A550Uation. Governin Bod During the period until the mer8er was completed, the Governing Body cornprised.- C 6eckett Ire5igned 2 June 20251 N 8138den Iresi8ned 21 November 2Q25 as pèrt of merger prOdure) M Cook Iresi8ned 18 November 2025 as part of merger procedure) IDay L Moors Ire518ned 21 November 2025 as part of mer8er procedurel N Phillips IresTgned 21 NovÈmb£r 2025 as part of mef8er procedurel D Walmsley lappointed 26 March 2025. reslgned 21 November 2025 as part of mer8er procedure) Recruitrnenl and Trainin of Gov The Governors ol the merged School will continue to retruit individuals with relevant skllls. experlence and enthusiasm. All Governors undertake mandatory annual trdining, with aéditional role specific training for those serying on sub committees. TraiTring is coordinated by the Clerk to the fjoverning Body.
GREENFIELD SCHOOL (LIMITED BYGUARANTEEI GOVERNORS. REPORT {INCOIIPORATING THE STRATEGIC REPORT) Risk Mana en The Governors regularly review the risks facin8 the School and have Implemenied policies w miti4ate them. Four sub committees meet termly to monitor opera)on5 and rEPOrt to the full Governing Body., Le8al. Compliance & Governance Education and fegUardIng Estates and Health & Safety Finance & Capital Requirements The e(omIC eTrvironment for independent schools rernain5 a sisnlficgnt external risk. The merger with Hoe Bridge Schaol forms part of the GtWErnors' lon8-terrn strategy to strengthen resilience, br(deTr resources and ensure rhe School can contiaue to deliver its public benefit objectlves. 08JECTS, AIM5 AND 08JECTIV£S Charitable Ob ects Greénfield School existed to provide high quality. inclusive education in accord8nce with its foundin8 Christlan values and its Memorar,dum and Art*cles of Association. Ethos and EdutiOnal Phi1050 The School fosters a culture of inclusion, acceptance and understsnding, while maintainiog excellence acr055 all areas of School life. As all acadernically non-selective school. Greenfield prowded a warm and cornpa55ionate environment in which chlldren develop their academic potential. wider ski115 and sense of identity. The me(8erwith Hoe B¢idge School supports and stren8thens ihis ethos, enabling the combined 0¢8anisation to offer a broader curriculurn, deeper5pecialist provision and enhanced pastoral care. Aims and Intended Im In partnership with f3milie5, the School aims to.. Inspire and rnotivate children to achitwe their academic potential Oiscover and develop pa55i0n Identify and fostertalent Encouragè Independence and resilience Develop critical thlnkinE and problem-solving skills Empower children w contribute to thelr community Create responsible. empathetic and comp3SSlOrtèté young people The Governors remain cgmmitted to providing an affDrdèbl@. fjrst class edtION for children from all b3c<gfounds. Fees are carefully contfolled. and the School continues to offer exceptional value formoneywithin the wider Woklng 3rea Tran formative Free Places Poli Founded on Christian and humanitarian value5, Greenfield School has è long tradition of suppartinÉ chlldren from dis2dvantaged backgrounds. The Trafjsformative Free Pla5 pro8faTn4lle ¢ontinued this legacy. offerin8 fully Funded place5 from Year 3 upwards, including uThiforrn. wrap around care and 3dditional support such a5 music lessons or tran5POrt where needed. The merger 5tr@ngthens the School's ability to expand thi5 pro8rarnme, deepen commvnity partnerships and incrèasè its impad on social mobility.
GREENFIELD SCHOOL (LIMITED BY GUARANTEE) GOVERNOR5. REPORT (INCORPORATING THE STRATEGIC REPORTI Public Greenfield School continued to deliver a wide range ol PUblC benefit athviti, induding.. HostinÈ annual swrts tournafftents for local schools, with free trall5POrt for stste schools where needed. 018ani5ing the District Athletic5 Competitim loi over 500 children. Supporting numerous charities chosen by pupils, including Cancer Researd). The merger wth HOE Bridge School enh3n¢es the Schotsl's capacity to deliver public benefit, enabling 8fEater reach, shad fa¢ilities and exp3nded p8rtftership opportunitie5. STRATEGIC REPORT chiev PupilAchievement By December 2025 thirty Year 6 pupils had èpplied to independent senior schoo15 and had received offers from 21 different schools. Several pupils sat 5chol3rship examinations in addition to automatic academic nkIng$. 20 wards were athieved.. rforman f r the Period Suble School LVSA5COt Hallilord swps Hoe Brld KESW RÈèd's 5WPS Hoe Brid Wimbledon Hi CLGS Godol hin and L Guildford Hi LVS Ascot Reed's Wlmbledon Hi Cranfflore Farnborou KESW RGS Guildlord Award 2 x Scholarship Scholarship Scholarship Schol3rship Scholarship Scholarsh STEM Asplre Awaid Scholarship Scholarshi Scholarshlp Schotarship Exhibltion Scholarship Exhsbliion Exhibition Scholarshi Scholarship Scholarship Scholarship Academia An Science and Technology Drama er Music Spor¢
GREENFIELD SCHOOL (LIMITED BY GUARANTEE} GOVERNORS. REPORT (INCORPORATING THE sfRATEGIC REPORTI Offers made S¢hglar¥bips. Exhibiti¢Jtts and Awards Offers Acce led ACSCobham ol Lortdon Glrt5 Cranmore FarnboFOU Godolphln and La Guildlcrd Pl h School Halllford H¢e Brldge KESW LVSAscot Reed'8 RGS Guildlord RGS Surr Salesian Stcathorlne's StGeor Stjohn'g St P4ul'5 Glris swps Mu3icScho13rship S orts Scholarship Sport5 Sthvlarshl Mu5ie S¢holar3hlp Music exhlbition Academic Scholar$hi Drarna Scholarship Artand Ort8 Scholarships 2 xAcademie and l Music stholar5hi Artholar5hi and Music ExhibirlDn Sports scholarship èr All Yr6 chlldren Musit exhlbitlon Academic 8cholèishi and STEM awaid Tormp3d WImbl¢Th High DTamascholar5hl nd Muslcoxhbi (<lon Abroad 'shop David Brwn Istètel Cherts High ISt3tel H¢eValle Istatel Winsron ChuTchll Isiatel Wokin HI h Isiaiel Totsl 41 + HB olfer 20 aw8rd3 The Demogrophic5 of Wokino Woklngcontinues io experience slgnificant residential development, attrattiTh8 lamiliesseekin8 Strongtransport link5 to London. Demand for places at Hoe Bridge School remaln5 high. The Governors rernain aleri to secfor wide challen8es. includin8 the introdLCtion of VAT on School fees, and continue to erTrgage with ISBA, AGBIS and IAP5. The merger with Hoe 8fid8e school forrned part ¢f the khoul's strategic respoftse to these pressure5, ensuring long term sustainability. The School 8uildings The Sthool's buildings ren1n fit for purpose èn6 are used extensively to support le2rniThB. The Finance & Capital Requirements Committee over5eèS lrtvestment in refurblshments and infrastructure. The mer8er enables m¢ye strategic use ol borh sites. Durin8 2025126, both schools continue operatin8 tsn their e¥istln8 Sltes. From I September 2026.. All pupi15 of school age will move the Hoe Bridge site fc* Pre-Prep ènd Prep provision. The Greenfield Site will serve two purposes.. The Senior School for pupi15 a8ed 13-16 IYr9, 10 and ILI. Greenfield Little school I nvrsey16 months to pre-school). Thi5 Staged app¢¢ach ensures continulty and minim15es disruption.
GREENFIELD SCHOOL (LIMITED BYGUARANTEEI GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPORT) Eductst1OAI Investment The School continue5 to invest in hi8h quality staff, SEND provision and specl3list suppoit. The LÉ3rning Enrichment team includes expertise in play therap¥ and Emotional Literacy Support, enabling early intsrvention at no additional cost to parents. Thè merBer strengthens this provision by expandinB the pool of spÈci31ist staff and treatin8 brooder opportunities for professional development. The Porents The Governors are 8rJtèful forthe5UPPOrt olthe P3rents and Friends ofGreenfield School IFROGSI whlch charity dissolved in March 2026. This year, parental fundrèi5ing enabled the purchase of more laptop computers for the new Multimedia Suite. a number of social events for children and parents and a fund to commemorate fjreenfield School. The fflerger brings togerher two engaged parent communitles, increas*ng volunteer capacity and enhancing enrichment opportunities. Financial Review Incorne flam Charitable activities thi5 periDd increasecj by El,435.843 ro £7,190,4741£5.754,63L in 20241- Inve5tmeTht incorne has decreased by £684 on 2024. Donations 3nd legacies this period totalled £7971£8.327 in 202413nd other trading income this period totalled É420.459 IE78,003 in 20241. The inctsme generated this period tot311ed £7,636,655 lan Incre3se of £1,770,085 on 20241. A5 of the reF>Orting date. total reserves 5too6 at £Nil12024.' EI,928,6571 followin8 the transler of total net assets to Hoe Bridge Sch4)ol on 30 November 2025. Reserv The School's reserves poliw aim5 to mèint3in three months of operational cosc5 in liquid assets. Following the merger, this policy is no longer applicable, as all n2t assets tranSferd to Hoe 8rid8e School as part ol the mEr8er. f r th Futvr The sd)ool has merged with Hoe Bridge School. The plans are made Clear in the Hoe BriLl8e School paper5. AUOtTORS Disclosure of informa ion to So far as rhe Governors are aware. there is no relevant audit information las defined by Sertion 418 of Ihe Companies Act 20061 of which the tompany's auditor5 are unaware. and each Governor has taken all the 5tep5 that he orshe ousht to have t8keFI 85 a Governor in order to rnake himself or herself aware ol any relev3nt audit inform3tion and to establish that the company's auditors are aware Df thai information. The Governor5 have complied urith thi5 requirement by dele83tin8 this reporting respon5ibilityto membersof the Finance Committee who have the knowledge and experience required. statement of Governor5. Re5 The GovErnor5, who are also the Directors of Greenfield School for rhe purpose of company law, are sponSible ftsr preparlns the Governor5. Report and the account5 in accordance with applicable law and Unired Kingdom Accounbng Standards (United Kingdom Generally Accepted Accounting Prarticel. Company law requires the Governors to prèparÈ accDUllt5 for each fin3nci31 ypar whi£h give 8 true and fair view of the state of aff3irs of the charity and of the incomlng resourtes aTrd applieètion of resource5. including the intome aTrd expenditure, ol the charitable cornpany lor that year.
GREENFIELD SCHOOL (LIMITED BY GUARANTEE) GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORT) In preparing these accounrs. the Governors are required to.. select suitable accounting policies and then 6pply them consistently-, observe the m@thods and principle5 in the Charities SORP., make judgements and estimate5 thar a reasonable and prudent.. 3nd prepare the accounts on the going cancern basis unless it Is inappropriat? to presume that the d)3rity will continue in operation (see note 2.11 The Governor5 are responsible for keepin8 adequate accounrins records that di5c105e with reasonable accur8CY at any time the financial position ol the chariiy and enable them to en5ts"e that the accounts comply with the Companies Art 2006. They are 31so responsible for safeguardin8 the assets of the charity and hence for taking reasonable step5 for the prevention 8nd detettion of fraud and other irregularitles. Approved by the 8oard of Govern015 of Greenfield School on 1.3 f7lG- and sisned on its behall by.. Joay Governor
GREENFIELD SCHOOL (UMITED BYGUARANTEEI INDEPENDENTAUDITOR'S REPORT TO THE MEMBERS We have auditÈd the financial statements of Greenfield School I'the Charitable company'l fDr the perTod ended 30 November 2D25 which compromise rhe Statement of Financial Activities, the Balance Shee¢ the Cashflow Statement and notes to the linancial statements. The financial reporting framework that has beÈn applied in their preparation is applicable law and United Kinedom Accounting Standard$, including Financial Reporting Standard 102 The Finanrial ReporThng Standard applicable in the UK alld Republic of Ireland (United kn.wdom GenerallyA¢cepted Accountyng Practi¢el. In our opinion. the linanaal statéwents.. 8ive 8 true and fair view of the state of the charitable company's affair5 as at 30 Novernber 2025 and of its Incc>ming resourcES and application of resources, includbng its income and epEndIture. forthe period rhen ended-, have been propetty prepared in accordance with United Kingdorn Generally Accepted Accounttn8 Practice.. and havebeen prepared in ac¢ordanee with theQuIrements ofthec0mpaniesAet26. Basis of opinlon We conducred our audit in ac¢ordance with Internatyonal Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsrbilitie5 under th05e standards are ftsrther described in the Auditor's re5ponsibilitles for the audit of the financial Statements section of our report. We are independent of the charitable Company in acttrdance with the ethical reqIreMentS that are relevant to our audlt of the finanaal statements in the UK. includin6 the FRC'S Ethical Standard, and we have lulfilled our ethical responsibilities in accordance with these reqvirements. Wè believe that the audit eviden we have obtained is 5Jfficient and appropriate to provide a basis for our opinion. ConClu0n5 relatlng to 80ing concern We draw attention to Note 2.1 to the linancial ststefflents which explains that the company merged on 30 November 2025 with the net asset5 being transferred to Hoe Bridge School Icompany number02086298, charity number 2958081. The8overnors therefore do not consider itto be appropriatÈ to adopt the going concern basi$ of accounting in preparing the financial statements. Accordingly, the flnano315taternents have been prepared on a break-up basis as described in Note 2.1. Our opinion is not rnodified In respect ol this matter. Other information The governors are responsible for the other inlormation. The other inforrnation comprises the information Included in the annual report, Includin8 the governor's report, other rha the financial statements and our auditor's report thereon. Our opinion on the financial staternents does not cover the other information and, except to the extentotherwise explicitly stated in ourreport, we do notexpress any lormofassurance condusion thereDn. In connection with ovr audii of the financial st3ternents, our responsibility 15 to read the other information and, in doing 50, consider whether the other information is matèrfally inconsistent with the financial sta*ments. or our knowled8e obtained in the auditor otherwise appears to be materially rnisstated. Ilwe identify5uch material inconslsteocies or apparent material misstatements, we are required io deterrnine whether there 15 a material misstaternent in the financial statements or a material misstatement of the other information. If, based on the work we have performeLI, we tonclude that there is a material missiatement of this other information, we are requlred to reportthatfact. We have nothing to port in this regard.
GREENFIELD SCHOOL (LIMITED BY GUARANTEEI INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS Oplnions on othèr matters prescrlbed by the Companles Act 2006 In our opinion. based on the work undert3ken in the course of the audit.. the inforrnation given in the governors, report lincorpor3ting the strategic report and the 4overnors' reportl lor the finan¢i41 period lor which the nnancial statements are prepared is con5iStettt with the financial statements",and the strate8i¢ report and the gov@rftors' report have been prepared in accDrdance with applicable legal requirements. Matters on whl¢h we arq Tequired to report by eN¢eption In the light ofour knowledge and undeistanding of the cha¢ltable company and its envlronment obtained in the coursÈ of the audit, we have not identilied material mis5t3rements ir) the stote£ic report and ihe goveFnor5' report. We have nothing to report in respect ol the followln8 fflatters in relation to wh&¢h rhe Companies Act 2CrfJ6 reouires us to report to you if, In our opini¢n'. adequat2 accounting records have not been kept by the £har¢table company, or returns adequate for our audit have not been received frgm branche5 not visited by us-, or the financial statement5 are not in agreement with theaccouniing records and returns-, or certain drsclosures tsf directors, remuneration specified by13w are not m3do- or we have notreceived all the information and exp13nationswe require. Responsibllitie5 of governors As explained rnore fully in the goverftors. responsibilities statemeni, the governorslwho are also the dirertor5 of the eha(itatsle comp3ny for the PUFP05es of cornpèny13wI are sponSible itsr the preparation of the financial statements and for being Satisfied that they give a true 3nd fair view. and for such internèl control a5 the governors determine is necessary to enable the preparation of financi31 statements that are frèe fram material misstatement, whether due ro fraud orerror. In preparin8 the Financial statements, the governors are responsible lor a55essinE the charitable company's ability to continue as a Boing concern, disc105ing, as applicable, mattErs related to 80in8 concern and usin8 the going concern ba515 of accounting unle55 the 8overrTrors either inrend to Ilquidaie the ch8ritabl& cotnpany or to cease operations. or have 6)0 realistic altemative to do so (see Note 2.11. Auditor's responslbSlhies for the audit of the financlal sraternents Our objectives are to obtain r£asonable assurance about whether the fin3nci81 statements as ) whole are free from materièl rnisst8tement, whether due to fraud or error, and to issue an 2uditor's report that indudes our opinion. Re3sonable 3s5ur3nce 15 a high level of a$5Ufance, but is not a guarantee that an audit conducted In acrordance with ISAS IUKI will alw3Ys detect a rnaterial mlssiatement when it exists. Misstatemertts czn arise from fraud or error and are considerÈd tnaterial if, individually or in the 388regate, Ihey could reasona¥ be expected to influence tbe economic decistons o user5 laken on the basis ol these financral statements. Irregularities. induding fraud. are instances of non<ompliance with laws and regulations. The extent to which eur procedurè5 are P3ble of detecting irrègularities, including fraud. 15 detailed below. Extent ta whiih the audit was consldertd capable of detectlng IFre8ularltie$, in¢ludinK*raud The objectives of our avdit. in respect to fraud, are.. to identify and assess the risks of material MlSStatement of ¢he rsnancial statsments due to fraud,. to obtain 5ufficienr appropriate audil evidence ¥egarding the assossed risks of material misstatement due to fr8ud, thfough desi8niTrg and implementing appropri3te responses- and to $ptsnd appropriately to fratsd or suspected fraud identified during thÈ èudit. However, the primary responsibility lor the prevention and detection of fraud re5t5 Wlth both rhose charged with governance of the entity anLI its managemenr.
GREENFIELD SCHOOL (LIMITED BYGUARANTEEI INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS Qur approach was as1911(bw5'. We idèntifiÈd are3s of laws and règulations thar could reasonably be expected to have a m3teri81 effect on the frnancièl statetnents from our general settor experien, and throu8h discussion with the sovèmtsrs and other rnanasernent las re4uired by auditing standards1, and discussed with the goveinors and other managemenr rhe policies and procedures regarding compliance with law5 and reguloiions (see below): We identified the following arE85 35 those rn05t likely to have such an effect.. health and 58fety', Genèral Data Prote¢rion Re8ulation IGDPRI,. fraud,. bribery and corruption, school inspe¢tiMs, DBS checks. employrnenl law and Keeping Children Safe in EdUtIOn under $ertion 175 of The Education Act 2002. Auditing srand3rds limit the required audit procedures to identify non-compllance with these lèws and re8ulations to enquiry of rhe 8ovemors and other management and inspection of re8ulatory and le831 correspondence, any. The tdentified artual or suspected non<ompliance was Trot sufficientsy si8nificant to our audit to result in our re5PDll5e bein8 identified as a key audit matter. We considered the le8al and 8vI{tory frameworks directly applicable to the financial 5tatsments PortIng framework IFRS 102. tbe Companie5 Act 2006 and the Charit':e5 Act 20111 and the relevant tèx compliance regu14tltrn5 in the LIK. We considered the nature of the Charitable ¢ompanrfs oper3tions. the centrol environrnent and firtan¢ial performance. We communicated identified laws and regu13fions throughout our team and rernained alert to any indications ol non-compliance throughout the audit. We considered the proeedures and controls that rhe charitable company ha5 Established tD address risks Identified. or thai otherwise prevent, deter and detert fraud,. and how senior management morlitors thase procedurès and controls. B85ed tsn this under5tandin8 we designed our audit procedures to iderttifv rton<ornpliance with such laws and re8ulations. Where the rlsk was considered to be hi8her. we performed audit procedures to address eèch identified fraud risk. These procedures included.. testing manual jouma15' reviewin8 the financial statement disdosures and testin8 to supportin8 documentation.. performin8 analytical procedures., and enquiring of managemenr, and were designed to prwde reasonable assurance that the finanual statemeAts were free from Iraud or error. Owing to the inherent limitations ol an èudit, there is an unavoidable risk that we may not have deterted some material misstatement5 In the financial statements, even thttu8h we have properly planned and performed our audit in &c£tsrdance with auditing standèrds. For ex3mple. the further removed nen-compliafice with laws and fegulation5 lirregularitiesl is from the events and tr3nsa¢tions reflected in rhe financial statements, the less likely the InhenllY limitèd procedures rèquired by èuditin8 Standards would identify it. The risk is also greater re83rdin8 irre8ularfties occurrin8 due to fraud rèther than error. 8$ fraud Involves Intentional concealment, forgery, collusion. omi55ion or misrepresentstion. We are not responsible for preventing non-cornpliance and cannot be expecÈed to detect non- compliance with all pèws and re8ulations. Use of our report Thi5 repart is rn?de solely to the charitable company's members. a5 a body, in accordance with Chapter 3 01 Part 16 of the Companies Act 2006. Our 3udit work ha5 bÈÈn undertaken so that we mi8ht state to the chèritable company's members those matters we are required to state to them in an audlOrS, repDrt and for the no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to 3nyon* other than the charirable company anLf the charitable company's members. as a body, for our audit work, orfor the opinions we have formed. TcqroL Maik Cumrnlns FCCA Senior Statutory Audbtor For and on beha of TC Group Statutory Auditors Office.. Steynin& West Sussex Dated. Qfl toz
GREENFIELD SCHOOL {LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNTI FOR THE PERIOD ENDED 30 NOVEMBER 2025 Notès 115 monthsl Total 2025 112 months) Total ZQZ4 INCOME FROM.. Don8tions and lÈgacies Other trdding income Investrnents Charitable activities Total income 797 420,459 24.925 7.1A74 7fi36,655 8.327 78,003 25.609 5,754,631 5,866.570 EXPENDITURE ON: Charitable artvIlle$ Tt)tsl expendlture 7.433,512 7,433.512 6,023,709 6,023,709 Nét Incomellexpenditurel 203.143 1157,1391 Transfer cf assets and liabilities to Hoe Bridge school 21 12.131,8001 Net movement in funds 11,928.6571 1157,1391 Fund balances brought fonNard 1.928,657 2,Q85,796 Fund balantes at carried forward 1.928,657 All iycome and 8ain5 for the peri are recoEnised abgwe. All income and expenditure In the current perlod was unrestricted. All income and expenditure derive from continuin8 activitie5 but see note 2.1. The Stalernent of Financial Activitie5 a150 complies with the requirements for an income and expenditure account_ The notes on pa8es 13 to 21 form part of these financial statement5. io
GREENFIELD SCHOOL IUMITED BY GuARAEEl BAL4NCE SHEET AS Af30 NOVEMBER 2025 30 November 2025 31 AvBust 2024 Notés FIXED ASSETS T3ngibl£ assets Investment property io 14.881.487 725.70 li IS,,487 CURREMT ASSETS Debtors Cash at bank and in hand 62,018 888,844 950,862 CURRENT LV481LITIES Creditors du? within one year 13 13,667,408) NET CURRENT LIABILITIES 12,716,546> TOTAL ASSETS LESS CUARENT IIABILITIES 12.889,941 LONG TERM UA81UTIES Creditors due èfter one year 110.961,2841 1,928,657 IIEPRE5ENTED BY.. Uyrpstricted funds 22 1,928,657 1.928,657 The accounts were approved by the Board of Guvernors on by= and slgned on their behllf JDay The notes on page5 13 to 21 form part of these tinancial statements. li
GREENFIELD SCHOOL (LIMITED BY GUA17ANTEE) CASH FLOW STATEMENT FOR THE PERIOD ENDED 30 NOVEMBER 2025 30 November 2025 31August 2024 Notes Cash flows from operatlns athvltles.. Net surpluslldeficiil forth¢ perlod Adiustments for Depreclation charges Dividend5, interest and rents from investments Gain on disposal of fixed assets Interest paid Decreasellincreasel in debto Increase/ldecreasel in creditors Net cash provlded by operating actlvitles 203,143 1157,1391 547,091 124.9251 12523591 779,524 150M261 122,400 432,521 125.6091 588,849 108,597 IOL,101 13 1,324A48 1,048,320 Cash ftows from Investing activitles Dividends, interest and rents from invesrments Interest paid Proceeds from sale of iangible fixed asset5 Purchase ol tan8ible fixed as5e15 Net cash used In investing artivlties 24.925 1779.5241 851.098 I928) 25,609 1588,8491 io 140.5341 86.671 1603,7741 Cash flows trom financiDB activltles= Loans repaid in the period Net Cash used In fl*)ancl#g activtties 15 11,262.9811 159.IlSI 11,262,981) 159,1151 Chan8è in cash and tash equivalents in thè peri¢ Transferred to Hoe Bridge School Cash and cash equl¥Blert5 at thè beginnin& of the perlod Cash and cash equivalents ?t the end of the period Analysis of cash and tash equt¥alent5 Casn at bank arjd in hand Total Cash and cash equiY3lents 148.138 11.036,9821 888A44 385.431 503,413 888,844 888.844 888.844 12
GREENFIELD SCHOOL ILIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS CONTINUED FOR fHEPERIOD ENDED30NOVEM8ER 2025 STATUTORY INFORMATION GreEnfield khool 15 a private charitable company. limited bvBuarantee, incorporated in England and Wale5. The charirable coYnp3n¢s re8lStered number and registered ollice address can be found on the legal and adrnini5trative inlorrnaty'on page. ACCOUNnNG POLICIES 2.1 BasLs of preparation The financial staternerits have been prepared under the Companies Act 20C6 and in accordance with the Charr(ies' Ststernent of Recommended Practicè ISORP IFRS10211 and Financial Reporting Standard FRSIO2. The ¢harltable company ffieets the definition ol a publi¢ benelit Èntity nder FRS102. Assets and abilItieS are iAitially rerognised at CDSt ortr3nsactlon value unles5 Ctherwise stated in Lhe relevant a¢¢ounting policy. The finant1315t3tements are prepared in Sterling and rounded to the nearest El. The school merged on 30 NovernbÈr 2025 with the net assers being transferred to Hoe Bridge School. The governor5 Iherefore do not consider it to be appKopriate to adopt the going concern basis 014wountin8 in preparing the fin8ncial statements. instead prepaiing the accounts on a break-up basi5. The fianCIal statements have been prepared for a IS rnonth perfod. 2.2 Income Fees receiv3ble and charBes for servtc&, less any allowances, scholarships and bu¥$8ries granted by the School agalnst those fees are BccountÈd for in the period in which ihe service 15 provided. Where lee5 are received fara luture service period they are included in deferred Inc0e, including those lees reteived undér an advante Ite payment scheme. Income from investrnent properties aTrd interest on funds held on deposit are included when recEiV3ble and the amouni Can be measured reliably by the charity. Rental income is reco8nised whèn It5 due and inteiest is reco6nisÈd when it 15 receivable. Donations, le8acie5t 8rants and other voluntary in¢ome are accounted for as ènd when entitlement aftses, the aTnount can be reliably measured and the economlc beTrelit is considered prgbable. Where 3 donor or an appe31 ha5 irnposed restricrions the Income is credited to a restricted fund. Other inctsmelother tradlng income is accounted f?r on an accruals basi5. 2.3 Expenditure Expenditure is accounted lor on an accruals basis. Overhe3d and other Costs not directly attributable to a particular function313ctivity are included within support costs. The irrecover2blÉ element of VAT is included with the item of expenditure to which it relates. Costs of generating funds arÈ the costs dlrectly attributable to raising lunds. Governan£e costs compristthe costs of runningthe charity, induding costs of legal and professional fees and audit lees. Support costs intlud& those c05t5 connected wilh the management of the chariWs a55ets, organisational management and administration and cornpliance with constitutional and Statutory requirements. Trese include all expenditure not directly related to the charitable zctivity OT fundraising ventures. Terminarion payments are reco8n15ed immediately as an Expense when the charity is tlemonstlably committed to terminate thè employment of an employee or to provide terfflination beneflrs. 13
GREENFIELD SCHOOL (LIMITED BYGUARANTEEI NOTES TO THE ACCOUNTS CONTINUED FOR THE PERIOD ENDED 30 NOVEMBER 2025 ACCOUNTING POUCIES Icontinuedl 14 Tanyble fixed assets and depreciatlon Tangible fixed 8$5ets are stated at ¢cst less accijmulared tfepreciation. Depreciation Is prDvided at rate5 calculated to write off each as5el over its estimatÈd useful life or, if held under a fiTrance lease, over the lease terms, whichever is shorter, as follows: Freehold pr¢pertv Fixtures and litting5 Computef equipment Straight line over 50 years 15% on reducirn8 balance 33% on redu¢in8 balance Individual assets C05ting £750 or tnore are capitslised and valued at historical cost. All other assets undér this amount are expensed to the Stst*ment of Fifjancial Activities. At each reporting date, the charity reviews the carrying amounts of its tangible fixed assets L¢ deterrninE whether there 15 any indiiation that tb05e assets havo suffered an Impairment loss. Any such loss would be reco8nised irnmedlately as expenditure in that period. 2.5 Investments Investrnents are st3ted at market value as at the Balance Sheet date. Profits and losse5 on rev8luation of the assets at the end of the period are reflected In the accounts in the Statement of Financi31 Aciivities. 2.6 Leasing and hire purchase commitments Assets purchased under linance leases are eapitali5ed as fixed 35sets and depreciated over the term of the lease. Obligations under such a8rewnents 8r& included in creditors net of the finance charges to future periods. Finance chargÈs are written off to the SOFA over the period Df rhe lease. Rentals paid undercperating leases are ch3r8ed against income ort 3 straight ITne basls over the period of the lease. 2,7 Pensions Thecharityoperates defiqed contribution pensiop schemes forboth teachers and admini5traiion and support staff. Contributions payable to the 5cherne are Chaed to the Statement of Financlal Activitie5 in the period to which they relate. 2.8 Atcumulated funds llnrestrict funds COTnpfi5e those funds v4hich can be used in 3CCDrdance with the Charitable objects ai the discretion of the Governors. Restricted funds are those fuftd$ thar can only be used for restricted purposes in atcordance with the wishes of the donor or when funds have been raised by the charity for particular restricted purposes. The cost of raising 3nd adrninistratingsuch fund5 are charged against the specific funds. 2.9 Debtors Trnde and other debtors are recognised at the 5ettlernent amount due. 14
GREENFIELD SCHOOL (LIMITED BYGUARANTEE) NOTES TO THE ACCOUNTS CONTINUED FOR THE PERIOD ENDED 30 NOVEMBER 2025 ACCOUNTING POLICIES Icontlnuedl 2.10 Cash at bank and in hand sh at bank and in hand include5 cash and Short term highly liquid investment5. The Governors seek to use short and mediutn terrn deposits where p0551ble to maximise the return on monies held at th& bank and tD manage cash flow. 2.11 Credftors and provlslon5 Creditors 3nd prtsvisions are t0815ed where the tharity has a presentobliB3tion resulting from a pastevent that will probably result in the transferoff funds to a third party the amount due to sete the obligation can be MeaSud or estimated reliably. 2.12 Crillcal a¢countlng lMateS and judgements In the application ol the charity'5 3CCOUnting policies. the Governors are required to Fnake judgements. estimate5 and assumptions about the carrying amovnt of assets and liabilities that )re not readily apparent from othersources. The estirnate5 and associated as5umption5 are based Dn historic31 expeiiertce ènd other factois that are considered to be relewont. Actual results May differ from these estimates. The estimates aAd underlying assurnptions are reviewed on an ongoing basis. Revisior.5 to accounting estimates are recognised in the perlod In which the estimate is revised. The Governors do not consider that there a 3ny criiical estimates orareas ofjudgement Ihat neod to be brought to the attention ol rhe readers of the financial statements. DONATIONS AND LEGACIES Total 2025 Total 2024 Donations 797 8,327 797 8.327 OTHER TKADING AcfiviTIES Total 202S Totsl 2024 Gain on sale of tangible fixed a5set5 Sundry incom 252359 168.1¢)0 78.003 420.459 78,003 INVESTMENT INCOME Total 2025 Totsl 2024 Deposit account interest Comrni5sions 8300 5,551 2.325 17,733 In¥estrnent income 16.625 24,425 25.6U9 15
GREENFIELD SCHOOL (LIMITED BYGUARANfEE} NOTES TO THE ACCOUNTS CONTINUED FOR THE PERIOD ENDED 30 NOVEMBER 2025 INCOME FROM CHARtTA8LE AcThvmes 2025 2024 Gross School fees 6A12?7S 5,618.699 Less.. BEtrszrie5 and disEounts Net School lees Add.. Registration fees School trips and clubs 1103,3431 6,709,032 1147,8951 5.470,804 9,2CM) 472,242 14,41X) 269,427 7,174 5.754.631 ANALYSIS OF EXPENDITL¢RE Staff costs Depretiatlo Other costs Totsl 2025 Total 2024 Charitable expenditure EduEatlon Teachi(Trg and Childcare Welfare Estates Support and Govern3nc Total charitable expenditure 3,154,612 122.821 487.155 634.227 1,910,867 3,155,070 3.277,433 487.155 1,322.894 2.346,030 7A33,512 3,ID8.726 396,480 1,182.882 L335,621 6,023,709 141,576 435,163 3.731.351 547.091 547.091 Total expendr£ure 3.731.351 547,091 3,155,070 7,433,512 6.023.709 Analys ofsuppon and 8ovemance costs: 2025 2024 Auditor5. rernunèration for audit seNices Total govemance costs ,800 15,800 21,600 21,6CQ Support costs.. Auditors, remuneration for non audit service5 Legal and professional fee5 rel8ting to support support staff wages, national insurance and pension Loan interest Other 5UPPOrt costs 11,460 67.826 340,592 $88,849 326,894 727,158 435.163 779,524 388,385 2346,030 1,335,621 8. TRUSTEES REMUNERATION AND BENEFITS None of the governor5 lor any persons tonnected with iheml received an¥ remuneration durin8 the turrent period or prlor year. There were 1mbr5ed expenses ro one 6ovemor in the period of £2212024.. £1,8801- 16
GREENFIELD SCHOOL (LIMITED BYGUARAKfEE) NOTES TO THE ACCOUNTS CONTINUED FOR THE PERIOD ENDED 30 IVOVEMBER 2025 9. STAFF COSTS The aggregate payroll costs for the period were as lolluws.. 202S 2024 Wages and salaries Social secority costs Pension ¢OSLS 2,993,042 310,722 427.767 3,731.531 2,677.871 244,015 394.274 3,316,160 2025 2024 Teaching 2.21895 936,697 435,163 141,576 3,731531 2.195,288 587,279 340.592 193.001 3,316,160 Administrative Estate The average monthly number of employee5 during the peAod was a5 follows.. 2025 2024 Teaching Little Schcbol Administrative Estate 51 19 27 81 Staff earning in excess of E60.OLTh) per annvm in the following bands arE'. 2025 Number 2024 Number £60,0(Y)- £69.999 É70.000- £79,999 £90,tIoo- 99,999 É120.000- £129,999 £I50.0- £159.999 Defined benefit contributions pèyable by thè School for hi8hei pasd ernployÈes were £53,17412024.. É60.0631. The School considers Its key m3nagÈment personnel to comprise thé head teacher, senior rnembers of teaching staff. the bursar and the head of marketing and tomrnunications. The total employment bonefits includtrtg employer5, national insurance and pension contributlOn5 of the key management peonnel were E852,962 12024.. £781,185). Included within staff costs a redundanq costs of £Nil12024.. É33,3231. 17
GREENFIELD SCHOOL (LIMITED BY GUARANTEEI NOTES TO THE ACCOUNTS CONTINUED FOR THE PERIOD ENDED 30 NOVEMBER 2025 IQ. TANG18LE FIXED ASSETS Free1Id Property Flxtures and Computer Total Property Improvements Fittin85 Equipment Cost At I September 2024 Additions 14.679,2S6 7S5.420 I,Q52,527 277,848 16,76S,0S1 9,828 1666,4161 I9,831) 9,828 Disposals VAT reclaimed 16SO.OODj 1139.8311 16,5021 19.9141 Transferred to Hoe Bridge At 30 November 2025 11,042,613) 1287,6761 115,968,6321 113.889.4251 1748,9181 Depreciation At I September 2024 Charge for the period Eliminated on disposal Transferred to Hoe Bridge At 30 Novernber 2025 862.301 326.186 475,950 105,224 11,9391 219.125 L883,564 547,091 167.6771 321,863 99.910 12,6551 20,094 163.0831 1239.2191 12.362.978) 11,121,083> 1423.44LI 1579.2351 Net book ualue At 30 November 2025 At 31 August 2D24 13,816,933 429,234 576,577 58,723 14,881,487 11. INVESTMENT PROPERTY Falr value At I September 2024 Tr3n5ferred to Hoe 8rtd8e School At 3D November 2025 725,ts)0 1725,COOI Nèt book value At 30 Novernber 2025 At 31 August 2024 725,Crf)O In 1998 a 8ift of 54-56 Chertsey Road. Woking wa5 received. At the tlme it wa5 received its estimates open market value was E164,000. That was the effective value of the gift and thereFore the historical cost lor Greenfield School. In February 2023 Kempton Carr Croft rev31ued Chertsw Road at £725,000. In the opinlon of the governors there is no rnaterial difterence to the value of the property èt 30 PJ¢vember 202S. 18
GREENFIELD SCHOOL (UMITED BY GUARANTEEI NOTES TO THE ACCOUNTS CONTINUED FOR THE PERIOD ENDED 30 NOVEMBER 2025 12. DE8TORS 2025 1024 Trade debtors Prepaymenr$ and accrued income Other debtors 104,388 4,866 143.021 2S2,275 12522751 26.544 22,417 13,057 62,018 Tran5terred to Hoe Bridge School 62,018 13. CREDITORS- DUE WITIIIN ONE YEAR 2025 2024 Trade creditors Other loans Isee ntsre 151 Social security and other taxes Other trediiors Deposit5 FeÈ5 received in advance Accruals 9,ISS 1,237,023 142,737 2,435,222 49,400 28,752 L5,SOO 965,917 29.880 3,667,408 274,361 14.50D 253,705 822899 2,611,643 12.611,6431 Transferred to Hoe 8rid8e School 3,667,408 Fees received in advance represent lees received th3t relate to Decernber of the Auturnn 2025 term. 14. CIIEDITORS: DUÉ AFTER ONE YEAR 2025 2024 ather loans Isee note 151 Fee deposits held 10.757,75Z 118,716 IOA76,468 IIOA76,4681 10,822,534 138,750 lQ.961,284 Transferred to Hoe BridBe School 10.961.284 19
GREENFIELD SCHOOL {LIMITED BY GUARANTEEI NOTES TO THE ACCOUNTS CONTINUED FOR THE PERIOD ENDED 30 NOVEMBER 2025 15. OTHER LOANS 2025 2024 Other loan5 are whdly repayable in tnstalment5 a5 follows.. Less than one year In rnore than one year but less than ftve years In more than five years 1.237,023 290,920 IOA66A32 11,994.775 11,994,775) 2.435,222 277,905 10,544,629 13,257,756 Transferred to Hoe Bridge School 13,257,756 Loans vjere obtained to purchase a newsite forthe school. The loans are secured on property dwned by the school and are lor 3 total period of up to 50 year5. During the first 3 years no repaymeNt5 will be m8de but interest will accrue and rhen it will be repaid over tbe next 47 years. The Interesr rlte 3pplicable will be Iyo PDint above the 47 ye3rs Publit works Loan Boèrd Annll¥ Rate. 16. PENSION COMMITMENTS Teachers The school launched ? 8oyal London defined contribution scherne for teacher5 on l 8ÈptÈmber 2024. Contributltsns payable in the period were £226.3L912024.. E236,7921 and at the period-end £Ni'12024'. £Nill was a¢truÈd in respect of contributions to this scherne. Other Staff The School also contribure5 to defined contribution pènsion 5cheme5 on behalf of Its Other staff. Employer contributions payable to these schemes were E201.44812024-. £157.4821 and at the period-end £Nil12024= £11) was atcrued in respect of contributiws due to thèse scherytes. 17. TAXATION The charitable comoany ts registered a5 3 charity and all its income la11s within the exemptions under Part 11 of the CorpoF3t(on Tax Act 2010. 18. RÉiATED PARTIES Two of Ihe governors had children at the school during the period12024.. twol. Two membe<5 of key man8gement personnel had children at the school duringthe period12024., fourl. All school lees were ciarEed at the advertised ratos, however key management received stsff discounts on the advertised rates, 85 part of their employment contracts. 20
GREENFIELD SCHOOL (LIMITED BY GUA114NTEE) NOTES TO THE ACCOUNTS CONTINUED FOR THE PERIOD ENDED 30 NOVEMBER 2025 19. LEASE COMMwfMENTS AND OTHER CAPtTAL COMMITMENTS At 30 November 2025 the School had total commitments undernonrf3ncellabJe operating lease5 as follow5.. 2025 2024 Within one year 8etween one and five years 14.350 7,566 21.916 The school is still negotiatin8 Wlth building contractor5 in relation to thè final settlement due lor the build pro55 of the sch¢)01. £470,10 has been actnjed lor this in the accounts. At the period end all operatin8 leases were transferred to Hoe Bridge School. 20. 511ARE CAPITALANO CONTROL The charitable company is limited by suarantee and dDes not have a share capital. In the eveni of a windln8 up each mernbergu3rantees to contrlbute an amount of no more than £10 while they are a member or for one yearafter. 21. TRANSFER OF OPETIoNS, AsseTS AND LIABILITIES TO HOE BRIDGE SCHOOL On l December 2025 Greenfitld School rnerged with Hoe Bfidge school. Company nurnber 02086298, charity nvmber 2958Q8. on 30 November 2025 the net 355ets and operation$ ol Greenfield were transferred in full to Hoe Bridge, ther&fore ès at the reportin8 date the value of the remaining net assets within GrÈenfield 5¢hool was EN*1. 21