| Page | |
|---|---|
| Companyinformation | 1-2 |
| Directors'report, Strategic report andtheDirectors' | 3-33 |
| responsibility statement | |
| Independentauditor'sreport | 34-37 |
| Consolidated statement offinancialactivities | 38 |
| Company statementoffinancial activities | 39 |
| Consolidated and Company Balance Sheet. | 40 |
| Consolidated cashflow statement | 41 |
| Notes to the financial statements oftheCompany | 42-74 |
| Governors | MrMRSlumbers(Chair) |
|---|---|
| MsKAhton | |
| LordGBarker | |
| Dr FJ Calvar | |
| MrsJBrown (resigned27June2025) | |
| MrsPCleeve | |
| MrRCrawford Clarke | |
| Ms S Denning | |
| MrAD Fairclough | |
| ProfMJGFarthing | |
| MrTJPHancock | |
| MrJB Higgo | |
| MrJHunter | |
| TheVenLlrvine-Capel(resigned 10Jan2025) | |
| MrHCRLawson | |
| MsYMangalji | |
| Mr JAScott | |
| Ex-Officio Provost | TheRt RevdCJMeyrick, BishopofLynn |
| Secretaryand Glerk | MrsBM Hibbert |
| CharityNo. | 1076483 |
| CompanyNo. | 03779985 |
| Principal addressandRegistered Office | Lancing College |
| Lancing | |
| WestSussex | |
| BN15ORW | |
| Key Management Personnel | |
| Head | DT Oliver (resigned17August 2025) SRCrawford(appointed18August 2025) |
| Bursar | M B Milling CA |
| Auditor | Moore Kingston SmithLLP |
| 9AppoldStreet | |
| London | |
| EC2A2AP | |
| Bankers | Barclays Bank plc |
| 1Churchill Place | |
| CanaryWharf | |
| London E145HP |
| 2024t25 | 2023t24 | |||
|---|---|---|---|---|
| Senior school | 610 | 596 | ||
| Hove Prep | 184 | 190 | ||
| Hove Pre-Prep | 82 | 92 | ||
| Worthing Prep | 143 | 150 | ||
| Worthing Pre- | ||||
| Prep | 76 | bb | ||
| Total | ---1,99!- | 1,094 | ||
| 2024t25 | 2023t24 | |||
| Boys | Girls | Boys | Girls | |
| Senior school | 347 | 263 | 327 | 269 |
| Hove Prep | 102 | 82 | 112 | 78 |
| Hove Pre-Prep | 52 | 30 | 55 | 37 |
| Worthing Prep | 83 | 60 | 83 | 67 |
| Worthing Pre- | ||||
| Prep | 41 | 35 | 40 | 26 |
| Total | 625 | 4?O | 617 | 477 |
| Energy andCarbon Reporting | ||
|---|---|---|
| 2025 | 2024 | |
| Energy consumptio n used to calculate emissions(kwh) | 7.303.495 | 7.337,241 |
| Energy consumption breakdown(kwh) | ||
| . Gas |
4,441,542 | 4,808,068 |
| oElectricity | 2,209,457 | '1,982,688 |
| . Heatingoil . Transport fuel oBusinesstravel(employee-owned vehicles) |
375,465 255,051 25,439 |
285,722 240,165 20,598 |
| Scope 1 Emissions in metrictonnesCO2e |
||
| . Gas |
812.62 | 887.04 |
| oHeatingOil | 95.42 | 74.29 |
| oTransoort fuel | 61.88 | 57.12 |
| TotalScooeI | 969.92 | 1.018.45 |
| Scope2 Emissions in metrictonnesCO2e |
||
| ¡ Purchasedelectricitv Scope3 Emissions in metrictonnesCO2e |
391.07 | 410.52 |
| ¡ Businesstravelin emplovee-owned vehicles Totalgross emissions in metric tonnesCO2e |
5.81 4.77 1.366.801.433.74 |
|
| Intensity ratio:emissionsintonnesCO2eperpupil | 1.18 | '1.24 |
| he committeesofwhich theywe | remembers,are: |
|---|---|
| MrMRSlumbers(Chair) | Finance andGeneralPurposes |
| MembershipandNominations | |
| lnvestment | |
| Exofficio all other subcommittees | |
| MsKAhton | Staff Liaison Committee |
| Safeguarding | |
| LordGBarker | Education |
| Sustainability | |
| MrsJBrown | Education (resigned27June2025) |
| MrRCrawford Clarke | Finance andGeneralPurposes |
| Sustainability | |
| MrsPCleeve | Staff Liaison Committee (Chair) |
| Ms S Denning | DesignatedSafeguarding Governor(appointedJan2025) |
| Safeguarding (Chair) | |
| Education | |
| MrAD Fairclough | Finance andGeneralPurposes |
| ProfMJGFarthing | Education (Chair) |
| MrTJPHancock | Finance andGeneralPurposes (Chair) |
| lnvestment | |
| MrJB Higgo | Education |
| MrJHunter | Safeguarding |
| TheVenL lrvine-Capel | Designated Safeguarding Governor (resigned10Jan 2025) |
| Safeguarding (Chair) | |
| MrHCRLawson | MembershipandNominations |
| Sustainability (Chair) | |
| MsYMangalji | Finance andGeneralPurposes |
| lnvestment | |
| DrJA Scott | Finance andGeneralPurposes |
| Sustainability | |
| Dr FJCalvar | Finance andGeneralPurposes |
| Unrestricted | Restricted | Endowed | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2025 | 2024 | |
| € | € | Ê | Ê | Ê | ||
| lncome and endowmentsfrom: | ||||||
| Income from CharitableActivities | ||||||
| School fees receivable | 2 | 27,744,198 | (703,445|(43,653) | 26,997,r00 | 26,096,946 | |
| Ancillary trading income | 3 | 853,274 | 119,250 | 972,524 | 824,721 | |
| Other tradingactivities | ||||||
| Non-ancillary trading income | 4 | 3,085,781 | 3,085,781 | 2,728,575 | ||
| lnvestments | ||||||
| lnvestment income | 5 | 25,914 | 25,914 | 25j60 | ||
| Bankandother interest | 6 | 784,365 | 88,523 | 55,741 | 928,629 | 774,204 |
| Grants anddonations | ||||||
| Grantsanddonations | 7 | 207,264 | 828,003 | 1,035,267 | 8r 9,385 | |
| TOTALINCOME | 32,700,796 | 332,331 | 12,088 | 33,045,215 | 31,268,991 | |
| Expenditure on: | ||||||
| Raising funds | ||||||
| Non-ancillary trading | I | 2,237,211 | 2,237,2'l',l | 1,892,748 | ||
| Financing costs | 8/9 | 508,920 | 508,920 | 521,846 | ||
| lnvestment management | I | 8,729 | 8,729 | 8,372 | ||
| Fundraising and development | 8 | 258,875 | 258,875 | 207,541 | ||
| TOTALRAISING FUNDS | 3,013,735 | 3,013,735 | 2,630,507 | |||
| GharitableActivities | ||||||
| Educationandgrantmaking | I | 28,338,855 | 161,600 | 28,500,455 | 27,789,004 | |
| TOTALEXPENDITURE | I | 31,352,590 | 161,600 | 31,514,190 | 30,419,511 | |
| Netincomeandexpenditure before | ||||||
| transfers | 1,348,206 | 170,731 | 12,088 | 1,531,025 | 849,480 | |
| Gains on investment assets | 14 | 45,985 | 45,985 | 91,427 | ||
| Netincome/(expenditure) | 1,394,191 | 170,731 | 12,088 | 1,577,0't0940,907 | ||
| Transfersbetweenfunds | ||||||
| NET MOVEMENT¡NFUNDS | I ,394,191 | 170,731 | 12,088 | 1,577,010940,907 | ||
| Fund balances atISeptember 2024 | 15,190,7252,221,3422,018,730 | ',t9,430,797 | 18,489,890 | |||
| FUND BALANGES AS AT31AUGUST 2025 | 16,584,9162,392,073 2,030,818 | 21,007,807 | 19,430,797 |
| Unrestricted | Restricted | Endowed | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2025 | 2024 | |
| t | Ê | Ê | € | Ê | ||
| lncome and endowmentsfrom: | ||||||
| lncomefromCharitableActivities | ||||||
| School fees receivable | 2 | 25,329,283 | (703,445) | (43,653) | 24,582,185 | 23,621,322 |
| Ancillary trading income | 3 | 806,046 | 119,250 | 925,296 | 726,521 | |
| Other tradingactivities | ||||||
| Non-ancillary trading income | 4 | 913,496 | 913,496 | 842.476 | ||
| lnvestments | ||||||
| lnvestment income | 5 | 25,914 | 25,914 | 25,160 | ||
| Bank and other interest | 6 | 738,333 | 88,523 | 55,741 | 882,597 | 753,786 |
| Grants anddonations | ||||||
| Grants and donations | 7 | 207,264 | 827,983 | 1,035,247 | 817,310 | |
| TOTALINCOME | 28,020,336 | 332,311 | 12,088 | 28,364,735 | 26,786,575 | |
| Expenditure on: | ||||||
| Raisingfunds | ||||||
| Financing costs lnvestment management |
8/9 I |
466,047 8,729 |
466,047 8,729 |
501,773 8,372 |
||
| Fundraising and development | 8 | 258,875 | 258,875 | 207,541 | ||
| TOTALRAISING FUNDS | 733.651 | 733,651 | 717,686 |
|||
| CharitableActivities | ||||||
| Education and grant making | I | 25,868,811 | 161,225 | 26,030,036 | 25,496,358 | |
| TOTALEXPENDITURE | 8 | 26,602,462 | 161,225 | 26,763,687 | 26,214,044 | |
| Netincome and expenditure before | ||||||
| transfers | 1,417,874 | 't71,086 | 12,088 | I,601,048 | 572,531 | |
| Gains on investment assets | 14 | 45,98s | 45,985 | 91,427 | ||
| Netincome | I,463,859 | 171,086 |
12,088 | 1,647,033663,958 | ||
| Transfers betweenfunds | ||||||
| NET MOVEMENT IN FUNDS | 1,463,859 | 171,086 | 12,088 | 1,647,033 | 663,958 | |
| Fundbalancesat'tSeptember 2024 | 17,258,650 | 2,219,717 | 2,018,730 | 21,497,097 | 20,833,139 | |
| FUND BALANCES ASAT3IAUGUST 2025 | 18,722,5092,390,803 | 2,030,818 | 23,144,130 | 21,497,097 |
| CONSOLIDATEDANDCOMP AS AT31AUGUST2025 |
ANYBAL | ANCESHEET | ANCESHEET | |||
|---|---|---|---|---|---|---|
| Group | Company | |||||
| Notes | 2025 | 2024 | 2025 | 2024 | ||
| Ê | Ê | Ê | L | |||
| FIXEDASSETS | ||||||
| Tangibleassets | 13 | 21,099,207 | 21,710,997 | 20,791,736 | 21,361,435 | |
| lnvestments | 14 | 1,277,955 | 1,214,685 | 1,277,957 | 1,214,787 | |
| 22,377,062 | 22,925,682 | 22,069,693 | 22,576,222 | |||
| CURRENTASSETS | ||||||
| Stocks | 206,140 | 187,229 | 51,785 | 41,685 | ||
| Debtors | 15 | 2,413,605 | 1,549,827 | 5,235,807 | 3,574,836 | |
| lnvestments | 16 | 6,ooo,ooo | 6,000,000 | 6,000,000 | 6,000,000 | |
| Cash | 17 | 12,279,010 | 17,799,660 | 10,6', | .7,043 | |
| 20,898,755 | 25,536,716 | 21,904,635 | 26,172,038 | |||
| CURRENT LIABILITES | ||||||
| Creditorspayablewithin one year | 18 | (12,475,5911 | (17,318,349) | (11,069,858) | (15,721,783) | |
| NET CURRENTASSETS | 8,423,164 | 8,218,367 | 10,834,777 | 10,450,255 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 30,800,226 | 31,144,049 | 32,904,470 | 33,026,477 | ||
| LONG TERM LIABILITIES | ||||||
| Creditorspayableafter oneyear | 19 | (9,766,216) | (11,706,871) | (9,734,1371 | (11,522,999) | |
| Provisionfor liabilities | 33 | (26,103) | (6,281) | (26,103) | (6,281) | |
| TOTALNETASSETS | 21,007,907 | 19,430,897 | 23,144,230 | 21 ,497,197 | ||
| REPRESENTED BY: | ||||||
| CAPITAL AND RESERVES | ||||||
| Calledup share cap¡tal | 24 | r00 | 100 | 100 | 100 | |
| FUNDS | ||||||
| Endowed funds | 25 | 2,030,818 | 2,018,730 | 2,030,818 | 2,018,730 | |
| Restrictedfunds | 26 | 2,392,073 | 2,221,342 | 2,390,803 | 2,219,717 | |
| Unrestricted funds: | ||||||
| Generalreserve | 27 | 16,584,916 | 15,190,725 | 18,722,509 | 17,258,650 | |
| EQUITYSHAREHOLDERS'FUNDS | 21,007,907 | 19,430,897 | 23,144,230 | 21 ,497,197 |
| Notes | 2025 | 2024 | |
|---|---|---|---|
| â | Ê | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Netcashprovidedbyoperating activities | 30 | (3,179,7291 (3,179,7291 |
7,565,387 7,565,387 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Dividends, interest andrentfrom investments | 954,543 | 795,792 | |
| Proceedsfrom sale of property, plantandequipment | 6,365 | 4,565 | |
| Purchaseofproperty,plantandequipment | (652,96r) | (1,e03,201) | |
| Proceedsfrom sale of investments | 879,928 | 606,448 | |
| Purchaseofinvestments | (897,113) | (623,236) | |
| Purchase ofcurrent asset investments | (6,000,000) | ||
| Netcash usedininvesting activities | 290,762 | (7,119,632) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Repaymentofborrowing | (14,6471 | (535,395) | |
| Financingcosts | (508,920) | (521,666) | |
| Receipts/(amountsrepaid) fromfeesinadvance | (330,076) | 5,819,506 | |
| Fees inadvanceutilised | (1,778,0401 | (136,002) | |
| Netcash usedinfinancing activities | (2,631,683) | 4,626,443 | |
| CHANGEINCASH AND CASH EQUIVALENTSIN THEYEAR | (5,520,650) | 5,072,198 | |
| CASHAND CASH EQUIVALENTS AT THE BEGINNINGOFTHE YEAR | 17,799,660 | 12,727,462 | |
| CASHAND CASH EQUIVALENTS AT THEEND OF THEYEAR | 31 | 12,279,010 | 17,799,660 |
asset based oncurrentmarketprices, |
over its expected useful life, as follows: |
|---|---|
| Freehold land is not depreciated | |
| Freehold buildings | -Variable accordingto thebuilding and written off overthe |
| expecteduseful life | |
| Freehold improvements | -Overtheuseful economic life oftheimprovement |
| Leasehold land | -Overthe shorterofthe economiclife ofthe assetorthelife |
| ofthelease | |
| Computer equipment | -25%oncost |
| Fixtures andfittings | -between4o/oand25% on cost |
| Motorvehicles | - 25% oncost |
| The Schoolfeesincome comprises: | ||||
|---|---|---|---|---|
| Group | Company | Group | Company | |
| 2025 | 2025 | 2024 | 2024 | |
| Ê | I | â | Ê | |
| Gross fees | 3l,513,651 | 28,706,083 | 30,219,33r | 27,435,595 |
| Less: Total scholarships, bursaries, etc. | (4,516,551) | (4,123,898) | (4,122,385) | (3,8't4,2731, |
| 26,997,100 | 24,582,185 | 26,096,946 | 23,621,322 |
| Unrestricted | Group | Company | Group | Company |
| 2025 | 2025 | 2024 | 2024 | |
| Ê | € | Ê | Ê | |
| Ðdras | 651,453 | 575,602 | 600,s63 | 505,965 |
| Entrancefeesand registration fees | 89,889 | 69,502 | 100,763 | 98,213 |
| Commissions | 521 | 521 | 796 | 796 |
| Otherincome | 111,411 | 160,421 | 69,I99 | 68,147 |
| 853,274 | 806,046 | 771,321 | 673,121 |
| Restricted | Group | Gompany | Group | Company | |
|---|---|---|---|---|---|
| 2025 | 2025 | 2024 | 2024 | ||
| € | t | Ê | Ê | ||
| Contributions | to the ChapelMaintenanceFund | 119,250 | '119,250 | 53,400 | 53,400 |
| Total | 972,524 | 925,296 | 824,721 | 726,521 |
| 2025 | 2024 | |
|---|---|---|
| Ê | e | |
| Turnover | 3,491,366 | 3,186,771 |
| Costofsales | (2,442,7131 | (2,252,296) |
| Grossprofit | I,048,653 | 934,475 |
| Overheads & administration expenses | (339,644) | (285,620) |
| Operatingprofit | 709,009 | 648,855 |
| Taxation | (19,115) | |
| GiftA¡ddonation | (731,4481 | (653,768) |
| Retainedprofit/(loss) | (41,5541 | (4,e13) |
| Non-ancillary Trading lncome | ||||
|---|---|---|---|---|
| Group | Company | Group | Company | |
| 2025 | 2025 | 2024 | 2024 | |
| € | € | € | e | |
| Non-ancillary trading income | ||||
| Lancing CollegeEnterprisesLtd | 3,491,366 | 798,448 | 3,186,771 | 719,768 |
| Less:lncome eliminated on consolidation | (442,3481 | (499,080) | ||
| Lancing CollegeEnterprisesLtd | 3,049,018 | 798,448 | 2,687,691 | 719,768 |
| Otheractivities | ||||
| Rents receivable | 9,264 | 94,264 | 11,657 | 97,107 |
| lntereston overdue fees | 15,554 | 15,554 | 17,s13 | 17,513 |
| Other | 11,945 | 5,230 | 11,714 | 8,088 |
| 3,085,781 | 913,496 | 2,728,575 | 842,476 |
| 2025 | 2024 | |
|---|---|---|
| € | Ê | |
| lncomefromCharitableActivities | ||
| Schoolfees | 2,414,915 | 2,475,624 |
| Ancillarytradingincome | 95,938 | 96,848 |
| Non-ancillarytradingincome | 9,505 | 4,978 |
| Other-GrantsandDonations | 361 | 2,075 |
| TOTALINCOME | 2,520,719 | 2,579,525 |
| EXPENDITURE | ||
| Education and grant making | (2,549,188) | (2,297,663) |
| Surplus fortheyear | (28,469) | 281,862 |
| Group and 2025 Êe |
Company 2024 |
|---|---|
| 25,914 | 25,160 |
| INVESTMENTS.BANKANDOTHER | INTEREST | |||
|---|---|---|---|---|
| Group | Company | Group | Company | |
| 2025 I |
2025 € |
2024 € |
2024 Ê |
|
| Bank interest | 884,976 | 838,944 | 729,383 | 708,965 |
| Otherinterest | 43,653 | 43,653 | 44,821 | 44,821 |
| 928,629 | 882,597 | 774,204 | 753,786 | |
| Group | Company | Group | Company | |
| 2025 | 2025 | 2024 | 2024 | |
| € | € | Ê | Ê | |
| Endowed: | ||||
| Bank interest | 12,088 | 12,088 | 12,784 | 12,784 |
| Otherinterest | 43,653 | 43,653 | 44,821 | 44,821 |
| Restricted: | ||||
| Bank interest | 88,523 | 88,523 | 108,127 | 108,127 |
| Unrestricted | ||||
| Bank interest | 784,365 | 738,333 | 608,472 | 588,054 |
| 928,629 | 882,597 | 774,204 | 753,786 |
| Group | Company | Company | Group | Company | |
|---|---|---|---|---|---|
| 2025 | 2025 | 2024 | 2024 | ||
| t | € | Ê | î. | ||
| Restricted: | |||||
| OtherDonations | 828,003 | 827,983 | 709,I 51 | 707,076 | |
| Unrestricted: | |||||
| OtherDonations | 207,264 | 207,264 | 110,234 | 110,234 | |
| 1,035,267 | 1,035,247 | 819,385 | 817,310 |
| 8 | ANALYSISOF EXPENDITURE | ||||||
|---|---|---|---|---|---|---|---|
| a) | Total expenditure | Staffcosts | Support costs | Depreciation | Total2025 | 2024 | |
| (note10) | (note | 13) | |||||
| s | Ê | Ê | e | Ê | |||
| Costsof raising funds | |||||||
| Fundraising and development | 201,774 | 57,101 | 258,875 | 207,54',1 | |||
| Financingcosts(note 9) | 466,047 | 466,047 | 501,773 | ||||
| lnvestment management | 8,729 | 8,729 | 8,372 | ||||
| Loss on disposal of asset | |||||||
| TotalforCompany | 201,774 | 531,877 | 733,651 | 717,686 | |||
| Financecostsofsubsidiary | 42,873 | 42,873 | 20,073 | ||||
| Non ancillary trading costsof | 1,412,599 | 817,658 | 6,954 | 2,237,211 | 1,892,748 | ||
| subsidiaries | |||||||
| TotalforGroup | 1,614,3731,392,408 | 6,954 | 3,013,735 | 2,630,507 |
|||
| Charitableexpenditure | |||||||
| Teaching | 10,543,2Q1 | 1,309,37't | 277,025 | 12,129,597 | 12,049,362 | ||
| Welfare | 2,204,839 | 1,136,152 | 56,361 | 3,397,352 | 3,210,094 | ||
| Premises | 1,449,112 | 3,965,109 | 769,263 | 6,183,484 | 6,345,199 | ||
| School administration and | 2,347,525 | 1,753,9s9 | 4,101,484 | 3,726,614 | |||
| governance | |||||||
| Grants awards andprizes | 6,718 | 6,718 | 10,924 | ||||
| Movementinpension recovery | 50,r76 | 50,176 | 18,441 | ||||
| plan (note 33) | |||||||
| School charitable expenditure | 16,594,853 | 8,17'1,309 | 1,102,649 | 25,868,81f | 25,360,634 | ||
| Expenditure from other funds: | |||||||
| Restricted | 155,775 | 5,450 | 161,225 | 135,724 | |||
| Endowment | |||||||
| TotalforGompany | 16,594,853 | 8,327,084 | 1,108,099 | 26,030,036 | 25,496,358 | ||
| Totalfor Subsidiary | 1,807,814 | 610,255 | 52,350 | 2,470,419 | 2,292,646 | ||
| Totalfor Group | 18,402,6678,937,339 | 1]60,449 | 28,500,455 | 27,789,004 | |||
| Total resourcesexpended | |||||||
| -Company | 16,796,627 8,858,9611,108,099 26,763,687 | 26,214,044 | |||||
| -Group | 20,017,04010,329,7471,167,403 31,514,190 | 30,419,511 |
| ANALYSTS OF EXPENDTTURE (CONTTNU | ED) | |||
|---|---|---|---|---|
| Grants andprizes | Group | Company | Group | Company |
| 2025 | 2025 | 2024 | 2024 | |
| From unrestricted funds | € | € | Ê | Ê |
| Prizesandleaving awards | 6,803 | 6,718 | 1't,134 | 10,924 |
| 2025 | 2024 | |
|---|---|---|
| Company: | € | e |
| Remuneration paidtoauditor for audit services | 43,258 | 31,435 |
| Reimbursement of personal expenses to Governors | 25 | 1,289 |
| Other Governance costs | 416,225 | 356,293 |
| 459,508 | 389,017 | |
| Group: | 2025t | 2024 Ê |
| Remuneration paidtoauditor for audit services | 57,383 | 47,635 |
| Reimbursement of personal expenses to Governors | 25 | 1,289 |
| Other Governance costs | 421,549 | 361 985 |
| 478,957 | 410,909 |
| 9 | FINANCINGCOSTS | ||||
|---|---|---|---|---|---|
| Group | Company | Group | Company | ||
| 2025 | 2025 | 2024 | 2024 | ||
| € | € | E | € | ||
| FeesinAdvancedebt financing costs | 63,91I | 6l,539 | 18,0'11 | 16,753 | |
| Lease finance costs | 660 | 660 | |||
| Bankinterestpayable | 353,338 | 337,485 | 409,803 | 393,751 | |
| Provision for bad and doubtful debts | 91,671 | 67,023 | 93,372 | 90,608 | |
| 508,920 | 466,047 | 521,846 | 501,772 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| Group | Company | Group | Company | |
| 2025 | 2025 | 2024 | 2024 | |
| € | € | Ê | Ê | |
| Totalstaff costs comprises: | ||||
| Wages and salaries | 15,194,638 | 12,588,642 | 14,621,762 | 12,376,881 |
| Socialsecuritycosts | 1,733,779 | 't,495,979 | 1,468,814 | 1,296,029 |
| Pens¡on contributions | 3,088,623 | 2,712,006 | 2,684,183 | 2,389,894 |
| 20,017,040 | 16,796,627 | 18,774,759 | 16,062,804 |
| 2025 | 2024 |
|---|---|
| € | Ê |
| 532,303 | 515,921 |
| Group | Company | Group | Company | |
|---|---|---|---|---|
| 2025 | 2025 | 2024 | 2024 | |
| Number | Number | Number | Number | |
| Teaching | 219 | 181 | 238 | 198 |
| Others | 347 | 242 | 332 | 222 |
| 566 | 423 | 570 | 420 |
| Group | Company | Group | Company | |||||
|---|---|---|---|---|---|---|---|---|
| 2025 | 2025 | 2024 | 2024 | |||||
| Number | Number | Number | Number | |||||
| Ê60,001-Ê70,000 | l9 | 19 | 24 | 24 | ||||
| e70,001 - €80,000 | l8 | 16 | 't3 | 12 | ||||
| e80,001 - Ê90,000 | 3 | 3 | 4 | 4 | ||||
| e90,001 - e100,000 | 4 | 4 | 3 | 3 | ||||
| t1 00,001-€110,000 | 1 | 1 | ||||||
| €120,001 - €130,000 | ,l | 1 | 1 | 1 | ||||
| 8220,001-€230,000 | 1 | 1 | ||||||
| Ê230,001 - Ê240,000 |
| Gompany | Land and | Freehold | Work under | Motor | Computer | Fittingsand | Company | |
|---|---|---|---|---|---|---|---|---|
| Bu¡ldings | lmprovements | Construction | Vehicles | Equipment | Equipment | Total | ||
| Freehold | ||||||||
| € | € | e | € | € | € | |||
| Cost | ||||||||
| AtISeptember2024 | 20,061,663 | 2,290,850 | 142,999 | 101,386 | 2,190,244 | 6,302,355 | 31,089,497 | |
| Additions | 5,353 | 322 | 259,193 | 51.085 | 118,428 | 107,594 | 541,975 | |
| Disposals | (3,575) | (174,855) | (27,675) | (206,r05) | ||||
| Transfer | ||||||||
| As3lAugust2025 | 20,067,0t62,287,597 | 402,192 | 152,4712,133,8176,382,274 | 31,425,367 | ||||
| Depreciation | ||||||||
| At1September2024 | 2,989,292 | 570,326 | 78,415 | 1,715,939 | 4,374,090 | 9,728,062 | ||
| Chargefor theyear | 355,756 | 111,890 | 21,719 | 223,481 | 395,253 | 1,108,099 | ||
| Ondisposals | (174,855) | (27,675) | (202,530) | |||||
| At31August2025 | 3,345,048 | 682,216 | 100,134 | 1,764,5654,741,668 | 10,633,631 | |||
| Net bookvalue | ||||||||
| at3lAugust2025 | 16,721,968 | 1,605,381 |
402,192 | 52,337 | 369,2521,640,606 | 20,791,736 | ||
| Netbookvalue | ||||||||
| at31August 2024 | 17,072,3711,720,524 | 142,999 | 22,971 | 474,3051,928,265 | 21,361,435 | |||
| Group | Gompany | Land and | Computer | Fittingsand | Group | |||
| Total | Build¡ngs | Equ¡pment | Equipment | Total | ||||
| Short | ||||||||
| Leasehold | ||||||||
| Cost | Ê | € | € | € | € | |||
| At1September 2024 | 3l,089,497 | 182,619 | 141.089 | 565,184 | 31,978,389 | |||
| Additions | 541,975 | I 10,986 | 652,961 | |||||
| Disposals | (206, I05) | (238,462) | (444,567) | |||||
| As31August2025 | 31,425,367 | 293,605 | l4l,089 | 326,722 | 32,186,783 | |||
| Depreciation | ||||||||
| At1September 2024 | 9,728,062 | 74,174 | 116,531 | 348,625 | 10,267,392 | |||
| Chargefor theyear | 1,108,099 | 8,215 | 14,735 | 36,356 | 1,167,405 | |||
| Ondisposals | (202,530) | (144,691) | (347,221) | |||||
| At3lAugust2025 | r0,633,63r | 82,389 | I31,266 | 240,290 | 11,087,576 | |||
| Netbookvalue | ||||||||
| at3lAugust2025 | 20,791,736 | 2'.11,2'16 | 9,823 | 86,432 | 21,099,207 | |||
| Net bookvalue | ||||||||
| at 31August 2024 | 21,361,435 | 108,445 | 24,558 | 216,559 | 21,710,997 |
| YE | ARENDED 31AUGUST 2025 | ||
|---|---|---|---|
| 14 | INVESTMENTS | ||
| 2025 | 2024 | ||
| Unrestricted | f | Ê | |
| Group lnvestmentsas atISeptember | 1,214,695 | 1J06,470 | |
| Reinvestedincome | 25,914 | 25,160 | |
| Investment management fee | (8,7291 | (8,372) | |
| Gains/ (losses) oninvestments | 45,985 | 91,427 | |
| Closingmarketvalue | 1,277,855 | 1,214,685 | |
| Group lnvestmentsat31August | 1,277,855 | 1,214,685 | |
| lnvestments in subsidiaries | 102 | 102 | |
| Companyinvestmentsat31August | 1,277,957 | 1,214,787 | |
| lnvestments comprise | |||
| Listed investments | |||
| Fixedlnterest | 336,427 | 400,773 | |
| Equities | 839 936 | 666,092 | |
| 1,176,363 | 1,066,865 | ||
| Alternative investments | |||
| Other | 101,492 | 147,820 | |
| 101,492 | 147,820 | ||
| Cash | |||
| Group lnvestmentsat31August | 1,277,855 | 1,214,685 | |
| lnvestments in subsidiaries | 102 | 102 | |
| Companyinvestmentsat3lAugust | ' | .,277,957 |
| 2025 | 2024 | |||
|---|---|---|---|---|
| lnvestments in subsidiaries comprise: | I | Ê | ||
| lnvestmentin subsidiary trading company- LancingCollege EnterprisesLtd | 2 | 2 | ||
| lnvestment in LancingCollege Prep School atWorthingLtd | 100 | 100 | ||
| 102 | 102 |
| DEBTORS | ||||
|---|---|---|---|---|
| Group | Company | |||
| 2025 | 2024 | 2025 | 2024 | |
| Ê | I | Ê | Ê | |
| Fee debtors | 226,397 | 316,574 | 200,143 | 291,560 |
| Tradedebtors | 92,374 | 80,699 | I,916 | 1,021 |
| Amountsowed by group undertakings | 3,104,602 | 2,256,158 | ||
| Other debtors | 1,174,259 | 22,928 | 1,069,456 | 21,072 |
| Prepayments andaccruedincome | 920,575 | 1,129,626 | 859,690 | 1,005,025 |
| 2,413,605 | 1,549,827 | 5,235,807 | 3,574,836 |
| Group | Company | ||||
|---|---|---|---|---|---|
| 2025 fÊ |
2024 | 2025 â |
2024 Ê |
||
| Cashon Deposit(95 | dayNotice) | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 |
| 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 |
| CASHATBANK BYFUND | ||||
|---|---|---|---|---|
| Group | Company | |||
| 2025 | 2024 | 2025 | 2024 | |
| € | Ê | â | Ê | |
| Restricted | 2,352,687 | 2,350,706 | 2,352,687 | 2,350,706 |
| Unrestricted | 9,659,860 | 15,194,578 | 7,997,893 | 13,950,435 |
| Endowed | 266,463 | 254,376 | 266,463 | 254,376 |
| 12,279,010 | 17,799,660 | 10,617,043 | 16,555,517 |
| CREDIïORS:PAYABLEWTHINONE YEAR | ||||
|---|---|---|---|---|
| Group | Company | |||
| 2025 | 2024 | 2025 | 2024 | |
| € | Ê | Ê | E | |
| Bank loansand overdrafts(note 20) | 475,887 | 475,887 | ||
| Netobligationsunderfinanceleases (Note 22) | 62,406 | 96,415 | 55,041 | 81,700 |
| Deferredconsiderationoffreeholdof the | 14,647 | 14,647 | ||
| PrepSchoolHove | ||||
| Tradecreditors | 980,726 | 830,502 | 738,853 | 698,470 |
| Taxesand socialsecurity costs | 1,709,915 | 329,511 | 1,541,678 | 299,962 |
| Advancefees(note 21) | 2,175,660 | 1,905,279 | 2,031,225 | 1,773,423 |
| Othercreditors | 990,482 | 404,801 | 957,709 | 379,341 |
| Accruals | 442,826 | 1,090,580 | 325,925 | 1,002,308 |
| Finalterm deposits | 1,585,729 | 895,067 | 1,499,757 | 814,619 |
| Deferred income-feesreceivedinadvance | 4,527,848 | 11,275,660 | 3,919,670 | 10,181,426 |
| 12,475,591 | 17,318,349 | 11,069,858 | 15,721,783 |
| Group | Company | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Amountsfallingdue; | Ê | Ê | Ê | f |
| After 5 years | I,l19,668 | 81,600 | I,119,668 | 81,600 |
| Within2to5years | 1,526,119 | 2,866,768 | 1,526,', | '19 |
| withinlto2years | 904,832 | 587,760 | 904,832 | 587,760 |
| Due after morethan1year | 3,550,619 | 3,536,128 | 3,550,618 | 3,536,128 |
| Duewithin1year | 1,585,728 | 895,067 | 't,499,757 | 814,619 |
| 5,136,346 | 4,431,195 | 5,050,375 | 4,350,747 |
| CREDITORS: PAYABLE AFTERMORETHANONE | YEAR | |||
|---|---|---|---|---|
| Group | Company | |||
| 2025 | 2024 | 2025 | 2024 | |
| â | Ê | Ê | Ê | |
| BankLoans(note 20) | 4,401,950 | 3,926,063 | 4,401,950 | 3,926,063 |
| Netobligationsunderfinance leases(note 22) | 3,936 | 56,47',1 | 3,936 | 49,113 |
| Final termdeposits | 3,550,618 | 3,536,128 | 3,550,618 | 3,536,128 |
| Advancefees(note 21) | 1,909,712 | 4,188,209 | 1,777,633 | 4,011,695 |
| 9,766,216 | 11,706,871 | 9,734,137 | 11,522,999 |
| BANKLOAN | ||
|---|---|---|
| Group and Company 2025 2024 [Ê |
||
| DueAfter5years | 4,341,4'13 | 2,022,517 |
| Due within 2to5years | 60,537 | 1,427,660 |
| Duewithin1to2years | 475,886 | |
| Due after morethan1year | 4,401,950 | 3,926,063 |
| Duewithin1year | 475,887 | |
| 4,401,9504,401,950 |
| Parentsmay enter intoacontract topay be applied as follows: |
school feesinadvance; assuming pupils will rema | school feesinadvance; assuming pupils will rema | inintheschool, advan | ce fees will |
|---|---|---|---|---|
| Group 2025 2024 ÊÊÊf |
Company 2025 |
2024 | ||
| After5 years | 182,043 | 463,393 | 182,043 | 463,393 |
| Within2toSyears | 854,061 | 1,539,940 | 854,061 | 1,507,861 |
| Withinlto2years | 773,608 | 2,184,876 | 741,529 | 2,040,441 |
| 1,909,712 | 4,188,209 | 1,777,633 | 4,011,695 | |
| Within1year | 2,175,660 | 1,905,279 | 2,031,225 | 1,773,423 |
| 3,985,372 | 6,093,488 | 3,808,858 | 5,785,118 |
| Group 2025 2024 Êâ |
Group 2025 2024 Êâ |
Company 2025 |
t 2024 |
|
|---|---|---|---|---|
| LiabilitiesatISeptember | 6,093,488 | 409,984 | 5,785,118 | 409,984 |
| Newcontracts | 57,773 | 5,819,506 | 57,773 | s,511,136 |
| 6,151,261 | 6,229,490 | 5,842,891 | 5,921j20 | |
| Amounts utilisedin payment of fees | (1,778,040) | (136,002) | (1,646,184) | (136,002) |
| Amountsrepaid | (387,849) | (387,849) | ||
| Liabilitiesat31August | 3,985,372 | 6,093,488 | 3,808,858 | 5,785,118 |
| FINANCELEASE OBLIGATIONS | ||||
|---|---|---|---|---|
| Group | Company | |||
| 2025 | 2024 | 2025 | 2024 | |
| Amountsfallingdue: | Ê | Ê | I | Ê |
| After 5 years | ||||
| Within2toSyears | 4,723 | 4,723 | ||
| Withinlto2years | 3,936 | 51 748 | 3,936 | 44,390 |
| 3,936 | 56,471 | 3,936 | 49,113 | |
| Within1year | 58,470 | 96,415 | 5l,105 | 81,700 |
| 62,406 | 152,886 | 55,041 | 130,813 |
| Landand 2025 âÊ |
Buildings 2024 |
||
|---|---|---|---|
| Expiry date: | |||
| Withinoneyear | ,365 66 |
66, | 365 |
| Withinlto2years | ,365 66 |
66, | 365 |
| Within2to5years | 66, | 365 | |
| 132,730 | 199,095 |
| SHARE CAPITAL | |||
|---|---|---|---|
| Group and 202s Êe |
Company 2024 |
||
| Authorised | |||
| 100 Ordinary shares ofÊ1each | 100 | 100 | |
| Allotted, calledup andfullypaid | |||
| 100 Ordinary shares ofÊ1each | 100 | 100 |
| Group and Gompan | y | Movementinfun | ds | |||
|---|---|---|---|---|---|---|
| Balanceat1 | ||||||
| September | lnvestment | Balance at31 | ||||
| 2024 € |
lncome Ê |
Expenditure f |
gains /(losses) Ê |
Transfer t |
August 2025 Ê |
|
| Endowed Funds | 2,018,730 | 12,088 | 2,030,818 |
| Group and Company | Movementinfunds | |||||
|---|---|---|---|---|---|---|
| Balanceat1 | ||||||
| September | lnvestment | Balanceat31 | ||||
| 2023 € |
lncome t |
Expenditure [Ê |
gains/(losses) | Transfer Ê |
August 2024 Ê |
|
| Endowed Funds | 2,005,946 | 12,784 | 2,018,730 |
| grantsheld on trust for | specificpurposes: | |||||
|---|---|---|---|---|---|---|
| Movementinfunds | ||||||
| Balance atI September 2024 lncome âeÊÊÊe |
Expenditure | lnvestment gains/(losses) |
Transfer |
Balance at31 August2025 |
||
| Chapel Maintenance | 50,771 | 123,590 | (63,822) | 110,539 | ||
| WoodardBenefit Fund | 381,871 | 139,328 | (26,200) | 494,999 | ||
| AppealDonations | 1,787,075 | 69,393 | (71,203) | 1,785,265 | ||
| Company | 2,219,717 | 332,311 | (161,225) | 2,390,803 | ||
| AspireFund | 1,625 | 20 | (375) | 1,270 | ||
| Group | 2,221,342 | 332,331(161,600) | 2,392,073 | |||
| Movementinfunds | ||||||
| Balanceat1 | ||||||
| September | lnvestment | Balance at31 | ||||
| 2023 | lncome | Expenditure | gains/ (losses) | Transfer | August 2024 | |
| L | â | E | Ê | e | Ê | |
| ChapelMaintenance | 38,914 | 54,673 | (42,816) | 50,771 | ||
| WoodardBenefit Fund | 395,978 | (14,107) | 381,871 | |||
| AppealDonations | 1,653,326 | 212,550 | (78,801) | 1,787,075 | ||
| Company | 2,088,218267,223 | (135,724) | 2,219,717 | |||
| AspireFund | 2,075 | (450) | 1,625 | |||
| Group | 2,088,218 269,298(136,1741 | 2,221,342 |
| The incomefundsofthe | groupareasfollo | ws: | ||||
|---|---|---|---|---|---|---|
| Movementinfunds | ||||||
| Balanceat1 | ||||||
| September | lnvestment | Balance at31 | ||||
| 2024 f |
lncome Ê |
Expenditure ÊÊ |
gains/(losses) | Transfer Ê |
August 2025 Ê |
|
| DesignatedFunds | ||||||
| Foundation account | 1,261,097 | 284,865 | (15e,685) | 45,985 | 1,432,262 | |
| General funds | 15,997,553 | 27,735,471 | (26,442,777) | 17,290,247 | ||
| Company | 17,258,650 | 28,020,336 | (26,602,462) | 45,985 | 18,722,509 | |
| Subsidiary | ||||||
| Prep school subsidiary | (2,109,478) | 2,520,699 | (2,548,813) | (2,137,5921 | ||
| Trading subsidiary | 41,554 | 3,537,397 | (3,578,951) | |||
| Consolidationadjustments | (1,377,636) | 1,377,636 | ||||
| Group | 15,190,726 | 32,700,796 | (31,352,590) | 45,985 | 16,584,916 | |
| Movementinfunds | ||||||
| Balanceat1 | ||||||
| September | lnvestment | Balance at31 | ||||
| 2023 € |
lncome Ê |
Expenditure ÊÊ |
gains/(losses) | Transfer Ê |
August 2024 Ê |
|
| DesignatedFunds | ||||||
| Foundation account | 1,119,885 | 114,784 | (64,eee) | 91,427 | 1,261,097 | |
| General funds | 15,619,090 | 26,391,784 | (26,013,321) | 15,997,553 | ||
| Company | 16,738,975 | 26,506,568 | (26,078,320) | 91,427 | 17,258,650 | |
| Subsidiary | ||||||
| Prep school subsidiary | (2,389,716) | 2,577,450 | (2,297,212) | (2,109,478ì. | ||
| Trading subsidiary | 46,467 | 3,206,512 | (3,211,425) | 4'1,554 | ||
| Consolidationadjustments | (1,303,621) | 1,303,621 | ||||
| Group | 14,395,726 | 30,986,909 | (30,283,336) | 91,427 | 15,190,726 |
| Thecompany'snetassetsbelong to the various funds as follows: | Thecompany'snetassetsbelong to the various funds as follows: | ||||
|---|---|---|---|---|---|
| Net current | Long term | Total | |||
| Fixedassetslnvestments | Assets/ | Liabilities | 2025 | ||
| ÊÊ | (Liabilities) e |
Ê | c | ||
| Sharecapital | - | 100 | 100 | ||
| Endowedfunds | 2,030,818 | 2,030,818 | |||
| Restrictedfunds | 2,390,803 | 2,390,803 | |||
| Unrestrictedfunds | 20,791,7361,277 | ,957 | 6,413,056 | (9,760,240) | 18,722,509 |
| Company | 20,79',t,7361,277,95710,834,777(9,760,240) | 23,144,230 | |||
| Subsidiarycompanies(Note 34): Prep school atWorthing |
307,473 | (100) | (2,411,616) | (32,079) | (2,136,3231 |
| LancingCollegeEnterprisesLtd | (2) | 2 | |||
| Group | 21,099,2091,277,8558,423,163(9,792,319) | 21,007,907 | |||
| Net current | Long term | Total | |||
| Fixedassetslnvestments | Assets/ | Liabilities | 2024 | ||
| (Liabilities) | |||||
| Ê Ê |
Ê | Ê | Ê | ||
| Sharecapital | 100 | 100 | |||
| Endowedfunds | 2,018,730 | 2,018,730 | |||
| Restrictedfunds | 2,219,717 | 2,219,717 | |||
| Unrestricted funds | 21,361,4351,214,787 | 6,211,708 | (11,529,280) | 17,258,650 | |
| Company | 21,361,4351,214,787 10,450,255 | (11,529,280) | 21,497,197 | ||
| Subsidiarycompanies(Note34) | |||||
| Prep school atWorthing | 248,837 | (100) | (2,172,71e) | (183,872) | (2,',107,8541 |
| LancingCollege EnterprisesLtd | 100,725 | (2) | (5e,16e) | 41,554 | |
| Group | 21,7',10,9971,214,6858,218,367 | (11,713,1521 | 19,430,897 |
| 30 | RECONCILIATIONOFNETINCOMINGRESOURCESTONE | T CASH | |||
|---|---|---|---|---|---|
| INFLOWFROM OPERATIONS | Group and Company 2025 2024 €Ê |
||||
| Net income for theyear | 1,577,0't0 | 940,907 | |||
| Adjustmentsfor | |||||
| Depreciationoftangible fixedassets | 1,167,405 | 1,079,076 | |||
| (Profit)/Loss on sale offixed assets | 90,981 | (4,565) | |||
| (Gain)/Loss on investments | (45,985) | (s1,427) | |||
| lnterestreceivable | (954,543) | (795,792) | |||
| lnterest andinvestment income | 508,920 | 521,666 | |||
| Decrease/ (lncrease)in stocks | (18,911) | 7,656 | |||
| (lncrease)in debtors | (863,778) | (624,853) | |||
| lncrease/(Decrease) increditors | (4,640,828) | 6,532,719 | |||
| Netcashprovidedbyoperating activities | (3,179,72917,565,387 | ||||
| 31 | ANALYSISOF CASHAND CASHEQUIVALENTS | ||||
| 2025 | 2024 | ||||
| € | € | ||||
| Cashin hand and at bank | 12,279,01017,799,660 | ||||
| Totalcashand cash equ¡valents | 12,279,010 | 17,799,660 | |||
| 32 | ANALYSISOFCHANGES INNET DEBT | ||||
| Balance at31 | Cash flows | Balance at3l | |||
| August2024 | August2025 | ||||
| Ê | Ê | â | |||
| Cash and cashequivalents Cash |
17,799,660(5,520,650)12,279,010 | ||||
| 17,799,660(5,520,650)12,279,0',10 | |||||
| Borrowings | |||||
| Loansfallingdue within oneyear | (475,886) | 475,886 | 0 | ||
| Loansfallingdue afteroneyear | (3,926,063) | (475,887) | (4,401,950) | ||
| Financelease obligation duewithin oneyear | (96,415) | 37,945 | (58,470) | ||
| Financelease obligationdueafteroneyear | (56,471) | 52,535 | (3,936) | ||
| (4,554,835) | 90,479 | (4,464,356) | |||
| Total | 13,244,825(5,430,171)7,814,654 |
| 33 | PENSION SCHEMES(Continued) | ||
|---|---|---|---|
| PresentValuesofProvision | 2025 | 2024 | |
| Ê | € | ||
| Present valueofprovision | 26.103 | 6.281 | |
| Reconciliationofopeningandclosing provisions | 2025 | 2024 | |
| Ê | € | ||
| Provisionat1September | 6,281 | 20,713 | |
| Unwinding of the discountfactor | 49 | 758 | |
| Deficitcontributionpaid Remeasurements-impact of any change in assumptions |
(10,7721 231 |
(15,1ee)I | |
| Remeasurements-amendments to the contribution schedule | 30,314 | ||
| Provisionat3lAugust | 26,103 | 6,281 | |
| lncome andexpenditure impact | 2025 Ê |
2024t | |
| lnterest expense-unwinding of the discount factor | 49 | 758 | |
| Remeasurements-impact of any change in assumptions Remeasurements-amendments to the contribution schedule |
231 30,314 |
: | |
| Assumptions | 2025 | 2024 | |
| o/oper | o/opêî | ||
| annum | annum | ||
| Rate of discount | 4.37 | 5.13 |
| Thefollowing schedule shows the deficit contribution ateach yearendperiod: |
s agreed betweenthecompanyandthe | scheme |
|---|---|---|
| 2025 €Ê |
2024 | |
| Year1 | 10,654 | 6,333 |
| Year2 | 10,654 | |
| Year3 | 6,215 | |
| 27,523 | 6,333 |
| 35ConsolidatedStatementof Financial Activities-Gomparativefiguresbyfund type | 35ConsolidatedStatementof Financial Activities-Gomparativefiguresbyfund type | 35ConsolidatedStatementof Financial Activities-Gomparativefiguresbyfund type | ||
|---|---|---|---|---|
| UnrestrictedRestricted | Endowed | Total | ||
| Yearended31August2024 | Funds ÊÊ |
Funds | Funds € |
2024 Ê |
| Income andendowments from: | ||||
| lncome fromCharitableActivities | ||||
| Schoolfeesreceivable Ancillarytradingincome |
26,743,147(601,380) 771,321 53,400 |
(44,821) | 26,096,946 824,721 |
|
| Other trading activities | ||||
| Non-ancillarytradingincome | 2,728,575 | 2,729,575 | ||
| lnvestments | ||||
| lnvestmentincome | 25,'t60 | 25,160 | ||
| Bank andotherinterest | 608,472 | 108,127 | 57,605 | 774,204 |
| Voluntary sources | ||||
| Grantsanddonations | 110,234 | 709,I 51 | 819,385 | |
| TOTAL INCOMINGRESOURCES | 30,986,909 | 269,298 | 12,784 | 31,268,991 |
| Expenditure on: | ||||
| Raising funds | ||||
| Non-ancillary Trading | 1,892,748 | 1,892,748 | ||
| Financingcosts | 521,846 | 52't,846 | ||
| lnvestment management | 8,372 | 8,372 | ||
| Fundraisingand development | 207,541 | 207,541 | ||
| Othercosts | ||||
| TOTAL DEDUCTIBLECOSTS | 2,630,507 | 2,630,507 | ||
| Charitable Activities | ||||
| Educationand grantmaking | 27,652,830 | 136,174 | 27,789,004 | |
| TOTALEXPENDITURE | 30,283,337 | 136,174 | 30,419,511 | |
| Netincomeandexpenditure before | ||||
| transfers | 703,572 | 133,124 | 12,784 | 849,480 |
| Gains on investmentassets | 91,427 | 91,427 | ||
| Netincome/(expenditure) | 794,999 | 133,124 | 12,784 | 940,907 |
| Transfersbetweenfunds | ||||
| NET MOVEMENTIN FUNDS | 794,999 | 133,124 | 12,784 | 940,907 |
| Fundbalancesat1September2023 | 14,395,726 | 2,088,218 | 2,005,946 | 18,489,890 |
| FUND BALANCES AS AT31AUGUST2024 | 15,190,725 | 2,221,342 | 2,018,730 | 19,430,797 |