Charity regTrstration numbef J09096
Company reglstratron number 00677794 {England and Wal•$l
UPTON HOUSE SCHOOL LIMITED
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

UPTON HOUSE SCHOOL LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Members Of The Board
Mrs V Barker
Mrs J Gratton
MrKDHill
Mrs F R Lloyd
Miss S E Mason
M$ T Nairloo
IAr R D L Srnylh
Mi R Thompson
Dr P M Wa￿iCker
Mrs K L Wooldridge
Ijwpointed 10 Nov8mber 20221
(Appointed 10 November 20221
Headmistress
Mrs R Thornton
Chair
Mrs V Bather
Finance & General Purpo$e$ Chair
Miss S E Mason
Charity numbor
30909S
Cofflpany nUm￿r
OC677794
Registered offi¢e
115 Sl Leonards Road
Winrl$or
Berkshi
SL4 3DF
Audltor
Azets Audit Servi￿$
A$h¢ombe Court
Woolsack Woy
Godalming
Surrey
GL17 1LQ
8ankor8
Hande18banken plc
Independent House
William Streèt
Windsor
SL4 1BA
Solicltor8
Farrer & Co
66 Lincoln's Inn Fi81ds
London
WC2A 3LH

UPTON HOUSE SCHOOL LIMITED
CONTENTS
Page
Members, rewrt
Independent 8udito¢$ report
12-14
Statement of finanual a¢thiilies
15
Balan￿ sheet
16
Ststemenl of cash flows
17
Notes to the finanaal statements
18-32

UPTON HOUSE SCHOOL LIMITED
MEMBERS, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
The Members of the Board. who are also Directors for the purposes of the Companies Act, present their annual
report and financial statements for the year ended 31 August 2023
The financial statements have been pr$pared in accordan￿ with the accounting policie5 Set out in note I lo the
financial slalemenls and comply with the charity's Arti¢les ofAssoci81ion, Ihe Companles A¢1 2006 and Accounting
and Reporting by Challlies.. Slalemenl ol Reeommended Practice applicable to charit￿$ p￿parIng their accounts In
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Iieland IFRS 1021.
OBJECTIVES, PUBLIC BENEFIT AIMS AND PRINCIPAL ACTIVITIES
The object of the charity, in accordance with ils Aiticks of A550cialion. is lo promote. advance and carry out the
education of ¢hildren. In the furtheran￿ of this objective. the Directors. as the charity Members, have complied wth
the duty in s.17151 ol the Charities Act 2011 lo have due regard to the Charily Comrnission's published general and
relevant sub-sector guidanc8 concerning the operation of the public benefit requirement under thatAct.
Strategic arm and intended effect
The slralegic alm of Upton House S¢hool, forth8 public bBnefit as a charitable independent School. 1$ to provide the
best education possible for each child. through a lively, challenging, and broad-based Curriculum and sound
teaching methods, provided in a creative and stimulating environment. The $¢hool aims to develop its pupils as
courteous. considerate. and well-mannered chtldren through its ethos, values and cb5e wothing relalion8hF with
P8rents and the loc21 ccmnmunity.
Objectiv88 for thè year
Sptcific objectives for the year, predominandy achieved, were..
To main18in high-qualily staff through i)b $2tBfaclion and recruitment of $tron9 candKlales lo replace
natural staff lumover
To continue to operate 48-week nursery and holiday ¢lub8 to support the needs of our busy. wothng
families
To bulld on the suctsss el our Open Morning5 and re¢rultment strategy., keeping the admissKtins pipelirvè
robust and the sehDoI full
To benefit the wider community.. offerin9 broadcasting facilities and advi*ryJ other schools on their planned
broadcasting ambitSons
To re¢ruit new Governors
To consolidate the financial Stability anrl resilience of the School
To prèpare for the héadwinds a thange in govemrnent may brfng
To fully ernbed digital operations into the school fabrfc
To continue to focus and invest in cyber $e¢urity measures
To Upda￿ th8 c￿mIttee$, tams ol reference
Prlncipal activlty
The prin￿paI activity continues to be the piovision of a day school for both boys girls aged 2-11. At the end of
the year IheR were 106 boy5 and 204 girls enrolled at the School. This compares to 100 boys and 204 glrls in 20211
22.
Bursaries and Community outreach
Th8 school supported 1312022 81 childron with bursaries in the year at a lotsl Cost of £77,42612022 £64,05S1.
with need assessed by the Bursary Committeè on a maans tested basis. The school transferred £74,61612022
£72,44311o the bursary fvnd lo mept this comrnitment. with the balance remaining in the fund for luture years. Th8
awards induded 412022- 11100% award5 for 1 temi each. The remaining awards We￿ for betseen 40% and 80%.
The school enhances the educational exppryence of its pupils by raising awarene￿ of the wodd around Ihem.. by
fundraising for local, national. and inlemats.onal charities with donations totalling £6,23712022- £9,3081 in the year.

UPTON HOUSE SCHOOL LIMITED
MEMBERS, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Community b8nefit and charitable giving
At Harvest we Collected food for the Slough F￿dbank and raised money lor the church. Vve colk¢kd 87 East8r
Eggs for the Windsor Food Shar& and ra(sed £197 for the 5arne charity via the Beetle Drive last tem. In Summer
Ihe Pedal Push and Pre-Nursery and Nursery Coronation Tea Parties rais8d £3.059 an(1 £41 r8sp8clively for
Atexander Devine Chlldren's Hospice. Members of tho SLT hosted a meeting with local iesidents. a local Councillor
and PCSO 8ullo¢k to discuss speeding on resldential roads local to the school. Uplon's Eco Team grew and sold
flowers lo parents with monies raised donated to ¢harity. Form 6 chIld￿n made bracele15 and earrings which they
sold at the Summer Fair and donated the fvnds to charity. ch￿I￿re￿ voted for an endangered animal and thought of
ways to r81se rncney to support the selected species. We worked in conjunction with local residents on local
planning proposals, inviting residents into Upton Iof meetings with lea and cake. Upton chI￿re￿ and the school
SUPPDrted the Windsor community on the sad passiThJ of Queen Elizabeth 11. We gifted our ergo rowing machines to
Windsor Boy5, School who were extreme￿ gratefvl. In retum WJBS rowing 18am staff kind￿ offered rowing 5es$ions
in the future lor ouryear 8 children. Some member5 of Upton staff are Govemors at local stat8 schools.
Community rnarketing
Uplon 15 part vf the Windsor S¢hools Flower Show which is a largè event in the local community and Uplon
encouraged chI￿ren lo enter Ih8ir floral ¢realions. We supported Savills E31ale Agent5 with a sunflower growlng
competition. Pietss of child￿n.$ ath40rk hav8 been displayed in the Craft Coop in Wndsor. The Head of Music
Technology wrote a song for the KiTrJ'5 Coronation which was sung by Wfindsor schools. We have 8 strong
presenGe in Windsor and $upport local community events and facilities. for example, Forffl 3 wsits Windsor Library.
Our Prep children host a Careers Falr every year. inviting a variety of parent5 who rÈpresent a selection ol exaling
profe5sion5. Upton established the inaugur81 010 Debating Cornpetilion and hosted 17 schools. This event wa5
live-streamed tg the D10 school community lor thÈirenjoymenl.
REVIEW OF ACHIEVEMENTS AND PERFORMANce FOR THE YEAR
Operatlonal Perforrnanco
Uplon has d8veloped an approach to Open Mornings. delNering 3 virbJal events per year. The live events include
minimum of six live presenters with imrnersive and constantly changing and angaging content." Live singing, live
5POrts Outdoo￿ on the netball court and the all-year-round field. In addition. the event provides examples of school
play8. m¥sic technology teaching and othef aspects almost impossible to recreate during an onsite visil for all to
see. The approach enables prospective par8n15 te visit the school virtually before deciding to visit in person,
redu￿ng the impact of travel in temis of time and the environment. It also provides the ability for prospective parents
to experience the school beyond the three Open Morning events that we provide. The evenl$ provide enough
infomiation for the parents to decide whetsr to mov8 to thè next stage of the process with an in-person tour.
W811b8in
Upton House has an extrem81y strong, nurturin9 ethos, focusing on the wellb8ing of the whole school ccrnmunity.
Our Mindfulness Therapist has led parent wolkshops fcr Pre-Nu￿ry and Nurs*ry Pa￿nts on separation anxiety
and sleep. and a workshop for Fomi 6 p8r8nts to 5UPPOrt exam anxoty, whlch In turn b8n8fits the whole family. Year
6 followed a 12-W8ek mindfulness programme to 5UPPOrt them through their senior school assessments. giving
them Slrategles for sleep. emotional regulatiun. and tips for reducing anxiety. All cla558$ have a Week￿ wellbeing
185son whirh give$ every the too15 Ihey need to support thelr emotional wellbeing at the appropriate level.
Rtgular INSET $ession$ Cover a wide variety of tOPiCS such as trauma, rnental health and menopause.

UPTON HOUSE SCHOOL LIMITED
MEMBERS, REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUEDI
FOR THE YEAR ENDED 31 AUGusf 2023
U lon Mind
Upton Minds is made up ef the Nead IMHFAI, our Mindfulness Therapist, two level 3 teachers IMHFAI, Head of
Learnin9 Support plus three 18aching staff who have done Place2Be training. The aim of the group is to 8UPPOrt the
mental health ol the school community, chi￿re￿. staff and parents. Through our INSET prcgrarTTrme, bmo membeis of
th8 team led a staff talk on trauma and expl¢fing adverse ¢hildhood exper*nces. Quèstions were circulated to each
department to reflect and identify how trauma is dealt with through the curriculum aThJ everyday school life.
Neurodiversity Week was ts￿brated Ihroughovl the school with assemblies and kssons focusing on how brains
and ernotions work differently for diffeienl people. Nab"onal Tnenlal health day5 were ￿lebrated throughout the year
including # H8lloY8llow day which ra￿ed funds for Young Minds.
TheArts and S ort
Mu$iG plays an important part of everyday life at Upton.The school ha8 four Choi￿ ihat regularly perform. Children
Irorn Year 1 to Y8ar 6. the Staff Choir have performed al numerou5 even15 including Harve51, Prep Carol and
East8r services. Our boys and girl$ Sn the P￿p Dep8rknenl affj keen lo join the ¢hoirs, orchestra and lake up
individual instrumpnts. 80% of our children have one-lo-one music lessons wlh experienced peripatetK Tnu51C
teachers and perform in musical assemblies and the popular evening soirée5. The House Music Competition led by
the Forffl 6 children was a highlight of the year. with an extremely high stsndard of performanr*s. The House Song
led by the Form 6 He8d of House is an exciting performance bringing all the Prep children together. The Form 1
Grandparents, Tea Party was a wonderful o¢¢asion where grandparents join their grandchildren for a magical
porformance and aftemoon t$a. All children from Forn) 1 upwards partake in LAMDA- we have a 100% pass rate
and 88% distinction. The academic year culminates with our whole school rnu5ical, drama and diqital extravaganza.
Annually our children are awarded a high number ol scholarships from oulstsndin9 Sonior schools including arL
drama. music and sport. Our sporting achi8v&ment8 go frorn strength to strength with great success al NPS
swimming. netball. judo and chess. No pool, no probleml Our swim squad trains at Eton and St Geofge's Ascot and
finished in the lop ten nationally.
Connecting Upton F8milies
Uplon broadcasts event5 to the wider Uplon farnily ccffjmunity which indude all dass assemblies. Carol ServKe,
Harv8St Festival, Grandpa￿nts. Tea Party. House Gym Competition. Musical Soirées. Santa's Groito. Summer
Pr¢)duction, Priz8 Giving. Leavers. 8vents. and four Sports Days from Nursery to Form 6. Upton House families
have connected from 63 countries and the School has delivered over 400 live-streams. The Surnrner Production Df
Mary Popptns was watched in 29 cou￿1￿￿5 and by 1,700 Uplon House farnily rn8mb8r5. Feedback froFn Upton
families in 2022123 includes..
The vKleo has gone all around the globo and hor grandparents have very much enjayed seoing her I￿ the
video
Lwing so far away in Australia il is wonderful to see IGranddaughterl I've in a school assembly or sport5
carnival etc. Thank you for the shoul-oul lo us ' Granny and Grumps" trom the das5. Please continu? to
stream these events we love Ihem as it brings us c105er to our famil￿5 lifg in the UK.
A wonderful facility which provides extended land distantl familles an insight into school activities which
grea￿Y valued- many Ihanksl
Truly wonderful musical night 188t nightl John w88 able lo watch IDaughterl from the train and [2nd
Dèughlerl was singing along with everyone at home. It'5 50 impressive that Uplon offers thi5 and il¥ very
much appreoa18d. So enjoyable and exciling to see it live and then to b8 ats￿ lo re-watch.
l am so grateful lo Uplon for providing this St￿amIng to us that do not live"acros$ the pond.. l am In Lake
T8hoe, NV and IGranddaughterl and IGrandsonl ao my amazing granElchildrenl .1 have been ludÉy io
r8coive a shout-out in the past...Ihat jU8l made my daylwe&klll It is $0 wonderful that Upton indudes those
of us not local. you have helped u5 all be a part of our "babies growing upl THANK YOU Upton lor
making our live5 a bit better for including us all!

UPTON HOUSE SCHOOL LIMITED
MEMBERS. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
eration5
UptDn has Created aniy delivered an approach to online p8renls' evenings. avoiding pitfalls of in-halllonsite paTrnts'
evenings and difficulties with online p8renls' evening sy51ern5. When surveyed, th& final year of parents %vho had
experienced on8ile and virtual events over4helmingly voted by more than 860A that they wanted lo continue with the
Upton virtual approach. Thi5 service reduces the impact of travel, requirernents for ¢hild¢are. difficulties of
navigatin9 meeiings and reduces St￿$$ compared lo other approaches. Staff also appr&ciate the well-Stru¢tured
and Controlled events the flexibility lo extend their bme wrth parents zvoiding th8 'rnid-5entence' cut-olf. which
15 very common with other online parent5. evening approache8.
The school has fully moved to the cloud. ffjsulling in full adoption of cloud software. crealing efficiencies for 5ts
and pupS1s and capital cost sawngs from the removal of all Servers. In addition. the school is able lo a¢c*ss
advanced services and softrrfare that woukl have been financAalty out of reach with on-S¢te system$ for the school.
adc
Uplon has designed and implernentsd a bfoad¢asting curriculum that cornplirnents ¢r055-¢urricular learning,
ènhanang other su*'eet areas such as drama and English in Sddition lo life skills such as script writing, graphi
and presentation Skills. The children are activety involved live-streaming events themselve5 controlliw cameras,
audio and performing vision mixing. Th8 thildren devolop advanced and exlenspie green screen skills. In addition.
the children use Al 10 create digital bac*drops and produce (Jigilal footage. The children prcéuced the digital
backdrops for the Summer Produ¢tson enabling the performance lo have 30 backdrop change5.
Uplon House School broadeasiing prowess continue$ lo attracl inleresi Irgm contemporarws in sector-leading
Senior S¢hoo18 who seek lo emulate our ground-breaking su¢ce$$.
Our hugely over-subscribed broadcastSng club undertook live control ol our Harvest Fe$tlval from the HO￿ Trinity
Garriscn Church, live-streamed to a 1.000 in 19 countrvés (including Bulgaria. Finland and Japanl. They also vlsited
Pinewood Studios and partiapaled in workshops from Disney. Sony and the Brit15h Filrn Designers. Guild.
ic•nc
Following Brexit. increasing numbers of school pupils require a visa to study in the UTrQ Upton House School was
delighted to be granted a licence pe￿1￿1￿9 pupils affected to slu* with us.

UPTON HOUSE SCHOOL LIMITED
MEMBERS. REPORT {INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
ann
our
ils for the next sla
e in their
ourne
In the summer of 2023, 29 gld5 left the school to move on to sen￿r schools.. 14 scholatships were awarded. and 63
offers were made.
Destination of 2022 leaveis
Destination of 2023 leavers
2L12)
Icfm6f
JJ
•••••• :.-
41
FINANCIAL REVIEW AND RESULTS FOR THE YEAR
The school tnade an operational sU￿lUS ot £249.668 12022 £252,261) in the year, whlch after acco¢Jnlng for
depreciation 8nd unrealised loss on investments, resulted in a net surplus of £66.69112022- £67,151).
Capital expenditure during the year was £114.802 12022 £179,747). which included the cOmplet￿n of the new
changing room. replacement and ienewal of equiprnenl in tho classrooms and the kitchen and the initial phase ol a
projèct to rèplace Ilghting in the hall for diama productions.
Investsnont powers, policy and performance
These are governed by the Articles of Associab"on, whith p8rmil funds to be invested In any manner prowded
appropriate advi￿ is taken. The Council of Man8gem8nl keep5 under rewew Ihe investsnent ri8k8 and rewards.
The only investments cUrren￿Y held are those of the designated bursary fund.
The school's bursary fund is a designated fvjnd and is held in four investment funds managed by the Charitiès
Offi¢lal Investment Fund ICOIFI. wlth a balanc8 held on deposit with the sarne organi$ation. The investments Were
valued al £70.734 as at 31 August 2023 and yielded an overall return of 1 % in the year. The valu? of the
investment in the COIF Charities Property fund at 31 August 2023 was £11.874.
Res•rv•s and ffnancral health
At the end of the year. the￿ We￿ restricted reserves of £15 12022 £nill. After the transfer of £74,616 to the
designated bursary fund, the balance of unrestricied reserves was £3,384.20412022- £3,295,231).
These fund5 are inv8Sted in the school's fixed assets and a￿ therefore not expendable as free fesetves. Free
reserves are dèfinèd as rèserves which are f￿elY available and exclude restricted fur￿$. designated lund$. and any
fixed assets.

UPTON HOUSE SCHOOL LIMITED
MEMBERS. REPORT {INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
In common with other independent schools, the Counul of Management have invested substantial sums into the
school site in recent years and have a tonts'nuing progr8mrne of refurbishment. development. and inve$lmenl to
develop and maintain exrkllenl facAlits"es for our pupils. The Re58rv85 PoI￿Y 15 re￿eWed on an annual basis with due
consideration of ri8k$.
EQLIALITY, DIVERSITY AND INCLUSION
At Uplon House S¢hi>DI we are c(mmilted lo providing equal opportunity for all pupils and slaff. and to providing
working environment which is free froffl discrimination, prgjuoice and harassment. W8 encourage respect and
consideration for other5 and recogni5e and value the school as a safe place for lesrning. The Staff al Upton
recognise that inequalitE5 exist in all levels of society and beI￿ve that, as educators, we have a ¢ru¢ial role lo play
in eliminating ra¢ism, Se￿$M and all forms of discrimination. We can promote equality by dealing with bullying.
r8cial abuse and sexism immediately and by educating tt)e young people in our care wilhoul prejudice.
PLANS FOR FUTURE PERIODS
Consolidate the financial Stability and resilience of the school
Prepare for the headwinds a change in government may brin9
Further enhan￿ our broadcasting prowess and reputstion for &xceSlanc8
Fully embed digital operations into the school fabric
Continue to focus and invest in cyber s¢¢urty measu￿$
Focus resources on achieving effi¢Jen¢y gains and best value from all 5upplvèrs and se￿Ce provlders
Update the ¢ommittees' tems of referen
The CounrAI of Management will continue lo maintain and update Ihe la¢ilitSes of the school as req￿r8d. Any funds
surplus to operational requirements. and which are not ￿quIred to update the school's faciliti85, be used to
WKlen access to the opportuTrili05 offered by Upton House School, andlor us8d to reduce the 5¢hEK)I's borrowng
and build up free reserves.
The main cbjeclive of th8 Council of Managemont continues to be tha provBion ef the best education possible for all
pupils. allobwng them ￿ recefve Indlvldual &tteftt￿n and ¢onsideralion, thu5 enabllng them lo develop at their own
pace The strategy lor doin9 Ihis is to maintain high levels of teaching and pastoral care Standards and to provide
the b•5t facilit185 P05sibl8.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Reference and admInI8tra￿v8 infomiation
Upton House School Lirni18d is a charitab18 company foundod In 1938 and incorporat8d as a company firnil8d by
guarantee in December 1960.
Refvrence and adminislralN8 details ar8 Shown in Ihe L8gal and AdminSstralve Information pag8.
Qov•rning documont
The Company Ss governed by Ils Articjes olA6s0¢iatson dated 23rd March 2011 {as amendod 10th July 20131.

UPTON HOUSE SCHOOL LIMITED
MEMBERS, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
The Member$
Tha Members who served the charity as Trust8es during the poriod were a$ follows..
rs V Barker ID,E,F,SI
Mrs J Gratton IF,SI
Mr K D Hill IB.H.NI
Mrs F R Lloyd ID.H.NI
Miss S E Mason 18,F,Sl
Ms T Naidoo ID.EI
Mr R D L Smylh IB,D.NI
Mr R Thompson IF.NI
Dr P M Wlarwicker18.D.Hl
Mr5 K L Wooldrhjge ID,EI
Letters after the names Indicate their servitt on our committees denoted as follows
B- 8ursary, D- Development, E - Education and Pa51oral, F - Finantè and General Purposes, H - Health and
Safety. N- NominatlOn5. S- Salarie5
Governing body
The Council of Management regularly ￿vIewS a skills audit of extsting Councl members. The Chair. assisted by the
Headrnistress and the Nominations Committee an¢t other Council members as appropriate, seek5 10 identify
P05sitile new Council memkr5 to meet any gap5 Identified. Members are elected as members of the Coun¢il al
full meeting of the Council of Management. Members, who ar8 also required lo servÈ as Directors of the company
under the ￿ticleS of Association. senfe for a lefm of four years and are eligible to $tand for re-ekction for two further
lerrns. or, rn exceptional circumstances only. three additional temis.
Indemnty insurance
Ind•mnity insuranc8 has been taken out in respect ol the membeis.
Member trainlng
UP0￿ election to the Courril of M8nagemenl. new members are given acces5 to the Governors, Handbook
containing informati¢n relating to the school and its management, which is updated as ￿QuI￿d. New memb8rs are
also invited to Spend time with the Chairs ol the Council and the Finance and General Purposes Committee, with
tho Headmistress and with the Bursar for indu¢lion trainin9, prior lo aitending their first full Council meeting. On-
going training for rnembers is In the form ol updates al Council Meeting5 and to the Govemors, Handbook. together
with the offer to attend $pe¢ific training courses and conferences lor governots wn by the In¢orporal8d Association
of Preparatory Schools, the Independent SchLK15' Bursars. Associat￿n. the Indèpendent Schoo15 CounGiI. the
AssoUat￿0n of Governing Bodie5 of Independent Schools. and similar relevant bodies in tha year. Three member5
r8¢eived training from Cr￿ or rnore of these oryani$ab'ons in Ihe year.
Organisational management
The Council ol Management rn8ets at least three b'me$ a year to d8t8rmine the general policy of the company and
ieview ib overall management and Control. The financial managem8nt of the Company 1$ over$een by the Finance
and General Purposes Committee. which meets th￿e time5 a year. pDor to ftjll Coun￿1 mèetings and reports ils
findin9S to the Council. The school's fijture developFnent plan is drafted by the Headrnistress and staff and reviewed
annually by the D&velopment Commirtee. which meets in January or February and rEports back to the Counal
meeting later that temi. There is also an Educalj'on 8nd Pastoral Committee and a Health and Safety Committea.
which both meet termly. a Salailes Committee that meets annually and a Bursary Committee and a Nominations
Gornrnittee, which rneet as required. The Committ8es' Terms of Reference are bging updat8d.
The ijay-to-day running ol Ihe school is dekgated lo the Headmistress, supported by the finance and administrative
teams and ether mernbers of the Senior Leadefship Team ISLTI. Tog8th8r th8 six members of the SLT are the k8y
rnanagemenl personnel.

UPTON HOUSE SCHOOL LIMITED
MEMBERS. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
Remuneration, including that of key managem8nt personnel, 15 set by thè Council of Management, krya the Finan
alld General PU￿oSe5 Committee and the Salarie5 Comrnittee, with the poI￿Y objects.ve of ensuring appropriate
in¢entNes to enGourag8 excellent pErforman¢e and in a lair 2nd responsible manner rewarding individual
contribufyons to the company's success. The appropriateness and relevance of the remuneration policy is ieviewed
annually including refer$nce to comparisons with other independent schools to ensure that Upton House School
remains Sensitive lo the broader issues of pay and ernpbyrnent Condit￿￿$ elsewhere. The school aims lo recruil
subject to experience, 8t the lower to medium point within the scale. providing scope to ￿ r8warded for &xc8llencE.
Delivery ofthe S¢hool'$ charitable vision and purpose 1$ primarily d8p&ndÈnt upon key manag￿￿ent personnel.
StN¢turè and relationships
Upton House School 15 an a¢live member of the 1￿lependentAsyOciaI1an of Prep Schools IIAPSI for the promotion
and Maintenan￿ of preparatory school standards generally, and also sub5crib8s lo a numbgr of other bodies
relating to education and indep8nd8nl schools. The school co-operates with other local and national organi5alion5
and charitie5 in its efforts to widen publi¢ a¢¢es$ to the edueAlion il &8n provNle and oplimise the use of its cultural
and sporting faalities and to awaken in its pupils an awareness of the wider social context ol Ihe educatr'on they
receive here.
Principal risks and uncortaIn￿¢S
The Council of Managernent, the Finance and General Purposes Cornmittee. reMew3 the 8¢hool's current arKI
planned fuluTr activities in I￿￿t of any tnajor risks arising from time to time. and the effecb'venes5 of systerns and
procedures designed lo managÉ them Our risk fegtslar is regularly updated and considered throughout the year by
our ccrnmittees.
The Council reg8rd$ the major risk to the schoc4 is falling number5 of pupils on roll.
The Council notes there has been signfficant improvement ITr pupil numbers frun 198 pupils on roll in 2Q18119 to
310 pupils at the end of the year. The exp8clatron is *hat from 2023124 onwards the $¢hool will remain at Gqpacity.
This pupil nurnb8r incr8as8 is as a direct result ol the Council's $lrategic review of operations,. primarily the
extending of our Nursery operab.ons to 48 weeks a year, along with the main school operations lo become a fully ¢o-
education21 school for boys and girls 89ed 2 10 11 Al the time of writing the school expects to be full in the Spring
T•mi 2024.
The annual ¢o$l and income budget is set on 8 conservative basis to ensurt that the school would be atile to
continue to operate during any temporary r8duction in pupil number5 or super-inflalionary expenditure. In the event
that sueh a lall Sn numbers looked Ikèly to bè sustalned. the Councll would look first to wsl re4u¢tson.
ffin
The Council also considers that failure to recruit or retain the COr￿¢t calibre of stsff is 8 potential risk lo the success
of the schcol. This is Managed through a comprehensiv¢ recruitment pofi¢y and adherence to the guidelines on
safer recruitment. ca￿didateS fvr all roles a￿ put through a rigorous ass8ssmenl and intèrviewèd by thè Head and
at least one member of the SLT. New staff rnernbers a￿ mèntored by a mernber of the SLT and, Should there be
any concerns, these a￿ addressed prompfjy. The school maintains a register of reliable, high quality supply staff to
Call upon should tt)e need arise. The Coun￿1 oversees succession planning for the senior operational roles in th8
school and a panel of Council members interviews for the most senior positions.
ula
More likely than when Ihls was first Conside￿ Ihe introduction of VAT on luitK)n fees and the loss of charitable
relief on business rates. We have modelled the impact of these possible change5 in legislation and considered our
likely response.

UPTON HOUSE SCHOOL LIMITED
MEMBERS, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
Having b88n independently inspected in 2021122 and meeting all of our regulalw and compliance obligations, we
believe that the risk of regulatory failu￿ is low However, thi5 15 carefully managed by taking advantage of all the
inforrnalion available to the 5eclDr the form of updates from the various professional bodies of which the scheol
has mambership., by en$udng that staff keep up lo dale with the lalesl developmen15 in educational thinking and
practice through attending coul885, reading. and ne￿Or￿ng,. and by employing professional advisers whe
appropriate.
tational
The Council of Management is very ¢onscious of ensuring that the school's excellent reputation is Tnainlained at all
tines Any reputstional risk ￿ managed through up lo date. appropriate policies and through training to ensure staff
behaviour both inside and outside school. parliculady in areas such as so￿al netrworking. 1$ of the high&sl standard.
The school ¢omrllunicates COMp￿hen$￿veIY with parents a￿j ha5 an open-door policy lo ensure that a￿Y concern8
that may arise a￿ dealt with promptly
The Coun¢U of Management re¢o9nises that the risk to the sd)ool's reputation of a breach of saftguarding
regulations would be very damaging and ensures that safeguarding matt£r5 are given the hi9hest priority. The
Deputy Head is an eXperIen￿d Designated Safeguarding Lead. and hvo further members of the SLT afe atso
Iralned de$i9nated safe9uarding people. The Council ha5 appoinled a M£m￿r to act as the (Je$49naled
safeguarding liaison on its behalf. who rneels the safeguarding team 8t least onc8 a leirn. All the above attend
regular training lo ensure that the school has the latest guidance on all safeguarding matters and the school's
safeguardlng policy is subject lo regular review end update., including review at least onc8 a year by the lull Council
of Management. All staff rec*ve s8f8guarding training on joining the school and reces￿ an annual update.
FSn
The Council view5 the 5chool'5 financial p0S￿on as stable al￿ that pupil number5 remain strO￿g ￿1th interest In
school from prospective p#rent5 remaining high. The Council 15 of the opinion that the school 15 rnakiru 51nng cash
surpluses lo seNits our small loan commitment. taken out as a cushion against unfDreseen Covid-related shocks,
to invest in our facilities and estate. to continue lo support our bursary programm& and to bts1￿ a reserve for fvwr?
pupils Investment opportunlties for cash surplus to requirements are being investigated.
Upton House school Financial Outturn
s,￿o.(X)0
100,ODO
4.500.CQO
So,￿)
3.500,I¥JO
3.GOO.(
ISOO,IMM)
150,CrfXII
2.000.(0)
1,500.(KO
iioo.0001
i.c￿.￿0
1150,0001
5CO.(
1200.0001
2016119
20191?0
2020121
2021122
2022123
In¢ome
E.Ypend11ure
AIIIIISt¥fl eosts
8orrowing$ remain low, th8 school receNed a low interest governrnent guarantoèd recovery bounce back loan
lotalling £80,000 re￿Ived in 2021. with a 6-yeai repayment tsmi which started in May 2022.

UPTON HOUSE SCHOOL LIMITED
MEMBERS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
All data and applKations al Upton Hrxjse have b88n rnigraled to the doud lo enable increased security of our
network and the school is Insured against a cyber attack.
Backups are running in the doud and no longer onsite which cr8ale a fflo￿ re$ll￿nt environrnent and means
turn to operation alter an onsite catsstrophe will be much quicker.
We believe the weakest point remains the end user and we continue lo undertake regular training of all ernployees.
Specrfically. end users are made aware of to remain 8￿rt lo phishing emails and whal lo do rf they have any
concem$'. no matter how slight. We translate our safeguarding mantra th81 if it feels strange il may well be stronge.
We also ensure that slaff are trained in dealing with potential phon8, email antt cyber-fraud.
Statement of Members. responsibilities
The Members of the Board, who are also the dirKtors of Upton House School Limited for the purpose of company
law, are responsible for preparing the Members, Report and the finanoal slalements in accordance with applicable
law and United Kingdom Accounting Stsnd8rds (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Members of the Board to prepare financial stalernenls for eaeh financial year which give
a true and fair view of the state of affairs of the charity and of the in¢oming r880urces and application ol resources,
in¢lucling the Income and expenditure, of the charitable Gompany for that year.
In preparing these finanaal statements. the Members ofthè ecard are requi￿d to..
sekct suitable accounting policies and then apply them consistsnlly..
- obs•rvo tho m8lhod5 and prin¢ipks in the Charits'es SORP,"
- make judgements and estimates that are ￿8$Onabl8 and prudent., and
p￿pare the flnancial statements on the goiw ¢oncBrn basis unle55 1115 ￿apprOPriate to presume that the charity
will continue in operation.
The Members of the Board are responsible lor keeplng adequate accounting records that disclose with reasonable
ac¢ura¢y al any tsme the financial position ol the charity and enab18 them lo ensure that the financial sla18menl$
comply with the Companies Act 2006. They are also responsible lor safeguarding the assets of the chaiity and
hencè for taking reasonable steps for the prevention and detecllon of fraud and other irregularities.
Audltor
Azets Audit SeNices were appoinl8d as audknr to the cornpany and a resolution proposing thai they be re-
appointed will be put at a General Meeting.
10

UPTON HOUSE SCHOOL LIMITED
MEMBERS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Dl$¢lo$ure ol inlomiation to auditor
Each of tha M8fflber5 of the Board hav• confinned that there is no inforrnation of which they are aware which
relevant to the aud￿. but of which the auditor is unawa￿. They have further conllmied that they have lak6n
appropriate steps lo hlentify such ￿levant information and to e5tabli$h that the auditor is aware of such inforrnation
The Members, report was approved by the Counol of Management.
Mrs V 8arker
Chair

UPTON HOUSE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF UPTON HOUSE SCHOOL LIMITED
Opinion
We have audited the finanGal stat8rnents ol Upton H￿j98 School Limited (the '¢harity'l for the year ended 31
August 2023 which ￿MPrIse the 51alement of financial activitie5, the balance she81, the slalement of cash flows
and neles to the financial statements. including 5ignrficant a¢¢ounling policies. Th8 finanGial rep¢rting frarne￿rk
that has been applied in their p￿paratiOn is applicab(e law and United Kingdorn Accounting Standards, induding
Financial Reporting Standard 102 The Finantral Reporting Slendard appli¢oble in thè UK and R8publiG of Ire18nd
Iunited Kingdorn Generally Accepted Accounting Praclicel.
In our opinion. the financial $tatements'.
give a tswe and fair view of th8 state of the Charitable Company's affair5 as al 31 August 2023 and of its
incoming resourcas and application of resources. including [15 i￿ome and expenditure, for the year then
ended.,
have been property prepared in acxordance with United lfjngdom Ganerally Accepted Accounting Practicg,
and
have been prePa￿d in &COrdan￿ with the reqU1￿ments of the Companie5 Act 201A.
Basis for opinitsn
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKII and applicable
law. Our re5pon5ibilities under thcse stsndard3 are further described in the Audiloffs r95ponsibilities for fh8 audit ol
the finanu81 sl8temenls $8elion of our report. We are independent of the charity In accordance with the ethical
requirements that arg rdevant to our audit of the fin8nCl￿ statements in the UK including the FRC'S Ethical
Standard. and we have fvlfilled our other ethical respon51bilitie$ In accordance with the% requirements. We believe
that the audit evKlence we have obtained is sulficient and appropriate to pro¥￿e a basis for our opinion.
¢on¢lu$lons relating to golng concern
In audjting the financial slatemenls, we have Conduded that the Members. use of the going concem basi$ of
accounting in the preparation of the financial ststemenls is appropriatè.
Bas8d on the woth we have perfonned. we have not Idanlified any material uncertainties relating to events or
ndil'ons that, individu8lly or collethvely, may cast Significant doubt on the charity's ability to Gonts"n￿ as a going
ncem for a period of at least twglve months frorn when the finanrial slalemenls are authorised for issue.
Our Rsponsibilities and the re¥ponsibililks of the Members of the Board with re$poct to going concem are
described in th¢ relevant sections of this report.
Other Information
The other Info￿a￿Dn comprises the infoTmaiion Ir￿luded in Ihe annual report ¢th¢r than the financial statements
and our audito¢s report thereon. The Members of the Board are respons5ble for the other information wnlain£d
within the annual r8POrt. Our opinion on the financial slatarnents does not cover the other information and, except to
the extent otherwise explialty Stated in our r&port, we do not express any lorni of assurance Conclusion Ihereon.
Our responsibility is lo read the other infofmaticn and. in doing so, consider whether the other inforrnation
matellally inconsist8nt with the financial sta18rnenis or our knowledge obtained in the course of the audit. or
otherwise appears to be materially misstated. If we K1entify such matèrlal inconsistencies or appaient material
mEsstatemenls. we a￿ required to detetmine whether this gNes rise to a material misstatement in the financial
statem8nls Ihernselv85. If, bas￿ on the work we have perfonr*d, we conclude that the￿ is o material
misststemenl of this other infomation, we a￿ reqvired to report that fact,
We have nothing to report in thls regard.
Oplnlon$ on other mattgrs proscribed by ￿ Companies Act 2006
ln our opinion. based on the work undertaken in the course of our audit..
the information given in the Members. report for the financial year for which the financial statsmants are
prapared, which includès the directors, report prepared for the purposes of cornpany law. is consislenl with the
financial statements., and
the diTectors' report induded wthin the Memb8rs' rèport has prepar8d in ac(x)rdan¢8 With applicable
18gal requirements.
12

UPTON HOUSE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT {CONTINUEDI
TO THE MEMBERS OF UPTON HOUSE SCHOOL LIMITED
IAatters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the
audit. we have nct identified material misstatements in the directors, report included within the Members, report.
We have nothing to report in respect ol the following matters in relation to whi¢h the Companies Act 2006 requires
us lo report lo you if. in our opinion..
adequate accountin9 records have not been kept. or returns adequate for our audrt have not been received
from brancho5 not visited by us,. or
Ihe financial slalements are not in agr8emenl with the accounting records and returns., or
certain disc105ures of trustees, ￿muneratIon specified by law are not made., or
we have not received all tt)e information and explanations we require for our audit.. or
the Mernbers of the Board were not entitled lo prepare the financial statements in accordan¢e with the small
companies regime and take advantage of the small cornpanie5' exemptions in preparing the M&rnber5' report
and frorn the requlrement lo pr8pare a strategic roport.
R05ponstbilities of Member5 of the Board
As explained more fully in the slalement of Members, responsibilities, the Mem￿rS of the Board, who are also the
directors of the charity for the purposÈ of cornpany law. a￿ responsible for the preparation of the financial
statements and for b8ing satisfied that they give a true and fair view, and for such internal ¢onlrol a8 thè Members of
the Board determine is necessary lo enable Ihe prtparation of financial statements that are free from rnaterial
mi551alement, whether due to fraud or error In pTrparing the financial $tatement5, Ihe Member5 of the 8oard a
responsible for 9558S5ing the charity's ability lo continue as a going concern. disd05ing, as appli¢able, matter5
related lo going concem and using the going concern ba515 Ot accounting unless the Member5 of the Board either
intend to liquidate the chaiilable company or lo cease operation5, or have no ￿all$tiC altemalive bul lo do 50.
Auditorfs responsiblliti88 forthe audlt ot the flnan¢lal $tat•ments
Our objectlV8s are to obtain reasonable assuran￿ about whether the financial statements as a whole afe free from
material misstatemtnt. whether due lo fraud or error, and to issue an auditors report that Includes our opinion.
Reasonable assurance 15 a h¥h level of assurance bul is not a guarantee that an audit conducted in accordance
th ISA5 IUKI will alw?y$ delect a material mi$stalement when li exk81s. Misslatemenls can ansg fr￿￿ ffftud or
effof and are considered mai&rial if, individually or in the aggregate, they could reasonably be expected to influence
the economi¢ decisions of users taken on the basks of the58 finanoal 51aternenl5.
A further description of our responsibiliti8s is availab￿ on the Financi81 Reporting Council s website at.. http$Jl
www.frGory.uklauditor5tesponsibililies. This description forrns part of ourauditors ￿pOrt.
13-

UPTON HOUSE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT {CONTINUED}
TO THE MEMBERS OF UPTON HOUSE SCHOOL LIMITED
Extent to which the audit was considered capable of det¢¢tlrty Irreyularities. including fraud
Irregularities. including fraud. a￿ instances of non4ompliance with law5 and regulation5. We design procedu￿$ in
line with our r8sponsibililes. outlined above and on the Financial Reporting Council's websita, to detect matsrial
misstatements in respect of irre9ularpl￿S, including fraud.
We obtain and update our understanding of the eniity. fts a¢b"vilies. ils Control environment, and likety futu
developments. induding irt 12lalion lo the legal and regulatory framework applicable and how the entity is comp￿Ing
with that framework. Based on this understancling, we identify and assess the ri5k5 of malerlal misstatement of the
finan￿al statements, whether due to fr8ud or error, design and perfom) audit procedu￿$ responsive to those r￿ks,
and obtain audit evidence that IS sufficient arid appropriate to provide a basis for our opinion. ThK5 includes
consideration of the risk of a¢ts by the entity that were contrary lo applicabk? laws and regulation5. induding fraud.
In response to the risk of irregularities and non-cornpliano with laws and regulations, including fraud, we de5rgned
procedures which included..
Enquiry of managernent and those charged with governano aroun¢J adual and potential lilig81￿ln and
claims as well as aGtual. suspe¢ied and alleged fraud..
Reviewing minutes of meetirys of those charged govemance.,
A55e55ing the extent of cornpliance wlh Ihe laws and regulation$ Cons￿ered lo have a direct material
effe¢l the financial staternenls or the operations of the &nlity through enquiry and inspection,.
Reviewing financial slalement dL8closiJres and lest(ng to 5UPPOrting doeurnentation to assess CA)mplance
with applicable laws and regulations.,
Pertorming audit work cvei the rfsk of management bias and override of contro15. including tesb.ng of
journal entries and other adjustments for appropriateness, evaluating the business rationa￿ of significant
transactions outside the norrnal course of business and reviewing a¢¢ounlin9 eslimates for indicators of
potential bias.
Because of the inherent limbi tions of an audiT, there is a risk that we wll not deteGI all imgularities. inGluding those
leading to a mat8rial misstalemenl in Ihe financial ststements or non-compliance with regulation. Thi5 rtsk
increases the more that compliance with a law or regulation is removed from the events and transactions rtfle¢led
in the financial statements, as we will be less likety lo become aware of instances of nOn￿MpIr8n¢e The risk of
not detecting a material misstatèment re5ulling frorn fraud is highor than for one resulting from erioi, as fiaud may
involve collusion. forgery. intentional omissions, misrepresentations, er the overTide of internal control.
Use of our report
This report is rnade solely to the ¢harilabl8 company's rnemb8rs, as a body, in attordan¢e with Chapter 3 of Part 16
ol the Companiès Act 2006. Our audit woth has been undertaken so that we might sl¥te lo the charitable companys
members those matters we are requirtd lo state lo them in an auditorfs report and for no other purp05e. Te the
fullest extent permitted by law. wo do not accept or 855ume r8spon5ibility to anyone other than the rbarilable
company and the charitable company's mèmbers as a body, lor our audit work, lor this report. or for the opinion5 We
have formed.
D•bio Saund•rs Bse FCA Isenior Sta￿tOry Audltorl
for and on behalf of Alets Audit Services
2 April 2024
Cb8rter¢d A¢¢ountants
statutory Auditor
Ash¢ombe Court
Woolsa¢k Way
Godalming
Surrey
United Kirydorn
GU7 1LQ
14.

UPTON HOUSE SCHOOL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
Unrostricted Restricted
funds
fund$
2023
2023
Total
Unrestricted Restricted
funds
funds
2022
2022
Totsl
2023
2022
Notes
ome and endowments from..
Donations and
le9acies
Charitable activib8$
Inve5ttnenl income
Othpr income
2,550
4,283,027
1.481
10,878
754
3,304
4,283.027
1.481
10,878
5.656
3,806.663
618
1.269
1.478
7,134
3.808.663
618
1.269
Total income
4.297.936
754
4,298,890
3,814,206
1,478
3,815.684
enditure on..
Charitable actiwt
4.203.166
739
4,203,905
3,725,372
1,478
3,726,850
Finance costs
12
27.126
27,12fj
18,198
18.198
Total expendilur•
4,230.292
739
4.231.031
3,743,570
1,478
3,745.048
Nel galnslllosstsl on
investments
19681
19681
13,4851
13.4851
Net movement In fund$
66.676
15
66,691
67,151
67.151
Fund balances at 1
Seplernb8r 2022
3.393,015
3,393,015
3.325,864
3,325.864
Fund balan¢e$ at 31
August 2023
3,4$9,691
15
3.459,706
3,393,015
3,393.015
The Ststement of Finan¢ialActiwties indudes all gain6 and losses re¢ogni8ed in Ihe year.
All In¢orne and expenditure derive frorn continuing activlles.
Th• statement of financial actiwties aLBc complies With the requirements lor an inceme and expendlture a¢¢ount
under thè Cornpani85 Act2W6.
15

UPTON HOUSE SCHOOL LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2023
2023
2022
as restatsd
Notes
Flxed a$8ets
Tangible assets
Investsnenls
14
15
3,758.408
70.734
3.825.615
71.116
3.829,142
3,896,731
Current assets
Stocks
Debtors
Cash at bank and in hand
26
957,754
380.015
16
978,295
600.908
1.577,203
1.337,795
reditors: amounts falling du¢ wlthln
on* year
17
11.783,7021
11.668,0421
Nei cur￿n1 liabilit￿$
1206.4991
1330.2471
Totsl as$ots l•$$ ¢urront liabillttes
3,622.643
3,566.484
Creditors- amounts falling due aft•r
more than one year
18
1162.9371
1173.4691
Net assets
3.459.706
3.393.015
Incorne funds
Rest￿Cted funds
nrestricted fun
Designated funds
General unr8Stricted funds
22
15
23
95,487
3,364,204
97,784
3.295,231
3.459,691
3.353.015
3,459.706
3,393.015
The finanaal Statements were approved by the Members OfThe Beard on ... ... ..
Mrs V Barker
Chalr
Company re9btratlon number 00677794
16-

UPTON HOUSE SCHOOL LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
Not•s
ash flows from operating activities
Cash generated from operations
29
342.722
363,7
Investlng actlvlll¢$
Purchase of tangible fL%ed assets
Investment income received
1114.8021
1,481
1179,7471
882
N•t cash used in investing activities
1113.3211
1178.8651
Financing activities
Repayment of bank loan5
18.8081
143,4561
Net cash used In financlng a£￿vItIes
18,5081
143,4561
Net increase In cash and ¢a$h •qylvalents
220.893
141,469
Cash and cash equivalents at beginning ofyear
380.015
238.548
Cash at)d cash equivalents at¢nd of year
600,908
380.015
The note5 on pages 18 10 32 form part ol these fIna￿l81 statements.

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounllng poli¢lo$
harity information
Upton House School Limitsd is a privato company limited by guarantee incorporated in England and VVale$.
The registered office is 115 St Leonards Road. Wndsor. Berkshire, SL4 3DF. United Kingdom.
1.1 A¢¢ounting convention
The financial statements have be8n prepared in accordance with the charity's Articles of Assoaation. the
Companie5 Act 2006, FRS 102 "The Financi￿ Repor￿ng Standard applicabl8 in the UK and Republi¢ or
I￿land. C'FRS 102.1 and the ChaDb'e$ SORP 'Accounting and Reporting by CharitEs. Slatem8nl of
Recommended Pra¢iice applicable lo charities preparing their accoun15 in accor(lance with the Finan￿al
Reporting Standard applicable in thè UK and RepublSc of Ireland IFRS 1021 The charty is a Public Benefit
Entity a$ defined by FRS 102.
The finanual statements ar8 prePa￿d In sterling, which is Iha hjncttonal currency of th8 charity. Monetary
amount$ in tt)e$e financial statements are rounded to the nearest £.
The financial statements have been prepa￿d uncler Ihe historKal cost ojnvenlion. The principal ac¢ounting
policie$ adopted are set out below.
1.2 Going ¢on¢or
During the year the charitable company made a sU￿lUS of E66.691 (2022 £67.1511 and had net assets of
£3,459,70612022 £3,393.0151 at the balance Sheet date. The Tiustees have as8essed whether th8 use of
the going concern bas5 is approprk?le and have considered possible event5 or condition5 that mYJhl cast
significant doubt On the ability ol the charitable cornpany lo continue a5 a going con￿M.
The Schoof5 activities, together with the factors likely to affect its future development. performance and
position are set out in the Report of the Council of Managern8nt. Pupil number5 remain strong and inler&sl in
the School from pr¢$pective f?milies r8main5 hiJh with 84 enquire$ over tt)e last S months and 38 tours of th&
school both in petson and virtualty.
The School ha$ pwducod fore¢851s and projectlons lor at least 12 months from the date of approval of thèse
financial slalernents and these Show that the School has a strong cash flow.
After making approprfate enquiries, the Council of Management has concluded that Ihorg Is reasonable
8xpectstion thal the tharitable entity remains financially viable in the long-lerni and il will have adequate
r8source$ lo continue in operat￿n81 8X15tence Icr thè forFseeable future and it 1$ therefore appropriate to
prepare thé financial statèments oll Ihe goSng concern basis.
On thi$ basis the Council ol Management have conduded that the School 1$ a going concern and Continues te
adopt the 90ing COn￿M basis in preparing Iht finanual statarn•nts. The financial statements do not include
any adju5tmenis Ihatwould result frem the School not being able to meet its liabilitses as they fall due.
1.3 charitable fund8
Fees receniable and charges for s8rvice5 and use of premises are a¢¢ounted for in the per￿d in which the
service is prowded. Fee5 recep1ab￿ are stated after deducting allowances, scholarship5 and other ￿MissionS
granted by the School. School fee5 re¢elved in advance are tecorded as liabilit18s in the balance shaet and
a￿ rtleas¢d to the Statement ef FinancialAclivities in the y88r lo which they r81at8.
18-

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies
IContHiuÈdl
1.4 Donatlons and lund accounting
Donaiions received for the general purposes DI the School are included as ￿n￿81￿cled funds. Donations
reslricled by the wish of the donor or the term$ of an app&al are taken to reslricled funds Oonatrons required
to be retained as copilal in a¢¢ordance with the dono¢s wishe5 are accounted for as Endowmeftis peimanenl
or expendable acwrding lo the nature of the re51riction. Voluntary income received by way of grants 15
included In full in the Statement of Financil A¢livilies when r&c&ivable. Grants. where enlillement is not
gjnditional on the delivery of a specific servi¢9, are recognised when the charitable company be¢omes
unconditionally entitled lo the grant. Income 15 deferred when the donor attaches conditions outside thè
¢haritable cornpany's control or 5P8crfies that the resource5 a￿ to ￿ used ￿ a futtjre accountiThJ peried.
1.6 Expenditure
Expenditure is allocated lo expense heading8, which aggr8gate all c051s relating to the calegory erther on a
direct cost b85is, or apportioned according to lime spent. The irrecoverable element of VAT is included with
the item of Èxpens8 to which il r8lates.
All costs associated with the provision of education are allocated to Charitable Expenditu￿. Onty the costs
dire¢lly asso¢iated with, or incurr8d 50ky in. Raising Fvnds a￿ allocated to this category.
Govemance co$15 compr15e the ¢o$ls of running Ike School. induding strategic planning for its future
development, external audit. and all other costs of complying with constitutional and 51atulory requirements.
Teachin9 costs such as supJie$ ol gwnes equipmen¢ books, stationery and sundry materials are wntten off
when the expendiWr8 18 incurred.
No netknng off of exp8n5es and incorne tske5 place within the accounts Un￿$8 the School has received
income from and inCUr￿d expenses on special fundraising events or activities. Under these orcumstsnces il
rnay indude only the net figure in the Stal8menl cf FinancialActwith"es.
1.6 Fund accountln9
All unrestr￿ted funds which are avaiL4ble for use at the di$cretion of the members in furtherance ol the
general objectives of the charitable Company,
Dèsignated funds ar8 unr8Stricted lund5 8amark•d by the Council of Management for particular purposes.
Re$tri¢ted funds are subjected lo resth¢tion on their exFÉnditure inposed by the doncr.
1.7 Tangible r￿ed assets
Tangible fixad assets are initkqlly [r￿aSUred at cost and subsequently measured at cost or valuation, nel of
depTeciation and any inpairment losses.
Depreaation is rècognised 50 as to writa eff tha cost or valuation of assets less t￿pr residual volu9$ ?ver Ihelr
useful lives on the following bases..
Freehold land and buildings
Plant and Equipment
Fixtures and fiitings
Motor vehicles
50 years
5% on Cost
15% on c05t
15% on cost
The gain or loss arising on the disposal of an as5el is determined as the differen￿ between the sale proceeds
and the carrying value of the asset, afid is recegntsed in the statement ol flnanual activities.
19

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accounllng poll¢los
(Continued)
1.8 Flxed a$$ot Invostmonts
Fixed asset inve5trnents are inits.ally measured at transaction price excluding transaction ¢osl$, and are
subsequently measu￿￿ at Yair value al each reporting date using the c1051ng quoted martet prrcè. Chan9e5
in fair value are recognised in nel incomellexpenditurel for the year Transaction costs are expensed as
incurr8d.
1.9 sto¢k$
Stock5 are staled al the lower ol cost and estimated selling price less costs to Complete and Sell. Cost
comprises direct materials and, Whe￿ applic2ble. direct labour costs and those overheads that have been
incurred in bringing the Stocks to their pres8nl location and condS1ion. Items held for distribut￿￿ at no or
nominal consideration are measured the lower ef rep￿￿rnent cost and cost.
Net real￿able value is the esllmaled 88lling pr￿e kss all 8slirnatod eosts of compleu.on and costs to b8
incurred in marf(etin9. sellin9 and dislribulion.
1.10 Cash and ¢08h equfjvalents
Cash 8nd cash equivalents Include cash in hand, deposJ15 held al call with banks, other shOrt-le￿ IKiuid
investrnenls with original maturili85 of three months or less. and bank overdrafts.
1.11 Flnancial lTrstrum6nts
The charity has elected to apply Ihe provision5 of Section 11 'Basi¢ Financial Instrvm8nts' and Section 12
'other Financial Inslrurnants Is5U&5' of FRS 102 to all of its financial instruments.
Financial instruments are recogt)ised ift Ihe chafity's balan￿ Sheet when the charity becomes party to the
contractual provisions of the in51ruThenl.
Financial assets and liabil￿e$ are offse¢ with the net amounts presented in ¢he finanoal statements, when
there is a legally enforceable right lo sel off the ￿cognised amoun¢s and ther8 is an intention to 50tt1• on a net
basis or to realise the asset and Settle the liability simultaneously.
Bask flnanclal assets
Basic financial assets. which includ8 debtor5 and cash and bank balan￿s, are inilia15y measured at
Iransaeiion price induding transaction costs and are subsequently c8rri8d at amortisEd cosi using the effective
interest method unless the arrangement constilules 8 financing transactien. where the Iransaclion is
measurecl at the prosent value of Ihe future receipts discounted at a markèi rate of interest. Financial a55ets
Classified as receivable ￿thin one year are not amortised.
Ba$le financlalllabllltlos
Basic finanoal liabilities. including creditors and bank Poans are initially recognised at transaction pri¢9 unle5S
the arrangemellt Constitutes a financing transaction, where the debt instrument is measured at Ihe pre58nt
value of the future payments discounted at a market rate of Interest Financi81 liabilities ¢I85sifi￿ as payable
within one year are not amorfised.
Debt instruments are subsequentty carried al amortised cost. using the effectwe interest rale method.
Trade creditors 8r6 obligations to pay for goods or servic8s Ihst have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as Cu￿nt liabilities if payment 1$ due wilhin one
year or less. 11 not, they are presented as ron-current li8bilitiè5. Trndo ¢￿dItOrS are re¢ognised initially at
transaction price and subsequently measured at amortiseit cost using the effective interest melhod.
Derecognlllon of financ181 Ilaknlffltles
Financial liabilities ale de￿COgnised when Ihe charity's contractual obllqati0￿ expire or are di5tharged or
cancelled.
-20-

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting pollcles
l¢ontinuedl
1.12 Employee bonefits
The cost of any unused hoSKlay enbtlement is recognised in the period in which the ￿plOYee'S 5ervKes are
received.
Termination benefits are recogni5ed irnmedi8tely as an expense when the charity is demonstrably committed
to terrninale the employment of an ernployee or lo provid8 terrnination benefits.
1.13 Retirement b*n*fts
From 1 September 2022 all teaching staff employed under a contract of service are elvJible lo conlibute lo the
Aviva Pension Trust for Independent Schools IAPTISI. The 5cherne is 3 iJefine¢J contribution pen$k)n Scheme.
The school also pay5 contributions Into a Group Personal Pension Scheme for Support s18ff. The Scheme is a
defined contribution pension s¢heme The assets of the Scherne are held separately from those of the School
n an independendy administered fund. The Pension Schefne ¢hargB ffjpresents ¢ontribulion$ payable by tha
School in accordance with the rules of the Scheme.
1.14 Lg0s•$
RÈnlal$ payablo under operating lease5. induding any lease tncentives ￿¢eNed, ate charged as an expense
on a straight Ilne basis over the lerrn of the relevant lease.
Critical accountiny estimat•$ andludg8ments
In the application of the Charitsble company's accountirs policies, the Council is requitsd lo mal(e
udgement5, estimates and assurnplions about Ihe carrying Hrnounl of assets and liabilrties that afe not readily
apparent frotn other 50urce5. The e51iTDatg$ and a$socialed a8sumptions are based on historical experience
and other factors that are considered to be relevant. Actual results may diff8rfrom ffte5e estimales.
The eststnates and und8rfying assurnptions are reviewed on an on-going basis. Revisions lo accounting
estimates are re¢o9nised in the period in which the estimate is revisad, if the re￿slo￿ affects only thgt period,
or in the period of revision and future periods if the revision alfect5 both current and future periods.
In the opinion of the Coun¢S1 ef Managemen¢ the estirnat88 and assumptions which have a signiffcant risk ol
causing a material adjustsnent to the carrying amount of asset5 and liabili118s are outlined below.
Crftl¢al judgements
Us•lul •¢onoml¢ live$
The annual depreciation charge for tangible fixed assets B Sensilnie to changes in the estimated u5efvl
economic live5 and residual values of the assets The useful economic lives and residual value5 ara ro-
88sessed annually. They are amended wh8n nec&ssary lo reflect current estimates, based on technological
advancement. fulure investments, econornic uts'li5ation and the physical condition of the assets. See nots 14
for the carrying amount of the property, plant and equipment and note 1 7 for the useful economic lives f¢x
each c5ass of asset
-21-

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Donation5 and legacies
Unre$trlcted Restsicted
fund$
funds
Total
Unrestricted Restricted
funds
lunds
Total
2023
2023
2023
2022
2022
2022
Other grants
Dtsnations and gifts
754
754
2,550
1,478
1.478
5.656
2.550
5,656
Charltable a¢tivitie$
2023
2022
Gross fees
Less bursari8s, scholarships and discounts
Other educational income
4,100,845 3.639,410
1279,6121 1222.0101
461.794
389.263
4.283,027 3,806.863
Other In¢om•
Unrtstrieted Unrestricted
lunds
funds
2023
2022
Rent and lettings
10.878
1.269
Investment incorne
Unrestrictsd Unro¥tri¢ted
funds
funds
1023
2022
DivKJend incorne
Inter8St receivable
562
56
895
1,481
618
22-

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
Charitable activities
Teaching
Welfare
Pr¢mlses AdmiTr costs Gov9rnan¢•
and Estatss
2023
Total
2023
2023
2023
2023
2023
Staff costs
Dèpreciation
Other
2.371.725
128,633
95.170
253,233
256.917
86.839
214,833
2,755,275
182,009
1,266,621
486,057
289.016
23.482
2.857,782
289.016
475,036
558,589
23.482
4,203,905
Analy818 by fund
Unostri¢ted funds
Restrided funds
2,857.782
289,016
475,036
557,850
739
23,482
4.203,168
739
2,857,782
289,016
475.036
558.589
23.482
4,203.905
Tta¢hing
Welfare
Premise$ Admln costs Governance
and Estates
2022
Total
2022
2022
2022
2022
2022
Staff costs
Depreciation
Other
2.132.929
25,594
84,251
93.914
197.455
166.518
87.711
279,731
2,409.292
181,62S
23,020 1,135.933
389.049
246,678
2,521,978
272.272
375,820
533,960
23.020 3,726,850
Anatysis by fund
Unr&5tricled fvnds
Restricted funds
2.521,978
272,272
375.620
532.482
1,478
23.020 3.725,372
1.478
2.521.978
272.272
375,620
533.960
23.020 3,726,850
Governance costs
2023
2022
Audit of th8 annual accounts
Accountancy fees
Auditors, remuneratign in relation to prfor perfods
15,000
2,760
5,722
20.230
2.790
23,482
23.020
23-

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
Members Of Th8 Board
None of the Members of the Board lor any persons connected with t￿mI recewed any remuneration or
benefit$ from the charity during the year.
Details of other transa¢lion$ with Member5 can be found in Note 27.
10 Employ••s
The average Fnonthly numb8r of employees during the year was.
2023
Number
2022
NuM￿r
Teaching
Premises
Support
73
Total
88
78
Employrnent costs
2023
Z022
Wages and salari8S
Social security costs
Other pension costs
2,292,661
198,689
263.925
2,001,380
162,320
225.592
2.755,275
2,409,292
Key managalnent personnel Include the H88drnislress, Deputy Head, B￿r$ar and Heads of Departrnents. The
total number of key management personnel re￿Iving pay and benefi15 is 812022 81. The lolal pay and
benefits received by key management personnel was £425,49412022- £409,800) including pension
eontributions.
The staft full ltine equivalents in the yearwere 7412022.. 701.
The number of employees whose annual r8rnuneration was rnore Ihan £60,000
is a$ follows..
2023
Nvrnber
2022
Number
£60,000- £70,000
£70.001 _ £80,000
£100,001- £110,000
£110,001- £120,(K>O
-24-

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
11 Pensivn$
The Schoofs teaching stsff were moved to the Awva Pension Trust for Independenl S¢hooL8 IAPTISI from 1st
September 2021. Th& pension charg& for the year includes conlribulion5 payable to APTIS of £184,07412022
£157.9221 and the total pension contribub'ons which We￿ still oulstsnding as al the year end were £23.600
12022 £21.7781.
The School additionally operates 8 money purchase Group Personal Pension Schemè. Conlribulion5 on
behalf of stsff wlhin this scheme are made to the Legal and General Group plc. The pension charge for the
year includes contributions payable lo the Personal Pension Scheme of £79.851 12022 £67.6701. The tot81
pension contributions whKh were still outstanding as al the y8ar end wore £9.16012022- £8,589).
Contributions to these 8cheme5 are charg& 10 the Ststernent of FinancialActivilies a$ they fall due.
12 Finance costs
Urbrestrided Unr¢stri¢ted
fund$
funds
2023
2022
Bank Charges and interest
8ank loan inlertrst
Other finance costs
1,202
2.141
23.783
948
826
16,424
27.126
18.198
13 Taxation
Th8 charity is ex8mptfrom tax on income and gains falling within section $05 of the Taxes Act 1988 or Section
252 of the Taxation of Chargeable Gams Act 1992 to the extent that these are applied lo its charitable objects.
25-

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
14 Tangible fixed assets
Freehold land
and b￿ldIngs
Plant and Flxtures and Motorv•hl¢lps
equlpment
fJWngs
T¢)tsl
Cost
At 1 September 2022
Additions
4,695.705
62,737
409,809 1,149.444
52.065
49,175
6.303,933
114.802
Ai 31 August 2023
4.758.442
409,609
1,201,509
49,175
6,418.735
Depreciation and Impalmient
At 1 Sepiember 2022
Depreciabon charged in the year
1,313,958
95.170
192,428
20,480
926.149
62,967
45,783
3.392
2.478,318
182,009
At 31 August 2023
1,409.128
212.908
989,116
49,175
2,660.327
Carrying amount
At 31 August 2023
3.349.314
196.701
212,393
3,758.408
At 31 August 2022
3.381,747
217,181
223.295
3.392
3,825,615
15 Flxed asset Investments
Li$ted
InV•s￿ents
Cost or valuatlon
At 1 Septembèr 2022
Addition5
Valuation chang85
71.116
586
19681
At 31 August 2023
70,734
Carrying amourtt
At 31 August 2023
70.734
At 31 August 2022
71.118
18 O¢btors
2023
2022
as restated
Amounts falllng due within ort• year..
Fees and extras
Prepayments and accrued income
945.691
30.604
917,378
40,376
976,295
957,754

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
17 Credltors: amounts folllng due within one year
2023
2022
as restated
Note$
8ank loans
Other laxalion and Social Sewr
Fees In advance
Fee deposits
Trade ¢reditor5
Other creditors
Accruals
10.648
47.739
1,359.279
8.900
74.243
95,001
187,892
10,648
42.793
1,273.835
10,100
164,805
89,903
75.958
20
1,783,702
1.668.042
18 Credttors: amouThts falling due aft•r more than one year
2023
2022
Noies
Bank loan$
Fee deposits
19
27.295
135.642
35,803
137,666
162.937
173,469
19 Loans and overdrafts
2023
2022
Bank loans
37,943
46.451
Payable within one year
Payable aftor one year
10.848
27.296
10.648
35,803
The Sthcol took out a bounce baG* loan with HSBC in Apri5 2022 for £50,QW. The loan tèmi 15 6 ￿ar$ and
r•payrnents started in May 2022. The first year of the loan was interest free, thereafter the Inte￿$1 is charged
at 2.5¢A.
-27-

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
20 D¢l¢rred In¢om¢
2023
2022
as r8stst8d
Arising from fees in advance
1,359.279
1,273.835
Deferred income is induded in the finan¢ial stslements as follcw5'.
2023
2022
Deferred income is included within..
Fees in advance
1,359.279
1.273,835
Movements In the year".
Deferred iD¢orne al 1 September 2022
Released from previous Per￿d5
Resources deferred in the year
1.273,8
1,170.146
11,273,835) 11,170,146)
1,359.279
1,273,835
D$fvrred incorn8 al 31 August 2023
1.359.279
1,273,835
Deferred in¢ome ￿lateS ¢0 sthool fe&s received in advance for the Autumn lern.
21 Operatlng l•a$• ¢ommllments
At the reporting end dale the charity had outstanding commitments for future minirnum lease paym8nts uniler
non-cancellable operating leas8s, which fall due as follows..
2023
2022
Within one year
Behveen two and fiv8 year5
18.884
8.186
21,057
20.785
26,870
41,842
-28-

UPTON HOUSE SCHOOL LIAqITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
22 Restricted funds
The income fun¢$ of the Charity indude rèstricted funds comprising Ihe folhjwing unexpended balan￿S of
donations and grants held on tru51 for 5pecffi¢ purposes..
Movement in
Incomlng
resources
Movemont in lunds
In¢omlng
Resources
ro8ouwes
expended
Re50uwce5
expended 18epternbpr
202Z
balance at
31 August
2023
Reslricl8d fund
1.478
11,4781
754
1729)
15
The Restricted fund represent$ nursery education funding which was spent on resources and training in
relation to early year pupils.

ro
z (fj ¢4
(o v o)
o (fj ¥)
ID (Y
J Tr- O ID
•*)
T O) 141

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
2$ Capltsl commllments
2023
2022
At 31 August 2023 the charity had capital commilments as follow5".
Conlracied for bul not provided in the financial stat8mgnts'.
A¢quisiti¢n of property, planl and 8qulpment
52.752
26 Guarantees and ¢ommlbnents
The School'5 bank. Handelsbanken pk, holds a fix8d and floatiTrg ¢harye over the undertaking and tll
prO￿rtIeS and assets ot the School.
27 Rglatsd party tran$actlon8
l￿ring the year, parties related lo Iru51ees and senior management personnel were employed by the school to
the value of £92,08812022 - £115.9901.
During the year the school solicited seNi¢es trom companies controlled by the spouse of a mernber of Ihe
senior management team. These services are broken down as follows (further deiails ¢an be found on pages
3 and 4 of Ihk5 report)
ital Curriculum £20 374
2022- £3 905
Upton House school delivers Broadcasting as part of the curriculum. the children activety produGe content for
other projeGts and activities. Many of the puplls speclallse further as part of the two after school clubs
Provided. The children are trained in many aspeGt5 of broadcasting, and they V￿lise these skills to run most of
the school 5 Iwe stream events, they a￿ responsible for vision mixing, camera control. aud￿ and directing
during these events Outside of live events Ihe chIkJ￿ n actively produce content for olher project5 2nd
actiwlies including thè sthnmer production. sottware, hardware. mobik devtces, print services. and cloud
sorvices.
ital O
erations £8 295
2022- £10 572
SetViCe5 related to spe(iali$t proj8cts such as the very popular online parents evenings 4s well as otherdvJitsl
proje¢l5.
Infornialion T8chnolo
£23
2022- £32 9
Management and oversight of IT including softrware, hardware. mobile devic85, print seNlces. cloud services
as well as the management of 1st through 3rd line outsourced IT serwees. Management of multiple vendors
including escalations. Suppcrt to the Senior ￿adership team for any projects that require support from an IT
perspective.
tal Markelin
2022- £6
Upton House school live streams most ev8nls to families and extsnd￿ famI￿leS across the UK and th8 globe.
To date. extended family members have watched events from over 83 countrEs and the school hes streamed
over 400 events. Thest span from dass assemblies lo 18rnly Music Solrtes. Prize Giving. leavers events and
the full d￿Jital 5umm8r produ¢tion. In addition. Uplon live strearns from fabulou8 locations around Windsor
such as th8 Carol Service and the Harvest Festival from the Garrison church and SpDrts Day8, keeping our
families connected to the ￿h0O1.
Produ¢liDn and delivery of thrte live virtual Open Momings per year. These events are delivered live with
imrnersive content induding live singing and Ilve sports. Prospective pa￿nIS are able lo hear dire¢lly from the
Senior leadarship taam and there 15 an opportunity for question5 and answers. The content of the event
talloied lo ￿flect the season which influences the sports dlsplayed. the sing¢ng and the drama and Mus
perlortnances.
Other dKJital content 1$ ¢reatsd tc promots Iht school Including Worfd Book day and Jubilee schools.
31

UPTON HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
28 Prioryear restslement
The comparative figu￿$ for lees and extras, recognised in debtors, and fees received in advanTr. reeognised
in C￿ditorS due withln one year, have increased by £888.704 as ol the cornparalive year end dale of 31
August 2022. The ojrrenl year equivalent value5 as of 31 August 2023 are £856.839
The prfor year financial statements offset thes8 amounts lo exclude any afflounts ￿latT￿9 ro the Autumn lerni.
However. the year end fees and extras balance Should be reflected on the basi5 01 the Invoice date and the
amounts owing at the year end date, ￿gardI¢s$ of the lem) the invoices relate lo, in order lo meet relevant
occounting standards. Therefore. the grossing up ol the associated debtor and creditor values are deemed a
MO￿ suitable refleolion of the nature of the debtor and creditor balances at the year end. This ￿$￿tement
has had no impact on the comparative Statement of Financial Activities or NetAs$ets.
29 Cash g8n8rated from opgratyons
2023
2022
Surplus for the year
66.691
67,151
Adjuslmenls for..
Investrnenl Incolne
Loan interest payable
Fair value gain5 and f055e5 on investments
Dep￿ciatiOn of tangible fixed assets
11.4811
15861
968
182.009
16181
18261
3,485
181.625
Movem&n15 in working capital=
Decrease in stocks
Increase in debtors
Increas8 in cradilors
Increase in detsrred in￿n
26
118,$411
28,192
85,444
1159.1891
168,473
103,689
Cash gen¢rated from
342.722
363,7
30 Anaty818 of ehanges in net funds
At I S•ptomb¥r
2022
a8h flows
At 31 August
202)
Cash al bank and in hand
380.015
220,893
600,908
Loans falling due wthin one year
Loans falling due after more than one year
110,6481
135,8031
11Q,6481
127,2951
8,508
333,564
229,401
562.985
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