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 AtrJih*38 D Smilh S Tanna (AppDinted 1 September 20251 P Fr*y 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 A￿U$l 2025. The arLounts have been prepared in accordance with the account1￿j pohcw set out in note 1 to the octs)unts and comply vth the School's governing dLxun*nt. the Companwts Act 2006 aThJ "Accountiny and Rewrling by Chariknes.. Statement of Reo)mmended Ptactice applicable to charitiès prtparin9 their aoxunts in ac¢ordan Ih the Financial Reporbng Standard applicab￿ in the UK * Republ¢ of Ireland IFRS 102)'18$ 8mende¢l f accountin9 periods commen¢in9 from 1 January 2016). Objectlvos and activities The S¢hool places equal eryh•$is on strategc •ms." first. to encaxragtt pupil to attwn h￿hest academic standard$ 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 char￿teriSt￿ 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 deve10prT￿rt vthith matter nmisl to us at Homsby House Sc*ool. P•stornl - To promote kindness. enhance sell4steem ￿ the abl￿ to Value and respeL* each person's 04 worth Ihrw9h a caring. nurturry and Se￿￿e enVir[>n￿nt. Currirulum and Co¢urriwlum vthich 15 a¢¢es$ible to thildren and fostus inderendent and crealive thinkers. Equality, dNetsity and incI￿lon ~ To establish a of induswJn and eqLwI oprthunity, wlhin vthieh all methrs of the sthool and 7Mder o)mmunty ¢&n thrNe. P￿￿￿tion for Ilf• -To prepart happy and vJnfident children for the next stage of their foNnal ethtstion and lile beyond. Our core values - Children are eno)uragÈd lo work and look after each other. Our Ilwee etye ¥alue$ are deliberatety simple and conrAse 30 that al merrtjers of our c¥)mnwnty can urKIEW¥tand them. TIW 5rt at the heart of Hornsby lrfe and govwn all Ihal V•E do. Our Core Values HEAD HEART SPIRIT Achievement Being kind Trying your best £¥cellent work Listening Joiniiw in Being independent c￿irt￿ ond mt7nne Friendship Shoring and inclusive Helpfyl Efjort Resilience Creativity Trying nebv tliings 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 r￿seleth day school ed￿tA)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>>cU￿1C￿Iar activities, standards and ts¢ilitses, induding Il* pmision of financial suptth to those th) cannot afford to pay tuition fees, without detriff￿nt to of pas1￿￿ The scho￿ has achieved this by offering an "iTrJi¥¥JLwIty wrapped. ed￿￿tK)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 $trengths. interests and pace of development. Each pu￿1 is suprthed through persorkalised attentKJn. thougFrttAty adapted teaching, and opportunities that match t￿1r partiojlartslents needs. The Trustees have p8K1 due regard to by the Ch¥ty Comnwssion in dec4ding wtot actmties the School should undertake. Publlc bonefrt The Chwities Act 2006 made ¢thes vthith affed sdwjol. pnnopally rerrtyirtg the presu1￿"1)n in law thal education is for public be￿fit. The effed of thi5 is a requirement ttsl edu¢alitsnal ¢harilies demonstfdte thè public benefft they provide. Th• Charity Commi￿On has Provided guKldirEs on the th•nges together wth an analysis of the law affecth'rKJ charities. In meeting the School's objects. the benefft aim of Homsby Ph)use Sthool 1$ to prowde a fiT5t-dass independent education, both through strorYJ academic ￿111￿ ar*J 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 lurtr*ranc• of aims. the Bo•rd has ¢onW*d *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 th*A 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 PL*Jlic expert￿. H¢yAEver t￿ BO0￿ recogni5e5 that it ha$ wAder responsibilitie5 to the l¢cal C4)mr￿n￿. There are three *Jdrbonal eleff*rts in the public benefft rt provides.. bursaries, outreach prqects ar*J cornr￿nty 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 charTfa￿e duty. Go¥eTr)rs are to the S¢hool's ¢mtributiC￿ to the wider community a￿1 continue to maintain a wafate design*ed fvnd to supwrt bursaries and outreach proiects in fyIL￿e years. Hoinsby House Govemots remain deditated to ertsurin9 that the Sd￿01's drstin¢Xve al￿nd education is accessible to thilthen who ¥￿Ik1 benefit from rts rth acale11￿C 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 ar*J ¢xAtural b¥*grvurKls, reftedry rt5 commitment to broadeniThJ ac¢e$s and strengtt￿In9 indusKm V*ithin the HDrr* txjmmunty. AJI applicats'ons for bursaries we based on personal aTrJ ry￿￿￿te5ted CA￿513r￿e5. The SchTr)l uses an outside Company. Bursary Administralitin Ltd to assess all ap￿Ical￿s. These are Ihen reviewed by the Headmaster, the Bursar, aThJ the Board of Goverrvs. DepeThlirvJ on need, ￿rSarleS may indude support for unrfom, lunth costs and extr￿rrI￿￿ar a(knbe5. In 202412025 the School supported pupils tested tsKwies. varyiro in valu• 5% 10 90% of annual fees of whKh one is Irf￿ngIng. Hofnsby House has a longstanding collaboration wilh thè Irtstitirtè of EdLtstion and Univetsity of Roehampton, offering work plxements during the Sd￿ to St￿4￿nts undÈrt3kin9 thÈ PGCE. The S¢ho01 also participates in Ihe S¢hods Direca Programme. an employment based route into teaching for experienced graduates leading to QLMlified TeachiThJ Status. The school's public benefft Pr￿amme is rrAnaged and cTr(xthnated by Mr Mar* PeteT5, Deputy Head, Extemal Relation$, ¥￿￿ 1$ workiny vrith k¢al bYim8ry ar￿ sports thbs lo develop a range of in1r￿ts"¥eS in the local Community. Our mi55ion is to prvrThkn. devebp aThJ deliver Ieaming 0p1￿1￿1beS and eXpe￿IKeS open to all thr￿gh a range of •th"t*5 to eftrth le￿Ing •Joss the ¢>JrrMxAum arxl iwond. DurTrn9 the past few of years we Iwe budt exc*Uent partr￿s1¥p$ in the local cornmunity V*iih both Larkhall Primary S¢hfAI in stock4￿1 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 Sl￿￿Sfvl year, the Page Tumers progRn¥ne c¢nb"nL*S to thrive thanks to 1he dedication of Homsby Fk)use pa￿nt volunteers. who gbve their time ea¢h *ek to supF¢rt yourty readers at Trinity Sl Mary's CotE sc￿1. The initiative pairs aLf ¥olunteers V*ilh 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, $lwed'. -some of th8 morn anxious or ￿luctsnt readets h)Jk lorward to goirKJ otrt wth the adults. which is bnlliant. In class. I see that they have grown L￿fid￿ and it is Thce to know that they are being read wilh every singlè W6ek. 11 makes a difference- thank you." The cyding programrr* run for Larkhal Primary School al Heme Hli I Velcdrome is rw in its fourth year. This is a sport and venue to T￿1￿ the chiklren attend woukj oroinarfy not have access. Thi8 year we look a team Invo￿lftg th￿¢ schools. H￿nSty House. Larkhal and EITh￿ Academy (Larkhall alumni rebJming to fide) under the banmr of Grr£z1￿$ 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 Part￿4p0te ￿ 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(p￿S make weekty pltr)ne calls to three Sfver LiSteTre￿. members of the ekjerty corrwwnty, th*LO are read to by our Silv8rReadefS. Each Silver Listener is paifed ￿th a puwl rea(ler. 7fvtho tsha￿ a $hort story. a clwptèr from a longer tr￿k, or a poem during each cal. A mern￿r of staff is present to thi5. At mert V￿ have one Silver Reader from Year 3, Year 4 and Year S. WTth readers Tolatiw appn)ximatety 0￿e per teFm to give nw)re pw)ils opportunity lo lake part. The prograrfwnè provides our thiktren *ith a n￿nIngfUl PU￿ for ttEir read¥￿. helpin9 to confKlenc*, fluency and molNatt"on. Equalty importantly. it fostws genuine coMectKTh, offering Compan￿nShIP to older members of the community and. in SO￿ ¢ases, Iwing to redu(* feelwvjs of isolation. Homsby House School contsnues its partrerth"p with H￿brOOk Sckd. th)nating to the Sch￿1 a (trtribution for I￿r Coram Beanstslk rnadin9 helper5. Strnteglc veport The description hthyings "Ad￿￿tr￿nts pwrun￿. arm1"Resep￿ poltty, meet the c4xnpary w oqu*ements forthe Tnfyte¢s to preswtt a strat￿￿ rep Achievements and Opgrati¢nal pertonn•nc• ofts School Hornsby House enjoyed another succe55fv1 y¢ar. Th& School hosted ￿veral MLdtiwltural events. A a$Serf￿ VAS led by pwents and pupds parts"cipated in workshop to celebT*¢ the ri¢h cuhural heritsge of the Hmby community. The F￿ad Teacher from WenLin Chinese School visited and led an a￿rnbfy to c4ebrate Chinese New Year and to talk to the Ch￿dren 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 pro￿led 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, b*nc*d and drfthnti*d CUni￿luM and ¢urri¢ulum for all children. Thé Independent S¢h(￿s Inspedcrf*e Sc*k)ol ￿sIted Homsby H￿se in M￿1 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¥belmin￿Y Fwtsve report. it is part￿larty Tewarding lo see how inspeclors noted that Pupils ￿ceIve a broad and balanced education, v47th effecb¥e teaching, indusive sports programs, and dNerse extraCU￿1cU1af ac*vitiès fosteri￿ a k)ve of beaming. Personal. social, ￿ath, and 8eonomic education {PSHEI further prOA￿teS nmrtual resFe¢t. sel1￿nfthn￿. and positNe relationships. These findings align ￿th our obpcb'vts. rEtlec*'ng our ￿rnn¥lr￿ lo pro¥i(k'ng a $￿F*>￿￿ arKI enriching le¥ming environment for all pu￿5. The School's excellent reputats.￿ in the area has enswed sm demarvj fpr plxes and heatthy numbers on the roll. The Sdjool remwns commrtted to promting the chl1 dren's core values aryl devek)ping sot¥al skills that equip Ihern well in lrfe beyorHI primary sCM￿. This is athieved throwjh an exoiing relevant curriculum and the prowsion of a wide rarw of befo￿ and after schoc4 gm￿ ¢hikJren opptsrtunilies to vKJrk as a team and learn new skill$. The location of Ihe &hool atso fDr a rth arnl wied of educational trip5 nd v&sitin9 sptskers. The chiljren are supported by hi9hty quaIrf￿d and motivated slaff. The provtsion of excellenl resour￿ and modem fa￿li￿"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 Re￿pts0￿ on the basi5 of ac•Jemic assessment but according to a first come, first served wiStra￿n proc￿. The xademK prcKe33 of the School is 1rr￿resSNe. 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 s￿￿US 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 I1uthal￿n$ in workitvj ¢aptsl. The ￿$￿Ve5 have awrrwlated to £13.687.223 iefiect the $gnificanl cost of the School's freehdd land and bLNklings. Funding of recent Cawl￿ projeds and necessary d¥Y4￿daY workn.ng caprtal is beirvJ met by careful management ofthe School's (xsh rvtsoLwces. together wilh additio￿ fuTr*ry from the SdK>ol's bankers wlwe necessary. HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED FOR THE YEAR ENDED 31 AIIGUST 2025 Most ol the S&tsJl's income is from sthool fees and Ollw assoaated revenue. The Trust promotes and raises funds for local char1t￿$ 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 faCil￿e$ 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 faSh￿Tr V*ith 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 7*we no comF4aints t￿l¥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 rar￿e 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 sUm￿￿r 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 Rela￿ns. 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 a9￿Ment is suffiryent to ensure Ihat the TnJst's normal operab.ng c*sts art Substant￿ rT*t 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 ￿ndS￿arth and Lambeth. It is hoped that there may be the OFvwiunrty to develop the f*lds furtyw in the fijture and improve the facilitie5. Ajthough no definitive ag￿ement 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$t and another Focal school. Every year the Sd￿ holds a HaprfesE Festiva Celebrknn in which ￿pilS bring in foo(1 don?IK*ns for Spires. South London tharity supporting, homtth arrtl vulntraNy housed people in tsjr ¢¥mmunit*$ and staff are enc4Juraged to make a Seryet Sanla dorTrakn to SLWQrt the tharty at Chri5trnas. The Eco Committee is *wkin9 ￿1th ktsl 0)Mm￿ty wp Beaubfy Balham to maintsin a triangular urban garden ck>se to Homsby House. Flnanclal r•vl•w The Chantys powers of 1rwe$t￿nt 80 goverr*d by the TTUSt AL* 2000. The Board continue5 to keèp under review the investment ri5k$ 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 rna￿r iisks. The Govemors have maintained their cornmitmenl to the improveTh*nt of the Schoovs infrastructure and rètaining a minimum of reser¥es to ensure adew fnarnial ￿abilIty aNI the means io meet its ChariL*￿e 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 ex￿*3 and to ensure appropr controls are in place lo provth re050nable assurance against fra￿j and errc*. Board monitors the Schoofs ao*vibes 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￿$ estsblisfr*d to manage them. The Board also monitors the effeCt￿e￿ 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 mar0gW￿t prwM5es is undertaken by the Bowd on an anTh￿l basis. The Govemors have idenlthed the frJlty4irrfJ risks to whith the School is cur￿ty 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. ForTr*l n*thaniwns for oper•bon offv G￿rnI￿ Btsty Safegu•rding and vettry wDr*￿res as required fi)r th• protection of children and l1wab￿ adults RegLdar offorn￿ poli¢i¥s ar•J ww*dures Comprehenswe $trategic planniry. budgebry and acts)untirwJ pr￿d￿¢S Risk asse53Trents fty irHlivi(k￿l actiwljes arKI *artnwnts Financi￿ and l* •JvKe. taken as required The current financyal aTrJ polit￿￿1 dim* has raised a of issues that ttE Govemtys a￿ monitoring. The introduction of VAT on tuition fees and the *ithdravrdl of business Trte$ relief for independent sthDol¥ are pJtential risks. ACkTr￿edging 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 *M￿ee. 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 SL*￿1 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 $¢hoofs strategic F4an. The School has a lo￿tern rental agreement *qth a I￿￿1 sP￿ts dub Battersea Ironsides. As part of the agreement, the Schod funded a 4G Astroturf on the site aThJ the iMprovem￿t of the netball courts. This agreèment secured highqualty sports faty"Itts"es for existing arml ftrture generatws of Homsby Fh)use pupils. and the IrKal ￿mMUn￿ and ensurtt that both the SdK>ol and thè Club can ctmb.nue lo pro¥th ex¢eUent te￿￿1n9 and promote an indus1￿ sportiry ojmrnunty for thildren and adums. The Sthool rLsntinues to Thest slgnrf￿anty in •nsuriThJ that the IT irrfrastnjc￿1e r& robust hardvAre ueate8 the enabling le￿ing environment needed lo equip our for a fastrtharywwj ted￿1091￿1 THorfd. HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Environmentsl responsibi Homsby House rec£Jgnise that environmental ￿nsIbl￿ty i8 an important aspect of running a successthJl bng- terni busir*ss and the ojmrnilrnnt to Sustaina￿lty ts fundamenlal lo our edLLalional èthos. Th8 Emronmental and Sustainabilty Poliw forms part of DevelDwnent Plan and *ill te regLdèrfy ￿Viewed and amended a¢¢ording to the changing nabJwB of our operations. The SdKol uses rtS¢)Uff*S SL*h as the Schools Action Glimate Artion Plannef to help idenffji aLton5 Ihey ￿ take to reduce the enwwnrTEntal rmwa and monitor proJre5S towards obie¢*ve of redwrwj our footprinL Since 2017 Homsby House has sourced 100% of its dec** from renewa￿e ￿)￿￿$. In February 2022 the Sdwl installed a 25kW solar PV systern on one buih*rvJ 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 up￿a￿d 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 ￿1￿c*wIl*f￿?ste. The original s¢hool building way bufft tsr¢a 1W)5 and is c¢nstruthd of ￿Try￿SkIn bric* work, vAth high ceilings and singl￿glazing. vthich are drfficJJlt to heat in *inter arKI mairtsin an ambient temperature in the SUIrn￿r. The levd of roof space ingjation is unkrKyhm lyjt aSSw￿d to be ￿￿1¢h less than the standard recommendation. Future ￿velOpMent The School has c4Jmmenc*d the pl￿￿d extensi(m of the Main s¢￿ BU1￿J1n9 to into the space created by the remov￿ of the temporary Portakabin XCOMn￿dati0n. 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 Sc1K￿l. The existing tyilding V+il be the subjed of extensive relurbishmenl. This wll indL&* thè instamath.on of a new rr￿e 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 deveiow*nt is thè construction of the mc¥aular d¥$$room block at Chestnut Grove h¥$ alts**d us to ￿lOCate from main t￿11￿1￿9 for the duration of the Project. D4ver4ity •nd inclusion Al Homsby House we believe t￿11 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 val￿d wih'n the Homsby Community and to embed in all aspects ol school Me. continue to expaThJ our ￿oUrCeS wrthin the cUr￿￿M and ac¥oss the sch￿1 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￿ Urth￿preSente￿ in ts edLK*ion sector and will eJJnlinue to review the recwurtrnent process to ftMYJS on Inc￿51￿9 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 In￿rpor￿e ideas from their expertise at Sd￿oIS 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 proviS￿nS of the Afiic*s of Asso¢yèkn arKI Constitu￿ a ￿tr￿ted 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, spec4￿1$1 skill$. experiertt and residence in proximity to the Sth¢)oi. Go¥emors recognbse t￿1 • dNerse Board 15 Ir￿e 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* fr*r a period of time. at the rfisryetion of and subject lo any ()￿d￿n$ 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 Charrt￿5 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 i￿lUc*0n pack provi(led lo (&wemors includes a number ol Scthool dor)Jnents ar￿ Fdiraes ￿lUdIng. Guidelines for govern￿-AGBIS Srx insights for InJst8es- Charit*s CoThrfTWS Keepin9 ch￿d￿ Safr in Educati Paper¥ in respert ofthe most rectt* Go¥wning Bo¢ty Meeting School devdotmnent pkn As part of continuous professional deveh)pwiL 1ndmd￿l C>Mmo¥s regulaty atteTrJ laiiored seminars in key aspects of school go¥eman(* and managewrwt by AGBIS (Asswalion of Govemirg Bodies of Independent s￿￿￿151. IAPS Ilndependent AsswJb"on of PrepwatNy armj ISBA (Independent S(*ool¥ BU￿￿3. Association) or other approprtate organis*iL)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'w*s 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 ITr￿e 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 BU￿ar. 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 b￿1get meth"rKJ vrtth thè polw obièdive of providing appropriate incentr￿S to encourage enharwl prforffAnc£ and of rwdrding. faity and rèsponsibly, individual contribuDorTrs lo the Sthod's su￿e$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 iSs￿S 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 SCI￿1$. 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 ac*novledged •nd apprec&ated. Employee involvement The sc￿01 supports an stsff by investirvj in trairriry, ar￿ diw5ity ¥KI Ir￿lUsion. An annual confidenlial staff survey helps measure and monrtor progre￿ and enables Hom5by House lo fo¢us on the tangible and praclical ac￿n5 can take to yjpport a ￿le 5(*x4 approath to mental health ar￿ wellbeing. All staff have ac£ess to a free arKI confidential, EM￿oYee 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 sc*ool 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 Sd￿cl, 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 soci￿e¢￿0miC and finan¢tal f>Xors affecting the School's perfornwce. At 31 August 2025, the School ern￿Oyed 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 Tn￿tres. responsibiliti•s The trustees, who are a150 direc*or5 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 appl1￿1* Unrted ￿"ngdoM A￿unts"n9 StstyJ¥ds (Uruled lthngdom Generally Accepted Accrxsnting Practice). Company law requir•s the trustees to prepwe fir￿￿la1 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 ir*rvoWe to presume that th• tharitsble company Thill conb.nue in Opera￿n. The Iruslees are reSponsi￿e for keewng •Jequate accounting r¢t*Jwds 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 LI￿￿ted. is deery*d to be reaFPDinted uThJer seLlion 487(2) ofthe Companie5kt 201X. The Trustees, report, ￿￿U￿1ft9 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 State￿￿nIS 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 finar￿1 ststeff￿. irKludiry a surwThary of svjnfftant aC￿Unting policies. The ffinan¢ial wportiryj frame%KJrk that has teen applFed in their prpparabon is appIl￿ble law and United Kingdom Attountirtg Standards. induding FinarKaal Reporb"ng Standard 102 The Financttal Reporting Standard applKable in the UK and Repuohc ol I￿18nd (Urmted Kingdom Ge￿allyN￿pted Aco)urrtry Prxbce). In our opinion. the finarrAal ststements.. give a InE and fair view of the state of ts d￿ritable 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* requIr￿￿rts ofthe Ccfftp￿le$ 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 mspon￿￿lifveS for the audit of Ihe accounts 5ecbon of our report. are inde￿ndent of the School in accoTdarce wrth the ethical requirements that are relevant lo our audit of the accounts in the UK. i￿luding the FRC'S Ethio31 Standard, and have fulfilled our other ethical responsibilit￿S in accordance these requ1rerr￿nts. We bebieve Ihal the audit evidence we have oblained is suffiaent approwiate to a basis for our OF¥ThOn. C{￿¢1￿510n$ rnlating to going concern In auditing the financAal slatements. have o￿thded 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 re￿vant sections of this report. Oth•r Inforniatlon The trustees are ￿spOnsIb[e for tre other Inforn￿n. Tr (thr inlormèkn c¥)mprise8 the intsmation induded in the trustees. annual re[￿. other than the financial Staten￿nts and our awjilorfs report therecm. Our opinion on the financial statements does not wer the other information and. ex￿pt to the extent ott￿r¥*iSe explicttty stated in our In conne¢l*)n wi¢h our 3￿rt of finanoal $tsterT￿S. our responsibilty is to read the other infomotion and, in doing so. ¢4)n$ider whether Ihe other inforrrthon is m*eriaNy 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 misstaleff*nt in the financial slatements or a material rrossLilement of the other infom*ion. If. based on Ihe work we have Ferf0M￿l. 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 ch￿eS (Accounts and Reports) Regulation5 2008 require us to feport lo you rf, in our ow"nion." the information gwen in the fina￿￿ $tatsn*nts is inc￿nSiste￿t w) any material respect V*ilh the Trustees. report,. or Suff￿"ent account￿9 re(yJrd$ have Thjt kept or thè finantixl ststernents are Mt in agreement the a￿O￿nI1￿ 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 n￿eSsary lo tnable the prep￿at￿ of financial staterrents that are free from material misstatement, Ythether due lo tra￿￿ or error. In pfeparing the ffinaN>￿ 5talemer*s. the tn￿lee3 are reswrty.blts for assessiNJ the group's and parent charty's abilty to continue as a g(Mng cy)n￿rn. disthsirrfJ. as applicabte. matteB ￿lated to wing o)ncem and usin9 the golng concem basis of aco)unting unkss the trustees either intend tts I￿uld#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 Auditt*ts 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￿ aSSUra￿e about the financyal statements as a ￿ole are free from material misstatemenl. whether due to or erroT. and to issue an a￿￿rt0￿S report that Ir￿Ude$ our opinion. Reasonable assurance is a huh level of assurartt. but is a guarantee that an aL*Jil ￿r￿lUded 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 firt4￿131 sl*m*nts. Irregularth"es, In￿17ng fraud, are inStsn￿$ of noTrcO￿81￿e 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. ind￿JIng 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 slgnrf￿4nl. 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 perrorrr￿d induded.. . identifyiry and asSe￿ry the ellectpRness of c%xtrols management ha8 in p*e 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.. Ch￿lengIng assumption$ and j•ments made by management in its sWJtifKant a¢¢¥unting estsmates.. . identifying #rnl teslifty Jawna Èrkns, in part￿lar aThJ entries posted unusual a￿￿nI ¢omtsnation$", and assessing the ex1•nt of ¢¢r￿lI￿ 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 r￿mp1vanCe with regulation. This risk increases the more that cxjmpliance V*ith 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 nonr ow 8￿Jrt Iwrk, forthis rep>( or for the opin￿$ we have forned. Colin Hamilton Isenior StatsJtory Auditor) for and on b•h•lf OlWa￿ ￿l￿1•M5 Limll•d Chartered Accountants ststutory Audlttsr BeL￿a¥e House 3943 Monument Hli I V*bridge Surrey I￿13 8RN rd Wlliams Limiled is eli9itAe for appoirrtff*nt as •￿itOr of the Srtwl by Virt￿ of its ekyitslty for app)int￿￿t 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 actNit￿S 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 Offina￿lar w*vibes I￿jude$ am losses rwised in the year. Al income and expend￿re d*w• from ts)nlini#tYJ acbviljes. The ststemènt of financial athibes also comFI* 7Ath thè rèquirut*nts for Ir*￿Me and expenditure account under the Cunpon￿5 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 a*s•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 T￿1¢• 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 eqLli￿nI 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 invest￿9 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 C￿rity 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 d0￿Ment. the Companies Act 2006 and "A¢wJnting arrfl Reporbro by Charitw.. staten￿nt of Rec>)mmended PTacticE applicable to Charities preparing their acJ>)unts in ¥xtydèrK* th the Financi￿ Repoiting Standard applicabte in the UK and Repu￿1¢ of Ireland IFRS 1021. las amended lor ac¢4yntiThJ period$ cal Ac*viti&s and 1$ pay*4e to HM Revenue & Customs. Input VAT re(y)verdble on laxable sUpp￿e5 15 exduded from experKlilure arKI reDJgllised ¥s a debtor until recovered. Irrecoverabl• VAT, ind￿ling 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 1ry￿￿jed Vlrylhin debtor5 or rJeditors ￿sPe￿e1Y. Comparatwe expenditure frjr yearended 31 A￿ust 2024 VAT and is Sho￿￿ *ithin tht relevant ujsts the Statement ol Fin¥K?alA(*vil*s. T*￿tion The s(*KK￿ is exeryjt from ojrporation lax on its ¢than￿e 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 T￿nised in the peiic*J in the employee's services are received. Temiination benefrts are recognised immethatety as an expense v11￿ the S¢hotsl is demonstrably r￿mmitted to teminatè the èmployment of an emWoyèe orto provide termination benefits. 1.12 Retirement benefits The School c¥)ntribule$ to the T&K*ers' Ag•rry Deffined 8er*fts 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 SCI￿rne administrator. The Sthool also r￿￿1bLrtes to Olher s¢h8mes. as *ated in note 16. Payments to defrne¢J contributton ret1rerr￿nI 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•• pay￿￿ts •1￿ ￿lon1 d•po*lts Parents may enter into an arrang￿r￿nt wrth the Sthool to pay turtwi fees in advance. There is no interest paid on the advance fees ffiJ￿re fee5 are rYJt capped. The advance payments are recorded as deferred income until the c￿eria for income reCogn￿on 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 Sd￿￿71. These we relundabk and are relleeted within the Schocls liabifit*s ¢)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 ex￿rience and other factors that are consKlered to be relevarrt. Acbjal resLdts may thfferfrom ￿se estimates. The estimales arnl utY*rtw'ng aSsuMpti￿S are rE¥￿1¥ed oNJtyng bas.s. Revisitsns to atxountirYJ estimole$ afy re￿gnISed 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 reViV￿d on an anrll￿I 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 a￿angernents 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 redU￿d deprea"ation charge in Statement of Finanual Acti￿tr"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 impairn*nt 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 re￿e￿ ￿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 remu￿a￿0n 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 F￿￿hOld 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 lo￿1 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 an￿rtised 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 In￿1[ 239.454 15.000 303.838 64,176 64,058 90,987 558,292 219,221 2026 2024 Arno￿ts falling due aftsr more than year". Other reCe￿able$ 173.000 188,000 Totsl d•btors 73t292 407,221 14 Ctsrrnnt Ilablllt(•s 202S 2024 Othèr tsxation and social se￿rity Trade payables Other paYal￿eS A￿U￿5 and deleTred 1ft￿J 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 free1￿Id 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 d￿rge$. -29- HORNSBY HOUSE EDUCATIONAL TRUST . COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 15 Non)st ¢ap. As thère is Thj bfy8th ol the Cost control mechanism, there 15 no ￿quIrement for the Seryetary of SLite kn Educathjn to consult on C￿e5 to the scherre. HORNSBY HOUSE EDUCATIONAL TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Retirement benefft ￿h*Me¥ IContinu•dl The 2016 ojst control valuations since been JaNary 2022. and the Tesutt5 indicated that there would be no thanges to beneffts or Thember contritrmjbons Teqlsired. The resufts of the cost cap valuation are nol used to set the employer Contribut￿ rate. and HM Treasury Iw o)nfirN*d that any changes to the employer ¢ontribLrt¥)n rate resLdling from the 2020 vthations wil take effE¢t in &)ri12024. th effe¢t from 1 Septemb•r 2023. the S¢h¢4)I has cbjsed ttrht TPS for r*w rr•nbers ol sl¥ff. Those new members ol staff wll instead be enrdled in tr* Awva Pension Trust for Independent Schools IAPTISI. Furthermore, ￿th effe¢t from 1 May 2024. the Sr*ool, fotlowng teaching staff consultation, have implemented a cap on the employer rate to the TPS at 23.6%. ￿ any ftrture contribution rate rises bein9 met by the employee. The School VMII offer exislirvJ teaching staff membership of the APTIS defined contributis)n 5rheme as an aterrAti¥e to the TPS. For all other empbyeès, tr* Stho01 makes ctntribukn into tr4￿ defined ￿nIAbL[lI)n pension schemes administe￿￿ by StsJtti5h and Leg* & Gènèral. respeew. As at the bal8rtce shèÈt datè, thÈre were 2 active members of the Scoth"sh Wdow3 s(*en* and 27 emF4oyees eThrol￿d in the Legal & General Scheme. The assels ol the Sche￿￿ we hekl separately trom those of the Sdml in independentty administered funds. 17 Analysis of not assets b•tw••n fiuMIs Totsl Fur*J bal8nc*$ at 31 A￿ust 2025 ao rewe￿￿ by: Propety. plant and equipft*nt Current asse￿[143bllit￿I 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 paYn￿ts under rK>n-Cancd1a￿e 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 Capii*l 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 wop*ty, 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 remLY*ralion of key mwment per50nne5 1$ as lothy 2026 2024 Ag9regate O)Mper*a￿ft 572,810 520.244 Thè schts￿ paid £817 for inxJrarKe for profess￿nal 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 ac*vii Gain on disposal of property, plant and ￿UIpMent Depreaation and impaimiènt of pror￿, ￿an1 equipn*rrt {388.152) 17.081) 865,998 1212.5921 653,847 Movements in v*yking c4pital: Iln¢r¢asel in trade and other rec*iv {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.