London Christian School Ltd - Charities report

REGISTERED COMPANY NUMBER: 06288947 (England and Wales)

REGISTERED CHARITY NUMBER: 1133692

Report of the Trustees and

Audited Financial Statements

for the Year Ended 31 August 2025

for

London Christian School Ltd

(A Company Limited by Guarantee)

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

5

Report of the Independent Auditors

6

to

8

Statement of Financial Activities

9

Balance Sheet

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

to

21

TRUSTEES

C D Fishlock

J Ammoun

N Collett-White

C J Hoare

A J McCallister (resigned 27.1.2025)

T C W Wright

M I West

G K Y Huang

M J Burden

J D C Monro

E H Price (appointed 23.6.2025)

COMPANY SECRETARY

C E Ellse

REGISTERED OFFICE

40 Tabard Street

London

SE1 4JU

REGISTERED COMPANY

NUMBER

06288947 (England and Wales)

REGISTERED CHARITY NUMBER

1133692

SENIOR STATUTORY AUDITOR

Gareth Owen Hughes BSc ACA

AUDITORS

Garside and Co. Limited

Chartered Accountants & Statutory Auditor

Suite 631, Linen Hall

162-168 Regent Street

London

W1B 5TG

SOLICITORS

Moore Barlow LLP

Gateway House Tollgate

Chandler's Ford

Eastleigh, Hampshire

SO53 3TG

BANKERS

Reliance Bank

Faith House

23-24 Lovat Lane

London

EC3R SEB

The trustees 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 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

London Christian School Ltd registered as a charity (Charity Number: 1133692) in January 2010. The charitable company was established to provide excellent Christian education for the children of London.

Public benefit

The trustees have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance in relation to charities for the advancement of education, and are satisfied that the activities of London Christian School Ltd fall within that guidance, including the provision of bursaries to cover hardship.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

London Christian School was established in 2007 with the aim of providing an excellent Christian education for children in central London. In September 2009, the school moved into permanent premises on Tabard Street in Borough and we continue to benefit from the spacious, purpose-designed and well-maintained building.

We have been able to provide very high quality education at a fee level below the majority of independent schools in London. Children from all backgrounds attend the school, with the majority living within a two mile radius of the school. During the 2024-25 year, we provided bursaries for ten children, ranging from 10% - 100% reduction of fees.

We welcomed an additional sixteen children into Early Reception and Reception in September 2024. We have seen the children thriving academically, and showing healthy social and emotional progress

This year saw an increase in income from our charitable activities in the form of school fees.

FINANCIAL REVIEW

Financial position

The Financial Statements cover all the activities of the charitable company and have been prepared on an accrual basis.

Our total incoming resources were £1,599,643 (2024: £1,512,052), derived mainly from school fees, grant income and small donations received during the year.

This year saw an increase in income from our charitable activities in the form of school fees, We also continued to receive a healthy amount of income from After School Clubs and extra-curricular activities.

We received a support grant from UK Christian Schools Ltd of £56,414 (2024: £82,440) to be used primarily for building maintenance costs and the funding of one full bursary place.

Expenditure on charitable activities amounted to £1,620,072 (2024: £1,501,509 ) including Support costs of £12,462 (2024: £12,738 ).

For the year ended 31 August 2025 the charitable company returned a net deficit of £20,429 (2024 :£10,534 net surplus).

The trustees are satisfied with the financial position of the charitable company and confirm that they have adequate assets available to fulfil their obligations

Reserves policy

The trustees long term aim is to establish reserves at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider this to be a prudent approach to provide sufficient funds to respond to the running of the school and ensure that the support and governance costs are covered. The balance for unrestricted funds at 31 August 2025 was £244,718 (2024: £265,147 ).

Going concern

The trustees consider there are no material uncertainties about the charitable company's ability to continue as a going concern. The review of the financial position, reserve levels and future plans gives trustees confidence the charitable company remains a going concern for the foreseeable future. Further details regarding the adoption of the going concern basis can be found in the Notes to the Financial Statements - Accounting Policies.

FUTURE PLANS

September 2024 brought the start of our seventeenth year at London Christian School. We are delighted that the acquisition by UK Christian Schools Ltd of the next door building at 30-32 Tabard Street has allowed us to enhance the school facilities over the last year. In particular, the summer of 2024 saw renovation work in the basement and ground floor of 30 Tabard Street, joining it to our existing school building and creating additional hall space and a kitchen allowing us to offer hot lunches from September 2024. The building at 40 Tabard Street continues to be refreshed and together with the next door building meets our needs well at present and as we look to the future.

The children are spread over eight academic years, from Early Reception to Year 6, with a one-form entry model. We began the academic year with 115 children. We gained and lost some children throughout the year and ended in July 2025 with 115 children. The majority of leavers were primarily due to relocation nationally and internationally.

Our Year 6 leavers moved on to secondary schools at the end of the year. We were delighted with their 11+ results, and they accepted competitive places, including some scholarship awards (indicated by *), at Alleyn's School (2), Cardinal Vaughan Memorial School (2), City of London School (1), Colfe's (1*), Harris Academy Battersea (1), St Celia's Church of England School (2*), St Dunstan's College (4*), St Michael's Catholic College (1), The Grey Coat Hospital School (1), Whitgift (2*).

We were thankful for the provision of so many excellent teachers, teaching assistants and staff. Miss Nicola Collett-White continued as Headmistress. She was assisted by nine full time and four part time teachers, one training teacher, four full time and one part time teaching assistants. We continued to bring in the services of other external specialist teachers such as Mandarin, Latin, chess, fencing, ballet and instrumental. This level of staffing enables us to maintain our excellent staff to student ratio, as well as providing a welcome internal buffer of cover for staff training or sickness.

We continue to receive enquiries from prospective parents and have a very good reputation in the local area. Our most effective means of advertising has been word-of-mouth with satisfied parents and children promoting the school. We continue to be well-subscribed for the younger years in the school; indeed, the acquisition of 30-32 Tabard Street provides opportunities for a modest expansion in pupil numbers which we intend to capitalise on through enhanced local and online marketing.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee, as defined by the Companies Act 2006, and is governed by its Memorandum and Articles of Association.

Charity constitution

London Christian School Ltd is a company limited by guarantee and a registered charity.

Registered company number

06288947 (England and Wales)

Registered charity number

1133692

Recruitment and appointment of new trustees

The Board has the power at any time to appoint, by ordinary resolution agreed by a simple majority, any person or organisation who is willing to be a Board member, either to fill a casual vacancy or as an addition to the existing members.

Membership is open to other individuals or organisations who:

- apply to London Christian School in the form required by the Board,

- are approved by the Board, and

- testify in writing their unqualified adherence to the Doctrinal Statement as set out previously in the memorandum of association.

The number of trustees shall be not less than three but, unless otherwise determined by ordinary resolution, shall not be subject to any maximum.

Induction and training of new trustees

The trustees keep themselves up to date with charity law and regulations pertaining to the educational sector, so that they can bring an informed eye to their work. The trustees ensure that the company benefits from high-quality investment and legal advice.

Organisational structure

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

C D Fishlock

J Ammoun

N Collett-White

C J Hoare

A J McCallister (resigned 27.1.25)

T C W Wright

M I West

G K Y Huang

M J Burden

J D C Monro

E H Price (appointed 23.6.25)

The Board consists of current and past parents, staff members and external individuals, all with a passion for seeking to develop our school. They meet each half term to discuss the school action plan and to monitor safeguarding, finances and implementation of policies. Our trustees are keen to be involved in school life through visits, assemblies and events.

Risk management

The trustees have a duty to identify and review the risks to which the charitable company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Internal systems and procedures are in place to control all financial transactions and ensure the charitable company's activities comply with all applicable regulations.

Related parties

Details of related parties, where the trustees have responsibility for other charities which have dealings with London Christian School Ltd, are set out in the notes to the accounts, where applicable.

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of London Christian School Ltd 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 trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the 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 trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities 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 charitable company will continue in business.

The trustees 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.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Garside & Co. Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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 18 May 2026 and signed on its behalf by:

C D Fishlock - Trustee

Opinion

We have audited the financial statements of London Christian School Ltd (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:

-	give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 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

-	have been prepared in accordance with the requirements of the Companies Act 2006.

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 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

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

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

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 small 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 Trustees' Responsibilities Statement, 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:

The charitable company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statements items.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

Our procedures included:

- Discussion with those in charge with management, and from inspection of the entity's regulatory and legal correspondence.

- Discussion with those charged with management the policies and procedures regarding compliance with laws and regulations;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; and

- Enquiry of management, those charged with governance around actual and potential litigation and claims.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect noncompliance with all laws and regulations.

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.

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.

Gareth Owen Hughes BSc ACA (Senior Statutory Auditor)

for and on behalf of Garside and Co. Limited

Suite 631, Linen Hall

London

W1B 5TG

18 May 2026

31.8.25

31.8.24

Unrestricted

Total

fund

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and grants

2

65,698

88,170

Charitable activities

4

Provision of education

1,510,948

1,421,625

Investment income

3

21,353

-

Other income

5

1,644

2,257

Total

1,599,643

1,512,052

EXPENDITURE ON

Charitable activities

6

Provision of education

1,620,072

1,501,509

NET INCOME/(EXPENDITURE)

(20,429

)

10,543

RECONCILIATION OF FUNDS

Total funds brought forward

265,147

254,604

TOTAL FUNDS CARRIED FORWARD

244,718

265,147

31.8.25

31.8.24

Unrestricted

Total

fund

funds

Notes

£

FIXED ASSETS

Tangible assets

12

24,315

30,501

CURRENT ASSETS

Stocks

13

924

508

Debtors

14

231,980

10,565

Cash at bank and in hand

1,200,205

1,313,991

1,433,109

1,325,064

CREDITORS

Amounts falling due within one year

15

(1,212,706

)

(1,090,418

)

NET CURRENT ASSETS

220,403

234,646

TOTAL ASSETS LESS CURRENT

LIABILITIES

244,718

265,147

NET ASSETS

244,718

265,147

FUNDS

16

Unrestricted funds

244,718

265,147

TOTAL FUNDS

244,718

265,147

The financial statements were approved by the Board of Trustees and authorised for issue on 18 May 2026 and were signed on its behalf by:

C D Fishlock - Trustee

G K Y Huang - Trustee

Cash flows from operating activities

Cash generated from operations

1

(132,973

)

552,818

Net cash (used in)/provided by operating activities

(132,973

)

552,818

Cash flows from investing activities

Purchase of tangible fixed assets

(2,166

)

(12,342

)

Interest received

21,353

-

Net cash provided by/(used in) investing activities

19,187

(12,342

)

Change in cash and cash equivalents in the

reporting period

(113,786

)

540,476

Cash and cash equivalents at the beginning

of the reporting period

1,313,991

773,515

Cash and cash equivalents at the end of the

reporting period

1,200,205

1,313,991

1.	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.8.25

31.8.24

£

Net (expenditure)/income for the reporting period (as per the Statement

of Financial Activities)

(20,429

)

10,543

Adjustments for:

Depreciation charges

7,504

6,587

Interest received

(21,353

)

-

Increase in stocks

(416

)

(509

)

(Increase)/decrease in debtors

(221,415

)

6,075

Increase in creditors

123,136

530,122

Net cash (used in)/provided by operations

(132,973

)

552,818

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

Net cash

Cash at bank and in hand

1,313,991

(113,786

)

1,200,205

1,313,991

(113,786

)

1,200,205

Total

1,313,991

(113,786

)

1,200,205

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.

London Christian School Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in pound sterling (£), which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

Legal status

The charity is a company limited by guarantee. The members of the company are the trustees named on page 1 - Reference and Administrative Details. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company.

Going concern

The trustees assess whether the use of the going concern basis is appropriate, namely whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern for the foreseeable future. The trustees make this assessment in respect of a period of at least twelve months from the date of authorisation for issue of these financial statements. Having considered the charitable company's forecasts, projections, and cash reserves, and taking into account reasonable fluctuations in pupil numbers and expected demand for its educational services, the trustees consider that the charitable company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the ability to continue as a going concern. Accordingly, they continue to adopt the going concern basis of accounting in preparing these financial statements.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charitable company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed in the accounting policies above.

Income recognition

All income resources are recognised in the Statement of Financial Activities when the charitable company becomes legally entitled to the use of the resources, an inflow of economic benefit is probable and the monetary value can be measured with sufficient reliability.

Income from charitable activities comprises school fees which are recognised on a straight line basis over the academic year (1 September to 31 August) to which they relate.

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

Grants for immediate financial support and assistance, or to reimburse costs previously incurred, are recognised immediately.

Where donations and grants are restricted to future accounting periods, they are deferred and recognised in those future accounting periods.

Other income is recognised in the year it is receivable and to the extent the charitable company has provided the goods or services.

All income is measured at the fair value of the consideration received or receivable, net of any rebates or discounts, as applicable.

Expenditure recognition

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.

All 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.

Charitable activities costs are costs incurred on the charitable company's educational operations, including support costs and costs relating to the governance of the charitable company.

All resources expended are inclusive of irrecoverable VAT.

Operating leases

Rental charges paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Tangible fixed assets

Tangible fixed assets are initially measured at costs and subsequently measured at cost or valuation, net of depreciation and any provision for impairment. Depreciation is recognised so as to write off the cost or valuation less estimated residual values of all fixed assets over their expected useful lives. It is calculated at the following rates:

Fixtures, Fittings and Equipment

10% straight line basis

Plant and Machinery

20% straight line basis

Any gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and it is recognised in net income/(expenditure) for the year.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.

Taxation

The charitable company is exempt from corporation tax on its charitable activities.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Pensions

The charitable company operates a defined contribution scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS AND GRANTS

31.8.25

31.8.24

£

Donations and gifts

8,839

5,599

Grants

56,414

82,440

Commission received

445

131

65,698

88,170

Grants received, included in the above, are as follows:

31.8.25

31.8.24

£

Grant from UKCS

56,414

82,440

The support grant from UK Christian Schools Ltd (UKCS) is an unrestricted grant which London Christian School uses primarily for building maintenance costs and the funding of one full bursary place.

3.	INVESTMENT INCOME

31.8.25

31.8.24

£

Interest income

21,353

-

4.	INCOME FROM CHARITABLE ACTIVITIES

Included within Income from Charitable Activities is £8,853 relating to Education, Health and Care Plan (EHCP) funding.

5.	OTHER INCOME

31.8.25

31.8.24

£

Miscellaneous income

1,644

2,257

6.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 7)

Totals

£

Provision of education

1,606,797

13,275

1,620,072

7.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

Provision of education

813

12,462

13,275

Support costs, included in the above, are as follows:

Finance

31.8.25

31.8.24

Provision

of

Total

education

activities

£

Bank charges

813

848

Governance costs

31.8.25

31.8.24

Provision

of

Total

education

activities

£

Auditors' remuneration

8,250

8,400

Payroll processing fees

4,212

3,490

12,462

11,890

8.	NET INCOME/(EXPENDITURE)

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

31.8.25

31.8.24

£

Depreciation - owned assets

7,502

6,586

Rental charges

180,000

148,926

Auditors' remuneration

8,250

8,400

9.	AUDITORS' REMUNERATION

31.8.25

31.8.24

£

Fees payable to the charity's auditors for the audit of the charity's financial

statements

8,250

8,400

10.	TRUSTEES' REMUNERATION AND BENEFITS

Two (2024: two) of the trustees have been paid remuneration or have received other benefits for their services as employees of London Christian School Ltd during the year ended 31 August 2025.. These payments were made under approved contracts of employment.

Total remuneration and other benefits, including employer pension contributions, was as follow:

31.8.25

31.8.24

£

Collett-White, N

76,864

West, M

43,468

41,241

120,332

118,105

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

11.	STAFF COSTS

31.8.25

31.8.24

£

Wages and salaries

987,041

1,004,457

Other pension costs

43,858

37,452

1,030,899

1,041,909

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

31.8.25

31.8.24

Teaching staff

19

20

Administrative staff

7

26

27

Key management personnel

The total amount of employee benefits, including employer pension contributions, received by key management personnel for their services to the charitable company during the year ended 31 August 2025 was £142,541 (2024: £141,593).

12.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 September 2024

61,549

81,190

142,739

Additions

-

2,166

Reclassification

(850

)

-

(850

)

At 31 August 2025

60,699

83,356

144,055

DEPRECIATION

At 1 September 2024

45,119

67,119

112,238

Charge for year

4,981

2,521

7,502

At 31 August 2025

50,100

69,640

119,740

NET BOOK VALUE

At 31 August 2025

10,599

13,716

24,315

At 31 August 2024

16,430

14,071

30,501

13.

STOCKS

31.8.25

31.8.24

£

Stocks

924

508

14.

DEBTORS

31.8.25

31.8.24

£

Amounts falling due within one year:

Trade debtors

159,039

-

Prepayments

71,763

10,565

230,802

10,565

Amounts falling due after more than one year:

Gift Aid Receivable

1,178

-

Aggregate amounts

231,980

10,565

15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade creditors

110,841

31,725

Social security and other taxes

18,944

21,867

VAT

50,597

-

Deposit held

366,244

301,860

Fees in advance

655,099

718,890

Pension payable

7,649

5,922

Accruals and deferred income

3,332

10,154

1,212,706

1,090,418

16.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.24

in funds

31.8.25

£

Unrestricted funds

General fund

265,147

(20,429

)

244,718

TOTAL FUNDS

265,147

(20,429

)

244,718

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

1,599,643

(1,620,072

)

(20,429

)

TOTAL FUNDS

1,599,643

(1,620,072

)

(20,429

)

Comparatives for movement in funds

Net

movement

At

At 1.9.23

in funds

31.8.24

£

Unrestricted funds

General fund

254,604

10,543

265,147

TOTAL FUNDS

254,604

10,543

265,147

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

1,512,052

(1,501,509

)

10,543

TOTAL FUNDS

1,512,052

(1,501,509

)

10,543

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.9.23

in funds

31.8.25

£

Unrestricted funds

General fund

254,604

(9,886

)

244,718

TOTAL FUNDS

254,604

(9,886

)

244,718

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

£

Unrestricted funds

General fund

3,111,695

(3,121,581

)

(9,886

)

TOTAL FUNDS

3,111,695

(3,121,581

)

(9,886

)

17.	RELATED PARTY DISCLOSURES

London Christian School Ltd has a related party relationship with UK Christian Schools Ltd by virtue of a shared trustee.

During the year ended 31 August 2025, London Christian School Ltd made payments totalling £180,000 (2024:£141,926 ) to UK Christian Schools Ltd for the rental of 40 Tabard Street, London SE1 4JU.

One (2024:Two) close family member of the trustees received remuneration and other benefits, including employer pension contributions, of £12,938 (2024: £17,088) for their work performed towards the charitable company's objectives.

These payments were made under approved contracts of employment.

Where applicable, staff and sibling discounts were made available during the year under review.