Charlty reglstrntlon numbeT 295808
Company reglstratlon number 02086298 (England and Wale81
HOE BRIDGE SCHOOL LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

HOE BRIDGE SCHOOL LIMrrED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
MsSEWBabgr
MrlPKatté
Mrs S J La￿Y
Mr G Verity
Mr P L Walton
Mr R J Williams
Mr J L Pallent
MrTGVipe
MrSTCooke
MrDAFox
(Apwnled 26 March 2024)
Se¢retary
Mrs H Davles
H¢adleach¢r
Mr C Webster
Charlty numbèr
295808
Company number
02086298
Regl$tsr•d offl¢o
Hoe Place
Old Woknng Road
Woknng
Surrey
Untte(l Kingdom
GU22 &JE
Audltor
Azets Audit Servic8S
AshL¥Mnbe Court
WooLwk Way
Godalrning
Surray
Unrted Kingdom
GU7 1LQ
Bankers
mal￿al Westminister Bank PIC
POBox1
2nd fl(hy G3
2 Cathedral Hll
Guikthrd
SU￿￿Y
United I￿n￿j0M
GUI 3ZR
Soll¢Mor
Penningtons Manches Cooper
31 Chertsey Slreet
Guibdford
Surrey
United lfjngdom
GU14HD

HOE BRIDGE SCHOOL LIMITED
CONTENTS
Page
Trustees, report
Independent audilorfs report
10-12
Statement of financial acbvitigs
13
Balance sheèt
14
&atement of cash flows
15
Noles lo the finandal 8tatemerrts
16-30

HOE BRIDGE SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees pr8sont thwr rew)rt and finandal ststements for th8 year ended 31 August 2024.
The financlal stat8m&nts havè been prepared In athyd8n¢e with the acwunting polKi8S Set out in note 1 to thg
flnaneial statèments and comply wllh the SC￿￿1's arbdès of assc*xthn. the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Racommended Practice applicable to charities preparfng
their accounts in aco)rd8nce with the Finaniaal Rep(Kting Standard applleable in the UK 8nd Republlc tsf Ireland
IFRS 1 Q2} l&ffe¢tlve 1 January 20191..
Objectlves and aetlvltlès
The oblects for whlch the School is estsblished are to promote and wowdo the advancement of education. In
furtherance of the objects, ￿e Schwfs prinapal continues to be that Df an indepèndent Pre-Prep and
Prep School catsrfng for boys and gits from age tffi￿ lo Ihirteen.
Our 5 Year Vlslon
The vlsion of our school for the next 5 years is around malntalniny our positim at the forefront of
educatlonal progréss and delivering the best experienc83 for our chlldrèn to thrive within. We have an energy
and passion to f081er everyone in a spedal way, a way that enab￿ thèm not just to grow. but becom8 strongér In
the belief that they are becoming tha b8st rx)ssible version of thotTwJves. In our carfng environmenL wlth adults
who are comrnitted and ofler thè most Sp￿aal of nurturlng appri)aches. our children can enjoy a sthLKI that
slimulales th?m to be at Ihgir h8ppi831, nTh)st confident and able to athieve Iha most fantastic things.
Ihfith thls und8rpinniry the primary foundations of our sthool, we k)ok al the growth of our seniots. years,
extending the wonderful Senior Prop years (Year 7 & 81 to Cmjr Senw Sthool IY6ar g 10 111 and the GCSE Hub.
We have the most exclb.ng project in buiSdin9 a stat￿f-the-art senR)r school th81 is N8t Carbon Zero, ultra
Sustainab￿ In build and will deliver B spauous sduestional envirimment for our Dkjest childr8ll to develop into the
most affart￿e and proacb've citizens of th8 future. With the bést teachers inspiring their learning, the latest
tèchnology facilitating a growth In knowledge in so many differtng ways and the ethos and cultura of Hoe Bridge
Sch￿1 creating tha mo$t effeclve culture, the foresegaNe ￿bjre wll simply gnhance the extraordinary impact
that our school can have Dn the lives of the chlklfgll Wtthin our car8.
In conjunction with the physical growth of the school, the Fwibifities for our chiljren to embrae8 our unique
opwrtunities ￿ryI1 also dèvelop. We wll spread wr SKth"wvJ experienc8s arourKI our local arpa and as far and
¥thde as Dubai, Sl. Lucla and futher affield,. buikl on our rnusical r￿thre whilst encA)uraging our children into
the highest kvels of involvernent both in sdicKJl and within the mulblude of opportunlties in and around London
and Europe,, perform ￿ stage within our drama, musical theatre. dance and the wider arts to the most
exeepuonal levels in the most splendid of th&atre spa￿8 and to stretch tho broadest areas of school life lo tha
maximum. We will slmply notjust prowd6 8 standard educauonal ioumey but use tha most exdled and insighffijl
L)f minds lo create something thal deliver8 the experienr£ that will ready this gen8r8Uon for the fuiure.
As Wkth the future of our chitrJren. the next 5 y8ars is excitiro, fvll of incredible opportunltl&8, With a community
that has 8 desire lo improve and an attilud8 lo progress the next phase of life that wlll shortly appear on the
horizon.

HOE BRIDGE SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT} (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
PUb￿C Ber
In planning the aCtI￿￿eS for the year. Ihe GDv8rrM)rs have h￿j regard to Ihg Charity Comrllis8lOWI'8 guidancg on
publlc benefit and in parttcular ils supplementary guNJance on advancing education and fee charging. The
athlugs bgnefiled both the adults and thiklTen of Woking And rts surrouThllng area and do not glve rlse to any
delrfment or hami to the public.
Th8 Gov8mors ball8v8 that thé bursary systèm is 85senlial to ensure that children from families who would
othèrwisè bè unable to afford the SCho￿,s fees may still attend the S(*ool. The Govemors keep the Scho￿.
Bursary policy under constant to help ènsur8 thg obp¢tsve of widef a¢cess ¢x)ntinues lo be a¢hlèvad.
Th6 bursary 8yStem is available to anyone who meets the School's enty requirements and based on the parents,
eans or In cases ol hardship. where a pupil's aecess lo ￿￿ttnUed educauon at the sch￿)1 is al risk. for
example, in case of redundancy. Th6 Govamors. in cattylng out thè means t8Sting, havè regard lo m8ny matters
Including but not limited lo family incomg, Investrnents, 5awry and personal circumstances.
Durfng the academic year, 8 pupils wor8 awarded mèans t8Stbd bursartas 12022-23.. 41. Awards of bursaries
amounted to £40,344 knis yfar, incr9888 from £33,9LKJ 2022-23. Scholar8hips wlh monetary valug wFie
awarded for the fir81 time, to 5 pupyls in the Senior Prep and amounted to £11,034. Sibling discounts. wh￿h help
fatnilies to send their chI￿ren to the same school. were £88.723 this wr12022-23.' £72,760). In addition, the
School gave diseounls tg slaff at a feg value of £186,944 12022-23.. £194,000). Staff discourts arg 8 wgy of
providlng assistanc¢ to key WOTk8rs. The arTV)unt made available for means tested bursaries t(yJelh8r with all
Other ¥w8rds represents 4.0% of Gross Fee Incc¥ne12022-23: 4.4%).
The School does not have any end(bWmellt and so in fvnding the bursary System the Govemor8 have to ensure a
proper balanc6 beiween fee paying parents. who are r¢cognisgd as maklng pgrsonal Sa￿fiC¢S in order to
educate their chlldreh at the School, 8rKI thosg vtho 8r9 8w8rded bur88rig8.
A numb8r of outreach aclNities were undertaken durfng the year in support of bcal charftles and schools, at no
cost tts the participants..
Headrnasler is an 8cUvè m&M￿rof a k)cal state Sd￿)1 partner5hip- WSLP
Donauons of books to local stsle schools
Harwesl donatK)n to Woking Food Bank
Free use of facilities to local crick81 dubs
Hire of classrooms & lacilitles at subsidised rates to bcal ￿nguage schwls
Lijcal school meeting sx)int- various DSUAsslstant He3dIHeadleaC￿r training or host centre
ITrust donation I￿ps)
The School has a ￿licY of optimislng the use ol the School's sporung and other facilllles vla th6 local comrnunity.
During the year the School made its buikllrvjs. grounds arKI 0th8r rewrc85 availabl8 8lth8r 81 fully subsldised
rat95 or at rates below commer¢t811ovel$ the putAic benefft of bcal thildren in the followng organi8alions'.
Pyrford Cricket Club
Woking and Hot5ell CriGket Club
Rajasthan Royals Academy
Mandarin, Portuguese & Italian Languag6 Sch(
Hoe Brtdge pupils and the Sc*ool comnwnity regularly tak8 part in fundrai￿ng aCt￿lti8$ ts I￿1 8nd national
charities, m*)st of which are chikjren bawl (￿u￿. Durfng y8ar, lunds were raised for the fclkjwing charfdes..
Cha116ngors
Wave Wrangler
Children in Need
Woknng Swlmathon (Rotary Club ofwokingl
Thè Royal British Legion
Ma(millan Cancer Support
Just One Tree

HOE BRIDGE SCHOOL LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
This year, as in the past, the School chos8 to support fvKJ ¢hantie8 through an open vote by tt)e childrgn and
stsff. Th&se ar8 èxplained further t*bw.
Challengern..
Challengers is a eharity that gives dlsabled chikjren and ycung people tho opwrtunity to play, have fun, and
make fiiends in a safe and supportlve environment. AsKJè from being fvn. ￿aY is essential for a chlld's eognilive,
physical, social, and mèntal wè11￿1ng and de￿￿pMent. Through piay, ¢hildren learn to build conffldgn¢e. self-
esteem, creallvity. arKI how to interact ￿th Othors. Sadly, tt>) many dlsabled young people miss out on play every
day. There arB many barriers stopping dISab￿ chijdren from pl8yirvJ- from physical impaim)6nts and a lack of
accesslblè play faulitses. to Ime. mon8y and supporL
That's where Challengers eoJnes in. .they ￿MoV￿ thèse barriers by prowdlng truly Induswe play and l&lsura that
everyone can ènloy and j¢>in in with. m mattar how ojmplex their needs are. Young people cen go lo thelr Pre-
school. Play and Youth schemes and ex￿[lence the same fun ar￿ friendshlp 8s their non-disabled peers, with
activltias adapted to SUVL their unique individual needs.
They hava bèèn passionate champions of inclusi￿ since the charTty was establish￿ in 1979. and more than 40
yoars on, Chalengers has grown 19 provKfe smiles and18ughter to IhoLwnd8 of disabled ¢hildrgn and youn9
peopl8.
Wavg Wrangler:
Wrangler IcK>ks to bulld awareness of Ilvlng WI￿ anhythrnia through Of￿a￿aSed exp8dthns. Through
hcisting ev&nls, expeditions and thallenges. the c*arity rais8s funds lo help pgople of all agès deal with the
compli¢alions of arthythmia including the donation Oi Ib saving devi￿.
Following 5 years ot being In and wl of hOs￿t￿lS tryirg lo rnaintain a ragutar heart rhythwn, ElliDI Awln b8trAmg
the recipient of a CRT-P device Ipacemak8rl In February 2020. Tho experience of fully 'living" th8 frustrslions
that go h8nd in hand wth an iT￿gUlar hèartbeat, induding mulliple (ardM)verslMs ted Elllot lo found Wave
Wranglèr. A charity wlh a mlsslon to holp those Iwing with arthythmia.
As a charity, Wav6 Wpangler wll use The World's Toughest Ruw. and other Ocean Rowlng events to rais& funds
to support thosè Ilving with known and unknown heart rhythm Issues. In December 2023, Elliot Awin took paTI In
the event solo. As a reciwenl tsf an implanted pacemaknng devi￿. he hopes to show that. although il d)anged his
lifg, the possibilidas for adventure are still vasd In 2023. founder Elllot Awn was the first lo row an O￿an
th a cardiae p8clng dèvice.
Overall during 2023-24. including amounts fdtsed by the Sth¢x)I's parent corllrllittees, the sum of £22,842 was
raised for the charities namÉd aiM)ve. Of this amoun( £4,085 was paid out to the charfties before th& year end,
whilst the remaind6r will b8 paid out during 2024-25.

HOE BRIDGE SCHOOL LIMITED
TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Strategic report
The description under the heading5 'Achievements and perfom)ance" and 'Financial review meet thè company
law requirements for the tiustees to present a strategic report.
A¢hievements and performance
The edLSC3tion across the School continu8s to be dynamic, inspirational and successful,. with the pupils
developing their skills and thirst for knowledge from an eady age. As well as academic success, Sporting, musical
and artistic success is celebrated throughout and taken together help produce 'Happiness. confiden￿ and
Achievement. in all pupils. The results below of pupils, progression lo senior schools of their Choi￿ reflect all that
we do at Hoe Bridge and are a team efft)rt'.
Leavers 2023-2024
Year 6 Leavets
Year 8 Leavers
Toial
Aldro School
Chartarhouse School
Cobham Free SchDoI
Frensham Heights
Guildfoid High School
Gordons School
Hallrford School
Hampton School
King Edward's School
Lord Wandsworth Co119ge
Reed'5 School
Royal Grammar School
Salesian College
Sidcot School
St Catherine's School
St George's Ascot
St George's Weybridge
Sl John's School
Sl Teresa's School
Sir William Perkins School
W8llington College
H08 Bridge Senior School
TOTAL
20
53
20
26
79
More details including a video and 8 photograph gallery can be seen on our website".
.hoebridgeschool.co.uk. Thes& reSLJlls, together with the SchDoI's other educ8tion81, recreational and
operational activities. satisfy the Govemors that it has achi8ved its aims for the year.

HOE BRIDGE SCHOOL LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
Financial rgvigw
The financt81 and aeademie year 202&24 has a su(tsssfvl year, wilh wpils fulw Immerseil in school lif8,
par￿cIpatIng in trips and other 8ctivlbe5.
The results for the year and the finaniaal posibon of th6 School arè as shown in the annèxed financial
ststemenls. The School monitors its financial perfotrnanc8 agaln81 a series of Key Perfomiance Indicators
budget variances, cashflow forecasts, pupil.'tsacher ralk)s. staff cost ratios, debtor 18vèls and b¢)rrowirtg
covenants. Most results achieved for the year were ¢x)nsistgnl wth or better than the Kgy P8rf0rrnan￿ Indlcalor
targets..
ar
chI•￿m•nt
532
10.6
3,904
16.1%
Pu
il numbers
av8r8
Pu
il.'Teacher ratio
Bad debts
Borrowl
10.1
rètk>1Smlt
50.0%
Income
The financial stalements slKtrw r*1 irwming ￿soU￿ for the year of £771.512 12022-23.. £340.234}. The
principal source of income is school fees whi(* accounlgd for 88.29¥.12022_23.' 90.01•AI of tha School's gross
income this year. The remaining inc4Jme was derived from wrap-around ca￿, extsBvcurricular 8ctlvities, holiday
camps and local authority SDurces lor dedicated classrwm supFK)rt to pupils with identified needs.
Charitable Expenditure
Total charitabFe expenditure Increased by 16.59% from £6,882.927 to £8,024,480 88 a Tesult of Incrèased pupll
numbeTS and inflationary pressures on costs incurred du11￿j the year a3 well as one%)ff costs r6laas&d to the
SOFA in respeot of the senior sch(x)I proje¢
Ros•r¥8s polley
Note 19 to the financial 5talemenls s￿)WS assets and liabililies attributable trj 1h8 fund. UnTestricted funds
amountéd to £10,246.581 12022-23.. £9,475.069} bui £12,498,085 1$ investsd in fixed assets. There are no
r6stri¢tod funds held as at 31 August 2C124. The Govom(xs have detemiined that Ihe approprioto levsl of fre8
re8erve8 which are not inve8ted in langibie fjxed assets strh)uhl be equNal8nt to weeks or one school
term's expendi￿re {appTOX. £2,000,OCMI excluding depreuation}.
The free reserve8 do rK)t meet the target reseryes poSicy as at the babnce sheet date. Howèvèr, the Governors
are satisfied that the strength of the School's ba￿nce sheet. reatistic financial and cashflow forecasts from good
puwl numbers across all year gr￿jps. the Ong￿ng FM)wtanty of our Sch(xJl and the availability of banking
faolities provide thèm with SLJffidènt ¢onfidenc& for the Sc￿)r5 financial lulure.

HOE BRIDGE SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
The tnJst&ès hav& assessed the major risks to YthKh the S(*ool is exposed. and 8re $8ti8figd that systems ar8 in
place lo mitigate exposur& to the major risks.
The main risks to the School are the ¢urr9nt wTrltbcal and economic pr￿s￿raS on thè sactor, wpil recruilmenl
and rotenlion, Complian￿ vAlhln an ever-charoing regulatory en￿r￿mOn( m8intAinlng a healthy financial
status. recruillTrJ and retalnlng hlgh ￿lIbre teachlng aThJ support staff anLI pre8eMng the excellent reputation of
the School.
Our pkns and strdtegles for managlThJ rlsk Indude=
an annual review of a Rlsk Register
* a programme o18ctiwUes promoting the bèn8ffls of thg SG1￿1
an established organisats'onal stmcknr8 dear lin85 of reporllng
forrnal writtgn ￿lueS that grg reVi8V￿ and updated reguL4rfy
annual staff updatss of regulat￿ chang8s. est*dally for 5afeguardiThJ
comprèhenswe strategic planniw, bLJdgèting and management accounting
proactive steps lo address k￿wn and anti￿'Pated threats
clear authorisatlon and approval leveL8
robust staff wruitmenl pr(Ledures
b8iro lully prepared for regulatory inspoctr)ns
dèlivering cLJnsistentty oxcBllenl resuRs for our pupils
malntaining strong Ilnks Wtth parents.
Plan$ for ft41uro p6rlods
Future Deve
ènl Plan
A key focus for future pedods continutss lo be the development of crtjr S8nlor Sthool offering, wth our first cohort
of pupils CDmmencing Yèar 9 in September 2025. Ple￿ lo Our 5 Year Vision on page 1 for futher
information.
Teachin
and Learnin
To continuo to keep abrè8St tsf Na￿nal CuThloJlum dovek)prnents aryj changes to Common Entrance
gxamlnalion Syllabu￿8. To further improve curriculaT link8 beiween the Prep and the Pr&Prep Schools. To
continue to provide a fiTSt class all rou￿1 èdu¢xtion for its pupils. To increase Ihe use ol ICT acr03s tho
curriculum.
staff Dev810
ment
To furth&r dgvelop optimum staffing 1gvg1s,' and to C4)ntinue lo plan. delNer, wnonttor ar￿ evaluate profe58bnal
devèlopmgnl for all leaching, non-teaching staff and Govémors.
Facl
To continuè to devdop and Im[￿Ve th8 tsthic and fauliti8s of Ihe Sth(KA.
ICT
To eontinu8 Investing in Ets rtrlling reFAacement and mobllè technokw PTogrdmrnes lo equip dassrooms across
Pre-Prep and Prep Schoo]s with approwi8te facibties lo enhance their edue4tional oxperience.
rsari
To continue to malntain and develop the bursary scheme to provide aS￿Stance with fees in appropriate cases.
StYu¢ture. goveman¢g and management
Hoe Bridge Schth)l Limltèd Is a charitable company Inumber 02086298) limited by guarantee 8nd has no share
capital. The School w88 established under a MerTh)randum and AA'clès of Associati￿. which establlshed the
oblectlves and powers of the Schcx)l and is govemed U￿er rts Artklès of Association. The School was ftsrmed on
30 De¢¢mbgr 1986 and b6cAmè a registered charity. number295808. on 12 January 1987.
The govemir¥J body is a board of Gov8rNJrs whith mL￿l c￿s[SI of a minimum of three and not more than twenty
one n￿mberS. As Hoe B￿0 sctrmx￿ ￿rnited is a company and a d￿rity. the &)vemors ara 8Jg0 thg directors
and trustees thereof.

HOE BRIDGE SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees. arg also the directors for the purp￿ of ￿mpanY law, and who served during the year and up
to kne dale of signatsJre ofthe finanaal statements wero..
Mrs S EAmold
MsSEWBaber
MrlPK8tté
Mrs S J Lacey
Mr T G Smlth
Mr G Vorfty
Mr P L Walton
Mr R J Williams
Mr J L Patient
MrTG Pipe
Mr8T Cooke
MrDAFox
(Resign￿1 3 December 20241
(Resigned 26 March 2024)
(Appolntsd 26 March 20241
R￿NItmartt and Tralnlng of Governors
All Govemors are (XwI￿1. The Board rewews rEs c￿StitU6ncY on a regular basis. analysing the skills available
lo 11 and idgnlfying any gaps there might be. The Board recrulis addit￿nal Govemors, whon required. Irom th&
parent body, friends of the School, businesses and professions so as to malntain thg full range of sknlls and
expertise requlred lo ensure the (x)ntinuing giKKJ practi￿ of the Board, and so to enhan￿ the ovgr811 strategic
m&nag&mènt of thè School. A list of potential Govemors is maintained. Potential Gtsvemors are initlally
Inlarvlewtsd by the Chair and the Headmaster and then Intr(xJuced lo the fijll Board. All new Governors arè issued
with the AGBIS "Guidellnes for Govemo￿. handbook. In addtbon tr) briafirus from the Independent Schix)18
Council, Independent Assoelallon of Preparatory Schools and the Ind&pondent Schools, Bursars ASs￿ration,
Governors may also attend seminars and workshops organised by professional bodk* on topics of interest
including the imp8ci of new legI￿atIon and reguLati￿ on edU￿￿onal charities.
The trustèÈs havè eonsidered the guhlance Issued by th9 Charity Commission in respect of the Govemanc6
Cod8 and confirm that the trustees are aware of Ihe seven principles set out wtthln. The tnjstees continup to
slrtve fL¥ best waCtI￿ and are ensuring the Code is adhered to in the pdirA6s artd procedures Implemented by
the School.
The Govemors as trustees of the School 8ra iagalfy responsib￿ for the overall man8gemenl and eonlrol of tt
School and rneet lormally thr68 timès 8 year. The &)vemors are also ￿preSerrfed on functional SLIb￿mmIttees
for FinanTr & Bursary and Educabon & Welfare to enabie eff￿tiVe and dif>gènt gov8rnan¢e. These sui
eorntnittoes meet wce per terni and report into Ihe fijll ￿MIng t*Jdy at its subsequent meeting.
Acting in accordance with the vM$h&s of th8 Board. the Headmaster ha8 strategic responsibllity frjr the dirgction of
the School as a whole. working with the Plead of the PrG-Pr8p Sch(M)I, assisted by Ihe Sonior M8nagemenl Team
and tho Bursar. The Headmaster, the Head of 1hè Pr8-Pr8p School, the Bursar an¢J the Clerk lo the Govamors
allgnd all fomal meelings.
Key management personnel aro conslder8(I to be the (&Nerrxy5. who are unpavj in their ro18s as Govemors,
and the Head, Head of Pig-Prep and the Bursar. The Govomors are re5pon5ible for setting ramuneration of key
rnanagemenl pèrsonnel. In settir)g tr￿1r remuneratbon, th8 Governo￿ take note of national pay scales. indivldual
p8rfDmian¢e and internavextemal benchmarking as necessary.
The s¢￿01 has no offlcial arrdngemenl wth olher pth'es or c*artties nor has It 8nt8r9d into any transactions in
which the Govemors had an inieresl. other than disdosed wlthln note 22 to tho fin8ncial statements.
Audltor
In accordance the company's arb'cles, a resolution proFN)sing that Azets Audit Servic95 be reappointed as
audiior ol th8 wmpany will be put at a General Meeting.

HOE BRIDGE SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST2024
Oisclosur• of Inforni•tion to audltor
Each of the trustees has Conflrmed that there is no inforn)at￿n of whith Ihey are aware which is relevant lo the
audit, bul of whl¢h the auditof is unaware. They have further Lxnfirmed that they have taken appropriate steps to
1d9n1￿ such relevant Infomiation ond to èstablish Ihat the auditor Ls aware of such infomiation.
The trustees. T￿Ort {IM¢orpordling the directOTS' report) was 8r¥Yoved by the Board of Trust￿.
Mrl
Katté
Dat8
£t

HOE BRIDGE SCHOOL LIMITED
STATEMENT OF TRUSTEES. RESPONSIBILrriES
FOR THE YEAR ENDED 31 AUGusf2024
Thg trustoe$, who 8r& 8180 the directors of Hoe Bridge Sch(K)l ￿mited for th8 purpose of company law, are
ro8pon8iblg for preparing the Trustees, Rwrt and the fina￿al stalements in a¢wrdance applhxbl8 ￿ and
United KirvJdom Accounting Standards (Unitéd Kingdofn GeneraltyAccepted Accounting Practicel.
Company Law requir88 the trustees to prepare financi81 statements for each finanL¥al y&ar which gN8 a tru8 and 18lr
view of the state of affairs of th& Schod and of thè intr)ming resources and appliraty)n of resourcAs. Indudlng th&
income and expenditure. ofthg ¢harilable ¢x)mpany for that year.
In preparing these finanThal statements. the trusteBs are r￿uired to:
- select suitable BccountiThJ pollcles and Ihen appty them wnslstenty.
- obsaNa tha mèthods and wnelplès In the Chaiitse5 SORP..
- make judgernants and &sllmates that are rèasonable arKI ￿￿ent.. and
- prèp8ra the finan￿al 8ts1ements on the going ca)ncem basss unkns tt is inapproprfate io presumg that Ihg Sthwl
wlll continue in operation.
The truste95 are iesponsiblg for keeping adwuale ac(ounling records that dis(*)se with reasonable accuracy al
any line the ffinancial po8ilion ol the Schwl and enable them to ensure Ihat th8 financial statements wmply wlh the
Companies Ad 2006. They are also responsible for saf6guArding the assets of Ihe School and hence for tsking
reasonablo steps for the p￿venti¢)n and do￿ti{￿ of fraud ar¥J other irregularities.
The tNstees are responsible for the malntenancg and int9grity of charity and financAal Information included on
the School's website. Legislal¢)n in Ihe unit￿ Kingdom wveming the preparation and dlss8mination of financlal
statements may differfromlouislalion in otherjurisdictions.

HOE BRIDGE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF HOE BRIDGE SCHOOL LIMrrED
Opinion
We have auditsd the finanaal stalerrEnls of Hoe Bridge Schwl Limtted Ithe'schoof) for the year ended 31 August
2024 which comprfse the ststement of financial a￿Vibes, the balance sheet, the 51aterrent of cash flows and the
notes to the finan￿al stalemenls. induding a summary of signfficant accounting wJlicie8. Thg financial ￿portIng
framework that has been applied In thelr preparation i% apFlicab￿ Law and Unrted Kingdom Accwnting star￿ardS,
including Financial Reporbng Standard 102 The FIFpanu'BI Reportirt9 Standaftl applicable In rh& UK and Republic of
Ireland (United ￿ngdoM Generally Accepted A¢￿)Unting Prackn"cel.
In our oplnlon, the financial statements..
give a truo and fair view of the state of Ihe Charitab￿ o)mpanYs affairs as al 31 August 2024 and ol
incoming reS￿rCeS and application of resou￿. Induding its In￿lMe and expendilure, for the year then
ended.,
have been propgrty preparod In accordance wtth Vnitod Kingdom Gentsralty Acceplod Apx%)unting Practice.,
and
have been pwepared In accordan¢8 with the wuirements ofthe Comp3nle8 Act 2006.
Basis for opinlon
We conducted ovr aUd￿t In aceordance wlth Inlemational Slar￿all$ i)n Aud￿ng (UK) IISA% IUKII and applicable
law. Our respons1bililies under those starvjarils are fvrthgr described in Ihe Audrforfs rosigonsffbilitles for the audlt of
fh& fjn8nol41 slatsments seckn'on of our report. We are independent of the &thool in accordance with the elhl¢al
requirernents that are relevanl to our audll of the finar¥ial statsments in Ihg In¢ludlng the FRC'S Ethical
standard. and we have fulfilled our other ethical resp￿sIt￿lI￿8S in accordan￿ wth these requiremènts. We b8li&ve
that tha audll ovidenGe we have c*lained is sufficient and at¢Yopriate to prowde a basis for our opinion.
Concluslons rglating to going concern
In audlllng the fin8n¢i81 stslements, we have Conduded that the truytees, use ol tha golng ¢oncem basls of
)unling in the preparation of the financial staterr*nts is appropriate.
Based on the worti we havè perfomied, we hav8 [￿1 Id9nti￿ any matsrial Un￿rtaintieS relating to events or
condldons that, individualty or cdlectively. may (2sl Signifi¢￿nI dwbl on the School's ability to wntinue as a golng
con¢¢rn for a peiiod of at loasl twgjve months fr￿n when the finanaal statements are authorised for issue.
Our responsibilities and the responslknlt￿S of the truS￿S wth t9sp￿t to rnrH*m are described in the
ral8vBnt sactK)n8 of thi8 rew)rt.
Othor Informatlon
Th8 other Information comprfs8s thè informathjn induded in Ihe annual re￿rt olher th8n th8 fln8nd81 statements
and OLJr auditoi's report thereon. The trustees are responsible for the other infomiation r£sntained within the annu81
report. Our opinion on the finarrial statements do&s not covèr the othar informauon and, eX￿p1 lo the exl8nt
otherwise 8xpliciUy staled in our raport. do 8xpress any fom of as8uranc8 conelusic>n thareon. Our
responsibilty Is to read th8 olh8r Information a￿1, in dryng so, consider whether the other information is tM81grialty
inconsistent wth the finan(aal statemenls or knowledge c*Jtsined in the o)urse of the audiL or otherwise appears
to be materially misstated. Jf we identify such mat8ri81 ints)nsisténciès or Apparènt m8t8rial misstat6ments, We are
requSred to dgtsrmine vknether Ihis gives rise to a mateiial misstatement in the financial statements themselves. If,
b&sed on the work Yve have performed. w8 condudtr that th￿￿ is a matertal misstatement of this othsr infomiation.
we are requlrèd lo reF￿rt that fa¢t.
We havg nothing to report in this regard.
Oplnlons on other matters proscrlb•d by the Companlès Act 2006
In our opinion. based on the worf( undertaken in the course of our 8udll".
the Infomalion given in the trustees. rewt for Ihe finandal year for whlch the ffinandal statements are
prepared, which Includes the direCt￿S. retM)rl prèp8rBd for Ihe purpDSèS of cornp8ny law, is ctsnsistent ￿th th
finanaal statements." and
the directors, report induded vrithin the t￿￿e8s. retxjrt has been pyepared in aC(xxdaF￿e W(th applicable18gal
requirements.
10-

HOE BRIDGE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF HOE BRIDGE SCHOOL LIMITED
Matters on whlch we are requlred to rgport by exception
In Ihtr light of the knowledge and understandin9 of th8 School and Its envlronrnenl obtained In thè course of the
aud( we have r￿t identified material misstalgm8nts in the direclors, reP￿t Included withln tha trust8es' reporL
We have nothlng to report in respgrt of Ihe folkn¥ing matters in rejauon tg whith the Companias Act 2006 requires
us lo ￿port to you rf. in our opinion-
adequate accounting records havè not been kepL or rebjrrts adequat& for audit have not txen recelved
from branchès not visilèd by us., or
the financlal statements are not in agreeThnl wth the accountsNJ r8(x)rds arHJ retums. or
certain disck)sures of trustees, remunerdtk)n specthed by Law are not mado: or
we have not received all the information and gxplanab'ons we require fr)r our audit or
Re$ponslblllt1￿ of trusteos
As explained more fully in thg statement of Irusiees, rvspon8ibilthes, the trustees. who Br8 also the d1￿CtOrS of the
School for the purpose of cornpany law. are r&swnslble for the preparation of thè financial statements and for being
satisfiad that they givè a tru& and fair vlow, and for such internal control 85 the trustegs determine is nè¢essary to
6nablè thè pr6parètion ol fin3ncial ststements that are free from rnaterial misstslemenl, wh&th&r due lo fraud
8rror. In pr8paring the financial statements, the trustees a￿ responsible for assessing tha School's ability to
continue as a going C4)r￿ern, disclosing, as appli(*b18. mattws related to 90ing Goncem and using the going
coneèm basis of 8m)unting un18ss t￿Stee5 either intsnd to liquidats the charitsble company or to ¢&8S
OP8ralions, or have no realistic alternative but to do so.
Audllo*s r8spons1blllt￿S for thè audft of the ffn$n¢lal $tatements
Our objèctives are to obtain reasonable assurance ab(Mrt whether Ihe financia] stalem8ntS 88 a whole are free IrDm
material misstat8m6nt. w￿ther duè to frawl or error, and to issue an auditorfs r&rKJrt that includes our opinion.
R&asonablÈ 8ssur8ncè is a high lev81 of assurdnce bul is rKJI a guarantee that an audit ￿ndl￿ted in accordancè
wlh ISAS IUKI will aknjays delecl a material misstatem￿1 when it exists. Misstatgments can aris8 from fraud or
error and are considered malerial if, individualty or in thè aggregate. they (x)uld reasonably be 9Xp￿ted lo influenc
the economlc decisions of LJs6rs taken on th6 basis ofthètse finan¢ial stslements.
A further descrfpllon of our responsibilities is avalable on the Flnand81 Reportrng Coundl's webstie at.. htty)sJl
www.frc.org.uklauditorsresponsibililies. Thks description foms p8rt of our auditorfs report.
11

HOE BRIDGE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT (COKllNUED)
TO THE TRUSTEES OF HOE BRIDGE SCHOOL LIMrrED
Extent to which the audit was considered capable of detsctlng Irregulaiities. including fraud
Irregularities. including fraud. are instances of non-complia￿ with Lqws and wulalions. We design procedure8 in
Ilne ￿th our re5ponsitsliknes. ouuinpd abov& and on the Finan¢ial R0POrtiny Council's website. to detect materlal
misstalem8nts in resp8Ct of i￿egUlarities. induding fraud.
We obtain 8nd updatg our understanding of entity, ts activities, ils ¢x>ntrol environm8nt. and Ilkely future
dovelopmenls, including in relation to the legal and regulatory ftamework applICab￿ and how the entity 15 ¢tsmplylng
with IhBI framework. Based on this understanding. w8 id8ntrfy ass6ss th8 risks Df material misslalgmenl of the
financlal statèments. whglher due to fraud or error. deswJn ar￿ perform audi¢ proc9dures rgsponsfve to tF¥)se risks,
and obtain audit evidence that is suffiaenl and appropriate to prowde a basis for our opinion. Thls Includes
considerath?n of the risk of acts by the entity thal weTe (￿n1[ary to applicab￿ laws and regulations, including fraud.
In response lo the rtsk of IrTegLJlaritles arKI rK)n-¢(mpliance ￿ laws and reguktlons. IndudSng tra￿, we designed
procedurès whlch Indud8d=
Enquiry of management and those d￿rged wlth ￿vemance around acknal and potential liligatiun and
elalms as w811 &4 actual, su$￿￿ted and alleged fraud.,
R￿V￿wIng minutes of m8eb.ngs of those charged with pvemance"
Assessing the extent of comp1Sar￿e wllh the Laws and regulations conshlered to hav8 8 direct malerfal
effect on the finaneAal stat8m8nts or thè 0￿ratiOnS of thè èntity through Q￿Ulry and inspection,.
ReV￿￿An￿ financi81 stat8ment disck)sur8S 8nd testing lo supporting d￿umont8t￿n to assess compllance
wtlh 8pplicabl818ws and regulations..
Performing audit work over the risk of management tsas and override of controls, including testing of
journal entries and other adjustments frjr 8ppropriatènoss, ev8lu8ting the business rationale of significant
transactions outside the nomial Ixyjrse of IHJsiness aThJ rewewing a(xx)unting estitllatgs for indicatr)rs of
potential bias.
BeGau50 of Ihg inhorenl limitstion5 of 8n audit, there is a rlsk Ihat we wll not delect all ITregularflps. including Ihose
loading to a matenal misstatement in the financial slatements or non4compllance wlh wgulation. Thls rfsk
increases the more that compliance wth a Eaw ￿ regulakn.on K8 removed from the events and transactions refle¢18d
In the fflnancial sla16m&nls. as we will be bss likety to become aware of instsn¢&s of norwmpllance. The risk of
not detecting a material misstatement resurting from fraud is higher than lor one resulting from &rror. as fraud mèy
involve collu￿On, forgery. intentional omlswons. misrepresentations, or the override of internal control.
U89 of our report
This report is made sdety to the tharitable companvs M￿bers. as a body, in acoxdance with Chapter 3 of Part 16
of the Companies Act 2006. (Xjr audlt wtsrk has ￿en undèrtakèn so that we might state to the d)arilable companV8
members thosè mattèrs wè 8ré r8qulrgd to stste io them in an aLJditoffs rèport for no other purpose. To the
fullest gxlonl pemitted by law, we do not ￿ept or assume responsibility to anyone otrler than Ihg charitable
wmpany and the charitable company's members as a tr*)dy. for our audit work, for ihls repoTL or for th8 OPIn￿￿$ WO
have forrned.
Dobra Saundors Bs¢ FCA {Senlor Statutory Audltorl
for and on bèhalf of Azets Audit Servlce5
Charterèd Aeeountsnts
statutoryAudltor
9 April 2025
As￿rnbe Court
Woolsack Way
Godalming
Surrey
United Kingdom
GU7 1LQ
12-

HOE BRIDGE SCHOOL LIMITED
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST2024
Unrestrleted Unrestrl¢t8d
funds
funds
2024
2023
Notss
Come and endowm
Grants
IncL)me from charftable athvltie$
Other Income
ts from,.
79.592
92,946
7,765,713 6.501.896
950,687
628,319
T¢)tal In￿0
8,795,992 7.223.161
Ex 8ndlturè on:
Anatysl$ of gxpendlture on chaiitabl• acthhlès
8.024,480 6,882.927
Nel income for the yearl
N•1 movgment In funds
771,512
340,234
Fund balances at 1 Soptefflber 2023
9,475.089
9,134,8
Fund balances at 31 August 2024
10,246,581
9.475,069
The slat8menl of financial activities indudes all gains al￿ losses recognised in tho year.
All Income and gxwndlture d8rlve from c¥)ntinuing actlvlties.
The statement of financlal activlti8s also cDmplies the requiremonts for an incoma and expenditure account
under the Companies Act 2W6.
13-

HOE BRIDGE SCHOOL LIMITED
BALANCE SHEET
ASAT31AUGUST2024
2024
2023
Flxod ass•ts
Tanglble assets
12
12.498,085
12,049,751
Current a558ts
Debtor8
Cash at bank and in hand
13
1.492,172
3.535,750
1,673.(ffi4
362.123
5,027,922
2,035,187
CMdltors: amounts falllng duè wlthin
tsno yoar
14
15.580,7331
13,377,817}
Nel Current liabilities
1552.811
11.342,6301
Totsl #$$o18108s ¢urront Ilabllltles
11,945,274
10.707,121
Credltors: amounts falling due aft•r
more than one y¢•r
16
698￿3>
11.232,052}
Net as$•ts
10,246,581
9,475,069
Income funds
Unrestricted funds
eneral
General Un￿strICted lurKts
Revaluation roserv8
8.992,311
1,254,270
8,220,799
1.254,270
10.246,581
9,475,069
The financial statements wère approved by the Trustaas on.........................
Katté
eg
Company Reglstratlon No. 02086298
14-

HOE BRIDGE SCHOOL LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notos
Cash flows from oparatlng activiiies
Cash generated from operations
23
4,205,790
959,645
Investlng actlvllles
Purthase of tangible fixéd assets
Proe8èd8 fvom di$p05al oftsngIt￿e fixed
assets
1952,6751
1561,4121
750
N•t eash usèd in investing activities
(952,6751
(560.6621
Flnanelng aetlviti
RepBymant of bank loans
(79.4881
(79.487)
Net cash uud In flnanclng actOvW•s
179.488)
179,4871
Net Increase In cash and cash equlvalents
3.173,627
319,496
Cash and cash 8qvlvaltrnts al Wlnning of year
362,123
42,627
Cash and ¢#8h équlvalerts •t end of year
3.535.750
362,123
-15-

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
Accountlng pollcl•s
Th8 signifi(xnt accounting polici8s applied in the ￿parat￿)n of these fjnanclal statements are set OLAt be￿w.
Thèsè polid8s have b8an tt)nsistènlly applied to all yeats presented unless olhernise slaleil.
Charlty Informallon
oe Brfdge School Llmited is a chaiilable Gornpany limtted by guarant£8 incory)orated in England wlth
C￿panY mglststion numbèr 02086298 and charity number 295808.The registtrrod office is Hoe Place, Old
WO￿ng, Woking, Surrey, GU22 8JE, Unl￿1 KIn￿l￿.
1.1 Accountlng eonventlon
The finan￿BI stat6m8nts havè b88n prepared in ac>XTdan￿ with the Sd)ool's Artides of Associauon, tho
Comp8nies Act 2006 and 'A¢￿untIng and Reporknng by Charitses: Statement of R8¢ommend8d Practice
applicable to charities preparing thelr acLx>LSnts in ac¢x)rdan¢g wlh the Financkil Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) leffecttve l J8nuary 2019)". The School Is a Public
Benefil Entity a$ defined by FRS 102.
The finandal statements are prepaTed In sterfing, which is thts ￿rnett￿al currency of the School. Monetary
amounts in these financial state￿ntS are rounded to the rbearest £.
1.2 Golng con￿rn
After reviewing the SchoJfs forecasts and projedio￿, th8 trusteos have a reasonable expgctalion that the
School h&$ ad8quate resourc8s lo ￿n￿nUe In cyeration for the fO￿see?￿l9 future. The School therefore
continues lo adopt the g￿n9 concem b8¥is in pr8parfrvJ its llnanaa5 stslements. However, nol all fijlure
events or conditions (an be predicted and the tnJste85 8(klres8 S￿1)firs1￿ any risks to the School'8 finAncial
fuiur8 in thè Financial Review SGcbon of their annual report.
1.3 Charitsblg fvDd¥
Unrèstrfctad funds are available for us8 ai tho dk%uebon of Ihe tNstees in furtheran(* of Ihelr tharitable
Objec￿Ve$.
1.4 Income
Fees receivat￿e are accounted for in th8 peri¢yJ in which tho Servi￿ 15 provided. Fees receivable are ststod
after deducbng allowances for scholarships and 01her remissws by the SGhty)I from its unrestricted fund8.
Grants are Includad in the Stat8m8nt of Finanaal Activitses M a receivab￿5 basis. The balan¢e of income
received for specific purFK>se5 t￿1 r￿t eyn(Jed during tho P6ri1KI Kg shown in the relevant furKl8 on th8
6a]ance Sheet. Where income is re￿iVed in advance of entitlement of receipt ils recognition is deferred and
included in cr6dItr￿ as deferred inoome. Where entiuement ocujrs beft)ra income is rgceiv8d. thè Income is
8¢¢rued.
Government Grants
Governmgnl grants ar9 included in the S18teTn8nl of Finarrial ACI"v￿eS on a reCeiVa￿e basis. Thè In￿rne
received and related experKlilure are included as unrestriGled funds.
16-

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
ACCour￿ng pollelo8
Icontlnuedl
1.5 Expendlture
Exp8nditure is recognised once there is a legal or c(￿StnI￿a obl￿atrOn to transfer e￿￿OrnIc benefit lo a
third paty, it Is probable that a transfer of eo)nomic benefits wjll be requited In setuerngnl. and the arnount of
the o￿lgatIon CAn bè meawred reliabty.
Expendllure is dassified by advrty. Th8 costs of each activlty are M￿1$ up of the total of dirgct c08ts and
shared costs. induding support costs Invofv&Y in underta￿.ng each 8ctivity. Direct costs attributable lo a slngle
activity 8ro alloc•t8d direclty to that acliwty. Shared o)sts whith contribute to morè than one actfvity and
SUPPDrt costs which are not attributabk to a slngiè advtty are apportioned b￿￿ern trose aclivilles on a bas1$
consistent with the use of rBsourc&s. Central staff o)sts ate ￿lOcat￿j on th8 basis of ts'M& spth, and
depreciation charges are 8lloc818(l on the pOrt￿)n of the asseys us?.
All expenditure Is accounted lor on an acwals ba8t3. All eXp￿ndItUre is dasS￿￿ under athily hoadlngs thal
aggregate all costs relatéd to the Catewry.
Charttsbl8 costs include the cost of wnning the SdN)ol. teaching slaff costs and other educational
costs necessary lo further the purrM)ses ofthe Sth(K>l..
Governance costs represent the eA)sls of the management of the SCW arKI of comptying wlh
constltutional and ststLrtory rgquiramorts.
The irrocoveralAe VAT is charged against the category of r•soureAs eynded for whlch rt was incurNI.
All expendlture Is recognSsed once there is ￿al or conslructive obligation to maké 8 payment to a Ihlrd paty.
1.6 Tanglblo flx•d ass•ts
Tanglble ftxad assets are Inltlally measured at (x)st and subsequenty measurad at cost or vatuation, nel of
d8prod8tion and any impaimpnt108ses.
DoproLxation is recognised so as to WTite off Ihe cost or valuation of 8ssets1g38 theiT residual values ovor IheiT
useful lives on the followlng bases..
Freehold buildings
IT equlpment
Fixtures, fittings & equlpment
Sports equlpment
Plant & machinery
er 50 years
25°A straiglrt line
20% r8du¢ing balance
10% rg(lucing balance
15% r￿u￿n9 balance
Assets in the eourse of eonstruGbon are not deprerAated. Assets under construdlon inclLKles amounts in
relation lo items Ythe￿ the co81 has been incurred but the asset wdl ￿ br(xJght into use in a ￿tllre flnaneiBI
year, as well as cost in relati{￿ to the consiruclion of 1he SonK)r &*ool. Ses notes 11 and 12 for furthbr
details.
The gain or Ioss arising on the dispKwI of an asset is determined as difference between the sale
proceeds arKJ the carying value of the asset. aThJ is recognised in tho Statement of financAal activities.
1.7 Cash and cash equlvalents
Cash and Cash equivalents indude cash in hand. deposlts hdd ot rall wth banks, other short-tam) Ilquid
investments wilh original maturities of three months or kss, Ènd bank overdrafts. Bank overdrafts arè shown
within borrowlngs In currant Ilablliliès.
17-

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Aeeountlng poll¢lg¥
Icontlnuodl
1.8 Flnanclal In$tTuments
Financial insknments are rècffjnlsed In th8 S(kn)I's balan¢% sheet ￿en the School bec￿lles party lo thg
contractU81 provisk)ns of the instnjment.
Basic financial instruments are Initi￿lY recognised at the tran￿tion price, unless the arrangemonl wnslltules
flnanung transaction. whero it Is rg¢ognis6d at the près6nl value of the future payments discounted al a
market ratg of Intgrg8t for 81mllar debt Ir￿trUment.
Debt inslrumenis are subsequently measured at amorti8ed ￿sL
Flnanclal assets that ar9 mgasured al c4)st or a[￿rI￿1 arp reviewod for objedNe evldence of impairnienl at
thg end of each reporting dale. If there is objective evNlencE of impaimient, an impairrnent Ioss 18 recognlsad
in profit or loss immediatgty.
1.9 Employee b8noffts
From 1st September 2021 tha sch￿1 exlted the Teathers P8nslon Scheme in favour of the Avlva P&nslon
Trust for Indap8nd8nt Sthool¥ IAPTISI 8d)omo.
Thg School has a defined ojntribution pension schemg for thoso members who are not eligible lo join the
APTIS Schemè. Pension costs charg8d In tha Stst&mènt of Finanual Aettvitias r8pr(Wt Ihe (￿tilb￿tiDns
Payable by the S¢hool in the year.
1.10 Loas8s
Rentals payable under operating leases. incbjdlng any lease incentives received, are charged as an 8xpensè
on a straight lin& basis Dverthe tem of the tB]trvant baEg.
Critical accountlng esttmates and Judgements
Th& prèparation of the finanaal stalements ￿uireS management to make judgements, estimates and
88sumplions that affect the amunEs rew)rted. These esumates and ludgemnls arg continually reviewed and
are based on experiencè ar￿ other factors, indud1r￿ ey4)eGtstions of futUTe events that are b8ll&ved lo be
rèasonab￿ under the ar(￿m3tanceS.
Accounb'ng estimates and assumptlons mada Con￿￿1￿9 Ihe futurè and, by thèir nature, wll rarely equal
the related 8etU81 outeomg.
The key assumptions and other sources of 8sl'mation un¢ertainty that h8vo a sMJnificÈnt risk ol causing a
material adjustment to Ihg ¢8rwng amounts of assets and liabilifie5 Yrithin the next financial year are as
follows..
Crltlcal ludgèmÈnts
111 Usèful t¢onomic lives of tavbglble flxed assets
The annual d8preciation charge is sewtive to changes in the estimatad usaful ecorK)mic fjves and residual
V81ues of the assets. The usofvl ￿noMiC 1fv8s and rèddual valuès are ré-8gsèssed annually. Thay ara
amended where ne￿SSary lo refiect ¢urrenl estimates based on technological advancement, futu
Investments, eoonotnic Utilisatil￿, and the physical o)ndition of assets. S* Note 12 for the carying amounts
of tangible fixed assets.
lill ImpaSrnient of assots
Nonrycurrenl assets irKlthJing fixtures and fltullgs. plant and equipynenl and mcitor vehides are re*iewed for
impairmènt if èvènts or changes in ￿rCUMStan￿S indicate that the carrying amount may not be re¢ovèrablè.
Whwo such an event or change of circumstanc&s lakès place, then addition81 impairrnenl may be required for
fijture peiiods.
18-

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Grants
Unrestri¢led Unrestrlctod
fundB
funds
gèneral
ggneral
2024
2023
Govemment granis
79,592
92,946
Grants rocefvable for core acttvilies
LocalAulhority funding
79,592
92,946
79,592
92,946
Incomo from charltablè actlvltl•s
2024
2023
Cross fees
Less bursaries, ¥(*olarnhips arKi dis¢ounts
Other income
8,074,9e3 6,786,280
{326,0451 13LKI,6591
16,775
16,275
7.765,713 6,501,896
Other Income
Unrestrlcted Unrestrictgd
funds
funds
general
99neral
2024
2023
N81 galn on diswsal of tsngible fixed a￿ts
Holday camp
After-schoc4 dubs
Treetops after school care
Trips and other income
750
201,275
195,017
113,074
118,203
220,866
251.313
136,445
342.063
950.687
e28.319
19-

¢JJ ￿ 0
tyj r
11
￿￿¢0
)0
#om
W¢D

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Support costs
Support a0￿ManCe
costs
costs
2024
Support costs Govomance
o)sts
2023
Staff costs
Finan¢& costs
Marf(eting Costs
other staff costs
313,457
177,765
19.790
10,598
313,457
177,765
19,790
10,598
255.211
133.696
32.543
24,4(KJ
255,211
133.696
32,543
24.40D
Audit fees
Accr)untancy
14,500
7,114
14.500
7.114
13,500
5,188
13,500
5,188
521,610
21,614
543.224
445,850
18,688
464,538
Analysed bèlwèèn
Charitable
activitles
521,610
21.614
$43.224
445,850
18,688
464.538
Goveman¢e costs indLKl8s payments lo tha auditors of £14,5CQ {2023- £13,5CQ} for Budll feos.
Trusto#s
Nonè of th& trust888 lor any per%)ns connecied with them) r￿1ved any remuneTatTron during the year.
There were no Iruslees. expenses paid for the year ended 31 August 2024 nor for thtr year onded 31 August
2023.
21

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Employ998
Number of èmploy8es
The average monthly numbgr of empkny8es duriThJ tho year was:
2024
Numbèr
2023
Number
T8achlng stsff
Support staff
FAclllti8s and admln
57
56
42
13
15
116
Employm•nt costs
2024
2023
Wage8 and salaries
Soc181 sécurlty ¢osts
Employers. pensign (x)sts
3.￿4,963
367,411
374,938
3,606,363
348,127
348,209
4.667,312
4,302,699
In addition lo th8 above are statt costs in respect of Treetops, After Sthool Clubs and Summor Camp
totalling £227.87812023- £190,856)-
The number of empksyees whose annual remuneration was £60,(￿ or more
were:
2024
Numbgr
2023
Number
£60.000- £69,999
£70,000 - £79,999
£110,000- £119,999
£120,0￿-£129,g9g
10 Taxatlon
Tha charily Is exempt from tax on income arKI gains fallirvJ wtthin 5e¢tion 505 01 the Taxgs Act 1988 or section
252 ofth8 Taxation of Chargeable Gains Act 1992 lo Ihe extent that these are applied to its th8ritsb19 objècts.
11 Impaiiments
Impairment tests have been carried cArt vthere appropriale arKI the following Impairment b8808 hav? been
recwnised in the Statement of Financial Acth"vibes".
2024
2023
In respect ofr
Property. plant and ￿uIpMent
185.781

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
11 Impalmiarts
(Continuéd)
Th8 impairment loss relatss to &wts previousty capitalised as ass8ts und8r constN¢tion in relation to the
senior school project. The deCiS￿n was made to impair the 8ss8ts when the applicatton for plannlng
rtnission for the proj¢ct was Unsu￿5¥fUl.
As al the dale of approval of the finan(xal statements. the appeal decislon Is p&txllng Ixrt the trustees expect il
to be successful.

J I
a)￿
lil"

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
12 Tanglblo ffiX￿ assots
Icontlnuodl
The carying V￿u6 of land indud8d In ￿nd and buildings comprisgs:
2024
2023
Fr8ehold
4,249,000
4,249,000
Land and buildings wth 8 carrying atnount of £11.164,000 waro r8valued al 31 August 2021 by Ggrald Eve,
Independent valuets not connected wth the Schwl on Iha basis of mark81 value. The valuation wnform8 10
International Valuation Standards and was based on da￿$t￿ replacement cost for spe￿alls￿d properties.
The Iruslees have consldered the valua1ton as a131 August 2024 and havo condudad that il is not materlally
dlfferent to Gqrrying value of the land and i￿lIdIngS.
At 31 August 2024, ￿ the revalued assets (xrrigd at historic cosl less accumulat8d d8prgGlation and
accumulated Imp31mient losses, their rxry￿ng arrK)unt would have been apprtsxim8t8ly £11,293,48812023 -
£11,444.037).
Freehold land and buikjings with a ca￿r￿j amount of £11.505.836 {2023 - £11.257,7511 hav8 boon pledgad
to secure borrowings of th8 Sthrx)l. Tha Is not alkiwed to pledge these assets as 8eBurity for other
borr¢>wings or lo s611 them to anothw onlty.
More Snfomadorj on thè impalm)Bnt arfslng In th8 y8ar u4 gNen in note 11.
13 Dèbtors
2024
2023
Amounts falllng duo wlthin one year.
Trade debtors
Other debtors
Prepayments and accnjed income
1.388.384
15,028
88,Y60
1,596.029
77,035
1.492.172
1.673,064
14 Credltors: amounts falling due withln one yoar
2024
2023
Bank loans
Other taxation and social security
Dafèrr8d income
Trade crediloTS
Other credVLors
Aceruab and defeThed Income
15
79,487
113.366
4,169.538
90.011
693.711
434.620
79,487
117,369
2A42,213
73,456
554,016
111,27e
17
5,580.733
3.377.817
Included within other creditors are f80 deFW)sks tolalllng £407.2S)12023-£392,750).

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
15 Loan¥ and overdrafts
2024
2023
Bank loans
1,232,051
1,311,539
Payable Mthin one year
P8yablg after one year
79,487
1,152,5fj4
79,487
1,232,052
The lon*temi loan5 aro secured by fix￿1 charges a5 follows..
On Ihe 14 October 2014 Natkn81 Westi)wnstsr Bank PLC C￿￿¢d a debenlura over all assets of Hoe Bridge
S¢hix)l Litnrfced, this 8ecurity is not limtt&J.
On the 26 July 2016 Naliond We*minsler Bank PLC crea￿j a legal Cha￿de over Hoe Pkce, 224 Old Woklng
Road. GU22 8JE. this securtty is ￿t limited.
16 Credltors: amounts falllng due aftor mor8 than on8 y￿r
2024
2023
Not•s
Bank loans
Deferred Incom8
15
17
1.1 $2.$64
546,129
1.232,052
1.698,693
1,232,052

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
17 Deferred Incom¢
2024
2023
Arfslng from feas received in advance
4.715,667
2,442,213
Deferied Income is induded In tho finandd statsments as folbws:
2024
2023
D8￿er￿ income is included withln:
Current liabilities
Nor￿cUrrent Ilabililies
4,169.538
546,129
2.442.213
4.715,667
2.442.213
Movements in the year
Deferred income at 1 Septemb8r 2023
Re18ased from previous perrods
Rosourc88 d8ferred in the year
2,442,213
2,009,696
12.442,2131 12,0(19,6961
4,715,667
2.442,213
D8ferr8d ineom8 at 31 ALtgust 2024
4,715,667
2,442,213
18 Retlrement b•nèfft sch8m•s
Defined contrlbutlon s¢h•mas
The School participates in tho AvNa Pension Trust for Independent S¢￿￿oIs IAPTISI ￿¢M9, foll￿ng Ils
thdrawal from the Teathers, Pension Schem& in 2021. Contrik)utiOFlS to the APTIS sthgme in the year we
£430,50812023- £399,446).
The Sch￿1 administers A defined (%)ntri￿tion 9theme for supKK>rt stsff. The cost for tha year gnded 31
August 2024 of thè SCI￿Ors (x)nthtMJt*Jns lo this Sd￿n￿ was £58.817 {2023- £50,7fj81.
Pens*)n contributr)ns of£52,17512023- £52,840) were outslarKling 81 the year end.
19 Anawls of net assets bÈtwÈen fvnd¥
Unr•strlet•d Unrestricted
funds
hjnds
2024
2023
Fund balances at 31 August 2024 arp rBprp8ented ty.
Tangible assets
Curr8nt liabilities
Long torm liabililles
12,498,085 12.049.751
(552.8111 11.342,6301
(1,698,6931 11.232,0521
10,246.581
9.475,069
-27-

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
20 Flnan¢l•l commitments. guaranteeB and contingent liabilltl•8
Thè sch(xJl has pald a first deposR for the a￿U[￿￿on of land adja(*nt lo Ihe oJrr8nt site Iso8 riot8 121. Subl8Ct
lo planning perniission beirtg granted. a second dep￿t and ￿nal balan￿ totalling £643,500 wlll fall duo. Tho
timing of thls118billty Is d8p8rKlènt on plannlng pèmissLon belng grdnlèd.
Aft8f thè year end the entered into a o)ntract for building repairs. The eslirn8led Cost of the work Is In
the region of £1.7m excluding VAT. The work Cornmen￿d during the 2023.24 finarKial year and is duo to be
mplet¢d durfrrfJ th9 2024-25 ffin8ndal year.
21 Operating l&as• commltm8nts
At the reporting end dale the Schod had outstanding ojmmitments for future minimum lease payments undar
non-cancellable operatlng leases, which fall due a5 folk)wE'.
2024
2023
Wlthin one year
Between two and fw$ yga
66,283
139,282
51,434
132,821
205,545
184,255
Lease payTnenls recognlsed as an expense during the yeartolaNed £129.69612023- £97,532).
Related party transactlons
Rtrmungration of key management personnel
The r8munèrat1on of kay management personnel ￿ a5 folb)ws.
2024
2023
Aggregate compensalion
348,012
335,939
-28-

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
22 Rolated party transO￿On9
IContlnu•dl
Transactions wlth rebtgd parti
Durfng the year the School ent&r8d Into the f￿r0￿ng transadons with related pa￿8$..
School fees
Provlslon ot profasslonal
sorvlcas
2024
2024
2023
2023
Mrs H DavTes IBursar}
Mr P Wallon ITrusteel
Other rèlated parties
12.480
22,574
4,459
18.164
4,049
35,054
22,623
1,680
4.049
Included in trade debtors al year end 1$ a tol¥l 8fTb)unt of £nil12023- £61 due Irom the trustees In r8sptr¢t of
the transactlons notgd above.
Th$ tmslee Mr P Walton is a partner of Penningtons M8nthes LLP. transactions with whom are disclosed
under other related parties. IndLthd in trade credttor5 at year end is an amount tsf £nil12023 - £1,164) due to
Pennliigtons Manches LLP.
Addllionally, close family members of key managewngnt per50nriel were employad by the school durfng the
year, totalling £13.805 {2D23 - £11.7141- Thg staff are paid Ythhin the nomal pay scale for thelr roles arHJ
C&Nè no gr￿al traatm8nl as a resutt of their relal'onship to key managoment personn81.
23 Cash g•n•rat•d from op•rntion$
2024
2023
Surplus for the year
771,512
340,234
Adjustments for
Gain on disposal of tangible flxed assets
Deprecialion and Impalm￿nt of tangib￿ fix8d a￿ts
17501
283,820
504,339
Movomgnts in working ¢apital'.
Decreasel1lnc￿aseI in debtor¥
Increase in ueditors
Increase In deferr¢d Income
180.892
475.593
2,273.454
1270.3181
174,142
432,517
Cash generated from op?ratlon$
4,205.790
959.645

HOE BRIDGE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
24 An•lysls of chongos In not fundslldebtl
At1 Septsmb•r
2023
Caah tlo
At 31 August
2024
Cash at bank and In hand
362,123
3,173,627
3.535,750
Loans falling due wthin one year
Loans falllng due after more than one year
179.4871
(1232.052)
179,4871
11,152,564)
79,488
{949.416}
3.253,115
2.303,699
25 Company Ilmltsd by guarantso
The members tsf the Schoc4 guaraniee to 0)ntr[l￿ts 8n aft￿Unt not exceeding £1 to assets of School In tho
event of a winding up.