Christian Fellowshi School Trust Trustees, Re rt and Fin ia tatemen For the 31"Au 'ear ended ust 2025 Charily Registrnlion Number: 1079325 Company Registration Number". 03906000 Page Contents Legal and Administration DirectOTS and "I rustees. Re￿rt 3-11 Independent Auditor's Report 12-15 Ststement of Financial Activities and Income and Expcnditure Account 16 13alance Sheet 17 Notes to thc Financial Slalcrncnts 18-26 Christtan Fellowshi School Trust Charity Name: Christian Fellowship School Trust (Limitcd by Guarantee) Charity Regiltration Number: J079325 Company Reglstr4tk)n Number: 03906(KM) Governlng Document: Mcmorandum and Articlc5 of Association dated 13 January 21MK) as amcndcd on the 24 August 2000. Regist¢r¢d Otllee: Overbury Street l.iverpool L7 3HL Diyectorsllrusteu: O.S. Millington J.L. Oliver M.D. Ixwi5 S. Beynon Head Teacher: R.o.r. Boulton Ind¢p¢nd¢nt Auditor: Samantha Sulcliffe, FCCA ToTev¢ll Denl Lid -3 Si Ann's Pla¢e Pellon Lanc Halifax HXI 5RB Bankers: CO￿PeratIve Bank plc Busincss Direct P.0. Box 250 Skelmersdale WN8 6WT Trusleo9' Re ear endin 31M Au ust The Irusiees. who ar¢ olso directors for the puryM)ses of company law. present their annual report the financial sthtemenis for the year ending 3 1st Augusl. 2025. Reference and tlv The details are Set out on page 2. Tru$te¢s 'I'he Irustees who s¢rvcd during the year are &$ stated i*low: S Millingion M D Ixwis J I, Oliver S Beynon W F Sopwith The directors meet at least ien limes a year. Audiled accounts are approved on on¢ ofthese rKc&sions. Governln¥ Do¢um¢n¢ The charity is a compAny limited by guarantee governed by its Memorandum and Articles of Association dated 13th Janu8ry. 2(K)O &$ amcnded on 24th August 2(W). It 15 regislered as a charily with the Churity Commission. Appol*tme#t of Trnstees The director5 of the company are also chariiy Irth8i¢¢s for the purposes of Charity law and under the Company's articles of aSs￿l8110n and are known &5 thc EM)ard of directors. Under Ihe requirements of the memorandum and articles of association. trust¢¢5 are eligible &$ the Frfmrd of director& lo aprA)int additional trusle¢s. The number of members of board sh811 be not Icss than three and not more ihan nin¢. TrnJl¢e Induction ind Trainin8 New iru)i¢¢s are required to undergo trainin8 to brief them on their legal obligations on the charily and company laws. the conteni ofthe mcmordndum aNI articles of association. the commiltce and decision-making proc¢s5' Ihe bL15ines5 plan and recent financial performance of ihe charity. Trustees are eneouragcd io attend appropriate ¢xt¢rnal training events to facilitate the und¢rtaking of their role. Organ18•11on Thc dire￿orS and non-ex¢¢utive direclor5 run th¢ s¢hwl iogether &8 a board of governors. The governors are resrA)n5ible for the forniation of the Frf)licies aThJ prn¢ti¢es of the sch(M)l. The governors then delegate r¢5p)nsibility for day-to-day manag¢m¢nt ofthe school in accordance wilh th¢ set Frf)licies and practices to ihe he&d leacher with full 5UPtM)rt of the principal and senior lealership team. Relgted Parties The school has relationghips with oihei educalional organisations in the UK, in¢luding ihe Chrislian Schools, Tmst (CST) which provide5 re50urce5 and ¢xpertis¢ in ternis of developing and delivering a Christian curriculum. Rlik Min*gtment During the year, we reviewed Ihe risk rclated policies of the ¢h8riiy. such &s.' Risk AssessmenL Accidents, Health and Safety, Fir< SafeguaTdin& Staff Training and Induction aThJ Legion¢ll& hristian Fellowshi Scbool TTh51 Trustees, Re 02 Ob'ective and Actfviti The object of the Company is to promote an education b￿d on Christian principles for children aged four to sixt¢¢n. The Company aims to supFK)rt Christian families in the nurturing of their children and their fornial educalion. W¢ consciously keep our ￿h0o1 fees as low as possible by means ora bursary sch¢m¢ based on atTordability so that the Sch￿1 is accessible to ¢v¢ryone. The school aims to promole a vision and understanding of Christian FAlucalion both in the UK and elsewhere so that as pupils movc on lo further educalion and adult life. they will have an app￿ClO110n of how to apply their faith. being equippcd lo serve as global citizens. This requires ihe devcl(?pmenl and provision of a comprehensive approach to lea¢hing that combines a clear and distinctive Christian world-view with a Christ￿ntr¢d Cu￿lCUlum. Some of the EM)licieJ the ￿h0o4 lrnplements to achieve itj aimg Promotion of the values ora Christian home. Pmmolion of a proactivc culture of partnership and mulual rcsped, with supwrt and colla￿ration between staff, parents and childr¢n for thc bcnefit and su¢¢w of pupils and the whole community The application of the principles of Christian values throughout the teaching and learning process. A system of nurture and direction of the children that includa Christian lov¢ and discipleship. Trdinin8 of staff and supwrting school families to engagc wilh pupils in the oulworking of a C'.hristian world-view within a coniemporary sociely and Culiu￿. Selling up finan¢i81 structures will enable th¢ ￿h0o1 to achieve its goals with the resources Available. Communication ofihe aims and PUryKJses of the school amongst th¢ wid¢r community. Leadenhip Thc board of directors of Christian Fellowship School (Cl,'S) Trusl is an agilc tcarn of four, who additii)nally servc as members of the IM)ard of govemor5 - this integraied and flexible leadership team works direcily wilh ihe head teacher and principal. lo lead in specific roles of: finance, infrastructure, education, curriculum. pareni collaborntion. safeguarding. marketing, technology (inc. cyber security) and slaff welfare. The head icacher is 5UPP)rt¢d by a principal who focu￿5 on l¢adin8 Ihe non/0 in 2020, 1 OOO/o in 2019 and 830/0 in 2018. EBa¢e In Ihc 2025, 680/9 of students were ¢nlered for the ellacc suite of subjects (two sciences, a modern foreign language and a humaniiies subjccl. in addition lo English and Maths) - ¢ompared with 890/0 in 2024, 57¥c+ in 2023, 770/0 in 2022, 620/0 in 2021, 760/0 in 2020, 88 /0 in 2019 and 83010 in 2018. Our avcrnge F.B￿C point 5C()re (including all pupils in Ihc cohort) is 6.2, compared with 6.65 in 2024, 6. in 2023. 6.1 in 2022. 6.7 in 2021, 7.1 in 2020, 6.8 in 2019 and 5.9 In 2018. For comparative purposes, our average ￿1n1 %ore in 2024 was th¢ high¢st average poinl score in non-selective schools in Livcrpool. Thc ncxt ranking school's Eljacc point score in Liverwol was 5.2. The natiunal average F.B8cc p)tnt score is 4.1. All Core Subjects { /tr Ivltb Passes al Grade 4 or S) In analysing our perfomiance in the core subjecls. we note that each ycar's cohort is numerically small compared to m05t olhcr s¢h(x)Is, meanin8 that one pupil can make a,significant difference. Also cohorts can change significantly from year to year in tcms ol whcthcr thcy are biased toward5 academic subjects r)r towards urea(ive and practical subjects. This makes year-on-year comparisons less valid than in schools where student numlxrs gr¢akr and ihc cohort profiles less variablc. Trustees, Re ort For tbe 'ear endin 3111 A ust 2025 2025 2024 2025 2024 Gradc4 Cprnde4 Gr4d¢5 Grades or higher or higher or or hi%her h*her 89°A 10(V/• IOOO/• 81r/ IOIY/o I￿/. lo￿/￿ IIMV/o English Language English Liternture Science 'frilogy 8Y/o 721J/o I 0￿/0 lo￿/0 riill Bi0108y Chemistry Physics. Religious Sludies French* History PE Short Art. I(KWo l(MP/ Jo0/ lo￿/* ioir/• iThr/ I(KP/o I (MP/o lo￿/0 iooii/ loo% 920/0 94Yo I(MY/• lo￿/0 IOOVO 940/ 75Yo 82Yo 870/• 830/4) 8￿/ 10(V/o 750 lo￿/¢ * Figure5 based on the per¢¢n¢a8¢ ofstudcnts who studied the subje¢t Flexid Subjects The number of pupils cntcring flexi-subje¢ts ar¢ too small to make valid statistical wmparisons. Parents and Friendj Collab(Jrntive (PFC) During the academic year. (iovernors continued to develop a scn5¢ of ¢ommunily and developed 8choDI inilialives. Two in-person PFC meetings were held, providing an oppx)rtunily to engage with a wider school community and wmmunicale key development and planning a¢tivitie5. Thcsc included subjects such us our four yegr strategic plan, impact of VA T on fees, rcfurbishmeni of ihe building.8, Safeguarding, online safety. fundraising* volun*cringy wmmunity en8agcment and curriculum development. Parent-lwj pl4ygroup* Pgr¢nts In Partnership with School (PIPS) PIPS conlinu¢5 to bc on¢ ofthe kcy vchiclcs for new families lo join (Jur school community and mov¢ on into full-time edwation in Reception. The group nomially meets Iwice a week. PIPS aims to: Offer parents and their pre-￿h0o1 childrcn regular opportunities to play* fellowship. explore aspccts of Christian parenting, supporting each other. and having age 8PPTopriate slots for teaching bible stories, singing and praying with their Children. Intruduce families lo the distinctivc vision of school. 8￿/0 of PIPS chtldren join Ihc school as pupils in Reception. Chrigtian Fellowshi Sehool Trust Trvsteeg, Re For the 'earendin 31" Au ust 2025 Gifts And Donations Received A large numbcr of sundry gifts and donations were receivd by the school during the financial year, totalling £137,603. This provided an opwrtunily to invest in building rcpair& fixtures and fittings. and on8Otn8 investment in technology to sUp￿rt digital learning. Loans In support of the renovation5 of thc school buildings. theTe ar¢ & numlKr of famili¢5 and businesses associated with the school that have made loans ￿ the school, the main une of which is a 10 year mort8a8e. Public Benefit The directors and 8overnoTS are continually considering the opporiunity of making the school accessible lo manyj and also that somc of the school's focus and activities arc of benefit to others outside thc school community. The school building and facilitics arc used by10¢81 communities for activities such as: Church confeTcnces and wmmunity s￿rtS Clubs. Onc local Church uses the school building for their Sunday service5. Rcgiilar clothing Collections are made for Second c.hance Charity Shop and the work of Asylum l.ink (ALM) and BridB¢2 are supported Ihrough collcclions and a food shop for Asylum 5e¢ker5 each December. 'I'he Fquipped lo Serve programme in ljpper School is dc5igned spycifically lo equip youn people lo Ixcomc aclivc citizens who are growing in and displaying Christian valucs. Examp1¢5 of projeets are.. Uppcr School classcs ore actively iiivolved in the leading the school-wide collection of groccrics for tlie Reverse Advent Ciilcndiir Campaign. supporting Ihc Liverpool Mi¢ah Pi'oj¢¢l F(i()d Flank Conlinuing with our aiinual exchange programme with a school in the Netherlands (also involving Ihe sharing of leaching cXpCrti￿ and Citizenship values bctwcen staff of both SLhools). Finmncial Accessibility Fcc5 ar¢ as low as possible, to enable access to a wide range (Jf families. • The s¢aff in cffecl supplement the school's income by taking very low salaries. Som¢ work voluntarily. An independent commitlee manages a hardship fund for families in financial crisis. The school adminislern a schcm¢ to help wilh fees in specific cases such as asylum 5¢¢kers. A rangc of bursaries of up to 750/0 are off¢r¢d to familie5 Wlth low inwmes. The fee structure reflects reductions for siblings. tiAn Fellowshi chTh)l Trn Tru5teu' Re ort For the 'ear enditt 31￿ Au ujt 2025 Financiwl Rcview The results for the year are sel out on pages 13-22. Investment Power5 and Policy Under the mcmorandurn and arti¢lcs of awjciation. the charity has the w>wer to invest in any way the trustees deem appropriate. The directors have esthblished a policy where sury)lus funds. which are not required for thc day to day running of the school. art invested in a deryjsit account with the Company's bankers. Reserves Policy Thc dircclor5 hav¢ eslablishcd a reserves p)licy aiming to have free reserves to cover six months of expenditure. Grant Making Policy The directors make 8rants to deserving causes Tn Mwn5C to Specific requc.sLs made to them. PI8M$ for Future Periods 'I'he tru.stees are continuing lo work with thc govcrnors and head ieacher to estsblish the school to be thriving and sustainable for the next 30 years and accessible to morc families. 'I'he school development plan was regularly reviewed during ihc 2024-25 acadcmic year and conlinued to Teflecl updales resuliing from f¢cdback from inspectors provided in June 2023. The primary objectives of Ihe plan arc to grow Ihc schwl to capacity. establish ncw funding streams, to develop the curriculum and conlinue lo slrcngthcn thc quality of *aching to ensure outcomes continue to improve, and to refurbish the school buildings - improving their energy efficiency and m8inlainin8 a safe and wsitiv¢ learning environmenl. In July 2023 the school commenced a redevelopmenl of 50rne of Ihc lower ￿h0o] classrooms remodelling these are&5 into purrK)5e buili classr(M)ms and support areas. Thi5 development further increased the themial efficiency and energy pcrforniance ofthc building which is moving thc school towards ihe large( of reducing our over811 energy costs. There are further plans moving fonvard to continue to upgrade upper school classrooms and modernisc the building heating system. As wc continu¢ to welcome new families wilh English as a sccond languagc, many new to living in the UK. we are equipping our staff and community with skills to relaie cross-culturally and adapt our educational appmach as far as possibl¢ lo inlegrdlc thcK families. Of particular notc is progr¢ss in broadening thc scope of the curriculurn to embrn¢e a greater cultural diversity of topics. io H'shi .%ehoi)I 'lru$t Trust s'Re ar cndin st2 Tru$toes' Rwonslbllltl¢s In Rel•tlon to the FlTr*DclAI StA¢¢meAt CompAny ertd Ch•rity1ow r¢qiitres ihc ITh￿￿¢$ io pffewe flngnci•l itatements for uch (￿•0¢111 year whil'h ¥ivc a Iruc ond fair vicw of the styte of affairs of ih¢ cOMp￿Y ind of lis wry>lus or d¢fi¢it for th•t y¢ar. In pr¢parin8 Iha¥L' nn•nci#l *alemenu. thc Iwsi¢ex Arc wuired ty: %elecl withbl¢ accouniing poli¢i¢$ and then ipply them eoNiJtendy tmakc Judgm¢n￿ ond cstimatcs thgt ar¢ r¢8sonable and prudenl • stale whcih¢r appl?¢able Accounlin8 Standgrds and Statcments of Recommended PTgrfi¢¢ hive beon follow¢d. subi¢¢¢ to *ny d¢p#rtur¢s di5¢1o$ed and cxpl4itied in the financial sl•temeols pr¢parc the finan¢i•l statements on Ihc 80in8 con¢crn b•siJ unl¢ys it li inippropriats to pmume thi¢ the company will coniinuc in business. Th¢ Iru$1¢¢5 Dre rcsponsibl¢ for k¢epin8 prop¢r a¢couoiing ￿cordS which di￿10$¢ with reawnable accuracy at any tiin¢ the finbncial position of the company Ond to emble them to ensujr Ih4t the fin￿Cial stat¢m¢nts comply with th¢ Compani¢s Au 1985. They arc also ￿SPonsIble for uf¢guArding the •J￿ts of Ihe company and hence fortakin8 rwonabl¢ st¢p$ for prov￿￿1{￿ ind d¢¢¢dion offraud. •nd other irr¢gularities. In accr)rdan¢o with Company Law. #s th¢ compun)ts direclorn, •At ¢enify that.. o fllr as wc thw#rc. Ihcre is no relc%•ni Audii inforn)Jlion ofwhi¢h th# 8udiiorJ are uii•i¥ and • 4$ lh¢ directors of the companyk ￿ have lakcn all ihc ￿¢Pl that W¢ OU8ht to hav¢ taken in order make ourselves Aware ufany rcl¢Yani gudii infornialion and to tsiablish that the t￿rity'S uditor5 ore 4warc of ih•¢ infomjaiion. iyrl nfo lo ,lud ors So far os the In￿1¢¢$ •fe *ware. there is no r¢1cv￿1 audii infonnation (Is d¢fincd hy Secli<>n 4111 of th¢ Compani¢s A¢t 2006) 4)f which th¢ company's audilor is unawaro and ¢ach Intsiec has thken all the steps Ihat OU8ht to have tsken us a inL%iCC in order to mak¢ then)selvcs aware of any relevaDt audit infonnation and 10 esthblisli thai the company's auditor is •ware of that informalion. Thij r¢port approved by the Bo•rd of Tlustecs OD ..... , 8nd signcd on its bch•ifby: M D L¢wi$ Trnstee Christian Fellowshi Sch l Trnst Inde dent Auditor's Re rt lo the Trnstees of Christian Fellowshi School Trust For the 'ear endin 31° All ust 2025 Opinion We hav¢ audited the financial statements of Christian Fellowship School Trust for the y¢ar ¢nded 31 Augusi 2025 which comprises thc statement of financial activities. the balance sheet, and the related not¢s lo the financial statements, including significanl accounting policies. Thc linancial reporting framework Ihat has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Finan¢ial R¢w)rting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accep*d Accounting Praclice). In our opinion the financial slatcments: give a true and fair view of the slate nf the charitsble company's affairs a.s at 31 August 2025 and of its inc(?ming resources and appli￿tIOn of resources. including its incom¢ and cxpcndilurc. for the year then ended. havc been properly prepared in accordance with United Kingdom Gcncrally Accepted Accounting Practicc. and have been prepared in accordance with the requirements of the Companies Act 2(M)6 and the Charili¢s Act 2011. Basij for opinion We conducted our audit in accordance with Intcmalional Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those slandards ire further d¢scri￿a in the auditor responsibilities for the audit of the financial statements sttiion of our rery)rt. We are independent of the Charitable company in accordance with the ethical requiremcnts that are relcvant lo our audit ofthe financial stalements in thc UK, including the l.'RC's F.Ihical Stsndard, and we have fulfilled our other ethical responsibililies in accordance with these rcquircmcnls. We believe thai thc audit cvidcnce we have obtained is su￿1¢1¢nt and appropriate to provide a basis for our opinion. Conclusions rel4¢ing to going coneern In auditing the financial 5talemenls. wc hAvc concluded that (he tTuslces' use of the 8oin8 con¢em basis of ac¢ounling in the preparation of the financial statements is appropriatc. Based on the work we have performcd, we havc not idcntificd any material un¢¢rtainlies relaling to ¢vcnts or conditions thaL individually or collwtively, may casl significant doubt on the Charitsblc company'y ability lo continue as a going concern for a period of at least twelve months from whcn the financial statements arc authorised for Iss￿. Our responsibilities and the responsibilities of th¢ trustees with respect to goin8 concern are described in the relevant seclions of this report. Other inforniation The other inforniation comprises the infOrn￿tIon included in the trustees. annual reporu thc financial statements and our auditor's report th¢Teon. The trusle¢s gre responsible for the other infomiation containcd within the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to Ihe extenl othetwise explicitly stated in our reporL we do not express any forni ol assurance conclusion thereon. Our reS￿)nSIbIlity is to read ihe oiher infomiation and, in doing so. consider whether th¢ oth¢r inforn18tion is materially inconsistenl with the financial slatements or our 12 Inde ndent Audilor's Re hristian Fellowshi For the 'ear endin 31" Au ust 20 knowledge obtained in the course of thc audit or otherw'ise appears to be materially mi5ststcd. If wc idenlify such material inconsistencies or apparent material rnisslat¢m¢nts, we are required to deterniine whether this gives rise to a matcrial misstatement in the financial slatements themselves. If, based on the work w¢ have perfomled, we conclude that there is a matcrial misstatement of this infomiation. we are rcquir¢d ￿ re￿rt that facL Wc have nothing to report in this regard. Oplnion ott other mgtten prucribed by the Companles Aet 21)06 In our opinion. based on the work undertaken in the course of ihe audit: thc infomalion givcn in the trustees, report for the f7nanci81 year fi)r which the financial siatements a￿ prepared is consislent with thc financial statements: and the trustees, report has bccn prepa￿d in accordance with applicable legal requirements. Matters whith we are required to report by ex¢epilon In the light of the knowledge and understanding of the chariiable company and its environment obiained in the course of Ihe audil, w¢ h8vc not identified material misstalemenis in the trustecs report. We havc nothing to rep)rt in respect of the following mallcrs in relation to which Cornpanies Acl 2006 and Ihe Charities A¢t 2011 requires us to report lo you if, in our opinion: adequatc and sulTicient aecountin8 record8 have not been k¢pt by thc charitable company. or the charitable company's financial stalcmcnts are not in agrttment with the accounting records and relurn5' or certain disclosures of directors rcrnuncrntion specified by law are not made. or we have not received all the inforniation and explanations we require for vur audit. Responsibilities of trustees As explaincd more fully in Ihc trustccs, rcsponsibilities statemenl (sel out on page I l }, the trustees (who grc Also directors of the charity for the purpo￿% of company law) are responsible for the preparation of the financial slat¢mcnts and for being satisfied that they give a truc and fair view, and for such internal control gs the trustee8 delerniine is necc5sary to enable preparation of financial statements that are free frum material mi55tstement, whether due to fraud or error. In preparing the financial statements, the truslxs are responsible for assessing the charitabl¢ company's ability lo continu¢ as a going concern, disclosing. &s applicablc, matters relatcd to going concern and using the going ¢oncem basis of accounting unless the trustees either intend to liquidate the charitable company or to re&8e operations, or have no r¢ali5tic alternative bui to do so. Auditor reJponJibilities for the Audit of the financi41 ststements We have been oppointcd auditor under the Companies Act 2006 and section 151 of the Charities Act 2011. Our objectives are to obtain reasonable assuran￿ aknut whether the financial statements as a whole are free from material misstatemenl. Whether due to fraud or error, and to issu¢ an auditor's repN)rt that includes our opinion. Reasonable assurancc is a high level of ￿SuranCe, but Is not a guarantee that an 13 Inde endent Auditor's Re rt ¢0 the Trustee5 of Chris1i4n Felloiv$hi School Trust For the 'e*r endin 3111 A ust 2025 audit conducted in accordance with ISAS (UK} will always detecl a material misstatement when it exists. Misstatements can arise from fraud or error and arc considered material if, individually or in thc ggrcyte, they could rcasonably be expected to influence the economic decisions of users taken on the basis of these financial slatemcnts. Irregularities. including fraud. are instances of non-compliance wilh laws and regulations. We desi¥n procedures in line with responsibilities. ouilincd above, to detecl material misstatements in respect of irregularilies, including fraud. The extent to which our procedures arc capable of delecling irregularities, including fraud is detailed below. In planning and designing our aLKlil tcsts. we identify and assess the risk <)f material rnisslatement wiihin Ihe financial slalcrncnts, whether due to frdud or error. Our assessment of th¢sc risks includ¢s consideration of ihe naiure ofthe industry and seclor. the conlrol environment and the business perforniancc along with the results of our en4uiries of managcm¢nt. al)out their own identification and ossessment of the risks of irrcgularities. We are also required to pKrform specific procedures to respond lo Ihe risk of m8naBement override. Following this assessment we con.sidered the opportunities and incentive5 that may exist within the company for fraud and id¢nlificd Ihe greatest Fx)t¢ntial in evalualing Ihc revenuc rccognition and processing of cash transactions. We also obtained an understanding of the legal and regulatnry frameworks Ihal ihc company operate5 in, through discussions with directors, Iruslees and oih¢r managemen( and from our commercial knowledge and experience of th¢ scctor in which the company operatcs, to cnable us to i(kntify the key laws and regulations appli¢8ble to the company. Wc focused on specific luws and regulalions which we considered may have a dircct material effect on the financial stsicments or the operations of the company, including Ihe Charities Aci 2011, Ihc Companies Act 2006. taxati(Jn legisllllion. dala prolcclion, Anli-bribery, employment, cnvironmental and health and safety legislation. We then perfomied audit Procedu￿$ after considcration of the above ri8ks which included the following: perforniing incovne completcncss testing to ensu￿ irthme has bccn recogniscd in the year in which Ihc income relates. obiaining a detailed underslanding of the system for processing cash trdn5a¢tTons' obtaining a dclailcd understanding of the syslem for authorisin8 expense invoices and credit card trAnsactions' enquiring of manag¢ment concerning actual and potential litigation claims: reviewing correstK)ndenLe wilh HMRC, and the company's legal advisors: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatcment due lo fraud. reading minutcs of meetings of those charged with governance. and In #ddressing the risk of frdud through management override olcontrols, tcsting the appropriateness of journal ¢ntries and other adjuslments. assessing whether the judgements made in making accounling cstimates are indicative of a polcntial bias; and evaluating the business rational¢ of any significant transactions that are unusual or outside the nom&l coursc of busine5S. All engagement team members were informed of the relevant laws and regulations and tKTrt¢ntial fraud risks at the planning stag¢ and reminded to remain alcrt of any indications of frnud or non-compliance 14 Fellowshi School Trust Inde ndent Auditor'y Re rt to the Trnstees of Christian Fellowshi School Trnst For the ear endin ust 202 with laws and regulations throughout the audiL 'I'he engagement partner ensured that the engagemcnt team collectively had the appropriate competenLr. capabilitics and skills to idcnlify such items. 'I'here are inherent limitations in our audil procedures aiK)ve. The more removed from laws and rogulalions arc from financial transactions, the less likely it is that we would become aware of non- compliance. Auditin8 5tandard5 also limit thc audil procedures r4uircd to identify nun-Lumpliance with laws and regulations to enquiry of the directors and other managemenl and the inspection of regulatory and legal correspondence, ifany. Material mi&statements that arise due to fraud can be harder ￿ detect than those that arise from error as they may involve deliberate concealment or collusion. Key Audit Matter: Related party capitsl funding arrangernent The accounts conthin significani liabilities from a capital fundin8 arrdn8ement in which g trustc¢ of thc charity is als0 a direclor of the cornpAny providing ihe funding. Wc cnsured thai ihe transaction was properly authoriscd. and dI￿105¢d in accordanc¢ with l.'RS102 Section 33 And that governance procedures ensured the transaction was at aThs-Icn8th . At the time ihc loan was Made. the d1￿ClOr not a Trustee of thc charity and thcrcfore did not influence decision-making. A further description of our resp)nsibililies is available on the FRC'S webqile at: htt ￿'.1/wwW.FTC.0r y uklauditursl8udit-assurance/auditor-s-rcs nsibilities-lor-the-audilryof-ihe- fildescri ion-of-the-auditoe/oE2 /￿s￿/099s-rcs nsibilities-for. This descriplion fornis part of our auditor's Teport. We ¢ommuni¢ate with those charged with governance regarding, among other matters, the planned scope and timing of Ihe audil and significanl audit findings, in¢ludin8 any si8nifi¢4nt deficicncies in internal control ihat we identify during our audit. Use of our report This report is made solely to the charitable ¢ornpany'.s member5, &$ a body. in accordance with C.hapter3 (if Part 16 of the Companies Act 2006 and to the charitable ¢ompAnies trustccs. as a body. in accordance with Part 4 of the Charilies (Acounts and RepDrts) R¢gulation5 2008. Our audit work has been undertaken so that we might statc to thc charitable company's rncmbers and ils trustees those maltcrs wc arc required to state to them in an auditors report and for no oiher purwsc. To thc full¢sl exlenl pemiiited by law, we do not acc¢pi or assumc responsibility to anyone other ihan the charitable comp8ny and Ihc ¢haritablc company's members as a EKxly and the charitsble ¢ompany'"s trustees as a tXKly, for our audit work, for this reporL or for thc opinions we hav¢ foTmd. amanthA,I Sutcliffe (F.C.C.A) (Senior Statutory Auditor) Forand oll behalf of Torevell Dent (Audit) LLP Chartered Certified AccountsDts 1-3 St Ann's Place Pellon LAne Halifax HXI 5RB 20-0540 15 Chri¥tian Fellowshi School Trust Unrostricted Restrieted Fund5 Funds Total Funds 2025 2024 om IDeome and emdowmcnts from Note l)onations and legacies 199,485 199,485 108,772 Charitshle activities 954,215 988 954,215 988 858,314 936 Invcslmcnt Income Total 1,154,688 1,154,688 968,022 ndltu ExpeDdl¢ur¢ on Raising ￿ndS 770 770 1,761 Charitable activities 1,116,407 1,116,407 997,263 Other 22,522 22.522 9,293 Total ,139.699 1,139,699 1,008J17 Net IncomeJ(F.xpenditur¢) 14.989 14,989 {40295) Net Movement in Funds 14,989 14,989 (40295) Reconciliatloll of Funds Funds brought forward at I septemi￿r 2024 Transfer b¢twc¢n Funds 221.785 696,449 696,449 (696,449) 918,234 958,529 Funds earried forward at 3151 August 2025 933223 933,223 918,234 There are no unrrfognised gains or losses. The notes on pages 15 to 22 forn) part of these financial statements 16 207.4 2024 Flxed A$sei$ Tan8ible Assets ,539,976 IJ50.720 Current Assets Siocks Debi*xs Cash at bank And In hw 12 13 5.283 77J96 53,023 6.790 63,456 86.804 135.702 157.050 wlthln UDI. i'¢xr 14 (174,142) {165,257) Net C'.urttni l.iAhllltle% 138,440) {8207) C'rodlti>ri• An10￿015 (*lUui dut fier Tot•1 ,N¢t Ai*et5 9.13,22J 918234 l.,iirLStn¥l¢ RLStrictcd 933,223 221.715 696,449 9J3,211 918,2J4 Th¢ dire¢tor% )¢knowled8¢ Ih¢ir yes￿IbilI1)eS for: (DI ¢nsuring Ih4t th¢ Company keeps ftc¢ouniin8 iecoyds wh*h ¢•mply with Scdion$ 386 and 387 of the CornpJnl￿ Act 2￿ fjnd prq)arin8 firtsw¢i¥l s￿RMents which 8i¥C f•ir ofthc S￿1¢ of affairs of the Compxny ¥ •t the ettd of cach financhal vcarand of its profit or loss for ¢•ch fiTwwial yL* in a¢eordance with thc requir¢ments of S¢¢tion 394 and 395 which oth¢N?se Comply iviih the requir¢mcnty of LompaniLS Act 2006 r¢latin8 to rin8￿1￿71 $tatLYrt¢nw.qo far ai appli¢abtc io ih¢ Company. (b) financilll it*em¢nts hA￿been ID ilkX(KdvK¢ wilh the 4e£iil ry0yisirm￿Or Paft 15 of Iht Companle% A¢1 2(K)6 relaiin8 ￿ $mill conipanic$ ihe Fin*Kial RwportinB Sund•rd (SQRP} 102 lcffcetivc Janu•ry 2015) 20 202 Appml'cdtythe Tnstr¢son.......... . .. AAI on thcir Ixhalf by: . Dlreeti>r 4rid 1"rU.￿ 'Ik¢ ni)tc.' on pag¥S 15 lu ?2 'iiThl part (Trl-Ilxs¢ fiiunLial <14lLni¥lll$ Notes to ihe FinAneial Statements For the 'ear eDded 31" Au $¢ 2025 l. Accounling Policies The financial statements have been prepared in accordance wilh the Financial Reporting Standard pplicable in the UK and Rcpublic of Ireland (FRS102). the Companies Aci 2006 and the Stalcment of Recommended Practice for Charities (SORP 2015) (Seci)nd Edilion.cffective l January 2019) applicable to charities preparing Iheir a¢counls in ￿OrdanCe with the I'inancial Reporting Standard applicabl¢ in Ihe UK and Republic of Ireland (I,-RS 102)- The accounts are prepared underthc historical ¢05t ¢onv¢nlion with ihe exception of the valuation of certain tangible fixed asscls. Fundy General funds repre.sent the funds of the chartty that are not subject to any resirictions regarding thcir use and arc available for application on the general purp05¢5 of Ih¢ ¢harily. Funds d¢signat¢d for a particular purwsc by th¢ tru.￿¢¢5 are also unr¢strictcd. Rc5trictcd funds are funds subject to specific conditions IM￿Sed by the donors or thmugh the temis of an appeal. Income Incomc comprises thc amounts receivable in respect of fecs. grnnts. donations. and rcnt and are accounted for in the Statement of Financial Aclivilies when the charitsble company is legally entitled to the income and Éhe amount can be quantified with Tca50nabl¢ ￿¢ur￿y. Donatlons, l¢g2eies And other income Donations received by way of granls and gifts are includcd in the Ststement of Financial Activitie5 in the ycar in which they are received by nr on behalf of Ihc charity. Grants, where Cnliilemcnt is not conditional on ihe delivery of a specific ￿rfonnanCe by the charity, recognised when the charity becomes unconditionally cntitlcd to ihe grant. I'he charity received substantial amounts of donations fTDffl its suppx)rters, but no attcmpt is made to place a financial value on the 5ervice5 and they havc noi been included. Grants Receivoble Granls arc crcdited to the Ststement of Financial Activities in the year in which they are receivable. Other ltt¢om¢ Rental income from the letting of the charity's premises is recognis¢d when the rental is due. Income from Jnvcstments Interest 15 accounted for when due and payable. Expenditure Grants Grants and donations ar¢ arwunted for whcn paid over, or wh¢n awarded, if that award creates a binding obligation on ihe charity. 18 Christian Fellow h l Trust otes to the Financial Stgtcment5 For the isl Au ust 2025 eonlinued l. Accounting Policies (continued) Costs of Genernting VoluntAry Income All expenscs rclating lo fundraising. publicity. public relations and investment management charges are charged to this heading. Charitable Activitles Charitablc aclivitics comprise of those costs incurred by the charily in the delivery of ils aclivitics and services for iLq beneficiaries. It includcs tK)ih Ihc costs that can bc allocated directly to such activities and those costs of an indireci natu￿ necessary lo support thcm. Other c.osts Thcsc costs rclale to the governance of the company itself. as opposed lo the management of charitable activities or fundraising and publicity. and arc primarily associated with constitutional, statutory and legal requirements. IrrecoverAble VA T All r¢svurcc5 ¢xpcnd¢d arc classified under activity headings thal aggregate all ciTrsts related to the category. Irrecoverable VAT is charged against the caiegory of resources expended for which it was incuryed, Tangible Fixcd knets and Depreciation Deprcciation is provided at rates calculated to WTite off thc cost Icss residual value of each assel over ils expcctcd useful lifc. as follows: Freehold, Land and buildings rixture and fittings ICT equipmcnt, including computers Website Lusts Motor vehicles 15 % reducing balance 33.330/0 on cost 2￿/0 on cost 251/10 rcducing balance All equipment, fixture and firtings with an original cost of le55 Ihan £5(M), are written off in the year in which thc expenditure was incurred on the b&sis thai due io the nature of thc company's activilies. there is no expectstion that the cosl of ihe assets will be recovered in the way of future revenues. Ch4ritgble St%tUS And TaxatK•n As a regist¢rcd charity, the company benefits from ralcs rclicf and is genernlly cxcmpt from income tax and coryx)ration lax. The charity is rcgistered for Value Added Tax. 19 Christian Fellowshi Notes to the Financial Sta¢eJneD¢s ust 202 2025 2024 2. Voluntary Income Sundry donations Income t&¥ recoverable 184.680 14,805 93.032 15.740 199.485 108.772 2025 2024 3. Ineoming Resources from Chlrilxbk Aellvlli Examination fees Gran15 AI.PS Support fee School fees School trips income Min-y-don trips income Flexi-Ed fee5 SEN fees Swimming fees Christ Church- rent Sundry income ¢hool play 1,330 14,153 5.558 735,660 14.963 6,960 4,349 135,040 17,845 14,398 1,443 2,516 495 6.023 650,414 28.974 15.925 1,693 106,542 16,890 20,127 11231 954,215 858,314 2025 2024 4. Investment Ineome InteTest received 988 936 20 Christian Fellowshi School Trnst NoteJ to the Fin¥ne?¥l Statements For the 'ear ended 31" Au trust 2025 conliny 2025 2024 S. Fundraising Trnding Cost of sales 770 1.761 2023 2024 6. Charitable Attivities Wages and salarics F4ursary fund School play expenses Staff CRB check8 Rent and rates lire of facilities Insurance Heat and light Repairs and maintenance Ground maintcnancc Flank charge.5 and interest Donations and gifts Education materials Examination fees License ctc Motor and travel expcnses Ricoh print¢r: Copyright systems Printing. postsgc ond stationery Refreshments ALPS Materia15 School trips cxpcn5es Conference15taff Iraining wsts Sport5 facility expense5 Sub8criplions Tclephone Sundries Ikpffciation 846.865 16.118 2,026 437 17,664 7,022 22.777 13,917 25.205 4.738 21.008 2.￿¥ 12,549 11.258 8.373 5,168 4,316 5.413 1,162 1.408 29.044 4.142 725,259 860 656 18,021 10,713 17.503 23,679 29.846 2.926 22.944 1.497 12,423 6.694 1.964 8,179 2,352 12,583 802 573 41.499 4.004 2,100 2,642 483 4.564 42,497 3,412 3,815 4.664 41,898 1.116.407 997.263 2025 2024 7. Other Costs Legal and professional costs Audit f¢d Independent examination 15.922 6.600 6.753 2,540 22.522 9,293 21 Christian Felloivshl School Trust otL¥ to the Financial Statements For the l'ear ended t 2025 cohlinued 2025 2024 8. Net Outgoing Resources Net outgoing r¢sour¢e5 Are staled after charging: Depreciation on tangiblc a5￿t5 Audit feellndependent examination 41,898 6,600 42,497 2,540 48.498 45.037 2025 2024 9. Sl*ff Costs W8g¢s and salaries 802.771 694.860 Social Security Costs 44,094 30,399 846.865 725,259 The average number offull-timc equivalent (includin8 casual and part-tirnc stslp employed by the company durin8 the year w&s as fullows: 2025 2024 Building maintenance Teaching and support staff Office administration 29 35 During the year the charity ¢mployed members of staff as detailed 81)ove. Nonc (2024: None) of whom earned more than £60,000 p.a. The trustees received £Nil remuneration (2024: £Nil) during ihe year. Twstees were reimbursed trav¢lling and subsistence expenses of£Nil (2024: £Nil) for thc year. There wcr¢ no oth¢r transactions requiring disclosure in respccl of irustees. persons closely connected with them or other related parties. 10. Pensions The charity's Pension provider is currently Aviva. The 5tsging datc was l August 2015 with 42 mcmbers as of 31 August 2025 {2024: 42). 22 Christian Fellowshi School Trusl Notes lo thc Financial Statements 'ear euded 31 Au ust 2025 continued 11. Tangible FiJed Assets School & Flxtsres Office rittings & Motor Equipment Equipment Vehiel Fr¢¢hold l¥nd & Buildings Totsl Cost As at I" September 2024 Addilions DistM)sals 1.771.192 19.738 50,652 2,539 15,237 7,677 11.000 1,200 1.848,081 31,154 As at 31 August 2025 1,790,930 53,191 22,914 12,200 1.879.235 DepreciAtion As at I" September 2024 Charye for Ihe year Disposals 241,304 35.819 41,740 2,491 6,797 2.418 7.520 1.170 297.361 41.898 As at 31. Augu￿ 2025 277,123 44,231 9,215 8.690 339.259 Iyet Ilook Valuc As at 31" August 2025 I J13W17 13,699 3,510 1,539,976 As at 31° August 2024 J,529,888 8.912 3.480 1.550.720 The freehold buildin8s consist of the school buildings at Overbury StreeL Liverp￿1, L7 3FIL 2025 2024 12. Stocks 5,283 6,790 5,283 6,790 The closing stocks are valued at cost or net realisable value, whichever is the lower 13. Debtors 2025 2024 Trade debtors VAT refund due 34,521 42.875 24.418 39.038 77,396 63.456 VA T refund due i*ithin l year VA T refund duc in more than l year 5,359 37,516 42.875 23 Chmtian Fellowshi ch(K•l Trnst Notes to the Financial Statements For the 'ear ended 31, Au ust 2025 eontinued 14. Creditors: Amounts falling due within one year. 2025 2024 Trad¢ Creditors Other taxes and Social Security costs Accruals and dcfcrred inc4)me l.oans VA T Creditor 8.147 15.904 57,250 60.978 31.863 36,414 12.(K17 52,646 64,190 174,142 165,257 Creditors: Amounts falling due after one year. 2025 2024 Loans 568,313 624,279 568.313 624,279 15. Anatysis of Net Assets by Fund Unristricted Funds ReJlricted Funds Total Fixed assets Current assets Current liabilities Non-currcnt liabilities 1.539,976 135,701 {174.142) (568,313) 1,539,976 135.701 {174,142) {568,313) Fund b•l*n¢e 933,222 933,222 16. Movement of Futhds AsAt 01109r2024 Incoming Outgoing Revaluation Transfer8 311812025 Unrestrleted funds 221,785 1.154.687 (1,139,699) 696,449 933,222 Rcstricted fundy Revaluation 696.449 (696,449) Total Funds 918,234 1.154.687 (1.139.699) 933.222 24 Christian Fellowshi School Trust Notes to Ibe Financial Statements For the ear ended 31" Au ust 2025 continued 17. Fund Dethiiy Details of the various funds held by the charity ar¢ 8$ follows: Unrestricted Funds General fund Any monics not includd in any oth¢r fund Restricted Funds Building Renovation LA)ans Fund lowards the ongoing building renovation in the school. During ihe ycar, thc trusiees reviewed the balanLc of£696.449 shown within ￿StriCted fund& which related to the uplift in the carrying value of the charity's premises following a revaluation undertaken in 2019. The prcmises were originally acquired and r¢novaled using funds that had been raised for thal spc¢ifi¢ purpose. The trustees have confimlcd that the restricted purp)se - the purchase and renovation of the building has been fully met, and the prop￿rtY continues to be used for the charity's general purposes. As the revalualion reserv¢ reP￿s¢nI$ an accounting adjustment t() reflect the Lu￿ent market value of the propcrty, rather than unspent restricted income, thc truslccs have detemiined that the restriction has ceased to Apply. Accordingly. the balance of £696,449 has been transferred from rcstriclcd funds to unrestricted funds during the year. This rxlassificalion has no impact on total funds, income, or expenditurc for ihe FKriod. 18. Relatcd PArty Transactions Th¢ Sch(x)I received capital funding in 2023 and 2024 of £640,000 Fir511.eaf l.imited for the purw>se of renovating th¢ ￿h0o1 building at Overbury Sireet. A trustee of thc Charity is also a director ofFirsl Leaf Limited. and therefore considercd to tK a related party. The Tru8le¢: declared this interest in accordance wlth the Charws conflict ol interest policv was not a Trustee at the time the transaction was ente￿d Into did not partKipate in dI￿u5$10n5 or decisions relatin8 to the funding arran8ement At the year end the balance outstanding to First Leaf Limited was £550.779 The Board confims Ihat Ihc tfdnsaction was approved by Truslees not connected wilh Firsi Leaf I,imited and that the arran8ement was considered to k in th¢ best interests of the Charity. During thc y¢ar ¢nd¢d 31 August 2025, a Truslec of the charity made voluntary donations to the charity totalling £32.045. These were unconditional gifts with no associated obligation on the charity. Trustees of the chartty are parents of children enrolled at the school. During the year. fees totalling £14.938 were paid in respect of these pupil's attendan￿. on standard ternis applicable to all parent5. No amounts We￿ outslanding at the year end. 25 Christian Fellowshi Scbool Trus Notes to the Financial Statcment For the ear eDded 31" Au ust 2025 coDtiny 19. Tax&tDDn A5 a charity. C'hristian Fellowship School .1 rust is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1968 or s256 of ihe Taxalion ofchargcablc Gains Act 1992 10 the extent that these are. 20. Contingent Liabilities The company has no contingent liabililies as at 31 • August 2025 (2024 - Nil) 21. Capit81 Commltments The Company ha5 no capital commitments as at 31" Au8USt 2025 (2024 - Nil) either contracted for or authorised by the directors but nol contrncted for. 22. Members, Liability The company is limited by guarantee. and in thc event of the winding up of the Company, th¢ liabililies or each mcmber (including those members who have %rved within the p￿vioUS twelve months) is limited to a contribution of £10 lowards ihe Cost of dissolution and the liabilities incurred by the charity while the contributor was a member. 26