Financial Summary
Financial report 2026

Our total income for the year to 31 August 2026 was £436k, £68k over budget. This included income from schools of £382k, LA linked income of £50k and £4k from Hounslow Promise for the Christmas present campaign. In addition to membership fees of £182k, income from schools included £72k Fair Access, £75k for Training and CPD, £51k for Primary Peer Challenge and £2k for the National Year of Reading Conference. LA income comprised £50k to support Joint Practice Development.
Costs of sale were £421k, comprising staff costs of £217k, partnership meeting costs of £27k and £177k that is directly attributable to specific income streams. This was down £46k against the budget.
General overheads were £51k, £6k over budget.
The full-year position is a net deficit of £36k, against a budgeted deficit of £144k. Unspent balances of £119k are held as ring-fenced funds within the overall carry forward of £249k. These include Fair Access income and VRU grant. The uncommitted carry forward is largely aligned with the budget at £130k against a budget of £131k.
The majority of HEP income streams are exempt from corporation tax and we do not expect to incur a tax liability for the year ended 31 August 2026.
Note: These figures are based on those to be included in the full, audited accounts for the year ended 31 August 2025. The full Annual Report and Accounts will be made available via the HEP website once published. See below for link to Annual Report and Accounts filed for 2024.
Annual Report and Accounts 2025
HEP board meeting finance schedule for 2026/27
- AGM planning – Sept board meeting
- Commercial Strategy for 2026-29 – Dec board meeting
- Draft 3 year budget – Feb board meeting
- Approval of budget – March board meeting
- Preview of 27/28 planning – June board meeting












































































