Ch•rlty Regiltration Mo. 000284 Company R•gOstratlon No. 2271J044 IEngl•nd and Wales) HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Icuivis DOCTRINA REFERTUR •AF2H4BCA' 2010512026 COMPANIES HOUSE All 42
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Truste•s C AtrJih38 D Smilh S Tanna (AppDinted 1 September 20251 P Fry Sgcr•tsry and 8urn•r Hoad Te%her E Rees Charlty nwnbgr 800284 Company numb 2270044 R•gistsTrd offic• London SW12 8RS Audltor Ward IMNiams Limited Belgrave House 3943 Monurnnl Weybndge Surrey 138RN Banke Child & Co Bankers 1 Fleet Stre•t EC4Y 1BD Soll¢llo Barkm Robtrins The Ori Sydenham Rowj Guildlord SwTey GU1 3SR
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE CONTENTS Trustees, Independent auditorfs report 13-16 17 statementofffinwwl pawlt 18 Statement ofcash fyJw8 19 Notes to the firrarKial slatements
HORNSBY HOUSE EDUCATIONAL TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees. are olso Dire¢¢rys for Ihe purposes of Mparty l¥w. present ltieir rermxl aThJ the ffinanual
stalerywts ofthe ccwnpwry forlhe yew ¢rded 31 AU$l 2025.
The arLounts have been prepared in accordance with the account1j pohcw set out in note 1 to the octs)unts
and comply vth the School's governing dLxunnt. the Companwts Act 2006 aThJ "Accountiny and Rewrling by
Chariknes.. Statement of Reo)mmended Ptactice applicable to charitiès prtparin9 their aoxunts in ac¢ordan
Ih the Financial Reporbng Standard applicab in the UK * Republ¢ of Ireland IFRS 102)'18$ 8mende¢l f
accountin9 periods commen¢in9 from 1 January 2016).
Objectlvos and activities
The S¢hool places equal eryh•$is on strategc •ms." first. to encaxragtt pupil to attwn hhest
academic standard$ acc(Ydiry to his or her akn.lty (the opportunty to benefft from the Sthol's extenswe CA>
CLwricular actNities play a part in this). seoxjnd. in terms of pastoral care la kjngstandiryj charteriSt of the
School). to ensure that all pupils we treated equally. ith respec and are valued.
have four schrxA aims vthich raptwe the areas of a thild's aMIr¥ and deve10prTrt vthith matter nmisl to us
at Homsby House Scool.
P•stornl - To promote kindness. enhance sell4steem the abl to Value and respeL* each person's 04
worth Ihrw9h a caring. nurturry and See enVir[>nnt.
Currirulum and Co
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Principal activity Hornsby House Sch(Kfs FwwKypal a(¥ty 15 ts yoytsion of a rseleth day school edtA)Th for boys ar•J girls aged 4- 11 year5. The SchocA is awrenlty fiAty subsuibed. ObJoctlv•s forthe year The Board's main obiecknve has been to continue to enhartt academic. spjrting. arKI c>>cU1CIar activities, standards and ts¢ilitses, induding Il pmision of financial suptth to those th) cannot afford to pay tuition fees, without detriffnt to of pas1 The scho has achieved this by offering an "iTrJi¥¥JLwIty wrapped. edtK)n in a wami. happy and nurfvring environment. underpinned by traditional walues. V•ith resources and suppwt tsikJFpd for the needs and inlere$ts of every child. Our approa¢h rècognises every dwld as a unique learner, wrth their own $trengths. interests and pace of development. Each pu1 is suprthed through persorkalised attentKJn. thougFrttAty adapted teaching, and opportunities that match t1r partiojlartslents needs. The Trustees have p8K1 due regard to by the Ch¥ty Comnwssion in dec4ding wtot actmties the School should undertake. Publlc bonefrt The Chwities Act 2006 made ¢thes vthith affed sdwjol. pnnopally rerrtyirtg the presu1"1)n in law thal education is for public befit. The effed of thi5 is a requirement ttsl edu¢alitsnal ¢harilies demonstfdte thè public benefft they provide. Th• Charity CommiOn has Provided guKldirEs on the th•nges together wth an analysis of the law affecth'rKJ charities. In meeting the School's objects. the benefft aim of Homsby Ph)use Sthool 1$ to prowde a fiT5t-dass independent education, both through strorYJ academic 111 arJ through deveEoping wider sportiThJ. artistic and s0¢i¥I skills in all its pupils. Thi5 is intended to create an eNrnrffient in al pupils can develop Ihew lull ptstsnlial, thus buildirvJ their seff-ty)nfidence and encoLKagNJ a desire to contribute to the wder (y)mmunty. In lurtrranc• of aims. the Bo•rd has ¢onWd ith the thjty &17(51 of the Charities Act 2011 to have due regard to Ihe Charity CoFrniission'$ published WKI theCtr s¥dantx oinceming the operation of the Public Benefft requirerrwl urKler thA In the acaderTWC yew 2024- 2025 Homsby HOLW s[01 PfD¥•Jed educakn lo 437 pupils wt¥) would otherwtse be educated in m¥intsined sthoG4s at PLJlic expert. H¢yAEver t BO0 recogni5e5 that it ha$ wAder responsibilitie5 to the l¢cal C4)mrn. There are three Jdrbonal eleffrts in the public benefft rt provides.. bursaries, outreach prqects ar*J cornrnty proierts.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Grnnt Making In carying OLbt this charTfae duty. Go¥eTr)rs are to the S¢hool's ¢mtributiC to the wider community a1 continue to maintain a wafate designed fvnd to supwrt bursaries and outreach proiects in fyILe years. Hoinsby House Govemots remain deditated to ertsurin9 that the Sd01's drstin¢Xve alnd education is accessible to thilthen who ¥Ik1 benefit from rts rth acale11C aThJ c{cUrrICUlar opportunit, regardkss of nanclal c1rcumstsn$. Thrwh ts Scholw5hp arKI Bursary Scheme. the School actNiety wekomes applications from families muht not otherw?se be able to cortsidèr independènt •ducation. promob.ng these opportunities widely through exfemal a¢fvertising and its websitè. The Schts)I èntourage$ appli&itions from pupils of dNerse rel&ious. ethnic arJ ¢xAtural b¥grvurKls, reftedry rt5 commitment to broadeniThJ ac¢e$s and strengttIn9 indusKm Vithin the HDrr txjmmunty. AJI applicats'ons for bursaries we based on personal aTrJ ryte5ted CA513re5. The SchTr)l uses an outside Company. Bursary Administralitin Ltd to assess all apIcals. These are Ihen reviewed by the Headmaster, the Bursar, aThJ the Board of Goverrvs. DepeThlirvJ on need, rSarleS may indude support for unrfom, lunth costs and extrrrIar a(knbe5. In 202412025 the School supported pupils tested tsKwies. varyiro in valu• 5% 10 90% of annual fees of whKh one is IrfngIng. Hofnsby House has a longstanding collaboration wilh thè Irtstitirtè of EdLtstion and Univetsity of Roehampton, offering work plxements during the Sd to St4nts undÈrt3kin9 thÈ PGCE. The S¢ho01 also participates in Ihe S¢hods Direca Programme. an employment based route into teaching for experienced graduates leading to QLMlified TeachiThJ Status. The school's public benefft Pramme is rrAnaged and cTr(xthnated by Mr Mar PeteT5, Deputy Head, Extemal Relation$, ¥ 1$ workiny vrith k¢al bYim8ry ar sports thbs lo develop a range of in1rts"¥eS in the local Community. Our mi55ion is to prvrThkn. devebp aThJ deliver Ieaming 0p111beS and eXpeIKeS open to all thrgh a range of •th"t5 to eftrth leIng •Joss the ¢>JrrMxAum arxl iwond. DurTrn9 the past few of years we Iwe budt excUent partrs1¥p$ in the local cornmunity Viih both Larkhall Primary S¢hfAI in stock41 TriNty St Mary's PriwAry sd in Balham to devehp leaming opportunttses for staff and pupils. A sigr¢ific3nt number of thihlren at both setr#)oLs are in receipt of free school rneals and over 48% of pupils at tsjth are digible for the pupil kyemwn grant for disadvanta9ed pupils. Now in its fourth SlSfvl year, the Page Tumers progRn¥ne c¢nb"nLS to thrive thanks to 1he dedication of Homsby Fk)use pant volunteers. who gbve their time ea¢h ek to supF¢rt yourty readers at Trinity Sl Mary's CotE sc1. The initiative pairs aLf ¥olunteers Vilh ehiklren wtho need extra support to develop their literacy skills, building ¢onfidenc and fastering a the of wding in a nurturing arxl encouraging environment. The impa¢ of the prowarThrn Iws ayairt been deepty felt by both chik1 arml staff. One of the dass le¥thers, $lwed'. -some of th8 morn anxious or luctsnt readets h)Jk lorward to goirKJ otrt wth the adults. which is bnlliant. In class. I see that they have grown Lfid and it is Thce to know that they are being read wilh every singlè W6ek. 11 makes a difference- thank you." The cyding programrr run for Larkhal Primary School al Heme Hli I Velcdrome is rw in its fourth year. This is a sport and venue to T1 the chiklren attend woukj oroinarfy not have access. Thi8 year we look a team Involftg th¢ schools. HnSty House. Larkhal and EITh Academy (Larkhall alumni rebJming to fide) under the banmr of Grr£z1$ Cyding Club. t¢ o)mpete in the S¢&KAls Track Champion5lips al Heme Hill Velodron. Leaning Into the Bear in the Homsby House W). Grizzl CC allows ¢h"IdoA who have been involved in one of our pn)grarrwnes. to Part4p0te tewn evwts.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Since October 2024, Homsby pupils have been lakirvJ part in the Sifver Stories l Readers pwramme, a Comwall-based charty. Thro this inkn, Ouf P(pS make weekty pltr)ne calls to three Sfver LiSteTre. members of the ekjerty corrwwnty, thLO are read to by our Silv8rReadefS. Each Silver Listener is paifed th a puwl rea(ler. 7fvtho tsha a $hort story. a clwptèr from a longer trk, or a poem during each cal. A mernr of staff is present to thi5. At mert V have one Silver Reader from Year 3, Year 4 and Year S. WTth readers Tolatiw appn)ximatety 0e per teFm to give nw)re pw)ils opportunity lo lake part. The prograrfwnè provides our thiktren ith a nnIngfUl PU for ttEir read¥. helpin9 to confKlenc, fluency and molNatt"on. Equalty importantly. it fostws genuine coMectKTh, offering CompannShIP to older members of the community and. in SO ¢ases, Iwing to redu( feelwvjs of isolation. Homsby House School contsnues its partrerth"p with HbrOOk Sckd. th)nating to the Sch1 a (trtribution for Ir Coram Beanstslk rnadin9 helper5. Strnteglc veport The description hthyings "Adtrnts pwrun. arm1"Resep poltty, meet the c4xnpary w oquements forthe Tnfyte¢s to preswtt a strat rep Achievements and Opgrati¢nal pertonn•nc• ofts School Hornsby House enjoyed another succe55fv1 y¢ar. Th& School hosted veral MLdtiwltural events. A a$Serf VAS led by pwents and pupds parts"cipated in workshop to celebT¢ the ri¢h cuhural heritsge of the Hmby community. The Fad Teacher from WenLin Chinese School visited and led an arnbfy to c4ebrate Chinese New Year and to talk to the Chdren about the ullure an¢J tradition$ surroundin9 new year i% cdebrnted in China. Thi8 was foltowed by a whol8 school hinese Lion Dance led by Chung Chin9 Lorthn Lion Danc. The Govèrrws proled support and guthtKe lo the S(1 thmwhout the year. More frequent wsits by the Governors to the s¢ho01 increased thw"r visrbilrty and furthw cemented relalior&frups with the staff and parent The Setrthl ctytinue$ to lthl. its am ol a kn•J, bncd and drfthntid CUniluM and ¢urri¢ulum for all children. Thé Independent S¢h(s Inspedcrfe Sck)ol sIted Homsby Hse in M1 2024. ISI inspects •gainst the Indepandent Sthool Stsndards and ots ottvant regulatsons. vthich are set by parliament. The Inspeetion found that the Schc¥Jl 15 fijlty crynpliant against ail star¥Jard5. Tr report, based on evthnce from the three day inspection ar was ihe first time Homsby House been inspe¢Xed wder t r ISI fvamework launched in September 2023. Reflec'ro on the 0veTh¥belminY Fwtsve report. it is partlarty Tewarding lo see how inspeclors noted that Pupils ceIve a broad and balanced education, v47th effecb¥e teaching, indusive sports programs, and dNerse extraCU1cU1af acvitiès fosteri a k)ve of beaming. Personal. social, ath, and 8eonomic education {PSHEI further prOAteS nmrtual resFe¢t. sel1nfthn. and positNe relationships. These findings align th our obpcb'vts. rEtlec'ng our rnn¥lr lo pro¥i(k'ng a $F*> arKI enriching le¥ming environment for all pu5. The School's excellent reputats. in the area has enswed sm demarvj fpr plxes and heatthy numbers on the roll. The Sdjool remwns commrtted to promting the chl1 dren's core values aryl devek)ping sot¥al skills that equip Ihern well in lrfe beyorHI primary sCM. This is athieved throwjh an exoiing relevant curriculum and the prowsion of a wide rarw of befo and after schoc4 gm ¢hikJren opptsrtunilies to vKJrk as a team and learn new skill$. The location of Ihe &hool atso fDr a rth arnl wied of educational trip5 nd v&sitin9 sptskers. The chiljren are supported by hi9hty quaIrfd and motivated slaff. The provtsion of excellenl resour and modem fali"eS remains a key priorty for new inve$trnent ratio of staff to pupli $ r•mains excellent.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES'.REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 &otTrl tjoes not selert thithn for Repts0 on the basi5 of ac•Jemic assessment but according to a first come, first served wiStran proc. The xademK prcKe33 of the School is 1rrresSNe. pupls receiving number of offers from some of the most demanding sthools in the county. Homsby House enjoyed another extremety strong year at 11+ All pupils secured a ace at their d)oti of preparatory or senior s¢hool and a signfficant number of pupils have again gained academic, sports. art and drama scholarships and exhibitions. Il+ Destination of Pupils 2025 {20241 35 30 25 20 Is io Ji Accepted 2025 •Accepted 2024 ll Offers 2025 • Offers 2024 ll Awards 2025 •Awards 2024 The sthoofs SLKces8 is deFEndenl on rts finarKial 5tsbilty. To thr5 end. the prirKip4 finan¥1 inthcalors targeted and monTtored by the Goverrws include Current arvj prospecbve pupil numbw5, annua surplus, and Gish. The results for the year we sel in detail on page 17. th incOw of £9,703.103 the School generated.an operating surptus of E807.379'12024.' £1.082,275). This sUS has been applied primarity in finanrAng new capital expenditure. The reserves of the School represent tr unrestrided fvr•Js tAthth the are free to use in acuidanc¢ wth its ¢haritsble objects. The reserves hehy required to finartt freehold property and to cA)ver normal I1uthaln$ in workitvj ¢aptsl. The $Ve5 have awrrwlated to £13.687.223 iefiect the $gnificanl cost of the School's freehdd land and bLNklings. Funding of recent Cawl projeds and necessary d¥Y4daY workn.ng caprtal is beirvJ met by careful management ofthe School's (xsh rvtsoLwces. together wilh additio fuTr*ry from the SdK>ol's bankers wlwe necessary.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED FOR THE YEAR ENDED 31 AIIGUST 2025 Most ol the S&tsJl's income is from sthool fees and Ollw assoaated revenue. The Trust promotes and raises funds for local char1t$ and other organisatio. in rts orwJoing endeavour to ¥iden public ar£ess to ts schooling, to oplimise the use of ts ¢uliural and SFMJt"ry faCile$ to waken in ils pupils a keen awareness of the socaal context wrthin vthich they aThJ Schcrf)l exk%L All ftjndraising actiwty across Trust ¢tinUeS to in an open and trwarent faShTr Vith the clear objective of being respectfvl. reswnsible. armj ao>)untat4e so that Fthb"31 and exi$b"n9 SUP[er$ have complete confidence in their givin9 to the TrusL There 7we no comF4aints tl¥e by the TF[ durin9 the reporting period ats4)ut its fundraising pradices. The School distributed funds for other charrlies totauiry £5.755. 12024.. £9.7601 duriry the year. Our chosen arities this a¢•demic **re E¥elino Chaiity and Coram Readirw. Chipdren enjoyed kaming about the aims of ¢he tharity whith they wer¢ helping ¥ryl rws¢d funds through a rare of extiting acbvitre5'. Charity 20251£) Evelina Charity Frierth of the Earth Summer Coram Reading 1.450 ContributwJn to St Gewges Ftoswtsl Furwhiser Omnibus Thèatr• Spring Total 4755 Donations via online Plalfon Evelina Chanty Friends of the Earth sUmr 758 Total
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Community R•lationship5 In the lo¢al wider community. the Deputy Head, &¥temal Relans. is Chair of the Goveming Body at Larkhall Primary Sthool and the Assistant Head. AcalwThc. serves on the Governin9 Boty of a lo¢al maintsined primary s(ool. The Schod supported Trinty Fiehjs Twst (Charty M. 1(60813) in its wotialiorts wth Sir Waster St. John's Education Charity to nttgotiale a new Itase and cthinue5 tts support the Trust wa partiapatK)n in an annual rental agreement lo use bts ¥y&n9 fields. The ino)me generated by thi5 a9Ment is suffiryent to ensure Ihat the TnJst's normal operab.ng csts art Substant rTt year on year enablirrfj the Trust to tsjild a more broadly based outreach programme for thildren and youry persons under the e of 25 year5 vtho are resident in the London Boroughs of ndSarth and Lambeth. It is hoped that there may be the OFvwiunrty to develop the flds furtyw in the fijture and improve the facilitie5. Ajthough no definitive agement has been reached, Homsby House has agreed in prtnciple that they will ¢ontributè ¢p ¢0 £250,000 to the first phase of the de¥ek)l contribtslions of £500,000 exh from the TN$t and another Focal school. Every year the Sd holds a HaprfesE Festiva Celebrknn in which pilS bring in foo(1 don?IKns for Spires. South London tharity supporting, homtth arrtl vulntraNy housed people in tsjr ¢¥mmunit$ and staff are enc4Juraged to make a Seryet Sanla dorTrakn to SLWQrt the tharty at Chri5trnas. The Eco Committee is wkin9 1th ktsl 0)Mmty wp Beaubfy Balham to maintsin a triangular urban garden ck>se to Homsby House. Flnanclal r•vl•w The Chantys powers of 1rwe$tnt 80 goverrd by the TTUSt AL 2000. The Board continue5 to keèp under review the investment ri5k$ and rewards in Ihe ojrrent slale of the market wvl its poly is to put short-lerm cash balar on bank deposit. The TnJstees have assessed the major risks to thidTr the is exsThed and are 1Sfied that wtems ao in place to mitigate exposure to the rnar iisks. The Govemors have maintained their cornmitmenl to the improveThnt of the Schoovs infrastructure and rètaining a minimum of reser¥es to ensure adew fnarnial abilIty aNI the means io meet its ChariLe obj8cbve for the foreseeable future.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Tht Board has a duty to id¢nbfy and revw Ihe risks to Charty is ex3 and to ensure appropr controls are in place lo provth re050nable assurance against fraj and errc. Board monitors the Schoofs aovibes on a LX)ntinuous basi¥, Pa.lartY wilh reg¥d ta major risks that might ¢on¢eivably arise as identified in the Schoofs Risk Management Polw document. a5 as the Systems and procedu$ estsblisfrd to manage them. The Board also monitors the effeCte of internal control pr¢xesses and other issues. induding insuranr ts)¥er lhthere appropriate. by those risks can best be mitigated. A formal review of risk mar0gWt prwM5es is undertaken by the Bowd on an anThl basis. The Govemors have idenlthed the frJlty4irrfJ risks to whith the School is curty exposed: Govemance. induding compliarKe v•ith appkable regulati arKI legiskb.on SafeguardirwJ of pu$ Financial control Disaster plarsniro Loss of rewtstlon Health and safety Refyuitment and fetention of qualrty staff Pditi¢al po$ibon of ind¥p¢rtdent s¢hooLs To nMligat• these ri$k$, the Board has in place key eorbtrols. ForTrl nthaniwns for oper•bon offv GrnI Btsty Safegu•rding and vettry wDrres as required fi)r th• protection of children and l1wab adults RegLdar offorn poli¢i¥s ar•J wwdures Comprehenswe $trategic planniry. budgebry and acts)untirwJ prd¢S Risk asse53Trents fty irHlivi(kl actiwljes arKI artnwnts Financi and l •JvKe. taken as required The current financyal aTrJ polit1 dim has raised a of issues that ttE Govemtys a monitoring. The introduction of VAT on tuition fees and the ithdravrdl of business Trte$ relief for independent sthDol¥ are pJtential risks. ACkTredging the challenges associated with the cost of Trs rnembership. the Sthool ¢10sed membership of the TPS for n8w members of staff. This cxme into effect on 1st September 2023. The School also eoncluded a fomial consultatron teaching slaff to limit the errployer contribut¢'on to 23.68%, with any futurè contribution rate rises being mèt by the Mee. The pressures of inftatpjn on the eujnomy and impact on salaries and eosts has also been rnnrtored and bLtyted for. The Governors conb.nue to work towards Solulions and to finan¢iaWy mitigate aThJ 8ft forthese impa¢ts ¥¥hile beirwj mindftd of finanual pressures on pare1. The Board is tsjnstanty strivbng to enharKe ar develop the SL1 and its links fjth the local ujmmunty and ¢onlinLWS 115 robust oversight ol tre s¢hool. Evduabon armj improvements to goveman(¥3 aTE Part of the $¢hoofs strategic F4an. The School has a lotern rental agreement *qth a I1 sPts dub Battersea Ironsides. As part of the agreement, the Schod funded a 4G Astroturf on the site aThJ the iMprovemt of the netball courts. This agreèment secured highqualty sports faty"Itts"es for existing arml ftrture generatws of Homsby Fh)use pupils. and the IrKal mMUn and ensurtt that both the SdK>ol and thè Club can ctmb.nue lo pro¥th ex¢eUent te1n9 and promote an indus1 sportiry ojmrnunty for thildren and adums. The Sthool rLsntinues to Thest slgnrfanty in •nsuriThJ that the IT irrfrastnjc1e r& robust hardvAre ueate8 the enabling leing environment needed lo equip our for a fastrtharywwj ted10911 THorfd.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Environmentsl responsibi Homsby House rec£Jgnise that environmental nsIblty i8 an important aspect of running a successthJl bng- terni busirss and the ojmrnilrnnt to Sustainalty ts fundamenlal lo our edLLalional èthos. Th8 Emronmental and Sustainabilty Poliw forms part of DevelDwnent Plan and ill te regLdèrfy Viewed and amended a¢¢ording to the changing nabJwB of our operations. The SdKol uses rtS¢)UffS SLh as the Schools Action Glimate Artion Plannef to help idenffji aLton5 Ihey take to reduce the enwwnrTEntal rmwa and monitor proJre5S towards obie¢ve of redwrwj our footprinL Since 2017 Homsby House has sourced 100% of its dec from renewae )$. In February 2022 the Sdwl installed a 25kW solar PV systern on one buihrvJ and wl consKl8r fvrth•r installations of solar PV an other buildir¥Js on the site rfthe roots have a Suitab uientathjn. There is a rolling prograrbvne to replxe wr lthting and we have upad approximatety 70% of lights'ng to LED. ir¢stalled motitin sensor loht swtches to ensure lights are not ft on in rc4Jm5. Sensor tsp$ h¥ve been bnstalled in washroom$ to 1cwIlf?ste. The original s¢hool building way bufft tsr¢a 1W)5 and is c¢nstruthd of TrySkIn bric work, vAth high ceilings and singlglazing. vthich are drfficJJlt to heat in inter arKI mairtsin an ambient temperature in the SUIrnr. The levd of roof space ingjation is unkrKyhm lyjt aSSwd to be 1¢h less than the standard recommendation. Future velOpMent The School has c4Jmmencd the pld extensi(m of the Main s¢ BU1J1n9 to into the space created by the remov of the temporary Portakabin XCOMndati0n. Rotatiro the hal 90 degrees. v•ill increase the slle of t auditorium by approximatety 50%. The project will fouls on sustainablty. both In tenns of how the proiect is built and for the wder life cyde a opeiations of the Sc1Kl. The existing tyilding V+il be the subjed of extensive relurbishmenl. This wll indL& thè instamath.on of a new rre efficient healing system combining air souree heat pumps and solar pane15. imprown9 insulatsn, and replaang Vlindows. intemal and extemal doors on the ground ftoor. This project is now in progre55. The r$1 Si9nifKant deveiownt is thè construction of the mc¥aular d¥$$room block at Chestnut Grove h¥$ altsd us to lOCate from main t1119 for the duration of the Project. D4ver4ity •nd inclusion Al Homsby House we believe t11 embrJcnwJ dNer5ty wrwj l)ulding indLtyon inlo everylhing do is key to our syccess as a school and helps u5 connect the oynmLmrtE5 we ser¥e. The S¢hool str.tves to make progress year on year and in September 2021 la¢ed our Dr¥er5ty arhd Induyon Development Plan to run alongside our Outreach programme. The aim is to develop piactieal sdutions to athlress idenbfied dpMsty and indusion issue5 and cr•ate an environment IA vknith ¢%ltural divernty and individual thFerences are posibvety vald wih'n the Homsby Community and to embed in all aspects ol school Me. continue to expaThJ our oUrCeS wrthin the cUrM and ac¥oss the sch1 to enhan representstion. The art department implemented a s¢h0oJ-.dÈ projed inspirtd by the 7Aorks of artists Veronica Ryan and Rachel Jones. Henlage displays were established in dasslvoms. an(1 the mw¢ department r¢wsed its $¢hemes of work lo incorporate inspiring rrAisic from dTrveTre tr•Jibon5. We have developed a strorrfj relatKJnship th Paratympian Blaine Hunt. we sponsored through various fvndraising events invofvirvJ the children. Blaine had an impre55Ne summer. retainiryj hi3 worfd trtle in the C5 1km tsme tn'al in R) d• Janeiro and competsng in Ims firnt Paralynyc¥ and winning a sifver medal in Parls. He wil be visitirrfJ the schod in the new aeademic year for a Q&A sessvjn ith the stu(knts and to share insights abtsLrt his joyrnay. his expell"en$ in Paris, and the inwsed wnitM)n he has received sinr his achievement. The Govemor5 acknowleth3e that Black a UrthpreSente in ts edLKion sector and will eJJnlinue to review the recwurtrnent process to ftMYJS on Inc519 the rnial diversty of tre Govèming Bo¢¥ and within the School. The Homsby House Sthool parent D&1 committee conlinue to rrEet regularly. lo discus5 the progress we are making, and we Inrpore ideas from their expertise at SdoIS or rythin industy to underpin OUT Strategy. as we move forward with OUT P)UnW.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUOING DIRECTORS. REPORT AND STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Stru¢tur• gov•mane• and management The School is govemed by the proviSnS of the Afiics of Asso¢yèkn arKI Constitu a trted Company. limited by guarantee. as defined by the CompaniesAct 2006. Tho word"Limite(r is omitted by kence ofthe Departrnent ofTrade & lThknsty. The Trustees. who are aso the Directors fi)r the puryxw of(¥Jrryany law. seryed during the year 1•.. C Adridge H Davies N Newman A Brown A Skinnard D Smrth E N¥w)$u S Tanna C Richardson IRe5yrRd 4 June 2025) {Re5yd 31 ALgUSt 2025) (Appuint¢d 1 September 20251 Govemors are elected at a meeting ot the Board of Govemors on the basi5 of rKThInal re¢eived from the Govemors that meet the Boards critewia conceming eligibilty. tyjmpetence, spec41$1 skill$. experiertt and residence in proximity to the Sth¢)oi. Go¥emors recognbse t1 • dNerse Board 15 Ire likety to ntain broader range of knowledge. skiljs and experienc than one whic 15 more naffo based. The Boawd contnues to focus on increasing the diversty of the Goveming Body. Govemors serve for a tem) of three years and ¥e ehgit4e to stand for rtrel&on. TIMS may be exterlded to retain experienc frr a period of time. at the rfisryetion of and subject lo any ()dn$ imposed by the Board of Govemors. In ¥¢cOrd¥n the provision of Cjaw 36 of the Articjes ofAsso¢ithn. the following Govemors 1$ due to reli by rotat". Mandy Brown CorinneAtdridge Sam¢erTan¥er Enyi N¥Ys Three Governors have been in office for longer than the nirE (three times three) yews reg)mmended by Lord Hodgson's review of the Charrt5 Act 21. Transitic¥ arrangerrwts are teing put in place to attend lo this matter. New Govemors are indu¢ted into the tykinys of Fknrrth H(AMe as a sdthl and also a Registered Charity. including its Boar(l.policy and wocedure5. yoz$s. The ilUc0n pack provi(led lo (&wemors includes a number ol Scthool dor)Jnents ar Fdiraes lUdIng. Guidelines for govern-AGBIS Srx insights for InJst8es- Charits CoThrfTWS Keepin9 chd Safr in Educati Paper¥ in respert ofthe most rectt Go¥wning Bo¢ty Meeting School devdotmnent pkn As part of continuous professional deveh)pwiL 1ndmdl C>Mmo¥s regulaty atteTrJ laiiored seminars in key aspects of school go¥eman( and managewrwt by AGBIS (Asswalion of Govemirg Bodies of Independent s151. IAPS Ilndependent AsswJb"on of PrepwatNy armj ISBA (Independent S(ool¥ BU3. Association) or other approprtate organisiL)ns. 10-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Oryanisatlonal management The Board meets at least three b'ws a year to determine th& gerwal polKy of the Chanty revtew its overall management #nd c4rthl. for whi¢h it 1$ tegalty 5)n9bt¢. The of implementirvj most of the Board's Fdicies is rarried at ITre m&t"n9s v#En budgets and annual acojunts and reports are a150 reviewed. The Chair and Head meet on a termty basis, the designated sJfeguarding Govemor regulaty rneets with the Designated Safeguarding Lead and the FInar (>)¥emor meets with the Bursar prKJr to the Govemors. meeting. All Govemors are encour to visit the Schod to obseThe kssons and rrwt staff on a regular basis. The day-ttrday ruMirvJ of the School is delegated to the Head and BUar. supported by olher teachir¥J members of the Senior Leadership Team C£mprising the Deputy Head {Pastorall, Deputy Head {Extem•l Relation51. and Deputy Head (Academic). Management stnKtures have been dthloped lo provid• regular forums for the dixussion of a¢ademt. PaStor¥l and finanoal matters. Stsff remuneratth 1$ revièwed by the Board at the Sprir¥J T•rm b1get meth"rKJ vrtth thè polw obièdive of providing appropriate incentrS to encourage enharwl prforffAnc£ and of rwdrding. faity and rèsponsibly, individual contribuDorTrs lo the Sthod's sue$S. In agreeing remuneration th15, referen 13 made to comparisons with other independent schools and other benchmwking data to ensure the S(wJl remains sensitive to the broader iSsS of pay and employment coThJitMJns etsevhhere. Oryani5ational Stru¢Tr and rnlationsthip¥ Homsby House School is an a¢bve member of the Irvkperdent As$¥"0n of Preparatory Sthools {IAPS} vthose role 13 the proT¥YJlion and maintenance of in preparntory SCI1$. Homsby House also takes part in IAPS peer group Stud for evaluation of qualty and perfomathmprovement methods. The School also subscribes to a number of other organisations relatin9 10 indepe[nI schools. educab"on. Homsby House beneffts from the gerwosity of a thrilfjng Pawts. As51Kiation {the HHS PTA) 5UPWrts the School's vibrant. happy community by organising numerous funthai5ing and soual events for parents, teachers and puwl$, such a$ a Christmas klwket. Quiz Supw arrfl Summer Fet•. Th•ir close support 15 gladty acnovledged •nd apprec&ated. Employee involvement The sc01 supports an stsff by investirvj in trairriry, ar diw5ity ¥KI IrlUsion. An annual confidenlial staff survey helps measure and monrtor progre and enables Hom5by House lo fo¢us on the tangible and praclical acn5 can take to yjpport a le 5(x4 approath to mental health ar wellbeing. All staff have ac£ess to a free arKI confidential, EMoYee AssistarKe Prcgramme IEAP) from Education Support Partnership IESPI. a Charity that wo¥rdes empbyee support services for anyone working in education. All $laff are erKJ)urng¢d to be in¥Ved in scool events. Teathers are also expected to play an important role in the SthTrJ's c¥)mmunty lrfe by becorr4rg assorjated onè of the six HThtses fjthin the Sdcl, planning arKI taking part in evenis SLKh as ethjckn.onal tr"p$ [inthth"ng rnsidential tiips when appropriate), assemblies and other more informal social events. Information of matters of rJJKem to eMpkny is gr¥en Ihrryoh weekty staff maetings wtKh seek to achieve a C4Jmmon awareness on part of all ernplo of ttbe socie¢0miC and finan¢tal f>Xors affecting the School's perfornwce. At 31 August 2025, the School ernOyed a total of 76. ffTE 71), teathers and assislant tsadNng slaff and 14, (FTE 121. support staff. 11
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Statement of Tntres. responsibiliti•s The trustees, who are a150 direcor5 of Hwse Tntst for the purposes of compar)y law, are responsible for preparing the Tru5te¢$' Annual Report, irKluding the Stratwc Report, and the finanaal ststements in accordance with appl11 Unrted "ngdoM Aunts"n9 StstyJ¥ds (Uruled lthngdom Generally Accepted Accrxsnting Practice). Company law requir•s the trustees to prepwe firla1 statenErts fty eac finanoal yw, whid) give a true and fair view of the statè of affaits of the tharitsble company and of tt incoming re50urcès and application of resources, induding th• incfjrne and expendrt. af the clwrtth company for that period. In preparing these finanoal ststements. the trustees are reryired to: . 8eled SLMtable accountry wlicies and ttEn apFty wis•". obseNe the methods and principles in the chorib.es SORP 2015 (FRS 102).. makejudgements and ests"mates th are reasonabk arrfl pnmlent.. . state whether applicable UK Ac£ounting Standards b¥en folky&ed. subje¢l to any material departure$ dischJ¥ed and explained in the financial stateffEnts: prepare the finarrial stslements on the going OYKem b¥sis Lmk$5 it is irrvoWe to presume that th• tharitsble company Thill conb.nue in Operan. The Iruslees are reSponsie for keewng •Jequate accounting r¢tJwds that disc1 reasonable accuracy at any time the finanrial position of Chantab company and enabltr them to ensuts that the ffinanryal ststÈm•nts rAynpty with the Companies Act 2006. They are a150 responsible lor safeguarding the assets of the chaTrtable company and hence fortaking reasonable steps forthe pre¥Ent aryj detection of fraud and other irregularTties. Audltor The auditor, Ward LIted. is deeryd to be reaFPDinted uThJer seLlion 487(2) ofthe Companie5kt 201X. The Trustees, report, U1ft9 the strategi¢ Trpryt was apwo¥ed by the Board ofTntstees. C Aldrfdge Trustee Da¢ed'. 12-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HORNSBY HOUSE EDUCATIONAL TRUST Oplnion have audiled the fin¥n¢ial StatenIS of Hom5by House Educational Trust (the 'School? for ihe year ended 31 August 2025 which o)mpris8 the statemnt of finarrial aclivths. thè statement of financial posibon, the statement of cash flows aThJ the notes to the finar1 ststeff. irKludiry a surwThary of svjnfftant aCUnting policies. The ffinan¢ial wportiryj frame%KJrk that has teen applFed in their prpparabon is appIlble law and United Kingdom Attountirtg Standards. induding FinarKaal Reporb"ng Standard 102 The Financttal Reporting Standard applKable in the UK and Repuohc ol I18nd (Urmted Kingdom GeallyNpted Aco)urrtry Prxbce). In our opinion. the finarrAal ststements.. give a InE and fair view of the state of ts dritable cornpanY5 affairs a5 ¥t 31 August 2025 and of its incoThung resources and applution of resources. for ts yearthen eThJed" have been propety prepwed arxAxdarKe with Unrted lfjngdml Genefalty Ac<pbJ Aco)unting Practice; and have been wepared in •c¢or(larL with Il requIrrts ofthe Ccfftple$ A¢t 2006. Basls for oplnlon conducled our autjrt in a(rdan ith lrhtemab.onal Stsrthrds on A[j.j IUKI {ISAs IUIQ) and apph'cable law. Our responsibil"e$ under those standards are ftjrther described in the Audilofs msponlifveS for the audit of Ihe accounts 5ecbon of our report. are indendent of the School in accoTdarce wrth the ethical requirements that are relevant lo our audit of the accounts in the UK. iluding the FRC'S Ethio31 Standard, and have fulfilled our other ethical responsibilitS in accordance these requ1rerrnts. We bebieve Ihal the audit evidence we have oblained is suffiaent approwiate to a basis for our OF¥ThOn. C{¢1510n$ rnlating to going concern In auditing the financAal slatements. have othded that the tnthes. of Ihe going c(Jncem basss of counting in the Pfeparation of the finarKsal statements is apwopriate. Bas¢d on the WO have performed. have not #lentified any rfthial uncertainti¢s rnktr'ng to vents or condrtw$ Ih•l, individualty or collectivety. may cast ygnrfKant doubt on the Sehools's abilty lo conbnue a$ a going concem for a period of at least E1Ve fTh)nths from when tt fi[1 Statements are authorised for issue. Our responsibdities arKI the responsthlrfies of thè Irustees with respect to o)Miy ¢4)n¢em are desuibed in the revant sections of this report. Oth•r Inforniatlon The trustees are spOnsIb[e for tre other Infornn. Tr (thr inlormèkn c¥)mprise8 the intsmation induded in the trustees. annual re[. other than the financial Statennts and our awjilorfs report therecm. Our opinion on the financial statements does not wer the other information and. expt to the extent ottr¥iSe explicttty stated in our In conne¢l)n wi¢h our 3rt of finanoal $tsterTS. our responsibilty is to read the other infomotion and, in doing so. ¢4)n$ider whether Ihe other inforrrthon is meriaNy ir#))nsistent with the financial ststwnenl$ OT our knowledge obtained in the audrt or otheTh4ise appear5 to be matenalty misstated. If we idenb.fy such material inconsistencAes or apparent material nwsstatements, are required to determine vthether Ihere 1$ ¥ material misstaleffnt in the financial slatements or a material rrossLilement of the other infomion. If. based on Ihe work we have Ferf0Ml. VR r#)n¢k#e th* there is a nwterial Sstate olthJ"s other inftymation. we are required to report that faca. have nothing to report this regartl. 13-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE INDEPENOENT AUOITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HORNSBY HOUSE EDUCATIONAL TRUST attorn on which vm are required to r• by exception We have nothing to rer#)rt in respeo ot folowiry matters in relation to vttlith the cheS (Accounts and Reports) Regulation5 2008 require us to feport lo you rf, in our ow"nion." the information gwen in the fina $tatsnnts is incnSistet w) any material respect Vilh the Trustees. report,. or Suff"ent account9 re(yJrd$ have Thjt kept or thè finantixl ststernents are Mt in agreement the aOnI1 r)th.. or w• have not rfjc4ived all the infonr4b.on and explanth. ns require ow wJJit. Responsibilities of Trustees AS explairW MO fully in tha truste8$' responsbilibes statement set out on page 12. the trustees are responsible for the preparation ol finanual 5tstsments give a tr and fair wew, and kn such intemal control as the trustees detsrnine is neSsary lo tnable the prepat of financial staterrents that are free from material misstatement, Ythether due lo tra or error. In pfeparing the ffinaN> 5talemers. the tnlee3 are reswrty.blts for assessiNJ the group's and parent charty's abilty to continue as a g(Mng cy)nrn. disthsirrfJ. as applicabte. matteB lated to wing o)ncem and usin9 the golng concem basis of aco)unting unkss the trustees either intend tts Iuld#te the tharilable company or lo cease operations, or have IKJ reaistic altemabvè bLrt to do so. 1-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HORNSBY HOUSE EDUCATIONAL TRUST Audittts rtspon•lbllltl• for the autht of thè fin•ncl•l 8l•tw have been appointed as under sedton 144 of the Ch¥the$ Ad 2011 arthl report in aox¥dance with the Act and relevant regulation$ made or hawng effect trveunder. OUT obiecbves are to obtain reasonab aSSUrae about the financyal statements as a ole are free from material misstatemenl. whether due to or erroT. and to issue an art0S report that IrUde$ our opinion. Reasonable assurance is a huh level of assurartt. but is a guarantee that an aLJil rlUded in ¥¢¢vdHnce with ISAS (UK) aws detecl a material mtsstatement it exists. Misstatements can arise from fraud or error and are considered matewid it. inrfmduaty or in thè tygr•9atè. c4xdd reasonabty be expe¢ted to influence the eo)nomi¢ decisions of LWS laken on fv basis of these firt4131 slmnts. Irregularth"es, In17ng fraud, are inStsn$ of noTrcO81e wth law5 armj rtgulèbons. We design procethjres in line with our responsibilth"es, oudined above, to detect matertal misstatements in respect of irregulants'es, induding fraud. The extent to thich our are eapabbe of deteclirvj iwlarities. indJIng frau¢J, is detsiled below. . obtalned an underth¢hg of the kgal and WLAètory fwnewk$ applicable to the charity and the Sector in whith Ihey operate. We detemiined Ihat fDMowing vMe most slgnrf4nl. the Companies Act 2006, the CttarthesAct 2011. We obtained an understarwjing of how the charity are comptying Tth thosè legal and re9ulatory frameworks by making inquiiies to the management of the charity. c(ffrotmted our inquiries throuyh our ofC4)rrespOrK1e during our audit . a$sesse(l thtr suscepb"bilty of the charitys financi4 statements to malerial mi85tatemenl. irKluding fraud rnight 0¢r. Audrt wc¢edures perrorrrd induded.. . identifyiry and asSery the ellectpRness of c%xtrols management ha8 in pe to prevent and detect fraud: understanding how those charged ith governanc considered and addressed the potential for override of controls or other inappropriate infiuence over the finartcial reporting process.. ChlengIng assumption$ and j•ments made by management in its sWJtifKant a¢¢¥unting estsmates.. . identifying #rnl teslifty Jawna Èrkns, in partlar aThJ entries posted unusual anI ¢omtsnation$", and assessing the ex1•nt of ¢¢rlI tfvhth trt relevant law& and rtgulètions. Because of the inherent limitations of an audiL there is a risk that Y ill not detect all irregularities, including those leading to a Materi misstatement in the financaal statements or rmp1vanCe with regulation. This risk increases the more that cxjmpliance Vith a law or regulation is removed from the events and transactions rellected in the finanaal statements, a$ we iM bè less likety to becow aware of Instan of non<J)mplian¢¢. The risk is also greater regarding iTh¢gulanlies OrMr0 to fra rather than ermr. as fraud inVoe$ intentsonal nctslment. forgery. cdluson. ornissth (Y misrepresentalw)n. A frjrther de5c¥ipb"on of our Tespowbdities for audrf of the finarwl Statements Is located on the FinancAal Reporting CouncAI's website at: httpJhM•h¥.frc.C¥g.uklauditoisrewbitses. This description fornis part of our auditorfs report. 15-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HORNSBY HOUSE EDUCATIONAL TRUST Use of our report This report is made solely to the Chaws Twstee5. a5 a ljody, in ac£ordan¢e wlh section 144 of the Charities Act 2011 and regulatsons made under sectron 154 of that Act. Our audit has been undertaken so that we might state to the ¢harity's Trustees those matters vft are wuired to st to them in an audrtorn, report and for no other purpose. To the fvllest extent permthd by law, * do not wpt or assume resFonsibility to anyone other than the charity a1 its Truslees a5 a body, ft>r ow 8Jrt Iwrk, forthis rep>( or for the opin$ we have forned. Colin Hamilton Isenior StatsJtory Auditor) for and on b•h•lf OlWa l1•M5 Limll•d Chartered Accountants ststutory Audlttsr BeLa¥e House 3943 Monument Hli I Vbridge Surrey I13 8RN rd Wlliams Limiled is eli9itAe for appoirrtff*nt as •itOr of the Srtwl by Virt of its ekyitslty for app)intt a$ auditor ofa compaw undef of seth.on 1212 of the CompanwA¢l 20C 16-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 mt and •ndowments Donations and legacies Charitable actNitS Imie5tsnents Other inc¢rne 14.854 15.858 9.282.939 ..9,02D,219 212,592 14,675 17,158 Totsl Income 9.703.103 9.263.344 Ex nditurn on: Charitable aciNities 8.895.724 8.181,069 N•t Incom• for th• yearl Not mov•m•nt in fund5 807.379 1.082.275 Fund balanctt at 1 Septwnber 2024 12,879,844 11,797,569 Fund balances at 31 August 2026 13.687.223 12.879.844 The statemerrt Offinalar wvibes Ijude$ am losses rwised in the year. Al income and expendre dw• from ts)nlini#tYJ acbviljes. The ststemènt of financial athibes also comFI 7Ath thè rèquirutnts for IrMe and expenditure account under the Cunpon5 Ac 20(. 17-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION ASAT31AUGUST2025 2025 2024 Flxod auets Property, plant and ewipment Current assets DEbtor5 l¥llirtg due alter om year Debtors falliNJ dLte"%irythin one ye¥ Cash at bank and in haTh 11 9.082,692 8.183.329 13 13 173.0 558.292 6.199.223 188.orKJ 219,221 9,302.528 6.930.515 11,151.2291 9.709,749 (3.829,9631 Currènt Ilablllil•s 14 Net rrent assets 5.7T9.286 5.879.786 Totsl assets less current liabilities 14.861.978 14,063.115 Non4urr¢nt Il•blUtI•s 1S {1.174.755) {1.183.2711 N•t as•ts 13,687.223 12.879.844 In¢on lunds Unrestricted funds 13.687.223 12.879,844 13,687.223 12.879.844 The finwcial statettwts were apwoved Lry the Tfu5tees ¢)n ........ .... ........... C Aldrvjge Trusts¢ A Brown T1¢• 4Mnpany Registration No. 2270044 18-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 202S 2024 Cash flows from opgr•tlng actl¥ltl•s Cash (absorbed byygenerated from operations (1.733,17n 4,629.851 Invosting xllvliles Purchase of propety. plant and eqLlinI Proceeds on thsposal of property, an1 arml equipment Interest received (1.771.693) (2,424.1341 13.413 388.152 212.592 N•t¢ash in invest9 a¢ti¥itl•s (1.370,127) (2.211,542) Not cash 4wed kn financing aclivitie Net Id¢rrna$ellincre48e in cjsh rash ¢quiv•lonts (3,103,304) 2,418.309 Cash and ¢ash equr¥alents at twinning of year 9,302.528 6,884.218 Cash and cash ¢qulvakThts al end ofyear 6.199.223 9.302,528 19-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Crity inform•ti¢)n Homsby House Education TNst 1$ • te ctmnparry limiled by guarantee incorporated in England and 1.1 Aecountlng convèntlon The accounts have been prepared in acc4rdance wlh the S¢Y>ofs gtiveming d0Ment. the Companies Act 2006 and "A¢wJnting arrfl Reporbro by Charitw.. statennt of Rec>)mmended PTacticE applicable to Charities preparing their acJ>)unts in ¥xtydèrK th the Financi Repoiting Standard applicabte in the UK and Repu1¢ of Ireland IFRS 1021. las amended lor ac¢4yntiThJ period$ c<rnen¢ing from 1 January 20161. The sth0 is a Pubk 8enefft Entty as defned by FRS 102. The finanaal statements are ppad in sterting. is the furthThl vJtrey of the School. Monetsry aftUnts in these fina101 Strnts ¥e munded to the nearest L The aOuntS have tjeen pPared under the hi8toral c¢st n¥entrOn. modrfwl to indLKle cwtaln financial instwments at fair value. The principal accotij pdKaes aL&)pted are set ¢)ut bebw. 1.2 Going ¢on¢•rn At the time of approvirvj the acc4Junts, the TnJstee5 have a reasonable expe¢l¥b"on tr1 the Sd)ool has adequate resoLtrces to continue in operational existen(% for the foreseeable fvlure. Thus. the Trustees c¢nts'nu to •Jopt going ¢¢ncem t4sty ¢fa(¥)rItry in preparing the aco)wts. ++ 1J Charilabl• funds Unrestricted funds are available for use at the thsu¢tion of the Twsl••s in furtlrnnce of Ilir ¢&wtsblo objectives. unless the fvnds have been designated fw other purpose5. 1A Incoming resouvces Income is recognised when the Sch1 is entitled lo it after Y Ferfomwnce 0)nditn$ have been met, the alnIS can be measured relFal. and it is fvble th incorn b¥ rcNed. Cash tr)nations are recognised on receipt Other dOrt)n$ are recognised orKe the School has been notified of the donation, perfofftwre conditsons req detprral of the amount Inu)rr tsx rermerable in relation to donations receNed Lwider GfftAid or deeds of covenant 15 re(y)gni5ed at b'me of the donation. Legacies are recognised on recapt or otheiSe rf ts sdK ha5 been ntilified ol an impending distribulh)n, the amount is known. and receipt is expected. If the amount is not known. the legacy 15 treated as a o)nlingent asseL Interest on furKt¥ Wd on depo%'t is Inc¥led 7hen rts1& and Ihe amount Can rreasured reliably by the Sthool. Income is measured at the Pair value of the considernb.on re¢eNed or rec*ivable arKI represents gross fees votced minus credit notes raised. Fees are dbafged in the pericrfl the tuition is provided. Fees invoiced in an¢e of the education to be provKled a within credilots as Yees in ath¥ar.. -20-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounkng policies IContiDu•d) 1.$ Resources oxp•nded Resources eypended are indd in Statement of Financial A(viiie5 on an bask%. School opernting ¢#)sts are included in tharilable acbvities. Other costs indude genèral SCI costs. Govem¥nc costs irdude those $ts incurred in the gomce of the Sthtrjl aThJ are prnTrarity associated th constitulitinal and statutory requirenwts. 1.6 Prop•tyi plant and equlpmenl Property. plant and equipment are initdty ffeasured * c¢sL rt of dewecmbon and •ny in4)aim)ent losses. Depreciation is recognised so as to wite off the c05t or Valualm of assets less their residual values over their usefijl lives on follwng base$.' Freehold buildings Ill freehold impr¢Jvernents Fixlures and fftb'ngs Computers 4% pw aTrnn on stratght line basis 10 10 20% per annum on straight line basis 20% per annum straight line ba$is 33% per annum on strat9ht line basis Freehcld land and assets in the course of constrLKknn are Thjt depreclated. The g¥in ty h)ss arisin9 on the diswsal an asset is detemined a$ the difference been the sale eed3 Wld the carryiry value ol a&seL recx)wsed in net ine1{eX['tUreI for the year. The difference betrween the carrying value of freehold lar and buiklings and the market value has [t quanb"fied. The Governors con5Kler that obtsining a (rrent valuabon would incur significant costs which would be ¢)nerous and incon%5tent the benefft vlhith might be gained by th¢ users of accounts. Finarte ¢osts h•¥e not been talIsed but expered when lrred. 1.7 Impalrni•nt of non<urr•nt aa•ts At each reportirmj end date. the School revitr the carrying of its tangible assets to detemin& whether the is any indication that those assets have $Lfftred an iffyaim)ent loss. If ary SLth irtdi¢ation fjxists. the recoverable amount of the asset is eslimated in order to dètermine the ¢xlenl of the impaimient los$ {rf or)y). Liabilbtses are Cognised initialty at historKal cost aNI $ubseqLw measured at the best estimate of the OLmt required to settle the oblyatioft at the period end date. Amy wovision or liabilty Ithich Vill setue over 5Èra1 years be Jjjusted to refflect its fedueed value in lod¥s temis. vknre material. 1A Cash and cash equlvalents Cash and ¢ash equivalents indLKle ch in.h¥ttl. deposits at ¢al Ihilh bank5, other $hort-tmi liquid investments witr original mattjnties of three or le55, WKI b• o¥trafts. Bank overdrnfts are shown bvithin borrowings in rrent hatmlities. 21
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ourlg pollclos (Continued) 1.9 Fin•n¢i•l Instruments The Sthwl has eleded to appty the pwMon$ of Sedwy) 11 'Basic Finanoal Instruments. aTrJ Section 12 'other Financial Instruments IssLW' of FRS 102 to all of its finanul instnThnt& Financial instruments are re(x)gnised n the S&1.$ bakne sheet the Schoc4 beC41r paty to the contractual pmwsions of the InStrunt. Finanual assets and ha1tIeS afe offset, ith nel amounts Presented wi finaw•l statements, vthen there is a legally errforrable rsght tr) set off the recognised and there is an intention to settle on net tM's or to realise asset aTrJ 8etlJe tr hability Baslc financial assets Basi¢ financial a55ets. vthi¢h indude trade aThJ other rwivables ar¥J ¢xh and bank baFances. a inthal measurèd at tran5ath.on pric induding transaclion $ts arwj are subwuefttty Caled at amortised cost using thè effectsve trtlerest mtthod unles$ the arrarymnt conststutes a finanaTrJ transacon, where the tr¥nsath"on is measured at the present value of the fiAuTE rEpts dK5counted at a market rate of interest Financial assets das8ifie(l as receNable wilh"En ¢nè year we rot knxbsed. Baslc financial liablllues 8a$ financial liabilrtie$. inthdirq tr•Je and other payablas and bank knans are initially regnised at tr¥ns•¢tion price unless Ihe arrangement nSlituteg • fin•Thing transion. vthere the debt instrument is measurèd at the present vatue of the future payrnents dists)unted at a market rate ol int•rest. Financial liabilib"e5 dassified as payable Mthin one year aft not arTr)rli%d. Debt instruments are subseqL• rried at anb)rti8ed ¢J)s( thè effELve interest rate th0. Trade payables are obllgations to pay for gochjs or ser¥eS that have been a)wred in the ordinary cOUe of operations from suppliers. Arnunts payable we dassified a5 current Iwbilitte5 fft payment 1$ due Tr•thin o year or s. If not, they are presented as nOrcUrrent liabilities. Tr•Je payab5 are rec(Bnised inib.aly at tranSaCtn price and subsequenty measured at"amortised cost Using the effective inlere5t method. Der•eognlllon olllnanelal liabAlldes FInarla1 liabilrties are derecognksed wthen Ihe sdl's oxractual oblwions expwe or are discharged or canceld. 1.10 TaxatloTh Value added tax The School 1$ registered for Value Added Tax (VAT). IAIth effect from 1 January 2025. OutPLrt VAT is dHrged on taxable supple$ and is exd(e from incxjme in tr Statement of Firian>al Acviti&s and 1$ pay4e to HM Revenue & Customs. Input VAT re(y)verdble on laxable sUppe5 15 exduded from experKlilure arKI reDJgllised ¥s a debtor until recovered. Irrecoverabl• VAT, indling VAT to exempt or nortrbusiness actm1. is Ind vrithin the relevant expendrture ¢eyory in the Statenwrtaf Finanoal Aththties. VAT balon¢es recoverable or payable at the ye eTKI are 1ryjed Vlrylhin debtor5 or rJeditors sPee1Y. Comparatwe expenditure frjr yearended 31 Aust 2024 VAT and is Sho ithin tht relevant ujsts the Statement ol Fin¥K?alA(vils. Ttion The s(*KK is exeryjt from ojrporation lax on its ¢thane a¢bvbtw.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accounting policie# IContlntsad} 1.11 Employee berrffits The st of any unused holhaay entillernenl i8 Tnised in the peiicJ in the employee's services are received. Temiination benefrts are recognised immethatety as an expense v11 the S¢hotsl is demonstrably rmmitted to teminatè the èmployment of an emWoyèe orto provide termination benefits. 1.12 Retirement benefits The School c¥)ntribule$ to the T&Kers' Ag•rry Deffined 8erfts Scheme at rates set by the s¢herne actuary and advised to the Sthool by the s(eme administrator. The Scheme is a rnulb'_eryloyer pension scheme and it is nol w)S5ibte to thntty the assets and lkibil"eS of the Schewe whith are not attributable to the Sthool. In accordance th FRS102. the Scheme is acc4)unted for as a defined contribution scheme and ¢ontributions e ar£ounted for when alfvised as due by the SCIrne administrator. The Sthool also r1bLrtes to Olher s¢h8mes. as ated in note 16. Payments to defrne¢J contributton ret1rerrnI benefft sdwnes • ¢haW as an expense as fall due, in acojrdance vnth the rLdes Of the thmes. 1.13 L•as•9 Rentals payable uThder opw3tiry lease5, irK4uding lea8e incentpns received, ¥e charyed to coMe on a straight line over the term ofthe retevant lease. 1.14 Advanc• f•• payts •1 lon1 d•polts Parents may enter into an arrangrnt wrth the Sthool to pay turtwi fees in advance. There is no interest paid on the advance fees ffiJre fee5 are rYJt capped. The advance payments are recorded as deferred income until the ceria for income reCognon are meL Fees Vlin be recogrmsed in the period to vthich they relate. Parents aso pay deposrts to secure a chikfs luture place at the Sd71. These we relundabk and are relleeted within the Schocls liabifits ¢)n the Ststerrtht of Finanual Positi"on.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Critical accounting eslwTr•tes and judgem In the apFAicalw)n of the Srtw>)f$ ac¥>xmtiry rdKies, TnJstee$ ao required to make judgements, estimates and assumptions at<>Lrt the caThwng amount of assets and IFabilities that are not readity apparent from other sourcEs. The estimates and assocaated assLsmplM)ns are based on historical exrience and other factors that are consKlered to be relevarrt. Acbjal resLdts may thfferfrom se estimates. The estimales arnl utYrtw'ng aSsuMptiS are rE¥1¥ed oNJtyng bas.s. Revisitsns to atxountirYJ estimole$ afy regnISed in the Feriod in which the esb"rrTrate is revtsed wthere the rwsion affe¢t$ that period. or in the period ol the re¥igon and future periods vthere the revision affects both current aThJ future period5. Crltlcal Judg8fiwnts Diswunting of nonrycurrent Par thposits Iwld The School has dis¢ounteO th¢ parentsl depo$rt$ that a expe¢ed to be held for over year. based on an a$$umed cost of ¢aptsl rate. The c¢sl of caprtal was decided upon after evaluatiry rrent interest rates and thé S¢hool'$ ¢urrent debt posibon and will cg)nb"rx to be reViVd on an anrllI ba51S. Classffication of leases The S¢ool ha3 undertaken an anatysis to dassrfy ts leases it IK)Ids as a lessee, as either operatirvj or finance leases. The accountiry Frt)lry for leases hès been awlied to ihese aangernents and the assets are recognise(l as ope¥atirMJ lease afrangements, vrilh the relatirvJ expense charged through the School's statement of Finanaal A(Nitss. Key sources of •stimatioTr un¢•rtainty Deprt¢i•tioTr of t¥ngil>lt fixed 88sets The charge in respect of penodic deprecAabon is deiived after detemiinthig an estMnat8 of an assefs expected usefrjl life and the expected residual value at the eNI of its life. Inryeasin9 an ossefs expected life or rts sidual value 4wukl SU in a redUd deprea"ation charge in Statement of Finanual Actitr"t$ ¥nd in¢rea$ed carying nount of assets in the Ststement of FThrYaal Posibon. The usefvl lives of the Schoofs assets are deletmined by management at the tirr* the asset is acquired and reviewed at least annualty for appropriateness. The Ir¥8s are based on historical experience wilh similar asset$ as well a$ anticipab'on of future events. whith w impad their lrfe, SLKh a$ ¢hange$ in technology. Donalions and Iy¢ 2026 2024 Donations and gifts- FundraisirwJ èvents 14.854 15.858 -24-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Ch4ritsble activiti 202$ 2024 scho fees Extra lessonsldubshrips School registration fees Oiscounts gNen Catering 8.623.724 336.448 12,987 1204,8451 514,625 .323,929 336,104 20.800 (155,239) 494,625 9,282,939 9.020.219 2025 2024 Interest receiwdbte 388,152 212,592 Other in¢ty 2025 2024 Net gain on disposal of tsryit4e tsed assets Other 7.081 10.077 14.675 17.158 14,675
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Charit•bl• activlti•s 2026 2024 Stsff ¢osts DepreciatKJn and impairnnt Ctass materials and lesson c¥)5ts Catering ¢o$ts Charitable donations staff welfare Playing fields rental Estsblishment Costs 5.700.231 865.998 486.377 456.560 5.755 118.184 211.042 730,345 5,264,638 653,847 507,882 433,753 9,760 119,475 285.858 541,908 E 11 Legal and profe5s#)nal fee5 Sundry expensès Advertisir¥3 and marketing Computer and printing costs Entertaining Other tharitable expeThliture 54,683 23,100 101,440 92,168 951 39.8 73,791 23.857 99.722 105.181 1.175 50,022 8.886,724 8.170.869 Share of govemarKe costs (see note 8) 9.000 10.200 8.895,724 8,181.069 Analysig by furrfl Unrestn'cted lunds 8.895,724 8.895.724 For th yur •nded 31 August 2024 Unrestricted fimds 8.181,089 8,181,069 Goveman¢e costs 2025 2024 Audit fees 10.200 9.000 10,200
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 None ofthe Trustees ree Y remurwation ty beneffts from tr (Jiing the year. There wwe Govern. experkses pwd for the year eThJed 31 August 2025 or for the year ended 31 August 2024. 10 Employ••8 Number ofernployee5 The average monthty nurFthJer eryloyee5 during the ye¥TVaS: 2025 2014 Numbor Téaching ard SUPF4)rt staff Administr*ion. IT arKI ng stsff 18 14 102 Employmont costs 2025 2024 Wages arKt salaries Soual se¢uFty costs Other nSIOn sts 4.389.765 482,379 828.087 4.099,498 428,494 736,646 5.700.231 5.264,638 The number of eThWoyees whose arwMMI remua0n was £60,000 or r 2025 lknmb•r 2024 Numb¢r £60,000- £69,999 £70.000- £79,999 £80.000- £89,999 £90,000- £99,999 £100.000- £129.999 -27-
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 Property, ptsntand equSpmont FhOld Fixtsffts and Totsl At 1 September 2024 Additions Dt"sposals 12.884.117 1.709.169 1.615.975 458.254 28,339 34.185 (360.3081 {154.7621 14,958,346 1,771.693 1515.070) At 31 August 2025 14.593286 1284.0(h3 337.677 16.214,969 Depreclation and Impalrnwrt At 1 September 2024 Depreciation charged ir¢ the year Eliminated in respect of disp05als 5.187.601 615.416 1.350.223 237,193 147.369 103.213 {360.308) {148,4301 6.775,017 865.998 1508.7381 At 31 August 2025 5.803.017 1.137,284 191,976 7,132,277 Carylng amount At 31 August 2025 8,79).269 146,722 145.701 9,082.692 At 31 August 2024 7.696.516 26S.752 221,061 8.183,329 Tre carryirwj value of Iwrfl in¢hJded in lo1 and bi#klings ramryises: 2025 2024 Freehcld 1.000.1 1,000.000 All fixed assets are Lssed for charrfabk
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 AUGUST2025 12 Fin•nci•l instruments 2025 2024 Carrying amount of financial assets Debt instwmenls measured at arrorb.sed cost 427,454 316.234 Carrying amount of flnan¢lal IlabllllA•s Measured at anrtised cost 1.764,929 4,911,750 13 Trad• and other CeIvable8 2025 2024 Amounts fallng due withln year. Trade receivables Other receNatAes Prepayments and ac£¥ue(l In1[ 239.454 15.000 303.838 64,176 64,058 90,987 558,292 219,221 2026 2024 Arnots falling due aftsr more than year". Other reCeable$ 173.000 188,000 Totsl d•btors 73t292 407,221 14 Ctsrrnnt Ilablllt(•s 202S 2024 Othèr tsxation and social serity Trade payables Other paYaleS AU5 and deleTred 1ftJ 561.055 149.347 199 440,628 101,484 152.338 155 3,575,986 1.151.229 3.829,963 In the past, bank loans were secured on the free1Id property of the school. They were repaid in fiJll during the year er#Jed 31 August 2016. Legal tharges ojntinue to exist ow th• assets of trE Sth(K>l in favoLf of The Royal Bank of ScotlaThJ: however. no lowts are outstarKb"rtg in relat to these drge$. -29-
HORNSBY HOUSE EDUCATIONAL TRUST .
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
15 Non
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Retirement benefft hMe¥ IContinu•dl The 2016 ojst control valuations since been JaNary 2022. and the Tesutt5 indicated that there would be no thanges to beneffts or Thember contritrmjbons Teqlsired. The resufts of the cost cap valuation are nol used to set the employer Contribut rate. and HM Treasury Iw o)nfirNd that any changes to the employer ¢ontribLrt¥)n rate resLdling from the 2020 vthations wil take effE¢t in &)ri12024. th effe¢t from 1 Septemb•r 2023. the S¢h¢4)I has cbjsed ttrht TPS for rw rr•nbers ol sl¥ff. Those new members ol staff wll instead be enrdled in tr Awva Pension Trust for Independent Schools IAPTISI. Furthermore, th effe¢t from 1 May 2024. the Srool, fotlowng teaching staff consultation, have implemented a cap on the employer rate to the TPS at 23.6%. any ftrture contribution rate rises bein9 met by the employee. The School VMII offer exislirvJ teaching staff membership of the APTIS defined contributis)n 5rheme as an aterrAti¥e to the TPS. For all other empbyeès, tr Stho01 makes ctntribukn into tr4 defined nIAbL[lI)n pension schemes administe by StsJtti5h and Leg & Gènèral. respeew. As at the bal8rtce shèÈt datè, thÈre were 2 active members of the Scoth"sh Wdow3 s(en and 27 emF4oyees eThrold in the Legal & General Scheme. The assels ol the Sche we hekl separately trom those of the Sdml in independentty administered funds. 17 Analysis of not assets b•tw••n fiuMIs Totsl FurJ bal8nc$ at 31 Aust 2025 ao rewe by: Propety. plant and equipftnt Current asse[143bllitI Long term liabilthes 9.082,692 5,779,286 11,174,755) 13,687.223 -31-
HORNSBY HOUSE EDUCATIONAL TRUST . COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31AUGUST2025 18 Operatlng lease comfflilments At the reporting end date the School had outstanding c¢mmitrrwts for fulure mininwm lease paYnts under rK>n-Cancd1ae operating leases, vthich fall due a$ folkyhB'. 2025 2024 thin one year B8ts¥een ts¥o ènd five yeav5 16.248 55,595 10,598 42,394 71.843 52,992 19 Capiil commilments 2025 2024 At 31 August 2025 the Sthool had Capi cormiitments a5 follow" Contrathd lor but not provided in the financaal stalem uisition of wopty, plant arKI equiprnent 4.119.052 20 Contlngènt Ll•bilities "There is a contingent liability relatirs lo the Trinty Fiekts C1)ntr of £250.OCIJ. 21 Relatsd party transoetlons Remuneration of kny rnanagefflent per5oMwI The remLYralion of key mwment per50nne5 1$ as lothy 2026 2024 Ag9regate O)Mper*aft 572,810 520.244 Thè schts paid £817 for inxJrarKe for professnal irthnty govemors. li•ts"hty12024.' £81n.
HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 22 Cash n01th from opernlionl 2025 2024 Surplus forthe year 807,379 1.082,275 Adjustmenls for. Investment incory recogr4sed in statement of financial acvii Gain on disposal of property, plant and UIpMent Depreaation and impaimiènt of pror, an1 equipnrrt {388.152) 17.081) 865,998 1212.5921 653,847 Movements in vyking c4pital: Iln¢r¢asel in trade and other reciv {Decrease)fincrease in trade and olher pay&5 (324,071) 12.687,2SO) 141,1371 3,147.458 CaBh labgothd tyygengvatod from op•r•lo 11,733,177) 4.629,851 23 Anatysis of ¢hongÈs netfunds The School had M debt durirthj fv year.