REGlSfERED COMPANY NUMBER: 116288947 (England and Wale5) REGISTERED CHARITY NUMBER: I J33092 Report of the Trus¢ee5 and Audited Financial Statements for th¢ Year Ended 31 August 2023 for LoTrdoD Christian School Ltd (A Compan). Limited by Guara￿te¢) Ga]side and Co. Limited Chartered Accountant & Ststutory Auditor Suiie 631. Linen Hall 162_168 Regeni Street London WIB5TG London Christiall School Ltd Contents of the Financial Sialements for the Year Ended 31 Augv5t 2023 Pa R¢ferenee and AdThinistrativt Det&ils Report of the Tru$iee$ Report of the Independeni Avditors Statement of Finan¢ig1 Aetiiryties 10 Balance Sheet Cash Flow Stgtement 12 Notes to the Cash Flow Statement 13 Notes to the Financial Statement5 14 10 21 Detailed Statement of Financial AetiTrities 22 to 23 London Chri5tiaD Sch￿1 Ltd Reference and Admini$lrative D¢talls for the Year Ended 31 August 2023 TRUSTLES C D FishI(￿k S Wilde (resigned 20.11.2023) J Awnmoun T jon￿ (resigned 2.10.2023) N TrowbridKe (resigned 20.3.2023) N Collctt-whilc C J Hoare A J McCallisi¢r TCWWright MIWesl G K Y Huang (appoinkd 20.11.2023} M J Burden (app)inied 20.11.2023} J D C Monro (apwinied 18.3.20241 cor*lPANV SECRETARY C E Ells¢ REGISTERED OFFICE 40 Tabard Strtt( Lonrk)n SEI 4JU REGISTERED COMPAf4Y f4UMBER 06288947 {Engl&nd and Wal¢81 REGISTERLD CHAIUTY NUMBER 1133692 SENIOR STATUTORY AUDI'foR Gareth Owen Hugh¢5 BS¢ PCA AUDITORS G¥￿Ide and Co. Limiied CharteTed A¢counlant & Statyii)ry Audiior Suite 631. Linen Fl&ll 162-168 Regeni Stre London WIRSTCJ SOLICITORS M(MMe Barlow LLP Gateway House Tollga Chandlels Ford Fastlci8h. Harnpshire SO53 3TG BANKERS ReliwKe Bank Faith House 23-24 Lovai lane London EC3R SEB Page I London ChTi5tian School Ltd Report of the Truste for the Year End￿ 31 August 2023 The tN$tees who &re also dire¢iors of ihe charity for the put￿ of the Companies Aa 20(￿. present iheir Tepoft whth the financial siaiemenis of the Lharity for ihe year ended 31 Augusi 2023. The lll￿eeS hav¢ adopi¢d th¢ piovisioll5 of Accounting and Rcporting by Lharitie5.' Siatcmcn¢ of R¢¢ommended Prnciice applicable lo charilie5 PI¢P)ting their ac£ounts in accordance with ihe Fili￿lLia1 R¢p)rting Standard applicable in the UK and Republic of lYel8nd (FRS 102) (effective l January 2019)- OBJECTIVES AND AcfivITIES ObjL¢¢iv¢s and aims Lundon Clwistian School Ltd rcgisicrcd as a charity (Charity NuTnber.- 1133692) in January 2010. The charitable company was rbiablished to provide exccllenl Christian education for ihc ¢hildr¢n of Lot)don. Publlc beD¢fit llic irust¢Ls have considered the Charity Commission's guida￿¢ on public benefit and. in particular. the specific guidance in relation io charities for the aJvan¢emenl of educatioN and are satÈsfied that ihe activities of London Chrisli8n School Ltd fall within that guidance. Including ihe provision of bursaries ￿ cover hardship. ACHIEVF'.MI ENT AND PERFORMANCE C'hariiahli. aitlvliles l.ondon C.hri81iJn SLhool w&8 established in 2007 with the aim of providin8 an excelleni Chrisiian educaiion for children in ceniral l.ondon. In S¢pl¢mber 2009. the sch￿[ moved into p¢muncni premises on T8￿[d Street in Borough and we continue to benefit from the spocious. purpose-design¢d and well-mainiained building. We have becn able Iv provid¢ v¢ry high quality eduLation ot a f¢e lev¢1 b¢low th¢ majority of independent s¢h¢M)Is in London. Cliildrcn from all backbjrounds aiiend ihc s¢h¢)ol, wilh thc nujority living within a milc radius of lh¢ school. During ihc 2022.23 year, we Provided bursaries for five children. ranging from 1517/0- IIM)Yo rnIu¢iion of f¢¢s. Wt welcoined an additional sixlecn ¢hildren inio Early Rttepiion and Reception in September 2022. We have seen the children thriving academi¢ally. athd showin8 healthy social and emotional progress. We have coniinued io benefii from our rn¢tnb¢Tship of the Independeni Sch(M)Is ASs￿l3110n. FINANCIAI. RF.VIEIV -Insnclal poslilun Thc binancial Statements cover all ihe aclivili¢s of th¢ ¢haritable company a￿1 have Ixen prepared on art attrual b&sis. nur total incoming resources were £1.443.739 (2022- £1356,4061, derived mainly from fees, grdnt income and small donations ￿ceIVed during th¢ y¢ar. This year saw an increase in incomc from our charithble aciiviiie$ in the fomi Orsch￿l fees. as the number ofpupils increased. W¢ also continued to rccctve a healthy amount of incornc from Aftcr School Clubs and extra-curricular activities. Wc Teceived a support grllni from UK Christian Sch(￿75 Lid of £70.918 {2022.. £65.518) io be used primarily for building mainten8nce cosrs and tl)e funding of one full bursary place. Expenditure on charitable activities amounted to £1,338,124 {2022.. £1,236,788) including Suppon costs of £12,466 {2022.. £13,127). For Ihc y¢ar ¢ndcd 31 Au8U5t 2023 the charitable conjpany returned a net surplus of £105.61512022.. £119,618). The tr115te¢5 are 5at15fied with Ihe financial Posiiion of ihe chatithble company and confirtn that thry have ad¢quate assets available to fulfil their obli8alions. Page 2 LtsThdon Chrnstlan School Ltd Report of the Tru5tct5 for the I'eir Ended 31 August 2023 FINANCIAL REVIEW R¢s¢rvi¥ poli¢y Thc irustces long term aim is to esta61i5h reserves at a level which equaies to approximately three months of unrestricted eharitable expendiluie. The trustees Consider this io be a prudent approach io provide 5uificient fund5 to reswnd lo the n]nning of the school and cnsure that the 5UPWrt and governance c0515 are coverd. The balance for Unrestrict￿ fijnds at 31 August 2023 w&8 £254,604 {2022.. £148,989). Going concern The trustees consider there are no material uncertainties aknut the charitable compan￿$ ability to continue as a g(Tring concern. The review of the financial posi(ion. reserye levels and filture plans giN'e5 trustees confidence the charitable company remains a going concern for the foreseeable future. Further deiails reg￿ing ibe adopiion of the goll￿ concern basis can be found in the No￿5 to ihe Financial Statements- Accounting Policies. FUTURE PLANS Seplembei 2022 broughi the start of OUT fifleenih yw ai London Chr]"Siian Sch(K*l. The building on Tabard Streei coniinues to meet our needs for the shon iemi. Thc children are spread over eight academic years. from Early Reception io Year 6. with a one-forni entTI' model We began the arademic year with 119 children. We gained and lost some children throughout the year Ar￿ ended in July 2023 with 116 ¢Jiildren. Tlic inajority of leavers were primarily due lo relocation out of London. Our Year 6 ltravers moved on to se¢orvJary schools * the end of the year. We were delighted with their I l+ results. and they accepied compelitive places. ineluding some scholarship awards (indicated bv "). at Alleyn's School {]'). City of tJ)ndon Boys School (l), Highgate School 11). QEH Brisiol (l). sU￿110n Hioh {I'). Jam&% Allen's Gjrls, School (41, Queen's College I l Tliames Chris¢ian School {2.). The Latymer %chool 111, Whitgift (2,. 1 *). and Colfe's {1* We were thankful for the provision of so many ¢xcellenl feachers, teaching a55iStants and stsff. Miss Nicola Coll¢l¢-White coniinued &$ Headtnistress. She wa5 a55iSted by nine full time and five part time teachers. one trnining teacher and five fvll time teaching assistsnis. We continued 10 bnng in the services of other exLernal S￿cIalIst teacheTS such as Mandarin. Latin. chess fenciJi& ballet and instnjmental. This level of sta￿￿n8 en3ble5 US to maintain our exeellent staff to student ratio, a5 well a5 providing a welcome inte[[￿1 butTer of ¢L)v¢r for staff Lrainin8 or sickness. We continue to rweive enquiries from prospective parents a￿1 have a very go￿ reputation in the local area. Our inost effective mcaD5 of advertising has been word-of-mouth with satisfied parevts and childten promoting the school. W¢ Continue to be well-subscribed for ihe younger years in the school. STRUCTURE. GOVERNAP4CE AND MANAGEMENT GovcrNiNg document TlJ¢ cliarity is a company limii&J by guaraniee. as d¢finfxI by the Cotnpani&s Aci 21K>6. and is governed by its Memorandum and Articles of As9)ciatton. Charity COD5titutitsn London Christian School Ltd is a company limited by guardntee and a re¥l￿ered charity. Registered company numkr 288947 (￿gland and Wal¢s) Registered charity number 1133692 Page 3 London Christian Sch￿1 Ltd Repurt of the Trustees for the Year Ended 31 August 2(123 STRUCTURE, GOVERNANCE AND MANAGEMENr RecrUi1￿ent #nd appointmeTrt of trustees The Board has the poweT al any time io appoini, by ordinary resolution agreed by a SiTnple T￿JO￿ty, any P￿sOn or organisation who is willing to be a Board member. either to fill a casual vaeancy or as an addition to the existing members. Membership is open to other individua]s or organi5ations wbo-. - apply to LoThdon Christian School in the forni required by the BoariL - are approved by ihe Board, and - tesiify in writing their unqualified adherence to the D(￿trnal Stsiemeni &g sei oui previo￿$1Y in ihe memordndum of association. Thc number of tNstees shall be not less than three but, unless othetwise deiern)ined by ordinary resolution, shall noi be subject tts any maximum. Induction and ¢raining of new trw$ttts The trusiees keep Ihem5¢1ves up lo date with charity low and ￿g￿latIOnS p¢rttiinJng to th¢ rducational sector, 50 that they can bring an informed eye to theirwork. The tntslees ensure Ehat the company benefits from hi8h-qtsality investhient and legal advice. Organisational strueturt The twstees, who are also the directors for the pwse ofcompany jaw. a￿1 who seThed during the ye8r were". C D Fishlock S Wilde (resigned 20.11.2023) J Ammaun T Jones (resigned 2.10.2023) N Trowbridg¢ {r¢signed 20.3.2023) N Collett-white C J Hoate A J McCa]lister T C W Wrtght Mlwesi K Y Huang (appointed 20.11.2023) M J Burdcn (appoillted 20.11.2023) J D C Monro (appoinied 18.3.2024) The Board conSi￿S of curreni and pasr parenis. staff membeTS and exiemal individuals. all with a passion for seeking io develop our school. They meet each half tetTn to di5CU5S the School action plan and to monitor safeguarding, finances and implemenution of policies. Our thL5tee5 are keen to be involved in School life ihrough visits, assemblics and events. Risk management The trustees have a duty to identify and review the risk5 to ivhich the charitsble ¢ompany is exposed and to ensure appropriate Controls are in place io provide reLwnable &ssurdnce againsi fraud and crnTrr_ Int¢mal systems and pn)cedures are in place to control all financial transactions and ensure the charitable company'5 activities comply with all applicable regulations. Related parties Details of related parties, where the trustee5 have respnsibiliry for other clwities which have dealings with London Christian School Ltd, are set out in the notes to the a¢¢ounts. where applicabk. TRUSTEES, RESPO.YSIBILITY STATEMENT The irusiecs {who are also the direciors of London Chtisiian Sch(K)l Lid for the puwpose5 of company lawl are responsible for preparing the Rep)rt of ihe Tnjsiees and the financial sraiemens in accordanct with applicable law and United Kjngdom Accouniing s￿ndards (Uniied Kingdom GeneTally Accepied Accouniing Praciice). Page 4 London Christian Sch￿} Ltd Report of the Trustees for the Year Ended 31 August 2023 TRUSTELS, REspof4SIBILITY STATEMENT- continued company law requires the (tuslee5 to prepare fm3ncial sthiements for ¢a¢h finw]cial year which give a true and fair view of the stale of affdjts of the charitsble cotnpany and of the Inwming resoLwces and applieaiion of resources. including rhc income and expenditure. of the ch#Fitable company lor that peritht In prepating those financial staternen￿ the trusiees &tr requiied to gelect suitable a¢¢ovnting w)licies and theD apply them consistently" observe the method5 and principle5 in the Chariry SORP" make judgements and estimates that are reasonable and prndeni: prepknie the financial staternents on the going ¢onc£rn basi5 unless it is inappropriate to presume thJ¢ the charitable company will continue in business. The trustees are r¢sponsibl¢ for kccping propel accounting records which discloK with reasonable accuracy at any titne the fiilancial position Of the rhatitable company and io enable them LO ensure thai the financial 5ts1ements coinply with the Compani&s Act 2(K)6. They ate ajso responsible for safeguarding th¢ assets of the chatitable co￿panY and hence foT L2king reasonable S￿pS for tlie prevention and (kt¢¢iion of fraud and other itregulatitit& In so far as the trusiees are aware.. there is no releyant audtt information of which the charitsble wmpany's audiioTS are unaware- and thc irustees have iaken all ST￿$ ihat Ihcy ought to have taken to make themselves aware of any r¢l¢vanr audit infomiation and to establish that the auditors are aware of that infom￿li0n. AUDITORS The audiiors. GaTside & Co. Limiied. will be prop0￿j for re-aptK)intment at the forthcoming Annual General Imeeting. This report has been prepared in accordance with the s￿la1 provisions of Part 15 of the Cotnpanies Act 2(X)6 relating to small coinpatiies. Approved by order of the board of on ... 29.05.2024 . . and signed on its lthalf by: Ishlock- Trustec PaEe 5 Report of ihe Independenl Auditors to the Mejnbers fjf London Christign School Ltd Opinion W¢ hal'e aUdI￿d thc financial 5taiements of London Chn"stian S¢hool Lid (the 'charitabl¢ cornpany'l for the year ended 31 August 2023 which comprise thc Stat¢meni of Financia] Activities, the Balance Shee( th¢ Cash Flow Statement and notes to the fin&n¢ial statcmcnts, including a summary of signifi¢ant accounting tM)licies. The fiturttial reponing framework that has EEeD applied in their preparalion is applicable law and United KingikTrm Accouuting Stsndarts (United Kingdom Generally Accepted Accounting Praclieel. In our opinion the financial siaicmcnts.. give a true 2nd fair view of the State of the charitable company's affai￿ as ai 31 August 2023 and of its incoming resources and application of resources, includJDg its income and cxpenditure. for ihe year then ended,. have been properly prepared accordance with United Kingdom Generally A¢cepied Ac£ounting PrJctic¢" and have be¢n prepared in accordance with the requiremcnts ofthe Companies Act 2006. Basis for opinio We conducied our audit ID ac¢ordance with Inlemational Stsndards on A￿jIlL￿g (UK) (ISAS (UK)} and applicable law. rc5ponsibilities under ihose standards are fither dexribed in the Auditors, reS￿nSibilitIeS for the audit of the financial siatements seclion of our repon. We are independeni ofthe chaTithble company in accotdamce with the ethical requirements that are relevant io our audit of thc finan¢ial sraicmenis in thc UK. includint the FRCS Ethical sL￿dard, and we have fulfilled our othet ethical responsibiltiies in &¢cordance with these requirementk We ￿lieve thai the audit evidertce we have obtained is sufficient and approprialc lo provide a b￿15 for our opinion. Conclusion$ rtlating to going concern ltt auditing the financial statements, we have concluded thai the ￿￿tees. use of the going concern b&%is of accounting in the preparation of the f￿ancial statements is appropriate. Based on the w(Frk we have perfOrn￿d. we have not identified any rnaterial uncertainties relating to cvents or conditions that, it]dividually or collectively, may cast significant doubt on the chan.uble company's ability to continu¢ as a going concern for a period of ai least twelve months from when ihe financial ststunents ate authori5ed for i55ue. Our responsibilitie5 and the resw)nsibiliiies of the trnStees with resFtd to going concern are described in the relevant sections of this r¢port. Other informatio The trustees are resp0Tr5ible for ihe other information. The other inforn￿lI0D Cotnprises the ]nforn￿tiOn included in the Annual Report, other than the financial statemen15 and our Report of the IJK1¢￿Ident Audiiors therwn. Our opinion on ihe financial SL2ternents does not cover the other information and. except lo the extent oihenvise explicitly gtated in our rewrt, we do not express #ny forni of xsgurawe conclusion thereon. In LonneLiion with our audit of the financial slate￿¢￿tS, our Yes￿￿8lbIlIty is kn rtad the other infoThnalion a￿1. in doing so, consider whether ihe other infotmation is maieri311y inconsisieni with the flnancial SLiiemenis or our knowledge obthined irt the audit or otherwise appears to k materially mis51aied. If we idenlify such maietial incoThsisier]¢ie$ 01 apparent rnaietial rnis5tstements, we are required to deterniine whether this give5 rise to a matetial missta*menl in ihe financial sthtements themseli'e5. If, based on the work we have perf(Im)ed. we conclude thai Ihere is a material missratemenl of this other inforniation, we are required to report thai fact. We have nothing to ieport in ihis iegaid. OpÉnlon$ on oth¢r matters prescribed by the Companie5 Att 21K16 In our optnion. based on Ihe work undenaken in the course of the audii.. the infomjation given in ihc Report of the Trustee5 for the financial year for which the financial statements are prepared is consistent with the rtnancial statements- and the Rewrt of ihe Twsiees has been prepared in accordance wilh applicable legal requirements. Page 6 Repori olthe Independent Auditors to the Members ol London Christian School Ltd Matters which we are required to report by exception In the hght of the knowledg¢ and Unde￿￿￿￿1￿8 of the charitabl¢ company and its enviroDTnent obtained in the course of the audit, we have not identified mat¢rial misstatemcnts in the Rqx)rt of the Trustees. We have nothing to rewTrrt in res￿1 of ihe following matters where the Companies Act 21M>6 ￿qUIreS us io report to you if, in our opinion.. adcquate accounting recornsible for ihe prepan(ion of the fitwhcial 5tatCTnents at)d for bcing saiisfied th&t they give a ime and fair view. and (or such internal conmil as th¢ trusiees deiem)ine is necessary to enable the pteparaiitsn of financial sthtements that are free from material missiaiem¢ni, whether due to frdud or eTroi. In preparing the ftnancial staternents, the tTUStecs are rcsÈx)nsible for assessing the ¢h3ritable compangs ability to continue as a going concern, disclosing, &$ applicable, matters relaied (o going concern al￿ using the going concern basis of accounting unless th¢ trnst¢¢s either intend LO liquidaie the chan"iable company or io cease OtKrd¢io￿$. or have no tralistÈc alternative but to do so. Page 7 Report of the Independent Auditors to the Member5 London Christigll Sch￿1 Ltd Our responsibilities for the audit D(th¢ fJNan£ial statements Our objectives are io obtsin rea50nabl¢ as5Ufdnce about whethcr th¢ f]nancial statements a5 a whole are fr¢¢ from materi misstst¢ment, whether due Lo fraud or error, and to issue a Rep)rt of the Inde￿ndent Audilijts that includes our opinion. Reasonable assurance is a high lev¢] of &ssurdDce. but i5 not o gllardntee that an audi¢ Conducted in a¢¢ordance with ISAS (UK) will alwayb detect a mai¢rial mi55tstement when li exists. Mjsstatements can arisc from fraud or ¢TTor and are Considered material if, individually or in the aggt¢gaie, they could reasonably be expected to influence the econotni¢ decisions of users taken on the b￿15 of the5¢ financial statements. The exient to which our piocedures are capable ofdeteding irtegulariii4 Inch￿Ing fraud ts (ktailed below: Id in and re ndin (o risks of material Tnisstatemen( due io fra As required by auditing standards, and tsking Irt￿ account ￿ssIble pressuffs io meei profit rargets aThJ our OV¢Tall kT￿wled8¢ of the ci)nirol environment. we pcrfom)ed pr{￿edureS to athlress ihe risks of management ovetride of controls and the risk ol rtaudulent revenue re¢ognition, the risk thai those in charge with tnanagement may be in a kX)siiion ro make inappropriate accounting enthes and the risk ol bias in accounting ¢stiTnaies and judgemenis swh as the valuation of fixed &ssets and financial instwments and depreeiaiion policies. To id¢n¢ify risks of material mi&statemcnt due to fraud {-fraud risks") we a55e5sed events or ¢onditions ihat Could indicao an incenttve 01 pressure to eommit fraud or provi(k an oppotmjniry ￿ commii fraud. We communicated identifLoJ fraud risks throughout the audit tearn and remained alert to any llKJirdtions of fraud thToughout the audit Our risk assessment prwedures included.. - EnquirinbF of those charged with management 2nd inspection of kry &8 to the wlicies and procedures lo prevenl and detect fraud. including ihe process for engagin¥ managemeni ￿ ideniifv fraud risks specific to the entity's sector. as well as whether they have knowledge of any actual, suspected. or alleged fraud.. Reviewing minutes of meetings: Revieu'ing intc[t￿l iisk asse&8menr reports- - Considering management's sncenlives and oP]x)rt￿lieS for frauduleni manipulation of the financial stat¢ments; A55e55in¥ sigTrifi¢ani accounting ¢silmai(￿ for bi&s- and Auditing the risk of ttlanagemeni ovmide of conlTols. including through testing journal entries and oth¢r adjustments for appropriateness, and cvaluattn8 the business rationale of signbficant trJnsarlions outsid¢ th¢ nortnal CtsUTse of bu5ines5. Identi in and res ndin to nsks of material misstatemcni due io non-com liance with law5 and re lations We considered the eKtenl to whjch non4ompliance might have a maierial effect on Ihe financsal slalements. We also considered those laws and regu12tions that have a direct irnpaci on the fina￿la1 ststemet)rs such as the Companies Act 21M)6 and the Charities Statement of R¢¢ommended Practiee ISORPs} FRS 102. The charitsble cotnpaThy is subjeci to13ws aild regulaiions that direcily affeci the financial ststements including financial reporting legislation and we asso%sed the exteni of compliaThce with these law5 and regulaljons 3s part of our procedures on the rela￿d fjnancial slaietnenls itetns. We commun2caied ideniified laws and regulations throughoul team and remained alert w any Indicatio￿ of non-compliance throughout the audit. Our procedures included.. - Discussion with those in charge with nthnagemenl, 2nd from itwection of the enl￿ty'S regulatory and legal ¢otTrspondcnce. - Discussiot] with those charged wtth management the w)licies and Pn￿edureS reg2rding compliance wirh laws and regulations,. - Reviewing financial statement disclosures and iesting io supponing documentsiion io assess cornpliance with applicable laws and regulations,. and - Enquiry of rnanagemenl, those charged with governance around actual and polential litigation and claims. Page 8 Report of the Independent Auditors to the Membtrs •f London Chrisii#n School Ltd Thcre are ill￿rent limiraiions in the audit pr(KedutES de5cribai above. We are I￿ likely to kcome aware of iiistances of non-compliance wkih laws and regulations that are not closely ielaioj io evellts and transactions reflecteé in the financial stst¢ments. A150, the risk of not d¢tecting a mat¢rial misstatcmcnt due to ftaud is higlKr than lh¢ risk of noi deieciing vne rebuliiTrg from error, a5 fTaud rnay iTrYolve deliberate conceaim¢nt by, for example. foT¥ery 01 inientional rnisiepr¢s¢nthiions. or through collusion. We are not responsible for preventing noThv¢ompliance or a￿1 cann(M be ex￿￿{ w dereci noncompliance with all laws and regulations A further description of our responstbilities for the audit of the fllwlcial sfatements is lo¢ated on the Financial Reporting Council's website ai wwryv.fr¢.org.uklaudittsrsresponstbilitie5. This description fomis pan of oui Report of the Indcpcndent Auditors. Use of our report lis rewirt is rnade solely to the ¢han"table Compan￿$ meIn￿[s, as a W, in accordance with Chapter 3 of Part 16 of the Cotnpanies Aci 2006. Our audit work h&s been undertaken so thai we might state lo the charitable company's members those mattels wc are reqllired to .%tatc to rhcm in an audiioTS' ietK)rt and for TH) other purtK)se. To the fullesi exieni pemiilted by law, we do not a¢¢ept or assume responsibility to anyone other ihan the charithble company and the ¢haritsble co￿Vany,5 inembers as a body. for our audit work, for this rew)r¢ or for the opinions we have forn￿d. Gareih Owen Hugh ¢ FCA (Senior Sta￿10ry Auditor) for and on b¢half of Garside and Co. LimiiLxI Suite 631, Lilltn Hall Londotl WIB5TG Date.. Page 9 London Christisn School Ltd Staternent of Financial Activities for the Year Fnded 31 August ZOZJ 31.8_22 Total funds Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donaiions and grants 74.758 66,815 Charitable a¢tivitié$ Proviston of education .366.117 1,287,230 Othcr income 2.864 2,361 Total 1,443.739 1,356,406 EXPENDITURE ON Charitable *ctiTrities Provisjon uf cduca¢ion 1,338,124 1,236,788 NET INCOLIIE 105,615 119,618 RECONCILIATJON OF FUNDS Total ￿ndS biou¥ht forward 148.989 29.371 TOTAL FiJNDS CARRIED FORWARD 254,604 148,989 The notes fom) part of these final￿la1 statrments Page 10 London Christian School Ltd (Registered number: 06288947) Balance Sheet 31 August 2023 31.8.23 Unrestricted fi￿d 31.8.22 Total runds Nores FIXED ASSE"rs Tangible assets 24,745 13.912 CURRENT ASSETS Debiors Cdsh ai bank and in hand 12 16.640 773,515 6,914 614,981 790.155 621,895 CREDITORS Amounts falling due within one year 13 {560,296) (486,818) NET CURRENT ASSETS 229,859 135,077 TOTAL ASSETS LE&S CURREP¥T LIABILITIES 254.604 148,989 NET ASSETS 254.604 148,989 FUNDS Unrestricted funds 14 254,6(Jl 148.989 TOTAL FUNDS 254.604 48,989 The finan¢i31 statements weTe approved by the Board of Trustee5 and authorised for issue on shgned on its behalf by.. 29.05 2024 and were C D FiShI￿k- Tnjstee G K Y Huan8- Ttusl¢e The notes forni part of these fmanciai statements Pagell London Christi#n School Ltd Cash Flow Statemcnf for the I'e#r Ended 31 AuEllSt 2023 31.8.23 31.8.22 Cash flows from optr*tlng act[￿tte$ Cash generated froTn opeTatiOllS 173.858 232,269 Net cash provided by operating activiiies 173.858 232.269 Ca$h Ilow$ from investing aetivities Purchase of tangible fixed assets {15,324) {16.803) Net cash used in inv¢5ting activities (15.324) {16.803) Change in cash and eash equlYAlenlS 111 the reportinR period Cash anil cash equivalents at the beginning of Iht reporting period 158.534 215.466 614.981 399,515 C#$h aTrd rash equiva]ents at tbe end of the reporting period 773.515 614.98 The lloies forni t•rt of these financial Matrments Page 12 London Christian School Ltd Notes to the Casb Flow staterne￿t for the Year Ended 31 Augus12023 RECONCILIATION OF NET INCOME TO NET CASH FLOW Tr"KOM OPLRAI"ING ACI'IVI I'IES 31.¥.23 31.8.22 Net iThcome for ihe reportlne perlod (as per the St#temeTrt of Fin•n¢i*l Activities) Adjusimenis for: D¢preciaiion chargcs {In¢reaseVdecrease in debtors Incre￿ in crcdilots 105.615 119,618 4,490 19.726) 73,479 7,750 4.499 100.402 Net cash provided by op¢rations 173.858 232.269 ANALYSIS OF CHANCLS Ir4 NET FufiDS Ai 1.9.22 C¥h flow Ai 31.8.23 Net cash Cash ai bank aTHI in hand 614.981 I S8,534 773,515 614,981 158.534 773,515 Total 614.981 158.534 773.515 The noies fonn part ofthese ststemenls Page 13 Lgndon Christian School Ltd Notes tts the Fingncigl Stgtement5 for the Year Ended 31 August 2023 ACCOUNTING POLICIES Basis of prep9ring Iht financial *tatements The financial staiemenls of the chariiable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP (FRS 102} 'Ac¢ounting and Reporting by Chariti¢s'. Statement of Rccommended Praciicc applicable ro charitics preparing iheir accounts in accordance wilh the Financial Reponing Standard applicable in Ihe UK and Rcpublic of Ircland IFRS 102) {effcciive l January 2019),. Financial Reporting Stsndard 102 'Th¢ Fitmncial Reporting Standard applicabl¢ in the UK and Republic of Ireland, and the Companies Act 2006. The firtan¢ial 5tatemetJt5 have been prepared under the historical cost CODventio London ChTiSlian S¢h(K)l Ltd meets ihe definblion of a public benefit entity und¢r FRS 102. Assets and liabilitk¢s ar¢ initially recognised at historical cost or trarL4Ction value unless othetwis¢ staled in the Televant ￿￿OUntIng policy. Thc financial statcments arc prepared in pound sterling {£). which is the fvn¢tionAI ¢urren¢y tsf the charitable Company. Moneiary amounts in th¢s¢ finan¢ial siat¢m¢nts are rounded ￿ the neares1 £. L¢g#l $r#iu$ Th¢ ¢h¢iriiy is a company limited by guaraniee. The membets of the company are th¢ tNstees named on pa8e l - Reference and Adm2nistraiivL Details. In the eveni of the chariiablc ¢ompony being wound up. (he liability In re5p¢cI of ihe guaraniee is limited to £1 per member of th¢ chaTitsbl¢ Company. Going con¢crn Thc Iruslees uss¢ss whdh¢r th¢ of th¢ going concem basis ib approptiate. namcly wl?¢th¢r there are any mal¢rial unc¢nainiies rclalcd to ¢v¢ni$ or ¢ondilitsns thai may casi signkficani doubi on ih¢ abiliiy of die charilablc con)pany to continue a5 a going concern for the foreseeabl¢ fvtUTe. The tsustees make this assessment in respect of a period of llt Icost twelve months from the dale of aUthori￿lon for issue of Ihesc financial sta￿ments. Having consider¢d ihc chariiable company's forecasis, projection5. and cash rc5erves. atKI taking inio accouni reas¢)nable tluclualion5 in pupil numbers and expccled demand for iis cducational s¢rvic¢s. th¢ inLsiees consider thai ihe charitable company has adequate resources lo coniiiiue in opentional ¢xist¢iK¢ foT (he foreseeoble fuiure ￿}d there are no mat¢rial uncertainlics aboui the ability to onlinue 3$ a going concern. Accordingly, Ihey coniinue io adopi Ihe g¥oing eoncern basis of 8ccouniing in preparing these financial staiemenis. Crlll¢#l #ecnuntlng A￿d#ementS key Jourt¢5 of estlmatlon unccrt¥Jlnty Eslimaies and jud&>emenis are coniinually evaluaied and ar¢ bJs¢d on hisiorical experien¢¢ and other factors. including expeclolion% of futur¢ ¢v¢nt% IhaE b¢li¢vcd To bc Tcasonable under ihe CirCu￿￿tanc£s. it al acc uni assum tioThs'. Tl)e ¢h4Trrilling discounts were made available dun.ng the year under review. PaEe21 London Chri$tian School Ltd Detailed.StAtement of Fiffixnci*l Activities for the Veir Ended 31 August 2023 31_8.23 INCOME AND ENDOWMENTS Donations and grallls Donaiion5 and gifts fjrants 3,840 70.918 1,297 65,518 74,758 66,815 Charitable •ctivities Fces receivable Bursaries 1.394.694 (28.5771 1.330.892 (43.662) 1.366,117 1.287,230 Other income Miscellaneous iucome 2.864 2,361 Total intoming resources 1,443,739 1,356,406 EXPENDITURE Charitable actI￿tieS Wages incl s￿1&1 security Pensions Raieg Insurance Utilities ¢osts Telephone Printing, postage and stsiionery Advertising cos Sundry expenses Hire of premises Membership fees Classrooin reSOUTces attd books Tr2Ining tourses Repairs and Eenewa]s Professional fees Computer 2nd IT expenses Clcaning Renial Charges Bad debts written off Extracurricular activiiies Other staff costs Contract staff Dcprcciation- Fixtures & fittings Carried fotivard 881,935 33,939 11,798 6.885 9.567 8.343 12,281 10,379 12,22S 13,474 10,467 22,060 11,041 14,458 J.148 17,486 16,983 141.835 4.959 11,796 3,544 62.565 1.935 1,323,103 787,522 29,262 9,416 5,346 11,080 8,701 11,496 1,284 1,264 14,306 13,518 15,383 11.546 56,659 10,899 13.275 16,790 135,081 9,949 5,493 47,641 2,179 1.218,090 Th"Is page does noi fom) part ofthe stAttttory financial statements Page 22 Londoll ChristiaTh Sebool Lid Detailed Statement of FI￿ancial ActiTrities fnr the Year Ended 31 Augllsi 2fr23 31.8.23 31.8.22 Charitabl¢ aCti￿tieS Bivu¥hi lorwatd Depreciation- Compuier equipment 1.323,103 2.555 12IS.090 5,571 1.325,658 1,223,661 Support C05t$ Finance Bank ¢h2rges 822 1.487 GovernAThce costs Audiiors, remunerdtion Payroll proc¢5sing f¢¢5 8.400 3,244 8.40 3240 11,644 11,&io Totsl resources expended 1,338.124 1,236,788 Net I￿¢0￿¢ 105,615 119,618 This page does not form part of the stawiory flljancial siatements Page 23