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2025-08-31-accounts

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

Charity Registration No. 298326

Company Registration No. 02203226 (England and Wales)

ST. MARY'S HARE PARK SCHOOL

(A company limited by guarantee and not having a share capital)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees F. Jones B. Olofinjana K Schrod G D White (Appointed 1 September 2025) J F Daly (Appointed 10 February 2026) J Y C Liew (Appointed 18 March 2026) Charity number 298326 Company number 02203226 Principal address South Drive Gidea Park Romford Essex RM2 6HH Auditor TC Group 5th Floor 3 Dorset Rise London EC4Y 8EN

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

CONTENTS

Page
Trustees' report 1 - 7
Independent auditor's report 8 - 10
Statement of financial activities 11
Statement of financial position 12 - 13
Statement of cash flows 14
Notes to the financial statements 15 - 28

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

The trustees present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives, Activities and Performance

Background

This has been a year of profound challenge. Political change has seen the introduction of VAT on the fees charged to our school age pupil though to date impact has not been severe. Our school community has faced a number of deeply affecting tragedies involving parents, children, and staff alike. It is during such times that the true strength and spirit of our school community is revealed, and we have been continually heartened by the unity, compassion, and resilience shown by everyone involved.

Pupils

At the year end, we had 154 pupils on roll. Projected numbers of pupils for September 2025 144 and rising to 155 in January 2026.The school held 2 Open Mornings during this academic year, both of which were very well attended and attracted 6 firm applications as a result. Social media output has been increased using Instagram and Facebook platforms to make regular posts and reels which consistently have had several hundred views.

The school will invest in new systems, Applicaa for admissions and Bromcom for MIS and enquiries. Particularly with Aplicaa this will enable more efficient use of digital platforms and improve the application process for prospective parents.

Pupil attendance figures for the year have been:

Term 1 – 96.91%

Term 2 – 96.1%

Term 3 – 95.8%.

The national average target for attendance is 95%.

Parents of students who are persistently absent or late are given advice. The Children Missing in Education policy has been placed on the school website.

Secondary places:

Our Year 6 pupils have continued the school’s tradition of being very successful in being offered places to a range of distinguished schools.

11 pupils sat the 11+ CSSE exams with 9 of them passing. Half of the class have opted for Grammar or Independent Schools while the remaining pupils have chosen state schools (a significantly larger number than previous years and perhaps a result of VAT on fees).

One of our pupils was awarded the New Hall School All Rounder Scholarship. This is awarded to just one pupil each year - an outstanding achievement for which we are all very proud and is the second St Marys Hare Park pupil to be awarded this prize in successive years.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Pupil data

The data obtained from end of term and year tests show that the school is continuing to produce an excellent standard of academic achievement, reading and maths results show that our classes achieve above national standards. We always identify areas for progression and development for future years which form part of the school development plans. For example phonics was implemented in the early years classes through to Year 1. We are not satisfied to just meet national standards but strive for our pupils to exceed e.g. fewer pupils exceed at writing compared to reading and maths so we will maintain focus on writing and will assess across all year groups.

Pupil voice

There has been a conscious effort to build on last year's focus on promoting pupil voice in all areas of school life.

The children continue to be provided with opportunities to join a wide range of groups to help foster their leadership skills and help voice their thoughts, concerns and ideas.

Subject leaders have prioritised gathering pupil voice during their monitoring activities, in line with ISI’s current approach to evaluating learning. This method provides valuable insight into how children perceive their own progress and how learning is experienced in the day-to-day classroom environment.

These groups are made up of pupils from all ages in Primary and they have been responsible for leading change and a variety of events over the year, some of which have resulted in raising significant funds for charity (e.g. £3,000+ for St Francis Hospice).

Lamda

This year, LAMDA/Drama has continued to thrive across the school, with pupils growing in confidence, creativity, and performance skill.

Notably, Year 4 submitted entries to the ISA Public Speaking Competition, rehearsing and recording poetry performances that showcased strong vocal work and emotional understanding. Pupils were encouraged to think about how pace, pause, and pitch can help bring poetry to life. Year 5 completed the Grade 3 Speaking in Public exam, writing and delivering their own speeches. They learned how to structure an argument, engage an audience, and speak with clarity and confidence. In addition, they answered questions about their speech topic and gave an impromptu talk — all with great maturity and thoughtfulness. For those that have sat Lamda exams over the course of the year the majority achieved distinction. Year 6 performed Mary Poppins to the school and parents, not only acting and singing but set building and props and costumes showing great collaboration.

Sports Events

The school continues to compete in local Havering school competitions. We are on track to achieve School Games Mark ‘Gold’ for a fourth consecutive year which demonstrates the breadth of sports on offer for children of all ages, football, tag rugby, gymnastics and jujitsu for example. School Sports Day was held again with great success at Gidea Park Sports Ground.

Other subject areas

Whilst the above highlights where the school interacts with other schools or external exanimation bodies, our subject coordinators and leads in, to name a few, Maths, English, Science, Religious Studies, Humanities, Music, Art, Environment and Languages continue to provide opportunities outside the classroom to hold whole school events and interactions with our supportive parents. For example, STEAM week, trips to the Globe Theatre and the Barbican, school concerts, live owls in school and film nights have all enriched the curriculum delivered to our pupils. We are grateful to have dedicated staff willing to go the extra distance to provide these opportunities.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

ISA Events

Raising the profile of the school through the ISA has remained a key priority throughout the academic year. Both Head and Deputy have attended Eastern Regional ISA meetings to stay informed about the latest developments. Initially these meetings focused primarily on the association’s response to the anticipated VAT policy under the new Labour government. With guidance from both the ISA and the ISBA, the school was well-positioned to prepare for the legislative changes effectively.

In anticipation of an inspection in the autumn term 2025, we made strategic use of our eligibility for a light-touch preinspection, which took place in May 2025. This provided valuable insight into the areas requiring development to ensure a successful and productive inspection next term. The inspection conclusion was that all relevant standards were met.

All subject leaders have attended ISA cluster meetings, enabling them to stay up to date with changes in policy and best practices within their respective subject areas. They have reported significant benefit from engaging with colleagues in similar roles at other schools, and this collaboration continues to positively influence our own provision as we evaluate our practice and resources to uphold the highest standards of teaching and learning at St Mary’s Hare Park.

We have also continued to cultivate strong relationships with other ISA feeder schools, including New Hall, Brentwood, Thorpe Hall, Woodlands, and Alleyn Court. These connections have included reciprocal visits and participation in joint meetings, from which a number of staff members have greatly benefited.

School Events

A full calendar of events is run by the school. These include the popular concerts at Christmas and Spring, Harvest Festival, termly masses, Sports Days and summer musical theatre productions. We are grateful for the support of our parents at these events.

Educational and Residential Trips

The school has arranged a variety of opportunities for children of all ages to attend various sites for curricular and extra-curricular opportunities. These include:

Year 3 and 4 Farm Trip

Year 1 and 2 Barbican Trip (interactive music concert)

Year 5 and 6 visits to local places of worship

Year 4 Stubbers outward bounds trip

Year 6 visit to Duxford War Museum

Residential Trips

Our Year 6 class spent three days at the PGL centre at Bawdsey Manor in Suffolk from the 15th to the 17th May. This follows the successful trips enjoyed by prior Year 6 groups. We are continuing to provide a shorter trip for our Year 5 class at a local centre in Danbury each September.

Staff

Leaving us at the end of the school year will be a KS1 and a member of the office staff. We have successfully recruited a replacement for the KS1 teacher starting in September.

Staff Professional Development

As previously mentioned, staff have been encouraged to participate in training opportunities predominantly those offered by the ISA.

All staff have completed their annual safeguarding certificate and the National College Prevent training. Cyber Security and Online Safety training is being rolled out to all staff and trustees.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Safeguarding

The staff received all the relevant updates regarding the latest 'keeping children safe in education' document in the staff inset at the start of the school year.

All staff have been trained in the use of CPOMS and use it to report all situations that highlight a cause for concern. Staff feedback indicates they are confident in handling real-life scenarios and supporting a strong, consistent safeguarding culture across the school.

The safeguarding policy has been reviewed and updated.

RE

The new RE Directory (RED) has been rolled out to the school which sets out RE learning objectives and outcomes for pupils. Modelled lessons and collective worship are available for new and existing staff to support their own subject knowledge. In addition to the roll out of the RED, there are weekly emails which included morning reflections to help staff structure prayer and liturgy in their classrooms and updates on upcoming feast days and Christian holidays and reminders of when to change holy tables to reflect the colours associated with the liturgical calendar. The Mini-Vinnie's provided a pupil voice for Lower and Upper Prep classes to voice their concerns of the community and think of ways to tackle them, and they led charity initiatives.

Well Being/PSHE

It has been a successful year for PSHE. The Wellbeing Ambassadors (year 3 – year 6) have continued to support well being in the school such as promoting special events, messages and announcements to classes and raised awareness. They ensured that each class has a ‘Calm Corner’ in their classrooms and taught the children how and when to use this and the benefits it can offer.

Digital Learning

The continued use of iPads, particularly in Years 4 & 6 where they are used 1:1 has shown benefits as pupils in these year groups have shown increased independence, creativity and digital fluency, while teachers have reported that the devices have supported more effective differentiation and improved engagement. The school will push for all pupils from Year 3 to have their own iPad for use in class and are engaging with parents on the implementation and rollout of this.

Communication with parents

The weekly school newsletter continues to be well received by parents who appreciate its colourful content and updated on what their children have been doing in school. Communication with parent is facilitated by emails and Google forms as a way to gain parental consent efficiently for trips etc. Scopay is used for parents to place cash into virtual wallets to pay for meals, trips and wrap around care.

School Meals

From June 2025 school meals are cooked on the premises. The school has invested in the necessary equipment and is employing a school cook. The school has been inspected to ensure it meets the necessary hygiene standards as well as the staff involved have received the required training in food safety.

Public Benefit Statement

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The trustees consider that the activities outlined above satisfy the public benefit requirements.

The reserves of the charity are primarily held to finance the day to day running costs of the school.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Financial review

The school's principal source of income is school fees. The total incoming resources for the year was £1,603,551 (2024: £1,542,062). Total resources expended in the year was £1,642,122 (2024: £1,600,716). The net income for the year was £11,429 (2024: £83,654 expenditure).

Reserves Policy

The reserves of the charity are primarily held to finance the day to day running costs of the school.

It is the policy of the trustees that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month's expenditure. The trustees consider that at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the school's current activities while consideration is given to ways in which additional funds may be raised. At the year end, unrestricted funds which had not been designated for a specific purpose were below the target level set out in the reserves policy. The trustees are aware of this position and are working to rebuild these reserves over time so that they return to the level required by the policy.

Total funds at year end are £470,470 (2024: £459,041). Of this, £12,399 (2024: £400) are restricted funds, £419,173 (2024: £419,173) are designated funds and £38,898 (2024: £39,468) are general unrestricted funds. Free reserves are £Nil (2024: £Nil). The charity is working to bring the free reserves back to a positive position.

Designated funds relate to amounts earmarked by the trustees for various maintenance and repairs to the school building. The expected timing of this expenditure is uncertain as the charity has no major works planned therefore these will be spent as and when required.

Risk Management

The trustees have assessed the major risks to which the charity is exposed which includes the financing of the school's operations. The trustees are satisfied that systems are in place to mitigate exposure to the major risks.

The trustees' strategy is one of continuing improvement with future plans including :

Principal Risks and Uncertainties facing the school are:

Structure, governance and management

The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association which were signed by the subscribers on the 11th November 1987. The school is a registered charity registered under the name St. Mary's Hare Park School.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

F. Jones B. Olofinjana K Schrod G D White (Appointed 1 September 2025) J F Daly (Appointed 10 February 2026) J Y C Liew (Appointed 18 March 2026)

The trustees may appoint any member of the school as a trustee of the charity and at any time. This is usually done to replace a vacancy but it can be done to add to the number of trustees. Trustees appointed in this manner shall retain this position only until the next Annual General Meeting, however at this point they shall be eligible for reelection.

None of the trustees has any beneficial interest in the company.

All new trustees must undergo a day of orientation in order to brief them on their legal obligation under both charity and company law, the content of the Memorandum and Articles of Association, the school and decision-making process, the future business plans and the financial performance of the charity

The day to day management of the school is delegated to the Headteacher; however, the decisions regarding the overall direction of the school are determined by the trustees. The trustees meet as a group to make decisions about the budget, the long term plans of the school and also monitor the information they receive with respect to performance.

Statement of trustees' responsibilities

The trustees, who are also the directors of St. Mary's Hare Park School for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that TC Group be reappointed as auditor of the company will be put at a General Meeting.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Trustees' report and small companies exemption

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

..............................

F. Jones

Trustee

Date: ...................... 6/7/2026

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST. MARY'S HARE PARK SCHOOL

Opinion

We have audited the financial statements of St. Mary's Hare Park School (the ‘charity’) for the year ended 31 August 2025 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST. MARY'S HARE PARK SCHOOL

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees, (who are also directors of the charitable company for the purposes of company law), are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST. MARY'S HARE PARK SCHOOL

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

7/7/2026 TC Group ......................... Statutory Auditor 5th Floor 3 Dorset Rise London EC4Y 8EN

TC Group is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
5,309
12,440
Charitable activities
4
1,552,854
-
Other trading activities
5
389
-
Investments
6
32,559
-
Total income
1,591,111
12,440
Expenditure on:
Charitable activities
7
1,641,681
441
Net gains/(losses) on
investments
11
50,000
-
Net (expenditure)/income for
the year/
Net movement in funds
(570)
11,999
Fund balances at 1
September 2024
458,641
400
Fund balances at 31
August 2025
458,071
12,399		 Total Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
17,749
2,310
-
1,552,854
1,509,245
-
389
68
-
32,559
30,439
-
1,603,551
1,542,062
-
1,642,122
1,600,708
8
50,000
(25,000)
-
11,429
(83,646)
(8)
459,041
542,287
408
470,470
458,641
400		 Total
2024
£
2,310
1,509,245
68
30,439
1,542,062
1,600,716
(25,000)
(83,654)
542,695
459,041

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

2025 2024
Notes £ £ £ £
Fixed assets
Property, plant and equipment 12 153,150 162,807
Investment properties 13 350,000 300,000
503,150 462,807
Current assets
Inventories 14 1,529 3,061
Trade and other receivables 15 79,909 54,830
Cash at bank and in hand 240,345 741,591
321,783 799,482
Current liabilities 16 (219,963) (607,673)
Net current assets 101,820 191,809
Total assets less current liabilities 604,970 654,616
Non-current liabilities 18 (134,500) (195,575)
Net assets 470,470 459,041
Income funds
Restricted funds 21 12,399 400
Unrestricted funds
Designated funds 22 419,173 419,173
General unrestricted funds 38,898 39,468
458,071 458,641
470,470 459,041

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 AUGUST 2025

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 

7/7/2026

The financial statements were approved by the Trustees on .........................

..............................

K Schrod

Trustee

Company Registration No. 02203226

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
23
Investing activities
Purchase of property, plant and equipment
Investment income received
Net cash generated from/(used in)
investing activities
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
£
(505,393)
(28,412)
32,559
4,147
-
(501,246)
741,591
240,345		 2024
£
(63,064)
30,439		 £
254,039
(32,625)
-
221,414
520,177
741,591

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

St. Mary's Hare Park School is a private company limited by guarantee incorporated in England and Wales. The charity's principle address is St. Mary's Hare Park School, South Drive, Gidea Park, Romford, RM2 6HH.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound sterling.

The accounts have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

School fees comprise fees receivable from school pupils including teaching fees, funding, school meals and wrap-around care. Nursery fees comprise fees receivable from nursery pupils, and other income includes music lesson charges and outings and activity income.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Revenue is stated net of VAT and discounts, including bursaries.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Deferred income comprises school fees and meals paid in advance for future periods and is released to income in the period to which it relates.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Charitable expenditure comprises expenses incurred directly in pursuance of the advancement of the charity's principle charitable objectives and are accounted for on an accruals basis.

Resources expended that are attributable to more than one heading of expenditure are apportioned accordingly. The apportionment is based on an estimate of the resources expended in each area.

1.6 Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

School building Over the term of the lease of the school's premises Computer equipment Straight line over 3 years Fixtures, fittings & equipment Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value as at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at revalued amount where the impairment loss is a revaluation decrease.

1.9 Inventories

Inventories are stated at the lower of costs and the estimated net present value.

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.13 Retirement benefits

The charity operates a defined contribution pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

1.14 Interest free loans (Bond Scheme)

A Bond Scheme is used as a means of generating additional income by way of interest . A single payment equivalent to £500 (2024: £500) is required when the child commences school. This is an interest-free, unsecured loan redeemable when the child completes Year 6 (any refund before this age is at the discretion of the Board of Trustees). Accordingly, bonds in respect of children who have completed Year 5 in the year under review are treated as creditors due within one year, all other bonds are treated as creditors due after more than one year.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Investment property valuations are considered to be a critical accounting estimate. The company holds an investment property at fair value, and the fair value is reviewed at the end of each accounting period by the Trustees, with reference to an independent estate agent's valuation, current market rental yields, market evidence of transactions relating to similar properties, as well as other factors such as any indication of impairment.

3 Donations and legacies

Unrestricted Restricted Total Unrestricted
funds funds funds
2025 2025 2025 2024
£ £ £ £
Donations and gifts 5,309 12,440 17,749 2,310

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

Total 2024 £ 1,509,245
Other school income 2024 £ 14,815
Nursery school fees 2024 £ 18,413
School fees 2024 £ 1,476,017
Total 2025 £ 1,552,854
Other school income 2025 £ 24,862
Nursery school fees 2025 £ 135,758
School fees 2025 £ 1,392,234
Charitable activities Income within charitable activities
4

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

5 Other trading activities

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Commission and other trading activities 389 68

6 Investments

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Rental income 17,025 16,200
Interest receivable 15,534 14,239
32,559 30,439

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

Total 2024 £ 1,114,319 31,456 402,234 14,457 20,000 1,582,466 18,250 1,600,716 1,600,708 8 1,600,716
Support costs of schooling 2024 £ - 28,764 185,960 14,457 - 229,181 18,250 247,431 247,423 8 247,431
Premises costs 2024 £ - 2,692 216,274 - 20,000 238,966 - 238,966 238,966 - 238,966
Teaching 2024 £ 1,114,319 - - - - 1,114,319 - 1,114,319 1,114,319 - 1,114,319
Total 2025 £ 1,149,581 38,069 385,725 - 25,000 1,598,375 43,747 1,642,122 1,641,681 441 1,642,122
Support costs of schooling 2025 £ - 35,037 177,338 - - 212,375 43,747 256,122 255,722 400 256,122
Premises costs 2025 £ - 3,032 208,387 - 25,000 236,419 - 236,419 236,378 41 236,419
Teaching 2025 £ 1,149,581 - - - - 1,149,581 - 1,149,581 1,149,581 - 1,149,581
Expenditure on charitable activities Direct costs Staff costs Depreciation and impairment General schooling costs Bursaries Operating lease rentals Share of support and governance costs (see note 8) Governance Analysis by fund Unrestricted funds Restricted funds
7

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

8 Support costs

Support costs
Audit fees
Accountancy
Legal and professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
31,750
-
9,006
-
2,991
-
43,747
-
43,747		 2025
£
31,750
9,006
2,991
43,747
43,747		 Support
costs
Governance
costs
£
£
-
14,150
-
-
-
4,100
-
18,250
-
18,250		 2024
£
14,150
-
4,100
18,250
18,250

The increase in audit fees reflects the recognition of both the current year audit fee and the prior year audit accrual, which was not recognised in full in the prior year. Accordingly, the movement does not represent a recurring increase in audit fees.

9 Employees

The average monthly number of employees during the year was:

Teachers
Teaching assistants
Administration
Other
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000
is as follows:
£60,000 to £70,000
£70,000 to £80,000		 2025
Number
16
15
4
6
41
2025
£
1,034,578
93,208
21,795
1,149,581
2025
Number
1
1		 2024
Number
15
17
5
6
43
2024
£
1,005,182
84,939
24,198
1,114,319
2024
Number
-
1

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

9 Employees

(Continued)

The employees whose emoluments exceed £60,000 had retirement benefits accruing under defined contribution pension schemes.

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025 2024
£ £
Aggregate compensation 77,296 76,781

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Net gains/(losses) on investments

2025 2024
£ £
Gain/ (loss) on revaluation of investment properties 50,000 (25,000)

12 Property, plant and equipment

Property, plant and equipment
School
building
Computer
equipment
Fixtures,
fittings &
equipment
£
£
£
Cost
At 1 September 2024
160,833
180,439
544,783
Additions
15,440
2,060
10,912
At 31 August 2025
176,273
182,499
555,695
Depreciation and impairment
At 1 September 2024
94,337
165,296
463,615
Depreciation charged in the year
3,032
7,444
27,593
At 31 August 2025
97,369
172,740
491,208
Carrying amount
At 31 August 2025
78,904
9,759
64,487
At 31 August 2024
66,496
15,143
81,168		 Total
£
886,055
28,412
914,467
723,248
38,069
761,317
153,150
162,807

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

13 Investment property

Investment property
Fair value
At 1 September 2024
Revaluation
At 31 August 2025		 2025
£
300,000
50,000
350,000

The investment property has been valued at 31 August 2025 by the trustees of the charitable company, with reference to an independent valuation.

14 Inventories

14
Inventories
Finished goods and goods for resale
15
Trade and other receivables
Amounts falling due within one year:
Trade receivables
Other receivables
Prepayments and accrued income
16
Current liabilities
Notes
Other taxation and social security
Deferred income
17
Trade payables
Other payables
Accruals		 2025
£
1,529
2025
£
52,056
9,686
18,167
79,909
2025
£
23,018
66,552
19,556
81,523
29,314
219,963		 2024
£
3,061
2024
£
32,487
9,253
13,090
54,830
2024
£
19,982
464,756
12,251
57,623
53,061
607,673

Current liabilities include deferred income, which is made up of school fees and school meals paid in advance.

Other payables include bonds repayable within 12 months of £66,075 (2024: £48,280).

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

17 Deferred income

2025 2024
£ £
School fees and meals paid in advance 66,552 464,756

Deferred income represents fees in advance for future academic terms or years, as well as prepaid school meals.

18 Non-current liabilities

Notes
Between two and five years
In over five years		 2025
£
95,500
39,000
134,500		 2024
£
171,075
24,500
195,575

Non-current liabilities are made up of bonds repayable.

19 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
60,273
12,714
72,987		 2024
£
52,138
37,988
90,126

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

20 Analysis of net assets between funds

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Fund balances at 31 August 2025 are represented by:
Property, plant and
equipment 140,751 12,399 153,150 162,807 - 162,807
Investment properties 350,000 - 350,000 300,000 - 300,000
Current assets/(liabilities) 101,820 - 101,820 191,409 400 191,809
Long term liabilities (134,500) - (134,500) (195,575) - (195,575)
458,071 12,399 470,470 458,641 400 459,041

21 Restricted funds

The income funds of the charity include restricted funds comprising the following balances of donations and grants held on trust for specific purposes:

At 1 Incoming Resources At 31 August At 31 August
September resources expended 2025
2024
£ £ £ £
Portable hearing loop 400 - (400) -
Playground equipment - 12,440 (41) 12,399
400 12,440 (441) 12,399
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2024
2023
£ £ £ £
Portable hearing loop 400 - - 400
Greenhouse 8 - (8) -
408 - (8) 400

A new restricted fund was established during the year in respect of donations received for the purchase and installation of new playground equipment.

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

22 Designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Balance at Resources Balance at Incoming Balance at
1 September expended 1 September resources 31 August
2023 2024 2025
£ £ £ £ £
Dilapidations 39,000 - 39,000 - 39,000
Property improvements 356,822 (5,483) 351,339 - 351,339
Garden maintenance 28,834 - 28,834 - 28,834
424,656 (5,483) 419,173 - 419,173

The trustees have set aside the above designated funds for specific purposes as indicated above.

23 Cash generated from operations

23 Cash generated from operations
2025 2024
£ £
Surplus/(deficit) for the year 11,429 (83,654)
Adjustments for:
Investment income recognised in statement of financial activities (32,559) (30,439)
Fair value gains and losses on investment properties (50,000) 25,000
Depreciation and impairment of property, plant and equipment 38,069 31,456
Movements in working capital:
Decrease/(increase) in inventories 1,532 (522)
(Increase) in trade and other receivables (25,079) (2,338)
(Decrease) in trade and other payables (50,581) (123,662)
(Decrease)/increase in deferred income (398,204) 438,198
Cash (absorbed by)/generated from operations (505,393) 254,039
24 Analysis of changes in net funds
At 1 September Cash flows Other non-cash At 31 August
2024 changes 2025
£ £ £ £
Cash at bank and in hand 741,591 (501,246) - 240,345
Bonds falling due within one year (48,280) (37,800) 20,005 (66,075)
Bonds falling due after more than one year (195,575) 18,500 42,575 (134,500)
497,736 (520,546) 62,580 39,770

Docusign Envelope ID: AA010493-1B8F-855E-827D-523CF589879F

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

25 Related party transactions

During the year, Keith Schrod, a trustee of the charity, was employed by the charity. The charity paid total gross remuneration of £13,000 on an arm's length basis in respect of services in a professional capacity as interim business manager. No amounts were outstanding at the year end.

26 Ultimate controlling party

The company is limited by guarantee and has no ultimate controlling party.