NEWLAND HOUSE SCHOOL TRUST LIMITED
(A Regl8tered C(JMp•ny Limited by Guarantee)
GOVKRNORS, REPORT
AI¥D FINANCIAL STATEMENTS
YEAR KNDED 31 AUGUST 2021
Company Registered No. 1004580
Charity Registered No. 312670

NLWLAND HOiJSE SCHOOL TRUST LIMITED
GOVERNORS, REPORT
YEAR ENDED 31 AUGUST 2021
The Govemors present their report and audited fu￿1claI statements for the year ended 31 August 2020.
REFERENCE AL¥D ADMINISTRATIVE INFORMATION
Newlatld House School Trust Limited is incotporated as a company limited by guar8ntee, number l(MM580 Jnd is a
registered Gharity. number 312670. The Registered Offlce and principal Address of the Company is at Newiand House
School, Walde8rave Park, Twickenliam, TWI 4TQ.
GOVERNORS
The Governors are the directors of the company and also the charity trustees and those who served during the year and
since were..
A T Gumpert
M D Battle
R L Burden
Mrs S V Bryce
Mrs B W Canham
HHCook
Mrs J L Iliggins
M Jopling
J Lunnon
HKMann
Mrs D Masters
l R Peachey
JMARoss
Mrs G 14obday
(resigThed July 2021)
(appointed September 2021)
(resigned September 20201
{r¢5ign¢d Dw¢mb¢r 2020)
(resigned June 2020)
{appointed September 2021)
OFFICERS AND ADVISERS
C Skelton
Bursar and Company S￿retary
EBell
Auditors
Haygmacintyre LLP
10 Queell Street Place
London
EC4R IAG
BaDkers
Barclay$ Bank PIC
t£icester
LE87 2BB
Solicitors
Veale Wasbrough Vizards
86 Fetter Lane
tx)ndon
EC4A IAD

NEWLAND HOUSE SCHOOL TRUST I.IMTTED
GOVERNORS, REPORT (Contlnued)
YEAR ENDED 31 AUGUST 2021
STRUCTUR[ GOVERIYANCE AND LMAf4AGEMENT
Governiiig Document
The Company is governed by its Memoranthim andArticles of Association dated 12 March 1971.
Governing Body
The Governors, who are also required under the Articles to serve as mcmbers of the TTU5t, are elected at a full Govemors
Meeting on the basis of nominalions received from individual Governors paying due regard to eligibility, personal
¢ompetence, specialist skiljs, availability and diversity of the governing body.
Governor8, Training
New Governors are apprised of the workings of the School, and also of the Company as a registered charity, includirL8
policy and procedures by ihe Chairnian and the Secretary to the Trnst. Opporhmities are made available for Governors
throughout the year to attend training w0￿shopS and seminars via ihe Secretary to the Trust.
Organisation
The Governors meet at least 4 times per year to deterniine the general policy of the school. The respowibility for academic
standards and the day to day operation of the school is delegated to the Head whilst the Company Secretary as Burs8r is
responsible for financial, proEKrty and athninistration tnatters. The Goveming Body includes the following policy sul
comrnittees: Education, Estates, HR, Health & Safety land Child Protection), and Finance & General Purposes.
Key Management RemuDeratlon
The Governor5 rely on the Senior Leadership TeaTn (SLT), including the Head and Bursar for the operation of ihe s¢h¢)ol
and the SLT is considered to k the key management group within the school. The SLT consists of., the Head. Bursar,
Deputy Ilead-Pre Prep, Deputy Head, Deputy Ilead-Acadeinic, Admissions Manager and HR Manager. Key management
remulleration is sei by the Reinuneration Commiltee, consisting of governors from the Fin￿¢¢ and General Pujposes
Committee and the Chair olGovernor8.
OBJECTIVES, AIMS AND PIUNCIPALACTIVITIES
Strategic Aitll and IDtended Effect
The objects for which the trust 15 established are topromote and provide fortheadvancement of educaiion and in connection
therewith to conduct and carry on, acquire a[￿ develop in the United Kin8dom any boarding or day school or schools for
the education of children of eithersex orboth sexes. The school's polLCy 15 forboys and 8irls to attain the highest academic
levels whilst also benefiting from a broad curriculurn of sporting, tnusical, artistic and other activities to develop their
interests and abdities and to prepare them for tbe senior ￿h0o1 of their choice.
On-going Objective
Th£ Governors, main objective continues to reflect the desire to maintain the stability and succ￿1 of a co-educational
family %chool by investing for the fvture and for the benefil of pupils. The kry element of thc Trust's present strategy
revolv￿ around the continuing review of the school's facilities to ensure that they meet the necds of current al￿ ￿tUre
pupils.
Charities Act 8nd Pllb]ic Benefit
Thc Governors rccognise their responsibilitics in providing and dem¢)nstr8ting public benefit. The School ha$ and
continuw to demonstrgte a number of areas of publi¢ benefit within its ¢ore Charitable objective. The idehtifiable benefits
include both the provision of means-t&8ted bursaries and a ronge of ¢ommunity g¢tivitie$. Further details are sct out in the
Public Benefit scction of this report.
The Governors, similarly to those of otherindepend¢Dt school chariti￿, have taken note of the sub kctorguidartceprovided
by the Charity Commissson and ar¢ aware of the Charity Comrni88ion a8se8smcnt8 into public benefit al independent
schools. They will continue to work with the ISC and ISJ3A to encourdgc and demonstrate effectlve public benefit.

NEWLAND HOUSE SCHOOL TRUST LI￿llTED
GOVERP40RS' REPORT (Continued)
YEAR ENDED 31 AUCUST 2021
STRATEGIC REPORT
REVIEW OFACHIBVEMENTS AND PERFORMANCE FOR THE YEAR 202fv21
The trnst has continued to operdte as a preparatory school for boys and gir15 and has offered education to pupils aged
between 3 and 13 years.
Teaching and Legrning
Despite the ongoing Covid challenges, thxs was a very successful yeaT. Children at the school continue to be taught in small
classes by excellent tea¢hers. The quality of pastoral care remains excellent and children are happy and their wellbeiibs
looked after. The s¢hool maintains an cfEective balance between focused attention on the academic subjects and the breadth
of cutriculum required to deliver an all-round education. The children at Newland Elouse make excellent progress in all
area5 of 5Ghool life and a¢hieve highly.
The core subjects of Mathematics, English and Scien¢e remain at the een¢re of the ￿h0o1 cu￿]culum. In Mathematics.
secwe conceptual understanding is developed before linking lo the abstract and English xs based around children reading
proficiently aTLd understatLdin8 the meaning and theme6 within increasingly complex texts. In both of these are&s, our
children continue to achieve highly. S¢ien¢e lessons involve developing the children's skills of scientific enquiry.
The creative arts continue to be well.represented. Two- and tbree•dimensional art projects inspire children, includin8 clay
projects for Year5 5 and 7. In Design and Technology, children from Year 3 and above continue to work in the DT
laboratory using a cotnbination of materials. Music remains a strength at the school and Dramo this ycar has bttn given an
increase in CUJTiculum titne to reflecl its importance for children's development.
Tbe humanilies reTt]ain an integral part of a child's education at Newland House, with our curriculum looking at the
Geography and History of both the local area also events and concepts of national and international significance. This
occurs throughout the school. A topi¢-ba$ed approach continues to be used it) the Pre-Pry an example would be a unit of
work about the Great Fire of London en¢ornpassing all subje¢ts in Year 2- whereas there 18 a more discrete approach with
the older children.
The school continues to give significant lesson time forchildren to learn a foreign lat)guage- French. The emphasis remains
on speaking and listening to ensure that children are able to U￿derStand and be understood. Latin from Year 6 and above
provides children with cultural and linguistic reference on which many other.8ubjects.8tand.
Sport and physical education temain a fundamental pan of school life. There has been an increased move this year towordy
gender lleutralhty in our sporting offerii)g- our summer sport is now cricket for both boy8 and girls, and girls, football is
being increasingly tsught and enjoyed. Following the winter lockdowm. fiX￿re8 against other schools were again a
significant part of children's education• all boys and girls in the Prep played ¢rick¢i for the school in girls, Ix)ys and mixed
teams.
Children's Gultural developmentremains a sign1ficantaspectof.￿ho0j lifewith an emphasi8on recognising and cel¢brating
the diversity within the school community and beyond. In Nursery for example our younge8t children l¢arn about Diwali
and Chinese New Year to t￿ne but two.
Tripb, visits and speclal tvents
Despite the period of lockdown, and the ongoing restrictions. a large number of scheduled residenti81 and edu¢ational day
trips 81111 took place. These included a Year 8 field S￿dY day atthe River Tillingboum¢ to collect dats fara ￿wrchprtsjtttt.
In addition, the Year 7 pupils visited Salisbury Cathedral and the Year 5 pupils participated in a teombuilding exercise at
Horseshoc Lake. Years 6. 7 and 8 also went on resideniial trips in the Summer Terni to activity ¢entre8.
For children within the Pre-Prep. we had a number of visi¢ors coming into s¢h(K)I to allow the children widerstand the
topics that they Icam about in more depth. A casile workshop for year I proved populaT, as did a visit by a local guide dog
into Reception classes.
Co-eurrleular
An extensive clubs programme remains a vstal part of a Newland House child's education. These take place before school,
during lunch breakand afterschool. Some are subjectbased, for example sport 8quad trdintng orexiension art club, whereas
others arc mtsre wide reaching. Dance club is ever popular in both thc Prep and Pre-Prep parts of the ￿h0o1 as is the STEM
club {Scicnce. Teclmology. Engineering and Maths) and Chess club to name but a few.
Music was again 8ignificantly represented with seven differcnt choirs ond ho%t of en8cmbl&s and groups. The year
culminaied with a fabulous 'Proms in the Playground..
Wiihin the sporting field, extra-curricularactivities were centrcd around rnore specific intere8ts, such as tennis and fencing.
as well as to help develop children's $kills- foT exarnple netball club for all Prep children.
Senior School Transition
All leavers gained enty to ¢ompetitive, 8electiVC 8ccondary sehools with many reeeiving awards for academic and non-
academic exccllence: in the year 2020121 childrell gained a total of 28 scholarships.

NEWLAND HOUSE SCIIOOL TRUST LIMITED
GOVERNORS, REPORT (Contlnued)
YEAR ENDED 31 AUGUST 2021
Response to CoYid19
With the 5¢hcK)I building being closed to all children for the majorily of the Spritig Terni, delivering our iti-¥chool offering
to children at h(￿le was again vital. Although nothing catt fully replicate children learning, socialising and playing together,
we were justifthly proud of the way that our children's education coniinued remotely. All year groups weie Laught within
live lessons by their teachers and feedba¢k given via email or webitiar. Beyond lessons, forni time and asseinblies were
also part of the daily offering, as well as one-off events such as 'Creative Day, in whi¢h t¢ach¢r8 off¢r¢d Sessions on topics
like Cookery, jewellery making and modelling.
Fif4ATrICIAL REVIEW AND RESULTS FOR THE YEAR
Income increased from £5,573,846 to £6.063251. Th¢r¢ was a increase in expendItt￿e from £5,485,739 to £5.736,990
The net surplus for the year was £326.261 {2020.. £88,107). The designated ￿ndS now stand as follows..
Property Fund
Discr¢tionary Fund
£4,904,831
£400,211
The prillcipal sour¢¢ of in¢om¢ 1$ fees which account Eor98V/ts of total income. The Governors are continuing their strategy
of deployiThg all n¢t incorning resources to investing in the educational purposes and hbrio olour School. As a charily the
parents of our pupiis have the assurance ¢hat the income of the School must be applied for educJtion81 purpos¢s.
Freehold Properties
The Governors have obtsined a Current Ma￿et valuaiion of all tbe freehold laTMI and buildings in 2015, which confJrn]ed
that the value is substantially in ex¢ess of I￿k value.
POLICIES
Reserve$ PDIRCY
The Governors regularly review the finallces, budgets and spend against budg¢t tog¢th¢r with a ternily cash flow analysls
a$ part of the effective stewardship ofthe School.
In common with other independent schools, the Governors have invested ¥ubstantial sums inlo the school buildings in
recent years, most notably the new Pre-Prq) which opened in September 2016 and have a ¢ontinuing programme of
refurbishment. development and investment to rnailltaill excellent teaching facilities for our pupils.
A designated fund, the Property fund, is endowed by amounts appropriated out of income eaLh year to provide a fimd for
the replacement and improvement of the exisling properties alld this is represented by the approximale level of the
inV￿trnent in the property. At 31 August 2021 tbe balance on thi$ fimd was £4,904.831. The Governors Created a
dis¢relionary fund during th¢ year with a traosfer of £556,109 to fund irnprovements to the Prep S¢hty)I building. Ar 31
August 2021 the balattGe on this fund wa5 £400,211 All whool fiuth are unrestricted.
At 31 August 2021 the School's free reserves were £2.148,126, as lollowing significant investment inthe pie-prep building
the majority of resetyes are held within fixed a&8ets.
Bursarfies
Bursaries are granted to pupils who may not othenvise have the opportunity to receive an independent schwl educatLOn.
This suppor4 which is available on a nttds basAS as detem)ined by the Finance and General PutP05es Committee, reduces
annual gross fee income.

NEWLAND HOUSE SCHOOL TRUST LIMITED
GOVERf40RS' REPORT (Continued)
YEAR Ef4DED 31 AUGUST 2021
rublic Benefit
I'he Governors continue to look at activities that will strengthen the School's linEs with the local community and provid¢
publi¢ benefjt. Due to COVID restrictions during the year many external orgat)siations w¢r¢ noi abse to use the school's
facilities howev￿ they are duc to resume in the Autumn of 2021.The School made availabl¢ its music facilitics frec of
chargc to a local community choir and acted as a music examination centre.
A local yoga group based inTeddington have beneflttcd from u81ng the school facilities during the year. Facilities have a]so
been made availablc at weekends and during the school holida￿ to piovide rugby. foolb￿l, drama, music, art and multi
activity Camps for Children in the local community
The OtakerKraus Mustc Trnst is a local clwity whioh ben¢fitted from using the school music facilities ai weekends during
the year.
Throughout the year fund raising activities were organised by the school to benefit the Hcad Boy 8nd Head Girl's chosen
charity, Stre£tinvest.
The school opeiates the Early Years Funding iniiiative in conjunction with the LL)n(lon Borough of Richmond upon TtMme8
to assist eligible pupils in their Nursery and Reception years.
FUIYDIL4ISING APPROAC14 AND PERFORMANCE
The Governor% are aware of the Charities (Protection and Social Investment) Act 2016 and recognise the Tmportance of
meeting the highe81 standards of practice and care in relation to fi￿draisIllg activitie8. The School only raisG8 funds frotn
parents. staff and th04e with a personal connection to the ￿h0o1 and not undertake fundraising campaigns to tnembers
of thepublic, nordoes It usethe seNices of third party fijndraisers. The School considers the origin ofunsolicit¢d donalions
and legaci&%. £5,078 of donations income was received in the 2021 financial year.
RISK MANAGEMENT
The Governors are r¢spon8ible f(Trr identifying, wessin¥ aud mitigating potential risks that may afr￿t th¢ School. Th¢
Ri8k Register is reviewed anllually to ensure all risks are identified and controls established to provide r0bll￿t mitigation.
In response to the COVID-19 pandemic the Governors met at key points to agree to the school closur¢ and remote learning
provision and the associated risk assessmentg which were updated to comply with Government guidwe and th¢
uirements of th¢ school'¥ insuret¥.
The Governows continue to keep the School's activities under review and consider the major risks faced in each of the
principal areas of th¢ School's operations. In the opinion ofthe Governors the Lharity has established resources alld review
systems which, under nOrll￿l conditions, should allow th￿e risks to be mitigated to an acceptable level in Its day to day
operations.
The principal Controls u8¢d by the S¢hool are..
Fomial Agendas for all Board and Sub-Comtnitte¢ m¢¢ling$, including a range of stsnding agenda items
T¢rrn$ of Reference for all Committtts
Comprehensive strategic planning, f]nancial for¢Gasting, budgeling and management accounting
Established organisational structurcs and lin&s of reporting
Comprehensive fomi41 Written policies
Clear financial authori8ation limits
Safeguaiding procedures, as required by law, for the protection of the children
SufFicient alld appropriate traitling for governor5 and key staff

NEWLAND HOUSE SCHOOL TRUST LIMITED
GOVERNORS, REPORT {Contlnued)
YEAR Ef4DED 31 AUGUST 2021
PRINCIPAL RISKS AND UNCJLRTAINTIES
The key business impacls and associated mitigations identified are..
E¢onomic Factors..
The increasing cost of tbe Tewh¢rs' P¢n8ion Soh¢me which is a defined benefit scheme- continuing review of
staff pension arrangcments
The widening gap betwcen rich and poor- an appropriatc bursary policy
Affordability in the Independent School sector- sensible fee 8tN¢ture and appropriate bursary policy
In¢reaS￿ wst of eDerBy rGsour¢e8- robust budgeting
MaCrO-￿0noM1C instability- Sensible fee strnciure and appropriate bursary poliry
Internet-based or ¢yber-at(a¢ks- appropriate network sys¢¢ms and highly qualified ET staff
Political factors..
Changing goven]mental and publi¢ attitudes to independent EduGation- abilily to de￿OnStrate comlnullity valu¢
in the school and its assets, provision of means-tested bur8arieg
Ensuring the school keeps up to date with wlitical, lebyi81ative changes to regulatory c¢)mplian¢e- appropriate
training for staff and governors alld use of external audit and exp¢rti¥¢
Legal factors-
Employment law chang¢s- seminar att¢ndan¢e for staff and advice from lamryers
Regulatory compliance becoming more Challenging- senior thff reactive to chattging Government and ISI
requirements
Internal..
Reputational damage- good and timely com1nun￿ati0n be¢ween governors. staff and parents
Governance- strategic plan, training for Governors, use of external advisors. membership of AGBIS and ISBA
Financial Control- financial procedures, oversight by those charged with gtsvernance, monthly management
awounts
A¢ademi¢ Stsndards-monitoring by Education corn￿1ttee aud key Staff.
FUTURE PLATr4S
The Sch(y)I continues to itivest in digitsl learning opportunities aerik%S the curriculum.
The Govemors will continue to implement improvements and upgrad&s to the existing buildings and supwrt infraslrnc￿re
where necessary. based on sound prioritisation and financial pnldence. The refurt)ishment programme for thc Prep part of
the school commenced in the summer of 2021 and the secand gnd third phase is bcing ￿h¢duled for 202112022 and
202212023.
The Governors are Gonscious of the pre¥sures in Year8 7 and 8 in the Prep School sector in the locality and continue to
monitor trends and pareutal appetite for reterltion of pupils in theRe Y￿ groups. The School will be rolling out an updated
oITenng for children who stay into Years 7 and 8. which will provide them with what they need as they move into iheir
senior scbools and beyottd.
The S¢h¢)ol continues to review the teaching and learn]ng offcring it gives lo it$ pupi18 and will be investing in hIgh￿uality
professional development oppommiries for all of its sthlT. to ell￿￿re excellence in this ar¢a.

IYEWLAND HOUSE SCIIOOL TRUST LIMITED
GOVERNORS, REPORT (Contlnued)
YEAR ENDED 31 AUGUST 2021
AuD￿ORs
Messrs Haysmacintyre LLP have expTes8¢d their willillgness to Gontinue in office as auditors.
STATEMEf4T OF GOVERNORS, RESPONSIBILITIES
The purpose of this ststement is to distinguish the Governors, responsibilities for the a¢counts fn)m those of the auth'tors as
stated in their repotL
The Governors are rwnsible forpreparing the ajjnual re￿rt and the f]Dancial statements in accordance with apphcable law
and United Kingdom Generally Accepted Accounting Pra¢ti¢¢.
Comppny law requires tbe Govemors io prepare flnancial slatements for each fll]ancial year which give a true at)d fair vicw
of the state of affairs of the company artd of the profit or loss of the Company for tbat period. In preparing those fLoan¢ial
ststements, th¢ Gov¢mors ate required to:
s¢lect suitable accoullting policies and then apply them consistently;
observe the methods and principles of the Chariti&8 SORP.
make judgements. and estimates t1￿ are reasonable and prudent..
state whether applicable accol￿tIng standards havc been followed, subject to any matrrial depaitres
diaclosed and explained iti the fmancial statements.
prepare the flnancial stateinellts on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The Governors aT¢ responsibl¢ for keepin¥ proper accounting records which disclose, with re4g0nable accuracy, the financial
positton of the company at ally time, al￿ to cnable them ￿ ensure that the ac¢ounts wmply with the Companie5 AGt 2(XJ6.
They are a]50Tesponsibleforsafeguardingtheeomyany's ¢oJporate asS¢tsaT￿ those of its iLustfuDds B￿denSUring theirproper
application in accordance with charity law, and hence for takmg reasonabl¢ st¢p¥ for the preventioll and (ktection of error.
fraud and irregulaTiti¢¥.
So far a5 each of th¢ Gov¢rnor3 A¥ aware at the time the r￿￿tt is approved..
Th¢re 1$ no r¢levant audit inforn)ation of which the company's auditor5 are unaware,. and
The Governors have taken all S￿pS that they oughi to have taken to make theTnsclves aware of any
r¢levattt audit infomiation alld to establish that the auditors Bre aware of that infor￿ation.
The GovernoTS' ReporL incotwkrating the Strategic Rekxpffj was approv¢d by the GoYernoT8 at its meeting on
and signed on its behalf by..
A T Gumpert
Chairman of Governors
9th Decemb¢r 2021

INDEPENDENT AUDITORS, REPORT TO TEIE LIIEMBERS OF
NEWLAND HOUSE SCHOOL TRUST LIMITED
Opinlon
We have audited the financial statements of The Newland House Schoo]s Trust for the year ended 31 August 2021 which
Comprise the Staternent of Financial Activities, the Ba]ance Sheet, the Cash Flow Statement and notes to the financial
statements, including a summary of significant accounting policies. The financial reporting framework that has bcen
applied in their prepardtion is apphcable law and United Kingdom Ac¢ounting Standards, inLluding Financial Reportlllg
Stsndard 102 The FinancialReportrng SÉandardopplicable in ihe UKandRepublic ofIreland (United Kingdom Generally
Acceptrd Accounting Practice).
lu our opinion, the financial statements..
give a trne and fair view of the state of the charitable compaTLy'S affairs as at 31 August 20214nd the charithle
company's rtet movement in funds, ithcluding the income and expenditure, for the year then endeil.
have been properly prepared in accordan¢e with United Kit]gdom Generally Accepted Accounting Prdctice,. and
have been prepared in accordance with the require[￿¢￿15 of the Companies Act 2006.
Bas18 for oplnion
We conducted our audit in acconlance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law.
Our responsibilities underthose standards are furtherdes¢ribed in the Auditor's responsibilities for the auditof the financial
statements section of our report. We Sre independent of the ¢haritable¢ompany in ac¢ordance with the ethical requirements
that 8re relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have
fulfilled our other ethical responsibiliti￿ in accordance with these requirernen￿ 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 finan¢ial.qtat¢mcnts. we have concluded that the governors, use of the going conccrn basis of accounting in
the preparation of the financial statements is appropriate.
Based on the work we have perfornied. we have not ideniified any material urtcertainties relating to events or conditions
that, individually or collectively, may cast signiffftcant doubÉ on the group's ability to eontinue as a going concern for a
period of at least tsvelve months from when the fmancial statements are auth0ri5ed for i&8ue.
Our r&sponsil)ilitl&8 and the responsibilities of the trustees with r¢spwt to going concern are described in the relevant
sections of this report.
Other Informatlon
The govemors are responsible for the other infornlation. The other infornialion cornprises the infom)ation included in the
Govemor's Report. Our opinion on the financial Atatement% does not cover the other inforniation and, except to the extent
otherwise explicitly Stated iti our report. we do not ¢xpres$ any folin of assurance Conclusion thereon.
In coJ]nection with our 8udit of the financial statements, our re%poTLqLbility 1$ io read the other inforniation and, in doing so,
consider whether the other illforniation is materially inconsistent with the financial Statemen18 OT our knowledge obtained
inthe audit orotherwise appears to be tnaterially mi8Stated. If we identify such material in¢on81Stenciesorapparentmaierial
misstatements. we are requird to d¢tern]ine whether there 18 a material mi8Statement in the financial ststements or
material mis¥ta(¢ment of th¢ other infonnation. If, b&8ed on the woJ* we have performed, we conclude that there is a
material misstatemellt of this other iDf¢)nllallo￿ we are reqUI￿d to report that fact. We have nothing toreport in thisregard.
Opinions on other m4tler$ prescrlbed by the Companles Act 2006
In our opinion, based on th¢ work undertaken in the courye of the audit..
the inforn)ation given in the Governor's Report (which inco0)0rd￿8 the strtttegie report attd the directOT8' report)
for the financial year for which the financial statements are prepared is consistent with the flnancial statements.
the strategic report and the directors. report inoluded within the Gov¢mors' Report ha8 been prepared in
accordance with applicable legal requirements.

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
NEWLAND llOUSE SCHOOL TRUST LIMITED
Matters on which we are required to report by exceptlon
In the light of th¢ knowledge alld understsnding of the Charitable company and its environment obtsined in the course of
the audit, we have not identifLed material rni&8tatements in the Governor's Report {which Inco￿0[￿teS the strategie report
and the directors, report}.
We have nothing to yeport in respect of the following matters in relation to which the Compani&s Act 2006 requires us to
rq)ort to you if. in our opinion=
dequate attounting records have not been kept by the charitable company; or
the charitable company f￿anCIal slatenients alf not in ag￿ment with the accounting records and re￿rn9' or
certain disclosures ofgovernors, remulleration specified by law are not made. or
we have t￿t received all the information and explanations we r4uire for our audit.
Re5ponsibilili¢s of governor5 for the finanel*l statements
As explained more fully in the governot5' responsibilities statement se¢ out on page 7. the 8ovemors are responsible for
the preparation of the f￿￿￿etaI statemenls alld for being satisfied that they give g tnle and fair view, and for such intemal
control a¥ the govemors d¢terniine is necessary to enable the preparation of financxal statements that are free from material
Mi￿laternent, whether due lo fraud or error.
In preparing the fll)ancial statements, the governors are responsible for asse&sing the charitable company's ability to
continue as a going con¢em. disclosing, as applicable, rnattus related to going concern and using the going concern basis
of accounting unless the governors either intend io liquidate the ¢tMitable company or to cease operations, Or have no
realistic altemative bul to do so.
Auditor's responslbllitles for the *udit of tbe fAnancial statements
Our obj¢¢tives are to obtain re4s0nable a$surdnce about whether the financial statements as a whole ar¢ free from material
In15slateTnEnt, whether due to fraud or ern)r, and to issue an auditor's report that includes our opinion. Reasonable a8%urance
is a high levcl of assurance, but is not a guardntee that an audit conducted in accordance with LSAS (UK) will always detect
a material Tnisstatement when it exists. Mi8Statements can ar1￿ from fraud or error and are consider¢d material if.
individually or in the aggregate. they could reasonably be expected to influence the economic decision8 of users taken on
the basis of these financial statements.
Irregularities. including fraud. are instances of non-compliahce with laws and regulations. We design procedures in line
with our responsibillties. outlined above, to detect material misststements in respect of irregularities, including fraud. The
extent to which our pmcedures are capable of detecting iryegularities, includin8 fraud is detailed below..
Baled on our understanding of the charitable company and the environment in whxch it opeTates, we identified that th¢
principal risks of non-compliance with laws and tEgulations relaied to the independent school regulations, safeguardillg
regulations, health and safely requirements, GDPR, employment law and Charity Commission's general guidance and we
considered the extent (o whichnon-compliance mighthave amaterial effect on the flnanci￿ Statements. We also consid¢r¢d
Ihose laws and regulations that have a dIr￿t impact on the preparatlOD of the fthancial statements such as the Compat]ies
Act 2006, the Charities Act 2011, the Statement of Recommended Practice for Charitie8 {SORP 2015) (Second Edition.
effective l January 2019), and consider other factor8 such as PByroll taxes and VAT.
W¢ evaluated management's incentives and opporthnities for fraudulent manipulation of the financial slatements in¢ludiThg
the risk of override of controls. Audit procedures perfornied by the enga¥etnellt team ineluded..
Enqutries of management regarding correspondence with regulators and tax authorities.
Discussions with management including considerdtion of known or suspected instances of non-compliance with
laws and regulation and fraud.
Evaluating management's controls designed to prevent and deteet irregularities.
Testing journals posted duritig the year. and
Challenging assumptions and judgements made by management in their critical a¢¢ounting estimAtes.

IIYDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
NEWLAND HOUSE SCHOOL TRUST LIMITED
A fijrther description of our responsi￿llItieS for the audit of the financial statements is located on the Financial Reportin8
Council's websits at.. www.frc.()r'
' )l)11%il)ililiLK This description fomis part of our auditor's report.
Use of our report
This report is made solely to the charitable Gompa[h￿S rnember5. as a body. accordance with Chaptcr 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 member¥
those ll￿tters we are required to 5tste to them in an Auditols reportand forno other pu￿ose. To the fullest extentpernjitted
by law, we do not accept or a5surne responsibility to allyolle othertlwi the clwitable cotllpany and the charitable compally's
m¢mbus as a b¢xly, for our audit worK for tbis rq>ort, or for the OPiDions we have fornjed.
Kathryn Burton (Senior Statutory Auditor)
For and on behalf of Haysmacintyre LLP, Statutory Auditors
10 Queen Street Place
London
EC4R IAG
Date.. 17 December 2021
io

NEWLAND HOUSE SCHOOL TRUST LIMITED
STATEMETr4T OF FINANCIALACTIv￿IEs
FOR THE YEAR ENDED 31 AUCUST 21121
Unre8tricted
Funds
Restricted
Funds
21121
ThtAI
2020
Total
Notes
II¥COME FROM
Charitable a¢tsvities
Fees ￿e1Vable
Suscainable transport
initiativeg
Other educational income
5,793,295
20,350
5.793295
20J50
5,345.068
14.329
3a
167,731
167,731
71,389
Grants & donations
3b
60.206
60.206
118,740
Rai8ing fimds: rents and
lettings
Investments
20.176
20,176
19.645
743
743
4.675
Profit on sde of a88ets
750
750
Total income
6,063,251
6,063,251
5,573,846
EXPENDITURE
Charitable activitie8
5,735,952
1,038
5,736,990
5,485,739
Total expenditure
4.5.6
5,736,990
1,038
5,736,990
5,485.739
NET
(EXPENDITURENINCOME
327299
(1,038)
326,261
88.107
Transfer between funds
NET MOVEMENT IN
FUNDS
327.299
(1,038)
326,261
88.107
Balances brought fotward at
I September 2020
7,125,869
1,038
7.126.907
£7.038.800
Balan¢es carried fotward at
31 August 2021
12
7.453,168
7,453.168
£7.126,907
The accompanying notes fomi an integral part of these accounts.
Therc were no recognised gatns and losses other than those shown on the above Statement of Financial Activities.

NEWLAfqD HOUSE SCHOOL TRUST LIMITED
COMPANY NUMBER: 11104580
BALANCE SHEET
31 AUGUST 2021
21J21
2020
Notes
FIXED ASSETS
Tangible &88ets
9,677,663
9.773.016
CURREiYf ASSETS
Stock
Debtors
CAsh at b¥nk and in hand
4,530
120.728
2,462,743
134,695
1,597.165
2,588,001
1,731.860
CREDITORS- duewithin one year
10
(1.255,509)
(1.328.102)
NET CiJRRENT ASSETS
1,332,492
403,758
CREDITORS: due after mor¢ than
on¢ year
(3,556,987)
(3,049,867)
NET ASSETS
7,453,168
7,126,907
RepTesented by:
GENEIL4L FUND
12
DESIGNATED FUNDS
12
7,453,168
7.125.869
RESTRICTED FUNDS
1.038
TOTAL FUI+lDS
7.453,168
7,126,907
The f￿￿1¢la1 ¥tatement3 were approved a￿1 authorised for issue by the Board on 9th December 2021 and were signed
below on its behalf by..
A T Gumpert
R L Burden
The accompanying not¢8 forni aTh integral part of these accounts.
12

NEWLAIW HOUSE SCHOOL TRUST LIl￿TED
STATEMENT OF CASH FLOWS
YEAR ENDED 31 AUGUST 2021
2021
2020
Notes
Net provided by oper*tion8
762,867
682,347
C85h flows from InV￿ting activitia:
Deposit interest
Loan interest payable
Pur¢h&8e of fixed &8scts
Pr(tteds from sal&8
743
(58,888)
(254,026)
1,773
4,675
(77,979)
(98,623)
Net casb (used in)1 provided by invtjting
activAtleJ
(310,498)
(171.927)
Cash flo￿ from financing aetivitieg:
New loans
Repayment of108llS
3,267,lYJO
(2,853,891)
(165,000)
Net ¢18h u8¢d In flnanelng aetlvltleg
(165,000)
Change In ea8h and easb equlvalents In tbe
reportlng perlod
865,578
345,420
Net eash and ￿$h equivalents at beginning of
period
1,597,165
1,251.745
Net eagh Ènd ea8h equivalents at end of peri(yJ
2.462,743
1,597,165
NOTES
RECONCILIATION OF NET MOVEMENf IN FUNDS TO
NET CASH INFLOW FROM OPERATIONS
2021
2020
Net l¢xp¢ndibJreVin¢om¢
Depr¢ciation oharg¢s
Bank int¢rest
Bank loaa ititerest payabl¢
D¢btor$ dKreasel(increa$¢)
Cr￿lIOrS {d￿reaSe￿Iner¢￿e
326261
343,079
{743)
58,888
13,967
21,415
88,107
373.985
(4,675)
77.979
(4,129)
151,080
Net cash inflow from operaling activit1¢8
1,175.976
682,347
2020
Ca$hflow
Non-C4sh
flow
21121
ANALYSIS OF MOVKMENTS IN NET
DEBT
Cash at bank and in hand
1,597.165
413,109
2.462,743
Loan- Borclays- due within on¢ year
Loao- Barclays- due after one year
(184,564)
{2,669,327)
10,787
423.896
(173,777)
(3,126,223)
Total
(1,256,726)
(837,257)
13

r4FWLAND IIOUSE SCHOOL TRUST LIMITED
r40TES TO ACCOUNTS
YEAR ENDED 31 AUGUST 2021
ACCOUNTING POLICIES
B4$is of Preparation
The fl[ll￿cial statements have been prepared in accordan¢e with the Financial Reporting Standard applicable in the
UK and Republic of Irelond (FRS102), the Statement of Recommended PrdCti¢e applicable to charities preparing their
accounts in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)- sewnd edilion effective l January 2020.
The a¢¢ounting poli¢ies set out below have been applied in preparing the financial statements. for the year ended 31
August 2021 and the comparative information pres¢rLted in these financial statements for the year ended 31 August
2020. The financial statements ale drawn up under the historical cost convention.
The School is a Public Benefit Entity registered as a charity and compally LD Ellgland and Wales, it was illCOEEK)rated
on 12 March 1971 (charily numb¢r 312670 and company registration number 1004580).
Goill¥ collcern
Having reviewed the funding facililies available to th¢ S¢hool together with the expected ongoing demand for places
and tbe School's future projeLted ¢ash flows, the Governors have a reasonable expectation that the Sthool has
adequate r¢$our¢es to Contsnue its activities for the foreseeable future and ¢onyider thai ther¢ were no material
uncertainties over the School's fmancial viability. Accordingly, they a180 contiDue to adopt the going Concern basis
in pieparing the financial siatements.
Critical 8ceounling judgements and key 50ur¢e& of estimation uncertaiiity
In the application of the a¢¢ounling policies, the Governors are required to make judgement, e8timat¢s, and
assumptions about the carrying value of a&sets and liabilities that are not readily apparent from other sources. The
estimates and underlying assumplions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in whi¢h the estimate is revised if the revision affects only that period, or in the period of the
revision and future pericmjs if the revision affected current and future periods.
In the view of the Governors. no assumptions concerning the fulure or estimation uncertainty affecting assets or
liabilities ai the balaDce sheei date are likely to result in a material adjuslment to their carrying amounts in the next
financial year.
The following accounting policies have been applled Gonsistently in dealing with items which are Considered materlal
in relation to the School's fthancial statemellts..
Fees and slmllar iDcome
Fees receivable and charges for sernices and use of the premtses, less any allowances, scholarships, bursaries granted
by the School against those fees, but including Gontribution reGcived from restricted fimds. a￿ &ccounted for in the
period in which the seTvice is provided.
Donatlons
Donations arc accounted for as and when entitlement arises, the amount Can be reliably quantified and the economlc
benefit to the School is considered pr(>bable.
Investment intome
Jnvestment Income from dividends, bank balances and fjxed interest securities is accounted for on an accruals basis.
14

NKWLAND HOUSE SCHOOL TRUST LIMITED
Tr40TES TO ACCOUNTS Icontlnued)
YEAR E[￿ED 31 AUCUST 2021
ACCOUNTING POLICIES IcoDtinuedl
xpendilure
Charitable activities costs Tepres¢nt costs directly a88ociated with the provision of educaiion and Telated support
costs. Expendithre i.s allocated to each expen.%e heading on a direct cost b&sis. The irrecoverable elemeni of VAT
is included with thc item of cxpense to which it relates.
Governance costs comprise the costs of rnnning the charity, including strategic plaTming for lis future development,
extcrnal audit, any legal advice for the School's GovernoTr, and all the costs of Complying with constibjtional and
ststutory reqvirements. such as the costs of Board and Committee meetings and of preparing sta￿tOry accounts a￿d
sati8fying public accountability.
Fin8ncial In$trllments
Basic finan¢ial instnlments are initially recogni8ed at tran8a¢tion value and subsequently me&sured at amortised
with the excepuon of inveslrnents which are held at fairvalue, Financial assets held at arnortised cost Comprise cash
at bank and in hand, togcther with trade and gther debtor8. A spccific provigion is made for debis for which
recoverabilsty is in doubt. Cash at bank and in hand 18 defined all c4$h held in instant acc&8s bank accounts And used
as working capital. Financial liabilities held at amorti8ed cost comprise all creditors ex¢ept Social security and other
tsxes and provisions.
Debtors
School fee and other debtor8 are recogni8¢d at the settlement amount due after any tiade discount offered.
Prepayments are valued &t the amount prepaid net of any trdde discount8 due.
Creditors and provisioThs
Creditors and provA8ions are recognised where the Sch(K)I has a present obligation resulting from a p&8t event that
will probably result in the transfer of fund8 to a third paty and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisiotL8 ore norn￿llY r￿QgnISed at their settlement amount after
allowillg for any trade discounts due.
Depreclation
Deprecialion is Provided on freehold pernianeni buildings at two per centper at]num after allowing for £1.679,(K)O
being the estimateAJ cost of land included in the original purdwe.
Short leasehold property is being depreciated over the terni of the lease. being 40 years from 29 Jun¢ 2012.
Deprecialion is provided on other fixed a¥se¢s to wrAte off their cost on a straight-line basi5 over their estimated
useful Jives, subject to annual review, as follows..
Fun)i￿re, fillings and equipment
Motor vehicles
Computers
Plalli & Climate Control systen)s
Softwate (jnanage￿¢nl systems)
Artificial Playing Surfaces
- 7 to 20 years
- 5 years
- 4 years
10 years
10 years
10 years
General Fund
The general fLmd is unrcstricted and represcnts accumulated surpluscs and gifts r￿e1Ved towards capitsl
expenditLWe.
15

r4EWLAND HOUSE SCHOOL TRUST LIMITED
NOTES TO ACCOUNTS (Contlnued)
YEAR ENDED 31 AUGUST 2021
ACCOUNTING POLICIES (continued)
Property Fund
Amounts are designated equal to the net book value of the School'$18nd and buildings, including properti&8 in the
coutse of constsiction, less bank loans. up to the valu¢ of g￿eral funds available.
Governtsr$' Diseretlonary Fund
Amounts are appropriated out of income fmm time to time to provide a designated fimd to improv¢ the fabric of
the prq) school building.
Operating L￿Se5
Rentals appli¢able lo operating le8ses, where SubSt￿tiallY all of the beneflts and risk8 of ownership remain with
the lessor, are charged to the income ond expenditure a￿O￿lt as in￿llre(L
Employee BeDefits
Short ierni benefits
Shortterni benefits includingholidaypay are recognised as an expense in theperiod in whieh the se￿1¢e is ￿e1Ved.
Employee Éerniinalion benefits
Termination benefits are aecounted for on an ac¢nJal basis and in line with FRS 102.
Pe￿10￿9
The company operates two contributory pension schem&$ for substanlially all Staff. The Teachers, Pension Scheme
18 a multi-employer pension seheme. It is not possible to identify the School's 8hare of the underlying assets and
liabilities of the Teacher%, Pension Scheme on a consistent and reasonable basis and therefore, &8 required by
FRS102, the School ￿￿o￿nts for the %cheTne as if it were adefined contribution scheme. The School's Contribution
which are in aecordAnee with the recotnmendations of the Govemment Actuary, are ¢h8rged in the period in which
the salaries to whRch they relate are payable.
The School operates a definedcontribution pension goheme for non-teachillg staff and theF¢ll8ion charge r¢pTesents
the amount8 payable by the School to the fimd in respe¢t of the Y￿r.
Government Grants
JRS Govetiullent GTanls are accounied for in the year in which employees were placed on temporary leave.
16

r4EWLAND HOUSE SCHOOL TRUST LIMITKD
NOTES TO ACCOUNTS (Contlnued)
YEAR EF4DED 31 AUGUST 2021
FEES RECEIVABLE
2021
2020
Tuition fees
Less.. Scholarships. bursaries and other allowallces
5,953.864
1160,569)
5,565.097
(220,029)
5,793,295
5,345.068
OTHER EDUCATIOIYAL INCOME
21J21
2020
Registration fees
Reiained deposit
After qchool and holiday clubs
14,600
14,801
984
52.836
2,768
106,455
46,676
167,731
71J89
3b.
GEL4L¥TS, DONATtONS & LEGACIES
2021
20211
Otber donations & grants
JRS Government Grants
41.571
18.635
92,971
25,769
60,206
118,740
Af4ALYSIS OF TOTAL EXPENDITURE
Staff Costs
2021
Othe
21121
Depreei8tion
2021
Total
21121
Charitable activities..
School Ope￿tillg Costs
Teaching
Welfare
Premises
Support Costs of schooling
Fillance costs
3.436,618
224,715
304,965
451.906
157,881
58,888
118,071
3.779,403
304,965
1.102,520
491,214
58,888
238,654
333,333
225.008
4.008,605
1,385,306
343,079
5.736,990
Staff Cost5
20211
Other
2020
Depreciatio
2020
Totxl
2020
Charitable actLVlties'.
School operating Gosts
Teaching
Welfare
Premises
Suppon costs of schoolitv
Finance cosls
3,310,915
244,623
241,373
554,178
171,874
3,727.412
241,373
1.074,652
364.323
77,979
318,363
297,270
202,111
77,979
3,926,548
1,1115.206
373,985
5,485,739
17

NEWLAND HOUSE SCHOOL TRUST LIMITED
NOTES TO ACCOtirirs (Contlnued)
YEAR ENDED 31 AUGUST 2021
ANALYSIS OFTOTAL EXPENDITURE (continued)
2021
2020
Other iosts:
Educational Supplies
Games
Catering
Su5taiDable transport sGhem
Rellt, rate8 insurance
Building, grouud and household rnaintenance
Services
242,173
107,387
266,495
6,030
297,418
176,373
91,333
151,073
91,930
203,571
5.364
269,172
174,080
102,890
tr- ij
Professional
G¢n¢ral
Bad debts
Web enhancement
Playing fields expendittwe
Governance costs
Bank loan interest
18,593
2268
2.132
2,800
36,884
115,506
166,669)
9,400
{1,3641
15,390
77,979
19,950
58,888
1.291.831
1,185206
STAFF COSTS
2021
20211
WE4ges and salaries
Social 5¢curity Gosts
Pension contributions
Redundancy payments
3,145,359
317,924
545,322
2.997.447
307.412
570,999
50,690
4,008.605
3,926,548
2021
21120
Thc avera8e number of employees in the year wa$..
Teachin8
86
30
78
25
116
103
The Governors received no remulleratioll or reiTnbursement of expenses durAng the year (2020.. £￿11).
Employees received remulleration excceding £60,000 as shown below..
2021
2020
£60,000- £69,999
£70,￿)0- £79,999
£80,000- £89,999
£IOO,O(M)- £109,999
The total remuneration paid io key management in the y&ir was £468,457 (2020.. £453,042).
18

NEWLAf4D HOUSE SCHOOL TRUST LIMrrED
NOTES TO ACCOUNTS {CDDtinu¢dl
YEAR ENDED 31 AUGUST 2021
NET MOVEMENT IN FUNDS
2021
2020
Net movement in fi￿d8 is stated after charging:
Depreciation
Operatinu lease rentalg..
building8
other
Bank loall itLtrre8t
343.079
373.985
192,438
5,379
58.888
215,000
8,967
77,979
Auditors remuneration..
Audit
Otber services
Governors, liability insurance
14,250
5,700
13,500
1,150
107
TANGIBLE FIXED ASSETS
Th¢ mov¢m¢nt of tsngible &8sets was as follows..
Fre¢h(*ld lattd
& permxnent
buildings
Short
leasehold
property
Fllrnltur
equlpment
& eon)puters
Motor
Vehicles
Total
Cost
At I S¢ptember 2020
Additions
Disposals
9.148265
31,959
2.101.664
1,773,478
199,843
1205,0(KJ)
95,693
17,694
(12,0001
13.119,100
249,496
(217,000)
At 31 August 2021
9,180224
2,101,664
1,768,321
101,387
13,151,596
Depre¢lation
At I September
2020
Charge for the
year
835,939
172.453
1,459,209
52,555
955,243
118,071
(205,000)
95.693
3,346,084
343,079
{215230)
(10.230)
At 31 Augus(2021
I,IM)8.392
1511,764
868,314
85.463
3.473.933
Net Book Value
A¢ 31 Augusi 2021
8.171,831
589.9(K)
907,007
15.924
9.677,663
At 31 Augu$¢ 2020
8.312,326
642,455
818,235
9,773.016
The l¢a8ehold propety is held on a 40 year lease frorn 29 Jutte 2012.
The School's loans a8 detailed in note 10 ar¢ secued on tlLe School's propetty
19

EWLAND HOUSE SCHOOL TRUST L[l￿TED
IYOTES TO ACCOUNTS (Continued)
YEAR ENDED 31 AUGUST 2021
Stock
2021
2020
Finished goods and goods for resale
4,530
4,530
DEBTORS- due wlthln one year
2021
2020
Fees and extras in arrews
Pwayments and accDJed income
OthEr debtors
28,595
71,057
21,076
15,682
70,774
48,239
120,728
134,695
10. CREDITORS- du¢ within ¢)ne y¢ar
21121
2020
Fees r¢¢¢ived advanc¢
Deposits
Trdde creditOT8
Accryals
Other creditors
Other toxation and S￿[al security
Pen8ioJJs Trust s¢hem¢ liabili¢y (see note 15)
Bank Loan
700,055
66,387
120.819
48,607
76,073
77,340
60,924
105,304
793,591
54,491
57,714
50.374
106,491
74,588
6,289
184.564
1.255,509
I J28,102
Fees in advance related to the forthcoming fll)an¢i41 ye4r.
11. CREDITORS- due after more than one year
2021
2020
Deposits
Bank Loan
395,290
3,161,697
380,540
2.669,327
3,556,987
3,049,867
A £3.3 million loan fatility was arranged with Barclays Bank in June 2021. Interest is charged ai 2.1 /0 per annum
above base rate. The loan is secured by a Charge on the School's properties. Repayments are over a 13 year temi by
51 instalments of principal and interest of £43,444 payable quarterly.
20

NEWLAIYD IIOUSE SCHOOL TRUST LIMITED
NOTES TO ACCOUNTS (Continued
YEAR ENDED 31 AUGUST 2021
12. WIRESTRICTED FUNDS
Balance at
I September
2020
Balinee at
31 August
2021
Income
Expenditure
Transfers
General funds
1,667,434
6,063.251
(5,735,952)
153,393
2,148,126
Designated fMThd$
Property fund
Governor5,
discretionary fund
5,458,435
(553,604)
4,904.831
400,211
400.211
7,125,869
6.063,251
(5,735,952)
7.453,168
Restricted funds
1,038
(1,038)
7,126,907
6.063,251
(5,736,990)
7,453,168
BAlaDee at
I Sept¢mber
2019
Balanee at
31 August
2020
Income
Expenditure
Tran8ferg
General fund$
5,545,878
(5,458,809)
1,580,365
1,667.434
Deslgnated funds
Propcrty fund
Governors,
discretionary futtd
7,038,800
(1,580,365)
5,458,435
7,038,800
5.545,878
(5,458,809)
7,125,869
Restrleted fundg
27,698
(26,930)
1,038
7,038,800
5,573,846
(5.485,739)
7,126,907
Restricted funds
Restricted funds in the ¢urr¢nt y¢ar is mad¢ up of donaliolls from parents to a hardship ￿lld and to staff welfare. The fi￿d
also includes donation8 from the PaT¢nts' Asso¢iation for specifLC purposes as agreed with th¢ School.
Movement in Testrict¢d funds during the prioi year was in relation to fimds for an outdoor classroorn. Atransfer of £2,839
from restri¢i¢d fuods Lo unre¥tricled fund was made itt the year to reflert the Eact the lunds had been utilised for capital
exp¢nditw¢.
21

r4EWJ.Af4D HOUSE SCHOOL TRUST LIMITED
NOTES TO ACCOUNTS {Contlnued)
YEAR ENDED 31 AUGUST 2021
13. Af4ALYSIS OF IYET ASSETS B£TWKEN FUNDS
Unrestricted
2021
Restricted
2021
Total
2021
FixEdAs5Cts
Stock
Debtors
Cash at bank and in hand
Creditois- due iTh less than l year
Creditors- due iTh more than l year
9,677,663
4,530
120,728
2,462,743
{1,290,980)
{3,521,5131
9,677.663
4,530
120,728
2,462,743
(1.290,980)
(3.521,513)
7,453,168
7.453,168
Unre$tricted
2020
Restricted
21120
Total
2020
Fixed Assets
Deb￿[$
Cash at bank and in hand
Creditors- due in less than l year
Creditors- due in more tham l year
9.773,016
134,695
1,596,127
(1,328.102)
(3.049,867)
9.773,016
134,695
1.597,165
(1,148,788)
(3.229.181)
1,038
7,125,869
1.038
7,126,907
14. OPERATING LEASE COMMITMENTS
The school had the following COM￿ltMents under non-cancellable operating leases at August..
2021
2020
Land and
BuUdin8S
Land and
Buildings
Other
Other
Witbin ODe year
Between two aud five yeaTS
After five years
192,438
680,000
4,393,917
14,528
36,181
192,438
680,000
4,563,J56
5,379
18,890
5,266,356
50,709
5,436.356
24,270
Of the amounts expiring after five years disclosed above, £170.000 (reviewed every 5 years) is payable per annum
until 28 June 2052.
Is.
TAXATION
The cornpany L5 a Tegistered charity and tsxation is not payable on its charitable income.
22

NEWLAND HOUSE SCHOOL TRUST LIMITED
NOTES TO ACCOUNTS (Contlnued)
YEAR ENDED 31 AUGUST 2021
io.
PEfisIoN COSTS
These ar¢ ¢har¥ed to the statemeJLt of fJnanci&l activlties as they arise.
Te&chers' Pension Schemc
The School participate8 in the Teachers, Pension Scheme {"thc TPS") for its teaclung Siaff. The pension charge for
the year includes contributions payable to the TPS of £457,623 {2020.. £286.531) and ai the y¢ar-¢lld £38,447
(2020-. £38,586) was accrned In respect of contributions to thiy ychejne.
The TPS is an unfimded multi-employer defined benefit8 pension 8Ghetne ¥ovemed by The Teachers, Pensions
Regulations 2010 (as amended) and The Tea¢her8' Pension Scheme Re¥ulations 2014 (as amended). Members
Cotttribute on a '*ay as you go" basis with ¢ontril)utions frorn member8 and the employer being credited to the
Exchequer. Relirement and other pension benefjts are paid by publi¢ funds provided by ParliarnenL
The employer contribution rate is set by the Secretary of State following scberne valuations undertaken by the
Government Aett￿,$ Department. The most recent actuaTial valuation of the TPS was prepared as ai 31 March
2016 and the Valuation Report, which was published in MaTch 2020, confirnled that the employer Contribution rate
for thc TPS would increase from 16.4/0 to 23.60/. frm I September 2020. Employers are also Tequired to pay a
%cheme admirtistration levy of 0.08 /0 giving a total employer contribution rate of 23.68°/.
The 31 March 2016 Valuation Report w&sprepared in acc￿danCe with thebenefits set out in the ￿￿eme regulation8
and under the approach specified in the Directions. as they applied at 5 March 2020. However, the assumptions
were considered and set by the Depattment for Education prior to the rnling in the 'McClou(VSargeant case.. This
case required the courts to consider cases regardll￿ the implementation of th¢ 2015 r¢fornLS to Pubh"c Service
Pensions including the Teachers. Pensions.
On 27 June 2020 the Supreme Court denied the government pern]ission to appeal the Court of Appeal's judgment
that trat)silional provisions introduced to the reformed pension schemes in 2015 gave rise to unlawful age
discrimination. The government is respecting tbe Court's decision and has said it will engage £ully with tbe
Employment Tribunal as well as employer and member representatives l(F agree how the discrimination8 will be
remedied. A coA]sultation WAS launchedby the government on 16 July 2021, and Glgsed to responses on I l October
2021.
The TPS is subjeet tt> a cost Gap M￿haniSM wbich was put in place to protwt taxpayers a¥ainst ullforeseen changes
in scheme costs. The Chief Sccretary to the Treasury, having in 2018 announ¢¢d that there would be a review of
this cost cap meGh8nism, in January 2020 announced a pause to th¢ ¢ost ¢ap mechanism following the Court of
Appeal'8 rulin¥ ill the McCI(pudlSargeallt case and until there 18 C¢rtainty about the value of pensions to employees
from April 2015 onwards. The pause was lifted in July 2021 and the gov¢rnment prepatitig w ￿mpleTe The cost
¢ontroI eletnellt of the 2016 valuations. which is expected to be completed in 2021.
In view of the above rulin¥s aud decisions the assumptions used in the 31 March 2016 Actuarthl Valuation may
becojne inappropriate. In this scenario, a valuation prepared in accordaDce withrevised benefits and suitably revised
assumptions would yield different resulis than those contained in th¢ A¢tuarial Valua(ion.
Until the consultalion alld the eost cap mechanism Teview are ¢omplet¢d it is uot possible io conclude on any
financial impact or future change9 to the con(ributton rates of the TPS. A¢¢ordingly no provision for any additional
past benefit pension costs itT included in these fjnancial statements.
Th¢ school withdrew from TPS from September 2021
Pensions Trust Crowth Plan
The company participates in the scheme, a multi-employer ￿heme which provides benefits to some 950 non-
a￿Ociated participating employers. The 8cheme is a defined benefit schen]e iTh the UK. li is not possible for the
company lo obtain sutTicient inlormation to enable it to account foi the scheme as a der￿ed benefit scheme.
Therefore it accounts for th¢ ￿heme as a defined contribution scheme.
The .Icheme is 8ubject to th¢ funding l¢gislation outlined in the Pensions Act 2004 which came into force on 30
Decemb¢r 2005. This, together with document5 LS5UEd by the Pension$ Regulator and Technical Actuarial Standards
issued by the Financial Rq)orting Council, set out ihe framework for funding defined beneflt Occupational pension
schen]e5 in the UK.
23

NEWLAND HOUSE SCHOOL TRUST LIMITED
Tr40TES TO ACCOUNTS (Contlnued)
YEAR KIYDED 31 AUGUST 21121
16.
PENSION COSTS {eonlinued
The scheme is Glas5ified as a'last-man standing arrangemenc,. Therefore the company is potentially liable for other
participating employers, obligations if tbose employers are unable to meet their share of the schetne deficit followKng
withdrawal frorn the s¢heme. Participating employers are legally r¢quired to meet their Share of the scheme deficit
on an annuity purchase basis on withdrawal from the scheme.
A full actuarial valuation for tbe schem¢ was carried out at 30 September 2017. This valuation Showed assets of
£794.9m, liabilities of£926.4m aud a deficit of £131.5m. To eliminate this funding shortfall, the Tn￿tee h88 8$ked
the participating employ¢rs to pay additional contributio1￿ lo the scheme as follow8:
Deficit cÉ>nlribuÈions
From l April 2021 to JI January 2025..
£11.243,000 p¢r annum (payabl¢ tnonthly and increasing by 30/
each on l$t April)
Unless a conec&sion has been agreed with th¢ Trustee the tenn to 31 January 2025 applieg.
Note that the scheme's pmious valuation was carried out with an effective date of 30 September 2014. Thi$
V8¢luation showed assets of £793.4rn, liabilities of £969.9m and a deficit of £176.5m. To eliminate this funding
shortfAII, the Trustee has asked tlLe participating employers to pay addition&1 contribution8 to the scheme as follow8..
Deficit conlrthuiions
From l April 2016 to 30 September 2025..
£12,945,440 per aDnum {payable monthly and increasing by 3 /.
each on 15tApril)
From l April 2016 to 30 S¢pt¢mber 2028:
£54,560 per annum Ipayable tnonthly and incr￿1￿8 by 3fj/ti each
on l*t April)
The reeov¢ry plan contributions are allocated ￿ each participating employer in line with their estitnated shar¢ of
the Series l and Series 2 scheme liabilities.
wI￿re the 8¢heme is ill deficit and where the company has agreed to a deficit fill￿Ing arrangement the company
recognis¢s a liability for this obligation. The arnount rewgntsed is the net present value of the deficit reduction
eontribulions payable under the agreement that relates to the deficit. The present value is Calculated using the
di5COUDt rat¢ detailed ill these disclosures. The unwinding of the discount raie is re¢ognised as a finance cost.
PRESENT VALUES OF PROVISION
.1 l Aiigust 20?11£51 31 .,liigiisl 2(J?O Il%) .11 Aiigiisl ?Vl()1£4}
£2.934
£3,497
Present value of
rovi.%ion
ASSUMPTIONS
Rate of discount
0.55
0.97
The discount rates shown above are the equivalent single discount rates which, when used to discount the
overy plaii bonlribuliDn¥ due, would give the same results as using a full AA cotporate bond yi¢ld curve to
discount the sarne recovery plan contributions.
24

NEWLAND HOUSE SCHOOL TRUST LIMITED
NOTES TO AccouNfs {Conthilled)
YEAR ENDED 31 AUCUST 2021
17.
CAPITAL COMMITMENTS
At 31 August 2021 the School had comrnilments f¢y future ￿pital expenditswe Df £12,000 (2020.. £DiI) which bad
been contracted for.
18. RELATED PAItTY TRANSACTIONS
There were no related paty ttansactions in the period (2020.. no related party tratwctions).
A9. LIABILITY OF MEMBER
Every member of the Company undertakes to contsibute to the assets of the Compally> in the event of the same
being WOW￿ up while they are a me4nber, or within one year after they cease to be a member, for payment of the
debts and liabilities of the Compatty eontracted before they ¢ease to be a member, and of the costs, charges ond
expetjses of witidlng up. alld for the adiustmettt of the rights of the contributories among themselve4 such amount
as may be required not exceeding £1.
25