Company rngislJ*iwi nufflb•r 06067557 (England and Wal•$l Ch•ity Ye#1ti numb•r 1118598 (England and Wales) LALEHAM LEA SCHOOL (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 111 'AF2HH2S2' 2010512026 ¢OMPANES HJJse A23
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LALEHAM LEA SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Ggvernors E ¢YDomhnaill Ftyan Fathèr P M L Sebasts•n Y Epale Dr M Howard c tysouza (Appoinled 26 November 20241 (Appointad 30 Januw 20251 G Vlhyle Senior rn#n•gemèht M Reece S Cookg)n C Edwards Hèadteaer Until Juty 2025 Oparat)ns managor Country •f I1•Ir10n Unit¢d ngdOffl IEnglaThJ and Walp5) 06067557 Chafty rnglstr¥tlon r*ThJ and Waltrs 1118$98 Regi$tered office. 29 Peaks Hll Purtey Su CR8 3JJ AudltOT Affinia {(kwngtonl Lynwotyj House Crofton Road Orpir BR6 8QE
LALEHAM LEA SCHOOL CONTENTS Page Gov8mors' report Statement of goverrKyTS' ftwnslbib"eS Ind8pendent audit&s report Stalernenl of ffinancial activths 10 Balawth sheet 11 statement of cash Ikyl 12 Notes to the financial stslemenls 13-25
LALEHAM LEA SCHOOL GOVERNORS, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2025 The govgmors. also the Trustees aThl direct$ ol the charity for the pur[e$ of th8 Companies Act 2006. present Iheir annual report firal statomts for the eThJed 31 hAU$l 2025. The financKg1 statements have been prepared in acc¥)anCe wth the aCCtiNj poli&s set OLrt In rte 1 to the financial ststèmants and comply thè eharivs goveming tlocument, the Cornpantes Ad 2006 and 'Accounting and Repoiting by Charili¢s'. Statsment of Re¢omIrded Prath"ce applicable to charities preparing their accounts in a¢¢ordance thè FinarKia ReFtiting Standard ¥ppkable in Ihe LK and RepuÈ4ic of Ifeland IFRS 1021° (effective 1 J8nuary 2019). Objedlves and actlvlt1¢5 The tharivs objects are to advance thè Cath religk)n by the c4Jn¢hJct of a cathol School or by any andllary or relwiw$ or oducalonal activit$ for lh• bwwfft of thè wbl The ¢harity wm$ to dther its obJxts¥es by focusry on the folkMiThJ key abffts.. 1. To •nsur• that all aspacts of schcd Irf• are permeated by CathJlK ethos of res and lov• for on8'S neighbour 2. To provide a dass e(bx8tn for tws and girts aged 3 10 11+ 3. To build each wpil's seW-confidenGg so that they are prepared lor tho 0(lunitieS and resp)nsIbileS of the secondary ujrriculum and servK• to the wider communty 4. To provide facilths for local educational. lamty ar cathrJ dytrJ-c• progrnmmes Public ben&fft The govemors have paid due regard to guid#nc i55ued by the Charity conlssIon,S general and supplementary gu¥Jan¢e on pubhc bgnsffit. Wg arg also mindful of the fequirements of Cathclic s"al Teaching en considgrin9 th? advanc¥m•nt of educatw)n, feea1n9. rn9 our aims and objecti'ves and planning our bjiure acliviti•s. Significant aclivibes and achievements agast obiectN•s Children Irom all bad(grourbts are wekomed into Ihe schcd and wpls benefit from our knnd. caring and div•r5e eommunty. Places arè offered I)n9 an info?1 assessment to ascertain the prospective pupils, pace of leaTniny lo en5uro that Ihey ¢an benefft frryn Ihe educalion wovKled. Pupil repcts are issued fvrfice a year an¢J Parartt Evenings ai¢ carrted out dUrK thtr year. Parent and CLass Teacher communications are actively encourag9d. In M8r¢h 2024. 11 Sch1 undeNenl 8n by the IndeFendent Sthools Inspectorate. thile Ihe maiority of standards were successful mèt. thè rèwt Idéntifi speofic areas for improvement. Througfrthrt the remaind¢r of the 20225 academic year. the took swift and proacbve measur&s to addr•ss th•sè points. implemenb.ng a ¢ompohenwe a¢hon Flan to ensure full ccrfnpliance. FolbJw"ng this per Of rigorous intemal review. Ihe Schojl prepared for a lorlnal monitoring Msit in Chxober 2025. We k>)k forward lo (xjnfirming the retum to full compliance in the De annual reporL as we rema c¢nfKM Ihat aN •jentird standards have been Ihorougbty addressed. The Sectior 48 Denominatial Inspection was carried wl Wb October 2019. The Inspector's condusion is that 'Laleham Lea Is an Dutstanding Catholic Schc¥)I' and 'RdvJious EdutiOn i% except*)naty well led with thg partnership b8tr4e8n t8ad•rs at all levds bw.ng hwNy ¢ffe(ai¥e'. The School also aolieved Ihe Oscar Rtynero Path"apator Level Award in July 2024 whi¢h re¢ognistrs and celebrates the srAl's lo Cathdic Swal Tèath"ng. The S¢hod is preparing for their next Catholic Schod Inspectic.
LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Our strong ¢0Mmlleftt to safgwdirwj remains p8rnrTh>Jni ènd our trainin9 of al stsff. Govemors and voluntsers is ongThng. During the year. th pupils gnjoysd curriculum lessons. indivKJual inslfumenlal lessons, LAMDA instructson and in- school club5. Our pupils enjoyed rnany edU1)nal 5115.. Year 6 viyted the Natural History Museum. Year 3 vi51ted Butser Farm. Yeaf 1 and Year 2 visited the Pdka Theatre. and Year 4 went to Battersea Palk Zoo. Our Yèar 6 group enjoyed a residentsal trip to PGL Maf¢hants Hil. which was exiended lo 5 day5 year. and our Year 5 enjoyed a hjll day of Aquasptxts. Somè of our Year 5 and 6 pupils attended the Swthwark Dio¢e5e Siart of Year K4ass at St George's Cathedral as well as the Oscar Romefo Mass later in the year ¥•theTe we were pre58ntsd with our Oscar Romero Award. The S¢h¢d trAÈbrated VE day wAth a whole school picnic. Our 5th001 benefiled from a Chri5trna5 Panlornw. Safer Intemel Day w(¥kshop5 and Bla( History Day wortshops and we also welc<)med 54 from Ihe FI brvjade and Karen's Pets and Ponies our youTrJer pupils. In the summèr. our pupils and parents enjoyed SFQrts Day hekl at Pudey Sports Club. Our varied lun¢hlime and aftef-S(tx dub aclivitie5 ifhcTeased and induded Verbal and NOverbal Re¥$oning, Lalin and Cla55ical Civili5alM)n. Tennis, Ordtra. Origami. gardening dub. STEM, Art & DesvJn. Acrelerated Maths. Chèss, CodiTrJ, N•lb#ll. fins Tat4È5 Club aThJ Le90 Club vre to offering. LAMDA exams wont ahead and exrKll¢nt resu were acfueved- 31 dislinctkon5 and 1 ThwiL All pupils at Laleham L•a a ¢ooked lurth aThJ a snack eath day Provided by our onsrt• caterin9 team. Thi51s included wthin our schtrjl leès. Our NatNity plays and Carc4 Conc¥rt try)k 0£¢ in lh¢ aulumn temi. Th¢ Eastsr Ccrtwt and our Yw 5 and Yèar 6 produelion ol'Pirates of the Cury Bean. thè musical. held kier in the year. wère p8rfom)ed livè lor th• parents. This was followed by Ouf annual Priz&GMng wern)Y celebfatin9 the successes of tyjr pupils. An infant m¢Jsic concert was also hekl for parents lo attend. W• eompeted with olher ktal Catholic Sch Ai a V•Je range of events indLvJirKJ sciènce and malhs quizzes. ¢fOSS thjnlry, swmming gala, RE day. infant arwj jwmor sptyts day. netball and footban trwmaments. Th8 sthool finished Ihe 2025 acadwf4C y1 wilh 129 on rrAI. whh was a docrna5è from thg previous y 12024.1471. Dufing the course of the Year Ihe Acting Headtecher vrds appointed Headteather in March 2025. and the Acbn9 Dtrputy Headieacher was apwnted as Dewty H•adteacher in May 2025. Th• school alw emplvyed a part tim• SENCO. Due to the departufe of Jr SCI BUsYS Managèr. the schcd recruited and appomted a new Finance oiricer 8nd an OperatM)ns fvlanager. Lal•ham Lea ScKd operates for 171 days a year. The school is open Irom 8.20am to 3.2Spm. In ¥dditM to th• ordinary school day, we operate an Earfy Birds provioft stsrb.ng at 7.30am and a L8t* Leavw5 provision. whl¢h remains opèn until 5.30sNm. Bolh sK0visi$ are well attended.
LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 LahaM Lea su¢cesslully retained our Ers)015 Green Flag AGrye(l1lai. wilh "ncl1On. through the hard work and dedi¢i¢J) of our 5¢h(¥Jl la)yunty le(1 by our Eco Cwnctl. As part of thi5 prw¥ss ts s¢hool took part in Earth Day arbj Eco Day. wherè all pupi& and Stsff ww• inled to dress up in tolours. The Laleham Lea Parenl Teather Assoc4atiM w¢ees5fully vJnb"n(J during Ihe 8cademk ye¥. PTA evwts IndudirKJ uniforn salos. l¢e fxoarn sale. ft1& raghts. dbSQ)s and a ¥8ry w¢teSsl ChrisInS otMI summerfalr. We are an •qual ¢¥portunity L¥ganisats"on with a %lIkIng •nvifonment frte from dimInatiOn of all kinds and a Ilingne to make reasonatA8 adiuslm8nts to wothng piaettces to mo8t tho n88ds of our staff. Charltsbl• actlvlti•s Caring lor those le55 fortsjnate than OUTselves is a reInIng then in the lrfe of the sthool. Harvest food donations were flonated to St Vincent's Cenlre - Brixton Fr)od Hub. Other thri¢ies thal have been supported include the Children in Need lover £2(XII. OFra¢ion Christma5 Chikj". Shoe 8ox appeal Inearfy 1¢)0 trK)xesl. Catholi¢ Chiklren's Society lover £620) and WaterAid1£7001. The s¢h succe55fv1y raised £1.820 for CAFOD over the course of the year through the Lent Walk and PihJrims of HI) iniithves. Our Mini Vinnies group conb.nue to thi1 woinoting Scri Just Issues arnl INing faith thrwh acllon as part of St Vincent de Paul Socwty. Ets have Ind dI4 sir#Jir4J at hxal Ca hLThes. Once again, it has been Fwibk to tsffor SO limited tsxsary w0viS¥ Ihrougl)ut the course of the year. Financlal r•view Tlw financlal Statefits cover Ihe academlc year 2024r2025 from 1st Saptember 2024 10 31slALWSt 202$. Finanaalposition This year the S¢hool clded 8 $p1 of £33.11O12024 . £185.3331. Urffestridgd rèseThes as plann¢d stoThJ at £942.796 w¥J been retsi1 lor fuhwe use as desoibed beltyw. All in¢crt ana tsx exempl] saing¥buslno rè redudions a apphod fty th chaTilabl$ puwo$o5 of the company and indir•dy help to supwt sl•t¢ sch¢ cg)rrThinity links. Resems polKy Th8 Schoc4 Garries minimal free R¢séNes rylh day4Trday opwatKKwI o)5ts throLryh w(wkiryJ caprtal wthout ro¢ourse to borrowrt98. It is Iho Intenti to retain modest reseN¢s fft Ihe rmdtrr of thm to six of coerats"n9 c¢sts to provido for contingencias. fal ems. th• Sta# and finandal se¢urity of SdKJ. its Commitments 8nd undertakings. 8udgebng Poli¢y Thè S¢hoc4 Businèss Manag¢r has wepared a W lor Ihe y•ar wth.ng 31 AW 2026 and maintsin$ a calu1 regular ¢he¢k over the fMwn¢wl sAtu"¢)n of the ¢cffiwy. rrb)nitty¢d by Govemors. .The Pay Comnthe. ¢>)mprisin9 of fwr GovemNs. meets 18 lo rTThitor slaff salaries and rTth annual inveases. 88nlrAcGount The Charivs fvnd$ are kept ¢urrent and dewsht aCcnts in order lo maxwnise r•tums and to safeguard deposits. even the deF4)Sit aCCnI rates are wesenty very iu.
LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Plans lor future period$ The School maintains a robust strategic devetownenl plan. overseen and feviewed by our Govemors. Ceniral to our fvture is a commitment to environmental stewardship. a¢adern exceltence aThJ ts continuous enhancement of r1•aMg environment. To sustain our standards of academic excellence, we will lIne to invest in addib.onal staffing to ensu a ¢urrtculum of exceptional breadth and depth. The Headteachèr and Govemors rigorously evaluate Our educational off¢firKJ from EYFS ihrough lo Year 6, prioritising well-rounded t18veWment and increasing access to specialisl leaching at ery Iypcffiunrty. Wè afe commitied lo prOdIn9 a wth of extra ¢)ppJrtunttiès. from off-site •xpèrIenS to high4'mpact ennthment dubs. Ihal eMpr pUlS to take iisks, bvild confidence. and discover hrdden talents. Central to our developrrnl is the wellbeir¥J of cJr school commufmty. We are expandiwJ our focJJs on pasloral re and parental engagement. fostering a collaborative partnership that nurtUS a truly indusive atmosphere where every child feels a sense of belwjing Slructur•, governa Wnd rnanaTrt Lal¢ham Lea School is a company limrted by guarantee gwemed by its Memorandum and Ajticles of Assoaation dated 25 January 2007. Th& remained donrwit until 1st April 2009 when it commenced trading. The school has no share capital and is Ikmrted by guarnntee. 11 is rngistw•d as a charity wrfh thè Chaiity Commission. All GovernS give their ffle freely in a ¥Oltary caparjty. The goverrrfjrs. who are also the directors for the purpose of CL¥npany law, aThJ Trt serv&J thring Ihe year arKI up to ihe dale of signature of the finarKial Slatents were.. E O'DcMnhnaill M Ryan Fathèr P M L Sebastian Y Epaltr N Frankopan Dr M Howwd C D'souza GW (Resgled 11 D•cenw 2025) (Apwnted 26 Novembèr 2024) {Appted 30 janu 2025) Recfuitmenl and appotntment of tnjstees Thè lull Govaming Board meets in full at lèast 8 im)es a par. Currnnty am govemancè dedsi$ arè rnlèrred lo the lull Board meetir¥Js. The 8oar¢ seeks to recroit GOnr$ frtsn within Ihe local community who have an interest in déveloping thè Calhdic charnctef ol th• schod. and supr•)rting the educational needs of thè chihlrgn at Lal8ham Lea. Indsjcllon and orrfjoing tra1rj is provided by the SCI1. the DK)c8se and the Local Authwty. None ofthtr govèmots has arry neficial interest in th• cryny. All of tr govèmots are mernbers of the Company and guarantee to conlribute £1 in Ihe event of ¥ WNKlin9 UP. Audltor In ac¢ofdan¢e with the eompatys arl]"d¢s. a r¢solulKffi Wol>Ing thal Affinia l(kn'rigionl be reappolnled as auditor of th8 company will be wt at a General bAeelry. Risk management The Govemors have a duty lo Kjentify revw the risks to the charity is exrthed and to ensure appropnate controls are in place to woyKle reasonable assurance against frwd and effty. Thhs r¥rxyt ha$ been prepared In a¢¢cKdan wilh th& 5p8oal Of Part 15 of Ihe Companie5 Act 2006 relating to small 0)mpon.
LALEHAM LEA SCHOOL GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 The yovemors, rewt was apbyoved by th• Boafd of Go¥errm. Y Epale Chalr of Governors Date..
LALEHAM LEA SCHOOL STATEMENT OF GOVERNORS. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The govemors, v ar• also the directors of Laleham Lea Sclu4 lor Ihe wrpose of company kw, are responsible for prepafing the G¢)vemors' Report and the finanoal ststements in aCCoance with applrable law Unrted Kin9domAccounlin9 Standards (Uniled Kin9dorn Generally Accepled Accounting Pfactice}. CoMpY law requires th8 90verno to prepare finCIal slatemenls for eath finaftck year t•thich give a tru• and fair wew of thè state of affaits of the charity and of the incomirrtj $oUe$ and app11)n of resources, including Incomè aThJ expeThJiture. of Ihe charitable cY &Jr ihat year. In Preparing these ffinancial ststèmènls. Ihè 9o¥emor5 are roquired to". - seled suitsble accounkn.ng polKies and then appty thwn conststertty: - observe th8 mèth¢>Js and pnnuplts in the Charitiès SORP: - makè judgemènts and estirnates that are reasonablè and pnent. statè wholher applicable UK Acc(¥Jnttng Standards have been lolkr•Rd. subpct to any material departures disclose¢J and explained in the finanaal ststements., and - prepare the financial statements on lh• wng conc8m basis lesS 1¢ is irbappropriate to presume that the charily 11 continue in opefation. The givemors are responsible for keepirrfJ adequale accounting records that dthe reasonable accuracy al any bme the finanaal positson of the clrity and enable Ihem lo ensu that the finanaal slalements comply ¥wth the Companies Act 2006. They are also OnSIble fcrf safeguarding thè assets of the charity and hence for taking reasonable steps for the preventi and deteclion of fra1 and other wregularil*s.
LALEHAM LEA SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF LALEHAM LEA SCHOOL Opinion We have audited the finantyal statements of Laleham Lea Sd¥J)l {the '¢haiity'l for the year ended 31 August 2025 which Mplise the ststement of financial activilies. the balance sheet. the statemènt of cash fflows and notes to the finala1 slatements. induding significant a)Unti polioes. The financial reporting framework that has been applied in their preparation is appIe law arKI Uniied Kiwjom Aecountin9 Standafds. Induding Financial Rtports"n9 Standard 102 The Finanual Repo Stafthrd apph'cable in the UK and Reptsblic of Ilart6 (United Kingdom Generally Attepled AcKnunts"ryJ Piaclicel. In our opinion. Ihe financial slat&m8nts-. gwe a tnje an¢J fair wew of the 5tste of charilable affairs as al 31 August 2025 and of it5 incorning resources and applicati¢Jn of resources. for the year then ended.. havè been prDperly pr•partd in acc(Ydort• wth Unrted Kingdll G•neralty Accepted Acuuntiny Pr8Ctice" 8n¢J have beèn prepared in a¢crydpwKe with the reqre[rts of the CINnpanies Act 2006. Basis for oplnh>n We conducted our audit in accordance wAth Intemalional Standards ¢)n AudttsrKJ IUKI IISAS IUK}l and applicable law. Our responsibilities under those stalarS are further described in the AuditoPs SPOnSibl11[1eS for the 8utht of Ihe financial stalemgnts section of our report. We a independent of the charity in a¢cordaThce with the ethical requirernents that are felevant to our audit of the finanaal statemenls in the UK induding the FRC s Ethical Standard, and we have fvffilled OUT olhw tithi responsibditses in accordance with these requirwnent5. We betieve that the AKlit ev¢ we have dMain bs suffiaent and approprth to provide a ba$is for our owion. Conclusions r•lating to goin9 eonc•m In auditing the financial statements. we have ConcfvJ tha¢ the goverTry5' vse of the goiTh3 concem basis of accounting in the preparation of Ihe fin¢141 statements 15 appropriale. Based on th¥ work ha perftynd. have not idenlified arhy matsrial unc•rtainties relating to events or condilions that. individually cff cowtivtty, rnay cast Si9nifi¢ant d¢)ubt on the tharity's ability to continue 85 a going concern for a period of at leas1 twelv¢ months from vhen the finanual stalements a auihorised for issue. Our $[sibilItIeS and lh fasponsibilibes of lh¢ govèmors with rtrs to going concem are d¥s¢ribed in thg vant sethons of Ihis ro)rt. Othér Inforniatlon The other infofmalion cornpri5es Ihe informatKJn induded in the annual reFK)rt other ¢h4n the financial slatements and our auditorfs report thereon. goverrKJrs are resW5ibl¢ for Ihe other infcKmation contained within the annual reporL Our opinion on the finanual statemenls doe5 nol cover the olher informatJ"¢n and we do not e¥pre58 any form of assUrar CCU5}OD there. Our responsibility is to read the olher infornation and, in doing so, consider whelhef the other information 15 materially inconsistent th the finawal statemeThts or our knowledge obtained in the Course of the audit. or othewse appears lo be materialty missla¢ed. If we hlentify such malerial InconstenC1eS or apparent Thter1 rni55tatements. we are required lo delermine vthelher this gives rise to a material misstaternent in Ihe financial ststements themselves. If. based on the work we have performed. we ndude that there is a malerial mi5slalement of this other information. we are required lo pOrt that lact. We have rthIng to rap( in this regard. Mattèrs on which we art rtquil to r•ptsrt by èxeeptlon We have noihing to report in fespect of the l¢)lowing matters in relai1 to vthith the Charitss {A¢counts and Reports) R$gulab"ons 2008 requires us to Pryt to you rf. our opinK)n'. Ihe information 9Nen in the finanoal statements is incOlstent any material Spe¢l wlth thè govemors. repjrt," or sufficient accountin9 records have not t*en kept: or the financhal statements are not in agreent with Ihe aco)untrng records: or we have not receNed all the intomwtKJn and e¥planations we Quire for our aud
LALEHAM LEA SCHOOL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF LALEHAM LEA SCHOOL R•$ponslblllti¢s of go¥•mors As explained more fully in the slate1 of governors. resF4JnsibIlbl. governNs. who are also the directors of the charity lor the wrpose ol t(panY law. are resFS1b1e for the preparalion of the financial ststements and for being satisfied that they give a true aThJ far view. and for such whternal coniroi as the goverrK)rs delermine is necessary lo enae the preparatK&n of financial slatements Ihat are free Irom malerial misststement, whether due to fraud or error. In preparing the financial stalements. ihe governors a responsib for assessin9 thè chafivs ability lo conlnue as a going nCern, discJosin9, as applicable. matters related to concern and using the going concern basis ot a(%ountiry unkss the go¥eThr5 eilher irblgnd to liquidate Ihe ¢hafitablt company or to cease operations, or have no re151K altematb¥e but to do so. Auditovs responsibilities tor the audil of th• financial slalemeTrts We have been appnted as audilor undèr sadton 144 of the Ch¥eS A¢t 2011 arKI report in accordance 1h the Act an¢J relovant rUlationS made haviry effect thw8under. Our objeclives afe to oblain reasonable assurance abcArt ether the financial statements as a whole are free from material misstafement. whelh?r due lo fraj or errcy. and to SUe an auttitorfs report that indleS our opinion. Reasonable assurance is a hJh levd ol assuran bul 15 not a gu?rantee that an aj11 conducted in accordance with ISAS (UK) will always detect a material misstaterrent wthen rt exis(s. Misstatements Can arise from fraud or ¢rror and are Considered material rf. indivKlually or in the aggie9ate. they could re350nably bp expeded to influence tha economic deosv)ns ol usws takèn the basi5 ofthese financd slatements. B8caus• ol Ihe inherent limilations of an audtt. there is a risk that we will not dètèct all irregulariti•s. includin9 those leading to a material misstatement in the finantial siatements or non-coMlance with regulalion. This risk inereases the rnore thal cornplia %%ilh a law or regulation is moVed frtyn Ihe evenis and transactions reflected in the financial sialemenis. as we will be less likely to become awwe of in51ances of r<0mPlIanCe. The extsnt to whi¢h trJr procdurts are rapable of detecting regul¢s. indudir¥J fraud, 1$ detailed bdow. . Enquiry of managomerbt 8ThJ Ilvjse charged ryth tywemarKt around tUal and potential liligatn aTrJ daims. Enquiry of managemènt to identfy any Instanw ol rKPI1an rylh laws and r•gulatlons. Rèvièwsng minutes of meetings of thosè dmrgèd 7Mth govemancè. Reviewin9 financial statement di5¢195Urts and testing to supwtiry dcrtumenlauon to assess compliance with applicable laws and regulations. Allting Ihe risk ol management oTrth¥Je of contfols. includtng thrwjh lestin9 ioumal enlrles and other adiustments for appmpriateness. and •valualMig the Ixtsiness rationale of sKJnrfnl transactions the normal eourse ol business. A hjrther des¢rbplton of sPs0111s is Jv•il*e on the Finartial Repytitig Counol's websit$ at.. htWs'.11 Www.frc.tyg.uklau¢Jitorsr&sponbi1btie$. Thi5 desGripb"M frn part ofour atKJitorfs report
LALEHAM LEA SCHOOL INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE GOVERNORS OF LALEHAM LEA SCHOOL Us• ol our report This report Is made scA¢ly to the charity's truslees. a5 a bgjy. in accordance th Part 4 of the Charities IAccounts and Reports) RegulaOons 2008. Our audil work has been undetsken so that w• mwht state to thè charity's tnJste•s those matters we a required to state to Ihtm in an auditor's r•p)rt ard for no other purpose. To the fvllest extent pem)itted by law, we do not accept Of assume spOnSIbl1rtY to anyone other Ihan the char'ty and the charity's trustees as a t)dy, for our audit rf lor Ihs p)rt. or for the opinicS we have fomed. Louls? Hallsworth FCA (Senior Statutory Auditor) For and on behalf of Affinia {OrpirrfJtonl. StatutoryAudrtor Chartgfed Accountants Lynwood House CroftoTh Roaij Orpingion BR6 8aE Dale.. .1g.Mo¥2oa6.... Affinia (Orymngtonl is thgible lor akpJintmÈni xs auditor of the ehaiity by virtue of rts elolbilty for ¥ppoinlment as auditor of a company under secl#in 1212 ofth¢ Companies Act 2006.
LALEHAM LEA SCHOOL STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unw•strlcl•d Restrl¢ted funds 2025 Tolal Unr¢Strk¢ Restrlct lunds fund5 2024 2024 2025 2025 2024 Income from: Donation$ and 1é9aoe$ Charitable activities Olher trading aetiwll•s Inveslmenis $50 1.265.885 237 12.394 98.126 98.676 1.265.885 237 12.394 170 1.368,560 2,454 12.929 123,951 124.121 1.368,560 2.454 12.929 Total income 1.279,066 98.126 1,377,192 1.384.113 123,951 1.508.064 Expenditure on: Raising funds 14.183 14,183 Educational adivities School equipment 1.194.804 98.126 1.292.730 43,444 1.139.889 44.708 123.951 1.263.840 44.708 Totsl Charitable expenditure 1238,048 98.126 1.336.174 1,184.597 123,951 1,308.548 Total •xp•ndltur• 1.245.956 98.126 1.344,082 1.198.780 123,951 1,322.731 Net incom• and mo¥•m•nt in 33.110 33.110 185.333 185.333 R•eonciliation ot funds: Fund bala¥$ #t 1 Spt¢mb 2024 724,353 724.353 Fund balonc¢s at 31 August 2025 942,796 942.796 9.686 909,686 The stalèrnent of finanoal a¢tiMIBs in(Jdes 1 gains los rec09rSed year. All inwme and expen(lilure derivè from continuing activibès. 10-
LALEHAM LEA SCHOOL BALANCE SHEET AS AT31 AUGUST 2025 2025 2024 Mot•s Flxed a$ts Tangible assets 14 198,710 231.227 current a$$¢ts Debtors Cash at bank and in hand 15 3SO.444 997.188 277,182 976,478 1.347.632 . 1.253.860 Creditor&: amounts falling due v•ithin 4)ne year 16 (603.546) (575.2011 N•t CUff•nt a$sgts 744.086 678.459 Total ass•ts l•$$ ¢urrent liabiliii¢s 942.796 909,686 Th• funds ol the charlty Unrestrictèd frjnds 942,796 909.686 942. 909.686 Thè cofflpany is entit to the exeinptiryi from the wdit requwement conlatned in $eclion 477 of thg Conyanies Act 2006, for the year ended 31 August 2025. The directors ackwAedge their resp)nsibilities for o)mFtyiry Mth the requirements Compans Acl 26 wlth Spect to acts)unting records and the preparation of finafKial statements. Thè members have not required the company to otthin an audbt of its financial statements und•r Ihe rqMentS of the coMpansACt 2, forthe year in queslion acc4Jrdance wnth se(kn 476. Th9se financial stalements have been wepar•d in aCC(md¢O th• applble to wnpanies subi8Ct to the small companies regime. The financial statements wère wffjved by Ihè gover5 On ... .. ...... . . . Y Epale Chair of Govern<ws 11
LALEHAM LEA SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2024 Cash flov•s from operating activittes 41.843 53.395 Investin9 J¢tivitie$ Pur¢hosè of tsngiblg fixed assets Investment irrne received (33.5271 12.394 I94.) 12.929 Net cash us•d In Inv•stlng •Ctlviti {21,1331 181.8771 Net cash generated from find1Th9 Xtsvitses Nel IncreaselldKrthise) kn cash and $h •gulvalents 20.710 128.4821 Cash WKI equivalents at ba9niing of year 976.478 1,CKJ4.960 Cash •nd cash equlv•lents ai •nd of yr 997.188 976.478 12-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ounllng policies Charity inforThtion Laleham Lea S¢hod is a wvats company limited by guaranlee Inco)rated in England and Wales. The gislered ¢)ff¢¢ 29 Peaks Hill. Purt¢y. Surr¢y. CR8 3JJ. 1.1 Basls of pr¢paratl¢n The finan¢ral Statements have ten Prepa1 in acconkn the dntyS Merntyandum and tideS of Asso¢iats"on. Ihe Companies Act 2006. FRS 102 Yhe Financial Repyting StaThJard applicable in ihe UK and R¢publi¢ of Irelaftd. I-FRS 102.1 and the Charibes SORP "Accwnting and Reporting by Charities.. Slalement of Recommended Practice aPIcable to charities preparing their acc¥)unts in accordance vthh Ihe Financial Repth"ng Standard apICable in Ihe UK and RebI of Ireland (FRS 1021" leffeciwe 1 January 20191. The cliarity is a Public Benefit Enw as defird by FRS 102. The financial slatemerts are prepa in stwliTrJ. whth 15 thè functi¢ TTenCY of ts ¢harity. Monètsry amounts in these financial statements are nyjnded to the nearest £. 1.2 Golng concern At the time of approving th• firwwl Slat•m•. the governm he a rea5(me eXIatIon that the charity has adèquatè resc4jrs to cMb"nue in operntional existence for the fcweseeable fulure. Thus the 90Mor5 continue to adopt thè wn9 concèm tS of ntIng in prepariThJ the financial statements. 13 Charilable fvnds Unrestricted funds are availatAe for use al the discreb of the 9Jvemors irh fvrtherance of their charftatAe objectives. 1A Income income T8gned in the Statement of Finanraal A¢tivilie5 once the chanty has entillement to the fijnds. it is probats that thè income Mll be received and the amryJnl (an be measured reliably. Th$ value ol ser¥ices provmled by t401unteers is not irKlYFw into these finwcial statements. Where serVS are provided to the charity as a donalitin that w¢Juid normalty be purchased Irom our suppllers. this contribution is induded in Ihe finatal stalerrents al an estimate based on ihe value of ihe eIn.trOn to the charity. School fees Pro• the most svjnfficant irOrne for the school and a recognised Wre there is an ¢ntiYement. c¢rtainty of re¢elpt and the annt Can be rneasUd sufficient retsabty. AJI other income induding donations and investment income 15 wovided for at ihe pint al whlch it Is received as St is unprediclabie and not material. 1.5 ExpendltUf• Lthililies are recognised as expendthre as 500n as ihwe is a l•yl or 11ctive obkngation committing the charity to thal expenditure, it is probable that a transfer of etr)nomi¢ beneffts win be Tequired in setllement and the amount of the OtrANJati can be measured reliably. Expenditure is accounted for on an acuuals basis and has baen dassifie¢J under h¢a<lings that aggie9ale all cost related to the category. Where costs cannot bo diredy attributed to parti¢ular h&adings they havfy beon allwlgd to adiviti¢$ on a tAsis ¢onsistont with thè Use of resources. 13-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 A¢Muntin9 pollcles (Contlnuedl ¢h•iitabl• a¢tivltles Charitable trxpenditure COMlSeS Ihxe CA)sts incurred by the tharity in the delivery of educational programmes. It includes both costs Ihat can be althated dir¢cty to ath"vrtTrgs and those cosis of an indire¢t natu necessary to SUPFM them. The trustees havo id8nb"fi•d d)aritabla athiiies. Governan¢e Gosts Support costs now include governance costs lch are costs assocaated wilh rneetin9 the constitutnal and statutory requirements of the dty and indude aJIt fees, accountancy foes.18gal and profe55wJnal fees and bank charges. All0¢10Th and apportlonment of e¢>sts Any costs which are rKJt deomed as a direct cosl ara alkxat8d as support Costs include govemanca costs which are Ihose costs assoaated Wih m88ting th• constitutional and statutory requirements of th• charity and include Ihe independent examinal¢on fees and cosls linked to thè strategic management of the charty. Al deprecialmjn costs are deemed to be supm costs of the prowsion of school equipment. Asl other support costs are deemed lo be those that wjpport the prows of educalK)nal activibe5. 1.6 TangIb fixed assets Tangiblè fixed assets are InalY mgasurnd at cost and subwuenty mèasured at c)st or valuation. ngt of dgpr8eiation and any impaimwnt ktss8S. Depwation i8 rècognis•d so as to off Ihe ¢>)st or valuab'on of a55ets kss their rèsldual valuès over thèir Uselvl lives on Ihe follow.ng tJa$8S'. Leasehold improvements Fixtures and fith.ngs Compute Motw vehides 10% straighl line 10% stralght IIT 20% straight line 33.3% stwht line The gain or loss arisng on the disposd of an asset is determined as the diffwence beeen the sale pyoceeds and Ihe ¢arryry Vam of Ihe asseL and is recognised in the statement ol finala1 ¥ts"vibes. The charity Was granted a 50 year lease at a PeFpprGom rwt and took over the ¢xtsting building with its assets which wgr¢ wrthased lor the nominal sum of £1. The charitys polw * to ¢awtslise tsngible fixed a55ets wthich ¢))sl over £1.250 per irKJividual asset. 1.7 Impalrment of fix•d ass•ts At each reporting end date. the charity Tewews the carywng amounts of lis tangible assets to deternne whether there is any indication thal Ihose assels have sUlfed an impaimient loss. If any such indication $t$. the r¢¢OVerab amount of the asset is eslimated Mi to d¢tgnnin tr extent of tho imp•in)&nt loss lif anyl. 1.8 Cash and eash equlvalents Cash and cash equivalents indude cash in hand. depo%ts hehj at cam with banks, other short-tern liquid invè$tmènts 7Mth orMJinal MabJri'es of three rmnths or Is. arwj bank overdrnfts. Bank mrdrafts ar• shown tthin trNmV4ings in current liabilitw. 14-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollclos IContlny•d) 1.9 Flnanclal Instrurn•nts The ¢hadty has elected to apply the prlwistons ol Section 11 'Basc Financial Insiruments, and Sectton 12 'Other Ftnan¢ial Instwments Issues. of FRS 102 to all of its financial instruments. Flnanual instrumènts are iecognisèd in the charlS balan sheet when the carity becomes party.to the contractual pwvisions ol the inslrument. Finanrial a$ts and li8biliti"¢s offset. v&ith Ihe net anw)unts presented in the financial stat8m8nls. when thère is a legally enfort•ablè rYJhi to s•t off thè reeognised amunts and there is an intention to setue on a net basis or to re1 trR asset and settbB Ihe liatrf.lrty wmultan9juy. 8asi¢ linan¢ial assets Basic financial assets, debtrKs and cash arm1 bank balances. 8re initially m&asured at transaction price including transaction costs and are subwuenlly camed at amorti$ed Gost u$iThJ Ihe effe¢tivo interest melhod vnle55 Ihe arrangement constitutes a financing transath"ort, whèrè thè transath.ofi is measured at the present value of Ihe future receipts discounted at a market rate of intest. Finanoal assets dassifd as receivable in one year are amorliseil. Basic financial liathlities Basic financial liabilities, incfuth.ng credttors and bank loans are inthlly recognised at Iransaclion price unless the atyangement constitutes a finarIng trartsacts". where Ihe debt in5twment 15 measure(l at Ihe present value of the fvture pay7)ts discwnted at a market rattr of irtterest. FinarThl 1obilitie$ d8ssrfd as payable within one year are not arn0.$ed. Trade credilors are oblwJatti)ns to pay lor or servtts that have b••n acquired in th• ordinary 01 operations from SuplerS. Amounts payable are dassthed as current liatM"lities il payment is dLte within one year or less. If nol. they ale presented as rwrrent liabil"&s. Trade creditors are reco9nis8d initrally at transaction price and subsequenuy measured al amortised cost using thg elIeth" interest m¢lhtsd. 1.10 Employee benefits Thg ¢ost of any unusèd holmlay entsInrt ts in the pwi(#J in which the employee's services are rtc•iv8d. remination b$nefits are feCL¥JniS immediatety as an expertse wknen the charity is d&nN)nslrably commthd to terminat¢ the employm•nt of an èmployee or to provide temiination benefits. 1.11 R*tlTement beneffts Paymènts to d•fin•d conlriblrtn rets"rem•rtt benefft sclwnes are drged as an expense as they lall due. Retirement benefits lo employees we pro by Ihe Teache, pe10Th Schem& fTPS'I dèfined ben&frt xheme. The assets and the liabrfitses are held sepafatety from thos8 of the ¢hanty. Cr51kal accounling estimates and Judgements In the applicalKsn of the chanV$ amnts.ng polic. the govemors afe required to make judgements. esfjmat8s and assumpth.ons about ¢arryiny amount of assets and bla1rt that are not readity apparent from other source5. The e5bmale5 and assoriated aUMpti$ are based on historical eXPerce and other factW5 Ihat are considered to be relevant. Actual rèsutis may differ from these estimate5. The estimates and undertwn9 assumplions a reviewed on an ong¢ing basis. Revish)ns to a¢¢ovnling ests"matès are CeNdnI$ed in the pellod in whth thè estimatè ts rèvisad where th• revIsn affects only that peri(xY. or in Ihe pwirmj of the revision aThJ hjture peri¢x15 wthere the revi5iws affec15 current and fvtu periods. 15-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 1thrn• from donalions and legacies Total ilnrestricted Restricted fvnd funds 2024 2024 Total fvnd$ 2025 fund$ 2025 2025 2024 Donations and gifts Grants 550 170 170 123,951 98.126 98.126 123.951 98.126 98.676 170 123.951 124.121 Incom• frorn charliabh acllvhles Unr•striet•d funds 2025 Unrnstrl¢t•d nds 2024 Edu¢atk•nal activlties School fe95 Club income otMf kn¢omt 1,209,413 34.106 22.366 1.320,991 34.764 1Z.605 1.28S.885 1.368,560 IDcom• from oth•r tr•din9 acllvlti•s Unrestrictgd Vnr•strict•d funds funds 2025 2024 Other income 237 2,454 Income from Investm•nts Unr¢$tricted Unrnstr5eted funds nds 202S 2024 Interest receivable 12.394 12,929 16-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Expenditure •)n raising funds Unr*stri¢tsd Unrestrlcted funds funds 2025 2024 Fundraislng and publicity knertising Other fundraisin9 wsts 7.908 12.795 1.388 7,908 14,183 17-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Expendityr• on ¢haritabl• a¢tNiii•s EdutIonal School aetl¥ities equipment 2025 2025 Total Edueatlonal Sehool aetmtles equlpmerrt 2024 2024 Total 2025 2024 Direct cost$ Staff costs Rates arHI water Insurance Light and twt Educational resosjrces and expenditure Postage, telephsyw and stationery Svndries RepaikB and maintenance Indirèct èmpwe expenses Subscriptions IT costs A9en¢y staff ¢osts Club and Outings expensès Catering expenses 946.705 10.991 9.941 16.343 946,705 10.991 9.941 16.343 868,805 9.220 10,261 23,688 868,805 9,220 10,261 23.688 25,291 25.291 34,089 34,069 12.470 4.686 59,572 12.470 4.686 59.572 17.603 4,673 52.088 17.603 4.673 52,088 9.733 18.663 9.424 2S.420 9.733 18.663 9.424 2S,420 5.647 22,036 17,665 7S,854 S.847 22,036 17.665 75,854 20.852 80.945 20.852 80.945 14.741 85,315 14.741 85,315 1251.036 1.251.036 1,241,68S 1.241.685 Share of support and gov•rn eosts (set n¢>tè 91 Support 2.485 43.444 39.209 45,929 39.209 44.708 48,010 18,853 18.853 1.292.730 43.444 1,336,174 1.263.840 44.708 1.308.548 Analysls by fund un¢td funds Re5trth0 lunds 1.194,604 98.126 43.444 1.238,046 98.126 1.139.889 123.951 44.708 1.184.597 123.951 1.292.730 43.444 1.336.174 1,263.840 44,708 1,308,548 18-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support COs1S allo¢•t•d to actlvltles 2025 2024 O•prèdatron Bank charges VAT reclaimad on assets [pregiStrationI Govgfnan¢e costs 49.678 2,48S 16,234 39209 44.708 3.302 18,853 85,138 66,863 Anale between: Educational adiw"ts S¢hoc4 equipment 41.694 43,444 22.155 44,708 85,138 66.863 10 Nel mov•ment in fun¢ts 2025 2D24 The ngt movem1 ffi funds is stated after C1w(edryj.' Fees payable to th# ¢harty$ auditw. - for th$ audtt of the Charis finanrial statemenis - for other financial servi¢xs Dépwation of owned taThJiNe fixed assets 6.750 2.200 49,678 6.200 2.075 44.708 None of Ihe governors lar ony peF50ns c4mrled ith th8m} recewed any refflurati0n ty benefts the chaiity durirffj the year. 12 EMployS The avernge mOntrY number of emptyes durirwJ Ihe yearw4$: 2025 Numb•r 2024 Number Teaching Support 16 14 16 12 Total 30 28 19-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 12 Employees IContlnu•d) Employment CQ5ts 2025 2024 Wws and salaries Soaal securily costs Other pension $1$ 721.897 59,571 16S,237 668,056 66,695 134.054 946.705 868.805 The number of aMoyeeS V•fiose amual teff1jnerathL was more than £60.000 is as fdlows.. 202S Number 2024 Numb•r £60.001- £70.LKK) RwnuDeration of k•y matmgoment pers¢)fftrnl The mnerab"On of key fflanager personnel was as fdlows: 2fj25 21124 Total compensallon 205,868 164.709 The trustees consider 312024.. 3) Memb of staff to bè kèy managemenl peTh)nnel. 13 Taxatlon The charty exenw from taKa11 on its ¥tieS because al its irKome is appl for ¢haritsbte puwposes.
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 14 Tanglbl• fix•d as¥•ts ¥•hkle$ Cost Al 1 September 2024 Addil¢ons VAT re¢iaim8d on a55el8 Iprwegislrationl 98.799 20.071 {11.4621 273.262 10.305 {5.4571 83.576 3,151 IS.6811 22,260 477,897 33,527 122.600) At 31 August 2025 107,408 278.110 81.046 22.260 488,824 D¢prn¢latlon and impalm)enl At I Septemb81 2024 Dprg¢iation charged in the year VAT redaimed on assets Iwegistralion) 22.332 156.726 28,756 12.6211 45,352 11,079 12.1431 22.260 246.670 49.678 16.234) 11.470) At 31 AU$l 2025 30.705 182,861 54,288 22.260 29).114 Canylng amounl At 31 August 2025 76.703 95.249 26.758 198.710 Al 31 Auwst 2024 76,467 116.536 38,224 231.227 15 Deblors 2025 2024 Arnounts falllng du• within ono year. Trade debtors Other debt¢yS Prepayments and accwed in¢>Jm8 274.852 237,548 7,712 23.821 64.229 339,081 269,081 2025 2024 Amounts falllng du• aftèr morè than )n¢ y•ar. Trade debtOf5 11.363 8,101 Total debtoTs 350,444 277.182 21
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 crlt015. wnounts lalling du• within •n• y•ar 2025 2024 Other taxation and socfial security Oelelfyd income Trade creditors other c¥editors Accruals 70,805 347,$61 100,478 72,877 11,825 17 431,549 60.040 69.220 14,392 603,546 575.201 17 Dèf•rr¢d Ineome 2025 2024 Arisir¥J frDm scho fees receNed in adVae 347.561 431.549 t)efeThed inoyn• is includ•d h) the ststems 85 foliort.. 2025 2024 Defefre(l in¢om8 is IndUd *ith#i.' Current liabililie5 347.561 431.549 Mov•m•nts in the year. Oefeffed in¢omè at I Septembar 2024 Released from pVIouS peric#Js Resources d8fèrred in thè year 431.$49 {431.5491 347,561 433.011 1433.0111 431,549 Deferyed income at 31 August 2025 347.$61 431,549 Indudsd in deferred incne above a Sch)1 fees relating to th• next finanual ar of £347,561 12024.. £431,549). 18 Retirement b¢ntrrt $¢heme$ 2025 2024 Defined eontrlbullon s¢hernes Charye to profit or loss in reskwt of deffined rontrl)utw s¢hemes 27.972 23.426
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 18 Retirement benefft {Continu•d) charitys wnph)yees belon9 to tthY> prKwl pensw)n schtm¥s.' tl Teachets, Penskin Schamè England aThJ Wales {TPSI for academic arwj fgled 5tstr. arrfl the TPT Pengon Scheme (TPD for non-teaching 8tsff. Th& pensim ¢har9¢ fty the year i1118$ ¢¢ntribulIS payabl¥ to ths TPS of £137.26512024.' £109.394} and Contributi¢5 payatA• to the TPT scheme of £27.972 12024: E23.4261. ContiibvtKins amountin9 to £14.912 12024.. £nill were payable to the schemes at 31 August 2025 and are IndUd 4•thin Lyeditors. T•ach•Ys' P•nslon Schm• The Teachers, Pan0 Scheme ffPS) is a slatutory. contribjlory. d&fined benefit 5theme, governed by the Teachers. Pension Scheme Regulations 2014. Membership is aulomatic foi teachers in the charity bul all teathers have the cYln to opt rrtrt of the TPS fc4hMng enrolment. Th¥ TPS is an unfundefl sdwne to whith both lh¢ member and emplOr mak¢$ ntribUtIOns, as a pefc•ntsge of salary. Th•se It.tiOnS uedrted to lh¢ Exthequer. Retirtm•nt and other p?n$ion benefits arè paid by ftmds provh1ad by Parfiam&it. Valuation ofthe T•aehers' Penslon Sth•m• The Governmont Aduary. ugng nC¥M aCtUla1 Fwnwes, CdC a forn xtuarial VIeW ol ihe TPS in accordance the Public ServK Pensi5 IVaKJation5 #nd Empbyer Cost Capl Directions 2014 published by HM Treasury every 4 year5. The aim of the review is to ensijre scherne $ts are rgcognised and managed appropii8tety #nd the reviw speofies the level ol fvtur8 ¢4xtr1)ulS. Actuarial schgmB valuations are dependent M assumpts.ons about the valu? of f¢JbJre costs. design of benefiis and many olher factots. The latest acbJai¢al valuatr'on of Ihe TPS twas carried oul as at 31 Marth 2020. The valuation report was published by ttte Departynent for EducatKJn on 27 Octcthr 2023. with the SCAPE rate. set by HMT. applying a rJIal in¥estm8nt retum based on 1.7% above lh8 late ol CPI. The key elemènts of the valuation outcoffle are.. . EmF4oyw contribulion rates sel at 28.68% 01 Psble pay (WlLJIng a 0.08% 8drTnl$trati0n W}. Thi5 is an increasè of 5Yo in employer (wtribths arn1 the $1 (trol resuli is suth that no change in member benefits is nèeded. Total scheme liabilitie5 (pensions TrenIty in paymènt aTrJ thtr estimated wst (If fvluro nefits) l( Service to the effeclive date of £262.000 millK)n and not1 assets (estimatèd futur¢ ¢ontribullons tO9ethÈr wth the notional Invesbnènts held at valualion datè) of £222.200 million. giv¢ng a rp)nal past servKe de1 of £39.8LKI Mllion. Tha Ul1 of this ¥alualton V•iM #nplemented from 1 2024.TrE nexi valuatw result due to bo implemenled frryn l April 2027. A copy of valuatim report and SLpp¢#trw ¢¢umentalion is on the T襢hers' Ponthns website. Under thé dèfiniti$ set cJt in FRS 102. the TPS is an unfvftded mulbmploy¢r ptrn$ 5theme. The charty is unabl* to idtrnbfy its shar• of tho underfyirg assèts and liabilities of the plan. A¢wrdingly. the charity has tsken advanlage ol Ihe &xtynpt in FRS 102 and has ha5 a¢pJunted for its tribut)n5 to the scheme as il itwere a deffine(I conlribukn s¢heme. The tharity has sei above Ihe information available on Ihe scheme.
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 Unrèstriettd fimds Th• unrestdcted funds of the tharity corn150 the unexpeThJed balances of donations and grants wthich are not subject to specific condilions by donors and grantors as to how ihey may be used. These indude designat8d lunds whth have be set aside ¢Jrt of unrestrth41 fiJThJs by the trustoes lor specific purposes. Incoming Resource$ At 31 August Septefflber resources expended 2025 2024 Genernl funds 1.279.066 {1,24S.9561 942,796 Prevlous year: Incoming Septsmber r$Ou9 2023 Resources At 31 August eynthd 2024 General funds 724.353 1.384.113 11.198.780) 909.686 20 Flnancial comitfflents. wrntees and contlngent Ilabllllws DlTr9 the year ended 31 Awst 2020 thè schcpJl opened ts kitc1 for meals. A ¢mtract was fomed with Nourish CrJntract Catering Limrted to supeNise and manage the caterin9 s¢rvtts. The temi of this contscl was six yoars and ended on 31 Dacember 2025. The chanty extended the contract for a further 3 yèars unlll 31 December 2028. If the schod decKles lo torminate Ihts contrad before this date they will b8 liable to 3 IrthS fee of £2.5W. The previous contract gave rise to a Ih¥iity in 2024 of £1.083 t•&thith has now ended. 21 Operating lèast ¢¢)mmitments At the repoitng end dale Ihe tharty had (wjtstandng ¢omrrMtirMts for ftslure mininum lease paymenls urKler nonacancdfable operating leases, which fall due as fdlows: 2025 2024 Within one year 6.912 7.489 14,401 Related pty transactions The were no disdosable related paity transact*Jns durinig the year. 23 Analysls of ¢hang•s in n•t fvnds The ¢hanty had no matefial debt durvw the ygar. -24-
LALEHAM LEA SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 24 Cash generated from op•ralions 2025 2024 Sufplus for th yèar 33.110 185.333 Adiustm•nts for: Investment income recognised in slalement ol fmancral xtivths VAT redaimed assets {pre-registrationl Oeprecialion and impaimient ol tsngible fixed assets 112.3941 16.366 49.878 112,9291 44,708 Movements In worklng eapltal: Ilncreasèydettease in debtors Inueaselldeueasa} in credrtors IDecTeasel ui deferred incomè 173.2621 112,333 183.9881 19.047 1181,3021 11.4621 Cash gneral¢d from gperntions 41,843 53.395 -25-