2023-08-31-accounts

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Charity registratlon nurnb•r 1118598 Company r•gl$tratlon number 06067557 {England and Wal•$l LALEHAM LEA SCHOOL (LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

LALEHAM LEA SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Governors E O'Domhn8111 M Ryan Father P M L Sebastian Y Epale IApp(trlnled 19 Novémber 20221 IAppointed 21 M8rch 20241 IAppoinlod 28 Seplombef 20231 N Frankopan DT M HowArd Secrntary E Jon&8 Charlty numbèr 1118598 Company numb•r 06067557 Rg919tered offlco 29 Peaks Hlll Purféy Surrey CR8 3JJ AudSlor Baxter & Co Lynwood House Crofton Road Orplnglon Kent BR6 8QE

LALEHAM LEA SCHOOL CONTENTS Page Gov&mors' report stat8menl of gov8rnors' rèsponslbilltl88 Indewndenl audilofg Mport Statement of llnanclal aclvttl88 Balance Sheet 10 stal8m8nt of cgsh flows 11 Noles lo the financlal 8tst8monts 12-24

LALEHAM LEA SCHOOL GOVERNORS, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2023 The governors, who ère also thè Trustee5 and directors of th6 charity for the purposes ol Ihe Companies Act 2006. present their annual Teport and financial slglernents for the year ended 31 Au9USt 2023. Thè flnancial stslements have been prepared in aOrdanCe with the accounting policies s&t out in notè I lo th6 nanaal statements and comply with the charitS govèrning document. the Companles Acl 2006 and 'A¢¢ounllng and Reporting by Charilies.. Statement of Recomrnended Praclie¢ applicable to charities preparing theii accounts In accordance with the Financial Reporting Standard applIcatr in th& UK and Republic of Irdand IFRS 1021- leffeclDia 1 January 20191. Objectlvas and actlvlt106 The charity's objects ore lo advance the Catholic religlon by the conduct of a CalholiG School or by any ancillary or religious or educational actlvliios lor the benefit of th¢ public. The charity aim$ to daliver ils obje¢tlves by foeu$ing on the following k$y aims.. 1. to ensure that all aspects of 8chool life are pemealed by the Catholic ethos of raspect and love for ong's neighbour., 2. to provide a firsl class education lor l)oy8 and aged 3 10 11+: 3. to build e8ch pupil's sell-confidènce so that they are pr8par8d for the opportunities and r03ponsibililigs of th secondary Curriculum 8n¢J service lo the community., 4. to provlde facilit1&$ lor local ¥ducatlonal. family and thOlIC ohild-centred piogramm8S. Publi¢ bentsflt Thè govemors have paid due regard lo guidanee issued by the Charlly Commisslon's general and 3upplam&nlary guidance on public benèfit. We arg also mlndlul of the mquirements ol Calhollc Social Teaching when consldering the advan¢em8nt of gdu¢alion, fee-charging, reviewing our aimy an(J uL>j¥LIIvv$ 81?d planniiig our future a¢ltvilies. Achl•vÈm•nts and porform4nc• Signlf1¢8nl activifygs and &chlevemenl$ against objèctives Children from all backgrounds are welcomed Into the school and pupils banefil from our klnd, caring and div•rs8 communlty. Placès are offer8d followlng an Informal assessment lo asctrrtain the prospective pupils. pace of leamlng lo ensure that thèy can benefit from tho educatlon provlded. Pupll reports are issued Iwi¢e a year and Paranl Evonings are Carried OLrt during the year. Parent and Class Teacher communlcalions are actively 6n¢ouraged. The Independent Schools Inspoctorale carri&d out an Inspection ol the school from 21st Fotsruary to 25th February 2022 and found the qualily ol thè pupils. aeademlc and other 8chlevemenls is excellent. Thtry lound that the quallty of the pupils, personal development is ex¢$llenl and the compliance standards were fully mel. The S8CtkJn 48 Denominallonal Inspectlon wa8 carrfed out in October 2019. The Inspector's conduslon is that 'Lal&ham Lea is an Oulslanding Catholic School, and 'Religious Education is exceptlonally well 18d wlth th9 partnership between leaders at all lev¥ls being highly effectlva,. Our strong commitment to safeguardlng remalns paramount and our training of all staff, Governors and volunt8•r3 Ss ongoing. During the year, the pupils enjoyed curriculum 18ssons, IndNidual Instrurnenlal le550ns, LAMDA Inslwcllon 8ncJ in- school clubs. Our pupilg enjoyed rnany educational visits., Years 1 and 2 visitÉd The Horniman Museum, Years 4 and 5 vislled rhe Living R8infor&st and Year 3 went to Morden Hall. In the svmmer, our pupils and parents enjoyed Sports Day held at Purley Spor15 Club. Our Year 6 group enjoyed a residential trip to PGL Marchants Hill and our Year 6 8njoyed a (lay of Aqu8SPOrts. The school welco the London Air Ambulance lo the school lo visit the puplls.

LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 There are varied lunchtime and after.school dub activities including Reading club, Verbal and Non-varbal Raasoning. STEM, Art & D8sign. Accelerated Maths, and Bollywood Dancing. LAMDA exams went ahead and excellenl results were achieved. Tennis. squash afjd football w8r8 part of the offgring. All pupils at Laleham Lèa receive a cooked lunch and 8 mornlng snack aach day provided by our onslte catering team, Thls is Induded wlthln our schorA faas. Our Nativity plays and C8ro15 Concort. held In thè auturnn t8m) r&lurn8d to thè stage. Th8 Easter Concert and our Year 5 and Yoar 6 productlon ol 'Robin and th8 Sherwood Hoodiesl, the musical. held laler In tho year, wèrè P8rformed live for the parents. Thls was followed by our annual Prlza-Giving c8r8mony celebrating the succe8$è8 of our pupils. Our Year 5 and 6 pupils took part in a concert th anolh8r local Indepgrhdgnt Joined school. Thls Music Feslival SLicces8fully took place al Sl Marks Church. Tha schoo5 finished the 2023 academle year with 138 on roll, which was a slight dacraese from the previous year 12022'.1421. Applications for future years are strong with school and nursery applicalions already reeaivad lor 20251 During th8 COtJr8& of Ihe year, the company employed six staff.. five full-time and ona part-time. Of th& five full-limè, one was a Te8ch8r and lour were 3UPPOrt staff. Th8 one part-lime memb8r of staff was a teacher. In Bddilion, th8 sch1 usod quallfled sports coach85 for PE lessons. Of the I¥ full-tlme staff sueeèssfully recmllgd. one was a n•w Deputy Héad Taacher. a School Buslnes8 Menagar and a Slle Manager. L8Saham Lea Sehool operates for 173 days a year. Tha school is opan from 8.20am to 3.25pm. In additlon lo the ordlnary school day, wè oporale an EArly Birds provislon startlng at 8am and a L819 Leavers provlsltsn, which rerllains open until 5.30pm. 80th provlsions are well allended. Laleham Lea succèssfully ottalned Ihe EcowSchool8 Gr88n Flag Accradltatlon through tha hard work 8nd dedication of our school communlty led by our Eco Councll. As part of this process the school look part In an Eco doy. where all pupll8 and staff were inv5ted lo dress up in Eco colours. Lal8ham LeA èntered th8 ISA Art Compelllion 8nd our Year 4 class project was successful and was Awarded the honour ol'rnost craative,. The Laleham Le8 Pargnt T&acther A880clatlon successfully relaunched in Fobruary 2023. A PTA uniform sa18 and an Ice Crèam sale look plac¥ In the summer i•m. We are an equal opportunity organlsatlon with a working envlronmènl free from dlsGrirninallon of all klnds an(J a wllllngn?ss lo makg roasonable adlu5tm8nts lo working practices to meel the negds of our staff. Charltablfr actlvltS•8 Caring for thos& less fortunate thBn ourselvès Is a recurring theme in the life of the school. Harvest Festival and Christmss gifts were donated to the Purfey Food Hub. Other charities Ih8t have been supported include the Samaritan Purse and successfully ralslng £700 for CAFOD. Oneo agaln, il has b88n possible lo olf8r some limrted bursary provlsion, whSch was made avallable lo 11 during the year.

LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Financlal review Thrs year th8 sCh(X recorded a deficit of £26,207 12022 surplus of £141.6491. Unrestricted r8serv&s as planned stood al £725,202 and have been relained for futu use as d&scrib8d below. All Income and tax exempllon savlngsthusiness rate reduetions are applled for the charitable purp08e8 of the company and indirectly help to support state school and community links. Nev8theless we ¢annol reclalrn VAT Input costs and also pay tsx as an employer through our share of National Insurance contribution3. Reserves policy Th6 School Carries minlmal free Rasarves wilh day lo doy operational costs mel through wod(Ing capital wlthovl ra(x)ur8e to borrowlngs. 11 Ss the Intention lo retaln modegl reseThes in Ihg order of three lo six month5 01 operallng costs to provldo for conlingencieg. fiscal domands, the on-going slabilily and financlal securlly of the School, ils commitments 8nd undertakings. Budgellng pollcy The School Buslno55 Manager h88 prepared a budget lor the yeer endlng 31 August 2024 and maint8ln8 a cawftjl ragular chack over the flnancial situation of the Company, moniloTad by Governors. The Pay Ctsmmillaè, comprlsSng ol three Govemors, meets regularfy lo monllor staff salarles and maka 8nnual Increasès. Bank accrjunl The Chartly's funds ara kept in current and deposll accounts Sn order to maxlm18e returns and to saf&guard deposits, even though the deposll accovnt ra¢68 are prégenlly very low. Plan for futurg perlod8 The School operates a Ihree-y&8r slrateglc development plan that 15 reported on to the Board and formally revlèwed by Ihe Governors. Tha Governors. plans am to further extend our environmèntal Initlallve$ and to cary on ¢onlinuou$ly Improving the sd)ool sile wlth thè aim of culllng our carbon foolprinl. The Learning Environment w511 be conlinuously improved upon and upgraded as wlll the investmnl in technology. Govèrnors are looking al ways ol improving the school ground$ lo maximise the u$¢ ol available Space and ensuring th81 all provislon is sale and ol good quality. Suslainlng the Standards ol excellencé levldencèd by the ISI Inspectlon of February 20221 is a fwAI point of our oxlended curriculum and plannlng, wllh additlonal investment in staffing lo ensuig that the pupi18 continu¥ to receive an excell8nl curriculum and extra-curricular off&r provlding breadth ènd depth in their educatlon. The Haa(J Teacher and Curriculum Sub Commltlae rigorously review tho Curriculum from EYFS to Yr. 6, extending learnlng opportunities for all pupils and 8UPPOrting the well-rounded development of the pupils. wilh the aim ol exlending spocialisl teaching al every opportunity. structure, govemancg and management Lalèharn Lea School Is 8 charitable company limited by guarantee govemed by its Memorandum and Artielès of Association daled 25 January 2007. The school remaln8d dorrnanl until 1st Aprll 2009 when it ¢ornmenced Iradlng. The school has no share capital 8nd is Ilmiled by 9Ll8f8niee. 11 r8 regist&rèd as a charity with th¢ Charlty CommissK)n. All Governors give their timè frèely.

LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 The gov8mors. who 8ra also thg directors for the purpose of ¢ompany18W. 8nd who servad during the year and up to the d8t& ol signature of the financial statements wor8.. M D Barras {Resign8d 23 S8p18mber 20231 K Barry {Rgsigned 31 August 20231 S Bignell (Resigned 21 January 20241 M Brvnn1 (Resigned 18 Febru8ry 20231 K Dwyer-Burchill (Resigned 3 April 20231 E O'Domhnaill M Ryan Father P M L Sebastian Y Epale N FrankopBn Dr M Howard (Appointed 19 Novembor 2022} (Appointèd 21 March 20241 {Appolnt&d 28 S8pl8mber 20231 Recruitm8nl ènd appolntmonl of Irustgos The full Govarnlng Board meets In lull at lea513 tlmes a year. Currently all gov8manc8 dodslons arè rorred lo thè full Board meÈllngs. Thè Board $88k5 Ic> recruit Govemors from wilhln tho local community who have an interest in davèloping the Catholic tharacter ol the school. and 8UPPOrting the aducalional n8eds ol the chlldren al Laloham Le8. Inductlon and ongoSng IT8lning Ss providtrd by the school. the Diocese and the Local Auihorlty. None of the govemoTS has any benelclal Interest in thè company. All of the govgmors are fnombers of the company and guarantee to contribute £1 in the evenl of a winding up. Audltor In ac¢ordance with tha comp8nls artlcles, a resolution proposlng that B8Xt&r & Co be raappoln16d as audllor of th& company wlll b8 put al a General MgeUn9. Rl#k managemtrnt The Governor$ have a duty to Idenllfy and review th8 risks lo whlch the charlty Is 8xpos&d and lo ensure approprlate controls are In place to provide re8sonable assurance ag8lnst Iroud and error. Th13 report has been prapared in accordance with tho special provlsions of Part 15 01 th8 Cornpaniès Acl 2006 rolallng to $m811 companies. The governors, report wa5 approved by thg Board of Govarnorg. M Ryan Chalr of Govomors 14 May 2024

LALEHAM LEA SCHOOL STATEMENT OF GOVERNORS. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2023 The governors. who are also th6 directorg ol Laleham Lea School lor the purpose of company law, are responsibl8 lor prepariny Ihe Goveryiors. Report ai)d the finan¢i81 statements in accordance wlth appIlble law and United Kingdom Accounting Stsndards IUnite<l Kingdom Generally A¢oepled Accounting Practicel. Company Law requSres the governors lo prepare fin8ncio1 stalemenls for each linancial yoar whlch glvo a true and lolr view of the slate of allairs ol the charity and ol the incorning rasources and application of resources, includin9 th8 income and expandlture, of tho chadtablts company for that year. In praparlng Ihese flnaneial stalernents, tho govèmors ar8 mqulred lo.. select sultabl8 accounting ptsliciès and then apply tham conslslenlly,. observè the methods and prln¢Jples In tho Charitles SORP.. make judgemonts and asllrnale8 that are reasonable and prudent., slate whether appll¢able UK A¢countlng Standard$ have b88n follow8d, 8ubjecl to any matarlal departures disdosad and explained In tha flnand81 slatemenls.. and prepare tho financial slalem6nls on the going conc•m b8818 unless1113 Inappropriate to prgsume that the charity will continua in operallon. Th& governors ara résponsible for keeping adeou8ttt 8ccounling records that disclose with reasonable accur8cy al any time the financial position ol tho ¢harity and ènable Iheni to ensur& Ihal the financial slatemonls comply with tha Companies A¢1 2006. Thoy are also responsible lor sale9uarding the assets of the charlty and hencg for laklng rèasonablo steps for tho prevention and deteclign of Iraud and othèr irreguloritie$.

LALEHAM LEA SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF LALEHAM LEA SCHOOL OplnSon W& have avdited the flnaneSal slalements of Laleham Lè8 School Ilhe 'charily'l for the ye8r encled 31 August 2023 which comprise the statement ol finan¢ial aclivilie$, the balance sheet, the stalemenl ol cash flows and notes lo the finan¢lal statemènts, including signlficanl accounting policies. The financial r9po.ng ffamework that has been applied In their prepa¥atson is applicable law and United Kingdom Accounlin9 Slandards. including Financtal Reprjrting Standard 102 The Financial Rèporting Standard 8ppll¢8ble in the UK and Republic of Ireland (United Kingdom G&nerally Accepted Ac¢ounllng Practice). In our opinion, the financial statem8nts". give a true and fair view of the state of the charltable compangs affalrs as at 31 August 2023 wd of Ils incomlng resourcés and application of resources. for the year then ended., have been properly prepared in accordanc£ with United Kingdom Generally Accapted Accounting Practice; and havé baen prepared In accordance with the requlrem6nts of thè Comp8nS¢s Act 2006. Batyl$ lor oplnlon We conducted our audll In accord8nc& with Inlèrnation81 Standards on Audlllng IUKI IISAS IUKII and applieable law. Our responslbllSties under those standards are further dèscrlbed In the Audilors r6sponsibililies lor the 8udil of lh8 financial slalen?gnts section ol our ieport. We are Independent of IhÈ charity In accordanca with th¢ ethical requirements that are relevant lo our audit of the financia5 sl3lements In the UK, in¢ludlng thè FRC'S Ethical Standard. and we have lulfllled our other elhlcal responsltlllties In aoGordance with thes8 requirements. We bèlleve that the audit gvidence we have obl8lngd Is sufflGl&nt and appropriate lo provide a basis lor OUT oplnion. Concluslons relatlng to going concern In audlling the financlal sl8t8menls, we have concluded that the governors, use of the going c4)ncem basls of ac¢ounling in the preparatlon ol the flnanclal slalernenls is approprfale. 88S6d on th8 work wo have performed. we hove not identlfied any materi81 uncertainll8s re1811ng lo events or conditions that, individually or colleclivgly, may cast sSgnificanl doubl on the ch8rlly's abS1ily lo conlSnue as a going concorn lor a period of at18ast e1Ve months from whan the financlal slalgments arè authorise(J lor issue. Our responsibilitles and th8 re8ponsiblllli8s ol Ihe govemors with rgspecl lo going concorn are doscribed in the relevant seclions ol this report. other Informatlon Tha other information mPrISeS Ihe SnformalSon Included In the annual report other than the financial slalern9nts and our auditor's report th¢reon. The governors Bre re$ponslble loi the other Information conlalned wihin th& annu81 r&port. Our oplnion on the financial slalemènls does not cover the other inlomallon and we do not axprass any lom ol a5sur8n¢e conduslon Ihertron. Our responsibility 13 to read the olher informallon and, in doing so. Consider wh$lher tha other inlormalion is materially in¢ons15tenl with the financial stslemenls or our knoed9 obtained in th8 course of thè audit, or otherwise 8ppears to b8 mat8rially misslaled. 11 wo Identsfy su¢h material inwnsistencies or apparent material misslalernents, we are rèquired to delermino whether this give8 rise to a material misslaterr8nt in th& financial statements Ihemselves. 11, based on the work we have perfomied, we conclude that there is 8 material rnisstatement of this other information, we ar6 required lo report that faci. have nothing to report In thi5 regard. Mattors on whlch we are requirad to report by ex¢•ptlon We have nothing lo report in respe¢l of the following matters in relation to whl¢h the Charllie8 (Accounts and Raportsl Regulations 2008 requirè us lo report to you if, In our opinion.. the inforrnation given in the finandal siatem8nts Is inconsistent in any malertal respect with the govèmors, report,. or suffiaenl accounting records have not been kept; or the th'nancial statements are not in agreernent with thg accounting records,. or we hav8 nol received all the infom)ation and explanations we require for our audit.

LALEHAM LEA SCHOOL INDEPENDENT AUDITOR'S REPORT {CONTINUED TO THE GOVERNORS OF LALEHAM LEA SCHOOL R8spon51bilities of govemor$ As èxplained more lully in the slalemenl of govèrnors. restK)nslbilllies, the govemors. who ale also the dlreciors of the charily lor Ihe purpose of company law. ar& responsible for the preparation of the financial stalem¢nts and for belng satisfied that they give a true and falr view. and for such inlernal control as the govemors determine 1$ necessary lo enablg the preparation of finanaal stat8menls that are frea frtsrll materlal misslatemenl, whelher du8 lo fraud or error. In preparing the flnBncial slalemtrnts, the governors arg responsible for assessing the charity's ablllly lo contlnua as a going concern, disdoslng. as applicable. matt$rs related lo going conGern and uslng the going conc6rn basis of 8ccounllng unless the governors either Intend lo liquldate the charitable company or lo cease opeialions. or hava no r8alistic alt8rnalive but lo do 80. Auditorfs r•5pon8lbllltlg$ tor thè audlt of the Ilnanclal $tatom6nt$ Wa have been appolnlad 88 auditor urKJer section 144 of the Chartlies A¢1 2011 and report In accordance with the Acl and relevant regulations rnade or having aftecl Ihereunder. Our obltrdives are lo obtain roasonabl& a88urance èboul whather the financipl stal&m&nls as a whole are free from material misslal•menl. whgther du& to fraud or Èrror. and lo issue hn guditor's rgport Ihat Includes our opinion. Reasonable assurance Is a hlgh level of assurance bul Is nol a guaranlee that an 8u¢Jit conducted in Becordanco with ISAS IUKI will always detect a malartal misslalemenl when tt exists. Mlsstalement5 can arlsa from fraud or rror and are consid8red malarial if, indiv+dually or in the aggr&g8le, they could reastsn8bly be axpècted lo influgncè the economlc decislons ol users taken on the basis ol Ihesa linanclal stalgments. B&c8u8e of the Inherenl1Smilalions ol an audlt, thera Is 8 rtsk that we w511 not dèlect all irregLJlarilies, Induding lttosè lèading lo a malerial mlsslatemanl in the tlnancial stat8m8nls or non-compliance wllh regulation. Thls risk increas95 Ihe more that compliance with a law or regulation is removed from Ihe ovènts and transactions reflected In the finanelal $lalements, as we wlll be les5 likely lo become aware of instances ol non-compliance. The extant lo whleh our procgdur68 arg capable of d&lecling irragularities, Includlng fraud. 13 delailad below. Enq¢Jlry of managem&nl 8nd Ihosg charged wllh govemance around actual and polenllal lillgalion and cl8lms. EnquSry ol manag8mgnt to Identify any instances 0¢ nonrycompliance with laws And regulations. Revithng minutes of m8elings of those chargèd wllh governance. Reviewng financial slalemenl disclosur•s and tesling to supportlng documenlallon to assess compllance with applicable laws and regulations. Auditing the rSsk of manag8ment ovèrride ol controls, including through testing Journal enlri•s and other adjuslmenls for 8ppropriat8ness, and evaluating the buslness ralionale ol significant transactions outside thè normal wurse of business. A lurther description of our responsibilities is available on the Financial RopOng Coundl'$ w8bs5t8 8t.. hllps.'Il ww.Irc.org.uklauditorsresponsibilrties. This doscriplion ftsms part of our audilorfs report. other matt•rs The prior period financial statements We not audlled. Use of our report Thls report is madè solely to the company's mambers. as a body. in accordance wllh section 391 of the Companies Aet 2014. Our audll work has been ¢Jndèrtaken so th31 we mighl stat8 lo Ihg company's mèmbers those matters we are required to slate to Ih6m in an audilorfe report and for no other purpose. To the fullest extent perrnitted by lèw, we do not accept or assLJme responsibillly to anyone oth$r than the company and tho company's rnembers as a body, for our audit work. for this report, or for the opinions we have lomed.

LALEHAM LEA SCHOOL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF LALEHAM LEASCHOOL Louise Hallsworth FCA Isenlor Statutory Audltor} for antl on half of Baxtor & Co 23 May.2024 Chartèrèd Certffled Accountsnts Statutory Audltor Lynwood House CTofton Road Orplnoton K6nt BR8 8QE Baxter & Co Is eligib18 for appoinlm8nt as audllor of charfly by vlrtue of118 911glblllty for appolnlrnenl a$ audllor of company undef sectlon 1212 ofthe CompanSe8 Act 2006.

LALEHAM LEA SCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unr08trlet8d Restricted funds funds 2023 2023 Total Unr8$trlct•d Rastr1ad funds funds 2022 2022 Total 2023 2022 Notss Income from.. Donations and legacies Charitablg activities Other trading activities Invastmonts 726 1,192,497 1,434 5,122 105,868 106.594 1.192,497 1,434 5,122 91,208 91,208 1.131,203 2.691 2.506 1,131,203 2,691 2.506 Totsl Incomè 1,199,779 105,868 1.305,647 1.136,400 91,208 1,227,608 exp¢ndlture on: Raising funds Ch Educational aclivltTes School equipment 12,428 12,426 13,494 13,494 1,173,931 40,478 105,868 1,279,799 40,478 944,355 36,902 91,208 1,035,563 36,902 Total charltabl• •xpendbtur• 1,214,409 105,868 1,320,277 981.257 91,208 1.072,465 Total expenditure 1,226,835 105.868 1,332,703 994,751 91,208 1.085,959 Net Incomell•xpendltur•l #nd rnov•ment In fund$ 127,0561 127.0561 141,649 141,649 R•¢onclllatSon of funds.. Fund balan8 a11 Seplernber 2022 751.409 751,409 609,760 609,760 Fund balances at 31 August 2023 724,353 724,353 751,409 751,409 The slalemenl gf financial actiwties includ8s all gains and losses recognlsed In Ihe y68r. All income and èxpendibjre derive from continulng actlvitle8.

LALEHAM LEA SCHOOL BALANCE SHEET ASAT 31 AUGUST2023 2023 2022 Notss Flxed assgts Tangiblè asgats 14 181,129 198,794 Current as8•ts Debtors Cash al bank and In hand 1S 296,229 1,004,960 262,932 827,336 1.301,189 1,090,268 Cr•dbtOT¥: amounts f•lllng duo wlthln on• y•ar {757,965) 1537,6531 Nel current assèts 543,224 552.815 Tolo1018ot81•88 curront IlabSlltl• 724,353 751,409 Incom• fund$ Unreslriclgd fund$ 724,353 751.409 724.353 751.409 The cornpany Is entllled lo the exemputsn from the audil requir8ment contained in Section 477 of the CompAnl&s Act 2006. for tha year endgd 31 August 2023, 8llhr)ugh an audll has been carrled out under secllon 144 01 th8 Charill88 Act2011. The directors a¢noedge thelr responsibllities lor cornplylng wth the requirernenls of tha Companies Act 2006 wSth respect lo accountlng records and the prèparation ol financi81 sla19menls. ThÈ mèmbèrs have not requlrad th& company lo obtaln an audll of Its financial $t8tem&nts under the rgquiramenls of the Companlès Act 2006, for Ihtr year in question in accordancè with section 476. Those financial statsments h8v& been prepad In accordanc8 with thg provisions applicable lo componies subjèct lo the small companies regime. The ffinancial slatèmants were approved by the Governors on 14 May 2024 M Ryan Ch#ir of Gov•rnors Company roglstrallon numbèr 06067557 10

LALEHAM LEA SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 Not•$ Cash flows frtsm operatln9 a¢llvltlos Cash generated from operatlons 24 195,313 214,707 Investlng a¢tSvltles Purchase of langbble flxed assets Investment Incorne recelved 122,811} 5,122 149.637} 2.506 M•t ¢a•h used In Inv•¥tlng aetlvFtles 117,6891 147,1311 N•t cash u8gd In flnan¢lng actlvftl•s N•t Incrga8• In cash and ¢a8h •qulval•nt• 177,624 167,576 Cash and ¢88h equlvalonts al boglnnlng of year 827,336 859.760 Cash and ¢a$h equlval•nts at •nd of year 1.004,960 827.336

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Accounllng policig Chartty Informatlon Laleharn Lea School is B private company limited by guarantee Incorporal8d In England and Wales. Th8 regisl8red offlce is 29 Pèaks Hill, Pudey. Surrey, CR8 3JJ. 1.1 Ac¢ountlng convèntion The financial statements have been prapared In accordance with Ihe charity's Memorandum and Artlcles ol Association. (he Companies Act 2006, FRS 102 "Tho Financbal Reporting Standard applicable in the UK 8nd Republic of Ireland" I'FRS 102.1 And the Charilias SORP 'Accounling and Roporting by Charities.. Stalemtrnl of Recomrrfjnded Pr8¢1ico applicable to ch8rili6s preparing their 8ecounls in accordanco with the Financial R&ptsrling Standard applicBb18 in the UK and Republic ol Irèland IFRS 1021" leff¥¢live 1 January 20191- The ch8rily is a Public Benefit Entity a5 defined by FRS 102. The financlal slatem8nls prèpar8d In sterling, whlch Is th8 funclSon31 curren¢y of the ¢harity. Mon8tary amounts In these ffinancial slatèments ara rounded lo the nearèst £. 1.2 Golng ¢onc•rn At the time of approvlng the Anancial stalemenls. the governors have 8 reasonab58 expoctats'on Ih8t the charity has adequata resourc85 to continua in operatlonal exlstence for the for8s8eable fulum. Thus Ihg governors rA)nllnue lo odopt the 9olng concern basls of a¢Gounling in preparing the financlal slal8Tngnts. 1.3 Charltabl9 funds Unrostrl¢led funds are availabl¢ for use 81 the dls(xÉtlon ol th¢ governor8 in furlherance ol Ihelr chaTlt8ble oblecliveg. 1.4 Incomo All incom8 Is recognlsed In the Stalemenl of Flnancial Activities once the charity has entidement to the fund$, It Is probabla that the ineome will bè raceived and the omounl can ba measured reliably. The value of 58rvlces provkjed by volunteors is not Incorporated into Ihas8 financi81 statements. Wher8 servlces are provldèd lo the charity a5 8 donalic)n that would ntsrmally be purchased from our supplSers, this conlribullon is included in the finand81 stalemants al an estimate based on thè value of tha contribuliw to Ihe charlty. School fees provide the most significant income for the school and are recognlsed where there Is an enlillement. certalnty ol receipt and the amount can bo measure<l with sufficient Teli8blllty. All other Incorne Including donations and Inveslrnent Income 1$ provided for al the point al whlch11 Is rwlved as il 18 unpredictsble and not malerlal. 1.5 Expgnditure Li8bilities are recognised as 8xpenditur8 as 300n As there is alegal or conslruclive obligation committin9 the charity to that expenditure, It Is probable that a transfer ol economic ben8fits will be requlred In settlement and the amount ol the obllgation can ba measurod reliably . Expendlture is accounted for on an accruals basis and has been dassified under headings that aggregate all cost relat8d to the ¢alegory. Where costs cannot bè direcuy attributed lo partleular hea(Jlngs they hava been allocated to activities on a basis eonsistent with Ihg Use of resouroès. 12

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2023 Aceountlng poll¢108 (Continued) harttable activities Chariiablg expenditure comprises those costs incurred by Ihtr charity in the delivery of educational pro9rarnm8s. It incjudes both StS that can be allocated diredy to such activities and those costs of an Indlrect nabjre necessary to support them. The trusl8es have Identified ¢haritable acts"vities. Govornanc• co¥ts Support costs now in¢lude gov8mance costs whlch are StS assoclated with megting thè constitutional and statutory rgquiremgnls of the charity and include indep8ndonl exarnination fa$s, accountsncy fees, l¥gal and prolassional f66s and bank charges. Allocatlon and apportSonment of co¥ts Any costs whlch a not deèmed as a dSrect cost arg allocal•d as s¢Jpport costs which Include governBnc& costs which ar& Ihose costs a5sodalÈd with m&ellng Ihe constitutional and statutory requlremanls of tho charlly and Inclutle the Independenl 9xaminalion fees and cosls linked lo th8 slraleglc management of the charity. All depreciation costs are deeméd to be suppori costs of the provislon of school 8quipm8nt. All other support costs aTe doemed to be those that support the provlsSon ol educational aclivllies. 1.6 Tanglbl• flxod as8èt* Tangible fixed assets are Initlally m8asur9d at cost and subsequently measur8d 41 cost or valuallon. ng1 of depreciatlon and any Impalm)¥nt losses. Depreciation is recogni5ed so as to wrft& off the cost or valuation of assets loss their reslduèl values ov&r Ihèbr uselul Ilves on thè following bases.. Leaséhold improvements Fixtures and fittings Compulérs Motor v&hicle8 100/0 slralght lin 10Qh slraighl lino 20°/o Straighl lina 33.39h straight lina The galn or1038 arising on th• disposal ol an 88sel is datermined a$ the differencè belMe8n the Sale pro¢oed8 and tho ¢arrying value of lh& a85el, and is r8cogni98d in the ststemenl of flnanci81 acb'vits"as. The charity was granted a SO year lease al a pepp¥r(x)m rent gnd took over Ihe existing building with its assels which wera purchasad for the nominal sum of £1. Tho chariltys policy Ss lo ¢apSlalise tangible fix8¢ assets whlch cost over £1,250 per Individual asgat. 1.7 Impalmient of fixed asS•t$ Al ea¢h Teporting end dal8, the charity reviews the carrying 8mounts of its langlble assels to dtr¢emine whether there is any Indic81ion that Ih05e assèts have suffered an impalmienl loss. If any such indication exists, the r8coverable amount of tha asset 1$ gsb'mated in order to dglermlne the extent of thé impairment 1088 Ilf any). 1.8 Cash and cash •qulvalents Cash and cash èquivalents Includ& ¢a8h in hand, deposits held al call wllh banks, other short-t¢Tm liquld investments with original maluritios of three months or168s. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 13-

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Accountlng pollcies Icontinuedl 1.9 Flnanclal inJtwm•nts The charity has elected tt) apply the provislons of Sectlon 11 'Basic Financial Instruments, and Section 12 'other Finanelal Inslruments15sues' of FRS 102 to all of its financial instnjments. Financial instruments are recognlsed in the charity's balance sheel when the charfty becomes party tr) the contraclual provislons of the instrument. Financlal 88sèts and Ilabllltles are off591, with the nel amounts presgnled in the tlnanclal slatem8nls, when there is a legally enlorceable righl to set off the recogni89d amounts and there Is an intenllon lo settla on a nel basis or to realise the ass81 and sattle the li8bility simultan80usIy. Basic fln•ncl&l asset Basic financial assèts. which Include debtor8 and ca8h and bank balan¢8s, are ini118lly measured at transaction price Including transadion cosls and are subsequently carried al amrtised cost uslng the effectlv Interest method unless tha arrangement conslilules a financing Iransaclion, wh8re tho Ir8nsaction Is measured at the present value of the fulura receipts dlscounled al a markel rale ol Interest, Flnan¢lo1858818 classifièd as receivable within one yèar aro nol am0'sed. Basic flnan¢lal Ilabllltle$ Ba81¢ finAneial liabilities, includlng credhors and b8nk108ns are inili811y recognlgèd at Iransactlon prfce unless the arrang8ment conslilul¢s a Ilnancing Iransaclion, where the debt instrument Is measurod at the present value of the futuro paym8nts discounted al 8 market rale of Int8rest. Flrbanclal liabilili8s classified a5 payable wllhin one year ara not amortlsed. Tradè cr6dllors are obllgalion3 to p8y lor good8 or 8&rvlc8s that hav8 bgen 8¢quired in the ordinary course ol operations from suppligrs. Amount8 payable are cl8S8ilied as ourrenl liabilitie8 11 payrnenl is due within one year or less. If not, they aro presented as non-currenl liabilllies. Tradg credllors ar& r•cogni58d initsally al Ir8nsèction price and subsequently measured al amortlsed cost using the effective inlerost mathod. 1,10 Employ•• b•n•fltg The cost of any unUd holiday enlillemant is recogni$ed In the period In which the employ80's $8tvices are r8ceiv8d. Tgrminalion bonefils are recognised imm8dlatfjly as an expense when tha charity 18 dgmonstrably committed lo t8rrninale the grnploymenl of an &mploy8e or to provide lerminalion benefi'ts. 1.11 R8tlrement b•neflts Payments lo d6fined contribullon reliremgnt benefit 8ch&m8s are ch8rged as an gxpènse as they fall due. Crltleal ac¢ountlng 8stSmats$ and Judgem8nt8 In the app11caln of th# charity's acoounting polici85, the gov8Tnors are requlred to maka judgernenls. estimales and assumption5 about the carrylng amount of assets and Ilabilllie8 that are not readily apparent from other sources. The estimates and associated assumption5 are based on historical experience and other faclors that are considered lo bg r8lavanl. Actual results may diffèr from these eslimale5. The estimates and undedying assumptions are reviewed on an ongoing basls. Revisions to accounting estimates arg recognised in the period in whieh the estimate is revisad whgre Ihg rovlsion affects only thal p8riod, or in the period of tho revision and future periods wharo the rgVi5ion affects both current and future perfods. 14-

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Incomo from donatlon8 and lègacies Unrestrlet•d R•strfetèd funds fund$ 2023 2023 Total Unrèstrlcted Ro*trictsd funds funds 2022 2022 Total 2023 2022 Donallons and glfts Govemm8nt grant income 726 726 105.868 105.888 91,208 91,208 726 105,868 106,594 91.208 91,206 Incom• from charltabl• a¢tlvltl•$ Unroslrl¢tod tunds 2023 Unrn$trict•d funds 2022 Educatlonal actlvltl•s School fees Club income Other Income 1.149.416 30,751 12,330 1.092,829 23,756 14,618 1.192,497 1.131,203 Incomg from other tradlng actlvltl Unre•trlct•d Unr•8lrlctèd funds funds 2023 2022 Trading activity incr)me.' other 1.434 2,691 Income from Invè8tment8 Unrestricted Unr•strl¢tgd funds lunds 2023 2022 Interest r8ceivable 5.122 2,506 15-

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2023 Exporhditurn on raising funds Unre8trlct•d Unrostrl¢t¢d fun(Is fvnds 2023 2022 Fundralslng •nd publlclty Advertising Other fundralsing costs 9,613 2.813 11,678 1,816 12.426 13,494

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Expgnditurg on ¢harltabl• #¢tlvities Educatlonal Sehool aetlvitles equlpment 2023 2023 Total Educatlonal School aeiivltles oqulpment 2022 2022 Totsl 2023 2022 Dlrect costs Staff costs Rale8 and water Insuran¢e Light and heal Educatlonal r8sourc8S and expenditure Postag6, telgphone and stationery Sundries Repairs and maintenancè Travelling axpgnses Indirect omployge expenses Bad debts Sub8criplions IT eosls Catholicity INalivlty I Easterl Club and Outings exp8n$os C8l¥ring expens99 971,265 8,711 6,841 28.729 971,265 8,711 6,841 28.729 744,773 12.120 4,381 13,260 744,773 12,120 4,381 13.260 30.342 30,342 36,782 36.782 18,962 3,610 57,848 1,789 18,962 3,610 57,848 1,789 17,934 1,731 56,839 1.191 17.934 1.731 58,839 1,191 7,381 18.662} 9.823 17,659 7.381 {8,6621 9.823 17,659 11,477 3,548 5,477 15,985 11,477 3,548 5,477 15,985 1,615 1,815 1,817 1.817 10,019 76,342 10,019 76,342 8,251 74,345 8.251 74,345 1,242,474 1.242,474 1.009,911 1,009.911 Sharg of support and gov•manee costs (sèe note 91 Support 2.722 40,478 Goveman¢o 34,603 43,200 34,603 2,595 23,057 36,902 39,497 23.057 1,279,799 40,478 1,320,277 1,035,563 36,902 1.072,465 Analysis by fund Unreslricted lunds Restricted ftjnds 1,173,931 105.868 40.478 1,214,409 105,868 944,355 91,208 36.902 981.257 91,208 1.279.799 40,478 1.320,277 1.035.563 36,902 1.072.4fj5 17-

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Support costs allocated to •¢tlvbtlÈs 2023 2022 Deprecl8llon Bank GhArges Governance costs 40,476 2,722 34,605 36.902 2,595 23,057 77,803 62.554 Analysèd b•tween: Educational activi118$ School equlpmènl 37,325 40,478 25.652 36.902 77,803 62,554 10 N•t mov•mgnt Infunds 2023 2022 N81 movemgnl funds15 Stalèd 8ftar chargingllcreditlngl Fees payable for the audll of the chaTIVs financlal slalemènts Depreciatlon of owned tanglbl8 fixed as8ots 9,510 40.476 9,350 36,902 11 Gov•rnors One or more of the Irustèes has bèèn pald r6muner8tion or hBs received other benefits from 8n employmgnt with the School. The Head Teacher and other Staff trustees only recelve remunèration in respect ol service5 they provlde undertaking the roles of prinryp81 and staff membor$ under their contraots ol employmgnt, and not in resp8cl of Ihelr services 8S trustees. Th8 value ol Iru$lè8s' rgmuneralion and other benefrt8 was as follows.. K Bary (Head Teacher).. R8rnuner8tion". £180,000- £185,IX)012022.. £85,000- £90.0001 Employerfs pension conlribulions.. £15,1)00- £20,00012022." £15.000- £20,000). During the p8riod, travel and subsistence paymonts tolalling £nll12022,. £461 were r8imbursed or paid diredy io O govemors12022.. 1 governorsl. Expenses were incurred In p¢rfomiing the normal duties of employment. 12 Employogs The average mnthly number of employees during the year wa$.. 2023 Number 2022 Number Teachlng Support 14 13 12 12 Total 27 24 18-

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 12 Employ•o8 {Contlnu•dl Employm•nt costs 2023 2022 Wagos 8nd 8alarios Social security costs Other pension c0818 805.271 54,642 111,352 592.865 53,023 98,885 971,265 744.773 The number of employees whos¢ annual remuntrrgts'on wa8 moro than £60.000 Is as follows.. 2023 Numbgr 2022 Numbgw £80.001- £90.000 R•mun•ratlon of k•y manag•m•nt p•r8?nn•l The rgmuneralkjn of k•y rnanag6m&nt personnel is &s follows. The truste8s conslder 512022.. 31 membgrs of staff to b8 key management personnél. The total •mployment beneflls of key manogem8nl personn81 were £332,31612022'. £203,978). 13 Taxatlon Tho charlty15 exempt from 18xation on Its 8clvllles buse 811118 Ino)me Is applied for charltsble purposes. 19-

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 14 Tanglblg fix•d a88•t$ Leayehold FlxtureE and Improvem•nts fltting3 Comput•rs Motor v8hlcle8 Total Cost Al 1 Septembèr 2022 Additions 24.036 12,240 254,972 10.S71 59,012 22,260 360,280 22,811 At 31 August 2023 36,276 265,543 59.012 22.260 383,091 Depreclatlon and Impalrnitrnt Al 1 September 2022 Dgpradation charged In the year 15,175 2.402 94.34 30.273 29,705 7.801 22.260 161,486 40,476 At 31 August 2023 17,S77 124,619 37,506 22,260 201,962 Carrylng amount Al 31 August 2023 18.699 140.924 21.506 181,129 At 31 Augu812022 8.861 160.626 29.307 198,794 15 D•btorn 2023 2022 Amounts falllng du• wlthln ong y•ar: Trade d8blors Olh8r debtors Prepayments and 8c¢ruad Income 268,062 5,361 15,470 237.469 5.174 20.289 288,893 262,932 2023 2022 Amounts falllng du• after mom than one ygar.. Trad¢ dabtors 7,33 Totsl debtors 296.229 262,932 -20-

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 16 Cr•dltlX8: amounts falllng due withln ona year 2023 2022 Notes Othèr taxation and socJal socurfty Deferr8d incom8 Trade crsdllors Othgr creditors Accruals and deferr6d In¢oma 14,162 433,011 67.860 116.393 126.539 14,197 390,917 47,570 74,814 10,155 17 757,965 537.653 17 D•f&rr•d Incoffl• 2023 2022 Arislng from School fees recelvad In odvance 433,011 390.917 Doferred Income13 Included In the financial statamenls as fr>llows= 2023 2022 Deferred income is Included withSn'. Curr8nl liabillllas 433,011 390.917 Mov6m8nls In the year D8ferred income at 1 September 2022 Rel8ased from prevlous perSods Rèsources dgferred in Iho year 390,917 1390,9171 433,011 349,875 1349,8751 390,917 D8f6rr&¢J inci)m8 at 31 August 2023 433,011 390,917 21

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 18 Retlrement bomfft schem83 The Charfty's empk>yaes bolong to principal p&nsion schemes.. the Teachera. Pansion Schemo England and Walès ITPSI lor arademic and related stBff'. and the TPT Penslon S¢h8me ITPTI for ntsn-teaching Staff. The pension charge for th8 year includes ctrntributions payable lo tho TPS 01 £98,18712022 £87,693) and contributions payable lo the TPT scheme of £13,10112022 £11.1921. Contributions amounting to £nil12021 £12.5141 were payable to the sch8mes at 31 August 2023 and are included withln eredilors. Toa¢h•r8' P•nslon Sch•m• The Tg8chers' Pension Scheme ITPSI 18 a stalulory, conlrlbutory. dellned beneflt schern8, 9overned by the T8achers' Pension Scheme Ragulalion5 2014. Membership is aLtiomalic for taach8rs in the Chanty bul Bll teacher8 havè the option to opt out of the TPS ftsllowing enrolrnent. The TPS is an unfunded schema to which both the member and employer m8ke8 conlrlbullons. as a pgrcenlage of salary. Those contributions are credlted to the Exchèquef. Retirgmanl and other pension ben&llts Bre paid by publi¢ funds provided by Parflam8nl. Valuatlon oltho Téachgr•' Ponlon Schemo Th6 Govèrnment Actuary, using normal 8Ctuarial prlnclp18s, conducts A tormal acluarlal rèview of tha TPS ac¢ordanc8 with the Public Setvice Penslons Ivaluatlons and Employ8r Cosl Cap} Dirgclions 2014 published by HM Treasury every 4 yèars. The alm ol the review is to spècify th8 18V81 Of future conidbutions. Actuarial scheme valuatlons are dgpÈndènt on as8umpllons abovl lh6 value of futur8 eosts, d•sign of ban61ils and many other factors. The lalesl actuarial valuatkjn ol the TPS was carried out as al 31 Maroh 2016. The V8ILaUon report was publlshed by th8 Dopartment for Education on 5 March 2019. The koy tslemenls of the valuation and subsequent consultation are.. employer conlribvlion rotes set al 23.68% of ponslonable pay {Including a 0.08% ernployer adminislrallon18vyI total schèmè liabi1S1ies Ipensions currently In payment and the esllmaled cost ol future b8nefltsl for serylce lo the effoelive dale of £218,100 million, and nolion818S$Otslesllm8led futur& conlribulionsl together with the noilonal invostm8nts held 81 tho valuation d8tal of £196,100 million 9lving a notlonal p8st sarvlce defidl of £22,000 mlllion thè SCAPE rate, sel by HMT, is usad lo determine th& nollonal Investment return. The currenl SCAPE rate is 2.4% above the rate ol CPI. The asgumed real rale of return is 2.4% In excess of prices and 2 /0 in excess of eamings. The ratè ol real e8rnings growth l¥ assurned to be 2.2%. The assumed nominal rate of return including eamings growth is 4.45 /.. The nexi v81uatlon result is due to ba implementad from 1 April 2024. A ¢opy of the v81u8llon report and supporting documentalion is on the Teachers, Pgnslons websits. Under the definitions set out In FRS 102, the TPS Is an unfunded multi*rnploy8r pansion scheme. The Charity has accountèd for Its contributions to the 5chem8 BS il il weig a defined contribution scheme. The Charity has sot oul above th8 infomation ovallable on tho seh8rne. -22-

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 19 Unrestrlct•d funds The unrgstrfjcted funds of the charity comprfsa the unaxponded balan¢88 of donatlon$ and grants vthid) ara not subjed to S¢if1C c¢ndilions by donors and grantors as to htsw they may bè used. These Include designated funds which have been set aside out of unrestricted fund$ by th8 trustees lor spe¢ific purpostss. At1 Sèptember 2022 Incom5ng r•¥ources Resourcè¥ At 31 August expended 2023 General fur)d$ 751.409 1,199,779 11,226,835) 724,353 Prnvloui year: At1 S*ptemr 2021 IncomSng resourc•¥ Resour¢es At 31 Augu¥t expènded 2022 General funds 609,760 1.136,400 1994,7511 751.409 20 Flnanclal ¢ommltm•nt•. guarant¢¢¥ and contlngent Ilabllltles Durlng the year anded 31 Augu812020 tho scliotrl opened its kilchen for meals. A contract was fom)èd with N¢uri5h Contract Caledng Llmlted to superviso and niBnage thè caltrng services. The terni ol this contract is six years from 1 September 2019. If the school decidès to t8rmlnatè this contract before Ihls date they will ba liable lo reimbursè Nourish Contract Cataring Limited for any un.deprecialed inve51menl remaining. A$ 8131 August 2023 the value of this liabilily 16 £2,167 12022.. £3.2501. Ihls value wlll deprèciatè on a slraighl line basi5 In Iln8 with the term of the contra¢l. 21 Operallng1ga8e commltmtsnls L&5800 Al the reporting ond dale the charity had oulslandSng commitments for fulufe mSnlmum leas6 payments under non-cancellable operating leasés, whlth fall due as follc)ws'. 2023 2022 Within one year Beeen two and five year5 1,843 1,536 1,536 1,843 3,072 22 R•latÈd party tran$actlons Evans & Sons Heating & Coollng Ltd is a rèlalgd paty by virtue of the fact that M Reece (part of thg leadership team) ralalive owns the company. During the year Laleham Lea School recelved income of £nil 12022 - £nill and incurred expenditure of £24012022 - £nill. At 31 August 2023 Ihere was £240 12022.. £nfill due to Evans & Sons Heating & Cooling Ltd, this amount is includad within creditors. -23-

LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 23 Anafy$l¥ of changgs in net fund Tha charity had no material dèt>t during the year. 24 Ca$h g•n•rat•d from operatlons 2023 2022 (Deficllysurpus for th& ye8r 127,0561 141.649 Adjuslmenls for.. Investment income recognlsed in statement of financial actlvltl8s Depreclation and Impalrmènt ol tanglble fixed assets 15,1221 40,476 12,5061 36,902 Movam•nl8 in ¥Yorklng capital.. Ilncreasel in debtors Increase in uedilor In¢re8sè In dèfèrred inoim& 133,297 178.218 42,094 150,1251 47,745 41,042 Cash g•n•rat•d from op•ratlon• 195.313 214,707 24-

Laleham Lea School

Audit Findings and Management Letter

Audit for the year ended 31 August 2023

Prepared 15[th] March 2024

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Introduction ...................................................................................................... 2 The Audit Process ............................................................................................. 3 Audit approach and scope ............................................................................ 3 Significant risk audit areas ................................................................................ 4 Materiality .................................................................................................... 6 Objectivity and Independence...................................................................... 6 Amendments to financial statements .............................................................. 7 Recommendations for the current year ........................................................... 8 Accounting system and Internal control .......................................................... 8 Expected modifications to the auditor’s report ......................................... 11 Significant difficulties encountered during the audit ................................. 11 Significant matters, if any arising from the audit ....................................... 11 Other action points – Reminders and Submissions .................................... 11

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Introduction

Following completion of our audit fieldwork, we present our audit findings report and management letter for the attention of the Trustees and those charged with governance of Laleham Lea School on the financial statements for the year ended 31 August 2023. This report summarises key issues in connection with the audit of financial statements, which we consider should be drawn to the attention of the Trustees.

The report has been prepared for the purpose of recording the audit scope, approach and risk areas and for communicating audit issues raised with those charged with governance.

We have listed possible improvements to accounting and internal control systems. This does not comprise a comprehensive statement of all weaknesses that may exist or of all improvements that could be made. It addressed only those matters that have come to our attention as a result of the audit procedures we have performed for the purpose of expressing an opinion on the financial statements. As required by International Standards on Auditing (UK and Ireland) the audit included consideration of internal controls relevant to the preparation of the financial statements in order to design appropriate audit procedures but not for the purpose of expressing an opinion on the effectiveness of internal control.

The report has been prepared in compliance for reporting to the and to comply with the provisions of International Standards on Auditing. No reports may be provided to third parties, without our prior consent. Consent will only be granted on the basis that such reports are not prepared with the interest of anyone other than the Charity in mind and we accept no duty of care or responsibility to any other party. The report may not be relied upon for any other purpose. No responsibilities are accepted by Baxter & Co. towards any party acting or refraining from acting as a result of this report.

For ease of reference, we have summarised and prioritised our findings below:

High priority recommendations 0 Medium priority recommendations 6 Low priority recommendations 2 ~~a~~ Total 8 High risk: issues where there is a risk of significant financial impact on the Charity that must be addressed immediately.

Medium risk: issues where there is a risk of moderate financial impact on the Charity that should be addressed soon; and

Low risk: issues that relate to minor control deficiencies or enhancements in control efficiency. These should be addressed within an agreed timescale.

If you have any queries regarding the matters raised in this report, or other issues of concern, please contact us as soon as possible.

Finally, we would like to express our thanks to all of the Charity’s staff that assisted us in carrying out our work.

Baxter & Co.

Lynwood House, Crofton Road Orpington Kent BR6 8QE

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

The Audit Process

Audit approach and scope

Our general audit approach is determined by our assessment of the audit risk, both in terms of the potential misstatement in the financial statements and of the control environment in which the Trust operates. Our outlined approach is summarised as follows.

we will update our understanding of the Charity and its environment through discussions with management and a review of available financial information;
we will obtain evidence to support material balance sheet accounts and perform analytical review procedures of income and expenditure streams;
we will review the design and implementation of key internal financial control systems, including reviewing the reports issued from the internal assurance reviewer;
we will review the adequacy of material disclosures in the financial statements in accordance with FRS102 and the Charities SORP;
we will review the information in the Trustees’ Report for the financial year ensuring it is consistent with the financial statements; and
we will form an opinion whether the financial statements give a true and fair view of the state of the Trust’s affairs as at 31 August 2023.

basis for the preparation of the financial statements and that proper accounting records have been maintained.

ISAs also state that “routine, non-complex transactions that are subject to systematic processing are less likely to give rise to significant risks because they have lower inherent risks”. Our work in these areas will be proportionally less than in the significant risk areas.

In areas where we identify the potential for significant risk, we will extend our audit testing to include more detailed substantive work.

Significant risks

As part of our audit procedures, we are required to consider significant risks that require our attention including:

Whether there is a fraud risk;
The complexity of transactions;
Significance of transactions with related parties;
Degree of subjectivity in the measurement of financial information; and
Transactions outside the normal course of the Charity’s business.

Overall audit strategy

We performed a risk based audit, focusing our work on key audit areas.

ISAs assume that “significant” risks will arise on most audits. Significant risks are often derived from business risks that may result in a material misstatement, relate to unusual transactions that occur infrequently, or judgemental matters where measurement is uncertain. We held an initial planning meeting with key management and finance staff to ascertain management’s own view of potential audit risk and to gain an understanding of the Trust’s activities. We also developed an in depth understanding of the accounting systems and controls so that we may ensure their adequacy as a

The identified significant audit risks were communicated to you in our audit planning letter issued before our main fieldwork began. We now note the work performed and conclusions drawn on the following pages:

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Significant risk audit areas

	Significant Risk	Explanation of the risk	Audit work performed	Conclusion
1.	Revenue recognition	There is an assumption that revenue recognition is a fraud risk. Income from grants should be recognised when the conditions of recognition have been satisfied. Income from contracts should be recognised in the period to which entitlement exists. Classification of income between restricted and unrestricted funds potentially relies on managements decisions.	We documented systems and controls carrying out our audit procedures to ensure income is recorded correctly in the period. We discussed with Charity finance staff whether any cases of fraud had occurred during the period. We also reviewed governors’ minutes of meetings. We have not been made aware of any fraud during the period. Our testing included verifying income to funding agreements and supporting documentation to ensure income is recognised in the correct period. Consideration of whether income had been correctly classified between restricted and unrestricted funds by reviewing and terms and/or conditions was undertaken.	Our audit work has not identified any material errors relating to income recognition, whether relating to fraud or error.
2.	Management override	The trustees and management have the primary responsibility for detection of fraud as part of their role in preventing fraudulent activity. They should ensure a robust system of internal controls exist to facilitate prevention. Auditing Standards presume a significant risk of management override of the system of internal controls. Our audit work is designed to provide reasonable assurance that the accounts are free from material misstatement, whether caused by fraud or error.	During our audit we considered the possibility of manipulation of financial results, for example the use of journals or management estimates, such as provisions and accruals. These have been reviewed as part of our substantive audit work.	Our audit procedures have not identified any instances of management override.

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

	Significant Risk	Explanation of the risk	Audit work performed	Conclusion
		Our audit may serve to act as a deterrent, but we are not responsible for preventing fraud or corruption.
3.	Related and connected parties	We are required to consider whether disclosures in the financial statements concerning related party transactions are complete and comply with Companies Act 2006.	A Companies House/Charity Commission search was completed for each of the trustees to identify possible related parties with which the Charity may have transacted. We have requested written management representations from you confirming the full disclosure of related party transactions.	Our audit work has provided assurance that the related party transactions disclosed in the financial statements are complete.

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Materiality

We apply the concept of materiality both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and the impact of uncorrected misstatements.

Materiality is an expression of the relative significance of a particular matter in the context of the financial statements as a whole. An item will be considered material if its omission would reasonably influence the decisions of those using the financial statements.

Auditors examine financial statements on a test basis. The level of testing we will carry out is based on our assessment of the risk that an item in the financial statements may be materially misstated. As such, it is neither practical nor appropriate to give an indication of the value of an item we would consider to be material although, clearly, we do relatively more work in areas where the risk of misstatement is considered to be high.

We have assessed the materiality by considering the total income of the Charity, net of capital income together with other relevant indicators. A lower measure of materiality was set for those specific areas where the nature of the transactions requires this.

Individual errors or accumulated errors, found during the course of the audit that are in excess of materiality were discussed with you and adjustments were made to the financial statements. If the adjustments had not been made, our audit report would be modified. Any adjustments found during the audit that are below the relevant materiality lever have been sent for consideration by the Trustees.

We note that in addition to performing the statutory audit, we also provide the following non-audit services:

a) Preparation of statutory financial statements from the Charity’s trial balance;
b) Provision of general advice as required;
c) Preparation of corporation tax computation and CT600 return.

The following safeguards are in place in respect of providing of the above non-audit services to ensure our independence:

a) Preparation of statutory financial statements from the Charity’s trial balance is carried out by a dedicated accounts production team separate from audit and is a mechanical function presenting the Charity’s results for the period in the required format. Any adjustments to the figures will be made following discussion and approval by the Charity. The process of preparation of the financial statements is reviewed by an independent manager prior to completion;
b) General advice and assistance with accounting queries during the period is not considered significant for this Charity;
c) The completion of the taxation computation and other corporation tax compliance is carried out by a separate tax department.

Objectivity and Independence

As agreed with you, the provision of non-audit services to you results in a potential threat to our independence. We can confirm that, as required by professional ethical standards, we have implemented appropriate safeguards to deal with this threat, in accordance with the guidance issued by our professional body.

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Amendments to financial statements

It is considered good practice to inform you of any material adjustments within the financial statements presented for audit that have been discovered during the audit process as well as adjustments notified to us by you. Set out below is a list of audit adjustments for which you have authorised adjustment to the financial statements, and the impact of those adjustments.

	Effect on Fund Reserves (£)
Fundsper ledger	809,011
Correction to mis-posted asset	-494
Fixed asset addition	12,240
Remove bad debtprovision	9,446
Introduce bank interest	2,044
Audit and accountspreparation accrual	-8,730
Reverseprioryear accrual	900
Remove duplicate interest	-849
Introduce accrual in respect of settlement	-99,215
Fundsper Accounts ~~a~~	724,353 ~~a~~

In addition to the above, some presentation adjustments have been included in the financial statements although these have had no impact on the total of fund balances, including the allocation of income and expenditure to relevant funds

Other than the listed adjustments, we have not identified any misstatements or omissions (unless clearly trivial) from the financial statements, which have not been adjusted by you.

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Recommendations for the current year

Accounting system and Internal control

We set out below a summary of the matters identified from our audit work relating to the accounting system and internal control weaknesses. We have included our view of the priority (low, medium, or high) of each point. In arriving at our view of priority we have considered both the potential impact of the weakness identified and the likelihood of the related risk materialising.

Description and impact	Recommendation	Management Response	Priority
Declaration form was not held on file for resigned School Business Manager. Impact: Incomplete records of annual declarations. A risk of related party transactions going unnoticed.	We recommend that evidence of annual declarations of business interests are obtained and retained on file.	The School Business Manager requested that the Clerk maintains all HT/DH and SBM DoI forms alongside the governor DoI forms.	Low
Salary letters held on file were noted to be unsigned. Impact: Pay not evidenced as being independently authorised.	We recommend copies of signed salary extension letters are retained on file as evidence of rates of pay being authorised at appropriate levels.	The School Business Manager will ensure the signed copies are held on file.	Medium
Evidence for authorisation of overtime hours was not held on file. We were informed that this was likely to have been authorised via email. Impact: Pay not evidenced as being independently authorised.	We recommend that authorisation evidence is retained on the monthly payroll file.	The School Business Manager already implemented a system whereby staff complete an overtime form to be authorised. A front cover of overtime is completed each month for all the overtime within the month. The HT and SBM review this together before the overtime is recorded on the salary calculations spreadsheet. The cover sheet is authorised by the HT & SBM.	Medium

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Description and impact	Recommendation	Management Response	Priority
Instances where invoices had not been evidenced as authorised. Impact: A risk that funds could be misappropriated.	We recommend that authorisation of invoices is appropriately evidenced.	The School Business Manager will ensure that all invoices are evidenced as authorised.	Medium
Instances where payment runs had not been evidenced as authorised. Impact: A risk that funds could be misappropriated.	We recommend that BACS transaction reports are signed to evidence the approval of payment to suppliers.	The School Business Manager has implemented this. Checks were evident on BACS payments tested later in the year.	Medium
Two transactions we tested did not have a supporting purchase order on file where one would be expected. One transaction that did have a supporting purchase order however this was not authorised. Impact: payments are not authorised before expenditure is incurred.	We recommend that purchase orders are raised where possible and authorised prior to the expenditure being incurred.	The School Business Manager is implementing purchase order forms.	Low
One expenditure transaction tested did not have a supporting invoice on file. Impact: payments are not authorised. A risk that funds could be misappropriated.	We recommend that all invoices are held on file and evidenced as authorised.	The new SBM is ensuring that all supplier authorised invoices are only filed in the purchase ledger files. Previously, invoices in other various files not specific to purchase ledger invoices.	Medium

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Description and impact	Recommendation	Management Response	Priority
Instances where banking has been made from petty cash to the current account. For one sample, no signatories were recorded to approve the cash counted and subsequently banked. For another sample, only the School Business Manager had signed. For another sample, a higher amount was banked than that had left the petty cash account. No record of this on the petty cash file.	We recommend that in all instances when counting petty cash, two signatories are recorded.	The School Business Manager informed me that there will be one last reconciliation of cash, this will be counted and signed by two individuals. Cash will then no longer be in use.	Medium

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Expected modifications to the auditor’s report

We have substantially completed our work and intend to issue an unmodified audit opinion, subject to the trustees’ approving the financial statements and any minor outstanding items being received and/or completed. Other matters to be communicated with those charged with Governance.

Significant difficulties encountered during the audit

We did not encounter any significant difficulties during the audit

Significant matters, if any arising from the audit

There are no further significant matters that we need to bring to your attention.

Going Concern

The Trustees need to give consideration to the level of reserves maintained and consider going concern for a period being at least 12 months from the approval of the accounts.

Other action points – Reminders and Submissions

1) A written reply should be prepared in response to this report. Please return it to us keeping a signed copy for your own records.
2) On return to us of the signed statutory accounts and the signed letter of representation which must be on the Charity’s headed paper, we will certify the audit report(s) and send you the certified accounts for submission to the Charity Commission (the filing deadline is 30 June 2024).

Baxter & Co. Chartered Certified Accountants Lynwood House, Orpington, Kent, BR6 8QE

E: schools@baxter.co.uk | T: 01689 877081 | W: www.baxter.co.uk

Laleham Lea School

Audit Findings and Management Letter

Contents

Introduction

The Audit Process

Audit approach and scope

Significant risks

Overall audit strategy

Significant risk audit areas

Materiality

Objectivity and Independence

Amendments to financial statements

Recommendations for the current year

Accounting system and Internal control

Expected modifications to the auditor’s report

Significant difficulties encountered during the audit

Significant matters, if any arising from the audit

Going Concern

Other action points – Reminders and Submissions