Reglstered number: 00587487
Charlty number: 307793
MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS, REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guaranlee)
CONTENTS
Page
Reference and Administrative Delails of the Company> Its Governors and Advisers
Governors. Report
Independent Auditor's Report on the Financlal Statements
Slalement of Flnanclal Activilies
8- 11
12
Balance Sheet
Slalemenl of Cash Flows
14
Notes to the Financial Statements
15-30

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
{A Company Limiled by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Governors
Mr S J Hodson, Chairman
Mr T N M Lawson
Mrs A H Petch
Mr P W Smallwood
Mr H R F Somersel
Company reglstered number
00587487
Charity regislered number
307793
Reglstered office
Marlborough House School Trust Limited. High Slreet, Hawkhurst, Cranbrook, TN18 4PY
Head
Mr E Newton
Company Secretary
Mr E Newton
Independent auditor
Crowe U.K. LLP, Medway Bridge House, 1-8 Fairmeadow, Maidstone, Kent, ME14 1JP
Page 1

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS. REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The Governors present their Annual Report together with the audited financial statements for 1st September
2023 10 31 st December 2024. The Governors confirm that the Annual Report and linancial statements of the
School comply with the current statutory requirements, the requirements of the company's governing document
and Ihe provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
1021.
Marlborough House School (the "School") is regislered with the Department for Children, Schools and Families
as School Number 88616005. It is registered as Charity Number 307793, and holds the Company Registration
number 587487, with the liability ol ils members limited to £1 each by guarantee. Within the insurance policies
that the School holds is an extension that indemnifies the Trustees against any acts that result in action against
them. None of the Directors of the School {the 'Directors"I has any beneficial interest in the Company. The
Registered Office and principal address of the Company is at Marlborough House School, High Street,
Hawkhurst, Kent TN18 4PY.
Introduction
As described in more detail in 'Review of Activities, below, the Company entered into an agreement during 2024
with another charitable company to prepare lor the combination of Marlborough House School with another local
preparatory school. The legal transaction was completed on 31 December 2024 and was implemented by way
of the Company passing its assets and liabilities al Ihat date lo the other charily. Following completion,
Marlborough House School was owned by that other charitable company.
The Company thus ceased operations at 31 December 2024 and has been dormant since then. The Directors
decided to extend the accounting period under review lo cover the 16 months Irom 1 September 2023 to 31
December 2024, so that Ihe end of the accounting period coincided with the completion dale of the legal
transaction and the date when the Company became dormant.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Status of the company
Marlborough House School was founded in 1874 and was incorporated on 18th July 1957 under the Companies
Acts 1948 as Marlborough House School Trust Limited, a Charitable Company limited by guarantee.
Governlng body
The School is governed by its Memorandum and Articles of Association. The Directors, who were also the
Charity Trustees and the School Governors, who served during the year are shown below..
Mr S J Hodson (Chairman)
Mr S F Cloke (Resigned, 31 st December 20241
Mr T N M Lawson
Mrs A Petch
Dr R Ralnavel (Resigned. 28th June 20241
Mrs S R Reeves (Resigned, 31 sl December 20241
Mr O A Reynolds (Resigned, 1 st December 20231
Mr P W Smallwood
Mr H R F Somerset
Mrs J M Webb (Resigned, 1st December 20231
Mrs C A Wilson (Resigned, 31 sl December 20241
Page 2

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Llmlted by Guaranlee)
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
Board of Governors
The Directors were required under the Articles to serve as Governors of the School. They were elected at a lull
Governors, Meeting on Ihe basis of nominations received, after an appropriate recruitment process was
undertaken from existing Governors and the Head laking independent advice as appropriate in order to ensure a
suitable cross seclion of expertise, personal competence, specialist skills and local availability. Governors served
for an initial term of five years and were eligible to stand for re election for further five year terms.
Governor training
New Governors were inducted into the workings of the School and the Company as a Registered Charity.
including Board Policy and Procedures, Ihrough a program arranged by the Head. Training Days and
Extraordinary Meetings are scheduled periodically lo provide updates for the Directors and to consider strategic
planning and governance issues. New Governors were encouraged to attend the Association of Governing
Bodies in Independent Schools IAGBISI New Governors Course and all Governors had Ihe opportunity to altend
AGBIS briefings and specialisl courses run by external organisations.
Organisational managemenl
The Governors, acting as Direclors, determined the general policies of the School and reviewed its overall
management and control. The day to day management of the School was delegated to the key management
personnel, comprising ihe Head and the other members of the School's Senior Leadership Team. The
Governors met as a Board at least three limes a year. The work of implemenling most of the Board's policies
was Carried out by Committees ol the Board comprising 4 10 5 Board members.. the Finance and Property
Committee {specifically lo review the budgets, annual accounts and reports), the Education and Welfare
Committee and the Health and Safety Commiltee. Each Committee met at least three times a year prior lo the
Main Board meetings. Each Committee operated under specific terms of reference agreed by ihe Board of
Governors and had its decisions reported to and ratified by the full Board. The Head attended all meetings of the
full Board and all meetings of the Board Committees.
Group structure and relationships
The School was an active member of Ihe Independent Association of Prep Schools {"IAPS") and the Boarding
School Association I'BSA'I for the promotion and mainlenance of preparatory school standards generally and
also took parl in peer group studies lor the evaluation of quality and performance improvement methods. The
School actively seeked to engage with local Charities, community and voluntary groups in continuing endeavours
to widen public access to ils lacililies, to Oplimise the educational use of ils cultural and sporting facilities and to
awaken in the pupils an awareness of the wider social context of the education they received at the School.
OBJECTIVES AND ACTIVITIES
The principal object of the Company, in accordance with its Memorandum and Articles of Association, was the
education of children at the Independent Preparatory School of Marlborough House, Hawkhurst, Kenl. In the
furtherance of this object, the Directors, as the Charity Trustees, have complied with the duly in section 4 of the
Charities Act 2011 to have due regard to the Chariiy Commission's published general and relevant sub sector
guidance concerning the operation of the public benefit requirement under that Act.
Page 3

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS, REPORT {CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
Prlnclpal Acllvlty
Marlborough House School Trust's principal activity was the provision of a Preparatory School in Hawkhurst for
girls and boys aged from 2 ½ to 13. In conducting its business, the School was one of the biggest local
employers with many members of ils staff resident within the immediate vicinity. The School used the services ol
local businesses and suppliers wherever possible. Pupil numbers stood al 190 with an additional 34 in Nursery
giving a total school role of 22412023- 2481 in the Autumn term 2024.
Following the transfer of Ihe assets and liabilities of the Company to another charilable company on 31
December 2024, as described in more detail in 'Review of Aclivilies, below, Marlborough House School was
owned by that other charitable company, and the Company ceased operations and became dormant.
Slralegic Aim and Effect
The Board's overall strategic aim was to satisfy the requirements of public benefit by operating Marlborough
House School as a charitable Independent Preparatory School. While the fam ilies of most of the School's pupils
paid full fees. the Board aimed to set these fees at a level which enabled the School to provide bursaries on a
means lested basis lo the families of a number of pupils who othemise would not have been able to attend the
School.
In addition, the Board's strategic aim for the School was for il lo offer an outward looking, secure and inclusive
environment for the whole School communily, using high quality resources and lacililies and providing an
excellent all round education for the School's pupils. To help achieve ils objectives, the Board aimed to ensure
that the School was as close to capacity as possible, maintained a high "teacher to pupil" ratio and tailored its
leaching and pastoral care services to suit pupils, individual needs.
Objectives lor Ihe Year
The Board's main objectives for the School during the period under review were..
lo support the Head's drive and passion to build on recent successes to develop the whole School
community le.g with events organised for staff, Pupils land their families) and alumni lo allendl;
to continue to develop the School's strategy, focused on continued educational improvernenl and
modernisalion of the curriculum, as well as reviewing and agreeing new short and medium financial and
staffing plans.,
to continue lo educate pupils at the School to a very high standard, ensuring all pupils reach their full
potential in all aspects of School life and are well prepared for their move into senior school.
to continue to provide bursaries and other financial support to the families of pupils who would otherwise
not be able to allend the School-
to continue to work collaboratively with local charities, community and volunlary organisations and
educational bodies to provide access lo the School's facilities.
to seek a partner with a view lo providing a more sustainable future.
Page 4

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limiled by Guaranlee)
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
STAFF
Volunteers
The Friends of Marlborough House School conlinued to help the School's charitable fundraising and cultural
activities during the period under review, with members devoting considerable time and resources on a voluntary
basis. The Board has been very appreciative of their work and that of their predecessors on behalf ol the School
over many years.
Remuneration of Employees
The remuneration of the Head was set by the Board. The remuneration of other members of the Senior
Leadership Team and all other staff was determined by the Head in accordance with Ihe whole School
remuneration policy and budget, which was sel annually by the Board following a recommendation by the
Finance and Property Committee. In setling this policy and budget, reference was made to comparisons with
other schools lo ensure that the School was sensitive lo the broader issues of pay and employment conditions
elsewhere. Staff costs were, by a long way, the largest single element of the School's regular charitable
expenditure and the Board believes thal successful delivery of the School's charitable vision and purpose was
very significantly dependenl on the skills, expertise and performance of the key managemeni personnel and all
other members of the School's staff.
REVIEW OF ACTIVITIES
Achievements and Performance
Following on from a successful Independent Schools Inspectorate in January 2023, when Ihe School was rated
"Excellent" in all areas, the School continued lo look for ways lo always raise the standards of the teaching and
learning standards. This was achieved through various ways including, but nol limiled to, increased IT provision,
closer monitoring of teaching and learning, regular meetings of sub committee groups and enhanced use of Ihe
new developed all-wealher sports pitch and the Art and DT Centre of Excellence.
The School made a conscious decision to support a number of local charities as well as some national ones.
Donations were made as lollows: British Red Cross.. £267.40, Children in Need.. £836.93. Barnardo's: £202.90,
Kwest Charity Books.. £191 and various donations to the Local Food Bank.
As referred to in last year's Governors. Report, the Board has been giving active consideration to the School's
overall strategic position, againsl the background of the many challenges facing the independent school sector,
both economic and political. The Board accelerated this process during the first lew months of 2024 and
considered a number of different configurations for the School, as well as entering into early stage discussions
with several potential partners. These discussions culminated in Ihe announcement in September 2024 of the
planned combination ol Marlborough House School with another local and charilably owned preparatory school,
Vinehall School, to become effective in September 2025.
The legal Iransaclion to prepare for the combination of the Iwo schools, which took place at 31 December 2024,
involved the transfer by the Company of ils assets and liabilities to Marlborough House Vinehall School Ltd, the
re-named charilable Irust which owned and operated Vinehall School from its site near Robertsbridge in East
Sussex.
The newly merged school, named Marlborough House Vinehall. opened on the Robertsbridge site in September
2025, with Eddy Ne￿On, who has been Head of Marlborough House School for the past live years, as its new
Head.
Following the transfer of its assels arld liabilities on 31 Decernber 2024, the Company ceased operations and
became dormant.
Page 5

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guaranlee)
GOVERNORS. REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
FUTURE DEVELOPMENTS
As at 31 December 2024, the assets and liabilities were transferred to another charitable trust and al this point
the charitable company became dormant.
Therefore, there are no future developments to consider for the Company.
FINANCIAL REVIEW
The period under review comprised a 16 month period from 1 September 2023 10 31 December 2024, which
covered four school terms. The previous period from 1 September 2022 to 31 August 2023 was a 12 month
period and covered three school terms. Therefore the two periods are not strictly comparable.
The directors report a deficit of £678,181 for the 16 month period to 31 December 2024112 monlhs to 31 August
2023- £31,308). Total income was £4,834,049 (2023.. £3,562,831) and total expenditure was £5.512,23012023'.
£3,614,139).
Capital expenditure during the year lolalled £59,56912023- £172.7711- This was spent on fixlures and fittings
and computer equipment.
Investment powers are set out in the Memorandum and Articles of Association. These permit Ihe Directors lo
invest the monies of the Trust not immediately required for ils purposes in such inveslmenls, securities or
property as may be Ihought fit, except for monies subject lo lor representing property subject to) the jurisdiction
ol the Charity Commissioners for England and Wales or the Secretary of State for Children, Schools and
Families, which may only be invested as may for the time being be prescribed by law.
During the period investment income totalled £12,671 (2023.. £2191.
RESERVES POLICY
Al 31st December 2024, the School had no reserves as these were transferred to Marlborough House Vinehall
School Ltd upon completion of the transfer agreement.
Therefore, there is no reserves policy for the company to take forward as il is now dormant.
PRINCIPAL RISKS AND UNCERTAINTIES
Following the transfer of the entire undertaking. assets and liabilities ol the school to Marlborough House
Vinehall School Ltd on 31st December 2024 the school had no continuing activity and the entity became
dormant.
GOING CONCERN
Accounting standards require the Governors to consider the approprialeness of the going concern basis when
preparing the financial statements.
The Charitable Company has ceased operations following the transfer of trade and assels on 31 December
2024 and at that point became dormant. Therelore the Governers have adopted an alternative basis other than
going concern in preparing Ihe Governors, repori and accounts. There is no material difference between the
recognition or measurement of amounts in the financial statements.
Page 6

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
GOVERNORS, RESPONSIBILITIES STATEMENT
The Governors {who are also directors of Marlborough House School Trust Limited for the purposes of company
lawl are responsible for preparing the Governors, 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 Governors to prepare financial statemenls for each financial period. Under company
law the Governors musl not approve the financial statements unless they are satisfied that Ihey give a true and
fair view of the stale of affairs of the School and of the incoming resources and application of resources,
including the income and expenditure, of the School for that period. In preparing these linancial statements, the
Governors are required to:
select suitable accounting policies and then apply them consistently.
observe Ihe melhods and principles in the Charities SORP.
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards 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
School will continue in operation.
The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain
the School's transactions and disclose with reasonable accuracy at any time the financial position ol the School
and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the School and hence for taking reasonable steps for the prevention
and detection ol fraud and other irregularities.
DISCLOSURE OF INFORMATION TO AUDITOR
Each of the persons who are Governors at the time when this Governors, report is approved has confirmed that-
so far as that Governor is aware. there is no relevant audit information of which the School's auditor is
unaware, and
that Governor has taken all the steps that oughl to have been laken as a Governor in order lo be aware of
any relevant audit information and to establish that the School's auditor is aware of Ihal informalion
Approved by order of.the me
bers of the board of Governors on
and signed on Iheir behalf by..
Mr S J Hodson
Page 7

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAFILBOROUGH HOUSE SCHOOL TRUST
LIMITED
Oplnlon
We have audiled the financial statements of Marlborough House School Trust Limited Ilhe 'charitable company'l
for the Period ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance
Sheet, the 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 Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Slandard
applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounling Practice).
In our opinion the financial slatements:
give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its
incoming resources and application of resources, including ils income and expendilure for the Period then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Praclice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis lor opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS {UKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our repori. We are independenl of the charitable company in accordance
with the ethical requirements that are relevant to our audil of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fu5filled our other ethical
responsibilities in accordance with these requirements. We believe thal the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Emphasls of Matter- financial statements prepared on a basis olher Ihan going concern
We draw attention to Nole 2.2 to the financial statements which explains that the Charitable Company has
ceased operations due to the transfer of trade and assets lo Marlborough House Vinehall School Ltd and
therefore do not consider it lo be appropriate to adopt the going concern basis of accounting in preparing the
financial slatemenls. Accordingly, the financial statements have been prepared on a basis other than going
concern as described in Note 2.2. Our opinion is not modified in respect of this matter.
Other Information
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditor's Report thereon. The Governors are responsible for the other information contained
wilhin the Annual Report. Our opinion on the linancial statements does not cover the other information and.
except to the extent othemise explicitly stated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other
information is materially inconsislenl 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 lo determine whether this gives rise to a material misslatemenl in Ihe
linancial statements themselves. 11, 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 fact.
We have nothing to report in this regard.
Page 8

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARLBOROUGH HOUSE SCHOOL TRUST
LIMITED {CONTINUED)
Opinion on other malters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Governors, Report including the Slralegic Fleport for the financial Period for
which the financial statemenls are prepared is consistent with the financial statements.
the Governors, Report and the Strategic Report have been prepared in accordance with applicable legal
requirements.
Matlers on whlch we are required lo 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 misstalemenls in Ihe Governors, Report including the
Strategic 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..
adequale accounting records have not been kept, or returns adequate for our audit have nol been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of Governors, remuneration specified by law are not made., or
we have nol received all the information and explanations we require for our audit.
Responslbllllles of Governors
As explained more fully in the Governors, Responsibilities Statement. the Governors (who are also the direclors
of the Charitable Company for the purposes of company lawl are responsible for the preparation of the financial
statements and lor being salislied that Ihey give a true and fair view, and for such internal control as the
Governors determine is necessary io enable the preparation ol financial statements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial statements. the Governors are responsible for assessing the Charitable Companls
ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the
going concern basis of accounling unless the Governors either intend to liquidate the Charitable Company or to
cease operalions, or have no realistic alternative but to do so.
Page 9

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
{A Company Limlted by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARLBOROUGH HOUSE SCHOOL TRUST
LIMITED (CONTINUED)
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial stalements as a whole are free
from material misstatement, whether due to fraud or error, and lo issue an Auditor's Fleport that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delect a material misstatement when it exists. Misslatemenls 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.
Irregularilies, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatemenls in respect of irregularities,
including fraud. The extent to which our procedures are capable of delecling irregularities. including fraud is
detailed below-
We obtained an understanding of the legal and regulatory frameworks within which the Charitable Company
operates, focusing on those laws and regulations that have a direct effect on the determination of material
amounts and disclosures in the financial statements. The laws and regulations we considered in this context
were the Companies Act 2006 and SOFIP 2015.
We identified the greatest risk of material impact on the financial statements from irregularities. including fraud,
to be the override of controls by management. Our audit procedures to respond to these risks included..
enquiry of management about the Charitable Company's policies, procedures and related controls
regarding compliance with laws and regulations and if there are any known instances of non-compliance.
examining supporting documents for all material balances, transactions and disclosures.,
enquiry of management and review and inspection of relevant correspondence.,
evaluation of the selection and application of accounting policies related lo subjective measurements and
complex transactions.
analytical procedures lo identify any unusual or unexpected relationships;
testing the appropriateness of journal entries recorded in the general ledger and other adjustments made
in the preparation of the financial statements., and
review of accounting estimates for biases.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our
audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot
be expected to detect non-compliance with all laws and regulations.
These inherent limitalions are particularly significanl in the case of misstalemenl resulting from fraud as this may
involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions,
collusion or Ihe provision of intentional misrepresentations.
A further description of our responsibilities for the audit of the financial statements is localed on the Financial
Reporting Council's website at.. www.frc.or
.uklaudilorsres
onsibililies. This descripiion forms part ol our
Auditor's Report.
Page 10

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARLBOROUGH HOUSE SCHOOL TRUST
LIMITED (CONTINUED)
Use of our report
This report is made solely to the Charitable Company's members, as a body, in accordance with Chapter 3 of
Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we mighl state to the
Charitable Company's members those matters we are required to slate lo them in an Auditor's Report and for no
other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other
than Ihe Charitable Company and its members. as a body, for our audit work, for this report, or for the opinions
we have formed.
lan Weekes (Senior Slalutory Audilor)
for and on behalf of
Crowe U.K. LLP
Statutory Auditor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP
Date:
Page11

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE PERIOD ENDED 31 DECEMBER 2024
Unreslricted
Total
funds
lunds
16 months
16 months
ended
ended Year ended 31
31 December 31 December
Augusl
2024
2024
2023
Total
funds
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
16,988
4,785,479
19,323
12,259
16,988
4,785,479
19,323
12,259
1,686
3,548,255
12,671
219
Total income
4,834,049
4,834,049
3,562,831
Expenditure on:
Charitable activities
5,512,230
5,512,230
3,977,803
Tolal expendlture
5,512,230
5,512,230
3,977,803
Net expenditure before net losses on investmenls
Net losses on transfer of assets
(678,181 >
(678,181)
(4,494,148} {4,494,148)
(414,972)
Net movement in funds before other recognised
galnsl(losses)
{5.172,329} (5,172,329)
{414,972)
Other recognised gainsl{losses):
Gains on revaluation of fixed assets
755,065
Net movement in funds
{5,172,329) (5,172,329)
340,093
Reconcilialion of funds:
Total funds broughl forward
Net movement in funds
5,172,329
5,172,329
(5,172,329) (5,172,329)
4,832,236
340,093
Total funds carried forward
5,172,329
The Statement of Financial Activities includes all gains and losses recognised in the Period.
The notes on pages 15 to 30 form part of these financial statements.
Page12

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
REGISTERED NUMBER: 00587487
BALANCE SHEET
AS AT 31 DECEMBER 2024
31
December
2024
31 Augusl
2023
Note
Fixed assets
Tangible assets
Investment property
12
13
5,173,175
950,000
6, 123,175
Current assets
Stocks
Debtors
Cash at bank and in hand
14
15
9,546
59.856
25, 775
50,000
50,000
95,177
Current liabilities
Creditors.. amounts lalling due within one
year
16
(50,000)
(763, 119)
Net currenl assets I Ilabllltes
(667,942)
Total assels less currenl liabililies
5,455,233
Creditors- amounts falling due after more
than one year
17
(282,904)
Tolal net assels
5,172,329
Charity funds
Unfestricted funds
18
5, 172,329
Tolal funds
5, 172,329
The Governors acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial
tatements were approved and authorised for issue by the Governors on
and signed on their behalf by..
Mr S J Hodson
Page13

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 DECEMBER 2024
16 months
ended
31
December
2024
Year endea
31 Augusl
2023
Cash flows from operating activities
Net cash provided byllused in) in operating activities
(537,642)
2,169
Cash flows Irom Investlng actlvltles
Dividends, interests and rents from investments
Purchase of langible fixed assets
Proceeds from sale of investment properties
Inleresl paid
New loans
12,259
219
(59,569) (172.771)
1,030,000
{69.593)
(13,563)
130,339
Net cash (used in)Iprovided by investing activities
913,097
(55,776)
Cash flows from linancing activitles
Repayments of borrowing
{326,424}
(113,034)
Net cash used In financlng actlvltles
{326,424) (113,034)
Change In cash and cash equlvalenls In Ihe Perlod
Cash and cash equivalents at the beginning of the Period
49,031
(166,641)
167,610
969
Cash and cash equivalents al the end of the Period
50,000
969
The notes on pages 15 to 30 form part ol these financial statements
Page 14

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
General Information
Marlborough House School is a company limited by guarantee incorporated in England and Wales
(company registration number 00587487 and charity number 3077931- The principal activity was Ihal of an
independent school. Al the Period end, the assets and liabilities were transferred out of this charitable
company and il became dormant at that point.
Ils registered address is at'.-
High Street
Hawkhurst
Cranbrook
TN18 4PY
Accountlng policies
2.1 Basis of preparatlon of flnancial stalemenls
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charilies- Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK
and Republic ol Ireland IFFIS 102) (effective 1 January 20191. the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Marlborough House School Trust Limited meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at hislorical cost or transaction value unless
othe￿iSe stated in the relevanl accounting policy.
2.2 Going concern
Accounling standards require the Governors to consider the appropriateness of the going concern
basis when preparing the financial statemenls.
The Charitable Company has ceased operations following the transfer of trade and assets on 31
December 2024 and at that point became dormant. Therelore the Governers have adopted an
alternative basis olher than going concern in preparing the Directors, report and accounts. There is
no material difference between the recognition or measuremenl of amounts in the financial
statements.
Page15

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Accounting policies (conlinued)
2.3 Income
All income is recognised once the Company has entitlement lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
School fees receivable, less any bursaries or scholarships are billed termly in advance and the
income is recognised on the first day of the new lerm lo which Ihey relate. Where fees are received in
advance of the relevant period, they are recognised as deferred income.
Income receivable for extras to the core school fees is billed in arrears on the following term's bill
when the amount of income receivable can be measured reliably. Amounts are recognised in the
period lo which they relate and held in trade debtors until payment is received.
Donations, legacies, grants and other voluntary income are accounted for when the following criteria
are salisfied. entitlement has arisen, the amount can be reliably measured and the economic benefit
is considered probable.
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
lo a third party, il is probable thal a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single aclivily are allocated directly
to thal activity. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are apportioned between those activities on a basis consistent with
the use of resources. Cenlral staff costs are allocated on the basis of lime spent, and depreciation
charges allocaled on the portion of the asset's use.
Charitable activities and Governance costs are costs incurred on the Charily's educational
operations, including support costs and costs relating to the governance ol the Charity apportioned to
charitable activities.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposil is included when receivable and the amount can be measured
reliably by the Company., this is normally upon notification of the interesl paid or payable by the
institution with whom Ihe lunds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £2.500 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of Ihe 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 its intended working condition should be
included in the measurement of cosl.
Page 16

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Accounting pollcles (conlinued)
2.6 Tanglble flxed assets and depreclatlon (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated uselul lives
Depreciation is provided on the following bases..
Freehold property
Motor vehicles
Fixtures and fittings
Computer equipment
over 10 - 50 years
Straighl line over 5 years
Reducing balance at 15 %
Slraight line over 3 years
2.7 Investment properties
The Trustees, policy was to revalue the company's investment properties at each reporting date.
Governors assessed the value of the land and buildings based on an independent valuation carried
out in 2023 and updated for current markei prices.
No depreciation is provided in respect ol investment properties in accordance with section 16 of FRS
102 "Investment Property"
2.8 Slocks
Stocks are valued at the lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriale proportion of fixed
and variable overheads.
2.9 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.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturily
of three months or less from the date of acquisition or opening of the deposit or similar accounl.
2.11 Liabilities and provislons
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transler of economic benefit will be required in seltlement, and the amount
of the settlement can b8 eslimaled reliably.
Liabilities are recognised at the amount that the Company anticipales it will pay to settle the debl or
the amount il has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate ol Ihe amounts required to seltle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounls, discounted al the pre-tax discount rate that rellects the risks specific to the liability. The
unwinding ol the discount is recognised in Ihe Slatement of Financial Activities as a finance cost.
Page17

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Accounting policies {contlnued)
2.12 Flnanclal instruments
The Company only has financial assets and financial liabililies of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and subsequently
measured at their selllement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.13 Penslons
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company lo the fund in respect of the Period.
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Governors in
lurtherance of the general objectives of the Charity and which have not been designaled for other
purposes.
Reslricled funds are lunds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity 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 linancial slatements.
Investment income, gains and losses are allocated to the appropriate fund.
Crltlcal accounling estimales and areas ot Judgmenl
Estimales and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The Company makes estimates and assumptions concerning the future. The resulting accounting
estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and
assumptions that hav8 a significant risk ol causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below.
il Tangible fixed assets: the Iruslees annually assess both the residual value of these assets and the
expected useful life of such assets which is currently judged lo be up to 50 years, based on experience.
ill Recoverabiliiy of trade debtors.. the directors annually assess whether a bad debt provision is
required lor any bad or doubtful debtor balances.
Page18

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Income from donalions and legacies
Unrestricted
Total
funds
funds
16 months 16 months
ended
ended
31
31
December
December
2024
2024
Donations
16,988
16,988
Unrestricted
funds
Total
funds
Year ended Year ended
31 August
31 Augusl
2023
2023
Donations
1.686
1,686
Income from charitable activllies
Unrestrlcled
Total
funds
funds
16 months 16 months
ended
ended
31
31
December
December
2024
2024
Gross fee income
Less.. bursaries, scholarships and allowances
Other charges to pupils
Registration fees
5,005,479
5,005,479
1433.973) (433,973)
209,923
209,923
4,050
4,050
4,785,479
4,785,479
Page19

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
{A Company Limiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Income from charllable activities (continued)
Unrestricted
funds
Total
funds
Year ended Year endecl
31 Augusl
31 Augusl
2023
2023
Gross fee income
Less.. bursaries, scholarships and allowances
Other charges lo pupils
Registration lees
3, 777,606
3, 777,606
(356,890) (356,890)
124,589
724,589
2,950
2,950
3,548,255
3,548,255
Income from other Irading aclivilies
Income from fundraising evenls
Unrestricted
funds
16 months
ended
31
December
2024
Tolal
funds
16 months
ended
31
December
2024
Lettings
19,323
19.323
Unrestricted
funds
Total
lunds
Year ended Year endea
31 Augusl
31 Augusl
2023
2025
Lettings
12,671
12,671
Page 20

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
{A Company Limiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Investment income
Unrestrlcled
Tolal
funds
funds
16 months 16 monlhs
ended
ended
31
31
December
December
2024
2024
Bank interest
12,259
12,259
Unrestricted
funds
Total
furpds
Year ended Year ended
31 Augusl
31 Augusl
2023
2023
Bank interest
219
219
Analysis of expenditure on charltable actlvltles
Summary by fund type
Unrestrlcted
funds
Total
16 months 16 months
ended
ended
31
31
December
December
2024
2024
Teaching costs
Welfare costs
Premises
Support for schooling
Bank interest and charges
2,974,365
670,460
1,056,910
733,317
77,178
2,974,365
670,460
1,056.910
733,317
77,178
5,512,230
5,512,230
Page 21

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Llmlled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Analysis ol expendilure on charitable activities (conlinued)
Summary by fund type (conlinued)
Unrestrictea
funds
RestriGted
funds
Total
Year endea Year ended Year endeo
31 Augusl
31 Augusl
31 Augusl
2023
2023
2023
Teaching costs
Welfare cosls
Premises
Support for schooling
Bank interest and charges
2,246,925
471,928
547,496
691,360
17.781
2,313
2,249,238
471,928
547,496
691,360
17,781
3,975,490
2,313
3,977,803
Audltor's remunerallon
16 monlhs
ended
31
December
2024
Year endea
31 Augusl
2023
Fees payable to the Company's auditor for the audit of the Company's
annual accounts
16,160
16,675
Fees payable to the Company's auditor in respect of..
All non-audit services nol included above
1,000
1,000
Page 22

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
10. Staff cosls
16 months
ended
31 Year ended
December
31 Augusl
2024
2023
Wages and salaries
Social securily costs
Contribution to defined contribution pension schemes
2,933,050
259,224
271,597
2,278,142
198,599
219,374
3,463,871
2,696,055
The average number of persons employed by the Company during the Period was as follows..
16 monlhs
ended
31 Year ended
December
31 Augusl
2024
2023
No.
No.
Teaching
Domestic
Administralion
57
58
16
20
80
86
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was:
16 months
ended
31 Year ended
December
31 Augusl
2024
2023
No.
No.
In the band £60.001- £70,000
In the band £70,001 £80,000
In the band £100,001 £110.000
In the band £130,001- £140,000
The total remuneralion and benefits received by key management personnel during the Period was
£404.562 (2023: £ 325,781).
Page 23

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Governors, remunerallon and expenses
During the Period, no Governors received any remuneration or other benefits {2023- £NIL).
During the Period ended 31st December 2024, expenses tolalling £NIL were reimbursed or paid directly
lo Governors12023 - £NIL).
12. Tangible fixed assets
Freehold
property
Motor Fixtures and
vehicles
flttings
Compuler
equlpmenl
Total
Cost
At 1 September 2023
Additions
Transfers inlra group
Disposals
Depreciatlon
Al 1 September 2023
Charge for the Year
Transfers intra group
On disposals
6,831,600
96,360
1,181,365
31,371
(206,534)
(96,360> {1,006,202)
688,043
8,797,368
28,198
59,569
(28,198) {6,768,250)
(688,043) {2,088,687)
{6,533,518)
(298,082)
1,978,661
181,404
(2,044,616)
{115,449)
96.360
864,566
65,003
(46,793)
{882,776)
684,606
3,624,193
12,499
258,906
(9,059) (2,100,468)
(688,046) (1,782,631)
(96,360)
At 31 December 2024
Nel book value
Al 31 December 2024
At 31 August 2023
4,852,939
316,799
3,437
5,173,175
Page 24

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
13. Investment property
Freehold
investment
property
At 1 September 2023
Disposals
950,000
(950,000)
At 31 December 2024
Governors assessed the value of the land and buildings based on an independent valuation carried out in
2023. The investment property was disposed of in the Period.
14. Stocks
31
December
2024
31 August
2023
Finished goods
9,546
15. Deblors
31
December
2024
31 August
2023
Due within one year
Trade debtors
Prepayments and accrued income
50,052
9,804
59,856
Page 25

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
16.
Credltors: Amounls falling due within one year
31
December
2024
31 August
2023
Bank overdrafts
Bank loans
Trade credilors
Fees in advance and deposits
Other creditors
Accruals and deferred income
Advance payment scheme
24,806
126,068
83,046
475, 779
9,634
19,499
24,287
50,000
50,000
763, 119
A CBILS bank loan of £500,000 was taken out in 2020 and was repaid during the Period.
Interest was being charged on the loan at 2.34°/o p.a over base rate.
A Societe Generale bank loan of £130,399 was taken out in 2023 and interesl is being charged on the
loan at 5.301. p.a. The loan is repayable in instalmenls over 5 years. This loan was transferred to
Marlborough House Vinehall School Ltd on 31 December 2024.
17.
Creditors: Amounts falling due alter more Ihan one year
31
December
2024
31 Augusl
2023
Bank loans
282,904
Page 26

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Llmlled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
18. Statement ol lunds (contlnued)
Statement of funds- prlor Year
Balance al
I September
2022
Balance al
31 Augusl
2023
Gains/
(Losses)
Income Expenditure
Unrestrlcled funds
General Funds
4,829,923
3,562,830 (3,975.489)
755,065
5,172,329
Restricled funds
Restricted Funds - all funds
2,313
(2,313)
Total of funds
4,832,236
3,562,830 (3,977,802)
755, 065
5,172,329
19.
Reconciliation of net movement In lunds lo net cash flow from operatlng actlvltles
16 months
ended
31 Year ended
December
31 August
2024
2023
Net expenditure for Ihe Period las per Statement of Financial Activities)
(5,172,329)
(414,972)
Adjustments for:
Depreciation charges
Interest paid
Dividends, interests and rents from investments
Lossllprofill on the sale of inveslmenl properties
Lossllprofill on the disposal of fixed assels
Decrease in debtors
Increase/ldecreasel in creditors
Decreasellincreasel in stock
Loss on transfer of assets
258,906
69,593
(12,259)
(80,000)
306,055
59,855
{644,791)
9,546
4,667,782
190. 705
13,563
(219)
172,959
24,086
15,676
371
Net cash provided byl{used In) operating activities
(537,642)
2,169
Page 28

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
20.
Analysis of cash and cash equivalenls
31
December
2024
31 August
2023
Cash in hand
Overdraft facility repayable on demand
50,000
25, 775
(24,806)
Total cash and cash equivalents
50,000
969
21. Analysls of changes in nel debt
At1
September
2023 Cash flows
Other non-
cash
changes
A131
December
2024
Cash at bank and in hand
Bank overdrafts repayable on demand
Debt due within 1 year
Debt due after 1 year
25,775
(24,806)
(126,068)
{282,904)
24,225
24,806
100,000
226,424
50,000
26,068
56,480
(408,003)
375,455
82,548
50,000
22.
Pension commilments
The charity also makes contributions to defined contribution pension schemes whose assets are held in
an independently administered lund. During the Period, contributions of £271,597 {2023 £218,538) were
made to the pension scheme with contributions of £nil (2023 £nil} outstanding at the balance sheel date.
Page 29

MARLBOROUGH HOUSE SCHOOL TRUST LIMITED
(A Company Limited by Guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
23.
Operatlng lease commltments
At 31 December 2024 the Company had commitments lo make future minimum lease payments under
non-cancellable operating leases as follows..
31
December
2024
31 August
2023
Not later than 1 year
Later than 1 year and not later than 5 years
31,646
110,825
142,471
Page 30