Registered number: 00893985 Charity number: 307014 MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED (formerly Vinehall School Limited) {A company limlted by guarantee> TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company Ilmlted by guarantee) CONTENTS Page Reference and admlnlstratlve detalls of the School. Its Trustees and advisers Trusts8$' r&port Indapèndent audltors. report on the flnanclal statements 9-12 Consolidated statement of financial activities 13 Consolidated balance sheet 14 School balance sheet 15 Consolldated statement of cash flow5 16 Note5 to the financial statements 17-28
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA cornpany limited by guaTanteo} REFERENCE AND ADMINISTRATIVE DETAILS FO THE SCHOOL. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 TnEStees S J Greig Ichalitnanl S F Cloke lappoinled 2 January 20251 K P Couldrey V Harding S Hodson lappoinled 2 January 20251 D Z L Lewis Ire5ign8d 21 November 20251 M Mahaff8y C A Marshall lappoinled 2 JanuaIy 20251 S Reeves (appointed 2 January 20251 J D Wilton (resigned 31 December 20241 Lwu Company registered number 00893985 Charity registered number 307014 Reglstered office Vinehall Road Robertsbridge East Sussex TN32 &JL Headma5ter5 J Pow5 Bsc E J Newion BA Icantabl Company SeGratar1é5 W R Walker E J Newkon BA Icantsbl Independent audltors Haysmac LLP 10 aueen Street Place London EC4R IAG Bankers National We51minster Bank PIC Hav81ock Road Hastings East Sussex TN34 1GW 5oll¢ltors Veale W8sborough VIz8rds LLP PO Box 3501 6S2 2FL
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company limit8d by guaranteé) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their first combined Annual Report and the audlled flnanclal statements for the year ended 31 August 2025 for Marlborough House Vlnehall School Limlled I'lhe School'l. These accounts reflect three academic terms forvinehall School and two academic terms from January 2025 lor Marlborough House S¢hool. The Trustees (who are also Schoo1 Governors as well as the Directors of MarlbomLJgh House Vinehall School Limited for the purposes ol Company Lawl and who served during the year and up lo the dale of this report. are sel out on page 1. The Trustees confirm that the Annual Report and financial slalemenls of the charitable company comply with Ihe current slalulory requirements, the requirements of the charitable company's goveming document and the provisions of the Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK IFRS 1021 leffeclive 1 January 20191. structure* governance and management a. Govemlng Document Following the merger of Marlborough House School and Vinehall School Litniled the company changed ils name from Vinehall School Limited to Marlborough House Vinehall S¢hool Limited on 2 January 2025. The liability of its members is limited to £1 each by guarantee. The Corllpany is governed by ils Articles of Association. 11 is also a charity registered with the Charity Commission for England and Wales. b. Governlng Body The Trustees {subsequenlty referred lo as Governors), who ar8 also required under the Article8 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 rtain specifications concerning eligibility. These include, bul are not limited lo. personal competence. specialist skills and experience and local 8vailabilily. The Governors are aware of the importance of identifying the appropriale mixture of skills and experience needed lo manage Ihe multifaceted affairs of a modern schaol and aim lo achieve a bal8nced Board with a core of individuals with educational, legal, financial, business and marketing background5. In addition. at least one Governor is always a parent of children who have been al the school, The Govemors who served during the year are shown below.. Mrs S J Grelg {Chalrman) Mr S F Cloke (appointed 2 lanuary 2025) M5 K P Couldrey Mrs V J Harding Mr S J Hodson (appointed 2 January 2025) Mr D Z Lewis (resigned 21 November 2025) Mr M Mahaffey Mrs C A Marshall (appointed 2 January 2025) Mrs S Reeves (appointed 2 lanuary 2025) Mr J D Wilton (resbgned 31 December 2024) MrLWu c. Mothods of appolntment or electlon of Trustees The Fnanagemenl of the Group and the School is the responsibility of the Trustees who are elected and co- opted under the terms of the hAemorandum and Articles of Association.
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED (A company Ilmlted by guaranlee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 d. Trustee tralnlng New Governors are provided with an information pack on the S¢hool, which includes the "Guidelines for Governors" produced by the Association of Governing Bodies of Independent Schools IAGBISI, logelher with details of AGBIS e-leaming courses. They afft also Invited for a familiarisation visit to the School during which they will lour the School and meet key members of staff and receive training on safeguarding and child proleclion.. and a brief explanation of Board policy and procedures, the Regulalory Requirements laid down by the Independent Schools Inspectorate IISII and the Staff Handbook. Govemors are encouraged io altend relevant national training events and seminars, especialty those organised by AGBIS. e. Organisational management The Governors meet as a Board at least three limes a year to determine the general policy of the Cornpany and review its overall management and control, for which they are legally responsible. Business is conducted in accordance with th& Guidelines for Governors, a ioinl publication of AGBIS and the Independent Schools Council IISCI. The work of implementing many of the Board's fiscal responsibilities is carried out by the Finance and General PLJrposes Commillee which meets two or three weeks before each meeting of the full Governing Board, 8pecific8lly lo review the budget. the management and annual accounts and reports, and lo rèvlew the progress of high value and capital projects. 11 maintains the S¢hool Risk Register and monitors the effectiveness of the system of internal controls and other viable means, including insurance cover where appropriate, by whi¢h those risks already identified can best be managed and mitigated. It ensures that the Board maintains a continuous review of aclivilies, particularly regarding health and safety issues, security and any major iisks that may arise from lime lo lime. The Academic and Pastoral Committee also meets three limes a year and Is principally responsible, on behalf of the Governing Body, for monitoring compliance wlh the Educational and Regulatory Requirements laid down by ISI and for monitoring the school's policies and evaluating their effectiveness. One nominated Governor reports lermly lo the Board on Safeguarding and Child Protection issues and developments. Other Commlttees. such as the Nominations, Remuneration and Bursary Sub-committee are convened and meet accordlng lo need. The day-to-day running of the School is delegated lo the Head and the Bursar, supported by m8mbers of the Senior Management Team. After the year end. the Headmaster Mr Eddy Newton announced his resignation and will leave the School in August 2026. Mr Joff Powis ll11 lake over as Headmaster from September 2026. f. Pay pollcy for senlor staff The Finan and General Purposes Committee review the salaries for senior staff annually in line with the whole school salary budget. Thay then pul Ih8ir recommendations forward lo the Main Board in the summer term. The Head's appralsal is carried out each year by the Governor8 supported by an Independent consultant once every three years. Other senior management staff are appraised by the Head annually. g. Group structure and relatlonshlps Marlborough House Vinehall School is an active member of the Independent Association of Preparatory Schools IIAPSI for the promotion of all-round excellence in preparatory school standards generally. It is also a member of AGBIS, ISC, the Boarding Schools Association IBSAI, and the Independent Schools, Bursars
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED (A ¢ompany limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Associallon IISBAI. On 31sI December 2024 Marlborough House School and Vinehall School merg8d to Create Marlborough House Vinehall School. For th$ remainder of the academic year, both schools conlinu8d lo operate on separate siles and came together on the Vinehall sile as of 1 Bl Seplernber 2025. This merger was due lo a recognition that there was a sh8red educational and pastoral ethos between Vinehall and Marlborough House, focusing on the development of each child's talents in order lo belter serve the community. This exciting merger will help Marlborough House Vinehall to preompt ihe demands of a rapidly changing independent schools. sector and defend against the uncertainly of poli11¢81 and economic factors beyond our control. Marlborough House Vinehall will continue as an outstanding day and boarding co-educational prep school, secure in a bright and excilirig future and will continue lo provide the exemplary educational vision and pastoral care for which both individual schools have such a strong reputation. As a member of the Replon Family of Schools, Marlborough House Vinehall School puplls will benefll hugely from eollaboralion with specialists wllhin The Replon Famlly ol Schools, broadening horizons both academically and in co-curricular activities of all kinds. Enhanced training and development opportunities will help to maintain the quality of the staff body, and shared resources will promote operational efficiencies. Above all. offering outstanding educational opportunities remains our core purpose. Marlborough House Vinehall is part of a family that values each individual child, nurturing talent to develop happy, resilient, self- motivated and confident young peop18. We lirmly b8li8va th81 this is 8 foM8rd-Ihinking, and in many ways a ground-brtsaklng partnership. The International Classical Concert Series al MHV (formerly Vinehall School Music Society). a non-profit making organisalion now in its 361h season, continues lo organise concerts. which provide a series of opportunities throughout the year for local people lo experience perfo¥mances by musicians of national and international standard. Ticket prices are deliberately as low as possible and there are a range of concesslons lo enable access and encourage 8llendance. Despite ils rural location, Marfborough House Vinehall is very commilled k) developing and sustaining links with local maintained schools in an ongoing endeavour lo widen public access to the schooling we provide., lo oplimise the educational use of our cultural and sporting facilities., and lo create an awareness in our pupils of the soci81 context of the education they r8celve al the school. Pupils are made aware of their citizenship responsibilities through the personal. social, health and economic education of the pupils. A sludenl Charity Comrnillee operates lo help choose a number of charitable causes lo support each year. The parents, staff and children raised £2,473 towards local, national and international charities. The school also raised £260 for the annual Royal British Legion Poppy Appeal. Ob5ect, Publlc Beneflt Alms. Oblectives and Principal Activities
. Object
The Object of the Company, in accordance with Its Articles of Association, Is the educallon of boys and glrls. In the further8n¢e of this Object, the Governors, as the charlty Iruslees, have complled wllh the duly In s.17 of the Charities Act 2011 to have due regard lo the Charity Commission's published general and relevant sub-seclor guidance concerning the operation of the Public Benefit requirement under that Acl. b. Strategic Aim and Intended Effect The Board's strategic aim Is the altainmenl ol the highest 8cademlc levels consi81enl th our admlsslons policy, helping boys and girls from lower income families who would otherwise not be able lo afford the fees,
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company limlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 lo benefit from our fee-based sch(x)ling. This will assist the charily in reaching ils annual objeclwe for the public benefit as a charitable Independent School. Al the same lime th8 Board inlends lo allow all pupils lo benefit frorn the school's extensive extracurricular programme and excellent lacililies. This is intended to draw out their abilities and academic potential., awaken and develop wider interests in life for eventual participation in ciwl society.. and molivale them for a suSsful outcome at their chosen senior school. c. Objectives for the year The Board's main objectives were.. lil lo educats all pupils lo the high standard necessary lo ensure that they will be fully able to benefit from their chosen senior school for the completion of their education in due course., lill lo maintain a safe environment for all children., liiil to maintain bursary and other funding SoUrS so as lo be able to Continue to offer places to promising pupils whose families would not otherwise be able lo afford the fees,. (iv) lo maintain our extensive and first class facilities in excellent condition,. and Iv) to progress collaborative working arrangements with other charities and educational bodies lo promote access to our resources and facilities. Our strategy for achieving this is lo maintain high quality leaching staff. together with a high teacher to pupil ralio., lo tailor our seNices as appropriate in each case to suit individual needs., to implement an annual programme of planned maintenance,. and lo build up our bursary funds. d. Prlnclpal Actlvlty Marlborough House Vinehall School's Princlpal activlly continues lo be the provlsion of a day and boardlng Preparatory school for boys and girls from aged 8 10 13 years old,. and a Nursery and Pre-Preparalory day school for boys and girls aged from 2 10 7 years. During the year, an average of 387 pupils allended the school a¢ross both siles, made up of 212 day pupils and 22 boarders in the Preparatory School and 153 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 lo experience life in the Boarding House. e. Grant making Having regard lo the requirement for public benefit in the Charities Act 2011, the Governors are comThllled lo broadening access to the school by offering eligible parents and guardians means tested financial support wlth the payment of school fees In the form of bursailes and awards. Such support. depending on the financial. compassionate or other pertinent circumstances of applicants. is subject to review of par8ntal means each year. The level of support is assessed by Ihe Bursar in conjunction with the Head and approved by Governors. During this year we were able lo support 36 pupils across the iwo sites through scholarships and bursaries, to a total value of £338,500. f. Volunteers The Friends of Marlborough House 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 opportunity lo say how much we appreciate their valuable support and conlribullon to school life.
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company limited by guarantea) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Review of Achievements and Performancè a. Operatlonal Performance of the School As an independent school, Marlborough House Vinehall is inspected on a regular basis by the Independent Schools, Inspeclorale. The lalesl Inspections look place in May 2024 at Vinehall and January 2023 8I Marlborough House. Both declared us compliant in a1182$, under the new framework for inspections. In addition to the core values of the School and the kind nature of the children being inslinclively recognised and praised, th8 academi and p8r8onal development of the children was found lo be of the very highest of standards. Thls year's leavers who are continuing their education in the UK went on lo an impressive selection of lop senior schools. 01 these, 9 PLJpils 122 /ol, won academic, muslc, Sports, drama or art scholarships. The schools making awards included Benenden, Dulwich. Rugby. Worth, Ballle Abbey and Kent College. All other pupils successfully a¢hieved a place in their firsl-choice schools. greatly supported by Ihe high quality of leaching staff. To build on these high academic achievements. Marlborough House Vinehall embraces an oubNard looking fonNard thinking programme of stLJdy, designed lo fully prepare our pupils for the twenly-flrsl century world that awaits them when they leave us. The principal focus is to conllnue lo be Innovative in our approach lo tea¢hing and learnlng. Core Skills for each subject help pupils land their parents) beller understand where they are in their learning. where they are going and how lo get there. In each subjecl, there is a delib8ral& emphasis on developing higher order thinking skills creating, evaluating, analysing, applying ralh8r than on memorisalion of conlenl, though knowledge and understanding ol key ideas and concepts intrinsically remain at the heart of teaching and learning. In Year 7 and Year 8, the Humanities programme Prepares children for the ISEB Project Qualification, d8veloping a wide range of skills which will help them lo prepare for the transition to senior schools. Computing, Art and DT have been linked through project work in order lo share common themes and promote shared design and engineering skills. Also to note, the PSHE programme reflects the breadth and character of the conlenl the childron are studying. The conlenl of the PSHE programme ranges from global citizenship and financial lil8ra¢y lo understanding relallonships and mental & physical health and well- being. A full review of both school's activities is included in an annual publIcatn, the Vinehall School mègazAne, and Ihe lem71ypublicalion, The Caslle for hharlborough House School. b. Financlal revl¢w and results This has been another challenging year, bul Marlborough House Vinehall School is regaining ils rightful placa in the local independent schools, market due in no small part lo the growing confidence of parents resulting from inclusion in the Replon Family of Schools and th8 OPPOrtunily now lo merge two historic Preparatory Schools together. Total income for the year was £10,144,894 12024.. £3,58,5731 which included a Iransfer of assets and liabilities al book value from Marlborough House School of £4,523,467 on 1 January 2025. Net fee income for the year was £5,213,296 12024- £3,358,325) which represented a full year for Vlnehall School and 8 months for Marlborough House. Total expenditure for the year iricreased lo £7,392.51212D24'. £4,453,396) which re1CtS 8 months of costs for M8rlborough House School following the transfer of activities on 1 January 2025.
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Nel movement in funds for the year was a surplus of £2,752,38212024'. Deficit of 914,8231 which is mainly dua lo the transfér of ass61s from Marlborough House School noted above. c. Reserves Following the merger of the two schools. the Governors will be reviewing the reserves posilFon over the coming year in order lo establish ari appropriate and sustainable ReseNes Policy for the newly combined charity. This review will lake into account the financial structure, operating model, and long-term strategic needs of the merged organlsallon. Al present, the charity holds reserves al a level that provides sufficient assurance regarding the School's abllity to contlnu8 on a Going Concern basis for the foreseeable future. The current reserves p0511ion supports operational slabilily, enables the School lo meet ils ongoing commitments, and provides an appropriate buffer against financial uncertainty while the new pollcy Is developed. d. Rlsk management The activities of the School are regularfy reviewed by the Govemors and Senior Leadership team. and any risks are closely monitored and mlligaling actions are taken. The Risks are moniloreLI via a detailed Risk Register which maps their likelihood and the potenliaS impact they would have on the school. The prfndpal risks idenlifiad by th8 Gov8rnors and Senior Management are as follows.. A loss of pupils due lo demographlc changes and the economy An inability lo raise fees to match costs A fall in income caused by a fall pupil numbers due lo rising fee levels. economic conditions andlor changing govemmenl policies IT systems failureldala breach as a result of a cyber attach. Maare, ransomware or similar. Th8 Ir8nd lo 11 + transfer lo grammar schools or secondary schools leads to a fall in pupil numbers towards the lop of the school, and therefore a fall in Income. Th8 kay controls that are in place lo mitigate these risks include.. Detailed Risk Mapping via the Risk Regi518r Formal agenda papers and brSeflng lo th8 Govemors Strong slr8legic and business planning Strong budg61ing and management accounting Strong leadership from The Repton Family of SchooL8 A proactive approach is taken lo managing Risk within Marlborough Housè Vlnehall. e. Plans for th8 futura Our key objectives for the future are lo ensure that we remain a hKJhly reputable 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 8duGalion that is supported by an enviable array of oulslanding faci1S1ies and our beautifully kept grounds. The recent cost of living crisis and the Imposition of VAT on independent school fees has affected the
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED {A company limltad by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 affordability of independent school for many parents. The two-school merger will have a positive impact on the PLJpiI numbers, and being part of the Replon Family of Schools enables the school to Continue to draw upon group benefits through a range of slrenglhened financial, academic and governance arrangements. A5 reported previously and following a ComphenSive staff consultation. Marlborough House Vinehall has now closed membership of the Teachers. Pen5i0n Scheme lo new joiners. Trusteas. Rèsponslbllltles Statement The Trustees (who are also directors of Marlborough House Vlnehall School Llrlllled for the purposes of company lawl are responsible for proparing the Trustees, report (including the Group strategic report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the siale of affairs ol the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure. of the charitable group for that period. In preparing these financial slalemenls, the Trustees are required to= select suitable a¢counling policies and then apply them consislenlly observe the methods and principles in the Charities SORP make judgments and accounting estimates that are reasonable and prudent stale whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial slalements prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charitable group will continue in operation The TTUStees are responsible for keeping adequate accounting records that are suffiaenl lo show and explain the charitable company and the group's transactions and disclos8 with reasonable accuracy al any lime the financial position of the charitable group and enable them lo ensure that the financial slalemenls comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and olher irregularities. Disclosure of information to audltors The Truslees, at tha timé whén this Trustees, report is approved. confirm Ihal.. there is no relevant audit information of which the charitabl8 group's aLJditor is unaware, and that they have taken all the steps that ought lo have been taken as Trustees in order lo be aware of any information needed by the charitable group's auditor in connection with preparing its report and to establish that the charitable group's audrtor is aware of that information. This report was approved by the Truslee5 in their capacity as company directors. on 1713 signed on their behalf by.. 2026 and S Greig. Cha r of Govarnors
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED (A company limlted by guarantee) INDEPENDENT AUDITORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Independent audltor's report to th8 membèrs of Marlborough Housè Vlnèhall School Llmlted Opinion We have audited the financial slalemenls of Marlborough House Vinehall School Limited for the year ended 31 August 2025 which comprise the Consolidated Statement of Financial Aclivilies, the Consolidated and School Balance Sheets, the Consolidated Slalemenl of Cash Flows and notes lo the financial slalemenls, including a summary of slgnificanl accounting policles. The financial reportlng framework Ihal has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reportlng Slandard applicabl8 in the UK and R$public of Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion. the financial slatemenis.. give a true and fair view of the slate of the group's and of the parent charitable company's affairs as al 31 August 2025 and of the group's and parent charitable company's nel movement in funds, including Ihe income and expenditure, for the year then ended., have been properfy 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 condu¢led our audit in accordance with Intemalional Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibillties under those standards are further d&scrtbed in Ihe Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled OLJf other ethical responsibilities in accordance with these requirements. We believe that the audit evidenca we have obtained is suffscient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial slalemenls. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial slalements is appropriate. Based on thè wc>rk we have performed, we have not identified any material uncertainties relating to events or condllions that, individually or collecllvely. may cast slgnlflcanl doubl on the group's ablllty lo continue as a going concern for a period of al least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the Iruslees wf(h respect lo going concem are described in the relevant sections of this report. Othor Infomiatlon The Iiuslees are responsible for the other inlorm81ion. The other information Comprises the information included in the Trustees, Annual Report. Our opinion on the financial statements does not cover the other information and, except to the exlenl othenlSe explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. In conne¢lion with our audit of the financial slalements, our responsibility is to read the other inforrnalion and. in doing so, consider whether the other information is materially inconsislenl with the financial statements or
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company limited by guarantee) INDEPENDENT AUDITORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misst8lemenls, we are required lo delermlne whether there Is a material misstalemenl in the financial slal8menls or a material misslalemenl of the other information. If. based on the work we have p8rformed, we conclude that there is a material misslalemenl of this other information, we are required lo report Ihal fact. We have nothing lo report in this regard. Oplnlons on other matters prescribed by the Companiès Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given In the Trustees, Annual Report (which includes the directors. report prepared for the purposes of company lawl for the financial year for which the financial slalements are prepared is consistent with the financial statements., and the directors, report included within the Trustees, Annual Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the Ilght of the knowledge and understanding of the group and the parent ¢h8ritablts Company and ils environment obtained in the course of the audit, we have not Idenlllied malerlal mlssla18menls In the Trustees, Annual Reporl Iwhlch incorporates the dlreclors, report). We have nothing lo report in respect of the following mallers in relation lo which the Companies Act 2006 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept by the parent charitable company,. or the parent charitable company financial slalemenls are not in agreement wth the accoLJnling records and returns., or certain disclosures of trustees, remLJneralion specified by18w are not made,. or We have not received all the information and explanations we require for our audil., or the Iruslees were not entitled to prepare the financial slalements in accordance with the small cornpanies, regime and lake advantage of the small companies. exemptions in preparing the IrLtslees' report and from the requirement lo prepare a strategic report. Responsibilities of trustees for the financial statemènts As explained more fully in the trustees, responsibilities slalernenl, the Iruslees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial $181ements and for being satisfied that they give a true and fair view. and for such internal control as the trust68s d8t8rmine is necessary lo enable the preparation of financial slalements that are free from material misslalemenl. whether due to fraud or error. In preparing the fi'nanaal slalemenls, the Iruslees are responslble for assesslng the group's and the parent ¢haritable company's abllily lo conllnue as a golng concern, disclosing, as applicable. mallers related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable Company or to cease operations, or have no realistic alternative bul to do so. Auditor's responslbllltles for thè audlt of the flnanclal statements Our obje¢lives are lo obtain reasonable assurance about whether the financlal slalemenls as a whole are free from material misslalemenl. whether due to fraud or error, and to issue an auditor's report th81 includes OL+r opinion. Reasonable assurance is a high level of assurance, but is not a guarantea that an audit conducted in accordance with ISAS {UKI will alayS detect a material misstaternent when it exists. 10
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Misslalemenls can arlse from fraud or error and are consldared mal8ri81 if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial stalemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures In line with our rosponsibililies, outlined above, lo dete¢l material misslalemenls in respect of irregularS1ies, Including fraud. The exlenl to which our procedures are capable of delecling irregularities, including fraud, is detailed below.. Based on our understanding of the group and the environment in which il operates, we identified that the principal risks of non-compliance with laws and regulalK)ns related to The Education Ilndependent School Standards) Regulations 2014, safeguarding regulalions, health and safely requirements. GDPR, émploymènt law and charily law, and we considered the exlenl lo which non-compliance might have a material effect on the financial slalemersls. We also considered those laws and regul81ions that have a direct impact on the preparation of the financial slalemenls such as the Companies Act 2006 and the Charities Act 2011, the Statement of Recommended Practice for Charities ISORP FRS1021 and consider other factors such as income lax and payroll lax. We evaluated management's incentives and OPPDrtunilies for fraudulent manipulation of the financial stalemenls lincluding the risk of override of conlrolsl and determined that the principal risks were related lo improper recognition of revenue and management blas in certain accounting eslimales and ludgen)enls. Audll procedures perform8d by th8 engagement team included.. Inspecting correspondence with regulators and lax 8ulhorilies, including the outcomes of inspections., Discussions with management including consideration of known or suspecied instances of non- cornpliance with laws and regulation and fraud.. Evaluating m8n8gemenl's controls designed lo prevent and delecl irregularities.. Identifying and t8sliJg journals, using dala analytics to focus on higher risk entries-, and Challenging assumptions and judgements made by management in Ihelr accounting estimates. Because of the inherent limitations of an audit, there is a risk that we will nol deled all irregularities. including those leading to a material misslatemenl in the financsal statements or non-compliance with regulation. This risk in¢aseS the rnore that compliance with a law or regulation is removed from the events and transactions reflected in the financial stalemenls, Os we will be less likely to become aware of instances of non- compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves inlentlonal concealment, forgery. collusion, omlssSon or mlsr8presenlalion. A further description of our responsibilities for the audit of the financial slalemenls is located on the Financial Reporting Council's website al.. ¥.[rC.o[ -uklauditoisres onsibililies. This descripbon forms part of our auditor's report. 11
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company Ilmlted by guarantee} INDEPENDENT AUDITORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Use ofour report This report Is made solely lo the charitable company's members, as a body, In accordance wllh Chapter 3 of Part 16 of the Companies Act 2006. OLJr audit wo¥k has b&6n undertaken 80 that we might slate to the charitable company's members those matters we are required lo slate lo them in an Auditor's report and for no other purpose. To the lullesl extent permilled by law, we do riot acp1 or assume responsibilily lo anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Lee Stokes {Senior Statutory Auditor) For and on behalf of Haysmac LLP, Slalutory Auditor 10 Queen Street Place London EC4R 1AG D81e'. 2510312026 12
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company limited by guarantee CONSOLIDATED STATEMENT OF FINANCIAI ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Uniestrltted lunds Restrlcted funds Total funds 2025 2025 2025 Totsl funds 2024 Note Income from: 5,2S5,791 155,140 201,516 51,474 4.523,467 142,4951 5,213,296 155,140 201,516 51,474 4,523,467 3,358,325 141,559 38,689 Other trading activities Investment income Other income Transfer of asset5 from Marlborough House School Trust Limited TOTAL INCOME 19 10,187,389 142,4951 10,144,894 3,538,573 EXPENDITURE Charltable actlvltlÈs- edutstlon 7,a91,384 1.128 7,392,512 4,453,396 7,391,384 1,128 7,392,512 4,453.396 Net lnwmellexpendltu) 2,796,OD5 143,6231 2.752,382 1914,8231 Transfers between funds Net movement In funds 2,796,005 143,6231 2,752,382 914.823 Total funds brought forward 1,218,326 43,623 1,261,949 2.176,772 Total funds carrled forward 4,014,331 4,014,331 1,261,949 The Consolidated Statement of Financial Actwitle5 include5 311 gain5 and losses recognSsed In the year. The note5 on page5 17 to 28 form part of these fin3ncl)l statements. 13
MARLBOROUGH HOUSE VINEHALL5CHOOL LIMITED IA company limited by guarantee) Company Reglstratlon number.. 00893985 CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025 Note 2025 2024 Flxed assets Tangible fSxed assets 4.826,290 278.855 Current assets Stocks Debtors Cash at bank and In hand 513 321,388 1,848,168 2,170,069 li 2,647,039 116,835 2,763,874 Credltors: Amounts falllng due wlthin one year 12 13,439,419) 1996,7491 Net current Illab511tlesllassets 1675,5451 1,173,320 Net assets less current liabilities 4,150,745 1,452,175 Creditors.. Amounts falling due after one year 13 1136.4141 1190.2261 Total net asset5 4.014.331 1,261.949 Chzrity funds RestrScted funds Unrestricted funds 43.623 1,218,326 1,261,949 4,014,331 4,014,331 The Trustees ackriowledge their responsibilities for complying with the requirements of the Companies 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 Trustees and signed on their behalf bv.. S Grelg Chair of Governors Date: ..lTr1.?.126.. The notes on pages 17 to 28 form part of these financial statements. 14
MARLBOROUGH HOUSE VINEHALLSCHOOL LIMITED IA company limited by guarantee) Company Reglstratlon number.. 00893985 SCHOOL BALANCE SHEET ASAT31 AUGUST2025 Note 2025 2024 Fixed assets Tangible fixed assets Investments 4.826.290 loo 4.826.390 278,855 loo 278,955 io Current a55ets Stocks Debtors Cash at bank and In hand 513 321,388 1,848,068 2,169,969 li 2,647,039 116,735 2,763,774 Credltors: Amounts falllng due wlthln one yeai 12 13,439,419) 1996,7491 Net current Illabllltlesllassets 1675,6451 1,173,220 Net assets less current Ilabllltles 4.150.746 1,452,175 Creditors.. Amounts falling due after one year 13 1136.4141 1190,2261 Total net assets 4.014,331 1,261,949 Charlty Funds Restricted Funds Unrestricted Funds 43,623 1,218,326 1,261,949 4,014,331 4,014,331 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financi31 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 and signed on their behalf by.. S Grelg Chair of Governors Date: The notes on pages 17 to 28 form part of these financial statements. 15
MARLBOROUGH HOUSE VINEHALI SCHOOL LIMITED IA company Ilmiled byguaranteel CONSOLIDATED STATÉMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Net tashflows from operating acllvitles 11.917,2011 1728,9151 Cash flows from Investlng actlvltles Interest income Interest paid Purchase of tangible fixed a55ets 201,516 14,9551 110,6931 185.868 38,689 1153,3121 1114,6231 Decrease In cash In the year 11,731,333) 1843.S381 Cash and cash equlvalent5 at the beglnnlnE of the year 1,848,168 2,691,706 Total cash ahd rash equlvalents at the end of the year 116,835 1,848,168 Reconclllatlon ol net movement In funds to net Cash flow from operating actlvitle¢ Net Incomellèxpenditurel lor the reportin8 period 2,752.382 1914,8231 Adjustments for.. Investment income Interest paid Depreciation charge Transfer of fixed assÈts from Madborough House School Trust Transfer of cash from Marlborough House Sthool Trust Decrease in stock Ilncreaselldecrease in debtors Increas2lldecreasel in creditors 1201,5161 4.955 131.040 14,667,782 so,000 S13 12.325,6511 2,338,858 138.6891 19,964 1109.7561 314,389 Net Cash provlded byllu5ed In) operating activities 11,917,2011 1728,9151
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company limited by guarantee) NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General Informatlon The School is a company limited by guarantee. The registered office is Vinehall Road, Robertsbridge, East Sus5eK. TN32 5JA. The members of the company are the governors named on page l. 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. Accountlng pollcles 2.1 Basis of preparation of financial statements I ne iinanciai statements nave Deen preparea In accoraance witn Ine Lnarities IPNS IU21- Accounting ana Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191 and the Companies Act 2006. Marlborough House Vinehall School Limrted Meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial statements are presented in sterling IE) and rounded to the nearest £. The Consolidated Statement of Financial Activitie5 ISOFAI and Consolidated Balance Sheet consolidate the fln3ncial 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 advantage of the exemption allowed under section 408 of the Companies Act 2006 and h35 not presented its own Statement of Financial Activities in these financial statements. 2.2 Golng Concern The Governors asses5 whether the use of soing concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Scho(>l to continue as a going concern. The Governor5 make thls as5e5sment In respect of a period of at least one year from the date of authorisation for Issue of the financial statements have concluded that the School has adequate resources to continue in operational existence for the foreseeable future and there are no materlal uncertainties about the School's ability to continue as a going concern, this they continue to adopt the going concern basis of accounting in preparing the fTn8ncial statements. 17
MARLBOROUGH HOUSE VINEHALLSCHOOL LIMITED IA company Ilmlted by guayantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.3 Income ree IllLuifie 1¥Ple&IlL5 III¥ IIIVVILeu VdlU¥ VI LUILiufi dfiu dSSULldLeU lees, dlLei ueuuLLIII¥ UUlSdT ies dTIU ULIIEI remi55ions granted by the School and net of VAT. Entrance and registration fees are credited to income in the vear in which they are received. Income tax recoverable in relation to donations recelved under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is re¢ognSsed at the time the investment income is receivable. Other Income Is recogni5ed in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. 2.4 Expenditure Fundraising costs are those incurred in seeking voluntary contributions and do not include the cost5 of disseminating information in support of the charitable activities. Support costs are those incurred directly in support of expenditure on the objects of the School and include project mana8ement. Governance costs are those incurred in connettion with administration of the School and compliance with constitutional and statutory requirements. Costs of generating funds are cost5 incurred in attracting voluntary income, and those incurred in trading actlvltles that raise funds. Charitable activities and Governance costs are costs inturred on the School'5 educational operations, including support cost5 and costs relating to the governance of the School apportioned to charitable activitie5. Expenditure on raising funds includes all expenditure incurred by the School to ralse funds for its charitable purpose5 and include5 Costs of all fundraising activities, events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the School'5 objectives, as well as any a550C13ted support Costs. All expenditure Is Incluslve of Irrecoverable VAT which is included in the item of expense to whlch It relate5. 18
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company limited by guarantee) NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 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 c05t or value of the a55et can be measured reliably. Tan8Sble fixed assets are initially recognised £t C05t. 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 ljring a tangible fixed asset into its intended working condltlon shouSd be included in the measurement of cost. At each reporting date, the School assesses whether there is any indicatSon of Impalrment. If such indication exist5, the recoverable amount of the asset 15 determined to be the higher of its fair value less cost5 to Sell and its value in use. An impairment loss exists where the carrying amount exceeds the recoverable amount. Provision is made for depreciation on all tangible fixed assets at rate5 calculated to wrlte off the cost or valuation, less estimated resldual value, of each asset over Its expected useful life, as follows.. Buildings- Straight line over 20 years Assets under construction - Not depreciated untll ready for use Fixtures, flttings and equlpment- Stralght Ilne over 15 years Office equipment- Straight line over 5 years Motor vehicles- Straight line over 5 years Galns and losses on dlsposals are determlned by comparlng the proceeds with the carrying amount and are recognised in the Consolidated Statement of Financial Activities. 2.6 Investments Investments in subsidiaries are valued at C05t less provision for Impalrment. 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 2.8 Debtors Fee debtors 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. 2.9 Cash at bank and In hand Cash at bank and in hand includes cash and short term highly Ilquld Investments with a short maturity of three months or less from the date of acquisition oi opening of the deposit or similar account. 19
MARLBOROUGH HOUSE VINEHALLSCHOOL LIMITED IA company limited by guaranteel NOTES TO THE FINANCIALSTATEMENT5 FOR THE YEAR ENDED 31 AUGUST 2025 2.10 Llablllties and provi5ion5 Liabilities are recognised when there is an obligation at the Balance Sheet date a5 a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be measured reliably. Liabilities are recognised at the amount the School anticipates it will pay to settle the debt or thè amount It h35 received as advanced payments for the goods or service5 It must provide. Provisions are measured at the bèst estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is bssed on the present Value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities a5 a finance cost. 2.11 Flnantlal In5trument5 The School only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic flnanclal instruments are initially recognised at transaction value and subsequently measured at their settlement value, wlth the exception of bank loans which are subsequently measured at amortlsed cost uslng 2.12 Operatlng leases Rentals paid Ljnder operating lea5e5 are charged to the Consolidated Statement of Financial Activities on a Straight line basis over the lease term. 2.13 Penslons The School operates a defined contribijtion pension scheme and the pension charge represents the amounts payable by the School to the fund in respect of the year. The School operates a defined benefit penslon scheme. The scheme is a multi-employer scheme where it is not P055ible, in the normal course if events, to identify 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 the scheme as If it were a defined contribution scheme. The amount charged to the statement of financial activities represents contributions payable to the scheme in respect of the accounting period. 2.14 Fund accounting General funds are tjnrestrlrted fund5 whlch are available for use at the discretion of the Trustees in furtherance of the general objectives of the School and which have not been designated for other purposes. Designated funds comprlse unrestrlcted 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 notès to the financlal staterNent5. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the School for particular purposes. The costs of raising and administering such fund5 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 allotated to the appropriate fund. 20
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 3. Income from charitable activitles 2025 2024 School fees receivable Less fee Remission5 Net School fees 5,720,738 1842,3681 4,878,370 3,847,561 1728,1491 3,119,412 Extra school services 334.926 5,213,296 238,913 3,358,325 4. Income from other tradlng actlvltSes 2025 2024 LettinES income Sundry sales Music Societv 86,904 10.458 57,779 155,140 83,291 7,977 50,291 141,559 5. Investment Income 2025 2024 Bank interest receivable 201.516 38,689 21
MARLBOROUGH HOUSE VINEHALLSCHOOL LIMITED IA company limited by guarantee) NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 6. Analysis of empenditure on charitable activities 2025 2024 Direct costs Support costs 4.957,226 2,435,286 7,392,512 2,895,777 1,557,619 4,453,396 Analysis of direct costs 2025 2024 Staff costs Other costs Catering costs 3.536,284 989,822 431,120 4,957,226 1,852,377 1,043,400 2,895,777 Analysis of support costs 2025 2024 staff costs Depreciation other costs Governance costs 1,107,952 131,040 766,S15 19,964 162,507 32,400 576,233 1,557.619 211,495 984,798 2.435,286 7. Auditors, remuneratlon 2025 2024 Audit fees Non-audit fees 22,000 3,500 25.500 17,050 925 17,975 8. Staff costs 2025 2024 Salaries and wages Social security costs Pension contribLJtions 3,927,822 361,708 330,867 4,620,397 2,147,407 186,220 298,468 2,632,095 The average number of employees at the School during the ye3r was as follows.. 2025 No 2024 Teaching full time Teaching - part time Welfare Premises Support 51 51 16 17 20 155 19 28 16 14 85 22
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA campany Ilrnited byguarahteel NOTES TOTHE FINANCIALSTATEMENfs FOR THE YEAR ENDED 31AUGUST2025 8. Staff tosts Icontlmuedl The number of employees whose employee benefits (excluding emp5oyer pension costs) exceeded £60,0[ was.. 2025 2024 £60,001 to £70,WO £70,Wl to £80,0 £80,Wl to £90,WO £90,Wl to £lOO.000 £IOO,001 to EllO.000 The key man88ement personnel were pald remuneration. Including employers, national insurance and pension contributions, of £610,27712024.. £230.7451. During the year. no trustees recefved remuneratlon or other benefits12024- £NILI. Expenses totalllng £1.431 were relmbursed or pald directly toTrustees12024- £4021. 9. Tanglble flxed assets. Grotsp and School Office Equipment Fixtures and Motor Fittin8S Vehltles Buildin85 Total At I September 2024 Additions Transfers In from Marlborou8h House Isee note 191 At 31 AuEUSt 2025 215.572 264.374 71,832 10,693 206,534 289,059 13,220 564,998 10,693 6,768,250 7,343,941 6,533,518 6.749.090 28,198 292.572 13,220 Depre¢iallon At I September 2024 Charge for the year Transfers In from Marlborou8h House (see note 191 At 31 August 2025 10,779 97,889 2,044,616 2,153,284 251,166 10,614 9,059 270,839 16.478 21.437 46.793 84,708 7,720 i.ioo 286,141 131,OdO 2,100,468 2.517,651 8,820 Net book valLte At 31 August 2025 At 31 August 2D24 4,595.806 204,793 21,733 13,208 204,351 55,354 4,400 5,500 4,826,Z90 278,855 10. Flxed asset InvestrneThts Investments in 5ub51dlary companles School Cost At I September 2024 and at 31 August 2025 loo The School owns IQO% of the share capitsl of Vinehall Education Centre Limited (Company registration number 66296671. The company remalned dormant durinE the current and pretrding year. 23
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED {A company Ilmlted by guarantee) NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 11. Debtors 2025 Group 2024 Group 2025 School 2024 School Fee debtors Prepayments and accrued income Other debtors 2,577,524 67,341 2,175 2.647.039 256,889 59,904 4,595 321,388 2.577,524 67,341 2,175 2,647,039 256,889 59,904 4,595 321,388 12. Creditors: amounts fallin8 due within one year 2025 Group 2024 Group 2025 School 2024 School Fees received in advance Trade creditors Other taxation and social security Accruals and deferred income Other creditor5 Bank loans (see note 131 PLspiI deposits 2.071.851 214.421 410,709 506,480 101,407 17,378 117,173 3,439,419 540,597 38,137 39,461 301,662 76,892 2,071,8SI 214,421 410,709 506,480 101,407 17,378 117,173 3,439,419 540,S97 38,137 39,461 301,662 76,892 996,749 996,749 13. Creditors: amounts falling due after one year 2025 Group 2024 Group 2025 School 2024 School Bank loan5 Pupil dep051t5 47.791 88.623 136,414 47,791 88,623 136.414 190,226 190,226 190,226 190.226 A Socicic Generdle bank loan of £130,399 was taken OLIt in 2023 and inleregt 15 being cliaTged on tlie loan at 5.30A pcr anniiii). The loan is repayable in inslaljijents over 5 yeaiB. 24
MARLBOROUGH HOUSE VINEHALL5CHOOL LIMITED IA company Ilmlted by guarartteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Statement of funds Statement of funds- Current year Balance at I September 2024 Balance at 31 August 2025 Income Expenditure Transfers Unrestricted funds General funds 1,218,326 10,187,389 17,391,384) 4,014,331 Restrlcted funds Foundatlon fund Pavilion fund Year 8 leaving fund Hardship fund 22,011 122,0111 1,128 20,484 43,623 11,1281 120,4841 142,4951 11,1281 Total of fund5 1,261,949 10,144,894 17,392.5121 4.014.331 Statement of funds- Prlor year Balance at I September 2023 Balance at 31 August 2024 Income Expenditure Transfers Unrestricted funds General funds 2,070,434 3,538,573 14,453,396) 62,715 1,218,326 Restrlcted funds Foundation fund Pavilion fund Year 8 leaving fund Hardship fund 22,011 62,715 1,128 20,484 106,338 22,011 162,7151 1,128 20,484 43,623 162.7151 Total of funds 2,176,772 3,538,573 14,453,396) 1.261,949 Foundation Fund The Foundation Fund represents funds set aside to provide bursary awards to students and capltal projects. Pavilion Fund The Pavilion Fund represents funds received in relation to the new proposed crlcket pavlllon btjlldlng. Year 8 Leavlng Fund The Year 8 Leaving Fund represents fund5 received from Year 8 leavers to be used for the recreation room in the school. Hardship Fund The Hardship Fund represents several very generous parents who donated to a CDvid Hardship fund to support other families financially disadvèntaged by the pandemic and the resulting lockdown. 25
MARLBOROUGH HOUSE VINEHALL SCHOOL LIMITED IA company limited by guaranleel NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Analysis of net assets between funds Analysis of net assets between funds- cuffent period Unrestricted funds 2025 Restrlcted funds 2025 Totsl funds 2025 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total 4,826.290 2,763.874 13.439,4191 1136.4141 4,014.331 4,826,290 2,763,874 13,439,419) 1136,4141 4.014.331 Analysls of net asset5 between funds- prior period Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total 278,855 2,126,446 1996,7491 1190,2261 1,218,326 278,855 2,170,069 1996.7491 1190.2261 1,261,949 43,623 43,623 26
MARLBOROUGH HOUSE VINEHALLSCHOOL LIMITED A company limited by Buaranteel NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 16. Pension contributions The School operates two pension schemes for the benefit of employee5. The Teachers, Pension Scheme ITPSI, a defined benefit scheme, is available to all teachers. All other staff can enter a defined contribution scheme. Defined Contribution Scheme The a55ets of the scheme are held separately from those of the School in an independently administered fund. Contribution5 to the scheme are charged to the Statement cif Financial Activities 35 they fall due. Contributions payable by the School in the year amounted to £162,52612024- £134,4611. £Nil12024- £Nill was outstanding at the balance sheet date. Teachers, Pension Scheme The School participates in the Teachers, Pension Scheme I'the TPS'I for its teaching staff. The pension charge for the year Includes contributions payable to the TPS of £152,92512024.' £152,424) and at the year-end £Nil 12024- £Nill was accrued in respert of contributlons to thls scheme. The TPS is an unfunded multi-employer defined benefits pension stheme governed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 las amended). Members contribute on a "pay a5 you go" ba51S Wlth contributions from member5 and the employer being credbted to the Exchequer. Retirement and other pension benefit5 are paid by public funds provided by Parliament. The employer contribution rate is set by the Secretary of State following scheme valuations undertaken hy the Government Actua5 Department. The m05t recent actuarial valuation of the TPS was prepared a5 at 31 March 2020 and the Valuation Report was published in October 2023. The Valuation Report shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn. The employer contribution rate for the TPS is 28.6%, and employers are also requlred to pay a scheme administration levy of 0.08% giving a total employer contrlbutlon rate of 28.68%. 27
MARLBOROUGH HOUSE VINEHALLSCHOOL LIMITED IA company Ilmlted by guaranteel NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 17. Operatlng lease commitments At 31 August 2025 the Group and the School had commitments to make future minimum lease payments under non-cancellable operating leases as follows.. Group 2025 Group 2024 Sthool 2025 School 2024 Not later than one year Later than I year and not later than 5 years More than 5 years 117,537 354,275 1,437,321 1,909,133 89.539 354,378 1,526.860 1,970.777 117,537 354,275 1,437,321 1,909,133 89,539 354,378 1,526,860 1,970,777 The premises was subject to a sale and leaseback agreement with the title being trarisferred oin 23 May 2022. The lease runs for a term of 25 years from and Includlng 2022. Rent 15 charged at £IOO,000 per annum subject lo a rent review in 2027 and every fifth anniversary. The rent is subject to a 3 year rent free period. 18. Related Party transartlons Latham Education Limited, a company under the control of L. WLJ, a trustee, has a lease a8reement with Marlborough House Vinehall School for tenancy of the school premises. The property has been leased to the School over a period of 25 year5 Startlng 23 May 2022. Renta1 expenditure of £88,00012024- E88.0001 has been recogni5ed within Support cost5. The outstanding liability recognlsed at the year end was £289,79712024- £201,7971. No other related party transactlons took place in the period of account, other than certain trustees, expenses already dlsclosed in note 8. 19. Transfer of assels and liabilitites from Marlborough House School Trust Limited The assets, liabilities and activlties of the Marlborough House School Trusl Llmlted (company registration number QK)587487 and charity registratiom number 3077931 were transferred to the School on I january 2025. 28