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2024-08-31-accounts

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

Charity registration number 1027573

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Simon Mackenzie Richard Shackleton Akpobibibo Onduku Neil Iceton (Appointed 25 January 2024) Adetola Ayenitaju (Appointed 25 January 2024) Heather Thomson (Appointed 25 January 2024) Governors Richard Shackleton - Chair Akpobibibo Onduku Simon Mackenzie Hannah Pickles Kevin Ryan Susanne Wells Neil Iceton Adetola Ayenitaju Jane Prothero - Headteacher Charity number 1027573 Principal address Livingston Road Bolton Woods Bradford BD2 1BT Registered office Livingston Road Bolton Woods Bradford BD2 1BT Auditor Azets Audit Services Carlton House Grammar School Street Bradford BD1 4NS Bankers HSBC Plc 47 Market Street Bradford BD1 1LW Kingdon Bank Limited Ruddington Fields Business Park Mere Way Ruddington Nottingham NG11 6JS

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

CONTENTS

Page
Trustees' report 1 - 3
Statement of trustees' responsibilities 4
Independent auditor's report 5 - 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 24

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

The trustees present their annual report and financial statements for the year ended 31 August 2024.

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 governing document, the Charities Act 2011 and "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).

The details on the Legal and Administrative Information page form part of the Trustees Report.

Objectives and activities

The charitable objects are the advancement of education on the basis of Christian principles.

Mission and Vision

Our Mission: To provide a holistic Christian education for all and to inspire discipleship.

Our Vision: To be a Christian community in which everyone grows in character, faith, knowledge, understanding and wisdom.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The main area of charitable activity is the provision of a Christian alternative to secular education. We currently have 148 on the school roll. We have 97 families from the Christian community in the Bradford area and 33 from non - faith or other backgrounds.

Bradford Christian School does not reflect the doctrines of any one church or denomination but is open to serve the wider Christian community in Bradford.

We undertake to educate children from Nursery (age 3) to Year 11 (age 16). Our pupils’ studies normally culminate in GCSE examinations.

We recognise and seek to attain standards set by the Independent Schools’ Standards and the Independent School Inspection.

Each member of staff at Bradford Christian School is first and foremost a dedicated Christian who loves and seeks to serve God.

Most of the teachers are professionally qualified and have previously taught in other local schools. We also offer teacher training to our own staff and colleagues from other Christian schools. We are also pleased to mentor student teachers or those involved in work experience programmes from local universities and colleges.

The school teaching staff is supplemented by committed parents and volunteers.

The school offers a full range of curricular and extracurricular activities a number of which take place away from the main site due to spatial constraints. This includes Duke of Edinburgh Bronze and Silver Awards for students in Years 9 and 10.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

The school also runs an Autism Provision for students with Autism placed with us by the local education authority. This part of the school is managed as a department in itself with 28 students and a dedicated staff team and is currently full.

The school aims to present children with the created world in all its aspects, enabling them to relate correctly to it and to eventually make a useful and godly contribution to society. It is our desire that children see the world and its people from God’s perspective and acquire the ability to base all their decisions on the scriptural principles they have been taught. It is our hope that our pupils will be able to face life with all its problems and challenges with hope, determination and resourcefulness. We sincerely desire to see all our pupils make the best of their God-given abilities, whatever they may be, thus preparing them to be useful citizens and effective servants in the Church of Christ.

Bradford Christian school is a member of the Independent schools association and is inspected by the Independent School Inspection.

Bradford Christian School is affiliated to the Christian Schools’ Trust (Charity Number 293315), a fellowship of around 25 Christian schools across Great Britain.

The school does not admit pupils on the basis of academic ability or family background. It is, however, vital that parents have a clear understanding of the vision of the school and that they are supportive of its aims. To this end the school interviews all prospective parents before awarding places to pupils. Fees are charged with a view to covering the day to day running costs of the school. Gifts supplement the finances of the school, covering any shortfall and allowing for some expansion. The school greatly values the financial and prayer support it receives from a wide range of people from across the country. The level of fees paid varies according to the ability of the family to pay. Each family privately discloses their income level when deciding which level to pay.

Subjects offered to GCSE level in 2023 – 2024 were: Maths, English, Literature, Combined Science (dual award), Computing, Spanish, Geography, History, Art and Religious Education.

Educational trips and residentials for middle and upper school ran during this year. Year 5/6/7/8 students spent 3 days at Yorkshire Camps enjoying a range of activities from archery to peddle go karts and time studying the bible. Upper school spent 4 days in Barcelona taking in the city's sights and improving their spoken Spanish. EYFS enjoyed a trip to Ponderosa zoo, year 1/2 the toy museum at Kirkstall Abbey in Leeds. During the final week of the 23/24 academic year students enjoyed visits to an escape room, a climbing wall, laser tag, Nell Bank activity centre in Ilkley and Keighley leisure centre.

Financial review

Full details of the financial activities are contained in the attached accounts. Total income for the year was £1,229,755 (2023 as restated £1,104,845) and, after deducting expenditure of £1,099,161 (2023 as restated £1,048,725), net income was £130,594 (2023 as restated £56,120). The net assets of the Charity at 31 August 2024 were £717,516 (2023 as restated £635,456).

The Trustees established several years ago a policy that the Charity should maintain £75,000 in unrestricted funds. This currently equates to approximately one month's expenditure. As of 31 August 2024 the unrestricted funds were £717,516.

The Trustees will be reviewing the purpose of these funds, the reserves policy and how these tie in with the funding of improvements to the building, facilities of the school and their ongoing insurance.

Principal Funding Sources

Most of the income of the Charity comes from Special Education Needs/Autism Provision funding, School fees and Early Years funding. The Charity continues to seek additional funding from individuals, organisations and Charitable Trustees that are sympathetic with its objectives.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Risk Management

The Governing Body has conducted a review of the major risks to which the Charity is exposed. Where appropriate systems or procedures have been established to mitigate the risks the Charity faces. The Governing Body is constantly reviewing all areas of the Charity's work that could be exposed to external risks and seeks to deal with these as they arise.

Structure, governance and management

The charity is an unincorporated charity governed by its Charitable Trust Deed.

The trustees who served during the year and up to the date of signature of the financial statements were:

Recruitment and Appointment of Governors and Trustees

Due to the nature of the charity's work, the Governing Body is well represented by individuals who have the appropriate experience in education, Christian ministry and business skills. The Governing Body is constantly seeking to enhance its membership by the recruitment of the appropriate individuals who have the skills that will assist with the development of the charity. Suggestions for possible Trustees and Governors are sought from the existing bodies and other appropriate contacts from within the school community. Members of the Governing Body have taken part in training for Governors provided by Bradford Education's School Governors Service.

Trustee Induction and Training

Most Trustees are already familiar with the practical work of the Charity, but new Trustees are invited to spend time observing the different aspects of the work and meet the school staff. All new Trustees are made aware of the role of a Trustee, the Governing Documents, the ongoing financial position and the future plans of the Charity.

Organisational Structure

The school has a Governing Body that meet on a monthly basis and who are responsible for the strategic direction and policy of the Charity.

The date to day operation and development of the school is delegated to the Senior Leadership Team that is led by the Headteacher with the appropriate support of the appointed senior staff.

Accountability to the voluntary Governing Body is ensured through regular supervision by the Chair of the Governors of the Headteacher.

The trustees' report was approved by the Board of Trustees.

Ge Richard Shackleton 06A4D87C66C943A... by: Trustee

11 June 2025

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 AUGUST 2024

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that year.

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

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BRADFORD CHRISTIAN SCHOOL

Opinion

We have audited the financial statements of Bradford Christian School (the ‘charity’) for the year ended 31 August 2024 which comprise the statement of financial activities, 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 Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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's responsibilities for the audit of the 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 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 charity’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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BRADFORD CHRISTIAN SCHOOL

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees 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 charity’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 cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 an auditor's report 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.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BRADFORD CHRISTIAN SCHOOL

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Colin Whitehead (Senior Statutory Auditor) for and on behalf of Azets 11 June 2025

Chartered Accountants Statutory Auditor Carlton House Grammar School Street Bradford BD1 4NS

Azets is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted Unrestricted Restricted Total
funds funds funds
2024 2023 2023 2023
as restated as restated as restated
Notes £ £ £ £
Income and endowments from:
Donations and legacies 3 18,376 18,114 - 18,114
Charitable activities 4 1,202,763 1,081,254 - 1,081,254
Investments 5 5 - - -
Other income 6 8,611 5,477 - 5,477
Total income 1,229,755 1,104,845 - 1,104,845
Expenditure on:
Charitable activities 7 1,099,161 1,048,725 - 1,048,725
Net incoming resources before transfers 130,594 56,120 - 56,120
Gross transfers between funds - 24,898 (24,898) -
Net incoming resources 130,594 81,018 (24,898) 56,120
Other recognised gains and losses
Revaluation of tangible fixed assets (48,534) 62,082 - 62,082
Net movement in funds 82,060 143,100 (24,898) 118,202
Fund balances at 1 September 2023 635,456 492,356 24,898 517,254
Fund balances at 31 August 2024 717,516 635,456 - 635,456

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

BALANCE SHEET

AS AT 31 AUGUST 2024

2024 2023
as restated
Notes £ £ £ £
Fixed assets
Tangible assets 12 673,419 463,914
Current assets
Debtors 13 19,804 44,208
Cash at bank and in hand 136,904 229,541
156,708 273,749
Creditors: amounts falling due within
one year 15 (83,341) (57,926)
Net current assets 73,367 215,823
Total assets less current liabilities 746,786 679,737
Creditors: amounts falling due after
more than one year 16 (29,270) (44,281)
Net assets 717,516 635,456
Income funds
Unrestricted funds
General unrestricted funds 703,968 573,374
Revaluation reserve 13,548 62,082
717,516 635,456
717,516 635,456

The financial statements were approved by the Trustees on 11 June 2025 Ge Richard Shackleton 06A4D87C66C943A... by:

Trustee

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024

2024
Notes
£
£
Cash flows from operating activities
Cash generated from operations
22
197,484
Investing activities
Purchase of tangible fixed assets
(276,339)
Proceeds from disposal of tangible fixed
assets
-
Investment income received
5
Net cash used in investing activities
(276,334)
Financing activities
Repayment of bank loans
(13,787)
Net cash used in financing activities
(13,787)
Net decrease in cash and cash equivalents
(92,637)
Cash and cash equivalents at beginning of year
229,541
Cash and cash equivalents at end of year
136,904		 2023
£
(62,264)
4,562
-
(13,853)		 £
56,551
(57,702)
(13,853)
(15,004)
244,545
229,541

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

Charity information

Bradford Christian School is an unicorporated charity established under a Charitable Trust Deed dated 30 September 1993 and registered with the Charity Commissison for England and Wales on 25 October 1993.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, 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 properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated 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 consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Fixed assets with a value lower than £500 are not capitalised.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line Fixtures and fittings 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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 its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net 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.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, 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 receipts discounted at a market rate of interest. 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 constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, 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 liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest 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 entitlement 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.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates 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 revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

3 Donations and legacies

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 18,376 18,114
Donations and gifts
Building Fund (Friends) - 9,290
General donations 18,376 8,824
18,376 18,114
4 Charitable activities
Charitable
Charitable
Income Income
2024 2023
£ £
EYFS Funding 71,546 19,151
LEA Support (DSP) 763,559 738,282
School fees 367,658 323,821
1,202,763 1,081,254
5 Investments
Unrestricted Total
funds
2024 2023
£ £
Interest receivable 5 -

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

6 Other income

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Other income 8,611 5,477

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

7 Charitable activities

Charitable
Charitable
Expenditure
Expenditure
2024 2023
£ £
Staff costs 751,007 748,738
Staff training 8,685 4,033
Curriculum expenses 69,638 55,892
Examination Fees 8,577 7,436
Ofstead and DBA - 1,940
School trips and transport 920 1,694
Minibus 1,018 50
Provision for doubtful debts 7,906 -
847,751 819,783
Share of support costs (see note 8) 233,373 214,742
Share of governance costs (see note 8) 18,037 14,200
1,099,161 1,048,725

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

8 Support costs

Staff costs
Depreciation
Rent and Rates
Insurance
Light and heat
Repairs and
maintenance
Print, postage and
stationery
Telephone
Refreshments and staff
care
Adverting and marketing
Finance costs
Sundry
Accountancy
Audit fees
Legal and professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
102,500
-
18,300
-
4,715
-
9,767
-
24,631
-
45,699
-
8,737
-
959
-
3,458
-
3,003
-
4,940
-
664
-
6,000
-
-
14,800
-
3,237
233,373
18,037
233,373
18,037		 2024
£
102,500
18,300
4,715
9,767
24,631
45,699
8,737
959
3,458
3,003
4,940
664
6,000
14,800
3,237
251,410
251,410		 Support
costs
Governance
costs
£
£
102,200
-
18,062
-
5,077
-
9,512
-
17,343
-
30,888
-
9,637
-
1,502
-
9,573
-
234
-
8,110
-
2,604
-
-
-
-
14,200
-
-
214,742
14,200
214,742
14,200		 2023
£
102,200
18,062
5,077
9,512
17,343
30,888
9,637
1,502
9,573
234
8,110
2,604
-
14,200
-
228,942
228,942

Governance costs includes payments to the auditors of £14,800 (2023- £14,200) for audit fees.

9 Trustees

Included within staff costs is £31,900 which was paid to the spouses of S Mackenzie and R Shackleton, trustees of the charity, for services provided to the school (2023 - £29,458).

10 Employees

The average monthly number of employees during the year was:

Teaching, Learning Assistants and class room staff
Support and administration
Total		 2024
Number
44
6
50		 2023
Number
50
6
56

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

10
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2024
2023
£
£
798,942
796,762
41,378
41,815
13,187
12,361
853,507
850,938		 (Continued)
2024
2023
£
£
798,942
796,762
41,378
41,815
13,187
12,361
853,507
850,938
850,938

Teaching and Learning Assistance is estimated at 88% of staff time with 12% estimated as support.

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

12 Tangible fixed assets

Freehold land
and buildings
Fixtures and
fittings
£
£
Cost or valuation
At 1 September 2023
451,728
30,205
Additions
260,031
16,308
Revaluation
(61,759)
-
At 31 August 2024
650,000
46,513
Depreciation and impairment
At 1 September 2023
-
18,019
Depreciation charged in the year
13,225
5,075
Revaluation
(13,225)
-
At 31 August 2024
-
23,094
Carrying amount
At 31 August 2024
650,000
23,419
At 31 August 2023
451,728
12,186		 Total
£
481,933
276,339
(61,759)
696,513
18,019
18,300
(13,225)
23,094
673,419
463,914

Freehold land and buildings with a carrying amount of £650,000 were revalued at 05 August 2024 by Hayfield Robinson Property Consultants, independent valuers not connected with the charity on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

The trustees do not consider that the valuation of the property was materially different at 31 August 2024 to that confirmed in the independent valuation.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

13
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
14
Loans and overdrafts		 2024
£
17,767
(85)
2,122
19,804		 2023
£
41,593
-
2,615
44,208
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year		 2024
£
44,426
15,156
29,270		 2023
£
58,213
13,932
44,281

A mortgage loan amounting to £44,426 (2023 - £58,213) is secured on the freehold property.

15 Creditors: amounts falling due within one year

Notes
Bank loans
14
Other taxation and social security
Deferred income
17
Trade creditors
Other creditors
Accruals and deferred income
16
Creditors: amounts falling due after more than one year
Notes
Bank loans
14		 2024
£
15,156
12,567
1,408
-
19,210
35,000
83,341
2024
£
29,270		 2023
£
13,932
11,429
1,408
3,312
13,523
14,322
57,926
2023
£
44,281

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

17 Deferred income

Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 September 2023
Resources deferred in the year
Deferred income at 31 August 2024		 2024
£
1,408
2024
£
1,408
1,408
-
1,408		 2023
£
1,408
2023
£
1,408
-
1,408
1,408

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement
in funds
Balance at Transfers Balance at Incoming Balance at
1 September 1 September resources 31 August
2022 2023 2024
£ £ £ £ £
Learning and support 24,898 (24,898) - - -
19 Analysis of net assets between funds
Unrestricted
Unrestricted		 Restricted Total
funds funds funds
2024 2023 2023 2023
£ £ £ £
Fund balances at 31 August 2024 are represented
by:
Tangible assets 673,419 463,914 - 463,914
Current assets/(liabilities) 73,367 215,823 - 215,823
Long term liabilities (29,270) (44,281) - (44,281)
717,516 635,456 - 635,456

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

20 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

21 Prior period adjustment

Reconciliation of changes in funds

Reconciliation of changes in funds
1 September 2022 31 August 2023
Restricted Unrestricted Revaluation Total Restricted Unrestricted Revaluation Total
Reserve Reserve
£ £ £ £ £ £ £ £
Funds as previously reported 24,898 492,356 - 517,254 - 547,674 62,082 609,756
School fees - - - - - 25,700 - 25,700
Funds as adjusted 24,898 492,356 - 517,254 - 573,374 62,082 635,456
Reconciliation of movements in funds
31 August 2023
Restricted Unrestricted Revaluation Total
Reserve
£ £ £ £
Net movement of funds as previosly reported - 30,420 62,082 92,502
School fees - 25,700 - 25,700
Net movement of funds as adjusted - 56,120 62,082 118,202

Notes to reconciliation

The prior period has been restated to reflect school fees which were due for the period ending 2023 but incorrectly excluded.

Docusign Envelope ID: DA043742-7773-49AA-AB8B-98848930C01B

BRADFORD CHRISTIAN SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

22 Cash generated from operations 2024 2023
£ £
Surplus for the year 130,594 56,120
Adjustments for:
Investment income recognised in statement of financial activities (5) -
Depreciation and impairment of tangible fixed assets 18,300 18,062
Movements in working capital:
Decrease/(increase) in debtors 24,404 (40,224)
Increase in creditors 24,191 21,185
(Decrease)/increase in deferred income - 1,408
Cash generated from operations 197,484 56,551
23 Analysis of changes in net funds
At 1 September Cash flows At 31 August
2023 2024
£ £ £
Cash at bank and in hand 229,541 (92,637) 136,904
Loans falling due within one year (13,932) (1,224) (15,156)
Loans falling due after more than one year (44,281) 15,011 (29,270)
171,328 (78,850) 92,478