Charity registration number 1118598 Company registration number 06067557 (England and Wales) LALEHAM LEA SCHOOL (LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 'AE31BAD6* 2110512025 COMPANIES HOUSE A10
LALEHAM LEA SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Governors E O'Domhnaill M Ryan Father P M L Sebastian Y Epale N Frankopan Dr M Howard C D'souza G Whyte (Appointed 21 March 2024) (Appointed 28 September 2023) (Appointed 26 November 2024) (Appointed 30 January 2025) CharSty numb•r 1118598 Company number 06067557 Rogl•l•r•d offlc• 29 Peaks Hill Purtey sUrY CR8 3JJ Auditor Baxter & Co Lynw¢)od House Crofton Road Orpington Kent BR6 8QE
LALEHAM LEASCHOOL CONTENTS Page Governors. report ststement of governors, responsibilities Independent auditorfs report ststement of financial activities Balance sheet 10 ststemenl of cash Ilows 11 Notes to the financial statements 12-24
LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The governo. who are also the Trustees and directors of the charity for the purposes of the Companies Act 2006. Psent their annual report and financial statements for the year ended 31 August 2024. The financial stalemenls have been prepared in accordance wilh the accounting policies Set out in note 1 to the financial statements and comply with the chanty's goveming document. the Companies Act 2006 and "Accounling and Reporting by Charities.. Statement of Recommended Practice applicab18 to charities pparing their accounts in accordance with the Financial Repong Standard applicable in the UK and Republic of Ireland {FRS 1021" leffecllve 1 January 2019). ObSectlves and activities The charity's objects are lo advance the Catholic religion by the conduct of a Catholic School or by any ancillary or religious or educational activities for the benefit of the public. The charity aims to deliver its objectives by focusing on the followng key aims- 1. To ensure that all aspects of school life are permeated by the Catholic ethos of respect and love for one's neighbour 2. To provide a first class education for boys and girls aged 3 to 11+ 3. To build each pupil's self-confidence so that they are prepared lor the opportunities and responsibilities of the secondary curriculum and service to the viider community 4. To provide facilities for local educational. family and Catholic child-centred programmes Public benefit The governors have paid due regard lo guidance issued by Ihe Charity Commission's general and supplementary guidance on public benefit. We are also mindful of the requirements ol Catholic Social Teaching when considering the advancement ol education. fee-charging, reviewing our aims and objectives and planning our future aclivilies. Achievements and perforniance Significanl aclivities and achievements against objeclives Children from all backgrounds are welcomed inlo the school and pupils benefit from our kind, caring and diverse community, Places are offered following an inlomial assessment lo ascertain the prospective pupils, pace of leaming lo ensure that they can benefit from the education provided. Pupil reports are issued tsvice a year and Parent Evenings are carried out lce during the year. Parent and Class Teacher communications are a¢tively encouraged. The Independent Schools Inspectorate carried out an inspection ol the school from 21 sl February to 25th February 2022 and found the quality of the pupils, academic and other achievements is excellent. They found that the quality of the pupils. personal development is excellent and the compliance slandards were fully met. The Section 48 Denominational Inspection was carried out in October 2019. The Inspector's conclusion is that 'Laleham Lea is an Oulslanding Catholic School, and 'Religious Education is exceplionally well led with the partnership between leaders at all levels being highly effective,. Our strong commitment lo safeguarding remains paramount and our training of all stsff. Governors and volunteers is ongoing. During the year, the pupils enjoyed curriculum lessons, individual instrumental lessons, LAMDA inslruction and in- school clubs. Our pupils enjoyed many educational visils,. Year S visited The Imperial War Museum. Year 4 vi51ted the Shakespeare's Globe Theatre, Year 1 and Year 2 visited Painshill Park, Year 2 visited Port Lympne and Year 3 went to Morden Hall. Some of our Year 5 and 6 pupils attended the Soulhwark Oiocese Start of Year mass at Sl George's Cathedral. We also welcomed the Metropolitan Police and a dentist lo visit our EYFS. Our whole school benefited from a drama production and Black History Day workshops. In the summer. our pupils and parenls enjoyed Sports Day held at Purley Sports Club. Our Year 6 group enjoyed a residential trip to PGL Marchan15 Hill and our Year 5 enjoyed a day ofAquasports.
LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Our varied lunchtime and after-school club activities increased and included Reading club, Verbal and Non-verbal Reasoning. Latin and Classical Civilisation, Tennis, Orchestra. Origami. gardening club, STEM, Art & Design, Acceleraled Maths. and Bollywood Oancing. LAMDA exams went ahead and excellent results were achieved. Tennis, souash and football were part of the offering. All pupils at Laleham Lea receive a cooked lunch Bnd a morning snack each day provided by our onsite catenng teaffl. This is included within our school fees. Our Nalivity plays and Carol Concert took place in the autumn lerm. The Easter Concert and our Year 5 and Year 6 production ol 'The Rocky monster Show, Ihe musical. held laler in Ihe year. were performed live for the parenls. This was followed by our annual Pnze-Giving ceremony celebrating the successes of our pupils. We compeled with other local Catholic Schools in a wide range of events including cricket. science and maths qUiZ2es, infant and junior sports day, netball and football tournaments. We also competed in inter schools maths challenge wilh other local schools, including independent schools. The school finished the 2024 academic year with 147 on roll. which was an increase from the previous year (2023.138). Applications for future years are strong with school and nursery application¥ already received for 20251 Due lo the departure of Ihg previous Headleacher. the existing Deputy Headleacher was appointed Acbn9 Headl8acher. Durin9 the coursè of the year, the company employed 2 members of staff.. one lull-timè support slaff and one Acting Deputy Headteacher in April 2024. Laleham Lea School operates for 171 days a year. The school is open from 8.20am to 3.25pm. In addition to the ordinary school day, we operate an Early Birds provision starting al 8am and a Late Leavers provision, which remains open until 5.30pm. Our Early Bird provision extended in the summer term lo a 7.30am start, 8olh provisions affj w811 attended. Laleham Lea successfully retained our Eco-S¢hools Green Flag Accreditation, with distinction, through the hard work and dedication of our school community led by our Eco Council. As part of this process the school look p8rt in an Eco day. where all pupils and staff were invited to dress up in Eco colours. The Laleham Lea Parent Teacher Association successfully continued during the academic year. PTA events including uniform sales, Ice Cream sales, movie nights, discos and a very successful Christmas fair and summer fair. Our PTA events extended to parents and consisted of a parent quiz nighl and other parent social events. We are an equal opportunity organisalion with a working environment free from discrimination of all kinds and a willingness to make reasonable adjuslmenls to workin9 praclices to meet the needs of our staff. Charitable activitles Caring for those less fortunate Ihan ourselves is a recurring theme in the life of the school. Harvest Festival and Christmas gifts were donated to the Purley Food Hub. Other charities that have been supported include the Samaritan Purse. CAFOD and successfully raising nearly £1.000 for ChiliJren In Need. The launch of our Mini Vinnies group introduces children to social justice issues and lo living faith through action as part of the Sl Vincent de Paul Society. Events have included reading and singing at local care homes. Once again, it has been possible to offer some limited bursary provision. which was made available to 12 during the year.
LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Financial revi•w This year the School recorded a surplus of £185,333 1202212023 deficit - £27,056). Unrestricled reserves as planned stood at £909,686 and have been retained for future use as described below. All income and lax exemption savingslbusiness rate reduclions are applied for the charitable purposes of the company and indirectly help to support state school and community links. Nevertheless we cannol reclaim VAT input costs and also pay lax as an employer through our share of National Insurance contributions. Reserrfes policy The School carries minimal Iree Reserves with day-to-day operational costs Met through workin9 capital without recouw lo borrowings. It is the intention to relain modest SetVeS in the order of thffje to slx months of oper81ing costs lo provide ft)r contingencies, fiscal demands, the Onoing stability and financial security of Ihe School, its commitments and undertakings. Budgeting policy The School Businegs Manager ha5 prepared a budget for the year endin9 31 August 2025 and maintains a careful regular check over Ihe financial situation of the company, monitored by Governors. The Pay Comrnittee, comprising of three Governors. meets gUlarlY lo monitor staff salaries and make annual increases. Bank Account The Charity's funds are kept in current and deposit accounts in order to maximise returns and to safeguard deposits, even though the deposit account rates are presently very low. Plans for futurq perSod8 The School operates a three-year strategic development plan that is reported on to the Board and formally reviewed by the Govemors. The Govemors. plans are to further extend our environmental initiatives and to carry on continuously improving the school sile with the aim of culting our carbon footpnnl. The Leaming Environmenl will be continuously improved upon and upgraded a5 will the investment in technology, Governors are looking at ways of improving the school grounds to maximise the use of available space and 8nsiiring that all provision 15 safe and of good quality. Sustaining the standards of excellence (evidenced by the ISI inspaclion of February 2022) is a focal point of our extended curriculum and planning, wilh additional inveslmenl in staffing lo ensure Ihal the pupils continue lo receive an excellenl curriculum and extra-curricular offer providing breadth and depth in their educalion. The Head Teacher Governor's rigorously VIeW the Curriculum from EYFS lo Yr. 6. extending learning opportunities for all pupils and supporting the well-rounded development of the pupils, with the aim of extending specialist teaching at every opportunity. Structure, governance and management Laleham Lea School is a company limited by guarantee governed by its Memorandum and Articles of Association dated 25 January 2007. The school remained dormant unts'l 1 st April 2009 when it wmmenced trading. The school has no share capital and is limited by guarantee. It is gIStered as a charity with Ihe Charily Commission. All Governors give their lime freely in a voluntary capacity.
LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The govemors. who are also the directors for the purpose of company law. and who seprfed during the year and up to the dale of signature of the financial statements were.. M D Barras (Resigned 23 September 2023) S Bignell (Resigned 21 January 2024) E O'Domhnaill M Ryan Father P M L Sebaslian Y Epale N Frankopan Dr M Howard C D'souza G Whyte (Appointed 21 March 2024) (Appointed 28 September 20231 (Appointed 26 November 20241 (Appointed 30 January 2025) Récruitmenl and 8ppointmenl of trustees The full Goveming Board meets in full al lea516 times a year. Currently all governance decisions are referred lo the full Board meelings. The Board seeks lo recruit Govemors from wilhin the local community who have an inleresl in developing the Catholic character of the school. and supporting the educational need5 of the children al Laleham Lea. Induction and ongoing training is provided by the school. the Diocese and the Local Authority. None of the governors has any benefiGial interest in the company. All of Ihe governors are members of the company and guarantee lo contribute £1 in the evenl of a winding up. Auditor In accordance with the company's articles. a resolution proposing that Baxter & Co be reappointed as auditor of the company will be put at a General Meeting. Risk managomgnt The Governors have a duly to identify and review the risks lo which Ihe charity is exposed and to ensure appropriate controls are in place to provide aSOnable assurance against fraud and error. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The governors, report was approved by the Board of Govemors M Ryan Chalr of Govèmors 14 May 2025
LALEHAM LEA SCHOOL STATEMENT OF GOVERNORS. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2024 The govemors, who are also the directors of Laleham Lea School for the purpose of company law. are responsible for preparing Ihe Governors. Report and the financial ststemenls in acrdanCe wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the governors to prepare financial statements for each financial year which give a true and fair view of the stsle of affairs of the charity and ol the incoming resources and application of resources, including the income and expenditure. of the charitable company lor that year. In preparing these financial stalements, the govemors are required to.. select suitable accounting policies and then apply them consistently. observe the mèthods and principlès in the Charibes SORP; make judgements and eslimales that are reasonable and prudent. stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in Ihe financial slatements.. and prepare the financial 51atemenls on the going concern basis unless il is inappropriate to presume that the Charity will continue in operation. The govemors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assels ol the charity and hence for taking reasonable steps lor the prevention and deleclion of fraud and other irregularities.
LALEHAM LEA SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF LALEHAM LEA SCHOOL Oplnlon We have audited the financial statements of Laleham Lea School (the 'charily') for the year ended 31 Augusl 2024 which comprise the statement of financial activities. the balance sheet, the statement of cash flows and notes to the financial slalemenls. including significant accounting policies. The financial reporting framework Ihal has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and RepublK of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as al 31 August 2024 and of its incoming resources and application of resources, lof the year then ended., have been properly prepared in accordance wilh Uniled Kingdom Generally Accepted Accounting Pracllce.. and have been prepared In accordance with the requirements of the Companies Act 2006. Ba818 lor oplnlon We conduded our audit in accordance with Inlernalional Stsndards on Auditing IUKI (ISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other elhiG81 responsibilities in accordance with these requirements. We believe Ih81 the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In audiling the financial slalement5, we have conduded that the governors. use of the 90ing ¢onc8m basls of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have nol idenlified any material uncertainties relaling to events or conditions that, individually or collectively, may cast significant doubl on Ihe charity's ability lo continue as a going concern for a period of at leasl twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibililies of the governors with respect to going concem a described in the relevant sections of this report. Oth•r infomiation The other infomiation comprises the information included in the annual report other than Ihe financial statements and our auditor's report Iherèon. The govemors are responsible for the other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other information and we do not express any form of assuranct conclusion Ihereon. Our responsibility is to read the other information and. in doing so, consider whether the other informalion is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misslaled. 11 we identify such material inconsistencies or apparent material misstatements. we are required lo determine whether Ihis gives rise lo material misstatement in the financial statements Ihemselves. If, based on the work we have perfomied. we conclude that there is a material misstalemenl of this other information. we are required to report that fact. We have nothing lo report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following matters in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the information given in the financial statemenls is inconsistent in any mateiial respect with the governors, report.. or sufficient accounting records have not been kepl., or the financial statements are not in agreement with the accounting records,. or we have not received all the information and explanations we require for our audil.
LALEHAM LEA SCHOOL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF LALEHAM LEA SCHOOL Responslbllities of govornors As explained more fully in the ststement of govemors, responsibilities, the governots. who are also the d1ClOr8 of the charity for the purpose of company law. are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal conlrol as the governors determine is necessary lo enable the preparation of financi81 stslements that are free Irom material misstatement, whether due to fraud or error. In preparing the financial statements, the govemors are responsible for assessing the charitys ability to conlinue as a going concem. disclosing. as applicable. matters related lo going concern and using the going concern basis of accounting unless the governors either intend lo liquidate the charitable company or lo ceasé operations, or have no realistic alternative bul to do so. Auditorfs responsibilities for the audlt ol the financial Statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulatlons made or having effect thender. Our objectives are lo obtain reasonable assurance about whelher the financial slatemenls as a whole are Ie from material misslalemenl, whether due lo fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordanco with ISAS (UK) will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered malerial il. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial stat8m8nls. Because of the inherent limitats.ons of an audit, there is a risk that we will not delecl all irregularities, including those le8ding lo a material misststemenl in the financial statements Of non-compliance with regulalion. This risk increases the more that compliance with a law or regulation is removed Irom the events and transactions reflected in the rinanc181 statements, as we will be less likely to become aware ol instances ol non-compliance. The extent to which our procedures are capable of detecting irregularities. including ffaud, is detsiled below. EnqLtiry of management and those charged wilh governance around aclual and poienlial litigation and claims. Enquiry of management to identify any instances of non-compliance with laws and regulations. Reviewing minutes of meetings ol those charged with governance. Reviewing financial stslemenl disclosures and lesling lo supporting documentation to assess compliance with applicable laws and regulations. Audiling the risk of management override of controls. including through lesling journal entries and other adjuslments for appropriateness, and evaluating the business rationale of significant transactions ou15ide the normal course of busines8. A further description of our responsibililies is available on the Financial Reporting Council's websile at.. httPS.'II www.frc.org.uklaudilorsresponsibililies. This description foms part ol our auditorfs report. Use of our report This report is made solely to the mmpany's members. as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might stale lo the company's members those matters we are required to slate lo them in an audilofs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the company and the company's members as a body. for our audit ¥vork, for this report, or for the opinions we have formed.
LALEHAM LEA SCHOOL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF LALEHAM LEA SCHOOL Louis• Hallsworth FCA {Senior Statutory Audilor) for and on behalf of Baxter & Co 16 May. 2025 Chartered Accountants Statutory Audltor Lynwood House Crofton Road Orpington Kent BR6 8QE Baxter & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of company under section 1212 of the Companies Act 2006.
LALEHAM LEA SCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 A UGUST 2024 Unreslrlcted R•stricted funds funds 2024 2024 Tolal Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Not•• Income from: Donations and legacies Charitable activities Other Irading activities Investments 170 1,368,560 2,454 12,929 123,951 124.121 1,368,560 2,454 12.929 726 1.192,497 1,434 5.122 105.868 106,594 1,192.497 1.434 5.122 Total Income 1,384,113 123.951 1,508.064 1.199,779 105.868 1.305.647 Expendituro on: Raising funds Charil Educalional activities School equipment 14.183 14,183 12,426 12.426 1,139,889 44,708 123,951 1,263.840 44,708 1,173.931 40.478 105,868 1.279,799 40,478 Total ¢haritabl• •xp•ndltur• 1,184,597 123.951 1,308,548 1.214.409 105,868 1.320.277 Total expenditure 1.198.780 123,951 1,322,731 1,226,835 105.868 1,332.703 Net Incom•l(•xpendStur•) and movement In funds 185,333 185,333 (27.0561 127.056) R•con¢lllation of funds: Fun¢J balances at I September 2023 724,353 724,353 751.409 751,409 Fund balances at 31 August 2024 909,686 909,686 724,353 724,353 The stalernenl of finanual activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing activities.
LALEHAM LEA SCHOOL BALANCE SHEET AS AT31 AUGUST2024 2024 2023 Notss Flxed assets Tangible assets 14 231,227 181,129 Current a•#•ts Debtors Cash al bank and in hand 15 277,182 976,478 2.229 1,004.960 1.2S3.660 1,301.189 Creditorn: amovnts falling due w6th1n one year 16 (575,201) (757,9651 Nel ¢urrent assels 678,459 543.224 Total assets1o99 currnnt liabilitios 909,686 724.353 Incorn• lund8 Unrestricted funds 909,686 724.353 909,686 724,353 The company 1$ entitled lo Ihe exemption from the audit requirement contained in section 477 of thg Companies Act 2006, lor the year ended 31 August 2024. allhough an audit has been Carried out under secllon 144 of Ihè Charities Act2011. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 wh respect to accaunling records and the preparalion of financial Slalemenls. The rnembers have not required the company to obtain an au¢*t nf its financial statem9nt$ under t'he requircm¢nt8 ol Ihe Companies Act 2006, for the year in question in accordance wllh $8clion 476. These financlal statements have been prepared in a¢¢ordance wllh the provisions applicable to CLfympanies subject to the small companies r&gime. The financial slalemenls were approved by the Governor5 on 14 May 2025 M Ryan Chalr of Governo Jo lJ-/zr Company regi8trafjon number 06067S57 10-
LALEHAM LEA SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes Cash Ilows from operatlng actlvltles Cash generated from operations 25 53,395 195,313 Investing activitle8 Purchase of tangible fixed assets Investment income received (94.806) 12.929 122,811} 5.122 Nat cash used In Investlng activlti•8 (81,877) (17,689) Nel cash used in financing actlvlties Net Idecroasevincrease in cash and cash •quivalent6 128,482) 177,624 Cash and cash equivalents at beginning of year 1,004,960 827,336 Cash and cash •qulvalgnt8 at end of year 976,478 1,004.960 11
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounling policies Charity information Laleham Lea School is a private company limited by guarantee incorporated in England and Wales. The registered office is 29 Peaks Hill, Purley, Surrey. CR8 3JJ. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charlty's Memorandum and Article5 of Association. the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102") and the Charities SORP "Accounting and Reporting by Charilies: Sialemenl of Recommended Practice applicable lo charities preparing Iheir accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The chanty is a Public Benefit Enlity as dèfined by FRS 102. The financial statements are prepared in sterling, which is the functsonal ¢urren¢y of th8 charity. Monetsry amounts in these financial slalemenls are rounded lo the nearest £. 1.2 Golng conc•rn Ai the lime of approving the financial statements, the governors have a reasonable expeclalion that the charily has adequate resources to continue in operational existence for the foreseeable future. Thus the governors continue to adopt the going concern basis of accounting in preparing the financial slatemenls. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the governors in furtherance of their charitable objeGtives. 1.4 Income All income is recognised in the Statement of Financial Activities once the charity has enlillement to the funds. il is probable Ihal the income will be received and the amount can be measured reliably. The value of seNices provided by volunteers is nol incorporated Into these financial statements. Where services are provided to the charity as a donation that would normally be purchased from aur suppliers, Ihis contribution is included in the financial statements 81 an eslimBte based on the value of the Gontribution to the charity. School fees provide the most significant income for the school and are recognised where Iheffj is an entillemenl, certainly of receipt and the amount can be measured with sufficient reliability. All other income including donations and investment income is provided ftjr at the F)oinl at which it is reGeived as il is unpredictable and not malerial. 1.5 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslructive obligation commilling the chanly lo that expenditure, il is probable that a transfer of economic benefits will be qUIred in settlement and the amount ol the obligation can be measured reliably . Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been alloraled to activities on a basis consistent with the use of resources. Charitable activities Charilable expenditure comprises those costs incurred by the charity in the delivery of educational programmes. It includes both costs that can be allocale(J dI¢11Y lo such aclivities and those costs of an indirect natu necessary lo support them. The trustees have identified two charitable activities. 12-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounling pollcle• (Continued) Governance costs Support costs now include governance costs which are costs associated with meeling Ihe constitutional and slalulory requirements of Ihe charity and include independent examination fees, accountsncy lees. legal and professional fees and bank charges. Allocation and apportionment of costs Any costs which are not deemed as a direct cosl are allocated as support costs which include governance costs which are those costs associaterj with meeting the constrlullonal and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity_ All depreciation costs are deemed to be support costs of the provision of school equipment. All other support costs are deemed to be those that support the provision of educational activities. 1.6 Tangible fixed assets Tangible fixed assels are initially measured at cost and subsequently measu al cost or valuation. net of depTecialion and any impairment losses. Depreciation is recognlsed so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold improvemen18 Fixtures and fittings Computers Motor vehicles 10% slraighl line 10Yo slraighl line 20% straight line 33.3% slraighl line The gain or loss arising on the disposal of an asset is determined as the drfference between the sale proceeds and the carrying value of the asset, and is recognised in Ihe statement of financial activities. The charity was granted 8 50 year lease al 8 peppercorn rent and took over the existing building with its assets which were purchased for the nominal sum of £1. The charity's policy is to capitalise tangible fixed assets which cost over £1,250 per individual asset. 1.7 Impairment of flxed assots Al each reporting end date. the charity reviews the carying amounts of its tangible assets lo determine whether there is any indication Ihal those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset IS 851imaled in order to determine the exlent ol the impairment loss lif any). 1.8 Cash and cash oquivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-temi liquid investments with original malurilies of three months Of less, and bank ovèrdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected lo apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial inslruments. Financial instruments are recognised in the charity's balan sheet when the charity becomes party to the contractual provisions of the inslrumenl. Financial .assets and liabilities are offsel. with the nel amounts psented in the financial statements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and settle the liability simultaneously. 13-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng policies (Continued) Basic financial assets Basic financial assets. which include debtots and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transacts'on. where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortiseo. Basic financial liabilitiés Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constilules a financing Iransaclion, where the debl instrument is meaSUd al the present value of the future payments discounted at a market rate of interest. Financial liabililies classified as payable within one year are not aM0.Sed. Trade creditors are obligations lo pay ft)r goods or seNices Ihal have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabililies if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade Creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. 1.10 Employ•• b•n•fltS The cost of any unused holiday entitlement is recognised in Ihe period in which the employee's services are received. Teminalion benelils are recognised immediately as an expense when the charity is demonstrably committed lo terminate the employment of an employee or lo provide termination benefits. 1.11 R•tir•ment b•n¢fits Payments lo defined conlribullon retirement benefit schemes are charged as an expense as they fall due. Retirement benefits to employees are provided by the Teachers, Pension Scheffle I'TPS'I defined benefit scheme. The assets and Ihe liabililies are held separately from those of the charity. Critical accounting •$timate8 and Judgements In the application of the charity's accounting policies. the governors are required to make iudgemenls, estimales and assumptions about the carrying amount of assets and liabililies that are not readily apparent from other source5. The eslimales and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these eslimales. The estimates and underfying assumpllons are vieWed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. 14-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from donations and legacies Unrostrlcted Reslri¢ted funds funds 2024 2024 Totsl Unrestrlcted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 170 170 123.951 726 726 105.868 123,951 105,868 170 123,951 124,121 728 105,868 106,594 Income from ¢haritablo actlvlllo• Unrestricted funds 2024 Unrestricted funds 2023 Educational activities School fees Club income Other income 1.320.991 34.764 12,805 1,149.416 30,751 12,330 1,368.560 1,192,497 Income from other tradlng activitias Unr•8trl¢t•d Unr••trlcl•d funds funds 2024 2023 Other income 2.454 1.434 Income from investmenls Unreslrlcted Unr•stricted funds funds 2024 2023 Interest receivable 12.929 5.122 15-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraising and publicity Advertising Other fundraising costs 12,795 1.388 9,613 2,813 14.183 12.426 16-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Exp•ndltur• on ¢haritabl• activiti•$ Educational School activities equipment 2024 2024 Total Educational School activities equipment 2023 2023 Total 2024 2023 D•rect costs Stsff costs Rales and water Insurance Light and heal Educational resources and expenditure Postage. telephone and slalionery Sundries Repairs and maintenance Travelling expenses Indirect employee expenses Bad debts Subscriptions IT costs Catholicity (Nativity I Easter) Club and Outings expenses Catering expenses 944,659 9.220 10.261 23.688 944.659 9.220 10.261 23.688 971,265 8.711 6,841 28,729 971,265 8,711 6.841 28,729 34.089 34,089 30,342 30,342 17,603 4,673 52,088 17.603 4.673 52,088 18,962 3,610 57,848 1,789 18,962 3,610 57,848 1,789 5,647 5,647 7.381 18,662) 9,823 17,659 7,381 (8,662) 9,823 17,659 22,036 17,665 22,036 17,665 1,815 1,815 14,741 85.315 14.741 85.315 10,019 76.342 10,019 76.342 1,241,685 1,241.685 1.242,474 1,242.474 Sharo of support and govomance costs (see note 9) Support 3.302 44,708 Governance 18,853 48,010 18,853 2,722 34.603 40,478 43,200 34,603 1.263.840 44,708 1,308,548 1,279,799 40,478 1.320,277 Analysis by fund Unreslricled funds Reslricled funds 1.139.889 123,951 44,708 1,184,597 123.951 1,173,931 105,868 40,478 1.214,409 105,868 1.263,840 44,708 1,308,548 1,279,799 40,478 1,320.277 17-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support Costs allocated to aclivities 2024 2023 Depreciation Bank tharges Govemance costs 44,708 3,302 18,853 40,476 2,722 34.605 66,863 77,803 Analys•d b•tween: Educational aclivilies School equipment 22,155 44,708 37.325 40,478 66,863 77,803 10 Nèt movement In funds 2024 2023 The nel movement in funds is stated after chargingl(crediling)'. Fees payable for the audit of the charity's financial statements Depreciation ol owned tangible fixed 8ssels 10,530 44,708 9,510 40,476 11 Governors None of Ihe governors (or any persons connected with them) ceiVed any remuneration or benefits from the chanly during the year. 12 Employees The average monthly number of employees during. the year was.. 2024 Numb•r 2023 Number Teaching Support 16 12 14 13 Total 28 27 Employment cost5 2024 2023 Wages and salaries Social security costs Other pension costs 743,910 66,695 134,054 805,271 54,642 111,352 944,659 971.265 18-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Employees (Continued) The number of employees whose annual remuneralion was more than £60,000 is as follows: 2024 Number 2023 Number £60.001 - £70,000 £80,001- £90,000 Remuneration of kay manag•m•nl personn•l The remuneration of key management personnel was as follows.. 2024 2023 Aggregale compensation 164,709 332,316 The trustees consider 3 (2023.. 5) members of staff lo be key managemenl personnel. The total employment benefits ol key management personnel were £164.70912023'. £332.3161. 13 Taxatlon The charity is exempt from taxation on ils activities because all its income is applied for charilable purposes. 14 Tanglbl• fixad assot8 L•a80hold Flxtur•s and Improv•ment• flttlnql omput•rs Motor v•hlcle¥ Total Cost Ai 1 September 2023 Additions 36,276 62,523 265,543 7,719 59,012 24,564 22,260 383,091 94,806 At 31 August 2024 98,799 273.262 83,576 22,260 477.897 Depreclatlon and Impalmient At 1 September 2023 Depreciation charged in the year 17,577 4,755 124.619 32,107 37,506 7,846 22.260 201.962 44,708 At 31 August 2024 22.332 156.726 45,352 22.260 246.670 Carrylng amount At 31 August 2024 76.467 116,536 38.224 231.227 At 31 August 2023 18,699 140,924 21,506 181,129 19-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Debtors 2024 2023 Amounts falling du• withln one year: Trade debtors Other debtors Prepayments and accrued income 237.548 7,712 23.821 268.062 5.361 15.470 269.081 288.893 2024 2023 Amounts f•lllng du• after more than on• year: Trade debtors 8.101 7,336 Total deblors 277.182 296,229 16 Credilors: amounts falling duo within ono year 2024 2023 Not•s Other taxation and social security Defer0 income Trade creditors Other creditors Accruals 14.162 433,011 67,860 116,393 126,539 17 431,549 60,040 69,220 14.392 575.201 757,965 17 Deferrod incom• 2024 2023 Arising from SGhool fees received in advance 431.549 433.011 Deferred income is included in the financial statements as follows.. 2024 2023 Deferred income is included within.. Current liabilities 431,549 433.011 Movement5 in the year.. -20-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 17 Deferrnd income {Continued) Deferred income at 1 September 2023 Released from pViouS periods Resources deferred in the year 433,011 1433,011) 431.549 390,917 {390,917) 433,011 Deferred income at 31 August 2024 431.549 433.011 21
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 18 Retlremenl benefit schemes The Charity's employees belong to principal pension schemes- the Teachers, Pension Scheme England and Wales {TPS) for academic and related staff.. and the TPT Pension Scheme {TPT) for non-teaching slaff. The pension charge for Ihe year includes conlributions payable lo the TPS of £109.394 {2023.. £98,187) and contributions payable to the TPT scheme of £23,42612023.' £13,101). Conlribulions amounting lo £nil12023'. £nill were payable to the schemes al 31 August 2024 and a included within creditors. Teachers. Pension Scheme The Teachers, Pension Scheme ITPSI is a slalulory, conlribulory, defined benefit scheme, governed by the Teachers. Pension Scheme Regulations 2014. Membership is automatsc for teachers in the Charity bul all teachers have the option to opt out of the TPS following enrolrnenl. The TPS is an unfunded scheme to which both the member and employer makes contributions, as a percentage of salary. These contributions are ¢dIted lo the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. Valuation of th• Teachers, P•nsion Schome The Governm8nl Actuary, using normal actuarial principles. conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions {Valuations and Employer Cost Capl Directions 2014 published by HM Treasury every 4 years. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The lalesl actuarial valuation ol the TPS was carried out as at 31 March 2016. The valuation report was published by the Department for Education on 5 March 2019. The key elements of the valuation and subsequent consultation are.. employer contribution rates set at 23.68% of pensionable pay (including a 0.08% employer administration levy> total scheme liabilities (pensions currently In payment and the estimated cost of future benefits) for service lo the effective date of £218,100 million, and notional assels{estimated future conlribulions) together with the notional investments held at the valuation date) 01 £196,100 million giving a notional past service deficit 01 £22,000 million the SCAPE rate. sel by HMT, is used to determine the notional inveslmenl return. The current SCAPE rate is 2.4¥0 above the rate of CPI. The assumed real rale of relurn is 2.4% in excess of prices and 2Yo in excess of eamings. The rate of real earnings growth is assumed lo be 2.2%. The assumed rK)minal rale of return including earnings growth is 4.45%. The next valualion result Is due to be implemented Irom 1 April 2024. A copy of the valuation report and supporting documentalion is on the Teachers. Pensions website. Under the definitions set out in FRS 102, the TPS is an unfunded multi.employer pension scheme. The Charity has accounted for its contributions to Ihe scheme as if it We a defined contribution scheme. The Charily has set out above the infomalion available on the scheme. -22-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19 Unrestricted funds The unreslricled funds of Ihe charity comprise the unexpended balances ol donalions and grants which are not subject lo specific condilions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Incoming r•sourceg Resources At 31 August expended 2024 S•plember 2023 General funds 724,353 1.384.113 (1,198,780) 909.686 Prnvious year: At1 September 2022 Incoming r•sourc•s R•sourco$ At 31 August expended 2023 General funds 751,409 1,199,779 11,226,8351 724,353 20 Flnancl•l commltm•nt8, guar•nt••• and ¢onllng•nt Ilabllltl•s During the year ended 31 August 2020 the school opened its kitchen lor meals. A contract was formed with Nourish Contracl Catering Limited lo supervise and manage the catering services. The term of this contract is six years from 1 Seplember 2019. If the school decides to terminate this contract befo this dale they will be liable lo reimburse Nourish Contract Catering Limited for any un-deprecialed inveslmenl remaining. As at 31 August 2024 the value of this liabilily is £1,083 (2023: £2,167), this value will depClate on a straight line basis in line with the term of the contract. 21 Op•ratlng l•ase commltmonts Lessee At the reporting end date the charity had oulslanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Wilhin one year 1,843 22 Events after Ihe reporting dale Laleham Lea School became VAT registered from November 2024 and therefore allowed to reclaim VAT on historical assels. This is anticipated to amount lo £22.052 of VAT reclaimable. 23 Related party transactions There were no disclosable related party transactions during the year. 23-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 24 Analysis of changès in net funds The charity had no material debt during the year. 25 Cash generated from operations 2024 2023 Surplusl(defiGil) for the year 185.333 (27,056) Adjustments for.. Investment income recognised in slalemenl of financial activities Depreciation and impairment of iangible fixed assets 112,929) 44,708 (5,1221 40,476 Movements in working capital.. Decreasellincrease) in debtors (Decreaseylinca$e in creditors IDecreasellincrea5e in deferred income 19,047 (181.302) 11,462) 133.297) 178,218 42,094 Cash ganerated from operations 53,395 195,313 -24-