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||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)<br>SRCrawford(appointed18August 2025)|
|Bursar|M B Milling CA|
|Auditor|Moore Kingston SmithLLP|
||9AppoldStreet|
||London|
||EC2A2AP|
|Bankers|Barclays Bank plc|
||1Churchill Place|
||CanaryWharf|
||London E145HP|





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||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|



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|Energy andCarbon Reporting|||
|---|---|---|
||2025|2024|
|Energy consumptio n used to calculate emissions(kwh)|7.303.495|7.337,241|
|Energy consumption breakdown(kwh)|||
|.<br>Gas|4,441,542|4,808,068|
|oElectricity|2,209,457|'1,982,688|
|.<br>Heatingoil<br>.<br>Transport fuel<br>oBusinesstravel(employee-owned vehicles)|375,465<br>255,051<br>25,439|285,722<br>240,165<br>20,598|
|Scope 1<br>Emissions in metrictonnesCO2e|||
|.<br>Gas|812.62|887.04|
|oHeatingOil|95.42|74.29|
|oTransoort fuel|61.88|57.12|
|TotalScooeI|969.92|1.018.45|
|Scope2<br>Emissions in metrictonnesCO2e|||
|¡<br>Purchasedelectricitv<br>Scope3<br>Emissions in metrictonnesCO2e|391.07|410.52|
|¡<br>Businesstravelin emplovee-owned vehicles<br>Totalgross emissions in metric tonnesCO2e|5.81<br>4.77<br>1.366.801.433.74||
|Intensity ratio:emissionsintonnesCO2eperpupil|1.18|'1.24|



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|he committeesofwhich theywe|<br>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|





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|||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|





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|||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<br>lnvestment management|8/9<br>I|466,047<br>8,729|||466,047<br>8,729|501,773<br>8,372|
|Fundraising and development|8|258,875|||258,875|207,541|
|TOTALRAISING FUNDS||733.651|||733,651|<br>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|<br>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|





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|CONSOLIDATEDANDCOMP<br>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|16,555,517|
|||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|



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||Notes|2025|2024|
|---|---|---|---|
|||â|Ê|
|CASH FLOWS FROM OPERATING ACTIVITIES||||
|Netcashprovidedbyoperating activities|30|(3,179,7291<br>(3,179,7291|7,565,387<br> 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|





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|<br>asset based oncurrentmarketprices,|<br> 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|



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|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|



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||||||
|---|---|---|---|---|
|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|





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||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|





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||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)|<br>281,862|



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|Group and<br>2025<br>Êe|Company<br>2024|
|---|---|
|25,914|25,160|





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|INVESTMENTS.BANKANDOTHER|INTEREST||||
|---|---|---|---|---|
||Group|Company|Group|Company|
||2025<br>I|2025<br>€|2024<br>€|2024<br>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|





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|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|<br>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|





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|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|



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||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<br>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|





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|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||<br>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|1,214,787|



||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<br>fÊ|2024|2025<br>â|2024<br>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|2,866,768|
|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<br>2025<br>2024<br>[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<br>be applied as follows:|school feesinadvance; assuming pupils will rema|school feesinadvance; assuming pupils will rema|inintheschool, advan|ce fees will|
|---|---|---|---|---|
||Group<br>2025<br>2024<br>ÊÊÊf||Company<br>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<br>2025<br>2024<br>Êâ|Group<br>2025<br>2024<br>Êâ|Company<br>2025|t<br>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<br>2025<br>âÊ|Buildings<br>2024||
|---|---|---|---|
|Expiry date:||||
|Withinoneyear|,365<br>66|66,|365|
|Withinlto2years|,365<br>66|66,|365|
|Within2to5years||66,|365|
||132,730|199,095||



## 

|SHARE CAPITAL||||
|---|---|---|---|
||Group and<br>202s<br>Êe|Company<br>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<br>€|lncome<br>Ê|Expenditure<br>f|gains /(losses)<br>Ê|Transfer<br>t|August 2025<br>Ê|
|Endowed Funds|2,018,730|12,088||||2,030,818|



|Group and Company||||Movementinfunds|||
|---|---|---|---|---|---|---|
||Balanceat1||||||
||September|||lnvestment||Balanceat31|
||2023<br>€|lncome<br>t|Expenditure<br>[Ê|gains/(losses)|Transfer<br>Ê|August 2024<br>Ê|
|Endowed Funds|2,005,946|12,784||||2,018,730|





## 

## 

## 

|grantsheld on trust for|specificpurposes:||||||
|---|---|---|---|---|---|---|
|||||Movementinfunds|||
||Balance atI<br>September<br>2024<br>lncome<br>âeÊÊÊe||Expenditure|lnvestment<br> gains/(losses)|<br>Transfer|Balance at31<br>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<br>f|lncome<br>Ê|Expenditure<br>ÊÊ|gains/(losses)|Transfer<br>Ê|August 2025<br>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<br>€|lncome<br>Ê|Expenditure<br>ÊÊ|gains/(losses)|Transfer<br>Ê|August 2024<br>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)<br>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):<br>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<br>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<br>2025<br>2024<br>€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<br>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<br>Remeasurements-impact of any change in assumptions|(10,7721<br>231|(15,1ee)I|
||Remeasurements-amendments to the contribution schedule|30,314||
||Provisionat3lAugust|26,103|6,281|
||lncome andexpenditure impact|2025<br>Ê|2024t|
||lnterest expense-unwinding of the discount factor|49|758|
||Remeasurements-impact of any change in assumptions<br>Remeasurements-amendments to the contribution schedule|231<br>30,314|:|
||Assumptions|2025|2024|
|||o/oper|o/opêî|
|||annum|annum|
||Rate of discount|4.37|5.13|



|Thefollowing schedule shows the deficit contribution<br>ateach yearendperiod:|s agreed betweenthecompanyandthe|scheme|
|---|---|---|
||2025<br>€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<br>ÊÊ|Funds|Funds<br>€|2024<br>Ê|
|Income andendowments from:|||||
|lncome fromCharitableActivities|||||
|Schoolfeesreceivable<br>Ancillarytradingincome|26,743,147(601,380)<br>771,321<br>53,400||(44,821)|26,096,946<br>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|





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