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.


- Brighton College 

- City of London 

- Glyn School 

- Haberdashers 

- Harrow 

- Merchant Taylors 

- Mill Hill 

- Tanglin Trust Singapore 

- Tonbridge 

- UCS 

- Westminster 

- Wetherby Pembridge 

- Winchester 

- Brondesbury 

- Glasgow Academy 

- Highgate 

- Kensington Park 

- Merchant Taylors 

- St Albans 

- UCS 





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. 

- Wellbeing Week emphasised inclusion and diversity, using the theme of superpowers. 

- Book Week was a resounding success, with boys of all ages enjoying stories, workshops and a dress-up day. 

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.



- Review of the business model to achieve savings and cost efficiencies, improved financial planning and discipline, and development of additional revenue streams 

- Introduction of alternative pension options to moderate the rising cost of pensions 

- A continually evolving marketing strategy along with the expanded use of social media 

- Regular health and safety/safeguarding training, annual review of the Emergency Response Plan, establishment of IT controls and improvement of backup systems 






- To facilitate the smooth transition between Pre-Prep and Prep, Year 1 boys will visit the Prep School every Friday to attend Assembly, two lessons and lunch. 

- The Personal Digital Portfolio will be rolled out for Year 7 and 8 pupils: this self-reflection tool will allow boys to set targets for themselves and also capture both academic and co-curricular achievements, as well as personal development. 

- The Modern Languages department will offer Spanish, German and occasional Russian lessons to further broaden our provision, which centres on French but already includes Mandarin and Modern Greek. 

- The creation of the Arnold House Media Hub, which will house equipment for recording, editing and curating performances by the boys. Fundraising for this will be through a series of Proms concerts, culminating in a wholeschool concert at Cadogan Hall. 

- Refurbishment of additional classrooms, the playground, , and the seating and acoustic arrangements in the dining room at the Prep School. 

- External improvements at the Pre-Prep including the drainage in the front garden area. 

- Further enhancements to our facilities at Canons Park including ground improvements and proposed conversion of an unused changing room to a classroom. 

- Completion of the redesign of the S d online presence in order to engage the widest audience. 

- An inspection by ISI as part of the regular schedule of inspections for independent schools. The School is voluntarily engaged with the Carnegie School of Education at Leeds Becket University to measure its wellbeing provision against national standards and research-based best practice. 





- Select suitable accounting policies and then apply them consistently; 

- Observe the methods and principles in the Charities SORP; 

- Make judgements and estimates that are reasonable and prudent; 

- State whether applicable UK Accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 


- There is no relevant audit information of which the charitable company's auditor is unaware; and 

- The Governors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. 


s and signed on its behalf by: 






   - 2025 and of the charitable 

   - expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. 


- for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- with applicable legal requirements. 





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

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

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


- Inspecting correspondence with regulators and tax authorities; 

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

- Identifying and testing journals, in particular journal entries posted which are considered unusual; and 

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



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**<br>**TOTAL EXPENDITURE (2025)**<br>**Staff**<br>**Other**<br>**Costs**<br>**£**<br>**Costs**<br>**£**<br>**Charitable activity:**<br>Teaching costs<br>4,206,581<br>630,792<br>Welfare costs<br>-<br>536,809<br>Premises costs<br>198,933<br>1,254,873<br>Support costs of schooling<br>610,190<br>485,906<br>Grants, awards and prizes<br>-<br>35,000<br>**Raising funds:**<br>Fundraising costs<br>30,752<br>58,773<br>Finance Costs - Interest payable<br>-<br>213,473<br>£5,046,456<br>£3,215,626<br> <br>**Governance included in support costs:**<br>remuneration<br> audit of the financial statements (including VAT)<br>remuneration<br> preparation of the financial statements (including VAT)|**Depreciation**<br>**£**<br>-<br>-<br>674,552<br>-<br>-<br>-<br>-<br>£674,552<br>**2025**<br>**£**<br>24,552<br>-|**Total**<br>**2025**<br>**£**<br>4,837,373<br>536,809<br>2,128,358<br>1,096,096<br>35,000<br>89,525<br>213,473|
|---|---|---|
|||£8,936,634|
|||**2024**<br>**£**<br>22,100<br>2,820|


















## **8 TANGIBLE FIXED ASSETS** 

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



**----- Start of picture text -----**<br>
21. STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVE FIGURES BY FUND TYPE<br>**----- End of picture text -----**<br>











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