RECISTERED COMP_4NI- NI.'I1BF.R: 062%8947 {F.ngland and W21esl REGISTERED CHARITI. NUMBER: 11.13092 Report of the Trustees sfftl ditcd Financial Statemcttts ror the Year Ended 31 Allgthsl 2025 for London ChTiStian School Ltd (A CofflpaN) Lifflited b) Guarnntte) Gatside and Co. Limited Chafflered Act(￿nIan19 & Siaiutory Audiior Slliit 631. LI￿1) Hdll 162-168 Reiweni Street Londo WIBSTG London Christian School Ltd CDnlertts of the Fin2rtcial Stattmertts for thc Ycar End¢d 31 August 2025 Page Reference and Administratii'e Dtt*ils Report of the Trustee5 Report of the Independent Auditors Statement of Financial ACti￿tte5 Balance Sheel 10 Cash Flow Statement P4ote5 to the Cash Flow Statement 12 Notes to the Financi•l Statements 13 to 21 London Christian School Ltd Rcfercnet and Admini$trativt Detxi for the Year Ended 31 August ?025 TRUSTF.F.S C D F15hlock J AMI￿{￿U￿ N Collert-Whii¢ C J Hoare A J IILCalli%¢cr Iic%i¥ncd £7.1.20251 T C 11 Wnghi G K Y Iluang M J Burden J D C Nlonro r. H Price lapwinted 23.6.20251 COMPANY SECRETARY C E Ellse REGISTERED OFFICE 40 Tab3￿ Strcct London SEI 4JU REGISTERED CONIPANV *ufiiBER 1kn2¥11947 [En￿and and Wdlcs) REGISTERED CHARITY p4ll￿1BER 113369: SENIOR STATUTURY ALIDITOR Gardh Owen Hughes Bsc AC.A AUDITORS GatNidc and Co. LiTnltcd Chanered Jlccouttthnts & 5rawiory Audiior Suiii 631, Lincn Hall 16?_168 Regent Stre London WIB 5TCJ SOI.ICITORS Moore Bailow LLP Gatcwav Housc Tollgate Chandler's Ford Easileigh. Hampthite SI)£3 3TCI BANKF.RS Reliance Bank Faith Hougc 23.?4 LoN'ai Lane London EC3R SEB Page I London Christian School Ltd (Registertd rtumbtr. 116288947) Rcport ol. the Trustccs for the Year Ended 31 August ?025 The Thslccs who arl also dirLclor5 of IhL chariiy for thc Pu￿￿￿5<￿ of Companics Acl £lKJ6, prcscnl thcir rLporl with Ihc fLnancial 5talenienls of the rharil! toi the vear endtd 31 Au¥ust ?O?i. The trusl¢¢s haN'e adopted Ihe PlOVlSlDll.S Ot- Accountin&7 Reporting by Charitie5.' Sialemenl of Reconunet)d¢d Praciict appli¥abl¢ io chariue5 prepaTing iheir accounts iii accordance wilh Ihe Financial RLPUrtin¥ Sidiiddrd dppIiLdblL Ill thL UK dt￿ RLpublic of IrLldnd IFRS 10?) Icftcitivc l J￿lldry 2019I_ OBJEC.TIVES.4ND ACTIVITIES Obje£ti%'es and aims Londthn Lhri%iidn 5L.hL￿I Lld ILgi%tLILd ds J Lh￿1￿ ILhatilY NumbtT_" I1336Y21 in J￿￿ary 201U_ I'hL LhktrildblL Lumpdny was established to provide excelleni Christian education for the ch..Idren of London. Public benefit The Iruslees have CODsidered ihe Charily Coinmission's guidance on public benefil anl in particular. the specifie ¥uid2nc£ in relation to chariiies tar the advancement ot educaiion, and are £ariified that the activitte% of London Christian Scliool Ltd fall withiii that guidance, including the provision of butsaries 10 covei hardshIp. ACHIEVEMENTS AIYD PERFOR[￿L￿NCE Charit#bli aetiviti¢5 London Chri51ian School was esiablished in 21x17 wilh the a]tn of providing an excellent Chnstian education for children in central Lundun. In ScptLtnbci 1009. thL %Lh(x)l rnuvcd intu PLTtnaTrcnt prLtni%¥% TiibdTd Str¢¢l in Buruugh Wi Lontinu¢ iv bLn¢fil frvin the spacious, purpose-dtsigned and well-maintained building. We have been able to piovide ￿try high quality ducation at a ftt level below the majoiity of indepeadeTrt schools in London. C.l)ildrell from all ba¢kwunds allend the i¢hool, with ihe majority living M'ithin a Th'o mile rddius of the schwl. During ihe 2044_25 ye￿, pruvidLd bUT￿riCS for tcn ihildrcn, r￿ging troEn l(fiib- IIKYAQ reduLiion of fccs. We wtlcomed an addilional sixleen children ints) Early Recepiion and ReLeplion in Sepiember •024. We have seen Ihe children thriving) ￿ca￿c￿1Cal1y, and %howinL> hcalih). N)cial and cmotio..￿l pro&vrcs This yLar %Jw an inLreas¢ in inLomL from our Lharitsble aLtivitio* in thc forn) of %Lhool fLcs. FINANCI.4L REVIEW Financial positlOD Thc Finun¢ia] Sthtcml￿1s LOVLr all thc activitiLS of thL Charitablc company and havL bccn prLparcd lin a¢¢rual basis. Our lotal Incoming resouries were £1.599.643 12024-. £1.512.05?l. derived mainly from school fees, granl income and small donation4 rcccivcd durin¥ thc ycar. This yLar saw at) incrcasL in inLomc from Dur chariLqblc acii%iiiiS in forni of school ILCS, We atso continued to rcLcivL a hcaliliy amount ot incorne frorn After School Clubs and extra-curriculai aclivities. Wc rcccivcd d support grdnl UK Chii4tian Schools Ltd c)f £56.414 120?4= £11?.440) to u%cd priTnarily fDr building mainten&nee cosis and the funding of one ￿11 bursary. place. Expenditure on charitable activiii&s amounted io £1.620.072 12024.. £1:501.509 1 including Suptwrt costs of £12,46212024.. £12.738 For The year ertded 31 August 2025 The chantsble company retwned a net defi¢ii of £20.429 {2024=£10,534 nei surplus). Tlie Irusteeq are satistied wilh the tinancial position ot the charitable COTnpany ￿T￿ confirni that they have adequate a5s¢is available to luifil Ih¥ir obli¥diions Page 2 London Christian School Ltd (Registertd rtumbtr. 116288947) Rcport ol. the Trustccs for the Year Ended 31 August ?025 FINANCIAL REVIEW Rp5erTr'es policy Thc IIubtcr% IcTtn alTr] Is to l￿tUb1J￿h TcscrvL￿ at u ILvcl which cclualL￿ tv npproximulcly ihrcc tnvnthl vf unru¥tllLILd LhuntublL expenditure. The trusiees consider this to be a prudent approach 10 proi'ide sufficieni funds to respond 10 the running of ihe school and cnsurL Ihai IhL SLLPWIrt and govLmancc iosts arc COVLrcd. Thc balancc for u1￿CstrIc1ed funds al 31 Augusi 2025 was L244,718 (2024.. £265,147). Golng ¢on¢crn The Irustets considtr there are no [t￿terial uncerthinLies aboul the charitable company's ability Io ionlinue as a going concein. Tlie rLvicw uf thc linanci411 position, IcscTr'c Icvcls und futiirc plAtLS gii.cs ttuslccs confidcncc tlic Lharitsblc cuinpuii}' ILmains d ¥Oln¥ concern for the foreseeable futur¢_ Further derabls regardbng ihe adoption olthe going cotKem basis can be found in the Noies io Ihe Financial Siatements- ALL0L￿1]n.£ Policies. FUTURE PLANS September 20?4 1)rought tlie sthrT of our sei'¢nieenih year at Lond()n Christian S¢hwl. Il'.e are delighted that the 2cquisiiion by UK Cl)rislian SchiKils Ltd of the next door building at _)0-3? Tabard Srrert has allow'ed us to enhanct the school facilities oi'er the last yedr. In PdrtiLuldT, thc sutnmcr UF ?024 sa￿. rcnuvdtion ￿"￿ik in the bdtsL'lllCnt and ¥round fl()ur of 30 Tabard Sticet. joinin¥ it tv oiir existing School buildinn and creating additional hall space and a kilchffl all0￿]ng u5 to offer hoi lunches frotn Scplernbtr 2024. The building ai 40 Tabard Strcei coJ)tinu¢s LO b¢ r¢r￿sh¢d and lOg￿lher WiLb ih¢ nexi do(Ir building mttLS our n¢ds well at pres¢nl and ab we loak io the fvture. ThL Lhildrln arc sprcad vyer cight uch a5 Mandann, Larin, cliess. t¢n¢ing, ballei and insirumenial. This leitl of slaifing enables US to n￿InIa￿ our excell¢nL 51aif io studenl ral)o, as well as providing wcILomr inlcrnal buftcr of L￿vcr IOT sldil. trainin¥ or%irkncKN. Wc continuL lo rccLiVC cn4uirics from prospcctivc parcnts havi a vcrv gim￿ rcputation in thc local arLa. Our most cffLctivc means ol. adi'ert15illg has been word-ot-mouth wilh sat15fied parents and children promoting the Sch￿1. We conlinue lo be well-subscribed for the younger years In the school: Lndeed. Ihe acqiisilion of 31k32 Tabard Sireet proN'ides opportuni¢ies for a modc%t cxpan%iun in pupil nurnbcr% which we intejid to capitalisc on thmu4h cnhanccd local and onlini markcting. STRUCTURE. COVERTr4.4NCE AND mANAGE￿]ENT Goitrning document Thc chdfiiy ib d Lompdny litnitcd by gudrdnicc, as dcfjncd by thc Cotnpdnic4 Act 2(K)6, dnd govcrned by it% Mcmordndum and Arti¢l¢s of A5s0¢1ation. Charltv Cons￿¢￿tIO London Christian sch￿1[ Ltd is a company limiicd by guardlltL"L and a rigistcrcd clmrity. ReLJisiered collipany llumber 06288947 IEn¥land and IVale51 Re¥isier¢d Lhdllly number 1133092 Page 3 London Christian School Ltd (Registertd rtumbtr. 116288947) Rcport ol. the Trustccs for the Year Ended 31 August ?025 STRUCTURE. COVERN.4NCE AND mANAGE￿]ENT RPCruit￿ellt and appoInt￿ellt of tru5tee5 Thc Buaid htLb thL wwcr ul uny IITnC to app4>int. by vtdlt￿ry ￿￿lUtiOn u¥icc41 by u simplc rnajurily, tjny PLTsun ursun1￿￿tJVll wh is willing to b¢ a Board member, eirher 10 lill a Casual vacanc} or as Jn Jddition to ihe existing members. Mewnber%hip 1% open to other individuals ororgani5ations who". - apply 10 London Chrisiian School in ihe fom) Teqiijred b). lh¢ Boar dfL appfovLd by IhL El￿d. dnd testih" in w"riiiiig their unqualified adherence to the Doctrinal Statement as set ollt previously in the niemorandllm of association. The number of trusl¢o% shall be noi than Ihree blli unle&s otherwise deterniiml by ordinary resDlution. shall not b¢ subject lo any maximum. Inductlon and traininR of nem. trustees The irnstets keep themselves llp to date w ith charli¥ law and regulaLions perthining lo Ihe tducalional secior, so Ihal they can bring an iiiformed eye to their WOTk. The Irustee5 eTL4ure that ihe company benefit5 frotn high-quality investment and legal advicc. Org#ni$ationxl stru¢ture The Irustees, who ar¢ also the direciors for the purpose of company law. and who served during the vear were.. C D Fishlock J Arnmoun N Collctt-whitc C J Hoare A J MLQalli%tLr {rcsigned 27.1.251 TCWWright Mlwesl CrKYIIudn¥ M J 14urdeii JDCMonro E H Price (appointed 23.6.251 Thc B0￿rd con%i%t% ot cllrrcnt and p&%t par￿n1￿. %taff rncmbcrs and cxtLYnal indiKidudl%, dll with a Pds%ion for scckin¥ to dcvclop our school. They nieet each half terni lo dJ5CILSS the sch￿1 action plan and 10 moniloT Safeguardi￿g, finaDce5 and implernentation of poIILl¢S. Our trusiL¢S ar¢ kivn to bc InN'ol￿.ed in s¢h(y)I lil¢ Ihn)ugh visils, ass¥inbli¢s and ¢VLnts. Risk management The tru5tee5 have a dury io identify and review tk risks io which the chaTilable company 15 exposed and to ell5ure appropriate conirols are iii place io provide reasonable assurance againsi fraud and error. Iniem¥l svsiems and procedures are in place to conth>l all finanLidl rran%aLtion% and cnsiirc thc chariiablc coinpdny'% aetivitjcs Lomply with all dpplicabli fi¥ulationli. Related p#rtitS Details of relaied paffies, where ihe ffiistees have restrt)nsibility for oiher charities which have dealings with London Chrisiian School Ltd, arL SLt out in thL notLs to thL aLLOiLnts. wherc applicable. TRUSTEES, RESPOISSIBILITI, STATEMENT Tli¢ IIu5te¢5 Iwhu dr¢ ilsu the dii¢Llt)r% uf London Christian School Ltd for the PUT￿$ of company lawl are ￿spOnSible for preparing the Repori of Lhe Trusiees and ihe financial slattmtnis in accordance M'iih applicable law and Uniled Kingdom Accolmling Standards (Unilcd Kin¥dom Gcncrally Acccptcd Accountin¥ Practiccl. Page 4 London Christian School Ltd (Registertd rtumbtr. 116288947) Rcport ol. the Trustccs for the Year Ended 31 August ?025 TRUSTEES, REsPO￿S]BILlTy STATEMEYT- continlled c.ompany law Tequire5 the Irusiees to prtpare financial sialeTrrnts for tach financial year. Under Ihai law, the Irustee5 have elecled to prcparc th¢ fjnancial slaicmlnis in I￿￿0rd￿niC WAih Uniw.d Kingdom Gcncrally Acc¢p￿d A¢¢ounlin8 Practl¢L IUnil¢d Kingdoi Accountin&> Standards and applicable lawl. Undlr rvtnpally luw thc tni%tccs mu¥t nvt ¢ippruvc thc finiincial %taICm￿t_% unlcKE thcv atc %ati%ficd ih4t thcy givc a ttuc oind fdll VILW of the state of affairs of the chariLgble ¢ompani' and of the incaming res)urces alxi appli¢aiion of r¢sources. including Ihe income and expendilllre, ol the chanlablt Lompany lor thai peri(xl_ In pre￿￿ng those Imaneial stalernenls. the tnjstets are required to select suitable ac¢ouniing policies and ihen applv ihem Lonsis￿n11y- obsLrvL ihi mcthuds llnd prinLiplcs in t￿. Charitics SURP- make judEernent5 and estirnale5 lhal are reasonable and pwdeDt- prepare Ihe financial siatemenis on the going coTKern basi5 unless il is inappropri*e 10 presume thai the ihariiable coinp&ny will ¢￿tinUe iti The trustccs aTL fLsponsiblL for kleping prop¢r arLDunting rc¢ords Vghi-h dis¢10Si wilh rcasonablc #eLuracy at any tirnc thc finJn¢ial position of the chaniable compally and io enable ihtrn io ensure ihai the tinaneial 5th1ements comply wilh the Companies Act 2006. Thty are also responsible for saftguarding the aknets of lh¢ Lharitable company and Iitn¢¢ for iaking reasonable sleps for the prcvcntion and dctcction ot fraud and othcr irrc8ulariiics. In bo far as thL Irustccs arL aw2rc'. Iliere is ￿le￿an[ audil infonnaiion ofwhich ihe ihariiable compan} s audilors are unaware.. alld thc truslEC% hdvc all stEP% thdt Ihcj" ou¥hi tD ha￿C takcn tu makc ihcm%clvc* awarc of rtltvdnt audit infotmatjon t esiablish thai the aud110rs 8re aivare of thai infomiaiion. AUDII"ORS Thc auditorb, (iar¥idi & Co. Limited, will bc proposed for rc-apwintmenr at thL (orth¢oming Annual Gen and arvli¢ation of resource%. includino lis income and expenditsre. for the year tlien ended: ha￿'c been properly prepared in accordance ￿'1th Llliitd Kir.gdom Generdlli Aicepled Accounting Ilrdctice., and haN'L bctn WLparcd in accvidaDLC Wlth ihi IL4Uilimcnts of th¥ Comp4llliCS Act"IXI6. Basis for opinioo '¢ conducted OUT audit in accoTdance with Inlemational Standards on Audiling IUKI {ISA5 IUKI) and applicable law. Our responsibililies under ih05e siandardi are further described in Ihe Audilots. re5pon5ibililies for Ihe audii of Ihe financial siateTnents %ection of our report_ Il'e are independent ot the ¢harit2ble c4)mpani ill a¢¢ordance with the ethical requireinetJLs that dre relevant tLI our audit of the financial 5taien]ents in the LIL Ulcluding the Tr"RC's Eihical Siandard. and we have fulfilled oiir other eihical rLsponbibilitlCb in acLorddllLC Iwiih thc%c rcquLiet￿lll$. bcli¥vL thai th¥ audit cvidLn¢c wc havl olAaincd is sutTILiLni and appropriate io provide a basis for OUT opinion. Conclusions relating to going conter In audiling th= financial staiemenlb, we have ¢on¢luded ihai ihe trusiees. use of the going Loncem basib of acLoLmiing in the prcpdrdtion of the t1￿cIal 4tstcmcntS 1% dppropriatc_ Basid on thc work wc havL pcrformcd, N'c havL Thot idintificd any matLri&l IlllCLrLainiics rilaiin4 lo cvcnts or Londitlolls rhut, Individually OT collectively. may iasi signiliranl doubt on th¢ chantsble COTnpanv's ability io ¢onlinuE 3s a going ¢ort¢Ern for a EKriod ofai leasl Iwelve months from wlien the financial sLatrmenis art authoristd for issue_ OUT Tesponsibilitics alld the responsibilities of the trustees with respeci to going concern are described in the relevani sections of this rL'POrt. Otber Tlie Irustees are responsible for the otheT information. The otheT inftsrniaiitrn comprises the infom13tion included in the Annual Report, oil)¢r than il)e finanlial siatements Jnd our ReFx)rt of the Indel￿den¢ Audiiorg thereon. OUT opinion on the financial stateTllent5 doe5 Ttol coyer the oiher information aT¥J. except lo the extent otheTwise txpliciily Staled i our rLport, w¢ dts not Lxpr¢ss any form tst &S>uranci conclusi￿ Ih¢r¢on. In connection wilh our audit of the financial staternenls. our res￿nsIbilitY is Lo read the other informalion and, in doing so. consider whcthcr Ihc othrr intiTriwndtioll is matfTiiencies or appareni matenal missiaiements, ￿e are rLquirLd to dLtcrminc whcthcr thi5 ¥i%'cs fibc to a malcr￿[ mi5Staicmcnt in thc fjnaniial 5ts1crnenls thcmscll'cs. If, bascd on thc work we have perforined, we conclude that there 15 a maierial tnisststeTlleni of this oiher infornjation. we are required to report that fact. We have noiliing io report in ihis regard. OpiDions on other mallers prescribed by the Companies..ict 2006 In Our upinion, ba4cd thc w'uik iindLrtdkEll In thc Coll￿ ot thc aiLdit". the informaiiort given in the Report of the Trnsiees for the finanual year for which the financial statements are prepared Is Lonsistcnt wilh thc financial statLmcnts' and the Report of tht Trustees has been prepared in accordance wilh applicable le¥al rquiremeTJts. Page 6 Rtport of tht Independtnt Auditors lo the iblttnbtrs of London Christian School Ltd Matters on whieh arc required tts r¢port b). cxteption In the lighi of the knowledge Jlld understanding of the chanthble cornpany and lis environmeni obts1ned in the ¢ours¢ of the audit, we have nol idcnlifiLxi ]nalcrial tnisslatLmcnis' in thc Rcpori of ihL TruslCCS. We have noihing lo re￿rt in respeci ofihe following mallers where ibe Companie5 Aci 2(M16 r¢quire5 US to report lo you if, in our upiniun. adequate accounting records have not beev) kept retUTns adequak for our a￿lIt have ￿0t beell received frorn branches not visited by us: or the tinancial 5taiem¢nts are noi in a¥)reement with the aceounting records and returns., or eertain thsclosurts oltrustees, rtrnuntraiion speii".Itd by law are not made: or WL havc not rLcLivcd all thc intuimation dnd Lxplandtions w'c rcquiic foi oiii audil- or Ihe trustees were noi eniiiled io tske ad￿anthge of the small ¢ompanies exemption from the Tequiremeni 10 prepare a StraieLry¢ Repori or in prepaTing Ihe Rep)rl ofihe Tru51ees. Responsibilities of trustees As explained iiiDre lully In the Trnslets. Re%y)rtsibiliii¢% Sidiemeni. the tnL%tee% (who are also the dire¢tots of the Ch￿tsbIe Company for the puwosts of company lawl are responsible f[￿ tht prerAralion of the flnancial stsiemenls and for being satisfjed thai thev give a IruL and tair VILW. tol such internal Lontrvl thL IrustCLS ¢JclcTmine LS IJLCCSSary to LniiblL thL prcparution of finanLial sts¢ements that are free trom marerial missiatemeni, wheiher due 10 tra￿A or error. In pLparin¥ ihc financial statcmcnts.. thc trustco% arc rcspon4ible for charitablc comtwiv'% ability to coiitinuc &% a goi118 Clincem, disclosing. as applicable, mairers telaied io going concern and using ihe going concern basis of accounting unless the trustLXS Liihcr inicnd to liqllidatc thL charitablL Company or 10 cca5c opcfdtions. or havc tio rcalisiic altcrnatlVL bllt to dv so. Page 7 Rtport of tht Independtnt Auditors lo the iblttnbtrs of London Christian School Ltd Our responsibilities for the #udit of the financial $tatcmcnts Our obje¢tivei are 10 obrain reasonable assurdnce about ￿'he1her the fJnan¢ial siaiements as a whole are free from material missiaiLmLlll. whcihcr duL lo fraud or C￿Or. and io issuc a Rwrt of thL" 1nd¢￿￿dCnl Audilors ihal includL* our OPilllOlI. Rcasonablc assurance is a hibFh level ol'&ssurance. bul is nt)t a guarant¢¢ thal an 3uth"I candurled in accordance ￿"1th TSAS {UKI will always det¢ct a inaitrial mi5blatem¢nt when li tAist5. Mii51aietnen¢s can arise from fraud or error and are consid¢red material if. individually or in thL dggrL¥diL, IhLy Lould rLdstsnably bL LXPLLILd tL? illflucnL￿ thc CLontsniic dcti%ions of tilkin un thL b>Jsis tsf thLSL financial stateThents. The exient to which our proc¢dures are ¢a[￿ble ot detecting irre8ularitio%, includingTr frdud is detsiled below.. Thc ch￿￿ltabl¢ cvlnpany is subjcLt to laws and Tc¥ulalion% that diicLily aftcct thc financial stratcjncnts incI￿{ln¥ finwiLliil ieporting legislation and we assessed the exteni of complian¢e ￿1Th iho4e laws a￿1 regulations as pan of our procedures on the r¢laied financial slaiemenls ilem5. We ¢oinmuniLaied identifie£l laws and regulations Through￿1 ieam and remained alert io any indications of non WtTE aTvioved by the Board of TTUSite5 and auihonsed foT 155ue on I S May 2Q26 and were sign¢d on its behalf by.. C D Fi4hluLk- TnLStLL G K Y Huang- Trustee The notes forni part of these fuk￿ClaI siatements Page 10 London Christian School Ltd Cx$b Flow St#temtnt for the Year Ended 31 August ?025 31.8.25 31.8.24 Noics Casb tlows from operating *etivities Cash i)enernied from aperations Net cash (used in1lprov￿ed by operating a¢¢iviiies 132 9731 112.9731 552.818 552.818 Casb flows from investing aetii'ities Purchusc *)I'tsngiblc fixcd Inierest received NLt cash providcd by/lused in) invcsting aLtiviiics {2.1661 112.3421 12 3421 c.ha￿ge in cash And cA$h eqiii*alents in the reporting period Cash and cash equivalents It the b¢g1nDi￿g of the reporting period Cash and Cash equivalents at the end of ihe fL'purtin¥ PL'riud 1113,786) 540,47¢> 1.313.Wl 773,515 1.21K).!05 1,313,991 The notes forni part of these fuk￿ClaI siatements Page 11 London Christian School Ltd Notes to the Cash FloTrY Statcmtni for the Year Ended 31 August ?024 RECONCILlIlTION OFNET {E.XPEP4DITLREVINCOIIE TO PIET CASH FLOW FRO￿1 OPERATING ACTIVITIES 31.8.24 Nel {expenditureVin¢ome for the reporting period {a$ per the Stxtemtnt of Fillaneial.4ctivities) Adju5tment5 for: Dcprcciation Lhargi Inieresi re¢eitred InLrLasc in Si(￿kS IlncTea5el,'decrta8e in debtor5 Increase in crediiors Net cash (used inllprovided bv operatiOll5 (20.4291 10.543 7,504 (21.3£.11 14161 {221.4151 123 136 129731 0.587 15091 6.075 530.122 i52818 ANALYSIS OF CHANGES Ir4 r*ET FUt%DS At 1.9.24 Cash flow At 31.8.25 Lyet ¢ish C￿￿h at bank a￿1 in hand 1.313,991 13,7861 113.7861 1,200 205 1 ?00,20 1 2(MJ 205 Tot81 The notes forni part of these fuk￿ClaI siatements Page 12 London Christian School Ltd Notes to the Financial Statcmcnts for the Year Ended 31 August ?024 ACCOUtYTING POLICIES B3515 of prepaTing the fiDancial statements Thc finunLiul of IhL Chant￿bIl CVTtipunv, whiLh is a public iK-r]Lfit Lmlily undcT FRS 102. huvL bccn prLpaicLI in accordance wilh the Charities SORP IFRS IO") 'Ac¢ourtling and Reporting by Chariiies= Siaiemeni of Recomrnended PraciiLL applicablL to chariiiis prcparing their accounis in accordanci wilh thc Financial Rcponing Siandard applicable lll IhL UK and Republic of Jreland IFRS 10?) (¢tTecti￿C l January !n191', Financial Reporting Siandard IQ2 The Fin8ncial R¢poning Siandard applicable in Ihe UK and Republic of Ir¢land' and ihe Companies A¢i 2006. The financial sialemenis hAvL bLLn prLpdfLd undir thL his1()nL￿1 Lu%1 LunvLrttiun. London Chrisiian School Lid meets ihe definilion of a publi¥ benefii eniily under FRS 10? .4sseis attd liabilities are iniiially 0￿￿1$¢d at hi%iorical eost or iransaciioji value Unl￿ othenvis¢ ￿ated in the rele¥ani accouniiJi& policy. ThL fJiiunLial statLIllCtiti 1￿C prcpdrcd in wund stcrlin¥ ILI. .￿hiLh I￿ thL funLtional Lurtciicy of thc churitablc COmP4Lny. Monetrry amounts Jn ihese financial siaiemenis we rounded ¢0 Ihe neare* £. Legal 5tatss The Lhariiv is a Lompans limited by guarantee. The membets of ihe company are the irusiees named ot) page l Reference and Adtninislralive Details. In the event ol'the chantsble COTnpany being Woul￿ up. the liability in ￿¥peCt of th¢ guarant¢¢ 1.4 limited to Ll per m¢mb¢r gf th¢ ehiriiabl¢ compan).. Goin% con¢erD Thl trLl%t¢c% whcthcr th¢ usc Of thc going cunLCTn bas"iS i% apprL)pfi4tte. natncly whcthcr Ihcic are <￿Y tnutciidl un¢enainties related to ¢i'¢nts or iondiiiors thai ma}. cast signifi¢ani doubt on th¢ abilitv of rh¢ ¢harirable company to conlinue as a going ioncem for lh¢ foTe5eeable fuiure. The truslees inake this assessmenl in re5pecI of a period of ai leasi twclvc month% from Ihc datE Df aulh0n￿li￿n l-or i￿%￿c of IhThc linancidl %iatcnicnt%_ TId￿.1￿¥ con%idcrEd thc chdiilablt compan%'s forecasis, projectlons. and cash reserves. and taking into aciount reabonable flllctuaiions in pupd numbers and CXPLLILd dctnand for ils iduialional scn.lcL￿. thc irusiccs consider that thc charitsblc Lompany has adLquaiL rLsollfLLS to continue ill operational existence foi the foreseeable furure and there are Tn3rerial uncertaintie5 aboul the ability lo oniinue ab a going Loncern. Ac¢ordingly. they ¢oniinue io ath)pi the going con¢ern basis ofa¢tyounting in preparing ih¢s¢ financial %taicmcntK. Critieil aecountirtg judgtmtnts and k¢v stsure￿ of estimaiion uneert*inh' .siimaies and judgements are ¢oniinualli evaluared and are based on hi>iorical expenence and oiher factors, including cxpLi*atiOns of fuiurL L*Cllt5 thai arc IKliLvcd io IK" rLwnabli llndcr thL cjrcuInstanccs. Criii¥al accOL￿lIn esiimaieg and agsum lions". The chdriiablc coinpdny itiakts c%iiniaiC% and &￿￿uMptIOn% Lonccrning thc Thc rthuliing dCLounting csiillldtcs and assumptions will. by definiiion. 5eldoiM equal the related actual Tesults. The estimates and assllrnplioT15 that have a Significant ribk oi. iausing a matLrial adjiibtrncnt to th¢ Carrying amounts of assets an¢J Iiabilitics u'ithln the nixt finanLi&l yLar arc discus%ed in th¢ accounting poli¢iei above. Income recognition All income rebources are recognised in Ihe Sthiemeni of Financial Aciiviiies when Ihe ihariiable company becolneg legally cntitlcd to thi u%e of the rcwurcc%. dn inflow of ccommic bcnifil its pr(knblc dnd the monctary valuL can bc mc&%llrcd with suffi¢i¢nt r¢liabiliiv. In¢ome trom ch2riiable ¥tivities Comprises schiKJI fees which are reco￿1$¢d on a straighi line basis over the academic year (I Sepiember 10 31 AugusLI lo whiih ihev ￿la1£. Caih ¢ir¢ r¢Luk￿lS￿lI T¢L¢IPL OiheT dr¢ (ynLe lh¢ Lhdritsbl¢ ivmpany hdb been nviifitd ul thc donation, unl¢s9 pLrformanc¥ conditions rwuir¢ d¢fcrrnl of th¢ amounL Page 13 continued... London Christian School Ltd Notes to the Financial Statcmcnts- eontinued for the Year Ended 31 August ?025 ACCOUtYTING POLICIES- co•tinued Income recognilio Gtunt% foi ITlltncdialL finatLLiuI supporl &3bistanLL. or lo tCiTnbupiC C(Rbtb prcYiou%ly iniuircd, at¢ r¢cu¥niscd irntnLxiJutLIy. WhLrc donaiions and granls arL rcslricicd io fuiurc accolmlillg PLriods. thc). atc dcfcrrcd and rcLM)gniscd in ihosL fuiurc accOU￿ting period5. UthLI inLomL i% fLLugnLbLd in thL YLW It Is fLLLivdblL ts) thL LXtL-nt thi Lh￿l￿bIl company hdS pr(hvidLd thL or service5. All incom¢ is measured at the fair value of the consid¢rdtion received or receivable. net of any rebates OT dis¢ouni&, as applicable. Expenditure reeognltio LidbiliiiLS drc rLLU4IIISLd ts C.XPLThJitUfL d5 thifL IS d icgdl ur ionstrllLtive obligdtitsn Lummiiiing thi Lhdrity lu thdl expendiiuTe. il is probable that a transfer of economic benefi15 will be required in settleinenl and the amount of the obligation can be ineagured reliably. All txpendiiure is accounted for on an accruals basis and has been ela5sifJed undcr headings that aggregate all cost related IL) thc lut￿.0ry. Losts Lannol bc dirccily attributid to parricular hcadings thLy hal'c bcLn allucatLd to aLrii'itic% b&si con8i$ienr wilh Ihe use of resources. Charitablc activitics costs. arc co%t% incurrcd on thc charitablc compall￿5 cducaiional opcrdiions. iiicludins7 %UPPOrt cost4 and cost5 relating 10 Ihe gov¢man¢e of ¢he charitable companj. All re50urccs expended are inclusive ot irre￿Verab]e V AT. Operating Ipa5es Rental ¥harges paid under operJiing leases are charged ￿ ihe Siaiemeni of FinatKio1 Aciiyiiies on a styaiglii line basis over thc pcriod of thc Icasc. T#ngiblc fixed assets Tang1ble fixed assets are inilially mrasured ai costs and subsequenrly ￿aSured ai cosr or valuation, nei of depreciaiion and ally Pn)vision for impairmcni. Dcprcciation is rLcogniscd so as lo writi off rhi C05r or valuaiion ILs& cslimatcd rLsidual valucs ol'all fixed assets 0￿er th¢ir expecled useful live5. 11 i! Calculat￿ al Ihe folloH'ing rates= Fixrure%. Fitting% Equipmcnt Plani alld fvfachinerv i(r/o 51rdight linc bdSi8 2(P/o srraighi line basi5 Ally gain or loss arising on th¢ disposal of an asset is deiemiined as the ditTer¢n¢¢ beTh¥e¢ll the sal¢ PTo¢eeds and th¢ ¢aTrying value of the assei. and li is reeognised in nei incom&lexpendiiurel for ihe year. A review for impairnienr of a fixed asset is carried out ifevents or ¢haniTres in circumstances indicaie ihai ihe carrying value of any fixcd assit may not bL rccoi'crablc. Shonfalls thi carryino Kaluc orrjxcd asscis and thcir rLcovcrablc amDlJtIts ar¢ r￿0￿￿15¢d as iTnpairTTrent% Iwnp31Trnent lossefi 3re recoonisai In ihe St3tetneT)t of Financ131 Activiii¢5. The charilable coinwany is exempl from corporalion lax on its charithle 2cii*iLies. Page 14 continued... London Christian School Ltd Notes to the Financial Statcmcnts- eontinued for the Year Ended 31 August ?025 ACCOUtYTING POLICIES- co•tinued Fund actountimg Gcnciul funds unrcsliiilLJ funds whJLh utL UVULlablc fur UbL Ht Ihc disiictiun uf ihc in furthLrwiLC vf thL ¥cn¢rul objectiies of ihe charitable company and which hake not iw) designated for oiher purpose& Fi￿ancial instruTnents Thc charitJbl¢ iompanv tsnly has fi]w)¢ial &sL*lS and finan¢i¥l liabililics of a kind thai qualify as basic financial insirum¢nts. El&si¢ lin2ncial ITJStrnmenls are initially rttognised at transactitsn value and subsequenily measured at their settlement value. Debtor5 Trade and othei debtors are recognised ai the seiilemeni amouni aner any trdde th"scount otrered. Prepaymenis are valued ai thL dmount prLPdid llLt of dn) rrdde di%counrs duc. Li#bi]iti¢s Liabililies are recognised ￿,hell Ih¢re is an obligaiion ai the Balance sheei dale as a resuli ora pasi eleni, 11 is probable thai a IransfLI' of Lconomic bLfiLfii will bl" rLqULrid in sciilLmcnl. and ihc ainounl of the scLtlcmcni bc csLimaicd rcliably. Liabiliti¢s ar¢ recosniq¢d at the amount that th¢ charitable companv anti¢Jpates it will pav 19 q¢ttl¢ the d¢bt or the ainnutjt it has received as advanced pa￿llent8 for the good5 or service5 il musi prowde. Pen5ion5 Thc Lh£ttilablL compuny opcrws= Incoming Resources eXpe￿Ied Movement in fun Unrestricted funds CiLnLrdl lund 1.5YY,fy13 11.61(I,U721 121J.42YI TOTAL FUNDS 1.599.643 1 6?U 0721 20 4?YI Comparative5 for tnovement in fuDds Net ovenenl In fund. Al 31.8.24 At 1.9.23 Unrtstritted funds General fund 254.6(M 10.543 265,147 TOTAL FUNDS 10.543 265 147 Comparative nei movernent in funds, included in the above are as follows.. ncoming resources Resniirce expeTh4ed Moi'emenr in funds UAJrestrlcted funds Cjcncral fiirtd 1,512,052 I1.501,5(￿)I 10,543 TOTAL FUNDS 151.052 15015091 A LurrLnt yL￿ 12 munth% prioi yLar 12 months LumbinLd tx)&iliun is ￿ fulluwi. Nel moveTncnt in funds At 31.8.25 At 1.9.23 Unrestt4etod funds GLncral fund 254,604 19.8861 244,718 TOTAL FUNDS Page 20 continued... London Christian School Ltd Notes to the Financial Statcmcnts- eontinued for the Year Ended 31 August ?025 16. MOVEMENT IN FUNDS- continued A rurrenl year 12 monihs and pnor y￿1 12 ￿O￿thS coThbined net Tnovemtnl Jn fU￿dS, Included In the above aTr as follows". Incoming Resources eXpe￿Ied Movement in fun Unrestricted funds CiLnLrdl lund 3.111,6Y5 TOTAL FUNDS 3.111695 3 1?] 5811 17. RELATED PARTY DISCLOSURES London Chiisti&n Schoul Lid has a ￿latc￿ party Telaiionthip wilh UK Chtisti