Charity registration number 1022427
Company registration number 00838325 (England and Wales)
THE HAMMOND SCHOOL LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

THE HAMMOND SCHOOL LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
K H Cowell
J M Devoy
C E Penny
D A Silcock
A Sutton
P J Edgington
A F McGladrigan
Mr T O Matthews
(Appointed 26 February 2024)
Secretary
J M Devoy
Principal
J Roscoe
Charity number
1022427
Company number
00838325
Registered office
Hoole Bank House
Manning5 Lane
Chester
CH2 4ES
Audltor
Champion Accountants LLP
2nd Flwr Refuge House
33-37 Watergate Row
Chester
CH12LE

THE HAMMOND SCHOOL LIMITED
CONTENTS
Page
Trustees, report
Independent auditorfs report
12-14
Statement of financial activities
15
Balance sheet
16
statement of cash flows
17
Notes to the financial statemants
18-30

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JULY2024
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's goveming document. the Companies Act 2006 and
"Accountlng and Reporting by Charilies: 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)" (as amended for accounting periods Commencing from 1 January 2019).
We present the Annual Report and Accounts for the Academic year 202312024. The directors, report is included
as part of the annual accounts as required by company law. The accounts were approved by the board al the
Annual General Meeting on 5 December 2024.
Dlrectors, Report
This has been an outstanding year of growth and consolidation. The incredible work of our leadership team in
conjunclion with expert panel members SUPPOrted by detailed research by our course leaders has ensured that
with have a curriculum that meets the demands of an ever-evolving creative industry. This equips our students
and prepares them with skills to deliver in the competitive world of work beyond their time at The Hammond.
All the work over the recent years and the changes introduced in this academic year were tested in March 2024
when The Hammond School underwent a rigorous Ofsted inspection. The Hammond achieved an Outstanding
grade across all four categories. On behalf of the board I have congralulated the senior leadership team on this
richly deserved outcome recognising Ihe hard work determination and vision of a greal team. The Inspectors
made several positive references to the culture of the school and the wellbeing of our students, all of which
remain5 our top priority.
Our mission is to uphold the highest academic standards at The Hammond. Our GCSE and GCE results once
again surpassed national averages across all subjects and students have benefilled from a range of additional
qualifications including Lamda and the London College of Music awards.
The school remains committed to increasing its involvement in a wide range of communty based projects and
enrichment opportunities. These projects which cover a range of activities. such as Duke of Edinburgh Awards
schemes and the Ethics Cup competitions. are very beneficial to both the local and wider community as well as
being extremely rewarding for the staff and students who take part. Students continue to support several
charities through a variety of fvndraising events. In June, the Hammond Community Appreciation Day was an
opportunily for the students to better understand the role of charity. volunteers, and Community networks in our
society. A number of representatives from a range of local charitses and voluntary organisations were invited to
the school.
This enables our students to thrive, and l am delighted to report that all students who graduated from The
Hammond College this year have signed with top-tier agents and are already socuring employment within their
hosen field.
The Board takes its fiscal responsibilTknes extremely seriously. I would like to put on record the Boards
appreciation of our partnership with Barclays Bank. Barclays continue to support us in our plans for our site as
we develop and improve our estale.
The Board of Directors wish to put on record our thanks to our facilities team for the amazing dedication,
resilience and skills they demonstrated in providing a safe and inviting environment for students and staff.
The team continue wth the programme of work on the school site to ensure our buildings are safe and fit for
purpose
As a Board. we take very seriously. our role. both in temis of safeguarding and our holistic approach to the
wellbeing of our students. The Hammond's 'Every Body, movement continues to grow and evolve, led by
Hammond Parliament students it is very much in response to the demands placed on young people in the
performance industry. The movement has developed with student leadership and again demonstrates how
forward-thinking, innovative. and caring The Hammond is. Crucially, we listen. In response to some issues raised
by our students the Board authorised the purchase of a wellbeing centre lo provide a space dedicated to our
student5. away from the classroom to receive specialist care and advi￿.

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
As a Board we are always keen to hear the voice and opinlons of our students. We start every Board meeting
with a presentation from a group of our students. This may take the form of a perfomiance or a discussion about
how we as a Board can work to enhance their experience as students. Our students are never shy aboul sharing
their views and opinions and they have influenced our thinking in the way we use our discretionary spending
throughout the year.
Of course. as a Board we actively manag&d our finances. The school continues to receive three government
funding streams. The Dance and Drama Award (DaDA} from the Education Funding Agency supports tha
school's post-16 provision while the Music and Dance Scheme (MDS) which comes directly from the Department
for Education, does the same for under-165. Thirdly, the Higher Education Funding Council of England {HEFCEI,
n respect of the Chester University accredited BA degree course in Musical Theatre Performance.
The October budget confirmed the new govemment's intention to change the VAT legislation making
Independenl School fees subject to VAT with effect from 1 January 2025.
This change has far reaching implications for both the finances of the school and the day to day operation and
administration of its financial management. This is further complicated by the absence of Glear guidan￿ for
specialist MDS schools, the small minority of Independent Sch(yJls receiving govemmenl grant funding for music
and dan￿ education. of which The Hammond is one.
A lot of detailed work has been undertaken already to ensure the school remains in a robusl financial position in
the short, medium and long-temi and fully complies with the new legislative requirements.
While the board recognises the importance of minimising the financial impact on the school's students and their
families il is also very cognisanl of the overriding duty to ensure that the school's financial siability is not
jeopardised and the school is able to continue to provide the high standards of education to all its students.
This year, the board has supported purchasing and equipping a new Wellbeing Centre and updating Ihe school
estate as much as it can.
Yet again in the preparation of this Annual Report. l am reminded of the continued excellence and reputstion of
The Hammond. The directors recognise that it is the hard work, commitment and dedication of the colleagues
who work at The Hammond who make this possible. As a Board we resped the professionalism. hard work. and
dedication to help sludenls fulfil their goals and ambitions.
Hlstory and Development
As a Board we are ever mindful of the history and traditions of the school. Indeed. the celebration of its centenary
in 2017 marked a new phase in the modernisation of the school whilst respecting the vision and ambition that
had led to the development of the school to thal landmark 100 years anniversary. As we look to the 110
Anniversary of the Hammond, th& board are committed lo providing a modern thriving environment for our
students.
The school comprises 3-year groups from the age of 11 to 16 (the school) and. in addition to the provision of the
full national curriculum key stage 3 and 4 subjects, broadens the music and dance curriculum further. A similarly
extensive range of extra-curricular activities is offered lo our school students.
The College takes boys and girls aged 16+ In addition to Iheir vocational training, students are offered a wide
range of educational options, again of the highest standard. for those students who wish to continue to pursue
further academic qualifications.
Our 18+ provision offers a BA Honours Course linked with the Universty of Chester.
Objectives and activities
The Hammond continues to provide education for young people in the performing arts. It helps students
belween 11 and 21 plus develop the skills. knowledge and Confiden￿ necessary for their future.

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
The school's caring and supportlve ethos, where the welfare and development of the indrvidual is of the utmost
importance, is one of ils real strengths. This together with the school's enviable academic and specialist dance,
music and drama results place it in a pre-eminent position within the region and nationally. The school attracts
both local day sludents and boarders from all parts of the UK. and several international students.
Our school continues to welcome pupils from all backgrounds. An individual's economic status, gender, ethnicity.
race, religion, or disability do nol forni part of our entrance assessment criteria. It is important to U5 that access
lo the education we provide is not restricted to those who can afford fees. Our Bursary Policy enables access by
hildren of families who mighl otherwise nol be able to afford the fees and our Outreach Programme enablas
access to our facilities by the wider community.
The school operates a limited bursary scheme. The school's Board and senior management team assess
students for grant funding and other financial support. on a case-by-case basis, taking inlo account bolh the
student's talent and the financial circumstances of the family. The aim is to ensure that the policy of welcoming
students from all backgrounds described above, is met.
The school continues to produce well-educated. rounded individuals. with the life skills to take their places as
contributing members of sO￿etY. Self-discipline and self-molivation are stressed, and the school expects the
students to be its ambassadors. setting high slandards of behaviour in the eyes of the public.
Every pupil attending The Hammond receives a high-quality academic education, tailored to the individual.
Dance sludenls have full vocational training. specialising as necessary, according to the ialents and aspirations
of the individual. Drama student5 are offered an extensive and varied drama supplement to their general
academic education. All students have regular opportuniiies to perfonn publidy and to develop their individual
ialents fully.
The school works closely with all parents and activety involves them in the progress of their children. The Parent
Teacher and Friends Associalion is an important body in this respect. The school also seeks to ensure that equal
opportunitie5 are available to all staff for training, professional development and promotion. The school complies
with disabilty legislation. All the School's activtties are undertaken with due regard to the wider public benefit.
More information on significant activities to achieve these objectives can be found in the Principal's Review of the
Year.
Principal Risks and Uncertainties
The Hammond, like any other organisation, is subject to a range of potential risks and uncertaintles which can
have an impact on future performance to a greater or lesser degree. Of these risks and uncertainties some
annot be anticipated and as a result, no financlal management tool can cater for these. However. identifying
risks and planning for uncertain future events enables the organisation to react more quickly to mitigate risks
when they arise as well as reducing the risk in the first instance.
During the year the Board has continued to develop and embed systems of internal control and risk managément
which are designed lo provide an effective govemance framework to proted the school's assets and reputation.
The Board has continued its annual review of the school's business plan to identify the risks to which it is
exposed and to idenlify the systems and procedures in place to mitigate Ihose risks. Intemal controls have been
implemented and each year the effectiveness of those controls will be reviewed. As well as an annual review,
the Board will also consider during the course of the year any risks which might emerge as a rasull of new areas
of work being undertaken by the school.
The work currently being undertaken by the school specffically regarding the business plan has confirmed that
the key risks and uncertainties identified in previous years ￿rna1n unchanged. These are set oul below logether
with the actions taken or planned to mitigate the financial impact.
Reduction in student numbers. The school continues to adapt its strategies to this challenge, wtth
significant SUGGess over the last 3 years.
The successful launch of the BA course. in conjunclion with the University of Chester, has seen a
significant boost lo school numbers. Work is ongoing to continuously improve the offering of the
Hammond, to ensure a conlinued flow of undergraduates.

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Reductions in available grant funding is a major threat, as scholarships funding is subject to political
and social changes. In the short term, funding of talented but undaffinanced individuals by the central
Government looks relatively secure. The school is. however. looking to build up its Bursary funding to
offer additional support or alternatives to Governmenl funding in the future.
Supply and cost of staff. The school relies on a stnaller pool of suitably qualified specialist staff than
the mainstream education sector, and so may be more at risk in this area. Despite this, th8 Hammond
continues to attract a steady supply of highquality staff.
The current cost of living crisis and econornic challenges hav8 been added to our risk register
Financial- The school has a very favourable loan facility (base rate +0.950/0) of just under £2m, fixed
in 2008 for 25 years. Increases to the bank base rate would quickly increase interest payments and
represents a risk.
General Election and a new Labour government may bring a change of policy for schools of
performing Arts and Charities.
These are the principal risks to the school. The Board believes that the previous narrative demonstrates that it is
doing everything possible at present lo miligate the key risks which are reviewed in full half yearly al board away
days. At the same time, the Board uses these meetings to review operats'onal excellence and delivery against the
five-year strategic plan
Challenges and Opportunities
The Board identifies the challenges as stated above: however. it considers there are opportunities available to
the school, including increased revenue funding from existing providers, tsrgeled growth of day students, and
general continued rationalisation of costs. The Board is also reviewing how we tap into the polential of Alumni
Membership and sponsorship to enhance the reputation of the Hammond further.
Achievements and performance
The school is recognised as a Centre of Excellence viithin the Government's Muslc and Dance Scheme (MDS).
This recognition. among other things, enables the school to help highly talented young people from a wide range
of backgrounds to realise their potential.
The school remains committed to increasing its involvement in a wide range of community-based projects. These
projects, which cover a range of activities and vary considerably in size. are very beneficial lo both the local and
widèr community as w&ll as being extremely rewarding for the staff and sludents who take part. Hammond pupils
and students continue to support several charities through a variety of fund-raising events, such as local hospice
charities, Save the Family, and organisalions that support the mental health of young people. We also continue
to work closely with Cheshire Young Carers. The Hammond also works closely with Passion for Learning charity
and Royal Manchester Children's Hospital.
This Annual Report allows the directors the opportunity. once again to express their thanks and appreciation to all
the colleagues for the work carried out within the school. The development and achievement of the students and
the resulting reputation of The Hammond would not be possible without the hard work. enthusiasm and
commitment willingly given by our exceptional team. This is something which I, as Ihe Chairman and my
colleague Board of Directors, recognise. We are immensely grateful to them.
The Directors regularly review the school's business plan both at Board and sub-committee level. The detailed
management information, forecasts and supporting documentation is an on-going part of the directors. robusl
financial and strategic plan for the school in the short to medium tem.
The school relains a close wothing relationship with its bankers who are supportive of the school's plans lo
continue to improve the provision to our students.

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Financial review
The financial year to 31 July 2024 has been one of grovAh and investment.
The financial position over the last five years is summarised below:
2024
331
£000
5,848
1.909
3.939
3.278
2,354
216
-148
2023
335
£000
5,381
1,807
3,574
2,932
2,225
224
-77
2022
321
£000
5,024
2021
331
£000
4.776
1,847
2,929
3,134
1.564
78
-26
2020
324
£000
4,887
1,908
2.979
2.962
1,474
451
-36
Pupil numbers
Income
Grants received
Income less grants
Salarie5
Overheads
Operating profiV{loss)
Interest payable
Net profiV(loss) for the year
3,180
2,732
2.086
206
11111
68
147
176
52
415
Ave. conlributionlpupil
11.900
10,669
9.907
8,849
9,194
Reserves
The net asseis of the school stood at £3.11 m at Ihe end of the year. an increase of £70k compared to last year's
balance of £3.04m. Restricted funds accounted for £9.631.
The Directors are very conscious of the requirement to continually review the reserves and assets of the school
and maintain a iarget of reserves accounting for 6 months operating cosls. The Hammond's ￿SerVeS currently
account for 6.4 months of operating costs. The directors maintain vigilance over the school's finances by
reviewing a monthly finance report, including management accounts and cash reporting. The monlhly results are
reviewed at both Board and Board sub-cornmtttee levels with reference to the regularly updated rolling 3-year
forecast.
Bank balances
The School ended the year with an overdrawn bank balance of £254k, compared to an overdrawn balance of
£278k at the end of the last financial year. Outsianding mortgage debt at year-end was £2.1 m.

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Forecasts
The school maintains a rolling 3-year profit and cash flow forecast ￿lch is used by the senior management team
and board to monitor actual performance against forecast. The forecast is prepared using a rigorous
methodology consistently applied from year to year.
The forecasting methodology used in the lasl Ihree years has significantly assisted in obtaining and managing
the finance required to complete the capital projects discussed above.
The Board of directors retslns its commitment to this financial management proc8ss and is continually looklng at
ways to further refine and develop these processes.
Fundraising Activlties
The Trustees of School wish lo thank the continued support of the PTFA who are unstinting in Iheir work to
support Ihe school.
Malerial Financial Expenditure
The academic year began with the completion of the extensive boarding house refurbishment projecl allowing
our students to move in on time at the start of the new academic year. This project which cosl in excess of £1m
was part funded by an additional dedicated facility provided by our bankers. Bardays.
Plans for the Future
The Board has continued its review of the estate strategy. We recognise that with the increasing number of
students Ihere is pressure on our existing accommodation. The Board is keen to ensure that any short-temi
solutions do not adversely impact on the medium- and long-term plans to improve our real estate.
Continued improvements and updates to facilities. equipment and teathing, to provide the best
possibSe leaming experience. across all ages in the school.
Continually review pupil numbers to maintain the unique nature of the school.
Maintaining a watching brief for opportunities to further grow Ihe school in a range of ways.
Continued close involvement of the wider community to present the Hammond Experience to an &var-
increasing audience, through Productions, Outreach activities. summer school. Hammond Youth
Theatre and Hammond Associates.

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Structurey governance and management
The financial statements comply with current statutory requirements, the Memorandum and ArtiGle5 of
Association of the company and the Statements of Recommended Practice for Accounting and Reporting by
Charities (effective 1 January 2019).
The Senior Management Team is responsible for presenting the School'5 exlstlng short, medium and long-temi
stralegic plans to the Directors for approval.
The trustees. who are also the directors for the purpose of company law, and who served during the year and up
lo Ihe date of signature of the financial stalements we￿.
K H Cowell
J M Devoy
C E Penny
D A Silcock
A Sutton
P J Edgington
A F McGladrigan
I Wynne-smythe
K Newsam
Mr T O Matthews
(Resigned 30 January 2024)
{Resigned 14 October 2024>
(Appointed 26 February 2024)
The Board of Directors is responsible for the appointment of additional Directors and. in doing so, Seeks
individuals with appropriate experience and interest to provide the Board with the necessary skills and outlook
required. In response to a recommendation in the recent Inspectors Report we have recnjited a new Director with
experience in the performing arts arena. New Directors have a formal induction process, and School poliGies
are made available to all Directors.
The directors have a fomial risk management process lo assess business risks and implèment risk management
strategies. This is discussed more fully in the conduding section of this report.
The charity's internal financial and management controls confomi to the current SORP requirements and to
operational guidelines issued by the Charity Commission.
Financial Management and Control
The day-to-day financial operation of the school, the implementation of its budgets, application of the relevant
internal controls and preparation of regular financial information is the responsibility of the Finance Department of
the school, led by the Head of Finance under the supervision of the finance sub-commlttee which constitutes two
d1￿ctorS, an external finance expert, the Principal. the Head of Finance and members of the finance department.
The monthly reporting structure used in p￿VIouS years continues to be employed.
The pay of Ihe school's senior staff is reviewed annually and normally increased in accordance with average
earnings. In view of the nature of the charily, the Truslees benchmark against pay levels in its peer educalional
establishments. The Trustees believe that this policy is currently appropriate with successful recruitment in a
challenging environment. However. should this change. this benchmark would ba r8viewed by the Board and
senior management team.

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Statement of Trustees. responslbllltles
The trustees. who are also the directors of The Hammond School Limited for th8 purpose of company law, are
responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law
and United Kingdom Accountin9 Standards (United Kingdom Gen&rally Accepted AcLounting Practi￿).
Company Law requires the tnjstees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charity and of the incoming reSoUr￿S and application of resources. including
the income and expenditure. of the charitable company for that year.
In preparing these financial statements. the trustees are required to=
- select suitable accounting policies and then apply them consistently.,
- observe the methods and principles in the Charities SORP:
make judgements and estimales Ihat are reasonable and prudent"
stale whether applicable UK Accounting Standards have been followed. subject to any material departures
disclosed and explained in the financial statements- and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial posilion of the chariiy 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 charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Audltor
In accordance with the company's articles, a resolution proposing that Champion Accountants LLP be
reappointed as auditor of the company will be put at a General Meets'ng.

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
PRINCIPAL'S END OF YEAR REPORT
Overvlew
The 2023-24 academic year has been nothing short of transformative for The Hammond, with record-breaking
achievements across all areas of our provision. The year ended wilh the largest number of sludents on roll for
the start of the next academic year. a testament to the careful crafting of our curriculum and our strategic efforts
to raise the national profile of the school.
Growih and Curriculum Development
The attractiveness of the school is due. among other reasons, to the work carried out in the 2023-24 academic
year to refine each course offered by the school to meet the evolving demands of the Creative industries,
ensuring that our students are prepared for the competitive world beyond our walls. The academic and vocational
offerings for 202415 will be even stronger, the result of the work referred to above carefijlly crafted in
collaboration with an extemal panel and informed by detailed research carried out by our curriculum leaders.
Thi5 growth can also be attributed to the concerted efforts to elevate The Hammnd's profile on a national scale.
We engaged in numerous industry-focused events such as Can You Dance? (Liverpool and Northern Ireland),
One Dance events, and a wide array of off-site outreach activities. Notably. we revamped our audilions process
to make it more accessible, refining its focus and reach. For the first time, our audition panel travelled to Belfast
and Jersey. and both ventures proved lo be highly successful. attracting exceplional talent. Due to their success.
we plan to repeat and expand these initiatives in the coming years.
Studenl Destinations and Success
We are thrilled to report that all students who graduated from The Hammond College this year have signèd with
lop-tier agents and are already securing employment within the creative industries. A small number of graduates
have opted to pursue further training, demonstrating our commitment to supporting students through diverse
pathways. In addition, more Year 11 students have chosen to continue their joumey with us in college than ever
before, reflecting the distinct idenlity and outstanding quality of our vocational training.
The success of those outcomes is a direct result of our newly crealed Industry and Outreach Team. whose hard
work has been recognised as 'Outstanding' in re￿nt inspections. Their influence has been instrumental in
solidifying The Hammond as a leading institution in both training and graduate employability.
Flnanclal Control and Infrastructure Improvements
Our school continues to exercise firm financial control, evidenced by our ability to complete key infraslructure
projects while exploring new avenues for income. This year. we successfully completed an extensive renovation
of our boarding houses. enabling 90 boarders to move back into beautifully restored accommodations this
September. The feedback from both boarders and parents has been overwhelmingly positive. Our new facilities
provide a wann, welcoming environment that students are proud to call home-furlher enhancing their Hammond
experience.
Furthermore, our prudent financial management has allowed us to purchas8 a new Wellbeing C8ntre, an integral
part of our ongoing commitment to providing the highest standard of physical and emotional health support. This
new facility exemplifies our dedication to ensuring that all students receive the care they need to Ihrive, both in
and out of the classroom.
Academic Excellence and Enrichment
We have continued to uphold the highest academic standards at The Hammond. This year, our leadership team
has scrutinised every elemenl of our teaching and learning to ensure that all students-especially target
groups-make rapid progress. Our GCSE and GCE results from the summer of 2024 once again surpassed
nalional averages across all subjects, highlighting the outstanding qualty of our academic provision.
Beyond the dassroom, we have offered students a wealth of enrichment opportunities, from LAMDA and LCM
exams to Duke of Edinburgh Award schemes and the Ethics Cup competttions. Our comprehensive PSHE
programme has broadened students, horizons. promoting personal development and well-roundedness. These
initiatives not only enriGh our students, educational experiences but also prepare them for the challenges of the
Ihiirlpr wnrlrl

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Professional Productions
Our productions are the culmination of the education and training students receive at The Hammond, and this
year was no exception. We delivered industry-standard performances designed to give students the experience
of working as part of a professional company. These productions are the pinnacle of our students, journeys.
showcasing the skills they have honed through years of hard work and dedication. We are proud to say that our
students leave The Hammond ready to compete at the highest level in the creative industries.
Student Wellbeing and Leadership
The wellbeing of our students remains our top Priority. Our Every Body Movement initiative, which promotes
healthy attitudes towards education. training. and self-care, has been a huge success. We have seen students
flourish not only as performers but also as confident individuals with a strong sense of self-worth and belonging.
The Hammond Parliament, our student leadership body. has also continued lo shape the student experience
through a focus on charity work, community engagement. and enhancing school life. Their input has been
invaluable in fostering a strong sense of community and responsibilily among their peers.
Funding and National Recognltlon
The continuation of our three primary funding streams-MDS, DaDA. and tuition fees from the Universty of
Chester course-has been instrumental in maintsining the high standard of our provision. The MDS and DaDA
schemes. in particular, continue to prove The Hammond's national excellence, providing access to exceptional
training for talented students from diverse socio-economic backgrounds. These grants ensure that financial
barriers do not stand in the way of talent, helping to foster a more inclusive and representative creative industries
workfor￿.
Ofsted Inspection
In March 2024, The Hammond School underwent a rigorous Ofsted inspection, and l am delighled to announce
that we achieved an Outstanding grade across all four calegories. This is an incredibly rare accotnplishment. and
it stands as a testament to Ihe dedicalion, skill, and passion of every member of our staff. To be recognised as
outstanding in leadership, teaching and leaming. personal development, and behaviour and welfare is a true
honour and reflects the immense effort we put into every aspect of the student experience.
Conclusion and Thanks
would like to extend my heartfelt thanks to the Board of Directors. whose ongoing support has been
instrumental in driving our success. Their commitment lo the school's vision and values has empowered us to
achieve great things. and their trust in our leadership has allowed us to flourish. I would also like to express my
gratitude to Barclays for their continued support, which has played a crucial role in helping us fund new initiatives
and improv8 our facilities.
It is a true privilege to lead such an inspirational team of colleagues, whose tslent and dedication know no
bounds. l am equally honoured to work alongside our wonderful students, who amaze us daily with their
creativity, passion. and resilience. Together, we have made The Hammond a beacon of excellence, and I look
fotward to all that we will achieve in the future.
Jennlfer Roscoe
Principal

THE HAMMOND SCHOOL LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Dlsclosure of Informatlon to audltor
Each of the trustees has confirmed that there is no information of which they are aware whlch is relevant to tha
audit. but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to
identify such relevant informallon and to establish that the auditor is awar8 of such infomiation.
Publlc Beneflt
In setting The School's objectives and planning its actiwlies the Directors have given careful consideration to the
duty placed on them by Section 17(5) of the Charities Act 2011 to have due regard to Public Benefit guidance
published by the Charity Commission and in particular to its supplemental guidance on advancing education and
on fee charging.
Specifically. the Directors take every step lo ensure that the intake, activities and achievements of the school arg
focussed on maximising the benefit, to both the students and the wider community. of the academic, pastoral and
social aclivities of the school. Th8 Board of Directors regularly reviews the SchcM)I's activities in this regard as
part of its monthly meeting.
The Trustees. report was approved by the Board of Trustees.
KHCowe
Chairman

THE HAMMOND SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE HAMMOND SCHOOL LIMITED
Oplnlon
We have audited the financial statements of The Hammond School Limited (the 'charity') for the year ended 31 July
2024 which comprise the statement of financial adivities. the balance sheet. the statement of cash flows and notes
to the financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporling Standard 102 The Financial Repo￿ng Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice}.
In our opinion. Ihe financial statements:
give a true and fair view of the state of the chartiable companvs affairs as at 31 July 2024 and of its incoming
resources and application of resources, including ils income and expenditure, for the year then ended.
have been properfy prepared in accordance with United Kingdom Generally AC￿pted A¢ix)unting 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 Intemational Standards on Auditing (UK) {ISAs (UKI) and applicable
law. Our responsibilities under Ihose stsndards are further described in the Auditoffs responsibilities for the audit of
th8 financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial stalements in the UK, inciuding the FRC'S Ethical
Stsndard, and we have fulfilled our other ethical responsibilities in accordance with thèse requirements. We believe
that the audit evidence we have obtained is sufficient arKI appropriate to provide a basis for our opinion.
Conclusions relating to going con¢em
In auditing the financial statements, we have conduded that the Trustees. use of the going concem basis of
accounting in Ihe preparation of the financial statements is appropriale.
Based on the work we have perfomied, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the charily'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 concem are described in the
relevant sections of this report.
Other information
The other informalion cornprises the information included in the annual report other than the financial statements
and our auditols report thereon. The Iruslees are responsible for the other informalion contained within the annual
report. Our opinion on the financial statements does not cover the other infortnation and, except to the extent
otheNise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Our
responsibility is to read the other infomation and. in doing so. consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparenl material misstatements, we are
required to determine whether this gives rise to a material misstalement in the financial statements themselves. If,
based on the work we have perfonned, we conclude that there is a material mi5Statement of this olher information,
we are required to report that fact.
We have nothing to report in this regard.
Opinions on olher matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of our audit-
the information given in the Trustees. report for the financial year for which the financial statements are
prepared, which includes the directors. report prepared for the purposes of company law. is consistent with the
financial stalemenls,. and
the directors. report included within the Trustees, report has been prepared in ac￿rdanCe with applicable legal
requirements.

THE HAMMOND SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE HAMMOND SCHOOL LIMITED
Malters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the
audit, we have not identified material misstatements in the directors, report induded within the Trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report lo you if, in our opinion:
adequate accounting records have not been kepl. or relums adequate for our audit have nol been received
from branches not visited by us- or
the financial statements are not in agreement with the accounting records and retums. 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 entiued to prepare the financial statements in accordance with the small companies
regime and take advaniage of the small companies. exemptions in preparing the Trustees, report and from the
requiremenl to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the siatement of Trustees, responsibilities. the trustees. who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial slalements and for being
satisfied that they give a Irue and fair view. and for such internal control as the trustees delermine is necessary lo
enable the preparation of financial statements that are free from material missiatemenl, whether due to fraud or
error. In preparing the financial slatemenls, the Irustees are responsible for assessing the charity's ability lo
continue as a going concem. disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charilable company or to cease
operations, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the flnancial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee Ihat an audit conducted in accordance
with ISAS {UK) will always detect a material misstalement 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 laken on Ihe basis of these financial statements.
The extent lo which our procedures are capable of detecting irregularities, induding fraud, is detailed below.
Extent to which the audit is considered capable of detecting irregularities, including fraud
The responsibility for the prevention and delection of irregularities, induding fraud, lies wilh th8 trustees and with
those charged with govemance. The objectives of our audit in respect of irregularities and fraud are to assess the
risk of material misstatement of the financial statements due to fraud. to obtain sufficient, appropriate audit evidence
regarding the assessed risks and to respond appropriately to fraud or suspected fraud identified during the audil.

THE HAMMOND SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE HAMMOND SCHOOL LIMITED
Audit procedures
We determine significant aP￿Icable laws and regulalions through discussion with those charged with governance
and our own knowledge of the industry and design audit procedures to help identify instances of non-compliance
with those laws and regulations that may have a material effect on the financial ststements.
We consider the applicable laws and regulations to be the financial reporting framework (FRS 102 and the
Companies Act 2006), Charity Law, the relevant tax regulations in the UK, employment law, the Health and Safety at
Work Act 1974 and Safeguarding legislation.
We consider the control er¢vironment and the procedures in place to address identified risks, including managemenl
override, non-compliance with laws and regulations and to prevent and detect fraud or irregularity. Our procedures
are designed to provide reasonable assurance that the financial statements are fr88 from malerial misstatement or
error and ir)clude.' enquiries of management and of staff in key compliance functions". review of reports from
regulators- review of minutes of meetings of those charged wilh governance. review and testing of manual journals,
relevant nominals and significant transaclions outside the normal course of business., review of financial statement
disclosures and testing to supporting documentation. perfomiance of analyiical procedures.
We are not responsible for preventing norrfompliance and due to the inherenl limiiations of an audit, as described
above, the audit cannot be relied upon to detect all instances of non-compliance with laws and regulations
A further description of our responsibilities is available on the Financial Reporting Council's website at.. hltps:11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditols report.
Use of our report
This report is made solely to the charitable companrfs 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 mighl slate to the charitable company's
members those matters we are required to state to them in an audilor's report and for no other purpose. To the
fullest exlent permitted by law, we do not accept or assume responsibility to anyone other than the charilable
company and the charitable company's members as a body. for our audit work, for this report, or for the opinions we
have formed.
Susan Harris MA ACA (Senior Statutory Audltor)
for and on behalf of Champion Accountants LLP
Chartered Accountants
Statutory Auditor
2nd Floor Refuge House
33-37 Watergate Row
Chester
CH12LE

THE HAMMOND SCHOOL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDrruRE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
Unrestrlcted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Totsl
2024
2023
Notes
Income and endowments from".
Charitable activities
School fees and
associated income
5.659.676
5,659.676
5,256.242
5,256,242
Other income
188.362
188.362
125.005
125,005
Total income
5.848,038
5.848,038
5.381,247
5.381,247
Expendilure on:
Charitable activities
Charitable activities
5,776,372
2,654 5.779,026
5,231,365
2,172 5.233,537
Other expenditure
10
535
535
Total expenditure
5,776.372
2.654 5.779.026
5,231.900
2,172 5,234,072
Nat Incomel{expenditure}
71.666
(2.654)
69.012
149,347
(2,172)
147.175
Other recognlsed
gains and losses:
Revaluation of tangible
fixed assets
888.747
888,747
Net movement in
funds
71,666
(2.654)
69.012
1,038.094
{2,172) 1,035,922
Reconciliation of funds:
Fund balances at 1 August
2023
3,026,799
12.285 3.039,084
1.988.705
14,457 2,003,162
Fund balances at 31 July
2024
3,098,465
9,631 3.108.096
3,026,799
12,285 3,039,084
The statement of financial activities includes all gains and losses recognised in the year. All income and expendlture
derive from continuing activities.

THE HAMMOND SCHOOL LIMITED
BALANCE SHEET
ASAT 31 JULY 2024
2024
2023
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash al bank and in hand
12
6,833,136
6,049,804
13
197.146
1.637
1.156,517
1,632
198.783
1.158,149
Credltors: amounts falling due within
one year
14
{1.966.631)
(2.733.463)
Net current liabilities
(1,767.848)
{1,575,314}
Total assets less current liabilities
5,065.288
4,474,490
Creditors: amounts falling duo after
more than one year
15
(1.957.192)
{1,435,406)
Net assets
3.108,096
3,039.084
Income funds
Restricted funds
Unrestricted funds -
Designaled funds
General unrestricted funds
Share capital
Revalualion reserve
18
9.631
12,285
eneral
19
9,750
4,614,200
10,000
(1,535,485)
22,710
4,529,574
10,000
(1,535,485)
3.098,465
3,026,799
3,108,096
3,039,084
The financial statements were approved by the Tru51ees on ...
K H Cowell
Trustee
Company Registration No. 00838325

THE HAMMOND SCHOOL LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY2024
2024
2023
Notes
Cash flows from operating activities
Cash génerated from operations
24
272,759
528,841
Investlng actlvltles
Purchase of tangible fixed assets
(830.255}
{757.416)
Net cash used in Investing activities
{830.255)
(757,416)
Financing activities
Proceeds of new bank loans
Repayment of bank loans
690,040
{109.957}
{94,457)
Net cash generated froml(used in)
flnanclng actlvltles
580,083
(94,457)
Net increasel(decrease) In cash and cash
equivalents
22.587
1323,032)
Cash and cash equivalents at beginning of year
(276,161)
46,871
Cash and cash equivalents at end of year
(253,574)
{276,161)
Relating to:
Cash at bank and in hand
Bank overdrafts included in credwiors payable
within one year
1.637
1,632
(255,211)
{277,793}

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
Charity information
The Hammond School Limited is a private company lirnited by shares incorporated in England and Wales.
The registered office is Hoole Bank House, Mannings Lane, Chester, CH2 4ES.
1.1 Accountlng conventlon
The financial statements have b&8n prepared in accordance with the charitys governing document, the
Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practi
applicable to charities preparing their accounts in accordance with the Financial Reporiing Standard
applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). The charity is a Public
Benefit Entity as defined by FRS 102.
The financial stataments arg preparèd in stèrling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properlies. The principal accounling policies adopted are set out below.
1.2 Going concern
At the time of approving the financial stalemenls. the trustees have a reasonable expectation Ihal Ihe charily
has adequate resources to continue in operalional existence for the foreseeable ftjlure. Thus the truslees
continue to adopt the going concern basis of accounting in preparing the financial slatements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricled funds are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Designated funds comprise unrestricted ￿ndS that have been set aside by the trusteas for particular
purposes. The aim and use of each desi9nated fund is set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally enlitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Grants are recognised in the period to which they relate, in accordance with the underlying conditions and
terms attached to each grant.
School fees and similar income are accounled for in the period to which they relate. Fees receivabl& are
stated after deducting allowances and Bursaries allowed by the School.
Bank interest is recognised in the period in which it is receivable.
Rental income is recognised in the period in which it is due.

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Accounling policies
{Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, 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 classified by activty. The costs of each activity are made up of the totsl of direct costs and
shared costs. including support costs involved in undertaking each aclivty. Direct costs attributable to a single
activity are allocaled directly to that activity- Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consislent with the use of resources. Cenlral staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Expenditure is charged on an accruals basis and is indusive of VAT where appropriate.
Due to the nature of the charity. all expenditure is currently considered to be expenditure on Gharilable
activities and therefore the govemance costs are all apportioned to this area.
1.6 Tanglble flxed assets
Tanglble fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on Ihe following bases=
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
See below
10/0 per annum reducing balance basis
10/0 per annum reducing balance basis
25°/0 per annum straight line basis
25.￿ per annum reducing balance basis
The gain or loss arising on the disposal of an asset is determlned as the difference between the sale proceeds
and Ihe carrying value of the asset. and is recognised in the statement of financial aclivities.
Freehold land and buildings (including new buildings). some of which are listed properties, are initially
measured at cost and subsequently measured at cosl or valuation. rFet of depreciation and any impairment
losses. Valuations are undertaken on a regular basis, with a formal valuation every five years. to ensure that
Ihe carrying amount does not drrrer materially from the fair value. Gains and losses on revaluation are
recognised in the SOFA. The directors do not consider it appropriate to depreciate such buildings as they do
nol consider Ihal Ihe depreciation would be material having regard to the life of ihe assets. In addition lo Ihe
costs of minor repairs, which are written off as incurred, provision is made for major repairs which are likely lo
arise in the future. An impainnent review is carried out annually by the charity-
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carying amounts of its tangible assets to detemiine
whether there is any indication that those assets have suffered an impairment loss. If any such indicalion
exists, the recoverable amount of the asset is estimated in order to detennine the extent of the impairment
loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents indude cash in hand. deposits held at call with banks. other short-term liquid
investments with orfginal maturitie5 of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
(Continued)
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charty becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basi¢ financial assets
Basic financial assets. which include debtors and cash and bank balan￿$. are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipls discounted at a market rate of intarest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitules a financing transaction, where the debt instrument is measured at the present
value of the future paymenls discounted at a market rate of interest. Financial liabilities dassified as payable
wilhin one year are not amortised.
Debt inslruments are subsequenuy carried at amortised cosL using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabililies. Trade creditors are recognised initially al
transaction price and subsequently measured at amorlised cost using the effective inlerest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday enlitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Crltlcal accountlng estlmates and Judgements
In the application of Ihe charity's accounting policies. the trustees are required lo make judgements, estimatès
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated 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 revlsed where the revision affects only that
period, or in the period of the revision and fvlure periods vthere the revision affects both current and future
periods.
The significant judgements considered to have Ihe greatest risk of causing a material adjustment to the
carrying amounts of assets and liabilities are as follow..
Valuation of land and buildin
Land and Building5 are measured al fair value at the reporting date based on judgements made by the
directors having regard to general market conditions and any relevant information available to them.
Charitable activities
School fees School fees
and
and
associated assoclated
income
income
2024
2023
School fees and associated income
5,659,676 5,256.242
Other Income
Unrestricted Unrestrlcted
funds
funds
2024
2023
Rent rec8iV8d
188,362
125,005

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Charltable activities
Education Education
2024
2023
Staff costs
Depreciation and impairmant
Production cosls
School books and equipment
Exam fees
Telephone
Printing, postage and stationery
Licenses
Catering and cleaning contract
Motor expenses
School transport
School trips
General expenses
Degree course expenses
Subscriptions and donations
3,278,307 2.931,644
46,923
41,210
226,458
214,524
48.180
43,763
67,665
56,908
14,924
14,081
21.303
19,844
23.887
16,797
689.627
607.536
7,201
3.897
102,087
104,854
139,485
99,362
111.769
39,022
178.469
177,026
20,858
19,133
4,977,143 4,389.601
Share of support costs {see nole 6)
Share of governance costs (see note 6)
680.126
121.757
727,189
116,747
5.779,026 5,233,537
Analysis by fund
Unrestricted funds - general
Restricted funds
5,776,372 5.231,365
2,654
2,172
5.779,026 5,233,537
For the year ended 31 July 2023
Unrestricted funds - general
Restricted funds
5,231.365
2.172
5.233.537

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Support costs allocated to actlvltles
2024
2023
Operating lease charges
Rent and rates
Insurance
Light and heal
Repairs and renewals
Ground maintenance
Cleaning
Advertising and marketing
Recruitment
Bad debts
Bank loan interest
Govemance costs
11.042
170,348
35,011
132,453
75,770
31.336
25,515
26,032
28,285
{3.263)
147.597
121,757
11.049
314,995
30.389
123,235
60.337
27,899
16,399
19.873
21,061
25,022
76,930
116,747
801,883
843,936
Anatysed between:
Charitable activities
801,883
843,936
2024
2023
Governance costs compris8:
Audit fees
Legal and professional
Bank tharges
14,144
87,231
20,382
14,126
91,772
10,849
121,757
116,747
Net movement in funds
2024
2023
Net movement in funds is stal8d after chargingl(credlling)
Fees payable to the company's auditor for the audtt of the companvs financial
statements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
Operating lease charges
14,144
46,923
14,126
41,209
535
11,049
11,042
Trustees
None of the trustees (OT any persons connected with them) received any remuneration or benefits from the
charity during the year.

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Employees
The average monthly number of empk)yees during the year was:
2024
Number
2023
Number
Full lime
Part time
66
61
110
105
The average number of fijlktime equivalent employees during the year was:
Teaching
Non-Teaching
52
36
50
29
88
79
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
2.941,959
264.903
71.445
2,622,820
242,524
66,300
3.278,307
2,931,644
The number of employees whose annual ￿MuneratIon was more than £60,000
is as follows..
2024
Number
2023
Number
£60,000- £70,000
£70,000- £80.000
£80,000- £90.000

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
10 Other
Total Unrestricted
funds
general
2023
2024
Net loss on disposal of tangible fixed assets
535
11 Taxation
Tho charity is oxempt from taxation on its activities because all its income is applied for charitable purposes.
12 Tanglble flxed assets
Freehold land
and bulldings
Plant and Fixtures and
equlpmont
ffttlngs
Computer5 Motorvthiclès
Total
Cost or valuatlon
At 1 August 2023
Additions
5.701.502
703,119
227.167
96.312
888,756
23,052
289.116
7,772
31,762 7,138,303
830,255
At 31 July 2024
6.404.621
323.479
911,808
296,888
31.762 7,968,558
Depreciation and impaimient
At 1 Augusl 2023
Deprecialion charged in the
year
85.550
696,455
275,295
31.199
1,088,499
18,510
20.548
7.725
140
46,923
At 31 July 2024
104,060
717.003
283,020
31,339 1,135,422
Carrying amount
At 31 July 2024
6,404.621
219,419
194,805
13.868
423 6,833.136
At 31 July 2023
5.701.502
141,616
192,302
13,821
563 6,049,804
The accounting policy with regard to freehold propety requires valuations lo be undertaken on a regular
basis and a fomial valuation every five years. FDmial external valuations were Ca￿led out by Lambert Smith
Hampton on the 15th December 2022 and Jones Peckover Chartered Surveyors on the 22nd May 2023
which valued the property porlfolio at £5,055.000. As at 31 July 2024, the trustees are of the opinlon that the
carying value of freehold property does not materially differ from the fair value.
All assets are used for direct charitable purposes.
The comparable amounts for Land and Buildings determined according to the historical cost convention are
as follows.
Cost at 1 August 2023
Additions
7,129.975
703,119
Cost at 31 July 2024
7,833,094

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
13 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Pr&paym8nts and accrued income
102,714
94.432
1,005,821
150,696
197,146
1,156,517
14 Creditors: amounts falling due within one year
2024
2023
Notes
Bank loans and overdrafts
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
16
401,480
58.615
442,480
246,641
817,415
365,765
58,138
461,079
196,231
1,652,250
1,966.631
2,733,463
The bank loan and ov6rdraft are secured by a first legal charge over the company's fraahold property.
Deferred income of £102.953 {2023 - £959,990) which is included in the above figures relates to school fees
paid in advan￿ which would be potentially refundable.
15 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
16
1.957,192
1.435,406

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
16 Loans and overdrafts
2024
2023
Bank overdrafts
Bank loans
255,211
2,103,461
277,793
1,523,378
2,358,672
1,801,171
Payable within one year
Payable after one year
401,480
1,957,192
365,765
1.435,406
Analysls of debt maturity
Within one year or on demand
Between one and two years
Between two and five years
After five years
401,481
184,552
369,104
1,403,535
365.764
373,369
187.024
875.014
2,358,672
1,801,171
Thg bank loans are secured by a first legal charge over the company's freehold property. The first loan, for
£2.3M over 25 years, has an inleresl rate of 0.950/0 over the bank's base rate. The second loan, for £355K
over 2 years, has an interest rate of 2.950/0 over the bank's base rate. The third loan, for £700k over 9.5
years, has an interest rate of 2.75°/o over the bank's base rale. The secured bank loans and overdraft
represent 37 /0 of the value (2023 36 % ) of the freehold propety they are secured against based on It5
market value per the accounts at 31 July 2024.
17 Share capital
2024
2023
Ordinary share capital
Issued and fulty paid
10,000 Ordinary shares of £1 eath
10.000
10,000
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trusl
subject to specific condilions by donors as to how they may be used.
At 1 August
2023
Resources
expended
At 31 July
2024
Diverse Dance Project
12,285
{2,654)
9,631

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
18 Restricted funds
{Continued)
Previous year:
At 1 August Resources
2022
expendod
At 31 July
2023
Diverse Dance Project
14,457
(2.172)
12,285
Diverse Dance Project
Monies received from The Bank of America Charitable Foundation towards the support of The Hammond
School's Diverse Dance Project through three outreach programmes.
19 Designated funds
The unrestricted fvnds of the charity comprise the unexpended balances of donations and grants which are
nol subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Movement in funds
Incoming Resources
resources
expended
Movement in funds
In¢omlng Resources Balance at
resources
expended
31 July
2024
Balance at
1 August
2022
Balance at
1 August
2023
PTFA- minibus
Welfare Fund
4.000
14.165
4,000
18,710
4,000
5.750
5,864
{1,319)
6.763
(19,723)
18.165
5.864
(1,319)
22,710
6.763
(19,723)
9,750
An amount of £4,000 was received from the PTFA which was designated for the purpose of buying a minibus.
The welfare fund was created during 2019120 and receives income from amounts recovered on bad debts that
have previously been written off. The fund is to be used to provide short term help for parents struggling to
pay the fees.
20 Analysis of net assets between funds
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Total
2023
Fund balances at 31 July 2024 are
represented by:
Tangible assets
Current assetsl{liabilities)
Long term liabilities
6.833.136
(1,777,479)
{1,957.192}
6,833,136
6,049,804
9,631 (1,767,848) (1,575,314)
(1,957.1921 (1,435,406)
3.098,465
9,631
3.108.096
3,039,084
Of the total funds in 2023. £12.285 was restricted and was represented by nel Gu￿ent assets.

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
21 Capital commitments
Amounts contracted for but not provided in the financial statements:
2024
2023
Acquisition of property, plant and equlpment
394,271
22 Operatlng lease commltments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases. which fall due as follows:
2024
2023
Within one year
Beiween iwo and five years
10.386
106,219
7,500
10,386
113,719
23 Related party transactions
Remuneration of key management personnel
The key management personnel of the charity comprise the Principal. the Vice-Principals, the Head of
Operations and the Heads of Departments.
The remuneration of key management personnel is as follows.
2024
2023
Aggregate compensation
336,221
298.122
Transactions with related parties
During the year the charity entered into the following transactions with related parties:
Mr J Devoy is a director of the company and a partner of Aaron & Partners LLP Sdicitors who invoiced £1,243
(2023 - £2,898} during the year in respect of Legal and Professional charges. Income of £120 {2023 £nil)
was recognised for advertisement within concert programmes. These charges and income have been incurred
al fair market value.

THE HAMMOND SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
24 Cash generated from operatlons
2024
2023
Surplus for the year
69,012
147,175
Adjustments for..
(Gainllloss on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
535
41,210
46,923
Movements in working capital:
Decreasel(increase} in debtors
(Decrease)lincrease in creditors
959,371
{802,547)
{939,075}
1,278.996
Cash generated from operations
272.759
528,841
25 Analysis of changes in net (debt)Ifunds
At 1 August 2023
Cash flows At 31 July 2024
Cash at bank and in hand
Bank overdrafts
1,632
(277,793)
1,637
(255,211)
22.582
(276.161)
22,587
1253,574)
Loans falling due within one year
Loans falling ijue after more than one year
(87,972)
{1,435,406)
(58,297)
1146,269)
(521.786) (1.957,192)
{1.799,539)
(557.496) (2.357.035)