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2022-08-31-accounts

Registered number: 590877

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (A company limited by guarantee)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (A company limited by guarantee)

COMPANY INFORMATION
Governors Mrs T Sell-Peters
Mrs C Coulson
Mrs L Curtis
Dr C Martin
Mrs H A Lowe (appointed 4 May 2022)
Mr T Rounds (appointed 1 December 2022)
Company secretary C E Stamate
Company number 590877
Charity number 307917
Registered office 49 Bromley Road
Beckenham
Kent
BR3 5PA
Independent auditors Creasey Son & Wickenden
Chartered Accountants & Statutory Auditor
Hearts of Oak House
4 Pembroke Road
Sevenoaks
Kent
TN13 1XR
Bankers Barclays Bank Plc
Beckenham
Kent
BR3 4ES
Solicitors Wellers
Tweedy Road
Bromley
Kent
BR1 3NF

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

CONTENTS

Page
Strategic report 1 - 4
Directors' report 5 - 7
Independent auditors' report 8 - 11
Statement of comprehensive income 12
Statement of financial activity 13
Statement of financial position 14
Statement of cash flows 15
Analysis of net debt 16
Notes to the financial statements 17 - 28

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2022

The governors, who are also the charity trustees and the directors for the purposes of company law, present their "Strategic report" and "Directors' report", which together form the "Trustees' report" required to be presented by a charity, and present the financial statements, all for the year ended 31 August 2022.

Objectives and activities

The object of the school is the provision of education for girls and boys up to the age of eleven. It achieves this by operating St. Christopher’s School, Beckenham.

The school's policy is to provide a happy and hard-working environment where all pupils can find the opportunity to develop their talents to the full within a wide but well-balanced curriculum. Each pupil is treated as an individual and encouraged to aim for the highest standards in whatever he or she is doing.

The School is a No Outsider School and stands against racism and sexism and embodies non-discrimination and equality in all aspects of school life, from the cirriculum to the children's behaviour.

The general and cultural education prepares both girls and boys for entrance at age eleven to secondary schools, including selective independent and grammar, and local state schools. All classes are small so that each pupil can make the best of his or her capabilities in an ordered, happy and friendly atmosphere.

Particular objectives for the year to August 2022 were to:

In setting our objectives and planning our activities we have given careful consideration to section 17 of the Charities Act 2011, the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on advancing education and on fee-charging.

The governors considered how the school's facilities might be made available without payment to members of the local community. Unlike many independent schools which boast superior swimming and sports facilities, drama and music studios etc., St. Chrisptoher's is unable to offer these. It is unrealistic therefore to address its public responsibilities in this way.

However, the school offers concessions and assistance with fees. The criterion for this is financial hardship which ensures that families of limited means are not excluded from the opportunity to attend the school and are conditional upon applicants meeting the general requirements for all students.

Page 1

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Achievements and performance

Financial matters are considered in the ‘financial results’ section of the directors' report. In this section we set out non-financial matters.

Roll

The pupil numbers for the year ending 31 August 2022 were lower than previous years, owing to the impact of the pandemic starting to be visible, with families re-locating away from London or unable to continue to pay for private education. In total there were 229 children on roll from kindergarten to Year 6 (2021 - 273). The school is deemed full with 312 children.

Academic

At the 11+ transfer the majority of Year 6 pupils opt to sit for selective Independent and/or Grammar School entrance examinations. In total 30 (2021 - 32) academic, all-rounder, music or sport scholarships were won, and 88% of pupils received offers from their first choice of secondary school, while 70% received multiple offers.

Music and Drama

Music and Drama form part of the curriculum from Kindergarten to Year 6. All children are given opportunities to perform, either during class, assemblies or in the concerts that are held throughout the year. All children participate in the productions which are held termly for different phases. Preparing and taking part in a performance builds a child's confidence and involves them in an important aspect of life, working together.

This year, with the lifting of Covid-19 restrictions, we were once again able to perform to family and friends. This year our productions have included the Kindergarten Christmas concert and the Lower School Nativity play, a Year 3 and 4 music and drama show and a Year 5 and 6 musical production, 'Alice in Wonderland'. The end of the Summer Term saw our inaugural Year 6 Leavers Celebration at St. Georges' Church, with performances from soloists, orchestra and choir. In July 2022 our entire Year 4 took part in a local Music Festival. They performed a programme of songs together with three other schools, which they learnt under the direction of the Festival's Musical Director.

Individual music lessons are available on wide range of instruments and 93 children (2021 - 97) took lessons on at least one instrument, with a total of 103 weekly instrumental lessons from 9 visiting music teachers in piano, voice, flute, oboe, clarinet, saxophone, trumpet, violin, guitar and drums. In support of this the SCA run an instrument loan scheme which hires instruments at low cost to children starting out on lessons: 16 instruments are available through the scheme including woodwind, brass and strings.

We were able to host an ABRSM Music Examiner three times throughout the year, at the end of each term, with 47 children taking music exams ranging from Preparatory to Grade 5. We also hosted external candidates for 16 exams throughout the year.

The School Orchestra has 16 members and played for Music Concerts, our Carol Service and Leavers' Celebration at St. George's Church. Children are continually encouraged to join local community choirs and orchestras and to take part in music festivals and events to develop their ability and give them the experience of working with others.

Page 2

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (A company limited by guarantee)

STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Sport

In addition to the core sports of rugby, netball, football, cricket and hockey, a wide variety of sports are offered, either during curriculum time or as after school clubs. From Year 3 onwards competitive matches are played against other local schools with our pupils consistently achieving good results.

The ISA have recommenced their program of sporting competitions and our teams have again been successful, qualifying for the 5-a-side football, mixed netball and swimming National finals and finishing as runners up in the South of England hockey tournament. Additionally, in swimming, teams won the London Schools Relay Event and were placed 4th and 5th in the English Schools Swimming Nationals.

Individually one of our pupils qualified for the ISA National Athletics Championships and another gained a place in the Orpington and District Football Squad.

School Travel Plan

This is a scheme run by TFL to encourage and reward schools for their work in sustainable travel, citizenship, road safety and environmental issues. For the tenth year in a row we have been awarded the Gold Level.

Our progress against the 4 particular objectives for the year ended August 2022 are as follows:

Page 3

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Principal risks and uncertainties

The governors have considered the risks to which the charity is exposed. The principal areas identified and monitored at present, non-financial and financial, are set out below.

Areas which are within the charity's control, which are currently considered to be at low risk of occurrence, but which have the potential to be significant are:

Other risks facing the school which are individually small but may occur more frequently are:

Future developments

The governors consider that the school successfully achieves what it sets out to do, so future developments are planned to enhance this rather than to make changes in direction. Our current plans are:

Remuneration

As trustees of the charity the governors do not receive any remuneration. The remuneration of the Head and staff is set by the governors. It is benchmarked against the Government Teaching Scales.

This report was approved by the board on 31 January 2023 and signed on its behalf.

Mrs L Curtis Governor

Page 4

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (A company limited by guarantee)

DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2022

The governors present their report and the financial statements for the year ended 31 August 2022.

Reference and administrative details

St Christopher's The Hall School Limited was founded by the amalgamation of The Hall School and St Christopher's School in 1926. The school is a registered company (number 590877) and a registered charity (number 307917) and is governed by its Memorandum and Articles of Association.

Key personnel and professional advisors are:

Headmaster

A Velasco (retired 31/08/2021) T Carter (appointed 01/09/2021)

Company secretary and School bursar C E Stamate

Registered and principal office 49 Bromley Road Beckenham Kent, BR3 5PA

Auditors

Creasey Son & Wickenden Hearts of Oak House Pembroke Road Sevenoaks Kent, TN13 1XR

Bankers Barclays Bank Plc 3 Beckenham Road Beckenham Kent, BR3 4ES

Solicitors Wellers Tenison House Tweedy Road Bromley Kent , BR1 3NF

Page 5

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Governors' responsibilities statement

The governors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the governors to prepare financial statements for each financial year. Under that law the governors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.

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

The governors are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and to 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.

Financial review

The deficit for the year, after taxation, amounted to £395,102 (2021 - surplus £118,958) .

Despite the loss for the year, the governors are confident that this is not a situation that will re-occur and that the school will return to generating a surplus.

Total reserves at the year end were £4,928,373. Of these an amount of £200,000 is "designated" should it be needed to meet unexpected major expenditure and £25,958 is "restricted", having been given for particular purposes. At this year end the restricted fund is comprised of several items of equipment included within fixed assets.

Governors

The governors who served during the year were:

Mrs T Sell-Peters Mrs C Coulson Mrs L Curtis Dr C Martin Mrs A Geldeard (resigned 4 May 2022) Mrs H A Lowe (appointed 4 May 2022)

Page 6

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Structure, governance and management

Organisation

The governors together with the Head determine the general policy of the school, meeting at least once each term. The day to day management of the school is delegated to the Head, with the Bursar dealing with financial administration. The chairman of the Board is elected by the governors.

Recruitment and training of governors

Potential governors are identified by current governors or by executive officers of the school, on the basis of particular skills, personal reputation and competence and, where possible, an existing commitment and supportive attitude towards the school. Governors are elected to the Governing Body at Governors' meetings following interviews, combined with meetings to discuss and instruct potential candidates of the responsibilities and duties involved.

Land and buildings

The governors are of the opinion that the land and buildings owned by the school are worth more than they are carried at in these financial statements, but without a professional, current valuation no revaluation will be recognised.

Disclosure of information to auditors

Each of the persons who are governors at the time when this Directors' report is approved has confirmed that:

Auditors

The auditors, Creasey Son & Wickenden, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 31 January 2023 and signed on its behalf.

Mrs L Curtis Governor

Page 7

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

Opinion

We have audited the financial statements of St Christopher's The Hall School Limited (the 'Charity') for the year ended 31 August 2022, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of cash flows and the related notes, including a summary of 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 directors' 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 governors with respect to going concern are described in the relevant sections of this report.

Page 8

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The governors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Page 9

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (CONTINUED)

Responsibilities of governors

As explained more fully in the Directors' responsibilities statement set out on page 6, the governors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the governors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the governors 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 governors either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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 Auditors' 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity’s operations are conducted in accordance with the provisions of laws and regulation and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the company audit team:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 10

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (CONTINUED)

Use of our report

This report is made solely to the Charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charity's members those matters we are required to state to them in an Auditors' 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 members, as a body, for our audit work, for this report, or for the opinions we have formed.

M K Lunt FCA (Senior statutory auditor)

for and on behalf of Creasey Son & Wickenden

Chartered Accountants Statutory Auditor

Hearts of Oak House 4 Pembroke Road Sevenoaks Kent TN13 1XR

31 January 2023

Page 11

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 AUGUST 2022

Note
Turnover
4
Educational expenses
Administrative expenses
Interest receivable and similar income
Interest payable and similar expenses
7
(Deficit)/surplus before tax
Tax on (loss)/profit
(Deficit)/surplus for the financial year		 2022
£
2,325,123
(1,859,974)
465,149
(845,101)
(379,952)
839
(15,989)
(395,102)
-
(395,102)		 2021
£
2,516,941
(1,712,521)
804,420
(671,712)
132,708
112
(13,862)
118,958
-
118,958

There were no recognised gains and losses for 2022 or 2021 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2022 (2021:£NIL).

The notes on pages 17 to 28 form part of these financial statements.

Page 12

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022

Unrestricted
funds
General
2022
£
INCOME
Charitable activities
Fees receivable
2,283,624
Bursaries and discounts
(137,905)
Sports, outings and activities
112,435
Sundry fees, uniform sales & other income
66,969
Investment
Interest receivable
839
Donations and Grants
Total income
2,325,962
EXPENDITURE
Charitable activities
Educational expenses
1,859,974
Establishment expenses
469,335
Administrative expenses
385,024
Total expenditure
2,714,333
Net income before transfers
(388,371)
Transfers between funds
-
Net movement in funds
(388,371)
Reconciliation of funds
Funds balance brought forward
5,090,786
Funds balance carried forward
4,702,415		 Unrestricted
funds
Designated
2022
£
Restricted
funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,860
-
1,871
-
6,731
-
(6,731)
-
-
-
(6,731)
200,000
32,689
200,000
25,958		 Total
funds
2022
£
2,283,624
(137,905)
112,435
66,969
839
2,325,962
1,859,974
474,195
386,895
2,721,064
(395,102)
-
(395,102)
5,323,475
4,928,373		 Total
funds
2021
£
2,640,406
(229,508)
33,589
72,454
112
2,517,053
1,712,521
397,022
288,552
2,398,095
118,958
-
118,958
5,204,517
5,323,475

All expenditure is incurred on activities carried out directly by the charity in furtherance of its principal activity, the running of St Christopher's The Hall school.

When donations are made to the school by St Christopher's Association for a specific purpose those funds are "restricted". When they are used to purchase equipment which is carried as a tangible fixed asset a balance will remain in the fund, above, diminishing as the asset is depreciated.

Page 13

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 590877

STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2022

Note
Fixed assets
Tangible assets
9
Current assets
Stocks
10
Debtors: amounts falling due within one
year
11
Cash at bank and in hand
12
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
14
Net assets
Capital and reserves
Unrestricted funds: General
17
Unrestricted funds: Designated
17
Restricted funds
17		 42,986
102,257
793,702
938,945
(480,070)		 2022
£
4,924,538
4,924,538
458,875
5,383,413
(455,040)
4,928,373
4,702,415
200,000
25,958
4,928,373		 37,598
77,229
1,144,960
1,259,787
(817,031)		 2021
£
4,880,719
4,880,719
442,756
5,323,475
-
5,323,475
5,090,786
200,000
32,689
5,323,475

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2023.

Mrs L Curtis

Governor

The notes on pages 17 to 28 form part of these financial statements.

Page 14

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2022

Cash flows from operating activities
(Loss)/profit for the financial year
Adjustments for:
Depreciation of tangible assets
Interest paid
Interest received
(Increase) in stocks
(Increase) in debtors
Increase in creditors
Net cash generated from operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash from investing activities
Cash flows from financing activities
Repayment of loans
Interest paid
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 the end of year
Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand		 2022
£
(395,102)
191,303
15,989
(839)
(5,388)
(25,030)
168,622
(50,445)
(235,524)
400
839
(234,285)
(50,539)
(15,989)
(66,528)
(351,258)
1,144,960
793,702
793,702
793,702		 2021
£
118,958
191,272
13,862
(112)
(5,676)
(840)
64,691
382,155
(32,489)
-
112
(32,377)
(51,004)
(13,862)
(64,866)
284,912
860,048
1,144,960
1,144,960
1,144,960

The notes on pages 17 to 28 form part of these financial statements.

Page 15

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

ANALYSIS OF NET DEBT FOR THE YEAR ENDED 31 AUGUST 2022

Cash at bank and in hand
Debt due after 1 year
Debt due within 1 year		 At 1
September
2021
£
1,144,960
-
(556,139)
588,821		 Cash flows
£
(351,258)
(455,040)
505,579
(300,719)		 At 31
August 2022
£
793,702
(455,040)
(50,560)
288,102

The notes on pages 17 to 28 form part of these financial statements.

Page 16

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

1. General information

The charity is a private company incorporated in England and Wales and is limited by guarantee so does not have a share capital. It is a registered charity and is a public benefit entity. Its registered office is at 49 Bromley Road, Beckenham, Kent BR3 5PA. The charity's principal activity is the provision of education.

2. Accounting policies

2.1 Basis of preparation of financial statements

These financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies. They are in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland; the Charities Statement of Recommended Practice - Accounting and Reporting by Charities; the Companies Act 2006 and the Charities Act 2011.

These financial statements are prepared and presented in pounds Sterling. Values are rounded to the nearest £1. They present information for this company alone.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2 Going concern

The governors consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Page 17

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

2. Accounting policies (continued)

2.3 Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Charity and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

2.4 Donations and legacies

Voluntary incoming resources are accounted for as and when entitlement arises, the amount can be reasonably quantified and the economic benefit to the charity is considered probable.

Voluntary income for the charity's general purposes is accounted for as unrestricted and is credited to the General Reserve. Where the donor or an appeal has imposed trust law restrictions, voluntary income is credited to the relevant restricted fund and incoming endowments are accounted for as permanent trust capital or expendable trust capital, according to whether the donor intends retention is to be permanent or not. Gifts in kind of value is at estimated market value at the date of the gift, in the case of assets for potential consumption, or at the value to the charity in the case of donated services or facilities.

2.5 Expenditure

Expenditure is accrued as soon as a liability is considered probable, discounted to present value for longer-term liabilities. Expenditure attributable to more than one cost category in the SOFA is apportioned to them on the basis of the estimated amount attributable to each activity in the year, either by reference to staff time or the use made of the underlying assets, as appropriate. Irrecoverable VAT is included with the item of expenditure to which it relates.

Grants awarded are expensed as soon as they become legally legal or operational commitments. Governance costs comprise the costs of complying with constitutional and statutory requirements.

2.6 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 18

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

2. Accounting policies (continued)

2.6 Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - 2%
Freehold improvements - 2%
Motor vehicles - 10%
Fixtures, fittings and - 20%
equipment

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7 Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Page 19

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

2. Accounting policies (continued)

2.10Financial instruments

The Charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors or loans from banks and other third parties.

2.11Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.13Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.14Unrestricted and restricted funds

General unrestricted funds

Unrestricted funds are funds of the charitable company that can be used in accordance with the charitable objects at the discretion of the directors.

Designated unrestricted funds

The directors keep a minimum reserve of £200,000, which they consider sufficient to meet unexpected, major expenditure, or to permit the orderly winding up of the school should this ever become necessary.

Restricted funds

Restricted funds are funds of the charitable company that have been set aside because they are required to be applied to the purpose for which they were originally raised. Where these funds are intended to be used to defray the cost of items that are not of a capital nature, a transfer is made of such amounts to unrestricted funds as and when they are expended.

Page 20

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

3. Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The most significant area of judgment, in terms of value, is considered to be the assessment of recoverability / impairment of overdue sums payable to the company.

4. Turnover

The whole of the turnover is attributable to the provision of tuition and disbursements recovered.

All turnover arose within the United Kingdom.

5. Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:

Fees payable to the Company's auditors for the audit of the Company's
financial statements		 2022
£
8,000		 2021
£
7,500

Page 21

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

6. Employees

Staff costs were as follows:

Wages and salaries
Social security costs
Cost of defined contribution scheme		 2022
£
1,427,130
138,811
91,243
1,657,184		 2021
£
1,396,691
127,866
84,919
1,609,476

The average monthly number of employees, excluding the governors, during the year was as follows:

Teaching
Administration
Establishment		 2022
No.
51
4
1
56		 2021
No.
55
3
1
59

The numbers above count all staff on the same basis, regardless of whether they work full time or part time. Alternatively, if employees are counted according to the hours that they work, the number of full time equivalent employees was 41 ( 2021 - 40 ).

The number of employees whose emoluments exceeded £60,000 was 1, falling into the £90,001 - £100,000 band ( 2021 - 1 falling into the £90,001 - £100,000 band ).

The governors received no remuneration during the year ( 2021 - £nil ).

No expenses or travel costs were reimbursed to governors during the year ( 2021 - £nil ).

Aggregate employee benefits of key management personnel for the year is £144,044 ( 2021 - £137,771 ).

7. Interest payable and similar expenses

2022 2021
£ £
Bank interest payable 15,989 13,862

Page 22

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

8. Analysis of total expenditure

Charitable expenditure
Teaching
Welfare
Sports, outings and activities
Uniform
Premises
Depreciation and profit/loss on disposal
Communication and admissions
Governance
Finance		 2022
£
1,526,442
165,185
150,594
21,893
293,237
191,293
240,788
113,837
17,795
2,721,064		 2021
£
1,490,000
139,038
64,484
23,842
216,087
191,272
231,593
26,529
15,250
2,398,095

Page 23

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

9. Tangible fixed assets

Cost or valuation
At 1 September 2021
Additions
Disposals
At 31 August 2022
Depreciation
At 1 September 2021
Charge for the year
on owned assets
At 31 August 2022
Net book value
At 31 August 2022
At 31 August 2021		 Freehold
property
£
150,000
-
-
150,000
64,500
3,000
67,500
82,500
85,500		 Freehold
imprvmts
£
6,460,044
-
-
6,460,044
1,787,610
141,840
1,929,450
4,530,594
4,672,434		 Motor
vehicles
£
103,759
-
(400)
103,359
44,927
10,336
55,263
48,096
58,832		 Furniture,
fittings and
equipment
£
363,951
31,556
-
395,507
300,000
36,127
336,127
59,380
63,953		 Assets
under
construct'n
£
-
203,968
-
203,968
-
-
-
203,968
-		 Total
£
7,077,754
235,524
(400)
7,312,878
2,197,037
191,303
2,388,340
4,924,538
4,880,719

The freehold property was purchased in 1995. The governors believe the market value to be in excess of the cost.

All tangible fixed assets are held for use in direct charitable activities. The net book value of assets included above which were donated by St Christopher's Association is £25,958 ( 2021 - £32,689 ).

10. Stocks

Stationery and badges
School uniform for resale		 2022
£
992
41,994
42,986		 2021
£
992
36,606
37,598

Stock recognised in cost of sales during the year as an expense was £21,893 ( 2021 - £23,842 ).

Page 24

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

11. Debtors

Trade debtors
Other debtors
Prepayments and accrued income
12.
Cash and cash equivalents
Cash at bank and in hand
13.
Creditors: Amounts falling due within one year		 2022
£
83,276
2,933
16,048
102,257
2022
£
793,702		 2021
£
29,252
7,899
40,078
77,229
2021
£
1,144,960
Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
The following liabilities were secured:
Bank loan
Details of security provided:		 2022
£
50,560
144,804
34,617
82,715
167,374
480,070
2022
£
50,560		 2021
£
556,139
18,526
32,601
40,088
169,677
817,031
2021
£
556,139

The bank has a charge over the freehold property as security for the bank loans.

Page 25

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

14. Creditors: Amounts falling due after more than one year

Bank loans
The following liabilities were secured:
Bank loans
Details of security provided:		 2022
£
455,040
2022
£
455,040		 2021
£
-
2021
£
-

The bank has a charge over the freehold property as security for the bank loans.

15. Loans

Analysis of the maturity of loans is given below:

Amounts falling due within one year
Bank loans
Amounts falling due 1-2 years
Bank loans
Amounts falling due 2-5 years
Bank loans		 2022
£
50,560
50,560
404,480
505,600		 2021
£
556,139
-
-
556,139

The loan is due for repayment by June 2027. Repayment of capital is by quarterly payments of £12,640, with the balance due by June 2027. Interest on the loan is charged and paid monthly at a rate of 1.72% above the Bank of England base rate.

Page 26

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

16. Financial instruments

2022 2021
£ £
Financial liabilities
Financial liabilities measured at amortised cost (505,600) (556,139)

Financial liabilities measured at amortised cost comprise a bank loan.

17. Reserves

Unrestricted funds: designated

The "designated" fund is held to meet unexpected major expenditure, or to permit the orderly winding up of the school should this become necessary. At this balance sheet date the assets comprising this fund are bank balances.

Restricted fund

When donations are made to the school by St Christopher's Association for a specific purpose those funds are treated as "restricted". If the funds are used to purchase equipment which is carried as a fixed asset a balance will remain in the fund, diminishing as the asset is depreciated. At this balance sheet date the assets comprising this fund are fixed assets and cash.

18. Company status

The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

19. Capital commitments

At 31 August 2022 the Charity had capital commitments as follows:

2022 2021
£ £
Contracted for but not provided in these financial statements 210,000 -

The 2022 capital commitment relates to the refurblishment of the preschool buidling which was started in the summer of 2022 and can be seen as assets under contstruction in fixed assets..

Page 27

ST CHRISTOPHER'S THE HALL SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

20. Pension commitments

The charity contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension charge represents total contributions payable by the charity to the fund and amounted to £92,858 ( 2021 - £86,511 ). There were £13,579 ( 2021 - £12,459 ) of outstanding contributions included within accruals at the year end.

All pension costs relate to unrestricted funds.

21. Related party transactions

During the year one governor ( 2021 - one ) had a child attending the school, which generated turnover of £10,957 ( 2021 - £10,241 ). At the year end a balance of £nil ( 2021 - £148 ) was owed by the school to this governor.

All transactions with related parties were made on terms equivalent to those that prevail in arms length transactions.

Page 28