REGISTERED COMPANY NUMBER: 02478341 (England and Wales)
REGISTERED CHARITY NUMBER: 803152
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
FOR
STEEPHILL SCHOOL
Carleys
Statutory Auditor
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
STEEPHILL SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
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Page |
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Report of the Trustees |
1 |
to |
6 |
Report of the Independent Auditors |
7 |
to |
9 |
Statement of Financial Activities |
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10 |
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Balance Sheet |
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11 |
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Cash Flow Statement |
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12 |
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Notes to the Cash Flow Statement |
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13 |
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Notes to the Financial Statements |
14 |
to |
20 |
Detailed Statement of Financial Activities |
21 |
to |
22 |
STEEPHILL SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
Thegovernors,whoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31stAugust2024.Thegovernorshaveadopted the
provisionsoftheStatementofRecommendedPractice(SORP)'AccountingandReportingbyCharities'issuedin March
2015.
Steephill Background
TheSchoolwasfoundedin1935byMissEileenBignoldwhoestablisheditsexcellentreputationforhigh academic
standards.Followingherdeathin1989,herexecutorscontinuedtoruntheSchoolfortherestoftheacademicyear until
SteephillSchool,acompanylimitedbyguarantee,wasformedandCharitableStatusgrantedon31stMarch1990. The
freeholdofthepropertywasacquiredinJuly1990whentheTrusttookovertherunningoftheSchoolthrougha Board
of Governors.
Steephill Today
Steephillisanindependentdayschoolwhichtakespupilsfrom3to11yearsold.Itissituatedinthebeautiful Fawkham
Valleyinaquietlaneoverlookingthe12thCenturySt.Mary'sChurch.TheSchoolhaspleasantgroundsincluding lawns,
asportsfield,anintegratedorchardandForestSchool.Theseareasallowforplentyofopportunitytoexplorenature and
torunfreeatbreaktimes.Smallclasseshaveledtoahighsuccessrateforchildrenapplyingtogrammarschools and
selectiveindependentschools.ThelatestcomplianceinspectioninJune2023foundittobecompliantinall categories
with no issues to be addressed at all.
The2minibusescontinuetoproveessentialforeducationalandsportingvisits.Theyalsohelpnon-drivingparents and
thosewhoneedtoleaveforworkearlybypickingupchildreninthemorningsanddroppingthemoffathomeon the
afternoonruns.Thisalsohelpstheenvironmentbysavingmorecarsbeingusedbyparents.Theschooldetails, displayed
on the side of the bus, also increase awareness locally of the possibility for parents to apply for a pupil place at Steephill.
TheHeadteacherisresponsibleforthedaytodayrunningoftheschool,reportingtotheBoardatmeetings held
regularlythroughouttheschoolyearandtotheChairman.TheSchooldoesnotundertakeanycold-calling or
telemarketinganddoesnotsendlettersorapproachpeopleaskingfordonations.Steephilldoesnotemploychuggers or
anyotherpersonororganisationtoundertakefund-raising.Itdoesnotpassondetailsofsupportersorfamiliesto third
parties.TheSchool'swebsitewww.steephill.co.uk,Facebookpage,InstagramandTwitteraccountareverypopular with
pupilsandparents.Theyareoftenusedbyprospectiveparentsandjobapplicants.TheSchooldoesminimal advertising
but holds Open Mornings twice a year.
Thekitchenstaffprovidelocallysourcedhealthymeals.Themenus,embracinggovernmentguidelinesonnutrition and
healthyeating,isoverseenbyDoreenPage,Governorforcatering.Thesearepublishedonthewebsitesoparents and
pupils are fully aware of the choices available each day.
Page 1
STEEPHILL SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
OBJECTIVES AND ACTIVITIES
Our Objects
Theobjectsofthecharity,asperthegoverningdocument,aretopromoteandprovidefortheadvancementof education
(includingsocialandphysicaleducationofchildren)andinconnectionherewithtoconduct,carryon,acquire and
developintheCountyofKentanyboardingordayschoolorschoolsfortheeducationofchildren.Itaimstoprovide high
qualityeducationwithinawelcomingandproductiveenvironment,tocelebratetheindividual,tofostera family
communityandtoprovideabroad-basededucationforallitspupils.Thisishelpedbythecloserelationship between
teachers and pupils.
Our Aims
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To develop a love of learning.
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To develop within pupils good social skills and a high awareness of good conduct.
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To develop a determination to succeed in all endeavours.
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To encourage creativity in the Arts and the enjoyment of sport.
Our Curriculum
Steephillisamixedabilityschoolandinthisacademicyear75%oftheyeargrouppassedtheKentselectiontest. A
numberofchildrenalsopassedavarietyofotherselectiontestincludingBexleyandMedwayinadditionto Independent
Schoolsentranceexaminations.InpreviousyearsSteephill'spassratehasrangedfrom72%to100%.However, every
child benefits from individual attention to help them to achieve their full potential.
SteephillSchoolwelcomespupilsfromallbackgrounds.Childrenareassessedbeforeentrytotheschoolbyataster day
andwherepossibleassessmentintheirprevioussetting.Anybehaviouralorlearningdifficultieswhichmayaffect other
children'slearningwillalsobetakenintoaccount.Steephillisanequalopportunityorganisationandiscommittedto a
workingenvironmentthatisfreefromanyformofdiscriminationonthegroundsofcolour,race,ethnicity, religion,
gender,sexualorientationordisability.TheSchoolwillmakeallreasonableadjustmentstomeettheneedsofstaff or
pupilswhoareorbecomedisabled.Aswellasallthecoreandnon-coresubjects,thepupilslearnSpanish,French and
MandarinChineseinthecurriculum.Thishelpstodeveloptheirculturalunderstanding.TheyalsolearnFirstAid and
focus on the environment.
Public benefit
InsettingschoolobjectivesandplanningitsactivitiesSteephillGovernorshavegivencarefulconsiderationtothe Charity
Commission'sgeneralguidanceonpublicbenefit.Despitebeingasmallschoolthetargetswithintheseobjectives are
laid out within our School Development Plan and the key targets linked to public benefit are to:
*ContinuetheSchoolCouncilwhichhasresponsibilityfororganisingcharitableeventstoraisefundsfor outside
charities.
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Ensure that pupil entry to the school is supported financially through a limited number of Bursaries.
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Develop the well-established recycling and re-using programme in school.
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Increase the opportunities for Steephill School choir to sing in public, and large choir events for charity, e.g. Barnardo's
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Support local festivals and the promotion of the Arts.
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Contribute towards the upkeep of the local church car park area for the use of St. Mary's Church and local villagers and
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the local state school, as well as our own parents at pick up and drop off school times to minimize traffic congestion.
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Continue to support the church at services during the year and its summer fete.
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Donate foodstuffs to the church for community food banks at the Harvest Festival and to the local Community
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Cupboard food bank regularly.
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Support newly qualified teachers by mentoring.
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To continue to train teachers on a regular basis.
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To continue to provide work experience each year for children from local secondary schools.
Page 2
STEEPHILL SCHOOL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
ACHIEVEMENT AND PERFORMANCE
Current & Past Report
Steephilliscommittedtosafeguardingandpromotingthewelfareofitspupilsandexpectsallstaffandvolunteers to
sharethiscommitment.Thepupils'examresultsshowtheyare18monthsabovethenationalaveragefor achievements.
InthelatestglowingISI(IndependentSchools'Inspectorate)ReportinMarch2019,theschoolwasrated'excellent'in all
categorieswithnorequirementstochangeanything,whichisveryunusuallocally.Thisistheequivalentof 'outstanding'
inthestatesector.Morerecently,inJune2023,acomplianceinspectionfoundthatalltheareasofcompliance were
met.
Aswellasconcentratingontheacademicside,theSchooliskeentopromotetheArts.Itprovidesaveryhigh standard
anddiverseopportunityforthechildrentotakepartinart,design&technology,drama,poetry,singing&music, etc.
Thishelpsthepupils'wellbeingandconfidence.Extracurricularclubsnowincludeyoga,dance,choir,chess, netball,
football,rugby,art,sewing,gardening,athleticsandscience.Theseclubsnormallyrotatetermlyandforman essential
partofthecommunityspiritoftheSchoolaswellassupportingthepupils'mentalhealth.Theschoolalsohas an
automaticDefibrillatorforadultsandchildrenonsiteandthepupilsinYear6havebeenshownhowtouseit which
should be useful even outside of school.
SportcontinuestobeanimportantpartofSchoollife.Thereisalargesportsfieldforfootball,athletics,cricket, hockey,
rugbyandrounders.Shorttennisandnetballareplayedonthepurpose-builtcourt.Swimmingtakesplaceat Cobham
Hall.SportsDayisverypopularandtakingpartispraisedasmuchaswinning.Thesensorygardenandwildlife trail,
developed9yearsago,areenjoyedbythechildrenthroughouttheyear.Thepupilsgrowvegetablesandflowersas part
oftheirlearningandappreciationofnatureaswellasfortheirwellbeing.TheAnnualPrizeGivingtookplaceon the
sportsfieldinthesummerwithallclassestakingpartinentertainingtheparents.Thechildrenraisedfundsfora number
ofcharitiesduringtheacademicyearincludingTheRoyalBritishLegionPoppyAppeal,aswellasacakesale for
Macmillan Cancer Support.
Volunteers
Friends of Steephill School (FOSS)
TheFOSScommitteemembersmeetamongstthemselvestoorganisefund-raisingeventsthroughouttheyear. They
discusstheirproposedideaswiththeHeadteacher.TheyusuallyholdtheirAGMintheautumntermfor parents,
teachers,governorsandcommitteememberstoattend.FOSSraised£13,898.56duringtheyear,whichis particularly
commendablebecausethereareonlyapproximately80familiesattheSchool.Theyprovidedanewelectronic keyboard
andboughtanincubatorforchickstobehatchedatschoolwhichhasprovedawonderfulexperienceforthe children.
TheyalsocontributedtoBlackHistoryMonth,Eid,DiwaliandEastercelebrations,plusmanyeventsforchildren and
parentsduringtheyear.SteephillchildrenbenefitgreatlyfromthegoodsandequipmentdonatedtotheSchoolby FOSS.
Theirmembersarealltobethankedfortheirhardworkanddedicationduringtheyear.Nodoubtthenewcommittee will
enjoy the same support in achieving a very successful year and we wish them all well.
FINANCIAL REVIEW
Financial position
TheSchoolisfinanciallystablewithsufficientfundstocoverallobligations.Thefeesaresetataleveltoensure the
financialviabilityoftheSchoolandatalevelwhichisconsistentwiththeaimofprovidingafirstclasseducation for
pupils. No one person has Significant Control and the Board does not make Social Investments.
TheBursaryPolicyaddressesfinancialsupportforsomefamilieswhomayotherwisenotbeabletoaccessthe school.
Thissupportiscurrentlyofferedto5pupilsattheschoolinaccordancewiththeschool'spolicy.Amonthlypayment plan
isavailabletohelpthosewhowishtofundeducationalcoststhroughregularcontributions.Italsoofferssibling discounts
for the third child of a family attending school at once.
Reserves policy
Theprincipalsourceofincomeisfees.TheGovernorsarecontinuingtheirstrategyofdeployingincomingresources to
investingintheeducationalpurposesandfabricoftheschoolatthesametimeasretainingsufficientreservesfor future
needs.Asacharitythepupils'parentshavetheassurancethatalltheincomeoftheSchoolmustbeapplied for
educationalpurposes.TheGovernorsreviewthelevelofreservesheldonanannualbasiswithaviewtoensuring that
thecompanyhassufficientresourcestofunditsactivitiesandtoprovideadequateresourcesaswellasdeveloping the
facilitiesoftheSchool.TheGovernorsaimtoholdtwotermscostsinreservesandconsiderthatleveltobeadequate for
the present time
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Page 3
STEEPHILL SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
New governors are appointed by means of a majority vote of the existing board.
Organisational structure
Structure, Governance and Management
TheGovernors,whoarealsothecharitytrustees,areresponsiblefortheoverallmanagementandcontrolofthe School.
TheydeterminethegeneralpolicyoftheSchool.TheHeadteacherisresponsibleforthedaytodayrunningofthe School
alongwiththeBursarandundertakethekeyleadershiproleoverseeingeducational,pastoraland administrative
functionsinconsultationwiththeseniorstaff.Thisiswithinthepoliciesandproceduresapprovedbythe Governors.
SignificantexpendituredecisionsandmajorcapitalprojectsarereferredtotheGovernorsforpriorapproval.The Head
and Bursar are invited to attend all Board meetings to give regular reports.
TheBoardhasbeenrefreshedwith4newmembersfromSeptember2024andanotherinDecember2024and look
forwardtothecontributionstheywillmaketotheirdeliberations.Itmeetsatleasteveryhalftermtomanage the
School'saffairs.TheFinance&StrategyCommitteemeetmoreregularlytoreviewthebudget,salaries,costsand future
financialplanningtorecommendactionstothefullBoard.FinancialreportsaregivenateveryBoardmeeting. Martin
Levy,aswellasheadoftheF&SCommittee,istheBoard'sChairman.Othercommitteemeetings,suchasHealth &
SafetyandEducation,areheldinbetweenfullBoardofGovernors'meetings.TheBoardmembersarekeptin regular
touchbyemailorphonebetweenmeetingsandvisittheschoolfromtimetotime.AlltheGovernorsattendin-house or
onlinetrainingdaysonChildProtectionandSafeguardingeachyear.Theinsuranceisreviewedandupdatedannually.
AllGovernorsgiveoftheirtimefreelyandnoremunerationorexpenseswerepaidintheYear.NoGovernoror person
connected with a Governor receive any benefit from either means-tested bursaries or scholarships awarded to pupils.
TheAnnualGeneralMeetingtookplaceon18thMarch2024whentheFinancialStatementoftheannual accounts,
audited by The Carley Partnership, were approved. The auditors were re-appointed for the ensuing academic year.
Mr.JohnAbbottwasonsickleavefromMayandsubsequentlyresigned.TheDeputyHead,HelenMillward,was acting
HeadfromMayandthenappointedHeadteacherfromJuly2024,followingJohnAbbot'sresignation.Shehas since
reviewedtheschool'sHRframeworkandretainedfocusonstaffwellbeing,thenewcurriculumandstrategicreview plan.
Allthestaff(teaching,adminandkitchen)workwiththeircustomarycommitmentandenergy,whichispartof what
makes Steephill such a successful school and are to be thanked for all their hard work this year.
Steephillisfortunatetohaveanumberofvolunteers,includingparents,andtheyworkwiththechildrenona regular
basisgivingassemblytalks,listeningtoreading,etc.Parentscanalsotakepartinschoollifebyjoiningthe Parents
Association FOSS (Friends of Steephill School).
Risk management
TheGovernorsareresponsiblefortheoverseeingoftherisksfacedbytheschool.Detailedconsiderationsofrisk are
delegatedtotheFinance&StrategyCommittee.Risksareidentified,assessedandcontrolsestablishedthroughout the
year.Aformalinternalauditandreviewofthecharity'sriskmanagementprocesses,Governancepolicyand Social
InvestmentsPolicyand'PersonswithSignificantControl'Policyareundertakenonaregularbasis.TheGovernors have
assessedthemajorriskstowhichthecharityisexposed.ClearlytheimpositionofVATonfeesfromJanuary2025 and
theincreaseinNationalInsuranceandtheNationalMinimumWagewillbeachallengenextyear,alongwith the
increasedcostsofmanyoutgoings.Theschool'ssuccessisbuiltonitsreputationfortheexcellenteducation and
well-being of the pupils.
Current and Future Development Report
TheGovernorsintendtocontinuetheircurrentstrategiesofmaintainingtheschool'spositioninacompetitivemarket by
investingtoprovidehighqualityeducationforthepupils.Achievingahighstandardofacademicresultsisaconstant aim
whilstmaintainingthebreadthanddepthoftheeducationprovided.ThenewGovernmentimpositionofVATonfees plus
theincreasedN.I.andminimumwagenextyearwillbeachallengebutwillbewatchedcarefully.Planningpermission is
inplaceforanextensiontothehall,officeandkitchenwhenfundsareavailable.During2023/24theremainderof the
children's toilets were upgraded.
Page 4
STEEPHILL SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02478341(England and Wales)
Registered Charity number
803152
Registered office
Off Castle Hill
Fawkham
Longfield
Kent
DA3 7BG
Trustees
Martin Levy |
Chairman/Chair of Finance & Strategy Committee |
Sandra Scotting |
Company/Trust Secretary/ Finance & Strategy Committee. |
Jennifer Smith-Spark |
Safeguarding Lead,Education Committee (incl. SEND, Safeguarding & Welfare) |
Doreen Page |
Staff Wellbeing/Catering/Education Committee (incl.SEND, Safeguarding & Welfare) |
Hazel Thurgood |
Chair of Education Committee (incl. SEND, Safeguarding & Welfare) |
Dr Kristopher Page |
Chair of Health, Safety and Sustainability Committee |
Peter Bramall |
Finance & Strategy Committee |
Dawn Bramall |
Health, Safety and Sustainability Committee |
Bhawna Hindocha |
Education Committee (incl. SEND, Safeguarding & Welfare) |
Michelle Peirce |
Resigned May 2024 |
Wayne Smith |
Resigned May 2024 |
Jas Rai |
Resigned March 2024 |
Company Secretary
Sandra Scotting
Headteacher
Mrs Helen Millward
Mr John Abbott
From July 2024
Resigned June 2024
Auditors
Carleys
Registered Auditor
Second Floor South
The Fitted Rigging House
Anchor Wharf
The Historic Dockyard
Chatham
Kent ME4 4TZ
Bankers
Lloyds Bank Plc
25 Gresham Street
London
EC2V 7HN
Page 5
STEEPHILL SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES
TheGovernors/Trustees(whoarealsodirectorsofSteephillSchoolforthepurposesofcompanylaw)areresponsible for
preparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicablelawandUnited Kingdom
AccountingStandards(UnitedKingdomGenerallyAcceptedAccountingPractice).CompanylawrequirestheGovernors to
preparefinancialstatementsforeachfinancialyearwhichgiveatrueandfairviewofthestateofaffairsofthe charitable
companyandoftheincomingresourcesandapplicationofresources,includingtheincomeandexpenditure,of the
charitablecompanyforthatperiod.Inpreparingthosefinancialstatements,theGovernorsarerequiredtoselect suitable
accountingpoliciesandthenapplythemconsistently;observemethodsandprinciplesintheCharitySORP; make
judgementsandestimatesthatarereasonableandprudent;preparethefinancialstatementsonthegoingconcern basis
unless it is inappropriate to presume that the charity will continue in business.
TheGovernorsareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any
timethefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancialstatements comply
withtheCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsofthecharitablecompany and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the governors are aware:
Thereisnorelevantauditinformationofwhichthecharitablecompany'sauditorsareunaware;andthegovernors have
takenallstepsthattheyoughttomakethemselvesawareofanyrelevantauditinformationandtoestablishthat the
auditors are aware of that information.
AUDITORS
Carleys(formerlyknownasTheCarleyPartnership)wereappointedforthe2015/16auditandre-appointed each
academic year since then.
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relating to
small companies.
Approved by order of the board of trustees on 16 May 2025 and signed on its behalf by:
M R Levy (Chairman) - Trustee
Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STEEPHILL SCHOOL
Opinion
WehaveauditedthefinancialstatementsofSteephillSchool(the'charitablecompany')fortheyear ended
31August2024whichcomprisetheStatementofFinancialActivities,theBalanceSheet,theCashFlowStatement and
notestothefinancialstatements,includingasummaryofsignificantaccountingpolicies.Thefinancial reporting
frameworkthathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards (United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicablelaw. Our
responsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditofthe financial
statementssectionofourreport.Weareindependentofthecharitablecompanyinaccordancewiththe ethical
requirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthical Standard,
andtheprovisionsavailableforsmallentities,inthecircumstancessetoutinnote18tothefinancialstatements,and we
havefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethattheaudit evidence
we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisofaccounting in
the preparation of the financial statements is appropriate.
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoeventsor conditions
that,individuallyorcollectively,maycastsignificantdoubtonthecharitablecompany'sabilitytocontinueasa going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant
sections of this report.
Other information
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincludedin the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,in doing
so,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorour knowledge
obtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuchmaterialinconsistencies or
apparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesrisetoamaterialmisstatementin the
financialstatementsthemselves.If,basedontheworkwehaveperformed,weconcludethatthereisa material
misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STEEPHILL SCHOOL
Matters on which we are required to report by exception
Inthelightoftheknowledgeandunderstandingofthecharitablecompanyanditsenvironmentobtainedinthecourse of
the audit, we have not identified material misstatements in the Report of the Trustees.
WehavenothingtoreportinrespectofthefollowingmatterswheretheCompaniesAct2006requiresustoreportto you
if, in our opinion:
-
adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealsothedirectorsof the
charitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationofthefinancialstatements and
forbeingsatisfiedthattheygiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermineis necessary
toenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraud or
error.
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitablecompany'sability to
continueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoing concern
basisofaccountingunlessthetrusteeseitherintendtoliquidatethecharitablecompanyortoceaseoperations,or have
no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthat includes
ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in
accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefrom fraud
orerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedto influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Inidentifyingandassessingrisksofmaterialmisstatementinrespectofirregularities,includingfraud,ourapproach was
as follows:
-weobtainedanunderstandingofthenatureoftheindustryandsector,includingthelegalandregulatory frameworks
that are applicable to the company and of how the company is complying with those frameworks;
-weenquiredofmanagementabouttheirownidentificationandassessmentoftherisksofirregularities,including any
known instances of fraud;
-wediscussedmattersconcerningnon-compliancewithlawsandregulationsandhowfraudmightoccur including
assessment of how the financial statements might be susceptible to fraud.
Asaresultoftheseproceduresweconsiderthatthemostsignificantlawsandregulationsrelatingtothe financial
statementsaretheCompaniesAct2006,CharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland',IndependentSchoolsInspectorateandtax compliance
regulations.Weperformedauditprocedurestoenableustodetectnon-compliancewithsignificantlawsand regulations
whichmayhaveamaterialimpactonthefinancialstatementswhichincludedreviewingdisclosureswithinthe financial
statements and inspecting correspondence with tax authorities.
Weconsideredtheriskoffraudthroughmanagementoverrideandrevenuerecognitionastheareaswherethe financial
statementsweremostsusceptibletomaterialmisstatementduetofraud.Inresponse,weincorporatedtestingof the
appropriatenessofjournalentries,assessingjudgementsmadebymanagementinmakingaccountingestimates and
evaluating the business rationale for any significant unusual transactions or those outside the normal course of business.
AfurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedontheFinancial Reporting
Council'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportofthe Independent
Auditors.
Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STEEPHILL SCHOOL
Use of our report
Thisreportismadesolelytothecharitablecompany'smembers,asabody,inaccordancewithChapter3ofPart16 of
theCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstatetothecharitable company's
membersthosematterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.Tothe fullest
extentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecharitablecompanyand the
charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Claire Ralph (Senior Statutory Auditor)
for and on behalf of Carleys
Statutory Auditor
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
19 May 2025
Page 9
STEEPHILL SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
3
Education of children
Investment income
2
Other income
Total
EXPENDITURE ON
Charitable activities
4
Education of children
School premises costs
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2024
Unrestricted
fund
£
1,433,500
18,700
17,546
1,469,746
1,288,585
98,718
1,387,303
82,443
1,153,713
1,236,156 |
2023
Total
funds
£
1,337,503
14,756
16,957 |
|
|
1,369,216 |
|
|
1,130,786
77,137 |
|
|
1,207,923 |
|
|
161,293
992,420 |
|
|
1,153,713 |
The notes form part of these financial statements
Page 10
STEEPHILL SCHOOL
BALANCE SHEET 31 AUGUST 2024
Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Stocks
12
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
16
Unrestricted funds
TOTAL FUNDS |
2024
Unrestricted
fund
£
459,952
5,000
76,080
1,005,643
1,086,723
(202,519)
884,204
1,344,156
(108,000)
1,236,156
1,236,156
1,236,156 |
2023
Total
funds
£
493,348
5,000
27,251
922,109
954,360
(175,995)
778,365
1,271,713
(118,000)
1,153,713
1,153,713
1,153,713 |
|
|
|
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon16May2025and were
signed on its behalf by:
M R Levy (Chairman) - Trustee
The notes form part of these financial statements
Page 11
STEEPHILL SCHOOL
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024
|
|
2024 |
2023 |
|
Notes |
£ |
£ |
Cash flows from operating activities |
|
|
|
Cash generated from operations |
1 |
64,834 |
125,803 |
Net cash provided by operating activities |
|
64,834 |
125,803 |
Cash flows from investing activities |
|
|
|
Interest received |
|
18,700 |
14,756 |
Net cash provided by investing activities |
|
18,700 |
14,756 |
|
|
|
|
Change in cash and cash equivalents in |
|
|
|
the reporting period |
|
83,534 |
140,559 |
Cash and cash equivalents at the |
|
|
|
beginning of the reporting period |
|
922,109 |
781,550 |
Cash and cash equivalents at the end of |
|
|
|
the reporting period |
|
1,005,643 |
922,109 |
The notes form part of these financial statements
Page 12
STEEPHILL SCHOOL
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Rounding
Increase in debtors
Increase/(decrease) in creditors
Net cash provided by operations |
2024
£
82,443
33,397
(18,700)
(1)
(48,829)
16,524
64,834 |
2023
£
161,293
32,471
(14,756)
-
(7,383)
(45,822) |
|
|
125,803 |
2. ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Total |
At 1.9.23
£
922,109
922,109
922,109 |
Cash flow
£
83,534
83,534
83,534 |
At 31.8.24
£
1,005,643 |
|
|
|
1,005,643 |
|
|
|
1,005,643 |
The notes form part of these financial statements
Page 13
STEEPHILL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Allocation and apportionment of costs
Certainexpenditureisdirectlyattributabletothechildren'seducationandhasbeenincludedinthatcost category.
Certainothercosts,whichwhilenecessarydonotconstituteeducationalcosts,areincludedunder"education of
children" as support costs.
Governancecostscompriseexpensesassociatedwiththecharity'sstatusasalegalentity,ratherthan expenses
that are for charitable purposes.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimateduseful life
or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property- 5% on cost and 2% on historical cost
Short leasehold- Amortised over period of lease
Fixtures and fittings- 33% on cost, 20% on cost and 5% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Hire purchase and leasing commitments
Rentalspaidunderoperatingleasesarechargedtotheprofitandlossaccountonastraightlinebasisover the
period of the lease.
Government grants
Grant income is recognised using the accrual model in the period in which it becomes receivable.
Pension costs
Thecompanyhasarrangedadefinedcontributionpensionschemeforthemembersofstaffwhoarenot eligible
tojointheTeachers’PensionScheme.Theassetsofthisschemeareheldseparatelyfromthoseofthe company,
being invested with insurance companies.
All pension costs are charged in the Statement of Financial Activities in the period in which they relate.
continued...
Page 14
STEEPHILL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
2. INVESTMENT INCOME
Bank interest receivable
3.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Gross invoiced school fees
Education of children
Less Bursaries
Education of children
Minibus, clubs, outings and
swimming
Education of children
4.
CHARITABLE ACTIVITIES COSTS
Education of children
School premises costs
5.
SUPPORT COSTS
Education of children
School premises costs |
Direct
Costs
£
1,093,511
114,252
1,207,763 |
2024
£
18,700
2024
£
1,382,251
(41,610)
92,859
1,433,500
Support
costs (see
note 5)
£
195,074
(15,534)
179,540 |
2023
£
14,756
2023
£
1,317,246
(65,532)
85,789 |
2023
£
14,756
2023
£
1,317,246
(65,532)
85,789 |
2023
£
14,756 |
|
|
|
1,337,503 |
|
|
|
|
|
Totals
£
1,288,585
98,718 |
|
|
|
|
|
1,387,303 |
|
|
|
|
|
|
Other
£
195,074
(15,534) |
|
|
|
|
|
179,540 |
|
Support costs, included in the above, are as follows:
Management and administrative salaries
Sundries
Information Technology
Provision for bad debts
Pension fund administrative fees
Professional fees, subscriptions and
memberships
Accountancy charges
Bank charges |
Education
of
children
£
102,498
2,071
12,781
21,870
-
53,526
2,268
60
195,074 |
School
premises
costs
£
-
-
-
-
-
(19,254)
3,720
-
(15,534) |
2024
Total
activities
£
102,498
2,071
12,781
21,870
-
34,272
5,988
60
179,540 |
2023
Total
activities
£
98,418
1,912
11,826
11,237
907
13,901
5,667
12 |
|
|
|
|
143,880 |
continued...
Page 15
STEEPHILL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2024 |
2023 |
|
£ |
£ |
Depreciation - owned assets |
33,396 |
32,471 |
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2024norfortheyear ended
31 August 2023.
Trustees' expenses
No expenses were paid to trustees during this year or the previous year.
8. STAFF COSTS
Theaveragenumberofemployeesduringtheyear,basedonheadcount,was41(2023:40).Analysisof staff
costs and employee benefits is as follows:
|
£ |
|
|
Gross Salaries |
781,159 |
Social Security Costs (Employer's National Insurance) |
65,598 |
Employer's Pension Contributions |
109,125 |
Operating Costs of Pension Scheme |
0 |
|
|
|
955,882 |
|
|
Theaveragefull-timeequivalentofteachingstafffortheyearwas15(2023:16)andofadministrative and
supportstaff8(2023:8).Noemployeereceivedemoluments(excludingemployer'spensionand employer's
National Insurance) in excess of £60,000. Key management personnel received remuneration as follows:
|
2023 |
|
£ |
Gross salary |
75,555 |
Employer's National Insurance |
9,448 |
Employer's pension contributions |
12,451 |
|
|
|
97,454 |
|
|
PENSIONS COSTS
Duringtheyear,12(2022:12)teacherspaidintotheAPTISscheme.20otheremployeespaidintoa defined
contribution scheme (2022: 18)
Contributionspayablebythecharityfortheperiodwere£103,268(2023:£104,473).Asat31stAugust 2023,
creditors included £4,040 (2022; £13,070) relating to pension contributions.
continued...
Page 16
STEEPHILL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Charitable activities
Education of children
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Education of children
School premises costs
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
1,337,503
14,756
16,957 |
|
1,369,216 |
|
1,130,786
77,137 |
|
1,207,923 |
|
161,293
992,420 |
|
1,153,713 |
10. ACCOUNTANCY COSTS
Duringtheyeartheaccountspayableforthestatutoryauditwere£1,680(2022:£1,500)andfor other
accountancy services were £1,914 (2022: £1,560).
11. TANGIBLE FIXED ASSETS
COST
At 1 September 2023
Disposals
At 31 August 2024
DEPRECIATION
At 1 September 2023
Charge for year
Eliminated on disposal
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023 |
Freehold
property
£
863,931
-
863,931
379,214
30,104
-
409,318
454,613
484,717 |
Short
leasehold
£
10,000
(10,000)
-
8,741
1,259
(10,000)
-
-
1,259 |
Fixtures
and
fittings
£
87,213
-
87,213
79,841
2,033
-
81,874
5,339
7,372 |
Totals
£
961,144
(10,000)
951,144
467,796
33,396
(10,000)
491,192
459,952
493,348 |
|
|
|
|
|
continued...
Page 17
STEEPHILL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
12.
STOCKS
2024
£
Kitchen and classroom stock
5,000
The stock held represents kitchen supplies, teaching materials and stationery which all relate
"education of children".
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade debtors
100,015
Provision for bad debts
(30,298)
Other debtors and prepayments
6,363
76,080
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade creditors
28,310
Social security and other taxes
14,389
Early years funding
2,058
Credit balance debtors
136,878
Wages and pension creditor
16,244
Contra account
7
Accruals and deferred income
4,633
202,519
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Parental retainers
108,000
16.
MOVEMENT IN FUNDS
Net
movement
At 1.9.23
in funds
£
£
Unrestricted funds
General fund
1,153,713
82,443
TOTAL FUNDS
1,153,713
82,443
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,469,746
(1,387,303)
TOTAL FUNDS
1,469,746
(1,387,303) |
2023
£
5,000
to the activity
2023
£
33,106
(11,237)
5,382
27,251
2023
£
5,559
13,872
-
147,911
4,040
7
4,606
175,995
2023
£
118,000
At
31.8.24
£
1,236,156
1,236,156
Movement
in funds
£
82,443
82,443 |
|
|
continued...
Page 18
STEEPHILL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.9.22
£
992,420
992,420 |
Net
movement
At
in funds
31.8.23
£
£
161,293
1,153,713
161,293
1,153,713 |
|
|
|
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
1,369,216
TOTAL FUNDS
1,369,216
A current year 12 months and prior year 12 months combined position is as follows:
At 1.9.22
£
Unrestricted funds
General fund
992,420
TOTAL FUNDS
992,420 |
Resources
expended
£
(1,207,923)
(1,207,923)
Net
movement
in funds
£
243,736
243,736 |
Movement
in funds
£
161,293 |
|
|
161,293 |
|
|
At
31.8.24
£
1,236,156 |
|
|
1,236,156 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
2,838,962
2,838,962 |
Resources
expended
£
(2,595,226)
(2,595,226) |
Movement
in funds
£
243,736 |
|
|
|
243,736 |
continued...
Page 19
STEEPHILL SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
18. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES
Incommonwithmanyotherbusinessesofoursizeandnatureweuseourauditorstoassistwiththe preparation
of the financial statements.
19. OPERATING LEASE COMMITMENTS
The following operating lease payments are committed to be paid within the time periods specified:
|
Land |
Other |
Total |
|
£ |
£ |
£ |
Due within one year |
3,000 |
15,408 |
18,408 |
Due between one and five years |
12,300 |
26,964 |
39,264 |
Due after five years |
97,434 |
0 |
97,434 |
|
|
|
|
|
112,734 |
42,372 |
155,106 |
|
|
|
|
|
|
|
|
The land is subject to rent revisions every five years.
20. PARENTAL RETAINERS
|
£ |
|
|
Balance at 1 September 2023 |
118,000 |
Amounts advance in the year (less repayments) |
-10,000 |
|
|
|
|
Balance at 31 August 2024 |
108,000 |
|
|
The retainers are not included in income as they are repaid once a child has left the school.
21. LEGAL INFORMATION
SteephillSchoolisacharitablecompanylimitedbyguarantee,incorporatedinEnglandandWales.Its registered
officeandprincipalofficeisOffCastleHill,Fawkham,Longfield,Kent.DA37BG.Furtherinformationabout the
charity's activities are included in the Trustees' Report.
Page 20
STEEPHILL SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
INCOME AND ENDOWMENTS
Investment income
Bank interest receivable
Charitable activities
Gross invoiced school fees
Less Bursaries
Minibus, clubs, outings and swimming
Other income
Other incoming resources
Total incoming resources
EXPENDITURE
Charitable activities
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising and promotion
School supplies
Kitchen supplies
Teaching and other staff costs
Pension costs
Maintenance staff and costs
Cleaning and caretaking
Staff training
Equipment leasing costs
Equipment purchases and repairs
Car park and field rent and maintenance costs
Minibus, clubs, outings and swimming
Freehold property
Short leasehold
Computer equipment
Support costs
Other
Management and administrative salaries
Sundries
Information Technology
Provision for bad debts
Pension fund administrative fees
Professional fees, subscriptions and
memberships
Carried forward |
2024
£
18,700
1,382,251
(41,610)
92,859
1,433,500
17,546
1,469,746
4,507
22,511
22,187
5,048
3,904
2,088
20,766
24,968
750,337
89,624
83,684
31,159
3,121
5,787
7,726
4,017
92,932
30,105
1,259
2,033
1,207,763
102,498
2,071
12,781
21,870
-
34,272
173,492 |
2023
£
14,756
1,317,246
(65,532)
85,789
1,337,503
16,957
1,369,216
4,692
21,905
17,066
6,111
5,853
2,294
24,937
28,888
626,201
85,257
55,692
28,758
4,825
4,962
12,046
3,634
98,451
30,105
333
2,033
1,064,043
98,418
1,912
11,826
11,237
907
13,901
138,201 |
|
|
|
This page does not form part of the statutory financial statements
Page 21
STEEPHILL SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
Other
Brought forward
Accountancy charges
Bank charges
Total resources expended
Net income |
2024
£
173,492
5,988
60
179,540
1,387,303
82,443 |
2023
£
138,201
5,667
12 |
|
|
143,880 |
|
|
1,207,923 |
|
|
161,293 |
This page does not form part of the statutory financial statements
Page 22