REGISTERED COMPANY NUMBER: 02257924 lÉnEland and Wale51 REGISTERED CHARITY NUMBER.. 299411 ort of the Trustees and Financial Statements for the Year Ended 31 Au ust 2025 R des Hill School Guildford Bennewith 2018 Lirnited (Statutory Auditorsl Upper Ground Floor 18 Farnham Road Guildford Surrey GUI 4KA R des Hill School Guildford Contents of the Financial Statements for the Year Ended 31 Au U5t 2025 Page Report of the Trustees Report of the Independent Auditor5 5 to 8 Statement of Financial Activities Balance Sheet 10 to 11 Cash Flow statement 12 Notes to the Cash Flow Statement 13 Notes to the Financial Staternents 14 to 22 Detailed Ststement of Financial Artivities 23 to 24 es Hill School Guildford ort of the Trustees for the Year Ended 31 Au ust 2025 The trustees who are also director5 of the charity for the purposes of the Companies Att 2006, present their report with th& financial statements of the charity for the year ended 31 August 2025. The trustEes have adopted the provisions of Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191. GOING CONCERN AftEr reviewing the available budgets and forec3Sts the Trustees concluded the charity would be unable to continue oper3ting in its current forrn b&yond the financial year ended 31st August 2025. To ensure the school's operations would not Cease, the Trustees assessed opportunities to merge with other education provider5. The decision was made to merge with Tormead school. which operates out of the charit3ble 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 Torme3d knmited. After the transfer, the charitsble company Rydes Hill School Guildford (Company number.. 02257924, Charity number- 2994111 would no longer be DPe￿tlng and therefo￿ would not be a going concern. The merger was completed after the year end, on 1st Septernber 2025. The charity ceased to be a going concern at this date. OBJEcftVE5 AND ACTIVITIES Objects ThE objects of the Charity (Objects) are to promote and provide for the advancement of education and in connection therewith, to conduct, carry on. organise and develop in the United Kingdom any boarding or day school or schools forthe education of children of either or both sexes of the Roman Catholic Religion and such children of other denomination5 but so that each such school sh311 be carried on as an educational charity. Principal Attivity and Income Sources Ryde5 Hill's principal activity during the financial year continued to be the provision of a Day school for 2-11 year old girls and 2-7 year old boys. Bursary awards and discounts ranging from 15% to 100% were provided based on need. Our one form entry throughout the School ensures that every child is given the best Start in life. The company's principal source of income is from school feès. Page I e5 Hill School 6uildford Re ort Df the Trustees for the Year Ended 31 Au ust 2025 OBJECTIVES AND AcfiviTIE5 Public benefrt The Governors recDgnise the duty imposed upon them by the Charities Art 2011, Section 17 and also the requirernent to have due regard to the general guidance provided by the Charity ComTnis5ion in connertion with Public Benefit. Rellef to Familie5 It is an important principle for the school that th& benefits of a Rydes Hill education Should not be restricted Solely to those who can pay the full c05t. To support this principle, mean5 tested bursaries between 15% and IOD% are provided to students that qualify. The school is ftjnded ent1rely by fees and therefore must fill mDSt of its places with pupils for whom the full arnount IS Paid. The directors having reviewed the requirements of the Charities Act 2006 s.4 ￿gardIng public benefit are of the opinion that the Bursary Scheme operated during the financial year and community links meet those requirements. Contribution to the local Commun The School was established in 1945 and throughout the School's hlstory it has made its facilities and mTnibuses available to a number of organi5ation5. The School takes a very active role in the local Diocesan group of 5thtsols. which covers state primaries. a stste Secondary school, a boy5 independent school and an independent special school. STRATEGIC REPORT Achievement5 and performance A5 mentioned earlier in the report, the school completed its merger with Tormead school on tst September 2025. The operations of the charitable company ceased on this date. During the financial year the Trustees ensured the operations of the school continued as normal while liaising with Tormead School to make the necessary preparations for the merger. Due to the operations ceasing and the transfer of all the assets and liabilities, it wasn* deemed necessary to include a review of the financial position or the principal risks and uncertainties. Future plans Once these final accounts are filed. the Trustees intend to start the proces5 of dissolving the charity. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The Company is govemed by its Memorandum and Articles ofA5sociation, last amendèd on 6 December 2019. Organlsational management The members of the Governing Body, as the charity trustee5. are legally responsible for the over311 management and ontrol of the Charty. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02257924 (England and Wales) Registered Charity nurnber 299411 Page 2 des Hill School Guildford Re ort of the Tru5tee5 for the Year Ended 31 Au ust 2025 Registered office Rydes Hill School Aldershot Road Guildford GU2 8BP Tru5tee5 The Governors of Rydes Hill School Guildford I'the CharFty l are the Charity's trustees under charity law and the directors of the charitsble company. The member5 of the Governing Body who served in Dffice as Governors during the year and subsequently are detailed below= Mrs M Adams (Chairl Mr C Bentley Mawer (Deputy ChaiTI Mr C Houston Mr B Martin Mr D Munro Mr5 K M Cardona Mr M Kearney Resigned 20 August 2024 Resigned 9 January 2024 Auditors Bennewith 2018 Limitsd (Statutory Auditors) Upper Ground Floor 18 F3rnham Road GuildfDrd 5urrev GUI 4XA Solicitors Moore Barlow LLP The Oriel Sydenham Road Guildford Surrey GUI 3SR STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees Iwho are also the dirertors of Rydes Hill School Guildford for the purposes of ctsrnpany18wl are responsible for preparing the Report of the Trustees and the financial staternents in accordance with applicable law and united Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. Page 3 R des Hill School Guildford Re ort of the Trustees for the Year Ended 31 Au ust 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES- continued Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Prartice (United Kingdom Aceounting 5tandard5 and applicable lawl. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the State of affairs of the charitable company and of the incoming rE50urces and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then applythern consi5tentlv,' observe the rnethods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent: p￿pa￿ the financial statèments on the going concern basi5 unles5 it 15 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 fin3ncial position of the charitable company and to enable them to ensure that the fin3ncial statements comply with the Companies Act 2006. They a￿ also responsible for safeguarding the assets of the charitable company and hence for taking reasonable 5tep5 for the preventiori 3nd detection of fraud and other irregularities. In so far as the trustees are aWa￿- there is no relevant audit information of which the charitable company's auditors are unaware,. and the tru5tee5 have taken all step5 that they ought to have taken to make themselves aware of any Televant audit information and to establish that the auditors are awarè of that information. AUDITORS The audittsrs, Bennewith 2018 knmited (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees incor orating a st￿tegiC report, approved by order of the board of trustees, as the company i 1.1.05...1.. directors, on ....... . nd signed on th& board's behalf by: LLfj MrsMA ams- Trustee P3ge 4 ort of the Inde endent Auditor5 to the Trustees of R des Hill School Guildford Opinion We have audited the financial statements of Rydes Hill School Guildford (the 'chaTrtable company'l for the year ended 31 August 2025 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow Staternent and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their prèparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial 5tstements.. give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII 3nd applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements Section of our report. We 3re independent ot the charitable cornpany in accordance with the ethical requirements that are relevant to our audit of the financial statement5 in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirernents. We believe that the audit evidence we have obtairned is sufficient and appropriate to provide a basi5 for our opinion. Conclusions relatingto going concern See Emphasi5 of matter below. Emphasis of matter We draw attention to Note 19 to the fin3nci315t3tements which explains that the Trustees do not intend for the charity to continue operating in its current form after the financial year ended 31 August 2025. Therefore. they do not consider it to be appropriate to adopt the going concern basi5 of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Nots ZO. Our opinion is not modified respect of thi5 matter. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on th& financial statements does not cover the other information and, except to the extent otherwise explicitly 5taTrd in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, 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 appear5 to be materially mi5Stated. If we id&ntify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the fin3ncial statements themselves. If, based on the work we have performed, we conclude that the￿ is a materia rnisstatement of this other information, we are required t¢ report that fact. We have nothing to report in this regard. Page 5 Re ort of the Inde endent Auditor5 to the Trustees of R des Hill School Guildford 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 Report51 Regulations 2008 require5 US to report to you if. in our opinion.. the information given in the Report of the Trustees is inconsistent in any materlal ￿sPeCt with the financial staternents,. or the charitable company has not kept adequate accounting records,. or the financial statements are not in agreement with the accounting records and return5,' or we have not received all the information and explanation5 we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees Iwho are also th& directors of the charitable company for the purposes tsf company lawl are responsible for the preparation of the financial statsments and for being 5at15fied that they give a true and fair view, and for such internal control as the trustees determine 15 necessary to enable the preparation of financial staternents that are free from material mi$5tatement. whether due to fraud Dr error. In preparing the financial statements, the trustees are responsible for a5S&5sing the charitable company's ability to continue a5 a going COn￿rn, disclosing, as applicable, rnatte￿ 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 6 ort of the Inde endent Auditors to the Trustees of R des Hill school Guildford Our responsibilities forthe audfft of the financial statements We have been 3ppointed as auditor5 under Section 144 of the Charities Act 2011 and report in accordance wffch the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free frotn material mlsstatement. whether due to fraud or error, and to Issue a Report of the Independent Auditors that include5 our pinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detert a material misstatement when it exists. Misstatements can arise from fraud or error and are considered materi81 if, individually or in the aggregate, they could ￿)sonablY be expected to influence the economic decisions of users taken on the basi5 of these financial statements. The extent to which our procedure5 are capable of detecting 1r￿SU1arrtieS. including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and deterrnined the most slgnificant are those that relate to FRS 102 Section IA. pension 13ws and regulations and safeguarding regulations. We as5e5sed the risks of material rnisstatement in respètt of fraud as follows.. Enquiries made of management and those charged with governance as well as the Servi￿ organisation in relation to payroll services - Analytical procedures were used to identify if there were any unusual or unexpected rèlationships Discussions with management to identify any frayd risk fattors of related party relationships and transactions Based on the results of our risk assessment we designed our audit procedures to identify non