2020-08-31-accounts

Upton House School Limited IA C(¥npany Umited by Guarnnteel Incory)orated In England and Wales No. 00677794 Roglstered Charlty No. 309095 GOVERNORS. REPORT AND FINANCIAL STATEmEP￿s For the year ended 31 Augu$t 2020

Upton House School Limited (G7mpAts)' L4miod by Guarantee) Membtts of ¢be Boar4 Officus and PtofrssIor￿ Advi5er8 Reg￿tar0d Chartty Narnè Ukkn Hou8e SL)Icd Umibj Charity Number Cofflpany Reglstrallon Nun>er 115 St Letswd'$ Ro8LI Berkshire SL4 3DF Ilembern Mr G O J SW Iretlr•d 6 Sep20191 Mrs V Barker S C Calms Mr G E F Ddznoy Mrs F R LloyQ laFpe&ed 18 M8r 20201 K4i$s S E Mawn Mr G P8rrish lappointe(128 F•b 2020) MrRDLSmyth Klr R M StthV8rt Mr C Vilares Iretired 20 May %J201 P M WaTw* Mr¥ E S M Wtgz¢II H•admlitr6•• MrsCJAk8 Mr G O J St(ry (to 6Septemter 20191 Mr¥ V Barker lfrc¥n 6 Septamhr 20191 Mrc Vlares (to 20 May 20201 Miss S E mas￿ (from 20 May 2020) ¢￿Ir, FInan￿ & G•Mr•l Audiior• MLWXg ￿.￿Ston Smilh LLP De￿￿￿lre House e4) Gos81 Road LIY￿( EC1M 7AD Banknrn Handd$ba￿￿1 Flc lThYewdent House William &reet SL4 1BA Sollcltorn Vealewastrmugh Voard¥ Narrow Quay House Narrow Quay Brislcd BS14QA

Upton House School Iimited (Compally limiitd b). Guargnitt) Report ofthe Couocil ofmawe w6senb.ng tsr repm fty the year 31 August 2020 urth the CompaThes 2[￿￿ and Ihe Charth"es Ad 2011. The thudited finanoal 512ternents lor the year cLmpty Iwih Ihe u1￿Ments of the Companw 2￿￿. ts Comwys of Assoa8tiCffl 8nLI Ihe Chaiibes SORP IFRS 1021. CHAIR'S STATEIAENT The Academic Year 2019 -2020 ￿%11 ￿rtaInty be ore all rern￿Ije[. At Upkn House ScKKA we are very pr1￿ of al have ackned during this ret¥)d. Our numbers started higher than in Fyewous years arY rem&ned so dewte tr dwNeThJiThJ oromtsxan￿. Dunng Ihe Summer I￿Ard0¥m. tyjr excdknt resp(￿$8 to the paThYemJc Meant ￿ were ab￿ to (tntinue edu¢atirKJ all ¢xr Pr&wep and Prep chiklm %wth INe, re￿ time, teachor-led rrEtabled lessons ofyline they happly attended at home and in IheAr unrforn$l Our day began wth Sc1￿ assèmbly eath day led by ow Headmistress. Ths was a speoal part ofour day when we 8N came logèthw. Even twh tyjr Phys￿ d￿r5 m dosed, our %Artu81 door5 were very muth OFen. We exFedrted the ¢•JrKh of our (￿lIne leaming platromi upt￿H￿Se@HOme during ths Easter ￿￿idaYS ar￿ wwrt INe efi the first day of tth. The thildren accessed all ￿￿80n8 tsr (hvn tésp)ke cakndws and Icin￿ meètiw$ and lesKfi3 throughtyth the day. frdto+n"ng Ihar ￿181 I￿n&￿b]e. EV￿ our youngar Child￿n were IdI￿g thet'r usual ￿"￿tsb￿ mL¥nir#J th great rewts fe•dbad(. A8sembli¢8. sp(rt dfama, 1..1 penpatr music le$9￿$ rnu3￿ exams eontyTbwI. enihusiasc slaff and thcMigNy enjwng Iht expenwth. YtyJThJw pup118 had d&ily 8th¥￿e$ and ston6S by the aff Ihey kntsv and loved. ready to usa by parents at times wveni8nt to them. Durlng Ihi5 th8Wing b'me tr Upkn) f8milh?s. our daify wejl-being sion offered lo thJk1M Pal￿ts, frcffj All Staff. incknirvJ thè Ha•nistres$. And 1..1 pwt Wa8 ￿te￿i¥0 parb.￿lIarty apw￿tel1. Ow èlm al al b.rnes w8s ts ddiver 'nomialty in a time of UnC•tsinty' and to th? thikjw dN1 Th)t miss on lèaming, tsjniinued to mak• wcgress. and par￿ wJld 81 hune h8wng to about teaehirrfJ Iheir thikfj￿n. Printing was 8 b8nn&J th and parents were ￿t ask￿ tg pnnt ythiThJ. Em of wcwk wa8 dvJitaty ¢>eated and ft frjr purpw. HOrn￿ork was deffvered onlin• arjol submrtted ttwh Teams. Whilst we able to gNe a dise<)unt on fees to parents in S￿rner Term. m8ny p?￿nts, in an unsol)ted move. wd fees in full at th¢ end of the tenn hawng exF￿en¢ea UptonHouse Home. We are and were at￿lUtelY ddvJhted tht pro9￿$ the wpls have made arnl a￿eMelY imwesstsj wlh dl the effotts ofthè stsff and fee¢th rèe8Ned. REFERENCE & ADWNISTRATIVE INFIJPIIATK)N Upts House School knmted 1$ 8 t8rilat4e rxynpary IwndJ in 1936 inoyrmted 8$ 4 cy)npany limrtad by 9uarwrte8 In D￿fflber 198Q. Refer￿ 8nd adm￿1strat￿e dets1￿ are In thè of Mem￿ of the board and Membe Mr G O J Story Iretir•Y 6 September 20191 klr5 V Barker Mrs S C Calms rGEFDel Mrs F R Uoyd lappoint&J 18 Mard12020) Miss S E Max MT G Parrish lakv¥ntaJ 26 Fetw 2020) MrRDLSmyth MrRmS1￿rt Mr C {rdired 20 May202ry) P2

Upton House School IAn)ited (Compan) lijnited bi. GBwantee) Repon ofthe Couocil of Managemtttt Dr P M Warwicker MrsESMWI sTRuCni￿ GOVÈRNANCE & MANAGEMENr Gowrning Documrt The Compary 15 gOV￿lted ty itsArtK6 OfA8$￿.8￿￿ d8t&J 231 March 2011. Govtrmlng Body The Cound ot Manag&nwrt retylarfy a sk1$ of exislng C￿r￿lI m&nber& Thè Chairnwi. ass￿ed by the Headmistress a)d Bursar. and crther members as appropnate. seeks to identify pcwt4¢ new fAxJfKiI m￿t￿8 to meth any gap5 identifi￿. Trnstees are deced as of Ihe Ccrtrtil at a ￿1 meeb'ry of the Counul of Management. Tw3t89s. are rffjuired to $￿ve as [h"r•￿S ofthe Company undw the ides of Associth, serve for a temi of fow years aThY we ehgible to siarKI for re-dediffi ft( tsvo frjrther tpJms. ￿. tsi ex￿p￿onal ar￿ms￿n￿ or4y, three temis. Tru$tso Tralnlng Upon election lo ts Coundl of PAw￿l&lL Tiust•&s ar th8 Go¥wn¢x8' landtxl( t>￿ta"nIN￿ infcmHtion rdab'ffj io I￿ sd￿ and rts managemenL whiL is uréatatt as réquired. New Trust￿ are also inviied to SF•vJ frme thè Chairs of the Council and the FinarKe and Genwd Pwp)ses Cc#nmrtt••. the Headmistress and with the Bur6ar for indudion training, prior to attwjing ttre'r fnt fvll CwKiI methng. On-goirrfj trainir>g for Twee8 is in the f(m ol uwjaies 8t Couti￿ Ma￿$r@S and to the Govwnors, Handbook, toaetw wilh the offer ¢0 attem sp&)fic training ctyJrses and Lsjnfererw for govetrK)rs run by the Incorwatéd Assooaticffi of Prepar8tcry SchocA$ IIAPSI. Independent SdTrotsls Cound, A8wo'8tiM of Governing B&thes ol IndeF4ndent Sdw4$ ¥rnikr r￿e¥￿t b)the& One Tnjth attended 9J¢ an 襕)t d￿fig Ihe year. Ind•mlty In•ur4nt• I1￿mr￿ty injur#￿ has bew ten (Art In resFe(a orth• TN• organl8atlo￿I ltsnagemgnt The COUr￿j1 ol Monagement mttts at least Ihw times a year to ¢Jetermine the general pc4iGy of Ihé company aTrJ reiew it8 mws&wnent and ¢￿troL Tho firnarrial man•pment of the company is oversow by tré Fifian￿ and Genu Purposes Cc4nmrttee, wbth meeis thr times 8 year, wior lo fvjll COU￿31 meetiTYJs reports its fiThdirqs to the Counol. The School, fijture d8vek)pmenl ￿an is draft￿ by the Headmistress and ¥A8fl and rewewed annually by the Developmerrt Cofflmrttee, whith rneets in January ￿ Fetxuary ané rer4MS back to ihe C(¥Jn¢71 meeting later Ihal temi. The￿ is 01so an Educab'c¥) 8nd Pastual &Jt￿C0rnmlttee and 8 He￿th Safety Cc¥nmrtee, t(th lemity. and 0 Bwwy S￿c<¥nmrtI8ts. whNJ) moets as raquirèj. The d8y4¢>d8y runniNJ of the SthrK4 is ddegated 10 the He•Jmisiress supportad by the Bursar and ¢Xher membws Leadership Twn ISLT). To3ether the se members ofthe SLT are Ihe key ￿agernent per80nnel. Remuneraticn. indudiThJ thai of key managem￿1 F￿r$￿n￿, is set by Ihe Council of Management, Ma the Fina￿ G￿￿ra1 Purpcsses Crynm•ttee. the pclicy obJ"edive of ensunng appropnate In￿ntiVeS to ewur4e excdènt and in a far and responsible rnanner rewardry indmdual ow1n￿ti￿$ to the company's Suc￿$$. The approprpterws aThJ relevanc£ ol the rwnuneratson pkn is revi￿e￿ ￿nuallY Induding referern￿ to 0)Mparis￿)$ with ￿ iAler￿￿)I Sd)th)15 to engjre that Upion House Srkn main$ sensitive to the broad&T issues of pay and ern￿oYm￿l dsewhero The sth0￿ 81ms to recrurt. s￿t￿e￿ to exp6r1w￿. at the to meAl+wn vAthin the sale. owding stsy to be rewarded for excdkn Ddivwy ofthe School's oaritat4e and

Upton House School limited {Co￿P￿ iimiied bi. Guatantee) Report of the Council of ManageD)ent purwJse is wbmarty detw¥knt wi kèy mJwgewt p￿￿n￿ arml staff cc4ts are the Largest single dement ofour thantle eX￿dit￿re. sINeture and r8latlonshl Upton House s(￿ i% an memtr of IAPS ILY the And nwntenaTrx of yeparatory sch&Jl and8rds generalty. and ￿$0 subsrAibes to a number of olhw L¥Aies rdating to ejucab.on indep&int sthcKAs. The Scmol LXNOFèS with other loca arnd national organisats'ons thart.es in ts efft)rts to ¥Mden pubjic ac(￿ to the education rt provbde and 0Ornlse the use of its Caj￿r¥I and spx)rting faalthes to awaken in rts pU￿"1S PrfnGl￿l rl8ks and u￿rtaInl Ths Cwncj of Klanag￿tryI. vi8 Ihè Finance Gen￿￿ Purpos06 Comrrittae, reviews the se￿.6 ojtrenl aTrY ￿anned frJ&Jre ￿￿thbe$ in tho of any major risks 8ri&ng from b.me to The C¢JJnd re98rds Ihe may nsk to b)e SthocA ks falling numbern of pu￿lS ￿ rdl. This ri i¥ exacrbated at prestht due to ths pJssitrAe impacl of the United ￿ngdOM'S docagon to leave the Ewopo8n Un￿￿ and by the impaot of the oyonawrus pandemio The annLW CO8t incoma bjdget is sel ￿ a o)rtservabve bas to ensAJre that the w0￿d be 8bla to C4Jntinue to operate ¢kn"ng any temwary swnrfunt reduc￿ n) numbers. In the 8vent that suth a fall in numtws I>￿ed Ikely lo be s￿￿'Trea. the wtyjld knk ftrst to cost reduc(￿. Thé C¢>JrKil c£￿d￿ra￿ a strategic rewew ol epérats"orffj and the o)st bgse dunno 2017118. This resuhed in the de<ishgn to extand Nursery operakns 10 48 wéèks a yew, whith C(mMen￿￿ in Feb￿￿ry 20tg. and the an1￿j￿eMen1 ihat Upton House School ¥￿11 movè to a fully cTredL￿tKwlJ Irom ages 2 10 11. th the first Ws joining the epar￿Ory department in Septernber 2020. These tsvo Inthtis hava 8lr8th welded resutt6 In terms of NL¥Wy pupil numters reien¢ion of boys. thjring the perSod ol 1ftf¢y￿d c4)wre due to fv ¢)xonaMtus the Coundl of Management undertook mthldliThJ and derAded to r8ducE lees for pupils trom Tran?ition upwards fiilst prowding a l)est in dass offer its UpionHou8e@Home IUH a￿lne leaming ￿atro￿n. Nursery pupA& were Ih(xJghl lfy) young to participate in thè full daity limeta￿e ol UH@H, wwe th8rged a retsin￿ C￿ty, and rewv8d their ￿Tr ryogramme of agement acvrties prowided by ihè earfy year8, (J￿Ine ]d &rnail. Th¢ dscoJnts and enline offer in rx)mtsnatyc￿ extremdy w￿￿r￿1ve￿ ty p￿nts and pupils ol course. impactsd sKJnfficanty on Ihe Sthcd's ￿￿nue f¢x the yw, tcyth8r bst ccthe from actswbes the SdKol was do$￿ and in ordw to limit tha Infect.￿ risk c￿ the sCJ)￿l The rBk of lurther dotses ￿lIst Ihe parttyem c#￿ttn￿ is regarded by Ihe Counca as wgnthcant, whilst reco3ni&r#J the gOvwnM￿rt's 6tst& intenlicffl to keep sthods open. The Sd￿￿ negotiated an extended overthal was not U1￿MatelY used, and wcl￿d have e4W ts avwlat48 govemrnen¢ fvjnding had thls been 8Éary. These Strateg￿ WH L used again should a ftjther t)w￿ be ftece558ry. The did m&ke use of the CJRS IbJrl¢)ughl s(the. UH H ha5 been rn8intsined throughrJl and re¥erting to te&iTrJ odir. shtyJkJ It￿1 be necessary, will be str8KJhtlc¥ward. The Council alg) c(￿lLYerS th 181wo to r•yuit the ccfftct ￿lIt￿t of staff i¥ ¥ enb81 risk to the suoxs of the S(thd. This maW Ihroygh a ￿MprehenSive reuuitrnent pdicy and adheren￿ to the guidefires safer recnJitrnenL Candkls for all rc4es are put thr￿gh a rrfjorowq asse￿￿ w)d inieNevJ by rrwxe ¢h8n one member 01th8 SLT. New Slaff members are mentor￿* by 8 member of Ihe SLT &¥J, shLwJld there be any cems, these are adressed wornpdy. The mwnt#in5 8 register of reliable. high anrvryj for the Sen￿ OFwaticrtal roles in the SLknI aTrJ a prt rl c￿￿31 members The ftsk of rWINy failure is aso caref￿Y man8ged ty tsknng ath8ntrge of 4 the Infonnation ¥vaii8tk to 5thods in the form of umes Ihe variou5 professional bc¥8Es of th8 SLh(KA has memtHship,' by en$l￿￿j that $18ff keep up to date the latest

Upton House School Limited (Compaoy limited h. Guarktee) Report of the &bunciI ofMDagtmeot developrnents in educational fv'nknng arKI Wath￿ tstxKdh attendiry cxynes, and nefvvorknng, 8nd by emthiThJ F￿fesSic￿￿l athsers wh￿e ak¥Yopriate. The Counol of Managem&)t 1$ o)nsc1c￿l of Ih8t the 9)￿￿.$ extsll reputabon is m&ntained at ￿ tirne& Any repUtèlj￿￿ nsk is managed through up to d8te. approwiate pr4￿leS and thrc4¥Jh training to ensure staff Lthwcrtjr Inside and outside ¥thod. parrioJl8rfy in areas such as scAI81 netsvothiThJ, is of the hKJhest standard. The Stho ccnmun￿￿leS comFxthsivety parènts and has an Op￿￿ to ensure that cwns Ihat may wise we de8ltvthh The Counal of Managernent rwnises Ihat Ihe risk to Ihe Schod'8 repUtatiL￿ ofa of sofe9uaréiNJ regulaly'ons wtyJld Èe wy damaging enwrnthat safeguarding matters are gven the hvjhest pnority. The Deputy Heal is an eyienced Des4nabJ Safe9uarding Lead, ond ftrther members ofthe SLT are de5wJnatsJ safeguarding peot4e. The ned has appointed a Member to 8a as the ￿e￿gna￿j safeguardns liaison on its behalf. o meets the safeguarL1ing team at ￿ast a tem). the 3t)bt attend regular training to ure the sth￿l has the latest gUKlar￿ ￿ all safèguardiThJ Matte￿ and the Sd)od's safeguarding Is sulyl to regL¥ar utmyaie, iThJudin9 reMew at tèaSt onr a year by th6 fijll Council of Managernert All staff retswl 8afeguar(brrfJ trainiry on J￿nIrtg the Schooj and an annud upd8te. bk Strateg￿ Tèmew h86 addre¥sed ccntxrns regwding pupl numbers W￿.th ￿Utted in Ioss88 1 2017118 and 2018119. FIJ￿1 num￿ forward Fryethon5 are excelent The impad of th& pandemic w8s unfcrtuna¢e In Ihat the kjst ino)me resulted In anoth¥ y6ar ol los$ when a lye?k-e￿ or better was real￿t￿aTrY expthj. H¢￿eVer, the Sth¢JoI has recovered quickfy wllh strong fin8noal kVOJèdions for 202CV21 and th¢ C¢xJndl Ss ofthe ￿iniOn tt)ai rotent event8 have not unduly affeded the S¢hcol'$ reslier￿. BC￿o￿ngS are low aThY reduang, with the balance of thè r￿8￿Ing hjan due lo be r•p8id in fill in 2022 at th¢ end of rt8 1[￿year te￿. The Schcd ha5 an ovwdraft laalty with rts bankers wll wowdè working taprtal Should thera be a lemtKYary shortage of fuThJs. but. prudent budgeting and tha strong reWts1￿ ol sc￿. the C(xrril does rK)t t￿￿der this 8 major risk. The 90vernment anmLmrAY In September 2018 th81 the employer ts)ntribub¢Jn rate to th¢ Tea&￿, Pension Stheme woul¢J Inc¥eas• from 1 Septemtér 2019 to 23.68% frorn 16.48%. The S(ool estimates that this co an ad¢tso￿ £67.COJ In pensk)n c(￿tnt￿.on8 in 2019rdo. 2020121. Plans and strateg￿$ l¢x maNag'rg ri9k ind￿0 maintsining effts#Ne ult￿1 (xmtsds, risk OBJECTS. PUBUC BENEFtr A]Il& AND PRINCIPAL ACTMTIES The 0￿.e(t of the C¢npany, In accorda￿ its Artide¥ of A$stri8￿, 18 to prcThcle, and carry out the ethKabon ol th￿reTr In the furthern￿ of this obje¢ th? Direclors. as the thanty Twstees, have wlh duty in &17151 of thè Charities A 2011 to have due regard to the Ch8nty Commissrm s wtdish•Y gen¥¥ and rdèvant su secac( guidance concernry the of the pubk bE￿fft reqU1￿ment under that A Slrxtsglc Alm and Intended Ell•et The strategic airn c+ lIpt￿ HtyJ¥e s￿￿. put4rc trMefit as a dwilat4e independent s￿)0￿, is to VOVKJe Ihe besi wXtcatK)n for e8th thild, a lfvely, £thallenging d broaO-b8sed ujrriojum and swnd teal￿￿ rnet￿$. wov5d8d in a ueative and Sl¥nuLqting en￿￿ment The SchcA)l aims to deveknp rts wpiLs as ￿rt￿$. £vn%derate. and Manfft￿d chilthn thr£vJh its ethos. values ￿ ckne t)rkpvJ r￿a￿(￿shiP parents and the local cLynrr•￿ty.

Upton House School Ltmited {Compan)' tijllited bv Guar¥ntee) Report ofthe ofMAW¢ts¢ ObA¢ctivgs forth? year The main obJec"ve of the ol mana￿￿1 c£¥Jtinues to be the yoviwon of the best edLQtM)n Fosybk for pu￿15. thmng tkn to rewve ￿d￿jUa1 attentith aThJ nsideratKJn. thus enabling them to devekp at tsr U•¥n pa￿. The stre9y for d(xtYJ this Is to mantsin high kvds ofteathing and p8Stor4 care stanttar¢ts and to wowde the best faolitiès kwibk8.

to maintain 8 hylwuaftty stsff thrwgh Job Sat￿th and renL#thnt of thng ondidaies tg repigc naDj￿ stsff ttmw. to market p18n ts a ctseducab"on81 in Prep frryn Septemhr 2tr20, to to ¢W the and aLvely use in m8rketyng.' Prfn¢lp•l A¢tlvlty The prinap81 acth wntinues to be the pr(m$￿ ofa ¢J8y schocl for glrfs 8pJ 2-11 arvy Ws aged 2.7, whi( wll be gradually wthned to 2-11 tsjmmenung In SèptemÈr 21720. At thg end of th8 yearthwe were 65 Ws an(1184 grts ot Sth)d. Bursarle8 & PvblF¢ B•n The Sth¢x4 supported 912019. 8) Imlh bwsaries in the year at 8 cost of £68,985 (2019- £44.8211, wlh nèed astss8•J by a su&oJnrnittee of the CowKil on a means tested tws. The transferreLI £70.333 12019 - £e8.Wl to the bU￿ry fvnd to meet thi$ cunmrtmeN. wth balance rwnainry in the fijnd for lubJre ￿8[5. The 8ward$ induded 4 12019".111C¥J% 8wardts, indu(kry 3 •vardB. M)ainirvJ 5 awards ware tett￿n 45% aThJ 80%. In 8ddtlon to Ih¥ buwry SUFWI objve. Ihe a Iree rAKe to 1 LihJ In Nursery 12019- 11 at 8 c4st of£3.04912019- £6981. In the publlc interest. the Sd￿1 cthinues to partiopate ar4Y enthusiastitsny In loc41 events and makes rts f8oIthS 8vai18bk, ¥JbieLI to thitd prote£Jion rg]uirernerts, to Ict81 organssab.ons for edutstsonal and reLYea1￿1 è¥tftts and 4otiwtie5 for b)th thildren and adults. During the year, fist ￿ganISab(￿s the faolths wularty a lurth8r seven dH1 $0 an basi& Unlc¥tunatdy. dl lètting admty, Savè fty h¢4hJay ytsM8ion for Upton Hw¥e PUF•ls, has oJffenYy stcwped due to the paThJemlG The Schw4 lent tts miTthoe¥ free of dwge lo maini8lned ¥Y¢mary St￿￿ artrj was to knd to a se(￿j, tKrt th"s w89 C￿Clued du8 to Ihe pand&n The Sthoc4 pahl fr¢ the inslaWa1)r￿ and ¢Wng rLmning co of 8 txynmunty ¢JefthilL310r Installed on its t¥>Jkxtsrywl during tho year. Upton House Schcd pupAs continued ￿r to redw gryl&use plasb"¢ in Sth(K4 Fundralslng The SKhorA <Joes ary hjndrawg a• LNJ¢gOe its o•m (WM￿ty, aThJ any buxls raised iniemtlty are b2neft of cther thar￿e￿ Urkn Hou8e Farndies (UHF. [m￿sIY the PTAI. ￿l¢h 1$ a separate Ixrt linked (*Janisabon. oises furts frcm pw)ts and

Upton House School Limited {ComFJoy Limited by Guarantee) Report of the G)wKil o(Manggment REVIEW OF ACHIE￿￿EF￿s AND PERFORIIANCE F£￿ THE YEAR Op8raWonal perf0m￿nce In 201V20 Ihe Schoc4 has matrrtawl #ar￿d$ of paStc￿ (are ac¥d￿k 84revernent whith were r8fie¢ts1 in the May 2017 ISI rewt tha¢ ￿ again. Uptc House the highest powt4e gr&J¢ of"ex¢%Oenf in 8113reas. This yw has seen a ¢%￿b"nueAl Js on puwls, weI￿LE1￿j and mental heath, the aFwnbneni of a part-ty.me Wen-88ing cWdinat￿ In Januwy 2020. worked dunr¥J the doswe f<¥ the r8St of the At ￿ end of Ihe summer twm Ihefe 249 12019 - 2391 cffl rc41. as the record number of puwls regi8tweO in 201PJ19 6tarW 10 into the Schxl, and tl)e r•t8TrtKJn or s irnproved. A fth1herjurnp in pu￿1 rtlwnbws toc re in Sertw))ber 2020. Pupl numbers averaged 218 lull brne equNants IFTEJ (2019- 1981 aTrJ on roll aver8ged 24512019_ 2291. Of putyls on ral. 169 12019- 11, ￿ avwage, of statuw scool age and thu$ the act'v￿e$ of the Sc¢x4 ywated a synfftant saving in tarms of edUcats.￿al expenclibJr8 by the 9ovemment ITS the year to 31 August 2020 ano ￿11 CLrtbftUè b do so. Registration8 rebjmed to more usual levds of97 wo¥o(vÈ wwl$12019-1W. In the sJJmmer 012020, 26 girls K8ft Ihe &hoc4 to on to 8ttths, of nln• Th• enhanc•s the edUCab"c￿al evr1￿ce of rts ￿1$ by Nsing ￿renesS af Ihe )rkJ arcxmd thern, by fiJndr4ing for Jocd, nat￿￿ intemthnal th81ities with don8tions totalling £5,535 in thtr year frLYn ev&)ts wior lo the k)th¢SM in Mard), ¥rith exception, an 8nnu81 red8￿pUSh frjndraiser by the Nurw thiken. whth théy Carried at htsm¢12019- £5,￿) Inv••tm•nt perfonnan The Sthools butsary fund is 8 desgnated fund hdd in four in¥estment funds managed tytha Chants Offlcyal FuThJ ICOIF). wth a b31snce W on dèposit the sam ganisatKJn. The invethenis we valued at £67.724 at 31 Auwst 2020 and an ovérall retum of 4% in the y08r. Trading in the COIF Charrtjes Prwty fvn¢Y in whith th¢ School had reduceLI its invtstrnent during 2018119. Wds w￿ded from Marth to August 2020 ￿ ha8 rÈccfnrnenced Thè vatue cl the in¥styTr￿ in ths fund at 31 ￿jguSt 2020 was £10,237. FINANCIAL REMEW RESULTS FOR THE YEAR The sdK>￿ made an owatrwaf suivus of £19.1X38 {2019- £115.8(El In the yèar. whith after depreoab.on and unrealised gain ￿ invesThkn, re5uW in a net defi¢)i of £1167,967)12019. £167,56ni. The lost ￿L￿￿e ￿su1br￿j frc¥n fee carrdbj aLvth8 as a result of the (yJron8viru8 pandem￿ is estimated at £1358.eA)01. This was mtyated by daim5 Made under the CJRS Ifurloughl schem8 and stsbJt(ry sic pay sceme totallirg £152,110 and the lontion of £32,237, whith rerfft￿ts part of the under the nursery educati￿ sd￿ne to the dosure of the Nurstsy. Thwe also srrfne cperational p)st sa￿1￿g8, ¢iefy ￿ eatering. esbmatwj at around £50,(￿. whilst other ta)sts in¢xeased, suth as deaning alld Ihe provtyM olpsthia wrAecve &w'went f( aff on rweniNJ. Capital ex￿n￿t￿re dufing Ihe yew was W.180 12019 - £54.7131. largdy invesw in rewnfig¢Jring and resurfau.ng the The1t￿ aT¥J the purchase of new 8nd Upgrnd￿ IT equiwen( induding laptops to ￿P￿rt UH H, ttyJetherwth lJ)e lnstsl18tsc￿ of n￿lI))lIvhts In the garden. was fijnded bya (k)nation fvom UHF l*)rTnedy PTA). Gross donation$ ￿1ved £￿.740[2019. £24,650), of £6.204 tame kn UHF to fvnd the fioodlights and the ba￿nce was th)nated by 17 farniEts were ¢Selighted by the Sthod s respm to Ihe pandemic and rknse to <5onate Ihe tjalan￿ of their fees. ly in some C3￿ a diff¥ent affl¢￿n{ in the &Mmer Trn GraKsMth from Ih8 Royal Borough P¥." 7

Upton House School Limited (Company limiied by Guatatttee) Kcport ofthe ofhknwent of Windgy aThJ M&denhead totrjling £3,919 12019 - £8731, betrg a wrrAus of nur8ery eduLXtirAn frffj¢ng. whith was 4Wed to of the earfy years departrnen( and induthrrfJ 8 8peafic￿ant of£270to 2 disadvantag&J thildw. The cou￿1 of Management to tran￿er £70.W 12019 - £@￿4￿1) fr(m ￿nres￿L￿ed reser%s to a designaw luTrJ to iruea5e the atilty of Ihe Schor4 to bursaries. Taking Into a¢xount the of t￿rSane5 awarded Ihis year, ￿ the in¥str)eni gan. the net bdarte thé dwsywted bursary fund was £97.822 at th¢ ofthe year. Inv•stmgnt powers and pollcy These are govemed by the hlrdes of A8st0a1K￿. TrlKh permit fimds to be ifNest•d in any manner prowided aFprtipriate advio is taken. The Counol of Marogernent keeps under review ths inveslmw# risks and reward& The cdy Investments ￿ri&l￿ held arè those ofthg Re••rves and firMn¢l¥l tr￿1th At the end gf Ihe y•8r, th¥e wtte rn8tr1ued res￿ ￿£n1112019. £ntll. Aft8r the tra￿er of £70.333 to the Jewgned bursary fu￿1, b)e of unr88trK￿ reserves was £3.379.376 (2019- £3.551.3181. The$8 fvn¢Js ar8 invested in the S(hxl's fixed asss w¥J we Iherefore not epandab￿ as tree r•8eThts. Fr¢e ￿serVeS we d•￿d Js ré8eryes th'd) are fr84y av8UabL8 8xduO8 rfctad fvnds, d¢¥vJnat&J fijrth. w)d 8ny fix&J In common with indep•nd¢nt s￿￿. the C￿￿>1 of Manogwnent have invested substantid surns Into the site in yews have a eonbnlthng programm• of refurbishrnent. devdoKMnent, and mvestrnwrt to d8vebp maintan tsxcdlent faulit￿$ lorour pupils. Ajthough the tre8 reswes are at a wa)ve balw. tris illustrates Ihe extent of Invarnent in the s(th￿. arn1 Is a eomrncm by itsjependent sd)ols whith habe to flna￿e thwr own capital I[￿s￿nent pL8n& The Cojnal consQtrs Ih8t, given the v81ue offixed assets owned by Ihe Sd)ts￿. ￿e waiLgbte banking tsolty, and the expecled Increase In thè pupil roll, there 18 no urgen¢ need to bu1￿ up a free reseNe. The C¢yJnol rewises that the vel of reserves flucu81e3 during ￿n¢¥JS of In5trneTrt in th6 and arrangemènts wlth r bank arn in to promde an adequate'S3￿ net. Jfrewed The Resths Pdicy18 1è¥?ts¥ed On an annual b3•ro ¥wth due 1x￿NIer0ti￿ of risk& PLANS FOR FLMJRE PERIODS The key obje(%t for the remains 8$ repfftd 8trx￿ Thè Council of Manageffffjnt tontinue to maintain 8nd uwjate the f&th"es ol the SdKd as fL¥Lrired. Any fijnds surFIu5 to t¥Wional requirwnerrts, and thch required to upjate the Sthoc4's fac41its.es wll té Ire(ed int¢ the bursary fi)d, to aC￿S to the q)p(thnraes offered by Upkn House Sehoc4. aThJlLYuEwJ to red￿ the sca￿￿$ t¥Jrowin9 bJAd up a free reserve. RESPONSIBILITIES OF THE MEIIBERS The Members are also Dire¢tss and TnthBs of Upt¢J) lorthe ￿[￿&￿e$ of company Lawl 8re resFWMSit4e for we￿ring the Repcrt of the C(4Jntil of Management and tho financial temerts in actIwd8￿ ar￿( J¥ and Unrted ￿￿jd(￿n Ats)>Jnts"ng Stand8rds Iunited Kinwm GewdyAr*ed Pra(#h21. Company law requwe5 the Mem￿$ to ryepare st8teme3ts for eath fin8noal year, whth gve a afid fair of the state of aTrdV5 of the dwrilable company and of Ihe

Koming res￿ree8 and ap￿arAtsOn of res￿￿, indydi¢vJ thè wKx)me 8nd e￿ditu￿, oftha

that peri¢yJ. In preparirYJ those fin￿ S￿ thè Members are required to.. ctseNe tsE rne￿ and in the Charitses SORP

rnake aThY e5bmates that are ￿Sona￿￿e and Fxudent PAg¢'. 8

Upton House School Limited {Corttpan) tAmited b%. Guatallte¢) R¢port of the Q)UllCAI ofMaDagemeLt st whether apF4Kabl? UK AccoJnbrwJ St8nd¥d$ have been folrAved. subj.ett to any Maten￿ de￿lureS d￿d￿Se￿ and eWain& in IIE finwal sternerts', and

￿epa￿ the finarval statemwrts on Ihe going Cly￿ern basi5 Lmless rt bs inappropriat¢ to wesjrne th8tthe tharity will ttnb.nue rts a£Mes. reasonablt accuracy at any the Ihe fin8nod PK)siivJn of the cknty and to en8￿e them to ensure that the finanoal st8tements the Ce￿npan￿ Ad 2LK6. Tr Member5 are a150 responwtje f￿ safeguarding the assets of the th8rty and h￿ce lor taknng reason8t4¥ steps lor the weventi¢J7 and dttethon of fraud and otsirregularitse& DISCLOSURE OF INFOR￿TIoN TO AUDITORS In 80 far as the Memtws are wa￿." therg is no relthnt a￿11t InfuMati￿ ofthth th8 th8rity'8 8￿Y￿S am w￿re.. Membws have tak￿ step5 that they ought to have tsken to make themsefvei aware of any relevant audrt inf(rnation aThJ to eststlsh that auth1￿5 ar¢ aware of AUDITORS The apwintment of audrtcn VAII atthe annLd rneetSrrfJ in ao>ydants 4e5 ofthe Companies X( Appro%d by Ihe ol lAan8g￿}¥rt 8t its Ine&i41 cffj 111h Novembw 2020 and ￿gned on rt8 thaJTr. Mrs V Bk•r Rw'8terad offic.' 115 St Lecfiard'8 Road Wind>)r Berkshi SL4 3DF

Uptyx House School L4mited (CompaAy Limit¢d b). Guarantre) Inde￿d￿K Auditrw5' Rwrtto th¢ Members of Uptoll H¢￿]st School L4mityJ InAng mattorn in to the ISA6 ILIK) rtqulre U8 to rewt to you vthern.. the trustees, use of tha wng conwn ts￿￿1 ol in the Weparat￿ of the finatNI statements 18 not 8Fprowate,' or the trust￿8 have not disdosed in Ihe finan0￿ s2terrTrents any K16nbfied matwol unc8rtainties thai rnay C2St gigThficant d¢th abrMA tha ttharilabte o)mpanY$ abilty 10 ojntinue to adopt tha going ccrtem ba¥B of ac¢oJntiThJ a penc#J of at knt month¥ fffm the date when the finanod stai$merrts are 8Uthcrf¥séd for i59Je. other Irrfornwtlon Th8 other infcimatiefi tsynpri8e8 Ihe infthm induded in the annud r8F#NL otherthan th• fin8nial ststementsaThd ¢xJr 8uditorfs repxt th￿n. Trtruees a￿ le$p￿sib￿ futhe (ther infrJm18tson. Our opinion ￿ Ihe finanod statements dces mt tho other tnlma1ac￿ and. &¥cept to the exient oth￿￿"se eX￿ladY stat￿1 In repyL wetjo notexpress any fom 0f￿Ur￿ ct)ndusion thweon. InrAjnne(on￿ owauditofthefinancial ￿eM￿, wres￿1$bIl￿Y i5tore8d theoth¥Tnfomi8ts" and, in so, ￿￿$Myer whe1￿￿ the in1ormall￿ is m¥ialty Ir￿Onsi$tenI Imih the fi￿￿￿81 Stat￿nents or our kn￿￿edge otrts.ned in the authl ￿ iJtheMse appears to be m8terially misstated. If we Itentrfy su¢ material in(￿S1$1enOeS or aFPgrent matersal misstslements. we are wuire¢J to determine vthether the￿ is a matwial misstaternent in the finanual stateM￿ts c* 8 material misstaternen¢ofthe otherInf￿at￿. If, based on have thatthare a matend missla￿ent ofthL8 InfrmaD￿. ￿ we few.￿ to repryt that la

{Cthnpany Limit&1 by Guaranttt) IndqJutdeLt Authtor5' Rg￿ to th¢ m￿berS of up￿1 House Scknl 14mited We rv)thiNJ to r8WMt regd. op1nlo￿ on other matters prtscribed by the CtKnponSe8 2006 In wr O￿nion, based the wuk WK1ert8￿ in the c(xne ofthe aud the inf0rrnal￿)n gwen in Ihe trustées, ￿Tr￿al rewtfcf the financid yw fiTr8ncal ststements are kyepared is the fin8T￿l stath8nts', a￿1 rwrements. Uatt•rn on thlch we ar• requorod to report by excop￿On We have nott)ing to repryt in resF6a ol th¢ m8ttérs fve the Compani¢8 2C(e r•qLMros us to reputto you rf. In our wnb)n' &uate ac£￿ti￿ fBoyth h8bt nc bean kgpL ¢y rebjms 8dyJate lx our audtt h8%&P nct fec%ed frryn tX8nthes not Wsrted byvs". or th6 fina￿￿81 statemeths arè not in agreemert ￿c￿JnI1nj récud8 and retums,. or ¢xtain disdowres ollJustees' remurjeraiK￿ by law a￿ not made.. t have recaved all tho infOrM•tr￿ ¢XF4ankn wé rthwire authl R•8pon81b11tt6e• of tru•tts• As ewained more fulty in the ￿lS¢ee$, rsWxdaThx ￿ ISAS (UK) ex￿riS• wknal jwent main(8ln professional 8￿pticiSrn Ihrwjrt the We aso". Idenlfy ancl assess the ii5ks of matsthal mis4ateM￿I ofths fin8naJ stat￿￿ knwdue to fraud or errw. deswJn and ￿rfOrni audit prl￿dureS re¥thsNe to those risks, and obtain audit emdence that is suffilient and aFprwiate io pro￿de a basis for (xJr winion. The risk of not detethr*J a material Misstat￿nert re￿￿￿[¥￿ from fraud is higherthan for one ￿￿1b'n9 from errlx. as fraud ffiay in¥rt)hre tsgwy. lntenticfi￿ cfflkss1￿. misrepfy58rtsboro. or the 10

Uoon How SctM)ol Iimit&l (Compny limittsl by Guarantce) llldWd¢ntAudit￿5. Re￿rt to the Mcmbers of Hkn Smrth LLP, Sl8bJWA￿Jrtty 23 08c8mber 2020 De￿ShIr8 Hcwe Goswell Road Lond EC1M 7AD

Upton House School Limited STATEIIENT OF FIIIAIICIAL ACTMTIES IInc￿lItt9 the incom•anl •xpqnd*ur• forth& arended 31 U512020 TIAII To

)19 IIZO.011 Z15313 20,071 2,421W4 173m8 47 711 713 I￿20 320XJJ7 eXPEN￿LI1E0￿.. 12A01 Tow1•X￿ 19￿1•) 171M1) 13 N•tIn¢0￿•xpV•jr•b 11•7J V17•n 7h57) {147.WJ 107.fy571

712 022

1•.20

Upton House School Limited B￿CE SHEET 483131 20 2019 12 13 OT.724 4DI4?41 4.131,26S 14 Is .•41 11547g 21*135 (554.?371 JI0.IXM ¥,12•,JOO V52.i¢n Jm4.281 17 FUNDS 4.I•SA21 JMI.31

Upton House School Limited CASHFLOWSTATEMENT ftytr* arended 31 A L￿t 20 CASH Fl￿5¥11EW£m[ 201• 172 s￿17 7.10Ob 1S1.7131 (972) ?J 310 043251 116.47• 14

Upton House School Limited ACCOUNIING POLI¢IES forthe arended 31 1 ACCOuN￿￿CEs 1.1 BA8L8OF PREPW14710N 1.1 GONG Cty4CERN (éÉ167.907 (201tr.t87.¢57)W4DthJ n•1 Miid£3,477.198(2019. È3.W.%&g1 *th• IA RECEWA8LEAI4) IA EXPÈNDMJRE

Upton House School Limited ACCOUNI]NG POLlaES for tho re￿J￿￿ 31 A 1.9 FLNOACC¢KWllNCI 1.14 FI￿DASSET8fv￿CtPHEcIAT￿￿ .15(•l¢Mt .1S¥ L¥l<¥Jlt Vthksm £11.814AI•I3019. EIt.187.44JI 1.11 STCtKS I.t2 PETrWC4S 1.14 ￿EsI￿E￿IT$ •trun￿￿u￿FR8 see￿ ia. 1.17 TAYATK

Upton House School Limited ACCOUNTING POLlaES forthe arend8d 31 t 2020 I.1$ EF4PLOYEEBENEFrrs

Upton House School Limited NOTES TO THE FINANCIAL STATEMENTS lorihe arended 31 Its12020 3 FEE WCOIIE Jirtr 2J07,3•2 (F7.SM 1521.410 {$4.322) 144.8211 2019 .•yJ •A•J 21,112 F••ikn 12.1ts) 201• 11W41 I INVESnlEwftt4¢0ME 2Ql9 ￿2 7fJ 30.74 35A50 an 18

. Upton House School Limited P40TES TO THE FINANQAL STATEMENTS for rendod 31 t 2￿￿0 8 EK￿m￿rilRE lfirA•g) 2M7.6S 113.•SJ 336.tQ3 OOBA22 It.￿2 18)MJ W.4$1 12.532 TIM IJyJN74 Z•J,910 2￿11• 1M21.392 32Q.111 327, IA146 12AOI 12.401 Tow E¥p•D4•d 187 Iri -AudhFqqs 10 1.12 1•,102 IIA07 .079 2•.162 lJJ19 4.414 4107 353 3,773 15,240 9,147 11J79) 94A24 14751 Paddetts MA31 4J,107 lJ76 4,021 7.135 5A21 47

Upton House School Limited NOTES TO THE FINANCIAL STATEME14TS forthe Jed 31 • STFF ¢OSIS 201• 1.483.4•4 129.787 180WI 452.151 aol• 61 2019 £￿.rI)j-l70,{tsj £70.fKII.EW,C £oomJi.£w.rts] ÈlL¥j.￿1-£1I0.{#) £120.rth£12•.9*

Upton House School Limited NOTES TO THE FIIIA14¢1AL STATEIIEKFS forthe rend8d 31 12020 10 PENSIONS MtsJMns WJ Trs cl £114.412 (201ty. £IX.W lthd IE 11¢ £24.11fy W$. Enli of 2020. Ch1 8•u4t•y WJ bl& TTr￿jry. ￿18 W￿￿1r¥ J•ivw 201(t 2020 2019 0￿17 7,651 lJJl9 21

Upton House School Limited NOTES TO THE FINANCIAL STATEMEP4TS forhe Arended 31 A ust2020 T(rtii 175 49.118 (2.9WI 67.1lQ It I S•N•thr>Jl• 731. 71 f7 1MI97 31W20 qi3lW2 42t4 41 I Gwbw2Qlg 1> INWESTIIENT8 2011 VJ4len tt1 Swthi201• Ad￿L￿n 70,28$ 972 IION12) 4A04 14 19 19 f￿1[￿dI 105,407 117.4641 2 feNQ3

Upton House School Limited NOTES TO THE FINAIICIAL STATEIIENT¥ arervJ&i 31 16 CRENfoRS 19 53.2to JBWJ 33,873 JSJ.272 35,2ti 14 a25.4J7 T1￿17 2019 432,131 {432.fJ81 .437 lJ44Jl i• 11Z,2&) 2019 .210 J•,M7 146.Y20 2019

Upton House School Limited NOTES TQ THE FINAJI¢1￿ STATEIIENTS ar t￿jed 31 Au 2020 18 FJrw4c￿ I￿TRuMENTS 67.734 fl STATE¥ENTOFFUNr4 1019 2.W21.1 Pml.744} iTrJwJi •7 3J19 (Ulffj 1140,1 •tJl Fw¥Jb 2DIg 2.777.iXYJ 144.8211 4ADI 73) 4712M2 2.7Th*J 12A9) 3.645.1•5

Upton House School Limited NOTES YO THE FIIIAKUAL STATEIIENTS arendeo 31 2010 1947,0 3.94?￿21 67.724 21ri.i¥ )4.$79) 1151IOD 163,1071 4ty474 2014 16J49 224133 1531.8371 STJ JI COIAIAifkiEwfs UNOERC•ERATr•3LVAE¥ 201• 14774 28S 22 RELATeDpmEs

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