REGISTERED COMPANY NUMBER: 02257924 (England and Wales)
REGISTERED CHARITY NUMBER: 299411
Re
ort of the Trustees and
Financial Statements
forthe Year Ended 31Au
USt 2024
R des Hill School Guildford
Bennewith 2018 Limited (Statutory Auditors)
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU14XA

de5 Hill School Guildford
Contents of the Financial Statements
for the Year Ended 31 Au
st 2024
Page
Report of the Trustees
Report of the Independent Auditors
8 to 11
Statement of Financial Activities
12
Balance Sheet
13 to 14
Cash Flow Statement
15
Notes to the Cash Flow Statement
16
Notes to the Financial Statements
17 to 25
Detailed Statement of Financlal Artlvlties
26 to 27

R des Hill School Guildford
Re
ort of the Trustees
forthe Year Ended 31 Au
ust 2024
The trustees who are also directors of the charity for the purposes of the Companie5 Act 2006, present their report with the
financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of
Accounting and Reporbng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I
January 20191.
GOING CONCERN
After reviewing the available budgets and forecasts the Trustees concluded the charity would be unable to continue
operating in its current form beyond the financial year ended 3tst August 2025. To ensure the school's operations would
not cease, the Trustees assessed opportunities to merge with other education providers. The decision was made to merge
with Tormead School. which operates out of the charitable company Tormead Limited (Company number= 00485947,
Charity number.. 3120571. The merger would involve all the operations, assets, and liabilities of the charity being transferred
to Tormead Limited. After the transfer. the charitable company Rydes Hill School Guildford (Company number= 02257924.
Charity number.. 2994111 would no longer be operating and therefore would not be a going cOn￿rn.
At the date of signing the report, the merger deed had been signed and the merger was expected to be completed on 1st
September 2025. However, the merger is not guaranteed to proceed until completion has occurred. If the mer8er does not
proceed the charity will cease operating on 31st Au8USt 2025.
OBJECTIVES AND AcfiviTIES
Objects
The objects of the Charity (Objectsl are to promote and provide for the advancement of education and in connecknon
therewith, to conduct, carry on, or8anise and develop in the United Kingdom any boarding or day school or schools for the
education of children of either or both sexes of the Roman Catholic Religion and such children of other denominatlons but
so that each such school shall be carried on as an educational charity.
Principal Activity and Income Sources
Rydes Hill's principal activity continues to be the provision of a Day School for 2-11 year old girls and 2-7 year old boys. For
the year ended 31st August 2024, there were 104 pupils1100 in 20221231 in the main School lage 5 111 and 54 pupils in
Nursery158 in 20221231. Bursary award5 and discounts ranged from 15% to 100% and represented 4.09% of budgeted fee
income from Kindergarten (Reception) to Form One (Year 61. Our one form entry throughout the School ensures that every
child 15 given the best start in life. The company's principal source of income is from school fees.
Page I

R des Hill School Guildford
Re
ort of the Trustee5
forthe Year Ended 31 Au
ust 2024
OBJECTIVES AND ACTIVITIES
Public benefit
The Governors recognise the duty imposed upon them by the Charities Act 2011, Section 17 and also the requirement to
have due regard to the general guidance provided by the Charity Commission in connection with Public Benefit.
Relief to Families
It is an important principle for the School that the benefits of a Rydes Hill education should not be restricted solely to th ose
who can pay the full cost. During the 2023-2024 academic year, 216 in 2022/231 means-tested bursaries were awarded with
grants of be￿een 25% and 100% of the school fees. and these together with other discounts such as for a third sibling
represented 4.09% of gross fee income. The school is funded entirely by fees and therefore must fill most of its place5 Wlth
pupils for whom the full amount is paid.
The directors havin8 reviewed the requirements of the Charities Att 2(K)6 s.4 regarding public benefit are of the opinion
that the current Bursary Scheme and community links meet those requirements. They will continue to monitor those
requirements in the li8ht of future suidance from the Charity Commission.
ntribution to the local Comm
ni
The School was established in 1945 and throughout the School's history it has made its facilities and minibuses available to
number of organisations.
The School takes a very active role in the local Diocesan group of Schools, which covers state primaries, a state Secondary
school, a boys independent school and an independent special school. In the past year we have continued to have strong
links with our nei8hbour, St Joseph's School in Guildford. Our Headmistress is a Governor at the School and we hold an
annual joint concert with both school choirs and orchestras.
In the past year we have used our mini buses to transport children from local schools to various events, including the Good
Shephard celebration at Worth Abbey and transport for groups of children from St Thomas of Canterbury School to attend
swimming lessons each week.
Fundraisin
within the School
The School has a lon8 tradition of charitsble 8ivin8. The School donated money and/or resour￿$ to Phyliss Tuckwell H05pice,
Catholic Children's Society, Macmillan Coffee Mornin& Disability Challengers, Projett 5. CAFOD and the NSPCC this year.
For a small school with parents of differing financial means, a respectable sum of £978 was raised. In addition to the above,
the School holds termly mufti-days with different themes each term which raises money for the School's chosen charities or
for specific 'nice to have, items for the School.
The school continues to be very grateful to the very hardworking 'Friends of Rydes Hill Preparatory School, IFRHPSI. They
have organiied a very successful Christmas and Summer Fair this year, as well as a pumpkin party, summer dance and a Quiz
Night.
Page 2

R de5 Hill School Guildford
Re ort of the Trustees
forthe Year Ended 31 Au
ust 2024
STRATEGIC REPORT
Achievement and performance
The 2023124 academic year was a very successful one. Our internal assessments have demonstrated that children are
making good progress. For children who need a little more support, targeted interventions are in pla￿. These are short and
very focused, allowing us to determine their success quickly so that children can move forward.
Many of the Senior Schoo15 kept their revised admissions arrangements. with assessments largely taking place prior to
Christmas. We had a superb set of offers across a number of schools for our cohort of 15 mixed ability girls:
Churcher's College
Farnborough Hill
Gui5dford High School
Kingston Grammar
Lady Eleanor Hollis
Lord Wandsworth
Prior's Field
St Catherine's, Bramley
St Peter's
St Teresa's
Surbiton High
Tormead
Woldinsham
l offer
l offer. I stholarship
3 offers
l offers
l offers
l offer. I scholarship
3 offers, I scholarship
5 offers, I scholarship
l offer
l offer
7 offers, 4 scholarships
l offer
The boys who left us at the end of Year 2 also had superb offers. including RGS Prep, Guildford and Aldro.
We continue to take part in the National SATS tests at Year 6. Our results are very cohort driven, and this year our results
were well above National Averages in all a￿a5.
K Ob'ective
fory
r Endin
31stAu
To Continue to increase pupil numbers across the School, particularly in Main School with the aim of achievin8
our capacity of 200 registered pupils by 2025
To sustain and further develop the excellence of teaching and leamin8 in all areas of the curriculum
To further develop the Nursery and ensure there is space for all who would like to attend
To maintain a culture of wellbeing across the School
To develop exceptional leaders across the School to ensure sustainable distributed leadership
To improve the School's premises and educational facilities within the scope of the School site.
Performance a
ainst Ob'ectives
Pu pil numbers have steadily grown across the year. The number of pupils on role in July exceeded the number
of pupils the previous September.
Staff meetings took on a differentfocus each term to enable staff to share good practice. as well as to view
CPD from external providers.
There has been an extensive waiting list for Nursery this year. A decision has been made to expand the
Nursery further by addin8 an additional Oaks class13-4 year olds) to be opened in September 2024
Followin8 the explicit teaching of wellbeing in the past, teacher5 are now embedding these skills in everyday
classroom practtce
The School has made good use of it's facilities. We have introduced regular lettings which have enabled us to
increase our income.
Page 3

R des Hill School Guildford
Re
ort of the Trustees
for the Year Ended 31 Au
st 2024
STRATEGIC REPORT
Financial review
Financial review and results for the year
The School's primary sources of income are of an ongoing and recurring nature and are derived mainly from school fees.
Whilst pupil numbers in the main School had plateaued, the Nursery has seen a growth in pupil numbers. The Nursery is
well sought after and has been relocated to the Lodge site.
The School posted a post depreciation deficit of £74.498 (deficit £262,374 in 202V23). Governance costs have been
maintsined at less than 0.5% of School operating costs and the Governors act on a pro bono basis.
The school has been operating at a loss for many years, although these accounts indicate that a significant improvement in
the school's finance position had been achieved in FY 2023124. The two expansions of the school's nvr5ery facilities have
been a huge success and there is the likelihood of further expansion. In contrast. the number of children in the pre-Prep and
Prep school has remained reasonably Static. The change of Government in July 2024. the subsequent actions affecting
private schools, both directly (VAT on fees and the removal of 80% business rate reliefj and indirectly (lowering of the
starting level for National Insurance payments and an increase in Nl rates), and the reduction in the school's reseNes has
made it impossible for the school to continue to plan to operate at a loss.
Principal risks and Uncertaintie5
The Governors have not considered future risks as the school will either be the direct responsibility of Tormead School or
will have closed by I September 2025.
In past years, the summary of risks included risks and uncertainties related to changes in government poliLry, economic
uncertainty, and loss of fee income. Unfortunately, the combination of several of these risks being realised and the
weakened reserves position, meant it wasn't possible to mitigate them sufficiently to keep the school operating in its current
form.
Future plans
The Governors have discussed the future with Tormead School and are pleased that there are significant and wide-spread
changes planned. Whilst the Prep School (Years 3 to 61 will close at the end of the academic year 2024125, it is Tormead's
ambition to re-establish the Prep School. as a COTheducational school, opening one additional year group per year until the
first co-ed Year 6 starts in September 2030.
STRUCTURE, GOVERNANCEAND MANAGEMEKr
Governing document
The Company is 8overned by its Memorandum and Articles of Association, last amended on 6 December 2019.
Recruitment and training of new Trustees
New members ofthe Governing Body are elerted on the basis ofnorninationsfrom the Governors. Executive Officers and/or
Auditors. New Governors are inducted into the workings of the School through an induction process organised for them by
the Clerk to the Governors. New Governors are also invited to attend specialist external Courses on the role and
responsibilities of charity trustees. Members of the Governing Body attend external and internal trustee training and
information courses to keep them informed and updated on current issues in the sector and regulatory requirements.
Page 4

R des Hill School Guildford
Re
ort of the Trustees
for the Year Ended 31 Au
ust 2024
STRucfuRE, GOVERNANCE AND MANAGEMEh
Organisational management
The members of the Governing Body. as the charity trustees, are legally responsible for the overall management and control
of the Charity- They meet three times a year (Autumn. Spring and Summer terms). The work of implementing their policies
is carried out by the seven sub-committees-.
The Finance Committee scrutlnises revenue, the budget. capital expenditure, risk, levels of remuneration, projects and
other matters relating to the general running of the School. The Committee also supervises and finalises the audited financia I
statements and annual report for approval by the Governing Body. The Committee meets four times per year and reports
to the Governing Body. The Committee was chaired by Mr M Kearney until November 2023 and then by Mr C Bentley-
Mawer.
'The Academiccommittee considers educational and pastoral policies and makes recommendations to the Governin8 Body
in how best to implement. It also advises the Governing Body on its statutory responsibilities regarding regulation5 relating
to standards in independent schools. The Committee meets three times per year and reports to the Governing Body. The
Committee 15 chaired by Mr B Marknn.
The Marketin8 Committee meets at least termly and often twice termly. It prepares the marketin8 Strategy, annual
marketing calendar and marketin8 budget for approval by the Governing Body, via the Finance Committee. The Committee
15 chaired by Mrs K Cardona.
The Strategy Group considers the Strategic Plan and matters arising from it. This Committee meets as frequently as
required and reports to the Governing Body. The Committee was chaired by Mr M Kearney untll November 2023 and then
by Mrs Katie Cardona.
' The Nominations Committee considersgovernorsuccession and is responsiblefor identifying and selettin8 new Governors
and for ensuring the governance arrangements of the School comply with legal requirements and best practice. The
Committee meets as required and reports to the Governing Body. The Committee is chaired by Mrs K Cardona.
The Health and Safety Committee has a monitorin8 and advisory role relating to the school's health and safety
arrangement5, its buildings, plant and vehicles, grounds. gardens. roadways, and security. The Committee includes at least
one Governor which for the accounting period was Mr C Houston and Mrs M Adams. Other Committee members are the
Headmistress, Site Manager and Deputy Bursar. The Headmistress is the Chair of the Committee.
' The Remuneration Sub-committee reviews the perf0rrnan￿ of the Head and the Bursar and makes recommendations to
the Governing Body on the level of remuneration in the next academic year. In addition. the Remuneration Committee
agrees any additional sum that can be distributed to teaching / non-teaching stsff at the discretion of the Head l Bursar
based on performance and affordability. The Committee meet twice a year; once in the spring term to advise the Bursar, in
conjunction with the Finance Committee. of the salary provision that should be included in the draft annual budget across
all salary related budget lines. The second meeting is in the summer term. prior to the Goveming Body agreeing the budget
forthe next academicyear. The Committee is chaired by Mrs M Adams.
Mr D Munro is currently the Govemor for responsibility for Safeguarding. Mr B Martin is responsible for Early Years and
for the School's Inclusion provision.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02257924 (England and Wales)
Registered Charity number
299411
Page 5

R des Hill School Guildford
Re
ort of the Trustees
for the Year Ended 31 Au
ust 2024
Registered office
Rydes Hill School
Aldershot Road
Guildford
GU2 8BP
Trustees
The Governors of Rydes Hill School Guildford I'the Charity") are the Charity's trustees under charity law and the direrto
of the charitable company. The members of the Governing Body who served in office as Governors during the year and
subsequently are detailed below:
Mrs M Adams (Chairl
Mr C Bentley Mawer (Deputy
Chairl
Mrs K M Cardona
Ms L Edwards
Mr C Houston
Mr M Kearney
Mr B Martin
Mr D Munro
Resigned Aug. 2024
Resigned Nov. 2023
Resigned Jan. 2024
Finance Committee
Academic Committee
Marketin8 Committee
Finance Work Group
Health & Safety
Nominations
Remuneration
Headmistress
Mrss Norville
Auditors
Bennewith 2018 Limited1Statutory Auditors)
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU14XA
Bankers
Royal Bank of Scotland
10 North Street
Guildford
Surrey
GUI 4AF
Page 6

R des Hill School Guildtord
Re
ort of the Trustees
for the Year Ended 31 Au
ust 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Solicitors
Moore Barlow LLP
The Oriel
Sydenham Road
Guildford
Surrey
GUI 3SR
STATEMENT OF TRUSTEES, RESPONSIBIUTIES
The trustees Iwho are also the directors of Rydes Hill School Guildford for the purposes of company lawl are responsible for
preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Pratticel-
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of
the state of affairs of the charitable company and of the incomin8 resources and application of resources. including the
income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustee5
are required to
selert suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charity SORP:
make judgement5 and estimates that are reasonable and prudent;
prepare the financial statements on the 8oin8 concern basis unless it is inappropriate to presume that the charitable
company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the
financial pcsition of the charitable company and to enable them to ensure that the financial statements comply with the
Companies Art 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for taking
reasonable Steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ou8ht to have taken to make themselves aware of any relevant audit
infomiation and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Bennewith 2018 Limited (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual
General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company
directors. on .
'Iq /4>S / Lo..l5
and signed on the board's behalf by=
s M Adams-Trustee
Page 7

Re
ort ot the Inde endent Auditors to the Trustee5 of
R des Hill School Guildford
Opinion
We have audited the financial statements of Rydes Hill School Guildford (the 'charitable company'l for the year ended
31 August 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow Statement and note5
to the financial statements, including a summary of significant accounting policies. The financial reportin8 framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources
and application of resources, including its income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prattice; and
have been prepared in accordan￿ with the requirements of the Companies Art 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditlng IUKI IISAS {UKII and applicable law. Our
responsibilities under those 5tand3rd5 are further described in the Auditors, responsibilities for the audit of the financial
statements section of our report. We are independent of the charitable Company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and
we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
Emphasis of matter
We draw attention to Note 19 to the financial statements which explains that the Trustees do not intend for the charity to
continue operating in its current form after the financial year ended 31 Au8USt 2025. Therefore they do not consider it to
be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordin8ly the
financial statements have been prepared on a basis other than going concern as described in Note 20.
Our opinion is not modified in respect of this matter.
Other informatlon
The trustees are responsible for the other infom)ation. The other information comprises the information included in the
Annual Report, other than the financial statements and our Report of the Independent Auditor5 thereon.
Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly
stated in our report, we do not express any form of assurance condusion thereon.
In connection with our audit of the financial ststements, our responsibility is to read the other information and. in doing so,
consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained
in the audit or otherwise appears to be materially misstated. If we identify such material inconslStencie5 or apparent
material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed, we conclude that the￿ is a material misstatement ofthis
other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008
requires us to report to you if, in our opinion..
the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements;
or
the charitable company has not kept adequate accounting ￿COrd5- or
the financial statements are not in a8reement with the accountin8 records and return5: or
we have not received all the information and explanations we require for our audit.
Page 8

Re ort of the Inde endent Auditors to the TrustÈes of
R des Hill School Guildford
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities. the trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misststement. whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to continue
as a going concern, disclosin& as applicable. matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic
alternative but to do so.
Page 9

Re ort of the Inde
endent Auditors to the Trustees of
R des Hill School Guildford
Our responsibilitiès for the audrt of the financial ststements
We have been appointed as auditors under Secknon 144 of the Charitie5 Att 2011 and report in accordance with the Act and
relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS
IUKI will always detect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are
considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic
decisions of users taken on the basis of these finanaal statements.
The extent to which our procedures are capable of detectlng irregularities. including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined the
most Sl8nifTcant are those that relate to FRS 102 Section L4, pension laws and regulations and safeguarding regulations.
We assessed the risk5 of material mi55tstement in respert of fraud a5 follows:
Enquiries made of management and those charged with governance as well as the service or8anisation in relation to payroll
services
- Analytical procedures were used to identify if there were any unusual or unexpected relationships
Discussions with management to identify any fraud risk factors of related party relationships and transactions
Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws
and regulations identified above.
Enquirie5 were made of management and those charged with 8overnance. We corroborated our enquiries through the
review of Board minutes anci other papers provided. There was no contradictory evidence.
We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal
entries into our audit approach. We tested year end journals as well as journal entries throughout the year. There were no
transattions identified outside the normal course of busine55.
Based on the results of our risk assessment we designed our audit procedures to identify and to address material
misstatements in relation to fraud. We incorporated an element of unpredictability in the selection of the nature, timing,
and extent of audit procedures.
Where transaction meeting risk criteria were identified, we carried out further work such as additional testing to source
information.
A further description of our responsibilitses for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent
Auditors.
Page 10

Re
ort of the Inde
endent Auditors to the Trustees of
R des Hill School Guildford
Use of our report
This report Is made solely to the tharitsble company's trustees. as a body. in actordante with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been Ltndertaken so that we might state to the charitable
company's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the
fu15est extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company
and the charitable company's trustees as a body. for our audit worl for this report. or for the opinions we have formed.
Bennewith 2018 Limited (Statutory Auditors)
Eligible to act a5 an auditor in tems of Section 1212 of the Companies Act 2006
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU14XA
Date-....
Page 11

R des Hill School Guildford
Statement of Financial Activtties
for the Year Ended 31 Au
st 2024
31.8.24
Total
funds
31.8.23
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
13,051
13,051
20,759
Charitable activities
Education
1,982.939
1.982.939
1,655,006
Investment income
Other income
58,662
8,660
58,662
8,660
24,590
18,351
Total
2.063.312
2,063.312
1,718,706
EXPENDITURE ON
Charitable actTVities
Education
2.137,810
2.137,810
1.981,080
NET INCOME/IEXPENDITURE)
174.4981
174.4981
1262,3741
RECONCILIATION OF FUNDS
Total funds brought forward
1,158,658
1,158,658
1,421,032
TOTAL FUNDS CARRIED FORWARD
1,084,160
1,084,160
1,158,658
The notes form part of these financial ststements
Page 12

R des Hill School Guildford
Balance Sheet
31Au
ust 2024
31.8.24
Totsl
funds
31.8.23
Total
funds
Unrestrirted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
li
1.029.512
1,029.512
1,045,505
CURRENT ASSETS
Debtors
Cash at bank
12
20.483
504,473
20,483
504,473
33,984
535,706
524,956
524,956
569,690
CREDITORS
Amounts falling due within one year
13
1470.3081
1470,3081
1293,3541
NET CURRENT ASSETS
54,648
54,648
276,336
TOTAL ASSETS LESS CURRENT UABILITIE5
1,084,160
1,084,160
1.321,841
CREDITORS
Amounts falling due after more than one year
14
1163,1831
ASSErs
1,084,160
1,084,160
1,158,658
FUNDS
Unrestricted funds
16
1,084.160
1.158,658
TOTAL FUNDS
1.084.160
1,158,658
The charitable company is entitled to exemption from audit underSection477 ofthecompanies Art 2006 forthe yearended
31 August 2024.
The members have not deposited notice, pursuant to Sethon 476 of the Companies Act 2006 requiring an audit of these
financial statements.
The trustees acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at
the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements
of Sethon5 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements. so far as applicable to the charitable company.
Ibl
These financial statements have been audited underthe requirements of Section 145 ofthe Charitie5 Act 2011.
The notes form part of these financial Statements
Page 13
continued...

R de5 Hill School Guildford
Balance Sheet- continued
31Au
st 2024
2fl 1()S IL()IS
The financial statements were approved by the Board ofTrustees and authorised for issue on.............................................
and were signed on its behalf by:
s M Adams- Trustee
The notes form part ofthese financial statements
Page 14

R de5 Hill School Guildford
Cash Flow Statement
forthe Year Ended 31 Au
ust 2024
31.8.24
31.8.23
Notes
Cash flows from operating attivities
Cash generated from operations
Interest paid
42.413
(8.4911
1181,5521
111,1601
Net cash provided by/lused inl operating activities
33,922
1192.712}
Cash flows from investing artivities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
167,1751
229
23.824
130,9091
10,765
Net cash used in investin8 activities
143.1221
120,1441
Cash flows frorn financing activiiies
Loan repayments in year
122,0331
121,5041
Net cash used in tinancin8 activities
122,0331
121,5041
Change in cash and Cash equivalents in the
reporting period
Cash and cash equivalents atthe beginning
of the reporting period
131,2331
1234,3601
535.706
770,066
Cash and cash equivalents at the end of the
reporting period
504,473
535,706
The notes form part of these finanaal ststements
Page 15

R des Hill School Guildford
Note5 to the Cash Flow Statement
for the Year Ended 31 Au
st 2024
RECONCIUATION OF NEf EXPENDITURE TO CASH FLOW FROM OPERATING ACTIVITIES
31.8.24
31.8.23
Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Decreasellincreasel in debtors
Increase/ldecreasel in creditors
174.4981
1262,3741
82,939
123,8241
8,491
13.500
35.805
88.704
110,7651
11.160
17.2121
11,0651
Net cash provided by/(used inl operations
42,413
1181,5521
ANALYSIS OF CHANGES IN FUNDS
At 1.9.23
Cash flow
At 31.8.24
Net cash
Cash at bank
535,706
131.2331
504,473
535,706
131,2331
504,473
Debt
Debts falling due within l year
Debts fallin8 due after l year
121,9191
186,2391
164.2051
86,239
186,1241
1108.1581
22,034
186,1241
Total
427.548
19,1991
418,349
The notes form part of these financial statements
Page 16

des Hill School Guildford
Notes to the Financial Statements
forthe Year Ended 31 Au
ust 2024
ACCOUNTING POLICIES
Basis of preparing the financial staternents
The financial ststements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporknng by Charities.. Statement of
Recommended Practice applicable to charitie5 preparing their accounts in accordan￿ with the Financial Reporknng
Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191,. Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Att
2006. The frnancial statements have been prepared under the historical cost convention.
The accounts have not been prepared on a going con￿rn basis. The alternative basis of preparation is outlined in
Note 20.
Charity status
The organisation is a charitable company limited by guarantee. registered as a company in the UK (company number..
0225792411 and as a charity with The Charity Commission for England and Wales Icharity number- 2994111.
The registered office address of the organisation is: Rydes Hill House, Aldershot Road, Guildford, Surrey, GU2 8BP
Income
All income is recogni5ed in the Statement of Financial Activities once the charity has entitlement to the funds, it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there 15 a legal or constructive obligation committin8 the charity
to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount
of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified
under headings that a8gre8ate all cost re13ted to the category. Where costs cannot be directly attributed to
particular headin85 they have been allocated to activitfes on a basis consistent with the use of resources.
Investment income
Interest is included when re￿1vable by the charity.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold building & improvements - 2% on cost and Straight line over 10 years
Freehold land - Not provided
Equipment & Website - straight line over 5 years. Straight line over 10 years, and Straight line over 15 years
Motor vehicles - Straight line over 4 years
Taxation
The charity is exempt from corporation tsx on its charitable activities.
Fund accounting
Unrestricted fund5 are donations, fees receivable and other incoming resource5 received or generated for
expenditure on the general objectives of the charity.
Restricted funds are subject to speafic trusts. Expenditure which meets these criteria is charged to the fund.
Page 17
continued...

R de5 Hill School Guildford
Notes to the Financial Statements - continued
forthe Year Ended 31 Au
st 2024
ACCOUNTING POUCIES- continued
Going concern
The accounts have not been p￿Pared on a going concern basis. The details that led to this decision are outlined in
Note 19. With the basis of preparation outlined in Note 20.
DONATIONS AND LEGACIES
31.8.24
31.8.23
Donations
Grants
9,349
3,702
15.276
5,483
13.051
20,759
Grants received. included in the above, are as follows:
31.8.24
31.8.23
Other grant income
3,702
5,483
INVESTMENT INCOME
31.8.24
31.8.23
Rents received
Interest received
34,838
23.824
13,825
10.765
58,662
24,590
INCOME FROM CHARITABLE ACTivmES
31.8.24
31.8.23
Activity
Education
Education
Education
Education
Education
School
Nursery
Extras / Extra lessons
Meals
Bursaries and discounts
1,402.991
525,146
51.371
112,597
1109,1661
1,162,750
487,496
21,416
93,794
1110,4501
1,982,939
1,655,006
Page 18
continued...

de5 Hill School Guildford
Notes to the Financial Ststements - continued
for the Year Ended 31 A
st 2024
CHARITABLE AcfiviTIES COSTS
Support
costs (see
note 61
Direct
Costs
Totals
Education
2,127,610
10.200
2,137,810
SUPPORT COSTS
Governance
costs
Education
10,200
NET INCOME/IEXPENDITURE)
Net income/lexpenditurÈl is stated after chargingjlcredilingl:
31.8.24
31.8.23
Auditors, remltneration
Auditors, remuneration for non audit work
Depreciation- owned assets
7.800
2,400
82,939
6,160
2,000
88,704
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended
31 August 2023.
Tru5tees' expenses
There were no trustees, expenses paid for the year ended 31 August 2024 norfor the year ended 31 August 2023.
The charity pays a total premium of £7,71012022-23-. £6.317) for professional indemnity cover. The poliLry includes
indemnity insurance for theTrustees and Governors.
Page 19
continued...

R des Hill School Guildford
Notes to the Financial Statements- continued
for the Year Ended 31 Au
ust 2024
STAFF COSTS
31.8.24
31.8.23
Wages and salaries
Social security costs
Other pension costs
1,233,370
87,107
132,312
1,131,976
79,674
129,456
1.452,789
1,341,106
The average monthly numberof employees during the year was as follows-
31.8.24
37
Teaching
Administration
Domestic
31.8.23
39
51
54
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
31.8.24
31.8.23
£80,001- £90,000
The total amount of employee benefits re￿iVed by key management personnel was £164,106.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
io.
un￿striCted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
20,759
20.759
Charitable activities
Education
1,655,006
1,655,006
Investment income
Other income
24,590
18.351
24,590
18,351
Total
1,718,706
1,718,706
EXPENDITURE ON
Charitable activitie5
Education
1.981,080
1,981,080
NET INCOMEI{EXPENDITURE)
1262,374)
1262,3741
Page 20
continued...

R des Hill School Guildford
Notesto the Financial Statements- continued
forthe Year Ended 31 Au
ust 2024
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnviTIES- continued
Unrestricted
funds
Restricted
funds
Total
funds
RECONCILIATION OF FUNDS
Total funds brOUghtfo￿ard
1.421,032
1.421,032
TOTAL FUNDS CARRIED FORWARD
1.158,658
1.158,658
ii.
TANGIBLE FIXED ASSErs
Freehold
building
& improvements
Freehold
land
Equipment
& Website
Motor
vehicles
Tota15
COST
At I September 2023
Additions
Disposa15
1,158.619
27,0(h)
300,000
344,674
40,175
113,4671
52,482
1,855,775
67,175
113,4671
At 31 Au8USt 2024
1,185,619
300,000
371,382
52,482
1.909,483
DEPRECIATION
At I September 2023
Charge foryear
Eliminated on disposal
489.442
52.721
268,346
30,218
13.2381
52,482
810,270
82,939
113,2381
At 31 August 2024
542,163
285,326
52,482
879,971
NET BOOK VALUE
At 31 Au8USt 2024
643,456
300.000
86,056
1,029,512
At 31 August 2023
669.Ir/
300,000
76,328
1,045,505
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24
31.8.23
Fees receivable
Prepayments
Other debtors
11.015
9.443
25
22.129
11.630
225
20,483
33,984
Page 21
continued...

R des Hill School Guildford
Notes to the Financial Statements- continued
forthe Year Ended 31 Au
ust 2024
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24
31.8.23
Bank loans (see note 151
Social security and other taxes
Other creditors
Accruals and deferred income
86,124
20,853
192,987
170.344
21,919
18,905
88,268
164,262
470.308
293.354
14.
CREDITORS". AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
31.8.24
31.8.23
Bank loans Isee note 151
Deposits
86,239
76,944
163,183
15.
LOANS
An analysis of the maturity of loans is given below:
31.8.24
31.8.23
Amounts fallin8 due within one year on demand:
Bank loans
86,124
21,919
Amounts falling between one and two years:
Bank loans - 1-2 years
21,919
Amounts falling due betsveen two and five years:
Bank loans - 2-5 years
64,320
16.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.8.24
At 1.9.23
Unrestricted funds
General fund
1.158.658
{74,4981
1.084,160
TOTAL FUNDS
1,158.658
(74,4981
1.084,160
Page 22
continued...

des Hill School Guildford
Notes to the Financial Statements- continued
for the Year Ended 31 Au
5t 2024
16.
MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
2,063,312
12,137,810)
174,4981
TOTAL FUNDS
2.063,312
12,137,8101
174,4981
Comparatlves for movement in funds
Net
movement
in f unds
At
31.8.23
At 1.9.22
Unrestrirted funds
General fund
1,421,032
1262,374)
1,158,658
TOTAL FUNDS
1,421,032
1262.3741
1,158,658
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
1,718.706
11.981.080)
1262,3741
TOTAL FUND5
1.718.706
11.981.080)
1262,3741
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
At
31.8.24
At 1.9.22
Unrestricted funds
General fund
1,421.032
1336,8721
1,084,160
TOTAL FUNDS
1,421.032
1336.8721
1,084,160
Page 23
continued...

R des Hill School Guildford
Notesto the Financial Statements- continued
for the Year Ended 31 Au
st 2024
16.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds. included in the above are a5
follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrirted funds
General fund
3,782.018
14,118,890)
1336.872}
TOTAL FUNDS
3.782,018
14,118,890)
1336,8721
17.
RELATED PARTY DISCLOSURES
There were no ￿Lated party transactions for the year ended 31 Au8USt 2024.
18.
DEFERRED INCOME
The charity's deferred income relates to school fees for the school year starting in September 2024, paid in advance,
The movement in deferred income during the year was as follows:
The totsl deferred income brought forward of £151.517 wa5 fully released during the year.
Atotal of £161.242 ofAutumn term 2o24feeSwe￿ deferred durin8theyearand carried forward tothe next period.
This amount is shown as part of the 'Accruals and deferred income, figures in Note 14.
19.
GOING CONCERN POSITION
After reviewing the available budgets and forecasts theTrustees concluded the charitywould be unableto continue
operating in its current form beyond the financial year ended 31st August 2025.
To ensure the school's operations would not cease. the Trustees assessed opportunitie5 to merge with other
education providers. The decision was made to merge with Tormead School. which operates out of the charitable
company Tormead Limited (Company number: 00485947. Charity number: 3120571. The rnerger would involve all
the operations, assets, and liabilities of the charity being transferred to Tormead Limited. After the transfer, the
charitable company Rydes Hill School Guildford Icompany number: 02257924, Charity number.. 2994111 would no
lon8er be operating and therefore would not be a going concern.
At the date of signing the report. the merger deed has been signed and the merger expected to be completed on
1st September 2025. With the mer8er being announced by both parties. However. the merger is not guaranteed to
proceed until completion has occurred.
Ifthe merger does not proceed the charity will ￿ase operating on 31st August 2025.
Page 24
continued...

R de5 Hill School Guildford
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
20.
NON-GOING CONCERN 8ASIS OF PREPARATION
As discussed in Note 19. it wasnt deemed appropriate to prepare the accounts on a going concern basis.
As it was deemed probable that the merger would proceed as planned, the accounts have been prepared on the
basis it will occur. Therefore, the only significant change to the basis of the preparation of the accounts was to
reclassify 'c￿dItorS falling due after one yearf as 'creditors falling due within one yearf.
It wasn't considered necessary to write down assets to their recoverable amounts as they would transfer as part of
the merger and continue in their current Use. Additionally, no provision was made for possible onerous Contracts,
as the contrartual obligations would transfer as part of the merger.
Page 25