Registered number: 00893985
Charity number: 307014
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(FORMERLY VINEHALL SCHOOL LIMITED)
(A company limited by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with Ihe audited financial statements of Vinehall School
Limited for the year 1 September 2023 to 31 August 2024. The Annual report setves the purposes of both a
Trustees, report and a diredors, report under company law. The Trustees confirm that the Annual report and
financial slalements of the charitable company comply with the current slatutory requirements, the requirements
of the charitable company's governing document and the provisions of the Statement of Recommended Practice
ISORPI applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS102) {effedive 1 January 2019).
Companies House convention reqLsires all Trustees at the date of filing to be listed in the accounts- this contains
names of Trustees of the merged school (Marlborough House Vinehall School Limited}
see Grotjp Structure
and Relationships (section el below).
Since the group and the School qualify as small under section 383 of the Companies Act 2006, the Group
strategic report required of medium and large companies under the Companies Act 2006 (Slrategic Report and
Directors. Report) Regulations 2013 has been omitted.
Objectives and activities
a. Objects. Strategic Aim and Intended Effect
The Object of the Company, in accordance with its Articles of Association, is the edLtcation of boys and girls. In
the furtherance of this Object, the Governors, as the charity trustees, have complied with the duty in s.4 of the
Charities Acl 2011 lo have due regard to the Charity Commission's published general and relevant sub sector
guidance concerning the operation of the Public Benefit requirement under that Act.
The Board's strategic aim, is the attainment of the highest academic levels consistent wrth our admissions policy,
helping boys and girls from lower income families who would othe￿ise not be able to afford the fees, to benefit
from our fee-based schooling. This will assist the charily in reaching its annual objective for the public benefit as
a charitable Independent School. At the same time the Board intends to allow,. all pupils to benefit from the
school's extensive extracurricular programme and excellent facilities. This is intended to draw out their abilities
and academic potential," awaken and develop wider interests in life for eventual participation in civil society,. and
motivate them for a successful outcome at their chosen senior school.
b. Objectives for the year
The Board's main objectives were.. (i} lo educate all pupils to the high standard necessary to ensure that they will
be fully able to benefit from Iheir chosen senior school for the completion of their educalion in due course., lil) to
maintain a safe environment for all children,. (iiil to maintain bursary and other funding sources so as to be able
to continue to offer places to promising pupils whose families would not olherwise be able to afford the fees., liv}
to maintain our extensive and first class facilities in excellent condition,. and {v) to progress collaborative working
arrangements with other charities and educational bodies to promote access lo our resources and facilities. Our
strategy for achieving this is to maintain high quality teaching staff, together with a high teacher to pupil ratio., to
tailor our seNices as appropriate in each case to suit individual needs,. to implement an annual programme of
planned maintenance,. and to build up our bLtrsary funds.
Page 2

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectives and activities (continu8d)
c. Prlncipal activity
The School's principal activity continues to be the provision of a day and boarding Preparatory school for boys
and girls from aged 8 to 13 years old" and a Nursery and Pre-Preparatory day school for boys and girls aged
from 2 to 7 years. During the year. an average of 208 pupils attended the school, made up of 104 day pupils and
28 boarders in the Preparatory School and 76 in the Nursery and Pre-Prep. A large number of day children also
undertook temporary boarding during the year as pupils from Year 4 upwards were encouraged to experience
life in the Boarding House.
d. Grant-making policies
Having regard to the requirement for public benefft in the Charities Act 2011. the Governors are committed to
broadening access to the school by offering eligible parents and guardians means tested financial support with
the payment of school fees in the form of bursaries and awards.
Such support. vthich depending on the financial, compassionate or other pertinent circUmstan￿S of applicants,
is subject to review of parental means each year. The level of support is assessed by the Bursar in conjunction
with the Head and approved by Govemors.
During this year we were ab￿ to support 48 pupils through scholarships and bursaries, to a total value of
£398,433. This equates to 1211/0 of gros5 fee income.
e. Volunteers
The Friends of Vinehall continue to assist the school through fundraising for small projects for the school and
other local charities. The Board would like to take this opportunty to say how much we appreciale their valuable
support and contribution to school lrfe.
Achlevements and perfomiance
a. Main achlevements of the School
As an independent school, Vinehall is inspected on a regular basis by the Independent Schools, Inspectorate.
The latest Inspection took place in May 2024 which declared us compliant in all areas, under the new framework
for inspections {F23). In addition to the core values of the school and the kind nature of the children being
recognised and praised, the academic and personal development of the children was found to be of the very
highest of standards.
This year's leavers who are continuing their education in the UK went on to an impressive selection of top senior
schools. Of these, 8 pupils (33 /ol, won academic, music, sports, drama or art scholarships. The schools making
awards included Battle Abbey, Eastbourne, King's Canterbury and Sevenoaks. All other pupils successfully
achieved a place in their first<hoice schools, greatly supported by the high quality of teaching staff.
To build on these high academic achievements, Vinehall embraces an outward looking, forward thinking
programme of study, designed to fully prepare our pupils for the twenty-first century world that awaits them when
they leave us. The principal focus is to continue to be innovative in our approach to teaching and learning. Core
Skills for each subject help pupils (and their parents) better understand where they are in their leaming, where
they are going and how to get there. In each subject, there is a deliberate emphasis on developing higher order
thinking skills
Creating, evaluating, analysing, applying
rather than on memorisation of content, though
knowledge and understanding of key ideas and concepts intrinsically remain at the heart of teaching and
Page 3

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and performance {¢ontinued)
learning.
In Year 7 and Year 8. the Humanities programme prepares children for the ISEB Project Qualification,
developing a wide range of skills which will help them to prepare for the transition to senior schools STEAM is
taught as a curriculum subject in Years 5 & 6. The focus of the STEAM programme is encouraging the children
to 'think like an engineer, and to develop practical problem-solving skills. Along similar lines, Computing, Art and
DT have been linked through project work in order to share common themes and promole shared design and
engineering skills. Also to note, the 'Life Skills, programme (PSHEI reflects the breadth and character of the
content the children are studying. The content of the Life Skills programme ranges from global citizenship and
financial literacy to understanding relationships and mental & physical health and well-being.
A full review of the school's activities is included in an annual publication, the Vinehall School magazine.
b. Financial review
This has been another challenging year. Vinehall is regaining its rightful place in the local independent schools.
market due in no small part to the growing confidence of parents resulting from inclusion in the Repton Family of
Schools and the opportunity now to merge with Marlborough House.
. Going concern
After making appropriate enquires and having received legal and professional financial advice, the Governors
confirm the reasonable expectation that the school has in place a sufficiently robust financial action plan to
ensure the appropriate level of resources are available to meet the Going Concern operating principle.
d. Reserves policy
Unrestricted funds which have not been designated for other purposes are available for use at the discretion of
the Trustees in furtherance of the general objectives of the chanty. The policy is to maintain sufficient cash
reserves to cover any unforeseen circumstances and to accumulate surplus funds to underpin any further
expansion or improvement of facilities. The level of short-term cash reserves is set at one term's net fee income.
Structure, governance and management
Governing document
Vineh811 School Limited was incorporated in England on 14 December 1966, with the liability of tts members
limited to £1 each by guarantee. The Company is governed by ils Articles of AssociatiOT>. It is also a charily
regislered with the Charity Commission for England and Wales. Vinehall School Limited Changed its name on 2
January 2025 and is now known as Marlborough House Vinehall School Limited.
b. Methods of appointment or election of Trustees
The management of the Group and the School is the responsibility of the Tnjstees who are elected and co-opted
under the terms of the Memorandum and Articles of Association.
Page 4

MARL80ROUGH HOUSE VINEHALL SCHOOL LIMITED
{A company limlted by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, governance and management (continued)
c. Governlng Body
The Trustees {subsequently referred to as Govemors), who are also required under the Articles to serve as
members of the Company, are elected at a full Governors, Meeting based on personal recommendations or
proposals from existing Governors or the Head bearing in mind certain specifications conceming eligibility.
These include, but are not limited to, personal competence, specialist skills and experience and local availabilily.
The Governors are aware of the importance of identifying the appropriate mixture of skills and experience
needed to manage the muttifaceted affairs of a modern school and aim to achieve a balanced Board with a Core
of individuals with educational, legal, financial, business and marketing backgrounds. In addition, at least one
Governor is always a parent of children who have been at the school.
d. Inductlon and trainlng of Governors
New Governors are provided with an information pack on the School, which includes the °Guidelines for
Governors. produced by the Association of Governing Bodies of Independent Schools (AGBESI, together with
details of AGBIS e-learning Coufses. They are also invited for a familiarisation visit to the school during which
they will tour the school and meet key members of staff and receive training on safeguarding and child
prote¢tion', and a brief explanation of Board policy and procedures, the Regulatory Requirements laid down by
the Independent Schools Inspectorate (ISI) and the Staff Handbook. Governors are encouraged to attend
relevant national training events and seminars, especially those organised by AGBIS.
e. Pay policy for Senior Staff
The Finance and General Purposes Committee review the salaries for senior staff annually in line with the whole
school salary budget. They then put their recommendations fO￿ard to the Main Board in the summer term. The
Head's appraisal is carried out each year by the Governors supported by an independent consultant once every
three years. Other senior management staff are appraised by the Head annually.
f. Group structure and relationships
Vinehall School is an active member of the Independent Association of Preparatory Schools {IAPS) for the
promotion of all-round excellence in preparatory school standards generally. It is also a member ofAGBIS, ISC,
the Boarding Schools Association (BSA), and the Independent Schools, Bursars Association (ISBA).
On 17 May 2022, Vinehall joined the Repton Family of Schools recognising that there is a shared educational
and pastoral ethos be￿een Vinehall and Repton, focusing on the development of each child's talents in order to
better seNe the community. This exciting partnership helps Vinehall to pre-empt the demands of the ever-more
challenging independent schools, sector and defend against the political and economic factors beyond our
control. Vinehall continues as an outstanding day and boarding coeducational prep school, secure in a bright
and exciting future and will continue to provide the exemplary educational vision and pastoral care for which it
has such a strong reputation. Vinehall's pupils benefit from collaboration with specialists within The Repton
Family of Schools, broadening horizons both academically and in co<urricular activities. Enhanced training and
development opportunities help to maintain the qualty of the staff body, and shared resources promote
operational efficiencies. Above all, offering outstanding educational opportunities remains our core purpose.
Vinehall is part of a family that values each individual, nurturing talent to develop happy, resilient, self-motivated
and confident young people. We firmly believe that this is a forward-thinking, and in many ways a ground-
breaking partnership.
Page 5

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, governance and management (continued}
At 31 August 2024, work was in hand for the mergef of Marlborough House School in Hawkhurst and Vinehall
and for a new school (Marlborough House Vinehalll to be located on the current Vinehall site. On 2 January
2025, 'Vinehall School Limited. was re-titled 'Marlborough House Vinehall School Limited, with Companies
House and the Charily Commission - this wi15 be the first step towards the merged ￿h0O15 on a single site on 1
September 2025. This very exciting enterprise is being led by Repton and more than ever means sharing an
outward-looking, forward-thinking philosophy that is all about giving children the very best chances in our rapidly
changing worfd.
The Vinehall School Foundation, established in 2007, has a range of objectives including sustaining and building
a tradition of benefaction that will be central to Vinehall's development over future years.
Vinehall Education Centre Limited, also established in 2007, is a wholly owned trading subsidiary, the profits of
which are gift-aided to the school. Since Covid-19, no significant trading has been undertaken and again this
year, the account is 'dormant'. As a result of the merger, along with the impending imposition of VAT on school
fees, both the Foundation and the Education Centra accounts have served their purpose and it 15 anticipated that
they will be disestablished next year.
The Vinehall School Music Society, a non profil making organisation now in its 35th season, continues to
organise concerts, which provide a series of opportunities throughout the year for local people lo experience
perfomiances by musicians of national and international standard. Ticket prices are delibeiately as low as
possible and there are a range of concessions lo enable access and encourage attendance_
Despite its rural location, Vinehall is very committed to developing and sustaining links with local maintained
schools in an ongoing endeavour to widen public access to the schooling we provide., to optimise the educational
use of our cultural and sporting facilities,. and to create an awareness in our pupils of the social context of the
education they receive at the school.
Pupils are made aware of their citizenship responsibilities through the personal, social, health and economic
education of the pupils. A stLtdent Charity Committee operates to help choose a number of charitable causes to
support each year_ The parents, staff and children raised £2,400 towards local, national and intemational
charities. The school also raised £250 for the annual Royal Brrtish Legion Poppy Appeal.
g. Organisational management
The Governors meet as a Board at least Ihree times a year to determine the general policy of the Company and
review its overall management and control. for which they are legally responsible. Business is conducted in
accordance with the Guidelines for Governors, a joint publication of AGBIS and the Independent Schools Council
{Isc).
The work of implementing many of the Board's fiscal responsibilities is carried out by the Finance and General
Purposes Committee which meets two or three weeks before each meeting of the full Governing Board,
specifically to review the budget, the management and annual accounts and reports. and to review the progress
of high value and capital projects. It maintains the School Risk Register and monitors the effectiveness of the
system of intemal controls and other viable means. including insurance cover where appropriate. by which those
risks already identified can best be managed and mitigated. It ensures that the Board maintains a continuous
review of activities, particularly regarding health and safety issues, secunty and any major risks that may arise
from time to time.
Page 6

MARL8OROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limlted by guarantee)
TRUSTEES, REPORT (CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, governance and management (continued)
The Academic and Pastoral Committee also meets three times a year and is principally responsible, on behalf of
the Governing Body, for monrtoring compliance with the Educational and Regulatory Requirements laid down by
ISI and for monitoring the school's policies and evaluating their effectiveness. One nominated Govemor reports
termly to the Board on Safeguardin9 and Child Protection issues and developments.
Other Committees, such as the Nominations, Remuneration and Bursary Sub-committee are convened and
meet according to need.
The day-to-day running of the school is delegated to the Head and the Bursar, supported by members of the
Senior Management Team.
h. Risk Management
The Board continues to keep the School's activities under review, particulady wtth regard to health and safety
issues, security and to any major risks that may arise from time to timer. They maintain the School Risk Register
and monitor the effe¢tiveness of the System of internal controls and other viable means, including insurance
cover where appropriate, by which those risks already identified can best be managed and mitigated. It also
monitors compliance wrth the Regulatory Requirements laid down by ISI and the School's policies and evaluating
their effectiveness.
Plans for future periods
Our key objectives for the future are to ensure that we remain a highly reputed and financially affordable Prep,
Pre-Prep and Nursery school in the area. As a result, there will continue to be significant investment in the
recruitment and retention of high-quality staff, resulting in a first class education that is supported by an enviable
array of outstanding facilslies and our beautifully kept grounds.
The Foundation appeal for a new cricket pavilion to be named in honour of Ryan Mitchell, a much-loved member
of Vinehall staff who sadly passed away in 2016 has closed and the funds raised have been utilised to build a
replacement for the existing pavilion named in his memory which opened in May 2024.
The re¢ent cost of living crisis and the threat of VAT on independent school fees has affected the affordability of
independent school for many parents. In response to this changing environment the school continues to draw
upon the benefits of being part of the Repton Family of Schoo15 through a range of strengthened financial,
academic and governance arrangements.
As reported previously and following a comprehensive staff consuftation. Vinehall has now closed membership of
the Teachers, Pension Scheme to new joiners.
Post Balance Sheet Event
In September 2024, it was announced publicly that Vinehall School and Marlborough House School would merge
effective from September 2025. The new School will be kn¢)wn as Marlborough House Vinehall and will operate
from the existing Vinehall site. Vinehall School Changed its name to Marlborough House Vinehall School Limited
on 2 January 2025.
Page 7

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Disclosure of infomiation to auditors
Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that..
so far as that Governor aware, there is no relevant audit information of which the charitable group's
auditors are unaware, and
that Governor has taken all the steps that ought to have been taken as a Governor in order to be aware of
any relevant audit information and to establish that the charitable group's auditors are aware of that
infofmation.
Auditors
The auditors, TC Group, have indicated willingness lo continue in office. In accordance with Section 385 of the
Companies Act 2006, a resolution proposing the reappointment of the auditors will be put to a meeting of the
Governors.
Approved by order ofthe members of the board of Trustees on 20 May 2025 and signed on their behalf by".
D Lewis
Chair of Governors
Page 8

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees (who are also the directors of the School for the purposes of company law) are responsible for
preparing the Trustees. report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for oach financial year. 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 Group and the School and of their incoming resources and application of
resources, including their income and expenditure, for that period. In preparing these financial stalements, the
Twstees are required to=
seled suitable accounting policies and then apply them consistently-
observe the methods and principles of the Charities SORP {FRS 102)",
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Group and the School's transactions and disclose with reasonable accuracy at any time the financial position
of the Group and the School and enable them to ensure that the financial statements comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the Group and the School and hence for
taking reasonable steps for the prevention and detedion of fraud and other irregularities.
Page 9

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limlted by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MARLBOROUGH HOUSE VINEHALL
SCHOOL LIMITED
Opinion
We have audited the financial statements of Marlborough House Vinehall Schi)ol Limited (the 'parent charitable
company'j and its subsidiaries {the 'group') for the year ended 31 August 2024 which comprise the Consolidated
statement of financial activities, the Consolidated balance sheet, the School balance sheet, Ihe Consolidated
statement of Cash flows and the related notes, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accountin9 Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable
in the UK and Republic of Ireland, (Unrted Kingdom Generally Accepted Accounting Practice}.
In our opinion the financial statements..
give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31
August 2024 and of the Group's 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 Ad 2006 and the Charities
Act2011.
Basis for opinion
We conducted our audit in accordance WEth International Standards on Auditing (UK} (ISAS {UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the finar)cial statements section of our report. We are independent of the Group in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropTiate to provide a basis for our opinion.
Conclusions relating to going ¢on¢ern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the Pfeparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the Group's or the parent charitable
company's ability to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page10

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MARLBOROUGH HOUSE VINEHALL
SCHOOL LIMITED (CONTINUED)
Other information
The other infomation comprises the information included in the Annual report other than the financial statements
and our Auditors, report Ihereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial statemenls does not cover the other information and. except to the
extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the Course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themsefves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fad.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the infomiation given in the Trustees, report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the Charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion..
the parent charitable company has not kept adequate and sufficient accountin9 records, or retLsrns
adequate for our audit have not been received from branches not visited by us., or
the parent charitable company financial statements are not in agreement with the accounting records and
retums.. or
certain disclosures of Trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit., or
the Trustees V￿re not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, report and
from the requirement to prepare a Strategic report.
Page11

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF MARLBOROUGH HOUSE VINEHALL
SCHOOL LIMITED (CONTINUED)
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that Ihey give a true and faif view, and for such internal control as the
TrLEStees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible fof assessing the Group's and the parent
charitable company's ability to continue as a going concern. disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group
or the parent charrtable company or to cease operations, or have no realistic alternative but to do so.
Auditors. responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK} will atways detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, ale instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities.
including fraud. The extent lo which our procedures are capable of detecting irregulaflties, including fraud is
detailed below-.
Extent to which the audit was considered capable of detecting irregularities, including fraud
The objectives of our audit, in respect to fraud, are.. to idenlify and assess the risks of material misstatement of
the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks
of material misstatement due to fraud, through designing and implementing appropfiate responses", and to
respond appropriately to fraud or suspected fraud identified during the audrt. However, the primary responsibility
for the prevention and detection of fraud rests with both those charged with governance of the entity and its
management.
Our approach was as follows..
We identified areas of laws and regulations that could reasonably be expected to have a material effect on
the financial statements from our general commercial and sector experience, and through discussion with
the directors and other management (as required by auditing standards), and discussed with the directors
and other management the policies and procedures regarding compliance with laws and regulations.
We identified the following areas as those most likely to have such an effect.. health and safety; General
Data Protection Regulation (GDPRI,. fraud,. bribery and corruption and employment law. Auditing
standards limit the required audit procedures to identify non-compliance with these laws and regulations to
enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if
any.
We considered the legal and regulatory frameworks directly applicable to the financial statements
reporting framework IFRS 102 and the Companies Act 2006 and the Charrties Act 20111 and the relevant
tax compliance regulation5 in the UK.,
Page 12

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company Ilmited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MARLBOROUGH HOUSE VINEHALL
SCHOOL LIMITED (CONTINUED)
We considered the nature of the group's operations, the control environment and business performan￿,
including the key drivers for managemenfs remuneration.,
We communicated idents'fied laws and regulations throughout our team and remained alert to any
indications of non-compliance throughout the audit.,
We considered the procedures and controls that the group has established to address risks identified, or
that othe￿iSe prevent, deter and detect fraud., and how senior management monitors those programmes
and controls.
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and
regulations. Where the risk was considered to be higher, we performed audit procedures to address each
identified fraud risk. These procedures included.. testing manual journals., reviewing the financial statement
disclosures and testing to supporting documentation; performing analykn'cal procedures" and enquiring of
management, and were designed to provide reasonable assuran￿ that the financial statements were free from
fraud or error.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstaternents in the financial statements, even though we have properly planned and performed our
audit in accordance with auditing standards. For example, the further removed non-compliance with laws and
regulations (irregularities) is from the events and transactsons reflected in the financial statements, the less likely
the inherently limited procedures required by auditing standards would identify it. The risk is also greater
regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment,
forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-complian￿ and
cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or
.ukJauditorsres
onsibilities. This description forms part of our
Auditors, report.
Use of our report
This report is made solely to the charitable companrfs members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an Auditors, report and for no
other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other
than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions
we have formed.
Tc
David Martin FCA (Senior statutory auditor)
for and on behalf of
TC Group
Statutory Auditor
Office: Lewes
22 May 2025
Page 13

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Charitable activities
Other trading acb'vities
Investments
3.358,325
141,559
38,689
3,358,325
141.559
38,689
2.912,499
91,322
22,572
Total income
3,538.573
3,538,573
3,026,393
Expenditure on:
Raising funds
Charitable activities
other expenditure
51,493
4.401,903
51,493
4,401,903
50,747
4,119,281
23
Total expenditure
4,453,396
4,453.396
4, 170,051
Net expenditure
Transfers between funds
(914,823)
62,715
1914,823) (1, 143,658)
18
{62,715}
Net movement in funds
(852,108
(62,715)
(914,823) (1, 143,658)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
2,070.434
1852,108)
106,338
162.715
2,176,772
3,320,430
1914,823) (1, 143,658)
Total funds carried fO￿ard
1,218,326
43,623
1,261,949
2, 176, 772
The Consolidated statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 19 to 37 form part of these financial statements.
Page 14

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: 00893985
CONSOLIDATED BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Flxed assets
Tangible assets
Current assets
12
278,855
145,507
Stocks
Debtors
Cash at bank and in hand
14
15
513
321,388
1,848,168
513
211,632
2, 691, 706
2,170.069
2,903, 851
Creditors.. amounts falling due within one
year
16
(996,749
(688, 992)
Net current assets
1.173,320
2,214,859
Total assets less current liabilities
1,452,175
2,360,366
Credttors.. amounts falling due after more
than one year
17
1190,226)
(183,594)
Total net assets
1,261,949
2, 176, 772
Charity funds
Restricted funds
Unrestricted funds
18
18
43,623
1.218,326
106,338
2,070,434
Total funds
1.261,949
2, 176, 772
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the TNstees on 20 May 2025 and signed on
their behatf by:
D J Lewis
Chair of Governors
The notes on pages 19 to 37 fomi part of these financial statements.
Page 15

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee
REGISTERED NUMBER: 00893985
SCHOOL BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
12
13
278,855
100
145. 506
100
278,955
145, 606
Current assets
stocks
Debtors
Cash at bank and in hand
14
513
321,388
1,848.068
513
15
211,632
2,691,606
2,169,969
2, 903, 751
Creditors.. amounts falling due within one
year
16
{996.749)
(688, 991)
Net current assets
1.173,220
2,214, 760
Total assets les5 current liabilities
1.452,175
2, 360, 366
Creditors.. amounts falling due after more
than one year
17
(190.226)
(183,594)
Total net assets
1,261,949
2, 176, 772
Charity funds
Restricted funds
Unrestricted funds
18
18
106.338
1,155,611
706,338
2,070,434
Total funds
1,261,949
2, 176, 772
The Trustees acknowledge their responsibilities for complying Wlth the requirements of Ihe Act with respect to
accounting records and preparation of financial stalements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 20 May 2025 and signed on
their behalf by..
D J Lewis
Chairof Governors
Page 16

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limlted by guarantee)
REGISTERED NUMBER: 00893985
SCHOOL BALANCE SHEET {CONTINUED)
AS AT 31 AUGUST 2024
The notes on pages 19 to 37 form part of these financial statements.
Page 17

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Cash flows from operating a¢tivities
Net cash used in operating activities
1728,915} (1.098,811)
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
38,689
22,572
{153.3121 (127, 618)
Net cash used in investing activities
1114,6231
1105,0461
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
1843,538) {1,203,8571
2,691,706
3, 895,563
Cash and cash equivalents at the end of the year
1.848,168
2,691, 706
The notes on pages 19 to 37 fonn part of these financial statements
Page18

MARLBOROUGH HOUSE VINEHALL SCHOOL UMITED
IA company Ilmlted by guarants8)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General informatlon
The school is a company limited by guarantee. The registered office is Vinehall Road. Robertsbridge, East
Sussex, TN32 5JL. The members of the company are the govemors named on page 1. In the event of
the school being wound up, the liability in respect of the guarantee is limited to £1 per member of the
school.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Companies Act 20[￿.
Marlborough House Vinehall School Limited meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otheNiise stated in the relevant accounting policy.
The financial statements are presented in sterling (£) and rounded to the nearest £.
The Consolidated ststement of financial activities {SOFA> and Consolidated balance sheet
consolidate the financial statements of the Group and its subsidiary undertaking. The results of the
subsidiary are consolidated on a line by line basis.
The Group has taken advanlage of the exemption allowed under section 408 of the Companies Act
2006 and has not presented its own Statement of financial activities in these financial statements.
2.2 Going con¢ern
The Govemors assess whether the use of going concern is appropriate 1.8. whether there are any
material uncertainties related to events or condrtions that may cast significant doubt on the abilty of
the school to continue as a going concern. The Govemors make this assessment in respect of a
period of at least one year from the date of authorisation for issue of the financial slatements have
concluded that the school has adequate resources to continue in operational existence for the
foreseeable future and there are no material uncertainties about the school's ability to continue as a
going concern, thus they continue to adopt the going concem basis of accounting in preparing the
financial statements.
Page 19

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.3 Income
All income is recognised once the School has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation_
Income tax recoverable in relation to investment income is recognised at the time the investment
income is re￿1Vable.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of Ihe service.
2.4 Expenditure
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs
of disseminating infotmation in support of the charitable activities_ Support costs are those costs
incurred directly in support of expenditure on the objects of the company and include project
management. Governance costs are Ihose incurred in connection with administration of the school
and compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds_
Charitable activities and Governance costs are costs incurred on the school's educational operations,
including support costs and costs relating to the governance of the school apportioned to charitable
activities.
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its
charitable purposes and includes costs of all fundraising activities events and nonHcharitable Irading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT which is included in the item of expense to which it
relates.
Page 20

MARLBOROUGH HOUSE VINEHALL SCHOOL UMITED
(A company limited by guaranteg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £3,000 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition. under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into rt5 intended working condition should be
included in the measurement of cost.
At each reporting date the School assesses whether there is any indication of impaimient. If such
indication exists, the reCove￿ble amount of the asset is detemiined to be the higher of its fair value
less costs to sell and its value in use. An impairment loss is recognised where the Carrying amount
exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives using the straight-line method.
Depreciation is provided on the following bases..
Buildings
Assets under construction
Motor vehicles
Fixtures and fittings
Office equipment
Straight line over 20 years
Not depreciated until ready for use
Straight line over 5 years
Straight line over 15 years
Straight line over 5 years
Gains and losses on disposals are detemiined by Comparing the proceeds wtth the caTrying amount
and are recognised in the Consolidated statement of financial activities.
2.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on
investments, in the Consolidated statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
2.7 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 21

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-tenn highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Liabilities and provisions
Liabilities are recognised when there is ar7 obligation at the Balance Sheet date as a result of a past
event, il is probable that a transfer of economic benefft will be required in settlement, and the amount
of the settlement can be eslimated reliably.
Liabililies are recognised at the amount that the School anticipates it will pay to settle the debt or the
amount tt has received as advanced payments for the goods or sesvices it must provide.
Provisions are measured at the best eslimate of the amounts reqltired to settle the obligation. Where
the effect of the time value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwiriding of the discount is recognised in the Consolidated statement of financial activilies as a
finance cost.
2.11 Financial instruments
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.12 Operating leases
Rentals paid under operating leases are charged to the Consolidated statement of financial activities
on a straight line basis over the lease term.
2.13 Pensions
The school operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the school lo the fund in respect of the year.
The school operates a defined benefits pension scheme. The scheme is a multi employer scheme
where it is not possible, in the normal course of events, to identify on a consistent and reasonable
basis, the share of underlying assets and liabilities belonging to individual participating employers.
Therefore, as required by FRS 102,, the school accounts for this scheme as if it was a defined
contribulion scheme. The amount charged lo the statement of financial activities represents
contributions payable to the scheme in respect of the accounting period.
Page 22

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (contlnued)
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
Purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from charitable activities
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
School fees receivable
Extra School services
3,119,412
238,913
3.119,412
238,913
2, 680, 883
231.616
Totsl 2024
3,358,325
3,358,325
2,912,499
Total 2023
2,910,131
2,368
2,912,499
Page 23

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from other trading activities
Income from fundraising events
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Letting income
Sundry sales
Music Society
83,291
7,977
50,291
83,291
7,977
50,291
51,421
8, 866
31,035
141,559
141.559
91,322
Total 2023
91,322
91,322
Investment income
Unrestricted
funds
2024
Total
funds
2024
Tolal
funds
2023
Bank interest receivable
38,689
38,689
22,572
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Total
2023
Education
4,401,903
4,401,903
4,119,281
Total 2023
4, 118,781
500
4, 119,281
Page 24

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Other expenditure
Unrestricted
funds
2024
Totsl
funds
2024
Total
funds
2023
Loss on disposal of fixed assets
23
Analysis of expenditure by activitles
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Education
2,908,980
1,492,923
4,401.903
4, 119,281
Total 2023
2, 686, 839
1,432,442
4,119,281
Analysis of direct costs
Total
funds
2024
Total
funds
2023
Staff costs
Other costs
Awards and bursaries
Govemance costs
1,852.377
1,043.400
1,695,968
977,650
13,203
12.721
2,908,980
2, 686, 839
Page 25

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by activities (continued)
Analysis of support Costs
Total
funds
2024
Total
funds
2023
Staff costs
Depreciation
Other costs
Governance costs
766,515
19,964
687.247
19,197
724,819
4,402
676.409
26,812
1,492,923
1, 432,442
Auditors. remuneration
2024
2023
Fees payable to the School's audrtor for the audit of the School's annual
accounts
17,050
15,500
Fees payable to the School's auditor in respect of..
All assurance setvices not included above
925
924
10.
Staff costs
Group
2024
Gmup
2023
School
2024
School
2023
Wages and salaries
Social security costs
Pension costs
2,147,407
186,220
298,468
1,985,816
165,035
282, 657
2,147,407
186,220
298,468
1,985,816
165, 035
282, 657
2,632,095
2,433, 508
2,632.095
2,433,508
Page 26

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
IA company Ilmlted by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Staff costs (continued)
The average number of persons employed by the School during the year wa$ as follows:
Group
2024
Group
2023
Teaching - full time
Teaching - part time
Welfare
Premises
Support
19
28
19
27
16
14
13
14
85
81
The number of employees whose employee benefrts (excluding employer pension costs) exceeded
£60,000 was:
Group
2024
Group
2023
In the band £60.001- £70,000
In the band £70.001- £80,000
In the band £80,001- £90,000
In the band £90,001- £100,000
In the band £100.001- £110,000
Key management personnel were paid remuneration of £230,745 during the year (2023 - £198,496).
Pension costs above includes £12.618 (2023 - £11,715) in respect of pensions paid to former employees.
Governor5 indemnity insurance costs estimated at £1,102 (2023 - £910) were incurred during the year.
Page 27

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 August 2024, expenses totalling £402 were reimbursed or paid directly to
Trustee (2023- £1551.
12. Tangible fixed assets
Group and School
Assets
under con-
struction
Motor
Fixtures
Office
vehicles and fittings equipment
Buildings
Total
Cost or valuation
At 1 September 2023
Additions
Transfers bebmeen
classes
72,691
142,881
6,620
6,600
68,001
3,831
370.174
517,486
153,312
215.572
(215.5721
At 31 August 2024
215.572
13.220
71,832
370,174
670.798
Depreciation
At 1 September 2023
Charge for the year
6,620
1,100
12,795
3.683
352,564
4,402
371.979
19,964
10,779
At 31 August 2024
10.779
7,720
16,478
356,966
391,943
Net book value
At 31 August 2024
204,793
5.500
55,354
13,208
278.855
At 37 August 2023
72,691
55, 206
17,610
145,507
Page 28

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limrted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Fixed asset Investments
Investments
In
subsidiary
companies
School
Cost or valuation
At 1 September 2023
100
At 31 August 2024
100
Net book value
At 31 August 2024
100
At 31 August 2023
100
14. Stocks
Group
2024
Group
2023
School
2024
School
2023
Consumables, books and provisions
513
513
513
513
15.
Debtors
Group
2024
Group
2023
School
2024
School
2023
Due within one year
Fees
Other debtors
Prepayments and accrued income
256,889
4,595
59.904
153, 095
54, 082
4,455
256,889
4,595
59,904
153, 095
54,082
4,455
321,388
211,632
321,388
271,632
Page 29

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Creditors: Amounts falling due within one year
Group
2024
Group
2023
School
2024
School
2023
Fees received in advance
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
540,597
38.137
39,461
76,892
301,662
248,010
160, 380
38,366
67,251
174,985
540,597
38,137
39.461
76,892
301,662
248.010
760,380
38, 366
67,251
174,984
996.749
688,992
996,749
688,991
17.
Creditors: Amounts falling due after more than one year
Group
2024
Group
2023
School
2024
School
2023
Pupil deposits
190,226
183,594
190,226
183,594
Page 30

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
18. Statement of funds
Statement of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Transfers
inlout
Income Expenditure
Unrestricted funds
General Funds
2,070,434
3,538,573 14,453,396)
62,715
1,218,326
Restricted funds
Foundation Fund
Pavilion Fund
Year 8 leaving fund
Hardship Fund
22,011
62,715
1,128
20,484
22,011
162,715)
1,128
20,484
106,338
162,715)
43.623
Total of funds
2,176,772
3,538,573 (4,453,396)
1,261,949
Page 31

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
18. Statement of funds (continued)
ststement of funds- prior year
Balance at
I September
2022
Balance at
31 Augusl
2023
Income Expenditure
Unrestricted funds
General Funds
3,215,960
3, 024,025 (4, 769, 551)
2,070,434
Restricted funds
Foundation Fund
Pavilion Fund
Year 8 leaving fund
Hardship Fund
20, 143
62,715
1, 128
20,484
2,368
(500)
22,011
62.715
1,128
20,484
104,470
2, 368
(500)
106,338
Total of funds
3, 320, 430
3, 026, 393 (4, 170, 051)
2, 176, 772
The Foundation Fund represents funds set aside to provide bursary awards to students and capital
projects.
The Pavilion Fund represents funds received in relation to the new proposed cricket pavilion building.
Year 8 leaving fund represents funds received from year 8 leavers lo be used for the recreation room in
the school.
Hardship Fund represents several very generou5 parents donated to a Covid Hardship fund to support
other families financially disadvantaged by the Pandemic and the resulting lockdown.
Page 32

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
19. Analysls of net assets between funds
Analysis of net assets between funds - current period
Unrestrlcted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
278,855
2,126,446
(996,749)
(190,226)
278,855
2,170,069
1996,7491
{190,226)
43,623
Total
1,218,326
43,623
1.261,949
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Restncted
funds
2023
Total
fvnds
2023
Tangible fixed assets
Current assets
C￿dItorS due within one year
Creditors due in more than one year
82, 792
2, 860,228
(688, 992)
(183, 594)
62,715
43, 623
145,507
2, 903,851
(688.992)
(183,594)
Total
2, 070,434
106,338
2, 176, 772
Page 33

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20. Reconciliation of net movement in funds lo net cash flow from operating activities
Group
2024
Group
2023
Net expenditure for the period las per Statement of Financial Activities)
(914,823) (1, 143, 658)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Increase in debtors
Increase in creditors
Increase in long term creditors
19,964
(38,689
(109,756)
307,757
6,632
4.402
(22,572)
(97.390)
142,141
18,266
Net cash used in operating activities
(728.9151 {1.098,811)
21.
Analysis of cash and cash equivalents
Group
2024
Group
2023
Cash in hand
1,848,168
2,691, 706
Total cash and cash equivalents
1,848.168
2,691, 706
22. Analysis of changes in net debt
At1
September
At31
2023 Cash flows August 2024
Cash al bank and in hand
2.691,706
1843,538) 1,848,168
2,691,706
{843.538) 1,848,168
Page 34

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company Ilmlted by guarante6)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
23. Penslon Commitments
The School operates two pension schemes for the benefit of employees. The Teachers, Pension Scheme
(TPS), a defined benefit scheme, is available to all teachers. All other staff can enter a defined
contribution scheffle.
Defined contrlbution
The assets of the scheme are held separately from those of the School in an Independent￿ administered
fund. Contributions to the scheme are charged to the Statement of Financial Adivities as they fall due.
Contributions payable by the company in the year amounted to £134,461 (2023 £93,838). £Nil
(2023 - £Nil) was outstanding at the balance sheet date.
Teachers, Pension Scheme
The Teachers, Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by
the Teachers, Pension Scheme Regulations 2014. Membership is automatic for full time teachers in
schools and, from l January 2007, automatic for teachers in part time employment following appointment
or a change of contract, although they are able to opt out.
The TPS is an unfunded scheme to which both the member and employer makes contributions, as a
percentage of salary - these contributions are credited to the Exchequer. Retirement and other pension
benefrts are paid by public funds provided by Parliament.
Valuation of the Teachers. Pension S¢heme
The Government Actuary, using nomial actuarial principles, conducts a fomial actuarial review of the TPS
in accordance with the Public Service Pensions Ivaluations and Employer Cost Cap) Directions 2014
published by HM Treasury every 4 years. The aim of the review is to ensure scheme costs are recognised
and managed appropriately and the review specifies the level of future contributions.
Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of
benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March
2020. The valuation report was published by the Department for Education on 27 October 2023, with the
SCAPE rate, set by HMT. applying a notional investment return based on 1.70/0 above the rate of CPI. The
key elements of the valuation outcome are..
Employer contribution rates set at 28.680A of pensionable pay (including a 0.08 /¢ administration
levy). This is an increase of 50A in employer contributions and the cost control result is such that no
change in member benefits is needed.
Total scheme liabilities (pensions currently in payment and the estimated cost of future benefits)
for service to the effective date of £262,000 million and notional assets (estimated future
contributions together with the notional investments held at the valuation date) of £222.200 million,
giving a notional past service deficit of £39,800 million.
The result of this valuation will be implernented from 1 April 2024. The next valuation result is due to be
implemented from 1 April 2028.
The employerfs pension costs paid to TPS in the period amounted to £152.424 (2023 - £185,627).
A copy of the valuation report and supporting documentation is on the Teachers, Pensions website. Under
the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The school is
unable to identify its share of the underlying assets and liabilities of the plan.
Page 35

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
23. Pension commitments lcontinued)
Accordingly, the school has taken advantage of the exemption in FRS 102 and has accounted for its
contributions to the scheme as if it were a defined contribution scheme. The school has set out above, the
information available on the scheme.
24. Operating lease commitments
At 31 August 2024 the Group and the School had commitments to make future minimum lease payments
under non-cancellable operating leases as follows".
Group
2024
Group
2023
School
2024
School
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
89,539
354,378
1,526,860
93,001
355, 921
1,615, 101
89,539
354.378
1,526,860
93,001
355,921
1,615,101
1.970,777
2, 064, 023
1,970.777
2,064,023
The premises was subject to a sale and leaseback agreement with the title being transferred on 23 May
2022_ The lease runs for a term of 25 years from and including 2022. Rent is charged at £100,000 per
annum subject to a rent review in 2027 and every fifth anniversary. The rent is subject to a 3 year rent
free period.
25. Related party transactions
Latham Education Limited, a company under the Control of L Wu, a trustee has a lease agreement with
Marlborough House Vinehall School Limited for tenancy of the school premises. The property has been
leased to the School over a period of 25 years starting 23 May 2022, the first 3 years being on a rent free
basis. Rental expenditure of £88,000 (2023 £88,000) has been recognised within support costs. The
outstanding liability recognised at the year end was £201,79712023 - £113.797).
No other related part transactions took place in the period of account, other than certain trustees,
expenses already disclosed in note 11.
26.
Post balance sheet events
In September 2024, it was announced publicly that Vinehall School and Marlborough House School would
merge effective from September 2025. The new School will be known as Marlborough House Vinehall and
will operate from the existing Vinehall sile. Vinehall School changed its name to Marlborough House
Vinehall School Limited on 2 January 2025.
Page 36

MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
27. Controlling party
The charitable company is controlled by the Board of Governors, who are the trustees and directors under
company law.
28. Princlpal subsidiaries
The following was a subsidiary undertaking of the School..
Name
Company
number
Registered office or principal Class of Holding
place of business
shares
Vinehall Education Centre
Limited
06629667
Vinehall Road, Robertsbridge.
East Sussex, TN32 5JL
Ordinary
1000
The financial results of the subsidiary for the year were-.
Name
Net assets
Vinehall Education Centre Limited
100
The trading subsidiary was dormant during the year and there was no income or expenditure for the year.
Page 37