THE
HAWTHORNS
SCHOOL
THE HAWTHORNS EDUCATIONAL TRUST LIMITED
(a Registered Charity and Company Limited by Guarantee)
and its subsidiary company operating as
The Hawthorns School
GOVERNORS, ANNUAL REPORT AND AUDITED
CONSOLIDATED ACCOUNTS
For the year ended 31 August 2024
Company Registration Number-00949504
Charity Commission ReElStration-Number-312067
ii'ii'ii..haw"thorns.com

The Hawthorns Educational Trust Limited
CONTENTS
Page
Governors, Annual Report (incorporating a Group Strategic Report)
Independent Auditors Report
Consolidated Statement of Financial Activities
14
Consolidated Balance Sheet
15
Company Balance Sheet
16
Consolidated Cashflow Staternent
17
Notes to the Accounts
18

The Hawthorns Educational Trust Limited
GOVERNORS. ANNUAL REPORT (incorporating a Group Strategic Report}
Year Ended 31 August 2024
The Governors (tho are also directors of the Charity for the purposes of the Companies Act} present
their Annual Report, together with the Audited Accounts of The Hawthorns Educational Trust Limited
(the Company) for the yeai ended 31 August 2024, which are also prepared to meet the requirements
for a directors, report and accounts for Companies Act purposes.
The accounts comply with the Charities Act 2011, the Companies Act 2006. the School's
Memorandum and Articles of Association, and Accounb'ng 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Hawthorns School was founded in 1926. The Hawthorns School Educational Trust Limited (the
Trust) is a company limited by guarantee, number 00949504, and was registered at Companies
House on 7 March 1969.The Trust is a registered charity, number 312067. registered at the Charity
Commission on 7 May 1970. The charity is governed by its Memorandum and Articles of Association
dated 7 May 1970. The charity operates The Hawthorns School. a co- educational pre-preparatory
and preparatory school for pupils aged 2 to 13, in Bletchingley, Surrey.
Governors
The Governors, who a￿ the directors of the Group for the purposes of company law, and are the
charity trustees, for the purposes of charity law. during the year and since, were as follows..
Mr BJC Dyer"
Mr LWJ Baart (resigned 31 July 2024}
Mr RJ Buckingham .
Mr MJ Dockery '
Mr RHC Kirkland .
Mr HJW Oliver"
roirs SE Raja '
Mr SJO Roche .
Mr DWJ Searle
Mr MB Tinker"
Mrs BS Lee (appointed 29 August 2024)
* **
Governor, director and charity trustee at date of signing these accounts.
**
Parent of current pupil at date of signing these accounts.

The Hawthorns Educational Trust Limited
GROUP GOVERNORS, ANNUAL REPORT (incorporating a Group Strategic Report)
Year Ended 31 August 2024
Governing body
Governors are electecl by the governing body. At each annual general tmeeting the nearest number to one
third of the total Governors retire and are eligible for re-election. The Governors to retire each year are those
who have been longest in office sill￿ their last election.
In order to maintain a broad skill mix, Governors are selected from a wide range of professions and, in the
event of particular skiSls being lost due to retiremen( individuals with the requisite skills are approached to
offer themselves for election to the goveming body.
Governors derive no financial benefit from their office other than as shown in the notes to the accounts. but
are reimbursed for any travel or administrative expenses.
Governor induction and training
Governor induction, following appointment. comprises the review of a portfolio of documentation covering all
aspects of the Group, including the most re￿nt audited accounts, the Mernorandum and Articles of
Association, copies of Board Meeting Minutes, School Prospectus. recent newsletters to parents, staff lists
with responsibilities, govemance documentation with sub-committee details and a copy of the Charity
Commission publication, 'The Essential Trustee,.
Governor5 are expected to attend Subcommitt￿ meetings (depending on their skills" see subcommittee
details below) as required and to attend temly Board Meetings. Governors are encouraged to visit the School
during term time, to meet the pupils, Headmaster, Bursar and Senior Leadership Team.
Training, after appointrnent, is provided by comprehensive mailing of infonmation relevant to the School's day
to day activities and by a fomial training session held each year at a board meeting. The Chairman of
Govemors attends an outside training course run by IAPS (Independent Association of Preparatory Schools)
during the first year of office. Govemors are encouraged to visit the Charty Cornmission website for up to
date information.
Key executives. professional advisers and cortsct information:
Headmaster
MrA E Floyd
Bursar and Company Secretary
Mr P I Walker (appointed 22 April 2024)
Senior Leadership Tearn
MrA Duggan,
Miss S C Fowler,
Ms A M Gallagher.
Mr M W Goldhawk,
Mrs K-A Kirkman.
MrA J Morris.
Mr A W Raja,
Mr R Skottowe,
Mrs F E Westwood.
Address and Registered Offi
The Hawthorns Educational Trust Limited
TIA The Hawthorns School
Pendell Court
Bletchingley, Surrey RH14QJ

The Hawthorns Educational Trust Limited
GROUP GOVERNORS. ANNUAL REPORT (incorporating a Group Strategic Report)
Year Ended 31 August 2024
Bankers
Lloyds Bank plc
1 London Road
Redhill
Surrey RHI IND
Auditors
TC Group
The Courtyard
Shoreharn Road
Upper B￿dIng
Steyning
West Sussex BN44 3TN
School Website
www.hawthoms.corn
Email
office@hawthorns.com
Organisational management
The Govemors determine the general policy of the Trust. The key management personnel of the School are
the Govemors, the Headmaster. the Bursar and the Senior Leadership Team. The Governors meet, as a
body, at least once each term. Various sul>committees meet to deal with matters during the year as required.
At the date of signing these accounts the sub-committees comprise:
Education subcommittee
SE Raja (Chair),SJO Roche, the Headmaster and other senior School staff. This committee works to improve
the quality of education in the School.
Finance and General Purposes subcommittee
DWJ Searle (Chairman). BJC Dyer, MJ Dockery, RHC Kirkland, Mr HJW Oliver. the Headmaster and the
Bursar. This Committ￿ covers The Hawthorns Foundation. finance, estates, staffing and general
management of the School.
Marketing subcommittee
BJC Dyer (Chairman), the Headmaster and other School personnel as appropriate. This committee deals
wffch the marketing and presentation of the School.
Health and Safety subcomrnittee
MJ Dockery (Chaimian), the Bursar and other School staff. This committee is responsible for agreeing health
and safety policies and strategy across the School.
Safeguarding & HR subcommlttee
RJ Buckingham (Chaimian), MB Tinker, the Headmaster, the Bursar and other senior School staff. This
committee is responsible for safeguarding. recruitment. welfare and retention of etnployees of the School.
The remuneration of the Headmaster and the Bursar is set by the Board, wth the policy objective of providing
appropriate incentives to encourage enhan￿d perfonnance and of rewarding them fairly and responsibly for
their individual contributions to the School's sU￿sS.
The appropriateness and relevance of the remuneration policy is reviewed annually, including reference to
comparisons with other independent schools to ensure that the School remains sensitive to the broader
issues of pay and employment conditions elsewhere.

The Hawthorns Educational Trust Limited
GROUP GOVERNORS, ANNUAL REPORT (incorporating a Group Strategic Report)
Year Ended 31 August 2024
OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES
The objects are set out in the Memorandum of Association as the education of girls and boys aged 2 to 13.
It is the aim of the Trust. as an independent educational establishment, to lay academic, physical and moral
foundations of the highest quality. These foundations will equip the School's pupils with self- confidence and
a desire to contribute to the wider communty and, in preparing them for the next stage of their education, will
enable them to face and overcome the many challenges of lrfeahead.
In setting objectives and planning actNities, the Govemors have gNen due 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 fe￿ha[ging.
STRATEGIC REVIEW
Achievements and Perfonnance
The School enjoyed a successful academic year with over 31 Yo of leavers being awarded scholarships to join
their senior school. School Development Plans have b*n focused upon the completion of a new Nursery
building ancl the extension of nursery provision.
In the School, Pupils have continued to enjoy success in a wide variety of sports. activities. and creative
pursutts. The all-round education that the Hawthoms seeks to deliver continues to result in high levels of
pupil success.
Efforts continue to ensure that no suitable pupil is denied an education at the School on the grounds of
affordability. Accordingly, the Govemors are pleased to offer means-tested bursaries (assisted pla￿s}
to parentswith limited income, During theyear bursary awards were madeto 8pupils (2023: 11) and their
value was £89,011 (2023: £118,560).
Post Balance Sheet event
The Governors are considering a strategic allian￿ wrth Caterham School. Significant recent extemal events,
including the imposrtion of VAT on school fees, the removal of business rates relief and increases in costs of
employing staff have given the School significant challenges which are best met from a position of financial
strength. The Governors collectNely have concluded that a combination with Catetham School will result in
a group better able to provide the outstanding education that our pupils desetve.
Financial Review
The Trust re￿iVed total income of £8.441,379 (2023: £8,263.579) and the consolidated net incoming
resources for the year amounted to £15,363 (2023: net incoming resources of £854,785). Total funds carried
forward were £7,076,599 which includes £25,000 of restricted funds (2023: £7,061,236 which included
£220.479 of restricted funds). The balance of £7,051.599 is held as unrestricted funds (2023: £6.840,757).
Capital expenditure has been undertaken to make improvements to the School facilities. This amounted to
£627,904 during the year (2023: £2,189,075). There is a plan of continuous upgrading of the School'sfacilities
to keep pace with the requirements of a leading pre-preparatory and preparatory school.

The Hawthorns Educational Trust Limited
GROUP GOVERNORS, ANNUAL REPORT (incorporating a Group Strategic Report)
Year Ended 31 August 2024
Investment in subsidiary
The Trust owns 1000A of the shares of its subsidiary company, The Hawthorns (Pendell Court) Limited, which
in turn owns the freehold of the premises occupied by the Trust. The accounts consolidate the financial
statements of both companies.
The subsidiary is a non-trading company and the latest un-audited accounts have been made up to 5 April
2024 and rt is these accounts that have been used in the consolidation. Both companies are incorporated in
the United Ktngdom and registered in England and Wales.
Reserves policy
All unrestricted funds are used to finance building development projects and generally improve the overall
facilities of the School. Donations towards specific projects are included within restricted funds. Donations to
The Hawthorns Foundation are allocated to restricted funds. General donations are allocated to unrestricted
funds. The Govemors have assessed the assets available and the obligations of the Trust and have
concluded that the assets are sufficient to tneet its obligations. based on current operations and pupil
numbers.
Plans for Future Periods
The School is planning ahead and examining ways in which it could adapt to the change in taxation imposed
by the new government. The priority forthe School must be the development of a sustainable financial model
given that that Business Rate Tax Relief will be withdrawn, VAT will be imposed upon school fees and
employment taxes will rise significantly. Consequently, all plans focus on ensuring the School is in the best
position to offer an excellent eduGation at an affordable pri￿.
The School has been active in ensuring that all new families are welcorned and enjoy a Hawthoms education
for their child. The School's marketing and admission policy has ensured that the School represents the
ethnicity of the local area. The School sees that this year 24 % of rts intake comes from ethnically diverse
families. The EDI cornrnittees (staff and parents) review and monitor ways in which Ihe School can leam and
become more inclusive.
Principal Risks and Uncertainties
The Governors assess the major risks to which the School is exposed, particularly relating to its
operatr'ons and finances. on a regular basis. The most significant risk is considered to be a possible fall
in the number of pupils attending the School. especially in with high cost of living landscape, the
imposition of VAT on and other costs affecting school fees and a declining birth rate.

The Hawthorns Educational Trust Limited
GROUP GOVERNORS, ANNUAL REPORT (incorporating a Group Strategic Report)
Year Ended 31 August 2024
STATEMENT OF GOVERNORS. RESPONSIBILITIES
The Govemors, who are also the directors of The Hawthorns Educational Trust Limited for the purposes
of company law, are responsible for preparing the Governors, Report and the accounts in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the Governors to prepare financial statements for each financial year, which give
a true and fair view of the state of affairs of the Trust and its subsidiary and of the incorning resources
and application of resources. including the income and expenditure, of the group for that year. In
preparing those financial statements, the Govemors are required to:
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the 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 group will continue in business.
The Governor5 are responsible for keeping adequate accounting records which disclose with
reasonable accuracy at any time the financial position of the Trust and which enable them to ensure
that the financial statements comply wtth the Companies Act 2006. They are also responsible for
safeguarding the assets of the Trust and hen￿ for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the Governors has confinned that there is no information of which they are aware which is
relevant to the audit, but of which the auditor is unaware. They have further confimied that they have
taken appropriate steps to identify such relevant information and to establish that the auditors are aware
of such infonnation.
AUDITORS
A resolution proposing the re-appointmentof TC Group as auditOTS to the company will be put to the
annual general meeting.
This report, Inco￿OratIng the Strategic Report, was approved by Board of Governors on 7
December 2024 and signed on behalf of the Board.
th
BJC Dy
Chair of

The Hawthorns Educational Trust Limited
INDEPENDENT AUDITOR'S REPORT
Year Ended 31 August 2024
Opinion
We have audited the financial statements of The Hawthorns Educational Trust Limited (the 'charitable
company,) and its subsidiary (the 'group') for the year ended 31 August 2024. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom AGcounting
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 group's and the parènt charitable company's affairs as at
31 August 2024 and of its incoming reSoUr￿S and application of resources, including its income and
expenditure, for the year then ended"
have been properly prepared in accordance with United Kingdom Generally A¢￿pted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with Intemational 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 charitable company in accordan￿ 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 governors, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomed. we have not identified any material uncertainties relating to
events or conditions that, individually or collectively. may cast doubt on the group and parent charitable
company's ability to continue as a going con￿rn for a period of at least 12 months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the governors with respect to going concern are described
in the relevant sections of this report.

The Hawthorns Educational Trust Limtted
INDEPENDENT AUDITOR'S REPORT
Year Ended 31 August 2024
Other information
The Governors are responsible for the other information. The other information comprises the
information included in the Governors. annual report, other than the financial statements and our
auditorf5 report thereon. Our opinion on the financial statements does not cover the other information
and, eX￿pt 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 ststements, our resp￿sibIlIty 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 rnisstatements. we are required to
deterrnine 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 perfomed. 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 Governors, annual report (incorporating the strategic reporl and the
directors, ieport) for the financial year for which the financial statements are prepared is consistent
with the financial ststements- and
the strategic report and the directors. report have been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the group and charitable company and rts environment
obtained in the course of the audit, we have not identified material misstatements in 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, or retums 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 directors, remuneration specified by law are not made" or
we have not re￿iVed all the information and explanations we require for our audit.
io

The Hawthorns Educational Trusl Limited
INDEPENDENT AUDITOR'S REPORT
Year Ended 31 August 2024
Responsibilities of Govemors
As explained more fvlly in the Governors, responsibilities statement set out on page 8, the Govemors (who
are also the directors of the charrtable 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 Govemors determine is ne￿SSary to enable the preparation of financial statements
that a￿ free from material MESStaten￿nt, whether due to fraud or e￿Or.
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 concem and using
the going concern basis of accounting unless the governors either intend to liquidate the charitable company
r to ￿ase operations. or have no realistic alternative but to do so.
Auditor's responslbilities for the audit of the financial statements
Our objectives are to obtain reasonable assuran￿ aEy)Lrt whether the financial statements as a whole are
free from material misstatement. whether due to fraud or error, and to issue an auditorfs report that includes
our opinion. Reasonable assuran￿ is a high level of assuran￿. but is not a guarantee that an audit
conducted in accordan￿ with ISAS (UK) will always detect a material misstatement when rt exists.
Misstatements can arise from fraud or error and are considered material rf, 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.
A fvrther description of our responsibilities forthe audit of the financial statements is located on the Financial
Reporting Council's website at: htt s.'Ilww.frc.or
.uklauditorsres
our auditor's report.
onsibilities. This description forms part of

The Hawthorns Educational Trust Limited
INDEPENDENT AUDITOR'S REPORT
Year Ended 31 August 2024
Extent to which the audit was consldered capable of detecting irregularities, including fraud
The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement
of the financial statements due to fraud. to obtain sufficient appropriate audit eviden￿ regarding the assessed
risks of material misstatement due to fraud, through designing and implementing appropriate responses. and
to respond appropriately to fraud or suspected fraud identified during the audit. However. the primary
responsibilrty for the prevention and detection of fraud rests with both those charged with g0Veman￿ of the
entity and its management.
Our approach was as follows:
We identffied areas of laws and regulations that could reasonably be expected to have a material
effect on the financial statements frorn our general sector experience, and through discussion with
the Governors. and other management (as required by auditing standards), and discussed with the
Governors. and other managetnent the policies and procedures regarding cornplian￿ with laws and
regulations (see below)"
We identified the fo15owing areas as those most likely to have such an effect: health and safety.
General Data Protection Regulation (GDPR)" fraud", bribery and corruption, school inspections,
keeping children safe in education (statutory guidance), DBS checks and employment law. Auditing
standards limit the required audit procedures to identify non-compliance with these laws and
regulations to enquiry of the trustees and other management and inspection of regulatory and legal
corresponden￿, if any. The identified actual or suspected non-compliance was not sufficiently
Significant to our audit to result in our response being identified as a key audit matter.
We considered the legal and regulatory frameworks directly applicable to the financial statements
reporting framework (FRS 102, the Companies Act 2006 and the Charities Act 2011) and the relevant
tax compliance regulations in the UK.
We considered the nature of the charitable company's operations, the control enlironment and
financial performance.
We communicated identified laws and regulations throughout our team and remained alert to any
indications of non-complian￿ throughout the audit"
We considered the prO￿dureS and controls that the charitable company has established to address
risks identified, or that otherwise prevent. deter and detect fraud. and how senior management
monitors those programmes and controls.
Based on this understanding we designed our audit procedures to identify non-compliance with such laws
and regulations. Where the risk was considered to be higher. we performed audit procedures to address each
identified fraud risk. These prO￿dureS included: testing manual joumals., reviewing the financial staternent
disclosures and testing to supporting documentation: performing analytical prO￿dures', and enquiring of
management, and were designed to provide reasonable assuran￿ that the financial statements were fr
from fraud or error.
12

The Hawthorns Educational Trust Limited
INDEPENDENT AUDITOR'S REPORT
Year Ended 31 August 2024
Owing to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected
some rnaterial misstatements in the financial statements. even though we have properly planned and
performed our audit in accordance with auditing standards. For example, the further removed non-compliance
wÈth laws and regulations (irregularities) is frotn the events and transactions reflected in the financial
statements, the less likely the inherently limited procedures required by auditing standards would identify it.
The risk 15 also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional cOn￿alment, forgery. collusion. omission or misrepresentation. We are not responsible for
preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
Use of our report
This report is made solely to the charitable companvs 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 pertnitted by law. we do not accept or assume responsibility to anyone
other than the charitable company and the charitable companvs members as a body, for our audit work, for
this repart, or for the opinions we have formed.
Mark Cummins FCCA (Senior Statutory Audltor)
for and on behalf of TC Group
Statutory Auditors
Office.. Steyning. West Sussex
Dated:
1% lol5
13

The Hawthorns Educational Trust Limited
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(Including Income & ExpendÈture Account)
Year Ended 31 August 2024
Notes
Unrestricted
Funds
Restricted
Funds
TOTAL
2024
TOTAL
2023
INCOME FROM:
Donations and legacies
4g5
495
1,000
Charitable activities
Fees receivable
7.781,704
7,781,704
7,231,883
other trading activities
Sports Centre
Protection fees
658.985
195
658,985
195
591,727
155
Other income
438 814
Total Income
8,441,379
8.441379
8.263,579
EXPENDITURE ON:
Raising funds
Sports Centre
Charitable Activities
Education
659,536
659,536
690,025
7.766 480
7,766,480
6,718,769
Total Expenditure
8 426 016
8,426,016
7 408 794
NET INCOME
15,363
15,363
854,785
Transfer between funds
16
195,479
(195.479)
NET MOvEmE￿r IN FUNDS
210,842
(195,479)
15,363
854,785
Reconciliation of funds
Total funds brought forward
6,840 757
220.479
7,061,236
6,206,451
Total funds carried forward
7.051.599
25,000
7.076,599
7,061236
This statement of financial activities also complies with the requirements for an income and expenditure
account under the Companies Act 2006. All activib'es are classed as continuing.
There are no recognised gains or losses other than those ￿pOrted on the Statement of Financial Activities.
i*

The Hawthorns Educational Trust Limited
CONSOLIDATED BALANCE SHEET
As at 31 August 2024
Notes
2024
2023
FIXED ASSETS
Tangible Assets
10
9,834,998
9,650,894
CURRENT ASSErs
Debtors
Cash at bank and in hand
12
1,778,461
2,017.712
1,896,240
1,254,269
Total Current Assets
3.796.173
3,150.509
Creditors, due within one year
13
3,652.997
3,517.721
NET CURRENT ASSETSI(LIABILITIES)
143.176
{367,212)
LONG TERM LIABILITIES
Creditors, due after more than
one year
14
(2,901,575)
(2,222,446)
TOTAL NET ASSETS
7,076,599
7,061,236
Represented by
Unrestricted Fund
17
7.051,599
6,840,757
Restricted Fund
16
220,479
TOTAL NET FUNDS
7,076,599
7 061,236
These accounts were approved by the board on
1-tr(6i&FK QYIP
BJCDyer
ha
D W J Searle
Governor
Cornpany number 00949504.
15

The Hawthorns Educational Trust Limited
COMPANY BALANCE SHEET
As at 31 August 2024
Notes
2024
2023
FIXED ASSETS
Tangible Assets
Investment in subsidiary
10
11
9,724,998
71,534
9,540,894
71,534
9,796,532
9,612,428
CURRENT ASs￿s
Debtors
Cash at bank and in hand
12
1,778,437
2.017.712
1.941,492
1.254,269
Total Current Assets
3,796.149
3,195,761
Creditors, due within one year
13
3,652,757
3517481
NET CURRENT ASSETSI(LIABILITIES)
143.392
(321,720)
LONG TERM LIABILITIES
Creditors, due after more than
one year
14
(2,901,575)
(2,222,446)
TOTAL ASSErs
7,038,349
7 068,262
Represented by
Unrestricted Fund
17
7,013,349
6,847,783
Restricted Fund
16
25,000
220,479
TOTAL NET FUNDS
7.038,349
7.068,262
These accounts were approved by the board on
77Hi ¥ qov*
BJCDyer
D W J Searle
Governor
Company number 00949504.
16

The Hawthorns Educational Trust Limited
CONSOLIDATED CASH FLOW STATEMENT
Year ended 31 August 2024
2024
2023
Cash flows from operating activities:
Net incomelexpendlture for the year
Adjustments for:
Depreciation
Interest payable
Decreasel(Increase) in debtors
Increase in creditors
15.363
854,785
443.978
184,043
117,779
419,989
57,880
(110,634)
225,323
Net cash provided by operating
activities
1,201,584
1,447,343
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
627.904
2,189,075
(627,904)
(2,189,075)
Cash flows from financing activities
Cash inflows from new borrowing
Repayments of boThowng
Interest payable
Net cash provlded by financing
activities
443,076
(69.270)
184,043
1.851,236
(119,439}
57,880
189,763
1,673,917
Change in cash and cash equivalent
in the year
763.443
932,185
Cash and cash equivalents at the
beginning of the year
1.254.269
322,084
Cash and cash equivalents at the
end of the year
2,017.712
1,254,269
Analysis of cash and cash
equivalents
Cash at bank and in hand
Bank loans within one year
Bank loans after one year
Total cash and cash equivalents
2.017.712
(67,520)
2.593,077
{642,885)
1,254,269
(180,659)
2,105,954
{1,032,344)
17

The Hawthoms Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
1 STATUTORY INFORMATION
The charity is a charitable company, limited by guarantee, registered in England and Wales. The registered
offi￿, company number and charty number are detailed in the Governors, annual report.
2 ACCOUNTING POLICIES
Basis of preparation
The accounts have been prepared under the Companies Act 2006 and in accordance with the Charities,
Statement of Recommended Practice (SORP (FRS 102)) and Financial Reporting Standard 102.
The charitable company meets the definrtion of a public benefrt entty under FRS 102. Assets and liabilrties
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 Govemors have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. The charity
therefore continues to adopt the going con￿rn basis in preparing its accounts.
Currency
The Group presents its accounts in Sterling and figures are rounded to the nearest £.
Group accounts
The accounts consolidate the results of the chartty and its wholty owned subsidiary The Hawthoms (Pendell
Court) Limited on a line by line basis. A separate Ststement of Financial Activrties (including income and
expenditure account) for the charity has not been presented as the charty has taken advantage of the
exemption afforded by section 408 of the Companies Act 2006. The subsidiary is a non-trading Gompany. Its
latest un-audited accounts have been made up to 5 April 2024 and it is these accounts that have been used
in the consolKlation.
Income
Donations received for the general purposes of the School are credited to unrestricted funds except insofar
as they are incapable of financial measurement. Donations for purposes restricted by the wishes of the donor
are taken to restricted funds where these wishes are legally binding on the charity.
School fees re￿1vable and charges for services and use of premises are accounted for in the period in which
the Servi￿ is provided. Fees received in advan￿ of education to be provided in future years are held as
liabilities until etther taken to income in the tenn when used or else refunded. They are stated after deducting
bursaries, scholarships and other fee remissions granted by the School.
Sports centre, rental and investment income are accounted for in the period in which they are re￿1Vable.
Other incoming reSoUr￿S are accounted for when received.
Expenditure
Expenditure is accounted for on an accruals basis. with value added tax included within the item of expense
to which tt relates. Overhead and other costs not directly attributable to a particular functional activity category
are apportioned over the relevant categories on the basis of management estimates of the amount
attributable to that activity in the year.
Governance costs comprise the costs of running the charity. including strategic planning for its future
development. also internal and extemal audit, any legal advice for the Governors, and all the costs of
complying with Gonstitutional and statutory requirements. such as the cost of board and committee meetings
and of preparing statutory accounts and satisfying public accountability.
Irrecoverable VAT is attributed directly to the cost to which it relates.
18

The Hawthoins Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
Assets
Fixed assets are shown on the balance sheet at cost less accumulated depreciation. Current assets are
shown at the lower of cost and net realisable value.
Depreciation
Depreciation is provided on fixed assets to write off their cost over their estimated useful lives 8t the following
Freehold and short leasehold propety
Electrical, computer & garden equipment
Fixtures, fittings, tools & equipment
2 % to 10°A straight line
200/0 Straight line
100/0 straight line
Pension schemes
Teaching staff are members ofthe Teachers. Pension Scheme ITPS). a defined benefrt scheme administered
by the Teachers, Pension Agency. Contributions to the scheme are charged to the Statement of Financial
Activities as they fall due. The Teachers, Pension Scheme is an unfunded scheme. Contributions on a "pay
as you go. basis are credited to the exchequer under arrangements governed by the Superannuation act
1972. Actuarial valuations are carried out on a notional set of investments. Under the definitions set out in
FRS 102, the Teachers, Pension Scheme is a multi-employer pension scheme. The school is unable to
identify its share of the underlying {notional) assets and liabilities of the scheme. Accordingly, under FRS 102
the scheme is accounted for as if it were a defined contribution scheme.
The School also contributes to personal pension schemes for non-teaching staff. Teachers that joined the
school from September 2022 are part of this scheme.
Operating lease rentsls
Rentals paid in respect of assets held under operating leases are taken to the Statement of Financial Activtties
as they fall due.
Investments
Investments consist of a shareholding in the group subsidiary and are held at cost.
Cash at bank and in hand
Cash at bank and in hand includes cash and short temi 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.
Creditors and provlslons
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.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Fund accounting
Unrestricted funds comprise those funds which can be used in accordan￿ wrth the charitable objectives at
the discretion of the Govemors.
Restricted funds are those fvnds which can be used in accordance with the specific restrictions imposed by
the donor or which have been raised by the charity for a specific purpose. The cost of raising and
administering such funds is charged against the funds and the School reimburses the costs from unrestricted
funds. The aim and use of each restricted fund is set out further in the notes to the accounts.
19

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
Turnover
The turnover of the charity is wholly attributable to the object of the charity as stated in the Governors, Report
and is earned entirely within the UK.
Taxatlon
The charitable company is registered as a charity and all of its income falls within the exemptions under Part
11 of the Co￿Oration Tax Act 2010.
Deferred taxation in the subsidiary company arising on the valuation of the freehold is not provided for as, in
the opinion of the directors of the Group, the liability is unlikely to arise.
Critical accounting estimates and judgements
In the application of the Group's accounting policies. the Governors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estiTnates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised.
The Governors do not consider that there are any critical estimates or areas of judgement that need to be
brought to the attention of the readers of the financial statements.
3 Incorne from Charitable Activities
2024
2023
Gross fees
Less: bursaries, scholarships and discounts
7.806,427
424,463
7,381,964
399,740
7,781704
7,239,896
428,791
6,811.105
420,778
7,231,883
Extras
4 Income from Other Trading Activities
2024
2023
Sports lettings
Sports coaching
Camp Hawthoms
other trading
Total Sports Centre income
Other lettings and activities
87.165
355,171
207,260
8,470
658.066
919
658,985
80,823
295,915
206,636
8.353
591,727
591,727
5 Other income
2024
2023
Proceeds from sale of West L¢)Jge (from subsidiary accounts)
438,814
438.814
20

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
6 Analysis of Expenditure
Staff Costs
Other
Depreciation
Total
2024
Total
2023
Cost of raising funds
Lettings (inc.
Sports Centre
exp)
Total cost of
raising funds
364,697
294,839
659,536
690,025
364,697
294.839
659,536
690,025
Teaching
Welfare
Premises
Finance costs
Support
Governance
Total charitable
expenditure
4,212.427
28.371
210.355
377,215
615.291
656,217
198.628
547,284
179.076
4,768,718
643.662
1,131.296
198.628
1,024.176
4,048,335
631.377
970,365
121.063
947,629
264,724
and
476.892
4,928,045
2.394.635
443.800
7,766,480
6,718.769
Total Expendlture
5,292.742
2,689 474
8,426,016
7,408 794
Analysis of support and Governance costs
2024
2023
Governance costs-
Auditors, remuneration for audit services
13,440
13,440
15,000
Support costs:
Auditors, remuneration for non audit seNices
Support staff wages. national insurance and pension
Other support costs
14,388
476.892
517,896
1.024,176
11,736
466,269
456,184
947,629
Net Income is stated after charging £42.538 (2023: £42,856) to operating lease rentals included within
premises costs.
21

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
7 Comparative Statement of Financial Activities- Year Ended 31 August 2023
Unrestricted
Funds
Restricted
Funds
Total
2022
INCOME FROM:
Donations and legacies
1,000
1,000
Charitable activities
Fees receivable
7.231,883
7,231.883
Other trading activities
Sports Centre
Protection fees
591,727
155
591,727
155
Other income
438.814
438,814
Total Income
8 262 579
1,000
8,263,579
EXPENDITURE ON:
Raislng funds
Sports Centre
690,025
690,025
Charitsble Activities
Education
6.718,769
6,718.769
Total Expenditure
7,408.794
7 408.794
NEf INCOME
853,785
1,000
854,785
Transfers between funds
99.491
(99.491)
Net movement in funds
953,276
(98,491)
854,785
Fund balances brought forward
5.887.481
318,970
6 206 451
Fund balances carried forward
6 840 757
220 479
7,061,236
22

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
8 Staff Costs
2024
2023
Salaries and wages
Social security costs
Pension costs
4.170.437
393,627
728,678
5,292 742
3,706.795
358,816
581,024
4,646.635
Number of employees whose emoluments for the year exceeded
£60.000
2024
2023
£60,000 to £69,999
£70,000 to £79,999
£90,000 to £99,999
£150,000 to £159,999
Contributions totalling £115.826 (2023: £97,506) were made during the year to a pension scheme on
behalf of the above employees.
The average monthly headcount was 149 staff (2023: 138 staffj and the average monthly number of full
time equivalent employees during the year was"
2024
2023
Teaching and teaching assistants (term time)
Others (administration, kitchen. maintenance and sports centre)
74
28
102
63
33
96
The key management personnel of the school are detailed in the Governors. Report.
2024
2023
Aggregate employ￿ benefrts of key management personnel
1,049,668
948.542
None of the Governors received any remuneration or other benefits from the school or any connected
body.
Operating Surplus
2024
2023
Included within the operating surplus for the year are the following:
Charitable Activities - Education
Operating lease rentals (inc. VAT)
42,538
42,856
Governance
Auditors, fees - audit SeNi￿S (inc. VAT)
Auditors, fees - other ServI￿S (inc. VAT)
15,000
14,388
13.440
11,736
As described in the notes to the accounts, no separate Statement of Financial Activities has been
prepared for the School alone. The School contributed a deficit of £29,913 to the surplus of the Group
for the year (2023.. £415,971 to the surplus).
23

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
10 Tangible Fixed Assets
The movement of tangible fixed assets was as follows:
THE GROUP
Freehold
property
Electrical,
computer &
garden
equipment
Fixtures.
fittings, tools
& equipment
TOTAL
Cost
At beginning of year- as
restated
Additions
At end of year
13,242.620
480,162
928,988
14,651,770
598.435
13,841.055
17,969
498.131
11,500
940,488
627,904
15279674
Accumulated Depreciation
At beginning of ye8r- as
restated
Charge for year
At end of year
4,038.608
416.552
545,716
5,000,876
338,268
4,376.876
12,633
429.185
92.899
638.615
443,800
5,444.676
Net Book Value
At beginning of year
At end of year
9.204 012
9,464,179
383,272
301,873
9 650 894
9,834,998
68.946
THE COMPANY
Cost
At beginning of year
restated
Additions
At end of year
as 13.132.620
480.162
928,988
14,541,770
598.435
13,731.055
17.969
498,131
11,500
940,488
15,169,674
Accumulated Depreciation
At beginning of year
restated
Charge for year
At end of year
4,038,608
416,552
545,716
5,000.876
338,268
4,376,876
92.899
638,615
443.800
5,444,676
429.185
Net Book Value
At beginning of year
At end of year
9,094,012
9.354.179
63,610
68,946
383.272
301,873
9,540,894
9.724,998
The freehold property shown in the accounts of the company relates to improvements made to the
freehold propety owned by the subsidTary company and is therefore added to treehold property in
the accounts of the group. The market value of freehold properties is estimated by the Govemors to
be in excess of the book value at the year end.
24

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Yeai ended 31 August 2024
11 Investment in Subsldiary
2024
2023
Shares at cost
71.534
71,534
The Company owns 100 % of the shares of the subsidiary company The Hawthoms (Pendell Court)
Lirnited, company nutnber 700823, which owns the freehold of the premises occupied by the Trust.
Both companies are incorporated in the United lfjngdom and registered in England and Wales.
The trading results of The Hawthorns (Pendell Court) Limited for the year ended 5 April 2024 are:
Profit for the year
Capital and ReseNes
£Nil
£64,507
12 Debtors
The Grou
2024
The Com
2024
an
2023
2023
Fees receivable
other debtors
Prepayments
Loan to subsidiary company
1.623.511
14,325
140,625
1.737.613
16,157
142.470
1,623,487
14,325
140.625
1,737,589
16,157
142,470
45.276
TOTAL
1778,461
1,896.240
1,778.437
1.941,492
13 Creditors due within one year
The Grou
2024
The Com
2024
an
2023
2023
Fees charged in advan
Bank loans and overdrafts
Other creditors and school
fees received in advance
Accruals
2,625,173
67,520
717,408
2,338,080
180,659
975.186
2,625,173
67,520
717.168
2,338.080
180.659
974,946
(Note 15)
242.896
23,796
242,896
23,796
TOTAL
3,652.997
3,517,721
3,652,757
3,517,481
25

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
14 Credltors due after more than one year
The Grou
2024
The Com
2024
an
2023
2023
Long tem loans
Advanced Fees Payments Scheme
due more than one year
2.593,077
308.498
2,105,954
116.492
2.593,077
308,498
2,105,954
116,492
TOTAL
2 901,575
2 222,446
2 901575
2 222,446
Loan maturity analysis
Repayable in less than 1 year (Note
13)
67.520
180,659
67,520
180,659
Repayable in 1-2 years
Repayable in 2-5 years
Repayable in over 5 years
250,311
302,705
2,348,559
225,914
475.348
1 ,404,692
250,311
302.705
2,348.559
225.914
475,348
1.404,692
TOTAL
2.969.095
2.286,613
2,969.095
2.286.613
During the year, the Trust refinanced their existing loans into one loan. Interest on the loan is charged
at 2.55 /J above Base rate. The loan is repayable in February 2043.
Total loan repayments during the year were £69,270 (2023: £119,439).
The Trust also has a Bank overdraft facility. The loans and the overdraft are secured by a fixed and
floating charge on the Group's freehold property. The overdraft was not being used at the year end.
15 Advanced Fees Payment Scheme
Parents may enter into a contract to pay the School tuition fees in advance. The money may be
returned, subject to specific conditions. upon the receipt of one tem's noti￿. Assuming pupils will
remain in the School, advan￿ fees will be applied as below:
2024
2023
Due within one year
Advanced Fees Payments Scheme due more than one year
291,894
308.498
57,740
116,492
TOTAL
600.392
174,232
The balance represents the accrued liability under the contracts.
The movements during the year vrfere:
2024
2023
Balance at beginning of the year
Amounts received during the year
Amounts credited to pupil accounts for fees
174,232
597.968
(171,808)
281,658
16,508
(123.934)
Balance at end of year
600,392
174.232
26

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
16
Restricted Fund
The Hawlhorns Foundation provides a long temi fund to assist the School with bursary awards
and to provide funds for specific capital projects. Donations are received predominantly from
current and former parents and from Old Hawthomians.
Balance at
Income
Expenditure
Transfers
Balance
at
31 August
2024
September
2023
The Hawthoms
Foundation
220,479
(195,479)
25.000
Designation of
Fund
Capital Projects
Fund
Endowment Fund
TOTAL
183,149
(158,149)
25,000
37,330
220,479
37,330
195.479
The School contributed £Nil {2023: £Nil) towards the running costs of The Hawthorns Foundation.
17 Unrestricted Fund
Balance at
1 September
2023
Income
Expenditure
Transfers
Balance
at
31 August
2024
Unrestricted
Designated
The Group
6,401,943
438,814
6,840,757
8,441.379
(8,426,016)
634,293
438,814
195,479
7.051,599
8.441,379
8,426,016
7.051,599
Unrestricted
Designated
The Company
6.408,969
438,814
6,847,783
8,441,379
(8,471,292)
634,293
438,814
195.47g
7,013,349
8,441 379
8.471,292
7 013.349
Designated funds represents funds allocated by the govemors for roof repairs. Transfers represents
the amounts spent during the year.
27

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
18 Net Assets Belween Funds of the Group
UnTestricted
Restricted
Gioup
At 31 August 2024
Fixed Assets
Current Assets
Current Liabilities
Long-term Liabilrties
9,834.998
3,771.173
(3,652,997)
2.901,575
7,051,599
9,834,998
3,796.173
(3,652,997)
2 901 575
7,076,599
25.000
Designated
Unrestricted
Restricted
Group
At 31 August 2023
Fixed Assets
Current Assets
CUr￿nt Liabilities
Long-term Liabilities
9.650,894
2,491.216
(3,517,721)
2,222,446
6.401,943
9,650.894
3,150,509
(3.517,721)
2 222,446
7 061236
438.814
220,479
438,814
220.479
19 Operating Leases
Total lease commitments for assets held under operating leases are £266,646 (2023: £36,348).
2024
2023
Within one year
Between two and five years
72.873
193.773
266.646
32,754
3,594
20 Governors, Remuneration, Reim bursement of expenses and Interests in Contracts
No remuneration was provided to any Governors during the year. No governors were reimbursed travel
expenditure during the year (2023: £Nil).
Mr B J C Dyer, the Chair of Governor. was a director of Bradley Dyer Raw Limited that the company
provides advertising production service worth of £11,772 (2023: £7,292) to The Hawthorns School.
These services are provKled at preferents'al rates.
21 Penslon Costs
The School parlicipates in the Teachers, Pension Scheme ("the TPS"} for its teaching staff. The pension
charge for the year includes contributions payable to the TPS of £479,046 (2023: £454,451) and at the
year-end £Nil (2023 - £Nil) was accrued in respect of contributions to this scheme.
The TPS is an unfunded multi-employer defined benefits pension scherne governed by The Teachers.
Pensions Regulations 2010 (as amended) and The Teachers, Pension Scheme Regulations 2014 (as
amended). Members contribute on a "pay as you go" basis with contributions from members and the
employer being credited to the Exchequer. Retirement and other pension benefrts are paid by public
funds provided by Parliament.
28

The Hawthorns Educational Trust Limited
NOTES TO THE ACCOUNTS
Year ended 31 August 2024
21 Pension Costs Icontlnued)
The employer contribution rate is set by the Secretary of State followtng scheme valuations undertaken
by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared
as at 31 March 2020 and the Valuation Report was published in October 2023.
Following the Mccloud judgement, the remedy proposed that when beneftts become payable, eligible
members can select to receive them from erther the reformed or legacy schemes for the period 1 April
2015 to 31 March 2022. The actuaries have assumed that members are likely to choose the option that
provides them with the greater benefits, and in preparing the 2020 valuation has valued the 'greater
value, benefits for groups of relevant members.
The employer contribution rate for the TPS is 28.6 %, and employers are also required to pay a scheme
administration levy of 0.080/0 gwing a total employers contribution rate of 28.880/0. With effect from 1
September 2024. participants in the TPS are required to take a 3.5 % salary cut to remain in the scheme
so that the rise in employer contributions is cost neutral to the School, or move to the defined contribution
scheme as described below.
The School also operates a defined contribLrtion pension scheme for non-TPS staff. The pension charge
forthe year includes contributions payable to this scheme of £249.632 (2023.. £126,573) and at the year-
end £Nil (2023: £Nil) was accrued in respect of contributions to this scheme. Teachers that joined the
school from September 2022 are part of this scheme, as the school introduced a phased wtthdrawal
from the Teachers, Pension Scheme.
22 Control
The cornpany is limited by guarantee with no one member having overall control.
23 Capital commitments
Amounts contracted for but not provided in the financial statements are £51,253 plus VAT (2023:
£154,596 plus VAT) in relation to the New Nursery Building.
24 Post Balance Sheet Events
Post year end, The Hawthoms Educational Trust Limited announced that it would be joining the
Caterham School group of schools. From the completion date, Caterham School will becorne the sole
trustee of The Hawthorns Educational Trust Limited.
29