**COMPANY NUMBER:** 00678091 **CHARITY NUMBER:** 311076 

## **GOVERNORS' REPORT, STRATEGIC REPORT AND FINANCIAL STATEMENTS FOR** 

## **YORK HOUSE SCHOOL TRUST LIMITED** 

**(LIMITED BY GUARANTEE) FOR THE YEAR ENDED 31 AUGUST 2025** 

1 



## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE) CONTENTS** 

||**PAGE**|
|---|---|
|GOVERNORS' REPORT (INCORPORATING STRATEGIC REPORT)|4|
|STATEMENT OF GOVERNORS' RESPONSIBILITIES|13|
|INDEPENDENT AUDITOR'S REPORT|14|
|STATEMENT OF FINANCIAL ACTIVITIES|17|
|BALANCE SHEET|18|
|CASH FLOW STATEMENT|19|
|NOTES TO THE FINANCIAL STATEMENTS|20|



2 



## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION** 

**Governors** Ms H Regan (Chairman) Mrs L Keating (Deputy Chairman, resigned 4 December 2024) Mr S Baldock (Appointed 14 March 2025) Mrs V Brocklesby (Appointed 25 June 2025) Mr A J Cawthorne Mr B Ellis Mrs J Ginger Mrs C Hargrove Mrs N Moola Mr G L Palin **Headmaster** J Gray **Bursar** M Honeybourne **Company number** 00678091 **Charity number** 311076 **Registered office and principal address** York House School Sarratt Road Croxley Green Rickmansworth WD34 4LW **Auditors** HaysMac LLP 10 Queen Street Place London EC4R 1AG **Bankers** HSBC Bank plc 73 High Street Watford Hertfordshire WD17 2DS 

3 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT)** 

The Governors, who are also directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31[st] August 2025. 

## **OBJECTIVES AND ACTIVITIES** 

## **Charitable Objects** 

The Object of the Trust, in accordance with its Memorandum of Association, is the education of children aged 3 to 13. In the furtherance of this object, the Governors, as the Charity’s Trustees, have complied with the duty imposed by the Charities Act, 2006 to have due regard to the Public Benefit requirements of that Act. 

## **Aims and Intended Impact** 

The School’s aim is to provide a nurturing and challenging environment in a traditional school setting in 47 acres of countryside. This is combined with a modern and ambitious approach to teaching, “Growth Mind-set”, developing all pupils so that they excel in a variety of subjects and disciplines, with an impressive standard of pastoral care. This positive environment allows girls and boys between 3 to 13 years to succeed and develop as individuals. Great emphasis is placed on offering motivating, fun and inspiring school outings, events and activities throughout the School to ensure and support this development. 

The School aims to stimulate, maintain and develop lively and enquiring minds; to encourage all pupils to reach their true potential and eventually become independent learners who value learning with and from others, as a life-long process. 

We understand the need for support in parents’ busy daily lives with the provision of before and after school care. A wide range of sports, music, drama, languages, arts, media, public speaking and various martial arts are provided in our Pre- and AfterSchool Clubs. A passionate aim of ours is to use and develop the unique countryside setting of the school to educate pupils with new life-skills and knowledge. York House offers a very high quality of education within a curriculum that includes both time and space – rare commodities in modern day life. 

We continue to appoint, develop and retain staff of the highest quality and to develop a school community of responsible citizens which affords equal value to all of its members, is seen to be just and encourages mutual respect, truthfulness and concern for others. Part of our development of staff is carried out through encouraging a link between individual appraisals and the school’s objectives. 

While carrying out our charitable purpose – the provision of education – we aim to deliver substantial benefit to all stakeholders, including the local community, through the provision of an excellent and broad education and through access to our services, facilities and expertise. 

## **Outcomes of the 2024-25 objectives** 

1. Financial – Navigate the challenging financial environment we have been working in as it merges ever more closely with the political environment under the new Labour Government. 

4 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT)** 

   - The school responded to the challenging financial environment, (VAT on school fees, loss of business rate relief, increase in employer NI) with stringent cost control and reported a modest positive surplus. 

2. Strategic – The school has announced its strategic decision to transition to a 3-11 school from September 2026. We will ensure this transition takes place in the most effective way ensuring that all of our fixed assets remain fully utilised. 

   - The school is half way through this 2-year transitional period as the school said goodbye to its final Year 7 children in July 2025. 

3. Political – We will now reposition ourselves to respond to the political decisions upon us with independent school fees becoming subject to VAT. 

   - An ongoing objective as we position ourselves, along with the rest of the sector, following the introduction of VAT on school fees in January 2025. 

4. Mental Health & Wellbeing – We will continue to evolve the robust and purposeful activity around Mental Health & Wellbeing. This includes working towards achieving the Carnegie Gold award and the opening of our Foundation Wellbeing Garden. 

   - York House School was awarded the Carnegie Gold Award in January 2025. This is a huge achievement and one of which we are very proud. 

The objectives set for 2025/26 are: 

1. Financial – Remodel our business case in a period of contraction for the independent education sector ensuring our finances remain robust where we are seeing a fall in pupil numbers. 

2. Strategic – Complete the transition from a 13+ to an 11+ school ensuring that our teaching and learning offering reflects that subtle change. 

3. Teaching and Learning – Making subtle adjustments to our curriculum to reflect all pupils now moving on to senior school at 11+. We will continue to broaden our cocurriculum and bring exciting activities from years 7 and 8 to years 5 and 6. 

## **Principal Activities for the Year** 

During the year, the School continued to provide preparatory and nursery education. There was an average of 360 (2024: 402) pupils during the year a 10% decrease on the prior year primarily driven by the government decision to make independent school fees subject to VAT. The number of girls now represents one third of pupils. Governors are confident that this increasing provision for co-education will continue to underpin the School’s future pupil base. A Growth Mind-set approach to teaching and learning is now fully established within the curriculum. 

Governors feel that the reputation of the school increases through consistently good word of mouth and our involvement in the local area. The school’s excellent academic and co-curricular performance, placing children at the secondary school of their choice and offering in excess of 90 diverse, character building after school club activities, underpins its charitable object. This is further supported through the continual growth of partnerships with local bodies; primary schools, local societies and, providing use of the school’s facilities for local community activity. 

Governors are committed to broadening access to the School by continuing to offer to eligible parent’s means-tested financial support for the payment of school fees. This is both for existing parents who come upon hard times and for new parents who wish their children to be able to benefit from the excellent facilities and education but are unable to afford the full fees. 

**STRATEGIC REPORT** 

5 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT)** 

## **Inspection** 

In January 2024 the school underwent a full ISI inspection under the new ISI framework. Grades previously used by ISI have all been removed and schools now just receive a ‘Standards are met’ or ‘not met’ outcome for each area. The inspection process was extremely positive for the school and the school received ‘Standards are met’ outcomes across all areas. 

The school had previously been inspected in December 2019, where we underwent a full ISI Compliance and Educational Quality inspection at which time the ISI judgement in every single available area was Excellent. 

## **Achievements and Performance** 

In the 2024/2025 academic year, 11 children were awarded scholarships as follows: (16 scholarships in total with some being offered more than one) 

|School|Awarded for|Number of Pupils|
|---|---|---|
|Merchant Taylors’ School|Academics|1|
|Merchant Taylors’ School|Sport|1|
|Millfeld|Sport|1|
|Repton|Sport|1|
|St Albans|Academic|4|
|Haberdashers Boys|Academic|3|
|Haberdashers Girls|Creative Writing|1|
|Westbrook|Sport|1|
|Berkhamsted Girls|Academic|1|
|St Margaret’s Bushey|Sport|2|



Year 8 Leavers destinations are listed below: 

|Year 8 Destinations 2025|Number of Pupils|
|---|---|
|St Albans|4|
|Harrow|1|
|Merchant Taylors’ School|4|
|Repton|1|
|Wellington|1|
|Berkhamsted|1|
|St Margaret's School|2|



**Co-curricular Activities 2024-25** 

6 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT)** 

The extracurricular activities programme within the 47 acres of countryside of the school along with the number and diversity of age-appropriate outings experienced by pupils continues to be a huge strength moving forwards. 

Educational visits continue to be an integral part of the York House School curriculum and the school continues to thrive in its ability to provide a broad and enriching allround education. Pupils benefit from an extensive programme of activities, trips, and extra-curricular opportunities including the reinstatement of a ski trip to France and the addition of our first scuba-diving residential in Malta. Other visits have included cultural trips to the Tate and Royal Academy and those with a religious focus such as All Saint’s Church and Bhakti Vedanta Manor. York House’s Exceptional Performers programme also provides opportunities for the children to experience new experiences outside of the classroom. 

Our residential trips and overnight camp-outs continue to be well-attended and generously supported with strong staff participation. York House also benefits from regular external visitors who enhance the curriculum, and our sports programme remains active and varied, supported by a busy calendar of competitive fixtures and residentials. 

Pre-Prep offers a wide range of trips and visits from external organizations, providing children with diverse and enriching experiences. 

Our youngest pupils in Nursery had the exciting opportunity to meet our police services one morning. The children were thrilled to sit in the vans and explore the equipment. They also had a visit from a Small World Role Play company who set up a range of shops, cafes, hairdressers & construction site in the Archdale Hall. The children loved playing in each of the areas, developing their imaginative play and communication skills. 

Reception enjoyed a visit to All Saints Church in Croxley, where they learned about Easter—many of them experienced their first coach journey. Later in the summer term, they travelled to Knebworth House as part of their dinosaur topic. 

Year 1 explored Bhaktivedanta Manor to deepen their understanding of Diwali and Hinduism, followed by an educational trip to Bekonscot Model Village and a Science Workshop at school where the children got to take part in exciting experiments. 

Year 2 students had the chance to immerse themselves in their animal studies at Hobbledown Heath, and also visited Waddesdon Manor and the Roald Dahl Museum to support their learning across various subjects. 

We have again offered a huge range of both internal and external clubs across the year for our pupils, averaging 1.8 internal clubs for PP and 2.6 internal clubs for Years 3-8. Additional offerings including shot-gun shooting at Holland and Holland, Scuba diving sessions, mountain biking trips to Swinley Forest and coaching at Badminton England have again been very popular. 

We look forward to a ski trip next term, the re-introduction of ballet to the club’s programme and a trip to the Yonex Badminton Championships in Birmingham. 

It has been another productive year on the sports front with weekly sporting fixtures across the board in a wide range of sports, covering all ability levels. New sports such as water-polo and pop lacrosse have gone down well with the pupils with inter-school fixtures in both scheduled for after Christmas. 

7 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT)** 

Team success was enjoyed in the U11 boys’ football and hockey groups, who won the P4S tournaments at St. George’s Park and Bisham Abbey, while our U11 girl hockey players, made their own piece of history by reaching the quarter final stage of the IAPS regional tournament. 

Five pupils (2 girls, 3 boys) also gained major sporting scholarships to senior schools in the local area. New links with Southgate HC and OMT HC have also been formed while we continue to run three primary school events per term. 

## **Financial Review** 

In the year, average pupil numbers were 360 (2024: 402) pupils a 10% decrease on the prior year. Gross Fee Income was £6.15M (2024: £6.33M). Expenditure was £5.99M (2024; £6.32M). 

The Reserves Policy of the School is based on the School's objectives and an annual assessment of risk. Therefore, the School specifically aims to hold reserves for the following reasons: 

- To ensure support for those who have been offered assistance with fees – 5% of Fees 

- To provide one term’s working capital - £1.8M (excl. depreciation) 

- To build up a fund for the realisation of future capital development plans 

## **Public Benefit 2024-25 Supporting the local community** 

York House School is committed to supporting local state schools, children’s sports clubs, and youth organizations by welcoming them to our beautiful grounds and first-class facilities, and by sharing the knowledge and experience of our staff. Through these partnerships and events, we aim to strengthen our ties with the community and create valuable opportunities that inspire young people to grow, learn, and thrive. 

Our charitable work includes opening our facilities to local schools and Scouts groups, encouraging pupils to visit and assist at community centres or perform for residents, raising funds through various events, and many other activities that demonstrate our dedication to making a positive difference in the wider community. 

## **Local State Schools and International Support** 

York House School continues to support a large number of students from local schools and local Scouts groups. 

Over the course of the year, the following events have taken place at YHS. 

- Swimming squad used the YHS pool every Sunday morning 

- Vintage Film Enthusiasts come to the school to research the film that was filmed at the school grounds in 1976 – this happens annually. 

- Pony club tetrathlon (swim, shoot, run and race) – done once a year annually 

- YHS has engaged with almost 100 children from local Scout groups 

   - Batchworth Scouts has used our cyclocross and assault courses 

8 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT)** 

   - 1[st] Rickmansworth Scouts using the York House pool for kayaking and learning to swim 

- St. Paul’s C of E School and Little Green continued swimming at YHS weekly. Additionally, we have hosted galas and aquathlon events for several local schools. 

## **Sport** 

## **Autumn Term** 

- Three staff (JB, HD and LR) from YHS took part on the Thames Bridge 25km Trek on behalf of MacMillan Cancer Support. Through the support of YHS families and staff, they managed to raise £1102 for this charity. 

- Triathlon at YHS for all pupils in years 3 – 8. Around £130 was raised at this event. 

- MLL and WW hosted a cyclocross event in which local Scout groups were allowed to participate in the event. 

- Two different primary school hockey festivals as well as an U11 girls’ football tournament as part of our charitable work with primary schools were held at the school – 10 schools attended in total. 

- A girls primary schools football festival was held at the school which involved a number of different schools led by Mr Woodford and Miss Kelly. 

## **Spring Term** 

- YHS indoor challenge held at the school and attended by around 50 pupils – money raised for charity. 

- We held two primary schools’ badminton skills events in January and February. Three schools attended each session and we had 50 pupils taking part across the board. Each session ran for two hours. 

- A primary schools’ cross-country event in March which involved 10 different primary schools was held at the school. It was an hour’s event involving separate boys’ and girls’ races led by Mr Woodford 

## **Summer Term** 

- It was our fifteenth year of supporting ‘Great Athletes’ (previously known as ‘Sport for Schools’) and it is always a highlight of the term for our Year 1-8 pupils. This year we had GB star athlete and Olympian, Victoria Ohuruogu as our guest speaker which was amazing and she inspired our pupils to raise over £2000 towards the companies’ charity that support British athletes across the country 

- We ran an inaugural primary schools’ pop lacrosse skills festival in June which 4 schools attended and this was led by Mr Lopez. The session ran for 2 hours and we are looking to go bigger next year. 

## **Music** 

- Mr Biggs has helped support various local places by taking the Senior Choir to the Peace Hospice, where the children sang and played for the patients. 

- Senior Choir also visited the Blind Centre, where they sand and played for the people who attend the centre. 

9 



## **YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT)** 

- Through the House Day this term, money was raised for the Peace Hospice Watford. They had come to give a talk in an assembly to share the incredible work that they do. Money was also donated to this at the Autumn Music Concert. 

## **ICT** 

In the 2024-25 academic year, Mr Presky (Head of Computing) has led various presentations, collaborations and workshops around Digital Innovation, Strategy, AI, Online Safely, Assistive Technology and Curriculum Change. 

- Independent Schools Council SEN conference - AI and Assistive technology - ISC school 

- IAPS Digital Innovation online conference - The Future of Education - IAPS schools 

- IAPS Festival of Learning - Dragon School Oxford - IAPS schools and State Schools 

- York House - Online Safety workshop to families - with Sarah White, Sej Nathwani and Parent Zone - York House Families 

- IAPS Digital Innovation in person - Fostering a sustainable Digital Culture - Caterham School - IAPS schools 

- AI Innovation in the classroom article for Teaching Times publication - York House staff classroom case studies - Teaching Times subscribers 

- IAPS Digital Innovation Teach Meet online - with Sarah White, Rebecca Surrey, Sej Nathwani, Helen Davies, Fiona Davis and Manor Lodge staff, Tom Crowe - IAPS school 

## **Outdoor Education and Smallholding** 

- Year 5 campout for Sarratt and Little Green School for a Year 6 Outdoor Ed day as part of Sarratt's leavers programme. 

- In the Spring holidays, Mr Lopez completed a trilogy of Ultra Marathons and is currently raising money for Macmillan Cancer Support. The last of the three will be completed in December 2025. So far, he has raised £540 and this is still rising. 

## **Fundraising for local, national and global charities** . 

The total raised by the York House community in the 2024-25 academic year was £5746.94. 

## **Autumn Term ‘24** 

The whole school participated in supporting Rennie Grove Peace Hospice on 18[th] October 2025. This was a highly successful day, themed around ‘Inclusion’ in which pupils enjoyed a range of activities for House Day. The school raised £802.08 in total. 

We wore Christmas jumpers in December on the last day of term. We supported Save the Children. On this day, we raised £411.08 for such a brilliant cause and helped make Christmas that little bit more special for many children. 

The Harvest Festival assembly and donations collection that is done by Year 3 was done in September 2024. During this, they were able to gather in abundance of essential items that go a long way in supporting our local community at the Trussell Trust Rickmansworth Foodbank to greatly replenish any shortfalls they may have. 

EB – an old Yorkist, came to give us a talk about the Mary’s Meals Charity in which he explained to us about the wonderful work done by this charity. He provided envelopes and asked that the YHS community provide at least £19 in any currency) to help support this charity that provides children from around 16 countries with a locally owned school feeding programme. 

10 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT)** 

During our Christmas concert, which was held at the school, in which money was raised for Rennie Grove Peace Hospice, a total of £403 was raised for this charity. 

## **Spring Term ‘25** 

In the Spring Term, during our House Day, we supported Farms for City Children. Farms for City Children is a charity enabling children from disadvantaged communities to experience the adventure of working together on our farms in the heart of the British countryside.  On this House Day, we raised £1048.30 – an amount that has surely gone a long way in helping this incredible cause that allows pupils to have a similar experience to that which our community at YHS is privileged with all year round. 

## **Summer Term ‘25** 

In the Summer term, one of our pupils RB presented to the whole school about an incredible charity ‘Go Make a Difference’; a charity that works directly with rural communities in Africa to create real and lasting change. He spoke to us about the great work the charity does and also shared with us the work that he would be doing with them over the summer holidays and actually going out to Tanzania and helping the rural families in making a difference. He delivered an excellent and brilliantly informative presentation about this cause and spoke very confidently for a young boy in Year 6. For this charity, on our Summer Term House Day, we managed to raise £1329.74 for Go Make a Difference. 

The Outdoor Challenge done this term, also raised money for this charity, in which £110 was raised in addition to what was raised during House Day. 

Of note, we continued to offer a York House Just Giving Page for each fundraising activity, in addition to parents being able to send in cash donations. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Governors present their report and accounts for the year ended 31 August 2025. The accounts comply with the requirements of the Companies Act 2006, the Charities Act 2011, the Memorandum and Articles of Association and 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 (FRS 102) (effective 1 January 2015). 

## **GOVERNOR RECRUITMENT AND TRAINING** 

Governors are appointed on the basis of nominations received from members of the Board and others, based on specifications in line with the Trust’s objectives, eligibility, personal competencies, specialist skills and local availability. New and existing Governors are made aware of specialist training opportunities and new Governors receive induction in respect of Board Policies and Procedures, as well as familiarisation with current Strategic and Financial Planning. Governors also have regular visits to the School and generally familiarise themselves with school life. Most Governors also take an interest in and responsibility for a certain area, such as Health and Safety, Finance, Education, Special Needs and Early Years. To aid them in this they have regular meetings with those Teachers or other personnel who are directly involved in the areas concerned and, in some cases, chair termly meeting on the subjects. 

11 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) GOVERNORS’ REPORT (INCORPORATING THE STRATEGIC REPORT)** 

## **ORGANISATIONAL MANAGEMENT** 

The Governors, as the Trustees of the Charity, are legally responsible for the overall management and control of the School. To discharge this duty, they meet as a full Board at least three times a year. In addition, there are a number of Board Committees with specific responsibilities; these include: the Finance and General Purposes Committee, the Health and Safety Committee and the Education Committee. Sub-committees are set up as and when necessary for special areas such as building projects. 

The operational management of the School is delegated to the Headmaster, who together with the Bursar, is supported by the Senior Leadership Team. The Headmaster and Bursar attend all Board and Board Committee meetings. 

The remuneration of key management personnel is set as follows: the Headmaster’s and the Bursar’s remuneration, is set by the Board whilst the remuneration of the Deputy Headmaster is set by the Headmaster. This is carried out with the policy objective of rewarding individual contributions to the School’s success fairly and responsibly and providing incentives, as appropriate, to encourage enhanced performance. 

The School, through its officers, is represented on a number of relevant organisations including the Independent Association of Preparatory Schools (IAPS), the Independent Schools’ Bursars’ Association (ISBA) and the Association of Governing Bodies of Independent Schools. (AGBIS). 

## **RISK MANAGEMENT** 

The Board of Governors is responsible for the management of risks faced by the School. The Headmaster, Bursar and the Finance and General Purposes Committee identify and assess risks on an annual basis and implement controls to mitigate against these. Input is given by the Senior Leadership Team where necessary. 

A risk management document is in place and is reviewed by Governors on an ongoing basis to ensure that all foreseeable, major risks have been identified. Major risks are seen as follows: 

- Safeguarding issues – non-compliance or mishandling of Child Protection issues. 

- Issues arising from a poor inspection 

- Cyber attack 

- Political threat 

- Global pandemic – impact on teaching and learning as well as the financial implications for the school 

Where possible, these are managed appropriately by control procedures and monitoring processes as stated in the Risk Management document. It is, of course, recognised by the Governors that systems can provide reasonable but not absolute assurance that major risks have been adequately identified and managed. This document will be reviewed on an annual basis to ensure it is up to date with the next review to be completed by November 2025. 

Approved by the board and signed on their behalf by: 

Ms H Regan (Chair of Governors) ………………………….  Date:  ……………. 

12 



**(LIMITED BY GUARANTEE) STATEMENT OF GOVERNORS' RESPONSIBILITIES** 

## **YORK HOUSE SCHOOL TRUST LIMITED** 

The Governors, who are also the Directors for the purposes of company law, are responsible for preparing the Governors' Report (including the Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard in the UK and Republic of Ireland'. 

Company law requires the Governors to prepare financial statements for each financial year which give a true and fair view of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. 

In preparing these financial statements the Governors are required to: 

- select suitable accounting policies and apply them consistently; 

- observe the methods and principles of the Charities' SORP; 

- make judgements and estimates that are reasonable and prudent; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume 

- that the charitable company will continue in operation. 

The Governors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the accounts comply with the Companies Act 2006. They 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. 

13 



## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE)** 

## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS** 

We have audited the financial statements of York House School Trust Ltd (‘the charitable company’) for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and_ Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion, the financial statements: 

- give a true and fair view of the state of the charitable company’s affairs as at 31 August 2025 and of the charitable company’s net movement in funds, including the income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable  law.  Our  responsibilities  under  those  standards  are  further  described  in  the  Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Governors’ Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 

14 



## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE)** 

## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS** 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Governors’ Report (which incorporates the strategic report and the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Governors’ Report (which incorporates the strategic report and the directors’ report) has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Governors’ Report (which incorporates the strategic report and the directors’ report). 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept by the charitable company; or 

- the charitable company financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of Governors’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees for the financial statements** 

As explained more fully in the Governors’ responsibilities statement on page 13 the Governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Governors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the Governors are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor’s responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted  in  accordance  with  ISAs  (UK)  will  always  detect  a  material  misstatement  when  it  exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

15 



## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE)** 

## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS** 

Irregularities,  including  fraud, are  instances  of  non-compliance  with  laws  and regulations.  We  design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to ISI regulations, safeguarding regulations, health and safety law, GDPR and employment law and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the Charities Act 2011, and payroll tax. 

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included: 

- Inspecting correspondence with regulators and tax authorities; 

- Discussions with management including consideration of known or suspected instances of noncompliance with laws and regulation and fraud; 

- Evaluating management’s controls designed to prevent and detect irregularities; 

- Identifying and testing journals; and 

- Challenging  assumptions  and  judgements  made  by  management  in  their  critical  accounting estimates. 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 

…………………………………………………. Thomas Wilson (Senior Statutory Auditor) for and on behalf of HaysMac LLP, Statutory Auditors 

10 Queen Street Place London EC4R 1AG 

16 



Date:
17

## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE)** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **(INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025** 

|**Notes**<br>**INCOME FROM:**<br>Investments<br>Charitable actvites<br>**6**<br>**Total income**<br>**EXPENDITURE ON:**<br>Raising funds<br>Charitable actvites<br>**Total expenditure**<br>**7**<br>**Net income for the year / net movement in**<br>**funds**<br>Fund balances brought forward<br>**Fund balances carried forward**|**Unrestricted**<br>**Restricted**<br>**Total**<br>**Total**<br>**Funds**<br>**Funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>43,135<br>-<br>43,135<br>19,049<br>6,105,160<br>-<br>6,105,160<br>6,309,680<br>6,148,295<br>-<br>6,148,295<br>6,328,729<br>177,747<br>-<br>177,747<br>196,836<br>5,815,700<br>-<br>5,815,700<br>6,122,085<br>5,993,447<br>-<br>5,993,447<br>6,318,921<br>154,848<br>-<br>154,848<br>9,808<br>4,369,815<br>-<br>4,369,815<br>4,360,007<br>4,524,663<br>-<br>4,524,663<br>4,369,815|
|---|---|



All income and gains for the year are recognised above. All of the school's activities are classed as continuing. 

The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 

18 



**Company Number** 

**00678091** 

## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE)** 

## **BALANCE SHEET** 

**AS AT YEAR ENDED 31 AUGUST 2025** 

|**Notes**<br>**FIXED ASSETS**<br>Tangible Assets<br>**9**<br>**CURRENT ASSETS**<br>Debtors<br>**10**<br>Cash at bank and in hand<br>**CURRENT LIABILITIES**<br>Creditors due within one year<br>**11**<br>**NET CURRENT ASSETS/ (LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**LONG TERM ASSETS/ (LIABILITIES)**<br>Creditors due afer one year<br>**12**<br>**NET ASSETS**<br>**REPRESENTED BY:**<br>Unrestricted general funds|2025<br>2024<br>7,708,875<br>8,318,340<br>2,184,988<br>349,581<br>919,156<br>1,203,153<br>3,104,144<br>1,552,734<br>(2,940,065)<br>(1,523,134)<br>164<br>29,600<br>8,347,940<br>(3,348,291)<br>(3,978,125)<br>4,369,815<br>4,369,815<br>4,369,815|
|---|---|
|||



The accounts were approved by the board and signed on their behalf by: 

………………………………………………… Ms H Regan (Chairman) 

Date:……………………………………….. 

19 



## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE)** 

## **CASH FLOW STATEMENT** 

## **AS AT YEAR ENDED 31 AUGUST 2025** 

||**Notes**|||**2025**||**2024**||
|---|---|---|---|---|---|---|---|
||||**£**|**£**|**£**|**£**||
|**Cash fows from operatng actvites:**||||||||
|**Net income for the year**||||154,848|9,808|||
|**Adjustments for:**||||||||
|Depreciaton charges||||270,196|271,099|||
|Interest paid on loan||||176,954|196,341|||
|Dividends, interest and rents from investments||||(43,135)|(19,049)|||
|(Increase)/ decrease in debtors|||(1,343,274)||12,404|||
|Increase/ (Decrease) in creditors (excluding compositon||||1,425,227|(201,059)|||
|fees)||||||||
|**Net cash provided by/(used in) operatng actvites**||||640,816||269,544||
|**Cash fows from investng actvites:**||||||||
|Dividends, interest and rents from investments||||43,135|19,049|||
|Purchase of tangible fxed assets||||(152,864)|(219,348)|||
|**Net cash provided by/(used in) investng actvites**||||(109,729)||(200,299)||
|**Cash fows from fnancing actvites:**||||||||
|Interest paid on loan||||(176,954)|(196,341)|||
|Repayments of borrowing||||(158,546)|(142,313)|||
|(Decrease)/ increase in compositon fees||||(479,584)|1,090,134|||
|**Net cash provided by/(used in) fnancing actvites**||||(815,084)||751,480||
|Change in cash and cash equivalents in the year||||(283,997)||820,725||
|**Cash and cash equivalents at the beginning of the year**|||||1,203,153|382,428||
|**Cash and cash equivalents at the end of**|**the year**|||919,156|||1,203,153|
|**Analysis of cash and cash equivalents**||||||||
|Cash at bank and in hand||||919,156|||1,203,153|
|**Total cash and cash equivalents**||||919,156|||1,203,153|
|**Analysis of changes in net debt**||||||||
||**At 1 September**<br>**2024**|**Cash fows**||**Non-cash**<br>**movement**|**At 31**|**August 2025**||
||£|£||£|£|||
|**Cash and cash equivalents**||||||||
|Cash|1,203,153||(283,997)||-|919,156||
||1,203,153||(283,997)||-|919,156||
|**Borrowings**||||||||
|Debt due within one year|(142,313)|||158,546|(174,779)|(158,546)||
|Debt due afer one year|(2,780,235)|||-|174,779|(2,605,456)||
|Compositon fees due within one year|(503,566)|||(15,827)|81,306|(438,087)||
|Compositon fees due afer one year|(1,010,664)|||-|414,105|(596,559)||
||(4,436,778)|||231,078|407,052|(3,798,648)||
|||||||||
|**Total**|(3,233,625)|||(52,919)|407,052|(2,879,492)||



19 



**(LIMITED BY GUARANTEE)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **1 STATUTORY INFORMATION** 

The charity is a charitable company, limited by guarantee, registered in England and Wales. The registered office, company number and charity number are detailed in the Legal and Administrative Information. 

## **2 ACCOUNTING POLICIES** 

## **2.1 Basis of preparation** 

The financial statements have been prepared under the Companies Act 2006 and in accordance with the Charities' Statement of Recommended Practice (SORP (FRS102)) and Financial Reporting Standard 102. 

The charitable company meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at cost or transaction value unless otherwise stated in the relevant accounting policy. 

After reviewing the charity's forecasts and projections, the governors have a reasonable expectation that the school has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the  going concern basis in preparing its financial statements. 

## **2.2 Income** 

Fees receivable and charges for services, less any allowances, scholarships and bursaries granted by the school against those fees are accounted for net of VAT in the period in which the service is provided. Where fees are received for a future service period they are included in deferred income, including those fees received under an advance fee payment scheme. 

Investment income is accounted for on an accruals basis. 

Donations, grants and other voluntary income are accounted for as and when entitlement arises, the amount can be reliably measured and the economic benefit is considered probable. 

Where a donor or an appeal has imposed restrictions the income is credited to a restricted fund. 

## **2.3 Expenditure** 

Expenditure is accounted for on an accruals basis with irrecoverable VAT included with the item to which it relates. 

Governance costs include those costs associated with meeting the constitutional and statutory 

requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. 

All costs are allocated between expenditure categories and departments on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. 

20 



**(LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **2.4 Tangible fixed assets and depreciation** 

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: 

Freehold land is not depreciated - Freehold buildings 2% straight line - Fixtures, fittings and equipment 10% reducing balance Motor vehicles - 25% reducing balance 

Minor items of capital expenditure up to £500 are written off to the Statement of Financial Activities as incurred. 

## **2.5 Leasing commitments** 

Rentals paid under operating leases are charged against income on a straight line basis over the period of the lease. 

## **2.6 Pensions** 

The school fully withdrew from the Teachers’ Pension Scheme (TPS) on 1[st] September 2024 (having previously entered phased withdrawal on 1[st] October 2022). All teaching staff that remaining in the TPS were enrolled into the Aviva Pension Trust for Independent Schools (“APTIS”). 

Support staff pension schemes are with Royal London. 

## **2.7 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short term highly liquid investments. The Governors seek to use short and medium term deposits where possible to maximise the return on monies held at the bank and to manage cash flow. 

## **2.8 Debtors** 

Trade and other debtors are recognised at the settlement amount due. 

21 



**(LIMITED BY GUARANTEE)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **2.9 Creditors and provisions** 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. 

## **2.10 Fund accounting** 

Unrestricted funds comprise those funds which can be used in accordance with the charitable objects at the discretion of the Governors. 

Designated funds comprise those funds set aside by the Governors out of general funds for specific purposes or projects. 

Restricted funds are those funds that can only be used for particular restricted purposes in accordance with the wishes of the donor or when funds are raised for particular restricted purposes. 

## **3 TURNOVER** 

The turnover of the charity is wholly attributable to the objects of the charity as stated in the Governors' Report and is earned entirely within the UK. 

## **4 NET INCOME/(EXPENDITURE)** 

This is stated after charging: 

|**NET INCOME/(EXPENDITURE)**<br>|||
|---|---|---|
|his is stated afer charging:|**2025**|**2024**|
||**£**|**£**|
|Operatng lease payments|90,949|90,949|
|Depreciaton|270,196|271,099|
|Auditors' remuneraton - audit services|17,600|16,500|
|Auditors' remuneraton - non-audit services|2,250|1,900|



## **5 TAXATION** 

The charitable company is registered as a charity and all of its income falls within the exemptions under Part 11 of the Corporation Tax Act 2010. 

22 



## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **6 INCOME FROM CHARITABLE ACTIVITIES** 

|Gross school fees<br>less bursaries and allowances<br>Net school fees<br>Add:<br>Registraton fees<br>Fees in lieu of notce<br>Other ancillary income<br>Recharged income|**TOTAL**<br>**TOTAL**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>5,947,792<br>6,253,629<br>(255,889)<br>(244,817)<br>5,691,903<br>6,008,812<br>7,163<br>5,596<br>14,744<br>7,991<br>247,450<br>133,625<br>143,900<br>153,656<br>6,105,160<br>6,309,680|
|---|---|



23 



## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 AUGUST 2025** 

|**7 ANALYSIS OF**||||||
|---|---|---|---|---|---|
|**EXPENDITURE**|**Staf**|**Depreciaton**|**Other**|**Total**|**Total**|
|**2025 Charitable actvity**|**Costs**||**costs**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|**£**|
|**Cost of raising funds:**||||||
|Financing costs|-|-|177,747|177,747|196,836|
|**Total cost of raising**|-|-|177,747|177,747|196,836|
|**funds**||||||
|**Charitable expenditure**||||||
|**Educaton**||||||
|Teaching|3,223,817|97,026|271,018|3,591,861|3,663,085|
|Welfare|-|-|403,354|403,354|406,235|
|Premises|152,950|173,170|486,674|812,794|1,187,799|
|Support and governance|512,324|-|495,367|1,007,691|864,966|
|**Total charitable**|3,889,091|270,196|1,656,413|5,815,700|6,122,085|
|**expenditure**||||||
|||||||
|**Total expenditure**|3,889,091|270,196|1,834,160|5,993,447|6,318,921|
||**Staf**|**Depreciaton**|**Other**|**Total**|**Total**|
|**2024 Charitable actvity**|**Costs**||**costs**|**2024**|**2023**|
||**£**|**£**|**£**|**£**|**£**|
|**Cost of raising funds:**||||||
|Financing costs|-|-|196,836|196,836|180,676|
|**Total cost of raising funds**|-|-|196,836|196,836|180,676|
|**Charitable expenditure**||||||
|**Educaton**||||||
|Teaching|3,243,527|88,558|331,000|3,663,085|3,416,780|
|Welfare|-|-|406,235|406,235|378,382|
|Premises|135,441|182,541|869,817|1,187,799|908,483|
|Support and governance|462,699|-|402,267|864,966|741,946|
|**Total charitable**|3,841,667|271,099|2,009,319|6,122,085|5,445,592|
|**expenditure**||||||
|||||||
|**Total expenditure**|3,841,667|271,099|2,206,155|6,318,921|5,626,268|



24 



## **YORK HOUSE SCHOOL TRUST LIMITED** 

## **(LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

|**Analysis of support and governance costs:**<br>Governance costs:<br>Auditors remuneraton for audit services<br>Total governance costs<br>Support costs:<br>Auditors' remuneraton for non-audit services<br>Support staf wages, natonal insurance and pension<br>Caretaking and cleaning<br>Sofware and licenses<br>Minibuses and coaches<br>Marketng and publicatons<br>Consultancy and legal fees<br>York House Foundaton expenses<br>Other support costs|**2025**<br>**£**<br>**2024**<br>**£**<br>17,600<br>16,500|
|---|---|
||17,600<br>16,500<br>2,250<br>1,900<br>512,324<br>158,912<br>50,363<br>44,850<br>35,903<br>50,517<br>31,217<br>462,699<br>158,561<br>58,582<br>51,095<br>30,611<br>37,055<br>15,331<br>103,754<br>32,632|
||1,007,690 864,966|



25 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **8 STAFF COSTS** 

The average monthly headcount was – 79 staff (2024: 85 staff) and the average monthly number of full time equivalent employees during the year was: 

|Teaching<br>Premises<br>Support<br>The aggregate payroll costs for the year were as follows:<br>Wages and salaries<br>Social security costs<br>Pension costs|**2025**<br>**Number**<br>**2024**<br>**Number**<br>58<br>63<br>4<br>5<br>10<br>8|
|---|---|
||72<br>76|
||**2025**<br>**£**<br>**2024**<br>**£**<br>3,215,923<br>3,027,198<br>356,730<br>318,643<br>316,438<br>495,826|
||3,889,091<br>3,841,667|



None of the governors received any remuneration or other benefits from the school or any connected body. 

Staff earning in excess of £60,000 per annum in the following bands are: 

||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|£60,000 - £69,999|8|4|
|£70,000 - £79,999|1|-|
|£80,000 - £89,999|2|1|
|£140,000 - £149,999|1|1|
||**12**<br>|**6**|



Of the employees whose emoluments exceed £60,000 – 12 (2024: 6) have benefits accruing under pension schemes.  Contributions payable by the company to those schemes for higher paid employees were: 

|Pension contributons|**2025**<br>**£**<br>**2024**<br>**£**<br>85,380<br>51,048|
|---|---|
||85,380<br>51,048|



26 



## **YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

The key management personnel of the school are detailed in the Governors' Report and Legal and Administrative Information. 

|Aggregate employee benefts of key management personnel<br>(including employer natonal insurance contributons and employer<br>pension contributons)|**2025**<br>**2024**<br>**£**<br>587,843<br>**£**<br>540,001|
|---|---|
|||



Termination payments were made during the year totalling £19,688 (2024: £Nil). 

## **9 TANGIBLE FIXED ASSETS** 

|**Cost**<br>At 1 September 2024<br>Additons<br>Capital goods scheme adjustment<br>Pre registraton VAT adjustment<br>At 31 August 2024<br>**Depreciaton**<br>At 1 September 2024<br>Charge for year<br>Accumulated depreciaton on disposals<br>At 31 August 2025<br>**Net Book Value**<br>At 31 August 2025<br>At 31 August 2024|**Freehold**<br>**Property**<br>**£**<br>**Fixtures &**<br>**Fitngs**<br>**£**<br>**Total**<br>**£**<br>9,243,409<br>1,707,584<br>10,950,993<br>1,819<br>232,769<br>234,588<br>(492,134)<br>-<br>(492,134)<br>(29,703)<br>(52,021)<br>(81,724)|
|---|---|
||8,723,392<br>1,888,333<br>10,611,724|
||1,744,819<br>887,834<br>2,632,653<br>173,170<br>97,026<br>270,196<br>-<br>-<br>-|
||1,917,989<br>984,860<br>2,902,849|
||**6,805,403**<br>**903,473**<br>**7,708,875**|
||7,498,590<br>819,750<br>8,318,340|



27 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **FOR THE YEAR ENDED 31 AUGUST 2025** 

## **10 DEBTORS** 

|**DEBTORS**||
|---|---|
|Trade debtors<br>Prepayments and accrued income<br>Other debtors<br>Capital goods scheme VAT debtor: due within one year<br>Debtors due within one year<br>Capital goods scheme VAT debtor: due afer one year<br>Debtors due afer one year|**2025**<br>**2024**<br>**£**<br>**£**<br>1,509,635<br>182,106<br>131,354<br>120,497<br>51,866<br>46,978<br>70,305<br>-|
||1,763,160<br>349,581|
||421,829<br>-|
||421,829<br>-|
||2,184,988<br>349,581|



In prior periods, fee invoices raised for the following Autumn were not due until the first day of term and were therefore netted off against the associated fees in advance income. For 2025/26, as VAT invoices have been issued before the year end, this creates a tax point meaning amounts are owed at the time of sending. Therefore there has been a change in treatment to reflect this change and both the fee debtors and associated fees in advance are recognised gross. 

## **11 CREDITORS: due within one year** 

|Bank loan (see note 13)<br>Trade creditors<br>Other creditors<br>Accruals<br>Fees in Advance<br>Compositon fees (see note 14)<br>Deposits<br>Other taxes and social security|**2025**<br>**2024**<br>**£**<br>**£**<br>158,546<br>142,313<br>242,346<br>233,519<br>49,902<br>56,860<br>34,740<br>20,000<br>1,630,658<br>470,082<br>438,087<br>503,566<br>4,725<br>19,425<br>381,061<br>77,369<br>2,940,065<br>1,523,134|
|---|---|



Fees in advance represent fees received for the Autumn term 2025 and some for the whole of the 2025/26 academic year. 

28 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **FOR THE YEAR ENDED 31 AUGUST 2025** 

## **12 CREDITORS: due after one year** 

|Deposits<br>Compositon fees (see note 14)<br>Bank Loan|**2025**<br>**2024**<br>**£**<br>**£**<br>146,276<br>187,226<br>596,559<br>2,605,456<br>1,010,664<br>2,780,235<br>3,348,291<br>3,978,125|
|---|---|



Fees in advance (long term) represent fees received for academic years 2026/27 and beyond. 

## **13 BANK LOANS** 

|Bank loans are repayable in capital instalments as follows:<br>Less than one year<br>Between one & fve years<br>Over fve years|**2025**<br>**2024**<br>**£**<br>**£**<br>158,546<br>142,313<br>634,185<br>569,252<br>1,971,271<br>2,210,983<br>2,764,002<br>2,922,548|
|---|---|



The School has two long term repayment loans. 

Loan 1: Interest is charged on the loan at 2.80% per annum over the Bank of England base rate. The loan is repayable after a 15 year term. The total balance repayable on this loan at year end is £1,399,810. 

Loan 2: Interest is charged on the loan at a fixed rate of 4.99% per annum. The rate is fixed for a 5 year term. The loan is repayable over a 15 year term. The total balance repayable on this loan at year end is £1,364,192. 

The bank loans are secured by a first legal mortgage over the freehold property known as Redheath House, Croxley Green, Rickmansworth, Hertfordshire, WD3 4LW, as well as fixed and floating charges over all the assets and undertakings including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future. 

29 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **FOR THE YEAR ENDED 31 AUGUST 2025** 

## **14 COMPOSITION FEES** 

Parents may enter into a contract whereby, on payment of a lump sum, the School guarantees a sum to be set against future school fees. Assuming pupils remain in the School, composition fees will be applied as follows: 

|Within one year<br>Within one to two years<br>Within two to fve years<br>The movements during the year were as follows:<br>As at 1 September 2024<br>New contracts<br>Refunded<br>Amounts utlised in payment of fees to the School<br>As at 31 August 2025|**2025**<br>**2024**<br>**£**<br>**£**<br>438,087<br>503,566<br>444,069<br>429,802<br>151,856<br>580,862<br>1,034,012<br>1,514,230<br>**2025**<br>**2024**<br>**£**<br>**£**<br>1,514,230<br>424,096<br>88,359<br>1,221,215<br>(72,532)<br>-<br>(496,045)<br>(131,081)<br>1,034,012<br>1,514,230|
|---|---|



## **15 COMMITMENTS UNDER OPERATING LEASES** 

At 31 August 2025 the company had total commitments under non-cancellable operating leases payable as follows: 

|Within one year<br>Between one and fve years|**2025**<br>**2024**<br>**£**<br>**£**<br>65,367<br>65,367<br>84,555<br>149,922|
|---|---|
||149,922<br>215,289|



Lease payments recognised as an expense in the year amount to £90,949 (2024: £90,949). 

30 



**YORK HOUSE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **FOR THE YEAR ENDED 31 AUGUST 2025** 

## **16 PENSION COMMITMENTS** 

The School fully withdrew from the Teachers Pension Scheme (“TPS”) on 1[st] September 2024 (having previously entered phased withdrawal on 1[st] October 2022). All teaching staff that remained in the TPS were enrolled into the Aviva Pension Trust for Independent Schools (“APTIS”) and any existing staff who opted to join the scheme. The pension charge for the year includes contributions payable to APTIS of £28,176 (2024: £6,446) and at the year-end £nil (2024: £nil) was accrued in respect of contributions to the scheme. 

Support staff are enrolled into the Royal London pension scheme. The pension charge for the year includes contributions payable to Royal London of £92,834 (2024: £68,058) and at the year-end £28,176 (2024: £6,445) was accrued in respect of contributions to the scheme. 

## **17 CAPITAL COMMITMENTS** 

Capital commitments at the year-end in respect of building works totalled £nil (2024: £nil). 

## **18 SHARE CAPITAL AND CONTROL** 

The charity is limited by guarantee and does not have a share capital. In the event of a winding up each member guarantees to contribute an amount of no more than £1. 

## **19 RELATED PARTIES** 

The school has taken advantage of the exemptions under the Charities' Statement of Recommended Practice (SORP (FRS 102)) not to disclose services provided on a voluntary basis by governors, contracts of employment between the school and its employees, and the repayment of out-of-pocket expenses where the governors have acted as agent for the school. 

Donations from governors to the School totalled £8,000 in 2025 (2024: £nil). 

31