REGISTERED COMPANY NUMBEIL. 05212585 (England W*lo8) REGISTERED CHARrr( NUMBER: 1106136 REpoKf OF THE TRUSTEES AND FINANCIAL sfATEMEPUS FOR THE YEAR ENDED 31 AUGUST 2025 FOR HAMPSHIRE CHRISTIAN EDUCATION TRUST
HAMPSHIRE CHRISTtAN EDUCA710N TRUST CONTENTS OF THE FENANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Report of th• Trustee8 1 to 6 Report of the Indep8nd•nt Auditors 7 to 10 Stat•mgnl of Fknanc]al Actlvhl•8 11 Balancg Sheot 12 Cash Flow Statemant 13 Notgs to the Cagh Flow Statsmont 14 Notes to the Flnanclal Statsnnts 15 to 27
HAMPSHIRE CHRISTIAN EDUCATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees who are afso dirBdorn of the tthaiiy for the purpLXS of thÉ Companle8 Act 2(M)6. present thelr report vllh Ihe firwKial statements of the drity kn the year ended 31 Auwst 25. Th8 trustees have adopted the provlslons ol Accoun1ing and Reporting by Ct)I]es.. Statemeni of RernMended Practtce appli(ble to (awrittes pr8parirKJ Ihdr urts in accordance 1h the Fmanaal RepDthg Slandanl apFIat1¢ in the UK Republic of IrelaThl (FRS 1021 leffeGlwe 1 January 2019). OBJECTIVES AND ACTivmES Objethos and alms A) Tr advancament of education on the basis of ChrlIan prinoples In the county of Hampshi and elsewhere indudlng (but not by way of limitation) ts provision of such 8ducabon in 8ny educational establlshment for the geral educakn of Lildran alults on the ba&s of suth Chiisllan princlpl88 8s the trustees may from tsmg to time thnk fiL' B) The 8dvancement ot the Chr15ti8n falth in accrdance wth the doctrlnes set out in sthgdule to thp artides and th8 worshtp of 13od in thg county of Hampshlre #nd aL8th¥here 88 the twst08s m8y from tim8 to time think fft induding Ilxrt not by way of fimrlation) tha preathing and [KAaM9t10n of the Christian gospd and the teathing of Christsn doctiine and principles other wch purposes whlch aro charitabb accorfing to the law of England 8nd Wales and are nn0¢t9 with the chadtable work ofthe tharlty. C) The rtli8f of ppJson8 ar& Tn condltlons of hardshlp or distr or who are aged cr sl( in Ihe (¥yJnty of Hampshire and elsewhere as tho twstees mayfrom Ilme to Ome think fft. Slgnlfl¢ant a¢tlvltl•s The Twst runs The lfjng's Schod whlch has a primary deparlment 8nd sonlor departrnenl hxated C one sita. The scho(A uJrTenty has 234 pupils. 72 at wmary and 162 at senior. Publ1¢ benefit The ]ang's School provtdes bonefii trj the publlc within Hampshlre by provldlng an excelent education based on Chr15tian princ4pl88 fpr chlldren aged 4 to 16. Feas are Intended to be affordable for famili85 on average incomas arKt are deThberately kept iEkh¥ the ncml ra$ for simllar Independent schorA5. In addilion. 1he sdKX)l offers bursary aSStae to f8mli8s on kFH InCx) (to the value of £125k In the y8arending 31 August 20251. Cthlldn are drawn frc4n families across the full range of Chri51ian d)inatIonS as wdl as a prowrtion from farnilies th church conneciknng. There are no academkn sdection criteria arKI yever FK)SSile tho school wil accx)mnNxlate puplES wllh leaming diffioJNies and phyEIc81 (li8abll5Ues. Theffj has been an Increa88 in educational supportfor thli dron with addltion81 ne$ and improvements to th8 slta for dlsabled arLe Thè tru8 nrni Ihat they have ref¢ed to the guidaTrx CA)ntained In th8 Charfty comml0.S general gutdance on benefit when rewewg the alms and oblectlv85 and wi planng fr0 athmles. The rof8r to pu1¢ benefft IhToughout th15 rewL Volunteers Th8 sth0 has volurtsry hetp fmm p8renis aNI (th8rs In a WKle range ol acltvltle8. IndudlNJ govgrrThship, support wilh 6vents and the gener81 m8lnknanc of faclllttes. Page 1
HAMPSHIRE CHRISTIAN EDUCATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 ACHIEVEMEi¥fs AND PERFORIAANCE Charltable acll¥ltl•s In FeLvuary 2023, lfjng's SdK>oI undeTh¥eTrt tts first full In8p8cOon by the Indgpendent SchooE8 InsP8Ctorate (Islk C£TwrKglng Ixrth a F0¢Xed complian and Educalional Qualty Inspecbm. The met air regulatory requirements. wth ISI awar(firwJ a judgem)t of Good for pupi18' achreyempnt. Induding arthic devpml. ond Excdlgnt for pupi18' per8onl devewmenl. Academic OLrtC0n cLintinue to be strong. For the year ended 31 August 2025, 80% of pupth achlèvgd fve or rtYAe standard pas5 grades at GCSE, including English and Mathemati. Addikonally, 35.6% of al grades awariled were at Grades 7-9, a parkn'cukty impressive outcome glyen the natbona dedne in top grades and Ihe gthod's n-SeleCtiVe admissions wllcy. Thgsg resulls rgflect the schod's commitment to academic excellence and incjusive s4Jport atXOSS a broad 8t411ty rarye. Charftable Eng•ggment Klng's School Is actNely hvow in charilable giving at both l(Kal and inlemational levels. The schod o)mmunlty SLIjrts severd charilies through regUr fvndrelng Inlllallve PupiL8 Fday a cntral role in Ihese efforts. parfirypatsng in events aThJ campalgns to Tgise Ajnds and awarenefoStar1ng v8tues of composs]on. $ervlce, and global chkarthip. FINANCIAL REVIEW Flnan¢tal Revlew The tru8Vs income in th8 yw er¥Jing 31 A[USt 2025 was £1.88 mlllion in comparison to £1.76 mlMiDn the pr¢$ . Thè majotty of the Ineome was from school fees and extrdcurrlDJlBr 8cbviles. and the remainder was from fundraisiryJ actiwtw, dOnatS and the gift ald daimed on these. Tolzl eXndthIe for thè yw erng 31 August 2025 was £2013 mlllon. u)mparad with the £1.798 mRlion the Frey[J8 year. Thls resulted in a shortPall of £12S(. The maty expendituro was on the costs of ¢haritable aclSvlllg8 whk are divided belw88n: The salts of all of our staff which amount to £1.151k a £46K Increa88 (over half of which was Nl aThl PIOnS due to changes in levels and Ihresholds) The dlrect costs of edUcatn affl¢Junted to £498K a £47k [rase from the previous year (mainly due to planned and urgent IlId ¥wrks). The Ski trlp cost£51K- mD5t of th8 money for thls Mp was recaved in the samg year. Suppclt costs {e.g. insurance. dganlng. geneT81 overh8adsl dwxeased to £324k (from £332k) desplte a £32k increase In Business Ratss. Th8 savlNJs are fr(Yn reduced utility blls {inrJeawl gffidoncy of the stt8), reduclion5 in 1TsUFfrt Costs and 8 refurKI of VAT du8 to the Cap5tal (>)ods scheme. b) d) A number of Kay PerfIllanCe Indicalors are belng used to plan and improve Ilnanclal perfomiance. One of th is the railo of staff costs to net f88 income for vthich the target Is 6(k65QA. Thp ratio In the year ending August 2025 was 76% Its Inc¥easa was dmost Vlhoily due to th& creaSe in Emptoyers Na11onal Insurance corrtribubonsl. tring tho year Ihe advance fees balance de¢xèa3ed to£418k the dep08tis balanL decr8ased to £184k DepJts havè de(xeased dt0 8 cTrHnge in Ihe Assistsd Pla9 potlcy. Advance fee8 are not posthvdy sought from parents as the sch¢JoI d088 not w&h to b8 rdt8nl on Ihem. Historicalty. Bome parents who have the money to pay in 8dv8nc8 8re trn abla lo have peace of mirKI that their chlld's fees are paid for a defined porfod. To ene more par8nt8 to have stabNtty with Ihelr fges, the Trust has h)troduced nvJth-year agr88mgnts which fjx the costs for a longerterm. Page 2
HAMPSHIRE CHRISTIAN EDATIcl TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 FINANCIAL REVIEW Prlnclpal fvndlng sources OpwalkThl costs m8t primarily fr( 8chtrY faes whith 8ro set at an affonl8ile rate for the twget market. A(kllth)n81 furKlng ccth88 lyom d(ln8. The caiital prcts are now fund8d from Lwh r&8eryes lch aTB barknd by a bank mNtgage and adwan(% fee payments. Re8•Nfj$ poIIcy The Trust has most of its TeseN8$ In thg bldIngS (Lakesmere Hes8 and the HCQg0 bulldkng) b¥thlch ware vaued t £2.1m in February 2020. A valuation is due by the offinancial year202&26. It the 8im of th8 Trustees lo bu1 up reservgs to a level equ to threè month's regular expgnditure (monthly expendire is curffjnty 8rtyJnd £165k}. Thi5 alm has mel thls year as Gurrent assets S bath loan paymnts du¢ within one y8ararKI deposits stand at £626k (August 20251. The 8th001 pEans to repla¢e the existing temFvrary buldings with 8 perMant 3truLLKe wthln next Iwo years. The s¢hool has planning p8miission ar a preferrefl build8r, is fundratsing and 15 In dB()JS51on5 rogarding finanL. The Tru51ees 11 reVW the policy in IwJht of prolect need¥. FUTURE PLANS Thg forJJs for the fLAure be ts fA)ntlnue to sMve for excellence in 8du(ztton81 p$10n and to martfet schcrfjl effecbvely so that all 305 pla are taken. Maxlmurn pupil numbers are 15 per year in R8cepUon. Years 1. 2 and 3," and 20 each in Years 44 ltsrytd primary 120 pupi15 - cuThenliy 721. In s50r we can have 35 per Yo In Years 7-9 and 40 per year in Years 10 & 11 (total Sen 185 - CUTrenfly 11621. Longer tsmi aims indude a replacement of some temporary budIr8 on the schod ¥lle whlth 18 exFeCto(I to incrgase primary rapadtyto 140. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governlng dUMent Tho arldes of associatton (or the members of the charfty to apFKxnt trustee5 to vary the numb8r of tNsteas (wninimum of three). Any petson ap[nted as a trust08 must fully au2pt the doCtr1r set oul wi lh8 artid8s of Rgcrultmgnt and apWntment ol now IruBtOeS Tha aTti¢Yes of awwation allows for the membars of the charity to app(Ynt new tritees aTrJ to vary the numbor of Irusteas 1m1nlrrn of thre6). Any pen 8ppointed as a trusteg rnust ffijlly ac¢ept the doclrfn8s set out in the aTtides ¢ Organisational slrncture Govemance and management Df The Khg's Sthool Ss undertaken by the Senior Leadership Team and the Goveman Board. The Leadership Team is resp&ble for day to day operath)ns. Their job is to deliver quallty Christian educ8tK Ihln the ne¢essary 1 and regulatory requlreThnts. The Leadarship Team Is acrA)untable to the G0Veman Board. The Govemance Èoard comFXiSes both Trustees and Govemors and their responslbllity Ss supportlng and empowerir¥J th8 Leadership Team to cary our re8ponsibiliNe8 effectivety. Inductlon and tralnlng of newtYustse$ Indudot) and training of new trust Is canied out by meeurys wSth other tntstees and key peopte. re¢W d key doc#Jments and invdvem8nt In life of the school. Pay and R¢muneratlon Salary levels are set 8nrJualty. Key manageffnt person1 ar8 pald les5 than would expected wlthln the state soctor at rdtes of b8tsve8n 70 -75% (sf Salaries bas¢d on DIE figures. The school has a desire to intrease salarfes 4there p)ssibte such that all staff are p81d MO in line with those in thè state systam. However, this wli I bè a gradual proGgSS arKI not somethiro that can be athiev8d iJJrrenlJy. It is und8T rewow for 202&26. Page 3
HAMPSHIRE CHRisllAN EDUCATION TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 STRUCTURE. GOVERNAP4CE AND taANAGEMEprr der nolwork Thè school is a membgr (rf th& IndeFthd¢nt Schcd8 Assodakn (ISAI It i¥ aso a memb8r of Ihg Chiisbon Sthods Tnst (CST). Indedrt Schoob Burnar A881thkn (ISBA) and As8ociakn br Fem183 of Independent Schoolkng {AFlSk RIGk manag9mgnt Th& trustggs have a duty to identlfy and rnwew the risks to [ch the 18 exkX)sgd and to antsuTe arJFy0te contrds 8re in to provlde rea>)nable assurants aganst fraud and error. Thg main rlsks id¢ntiried by Ihe Trustees are spt out be. Thes9 arg not all new rlsks to the trust and have bBen Sutxessfully mengged kn pravknus years by èxerci8ing cAre in budgeting WKI dgC45IrTrmaTrJ. The main rfsks at prowrt are cOnnt9 th the 8xtamal econfAny. 1) Pupll numbers have remalned relatlvely swc with the year ending s¥1th 234 puplls on ro18 (Septemtrw 20251. Current pupll numbets aTe 244 IW 2026). Iwwowng marketlng continues to be a prfoty to draw new pup115 to tho Schc. The majorfty of naw pupils rJ)me from vhthin Ihe law church cx)mmunity and by word of mouth. The proportK)n of pupls r8qulrlng bursarf&s has reduced wlth Improv8d processes for awarding and r8vi8w]ng bur88dès. However, thEs 5ti11 represents a risk to th8 s¢hoDI's income. Extemal factors have increased the risk of eXtIng parents defaullfng on fee paymen This risk has be managed by continuing ta ensure that a member of staff is glven time to keep abreast with cJEdit control. h¢)w&ver the engagement ofa Debt Management company may be r8qulred in a small number of case& The d8tsriordUon of the primary accommodation rs a sej5 cause of nceM. The schcw)l is adve pursulng raMt a0MMr*aIi0n to res0e Ihis. Futur8 rise8 in interest payments on the tru3t'$ borrng ar8 81so a potential rrsk. Ail of the above gfve ris8 to a rtsk of ¢xsh Ilow problems. Attsngside PTudenl budgeting and regular monit(xtng. we have the abrfity to Improve cash flow trmugh rnoviw parents to Direct Deb plans and the adopllon of mUltyear agreements. 2) 3) 41 61 REFERENCE AND ADMIMSTRATIVE DEfAILS Registerod Company numbgr 05212585 (England and Wales) R•glstwed Charlty number 1106136 Ragithr ¢)fflc• The Klng's Sthool Sonior Lakesmore House liThJlon Lano, Fair Oak Easdeigh Hampshlre S050 7D8 Pag8 4
HAMPSHIRE CHRISTIAN EDUCATION TRUST REPOFrr OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 S F KEnchin S Froud J Hatcher (appolnted 1 Septemb8r20241 C c (resign March 2025) M PaFkgr {wgned 31 Augu 2024) C (reswed JunB 20251 A Scurr Audltorn MC Audit Umit8d statutory AdOIS Lake House 2 Port Way Port So]ent Hampshlre P06 4TY Bankers Barclays Bank Portsm(xrth City Branth POBox6 Port8nJ)uth Hampshire P067DB COMMENCEMENT OF ACTivmES The charity whlch has been trddlng slnce 1995, vras incorporated as 8 Company Ilmli ed by guaraniee, in August 2004. Dormant aompany 8coJunts wére prepared for the year to 31 August 2005 and the running of the s£1 tranSFeTr1 to nthy charita& company on 1 September 2005. STATEmETr OF TRUSTEEW RESPONSIBILrriES Tha trustees (who are also Ihe d1clor8 of Hampshiro Christian Education Twst for th8 purposes of company law) are responsiblo for PTepartng the Report of tho Trustees and the flnanaal statements in acclwdance with applicable law and Irted Kin9Jom Ac(x)Ung Stsndards Iunltsd King(b)m Generally Accepled Ac¢ounUng Practice). Company law requires the trustees to prepare finanrad statements for finanraal yEar. Under that k2w. the trust895 have deded to prapare tho finanaal statsments in accordance with United Klngdom GonerdNy Accwed Acoxsnting Practkg (United Klngdom Accounllro Standards and applicablB18w). Under cunpany law th8 trust895 must not approve the finanthl statements unless thèy are satisfied that g8 a true and falr wew of the State of affairs of tho chaiitable cornpany and of the Incoming rèsources and appllcation ( resources, including Ihe income and expenditure. of the charilable (x)mpany that period. In prepamg those financ4al 5tatemenK Ihe tru5te8s are required trj St suAable accountlNJ Fdldes aml then appty them consL8tentty" obs8rve Ihe m8thTrJs and wInci&S In tho Charilles SORP. make jUdgerrts and estlmatss that are reasonable and Fyudent prepare the finanoal statemenls on the going ¢cHrn basis unle88 it is inapproprfate ta Presu that th8 charilalAe npany will corrttnue in buwness. Page 5
HAMPSHIRE CHRISTIAN EDUCATION TRUST REPORT OF TNE TRusfEES FOR THE YEAR ENDED 31 AUGUST 2025 STATEMENT OF TRUSTEES. RESPONSIBILrriE8- conllnued Th8 trustees are respDnBible for keffjing PmFer a¢YUntIrtg records lch rfu408e wilh reasonable aLracY al ary time the financlal postbon of the chwtlabte (panY and to enat4e them to ensurn that the finandal statements Lzynply wilh th8 CornpanM Act 2t)6. They are akn reSp(ThIb for safeguarding the a85ets of the charitabl8 Ix)mpany and h9n for t8J(ing r8a80nable steps forlhe prevfjntion and dete¢tKm of frnud and other lffegukrttie& In so far as the trustees are aw8re: the is no relewdnt au(Jit infomUtsn of lch the charitthe compan5 audltot3 are unawara: and the trust¢95 have tsken all 8teps that Ihey ought to have faken to make themselves aware of any relwant audlt infomTrticm artd to Bstablsh that the auditor8 aware of that infomialon. AUDITORS Thg audltor8, MC AMdit Limited. will be proF4Jsod for re4FV)intment 81 the forthrxHnlry Annual Genaral Me8llng. Approved by (Kder oflho boaTtI oftruth66 on 29 Aprfl 2026 8nd $igrth on its bthlf by. - Trustee Page 6
REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF HAMPSHIRE CHRisrtAN EDUCATION TRUST Oplnl We have audibj the finanLxal statements of Hampshire Clstian EduCaan Trust (Ihe'chaiilabto Compan fw Ihe ended 31 August 2025 whtr coryise Ihe Ststemenl of Finanuel AG4ivities. the Balan( Sheec th8 Cash Fknw statemenl 8nd notes to the finanud statemts. including a summary of siqnificant accountru polides. The finanual r8porbng framework that has be¢n applie(l in thair Preparation Is aptAicable faw and United Kingdom Aw)untlng Standards (Unlted ngdoM Generany Apted A(minling Practlce). In our oF4nion the fin8ndal statements: give a Inje and fatr vtew of the state of th8 charitale (y)MpaS affairs as al 31 August 2025 and of 13 In(lIa re50urca8 and appbcatll of rtssourceg, Indudlng ils irK(The and extmdire. forthe yearth8n ended; have beèn properfy prepared in accordance Wbth United Kingdom Generally Accepted A¢1Ing Pra(. and have t¢en wwared In a(urdan wrth the requIremts of the Companles A£t 2006. BaBls foroplnlon We nduCted our audrf( in accordanc8 th Internatnal Starxlards on Audltng (UK) {ISAs {UK)l and apkliL¥b18 18W. Our respongibiliti8s undor those slandards are further In the ALrditors' responsibiltbe3 for the audli of the finandal statements seraion of our lerL Wfr are independenl of the chaFitatile company Sn rdance vAth the elhical rwlulftrnw that are Tdevant lo our audli of th8 firranLaal statements in Ihe UK, Indudlng thB FRCS Ethlcal Standarf, a1 we havo fulfilled our other e1hl(l responsit)ilitEs in accordance with these requirem8nts. We believe that the aLwJit evidence we have obtshed is 5uffitient and appropriate to provide a basts for our opinhjn. Concluslons rnlatlng to going concern In audthng the finandal ststements. we have conduded that the trustees, use of the going concem bass of aln{Ing In the prop9Tron ofthe fln8ndal statements Is appropth. Based on Ihe Wa we have perform, we hav8 not Ideed any material uncertalnties relating to events or conditions that, irKlvhJua]ly or llective, may c3st significant dou on the charitable cornpanvs ability to contirnje as a 9)ing concem for 8 rftxd of at lealwth8 months from wh8n the finanaal statemerts ara authoris8d for issue. Our respDnsibiliknes and the responsi1litIeS of th8 tne8 th respect to going eoncern are descfibed in tha levant soctions of thls re[L other Infomlatlon The thJ8tees are responslble for the other infoFmatlon. The 0th8r InfoatiOn comprises the Infomiation Induded in the Anr¥Jal RewxL other than the ffinandal slAtsments and our Report ofth8 1ndependentAUdito thereon. Our opinion on the final statements does not cover the other infomiathn and, 8x to the gxknt othe18@ expfic41Jy ststed In our r8wt, we do not exprgs$ 8ny fomi of ossurarth conduSn thorw)n. In connection wilh our audit of finandal ststements, our responsibdty Is to read the other Infomiatkn oThJ, In dolng 50, ¢onskler whether the ottr information is materiatty Ino)nsv&tent vAth the financial statements or our knoadge obtained in the audit otheMi8e appears to ba materially mlsstAled. If wo identify suth material Inconsist8ncies apparwt matwial misstatements, we are requir8d to determine Ythether tNs gives rise to a rnaterial mlsststement in the anthal statements themselves. , based on the work we hav8 p8rfornd. w8 ndude that thère is a malgrial misstatement of thls other infomiatw. we are requad to reFK)rt thatfacl. W¢ havè nothing to report in this rega. Oplnions on other matlors prescrfbod by the Companies Act 20D6 In our opinlon, based on Ihe work undertaken In the cours8 of the audlL" the Inf(Kmation given In the Rewsl of the Trustèes the finanaal year frjr *fftich financial statements are prepared Is crjnslstgnl tho finanual slat8ments,' and the Report of the Truslees has been prepared In acurdanGe wllh applicoble lega] requirem8nts. Paga 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HAMPSHIRE CHRISTIAN EDUCATION TRUST M•tler8 on thlch wo aro required to Part by oxceptton In the luht oflhe and undending of th& tharflat48 company and ils rOrent obtsined the oJuF5e of audit. we have Mt Klentified matwwl mi8Statsmert8 In the Rewt ofthe Trustee& Wa have n¢)trlrKJ to rwt kn 18speci of thg foitowlng matters vthero the CorYpani85 Act 2006 requlre3 us to repryt to rf. In ourrptnton: . adaquate actountr recNds have not been kept or fetums • for our audit havè not bw ro¢vNed from branchès not ¥lled by us," or th8 flnan(i statemerts are not In agreeMttWilh the actourthu reo)rd$ and rthm& or certaln dlsfJsures of trustees, remuneralion speafied by taw are not made: or h8ve not rrfeNed all the inform8tion and exr4anaticKns requlre forouraudlt., or the trustees W8re not entNled to lake advantage of the small companies frxgFnpt[ from the reqU1me to prepare Str8taglc Rawl or in prwrfng Ihe Report oflhe Tnjstees. Rosponslbllllles of trustees As 8xplained fully In the Ststement of Trustees, Responslbiliues, tha trustees (who are atso the dir&tots of the ¢haritatle ccwywary for the purposes of cxjmpany law) are responstbla for the praparation of the financid slatements and belng satisfied that they give a true and falr view. and for such intsmal control as trustees deterynine L8 neceswy to enable the prepara of finanud Statem that ara free from material misstatemenL elher due to fraLMI or error. In prgpariTrJ the financial statemorrts, Ihe trustees are reVIble for a88esslng thg tharitabie compan*8 ablltty to continue as a goirwJ (onc£m. dtsdosing, as applIble. Matte relaw to goln9 cern ar vslng the going rcoM basis of aca)Ltnling unless the twslees either intend to liqldate the charilabl8 conN)any LY to ceas8 operatio. or have no reallstic allwnalive but to do so. Page B
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HAMPSHIRE CHRISTIAN EDUCAMON TRUST Our wponslbllttle8 f¢r th• audit of th• flnanGlal statomonts Our cbJeCtI are to obtsln re8sonabl8 assurance atrt thethar the fjnanda slatements as a lvhob are free frc¥n matgrW mlsstatemenL ether due to fraud or etror. and to Issue a Rert of th8 Indepeent AudilrKs that indudes our OF#niorn Reasonthe as8yranr is a high 16vel of assurance. but is rM)t a guarantee an audrt conducted In accordance wlth ISAS (UK) 1 Mys detect a m*rial mi5StatThnt vth8n It axists. Misstatements arise frc fraLKI or gffor and are nSid1 maknal if. indrvtdually or In the aggregats, they cwld re3abty b& eXpd to infiuen¢x the erxsrv)mic dedslons of uséts tsken on the basis of thes8finandal statements. Tho exl8ntto which our procedurns ar8 p£ble of detecling irregularfttes, induthng fraud ks dalled bekw. From dig¢ussvJn wth management and those charged wtth govemance infom)ation about the enty is documentpAI Io assw38 the athty I1h1n the organlsation. We discuss managemenf5 assessmgnl of rlsk In res1 of irylarlbes, fraLKJ and going o)nIrn. Based on dlsc#Jsskn¥ and our own ossessments we datsmined Ihat the key risk areas were irrne reojgnthon In respect of1 off issues an(1 manag8ment overthje (CeM[g fv slze ofthe organisati, W8 $8t fin8nr4al statement materialty level based on the level of h)rJ)me. As a not for profit organisation rai51ng Inc(xne its prlmary f(S whkh Is vthy income was to determin6 th8 kryvel of materiallty. Our overall assessment of risk was u58d to detsmilne performance mat8rAlrty al an approwats levd. &Jb5tanlkve audit tBBts were doskjned aftw ass6sslng and performing walkthrough tests. Tha w8lkthrough teoting c0nfirnd documented systems which have been desi9n8d to act 8$ a prèyentative measure agalnst fraud and err whlth appear to be operating as rt0Mented. Substantive t6sli tested a samtAe of the populalion. repre8entatiV8 of the powlalon, to identify eThors. ThetsSng did rtot identify any rnalerial misstalements in areas tested. Audit wjbstsnllvè tests 0)ncluded no matsrial error8 over the key risk ar&98 of hQme recognibon and management OV8nlde. Th9 gudit o)nsKter¥ the organBation 18 not exposed to mtsial risk of error as a resulL of as8885iTrJ laws 8nd regulations that are apFryriate to thp orgBnwbon. Management a88e89ed tsre i6 no going CDnc8m risk. The audit undertook a review of budggts. manawnent ac4xur and the r&Aaw of b)ard mlnules and Carr to U)e same cwclusKJn as man8g8menL A fiulher description of our rèsponsib1tieS for the aud of the finrda1 staternents is kxated on tha Flnandal Reportsng C(yJnriVs website at www.froorg.uklauditOTsresponsibilitle& Thks description f(wms part of our Report of IhB Intspdent Audltor& Page 9
REPORT OF THE INDEPEMDENT AUDITORS TO THE MEMBERS OF HAIIPSHIRE CHRISTIAN EDUCATION TRUST Usè of our r•port This r8port Is rde sdely to the chwitthe ¢pan8 memb¢r5, as a boty. in fjccordan wilh Chapter 3 of Part 16 of the Comp8nles Act 2(%)6. Our aL)Jit ha5 been undertakén so that we might state to the d)8Tltab]e L•nJes rneTnbgr8 those matter5 we ar8 rBquired to state to Ihem in an audltofs, report and no other purpose. To the fullest extent pemitttad by law, we do r1 a(zept or assume responsSblllty to anyMe other than the c11&bIe D)mpary and the charfiaup companys members as 8 tr*Jdy, for our audlt work, for this iewl fOr the opinions we have ft>rmed. Math SoLrthem BNHons) FCA {Senlor Statutory Aurfrttsr) for and on behalf of MG Audit LTrnfted stalutoryAudStor5 Lakg Hwse 2 Port Way Port Sotenl Hampshire P06 4TY Page 10
HAMPSHIRE CHRISTIAN EDUCATION TRUST STATEMETrrf OF FINANCIAL ACTMTIES NCORPORATING AN INCOME AND EXPENDfFURE ACCOUTrffj FOR THE YEAR eNDED 31 AUGUST 2025 2025 Total 2024 Total fvnds Unr6strided funds ))Jnds INCOME AND ENDOWAENTS FROM L)onAtk)rts and leg8des 64.206 B4.206 51.562 Advancemgnl of edu(aUon 1.808,283 1,808,283 1,611306 oth0rtrad actMtte8 2225 12,949 12,949 11JO.256 1,887,863 1,887,863 1.765.932 EXPEIIDITURE ON Ratsing fvnds 18,C0 16,000 24.582 Charltable actlvltle5 Advancement of education 1,997,051 1,997,051 1,774.335 2.013.051 2.013,051 1.798.917 NET INCOMEI(EXPENDmJREI othgr reGogn1s9d galn¥lOosses) GatrE (m revBJuation of fixed assets (125.388) (125.388) (32,985) 462.444 462.444 Not m0vent In funds &37, 337,056 {32.985) RECONCILIATION OF FUNDS Totsi funds broughtfonvard 2.433,714 2.433,714 2h66.699 TOTAL FUND8 CARRIED FORWARD 2.770,770 2.770,770 2A33.714 The notes fomi part ofthese financièl ststements P8ge 11
HAMPSHIRE CHRISTIAN EDUCATION TRUST (REGISTERED NUMBEFL. 05212585) BALANCE SHEEr 31 AUGUST 2025 2025 Intanglbl& assets 14 15 500 2.764J27 2.409.793 2,764.827 2809.793 CURRENT ASSETS Debtors Cgsh at bank 16 236,915 1,190.474 974,224 1.097224 2.164.698 CREDITORS Amounts falling dua within one year 17 783,275) (1,632.860) NEf CURREpifASSETS 313.949 531,838 TOTAL ASSEfs LESS CURRENT LIABIUTIES 3,078,776 2.941.631 CREDThORS Amounts falln9 after more than one year 18 {308,006) (507.9171 NET ASSETS 2.770.770 2.433.714 FUNDS Unrestri(thl fvntts 23 2.770.770 2.433,714 TOTAL FUNDS 2.770.770 2A33,714 These fmancAal statsments have be8n prepared In axordanca tha provtslons appThcabio to charilaile cLvnpanie8 suiyect to the small companies reglme. The fin481 statèm8nls wer9 8ppThed by the Board of Trusteos and authorfsed issu• M 29 XI[ 2026 and Mere slgn8d on its behaf by: - Trustee The notes form part oflhese fnanaat stalements Page 12
HAhlPSHIRE CHRISTIAN EDUCATION TRUST CASH FLOW STATEMEKr FOR THE YEAR ENDED 31 AUGUST 2025 2024 Cash generated from f8on8 Interest paid Hnanc* costs paid (100,2961 (34,316) 16.CK)O {2.582) 12.1351 rash {sed inyprovpjgd by opwating acb (118.612} 251.245 Cash flgws from Inv¢3Wng actlv51105 Purtha¥e of intanglble fixed assets Purthose of langiEAe frKed assets Interest received Fknanco interest inco (V25) (7.627) 12,W3 {11.888) 6,059 94,197 NBt Lxsh prowded by investlro activities 4.697 88,368 chan In cash and rnsh 4ulvalents In the repDrtlng pgrfo Ca8h and cash ¢quivalonts atth bBglnnlng of the reportlng perlod 1113.915) 339.613 974,224 634,611 Cash and cash equlvalents at the •nd of the r•portlng poriod 860.309 974,224 The notes fo part of these fqw)dal statements Page 13
HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 RECONCIUATION OF EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTMllES 2025 21Y24 Not exPendIt fprth? reportlng perfod {a* por the Staton of Flnanclal Actlvltles) Adjustments for." Dew8(aation tharoe8 Intere8t received Intsresl pakj Ftnanc8 ¢05ts Amortisation Charges Finance irtère51 incom8 Revaltsalion SrU$ D8crea8el(incre85el Sn debtors 11)effta8aylncrease in er&Jito (125.388) (32.985) 115.661 {12.949) 34,316 {16,(KK)) 126 110.6j {6.059) 12,135 (94.197) 1462,444} 953.559 (587.176) (1,039.738) 1.313,574 Net cash (us9d Inyprovlded by ¢)perntions (1(1,296) 265.962 ANALYSIS OF CHANGES IN NET FUNDS Al 1.924 Cash Ifow At 31.8.25 Net ush Cash at bank 974,224 (113,915) 860.309 974,224 (113,915) 860,309 Dobt Debts fauing due Vn 1 ytar Dobts falllng due 8fter 1 year 136,3761 <261,4281 {4.594J 37,170 (40,9701 (224,2581 {297,8041 32,576 {265,2281 676,420 (81,339) 595,081 The notesftwm part of these finanaal statements Pagg 14
HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POUCIES Basls of pr¥parlng the flnanGlal statements The financial ststements of thè charitai4e (x)mpany. lch is o publlc banefft enllty under FRS 102. have b8en prepared In aCC4ydan vAth the Chadties SORP (FRS 102) 'Aco)unting and RgPOrtiThJ by Ch11188.. Statement of Recommen(led Practice appticable to dwrfbes pyeryary their a)unts kn acxordance wllh the Finanaal R4)orUng StsrKlard applic8tle in the UK and Republlc ot Ireland (FRS 102) (effecJive 1 January 2019y. Fiwicial Repcittng Standard 102 Tr Finan(yBI Ren9 Standard a1¢3b[¢ In the UK 8nd Repubfic of IrdaNI aTrJ the CLxnpanks Act 2006. The flnancial statements have been prepared under th8 historiG81 cost convention. as mDdified by the Tevaluabtin of certain 85set& Golng concgrn Th8 trustse direcors nSIder that there aro no mattrial uncwts1nt$ r9garding Ihe charilable (x)mpanls ablity to conlinue as a going concem. InGome l irK)Nne is recogn58a(l thè Statement of Flnandal Adlvilles onc& the charity h•s 8nttUement to th¢ fvnds, it Is wobable that the trKomewm te receive(l and the amunt be maasured rdithy. Expondiiura Liabilities are reccwlsed as exp8ndiiur8 a8 800n as there is a legal or constructNe 19atIon commitbng the tharity to that endIture. it Is wobable that a transfer of ewnomiG beneffts wll be requlred in setuement and Ihe amount of Ihe obligation can be measured reliabiy. Eynditurè 15 accounted for on an acL¥uals basis and has been classlfied under headings thot aggregate all cost rdatod the &egory. Where costs cannot be threctly attributed to parbGular headings they hav8 been all(Kated to activitles M a basis consSstent with the use of rosourrRs. Tangible Ilx•d ass•ts DePlatIOn 18 providod at the followlng annu81 ratgs In order to wrlte off eath asset Over its 8sUmated useful rrfe. Frèehold ppty PLqnt and machinery FSxbJr85 and fftungs Cunputer aqulpnl 10% on cost and 2% C cost 20% on cost 33% on w8t Tanglble rd assets under cost modpl are stated at hlstorfcal ctht tess a(0Jmated depreoation and any acc4Jmulat8d IMpainnt le9e8. Hlstorlc81 cost inthde8 expenditrjre that 15 dlrecdy 8ttfibutle to LM1nging thg assat to th8 l¢Thtion and ¢J)ndltlon nSSary ts It to be c8Patle of Operang In the manner intevKled by manag8m8nL A85ets are reMew&J for indirators ol ImpalmnI at each dale. If an assefs cerying amount exceeds s recovorthe amounL an impalrment k)s$18 reDJgnrAI in thè Staternt ol In¢.. IldUal fixed assets c051ing £500 or more ar8 e2lis&Y at c¥)sL wrih except1 of computer aquipment vknlth kg capftalised rfthe MdiduaL (>)st is £250 or m(Tr. Taxation The charity is exempt frcth tax on Its tharltable 1¥1. Fund aGGountlng Unrestrided furKls ran be used In ac1 with the dwrilat4e obie¢kn atthe di5(xetM ofthe trustees. Rostiicled funds can orly be usgd for parlicul8r r8strfred pwpK)8es wilhin the Ob of the tharity. Restriton8 arfse when speofied by the donororsvhen funds are raisgj for partlojlar restriGted Pl88& Page IS ¢J)ntknugd...
HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMEKfs. contlnu•d FOR THE YEAR ENDED 31 AUGUST 2025 ACCIXINTING POUCIES. contlnued Fund a¢¢ountlng Furthgr eXnakn ofthe rlUre purw8e ofeoch fund Is Included h fhg notss to the finanrjal 8tatements. Rentals paid under operaung a885 arg (arged to the Statent of Flnaneial AclMts6s m a strht Ilne basls Pe19n costs and other postrfetlrement bonef The charitable ccnpany 0ratsS a deflned Wn1Jukn penslon scheme. Contllbution$ payablè to the charitable c4mipans n$)n stheme aro Larged io the Slatement of Financial Acbvitses in the period to whith Ihey rnlat& Flnancial Instrnments Th8 charity On enters into ba¢ financial inslruments transaclons that result In the reoy)gntbon of finand assets and lbIlIbe9 lik8 tr8de and other accounts reG8iV8bl& and payable inve8trrnts In stocks and shares. measurement basis U88d fwthe5e finartdal Instruments Is detaed b81*)w. Dobtors Trade aNJ othar dBbtors are recognised at the sètuemgnt 8mount due after any trade discvunt offered. Prepayments are valued Bl Iha wTrount prepald not of any trade dlsoounts due. Cash •t bank & In hand Cash at bank and In hand w{KIeS cash hald on depo8f( or in a current accounL Crodltors and provlslons Credmors and provisions are recognised where the d7aritalAe compary has a present obligation resulting from a past event that wll PTob8trJy result in Ihe transfèr of funds to a third party and the amount due lo sew& the obligatton can b8 measured or estimated reliauy. Creditors and provIsn5 are nOnalty reco3nised at their settlement aTrt afteralovAro for any trade dis(xMJnts duè. DONATIONS AND LEGACIES 2025 2024 Dona008 51.W2 OTHER TRADING ACTIVfflES 2025 2024 Fundratslng events Py16 ojntinued...
HAMPSHIRE CHRISTIAN EDUCATION TRV8T NOTES TO THE FINANCIAL STATEME1S- conflnu•d FOR THE YEAR ENDED 31 AUGUST 2025 INvEStmEP INCOME 2025 2024 Depot a(Jint Irrterest UndIng the dlstxxmt on kn reoewod in advance 12,949 12.949 1(.256 Al Inveslment IrK£ne L8 dwNed from Bssels held in the United KngJ¢All. INCOME FROM CHARITABLE ACtivmE8 2025 2024 Sthool fees and burswiès SC trips and sales Ront81 irKxJm8 SuThlry irKane Advancement of eduCatn Advancement of educalk>n Advancement of educaknn Athaneement of oduction 1K4.164 111.434 4232 168.453 1.386,431 70.704 3.808 152,363 1.808,283 1.613.3( RAISING FUNDS Raisinu dortaNon8 and legacle8 2025 2024 Fance cosi 16.000 24,582 CHARABLE ACTivmES cosrs Dlrect Costs (see note 8} SLPPOrt costs {saa note 9) Totals ancement of educath 1.124,168 872.883 1,997.051 Page 17 continued...
HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMEpifs- conllmi8d FOR THE YEAR ENDED 31 AUGusf 21)25 DIREcf COSTS OF CHARrrABLE ACTMTIES 2025 2024 947.956 31.368 93,370 3.441 12.764 931,464 33,341 24.999 Trips, Carr and events Tralnlng DBS and Ikenc Fundrdising cctsts 6,802 18.325 1.124,188 1.(r23.876 SUPPORT COSTS Govemanc• Man&¥ment Flnanca Totals Attvancément ofedu¢aknn 868,238 125 4,520 872,883 Supwt costs, indUdl In the aLx)ve, ar8 as filaWs.. klanagement 2025 Advan¢em8nt of educalk)n 2024 Total aetiviti8S 203.182 1.825 3,505 25,724 52.419 10.239 173,958 36,150 4.395 23.154 57,958 10,384 Hire ofant and machlnery Rates and water Insurance Light and heat nibus and car parf( expns8s Legal and profes¥ional f Repairs and maintenan stationery, postag8 and plne Sundry expenses Donalions Deprec4alion of tangibl8 assets 8ank interest Unwnding th8 discount on fees 1Ved in advance li 10,844 328.756 33,874 47.971 47 115.536 1.843 21.960 198.944 34.152 71.751 110.651 32.473 868.238 746.069 Page 18 nued...
HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS. contlnuod FOR THE YEAR ENDED 31 AUGUST a)25 SUPPORT COSTS. conthwed 2025 2024 Total tiwib8S edlIon ortisatbn of Inianglbl8fixed assets 125 2025 Advancemwlt 2024 odu10n activ6tTes Auditors, remuneration 4.520 4.390 Ill NEf INCOMEI(EXPENDITURE) Nat ney[expreI is st*d 8ftercharginty{¢xedRwl'. 2025 2024 AuditoTr' remunerdtion Depredation- own8d a&%ets Hire of plant and machlnery Wetrth arrti$ati 4.520 115.537 1.825 125 4.390 110,650 36.150 11. TRUSTEES. REMUNERATION AND BENEFITS Ther8 were no tsustees. renwjwrakn (Y other bo for the year ended 31 August 2025 nor fvr the year gnded 31 AugLtst 2024. TTU8t••s' expens During fha year no trustees (2024: nono) were r6lmbursed for out of pocket axpenses. 12. STAFF COSTS 2025 2024 Wages and salaries So(ial security $ts Olher penskon o)sts 1.053,118 80,058 17,962 1.022,592 64,807 18.023 1.151,138 1,105,422 Paga19 nnued...
HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMEpifs. contlnu•d FOR THE YEAR ENDED 31 AUGusf 2025 12. STAFF COSTS . nned The aNBtage numiwofemployees durir¥J the year wa5 as folhM' 2025 2024 Adv8n(wnent of EduGath?n Support staff 61 No eMpY rece8d emolum¢nts In exces8 of£60,000. K•y monagoment personnel The kay m8n8gement pwsonnel of the tharitable company corryTM, the Hoad T8ach8r. the Deputy Head T88cher, the Business Dovelopmenl Martager. the H1 of Options and the Hèad ol English. The total emplDye8 beneffts of the koy management Personnel of the charilable company werè £203,182 (2024.. £195,953). Thi8 does not indude remuneration for trus18es. 811 of which i8 reP)rt as per rKJte 11. 13. COMPARATIVES FOR THE STATEMEp¥f OF FINANCIAL ACnVITIES funds funds funds INCOME AND ENDOWMENTS FROM Donaticffis and legaGies 51,562 51.562 Char5table actlvitlos A(Iv8ncement of oducaflon 1,813,306 1.613.306 otherlTadlng activitles Investm&nl InLe 808 100,256 100,2S6 Total 1.765,932 1.765,932 EXPENDITURE ON Ralslng funds 2482 24,S82 Charftsble actlvltles Advanment ofedUcatn 1,774.335 1,774,335 Total 1.798.917 1.798.917 NET INCOMEIIEXPEt4DITURE) (32.985) (32,9851 RECONCILIATION OF FUNDS Total fvnds brought fr)rwar 2.466.699 2.466.699 TOTAL FUNDS CARRIED FORYIARD 2,433.714 2.433,714 Page 20 contlnued...
HAMPSHIRE CHRISTIAN EDUCATIOM TRusr NOTES TO THE FINANCIAL STATEMEpifs. ¢onlnuod FOR THE YEAR ENDED 31 AUGUST 2025 INTANGIBLE FIXED ASSErs At 1 September2024 AddltKffts 4,500 625 At 31 Awust 2025 5.125 AMORTISATION At 1 September 2024 Ch8rye for year 4,$00 125 At 31 ALWJUBt 2025 NET BOOKVALUE At 31 August 2025 At 31 August 2024 1& TANGIBLE FIXED ASSErs Imwovements to FreehrAd ppety Plant and machinery COST OR VALUATION At 1 Septamb8r2024 dthons Revaluations 2.142,333 450.482 6.038 24.195 287,667 AI 31 Auyu8t 2025 2,430,000 456.520 24,195 DEPRECIATION At 1 Septsmber 2024 Charge for year Revaluatr)n adJustsn*ts 131,930 42.847 (174,777) 77.786 45,652 21,786 2,429 Al 31 Awust 2025 123.438 24.195 NEf BOOK VALUE At 31 August 2025 2,430.000 333,082 AI 31 ALWUSt 2024 2.010.403 372.696 2,429 Pago 21 continued...
HAMPSHIRE CHRISTIAN EDUCATION TRUST P*)TES TO THE FINANCIAL STATEMENTS- ¢onllnu•d FOR THE YEAR ENDED 31 AUGUST 21)25 1& TANGIBLE FIXED ASSETS- conunwd Fixtures and fitlng8 Computsr e(wipment vehKJe3 TcrtaL8 COST OR VALUATION At 1 Septemb8r2024 Idthons ReVaatrOn5 109,160 642 14,7C 91,238 2.832,108 7.627 287,667 At 31 A$t 2025 109,802 14,700 92.185 3.127.4U2 DEPRECIATION At 1 Septembgr 2 Ch8rgè fory8ar Rèvaluation adjustments 94.237 16.565 14.700 81. 422,315 115,537 1174,777) At 31 August 2025 109,802 14.700 90,940 363.075 NET BOOK VALUE At 31 August 2025 1245 2.764,327 At 31 August 2024 9,342 2M09,793 Cost orvauall(m at 31 August 2025 is representgd by. Improvements Fr88hold prup Plant and mathinery prty Valuation kn 2025 287,667 2.142,333 456,520 24,195 2.430,000 456.520 24,195 FLxiures and rrttings veNcl8S e4ipenl Totsls Valuatton In 2025 Cost 287,667 2,839.735 lo9,2 14.700 92,185 109,802 14.7LMJ 92,185 3,127.402 Cost orvaluat1 dfroeho]d property at 31 August 2025 Is representsd ty. Valuation In 2010 Valuatlon In 2015 ValLfdtion in 2020 Addibons ValLwtion in 2025 1,627,715 272285 42.333 287.667 Page 22 continued...
HAMPSHIRE CHRISTIAN EDUCATION TRU8T NOTES TO THE FINANCIAL STATEMEPUS- ¢onUnued FOR THE YEAR ENOED 31 AUGUST 2025 1& TANGIBLE FIXED A%SEfs. cortlnu8d 2.430,000 Tho T$ othertanglbl8 ed assets ar6 lTrJuded * Iffre8hrAd property had t been ravalued itwoukl have been al the follotyng htorkal 21Y24 2.049,402 2.049,402 Aggregatè deprecyation 949,973 8,985 Freehdd propety was revalued on an open market basis in 21Y25 by V811 Wlllams LLP. DEBTORS: AMOUNTS FALLING DUE WtrHIN ONE YEAR 2025 2024 Trade debtors other debtor5 Prep#ym8nts 160,502 23,516 52,897 1.143.605 21.176 25.693 236,915 1,190,474 In the prlor financial year, involces wer8 ralsed in June 2024 due to changes in VAT legislation affecting pfvate schools. As a rUl( trade debtors were higher in the prior r. 17. CREDrroRS: AlaOUNTS FALLING DUE WITHIN OME YEAR 2025 2024 Bank h)ans and overdrats (see not8 191 Fees in advance Trade credAor8 Soraat Senarj other taxes VAT 40.970 334,602 2,339 19,762 96,887 8,950 183.596 6,169 36.376 1,375.800 24.105 13.516 Dew3its 170.769 7.651 783,275 1,632.860 Fees in aval@ Tewesents 5th001 fees received in advanr* fr>r fijture aralamiG yea. 2025 2024 Brobtf(rd Amount rdeased to incoming resources knunt dgfoffwj In year 1.622.289 (1A38.1041 234.165 209,687 {43.699} 1A56,303 418,350 1.622.289 Page 23 ccmtinued...
HAMPSHIRE CHRISTIAN EDUCATII)N TRusr NOTES TO THE FINANCIAL STATEMEKfs. wntlnued FOR THE YEAR ENDED 31 AUGUST 2025 17. CREDITORS." AMCXINTS FALLING DUE ONE YEAR- wntlnu¢d Fees recelved in adwance arn lower bocau88 th8 S¢trf)ol raised rnoro Invc4c68 in JLTh 2024. CREDITORS: AMOUNTS FALLING OUE AFTER MORE ThAN ONE YEAR 1& 2025 2024 Bank thns (see note 19) Fees rn a 224,258 83,748 261.428 246.489 308.006 17.917 19. LOANS Am atySts ofthe mthrity of k)an$ is gen bdow.. 2025 2024 Amwnts fallTrng due wtthin on9 year on demth: Bank loans 40.970 36.376 Amounts falling due between and fve years.. Bank108llS 116,451 113,W2 Amounts faiing due in more than fve years.. Repayabl& by in8talments.' Bank kq 107.807 147,466 LEASING AGREEMENTS Minimum1&188 paymTts under r)na18b]e operating leases fall due a5 foltSWS." 2025 2024 thln one yr Betsveen one and lfve years 15,161 46,654 9,414 61,815 9,414 Page 24 conlinued...
HAMPSHIRE CHRisfiAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMEwfs. ¢ontlnued FOR THE YEAR ENDED 31 AUGUST 2025 21. SECURED DEBTS Thè s¢oJr¢d debts are kndUd wAhln C¥edIt3. 2026 2024 Bar* Icon 265.228 297,804 The bank loan was secured by a charge over the freehohJ propety at Lakèsmere House, Allngton Lane. Far Oak. Eathigh. AMALYS18 OF NET ASSEfs BEfwEEN FUNDS 2025 Total funds 2024 Tc+al lunds funds FtrAed assets 2.764.827 1,097.224 (783,275) {308.006) 2.764,827 1,097.224 (783,275) (308.0061 2.4CB,7¥3 2.164.698 11,632,860) (507,9171 Current liabililies Long temi liabilths 2.770.770 2.770,770 2.433,714 MOVEMENT IN FUNDS Net At 31.8.25 Al 1.924 in funds UnraBtrlcted funds General fvnd Revaluatlon reserve IM Asslsted Pla IM Bulldh¥J Fund 2.383.116 (138,5211 462.444 12.633 2.244.595 513,042 12.633 2.433.714 337,056 2,770,770 TOTAL FUNDS 2.433.714 337,056 2,770,770 Nel mov8m8nt in fijnds, Indudad in the above are as fdlow8: Inwning Re50ufL Galns and 108 fund8 UnrBstrf¢ted funds Generdl rtd Revaluaticffl reseNe IM Assi8tsJ Piaces IM BudIr¥j Fund 1.874,530 12,013.051) 1138,5211 462.444 12,633 500 12,633 500 1.887.663 (2.013,051) 462.444 337,056 TOTAL FUNDS 1,887,663 {2.013,051) 462.444 337,056 Page 25 c(tinued...
HAMPSHIRE CHRISTIAN EDUCATION TRUS[ MOTES TO THE FINANCIAL STATEMEpffs . contlnued FOR THE YEAR ENDED 31 AUGUST 2025 MOVEMENT IN FUNOS- contlnwd C¢*nparallves for nMw•mont In funds Tr&nsfprs At 1.9.23 In funds 31.824 Unrestrlcled funds G9ngral fund Revakmtion r05eNe Entichmentfund 2,316580 132.985) 99.521 2,383.116 99.521 (99.5211 2,466,699 132,985) 2,433.714 TOTAL FUNDS 2.466.699 132,985) 2,433.714 Comparativ8 net movement in fv)s, Induded in the ¥tx)ve are a8 follows: Irning reswrces experKled kn funds Unrostrlcted funds G91 furKI 1,765,932 (1.798.917) (32S851 TOTAL FUNDS 1,765,932 {1,798.9171 (32.9851 Enrlchmont Fur<1 Thls fvnd ig a fund designa1& ty the trust0& dlrectors to be a phy8lral acccwnt where fundralsing events and trips could be accounted for to ensu that all monles ralsed in tNs way (xjuld b6 spent on enFrdrKempnts to schooi raknerthen kJ5t kn the day to day running of the schoc4. IM Asslstsd Placos ThTs ftjnd ra degnated to supwt families vtho appty a redudkffl in Schod fees. IM Bullding Fund Thts fund is designated for a new prfmary da¥5r¢yJm block. RwaluatlDn re8eryè The reserve ra18tes to thg revaluation surplus ofthe fr8ehold propety whith ts revalued every 5 yèars. Page 26 ¢xnUnued...
HAMPSHIRE CHRISTIAN EOUCAnoN TRUST NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 AUGusf 2025 Eh1PLOYEE BENEFff 08UGATIONS The charttable company operats¥ a ded r4)rthibutlon stheme whkh 15 odmlrfthred Independenuy. Tr oj to the clHrilablg company for thg year vrds £17,962 {2024: £18,201).Ther8 was £5.353 due to thg p3n Jwn8 administrator atthe y¢ar end (2024.. £3.634). RELATED PAKfY DISCLOSURES Purchases of£nil12024: £22,092) have bB8n paid to a companywtho has a crynmcm direth to HampSre Christian EducAtion Thist During the year 2 (2024: 3) trustses had a totsl of 412024.. 5} db17th attendlng the schooL The total fees paid relating to these scK>oI aceS £26.74212024: £18,202 26. ULTIMATE CONTROLUNG PART The ¢hltabl8 company 18 not underthe control of1?trrenty ( ¢)ne Indmdual. 27. LEGAL STATUS Th& tharitatA6 compaw fs a lpanY Ilmtted by guarantee aTrJ ha5 m share G7pital. The liabilty of each mber in the event of vlnding up t5 limited to £10, Page 27