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2025-08-31-accounts

ARNOLD HOUSE SCHOOL LIMITF.D (A Company Limited by Guarantee) FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 Ha>sMae LLP Chartered Aeeountants Registered Auditors Re2istered Company Number.. 00889424 Registered Charity Number: 312725

ARNOLD HOUSE SCHOOL LIMITED REFERENCE AND ADMINISTRATIVE INFORMATION DIRECTORS The Directors of the conipany who served during the year and since year end were.. Rev Dr A K Bergquist (Resigiied 24, March 2026) H M Burgess C M S Douglass E J De Freitas M A Salini G J Sava¥e M A Grenier S. Honey (Resigned 14 ' Jai)uary 2026) J H Zehiier T A NiLho15011 J M Stowell (Resigned 25" March 2026) L.L Newton (Resigned J I" DeCeM￿r 2025) REGISTERED OFFICE l Loudoun Road St Johi)'s Wood London NW8 OLH AUDITORS Haysmac LLP Chartered Accountants l O Queen Street Place London EC4R IAG BANKERS The Royal Bank of S¢otlgnd Pl 48 Haymarket London SWIY4SE SOLICITORS Veale Wasbrough Vizards 24 King William Street Londtsn EC4R 9AT KEY PERSONNEL Headmaster Director of Finance ai)d Resources /Company Secretary G Tollit E Winter Deputy Headmaster Head of Pre-Prep Dcox V McKenzie REGISTERED COMPANY NUMBER.. 00889424 REGISTERED CHARITY NUMBER.. 312725

ARNOLD HOUSE SCHOOL LIMITED GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Governors, who are also directors of the company and charity trllstees, have pleasure in submitting their report and audited fillancial ststements for the year ended 31 August 2025. STRUCTURE, COVERNANCEAND MANAGEMENT ATnold House School Limited is a coinpany limited by guarantee and a Registered Charity. ovemed by its memoral)du￿ and ArtlLles of Association. New GoveTnor5 are appointed by the Governing Body oi) the iectsmmendation of a nomiiiations committee selected by the Chair. Suitable Landidate5 are 50u¥ht to Ineet the Iieed to maintain the best possible balanLe of releV￿t Skills, expertise and experieriLe on the School's Governin¥ Body. The Finaiice Cotnmittee ineet5 at least onLe a tetm to reLeive updates froin the Headmaster and Direcior of Finance and Resources, to review the School's finances and make recommendations to the full Board of Govemors. The Governing Body reviews the recomn)endations ol-lhe Finance Committee which are considered and approved. major issues discussed and policy decisions agreed. Visi(s from Govemors w the School to be updaled by the Headmaster. Director of Finance and Resources and Senior staff occur ai least temily. Governors are encouraged to regularly al￿nd exiernal iraining courses. Regular upda￿S come from the Clerk and AGBIS. The Govemors deiemine the general polic}, of the Sch(￿)1. The day-to-day management of the School is delegated to the Headmaster, Director of Finance and Resources, the Depury Headmaster and the Head of Pre-Prep. Remuneration of these ke}. management personnel is set by the Board. in conjunction with the Headmaster where applicable using a number of criteria such as nature of role and responsibilities, sector salaries as indicated by various benchmarks and oiher market reports, CLlSt of living increases and trends in pay. OBJECTIVESANDACTIVITIES The Compgny, which is coiistituted as an Educational Charitable Trust, has continued its business of providing preparatory school education throughaut the year. The Schoi)I's primary. objcctive is to educate boys aged 3 to 13 in the broadest sense and to equip them with the academic skills, confideiice and well roundcdness that ensures tliey flourish at tlieir chosen senior schools and be)'ond. We aiTn to.. encourage and siipporr boys in upholding the School's strong academic traditions and to prepare them for successful transfer to their chosen senior school at the a£e of 13 serve the besi inierest of all pupils in a supportive, purposeful and stimulating learning environment promote good citizenship through the virtues of courtesy and industry and provide a foundaiilin for boys, spiritual. moral, social and culiural development help boys inature in a well-rouiided way by developing their undetstanding. experience and enjoyment of n)usic, the arts, sport and a wide range of extra-Lutricular activities engender it] the boys a love of leaTning at]d a 5elf-confidei)ce in their abilities that will Prepare them for a lifetime of learning 0￿EcTs To acquire and carry oli in the United Kingdom any boarding or day school or schoo15 for the education of children of either sex or both sexes. OurAims and Objeetives Arnold House is a leading independent London preparatory school for boys aged 3 to 13. Located in ihe heart of St John's Wood, we combine tradition and academic rigour with a modern, boy-cenired approach to education. Our boys go on to top senior schools but more importantly, Ihey leave with strong values, confidence. and a clear sense of M,ho Ihejw are. We are proud ro offer a 10-year journey that nurtures each boy academically, sociall}, and emotionally from his very, first day in Pre-Recepiion to senior school Iransition at I l+ and 13+ Every step is shaped by our commitment to whole-child development, exceptional pastoral care, and a strong sense of community.

Many off-site visits offered the boys first-hand experiences to enrich their learning. Trips were taken to Verulamium, Kew Gardens, Regents Park Mosque, various theatre trips, museums, including a Genetics exhibition. We also held a wide programme of workshops to build on knowledge gained in the classroom, as well as personal development: in Science (Electricity, Forensics), History (Ancient Egypt, Victorian life, Great Fire of London), Maths, Mental Wellbeing, Teamwork and Travel Safety.

A number of themed weeks through the year bring a focus to important areas of school life:

Citizenship Week focused on how boys can contribute to their communities: at school, at home and in the wider world.

Our ongoing charitable activities raised substantial funds for our charity part Sufra Food Bank.

Music and Drama continue to play a vital part of school life, providing all boys with regular opportunities to perform: we completed a full refurbishment of the theatre at our Canons Park facility, enhancing the quality of the performances.

Arnold House continues to collaborate with a number of schools: a partnership with Queens College Prep School continues, providing a platform for shared events and workshops. Staff training with other schools was a great success and our Canons Park facilities are available for community use especially for Sports events; schools include Christ Church Primary School in Camden and Sarum Hall. Bursaries (100%) continue to be provided for some pupils in Years 7 and 8.

Fair, sports festivals each term and many events for parents on site through the year.

ARNOLD HOUSE SCHOOL LIMITED GOVERNORS, REPORT {eontinued) FOR THE YEAR ENDED 31 AUGUST 2025 Bursaries We have provided three l 00/0 bursary places this year funded through a combination of the School's fee income and donations from the Amold House community. Bursaries were given in the year to the value of £125,174 (2024: £124,665>. The Family Fiind.. The School ￿9$ extremely grateful for the generosity shown by our community in supporting those AH families whose income was affe¢ied by Covid-19. In the year to 31 August 2025 a totsl of £7,205 (2024.. £21,810) was raised which ivill go towards fee assistance for those in need. Public Benefit The Governors confirni that they have coniplied with the duty of die Charities Act 201 I to have due regard to the public benefit guidance published b). the Charity Commission in determining the activities undertaken by the School. Locally, relation5hip5 COTitiiiue to be developed with Sarum Hall and Queens College Prep School. Both schools made use of the facilities dt Canon5 Paik for their Sports Day. The school continues to 5UPPOrt St Johii's Wood Church, St Cyprian's aiid St Jtshn's Hackney and the boy5 and parents took part in the annual Christinas Gift Bag drive wliich coiitiriue5 to be a huge SUCLess. The SLI)ool ha5 alsts continued to develop relationship5 Wlth local charities including tl)e ongoing support of the St John's Hospice. Raising money for charity: Over the year, the boys, staff and parents raised awareness and suptx)rt for a number of chariiies through a number of Charity Days.. Autumn tem Charity Day- Autumi) Theme Spring Terin Charity Day- World Book Day Sunimer Terni Charitv Day- House Colours Theme The total raised for charity this academic year was.. £9.181.25.

ARNOLD HOUSE SCHOOL LIMITED GOVERNORS, REPORT {eontinued) FOR THE YEAR ENDED 31 AUGUST 2025 FINANCIAL REVIEW The School's main income is from fees which amounted to £9,532.046 (2024.. £9,475.146) in the year. a l /0 increase, mainly driven by a 5.40/0 rise in fees but impacted by a reduction in pupil numbers, a change in how music tuition was recharged to pupils and a 2.5010 discouni otTered in the Spring and Summer temis following the introduction of VAT. Bursaries and siaff fee discounts amounted to £145,248 (2024.. £157,911). Parents, old boys and others associated M'ith the School made don81ions of £7,65412024.. £61,573) in the year to the hardship fund. Following funding of £35:000 (2024.. £60:102) for bursaries in the }'ear the Closing balance on the bursary, including family fund wgs£139,163. School operating costs decreased by 20/0 in the year to £8,936,635 {2024.. £9,091,371). Staff costs were £5,046,456 12024.. £5,052,887). The decrease in staff costs is largely attributable to lower teinporary teachintw cover costs and die cliange it] the way the visiting niusic teacliers were paid diiring die year. The reduction in other costs is froni VAT reclaims on expenses follo￿,ins the school's VAT retwistration it] Decen)ber 2024. Lower interest paynients during the year reflect a reduced interest rate and a partial repayment of die loa]i principal in 2023124. The Iiet inLome from operations for tlie year M'as £892.467 (2024.. £578,784). Besides the increase in income from fee5 and reduction of operdting cost5, this is niainly driven by the iiiLrease in other trddiiiu inconie aiid prudent investment of the casli SUTpIu5 Into higlier iiitere5t deposit aLLOUlIt5. The School aim5 to achieve an dnnual 5urplu5 to e115ure that there lire sufficient reserves to manage the School on a prudent financial basis and to provide funds for future capital expenditure. Reserves Policy The Governors review the reserves policy annually. The key objeciive of the policy is io ensure the long-tem financial stability of the Sch(¥ol whilst maintaining SU￿1¢1ertt liquid reserves to meet short-temj financial obligations in the event of unexpected income shortfall or unloreseen expenses. As ai J l Augusi 2025, the w(al funds of the School were £12,323,569 (2024.. £11,4i1,102) made up of unrestricted funds of £12,184,406 {2024.' £11,224,564) and restricied funds of £1 ?9.163 (2024.. £206.538). The movement in funds are shom'n in note 13 to the accounts. At the year-end free reserves, calculatsd as unrestricted funds less net book value of fixed assets. amounted to a balance of £25,721 12024.. negative balance of £1.552,707). This position is a consequence of the strategic decision made in 2021 to purcha%e the pre-prep building at Marlborou£h Place. The purcha%e wa% financed partly thr()u£h reserve% and partly through a £4,900.000 bank loan. The Governors are committed to building up reserves over the long-term whilst ¢ontinuing to iiivest in the ongoing development of the S¢hool's educational provision and infrastru¢tur¢. The Governors have determined that the School should hold minimum ¢ash reserves equivalent to approximately three months biidgctcd operating expenditure. The Governor% regularly monitor the School's cash po%itii)n to eiisiire compliance with the minimum targFet. The year-end cash balance was £6,746.627 {2024.. £6,428,690) exceeding the miiiimum re5etwes requirement in both years.

s and signed on its behalf by:

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OFARNOLD HOUSE SCHOOL LIMITED Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a niaterial mi5Statenient in the finaiicial statements or non-compliance with regulation. TIIIS Tisk increases the niore that compliance witli a laiv or regiilation is reinoved from the events and transactions reflected in tlie financial statements, as we will be less likely to become aware of in5tat]ces of non-compliaiice. The risk is also greater re£arding irregularitie5 OCCUTring due to fraud ratlier than etTOT, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further desLription of our re5POn5ibilities for tlie audit of the finaiicial statetneiits is located on the Financial Reportii)g Council's website at.. www.frL.org.uldauditorsrespoi)sibilitie5. This description fom)s part of our auditor's report. Use of our report This report is made solely to the charitable company'5 members, as a bodv. in accordance with Chapter i of Part 16 of the Companies Aci 2006. Our audii work has been uiidertaken so ihat w'e might Sta￿ to the charitable company's members those matters we are required to stste to them in an Auditor's report and for no oiher purpose. To the fullest extent pemil￿d bv law, we do not accepi or assume responsibiliti. io anyone other than the charitable company and the charithble company's members. as a body, for our audit work. for this report. or for the opinions we have fomied. Jackson Berry (Senior Statutory, Auditor} For and on behalf of Haysmac LLP, Statutory Auditors 10 Queen Street Place London EC4R IAG Dgie. 20 May 2026 12

The comparative Statement of Financial Activities is shown in Note 21.

ARNOLD HOUSE SCHOOL LIMITED Regigtered Company Number: l)0889424 BALANCE SHEET AS AT 31 AUGUST 2025 Note5 2025 2024 FIXED ASSETS Tangible fixed assetg 12,158,685 12,777,271 12,158,685 12,777,271 CURRENT ASSETS St(￿k Debiors Cash at bank and in hand 5,830 2,475,884 6,746,627 5,019 2.130,153 6,428,690 9,228,341 8,563,862 CREDITORS: Amounts falling due within one year 10 (4,794.688) {4,985,321) NET CURRENT ASSETS 4,433.653 3,578,541 TOTALASSETS LESS CURREf4T LIABILITIES 16,592.338 16,355,812 CREDITORS: Amounts falling du¢ after on¢ year (4,268,769) (4,924,710) TOTAL NET ASSETS £12J23,569 £11,431,102 FUNDS Unrestricted Restricted 12,184,406 139,163 11,224,564 206,538 £12?23,569 £11,431,102 The financial statements were approved and authorised for issue by the board and were signed below on its behalf by.. M Sahni Governor Dale.. 19 May 2026 Th¢ notes on pages 15 to 25 fomi part of these financial statements. 14

ARNOLD HOUSE SCHOOL LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Reconciliation of net cash intlow from operat10115 Net movement in funds Depreciation Interest received Interest paid InLiease in stock InLrease in debtors InLreasel (decrease) in creditors 892,467 674.552 (205,972) 213,47i 578,784 626,389 (90:62i) 267,985 (345,7i3) 362,i5i {114,673) 1126,678) Net eash flow from operations 1,590,i29 Cash flows from investing activities Interest received Asset disposal VAT element Purchase of tangible asseis 205,972 90,623 (175.073) (274.416) Net eash (used invprovided by investing aetiyities 150.010 {183,793} Cash flows from financing activities Loan repayments Interest pgid 167,233) (213,473) (712,728) (267.985) Net cash used in financing activities (280,7061 {980,713) Fees in adi'ance Fees In Advance Fund (1,141,696) 2,238,968 Net cash proi'ided by fees in advance (1,141:696} 2,238,968 Increase irt cash 317,937 2,215,616 Cash and cash equivalents at the beginning of thc period 6,428,690 4,213,074 Cash and cash equivalents at the end of the period £6,746,627 £6,428,690 Anal}'sis of eash and cash equivalents Cash ai bank £6.746,627 £6,428,690 Anal}'sis of changes in net funds Cash flows Other movements At 31 August September 2024 C&sh and cash equivalents Fees in advance Short term borrowings Long term borrowings 6.428,690 12,238,968) (64,095) {3,073,226) 317,937 1,141,696 67,233 6,746,627 (1,097.272) {67,231) (3,002.857) (70,369) 70,369 Net funds £1,052,401 £1,526,866 £2,579,267 15

The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of effective 1 January 2019. The financial statements are prepared under the historical cost convention. The Charity is a Public Benefit Entity as defined by FRS102.

Employment benefits, including holiday pay, are recognised in the period in which they are earned. Termination benefits are recognised in the period in which the decision is made and communicated to the relevant employee(s).

Financial instruments

Basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable are accounted for on the following basis:

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Debtors and creditors

Debtors and creditors are measured at the transaction price less any provision for impairment. Any losses arising from impairment are recognised as expenditure.

ARNOLD HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 AUGUST 2025 STATUS The conipany is constituted as an Educational Cliaritable Trust {Charity Registered number 312725) and is limited by giiarantee (Company Registrdtion number 0889424). The liability of each member is liinited to an amount t]ot exceeding £1. The men)bers are the GoveTnor5 of tl)e School. At 31 August 2025 the t]umber of Ineinber5 were 12, and at the date of approval of tl)e accounts the number was 10. The School's registered office address is.. l Loudoun Road, St John s Wood, London, NW8 OLH. FEE INCOME 2025 2024 Gross tuition fees Less.. bursaries Less.. staff discounts 9,330,658 (125,1741 (20.0741 9,117.8i6 {124,665} (33.246} 9,185,410 35,000 8,959,925 60,102 Add= bursaries funded by restricied funds Net tuition fees Registration fees Oiher fees and extras 9.220,410 23,596 288.040 9.020,0?7 22,780 4i2,339 £9.532,046 £9.475,146 INVESTMENT INCOME 2025 2024 liiterest Teceivable 205,972 90,623 £205,972 £90,623 DONATION AND GRANT INCOME 2025 2024 Bursary fund donations Familj. fund donations Other donations 449 7.205 6,665 21,810 3i,098 £7,654 £61,573 18

6
TOTAL EXPENDITURE (2025)
Staff
Other
Costs
£
Costs
£
Charitable activity:
Teaching costs
4,206,581
630,792
Welfare costs
-
536,809
Premises costs
198,933
1,254,873
Support costs of schooling
610,190
485,906
Grants, awards and prizes
-
35,000
Raising funds:
Fundraising costs
30,752
58,773
Finance Costs - Interest payable
-
213,473
£5,046,456
£3,215,626

Governance included in support costs:
remuneration
audit of the financial statements (including VAT)
remuneration
preparation of the financial statements (including VAT)		 Depreciation
£
-
-
674,552
-
-
-
-
£674,552
2025
£
24,552
-		 Total
2025
£
4,837,373
536,809
2,128,358
1,096,096
35,000
89,525
213,473
£8,936,634
2024
£
22,100
2,820

8 TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST
At 1 September 2024
Additions
Pre-registration/ CGS VAT adjustment
Disposals
At 31 August 2025
DEPRECIATION
At 1 September 2024
Charge for year
Disposals
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 1 September 2024		 Land and
buildings
£
20,274,568
66,259
(71,736)
-
20,269,091
7,843,847
594,440
8,438,287
£11,830,804
£12,430,721		 Fixtures
Fittings and
Computer
Equipment
£
1,782,783
58,214
(47,375)
(591,466)
1,202,156
1,436,229
80,112
(591,466)
924,875
£277,281
£346,554		 Motor
Vehicles
£
68,579
50,600
-
(68,579)
50,600
68,579
-
(68,579)
-
50,600
-		 Total
£
22,125,930
175,073
(119,111)
(660,045)
21,521,847
9,348,655
674,552
(660,045)
9,363,162
£12,158,685
£12,777,271

ARNOLD HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 AUGUST 2025 TANGIBLE FIXED ASSETS (continued} 2025 2024 Land and buildin(Ts at net book value comprise Freehold property Leasehold property 10,573.120 1,257.684 10,953,453 1,477,268 £11.8iO.804 £12,430,721 DEBTORS 2025 2024 Fees and charges receivable Other debtors Prepayments and accrued income 1,876,846 403,618 19.5,420 1,821.782 39,252 269.119 £2,47.5,884 £2,130,153 Other debtors include £67,2a7 which relate to ac¢riied VAT recoverable via capitsl good scheme in flltur¢ yeaTS of which £8,401 is ¢urrent while the remaining balance of £58,806 is non-¢urrent. 10. CREDITORS: Amounts falling due within one year 2025 2024 Bai)k loan (see note 12(all Trade creditors Fees received in advance of autiimn terni Fees Iii Advance Fund (Note 12(b}I Fee deposits Other creditors Acciuals Social security and other taxes 67.2) I 129,498 3,029,697 632,i61 89,000 143,li6 91.881 611,884 64,095 252,793 3,162,024 1,140,484 89,000 114,797 68.554 93.574 £4,794,688 £4,985.32]

ARNOLD HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 AUGUST 2025 CREDITORS: Amounts falliThg due after one year 2025 2024 Fee deposits Fees In Advance Fund (see note 12(b)) Bank loan (see note 12lal) 801,000 464,910 3,002,859 753,000 1,098,484 3,073,226 £4,268,769 £4,924.710 12{a) BANK LOANS 2025 2024 Bank loan maturity analysis Amounts lalling due within one year Amounts falling due 1-2 years Amounts falling due 2-5 years Amounts falling due more than 5 years 67,2i2 64,094 85,652 68,9i3 293,233 239,624 2.623,973 2.764,669 £3,070,090 £3,137,320 The School obtained a bank loan of £4,900,000 on 25 November 2021 in order to finance the purchase of Marlborough House: 38 Marlborough Place, NW8 OPE. The loan is repayable in 288 consecutive monthly instalments representing principal and interest commencing on 25 December 2022. The rate of interest payable on the loan is the Base Rate plus an interest margin of 2.300/0 per annum. The final repayment date is 25 November 2045. The School made a voluntary overpayment of £Nil (2024.. £650.000) during the year. As part of the terms of the loan, Lloyds Bank have first legal charges over the freehold land and buildings at Arnold House School and at MaTlborough House. 12 (b) FEES IN ADVANCE FUND Under the School's fees in advance ￿nd, contributors may enter into a contract to pay the school tuition fees in advance. The liability 15 valued at the balance sheet date but has been allocated as5umingF tliat student5 M'ill remain in the school for the nonnal duration. 2025 2024 Fees IN advance maturi anal 515: Above 5 Years Betweeii 2 to 5 years Between I to 2 years 82,734 81,252 300,924 109,953 347,325 641,206 464,910 1,098,484 Within l year 632,J61 1,140,484 £1.097,271 £2,238,968 22

ARNOLD HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 AUGUST 2025 13. FUNDS (2025) Balanee at Scptcmber 2024 Income Expenditure Transfers Balanee At 31 August 2025 Unrestricted fund5 General funds 11.224,564 9,821,447 (8.901,1911 39,586 12.184,406 Restricted funds Bursary fund Family fund School eqiiipment fund 100,000 66,800 i9,738 159 100,159 39,004 7,204 291 (35,0001 {4431 (39,586} £11,431,102 £9,829,101 £{8:936,6341 £12.323,569 The Restricted Bursary Fund comprises the balance of money raised and spent on bursaries. The Restricted School Equipment Fund comprises donations to purchase school equipment. The Restricted Famil) Fund comprises donations to provide fees assistance to families facing economic hardships. FUNDS (2024) Balance at I September 2023 Balance at 31 August 2024 Income Expenditure Unrestricted funds Geiieral funds Rcstrietcd funds Bursary, fund Famil}, fund School equipment 10.579,260 9,641,680 (8,996,376) 11,224,564 153,437 79.883 39,738 6,665 21.810 160,102) 134,89)) 100,000 66,800 39,738 £10,852.i18 £9,670.155 £19,091,i711 £11,4il,102 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS (2025) Unrestricted Funds Restricted Funds Total Fund5 Fixed asset Net current assets Creditors due after more than one year 12,158,685 4,294,490 {4:268,769) 12,158,685 4,433,653 (4,268.769) 139,163 £12,184.406 £139.163 £12,323,569 23

7

The TPS is an unfunded multicontribute Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the and the Valuation Report was published in October 2023. The Valuation Report shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.

The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%.

ARNOLD HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 AUGUST 2025 17. TAXATION The con)panv by virtue of its charitable status is exempt from tsxation on its ordinary activities. 18. CONTROL The charitable company does not have an ultin)ate controllii)g paty. 19. CAPITALCOMMITMENT There were £nil capital commitments at the J l Augusi 2025 (2024.. £Nil). 20. RELATED PARTY TRANSACTIONS There is one Governor with children attending the School during the year which pay fees at the same rnte as other pupils. 25

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21. STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVE FIGURES BY FUND TYPE
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ARNOLD HOUSE SCHOOL LIMITED DETAILED EXPENDITURE- MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 AUGUST 2025 202S 2024 TEACHING COSTS Teaching salary costs TeaLliing n)aterials Mu5lL aiid draina School supplies School magazine Cotnputer n)aintenante ai)d software Traiiiing Travel and en￿rtainment Spolls fares and coach hire Spolls day and prize-giwing expenses Sundries Cosi of extras 4,206,581 145.524 li,404 4,171,260 151,427 27,027 4,591 16,108 94,634 20,807 7,827 183,277 9,996 748 283,698 4,000 i6.666 19.980 21.770 167.98i 19.626 201.839 £4,837.373 £4.971.400 WELFARE COSTS Catering costs Laundry and cleaning Equipment and sundries 527.738 2.830 6,240 555,983 14,420 3,125 £536.808 £573,528 PREMISES COSTS Staff costs Cleaning Reiit Insurance Rates 198,933 181,581 510,109 104,011 82,998 175,652 674.552 180.716 19,751 55 226,189 186,912 504,370 83,012 55,055 19i,i18 626,359 159,267 31,599 47,041 Depreciation Repairs and maintenance Gardeii and grounds Sundry £2.128,358 £2.113,122 27

ARNOLD HOUSE SCHOOL LIMITED DETAILED EXPENDITURE- MANAGEMENT INFORMATION (Continued) FOR THE YEAR ENDED 31 AUGUST 2025 202S 2024 SUPPORT COSTS Adinini5tration staff costs Pay Bureau Printin¥, postage and stationery Sub5Lriptions Recruitment 610,190 5,971 34,439 12,965 27,732 625.604 8,180 26,347 20,526 34,979 p jj Cotnputer support costs Traiiiing Legal, professional and consuliancy Bank charges School websi Sundries 107,972 li,659 10,517 126,611 2.823 20,753 10,015 183.902 4.916 19,954 76.775 £1.096,097 £1.000,014 GRANTS.AWARDS AND PRIZES Grants, awards and prizes Funded bursaries 48,618 60,102 35,000 £35,000 £108,720 FUNDRAISING COSTS Staff costs Other costs Marketing and publishing 30,752 14,717 29,834 26.768 £89,525 £56.602 FINANCE COSTS- bank interest £213.473 £267.985 TOTAL £8,9J6,634 £9,091,i71 28