Registered Company Number: 00569365 (England & Wales) Registered Charity Number: 309648
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 31 March 2025
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL) (Registered number: 00569365)
Annual Report and Financial Statements For the year ended 31 March 2025
CONTENTS
| Pages | |
|---|---|
| Legal and Administrative Information | 1 – 2 |
| Report of the Trustees | 3 – 4 |
| Report of the Independent Examiner | 5 |
| Statement of Financial Activities | 6 |
| Comparative Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Statement of Cash Flows | 9 |
| Notes forming part of the Financial Statements | 10 – 18 |
| Trading and Profit and Loss Account | 19 – 20 |
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
LEGAL AND ADMINISTRATIVE INFORMATION As at 31 March 2025
Henley Acorns Education Limited is a Charitable Company limited by guarantee, incorporated on 24 July 1956 and registered as a charity on 2 January 1964. The Charitable Company was established under a Memorandum of Association which established the objects and powers of the Charitable Company and is governed under its Articles of Association adopted by special resolution on 2 April 2024, which replaced those dated 12 December 2001.
TRUSTEES
The Trustees of the Charity and Directors of the Company, who served during the period, unless otherwise stated were as follows:
Mr C R Lowe Mrs A F Ashby Dr M L Brennan Mr P E Falinski Ms C N M Hassall Mr M G Howat Mrs G E Little Mr J M Phillips Mr N Potter Mr H Wilding Ms H Lake
Chairman
(retired 10 December 2024) (retired 10 December 2024)
(retired 10 December 2024) (retired 10 December 2024)
(retired 10 December 2024) (appointed 10 December 2024)
REGISTERED OFFICE 1 Friar Street, Reading RG1 1DA REGISTERED COMPANY NUMBER 00569365 REGISTERED CHARITY NUMBER 309648
PROFESSIONAL ADVISORS
Bankers
Lloyds TSB Bank Plc 1 Reading Road Henley-on-Thames Oxon RG9 1AE
Solicitors
Blandy & Blandy 1 Friar Street Reading Berks RG1 1DA
Independent Examiner
Wenn Townsend Chartered Accountants 30 St Giles Oxford OX1 3LE
1
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
REPORT OF THE TRUSTEES
For the year ended 31 March 2025
The Trustees present their report together with the financial statements of the Charitable Company for the year ended 31 March 2025. The Report of the Trustees, as required by the Charities Act 2011, is also the Directors Report as required by S.417 of the Companies Act 2006. The financial statements comply with the requirements of the Companies Act 2006, the Charities Act 2011, the Charitable Company’s Memorandum and Articles of Association and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Henley Acorns Education Limited was set up by a Trust Deed dated 24 December 1956 and operated as a Charitable Company, under the name of Rupert House School, in accordance with its Memorandum and Articles of Association dated 24 July 1956 and amended by special resolution on 2 April 2024, until the sale of the school (including all its fixed assets) to Wishford Education Group, and on 25 April 2024 the Charity changed its name to Henley Acorns Education Limited. It is intended, as soon as is practicable with Charity Commission approval, to amend the Objects of the Company to reflect the changes in the operations of the Charity.
Appointment, induction and training of trustees
New Trustees are selected to ensure there was a mix of knowledge and experience on the range of matters that are likely to come before the Board.
The election of new Trustees takes place, following appropriate declarations and checks, at a Board of Trustees’ meeting and the appointments are ratified at the following Annual General Meeting of the Charitable Company.
At the Annual General Meeting held on 10 December 2024 Mrs A Ashby, Dr M L Brennan, Mrs C Hassall, Mr M Howatt and Mr H Wilding retired, and Miss H Lake was appointed.. In accordance with the Articles of Association, Mr P Falinski and Mr N Potter will retire at the forthcoming Annual General Meeting.
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
Following the sale of the Rupert House School to Wishford Education on 25 April 2024, the name of the charity was changed to Henley Acorns Education Limited and the articles of association were amended on 2 April 2024. For the time being, the charitable objects continue to be "to establish and maintain a school for the education of girls and if thought fit for the education of boys".
Key activities have been the investment of the proceeds of sale into an investment fund for charities and settlement of the post-sale accounts with Wishford Education."
2
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
REPORT OF THE TRUSTEES For the year ended 31 March 2025
FINANCIAL REVIEW
As a result of the change in the accounting year end in 2024, from 31 July to 31 March, prior year figures are not directly comparable as they are reporting an 8-month period.
On 28 March 2024, the Charity sold Rupert House School which generated a profit on disposal of £1,723,845. Cash from the sale was paid to the Charity on 4 July 2024. By 31 March 2025, £701,000 had been invested in CCLA Charity Investments and a further £1,899,000 has been invested in CCLA in April 2025, bringing the total invested to £2,600,000. Total income of £62,010 for the 12 months to 31 March 2025 includes £59,187 income from investments and bank interest.
Included in the £35,902 expenditure for the 12 months are legal and professional expenses of £10,715, accounting and secretarial expenses of £5,750, independent examination costs of £3,600 and further write-offs relating to the sale of the school, amounting to £10,453. As agreement of a final settlement figure was reached in July 2025, with Wishford Education Group, and the settlement figure paid in July 2025, no further costs are expected in relation to the sale of the school.
At 31 March 2025, the overall reserves stood at £2,799,684 (31 March 2024 £2,781,701) and the net cash balances stood at £2,230,871 (31 Mar 2024 £253,099). These reserves, which are all free reserves (as defined by the Charity Commission), ensure that the Charity can fulfil and complete the charitable obligations and commitments into which it enters.
Reserves Policy
The Trustees’ policy is to invest funds in order to maintain and establish sufficient funds to finance the operations of the Charity.
Going concern
Budgets and cashflow forecasts for a minimum of up to 12 months ahead are regularly reviewed by the Board to ensure that sufficient funds are available.
The Trustees are of the opinion that the Charity has sufficient cash and reserves to operate in accordance with its objectives.
PLANS FOR FUTURE PERIODS
Subject to approval by the Charity Commission, it is the intention of the Charity to retain the proceeds from the sale of Rupert House School and utilise its cash reserves to generate an income which will be used for the advancement of education and the benefit of young people in Henley and the surrounding areas.
3
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
REPORT OF THE TRUSTEES
For the year ended 31 March 2025
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees (who are also Directors of Rupert House School for the purposes of Company Law) are responsible for preparing the Report of the Trustees (including the Strategic Report) and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial period that give a true and fair view of the charitable company’s state of affairs and of its incoming resources and application of resources, including income and expenditure, for the financial period. In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and apply them consistently.
-
Observe the methods and principles in the Charities SORP.
-
Make judgments and estimates that are reasonable and prudent.
-
State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to operate.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the Financial Statements comply with the companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Directors and Trustees on 2 December 2025 and signed on their behalf by:
……………………………………………...
C R Lowe Chairman
4
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HENLEY ACORNS EDUCATION LIMITED
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025, which are set out on pages 6 to 18.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
Accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
The accounts do not accord with those records; or
-
The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
-
The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew Rodzynski FCA Wenn Townsend Chartered Accountants 30 St Giles Oxford OX1 3LE
Date: 8 December 2025
5
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL) (Registered number: 00569365)
STATEMENT OF FINANCIAL ACTIVITIES (incorporating an Income & Expenditure Account) For the year ended 31 March 2025
| Notes INCOME Income from charitable activities School fees receivable 3 Ancillary income 4 Investment income 5 Sundry income Total income EXPENDITURE Charitable activities Total expenditure 7 Net income/(expenditure) and Net movement of funds in the period Gain on disposal of School operations 18 Loss on revaluation of investments 10 Funds brought fwd at 1 April 2024 Funds carried fwd at 31 March 2025 14/15 |
Total Total Unrestricted Funds Restricted Funds 2025 8 months to 31 March 2024 £ £ £ £ - - - 1,736,688 - - - 136,400 59,187 - 59,187 6,969 2,823 2,823 |
|---|---|
| 62,010 - 62,010 1,880,057 |
|
| 35,902 - 35,902 2,264,079 |
|
| 35,902 - 35,902 2,264,079 |
|
| 26,108 - 26,108 (384,022) - - - 1,723,845 (8,125) |
|
| 17,983 - 17,983 1,339,823 2,771,571 10,130 2,781,701 1,441,878 |
|
| 2,789,554 10,130 2,799,684 2,781,701 |
All the amounts derive from continuing activities.
The Statement of Financial Activities includes all gains and losses recognised in the period.
The notes on pages 10 to 18 form part of these Financial Statements.
6
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL) (Registered number: 00569365)
STATEMENT OF FINANCIAL ACTIVITIES – PREVIOUS YEAR (incorporating an Income & Expenditure Account) For the 8 months ended 31 March 2024
| Notes INCOME Income from charitable activities School fees receivable 3 Ancillary income 4 Investment income 5 Total income EXPENDITURE Charitable activities Total expenditure 6 Net income/(expenditure) and Net movement of funds in the period Gain on disposal of School operations 18 Funds brought fwd at 1 August 2023 Funds carried fwd at 31 March 2024 14/15 |
Total Unrestricted Funds Restricted Funds 8 months to 31 March 2024 £ £ £ - - 1,736,688 - - 136,400 6,969 - 6,969 |
|---|---|
| 1,880,057 - 1,880,057 |
|
| 2,264,079 - 2,264,079 |
|
| 2,264,079 - 2,264,079 |
|
| (384,022) - (384,022) 1,723,845 - 1,723,845 |
|
| 1,339,823 - 1,339,823 1,431,748 10,130 1,441,878 |
|
| 2,771,571 10,130 2,781,701 |
All the amounts derive from continuing activities.
The Statement of Financial Activities includes all gains and losses recognised in the period.
7
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL) (Registered number: 00569365)
BALANCE SHEET As at 31 March 2025
Notes FIXED ASSETS Investments 9 CURRENT ASSETS Debtors 10 Cash at Bank and in Hand Creditors Amounts falling due within one year 11 Net Current Assets Total Assets less Current Liabilities Creditors Amounts falling due after more than one year 12 NET ASSETS 13 FUNDS Restricted Funds 14 Unrestricted Funds General Fund 15 |
2025 £ £ 692,875 - 2,230,871 2,230,871 (124,062) 2,106,809 2,799,684 - 2,799,684 10,130 2,789,554 2,799,684 |
2025 £ £ 692,875 - 2,230,871 2,230,871 (124,062) 2,106,809 2,799,684 - 2,799,684 10,130 2,789,554 2,799,684 |
2024 £ £ - 2,678,081 253,099 2,931,180 (137,812) 2,793,368 2,793,368 (11,667) 2,781,701 10,130 2,771,571 2,781,701 |
2024 £ £ - 2,678,081 253,099 2,931,180 (137,812) 2,793,368 2,793,368 (11,667) 2,781,701 10,130 2,771,571 2,781,701 |
|---|---|---|---|---|
| 2,230,871 (124,062) |
2,931,180 (137,812) |
|||
| 2,799,684 - |
2,793,368 (11,667) |
|||
| 2,799,684 | 2,781,701 | |||
| 10,130 2,789,554 |
10,130 2,771,571 |
|||
| 2,799,684 | 2,781,701 |
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
Approved by the Board of Directors and Trustees on 2 December 2025 and are signed on its behalf by:
……………………………………………………… C R Lowe
……………………………………………. P E Falinski
8
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL) (Registered number: 00569365)
CASH FLOW STATEMENT As at 31 March 2025
| Note Operating Activities Cash used in operations 17 Investing Activities Interest received Purchase of tangible fixed assets Purchase of investments Net cash used in Investing Activities Financing Activities Disposal of assets Loan repayments Interest paid Net cash used in Financing Activities Net movement in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2025 2024 £ £ 2,646,922 (3,318,694) |
|---|---|
| 59,187 6,969 - (23,159) (701,000) - |
|
| (641,813) (16,190) |
|
| - 3,067,000 (27,337) (21,809) - (3,508) |
|
| (27,337) 3,041,683 |
|
| 1,977,772 (293,201) 253,099 546,300 |
|
| 2,230,871 253,099 |
These notes on pages 10 to 18 form part of these Financial Statements.
9
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2025
1 GENERAL INFORMATION
Henley Acorns Education Limited (formerly Rupert House School) (“the Company”) is a Charitable Company limited by guarantee, domiciled and incorporated in England.
2 STATEMENT OF ACCOUNTING POLICIES
A summary of the more important accounting policies including those affecting the most significant items in the Financial Statements is set out below:
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.
The financial statements are prepared on a going concern basis.
Assets and liabilities are initially recognised at historic or transaction value unless otherwise stated.
The financial statements are prepared in sterling (£) and are rounded to the nearest £1.
Going concern
The Charity had net current assets of £2,106,809 (2024: £2,793,368) and net cash balances of £2,230,871 (2024: £253,099) at the balance sheet date.
The Trustees are of the opinion that the Charity has sufficient cash and reserves to continue as a going concern.
Fund accounting
General funds are unrestricted funds that are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charitable Company and have not been designated for other purposes.
Designated fund comprises funds that have been set aside by the Trustees out of unrestricted general funds for specific purposes.
Restricted funds are funds that can only be used for specific restricted purposes as laid down by the donor or the terms of the appeal.
Income
All income is included in the Statement of Financial Activities when the Charitable Company is legally entitled to the income and the amount can be measured reliably.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Certain expenditure is apportioned to categories based on the estimated amount attributable to that activity in the period. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Governance costs comprise the costs of running the charitable company, such as preparing statutory accounts and satisfying public accountability.
10
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (Cont’d)
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Investments
Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes net gains and losses arising on revaluations and disposals throughout the year.
Financial instruments
Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Operating leases
Rentals applicable to operating leases are charged to the Statement of Financial Activities over the period in which the cost is incurred on a straight-line basis.
2 SIGNIFICANT JUDGEMENTS AND ESTIMATES
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Charitable Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
3 FEES RECEIVABLE
| Fees receivable consist of: Gross fees Less: Total bursaries and discounts given |
8 months to 2025 31 March 2024 £ £ - 1,848,203 - (111,515) _ _ - 1,736,688 |
|---|---|
11
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (Cont’d)
4 ANCILLARY INCOME
| Unrestricted | Funds | Restricted | Total | Total | |
|---|---|---|---|---|---|
| School | Designated | Funds | 2025 | 8 months | |
| to 31 | |||||
| March | |||||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| Registration fees | - | - | - | - 3,750 |
|
| Other | - | - | - | - 132,650 |
|
| - | - | - | - 136,400 |
||
INVESTMENT INCOME |
|||||
| Unrestricted | Funds | Restricted | Total | Total | |
| School | Designated | Funds | 2025 | 8 months | |
| to 31 | |||||
| March | |||||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| Bank interest | |||||
| receivable | 59,187 | - | - | 59,187 6,969 |
5 INVESTMENT INCOME
6 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITES
| Charitable activities School operating costs Teaching Welfare Premises Support costs Governance costs Bank charges and interest Bad debts Total Expenditure |
Total Total 2025 8 months to 31 March 2024 £ £ - 1,158,718 - 275,919 - 300,561 24,931 428,079 - 39,772 518 3,508 10,453 3,522 |
|---|---|
| 35,902 2,264,079 |
12
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL) (Registered number: 00569365)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (Cont’d)
7 NET EXPENDITURE FOR THE PERIOD
NET EXPENDITURE FOR THE PERIOD |
|
|---|---|
| Net incoming funds is stated after charging Depreciation and loss on disposal Independent examiner’s fee Auditors’ remuneration for: External work Other work STAFF COSTS Wages and salaries Social security costs Pension contributions Employee benefits accrual The average number of employees during the period were: Teaching Teachers’ assistants Administration Domestic |
8 months 2025 to 31 March 2024 £ £ - 87,414 3,600 - - 26,200 - 5,000 |
| 2025 8 months to 31 March 2024 £ £ - 959,159 - 90,529 - 108,639 - - - 1,155,327 |
|
| 2025 2024 No. No. - 27 - 13 - 7 - 4 - 51 |
8 STAFF COSTS
The number of employees whose emoluments (excluding pension contributions) amounted to over £60,000 in the period were as follows:
| £60,001 – 70,000 Total cost of employer’s pension contributions to the individuals above in the period |
2025 2024 No. No. - 1 |
|---|---|
| 2025 2024 £ £ - 8,544 |
The total of employee benefits paid to the senior management team in the period totalled £nil (2023-24: £178,941).
During the period no emoluments were paid to the Trustees or persons connected with them (2024: £Nil).
13
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (Cont’d)
9 FIXED ASSET INVESTMENTS
| Market value as at 1 April 2024 Additions Net losses on revaluation Market value as at 31 March 2025 Investments at market value comprised: 2,749.94 units COIF Charities Investment Fund Acc Cost as at 31 March 2025 10 DEBTORS Trade debtors Prepayments Other debtors 11 CREDITORS Amounts falling due within one year Loans Trade creditors Finance lease Accruals Other creditors |
2025 2024 £ £ - - 701,000 - (8,125) - |
|---|---|
| 692,875 - |
|
| 692,875 701,000 2025 2024 £ £ - 52,338 - - - 2,625,743 - 2,678,081 |
|
| 2025 2024 £ £ - 10,000 511 12,130 - 5,671 4,250 87,801 119,301 22,211 124,062 137,813 |
|
| 12 CREDITORS | 2025 2024 |
| Amounts falling due after more than one year |
|
| £ £ |
|
| Loans | - 11,667 |
| The loan is from Lloyds Bank under the Government’s Bounce Back Loan Scheme. Repayment commenced in June 2021 over 60 months with interest charged at 2.5%. The loan was repaid in full on 10 July 2024. |
14
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (Cont’d)
13 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| 2025 Restricted Funds Unrestricted Funds General Reserves 2024 Restricted Funds Unrestricted Funds General Reserves |
Fixed Net Current Long Term Assets Assets Liabilities Total £ £ £ £ - 10,130 - 10,130 692,875 2,096,679 - 2,789,554 |
|---|---|
| 692,875 2,106,809 - 2,799,684 |
|
| Fixed Net Current Long Term Assets Assets Liabilities Total £ £ £ £ - 10,130 - 10,130 - 2,783,237 (11,667) 2,771,571 |
|
| - 2,793,367 (11,667) 2,771,571 |
15
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (Cont’d)
14 RESTRICTED FUNDS
| 2025 Fixed assets fund Parental donations Kirkham prize fund Pre-prep Creative Arts Prize 2024 Fixed assets fund Parental donations Kirkham prize fund Pre-prep Creative Arts Prize |
Balance Balance 1 April 31 March 2024 Income Expenditure Transfers 2025 £ £ £ £ £ 9,127 - - - 9,127 323 - - - 323 600 - - - 600 80 - - - 80 |
|---|---|
| 10,130 - - - 10,130 |
|
| Balance Balance 1 August 31 March 2023 Income Expenditure Transfers 2024 £ £ £ £ £ 9,127 - - - 9,127 323 - - - 323 600 - - - 600 80 - - - 80 10,130 - - - 10,130 |
The restricted funds relate to donations given for specific projects, viz the purchase of fixed assets for use by the School, parental donations for the assistance of pupils and the payment of specific school expenses.
Fixed assets fund
These were donations that the school received that were used to purchase the property known as Courtneys. The annual movement represents depreciation in line with the property depreciation as a whole.
Parental donations
This was a donation received from an individual to assist with ‘financially strained pupils’.
Kirkham prize fund
This was a grant received from the Hon Mrs Kirkham to set up a prize fund to be called ‘The William Kirkham Prize’, for a boy who has persevered with his handwriting in year 2’.
Pre-prep Creative Arts Prize
This was an amount donated by a teacher who is no longer employed at Rupert House School to provide prizes in future years.
16
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL) (Registered number: 00569365)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (Cont’d)
15 UNRESTRICTED FUNDS
| 2025 General funds Designated fund – Bursary 2024 General funds Designated fund - Bursary |
Balance Balance 1 April 31 March 2024 Income Expenditure Transfers 2025 2,769,061 62,010 (44,027) - 2,787,044 2,510 - - - 2,510 |
|---|---|
| 2,771,571 62,010 (35,902) - 2,789,554 |
|
| Balance Balance 1 August 31 March 2023 Income Expenditure Transfers 2024 1,429,238 3,603,902 (2,264,079) - 2,769,061 2,510 - - - 2,510 |
|
| 1,542,348 3,603,902 (2,264,079) - 2,771,571 |
16 TAXATION
The Charitable Company is a registered charity and as such is entitled to tax exemptions on income and gains, properly applied for its charitable purposes.
17 RECONCILIATION OF NET INCOME TO NET CASH GENERATED FROM OPERATIONS
| Net movement in funds Adjustments for: Depreciation of tangible assets Interest receivable Interest payable Decrease/(Increase) in debtors (Decrease)/Increase in creditors |
2025 8 months to 31 March 2024 £ £ 26,108 (384,022) - 87,414 (59,187) (6,969) - 3,508 2,678,081 (2,580,693) 1,920 (437,932) 2,646,922 (3,318,694) |
|---|---|
17
HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
(Registered number: 00569365)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (Cont’d)
18 GAIN FROM THE DISPOSAL OF SCHOOL OPERATIONS
On 28 March 2024, the Charity sold Rupert House School’s operations and associated assets and liabilities to Wishford Education Group for total proceeds of £3,065,000. A summary of the assets sold by the Charity and their carrying values in the financial records at the date of disposal are shown below:
| Fixed assets Proceeds Gain on disposal |
£ 1,341,155 3,065,000 |
|---|---|
| 1,723,845 |
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HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
INCOME AND EXPENDITURE ACCOUNT For the year ended 31 March 2025
INCOME Fee Income Tuition fees Activities, trips and outings Registration fees Deposits retained Sundry income Other Income Interest receivable Miscellaneous income Total Income for the Year Less: Expenditure for the Year Surplus/((Deficit) for the Year |
2025 £ £ - - - - - - 59,187 2,823 62,010 62,010 ( 35,902) 26,108 |
2025 £ £ - - - - - - 59,187 2,823 62,010 62,010 ( 35,902) 26,108 |
8 months to 31 March 2024 £ £ 1,736,638 119,140 3 750 - 13 510 1 873,088 6,969 - 6,969 1,880,057 (2,264,079) (384,022) |
|---|---|---|---|
| 59,187 2,823 |
6,969 - |
||
| 62,010 ( 35,902) 26,108 |
This page does not form part of the statutory Financial Statements
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HENLEY ACORNS EDUCATION LIMITED (Formerly RUPERT HOUSE SCHOOL)
INCOME AND EXPENDITURE ACCOUNT For the year ended 31 March 2025
| EXPENDITURE Educational Salary costs Teaching material Direct costs Courses/Inset Depreciation Welfare Salary costs Provisions and housekeeping Laundry and cleaning Depreciation Premises Rates and water Insurance Light and heat Repairs Depreciation Support Salary costs Accounting and secretarial Insurance Telephone and internet charges IT expenses Postage and stationery Advertising and recruitment SD Worx – Payroll Bureau Marketing Miscellaneous Legal and professional charges Auditors’ remuneration Independent examination Depreciation Finance costs Bank charges Loan interest Lease interest Bad debts Total Expenditure for the Year |
2025 £ £ - - - - - - - - - - - - - - - - - - 5,751 3,162 - - 40 - - - 1,663 10,715 - 3,600 - 24,931 518 - - 10,453 10,971 35,902 |
2025 £ £ - - - - - - - - - - - - - - - - - - 5,751 3,162 - - 40 - - - 1,663 10,715 - 3,600 - 24,931 518 - - 10,453 10,971 35,902 |
31 March 2024 £ £ 897,744 92,083 3,864 143,958 21,069 1,158,718 73,803 140,460 46,863 14,793 275,919 6,962 14,845 163,386 68,327 47,041 300,561 183,780 - 8,572 10,133 47,376 5,467 2,69 4,337 10,643 44 213,149 31,200 - 4,511 521,851 625 426 2,457 3,522 7,030 2,264,079 |
31 March 2024 £ £ 897,744 92,083 3,864 143,958 21,069 1,158,718 73,803 140,460 46,863 14,793 275,919 6,962 14,845 163,386 68,327 47,041 300,561 183,780 - 8,572 10,133 47,376 5,467 2,69 4,337 10,643 44 213,149 31,200 - 4,511 521,851 625 426 2,457 3,522 7,030 2,264,079 |
|---|---|---|---|---|
| - - - - |
73,803 140,460 46,863 14,793 |
|||
| - - - - - |
6,962 14,845 163,386 68,327 47,041 |
|||
| - 5,751 3,162 - - 40 - - - 1,663 10,715 - 3,600 - |
183,780 - 8,572 10,133 47,376 5,467 2,69 4,337 10,643 44 213,149 31,200 - 4,511 |
|||
| 518 - - 10,453 |
625 426 2,457 3,522 |
|||
| 35,902 | 2,264,079 |
This page does not form part of the statutory Financial Statements
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