Contents of the Financial Statements

for the Period Ended 31 July 2025

Directors' report period ended 31 July 2025

The directors present their report with the financial statements of the company for the period ended 31 July 2025

Directors

The directors shown below have held office during the whole of the period from
1 August 2024 to 31 July 2025

The directors shown below have held office during the period of
22 March 2025 to 31 July 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 November 2025

And signed on behalf of the board by:
Name: Nicholas Beart
Status: Director

Profit And Loss Account

for the Period Ended 31 July 2025

Balance sheet

As at 31 July 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 July 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 July 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  TANGIBLE FIXED ASSETS Depreciation is provided on all tangible fixed assets on a straight line basis from the time they are available for use, other than freehold land, at rates and bases calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Property improvements Sport facilities (Astro Turf and Sports Hall) Furniture and equipment Computer equipment Portraits Motor Vehicles 15 – 25 years 10 years (25 years) 3 – 10 years 3 years 50 years 25 years Items of a capital nature are reviewed for their purpose and are capitalised where they are considered to provide an on-going use to the charity.

  Other accounting policies

  BASIS OF PREPARATION The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Companies Act 2006 and the 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) (2nd Edition). The functional currency of the School is considered to be GBP because that is the currency of the primary economic environment in which the School operates. The School is a Public Benefit Entity registered as a charity in England and Wales and a company limited by guarantee (company number: 03419744 and charity number: 1066420). The financial statements are prepared under the historical cost convention. GOING CONCERN The Governors manage and monitor the reserves of the School on a termly basis and review the availability of cash via management accounts and regular cash flow forecasts prepared by the Bursar. Financial Budgets and forecasts have been prepared for the period to December 2026. The Governors have set a policy of accumulating a cash reserve to ensure that there are sufficient liquid funds available to meet any shortfall arising from short term fluctuations in its income and expenditure operating models and to give sufficient time to take the necessary corrective action. Meanwhile an overdraft facility continues to be in place. The Governors will continually monitor the cash requirement of the School and work towards increasing the cash holding to the desired level and, in parallel, reducing the overdraft facility. As such, in making their going concern assessment the Governors have considered a period of at least 12 months following the date of approval of this report and determined that there are no material uncertainties about the School’s ability to continue as a going concern. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the accounting policies, Governors are required to make judgement, estimates, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods. Judgements made by the Governors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are deemed to be in relation to the depreciation rates of tangible fixed assets and are discussed below. In the view of the Governors, no assumptions concerning the future or estimation uncertainty affecting assets or liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year. FEES AND SIMILAR INCOME Fees receivable and charges for services and use of premises (including non-refundable deposits) are accounted for in the period in which the service is provided. Registration fees are accounted for when received. TRADING INCOME Trading income from the letting of the school buildings and grounds is included when receivable. DONATIONS AND GRANTS Donations are accounted for as soon as their amount and receipt are virtually certain. GIFTS IN KIND Gifts received are recorded as income at estimated market value and capitalised where appropriate at the value in use of the asset. 19 St Ronan’s School (Hawkhurst) Company registration number: 03419744 Accounting policies as at 31st July 2025 EXPENDITURE Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of raising funds are those costs associated with generating incoming resources from all sources other than from charitable activities. The Charity undertakes the running of the school and as such education, premises and the majority of administrative expenses are treated as direct charitable expenditure. Other indirect expenditure has been classified separately. Supplies of games equipment, books, and stationery and sundry materials are matched to the academic year of use. Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. PENSION SCHEMES Retirement benefits to teaching employees of the School are provided by the Teachers’ Pension Scheme. This is a defined benefit scheme which is individually funded and contracted out of the State Earnings Related Pension Scheme. Employer’s contributions to the scheme are charged to the statement of financial activities so as to spread the cost of pensions over employees’ working lives with the School in such a way that the pension cost is a substantially level percentage of present and future pensionable payroll. The contributions are determined by qualified actuaries on the basis of quinquennial valuations, using a prospective benefit method. Retirement benefit s to employees are also provided to non-teaching staff by the Pensions Trust. This is a multi - employer defined contribution scheme (with some guarantees) and contributions are charged to the Statement of Financial Activities when payable. The Charity operates a defined contribution pension scheme for non- teaching staff. The assets of the scheme are held separately from those of the Charity. The annual contributions payable are charged to the statement of financial activities. The Charity operates the School’s APTIS scheme for those not included within the TPS, this scheme is treated under the provisions of FRS 102 as applied to multi-employer defined benefits schemes, both schemes are treated as defined contributions schemes and costs are charged as incurred. OPERATING LEASES Rentals paid under operating leases are charged to income in the period to which the rental relates. VALUE ADDED TAX (VAT) The School registered for VAT on 1st January 2025. All amounts in the financial statements are shown exclusive of VAT, where applicable. CORPORATION TAX St Ronan’s School (Hawkhurst) is a registered charity and as such its income and gains falling within Sections 471 to 489 of the Corporation Taxes Act 2010 or Section 256 of Taxation of Chargeable Gains Act 1992 are exempt from corporation tax to the extent that they are applied to its charitable objectives. SCHOLARSHIPS AND BURSARIES Scholarships and bursaries are awarded by the Awards Committee and are allocated on a means- test basis and are accounted for in the period to which the award relates. 20 St Ronan’s School (Hawkhurst) Company registration number: 03419744 Accounting policies as at 31st July 2025 TANGIBLE FIXED ASSETS Depreciation is provided on all tangible fixed assets on a straight line basis from the time they are available for use, other than freehold land, at rates and bases calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Property improvements Sport facilities (Astro Turf and Sports Hall) Furniture and equipment Computer equipment Portraits Motor Vehicles 15 – 25 years 10 years (25 years) 3 – 10 years 3 years 50 years 25 years Items of a capital nature are reviewed for their purpose and are capitalised where they are considered to provide an on-going use to the charity. FINANCIAL INSTRUMENTS Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised with the exception of investments which are held at fair value. Financial assets held amortised cost comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes and provisions. DEBTORS Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. CASH AT BANK AND IN HAND Cash at bank and cash in hand includes cash and short term highly liquid investments. CREDITORS AND PROVISIONS Creditors and provisions are recognised where the School has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. STOCKS Stocks are valued at the lower of cost and net realisable value. RESERVES Restricted funds arise periodically and are used for specific purposes. The restriction arises by the donor or when the funds are raised for a specific purpose. Unrestricted funds are all other incoming resources for the objects of the charity without further specified purpose and are available as general funds.

Notes to the Financial Statements

for the Period Ended 31 July 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	119	129