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← Steephill School

2025-08-31-accounts

REGISTERED COMPANY NUMBER: 02478341 (England and Wales)

REGISTERED CHARITY NUMBER: 803152

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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 2025

Page Page
Report ofthe Trustees 1 to 6
Report ofthe IndependentAuditors 7 to 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 21
DetailedStatementofFinancialActivities 22 to 23

STEEPHILL SCHOOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

OOO

The governors, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st August 2025. The governors have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2015.

Steephill Background

The School was founded in 1935 by Miss Eileen Bignold who established its excellent reputation for high academic standards. Following her death in 1989, her executors continued to run the School for the rest of the academic year until Steephill School, a company limited by guarantee, was formed and Charitable Status granted on 31st March 1990. The freehold of the property was acquired in July 1990 when the Trust took over the running of the School through a Board of Governors.

Steephill Today

Steephill is an independent day schoo! which takes pupils from 3 to 11 years old. It is situated in the beautiful Fawkham Valley in a quiet lane overlooking the 12th Century St. Mary's Church. The School has pleasant grounds including lawns, a sports field, an integrated orchard and Forest School. These areas allow for plenty of opportunity to explore nature and to run free at break times. Small classes have led to a high success rate for children applying to grammar schools and selective independent schools. The latest compliance inspection in June 2023 found it to be compliant in all categories with no issues to be addressed at all.

The 2 minibuses continue to prove essential for educational and sporting visits. They also help non-driving parents and those who need to leave for work early by picking up children in the mornings and dropping them off at home on the afternoon runs. This also helps the environment by saving more cars being used by parents. The school details, displayed on the side of the bus, also increase awareness locally of the possibility for parents to apply for a pupil place at Steephill.

The Headteacher is responsible for the day to day running of the school, reporting to the Board at meetings held regularly throughout the school year and to the Chairman. The School does not undertake any coid-calling or telemarketing and does not send letters or approach people asking for donations. Steephill does not employ chuggers or any other person or organisation to undertake fund-raising. It does not pass on details of supporters or families to third parties. The School's website www.steephill.co.uk, Facebook page and Instagram account are very popular with past pupils and parents and are often used by prospective parents and job applicants. The School does minimal advertising but holds Open Mornings periodically.

The kitchen staff provide locally sourced healthy meals. The menus, embracing government guidelines on nutrition and healthy eating, are overseen by Doreen Page, Governor for catering. These are published on the website so parents 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 2025

OBJECTIVES AND ACTIVITIES

Our Objects

The objects of the charity, as per the governing document, are to promote and provide for the advancement of education (including social and physical education of children) and in connection herewith to conduct, carry on, acquire and develop in the County of Kent any boarding or day school or schools for the education of children. It aims to provide high quality education within a welcoming and productive environment, to celebrate the individual, to foster a family community and to provide a broad-based education for all its pupils. This is helped by the close relationship between teachers and pupils.

Our Aims

Our Curriculum

Steephill is a mixed ability school and in this academic year 78% of the year group passed the Kent selection test. A number of children also passed a variety of other selection test including Bexley and Medway in addition to Independent Schools entrance examinations. In previous years Steephill's pass rate has ranged from 72% to 100%. However, every child benefits from individual attention to help them to achieve their full potential.

Steephill School welcomes pupils from all backgrounds. Children are assessed before entry to the school by a taster day and where possible assessment in their previous setting. Any behavioural or learning difficulties which may affect other children's learning will also be taken into account. Steephill is an equal opportunity organisation and is committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, gender, sexual orientation or disability. The School will make all reasonable adjustments to meet the needs of staff or pupils who are or become disabled. As well as all the core and non-core subjects, the pupils have learnt Spanish, French and Mandarin Chinese this academic year. This helps to develop their cultural understanding. They also learn First Aid and focus on the environment.

Public benefit

In setting school objectives and planning its activities Steephill Governors have given careful consideration to the Charity Commission's general guidance on public benefit. Despite being a small school the targets within these objectives are laid out within our Schoo] Development Plan and the key targets linked to public benefit are to:

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STEEPHILL SCHOOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

SS

ACHIEVEMENTS AND PERFORMANCE

Current & Past Report

Steephill is committed to safeguarding and promoting the welfare of its pupils and expects all staff and volunteers to share this commitment. The pupils' exam results show they are above the national average for achievements. In the latest glowing ISI (Independent Schools’ Inspectorate) Report in March 2019, the school was rated ‘excellent’ in all categories with no requirements to change anything, which is very unusual. This is the equivalent of ‘outstanding’ in the state sector. More recently, in June 2023, a compliance inspection found that all the areas of compliance were met. As well as concentrating on the academic side, the School is keen to promote the Arts. It provides a very high standard and diverse opportunity for the children to take part in art, design & technology, drama, poetry, singing & music, etc. This helps the pupils' wellbeing and confidence. Extra curricular clubs now include LAMDA, lessons in guitar, piano and violin, yoga, choir, netball, football, art, sewing, gardening, athletics and science. These clubs rotate termly and form an essential part of the community spirit of the School as well as supporting the pupils’ mental health. The schoot also has an automatic Defibrillator for adults and children on site. The school community has raised funds for a number of charities during the academic year including The Royal British Legion Poppy Appeal, as well as a holding a coffee morning for Macmillan Cancer Support.

Sport continues to be an important part of School life. There is a large sports field for football, athletics, cricket, hockey, rugby and rounders. Short tennis and netball are played on the purpose-built court. Swimming lessons took place at Cobham Hall during this academic year. Sports Day is very popular and taking part is praised as much as winning. The sensory garden and wildlife trail are enjoyed by the children throughout the year. The pupils grow vegetables and flowers as part of their learning and appreciation of nature as well as for their wellbeing. The vegetables are utilised for school lunches. The Annual Prize Giving took place on the sports field in the summer with all classes taking part in entertaining the parents and visitors.

The 90th anniversary of the school took place in July to the delight of many current and ex staff and pupils, including pupils from the 1950s. A special exhibition showed the work Miss Bignold had accomplished over the years and how the school has progressed since it became a Charitable Trust. The current staff worked hard to produce this special event. It was combined with the annual fete on a beautiful day and with entertainment by the children. Dr Kristopher Page, an ex-pupil, gave a speech about his time at the school when it became a Charitable Trust and thanked past and present pupils, staff,and parents for continuing the legacy of Miss Bignold into the future.

Headteacher, Mrs Helen Millward, has taken the Schoo! from strength to strength, reviewed the policies and updated all the curriculum schemes and strategic review plan. All the staff (teaching, admin and kitchen) work with their customary commitment and energy, which is part of what makes Steephill such a successful school and are to be thanked for all their hard work this year. Volunteers Steephill is fortunate to have a number of volunteers, including parents, and they work with the children on a regular basis giving assembly talks, listening to reading, etc. Parents can also take part in school life by joining the Parents Association FOSS (Friends of Steephill School). Friends of Steephill School (FOSS) The FOSS committee members meet amongst themselves to organise fund-raising events throughout the year. They discuss their proposed ideas with the Headteacher. They usually hold their AGM in the autumn term for parents, teachers, governors and committee members to attend. FOSS raised £822 during the year, in recent years they have provided an electric piano and bought an incubator for chicks/ducklings to be hatched which has proved a wonderful experience for the children. They organised the very successful event to mark the 90th anniversary of the School in July which was enjoyed by present and past pupils, staff and parents. Steephill children benefit greatly from the goods and equipment donated to the School by FOSS. Their members are all to be thanked for their hard work and dedication during the year. No doubt the new committee will enjoy the same support in achieving a very successful year and we wish them all well.

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STEEPHILL SCHOOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

FINANCIAL REVIEW

Financial position

The School is financially stable with sufficient funds to cover all obligations. The recent government imposition of VAT on fees has presented more of a challenge, but the funds and number of pupils is healthy. The fees are set at a level to ensure the financial viability of the School and at a level which is consistent with the aim of providing a first class education for pupils. No one person has Significant Control and the Board does not make Social Investments.

The Bursary Policy addresses financial support for some families who may otherwise not be able to access the school. This support is currently offered to 3 pupils at the school in accordance with the school's policy. A monthly payment plan is available to help those who wish to fund educational costs through regular contributions. It also offers sibling discounts for the third child of a family attending school at once. Reserves policy The principal source of income is fees. The Governors are continuing their strategy of deploying incoming resources to investing in the educational purposes and fabric of the school at the same time as retaining sufficient reserves for future needs. As a charity the pupils' parents have the assurance that all the income of the School must be applied for educational purposes. The Governors review the level of reserves held on an annual basis with a view to ensuring that the company has sufficient resources to fund its activities and to provide adequate resources as well as developing the facilities of the School. The Governors aim to hold two terms costs in reserves and consider that level to be adequate for the present time

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

New governors are appointed by means of a majority vote of the existing board and we have been lucky to appoint 6 new governors in the last year.

Organisational structure

Structure, Governance and Management The Governors, who are also the charity trustees, are responsible for the overall management and control of the School. They determine the general policy of the School. The Headteacher is responsible for the day to day running of the School along with the Bursar and undertake the key leadership role overseeing educational, pastoral and administrative functions in consuitation with the senior staff. This is within the policies and procedures approved by the Governors. Significant expenditure decisions and major capital projects are referred to the Governors for prior approval. The Head and Bursar are invited to attend all Board meetings to give regular reports. The Board meets regularly to manage the School's affairs. The Finance & Strategy Committee meet more often to review the budget, salaries, costs and future financial planning to recommend actions to the full Board. Financial reports are given at every Board meeting. Martin Levy, as well as head of the F & S Committee, is the Board's Chairman. Other committee meetings, such as Health & Safety & Sustainability, and Education, are held in between full Board of Governors’ meetings. The Board members are kept in regular touch by email or phone between meetings and visit the school from time to time. All the Governors attend in-house or online training days on Child Protection and Safeguarding each year. The insurance is reviewed and updated annually. All Governors give of their time freely and no remuneration or expenses were paid in the year. No Governor or person connected with a Governor receive any benefit from either means-tested bursaries or scholarships awarded to pupils.

The Annual General Meeting took place on 14th May 2025 when the Financial Statement of the annual accounts, audited by Carleys, were approved. The auditors were re-appointed for the ensuing academic year. Martin Levy and Jenny Smith-Spark retired on rotation but were re-appointed for a further 3 years.

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STEEPHILL SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The Governors are responsible for the overseeing of the risks faced by the school. Detailed considerations of risk are delegated to the Finance & Strategy Committee. Risks are identified, assessed and controls established throughout the year. A formal internal audit and review of the charity's risk management processes, Governance policy and Social Investments Policy and ‘Persons with Significant Control’ Policy are undertaken on a regular basis. The Governors have assessed the major risks to which the charity is exposed. The imposition of VAT on fees from January 2025, the increase in National Insurance and the National Minimum Wage, in addition to the loss of Business Rates Relief and general increases in costs, have been a challenge but the School's Bursar has continued to keep costs to a minimum and ensured we stick within budget. The school's success is built on its reputation for the excellent education and well-being of the pupils. Current and Future Development Report The Governors intend to continue their current strategies of maintaining the school's position in a competitive market by investing to provide high quality education for the pupils. Achieving a high standard of academic results is a constant aim whilst maintaining the breadth and depth of the education provided. Planning permission is in place for an extension to the hail, office and kitchen when funds are available. During 2024/25 the sleeper wall was replaced and steps to the netball court mended. New railings were erected around the Early Years outside area and the children's toilets in the main house were refurbished.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02478341 (England and Wales)

Registered Charity number

803152

Registered office

Off Castle Hill Fawkham Longfield Kent DA3 78G

Trustees

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |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/HR/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/FOSS|liaison| |Bhawna|Hindocha|Education|Committee|(incl.|SEND,|Safeguarding|& Welfare)|

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||||||| |---|---|---|---|---|---| |Company|Secretary| |Sandra|Scotting| |Headteacher| |Mrs|Helen|Millward|From|July|2024| |Auditors|Bankers| |Carleys|Lloyds|Bank|Plc| |Registered|Auditor|25|Gresham|Street| |Second|Floor|South|London| |The|Fitted|Rigging|House|EC2V|7HN| |Anchor|Wharf| |The|Historic|Dockyard| |Chatham| |Kent|ME4|4TZ|

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STEEPHILL SCHOOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 ;

I

STATEMENT OF TRUSTEES' RESPONSIBILITIES 5; The Governors/Trustees (who are also directors of Steephill Schoo! for:the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Governors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Governors are required to select suitable accounting policies and then apply them consistently; observe méthods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Governors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ThereIn so faris noas therelevant governorsauditareinformationaware: of which the charitable company's auditors are unaware, and the governors have taken all steps that they ought to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORSCarleys (formerly known as The Carley Partnership) were appointed for the 2015/16 audit and re-appointed each academic year since then. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on A. ge Feboa any, 26a signed on its behalf by: M R Levyne - a ,

:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF STEEPHILL SCHOOL

Opinion

We have audited the financial statements of Steephill School (the ‘charitable company’) for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 18 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF STEEPHILL SCHOOL area Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to 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 smail companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

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

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

Our responsibilities for the audit of the financial statements

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

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, our approach was as follows: ~ we obtained an understanding of the nature of the industry and sector, including the legal and regulatory frameworks that are applicable to the company and of how the company is complying with those frameworks; ~ we enquired of management about their own identification and assessment of the risks of irregularities, including any known instances of fraud; - we discussed matters concerning non-compliance with laws and regulations and how fraud might occur including assessment of how the financial statements might be susceptible to fraud.

As a result of these procedures we consider that the most significant laws and regulations relating to the financial statements are the Companies Act 2006, Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland', Independent Schools Inspectorate and tax compliance regulations. We performed audit procedures to enable us to detect non-compliance with significant laws and regulations which may have a material impact on the financial statements which included reviewing disclosures within the financial statements and inspecting correspondence with tax authorities.

We considered the risk of fraud through management override and revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. In response, we incorporated testing of the appropriateness of journal entries, assessing judgements made by management in making accounting estimates and evaluating the business rationale for any significant unusual transactions or those outside the normal course of business. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF STEEPHILL SCHOOL

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and 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

3 March 2026

Page 9

STEEPHILL SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

2025 2024
Unrestricted Total
fund funds
Notes E £
INCOMEAND ENDOWMENTS FROM
Charitable activities 3
Education ofchildren 1,180,313 1,433,500
Investment income 2 40,677 18,700
Other income 21,643 17,546
Total 1,242,633 1,469,746
EXPENDITURE ON
Charitable activities 4
Education ofchildren 1,131,576 1,288,585
School premises costs 110,314 98,718
Total 1,241,890 1,387,303
NETINCOME 743 82,443
RECONCILIATION OF FUNDS
Total funds broughtforward 1,236,156 1,153,713
TOTALFUNDSCARRIEDFORWARD 1,236,899 1,236,156

The notes form part of these financial statements

Page 10

STEEPHILL SCHOOL

BALANCE SHEET 31 AUGUST 2025

;

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|||||||||| |---|---|---|---|---|---|---|---|---| |eC|vO| |Ne|2025|2024| |x|}.|Unrestricted|Total| |Os|fund|funds| |Notes|£|£| |FIXED ASSETS| |Tangible|assets|11|422,037|459,952| |CURRENT ASSETS|no| |Stocks|12|5,000|5,000| |Debtors|13|113,299|76,080| |Cash|at bank|974,135|1,005,643| |1,092,434|1,086,723| |CREDITORS| |Amounts|falling|due|within|one|year|14|(185,572)|(202,519)| |NET CURRENT ASSETS|906,862|884,204| |TOTAL ASSETS|LESS CURRENT|LIABILITIES|1,328,899|1,344,156| |CREDITORS| |Amounts falling due|after more than one year|15|(92,000)|(108,000)| |NET ASSETS|1,236,899|1,236,156| |FUNDS|16| |Unrestricted|funds|1,236,899|1,236,156| |TOTAL FUNDS|1,236,899|1,236,156|

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

The financial statements were approved by the Board of Trustees and authorised for issue on cn d@nl FheAxb........ and were signed on its behalf by:

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M (Chairman) | Trustee
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The notes form part of these financial statements

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STEEPHILL SCHOOL

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

2025 2024
Notes £ £
Cash flowsfrom operating activities
Cash generated from operations 1 (81,127) 64,834
Net cash (used in)/provided by operating activities (81,127) 64,834
Cash flows from investing activities
Sale oftangible fixed assets 8,942 -
Interest received 40,677 18,700
Net cash provided by investing activities 49,619 18,700
Change in cash and cash equivalents in
the reporting period (31,508) 83,534
Cash and cash equivalents atthe
beginning ofthe reporting period 1,005,643 922,109
Cash and cash equivalents atthe end of
thereportingperiod 974,135 1,005,643

The notes form part of these financial statements

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STEEPHILL SCHOOL

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

a
Oe		 a
Oe		 a
Oe		 a
Oe		 a
Oe		 a
Oe
1. RECONCILIATION OFNETINCOMETO NETCASH FLOW FROM OPERATING ACTIVITIES
2025 2024
£ £
Net income for the reporting period (as perthe Statement of
Financial Activities) 743 82,443
Adjustments for:
Depreciation charges 30,671 33,397
Profiton disposal offixed assets (1,700) -
Interest received
Rounding
Increase in debtors
(Decrease)/increase in creditors		 (40,677)
2
(37,219)
(32,947)		 (18,700)
(1)
(48,829)
16,524
Netcash (used in)/provided byoperations (81,127) 64,834
2. ANALYSIS OFCHANGES IN NETFUNDS
At 1.9.24 Cash flow At 31.8.25
£ £ £
Net cash
Cash at bank 1,005,643 (31,508) 974,135
1,005,643 (31,508) 974,135
Total 1,005,643 (31,508) 974,135

The notes form part of these financial statements

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources,

Allocation and apportionment of costs

Certain expenditure is directly attributable to the children's education and has been included in that cost category. Certain other costs, which while necessary do not constitute educational costs, are included under "education of children" as support costs.

Governance costs comprise expenses associated with the charity's status as a legal entity, rather than expenses that are for charitable purposes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property ~ 5% on cost and 2% on historical cost 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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over 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

The company has arranged a defined contribution pension scheme for the members of staff who are not eligible to join the Teachers’ Pension Scheme. The assets of this scheme are held separately from those of the company, being invested with insurance companies.

All pension costs are charged in the Statement of Financial Activities in the period in which they relate.

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STEEPHILL SCHOOL

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

2. INVESTMENTINCOME
2025 2024
£ £
Bank interest receivable 40,677 18,700
3. INCOME FROM CHARITABLE ACTIVITIES
2025 2024
Activity £ £
Gross invoiced school fees Education ofchildren 1,144,191 1,382,251
Less Bursaries Education ofchildren (42,230) (41,610)
Minibus, clubs, outings and
swimming Education ofchildren 78,352 92,859
1,180,313 1,433,500
4. CHARITABLE ACTIVITIES COSTS
Support
Direct
Costs		 costs (see
note 5)		 Totals
£ £ £
Education of children 970,792 160,784 1,131,576
School premises costs 110,314 - 110,314
1,081,106 160,784 1,241,890
5. SUPPORT COSTS
Other
£
Education ofchildren 160,784
Support costs, included in the above, are as follows:
2025 2024
Education
of Total
children activities
£ £
Management and administrative salaries 107,308 102,498
Sundries 1,920 2,071
Information Technology 12,600 12,781
Provision for bad debts - 21,870
Professional fees, subscriptions and
memberships 34,403 34,272
Accountancy charges 4,553 5,988
Bankcharges “ 60
160,784 179,540

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STEEPHILL SCHOOL

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

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Depreciation|- owned|assets|30,673|33,396| |Surplus|on|disposal|of fixed|assets|(1,700)|-|

----- End of picture text -----

  1. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees’ expenses

No expenses were paid to trustees during this year or the previous year.

8. STAFF COSTS

The average number of employees during the year, based on head count, was 37 (2024: 41). Analysis of staff costs and employee benefits is as follows:

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |£| |Gross|Salaries|722,562| |Social|Security|Costs|(Employer's|National|Insurance)|70,880| |Employer's|Pension|Contributions|103,861| |Operating|Costs|of|Pension|Scheme|0| |897.303|

----- End of picture text -----

The average full-time equivalent of teaching staff for the year was 13 (2024: 15) and of administrative and support staff 8 (2024 : 8), One employee received emoluments (excluding employer's pension and employer's National Insurance) in excess of £60,000. Key management personnel received remuneration as follows:

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----- Start of picture text -----
||||| |---|---|---|---| |2025| |£| |Gross|salary|120,097| |Employer's|National|Insurance|15,096| |Employer's|pension|contributions|18,207| |153,400|

----- End of picture text -----

PENSIONS COSTS

During the year, 12 (2024: 12) teachers paid into the APTIS scheme. 20 other employees paid into a defined contribution scheme (2024: 20)

Contributions payable by the charity for the period were £103,861 (2024: £109,125). As at 31st August 2025, creditors included £15,406 (2024; £16,244) relating to pension contributions.

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STEEPHILL SCHOOL

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

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted| |fund| |£| |INCOME|AND|ENDOWMENTS|FROM| |Charitable|activities| |Education|of children|1,433,500| |Investment|income|18,700| |Other|income|17,546| |Total|1,469,746| |EXPENDITURE|ON| |Charitable|activities| |Education|of children|1,288,585| |School|premises|costs|98,718| |Total|1,387,303| |NET INCOME|82,443| |RECONCILIATION|OF|FUNDS| |Total|funds|brought|forward|1,153,713| |TOTAL|FUNDS CARRIED|FORWARD|1,236,156|

----- End of picture text -----

10. ACCOUNTANCY COSTS

During the year the accounts payable for the statutory audit were £1,550 (2024 : £1,680) and for other accountancy services were £1,705 (2024: £1,914).

11. TANGIBLE FIXED ASSETS

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Fixtures| |Freehold|and| |property|fittings|Totals| |£|£|£| |COST| |At|1|September 2024|863,931|87,213|951,144| |Disposals|(8,942)|-|(8,942)| |At|31|August|2025|854,989|87,213|942,202| |DEPRECIATION| |At|1|September|2024|409,318|81,874|491,192| |Charge|for|year|29,659|1,014|30,673| |Eliminated|on|disposal|(1,700)|=|(1,700)| |At|31|August|2025|437,277|82,888|520,165| |NET|BOOK VALUE| |At|31|August|2025|417,712|4,325|422,037| |At|31|August|2024|454,613|5,339|459,952|

----- End of picture text -----

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STEEPHILL SCHOOL

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

12. STOCKS

Kitchen and classroom stock

2025 2024
£ £
5,000 5,000

The stock held represents kitchen supplies, teaching materials and stationery which ail relate to the activity "education of children".

  1. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
13. DEBTORS: AMOUNTS FALLING DUE WITHINWITHIN ONE YEAR
2025 2024
£ E
Trade debtors 123,090 100,015
Provision for bad debts (30,298) (30,298)
Other debtors and prepayments 9,920 6,363
VAT 10,587 c
113,299 76,080
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 13,640 28,310
Social security and other taxes 16,675 14,389
Earlyyears funding 24,204 2,058
Credit balance debtors 111,874 136,878
Wages and pension creditor 15,116 16,244
Contra account 7 7
Accruals and deferred income 4,056 4,633
185,572 202,519
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORETHAN ONE YEAR CREDITORS: AMOUNTS FALLING DUE AFTER MORETHAN ONE YEAR
2025 2024
£ £
Parental retainers 92,000 108,000
16. MOVEMENT IN FUNDS
Net
movement At
At 1.9.24 in funds 31.8.25
£ £ £
Unrestricted funds
General fund 1,236,156 743 1,236,899
TOTALFUNDS 1,236,156 743 1,236,899

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STEEPHILL SCHOOL

NOTESFOR THE TOYEAR THE ENDEDFINANCIAL31 AUGUST STATEMENTS2025 - continued

eee

  1. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

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----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|1,242,633|(1,241,890)|743| |TOTAL FUNDS|1,242,633|(1,241,890)|743| |Comparatives|for movement|in|funds| |Net| |movement|At| |At|1.9.23|in|funds|31,8.24| |£|£|£| |Unrestricted|funds| |General|fund|1,153,713|82,443|1,236,156| |TOTAL FUNDS|1,153,713|82,443|1,236,156| |Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|1,469,746|(1,387,303)|82,443| |TOTAL FUNDS|1,469,746|(1,387,303)|82,443| |A|current year|12|months|and|prior|year|12|months combined|position|is|as|follows:|

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|||||| |---|---|---|---|---| |Net| |movement|At| |At|1.9.23|in|funds|31.8.25| |£|£|£| |Unrestricted|funds| |General|fund|1,153,713|83,186|1,236,899| |TOTAL FUNDS|1,153,713|83,186|1,236,899|

----- End of picture text -----

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STEEPHILL SCHOOL

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

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ E £
Unrestricted funds
General fund 2,712,379 (2,629,193) 83,186
TOTALFUNDS 2,712,379 (2,629,193) 83,186
  1. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025.

  1. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.

  1. OPERATING LEASE COMMITMENTS

The following operating lease payments are committed to be paid within the time periods specified:

Land Other Total
E £ £
Due within one year 3,000 12,840 15,840
Due between one and five years 12,600 9.630 22,230
Due after five years 94,134 0 94,134
109,734 22,470 132,204

The land is subject to rent revisions every five years.

20. PARENTAL RETAINERS

£
Balance at 1 September 2024 108,000
Amounts advance in the year (less repayments) -16,000
Balanceat31August2025 92,000

The retainers are not included in income as they are repaid once a child has left the school.

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STEEPHILL SCHOOL

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

21. LEGAL INFORMATION

Steephill School is a charitable company limited by guarantee, incorporated in England and Wales. Its registered office and principal office is Off Castle Hill, Fawkham, Longfield, Kent. DA3 7BG. Further information about the charity's activities are included in the Trustees' Report.

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STEEPHILL SCHOOL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

eee eee eee
2025 2024
£ £
INCOMEAND ENDOWMENTS
Investment income
Bank interest receivable 40,677 18,700
Charitable activities
Gross invoiced school fees
Less Bursaries
Minibus, clubs, outingsand swimming		 1,144,191
(42,230)
78,352		 1,382,251
(41,610)
92,859
1,180,313 1,433,500
Other income
Other incoming resources 21,643 17,546
Total incoming resources 1,242,633 1,469,746
EXPENDITURE
Charitable activities
Ratesandwater
Insurance
Lightand heat
Telephone
Postage and stationery
Advertising and promotion
School supplies
Kitchen supplies
Teachingand otherstaffcosts
Pension costs
Maintenance staffand costs
Cleaning and caretaking
Stafftraining
Equipment leasing costs
Equipment purchasesand repairs
Car parkand field rentand maintenance costs
Minibus, clubs, outings and swimming
Freehold property
Shortleasehoid
Computerequipment
Losson sale of tangible fixed assets		 12,899
24,228
20,116
5,513
4,020
2,003
21,485
20,068
650,383
83,822
76,401
27,917
2,885
5,514
(1,263)
4,267
91,877
29,658
-
1,013
(1,700)		 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
=
1,081,106 1,207,763
Support costs
Other
Managementand administrative salaries
Sundries
Information Technology
Provision forbad debts
Professional fees, subscriptions and
memberships
Carriedforward		 107,308
1,920
12,600
-
34,403
156,231		 102,498
2,071
12,781
21,870
34,272
173,492

This page does not form part of the statutory financial statements

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STEEPHILL SCHOOL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

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||||| |---|---|---|---| |eee| |2025|2024| |Other|£|£| |Brought forward|156,231|173,492| |Accountancy charges|4,553|5,988| |Bank charges|-|60| |160,784|179,540| |Total|resources expended|1,241,890|1,387,303| |Net income|743|82,443|

----- End of picture text -----

This page does not form part of the statutory financial statements

Page 23