**REGISTERED COMPANY NUMBER: 00770891 (England and Wales) REGISTERED CHARITY NUMBER: 312044**
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 AUGUST 2025**
Shaw Gibbs Audit Ltd Wey Court West Union Road Farnham Surrey GU97PT
**KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 August 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|8|
|**Report of the Independent Auditor**|9|to|12|
|**Statement of Financial Activities**||13||
|**Balance Sheet**||14||
|**Cash Flow Statement**||15||
|**Notes to the Cash Flow Statement**||16||
|**Notes to the Financial Statements**|17|to|28|
|**Detailed Statement of Financial Activities**|29|to|31|
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 August 2025**
## INTRODUCTION
The Board of Governors (who are trustees for the purpose of charity law and directors for the purposes of company law) present their annual report for the year ended 31st August 2025 prepared under the regulations of the Companies Act 2006, the Charities Act 2011, together with the audited financial statements for the year and confirm that the latter comply with the requirements of the Companies Act 2006 and the company's memorandum and articles of association and the Charities SORP, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102).
The report of the governors includes the information required to be disclosed under company law in the director's report.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing Document
The School was founded in 1899 and became a charitable trust in 1963. It is governed by its memorandum and articles of association.
## Governing Body
Governors are elected at a meeting of the Board of Governors and all new governors are invited to become members of the charitable company. Careful consideration is given to the appointment of governors and individuals are approached where there is a need for particular skills. All key areas of responsibility are adequately covered by the existing Board of Governors.
## Governors
All governors give of their time freely and no remuneration or expenses were paid in the year. No governor or person connected with a governor received any benefit from either means tested bursaries or scholarships awarded to any pupils.
## Governors' training
New governors are well briefed about the School and its procedures and policies. A detailed induction process is in place and includes a file containing all relevant aspects of the School (such as the prospectus, memorandum and articles, and the latest inspection report), together with the AGBIS handbook and training details. Governors visit the School during the term to gain an understanding of teaching methods. They also attend seminars and training events when appropriate to keep up to date about governance, safeguarding and other developments. .
## Organisational Management
The governors determine the strategic policy of the School and review its overall management and control for which they are legally responsible. The full governing body meets at least once a term and more often if required. In addition, the Finance, Health, Safety and Welfare, Marketing, Academic and Pastoral sub-committees meet termly and report back to the main governing body. The day to day management of the School is delegated to the Head who is well supported by other members of the senior leadership team.
## Pay Policy for Senior Staff
The Head, Bursar and senior teaching staff comprise the key management personnel of the School. Remuneration of the Head and Bursar is reviewed annually in accordance with their contracts of employment, and is benchmarked against schools of similar size in the locality.
Remuneration of senior teaching staff is reviewed annually and benchmarked against national scale rates for teaching staff of equivalent experience, seniority and responsibility.
## Risk Management
The Board of Governors is responsible for the management of risks faced by the School. The risk register and policy is reviewed by a sub-committee of governors and senior staff, who report annually to the Board of Governors. Risks are identified, assessed and controls applied throughout the year.
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**KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 August 2025**
## Principal Activity
The principal activity of the charity continues to be the provision of an education for boys and girls from age 7 up to the age of 16+. As well as providing excellent education, the charity provides pastoral care of the highest possible calibre.
## OUR AIMS
Kingswood House is committed to safeguarding and promoting the welfare of children: o Staying safe
o Being healthy o Enjoying and achieving o Making a positive contribution o Social and economic well-being
## Kingswood House aims to:
o Develop the individual abilities of each child in a secure, caring and friendly environment where they are happy and motivated to learn and to appreciate the benefits of healthy living and physical fitness.
o Encourage participation, enjoyment and success in all areas of the School's curriculum to create a well-rounded, confident child who shows respect, tolerance and compassion towards people and the environment.
o Help children develop self-worth and maturity so they are equipped to deal with life's challenges and are prepared for the next stage of their education.
o Create a strong partnership between parents, children and staff to foster social awareness and to allow all members of the School community to feel valued and appreciated.
## OUR OBJECTIVES
Our objectives are set to reflect our educational aims and the ethos of the School. It is important to us that we maintain and enhance the academic success of the School. This objective is, however, set in the context of the broader goals we set for the School and its pupils.
In setting our objectives and planning our activities our governors have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee-charging.
## Our key objectives for the year included:
o To enhance and improve the education and social development of every child in an individual manner such that they achieve their maximum potential;
o To continue to establish the School as an attractive 7-16 option for pupils in the local community;
o To embed co-education throughout the academic and co-curricular provision;
o To continue to develop the first class pastoral care we provide for pupils;
o To provide continuing support of our pupils already in receipt of fee assistance through bursaries; and if possible increase the provision of means tested bursaries for next year's intake of pupils;
o To continue to improve the facilities and resources available to the pupils and staff.
## OUR ETHOS, STRATEGY AND POLICIES
## Strategy
Our governors are responsible for setting a strategy for achieving the objectives they have set. The focus of our strategy is to create and maintain a secure and friendly environment where pupils are happy and well-motivated to learn from the wide range of opportunities presented to them. With an individual approach for each pupil, the objective is to maximise their academic potential and other abilities, develop self-discipline, social awareness and self-esteem.
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## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 August 2025**
The strategy for achieving these aims is the provision of small class sizes from the earliest stage, staffed by high quality teachers with support from a wide range of in-house specialists in learning development, with access to the most appropriate facilities undertaken within a broad and challenging curriculum.
In taking forward our strategy we also plan to:
o Invest in technology and the infrastructure of our School;
o Co-operate and share resources with local schools;
o Review and develop our approach to awarding bursaries/scholarships to widen access to pupils from all backgrounds; o Embed co-education;
o Consider expansion of GCSE options as well as other options and;
o Embrace technology as a working part of teaching and learning via a Chromebook programme.
Our ethos: a caring School serving our local community and society.
Kingswood House School is a charitable trust which seeks to benefit the public through the pursuit of its stated aims. Our fees are set at a level to ensure the financial viability of our School and at a level that is consistent with our aim of providing a first-class education for all our pupils.
Our School welcomes pupils from all backgrounds. To admit a prospective pupil, we need to be satisfied that our School will be able to educate and develop a prospective pupil to the best of their potential and in line with the general standards achieved by their peers. Entrance interviews and assessments are undertaken to satisfy ourselves and parents that potential pupils can cope with the pace of learning and benefit from the education we provide. An individual's economic status, ethnicity, race, religion or disability do not form part of our assessment processes.
We are an equal opportunity organisation and are committed to a working environment that is free from any form of discrimination on the grounds of protected characteristics, including and not limited to: age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or beliefs, sex or sexual orientation. We will make reasonable adjustments to meet the needs of staff or pupils who are or become disabled.
Our School is committed to safeguarding and promoting the welfare of our pupils and expects all staff and volunteers to share this commitment.
## Access policy
It is important to us that access to the education we offer is not restricted to those who can afford our fees. We believe our pupils benefit from learning within a diverse community. A great deal of learning occurs through social interaction, conversation and shared experiences which helps our pupils develop an understanding of the perspectives of other people that will be vital in their adult lives. Our bursary policy contributes to a widening of access to the education we offer and the facilities we enjoy. We are also hoping to establish more teaching links with local schools.
## Bursary policy
The governors view our bursary awards as important in helping to ensure children from families who would otherwise not be able to afford the fees can access the education we offer. Our bursary awards are available to all who meet our general entry requirements and are made solely on the basis of parental means or to relieve hardship where a pupil's education and future prospects would otherwise be at risk, for example, in the case of redundancy. In assessing means we take a number of factors into consideration including family income, investments and savings and family circumstances for example dependant relatives and the number of siblings. However, the School does not have any endowment or bursary funds so the awards have to be met out of current income. In funding them we have to be mindful of ensuring a balance between fee-paying parents, many of whom make considerable personal sacrifices to fund their child's education, and those benefiting from the awards.
In the past year we have provided financial help to 79 pupils in the School by way of scholarships,bursaries and sibling discounts.
Details of the bursaries available can be found on the website.
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**KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES for the year ended 31 August 2025**
## REVIEW OF ACHIEVEMENTS FOR THE YEAR
## Operational Performance
The School continued to embed the exciting developments of recent years, namely the further development of co-education following the introduction of girls in 2021. Over what for a few years have been challenging times for many schools in the independent sector, the School has maintained numbers north of 200, which is pleasing with potentially challenging times ahead. The personalised provision of education at Kingswood House is undoubtedly appreciated by parents who have maintained their trust in the School, as well as new parents buying into the School's deserved reputation for possessing a caring and supportive learning environment. We are confident that it is because of the personalised style of education at the School and our deserved reputation for pastoral care, that numbers remain solid and we have not seen the fluidity in numbers that some schools are experiencing.
Under the Head's leadership, we have seen positive change throughout the school, including embarking upon new options for GCSE including BTEC Music Tech and Business Enterprise. Through the year the School invested in the PE department, and appointed a Head of Girls' PE for the first time as well as reopening the school climbing wall with relevant training for staff to further enhance sport and games provision. The School also invested heavily in equipment to enhance the experience of our pupils. In particular, the School installed a "Robotics lab" within the IT Suite: a bright, open space conducive to learning the basics of programming and robotics in conjunction with a broader curriculum.
## FINANCIAL REVIEW AND RESULTS FOR THE YEAR
## Fundraising
Fundraising for the School was organised mainly by current parents of the School. The Kingswood House Association is run by a hard-working committee of parents who continue to arrange social events for parents and pupils and fundraise for the benefit of the pupils, which includes sporting equipment and Christmas activities. The governors are extremely grateful for the energetic and enthusiastic activities of these parents whose efforts add significantly to the facilities in the School.
The School has also appointed a Head of Development who is progressing with an Alumni Programme and at the end of the academic year set up a deposit donation option for Year 11 leavers, the raised funds was used to install a striking Aquarium in the reception / entrance to the greater benefit for the profile of the children at the School.
## Investment Performance
Surplus funds are kept in suitable interest-bearing accounts, with £36,714 (2024: £25,348) being received in interest during the year.
## Results
The results for the year show income from tuition fees of £4,159,221 (2024: £4,132,155) and a net deficit of £228,244 (2024: net deficit of £256,531). This gives a surplus to carry forward of £2,205,713 (2024: £2,433,957) of which £2,150,414 (2024: £ 2,378,658) is in the General fund and £55,299 (2024: £55,299) is in the Development fund.
Scholarships, bursaries and discounts totalled £410,026 (2024: £341,912) of which bursaries and scholarships amounted to £326,037 (2024: £261,339) and discounts £83,989 (2024: £80,573). The Bursary scheme is available for pupils whose parents are having financial difficulty and each case is assessed separately giving particular attention to the benefits of the child.
Scholarships are given to exceptional students, both external and internal, following successful completion of the Scholarship exam.
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## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 August 2025**
## THE RESERVES POLICY
The policy of the governors is to maintain adequate free reserves by means of appropriate financial management consistent with the development and improvement of the resources of the School.
The level of reserves is reviewed at least annually.
## COMMUNITY RELATIONS AND CHARITABLE DONATIONS
During the year many charities approach us to support their needs. It is our policy to support charities that work with children, whenever we can. Our main fundraising comes from our "House Days". The pupils in each House put forward and speak to their peers and staff members about charities that they felt passionate about and the House voted on which one they would like to support. They organised a fun day with activities and games at lunch time.
We supported various other charities throughout the year:
First Touch
## NPCC
Crisis UK
Young Minds - Mental Health Awareness Day
Macmillan Cancer Support - Coffee Morning
Epsom & Ewell Food Bank - Harvest Festival Donations
Save the Children - Christmas Jumper Day
The Royal British Legion - Poppy Appeal
## PUBLIC BENEFIT
The governors have complied with the duty required by the Charities Act 2011 with regard to the public benefit guidance published by the Charities Commission.
As an important part of the School's functions we audit on an annual basis the public benefit provided by our School.
The governors have complied with the duty required by the Charities Act 2011 with regard to the public benefit guidance published by the Charities Commission.
As an important part of the School's functions we audit on an annual basis the public benefit provided by our School.
1. During the School year from September 2024 to August 2025 we educated 220 children including 100% bursaries for 3 Ukrainian pupils.
2. The standards of our education are reviewed against national benchmarks and our education exceeds those benchmarks.
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**KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 August 2025**
3. The School has a special interest in educating children with special educational needs, including dyslexia, speech and language difficulties and gifted children, and is recognised as providing tuition in this area, which is excellent by national standards. We educated 31 children in the year who have an Education and Health Care Plan, 18 of whom have their School fees paid for by the relevant County Council. We are a member of The National Association of Able Children (NACE) and are registered with Crested (Council for the Registration of Schools teaching dyslexic pupils).
4. As a matter of policy, we provide access to our education to children from less affluent backgrounds. In the past year we have provided financial help to 79 pupils in the School, at a cost of £410,026 which includes discounts, bursaries and scholarships and amount to 8.9% of fee income and 8.6% of the total fee income.
5. We have continued to educate 3 boys from the Ukraine on a full bursary.
6. We ran holiday activity courses for 8 weeks during the year for our pupils, their family, friends and neighbours.
7. We share sports and other facilities with local schools and members of the general public.
8. We have a good relationship with local groups/clubs/schools who allow us the use of their facilities.
9. We contribute to the local community in a variety of ways:
o We support the Royal British Legion by selling poppies prior to Remembrance Day.
o Produce from our annual Harvest Festival is given to Epsom & Ewell Food Bank.
o We invite local residents for a coffee morning each year.
o We support many local businesses by using their services such as tree surgeons, builders, roofers, plumbers and electricians.
o We use the services of many local business for training which includes minibus and fire training.
o We support a variety of local charities by raising money in House Days and other charitable days.
o Year 6 pupils attend a multi-agency Child Safety event at the Epsom Grandstand annually.
o Our PSHE Programme brings in the members of the community.
o Year 9 benefit from a business enterprise programme and raise funds for a charity, the profit from the enterprise is donated.
o We hold an annual Sixth Form Evening to which local schools and colleges are invited.
o Pupils explore the local community as part of their fieldwork studies.
o We hold a special 'Open Day' especially for Grandparents.
o The Governors play a pro-active part in the daily life of the school.
o We accept and monitor students from local schools doing work experience.
o We accept placements from local universities for students on teaching degree courses and allow students to observe teaching prior to completing teacher training.
o We accept placements for students to complete an independent PGCE from Roehampton University.
o Gap year students are accepted each year to support sports and other activates around the school.
10. We hire out our facilities to the wider community.
## FUTURE PLANS
The key objective for the next few years is to continue to provide an attractive and competitive high-quality education. The continued development of co-education and the growth of the Junior School in particular, will go a long way towards achieving this long held ambition.
## GOVERNORS' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The governors are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The purpose of this statement is to distinguish the governors' responsibilities for the accounts from those of the auditors as stated in their report.
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## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 August 2025**
Company law requires the governors to prepare financial statements for each financial year. Under company law the governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of 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 period.
In preparing these financial statements, the governors are required to: o Select suitable accounting policies and then apply them consistently o Observe the methods and principles in the Charities SORP o Make judgements and accounting estimates that are reasonable and prudent
o State whether applicable accounting standards have been followed, subject to any material departures discovered and explained in the financial statements
o 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 are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements 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.
The Governors are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
00770891 (England and Wales)
## **Registered Charity number**
312044
## **Registered office**
Kingswood House School 56 West Hill Epsom Surrey KT19 8LG
## **Trustees**
J Bourne (resigned 30.6.25) H Bowen-Perkins L S Culm (resigned 31.12.24) R Johnstone A G Law (resigned 24.11.24) A R Matthews R B G Laudy M H Scott H L Bowen-Perkins Teacher
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**KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 August 2025**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Auditor**
Shaw Gibbs Audit Ltd Wey Court West Union Road Farnham Surrey GU97PT
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Kingswood House School Trust Limited for the purposes of company law) are responsible for preparing the Report of the Trustees 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 year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of 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 period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping 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. 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.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditor is unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
## **AUDITOR**
The auditors, Shaw Gibbs Audit Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 30 June 2026 and signed on its behalf by:
R B G Laudy - Trustee
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## **REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **Opinion**
We have audited the financial statements of Kingswood House School Trust Limited (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (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 its incoming resources and application of resources, including its 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 responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 Annual Report, other than the financial statements and our Report of the Independent Auditor thereon.
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 this gives rise to a material misstatement in the financial statements themselves. 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.
## **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 Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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## **REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **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 Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (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 trustees 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 trustees 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 trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
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## **REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **Our 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 a Report of the Independent Auditor 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.
## **The extent to which the audit was considered capable of detecting irregularities including fraud**
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including compliance with the Charity Act 2011, data protection, child protection, anti-bribery, health and safety and food hygiene legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting the accounting records and legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions:
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation:
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with the Charity Commission, and the charity's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
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## **REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
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 Report of the Independent Auditor.
## **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.
Lance Redman (Senior Statutory Auditor) for and on behalf of Shaw Gibbs Audit Ltd Wey Court West Union Road Farnham Surrey GU97PT
30 June 2026
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## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Tuition fees
Other trading activities
3
Investment income
4
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
6
Teaching
Catering
Premises
Support
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
10,043
4,159,221
98,829
36,920
1,464
4,306,477
2,396,291
281,977
855,183
1,001,270
4,534,721
(228,244)
2,378,658
2,150,414|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
55,299
55,299|2025
Total
funds
£
10,043
4,159,221
98,829
36,920
1,464
4,306,477
2,396,291
281,977
855,183
1,001,270
4,534,721
(228,244)
2,433,957
2,205,713|2024
Total
funds
£
122
4,132,155
100,729
26,593
-
4,259,599
2,417,441
230,175
871,719
996,795
4,516,130
(256,531)
2,690,488
2,433,957|
|---|---|---|---|---|
The notes form part of these financial statements
Page 13
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **BALANCE SHEET**
## **31 August 2025**
|Notes
**FIXED ASSETS**
Intangible assets
12
Tangible assets
13
**CURRENT ASSETS**
Debtors
14
Cash at bank and in hand
15
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
17
**NET ASSETS**
**FUNDS**
20
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
804,494
1,532,336
2,336,830
332,164
695,693
1,027,857
(728,055)
299,802
2,636,632
(486,218)
2,150,414|Restricted
fund
£
-
-
-
-
55,299
55,299
-
55,299
55,299
-
55,299|2025
Total
funds
£
804,494
1,532,336
2,336,830
332,164
750,992
1,083,156
(728,055)
355,101
2,691,931
(486,218)
2,205,713
2,150,414
55,299
2,205,713|2024
Total
funds
£
804,494
1,720,947
2,525,441
204,532
1,191,134
1,395,666
(956,402)
439,264
2,964,705
(530,748)
2,433,957
2,378,658
55,299
2,433,957|
|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2026 and were signed on its behalf by:
R B G Laudy - Trustee
The notes form part of these financial statements
Page 14
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **CASH FLOW STATEMENT**
## **for the year ended 31 August 2025**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
**Cash flows from financing activities**
Loan repayments in year
Net cash used in financing activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning**
**of the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|2025
£
(392,949)
(19,083)
(412,032)
(20,245)
1,464
36,714
17,933
(46,043)
(46,043)
(440,142)
1,191,134
750,992|2024
£
377,166
(20,789)
356,377
(53,369)
-
25,348
(28,021)
(44,337)
(44,337)
284,019
907,115
1,191,134|
|---|---|---|
The notes form part of these financial statements
Page 15
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE CASH FLOW STATEMENT**
## **for the year ended 31 August 2025**
|**1.**|**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW**|**FROM OPERATING**|**ACTIVITIES**|
|---|---|---|---|
|||2025|2024|
|||£|£|
||**Net expenditure for the reporting period (as per the Statement of**|||
||**Financial Activities)**|(228,244)|(256,531)|
||**Adjustments for:**|||
||Depreciation charges|208,855|216,163|
||Profit on disposal of fixed assets|(1,464)|-|
||Interest received|(36,714)|(25,348)|
||Interest paid|19,083|20,789|
||(Increase)/decrease in debtors|(127,632)|144,315|
||(Decrease)/increase in creditors|(226,833)|277,778|
||**Net cash (used in)/provided by operations**|(392,949)|377,166|
## **2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**
Cash at bank and in hand
**Debt**
Debts falling due within 1 year
Debts falling due after 1 year
**Total**|At 1.9.24
£
1,191,134
1,191,134
(46,132)
(366,055)
(412,187)
778,947|Cash flow
£
(440,142)
(440,142)
(1,586)
47,630
46,044
(394,098)|At 31.8.25
£
750,992
750,992
(47,718)
(318,425)
(366,143)
384,849|
|---|---|---|---|
The notes form part of these financial statements
Page 16
**KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **for the year ended 31 August 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in Sterling and rounded to the nearest £. The accounts have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
## **Fee income**
Fees of the charity consist of charges for the year to parents for tuition and lunches, less bursaries, scholarships and allowances. Where fees are invoiced in advance for a future period, these are shown in creditors.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Intangible assets**
Intangible assets are stated at cost or valuation, net of amortisation (if applicable) and any provision for impairment.
The Company entered into Option Agreements in connection with the proposed acquisition of the School site. Costs directly attributable to securing these contractual rights, including legal and professional fees, amounted to £54,494.26 and have been capitalised at cost in accordance with FRS 102. The asset is reviewed annually for indicators of impairment.
## **Tangible fixed assets**
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost of valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its estimated useful life.
Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
## **Taxation and vat**
The charity is exempt from corporation tax on its charitable activities.
During the financial year, the charity became registered for Value Added Tax (VAT). As a result of this registration, the charity is required to account for VAT on applicable income streams and is able to recover VAT on eligible expenditure, in accordance with current VAT regulations.
continued...
Page 17
**KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Fee Debtors**
Fee debtors represent fees invoiced for the year, which remain unpaid as at the year end, and do not include fees outstanding for a future period although they may have been invoiced before the year end, but remain unpaid at that date.
## **Financial instruments**
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
## **Creditors**
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
## **Cash and cash equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.
## **Debtors**
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
## **Finance costs**
continued...
Page 18
**KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
## **1. ACCOUNTING POLICIES - continued**
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
## **2. DONATIONS AND LEGACIES**
## **3.**
|**DONATIONS AND LEGACIES**|||||
|---|---|---|---|---|
|Donations
**OTHER TRADING ACTIVITIES**
Extras and entrance fees
Activities week
Government grants||2025
£
10,043
2025
£
72,173
26,656
-
98,829||2024
£
122|
|||||2024
£
67,181
29,838
3,710|
||||100,729||
## **4. INVESTMENT INCOME**
Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.
## **5. INCOME FROM CHARITABLE ACTIVITIES**
|Activity
General tuition
Tuition fees
Support fees
Tuition fees
Scholarships and bursaries
Tuition fees|2025
£
4,173,447
395,800
(410,026)
4,159,221|2024
£
4,090,084
383,983
(341,912)
4,132,155|
|---|---|---|
continued...
Page 19
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
## **6. CHARITABLE ACTIVITIES COSTS**
|Teaching
Catering
Premises
Support|Direct
Costs
£
2,396,291
-
-
-
2,396,291|Support
costs (see
note 7)
£
-
281,977
855,183
1,001,270
2,138,430|Totals
£
2,396,291
281,977
855,183
1,001,270|
|---|---|---|---|
||||4,534,721|
## **7. SUPPORT COSTS**
|**SUPPORT COSTS**||||||
|---|---|---|---|---|---|
|Catering
Premises
Support|Management
£
-
-
958,132
958,132|Finance
£
-
-
2,671
2,671|Other
£
281,977
855,183
-
1,137,160|Governance
costs
£
-
-
40,467
40,467|Totals
£
281,977
855,183
1,001,270|
||||||2,138,430|
## **8. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2025|2024|
|---|---|---|
||£|£|
|Auditors' remuneration|11,600|10,000|
|Depreciation - owned assets|208,856|216,163|
|Other operating leases|300,706|296,480|
|Surplus on disposal of fixed assets|(1,464)|-|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
continued...
Page 20
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
## **10. STAFF COSTS**
||2025|2024|
|---|---|---|
||£|£|
|Wages and salaries|2,188,121|2,274,619|
|Social security costs|232,084|204,000|
|Teachers' pension contributions|259,525|283,434|
|Stakeholder pension costs|86,295|88,752|
|Health insurance|13,395|11,907|
||||
||2,779,420|2,837,711|
||||
The liability and pension cost are allocated between activities and between restricted and unrestricted funds on a reasonable and consistent basis, reflecting the underlying allocation of staff costs.
The average monthly number of employees during the year was as follows:
|Teaching
Administration
Domestic
Premises|2025
60
21
6
2
89|2024
59
23
6
1|
|---|---|---|
|||89|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|£60,001 - £70,000
£80,001 - £90,000|2025
1
1
2|2024
3
-|
|---|---|---|
|||3|
The aggregate remuneration for key management personnel paid during the year was £459,827 (2024: £405,772).
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Tuition fees
Other trading activities
Investment income
**Total**|Unrestricted
fund
£
122
4,132,155
100,729
26,593
4,259,599|Restricted
fund
£
-
-
-
-
-|Total
funds
£
122
4,132,155
100,729
26,593|
|---|---|---|---|
||||4,259,599|
continued...
Page 21
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
fund
£
£
**EXPENDITURE ON**
**Charitable activities**
Teaching
2,417,441
-
Catering
230,175
-
Premises
871,719
-
Support
996,795
-
**Total**
4,516,130
-
**NET INCOME/(EXPENDITURE)**
(256,531)
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
2,635,189
55,299
**TOTAL FUNDS CARRIED FORWARD**
2,378,658
55,299
**12.**
**INTANGIBLE FIXED ASSETS**
**COST**
At 1 September 2024 and 31 August 2025
**NET BOOK VALUE**
At 31 August 2025
At 31 August 2024||Total
funds
£
2,417,441
230,175
871,719
996,795
4,516,130
(256,531)
2,690,488
2,433,957
Option
fee
£
804,494
804,494
804,494|
|---|---|---|
||||
||||
||||
||||
continued...
Page 22
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
## **13. TANGIBLE FIXED ASSETS**
|**COST**
At 1 September 2024
Additions
At 31 August 2025
**DEPRECIATION**
At 1 September 2024
Charge for year
At 31 August 2025
**NET BOOK VALUE**
At 31 August 2025
At 31 August 2024
**COST**
At 1 September 2024
Additions
At 31 August 2025
**DEPRECIATION**
At 1 September 2024
Charge for year
At 31 August 2025
**NET BOOK VALUE**
At 31 August 2025
At 31 August 2024|Study
centre
£
192,288
-
192,288
192,288
-
192,288
-
-
Car park
& field
£
67,626
-
67,626
26,957
3,381
30,338
37,288
40,669|Teaching
blocks &
lab
£
2,637,290
-
2,637,290
1,126,906
131,865
1,258,771
1,378,519
1,510,384
Fixtures
and
fittings
£
132,086
8,002
140,088
60,428
33,022
93,450
46,638
71,658|Resurface
to play
area
£
28,055
-
28,055
9,352
9,352
18,704
9,351
18,703
Computer
equipment
£
103,713
12,243
115,956
72,607
15,093
87,700
28,256
31,106|Astro
turf
£
112,999
-|
|---|---|---|---|---|
|||||112,999|
|||||64,572
16,143|
|||||80,715|
|||||32,284|
|||||48,427|
|||||Totals
£
3,274,057
20,245|
|||||3,294,302|
|||||1,553,110
208,856|
|||||1,761,966|
|||||1,532,336|
|||||1,720,947|
continued...
Page 23
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Fee debtors
Other debtors
Prepayments and accrued income
**15.**
**CASH AT BANK AND IN HAND**
General
Development
fund
fund
£
£
Cash in hand
1,022
-
NatWest current bank account
10,000
-
Lloyds bank account
740
-
Liquidity manager account
200,579
55,299
Liquidity manager 95 account
270
-
Bank deposit account
483,082
-
Total
695,693
55,299
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 18)
Trade creditors
Social security and other taxes
VAT
Other creditors
Fee deposits
Fees paid in advance
Accrued expenses|Fee debtors
Other debtors
Prepayments and accrued income
**15.**
**CASH AT BANK AND IN HAND**
General
Development
fund
fund
£
£
Cash in hand
1,022
-
NatWest current bank account
10,000
-
Lloyds bank account
740
-
Liquidity manager account
200,579
55,299
Liquidity manager 95 account
270
-
Bank deposit account
483,082
-
Total
695,693
55,299
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 18)
Trade creditors
Social security and other taxes
VAT
Other creditors
Fee deposits
Fees paid in advance
Accrued expenses|2025
£
270,720
1,852
59,592
332,164
2025
Total
funds
£
1,022
10,000
740
255,878
270
483,082
750,992
2025
£
47,718
67,854
58,203
229,958
16,754
41,900
206,884
58,784
728,055||2024
£
83,273
11,308
109,951|
|---|---|---|---|---|
|||||204,532|
|||||2024
Total
funds
£
1,033
10,000
1,170
510,391
210,261
458,279|
||||1,191,134||
|||||2024
£
46,132
70,366
-
-
18,225
35,950
733,196
52,533|
|||||956,402|
continued...
Page 24
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
|**17.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2025
2024
£
£
Bank loans (see note 18)
318,425
366,055
Fee deposits > 1 year
167,793
164,693
486,218
530,748
**18.**
**LOANS**
An analysis of the maturity of loans is given below:
2025
2024
£
£
Amounts falling due within one year on demand:
Bank loans
47,718
46,132
Amounts falling between one and two years:
Bank loans > 1 year
49,377
47,614
Amounts falling due between two and five years:
Bank loans - 2-5 years
115,089
127,148
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
153,959
191,293
The charity has a loan with the following summarised terms:
Interest
rate
Total amount
Total amount
payable
of loan drawn
of loan drawn
Remaining
per
Due < 1
Due 1-2
Due 2-5
Due > 5
at 31 August
at 31 August
term of loan
annum
year
years
years
years
2025
2024
£
£
£
£
£
£
Senior
school loan
8 years
2.6%
34,266
35,925
105,000
152,838
328,029
360,620|2025
£
318,425
167,793
486,218
2025
£
47,718
49,377
115,089
153,959|2024
£
366,055
164,693
530,748
2024
£
46,132
47,614
127,148
191,293|
|---|---|---|
The rate of interest payable on the loan will be a fixed rate (2.6% per annum) until the review date which is 10 years after the date the loan is borrowed. The rate of interest payable on the loan from the "review date" will be based on the base rate plus 2.8% per annum.
The bank loan is secured on the assets of the charitable company.
Page 25
continued...
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
## **19. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years
In more than five years|2025
£
324,295
1,167,001
2,016,000
3,507,296|2024
£
326,215
1,144,388
2,268,000|
|---|---|---|
|||3,738,603|
Payments of £252,000 (2024: £231,500) were made during the year in relation to the rental of the school buildings and £48,706 (2024: £44,933) for the lease of the school minibuses. These were expensed to the SOFA under other operating leases.
## **20. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Development fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.24
£
2,378,658
55,299
2,433,957
Incoming
resources
£
4,306,477
4,306,477|Net
movement
in funds
£
(228,244)
-
(228,244)
Resources
expended
£
(4,534,721 )
(4,534,721 )|At
31.8.25
£
2,150,414
55,299
2,205,713
Movement
in funds
£
(228,244)
(228,244)|
|---|---|---|---|
Page 26
continued...
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2025**
## **20. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.9.23
£
**Unrestricted funds**
General fund
2,635,189
**Restricted funds**
Development fund
55,299
**TOTAL FUNDS**
2,690,488
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
4,259,599
**TOTAL FUNDS**
4,259,599|Net
movement
in funds
£
(256,531)
-
(256,531)
Resources
expended
£
(4,516,130 )
(4,516,130 )|At
31.8.24
£
2,378,658
55,299
2,433,957
Movement
in funds
£
(256,531)
(256,531)|
|---|---|---|
## **21. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2025.
## **22. RESTRICTED FUNDS**
Donations continued for the development foundation. The purpose of the foundation is to provide funds for additional developments in the school, particularly to enable a sports hall and a swimming pool to be built in the future.
continued...
Page 27
**KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the year ended 31 August 2025**
## **23. LEGAL STATUS**
The trust is a charitable company limited by guarantee incorporated in England and Wales, and has no share capital. The liability of each member in the event of winding-up is limited to £1.
Page 28
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Extras and entrance fees
Activities week
Government grants
**Investment income**
Rents received
Deposit account interest
**Charitable activities**
General tuition
Support fees
Scholarships and bursaries
**Other income**
Gain on sale of tangible fixed assets
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Teaching salaries
Health insurance
Pensions
Text books and teaching aids
IT maintenance and consumables
Staff training and travel
Sports and rent of pitches
**Support costs**|2025
£
10,043
72,173
26,656
-
98,829
206
36,714
36,920
4,173,447
395,800
(410,026)
4,159,221
1,464
4,306,477
1,838,234
13,395
259,525
175,117
82,988
19,730
7,302
2,396,291|2024
£
122
67,181
29,838
3,710
100,729
1,245
25,348
26,593
4,090,084
383,983
(341,912)
4,132,155
-
4,259,599
1,853,135
11,907
283,434
127,646
95,105
33,745
12,469
2,417,441|
|---|---|---|
This page does not form part of the statutory financial statements
Page 29
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 August 2025**
|**Support costs**
**Management**
Office salaries
Drivers wages
Pensions
Other operating leases
Telephone and postage
Stationery and photocopying
Advertising and recruitment
Sundries
Marketing
Subscriptions
Bad debts
Motor expenses
Accountancy
Hospitality expenses
Speech day expenses
School prospectus
School inspection
Staff welfare
Bank loan interest
Astro loan interest
**Finance**
Bank charges
**Other**
Catering wages
Groundsman wages
Other operating leases
Rates and water
Insurance
Light and heat
School lunches
Cleaning
Property repairs
Household maintenance
Major refurbishments
Depreciation of tangible fixed assets
**Governance costs**
Auditors' remuneration
Carried forward|2025
£
491,613
18,167
86,295
48,706
9,136
37,001
33,335
29,491
105,199
30,459
9,918
25,637
6,463
2,817
4,176
-
-
636
16,348
2,735
958,132
2,671
19,520
52,671
252,000
80,825
38,423
40,763
262,457
57,501
46,326
58,819
18,999
208,856
1,137,160
11,600
11,600|2024
£
429,637
23,302
88,752
44,933
9,949
49,495
18,835
22,174
127,337
17,630
9,751
23,529
5,575
2,911
17,075
3,091
3,517
12,559
18,054
2,735|
|---|---|---|
|||930,841
2,622
115,863
31,682
251,547
39,121
37,470
54,010
114,312
56,217
48,834
76,396
60,281
216,161|
|||1,101,894
10,000
10,000|
This page does not form part of the statutory financial statements
Page 30
## **KINGSWOOD HOUSE SCHOOL TRUST LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025**
|**Governance costs**
Brought forward
Professional fees
Total resources expended
**Net expenditure**|2025
£
11,600
28,867
40,467
4,534,721
(228,244)|2024
£
10,000
53,332
63,332
4,516,130
(256,531)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 31