REGISTERED COMPANY NUMBER: 05212585 (England and Wales)
REGISTERED CHARITY NUMBER: 1106136
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 AUGUST 2024
FOR
HAMPSHIRE CHRISTIAN EDUCATION TRUST

HAMPSHIRE CHRI8T14N EDUCATION TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Page
Report ol Ihe Trustees
I to 7
Report of the Independent Auditorn
8 to 11
stat•ment of Flnancial Activitles
12
Balance Sheet
13
Cash Flow Statement
14
Notes to the Cash Flow Statement
15
Notss to the Financial Statements
16 to 27

HAMPSHIRE CHRISTIAN EDUCATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2Q24
The trLJStees who are also (fire¢toYs of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provision5 of
Accounting and Reporting by Char￿'Ès: Statement of Recommended Practice applicable to charities preparing their
accounts in accordan￿ with the Financial Repo￿.n9 Siandard applicalAe in the UK and Republic of Ireland IFRS 102)
(effectsve 1 January 2019).
OBJECTIVES AND ACTIVITIES
Ob"ectivas and alms
The advancement sjf education on the basis of Christian principles in the county of Hampshire and elsewher
including (but not by way of limitation) the provision of such education in any educaUonal establishment for the
general education of children or adults on the basis of such Chr￿￿an principles as the trustees may from time t
tlme think fit.
he advancement of the Christian faith in accordance with the doctrines set out in the schedule to the articles
nd the worship of God in the county of Hampshire and dsevthere as Ihe trustees may from time lo time think fft
ncluding (but not by way of limitation) the preaching and proclamation of the Christian gospel and the teaching
f Christian doctrine and principles and other such purposes which are exclusively charitable according to the
awofEn
land and Wales and are Gonnected with the charitable work of the chan
The relief of persons who are in corKlitions of hardship or distress or who are aged or sick in the county of
Ham
Shire and elsewhere as the trustees ma from time to time think fiL
Significant actlvlties
The Tmst runs The King's School which has a primary deparEment and senior department located on one site. The
school currentty has 230 pupils, 72 at primary and 158 at senior.
Public benerrt
The King's School provides beneffl to the public Nmthin Hampshi￿ by providing an excetlent education based on
Christian principles for children aged 4 to 16. Fees are intended to be affordable for families on average incomes and
are deliberately kept below the normal rates for similar independent schools. In addition. thé school offers bursary
assistance to families on low income (to the value of£125k in the year ending 31 August 2024).
Children are drawn from families across the full range of Christian denominations as well as a proportton from families
th no church connections. There are no academic selection criteria and whenever possible the school will
accommodate pupils with leaming dfficulb'es and physical disabilities. There has been an increase in educational
support for children with additb)nal needs and improvements to the site for disabled acces&
Volunteers
The school has voluntary help from parents and others in a wide range of activities. including govemorship, 8UPPOrt
with events and the general maintenance of facilities.
Public benefit
The trustees confiTh that they have referred to the guidan￿ contsined in the Charty Commi55ion's general guidance
on public benefit when revieY4ing the Charity's aims and objectNes and in planning firture activities, The ITUStees refer to
public benefft throughoul this repo
Page 1

HAMPSHIRE CHRISTIAN EDUCATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
ACHIEVEMENT AND PERFORMANCE
haritable actlvltlos
In February 2023. King's School underwent its first full inspection by the Independent Schools Inspectorate {ISI),
comprising both a Focused Compliance and Educational Quality Inspection. The school met all regulalory
requirements, wrth ISI awarding a judgement of Good for pupils. achievement. including academic development. and
Excellent for pupils, personal devdopment.
Academic outcomes continue to be strong. For the year ended 31 August 2024. 97% of pupils achieved five or more
standard pass grades al GCSE, induding English and Mathematics. Addibonally, 37trA of all grades awarded were at
Grades 7-9. a paitcularty impressive outcome given the national decline in top grades and the school's non-selective
admissions pdicy. These resutts reflecl the school's commbtment to a￿deMiC excellence and inclusive support across
a broad ability range.
Charftable Engagement
King'5 School is acbvely involved in charitable giving at both local and intemational levels. The school community
supports several charities through regular fundraising inittatives. Pupi15 play a ￿￿traI role in these efforts, participating
in events and campaigns to raise funds and awareness-fostering values of compassion, seNice, and global
crtizenship.
Page 2

HAMPSHIRE CHRISTIAN EDUCATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
FINANCIAL REVIEW
Financial Review
The trust's income in the year ending 31 August 2024 was £1.76 million in comparison to £1.60 million the previous
year. The majority of the income was from school fees and extracurricular &livities, and the remainder was from
fundraising activities, donalions and the gift aid claimed on these.
Total expenditure for the year ending 31 August 2024 was £1.77 million, ￿mpared the £1.62 million the previous
year. This resufted in a shortfall of £33k.
The majortty of expenditure was on the ￿$ts of charitable activtties which ￿e divided be￿veen..
A)
The direct costs of education (e.g. staffing, resources, acbvilies) vthich amounted to £1,023k a £151k
reduction from the previous year. The largest component was staff costs of £931 k which was £4k les than
the previous year. The overall decline was due to less bursaries not being paid in 2024 a decline of
£125k
ort costs
su
ort staff wa
es
eneral overheads
increased to £745k
from £440k .
A number of Key Perfomiance Indicator5 are being used to plan and improve financial performance. One of these is
the ratio of staff costs to net fee income for which the target is 6045%. The ratio in the year ending August 2024 was
75%.
During the year the advance fees b*ance increased to £1,622k and the dep051ts balance decreased to £170k.
Advance fees are not p05il.vety sought from parents as the school does not wish to be reliant on them, however. sorne
parents who have the money to pay in advance are then able to have peace of mind that their child's fees are paid for
a defined period.
Res6rves poll¢y
The Trust has most of its rese￿eS in the twildings (Lakesmere House and the Homelodge building) which were valued
at £2.1 m in February 2020.
It is the aim of the Trustees to build up reseries to a level equal to three month's regular expendtture (monthly
expenditure is currentw around £125k). Thls aim has been met this year as ￿Trent assets plus bank loan payments
due wlthin one year and deposits stand at £506k (August 2024).
Th6 school plan5 to replace the existing temporary buildings with a pernianerrt structure wtlhin the next iwo years. The
school has planning permission and a preferred builder, is kndraising and is in discussions regarding finance. The
Trustees will review the policy li light of project need5.
Prlnclpal funding sources
Operational costs are mat primarity from school lees which are set at an affordable rate for the target market.
AddifTonal funding comes from donations.
The capttal piojects are now funded from cash reserves vthich are backed by a bank n￿rtgage and advance fee
payments.
Page 3

HAMPSHIRE CHRISTIAN EDUCATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Future Plans
The focus for the future wll be to continue to strive for excellence in e0￿CatIonal provision and to market the school
effectively so Ihat all 305 places are taken. Maxirnum pupil numbers are 15 per year in Reception, Years 1, 2 and 3,.
and 20 each in Years 44 (tolal primary 120 pupils - currendy 76). In senior we can have 35 per year in Years 7-9 and
40 per year in Years 10 & 11 {total senior 185 - currenty 157). Longer term aims include a purpose-built primary unit to
replace some temporary buildings on the school site which is expected to increase primary capacity to 140.
STRUCTUR￿ GOVERNANCE AND MANAGEAIENT
Governing document
The articles of association allows for the members of the charity to app)int new trustees and to vary the number of
trustees (minimum of Ihree). Any person appointed as a trustee must fijlly accept the doctrines sel out in the articles of
aSS￿lation.
Recruitment and appointsnent of naw trustees
The articles of association allows for the mernbers of the charity to appoint new Irustees and to vary the number af
trustees (minimum of three). Any person appointed as a trustee musl fully accept the doctrines set out in the articles of
association.
Organisatior￿1 structur8
Governance and management of The lQng's School is undertaken by the Senior Leadership Team and the
Govemance Board. The Leadership Team is responsible day lo day operations. Their job is to deliver quality
Christian educabon within the necessary legal and regulatory requirements. The Leadership Team is account2bie to
Ihe Governance Board. The Govemance Board Comprises both Trustees and Governors and their responsibility is
SUPFJOrting and empowering the Leadership Team to carry our ts responsibilities effectively.
Induction and training of new trustees
Induction and training of new trustees is Carried oul by meetings with other trustees and key people, review of key
documents and involvement in the life of the school.
Pay and Romuneratlon
Salary levels are set annualty. Key management personnel are paid less than would be expected within the State
Sector at rates of between 7D -75% of salaries based on DfE r￿Ures. The school has a desire to increase salaries
where possible such that all staff a￿ paid fflore in line ￿ryth Ihose in the state system. However, this will be a gradual
process and not something fhat can be achieved cU￿endY.
Wid8r notwork
The school is a member of the Independent Schools Association (ISA). It is also a member of the Christian Schools
Trust (CST).
Page S

HAMPSHIRE CHRISTIAN EDUCATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
8TRUCTUR4 GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identfy and review the risks to bvhich the charity 1$ exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
The main risks identified by the Trustees are set out below. These are not all new risks to the trust and have been
successfully managed in previous years by exercising care in budgeting and decision-making.
The main risks al presenl are connectsd with the external economy.
1)
Pupil numbérs have remained relatively static wth the year ending wth 229 pupils on role (Septembe
023). Current pupil numbers are 230 (March 2024). Improving marketing continues lo be a priority to dra
ew pu Jls to the school. The majority of new pupils come from V￿thIn the larger church community and b
rd of mouth.
he proportion of pupils requiring bursarfes has reduced ￿th improved pr￿eSseS for awarding and
revlewin
bursaries. However this still re
resents a risk to the school'5 income.
External factors have increased the risk of exrsting parents defaulting on fee payments. This risk has been
anaged well by continuing to ensure that a member of staff is given time to keep abreast wth cred.
onlrol.
he deterioration of Ihe primary a￿(r￿ModatIon is a serious cause of concern. The school is activel
ursuin
re
lacement accommodation to resolve this.
Future rises in interest
ments on the trust's borrown
are a150 a
otential risk.
of the above give rise to a risk ot cash flow problems. Alongside prudent tr￿dgeting and regula
onitorin
we have the abilii to im
rove cash flow thro
h collectin
advance fee
ments.
REFERENCE AND ADMINISTRATIVE DETAILS
RegiSter8d C(xnpany number
05212585 (England and Wales)
R8glstered Charlty number
1106136
Registered office
The lQng's Sch¢XJl Senior
Lakesmere House
Allington Lane, Fair Oak
Eastleigh
Hampshire
S050 7DB
Trustees
S F KinchiTr Chair
C Caws
A Johnston
C Dendy
S Froud
Auditors
MC Audit Limrted
Statutory Auditors
Station House
North Street
Havant
Hampshire
P09 1QU
Page 5

HAMPSHIRE CHR18TIAN EDUCATION TRU8T
REPORT OF THE TRUSTEE8
FOR THE YEAR ENDED 31 AUGUST 2024
Bankors
Barclays Bank
Portsmouth City 8ranth
Portsdown Group
POBox6
Portsmouth
Hampshire
P06 7DB
COMMENCEMENT OF ACTMTIES
The charity which has been trading since 1995. was incorporated as a Company limiled by guarantee, in August 2004.
Dormant company accounts were prepared for Ihe year to 31 August 2005 and the running of the school transferred to
the new charitable company C￿ 1 September 2005.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of Hampshire Christian Education Trust for the purposes of company law) are
responsible for prepanng Ihe Report of the Trustees and the financial statements in accordance with applicable law
and Untled Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice).
STATEMENT OF TRUSTEES. RE5PONSIBILmES - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the stste of affairs of the charttable company and of the incoming resources and application of resources,
including the income and expenditure. of the charitable cLxYJpany for that period. In preparing those financial
ststements, the trustee5 are required to
elect suitable accountin
olicies and then a
I them consistenu
bserve the methods and
rinci
les in the Cha
SORP..
ake
ud
ements and estimates that are reasonable and
rudent..
repaie the financial Statements on the going concem basis unless it is inappropriate to presume that the charrtabl
om
an
will continue in business.
The trustses arè responsible for keeping proper accounting records vthich disdose reasonable accuracy at any
time the financial position of the charitable company and to enable Ihem to ensur8 that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hence for taking ￿asonable Steps for the prevention and detection of fraud and other irregular￿è$.
In so far as the trustees are aware:
here is no relevant audit infomation of which the charitable
an
's audttors are unaware" and
he trustees have taken all steps that they ought to have laken to rnake themselves aware of any relevant audit
information and lo estsblish that the auditors are aware of that informakn"on.
Pagè 6

HAIThIRE CHRISTIAN FDUCATION TAusr
AEPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGusf 2024
AUDrfoRS
The auditors, M(yris Crocker Limited. V￿ll be propc6wJ for re-appolrtment at tr* forlhcoming Annual Genwal
Meeting.
Approved by ordèr of the board ol trustees on .......... ..
. and sigwj on Its behaw by:
in - Trustee
Page 7

REPORT OF THE INDEPENDENT ￿jDITORS TO ThE MEMBERS OF
HAklPSHIRE CHRISTIAN EDUCATION TRU8T
Opinion
Wa have audited th8 fina￿lar St￿M￿ts of Hamp5tire Chrislian Education Trust (the 'Gharitthe compan￿}
the year 31 Augth8t 2024 which compw the Statefflent ot Fin8n(yat Adfvitles, thÈ Balance Sh*L
the Cash Flow Ststwnent and nDtes lo Ihe financial statemerts, IncJudlng a swnmary of signrfwt auxuniing
p¢1￿)es. The tFnani?al reporbNJ frame￿ that has been applied in thdr preparation Is applle4ble law and
UnIted Ktngdom Accounting Stsndarts (United Ktngdom General￿Artepted AcccLfftling Practice).
In our opinp)n the financial statem￿ts..
. gSve a true and fair vlew of the state of the Gharlable compty affairs as at 31 P4Jgust 2024 arKJ of its
incomiro resources and appI￿￿on of resou￿. IndthfirKJ its and e￿endIture, for Ihe yesr th
. have been propety p￿par￿j in wilh United l(mgdtrTr Generally Acccmjn￿ng Pra(*ce:
. have been prewdred in vith th8 rewirernents of Ihe Companies Ad 2CKI6.
Basis foroplnlon
We o)nducted audit in se￿dance Mith Int￿1￿￿ Slandarts on Auditing (UK) (ISA8 (UK)) and
appllcabl8 law. i￿r respons1t￿l￿e5 under tlme slandards are further descrittd in the Audttors,
r&Spo￿[bIntteS for the audit of the finanGial stalemetts 5￿tiOn of our rewt. W8 are Independent of (he
ritable ¢>3rnpany In a￿)rtranGe tho ethlc21 requir8N￿lts Ihat are refevanl to wr audit of the finan(aal
51al8ments In the UK Indu¢fmg the FRCS Elhi(¥l Standwd. 8nd we have fvlfilled our oiher ethical
spJn5ibililies In accordance wth tsse requlren*nts. We befEve Ihat the audFt eviderKe we have obtalned
ts sufficierrt and appropriate to wovmle a basi5 for our oplnlrjn.
Condusions relating lo going ¢oncem
In aLJ¢ftbng the financtal slaterrknts. we ha￿ co￿luded that the use of the going conom basts of
C￿ntIng in the prepwr8tion of the financFal statements is appropfith.
Based on the ￿ we have ￿l0￿&Y. we have not idenlified any rnalerial unt*rt2inttés rdating to events or
(xmditlon5 that. in(fNTdualty ￿ c(Alethvdy, may cast *nificant doubt on the thalitabk compan￿$ ability to
conttnue as a goiro concem for a pefh)d of at least t4*lYe rn(th fnyn when the fjrrancial statemenls are
authorised for issue.
ijw responsibilities and the resFA)TksliMlrii6s of the wilh respeGt to gotng are described in the
r*vani sections of this re[￿.
01p￿r InforM￿lOn
The trustees are resp￿sEL￿e for the othef informth. The other infomiation o)mprises Ihe infor[T￿li£
T]duded in the Annual Re￿ 0￿rIt￿n fhe ￿n￿￿tal 51atements aThl Rewrt ofthe Independent AudEtor5
Our opinKm on the finan(aal statements does not o)ver the other InfO￿allOn and, exLwt to the extent
oth8rMs& explicrlly staled tn (yjr we do not express any f(ffii of assuran￿ conclusion thereon.
In vthh our ￿dft of1he ffflanctal statements, our resixytsibility is io re&a the Olher infomialion and.
In dowwJ so. Gonstder whelher the other Infomiation 15 malerialty in¢(Ntsi*nt th the financial statements or
knovAedge obtgined in the audit or othen4lse appears trj be matertally misstated. If we identify such
Mat￿la1 ino)nsistenGies or apparent matertal misstatements. V*e are rgwired lo detemilne Wheth￿ this gNes
rfse to a material misstatematt in the financial statements them5kn. If, b85ed on Ihe work we have
perform8d, we wrKlude that there is a material mi&slatement of this otsr MkntM)n, we are req￿red to
report that We have rthing to re￿￿t in this regard.
Opinions on other mattors p￿tribed by lh• Companies Act 211D6
In w opinic￿, based on the YA)rk uThJertaken in th6 course ofthe aLKrL"
the infornwtlon given in the Re[￿rt of the TnJst6es the fin8nfial fLY %thkh ts financial statements
8re prewared is consistent wtlh th8 fft￿n[ad statements: and
. thè R8pJrt of the Trttstees has been wepgred In appfuble legal reqiirements.
Page 8

REPORT OF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF
HAMPSHIR£ CHRISTIAN EDUCATION TRUST
Matters on whith we are required to report by exceplion
In the light of the arvj understrdncfiEVJ oftt* thaiifthe (￿panY and ils en¥￿￿M￿rt obtained in th
course ofthe autht, have n¢X identifth material rni55tatem￿ wi the Repjrt oflha Trustees.
We have nolhI￿ to rwl in of Ihe fdkming m*ios ¥h￿rE Ihe Companies AGt 2Th)6 requires us to
rewrt to you rf, in our Opinic￿."
. ￿lequate attixjntlng rncord5 hwle rK)t kept (Y wefrm ade9￿ for our atdit ￿ not bEen r￿￿ed
from thanches n(Jl visited by ￿". or
. the flnanclal stal8ments are not in ￿reement *ith the acuJunting re(yxds and retwns" or
. certain d&scb)5ure5 of trnstees. remunerati￿l5peQ[rd by law are rth)t made:
. have not recerved all the tnfomatirx) and expJanaliorn% ￿ r￿uIre kn oUra￿l¢ or
thé tWStees we not entiued to take advantage oflhe gnatl c￿1PanIeS exemption from the rewlrement to
prepare a Strategic Report ￿ In p￿pa[1rvj Ihe ReF￿ ofthe Tnts.
Respons￿)[111]eS of trustees
As eWain&Y mor6 futty in the Stalementof Tnjstees. R￿n5ft)it1￿"e5. Ihe Itustees (Wt￿ are 8150 the rfirectors
of the charitatrfe ujtnpany ftjr the wrpose5 of company taw) are res￿￿1b￿ for the preparafion of the
f￿ana81 statements aThY for bebng satisfied that they gr¥e a true and fair view, atyl for such intemal ¢))ntrol 85
the trustees détermine is necessary to enaNe Ihe we￿atr)n of fvarKial statements that are fr* from
aterral misslatemenL whethw due to frdud orerror.
In preparirwJ the financial slatement& the tr￿lee5 *e res￿￿7)Ie for awssing the charit8ble companls
abiTity to continue as a going CO￿em. disd&8ir¥J. as ￿l￿ble, matters rekted to going (X)n￿rn and using
the golng r￿CeM basls of wx(wrrting unless the Iru5tees eilhw intend to liquidate the Ltharilabl8 eomp8ny or
cease operations. or hava rn realislic alten*tive b￿t0 do so.

REPORT OF THE INDEPENDEKf AUDrroRS TO THE MEMBERS OF
AMP3HIRE CHR￿ EDUCATION TRUST
¢)Jr reSpOn￿bilitieS for the audit Of the financlal statements
our objeGtives atB to obtain reasonab￿ assuran￿ atr￿1 whethw fi￿￿￿￿1 slatemerts as a ￿ale are free
from material mk%Stalemenl. whether due lo fra￿1 or erFor. and to issue a Report of ￿ Independent Aud]tors
Ihat Tridudes our ¢)plnh)n. Reasonable assur￿ a hTah level of assuran￿, bul Is Th)t 8 guarantee that an
8LxI(t rA)nducted in 8c£Ordan￿ with ISAS (UK) wll deteGt a material misstatement ￿tten tt extsts.
Mi5ststemwts arise frtsn fr2uO ￿ error and are considered material rf. ifkfimdualty or in th8 aggregate,
they could re8sonabty tE e>¥e(tsl to ufflue[￿e the ecmlmic deL¥s1￿ of user5 taken Lm the basÈs of these
financial stelpments.
The oxtent to ￿lch our E￿￿edureS are CApth of detecting wrgJularlli8s. IndudirwJ fraud is detailed below..
From d[scuSs￿n wth managemerrt and Ilv)se cth8rged governance irrforniab'C￿ ab)ut the enw is
doryjmenbj to assess the athlty *Mthin fhe organisation. We diqJJ&s managemenvs assessment of risk in
respect of Itrew18rknes. fraud and cor
Based on th&5e di5cussons and (¥Jr (wm asse55merts we detemir*d thal the key rfsk ￿eaS were in￿rne
r￿TritIon in reSp￿t ￿ tjrt off issues and Manag￿n￿rt o¥errlde 0Jn￿MirV th SI￿ ofthe organisatlon.
We sel thancral stalemerrt malerialty level based ￿ Ihe le￿ of income. As a rKJI profft organlsation
raising income ts its primary fo￿ts whlth is why income w85 used to determine revel of materi81ty. Our
over811 sssessment of risk w8S Used b) detemine ￿fOnnar￿ matslallty at an 8PPtoprf8te level.
Substsntlv8 audil tests ￿e (1espJned 8fter as*sgThJ aThl Kthmiig vralkthrThJgh tesis. The walkthrough
te5tsrvJ ￿nr￿Med documented bBen deslgned to act as a preventatEve measure against
fraLKI and errtt whith appear to be opetaling a5 d￿]Mented. ￿bslan1[ve tesling tested a sample of the
Fryuial￿n, rep￿sents11ve of the population, tr) eTrors. The tesling dld not Njentify any mat&ial
m1551atements in areas tested.
Audit subslantive t6* tt*rK4uded rK> Mat￿￿1 trrots over tr* key risk areas of income r￿nitIOn and
management override.
The audit considers the organisali(Jn 15 IMX exFK>sed to material risk of etror a5 a ￿sUIt crf assessing Iw and
u18tions that ate approFHiate to the ￿gari￿1￿?n.
Management assessed there is fK> goir¥J o)ncem risk. The audit undert(x* a revlew of budgets,
management ac£outts and the revi￿ of toard minutes ￿ rAme to Ine same a5 maTwement.
Afurther des&fjpikJn ofour responsli Jrnies for the autht of the ￿ancial statements located on the Finan(ial
ReP)rtI￿ Councll's wet6ite at ww.ftuorg.uklauOitorsrespM&knlities. This de￿ption forms part of our
Report offhe IndeP￿AU(filO
Page 10

REPORT OF THE INDEPENDENT AUDifoR8 TO THE MEMBERS OF
HAAIPSHIRE CHRISTIAN EDUCATI￿1 TRusr
Use ol our ￿pOrt
TrLs rewrt is made P￿telY to the ch8ritgL* C4Jmpan￿S as a t4xty. in ac0Xdan￿ wilh Chapter 3 of
Part 16 of fhe cC￿panIeS Act 2(K6. Our audit work has been undertaken so thal we might 51ate to Ihe
tharltable CC￿panYS members those matters are rewired tr) state to Ihem in an auditors. report and for
no other purpw. To the fultest extent pemiitted ty law. Y+e do not accept or assume ￿p)ns￿l111ty to anyone
othw than the charttable company and Ihe rtsritsble c4)MP￿s•S m￿l￿S as a bcty. tr our audit wnt, for
thls rewt. or k)r the opinions we have fonTred.
Marin Southem BA(Hons) FCA (ser￿ StaiubxyAu(rkn)
and on behalf of MC AJJ¢Jit knmtted
statutw Audtiors
station House
Hampshire
Pog 1QU
Dale: ........
Pa￿ 11

HAMPSHIRE CHRisnAN EDUCATION TRUST
STATEMENT OF HNANCIAL ACTivmES
ONCORPORATING AN INCOME AND EXPENDITURE ACCOUN
FOR THE YEAR ENDED 31 AUGUST 2024
2024
Total
hjnds
2023
Total
funds
fvnds
fuThJs
INCOME MID ENDOWMENTS FROla
Ocfiations and legactes
51A62
51,562
18.5BO
AdVan￿fftent of education
1.613?
1.613,306
1.571.436
1.111
12.313
Inv*nent income
100.256
100.256
1.765.932
1.765.932
1,803.440
EXPEND￿uRE ON
Raithg ftjnds
24.582
11.914
Charitable activitses
Advancement of educatk)n
1,n4.335
1.774.335
1.620.790
1.798,917
1.798.917
1.631704
NET INCOMEI(EXPENDmiRE)
(tt985)
(32.985)
{29.264)
RECONCIUATION OF FUNDS
Total funds brought foward
1466.699
Z486.699
2,495,963
TOTAL FUNDS CARRIED FQRWARD
2,433.714
1433,714
2.466,699
The n(*es form wt of these financi￿ statements
Page 12

HAMPSHIRE CHRISTIAN EDUCATION TRUST IREGISTERED NUMBER: 05212585)
31 PIIGLN3T 2ff24
2024
2023
FIXED ASSErs
Tangib￿ assets
15
2.409,793 2508.555
CURREiif ASSETS
16
1,190,474
974224
150.736
634.611
Cash al bank
2.164.698
785.347
cRED￿ORs
Amounts faring due wilhln ypar
17
(1.632.660)
(507.940)
NEf CURRENT ASSErs
531.838
2TI,407
TOTAL A8SETS LESS CURRENr
LIABIUTIES
2.941.631
I785.￿2
CREDrroRS
Amounts falling due after rrKYe tFMn one year 18
{5)7.917)
(319,263)
NET ASs￿s
2,433,714
2.466.699
FUNDS
Unrethcied funds
2.433,714 1466.699
TOTAL FUNDS
2.433.714
2.486.699
These financlal ststements have t*en wepar&J in with the P¥DviswJn5 ar¥Jlicabk to cfrdrilable
companies subjed to Ihe small Comp￿leS regwn8.
The fin
ents V+EfE approved by the Board of Tntstees and authori*d for issue on
. and wetB sifft on its behaw ty.
chin- Trustee
The note5 fom t￿rt of these ffinan(#al statern￿ts
Page13

HAMPSHIRE CHRISTIAN EDUCATION TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flows from opeyallng activities
Cash generated from operations
Interest paid
Finance costs paid
265,962
{2,582)
(12,135}
(201,388)
(18,282)
111,914)
Net cash provided byl{used in) operating aGlivities
251.245
1231,584)
Cash flows from Investing actlvllles
Purchase of tangibte fixed assets
Interest r8¢elved
Finance interest Incoff
(11.888)
6,059
94.197
(172,899)
3.682
8.631
Net cash prowded byl(used in) investing aclivtttes
88.368
{160,586)
Change In Gash and cash equivalents in
the reporting period
Cash and cash equivalents al tho
boginnlng of thé reporting perfod
339,613
{392.170)
634.611
1,026,781
Cash and cash oquivalents at the end of
Ihe reporting perfod
974224
634,611
The notes form pwt of these fnancial ststsments
Page 14

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
RECONCIUATION OF NET EXPENDMJRE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Nel expenditure for the reporting period (as per the Statoment ¢)f
Financial Acttvities)
Adjustments ft>r:
Depreciatson charges
Interest received
Interest paid
Finance costs
Finance interest inc
Increase in debtors
Increasellde¢rease} in Gre￿410[$
(32,985)
(29.264)
110.650
<6.059)
2.582
12.135
(94,1971
(1,039,738)
1,313,574
73,4ea
(3,682}
18,282
11,914
(8.S31)
(100.877)
(162.598)
Net cash provided byl(used in) oporatlons
265,962
(201,388)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.23
Cash fiow
At 31,8.24
Not cash
Cash at bank
634.611
339,613
974,224
634.611
339.613
974.224
Debt
Debts falling due within 1 y
Debts falling due after 1 year
(50.703)
{297.978)
14.327
36,550
(36,376)
1261,428)
{348.681)
50,877
(297,804)
Total
285,930
390,490
676,420
The notss fonn part of these fina￿la1 statements
Page 15

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POUCIES
Basis of preparing the financial statemènts
The financtal slatements of the charilable company, ￿lch is a public benefit entity under FRS 102, have been
prepared in accordan￿ with the Charilies SORP (FRS 102) 'Acts)unltng and Reporting by CharitÈes: Statement
of Recommended Practice applicable to chanties preparing their aetounts in accordance V￿th the Financial
Reporting Standard applicable in the UK and Republic of Ireknd IFRS 102> (effective 1 January 2019).. Financial
Reporting Stsndard 102 'The Financial Repottng Standard applicable In the UK and Republic of Ireland, and the
Companies Act 2006. The financial ststements have been prepared under the hislorical cost convention. as
modified by the revaluation of certain assets.
Going concern
The trustee directors consider that Ihere are no maten'al uncertainties regarding the chafitable company's ability
to continue as a going concern.
Income
All income is recognised in the Slatement of FinancBI Aclivities once Ihe charity has entrtlement to the funds, it
is ptobable that the Income wll be received and the amount can be measured reliabty.
Expenditure
Liabilities are recognised as expenditu￿ as soon as the￿ is a legal or constructive obligab'on committsng the
charity to that expenditure, ti is probable that a transfer of economic benefits wtll be required in setdement and
the amount of the obligation can be measured reliabty. Expenditure is accounted for on an accruals basis and
has been classified under headings that aggregate all cost related to the category. Where costs ¢annol be
direcify thbuted to particular headings they have been allo&*ed to aclivrties on a basis consistent the use
of resources.
Tanglble fixed assets
Depreciation is provided at the folowing annual rates in order to WTite off each asset over tts estimated useful
lrfe.
Fr￿hold property
Plant and machinery
Fixtures and fith'ngs
Computer equipment
10% on cost and 2% on cost
200% on cost
20% on cost
33% on ￿$t
Individual fixed assets costing £500 or rmre a￿ capilalised at cost wth the exception of computer equipment
which is capitalised if the individual cost is £250 or more.
Taxatlon
The chartty Is exempl from corp)ration tax on its charitatle acfivrties.
Furnl a¢counb"ng
Un￿StriCted fijnds can be used in xcordance wth Ihe charitable otyectives at the discretion of the Irustees,
ReStr￿ted funds can onty be used for particular restri(*ed purposes wthin the objects of the tharity. Restrictions
arise when spectfied by the donor or when funds are raised for particular restricted purposes.
FLther explanation ofthe n￿re and wrpose ol each fund is induded ￿ the notss to thè finanlaal statements.
Leaslng ￿MmItMents
Fientals paid under operating leases are charged to the Statement of Financial Aclivities on a straight line basis
over the period of the lease.
Page 16
conbnued...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE HNANCIAL STATEMENTS - contlnuod
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POUCIES - ¢ontiNed
Pension costs and olher post-retiremènt beneffts
The charitable company operates a defined contributFon pension scheme. Contrrbutions payable lo the
charitable company's pension scheme are diarged to the Statement of Financial Adivrties in the period to whidi
they relate.
The charitable corn￿y contributed £18,032 (2023: £16.387)
Flnancial instrumènts
The charity only enters into bas￿ final￿la1 instrfftnts transaciions that result in the re￿gnitiOn of fnanctal
assets and liabilttses like trade and other accounts receivable and payable invesiments in stocks and shares.
The measurement b￿S used for these financial instruments is delailed bel￿¥.
Debtors
Trade and olher debtors are re¢ogni5ed * the setdement anv)unt due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade dI￿OUntS due.
Cash at bank& in hand
Cash at bank and in harKI includes Gash held on deposit 01 in a Current account.
cr8d1t0￿ and provislons
Creditors and pro)risions are recognised where the charitable company has a present obligation resulting from a
past event that will probaLAy result in the transfer of fun(ts to a third paty and the amount due to settle Ihe
obligatton can be measured or estimated reliably. Credilors and provisions are nomialty recognised at their
settlement amount after allowTng for any trade discounts due.
DONATIONS AND LEGACIES
2024
2023
Donations
51,562
18.580
OTHER TRADING ACTnirriES
2024
2023
Fundraising events
808
1,111
INVESTMENT INCOME
2024
2023
Deposit a¢￿Unt interest
Finance interest income
6,558
93,698
3,682
8.631
100,256
12.313
All invesknent incorne is derived assets held in the United lfjngdom.
Page 17
continued,..

HAMPSHIRE CHRISTIAN EDUCA TION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
INCOME FROM CHARITABLE ACTivrriES
2024
2023
Activity
Advancement of edL￿tion
Advancement of education
Advancement of educabon
Advancement of education
Sthoot fees and bursarie5
School trips and sales
Rental income
Sundry income
1,386,431
70,704
3,808
152,363
1.492,539
76,679
1,288
950
1,613,306
1,571,436
RAISING FUNDS
Ralslng donations and lega¢ies
2024
2023
Finance cost
24,582
11,914
CHARifABLE ACTIVITIES COSTS
Direct
Costs (see
note 81
Support
costs {see
note 9)
Totals
Advancemenl of education
1,023.876
750,459
1,774,335
DIRECT COSTS OF CPIARITABLE ACTivmES
2024
2023
staff costs
Educational resources
Trips, camps ar￿ events
Training
DBS and liCen￿S
Fundraising costs
Bursaries
931,464
33,341
24,999
8,945
6,802
18,325
934.579
32,131
55,577
2,977
12,231
13,064
124.774
1,023,876
1,175.333
Page 18
continued...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - Continuod
FOR THE YEAR ENDED 31 AUGUST 2024
SUPPORT COSTS
Govemance
cosls
Management
Totals
Advancement of education
745.043
5,416
750,459
Support costs, included in the above, are as folows:
Managgmont
2024
Advancement
2023
Totsl
activities
education
Wages
Hire of pLqnt and madNnery
Rates and water
Insurance
Light and heat
Minibus and car park expen
Legal and professional fees
Repairs and maintenance
Stshonery, postage &)d phone
SuThJry expenses
Donations
Depreciation of tangible assets
Bank interest
Mortgage Inte￿St
173,958
36,150
4.395
23.154
57.958
10.384
20,934
198.944
34.152
71,751
30
110.651
2,582
95,640
17,674
17,727
22,153
2,870
10.522
9,366
106,173
29,278
36.616
582
73,468
1.561
16,721
745,043
440,361
Governance costs
2024
Advancement
2023
Total
activities
education
Auditors, remuneration
5.416
5,106
10.
INCOMEI(EXPENDITURE
Net ineomel(expendrture) is stated after Cl￿rgin￿{Credib'ng):
2024
2023
Aurfitors, remuneration
Deprecialion - owned assets
Hire of plant and machinery
5.416
110.650
36.150
5,106
73,469
17,674
Page 19
continuèd...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
11.
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for Ihe year 8nded 31 August 2024 nor for th& year
ended 31 August 2023.
Trustees. expenses
During the year no Irustees (2023." none) were reimbursed for of pocket expenses.
Iz
8TAFF COSTS
2024
2023
Wages and salaries
SocAal security costs
Olher pen%on costs
1,022,592
64.807
18.023
951,841
61,991
16,387
1,105,422
1,030,219
The average monthly number of employees during the yearwas as follows:
2024
53
2023
Advancement of Education
Support staff
62
63
No employees received emoluments in excess of £60.000.
Key managèmont personnel
The key management personnel of the thartsble company comprise, the Head Teacher, the Deputy Head
Teacher, the Business Development Manager, Ihe Head of Options and the Head of English. The totsl employee
benefits of the key management personnel of the charitable company were £195.953 (2023.. £95,640). This does
not indude remuneration for trustees, all of wh￿h is reported as per note 11.
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestnded
nds
Restricted
funds
Total
lunds
INCOME AND ENDOWMENTS FROM
Donations and legacies
18.580
18,580
Charitable activities
Advancement of edLKation
1,571.436
1,571.436
Other trading activtties
Invesknent 1￿me
1,111
12.313
1,111
12,313
Totsl
1.603,440
1,603.440
EXPENDITURE ON
R￿Sing knnds
11.914
11,914
Page 20
continued...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS . continuad
FOR THE YEAR ENDED 31 AUGUST 2024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES - continued
Unrestricted
nds
Restricted
funds
Total
fijnds
Charttable activities
Advan￿ment of education
1.588.052
32,738
1.620,790
Total
1.599.%6
32.738
1,632,704
INCOMEI{EXPENDrfuRE)
Transfers b8twwn funds
3.474
112.172
(32,738)
(112,172)
(29,264}
Not movoment in funds
115.646
{144.910)
(29,264)
RECONCIUATION OF FUNDS
Total funds brought for4Ydrd
2.351.053
144,910
2.495,963
TOTAL FUNDS CARRIED FORWARD
2,466.699
2,466,699
14.
INTANGIBLE FIXED ASSETS
Website
COST
At 1 Se￿ernber 2023 and 31 August 2024
4.500
AMORTISATION
At 1 September 2023 and 31 August 2024
4,500
NEf B¢)OK VALUE
Al 31 August 2024
At 31 August 2023
Paje 21
continued...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
15.
TANGIBLE FLXED ASSErs
Improvements
to
property
Freehold
property
Plant and
machinery
COST
At 1 September 2023
Additions
2.142,333
449.500
982
24,195
At 31 August 2024
2.142,333
450,482
24,195
DEPRECIATION
At 1 September 2023
Charge for year
89,084
42,846
32.738
45,048
20,219
1.547
At 31 August 2024
131,930
77,786
21.766
NET BOOK VALUE
At 31 August 2024
2.010.403
372,696
2,429
At 31 August 2023
2.053.249
416.762
3,976
Fixtures
and
fittings
Motor
vehides
Computer
equipment
Totals
COST
At 1 September 2023
Additions
107,284
1,876
14.700
82,208
9.030
2,820,220
11,888
At 31 August 2024
109.160
14.700
91,238
2,832,108
DEPRECIATION
At 1 Septernber 2023
Charge for year
82.970
11.267
14.700
71,954
9.942
311.665
110.650
At 31 August 2024
94.237
14.700
81,896
422.315
NET BOOKVALUE
At 31 August 2024
14.923
9,342
2,409,793
At 31 August 2023
24,314
10,254
2,508.555
Cost or valuation of freehold property at 31 August 2024 is represented by:
Valuation in 2010
Valuation in 2015
Valuation in 2020
Additions
1.627.715
272,285
200,000
42,333
2.142,333
Page 22
continu8d...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
15.
TANGIBLE FIXED ASSEfs - continued
The Trust's other tangible fixed assets are induded at o)sL
If fr88hold propety had not been revalued it would have been induded at the following historical cost..
2024
2023
C05t
2,049,402
2,049,402
Aggregate deprecaation
908,985
867,997
Fre&hold propety was revalued on an open market basis on 31 August 2021 by Vail Williams LLP.
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
other deblors
Prepaymenls
1,143,605
21.176
25.693
127,748
750
22,238
1.190.474
150.736
Trade debtors are high8r because tt)e sckts)I raised invol￿S in June 2024.
17.
CREDITORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 19)
Fees in advance
Trade creditors
Social security and other tsxes
Other creditors
Deposts
Acuuals and deferred income
36,376
1,375,800
24,105
13,516
4,643
170,769
7.651
50,703
188,402
69,692
13,069
1,087
178,220
6,767
1,632.860
507,940
Fees in advance represents s(*]ool fees received in advance for future academic years.
2024
2023
Brought forward
Amount released to inCo￿ng resour
Amount defe￿ed in year
209,687
(43,699)
1,456,303
292,116
(161,651)
79,222
Canied fotward
1,622.289
209,687
F88s r8CeiV8d in advance are higher because the shool raised invol￿5 in June 2024.
Page 23
continued...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
18.
CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2024
2023
Bank loans (see note 19)
Fees in advance
261,428
246.489
297,978
21,285
507,917
319.263
19.
LOANS
An anatysis of the matuiity of loans is given below:
2024
2023
Amounls falling due within one yearon dernand:
Bank loans
36.376
50,703
Amounts falling due beiween two a￿1 five years:
Bank k)at7S
113,962
121.319
Amounts falling due in more than fve years".
Repayable by instalments:
Bank loans
147,466
176,659
LEASING AGREEMENTS
Minimum lease payments under non-(2ncellable operatiryJ leases fall due as follows:
2024
2023
Within one year
BetW￿n one and ffive years
9,414
7.656
1,914
9,414
9,570
21.
SECURED DEBTS
The followng secured debts are induded wtthin credith:
2024
2023
Bank loans
297,804
348,681
The bank loan was secured by a legal cFRrge over the freehold property at Lakesmere House. Allington Lane.
Fair Oak, Easueigh.
Page 24
continu&l...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
22.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Totsl
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Fixed assets
CU￿nI assets
Curr8nt lialiliti8S
Long tenrj liabilities
2.409.793
2.164,698
(1.632.860)
(507,917)
2,409.793
2.164,698
(1,632,860)
(507,917)
2,508,555
785,347
(507,940)
(319,263)
2,433,714
2,433,714
2.466.699
23.
MOVEMENT IN FUNDS
Net
movement
in fvnds
Transfers
between
funds
At
31.8.24
At 1.9.23
Unrestricted funds
General fund
Revaluation reserve
Enrichment fund
2.316.580
50.598
99.521
(32.985)
99.521
2.383.116
50.598
(99.521)
2,466,699
(32,985)
2,433,714
TOTAL FUNDS
2.466.699
(32,985)
2,433,714
Net movement in funds, included in the above are as follows-
In￿mIng
resour
Resources
expended
Movemenl
in funds
Unrestricted funds
General fund
1.785.932
(1,798,917)
{32.985)
TOTAL FUNDS
1.765,932
(1,798,917)
(32,985)
Pag8 25
continued...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
23.
MOVEMENT IN FUNDS - Continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.8.23
At 1.9.22
Unrestrlcted funds
General fund
Revaluation reserve
Enrichment fund
2.244,038
(39,630)
112,172
2,316.580
50,598
99,521
56.417
43,104
2.351,053
3.474
112.172
2,466,699
Restrlcted funds
Muga fund
144.910
{32,738)
(112.172>
TOTAL FUNDS
2,495,963
(29.264)
2,466.699
Comparative net movement in funds, induded in the above ate as folk)ws:
Incoming
resources
Resources
expended
Movernent
in funds
Unrestrlcted funds
General fund
Enrichment fund
1.547,271
56,169
(1,586,901)
(13.065)
(39,630)
43.104
1.603,440
Restricled funds
Muga fund
(1.599.966)
3,474
(32.738}
(32.738)
TOTAL FUNDS
1,603.440
{1,632,704)
(29,264)
Enrfchm8nt fund
This fund is a fund designated by the trustee directors to be a physical ac£ount where fundraising events and
school Irips could be accounted for to ensure that all monies raised in this way cx)uld be spent on enhancements
to the school ralher then k)st in the day to day njnning of the sclK)ol.
Transf8r batween funds
The transfers from restricted to unrestricted funds relate to funds on which restrrctions have b88n satisfied and
therefore are no longer considered to be restricted ￿nds.
PaJ8 26
continued...

HAMPSHIRE CHRISTIAN EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 AUGUST 2024
24.
RELATED PARTY DISCLOSURES
Purchases of £22,092 (2023: £nil) have been paid to a (x)rnpany vtho has a common director to
Hampshire Christian Education Trust. The aged creditor balan￿ at the year end wilh this company is £nil
{2023- £nil).
During the year 3 (2023.. 3) trustees had a total of 5(2023: 3) children attending the school. The total f88s paid
relating to these sthool places was £16,202 (2023: £22,737).
All transactions are at arms length.
25.
ULTIMATE CONTROLLING PARTY
The charitable company is not under the contrcA of another entity or any one individual.
26.
LEGAL STATUS
The charitable company is a company limited by guararrtee and has no share capital. The liability of each
member in the event of winding up is limited to £10.
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