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2025-08-31-accounts

Company registration number 00908443 (England and Wales) Charity registration number 529420 (England and Wales)

HILL HOUSE SCHOOL LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

HILL HOUSE SCHOOL LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs J Fearns
J Sprenger
Dr A Cooper
Prof J Pickering
A Ogley
A Joshi
Dr K Rao
P Hanley
R Poulton
D Riley (Appointed 18 September
2024)
A Ward
L Young (Appointed 9 December
2024)
S Pepper (Appointed 26 January
2026)
Charity number 529420
Company number 00908443
Registered office Sixth Avenue
Auckley
Doncaster
DN9 3GG
Auditor Warrens Accountants Limited
Chartered Certified Accountants
33 Thorne Road
Doncaster
South Yorkshire
DN1 2HD
Bankers Handelsbanken
1-2 Aire House
Richmond Business Park
Sidings Court
Doncaster
DN4 5NL
Close Brothers Savings
10 Crown Place
London
EC2A 4FT
Solicitors Knights Plc
Majestic
City Square
Leeds
West Yorkshire
LS1 2EF

HILL HOUSE SCHOOL LIMITED

CONTENTS

Page
Trustees' report 1 - 7
Statement of trustees' responsibilities 8
Independent auditor's report 9 - 12
Statement of financial activities 13 - 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 33

HILL HOUSE SCHOOL LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

The trustees ,who are also directors of the charity for the purposes of the Companies Act 2006, present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Objectives and aims

Our Mission

We educate, develop and inspire the whole pupil, now, and for life.

Our values

We are ambitious for our pupils.

Our Aims

Our Objectives

The Charity's objects outlined in the school's Memorandum and Articles of Association are: "To promote and provide for the advancement of education and in connection therewith to conduct, carry on, acquire, establish, maintain, promote and develop in the United Kingdom any schools, facilities and institutions for the education of children, young persons and adults of both sexes"

In the year under review the school offered nursery places and education facilities for children and young people up to age 18.

The school is committed to providing a rounded and complete education and is proud of its high standards and high expectations. The high standards of academic success achieved are a testament to the commitment and dedication of the staff and the high expectations adopted by the pupils. Our aim is to help children progress in as many directions as possible, to encourage their excellence and to give them opportunities to develop skills away from the classroom, preparing them for their future lives.

The school's policy is to attain the highest academic levels whilst providing an environment that also promotes the moral and physical development of pupils. This aims to develop other interests and prepare pupils for university, college and, of course, their working life beyond education. Hill House School aims to provide a happy, stimulating environment in which caring, professional staff motivate children, and young adults, to achieve their full potential.

The school believes that life outside the classroom should be rich and rewarding. School years are an important time for trying out new skills and activities, which can give lifelong pleasure and opportunities. Extra-curricular activities are an integral part of a full and stimulating education encouraging children to develop interests beyond their academic pursuits.

Over 100 extra-curricular activities are offered each week allowing children to develop existing interests and discover new talents. Trips and visits are another key aspect of the Hill House School life.

HILL HOUSE SCHOOL LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Each year the school offers the Silver and Gold Duke of Edinburgh Award to Year 10 and Lower Sixth students respectively.

Sport plays a huge part in the life of the school as we wholeheartedly believe that teamwork and resilience are important skills to learn both inside the classroom and on the sports field. The school is proud to be district and county champions in many sports and a number of our teams have achieved regional and national successes including a major win as a Forty Club Crowns Cricket School of the Year, U14 North East Hockey Champions, joint winners of the U16 Girls Rugby competition at Rosslyn Park and pupils selected for prestigious pathway programmes in rugby and cricket.

The school has ten choirs, three orchestras and numerous ensembles and therefore a remarkable number of pupils are able to enjoy and excel in music. School drama productions and musical performances are important calendar events which are well supported by families and staff.

The governors are encouraged to attend sporting events, productions, concerts and also to visit school during a normal school day to take part in routine lessons and experience the normal day to day running of the school.

The school communicates on a regular and appropriate basis with parents of children in school regarding their academic, co-curricular and pastoral progress by a variety of means including termly newsletters and reports, parents evenings, emails and the school's website where appropriate.

Public benefit

In considering the aims of the school the Board of Governors has, in accordance with the Charities Act 2011, given due regard to the public benefit guidance issued by the Charity Commission.

Increasing accessibility to the outstanding all-round education, pastoral care and extensive opportunities offered at the School is a key objective.

The school values its place in the local community and has worked hard over the years to develop positive relationships with local schools and community groups, and to facilitate the sharing of the school's facilities and expertise. In addition to benefiting the wider community the overall experience of our pupils is greatly enhanced by the experiences they gain from interactions with their extended community.

The school regularly hosts events such as a science fair, spelling Bees, music day, sports tournaments and a cross country event in which pupils and staff from both Hill House and other local schools can participate.

The school works in partnership with Rose Learning Trust, a multi-academy trust operating several primary schools in the Doncaster area, and regularly invites pupils from these schools to take part in events at Hill House. This provides opportunities otherwise unavailable to in excess of 200 children each year from schools in this group. Hill House led training sessions are opened up to teaching staff within the group and colleagues are encouraged to share best practice in a wide range of subject areas.

The Classics Department teaches GCSE Latin to pupils from Hayfield School, and members of the PE Department teach every week at local primary schools.

Since 2011 the school has hosted The Robin Hood Music and Drama Festival annually. Over the years the festival has proved to be an increasingly popular annual event, welcoming children from the wider community into the school to show off their artistic styles to their peers.

HILL HOUSE SCHOOL LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

The school and pupils are committed to charitable fundraising and regularly hold events to raise money for charities such as Children in Need, During the year the school raised in excess of £6,000 to donate to several charities.

It is the boards policy to keep fees at a level as low as is practicably possible in order to widen access to as many children as possible within Doncaster and its surrounding areas. The board was mindful of the increase in the cost of living as well as the impact of the imposition of VAT when setting fees for the 2024/25 academic year and have looked to mitigate the impact of passing on this increase to parents.

Bursary Policy

The school has long maintained a policy of awarding bursaries, within budgetary constraints, where personal financial circumstances warrant it.

The Governors view the bursary awards as important in helping to ensure children from families who would otherwise not be able to afford the fees are able to access the education and facilities available at Hill House School. The Bursary policy is periodically reviewed to ensure that it is robust and fair, providing clear guidelines for decision making. Each application is assessed on its own merit and social factors are always taken into consideration alongside the means testing parameters.

The school's Bursary awards are available to all who meet general entry requirements and are made on the basis of parental means, or to relieve temporary hardship for existing families, where a pupil's education would otherwise be at risk. Existing and new parents are given the opportunity to apply for assistance and all applications are assessed taking account of several factors including family income, investments, savings and family circumstances, including the number of siblings and dependant relatives. The school can only allocate a limited amount of resources for the provision of bursaries and must maintain a fair balance taking into account the sacrifices that existing fee paying parents often have to make to ensure the continuity of their child's education.

The school are committed to offering bursary support to pupils who would not otherwise be able to access a Hill - House education. To ensure the school’s financial sustainability and fairness for full fee paying families, all bursary applications are assessed rigorously and consistently. Each application is considered on its individual merits, - ensuring that support is directed to those with genuine need while maintaining the long term financial viability of the school. This continued commitment to providing access for pupils, regardless of their circumstances, resulted in provision of school funded financial assistance to 470 pupils across all age ranges.

The bursary awards range from 10% to 100% remission of fees. Information about the school's bursary policy is available on the school's website, within the prospectus and in any promotional literature produced by the school.

Strategic report

Academic performance

The average number of pupil's in school during the year was 838 (2024 : 795). The average number of nursery pupils during the year was 51 (2024 : 62). In 2025, 76 pupils (2024 : 64) were entered in GCSE examinations with an overall pass rate of 94% ; 46% (2024 : 57%) of GCSEs were graded 7-9. The average number of passes per candidate at grade C or above was 8.5 (2024 : 8.4).

Results in the Sixth Form continue to be impressive. In 2025, 66 students were entered for A Levels (2024:58), 40% of exams were graded A or A, 65% A to B, and a fantastic 86% A* to C which was another strong year for the school. The overall pass rate was a superb 99.6% with students taking up places at renowned Universities including Oxford, Imperial College London, and a cohort of our pupils destined for Medical School. The average grade remains pleasing at a Grade B.

HILL HOUSE SCHOOL LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

ISI Inspection

In the 2025 year we are delighted to share our report from the Independent Schools' Inspectorate following their inspection which took place at the end of September 2025, covering both regulatory compliance and educational quality.

Hill House School was awarded the highest accolade available, known as a "significant strength"; these are awarded to only the top 10% of independent schools in the country. We were thrilled to see that inspectors judged the school's development of pupils' leadership skills and sense of responsibility as a significant strength, which is a great credit to all the staff and pupils.

Developments

Work was completed in the Michaelmas term 2024 on the refurbishment of the New Court building providing the school with state-of-the-art facilities, including a bespoke Music School, a vibrant Art School a fully equipped Fitness Centre and a dedicated Year 6 space.

Financial review

Performance

The 2024/25 year has been another extremely successful year for the school. Pupil numbers remained strong despite the impact of VAT on school fess and the removal of business rates relief. There remains continued interest in the school from families looking at the independent sector as a viable alternative to state education.

The financial results are set out in the Statement of Financial Activities. The school's Net Incoming resources of £542,915 has reduced from the £1,312,975 achieved in 2024, this is a result of the schools decision to help parents by absorbing, at least in part, the cost of the VAT changes imposed by the government during the year. Rigorous financial management and controls, in conjunction with the strong relationships built with existing parents and newcomers to the school, have enabled the school to mitigate the impact of the recent government changes.

The key financial performance indicators reported by the school are as follows:

Gross Profit Percentage 39.2% (2024 : 42.8%) Net Surplus Percentage 5.1% (2024 : 12.5%) Teaching staff costs as a Percentage of Income 49.4% (2024 : 46.9%)

The charity's net assets at the 31st August 2025 amounted to £12,530,369 (2024 - £11,987,454), all of which were unrestricted.

The governors are pleased to report that the provision of a first-class education system, together with effective marketing and astute financial management has resulted in another healthy set of results for the 2024/25 academic year

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to or in excess of its anticipated annual expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant change in the charity's operating environment, they will be able to continue the charity’s current activities while consideration is given to ways in which the charity will move forward. This level of reserves has been maintained throughout the year. At the 31st August 2025 the charity held unrestricted funds of £12,530,369 (2024 - £11,987,454) of which £19,281 (2024 - £23,208) were designated funds. The undesignated unrestricted funds are in excess of the current years annual expenditure of £10,112,853 and next years budgeted anticipated expenditure, in line with the schools reserve policy.

It remains the trustees policy to invest surplus funds for the furtherance of the school's objects to build up sufficient reserves to enable the charity to meet its capital repayment commitments due to borrowings following the acquisition of premises, and to meet the long term operational and capital investment plans of the school. The charity continued to use low risk bank deposit account investments to ring fence funds and generate income throughout the year.

HILL HOUSE SCHOOL LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Plans for future periods

During the 2025/26 year, the school will continue to invest in the premises to ensure the environment remains an inspiring place for our pupils and fit for purpose. Planned works include the refreshment of the junior school playground and the installation of retractable seating in the main hall to support increased capacity and hosting school events throughout the year. These projects will be funded through a combination of direct investment by the school and contributory funds raised by our Friends of Hill House School volunteers.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs J Fearns R P Leggott (Deceased 21 August 2025) J Sprenger Dr A Cooper Prof J Pickering A Ogley A Joshi R Blakemore (Resigned 9 October 2024) Dr K Rao P Hanley R Poulton D Riley (Appointed 18 September 2024) A Ward L Young (Appointed 9 December 2024) S Pepper (Appointed 26 January 2026)

Recruitment and appointment of trustees

As and when necessary the Board of Governors, assisted by the Headmaster and Bursar (Chief Operating Officer from 1st September 2025), seeks out interested persons who have the appropriate skills and qualities to serve on the Board. Trustees are appointed to provide the board as a whole with a broad spectrum of experience across relevant areas of operation of the school and to ensure a balance of skills and knowledge on the board of governors. New governors are inducted by the Headmaster and Bursar into the workings of the school and initial training is undertaken through AGBIS. Membership of AGBIS (Association of Governing Bodies of Independent Schools) provides individual trustees and the senior management with support in their roles whilst providing valuable training resources and guidance. Trustees' knowledge and experience dictates how sub-committees are populated to ensure effective oversight of specific areas of governance. Trustees are supported in their roles by the senior management team and through regular training and resources available through AGBIS.

HILL HOUSE SCHOOL LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Organisational structure

Hill House School Limited was formed in 1967 to acquire the school of that name as a going concern. Its registered company number is 908443 and it is governed by the provisions of its Memorandum and Articles of Association. It is a registered charity, number 529420.

The school operated under the name of Hill House St Mary's School from 2002 at the time of its amalgamation with St Mary's School until relocation to its current site in August 2008 when it reverted to the name of Hill House School under which it now operates.

The board of governors determine the school's policies and strategies and monitor them as appropriate. They review the risks of operation periodically together with the systems of internal control and mitigation of risks including, as appropriate, insurance cover to ensure risks are minimised as far as is possible.

The governors' investment powers are set out in the Memorandum and Articles of Association. These allow the charity to invest funds not immediately required for furtherance of its objectives in such investments, securities or property as may be thought fit, subject to any conditions imposed by law.

Day to day management of the school's operations is delegated by the Board to the Headmaster, the Bursar ( Chief Operating Officer from 1st September 2025) and their Senior Management Team who report to the Board termly, as a minimum, through an appropriate structure of sub committees which scrutinise activities closely.

The sub-committees, who report to the Board are :

FGPSC - Finance and General Purposes Sub-Committee HRSC - Human Resources Sub-Committee ARSC - Academic and Related Sub-Committee SRSC - Statutory and Regulatory Sub-Committee Remuneration Committee

In addition to the sub-committee structure. working parties, made up of Governors and Managers with the relevant experience and knowledge, are formed to oversee specific projects when appropriate.

The remuneration of key management personnel (the Senior Management Team) is determined by the Remuneration Committee and approved by the Board after considering market rates. The committee meets annually during the early part of the Lent term.

Management Team

The school headmaster, D Holland, is assisted in running the school during the year by the following management team in place at the 31 August 2025:

The management team is supported by appropriate support staff.

HILL HOUSE SCHOOL LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place, and that controls provide reasonable assurance against fraud and error. To ensure compliance with its duties in this respect the school has a corporate risk register which is periodically reviewed by subcommittees and the Board of Governors. Through the risk management process established for the school, the Governors are satisfied that the major risks identified have been adequately assessed in terms of likelihood and impact, and that mitigating control measures have been identified and put in place. Responsibility for the day to day financial management is delegated to relevant individuals and the finance system is open to scrutiny by the board.

Risks are reviewed at each meeting by sub-committees and this is subject to overall scrutiny by the SRSC.

Auditor

In accordance with the company's articles, a resolution proposing that Warrens Accountants Limited be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report, including the strategic report, was approved by the Board of Trustees.

Mrs J Fearns A Ward Trustee Trustee

19 March 2026

HILL HOUSE SCHOOL LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 AUGUST 2025

The trustees, who are also the directors of Hill House School Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

HILL HOUSE SCHOOL LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HILL HOUSE SCHOOL LIMITED

Opinion

We have audited the financial statements of Hill House School Limited (the ‘charity’) for the year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

HILL HOUSE SCHOOL LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HILL HOUSE SCHOOL LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities including fraud

As part of designing our audit, we determined materiality and assessed the risk of material misstatement in the financial statements, including how fraud may occur by enquiring with management as to its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of the discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of material adjusting journals and key estimates and judgements made by management.

HILL HOUSE SCHOOL LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HILL HOUSE SCHOOL LIMITED

We gained an understanding of the legal and regularity framework applicable to the company and the charitable sector in which it operates, drawing on our audit experience and knowledge of the charitable company and its sector, and considered the risk of acts by the company that were contrary to these laws and regulations, including fraud.

We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to:

The Companies Act 2006 and associated legislation UK Health and Safety at Work legislation UK Employment & Labour laws and regulations UK Charities legislation and guidance

We also made enquiries of management with regards to the compliance with the above laws and regulations and obtained any necessary evidence to corroborate the information provided, for example minutes of trustee directors meetings and legal correspondence between the company and its solicitors.

We have identified revenue recognition, management override and completeness of related party transactions as key audit matters relating to irregularities, including fraud.

We have evaluated management's incentives for fraudulent manipulation of the financial statements, including the risk of management overriding controls, and identified that the principal risks relate to management bias in accounting estimates and judgmental areas of the financial statements such as revenue recognition.

The following audit work was undertaken in response to the risks identified:

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed noncompliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

HILL HOUSE SCHOOL LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HILL HOUSE SCHOOL LIMITED

Mr John Thomas Smith (Senior Statutory Auditor) for and on behalf of Warrens Accountants Limited

19 March 2026

Chartered Certified Accountants Statutory Auditor

33 Thorne Road Doncaster South Yorkshire DN1 2HD

HILL HOUSE SCHOOL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Current financial year
Unrestricted
funds
2025
Notes
£
Income and endowments from:
Grants, donations and legacies
4
-
Charitable activities
5
10,457,483
Investments
6
138,987
Other income
7
33,390
Total income
10,629,860
Expenditure on:
Charitable activities
8
10,106,353
Total expenditure
10,106,353
Net income
523,507
Transfers between funds
19,408
Net movement in funds
11
542,915
Reconciliation of funds:
Fund balances at 1 September 2024
11,987,454
Fund balances at 31 August 2025
12,530,369		 Restricted
funds
2025
£
25,908
-
-
-
25,908
6,500
6,500
19,408
(19,408)
-
-
-		 Total
2025
£
25,908
10,457,483
138,987
33,390
10,655,768
10,112,853
10,112,853
542,915
-
542,915
11,987,454
12,530,369

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 17 to 33 form part of these financial statements.

HILL HOUSE SCHOOL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Prior financial year Unrestricted
As-restated funds
2024
Notes £
Income and endowments from:
Grants, donations and legacies 4 32,983
Charitable activities 5 10,219,248
Investments 6 218,931
Other income 7 35,129
Total income 10,506,291
Expenditure on:
Charitable activities 8 9,193,316
Total expenditure 9,193,316
Net income and movement in funds 1,312,975
Reconciliation of funds:
Fund balances at 1 September 2023 10,674,479
Fund balances at 31 August 2024 11,987,454

HILL HOUSE SCHOOL LIMITED

BALANCE SHEET

AS AT 31 AUGUST 2025

Notes
Fixed assets
Tangible assets
15
Current assets
Stocks
17
Debtors
18
Investments
19
Cash at bank and in hand
Creditors: amounts falling due within
one year
20
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
21
Net assets
The funds of the charity
Unrestricted funds
26		 2025
£
£
16,837,563
20,611
1,260,238
679,901
2,566,389
4,527,139
3,273,310
1,253,829
18,091,392
(5,561,023)
12,530,369
12,530,369
12,530,369		 2024
£
£
16,384,517
17,197
447,100
2,110,006
1,895,631
4,469,934
3,775,704
694,230
17,078,747
(5,091,293)
11,987,454
11,987,454
11,987,454

The notes on pages 17 to 33 form part of these financial statements.

The financial statements were approved by the trustees on 19 March 2026

Mrs J Fearns A Ward Trustee Trustee

Company registration number 00908443 (England and Wales)

HILL HOUSE SCHOOL LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

2025 2024
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 31 700,452 2,521,482
Investing activities
Purchase of tangible fixed assets (1,653,256) (1,795,346)
Proceeds from disposal of tangible fixed
assets - 24,204
Monies (invested in) / withdrawn from 95 day
corporate notice account 1,500,000 (91,330)
Investment income received 77,259 218,294
Net cash used in investing activities (75,997) (1,644,178)
Financing activities
Proceeds from new bank loans 5,200,000 -
Repayment of bank loans (5,153,697) (396,079)
Net cash generated from/(used in)
financing activities 46,303 (396,079)
Net increase in cash and cash equivalents 670,758 481,225
Cash and cash equivalents at beginning of year 1,895,631 1,414,406
Cash and cash equivalents at end of year 2,566,389 1,895,631
Relating to:
Cash at bank and in hand 2,566,389 1,895,631

The notes on pages 17 to 33 form part of these financial statements.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

Hill House School Limited is a private company limited by guarantee incorporated in England and Wales. Its company number is 00908443 and the registered office is Sixth Avenue, Auckley, Doncaster, DN9 3GG. The charity's principal activity is the provision of educational services.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention,modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for a period of at least 12 months from the expected date of approval of these financial statements. The trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern and consequently the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. The charity's primary source of income is school's fees and associated activities , net of bursaries and allowances given and VAT where applicable.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 0.5% & 10% on cost Leasehold land and buildings 0.5% & 10% on cost Fixtures and fittings 33% on cost and 10% on cost Motor vehicles 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Freehold and long leasehold land is not depreciated.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Current asset investments are stated at fair value with any gains or losses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset.

All other financial instruments are measured as detailed below.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.13 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.14 Current asset investments

Investments within current assets are bank deposit accounts that are held on terms whereby they do not meet the criteria to be treated as cash at bank and in hand.

The current asset investments are classified at fair value through the profit and loss account (FVTPL).

Financial assets classified at their FVTPL are initially recognised at the fair value of the consideration paid. They are subsequently measured at fair value with any resultant gain or loss recognised in the statement of income and retained earnings.

1.15 Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

Rental income from an operating lease is recognised on a straight-line basis over the life of the lease even if payments are not made on that basis. The aggregate cost of any incentives is recognised as a reduction in income over the lease term. Costs incurred in earning the lease income are recognised as an expense

2 Change in accounting policy and prior year adjustments

The trustees have re assessed the activities of the school and having considered the nature of its income believe that the pupil bus fares , previously disclosed within trading activities, constitutes part of the schools overall educational activities. As a consequence of this pupil bus fare of £172,497 in the prior period have been re-analysed and disclosed within charitable activities. The re-allocation of the comparatives has had no consequential effect on the net income in the prior period or financial position of the charity.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

3 Critical accounting estimates and judgements

The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise.

Significant judgements

In the course of preparing the financial statements, no significant judgements have been made in the process of applying the charity's accounting policies, other than those involving estimations that have had a significant effect on the amounts recognised in the financial statements.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and by their nature, will rarely equal the related actual outcome. The charity does not have any key assumptions concerning the future, or other key sources of estimation or uncertainty in the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Notwithstanding this, the following matters should be noted;

In relation to the charity's property, plant and equipment useful economic lives and residual value of assets have been established using historical experience and an assessment of the nature of the assets involved, these estimates may need to be revised as circumstances and technology change.

With regard to the VAT recoverable provision made under the Capital Goods Scheme the charity has assessed the amounts recoverable based on actual and anticipated future partial exemption claims, again these estimates may need to be revised as circumstances change.

4 Income from grants, donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts - 25,908 25,908 32,983 - 32,983

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

5 Income from charitable activities

Unrestricted Unrestricted
funds funds
As restated
2025 2024
£ £
Educational activities
Tuition fees 12,227,341 11,656,996
Nursery fees 89,236 127,069
Wrap around and activity weeks 79,781 68,721
Early educational entitlement government grants 297,596 299,503
Bus fares 193,798 172,497
Bursaries, scolarships and discounts (2,430,269) (2,105,538)
10,457,483 10,219,248

6 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Rental income 16,141 43,318
Investment interest receivable - 95 day deposit account 61,727 91,331
Interest receivable 61,119 84,282
138,987 218,931

7 Other income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net gain on disposal of tangible fixed assets - 6,004
Sundry income 33,390 29,125
33,390 35,129

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

8 Expenditure on charitable activities

Educational
activites
Educational
activites
2025
2025
£
£
Direct costs
Staff costs
5,542,201
-
Depreciation and impairment
280,554
-
Catering costs
640,218
-
Academic costs & games
331,260
6,500
Teaching and student other costs
450,077
-
Running of school other costs
575,353
-
Premises costs
975,299
-
Interest payable and similar charges
503,200
-
Supply teaching, staff benefits and associated costs
79,737
-
9,377,899
6,500
Share of support and governance costs (see note 10)
Support
712,529
-
Governance
15,925
-
10,106,353
6,500
Analysis by fund
Unrestricted funds
10,106,353
-
Restricted funds
-
6,500
10,106,353
6,500		 Total
Educational
activites
2025
2024
£
£
5,542,201
5,043,111
280,554
240,255
640,218
624,505
337,760
309,484
450,077
333,098
575,353
557,031
975,299
919,287
503,200
353,833
79,737
88,574
9,384,399
8,469,178
712,529
703,729
15,925
20,409
10,112,853
9,193,316
10,106,353
9,193,316
6,500
-
10,112,853
9,193,316		 Total
Educational
activites
2025
2024
£
£
5,542,201
5,043,111
280,554
240,255
640,218
624,505
337,760
309,484
450,077
333,098
575,353
557,031
975,299
919,287
503,200
353,833
79,737
88,574
9,384,399
8,469,178
712,529
703,729
15,925
20,409
10,112,853
9,193,316
10,106,353
9,193,316
6,500
-
10,112,853
9,193,316
8,469,178
703,729
20,409
9,193,316
9,193,316
-
9,193,316

9 Description of charitable activities

Educational activites

Educational activities represents the income and costs attributable to the schools core activity undertaken in the financial period.

10 Support costs allocated to activities

Staff costs
Governance costs
Analysed between:
Educational activites		 2025
£
712,529
15,925
728,454
728,454		 2024
£
703,729
20,409
724,138
724,138

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

10
Support costs allocated to activities
Governance costs comprise:
Audit fees
Legal and professional
11
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Loss/(profit) on disposal of tangible fixed assets
Operating lease charges		 (Continued)
2025
2024
£
£
8,200
9,840
7,725
10,569
15,925
20,409
2025
2024
£
£
8,200
9,840
280,554
240,255
-
(6,004)
110,486
74,687		 (Continued)
2025
2024
£
£
8,200
9,840
7,725
10,569
15,925
20,409
2025
2024
£
£
8,200
9,840
280,554
240,255
-
(6,004)
110,486
74,687
20,409
2024
£
9,840
240,255
(6,004)
74,687

12 Trustees

None of the trustees received any expenses, remuneration or benefits from the charity during this year or the prior year.

13 Employees

The average monthly number of employees during the year was:

Teaching
Administration
Maintenance & Drivers
Total
Employment costs
Wages and salaries
Social security costs
Deffined contribution pension costs		 2025
Number
108
17
21
146
2025
£
4,867,457
523,853
863,420
6,254,730		 2024
Number
102
17
19
138
2024
£
4,497,492
479,940
769,408
5,746,840

No redundancy payments were made in 2025 ( 2024 - Nil).

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

13 Employees

(Continued)

In addition to the employment costs above staff benefits of £23,534 (2024 - £25,523) and life insurance contributions of £42,748 (2024 - £37,882) were paid during the year.

The number of employees whose annual remuneration was more than £60,000 is as follows:

is as follows:
2025 2024
Number Number
£60,001 - £70,000 1 2
£70,001 - £80,000 2 -
£80,001 - £90,000 1 1
£90,001 - £100,000 - 2
£100,001 - £110,000 1 -
£150,001 - £200,000 1 1

Remuneration of key management personnel

The key management personnel comprises the headmaster and the management team as listed in the trustee' report. The total amount of employee remuneration (including employer pension contributions) received by key management personnel for their services to the charity was £817,592 (2024 - £806,969). In addition to this Employers NIC paid to key management personnel in the year amounted to £78,005 (2024 - £82,514).

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

15 Tangible fixed assets

Freehold land
and buildings
£
Cost
At 1 September 2024
1,520,366
Additions
(122,300)
Transfer
40,053
At 31 August 2025
1,438,119
Depreciation and impairment
At 1 September 2024
324,951
Depreciation charged in the year
6,231
Transfer
(1,715)
At 31 August 2025
329,467
Carrying amount
At 31 August 2025
1,108,652
At 31 August 2024
1,195,415		 Leasehold
land and
buildings
£
15,570,917
455,976
(39,453)
15,987,440
874,798
114,002
1,715
990,515
14,996,925
14,696,119		 Fixtures and
fittings
£
1,691,690
345,000
(600)
2,036,090
1,221,387
156,497
-
1,377,884
658,206
470,303		 Motor
vehicles
£
25,200
54,924
-
80,124
2,520
3,824
-
6,344
73,780
22,680		 Total
£
18,808,173
733,600
-
19,541,773
2,423,656
280,554
-
2,704,210
16,837,563
16,384,517

Freehold and long leasehold land amounting to £4,707,583 are not depreciated.

As detailed in note 22 of the accounts the charity's bank borrowings are secured by charges over the above tangible fixed assets.

Following the introduction of VAT on school fees in the year the school is able to reclaim VAT incurred on capital projects which meet the requirements under the Capital Goods Scheme. As a consequence of this VAT amounting to £665,193 has been provided for under the scheme and adjusted from the asset additions in the year (£122,300 from freehold land and buildings together with £542,893 from leasehold land and buildings).

16 Financial instruments

Financial instruments
2025 2024
£ £
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 679,901 2,110,006

Interest on Financial instruments

During the year interest amounting to £61,727 (2024 - £91,331) was received on financial instruments measured at fair value through profit and loss. Other interest receivable in the year amounted to £61,119 (2024 - £84,282) related to financial investments measured at amortised cost.

Interest payable on financial instruments measured at amortised cost in the year amounted to £503,200 (2024 - £353,833).

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

17
Stocks
Food and consumables
18
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
20,611
2025
£
196,125
770,786
293,327
1,260,238		 2024
£
17,197
2024
£
204,897
39,828
202,375
447,100

Debtors after 1 year

Included within other debtors is a provision for VAT recoverable under the Capital Goods Scheme amounting to £552,460 which is recoverable after one year.

19 Current asset investments

Other investments 2025
£
679,901		 2024
£
2,110,006
The current asset investment is a bank term deposit.
Creditors: amounts falling due within one year
Notes
Bank loans
22
Other taxation and social security
Deferred income
23
Trade creditors
Term fees paid in advance
Other creditors
Accruals		 2025
£
208,000
134,273
425,541
442,547
1,359,870
486,301
216,778
3,273,310		 2024
£
981,614
124,060
506,715
241,554
1,041,606
406,583
473,572
3,775,704

20 Creditors: amounts falling due within one year

Included within deferred income are deferred school fees amounting to £354,895 (2024 - £443,788) and government nursery grants amounting to £70,646 (2024 - £62,927) which have been received in advance of the term to which they relate.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

21
Creditors: amounts falling due after more than one year
Notes
Bank loans
22
Deferred income- school fees
23
22
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments		 2025
£
4,922,667
638,356
5,561,023
2025
£
5,130,667
208,000
4,922,667
4,090,667		 2024
£
4,102,750
988,543
5,091,293
2024
£
5,084,364
981,614
4,102,750
1,944,996

The bank loan at the 31 August 2025 are secured by the following dated 4th April 2025:

a) A debenture giving a fixed and floating charge over the assets of the company

b) A legal charge over land on the East side of Station Road, Blaxton, Doncaster

c) A legal charge over Oxford House, Sixth Avenue, Auckley, Doncaster, DN9 3GG

d) A legal charge over Hill House School, Sixth Avenue, Auckley, Doncaster and adjoining three parcels of land.

The loan is a partial amortising facility which was drawn down on the 3 April 2025, it is for a period of 6 years, at a variable rate of interest, with a margin of 1.90% per annum above base.

The previous years bank loans were secured by a debenture created 20 November 2007 giving a fixed and floating charge over the assets of the charity together with the following:

a) A legal mortgage created 16 December 2011 over land at the south side of Bank End Road, Blaxton.

b) A fixed and floating charge over Oxford House land and premises created 22 January 2020.

c) A legal mortgage created 20 November 2007 over the former officers mess and adjoining land at Robin Hood Airport, Doncaster.

These charges were satisfied on the 7 April 2025.

Interest was charged on these loans at various fixed and variable rates.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

23
Deferred income
Arising from government grants
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Non-current liabilities
Movements in the year:
Deferred income at 1 September 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 August 2025
24
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
70,646
993,251
1,063,897		 2024
£
62,927
1,432,331
1,495,258
2024
£
506,715
988,543
1,495,258
41,594
(41,594)
1,495,258
1,495,258
2024
£
769,408
2025
£
425,541
638,356
1,063,897
1,495,258
(502,007)
70,646
1,063,897
2025
£
863,420

The charity operates defined contribution pension schemes for all qualifying employees. The assets of the schemes are held separately from those of the charity in independently administered funds.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

25 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources Transfers At 31 August
September resources expended 2025
2024
£ £ £ £ £
Friends of Hill House -
equipment fund - 25,908 (6,500) (19,408) -

The equipment fund represents funds received from the Friends of Hill House School to provide equipment for use by the pupils of the school, as directed by the donors.

26 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

General development fund
General funds
General development fund
General funds		 At 1
September
2024
23,208
11,964,246
11,987,454
At 1
September
2023
-
10,674,479
10,674,479		 Incoming
resources
Resources
expended
3,122
(7,049)
10,626,738
(10,099,304)
10,629,860
(10,106,353)
Incoming
resources
Resources
expended
37,607
(14,399)
10,468,684
(9,178,917)
10,506,291
(9,193,316)		 Transfers At 31 August
2025
£
-
19,281
19,408
12,511,088
19,408
12,530,369
Transfers At 31 August
2024
£
-
23,208
-
11,964,246
-
11,987,454

The general development fund's primary purpose is to provide ancillary help and goods towards the general benefit and development of the students,

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

27 Analysis of net assets between funds

Unrestricted
funds
2025
£
Fund balances at 31 August 2025 are represented by:
Tangible assets 16,837,563
Current assets/(liabilities) 1,253,829
Long term liabilities (5,561,023)
12,530,369
Unrestricted
funds
2024
£
Fund balances at 31 August 2024 are represented by:
Tangible assets 16,384,517
Current assets/(liabilities) 694,230
Long term liabilities (5,091,293)
11,987,454

28 Operating lease commitments

Lessee

The operating leases consists of 16 leases, which are payable to unconnected third parties. The leases are negotiated over terms of 3-5 years and rentals are fixed.

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
121,115
343,775
464,890		 2024
£
32,584
41,958
74,542

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

28 Operating lease commitments

(Continued)

In addition to the above the charity is liable to pay an annual ground rent of £2,250, plus VAT as applicable, in respect of leasehold land and property held by the charity and included within fixed assets.

The ground rent of £2,250 plus VAT due on two 999 land and property leases (£1,125 per lease) which commenced on the 20 November 2007 and 31 March 2015. The annual rents are both due for review on the 25 March 2037 and every 30 years thereafter. The rent will be increased by £1,125 plus VAT at each review (£2,250 plus VAT in total).

The present value of the above future lease payments were determined as immaterial on inception and the ground rent has been charged as a cost annually to the income and expenditure account.

Lessor

The charity rented out Oxford house (now New Court) on short term annual tenancies with a three month notice period. Notice was given to all tenants at the beginning of the 2024 financial year. The property is now utilised for charitable purposes only.

29 Capital commitments

Amounts contracted for but not provided in the financial statements:

2025 2024
£ £
Acquisition of property, plant and equipment - 682,423

At the 31 August 2025 there was no authorised capital expenditure (2024 - £414,113) which had not been contracted for.

30 Related party transactions

There were no material disclosable related party transactions during the current year.

HILL HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

31
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
(Decrease)/increase in creditors due after one year
Cash generated from operations
32
Analysis of changes in net (debt)/funds
At 1 September
2024
£
Cash at bank and in hand
1,895,631
Loans falling due within one year
(981,614)
Loans falling due after more than one year
(4,102,750)
(3,188,733)		 2025
2024
£
£
542,915
1,312,975
(138,987)
(218,931)
-
(6,004)
280,554
240,255
(3,414)
(1,469)
(156,112)
5,950
606,857
(264,958)
(431,361)
1,453,664
700,452
2,521,482
Cash flows
At 31 August
2025
£
£
670,758
2,566,389
773,614
(208,000)
(819,917)
(4,922,667)
624,455
(2,564,278)