IRIS Accounts Production v25.1.3.33 Other Company accounts True false Pounds 1.9.23 31.8.24 31.8.24 FY FRS 102 Audited Small companies regime for accounts Full Charities SORP true true true true true false true false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh007708912023-08-31007708912024-08-31007708912023-09-012024-08-31007708912022-08-31007708912022-09-012023-08-31007708912023-08-3100770891ns0:CharitableCompanyLimitedByGuarantee2023-09-012024-08-3100770891ns15:PoundSterling2023-09-012024-08-3100770891ns11:FRS1022023-09-012024-08-3100770891ns11:Audited2023-09-012024-08-3100770891ns11:SmallCompaniesRegimeForAccounts2023-09-012024-08-3100770891ns11:FullAccounts2023-09-012024-08-3100770891ns11:CharitiesSORP2023-09-012024-08-310077089122023-09-012024-08-3100770891ns16:EnglandWales2023-09-012024-08-3100770891ns11:RegisteredOffice2023-09-012024-08-3100770891ns0:Trustee22023-09-012024-08-3100770891ns0:Trustee32023-09-012024-08-3100770891ns0:Trustee42023-09-012024-08-3100770891ns0:Trustee12023-09-012024-08-3100770891ns0:Trustee52023-09-012024-08-3100770891ns0:Trustee62023-09-012024-08-3100770891ns0:Trustee72023-09-012024-08-3100770891ns0:Trustee82023-09-012024-08-3100770891ns0:Trustee92023-09-012024-08-3100770891ns0:Trustee102023-09-012024-08-3100770891ns0:TotalUnrestrictedFunds2023-09-012024-08-3100770891ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3100770891ns0:Activity82023-09-012024-08-3100770891ns0:TotalUnrestrictedFundsns0:Activity82023-09-012024-08-3100770891ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3100770891ns0:Activity82022-09-012023-08-3100770891ns0:Activity92023-09-012024-08-3100770891ns0:TotalUnrestrictedFundsns0:Activity92023-09-012024-08-3100770891ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3100770891ns0:Activity92022-09-012023-08-3100770891ns0:Activity102023-09-012024-08-3100770891ns0:TotalUnrestrictedFundsns0:Activity102023-09-012024-08-3100770891ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3100770891ns0:Activity102022-09-012023-08-3100770891ns0:Activity112023-09-012024-08-3100770891ns0:Activity11ns0:TotalUnrestrictedFunds2023-09-012024-08-3100770891ns0:Activity11ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3100770891ns0:Activity112022-09-012023-08-3100770891ns0:Activity122023-09-012024-08-3100770891ns0:Activity12ns0:TotalUnrestrictedFunds2023-09-012024-08-3100770891ns0:Activity12ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3100770891ns0:Activity122022-09-012023-08-3100770891ns0:TotalUnrestrictedFunds2023-08-3100770891ns0:TotalRestrictedIncomeFunds2023-08-3100770891ns0:TotalUnrestrictedFunds2024-08-3100770891ns0:TotalRestrictedIncomeFunds2024-08-3100770891ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-08-3100770891ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-08-3100770891ns10:WithinOneYear2024-08-3100770891ns10:WithinOneYear2023-08-3100770891ns10:AfterOneYearns0:TotalUnrestrictedFunds2024-08-3100770891ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-08-3100770891ns10:AfterOneYear2024-08-3100770891ns10:AfterOneYear2023-08-3100770891ns10:ShortLeaseholdAssetsns10:LandBuildings2023-09-012024-08-3100770891ns10:LongLeaseholdAssetsns10:LandBuildings2023-09-012024-08-3100770891ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-09-012024-08-3100770891ns10:PlantMachinery2023-09-012024-08-3100770891ns10:FurnitureFittingsToolsEquipment2023-09-012024-08-3100770891ns10:ComputerEquipment2023-09-012024-08-310077089122023-09-012024-08-310077089132023-09-012024-08-310077089112023-09-012024-08-310077089112022-09-012023-08-3100770891ns10:OwnedAssets2023-09-012024-08-3100770891ns10:OwnedAssets2022-09-012023-08-3100770891ns0:GBP60001ToGBP700002023-09-012024-08-3100770891ns0:GBP60001ToGBP700002022-09-012023-08-3100770891ns0:TotalUnrestrictedFunds2022-09-012023-08-3100770891ns0:TotalRestrictedIncomeFunds2022-09-012023-08-3100770891ns0:TotalUnrestrictedFundsns0:Activity82022-09-012023-08-3100770891ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-09-012023-08-3100770891ns0:TotalUnrestrictedFundsns0:Activity92022-09-012023-08-3100770891ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-09-012023-08-3100770891ns0:TotalUnrestrictedFundsns0:Activity102022-09-012023-08-3100770891ns0:Activity10ns0:TotalRestrictedIncomeFunds2022-09-012023-08-3100770891ns0:Activity12ns0:TotalUnrestrictedFunds2022-09-012023-08-3100770891ns0:Activity12ns0:TotalRestrictedIncomeFunds2022-09-012023-08-3100770891ns10:PatentsTrademarksLicencesConcessionsSimilar2023-08-3100770891ns10:PatentsTrademarksLicencesConcessionsSimilar2024-08-3100770891ns10:PatentsTrademarksLicencesConcessionsSimilar2023-08-3100770891ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-08-3100770891ns10:ShortLeaseholdAssetsns10:LandBuildings2023-08-3100770891ns10:LongLeaseholdAssetsns10:LandBuildings2023-08-3100770891ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-08-3100770891ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-09-012024-08-3100770891ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-08-3100770891ns10:ShortLeaseholdAssetsns10:LandBuildings2024-08-3100770891ns10:LongLeaseholdAssetsns10:LandBuildings2024-08-3100770891ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-08-3100770891ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-08-3100770891ns10:ShortLeaseholdAssetsns10:LandBuildings2023-08-3100770891ns10:LongLeaseholdAssetsns10:LandBuildings2023-08-3100770891ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-08-3100770891ns10:PlantMachinery2023-08-3100770891ns10:FurnitureFittings2023-08-3100770891ns10:ComputerEquipment2023-08-3100770891ns10:FurnitureFittings2023-09-012024-08-3100770891ns10:PlantMachinery2024-08-3100770891ns10:FurnitureFittings2024-08-3100770891ns10:ComputerEquipment2024-08-3100770891ns10:PlantMachinery2023-08-3100770891ns10:FurnitureFittings2023-08-3100770891ns10:ComputerEquipment2023-08-3100770891ns10:BetweenOneTwoYears2024-08-3100770891ns10:BetweenOneTwoYears2023-08-3100770891ns10:BetweenOneFiveYears2024-08-3100770891ns10:BetweenOneFiveYears2023-08-3100770891ns10:MoreThanFiveYears2024-08-3100770891ns10:MoreThanFiveYears2023-08-3100770891ns10:AllPeriods2024-08-3100770891ns10:AllPeriods2023-08-31
REGISTERED COMPANY NUMBER: 00770891 (England and Wales)
REGISTERED CHARITY NUMBER: 312044











KINGSWOOD HOUSE SCHOOL TRUST LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






KINGSWOOD HOUSE SCHOOL TRUST LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Report of the Trustees 1 to 8

Report of the Independent Auditor 9 to 12

Statement of Financial Activities 13

Balance Sheet 14

Cash Flow Statement 15

Notes to the Cash Flow Statement 16

Notes to the Financial Statements 17 to 26

KINGSWOOD HOUSE SCHOOL TRUST LIMITED (REGISTERED NUMBER: 00770891)

REPORT OF THE TRUSTEES
for the year ended 31 August 2024


INTRODUCTION

The Board of Governors (who are trustees for the purpose of charity law and directors for the purposes of company law) present their annual report for the year ended 31st August 2023 prepared under the regulations of the Companies Act 2006, the Charities Act 2011, together with the audited financial statements for the year and confirm that the latter comply with the requirements of the Companies Act 2006 and the company's memorandum and articles of association and the Charities SORP, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102).

The report of the governors includes the information required to be disclosed under company law in the directors' report.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document
The School was founded in 1899 and became a charitable trust in 1963. It is governed by its memorandum and articles of association.

Governing Body
Governors are elected at a meeting of the Board of Governors and all new governors are invited to become members of the charitable company. Careful consideration is given to the appointment of governors and individuals are approached where there is a need for particular skills. All key areas of responsibility are adequately covered by the existing Board of Governors.

Governors
All governors give of their time freely and no remuneration or expenses were paid in the year. No governor or person connected with a governor received any benefit from either means tested bursaries or scholarships awarded to any pupils.

Governors' training
New governors are well briefed about the School and its procedures and policies. A detailed induction process is in place and includes a file containing all relevant aspects of the School (such as the prospectus, memorandum and articles, and the latest inspection report), together with the AGBIS handbook and training details. Governors visit the School during the term to gain an understanding of teaching methods. They also attend seminars and training events when appropriate to keep up to date about governance, safeguarding and other developments.

Organisational Management
The governors determine the strategic policy of the School and review its overall management and control for which they are legally responsible. The full governing body meets at least once a term and more often if required. In addition, the Finance, Health, Safety and Welfare, Marketing, Academic and Pastoral sub-committees meet termly and report back to the main governing body. The day to day management of the School is delegated to the Head who is well supported by other members of the senior leadership team.

Pay Policy for Senior Staff
The Head, Bursar and senior teaching staff comprise the key management personnel of the School. Remuneration of the Head and Bursar is reviewed annually in accordance with their contracts of employment, and is benchmarked against schools of similar size in the locality.

Remuneration of senior teaching staff is reviewed annually and benchmarked against national scale rates for teaching staff of equivalent experience, seniority and responsibility.

Risk Management
The Board of Governors is responsible for the management of risks faced by the School. The risk register and policy is reviewed by a sub-committee of governors and senior School staff, who report annually to the Board of Governors. Risks are identified, assessed and controls applied throughout the year.

Principal Activity

KINGSWOOD HOUSE SCHOOL TRUST LIMITED (REGISTERED NUMBER: 00770891)

REPORT OF THE TRUSTEES
for the year ended 31 August 2024

The principal activity of the charity continues to be the provision of a preparatory school for boys up to the age of 16+ with education and pastoral care of the highest possible calibre. From September 2021 the School became co-educational and admitted girls for the first time.

OUR AIMS

Kingswood House is committed to safeguarding and promoting the welfare of children:
o Staying safe
o Being healthy
o Enjoying and achieving
o Making a positive contribution
o Social and economic well-being

Kingswood House aims to:
o Develop the individual abilities of each child in a secure, caring and friendly environment where they are happy and motivated to learn and to appreciate the benefits of healthy living and physical fitness.
o Encourage participation, enjoyment and success in all areas of the School's curriculum to create a well-rounded, confident child who shows respect, tolerance and compassion towards people and the environment.
o Help children develop self-worth and maturity so they are equipped to deal with life's challenges and are prepared for the next stage of their education.
o Create a strong partnership between parents, children and staff to foster social awareness and to allow all members of the School community to feel valued and appreciated.

OUR OBJECTIVES

Our objectives are set to reflect our educational aims and the ethos of the School. It is important to us that we maintain and enhance the academic success of the School. This objective is, however, set in the context of the broader goals we set for the School and its pupils.

In setting our objectives and planning our activities our governors have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee-charging.

Our key objectives for the year included:

o To enhance and improve the education and social development of every child in an individual manner such that they achieve their maximum potential and are able to gain entrance to their chosen senior school for the completion of their education;
o To continue to establish the School as an attractive 4-16 option for pupils in the local community;
o To embed co-education throughout the academic and co-curricular provision;
o To continue to develop the first class pastoral care we provide for pupils;
o To provide continuing support of our pupils already in receipt of fee assistance through bursaries; and if possible increase the provision of means tested bursaries for next year's intake of pupils;
o To continue to improve the facilities and resources available to the pupils and staff.

OUR ETHOS, STRATEGY AND POLICIES

Strategy
Our governors are responsible for setting a strategy for achieving the objectives they have set. The focus of our strategy is to create and maintain a secure and friendly environment where pupils are happy and well-motivated to learn from the wide range of opportunities presented to them. With an individual approach for each pupil, the objective is to maximise their academic potential and other abilities, develop self-discipline, social awareness and self-esteem.



The strategy for achieving these aims is the provision of small class sizes from the earliest stage, staffed by high quality teachers with support from a wide range of in-house specialists in learning development, with access to the most appropriate facilities undertaken within a broad and challenging curriculum.

KINGSWOOD HOUSE SCHOOL TRUST LIMITED (REGISTERED NUMBER: 00770891)

REPORT OF THE TRUSTEES
for the year ended 31 August 2024


In taking forward our strategy we also plan to:
o Invest in technology and the infrastructure of our School;
o Co-operate and share resources with local schools;
o Continue to review and develop our methods for awarding bursaries and scholarships to ensure wider access to pupils from all backgrounds;
o Embed co-education;
o Consider expansion of GCSE options; and
o Embrace technology as a working part of teaching and learning via a Chromebook programme.

Our ethos: a caring School serving our local community and society.

Kingswood House School is a charitable trust which seeks to benefit the public through the pursuit of its stated aims. Our fees are set at a level to ensure the financial viability of our School and at a level that is consistent with our aim of providing a first-class education for all our pupils.

Our School welcomes pupils from all backgrounds. To admit a prospective pupil, we need to be satisfied that our School will be able to educate and develop a prospective pupil to the best of their potential and in line with the general standards achieved by their peers. Entrance interviews and assessments are undertaken to satisfy ourselves and parents that potential pupils can cope with the pace of learning and benefit from the education we provide. An individual's economic status, ethnicity, race, religion or disability do not form part of our assessment processes.

We are an equal opportunity organisation and are committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation or disability. We will make reasonable adjustments to meet the needs of staff or pupils who are or become disabled.

Our School is committed to safeguarding and promoting the welfare of our pupils and expects all staff and volunteers to share this commitment.

Access policy
It is important to us that access to the education we offer is not restricted to those who can afford our fees. We believe our pupils benefit from learning within a diverse community. A great deal of learning occurs through social interaction, conversation and shared experiences which helps our pupils develop an understanding of the perspectives of other people that will be vital in their adult lives. Our bursary policy contributes to a widening of access to the education we offer and the facilities we enjoy. We are also hoping to establish more teaching links with local state schools.

Bursary policy
The governors view our bursary awards as important in helping to ensure children from families who would otherwise not be able to afford the fees can access the education we offer. Our bursary awards are available to all who meet our general entry requirements and are made solely on the basis of parental means or to relieve hardship where a pupil's education and future prospects would otherwise be at risk, for example, in the case of redundancy. In assessing means we take a number of factors into consideration including family income, investments and savings and family circumstances for example dependant relatives and the number of siblings. However, the School does not have any endowment or bursary funds so the awards have to be met out of current income. In funding them we have to be mindful of ensuring a balance between fee-paying parents, many of whom make considerable personal sacrifices to fund their child's education, and those benefiting from the awards. In the past year we have provided financial help to 85 pupils in the School by way of scholarships, bursaries and sibling discounts.

Details of the bursaries available can be found on the website.



REVIEW OF ACHIEVEMENTS FOR THE YEAR

Operational Performance


KINGSWOOD HOUSE SCHOOL TRUST LIMITED (REGISTERED NUMBER: 00770891)

REPORT OF THE TRUSTEES
for the year ended 31 August 2024

The School continued to embed the exciting developments of recent years, namely the move up to aged 16, and the further development of co-education following the introduction of girls in 2021. Over what for a few years have been challenging times for many schools in the independent sector, the School have maintained numbers at about 250, which is pleasing with potentially challenging times ahead. The personalised style of education at Kingswood House was appreciated by current parents who have maintained their trust in the School, as well as new parents buying into the changes, and the School's deserved reputation for having a caring and supportive learning environment.

The arrival of the long-awaited inspection team in the summer term, and the "Excellent in all Areas" final judgement, was well received by all in the school community. This was a formal and independent acknowledgement of the high-quality education offered by the School, as well as recognition of the enormous amount of hard work by the staff team, in ensuring that in spite of the various recent developments, the quality of education offered had not reduced in any way.

The decision by the Headmaster, Duncan Murphy, to move onto pastures new at the end of the academic year focussed the minds of the governors. Following an extensive recruitment process, and from a strong field of candidates, we were delighted to appoint Matthew Bryan as the new Headmaster, an experienced leader with a very good knowledge of the local area, as well as personal experience in both prep and senior schools. We will look forward to Matthew starting in the academic year 2024. The other key factor over the year was the settling of a new long-term lease for the School. Following the usual protracted negotiations over many months, an agreement has been put in place with the landlord.


FINANCIAL REVIEW AND RESULTS FOR THE YEAR

Fundraising
Fundraising for the School was organised mainly by current parents of the School. The Kingswood House Association is run by a hard-working committee of parents who continue to arrange social events for parents and pupils and fundraise for the benefit of the pupils, which includes sporting equipment and maintenance of the School van. The governors are extremely grateful for the energetic and enthusiastic activities of these parents whose efforts add significantly to the facilities in the School.

Investment Performance
Surplus funds are kept in suitable interest-bearing accounts, with £19,574 (2022: £1,377) being received in interest during the year.

Results
The results for the year show income from tuition fees of £4,192,035 (2022: £4,083,817) and a net profit of £44,948 (2022: net profit of £334,090). This gives a surplus to carry forward of £2,690,488 (2022: £2,645,540) of which £2,635,189 (2022: £2,590,242) is in the General fund and £55,299 (2022: £55,299) is in the Development fund.

Scholarships, bursaries and discounts totalled £343,740 (2022: £377,130) of which bursaries and scholarships amounted to £290,606 (2022: £321,742) and discounts £53,134 (2022: £55,388). The Bursary scheme is available for pupils whose parents are having financial difficulty and each case is assessed separately giving particular attention to the benefits of the child. Scholarships are given to exceptional students and are awarded to pupils in Years 3, 5, 7 and 9, both external and internal, following successful completion of the Scholarship exam.



THE RESERVES POLICY

The policy of the governors is to maintain adequate free reserves by means of appropriate financial management consistent with the development and improvement of the resources of the School.

The level of reserves is reviewed at least annually.

COMMUNITY RELATIONS AND CHARITABLE DONATIONS


KINGSWOOD HOUSE SCHOOL TRUST LIMITED (REGISTERED NUMBER: 00770891)

REPORT OF THE TRUSTEES
for the year ended 31 August 2024

During the year many charities approach us to support their needs. It is our policy to support charities that work with children, whenever we can. Our main fundraising comes from our "House Days". The boys in each House put forward and spoke to their peers and staff members about charities that they felt passionate about and the House voted on one they would like to support. They organised a fun day with activities and games at lunch time. Last academic year, we supported Great Ormond Street Hospital, Children in Need, the NSPCC and Love me Love my Mind, a small charity based in Epsom which aims to promote better understanding of mental health and to support the wellbeing of everyone in the community.

In addition to House Days, we supported various other charities throughout the year:

Young Minds - Mental Health Awareness Day
They endeavour to fight for children and young people's mental health. They want to see a world where every young person who is struggling feels able to reach out and has people and services around them who can really help.

Macmillan - Staff Coffee Morning
Since Douglas Macmillan founded the charity in 1911, they have grown to be the UK's leading source of cancer support, helping more and more people living with cancer.

Age Concern - Harvest Festival
Age Concern is a local independent community charity who are focused on empowering older people to live the most fulfilling lives they can. They provide many services including information and advice, medical transport, foot clinic, social support and befriending to those who feel isolated and lonely.

Save the Children - Christmas Jumper Day
In the UK and around the world we make sure children are safe and healthy. Save the Children support them to learn, grow and become who they want to be. They lead the way on tackling problems like pneumonia, hunger and protecting children in war, while making sure each child's unique needs are cared for.

The Alternatives Trust - Christmas Collection
The Alternatives Trust East London is a small charity that empowers vulnerable families to transform their lives. A small dedicated team gives long-term, intensive support to women and their children.

Save the Children - Christmas Jumper Day
Save the children make sure children in the UK and around the world are safe and healthy. They support children to learn, grow and become who they want to be. They lead the way on tackling problems like pneumonia, hunger and protecting children in war.

Show Racism the Red Card (SRtRC) - Wear Red Day
SRtRC is the UK's leading anti-racism educational charity.

The Royal British Legion - Poppy Appeal

The Princes' Trust - Coronation Mufti Day
HM The King is dedicated to improving the lives of disadvantaged young people in the UK.

Barnabus - Year 9 Enterprise Fair
Barnabus is a charity which supports homeless people in Manchester.

Comic Relief Turkey Earthquake - Red Nose Day

PUBLIC BENEFIT

The governors have complied with the duty required by the Charities Act 2011 with regard to the public benefit guidance published by the Charities Commission.

As an important part of the School's functions we audit on an annual basis the public benefit provided by our School.

1. During the School year from September 2022 to August 2023 we educated 253 children.

KINGSWOOD HOUSE SCHOOL TRUST LIMITED (REGISTERED NUMBER: 00770891)

REPORT OF THE TRUSTEES
for the year ended 31 August 2024


2. The standards of our education are reviewed against national benchmarks and our education exceeds those benchmarks.

The School has a special interest in educating children with special educational needs, including dyslexia, speech and language difficulties and gifted children, and is recognised as providing tuition in this area, which is excellent by national standards. We educated 34 children in the year who have an Education and Health Care Plan, 20 of whom have their School fees paid for by the relevant County Council. We are a member of The National Association of Gifted Children and are registered with Crested (Council for the Registration of Schools teaching dyslexic pupils).

3. As a matter of policy, we provide access to our education to children from less affluent backgrounds. In the past year we have provided financial help to 62 pupils in the School, at a cost of, £347,739.60 which includes discount given to siblings of £16,007. Bursaries amount to 5% of the total fee income.

4. We have given places to 3 boys from the Ukraine on a full bursary.

5. We ran holiday activity courses for 8 weeks during the year for our pupils, their family, friends and neighbours.

6. We share sports and other facilities with local schools and members of the general public.

7. We have a good relationship with local groups/clubs/schools who allow us the use of their facilities.

8. We contribute to the local community in a variety of ways:

" We support the Royal British Legion by selling poppies prior to Remembrance Day.
" Produce from our annual Harvest Festival is given to Age Concern.
" We invite local residents for a coffee morning each year.
" We support many local businesses by using their services such as builders, roofers, plumbers and electricians.
" We use the services of many local business for training which includes minibus and fire training.
" Food and clothing is donated to the Leatherhead night shelter.
" We support a variety of local charities by raising money in House Days and other charitable days.
" We have formed links with a school in Lungi, Sierra Leone, and have donated furniture, equipment, books and money.
" Year 6 pupils attend a multi-agency Child Safety event at the Epsom Grandstand annually.
" Our PSHE Programme brings in the members of the community.
" Year 9 benefit from a business enterprise programme.
" We hold an annual Sixth Form Evening to which local schools and colleges are invited.
" Pupils explore the local community as part of their fieldwork studies.
" We hold a special 'Open Day' especially for Grandparents.
" The Governors play a pro-active part in the daily life of the school.
" We accept and monitor students from local schools doing work experience.
" We accept placements from local universities for students on teaching degree courses and allow students to observe teaching prior to completing teacher training.
" We accept placements for students to complete an independent PGCE from Buckingham University.


FUTURE PLANS

The key objective for the next few years is to continue to provide an attractive and competitive high-quality education. The continued development of co-education and the growth of the 11 to 16 age group in particular, will go a long way towards achieving this long held ambition.

Ensuring that the arrival of a new Headmaster maintains the momentum of recent years is clearly important in the School achieving its vision. Matthew will undoubtedly bring new energy, drive and commitment, and the governors are confident that the next few years will continue to be exciting ones for the School.

GOVERNORS' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS


KINGSWOOD HOUSE SCHOOL TRUST LIMITED (REGISTERED NUMBER: 00770891)

REPORT OF THE TRUSTEES
for the year ended 31 August 2024

The governors are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The purpose of this statement is to distinguish the governors' responsibilities for the accounts from those of the auditors as stated in their report.

Company law requires the governors to prepare financial statements for each financial year. Under company law the governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

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

o Select suitable accounting policies and then apply them consistently
o Observe the methods and principles in the Charities SORP
o Make judgements and accounting estimates that are reasonable and prudent
o State whether applicable accounting standards have been followed, subject to any material departures discovered and explained in the financial statements
o Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation

The governors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The governors are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00770891 (England and Wales)

Registered Charity number
312044

Registered office
Kingswood House School
56 West Hill
Epsom
Surrey
KT19 8LG


KINGSWOOD HOUSE SCHOOL TRUST LIMITED (REGISTERED NUMBER: 00770891)

REPORT OF THE TRUSTEES
for the year ended 31 August 2024

Trustees
J Bourne
H Bowen-Perkins
L S Culm
J R Evans (resigned 31.8.24)
R Johnstone
A G Law (resigned 24.11.24)
A R Matthews
R B G Laudy
M H Scott
H L Bowen-Perkins Teacher (appointed 30.8.24)

Auditor
Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Kingswood House School Trust Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

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

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditor is unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

AUDITOR
The auditors, Shaw Gibbs Audit Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 21 May 2025 and signed on its behalf by:





J R Evans - Trustee

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
KINGSWOOD HOUSE SCHOOL TRUST LIMITED

Opinion
We have audited the financial statements of Kingswood House School Trust Limited (the 'charitable company') for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

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

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

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

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

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditor thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
KINGSWOOD HOUSE SCHOOL TRUST LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
KINGSWOOD HOUSE SCHOOL TRUST LIMITED


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

The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including compliance with the Charity Act 2011, data protection, child protection, anti-bribery, health and safety and food hygiene legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting the accounting records and legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions:
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation:
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with the Charity Commission, and the charity's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditor.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
KINGSWOOD HOUSE SCHOOL TRUST LIMITED


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




Lance Redman (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY

23 May 2025

KINGSWOOD HOUSE SCHOOL TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 August 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 122 - 122 129

Charitable activities 5
Tuition fees 4,132,155 - 4,132,155 4,192,035

Other trading activities 3 100,729 - 100,729 108,423
Investment income 4 26,593 - 26,593 22,078
Total 4,259,599 - 4,259,599 4,322,665

EXPENDITURE ON
Charitable activities 6
Teaching 2,417,441 - 2,417,441 2,395,836
Catering 230,175 - 230,175 223,901
Premises 871,719 - 871,719 722,913
Support 996,795 - 996,795 935,067
Total 4,516,130 - 4,516,130 4,277,717

NET INCOME/(EXPENDITURE) (256,531 ) - (256,531 ) 44,948


RECONCILIATION OF FUNDS
Total funds brought forward 2,635,189 55,299 2,690,488 2,645,540

TOTAL FUNDS CARRIED FORWARD 2,378,658 55,299 2,433,957 2,690,488

KINGSWOOD HOUSE SCHOOL TRUST LIMITED (REGISTERED NUMBER: 00770891)

BALANCE SHEET
31 August 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 12 804,494 - 804,494 804,494
Tangible assets 13 1,720,947 - 1,720,947 1,883,741
2,525,441 - 2,525,441 2,688,235

CURRENT ASSETS
Debtors 14 204,532 - 204,532 348,847
Cash at bank and in hand 1,135,835 55,299 1,191,134 907,115
1,340,367 55,299 1,395,666 1,255,962

CREDITORS
Amounts falling due within one year 15 (956,402 ) - (956,402 ) (648,897 )

NET CURRENT ASSETS 383,965 55,299 439,264 607,065

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,909,406

55,299

2,964,705

3,295,300

CREDITORS
Amounts falling due after more than one year 16 (530,748 ) - (530,748 ) (604,812 )

NET ASSETS 2,378,658 55,299 2,433,957 2,690,488
FUNDS 19
Unrestricted funds 2,378,658 2,635,189
Restricted funds 55,299 55,299
TOTAL FUNDS 2,433,957 2,690,488

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 21 May 2025 and were signed on its behalf by:





J R Evans - Trustee

KINGSWOOD HOUSE SCHOOL TRUST LIMITED

CASH FLOW STATEMENT
for the year ended 31 August 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 377,166 176,131
Interest paid (20,789 ) (21,892 )
Net cash provided by operating activities 356,377 154,239

Cash flows from investing activities
Purchase of intangible fixed assets - (804,494 )
Purchase of tangible fixed assets (53,369 ) (44,870 )
Interest received 25,348 19,574
Net cash used in investing activities (28,021 ) (829,790 )

Cash flows from financing activities
Loan repayments in year (44,337 ) (43,235 )
Net cash used in financing activities (44,337 ) (43,235 )

Change in cash and cash equivalents in
the reporting period

284,019

(718,786

)
Cash and cash equivalents at the
beginning of the reporting period

907,115

1,625,901
Cash and cash equivalents at the end of
the reporting period

1,191,134

907,115

KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE CASH FLOW STATEMENT
for the year ended 31 August 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2024 2023
£    £   
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)

(256,531

)

44,948
Adjustments for:
Depreciation charges 216,163 200,459
Interest received (25,348 ) (19,574 )
Interest paid 20,789 21,892
Decrease/(increase) in debtors 144,315 (48,433 )
Increase/(decrease) in creditors 277,778 (23,161 )
Net cash provided by operations 377,166 176,131


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.23 Cash flow At 31.8.24
£    £    £   
Net cash
Cash at bank and in hand 907,115 284,019 1,191,134
907,115 284,019 1,191,134

Debt
Debts falling due within 1 year (44,362 ) (1,770 ) (46,132 )
Debts falling due after 1 year (412,162 ) 46,107 (366,055 )
(456,524 ) 44,337 (412,187 )
Total 450,591 328,356 778,947

KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the agreement of a new lease on the property referred to in note 17 to these financial statements.

Fee income
Fees of the charity consist of charges for the year to parents for tuition and lunches, less bursaries, scholarships and allowances. Where fees are invoiced in advance for a future period, these are shown in creditors.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Teaching blocks & lab - 5% on cost
Resurface to play area - 33% on cost
Astro turf - Straight line over 7 years
Car park & field - 5% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

1. ACCOUNTING POLICIES - continued


Fee Debtors
Fee debtors represent fees invoiced for the year, which remain unpaid as at the year end, and do not include fees outstanding for a future period although they may have been invoiced before the year end, but remain unpaid at that date.

Students' personal computer equipment
The School acquires a personal tablet on behalf of each pupil in years 7 - 10 and year 11 pupils will retain their personal tablet until they leave in the summer. This policy changed in September 2022 and the whole cost of the personal tablets are collected on the first term's fees. Amounts due to the school under this arrangement are included in other debtors.

In previous years, The School acquired a personal tablet on behalf of each pupil in year 9 and above and the cost was recovered over the following three years. Amounts due to the school under this arrangement are included in other debtors.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 122 129

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Extras and entrance fees 67,181 66,226
Activities week 29,838 36,693
Government grants 3,710 5,504
100,729 108,423

4. INVESTMENT INCOME
2024 2023
£    £   
Rents received 1,245 2,504
Deposit account interest 25,348 19,574
26,593 22,078


KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

5. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
General tuition Tuition fees 4,090,084 4,174,456
Support fees Tuition fees 383,983 361,319
Scholarships and bursaries Tuition fees (341,912 ) (343,740 )
4,132,155 4,192,035

6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£    £    £   
Teaching 2,417,441 - 2,417,441
Catering - 230,175 230,175
Premises - 871,719 871,719
Support - 996,795 996,795
2,417,441 2,098,689 4,516,130

7. SUPPORT COSTS
Governance
Management Finance Other costs Totals
£    £    £    £    £   
Catering - - 230,175 - 230,175
Premises - - 871,719 - 871,719
Support 930,841 2,622 - 63,332 996,795
930,841 2,622 1,101,894 63,332 2,098,689

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Auditors' remuneration 10,000 9,000
Depreciation - owned assets 216,163 200,458
Other operating leases 296,480 213,902


KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.


10. STAFF COSTS

2024 2023
£    £   
Wages and salaries 2,274,619 2,233,732
Social security costs 204,000 202,699
Teachers' pension contributions 283,434 230,528
Stakeholder pension costs 88,752 58,767
Health insurance 11,907 11,286
2,837,711 2,737,012

The average monthly number of employees during the year was as follows:

2024 2023
Teaching 59 63
Administration 23 14
Domestic 6 7
Premises 1 3
89 87

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
£60,001 - £70,000 3 4

The aggregate remuneration for key management personnel paid during the year was £405,772 (2023: £469,656)


KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 129 - 129

Charitable activities
Tuition fees 4,192,035 - 4,192,035

Other trading activities 108,423 - 108,423
Investment income 22,078 - 22,078
Total 4,322,665 - 4,322,665

EXPENDITURE ON
Charitable activities
Teaching 2,395,836 - 2,395,836
Catering 223,901 - 223,901
Premises 722,913 - 722,913
Support 935,067 - 935,067
Total 4,277,717 - 4,277,717

NET INCOME 44,948 - 44,948


RECONCILIATION OF FUNDS
Total funds brought forward 2,590,241 55,299 2,645,540

TOTAL FUNDS CARRIED FORWARD 2,635,189 55,299 2,690,488

12. INTANGIBLE FIXED ASSETS
Option
fee
£   
COST
At 1 September 2023 and 31 August 2024 804,494
NET BOOK VALUE
At 31 August 2024 804,494
At 31 August 2023 804,494


KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

13. TANGIBLE FIXED ASSETS
Teaching Resurface
Study blocks & to play Astro
centre lab area turf
£    £    £    £   
COST
At 1 September 2023 192,288 2,630,990 28,055 112,999
Additions - 6,300 - -
At 31 August 2024 192,288 2,637,290 28,055 112,999
DEPRECIATION
At 1 September 2023 192,288 995,430 - 48,429
Charge for year - 131,476 9,352 16,143
At 31 August 2024 192,288 1,126,906 9,352 64,572
NET BOOK VALUE
At 31 August 2024 - 1,510,384 18,703 48,427
At 31 August 2023 - 1,635,560 28,055 64,570

Fixtures
Car park and Computer
& field fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 67,626 126,891 61,839 3,220,688
Additions - 5,195 41,874 53,369
At 31 August 2024 67,626 132,086 103,713 3,274,057
DEPRECIATION
At 1 September 2023 23,575 29,806 47,419 1,336,947
Charge for year 3,382 30,622 25,188 216,163
At 31 August 2024 26,957 60,428 72,607 1,553,110
NET BOOK VALUE
At 31 August 2024 40,669 71,658 31,106 1,720,947
At 31 August 2023 44,051 97,085 14,420 1,883,741


KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Fee debtors 83,273 136,352
Other debtors 11,308 31,361
Prepayments and accrued income 109,951 181,134
204,532 348,847

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 17) 46,132 44,362
Trade creditors 70,366 84,176
Other creditors 18,225 35,060
Fee deposits 35,950 25,800
Fees paid in advance 733,196 427,326
Accrued expenses 52,533 32,173
956,402 648,897

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 17) 366,055 412,162
Fee deposits > 1 year 164,693 192,650
530,748 604,812

17. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank loans 46,132 44,362
Amounts falling between one and two years:
Bank loans > 1 year 366,055 412,162

The charity has a loan with the following summarised terms:




Remaining term
of loan
Interest rate
payable per
annum

Loan repayments
in next year
Total amount of
loan drawn at 31
August 2024
Total amount of
loan drawn at 31
August 2023
£    £    £   
Senior school loan 9 years 2.6% 32,680 360,620 391,671

The rate of interest payable on the loan will be a fixed rate (2.6% per annum) until the review date which is 10 years after the date the loan is borrowed. The rate of interest payable on the loan from the "review date" will be based on the base rate plus 2.8% per annum.

The bank loan is secured on the assets of the charitable company.

KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

18. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 2023
£    £   
Within one year 326,215 313,697
Between one and five years 1,144,388 1,126,233
In more than five years 2,268,000 2,520,000
3,738,603 3,959,930

Payments of £231,500 (2023: £168,500) were made during the year in relation to the rental of the school buildings and £44,933 (2023: £28,812) for the lease of the school minibuses.

19. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 2,635,189 (256,531 ) 2,378,658

Restricted funds
Development fund 55,299 - 55,299

TOTAL FUNDS 2,690,488 (256,531 ) 2,433,957

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 4,259,599 (4,516,130 ) (256,531 )

TOTAL FUNDS 4,259,599 (4,516,130 ) (256,531 )


KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 2,590,241 44,948 2,635,189

Restricted funds
Development fund 55,299 - 55,299

TOTAL FUNDS 2,645,540 44,948 2,690,488

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 4,322,665 (4,277,717 ) 44,948

TOTAL FUNDS 4,322,665 (4,277,717 ) 44,948

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.

21. RESTRICTED FUNDS

Donations continued for the development foundation. The purpose of the foundation is to provide funds for additional developments in the school, particularly to enable a sports hall and a swimming pool to be built in the future.

22. LEGAL STATUS

The trust is a charitable company limited by guarantee incorporated in England and Wales, and has no share capital. The liability of each member in the event of winding-up is limited to £1.


KINGSWOOD HOUSE SCHOOL TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

23. STUDENTS' PERSONAL COMPUTER EQUIPMENT

The accounting policy as referred to in note 1 was introduced in the year to 31st August 2021.

24. OPTION FEE

The Company entered into Option Agreements to purchase the School site in 2023. The legal fees associated with entering into the Option Agreements and related documents were £54,494.26 (including VAT and disbursements).