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2024-08-31-accounts

Reglstered number: 00830735 Charrty number: 31204S St Christopherfs School Trust (Epsom) Limited (A company limlted by guarantee) Trustses, report and flnanclal statements for the year ended 31 August 2024

st Chrlstopherfs School Trust {Ep8om) Limitsd (A company Ilmlted by guarantee) Contents Pag8 Referenco and admlnlstratlvg dotsils of the eharlty, Its Trustees and advl$ers Tru8tee8' report Independent audltor's report on th• flnanclal statements Statement of flnanclal actlvltiO8 12-15 16 Balanca sheet 17-18 statomont of cash flows 19 Note8 to the flnanclal statoments 20-36

st Chrlstopher's School Trust (Epsom) Limited (A company limlted by guarantee) Reference and administrative delaib of the charlty, Its Trustees and advi80r8 for the year onded 31 August 2024 Trustsos MrAlastalr Domlnic Roberts, Chair Mrs Dawn Bhoma Mrs Helen Crossley Mrs Elizabeth Hibbert Mr Stephen Mainstong Mr Bryan O'callaghan Mrs Clara Chellun Mr Mark O'Halloran Dr Nadla Oozeerally Mr8 Sarah R8J8 Company regisfgred number 00830735 Charlty reglstered numbèr 312045 Reglstored off ice 6 Downs Road Epsom Surrey KT18 SHE SeGrgtary Mrs H M Serrano Headteachgr Mrs Bronla Grehan Independent audltor KtEston Re8vg8 LLP Chartared A¢¢ountants statutory Auditor Springfield House Springfield Road Horsham West Sussex RH122RG Banker8 Lloyds Bank PIC 64 High Street Epsom Surrey KT19 8AT Page 1

st Christopher's School Trnst (Epsom) Limlted (A company limited by guarantee) Trustees. roport forthe year endod 31 August 2024 The Trustees present their annual report together with the audited fin8nclal statements of the charity for the 1 September 2023 to 31 August 2024. The Annual report serves the purposes of both a Truste8s' report and a directors, report under company law. The Trustees conflrm that the Annual report and financial statements of the chan'table company comply with the current statutory requirements, tha rgquirements of the charitable compantys goveming document and the provisions of the Statement of Recommended Practice (SORP) appllcable to charities preparfng their accounts in accordance with th8 Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS1021 (effective 1 January 2019). The Charitable Company1$ a Company limited by guarantee and has a re9iStered Charily number of 312045 and registered company number of 00830735. Since the charity qualifies as small under 8e¢tion 382 of the Companies Act 2006, the Strategic report required of medlum and large companies under thè Companies Act 2006 (strategic Report and Directors, Report) Regulations 2013 has been omittèd. st Christopherfs School Is a charltable trust which seeks to benefit the public through the pursuit of its stated aims. Prlnclpal Aotlvlty Thp principal actlvity of the charlty Continues to be the provislon of a pre-preparatory school and nursery for girls and boy8 UP to the age of 7. Ethos, Alms, and Obj8ctNe8 a. Our etho3: a carlng school Servlng our lo¢al communlty and society St Christopher's prlmary pU￿OSe is to challengé and insplre every child and give them the best posslble start to their education and dov8lopment whilst supportlng our families through their child's early years of edu¢ation. Our ￿h0o1 and nursary comprlses happy, Gr98tiv8, and stlmulatlng settings, providing evory child with a broad and challenging educalon within a caring and secure famlty envlronment. We encourage mutual respect and understanding, Cooperation and tolerance of others, and place a strong 9mphasis on high standards of manner8 and good behaviour, The happy atmosphere of the Schcol promotes excellent relationships be￿een staff, pupils, and parents making far a warm, 8UPPOrtlve, and lively community. Our School Is CDmmttted to safeguarding and prornoting the welfare of our pupi18 and expects all staff and volunteers to sharo this commitment. We are an equal opportunity organlsation and are commttted to a working envlronment that is frèe from any form of discriminatlon on th8 grounds of age, disability, gender reas8ignmenl, marriage or civil partnershlp, pregnancy and matemity, race, rgliglonlb81ief, sex, and sexu81 orientation. We will make reasonable adjustments to meet the needs of staff or puplls who are or become d￿Sabled. P8ge 2

st ChTi8toph8rfs School Trust (Epsom) Umlted (A company limited by guaranteo) Trustees. report (¢ontlnued) for the year ended 31 AugU8t 2024 Eth08, Alms, and ObJ6¢tlves (contlnued) b. Our Alms Our aim is ft)r our children to leave St Christopher's as independent. hlghly motivated, and engaged learners. Our approach Is b8sed on our values of excellence, empafhy, and endeavour. Our values are supported by the pillars of respect, kindnass, integrity, creativity, courage, and resilience. We do thi8 by: Providing a happy, safè, and stimulating envlronment whor6 our diversa community thfves. C&refully planning each stage in our young children's development, Building effg¢tive partnerships with parents and guardians, visitors, and outside agencies through clear and careful communicatlon. Providing an ambitious, craative, and inspirational cu￿1¢u1Urn and Go-curriculum whl¢h enable our ¢hlldren to b8coft)e successful lifelong learners. Ensurlng equalty and equty of opporiunity are a drlving force to gnsure all the n8ed$ of our young children are met. c. Our Obje￿*Ve$ The primary objectNe, as set out in the Memorandum and Articles of Associatloh, IS to promote the advancement of education, including (but not limited tol the provision of preparatory schools (whether for boys, girls or co-educational) in any part or parts of the Unit8d Kingdom. In setting our objectives and planning our actlvities, the Governors have considered th@ Charity Commission's public benefit guidance. our key objecfjves for the year included.. Continue to enhance $8feguardin9 Stwclures and procedures, focuslng on trainlng stsff in new safgguarding So￿are (CPOMS), embedding protocols for online ssfety and promoting a prajudice.fre8 environment through the integratlon of Equality, Diversity and Incluslon (EDI) audit outcomes. Community and charttable engagement- Build on Strong community ties and expand fundraI8ing efferts, ensuring active Involvement in charitable initiatives. Following our last successful ISI Compliance Inspection, maintain readlness for the next inspgctlon through ongolng r8view and updatlng compliance standard8. particularly in safeguarding, mental heslth ané18arning support. Maxlmising facllities and learning envlronm6nts. Compl&t8 the curriculum ￿VIeW with a focus on embedding a refreshed science and IT Curriculum, enhanclng mental h8alth and wellb@Ing educatlon and ensuring all children's leaming needs are met. Develop and Implement an updated teaching and leaming policy grounded in robust pedagogical research. Focus on new initlatives such as outdoor lèarning and metacognition. Celebrate the successes and eXperIen￿S of pupils at St Christopherfs through diverse platforms, including soci81 media and community events, while further promoting achievements in academic, artistlc and sporting arena$. Enhance admissions processes to ensure a smooth 8nd welcDminy eXperIen￿ for prosp8Ctiva parents, buildlng on the success of hi9h conversion rates from school tour8 and open momlngs. Estsblish a comprehenslve and cyclical professional developmfjnt progr8mme, using platforms like the National College to support compliance and educational Improvements. Prioritise training in SEND, safeguarding and subject-specrfic leadershlp. Strengthen the school's focus on wellbeing, equity, dlversily and inclusivlty (WEDI). ensuring these princlples are reflected in all polici98. procedures and daily practlces. Page 3

St Chrl8tophèVs School Trust {Epsom) Llmited {A company limited by guaranfee} Trustees, rpport (¢ontlnued) for the year endod 31 August 2024 Ethps, Alms, and Obje¢tlves (contlnued) d. Stratogy and Pollole8 The Governon8 are responsible for setting a strategy for achieving the objectives they have set. The focus of our 8trategy Is on the development of our pupils, their continued high levels of academic and ¢c¢urrlcular achievement, their happiness and wellbeing and to furtherwlder access to the education our School provides. In taking forward our strategy we: revlew and benchmark the School's curriculum, teaching practices, and aGademlc achlevements ensure the range of co-curricular activtties available to our pupils 18 Stimulating and challenglng wh118t specifically working to 6nsur& the wellbeing of Dur pupils. invest in technology and the infrastructure of our school. continue to revlew and devek)p our m8thods for awardSng bursaries to ensure wider access to pupils from all backgrounds. e. Acc8S8 poIIcy st Christopher's is part of a wid8r community and we encourage our 8taff and pupils to engage and participate. f. Bursary policy The Governors view our bursary award8 as important in helping to ensure childran from families who would otherwise not be abl8 to afford th8 fees can access the educatlDn we offer. Our bursary awards are available to all who meat our general entry r2quirements and ar@ made solely on the basis of parental means or to relieve hardship whero a pupil's education and future prospects would otheTwise be at rlsk for example in the case of redundancy or bereavement. In assèssing means, we tske séveral factors into account including family incDme, investments 8nd savings and family circumstance8. However, our Schcol does not have 518r9e endowment and in funding our awards we have to be mindful that we must ensure a balance between fee•paying parents, many of whom make considerable personal sacrifice to fund their child'8 education, and those benefiting from Ihe awards, This year, bursaries of £Nil (2023 - £13.311) were pald. We received no 8ppllcations for bursarles in the year and the previous three beneficiaries all completed thelr sthooling in 2023. The Govemors remain commltled to wldening access to our school through the abov8 subsidiès, addilicnally to underline the value we place on continuity for famllies, we offer sibling discounts whèft parents have more than one chlld at the School. Page 4

St Christopher's School Trust {Epsom) Llmlted (A company limited by guarantee) Trustpes. report (contlnugd) for the year 8nd8d 31 Augu8t 2024 Aehlevements and p¢rforman¢o a. R•v10w of the yaar The past academic year at St Christopherfs School and Nursery has beèn marked by Success across all areas. With a continued commitment to excellence, the School has achieved outstanding results, celebrated creative endeavours and continued a culture of belonging £nd community. Ourjourney over the year reflgcts 8 shared dediGatlon to nurturlng the potential of every child and creating a vibrant, supportive onvlronment where everyon8 thrives. Acadgmic81ty. our pupils have demonstrat8d remarkabl8 progress, with 94% of Year 2 students achigving expected levels in readlng and 44Q/ts reaching mastery. These resutts slgnificantly pxceed natlonal averages, Our children have successfully secured places at their next schools of choice, including prestigiou8 Institutions, refiecting the strong foundation they receive at st Christopher's. The year saw comprehensive Intsmal review8 across curriculum, safeguarding and mental health. These efforts hsve enh8nced our policies, identif18d areas for innovetlon and ensured our educational environment 18 inclusive, secure and forward-thinking. Highlights include introducing a refreshed science curriculum, embedding technology into learning and adoptlng new gtandardSsed assessmènts to better track and support student progross, Our ￿lebratIOnS extended beyond acad8mlcs, embta¢ing the arts, community engagem&nt and 8POrtlng. The ISA Regional Art Competition brought homg multiple flrst-place aw8rds, whil8 our children captivated parent audiences through productlons, con￿rtS and talent showcases. Events like our 85th Annlversary celebrationg and themed school doy8 added joy to a year fllled wlth memorable moments. Highlights Academlc a¢hlevements Outstandlng Year 2 endpof-y8ar results with 94% achleving expected level$ in readlng and 44% at mastery. ExcEption?I perfomiance in the ISA Reglonal Art Competition with four first-place prizes, EYFS perfomigd the production Hats Off," showcasing ta18nt and enthusiasm. Regi¢nal and nstional reCOgni￿On for creatfve artwork. Choir accolades at Purfey and Coulsdon Music Festlval. Talent Show during St Christophels Day as part of our 85th-year celebrations. S¢lenc9 RSPB Big School's Bird Watch engagement wlth a parenl-led workshop. Space-themed House Event for National Space Day with rock&t creations. S¢lence curriculum enhancement through new poli¢i8s and learning resources. Currlculum Introduction of a refreshed IT and Science curriculum. Focus on mental health and wellbeing through curriculum rftvlews. Cofttinued 8uccèss of the phonics 8ch8me. Events 85th Anniversary ¢61ebrdtlons includinp a May Ball. Talent Show and themed events. Memorable assemblies such as the Hawest Festival and Winter Concert. Pag8 5

St Christophorfa School Trust (Epsom) Llmlted (A company Ilmited by guarants6) Trustees, roport (contlnuad) for the year ended 31 Au9U8t 2024 Achlevements and performancp (contlnued) Enriching workshops like African drumming for Black History Month. CommunltylParèntg Regular PTA events such as a the Chrisknas Falr and Easter Bunny visit. Informatlve parent workshops including those by clinical psychologists. Grandparent vi8it8 and engaging open mornings. Charity and Fundrnlslng £1.700 for The Children's Trust through festive Elf Race. M&cmillan Coffee Morning brought parent8 and staff together. PTA-organised Valentine's Disco and Summer Falr. Children visitlng the local old pwples home to chst and slng to the residents. Volunt8ering in the communlty, staff assistlng In the Epsom Age Concern Easter Egg Hunt evenl. Charlty-linked events, such as the Harvest Festival and carol slnglng ratsing funds for tho local hospital, contrlbuting the wider school community. FinanGlal reviow a. Prlnelpal fundlng Th8 State of the School affairs at 31 $t August 2024 and its opèrations for the year ended on that date are 8et out in the attached financial statements. The School made a surplus for the year of £85,837, (2023- £152,092). The princlpal Sourca of income is fees and related income, accounting for 99¥0 of the School's income. The Governors are contlnuing thelr strategy of deploying a significant proportlon of net Incoming resourc88 to invest in the educational purposes and fabric of our Nursery and Pr&Prep, As a charlty, the parents of our puplls have the assurance that all Ihe inGome of the School must be applied for educational purposes. As an educational charfty, we benefit from tax gxernption on our educational activit188 and on our investment Income and gains, provided these ar8 applied for our ch8rStable aims. In addition to the very substsntial benefits our school brings tc our pupils, the local community and society through the educatlon we offer. our bursary programme and our 'teaching links, programme create a social 8sset without cost to the Exchequèr. b. Reservés poll¢y The Governors regularly review the finanees, budgets and cash flows as part of their stewardship of the School. As part of this review, the Govemor8 revlew the level of r8serve8 at laast annu8lly in Ilne with guidance issued by the Charity Commission. The School is solely rellant on its f66 income to sustaln its activities. The Governors recognlse that thÈ appropriate level of reserves may fluctuat8 during periods of investment or due to changes in our fee income, as a result of unexpected fluctuations in pupil numbers. Paye 6

St Chrfstoph¢rfs School Trust {Epsom) Limltod (A company limited by guarantee} Trustees, report (Gonlinuod) for Iha year ended 31 August 2024 Our reserves policy and the amount held as reservgs18 adjusted as our porc&ption of any flnancial risk and other factors change. The level of reserves k8Pt is bssed on two factors',- 1. General Reserv88 to provide for unexpected and unprodictsble needs. 2. Designated Capital ReseNes established in order fo fund capital expenditure and other investmonts that would not be affordable if financed from a single year's income. At th8 end of our financlal year 2023124 total funds were £1,686,583 (2023.. £1,600,746} of which totsl unr6Stricted funds were £1,685.250 (2023: £1,599,413) and totsl restricted funds were £1,333 {2023.' £1,333). The closing value of our tanglble fixed ass9ts was £394,980 (2023.. £435,989), leaving £1,290,270 (2023: £1,163,424) as free reseNes. Designated Capital Resérves - currently we have allocated capital reseN88 of £100,DOO to 8 roof repalr fund. General ResÉrves are set at a target range of 6 months of operating costs (c£880,000). The Governots feel that 6 months, reserves is the appropriate level of time in order to allow them to assess and monitor the requirements of the School and to adapt to any significant financial changes. These reserves wlll ensure the continuity of our Gervice provision and allow us to fulfil our responslbllities to our pupils and stsff. We are currenty above the targ8t, but these r88aNes sre expected to be used as outlined b810w. The Govemors have Invested substantial sums into the School in recenl years and have a ¢ontinuin9 programme of refurbishment and investment identified in our School Devglopment plan to maintain and Improve the exGe118nt t8aching fa¢ilFti88 for our pupils and ensure the continuing viability of the School, G. Inve8tm•nts pollcy The Memorandum and Articles of Association of the Trust give the Gov8ming Board the power to invest moneys not immediately required for its purposes in or upon such investments which It deems fit. The Board looks to maxlmise return whilst ensurlng there is dlversification of fvnds so 88 to reduce the School's counterparty risk. Diversification is achieved by holding a variety of deposits in different institutions that give 8ccess over a range of perlods. short notice, 32 day nolice and longer term fixed tetm deposits of up to 12 months. Funds are allocat8d between these deposit lengths in lin8 with School's predlcted working capital requirements. d. Going concern After making appropriate enquiries, the Trustèes have a reasonable expectation that the charity has adequate resour￿ to continue in operational exlstence for the foreseeable fUt￿re. For this rea80n, they continue to adopt the golng concern basis in preparing the financial statements. Further detalls regarding the adoptlon of the going concern basis can be found in the accounting policies. structure, governance and managoment Constitutlon st Chrlstopherfs School Trust (Epsom) Limited És registered as a charitable company limlted by guarantee and was set up by a Memorandum of Association (10 December 1964), and a deed of trust {1965}. The Govemors, both as directors of the company and as the tru$tses, are legalty responsible for the management of the charity. They are responsible for the management, operation, and overall control of the charity. including all mslters relatlng to financi81 govemance and grant rna￿ng. Fees are set at a level to ènsure the accesslbilty and financlal viability of the school and at a level that is consistent with providing a first-class ucatlon to boys and girfs. Page 7

st Chri8tophor'8 School Trust (Epsom) Limtted (A ¢ompany Ilmlted by guarantso) Trugtees. report (¢ontlnued) forthg year ended 31 August 2024 structurog governance and management {¢ontlnued) Governors, meetlngs, to which the Headteachar, Bursar, and Deputy Headteach6r are invited, t8k6 place a minlmum of three times a year. At those meetings, representatives of the Paront8' Association are invited to attpnd for speclfic items. If an agend8 item requires addltSonal information, teaching staff may be Invlted to attend the rneeting to dis¢uss a specific issue or present on areas of the currsculum. Additional meetings are held by the Finance committee, the Health & Safety group, the Safeguarding group, and the Compliance group. The School bursar Is al80 the Clerk to Governors and is responsible for co-ordlnating the work of the Govemors and th8ir Committee8 and Group8, preparatlon of papers and mana9ement accounts and the revlew of matters arising. . management per60nnel The Governors together with the Hesdteacher, the But3ar, tho Deputy Head and Asslstant Head comprise th key management personnel. The pay and remuneration of the Headteacher and all staff is set by the Finance Committee and Is kèpt under annual review. A number of Criteria are used In setting pay: nature of tho role and responsibilities average sslaries for comparable positions trends in pay performance of stsff c. organI￿tIOnal managomgnt The Governor8 detarmine the general pollGy of the &hool and review ts overall management and control for whiGh thèy arg legally responsible. The day-to-day running of the School Is delegated to the Headtsacher, supported by the Senior Management Team {SMT). The Headteacher undertakes the key leadership role overseeing educational, pastoral, and adminlstrative functions in consultats'on with the SMT. The day-to-day admffinistration of the Nursery and Pre-Reception is undertaken within the policles and prO￿dureS approved by the Governors. Any Significant expenditure decisions and major capital projects are referred to the Governors for prior approval. d. Risk management Tre Govemors are responsibL8 for the tsverseeing of the rlsks faced by the School. Detailed considgration of the risks is delegated to the Senior Management of the School. Risks are identified, assesstsd and controls established throughout the year. Risk is managed under the headings of financial sustainability, school safety, pupll welfare, empbym9n( school trip8 and events and community access. The main risks that the Governors have Identifled and the plans to manage those risks are: Reputation: The School's success is built on its reputation for the education and well-being of our pupi18, We manage this risk through Safeguarding policies and procedures, staff safer recruitrnent policies, pastoral 8UPPOrt for pupils and staff, active id6ntlfication and resolution of health and safety related issues and table- top exerGises of our Crltieal Incident procedure. Finances: Our abllity to contlnue is reliant on pupil fees and the ability to pay bills as they fall due. Thi8 risk is managed by marketlng acbvity, having o reputation for academi¢ excellence, active cash-fk)w management, and our Reserves Pollcy. Currlculum.. Academic excellence requir8S the most able tsachers with state-of-tha-art facillties dellvering the curriculum to able puplls. We manage this risk by combining attra￿1ve salaries, on-going investment in our premlses and staff CPD, an approath to enrolment that works with supportive parents whose chlldren have a love of learning and 8 bursary scheme that enables aGce$slbility. Pag8 8

st Chrl$tophefs School Trust {Ep80m) Llmitad (A company Ilmltsd by guarantee) Trustees. report (continued) for the year 8nded 31 August 2024 Structur01 governanco and managgment (contlnued) The Governors are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognlsed that systems can onty provide reasonable but not absolute assurance that major risks have been adequately managed. •. Governor recruitment and tralnlng Board members are elected at a full Governors, meeting and normalty hold office for 8 minimum of 5 years. There may be no more than 15 and no fewer than 5 Governors. At eath Annual General Meeting one-thlrd of the members of the council (or if th8ir number is not a multiple of three then the nearest number to one-third) must retlre. The member8 who must retire are those who have been longest in office since their appointment or re- alection. A retiring member of the council is eligible for re-eleGtlon. A new trustee undergoes a full inductlon process and competence Is maintained through 8CC88S to a variety of tralnlng media. All trustees glve their time freely and no remuneratton was paid in the year. Governors are entitled to claim rea80nabl8 expenses Incurred through attending relevant training courses. No Governor ¢r person connected with a Governor recelved any benefit from means tested bursaries awarded to our pupils. Govemors are Invit8d to school functions and also conduct focused vi8lts to the School during the School day to gain an under8tsnding of the taaching and administration m8thods. Th& Governing body requires depth and breadth of experience to carry out its duties effertively and efficiently. We recruit new trustees that have a passion for St Christopher's, an und6r8tanding of the Importance of edu¢atlng the whole thild and ensuring the happlness and well-boing of all pupils. We invite past Parents and other suitably qualified personnel to consider Jolning our Board. Governors consider that the skllls and 8xperi8nce of the Board should comprise th8 followlng,, A Governorwith a leg81 background A Govemor with a financiavaccounting background A Governor with educ8tlonal experience A Govornor wlth senlor managerial or business 6xperience A Governor with axperience of equal oppcrtunities or disability needs f. Mgmber8' Ilabillty The liability of each of the memberd {who currently number 10) is limitsd to an amount not exceeding £1.05 in certain terms de8crib8d in thè Company's Memorandum and Articles of AssociatlDn. Plans forfuture perfod8 The Governors intand to continu9 their current strategies of malnlainlng the School'5 Positlon in a competitlve market by investing to provide high-quality education for our pupils. Achieving a high standard of academlc results, whilst maintalning the breadth and depth of the education provlded and the h8ppine8s and well-being of our pupils. is a constant aim. We remain committed to providing training Opportunities to ensur8 the CPD of all our staff and govemors. The Headteacher, SMT and Subject CO￿rdInatorS contlnue to review the Gurriculum to ensure that the educational qualificatlons remaln appropriate for our pupils, devglopmènt. Page 9

St Chrtstophefs School Tru8t (Epsom) Limited {A Company Ilmlted by guarantee) Tru8te88' report (Continued) for th8 year ended 31 August 2024 Plans for future porlods (contlnued) Our future plans ar& financed prlmarily from fee inccme and from our reserves. The Governors need to maintain an equitablé balance ensuring our currant pupils benefit whilst, at the same tlme, ensurlng a sound infrastructure and financial bsse are preserved for the nexl generation of pupils In the same way as our current pupils benefrt today from the investment In the pa8t. The Governors view our bursary awards as Important in widening acce$8 to thé education our school provides. The Governors have revlewed Dur Bursary Award8 pollcy to ensure that ellgible children can accept offers of places al our school through the availability of means tested fee assistance. W8 have reviewed the earning thresholds applied to our bursary awards. Malntaining and developing the fabric 8nd facilities of the School remain central to our Strategy. Inforniatlon on fundralslng praGtiC88 Thè sthool recognises the contrlbution made by Its supporters, with voluntary donations belng a valuable part of the school's Incoming reSoUr￿s. All fundraising activity is carried out by the PTA which is led by an elected ommitt8e of parents and operates independently from the school. Thls group raises money ft)r the school through events and activlties which are voluntsry 8nd adverttsed in a non-lntrusive manner. The school d088 not Lrtilise th¢ services of any external commercial futldraisers. Glven that the majority of donations are from parents of current pupils, either direct or through the PTA, and only limlted fundraising activity takes plac8, the school does not consider it necessary at thls time to subscribe to a fundraising regulator. Stat¢ment of Trusteos. r08ponoibillti88 The Trustees (who are also the directors of the charity for the PUTpo898 of company law) are resptsn3ible for preparing fhe Trustees, report and the flnan¢ial Statements Sccordance with applicable law and United Klngdom Acccunting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financlal , Under company law, the Trustee8 must not approve the financial statements unless they are satlsfied that they give a true and fair view of the state of affairs of the charity and of its incomihg r880uros and appllcation of resources, including its Inwme and expenditure, for that period. In preparing these financial ststements, the Trustees are required to: 8glect suitable accounting policies and then apply them consist6nÉly, observe the methods and princlples of th8 Charities SORP (FRS 102)., make judgments and accountlng estimates that are reasonable and prudent. stat8 whether applicable UK A¢counting Standard5 (FRS 102) have been follow8d, subject to any matarlal departures di8Glosed and explained In Ihe financial statem8nts; prepare the financial statements on th8 going concern basis unless it is inappropriate to presume that tha charlty will continu6 in business. The Trusteas ar6 responsible for keeplng adequate accountlng records that are sufflcient to show and explain the charitW8 transactions and disclose with reasonable accuracy at any time th8 financial positlon of the charity and enable them to ensure that the financial statements comply wilh th& Compani88 Act 2006. They are also responsible for safeguarding thè assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities, Page 10

8t Chrlstopher'8 School Trust (Epsom) Llmlted (A Company Ilmlted by guaranto6) Trustees, report (contlnued) for the year ended 31 August 2024 Dis¢lo$uro of infornlatlon to audltor Each of the persons who are Trust888 at the time when this Twstg85' report is approved has confirmed that: so far as that Trustee Is aware, there is no relevant audit informatlon of whlch the ch8rlty'S auditor is unaware, and that Trustee has taken all th6 Steps that ought to have been takèn as a Tru8tee In order to be aware of any relevant audit information and to establish that the ¢harity8 auditor is aware of that information. Audltor The auditor, Kre8ton Reeves LLP, has indlcated their willingness to contlnue In offt¢e, The d88ignated Trustee$ will propose a motion reappolnting the auditor at a meeting of the Trustees. Approved by order of the member8 of the board of Trustees and signed on their behalF by. MrA D Roiierts (Chair) Dale. frt Dkn-Lk go z5 Page11

St Chrl$topher's School TN8t (Epsom) Llmitsd (A company Ilmited by guarantee) Indepéndent audttows report to thg Members of St Chrl8topherf8 School Trust (Epsom) Limtted Oplnlon W6 have audited the flnancial statements of St Christopher's SGhool Trust (Epsom) Limlt6d (the '¢h8ritable company) for the year ended 31 August 2024 which ¢omprise the Statement of financlal sctlvities, the Balance Sheet, the Statsment of ¢ash flows and the related notes. includlng a summary of significant aC￿unting policies. The financlal reporting framework that has been 8pplied in thelr prepa￿tIOn is applicable law and United Klngdom Accounting Standards, Including Financial RgF)Orting Stsndard 102 'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, (United Kingdom Gen8rally Accepted Accountlng Practlce>. In our opinion the financlal ststemenfis: give a true and falr view of the state of the charltsble companVs affairs as at 31 August 2024 and of its incoming resourc8s and application of resource3, Incjudlng its income and expenditure for the year then hav6 been properly prepared 8ccordance wlth Unlted Kingdom Generalty Accepted Accounting pr8ctl¢e,' and have been prepared in accordante wlth the requirements of the Charities Act 2011. Ba818 for opinion INe conducted our gudit In accordance with Intemational Standards on Auditing (UK) (ISAS (UK}) and appli¢abl8 law. Our responsibilities under those standards are further described in the Audltor's re8pon8ibilitie5 for the audit of the financial statem8nf8 sectlon of our report. We are Independent of the charitsble comp8ny in accordance with th6 ethical requlrements that a￿ relevant to our audit of the financi81 statsm6nts in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethloal respon8ibillties In a￿ordanCe with the3e r8qulrem6nts. W8 belleve that the audit evldence we have Obtain￿ 18 sufficient and appropriate to providè g bas15 for tsur opinlon. Ctsnclu8ions relatihg to golng con¢em In audÉting the fi'nancial stafam8nts, we have concluded thst the Trustee8' use of the going conGern basis of aC￿UntIng in the preparation of the financS8l statements Is appropriate. Based on the work w2 have perfomied, we have not identified any material uncertainties relating to events or conditions that, Indlvidually or collectively, may cast signiflcant doubt on the charltable company's abllity to continue as a going concern for a pprlod of at least tW61ve months from when the finand81 ststements are authorlsed for is8ue. Our rè$ponsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 12

st Chr18topherf8 School Trust (Epsom) Llmlted {A company Ilmlted by guaranteo) Independent audttor's report to the Mombern of St Christopher's School Trust {EP8om) Llmlted {contlnued) other Informatlon The othar information comprl8e8 th8 inforrnatlon Included in the Annual report other than the financial statements and our Auditor's r6POrt thereon. The Trustees are responsible for the other information ¢onlainèd within the Annual report. Our opinion on the financi81 statements does not cover the other infomiation and, ex￿pt to the extent otherwise explicitly stated In our report, we do not express any fomi of assurance conclusion thereon. Our responsibillty Is to reaLI the other infomiation and. in dolng 80, conslder whether the other inft)miatlon Is mat9rially inconsistent with the financial ststement8 or our knowledge obtalned in the course of the aud1( or otherwlsg appears to be materially misststed. If we Identify such material Inconsistencies or apparent material mi88tateMents, w@ are required to determine whether this gives rise to a material misstatemént in the financial 8tatements themselves. If, based On the work we have perfo￿￿&d, we conclude that thgr8 is a material misstatement of thls other infomation, wa are required to report that facL We have nothing to rewrt In this regard. Matters on whlch wo are requlred to report by exGeption We have nothing to report in respect of thÈ following matters where the Charltles (￿count6 and Reports) Regulation8 2008 requir86 YS to report to you if, in our opinlon: the informatlon given in the Tru8te&s' report is incon8lStent In any materfal respect wlth the financial 8t8tements,' or sufficient accountlng records have not béen kept; or the financial statements are not in agreement with the a¢countlng records and returns,. or we have not re￿iVed all the infomiation and explanations we require for our audit, Re8pon$lblllti88 of tru8tae8 Aa explalned more fully In the Trustees, responsibilities 8latsment, the Trusteeg (who are 8180 the directors of the Gharltabte company for the purposes of companylow) are responsiblg for the preparation of the flnan¢lal slatements and for being sali8fied that they giv6 a true and fair view, and for such internal control as th8 Trustees d8temiine is nece58ary to enable the preparation of financial statements that are free from rnaterial misst8tem8nt, whether du8 to fraud or errcr. In preparing the financial statements, the Trustees are responsible for a88essing th8 charitable company's ability to continue a8 a going concern, disclosing, as spplicable, matters related to going concern and using the going concem basls of accounting unle8S the Trustees elther Intend to Ilquidate the charitable company or to c¢ase operations. or have no realistlc 8Ftemats've but to do so. Pag8 13

st Chrlstophers School Trust (Epsom) Limltad (A company Ilmlted by guarantee) Indepandont audltorf8 report to the Members of St Chrlstophevs School Trust (Epsom) Limlt8d (continued) AudltoV$ r88pon8ibllities for the audlt of the financlal statements We have been appointed as audltor under saction 144 of the Charities Act 2011 and report in 8ccordance with the Act end relevant regulations made Of havlng effect thereunder. Our objectives are to obtain ressonable assurance about whether the finanGial ststements as a whol@ are fr6e from material misstatement, whether due to fraud or orror. and to issue an AuditoVs 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 a￿ayS detect a matèri81 mi88tatem8nt when it exists. Misstatsments can arise from fraud or error and ar8 considered material rf, individualty or in the aggregate, they could reasonably be expected to influence the economic decislons of users taken on the basis of these financial statements. Irregularities, Includlng fraud, are Instances of non-compliance with laws and regulatlons. Wè deslgn procedures in line with our responsibilities, outllned abovg, to datect material misstatements in respert of Irregularities, includlng fraud. The extsnt to whiGh our procedures are capable of detecting irregularities, including fraud is detailed below: Capability of the audit In deteohng i￿ellula￿￿eS, Including freud Based on our understanding of the charitable company and Sector, and through discussSon wlth the Governor8 and other management (as required by auditing st8nda￿s), we identifled that the princlpal risks of non- compliance with laws and regulations related to safeguardlng, health and safety legislation and employment law. We ￿nsidered the extent to which non-compli£n￿ might have a matsrial effect on the financial statements. We also considered those laws and regulations that have a direct impact on th8 preparatlon of the financial statements such as the Companles Act 2006, Charitie8 Statement of Recommended Practice, taxatlon and pension legislatton. We communicated identified laws and regulations throughout our team and remained alert to any indications of nonwcompliance throughout the audlt. We evaluated managemenys iDcentive8 and opportunities for fraudulent manlpulation of the financial statements (including the risk of override of controls), and detemiined that the princip81 risks were related to management bias in accounting estimates and judgemental areas of the financial stat8m8nts. Audit procedures performed by the engagement team Includ￿1. • Discussions Wlth management and assessment of known or suspected Instance8 of nonwmpliance with laws and regulations (including safeguard5ng, health and safety and employment) and fraud, and review of the report8 made by management; and . Assessment of identified fraud rSsk faGtor6,' and Challenging assumpti¢ns and 5udgemants made by mana9ement In 5ts slgnrficant accounting estimates. and . Confinnation of related parties with management, and revlew of transactions throughout the period to identity any previously undisclosed transactions wlth related parties outslde the normal ¢ourse of busine98; and • Reading minutes of meetings of those charged with govemance and reviewing correspondence with relevant tax and regulatory authorbties; and • Revlew of significant and unusual transactions and evaluatlon of the underfylng flnanclal ratlonale supporting the transaGtions', and Idfrntifying and testing journal entries, in particular any manual entrÉes made at the year end for financial Btatement preparation. Because of the Inherent limitatlons of an audlt, there is a rlsk that we will not detect all irregularitles, including thoselgading to a material misstatement in thé financial statements or non-compliance with regulation. This risk incr8a8es the more that compliance with a law or regulation is r8moved from the events and transactions reflected in the financkal 8tstements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarcling irregularities occurring due to fr8ud rather than error, as frsud involves intentional concealment, forgery, Collusion, omission or misreprasentatlon. As part of an audit in accordance with ISA8 {UK), we exercise professional judgment and maintaln professional sceptiGi8m throughout the audit. Page 14

St Christopher's School Trust (Epsom) Limited

(A company limited by guarantee)

Independent auditor's report to the Members of St Christopher's School Trust (Epsom) Limited (continued)

We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company'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 charitable company'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 charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Kreston Reeves LLP

Chartered Accountants Statutory Auditor

Horsham

Date: 20 March 2025

Kreston Reeves LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 15

st Chrlstopher's School Trust {Ep$om) Llmited (A company limitod by guarantee) Stat•m8nt of financial aGtiviti8s {inGorporating incomo and axponditure accounti for the year Ènded 31 August 2024 Unrastrlcted funds 2024 Restrl¢ted funds 2024 Total funds 2024 Total funds 2023 Noto Incom6 from: Donations and legacies Charitable aclivitles Investments 10,000 1,949,797 16,961 3,006 13,006 1,949,797 16,981 14,074 1,898,220 6,589 Total In￿m9 1,976,758 3,006 1,979,764 1,918,883 Expendlture on: Charltable activities 1,890,921 3,006 1,893,927 1,768,791 Total expenditure 1,890,921 3,006 1.893,927 1,766,791 Net movemant in fund$ 85,837 85,837 152,092 Reconclllatlon of fund$: Total funds brought forward Net movement In funds 17 1,599,413 85,837 1,333 1,600,746 85,837 1,448,654 152,og2 Total lunds ¢arrfed fornvard 17 1,685.250 1,333 1,686,583 1,600,746 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 20 to 36 fomi part of these financial statements. Page 16

st Chrlstopher's S¢h•)ol Trust {Epsom) Llmlted (A Company limlted by guarantee) Registered number". 00830735 Balanc8 she9t as at 31 August 2024 2024 2023 Note Flxed assets Tangibl8 assets 14 394,980 435,989 394,980 435,989 Current assfrt$ Stocks Debtors Cash at bank and in hand 2N27 388,224 1,674,708 1,081 374,082 1,542,787 15 21 2,065,359 1,917,950 Credltors,. amounts falllng due wlthln one year {773,756) (753,193) Not current assels 1.291,6Q3 1,184,757 Total ass2ts less current Ilabllltles ,686,583 1,600,746 Total net assets 1,686,583 1,600,7418 Charity lunds Restricted funds Unrestrict6d funds 17 17 1,333 1,685,250 1,333 1,599,413 Total funds 1,686,583 1,600,746 Pag8 17

St Chri8toph8r'$ School Trust (Epsom) Limited (A company limited by guarantee) Règistered number: 00830735 Balance 8ho8t (contlnued) a8 at 31 Augu8t 2024 The entity wa8 entitled to exemption from audit under section 477 of th? Companies Act 2006. The members have not required the entity to obtain an audit for the ye8r in question In accord8nGe with sectlon 476 of the Companies Act 2006, Howover, an audit is required In accordance with section 144 of the Charities Act 2011. The Trustees acknowledge their responsibilit1è5 for complying with thé requlrements of the Act with respect to accounting records and preparation of financlal statements. The financial statements hava bean prepared in accordance with the provisions applicable to entlties subject to the small companles reglme. The financial statement8 were approved and authorised for issue by the Trustees and sSgned on thelr behalf by.. MrA D Roberts (Chair) Dats: The not68 on pages 20 to 38 fom part of these financial Statements. Page 18

St Chrlstopherfs School Trust (Epsom) Llmtted (A company limited by guarant•a) Sfatemant of cash flow8 for the year ènded 31 August 2024 2024 2023 Nots Cash flows from operatlng actlvltles Net cash us8d In operating gctivities 121,553 231,257 Cash flow$ from Investing a¢tlvitles Divldends, Intar6st8 and rents from Investments Purchase of tangible f￿ed a?8ets 16,961 {6,593) 6,589 (10,950) Nel cash provlded byl{u6ed In) Investlng actlvltlo8 10,368 (4,361) Change In cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year 131,921 1,642,787 226,896 1,315,891 Cash and Cash equlvalents at the end of the year 20 1,674,708 1,542,787 Thg notes on pages 20 to 36 fom p8rt of these financial 8tatemant8 Page 19

st Christopher's School Trust (Epsom) Limited (A company Ilmtted by guarantee) Notes to thg finan¢lal statamènts for the year ended 31 August 2024 General Infom)atlon St Christopherf8 School Trusl is a private company limited by guarantee, incorporated in England. The regislered office and princlpal place of business 18 6 Downs Road, Epsom, Surrey, KT18 SHE. The princlp81 activtty of the charity continues to be the provision of pre-preparatory school and nursery for girls and boys up to the age of 7, Accountlng pollcles 2.1 Bas18 of preparation of firtancial 8tstements The financial statements have been prepared In accordanc8 with the Charities SQRP (FRS 102) Accounting and Repo￿.ng by Charlties: Statement of Recommended Practlce applicable to charities preparing their acGounts In accord8noe with the Flnantial Reportin9 Standard applicable In the UK and Republic of Ireland (FRS 102) (eff6Ctive 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ire18nd (FRS 102) and the Compani88 Act 20Q6. The financial ststements are prepar8d in Sterling {£) and round8d to the nearest £1. St Christopher's School Trust IEpsom> Limlted meets the definitlon of a publlc benefit entity under FRS 102. Assets and liabilities are inttially ￿COgnISed at historical cost or transaction value unless otherwise stated in the relevanl accounting policy. The 8ignificant aGcounting pollcies applled in the preparatlon of these flnanclal statèments are set out below. These policies have been consislently applied to all years pres&ntsd unless otherwise sta18d. 2.2 Going concérn Having reviewed the funding faGilities avallable to the school together with the expected ongoing dem8nd for place9 and the school's projected ca8h flows, the Governors have a reasonable expectation that the school has adequate resources to continue its actlvities for the foreseeable future and consider that there are no material uncertainties over th8 school's finanGial vlability. According￿, they continue to adopt the going conGem basis in preparing the financlal ststeménts. 2.3 Income All income is recognised once the charity has entitlement to the income, it is probable that the Income will be recelved and the amount of Incom6 reoetvablp can be mgasurgd reliably. ncome from government grants 18 recognised when the School ha8 met the conditlons or incurred th8 expenditure attaching to the granl and It Is probable that the grant wlll be received. Wherè invoices are ralsed before the year end in relation to the following year, they ar8 included as deferred Income. Page 2D

St Chrlstopher's School Trust {Epsom) Llmlted (A company Ilmlted by guarantee) Note8 to tho financlal 8tatement8 for the year ended 31 August 2024 A¢¢ountlng pollcles (contlnued) 2.4 Expendlture Expendlture 18 recognlsed 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 classifled by actlvity. The cost8 of each activity are made up of the total of direct costs and shared costs, includlng 8upport costs InvoEved In undertaking each activlty. Direct costs attribulable to a single activity ar8 allocated direct5y lo that activlty. Shared costs which contribute to morg than one activity and support costs whlch 8re not atlributabl8 to a singl8 activity are apportioned between those activities on a basis consistent wlth the us8 of re8ourc8s. Central Staff costs are allocated on the basis of time spent, and dèpreciation charges allocated on the portion of the asset's use. Govemance costs are those incurred in connection ￿th administration of the charity and compliance with constitutional and statutory requirements. Expenditure on charitable 8Ctivitl88 Inelude8 school operatlng costs such as teaching, welfara, premises 8nd support costs. All expenditure is inclusive of irr8coverabl8 VAT. 2.5 Intore8t r8ceivable Interest on funds held on deposit is Included when receivable and the amount can b8 m8asured reliably by the charity., this is normally upon notificab'on of th8 interest paid or payable by th6 Institution with whom the funds are depositsd. 2.6 Taxation The Charity Is considered to pass the tests set out in Paragraph 1 Schedule 6 of th8 FInan￿ Act 2010 and therefore It meet8 the definition of a charftablg Company for UK corporation tax purposes. Accordingly, the ch8rity is potentlally exempt from taxation in respect of income or Capital gains re￿IVed within categories cov6red by Chapter 3 Part 11 of the CorporatlDn Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such Income or gains are applied exclusively to charItab￿e Pu￿Ose$. 2.7 Tanglble f￿ed assets and depre¢iation Tangible fixed assets costlng £1,000 or more are capitallsed and recognised when future economic benefits 8re probable and the cost or valu$ of the asset Gan be measured reliably. Tanglble fixed assets are initially recognised at cost. After recognition, und6r the cost model, tangible fixed assets are measured at cost less aecumulated depreciation and any 8ccumulaÉed impairment losses. All G05ts incurred to bring a tanglble fixed asset into its intended working condition should be included in the measurement of cost. Depreciatlon is charged so 88 to allocate the cost of tsngible fixed assets less thelr residual value over their estimated useful Ilves. Depreciation Is provided on the following bases., Freehold property Freehold Improvements Fixtures and fittings Computer 6quipment 2% straight line 5.1 ob/0 Straight line 20% straight Ilne 500/0 Straight line Page 23

St Chrl$tophgrf8 School Tru3t (Ep8om} Limlted (A company Ilmited by guarantee) Notas to tha flnan¢lal statèments for the year ended 31 August 2024 Accounting poliGie8 {continuod) 2.8 Stocks Stocks are valued at th8 lower of cost and net realisable value after making due allowance for obsolete and Slow-moving stocks. Co8f includes all direct costs relating to the purchase. 2ts D¢bto Trade and other debtors are recognised at th6 settlement amount after any discount offered, Prepayments are valued at the amount prepaid net of any discounts due. 2.10 Cash at bank and In hand Cash at bank and in hand indude$ cash and short-tèrm hlghly liquid investments With a short malurity of 12 months or less from the date of acqui5itlon or opening of the deposit or slmilar account 2.11 Liabllltles and provlslons Liabilities ar8 re¢ogni8ed wh8n there 18 an obligation at the Balance sheet date as a fftsult of a past event, it is probeble th8t a transfer of economic benefit wlll be requlred in settlement, and the amount of the 8etllement GÉn be estimated reliably. Liabilitks are recognisecl at the amount that the charity anticipatss it will pay to settl8 the debt or the amount it has r8C8ived as advanced payments for the goods or services il must provide. Provisions 8re measurad at the best estimate of the amounts requlred to settle the obligation, Wher8 the effect of the time value Cf money is material, the prDvision is based on th8 present valug of those amounts, dlscounted at the prfrtax discount rate that reflects the risks specific to the Ilabllity. The unwinding of th8 discount is recognised in tha Statement of financial ?ctivities as a finance cost. 2.12 Financial In8trumont# The charity only h88 financlal assets and financial liabilities of a kind that qU81ity as basic flnancial instNments. Basic financial Instrum8nts are Initl8lly recogni8ed at transactlon value and subsequent measurod at th8ir sett18ment value wilh the exception of bank loans which are subsequently measured 8t amortlsed cost using the effective interest method, 2.13 Oporatlng leases Rentals paid under operating lea*s are charged to the Statement of financial actlvlties on a stralght- line basls over the lease term. 2.14 Penslons The charity operates a defined contrlbution pension scheme and the pension charge repregents the amounls payable by the charity to the fund In respettt of the year. The charity is a member of a multl-employer plan. Where It Is not posslble for the Charity to obtain sufficient Infcmiation to enable it to account for th8 plan as a defined benefit plan, it accounts for the plan as a defined contributlon plan. Page 22

st Chrf$topher'8 School Tru8t (Epgom) Llmlted (A company Ilmlted by guarante8) Notes to thè flnanclal statements for the year ended 31 August 2024 Accounting policies (¢ontinuad) 2.15 Fund accountlng General funds are unrestricted funds whlch are available for use at the discretion of the Trustees in furtherance of the ganeral objectives of the charlty and which have not be&n designatad for other purposes. Designated funds comprlso unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and us8 of eatsh deslgnatsd fund is set out in the note8 to the financlal statements. Restricted funds are funds which are t() be used in aGctsrdan￿ with specific restrictions Imposed by donors or which have been raised by the charty for particul8r purposes. The costs of raislng and administering such funds are charged against the speclfic fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment Income, galns and losses are allocated to th8 8ppropriate fund. CTltlcal accounting o$timate& and artas of Judgment Estimates and ludgments are ¢on*'nualty evaluated and are bas8d on hi8toric81 experience and other factors, including expectations of future event8 that aro belleved to be reasonable under the ircumstance8. CritiQ81 accounting estimates and 8ssumptions.' The charity makes estimates and assumptions conG8rning the future. The resultlng accounting estlmates and assumptions will, by definition, seldom equal the related actual re8uIts, The estimates and assumptions that have a significant risk of causing a materlal adjustment to the carrying amounts of asyet8 and liabilities wlthln the next financlal year are dlscussed below. Estlmates are made in determining the u88ful live8 and r88ldual values of fixed 8&88ts when cslculeting the depreciatlon charge. Critic81 areas of judgm8nt.' Under component accounting the freehold buildings ore divided into major components which are Considered to have substsntially diff6r6nt u$eful lives. Judgment Is us6d in allocatlng propety costs be￿e￿n components and in determinlng the useful live8 of each component 8nd thls judgment may have a matefial impact on the depreciatlon charge. Income from donatlons and legacios UnrKtrfcted Restrlcted funds fund• 2024 2024 Total funds 2024 Donations Legacies 3,Q06 3,006 10,000 10.000 10,000 3,006 13,006 Page 23

st Chrl3tophèWs School Trust (Epsom) Llmlted (A company limited by guarantee) Notss to the flnanclal statements for the year ended 31 August 2024 Incomo from donatlons and legacles (contlnued) Unrestricled funds 2023 Restricted funds 2023 Total funds 2023 Donations Legacies 4,074 4,074 10,000 10.000 10.ODO 4,074 14,074 Income from charitablè actlvitles Unre8tricted funds 2024 Total funds 2Q24 Teaching (note 6) p￿mIseS Before & after school care 1,844,983 130 104,704 1,844,963 130 104,704 Total 2024 1,949,797 1,949,797 The purp08e of 'Bofora & after school care, Is to provide care fcr children attendlng the school who cannot be collected by their parent or guardian at the end of the school day. Unrestricted funds 2023 Total fund8 2023 Teaching (note 6) Premises Before & after school care 1,797,463 e5 100,692 1,797,483 85 100,692 1,898,220 1,898,220 Page 24

st Chri8tophorf8 School Trust (Epsom) Limlted (A company Ilmlted by guarantao) Notes to th• flnan¢lal statements for the year ended 31 August 2024 Analy¥ls of taa¢h5ng incon Unre8tri¢tod funds 2024 Total funds 2024 Fee income Un5form income Discounts 8urs8r188 1,858,875 885 (12,797) 1,856,876 885 (12,7971 Total 2024 1,844,963 q,844,963 Unrestri¢ted funds 2023 Total funds 2023 Fee income Unrform income Disttounts Burseries 1,822,153 1.206 {12,585} {13,311) 1,822,153 1,206 (12,585) (13,311) Total 2023 1,797,463 1,797,463 Invastmant income Unrestricted funds 2024 Total funds 2D24 Tolal funds 2023 Investment income - bank Interest 16,961 16,961 6,589 All investment incomg in the cutrent and prlor year ralated to unrestricted funds. Page 25

St Chri#toph6rf8 S¢hool Trust (Epsom) Llmlted (A company limitad by guarantee) Notss to the flnanclal statemonts for tho year endod 31 August 2024 Analygia ol axpenditure on charltable actlvltles Summary by fund typ¢ Unrestrlcted Restricted lunds funds 2024 2024 Total 2024 Toa¢hlng Premlses Anclllary and other Charitsbl¢ donation8 from collections Expgndrfcure on govemanc& 1,379,664 258,657 233,372 58 19,170 1,844 1,381,508 258,657 233,372 1,220 19,170 1,182 1,890,921 3,006 1,893,927 UnrestrScted funds 2023 Restrlcted funds 2023 Tolal 2023 Teaching Premlses Antlllary and other Charitabla donatlons from collection8 Expenditure on govgrnanGe 1,278,312 258,143 209,013 1,783 1,280,095 258,143 209,013 1,952 17,588 1,916 17,588 1,783,092 3,699 1,766,791 Analysls of ¢xpondlture ty actfvltles ActivltiO8 undertaken direGtty 2024 Graht fundlng of aGtivltle$ 2024 Support Total funds 2024 2024 Teaching Premlsès Ancillary and other Charltable donations from collections Expendlture on governance 1,381,508 258,657 233,372 1,381.508 258,667 233,372 1,220 19,170 1,220 19,170 1,873,537 1,220 19,170 1,893,927 Page 26

st chri8t0pho￿& SGhooI Trust {Ep80m) Limited (A company Ilmlted by guarantee) Notes to the flnanclal statements for tho year end¢d 31 August 2024 Anaty818 of oxpondittsré by activitles {continued) Actlvllies undertaken directly 2028 Gr8nt funding of activities 2023 Support costs 2023 Total funds 2023 Teaching Preml8es Anci118ry and othér Charitable donation8 from collections Expenditure on govemancg 1,280,095 258,143 209,013 1,280,095 258,143 209,013 1,952 17,588 1,952 17,588 1,747,251 1,952 17,588 1,766,791 Analysls of dlrect costs Anclllary and other 2024 Total funds 2024 Teaching 2024 Premi888 2024 Stsff costs Depreclatlon Academic Administration Property Financial 1,211,201 51,542 47,602 233,372 1,496,115 47,602 70,699 85,162 159,513 14,446 70,699 85,162 159,513 14A46 Total 2024 1,381,508 258.657 233,372 1,873,537 Page 27

st Chri8tophgrf8 School Tru8t {Ep80m) Limrted (A company Ilmlted by guarantee) Notes to the flnanclal statem¢nts for the yoar ended 31 August 2024 Analy818 of exp9nditure by adlvities {contlnu8d) Analy31s of dlre¢t costs (contlnued) Ancillary and oth&r 2023 Total funds 2023 Teaching 2023 Prernises 2023 Stsff costs Depreciatlon Academic Administration Property Financial 1,125,285 50,190 46,584 209,013 1,384,488 46,584 71,082 e9,234 1e1,369 14,494 71,082 69,234 161,369 14,494 1,280,095 258,143 209,013 1,747,251 10. Analysls of grants Grants t¢ Instltutlons 2024 Total funds 2024 Charltable donations from collections 1,220 1,220 All grants paid in the cvrr8nt and prior year repr888ntsd restrictsd charitsble donatlons received from Go118Ctions and were recorded as income and expendlture from restricted funds wlth the exception of dongtion8 made directly by the school which were paid from beth restricted and unr8stri¢ted funds as shown in note 8. Grants to Instltutions 2023 Total funds 2023 Grants, Charitsble donations from collections 1,952 1,952 Page 28

st Chri8topherf8 Sehool Trust (Epspm) Llmitod (A company limited by guaranteo) Notes to the flnanclal statements for thg year ended 31 Augu8t 2024 11. Govornance Costs - Audltorf¥ remuneratlon 2024 2023 Fees payabl8 to the charIt￿S audltorfor the 8udit of the charty's annual accounts 13.380 12,600 Fees payable to the charltys auditor in respect of.. AJI non-audit services not Included above 4,560 6.008 12. Staff costs 2024 2023 Wages and salaries Social security costs Contributions to penslon schemes (see note 22) 1,209,668 94,367 192,180 1,128.482 87,039 188,967 1,498.115 1,384,488 The average number of persons 8mploy8d bythe Gharity during the year was as follows.. 2024 No. 2023 No. Teaching - Full time Teaching - Part time Adminlstratlve and anclllary staff 10 10 26 13 13 49 The number of employees whos¢ gmployeo ben6fit$ (excluding employer pension costs) exceeded £60,000 was. 2024 No. 2023 In the band £60,001- £70,000 n the band £90,001 . £100,OQO The charlty conslders tts key management per$onnel comprlse8 the Head te8cher, Deputy Head, Assistant Head and the Bursar. Page 29

St Chrlstopherfs School Trust {Epsom) Llmtted (A eompany limited by guarant89) Notes to the financial statements for tho year onded 31 August 2024 Key management personnel 2024 2023 Wages and salaries Social securfty costs other pension costs 268,995 32.100 54,797 260,273 31,325 48,950 355,892 340,548 13. Tru8te88' remuneratlon and gxpensos During the year, no Trustses received any remuneration or Other benefits12023 - £NILI. During the year ended 31 Au9U8t 2024, no Trust8e experkses have b8en inGurr@d (2023 - £NIL). 14. Tanglble faxed assets Froohold Froehold Fixture8 and Computer propèrty improvemls flttlng8 equlpment Total Co8t At 1 Sept8mber 2023 Addttions 182,291 722,170 176,057 6,893 70,474 1,150,992 6,693 At 31 August 2024 181291 722,170 182,650 70,474 1,157,585 Dapreciation At 1 September 2023 Ch&rge for the year 144,116 3,647 336,352 34,385 166,711 6,920 67,824 2,650 715,003 47,602 At 31 August 2D24 147,783 370,737 473,631 70,474 762,605 Ngt book valuè At 31 August 2024 34,528 35q,433 9,019 394,980 At 31 August 2023 38,175 385,818 9.348 2,650 435,98S Pag8 30

St Christophorfs School Trust (Epsom) Llmlted (A company Ilmited by guarantee) Notes to the flnan¢lal Statements for the year ended 31 August 2024 15. Debtorn 2024 2023 Duo withln ono ygar Trade debtors other debtors Prepayments and accrued Income 369,637 358,296 117 17,689 18,587 388,224 374,082 16. Creditors. Amounts falllng due within one year 2D24 2023 Tradè creditors Other taxation and goci81 securlty 0th8r cr8ditor8 Accruals and defeNed income 6,240 21,534 160,646 585,336 25,982 23,381 173,703 530,147 773,756 753,193 2024 2023 Deferred income Deferred income at 1 Septamber Re89urces deferred during the year Amounts released from previous periods 503,237 512,028 537,590 503,237 {503,237) (512,028) Deferred Income at 31 August 537,590 503,237 Where invoices are raised befor¢ the year end relating to the autumn tem, they are included a8 deferred income. Page 31

St Chri8tophel8 S¢hool Tru8t (Ep80m> Limited (A Company Ilmlted by guaranteo) Notes to the flnan¢lal statomènts lor the year ended 31 August 2024 17. Statement tsf fund8 statement of funds - current year Bal¥ncÈ at 1 Septembér 2023 Balance at 31 August 2024 Income Expendltura Unrogtrlctsd fund8 Designated fund8 Roof repairfund 100,000 100,000 Genéral funds General Funds 1,499N13 1,976,758 (1,890,921) 1,585,250 Total Unrestrlctod funds 1,599,413 1,976,758 {1,890,921) 1,685,250 R8stn"ctsd fund8 Charitable Collection8 Fund Parent Teafjher Association Fund Bursary Hardshlp Fund 1,162 1,844 11,162) (1,844) 1,333 1,333 1,333 3,006 (3,006) 1,333 Totsi of funds 1,600,746 1,979,764 (1,893,927) 1,686,583 Deslgnated Funds have been estsbllshed by transfers from General Funds in order to fund future rAprtal expendEture. Currently funds have been allocated towards roof repairs, The Charltable Collections Fund represents funds raised on behalf of various charities, whlch are then paid to those charities as donations. The Parent TeaGher Assoclation Fund represents funds raised ond donat6d to the s¢hool by the Parent Teacher Assoclation with specrfic r8Strictlon8 placed on the use of the fund5. The Bursary14ardship Fund represÈrtts donations received from parents 6quivalent to discounts Ihey wère given. This monay18 held in a separate fund to be used to provlde additlonal bursaries. Page 32

st Chri8topherfs School Trust (Epsom) Limitod (A company Ilmited by guarantee> Note¥ to the flnan¢lal statements for the year ended 31 August 2024 17. Statement of funds (continued) Statement of funds - prloryear Balance at 1 September 2022 Balance at 31 August 2023 Income Expendilure Unre8trlctgd fvnds Designated fund8 Roof repalr fund 100,000 100,000 General lund$ General Funds 1,347,698 1,914,809 (1,783,092) 1,4g9,413 Total Unre8trl¢ted fund8 1,447,696 1,914,B09 (1,753,092) 1,599,413 R•$trlcted funds Charitable ColleGtions Fund Parent Teacher Association Fund Bursary Hardshlp Fund 1,916 2,158 {1,916) (1,783} (375) 1,333 1,333 958 4,074 (3,699) 1,333 Total of funds 1,448,654 1,918,883 {1,766,791) 1,600,74fj Page 33

St Christopherfs School Trust (Epsom) LlmSted (A company limited by guarantoè) Notes to th8 flnanGlal statements forth8 year ended 31 August 2024 18. Analysls of net assets between funds Analy$ls of not a88gts between funds * current year Unrestrlcted R¢strlcted funds funds 2024 2024 Total funds 2024 T8nglble flxed assets Current assets Creditors due within one year 394,980 2,064,026 (773,758) 394,980 2,065,359 1773,756) 1,333 Total 1,685,250 1,332 1,686,583 Analysis of not assets between funds - prlor porlod Unre8lricted funds 2023 Restricted funds 2023 Tctal funds 2023 Tangible flxed assets Current assets Creditors due within one year 435,989 1,916,617 1753,193) 435,989 1,917,950 (753.193) 1,333 Total 1,599.413 1,333 1,600,746 19. Reoonclllatlon of net movement In funds to not ca8h flow from opgratlng activltles 2024 2023 Net Income for the period (as per Statement of Financi21 Activities) 85,837 152,092 AdJustmont8 for: Deprecl8tion charges Dlvidends, interests and rents from investments Decreas61(increase) in stocks Deoreasellincrease) in debtors Increase in creditors 47,602 (46,961) (1,346) (14,142) 20,663 46,584 {6,589) 143 1,418 37,S11 Net cash provlded by operatlng actlvEtI68 121,553 231.257 Page 34

st Christopher's Sch¢x•l Trust (Epsom) Llmltad (A company limlled by guarante8) Notes to the financlal statements for the year onded 31 August 2024 20. Analysls of cash and cash equlvalents 2024 2023 Cash in hand 1,674,708 1,542,787 Total ca8h and catsh equlval•nts 1.874,708 1,542,787 21. Anaty8i8 of ohang08 In net debt Saptembor At31 2023 Cash flows August 2024 Cash at bsnk and in hand 1,642,78Y 131,921 1,674,708 1,542,787 131,921 1,674,708 22. Pension oommltments Definod contrfbution P6n4ion schemè The school operates a defined ¢Dntribution pension scheme. The assets of the ￿hem& 8re heFd separately from those of the s¢hool in an Indep8ndently admiftistered fund. The pension cost ch8ru8 represents contributlons payable by the School to the fund and amounted to £25,495 {2023: £22,186) and there were contrlbutions due of £2,189 (2023,. £2,109) at the year end included In other creditors, Contributions in respect of the companvs defined contribution scheme are chargèd to the incom8 and expenditure account for fhe year in which Ih8y are payable to the Schéme. Diffgrences between contributions payable and contributions actually paid in the year are shown as either accrua18 or prèpayments at the year end. Tea¢hgr8' penslon scheme The School particlpates in th& Teachers, Pension Scheme {"the TPS") for its teaching staff. The pension charg8 for the year includes conlributlons payable to the TPS of £166,271 (2023., £146,781) and at the year-end £14,814 (2023.. £12,578) was accrued in respect of ¢ontributlon8 to this scheme. The TPS Is an unfunded muttl-employer definèd bènefits penslon scheme governed by The Teachers, Pensions Regulations 2010 (as amended). Mamb&rs contribute on a pay as you go basis with contributions from members and the employer being creditsd to tha Exchequer. Retlrement and other pension benefits are p8id by public funds provided by parliamenL Page 35

St Chrlgtopher's School Trust (Epsom> Llmlt¢d (A company Ilmltod by guarant8e} Note$ to tho flnanclal $tat8mant8 for the year ended 31 Augu8t 2024 22. Pension ¢ommltments (contlnued) The employer contribution rate is 88t by the Secrelary of State following scheme valuations undertaken by the Government Actuary's Department. The most rec6nt actuarlal valuation of the TPS was prepared as at 31 March 2020 and th6 Valuatlon Report, whlch was published in October 2023, confirmed that the employer contributs'on rate for fhe TPS would increase from 23,60h to 28.6°A> from 1 Aprfl 2024. Employers are also required to pay a scheme administration levy of 0.080h giving a total employer contribution rats of 28.68%. 23. Operatlngloase commltments At 31 Augu8t 2024 the charity had commitments to make future mlnlmum lease payments under non- cancellable operatlng168ses as follows- 2024 2023 Not later than 1 year Later than 1 year and not later than 5 year8 1,392 1,740 1,272 954 3,132 2,226 Mpmbers, Ilabillty Each member of the charitable company undertakes to Contribute to the assets of the company in the event of it being wound up while helshe is a member, or within one year aftor helshe ¢8ase8 to ba a member, Such 8mount as may be required, not exceeding £1.05 for the debts and liabilities contracted b8fore helshe cea8e8 to be a member. 25. Relat¢d party transactlon8 The ¢hsrity did not engage in any related paty transactions durlng the current or prior year. Additionally, ther8 are no outstsnding b8lances between related parties and the charity at 31 August 2024 or 31 August 2023. Page 36